N-CSR/A 1 d166717dncsra.htm WISDOMTREE TRUST WisdomTree Trust

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR/A

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21864

 

 

WisdomTree Trust

(Exact name of registrant as specified in charter)

 

 

245 Park Avenue, 35th Floor

New York, NY 10167

(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

 

 

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

Date of fiscal year end: March 31

Date of reporting period: March 31, 2021

 

 

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

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

 

 

 


Item 1.

Reports to Stockholders.

 

  (a)

The Reports to Shareholders are attached hereto.

 

  (b)

Not applicable.


LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

March 31, 2021

(As updated July 27, 2021, to reflect a 2-for-1 stock split on June 10, 2021 for the WisdomTree U.S. Quality Shareholder Yield Fund)

 

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

WisdomTree U.S. ESG Fund (RESP)

WisdomTree U.S. High Dividend Fund (DHS)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

WisdomTree U.S. LargeCap Fund (EPS)

WisdomTree U.S. MidCap Dividend Fund (DON)

WisdomTree U.S. MidCap Fund (EZM)

WisdomTree U.S. Multifactor Fund (USMF)

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

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

WisdomTree U.S. SmallCap Dividend Fund (DES)

WisdomTree U.S. SmallCap Fund (EES)

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

WisdomTree U.S. Total Dividend Fund (DTD)


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       2  

Management’s Discussion of Funds’ Performance (unaudited)

       3  

Description of Terms and Indexes (unaudited)

       17  
Schedules of Investments     

WisdomTree U.S. Dividend ex-Financials Fund

       20  

WisdomTree U.S. ESG Fund

       23  

WisdomTree U.S. High Dividend Fund

       28  

WisdomTree U.S. LargeCap Dividend Fund

       33  

WisdomTree U.S. LargeCap Fund

       38  

WisdomTree U.S. MidCap Dividend Fund

       45  

WisdomTree U.S. MidCap Fund

       50  

WisdomTree U.S. Multifactor Fund

       57  

WisdomTree U.S. Quality Dividend Growth Fund

       61  

WisdomTree U.S. Quality Shareholder Yield Fund

       66  

WisdomTree U.S. SmallCap Dividend Fund

       69  

WisdomTree U.S. SmallCap Fund

       77  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

       86  

WisdomTree U.S. Total Dividend Fund

       90  

Statements of Assets and Liabilities

       98  

Statements of Operations

       101  

Statements of Changes in Net Assets

       104  

Financial Highlights

       109  

Notes to Financial Statements

       116  

Report of Independent Registered Public Accounting Firm

       127  

Liquidity Risk Management Program (unaudited)

       129  

Trustees and Officers Information (unaudited)

       130  

Supplemental Information (unaudited)

       132  

General Information (unaudited)

       133  

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


Market Environment Overview

(unaudited)

 

The U.S. equity market, as measured by the S&P 500® Index, returned 56.35% for the 12-month fiscal year ending March 31, 2021 (the “period”).

U.S. equities significantly recovered to return 20.54%, as measured by S&P 500® Index, in the second quarter of 2020 following the outbreak of the novel coronavirus (“COVID-19”) in the preceding quarter. Emergency action taken by the U.S. Federal Reserve (the “Fed”), including benchmark rate cuts and quantitative easing measures, helped support equities as economic activity slowed from lockdowns instituted by local governments. Fiscal policy measures, including enhanced unemployment insurance and business loans, also drove positive U.S. equity returns. Notably, the second quarter of 2020 was the strongest quarter of performance in over 20 years, as measured by the S&P 500® Index, despite elevated levels of unemployment, contracting business activity, and uncertainty about a second wave of COVID-19 infections, as well as, the outcome of the 2020 U.S. presidential election.

The recovery in U.S. equities persisted in the third quarter of 2020, although at a moderating pace, in which the S&P 500® Index returned 8.93%. Economic indicators continued to recover from previous lows. U.S. unemployment rates declined to 7.8% but remained above the 3.6% pre-pandemic level. Meanwhile, business activity reentered expansionary territory and consumer spending rebounded in the third quarter of 2020. Optimism about COVID-19 vaccine candidates also contributed to positive equity market sentiment. U.S. gross domestic product grew 33.4% in the third quarter of 2020, following a 31.4% decrease in the second quarter of 2020, marking a significant recovery for the U.S. economy.

The upward trajectory in U.S. equities continued in the final quarter of 2020. The S&P 500® Index returned 12.15%. A key driver of gains in the quarter was regulatory approval of two separate COVID-19 vaccines. Also contributing to positive performance was a reduction in uncertainty following the U.S. presidential election as well as the passage of a $900 billion COVID-19 relief bill that included direct payments to individuals, additional support for small businesses, and extended unemployment benefits. Increasing rates of COVID-19 infections stifled economic activity in the fourth quarter of 2020. Consumer spending declined in November 2020 for the first time since the early stages of the COVID-19 pandemic. Meanwhile, the Fed’s ongoing commitment to accommodative monetary policy helped support U.S. equities despite rising infection rates and a slowdown in economic recovery in the fourth quarter of 2020.

U.S. equities rose for a fourth consecutive quarter in the first quarter of 2021 in which the S&P 500® Index increased 6.17%. Ongoing fiscal and monetary stimulus as well as a national COVID-19 vaccine roll out helped lead stocks higher. At the end of the quarter, an additional $2.5 trillion dollars in fiscal spending was proposed, primarily focused on improving infrastructure. Meanwhile, economic data continued to point towards recovery. Jobless claims fell to the lowest level since the onset of the COVID-19 pandemic, retail sales increased at the fastest pace since June 2020, and the U.S. ISM manufacturing index, considered to be a key indicator of the state of the U.S. economy, reached the highest level since 1983 indicating an expansion of the U.S. economy.

Over the period, the increase in long-term U.S. interest rates exceeded the decrease in short-term U.S. interest rates, resulting in a steepening in the U.S. Treasury yield curve. The Fed funds rate was unchanged, remaining in a range of 0% to 0.25%, while the 2-Year U.S. Treasury Note yield decreased from 0.23% to 0.16% and the U.S. 10-Year Treasury Note yield increased from 0.70% to 1.74%. The closely monitored spread between the 2- and 10-year U.S. Treasury Note yields increased from 0.47% at the beginning of the period to 1.58% at the end of the period. The decrease in short-term rates over the period was driven by easing monetary policy by the Fed. The increase in long-term yield was driven by rising inflation expectations. The 30-year breakeven inflation rate, a measure of what market participants expect inflation to be in the next 30 years, increased from 1.25% to 2.31% during the period.

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

 

WisdomTree Trust      1  


Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2020 to March 31, 2021. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

2   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    15.9%  

Utilities

    11.8%  

Communication Services

    11.8%  

Information Technology

    10.5%  

Health Care

    9.8%  

Real Estate

    9.7%  

Materials

    9.2%  

Consumer Discretionary

    8.9%  

Industrials

    8.9%  

Energy

    3.1%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Altria Group, Inc.

    4.0%  

Lumen Technologies, Inc.

    3.2%  

Philip Morris International, Inc.

    2.6%  

AT&T, Inc.

    1.8%  

Iron Mountain, Inc.

    1.8%  

FirstEnergy Corp.

    1.7%  

Dow, Inc.

    1.6%  

Verizon Communications, Inc.

    1.5%  

PPL Corp.

    1.5%  

Kraft Heinz Co. (The)

    1.5%  
*

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

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

The Fund returned 50.69% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. The Fund’s position in the Materials sector contributed most positively to performance while its position in the Utilities sector contributed the least positively to performance. In terms of performance by dividend yield quintiles, all dividend quintiles performed comparably well due to the post COVID-19 rally.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,267.50        0.38   $ 2.15  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       50.69      7.49      8.26      10.26

Fund Market Price Returns

       51.17      7.54      8.30      10.27

WisdomTree U.S. Dividend ex-Financials Index

       51.40      7.89      8.68      10.68

Dow Jones U.S. Select Dividend IndexSM

       61.70      10.72      11.18      12.39

Russell 1000® Value Index

       56.09      10.96      11.74      10.99

 

LOGO

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

 

WisdomTree Trust      3  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. ESG Fund (RESP)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    28.7%  

Health Care

    13.7%  

Consumer Discretionary

    12.6%  

Communication Services

    11.0%  

Financials

    11.0%  

Industrials

    9.0%  

Consumer Staples

    5.9%  

Materials

    2.7%  

Real Estate

    2.7%  

Utilities

    2.6%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    5.5%  

Alphabet, Inc., Class A

    4.7%  

Microsoft Corp.

    4.7%  

Amazon.com, Inc.

    3.4%  

JPMorgan Chase & Co.

    1.6%  

Verizon Communications, Inc.

    1.1%  

Comcast Corp., Class A

    1.0%  

PayPal Holdings, Inc.

    1.0%  

Procter & Gamble Co. (The)

    1.0%  

AT&T, Inc.

    1.0%  
*

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

The WisdomTree U.S. ESG Fund (the “Fund”) seeks capital appreciation. The Fund is actively managed using a model-based approach. The Fund seeks to achieve its investment objective by investing primarily in U.S. equity securities that exhibit certain characteristics believed to be indicative of positive future returns as well as incorporating favorable environmental, social, and governance (“ESG”) characteristics based on a model developed by WisdomTree Asset Management.

The Fund returned 60.80% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Consumer Discretionary sector was the most positive contributor to performance over the fiscal year, while its position in the Financials sector was the primary detractor from performance. In terms of performance by price-to-earnings (“P/E”) quintiles, the fourth P/E quintile was the most negative contributor, while the fifth quintile contributed positively to performance. The Fund’s focus on sustainable and value-oriented investment strategies also contributed positively to its performance since many value-oriented and quality-oriented funds rebounded during the recovery process.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,207.00        0.28   $ 1.54  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns1

       60.80      14.28      15.09      12.95

Fund Market Price Returns1

       61.44      14.31      15.16      12.96

MSCI USA Extended ESG Focus Index2

       60.09      18.38      N/A        N/A  

S&P 500® Index

       56.35      16.78      16.29      13.91
1 

The Fund’s name, investment objective and strategies changed effective March 16, 2020. Prior to March 16, 2020, Fund performance reflects the investment objective of the Fund when it was known as the WisdomTree U.S. Total Market Fund (EXT) and tracked the performance, before fees and expenses, of the WisdomTree U.S. Total Market Index.

 

2 

The MSCI USA Extended ESG Focus Index began on March 27, 2018, and the line graph for the Index begins at the same value as the Fund on that date.

 

LOGO

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

 

4   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. High Dividend Fund (DHS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    20.5%  

Financials

    16.9%  

Utilities

    13.0%  

Information Technology

    12.7%  

Health Care

    11.8%  

Communication Services

    11.3%  

Real Estate

    5.0%  

Industrials

    3.9%  

Materials

    2.5%  

Consumer Discretionary

    1.2%  

Energy

    0.9%  

Other Assets less Liabilities‡

    0.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Altria Group, Inc.

    5.9%  

Philip Morris International, Inc.

    5.2%  

AbbVie, Inc.

    5.1%  

AT&T, Inc.

    4.9%  

Verizon Communications, Inc.

    4.8%  

Pfizer, Inc.

    4.2%  

Cisco Systems, Inc.

    4.0%  

Coca-Cola Co. (The)

    4.0%  

International Business Machines Corp.

    3.6%  

Broadcom, Inc.

    3.4%  
*

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

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

The Fund returned 40.97% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). Beyond profiting from the broader market recovery from the lows of the pandemic in March 2020, the Fund’s performance benefited most from its positions in the Information Technology sector and was negatively impacted by its position in the Communication Services sector. In terms of performance by dividend yield quintiles, performance in respect to the value benchmark took a hit due to poor security selection within the upper quintiles, as well as due to little or no allocation among the lower quintiles and the non-dividend paying group of companies. Therefore, dividend-paying companies, and dividend-focused funds, such as the Fund, which are typically overweight these higher dividend yield quintiles, underperformed benchmarks with a more balanced dividend yield profile. Furthermore, the Fund was more heavily allocated to low volatility equities, which detracted from overall cumulative returns for the fiscal year, but slightly reduced overall volatility.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,251.70        0.38   $ 2.13  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       40.97      7.95      7.67      10.39

Fund Market Price Returns

       41.31      8.00      7.70      10.40

WisdomTree U.S. High Dividend Index

       41.63      8.34      8.06      10.80

Russell 1000® Value Index

       56.09      10.96      11.74      10.99

 

LOGO

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

 

WisdomTree Trust      5  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.0%  

Consumer Staples

    15.4%  

Health Care

    15.3%  

Financials

    13.3%  

Industrials

    8.5%  

Communication Services

    7.2%  

Consumer Discretionary

    6.1%  

Utilities

    5.9%  

Real Estate

    3.9%  

Materials

    2.6%  

Energy

    0.4%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    5.3%  

Apple, Inc.

    4.0%  

Johnson & Johnson

    3.2%  

Verizon Communications, Inc.

    2.8%  

AT&T, Inc.

    2.7%  

JPMorgan Chase & Co.

    2.6%  

Philip Morris International, Inc.

    2.2%  

Procter & Gamble Co. (The)

    2.2%  

Altria Group, Inc.

    2.1%  

Home Depot, Inc. (The)

    2.1%  
*

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

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

The Fund returned 45.40% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). All sector exposures within the Fund had positive returns during the period. The Fund’s positions in Materials, Financials, and Energy sectors had the highest returns during the period; meanwhile, the Fund’s positions in the Utilities and Communication Services sectors were the weakest contributors to performance, even though they produced positive returns over the period. Exposure to the highest dividend yield quintiles of the market negatively contributed to performance as companies with zero dividend yield had the strongest returns during the period. Fund performance was also negatively impacted by its exposure to large-cap companies, as mid- and small-cap companies outperformed during the period.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,195.50        0.28   $ 1.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns

       45.40      12.04      12.32      12.04

Fund Market Price Returns

       45.75      12.07      12.35      12.05

WisdomTree U.S. LargeCap Dividend Index

       45.79      12.35      12.64      12.35

S&P 500® Index

       56.35      16.78      16.29      13.91

Russell 1000® Value Index

       56.09      10.96      11.74      10.99

 

LOGO

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

 

6   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. LargeCap Fund (EPS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.6%  

Financials

    16.0%  

Health Care

    14.8%  

Communication Services

    11.7%  

Consumer Staples

    8.8%  

Industrials

    8.4%  

Consumer Discretionary

    8.3%  

Utilities

    3.0%  

Materials

    2.4%  

Real Estate

    1.6%  

Energy

    1.1%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    4.5%  

Microsoft Corp.

    4.3%  

Alphabet, Inc., Class A

    3.4%  

JPMorgan Chase & Co.

    2.5%  

Intel Corp.

    2.3%  

Facebook, Inc., Class A

    2.2%  

Berkshire Hathaway, Inc., Class B

    2.0%  

Bank of America Corp.

    1.8%  

UnitedHealth Group, Inc.

    1.6%  

Amazon.com, Inc.

    1.6%  
*

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

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

The Fund returned 57.11% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund benefited most from its position in the Financials sector, while its position in the Energy sector was the least beneficial to performance. In terms of performance by price-to-earnings (“P/E”) quintiles, the lowest P/E quintile was the most positive contributor, while companies with negative earnings (and therefore, no discernible P/E ratio) were amongst those that contributed the least positively to performance. Leading into the fiscal year, the Fund’s performance was especially hit hard during the first few months of the global COVID-19 induced market sell-off. However, many markets saw their floors established just at the beginning of the fiscal year. Subsequently, many companies benefited in the large, broad-based market rally that would occur over the fiscal year. During the first five months of the fiscal year, value-oriented investment strategies, such as those utilized by the Fund, saw positive performance as the global economy began to slowly recover, but were lagging more growth-oriented strategies that initially benefited from the global shutdowns. However, by the end the summer of 2020, more states loosened restrictions and more fiscal/monetary stimulus was being rolled out. As a result, the value-oriented companies began to outperform growth-oriented companies for the remainder of the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,233.60        0.08   $ 0.45  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.53        0.08   $ 0.40  

Performance

 

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

Fund NAV Returns

       57.11      14.93      15.50      13.24

Fund Market Price Returns

       57.71      14.94      15.55      13.26

WisdomTree U.S. LargeCap Index

       57.32      15.13      15.76      13.52

S&P 500® Index

       56.35      16.78      16.29      13.91

S&P 500® Value Index

       50.37      11.83      12.31      11.14

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. MidCap Dividend Fund (DON)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.0%  

Industrials

    15.2%  

Utilities

    11.2%  

Consumer Discretionary

    10.8%  

Materials

    9.9%  

Real Estate

    9.1%  

Information Technology

    5.8%  

Energy

    3.8%  

Consumer Staples

    3.7%  

Communication Services

    2.7%  

Health Care

    1.2%  

Investment Company

    0.4%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Antero Midstream Corp.

    1.5%  

Franklin Resources, Inc.

    1.4%  

Newell Brands, Inc.

    1.2%  

Interpublic Group of Cos., Inc. (The)

    1.2%  

Williams-Sonoma, Inc.

    1.0%  

Watsco, Inc.

    1.0%  

Western Union Co. (The)

    1.0%  

CNA Financial Corp.

    1.0%  

Fidelity National Financial, Inc.

    0.9%  

Pinnacle West Capital Corp.

    0.9%  
*

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

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

The Fund returned 71.52% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Financials and Health Care sectors contributed positively to performance while its position in the Industrials and Consumer Staples sectors detracted from performance. As the recovery gained steam later in the fiscal year, many cyclical and dividend-paying companies began to catch a tailwind, which was particularly beneficial for the Fund. In terms of performance by dividend yield quintiles, the highest dividend yield quintile was the strongest contributor, while the two lowest dividend yield quintiles were primary detractors. The Fund’s focus on dividend-paying companies positively affected its performance as cyclical and value-oriented companies rallied for much of the fiscal year. Likewise, investment strategies having an emphasis on mid- and small-cap companies benefited during the recovery, as they were positively affected by the prospect of returning to economic growth.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,412.80        0.38   $ 2.29  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       71.52      8.64      9.90      11.39

Fund Market Price Returns

       72.74      8.81      10.00      11.43

WisdomTree U.S. MidCap Dividend Index

       72.34      8.97      10.27      11.74

S&P MidCap 400® Index

       83.46      13.40      14.37      11.92

Russell MidCap Index

       73.64      14.72      14.67      12.46

Russell MidCap Value Index

       73.76      10.70      11.60      11.05

 

LOGO

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

 

8   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. MidCap Fund (EZM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    23.1%  

Industrials

    19.9%  

Consumer Discretionary

    14.8%  

Information Technology

    10.1%  

Materials

    7.5%  

Health Care

    6.2%  

Real Estate

    5.8%  

Consumer Staples

    4.5%  

Utilities

    4.2%  

Energy

    1.9%  

Communication Services

    1.6%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Hanesbrands, Inc.

    0.8%  

SLM Corp.

    0.8%  

Berry Global Group, Inc.

    0.7%  

Diamondback Energy, Inc.

    0.7%  

Signature Bank

    0.7%  

Arrow Electronics, Inc.

    0.7%  

LPL Financial Holdings, Inc.

    0.7%  

Unum Group

    0.7%  

Alliance Data Systems Corp.

    0.7%  

East West Bancorp, Inc.

    0.7%  
*

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

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

The Fund returned 95.30% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Consumer Discretionary sector contributed most positively to performance while its position in the Utilities sector contributed least positively to performance. In terms of performance by dividend yield quintiles, the highest dividend yield quintile was the most positive contributor, while the lowest dividend yield quintile was the least positive contributor. The Fund’s focus on dividend yielding companies positively affected its performance over the fiscal year since many value-oriented funds (including those with a dividend emphasis such as the Fund) rebounded during the recovery process.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,499.50        0.38   $ 2.37  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

 

Performance

 

 

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

Fund NAV Returns

       95.30      11.38      12.81      11.58

Fund Market Price Returns

       97.23      11.60      12.96      11.65

WisdomTree U.S. MidCap Index

       96.08      11.77      13.19      11.91

S&P MidCap 400® Index

       83.46      13.40      14.37      11.92

Russell MidCap Index

       73.64      14.72      14.67      12.46

Russell MidCap Value Index

       73.76      10.70      11.60      11.05

 

LOGO

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

 

WisdomTree Trust      9  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. Multifactor Fund (USMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    27.5%  

Health Care

    13.2%  

Consumer Discretionary

    12.7%  

Financials

    10.6%  

Communication Services

    10.3%  

Industrials

    9.7%  

Consumer Staples

    5.9%  

Materials

    2.6%  

Real Estate

    2.5%  

Utilities

    2.5%  

Energy

    2.3%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Broadridge Financial Solutions, Inc.

    1.3%  

Booz Allen Hamilton Holding Corp.

    1.3%  

Tyler Technologies, Inc.

    1.2%  

Cisco Systems, Inc.

    1.2%  

F5 Networks, Inc.

    1.2%  

Verizon Communications, Inc.

    1.2%  

Citrix Systems, Inc.

    1.2%  

Akamai Technologies, Inc.

    1.2%  

Oracle Corp.

    1.2%  

Black Knight, Inc.

    1.2%  
*

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

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

The Fund returned 55.76% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Consumer Discretionary sector was the most positive contributor to performance over the fiscal year, while its position in the Information Technology sector was the primary detractor from performance. The Fund’s underweight exposure to large-cap companies, coupled with its overweight exposure to mid-cap companies, positively contributed to performance as many value-oriented and quality-oriented mid-cap companies rallied during most of the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,217.90        0.28   $ 1.55  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      Since Inception1  

Fund NAV Returns

       55.76      12.38      13.64

Fund Market Price Returns

       56.68      12.47      13.73

WisdomTree U.S. Multifactor Index

       56.07      12.53      13.75

S&P 500® Index

       56.35      16.78      16.31

S&P 500® Equal Weight Index

       71.61      14.90      14.39
1 

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

 

LOGO

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

 

10   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    25.4%  

Health Care

    19.0%  

Consumer Staples

    16.7%  

Industrials

    16.5%  

Communication Services

    6.7%  

Financials

    5.4%  

Consumer Discretionary

    4.7%  

Materials

    3.3%  

Utilities

    1.3%  

Real Estate

    0.4%  

Energy

    0.4%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    4.8%  

Johnson & Johnson

    4.6%  

Apple, Inc.

    4.3%  

Verizon Communications, Inc.

    4.3%  

Procter & Gamble Co. (The)

    3.4%  

Altria Group, Inc.

    3.3%  

Coca-Cola Co. (The)

    3.0%  

Pfizer, Inc.

    3.0%  

Cisco Systems, Inc.

    2.8%  

Intel Corp.

    2.7%  
*

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

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

The Fund returned 50.24% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund benefited the most from its positions in the Real Estate and Utilities sectors, while its positions in the Consumer Discretionary and Health Care sectors were the most negative contributors to performance. In terms of performance by return-on-equity (“ROE”) quintiles, the highest ROE quintile was a negative contributor while the fourth ROE quintile was the most positive contributor. During the fiscal year, companies with negative ROE had great performance, for which the Fund’s allocation is zero and therefore detracted from total returns. Additionally, the Fund’s overweight to large-cap and low volatility companies also detracted from performance.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,165.50        0.28   $ 1.51  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns

       50.24      14.93      15.34      13.56

Fund Market Price Returns

       50.62      14.96      15.39      13.58

WisdomTree U.S. Quality Dividend Growth Index

       50.80      15.27      15.70      13.88

NASDAQ U.S. Dividend AchieversTM Select Index

       44.99      15.55      14.89      12.50

S&P 500® Index

       56.35      16.78      16.29      14.04
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on May 22, 2013.

 

LOGO

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

 

WisdomTree Trust      11  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.3%  

Information Technology

    16.8%  

Consumer Discretionary

    13.9%  

Health Care

    11.4%  

Industrials

    7.8%  

Communication Services

    7.4%  

Energy

    5.5%  

Real Estate

    5.1%  

Consumer Staples

    4.9%  

Utilities

    3.5%  

Materials

    2.3%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

eBay, Inc.

    1.9%  

People’s United Financial, Inc.

    1.8%  

Lumen Technologies, Inc.

    1.7%  

DaVita, Inc.

    1.5%  

Simon Property Group, Inc.

    1.5%  

Juniper Networks, Inc.

    1.5%  

Discovery, Inc., Class A

    1.4%  

Allstate Corp. (The)

    1.4%  

Altria Group, Inc.

    1.4%  

Toll Brothers, Inc.

    1.4%  
*

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

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

The Fund returned 76.07% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. The Fund benefited the most from its position in the Financials and Consumer Discretionary sectors, while its position in the Information Technology sector negatively affected performance. The Fund’s focus on the highest shareholder yield and highest quality subsets of the U.S. equity market positively contributed to performance during the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,372.30        0.38   $ 2.25  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns1

       76.07      13.65      14.26      11.89

Fund Market Price Returns1

       76.78      13.77      14.34      11.93

Russell 1000® Value Index

       56.09      10.96      11.74      10.99
1 

The Fund’s investment objective changed effective December 18, 2017. From June 19, 2009 through December 17, 2017, the Fund’s investment objective sought to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Value Index.

 

LOGO

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

 

12   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. SmallCap Dividend Fund (DES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.4%  

Industrials

    18.2%  

Consumer Discretionary

    12.3%  

Real Estate

    9.3%  

Materials

    8.9%  

Consumer Staples

    8.2%  

Utilities

    5.7%  

Information Technology

    4.4%  

Communication Services

    3.1%  

Health Care

    1.7%  

Energy

    1.6%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Vector Group Ltd.

    1.7%  

B&G Foods, Inc.

    1.6%  

Rent-A-Center, Inc.

    1.3%  

Kontoor Brands, Inc.

    1.2%  

Compass Minerals International, Inc.

    1.2%  

Avista Corp.

    1.1%  

Commercial Metals Co.

    1.1%  

Greif, Inc., Class A

    1.0%  

South Jersey Industries, Inc.

    1.0%  

Big Lots, Inc.

    0.9%  
*

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

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

The Fund returned 76.76% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund benefited most from its overweight position in the Energy sector, while its underweight position in the Consumer Discretionary sector was the least beneficial to performance. In terms of performance by price-to-earnings (“P/E”) quintiles, the lowest P/E quintile was the most positive contributor, while companies with negative earnings (and therefore, no discernible P/E ratio) were amongst those that contributed the least positively to performance. Leading into the fiscal year, the Fund’s performance was especially hit hard during the first few months of the global COVID-19 induced market sell-off. Dividend-paying companies, and dividend-focused investment strategies, such as those utilized by the Fund, initially struggled to outpace their peers leading into the fiscal year. However, many markets saw their floors established just at the beginning of the fiscal year. Subsequently, many companies benefited in the large, broad-based market rally that occurred over the full fiscal year. During the first five months of the fiscal year, smaller-market cap and value-oriented investment strategies, such as those utilized by the Fund, saw positive performance as the global economy began to slowly recover, but were lagging larger-market cap growth-oriented strategies that initially benefited from the global shutdowns. However, by the end the summer of 2020, more states loosened restrictions and more fiscal/monetary stimulus was being rolled out. As a result, the smaller-market cap and value-oriented companies began to vastly outperform larger, growth-oriented companies for the remainder of the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,493.60        0.38   $ 2.36  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       76.76      7.35      9.51      10.06

Fund Market Price Returns

       78.86      7.59      9.66      10.14

WisdomTree U.S. SmallCap Dividend Index

       77.64      7.76      9.89      10.29

Russell 2000® Index

       94.85      14.76      16.35      11.68

Russell 2000® Value Index

       97.05      11.57      13.56      10.06

 

LOGO

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

 

WisdomTree Trust      13  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. SmallCap Fund (EES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    25.1%  

Industrials

    19.2%  

Consumer Discretionary

    18.5%  

Health Care

    6.4%  

Information Technology

    6.3%  

Consumer Staples

    5.7%  

Communication Services

    5.4%  

Real Estate

    4.8%  

Materials

    4.3%  

Energy

    3.0%  

Utilities

    1.0%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Navient Corp.

    1.0%  

Big Lots, Inc.

    0.9%  

Flagstar Bancorp, Inc.

    0.9%  

ODP Corp. (The)

    0.8%  

Michaels Cos., Inc. (The)

    0.8%  

Rent-A-Center, Inc.

    0.7%  

United Natural Foods, Inc.

    0.7%  

M/I Homes, Inc.

    0.6%  

Meritor, Inc.

    0.6%  

AMC Networks, Inc., Class A

    0.6%  
*

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

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

The Fund returned 113.74% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Consumer Discretionary, Energy, and Utilities sectors contributed most positively to performance while its positions in the Financials and Information Technology sectors detracted from performance. As the recovery gained steam later in the year, many cyclical and smaller companies began to catch a tailwind, which was particularly beneficial for the Fund, as economic prospects improved and it appeared that more companies would return to profitability. In terms of performance by price-to-earnings (“P/E”) quintiles, the lowest P/E quintile was the strongest contributor, while the second- and third-lowest P/E quintiles were slight detractors. The Fund’s focus on small-cap companies with positive earnings aided its performance as cyclical and value-oriented companies rallied for much of the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,591.50        0.38   $ 2.46  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       113.74      11.50      14.52      11.42

Fund Market Price Returns

       116.37      11.76      14.71      11.48

WisdomTree U.S. SmallCap Index

       114.70      11.80      14.81      11.65

Russell 2000® Index

       94.85      14.76      16.35      11.68

Russell 2000® Value Index

       97.05      11.57      13.56      10.06

 

LOGO

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

 

14   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    26.4%  

Financials

    25.6%  

Consumer Discretionary

    15.9%  

Utilities

    8.0%  

Materials

    6.9%  

Consumer Staples

    6.8%  

Information Technology

    6.2%  

Communication Services

    2.8%  

Health Care

    1.0%  

Real Estate

    0.2%  

Energy

    0.1%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Avista Corp.

    2.6%  

B&G Foods, Inc.

    2.2%  

Rent-A-Center, Inc.

    2.2%  

Greif, Inc., Class A

    1.8%  

John Wiley & Sons, Inc., Class A

    1.7%  

Trinity Industries, Inc.

    1.6%  

Nu Skin Enterprises, Inc., Class A

    1.6%  

Cathay General Bancorp

    1.6%  

Buckle, Inc. (The)

    1.5%  

Big Lots, Inc.

    1.5%  
*

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

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

The Fund returned 88.65% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Materials sector contributed most positively to performance while its position in the Utilities sector contributed least positively to performance. In terms of performance by dividend yield quintiles, the highest dividend yield quintile was the most positive contributor, while the lowest dividend yield quintile was the least positive contributor. The Fund’s focus on higher profitability companies negatively affected its performance over the fiscal year since many growth stocks rebounded at a larger magnitude during the recovery process.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,511.00        0.38   $ 2.38  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

     88.65      13.05      12.96      10.70

Fund Market Price Returns

     90.75      13.28      13.11      10.77

WisdomTree U.S. SmallCap Quality Dividend Growth Index

     89.65      13.41      13.30      10.99

Russell 2000® Index

     94.85      14.76      16.35      11.68
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 25, 2013.

 

LOGO

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

 

WisdomTree Trust      15  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree U.S. Total Dividend Fund (DTD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    19.0%  

Financials

    15.4%  

Consumer Staples

    14.3%  

Health Care

    13.7%  

Industrials

    9.0%  

Communication Services

    6.7%  

Consumer Discretionary

    6.5%  

Utilities

    6.2%  

Real Estate

    5.0%  

Materials

    3.2%  

Energy

    0.8%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    4.7%  

Apple, Inc.

    3.5%  

Johnson & Johnson

    2.9%  

Verizon Communications, Inc.

    2.5%  

AT&T, Inc.

    2.5%  

JPMorgan Chase & Co.

    2.3%  

Philip Morris International, Inc.

    2.0%  

Altria Group, Inc.

    2.0%  

Procter & Gamble Co. (The)

    2.0%  

Home Depot, Inc. (The)

    1.9%  
*

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

 

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

The Fund returned 48.15% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Information Technology sector contributed most positively to performance while its position in the Consumer Discretionary sector contributed most negatively to performance. In terms of performance by dividend yield quintiles, the highest dividend yield quintile was the most negative contributor, while the lowest dividend yield quintile was the only positive contributor. The Fund’s focus on dividend yielding companies positively affected its performance over the fiscal year since many value-oriented funds (including those with a dividend emphasis such as the Fund) rebounded during the recovery process.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,220.10        0.28   $ 1.55  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns

       48.15      11.28      11.78      11.79

Fund Market Price Returns

       48.62      11.31      11.82      11.80

WisdomTree U.S. Dividend Index

       48.52      11.61      12.11      12.13

Russell 3000® Index

       62.53      17.12      16.64      13.79

Russell 3000® Value Index

       58.38      10.99      11.87      10.91

 

LOGO

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

 

16   WisdomTree Trust


Description of Terms and Indexes (unaudited)

 

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

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

The Dow Jones U.S. Select Dividend IndexSM is comprised of 100 U.S. dividend-paying companies.

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

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

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

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

The MSCI USA Extended ESG Focus Index is designed to maximize exposure to positive environmental, social and governance (ESG) factors while exhibiting risk and return characteristics similar to those of the MSCI USA Index, its parent index.

The NASDAQ U.S. Dividend AchieversTM Select Index is a capitalization-weighted index that measures the performance of U.S. common stocks that have a history of increasing dividends for at least ten consecutive years.

Price-to-Earnings refers to a company’s share price divided by its earnings per share. Lower numbers indicate an ability to access greater amounts of earnings per dollar invested. A higher number indicates that a company’s stock may be over-valued.

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

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

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

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

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

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

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

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

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

 

WisdomTree Trust      17  


Description of Terms and Indexes (unaudited) (continued)

 

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

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

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

The S&P 500® Value Index is an index comprised of S&P 500 Index constituents that screen favorably on measures of value such as book value, earnings, and sales to price.

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

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

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

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

The WisdomTree U.S. Dividend ex-Financials Index is comprised of high dividend-yielding stocks outside the Financials sector.

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

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

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

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

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

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

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

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

 

 

18   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

 

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

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

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

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

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

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

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

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

 

WisdomTree Trust      19  


Schedule of Investments

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%

 

United States – 99.6%

 

Aerospace & Defense – 1.7%

 

General Dynamics Corp.

     27,879      $ 5,061,711  

Lockheed Martin Corp.

     11,331        4,186,805  
     

 

 

 
Total Aerospace & Defense

 

     9,248,516  
Air Freight & Logistics – 1.5%

 

C.H. Robinson Worldwide, Inc.

     33,374        3,184,881  

United Parcel Service, Inc. Class B

     30,130        5,121,799  
     

 

 

 
Total Air Freight & Logistics

 

     8,306,680  
Beverages – 0.8%

 

Coca-Cola Co. (The)

     85,334        4,497,955  
Biotechnology – 3.4%

 

AbbVie, Inc.

     66,938        7,244,030  

Amgen, Inc.

     18,206        4,529,835  

Gilead Sciences, Inc.

     105,651        6,828,224  
     

 

 

 
Total Biotechnology

 

     18,602,089  
Chemicals – 5.3%

 

Air Products & Chemicals, Inc.

     10,299        2,897,521  

Celanese Corp.

     21,087        3,159,044  

CF Industries Holdings, Inc.

     117,040        5,311,275  

Dow, Inc.

     140,111        8,958,697  

Eastman Chemical Co.

     37,851        4,168,152  

International Flavors & Fragrances, Inc.

     35,449        4,949,035  
     

 

 

 
Total Chemicals

 

     29,443,724  
Communications Equipment – 1.0%

 

Cisco Systems, Inc.

     108,216        5,595,849  
Containers & Packaging – 2.1%

 

International Paper Co.

     122,014        6,597,297  

Packaging Corp. of America

     38,515        5,179,497  
     

 

 

 
Total Containers & Packaging

 

     11,776,794  
Distributors – 1.0%

 

Genuine Parts Co.

     47,403        5,479,313  
Diversified Telecommunication Services – 6.6%

 

AT&T, Inc.

     334,193        10,116,022  

Lumen Technologies, Inc.

     1,345,351        17,960,436  

Verizon Communications, Inc.

     147,913        8,601,141  
     

 

 

 
Total Diversified Telecommunication Services

 

     36,677,599  
Electric Utilities – 10.8%

 

Avangrid, Inc.

     120,594        6,006,787  

Duke Energy Corp.

     65,162        6,290,088  

Edison International

     94,794        5,554,928  

Evergy, Inc.

     100,378        5,975,502  

Exelon Corp.

     129,609        5,669,098  

FirstEnergy Corp.

     277,123        9,613,397  

Pinnacle West Capital Corp.

     72,915        5,931,635  

PPL Corp.

     297,850        8,589,994  

Southern Co. (The)

     101,378        6,301,657  
     

 

 

 
Total Electric Utilities

 

     59,933,086  
Electrical Equipment – 1.8%

 

Emerson Electric Co.

     45,719      4,124,768  

Hubbell, Inc.

     32,509        6,075,607  
     

 

 

 
Total Electrical Equipment

 

     10,200,375  
Energy Equipment & Services – 1.3%

 

Baker Hughes Co.

     243,120        5,253,823  

Halliburton Co.

     78,500        1,684,610  
     

 

 

 
Total Energy Equipment & Services

 

     6,938,433  
Equity Real Estate Investment Trusts (REITs) – 9.7%

 

AvalonBay Communities, Inc.

     21,357        3,940,580  

Boston Properties, Inc.

     36,293        3,675,029  

Equity Residential

     64,145        4,594,706  

Gaming and Leisure Properties, Inc.

     184,757        7,839,240  

Healthpeak Properties, Inc.

     159,003        5,046,755  

Iron Mountain, Inc.(a)

     269,429        9,971,567  

Medical Properties Trust, Inc.

     244,693        5,207,067  

Realty Income Corp.

     70,386        4,469,511  

STORE Capital Corp.

     123,293        4,130,316  

VICI Properties, Inc.(a)

     185,051        5,225,840  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     54,100,611  
Food Products – 7.2%

 

Archer-Daniels-Midland Co.

     83,197        4,742,229  

Conagra Brands, Inc.

     121,899        4,583,402  

General Mills, Inc.

     121,505        7,450,687  

J.M. Smucker Co. (The)

     57,300        7,250,169  

Kellogg Co.

     123,408        7,811,726  

Kraft Heinz Co. (The)

     204,248        8,169,920  
     

 

 

 
Total Food Products

 

     40,008,133  
Health Care Providers & Services – 1.8%

 

Cardinal Health, Inc.

     93,949        5,707,402  

CVS Health Corp.

     59,204        4,453,917  
     

 

 

 
Total Health Care Providers & Services

 

     10,161,319  
Hotels, Restaurants & Leisure – 1.2%

 

McDonald’s Corp.

     16,377        3,670,741  

Starbucks Corp.

     25,491        2,785,401  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     6,456,142  
Household Durables – 2.3%

 

Newell Brands, Inc.

     302,373        8,097,549  

Whirlpool Corp.

     19,999        4,406,780  
     

 

 

 
Total Household Durables

 

     12,504,329  
Household Products – 1.2%

 

Kimberly-Clark Corp.

     48,531        6,748,236  
Industrial Conglomerates – 1.5%

 

3M Co.

     42,007        8,093,909  
IT Services – 3.3%

 

International Business Machines Corp.

     60,855        8,109,537  

Paychex, Inc.

     41,516        4,069,399  

Western Union Co. (The)

     258,270        6,368,938  
     

 

 

 
Total IT Services

 

     18,547,874  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

March 31, 2021

 

 

 

Investments    Shares      Value  
Leisure Products – 0.8%

 

Hasbro, Inc.

     47,063      $ 4,523,696  
Machinery – 2.4%

 

Caterpillar, Inc.

     18,954        4,394,864  

Cummins, Inc.

     15,287        3,961,014  

Snap-on, Inc.

     22,162        5,113,660  
     

 

 

 
Total Machinery

 

     13,469,538  
Media – 5.2%

 

Comcast Corp. Class A

     51,718        2,798,461  

Fox Corp. Class B

     80,663        2,817,558  

Interpublic Group of Cos., Inc. (The)

     274,320        8,010,144  

News Corp. Class A

     90,003        2,288,776  

Omnicom Group, Inc.

     91,531        6,787,024  

Sirius XM Holdings, Inc.(a)

     198,000        1,205,820  

ViacomCBS, Inc. Class B

     109,519        4,939,307  
     

 

 

 
Total Media

 

     28,847,090  
Metals & Mining – 1.8%

 

Newmont Corp.

     66,161        3,987,524  

Nucor Corp.

     75,845        6,088,078  
     

 

 

 
Total Metals & Mining

 

     10,075,602  
Multi-Utilities – 1.1%

 

Consolidated Edison, Inc.

     78,542        5,874,942  
Oil, Gas & Consumable Fuels – 1.9%

 

EOG Resources, Inc.

     85,505        6,201,678  

Pioneer Natural Resources Co.

     27,089        4,302,275  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     10,503,953  
Pharmaceuticals – 4.6%

 

Bristol-Myers Squibb Co.

     68,063        4,296,817  

Eli Lilly & Co.

     18,168        3,394,146  

Johnson & Johnson

     39,259        6,452,217  

Merck & Co., Inc.

     84,018        6,476,947  

Pfizer, Inc.

     138,079        5,002,602  
     

 

 

 
Total Pharmaceuticals

 

     25,622,729  
Semiconductors & Semiconductor Equipment – 3.0%

 

Broadcom, Inc.

     11,426        5,297,779  

Intel Corp.

     78,603        5,030,592  

Texas Instruments, Inc.

     33,864        6,399,957  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     16,728,328  
Software – 0.8%

 

NortonLifeLock, Inc.

     200,489        4,262,396  
Specialty Retail – 3.1%

 

Best Buy Co., Inc.

     43,201      4,959,907  

Home Depot, Inc. (The)

     17,566        5,362,021  

Williams-Sonoma, Inc.

     39,620        7,099,904  
     

 

 

 
Total Specialty Retail

 

     17,421,832  
Technology Hardware, Storage & Peripherals – 2.3%

 

HP, Inc.

     219,173        6,958,743  

NetApp, Inc.

     83,453        6,064,529  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     13,023,272  
Textiles, Apparel & Luxury Goods – 0.6%

 

VF Corp.

     38,813        3,101,935  
Tobacco – 6.5%

 

Altria Group, Inc.

     431,597        22,080,503  

Philip Morris International, Inc.

     160,192        14,215,438  
     

 

 

 
Total Tobacco

 

     36,295,941  
TOTAL COMMON STOCKS
(Cost: $476,844,270)

 

     553,072,220  
EXCHANGE-TRADED FUNDS – 0.1%

 

United States – 0.1%

 

WisdomTree U.S. LargeCap Dividend Fund(a)(b)

     1,544        177,066  

WisdomTree U.S. MidCap Dividend Fund(a)(b)

     4,429        179,020  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $276,071)

 

     356,086  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $1,421,211)      1,421,211        1,421,211  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $478,541,552)

        554,849,517  

Other Assets less Liabilities – 0.1%

 

     641,299  
     

 

 

 
NET ASSETS – 100.0%             $ 555,490,816  
(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,109,510 and the total market value of the collateral held by the Fund was $6,359,670. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $4,938,459.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
   

Change in
Unrealized
Appreciation/

Depreciation

    Value at
3/31/2021
    Dividend
Income
 

WisdomTree U.S. LargeCap Dividend Fund

  $ 633,841     $ 5,297,496     $ 5,919,623     $ 25,016     $ 140,336     $ 177,066     $ 21,049  

WisdomTree U.S. MidCap Dividend Fund

    540,677       5,265,419       5,906,087       (20,782     299,793       179,020       20,341  

Total

  $ 1,174,518     $ 10,562,915     $ 11,825,710     $ 4,234     $ 440,129     $ 356,086     $ 41,390  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (concluded)

WisdomTree U.S. Dividend ex-Financials Fund (DTN)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 553,072,220      $      $      $ 553,072,220  

Exchange-Traded Funds

     356,086                      356,086  

Investment of Cash Collateral for Securities Loaned

            1,421,211               1,421,211  

Total Investments in Securities

   $ 553,428,306      $ 1,421,211      $      $ 554,849,517  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. ESG Fund (RESP)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.9%

 

Air Freight & Logistics – 1.3%

 

C.H. Robinson Worldwide, Inc.

     1,299      $ 123,963  

Expeditors International of Washington, Inc.

     1,603        172,627  

FedEx Corp.

     1,193        338,860  

United Parcel Service, Inc. Class B

     3,140        533,769  
     

 

 

 
Total Air Freight & Logistics

 

     1,169,219  
Auto Components – 0.2%

 

BorgWarner, Inc.

     3,611        167,406  
Automobiles – 0.7%

 

Ford Motor Co.*

     20,831        255,180  

General Motors Co.

     6,139        352,747  
     

 

 

 
Total Automobiles

 

     607,927  
Banks – 3.6%

 

BOK Financial Corp.

     879        78,512  

Citigroup, Inc.

     9,771        710,840  

First Horizon Corp.

     13,063        220,895  

JPMorgan Chase & Co.

     9,437        1,436,595  

KeyCorp

     13,076        261,259  

People’s United Financial, Inc.

     2,597        46,486  

Pinnacle Financial Partners, Inc.

     1,388        123,060  

Regions Financial Corp.

     12,747        263,353  

Western Alliance Bancorp

     770        72,719  
     

 

 

 
Total Banks

 

     3,213,719  
Beverages – 1.0%

 

Boston Beer Co., Inc. (The) Class A*

     74        89,265  

Constellation Brands, Inc. Class A

     969        220,932  

Keurig Dr. Pepper, Inc.

     9,292        319,366  

Molson Coors Beverage Co. Class B

     4,079        208,641  
     

 

 

 
Total Beverages

 

     838,204  
Biotechnology – 2.6%

 

AbbVie, Inc.

     4,253        460,260  

Alexion Pharmaceuticals, Inc.*

     928        141,900  

Amgen, Inc.

     1,562        388,641  

Biogen, Inc.*

     708        198,063  

BioMarin Pharmaceutical, Inc.*

     1,882        142,110  

Gilead Sciences, Inc.

     3,838        248,050  

Halozyme Therapeutics, Inc.*

     1,411        58,825  

Moderna, Inc.*

     1,226        160,545  

Neurocrine Biosciences, Inc.*

     196        19,061  

Regeneron Pharmaceuticals, Inc.*

     445        210,547  

United Therapeutics Corp.*

     633        105,882  

Vertex Pharmaceuticals, Inc.*

     777        166,969  
     

 

 

 
Total Biotechnology

 

     2,300,853  
Building Products – 0.9%

 

A.O. Smith Corp.

     1,608        108,717  

Advanced Drainage Systems, Inc.

     580        59,966  

Builders FirstSource, Inc.*

     50        2,319  

Lennox International, Inc.

     546        170,128  

Masco Corp.

     3,996        239,360  

Owens Corning

     2,755      253,708  
     

 

 

 
Total Building Products

 

     834,198  
Capital Markets – 2.9%

 

Affiliated Managers Group, Inc.

     887        132,190  

Charles Schwab Corp. (The)

     8,071        526,068  

Franklin Resources, Inc.

     8,463        250,505  

Goldman Sachs Group, Inc. (The)

     1,669        545,763  

LPL Financial Holdings, Inc.

     1,197        170,165  

MarketAxess Holdings, Inc.

     291        144,895  

Morgan Stanley

     7,475        580,508  

Morningstar, Inc.

     892        200,736  

Stifel Financial Corp.

     610        39,076  
     

 

 

 
Total Capital Markets

 

     2,589,906  
Chemicals – 0.9%

 

Mosaic Co. (The)

     6,646        210,080  

Scotts Miracle-Gro Co. (The)

     1,038        254,279  

Sherwin-Williams Co. (The)

     466        343,913  
     

 

 

 
Total Chemicals

 

     808,272  
Commercial Services & Supplies – 0.3%

 

IAA, Inc.*

     2,187        120,591  

Republic Services, Inc.

     1,853        184,096  
     

 

 

 
Total Commercial Services & Supplies

 

     304,687  
Communications Equipment – 1.7%

 

Ciena Corp.*

     3,422        187,252  

Cisco Systems, Inc.

     13,677        707,238  

F5 Networks, Inc.*

     420        87,620  

Juniper Networks, Inc.

     8,340        211,252  

Motorola Solutions, Inc.

     1,513        284,519  

Ubiquiti, Inc.

     116        34,603  
     

 

 

 
Total Communications Equipment

 

     1,512,484  
Construction & Engineering – 0.1%

 

MasTec, Inc.*

     162        15,179  

Quanta Services, Inc.

     1,223        107,600  
     

 

 

 
Total Construction & Engineering

 

     122,779  
Construction Materials – 0.1%

 

Martin Marietta Materials, Inc.

     365        122,574  
Consumer Finance – 0.9%

 

Ally Financial, Inc.

     5,523        249,695  

Capital One Financial Corp.

     2,858        363,623  

OneMain Holdings, Inc.

     2,730        146,656  
     

 

 

 
Total Consumer Finance

 

     759,974  
Containers & Packaging – 1.1%

 

AptarGroup, Inc.

     1,690        239,422  

Avery Dennison Corp.

     1,184        217,442  

Berry Global Group, Inc.*

     2,709        166,333  

Sealed Air Corp.

     3,959        181,401  

Sonoco Products Co.

     2,546        161,162  
     

 

 

 
Total Containers & Packaging

 

     965,760  
Distributors – 0.2%

 

Genuine Parts Co.

     723        83,572  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (continued)

WisdomTree U.S. ESG Fund (RESP)

March 31, 2021

 

 

 

Investments    Shares      Value  

Pool Corp.

     202      $ 69,738  
     

 

 

 
Total Distributors

 

     153,310  
Diversified Consumer Services – 0.1%

 

Chegg, Inc.*

     514        44,029  

Service Corp. International

     1,373        70,092  
     

 

 

 
Total Diversified Consumer Services

 

     114,121  
Diversified Financial Services – 0.3%

 

Voya Financial, Inc.

     3,776        240,305  
Diversified Telecommunication Services – 2.1%

 

AT&T, Inc.

     28,352        858,215  

Verizon Communications, Inc.

     16,849        979,769  
     

 

 

 
Total Diversified Telecommunication Services

 

     1,837,984  
Electric Utilities – 0.6%

 

Edison International

     8,517        499,096  
Electrical Equipment – 0.1%

 

Generac Holdings, Inc.*

     288        94,306  
Electronic Equipment, Instruments & Components – 0.8%

 

Arrow Electronics, Inc.*

     2,168        240,258  

CDW Corp.

     1,009        167,242  

Keysight Technologies, Inc.*

     1,866        267,584  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     675,084  
Entertainment – 1.0%

 

Activision Blizzard, Inc.

     2,967        275,931  

Electronic Arts, Inc.

     2,172        294,023  

Roku, Inc.*

     436        142,036  

Take-Two Interactive Software, Inc.*

     384        67,853  

Zynga, Inc. Class A*

     11,067        112,994  
     

 

 

 
Total Entertainment

 

     892,837  
Equity Real Estate Investment Trusts (REITs) – 1.8%

 

Boston Properties, Inc.

     2,163        219,025  

CubeSmart

     4,460        168,722  

Extra Space Storage, Inc.

     563        74,626  

Iron Mountain, Inc.

     6,785        251,113  

Kimco Realty Corp.

     10,361        194,269  

Life Storage, Inc.

     1,493        128,323  

Public Storage

     935        230,720  

Simon Property Group, Inc.

     2,618        297,850  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     1,564,648  
Food Products – 2.8%

 

Archer-Daniels-Midland Co.

     3,577        203,889  

Campbell Soup Co.

     4,849        243,759  

Conagra Brands, Inc.

     5,751        216,237  

Darling Ingredients, Inc.*

     1,962        144,364  

General Mills, Inc.

     4,643        284,709  

Hershey Co. (The)

     1,792        283,423  

Hormel Foods Corp.

     5,015        239,617  

Ingredion, Inc.

     1,529        137,488  

J.M. Smucker Co. (The)

     1,224        154,873  

Kellogg Co.

     3,848        243,578  

Kraft Heinz Co. (The)

     4,748        189,920  

Tyson Foods, Inc. Class A

     1,601      118,954  
     

 

 

 
Total Food Products

 

     2,460,811  
Health Care Equipment & Supplies – 2.9%

 

Abbott Laboratories

     4,236        507,642  

Baxter International, Inc.

     2,837        239,273  

Becton, Dickinson and Co.

     1,073        260,900  

Danaher Corp.

     1,553        349,549  

Dentsply Sirona, Inc.

     2,327        148,486  

Edwards Lifesciences Corp.*

     2,993        250,334  

Haemonetics Corp.*

     385        42,739  

Hill-Rom Holdings, Inc.

     843        93,135  

Hologic, Inc.*

     1,574        117,074  

Masimo Corp.*

     261        59,941  

Quidel Corp.*

     87        11,130  

ResMed, Inc.

     883        171,320  

Varian Medical Systems, Inc.*

     959        169,292  

West Pharmaceutical Services, Inc.

     633        178,367  
     

 

 

 
Total Health Care Equipment & Supplies

 

     2,599,182  
Health Care Providers & Services – 3.9%

 

Amedisys, Inc.*

     330        87,381  

AmerisourceBergen Corp.

     1,613        190,447  

Anthem, Inc.

     772        277,109  

Cardinal Health, Inc.

     2,746        166,820  

Centene Corp.*

     2,009        128,395  

Cigna Corp.

     1,173        283,561  

CVS Health Corp.

     3,790        285,122  

DaVita, Inc.*

     1,354        145,921  

HCA Healthcare, Inc.

     1,060        199,640  

Henry Schein, Inc.*

     1,810        125,324  

Humana, Inc.

     565        236,876  

Laboratory Corp. of America Holdings*

     472        120,374  

McKesson Corp.

     978        190,749  

Molina Healthcare, Inc.*

     322        75,271  

Quest Diagnostics, Inc.

     1,326        170,179  

R1 RCM, Inc.*

     2,497        61,626  

UnitedHealth Group, Inc.

     1,844        686,097  

Universal Health Services, Inc. Class B

     387        51,622  
     

 

 

 
Total Health Care Providers & Services

 

     3,482,514  
Health Care Technology – 0.2%

 

Cerner Corp.

     2,116        152,098  
Hotels, Restaurants & Leisure – 1.9%

 

Chipotle Mexican Grill, Inc.*

     142        201,756  

Darden Restaurants, Inc.

     1,557        221,094  

Domino’s Pizza, Inc.

     314        115,486  

McDonald’s Corp.

     1,984        444,694  

Starbucks Corp.

     3,540        386,816  

Vail Resorts, Inc.

     465        135,622  

Yum! Brands, Inc.

     1,771        191,587  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,697,055  
Household Durables – 1.0%

 

D.R. Horton, Inc.

     1,398        124,590  

Mohawk Industries, Inc.*

     801        154,040  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. ESG Fund (RESP)

March 31, 2021

 

 

 

Investments    Shares      Value  

Newell Brands, Inc.

     6,570      $ 175,945  

PulteGroup, Inc.

     1,665        87,313  

Tempur Sealy International, Inc.

     2,275        83,174  

Toll Brothers, Inc.

     1,209        68,586  

Whirlpool Corp.

     846        186,416  
     

 

 

 
Total Household Durables

 

     880,064  
Household Products – 2.2%

 

Church & Dwight Co., Inc.

     2,571        224,577  

Clorox Co. (The)

     1,376        265,403  

Colgate-Palmolive Co.

     4,279        337,313  

Kimberly-Clark Corp.

     1,939        269,618  

Procter & Gamble Co. (The)

     6,362        861,606  
     

 

 

 
Total Household Products

 

     1,958,517  
Industrial Conglomerates – 0.5%

 

3M Co.

     2,076        400,004  
Insurance – 3.3%

 

Aflac, Inc.

     7,557        386,767  

Allstate Corp. (The)

     3,193        366,876  

Assurant, Inc.

     1,222        173,243  

Hartford Financial Services Group, Inc. (The)

     6,525        435,805  

Marsh & McLennan Cos., Inc.

     3,074        374,413  

MetLife, Inc.

     6,957        422,916  

Progressive Corp. (The)

     4,014        383,779  

Travelers Cos., Inc. (The)

     2,191        329,526  
     

 

 

 
Total Insurance

 

     2,873,325  
Interactive Media & Services – 5.1%

 

Alphabet, Inc. Class A*

     2,027        4,180,728  

Snap, Inc. Class A*(a)

     5,707        298,419  
     

 

 

 
Total Interactive Media & Services

 

     4,479,147  
Internet & Direct Marketing Retail – 4.0%

 

Amazon.com, Inc.*

     970        3,001,257  

eBay, Inc.

     4,083        250,043  

Etsy, Inc.*

     1,076        216,997  

Wayfair, Inc. Class A*(a)

     257        80,891  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     3,549,188  
IT Services – 3.4%

 

Akamai Technologies, Inc.*

     2,075        211,443  

Automatic Data Processing, Inc.

     2,150        405,210  

Black Knight, Inc.*

     1,296        95,891  

Broadridge Financial Solutions, Inc.

     954        146,057  

Cognizant Technology Solutions Corp. Class A

     3,195        249,593  

EPAM Systems, Inc.*

     440        174,544  

Gartner, Inc.*

     883        161,192  

International Business Machines Corp.

     3,223        429,497  

Jack Henry & Associates, Inc.

     726        110,149  

PayPal Holdings, Inc.*

     3,558        864,025  

VeriSign, Inc.*

     723        143,703  
     

 

 

 
Total IT Services

 

     2,991,304  
Leisure Products – 0.6%

 

Brunswick Corp.

     913        87,073  

Hasbro, Inc.

     2,207        212,137  

Mattel, Inc.*

     6,251      124,520  

YETI Holdings, Inc.*

     1,280        92,428  
     

 

 

 
Total Leisure Products

 

     516,158  
Life Sciences Tools & Services – 1.9%

 

Agilent Technologies, Inc.

     2,037        258,984  

Avantor, Inc.*

     2,084        60,290  

Bio-Rad Laboratories, Inc. Class A*

     152        86,818  

Bio-Techne Corp.

     269        102,739  

Charles River Laboratories International, Inc.*

     478        138,539  

Mettler-Toledo International, Inc.*

     177        204,557  

Pacific Biosciences of California, Inc.*

     320        10,659  

PRA Health Sciences, Inc.*

     1,187        182,003  

Repligen Corp.*

     448        87,096  

Thermo Fisher Scientific, Inc.

     940        428,997  

Waters Corp.*

     556        157,998  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,718,680  
Machinery – 2.4%

 

AGCO Corp.

     1,640        235,586  

Caterpillar, Inc.

     2,197        509,418  

Deere & Co.

     1,277        477,777  

Donaldson Co., Inc.

     1,989        115,680  

Lincoln Electric Holdings, Inc.

     1,704        209,490  

Snap-on, Inc.

     567        130,830  

Stanley Black & Decker, Inc.

     1,101        219,837  

Timken Co. (The)

     1,401        113,719  

Toro Co. (The)

     1,129        116,445  
     

 

 

 
Total Machinery

 

     2,128,782  
Media – 2.8%

 

Altice USA, Inc. Class A*

     4,370        142,156  

Charter Communications, Inc. Class A*

     653        402,914  

Comcast Corp. Class A

     16,349        884,644  

Discovery, Inc. Class A*(a)

     2,399        104,261  

Fox Corp. Class A

     3,014        108,835  

Interpublic Group of Cos., Inc. (The)

     8,575        250,390  

New York Times Co. (The) Class A

     3,488        176,563  

News Corp. Class A

     8,479        215,621  

Omnicom Group, Inc.

     2,631        195,089  
     

 

 

 
Total Media

 

     2,480,473  
Metals & Mining – 0.5%

 

Newmont Corp.

     5,165        311,294  

Reliance Steel & Aluminum Co.

     1,003        152,747  
     

 

 

 
Total Metals & Mining

 

     464,041  
Multi-Utilities – 1.4%

 

Consolidated Edison, Inc.

     7,130        533,324  

Sempra Energy

     5,088        674,567  
     

 

 

 
Total Multi-Utilities

 

     1,207,891  
Multiline Retail – 0.6%

 

Kohl’s Corp.

     2,648        157,847  

Target Corp.

     1,963        388,812  
     

 

 

 
Total Multiline Retail

 

     546,659  

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments (continued)

WisdomTree U.S. ESG Fund (RESP)

March 31, 2021

 

 

 

Investments    Shares      Value  
Pharmaceuticals – 2.1%

 

Bristol-Myers Squibb Co.

     6,086      $ 384,209  

Catalent, Inc.*

     1,154        121,528  

Eli Lilly & Co.

     2,224        415,488  

Merck & Co., Inc.

     6,224        479,808  

Pfizer, Inc.

     12,163        440,665  
     

 

 

 
Total Pharmaceuticals

 

     1,841,698  
Professional Services – 0.7%

 

Booz Allen Hamilton Holding Corp.

     2,543        204,788  

Leidos Holdings, Inc.

     2,469        237,715  

Robert Half International, Inc.

     2,508        195,800  
     

 

 

 
Total Professional Services

 

     638,303  
Real Estate Management & Development – 0.9%

 

CBRE Group, Inc. Class A*

     4,438        351,090  

eXp World Holdings, Inc.*(a)

     3,739        170,311  

Jones Lang LaSalle, Inc.*

     1,468        262,831  
     

 

 

 
Total Real Estate Management & Development

 

     784,232  
Road & Rail – 2.0%

 

AMERCO

     128        78,413  

CSX Corp.

     4,036        389,151  

JB Hunt Transport Services, Inc.

     438        73,615  

Kansas City Southern

     934        246,501  

Knight-Swift Transportation Holdings, Inc.

     374        17,986  

Norfolk Southern Corp.

     1,191        319,807  

Old Dominion Freight Line, Inc.

     623        149,775  

Union Pacific Corp.

     2,153        474,543  
     

 

 

 
Total Road & Rail

 

     1,749,791  
Semiconductors & Semiconductor Equipment – 4.9%

 

Advanced Micro Devices, Inc.*

     5,271        413,774  

Applied Materials, Inc.

     4,235        565,796  

Entegris, Inc.

     1,302        145,564  

First Solar, Inc.*

     2,851        248,892  

Intel Corp.

     12,611        807,104  

KLA Corp.

     893        295,047  

Lam Research Corp.

     653        388,692  

Maxim Integrated Products, Inc.

     2,195        200,557  

Micron Technology, Inc.*

     3,563        314,292  

QUALCOMM, Inc.

     3,931        521,211  

SunPower Corp.*

     5,352        179,024  

Teradyne, Inc.

     1,789        217,686  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     4,297,639  
Software – 11.2%

 

Adobe, Inc.*

     1,642        780,558  

Appian Corp.*(a)

     1,135        150,898  

Aspen Technology, Inc.*

     492        71,010  

Autodesk, Inc.*

     1,327        367,778  

Blackline, Inc.*

     1,211        131,272  

Cadence Design Systems, Inc.*

     1,306        178,909  

Citrix Systems, Inc.

     1,286        180,503  

Digital Turbine, Inc.*

     1,661        133,478  

Dropbox, Inc. Class A*

     4,095        109,173  

Fortinet, Inc.*

     523        96,452  

HubSpot, Inc.*

     295      133,992  

Intuit, Inc.

     1,238        474,228  

Microsoft Corp.

     17,732        4,180,674  

MicroStrategy, Inc. Class A*(a)

     108        73,310  

Nuance Communications, Inc.*

     4,307        187,957  

Oracle Corp.

     9,045        634,688  

PTC, Inc.*

     923        127,051  

RealPage, Inc.*

     571        49,791  

salesforce.com, Inc.*

     3,016        639,000  

Synopsys, Inc.*

     829        205,410  

Trade Desk, Inc. (The) Class A*

     261        170,083  

Tyler Technologies, Inc.*

     372        157,925  

VMware, Inc. Class A*

     2,383        358,522  

Workday, Inc. Class A*

     1,320        327,928  
     

 

 

 
Total Software

 

     9,920,590  
Specialty Retail – 2.2%

 

AutoNation, Inc.*

     928        86,508  

AutoZone, Inc.*

     122        171,325  

Best Buy Co., Inc.

     2,234        256,485  

GameStop Corp. Class A*

     841        159,639  

L Brands, Inc.

     3,100        191,766  

Lithia Motors, Inc. Class A

     323        125,999  

Lowe’s Cos., Inc.

     2,340        445,021  

O’Reilly Automotive, Inc.*

     184        93,334  

Tractor Supply Co.

     1,163        205,944  

Williams-Sonoma, Inc.

     1,135        203,392  
     

 

 

 
Total Specialty Retail

 

     1,939,413  
Technology Hardware, Storage & Peripherals – 6.8%

 

Apple, Inc.

     39,434        4,816,863  

Hewlett Packard Enterprise Co.

     21,351        336,065  

HP, Inc.

     12,042        382,333  

NetApp, Inc.

     3,250        236,178  

Western Digital Corp.

     3,019        201,518  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     5,972,957  
Textiles, Apparel & Luxury Goods – 1.1%

 

Deckers Outdoor Corp.*

     523        172,810  

Hanesbrands, Inc.

     6,700        131,789  

NIKE, Inc. Class B

     4,243        563,852  

Tapestry, Inc.

     3,318        136,735  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     1,005,186  
Trading Companies & Distributors – 0.6%

 

United Rentals, Inc.*

     801        263,777  

W.W. Grainger, Inc.

     707        283,457  

Watsco, Inc.

     1        261  
     

 

 

 
Total Trading Companies & Distributors

 

     547,495  
Water Utilities – 0.7%

 

American Water Works Co., Inc.

     4,081        611,824  

TOTAL COMMON STOCKS

(Cost: $65,578,110)

 

 

     88,284,674  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. ESG Fund (RESP)

March 31, 2021

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%

 

United States – 0.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(b)

     
(Cost: $75,660)      75,660      $ 75,660  

TOTAL INVESTMENTS IN SECURITIES – 100.0%

(Cost: $65,653,770)

 

 

     88,360,334  

Other Assets less Liabilities – 0.0%

 

     14,113  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 88,374,447  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $682,383 and the total market value of the collateral held by the Fund was $705,272. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $629,612.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 88,284,674      $      $      $ 88,284,674  

Investment of Cash Collateral for Securities Loaned

            75,660               75,660  

Total Investments in Securities

   $ 88,284,674      $ 75,660      $      $ 88,360,334  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

United States – 99.7%

 

Banks – 11.3%

 

ACNB Corp.

     627      $ 18,371  

American National Bankshares, Inc.

     1,747        57,773  

Arrow Financial Corp.

     2,241        74,648  

Associated Banc-Corp.

     29,946        639,048  

Atlantic Union Bankshares Corp.

     10,919        418,853  

Bank of Hawaii Corp.

     5,836        522,264  

Bank OZK

     19,780        808,013  

Banner Corp.

     5,760        307,181  

Bar Harbor Bankshares

     2,118        62,312  

Brookline Bancorp, Inc.

     13,710        205,650  

Bryn Mawr Bank Corp.

     3,248        147,816  

Camden National Corp.

     2,357        112,806  

Cathay General Bancorp

     14,044        572,714  

Central Pacific Financial Corp.

     6,910        184,359  

Citigroup, Inc.

     317,939        23,130,062  

Citizens & Northern Corp.

     3,681        87,534  

City Holding Co.(a)

     3,200        261,696  

CNB Financial Corp.

     2,389        58,793  

Columbia Banking System, Inc.

     10,625        457,831  

Community Trust Bancorp, Inc.

     3,322        146,268  

Cullen/Frost Bankers, Inc.

     9,027        981,777  

CVB Financial Corp.

     21,378        472,240  

Dime Community Bancshares, Inc.

     6,429        193,770  

Farmers National Banc Corp.

     5,499        91,833  

Fifth Third Bancorp

     123,584        4,628,221  

Financial Institutions, Inc.

     3,333        100,957  

First Bancorp, Inc. (The)

     2,454        71,632  

First Busey Corp.

     9,575        245,599  

First Commonwealth Financial Corp.

     17,939        257,783  

First Community Bankshares, Inc.

     3,745        112,313  

First Financial Bancorp

     22,801        547,224  

First Hawaiian, Inc.

     25,954        710,361  

First Horizon Corp.

     114,339        1,933,472  

First Interstate BancSystem, Inc. Class A

     6,742        310,402  

First of Long Island Corp. (The)

     4,160        88,400  

Flushing Financial Corp.

     8,119        172,366  

Fulton Financial Corp.

     27,599        470,011  

HBT Financial, Inc.

     6,775        115,988  

Heritage Commerce Corp.

     16,615        203,035  

Heritage Financial Corp.(a)

     5,062        142,951  

Hope Bancorp, Inc.

     28,135        423,713  

Horizon Bancorp, Inc.

     6,087        113,096  

Independent Bank Corp.

     4,680        110,635  

International Bancshares Corp.

     8,832        409,981  

Investors Bancorp, Inc.(a)

     51,820        761,236  

Lakeland Bancorp, Inc.

     8,237        143,571  

M&T Bank Corp.

     19,707        2,987,778  

Macatawa Bank Corp.

     8,788        87,441  

Mercantile Bank Corp.

     3,011        97,767  

Midland States Bancorp, Inc.

     6,005        166,579  

MidWestOne Financial Group, Inc.

     2,668        82,628  

NBT Bancorp, Inc.

     6,597      263,220  

Norwood Financial Corp.

     646        17,190  

OceanFirst Financial Corp.

     10,632        254,530  

Old National Bancorp

     24,430        472,476  

Pacific Premier Bancorp, Inc.

     15,605        677,881  

Park National Corp.(a)

     2,873        371,479  

People’s United Financial, Inc.

     103,883        1,859,506  

Peoples Bancorp, Inc.

     4,874        161,671  

Peoples Financial Services Corp.

     969        40,931  

Primis Financial Corp.

     4,244        61,708  

Regions Financial Corp.

     168,718        3,485,714  

Sandy Spring Bancorp, Inc.(a)

     7,630        331,371  

Sierra Bancorp

     2,961        79,355  

Simmons First National Corp. Class A(a)

     15,548        461,309  

Southside Bancshares, Inc.

     6,108        235,219  

Synovus Financial Corp.

     26,175        1,197,506  

Tompkins Financial Corp.(a)

     2,006        165,896  

Truist Financial Corp.

     227,513        13,268,558  

Trustmark Corp.

     9,139        307,619  

U.S. Bancorp

     243,288        13,456,259  

Umpqua Holdings Corp.

     54,966        964,653  

United Bankshares, Inc.

     25,994        1,002,848  

Univest Financial Corp.

     5,557        158,875  

Valley National Bancorp

     80,404        1,104,751  

Washington Trust Bancorp, Inc.

     3,603        186,023  

Webster Financial Corp.

     15,479        853,048  

WesBanco, Inc.

     12,777        460,739  

West Bancorp, Inc.

     4,580        110,332  
     

 

 

 
Total Banks

 

     87,519,419  
Beverages – 4.0%

 

Coca-Cola Co. (The)

     582,728        30,715,593  
Biotechnology – 7.1%

 

AbbVie, Inc.

     362,072        39,183,432  

Gilead Sciences, Inc.

     247,276        15,981,448  
     

 

 

 
Total Biotechnology

 

     55,164,880  
Capital Markets – 2.2%

 

Ares Management Corp. Class A

     31,292        1,753,291  

Artisan Partners Asset Management, Inc. Class A

     27,927        1,456,952  

B. Riley Financial, Inc.

     6,854        386,429  

Blackstone Group, Inc. (The) Class A

     100,474        7,488,327  

Federated Hermes, Inc. Class B

     16,040        502,052  

Franklin Resources, Inc.

     98,729        2,922,378  

GCM Grosvenor, Inc. Class A(a)

     65,478        779,188  

Moelis & Co. Class A

     12,640        693,683  

Virtu Financial, Inc. Class A

     22,488        698,252  
     

 

 

 
Total Capital Markets

 

     16,680,552  
Chemicals – 1.7%

 

Cabot Corp.

     8,486        445,006  

Chemours Co. (The)

     27,139        757,449  

Dow, Inc.

     169,585        10,843,265  

Kronos Worldwide, Inc.

     25,192        385,438  

Olin Corp.

     23,170        879,765  
     

 

 

 
Total Chemicals

 

     13,310,923  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2021

 

 

 

Investments    Shares      Value  
Commercial Services & Supplies – 0.2%

 

ACCO Brands Corp.

     12,757      $ 107,669  

Deluxe Corp.

     8,101        339,918  

Ennis, Inc.

     6,113        130,512  

Healthcare Services Group, Inc.

     10,927        306,284  

HNI Corp.

     6,312        249,703  

NL Industries, Inc.

     5,768        42,971  

Pitney Bowes, Inc.(a)

     26,066        214,784  

Steelcase, Inc. Class A

     12,364        177,918  
     

 

 

 
Total Commercial Services & Supplies

 

     1,569,759  
Communications Equipment – 4.2%

 

Cisco Systems, Inc.

     605,608        31,315,990  

Juniper Networks, Inc.

     53,174        1,346,897  
     

 

 

 
Total Communications Equipment

 

     32,662,887  
Consumer Finance – 0.3%

 

Navient Corp.

     54,782        783,931  

OneMain Holdings, Inc.

     24,456        1,313,776  
     

 

 

 
Total Consumer Finance

 

     2,097,707  
Containers & Packaging – 0.6%

 

Greif, Inc. Class B(a)

     5,385        308,237  

International Paper Co.

     72,969        3,945,434  

Myers Industries, Inc.

     4,871        96,251  
     

 

 

 
Total Containers & Packaging

 

     4,349,922  
Diversified Consumer Services – 0.2%

 

H&R Block, Inc.

     55,491        1,209,704  
Diversified Telecommunication Services – 10.6%

 

AT&T, Inc.

     1,241,638        37,584,382  

Cogent Communications Holdings, Inc.

     10,384        714,004  

Lumen Technologies, Inc.

     474,040        6,328,434  

Verizon Communications, Inc.

     638,003        37,099,874  
     

 

 

 
Total Diversified Telecommunication Services

 

     81,726,694  
Electric Utilities – 8.8%

 

ALLETE, Inc.

     9,507        638,775  

American Electric Power Co., Inc.

     78,139        6,618,373  

Avangrid, Inc.

     53,589        2,669,268  

Duke Energy Corp.

     136,778        13,203,180  

Edison International

     67,910        3,979,526  

Entergy Corp.

     32,556        3,238,345  

Evergy, Inc.

     38,758        2,307,264  

Exelon Corp.

     159,415        6,972,812  

FirstEnergy Corp.

     122,694        4,256,255  

Genie Energy Ltd. Class B(a)

     6,877        43,600  

Hawaiian Electric Industries, Inc.

     16,796        746,246  

NRG Energy, Inc.

     38,785        1,463,358  

OGE Energy Corp.

     43,971        1,422,902  

Otter Tail Corp.

     5,938        274,158  

Pinnacle West Capital Corp.

     20,697        1,683,701  

Portland General Electric Co.

     15,654        743,095  

PPL Corp.

     199,983        5,767,510  

Southern Co. (The)

     197,243        12,260,625  
     

 

 

 
Total Electric Utilities

 

     68,288,993  
Electrical Equipment – 0.0%

 

Powell Industries, Inc.(a)

     1,765      59,781  
Energy Equipment & Services – 0.3%

 

Archrock, Inc.

     42,675        404,986  

Baker Hughes Co.

     96,063        2,075,921  
     

 

 

 
Total Energy Equipment & Services

 

     2,480,907  
Equity Real Estate Investment Trusts (REITs) – 5.0%

 

Agree Realty Corp.

     3,131        210,748  

Alexander’s, Inc.

     494        136,986  

American Assets Trust, Inc.

     3,042        98,682  

American Campus Communities, Inc.

     9,582        413,655  

Armada Hoffler Properties, Inc.

     4,498        56,405  

AvalonBay Communities, Inc.

     8,852        1,633,282  

Bluerock Residential Growth REIT, Inc.

     2,660        26,893  

Boston Properties, Inc.

     9,904        1,002,879  

Brandywine Realty Trust

     17,438        225,125  

Brixmor Property Group, Inc.

     26,155        529,116  

Brookfield Property REIT, Inc. Class A

     5,582        100,197  

BRT Apartments Corp.

     1,090        18,356  

Camden Property Trust

     5,291        581,534  

CareTrust REIT, Inc.

     7,113        165,626  

CatchMark Timber Trust, Inc. Class A

     3,912        39,824  

Centerspace

     1,045        71,060  

Columbia Property Trust, Inc.

     10,465        178,951  

Community Healthcare Trust, Inc.

     1,396        64,383  

CoreSite Realty Corp.

     4,129        494,861  

Corporate Office Properties Trust

     8,123        213,879  

Cousins Properties, Inc.

     8,305        293,582  

Crown Castle International Corp.

     23,353        4,019,752  

CubeSmart

     18,970        717,635  

Douglas Emmett, Inc.

     9,857        309,510  

Easterly Government Properties, Inc.

     6,696        138,808  

Equity Residential

     24,631        1,764,318  

Essential Properties Realty Trust, Inc.

     7,793        177,914  

Essex Property Trust, Inc.

     3,606        980,255  

Extra Space Storage, Inc.

     10,190        1,350,684  

Four Corners Property Trust, Inc.

     8,012        219,529  

Gaming and Leisure Properties, Inc.

     31,378        1,331,369  

Getty Realty Corp.

     6,040        171,053  

Gladstone Commercial Corp.

     3,859        75,482  

Gladstone Land Corp.

     1,925        35,227  

Global Medical REIT, Inc.

     4,772        62,561  

Healthcare Realty Trust, Inc.

     12,952        392,705  

Healthcare Trust of America, Inc. Class A

     16,878        465,495  

Healthpeak Properties, Inc.

     43,362        1,376,310  

Highwoods Properties, Inc.

     7,816        335,619  

Hudson Pacific Properties, Inc.

     9,299        252,282  

Independence Realty Trust, Inc.

     6,140        93,328  

Industrial Logistics Properties Trust

     9,597        221,979  

Iron Mountain, Inc.

     37,896        1,402,531  

iStar, Inc.(a)

     3,760        66,853  

Kimco Realty Corp.

     29,387        551,006  

Lexington Realty Trust

     27,999        311,069  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Life Storage, Inc.

     4,456      $ 382,993  

LTC Properties, Inc.

     3,962        165,295  

Medical Properties Trust, Inc.

     45,112        959,983  

Monmouth Real Estate Investment Corp.

     6,448        114,065  

National Health Investors, Inc.

     4,533        327,645  

National Retail Properties, Inc.

     14,714        648,446  

National Storage Affiliates Trust

     6,619        264,297  

NETSTREIT Corp.

     1,842        34,059  

New Senior Investment Group, Inc.

     6,542        40,757  

Office Properties Income Trust(a)

     6,907        190,081  

One Liberty Properties, Inc.

     2,571        57,256  

Paramount Group, Inc.

     14,794        149,863  

Physicians Realty Trust

     16,678        294,700  

Piedmont Office Realty Trust, Inc. Class A

     10,871        188,829  

Plymouth Industrial REIT, Inc.

     2,750        46,337  

PotlatchDeltic Corp.

     5,134        271,691  

Public Storage

     15,373        3,793,441  

Rayonier, Inc.

     7,354        237,166  

Realty Income Corp.

     26,389        1,675,701  

Retail Value, Inc.

     2,083        38,973  

Sabra Health Care REIT, Inc.

     21,995        381,833  

Saul Centers, Inc.

     2,223        89,165  

SL Green Realty Corp.

     6,674        467,113  

Spirit Realty Capital, Inc.

     11,071        470,517  

STAG Industrial, Inc.

     11,806        396,800  

STORE Capital Corp.

     18,813        630,235  

UDR, Inc.

     18,066        792,375  

UMH Properties, Inc.

     2,934        56,245  

Uniti Group, Inc.

     20,056        221,218  

Universal Health Realty Income Trust

     738        50,022  

Urstadt Biddle Properties, Inc. Class A

     2,247        37,413  

VICI Properties, Inc.(a)

     44,640        1,260,634  

Washington Real Estate Investment Trust

     6,764        149,484  

Weingarten Realty Investors

     6,915        186,083  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     38,450,013  
Food & Staples Retailing – 0.0%

 

SpartanNash Co.(a)

     6,911        135,663  

Village Super Market, Inc. Class A

     2,089        49,238  
     

 

 

 
Total Food & Staples Retailing

 

     184,901  
Food Products – 3.9%

 

B&G Foods, Inc.

     27,280        847,317  

Flowers Foods, Inc.

     49,793        1,185,073  

General Mills, Inc.

     138,966        8,521,395  

Ingredion, Inc.

     9,353        841,022  

J.M. Smucker Co. (The)

     23,578        2,983,324  

Kellogg Co.

     83,388        5,278,461  

Kraft Heinz Co. (The)

     252,886        10,115,440  
     

 

 

 
Total Food Products

 

     29,772,032  
Gas Utilities – 0.6%

 

National Fuel Gas Co.

     16,238        811,738  

New Jersey Resources Corp.

     16,991        677,431  

Northwest Natural Holding Co.

     5,257        283,615  

South Jersey Industries, Inc.(a)

     22,941        518,008  

Southwest Gas Holdings, Inc.

     8,825      606,366  

Spire, Inc.

     9,098        672,251  

UGI Corp.

     34,030        1,395,570  
     

 

 

 
Total Gas Utilities

 

     4,964,979  
Health Care Providers & Services – 0.4%

 

Cardinal Health, Inc.

     46,233        2,808,655  

National HealthCare Corp.

     2,019        157,300  

Patterson Cos., Inc.

     14,002        447,364  
     

 

 

 
Total Health Care Providers & Services

 

     3,413,319  
Household Durables – 0.5%

 

Ethan Allen Interiors, Inc.

     6,012        165,991  

Leggett & Platt, Inc.

     22,628        1,032,968  

MDC Holdings, Inc.(a)

     10,279        610,573  

Newell Brands, Inc.

     83,639        2,239,852  
     

 

 

 
Total Household Durables

 

     4,049,384  
Household Products – 1.3%

 

Kimberly-Clark Corp.

     70,734        9,835,563  
Independent Power & Renewable Electricity Producers – 0.0%

 

Clearway Energy, Inc. Class A

     10,082        267,274  
Industrial Conglomerates – 3.2%

 

3M Co.

     128,970        24,849,940  
Insurance – 2.5%

 

American National Group, Inc.

     4,465        481,640  

CNA Financial Corp.

     46,980        2,096,717  

Donegal Group, Inc. Class A

     6,907        102,638  

FBL Financial Group, Inc. Class A(a)

     3,996        223,456  

Fidelity National Financial, Inc.

     49,776        2,023,892  

First American Financial Corp.

     17,530        993,075  

Mercury General Corp.

     19,772        1,202,335  

MetLife, Inc.

     154,679        9,402,936  

Old Republic International Corp.

     60,131        1,313,261  

Safety Insurance Group, Inc.

     4,507        379,715  

Unum Group

     43,972        1,223,741  
     

 

 

 
Total Insurance

 

     19,443,406  
Internet & Direct Marketing Retail – 0.0%

 

PetMed Express, Inc.(a)

     3,337        117,379  
IT Services – 3.8%

 

International Business Machines Corp.

     206,229        27,482,077  

Western Union Co. (The)

     73,787        1,819,587  
     

 

 

 
Total IT Services

 

     29,301,664  
Leisure Products – 0.0%

 

Sturm Ruger & Co., Inc.(a)

     4,107        271,349  
Media – 0.7%

 

Interpublic Group of Cos., Inc. (The)

     73,518        2,146,726  

John Wiley & Sons, Inc. Class A

     6,442        349,156  

Omnicom Group, Inc.

     38,100        2,825,115  
     

 

 

 
Total Media

 

     5,320,997  
Metals & Mining – 0.1%

 

Compass Minerals International, Inc.(a)

     10,536        660,818  

Haynes International, Inc.

     2,027        60,141  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Kaiser Aluminum Corp.

     1,935      $ 213,818  

SunCoke Energy, Inc.

     17,415        122,079  
     

 

 

 
Total Metals & Mining

 

     1,056,856  
Multi-Utilities – 3.5%

 

Avista Corp.

     12,533        598,451  

Black Hills Corp.(a)

     10,502        701,218  

Consolidated Edison, Inc.

     61,641        4,610,747  

Dominion Energy, Inc.

     121,132        9,201,187  

DTE Energy Co.

     29,337        3,905,928  

MDU Resources Group, Inc.

     45,238        1,429,973  

NiSource, Inc.

     61,788        1,489,709  

NorthWestern Corp.

     9,578        624,486  

Public Service Enterprise Group, Inc.

     77,449        4,663,204  

Unitil Corp.

     2,252        102,894  
     

 

 

 
Total Multi-Utilities

 

     27,327,797  
Multiline Retail – 0.0%

 

Franchise Group, Inc.

     6,662        240,565  
Oil, Gas & Consumable Fuels – 0.6%

 

Antero Midstream Corp.(a)

     302,117        2,728,116  

Diamondback Energy, Inc.

     20,791        1,527,931  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     4,256,047  
Paper & Forest Products – 0.1%

 

Glatfelter Corp.

     6,396        109,691  

Neenah, Inc.

     2,612        134,205  

Schweitzer-Mauduit International, Inc.

     6,370        311,939  

Verso Corp. Class A

     5,155        75,211  
     

 

 

 
Total Paper & Forest Products

 

     631,046  
Pharmaceuticals – 4.3%

 

Pfizer, Inc.

     906,310        32,835,611  
Professional Services – 0.0%

 

Resources Connection, Inc.(a)

     6,522        88,308  
Real Estate Management & Development – 0.0%

 

Kennedy-Wilson Holdings, Inc.

     11,474        231,889  

RMR Group, Inc. (The) Class A

     1,158        47,258  
     

 

 

 
Total Real Estate Management & Development

 

     279,147  
Road & Rail – 0.1%

 

Ryder System, Inc.

     12,736        963,478  
Semiconductors & Semiconductor Equipment – 3.4%

 

Broadcom, Inc.

     57,160        26,502,806  

NVE Corp.(a)

     1,590        111,459  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     26,614,265  
Specialty Retail – 0.2%

 

Big 5 Sporting Goods Corp.(a)

     6,996        109,837  

Buckle, Inc. (The)

     8,015        314,829  

Haverty Furniture Cos., Inc.

     3,757        139,723  

Rent-A-Center, Inc.

     12,223        704,778  
     

 

 

 
Total Specialty Retail

 

     1,269,167  
Technology Hardware, Storage & Peripherals – 1.2%

 

HP, Inc.

     203,044        6,446,647  

NetApp, Inc.

     30,392        2,208,587  

Xerox Holdings Corp.

     38,383      931,555  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     9,586,789  
Textiles, Apparel & Luxury Goods – 0.3%

 

Hanesbrands, Inc.(a)

     66,088        1,299,951  

Kontoor Brands, Inc.

     13,739        666,754  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     1,966,705  
Thrifts & Mortgage Finance – 0.7%

 

Capitol Federal Financial, Inc.

     25,619        339,324  

Federal Agricultural Mortgage Corp. Class C

     1,710        172,231  

New York Community Bancorp, Inc.

     136,202        1,718,869  

Northfield Bancorp, Inc.

     8,110        129,111  

Northwest Bancshares, Inc.

     34,380        496,791  

Premier Financial Corp.

     6,082        202,287  

Provident Financial Services, Inc.

     18,595        414,297  

Territorial Bancorp, Inc.

     1,566        41,436  

TFS Financial Corp.

     78,624        1,601,571  

TrustCo Bank Corp.

     18,492        136,286  

Washington Federal, Inc.

     11,242        346,254  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     5,598,457  
Tobacco – 11.3%

 

Altria Group, Inc.

     895,397        45,808,511  

Philip Morris International, Inc.

     452,972        40,196,735  

Universal Corp.

     6,749        398,124  

Vector Group Ltd.

     64,674        902,202  
     

 

 

 
Total Tobacco

 

     87,305,572  
Trading Companies & Distributors – 0.4%

 

H&E Equipment Services, Inc.

     6,132        233,016  

MSC Industrial Direct Co., Inc. Class A

     6,946        626,460  

Watsco, Inc.

     7,024        1,831,508  
     

 

 

 
Total Trading Companies & Distributors

 

     2,690,984  
Wireless Telecommunication Services – 0.1%

 

Telephone & Data Systems, Inc.

     17,070        391,927  

TOTAL COMMON STOCKS

(Cost: $697,829,049)

 

 

     771,182,642  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%

 

United States – 0.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(b)

     
(Cost: $208,513)      208,513        208,513  

TOTAL INVESTMENTS IN SECURITIES – 99.7%

(Cost: $698,037,562)

 

 

     771,391,155  

Other Assets less Liabilities – 0.3%

 

     2,643,312  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 774,034,467  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,753,014 and the total market value of the collateral held by the Fund was $7,015,149. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,806,636.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (concluded)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2021

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
   

Change in
Unrealized
Appreciation/

Depreciation

    Value at
3/31/2021
    Dividend
Income
 

WisdomTree U.S. Total Dividend Fund^

  $ 3,007,801     $ 17,950,349     $ 21,430,776     $ 829,765     $ (357,139   $     $ 67,353  
^ 

As of March 31, 2021, the Fund did not hold a position in this affiliate.

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 771,182,642      $      $      $ 771,182,642  

Investment of Cash Collateral for Securities Loaned

            208,513               208,513  

Total Investments in Securities

   $ 771,182,642      $ 208,513      $      $ 771,391,155  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%

 

United States – 99.6%

 

Aerospace & Defense – 1.2%

 

General Dynamics Corp.

     42,806      $ 7,771,857  

L3Harris Technologies, Inc.

     21,543        4,366,335  

Lockheed Martin Corp.

     42,816        15,820,512  

Northrop Grumman Corp.

     18,034        5,836,524  
     

 

 

 
Total Aerospace & Defense

 

     33,795,228  
Air Freight & Logistics – 1.0%

 

C.H. Robinson Worldwide, Inc.

     12,998        1,240,399  

Expeditors International of Washington, Inc.

     12,691        1,366,694  

FedEx Corp.

     13,505        3,835,960  

United Parcel Service, Inc. Class B

     135,799        23,084,472  
     

 

 

 
Total Air Freight & Logistics

 

     29,527,525  
Banks – 6.8%

 

Bank of America Corp.

     1,154,106        44,652,361  

Citigroup, Inc.

     380,115        27,653,366  

Fifth Third Bancorp

     140,529        5,262,811  

First Republic Bank

     6,956        1,159,913  

JPMorgan Chase & Co.

     489,227        74,475,026  

M&T Bank Corp.

     21,868        3,315,408  

Regions Financial Corp.

     220,079        4,546,832  

Truist Financial Corp.

     269,859        15,738,177  

U.S. Bancorp

     291,343        16,114,181  
     

 

 

 
Total Banks

 

     192,918,075  
Beverages – 3.3%

 

Brown-Forman Corp. Class B

     32,608        2,248,974  

Coca-Cola Co. (The)

     709,912        37,419,462  

Constellation Brands, Inc. Class A

     14,427        3,289,356  

Keurig Dr. Pepper, Inc.

     156,963        5,394,818  

PepsiCo, Inc.

     310,090        43,862,230  
     

 

 

 
Total Beverages

 

     92,214,840  
Biotechnology – 3.2%

 

AbbVie, Inc.

     463,177        50,125,015  

Amgen, Inc.

     86,294        21,470,810  

Gilead Sciences, Inc.

     301,836        19,507,661  
     

 

 

 
Total Biotechnology

 

     91,103,486  
Building Products – 0.1%

 

Carrier Global Corp.

     32,879        1,388,151  

Fortune Brands Home & Security, Inc.

     5,497        526,723  

Masco Corp.

     9,554        572,285  
     

 

 

 
Total Building Products

 

     2,487,159  
Capital Markets – 4.2%

 

Ameriprise Financial, Inc.

     15,045        3,497,210  

Bank of New York Mellon Corp. (The)

     147,885        6,993,482  

BlackRock, Inc.

     25,791        19,445,382  

Blackstone Group, Inc. (The) Class A

     125,753        9,372,371  

Charles Schwab Corp. (The)

     144,825        9,439,694  

CME Group, Inc.

     34,688        7,084,330  

FactSet Research Systems, Inc.

     1,412        435,729  

Goldman Sachs Group, Inc. (The)

     39,330        12,860,910  

Intercontinental Exchange, Inc.

     35,393      3,952,690  

KKR & Co., Inc. Class A

     47,916        2,340,697  

MarketAxess Holdings, Inc.

     1,289        641,819  

Moody’s Corp.

     13,190        3,938,666  

Morgan Stanley

     217,605        16,899,204  

MSCI, Inc.

     3,898        1,634,353  

Nasdaq, Inc.

     18,408        2,714,444  

Northern Trust Corp.

     33,335        3,503,842  

Raymond James Financial, Inc.

     8,900        1,090,784  

S&P Global, Inc.

     15,778        5,567,583  

T. Rowe Price Group, Inc.

     41,308        7,088,453  
     

 

 

 
Total Capital Markets

 

     118,501,643  
Chemicals – 1.7%

 

Air Products & Chemicals, Inc.

     24,633        6,930,248  

Albemarle Corp.

     4,369        638,355  

Celanese Corp.

     13,819        2,070,224  

Corteva, Inc.

     60,857        2,837,153  

Dow, Inc.

     209,956        13,424,587  

DuPont de Nemours, Inc.

     74,622        5,766,788  

Eastman Chemical Co.

     16,025        1,764,673  

Ecolab, Inc.

     14,146        3,028,234  

FMC Corp.

     8,171        903,794  

International Flavors & Fragrances, Inc.

     16,267        2,271,036  

PPG Industries, Inc.

     20,878        3,137,128  

RPM International, Inc.

     15,209        1,396,947  

Sherwin-Williams Co. (The)

     5,780        4,265,698  
     

 

 

 
Total Chemicals

 

     48,434,865  
Commercial Services & Supplies – 0.5%

 

Cintas Corp.

     7,676        2,619,896  

Republic Services, Inc.

     46,681        4,637,757  

Rollins, Inc.

     16,189        557,225  

Waste Management, Inc.

     44,845        5,785,902  
     

 

 

 
Total Commercial Services & Supplies

 

     13,600,780  
Communications Equipment – 1.5%

 

Cisco Systems, Inc.

     738,505        38,188,094  

Motorola Solutions, Inc.

     15,852        2,980,969  

Ubiquiti, Inc.

     1,055        314,706  
     

 

 

 
Total Communications Equipment

 

     41,483,769  
Construction Materials – 0.1%

 

Martin Marietta Materials, Inc.

     2,955        992,348  

Vulcan Materials Co.

     7,039        1,187,831  
     

 

 

 
Total Construction Materials

 

     2,180,179  
Consumer Finance – 0.6%

 

American Express Co.

     63,653        9,003,080  

Discover Financial Services

     35,842        3,404,632  

Synchrony Financial

     92,911        3,777,761  
     

 

 

 
Total Consumer Finance

 

     16,185,473  
Containers & Packaging – 0.4%

 

Avery Dennison Corp.

     9,290        1,706,108  

Ball Corp.

     17,640        1,494,814  

International Paper Co.

     93,744        5,068,738  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2021

 

 

 

Investments    Shares      Value  

Packaging Corp. of America

     15,727      $ 2,114,967  
     

 

 

 
Total Containers & Packaging

 

     10,384,627  
Distributors – 0.1%

 

Genuine Parts Co.

     26,766        3,093,882  

Pool Corp.

     1,470        507,503  
     

 

 

 
Total Distributors

 

     3,601,385  
Diversified Telecommunication Services – 5.8%

 

AT&T, Inc.

     2,541,397        76,928,087  

Lumen Technologies, Inc.

     549,033        7,329,591  

Verizon Communications, Inc.

     1,372,397        79,804,885  
     

 

 

 
Total Diversified Telecommunication Services

 

     164,062,563  
Electric Utilities – 3.9%

 

Alliant Energy Corp.

     53,595        2,902,705  

American Electric Power Co., Inc.

     91,577        7,756,572  

Avangrid, Inc.

     70,444        3,508,816  

Duke Energy Corp.

     168,524        16,267,622  

Edison International

     77,816        4,560,018  

Entergy Corp.

     40,572        4,035,697  

Evergy, Inc.

     44,487        2,648,311  

Eversource Energy

     48,789        4,224,639  

Exelon Corp.

     199,183        8,712,264  

FirstEnergy Corp.

     145,981        5,064,081  

NextEra Energy, Inc.

     299,685        22,659,183  

PPL Corp.

     232,852        6,715,452  

Southern Co. (The)

     243,155        15,114,515  

Xcel Energy, Inc.

     107,246        7,132,931  
     

 

 

 
Total Electric Utilities

 

     111,302,806  
Electrical Equipment – 0.4%

 

AMETEK, Inc.

     8,844        1,129,644  

Emerson Electric Co.

     81,457        7,349,051  

Rockwell Automation, Inc.

     15,807        4,195,810  
     

 

 

 
Total Electrical Equipment

 

     12,674,505  
Electronic Equipment, Instruments & Components – 0.3%

 

Amphenol Corp. Class A

     42,559        2,807,617  

CDW Corp.

     9,545        1,582,084  

Corning, Inc.

     107,913        4,695,295  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     9,084,996  
Energy Equipment & Services – 0.1%

 

Baker Hughes Co.

     111,321        2,405,647  

Halliburton Co.

     56,020        1,202,189  
     

 

 

 
Total Energy Equipment & Services

 

     3,607,836  
Entertainment – 0.2%

 

Activision Blizzard, Inc.

     33,287        3,095,691  

Electronic Arts, Inc.

     9,752        1,320,128  
     

 

 

 
Total Entertainment

 

     4,415,819  
Equity Real Estate Investment Trusts (REITs) – 3.9%

 

Alexandria Real Estate Equities, Inc.

     25,058        4,117,029  

American Tower Corp.

     48,324        11,552,335  

AvalonBay Communities, Inc.

     27,547        5,082,697  

Boston Properties, Inc.

     29,961        3,033,851  

Crown Castle International Corp.

     79,373      13,662,475  

Digital Realty Trust, Inc.

     49,394        6,956,651  

Duke Realty Corp.

     46,146        1,934,902  

Equinix, Inc.

     7,732        5,254,590  

Equity Residential

     76,760        5,498,319  

Essex Property Trust, Inc.

     10,763        2,925,814  

Extra Space Storage, Inc.

     31,320        4,151,466  

Healthpeak Properties, Inc.

     143,933        4,568,433  

Invitation Homes, Inc.

     57,534        1,840,513  

Mid-America Apartment Communities, Inc.

     21,348        3,081,797  

Prologis, Inc.

     95,702        10,144,412  

Public Storage

     49,698        12,263,479  

Realty Income Corp.

     82,693        5,251,006  

SBA Communications Corp.

     4,871        1,351,946  

Sun Communities, Inc.

     11,094        1,664,544  

VICI Properties, Inc.(a)

     137,052        3,870,348  

Weyerhaeuser Co.

     76,764        2,732,798  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     110,939,405  
Food & Staples Retailing – 2.1%

 

Costco Wholesale Corp.

     26,448        9,322,391  

Kroger Co. (The)

     140,606        5,060,410  

Walmart, Inc.

     334,992        45,501,963  
     

 

 

 
Total Food & Staples Retailing

 

     59,884,764  
Food Products – 2.3%

 

Archer-Daniels-Midland Co.

     91,170        5,196,690  

Campbell Soup Co.

     66,053        3,320,484  

Conagra Brands, Inc.

     86,960        3,269,696  

General Mills, Inc.

     163,765        10,042,070  

Hershey Co. (The)

     23,728        3,752,821  

Hormel Foods Corp.

     65,333        3,121,611  

J.M. Smucker Co. (The)

     26,197        3,314,706  

Kellogg Co.

     96,690        6,120,477  

Kraft Heinz Co. (The)

     314,085        12,563,400  

McCormick & Co., Inc. Non-Voting Shares

     27,539        2,455,377  

Mondelez International, Inc. Class A

     172,006        10,067,511  

Tyson Foods, Inc. Class A

     40,697        3,023,787  
     

 

 

 
Total Food Products

 

     66,248,630  
Gas Utilities – 0.1%

 

Atmos Energy Corp.

     14,295        1,413,061  
Health Care Equipment & Supplies – 1.3%

 

Abbott Laboratories

     129,750        15,549,240  

Baxter International, Inc.

     36,918        3,113,664  

Becton, Dickinson and Co.

     20,705        5,034,421  

Danaher Corp.

     13,380        3,011,570  

ResMed, Inc.

     10,108        1,961,154  

Stryker Corp.

     20,975        5,109,091  

Teleflex, Inc.

     1,103        458,252  

West Pharmaceutical Services, Inc.

     660        185,975  

Zimmer Biomet Holdings, Inc.

     9,143        1,463,612  
     

 

 

 
Total Health Care Equipment & Supplies

 

     35,886,979  
Health Care Providers & Services – 2.7%

 

AmerisourceBergen Corp.

     22,225        2,624,106  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2021

 

 

 

Investments    Shares      Value  

Anthem, Inc.

     16,850      $ 6,048,307  

Cardinal Health, Inc.

     58,517        3,554,908  

Cigna Corp.

     1        242  

CVS Health Corp.

     198,941        14,966,331  

Humana, Inc.

     5,178        2,170,877  

McKesson Corp.

     9,758        1,903,200  

Quest Diagnostics, Inc.

     17,912        2,298,826  

UnitedHealth Group, Inc.

     111,816        41,603,379  
     

 

 

 
Total Health Care Providers & Services

 

     75,170,176  
Health Care Technology – 0.1%

 

Cerner Corp.

     21,240        1,526,731  
Hotels, Restaurants & Leisure – 1.4%

 

Domino’s Pizza, Inc.

     2,860        1,051,879  

McDonald’s Corp.

     100,007        22,415,569  

MGM Resorts International

     9,413        357,600  

Starbucks Corp.

     112,014        12,239,770  

Yum! Brands, Inc.

     41,339        4,472,053  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     40,536,871  
Household Durables – 0.2%

 

D.R. Horton, Inc.

     25,933        2,311,149  

Lennar Corp. Class A

     19,369        1,960,724  

PulteGroup, Inc.

     10,020        525,449  

Whirlpool Corp.

     7,656        1,686,999  
     

 

 

 
Total Household Durables

 

     6,484,321  
Household Products – 3.2%

 

Church & Dwight Co., Inc.

     17,574        1,535,089  

Clorox Co. (The)

     21,756        4,196,297  

Colgate-Palmolive Co.

     139,498        10,996,627  

Kimberly-Clark Corp.

     83,710        11,639,876  

Procter & Gamble Co. (The)

     457,709        61,987,530  
     

 

 

 
Total Household Products

 

     90,355,419  
Independent Power & Renewable Electricity Producers – 0.1%

 

AES Corp. (The)

     84,060        2,253,649  
Industrial Conglomerates – 1.7%

 

3M Co.

     154,425        29,754,609  

General Electric Co.

     177,359        2,328,723  

Honeywell International, Inc.

     66,182        14,366,127  

Roper Technologies, Inc.

     3,615        1,458,074  
     

 

 

 
Total Industrial Conglomerates

 

     47,907,533  
Insurance – 1.7%

 

Aflac, Inc.

     104,457        5,346,109  

Allstate Corp. (The)

     48,923        5,621,253  

Arthur J. Gallagher & Co.

     22,317        2,784,492  

Brown & Brown, Inc.

     12,954        592,127  

Cincinnati Financial Corp.

     22,520        2,321,587  

Hartford Financial Services Group, Inc. (The)

     51,064        3,410,564  

Marsh & McLennan Cos., Inc.

     65,575        7,987,035  

MetLife, Inc.

     192,905        11,726,695  

Progressive Corp. (The)

     22,567        2,157,631  

Travelers Cos., Inc. (The)

     35,954        5,407,482  

W.R. Berkley Corp.

     3,061        230,646  
     

 

 

 
Total Insurance

 

     47,585,621  
Internet & Direct Marketing Retail – 0.2%

 

eBay, Inc.

     74,008      4,532,250  
IT Services – 2.9%

 

Automatic Data Processing, Inc.

     50,555        9,528,101  

Broadridge Financial Solutions, Inc.

     12,919        1,977,899  

Cognizant Technology Solutions Corp. Class A

     35,280        2,756,074  

Fidelity National Information Services, Inc.

     33,189        4,666,705  

Global Payments, Inc.

     7,832        1,578,774  

International Business Machines Corp.

     248,800        33,155,088  

Jack Henry & Associates, Inc.

     2,858        433,616  

MasterCard, Inc. Class A

     26,563        9,457,756  

Paychex, Inc.

     54,599        5,351,794  

Visa, Inc. Class A(a)

     57,314        12,135,093  
     

 

 

 
Total IT Services

 

     81,040,900  
Leisure Products – 0.1%

 

Hasbro, Inc.

     19,553        1,879,434  
Life Sciences Tools & Services – 0.2%

 

Agilent Technologies, Inc.

     18,277        2,323,738  

Bio-Techne Corp.

     439        167,667  

Thermo Fisher Scientific, Inc.

     6,379        2,911,248  
     

 

 

 
Total Life Sciences Tools & Services

 

     5,402,653  
Machinery – 2.1%

 

Caterpillar, Inc.

     68,114        15,793,593  

Cummins, Inc.

     20,700        5,363,577  

Deere & Co.

     20,896        7,818,029  

Dover Corp.

     20,975        2,876,302  

Fortive Corp.

     8,956        632,652  

Graco, Inc.

     9,678        693,138  

IDEX Corp.

     2,851        596,771  

Illinois Tool Works, Inc.

     55,441        12,281,290  

Nordson Corp.

     1,095        217,555  

Otis Worldwide Corp.

     39,438        2,699,531  

PACCAR, Inc.

     30,713        2,853,852  

Parker-Hannifin Corp.

     9,774        3,083,013  

Stanley Black & Decker, Inc.

     15,142        3,023,403  

Westinghouse Air Brake Technologies Corp.

     7,523        595,521  

Xylem, Inc.

     7,499        788,745  
     

 

 

 
Total Machinery

 

     59,316,972  
Media – 1.2%

 

Cable One, Inc.

     35        63,993  

Comcast Corp. Class A

     445,334        24,097,023  

Fox Corp. Class A

     40,601        1,466,102  

Omnicom Group, Inc.

     42,620        3,160,273  

Sirius XM Holdings, Inc.(a)

     187,292        1,140,608  

ViacomCBS, Inc. Class B

     92,772        4,184,017  
     

 

 

 
Total Media

 

     34,112,016  
Metals & Mining – 0.4%

 

Newmont Corp.

     112,064        6,754,097  

Nucor Corp.

     48,432        3,887,637  
     

 

 

 
Total Metals & Mining

 

     10,641,734  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2021

 

 

 

Investments    Shares      Value  
Multi-Utilities – 1.7%

 

Ameren Corp.

     36,774      $ 2,991,933  

CenterPoint Energy, Inc.

     68,075        1,541,899  

CMS Energy Corp.

     58,464        3,579,166  

Consolidated Edison, Inc.

     71,085        5,317,158  

Dominion Energy, Inc.

     150,055        11,398,178  

DTE Energy Co.

     37,681        5,016,848  

Public Service Enterprise Group, Inc.

     98,258        5,916,114  

Sempra Energy

     48,367        6,412,497  

WEC Energy Group, Inc.

     66,378        6,212,317  
     

 

 

 
Total Multi-Utilities

 

     48,386,110  
Multiline Retail – 0.6%

 

Dollar General Corp.

     15,129        3,065,438  

Target Corp.

     64,696        12,814,337  
     

 

 

 
Total Multiline Retail

 

     15,879,775  
Oil, Gas & Consumable Fuels – 0.3%

 

EOG Resources, Inc.

     82,090        5,953,988  

Pioneer Natural Resources Co.

     14,452        2,295,266  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     8,249,254  
Personal Products – 0.1%

 

Estee Lauder Cos., Inc. (The) Class A

     9,389        2,730,791  
Pharmaceuticals – 7.9%

 

Bristol-Myers Squibb Co.

     361,699        22,834,058  

Eli Lilly & Co.

     95,977        17,930,423  

Johnson & Johnson

     554,565        91,142,758  

Merck & Co., Inc.

     630,940        48,639,165  

Pfizer, Inc.

     1,103,526        39,980,747  

Zoetis, Inc.

     14,340        2,258,263  
     

 

 

 
Total Pharmaceuticals

 

     222,785,414  
Professional Services – 0.2%

 

Booz Allen Hamilton Holding Corp.

     12,694        1,022,248  

Equifax, Inc.

     6,752        1,222,990  

Jacobs Engineering Group, Inc.

     2,848        368,161  

Leidos Holdings, Inc.

     7,291        701,977  

TransUnion

     4,497        404,730  

Verisk Analytics, Inc.

     7,868        1,390,197  
     

 

 

 
Total Professional Services

 

     5,110,303  
Road & Rail – 1.0%

 

CSX Corp.

     49,897        4,811,069  

JB Hunt Transport Services, Inc.

     2,470        415,133  

Kansas City Southern

     5,582        1,473,201  

Norfolk Southern Corp.

     22,830        6,130,311  

Old Dominion Freight Line, Inc.

     3,014        724,596  

Union Pacific Corp.

     70,048        15,439,280  
     

 

 

 
Total Road & Rail

 

     28,993,590  
Semiconductors & Semiconductor Equipment – 5.6%

 

Analog Devices, Inc.

     36,490        5,658,869  

Applied Materials, Inc.

     51,579        6,890,954  

Broadcom, Inc.

     69,775        32,351,877  

Entegris, Inc.

     917        102,521  

Intel Corp.

     575,269        36,817,216  

KLA Corp.

     18,280      6,039,712  

Lam Research Corp.

     8,676        5,164,302  

Microchip Technology, Inc.

     16,460        2,554,921  

Monolithic Power Systems, Inc.

     777        274,444  

NVIDIA Corp.

     4,566        2,437,924  

QUALCOMM, Inc.

     164,926        21,867,538  

Skyworks Solutions, Inc.

     14,524        2,664,864  

Teradyne, Inc.

     2,421        294,587  

Texas Instruments, Inc.

     184,959        34,955,402  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     158,075,131  
Software – 6.4%

 

Citrix Systems, Inc.

     9,058        1,271,381  

Intuit, Inc.

     9,807        3,756,669  

Microsoft Corp.

     634,353        149,561,407  

Oracle Corp.

     377,456        26,486,087  

SS&C Technologies Holdings, Inc.

     12,603        880,572  
     

 

 

 
Total Software

 

     181,956,116  
Specialty Retail – 3.2%

 

Best Buy Co., Inc.

     43,852        5,034,648  

Home Depot, Inc. (The)

     194,399        59,340,295  

Lowe’s Cos., Inc.

     87,565        16,653,112  

TJX Cos., Inc. (The)

     96,587        6,389,230  

Tractor Supply Co.

     8,925        1,580,439  
     

 

 

 
Total Specialty Retail

 

     88,997,724  
Technology Hardware, Storage & Peripherals – 4.3%

 

Apple, Inc.

     914,182        111,667,331  

HP, Inc.

     256,842        8,154,734  

NetApp, Inc.

     32,629        2,371,149  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     122,193,214  
Textiles, Apparel & Luxury Goods – 0.4%

 

NIKE, Inc. Class B

     55,522        7,378,319  

VF Corp.

     49,725        3,974,022  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     11,352,341  
Tobacco – 4.3%

 

Altria Group, Inc.

     1,183,021        60,523,354  

Philip Morris International, Inc.

     700,456        62,158,466  
     

 

 

 
Total Tobacco

 

     122,681,820  
Trading Companies & Distributors – 0.2%

 

Fastenal Co.

     88,068        4,428,059  

W.W. Grainger, Inc.

     6,119        2,453,291  
     

 

 

 
Total Trading Companies & Distributors

 

     6,881,350  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     20,657        3,096,897  

TOTAL COMMON STOCKS

(Cost: $2,008,846,155)

 

 

     2,812,056,508  
EXCHANGE-TRADED FUND – 0.2%

 

United States – 0.2%

 

WisdomTree U.S. Total Dividend Fund(a)(b)
(Cost: $5,955,573)
     55,444        6,267,390  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2021

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $3,987,988)      3,987,988      $ 3,987,988  

TOTAL INVESTMENTS IN SECURITIES – 100.0%

(Cost: $2,018,789,716)

 

 

     2,822,311,886  

Other Assets less Liabilities – 0.0%

 

     1,155,438  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,823,467,324  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $18,313,810 and the total market value of the collateral held by the Fund was $18,796,982. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,808,994.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES                                   

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
   

Change in
Unrealized
Appreciation/

Depreciation

    Value at
3/31/2021
    Dividend
Income
 

WisdomTree U.S. Total Dividend Fund

  $ 5,486,081     $ 28,079,291     $ 28,383,373     $ (823,412   $ 1,908,803     $ 6,267,390     $ 126,618  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 2,812,056,508      $      $      $ 2,812,056,508  

Exchange-Traded Fund

     6,267,390                      6,267,390  

Investment of Cash Collateral for Securities Loaned

            3,987,988               3,987,988  

Total Investments in Securities

   $ 2,818,323,898      $ 3,987,988      $      $ 2,822,311,886  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

United States – 99.7%

 

Aerospace & Defense – 1.5%

 

General Dynamics Corp.

     9,022      $ 1,638,034  

HEICO Corp.

     927        116,617  

Howmet Aerospace, Inc.

     8,986        288,720  

L3Harris Technologies, Inc.

     3,950        800,586  

Lockheed Martin Corp.

     7,547        2,788,616  

Northrop Grumman Corp.

     4,915        1,590,691  

Teledyne Technologies, Inc.*

     415        171,665  

TransDigm Group, Inc.*

     488        286,905  
     

 

 

 
Total Aerospace & Defense

 

     7,681,834  
Air Freight & Logistics – 0.8%      

C.H. Robinson Worldwide, Inc.

     2,297        219,203  

Expeditors International of Washington, Inc.

     2,970        319,839  

FedEx Corp.

     3,035        862,061  

United Parcel Service, Inc. Class B

     15,760        2,679,043  

XPO Logistics, Inc.*

     373        45,991  
     

 

 

 
Total Air Freight & Logistics

 

     4,126,137  
Auto Components – 0.1%      

BorgWarner, Inc.

     5,638        261,378  

Gentex Corp.

     3,427        122,241  

Lear Corp.

     460        83,375  
     

 

 

 
Total Auto Components

 

     466,994  
Automobiles – 0.5%      

General Motors Co.

     41,395        2,378,557  
Banks – 6.7%      

Bank of America Corp.

     239,099        9,250,740  

Citigroup, Inc.

     76,256        5,547,624  

Fifth Third Bancorp

     11,128        416,744  

First Republic Bank

     2,455        409,371  

JPMorgan Chase & Co.

     83,221        12,668,733  

M&T Bank Corp.

     3,973        602,347  

Regions Financial Corp.

     12,786        264,159  

SVB Financial Group*

     1,125        555,367  

Truist Financial Corp.

     37,053        2,160,931  

U.S. Bancorp

     40,343        2,231,371  
     

 

 

 
Total Banks

 

     34,107,387  
Beverages – 1.8%      

Boston Beer Co., Inc. (The) Class A*

     72        86,852  

Brown-Forman Corp. Class B

     4,612        318,090  

Coca-Cola Co. (The)

     65,383        3,446,338  

Constellation Brands, Inc. Class A

     1,935        441,180  

Keurig Dr. Pepper, Inc.

     19,418        667,397  

Molson Coors Beverage Co. Class B

     7,669        392,269  

Monster Beverage Corp.*

     6,115        557,015  

PepsiCo, Inc.

     22,414        3,170,460  
     

 

 

 
Total Beverages

 

     9,079,601  
Biotechnology – 3.0%      

AbbVie, Inc.

     35,359        3,826,551  

Alexion Pharmaceuticals, Inc.*

     7,298        1,115,937  

Amgen, Inc.

     13,338        3,318,628  

Biogen, Inc.*

     7,000      1,958,250  

Gilead Sciences, Inc.

     39,153        2,530,459  

Neurocrine Biosciences, Inc.*

     1,081        105,127  

Regeneron Pharmaceuticals, Inc.*

     2,367        1,119,922  

Seagen, Inc.*

     808        112,199  

Vertex Pharmaceuticals, Inc.*

     4,839        1,039,853  
     

 

 

 
Total Biotechnology

 

     15,126,926  
Building Products – 0.4%      

A.O. Smith Corp.

     2,304        155,773  

Carrier Global Corp.

     21,616        912,628  

Fortune Brands Home & Security, Inc.

     2,782        266,571  

Lennox International, Inc.

     488        152,056  

Masco Corp.

     5,720        342,628  

Owens Corning

     3,055        281,335  

Trex Co., Inc.*

     844        77,260  
     

 

 

 
Total Building Products

 

     2,188,251  
Capital Markets – 4.3%      

Ameriprise Financial, Inc.

     3,101        720,828  

Bank of New York Mellon Corp. (The)

     39,391        1,862,800  

BlackRock, Inc.

     2,849        2,148,032  

CBOE Global Markets, Inc.

     1,499        147,936  

Charles Schwab Corp. (The)

     22,469        1,464,530  

CME Group, Inc.

     4,487        916,380  

FactSet Research Systems, Inc.

     291        89,800  

Franklin Resources, Inc.

     15,900        470,640  

Goldman Sachs Group, Inc. (The)

     11,336        3,706,872  

Intercontinental Exchange, Inc.

     7,746        865,073  

MarketAxess Holdings, Inc.

     211        105,061  

Moody’s Corp.

     2,576        769,219  

Morgan Stanley

     62,596        4,861,205  

Morningstar, Inc.

     190        42,758  

MSCI, Inc.

     466        195,385  

Nasdaq, Inc.

     2,594        382,511  

Northern Trust Corp.

     5,257        552,563  

Raymond James Financial, Inc.

     3,287        402,855  

S&P Global, Inc.

     3,297        1,163,412  

SEI Investments Co.

     2,390        145,623  

T. Rowe Price Group, Inc.

     5,512        945,859  
     

 

 

 
Total Capital Markets

 

     21,959,342  
Chemicals – 1.3%      

Air Products & Chemicals, Inc.

     2,910        818,699  

Albemarle Corp.

     1,091        159,406  

Celanese Corp.

     2,240        335,574  

CF Industries Holdings, Inc.

     2,836        128,698  

Corteva, Inc.

     8,867        413,380  

Dow, Inc.

     16,316        1,043,245  

DuPont de Nemours, Inc.

     3,765        290,959  

Eastman Chemical Co.

     3,234        356,128  

Ecolab, Inc.

     2,474        529,609  

FMC Corp.

     2,778        307,275  

International Flavors & Fragrances, Inc.

     1,504        209,974  

PPG Industries, Inc.

     3,553        533,874  

RPM International, Inc.

     2,098        192,701  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Scotts Miracle-Gro Co. (The)

     852      $ 208,714  

Sherwin-Williams Co. (The)

     1,195        881,922  

Westlake Chemical Corp.

     1,072        95,183  
     

 

 

 
Total Chemicals

 

     6,505,341  
Commercial Services & Supplies – 0.4%      

Cintas Corp.

     1,106        377,489  

Copart, Inc.*

     2,378        258,275  

IAA, Inc.*

     1,116        61,536  

Republic Services, Inc.

     4,768        473,701  

Rollins, Inc.

     3,553        122,294  

Waste Management, Inc.

     5,918        763,540  
     

 

 

 
Total Commercial Services & Supplies

 

     2,056,835  
Communications Equipment – 1.4%      

Arista Networks, Inc.*

     1,292        390,042  

Cisco Systems, Inc.

     110,768        5,727,813  

F5 Networks, Inc.*

     1,083        225,935  

Motorola Solutions, Inc.

     2,764        519,770  

Ubiquiti, Inc.

     962        286,965  
     

 

 

 
Total Communications Equipment

 

     7,150,525  
Construction & Engineering – 0.1%      

AECOM*

     2,863        183,547  

Quanta Services, Inc.

     2,165        190,477  
     

 

 

 
Total Construction & Engineering

 

     374,024  
Construction Materials – 0.1%      

Martin Marietta Materials, Inc.

     940        315,671  

Vulcan Materials Co.

     1,828        308,475  
     

 

 

 
Total Construction Materials

 

     624,146  
Consumer Finance – 0.5%      

American Express Co.

     11,636        1,645,796  

Discover Financial Services

     4,585        435,529  

Synchrony Financial

     15,936        647,958  
     

 

 

 
Total Consumer Finance

 

     2,729,283  
Containers & Packaging – 0.4%      

AptarGroup, Inc.

     697        98,744  

Avery Dennison Corp.

     1,548        284,290  

Ball Corp.

     3,599        304,979  

Crown Holdings, Inc.

     2,350        228,044  

International Paper Co.

     9,406        508,582  

Packaging Corp. of America

     1,866        250,940  

WestRock Co.

     6,769        352,327  
     

 

 

 
Total Containers & Packaging

 

     2,027,906  
Distributors – 0.1%      

Genuine Parts Co.

     2,857        330,240  

LKQ Corp.*

     7,457        315,655  

Pool Corp.

     411        141,894  
     

 

 

 
Total Distributors

 

     787,789  
Diversified Consumer Services – 0.1%

 

Bright Horizons Family Solutions, Inc.*

     415        71,152  

Service Corp. International

     3,693        188,527  
     

 

 

 
Total Diversified Consumer Services

 

     259,679  
Diversified Financial Services – 1.9%      

Berkshire Hathaway, Inc. Class B*

     39,053      9,976,870  
Diversified Telecommunication Services – 2.7%

 

  

AT&T, Inc.

     170,616        5,164,546  

Lumen Technologies, Inc.

     50,718        677,085  

Verizon Communications, Inc.

     134,883        7,843,447  
     

 

 

 
Total Diversified Telecommunication Services

 

     13,685,078  
Electric Utilities – 1.7%      

Alliant Energy Corp.

     4,181        226,443  

American Electric Power Co., Inc.

     7,660        648,802  

Avangrid, Inc.

     4,436        220,957  

Duke Energy Corp.

     7,194        694,437  

Entergy Corp.

     3,415        339,690  

Evergy, Inc.

     4,542        270,385  

Eversource Energy

     5,759        498,672  

Exelon Corp.

     23,124        1,011,444  

FirstEnergy Corp.

     15,075        522,952  

NextEra Energy, Inc.

     19,187        1,450,729  

NRG Energy, Inc.

     8,102        305,688  

Pinnacle West Capital Corp.

     2,183        177,587  

PPL Corp.

     24,609        709,724  

Southern Co. (The)

     20,544        1,277,015  

Xcel Energy, Inc.

     7,952        528,887  
     

 

 

 
Total Electric Utilities

 

     8,883,412  
Electrical Equipment – 0.4%      

AMETEK, Inc.

     2,556        326,478  

Emerson Electric Co.

     10,874        981,052  

Generac Holdings, Inc.*

     554        181,407  

Hubbell, Inc.

     983        183,713  

Rockwell Automation, Inc.

     1,368        363,122  

Sunrun, Inc.*(a)

     1,026        62,053  
     

 

 

 
Total Electrical Equipment

 

     2,097,825  
Electronic Equipment, Instruments & Components – 0.6%

 

  

Amphenol Corp. Class A

     8,159        538,249  

CDW Corp.

     2,825        468,244  

Cognex Corp.

     1,451        120,418  

Corning, Inc.

     8,895        387,021  

IPG Photonics Corp.*

     557        117,494  

Keysight Technologies, Inc.*

     2,009        288,091  

SYNNEX Corp.

     4,059        466,135  

Trimble, Inc.*

     2,848        221,546  

Zebra Technologies Corp. Class A*

     748        362,915  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     2,970,113  
Energy Equipment & Services – 0.2%      

Baker Hughes Co.

     25,541        551,941  

Halliburton Co.

     15,638        335,591  
     

 

 

 
Total Energy Equipment & Services

 

     887,532  
Entertainment – 0.9%      

Activision Blizzard, Inc.

     10,510        977,430  

Electronic Arts, Inc.

     4,322        585,069  

Netflix, Inc.*

     2,351        1,226,423  

Take-Two Interactive Software, Inc.*

     1,092        192,956  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Walt Disney Co. (The)*

     7,975      $ 1,471,547  
     

 

 

 
Total Entertainment

 

     4,453,425  
Equity Real Estate Investment Trusts (REITs) – 1.5%

 

  

Alexandria Real Estate Equities, Inc.

     737        121,089  

American Homes 4 Rent Class A

     1,438        47,943  

American Tower Corp.

     4,202        1,004,530  

Americold Realty Trust

     1,247        47,972  

AvalonBay Communities, Inc.

     1,463        269,938  

Boston Properties, Inc.

     1,534        155,333  

Camden Property Trust

     677        74,409  

Crown Castle International Corp.

     2,377        409,153  

Duke Realty Corp.

     3,932        164,869  

Equinix, Inc.

     449        305,136  

Equity LifeStyle Properties, Inc.

     1,499        95,396  

Equity Residential

     2,868        205,435  

Essex Property Trust, Inc.

     568        154,405  

Extra Space Storage, Inc.

     1,648        218,442  

Gaming and Leisure Properties, Inc.

     4,664        197,894  

Healthpeak Properties, Inc.

     2,526        80,175  

Invitation Homes, Inc.

     2,673        85,509  

Iron Mountain, Inc.

     3,867        143,118  

Medical Properties Trust, Inc.

     9,541        203,032  

Mid-America Apartment Communities, Inc.

     875        126,315  

Omega Healthcare Investors, Inc.

     2,883        105,604  

Prologis, Inc.

     8,892        942,552  

Public Storage

     2,351        580,133  

Realty Income Corp.

     3,291        208,979  

SBA Communications Corp.

     566        157,093  

Simon Property Group, Inc.

     7,740        880,580  

STORE Capital Corp.

     2,829        94,772  

Sun Communities, Inc.

     511        76,670  

UDR, Inc.

     1,520        66,667  

VICI Properties, Inc.(a)

     8,503        240,125  

W.P. Carey, Inc.

     1,887        133,524  

Weyerhaeuser Co.

     7,456        265,434  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     7,862,226  
Food & Staples Retailing – 1.8%      

Albertsons Cos., Inc. Class A(a)

     22,184        423,049  

Costco Wholesale Corp.

     5,076        1,789,188  

Kroger Co. (The)

     32,592        1,172,986  

Walmart, Inc.

     42,907        5,828,058  
     

 

 

 
Total Food & Staples Retailing

 

     9,213,281  
Food Products – 1.9%      

Archer-Daniels-Midland Co.

     15,123        862,011  

Campbell Soup Co.

     6,289        316,148  

Conagra Brands, Inc.

     13,949        524,482  

Darling Ingredients, Inc.*

     3,355        246,861  

General Mills, Inc.

     16,643        1,020,549  

Hershey Co. (The)

     3,687        583,136  

Hormel Foods Corp.

     8,155        389,646  

J.M. Smucker Co. (The)

     3,442        435,516  

Kellogg Co.

     9,198        582,233  

Kraft Heinz Co. (The)

     43,324        1,732,960  

Lamb Weston Holdings, Inc.

     1,811      140,316  

McCormick & Co., Inc. Non-Voting Shares

     3,374        300,826  

Mondelez International, Inc. Class A

     26,499        1,550,987  

Tyson Foods, Inc. Class A

     12,614        937,220  
     

 

 

 
Total Food Products

 

     9,622,891  
Gas Utilities – 0.0%      

Atmos Energy Corp.

     2,430        240,205  
Health Care Equipment & Supplies – 1.7%      

Abbott Laboratories

     14,380        1,723,299  

ABIOMED, Inc.*

     334        106,456  

Align Technology, Inc.*

     405        219,320  

Baxter International, Inc.

     7,615        642,249  

Becton, Dickinson and Co.

     2,799        680,577  

Boston Scientific Corp.*

     10,857        419,623  

Cooper Cos., Inc. (The)

     418        160,550  

Danaher Corp.

     5,008        1,127,201  

Dentsply Sirona, Inc.

     1,490        95,077  

DexCom, Inc.*

     434        155,975  

Edwards Lifesciences Corp.*

     5,876        491,469  

Hologic, Inc.*

     4,678        347,950  

IDEXX Laboratories, Inc.*

     505        247,101  

Insulet Corp.*

     338        88,191  

Intuitive Surgical, Inc.*

     593        438,191  

Masimo Corp.*

     336        77,166  

Quidel Corp.*

     786        100,553  

ResMed, Inc.

     1,328        257,658  

Stryker Corp.

     3,407        829,877  

Teleflex, Inc.

     381        158,290  

West Pharmaceutical Services, Inc.

     500        140,890  

Zimmer Biomet Holdings, Inc.

     1,562        250,045  
     

 

 

 
Total Health Care Equipment & Supplies

 

     8,757,708  
Health Care Providers & Services – 5.1%      

Amedisys, Inc.*

     227        60,107  

AmerisourceBergen Corp.

     5,979        705,941  

Anthem, Inc.

     7,758        2,784,734  

Cardinal Health, Inc.

     8,972        545,049  

Chemed Corp.

     194        89,205  

Cigna Corp.

     11,565        2,795,723  

CVS Health Corp.

     48,317        3,634,888  

DaVita, Inc.*

     3,541        381,614  

Encompass Health Corp.

     1,351        110,647  

HCA Healthcare, Inc.

     9,978        1,879,257  

Henry Schein, Inc.*

     2,737        189,510  

Humana, Inc.

     4,263        1,787,263  

Laboratory Corp. of America Holdings*

     2,638        672,769  

McKesson Corp.

     6,886        1,343,045  

Molina Healthcare, Inc.*

     1,740        406,742  

Quest Diagnostics, Inc.

     3,522        452,014  

UnitedHealth Group, Inc.

     21,762        8,096,987  

Universal Health Services, Inc. Class B

     2,857        381,095  
     

 

 

 
Total Health Care Providers & Services

 

     26,316,590  
Health Care Technology – 0.1%      

Cerner Corp.

     3,445        247,626  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Veeva Systems, Inc. Class A*

     728      $ 190,183  
     

 

 

 
Total Health Care Technology

 

     437,809  
Hotels, Restaurants & Leisure – 0.9%      

Booking Holdings, Inc.*

     271        631,387  

Chipotle Mexican Grill, Inc.*

     141        200,335  

Domino’s Pizza, Inc.

     466        171,390  

Marriott International, Inc. Class A

     1,693        250,750  

McDonald’s Corp.

     10,214        2,289,366  

Starbucks Corp.

     5,945        649,610  

Vail Resorts, Inc.

     262        76,415  

Yum! Brands, Inc.

     3,765        407,298  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     4,676,551  
Household Durables – 0.8%      

D.R. Horton, Inc.

     13,344        1,189,217  

Lennar Corp. Class A

     13,616        1,378,348  

Newell Brands, Inc.

     9,428        252,482  

NVR, Inc.*

     85        400,429  

PulteGroup, Inc.

     12,381        649,259  

Whirlpool Corp.

     2,099        462,515  
     

 

 

 
Total Household Durables

 

     4,332,250  
Household Products – 1.7%      

Church & Dwight Co., Inc.

     3,298        288,080  

Clorox Co. (The)

     2,263        436,488  

Colgate-Palmolive Co.

     14,046        1,107,246  

Kimberly-Clark Corp.

     8,168        1,135,761  

Procter & Gamble Co. (The)

     43,524        5,894,455  
     

 

 

 
Total Household Products

 

     8,862,030  
Independent Power & Renewable Electricity Producers – 0.2%

 

AES Corp. (The)

     16,080        431,105  

Vistra Corp.

     22,475        397,358  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     828,463  
Industrial Conglomerates – 1.0%      

3M Co.

     11,181        2,154,355  

Carlisle Cos., Inc.

     960        157,997  

Honeywell International, Inc.

     11,174        2,425,540  

Roper Technologies, Inc.

     1,013        408,583  
     

 

 

 
Total Industrial Conglomerates

 

     5,146,475  
Insurance – 2.6%      

Aflac, Inc.

     26,816        1,372,443  

Alleghany Corp.*

     72        45,093  

Allstate Corp. (The)

     13,627        1,565,742  

American Financial Group, Inc.

     1,030        117,523  

Arthur J. Gallagher & Co.

     1,955        243,925  

Assurant, Inc.

     1,090        154,529  

Brown & Brown, Inc.

     2,961        135,347  

Cincinnati Financial Corp.

     4,741        488,750  

CNA Financial Corp.

     5,733        255,864  

Erie Indemnity Co. Class A

     234        51,693  

Fidelity National Financial, Inc.

     9,343        379,886  

Globe Life, Inc.

     2,391        231,042  

Hartford Financial Services Group, Inc. (The)

     15,651        1,045,330  

Markel Corp.*

     82      93,449  

Marsh & McLennan Cos., Inc.

     7,580        923,244  

MetLife, Inc.

     40,474        2,460,415  

Progressive Corp. (The)

     23,482        2,245,114  

Reinsurance Group of America, Inc.

     1,372        172,941  

Travelers Cos., Inc. (The)

     6,967        1,047,837  

W.R. Berkley Corp.

     1,391        104,812  
     

 

 

 
Total Insurance

 

     13,134,979  
Interactive Media & Services – 5.6%      

Alphabet, Inc. Class A*

     8,364        17,250,917  

Facebook, Inc. Class A*

     38,744        11,411,271  
     

 

 

 
Total Interactive Media & Services

 

     28,662,188  
Internet & Direct Marketing Retail – 1.8%      

Amazon.com, Inc.*

     2,592        8,019,855  

eBay, Inc.

     18,450        1,129,878  

Etsy, Inc.*

     620        125,036  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     9,274,769  
IT Services – 3.9%      

Akamai Technologies, Inc.*

     2,883        293,778  

Automatic Data Processing, Inc.

     6,509        1,226,751  

Black Knight, Inc.*

     1,606        118,828  

Broadridge Financial Solutions, Inc.

     1,803        276,039  

Cognizant Technology Solutions Corp. Class A

     11,671        911,739  

EPAM Systems, Inc.*

     537        213,023  

Fidelity National Information Services, Inc.

     3,117        438,281  

Fiserv, Inc.*

     4,323        514,610  

FleetCor Technologies, Inc.*

     1,306        350,831  

Gartner, Inc.*

     1,118        204,091  

Global Payments, Inc.

     2,121        427,551  

GoDaddy, Inc. Class A*

     1,591        123,493  

International Business Machines Corp.

     24,584        3,276,064  

Jack Henry & Associates, Inc.

     1,104        167,499  

MasterCard, Inc. Class A

     8,929        3,179,170  

Paychex, Inc.

     5,298        519,310  

PayPal Holdings, Inc.*

     5,976        1,451,212  

Square, Inc. Class A*

     1,867        423,902  

VeriSign, Inc.*

     1,447        287,606  

Visa, Inc. Class A

     23,024        4,874,871  

Western Union Co. (The)

     15,469        381,466  

WEX, Inc.*

     520        108,794  
     

 

 

 
Total IT Services

 

     19,768,909  
Leisure Products – 0.1%      

Hasbro, Inc.

     1,975        189,837  

Peloton Interactive, Inc. Class A*

     1,247        140,213  
     

 

 

 
Total Leisure Products

 

     330,050  
Life Sciences Tools & Services – 0.8%

 

Agilent Technologies, Inc.

     3,097        393,753  

Avantor, Inc.*

     2,869        83,000  

Bio-Rad Laboratories, Inc. Class A*

     163        93,101  

Bio-Techne Corp.

     193        73,712  

Bruker Corp.

     1,126        72,379  

Charles River Laboratories International, Inc.*

     455        131,873  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Illumina, Inc.*

     784      $ 301,103  

IQVIA Holdings, Inc.*

     950        183,483  

Mettler-Toledo International, Inc.*

     222        256,563  

PerkinElmer, Inc.

     1,405        180,247  

PPD, Inc.*

     1,681        63,609  

Repligen Corp.*

     255        49,575  

Thermo Fisher Scientific, Inc.

     4,804        2,192,450  

Waters Corp.*

     936        265,983  
     

 

 

 
Total Life Sciences Tools & Services

 

     4,340,831  
Machinery – 2.0%      

Caterpillar, Inc.

     9,540        2,212,040  

Cummins, Inc.

     3,150        816,196  

Deere & Co.

     4,913        1,838,150  

Dover Corp.

     2,319        318,004  

Fortive Corp.

     4,360        307,990  

Graco, Inc.

     1,845        132,139  

IDEX Corp.

     932        195,086  

Illinois Tool Works, Inc.

     4,383        970,922  

Ingersoll Rand, Inc.*

     2,039        100,339  

Middleby Corp. (The)*

     770        127,628  

Nordson Corp.

     645        128,149  

Otis Worldwide Corp.

     6,799        465,392  

PACCAR, Inc.

     6,927        643,657  

Parker-Hannifin Corp.

     2,011        634,330  

Snap-on, Inc.

     1,439        332,035  

Stanley Black & Decker, Inc.

     2,386        476,413  

Toro Co. (The)

     1,310        135,113  

Westinghouse Air Brake Technologies Corp.

     2,549        201,779  

Xylem, Inc.

     1,790        188,272  
     

 

 

 
Total Machinery

 

     10,223,634  
Media – 2.3%      

Altice USA, Inc. Class A*

     5,446        177,158  

Cable One, Inc.

     46        84,104  

Charter Communications, Inc. Class A*

     1,868        1,152,593  

Comcast Corp. Class A

     86,920        4,703,241  

Discovery, Inc. Class A*(a)

     22,806        991,149  

DISH Network Corp. Class A*

     13,423        485,913  

Fox Corp. Class A

     26,089        942,074  

Interpublic Group of Cos., Inc. (The)

     11,424        333,581  

Liberty Broadband Corp. Class C*

     985        147,898  

News Corp. Class A

     14,946        380,077  

Omnicom Group, Inc.

     7,643        566,728  

Sirius XM Holdings, Inc.(a)

     71,743        436,915  

ViacomCBS, Inc. Class B

     27,971        1,261,492  
     

 

 

 
Total Media

 

     11,662,923  
Metals & Mining – 0.6%

 

Freeport-McMoRan, Inc.*

     7,625        251,091  

Newmont Corp.

     19,339        1,165,561  

Nucor Corp.

     5,781        464,041  

Southern Copper Corp.

     10,819        734,286  

Steel Dynamics, Inc.

     5,338        270,957  
     

 

 

 
Total Metals & Mining

 

     2,885,936  
Multi-Utilities – 0.9%      

Ameren Corp.

     4,328      352,126  

CMS Energy Corp.

     4,865        297,835  

Consolidated Edison, Inc.

     6,455        482,834  

Dominion Energy, Inc.

     13,997        1,063,212  

DTE Energy Co.

     4,140        551,200  

NiSource, Inc.

     9,464        228,177  

Public Service Enterprise Group, Inc.

     10,525        633,710  

Sempra Energy

     5,385        713,943  

WEC Energy Group, Inc.

     5,086        475,999  
     

 

 

 
Total Multi-Utilities

 

     4,799,036  
Multiline Retail – 0.7%      

Dollar General Corp.

     4,828        978,249  

Dollar Tree, Inc.*

     5,261        602,174  

Target Corp.

     10,249        2,030,020  
     

 

 

 
Total Multiline Retail

 

     3,610,443  
Oil, Gas & Consumable Fuels – 1.0%      

EOG Resources, Inc.

     11,715        849,689  

Exxon Mobil Corp.

     34,125        1,905,199  

Kinder Morgan, Inc.

     40,187        669,114  

ONEOK, Inc.

     10,779        546,064  

Pioneer Natural Resources Co.

     2,031        322,563  

Williams Cos., Inc. (The)

     26,844        635,934  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     4,928,563  
Personal Products – 0.1%      

Estee Lauder Cos., Inc. (The) Class A

     2,528        735,269  
Pharmaceuticals – 4.0%      

Bristol-Myers Squibb Co.

     15,305        966,204  

Catalent, Inc.*

     1,016        106,995  

Eli Lilly & Co.

     12,564        2,347,206  

Johnson & Johnson

     48,371        7,949,774  

Merck & Co., Inc.

     60,197        4,640,587  

Pfizer, Inc.

     103,309        3,742,885  

Zoetis, Inc.

     4,741        746,613  
     

 

 

 
Total Pharmaceuticals

 

     20,500,264  
Professional Services – 0.3%      

Booz Allen Hamilton Holding Corp.

     2,903        233,778  

CoStar Group, Inc.*

     215        176,706  

Equifax, Inc.

     690        124,980  

Jacobs Engineering Group, Inc.

     2,807        362,861  

Leidos Holdings, Inc.

     2,879        277,190  

TransUnion

     1,459        131,310  

Verisk Analytics, Inc.

     1,472        260,088  
     

 

 

 
Total Professional Services

 

     1,566,913  
Real Estate Management & Development – 0.1%

 

CBRE Group, Inc. Class A*

     6,220        492,064  
Road & Rail – 1.2%      

AMERCO

     342        209,509  

CSX Corp.

     13,131        1,266,091  

JB Hunt Transport Services, Inc.

     1,549        260,340  

Kansas City Southern

     1,469        387,699  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Norfolk Southern Corp.

     4,186      $ 1,124,025  

Old Dominion Freight Line, Inc.

     1,354        325,515  

Union Pacific Corp.

     11,209        2,470,576  
     

 

 

 
Total Road & Rail

 

     6,043,755  
Semiconductors & Semiconductor Equipment – 5.8%

 

  

Advanced Micro Devices, Inc.*

     6,127        480,970  

Analog Devices, Inc.

     4,272        662,502  

Applied Materials, Inc.

     16,537        2,209,343  

Broadcom, Inc.

     2,034        943,084  

Enphase Energy, Inc.*

     758        122,917  

Entegris, Inc.

     1,733        193,749  

First Solar, Inc.*

     2,570        224,361  

Intel Corp.

     181,642        11,625,088  

KLA Corp.

     2,705        893,732  

Lam Research Corp.

     2,500        1,488,100  

Maxim Integrated Products, Inc.

     4,256        388,871  

Microchip Technology, Inc.

     1,413        219,326  

Micron Technology, Inc.*

     17,533        1,546,586  

MKS Instruments, Inc.

     1,208        223,987  

Monolithic Power Systems, Inc.

     374        132,101  

NVIDIA Corp.

     3,364        1,796,141  

ON Semiconductor Corp.*

     3,921        163,153  

Qorvo, Inc.*

     1,489        272,040  

QUALCOMM, Inc.

     16,030        2,125,418  

Skyworks Solutions, Inc.

     2,969        544,752  

Teradyne, Inc.

     3,146        382,805  

Texas Instruments, Inc.

     12,934        2,444,397  

Universal Display Corp.

     387        91,630  

Xilinx, Inc.

     2,447        303,183  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     29,478,236  
Software – 7.1%      

Adobe, Inc.*

     3,566        1,695,169  

ANSYS, Inc.*

     613        208,150  

Aspen Technology, Inc.*

     1,041        150,248  

Autodesk, Inc.*

     1,095        303,479  

Cadence Design Systems, Inc.*

     2,364        323,844  

Ceridian HCM Holding, Inc.*

     722        60,843  

Citrix Systems, Inc.

     2,358        330,969  

Dynatrace, Inc.*

     2,021        97,493  

Fair Isaac Corp.*

     307        149,217  

Fortinet, Inc.*

     1,690        311,670  

Intuit, Inc.

     2,396        917,812  

Microsoft Corp.

     93,087        21,947,122  

NortonLifeLock, Inc.

     15,557        330,742  

Nuance Communications, Inc.*

     1,570        68,515  

Oracle Corp.

     79,866        5,604,197  

Paycom Software, Inc.*

     301        111,388  

Paylocity Holding Corp.*

     382        68,695  

PTC, Inc.*

     886        121,958  

salesforce.com, Inc.*

     5,060        1,072,062  

ServiceNow, Inc.*

     971        485,607  

SS&C Technologies Holdings, Inc.

     3,902        272,633  

Synopsys, Inc.*

     1,034        256,204  

Trade Desk, Inc. (The) Class A*

     203      132,287  

Tyler Technologies, Inc.*

     247        104,859  

VMware, Inc. Class A*

     4,797        721,709  

Zoom Video Communications, Inc. Class A*

     1,172        376,552  
     

 

 

 
Total Software

 

     36,223,424  
Specialty Retail – 2.8%      

Advance Auto Parts, Inc.

     1,394        255,785  

AutoZone, Inc.*

     664        932,455  

Best Buy Co., Inc.

     6,776        777,953  

CarMax, Inc.*

     3,089        409,787  

Five Below, Inc.*

     274        52,276  

Floor & Decor Holdings, Inc. Class A*

     761        72,660  

Home Depot, Inc. (The)

     20,237        6,177,344  

L Brands, Inc.

     2,788        172,466  

Lithia Motors, Inc. Class A

     522        203,627  

Lowe’s Cos., Inc.

     17,022        3,237,244  

O’Reilly Automotive, Inc.*

     1,589        806,020  

RH*

     220        131,252  

TJX Cos., Inc. (The)

     6,168        408,013  

Tractor Supply Co.

     2,289        405,336  

Ulta Beauty, Inc.*

     506        156,440  

Williams-Sonoma, Inc.

     1,653        296,218  
     

 

 

 
Total Specialty Retail

 

     14,494,876  
Technology Hardware, Storage & Peripherals – 4.9%

 

  

Apple, Inc.

     186,197        22,743,964  

HP, Inc.

     59,599        1,892,268  

NetApp, Inc.

     6,331        460,074  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     25,096,306  
Textiles, Apparel & Luxury Goods – 0.3%      

NIKE, Inc. Class B

     8,882        1,180,329  

Tapestry, Inc.

     4,427        182,437  

VF Corp.

     2,176        173,906  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     1,536,672  
Tobacco – 1.5%      

Altria Group, Inc.

     76,215        3,899,159  

Philip Morris International, Inc.

     40,223        3,569,389  
     

 

 

 
Total Tobacco

 

     7,468,548  
Trading Companies & Distributors – 0.3%      

Fastenal Co.

     7,275        365,787  

United Rentals, Inc.*

     1,657        545,667  

W.W. Grainger, Inc.

     932        373,667  

Watsco, Inc.

     459        119,684  
     

 

 

 
Total Trading Companies & Distributors

 

     1,404,805  
Water Utilities – 0.1%      

American Water Works Co., Inc.

     1,856        278,252  

Essential Utilities, Inc.

     1,991        89,097  
     

 

 

 
Total Water Utilities

 

     367,349  
Wireless Telecommunication Services – 0.3%

 

T-Mobile U.S., Inc.*      11,968        1,499,471  
TOTAL COMMON STOCKS
(Cost: $401,046,755)
              509,411,504  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments (concluded)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2021

 

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      
WisdomTree U.S. High Dividend Fund(b)
(Cost: $484,987)
     8,239      $ 628,636  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(c)

     
(Cost: $796,784)      796,784        796,784  
TOTAL INVESTMENTS IN SECURITIES – 100.0%
(Cost: $402,328,526)

 

     510,836,924  

Other Assets less Liabilities – (0.0)%

 

     (43,082
     

 

 

 
NET ASSETS – 100.0%

 

   $ 510,793,842  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,049,692 and the total market value of the collateral held by the Fund was $1,077,451. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $280,667.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree U.S. High Dividend Fund

  $ 513,645     $ 6,622,594     $ 6,873,477     $ 173,139     $ 192,735     $ 628,636     $ 68,601  

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

   $ 509,411,504      $      $      $ 509,411,504  

Exchange-Traded Fund

     628,636                      628,636  

Investment of Cash Collateral for Securities Loaned

            796,784               796,784  

Total Investments in Securities

   $ 510,040,140      $ 796,784      $      $ 510,836,924  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%

 

United States – 99.4%

 

Aerospace & Defense – 0.9%

 

BWX Technologies, Inc.

     122,320      $ 8,065,781  

Curtiss-Wright Corp.

     17,570        2,083,802  

Huntington Ingalls Industries, Inc.

     74,148        15,263,366  
     

 

 

 
Total Aerospace & Defense

 

     25,412,949  
Auto Components – 1.4%      

BorgWarner, Inc.

     324,565        15,046,834  

Gentex Corp.

     380,302        13,565,372  

LCI Industries

     62,372        8,250,568  

Lear Corp.

     27,309        4,949,756  
     

 

 

 
Total Auto Components

 

     41,812,530  
Automobiles – 0.4%      

Harley-Davidson, Inc.

     32,567        1,305,937  

Thor Industries, Inc.

     66,400        8,946,736  
     

 

 

 
Total Automobiles

 

     10,252,673  
Banks – 10.4%      

Bank of Hawaii Corp.(a)

     85,068        7,612,735  

Bank OZK

     219,678        8,973,846  

BOK Financial Corp.

     127,798        11,414,917  

Commerce Bancshares, Inc.

     118,511        9,079,128  

Community Bank System, Inc.

     91,889        7,049,724  

Cullen/Frost Bankers, Inc.

     126,891        13,800,665  

East West Bancorp, Inc.

     194,529        14,356,240  

First Citizens BancShares, Inc. Class A

     1,746        1,459,254  

First Financial Bankshares, Inc.

     133,702        6,247,895  

First Hawaiian, Inc.

     364,312        9,971,219  

First Horizon Corp.

     1,559,679        26,374,172  

Glacier Bancorp, Inc.(a)

     161,210        9,201,867  

Home BancShares, Inc.

     301,491        8,155,332  

Pacific Premier Bancorp, Inc.

     220,724        9,588,251  

People’s United Financial, Inc.

     1,413,816        25,307,306  

Pinnacle Financial Partners, Inc.

     53,594        4,751,644  

Popular, Inc.

     158,124        11,119,280  

Prosperity Bancshares, Inc.

     166,843        12,494,872  

Signature Bank

     58,378        13,199,266  

Sterling Bancorp

     89,866        2,068,715  

Synovus Financial Corp.

     366,062        16,747,337  

UMB Financial Corp.

     58,871        5,435,559  

Umpqua Holdings Corp.

     761,558        13,365,343  

United Bankshares, Inc.

     369,974        14,273,597  

Valley National Bancorp(a)

     1,140,913        15,676,145  

Webster Financial Corp.

     217,616        11,992,818  

Western Alliance Bancorp

     103,131        9,739,692  

Wintrust Financial Corp.

     37,913        2,873,805  
     

 

 

 
Total Banks

 

     302,330,624  
Building Products – 2.1%

 

A.O. Smith Corp.

     267,151        18,062,079  

AAON, Inc.(a)

     33,266        2,328,953  

Advanced Drainage Systems, Inc.

     36,639        3,788,106  

Armstrong World Industries, Inc.

     36,453        3,284,051  

Lennox International, Inc.

     45,046      14,035,883  

Owens Corning

     99,819        9,192,332  

Simpson Manufacturing Co., Inc.

     49,510        5,135,672  

UFP Industries, Inc.

     64,208        4,869,535  
     

 

 

 
Total Building Products

 

     60,696,611  
Capital Markets – 5.4%      

Affiliated Managers Group, Inc.

     17,935        2,672,853  

Ares Management Corp. Class A

     422,363        23,664,999  

Artisan Partners Asset Management, Inc. Class A(a)

     376,656        19,650,144  

CBOE Global Markets, Inc.

     125,947        12,429,709  

Cohen & Steers, Inc.

     61,607        4,024,785  

Evercore, Inc. Class A

     87,951        11,586,665  

Franklin Resources, Inc.

     1,331,603        39,415,449  

Houlihan Lokey, Inc.

     89,074        5,924,312  

Interactive Brokers Group, Inc. Class A

     31,359        2,290,461  

LPL Financial Holdings, Inc.

     48,497        6,894,334  

Morningstar, Inc.

     17,168        3,863,487  

SEI Investments Co.

     105,953        6,455,716  

Stifel Financial Corp.

     83,400        5,342,604  

Tradeweb Markets, Inc. Class A

     26,565        1,965,810  

Virtu Financial, Inc. Class A

     302,546        9,394,053  
     

 

 

 
Total Capital Markets

 

     155,575,381  
Chemicals – 5.1%      

Ashland Global Holdings, Inc.

     62,115        5,513,949  

Avient Corp.

     147,788        6,985,939  

Balchem Corp.

     18,065        2,265,532  

CF Industries Holdings, Inc.

     463,487        21,033,040  

Chemours Co. (The)

     441,476        12,321,595  

Element Solutions, Inc.

     339,358        6,206,858  

Huntsman Corp.

     399,609        11,520,727  

Mosaic Co. (The)

     243,382        7,693,305  

NewMarket Corp.

     22,275        8,468,064  

Olin Corp.

     376,375        14,290,959  

Quaker Chemical Corp.

     7,868        1,917,982  

Scotts Miracle-Gro Co. (The)

     77,550        18,997,423  

Sensient Technologies Corp.

     95,959        7,484,802  

Valvoline, Inc.(a)

     283,191        7,382,789  

W.R. Grace & Co.

     106,886        6,398,196  

Westlake Chemical Corp.

     118,083        10,484,590  
     

 

 

 
Total Chemicals

 

     148,965,750  
Commercial Services & Supplies – 0.5%      

Brink’s Co. (The)

     29,497        2,337,047  

MSA Safety, Inc.

     46,455        6,969,179  

Tetra Tech, Inc.

     33,779        4,584,486  

UniFirst Corp.

     5,400        1,208,034  
     

 

 

 
Total Commercial Services & Supplies

 

     15,098,746  
Communications Equipment – 0.7%      

Juniper Networks, Inc.

     855,402        21,667,333  
Construction & Engineering – 0.4%      

EMCOR Group, Inc.

     14,168        1,589,083  

Quanta Services, Inc.

     40,763        3,586,329  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2021

 

 

 

Investments    Shares      Value  

Valmont Industries, Inc.

     25,178      $ 5,984,055  
     

 

 

 
Total Construction & Engineering

 

     11,159,467  
Consumer Finance – 0.8%      

OneMain Holdings, Inc.

     332,784        17,877,156  

SLM Corp.

     354,936        6,378,200  
     

 

 

 
Total Consumer Finance

 

     24,255,356  
Containers & Packaging – 2.5%      

AptarGroup, Inc.

     76,540        10,843,422  

Graphic Packaging Holding Co.

     354,401        6,435,922  

Sealed Air Corp.

     237,561        10,885,045  

Silgan Holdings, Inc.

     164,939        6,932,386  

Sonoco Products Co.

     300,649        19,031,082  

WestRock Co.

     382,905        19,930,205  
     

 

 

 
Total Containers & Packaging

 

     74,058,062  
Diversified Consumer Services – 1.2%      

H&R Block, Inc.

     898,711        19,591,900  

Service Corp. International

     315,453        16,103,875  
     

 

 

 
Total Diversified Consumer Services

 

     35,695,775  
Diversified Financial Services – 0.5%      

Jefferies Financial Group, Inc.

     362,405        10,908,391  

Voya Financial, Inc.

     64,069        4,077,351  
     

 

 

 
Total Diversified Financial Services

 

     14,985,742  
Diversified Telecommunication Services – 0.4%

 

  

Cogent Communications Holdings, Inc.

     166,413        11,442,558  
Electric Utilities – 4.3%      

ALLETE, Inc.

     153,051        10,283,497  

Hawaiian Electric Industries, Inc.(a)

     277,728        12,339,455  

IDACORP, Inc.

     163,202        16,315,304  

NRG Energy, Inc.

     627,652        23,681,310  

OGE Energy Corp.

     711,645        23,028,832  

Pinnacle West Capital Corp.

     333,183        27,104,437  

Portland General Electric Co.

     249,242        11,831,518  
     

 

 

 
Total Electric Utilities

 

     124,584,353  
Electrical Equipment – 1.2%      

Acuity Brands, Inc.

     12,006        1,980,990  

EnerSys

     27,628        2,508,623  

Hubbell, Inc.

     141,325        26,412,229  

Regal Beloit Corp.

     32,297        4,608,136  

Vertiv Holdings Co.

     13,790        275,800  
     

 

 

 
Total Electrical Equipment

 

     35,785,778  
Electronic Equipment, Instruments & Components – 1.1%

 

  

Avnet, Inc.

     185,357        7,694,169  

Dolby Laboratories, Inc. Class A

     65,525        6,468,628  

Jabil, Inc.

     92,498        4,824,696  

Littelfuse, Inc.

     13,363        3,533,712  

National Instruments Corp.

     243,915        10,533,469  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     33,054,674  
Equity Real Estate Investment Trusts (REITs) – 9.1%

 

Agree Realty Corp.

     51,589        3,472,456  

American Campus Communities, Inc.

     136,187        5,879,193  

American Homes 4 Rent Class A

     71,659      2,389,111  

Americold Realty Trust

     125,842        4,841,142  

Brixmor Property Group, Inc.

     308,860        6,248,238  

Camden Property Trust

     71,079        7,812,293  

CoreSite Realty Corp.

     61,401        7,358,910  

Corporate Office Properties Trust

     47,729        1,256,705  

Cousins Properties, Inc.

     117,718        4,161,331  

CubeSmart

     271,252        10,261,463  

CyrusOne, Inc.

     90,794        6,148,570  

Douglas Emmett, Inc.

     151,555        4,758,827  

EastGroup Properties, Inc.

     33,982        4,868,941  

Equity LifeStyle Properties, Inc.

     92,337        5,876,327  

First Industrial Realty Trust, Inc.

     113,797        5,210,765  

Gaming and Leisure Properties, Inc.

     437,401        18,558,924  

Healthcare Realty Trust, Inc.

     203,867        6,181,247  

Healthcare Trust of America, Inc. Class A

     197,656        5,451,352  

Highwoods Properties, Inc.

     75,323        3,234,370  

Hudson Pacific Properties, Inc.

     45,399        1,231,675  

Innovative Industrial Properties, Inc.

     17,670        3,183,427  

Iron Mountain, Inc.

     451,267        16,701,392  

JBG SMITH Properties

     33,342        1,059,942  

Kilroy Realty Corp.

     90,636        5,948,441  

Kimco Realty Corp.

     290,384        5,444,700  

Lamar Advertising Co. Class A

     78,531        7,375,631  

Lexington Realty Trust

     405,005        4,499,605  

Life Storage, Inc.

     72,918        6,267,302  

Medical Properties Trust, Inc.

     736,779        15,678,657  

National Health Investors, Inc.

     65,639        4,744,387  

National Retail Properties, Inc.

     209,695        9,241,259  

Physicians Realty Trust

     252,224        4,456,798  

PotlatchDeltic Corp.

     86,388        4,571,653  

PS Business Parks, Inc.

     13,858        2,142,170  

QTS Realty Trust, Inc. Class A

     53,495        3,318,830  

Rayonier, Inc.

     77,266        2,491,828  

Rexford Industrial Realty, Inc.

     83,491        4,207,946  

Sabra Health Care REIT, Inc.

     299,013        5,190,866  

Safehold, Inc.

     22,824        1,599,962  

SL Green Realty Corp.

     65,269        4,568,177  

Spirit Realty Capital, Inc.

     158,710        6,745,175  

STAG Industrial, Inc.

     172,160        5,786,298  

STORE Capital Corp.

     267,680        8,967,280  

Terreno Realty Corp.

     58,059        3,354,068  

UDR, Inc.

     255,838        11,221,055  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     263,968,689  
Food & Staples Retailing – 0.8%      

Albertsons Cos., Inc. Class A(a)

     879,571        16,773,419  

Casey’s General Stores, Inc.

     28,460        6,152,767  
     

 

 

 
Total Food & Staples Retailing

 

     22,926,186  
Food Products – 1.9%      

Flowers Foods, Inc.

     802,936        19,109,877  

Ingredion, Inc.

     151,424        13,616,046  

J&J Snack Foods Corp.

     20,148        3,163,841  

Lamb Weston Holdings, Inc.

     122,791        9,513,847  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2021

 

 

 

Investments    Shares      Value  

Lancaster Colony Corp.

     33,739      $ 5,916,471  

Sanderson Farms, Inc.

     19,262        3,000,634  

Seaboard Corp.

     183        675,268  
     

 

 

 
Total Food Products

 

     54,995,984  
Gas Utilities – 2.6%      

National Fuel Gas Co.

     270,335        13,514,046  

New Jersey Resources Corp.

     275,584        10,987,534  

ONE Gas, Inc.

     101,013        7,768,910  

Southwest Gas Holdings, Inc.

     144,186        9,907,020  

Spire, Inc.

     148,582        10,978,724  

UGI Corp.

     552,881        22,673,650  
     

 

 

 
Total Gas Utilities

 

     75,829,884  
Health Care Equipment & Supplies – 0.5%      

CONMED Corp.

     15,950        2,082,911  

Dentsply Sirona, Inc.

     116,309        7,421,677  

Hill-Rom Holdings, Inc.

     43,128        4,764,781  
     

 

 

 
Total Health Care Equipment & Supplies

 

     14,269,369  
Health Care Providers & Services – 0.6%      

Chemed Corp.

     4,849        2,229,667  

Encompass Health Corp.

     94,008        7,699,255  

Ensign Group, Inc. (The)

     19,245        1,805,951  

Premier, Inc. Class A

     181,552        6,145,535  
     

 

 

 
Total Health Care Providers & Services

 

     17,880,408  
Hotels, Restaurants & Leisure – 0.9%      

Churchill Downs, Inc.(a)

     16,511        3,754,932  

Travel + Leisure Co.

     182,121        11,138,520  

Wendy’s Co. (The)

     262,977        5,327,914  

Wingstop, Inc.

     2,691        342,215  

Wyndham Hotels & Resorts, Inc.

     69,081        4,820,472  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     25,384,053  
Household Durables – 2.5%      

KB Home

     112,352        5,227,738  

Leggett & Platt, Inc.

     367,006        16,753,824  

MDC Holdings, Inc.

     165,075        9,805,455  

Newell Brands, Inc.

     1,352,247        36,213,175  

Toll Brothers, Inc.

     89,480        5,076,200  
     

 

 

 
Total Household Durables

 

     73,076,392  
Household Products – 1.1%      

Energizer Holdings, Inc.(a)

     136,696        6,487,592  

Reynolds Consumer Products, Inc.(a)

     439,538        13,089,442  

Spectrum Brands Holdings, Inc.

     73,058        6,209,930  

WD-40 Co.

     15,686        4,802,739  
     

 

 

 
Total Household Products

 

     30,589,703  
Independent Power & Renewable Electricity Producers – 1.2%

 

Clearway Energy, Inc. Class C(a)

     511,559        14,395,270  

Ormat Technologies, Inc.

     22,882        1,796,924  

Vistra Corp.

     1,026,990        18,157,183  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     34,349,377  
Industrial Conglomerates – 0.3%      

Carlisle Cos., Inc.

     50,837        8,366,753  
Insurance – 6.8%

 

American Financial Group, Inc.

     117,866      13,448,511  

Assurant, Inc.

     69,914        9,911,708  

CNA Financial Corp.

     637,726        28,461,711  

CNO Financial Group, Inc.

     257,671        6,258,828  

Erie Indemnity Co. Class A

     68,161        15,057,446  

Fidelity National Financial, Inc.

     671,609        27,307,622  

First American Financial Corp.

     238,018        13,483,720  

Globe Life, Inc.

     49,413        4,774,778  

Hanover Insurance Group, Inc. (The)

     73,711        9,542,626  

Kemper Corp.

     89,239        7,114,133  

Kinsale Capital Group, Inc.

     3,272        539,226  

Old Republic International Corp.

     812,395        17,742,707  

Primerica, Inc.

     41,367        6,114,870  

Reinsurance Group of America, Inc.

     95,553        12,044,456  

RLI Corp.

     37,957        4,234,862  

Selective Insurance Group, Inc.

     57,246        4,152,625  

Unum Group

     595,154        16,563,136  
     

 

 

 
Total Insurance

 

     196,752,965  
IT Services – 1.6%      

Alliance Data Systems Corp.

     15,213        1,705,225  

MAXIMUS, Inc.

     66,444        5,916,174  

Perspecta, Inc.

     138,632        4,027,259  

TTEC Holdings, Inc.

     57,260        5,751,767  

Western Union Co. (The)

     1,188,057        29,297,486  
     

 

 

 
Total IT Services

 

     46,697,911  
Leisure Products – 1.1%      

Acushnet Holdings Corp.

     84,043        3,473,497  

Brunswick Corp.

     122,837        11,714,965  

Polaris, Inc.

     116,225        15,516,037  
     

 

 

 
Total Leisure Products

 

     30,704,499  
Life Sciences Tools & Services – 0.1%      

Bruker Corp.

     48,823        3,138,342  
Machinery – 5.0%      

AGCO Corp.

     56,529        8,120,391  

Allison Transmission Holdings, Inc.

     126,879        5,180,470  

Altra Industrial Motion Corp.

     25,098        1,388,421  

Crane Co.

     92,488        8,685,548  

Donaldson Co., Inc.

     204,999        11,922,742  

Flowserve Corp.

     197,972        7,683,293  

Franklin Electric Co., Inc.

     42,439        3,350,135  

Hillenbrand, Inc.

     116,654        5,565,562  

ITT, Inc.

     79,475        7,225,072  

John Bean Technologies Corp.

     7,741        1,032,185  

Kennametal, Inc.

     123,029        4,917,469  

Lincoln Electric Holdings, Inc.

     107,460        13,211,132  

Oshkosh Corp.

     73,420        8,712,017  

Rexnord Corp.

     106,500        5,015,085  

Snap-on, Inc.

     104,890        24,202,319  

Timken Co. (The)

     123,827        10,051,038  

Toro Co. (The)

     125,395        12,933,240  

Watts Water Technologies, Inc. Class A

     22,609        2,686,175  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2021

 

 

 

Investments    Shares      Value  

Woodward, Inc.

     20,698      $ 2,496,800  
     

 

 

 
Total Machinery

 

     144,379,094  
Media – 2.3%

 

Interpublic Group of Cos., Inc. (The)

     1,181,700        34,505,640  

New York Times Co. (The) Class A

     83,052        4,204,092  

News Corp. Class A

     463,419        11,784,745  

Nexstar Media Group, Inc. Class A

     66,417        9,326,940  

TEGNA, Inc.

     299,957        5,648,190  
     

 

 

 
Total Media

 

     65,469,607  
Metals & Mining – 1.9%      

Reliance Steel & Aluminum Co.

     140,116        21,338,266  

Royal Gold, Inc.

     50,784        5,465,374  

Steel Dynamics, Inc.

     383,139        19,448,136  

United States Steel Corp.

     47,355        1,239,280  

Worthington Industries, Inc.

     111,821        7,502,071  
     

 

 

 
Total Metals & Mining

 

     54,993,127  
Multi-Utilities – 2.4%      

Black Hills Corp.(a)

     170,220        11,365,589  

MDU Resources Group, Inc.

     733,364        23,181,636  

NiSource, Inc.

     999,358        24,094,521  

NorthWestern Corp.

     152,853        9,966,016  
     

 

 

 
Total Multi-Utilities

 

     68,607,762  
Oil, Gas & Consumable Fuels – 3.8%      

Antero Midstream Corp.(a)

     4,894,659        44,198,771  

APA Corp.

     122,258        2,188,418  

Cabot Oil & Gas Corp.(a)

     669,443        12,572,140  

Cimarex Energy Co.

     165,996        9,858,502  

Diamondback Energy, Inc.

     336,869        24,756,503  

Marathon Oil Corp.

     945,443        10,097,331  

Targa Resources Corp.

     171,985        5,460,524  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     109,132,189  
Paper & Forest Products – 0.3%      

Louisiana-Pacific Corp.

     175,042        9,707,829  
Professional Services – 2.0%      

CoreLogic, Inc.

     140,096        11,102,608  

Exponent, Inc.

     48,049        4,682,375  

Insperity, Inc.

     75,048        6,284,520  

KBR, Inc.

     150,109        5,762,684  

ManpowerGroup, Inc.

     104,978        10,382,324  

Robert Half International, Inc.

     172,389        13,458,409  

Science Applications International Corp.

     62,235        5,202,224  
     

 

 

 
Total Professional Services

 

     56,875,144  
Road & Rail – 0.9%      

Knight-Swift Transportation Holdings, Inc.

     93,279        4,485,787  

Landstar System, Inc.

     24,583        4,057,670  

Ryder System, Inc.

     207,408        15,690,415  

Werner Enterprises, Inc.

     65,657        3,097,041  
     

 

 

 
Total Road & Rail

 

     27,330,913  
Semiconductors & Semiconductor Equipment – 0.8%

 

Amkor Technology, Inc.

     189,085        4,483,205  

Brooks Automation, Inc.

     37,036      3,023,989  

CMC Materials, Inc.

     25,315        4,475,439  

MKS Instruments, Inc.

     32,056        5,943,824  

Power Integrations, Inc.

     38,216        3,113,840  

Universal Display Corp.

     8,578        2,031,013  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     23,071,310  
Software – 1.0%      

CDK Global, Inc.

     101,492        5,486,658  

NortonLifeLock, Inc.

     1,073,598        22,824,693  

Pegasystems, Inc.

     10,337        1,181,933  
     

 

 

 
Total Software

 

     29,493,284  
Specialty Retail – 2.6%      

Advance Auto Parts, Inc.

     30,354        5,569,656  

Dick’s Sporting Goods, Inc.(a)

     166,921        12,711,034  

Foot Locker, Inc.

     105,005        5,906,531  

Lithia Motors, Inc. Class A

     12,615        4,920,985  

Murphy USA, Inc.

     24,686        3,568,608  

Penske Automotive Group, Inc.

     166,292        13,343,270  

Williams-Sonoma, Inc.

     165,509        29,659,213  
     

 

 

 
Total Specialty Retail

 

     75,679,297  
Technology Hardware, Storage & Peripherals – 0.5%

 

Xerox Holdings Corp.

     621,252        15,077,786  
Textiles, Apparel & Luxury Goods – 0.7%      

Hanesbrands, Inc.(a)

     1,066,826        20,984,467  
Thrifts & Mortgage Finance – 2.1%      

MGIC Investment Corp.

     396,664        5,493,796  

New York Community Bancorp, Inc.

     1,845,022        23,284,178  

PennyMac Financial Services, Inc.(a)

     64,310        4,300,410  

Radian Group, Inc.

     296,269        6,888,254  

TFS Financial Corp.

     1,055,024        21,490,839  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     61,457,477  
Trading Companies & Distributors – 2.0%      

Air Lease Corp.

     120,558        5,907,342  

Applied Industrial Technologies, Inc.

     68,118        6,210,318  

GATX Corp.

     55,690        5,164,691  

MSC Industrial Direct Co., Inc. Class A

     114,698        10,344,613  

Watsco, Inc.

     113,139        29,500,994  
     

 

 

 
Total Trading Companies & Distributors

 

     57,127,958  
Water Utilities – 0.7%      

American States Water Co.

     67,754        5,123,557  

Essential Utilities, Inc.

     367,410        16,441,598  
     

 

 

 
Total Water Utilities

 

     21,565,155  

TOTAL COMMON STOCKS

(Cost: $2,397,321,761)

 

 

     2,886,717,276  
EXCHANGE-TRADED FUND – 0.4%      
United States – 0.4%      
WisdomTree U.S. LargeCap Dividend Fund(a)(b)
(Cost: $10,991,484)
     108,310        12,420,991  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2021

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%

 

United States – 0.4%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(c)

     
(Cost: $10,426,767)      10,426,767      $ 10,426,767  

TOTAL INVESTMENTS IN SECURITIES – 100.2%

(Cost: $2,418,740,012)

 

 

     2,909,565,034  

Other Assets less Liabilities – (0.2)%

 

     (5,070,675
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,904,494,359  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $38,109,127 and the total market value of the collateral held by the Fund was $39,841,946. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $29,415,179.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES                    

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree U.S. LargeCap Dividend Fund

  $ 8,731,483     $ 45,965,443     $ 45,053,432     $ 1,232,890     $ 1,544,607     $ 12,420,991     $ 308,467  

 

FAIR VALUATION SUMMARY                        

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

   $ 2,886,717,276      $      $      $ 2,886,717,276  

Exchange-Traded Fund

     12,420,991                      12,420,991  

Investment of Cash Collateral for Securities Loaned

            10,426,767               10,426,767  

Total Investments in Securities

   $ 2,899,138,267      $ 10,426,767      $      $ 2,909,565,034  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%

 

United States – 99.6%

 

Aerospace & Defense – 1.9%

 

Aerojet Rocketdyne Holdings, Inc.

     22,938      $ 1,077,168  

BWX Technologies, Inc.

     31,174        2,055,613  

Curtiss-Wright Corp.

     16,688        1,979,197  

Hexcel Corp.

     15,648        876,288  

Huntington Ingalls Industries, Inc.

     21,656        4,457,887  

Kratos Defense & Security Solutions, Inc.*(a)

     11,535        314,675  

Mercury Systems, Inc.*

     7,872        556,157  

Moog, Inc. Class A

     14,504        1,206,008  

Parsons Corp.*(a)

     17,579        710,895  
     

 

 

 
Total Aerospace & Defense

 

     13,233,888  
Auto Components – 0.6%      

Dana, Inc.

     30,387        739,316  

Dorman Products, Inc.*

     7,090        727,718  

Fox Factory Holding Corp.*

     7,525        956,126  

LCI Industries

     8,205        1,085,357  

Visteon Corp.*

     3,176        387,313  
     

 

 

 
Total Auto Components

 

     3,895,830  
Automobiles – 0.5%      

Harley-Davidson, Inc.

     30,493        1,222,769  

Thor Industries, Inc.

     16,846        2,269,830  
     

 

 

 
Total Automobiles

 

     3,492,599  
Banks – 10.9%      

Ameris Bancorp

     28,540        1,498,635  

Associated Banc-Corp.

     19,709        420,590  

Atlantic Union Bankshares Corp.

     14,964        574,019  

BancorpSouth Bank

     33,156        1,076,907  

Bank of Hawaii Corp.

     7,747        693,279  

Bank OZK

     54,138        2,211,537  

BankUnited, Inc.

     26,136        1,148,677  

BOK Financial Corp.

     30,733        2,745,072  

Cathay General Bancorp

     29,512        1,203,499  

Columbia Banking System, Inc.

     11,348        488,985  

Commerce Bancshares, Inc.

     25,408        1,946,507  

Community Bank System, Inc.

     9,572        734,364  

Cullen/Frost Bankers, Inc.

     20,159        2,192,493  

CVB Financial Corp.

     32,999        728,948  

East West Bancorp, Inc.

     67,841        5,006,666  

First Citizens BancShares, Inc. Class A

     4,396        3,674,045  

First Financial Bankshares, Inc.

     20,376        952,170  

First Hawaiian, Inc.

     34,006        930,744  

First Horizon Corp.

     283,582        4,795,372  

Glacier Bancorp, Inc.

     28,578        1,631,232  

Hilltop Holdings, Inc.

     69,934        2,386,847  

Home BancShares, Inc.

     45,774        1,238,187  

Independent Bank Corp.

     5,153        433,831  

Independent Bank Group, Inc.

     15,042        1,086,634  

Investors Bancorp, Inc.

     83,097        1,220,695  

Old National Bancorp

     51,140        989,048  

Pacific Premier Bancorp, Inc.

     9,342        405,816  

People’s United Financial, Inc.

     220,490        3,946,771  

Pinnacle Financial Partners, Inc.

     23,288      2,064,714  

Prosperity Bancshares, Inc.

     44,183        3,308,865  

Signature Bank

     22,933        5,185,151  

Simmons First National Corp. Class A

     64,543        1,914,991  

Sterling Bancorp

     62,637        1,441,904  

Synovus Financial Corp.

     66,466        3,040,820  

Texas Capital Bancshares, Inc.*

     5,195        368,429  

UMB Financial Corp.

     11,581        1,069,274  

Umpqua Holdings Corp.

     37,937        665,794  

United Bankshares, Inc.

     39,305        1,516,387  

Valley National Bancorp

     202,882        2,787,599  

Webster Financial Corp.

     27,640        1,523,240  

Western Alliance Bancorp

     42,865        4,048,171  

Wintrust Financial Corp.

     20,421        1,547,912  
     

 

 

 
Total Banks

 

     76,844,821  
Beverages – 0.2%      

Celsius Holdings, Inc.*(a)

     6,700        321,935  

National Beverage Corp.(a)

     25,921        1,267,796  
     

 

 

 
Total Beverages

 

     1,589,731  
Biotechnology – 1.9%      

Arena Pharmaceuticals, Inc.*

     43,139        2,993,415  

Blueprint Medicines Corp.*

     21,138        2,055,248  

Emergent BioSolutions, Inc.*

     17,223        1,600,189  

Exelixis, Inc.*

     63,724        1,439,525  

Halozyme Therapeutics, Inc.*(a)

     13,359        556,936  

Ionis Pharmaceuticals, Inc.*

     16,078        722,867  

United Therapeutics Corp.*

     22,755        3,806,229  
     

 

 

 
Total Biotechnology

 

     13,174,409  
Building Products – 2.4%      

AAON, Inc.(a)

     10,310        721,803  

Advanced Drainage Systems, Inc.

     37,069        3,832,564  

Armstrong World Industries, Inc.

     12,960        1,167,566  

Builders FirstSource, Inc.*

     71,373        3,309,566  

Gibraltar Industries, Inc.*

     10,498        960,672  

JELD-WEN Holding, Inc.*

     25,765        713,433  

Resideo Technologies, Inc.*

     83,720        2,365,090  

Simpson Manufacturing Co., Inc.

     14,659        1,520,578  

UFP Industries, Inc.

     29,637        2,247,670  
     

 

 

 
Total Building Products

 

     16,838,942  
Capital Markets – 2.8%      

Affiliated Managers Group, Inc.

     5,858        873,018  

Artisan Partners Asset Management, Inc. Class A

     13,467        702,573  

Cohen & Steers, Inc.

     5,568        363,758  

Evercore, Inc. Class A

     13,515        1,780,466  

Federated Hermes, Inc. Class B

     52,154        1,632,420  

Hamilton Lane, Inc. Class A

     3,397        300,838  

Houlihan Lokey, Inc.

     11,142        741,055  

Interactive Brokers Group, Inc. Class A

     13,907        1,015,767  

LPL Financial Holdings, Inc.

     35,934        5,108,378  

Moelis & Co. Class A

     5,126        281,315  

Stifel Financial Corp.

     46,085        2,952,205  

Tradeweb Markets, Inc. Class A

     8,844        654,456  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Virtu Financial, Inc. Class A

     113,948      $ 3,538,085  
     

 

 

 
Total Capital Markets

 

     19,944,334  
Chemicals – 2.2%      

Ashland Global Holdings, Inc.

     10,778        956,763  

Avient Corp.

     12,482        590,024  

Balchem Corp.

     6,004        752,962  

Cabot Corp.

     22,722        1,191,542  

Chemours Co. (The)

     25,765        719,101  

Element Solutions, Inc.

     77,151        1,411,092  

H.B. Fuller Co.(a)

     17,241        1,084,631  

Ingevity Corp.*

     20,108        1,518,757  

Livent Corp.*(a)

     14,079        243,848  

NewMarket Corp.

     4,034        1,533,565  

Quaker Chemical Corp.

     2,240        546,045  

Sensient Technologies Corp.

     9,198        717,444  

Stepan Co.

     7,972        1,013,321  

Valvoline, Inc.

     92,437        2,409,833  

W.R. Grace & Co.

     16,017        958,778  
     

 

 

 
Total Chemicals

 

     15,647,706  
Commercial Services & Supplies – 1.4%      

ABM Industries, Inc.

     28,275        1,442,308  

Brady Corp. Class A

     18,741        1,001,706  

Brink’s Co. (The)

     8,776        695,322  

Casella Waste Systems, Inc. Class A*

     7,030        446,897  

Clean Harbors, Inc.*

     9,915        833,455  

Herman Miller, Inc.

     36,814        1,514,896  

MSA Safety, Inc.

     7,556        1,133,551  

Stericycle, Inc.*

     9,768        659,438  

Tetra Tech, Inc.

     11,026        1,496,449  

UniFirst Corp.

     4,612        1,031,751  
     

 

 

 
Total Commercial Services & Supplies

 

     10,255,773  
Communications Equipment – 1.2%      

Ciena Corp.*

     59,660        3,264,595  

Juniper Networks, Inc.

     119,506        3,027,087  

Lumentum Holdings, Inc.*(a)

     15,477        1,413,824  

ViaSat, Inc.*

     7,308        351,296  

Viavi Solutions, Inc.*

     31,813        499,464  
     

 

 

 
Total Communications Equipment

 

     8,556,266  
Construction & Engineering – 1.3%      

Arcosa, Inc.

     17,047        1,109,589  

EMCOR Group, Inc.

     25,143        2,820,039  

MasTec, Inc.*(a)

     30,157        2,825,711  

Valmont Industries, Inc.

     7,369        1,751,390  

WillScot Mobile Mini Holdings Corp.*(a)

     23,705        657,814  
     

 

 

 
Total Construction & Engineering

 

     9,164,543  
Construction Materials – 0.5%      

Eagle Materials, Inc.

     18,885        2,538,333  

Summit Materials, Inc. Class A*

     33,841        948,225  
     

 

 

 
Total Construction Materials

 

     3,486,558  
Consumer Finance – 2.0%      

Credit Acceptance Corp.*(a)

     7,020        2,528,815  

FirstCash, Inc.

     6,449      423,506  

Green Dot Corp. Class A*

     5,277        241,634  

OneMain Holdings, Inc.

     87,331        4,691,421  

Prog Holdings, Inc.

     19,871        860,215  

SLM Corp.

     295,244        5,305,535  
     

 

 

 
Total Consumer Finance

 

     14,051,126  
Containers & Packaging – 2.7%      

Berry Global Group, Inc.*

     86,076        5,285,066  

Graphic Packaging Holding Co.

     143,344        2,603,127  

Greif, Inc. Class A

     30,810        1,756,170  

Sealed Air Corp.

     77,883        3,568,599  

Silgan Holdings, Inc.

     82,420        3,464,113  

Sonoco Products Co.

     38,277        2,422,934  
     

 

 

 
Total Containers & Packaging

 

     19,100,009  
Diversified Consumer Services – 1.1%      

frontdoor, Inc.*

     20,554        1,104,777  

Grand Canyon Education, Inc.*

     19,656        2,105,158  

H&R Block, Inc.

     148,543        3,238,237  

Strategic Education, Inc.

     9,927        912,391  

Terminix Global Holdings, Inc.*

     15,640        745,559  
     

 

 

 
Total Diversified Consumer Services

 

     8,106,122  
Diversified Financial Services – 0.5%      

Jefferies Financial Group, Inc.

     129,245        3,890,274  
Diversified Telecommunication Services – 0.1%

 

Cogent Communications Holdings, Inc.

     6,047        415,792  
Electric Utilities – 0.9%      

ALLETE, Inc.

     17,722        1,190,741  

Hawaiian Electric Industries, Inc.

     39,048        1,734,903  

IDACORP, Inc.

     15,016        1,501,150  

MGE Energy, Inc.

     8,431        601,889  

Portland General Electric Co.

     24,292        1,153,141  
     

 

 

 
Total Electric Utilities

 

     6,181,824  
Electrical Equipment – 1.2%      

Acuity Brands, Inc.

     16,361        2,699,565  

EnerSys

     12,394        1,125,375  

GrafTech International Ltd.

     203,838        2,492,939  

Regal Beloit Corp.

     11,897        1,697,464  

Vicor Corp.*

     3,223        274,052  
     

 

 

 
Total Electrical Equipment

 

     8,289,395  
Electronic Equipment, Instruments & Components – 2.8%

 

Arrow Electronics, Inc.*

     46,401        5,142,159  

Avnet, Inc.

     17,985        746,557  

Badger Meter, Inc.(a)

     4,985        463,954  

Coherent, Inc.*

     2,284        577,601  

Dolby Laboratories, Inc. Class A

     15,135        1,494,127  

II-VI, Inc.*(a)

     10,466        715,560  

Insight Enterprises, Inc.*(a)

     17,969        1,714,602  

Itron, Inc.*

     4,684        415,237  

Jabil, Inc.

     70,794        3,692,615  

Littelfuse, Inc.

     3,891        1,028,936  

National Instruments Corp.

     17,246        744,769  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Plexus Corp.*

     12,543      $ 1,151,949  

Rogers Corp.*

     3,158        594,367  

Vishay Intertechnology, Inc.

     55,358        1,333,021  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     19,815,454  
Entertainment – 0.1%      

Madison Square Garden Sports Corp. Class A*

     2,605        467,493  
Equity Real Estate Investment Trusts (REITs) – 4.9%

 

Agree Realty Corp.

     10,401        700,091  

American Campus Communities, Inc.

     13,332        575,542  

Brixmor Property Group, Inc.

     76,267        1,542,881  

CoreSite Realty Corp.

     5,593        670,321  

Corporate Office Properties Trust

     27,531        724,891  

Cousins Properties, Inc.

     59,833        2,115,097  

CubeSmart

     40,291        1,524,209  

Douglas Emmett, Inc.

     18,155        570,067  

EastGroup Properties, Inc.

     5,523        791,336  

Essential Properties Realty Trust, Inc.

     22,516        514,040  

First Industrial Realty Trust, Inc.

     19,485        892,218  

Healthcare Realty Trust, Inc.

     14,292        433,333  

Healthcare Trust of America, Inc. Class A

     23,302        642,669  

Highwoods Properties, Inc.

     31,276        1,342,992  

Hudson Pacific Properties, Inc.

     16,288        441,893  

Innovative Industrial Properties, Inc.

     2,777        500,304  

JBG SMITH Properties

     17,549        557,883  

Kilroy Realty Corp.

     18,928        1,242,245  

Kimco Realty Corp.

     98,354        1,844,138  

Lamar Advertising Co. Class A

     23,435        2,201,015  

Lexington Realty Trust

     34,387        382,040  

Life Storage, Inc.

     14,785        1,270,771  

National Health Investors, Inc.

     18,940        1,368,983  

National Retail Properties, Inc.

     45,528        2,006,419  

National Storage Affiliates Trust

     9,915        395,906  

Physicians Realty Trust

     25,088        443,305  

PotlatchDeltic Corp.

     18,772        993,414  

PS Business Parks, Inc.

     5,446        841,843  

QTS Realty Trust, Inc. Class A

     6,861        425,656  

Rayonier, Inc.

     14,501        467,657  

Rexford Industrial Realty, Inc.

     13,351        672,890  

Sabra Health Care REIT, Inc.

     51,199        888,815  

Safehold, Inc.

     7,057        494,696  

SL Green Realty Corp.

     22,982        1,608,510  

Spirit Realty Capital, Inc.

     14,295        607,538  

STAG Industrial, Inc.

     17,456        586,696  

Terreno Realty Corp.

     8,477        489,716  

Weingarten Realty Investors

     25,603        688,977  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     34,460,997  
Food & Staples Retailing – 1.3%      

BJ’s Wholesale Club Holdings, Inc.*(a)

     70,219        3,150,024  

Casey’s General Stores, Inc.

     12,175        2,632,113  

Grocery Outlet Holding Corp.*

     10,038        370,302  

PriceSmart, Inc.

     7,492        724,851  

Sprouts Farmers Market, Inc.*

     93,309        2,483,886  
     

 

 

 
Total Food & Staples Retailing

 

     9,361,176  
Food Products – 1.8%      

Flowers Foods, Inc.

     73,155      1,741,089  

Freshpet, Inc.*

     4,371        694,158  

Hain Celestial Group, Inc. (The)*

     17,490        762,564  

Ingredion, Inc.

     33,716        3,031,743  

J&J Snack Foods Corp.

     1,958        307,465  

Lancaster Colony Corp.

     6,093        1,068,468  

Pilgrim’s Pride Corp.*

     74,483        1,771,951  

Post Holdings, Inc.*

     15,045        1,590,557  

TreeHouse Foods, Inc.*(a)

     34,886        1,822,445  
     

 

 

 
Total Food Products

 

     12,790,440  
Gas Utilities – 1.9%      

National Fuel Gas Co.

     44,369        2,218,006  

New Jersey Resources Corp.

     27,305        1,088,650  

ONE Gas, Inc.

     16,279        1,252,018  

South Jersey Industries, Inc.

     40,326        910,561  

Southwest Gas Holdings, Inc.

     24,709        1,697,755  

Spire, Inc.

     18,981        1,402,506  

UGI Corp.

     120,440        4,939,245  
     

 

 

 
Total Gas Utilities

 

     13,508,741  
Health Care Equipment & Supplies – 1.6%      

Cantel Medical Corp.*

     5,787        462,034  

CONMED Corp.

     2,963        386,938  

Envista Holdings Corp.*(a)

     51,642        2,106,994  

Globus Medical, Inc. Class A*

     14,040        865,847  

Haemonetics Corp.*

     6,669        740,326  

Hill-Rom Holdings, Inc.

     20,136        2,224,625  

ICU Medical, Inc.*

     4,803        986,728  

Inari Medical, Inc.*

     5,248        561,536  

Integer Holdings Corp.*

     8,094        745,457  

Integra LifeSciences Holdings Corp.*

     13,221        913,439  

Merit Medical Systems, Inc.*(a)

     6,044        361,915  

Neogen Corp.*

     6,675        593,341  

STAAR Surgical Co.*(a)

     4,345        458,006  
     

 

 

 
Total Health Care Equipment & Supplies

 

     11,407,186  
Health Care Providers & Services – 1.8%      

Acadia Healthcare Co., Inc.*

     29,265        1,672,202  

AMN Healthcare Services, Inc.*

     14,226        1,048,456  

Ensign Group, Inc. (The)

     14,041        1,317,607  

HealthEquity, Inc.*(a)

     8,942        608,056  

LHC Group, Inc.*

     3,929        751,264  

Patterson Cos., Inc.

     27,077        865,110  

Premier, Inc. Class A

     41,374        1,400,510  

Progyny, Inc.*

     8,021        357,015  

R1 RCM, Inc.*

     19,851        489,923  

Select Medical Holdings Corp.*

     62,869        2,143,833  

Tenet Healthcare Corp.*

     39,833        2,071,316  
     

 

 

 
Total Health Care Providers & Services

 

     12,725,292  
Health Care Technology – 0.2%

 

HMS Holdings Corp.*

     14,648        541,610  

Omnicell, Inc.*(a)

     4,048        525,714  
     

 

 

 
Total Health Care Technology

 

     1,067,324  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2021

 

 

 

Investments    Shares      Value  
Hotels, Restaurants & Leisure – 1.3%      

Brinker International, Inc.

     6,332      $ 449,952  

Choice Hotels International, Inc.

     8,111        870,229  

Churchill Downs, Inc.

     3,861        878,069  

Hilton Grand Vacations, Inc.*

     8,998        337,335  

Hyatt Hotels Corp. Class A

     16,114        1,332,628  

Marriott Vacations Worldwide Corp.

     4,530        789,035  

Papa John’s International, Inc.

     3,946        349,773  

Texas Roadhouse, Inc.

     7,198        690,576  

Travel + Leisure Co.

     8,950        547,382  

Wendy’s Co. (The)

     38,730        784,670  

Wingstop, Inc.

     3,074        390,921  

Wyndham Hotels & Resorts, Inc.

     20,422        1,425,047  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     8,845,617  
Household Durables – 4.0%      

Installed Building Products, Inc.

     7,681        851,669  

iRobot Corp.*(a)

     8,645        1,056,246  

KB Home

     80,517        3,746,456  

Leggett & Platt, Inc.

     44,334        2,023,847  

LGI Homes, Inc.*(a)

     14,923        2,228,153  

MDC Holdings, Inc.

     52,886        3,141,429  

Meritage Homes Corp.*

     30,076        2,764,586  

Sonos, Inc.*

     12,688        475,419  

Taylor Morrison Home Corp. Class A*

     62,798        1,934,807  

Tempur Sealy International, Inc.

     53,231        1,946,125  

Toll Brothers, Inc.

     67,183        3,811,292  

TopBuild Corp.*

     9,870        2,067,074  

Tri Pointe Homes, Inc.*

     118,145        2,405,432  
     

 

 

 
Total Household Durables

 

     28,452,535  
Household Products – 0.8%      

Energizer Holdings, Inc.

     31,440        1,492,142  

Reynolds Consumer Products, Inc.

     80,702        2,403,306  

Spectrum Brands Holdings, Inc.

     17,779        1,511,215  

WD-40 Co.

     1,979        605,930  
     

 

 

 
Total Household Products

 

     6,012,593  
Independent Power & Renewable Electricity Producers – 0.2%

 

Clearway Energy, Inc. Class C

     18,610        523,686  

Ormat Technologies, Inc.

     7,106        558,034  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     1,081,720  
Insurance – 4.4%      

American Equity Investment Life Holding Co.

     83,587        2,635,498  

American National Group, Inc.

     14,089        1,519,780  

CNO Financial Group, Inc.

     51,790        1,257,979  

First American Financial Corp.

     84,181        4,768,854  

Genworth Financial, Inc. Class A*

     363,961        1,208,351  

Goosehead Insurance, Inc. Class A

     1,930        206,857  

Hanover Insurance Group, Inc. (The)

     13,981        1,809,980  

Kemper Corp.

     32,673        2,604,692  

Kinsale Capital Group, Inc.

     2,402        395,850  

Mercury General Corp.

     24,908        1,514,656  

Old Republic International Corp.

     188,569        4,118,347  

Primerica, Inc.

     15,513        2,293,132  

RLI Corp.

     4,662      520,139  

Selective Insurance Group, Inc.

     13,634        989,010  

Selectquote, Inc.*

     15,542        458,644  

Unum Group

     182,507        5,079,170  
     

 

 

 
Total Insurance

 

     31,380,939  
Interactive Media & Services – 0.1%      

Cargurus, Inc.*

     20,633        491,684  
Internet & Direct Marketing Retail – 0.3%      

Overstock.com, Inc.*

     5,438        360,322  

Shutterstock, Inc.

     7,079        630,314  

Stamps.com, Inc.*

     5,140        1,025,481  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     2,016,117  
IT Services – 2.2%      

Alliance Data Systems Corp.

     44,991        5,043,041  

DXC Technology Co.

     145,158        4,537,639  

Euronet Worldwide, Inc.*

     7,176        992,441  

ExlService Holdings, Inc.*

     6,891        621,293  

MAXIMUS, Inc.

     21,656        1,928,250  

Perspecta, Inc.

     30,456        884,747  

TTEC Holdings, Inc.

     13,707        1,376,868  
     

 

 

 
Total IT Services

 

     15,384,279  
Leisure Products – 1.3%      

Acushnet Holdings Corp.

     21,966        907,855  

Brunswick Corp.

     33,549        3,199,568  

Mattel, Inc.*

     37,768        752,339  

Polaris, Inc.

     23,867        3,186,244  

YETI Holdings, Inc.*(a)

     11,544        833,592  
     

 

 

 
Total Leisure Products

 

     8,879,598  
Life Sciences Tools & Services – 0.6%      

Medpace Holdings, Inc.*

     6,535        1,072,067  

PRA Health Sciences, Inc.*

     11,823        1,812,821  

Syneos Health, Inc.*

     21,123        1,602,179  
     

 

 

 
Total Life Sciences Tools & Services

 

     4,487,067  
Machinery – 5.4%      

AGCO Corp.

     31,535        4,530,003  

Albany International Corp. Class A

     12,338        1,029,853  

Allison Transmission Holdings, Inc.

     51,689        2,110,462  

Altra Industrial Motion Corp.

     17,611        974,241  

Barnes Group, Inc.

     16,513        818,054  

Chart Industries, Inc.*

     4,590        653,386  

Colfax Corp.*(a)

     18,414        806,717  

Crane Co.

     23,476        2,204,631  

Donaldson Co., Inc.

     32,394        1,884,035  

ESCO Technologies, Inc.

     5,872        639,402  

Evoqua Water Technologies Corp.*

     33,658        885,205  

Flowserve Corp.

     38,185        1,481,960  

Franklin Electric Co., Inc.

     11,105        876,629  

Hillenbrand, Inc.

     35,080        1,673,667  

ITT, Inc.

     13,884        1,262,194  

John Bean Technologies Corp.

     8,959        1,194,593  

Kennametal, Inc.

     17,704        707,629  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Lincoln Electric Holdings, Inc.

     13,553      $ 1,666,206  

Oshkosh Corp.

     26,269        3,117,080  

Proto Labs, Inc.*

     3,289        400,436  

RBC Bearings, Inc.*

     4,768        938,199  

Rexnord Corp.

     32,905        1,549,496  

SPX Corp.*

     15,482        902,136  

SPX FLOW, Inc.

     7,203        456,166  

Timken Co. (The)

     29,075        2,360,018  

Trinity Industries, Inc.

     17,626        502,165  

Watts Water Technologies, Inc. Class A

     8,320        988,499  

Woodward, Inc.

     14,602        1,761,439  
     

 

 

 
Total Machinery

 

     38,374,501  
Marine – 0.2%      

Kirby Corp.*

     9,629        580,436  

Matson, Inc.

     16,175        1,078,873  
     

 

 

 
Total Marine

 

     1,659,309  
Media – 1.3%      

Liberty Broadband Corp. Class C*

     1        150  

New York Times Co. (The) Class A

     20,695        1,047,581  

Nexstar Media Group, Inc. Class A

     35,426        4,974,873  

TEGNA, Inc.

     166,344        3,132,258  
     

 

 

 
Total Media

 

     9,154,862  
Metals & Mining – 1.7%      

Arconic Corp.*

     39,132        993,561  

Commercial Metals Co.

     101,962        3,144,508  

Compass Minerals International, Inc.

     11,862        743,985  

Hecla Mining Co.

     52,303        297,604  

Reliance Steel & Aluminum Co.

     27,480        4,184,929  

Royal Gold, Inc.

     12,993        1,398,307  

Worthington Industries, Inc.

     22,761        1,527,036  
     

 

 

 
Total Metals & Mining

 

     12,289,930  
Multi-Utilities – 1.0%      

Avista Corp.

     18,662        891,111  

Black Hills Corp.

     26,437        1,765,198  

MDU Resources Group, Inc.

     101,236        3,200,070  

NorthWestern Corp.

     20,834        1,358,377  
     

 

 

 
Total Multi-Utilities

 

     7,214,756  
Multiline Retail – 0.2%      

Ollie’s Bargain Outlet Holdings, Inc.*(a)

     18,414        1,602,018  
Oil, Gas & Consumable Fuels – 1.9%      

APA Corp.

     31,572        565,139  

Cabot Oil & Gas Corp.(a)

     86,785        1,629,822  

Cimarex Energy Co.

     17,128        1,017,232  

Diamondback Energy, Inc.

     71,446        5,250,567  

Equitrans Midstream Corp.

     326,733        2,666,141  

Renewable Energy Group, Inc.*(a)

     34,420        2,273,097  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     13,401,998  
Paper & Forest Products – 0.4%      

Louisiana-Pacific Corp.

     48,641        2,697,630  
Personal Products – 0.3%      

Medifast, Inc.

     3,980        843,044  

Nu Skin Enterprises, Inc. Class A

     22,116      1,169,715  
     

 

 

 
Total Personal Products

 

     2,012,759  
Pharmaceuticals – 0.2%      

Corcept Therapeutics, Inc.*(a)

     32,474        772,556  

Pacira BioSciences, Inc.*

     5,117        358,651  
     

 

 

 
Total Pharmaceuticals

 

     1,131,207  
Professional Services – 2.9%      

ASGN, Inc.*

     17,473        1,667,623  

CACI International, Inc. Class A*

     11,005        2,714,493  

CoreLogic, Inc.

     16,216        1,285,118  

Exponent, Inc.

     6,927        675,036  

FTI Consulting, Inc.*

     12,522        1,754,457  

Insperity, Inc.

     13,779        1,153,854  

KBR, Inc.

     63,106        2,422,639  

Korn Ferry

     18,365        1,145,425  

ManpowerGroup, Inc.

     11,544        1,141,702  

Robert Half International, Inc.

     35,810        2,795,687  

Science Applications International Corp.

     19,335        1,616,213  

TriNet Group, Inc.*

     29,068        2,266,141  
     

 

 

 
Total Professional Services

 

     20,638,388  
Real Estate Management & Development – 0.9%      

eXp World Holdings, Inc.*(a)

     11,738        534,666  

Howard Hughes Corp. (The)*

     5,401        513,797  

Jones Lang LaSalle, Inc.*

     26,190        4,689,057  

Kennedy-Wilson Holdings, Inc.

     28,956        585,201  
     

 

 

 
Total Real Estate Management & Development

 

     6,322,721  
Road & Rail – 1.0%      

Knight-Swift Transportation Holdings, Inc.

     57,102        2,746,035  

Landstar System, Inc.

     9,353        1,543,806  

Ryder System, Inc.

     8,905        673,663  

Saia, Inc.*

     4,899        1,129,612  

Werner Enterprises, Inc.

     27,520        1,298,118  
     

 

 

 
Total Road & Rail

 

     7,391,234  
Semiconductors & Semiconductor Equipment – 1.7%

 

  

Advanced Energy Industries, Inc.

     9,599        1,047,923  

Amkor Technology, Inc.

     131,994        3,129,578  

Brooks Automation, Inc.

     8,517        695,413  

Cirrus Logic, Inc.*

     15,088        1,279,312  

CMC Materials, Inc.

     7,601        1,343,781  

Diodes, Inc.*

     11,397        909,937  

FormFactor, Inc.*

     16,820        758,750  

Lattice Semiconductor Corp.*

     14,066        633,251  

Power Integrations, Inc.

     7,134        581,278  

Semtech Corp.*

     6,760        466,440  

Silicon Laboratories, Inc.*

     4,435        625,645  

Synaptics, Inc.*

     6,658        901,626  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     12,372,934  
Software – 1.7%      

ACI Worldwide, Inc.*

     15,802        601,266  

Alarm.com Holdings, Inc.*

     6,423        554,819  

Appfolio, Inc. Class A*(a)

     1,827        258,356  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Blackbaud, Inc.

     5,961      $ 423,708  

CDK Global, Inc.

     42,605        2,303,226  

CommVault Systems, Inc.*

     4,742        305,859  

Digital Turbine, Inc.*

     9,637        774,429  

Dropbox, Inc. Class A*

     29,462        785,457  

j2 Global, Inc.*(a)

     11,396        1,365,925  

Manhattan Associates, Inc.*

     7,155        839,854  

MicroStrategy, Inc. Class A*(a)

     1,237        839,676  

Qualys, Inc.*(a)

     7,339        768,981  

RealPage, Inc.*

     10,822        943,678  

SolarWinds Corp.*(a)

     31,353        546,796  

SPS Commerce, Inc.*

     4,327        429,714  

Verint Systems, Inc.*(a)

     7,509        341,584  
     

 

 

 
Total Software

 

     12,083,328  
Specialty Retail – 3.4%      

Asbury Automotive Group, Inc.*

     10,964        2,154,426  

AutoNation, Inc.*

     49,663        4,629,585  

Dick’s Sporting Goods, Inc.

     51,664        3,934,214  

Foot Locker, Inc.

     47,751        2,685,994  

Group 1 Automotive, Inc.

     15,827        2,497,342  

Murphy USA, Inc.

     21,155        3,058,167  

National Vision Holdings, Inc.*

     8,179        358,485  

Penske Automotive Group, Inc.

     52,804        4,236,993  

Urban Outfitters, Inc.*

     12,827        477,036  
     

 

 

 
Total Specialty Retail

 

     24,032,242  
Technology Hardware, Storage & Peripherals – 0.5%

 

  

NCR Corp.*

     34,609        1,313,411  

Xerox Holdings Corp.

     87,388        2,120,907  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     3,434,318  
Textiles, Apparel & Luxury Goods – 2.2%      

Carter’s, Inc.(a)

     15,357        1,365,698  

Columbia Sportswear Co.

     12,269        1,295,974  

Crocs, Inc.*

     16,469        1,324,931  

Deckers Outdoor Corp.*

     7,678        2,536,965  

Hanesbrands, Inc.

     295,289        5,808,335  

Kontoor Brands, Inc.

     10,925        530,190  

PVH Corp.

     6,318        667,813  

Skechers U.S.A., Inc. Class A*

     20,519        855,847  

Steven Madden Ltd.

     11,445        426,441  

Wolverine World Wide, Inc.

     22,524        863,120  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     15,675,314  
Thrifts & Mortgage Finance – 2.4%      

MGIC Investment Corp.

     222,773        3,085,406  

Mr Cooper Group, Inc.*(a)

     82,600        2,871,176  

New York Community Bancorp, Inc.

     200,519        2,530,550  

PennyMac Financial Services, Inc.(a)

     65,576        4,385,067  

Radian Group, Inc.

     112,676        2,619,717  

TFS Financial Corp.

     28,239        575,229  

Walker & Dunlop, Inc.

     9,964        1,023,701  
     

 

 

 
Total Thrifts & Mortgage Finance               17,090,846  
Trading Companies & Distributors – 2.1%      

Air Lease Corp.

     91,772        4,496,828  

Applied Industrial Technologies, Inc.

     12,276      1,119,203  

Beacon Roofing Supply, Inc.*

     26,031        1,361,942  

GATX Corp.

     11,809        1,095,167  

MSC Industrial Direct Co., Inc. Class A

     21,947        1,979,400  

SiteOne Landscape Supply, Inc.*

     7,015        1,197,741  

Univar Solutions, Inc.*

     68,563        1,476,847  

WESCO International, Inc.*

     23,888        2,067,028  
     

 

 

 
Total Trading Companies & Distributors               14,794,156  
Water Utilities – 0.2%      

American States Water Co.

     8,566        647,761  

California Water Service Group

     13,735        773,830  
     

 

 

 
Total Water Utilities               1,421,591  
Wireless Telecommunication Services – 0.1%      

Shenandoah Telecommunications Co.

     10,756        525,000  
TOTAL COMMON STOCKS
(Cost: $567,772,851)
              704,117,236  
EXCHANGE-TRADED FUND – 0.3%      
United States – 0.3%      
WisdomTree U.S. MidCap Dividend Fund(b)
(Cost: $2,245,203)
     56,678        2,290,925  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7%

 

United States – 0.7%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03% (c)

     
(Cost: $5,107,469)      5,107,469        5,107,469  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $575,125,523)

        711,515,630  

Other Assets less Liabilities – (0.6)%

        (4,518,499
     

 

 

 
NET ASSETS – 100.0%             $ 706,997,131  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $27,459,966 and the total market value of the collateral held by the Fund was $28,043,541. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $22,936,072.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Schedule of Investments (concluded)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2021

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree U.S. MidCap Dividend Fund

  $ 821,392     $ 5,751,793     $ 4,762,166     $ 144,982     $ 334,924     $ 2,290,925     $ 54,075  

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

   $ 704,117,236      $      $      $ 704,117,236  

Exchange-Traded Fund

     2,290,925                      2,290,925  

Investment of Cash Collateral for Securities Loaned

            5,107,469               5,107,469  

Total Investments in Securities

   $ 706,408,161      $ 5,107,469      $      $ 711,515,630  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.8%

 

Aerospace & Defense – 1.2%

 

Huntington Ingalls Industries, Inc.

     2,795      $ 575,351  

Lockheed Martin Corp.

     1,584        585,288  

Northrop Grumman Corp.

     1,866        603,912  
     

 

 

 
Total Aerospace & Defense

 

     1,764,551  
Air Freight & Logistics – 0.7%

 

FedEx Corp.

     1,763        500,762  

United Parcel Service, Inc. Class B

     3,421        581,536  
     

 

 

 
Total Air Freight & Logistics

 

     1,082,298  
Automobiles – 0.6%

 

Ford Motor Co.*

     38,343        469,702  

General Motors Co.

     8,117        466,403  
     

 

 

 
Total Automobiles

 

     936,105  
Banks – 2.3%

 

BOK Financial Corp.

     7,484        668,471  

First Horizon Corp.

     40,930        692,126  

People’s United Financial, Inc.

     42,555        761,735  

Pinnacle Financial Partners, Inc.

     8,131        720,894  

Western Alliance Bancorp

     6,405        604,888  
     

 

 

 
Total Banks

 

     3,448,114  
Biotechnology – 3.5%

 

AbbVie, Inc.

     5,475        592,505  

Alexion Pharmaceuticals, Inc.*

     3,488        533,350  

Biogen, Inc.*

     1,132        316,677  

Gilead Sciences, Inc.

     8,857        572,428  

Halozyme Therapeutics, Inc.*

     11,085        462,134  

Moderna, Inc.*

     1,676        219,472  

Neurocrine Biosciences, Inc.*

     4,756        462,521  

Regeneron Pharmaceuticals, Inc.*

     1,102        521,400  

Seagen, Inc.*

     2,814        390,752  

United Therapeutics Corp.*

     3,826        639,975  

Vertex Pharmaceuticals, Inc.*

     2,237        480,709  
     

 

 

 
Total Biotechnology

 

     5,191,923  
Building Products – 0.8%

 

A.O. Smith Corp.

     9,228        623,905  

Advanced Drainage Systems, Inc.

     2,880        297,763  

Builders FirstSource, Inc.*

     6,153        285,315  
     

 

 

 
Total Building Products

 

     1,206,983  
Capital Markets – 2.8%

 

CBOE Global Markets, Inc.

     11,310        1,116,184  

Goldman Sachs Group, Inc. (The)

     3,135        1,025,145  

MarketAxess Holdings, Inc.

     2,207        1,098,910  

Stifel Financial Corp.

     13,087        838,353  
     

 

 

 
Total Capital Markets

 

     4,078,592  
Chemicals – 0.6%

 

Mosaic Co. (The)

     10,322        326,278  

Scotts Miracle-Gro Co. (The)

     2,541        622,469  
     

 

 

 
Total Chemicals

 

     948,747  
Communications Equipment – 3.1%

 

Cisco Systems, Inc.

     35,324      1,826,604  

F5 Networks, Inc.*

     8,424        1,757,415  

Ubiquiti, Inc.

     3,515        1,048,524  
     

 

 

 
Total Communications Equipment

 

     4,632,543  
Construction & Engineering – 0.6%

 

MasTec, Inc.*

     3,467        324,858  

Quanta Services, Inc.

     5,881        517,410  
     

 

 

 
Total Construction & Engineering

 

     842,268  
Construction Materials – 0.3%

 

Martin Marietta Materials, Inc.

     1,361        457,051  
Consumer Finance – 0.9%

 

OneMain Holdings, Inc.

     11,212        602,309  

Santander Consumer USA Holdings, Inc.

     24,248        656,151  
     

 

 

 
Total Consumer Finance

 

     1,258,460  
Containers & Packaging – 1.2%

 

Berry Global Group, Inc.*

     11,458        703,521  

Sealed Air Corp.

     11,948        547,458  

Sonoco Products Co.

     9,440        597,552  
     

 

 

 
Total Containers & Packaging

 

     1,848,531  
Diversified Consumer Services – 1.1%

 

Chegg, Inc.*

     4,547        389,496  

Service Corp. International

     14,202        725,012  

Terminix Global Holdings, Inc.*

     9,251        440,995  
     

 

 

 
Total Diversified Consumer Services

 

     1,555,503  
Diversified Financial Services – 0.6%

 

Jefferies Financial Group, Inc.

     30,783        926,568  
Diversified Telecommunication Services – 1.8%

 

Lumen Technologies, Inc.

     70,367        939,400  

Verizon Communications, Inc.

     30,202        1,756,246  
     

 

 

 
Total Diversified Telecommunication Services

 

     2,695,646  
Electric Utilities – 0.9%

 

American Electric Power Co., Inc.

     9,630        815,661  

NRG Energy, Inc.

     14,995        565,761  
     

 

 

 
Total Electric Utilities

 

     1,381,422  
Electronic Equipment, Instruments & Components – 2.6%

 

Arrow Electronics, Inc.*

     13,490        1,494,962  

II-VI, Inc.*

     11,932        815,791  

Keysight Technologies, Inc.*

     11,202        1,606,366  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     3,917,119  
Energy Equipment & Services – 0.8%

 

Baker Hughes Co.

     52,654        1,137,853  
Entertainment – 3.8%

 

Activision Blizzard, Inc.

     17,547        1,631,871  

Electronic Arts, Inc.

     12,158        1,645,828  

Roku, Inc.*

     2,267        738,521  

Take-Two Interactive Software, Inc.*

     9,253        1,635,005  
     

 

 

 
Total Entertainment

 

     5,651,225  

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Schedule of Investments (continued)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2021

 

 

 

Investments    Shares      Value  
Equity Real Estate Investment Trusts (REITs) – 2.1%

 

CubeSmart

     17,575      $ 664,862  

Extra Space Storage, Inc.

     5,380        713,119  

Iron Mountain, Inc.

     16,094        595,639  

Kimco Realty Corp.

     18,089        339,169  

Public Storage

     2,933        723,747  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     3,036,536  
Food & Staples Retailing – 1.4%

 

Casey’s General Stores, Inc.

     2,115        457,242  

Costco Wholesale Corp.

     1,557        548,811  

Kroger Co. (The)

     15,953        574,148  

Walmart, Inc.

     3,954        537,072  
     

 

 

 
Total Food & Staples Retailing

 

     2,117,273  
Food Products – 2.9%

 

Campbell Soup Co.

     11,176        561,818  

Conagra Brands, Inc.

     14,883        559,601  

Darling Ingredients, Inc.*

     4,021        295,865  

General Mills, Inc.

     9,380        575,182  

Ingredion, Inc.

     4,080        366,874  

J.M. Smucker Co. (The)

     4,597        581,658  

Kellogg Co.

     8,854        560,458  

Kraft Heinz Co. (The)

     11,705        468,200  

Tyson Foods, Inc. Class A

     5,301        393,864  
     

 

 

 
Total Food Products

 

     4,363,520  
Gas Utilities – 0.4%

 

UGI Corp.

     14,135        579,676  
Health Care Equipment & Supplies – 2.0%

 

Abbott Laboratories

     4,719        565,525  

Becton, Dickinson and Co.

     2,405        584,776  

Hill-Rom Holdings, Inc.

     4,939        545,660  

Hologic, Inc.*

     6,713        499,313  

Quidel Corp.*

     1,632        208,782  

Varian Medical Systems, Inc.*

     2,841        501,522  
     

 

 

 
Total Health Care Equipment & Supplies

 

     2,905,578  
Health Care Providers & Services – 2.3%

 

CVS Health Corp.

     8,286        623,356  

DaVita, Inc.*

     5,130        552,860  

HCA Healthcare, Inc.

     1,894        356,716  

Laboratory Corp. of America Holdings*

     1,891        482,262  

Molina Healthcare, Inc.*

     1,848        431,989  

Quest Diagnostics, Inc.

     4,716        605,251  

R1 RCM, Inc.*

     14,059        346,976  
     

 

 

 
Total Health Care Providers & Services

 

     3,399,410  
Health Care Technology – 0.4%

 

Cerner Corp.

     8,752        629,094  
Hotels, Restaurants & Leisure – 1.7%

 

Boyd Gaming Corp.*

     4,332        255,415  

Chipotle Mexican Grill, Inc.*

     404        574,011  

Domino’s Pizza, Inc.

     2,225        818,333  

Penn National Gaming, Inc.*

     2,641        276,882  

Yum! Brands, Inc.

     5,875        635,558  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     2,560,199  
Household Durables – 1.8%

 

D.R. Horton, Inc.

     5,343      476,168  

Lennar Corp. Class A

     4,200        425,166  

Newell Brands, Inc.

     19,647        526,147  

PulteGroup, Inc.

     8,250        432,630  

Tempur Sealy International, Inc.

     8,776        320,850  

Whirlpool Corp.

     2,077        457,667  
     

 

 

 
Total Household Durables

 

     2,638,628  
Household Products – 1.1%

 

Clorox Co. (The)

     2,876        554,723  

Kimberly-Clark Corp.

     3,995        555,504  

Procter & Gamble Co. (The)

     3,888        526,552  
     

 

 

 
Total Household Products

 

     1,636,779  
Independent Power & Renewable Electricity Producers – 0.7%

 

AES Corp. (The)

     18,672        500,596  

Vistra Corp.

     29,719        525,432  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     1,026,028  
Industrial Conglomerates – 0.4%

 

3M Co.

     3,369        649,139  
Insurance – 4.1%

 

Allstate Corp. (The)

     11,906        1,367,999  

Assurant, Inc.

     8,318        1,179,243  

Hartford Financial Services Group, Inc. (The)

     14,490        967,787  

Old Republic International Corp.

     46,528        1,016,172  

Progressive Corp. (The)

     16,188        1,547,735  
     

 

 

 
Total Insurance

 

     6,078,936  
Interactive Media & Services – 0.5%

 

Snap, Inc. Class A*

     12,981        678,776  
Internet & Direct Marketing Retail – 1.0%

 

eBay, Inc.

     13,991        856,809  

Etsy, Inc.*

     1,734        349,696  

Wayfair, Inc. Class A*(a)

     863        271,629  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     1,478,134  
IT Services – 5.5%

 

Akamai Technologies, Inc.*

     17,166        1,749,215  

Black Knight, Inc.*

     23,452        1,735,214  

Broadridge Financial Solutions, Inc.

     12,442        1,904,870  

Cognizant Technology Solutions Corp. Class A

     18,607        1,453,579  

Gartner, Inc.*

     7,372        1,345,759  
     

 

 

 
Total IT Services

 

     8,188,637  
Leisure Products – 0.9%

 

Brunswick Corp.

     4,127        393,592  

Mattel, Inc.*

     26,881        535,470  

Polaris, Inc.

     2,937        392,089  
     

 

 

 
Total Leisure Products

 

     1,321,151  
Life Sciences Tools & Services – 3.5%

 

Agilent Technologies, Inc.

     4,920        625,529  

Avantor, Inc.*

     12,515        362,059  

Bio-Rad Laboratories, Inc. Class A*

     917        523,763  

Bio-Techne Corp.

     1,487        567,930  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2021

 

 

 

Investments    Shares      Value  

Charles River Laboratories International, Inc.*

     1,571      $ 455,323  

Mettler-Toledo International, Inc.*

     487        562,821  

Pacific Biosciences of California, Inc.*

     8,342        277,872  

PerkinElmer, Inc.

     4,638        595,009  

Thermo Fisher Scientific, Inc.

     1,321        602,878  

Waters Corp.*

     2,139        607,839  
     

 

 

 
Total Life Sciences Tools & Services

 

     5,181,023  
Machinery – 1.7%

 

AGCO Corp.

     3,221        462,697  

Cummins, Inc.

     1,971        510,706  

Deere & Co.

     1,347        503,966  

Otis Worldwide Corp.

     9,268        634,395  

Snap-on, Inc.

     2,076        479,016  
     

 

 

 
Total Machinery

 

     2,590,780  
Media – 4.2%

 

Discovery, Inc. Class A*(a)

     19,316        839,473  

Fox Corp. Class A

     29,647        1,070,553  

New York Times Co. (The) Class A

     30,467        1,542,240  

News Corp. Class A

     57,681        1,466,828  

Nexstar Media Group, Inc. Class A

     4,945        694,426  

ViacomCBS, Inc. Class B

     13,468        607,407  
     

 

 

 
Total Media

 

     6,220,927  
Metals & Mining – 0.4%

 

Newmont Corp.

     10,653        642,056  
Multi-Utilities – 0.5%

 

DTE Energy Co.

     5,014        667,564  
Multiline Retail – 1.6%

 

Dollar General Corp.

     4,333        877,952  

Dollar Tree, Inc.*

     5,408        619,000  

Target Corp.

     4,371        865,764  
     

 

 

 
Total Multiline Retail

 

     2,362,716  
Oil, Gas & Consumable Fuels – 1.6%

 

Targa Resources Corp.

     27,470        872,173  

Williams Cos., Inc. (The)

     60,874        1,442,105  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     2,314,278  
Pharmaceuticals – 1.5%

 

Bristol-Myers Squibb Co.

     9,724        613,876  

Eli Lilly & Co.

     2,536        473,776  

Merck & Co., Inc.

     7,814        602,381  

Pfizer, Inc.

     16,379        593,411  
     

 

 

 
Total Pharmaceuticals

 

     2,283,444  
Professional Services – 2.0%

 

Booz Allen Hamilton Holding Corp.

     23,445        1,888,026  

Jacobs Engineering Group, Inc.

     4,488        580,164  

Robert Half International, Inc.

     5,701        445,077  
     

 

 

 
Total Professional Services

 

     2,913,267  
Real Estate Management & Development – 0.5%

 

eXp World Holdings, Inc.*(a)

     6,392        291,155  

Jones Lang LaSalle, Inc.*

     2,396        428,980  
     

 

 

 
Total Real Estate Management & Development

 

     720,135  
Road & Rail – 1.6%

 

AMERCO

     932      570,943  

JB Hunt Transport Services, Inc.

     3,633        610,598  

Knight-Swift Transportation Holdings, Inc.

     13,862        666,624  

Landstar System, Inc.

     3,426        565,496  
     

 

 

 
Total Road & Rail

 

     2,413,661  
Semiconductors & Semiconductor Equipment – 2.9%

 

Applied Materials, Inc.

     9,080        1,213,088  

First Solar, Inc.*

     13,643        1,191,034  

SunPower Corp.*

     20,812        696,162  

Teradyne, Inc.

     9,874        1,201,468  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     4,301,752  
Software – 12.4%

 

Aspen Technology, Inc.*

     8,229        1,187,691  

Citrix Systems, Inc.

     12,480        1,751,693  

Digital Turbine, Inc.*

     10,193        819,109  

Dropbox, Inc. Class A*

     56,589        1,508,663  

Fortinet, Inc.*

     6,878        1,268,441  

Microsoft Corp.

     6,504        1,533,448  

MicroStrategy, Inc. Class A*(a)

     1,262        856,646  

Oracle Corp.

     24,839        1,742,953  

PTC, Inc.*

     11,123        1,531,081  

RealPage, Inc.*

     16,178        1,410,722  

SS&C Technologies Holdings, Inc.

     22,158        1,548,179  

Trade Desk, Inc. (The) Class A*

     1,163        757,881  

Tyler Technologies, Inc.*

     4,348        1,845,856  

Zoom Video Communications, Inc. Class A*

     2,212        710,693  
     

 

 

 
Total Software

 

     18,473,056  
Specialty Retail – 3.5%

 

AutoNation, Inc.*

     5,797        540,396  

AutoZone, Inc.*

     533        748,492  

Best Buy Co., Inc.

     4,961        569,572  

Dick’s Sporting Goods, Inc.

     6,028        459,032  

GameStop Corp. Class A*

     1,842        349,649  

L Brands, Inc.

     5,437        336,333  

O’Reilly Automotive, Inc.*

     1,369        694,425  

Tractor Supply Co.

     4,696        831,568  

Williams-Sonoma, Inc.

     3,511        629,171  
     

 

 

 
Total Specialty Retail

 

     5,158,638  
Technology Hardware, Storage & Peripherals – 0.8%

 

HP, Inc.

     39,464        1,252,982  
Textiles, Apparel & Luxury Goods – 0.6%

 

Deckers Outdoor Corp.*

     1,396        461,266  

Hanesbrands, Inc.

     19,176        377,192  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     838,458  
Tobacco – 0.4%

 

Altria Group, Inc.

     11,411        583,787  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Schedule of Investments (concluded)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2021

 

 

 

Investments    Shares      Value  
Trading Companies & Distributors – 0.7%

 

United Rentals, Inc.*

     1,012      $ 333,262  

Watsco, Inc.

     2,523        657,872  
     

 

 

 
Total Trading Companies & Distributors

 

     991,134  

TOTAL COMMON STOCKS

(Cost: $128,710,551)

 

 

     148,158,654  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%

 

United States – 0.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(b)

     
(Cost: $773,588)      773,588        773,588  

TOTAL INVESTMENTS IN SECURITIES – 100.3%

(Cost: $129,484,139)

 

 

     148,932,242  

Other Assets less Liabilities – (0.3)%

 

     (442,475
     

 

 

 
NET ASSETS – 100.0%

 

   $ 148,489,767  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,032,196 and the total market value of the collateral held by the Fund was $2,047,649. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,274,061.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

           

Common Stocks

   $ 148,158,654      $      $      $ 148,158,654  

Investment of Cash Collateral for Securities Loaned

            773,588               773,588  

Total Investments in Securities

   $ 148,158,654      $ 773,588      $      $ 148,932,242  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Schedule of Investments

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

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.8%

 

Aerospace & Defense – 1.6%

 

BWX Technologies, Inc.

     30,857      $ 2,034,711  

Curtiss-Wright Corp.

     3,647        432,534  

General Dynamics Corp.

     202,285        36,726,865  

HEICO Corp.

     2,486        312,739  

Huntington Ingalls Industries, Inc.

     23,494        4,836,240  

L3Harris Technologies, Inc.

     92,986        18,846,402  

Northrop Grumman Corp.

     79,454        25,714,492  
     

 

 

 
Total Aerospace & Defense

 

     88,903,983  
Air Freight & Logistics – 1.8%

 

C.H. Robinson Worldwide, Inc.

     74,427        7,102,569  

Expeditors International of Washington, Inc.

     49,600        5,341,424  

FedEx Corp.

     57,640        16,372,066  

United Parcel Service, Inc. Class B

     414,141        70,399,828  
     

 

 

 
Total Air Freight & Logistics

 

     99,215,887  
Auto Components – 0.2%

 

BorgWarner, Inc.

     109,289        5,066,638  

Gentex Corp.

     93,271        3,326,977  

LCI Industries

     12,237        1,618,710  

Lear Corp.

     7,703        1,396,169  
     

 

 

 
Total Auto Components

 

     11,408,494  
Automobiles – 0.1%

 

Thor Industries, Inc.

     25,616        3,451,500  
Banks – 0.4%

 

East West Bancorp, Inc.

     83,676        6,175,289  

First Republic Bank

     23,838        3,974,986  

Signature Bank

     25,106        5,676,467  

Western Alliance Bancorp

     43,599        4,117,489  
     

 

 

 
Total Banks

 

     19,944,231  
Beverages – 6.2%

 

Brown-Forman Corp. Class B

     104,814        7,229,022  

Coca-Cola Co. (The)

     3,201,314        168,741,261  

Constellation Brands, Inc. Class A

     60,780        13,857,840  

Keurig Dr. Pepper, Inc.

     677,244        23,276,876  

PepsiCo, Inc.

     944,558        133,607,729  
     

 

 

 
Total Beverages

 

     346,712,728  
Biotechnology – 1.6%

 

Amgen, Inc.

     368,545        91,697,681  
Building Products – 0.3%

 

A.O. Smith Corp.

     64,659        4,371,595  

AAON, Inc.

     4,084        285,921  

Advanced Drainage Systems, Inc.

     4,945        511,264  

Armstrong World Industries, Inc.

     11,888        1,070,990  

Fortune Brands Home & Security, Inc.

     41,526        3,979,021  

Owens Corning

     30,195        2,780,657  

Simpson Manufacturing Co., Inc.

     13,435        1,393,613  

UFP Industries, Inc.

     9,030        684,835  
     

 

 

 
Total Building Products

 

     15,077,896  
Capital Markets – 2.5%

 

Ameriprise Financial, Inc.

     63,077      14,662,249  

Ares Management Corp. Class A

     115,280        6,459,138  

CBOE Global Markets, Inc.

     47,931        4,730,310  

CME Group, Inc.

     164,748        33,646,484  

Cohen & Steers, Inc.

     20,314        1,327,114  

Evercore, Inc. Class A

     21,059        2,774,313  

FactSet Research Systems, Inc.

     8,700        2,684,733  

Houlihan Lokey, Inc.

     19,417        1,291,425  

Intercontinental Exchange, Inc.

     150,600        16,819,008  

LPL Financial Holdings, Inc.

     22,053        3,135,054  

MarketAxess Holdings, Inc.

     4,466        2,223,711  

Morningstar, Inc.

     7,279        1,638,066  

Nasdaq, Inc.

     59,488        8,772,100  

S&P Global, Inc.

     46,925        16,558,425  

SEI Investments Co.

     38,635        2,354,030  

T. Rowe Price Group, Inc.

     131,103        22,497,275  
     

 

 

 
Total Capital Markets

 

     141,573,435  
Chemicals – 1.9%

 

Air Products & Chemicals, Inc.

     105,558        29,697,688  

Albemarle Corp.

     26,552        3,879,513  

Avient Corp.

     41,791        1,975,461  

Balchem Corp.

     2,290        287,189  

Celanese Corp.

     55,143        8,260,973  

Ecolab, Inc.

     59,528        12,743,159  

FMC Corp.

     49,391        5,463,138  

Mosaic Co. (The)

     81,934        2,589,934  

NewMarket Corp.

     4,541        1,726,307  

PPG Industries, Inc.

     87,625        13,166,532  

RPM International, Inc.

     57,878        5,316,094  

Scotts Miracle-Gro Co. (The)

     18,842        4,615,725  

Sensient Technologies Corp.

     18,248        1,423,344  

Sherwin-Williams Co. (The)

     16,656        12,292,294  

W.R. Grace & Co.

     30,121        1,803,043  

Westlake Chemical Corp.

     36,574        3,247,405  
     

 

 

 
Total Chemicals

 

     108,487,799  
Commercial Services & Supplies – 1.0%

 

Brink’s Co. (The)

     8,913        706,177  

Cintas Corp.

     25,035        8,544,696  

MSA Safety, Inc.

     12,234        1,835,345  

Republic Services, Inc.

     137,600        13,670,560  

Rollins, Inc.

     75,437        2,596,541  

Tetra Tech, Inc.

     9,817        1,332,363  

UniFirst Corp.

     1,276        285,454  

Waste Management, Inc.

     191,249        24,674,946  
     

 

 

 
Total Commercial Services & Supplies

 

     53,646,082  
Communications Equipment – 2.8%

 

Cisco Systems, Inc.

     3,002,073        155,237,195  
Construction & Engineering – 0.0%

 

EMCOR Group, Inc.

     7,045        790,167  

Valmont Industries, Inc.

     6,942        1,649,905  
     

 

 

 
Total Construction & Engineering

 

     2,440,072  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Schedule of Investments (continued)

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

March 31, 2021

 

 

 

Investments    Shares      Value  
Construction Materials – 0.2%

 

Martin Marietta Materials, Inc.

     12,801      $ 4,298,832  

Vulcan Materials Co.

     29,315        4,946,906  
     

 

 

 
Total Construction Materials

 

     9,245,738  
Consumer Finance – 0.2%

 

OneMain Holdings, Inc.

     141,530        7,602,992  

SLM Corp.

     110,955        1,993,861  
     

 

 

 
Total Consumer Finance

 

     9,596,853  
Containers & Packaging – 0.7%

 

AptarGroup, Inc.

     18,076        2,560,827  

Avery Dennison Corp.

     34,878        6,405,345  

Graphic Packaging Holding Co.

     135,210        2,455,413  

International Paper Co.

     398,117        21,526,186  

Packaging Corp. of America

     55,052        7,403,393  

Silgan Holdings, Inc.

     28,770        1,209,203  
     

 

 

 
Total Containers & Packaging

 

     41,560,367  
Distributors – 0.0%

 

Pool Corp.

     7,398        2,554,086  
Diversified Consumer Services – 0.1%

 

Service Corp. International

     75,814        3,870,305  
Diversified Financial Services – 0.0%

 

Voya Financial, Inc.

     31,682        2,016,242  
Diversified Telecommunication Services – 4.3%

 

Verizon Communications, Inc.

     4,163,400        242,101,710  
Electric Utilities – 1.2%

 

NextEra Energy, Inc.

     892,349        67,470,508  
Electrical Equipment – 1.1%

 

Acuity Brands, Inc.

     2,045        337,425  

AMETEK, Inc.

     38,244        4,884,906  

Emerson Electric Co.

     355,537        32,076,548  

EnerSys

     5,353        486,052  

Hubbell, Inc.

     31,926        5,966,650  

Regal Beloit Corp.

     12,163        1,735,417  

Rockwell Automation, Inc.

     49,479        13,133,706  
     

 

 

 
Total Electrical Equipment

 

     58,620,704  
Electronic Equipment, Instruments & Components – 0.3%

 

Amphenol Corp. Class A

     123,426        8,142,413  

Avnet, Inc.

     49,122        2,039,054  

CDW Corp.

     35,971        5,962,193  

Cognex Corp.

     12,600        1,045,674  

Dolby Laboratories, Inc. Class A

     16,230        1,602,226  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     18,791,560  
Entertainment – 0.2%

 

Activision Blizzard, Inc.

     94,009        8,742,837  

Electronic Arts, Inc.

     36,750        4,974,848  
     

 

 

 
Total Entertainment

 

     13,717,685  
Equity Real Estate Investment Trusts (REITs) – 0.5%

 

Healthcare Realty Trust, Inc.

     132,840        4,027,709  

Lamar Advertising Co. Class A

     49,587        4,657,211  

PotlatchDeltic Corp.

     48,565        2,570,060  

Weyerhaeuser Co.

     392,628      13,977,556  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     25,232,536  
Food & Staples Retailing – 0.8%

 

Casey’s General Stores, Inc.

     7,273        1,572,350  

Costco Wholesale Corp.

     79,889        28,159,275  

Kroger Co. (The)

     419,400        15,094,206  
     

 

 

 
Total Food & Staples Retailing

 

     44,825,831  
Food Products – 2.3%

 

Campbell Soup Co.

     210,011        10,557,253  

Conagra Brands, Inc.

     358,261        13,470,614  

General Mills, Inc.

     501,083        30,726,409  

Hershey Co. (The)

     76,874        12,158,392  

Hormel Foods Corp.

     269,193        12,862,041  

Ingredion, Inc.

     50,405        4,532,418  

Kellogg Co.

     303,167        19,190,471  

Lancaster Colony Corp.

     13,055        2,289,325  

McCormick & Co., Inc. Non-Voting Shares

     90,451        8,064,611  

Tyson Foods, Inc. Class A

     182,039        13,525,498  
     

 

 

 
Total Food Products

 

     127,377,032  
Health Care Equipment & Supplies – 1.0%

 

Baxter International, Inc.

     147,963        12,479,199  

Cooper Cos., Inc. (The)

     683        262,334  

Danaher Corp.

     50,971        11,472,553  

ResMed, Inc.

     25,890        5,023,178  

Stryker Corp.

     84,202        20,509,923  

Teleflex, Inc.

     3,870        1,607,830  

West Pharmaceutical Services, Inc.

     5,263        1,483,008  
     

 

 

 
Total Health Care Equipment & Supplies

 

     52,838,025  
Health Care Providers & Services – 2.9%

 

Anthem, Inc.

     68,570        24,613,202  

Chemed Corp.

     1,027        472,235  

Cigna Corp.

     2,779        671,795  

Ensign Group, Inc. (The)

     3,425        321,402  

Humana, Inc.

     18,216        7,637,058  

Quest Diagnostics, Inc.

     56,517        7,253,392  

UnitedHealth Group, Inc.

     317,203        118,021,720  
     

 

 

 
Total Health Care Providers & Services

 

     158,990,804  
Health Care Technology – 0.1%

 

Cerner Corp.

     69,561        5,000,045  
Hotels, Restaurants & Leisure – 0.0%

 

Churchill Downs, Inc.

     3,591        816,665  

Wendy’s Co. (The)

     79,712        1,614,965  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     2,431,630  
Household Durables – 0.5%

 

D.R. Horton, Inc.

     101,482        9,044,076  

KB Home

     30,683        1,427,680  

Lennar Corp. Class A

     101,024        10,226,659  

MDC Holdings, Inc.

     50,619        3,006,769  

PulteGroup, Inc.

     68,578        3,596,230  

Toll Brothers, Inc.

     29,104        1,651,070  
     

 

 

 
Total Household Durables

 

     28,952,484  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Schedule of Investments (continued)

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

March 31, 2021

 

 

 

Investments    Shares      Value  
Household Products – 3.8%

 

Church & Dwight Co., Inc.

     69,797      $ 6,096,768  

Clorox Co. (The)

     67,966        13,109,282  

Energizer Holdings, Inc.

     40,543        1,924,171  

Procter & Gamble Co. (The)

     1,389,829        188,224,541  

Spectrum Brands Holdings, Inc.

     21,280        1,808,800  

WD-40 Co.

     2,353        720,442  
     

 

 

 
Total Household Products

 

     211,884,004  
Independent Power & Renewable Electricity Producers – 0.1%

 

Clearway Energy, Inc. Class C

     104,259        2,933,848  

Ormat Technologies, Inc.

     10,065        790,405  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     3,724,253  
Industrial Conglomerates – 2.9%

 

3M Co.

     472,248        90,992,745  

Carlisle Cos., Inc.

     17,187        2,828,636  

Honeywell International, Inc.

     293,653        63,743,257  

Roper Technologies, Inc.

     14,083        5,680,237  
     

 

 

 
Total Industrial Conglomerates

 

     163,244,875  
Insurance – 2.2%

 

Allstate Corp. (The)

     154,283        17,727,117  

Arthur J. Gallagher & Co.

     71,519        8,923,426  

Assurant, Inc.

     29,323        4,157,122  

Brown & Brown, Inc.

     61,690        2,819,850  

Erie Indemnity Co. Class A

     19,454        4,297,583  

Fidelity National Financial, Inc.

     271,377        11,034,189  

Globe Life, Inc.

     17,377        1,679,139  

Hartford Financial Services Group, Inc. (The)

     241,871        16,154,564  

Marsh & McLennan Cos., Inc.

     198,697        24,201,295  

Primerica, Inc.

     9,344        1,381,230  

Progressive Corp. (The)

     60,499        5,784,309  

Selective Insurance Group, Inc.

     18,059        1,310,000  

Travelers Cos., Inc. (The)

     155,326        23,361,030  

W.R. Berkley Corp.

     27,801        2,094,805  
     

 

 

 
Total Insurance

 

     124,925,659  
Internet & Direct Marketing Retail – 0.2%

 

eBay, Inc.

     220,886        13,527,059  
IT Services – 3.5%

 

Automatic Data Processing, Inc.

     201,676        38,009,876  

Broadridge Financial Solutions, Inc.

     40,549        6,208,052  

Cognizant Technology Solutions Corp. Class A

     133,097        10,397,538  

Fidelity National Information Services, Inc.

     131,608        18,505,401  

Global Payments, Inc.

     29,141        5,874,243  

Jack Henry & Associates, Inc.

     17,090        2,592,895  

MasterCard, Inc. Class A

     105,976        37,732,755  

MAXIMUS, Inc.

     21,764        1,937,866  

Paychex, Inc.

     216,879        21,258,479  

TTEC Holdings, Inc.

     7,817        785,218  

Visa, Inc. Class A(a)

     231,280        48,968,914  
     

 

 

 
Total IT Services

 

     192,271,237  
Leisure Products – 0.3%

 

Hasbro, Inc.

     97,885        9,408,706  

Polaris, Inc.

     42,194      5,632,899  
     

 

 

 
Total Leisure Products

 

     15,041,605  
Life Sciences Tools & Services – 0.3%

 

Agilent Technologies, Inc.

     46,949        5,969,096  

Bio-Techne Corp.

     2,739        1,046,106  

Bruker Corp.

     12,593        809,478  

Thermo Fisher Scientific, Inc.

     17,094        7,801,360  
     

 

 

 
Total Life Sciences Tools & Services

 

     15,626,040  
Machinery – 4.6%

 

AGCO Corp.

     15,413        2,214,077  

Allison Transmission Holdings, Inc.

     42,766        1,746,136  

Altra Industrial Motion Corp.

     4,740        262,217  

Caterpillar, Inc.

     301,598        69,931,528  

Cummins, Inc.

     89,069        23,078,669  

Deere & Co.

     90,523        33,868,275  

Donaldson Co., Inc.

     50,578        2,941,616  

Dover Corp.

     58,651        8,042,812  

Franklin Electric Co., Inc.

     6,091        480,824  

Graco, Inc.

     44,034        3,153,715  

Hillenbrand, Inc.

     32,992        1,574,048  

IDEX Corp.

     20,141        4,215,914  

Illinois Tool Works, Inc.

     171,744        38,044,731  

John Bean Technologies Corp.

     2,106        280,814  

Lincoln Electric Holdings, Inc.

     26,311        3,234,674  

Nordson Corp.

     12,248        2,433,433  

Oshkosh Corp.

     26,729        3,171,663  

PACCAR, Inc.

     125,652        11,675,584  

Parker-Hannifin Corp.

     40,649        12,821,914  

Snap-on, Inc.

     38,126        8,797,193  

Stanley Black & Decker, Inc.

     63,027        12,584,601  

Toro Co. (The)

     30,584        3,154,434  

Watts Water Technologies, Inc. Class A

     2,999        356,311  

Woodward, Inc.

     5,966        719,679  

Xylem, Inc.

     48,379        5,088,503  
     

 

 

 
Total Machinery

 

     253,873,365  
Media – 2.1%

 

Cable One, Inc.

     688        1,257,912  

Comcast Corp. Class A

     2,002,313        108,345,156  

News Corp. Class A

     174,100        4,427,363  

Nexstar Media Group, Inc. Class A

     20,982        2,946,502  
     

 

 

 
Total Media

 

     116,976,933  
Metals & Mining – 0.4%

 

Nucor Corp.

     201,676        16,188,533  

Steel Dynamics, Inc.

     134,160        6,809,962  

United States Steel Corp.

     14,406        377,005  

Worthington Industries, Inc.

     20,649        1,385,341  
     

 

 

 
Total Metals & Mining

 

     24,760,841  
Multiline Retail – 0.8%

 

Dollar General Corp.

     43,001        8,712,862  

Target Corp.

     192,269        38,082,721  
     

 

 

 
Total Multiline Retail

 

     46,795,583  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Schedule of Investments (continued)

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

March 31, 2021

 

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 0.4%

 

Cabot Oil & Gas Corp.

     210,537      $ 3,953,885  

Diamondback Energy, Inc.

     116,660        8,573,344  

Pioneer Natural Resources Co.

     72,982        11,591,001  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     24,118,230  
Paper & Forest Products – 0.0%

 

Louisiana-Pacific Corp.

     31,584        1,751,649  
Personal Products – 0.3%

 

Estee Lauder Cos., Inc. (The) Class A

     49,197        14,308,947  
Pharmaceuticals – 13.2%

 

Bristol-Myers Squibb Co.

     1,506,751        95,121,191  

Eli Lilly & Co.

     395,004        73,794,647  

Johnson & Johnson

     1,559,801        256,353,295  

Merck & Co., Inc.

     1,772,323        136,628,380  

Pfizer, Inc.

     4,603,745        166,793,681  

Zoetis, Inc.

     54,779        8,626,597  
     

 

 

 
Total Pharmaceuticals

 

     737,317,791  
Professional Services – 0.5%

 

Booz Allen Hamilton Holding Corp.

     48,262        3,886,539  

Equifax, Inc.

     25,583        4,633,849  

Exponent, Inc.

     10,991        1,071,073  

Insperity, Inc.

     14,099        1,180,650  

KBR, Inc.

     43,358        1,664,513  

Leidos Holdings, Inc.

     42,424        4,084,583  

Robert Half International, Inc.

     53,929        4,210,237  

Science Applications International Corp.

     19,942        1,666,952  

TransUnion

     15,380        1,384,200  

Verisk Analytics, Inc.

     23,107        4,082,776  
     

 

 

 
Total Professional Services

 

     27,865,372  
Road & Rail – 2.3%

 

CSX Corp.

     214,345        20,667,145  

JB Hunt Transport Services, Inc.

     21,666        3,641,405  

Kansas City Southern

     21,475        5,667,682  

Landstar System, Inc.

     6,166        1,017,760  

Norfolk Southern Corp.

     98,777        26,523,600  

Old Dominion Freight Line, Inc.

     9,750        2,343,997  

Union Pacific Corp.

     310,916        68,528,996  

Werner Enterprises, Inc.

     8,396        396,039  
     

 

 

 
Total Road & Rail

 

     128,786,624  
Semiconductors & Semiconductor Equipment – 7.7%

 

Analog Devices, Inc.

     142,721        22,133,173  

Applied Materials, Inc.

     200,251        26,753,534  

Brooks Automation, Inc.

     11,005        898,558  

CMC Materials, Inc.

     7,611        1,345,549  

Entegris, Inc.

     11,424        1,277,203  

Intel Corp.

     2,375,407        152,026,048  

KLA Corp.

     47,825        15,801,380  

Lam Research Corp.

     33,518        19,951,254  

Microchip Technology, Inc.

     57,273        8,889,915  

MKS Instruments, Inc.

     7,995        1,482,433  

Monolithic Power Systems, Inc.

     7,184        2,537,461  

NVIDIA Corp.

     16,985        9,068,801  

Power Integrations, Inc.

     4,467      363,971  

QUALCOMM, Inc.

     438,854        58,187,652  

Skyworks Solutions, Inc.

     52,209        9,579,307  

Teradyne, Inc.

     14,640        1,781,395  

Texas Instruments, Inc.

     507,065        95,830,214  

Universal Display Corp.

     2,695        638,095  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     428,545,943  
Software – 6.6%

 

Citrix Systems, Inc.

     26,570        3,729,365  

Intuit, Inc.

     37,615        14,408,802  

Microsoft Corp.

     1,139,943        268,764,361  

NortonLifeLock, Inc.

     336,389        7,151,630  

Oracle Corp.

     1,037,937        72,832,040  
     

 

 

 
Total Software

 

     366,886,198  
Specialty Retail – 1.7%

 

Advance Auto Parts, Inc.

     8,704        1,597,097  

Best Buy Co., Inc.

     133,651        15,344,471  

Dick’s Sporting Goods, Inc.

     42,452        3,232,720  

Foot Locker, Inc.

     29,670        1,668,938  

Lithia Motors, Inc. Class A

     3,061        1,194,066  

Lowe’s Cos., Inc.

     269,496        51,252,749  

Murphy USA, Inc.

     3,513        507,839  

Penske Automotive Group, Inc.

     60,908        4,887,258  

Tractor Supply Co.

     34,198        6,055,782  

Williams-Sonoma, Inc.

     39,556        7,088,435  
     

 

 

 
Total Specialty Retail

 

     92,829,355  
Technology Hardware, Storage & Peripherals – 4.5%

 

Apple, Inc.

     1,985,237        242,496,700  

NetApp, Inc.

     145,257        10,555,826  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     253,052,526  
Textiles, Apparel & Luxury Goods – 0.7%

 

Hanesbrands, Inc.

     380,966        7,493,601  

NIKE, Inc. Class B

     243,418        32,347,818  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     39,841,419  
Thrifts & Mortgage Finance – 0.1%

 

MGIC Investment Corp.

     140,795        1,950,011  

PennyMac Financial Services, Inc.

     13,353        892,915  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     2,842,926  
Tobacco – 3.3%

 

Altria Group, Inc.

     3,603,802        184,370,510  
Trading Companies & Distributors – 0.5%

 

Air Lease Corp.

     39,157        1,918,693  

Fastenal Co.

     285,679        14,363,940  

GATX Corp.

     15,894        1,474,010  

MSC Industrial Direct Co., Inc. Class A

     35,937        3,241,158  

W.W. Grainger, Inc.

     20,182        8,091,569  
     

 

 

 
Total Trading Companies & Distributors

 

     29,089,370  

TOTAL INVESTMENTS IN SECURITIES – 99.8%

(Cost: $4,435,280,207)

 

 

     5,567,249,442  

Other Assets less Liabilities – 0.2%

 

     9,397,846  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 5,576,647,288  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Schedule of Investments (concluded)

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

March 31, 2021

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $43,958,536 and the total market value of the collateral held by the Fund was $44,877,474 which was entirely composed of non-cash U.S. Government securities.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

           

Common Stocks

   $ 5,567,249,442      $    $    $ 5,567,249,442  

Total Investments in Securities

   $ 5,567,249,442      $      $      $ 5,567,249,442  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Schedule of Investments

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

United States – 99.9%

 

Aerospace & Defense – 1.3%

 

Huntington Ingalls Industries, Inc.

     1,992      $ 410,053  

Lockheed Martin Corp.

     871        321,835  
     

 

 

 
Total Aerospace & Defense

 

     731,888  
Auto Components – 0.6%

 

Gentex Corp.

     9,644        344,001  
Banks – 5.4%

 

Bank of America Corp.

     11,281        436,462  

Citigroup, Inc.

     5,619        408,782  

East West Bancorp, Inc.

     7,798        575,492  

JPMorgan Chase & Co.

     2,169        330,187  

People’s United Financial, Inc.

     57,884        1,036,124  

U.S. Bancorp

     3,071        169,857  

Western Alliance Bancorp

     2,135        201,629  
     

 

 

 
Total Banks

 

     3,158,533  
Biotechnology – 3.2%

 

Amgen, Inc.

     1,817        452,088  

Biogen, Inc.*

     520        145,470  

Gilead Sciences, Inc.

     7,607        491,640  

Halozyme Therapeutics, Inc.*(a)

     8,813        367,414  

Regeneron Pharmaceuticals, Inc.*

     911        431,031  
     

 

 

 
Total Biotechnology

 

     1,887,643  
Building Products – 2.5%

 

A.O. Smith Corp.

     6,597        446,023  

Masco Corp.

     7,410        443,859  

Owens Corning

     6,261        576,576  
     

 

 

 
Total Building Products

 

     1,466,458  
Capital Markets – 6.3%

 

Ameriprise Financial, Inc.

     2,234        519,293  

CBOE Global Markets, Inc.

     4,186        413,116  

Goldman Sachs Group, Inc. (The)

     2,362        772,374  

LPL Financial Holdings, Inc.

     2,978        423,353  

Morgan Stanley

     7,400        574,684  

Raymond James Financial, Inc.

     3,208        393,173  

SEI Investments Co.

     2,453        149,461  

T. Rowe Price Group, Inc.

     2,587        443,929  
     

 

 

 
Total Capital Markets

 

     3,689,383  
Chemicals – 1.1%

 

Celanese Corp.

     4,444        665,756  
Communications Equipment – 3.5%

 

Cisco Systems, Inc.

     12,894        666,749  

Juniper Networks, Inc.

     34,146        864,918  

Lumentum Holdings, Inc.*

     2,714        247,924  

Motorola Solutions, Inc.

     1,444        271,544  
     

 

 

 
Total Communications Equipment

 

     2,051,135  
Consumer Finance – 2.0%

 

Credit Acceptance Corp.*(a)

     2,005        722,261  

Synchrony Financial

     11,475        466,574  
     

 

 

 
Total Consumer Finance

 

     1,188,835  
Containers & Packaging – 0.4%

 

Sonoco Products Co.

     3,764      238,261  
Diversified Consumer Services – 0.8%

 

Service Corp. International

     9,245        471,957  
Diversified Financial Services – 2.8%

 

Berkshire Hathaway, Inc. Class B*

     2,436        622,325  

Jefferies Financial Group, Inc.

     17,164        516,636  

Voya Financial, Inc.

     7,932        504,793  
     

 

 

 
Total Diversified Financial Services

 

     1,643,754  
Diversified Telecommunication Services – 2.2%

 

Lumen Technologies, Inc.

     72,742        971,105  

Verizon Communications, Inc.

     5,026        292,262  
     

 

 

 
Total Diversified Telecommunication Services

 

     1,263,367  
Electric Utilities – 1.5%

 

NRG Energy, Inc.

     15,028        567,006  

Pinnacle West Capital Corp.

     3,630        295,301  
     

 

 

 
Total Electric Utilities

 

     862,307  
Electronic Equipment, Instruments & Components – 1.0%

 

Arrow Electronics, Inc.*

     5,225        579,034  
Energy Equipment & Services – 0.5%

 

Baker Hughes Co.

     12,852        277,732  
Equity Real Estate Investment Trusts (REITs) – 5.1%

 

Essex Property Trust, Inc.

     1,431        389,003  

Gaming and Leisure Properties, Inc.

     11,201        475,258  

Kimco Realty Corp.

     25,254        473,512  

National Retail Properties, Inc.

     16,929        746,061  

Simon Property Group, Inc.

     7,876        896,053  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     2,979,887  
Food & Staples Retailing – 0.8%

 

Kroger Co. (The)

     13,681        492,379  
Food Products – 0.9%

 

J.M. Smucker Co. (The)

     1,969        249,138  

Tyson Foods, Inc. Class A

     3,501        260,124  
     

 

 

 
Total Food Products

 

     509,262  
Gas Utilities – 0.6%

 

UGI Corp.

     8,765        359,453  
Health Care Equipment & Supplies – 0.4%

 

Hologic, Inc.*

     3,263        242,702  
Health Care Providers & Services – 4.5%

 

Anthem, Inc.

     716        257,008  

DaVita, Inc.*

     8,361        901,065  

Humana, Inc.

     1,268        531,609  

McKesson Corp.

     1,353        263,889  

Molina Healthcare, Inc.*

     1,529        357,419  

Universal Health Services, Inc. Class B

     2,153        287,189  
     

 

 

 
Total Health Care Providers & Services

 

     2,598,179  
Health Care Technology – 0.5%

 

Cerner Corp.

     4,258        306,065  
Hotels, Restaurants & Leisure – 0.6%

 

Domino’s Pizza, Inc.

     981        360,802  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

March 31, 2021

 

 

 

Investments    Shares      Value  
Household Durables – 3.4%

 

Newell Brands, Inc.

     15,848      $ 424,410  

Tempur Sealy International, Inc.

     13,229        483,652  

Toll Brothers, Inc.

     13,934        790,476  

Whirlpool Corp.

     1,344        296,150  
     

 

 

 
Total Household Durables

 

     1,994,688  
Household Products – 1.0%

 

Kimberly-Clark Corp.

     2,203        306,327  

Procter & Gamble Co. (The)

     1,925        260,703  
     

 

 

 
Total Household Products

 

     567,030  
Industrial Conglomerates – 0.5%

 

Carlisle Cos., Inc.

     1,624        267,278  
Insurance – 4.7%

 

Aflac, Inc.

     11,975        612,881  

Allstate Corp. (The)

     7,242        832,106  

Assurant, Inc.

     2,959        419,497  

Old Republic International Corp.

     21,763        475,304  

Travelers Cos., Inc. (The)

     2,745        412,848  
     

 

 

 
Total Insurance

 

     2,752,636  
Internet & Direct Marketing Retail – 1.9%

 

eBay, Inc.

     18,032        1,104,280  
IT Services – 3.0%

 

Cognizant Technology Solutions Corp. Class A

     6,865        536,294  

FleetCor Technologies, Inc.*

     1,572        422,286  

GoDaddy, Inc. Class A*

     3,331        258,552  

VeriSign, Inc.*

     1,009        200,549  

Western Union Co. (The)

     13,431        331,209  
     

 

 

 
Total IT Services

 

     1,748,890  
Leisure Products – 0.9%

 

Brunswick Corp.

     5,311        506,510  
Life Sciences Tools & Services – 1.2%

 

Waters Corp.*

     2,522        716,677  
Machinery – 1.3%

 

Illinois Tool Works, Inc.

     1,415        313,451  

Lincoln Electric Holdings, Inc.

     3,800        467,172  
     

 

 

 
Total Machinery

 

     780,623  
Media – 5.2%

 

Altice USA, Inc. Class A*

     22,143        720,312  

Charter Communications, Inc. Class A*

     688        424,510  

Discovery, Inc. Class A*

     19,384        842,428  

Fox Corp. Class A

     16,302        588,665  

Sirius XM Holdings, Inc.(a)

     76,946        468,601  
     

 

 

 
Total Media

 

     3,044,516  
Metals & Mining – 0.8%

 

Reliance Steel & Aluminum Co.

     2,987        454,890  
Multi-Utilities – 1.4%

 

Dominion Energy, Inc.

     7,245        550,330  

Public Service Enterprise Group, Inc.

     4,374        263,359  
     

 

 

 
Total Multi-Utilities

 

     813,689  
Multiline Retail – 0.4%

 

Dollar General Corp.

     1,242      251,654  
Oil, Gas & Consumable Fuels – 5.1%

 

Diamondback Energy, Inc.

     9,679        711,310  

Exxon Mobil Corp.

     8,309        463,891  

Kinder Morgan, Inc.

     36,352        605,261  

Pioneer Natural Resources Co.

     902        143,255  

Targa Resources Corp.

     13,305        422,434  

Williams Cos., Inc. (The)

     25,433        602,508  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     2,948,659  
Pharmaceuticals – 1.6%

 

Bristol-Myers Squibb Co.

     10,008        631,805  

Merck & Co., Inc.

     3,577        275,751  
     

 

 

 
Total Pharmaceuticals

 

     907,556  
Professional Services – 1.2%

 

Booz Allen Hamilton Holding Corp.

     3,085        248,435  

Robert Half International, Inc.

     6,085        475,056  
     

 

 

 
Total Professional Services

 

     723,491  
Road & Rail – 1.0%

 

Kansas City Southern

     2,168        572,178  
Semiconductors & Semiconductor Equipment – 3.5%

 

Intel Corp.

     5,733        366,912  

KLA Corp.

     945        312,228  

Lam Research Corp.

     1,212        721,431  

Texas Instruments, Inc.

     2,390        451,686  

Xilinx, Inc.

     1,663        206,046  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     2,058,303  
Software – 3.3%

 

Citrix Systems, Inc.

     2,633        369,568  

Dropbox, Inc. Class A*

     10,136        270,226  

Fortinet, Inc.*

     3,128        576,866  

Oracle Corp.

     10,338        725,417  
     

 

 

 
Total Software

 

     1,942,077  
Specialty Retail – 5.3%

 

AutoNation, Inc.*

     5,902        550,184  

AutoZone, Inc.*

     298        418,481  

Best Buy Co., Inc.

     4,543        521,582  

Home Depot, Inc. (The)

     950        289,988  

Lowe’s Cos., Inc.

     2,698        513,106  

O’Reilly Automotive, Inc.*

     685        347,466  

Williams-Sonoma, Inc.

     2,620        469,504  
     

 

 

 
Total Specialty Retail

 

     3,110,311  
Technology Hardware, Storage & Peripherals – 2.4%

 

Apple, Inc.

     5,195        634,569  

HP, Inc.

     14,067        446,627  

NetApp, Inc.

     4,756        345,619  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     1,426,815  
Tobacco – 2.3%

 

Altria Group, Inc.

     16,138        825,620  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Schedule of Investments (concluded)

WisdomTree U.S. Quality Shareholder Yield Fund (QSY)

March 31, 2021

 

 

 

Investments    Shares      Value  

Philip Morris International, Inc.

     5,485      $ 486,739  
     

 

 

 
Total Tobacco

 

     1,312,359  

TOTAL COMMON STOCKS

(Cost: $49,748,304)

 

 

     58,373,883  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%

 

United States – 1.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(b)

     
(Cost: $685,611)      685,611        685,611  

TOTAL INVESTMENTS IN SECURITIES – 101.1%

(Cost: $50,433,915)

 

 

     59,059,494  

Other Assets less Liabilities – (1.1)%

 

     (618,867
     

 

 

 
NET ASSETS – 100.0%

 

   $ 58,440,627  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,038,068 and the total market value of the collateral held by the Fund was $1,057,692. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $372,081.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

           

Common Stocks

   $ 58,373,883      $      $      $ 58,373,883  

Investment of Cash Collateral for Securities Loaned

            685,611               685,611  

Total Investments in Securities

   $ 58,373,883      $ 685,611      $      $ 59,059,494  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.4%

 

Aerospace & Defense – 0.6%

 

Cubic Corp.

     22,301      $ 1,662,986  

Kaman Corp.

     55,283        2,835,465  

Maxar Technologies, Inc.

     8,093        306,077  

Moog, Inc. Class A

     50,826        4,226,182  

National Presto Industries, Inc.

     13,061        1,333,136  

Park Aerospace Corp.

     98,002        1,295,587  
     

 

 

 
Total Aerospace & Defense

 

     11,659,433  
Air Freight & Logistics – 0.2%

 

Forward Air Corp.

     47,734        4,239,257  
Auto Components – 0.9%

 

Cooper Tire & Rubber Co.

     125,076        7,001,755  

Patrick Industries, Inc.

     58,466        4,969,610  

Standard Motor Products, Inc.

     94,392        3,924,819  
     

 

 

 
Total Auto Components

 

     15,896,184  
Automobiles – 0.2%

 

Winnebago Industries, Inc.

     43,308        3,322,157  
Banks – 17.2%

 

1st Constitution Bancorp(a)

     5,384        94,812  

1st Source Corp.

     40,478        1,925,943  

ACNB Corp.

     13,734        402,406  

Allegiance Bancshares, Inc.

     9,460        383,508  

Altabancorp(a)

     22,801        958,554  

Amalgamated Financial Corp.

     48,894        811,151  

American National Bankshares, Inc.

     21,159        699,728  

Ameris Bancorp

     63,855        3,353,026  

Ames National Corp.

     25,946        663,699  

Arrow Financial Corp.

     29,977        998,534  

Associated Banc-Corp.

     380,433        8,118,440  

Atlantic Union Bankshares Corp.

     140,604        5,393,569  

Auburn National BanCorp, Inc.(a)

     5,659        217,136  

BancFirst Corp.

     45,670        3,228,412  

BancorpSouth Bank

     166,638        5,412,402  

Bank First Corp.

     6,123        459,164  

Bank of Commerce Holdings

     19,849        253,075  

Bank of Marin Bancorp

     17,713        693,641  

Bank of Princeton (The)(a)

     9,448        270,402  

Bank7 Corp.

     21,728        382,630  

BankFinancial Corp.(a)

     42,807        441,768  

BankUnited, Inc.

     151,313        6,650,206  

Bankwell Financial Group, Inc.(a)

     15,546        418,965  

Banner Corp.

     74,853        3,991,910  

Bar Harbor Bankshares

     32,844        966,270  

BCB Bancorp, Inc.

     50,448        696,182  

Berkshire Hills Bancorp, Inc.

     82,488        1,841,132  

Brookline Bancorp, Inc.

     177,786        2,666,790  

Bryn Mawr Bank Corp.

     43,453        1,977,546  

Business First Bancshares, Inc.

     25,511        610,478  

Byline Bancorp, Inc.

     9,562        202,236  

C&F Financial Corp.

     5,707        252,763  

Cadence BanCorp

     154,103        3,194,555  

Cambridge Bancorp

     15,194      $ 1,281,158  

Camden National Corp.

     32,619        1,561,145  

Capital City Bank Group, Inc.

     20,701        538,640  

Capstar Financial Holdings, Inc.

     24,168        416,898  

Cathay General Bancorp

     186,083        7,588,465  

CB Financial Services, Inc.(a)

     11,011        243,673  

CBTX, Inc.

     29,544        907,592  

Central Pacific Financial Corp.

     78,620        2,097,582  

Central Valley Community Bancorp

     21,458        395,042  

Century Bancorp, Inc. Class A

     1,037        96,762  

Chemung Financial Corp.(a)

     7,639        319,463  

ChoiceOne Financial Services, Inc.

     7,752        186,436  

Citizens & Northern Corp.

     54,808        1,303,334  

Citizens Holding Co.(a)

     7,708        153,389  

City Holding Co.

     45,978        3,760,081  

Civista Bancshares, Inc.

     20,951        480,616  

CNB Financial Corp.

     30,213        743,542  

Codorus Valley Bancorp, Inc.(a)

     20,601        379,264  

Colony Bankcorp, Inc.

     8,037        125,377  

Columbia Banking System, Inc.

     139,459        6,009,288  

Community Financial Corp. (The)

     9,327        319,450  

Community Trust Bancorp, Inc.

     41,799        1,840,410  

ConnectOne Bancorp, Inc.

     34,650        878,378  

County Bancorp, Inc.(a)

     7,204        172,680  

CVB Financial Corp.

     288,726        6,377,957  

Dime Community Bancshares, Inc.

     95,555        2,880,028  

Eagle Bancorp Montana, Inc.

     6,338        154,140  

Eagle Bancorp, Inc.

     41,136        2,188,847  

Enterprise Bancorp, Inc.

     20,566        668,806  

Enterprise Financial Services Corp.

     33,062        1,634,585  

Evans Bancorp, Inc.(a)

     13,187        446,907  

Farmers & Merchants Bancorp, Inc.

     24,535        616,810  

Farmers National Banc Corp.

     67,905        1,134,014  

FB Financial Corp.

     25,232        1,121,815  

Fidelity D&D Bancorp, Inc.(a)

     4,456        274,044  

Financial Institutions, Inc.

     48,234        1,461,008  

First Bancorp

     38,478        1,673,793  

First Bancorp, Inc. (The)

     37,950        1,107,761  

First Bancshares, Inc. (The)

     18,479        676,516  

First Bank

     11,150        135,696  

First Busey Corp.

     134,921        3,460,724  

First Business Financial Services, Inc.(a)

     18,210        450,333  

First Capital, Inc.(a)

     3,773        183,783  

First Choice Bancorp

     39,341        956,380  

First Commonwealth Financial Corp.

     233,735        3,358,772  

First Community Bankshares, Inc.

     43,819        1,314,132  

First Community Corp.

     8,702        173,605  

First Financial Bancorp

     288,549        6,925,176  

First Financial Corp.

     29,065        1,308,216  

First Financial Northwest, Inc.(a)

     19,657        280,112  

First Foundation, Inc.

     37,178        872,196  

First Internet Bancorp

     8,128        286,349  

First Interstate BancSystem, Inc. Class A

     90,894        4,184,760  

First Merchants Corp.

     92,301        4,291,997  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2021

 

 

 

Investments    Shares      Value  

First Mid Bancshares, Inc.(a)

     26,831      $ 1,178,686  

First Northwest Bancorp

     8,227        136,733  

First of Long Island Corp. (The)

     62,771        1,333,884  

First Savings Financial Group, Inc.

     967        64,924  

First United Corp.

     18,311        322,640  

Flushing Financial Corp.

     106,983        2,271,249  

FNCB Bancorp, Inc.(a)

     24,612        185,574  

Franklin Financial Services Corp.(a)

     8,799        274,353  

Fulton Financial Corp.

     360,247        6,135,006  

German American Bancorp, Inc.(a)

     53,684        2,481,274  

Great Southern Bancorp, Inc.

     21,471        1,216,762  

Guaranty Bancshares, Inc.

     24,232        890,526  

HarborOne Bancorp, Inc.

     24,257        326,742  

Hawthorn Bancshares, Inc.

     6,316        134,468  

HBT Financial, Inc.

     82,509        1,412,554  

Heartland Financial USA, Inc.

     38,962        1,958,230  

Heritage Commerce Corp.

     215,522        2,633,679  

Heritage Financial Corp.(a)

     73,178        2,066,547  

Hilltop Holdings, Inc.

     105,518        3,601,329  

Hope Bancorp, Inc.

     372,466        5,609,338  

Horizon Bancorp, Inc.

     81,488        1,514,047  

Independent Bank Corp.

     110,099        5,508,292  

Independent Bank Group, Inc.

     49,362        3,565,911  

International Bancshares Corp.

     114,793        5,328,691  

Investar Holding Corp.

     5,595        114,977  

Investors Bancorp, Inc.

     671,156        9,859,282  

Lakeland Bancorp, Inc.

     106,958        1,864,278  

Lakeland Financial Corp.(a)

     48,930        3,385,467  

Landmark Bancorp, Inc.

     9,027        238,493  

LCNB Corp.

     38,159        667,783  

Level One Bancorp, Inc.

     7,243        186,725  

Live Oak Bancshares, Inc.

     8,785        601,685  

Macatawa Bank Corp.

     97,864        973,747  

Mackinac Financial Corp.

     33,520        469,950  

Mercantile Bank Corp.

     39,496        1,282,435  

Meridian Corp.

     7,168        186,368  

Metrocity Bankshares, Inc.

     65,461        1,006,790  

Mid Penn Bancorp, Inc.(a)

     13,075        350,541  

Middlefield Banc Corp.(a)

     9,986        209,307  

Midland States Bancorp, Inc.

     78,660        2,182,028  

MidWestOne Financial Group, Inc.

     32,402        1,003,490  

MVB Financial Corp.

     17,069        576,932  

National Bank Holdings Corp. Class A

     44,105        1,750,086  

National Bankshares, Inc.

     14,100        500,691  

NBT Bancorp, Inc.

     83,942        3,349,286  

Northeast Bank

     7,325        193,307  

Northrim Bancorp, Inc.

     26,823        1,140,246  

Norwood Financial Corp.

     16,563        440,741  

Oak Valley Bancorp(a)

     3,560        61,054  

OceanFirst Financial Corp.

     134,391        3,217,321  

Ohio Valley Banc Corp.(a)

     4,358        105,812  

Old National Bancorp

     327,605        6,335,881  

Old Second Bancorp, Inc.

     4,624        61,083  

Origin Bancorp, Inc.

     22,358        948,203  

Orrstown Financial Services, Inc.

     28,766      $ 641,482  

Park National Corp.(a)

     37,769        4,883,532  

Parke Bancorp, Inc.(a)

     20,969        419,170  

PCB Bancorp(a)

     44,393        665,895  

Peapack-Gladstone Financial Corp.

     8,814        272,176  

Penns Woods Bancorp, Inc.(a)

     17,658        425,381  

Peoples Bancorp of North Carolina, Inc.

     10,335        244,319  

Peoples Bancorp, Inc.

     60,059        1,992,157  

Peoples Financial Services Corp.

     14,126        596,682  

Plumas Bancorp(a)

     6,884        201,357  

Preferred Bank

     22,051        1,404,208  

Premier Financial Bancorp, Inc.

     29,939        556,566  

Primis Financial Corp.

     61,249        890,560  

QCR Holdings, Inc.

     6,343        299,516  

RBB Bancorp

     39,000        790,530  

Red River Bancshares, Inc.(a)

     3,098        173,519  

Reliant Bancorp, Inc.

     17,503        502,686  

Renasant Corp.

     87,182        3,607,591  

Republic Bancorp, Inc. Class A

     33,604        1,488,321  

Richmond Mutual BanCorp, Inc.(a)

     11,637        157,798  

Salisbury Bancorp, Inc.

     10,961        486,778  

Sandy Spring Bancorp, Inc.

     102,495        4,451,358  

SB Financial Group, Inc.(a)

     7,454        136,110  

ServisFirst Bancshares, Inc.

     80,251        4,921,794  

Shore Bancshares, Inc.(a)

     21,805        371,121  

Sierra Bancorp

     39,222        1,051,150  

Simmons First National Corp. Class A

     202,850        6,018,560  

SmartFinancial, Inc.

     6,401        138,582  

South Plains Financial, Inc.

     13,757        312,559  

Southside Bancshares, Inc.

     76,775        2,956,605  

Spirit of Texas Bancshares, Inc.

     9,260        206,591  

Stock Yards Bancorp, Inc.(a)

     46,647        2,381,796  

Summit Financial Group, Inc.

     24,879        660,537  

Tompkins Financial Corp.

     24,560        2,031,112  

Towne Bank

     132,602        4,031,101  

TriCo Bancshares

     43,433        2,057,421  

Trustmark Corp.

     126,606        4,261,558  

Union Bankshares, Inc.(a)

     16,148        484,440  

United Community Banks, Inc.

     131,682        4,492,990  

United Security Bancshares

     52,961        433,751  

Unity Bancorp, Inc.(a)

     8,813        193,886  

Univest Financial Corp.

     62,236        1,779,327  

Veritex Holdings, Inc.

     85,918        2,811,237  

Washington Trust Bancorp, Inc.

     44,409        2,292,837  

WesBanco, Inc.

     165,561        5,970,130  

West Bancorp, Inc.(a)

     53,111        1,279,444  

Westamerica BanCorp

     72,758        4,567,747  
     

 

 

 
Total Banks

 

     315,438,356  
Beverages – 0.2%

 

Coca-Cola Consolidated, Inc.

     5,832        1,684,165  

MGP Ingredients, Inc.

     26,198        1,549,612  
     

 

 

 
Total Beverages

 

     3,233,777  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2021

 

 

 

Investments    Shares      Value  
Building Products – 0.7%

 

Apogee Enterprises, Inc.

     106,260      $ 4,343,909  

CSW Industrials, Inc.

     14,895        2,010,825  

Griffon Corp.

     131,385        3,569,730  

Insteel Industries, Inc.

     20,345        627,440  

Quanex Building Products Corp.

     76,107        1,996,287  
     

 

 

 
Total Building Products

 

     12,548,191  
Capital Markets – 2.4%

 

B. Riley Financial, Inc.

     91,256        5,145,013  

BGC Partners, Inc. Class A

     199,779        964,933  

Brightsphere Investment Group, Inc.

     21,628        440,779  

Cowen, Inc. Class A

     23,042        809,926  

Federated Hermes, Inc. Class B

     208,205        6,516,816  

GAMCO Investors, Inc. Class A

     11,365        210,821  

GCM Grosvenor, Inc. Class A(a)

     865,242        10,296,380  

Greenhill & Co., Inc.

     18,020        296,970  

Hamilton Lane, Inc. Class A

     48,860        4,327,042  

Moelis & Co. Class A

     165,038        9,057,285  

Oppenheimer Holdings, Inc. Class A

     17,683        708,204  

Piper Sandler Cos.

     20,840        2,285,106  

PJT Partners, Inc. Class A

     5,623        380,396  

Pzena Investment Management, Inc. Class A

     14,517        152,864  

Silvercrest Asset Management Group, Inc. Class A

     24,074        346,184  

Value Line, Inc.(a)

     16,685        470,350  

Victory Capital Holdings, Inc. Class A(a)

     10,436        266,744  

Virtus Investment Partners, Inc.

     7,372        1,736,106  
     

 

 

 
Total Capital Markets

 

     44,411,919  
Chemicals – 3.0%

 

Cabot Corp.

     283,970        14,891,387  

Chase Corp.

     11,125        1,294,839  

FutureFuel Corp.

     117,234        1,703,410  

H.B. Fuller Co.(a)

     145,709        9,166,553  

Hawkins, Inc.

     86,870        2,911,882  

Innospec, Inc.

     45,528        4,675,270  

Kronos Worldwide, Inc.

     652,832        9,988,330  

Minerals Technologies, Inc.

     18,527        1,395,454  

Stepan Co.

     52,119        6,624,846  

Tredegar Corp.

     107,225        1,609,447  

Valhi, Inc.

     49,432        1,013,850  
     

 

 

 
Total Chemicals

 

     55,275,268  
Commercial Services & Supplies – 5.0%

 

ABM Industries, Inc.

     184,974        9,435,524  

ACCO Brands Corp.

     410,116        3,461,379  

Acme United Corp.

     12,982        512,010  

Brady Corp. Class A

     134,480        7,187,956  

CompX International, Inc.

     19,813        356,832  

Covanta Holding Corp.

     490,095        6,792,717  

Deluxe Corp.

     275,554        11,562,246  

Ennis, Inc.

     206,313        4,404,783  

Healthcare Services Group, Inc.

     365,031        10,231,819  

Herman Miller, Inc.

     173,336        7,132,776  

HNI Corp.

     210,259        8,317,846  

Interface, Inc.

     53,917      672,884  

Kimball International, Inc. Class B

     177,287        2,482,018  

Matthews International Corp. Class A

     148,019        5,854,151  

Pitney Bowes, Inc.

     878,186        7,236,253  

Steelcase, Inc. Class A

     421,981        6,072,307  

VSE Corp.

     14,711        581,084  
     

 

 

 
Total Commercial Services & Supplies

 

     92,294,585  
Communications Equipment – 0.3%

 

ADTRAN, Inc.

     180,467        3,010,190  

Comtech Telecommunications Corp.

     82,790        2,056,504  

PCTEL, Inc.*

     72,431        503,395  
     

 

 

 
Total Communications Equipment

 

     5,570,089  
Construction & Engineering – 1.0%

 

Arcosa, Inc.

     28,823        1,876,089  

Argan, Inc.(a)

     52,588        2,805,570  

Comfort Systems USA, Inc.

     72,166        5,395,852  

Granite Construction, Inc.

     133,818        5,386,174  

Primoris Services Corp.

     67,762        2,244,955  
     

 

 

 
Total Construction & Engineering

 

     17,708,640  
Construction Materials – 0.0%

 

United States Lime & Minerals, Inc.

     4,697        628,036  
Consumer Finance – 0.9%

 

Curo Group Holdings Corp.(a)

     51,893        757,119  

FirstCash, Inc.

     33,810        2,220,302  

Navient Corp.

     717,210        10,263,275  

Nelnet, Inc. Class A

     21,566        1,568,711  

Regional Management Corp.

     23,309        807,890  
     

 

 

 
Total Consumer Finance

 

     15,617,297  
Containers & Packaging – 1.2%

 

Greif, Inc. Class A(a)

     325,172        18,534,804  

Myers Industries, Inc.

     158,979        3,141,425  
     

 

 

 
Total Containers & Packaging

 

     21,676,229  
Distributors – 0.4%

 

Core-Mark Holding Co., Inc.

     114,981        4,448,615  

Educational Development Corp.(a)

     49,388        842,065  

Weyco Group, Inc.(a)

     54,063        1,169,383  
     

 

 

 
Total Distributors

 

     6,460,063  
Diversified Consumer Services – 0.8%

 

Carriage Services, Inc.

     48,858        1,719,313  

Graham Holdings Co. Class B

     7,424        4,175,555  

Strategic Education, Inc.

     92,497        8,501,399  
     

 

 

 
Total Diversified Consumer Services

 

     14,396,267  
Diversified Financial Services – 0.1%

 

Alerus Financial Corp.(a)

     33,634        1,001,621  

Marlin Business Services Corp.

     22,386        305,345  
     

 

 

 
Total Diversified Financial Services

 

     1,306,966  
Diversified Telecommunication Services – 0.1%

 

ATN International, Inc.

     32,683        1,605,389  
Electric Utilities – 1.2%

 

Genie Energy Ltd. Class B(a)

     216,547        1,372,908  

MGE Energy, Inc.

     113,462        8,100,052  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2021

 

 

 

Investments    Shares      Value  

Otter Tail Corp.

     212,156      $ 9,795,243  

Spark Energy, Inc. Class A(a)

     241,587        2,580,149  
     

 

 

 
Total Electric Utilities

 

     21,848,352  
Electrical Equipment – 0.5%

 

Allied Motion Technologies, Inc.

     6,187        317,579  

AZZ, Inc.

     58,807        2,960,932  

Encore Wire Corp.

     6,786        455,544  

GrafTech International Ltd.

     158,229        1,935,141  

LSI Industries, Inc.

     154,339        1,316,512  

Powell Industries, Inc.(a)

     58,640        1,986,137  

Preformed Line Products Co.

     10,863        746,831  
     

 

 

 
Total Electrical Equipment

 

     9,718,676  
Electronic Equipment, Instruments & Components – 1.4%

 

Badger Meter, Inc.

     50,965        4,743,312  

Bel Fuse, Inc. Class B

     23,627        469,941  

Belden, Inc.

     34,624        1,536,267  

Benchmark Electronics, Inc.

     130,964        4,049,407  

CTS Corp.

     32,124        997,771  

Methode Electronics, Inc.

     68,900        2,892,422  

PC Connection, Inc.(a)

     30,515        1,415,591  

Vishay Intertechnology, Inc.

     391,047        9,416,412  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     25,521,123  
Energy Equipment & Services – 1.0%

 

Archrock, Inc.

     1,443,586        13,699,631  

Cactus, Inc. Class A

     94,003        2,878,372  

Solaris Oilfield Infrastructure, Inc. Class A(a)

     206,102        2,528,872  
     

 

 

 
Total Energy Equipment & Services

 

     19,106,875  
Entertainment – 0.6%

 

Warner Music Group Corp. Class A(a)

     187,696        6,443,604  

World Wrestling Entertainment, Inc. Class A(a)

     77,989        4,231,683  
     

 

 

 
Total Entertainment

 

     10,675,287  
Equity Real Estate Investment Trusts (REITs) – 8.6%

 

Alexander’s, Inc.

     16,244        4,504,461  

Alpine Income Property Trust, Inc.

     19,993        347,079  

American Assets Trust, Inc.

     101,321        3,286,853  

Armada Hoffler Properties, Inc.

     131,049        1,643,354  

Bluerock Residential Growth REIT, Inc.

     84,163        850,888  

Brandywine Realty Trust

     583,406        7,531,772  

Brookfield Property REIT, Inc. Class A

     174,886        3,139,204  

BRT Apartments Corp.

     54,250        913,570  

CareTrust REIT, Inc.

     226,833        5,281,806  

CatchMark Timber Trust, Inc. Class A

     156,336        1,591,501  

Centerspace

     36,077        2,453,236  

CIM Commercial Trust Corp.(a)

     12,553        161,808  

Clipper Realty, Inc.

     74,026        586,286  

Columbia Property Trust, Inc.

     355,731        6,083,000  

Community Healthcare Trust, Inc.

     45,839        2,114,095  

CTO Realty Growth, Inc.(a)

     20,216        1,051,434  

Diversified Healthcare Trust

     148,853        711,517  

Easterly Government Properties, Inc.

     207,070        4,292,561  

Essential Properties Realty Trust, Inc.

     244,656        5,585,497  

Farmland Partners, Inc.

     52,836        592,292  

Four Corners Property Trust, Inc.

     241,108        6,606,359  

Getty Realty Corp.

     172,694      4,890,694  

Gladstone Commercial Corp.

     152,166        2,976,367  

Gladstone Land Corp.

     53,778        984,137  

Global Medical REIT, Inc.

     147,385        1,932,217  

Independence Realty Trust, Inc.

     185,736        2,823,187  

Indus Realty Trust, Inc.

     2,468        148,475  

Industrial Logistics Properties Trust

     288,666        6,676,845  

iStar, Inc.(a)

     107,964        1,919,600  

Kite Realty Group Trust

     100,084        1,930,620  

LTC Properties, Inc.

     121,472        5,067,812  

Monmouth Real Estate Investment Corp.

     230,023        4,069,107  

National Storage Affiliates Trust

     218,372        8,719,594  

NETSTREIT Corp.

     67,952        1,256,433  

New Senior Investment Group, Inc.

     211,228        1,315,950  

NexPoint Residential Trust, Inc.

     56,896        2,622,337  

Office Properties Income Trust

     232,500        6,398,400  

One Liberty Properties, Inc.

     83,344        1,856,071  

Paramount Group, Inc.

     473,834        4,799,938  

Piedmont Office Realty Trust, Inc. Class A

     337,445        5,861,420  

Plymouth Industrial REIT, Inc.

     85,452        1,439,866  

Postal Realty Trust, Inc. Class A(a)

     22,710        390,158  

Retail Properties of America, Inc. Class A

     46,317        485,402  

Retail Value, Inc.

     77,020        1,441,044  

Saul Centers, Inc.

     72,411        2,904,405  

SITE Centers Corp.

     204,799        2,777,074  

UMH Properties, Inc.

     109,777        2,104,425  

Uniti Group, Inc.

     660,819        7,288,834  

Universal Health Realty Income Trust

     26,736        1,812,166  

Urstadt Biddle Properties, Inc. Class A

     63,613        1,059,156  

Washington Real Estate Investment Trust

     215,609        4,764,959  

Weingarten Realty Investors

     212,711        5,724,053  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     157,769,319  
Food & Staples Retailing – 1.6%

 

Andersons, Inc. (The)

     154,372        4,226,705  

Ingles Markets, Inc. Class A

     52,923        3,262,703  

Natural Grocers by Vitamin Cottage, Inc.(a)

     95,117        1,669,303  

PriceSmart, Inc.

     52,958        5,123,687  

SpartanNash Co.

     239,572        4,702,798  

Village Super Market, Inc. Class A

     72,135        1,700,222  

Weis Markets, Inc.(a)

     152,251        8,605,227  
     

 

 

 
Total Food & Staples Retailing

 

     29,290,645  
Food Products – 2.2%

 

Alico, Inc.(a)

     17,147        512,009  

B&G Foods, Inc.(a)

     932,685        28,969,196  

Calavo Growers, Inc.(a)

     38,312        2,974,544  

John B. Sanfilippo & Son, Inc.

     18,318        1,655,398  

Limoneira Co.

     60,135        1,052,362  

Tootsie Roll Industries, Inc.(a)

     109,600        3,631,046  

Utz Brands, Inc.

     89,845        2,227,258  
     

 

 

 
Total Food Products

 

     41,021,813  
Gas Utilities – 2.0%

 

Chesapeake Utilities Corp.

     65,175        7,565,514  

Northwest Natural Holding Co.

     179,686        9,694,060  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2021

 

 

 

Investments    Shares      Value  

RGC Resources, Inc.

     45,964      $ 1,019,481  

South Jersey Industries, Inc.(a)

     793,534        17,917,998  
     

 

 

 
Total Gas Utilities

 

     36,197,053  
Health Care Equipment & Supplies – 0.2%

 

Atrion Corp.(a)

     2,818        1,807,212  

LeMaitre Vascular, Inc.

     29,748        1,451,107  

Mesa Laboratories, Inc.

     1,213        295,366  

Utah Medical Products, Inc.

     5,874        508,688  
     

 

 

 
Total Health Care Equipment & Supplies

 

     4,062,373  
Health Care Providers & Services – 1.2%

 

National HealthCare Corp.

     73,072        5,693,039  

Owens & Minor, Inc.

     7,083        266,250  

Patterson Cos., Inc.

     475,929        15,205,932  
     

 

 

 
Total Health Care Providers & Services

 

     21,165,221  
Health Care Technology – 0.0%

 

Simulations Plus, Inc.(a)

     14,285        903,383  
Hotels, Restaurants & Leisure – 0.8%

 

Jack in the Box, Inc.(a)

     61,731        6,776,829  

Nathan’s Famous, Inc.

     11,850        747,617  

Papa John’s International, Inc.

     76,334        6,766,246  

RCI Hospitality Holdings, Inc.

     12,370        786,608  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     15,077,300  
Household Durables – 0.9%

 

Bassett Furniture Industries, Inc.

     33,308        808,385  

Ethan Allen Interiors, Inc.

     203,942        5,630,839  

Flexsteel Industries, Inc.(a)

     10,716        373,452  

Hamilton Beach Brands Holding Co. Class A

     32,604        591,110  

Hooker Furniture Corp.(a)

     46,098        1,680,733  

La-Z-Boy, Inc.(a)

     149,543        6,352,587  

Lifetime Brands, Inc.

     47,562        698,686  
     

 

 

 
Total Household Durables

 

     16,135,792  
Household Products – 0.1%

 

Ocean Bio-Chem, Inc.(a)

     11,841        142,329  

Oil-Dri Corp. of America

     37,732        1,299,490  
     

 

 

 
Total Household Products

 

     1,441,819  
Insurance – 2.7%

 

American Equity Investment Life Holding Co.

     64,455        2,032,266  

American National Group, Inc.

     57,354        6,186,776  

AMERISAFE, Inc.

     33,464        2,141,696  

Crawford & Co. Class A(a)

     51,003        543,182  

Donegal Group, Inc. Class A

     97,314        1,446,086  

Employers Holdings, Inc.

     55,015        2,368,946  

FBL Financial Group, Inc. Class A(a)

     55,057        3,078,788  

HCI Group, Inc.(a)

     19,380        1,488,772  

Heritage Insurance Holdings, Inc.

     53,815        596,270  

Horace Mann Educators Corp.

     69,287        2,993,891  

Independence Holding Co.

     10,020        399,297  

Investors Title Co.

     2,697        447,702  

Mercury General Corp.

     257,889        15,682,230  

National Western Life Group, Inc. Class A

     314        78,186  

Protective Insurance Corp. Class B

     25,145        575,066  

Safety Insurance Group, Inc.

     57,124      4,812,697  

Stewart Information Services Corp.

     59,304        3,085,587  

Tiptree, Inc.(a)

     74,527        667,017  
     

 

 

 
Total Insurance

 

     48,624,455  
Internet & Direct Marketing Retail – 0.6%

 

PetMed Express, Inc.(a)

     116,786        4,107,948  

Shutterstock, Inc.

     81,835        7,286,588  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     11,394,536  
IT Services – 1.1%

 

Cass Information Systems, Inc.(a)

     50,413        2,332,609  

CSG Systems International, Inc.

     162,245        7,283,178  

Hackett Group, Inc. (The)

     129,478        2,122,144  

NIC, Inc.

     151,990        5,157,021  

Switch, Inc. Class A

     221,580        3,602,891  
     

 

 

 
Total IT Services

 

     20,497,843  
Leisure Products – 0.9%

 

Clarus Corp.

     54,979        937,392  

Escalade, Inc.(a)

     82,609        1,727,354  

Johnson Outdoors, Inc. Class A

     10,791        1,540,415  

Marine Products Corp.

     106,351        1,730,331  

Smith & Wesson Brands, Inc.

     98,915        1,726,067  

Sturm Ruger & Co., Inc.(a)

     140,268        9,267,507  
     

 

 

 
Total Leisure Products

 

     16,929,066  
Life Sciences Tools & Services – 0.2%

 

Luminex Corp.

     107,009        3,413,587  
Machinery – 5.3%

 

Alamo Group, Inc.

     9,118        1,423,776  

Albany International Corp. Class A

     46,476        3,879,352  

Astec Industries, Inc.

     33,904        2,557,040  

Barnes Group, Inc.

     94,000        4,656,760  

Columbus McKinnon Corp.

     24,265        1,280,221  

Douglas Dynamics, Inc.

     92,335        4,261,260  

Eastern Co. (The)

     17,350        464,980  

Enerpac Tool Group Corp.

     20,494        535,303  

EnPro Industries, Inc.

     45,053        3,841,669  

ESCO Technologies, Inc.

     12,411        1,351,434  

Federal Signal Corp.

     130,855        5,011,747  

Gorman-Rupp Co. (The)

     63,385        2,098,677  

Graham Corp.(a)

     42,829        609,885  

Greenbrier Cos., Inc. (The)(a)

     151,744        7,165,352  

Helios Technologies, Inc.

     32,937        2,400,119  

Hurco Cos., Inc.

     13,795        486,964  

Hyster-Yale Materials Handling, Inc.

     41,995        3,658,604  

Kadant, Inc.

     18,325        3,390,308  

Lindsay Corp.

     26,030        4,337,119  

Miller Industries, Inc.

     54,802        2,531,304  

Mueller Industries, Inc.

     153,080        6,329,858  

Mueller Water Products, Inc. Class A

     658,396        9,145,121  

Omega Flex, Inc.

     14,166        2,236,528  

Park-Ohio Holdings Corp.

     24,637        775,819  

Shyft Group, Inc. (The)

     20,112        748,166  

Standex International Corp.

     20,525        1,961,574  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2021

 

 

 

Investments    Shares      Value  

Tennant Co.

     36,225      $ 2,894,015  

Trinity Industries, Inc.

     502,417        14,313,860  

Wabash National Corp.

     130,672        2,456,634  
     

 

 

 
Total Machinery

 

     96,803,449  
Marine – 0.6%

 

Matson, Inc.

     154,126        10,280,204  
Media – 1.4%

 

Entravision Communications Corp. Class A

     332,968        1,345,191  

EW Scripps Co. (The) Class A

     156,644        3,018,530  

John Wiley & Sons, Inc. Class A

     221,405        12,000,151  

Scholastic Corp.

     109,331        3,291,956  

Sinclair Broadcast Group, Inc. Class A

     201,218        5,887,639  
     

 

 

 
Total Media

 

     25,543,467  
Metals & Mining – 3.5%

 

Commercial Metals Co.

     644,030        19,861,885  

Compass Minerals International, Inc.

     356,682        22,371,095  

Gold Resource Corp.

     169,095        446,411  

Haynes International, Inc.

     61,319        1,819,335  

Hecla Mining Co.(a)

     207,436        1,180,311  

Kaiser Aluminum Corp.

     67,208        7,426,484  

Materion Corp.

     26,301        1,742,178  

Olympic Steel, Inc.

     4,301        126,664  

Schnitzer Steel Industries, Inc. Class A(a)

     105,753        4,419,418  

SunCoke Energy, Inc.

     592,329        4,152,226  
     

 

 

 
Total Metals & Mining

 

     63,546,007  
Multi-Utilities – 1.3%

 

Avista Corp.

     426,315        20,356,541  

Unitil Corp.

     79,749        3,643,732  
     

 

 

 
Total Multi-Utilities

 

     24,000,273  
Multiline Retail – 1.3%

 

Big Lots, Inc.

     234,980        16,049,134  

Franchise Group, Inc.

     226,694        8,185,920  
     

 

 

 
Total Multiline Retail

 

     24,235,054  
Oil, Gas & Consumable Fuels – 0.5%

 

Adams Resources & Energy, Inc.

     22,308        624,847  

Evolution Petroleum Corp.

     186,684        630,992  

Falcon Minerals Corp.(a)

     564,383        2,534,080  

NACCO Industries, Inc. Class A

     16,365        408,307  

SM Energy Co.

     68,558        1,122,294  

World Fuel Services Corp.

     117,761        4,145,187  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     9,465,707  
Paper & Forest Products – 1.2%

 

Glatfelter Corp.

     217,781        3,734,944  

Neenah, Inc.

     87,306        4,485,782  

Schweitzer-Mauduit International, Inc.

     213,588        10,459,405  

Verso Corp. Class A

     180,122        2,627,980  
     

 

 

 
Total Paper & Forest Products

 

     21,308,111  
Personal Products – 1.7%

 

Edgewell Personal Care Co.

     129,024        5,109,350  

Medifast, Inc.

     64,668        13,697,976  

Nu Skin Enterprises, Inc. Class A

     219,617      11,615,543  
     

 

 

 
Total Personal Products

 

     30,422,869  
Pharmaceuticals – 0.1%

 

Phibro Animal Health Corp. Class A

     86,096        2,100,742  
Professional Services – 1.5%

 

Barrett Business Services, Inc.

     21,287        1,465,823  

BGSF, Inc.(a)

     49,963        699,482  

CRA International, Inc.

     25,758        1,922,577  

Heidrick & Struggles International, Inc.

     66,397        2,371,701  

ICF International, Inc.

     18,371        1,605,625  

Kforce, Inc.

     63,035        3,378,676  

Korn Ferry

     75,956        4,737,376  

ManTech International Corp. Class A

     96,576        8,397,283  

Resources Connection, Inc.(a)

     219,248        2,968,618  
     

 

 

 
Total Professional Services

 

     27,547,161  
Real Estate Management & Development – 0.7%

 

Kennedy-Wilson Holdings, Inc.

     376,167        7,602,335  

Newmark Group, Inc. Class A

     62,152        621,831  

RE/MAX Holdings, Inc. Class A

     28,871        1,137,228  

RMR Group, Inc. (The) Class A

     31,053        1,267,273  

St. Joe Co. (The)

     31,052        1,332,131  
     

 

 

 
Total Real Estate Management & Development

 

     11,960,798  
Road & Rail – 0.9%

 

ArcBest Corp.

     43,691        3,074,536  

Heartland Express, Inc.

     58,499        1,145,410  

Marten Transport Ltd.

     118,860        2,017,054  

Schneider National, Inc. Class B

     262,055        6,543,513  

Universal Logistics Holdings, Inc.

     111,422        2,931,513  
     

 

 

 
Total Road & Rail

 

     15,712,026  
Semiconductors & Semiconductor Equipment – 0.2%

 

NVE Corp.(a)

     55,320        3,877,932  
Software – 1.2%

 

American Software, Inc. Class A

     113,082        2,340,797  

Ebix, Inc.(a)

     41,734        1,336,740  

InterDigital, Inc.

     105,904        6,719,609  

Progress Software Corp.

     170,364        7,506,238  

QAD, Inc. Class A

     16,529        1,100,501  

Xperi Holding Corp.(a)

     167,267        3,641,402  
     

 

 

 
Total Software

 

     22,645,287  
Specialty Retail – 3.8%

 

Big 5 Sporting Goods Corp.(a)

     240,532        3,776,352  

Buckle, Inc. (The)

     274,883        10,797,404  

Caleres, Inc.

     118,266        2,578,199  

Camping World Holdings, Inc. Class A(a)

     84,935        3,089,935  

Group 1 Automotive, Inc.

     25,659        4,048,734  

Guess?, Inc.(a)

     214,775        5,047,213  

Haverty Furniture Cos., Inc.

     130,167        4,840,911  

Monro, Inc.(a)

     93,117        6,127,099  

Rent-A-Center, Inc.

     413,278        23,829,609  

Shoe Carnival, Inc.

     19,987        1,236,796  

Sonic Automotive, Inc. Class A

     46,299        2,295,041  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2021

 

 

 

Investments    Shares      Value  

Winmark Corp.

     5,231      $ 975,215  
     

 

 

 
Total Specialty Retail

 

     68,642,508  
Textiles, Apparel & Luxury Goods – 1.8%

 

Culp, Inc.

     46,401        714,111  

Kontoor Brands, Inc.

     469,750        22,796,968  

Rocky Brands, Inc.

     25,398        1,373,016  

Superior Group of Cos., Inc.

     56,916        1,446,805  

Wolverine World Wide, Inc.

     162,904        6,242,481  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     32,573,381  
Thrifts & Mortgage Finance – 2.8%

 

Capitol Federal Financial, Inc.

     346,124        4,584,412  

ESSA Bancorp, Inc.(a)

     19,889        318,224  

Federal Agricultural Mortgage Corp. Class C

     22,923        2,308,805  

Flagstar Bancorp, Inc.

     20,688        933,029  

FS Bancorp, Inc.

     6,863        461,194  

Hingham Institution For Savings (The)

     1,145        324,905  

Home Bancorp, Inc.

     14,858        535,631  

HomeStreet, Inc.

     17,948        790,968  

Kearny Financial Corp.

     151,913        1,835,109  

Luther Burbank Corp.

     78,796        932,157  

Merchants Bancorp

     31,467        1,319,726  

Meridian Bancorp, Inc.

     58,431        1,076,299  

Meta Financial Group, Inc.

     11,752        532,483  

Northfield Bancorp, Inc.

     124,039        1,974,701  

Northwest Bancshares, Inc.

     450,075        6,503,584  

OP Bancorp(a)

     38,294        402,853  

PCSB Financial Corp.

     9,659        160,436  

Premier Financial Corp.

     88,464        2,942,313  

Provident Bancorp, Inc.(a)

     21,641        311,630  

Provident Financial Holdings, Inc.

     25,166        425,305  

Provident Financial Services, Inc.

     246,935        5,501,712  

Prudential Bancorp, Inc.(a)

     5,290        78,080  

Riverview Bancorp, Inc.

     59,270        410,741  

Southern Missouri Bancorp, Inc.

     14,167        558,463  

Territorial Bancorp, Inc.

     19,485        515,573  

Timberland Bancorp, Inc.

     10,833        301,266  

TrustCo Bank Corp.

     256,457        1,890,088  

Walker & Dunlop, Inc.

     44,677        4,590,115  

Washington Federal, Inc.

     150,628        4,639,342  

Waterstone Financial, Inc.

     64,571        1,318,540  

Western New England Bancorp, Inc.

     43,665        368,096  

WSFS Financial Corp.(a)

     35,896        1,787,262  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     50,633,042  
Tobacco – 2.4%

 

Turning Point Brands, Inc.(a)

     14,207        741,179  

Universal Corp.

     224,574        13,247,620  

Vector Group Ltd.

     2,208,167        30,803,930  
     

 

 

 
Total Tobacco

 

     44,792,729  
Trading Companies & Distributors – 1.9%

 

Boise Cascade Co.

     79,121        4,733,809  

CAI International, Inc.

     80,800        3,678,016  

H&E Equipment Services, Inc.

     205,940        7,825,720  

McGrath RentCorp

     97,477      7,861,520  

Rush Enterprises, Inc. Class A

     113,308        5,646,138  

Systemax, Inc.

     131,313        5,399,591  
     

 

 

 
Total Trading Companies & Distributors

 

     35,144,794  
Water Utilities – 1.2%

 

Artesian Resources Corp. Class A

     52,669        2,074,105  

California Water Service Group

     182,424        10,277,768  

Global Water Resources, Inc.(a)

     61,406        1,001,532  

Middlesex Water Co.

     35,851        2,832,946  

SJW Group

     75,961        4,784,784  

York Water Co. (The)(a)

     32,272        1,580,360  
     

 

 

 
Total Water Utilities

 

     22,551,495  
Wireless Telecommunication Services – 1.1%

 

Shenandoah Telecommunications Co.

     87,241        4,258,233  

Spok Holdings, Inc.

     198,227        2,079,401  

Telephone & Data Systems, Inc.

     584,524        13,420,671  
     

 

 

 
Total Wireless Telecommunication Services

 

     19,758,305  
Total United States

 

     1,817,627,962  
Puerto Rico – 0.4%

 

Banks – 0.2%

 

First Bancorp

     295,962        3,332,532  

OFG Bancorp

     44,607        1,009,010  
     

 

 

 
Total Banks

 

     4,341,542  
IT Services – 0.2%

 

EVERTEC, Inc.

     82,684        3,077,499  
Total Puerto Rico

 

     7,419,041  

TOTAL COMMON STOCKS

(Cost: $1,536,407,490)

 

 

     1,825,047,003  
EXCHANGE-TRADED FUND – 0.0%

 

United States – 0.0%

 

WisdomTree U.S. MidCap Dividend Fund(a)(b)

     
(Cost: $7,598)      327        13,217  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3%

 

United States – 2.3%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(c)

 

  
(Cost: $42,279,171)      42,279,171        42,279,171  

TOTAL INVESTMENTS IN SECURITIES – 102.1%

(Cost: $1,578,694,259)

 

 

     1,867,339,391  

Other Assets less Liabilities – (2.1)%

 

     (37,516,517
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,829,822,874  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $82,797,403 and the total market value of the collateral held by the Fund was $85,277,728. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $42,998,557.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2021

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree U.S. MidCap Dividend Fund

  $ 2,449,921     $ 18,192,472     $ 23,109,516     $ 2,556,443     $ (76,103   $ 13,217     $ 102,535  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 1,825,047,003      $      $      $ 1,825,047,003  

Exchange-Traded Fund

     13,217                      13,217  

Investment of Cash Collateral for Securities Loaned

            42,279,171               42,279,171  

Total Investments in Securities

   $ 1,825,060,220      $ 42,279,171      $      $ 1,867,339,391  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Schedule of Investments

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
United States – 99.7%

 

Aerospace & Defense – 1.0%

 

Aerovironment, Inc.*

     6,458      $ 749,515  

Cubic Corp.

     8,980        669,639  

Ducommun, Inc.*

     9,554        573,240  

Kaman Corp.

     7,618        390,727  

National Presto Industries, Inc.

     7,445        759,911  

PAE, Inc.*(a)

     40,906        368,972  

Park Aerospace Corp.

     16,377        216,504  

Triumph Group, Inc.

     113,039        2,077,657  

Vectrus, Inc.*

     10,859        580,305  
     

 

 

 
Total Aerospace & Defense

 

     6,386,470  
Air Freight & Logistics – 1.3%

 

Air Transport Services Group, Inc.*

     48,973        1,432,950  

Atlas Air Worldwide Holdings, Inc.*

     60,027        3,628,032  

Echo Global Logistics, Inc.*

     7,921        248,799  

Forward Air Corp.

     12,255        1,088,366  

Hub Group, Inc. Class A*

     19,825        1,333,826  
     

 

 

 
Total Air Freight & Logistics

 

     7,731,973  
Airlines – 0.2%

 

Mesa Air Group, Inc.*

     70,771        951,870  
Auto Components – 1.2%

 

Cooper Tire & Rubber Co.

     51,840        2,902,003  

Gentherm, Inc.*

     13,040        966,394  

Modine Manufacturing Co.*

     35,867        529,756  

Motorcar Parts of America, Inc.*

     7,439        167,378  

Patrick Industries, Inc.

     18,000        1,530,000  

Standard Motor Products, Inc.

     19,614        815,550  

XPEL, Inc.*(a)

     6,281        326,172  
     

 

 

 
Total Auto Components

 

     7,237,253  
Automobiles – 0.2%

 

Winnebago Industries, Inc.

     17,810        1,366,205  
Banks – 13.7%

 

1st Source Corp.

     22,858        1,087,584  

Allegiance Bancshares, Inc.

     8,660        351,076  

Altabancorp

     13,185        554,297  

Amalgamated Financial Corp.

     19,657        326,110  

American National Bankshares, Inc.

     162        5,357  

Arrow Financial Corp.

     11,662        388,461  

Atlantic Capital Bancshares, Inc.*

     2,461        59,310  

BancFirst Corp.

     16,771        1,185,542  

Bancorp, Inc. (The)*

     48,731        1,009,706  

Bank First Corp.

     3,446        258,416  

Bank of Marin Bancorp

     6,471        253,404  

Banner Corp.

     23,920        1,275,654  

Baycom Corp.*

     5,044        90,893  

BCB Bancorp, Inc.

     346        4,775  

Berkshire Hills Bancorp, Inc.

     15,523        346,473  

Brookline Bancorp, Inc.

     19,212        288,180  

Bryn Mawr Bank Corp.

     2,348        106,857  

Business First Bancshares, Inc.

     7,651        183,088  

Byline Bancorp, Inc.

     14,620      309,213  

Cadence BanCorp

     38,028        788,320  

Cambridge Bancorp

     209        17,623  

Camden National Corp.

     9,551        457,111  

Capital City Bank Group, Inc.

     8,789        228,690  

Capstar Financial Holdings, Inc.

     342        5,900  

CBTX, Inc.

     4,299        132,065  

Central Pacific Financial Corp.

     11,663        311,169  

Central Valley Community Bancorp

     1,905        35,071  

Century Bancorp, Inc. Class A

     3,915        365,309  

ChoiceOne Financial Services, Inc.

     5,806        139,634  

Citizens & Northern Corp.

     9,423        224,079  

City Holding Co.

     15,448        1,263,337  

Civista Bancshares, Inc.

     3,322        76,207  

CNB Financial Corp.

     16,282        400,700  

Community Trust Bancorp, Inc.

     17,993        792,232  

ConnectOne Bancorp, Inc.

     43,767        1,109,493  

Customers Bancorp, Inc.*

     53,772        1,711,025  

Dime Community Bancshares, Inc.

     36,133        1,089,049  

Eagle Bancorp Montana, Inc.

     5,706        138,770  

Eagle Bancorp, Inc.

     38,137        2,029,270  

Enterprise Bancorp, Inc.

     222        7,219  

Enterprise Financial Services Corp.

     25,040        1,237,978  

Esquire Financial Holdings, Inc.*

     3,608        82,298  

Farmers National Banc Corp.

     27,878        465,563  

FB Financial Corp.

     14,163        629,687  

Financial Institutions, Inc.

     6,113        185,163  

First Bancorp

     22,419        975,226  

First Bancshares, Inc. (The)

     8,308        304,156  

First Busey Corp.

     56,910        1,459,741  

First Business Financial Services, Inc.

     192        4,748  

First Choice Bancorp

     270        6,564  

First Commonwealth Financial Corp.

     84,010        1,207,224  

First Community Bankshares, Inc.

     12,451        373,405  

First Financial Bancorp

     102,199        2,452,776  

First Financial Corp.

     15,897        715,524  

First Foundation, Inc.

     44,314        1,039,606  

First Internet Bancorp

     4,830        170,161  

First Interstate BancSystem, Inc. Class A

     54,605        2,514,014  

First Merchants Corp.

     49,353        2,294,914  

First Mid Bancshares, Inc.

     12,667        556,461  

First of Long Island Corp. (The)

     21,367        454,049  

Flushing Financial Corp.

     24,545        521,090  

Fulton Financial Corp.

     155,842        2,653,989  

German American Bancorp, Inc.

     11,748        542,993  

Great Southern Bancorp, Inc.

     13,541        767,368  

Guaranty Bancshares, Inc.

     2,264        83,202  

HarborOne Bancorp, Inc.

     33,651        453,279  

HBT Financial, Inc.

     23,330        399,410  

Heartland Financial USA, Inc.

     37,665        1,893,043  

Heritage Commerce Corp.

     8,717        106,522  

Heritage Financial Corp.

     6,508        183,786  

Hope Bancorp, Inc.

     136,093        2,049,561  

Horizon Bancorp, Inc.

     33,539        623,155  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  

Independent Bank Corp.

     20,564      $ 486,133  

International Bancshares Corp.

     58,170        2,700,251  

Lakeland Bancorp, Inc.

     48,146        839,185  

Lakeland Financial Corp.

     16,547        1,144,887  

Live Oak Bancshares, Inc.

     10,026        686,681  

Macatawa Bank Corp.

     576        5,731  

Mercantile Bank Corp.

     8,561        277,976  

Metrocity Bankshares, Inc.

     17,197        264,490  

Metropolitan Bank Holding Corp.*

     4,936        248,577  

Midland States Bancorp, Inc.

     24,201        671,336  

MidWestOne Financial Group, Inc.

     2,531        78,385  

National Bank Holdings Corp. Class A

     29,688        1,178,020  

National Bankshares, Inc.

     1,042        37,001  

NBT Bancorp, Inc.

     37,001        1,476,340  

Nicolet Bankshares, Inc.*

     8,521        711,163  

Northeast Bank

     5,333        140,738  

Northrim Bancorp, Inc.

     5,870        249,534  

OceanFirst Financial Corp.

     46,400        1,110,816  

Old Second Bancorp, Inc.

     6,421        84,821  

Origin Bancorp, Inc.

     3,677        155,942  

Orrstown Financial Services, Inc.

     510        11,373  

Parke Bancorp, Inc.

     4,814        96,232  

Peapack-Gladstone Financial Corp.

     6,519        201,307  

Peoples Bancorp, Inc.

     771        25,574  

Peoples Financial Services Corp.

     114        4,815  

Preferred Bank

     10,915        695,067  

Premier Financial Bancorp, Inc.

     282        5,242  

Primis Financial Corp.

     450        6,543  

Professional Holding Corp. Class A*

     4,666        85,714  

QCR Holdings, Inc.

     15,889        750,279  

RBB Bancorp

     7,171        145,356  

Red River Bancshares, Inc.

     3,562        199,508  

Reliant Bancorp, Inc.

     5,660        162,555  

Renasant Corp.

     27,858        1,152,764  

Republic Bancorp, Inc. Class A

     13,469        596,542  

Sandy Spring Bancorp, Inc.

     25,841        1,122,275  

Seacoast Banking Corp. of Florida*

     30,561        1,107,531  

ServisFirst Bancshares, Inc.

     47,696        2,925,196  

Shore Bancshares, Inc.(a)

     5,923        100,809  

Sierra Bancorp

     12,891        345,479  

Silvergate Capital Corp. Class A*

     4,699        668,057  

SmartFinancial, Inc.

     1,480        32,042  

Southern First Bancshares, Inc.*

     141        6,610  

Southside Bancshares, Inc.

     17,123        659,407  

Spirit of Texas Bancshares, Inc.

     168        3,748  

Stock Yards Bancorp, Inc.

     13,402        684,306  

Towne Bank

     68,486        2,081,974  

TriCo Bancshares

     13,910        658,917  

Triumph Bancorp, Inc.*

     7,410        573,460  

Trustmark Corp.

     60,922        2,050,635  

United Community Banks, Inc.

     68,178        2,326,233  

Univest Financial Corp.

     7,526        215,168  

Veritex Holdings, Inc.

     36,009        1,178,214  

Washington Trust Bancorp, Inc.

     12,039        621,574  

WesBanco, Inc.

     47,146      1,700,085  

West Bancorp, Inc.

     4,779        115,126  

Westamerica BanCorp

     11,621        729,566  
     

 

 

 
Total Banks

 

     83,406,615  
Beverages – 0.5%

 

Coca-Cola Consolidated, Inc.

     7,792        2,250,174  

MGP Ingredients, Inc.

     14,911        881,985  
     

 

 

 
Total Beverages

 

     3,132,159  
Biotechnology – 1.2%

 

Anika Therapeutics, Inc.*

     3,872        157,939  

Catalyst Pharmaceuticals, Inc.*

     249,771        1,151,444  

Coherus Biosciences, Inc.*(a)

     128,307        1,874,565  

Eagle Pharmaceuticals, Inc.*

     2,907        121,338  

Ironwood Pharmaceuticals, Inc.*

     181,920        2,033,866  

MiMedx Group, Inc.*(a)

     34,924        359,717  

Sutro Biopharma, Inc.*

     13,298        302,663  

Vanda Pharmaceuticals, Inc.*

     22,397        336,403  

Vericel Corp.*(a)

     11,501        638,881  

Voyager Therapeutics, Inc.*(a)

     79,030        372,231  
     

 

 

 
Total Biotechnology

 

     7,349,047  
Building Products – 1.4%

 

American Woodmark Corp.*

     14,319        1,411,567  

Apogee Enterprises, Inc.

     25,662        1,049,063  

Cornerstone Building Brands, Inc.*

     111,936        1,570,462  

CSW Industrials, Inc.

     6,720        907,200  

Griffon Corp.

     57,018        1,549,179  

Insteel Industries, Inc.

     16,329        503,586  

PGT Innovations, Inc.*

     37,121        937,305  

Quanex Building Products Corp.

     26,048        683,239  
     

 

 

 
Total Building Products

 

     8,611,601  
Capital Markets – 1.7%

 

B. Riley Financial, Inc.

     12,563        708,302  

BGC Partners, Inc. Class A

     134,068        647,548  

Brightsphere Investment Group, Inc.

     97,302        1,983,015  

Cowen, Inc. Class A

     55,577        1,953,532  

Diamond Hill Investment Group, Inc.

     1,541        240,411  

Donnelley Financial Solutions, Inc.*

     12,391        344,842  

Focus Financial Partners, Inc. Class A*

     11,005        458,028  

Oppenheimer Holdings, Inc. Class A

     20,624        825,991  

Piper Sandler Cos.

     4,554        499,346  

PJT Partners, Inc. Class A

     8,041        543,974  

StoneX Group, Inc.*

     21,263        1,390,175  

Victory Capital Holdings, Inc. Class A(a)

     34,697        886,855  
     

 

 

 
Total Capital Markets

 

     10,482,019  
Chemicals – 1.9%

 

AdvanSix, Inc.*

     18,756        503,036  

American Vanguard Corp.

     11,765        240,124  

Ferro Corp.*

     34,721        585,396  

FutureFuel Corp.

     72,884        1,059,005  

GCP Applied Technologies, Inc.*

     26,351        646,654  

Hawkins, Inc.

     21,889        733,719  

Innospec, Inc.

     11,423        1,173,028  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  

Koppers Holdings, Inc.*

     43,003      $ 1,494,784  

Kronos Worldwide, Inc.

     65,310        999,243  

Minerals Technologies, Inc.

     32,726        2,464,922  

PQ Group Holdings, Inc.

     74,285        1,240,559  

Tredegar Corp.

     20,728        311,127  
     

 

 

 
Total Chemicals

 

     11,451,597  
Commercial Services & Supplies – 2.4%

 

ACCO Brands Corp.

     149,795        1,264,270  

CECO Environmental Corp.*

     47,052        373,122  

Deluxe Corp.

     83,783        3,515,535  

Ennis, Inc.

     28,645        611,571  

Healthcare Services Group, Inc.

     49,273        1,381,122  

HNI Corp.

     38,033        1,504,585  

Interface, Inc.

     99,872        1,246,403  

Kimball International, Inc. Class B

     55,303        774,242  

Matthews International Corp. Class A

     8,059        318,733  

Pitney Bowes, Inc.

     66,724        549,806  

Steelcase, Inc. Class A

     163,610        2,354,348  

U.S. Ecology, Inc.*

     6,133        255,378  

Vidler Water Resources, Inc.*

     11,730        104,397  

VSE Corp.

     15,007        592,777  
     

 

 

 
Total Commercial Services & Supplies

 

     14,846,289  
Communications Equipment – 0.7%

 

Aviat Networks, Inc.*(a)

     6,144        436,470  

Calix, Inc.*

     15,750        545,895  

Casa Systems, Inc.*

     21,926        208,955  

Clearfield, Inc.*

     7,764        233,929  

Comtech Telecommunications Corp.

     24,382        605,649  

Digi International, Inc.*

     15,604        296,320  

Genasys, Inc.*(a)

     16,350        109,381  

NETGEAR, Inc.*

     14,487        595,416  

NetScout Systems, Inc.*

     17,975        506,176  

PCTEL, Inc.*

     25,751        178,969  

Ribbon Communications, Inc.*

     42,103        345,666  
     

 

 

 
Total Communications Equipment

 

     4,062,826  
Construction & Engineering – 2.2%

 

Aegion Corp.*

     23,954        688,677  

Ameresco, Inc. Class A*

     19,047        926,256  

Comfort Systems USA, Inc.

     36,835        2,754,153  

Construction Partners, Inc. Class A*

     23,457        700,895  

Dycom Industries, Inc.*

     10,639        987,831  

Great Lakes Dredge & Dock Corp.*

     78,452        1,143,830  

IES Holdings, Inc.*

     13,333        672,116  

Matrix Service Co.*

     8,761        114,857  

MYR Group, Inc.*

     13,480        966,112  

Northwest Pipe Co.*(a)

     17,299        578,133  

NV5 Global, Inc.*

     5,558        536,736  

Orion Group Holdings, Inc.*

     55,989        339,853  

Primoris Services Corp.

     49,795        1,649,708  

Sterling Construction Co., Inc.*

     58,228        1,350,890  
     

 

 

 
Total Construction & Engineering

 

     13,410,047  
Construction Materials – 0.4%

 

Forterra, Inc.*

     40,878      950,413  

U.S. Concrete, Inc.*(a)

     11,908        873,095  

United States Lime & Minerals, Inc.

     3,537        472,932  
     

 

 

 
Total Construction Materials

 

     2,296,440  
Consumer Finance – 2.9%

 

Curo Group Holdings Corp.

     101,231        1,476,960  

Elevate Credit, Inc.*

     70,895        207,013  

Encore Capital Group, Inc.*

     64,533        2,596,163  

Enova International, Inc.*

     77,845        2,761,941  

EZCORP, Inc. Class A*

     12,717        63,203  

Navient Corp.

     434,876        6,223,076  

Nelnet, Inc. Class A

     31,377        2,282,363  

PRA Group, Inc.*

     36,074        1,337,263  

Regional Management Corp.

     4,636        160,684  

World Acceptance Corp.*

     3,254        422,239  
     

 

 

 
Total Consumer Finance

 

     17,530,905  
Containers & Packaging – 0.6%

 

Myers Industries, Inc.

     28,600        565,136  

O-I Glass, Inc.

     171,247        2,524,181  

UFP Technologies, Inc.*

     7,307        364,035  
     

 

 

 
Total Containers & Packaging

 

     3,453,352  
Distributors – 0.2%

 

Core-Mark Holding Co., Inc.

     30,172        1,167,355  

Educational Development Corp.

     12,997        221,599  
     

 

 

 
Total Distributors

 

     1,388,954  
Diversified Consumer Services – 1.8%

 

Adtalem Global Education, Inc.*

     59,210        2,341,163  

American Public Education, Inc.*

     10,853        386,692  

Carriage Services, Inc.

     14,986        527,357  

Graham Holdings Co. Class B

     4,306        2,421,867  

Laureate Education, Inc. Class A*

     58,247        791,577  

Lincoln Educational Services Corp.*

     34,377        220,357  

Perdoceo Education Corp.*

     124,364        1,487,394  

Stride, Inc.*

     33,974        1,022,957  

WW International, Inc.*

     51,804        1,620,429  
     

 

 

 
Total Diversified Consumer Services

 

     10,819,793  
Diversified Financial Services – 0.2%

 

A-Mark Precious Metals, Inc.

     15,344        552,384  

Alerus Financial Corp.

     15,133        450,661  
     

 

 

 
Total Diversified Financial Services

 

     1,003,045  
Diversified Telecommunication Services – 0.2%

 

ATN International, Inc.

     3,351        164,601  

Consolidated Communications Holdings, Inc.*

     48,762        351,087  

IDT Corp. Class B*

     31,011        702,709  
     

 

 

 
Total Diversified Telecommunication Services

 

     1,218,397  
Electric Utilities – 0.3%

 

Genie Energy Ltd. Class B

     40,948        259,610  

Otter Tail Corp.

     29,388        1,356,844  

Spark Energy, Inc. Class A

     36,805        393,078  
     

 

 

 
Total Electric Utilities

 

     2,009,532  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  
Electrical Equipment – 1.3%

 

Allied Motion Technologies, Inc.

     6,839      $ 351,046  

Atkore, Inc.*

     50,922        3,661,292  

AZZ, Inc.

     17,116        861,791  

Encore Wire Corp.

     16,442        1,103,751  

LSI Industries, Inc.

     22,580        192,607  

Orion Energy Systems, Inc.*(a)

     11,994        83,478  

Powell Industries, Inc.

     12,456        421,885  

Preformed Line Products Co.

     8,608        591,800  

TPI Composites, Inc.*(a)

     8,603        485,467  
     

 

 

 
Total Electrical Equipment

 

     7,753,117  
Electronic Equipment, Instruments & Components – 2.2%

 

Bel Fuse, Inc. Class B

     12,800        254,592  

Belden, Inc.

     28,222        1,252,210  

Benchmark Electronics, Inc.

     12,003        371,133  

CTS Corp.

     17,466        542,494  

Daktronics, Inc.

     29,833        187,053  

ePlus, Inc.*

     12,481        1,243,607  

Kimball Electronics, Inc.*

     31,897        822,943  

Knowles Corp.*

     23,722        496,264  

Luna Innovations, Inc.*

     22,433        236,219  

Methode Electronics, Inc.

     37,205        1,561,866  

MTS Systems Corp.

     5,778        336,280  

Napco Security Technologies, Inc.*(a)

     8,318        289,716  

OSI Systems, Inc.*

     11,884        1,142,052  

PC Connection, Inc.

     20,245        939,165  

Sanmina Corp.*

     66,818        2,764,929  

TTM Technologies, Inc.*

     48,201        698,914  

Vishay Precision Group, Inc.*

     10,454        322,088  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     13,461,525  
Energy Equipment & Services – 0.9%

 

Archrock, Inc.

     110,375        1,047,459  

Bristow Group, Inc.*

     53,745        1,390,921  

Cactus, Inc. Class A

     27,868        853,318  

DMC Global, Inc.

     7,079        384,107  

Dril-Quip, Inc.*

     8,276        275,011  

Helix Energy Solutions Group, Inc.*

     43,003        217,165  

Natural Gas Services Group, Inc.*

     9,625        90,860  

ProPetro Holding Corp.*

     87,961        937,664  

Solaris Oilfield Infrastructure, Inc. Class A

     45,414        557,230  
     

 

 

 
Total Energy Equipment & Services

 

     5,753,735  
Entertainment – 0.8%

 

Glu Mobile, Inc.*

     47,138        588,282  

Madison Square Garden Entertainment Corp.*

     5,002        409,164  

Sciplay Corp. Class A*

     27,064        437,896  

World Wrestling Entertainment, Inc. Class A

     59,667        3,237,531  
     

 

 

 
Total Entertainment

 

     4,672,873  
Equity Real Estate Investment Trusts (REITs) – 3.8%

 

Acadia Realty Trust

     67,489        1,280,266  

Alexander & Baldwin, Inc.

     13,217        221,914  

Alexander’s, Inc.

     2,021        560,423  

Alpine Income Property Trust, Inc.

     7,992        138,741  

American Assets Trust, Inc.

     21,193      687,501  

Armada Hoffler Properties, Inc.

     49,695        623,175  

Brandywine Realty Trust

     49,743        642,182  

Brookfield Property REIT, Inc. Class A

     81,635        1,465,348  

CareTrust REIT, Inc.

     52,919        1,232,219  

Community Healthcare Trust, Inc.

     6,536        301,440  

CoreCivic, Inc.

     28,853        261,120  

Easterly Government Properties, Inc.

     20,643        427,929  

Empire State Realty Trust, Inc. Class A(a)

     40,238        447,849  

Farmland Partners, Inc.

     26,935        301,941  

Four Corners Property Trust, Inc.

     37,278        1,021,417  

GEO Group, Inc. (The)(a)

     217,417        1,687,156  

Getty Realty Corp.

     27,297        773,051  

Gladstone Land Corp.

     12,056        220,625  

Industrial Logistics Properties Trust

     35,174        813,575  

LTC Properties, Inc.

     25,940        1,082,217  

Monmouth Real Estate Investment Corp.

     24,274        429,407  

Office Properties Income Trust

     12,976        357,100  

One Liberty Properties, Inc.

     16,311        363,246  

Paramount Group, Inc.

     57,014        577,552  

Piedmont Office Realty Trust, Inc. Class A

     42,052        730,443  

Retail Opportunity Investments Corp.

     100,241        1,590,825  

Retail Properties of America, Inc. Class A

     63,362        664,034  

RPT Realty

     87,817        1,001,992  

Saul Centers, Inc.

     17,083        685,199  

Tanger Factory Outlet Centers, Inc.

     51,721        782,539  

Universal Health Realty Income Trust

     5,126        347,440  

Urban Edge Properties

     52,285        863,748  

Urstadt Biddle Properties, Inc. Class A

     16,163        269,114  

Whitestone REIT

     46,059        446,772  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     23,299,500  
Food & Staples Retailing – 1.8%

 

Ingles Markets, Inc. Class A

     30,980        1,909,917  

Natural Grocers by Vitamin Cottage, Inc.

     24,938        437,662  

Rite Aid Corp.*

     48,121        984,556  

SpartanNash Co.

     62,448        1,225,854  

United Natural Foods, Inc.*

     123,386        4,064,335  

Village Super Market, Inc. Class A

     20,134        474,558  

Weis Markets, Inc.

     34,457        1,947,510  
     

 

 

 
Total Food & Staples Retailing

 

     11,044,392  
Food Products – 1.4%

 

Alico, Inc.

     8,754        261,394  

B&G Foods, Inc.

     63,702        1,978,584  

Cal-Maine Foods, Inc.*

     14,262        547,946  

Calavo Growers, Inc.

     5,457        423,682  

Hostess Brands, Inc.*

     67,700        970,818  

John B. Sanfilippo & Son, Inc.

     10,845        980,063  

Seneca Foods Corp. Class A*

     22,118        1,041,537  

Simply Good Foods Co. (The)*

     23,341        710,033  

Tootsie Roll Industries, Inc.

     27,226        901,986  

Utz Brands, Inc.

     16,829        417,191  

Whole Earth Brands, Inc.*(a)

     17,025        222,006  
     

 

 

 
Total Food Products

 

     8,455,240  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  
Gas Utilities – 0.3%

 

Chesapeake Utilities Corp.

     8,568      $ 994,574  

Northwest Natural Holding Co.

     18,016        971,963  
     

 

 

 
Total Gas Utilities

 

     1,966,537  
Health Care Equipment & Supplies – 0.9%

 

Accuray, Inc.*

     54,716        270,844  

Antares Pharma, Inc.*(a)

     72,715        298,859  

Atrion Corp.

     810        519,461  

Avanos Medical, Inc.*

     11,155        487,920  

Co-Diagnostics, Inc.*(a)

     43,831        418,148  

FONAR Corp.*

     13,125        237,431  

iRadimed Corp.*

     7,285        187,734  

Lantheus Holdings, Inc.*

     14,650        313,071  

LeMaitre Vascular, Inc.

     10,468        510,629  

Meridian Bioscience, Inc.*

     35,652        935,865  

Mesa Laboratories, Inc.

     1,141        277,834  

Surmodics, Inc.*

     4,741        265,828  

Utah Medical Products, Inc.

     3,289        284,827  

Zynex, Inc.*(a)

     17,209        262,781  
     

 

 

 
Total Health Care Equipment & Supplies

 

     5,271,232  
Health Care Providers & Services – 2.0%

 

Addus HomeCare Corp.*

     5,515        576,814  

Apollo Medical Holdings, Inc.*

     31,570        855,231  

CorVel Corp.*

     6,644        681,608  

Cross Country Healthcare, Inc.*

     21,977        274,493  

Five Star Senior Living, Inc.*

     61,030        373,504  

Fulgent Genetics, Inc.*(a)

     14,411        1,392,391  

Hanger, Inc.*

     20,727        472,990  

Joint Corp. (The)*

     6,189        299,362  

Magellan Health, Inc.*

     10,302        960,558  

MEDNAX, Inc.*

     63,448        1,616,021  

ModivCare, Inc.*

     8,278        1,226,137  

National Research Corp.

     11,806        552,875  

Owens & Minor, Inc.

     35,214        1,323,694  

Pennant Group, Inc. (The)*

     5,993        274,479  

Sharps Compliance Corp.*

     15,935        228,986  

Tivity Health, Inc.*

     32,315        721,271  

U.S. Physical Therapy, Inc.

     4,215        438,782  
     

 

 

 
Total Health Care Providers & Services

 

     12,269,196  
Health Care Technology – 0.3%

 

Computer Programs & Systems, Inc.

     12,628        386,417  

HealthStream, Inc.*

     14,492        323,751  

Inovalon Holdings, Inc. Class A*

     18,982        546,302  

NextGen Healthcare, Inc.*

     19,768        357,801  

Simulations Plus, Inc.(a)

     4,709        297,797  
     

 

 

 
Total Health Care Technology

 

     1,912,068  
Hotels, Restaurants & Leisure – 0.9%

 

Bluegreen Vacations Corp.(a)

     34,256        369,280  

Del Taco Restaurants, Inc.

     35,786        342,830  

Dine Brands Global, Inc.

     9,856        887,336  

El Pollo Loco Holdings, Inc.*

     26,264        423,376  

Jack in the Box, Inc.

     17,748        1,948,375  

Monarch Casino & Resort, Inc.*

     6,466      391,969  

Nathan’s Famous, Inc.

     4,714        297,406  

RCI Hospitality Holdings, Inc.

     5,595        355,786  

Red Rock Resorts, Inc. Class A

     18,073        588,999  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     5,605,357  
Household Durables – 3.5%

 

Beazer Homes USA, Inc.*

     61,741        1,291,622  

Cavco Industries, Inc.*

     4,937        1,113,837  

Century Communities, Inc.*

     53,583        3,232,127  

Ethan Allen Interiors, Inc.

     12,135        335,047  

GoPro, Inc. Class A*(a)

     28,494        331,670  

Green Brick Partners, Inc.*

     62,807        1,424,463  

Hamilton Beach Brands Holding Co. Class A

     23,420        424,605  

Hooker Furniture Corp.

     8,761        319,426  

Hovnanian Enterprises, Inc. Class A*(a)

     15,180        1,605,133  

La-Z-Boy, Inc.

     31,835        1,352,351  

Legacy Housing Corp.*

     38,482        682,286  

M/I Homes, Inc.*

     65,854        3,889,996  

Purple Innovation, Inc.*

     23,763        752,099  

Skyline Champion Corp.*

     26,816        1,213,692  

Tupperware Brands Corp.*

     53,579        1,415,021  

Turtle Beach Corp.*

     31,231        832,931  

Universal Electronics, Inc.*

     8,852        486,594  

VOXX International Corp.*

     24,591        468,704  
     

 

 

 
Total Household Durables

 

     21,171,604  
Household Products – 0.5%

 

Central Garden and Pet Co. Class A*

     49,752        2,581,631  

Ocean Bio-Chem, Inc.

     15,139        181,971  

Oil-Dri Corp. of America

     10,856        373,881  
     

 

 

 
Total Household Products

 

     3,137,483  
Industrial Conglomerates – 0.1%

 

Raven Industries, Inc.

     12,464        477,745  
Insurance – 1.9%

 

AMERISAFE, Inc.

     18,370        1,175,680  

Crawford & Co. Class A

     9,509        101,271  

Donegal Group, Inc. Class A

     34,364        510,649  

eHealth, Inc.*

     11,829        860,323  

Employers Holdings, Inc.

     29,579        1,273,672  

FBL Financial Group, Inc. Class A

     17,955        1,004,044  

HCI Group, Inc.(a)

     3,406        261,649  

Heritage Insurance Holdings, Inc.

     5,741        63,610  

Horace Mann Educators Corp.

     31,338        1,354,115  

Independence Holding Co.

     4,183        166,692  

Investors Title Co.

     1,116        185,256  

National Western Life Group, Inc. Class A

     5,143        1,280,607  

Palomar Holdings, Inc.*

     5,593        374,955  

ProSight Global, Inc.*

     25,011        315,139  

Safety Insurance Group, Inc.

     17,083        1,439,243  

Stewart Information Services Corp.

     25,182        1,310,219  
     

 

 

 
Total Insurance

 

     11,677,124  
Interactive Media & Services – 0.1%

 

Angi, Inc. Class A*

     22,132        287,716  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  

QuinStreet, Inc.*

     11,303      $ 229,451  
     

 

 

 
Total Interactive Media & Services

 

     517,167  
Internet & Direct Marketing Retail – 0.7%

 

1-800-Flowers.com, Inc. Class A*(a)

     44,525        1,229,335  

Duluth Holdings, Inc. Class B*

     29,321        496,698  

Lands’ End, Inc.*

     15,026        372,795  

PetMed Express, Inc.(a)

     15,503        545,318  

Revolve Group, Inc.*

     30,895        1,388,112  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     4,032,258  
IT Services – 1.3%

 

BM Technologies, Inc.*

     2,955        34,426  

Cass Information Systems, Inc.

     10,089        466,818  

CSG Systems International, Inc.

     28,905        1,297,545  

GreenSky, Inc. Class A*

     32,187        199,238  

Hackett Group, Inc. (The)

     23,999        393,344  

International Money Express, Inc.*

     30,047        451,005  

NIC, Inc.

     36,073        1,223,957  

Perficient, Inc.*

     14,773        867,471  

Switch, Inc. Class A

     36,312        590,433  

Sykes Enterprises, Inc.*

     43,166        1,902,757  

Verra Mobility Corp.*(a)

     39,957        540,818  
     

 

 

 
Total IT Services

 

     7,967,812  
Leisure Products – 1.5%

 

Callaway Golf Co.

     28,478        761,786  

Clarus Corp.

     9,737        166,016  

Escalade, Inc.

     20,866        436,308  

Johnson Outdoors, Inc. Class A

     6,449        920,595  

Malibu Boats, Inc. Class A*

     17,522        1,396,153  

Marine Products Corp.

     19,358        314,955  

MasterCraft Boat Holdings, Inc.*

     17,229        458,119  

Nautilus, Inc.*(a)

     45,287        708,289  

Smith & Wesson Brands, Inc.

     67,283        1,174,088  

Sturm Ruger & Co., Inc.

     15,263        1,008,426  

Vista Outdoor, Inc.*(a)

     59,583        1,910,827  
     

 

 

 
Total Leisure Products

 

     9,255,562  
Life Sciences Tools & Services – 0.1%

 

Luminex Corp.

     15,165        483,763  
Machinery – 3.8%

 

Alamo Group, Inc.

     5,995        936,119  

Astec Industries, Inc.

     5,190        391,430  

Blue Bird Corp.*

     16,417        410,917  

CIRCOR International, Inc.*

     7,128        248,197  

Columbus McKinnon Corp.

     13,419        707,986  

Douglas Dynamics, Inc.

     9,330        430,579  

Energy Recovery, Inc.*

     38,396        704,183  

Enerpac Tool Group Corp.

     12,380        323,366  

Federal Signal Corp.

     43,528        1,667,122  

Gorman-Rupp Co. (The)

     14,283        472,910  

Graham Corp.

     4,698        66,899  

Greenbrier Cos., Inc. (The)

     30,280        1,429,822  

Helios Technologies, Inc.

     13,395        976,094  

Hyster-Yale Materials Handling, Inc.

     8,973        781,728  

Kadant, Inc.

     5,902      1,091,929  

L.B. Foster Co. Class A*

     14,424        258,190  

Lindsay Corp.

     4,553        758,621  

Meritor, Inc.*

     128,909        3,792,503  

Miller Industries, Inc.

     13,400        618,946  

Mueller Industries, Inc.

     51,253        2,119,312  

Mueller Water Products, Inc. Class A

     104,361        1,449,574  

Omega Flex, Inc.

     1,958        309,129  

Shyft Group, Inc. (The)

     29,019        1,079,507  

Standex International Corp.

     8,751        836,333  

Tennant Co.

     11,424        912,663  

TriMas Corp.*

     11,624        352,440  

Wabash National Corp.

     16,935        318,378  
     

 

 

 
Total Machinery

 

     23,444,877  
Media – 3.3%

 

AMC Networks, Inc. Class A*

     70,778        3,762,559  

Entravision Communications Corp. Class A

     72,898        294,508  

EW Scripps Co. (The) Class A

     63,026        1,214,511  

Fluent, Inc.*(a)

     40,458        165,878  

Gray Television, Inc.

     154,896        2,850,086  

John Wiley & Sons, Inc. Class A

     47,542        2,576,776  

Loral Space & Communications, Inc.(a)

     4,613        173,772  

Meredith Corp.

     86,547        2,577,370  

MSG Networks, Inc. Class A*(a)

     92,932        1,397,697  

National CineMedia, Inc.

     157,090        725,756  

Scholastic Corp.

     8,649        260,421  

Sinclair Broadcast Group, Inc. Class A

     66,264        1,938,885  

TechTarget, Inc.*

     6,347        440,799  

Tribune Publishing Co.

     27,382        492,602  

WideOpenWest, Inc.*

     72,433        984,364  
     

 

 

 
Total Media

 

     19,855,984  
Metals & Mining – 0.5%

 

Coeur Mining, Inc.*

     71,345        644,245  

Kaiser Aluminum Corp.

     8,561        945,991  

Materion Corp.

     8,164        540,783  

Schnitzer Steel Industries, Inc. Class A

     8,214        343,263  

SunCoke Energy, Inc.

     51,127        358,400  

Warrior Met Coal, Inc.

     10,873        186,255  
     

 

 

 
Total Metals & Mining

 

     3,018,937  
Multiline Retail – 0.9%

 

Big Lots, Inc.

     79,241        5,412,160  
Oil, Gas & Consumable Fuels – 2.0%

 

Bonanza Creek Energy, Inc.*

     29,102        1,039,815  

Callon Petroleum Co.*

     60,536        2,333,663  

Clean Energy Fuels Corp.*(a)

     89,450        1,229,043  

Falcon Minerals Corp.

     49,225        221,020  

Matador Resources Co.

     52,316        1,226,810  

NACCO Industries, Inc. Class A

     12,782        318,911  

Overseas Shipholding Group, Inc. Class A*

     186,655        384,509  

PDC Energy, Inc.*

     85,775        2,950,660  

World Fuel Services Corp.

     75,341        2,652,003  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     12,356,434  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  
Paper & Forest Products – 0.9%

 

Clearwater Paper Corp.*

     28,493      $ 1,071,907  

Domtar Corp.

     12,377        457,330  

Glatfelter Corp.

     38,605        662,076  

Neenah, Inc.

     13,065        671,280  

Schweitzer-Mauduit International, Inc.

     34,687        1,698,622  

Verso Corp. Class A

     73,828        1,077,150  
     

 

 

 
Total Paper & Forest Products

 

     5,638,365  
Personal Products – 1.0%

 

BellRing Brands, Inc. Class A*

     17,319        408,902  

Edgewell Personal Care Co.

     53,047        2,100,661  

elf Beauty, Inc.*

     14,485        388,632  

Inter Parfums, Inc.

     8,759        621,276  

Lifevantage Corp.*

     28,240        264,044  

USANA Health Sciences, Inc.*

     21,666        2,114,602  
     

 

 

 
Total Personal Products

 

     5,898,117  
Pharmaceuticals – 2.0%

 

Amneal Pharmaceuticals, Inc.*

     242,371        1,631,157  

Amphastar Pharmaceuticals, Inc.*

     17,365        318,127  

BioDelivery Sciences International, Inc.*

     66,397        259,612  

Collegium Pharmaceutical, Inc.*(a)

     18,771        444,873  

Innoviva, Inc.*

     241,957        2,891,386  

Phibro Animal Health Corp. Class A

     36,432        888,941  

Prestige Consumer Healthcare, Inc.*

     63,326        2,791,410  

SIGA Technologies, Inc.*

     83,792        544,648  

Supernus Pharmaceuticals, Inc.*

     82,881        2,169,824  
     

 

 

 
Total Pharmaceuticals

 

     11,939,978  
Professional Services – 1.5%

 

Barrett Business Services, Inc.

     7,835        539,518  

BGSF, Inc.

     7,910        110,740  

CBIZ, Inc.*

     40,842        1,333,900  

CRA International, Inc.

     8,663        646,606  

Forrester Research, Inc.*

     7,025        298,422  

GP Strategies Corp.*

     15,375        268,294  

Heidrick & Struggles International, Inc.

     22,994        821,346  

Huron Consulting Group, Inc.*

     11,224        565,465  

ICF International, Inc.

     12,228        1,068,727  

Kelly Services, Inc. Class A

     19,741        439,632  

Kforce, Inc.

     20,250        1,085,400  

ManTech International Corp. Class A

     20,435        1,776,823  

Resources Connection, Inc.

     36,455        493,601  
     

 

 

 
Total Professional Services

 

     9,448,474  
Real Estate Management & Development – 1.0%

 

Forestar Group, Inc.*

     32,820        764,050  

FRP Holdings, Inc.*

     3,364        165,576  

Marcus & Millichap, Inc.*

     17,188        579,236  

Newmark Group, Inc. Class A

     54,807        548,344  

RE/MAX Holdings, Inc. Class A

     9,379        369,439  

Realogy Holdings Corp.*(a)

     165,833        2,509,053  

RMR Group, Inc. (The) Class A

     11,621        474,253  

St. Joe Co. (The)

     13,536        580,694  

Tejon Ranch Co.*

     18,099        302,977  
     

 

 

 
Total Real Estate Management & Development

 

     6,293,622  
Road & Rail – 1.2%

 

ArcBest Corp.

     17,499      1,231,405  

Daseke, Inc.*

     32,729        277,869  

Heartland Express, Inc.

     44,224        865,906  

Marten Transport Ltd.

     46,536        789,716  

Schneider National, Inc. Class B

     133,341        3,329,525  

Universal Logistics Holdings, Inc.

     33,688        886,331  

US Xpress Enterprises, Inc. Class A*(a)

     18,850        221,487  
     

 

 

 
Total Road & Rail

 

     7,602,239  
Semiconductors & Semiconductor Equipment – 0.7%

 

ACM Research, Inc. Class A*(a)

     5,341        431,499  

Axcelis Technologies, Inc.*

     24,411        1,003,048  

Ceva, Inc.*

     5,556        311,970  

CyberOptics Corp.*

     6,133        159,274  

NeoPhotonics Corp.*

     28,161        336,524  

NVE Corp.

     5,662        396,906  

Photronics, Inc.*

     57,688        741,868  

Ultra Clean Holdings, Inc.*

     17,334        1,006,065  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     4,387,154  
Software – 1.0%

 

A10 Networks, Inc.*

     33,790        324,722  

American Software, Inc. Class A

     12,696        262,807  

Bottomline Technologies DE, Inc.*

     11,109        502,682  

ChannelAdvisor Corp.*

     20,957        493,537  

Ebix, Inc.(a)

     37,092        1,188,057  

eGain Corp.*(a)

     17,938        170,232  

InterDigital, Inc.

     8,644        548,462  

Mitek Systems, Inc.*(a)

     14,804        215,842  

OneSpan, Inc.*

     10,565        258,843  

Progress Software Corp.

     27,853        1,227,203  

QAD, Inc. Class A

     6,066        403,874  

Rimini Street, Inc.*(a)

     47,528        426,326  

ShotSpotter, Inc.*(a)

     4,406        154,519  

Smith Micro Software, Inc.*

     34,780        191,464  
     

 

 

 
Total Software

 

     6,368,570  
Specialty Retail – 6.7%

 

America’s Car-Mart, Inc.*

     7,244        1,103,768  

At Home Group, Inc.*(a)

     72,315        2,075,440  

Big 5 Sporting Goods Corp.(a)

     57,911        909,203  

Boot Barn Holdings, Inc.*

     14,511        904,180  

Buckle, Inc. (The)

     41,209        1,618,689  

Camping World Holdings, Inc. Class A(a)

     55,726        2,027,312  

Citi Trends, Inc.

     5,086        426,105  

Container Store Group, Inc. (The)*

     35,964        598,441  

GrowGeneration Corp.*(a)

     13,607        676,132  

Haverty Furniture Cos., Inc.

     11,695        434,937  

Hibbett Sports, Inc.*

     18,443        1,270,538  

Lazydays Holdings, Inc.*(a)

     6,799        121,090  

Lumber Liquidators Holdings, Inc.*

     26,389        662,892  

MarineMax, Inc.*

     25,733        1,270,181  

Michaels Cos., Inc. (The)*

     208,974        4,584,889  

Monro, Inc.

     11,866        780,783  

ODP Corp. (The)

     113,045        4,893,718  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  

OneWater Marine, Inc. Class A*

     11,673      $ 466,453  

Rent-A-Center, Inc.

     71,057        4,097,147  

Sally Beauty Holdings, Inc.*

     155,177        3,123,713  

Shoe Carnival, Inc.

     8,503        526,166  

Sleep Number Corp.*

     17,428        2,500,744  

Sonic Automotive, Inc. Class A

     52,938        2,624,137  

Sportsman’s Warehouse Holdings, Inc.*

     65,220        1,124,393  

Tilly’s, Inc. Class A*

     44,046        498,601  

Winmark Corp.

     2,717        506,530  

Zumiez, Inc.*

     24,538        1,052,680  
     

 

 

 
Total Specialty Retail

 

     40,878,862  
Technology Hardware, Storage & Peripherals – 0.4%

 

Avid Technology, Inc.*

     26,737        564,418  

Intevac, Inc.*(a)

     31,122        222,522  

Super Micro Computer, Inc.*

     40,879        1,596,734  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     2,383,674  
Textiles, Apparel & Luxury Goods – 0.9%

 

Culp, Inc.

     8,275        127,352  

G-III Apparel Group Ltd.*

     58,314        1,757,584  

Lakeland Industries, Inc.*

     14,777        411,687  

Levi Strauss & Co. Class A

     56,371        1,347,831  

Movado Group, Inc.

     5,362        152,549  

Rocky Brands, Inc.

     10,853        586,713  

Superior Group of Cos., Inc.

     23,485        596,989  

Vera Bradley, Inc.*

     36,675        370,417  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     5,351,122  
Thrifts & Mortgage Finance – 4.8%

 

Axos Financial, Inc.*

     69,264        3,256,101  

Bridgewater Bancshares, Inc.*

     12,322        199,000  

Capitol Federal Financial, Inc.

     37,393        495,270  

Columbia Financial, Inc.*

     42,678        746,011  

Federal Agricultural Mortgage Corp. Class C

     12,212        1,229,993  

Flagstar Bancorp, Inc.

     118,151        5,328,610  

FS Bancorp, Inc.

     5,045        339,024  

Hingham Institution For Savings (The)

     1,782        505,660  

Home Bancorp, Inc.

     156        5,624  

HomeStreet, Inc.

     20,205        890,434  

Kearny Financial Corp.

     45,491        549,531  

Luther Burbank Corp.

     24,556        290,497  

Merchants Bancorp

     54,287        2,276,797  

Meridian Bancorp, Inc.

     44,259        815,251  

Meta Financial Group, Inc.

     29,484        1,335,920  

NMI Holdings, Inc. Class A*

     88,909        2,101,809  

Northfield Bancorp, Inc.

     9,468        150,731  

Northwest Bancshares, Inc.

     52,771        762,541  

Ocwen Financial Corp.*

     11,951        339,767  

PCSB Financial Corp.

     90        1,495  

Premier Financial Corp.

     19,831        659,579  

Provident Bancorp, Inc.

     8,982        129,341  

Provident Financial Services, Inc.

     45,084        1,004,471  

Southern Missouri Bancorp, Inc.

     7,038        277,438  

Territorial Bancorp, Inc.

     189        5,001  

Timberland Bancorp, Inc.

     5,385      149,757  

TrustCo Bank Corp.

     53,998        397,965  

Washington Federal, Inc.

     92,817        2,858,764  

Waterstone Financial, Inc.

     38,780        791,888  

WSFS Financial Corp.(a)

     21,937        1,092,243  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     28,986,513  
Tobacco – 0.5%

 

Turning Point Brands, Inc.

     5,348        279,005  

Universal Corp.

     17,821        1,051,261  

Vector Group Ltd.

     134,280        1,873,206  
     

 

 

 
Total Tobacco

 

     3,203,472  
Trading Companies & Distributors – 2.6%

 

BlueLinx Holdings, Inc.*

     21,808        854,656  

Boise Cascade Co.

     55,871        3,342,762  

CAI International, Inc.

     22,395        1,019,420  

DXP Enterprises, Inc.*

     10,314        311,173  

GMS, Inc.*

     41,410        1,728,868  

H&E Equipment Services, Inc.

     25,658        975,004  

Herc Holdings, Inc.*

     16,910        1,713,490  

Lawson Products, Inc.*

     5,902        306,078  

McGrath RentCorp

     19,806        1,597,354  

Rush Enterprises, Inc. Class A

     33,604        1,674,487  

Systemax, Inc.

     25,133        1,033,469  

Titan Machinery, Inc.*

     18,566        473,433  

Transcat, Inc.*(a)

     5,751        282,259  

Veritiv Corp.*

     10,617        451,647  
     

 

 

 
Total Trading Companies & Distributors

 

     15,764,100  
Water Utilities – 0.4%

 

Artesian Resources Corp. Class A

     9,256        364,501  

Global Water Resources, Inc.

     11,785        192,213  

Middlesex Water Co.

     5,241        414,144  

Pure Cycle Corp.*

     23,647        317,343  

SJW Group

     9,530        600,295  

York Water Co. (The)

     6,438        315,269  
     

 

 

 
Total Water Utilities

 

     2,203,765  
Wireless Telecommunication Services – 1.1%

 

Telephone & Data Systems, Inc.

     130,344        2,992,698  

United States Cellular Corp.*(a)

     97,624        3,561,324  
     

 

 

 
Total Wireless Telecommunication Services

 

     6,554,022  

TOTAL COMMON STOCKS

(Cost: $495,220,387)

 

 

     607,322,120  
WARRANTS – 0.0%      
United States – 0.0%      
FTS International, Inc. expiring 11/19/23*(a)
(Cost: $0)
     14,553        0  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
WisdomTree U.S. MidCap Fund(a)(b)
(Cost: $1,017,831)
     22,924        1,167,519  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2021

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1%

 

United States – 1.1%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(c)

  
(Cost: $6,996,113)      6,996,113      $ 6,996,113  

TOTAL INVESTMENTS IN SECURITIES – 101.0%

(Cost: $503,234,331)

 

 

     615,485,752  

Other Assets less Liabilities – (1.0)%

 

     (6,158,556
     

 

 

 
NET ASSETS – 100.0%

 

   $ 609,327,196  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $22,872,745 and the total market value of the collateral held by the Fund was $23,116,878. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $16,120,765.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree U.S. MidCap Fund

  $ 165,336     $ 4,033,628     $ 3,465,871     $ 218,684     $ 215,742     $ 1,167,519     $ 24,127  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 607,322,120      $      $      $ 607,322,120  

Warrants

            0               0  

Exchange-Traded Fund

     1,167,519                      1,167,519  

Investment of Cash Collateral for Securities Loaned

            6,996,113               6,996,113  

Total Investments in Securities

   $ 608,489,639      $ 6,996,113      $      $ 615,485,752  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Schedule of Investments

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

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 98.9%      
Aerospace & Defense – 1.1%      

Kaman Corp.

     12,610      $ 646,767  

Moog, Inc. Class A

     11,518        957,722  

National Presto Industries, Inc.

     2,503        255,481  

Park Aerospace Corp.

     19,176        253,507  
     

 

 

 
Total Aerospace & Defense

 

     2,113,477  
Air Freight & Logistics – 0.5%

 

Forward Air Corp.

     10,064        893,784  
Auto Components – 1.1%

 

Patrick Industries, Inc.

     14,944        1,270,240  

Standard Motor Products, Inc.

     17,039        708,482  
     

 

 

 
Total Auto Components

 

     1,978,722  
Automobiles – 0.4%

 

Winnebago Industries, Inc.

     10,766        825,860  
Banks – 15.8%

 

Altabancorp

     8,405        353,346  

Arrow Financial Corp.

     9,855        328,270  

BancFirst Corp.

     17,046        1,204,982  

BancorpSouth Bank

     64,026        2,079,564  

Bank7 Corp.

     4,164        73,328  

BankUnited, Inc.

     59,065        2,595,907  

Berkshire Hills Bancorp, Inc.

     29,452        657,369  

Capital City Bank Group, Inc.

     8,073        210,059  

Cathay General Bancorp

     73,336        2,990,642  

City Holding Co.

     11,455        936,790  

Eagle Bancorp, Inc.

     15,726        836,780  

Enterprise Financial Services Corp.

     14,270        705,509  

Farmers National Banc Corp.

     19,053        318,185  

FB Financial Corp.

     11,202        498,041  

Financial Institutions, Inc.

     16,627        503,632  

First Interstate BancSystem, Inc. Class A

     34,752        1,599,982  

First Savings Financial Group, Inc.

     525        35,249  

German American Bancorp, Inc.

     13,925        643,614  

Great Southern Bancorp, Inc.

     8,745        495,579  

Heartland Financial USA, Inc.

     15,618        784,961  

Independent Bank Corp.

     39,786        2,045,579  

Independent Bank Group, Inc.

     19,187        1,386,069  

Lakeland Financial Corp.

     13,512        934,895  

Live Oak Bancshares, Inc.

     2,487        170,335  

Macatawa Bank Corp.

     27,073        269,376  

Northeast Bank

     321        8,471  

Old Second Bancorp, Inc.

     2,448        32,338  

Park National Corp.

     14,384        1,859,851  

Parke Bancorp, Inc.

     7,762        155,162  

Plumas Bancorp

     2,114        61,835  

Preferred Bank

     8,963        570,764  

QCR Holdings, Inc.

     2,190        103,412  

RBB Bancorp

     10,089        204,504  

ServisFirst Bancshares, Inc.

     20,925        1,283,330  

Stock Yards Bancorp, Inc.

     13,324        680,323  

TriCo Bancshares

     17,180        813,817  

Unity Bancorp, Inc.

     4,132      90,904  

Washington Trust Bancorp, Inc.

     17,607        909,049  

West Bancorp, Inc.

     12,000        289,080  
     

 

 

 
Total Banks

 

     29,720,883  
Beverages – 0.2%

 

MGP Ingredients, Inc.

     6,919        409,259  
Building Products – 1.1%

 

Apogee Enterprises, Inc.

     22,337        913,136  

CSW Industrials, Inc.

     2,352        317,520  

Griffon Corp.

     29,758        808,525  

Insteel Industries, Inc.

     3,112        95,974  
     

 

 

 
Total Building Products

 

     2,135,155  
Capital Markets – 3.3%

 

B. Riley Financial, Inc.

     23,683        1,335,248  

BGC Partners, Inc. Class A

     65,668        317,176  

Brightsphere Investment Group, Inc.

     3,716        75,732  

Federated Hermes, Inc. Class B

     77,424        2,423,371  

Hamilton Lane, Inc. Class A

     13,327        1,180,239  

Silvercrest Asset Management Group, Inc. Class A

     8,875        127,623  

Victory Capital Holdings, Inc. Class A

     4,411        112,745  

Virtus Investment Partners, Inc.

     2,700        635,850  
     

 

 

 
Total Capital Markets

 

     6,207,984  
Chemicals – 2.9%

 

Chase Corp.

     2,597        302,265  

FutureFuel Corp.

     33,918        492,829  

H.B. Fuller Co.

     25,373        1,596,215  

Innospec, Inc.

     11,708        1,202,294  

Minerals Technologies, Inc.

     4,306        324,328  

Stepan Co.

     9,073        1,153,269  

Tredegar Corp.

     27,373        410,869  
     

 

 

 
Total Chemicals

 

     5,482,069  
Commercial Services & Supplies – 7.4%

 

ABM Industries, Inc.

     39,737        2,026,984  

ACCO Brands Corp.

     93,383        788,153  

Acme United Corp.

     1,771        69,848  

Brady Corp. Class A

     28,848        1,541,926  

Deluxe Corp.

     59,503        2,496,746  

Ennis, Inc.

     43,265        923,708  

Healthcare Services Group, Inc.

     80,468        2,255,518  

HNI Corp.

     45,500        1,799,980  

Kimball International, Inc. Class B

     36,215        507,010  

Steelcase, Inc. Class A

     91,358        1,314,642  

VSE Corp.

     3,433        135,603  
     

 

 

 
Total Commercial Services & Supplies

 

     13,860,118  
Construction & Engineering – 0.8%

 

Arcosa, Inc.

     5,730        372,966  

Comfort Systems USA, Inc.

     10,120        756,672  

Primoris Services Corp.

     13,711        454,246  
     

 

 

 
Total Construction & Engineering

 

     1,583,884  
Construction Materials – 0.1%

 

United States Lime & Minerals, Inc.

     1,250        167,137  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Schedule of Investments (continued)

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

March 31, 2021

 

 

 

Investments    Shares      Value  
Consumer Finance – 0.6%

 

FirstCash, Inc.

     14,060      $ 923,320  

Regional Management Corp.

     7,344        254,543  
     

 

 

 
Total Consumer Finance

 

     1,177,863  
Containers & Packaging – 1.8%

 

Greif, Inc. Class A

     60,082        3,424,674  
Distributors – 0.1%

 

Educational Development Corp.

     8,083        137,815  
Diversified Consumer Services – 2.0%

 

Carriage Services, Inc.

     9,436        332,053  

Graham Holdings Co. Class B

     2,018        1,135,004  

Strategic Education, Inc.

     24,167        2,221,189  
     

 

 

 
Total Diversified Consumer Services

 

     3,688,246  
Electric Utilities – 2.3%

 

MGE Energy, Inc.

     29,481        2,104,648  

Otter Tail Corp.

     49,175        2,270,410  
     

 

 

 
Total Electric Utilities

 

     4,375,058  
Electrical Equipment – 0.5%

 

Allied Motion Technologies, Inc.

     819        42,039  

AZZ, Inc.

     12,188        613,666  

Encore Wire Corp.

     914        61,357  

Preformed Line Products Co.

     1,910        131,312  
     

 

 

 
Total Electrical Equipment

 

     848,374  
Electronic Equipment, Instruments & Components – 2.4%

 

Badger Meter, Inc.

     9,245        860,432  

CTS Corp.

     6,111        189,808  

Methode Electronics, Inc.

     17,167        720,671  

PC Connection, Inc.

     7,257        336,652  

Vishay Intertechnology, Inc.

     102,227        2,461,626  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     4,569,189  
Entertainment – 0.6%

 

World Wrestling Entertainment, Inc. Class A

     19,818        1,075,325  
Food & Staples Retailing – 0.8%

 

Ingles Markets, Inc. Class A

     8,929        550,473  

PriceSmart, Inc.

     9,554        924,349  
     

 

 

 
Total Food & Staples Retailing

 

     1,474,822  
Food Products – 2.7%

 

B&G Foods, Inc.

     135,974        4,223,352  

John B. Sanfilippo & Son, Inc.

     2,904        262,435  

Tootsie Roll Industries, Inc.

     18,398        609,522  
     

 

 

 
Total Food Products

 

     5,095,309  
Gas Utilities – 0.8%

 

Chesapeake Utilities Corp.

     11,398        1,323,080  

RGC Resources, Inc.

     4,123        91,448  
     

 

 

 
Total Gas Utilities

 

     1,414,528  
Health Care Equipment & Supplies – 0.4%

 

Atrion Corp.

     802        514,330  

Utah Medical Products, Inc.

     1,763        152,676  
     

 

 

 
Total Health Care Equipment & Supplies

 

     667,006  
Health Care Providers & Services – 0.5%

 

National HealthCare Corp.

     12,991      1,012,129  
Health Care Technology – 0.1%

 

Simulations Plus, Inc.(a)

     3,245        205,214  
Hotels, Restaurants & Leisure – 0.1%

 

RCI Hospitality Holdings, Inc.

     1,931        122,792  
Household Durables – 0.8%

 

Hamilton Beach Brands Holding Co. Class A

     8,165        148,031  

Hooker Furniture Corp.

     8,843        322,416  

La-Z-Boy, Inc.

     26,010        1,104,905  
     

 

 

 
Total Household Durables

 

     1,575,352  
Household Products – 0.1%

 

Ocean Bio-Chem, Inc.

     2,117        25,447  

Oil-Dri Corp. of America

     5,596        192,726  
     

 

 

 
Total Household Products

 

     218,173  
Insurance – 2.6%

 

American Equity Investment Life Holding Co.

     24,248        764,539  

AMERISAFE, Inc.

     8,169        522,816  

Crawford & Co. Class A

     13,990        148,994  

Employers Holdings, Inc.

     20,012        861,717  

FBL Financial Group, Inc. Class A

     20,663        1,155,475  

Investors Title Co.

     510        84,660  

Safety Insurance Group, Inc.

     15,478        1,304,021  
     

 

 

 
Total Insurance

 

     4,842,222  
Internet & Direct Marketing Retail – 1.2%

 

PetMed Express, Inc.(a)

     29,737        1,045,999  

Shutterstock, Inc.

     14,261        1,269,799  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     2,315,798  
IT Services – 1.7%

 

Cass Information Systems, Inc.

     14,154        654,906  

CSG Systems International, Inc.

     28,076        1,260,332  

NIC, Inc.

     38,737        1,314,346  
     

 

 

 
Total IT Services

 

     3,229,584  
Leisure Products – 1.5%

 

Escalade, Inc.

     15,699        328,266  

Johnson Outdoors, Inc. Class A

     3,024        431,676  

Marine Products Corp.

     25,776        419,376  

Sturm Ruger & Co., Inc.

     24,358        1,609,333  
     

 

 

 
Total Leisure Products

 

     2,788,651  
Machinery – 7.2%

 

Alamo Group, Inc.

     1,490        232,663  

Albany International Corp. Class A

     10,615        886,034  

Barnes Group, Inc.

     21,206        1,050,545  

Columbus McKinnon Corp.

     4,568        241,008  

Eastern Co. (The)

     2,632        70,538  

EnPro Industries, Inc.

     9,414        802,732  

ESCO Technologies, Inc.

     2,604        283,549  

Federal Signal Corp.

     18,900        723,870  

Gorman-Rupp Co. (The)

     14,747        488,273  

Helios Technologies, Inc.

     7,080        515,920  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Schedule of Investments (continued)

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

March 31, 2021

 

 

 

Investments    Shares      Value  

Kadant, Inc.

     2,645      $ 489,351  

Miller Industries, Inc.

     7,411        342,314  

Mueller Industries, Inc.

     21,999        909,659  

Mueller Water Products, Inc. Class A

     94,218        1,308,688  

Omega Flex, Inc.

     2,216        349,862  

Shyft Group, Inc. (The)

     4,048        150,586  

Standex International Corp.

     4,878        466,190  

Tennant Co.

     7,874        629,054  

Trinity Industries, Inc.

     108,662        3,095,780  

Wabash National Corp.

     30,077        565,448  
     

 

 

 
Total Machinery

 

     13,602,064  
Marine – 0.8%

 

Matson, Inc.

     22,095        1,473,736  
Media – 1.8%

 

Entravision Communications Corp. Class A

     63,010        254,560  

John Wiley & Sons, Inc. Class A

     57,800        3,132,760  
     

 

 

 
Total Media

 

     3,387,320  
Multi-Utilities – 2.6%

 

Avista Corp.

     102,568        4,897,622  
Multiline Retail – 1.5%

 

Big Lots, Inc.

     40,880        2,792,104  
Oil, Gas & Consumable Fuels – 0.1%

 

NACCO Industries, Inc. Class A

     4,647        115,943  
Paper & Forest Products – 2.1%

 

Neenah, Inc.

     22,425        1,152,196  

Schweitzer-Mauduit International, Inc.

     55,569        2,721,214  
     

 

 

 
Total Paper & Forest Products

 

     3,873,410  
Personal Products – 2.9%

 

Medifast, Inc.

     11,270        2,387,211  

Nu Skin Enterprises, Inc. Class A

     57,894        3,062,014  
     

 

 

 
Total Personal Products

 

     5,449,225  
Professional Services – 2.9%

 

Barrett Business Services, Inc.

     4,214        290,176  

BGSF, Inc.

     9,829        137,606  

CRA International, Inc.

     5,026        375,141  

Heidrick & Struggles International, Inc.

     13,423        479,469  

ICF International, Inc.

     4,435        387,619  

Kforce, Inc.

     13,036        698,729  

Korn Ferry

     17,089        1,065,841  

ManTech International Corp. Class A

     16,722        1,453,978  

Resources Connection, Inc.

     45,407        614,811  
     

 

 

 
Total Professional Services

 

     5,503,370  
Real Estate Management & Development – 0.2%

 

Newmark Group, Inc. Class A

     34,318        343,352  
Road & Rail – 1.3%

 

ArcBest Corp.

     5,861        412,438  

Heartland Express, Inc.

     11,103        217,397  

Marten Transport Ltd.

     24,144        409,724  

Schneider National, Inc. Class B

     37,854        945,214  

Universal Logistics Holdings, Inc.

     17,139        450,927  
     

 

 

 
Total Road & Rail

 

     2,435,700  
Software – 1.8%

 

Ebix, Inc.(a)

     9,973      319,435  

InterDigital, Inc.

     27,685        1,756,613  

Progress Software Corp.

     29,456        1,297,832  
     

 

 

 
Total Software

 

     3,373,880  
Specialty Retail – 6.0%

 

Buckle, Inc. (The)

     71,509        2,808,873  

Group 1 Automotive, Inc.

     7,028        1,108,948  

Haverty Furniture Cos., Inc.

     21,982        817,511  

Monro, Inc.

     23,872        1,570,778  

Rent-A-Center, Inc.

     71,954        4,148,868  

Shoe Carnival, Inc.

     5,441        336,689  

Sonic Automotive, Inc. Class A

     11,292        559,744  
     

 

 

 
Total Specialty Retail

 

     11,351,411  
Textiles, Apparel & Luxury Goods – 1.2%

 

Rocky Brands, Inc.

     5,436        293,870  

Superior Group of Cos., Inc.

     11,059        281,120  

Wolverine World Wide, Inc.

     41,934        1,606,911  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     2,181,901  
Thrifts & Mortgage Finance – 2.6%

 

Federal Agricultural Mortgage Corp. Class C

     8,610        867,199  

FS Bancorp, Inc.

     1,529        102,749  

Hingham Institution For Savings (The)

     438        124,287  

Merchants Bancorp

     7,578        317,821  

Meta Financial Group, Inc.

     4,326        196,011  

OP Bancorp

     8,687        91,387  

Premier Financial Corp.

     32,428        1,078,555  

Southern Missouri Bancorp, Inc.

     4,057        159,927  

Timberland Bancorp, Inc.

     4,945        137,521  

Walker & Dunlop, Inc.

     11,962        1,228,976  

WSFS Financial Corp.

     12,828        638,706  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     4,943,139  
Tobacco – 0.1%

 

Turning Point Brands, Inc.

     3,399        177,326  
Trading Companies & Distributors – 2.8%

 

Boise Cascade Co.

     13,387        800,944  

CAI International, Inc.

     17,428        793,323  

McGrath RentCorp

     20,869        1,683,085  

Rush Enterprises, Inc. Class A

     23,440        1,168,015  

Systemax, Inc.

     18,531        761,995  
     

 

 

 
Total Trading Companies & Distributors

 

     5,207,362  
Water Utilities – 2.3%

 

California Water Service Group

     31,617        1,781,302  

Middlesex Water Co.

     9,936        785,143  

SJW Group

     20,601        1,297,657  

York Water Co. (The)

     7,726        378,342  
     

 

 

 
Total Water Utilities

 

     4,242,444  
Wireless Telecommunication Services – 0.4%

 

Shenandoah Telecommunications Co.

     14,752        720,045  
Total United States

 

     185,707,810  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Schedule of Investments (concluded)

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

March 31, 2021

 

 

 

Investments    Shares      Value  
Puerto Rico – 1.0%

 

Banks – 0.7%

 

First Bancorp

     111,782      $ 1,258,665  
IT Services – 0.3%

 

EVERTEC, Inc.

     13,901        517,395  
Total Puerto Rico

 

     1,776,060  

TOTAL COMMON STOCKS

(Cost: $155,461,386)

 

 

     187,483,870  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%

 

United States – 0.5%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(b)

  
(Cost: $961,056)      961,056        961,056  

TOTAL INVESTMENTS IN SECURITIES – 100.4%

(Cost: $156,422,442)

 

 

     188,444,926  

Other Assets less Liabilities – (0.4)%

 

     (712,338
     

 

 

 
NET ASSETS – 100.0%

 

   $ 187,732,588  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,400,112 and the total market value of the collateral held by the Fund was $1,421,184. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $460,128.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted
Prices
in Active

Markets
(Level 1)

     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 187,483,870      $      $      $ 187,483,870  

Investment of Cash Collateral for Securities Loaned

            961,056               961,056  

Total Investments in Securities

   $ 187,483,870      $ 961,056      $      $ 188,444,926  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Schedule of Investments

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
United States – 99.8%

 

Aerospace & Defense – 1.1%

 

BWX Technologies, Inc.

     3,348      $ 220,767  

General Dynamics Corp.

     12,481        2,266,050  

Huntington Ingalls Industries, Inc.

     1,828        376,294  

L3Harris Technologies, Inc.

     5,824        1,180,408  

Lockheed Martin Corp.

     11,820        4,367,490  

Northrop Grumman Corp.

     4,896        1,584,542  
     

 

 

 
Total Aerospace & Defense

 

     9,995,551  
Air Freight & Logistics – 1.0%

 

C.H. Robinson Worldwide, Inc.

     4,801        458,159  

Expeditors International of Washington, Inc.

     4,805        517,451  

FedEx Corp.

     3,505        995,560  

United Parcel Service, Inc. Class B

     38,249        6,501,948  
     

 

 

 
Total Air Freight & Logistics

 

     8,473,118  
Auto Components – 0.1%

 

BorgWarner, Inc.

     7,290        337,964  

Gentex Corp.

     8,993        320,780  

LCI Industries

     1,593        210,722  

Lear Corp.

     818        148,263  
     

 

 

 
Total Auto Components

 

     1,017,729  
Automobiles – 0.0%

 

Thor Industries, Inc.

     1,838        247,652  
Banks – 7.8%

 

Associated Banc-Corp.

     12,525        267,283  

Atlantic Union Bankshares Corp.

     4,843        185,777  

BancorpSouth Bank

     5,745        186,598  

Bank of America Corp.

     321,482        12,438,139  

Bank of Hawaii Corp.

     2,524        225,873  

Bank OZK

     8,157        333,213  

BankUnited, Inc.

     5,224        229,595  

Banner Corp.

     2,774        147,937  

BOK Financial Corp.

     3,656        326,554  

Cathay General Bancorp

     6,219        253,611  

Citigroup, Inc.

     108,877        7,920,802  

City Holding Co.

     4,300        351,654  

Columbia Banking System, Inc.

     4,617        198,947  

Commerce Bancshares, Inc.

     3,456        264,764  

Community Bank System, Inc.

     2,675        205,226  

Cullen/Frost Bankers, Inc.

     3,529        383,814  

CVB Financial Corp.

     9,382        207,248  

East West Bancorp, Inc.

     5,827        430,033  

Fifth Third Bancorp

     43,418        1,626,004  

First Commonwealth Financial Corp.

     9,807        140,927  

First Financial Bancorp

     10,090        242,160  

First Financial Bankshares, Inc.

     4,281        200,051  

First Hawaiian, Inc.

     10,524        288,042  

First Horizon Corp.

     40,901        691,636  

First Interstate BancSystem, Inc. Class A

     3,275        150,781  

First Merchants Corp.

     3,433        159,634  

First Republic Bank

     1,899        316,658  

Flushing Financial Corp.

     5,129        108,889  

Fulton Financial Corp.

     12,402      211,206  

Glacier Bancorp, Inc.

     4,789        273,356  

Hilltop Holdings, Inc.

     4,391        149,865  

Home BancShares, Inc.

     9,142        247,291  

Hope Bancorp, Inc.

     13,391        201,668  

Independent Bank Corp.

     1,780        149,858  

International Bancshares Corp.

     4,035        187,305  

Investors Bancorp, Inc.

     21,023        308,828  

JPMorgan Chase & Co.

     134,338        20,450,274  

M&T Bank Corp.

     6,965        1,055,964  

Old National Bancorp

     10,787        208,621  

Pacific Premier Bancorp, Inc.

     6,591        286,313  

Park National Corp.

     1,341        173,391  

People’s United Financial, Inc.

     37,632        673,613  

Popular, Inc.

     4,645        326,636  

Prosperity Bancshares, Inc.

     4,677        350,261  

Regions Financial Corp.

     58,037        1,199,044  

Sandy Spring Bancorp, Inc.

     5,262        228,529  

ServisFirst Bancshares, Inc.

     3,098        190,000  

Signature Bank

     1,808        408,789  

Simmons First National Corp. Class A

     7,054        209,292  

Sterling Bancorp

     7,065        162,636  

Synovus Financial Corp.

     10,117        462,853  

Truist Financial Corp.

     76,452        4,458,681  

Trustmark Corp.

     4,794        161,366  

U.S. Bancorp

     84,526        4,675,133  

UMB Financial Corp.

     1,915        176,812  

Umpqua Holdings Corp.

     21,370        375,043  

United Bankshares, Inc.

     9,972        384,720  

United Community Banks, Inc.

     5,004        170,736  

Valley National Bancorp

     31,340        430,612  

Webster Financial Corp.

     6,313        347,909  

WesBanco, Inc.

     5,520        199,051  

Westamerica BanCorp

     2,536        159,210  

Western Alliance Bancorp

     3,413        322,324  

Wintrust Financial Corp.

     2,285        173,203  
     

 

 

 
Total Banks

 

     68,632,243  
Beverages – 2.9%

 

Brown-Forman Corp. Class A

     3,943        251,051  

Brown-Forman Corp. Class B

     6,796        468,720  

Coca-Cola Co. (The)

     195,514        10,305,543  

Constellation Brands, Inc. Class A

     3,739        852,492  

Keurig Dr. Pepper, Inc.

     39,554        1,359,471  

PepsiCo, Inc.

     86,061        12,173,328  
     

 

 

 
Total Beverages

 

     25,410,605  
Biotechnology – 2.9%

 

AbbVie, Inc.

     126,000        13,635,720  

Amgen, Inc.

     23,848        5,933,621  

Gilead Sciences, Inc.

     83,529        5,398,479  
     

 

 

 
Total Biotechnology

 

     24,967,820  
Building Products – 0.3%

 

A.O. Smith Corp.

     6,300        425,943  

Carrier Global Corp.

     8,922        376,687  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2021

 

 

 

Investments    Shares      Value  

Fortune Brands Home & Security, Inc.

     2,870      $ 275,003  

Lennox International, Inc.

     1,068        332,778  

Masco Corp.

     4,920        294,708  

Owens Corning

     2,558        235,566  

Simpson Manufacturing Co., Inc.

     1,427        148,023  

UFP Industries, Inc.

     2,016        152,894  
     

 

 

 
Total Building Products

 

     2,241,602  
Capital Markets – 4.3%

 

Ameriprise Financial, Inc.

     3,997        929,103  

Ares Management Corp. Class A

     11,457        641,936  

Artisan Partners Asset Management, Inc. Class A

     10,007        522,065  

B. Riley Financial, Inc.

     3,514        198,119  

Bank of New York Mellon Corp. (The)

     38,080        1,800,803  

BlackRock, Inc.

     6,801        5,127,682  

Blackstone Group, Inc. (The) Class A

     33,370        2,487,066  

CBOE Global Markets, Inc.

     3,403        335,842  

Charles Schwab Corp. (The)

     36,462        2,376,593  

CME Group, Inc.

     10,099        2,062,519  

Cohen & Steers, Inc.

     1,948        127,263  

Evercore, Inc. Class A

     2,692        354,644  

FactSet Research Systems, Inc.

     616        190,091  

Federated Hermes, Inc. Class B

     6,670        208,771  

Franklin Resources, Inc.

     35,495        1,050,652  

GCM Grosvenor, Inc. Class A

     27,986        333,033  

Goldman Sachs Group, Inc. (The)

     10,373        3,391,971  

Hamilton Lane, Inc. Class A

     1,889        167,290  

Houlihan Lokey, Inc.

     2,756        183,302  

Intercontinental Exchange, Inc.

     9,466        1,057,163  

KKR & Co., Inc. Class A

     12,523        611,748  

LPL Financial Holdings, Inc.

     1,611        229,020  

MarketAxess Holdings, Inc.

     313        155,849  

Moelis & Co. Class A

     5,312        291,523  

Moody’s Corp.

     3,507        1,047,225  

Morgan Stanley

     57,666        4,478,342  

MSCI, Inc.

     1,000        419,280  

Nasdaq, Inc.

     5,890        868,539  

Northern Trust Corp.

     9,589        1,007,900  

Raymond James Financial, Inc.

     3,675        450,408  

S&P Global, Inc.

     4,067        1,435,122  

SEI Investments Co.

     3,372        205,456  

Stifel Financial Corp.

     2,901        185,838  

T. Rowe Price Group, Inc.

     11,753        2,016,815  

Virtu Financial, Inc. Class A

     9,099        282,524  
     

 

 

 
Total Capital Markets

 

     37,231,497  
Chemicals – 1.9%

 

Air Products & Chemicals, Inc.

     6,271        1,764,283  

Albemarle Corp.

     1,975        288,567  

Ashland Global Holdings, Inc.

     1,858        164,935  

Avient Corp.

     4,000        189,080  

Cabot Corp.

     3,771        197,751  

Celanese Corp.

     3,305        495,122  

CF Industries Holdings, Inc.

     10,938        496,366  

Chemours Co. (The)

     10,689        298,330  

Corteva, Inc.

     12,993      605,734  

Dow, Inc.

     55,081        3,521,879  

DuPont de Nemours, Inc.

     18,404        1,422,261  

Eastman Chemical Co.

     5,537        609,735  

Ecolab, Inc.

     3,733        799,123  

Element Solutions, Inc.

     9,943        181,858  

FMC Corp.

     3,176        351,297  

H.B. Fuller Co.

     2,179        137,081  

Huntsman Corp.

     9,712        279,997  

International Flavors & Fragrances, Inc.

     4,589        640,670  

Kronos Worldwide, Inc.

     10,939        167,367  

Mosaic Co. (The)

     6,835        216,054  

NewMarket Corp.

     578        219,733  

Olin Corp.

     10,021        380,497  

PPG Industries, Inc.

     4,678        702,916  

RPM International, Inc.

     5,478        503,154  

Scotts Miracle-Gro Co. (The)

     1,966        481,611  

Sensient Technologies Corp.

     2,526        197,028  

Sherwin-Williams Co. (The)

     1,396        1,030,262  

Valvoline, Inc.

     7,701        200,765  

W.R. Grace & Co.

     2,817        168,626  

Westlake Chemical Corp.

     2,968        263,529  
     

 

 

 
Total Chemicals

 

     16,975,611  
Commercial Services & Supplies – 0.6%

 

ABM Industries, Inc.

     2,805        143,083  

Cintas Corp.

     2,387        814,707  

Healthcare Services Group, Inc.

     5,396        151,250  

HNI Corp.

     3,132        123,902  

MSA Safety, Inc.

     1,251        187,675  

Republic Services, Inc.

     13,188        1,310,228  

Rollins, Inc.

     7,322        252,023  

Steelcase, Inc. Class A

     6,907        99,392  

Tetra Tech, Inc.

     1,033        140,199  

Waste Management, Inc.

     12,074        1,557,787  
     

 

 

 
Total Commercial Services & Supplies

 

     4,780,246  
Communications Equipment – 1.4%

 

Cisco Systems, Inc.

     202,082        10,449,660  

Juniper Networks, Inc.

     19,880        503,560  

Motorola Solutions, Inc.

     4,385        824,599  

Ubiquiti, Inc.

     715        213,285  
     

 

 

 
Total Communications Equipment

 

     11,991,104  
Construction & Engineering – 0.0%

 

Quanta Services, Inc.

     1,414        124,404  

Valmont Industries, Inc.

     744        176,826  
     

 

 

 
Total Construction & Engineering

 

     301,230  
Construction Materials – 0.1%

 

Martin Marietta Materials, Inc.

     895        300,559  

Vulcan Materials Co.

     2,138        360,787  
     

 

 

 
Total Construction Materials

 

     661,346  
Consumer Finance – 0.6%

 

American Express Co.

     16,008        2,264,172  

Discover Financial Services

     10,270        975,547  

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2021

 

 

 

Investments    Shares      Value  

Navient Corp.

     23,027      $ 329,517  

OneMain Holdings, Inc.

     10,057        540,262  

SLM Corp.

     12,390        222,648  

Synchrony Financial

     24,823        1,009,303  
     

 

 

 
Total Consumer Finance

 

     5,341,449  
Containers & Packaging – 0.6%

 

AptarGroup, Inc.

     1,924        272,573  

Avery Dennison Corp.

     3,228        592,822  

Ball Corp.

     4,672        395,905  

Graphic Packaging Holding Co.

     9,910        179,966  

Greif, Inc. Class A

     2,140        121,980  

Greif, Inc. Class B

     2,477        141,783  

International Paper Co.

     23,839        1,288,975  

Packaging Corp. of America

     5,173        695,665  

Sealed Air Corp.

     5,835        267,360  

Silgan Holdings, Inc.

     4,523        190,102  

Sonoco Products Co.

     6,988        442,340  

WestRock Co.

     7,821        407,083  
     

 

 

 
Total Containers & Packaging

 

     4,996,554  
Distributors – 0.1%

 

Genuine Parts Co.

     7,424        858,140  

Pool Corp.

     733        253,061  
     

 

 

 
Total Distributors

 

     1,111,201  
Diversified Consumer Services – 0.1%

 

H&R Block, Inc.

     20,757        452,503  

Service Corp. International

     7,327        374,043  

Strategic Education, Inc.

     1,371        126,009  
     

 

 

 
Total Diversified Consumer Services

 

     952,555  
Diversified Financial Services – 0.1%

 

Jefferies Financial Group, Inc.

     11,500        346,150  

Voya Financial, Inc.

     2,615        166,419  
     

 

 

 
Total Diversified Financial Services

 

     512,569  
Diversified Telecommunication Services – 5.3%

 

AT&T, Inc.

     712,660        21,572,218  

Cogent Communications Holdings, Inc.

     4,261        292,986  

Lumen Technologies, Inc.

     162,363        2,167,546  

Verizon Communications, Inc.

     377,779        21,967,849  
     

 

 

 
Total Diversified Telecommunication Services

 

     46,000,599  
Electric Utilities – 3.8%

 

ALLETE, Inc.

     3,918        263,250  

Alliant Energy Corp.

     16,819        910,917  

American Electric Power Co., Inc.

     25,202        2,134,609  

Avangrid, Inc.

     18,392        916,106  

Duke Energy Corp.

     45,276        4,370,492  

Edison International

     23,823        1,396,028  

Entergy Corp.

     11,131        1,107,201  

Evergy, Inc.

     13,728        817,228  

Eversource Energy

     12,461        1,078,998  

Exelon Corp.

     51,652        2,259,258  

FirstEnergy Corp.

     42,901        1,488,236  

Hawaiian Electric Industries, Inc.

     6,943        308,478  

IDACORP, Inc.

     3,925      392,382  

NextEra Energy, Inc.

     81,918        6,193,820  

NRG Energy, Inc.

     14,000        528,220  

OGE Energy Corp.

     15,939        515,786  

Otter Tail Corp.

     3,093        142,804  

Pinnacle West Capital Corp.

     7,291        593,123  

Portland General Electric Co.

     6,217        295,121  

PPL Corp.

     66,704        1,923,743  

Southern Co. (The)

     64,581        4,014,355  

Xcel Energy, Inc.

     29,290        1,948,078  
     

 

 

 
Total Electric Utilities

 

     33,598,233  
Electrical Equipment – 0.5%

 

AMETEK, Inc.

     2,418        308,851  

Emerson Electric Co.

     22,572        2,036,446  

Hubbell, Inc.

     3,191        596,366  

Regal Beloit Corp.

     942        134,404  

Rockwell Automation, Inc.

     4,602        1,221,555  
     

 

 

 
Total Electrical Equipment

 

     4,297,622  
Electronic Equipment, Instruments & Components – 0.4%

 

Amphenol Corp. Class A

     12,228        806,681  

Avnet, Inc.

     5,060        210,040  

CDW Corp.

     2,861        474,211  

Corning, Inc.

     27,421        1,193,088  

Dolby Laboratories, Inc. Class A

     1,812        178,881  

National Instruments Corp.

     6,182        266,970  

Vishay Intertechnology, Inc.

     5,768        138,893  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     3,268,764  
Energy Equipment & Services – 0.1%

 

Archrock, Inc.

     19,126        181,506  

Baker Hughes Co.

     34,515        745,869  

Halliburton Co.

     14,034        301,170  
     

 

 

 
Total Energy Equipment & Services

 

     1,228,545  
Entertainment – 0.2%

 

Activision Blizzard, Inc.

     8,935        830,955  

Electronic Arts, Inc.

     3,632        491,664  
     

 

 

 
Total Entertainment

 

     1,322,619  
Equity Real Estate Investment Trusts (REITs) – 5.0%

 

Agree Realty Corp.

     3,014        202,872  

Alexander’s, Inc.

     540        149,742  

Alexandria Real Estate Equities, Inc.

     5,559        913,344  

American Campus Communities, Inc.

     8,152        351,922  

American Homes 4 Rent Class A

     5,311        177,069  

American Tower Corp.

     10,499        2,509,891  

Americold Realty Trust

     7,849        301,951  

AvalonBay Communities, Inc.

     5,804        1,070,896  

Boston Properties, Inc.

     6,413        649,380  

Brandywine Realty Trust

     16,875        217,856  

Brixmor Property Group, Inc.

     21,585        436,665  

Camden Property Trust

     4,311        473,822  

CareTrust REIT, Inc.

     7,411        172,565  

Columbia Property Trust, Inc.

     10,834        185,261  

CoreSite Realty Corp.

     3,399        407,370  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2021

 

 

 

Investments    Shares      Value  

Corporate Office Properties Trust

     7,366      $ 193,947  

Cousins Properties, Inc.

     7,684        271,629  

Crown Castle International Corp.

     16,548        2,848,407  

CubeSmart

     15,705        594,120  

CyrusOne, Inc.

     4,902        331,963  

Digital Realty Trust, Inc.

     10,664        1,501,918  

Douglas Emmett, Inc.

     8,778        275,629  

Duke Realty Corp.

     12,873        539,765  

Easterly Government Properties, Inc.

     6,508        134,911  

EastGroup Properties, Inc.

     1,988        284,841  

Equinix, Inc.

     1,517        1,030,938  

Equity LifeStyle Properties, Inc.

     5,604        356,639  

Equity Residential

     15,936        1,141,496  

Essential Properties Realty Trust, Inc.

     7,290        166,431  

Essex Property Trust, Inc.

     2,249        611,368  

Extra Space Storage, Inc.

     6,652        881,723  

First Industrial Realty Trust, Inc.

     6,558        300,291  

Four Corners Property Trust, Inc.

     7,179        196,705  

Gaming and Leisure Properties, Inc.

     24,603        1,043,905  

Getty Realty Corp.

     5,551        157,204  

Healthcare Realty Trust, Inc.

     11,153        338,159  

Healthcare Trust of America, Inc. Class A

     14,606        402,833  

Healthpeak Properties, Inc.

     28,304        898,369  

Highwoods Properties, Inc.

     7,196        308,996  

Hudson Pacific Properties, Inc.

     8,596        233,209  

Independence Realty Trust, Inc.

     7,153        108,726  

Industrial Logistics Properties Trust

     8,567        198,155  

Innovative Industrial Properties, Inc.

     1,053        189,708  

Invitation Homes, Inc.

     10,936        349,843  

Iron Mountain, Inc.

     29,693        1,098,938  

JBG SMITH Properties

     5,733        182,252  

Kilroy Realty Corp.

     5,155        338,323  

Kimco Realty Corp.

     25,099        470,606  

Kite Realty Group Trust

     4,801        92,611  

Lamar Advertising Co. Class A

     3,113        292,373  

Lexington Realty Trust

     24,154        268,351  

Life Storage, Inc.

     3,886        334,002  

LTC Properties, Inc.

     3,841        160,247  

Medical Properties Trust, Inc.

     35,271        750,567  

Mid-America Apartment Communities, Inc.

     4,470        645,289  

National Health Investors, Inc.

     4,132        298,661  

National Retail Properties, Inc.

     12,115        533,908  

National Storage Affiliates Trust

     6,329        252,717  

Office Properties Income Trust

     7,035        193,603  

Paramount Group, Inc.

     15,619        158,220  

Physicians Realty Trust

     15,161        267,895  

Piedmont Office Realty Trust, Inc. Class A

     10,290        178,737  

PotlatchDeltic Corp.

     4,995        264,335  

Prologis, Inc.

     20,373        2,159,538  

PS Business Parks, Inc.

     1,313        202,964  

Public Storage

     10,975        2,708,191  

QTS Realty Trust, Inc. Class A

     3,149        195,364  

Rayonier, Inc.

     7,321        236,102  

Realty Income Corp.

     18,245        1,158,558  

Rexford Industrial Realty, Inc.

     4,877      245,801  

Sabra Health Care REIT, Inc.

     18,842        327,097  

SBA Communications Corp.

     595        165,142  

SITE Centers Corp.

     8,429        114,297  

SL Green Realty Corp.

     5,603        392,154  

Spirit Realty Capital, Inc.

     9,205        391,213  

STAG Industrial, Inc.

     10,283        345,612  

STORE Capital Corp.

     15,236        510,406  

Sun Communities, Inc.

     2,172        325,887  

Terreno Realty Corp.

     3,217        185,846  

UDR, Inc.

     13,672        599,654  

Uniti Group, Inc.

     18,831        207,706  

VICI Properties, Inc.(a)

     34,802        982,808  

Washington Prime Group, Inc.

     1        2  

Washington Real Estate Investment Trust

     6,818        150,678  

Weingarten Realty Investors

     6,846        184,226  

Weyerhaeuser Co.

     17,225        613,210  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     43,296,525  
Food & Staples Retailing – 1.9%

 

Albertsons Cos., Inc. Class A(a)

     21,476        409,547  

Casey’s General Stores, Inc.

     806        174,249  

Costco Wholesale Corp.

     7,080        2,495,559  

Kroger Co. (The)

     41,015        1,476,130  

Walmart, Inc.

     90,787        12,331,598  

Weis Markets, Inc.

     2,365        133,670  
     

 

 

 
Total Food & Staples Retailing

 

     17,020,753  
Food Products – 2.3%

 

Archer-Daniels-Midland Co.

     24,459        1,394,163  

B&G Foods, Inc.

     10,868        337,560  

Campbell Soup Co.

     20,407        1,025,860  

Conagra Brands, Inc.

     23,505        883,788  

Flowers Foods, Inc.

     18,566        441,871  

General Mills, Inc.

     46,723        2,865,054  

Hershey Co. (The)

     7,286        1,152,354  

Hormel Foods Corp.

     17,413        831,993  

Ingredion, Inc.

     3,678        330,726  

J.M. Smucker Co. (The)

     8,136        1,029,448  

Kellogg Co.

     28,588        1,809,620  

Kraft Heinz Co. (The)

     85,864        3,434,560  

Lamb Weston Holdings, Inc.

     3,100        240,188  

Lancaster Colony Corp.

     933        163,611  

McCormick & Co., Inc. Non-Voting Shares

     8,501        757,949  

Mondelez International, Inc. Class A

     44,568        2,608,565  

Sanderson Farms, Inc.

     692        107,800  

Tootsie Roll Industries, Inc.

     2,444        80,976  

Tyson Foods, Inc. Class A

     11,957        888,405  
     

 

 

 
Total Food Products

 

     20,384,491  
Gas Utilities – 0.3%

 

Atmos Energy Corp.

     5,208        514,811  

National Fuel Gas Co.

     6,671        333,483  

New Jersey Resources Corp.

     6,879        274,266  

Northwest Natural Holding Co.

     2,672        144,154  

ONE Gas, Inc.

     2,668        205,196  

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2021

 

 

 

Investments    Shares      Value  

South Jersey Industries, Inc.

     9,757      $ 220,313  

Southwest Gas Holdings, Inc.

     3,512        241,309  

Spire, Inc.

     3,719        274,797  

UGI Corp.

     12,661        519,228  
     

 

 

 
Total Gas Utilities

 

     2,727,557  
Health Care Equipment & Supplies – 1.1%

 

Abbott Laboratories

     34,766        4,166,358  

Baxter International, Inc.

     10,060        848,460  

Becton, Dickinson and Co.

     5,622        1,366,989  

Danaher Corp.

     3,491        785,754  

Dentsply Sirona, Inc.

     3,133        199,917  

Hill-Rom Holdings, Inc.

     1,311        144,839  

ResMed, Inc.

     2,568        498,243  

Stryker Corp.

     5,475        1,333,601  

Teleflex, Inc.

     347        144,165  

West Pharmaceutical Services, Inc.

     573        161,460  

Zimmer Biomet Holdings, Inc.

     2,289        366,423  
     

 

 

 
Total Health Care Equipment & Supplies

 

     10,016,209  
Health Care Providers & Services – 2.4%

 

AmerisourceBergen Corp.

     5,718        675,124  

Anthem, Inc.

     4,433        1,591,225  

Cardinal Health, Inc.

     15,734        955,840  

CVS Health Corp.

     51,599        3,881,793  

Encompass Health Corp.

     2,508        205,405  

Humana, Inc.

     1,300        545,025  

McKesson Corp.

     2,450        477,848  

Patterson Cos., Inc.

     5,749        183,681  

Premier, Inc. Class A

     4,908        166,136  

Quest Diagnostics, Inc.

     5,749        737,827  

UnitedHealth Group, Inc.

     30,548        11,365,994  
     

 

 

 
Total Health Care Providers & Services

 

     20,785,898  
Health Care Technology – 0.1%

 

Cerner Corp.

     7,184        516,386  
Hotels, Restaurants & Leisure – 1.3%

 

Domino’s Pizza, Inc.

     814        299,381  

McDonald’s Corp.

     27,045        6,061,866  

Starbucks Corp.

     30,345        3,315,798  

Travel + Leisure Co.

     4,263        260,725  

Wendy’s Co. (The)

     6,037        122,310  

Wyndham Hotels & Resorts, Inc.

     1,457        101,670  

Yum! Brands, Inc.

     12,405        1,341,973  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     11,503,723  
Household Durables – 0.4%

 

D.R. Horton, Inc.

     6,695        596,658  

Ethan Allen Interiors, Inc.

     4,129        114,002  

Leggett & Platt, Inc.

     8,381        382,593  

Lennar Corp. Class A

     6,199        627,525  

MDC Holdings, Inc.

     4,398        261,241  

Newell Brands, Inc.

     29,549        791,322  

PulteGroup, Inc.

     5,511        288,997  

Whirlpool Corp.

     2,732        601,996  
     

 

 

 
Total Household Durables

 

     3,664,334  
Household Products – 2.9%

 

Church & Dwight Co., Inc.

     4,537      396,307  

Clorox Co. (The)

     6,351        1,224,981  

Colgate-Palmolive Co.

     38,548        3,038,739  

Energizer Holdings, Inc.

     3,776        179,209  

Kimberly-Clark Corp.

     23,178        3,222,901  

Procter & Gamble Co. (The)

     126,095        17,077,046  

Reynolds Consumer Products, Inc.

     10,205        303,905  

Spectrum Brands Holdings, Inc.

     2,189        186,065  

WD-40 Co.

     470        143,904  
     

 

 

 
Total Household Products

 

     25,773,057  
Independent Power & Renewable Electricity Producers – 0.2%

 

AES Corp. (The)

     28,678        768,857  

Clearway Energy, Inc. Class A

     4,865        128,971  

Clearway Energy, Inc. Class C

     8,757        246,422  

Vistra Corp.

     22,843        403,865  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     1,548,115  
Industrial Conglomerates – 1.5%

 

3M Co.

     43,400        8,362,312  

Carlisle Cos., Inc.

     1,373        225,968  

General Electric Co.

     40,456        531,187  

Honeywell International, Inc.

     17,918        3,889,460  

Roper Technologies, Inc.

     934        376,720  
     

 

 

 
Total Industrial Conglomerates

 

     13,385,647  
Insurance – 2.3%

 

Aflac, Inc.

     31,362        1,605,107  

Allstate Corp. (The)

     13,123        1,507,833  

American Equity Investment Life Holding Co.

     3,019        95,189  

American Financial Group, Inc.

     3,347        381,893  

American National Group, Inc.

     1,980        213,583  

Arthur J. Gallagher & Co.

     6,945        866,528  

Assurant, Inc.

     2,057        291,621  

Brown & Brown, Inc.

     6,058        276,911  

Cincinnati Financial Corp.

     7,556        778,948  

CNA Financial Corp.

     17,610        785,934  

CNO Financial Group, Inc.

     8,145        197,842  

Erie Indemnity Co. Class A

     1,966        434,309  

Fidelity National Financial, Inc.

     18,391        747,778  

First American Financial Corp.

     7,114        403,008  

Globe Life, Inc.

     1,660        160,406  

Hanover Insurance Group, Inc. (The)

     2,217        287,013  

Hartford Financial Services Group, Inc. (The)

     13,300        888,307  

Horace Mann Educators Corp.

     2,738        118,309  

Kemper Corp.

     2,760        220,027  

Marsh & McLennan Cos., Inc.

     18,371        2,237,588  

Mercury General Corp.

     7,784        473,345  

MetLife, Inc.

     51,612        3,137,493  

Old Republic International Corp.

     22,587        493,300  

Primerica, Inc.

     1,298        191,870  

Progressive Corp. (The)

     4,766        455,677  

Reinsurance Group of America, Inc.

     2,679        337,688  

RLI Corp.

     1,359        151,624  

Safety Insurance Group, Inc.

     2,095        176,504  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2021

 

 

 

Investments    Shares      Value  

Selective Insurance Group, Inc.

     1,965      $ 142,541  

Stewart Information Services Corp.

     2,367        123,155  

Travelers Cos., Inc. (The)

     8,867        1,333,597  

Unum Group

     16,349        454,993  

W.R. Berkley Corp.

     1,333        100,441  
     

 

 

 
Total Insurance

 

     20,070,362  
Internet & Direct Marketing Retail – 0.1%

 

eBay, Inc.

     20,530        1,257,257  
IT Services – 2.6%

 

Automatic Data Processing, Inc.

     13,619        2,566,773  

Broadridge Financial Solutions, Inc.

     4,302        658,636  

Cognizant Technology Solutions Corp. Class A

     9,264        723,704  

Fidelity National Information Services, Inc.

     7,999        1,124,739  

Global Payments, Inc.

     1,955        394,089  

International Business Machines Corp.

     68,076        9,071,808  

Jack Henry & Associates, Inc.

     1,473        223,484  

MasterCard, Inc. Class A

     6,661        2,371,649  

MAXIMUS, Inc.

     2,002        178,258  

NIC, Inc.

     3,136        106,404  

Paychex, Inc.

     14,635        1,434,523  

TTEC Holdings, Inc.

     1,707        171,468  

Visa, Inc. Class A

     14,754        3,123,864  

Western Union Co. (The)

     27,038        666,757  
     

 

 

 
Total IT Services

 

     22,816,156  
Leisure Products – 0.2%

 

Brunswick Corp.

     3,039        289,829  

Hasbro, Inc.

     6,628        637,083  

Polaris, Inc.

     2,835        378,473  

Sturm Ruger & Co., Inc.

     2,070        136,765  
     

 

 

 
Total Leisure Products

 

     1,442,150  
Life Sciences Tools & Services – 0.2%

 

Agilent Technologies, Inc.

     4,869        619,045  

Bio-Techne Corp.

     488        186,382  

PerkinElmer, Inc.

     754        96,731  

Thermo Fisher Scientific, Inc.

     1,470        670,878  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,573,036  
Machinery – 2.3%

 

AGCO Corp.

     1,648        236,735  

Allison Transmission Holdings, Inc.

     3,610        147,396  

Caterpillar, Inc.

     18,158        4,210,296  

Crane Co.

     2,564        240,785  

Cummins, Inc.

     5,018        1,300,214  

Deere & Co.

     5,295        1,981,071  

Donaldson Co., Inc.

     5,056        294,057  

Dover Corp.

     5,542        759,974  

Flowserve Corp.

     5,420        210,350  

Fortive Corp.

     2,634        186,066  

Graco, Inc.

     4,451        318,781  

Hillenbrand, Inc.

     3,400        162,214  

IDEX Corp.

     1,368        286,350  

Illinois Tool Works, Inc.

     15,216        3,370,648  

ITT, Inc.

     2,227        202,457  

Kennametal, Inc.

     3,690        147,489  

Lincoln Electric Holdings, Inc.

     2,600      319,644  

Mueller Industries, Inc.

     2,709        112,017  

Nordson Corp.

     880        174,838  

Oshkosh Corp.

     2,051        243,372  

Otis Worldwide Corp.

     12,304        842,209  

PACCAR, Inc.

     8,095        752,187  

Parker-Hannifin Corp.

     2,167        683,537  

Rexnord Corp.

     3,294        155,114  

Snap-on, Inc.

     2,413        556,776  

Stanley Black & Decker, Inc.

     3,990        796,683  

Timken Co. (The)

     3,127        253,819  

Toro Co. (The)

     3,078        317,465  

Trinity Industries, Inc.

     6,895        196,439  

Watts Water Technologies, Inc. Class A

     817        97,068  

Westinghouse Air Brake Technologies Corp.

     2,300        182,068  

Xylem, Inc.

     3,238        340,573  
     

 

 

 
Total Machinery

 

     20,078,692  
Marine – 0.0%

 

Matson, Inc.

     2,225        148,407  
Media – 1.3%

 

Cable One, Inc.

     60        109,702  

Comcast Corp. Class A

     119,907        6,488,168  

Fox Corp. Class A

     9,269        334,703  

Fox Corp. Class B

     7,504        262,115  

Interpublic Group of Cos., Inc. (The)

     26,697        779,552  

John Wiley & Sons, Inc. Class A

     3,283        177,939  

New York Times Co. (The) Class A

     2,711        137,231  

News Corp. Class A

     8,532        216,969  

Nexstar Media Group, Inc. Class A

     1,711        240,276  

Omnicom Group, Inc.

     13,483        999,764  

Sirius XM Holdings, Inc.(a)

     62,258        379,151  

TEGNA, Inc.

     8,948        168,491  

ViacomCBS, Inc. Class B

     23,104        1,041,990  
     

 

 

 
Total Media

 

     11,336,051  
Metals & Mining – 0.5%

 

Commercial Metals Co.

     8,191        252,610  

Compass Minerals International, Inc.

     3,975        249,312  

Newmont Corp.

     29,724        1,791,466  

Nucor Corp.

     13,498        1,083,484  

Reliance Steel & Aluminum Co.

     3,270        497,988  

Royal Gold, Inc.

     1,403        150,991  

Steel Dynamics, Inc.

     9,180        465,977  

Worthington Industries, Inc.

     3,017        202,411  
     

 

 

 
Total Metals & Mining

 

     4,694,239  
Multi-Utilities – 1.8%

 

Ameren Corp.

     10,296        837,683  

Avista Corp.

     5,429        259,235  

Black Hills Corp.

     4,260        284,440  

CenterPoint Energy, Inc.

     23,415        530,350  

CMS Energy Corp.

     17,964        1,099,756  

Consolidated Edison, Inc.

     20,977        1,569,080  

Dominion Energy, Inc.

     39,801        3,023,284  

DTE Energy Co.

     10,270        1,367,348  

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2021

 

 

 

Investments    Shares      Value  

MDU Resources Group, Inc.

     17,005      $ 537,528  

NiSource, Inc.

     22,356        539,003  

NorthWestern Corp.

     3,886        253,367  

Public Service Enterprise Group, Inc.

     25,610        1,541,978  

Sempra Energy

     13,280        1,760,662  

WEC Energy Group, Inc.

     18,180        1,701,466  
     

 

 

 
Total Multi-Utilities

 

     15,305,180  
Multiline Retail – 0.5%

 

Big Lots, Inc.

     3,154        215,418  

Dollar General Corp.

     3,973        805,009  

Target Corp.

     17,820        3,529,608  
     

 

 

 
Total Multiline Retail

 

     4,550,035  
Oil, Gas & Consumable Fuels – 0.6%

 

Antero Midstream Corp.

     114,909        1,037,628  

APA Corp.

     6,486        116,099  

Cabot Oil & Gas Corp.

     16,838        316,217  

Cimarex Energy Co.

     4,566        271,175  

Diamondback Energy, Inc.

     8,484        623,489  

EOG Resources, Inc.

     23,428        1,699,233  

Marathon Oil Corp.

     25,551        272,885  

Pioneer Natural Resources Co.

     5,704        905,909  

SM Energy Co.

     7,875        128,914  

Targa Resources Corp.

     6,733        213,773  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     5,585,322  
Paper & Forest Products – 0.1%

 

Louisiana-Pacific Corp.

     4,809        266,707  

Schweitzer-Mauduit International, Inc.

     3,332        163,168  
     

 

 

 
Total Paper & Forest Products

 

     429,875  
Personal Products – 0.1%

 

Estee Lauder Cos., Inc. (The) Class A

     3,033        882,148  

Medifast, Inc.

     774        163,949  

Nu Skin Enterprises, Inc. Class A

     2,963        156,713  
     

 

 

 
Total Personal Products

 

     1,202,810  
Pharmaceuticals – 7.1%

 

Bristol-Myers Squibb Co.

     99,601        6,287,811  

Eli Lilly & Co.

     28,452        5,315,403  

Johnson & Johnson

     155,977        25,634,820  

Merck & Co., Inc.

     175,559        13,533,843  

Pfizer, Inc.

     297,704        10,785,816  

Zoetis, Inc.

     3,808        599,684  
     

 

 

 
Total Pharmaceuticals

 

     62,157,377  
Professional Services – 0.4%

 

Booz Allen Hamilton Holding Corp.

     4,789        385,658  

CoreLogic, Inc.

     3,445        273,016  

Equifax, Inc.

     1,756        318,064  

Exponent, Inc.

     1,477        143,934  

Insperity, Inc.

     2,027        169,741  

Jacobs Engineering Group, Inc.

     1,705        220,405  

KBR, Inc.

     4,316        165,691  

Leidos Holdings, Inc.

     3,152        303,475  

ManpowerGroup, Inc.

     2,664        263,470  

Robert Half International, Inc.

     4,170        325,552  

Science Applications International Corp.

     1,719      143,691  

TransUnion

     1,297        116,730  

Verisk Analytics, Inc.

     2,216        391,545  
     

 

 

 
Total Professional Services

 

     3,220,972  
Real Estate Management & Development – 0.0%

 

Kennedy-Wilson Holdings, Inc.

     11,113        224,594  
Road & Rail – 1.0%

 

CSX Corp.

     13,361        1,288,268  

JB Hunt Transport Services, Inc.

     1,506        253,113  

Kansas City Southern

     1,454        383,740  

Knight-Swift Transportation Holdings, Inc.

     2,909        139,894  

Landstar System, Inc.

     813        134,194  

Norfolk Southern Corp.

     6,116        1,642,268  

Old Dominion Freight Line, Inc.

     948        227,909  

Ryder System, Inc.

     5,020        379,763  

Union Pacific Corp.

     18,552        4,089,046  

Werner Enterprises, Inc.

     2,400        113,208  
     

 

 

 
Total Road & Rail

 

     8,651,403  
Semiconductors & Semiconductor Equipment – 4.9%

 

Analog Devices, Inc.

     9,602        1,489,078  

Applied Materials, Inc.

     13,775        1,840,340  

Broadcom, Inc.

     18,622        8,634,276  

Entegris, Inc.

     1,411        157,750  

Intel Corp.

     157,046        10,050,944  

KLA Corp.

     4,800        1,585,920  

Lam Research Corp.

     2,258        1,344,052  

Microchip Technology, Inc.

     4,230        656,581  

MKS Instruments, Inc.

     897        166,322  

Monolithic Power Systems, Inc.

     542        191,440  

NVIDIA Corp.

     1,209        645,521  

QUALCOMM, Inc.

     43,487        5,765,941  

Skyworks Solutions, Inc.

     3,440        631,171  

Teradyne, Inc.

     1,603        195,053  

Texas Instruments, Inc.

     50,720        9,585,573  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     42,939,962  
Software – 5.9%

 

CDK Global, Inc.

     2,957        159,855  

Citrix Systems, Inc.

     2,264        317,775  

InterDigital, Inc.

     1,685        106,913  

Intuit, Inc.

     2,533        970,291  

Microsoft Corp.

     175,224        41,312,563  

NortonLifeLock, Inc.

     24,870        528,736  

Oracle Corp.

     107,844        7,567,414  

SS&C Technologies Holdings, Inc.

     3,467        242,239  
     

 

 

 
Total Software

 

     51,205,786  
Specialty Retail – 3.1%

 

Advance Auto Parts, Inc.

     916        168,077  

Best Buy Co., Inc.

     12,718        1,460,154  

Buckle, Inc. (The)

     4,085        160,459  

Dick’s Sporting Goods, Inc.

     4,004        304,905  

Foot Locker, Inc.

     3,113        175,106  

Home Depot, Inc. (The)

     54,736        16,708,164  

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2021

 

 

 

Investments    Shares      Value  

Lowe’s Cos., Inc.

     25,429      $ 4,836,087  

Penske Automotive Group, Inc.

     4,263        342,063  

Rent-A-Center, Inc.

     5,225        301,273  

TJX Cos., Inc. (The)

     27,135        1,794,980  

Tractor Supply Co.

     3,344        592,156  

Williams-Sonoma, Inc.

     3,742        670,566  
     

 

 

 
Total Specialty Retail

 

     27,513,990  
Technology Hardware, Storage & Peripherals – 3.9%

 

Apple, Inc.

     250,689        30,621,661  

HP, Inc.

     69,037        2,191,925  

NetApp, Inc.

     11,126        808,527  

Xerox Holdings Corp.

     14,667        355,968  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     33,978,081  
Textiles, Apparel & Luxury Goods – 0.4%

 

Hanesbrands, Inc.

     25,017        492,085  

Kontoor Brands, Inc.

     5,308        257,597  

NIKE, Inc. Class B

     14,171        1,883,184  

VF Corp.

     13,185        1,053,745  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     3,686,611  
Thrifts & Mortgage Finance – 0.3%

 

Capitol Federal Financial, Inc.

     11,875        157,284  

MGIC Investment Corp.

     13,227        183,194  

New York Community Bancorp, Inc.

     49,905        629,801  

Northwest Bancshares, Inc.

     14,742        213,022  

PennyMac Financial Services, Inc.

     2,346        156,877  

Provident Financial Services, Inc.

     8,520        189,826  

Radian Group, Inc.

     9,309        216,434  

TFS Financial Corp.

     29,099        592,747  

TrustCo Bank Corp.

     12,464        91,860  

Walker & Dunlop, Inc.

     1,750        179,795  

Washington Federal, Inc.

     5,520        170,016  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     2,780,856  
Tobacco – 4.0%

 

Altria Group, Inc.

     335,717        17,175,281  

Philip Morris International, Inc.

     196,123        17,403,955  

Universal Corp.

     3,128        184,521  

Vector Group Ltd.

     25,740        359,073  
     

 

 

 
Total Tobacco

 

     35,122,830  
Trading Companies & Distributors – 0.4%

 

Air Lease Corp.

     3,624      177,576  

Applied Industrial Technologies, Inc.

     1,940        176,870  

Boise Cascade Co.

     1,658        99,198  

Fastenal Co.

     25,304        1,272,285  

GATX Corp.

     1,622        150,424  

MSC Industrial Direct Co., Inc. Class A

     2,889        260,559  

Rush Enterprises, Inc. Class A

     1,869        93,132  

W.W. Grainger, Inc.

     1,896        760,164  

Watsco, Inc.

     2,511        654,743  
     

 

 

 
Total Trading Companies & Distributors

 

     3,644,951  
Water Utilities – 0.2%

 

American States Water Co.

     2,008        151,845  

American Water Works Co., Inc.

     5,563        834,005  

California Water Service Group

     2,687        151,386  

Essential Utilities, Inc.

     8,615        385,521  
     

 

 

 
Total Water Utilities

 

     1,522,757  
Wireless Telecommunication Services – 0.0%

 

Telephone & Data Systems, Inc.

     7,866        180,603  
Total United States

 

     873,501,104  
Puerto Rico – 0.0%

 

IT Services – 0.0%

 

EVERTEC, Inc.

     1,829        68,076  

TOTAL COMMON STOCKS

(Cost: $627,964,166)

 

 

     873,569,180  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%

 

United States – 0.1%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(b)

  
(Cost: $727,096)      727,096        727,096  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $628,691,262)

 

     874,296,276  

Other Assets less Liabilities – 0.1%

 

     1,234,233  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 875,530,509  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,594,325 and the total market value of the collateral held by the Fund was $1,651,908. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $924,812.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 873,569,180      $      $      $ 873,569,180  

Investment of Cash Collateral for Securities Loaned

            727,096               727,096  

Total Investments in Securities

   $ 873,569,180      $ 727,096      $      $ 874,296,276  

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
U.S. Dividend
ex-Financials
Fund
     WisdomTree
U.S. ESG Fund
     WisdomTree
U.S. High
Dividend Fund
     WisdomTree
U.S. LargeCap
Dividend Fund
     WisdomTree
U.S. LargeCap
Fund
 

ASSETS:

              

Investments, at cost

   $ 478,265,481      $ 65,653,770      $ 698,037,562      $ 2,012,834,143      $ 401,843,539  

Investment in affiliates, at cost (Note 3)

     276,071                      5,955,573        484,987  

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

     554,493,431        88,360,334        771,391,155        2,816,044,496        510,208,288  

Investment in affiliates, at value (Note 3)

     356,086                      6,267,390        628,636  

Cash

     352,255        26,315        597,528        1,262,527        345,717  

Receivables:

              

Investment securities sold

     2,350,949        11,345        3,837,818                

Dividends

     1,891,047        73,001        2,486,410        4,538,936        443,401  

Securities lending income

     2,370        103        9,315        4,926        875  

Total Assets

     559,446,138        88,471,098        778,322,226        2,828,118,275        511,626,917  

LIABILITIES:

 

Payables:

              

Cash collateral received for securities loaned (Note 2)

     1,421,211        75,660        208,513        3,987,988        796,784  

Capital shares redeemed

     2,353,775               3,825,870                

Advisory fees (Note 3)

     178,287        20,667        250,491        652,745        34,413  

Service fees (Note 2)

     2,049        324        2,885        10,218        1,878  

Total Liabilities

     3,955,322        96,651        4,287,759        4,650,951        833,075  

NET ASSETS

   $ 555,490,816      $ 88,374,447      $ 774,034,467      $ 2,823,467,324      $ 510,793,842  

NET ASSETS:

              

Paid-in capital

   $ 572,436,924      $ 73,845,172      $ 802,815,456      $ 2,178,249,698      $ 425,073,202  

Total distributable earnings (loss)

     (16,946,108      14,529,275        (28,780,989      645,217,626        85,720,640  

NET ASSETS

   $ 555,490,816      $ 88,374,447      $ 774,034,467      $ 2,823,467,324      $ 510,793,842  

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

     5,900,000        2,025,000        10,150,000        24,650,000        11,800,000  

Net asset value per share

   $ 94.15      $ 43.64      $ 76.26      $ 114.54      $ 43.29  

1 Includes market value of securities out on loan of:

   $ 6,109,510      $ 682,383      $ 6,753,014      $ 18,313,810      $ 1,049,692  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
U.S. MidCap
Dividend Fund
     WisdomTree
U.S. MidCap
Fund
     WisdomTree
U.S. Multifactor
Fund
     WisdomTree
U.S. Quality
Dividend
Growth Fund
     WisdomTree
U.S. Quality
Shareholder
Yield Fund
 

ASSETS:

              

Investments, at cost

   $ 2,407,748,528      $ 572,880,320      $ 129,484,139      $ 4,435,280,207      $ 50,433,915  

Investment in affiliates, at cost (Note 3)

     10,991,484        2,245,203                       

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

     2,897,144,043        709,224,705        148,932,242        5,567,249,442        59,059,494  

Investment in affiliates, at value (Note 3)

     12,420,991        2,290,925                       

Cash

     1,496,357        138,643        252,476        2,488,259        18,767  

Receivables:

              

Capital shares sold

                          14,285,982        1,129,140  

Dividends

     4,768,339        676,159        114,139        8,202,312        66,449  

Securities lending income

     35,994        4,097        152        4,073        322  

Total Assets

     2,915,865,724        712,334,529        149,299,009        5,592,230,068        60,274,172  

LIABILITIES:

 

Payables:

 

Cash collateral received for securities loaned (Note 2)

     10,426,767        5,107,469        773,588               685,611  

Investment securities purchased

                          14,275,208        1,128,725  

Advisory fees (Note 3)

     933,810        227,311        35,101        1,287,342        18,989  

Service fees (Note 2)

     10,788        2,618        553        20,230        220  

Total Liabilities

     11,371,365        5,337,398        809,242        15,582,780        1,833,545  

NET ASSETS

   $ 2,904,494,359      $ 706,997,131      $ 148,489,767      $ 5,576,647,288      $ 58,440,627  

NET ASSETS:

              

Paid-in capital

   $ 2,772,638,627      $ 648,872,162      $ 149,139,159      $ 4,702,584,509      $ 54,913,695  

Total distributable earnings (loss)

     131,855,732        58,124,969        (649,392      874,062,779        3,526,932  

NET ASSETS

   $ 2,904,494,359      $ 706,997,131      $ 148,489,767      $ 5,576,647,288      $ 58,440,627  

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

     71,900,000        13,900,000        3,925,000        97,600,000        1,040,000 ^ 

Net asset value per share

   $ 40.40      $ 50.86      $ 37.83      $ 57.14      $ 56.19 ^ 

1 Includes market value of securities out on loan of:

   $ 38,109,127      $ 27,459,966      $ 2,032,196      $ 43,958,536      $ 1,038,068  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

^ Updated to reflect the effect of a 2-for-1 stock split on June 10, 2021 (see Note 8).

  

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      99  


Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
U.S. SmallCap
Dividend Fund
     WisdomTree
U.S. SmallCap
Fund
     WisdomTree
U.S. SmallCap
Quality Dividend
Growth Fund
     WisdomTree
U.S. Total
Dividend Fund
 

ASSETS:

 

  

Investments, at cost

   $ 1,578,686,661      $ 502,216,500      $ 156,422,442      $ 628,691,262  

Investment in affiliates, at cost (Note 3)

     7,598        1,017,831                

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

     1,867,326,174        614,318,233        188,444,926        874,296,276  

Investment in affiliates, at value (Note 3)

     13,217        1,167,519                

Cash

     2,370,928        462,341        81,183        685,946  

Receivables:

           

Investment securities sold

            177,189                

Capital shares sold

            14,160,192                

Dividends

     2,974,948        410,556        227,450        1,481,324  

Securities lending income

     16,355        4,893        355        862  

Total Assets

     1,872,701,622        630,700,923        188,753,914        876,464,408  

LIABILITIES:

 

  

Payables:

           

Cash collateral received for securities loaned (Note 2)

     42,279,171        6,996,113        961,056        727,096  

Investment securities purchased

            14,186,408                

Advisory fees (Note 3)

     592,719        189,021        59,581        203,603  

Service fees (Note 2)

     6,858        2,185        689        3,200  

Total Liabilities

     42,878,748        21,373,727        1,021,326        933,899  

NET ASSETS

   $ 1,829,822,874      $ 609,327,196      $ 187,732,588      $ 875,530,509  

NET ASSETS:

 

  

Paid-in capital

   $ 1,879,951,634      $ 566,589,236      $ 174,733,175      $ 701,317,467  

Total distributable earnings (loss)

     (50,128,760      42,737,960        12,999,413        174,213,042  

NET ASSETS

   $ 1,829,822,874      $ 609,327,196      $ 187,732,588      $ 875,530,509  

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

     58,850,000        12,900,000        4,085,000        7,750,000  

Net asset value per share

   $ 31.09      $ 47.23      $ 45.96      $ 112.97  

1 Includes market value of securities out on loan of:

   $ 82,797,403      $ 22,872,745      $ 1,400,112      $ 1,594,325  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

100   WisdomTree Trust


Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
U.S. Dividend
ex-Financials
Fund
     WisdomTree
U.S. ESG Fund
     WisdomTree
U.S. High
Dividend Fund
     WisdomTree
U.S. LargeCap
Dividend Fund
     WisdomTree
U.S. LargeCap
Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 20,022,738      $ 1,276,819      $ 32,765,457      $ 71,397,643      $ 8,670,894  

Dividends from affiliates (Note 3)

     41,390               67,353        126,618        68,601  

Non-cash dividends

                   283,455               9,423  

Securities lending income, net (Note 2)

     57,543        2,115        85,443        55,748        23,512  

Total investment income

     20,121,671        1,278,934        33,201,708        71,580,009        8,772,430  

EXPENSES:

              

Advisory fees (Note 3)

     2,018,359        227,695        2,796,186        6,647,650        336,942  

Service fees (Note 2)

     23,371        3,578        32,377        104,462        18,531  

Total expenses

     2,041,730        231,273        2,828,563        6,752,112        355,473  

Expense waivers (Note 3)

     (1,910             (2,719      (3,713       

Net expenses

     2,039,820        231,273        2,825,844        6,748,399        355,473  

Net investment income

     18,081,851        1,047,661        30,375,864        64,831,610        8,416,957  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (36,392,857      1,814,606        (34,333,265      (75,908,745      (13,550,642

Investment transactions in affiliates (Note 3)

     4,234               829,765        (823,412      173,139  

In-kind redemptions

     5,462,547        12,084,434        15,173,729        42,744,679        26,330,953  

Net realized gain (loss)

     (30,926,076      13,899,040        (18,329,771      (33,987,478      12,953,450  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     229,437,756        23,008,203        239,419,921        827,421,095        162,401,870  

Investment transactions in affiliates (Note 3)

     440,129               (357,139      1,908,803        192,735  

Net increase in unrealized appreciation/depreciation

     229,877,885        23,008,203        239,062,782        829,329,898        162,594,605  

Net realized and unrealized gain on investments

     198,951,809        36,907,243        220,733,011        795,342,420        175,548,055  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 217,033,660      $ 37,954,904      $ 251,108,875      $ 860,174,030      $ 183,965,012  

1 Net of foreign withholding tax of:

                 $ 688                

 

See Notes to Financial Statements.

 

WisdomTree Trust      101  


Statements of Operations (continued)

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
U.S. MidCap
Dividend Fund
     WisdomTree
U.S. MidCap
Fund
     WisdomTree
U.S. Multifactor
Fund
     WisdomTree
U.S. Quality
Dividend
Growth Fund
     WisdomTree
U.S. Quality
Shareholder
Yield Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 74,241,203      $ 10,546,480      $ 2,100,850      $ 103,794,460      $ 1,262,909  

Dividends from affiliates (Note 3)

     308,467        54,075                       

Non-cash dividends

     1,564,995        310,729        3,339                

Securities lending income, net (Note 2)

     805,556        187,262        13,611        50,712        1,869  

Total investment income

     76,920,221        11,098,546        2,117,800        103,845,172        1,264,778  

EXPENSES:

 

Advisory fees (Note 3)

     9,959,709        2,245,985        396,872        11,964,520        224,338  

Service fees (Note 2)

     115,322        26,006        6,237        188,015        2,598  

Total expenses

     10,075,031        2,271,991        403,109        12,152,535        226,936  

Expense waivers (Note 3)

     (17,715      (2,235                     

Net expenses

     10,057,316        2,269,756        403,109        12,152,535        226,936  

Net investment income

     66,862,905        8,828,790        1,714,691        91,692,637        1,037,842  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

     (109,034,557      28,680,801        5,791,653        (106,786,038      (2,414,987

Investment transactions in affiliates (Note 3)

     1,232,890        144,982                       

In-kind redemptions

     110,437,738        (12,735,552      14,102,596        382,260,177        10,643,062  

Futures contracts

                   48,189                

Net realized gain

     2,636,071        16,090,231        19,942,438        275,474,139        8,228,075  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     1,340,105,328        369,818,910        41,578,768        1,242,219,741        24,326,602  

Investment transactions in affiliates (Note 3)

     1,544,607        334,924                       

Net increase in unrealized appreciation/depreciation

     1,341,649,935        370,153,834        41,578,768        1,242,219,741        24,326,602  

Net realized and unrealized gain on investments

     1,344,286,006        386,244,065        61,521,206        1,517,693,880        32,554,677  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,411,148,911      $ 395,072,855      $ 63,235,897      $ 1,609,386,517      $ 33,592,519  

1 Net of foreign withholding tax of:

   $ 21,619                              

 

See Notes to Financial Statements.

 

102   WisdomTree Trust


Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
U.S. SmallCap
Dividend Fund
     WisdomTree
U.S. SmallCap
Fund
     WisdomTree
U.S. SmallCap
Quality Dividend
Growth Fund
     WisdomTree
U.S. Total
Dividend Fund
 

INVESTMENT INCOME:

           

Dividends1

   $ 44,808,684      $ 6,864,042      $ 3,526,017      $ 22,697,220  

Dividends from affiliates (Note 3)

     102,535        24,127                

Non-cash dividends

     62,423        87,726               76,166  

Securities lending income, net (Note 2)

     1,610,010        609,902        19,557        46,089  

Total investment income

     46,583,652        7,585,797        3,545,574        22,819,475  

EXPENSES:

 

Advisory fees (Note 3)

     5,600,951        1,684,261        441,194        2,117,431  

Service fees (Note 2)

     64,851        19,503        5,109        33,274  

Total expenses

     5,665,802        1,703,764        446,303        2,150,705  

Expense waivers (Note 3)

     (10,247      (1,573              

Net expenses

     5,655,555        1,702,191        446,303        2,150,705  

Net investment income

     40,928,097        5,883,606        3,099,271        20,668,770  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

     (104,090,144      (8,978,076      248,825        (40,254,518

Investment transactions in affiliates (Note 3)

     2,556,443        218,684                

In-kind redemptions

     37,520,414        (34,508,214      8,147,928        27,997,256  

Net realized gain (loss)

     (64,013,287      (43,267,606      8,396,753        (12,257,262

Net increase (decrease) in unrealized appreciation/depreciation:

           

Investment transactions

     862,945,659        373,212,161        60,716,996        281,999,291  

Investment transactions in affiliates (Note 3)

     (76,103      215,742                

Net increase in unrealized appreciation/depreciation

     862,869,556        373,427,903        60,716,996        281,999,291  

Net realized and unrealized gain on investments

     798,856,269        330,160,297        69,113,749        269,742,029  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 839,784,366      $ 336,043,903      $ 72,213,020      $ 290,410,799  

1 Net of foreign withholding tax of:

   $ 13,444      $ 2,552      $ 1,968      $ 696  

 

See Notes to Financial Statements.

 

WisdomTree Trust      103  


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     

WisdomTree

U.S. Dividend ex-Financials Fund

    

WisdomTree

U.S. ESG Fund

    

WisdomTree

U.S. High Dividend Fund

 
      For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

        

Net investment income

   $ 18,081,851      $ 28,148,767      $ 1,047,661      $ 1,788,211      $ 30,375,864      $ 33,858,667  

Net realized gain (loss) on investments

     (30,926,076      35,974,811        13,899,040        4,294,629        (18,329,771      9,159,900  

Net increase (decrease) in unrealized appreciation/depreciation on investments

     229,877,885        (213,635,112      23,008,203        (17,129,564      239,062,782        (206,259,892

Net increase (decrease) in net assets resulting from operations

     217,033,660        (149,511,534      37,954,904        (11,046,724      251,108,875        (163,241,325

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (17,898,781      (28,605,928      (1,018,751      (2,196,268      (32,948,834      (35,182,638

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     3,076,020        140,488,671        17,089,290        5,285,033        16,615,726        164,506,928  

Cost of shares redeemed

     (189,730,575      (210,429,585      (38,475,090      (32,243,023      (139,676,472      (240,423,491

Net decrease in net assets resulting from capital share transactions

     (186,654,555      (69,940,914      (21,385,800      (26,957,990      (123,060,746      (75,916,563

Net Increase (Decrease) in Net Assets

     12,480,324        (248,058,376      15,550,353        (40,200,982      95,099,295        (274,340,526

NET ASSETS:

 

Beginning of year

   $ 543,010,492      $ 791,068,868      $ 72,824,094      $ 113,025,076      $ 678,935,172      $ 953,275,698  

End of year

   $ 555,490,816      $ 543,010,492      $ 88,374,447      $ 72,824,094      $ 774,034,467      $ 678,935,172  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     8,400,000        9,250,000        2,650,000        3,500,000        12,000,000        13,150,000  

Shares created

     50,000        1,550,000        450,000        150,000        250,000        2,150,000  

Shares redeemed

     (2,550,000      (2,400,000      (1,075,000      (1,000,000      (2,100,000      (3,300,000

Shares outstanding, end of year

     5,900,000        8,400,000        2,025,000        2,650,000        10,150,000        12,000,000  

 

See Notes to Financial Statements.

 

104   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

U.S. LargeCap Dividend Fund

   

WisdomTree

U.S. LargeCap Fund

   

WisdomTree

U.S. MidCap Dividend Fund

 
     For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 64,831,610     $ 60,302,320     $ 8,416,957     $ 6,910,297     $ 66,862,905     $ 109,562,824  

Net realized gain (loss) on investments

    (33,987,478     59,879,050       12,953,450       29,688,132       2,636,071       (32,059,059

Net increase (decrease) in unrealized appreciation/depreciation on investments

    829,329,898       (376,411,379     162,594,605       (87,732,243     1,341,649,935       (1,238,574,803

Net increase (decrease) in net assets resulting from operations

    860,174,030       (256,230,009     183,965,012       (51,133,814     1,411,148,911       (1,161,071,038

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (64,521,145     (60,470,137     (8,454,532     (6,827,555     (69,319,287     (110,075,200

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    299,263,631       419,731,501       67,242,141       259,529,873       55,709,893       582,755,620  

Cost of shares redeemed

    (121,142,441     (288,303,455     (73,381,483     (99,996,954     (978,306,188     (560,031,039

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

    178,121,190       131,428,046       (6,139,342     159,532,919       (922,596,295     22,724,581  

Net Increase (Decrease) in Net Assets

    973,774,075       (185,272,100     169,371,138       101,571,550       419,233,329       (1,248,421,657

NET ASSETS:

 

Beginning of year

  $ 1,849,693,249     $ 2,034,965,349     $ 341,422,704     $ 239,851,154     $ 2,485,261,030     $ 3,733,682,687  

End of year

  $ 2,823,467,324     $ 1,849,693,249     $ 510,793,842     $ 341,422,704     $ 2,904,494,359     $ 2,485,261,030  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    22,850,000       21,600,000       12,150,000       7,550,000       102,750,000       104,400,000  

Shares created

    3,050,000       4,300,000       1,700,000       7,500,000       1,700,000       15,700,000  

Shares redeemed

    (1,250,000     (3,050,000     (2,050,000     (2,900,000     (32,550,000     (17,350,000

Shares outstanding, end of year

    24,650,000       22,850,000       11,800,000       12,150,000       71,900,000       102,750,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      105  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

U.S. MidCap Fund

   

WisdomTree

U.S. Multifactor Fund

   

WisdomTree

U.S. Quality Dividend Growth Fund

 
     For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 8,828,790     $ 17,235,514     $ 1,714,691     $ 2,792,959     $ 91,692,637     $ 71,154,299  

Net realized gain (loss) on investments and futures contracts

    16,090,231       56,075,613       19,942,438       (8,946,398     275,474,139       194,857,899  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    370,153,834       (379,219,891     41,578,768       (24,714,385     1,242,219,741       (512,627,235

Net increase (decrease) in net assets resulting from operations

    395,072,855       (305,908,764     63,235,897       (30,867,824     1,609,386,517       (246,615,037

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (8,770,455     (17,560,711     (1,705,277     (2,826,270     (90,898,526     (69,826,053

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    11,230,457       151,208,990       28,173,706       133,661,678       2,329,055,020       1,106,195,913  

Cost of shares redeemed

    (251,144,450     (365,442,227     (82,522,173     (73,140,625     (994,378,619     (846,633,303

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

    (239,913,993     (214,233,237     (54,348,467     60,521,053       1,334,676,401       259,562,610  

Net Increase (Decrease) in Net Assets

    146,388,407       (537,702,712     7,182,153       26,826,959       2,853,164,392       (56,878,480

NET ASSETS:

 

Beginning of year

  $ 560,608,724     $ 1,098,311,436     $ 141,307,614     $ 114,480,655     $ 2,723,482,896     $ 2,780,361,376  

End of year

  $ 706,997,131     $ 560,608,724     $ 148,489,767     $ 141,307,614     $ 5,576,647,288     $ 2,723,482,896  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    21,200,000       27,950,000       5,750,000       3,950,000       70,100,000       64,600,000  

Shares created

    250,000       3,750,000       825,000       4,350,000       46,600,000       23,950,000  

Shares redeemed

    (7,550,000     (10,500,000     (2,650,000     (2,550,000     (19,100,000     (18,450,000

Shares outstanding, end of year

    13,900,000       21,200,000       3,925,000       5,750,000       97,600,000       70,100,000  

 

See Notes to Financial Statements.

 

106   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

U.S. Quality Shareholder Yield Fund

   

WisdomTree

U.S. SmallCap Dividend Fund

   

WisdomTree

U.S. SmallCap Fund

 
     For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 1,037,842     $ 797,964     $ 40,928,097     $ 60,124,022     $ 5,883,606     $ 10,909,118  

Net realized gain (loss) on investments

    8,228,075       5,302,676       (64,013,287     (108,323,785     (43,267,606     59,036,341  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    24,326,602       (18,790,022     862,869,556       (602,805,324     373,427,903       (329,692,634

Net increase (decrease) in net assets resulting from operations

    33,592,519       (12,689,382     839,784,366       (651,005,087     336,043,903       (259,747,175

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (1,059,051     (764,994     (41,528,464     (63,284,313     (5,647,946     (11,592,685

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    23,568,030       60,365,127       44,957,078       97,117,312       74,445,010       185,877,974  

Cost of shares redeemed

    (59,455,621     (23,228,928     (330,309,232     (153,613,825     (215,189,958     (230,959,748

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

    (35,887,591     37,136,199       (285,352,154     (56,496,513     (140,744,948     (45,081,774

Net Increase (Decrease) in Net Assets

    (3,354,123     23,681,823       512,903,748       (770,785,913     189,651,009       (316,421,634

NET ASSETS:

 

Beginning of year

  $ 61,794,750     $ 38,112,927     $ 1,316,919,126     $ 2,087,705,039     $ 419,676,187     $ 736,097,821  

End of year

  $ 58,440,627     $ 61,794,750     $ 1,829,822,874     $ 1,316,919,126     $ 609,327,196     $ 419,676,187  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    1,900,000 ^      900,000 ^      72,700,000       75,800,000       18,750,000       20,400,000  

Shares created

    480,000 ^      1,500,000 ^      1,800,000       3,550,000       1,700,000       5,000,000  

Shares redeemed

    (1,340,000 )^      (500,000 )^      (15,650,000     (6,650,000     (7,550,000     (6,650,000

Shares outstanding, end of year

    1,040,000 ^      1,900,000 ^      58,850,000       72,700,000       12,900,000       18,750,000  

^ Updated to reflect the effect of a 2-for-1 stock split on June 10, 2021 (see Note 8).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      107  


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     

WisdomTree

U.S. SmallCap Quality
Dividend Growth Fund

    

WisdomTree

U.S. Total Dividend Fund

 
      For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

  

Net investment income

   $ 3,099,271      $ 2,727,754      $ 20,668,770      $ 20,537,083  

Net realized gain (loss) on investments

     8,396,753        3,039,635        (12,257,262      32,580,969  

Net increase (decrease) in unrealized appreciation/depreciation on investments

     60,716,996        (37,054,338      281,999,291        (174,550,644

Net increase (decrease) in net assets resulting from operations

     72,213,020        (31,286,949      290,410,799        (121,432,592

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (3,076,752      (2,702,894      (20,745,554      (20,435,251

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     67,747,027        20,559,883        35,217,669        244,794,844  

Cost of shares redeemed

     (22,953,191      (32,466,875      (64,308,529      (116,073,986

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

     44,793,836        (11,906,992      (29,090,860      128,720,858  

Net Increase (Decrease) in Net Assets

     113,930,104        (45,896,835      240,574,385        (13,146,985

NET ASSETS:

 

Beginning of year

   $ 73,802,484      $ 119,699,319      $ 634,956,124      $ 648,103,109  

End of year

   $ 187,732,588      $ 73,802,484      $ 875,530,509      $ 634,956,124  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     2,950,000        3,450,000        8,100,000        6,850,000  

Shares created

     1,755,000        550,000        350,000        2,400,000  

Shares redeemed

     (620,000      (1,050,000      (700,000      (1,150,000

Shares outstanding, end of year

     4,085,000        2,950,000        7,750,000        8,100,000  

 

See Notes to Financial Statements.

 

108   WisdomTree Trust


Financial Highlights

WisdomTree Trust

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

 

 

WisdomTree U.S. Dividend
ex-Financials Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 64.64      $ 85.52      $ 84.43      $ 82.50      $ 75.41  

Investment operations:

 

Net investment income1

     2.67        3.11        3.06        2.73        2.52  

Net realized and unrealized gain (loss)

     29.49        (20.83      1.05        1.96        7.31  

Total from investment operations

     32.16        (17.72      4.11        4.69        9.83  

Dividends and distributions to shareholders:

 

Net investment income

     (2.65      (3.16      (2.96      (2.76      (2.69

Capital gains

                   (0.06              

Tax return of capital

                                 (0.05

Total dividends and distributions to shareholders

     (2.65      (3.16      (3.02      (2.76      (2.74

Net asset value, end of year

   $ 94.15      $ 64.64      $ 85.52      $ 84.43      $ 82.50  

TOTAL RETURN2

     50.69      (21.49 )%       4.99      5.71      13.27

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 555,491      $ 543,010      $ 791,069      $ 810,510      $ 903,352  

Ratios to average net assets3 of:

 

Expenses4

     0.38      0.38      0.38      0.38      0.38

Net investment income

     3.40      3.61      3.57      3.22      3.21

Portfolio turnover rate5

     47      46      32      34      33

 

           
WisdomTree U.S. ESG Fund    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 20206
     For the
Year Ended
March 31, 20196
     For the
Year Ended
March 31, 20186,7
     For the
Year Ended
March 31, 20176,7
 

Net asset value, beginning of year

   $ 27.48      $ 32.29      $ 31.09      $ 27.89      $ 23.83  

Investment operations:

 

Net investment income1

     0.47        0.64        0.60        0.53        0.48  

Net realized and unrealized gain (loss)

     16.16        (4.62      1.29        3.17        4.10  

Total from investment operations

     16.63        (3.98      1.89        3.70        4.58  

Dividends and distributions to shareholders:

 

Net investment income

     (0.47      (0.83      (0.69      (0.50      (0.51

Tax return of capital

                                 (0.01

Total dividends and distributions to shareholders

     (0.47      (0.83      (0.69      (0.50      (0.52

Net asset value, end of year

   $ 43.64      $ 27.48      $ 32.29      $ 31.09      $ 27.89  

TOTAL RETURN2

     60.80      (12.73 )%       6.34      13.31      19.39

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 88,374      $ 72,824      $ 113,025      $ 69,946      $ 62,755  

Ratios to average net assets of:

 

Expenses

     0.28      0.28      0.28      0.28      0.28

Net investment income

     1.29      1.90      1.89      1.75      1.87

Portfolio turnover rate5

     78      56      22      22      19
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. Dividend ex-Financials Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6 

The information reflects the investment objective and strategy of the WisdomTree U.S. Total Market Fund through March 16, 2020 and the investment objective and strategy of the WisdomTree U.S. ESG Fund thereafter.

 

7 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

See Notes to Financial Statements.

 

WisdomTree Trust      109  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. High Dividend Fund   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

  $ 56.58     $ 72.49     $ 68.11     $ 68.48     $ 63.29  

Investment operations:

 

Net investment income1

    2.71       2.65       2.49       2.21       2.10  

Net realized and unrealized gain (loss)

    19.94       (15.81     4.28       (0.34     5.39  

Total from investment operations

    22.65       (13.16     6.77       1.87       7.49  

Dividends to shareholders:

 

Net investment income

    (2.97     (2.75     (2.39     (2.24     (2.30

Net asset value, end of year

  $ 76.26     $ 56.58     $ 72.49     $ 68.11     $ 68.48  

TOTAL RETURN2

    40.97     (18.99 )%      10.15     2.69     12.02

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 774,034     $ 678,935     $ 953,276     $ 1,035,295     $ 1,263,368  

Ratios to average net assets3 of:

 

Expenses4

    0.38     0.38     0.38     0.38 %5      0.38 %5 

Net investment income

    4.13     3.63     3.55     3.17     3.17

Portfolio turnover rate6

    43     39     20     17     23

 

           
WisdomTree U.S. LargeCap Dividend Fund   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

  $ 80.95     $ 94.21     $ 88.49     $ 82.92     $ 73.42  

Investment operations:

 

Net investment income1

    2.72       2.72       2.54       2.22       2.04  

Net realized and unrealized gain (loss)

    33.57       (13.27     5.66       5.57       9.63  

Total from investment operations

    36.29       (10.55     8.20       7.79       11.67  

Dividends to shareholders:

 

Net investment income

    (2.70     (2.71     (2.48     (2.22     (2.17

Net asset value, end of year

  $ 114.54     $ 80.95     $ 94.21     $ 88.49     $ 82.92  

TOTAL RETURN2

    45.40     (11.62 )%      9.44     9.44     16.13

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 2,823,467     $ 1,849,693     $ 2,034,965     $ 1,933,552     $ 1,940,332  

Ratios to average net assets3 of:

 

Expenses4

    0.28     0.28     0.28     0.28     0.28

Net investment income

    2.73     2.76     2.79     2.54     2.63

Portfolio turnover rate6

    20     13     11     10     11
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

6 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

110   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. LargeCap Fund   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 20181
    For the
Year Ended
March 31, 20171
 

Net asset value, beginning of year

  $ 28.10     $ 31.77     $ 30.30     $ 27.14     $ 23.22  

Investment operations:

 

Net investment income2

    0.73       0.73       0.60       0.53       0.48  

Net realized and unrealized gain (loss)

    15.19       (3.72     1.46       3.11       3.95  

Total from investment operations

    15.92       (2.99     2.06       3.64       4.43  

Dividends to shareholders:

 

Net investment income

    (0.73     (0.68     (0.59     (0.48     (0.51

Net asset value, end of year

  $ 43.29     $ 28.10     $ 31.77     $ 30.30     $ 27.14  

TOTAL RETURN3

    57.11     (9.65 )%      6.93     13.49     19.31

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 510,794     $ 341,423     $ 239,851     $ 184,813     $ 130,254  

Ratios to average net assets4 of:

 

Expenses

    0.08     0.08 %5      0.28 %5      0.28 %5      0.28

Net investment income

    2.00     2.16     1.94     1.80     1.94

Portfolio turnover rate6

    21     22     14     17     19

 

           
WisdomTree U.S. MidCap Dividend Fund   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 20181
    For the
Year Ended
March 31, 20171
 

Net asset value, beginning of year

  $ 24.19     $ 35.76     $ 34.11     $ 32.50     $ 28.69  

Investment operations:

 

Net investment income2

    0.80       1.01       0.82       0.76       0.78  

Net realized and unrealized gain (loss)

    16.24       (11.56     1.61       1.59       3.89  

Total from investment operations

    17.04       (10.55     2.43       2.35       4.67  

Dividends to shareholders:

 

Net investment income

    (0.83     (1.02     (0.78     (0.74     (0.86

Net asset value, end of year

  $ 40.40     $ 24.19     $ 35.76     $ 34.11     $ 32.50  

TOTAL RETURN3

    71.52     (30.28 )%      7.21     7.30     16.52

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 2,904,494     $ 2,485,261     $ 3,733,683     $ 3,064,477     $ 2,822,559  

Ratios to average net assets4 of:

 

Expenses5

    0.38     0.38     0.38     0.38 %7      0.38 %7 

Net investment income

    2.55     2.84     2.34     2.26     2.56

Portfolio turnover rate6

    57     33     27     27     33
1 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

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

 

5 

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

 

6 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

7 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      111  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. MidCap Fund    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 20171
 

Net asset value, beginning of year

   $ 26.44      $ 39.30      $ 38.63      $ 35.25      $ 30.07  

Investment operations:

 

Net investment income2

     0.56        0.62        0.53        0.47        0.50  

Net realized and unrealized gain (loss)

     24.45        (12.83      0.68        3.32        5.25  

Total from investment operations

     25.01        (12.21      1.21        3.79        5.75  

Dividends and distributions to shareholders:

 

Net investment income

     (0.59      (0.65      (0.54      (0.41      (0.54

Tax return of capital

                                 (0.03

Total dividends and distributions to shareholders

     (0.59      (0.65      (0.54      (0.41      (0.57

Net asset value, end of year

   $ 50.86      $ 26.44      $ 39.30      $ 38.63      $ 35.25  

TOTAL RETURN3

     95.30      (31.45 )%       3.22      10.77 %4       19.31

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 706,997      $ 560,609      $ 1,098,311      $ 1,035,164      $ 794,832  

Ratios to average net assets5 of:

 

Expenses6

     0.38      0.38      0.38      0.38      0.38

Net investment income

     1.49      1.58      1.34      1.25      1.54

Portfolio turnover rate7

     50      41      36      45      42

 

           
WisdomTree U.S. Multifactor Fund          For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the Period
June 29, 2017*
through
March 31, 2018
 

Net asset value, beginning of period

        $ 24.58      $ 28.98      $ 27.91      $ 24.75  

Investment operations:

 

Net investment income2

        0.39        0.59        0.47        0.34  

Net realized and unrealized gain (loss)

          13.26        (4.43      0.97        3.09  

Total from investment operations

          13.65        (3.84      1.44        3.43  

Dividends to shareholders:

 

Net investment income

          (0.40      (0.56      (0.37      (0.27

Net asset value, end of period

        $ 37.83      $ 24.58      $ 28.98      $ 27.91  

TOTAL RETURN3

          55.76      (13.43 )%       5.25      13.90

RATIOS/SUPPLEMENTAL DATA:

 

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

      $ 148,490      $ 141,308      $ 114,481      $ 5,582  

Ratios to average net assets of:

 

Expenses

        0.28      0.28 %5,6       0.28 %5,6       0.28 %8 

Net investment income

          1.21      1.94 %5       1.65 %5       1.66 %8 

Portfolio turnover rate7

          147      145      179      143
* 

Commencement of operations.

 

1 

Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

5 

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

 

6 

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

 

7 

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

 

8 

Annualized.

 

See Notes to Financial Statements.

 

112   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. Quality Dividend
Growth Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 38.85      $ 43.04      $ 40.32      $ 35.45      $ 31.25  

Investment operations:

 

Net investment income1

     1.07        1.09        0.97        0.78        0.73  

Net realized and unrealized gain (loss)

     18.27        (4.21      2.71        4.84        4.20  

Total from investment operations

     19.34        (3.12      3.68        5.62        4.93  

Dividends and distributions to shareholders:

 

Net investment income

     (1.05      (1.07      (0.93      (0.75      (0.73

Capital gains

                   (0.03              

Total dividends and distributions to shareholders

     (1.05      (1.07      (0.96      (0.75      (0.73

Net asset value, end of year

   $ 57.14      $ 38.85      $ 43.04      $ 40.32      $ 35.45  

TOTAL RETURN2

     50.24      (7.52 )%       9.25      15.95 %3       15.99

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 5,576,647      $ 2,723,483      $ 2,780,361      $ 2,064,305      $ 1,290,417  

Ratios to average net assets of:

 

Expenses

     0.28      0.28      0.28      0.28      0.28

Net investment income

     2.15      2.43      2.33      1.99      2.22

Portfolio turnover rate4

     30      41      29      29      29

 

           
WisdomTree U.S. Quality
Shareholder Yield Fund
   For the
Year Ended
March 31, 2021^
     For the
Year Ended
March 31, 2020^
     For the
Year Ended
March 31, 2019^
     For the
Year Ended
March 31, 2018^,5
     For the
Year Ended
March 31, 2017^,5
 

Net asset value, beginning of year

   $ 32.52      $ 42.35      $ 40.43      $ 35.13      $ 31.38  

Investment operations:

 

Net investment income1

     0.76        0.76        0.72        0.57        0.46  

Net realized and unrealized gain (loss)

     23.79        (9.88      1.94        5.30        3.78  

Total from investment operations

     24.55        (9.12      2.66        5.87        4.24  

Dividends to shareholders:

 

Net investment income

     (0.88      (0.71      (0.74      (0.57      (0.49

Net asset value, end of year

   $ 56.19      $ 32.52      $ 42.35      $ 40.43      $ 35.13  

TOTAL RETURN2

     76.07      (21.86 )%       6.70      16.77      13.61

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 58,441      $ 61,795      $ 38,113      $ 44,466      $ 59,718  

Ratios to average net assets of:

 

Expenses

     0.38      0.38      0.38      0.38 %6,7       0.38 %6 

Net investment income

     1.76      1.75      1.73      1.48 %6       1.42 %6 

Portfolio turnover rate4

     59      101      54      82      106
^ 

Updated to reflect the effect of a 2-for-1 stock split on June 10, 2021 (Note 8).

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. Quality Shareholder Yield Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

4 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

5 

The information reflects the investment objective and strategy of the WisdomTree U.S. LargeCap Value Fund through December 17, 2017 and the investment objective and strategy of the WisdomTree U.S. Quality Shareholder Yield Fund thereafter.

 

6 

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

 

7 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      113  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree U.S. SmallCap Dividend Fund   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 20181
    For the
Year Ended
March 31, 20171
 

Net asset value, beginning of year

  $ 18.11     $ 27.54     $ 27.43     $ 26.88     $ 22.91  

Investment operations:

 

Net investment income2

    0.66       0.79       0.82       0.81       0.70  

Net realized and unrealized gain (loss)

    12.99       (9.40     0.08       0.53       4.09  

Total from investment operations

    13.65       (8.61     0.90       1.34       4.79  

Dividends to shareholders:

 

Net investment income

    (0.67     (0.82     (0.79     (0.79     (0.82

Net asset value, end of year

  $ 31.09     $ 18.11     $ 27.54     $ 27.43     $ 26.88  

TOTAL RETURN3

    76.76     (32.22 )%      3.25     5.02 %4      21.21

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 1,829,823     $ 1,316,919     $ 2,087,705     $ 1,965,277     $ 1,975,473  

Ratios to average net assets5 of:

 

Expenses6

    0.38     0.38     0.38     0.38     0.38

Net investment income

    2.78     2.94     2.91     2.93     2.75

Portfolio turnover rate7

    53     50     26     36     44

 

           
WisdomTree U.S. SmallCap Fund   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 20178
 

Net asset value, beginning of year

  $ 22.38     $ 36.08     $ 35.70     $ 32.16     $ 25.69  

Investment operations:

 

Net investment income2

    0.44       0.51       0.58       0.37       0.31  

Net realized and unrealized gain (loss)

    24.85       (13.66     0.38       3.51       6.53  

Total from investment operations

    25.29       (13.15     0.96       3.88       6.84  

Dividends to shareholders:

 

Net investment income

    (0.44     (0.55     (0.58     (0.34     (0.37

Net asset value, end of year

  $ 47.23     $ 22.38     $ 36.08     $ 35.70     $ 32.16  

TOTAL RETURN3

    113.74     (36.87 )%      2.72     12.09 %4      26.75

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 609,327     $ 419,676     $ 736,098     $ 588,999     $ 490,370  

Ratios to average net assets5 of:

 

Expenses6

    0.38     0.38     0.38     0.38     0.38

Net investment income

    1.33     1.45     1.56     1.08     1.06

Portfolio turnover rate7

    56     55     45     48     51
1 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

5 

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

 

6 

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

 

7 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

8 

Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017.

 

See Notes to Financial Statements.

 

114   WisdomTree Trust


Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree U.S. SmallCap Quality Dividend
Growth Fund
  For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

  $ 25.02     $ 34.70     $ 34.26     $ 33.06     $ 28.17  

Investment operations:

 

Net investment income1

    0.94       0.80       0.88       0.76       0.74  

Net realized and unrealized gain (loss)

    20.92       (9.68     0.41       1.21       4.87  

Total from investment operations

    21.86       (8.88     1.29       1.97       5.61  

Dividends to shareholders:

 

Net investment income

    (0.92     (0.80     (0.85     (0.77     (0.72

Net asset value, end of year

  $ 45.96     $ 25.02     $ 34.70     $ 34.26     $ 33.06  

TOTAL RETURN2

    88.65     (26.22 )%      3.81     5.97     20.12

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 187,733     $ 73,802     $ 119,699     $ 101,060     $ 102,498  

Ratios to average net assets of:

 

Expenses

    0.38     0.38     0.38     0.38     0.38

Net investment income

    2.67     2.29     2.47     2.24     2.35

Portfolio turnover rate3

    83     51     42     51     56

 

           
WisdomTree U.S. Total Dividend Fund   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

  $ 78.39     $ 94.61     $ 89.11     $ 84.04     $ 74.24  

Investment operations:

 

Net investment income1

    2.65       2.76       2.56       2.27       2.07  

Net realized and unrealized gain (loss)

    34.59       (16.24     5.41       5.05       9.97  

Total from investment operations

    37.24       (13.48     7.97       7.32       12.04  

Dividends to shareholders:

 

Net investment income

    (2.66     (2.74     (2.47     (2.25     (2.24

Net asset value, end of year

  $ 112.97     $ 78.39     $ 94.61     $ 89.11     $ 84.04  

TOTAL RETURN2

    48.15     (14.75 )%      9.10     8.76 %4      16.47

RATIOS/SUPPLEMENTAL DATA:

 

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

  $ 875,531     $ 634,956     $ 648,103     $ 579,232     $ 571,504  

Ratios to average net assets of:

 

Expenses

    0.28     0.28 %5,6      0.28 %5,6      0.28 %5,6,7      0.28 %5,6,7 

Net investment income

    2.73     2.82 %5      2.78 %5      2.56 %5      2.63 %5 

Portfolio turnover rate3

    22     16     11     11     12
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. Total Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

4 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

5 

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

 

6 

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

 

7 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      115  


Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

WisdomTree U.S. Dividend ex-Financials Fund (“U.S. Dividend ex-Financials Fund’’)

     June 16, 2006  

WisdomTree U.S. ESG Fund (“U.S. ESG Fund’’)

     February 23, 2007  

WisdomTree U.S. High Dividend Fund (“U.S. High Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. LargeCap Dividend Fund (“U.S. LargeCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. LargeCap Fund (“U.S. LargeCap Fund’’)

     February 23, 2007  

WisdomTree U.S. MidCap Dividend Fund (“U.S. MidCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. MidCap Fund (“U.S. MidCap Fund’’)

     February 23, 2007  

WisdomTree U.S. Multifactor Fund (“U.S. Multifactor Fund’’)

     June 29, 2017  

WisdomTree U.S. Quality Dividend Growth Fund (“U.S. Quality Dividend Growth Fund’’)

     May 22, 2013  

WisdomTree U.S. Quality Shareholder Yield Fund (“U.S. Quality Shareholder Yield Fund’’)

     February 23, 2007  

WisdomTree U.S. SmallCap Dividend Fund (“U.S. SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. SmallCap Fund (“U.S. SmallCap Fund’’)

     February 23, 2007  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (“U.S. SmallCap Quality Dividend Growth Fund’’)

     July 25, 2013  

WisdomTree U.S. Total Dividend Fund (“U.S. Total Dividend Fund’’)

     June 16, 2006  

Each Fund, except the U.S. ESG Fund and U.S. Quality Shareholder Yield Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). The U.S. ESG Fund is actively managed using a model-based approach seeking capital appreciation. The U.S. Quality Shareholder Yield Fund is actively managed using a model-based approach seeking income and capital appreciation. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g., broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including

 

116   WisdomTree Trust


Notes to Financial Statements (continued)

 

preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange.

Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade.

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

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Pricing Committee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

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

prepayment speeds, credit risk, etc.)

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

investments)

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

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

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

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves,

 

WisdomTree Trust      117  


Notes to Financial Statements (continued)

 

prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the fiscal year ended March 31, 2021, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. All of the derivative instruments disclosed and described herein are subject to risk.

For the fiscal year ended March 31, 2021, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

   
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
 

U.S. Multifactor Fund

 

Equity contracts

   $ 48,189  
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Equity contracts

   Net realized gain (loss) from futures contracts

During the fiscal year ended March 31, 2021, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each applicable Fund was as follows:

 

   
     Average Notional  
Fund   

Futures

contracts

(long)

 

U.S. Multifactor Fund

  

Equity contracts1

   $ 414,201  
  1 

The volume of derivative activity for the period is based on intra-month balances.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

 

118   WisdomTree Trust


Notes to Financial Statements (continued)

 

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Futures Contracts — The U.S. Multifactor Fund utilized equity futures contracts on a temporary basis during the fiscal period to obtain market exposure consistent with its investment objective. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts, variation margin payments may be made or received when the futures contract expires. Variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

As of March 31, 2021, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend income. The borrower pays to the Funds an amount equal to any dividends received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending

 

WisdomTree Trust      119  


Notes to Financial Statements (continued)

 

agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to the Lending Agreement or similar arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at March 31, 2021, are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2021, certain of the Funds had securities on loan and the value of the related collateral received by each of those Funds exceeded the value of the securities loaned by each of those Funds. The value of the securities loaned by each Fund is located in the Statements of Assets and Liabilities in “Investments in securities, at value” and also in the footnotes below the Schedules of Investments. In addition, a breakout of the total amount of cash and non-cash securities lending collateral received is located in the footnotes below the Schedules of Investments.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

 

120   WisdomTree Trust


Notes to Financial Statements (continued)

 

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

U.S. Dividend ex-Financials Fund

     0.38

U.S. ESG Fund

     0.28

U.S. High Dividend Fund

     0.38

U.S. LargeCap Dividend Fund

     0.28

U.S. LargeCap Fund

     0.08

U.S. MidCap Dividend Fund

     0.38

U.S. MidCap Fund

     0.38

U.S. Multifactor Fund

     0.28

U.S. Quality Dividend Growth Fund

     0.28

U.S. Quality Shareholder Yield Fund

     0.38

U.S. SmallCap Dividend Fund

     0.38

U.S. SmallCap Fund

     0.38

U.S. SmallCap Quality Dividend Growth Fund

     0.38

U.S. Total Dividend Fund

     0.28

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the year ended March 31, 2021, as applicable, are included in an ‘‘Investment in Affiliates’’ supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFE (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.

During the fiscal year ended March 31, 2021, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2021, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/(Loss)
 

U.S. Dividend ex-Financials Fund

   $ 33,917,555      $ 24,123,416      $ 791,152  

U.S. High Dividend Fund

     47,672,928        42,116,970        3,591,630  

U.S. LargeCap Dividend Fund

     134,419,253        22,581,565        (246,831

U.S. LargeCap Fund

     26,809,495        6,019,874        (874,733

U.S. MidCap Dividend Fund

     370,311,228        131,760,150        3,666,341  

U.S. MidCap Fund

     83,950,276        79,081,960        5,889,677  

U.S. Quality Dividend Growth Fund

     79,697,957        150,418,970        (1,359,117

U.S. Quality Shareholder Yield Fund

     9,319,865        9,586,289        (297,867

 

WisdomTree Trust      121  


Notes to Financial Statements (continued)

 

       
Fund    Purchases      Sales      Net Realized
Gain/(Loss)
 

U.S. SmallCap Dividend Fund

   $ 67,389,152      $ 334,688,221      $ 90,685,514  

U.S. SmallCap Fund

     21,385,459        68,049,788        13,010,296  

U.S. SmallCap Quality Dividend Growth Fund

     12,352,251        41,379,346        6,433,226  

U.S. Total Dividend Fund

     36,594,675        13,936,783        (172,963

WTAM and/or WisdomTree Investments (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2021, WT held shares of and received distributions from the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

       
Fund    Fund Shares
held by WT
     Market Value of
Fund Shares
held by WT
     Dividends and
Distributions
paid to WT on
Fund Shares
held by WT
 

U.S. LargeCap Dividend Fund

          $      $ 15  

U.S. LargeCap Fund

     2,094        90,776        1,198  

U.S. MidCap Dividend Fund

     440        17,785        439  

U.S. MidCap Fund

     25        1,273         

U.S. Multifactor Fund

     1,225        46,379        411  

U.S. Quality Dividend Growth Fund

     773        44,208        541  

U.S. SmallCap Dividend Fund

                   3  

U.S. SmallCap Fund

     58        2,748        11  

U.S. SmallCap Quality Dividend Growth Fund

     425        19,567        339  

U.S. Total Dividend Fund

     244        27,582        519  

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2021, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2021 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

U.S. Dividend ex-Financials Fund

   $ 251,706,736      $ 248,822,904      $ 3,072,175      $ 189,226,497  

U.S. ESG Fund

     62,420,935        62,392,508        17,063,213        38,406,599  

U.S. High Dividend Fund

     313,840,128        314,576,835        16,581,458        139,307,224  

U.S. LargeCap Dividend Fund

     462,993,899        460,144,343        293,699,403        115,969,879  

U.S. LargeCap Fund

     88,322,331        86,387,735        64,760,000        73,114,521  

U.S. MidCap Dividend Fund

     1,487,453,359        1,475,347,596        49,229,420        969,729,563  

U.S. MidCap Fund

     293,777,840        291,675,677        11,220,681        250,389,783  

U.S. Multifactor Fund

     206,159,829        205,942,566        28,068,805        82,541,019  

U.S. Quality Dividend Growth Fund

     1,300,851,927        1,288,012,685        2,278,776,999        957,664,872  

U.S. Quality Shareholder Yield Fund

     34,350,261        34,308,749        23,479,507        59,369,493  

 

122   WisdomTree Trust


Notes to Financial Statements (continued)

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

U.S. SmallCap Dividend Fund

   $ 786,718,308      $ 772,477,211      $ 43,732,330      $ 329,162,179  

U.S. SmallCap Fund

     246,328,413        245,566,134        74,282,959        214,907,220  

U.S. SmallCap Quality Dividend Growth Fund

     96,324,046        96,118,193        67,544,763        22,802,790  

U.S. Total Dividend Fund

     169,358,076        167,459,506        35,119,815        64,636,891  

6. FEDERAL INCOME TAXES

At March 31, 2021, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

         
Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation
 

U.S. Dividend ex-Financials Fund

   $ 481,877,216      $ 80,458,101      $ (7,485,800    $ 72,972,301  

U.S. ESG Fund

     65,825,030        23,181,587        (646,283      22,535,304  

U.S. High Dividend Fund

     703,125,063        78,738,044        (10,471,952      68,266,092  

U.S. LargeCap Dividend Fund

     2,027,350,543        816,803,080        (21,841,737      794,961,343  

U.S. LargeCap Fund

     404,013,994        110,164,534        (3,341,604      106,822,930  

U.S. MidCap Dividend Fund

     2,427,981,978        501,832,760        (20,249,704      481,583,056  

U.S. MidCap Fund

     576,669,915        141,408,007        (6,562,292      134,845,715  

U.S. Multifactor Fund

     129,745,080        21,362,140        (2,174,978      19,187,162  

U.S. Quality Dividend Growth Fund

     4,458,402,031        1,135,645,127        (26,797,716      1,108,847,411  

U.S. Quality Shareholder Yield Fund

     50,456,988        8,972,584        (370,078      8,602,506  

U.S. SmallCap Dividend Fund

     1,584,586,499        308,713,194        (25,960,302      282,752,892  

U.S. SmallCap Fund

     504,537,067        119,156,621        (8,207,936      110,948,685  

U.S. SmallCap Quality Dividend Growth Fund

     157,384,401        32,193,249        (1,132,724      31,060,525  

U.S. Total Dividend Fund

     633,131,038        246,369,739        (5,204,501      241,165,238  

At March 31, 2021, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

         
Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation
     Total Distributable
Earnings (Loss)
 

U.S. Dividend ex-Financials Fund

   $ 772,808      $ (90,691,217    $ 72,972,301      $ (16,946,108

U.S. ESG Fund

     28,910        (8,034,939      22,535,304        14,529,275  

U.S. High Dividend Fund

            (97,047,081      68,266,092        (28,780,989

U.S. LargeCap Dividend Fund

     1,854,004        (151,597,721      794,961,343        645,217,626  

U.S. LargeCap Fund

     189,652        (21,291,942      106,822,930        85,720,640  

U.S. MidCap Dividend Fund

     2,225,981        (351,953,305      481,583,056        131,855,732  

U.S. MidCap Fund

     292,881        (77,013,627      134,845,715        58,124,969  

U.S. Multifactor Fund

     35,781        (19,872,335      19,187,162        (649,392

U.S. Quality Dividend Growth Fund

     4,402,706        (239,187,338      1,108,847,411        874,062,779  

U.S. Quality Shareholder Yield Fund

     29,943        (5,105,517      8,602,506        3,526,932  

U.S. SmallCap Dividend Fund

     157,120        (333,038,772      282,752,892        (50,128,760

U.S. SmallCap Fund

     235,660        (68,446,385      110,948,685        42,737,960  

U.S. SmallCap Quality Dividend Growth Fund

     134,416        (18,195,528      31,060,525        12,999,413  

U.S. Total Dividend Fund

     627,544        (67,579,740      241,165,238        174,213,042  

The tax character of distributions paid during the fiscal years ended March 31, 2021 and March 31, 2020, was as follows:

 

     
     Year Ended March 31, 2021      Year Ended March 31, 2020  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
 

U.S. Dividend ex-Financials Fund

   $ 17,898,781      $ 28,605,928  

U.S. ESG Fund

     1,018,751        2,196,268  

U.S. High Dividend Fund

     32,948,834        35,182,638  

 

WisdomTree Trust      123  


Notes to Financial Statements (continued)

 

     
     Year Ended March 31, 2021      Year Ended March 31, 2020  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
 

U.S. LargeCap Dividend Fund

   $ 64,521,145      $ 60,470,137  

U.S. LargeCap Fund

     8,454,532        6,827,555  

U.S. MidCap Dividend Fund

     69,319,287        110,075,200  

U.S. MidCap Fund

     8,770,455        17,560,711  

U.S. Multifactor Fund

     1,705,277        2,826,270  

U.S. Quality Dividend Growth Fund

     90,898,526        69,826,053  

U.S. Quality Shareholder Yield Fund

     1,059,051        764,994  

U.S. SmallCap Dividend Fund

     41,528,464        63,284,313  

U.S. SmallCap Fund

     5,647,946        11,592,685  

U.S. SmallCap Quality Dividend Growth Fund

     3,076,752        2,702,894  

U.S. Total Dividend Fund

     20,745,554        20,435,251  
  *

Includes short-term capital gains, if any.

At March 31, 2021, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term      Long-Term      Capital Loss
Available Total
 

U.S. Dividend ex-Financials Fund

   $ 29,824,876      $ 60,866,341      $ 90,691,217  

U.S. ESG Fund

     3,113,445        4,921,494        8,034,939  

U.S. High Dividend Fund

     18,149,397        78,897,684        97,047,081  

U.S. LargeCap Dividend Fund

     17,010,472        134,587,249        151,597,721  

U.S. LargeCap Fund

     7,509,512        13,782,430        21,291,942  

U.S. MidCap Dividend Fund

     148,029,558        203,923,747        351,953,305  

U.S. MidCap Fund

     31,238,067        45,775,560        77,013,627  

U.S. Multifactor Fund

     18,649,258        1,223,077        19,872,335  

U.S. Quality Dividend Growth Fund

     125,637,447        113,549,891        239,187,338  

U.S. Quality Shareholder Yield Fund

     3,563,534        1,541,983        5,105,517  

U.S. SmallCap Dividend Fund

     61,830,379        271,208,393        333,038,772  

U.S. SmallCap Fund

     18,984,016        49,462,369        68,446,385  

U.S. SmallCap Quality Dividend Growth Fund

     4,102,806        14,092,722        18,195,528  

U.S. Total Dividend Fund

     20,758,610        46,821,130        67,579,740  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. At March 31, 2021, the Funds did not have any post-October capital losses or late year ordinary losses to defer.

During the fiscal year ended March 31, 2021, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

   
Fund    Utilized
Capital Loss
Carryforward
 

U.S. Dividend ex-Financials Fund

   $  

U.S. ESG Fund

      

U.S. High Dividend Fund

      

U.S. LargeCap Dividend Fund

      

U.S. LargeCap Fund

      

U.S. MidCap Dividend Fund

      

U.S. MidCap Fund

     27,544,803  

U.S. Multifactor Fund

     6,034,117  

 

124   WisdomTree Trust


Notes to Financial Statements (continued)

 

   
Fund    Utilized
Capital Loss
Carryforward
 

U.S. Quality Dividend Growth Fund

   $  

U.S. Quality Shareholder Yield Fund

      

U.S. SmallCap Dividend Fund

      

U.S. SmallCap Fund

      

U.S. SmallCap Quality Dividend Growth Fund

     450,658  

U.S. Total Dividend Fund

      

At March 31, 2021, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

     
Fund    Total
Distributable
Earnings (Loss)
     Paid-in Capital  

U.S. Dividend ex-Financials Fund

   $ (4,131,175    $ 4,131,175  

U.S. ESG Fund

     (11,951,467      11,951,467  

U.S. High Dividend Fund

     (11,958,012      11,958,012  

U.S. LargeCap Dividend Fund

     (42,635,496      42,635,496  

U.S. LargeCap Fund

     (26,170,015      26,170,015  

U.S. MidCap Dividend Fund

     (103,295,285      103,295,285  

U.S. MidCap Fund

     14,565,081        (14,565,081

U.S. Multifactor Fund

     (14,020,722      14,020,722  

U.S. Quality Dividend Growth Fund

     (377,723,955      377,723,955  

U.S. Quality Shareholder Yield Fund

     (10,567,725      10,567,725  

U.S. SmallCap Dividend Fund

     (36,382,041      36,382,041  

U.S. SmallCap Fund

     36,988,122        (36,988,122

U.S. SmallCap Quality Dividend Growth Fund

     (8,078,139      8,078,139  

U.S. Total Dividend Fund

     (27,654,028      27,654,028  

These differences are primarily due to redemptions-in-kind and distributions in excess of current earnings.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign withholding taxes, as applicable, are accrued based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Foreign withholding taxes are accrued and applied to foreign income as the foreign income is earned. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Dividend Income”. As of and during the fiscal year ended March 31, 2021, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2021, remains subject to examination by taxing authorities.

7. LEGAL MATTER

The U.S. SmallCap Dividend Fund and U.S. SmallCap Fund (the “Affected Funds”), along with many other former shareholders of The Jones Group Inc. (“Jones Group”), were named as defendants in one or more lawsuits (the “Litigation”) arising out of transactions consummated by Jones Group in April 2014 (“2014 transactions”). The Litigation seeks to “claw back” from former Jones Group shareholders, including the Affected Funds, proceeds received in connection with the 2014 transactions. The U.S. SmallCap Dividend Fund and U.S. SmallCap Fund received proceeds from the 2014 transactions in the amount of $1,647,765 and $274,245, respectively. In August 2020, the bankruptcy judge of the U.S. Bankruptcy Court in New York dismissed the lawsuit with prejudice, although plaintiffs have filed an appeal and the ultimate outcome is unknown at this time.

8. SUBSEQUENT EVENT

On May 25, 2021, at the recommendation of WTAM, the investment adviser of the U.S. Quality Shareholder Yield Fund, the Board of Trustees considered, and approved, a 2-for-1 stock split of the U.S. Quality Shareholder Yield Fund’s outstanding shares. The total outstanding shares of the U.S. Quality Shareholder Yield Fund split on a 2-for-1 basis on June 10, 2021. The impact of the stock split

 

WisdomTree Trust      125  


Notes to Financial Statements (concluded)

 

increased the number of shares outstanding by a factor of two, while decreasing the NAV per share and market price per share by a factor of two, resulting in no effect on the U.S. Quality Shareholder Yield Fund’s net assets or on the total value of a shareholder’s investment. The shares outstanding, NAV per share and other per share information have been updated in the accompanying financial statements and financial highlights to reflect the effect of the stock split.

9. ADDITIONAL INFORMATION

The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally for over a year, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took aggressive measures, including businesses canceling dividends to preserve cash, governments closing borders, restricting international and domestic travel, and the imposition of prolonged quarantines of large populations. COVID-19 has resulted in the disruption of and delays in the delivery of healthcare services and processes, the cancellation of organized events and educational institutions, the disruption of production and supply chains, a decline in consumer demand for certain goods and services, and general concern and uncertainty, all of which have contributed to increased volatility in global markets. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends, including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.

The effects of COVID-19 have affected and are likely to continue to affect certain sectors and industries more dramatically than others, and the effects borne by some will negatively affect the value of the issuers in those sectors and industries, which may adversely affect the value of a Fund’s investments in those sectors or industries. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.

COVID-19, and other epidemics and pandemics that may arise in the future, could adversely affect the economies of many nations, the global economy, individual companies and capital markets in ways that cannot be foreseen at the present time. In addition, the impact of infectious diseases in developing or emerging market countries may be greater due to limited health care resources, including access to COVID-19 vaccinations and treatments. Political, economic and social stresses caused by COVID-19 also may exacerbate other pre-existing political, social and economic risks in certain countries. The duration of COVID-19 and its effects cannot be determined fully at this time, but the effects could be present for an extended period of time. It is impossible to predict the effects on the Funds of these or similar events and market conditions in the future. However, it is possible that these or similar events and market conditions could have a significant and adverse effect on the NAV and/or risk profile of a Fund.

 

 

126   WisdomTree Trust


Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree U.S. Dividend ex-Financials Fund, WisdomTree U.S. ESG Fund, WisdomTree U.S. High Dividend Fund, WisdomTree U.S. LargeCap Dividend Fund, WisdomTree U.S. LargeCap Fund, WisdomTree U.S. MidCap Dividend Fund, WisdomTree U.S. MidCap Fund, WisdomTree U.S. Multifactor Fund, WisdomTree U.S. Quality Dividend Growth Fund, WisdomTree U.S. Quality Shareholder Yield Fund, WisdomTree U.S. SmallCap Dividend Fund, WisdomTree U.S. SmallCap Fund, WisdomTree U.S. SmallCap Quality Dividend Growth Fund and WisdomTree U.S. Total Dividend Fund and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree U.S. Dividend ex-Financials Fund, WisdomTree U.S. ESG Fund, WisdomTree U.S. High Dividend Fund, WisdomTree U.S. LargeCap Dividend Fund, WisdomTree U.S. LargeCap Fund, WisdomTree U.S. MidCap Dividend Fund, WisdomTree U.S. MidCap Fund, WisdomTree U.S. Multifactor Fund, WisdomTree U.S. Quality Dividend Growth Fund, WisdomTree U.S. Quality Shareholder Yield Fund, WisdomTree U.S. SmallCap Dividend Fund, WisdomTree U.S. SmallCap Fund, WisdomTree U.S. SmallCap Quality Dividend Growth Fund and WisdomTree U.S. Total Dividend Fund (collectively referred to as the “Funds”), (fourteen of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2021, and the related statements of operations and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (fourteen of the funds constituting WisdomTree Trust) at March 31, 2021, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust    Statement of
operations
   Statements of changes
in net assets
   Financial highlights

WisdomTree U.S. Dividend ex-Financials Fund

WisdomTree U.S. ESG Fund

WisdomTree U.S. High Dividend Fund

WisdomTree U.S. LargeCap Dividend Fund

WisdomTree U.S. LargeCap Fund

WisdomTree U.S. MidCap Dividend Fund

WisdomTree U.S. MidCap Fund

WisdomTree U.S. Quality Dividend Growth Fund

WisdomTree U.S. Quality Shareholder Yield Fund

WisdomTree U.S. SmallCap Dividend Fund

WisdomTree U.S. SmallCap Fund

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

WisdomTree U.S. Total Dividend Fund

   For the year ended March 31, 2021    For each of the two years in the period ended March 31, 2021    For each of the five years in the period ended March 31, 2021

WisdomTree U.S. Multifactor Fund

   For the year ended March 31, 2021    For each of the two years in the period ended March 31, 2021    For each of the three years in the period ended March 31, 2021 and the period from June 29, 2017 (commencement of operations) through March 31, 2018

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities

 

WisdomTree Trust      127  


Report of Independent Registered Public Accounting Firm (concluded)

 

owned as of March 31, 2021, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

May 26, 2021, except as to Note 8, as to which the date is July 27, 2021.

 

128   WisdomTree Trust


Liquidity Risk Management Program (unaudited)

 

Effective June 1, 2019, the Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2020 to December 31, 2020, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

WisdomTree Trust      129  


Trustees and Officers Information (unaudited)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other
Directorships
Held by Trustee
During Past
5 Years

Trustees Who Are Interested Persons of the Trust

Jonathan Steinberg
(1964)
  Trustee, 2005-present; President, 2005-present   Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019.     68     Director, WisdomTree Investments, Inc. and WisdomTree Asset Management.

Trustees Who Are Not Interested Persons of the Trust

David G. Chrencik*
(1948)
  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     68     None
Joel Goldberg**, ***
(1945)
  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     68     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro***
(1955)
  Trustee, 2006-present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     68     None

Melinda A.
Raso Kirstein****

(1955)

  Trustee, 2014-present   Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     68     Associate Alumnae of Douglass College, Chair of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor, from 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     68     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

 

130   WisdomTree Trust


Trustees and Officers Information (unaudited) (concluded)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other
Directorships
Held by Trustee
During Past
5 Years

Officers of the Trust

Jonathan
Steinberg*****

(1964)

 

President, 2005-

present; Trustee, 2005-present

  Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019.     68     None

David Castano*****

(1971)

  Treasurer, 2013-present   Head of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Director of Fund Accounting & Administration, WisdomTree Asset Management, 2011 to 2020.     68     None

Terry Jane Feld*****

(1960)

  Chief Compliance Officer, 2012-present   Chief Compliance Officer WisdomTree Asset Management since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011.     68     None

Ryan Louvar*****

(1972)

  Secretary and Chief Legal Officer, 2013-present   General Counsel, WisdomTree Asset Management since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.     68     None

Joanne Antico*****

(1975)

 

Assistant Secretary,

2018-present

  Assistant General Counsel, WisdomTree Asset Management since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     68     None

Clint Martin*****

(1977)

  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, 2012 to 2020.     68     None

 

+

As of March 31, 2021.

 

*

Chair of the Audit Committee.

 

**

Chair of the Contracts Review Committee.

 

***

Co-Chair of the Governance, Nominating and Compliance Committee.

 

****

Chair of the Investment Committee.

 

*****

Elected by and serves at the pleasure of the Board.

 

WisdomTree Trust      131  


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2021, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2022.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2021, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

U.S. Dividend ex-Financials Fund

   $ 17,898,781  

U.S. ESG Fund

     1,018,751  

U.S. High Dividend Fund

     32,094,397  

U.S. LargeCap Dividend Fund

     64,521,145  

U.S. LargeCap Fund

     8,454,532  

U.S. MidCap Dividend Fund

     69,319,287  

U.S. MidCap Fund

     8,770,455  

U.S. Multifactor Fund

     1,705,277  

U.S. Quality Dividend Growth Fund

     90,898,526  

U.S. Quality Shareholder Yield Fund

     1,059,051  

U.S. SmallCap Dividend Fund

     41,528,464  

U.S. SmallCap Fund

     5,647,946  

U.S. SmallCap Quality Dividend Growth Fund

     3,076,752  

U.S. Total Dividend Fund

     20,745,554  

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2021, that qualify for the 70% dividends received deduction for corporate shareholders:

 

   
Fund    Dividends-Received
Deduction
 

U.S. Dividend ex-Financials Fund

     100.00

U.S. ESG Fund

     100.00

U.S. High Dividend Fund

     100.00

U.S. LargeCap Dividend Fund

     100.00

U.S. LargeCap Fund

     99.99

U.S. MidCap Dividend Fund

     99.55

U.S. MidCap Fund

     100.00

U.S. Multifactor Fund

     100.00

U.S. Quality Dividend Growth Fund

     100.00

U.S. Quality Shareholder Yield Fund

     100.00

U.S. SmallCap Dividend Fund

     99.99

U.S. SmallCap Fund

     100.00

U.S. SmallCap Quality Dividend Growth Fund

     99.99

U.S. Total Dividend Fund

     100.00

 

132   WisdomTree Trust


General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

Previously, the Funds were required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Beginning in April 2019, the Funds ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

WisdomTree Trust      133  


The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing.

There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM - 4832


LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

March 31, 2021

(As updated July 27, 2021, to reflect a 2-for-1 stock split on June 10, 2021 for the WisdomTree Global ex-U.S. Quality Dividend Growth Fund)

 

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

WisdomTree Emerging Markets High Dividend Fund (DEM)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

WisdomTree Global High Dividend Fund (DEW)

WisdomTree Growth Leaders Fund (PLAT)

(formerly, WisdomTree Modern Tech Platforms Fund)

WisdomTree India Earnings Fund (EPI)

WisdomTree India ex-State-Owned Enterprises Fund (IXSE)


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       3  

Management’s Discussion of Funds’ Performance (unaudited)

       4  

Description of Terms and Indexes (unaudited)

       16  
Schedules of Investments

 

WisdomTree China ex-State-Owned Enterprises Fund

       19  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       23  

WisdomTree Emerging Markets High Dividend Fund

       30  

WisdomTree Emerging Markets Multifactor Fund

       36  

WisdomTree Emerging Markets Quality Dividend Growth Fund

       40  

WisdomTree Emerging Markets SmallCap Dividend Fund

       44  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

       54  

WisdomTree Global ex-U.S. Real Estate Fund

       59  

WisdomTree Global High Dividend Fund

       62  

WisdomTree Growth Leaders Fund

       69  

WisdomTree India Earnings Fund (consolidated)

       70  

WisdomTree India ex-State-Owned Enterprises Fund

       76  

Statements of Assets and Liabilities

       79  

Statements of Operations

       82  

Statements of Changes in Net Assets

       85  

Financial Highlights

       89  

Notes to Financial Statements

       95  

Report of Independent Registered Public Accounting Firm

       111  

Liquidity Risk Management Program (unaudited)

       113  

Trustees and Officers Information (unaudited)

       114  

Supplemental Information (unaudited)

       116  

General Information (unaudited)

       117  

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


Market Environment Overview

(unaudited)

 

Emerging market (“EM”) equities, as measured by the MSCI Emerging Markets Index, returned 52.99% in local currency terms and 58.39% in U.S. dollar terms for the 12-month fiscal year that ended March 31, 2021 (the “period”). Individual EM currencies had mixed results versus the U.S. dollar (“USD”) during the period, but broadly speaking in EM currencies, the USD weakened following the rise in long-term U.S. Treasury rates and deployment of fiscal and monetary stimulus in the latter half of the period. The spot currencies of Argentina, Turkey, and Peru further weakened by approximately 30%, 20%, and 8%, respectively, versus the USD during the period, and the spot currencies of South Africa, Chile, Mexico, Indonesia, and the Czech Republic all strengthened by 10%-20%. A confluence of factors drove these currency moves, most notably developments that stemmed from impacts from the novel coronavirus (“COVID-19”). The Argentine peso was especially hurt as the currency weakened 30% versus the USD over ongoing concerns about the country’s ability to fulfill its debt obligations.

EM equity returns were positive in the second quarter of 2020, returning 18.08% in USD and 16.74% in local currency terms. Following a historic sell-off induced by the emergence of COVID-19 in March 2020, the global markets saw a relief rally in the first few months following the market lows. While many economies were still shuttering and global supply chains were disconnected, many local governments went to work quickly to try to provide relief in the form of monetary and/or fiscal stimulus to help weather the storm. One additional negative impact that occurred during March and April was that an oil war broke out between the Organization of the Petroleum Exporting Countries, Middle Eastern, and Russian nations, which spewed over into the oil exporting world. For the first time in history, front month spot crude prices saw negative values, as massive amounts of cheap oil were supplied into the crippling world economy from feuding nations. However, in the subsequent months to follow, tensions eased, and prices began to stabilize to historically normal levels.

EM equity returns were positive in the third quarter of 2020, returning 9.56% in USD and 8.65% in local currency. During the summer months of 2020, many of the economic impacts of COVID-19 began to be reported throughout the world. To no one’s surprise, economic growth slowed in all major global economies, and signs of an economic slowdown in China was a major headwind on EM equity returns. Historical levels of unemployment began to appear in nearly every major economy. There was also a reemergence of a “second-wave” of the pandemic in terms of case and death counts around the world during the summer months. Even still, a ramp up in global fiscal and monetary stimulus continued to make its way through the system and helped continue the relief rally in emerging and global equity markets. In addition, there was some positive news developing around the vaccine front, as prominent pharmaceutical companies were reporting positive early-stage results of their vaccine candidates. China, due to its strict lockdown policies, saw its recovery take place much sooner than other world economies.

EM equity returns continued to climb by 19.70% in USD and 16.02% in local currency in the fourth quarter of 2020. In the final months of 2020, there were some major global developments as it relates to the COVID-19 pandemic. Very promising results were announced in the fall of 2020 from various drug companies about the effectiveness of their late-stage vaccine candidates. This helped to strongly support the relief/reopening rally in the world economy. Positive vaccine news sent EM equities higher as their local countries did not generally have the same infrastructure (relative to their developed world peers) in place to continue to properly treat patients with the disease. In December of 2020, the U.S. Food and Drug Administration approved the world’s first emergency use authorization for a COVID-19 vaccine. Many world drug administrations quickly followed suit, and the world began to vaccinate its citizens.

EM equities continued to climb along side global equities in the first quarter of 2021. EM equities rose in USD by 2.29% and by 3.96% in local currency terms. Much of this quarter’s positive return was experienced between January and early February 2021 before a slight sell-off in the remaining month and a half of the period. Beginning in

 

WisdomTree Trust      1  


Market Environment Overview

(unaudited) (concluded)

 

early January 2021, vaccines began to be distributed and administered throughout the world, and news of additional vaccines approved for emergency use in the U.S. also sent the global markets higher. The inauguration of the new U.S. president led to a new and more globalist administration in the White House, which also potentially helped to alleviate concerns of trade tensions between the U.S. and its various global partners. Commodity prices continued to rise and stabilize as the global economy continued to reopen, supply chains began to come back online, and months of pent-up demand began to work its way into the global economy. This resulted in calls for higher inflation potentially in the years to follow, and as a result, many sovereign debt curves saw rises in their nominal interest rates. In addition, the markets continued to see improving economic conditions in virtually all markets. For example, after posting a -6.8% gross domestic product (“GDP”) figure in Q1 2020, China reported subsequent quarterly GDP growth numbers of 3.2% (Q2 2020), 4.9% (Q3 2020), 6.5% (Q4 2020), and 18.3% (Q1 2021).

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

 

2   WisdomTree Trust


Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2020 to March 31, 2021. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      3  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    32.9%  

Communication Services

    21.2%  

Health Care

    12.3%  

Financials

    9.4%  

Industrials

    7.1%  

Information Technology

    6.6%  

Consumer Staples

    5.3%  

Real Estate

    4.0%  

Utilities

    0.7%  

Materials

    0.6%  

Energy

    0.1%  

Other Assets less Liabilities‡

    -0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    12.6%  

Alibaba Group Holding Ltd.

    7.6%  

Meituan, Class B

    5.6%  

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

    3.5%  

JD.com, Inc., ADR

    3.3%  

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

    3.1%  

Baidu, Inc., ADR

    3.0%  

NetEase, Inc., ADR

    2.3%  

Wuxi Biologics Cayman, Inc.

    2.0%  

Pinduoduo, Inc., ADR

    1.9%  
*

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

The WisdomTree China ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 68.71% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s overweight to the Consumer Discretionary sector and underweight to the Financials sector contributed the most to performance. The most significant driver of Fund performance was the exclusion of state-owned-enterprises. China was the only country to exhibit significant economic growth during 2020 despite the COVID-19 pandemic, mainly due to its ability to stem the spread of the virus early on with minimal economic impact. As a result, many cyclical economic sectors within China, such as Consumer Discretionary and Financials, performed particularly well, especially compared to cyclical sectors in areas of the world that were forced to curtail economic activity while battling the virus.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,157.50        0.32 %1    $ 1.72  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  
1 

WisdomTree Asset Management, Inc. had contractually agreed to limit the management fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the management fee was permanently reduced to 0.32%.

Performance

 

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

Fund NAV Returns

       68.71      15.02      23.75      13.43

Fund Market Price Returns

       71.82      15.12      24.26      13.48

WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index2

       69.14      14.40      23.52      13.77

MSCI China Index

       43.61      8.25      16.09      10.48

FTSE China 50 Index

       26.36      3.02      9.94      6.69
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 19, 2012.

 

2 

WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter.

 

LOGO

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

 

4   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    22.2%  

Consumer Discretionary

    21.3%  

Communication Services

    13.6%  

Financials

    12.6%  

Materials

    6.7%  

Consumer Staples

    6.3%  

Health Care

    6.3%  

Industrials

    4.6%  

Energy

    3.7%  

Real Estate

    1.8%  

Utilities

    0.9%  

Other Assets less Liabilities‡

    0.0%

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Alibaba Group Holding Ltd.

    6.6%  

Tencent Holdings Ltd.

    6.6%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    6.1%  

Samsung Electronics Co., Ltd.

    5.4%  

Meituan, Class B

    1.9%  

Naspers Ltd., Class N

    1.6%  

Reliance Industries Ltd., GDR

    1.4%  

JD.com, Inc., ADR

    1.3%  

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

    1.1%  

Infosys Ltd., ADR

    1.1%  
*

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

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in emerging market companies that are not state-owned enterprises, which is defined as government ownership of more than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 67.18% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The weakening of the U.S. dollar positively impacted Fund performance for most of the fiscal year. The Fund’s positions within the Consumer Discretionary and Financials sectors had the greatest positive impact on returns for the year, while its positions in the Consumer Staples sector impacted returns most negatively. The key overall driver of positive performance and attribution was the Fund’s exclusion of state-owned-enterprises.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,211.30        0.32 %1    $ 1.76  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  
1 

WisdomTree Asset Management, Inc. had contractually agreed to limit the management fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the management fee was permanently reduced to 0.32%.

Performance

 

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

Fund NAV Returns

       67.18      9.85      15.00      9.98

Fund Market Price Returns

       69.08      9.78      15.36      10.30

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       68.86      10.29      15.68      11.02

MSCI Emerging Markets Index

       58.39      6.48      12.07      7.62
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 10, 2014.

 

LOGO

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

 

WisdomTree Trust      5  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    27.4%  

Materials

    20.8%  

Information Technology

    15.4%  

Real Estate

    6.6%  

Utilities

    6.2%  

Energy

    6.0%  

Communication Services

    5.7%  

Consumer Staples

    4.6%  

Industrials

    4.0%  

Consumer Discretionary

    2.7%  

Health Care

    0.3%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Vale S.A.

    6.4%  

Sberbank of Russia PJSC, ADR

    5.8%  

Hon Hai Precision Industry Co., Ltd.

    4.5%  

MMC Norilsk Nickel PJSC, ADR

    3.5%  

China Construction Bank Corp., Class H

    3.1%  

Industrial & Commercial Bank of China Ltd., Class H

    2.6%  

Rosneft Oil Co. PJSC, GDR

    1.9%  

Grupo Mexico S.A.B. de C.V., Series B

    1.4%  

Tatneft PJSC, ADR

    1.4%  

Formosa Plastics Corp.

    1.3%  
*

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

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

The Fund returned 43.37% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The weakening of the U.S. dollar positively impacted total returns. The Fund’s overweight positions in Brazil and Mexico contributed the most positively to performance, whereas its overweight positions in Russia and Hong Kong contributed the least positively to performance. Additionally, the Fund’s overweight position in the Materials sector added the most to performance, whereas its overweight position in the Energy sector and underweight position in the Information Technology sector contributed the least. The Fund’s high dividend yield strategy served as a headwind for the Fund, as many high dividend yield companies that can be found in the Financials and Energy sectors added the least to relative performance.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,272.60        0.63   $ 3.57  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.79        0.63   $ 3.18  

Performance

 

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

Fund NAV Returns

       43.37      2.59      9.45      1.17

Fund Market Price Returns

       44.75      2.29      9.63      1.10

WisdomTree Emerging Markets High Dividend Index

       45.05      3.39      10.30      2.11

MSCI Emerging Markets Index

       58.39      6.48      12.07      3.65

 

LOGO

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

 

6   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.5%  

Consumer Discretionary

    14.2%  

Financials

    12.5%  

Consumer Staples

    10.3%  

Materials

    10.0%  

Communication Services

    8.8%  

Health Care

    6.9%  

Industrials

    4.6%  

Real Estate

    3.7%  

Utilities

    3.3%  

Energy

    1.3%  

Other Assets less Liabilities‡

    0.9%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.2%  

Cathay Financial Holding Co., Ltd.

    2.7%  

Tencent Holdings Ltd.

    2.6%  

Fubon Financial Holding Co., Ltd.

    2.6%  

Alibaba Group Holding Ltd., ADR

    2.5%  

Samsung Electronics Co., Ltd.

    1.8%  

Lenovo Group Ltd.

    1.5%  

Zhongsheng Group Holdings Ltd.

    1.4%  

HCL Technologies Ltd.

    1.4%  

Tech Mahindra Ltd.

    1.4%  
*

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

The WisdomTree Emerging Markets Multifactor Fund (the “Fund”) seeks capital appreciation, by investing in equity securities of emerging markets countries with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

The Fund returned 48.12% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s position in the Real Estate sector was the only additive sector allocation during the fiscal year, whereas the Fund’s positions in Communication Services, Consumer Discretionary, and Information Technology sectors were primary detractors. From a country perspective, the Fund’s positions in Korea, China, and Turkey weighed on performance the most, while its positions in Qatar and Thailand were slightly additive. Emerging markets performed well during the COVID-19 pandemic, as certain countries managed to mitigate the economic impact of the virus early on. Likewise, the reduction in global interest rates was additive for the region which helped its cyclical sectors grow despite the economic and public health headwinds imposed by the pandemic.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,201.90        0.48   $ 2.64  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       48.12      3.98

Fund Market Price Returns

       49.96      4.44

MSCI Emerging Markets Index

       58.39      10.85
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.8%  

Financials

    12.3%  

Consumer Staples

    10.6%  

Communication Services

    10.0%  

Industrials

    8.4%  

Materials

    8.2%  

Consumer Discretionary

    7.6%  

Health Care

    6.4%  

Real Estate

    4.7%  

Utilities

    4.2%  

Energy

    3.9%  

Other Assets less Liabilities‡

    -0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    5.8%  

Tencent Holdings Ltd.

    5.1%  

Samsung Electronics Co., Ltd.

    4.1%  

Infosys Ltd.

    1.1%  

Reliance Industries Ltd.

    1.0%  

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

    0.9%  

Novatek Microelectronics Corp.

    0.9%  

Kumho Petrochemical Co., Ltd.

    0.9%  

NetEase, Inc., ADR

    0.8%  

Hon Hai Precision Industry Co., Ltd.

    0.8%  
*

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

The WisdomTree Emerging Markets Quality Dividend Growth Fund (the “Fund”) seeks income and capital appreciation by investing in dividend-paying companies with growth characteristics in the emerging markets region.

The Fund returned 55.66% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund’s position in the Informational Technology sector contributed most positively to performance while its position in the Utilities sector contributed the least positively to performance. The Fund’s position in China contributed most positively to performance, while its position in Singapore contributed least positively to performance. In late 2020, China’s economic growth was able to outpace global GDP due to its containment of the pandemic and its increasing domestic demands. As such, the Fund’s performance was led by its position in China. Emerging markets in general also participated in the global recovery post the COVID-19 sell-off experienced by the global markets in Q1 2020, which led to the Fund’s high return.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,235.10        0.32 %1    $ 1.78  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  
1 

WisdomTree Asset Management, Inc. had contractually agreed to limit the management fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the management fee was permanently reduced to 0.32%.

Performance

 

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

Fund NAV Returns

       55.66      5.83      9.71      4.59

Fund Market Price Returns

       57.99      5.91      9.96      4.45

MSCI Emerging Markets Index

       58.39      6.48      12.07      6.71
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 2013.

 

LOGO

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

 

8   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    17.4%  

Financials

    13.8%  

Industrials

    13.7%  

Materials

    13.1%  

Consumer Discretionary

    9.6%  

Real Estate

    8.4%  

Utilities

    8.4%  

Consumer Staples

    7.8%  

Health Care

    3.0%  

Communication Services

    2.8%  

Energy

    1.5%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Transmissora Alianca de Energia Eletrica S.A.

    1.3%  

African Rainbow Minerals Ltd.

    1.2%  

AVI Ltd.

    0.9%  

Tisco Financial Group PCL, NVDR

    0.9%  

Chicony Electronics Co., Ltd.

    0.8%  

Synnex Technology International Corp.

    0.8%  

BNK Financial Group, Inc.

    0.8%  

GS Engineering & Construction Corp.

    0.7%  

Tripod Technology Corp.

    0.7%  

Powertech Technology, Inc.

    0.7%  
*

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

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

The Fund returned 60.63% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the weakening of the U.S. dollar positively impacted returns. Despite the unusually high positive absolute performance, all country and sector exposures in the Fund have contributed negatively since many small-cap companies in emerging markets have either suspended or cut their dividends during the fiscal year. This is also evidenced by negative dividend yield attribution by all five quintiles of dividend payers.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,249.00        0.63   $ 3.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.79        0.63   $ 3.18  

Performance

 

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

Fund NAV Returns

       60.63      2.52      10.09      3.06

Fund Market Price Returns

       62.03      2.38      10.37      3.12

WisdomTree Emerging Markets SmallCap Dividend Index

       63.02      3.63      11.17      4.18

MSCI Emerging Markets Small Cap Index

       87.13      5.19      9.59      3.33

MSCI Emerging Markets Index

       58.39      6.48      12.07      3.65

 

 

LOGO

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

 

WisdomTree Trust      9  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    23.5%  

Health Care

    17.0%  

Industrials

    14.0%  

Materials

    10.7%  

Consumer Staples

    10.5%  

Consumer Discretionary

    10.0%  

Financials

    4.8%  

Communication Services

    4.6%  

Energy

    2.1%  

Utilities

    1.9%  

Real Estate

    0.7%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    4.8%  

Unilever PLC

    4.5%  

Rio Tinto Ltd.

    4.4%  

ASML Holding N.V.

    4.0%  

Novo Nordisk A/S, Class B

    3.3%  

Tokyo Electron Ltd.

    3.3%  

Roche Holding AG, Genusschein

    3.2%  

RELX PLC

    3.2%  

Canadian National Railway Co.

    3.1%  

Partners Group Holding AG

    2.4%  
*

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

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

The Fund returned 48.25% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s overweight position in the Consumer Discretionary sector contributed the most positively to performance. Additionally, the Fund’s position in the Financials sector contributed positively to overall returns, while the Fund’s position in the Consumer Staples sector detracted from overall returns. In terms of dividend yield quintiles, the Fund’s positions within the top quintile and those with zero dividend yield resulted in the greatest contribution to returns.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,174.00        0.58   $ 3.14  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       48.25      11.92      12.85      5.88

Fund Market Price Returns

       49.94      11.86      13.15      5.86

WisdomTree Global ex-U.S. Quality Dividend Growth Index

       49.52      12.59      13.65      6.62

MSCI AC World ex-USA Growth Index

       49.36      10.31      12.03      6.69

MSCI AC World ex-USA Index

       49.41      6.51      9.76      4.93

 

 

LOGO

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

 

10   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Real Estate

    99.0%  

Consumer Discretionary

    0.4%  

Financials

    0.2%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description    % of Net Assets  

Vonovia SE

     5.1

Sun Hung Kai Properties Ltd.

     4.2

Link REIT

     3.3

Daito Trust Construction Co., Ltd.

     2.7

China Resources Land Ltd.

     2.6

Daiwa House Industry Co., Ltd.

     2.5

Country Garden Holdings Co., Ltd.

     2.2

Goodman Group

     1.9

Mitsui Fudosan Co., Ltd.

     1.9

Longfor Group Holdings Ltd.

     1.8
*

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

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

The Fund returned 23.92% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s positions in the United Kingdom, Canada, and Australia positively contributed to performance, while positions in Hong Kong and Germany contributed the least to performance. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. However, the onset of the COVID-19 pandemic was a major headwind for global real estate, with impacts rippling across industries. For example, companies around the world did their best to have their employees work from home, driving down the need for office space, which became harder to rent. These vacancies drove down rental income, which is an important cash flow generator for the sector. Similarly, the slowdown in economic activity adversely impacted global production, which likely limited the need for storage and warehouse space.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,128.90        0.58   $ 3.08  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       23.92      -1.25      5.09      4.69

Fund Market Price Returns

       24.27      -1.38      5.09      4.62

WisdomTree International Real Estate/Global ex-U.S. Real Estate Spliced Index1

       24.11      -1.11      5.32      4.88

Dow Jones Global ex-U.S. Select Real Estate Securities Index

       32.99      1.13      2.30      4.22

MSCI AC World ex-USA Index

       49.41      6.51      9.76      4.93
1 

WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate Index thereafter.

 

 

LOGO

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

 

WisdomTree Trust      11  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Global High Dividend Fund (DEW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    26.6%  

Communication Services

    13.9%  

Consumer Staples

    10.8%  

Utilities

    8.4%  

Health Care

    7.5%  

Materials

    7.2%  

Real Estate

    7.1%  

Information Technology

    6.7%  

Energy

    5.6%  

Industrials

    3.9%  

Consumer Discretionary

    1.7%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

AT&T, Inc.

    5.4%  

JPMorgan Chase & Co.

    3.7%  

Verizon Communications, Inc.

    3.3%  

Philip Morris International, Inc.

    2.7%  

Altria Group, Inc.

    2.7%  

Citigroup, Inc.

    2.5%  

Coca-Cola Co. (The)

    2.4%  

AbbVie, Inc.

    2.0%  

Pfizer, Inc.

    1.8%  

Cisco Systems, Inc.

    1.7%  
*

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

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

The Fund returned 42.38% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s overweight positions in the Financials and Materials sectors contributed positively to performance, while the remaining sector positions detracted. The Fund’s positions in Switzerland and Australia contributed the most positively to performance, whereas its positions in the United Kingdom and the United States negatively impacted performance. The Fund’s focus on high dividend yield stocks served as a headwind during the fiscal year, as many high dividend yield companies underperformed lower dividend yield companies during the recovery from the COVID-19 pandemic.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,259.40        0.58   $ 3.27  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       42.38      4.58      6.80      4.64

Fund Market Price Returns

       43.26      4.48      6.84      4.54

WisdomTree Global High Dividend Index

       41.80      4.27      6.60      4.57

MSCI AC World Index

       54.60      12.07      13.21      9.14

 

 

LOGO

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

 

12   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Growth Leaders Fund (PLAT)

(formerly, WisdomTree Modern Tech Platforms Fund)

 

Sector Breakdown

 

Sector   % of Net Assets  

Communication Services

    32.9%  

Information Technology

    28.6%  

Consumer Discretionary

    19.8%  

Industrials

    8.2%  

Financials

    7.7%  

Real Estate

    1.5%  

Health Care

    1.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Alphabet, Inc., Class A

    9.3%  

Microsoft Corp.

    8.0%  

Amazon.com, Inc.

    7.0%  

Facebook, Inc., Class A

    6.8%  

Visa, Inc., Class A

    3.9%  

PayPal Holdings, Inc.

    3.1%  

MasterCard, Inc., Class A

    3.0%  

Pinterest, Inc., Class A

    2.8%  

Appian Corp.

    2.5%  

Snap, Inc., Class A

    2.5%  
*

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

The WisdomTree Growth Leaders Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Growth Leaders Index (the “Index”). In seeking to track the Index, the Fund invests in high growth mid- and large- cap companies that are generating substantial revenue from a modern platform business. Prior to August 1, 2020, Fund performance reflects the investment objective of the Fund when it was the WisdomTree Modern Tech Platforms Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree Modern Tech Platforms Index (the “Former Index”). In seeking to track the Former Index, the Fund invested in mid- and large- cap companies that are generating substantial revenue from a modern platform business. A modern platform business is a multi-sided business model focused on creating value by facilitating interactions between two or more interdependent groups through technology. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 90.18% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). Platform-oriented companies benefited during the COVID-19 pandemic and subsequent recovery as the global economy pivoted to remote forms of entertainment, communication, and work. These changing trends and paradigm shifts inspired enthusiasm in platform-based businesses as investment opportunities, and the Fund benefited accordingly. The Fund’s positions in the Communication Services and Consumer Discretionary sectors contributed to performance the most, whereas its position in the Financials sector detracted. The Fund’s relative underweight in the United States, coupled with strong stock selection, added the most to performance, whereas its positions in platform companies based in Germany and the United Kingdom weighed negatively on performance.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,213.80        0.20 %1    $ 1.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.93        0.20 %1    $ 1.01  
1 

Prior to August 1, 2020, the Fund’s expense ratio was 0.45% per annum and, thereafter, was reduced to 0.20% per annum.

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       90.18      36.89

Fund Market Price Returns

       91.47      37.30

WisdomTree Growth Leaders Index2

       91.49      37.58

MSCI AC World Index

       54.60      18.59

S&P 500® Index

       56.35      21.61
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 22, 2019.

 

2 

Prior to August 1, 2020, the WisdomTree Growth Leaders Index was named the WisdomTree Modern Tech Platforms Index.

 

 

LOGO

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

 

WisdomTree Trust      13  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree India Earnings Fund (EPI)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    27.5%  

Information Technology

    17.8%  

Materials

    13.6%  

Energy

    10.5%  

Utilities

    8.8%  

Industrials

    7.3%  

Consumer Discretionary

    5.9%  

Consumer Staples

    4.6%  

Health Care

    4.2%  

Communication Services

    0.9%  

Real Estate

    0.4%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    -1.5%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Housing Development Finance Corp., Ltd.

    8.4%  

Infosys Ltd.

    7.4%  

Reliance Industries Ltd.

    5.7%  

Tata Consultancy Services Ltd.

    4.0%  

ICICI Bank Ltd.

    3.1%  

Larsen & Toubro Ltd.

    2.4%  

HCL Technologies Ltd.

    2.2%  

Power Grid Corp. of India Ltd.

    2.0%  

State Bank of India

    2.0%  

NTPC Ltd.

    2.0%  
*

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

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

The Fund returned 95.10% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in the Financials and Consumer Staples sectors, which were both a result of allocation and stock selection. The only significant sector detractor was within Consumer Discretionary, primarily due to stock selection. In terms of price-to-earnings (“P/E”) quintiles, since earnings are a core component of the Fund’s investment strategy, all quintiles were additive for performance, led by the two highest P/E quintiles. Despite its population size and density, India generally was not as badly affected by the COVID-19 pandemic in 2020 as many other areas of the world were. Its economy was supported early during the pandemic by expansionary monetary and fiscal policies, and it never went into a full lockdown like many other areas of the world. This quelled some of the adverse economic impacts of the virus and helped its cyclical sectors (such as Financials) remain on better footing as it navigated the pandemic.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,342.80        0.83   $ 4.85  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.79        0.83   $ 4.18  

Performance

 

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

Fund NAV Returns

       95.10      7.66      11.18      3.37

Fund Market Price Returns

       97.40      7.57      11.31      3.51

WisdomTree India Earnings Index

       101.47      8.90      12.65      4.72

MSCI India Index

       76.35      9.19      11.18      4.45

 

 

LOGO

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

 

14   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree India ex-State-Owned Enterprises Fund (IXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    29.4%  

Information Technology

    13.8%  

Materials

    13.6%  

Consumer Discretionary

    11.3%  

Consumer Staples

    10.7%  

Energy

    8.0%  

Health Care

    7.7%  

Communication Services

    4.2%  

Industrials

    2.5%  

Real Estate

    0.9%  

Utilities

    0.7%  

Other Assets less Liabilities‡

    -2.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Infosys Ltd.

    9.2%  

Housing Development Finance Corp., Ltd.

    8.1%  

Reliance Industries Ltd.

    8.0%  

ICICI Bank Ltd.

    5.3%  

Hindustan Unilever Ltd.

    4.3%  

Kotak Mahindra Bank Ltd.

    3.7%  

Axis Bank Ltd.

    2.9%  

Bajaj Finance Ltd.

    2.7%  

Bharti Airtel Ltd.

    2.6%  

Asian Paints Ltd.

    2.3%  
*

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

The WisdomTree India ex-State-Owned Enterprises Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India ex-State-Owned Enterprises Index (the “Index”). In seeking to track the Index, the Fund invests in Indian companies that are not state-owned, which is defined as government ownership greater than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 72.25% at net asset value (“NAV”) for the fiscal year ended March 31, 2021 (for more complete performance information please see the table below). The Fund’s overweight positions in the Financials and Information Technology sectors, and underweight position in the Energy sector added the most to performance, while its position in the Real Estate sector contributed most negatively to performance. A key driver of positive performance and attribution was excluding state-owned-enterprises. Despite its population size and density, India generally was not as badly affected by the COVID-19 pandemic in 2020 as many other areas of the world were. Its economy was supported early during the pandemic by expansionary monetary and fiscal policies, and it never went into a full lockdown like many other areas of the world. This quelled some of the adverse economic impacts of the virus and helped its cyclical sectors (such as Financials) remain on better footing as it navigated the pandemic.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,249.90        0.58   $ 3.25  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       72.25      11.01

Fund Market Price Returns

       73.74      10.80

WisdomTree India ex-State-Owned Enterprises Index

       84.16      15.24

MSCI India Index

       76.35      10.40
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 4, 2019.

 

 

LOGO

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

 

WisdomTree Trust      15  


Description of Terms and Indexes (unaudited)

 

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

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

subjects of analysis have moved in exactly the opposite direction.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.

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

The FTSE China 50 Index is a capitalization weighted index that is comprised of the 50 largest and most liquid Chinese securities.

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

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

Modern platform business/company is a multi-sided business model focused on creating value by facilitating interactions between two or more interdependent groups through technology.

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

The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI AC World ex-USA Index is a free float-adjusted market capitalization-weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the U.S.

The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.

The MSCI China Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the Chinese equity market.

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

The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.

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

Price-to-Earnings refers to a company’s share price divided by its earnings per share. Lower numbers indicate an ability to access greater amounts of earnings per dollar invested. A higher number indicates that a company’s stock may be over-valued.

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

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

 

16   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

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

The WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the Financials sector.

The WisdomTree China ex-State-Owned Enterprises Index measures the performance of Chinese stocks that are not state-owned enterprises. WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises.” WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Global ex-U.S. Quality Dividend Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.

The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.

The WisdomTree Global High Dividend Index is comprised of high dividend-paying companies selected from the WisdomTree Global Dividend Index.

The WisdomTree Growth Leaders Index is a modified market capitalization-weighted index that is designed to provide exposure to mid and large-cap companies that are leveraging platform-based business models with high revenue growth.

The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.

The WisdomTree India ex-State-Owned Enterprises Index measures the performance of Indian stocks that are not state-owned enterprises. State-owned enterprises are defined as government ownership of more than 20% of outstanding shares of companies.

The WisdomTree International Real Estate Index is comprised of companies in developed markets outside of the U.S. and Canada that pay regular cash dividends and that WisdomTree Investments classifies as being part of the International Real Estate sector.

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

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

 

WisdomTree Trust      17  


Description of Terms and Indexes (unaudited) (concluded)

 

or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

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

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

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

* * * * * *

Abbreviations used in the schedules of investments and related tables included in this report are as follows:

 

CURRENCY ABBREVIATIONS:                    
AUD   Australian dollar   HKD     Hong Kong dollar     SEK   Swedish krona
BRL   Brazilian real   HUF     Hungary forint     THB   Thai baht
CAD   Canadian dollar   KRW     South Korean won     TRY   Turkish new lira
CHF   Swiss franc   PHP     Philippine peso     USD   U.S. dollar
CNY   Chinese yuan   PLN     Polish zloty     ZAR   South African rand
             
OTHER ABBREVIATIONS:                              
ADR   American Depositary Receipt
CVA   Certificaten Van Aandelen (Certificate of Stock)
GDR   Global Depositary Receipt    
NVDR   Non-Voting Depositary Receipt    
RSP   Risparmio Italian Savings Shares    

 

18   WisdomTree Trust


Schedule of Investments

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.2%      
China – 100.2%      
Air Freight & Logistics – 1.5%      

SF Holding Co., Ltd., Class A

     333,700      $ 4,124,542  

ZTO Express Cayman, Inc. ADR

     318,996        9,298,733  
     

 

 

 
Total Air Freight & Logistics               13,423,275  
Auto Components – 0.6%      

Fuyao Glass Industry Group Co., Ltd., Class A

     393,767        2,768,083  

Fuyao Glass Industry Group Co., Ltd., Class H(a)

     175,200        1,042,260  

Minth Group Ltd.

     236,000        983,530  

Tianneng Power International Ltd.(b)

     268,000        506,047  
     

 

 

 
Total Auto Components               5,299,920  
Automobiles – 4.0%      

BYD Co., Ltd., Class A

     184,488        4,630,072  

BYD Co., Ltd., Class H

     267,500        5,673,810  

Geely Automobile Holdings Ltd.

     2,195,000        5,584,588  

Great Wall Motor Co., Ltd., Class H

     1,101,500        3,053,248  

NIO, Inc. ADR*

     436,115        16,999,763  

Yadea Group Holdings Ltd.(a)

     240,000        532,822  
     

 

 

 
Total Automobiles               36,474,303  
Banks – 1.7%      

China Minsheng Banking Corp., Ltd., Class A

     8,981,436        6,919,336  

China Minsheng Banking Corp., Ltd., Class H

     1,782,100        1,033,806  

Ping An Bank Co., Ltd., Class A

     2,152,100        7,226,197  
     

 

 

 
Total Banks               15,179,339  
Biotechnology – 2.5%      

BeiGene Ltd.*(b)

     231,600        5,993,725  

China Biologic Products Holdings, Inc.*(b)

     7,929        938,873  

Chongqing Zhifei Biological Products Co., Ltd., Class A

     136,500        3,591,897  

Hualan Biological Engineering, Inc., Class A

     271,025        1,643,515  

Innovent Biologics, Inc.*(a)

     356,000        3,610,622  

Shenzhen Kangtai Biological Products Co., Ltd., Class A

     26,000        543,323  

Walvax Biotechnology Co., Ltd., Class A

     364,900        2,515,611  

Zai Lab Ltd. ADR*

     32,574        4,346,349  
     

 

 

 
Total Biotechnology               23,183,915  
Building Products – 0.5%      

China Lesso Group Holdings Ltd.

     524,000        1,126,932  

Xinyi Glass Holdings Ltd.

     1,160,000        3,789,850  
     

 

 

 
Total Building Products               4,916,782  
Capital Markets – 1.0%      

East Money Information Co., Ltd., Class A

     1,624,262        6,754,749  

Futu Holdings Ltd. ADR*(b)

     17,574        2,791,103  
     

 

 

 
Total Capital Markets               9,545,852  
Commercial Services & Supplies – 1.0%      

A-Living Smart City Services Co., Ltd., Class H(a)(b)

     258,000        1,144,904  

Country Garden Services Holdings Co., Ltd.

     684,000        6,932,863  

Greentown Service Group Co., Ltd.(b)

     1,002,000        1,523,406  
     

 

 

 
Total Commercial Services & Supplies               9,601,173  
Communications Equipment – 0.3%      

BYD Electronic International Co., Ltd.(b)

     295,000      1,722,694  

Shenzhen Sunway Communication Co., Ltd., Class A

     138,200        598,551  
     

 

 

 
Total Communications Equipment               2,321,245  
Construction & Engineering – 0.4%      

China Conch Venture Holdings Ltd.

     829,363        3,899,082  
Construction Materials – 0.3%      

Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A

     342,300        2,671,559  
Diversified Consumer Services – 1.9%      

Fu Shou Yuan International Group Ltd.

     628,000        643,796  

Koolearn Technology Holding Ltd.*(a)(b)

     212,000        482,658  

New Oriental Education & Technology Group, Inc. ADR*

     554,241        7,759,374  

TAL Education Group ADR*

     161,972        8,722,192  
     

 

 

 
Total Diversified Consumer Services               17,608,020  
Electrical Equipment – 1.8%      

Contemporary Amperex Technology Co., Ltd., Class A

     261,359        12,845,466  

Eve Energy Co., Ltd., Class A

     285,900        3,277,709  
     

 

 

 
Total Electrical Equipment               16,123,175  
Electronic Equipment, Instruments & Components – 2.2%

 

GoerTek, Inc., Class A

     630,700        2,612,282  

Kingboard Holdings Ltd.

     325,000        1,755,751  

Lens Technology Co., Ltd., Class A

     216,900        864,622  

Luxshare Precision Industry Co., Ltd., Class A

     1,093,276        5,642,338  

Sunny Optical Technology Group Co., Ltd.

     328,300        7,482,814  

Wingtech Technology Co., Ltd., Class A

     136,500        2,040,732  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     20,398,539  
Energy Equipment & Services – 0.0%      

China Common Rich Renewable Energy Investments Ltd.*(b)

     502,000        0  
Entertainment – 4.3%      

Alibaba Pictures Group Ltd.*(b)

     8,370,000        1,087,370  

Bilibili, Inc. ADR*

     74,476        7,973,401  

DouYu International Holdings Ltd. ADR*

     52,825        549,908  

HUYA, Inc. ADR*(b)

     45,473        885,814  

iQIYI, Inc. ADR*(b)

     155,449        2,583,562  

NetEase, Inc. ADR

     203,989        21,063,904  

Tencent Music Entertainment Group ADR*

     216,419        4,434,425  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A

     206,500        691,799  
     

 

 

 
Total Entertainment               39,270,183  
Food & Staples Retailing – 0.1%      

Sun Art Retail Group Ltd.(b)

     1,108,500        906,824  
Food Products – 4.9%      

China Feihe Ltd.(a)

     1,289,000        3,647,589  

Dali Foods Group Co., Ltd.(a)

     513,500        291,940  

Foshan Haitian Flavouring & Food Co., Ltd., Class A

     233,655        5,696,120  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2021

 

 

 

Investments    Shares      Value  

Guangdong Haid Group Co., Ltd., Class A

     175,203      $ 2,084,795  

Henan Shuanghui Investment & Development Co., Ltd., Class A

     236,300        1,478,001  

Inner Mongolia Yili Industrial Group Co., Ltd., Class A

     1,297,500        7,923,558  

Muyuan Foods Co., Ltd., Class A

     357,910        5,461,745  

New Hope Liuhe Co., Ltd., Class A

     522,500        1,594,203  

Tingyi Cayman Islands Holding Corp.

     1,014,000        1,862,501  

Tongwei Co., Ltd., Class A

     555,858        2,776,322  

Uni-President China Holdings Ltd.

     647,000        787,274  

Want Want China Holdings Ltd.

     3,384,000        2,537,635  

Wens Foodstuffs Group Co., Ltd., Class A

     1,330,200        3,433,560  

WH Group Ltd.(a)

     4,568,500        3,702,069  

Yihai International Holding Ltd.*(b)

     185,000        1,915,570  
     

 

 

 
Total Food Products               45,192,882  
Gas Utilities – 0.7%      

ENN Energy Holdings Ltd.

     387,500        6,215,391  
Health Care Equipment & Supplies – 1.3%      

AK Medical Holdings Ltd.(a)(b)

     212,000        269,961  

Microport Scientific Corp.(b)

     264,000        1,485,636  

Shandong Weigao Group Medical Polymer Co., Ltd., Class H

     1,068,000        2,107,303  

Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A

     109,774        6,683,738  

Venus MedTech Hangzhou, Inc., Class H*(a)

     114,500        928,583  
     

 

 

 
Total Health Care Equipment & Supplies               11,475,221  
Health Care Providers & Services – 1.5%      

Aier Eye Hospital Group Co., Ltd., Class A

     446,742        4,038,057  

China Evergrande New Energy Vehicle Group Ltd.*(b)

     962,500        7,155,812  

Jinxin Fertility Group Ltd.(a)

     420,000        903,266  

Topchoice Medical Corp., Class A*

     50,400        1,926,041  
     

 

 

 
Total Health Care Providers & Services               14,023,176  
Health Care Technology – 0.2%      

Ping An Healthcare and Technology Co., Ltd.*(a)(b)

     162,000        2,031,655  
Hotels, Restaurants & Leisure – 1.9%      

Haidilao International Holding Ltd.(a)(b)

     390,000        2,666,234  

Huazhu Group Ltd. ADR*(b)

     60,350        3,313,215  

Jiumaojiu International Holdings Ltd.*(a)(b)

     145,000        580,041  

MGM China Holdings Ltd.(b)

     240,800        427,431  

Yum China Holdings, Inc.

     174,388        10,325,513  
     

 

 

 
Total Hotels, Restaurants & Leisure               17,312,434  
Household Durables – 1.9%      

Gree Electric Appliances, Inc. of Zhuhai, Class A

     943,700        9,026,696  

Haier Smart Home Co., Ltd., Class A

     863,600        4,107,864  

TCL Technology Group Corp., Class A

     2,726,600        3,885,041  
     

 

 

 
Total Household Durables               17,019,601  
Industrial Conglomerates – 0.2%      

Fosun International Ltd.

     1,180,000        1,651,358  
Insurance – 6.8%      

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

     2,326,594      27,933,325  

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

     2,726,000        32,451,338  

ZhongAn Online P&C Insurance Co., Ltd., Class H*(a)(b)

     235,600        1,421,276  
     

 

 

 
Total Insurance               61,805,939  
Interactive Media & Services – 16.4%      

Autohome, Inc. ADR(b)

     28,261        2,635,903  

Baidu, Inc. ADR*

     126,329        27,482,874  

JOYY, Inc. ADR

     28,722        2,692,113  

Tencent Holdings Ltd.

     1,472,700        115,551,197  

Weibo Corp. ADR*(b)

     27,450        1,385,127  
     

 

 

 
Total Interactive Media & Services               149,747,214  
Internet & Direct Marketing Retail – 20.0%      

Alibaba Group Holding Ltd.*

     2,455,300        69,479,642  

Baozun, Inc. ADR*(b)

     18,598        709,328  

JD.com, Inc. ADR*

     362,935        30,606,308  

Meituan, Class B*(a)

     1,342,300        51,485,810  

Pinduoduo, Inc. ADR*

     132,894        17,791,849  

Tongcheng-Elong Holdings Ltd.*(b)

     432,800        976,444  

Trip.com Group Ltd. ADR*

     197,709        7,835,208  

Vipshop Holdings Ltd. ADR*

     146,089        4,362,217  
     

 

 

 
Total Internet & Direct Marketing Retail               183,246,806  
IT Services – 0.6%      

Chinasoft International Ltd.*

     1,018,000        1,094,673  

GDS Holdings Ltd. ADR*

     54,675        4,433,596  
     

 

 

 
Total IT Services               5,528,269  
Life Sciences Tools & Services – 3.5%      

Genscript Biotech Corp.*

     494,000        869,247  

Hangzhou Tigermed Consulting Co., Ltd., Class A

     116,167        2,660,233  

Pharmaron Beijing Co., Ltd., Class H(a)

     56,600        1,069,470  

WuXi AppTec Co., Ltd., Class A

     274,540        5,871,931  

WuXi AppTec Co., Ltd., Class H(a)

     176,080        3,462,963  

Wuxi Biologics Cayman, Inc.*(a)

     1,454,500        18,212,938  
     

 

 

 
Total Life Sciences Tools & Services               32,146,782  
Machinery – 1.3%      

Haitian International Holdings Ltd.

     184,000        733,685  

Sany Heavy Industry Co., Ltd., Class A

     1,484,848        7,735,707  

Shenzhen Inovance Technology Co., Ltd., Class A

     284,100        3,706,086  
     

 

 

 
Total Machinery               12,175,478  
Marine – 0.2%      

SITC International Holdings Co., Ltd.

     595,000        2,016,638  
Media – 0.6%      

China Literature Ltd.*(a)(b)

     162,800        1,611,363  

Focus Media Information Technology Co., Ltd., Class A

     2,454,024        3,474,194  
     

 

 

 
Total Media               5,085,557  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2021

 

 

 

Investments    Shares      Value  
Metals & Mining – 0.1%      

China Hongqiao Group Ltd.

     808,500      $ 1,079,463  
Oil, Gas & Consumable Fuels – 0.1%      

United Energy Group Ltd.*(b)

     3,550,000        684,936  
Paper & Forest Products – 0.2%      

Nine Dragons Paper Holdings Ltd.

     1,010,000        1,478,407  
Personal Products – 0.2%      

Hengan International Group Co., Ltd.

     317,500        2,086,868  
Pharmaceuticals – 3.2%      

China Medical System Holdings Ltd.

     640,000        1,266,096  

CSPC Pharmaceutical Group Ltd.

     4,399,520        5,319,410  

Hansoh Pharmaceutical Group Co., Ltd.*(a)

     466,000        2,232,763  

Jiangsu Hengrui Medicine Co., Ltd., Class A

     860,057        12,082,784  

Luye Pharma Group Ltd.(a)(b)

     896,607        573,177  

Shanghai Fosun Pharmaceutical Group Co., Ltd., Class A

     262,904        1,595,873  

Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H(b)

     231,500        987,109  

Sino Biopharmaceutical Ltd.

     5,585,250        5,589,237  
     

 

 

 
Total Pharmaceuticals               29,646,449  
Professional Services – 0.1%      

51job, Inc. ADR*

     14,659        917,653  
Real Estate Management & Development – 4.0%

 

  

Agile Group Holdings Ltd.

     900,000        1,474,831  

China Aoyuan Group Ltd.

     588,000        631,530  

China Evergrande Group(b)

     1,136,000        2,162,571  

CIFI Holdings Group Co., Ltd.

     2,134,000        2,069,646  

Country Garden Holdings Co., Ltd.(b)

     3,476,136        4,462,288  

Gemdale Corp., Class A

     1,158,400        2,122,408  

Guangzhou R&F Properties Co., Ltd., Class H(b)

     1,875,600        2,475,243  

Hopson Development Holdings Ltd.

     214,000        770,730  

Kaisa Group Holdings Ltd.*(b)

     1,068,000        527,513  

KWG Group Holdings Ltd.

     624,000        1,067,497  

KWG Living Group Holdings Ltd.*

     425,000        431,863  

Logan Group Co., Ltd.

     517,000        871,149  

Longfor Group Holdings Ltd.(a)

     820,000        5,431,896  

Powerlong Real Estate Holdings Ltd.

     635,000        632,186  

Seazen Group Ltd.*

     1,056,000        1,297,172  

Shimao Group Holdings Ltd.

     611,500        1,923,117  

Sunac China Holdings Ltd.

     1,229,000        5,272,032  

Sunac Services Holdings Ltd.*(a)

     368,819        1,162,277  

Times China Holdings Ltd.

     502,000        690,904  

Zhenro Properties Group Ltd.(b)

     1,111,600        787,826  
     

 

 

 
Total Real Estate Management & Development               36,264,679  
Semiconductors & Semiconductor Equipment – 1.7%

 

  

Daqo New Energy Corp. ADR*(b)

     14,052        1,060,926  

Gigadevice Semiconductor Beijing, Inc., Class A

     93,080        2,426,470  

JinkoSolar Holding Co., Ltd. ADR*(b)

     12,299        512,745  

LONGi Green Energy Technology Co., Ltd., Class A

     650,352        8,730,889  

Xinyi Solar Holdings Ltd.

     2,001,588        3,290,303  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     16,021,333  
Software – 1.8%      

Glodon Co., Ltd., Class A

     231,475      2,344,413  

Hundsun Technologies, Inc., Class A

     238,063        3,050,693  

Kingdee International Software Group Co., Ltd.*(b)

     1,080,000        3,347,889  

Kingsoft Corp., Ltd.(b)

     468,000        3,106,175  

Weimob, Inc.*(a)(b)

     691,000        1,544,750  

Yonyou Network Technology Co., Ltd., Class A

     515,413        2,807,841  
     

 

 

 
Total Software               16,201,761  
Specialty Retail – 0.6%      

China Meidong Auto Holdings Ltd.

     176,000        816,109  

China Yongda Automobiles Services Holdings Ltd.

     577,500        1,054,802  

GOME Retail Holdings Ltd.*(b)

     4,543,000        841,464  

Topsports International Holdings Ltd.(a)

     548,000        816,243  

Zhongsheng Group Holdings Ltd.(b)

     269,100        1,896,813  
     

 

 

 
Total Specialty Retail               5,425,431  
Textiles, Apparel & Luxury Goods – 2.1%

 

  

ANTA Sports Products Ltd.

     411,000        6,703,343  

Li Ning Co., Ltd.

     851,500        5,531,034  

Shenzhou International Group Holdings Ltd.

     326,900        6,773,931  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               19,008,308  

TOTAL COMMON STOCKS

(Cost: $808,814,587)

              916,312,875  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2%

 

United States – 2.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $20,433,389)      20,433,389        20,433,389  
TOTAL INVESTMENTS IN SECURITIES – 102.4%
(Cost: $829,247,976)

 

     936,746,264  

Other Assets less Liabilities – (2.4)%

 

     (22,053,942
     

 

 

 
NET ASSETS – 100.0%

 

   $ 914,692,322  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $49,348,565. The Fund also had securities on loan having a total market value of $2,574,450 that were sold and pending settlement. The total market value of the collateral held by the Fund was $54,694,242. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $34,260,853.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (concluded)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2021

 

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

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    4/1/2021       299,522       CNY       45,575       USD     $ 118     $  

Bank of America N.A.

    4/1/2021       17,465,295       CNY       2,663,460       USD       964        

Bank of America N.A.

    4/1/2021       60,002,911       HKD       7,718,442       USD             (480

Bank of America N.A.

    4/7/2021       46,375,727       HKD       5,965,317       USD             (171

HSBC Holdings PLC

    4/1/2021       5,952,323       CNY       907,228       USD       830        

UBS AG

    4/1/2021       20,661,000       CNY       3,149,234       USD       2,711        
                                            $ 4,623     $ (651

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

           

Energy Equipment & Services

   $      $      $ 0 *     $ 0  

Other

     916,312,875                      916,312,875  

Investment of Cash Collateral for Securities Loaned

            20,433,389               20,433,389  

Total Investments in Securities

   $ 916,312,875      $ 20,433,389      $ 0      $ 936,746,264  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 4,623      $      $ 4,623  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (651    $      $ (651

Total – Net

   $ 916,312,875      $ 20,437,361      $ 0      $ 936,750,236  
* 

Securities are being fair valued using significant unobservable inputs by the Pricing Committee.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%      
Australia – 0.2%      

Lynas Rare Earths Ltd.*(a)

     1,776,385      $ 8,347,909  
Brazil – 3.4%      

Ambev S.A.

     4,345,541        11,774,468  

Atacadao S.A.

     587,100        2,415,818  

B3 S.A. – Brasil Bolsa Balcao

     2,537,856        24,564,539  

Banco Inter S.A. UNIT

     150,748        4,186,376  

BR Malls Participacoes S.A.*

     1,914,045        3,432,595  

BRF S.A.*

     1,031,558        4,610,295  

CCR S.A.

     1,179,757        2,701,127  

Cia Brasileira de Distribuicao

     182,647        1,073,937  

Cia de Locacao das Americas

     266,738        1,171,322  

Cia Siderurgica Nacional S.A.

     866,083        5,816,861  

Cosan S.A.

     235,790        3,819,940  

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     74,742        326,491  

Eneva S.A.*

     1,730,530        5,121,363  

Hapvida Participacoes e Investimentos S.A.(b)

     598,451        1,578,053  

Hypera S.A.

     73,458        416,952  

IRB Brasil Resseguros S.A.

     1,084,127        1,177,689  

Localiza Rent a Car S.A.

     652,380        6,905,309  

Lojas Americanas S.A.

     915,867        3,375,870  

Lojas Renner S.A.

     821,792        6,202,396  

Magazine Luiza S.A.

     2,814,571        10,095,147  

Natura & Co. Holding S.A.*

     895,761        7,641,668  

Notre Dame Intermedica Participacoes S.A.

     499,526        7,329,568  

Petrobras Distribuidora S.A.

     796,497        3,116,543  

Qualicorp Consultoria e Corretora de Seguros S.A.

     398,917        2,145,513  

Raia Drogasil S.A.

     1,417,604        6,295,438  

Rumo S.A.*

     1,232,859        4,424,135  

Sendas Distribuidora S.A.*

     182,647        2,389,980  

Sul America S.A.

     363,056        2,198,409  

Suzano S.A.*

     544,902        6,619,357  

TOTVS S.A.

     409,300        2,098,361  

Ultrapar Participacoes S.A.

     840,520        3,159,211  

WEG S.A.

     956,128        12,633,157  

YDUQS Participacoes S.A.

     288,408        1,365,121  
     

 

 

 
Total Brazil               162,183,009  
Chile – 0.5%      

Banco de Chile

     50,569,538        5,978,384  

Banco Santander Chile

     83,258,150        5,215,224  

Cencosud S.A.

     504,732        1,082,040  

Empresas CMPC S.A.

     592,397        1,907,314  

Empresas COPEC S.A.

     226,822        2,809,385  

Enel Americas S.A.

     10,819,971        1,808,851  

Enel Chile S.A.*

     67,160,698        5,242,722  

Falabella S.A.

     273,857        1,247,300  
     

 

 

 
Total Chile               25,291,220  
China – 36.4%      

51job, Inc. ADR*

     24,285        1,520,241  

A-Living Smart City Services Co., Ltd., Class H(b)

     290,250        1,288,017  

AAC Technologies Holdings, Inc.(a)

     532,500      $ 2,681,524  

Aier Eye Hospital Group Co., Ltd., Class A

     393,100        3,553,192  

AK Medical Holdings Ltd.(a)(b)

     140,000        178,276  

Alibaba Group Holding Ltd.*

     10,987,932        310,934,541  

Alibaba Pictures Group Ltd.*

     21,840,000        2,837,294  

ANTA Sports Products Ltd.

     1,091,000        17,794,030  

Autohome, Inc. ADR

     143,919        13,423,325  

Baidu, Inc. ADR*

     221,361        48,157,086  

BeiGene Ltd.*

     365,400        9,456,422  

Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A

     136,167        1,062,747  

Bilibili, Inc. ADR*

     110,776        11,859,679  

BYD Co., Ltd., Class A

     69,500        1,744,233  

BYD Co., Ltd., Class H

     610,000        12,938,407  

BYD Electronic International Co., Ltd.(a)

     437,000        2,551,923  

China Common Rich Renewable Energy Investments Ltd.*

     102,000        0  

China Conch Venture Holdings Ltd.

     1,786,900        8,400,748  

China Evergrande Group(a)

     2,039,000        3,881,586  

China Evergrande New Energy Vehicle Group Ltd.*(a)

     1,307,500        9,720,752  

China Feihe Ltd.(b)

     2,091,000        5,917,075  

China Lesso Group Holdings Ltd.

     1,079,000        2,320,535  

China Literature Ltd.*(a)(b)

     216,800        2,145,844  

China Medical System Holdings Ltd.

     1,316,000        2,603,410  

China Meidong Auto Holdings Ltd.

     268,000        1,242,712  

China Minsheng Banking Corp., Ltd., Class A

     10,381,879        7,998,244  

China Minsheng Banking Corp., Ltd., Class H

     5,702,000        3,307,761  

China Yongda Automobiles Services Holdings Ltd.

     1,063,500        1,942,478  

Chongqing Zhifei Biological Products Co., Ltd., Class A

     103,000        2,710,369  

Contemporary Amperex Technology Co., Ltd., Class A

     364,117        17,895,892  

Country Garden Holdings Co., Ltd.

     10,110,935        12,979,327  

Country Garden Services Holdings Co., Ltd.

     1,152,000        11,676,402  

CSPC Pharmaceutical Group Ltd.

     8,797,920        10,637,466  

Daqo New Energy Corp. ADR*(a)

     17,725        1,338,238  

DouYu International Holdings Ltd. ADR*

     42,211        439,417  

East Money Information Co., Ltd., Class A

     2,088,682        8,686,113  

ENN Energy Holdings Ltd.

     715,600        11,478,024  

Eve Energy Co., Ltd., Class A

     147,000        1,685,286  

Focus Media Information Technology Co., Ltd., Class A

     3,527,300        4,993,645  

Foshan Haitian Flavouring & Food Co., Ltd., Class A

     257,410        6,275,228  

Futu Holdings Ltd. ADR*

     18,134        2,880,042  

Fuyao Glass Industry Group Co., Ltd., Class A

     216,682        1,523,220  

GDS Holdings Ltd. ADR*

     69,994        5,675,813  

Geely Automobile Holdings Ltd.

     3,673,000        9,344,962  

Genscript Biotech Corp.*

     456,000        802,382  

GoerTek, Inc., Class A

     850,690        3,523,453  

GOME Retail Holdings Ltd.*(a)

     7,263,000        1,345,268  

Great Wall Motor Co., Ltd., Class H

     2,438,500        6,759,279  

Gree Electric Appliances, Inc. of Zhuhai, Class A

     671,200        6,420,174  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2021

 

 

 

Investments    Shares      Value  

Greentown Service Group Co., Ltd.

     1,818,000      $ 2,764,023  

Guangzhou R&F Properties Co., Ltd., Class H

     5,621,600        7,418,868  

Haidilao International Holding Ltd.(a)(b)

     1,377,000        9,413,856  

Hangzhou Tigermed Consulting Co., Ltd., Class A

     136,400        3,123,570  

Hansoh Pharmaceutical Group Co., Ltd.*(b)

     606,000        2,903,549  

Henan Shuanghui Investment & Development Co., Ltd., Class A

     278,800        1,743,829  

Hengan International Group Co., Ltd.

     607,500        3,992,983  

Hualan Biological Engineering, Inc., Class A

     417,446        2,531,423  

Huazhu Group Ltd. ADR*(a)

     103,665        5,691,208  

Hundsun Technologies, Inc., Class A

     211,480        2,710,041  

HUYA, Inc. ADR*(a)

     77,548        1,510,635  

Inner Mongolia Yili Industrial Group Co., Ltd., Class A

     1,852,100        11,310,383  

Innovent Biologics, Inc.*(b)

     633,500        6,425,082  

JD.com, Inc. ADR*

     712,770        60,107,894  

Jiangsu Hengrui Medicine Co., Ltd., Class A

     1,162,178        16,327,227  

JinkoSolar Holding Co., Ltd. ADR*(a)

     13,048        543,971  

Jinxin Fertility Group Ltd.(a)(b)

     692,000        1,488,239  

JOYY, Inc. ADR

     42,047        3,941,065  

Kingboard Holdings Ltd.

     690,000        3,727,595  

Kingdee International Software Group Co., Ltd.*

     2,386,000        7,396,356  

Kingsoft Corp., Ltd.

     1,097,000        7,280,927  

Koolearn Technology Holding Ltd.*(a)(b)

     110,500        251,574  

Lens Technology Co., Ltd., Class A

     113,800        453,638  

Li Ning Co., Ltd.

     1,787,000        11,607,702  

Longfor Group Holdings Ltd.(b)

     1,991,500        13,192,219  

LONGi Green Energy Technology Co., Ltd., Class A

     590,700        7,930,069  

Meituan, Class B*(b)

     2,363,200        90,643,871  

Microport Scientific Corp.(a)

     301,000        1,693,850  

Minth Group Ltd.

     328,000        1,366,939  

Momo, Inc. ADR

     116,779        1,721,322  

Muyuan Foods Co., Ltd., Class A

     432,840        6,605,185  

NetEase, Inc. ADR

     323,686        33,423,816  

New Oriental Education & Technology Group, Inc. ADR*

     1,028,567        14,399,938  

NIO, Inc. ADR*

     797,835        31,099,608  

Pinduoduo, Inc. ADR*

     232,571        31,136,605  

Ping An Bank Co., Ltd., Class A

     2,824,826        9,485,037  

Ping An Healthcare and Technology Co., Ltd.*(a)(b)

     258,900        3,246,886  

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

     2,100,600        25,220,018  

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

     4,511,000        53,700,654  

Sany Heavy Industry Co., Ltd., Class A

     2,324,436        12,109,762  

SF Holding Co., Ltd., Class A

     357,654        4,420,614  

Shandong Weigao Group Medical Polymer Co., Ltd., Class H

     3,900,000        7,695,207  

Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H

     733,000        3,125,488  

Shenzhen Inovance Technology Co., Ltd., Class A

     182,800      2,384,627  

Shenzhen Kangtai Biological Products Co., Ltd., Class A

     82,300        1,719,825  

Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A

     98,900        6,021,660  

Shenzhou International Group Holdings Ltd.

     709,700        14,706,207  

Shimao Group Holdings Ltd.

     1,798,500        5,656,133  

Sino Biopharmaceutical Ltd.

     9,312,000        9,318,648  

Sun Art Retail Group Ltd.

     1,752,000        1,433,249  

Sunac China Holdings Ltd.

     2,774,000        11,899,607  

Sunny Optical Technology Group Co., Ltd.

     598,200        13,634,539  

TAL Education Group ADR*

     312,346        16,819,832  

TCL Technology Group Corp., Class A

     5,700,600        8,122,594  

Tencent Holdings Ltd.

     3,943,900        309,446,842  

Tencent Music Entertainment Group ADR*

     303,658        6,221,952  

Tianneng Power International Ltd.(a)

     380,000        717,530  

Tingyi Cayman Islands Holding Corp.

     2,314,000        4,250,323  

Tongcheng-Elong Holdings Ltd.*

     1,276,400        2,879,696  

Tongwei Co., Ltd., Class A

     1,048,458        5,236,692  

Trip.com Group Ltd. ADR*

     367,378        14,559,190  

United Energy Group Ltd.*

     8,696,000        1,677,804  

Venus MedTech Hangzhou, Inc., Class H*(b)

     263,500        2,136,958  

Vipshop Holdings Ltd. ADR*

     377,355        11,267,820  

Walvax Biotechnology Co., Ltd., Class A

     490,600        3,382,184  

Want Want China Holdings Ltd.

     3,748,000        2,810,596  

Weimob, Inc.*(a)(b)

     924,000        2,065,628  

WH Group Ltd.(b)

     9,338,500        7,567,423  

Wingtech Technology Co., Ltd., Class A

     95,100        1,421,785  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A

     134,100        449,250  

WuXi AppTec Co., Ltd., Class A

     372,521        7,967,573  

Wuxi Biologics Cayman, Inc.*(b)

     2,593,000        32,468,991  

Xinyi Glass Holdings Ltd.

     2,378,000        7,769,193  

Xinyi Solar Holdings Ltd.

     2,599,072        4,272,475  

Yadea Group Holdings Ltd.(b)

     210,000        466,219  

Yihai International Holding Ltd.*

     225,000        2,329,747  

Yonyou Network Technology Co., Ltd., Class A

     519,900        2,832,285  

Yum China Holdings, Inc.

     376,118        22,269,947  

Zai Lab Ltd. ADR*

     46,474        6,201,026  

ZhongAn Online P&C Insurance Co., Ltd., Class H*(a)(b)

     234,100        1,412,227  

ZTO Express Cayman, Inc. ADR

     437,336        12,748,344  
     

 

 

 
Total China               1,715,961,429  
Hungary – 0.3%      

MOL Hungarian Oil & Gas PLC*

     366,140        2,656,228  

OTP Bank Nyrt*

     219,673        9,407,991  
     

 

 

 
Total Hungary               12,064,219  
India – 12.4%      

Aarti Industries Ltd.

     135,224        2,436,626  

Adani Green Energy Ltd.*

     229,945        3,474,787  

Alkem Laboratories Ltd.

     31,876        1,207,572  

Apollo Hospitals Enterprise Ltd.

     128,490        5,101,113  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2021

 

 

 

Investments    Shares      Value  

Ashok Leyland Ltd.

     3,414,475      $ 5,300,548  

Asian Paints Ltd.

     387,058        13,432,781  

Astral Poly Technik Ltd.

     148,980        3,294,569  

Atul Ltd.

     29,426        2,850,706  

AU Small Finance Bank Ltd.*(b)

     147,268        2,473,174  

Aurobindo Pharma Ltd.

     244,258        2,944,242  

Avenue Supermarts Ltd.*(b)

     157,632        6,164,063  

Axis Bank Ltd.*

     1,750,019        16,693,861  

Bajaj Finance Ltd.

     229,383        16,156,852  

Bandhan Bank Ltd.*(b)

     587,581        2,723,581  

Bata India Ltd.

     2,403        46,217  

Bharat Forge Ltd.

     387,663        3,159,840  

Bharti Airtel Ltd.

     1,969,251        13,932,995  

Biocon Ltd.*

     196,147        1,096,983  

Britannia Industries Ltd.

     113,133        5,609,243  

Cipla Ltd.*

     452,111        5,040,306  

Coromandel International Ltd.

     178,445        1,890,405  

Crompton Greaves Consumer Electricals Ltd.

     647,298        3,474,920  

Divi’s Laboratories Ltd.*

     128,294        6,356,992  

Dr. Reddy’s Laboratories Ltd.

     108,835        6,722,386  

Eicher Motors Ltd.*

     169,573        6,039,351  

Emami Ltd.

     259,378        1,724,131  

Escorts Ltd.

     63,279        1,114,574  

Exide Industries Ltd.

     22,977        57,699  

Godrej Consumer Products Ltd.

     409,161        4,083,286  

Godrej Properties Ltd.*

     164,614        3,167,267  

Grasim Industries Ltd.

     316,140        6,272,102  

HCL Technologies Ltd.

     949,199        12,757,250  

HDFC Life Insurance Co., Ltd.*(b)

     728,223        6,934,248  

Hero MotoCorp., Ltd.

     128,560        5,123,146  

Hindustan Unilever Ltd.

     701,498        23,329,297  

Housing Development Finance Corp., Ltd.

     1,393,498        47,612,075  

ICICI Bank Ltd. ADR*

     1,397,251        22,397,934  

ICICI Lombard General Insurance Co., Ltd.(b)

     245,729        4,816,861  

ICICI Prudential Life Insurance Co., Ltd.*(b)

     452,742        2,759,287  

Indus Towers Ltd.

     991,561        3,322,664  

Info Edge India Ltd.

     60,684        3,552,832  

Infosys Ltd. ADR

     2,711,306        50,755,648  

Ipca Laboratories Ltd.

     72,399        1,885,139  

Jindal Steel & Power Ltd.*

     351,683        1,652,744  

Kotak Mahindra Bank Ltd.*

     905,083        21,700,576  

Laurus Labs Ltd.(b)

     216,141        1,070,155  

Lupin Ltd.

     271,760        3,792,960  

Mahindra & Mahindra Ltd.

     927,402        10,087,247  

Maruti Suzuki India Ltd.

     114,692        10,759,883  

Max Financial Services Ltd.*

     197,297        2,319,220  

Motherson Sumi Systems Ltd.

     2,227,871        6,138,443  

Navin Fluorine International Ltd.

     41,868        1,577,629  

Nestle India Ltd.

     36,211        8,501,398  

Page Industries Ltd.

     7,026        2,913,411  

PI Industries Ltd.

     93,192        2,878,275  

Piramal Enterprises Ltd.

     165,892        3,977,823  

Reliance Industries Ltd. GDR(b)

     1,188,053        65,699,331  

Shriram Transport Finance Co., Ltd.

     177,769      3,458,185  

Sun Pharmaceutical Industries Ltd.

     961,763        7,863,663  

Sundaram Finance Ltd.

     139,185        4,893,308  

Supreme Industries Ltd.

     119,263        3,332,048  

Tata Consumer Products Ltd.

     509,246        4,450,015  

Tata Motors Ltd.*

     1,452,260        5,994,660  

Tata Steel Ltd.

     978,322        10,863,220  

Tech Mahindra Ltd.

     562,171        7,623,251  

Titan Co., Ltd.

     382,968        8,161,027  

Torrent Pharmaceuticals Ltd.

     82,574        2,874,356  

Trent Ltd.

     187,322        1,924,237  

UltraTech Cement Ltd.

     121,782        11,223,074  

United Spirits Ltd.*

     386,492        2,940,963  

UPL Ltd.

     559,603        4,912,635  

Vedanta Ltd.

     2,265,531        7,088,136  

Vodafone Idea Ltd.*

     7,999,731        1,012,087  

Voltas Ltd.

     323,649        4,435,282  

Wipro Ltd.

     1,174,322        6,651,901  

Zee Entertainment Enterprises Ltd.

     1,249,049        3,471,396  
     

 

 

 
Total India               585,532,092  
Indonesia – 1.3%      

Astra International Tbk PT

     22,467,400        8,159,417  

Bank Central Asia Tbk PT

     12,174,900        26,047,161  

Barito Pacific Tbk PT*

     28,159,500        1,861,144  

Chandra Asri Petrochemical Tbk PT*

     2,935,900        2,248,667  

Charoen Pokphand Indonesia Tbk PT

     10,509,000        5,064,578  

Indah Kiat Pulp & Paper Tbk PT

     3,371,000        2,425,264  

Indocement Tunggal Prakarsa Tbk PT

     3,132,000        2,636,055  

Indofood Sukses Makmur Tbk PT

     5,971,300        2,713,293  

Kalbe Farma Tbk PT

     30,037,900        3,246,782  

Merdeka Copper Gold Tbk PT*

     11,549,800        1,709,609  

Sarana Menara Nusantara Tbk PT

     38,789,000        2,937,549  

United Tractors Tbk PT

     1,873,800        2,854,239  
     

 

 

 
Total Indonesia               61,903,758  
Malaysia – 1.2%      

Dialog Group Bhd

     11,569,700        8,677,624  

Genting Malaysia Bhd

     4,231,800        3,133,155  

Hartalega Holdings Bhd

     1,153,400        2,483,989  

Hong Leong Bank Bhd

     2,543,608        11,471,233  

Nestle Malaysia Bhd

     325,900        10,610,515  

Press Metal Aluminium Holdings Bhd

     4,299,700        10,265,774  

QL Resources Bhd

     948,625        1,386,390  

Top Glove Corp. Bhd

     9,399,700        10,246,387  
     

 

 

 
Total Malaysia               58,275,067  
Mexico – 1.7%      

Alfa S.A.B. de C.V., Class A

     5,695,219        3,284,552  

America Movil S.A.B. de C.V. Series L

     19,554,183        13,341,629  

Cemex S.A.B. de C.V. Series CPO*

     11,194,886        7,889,849  

Controladora Nemak S.A.B. de C.V.*

     5,695,275        715,371  

Fibra Uno Administracion S.A. de C.V.

     3,853,996        4,499,986  

Fomento Economico Mexicano S.A.B. de C.V.

     1,628,603        12,265,166  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.*

     382,973        2,405,596  

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2021

 

 

 

Investments    Shares      Value  

Grupo Aeroportuario del Pacifico S.A.B. de C.V., Class B*

     299,422      $ 3,126,732  

Grupo Bimbo S.A.B. de C.V. Series A

     654,948        1,373,245  

Grupo Elektra S.A.B. de C.V.

     84,634        5,684,652  

Grupo Financiero Banorte S.A.B. de C.V. Class O*

     1,672,086        9,408,727  

Grupo Televisa S.A.B. Series CPO*

     1,855,923        3,299,943  

Wal-Mart de Mexico S.A.B. de C.V.

     4,142,274        13,052,096  
     

 

 

 
Total Mexico               80,347,544  
Philippines – 0.8%      

Aboitiz Equity Ventures, Inc.

     2,377,390        1,689,827  

Ayala Corp.

     73,050        1,113,716  

Ayala Land, Inc.

     3,723,500        2,635,122  

Bank of the Philippine Islands

     386,590        649,129  

BDO Unibank, Inc.

     282,960        594,631  

Globe Telecom, Inc.

     13,445        520,764  

JG Summit Holdings, Inc.

     541,170        666,184  

Jollibee Foods Corp.

     695,690        2,535,515  

PLDT, Inc.

     41,855        1,052,896  

Puregold Price Club, Inc.

     2,467,400        1,997,812  

SM Investments Corp.

     479,985        9,493,394  

SM Prime Holdings, Inc.

     15,770,100        11,371,692  

Universal Robina Corp.

     1,188,050        3,255,435  
     

 

 

 
Total Philippines               37,576,117  
Poland – 0.5%      

Asseco Poland S.A.

     140,182        2,401,496  

Bank Polska Kasa Opieki S.A.*

     84,466        1,511,655  

Cyfrowy Polsat S.A.

     609,075        4,562,660  

Dino Polska S.A.*(b)

     59,275        3,914,613  

LPP S.A.*

     2,340        4,818,170  

Orange Polska S.A.*

     1,249,793        2,085,628  

Santander Bank Polska S.A.*

     75,673        4,192,123  
     

 

 

 
Total Poland               23,486,345  
Russia – 2.8%      

Lukoil PJSC ADR

     571,189        46,186,342  

Mail.ru Group Ltd. GDR*(c)

     194,862        4,462,340  

Mobile TeleSystems PJSC ADR

     903,496        7,535,157  

Novatek PJSC GDR(c)

     132,202        26,109,895  

Novolipetsk Steel PJSC GDR

     95,734        3,052,000  

Petropavlovsk PLC*(a)

     3,894,909        1,281,653  

Polyus PJSC GDR(c)

     87,342        8,039,831  

Severstal PAO GDR(c)

     117,609        2,373,349  

X5 Retail Group N.V. GDR(c)

     193,145        6,226,995  

Yandex N.V., Class A*(a)

     459,361        29,426,666  
     

 

 

 
Total Russia               134,694,228  
South Africa – 4.7%      

Absa Group Ltd.

     673,305        5,749,397  

Anglo American Platinum Ltd.

     24,459        3,564,848  

AngloGold Ashanti Ltd.

     303,567        6,616,440  

Aspen Pharmacare Holdings Ltd.*

     392,856        3,840,697  

AVI Ltd.

     537,660        2,716,291  

Bid Corp., Ltd.*

     310,150        6,007,348  

Capitec Bank Holdings Ltd.*

     74,433      7,157,061  

Clicks Group Ltd.

     252,380        4,108,840  

Discovery Ltd.

     392,518        3,524,255  

FirstRand Ltd.(a)

     4,560,244        15,941,745  

Foschini Group Ltd. (The)*

     280,218        2,330,176  

Gold Fields Ltd.

     695,452        6,476,364  

Growthpoint Properties Ltd.

     5,816,626        5,199,659  

Impala Platinum Holdings Ltd.(a)

     595,086        11,031,433  

Investec PLC(a)

     805,565        2,465,317  

Mediclinic International PLC*

     473,027        1,862,797  

MultiChoice Group

     315,202        2,752,581  

Naspers Ltd. Class N

     316,418        75,679,107  

Nedbank Group Ltd.

     503,887        4,777,393  

Netcare Ltd.*

     4,366,813        4,214,143  

Northam Platinum Ltd.*

     373,903        6,517,237  

Old Mutual Ltd.

     572,019        489,264  

Pick n Pay Stores Ltd.

     466,702        1,698,822  

Sanlam Ltd.(a)

     1,927,361        7,770,138  

Shoprite Holdings Ltd.(a)

     419,932        4,468,278  

Sibanye Stillwater Ltd.(a)

     2,118,285        9,324,542  

SPAR Group Ltd. (The)

     234,638        3,017,382  

Standard Bank Group Ltd.

     1,192,586        10,130,267  

Tiger Brands Ltd.(a)

     168,884        2,410,382  

Vodacom Group Ltd.

     265,649        2,271,453  
     

 

 

 
Total South Africa               224,113,657  
South Korea – 15.7%      

Alteogen, Inc.*

     24,052        1,904,183  

Amorepacific Corp.

     25,971        5,931,967  

Cellivery Therapeutics, Inc.*

     10,075        1,135,023  

Celltrion Healthcare Co., Ltd.*

     68,005        8,172,017  

Celltrion Pharm, Inc.*

     13,966        1,851,027  

Celltrion, Inc.*

     71,261        20,432,246  

CJ CheilJedang Corp.

     1,146        416,175  

Coway Co., Ltd.

     73,786        4,270,363  

DB Insurance Co., Ltd.

     73,669        3,078,899  

Dongsuh Cos., Inc.

     77,388        2,184,711  

Doosan Fuel Cell Co., Ltd.*

     37,597        1,704,198  

Doosan Heavy Industries & Construction Co., Ltd.*

     106,335        1,221,431  

Douzone Bizon Co., Ltd.

     16,180        1,403,911  

E-Mart, Inc.

     22,172        3,350,044  

Ecopro BM Co., Ltd.

     9,542        1,374,284  

Fila Holdings Corp.

     50,471        1,924,297  

GeneOne Life Science, Inc.*

     32,493        335,912  

Genexine, Inc.*

     13,848        1,168,530  

Green Cross Corp.

     6,056        1,929,037  

GS Engineering & Construction Corp.

     138,327        5,255,632  

Hana Financial Group, Inc.

     303,862        11,491,313  

Hanjin Kal Corp.*

     15,006        761,073  

Hanmi Pharm Co., Ltd.

     11,743        3,283,993  

Hanmi Science Co., Ltd.

     35,401        1,814,233  

Hanon Systems

     281,222        4,385,746  

Hanwha Solutions Corp.*

     160,179        7,090,760  

HLB Life Science Co., Ltd.*

     88,470        926,326  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2021

 

 

 

Investments    Shares      Value  

HLB, Inc.*(a)

     72,078      $ 2,496,539  

Hyundai Glovis Co., Ltd.

     22,268        3,689,198  

Hyundai Heavy Industries Holdings Co., Ltd.

     18,335        4,722,467  

Hyundai Marine & Fire Insurance Co., Ltd.

     134,614        2,914,109  

Hyundai Motor Co.*

     111,433        21,464,452  

Hyundai Steel Co.

     90,223        3,830,541  

Kakao Corp.

     42,250        18,591,120  

KB Financial Group, Inc.

     334,774        16,624,077  

Kia Motors Corp.

     219,873        16,105,564  

KMW Co., Ltd.*

     24,504        1,400,847  

Korea Investment Holdings Co., Ltd.

     9,492        717,928  

Korea Shipbuilding & Offshore Engineering Co., Ltd.*

     24,366        2,874,187  

LG Chem Ltd.

     34,958        24,865,200  

LG Corp.

     114,696        9,161,492  

LG Electronics, Inc.

     86,657        11,485,355  

LG Household & Health Care Ltd.

     7,103        9,853,510  

LG Innotek Co., Ltd.

     15,384        2,793,384  

Lotte Chemical Corp.

     13,138        3,494,180  

Lotte Corp.

     96,029        2,884,900  

Macquarie Korea Infrastructure Fund

     257,726        2,652,978  

Mando Corp.*

     56,233        3,269,389  

Mezzion Pharma Co., Ltd.*

     7,019        938,968  

NAVER Corp.

     102,648        34,193,325  

NCSoft Corp.

     12,580        9,703,857  

Netmarble Corp.*(b)

     37,219        4,242,325  

OCI Co., Ltd.*

     6,846        734,958  

Orion Corp.

     5,535        640,676  

Pearl Abyss Corp.*

     10,159        2,765,618  

POSCO

     68,681        19,419,412  

POSCO Chemical Co., Ltd.

     30,300        4,149,768  

S-Oil Corp.*

     47,895        3,436,337  

Samsung Biologics Co., Ltd.*(b)

     11,964        7,907,287  

Samsung Electro-Mechanics Co., Ltd.

     49,296        8,166,998  

Samsung Electronics Co., Ltd.

     3,549,212        255,273,565  

Samsung Fire & Marine Insurance Co., Ltd.

     22,417        3,763,402  

Samsung Heavy Industries Co., Ltd.*

     142,580        978,879  

Samsung Life Insurance Co., Ltd.

     69,923        4,825,258  

Samsung SDI Co., Ltd.

     40,698        23,733,757  

Samsung SDS Co., Ltd.

     36,182        6,186,187  

Shinhan Financial Group Co., Ltd.

     461,621        15,275,199  

Shinsegae, Inc.

     10,587        2,628,626  

SK Chemicals Co., Ltd.

     4,795        1,061,319  

SK Hynix, Inc.

     390,169        45,679,163  

SK Innovation Co., Ltd.*

     40,719        7,879,356  

SK Telecom Co., Ltd.

     39,871        9,688,116  

Yuhan Corp.

     16,273        905,853  
     

 

 

 
Total South Korea               738,866,957  
Taiwan – 15.9%      

Accton Technology Corp.

     391,000        3,782,147  

Airtac International Group

     73,000        2,571,233  

Alchip Technologies Ltd.

     16,000        504,679  

ASE Technology Holding Co., Ltd.

     3,296,062        12,418,136  

Asia Cement Corp.

     1,049,000        1,757,341  

ASMedia Technology, Inc.

     24,000      1,253,286  

Asustek Computer, Inc.

     1,102,000        14,386,675  

AU Optronics Corp.*

     15,096,000        11,136,957  

Catcher Technology Co., Ltd.

     901,000        6,678,635  

Cathay Financial Holding Co., Ltd.

     9,125,854        15,336,091  

Chailease Holding Co., Ltd.

     1,189,240        8,210,853  

Cheng Loong Corp.

     278,000        340,034  

Cheng Shin Rubber Industry Co., Ltd.

     763,000        1,288,915  

Chicony Electronics Co., Ltd.

     1,117,240        3,974,341  

Chroma ATE, Inc.

     235,000        1,552,501  

Compeq Manufacturing Co., Ltd.

     953,000        1,432,857  

CTBC Financial Holding Co., Ltd.

     23,052,672        17,855,257  

Delta Electronics, Inc.

     1,365,500        13,782,778  

E.Sun Financial Holding Co., Ltd.

     13,823,218        12,644,516  

Evergreen Marine Corp. Taiwan Ltd.*

     2,180,000        3,476,326  

Far Eastern International Bank

     3,939,000        1,477,142  

Far Eastern New Century Corp.

     4,682,080        4,955,624  

Feng TAY Enterprise Co., Ltd.

     694,000        4,742,929  

Formosa Chemicals & Fibre Corp.

     4,788,000        14,699,779  

Formosa Petrochemical Corp.

     298,000        1,010,984  

Formosa Plastics Corp.

     4,690,000        16,601,479  

Fubon Financial Holding Co., Ltd.

     7,337,000        14,605,600  

Genius Electronic Optical Co., Ltd.

     35,000        593,698  

Giant Manufacturing Co., Ltd.

     120,000        1,446,746  

Great Wall Enterprise Co., Ltd.

     368,000        704,195  

Hon Hai Precision Industry Co., Ltd.

     9,481,068        41,203,253  

Hotai Motor Co., Ltd.

     171,000        3,523,920  

Innolux Corp.*

     15,101,000        11,167,108  

Inventec Corp.

     1,421,000        1,344,654  

King Yuan Electronics Co., Ltd.

     2,053,000        2,964,413  

Largan Precision Co., Ltd.

     59,000        6,637,578  

Lien Hwa Industrial Holdings Corp.

     835,000        1,385,667  

Lite-On Technology Corp.

     1,296,000        2,852,445  

Macronix International Co., Ltd.

     1,554,000        2,415,445  

MediaTek, Inc.

     1,151,000        39,088,739  

Merida Industry Co., Ltd.

     78,000        954,053  

Micro-Star International Co., Ltd.

     1,121,000        6,836,085  

Nan Ya Plastics Corp.

     5,728,000        16,019,851  

Novatek Microelectronics Corp.

     468,000        9,431,185  

Pegatron Corp.

     1,319,000        3,425,434  

Pou Chen Corp.

     3,229,000        3,734,518  

Powertech Technology, Inc.

     1,185,000        4,381,506  

President Chain Store Corp.

     96,000        915,151  

Quanta Computer, Inc.

     2,416,000        8,298,041  

Realtek Semiconductor Corp.

     307,000        5,315,179  

Shanghai Commercial & Savings Bank Ltd. (The)

     5,864,000        8,621,414  

Synnex Technology International Corp.

     2,319,000        4,429,450  

Taishin Financial Holding Co., Ltd.

     2,142,000        1,005,951  

Taiwan Cement Corp.

     6,859,104        11,250,344  

Taiwan Mobile Co., Ltd.

     3,182,000        10,951,263  

Taiwan Semiconductor Manufacturing Co., Ltd.

     13,980,000        287,605,930  

Tripod Technology Corp.

     291,000        1,432,920  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2021

 

 

 

Investments    Shares      Value  

Uni-President Enterprises Corp.

     5,690,160      $ 14,557,939  

Unimicron Technology Corp.

     1,207,000        3,870,623  

United Microelectronics Corp.

     8,176,000        14,384,579  

Voltronic Power Technology Corp.

     53,000        2,052,536  

Walsin Technology Corp.

     207,000        1,810,062  

Winbond Electronics Corp.

     3,830,000        3,959,801  

Wiwynn Corp.

     69,000        2,038,587  

Yageo Corp.

     311,396        6,035,187  

Yuanta Financial Holding Co., Ltd.

     12,823,765        10,112,316  

Zhen Ding Technology Holding Ltd.

     256,000        1,081,134  
     

 

 

 
Total Taiwan               752,315,995  
Thailand – 1.7%      

Advanced Info Service PCL NVDR

     560,600        3,112,451  

B Grimm Power PCL NVDR

     1,743,300        2,552,191  

Bangkok Expressway & Metro PCL NVDR

     22,536,200        6,310,136  

BTS Group Holdings PCL NVDR(a)

     20,372,700        6,291,090  

Bumrungrad Hospital PCL NVDR

     1,084,500        4,719,744  

Carabao Group PCL NVDR

     478,400        1,974,835  

Central Pattana PCL NVDR

     594,100        1,107,402  

Central Retail Corp. PCL NVDR*

     3,820,183        4,553,658  

CP ALL PCL NVDR*

     3,238,600        7,176,738  

Delta Electronics Thailand PCL NVDR

     372,500        3,456,800  

Energy Absolute PCL NVDR(a)

     2,785,700        5,526,829  

Gulf Energy Development PCL NVDR(a)

     7,340,200        7,868,695  

Home Product Center PCL NVDR

     8,894,800        4,212,577  

Indorama Ventures PCL NVDR(a)

     1,036,400        1,475,834  

Intouch Holdings PCL NVDR

     3,411,500        6,331,744  

Minor International PCL NVDR*

     1,635,700        1,701,128  

Muangthai Capital PCL NVDR

     1,290,600        2,921,919  

Osotspa PCL NVDR

     3,120,500        3,519,924  

Siam Global House PCL NVDR

     4,006,500        2,666,726  

True Corp. PCL NVDR

     22,586,500        2,457,411  
     

 

 

 
Total Thailand               79,937,832  
Turkey – 0.2%      

BIM Birlesik Magazalar AS

     710,941        6,064,635  

Enka Insaat ve Sanayi AS

     3,756,170        3,594,486  
     

 

 

 
Total Turkey               9,659,121  
United Kingdom – 0.3%      

Avast PLC(a)(b)

     780,604      4,952,503  

Evraz PLC

     888,293        7,083,842  
     

 

 

 
Total United Kingdom               12,036,345  
TOTAL COMMON STOCKS
(Cost: $4,015,101,089)
              4,722,592,844  
WARRANTS – 0.0%

 

Thailand – 0.0%

 

Srisawad Corp. PCL, expiring 8/29/25*
(Cost: $0)
     12,160        7,549  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%

 

United States – 0.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio,
0.03%(d)

     
(Cost: $17,991,494)      17,991,494        17,991,494  
TOTAL INVESTMENTS IN SECURITIES – 100.4%
(Cost: $4,033,092,583)

 

     4,740,591,887  

Other Assets less Liabilities – (0.4)%

 

     (20,656,169
     

 

 

 
NET ASSETS – 100.0%

 

   $ 4,719,935,718  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $108,446,202. The Fund also had securities on loan having a total market value of $1,736,926 that were sold and pending settlement. The total market value of the collateral held by the Fund was $114,663,633. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $96,672,139.

 

(b) 

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

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

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

Amount and
Description of
Currency to
be Purchased

   

Amount and
Description of
Currency to
be Sold

     Unrealized
Appreciation
     Unrealized
Depreciation
 

Bank of America N.A.

    4/1/2021       159,290,867       HKD       20,490,294       USD      $      $ (1,273

State Street Bank and Trust

    4/1/2021       12,761,987       BRL       2,250,037       USD        11,523         

State Street Bank and Trust

    4/1/2021       833,183,380       HUF       2,700,074       USD        3,180         

State Street Bank and Trust

    4/1/2021       78,406,208       THB       2,499,401       USD        9,598         

State Street Bank and Trust

    4/1/2021       94,359       USD       67,920,571       CLP               (185

State Street Bank and Trust

    4/1/2021       703,512       USD       797,078,664       KRW               (777

State Street Bank and Trust

    4/1/2021       6,628,682       USD       27,542,172       MYR               (13,588

State Street Bank and Trust

    4/1/2021       4,454,625       USD       36,697,999       TRY        20,491         

State Street Bank and Trust

    4/6/2021       38,327,725       ZAR       2,600,659       USD               (5,028

UBS AG

    4/1/2021       6,525,754       USD       25,738,186       PLN        3,152         
                                             $ 47,944      $ (20,851

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

           

China

   $ 1,715,961,429      $      $ 0 *     $ 1,715,961,429  

Other

     3,006,631,415                      3,006,631,415  

Warrants

     7,549                      7,549  

Investment of Cash Collateral for Securities Loaned

            17,991,494               17,991,494  

Total Investments in Securities

   $ 4,722,600,393      $ 17,991,494      $ 0      $ 4,740,591,887  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 47,944      $      $ 47,944  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (20,851    $      $ (20,851

Total – Net

   $ 4,722,600,393      $ 18,018,587      $ 0      $ 4,740,618,980  
* 

Securities are being fair valued using significant unobservable inputs by the Pricing Committee.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

Brazil – 8.8%

 

AES Brasil Energia S.A.

     417,486      $ 1,287,304  

Banco do Brasil S.A.

     1,603,910        8,654,804  

Banco Santander Brasil S.A.

     634,879        4,455,291  

CCR S.A.

     2,085,909        4,775,819  

Centrais Eletricas Brasileiras S.A.

     601,233        3,651,294  

CPFL Energia S.A.

     414,369        2,233,760  

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     462,759        2,021,444  

Engie Brasil Energia S.A.

     497,592        3,688,512  

Itausa S.A.

     874,065        1,719,320  

Petrobras Distribuidora S.A.

     1,114,979        4,362,704  

Porto Seguro S.A.

     87,741        730,475  

Smiles Fidelidade S.A.

     153,347        578,822  

Telefonica Brasil S.A.

     75,520        591,928  

Transmissora Alianca de Energia Eletrica S.A.

     962,620        6,639,229  

Vale S.A.

     7,112,712        123,486,159  
     

 

 

 
Total Brazil

 

     168,876,865  
Chile – 1.2%

 

AES Gener S.A.

     12,531,705        2,129,029  

Banco de Chile

     52,717,245        6,232,288  

Cencosud Shopping S.A.

     778,048        1,624,760  

Enel Americas S.A.

     75,761,889        12,665,650  
     

 

 

 
Total Chile

 

     22,651,727  
China – 22.4%

 

Agile Group Holdings Ltd.

     4,248,000        6,961,202  

Agricultural Bank of China Ltd., Class H

     30,101,000        12,041,252  

Anhui Expressway Co., Ltd., Class A

     776,900        862,827  

Anhui Hengyuan Coal Industry and Electricity Power Co., Ltd., Class A

     1,073,500        946,580  

Asia Cement China Holdings Corp.

     857,000        878,556  

BAIC Motor Corp., Ltd., Class H(a)

     2,051,000        656,894  

Bank of Beijing Co., Ltd., Class A

     3,901,949        2,857,262  

Bank of Jiangsu Co., Ltd., Class A

     2,893,270        2,855,752  

Bank of Shanghai Co., Ltd., Class A

     2,451,200        3,286,964  

Baoshan Iron & Steel Co., Ltd., Class A

     3,235,220        3,987,884  

Beijing Enterprises Holdings Ltd.

     561,500        1,982,542  

Bestsun Energy Co., Ltd., Class A

     1,332,800        1,163,023  

C&D International Investment Group Ltd.

     529,000        959,412  

Canny Elevator Co., Ltd., Class A

     233,700        359,730  

Central China Real Estate Ltd.

     2,307,000        1,026,725  

China Aoyuan Group Ltd.

     2,145,000        2,303,796  

China Cinda Asset Management Co., Ltd., Class H

     5,198,000        1,083,133  

China Coal Energy Co., Ltd., Class H(b)

     3,910,000        1,800,488  

China Construction Bank Corp., Class H

     71,520,054        60,163,890  

China Everbright Environment Group Ltd.

     4,588,000        3,104,127  

China Fortune Land Development Co., Ltd., Class A

     1,032,860        989,529  

China Hongqiao Group Ltd.(b)

     2,368,000        3,161,618  

China Jinmao Holdings Group Ltd.

     6,990,000        2,805,189  

China Life Insurance Co., Ltd., Class H

     4,462,000        9,217,336  

China Lilang Ltd.

     1,191,000        773,630  

China Merchants Shekou Industrial Zone Holdings Co., Ltd., Class A

     802,682      1,502,503  

China Overseas Grand Oceans Group Ltd.

     2,127,000        1,389,830  

China Overseas Land & Investment Ltd.

     4,332,000        11,255,639  

China Pacific Insurance Group Co., Ltd., Class H

     2,268,600        8,943,731  

China Power International Development Ltd.

     10,418,000        2,425,455  

China Railway Group Ltd., Class H

     4,599,000        2,431,283  

China Resources Cement Holdings Ltd.

     4,502,000        5,055,336  

China Resources Power Holdings Co., Ltd.

     2,668,000        3,541,570  

China Sanjiang Fine Chemicals Co., Ltd.

     2,651,000        1,241,199  

China SCE Group Holdings Ltd.

     2,647,000        1,225,707  

China Suntien Green Energy Corp., Ltd., Class H(b)

     2,523,000        963,838  

CIFI Holdings Group Co., Ltd.

     5,512,000        5,345,778  

CITIC Telecom International Holdings Ltd.

     5,330,000        1,885,342  

COFCO Joycome Foods Ltd.(b)

     2,217,000        1,137,808  

Country Garden Holdings Co., Ltd.(b)

     10,449,850        13,414,390  

CPMC Holdings Ltd.

     1,438,000        813,845  

Daqin Railway Co., Ltd., Class A

     2,908,601        3,110,495  

Dexin China Holdings Co., Ltd.*

     1,933,000        743,419  

Dongyue Group Ltd.

     2,196,000        1,689,133  

Far East Horizon Ltd.(b)

     1,617,000        1,942,617  

Fufeng Group Ltd.*

     2,348,000        845,642  

Gemdale Corp., Class A

     1,253,809        2,297,215  

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

     1,692,000        1,388,518  

Greatview Aseptic Packaging Co., Ltd.

     2,468,000        1,228,532  

Greenland Holdings Corp., Ltd., Class A

     1,083,800        924,247  

Greenland Hong Kong Holdings Ltd.

     2,913,000        1,052,876  

Guangdong Investment Ltd.

     3,266,000        5,318,390  

Guangdong Shaoneng Group Co., Ltd., Class A

     242,000        238,862  

Guangdong Tapai Group Co., Ltd., Class A

     423,700        797,629  

Guizhou Panjiang Refined Coal Co., Ltd., Class A

     647,500        672,689  

Hengan International Group Co., Ltd.

     791,500        5,202,381  

Hexing Electrical Co., Ltd., Class A

     193,000        407,494  

Hisense Home Appliances Group Co., Ltd., Class H

     454,000        759,153  

Hopson Development Holdings Ltd.

     724,000        2,607,516  

Huabao Flavours & Fragrances Co., Ltd., Class A

     47,200        301,778  

Huafa Industrial Co., Ltd. Zhuhai, Class A

     1,418,075        1,330,459  

Huaibei Mining Holdings Co., Ltd., Class A

     454,500        783,501  

Huaneng Power International, Inc., Class H

     3,656,000        1,297,913  

Hunan Valin Steel Co., Ltd., Class A

     960,900        1,026,133  

Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia, Class A

     301,500        460,874  

Industrial & Commercial Bank of China Ltd., Class H

     68,489,823        49,157,588  

Industrial Bank Co., Ltd., Class A

     2,445,500        8,987,352  

Inner Mongolia Junzheng Energy & Chemical Industry Group Co., Ltd., Class A

     1,153,400        929,055  

Jiangsu Expressway Co., Ltd., Class H

     1,691,727        2,106,376  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Jingjin Environmental Protection Co., Ltd., Class A

     37,100      $ 114,894  

Jinke Properties Group Co., Ltd., Class A

     1,002,600        1,007,953  

JNBY Design Ltd.

     376,500        673,147  

Kunlun Energy Co., Ltd.

     5,510,000        5,790,339  

KWG Group Holdings Ltd.

     3,552,000        6,076,520  

Lee & Man Paper Manufacturing Ltd.

     1,229,000        1,130,286  

Lenovo Group Ltd.

     11,160,000        15,876,313  

Logan Group Co., Ltd.

     1,259,000        2,121,423  

Lomon Billions Group Co., Ltd., Class A

     369,000        1,608,851  

Lonking Holdings Ltd.

     4,892,000        2,076,494  

Luxi Chemical Group Co., Ltd., Class A

     403,000        954,781  

Midea Real Estate Holding Ltd.(a)(b)

     470,800        995,563  

MYS Group Co., Ltd., Class A

     1,082,500        599,462  

Nanjing Iron & Steel Co., Ltd., Class A

     1,402,900        828,257  

New China Life Insurance Co., Ltd., Class H

     526,000        2,036,491  

People’s Insurance Co. Group of China Ltd. (The), Class H

     5,326,000        1,726,363  

Poly Developments & Holdings Group Co., Ltd., Class A

     3,320,600        7,208,564  

Postal Savings Bank of China Co., Ltd., Class H(a)(b)

     8,242,000        6,159,409  

Powerlong Real Estate Holdings Ltd.

     1,972,000        1,963,262  

Qingdao Port International Co., Ltd., Class H(a)

     1,097,000        671,651  

RiseSun Real Estate Development Co., Ltd., Class A

     1,097,300        1,079,723  

SAIC Motor Corp., Ltd., Class A

     807,735        2,423,821  

Seazen Group Ltd.*

     2,132,000        2,618,912  

Seazen Holdings Co., Ltd., Class A

     391,200        2,912,366  

Shaanxi Coal Industry Co., Ltd., Class A

     1,014,700        1,712,064  

Shandong Buchang Pharmaceuticals Co., Ltd., Class A

     547,175        1,905,722  

Shandong Publishing & Media Co., Ltd., Class A

     924,500        839,172  

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Class A

     183,100        287,429  

Shanghai Industrial Holdings Ltd.

     936,000        1,396,575  

Shanghai Pudong Development Bank Co., Ltd., Class A

     3,636,700        6,097,229  

Shanghai Shimao Co., Ltd., Class A

     155,300        102,823  

Shanghai Zijiang Enterprise Group Co., Ltd., Class A

     868,400        633,250  

Shenzhen Expressway Co., Ltd., Class H

     1,254,000        1,358,126  

Shenzhen International Holdings Ltd.

     3,173,500        5,314,713  

Shenzhen Investment Ltd.

     4,752,000        1,650,329  

Shenzhen Overseas Chinese Town Co., Ltd., Class A

     1,258,800        1,956,853  

Shenzhen Tagen Group Co., Ltd., Class A

     597,800        583,664  

Shimao Group Holdings Ltd.

     1,299,000        4,085,247  

Shougang Fushan Resources Group Ltd.

     11,144,739        2,766,671  

Sinoma International Engineering Co., Class A

     529,602        760,268  

Sinopec Kantons Holdings Ltd.(b)

     1,768,000        675,412  

Sinotrans Ltd., Class H

     2,807,000        1,039,837  

SITC International Holdings Co., Ltd.

     1,930,000      6,541,363  

Sunflower Pharmaceutical Group Co., Ltd., Class A

     274,600        576,011  

Times China Holdings Ltd.

     1,446,000        1,990,134  

Uni-President China Holdings Ltd.

     1,788,000        2,175,650  

Want Want China Holdings Ltd.

     9,181,000        6,884,761  

Wasu Media Holding Co., Ltd., Class A

     311,800        394,804  

Wens Foodstuffs Group Co., Ltd., Class A

     1,700,600        4,389,649  

WH Group Ltd.(a)

     10,897,000        8,830,348  

Xtep International Holdings Ltd.

     1,532,400        896,838  

Yuexiu Property Co., Ltd.

     9,489,000        2,148,144  

Yuzhou Group Holdings Co., Ltd.

     4,199,600        1,253,217  

Zhejiang Hangmin Co., Ltd., Class A

     980,000        832,738  

Zhejiang Hisoar Pharmaceutical Co., Ltd., Class A

     326,100        443,257  

Zhejiang Medicine Co., Ltd., Class A

     249,700        534,065  

Zhejiang Semir Garment Co., Ltd., Class A

     285,500        441,208  

Zhengzhou Yutong Bus Co., Ltd., Class A

     785,600        1,719,811  

Zhongliang Holdings Group Co., Ltd.(b)

     1,397,500        949,109  
     

 

 

 
Total China

 

     429,231,768  
Czech Republic – 0.6%

 

CEZ AS

     415,084        10,272,438  

O2 Czech Republic AS

     156,179        1,820,108  
     

 

 

 
Total Czech Republic

 

     12,092,546  
Hong Kong – 0.1%

 

China Water Affairs Group Ltd.

     970,000        793,522  

Concord New Energy Group Ltd.

     10,690,000        770,010  

Perfect Shape Medical Ltd.

     1,884,000        1,073,532  
     

 

 

 
Total Hong Kong

 

     2,637,064  
Hungary – 0.1%

 

Magyar Telekom Telecommunications PLC

     848,248        1,120,117  
India – 5.4%

 

Engineers India Ltd.

     1,320,438        1,390,624  

GAIL India Ltd.

     4,949,751        9,173,258  

Hindustan Petroleum Corp., Ltd.

     1,440,966        4,621,655  

Hindustan Zinc Ltd.

     742,229        2,770,400  

Indiabulls Housing Finance Ltd.*

     505,462        1,358,476  

Indus Towers Ltd.

     1,480,646        4,961,560  

ITC Ltd.

     6,179,973        18,468,812  

NHPC Ltd.

     7,210,803        2,411,368  

NIIT Ltd.

     393,541        742,259  

NLC India Ltd.

     898,680        619,493  

NMDC Ltd.

     2,208,715        4,088,828  

Oil & Natural Gas Corp., Ltd.

     9,617,573        13,437,077  

Oil India Ltd.

     2,130,102        3,577,665  

Oracle Financial Services Software Ltd.

     63,713        2,787,638  

Polyplex Corp. Ltd.

     66,394        783,683  

Power Grid Corp. of India Ltd.

     8,237,466        24,296,518  

REC Ltd.

     2,223,751        3,988,921  

SJVN Ltd.

     3,101,813        1,105,158  

Sonata Software Ltd.

     195,156        1,359,162  

Welspun Corp., Ltd.

     677,609        1,282,210  
     

 

 

 
Total India

 

     103,224,765  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2021

 

 

 

Investments    Shares      Value  
Indonesia – 3.4%

 

Astra International Tbk PT

     30,778,900      $ 11,177,879  

Bank Mandiri Persero Tbk PT

     22,800,400        9,653,870  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     6,747,025        675,864  

Bank Rakyat Indonesia Persero Tbk PT

     52,726,700        15,972,288  

Indocement Tunggal Prakarsa Tbk PT

     3,007,500        2,531,269  

Telkom Indonesia Persero Tbk PT

     89,803,000        21,144,665  

United Tractors Tbk PT

     3,099,000        4,720,508  
     

 

 

 
Total Indonesia

 

     65,876,343  
Malaysia – 0.4%

 

Aeon Co. M Bhd

     2,640,000        821,319  

AMMB Holdings Bhd

     2,214,200        1,564,598  

Astro Malaysia Holdings Bhd

     4,291,600        993,593  

Mah Sing Group Bhd

     2,579,800        525,728  

Malakoff Corp. Bhd

     8,492,400        1,771,597  

Uchi Technologies Bhd

     1,697,500        1,281,364  
     

 

 

 
Total Malaysia

 

     6,958,199  
Mexico – 1.9%

 

Alfa S.A.B. de C.V., Class A

     5,816,976        3,354,772  

Alpek S.A.B. de C.V.*

     1,207,349        1,125,297  

Controladora Nemak S.A.B. de C.V.*

     26,938        3,384  

Corp. Inmobiliaria Vesta S.A.B. de C.V.

     976,303        2,043,220  

Grupo Mexico S.A.B. de C.V. Series B

     5,215,115        27,390,154  

Macquarie Mexico Real Estate Management S.A. de C.V.(a)

     2,453,754        3,056,924  
     

 

 

 
Total Mexico

 

     36,973,751  
Philippines – 0.7%

 

Globe Telecom, Inc.

     74,595        2,889,283  

LT Group, Inc.

     4,322,800        1,202,324  

Manila Electric Co.

     502,730        2,817,256  

PLDT, Inc.

     259,664        6,532,058  
     

 

 

 
Total Philippines

 

     13,440,921  
Poland – 0.1%

 

Asseco Poland S.A.

     114,516        1,961,805  
Russia – 15.0%

 

Magnit PJSC GDR(c)

     687,433        10,304,621  

Magnitogorsk Iron & Steel Works PJSC GDR(c)

     288,896        2,992,962  

MMC Norilsk Nickel PJSC ADR

     2,162,221        67,418,051  

Mobile TeleSystems PJSC ADR

     1,668,640        13,916,458  

Novolipetsk Steel PJSC GDR

     349,212        11,132,878  

PhosAgro PJSC GDR(c)

     439,589        7,657,640  

Rosneft Oil Co. PJSC GDR(c)

     4,851,277        36,685,357  

Sberbank of Russia PJSC ADR

     7,157,629        110,263,275  

Tatneft PJSC ADR(b)

     552,490        26,210,125  
     

 

 

 
Total Russia

 

     286,581,367  
Singapore – 0.1%

 

IGG, Inc.

     862,000        1,110,978  
South Africa – 3.8%

 

AECI Ltd.

     217,091        1,521,346  

African Rainbow Minerals Ltd.(b)

     341,737        6,436,331  

AVI Ltd.

     967,390      4,887,314  

Coronation Fund Managers Ltd.

     406,841        1,509,854  

Equites Property Fund Ltd.

     1,635,170        2,085,178  

Exxaro Resources Ltd.

     823,375        9,694,538  

JSE Ltd.

     95,047        718,730  

Kumba Iron Ore Ltd.

     192,677        7,939,995  

MultiChoice Group

     708,427        6,186,517  

Oceana Group Ltd.

     200,502        896,174  

PSG Group Ltd.

     339,286        1,623,564  

Remgro Ltd.

     629,773        4,435,547  

Sanlam Ltd.(b)

     2,579,438        10,398,981  

Vodacom Group Ltd.

     1,672,461        14,300,511  
     

 

 

 
Total South Africa

 

     72,634,580  
South Korea – 4.4%

 

BNK Financial Group, Inc.

     421,294        2,527,578  

Daishin Securities Co., Ltd.

     68,146        978,460  

DGB Financial Group, Inc.

     257,197        1,918,041  

E1 Corp.

     17,005        644,590  

Halla Holdings Corp.

     20,828        750,857  

Hana Financial Group, Inc.

     419,732        15,873,231  

Huchems Fine Chemical Corp.

     30,558        588,614  

Hyosung Corp.

     23,454        1,842,333  

iMarketKorea, Inc.

     69,518        557,127  

Industrial Bank of Korea

     401,386        3,248,682  

JB Financial Group Co., Ltd.

     261,763        1,514,953  

KEPCO Plant Service & Engineering Co., Ltd.

     54,928        1,528,811  

Koentec Co., Ltd.(b)

     54,421        430,367  

Korea Asset In Trust Co., Ltd.

     162,534        671,391  

Korea Real Estate Investment & Trust Co., Ltd.

     622,672        1,325,946  

Korean Reinsurance Co.

     131,945        986,308  

KT Corp. ADR

     340,588        4,236,915  

KT&G Corp.

     227,893        16,390,979  

Kumho Industrial Co., Ltd.

     74,112        643,057  

Macquarie Korea Infrastructure Fund

     1,111,159        11,438,040  

Meritz Fire & Marine Insurance Co., Ltd.

     78,058        1,334,590  

Meritz Securities Co., Ltd.

     369,032        1,503,192  

NH Investment & Securities Co., Ltd.

     167,578        1,725,013  

Orion Holdings Corp.

     66,437        836,516  

Posco International Corp.

     98,445        1,752,743  

Samsung Fire & Marine Insurance Co., Ltd.

     29,585        4,966,777  

Samsung Securities Co., Ltd.

     69,017        2,405,762  

Ssangyong Cement Industrial Co., Ltd.

     301,633        2,046,867  

Tailim Packaging Co., Ltd.*

     57,674        260,406  
     

 

 

 
Total South Korea

 

     84,928,146  
Taiwan – 28.2%

 

AcBel Polytech, Inc.(b)

     1,259,000        1,277,400  

Arcadyan Technology Corp.*

     262,000        1,065,153  

Asia Cement Corp.(b)

     7,984,000        13,375,222  

Asustek Computer, Inc.

     1,708,000        22,298,041  

Capital Securities Corp.

     4,081,000        2,231,227  

Catcher Technology Co., Ltd.(b)

     1,291,000        9,569,498  

Cathay Financial Holding Co., Ltd.

     7,916,000        13,302,919  

Charoen Pokphand Enterprise

     559,000        1,500,697  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Chenbro Micom Co., Ltd.(b)

     171,000      $ 508,212  

Cheng Uei Precision Industry Co., Ltd.

     998,000        1,680,647  

Chicony Electronics Co., Ltd.(b)

     2,072,386        7,372,067  

Chicony Power Technology Co., Ltd.

     376,000        1,075,302  

China Development Financial Holding Corp.

     19,280,000        7,094,943  

ChipMOS Technologies, Inc.

     911,000        1,412,811  

Chong Hong Construction Co., Ltd.(b)

     817,000        2,373,718  

Cleanaway Co., Ltd.

     262,000        1,588,547  

Compal Electronics, Inc.

     6,657,000        6,229,345  

CTBC Financial Holding Co., Ltd.

     27,846,000        21,567,890  

Eastern Media International Corp.

     1,071,000        639,980  

Elan Microelectronics Corp.(b)

     663,000        4,542,687  

Far Eastern New Century Corp.

     6,639,000        7,026,874  

Far EasTone Telecommunications Co., Ltd.(b)

     4,065,000        9,132,110  

Farglory Land Development Co., Ltd.

     1,247,000        2,491,116  

Feng Hsin Steel Co., Ltd.

     865,000        2,158,483  

First Financial Holding Co., Ltd.

     9,382,804        7,300,258  

Formosa Chemicals & Fibre Corp.

     6,753,000        20,732,583  

Formosa Plastics Corp.

     7,242,000        25,634,949  

Fubon Financial Holding Co., Ltd.

     9,013,000        17,941,976  

Fusheng Precision Co., Ltd.

     234,000        1,857,533  

Getac Technology Corp.

     957,000        1,965,451  

Global Mixed Mode Technology, Inc.(b)

     146,000        1,061,753  

Great Wall Enterprise Co., Ltd.

     1,815,000        3,473,136  

Greatek Electronics, Inc.

     729,000        1,814,005  

Holtek Semiconductor, Inc.

     477,000        1,561,413  

Holy Stone Enterprise Co., Ltd.(b)

     226,000        1,029,685  

Hon Hai Precision Industry Co., Ltd.

     19,924,000        86,586,619  

Huaku Development Co., Ltd.(b)

     897,000        2,929,955  

IBF Financial Holdings Co., Ltd.

     4,764,302        2,821,880  

Inventec Corp.(b)

     6,013,000        5,689,938  

ITE Technology, Inc.(b)

     288,000        982,105  

King Yuan Electronics Co., Ltd.(b)

     2,772,000        4,002,608  

Kung Long Batteries Industrial Co., Ltd.

     332,000        1,722,076  

Kuoyang Construction Co., Ltd.(b)

     677,715        947,704  

Lite-On Technology Corp.

     7,133,000        15,699,450  

Mega Financial Holding Co., Ltd.(b)

     11,883,302        13,285,576  

Merry Electronics Co., Ltd.(b)

     281,275        1,311,099  

Mirle Automation Corp.(b)

     567,000        971,727  

Nan Pao Resins Chemical Co., Ltd.

     154,000        863,562  

Nantex Industry Co., Ltd.(b)

     454,000        1,750,254  

Pegatron Corp.(b)

     6,847,000        17,781,611  

Polytronics Technology Corp.(b)

     164,378        757,569  

Pou Chen Corp.

     3,594,000        4,156,661  

Powertech Technology, Inc.

     1,677,000        6,200,662  

Primax Electronics Ltd.(b)

     1,271,000        2,833,056  

Promate Electronic Co., Ltd.

     1,159,000        1,620,723  

Quanta Computer, Inc.

     6,295,990        21,624,330  

Ruentex Industries Ltd.

     1,024,600        2,861,971  

Sampo Corp.

     911,000        978,591  

Sanyang Motor Co., Ltd.(b)

     1,745,000        1,895,875  

SCI Pharmtech, Inc.(b)

     137,000        448,936  

Shanghai Commercial & Savings Bank Ltd. (The)

     4,295,000        6,314,627  

Shin Kong Financial Holding Co., Ltd.(b)

     9,292,000      2,979,771  

Sinon Corp.

     1,553,000        1,257,292  

SinoPac Financial Holdings Co., Ltd.

     19,501,440        8,782,585  

Sitronix Technology Corp.(b)

     232,000        1,943,294  

Stark Technology, Inc.

     454,000        1,124,936  

Supreme Electronics Co., Ltd.

     1,415,000        2,122,525  

Synnex Technology International Corp.

     3,976,000        7,594,435  

Systex Corp.

     588,000        1,805,236  

Taiwan Cement Corp.(b)

     13,000,135        21,322,900  

Taiwan Cogeneration Corp.

     928,000        1,263,547  

Taiwan Hon Chuan Enterprise Co., Ltd.

     860,000        2,085,725  

Taiwan Mobile Co., Ltd.

     3,341,253        11,499,353  

Taiwan Navigation Co., Ltd.(b)

     1,559,000        1,311,324  

Taiwan PCB Techvest Co., Ltd.

     792,000        1,440,606  

Taiwan Secom Co., Ltd.

     579,000        1,893,271  

Taiyen Biotech Co., Ltd.(b)

     715,000        850,743  

Test Research, Inc.

     583,000        1,207,560  

Thinking Electronic Industrial Co., Ltd.(b)

     181,000        1,217,958  

Tong Yang Industry Co., Ltd.(b)

     723,000        918,542  

Topco Scientific Co., Ltd.

     405,435        1,939,574  

Tripod Technology Corp.

     1,243,000        6,120,685  

Tung Ho Steel Enterprise Corp.

     2,049,000        3,199,206  

TYC Brother Industrial Co., Ltd.

     760,000        623,278  

U-Ming Marine Transport Corp.(b)

     1,549,000        2,242,095  

United Integrated Services Co., Ltd.(b)

     442,000        3,833,982  

Wistron Corp.(b)

     8,976,561        10,539,193  

WPG Holdings Ltd.

     2,848,280        4,871,414  

Yulon Nissan Motor Co., Ltd.(b)

     117,000        1,148,144  

ZongTai Real Estate Development Co., Ltd.(b)

     671,000        912,445  
     

 

 

 
Total Taiwan

 

     540,978,415  
Thailand – 2.6%

 

Bangkok Commercial Asset Management PCL NVDR

     1,585,600        1,101,041  

Bangkok Land PCL NVDR

     28,970,400        1,093,922  

Gunkul Engineering PCL NVDR(b)

     12,816,200        1,533,843  

Intouch Holdings PCL NVDR

     2,304,000        4,276,224  

Jay Mart PCL NVDR

     1,106,600        1,513,829  

MC Group PCL NVDR

     1,481,400        530,934  

MCS Steel PCL NVDR

     1,452,200        650,586  

Origin Property PCL NVDR(b)

     1,959,800        529,930  

Pruksa Holding PCL NVDR

     3,492,800        1,430,651  

PTT Exploration & Production PCL NVDR

     2,207,500        8,052,960  

Quality Houses PCL NVDR

     16,111,600        1,268,305  

Ratch Group PCL NVDR

     686,700        1,126,188  

SC Asset Corp. PCL NVDR

     14,123,300        1,464,304  

Siam Commercial Bank PCL (The) NVDR

     1,866,000        6,657,888  

Siam Future Development PCL NVDR

     4,566,800        913,360  

SPCG PCL NVDR

     1,841,400        1,149,034  

Srisawad Finance PCL NVDR

     211,500        225,036  

Supalai PCL NVDR

     2,075,600        1,421,371  

Thai Vegetable Oil PCL NVDR

     1,089,197        1,106,624  

Thaifoods Group PCL NVDR(b)

     2,912,300        503,245  

Thanachart Capital PCL NVDR(b)

     1,331,800        1,619,469  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Tipco Asphalt PCL NVDR(b)

     1,974,900      $ 1,308,174  

Tisco Financial Group PCL NVDR

     976,900        3,040,113  

TPI Polene Power PCL NVDR

     13,602,400        1,906,512  

TTW PCL NVDR

     4,378,777        1,653,426  

Vinythai PCL NVDR

     1,036,400        1,260,262  

WHA Corp. PCL NVDR(b)

     13,172,300        1,466,867  

WHA Utilities and Power PCL NVDR(b)

     4,759,100        682,264  
     

 

 

 
Total Thailand

 

     49,486,362  
Turkey – 0.5%

 

Aksa Akrilik Kimya Sanayii AS

     710,549        1,390,835  

Enerjisa Enerji AS(a)

     885,627        1,251,997  

Ford Otomotiv Sanayi AS

     178,521        4,169,534  

TAV Havalimanlari Holding AS*

     560,822        1,382,361  

Tofas Turk Otomobil Fabrikasi AS

     379,402        1,517,379  
     

 

 

 
Total Turkey

 

     9,712,106  
TOTAL COMMON STOCKS
(Cost: $1,557,151,946)

 

     1,910,477,825  
WARRANTS – 0.0%

 

Thailand – 0.0%

 

MBK PLC, expiring 3/24/22*
(Cost: $0)
     41,927        16,502  
EXCHANGE-TRADED FUND – 0.1%

 

United States – 0.1%

 

WisdomTree Global High Dividend Fund(d)
(Cost: $1,600,025)
     35,000        1,640,275  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%

 

United States – 0.3%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(e)

 

  
(Cost: $7,103,423)      7,103,423      7,103,423  
TOTAL INVESTMENTS IN SECURITIES – 100.1%
(Cost: $1,565,855,394)

 

     1,919,238,025  

Other Assets less Liabilities – (0.1)%

 

     (2,536,205
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,916,701,820  
* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $108,280,399 and the total market value of the collateral held by the Fund was $130,289,261. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $123,185,838.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

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

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree Global High Dividend Fund

  $ 874,659     $ 3,289,807     $ 2,772,680     $ (99,760   $ 348,249     $ 1,640,275     $ 61,505  

 

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

Morgan Stanley & Co. International

    4/1/2021       234,002       USD       3,490,635       ZAR     $     $ (2,391

State Street Bank and Trust

    4/1/2021       564,646       USD       17,712,925       THB             (2,168
                                            $     $ (4,559

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 – Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 1,910,477,825      $      $      $ 1,910,477,825  

Warrants

            16,502               16,502  

Exchange-Traded Fund

     1,640,275                      1,640,275  

Investment of Cash Collateral for Securities Loaned

            7,103,423               7,103,423  

Total Investments in Securities

   $ 1,912,118,100      $ 7,119,925      $      $ 1,919,238,025  

Liabilities:

 

     

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (4,559    $      $ (4,559

Total – Net

   $ 1,912,118,100      $ 7,115,366      $      $ 1,919,233,466  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%

 

China – 40.5%

 

Agile Group Holdings Ltd.

     18,000      $ 29,497  

Alibaba Group Holding Ltd. ADR*

     560        126,969  

Anhui Conch Cement Co., Ltd., Class H

     4,500        29,259  

Anhui Gujing Distillery Co., Ltd., Class B

     1,200        16,824  

Bank of China Ltd., Class H

     114,000        43,404  

Bank of Hangzhou Co., Ltd., Class A

     6,300        16,233  

Beijing Kunlun Tech Co., Ltd., Class A

     4,200        15,192  

Changchun High & New Technology Industry Group, Inc., Class A*

     100        6,907  

China Construction Bank Corp., Class H

     50,000        42,061  

China East Education Holdings Ltd.(a)

     6,500        14,163  

China Feihe Ltd.(a)

     7,000        19,808  

China Gas Holdings Ltd.

     4,200        17,206  

China Hongqiao Group Ltd.

     23,000        30,708  

China Medical System Holdings Ltd.

     10,000        19,783  

China Meidong Auto Holdings Ltd.

     10,000        46,370  

China National Building Material Co., Ltd., Class H

     14,000        20,205  

China Power International Development Ltd.

     78,000        18,159  

China Railway Group Ltd., Class H

     34,000        17,974  

China Resources Cement Holdings Ltd.

     24,000        26,950  

China Resources Gas Group Ltd.

     4,000        22,175  

China Resources Power Holdings Co., Ltd.

     16,000        21,239  

China Resources Sanjiu Medical & Pharmaceutical Co., Ltd., Class A*

     2,400        8,956  

China Shenhua Energy Co., Ltd., Class H

     10,000        20,606  

China Tourism Group Duty Free Corp., Ltd., Class A

     700        32,686  

China Traditional Chinese Medicine Holdings Co., Ltd.

     30,000        18,715  

China Vanke Co., Ltd., Class H

     3,800        14,883  

China Yuhua Education Corp., Ltd.(a)

     22,000        17,233  

China Zheshang Bank Co., Ltd., Class A

     23,700        14,715  

COSCO Shipping Holdings Co., Ltd., Class H*

     5,000        6,431  

Dali Foods Group Co., Ltd.(a)

     39,500        22,457  

Daqin Railway Co., Ltd., Class A

     9,200        9,839  

GF Securities Co., Ltd., Class H

     24,800        38,024  

Great Wall Motor Co., Ltd., Class H

     4,000        11,088  

Guangdong Investment Ltd.

     8,000        13,027  

Guangzhou Kingmed Diagnostics Group Co., Ltd., Class A

     300        5,815  

Guangzhou R&F Properties Co., Ltd., Class H

     18,000        23,755  

Haitian International Holdings Ltd.

     6,000        23,925  

Hansoh Pharmaceutical Group Co., Ltd.*(a)

     6,000        28,748  

Hengan International Group Co., Ltd.

     3,500        23,005  

Hopson Development Holdings Ltd.

     6,000        21,609  

Huaneng Power International, Inc., Class H

     38,000        13,490  

Huaxin Cement Co., Ltd., Class A

     4,400        15,935  

Industrial & Commercial Bank of China Ltd., Class H

     58,000        41,629  

JD.com, Inc. ADR*

     618        52,116  

Jiangsu Expressway Co., Ltd., Class H

     16,000        19,922  

Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Class A

     2,900        11,609  

Jointown Pharmaceutical Group Co., Ltd., Class A*

     5,500        15,145  

JOYY, Inc. ADR

     223        20,902  

Kingboard Holdings Ltd.

     12,000      64,828  

KWG Group Holdings Ltd.

     9,500        16,252  

Lenovo Group Ltd.

     54,000        76,821  

Longfor Group Holdings Ltd.(a)

     4,000        26,497  

Nine Dragons Paper Holdings Ltd.

     19,000        27,812  

Offcn Education Technology Co., Ltd., Class A

     1,800        7,735  

SDIC Power Holdings Co., Ltd., Class A

     8,300        12,573  

Seazen Group Ltd.*

     16,000        19,654  

Shandong Buchang Pharmaceuticals Co., Ltd., Class A

     4,200        14,628  

Shandong Linglong Tyre Co., Ltd., Class A

     1,800        12,851  

Shanghai Fosun Pharmaceutical Group Co., Ltd., Class H(b)

     3,000        12,792  

Shanghai Pharmaceuticals Holding Co., Ltd., Class H

     9,400        18,451  

Shanghai Yuyuan Tourist Mart Group Co., Ltd., Class A*

     9,900        16,190  

Shenzhen International Holdings Ltd.

     10,500        17,585  

Shenzhen Investment Ltd.

     52,000        18,059  

Sinotruk Hong Kong Ltd.

     4,000        11,988  

Suning.com Co., Ltd., Class A

     14,100        14,799  

Tencent Holdings Ltd.

     1,700        133,386  

Tingyi Cayman Islands Holding Corp.

     12,000        22,041  

Tongcheng-Elong Holdings Ltd.*

     19,600        44,220  

Topsports International Holdings Ltd.(a)

     23,000        34,258  

Uni-President China Holdings Ltd.

     23,000        27,987  

Vipshop Holdings Ltd. ADR*

     1,383        41,296  

Wangfujing Group Co., Ltd., Class A

     3,300        15,113  

Want Want China Holdings Ltd.

     34,000        25,496  

Wuchan Zhongda Group Co., Ltd., Class A

     21,200        15,718  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A

     3,500        11,725  

Xiamen C & D, Inc., Class A

     7,000        8,992  

Xinjiang Goldwind Science & Technology Co., Ltd., Class H

     6,800        12,770  

Yadea Group Holdings Ltd.(a)

     4,000        8,880  

Yanzhou Coal Mining Co., Ltd., Class H

     14,000        16,567  

Yuexiu Property Co., Ltd.

     84,000        19,016  

Yum China Holdings, Inc.

     427        25,283  

Zhejiang Expressway Co., Ltd., Class H

     18,000        15,952  

Zhongsheng Group Holdings Ltd.

     10,500        74,012  
     

 

 

 
Total China

 

     2,089,578  
Hong Kong – 1.1%

 

Kingboard Laminates Holdings Ltd.

     17,000        36,779  

Vinda International Holdings Ltd.

     6,000        20,259  
     

 

 

 
Total Hong Kong

 

     57,038  
Hungary – 0.4%

 

Richter Gedeon Nyrt

     703        20,767  
India – 10.6%

 

Aurobindo Pharma Ltd.

     590        7,112  

Bajaj Auto Ltd.*

     266        13,354  

Britannia Industries Ltd.

     316        15,668  

Cipla Ltd.*

     1,516        16,901  

Coal India Ltd.

     3,149        5,614  

Colgate-Palmolive India Ltd.

     843        17,979  

Dr. Reddy’s Laboratories Ltd.

     277        17,110  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2021

 

 

 

Investments    Shares      Value  

GAIL India Ltd.

     2,488      $ 4,611  

Grasim Industries Ltd.

     1,216        24,125  

HCL Technologies Ltd.

     5,459        73,369  

Hindustan Petroleum Corp., Ltd.

     1,509        4,840  

Indian Oil Corp., Ltd.

     6,163        7,742  

Infosys Ltd.

     3,204        59,951  

Infosys Ltd. ADR

     664        12,430  

Ipca Laboratories Ltd.

     552        14,373  

Lupin Ltd.

     1,012        14,125  

Marico Ltd.

     3,137        17,647  

MRF Ltd.

     13        14,626  

Petronet LNG Ltd.

     1,917        5,890  

Power Grid Corp. of India Ltd.

     2,997        8,840  

Sun Pharmaceutical Industries Ltd.

     1,845        15,085  

Tech Mahindra Ltd.

     5,149        69,822  

Torrent Pharmaceuticals Ltd.

     460        16,012  

Vedanta Ltd.

     6,167        19,295  

Wipro Ltd.

     9,667        54,758  

Wipro Ltd. ADR

     2,367        15,007  
     

 

 

 
Total India

 

     546,286  
Malaysia – 4.4%

 

Fraser & Neave Holdings Bhd

     1,600        11,576  

Genting Plantations Bhd

     4,600        10,095  

HAP Seng Consolidated Bhd

     7,000        14,096  

Hartalega Holdings Bhd

     3,100        6,676  

Hong Leong Financial Group Bhd

     4,300        18,065  

IHH Healthcare Bhd

     7,000        8,981  

IOI Corp. Bhd

     10,200        10,307  

Kossan Rubber Industries

     6,100        4,796  

Kuala Lumpur Kepong Bhd

     2,200        12,171  

MISC Bhd

     5,900        9,704  

Nestle Malaysia Bhd

     600        19,535  

Petronas Gas Bhd

     3,200        12,348  

QL Resources Bhd

     12,200        17,830  

Sime Darby Bhd

     24,400        14,123  

Supermax Corp. Bhd

     5,700        5,237  

Telekom Malaysia Bhd

     17,700        26,167  

Tenaga Nasional Bhd

     4,000        9,763  

Top Glove Corp. Bhd

     5,500        5,995  

Westports Holdings Bhd

     10,900        11,041  
     

 

 

 
Total Malaysia

 

     228,506  
Mexico – 1.0%

 

Gruma S.A.B. de C.V., Class B

     1,350        15,927  

Grupo Mexico S.A.B. de C.V. Series B

     4,500        23,634  

Kimberly-Clark de Mexico S.A.B. de C.V., Class A

     8,600        14,682  
     

 

 

 
Total Mexico

 

     54,243  
Philippines – 2.6%

 

Globe Telecom, Inc.

     630        24,402  

International Container Terminal Services, Inc.

     4,200        10,470  

Manila Electric Co.

     3,230        18,101  

Metro Pacific Investments Corp.

     263,000        20,265  

PLDT, Inc.

     1,225        30,816  

Puregold Price Club, Inc.

     17,920      14,509  

Universal Robina Corp.

     5,420        14,852  
     

 

 

 
Total Philippines

 

     133,415  
Poland – 1.0%

 

Cyfrowy Polsat S.A.

     4,592        34,399  

Dino Polska S.A.*(a)

     139        9,180  

Polskie Gornictwo Naftowe i Gazownictwo S.A.

     3,852        5,871  
     

 

 

 
Total Poland

 

     49,450  
Russia – 2.1%

 

Novolipetsk Steel PJSC GDR

     980        31,243  

PhosAgro PJSC GDR(c)

     1,910        33,272  

Severstal PAO GDR(c)

     1,690        34,104  

X5 Retail Group N.V. GDR(c)

     386        12,445  
     

 

 

 
Total Russia

 

     111,064  
South Africa – 4.7%

 

African Rainbow Minerals Ltd.

     944        17,779  

AngloGold Ashanti Ltd.

     808        17,611  

Aspen Pharmacare Holdings Ltd.*

     894        8,740  

Gold Fields Ltd.

     1,776        16,539  

Harmony Gold Mining Co., Ltd.*(b)

     4,088        17,331  

Impala Platinum Holdings Ltd.

     875        16,220  

Kumba Iron Ore Ltd.

     440        18,132  

MTN Group

     1,733        10,193  

MultiChoice Group

     3,594        31,385  

Shoprite Holdings Ltd.

     1,194        12,705  

Sibanye Stillwater Ltd.(b)

     3,108        13,681  

SPAR Group Ltd. (The)

     1,169        15,033  

Tiger Brands Ltd.

     1,035        14,772  

Vodacom Group Ltd.

     3,879        33,168  
     

 

 

 
Total South Africa

 

     243,289  
South Korea – 8.4%

 

BGF Retail Co., Ltd.

     139        19,405  

Cheil Worldwide, Inc.

     1,318        24,747  

CJ Logistics Corp.*

     168        27,165  

Hankook Tire & Technology Co., Ltd.

     787        34,109  

Hyundai Marine & Fire Insurance Co., Ltd.

     1,115        24,137  

Kia Motors Corp.

     451        33,036  

KT&G Corp.

     616        44,305  

Kumho Petrochemical Co., Ltd.

     219        51,279  

Meritz Securities Co., Ltd.

     4,732        19,275  

Pearl Abyss Corp.*

     111        30,218  

Samsung Electronics Co., Ltd.

     1,315        94,580  

Seegene, Inc.

     288        33,107  
     

 

 

 
Total South Korea

 

     435,363  
Taiwan – 19.6%

 

Accton Technology Corp.

     1,000        9,673  

Acer, Inc.

     19,000        20,942  

ASE Technology Holding Co., Ltd.

     4,000        15,070  

Asia Cement Corp.

     4,000        6,701  

Asustek Computer, Inc.

     2,000        26,110  

Catcher Technology Co., Ltd.

     2,000        14,825  

Cathay Financial Holding Co., Ltd.

     82,000        137,802  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2021

 

 

 

Investments    Shares      Value  

Cheng Shin Rubber Industry Co., Ltd.

     4,000      $ 6,757  

Chicony Electronics Co., Ltd.

     6,000        21,344  

China Life Insurance Co., Ltd.

     34,480        31,117  

Compal Electronics, Inc.

     23,000        21,523  

Delta Electronics, Inc.

     2,000        20,187  

Evergreen Marine Corp. Taiwan Ltd.*

     4,000        6,379  

Fubon Financial Holding Co., Ltd.

     67,000        133,375  

Globalwafers Co., Ltd.

     1,000        26,285  

Hon Hai Precision Industry Co., Ltd.

     4,000        17,383  

Innolux Corp.*

     15,000        11,092  

Inventec Corp.

     20,000        18,925  

Lite-On Technology Corp.

     10,000        22,010  

Micro-Star International Co., Ltd.

     3,000        18,295  

Novatek Microelectronics Corp.

     1,000        20,152  

Pegatron Corp.

     7,000        18,179  

Phison Electronics Corp.

     1,000        17,121  

Pou Chen Corp.

     5,000        5,783  

Powertech Technology, Inc.

     5,000        18,487  

President Chain Store Corp.

     1,000        9,533  

Quanta Computer, Inc.

     6,000        20,608  

Realtek Semiconductor Corp.

     1,000        17,313  

Standard Foods Corp.

     2,000        4,108  

Synnex Technology International Corp.

     11,000        21,011  

Taiwan Cement Corp.

     3,285        5,388  

Taiwan Semiconductor Manufacturing Co., Ltd.

     8,000        164,581  

Uni-President Enterprises Corp.

     2,000        5,117  

Unimicron Technology Corp.

     2,000        6,414  

United Microelectronics Corp.

     10,000        17,594  

Vanguard International Semiconductor Corp.

     4,000        15,140  

Win Semiconductors Corp.

     1,000        13,703  

Winbond Electronics Corp.

     6,000        6,203  

Wistron Corp.

     14,000        16,437  

WPG Holdings Ltd.

     12,000        20,524  
     

 

 

 
Total Taiwan

 

     1,009,191  
Turkey – 2.7%

 

Akbank T.A.S.

     56,439      31,983  

BIM Birlesik Magazalar AS

     1,966        16,771  

Eregli Demir ve Celik Fabrikalari T.A.S.

     9,855        18,171  

Ford Otomotiv Sanayi AS

     686        16,022  

Turkcell Iletisim Hizmetleri AS

     13,992        25,308  

Turkiye Is Bankasi AS Group C*

     28,647        16,684  

Yapi ve Kredi Bankasi AS*

     55,096        14,646  
     

 

 

 
Total Turkey

 

     139,585  
TOTAL COMMON STOCKS
(Cost: $4,366,554)

 

     5,117,775  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(d)

     
(Cost: $8,550)      8,550        8,550  
TOTAL INVESTMENTS IN SECURITIES – 99.3%
(Cost: $4,375,104)

 

     5,126,325  

Other Assets less Liabilities – 0.7%

 

     35,274  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 5,161,599  
* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $32,692 and the total market value of the collateral held by the Fund was $34,481. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $25,931.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree Emerging Markets Multifactor Fund^

  $     $ 97,989     $ 95,342     $ (2,647   $     $     $ 593  
^ 

As of March 31, 2021, the Fund did not hold a position in this affiliate.

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2021

 

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

Citibank N.A.

    4/8/2021       20,664       USD       6,376,092       HUF     $     $ (22

HSBC Holdings PLC

    4/1/2021       32,610       ZAR       2,177       USD       31        

HSBC Holdings PLC

    4/7/2021       175,644       USD       1,284,512       TRY       21,133        

Morgan Stanley & Co. International

    4/8/2021       46,494       USD       179,998       PLN       877        

State Street Bank and Trust

    4/5/2021       74,302       PHP       1,534       USD             (3
                                            $ 22,041     $ (25

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 5,117,775      $      $      $ 5,117,775  

Investment of Cash Collateral for Securities Loaned

            8,550               8,550  

Total Investments in Securities

   $ 5,117,775      $ 8,550      $      $ 5,126,325  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ 22,041      $      $ 22,041  

Liabilities:

 

     

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (25    $      $ (25

Total – Net

   $ 5,117,775      $ 30,566      $      $ 5,148,341  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.1%

 

Brazil – 4.2%      

B3 S.A. – Brasil Bolsa Balcao

     38,128      $ 369,050  

Banco Bradesco S.A.

     57,308        238,758  

Banco Bradesco S.A., Preference Shares

     83,394        395,615  

Banco do Brasil S.A.

     38,886        209,831  

Banco Santander Brasil S.A.

     28,896        202,779  

Cia de Saneamento Basico do Estado de Sao Paulo

     24,997        182,505  

Cia Paranaense de Energia, Class A, Preference Shares

     117,350        148,273  

CPFL Energia S.A.

     35,006        188,709  

Equatorial Energia S.A.

     60,036        263,848  

Itausa S.A., Preference Shares

     137,783        251,980  

Lojas Americanas S.A., Preference Shares

     46,449        184,051  

Lojas Renner S.A.

     30,213        228,030  

Petrobras Distribuidora S.A.

     41,407        162,018  

Porto Seguro S.A.

     18,771        156,275  

Raia Drogasil S.A.

     36,459        161,911  

Telefonica Brasil S.A.

     20,816        163,156  

TIM S.A.

     111,556        250,472  

WEG S.A.

     18,910        249,855  
     

 

 

 
Total Brazil

 

     4,007,116  
Chile – 0.7%      

Embotelladora Andina S.A., Class B, Preference Shares

     63,291        168,271  

Empresa Nacional de Telecomunicaciones S.A.

     31,370        197,591  

Enel Americas S.A.

     1,488,881        248,906  
     

 

 

 
Total Chile

 

     614,768  
China – 32.5%      

Anhui Conch Cement Co., Ltd., Class A

     37,800        295,365  

ANTA Sports Products Ltd.

     31,000        505,605  

Apeloa Pharmaceutical Co., Ltd., Class A

     24,300        105,467  

BAIC Motor Corp., Ltd., Class H(a)

     282,500        90,479  

Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Class A

     17,400        135,802  

Brilliance China Automotive Holdings Ltd.

     242,000        227,232  

BYD Electronic International Co., Ltd.(b)

     39,000        227,746  

Centre Testing International Group Co., Ltd., Class A

     25,200        109,565  

China Aoyuan Group Ltd.

     208,000        223,398  

China Conch Venture Holdings Ltd.

     72,000        338,493  

China Everbright Environment Group Ltd.

     232,000        156,965  

China Gas Holdings Ltd.

     74,200        303,979  

China Jinmao Holdings Group Ltd.

     486,000        195,039  

China Lesso Group Holdings Ltd.

     114,000        245,172  

China Medical System Holdings Ltd.

     208,000        411,481  

China Mengniu Dairy Co., Ltd.*

     81,000        463,634  

China Merchants Bank Co., Ltd., Class H

     77,500        591,634  

China National Building Material Co., Ltd., Class H

     324,000        467,593  

China Oilfield Services Ltd., Class H

     284,000        292,239  

China Overseas Land & Investment Ltd.

     90,000        233,843  

China Overseas Property Holdings Ltd.

     275,000        256,803  

China Railway Group Ltd., Class H

     319,000      168,641  

China Resources Beer Holdings Co., Ltd.

     42,000        329,271  

China Resources Cement Holdings Ltd.

     332,000        372,806  

China Resources Gas Group Ltd.

     58,000        321,540  

China Resources Land Ltd.

     85,000        411,637  

China Shenhua Energy Co., Ltd., Class H

     119,000        245,211  

China Yuhua Education Corp., Ltd.(a)

     144,000        112,800  

Chongqing Zhifei Biological Products Co., Ltd., Class A

     22,700        597,334  

CIFI Holdings Group Co., Ltd.

     416,000        403,455  

Country Garden Holdings Co., Ltd.(b)

     270,518        347,262  

Da An Gene Co., Ltd. of Sun Yat-Sen University, Class A

     17,100        79,383  

ENN Energy Holdings Ltd.

     28,100        450,716  

Far East Horizon Ltd.(b)

     343,000        412,070  

G-bits Network Technology Xiamen Co., Ltd., Class A

     1,100        62,458  

Geely Automobile Holdings Ltd.

     153,000        389,267  

Great Wall Motor Co., Ltd., Class H(b)

     108,500        300,751  

Guangdong Investment Ltd.

     124,000        201,923  

Guangzhou Shiyuan Electronic Technology Co., Ltd., Class A

     6,100        121,274  

Haitong Securities Co., Ltd., Class H

     167,200        154,631  

Hangzhou Tigermed Consulting Co., Ltd., Class A

     5,000        114,500  

Huaxin Cement Co., Ltd., Class A

     24,500        88,731  

Industrial & Commercial Bank of China Ltd., Class H

     809,000        580,648  

Jiangsu Hengli Hydraulic Co., Ltd., Class A

     9,500        129,638  

Jiangsu Hengrui Medicine Co., Ltd., Class A

     30,477        428,166  

Jiangsu Zhongnan Construction Group Co., Ltd., Class A

     64,500        68,682  

Kweichow Moutai Co., Ltd., Class A

     1,600        490,374  

KWG Group Holdings Ltd.

     276,000        472,162  

Lenovo Group Ltd.

     270,000        384,104  

Lepu Medical Technology Beijing Co., Ltd., Class A

     39,700        177,514  

Logan Group Co., Ltd.

     211,000        355,536  

Longfor Group Holdings Ltd.(a)

     80,500        533,253  

NetEase, Inc. ADR

     7,419        766,086  

New China Life Insurance Co., Ltd., Class H

     69,700        269,854  

People’s Insurance Co. Group of China Ltd. (The), Class H

     544,000        176,331  

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

     72,500        863,068  

Postal Savings Bank of China Co., Ltd., Class H(a)(b)

     419,000        313,127  

Seazen Holdings Co., Ltd., Class A

     19,140        142,492  

Shandong Weigao Group Medical Polymer Co., Ltd., Class H

     108,000        213,098  

Shanghai Baosight Software Co., Ltd., Class A

     9,100        81,116  

Shanghai Pharmaceuticals Holding Co., Ltd., Class H

     111,100        218,072  

Shenzhen Expressway Co., Ltd., Class H

     134,000        145,127  

Shenzhen International Holdings Ltd.

     129,232        216,427  

Shenzhou International Group Holdings Ltd.

     23,900        495,249  

Shimao Group Holdings Ltd.

     43,500        136,804  

Silergy Corp.

     3,000        242,351  

Sino Biopharmaceutical Ltd.

     437,000        437,312  

Sinotruk Hong Kong Ltd.

     215,500        645,853  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2021

 

 

 

Investments    Shares      Value  

SSY Group Ltd.(b)

     366,000      $ 213,260  

Sun Art Retail Group Ltd.(b)

     154,000        125,982  

Sunac China Holdings Ltd.

     80,000        343,175  

Sunny Optical Technology Group Co., Ltd.

     19,700        449,014  

Tencent Holdings Ltd.

     61,500        4,825,422  

Tingyi Cayman Islands Holding Corp.

     194,000        356,336  

Tsingtao Brewery Co., Ltd., Class H

     22,000        194,972  

Uni-President China Holdings Ltd.

     259,000        315,153  

Wanhua Chemical Group Co., Ltd., Class A

     9,500        153,043  

Want Want China Holdings Ltd.

     336,000        251,964  

Weichai Power Co., Ltd., Class H

     188,000        464,290  

Wuhan Guide Infrared Co., Ltd., Class A

     16,500        90,140  

Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd., Class A

     77,500        259,634  

Xinyi Solar Holdings Ltd.

     116,000        190,686  

Yealink Network Technology Corp Ltd., Class A

     9,000        93,597  

Yihai International Holding Ltd.*(b)

     47,000        486,658  

Yuexiu Property Co., Ltd.

     694,000        157,110  

Zhejiang Dingli Machinery Co., Ltd., Class A

     5,700        83,739  

Zhongsheng Group Holdings Ltd.

     90,700        639,320  

Zijin Mining Group Co., Ltd., Class H

     210,000        258,231  

Zoomlion Heavy Industry Science and Technology Co., Ltd., Class H

     137,200        195,888  
     

 

 

 
Total China

 

     30,693,253  
Hong Kong – 0.3%      

Bosideng International Holdings Ltd.

     412,000        185,479  

Vinda International Holdings Ltd.(b)

     37,000        124,929  
     

 

 

 
Total Hong Kong

 

     310,408  
Hungary – 0.2%      

Richter Gedeon Nyrt

     6,351        187,615  
India – 15.6%      

Adani Ports & Special Economic Zone Ltd.

     40,578        389,831  

Asian Paints Ltd.

     8,628        299,433  

Aurobindo Pharma Ltd.

     16,464        198,454  

Bajaj Finance Ltd.

     6,406        451,214  

Bandhan Bank Ltd.*(a)

     35,397        164,074  

Berger Paints India Ltd.

     21,741        227,479  

Britannia Industries Ltd.

     5,670        281,124  

Cipla Ltd.*

     45,436        506,538  

Colgate-Palmolive India Ltd.

     9,638        205,557  

Container Corp. of India Ltd.

     31,702        259,292  

Divi’s Laboratories Ltd.*

     4,114        203,849  

Dr. Reddy’s Laboratories Ltd.

     6,650        410,749  

GAIL India Ltd.

     152,678        282,955  

Grasim Industries Ltd.

     16,677        330,866  

Havells India Ltd.

     18,793        269,993  

HCL Technologies Ltd.

     20,997        282,200  

HDFC Asset Management Co., Ltd.(a)

     5,237        209,082  

Hindustan Unilever Ltd.

     15,136        503,369  

Indraprastha Gas Ltd.

     33,379        233,906  

Indus Towers Ltd.

     54,514        182,673  

Info Edge India Ltd.

     3,591        210,240  

Infosys Ltd.

     54,274        1,015,535  

ITC Ltd.

     96,857      289,457  

JSW Steel Ltd.

     84,281        540,000  

Jubilant Foodworks Ltd.*

     6,432        256,084  

Larsen & Toubro Ltd.

     14,943        289,995  

Marico Ltd.

     53,721        302,206  

Nestle India Ltd.

     1,777        417,193  

Petronet LNG Ltd.

     95,942        294,792  

Pidilite Industries Ltd.*

     11,589        286,802  

Piramal Enterprises Ltd.

     8,936        214,271  

Power Grid Corp. of India Ltd.

     122,509        361,342  

Reliance Industries Ltd.

     32,803        898,705  

Shree Cement Ltd.*

     905        364,722  

Shriram Transport Finance Co., Ltd.

     17,000        330,705  

Sun Pharmaceutical Industries Ltd.

     33,167        271,183  

Tata Consultancy Services Ltd.

     17,412        756,803  

Tech Mahindra Ltd.

     32,628        442,448  

Titan Co., Ltd.

     16,688        355,620  

Torrent Pharmaceuticals Ltd.

     5,852        203,705  

UltraTech Cement Ltd.

     3,605        332,226  

UPL Ltd.

     22,962        201,578  

Wipro Ltd.

     40,806        231,144  
     

 

 

 
Total India

 

     14,759,394  
Indonesia – 2.6%      

Bank Central Asia Tbk PT

     202,000        432,162  

Bank Mandiri Persero Tbk PT

     691,300        292,702  

Bank Rakyat Indonesia Persero Tbk PT

     1,311,000        397,136  

Charoen Pokphand Indonesia Tbk PT

     777,000        374,458  

Gudang Garam Tbk PT*

     72,000        179,319  

Indah Kiat Pulp & Paper Tbk PT

     665,600        478,865  

Kalbe Farma Tbk PT

     2,520,831        272,475  
     

 

 

 
Total Indonesia

 

     2,427,117  
Malaysia – 2.1%      

AMMB Holdings Bhd

     187,200        132,279  

Dialog Group Bhd

     261,000        195,758  

Hartalega Holdings Bhd

     196,000        422,110  

Kossan Rubber Industries

     78,400        61,638  

Petronas Gas Bhd

     40,000        154,347  

PPB Group Bhd

     31,300        139,648  

Sime Darby Bhd

     225,500        130,520  

Telekom Malaysia Bhd

     139,700        206,526  

Tenaga Nasional Bhd

     87,600        213,798  

Top Glove Corp. Bhd

     140,300        152,938  

Westports Holdings Bhd

     152,600        154,569  
     

 

 

 
Total Malaysia

 

     1,964,131  
Mexico – 0.8%      

Gruma S.A.B. de C.V., Class B

     20,360        240,204  

Grupo Bimbo S.A.B. de C.V. Series A

     150,275        315,085  

Kimberly-Clark de Mexico S.A.B. de C.V., Class A

     91,150        155,611  
     

 

 

 
Total Mexico

 

     710,900  
Philippines – 1.4%      

Bank of the Philippine Islands

     120,710        202,686  

Globe Telecom, Inc.

     6,475        250,796  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2021

 

 

 

Investments    Shares      Value  

International Container Terminal Services, Inc.

     137,470      $ 342,701  

Megaworld Corp.

     2,568,000        189,409  

Puregold Price Club, Inc.

     165,200        133,760  

Universal Robina Corp.

     69,590        190,687  
     

 

 

 
Total Philippines

 

     1,310,039  
Poland – 0.2%      

Polski Koncern Naftowy Orlen S.A.

     14,122        227,111  
Russia – 1.7%      

Mobile TeleSystems PJSC ADR

     25,503        212,695  

Novatek PJSC GDR(c)

     2,310        456,225  

Polymetal International PLC

     10,570        207,012  

Rosneft Oil Co. PJSC GDR(c)

     46,074        348,411  

Surgutneftegas PJSC ADR

     31,589        141,835  

VTB Bank PJSC GDR(c)

     184,417        201,014  
     

 

 

 
Total Russia

 

     1,567,192  
Singapore – 0.2%      

BOC Aviation Ltd.(a)

     19,200        185,963  
South Africa – 2.2%      

Anglo American Platinum Ltd.(b)

     3,536        515,365  

Exxaro Resources Ltd.

     26,507        312,097  

Gold Fields Ltd.

     25,208        234,748  

Kumba Iron Ore Ltd.

     9,695        399,520  

Sanlam Ltd.

     56,179        226,485  

SPAR Group Ltd. (The)

     19,524        251,073  

Vodacom Group Ltd.

     21,502        183,855  
     

 

 

 
Total South Africa

 

     2,123,143  
South Korea – 13.5%      

BGF Retail Co., Ltd.

     1,356        189,307  

Cheil Worldwide, Inc.

     13,475        253,010  

CJ CheilJedang Corp.

     429        155,793  

CJ Corp.

     2,091        173,673  

CJ ENM Co., Ltd.

     1,686        211,988  

DL Holdings Co., Ltd.

     1,488        115,043  

Douzone Bizon Co., Ltd.

     1,368        118,699  

Fila Holdings Corp.

     5,985        228,189  

GS Engineering & Construction Corp.

     12,599        478,690  

GS Retail Co., Ltd.

     3,945        132,981  

Hana Financial Group, Inc.

     10,917        412,854  

Hyundai Glovis Co., Ltd.

     1,125        186,382  

Korea Aerospace Industries Ltd.

     8,034        260,879  

Korea Investment Holdings Co., Ltd.

     3,039        229,855  

Korea Zinc Co., Ltd.

     453        163,508  

KT&G Corp.

     2,764        198,798  

Kumho Petrochemical Co., Ltd.

     3,436        804,542  

LG Corp.

     2,746        219,340  

LG Electronics, Inc.

     5,389        714,248  

LG Household & Health Care Ltd.

     301        417,557  

LG Household & Health Care Ltd., Preference Shares

     371        224,550  

LG Innotek Co., Ltd.

     1,295        235,143  

Mirae Asset Daewoo Co., Ltd.

     20,390        177,641  

NAVER Corp.

     1,812        603,600  

NCSoft Corp.

     639      492,907  

Orion Corp.

     1,356        156,957  

Posco International Corp.

     11,638        207,206  

S-1 Corp.

     2,495        180,112  

Samsung C&T Corp.

     2,109        232,004  

Samsung Electronics Co., Ltd.

     53,504        3,848,222  

Samsung SDS Co., Ltd.

     1,497        255,948  

Samsung Securities Co., Ltd.

     7,935        276,594  

Yuhan Corp.

     2,961        164,827  
     

 

 

 
Total South Korea

 

     12,721,047  
Taiwan – 18.8%      

Accton Technology Corp.

     29,000        280,517  

Advantech Co., Ltd.

     27,895        346,085  

Asia Cement Corp.

     182,000        304,896  

ASMedia Technology, Inc.

     3,000        156,661  

Chailease Holding Co., Ltd.

     72,264        498,931  

Chicony Electronics Co., Ltd.

     73,000        259,682  

E.Sun Financial Holding Co., Ltd.

     414,131        378,818  

Eclat Textile Co., Ltd.

     15,000        252,339  

Feng TAY Enterprise Co., Ltd.

     48,377        330,618  

Giant Manufacturing Co., Ltd.

     18,000        217,012  

Hiwin Technologies Corp.

     28,677        404,531  

Hon Hai Precision Industry Co., Ltd.

     176,000        764,869  

Largan Precision Co., Ltd.

     3,000        337,504  

Lite-On Technology Corp.

     115,000        253,110  

Micro-Star International Co., Ltd.

     73,000        445,169  

Nanya Technology Corp.

     126,000        405,825  

Nien Made Enterprise Co., Ltd.

     30,000        418,463  

Novatek Microelectronics Corp.

     41,000        826,236  

Powertech Technology, Inc.

     78,000        288,403  

President Chain Store Corp.

     37,000        352,714  

Quanta Computer, Inc.

     81,000        278,204  

Realtek Semiconductor Corp.

     34,000        588,652  

SinoPac Financial Holdings Co., Ltd.

     444,000        199,958  

Standard Foods Corp.

     145,000        297,796  

Synnex Technology International Corp.

     206,000        393,474  

Taiwan Cement Corp.

     179,000        293,597  

Taiwan Cooperative Financial Holding Co., Ltd.

     252,000        186,794  

Taiwan Semiconductor Manufacturing Co., Ltd.

     264,291        5,437,172  

United Microelectronics Corp.

     211,000        371,226  

Walsin Technology Corp.

     62,000        542,144  

Wistron Corp.

     170,000        199,594  

Wiwynn Corp.

     7,000        206,813  

Yageo Corp.

     38,000        736,481  

Yuanta Financial Holding Co., Ltd.

     309,000        243,665  

Zhen Ding Technology Holding Ltd.

     63,000        266,060  
     

 

 

 
Total Taiwan               17,764,013  
Thailand – 2.1%      

Charoen Pokphand Foods PCL NVDR

     176,800        166,899  

Energy Absolute PCL NVDR

     120,900        239,866  

Global Power Synergy PCL NVDR

     91,000        224,224  

Home Product Center PCL NVDR

     311,300        147,432  

Intouch Holdings PCL NVDR

     86,600        160,730  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2021

 

 

 

Investments    Shares      Value  

Krungthai Card PCL NVDR(b)

     128,900      $ 325,859  

Muangthai Capital PCL NVDR

     97,700        221,193  

Osotspa PCL NVDR

     115,300        130,058  

PTT Exploration & Production PCL NVDR

     70,300        256,454  

Thai Union Group PCL NVDR

     289,500        136,181  
     

 

 

 
Total Thailand               2,008,896  
Turkey – 1.0%      

Aselsan Elektronik Sanayi ve Ticaret AS

     158,760        286,780  

Ford Otomotiv Sanayi AS

     21,661        505,914  

Turkcell Iletisim Hizmetleri AS

     69,652        125,986  
     

 

 

 
Total Turkey               918,680  
TOTAL COMMON STOCKS
(Cost: $70,787,248)
              94,500,786  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1%

 

United States – 1.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d)

     
(Cost: $1,102,243)      1,102,243        1,102,243  
TOTAL INVESTMENTS IN SECURITIES – 101.2%
(Cost: $71,889,491)
        95,603,029  

Other Assets less Liabilities – (1.2)%

        (1,172,491
     

 

 

 
NET ASSETS – 100.0%             $ 94,430,538  
* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,095,951 and the total market value of the collateral held by the Fund was $3,639,473. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,537,230.

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

           

China

   $ 30,466,021      $ 227,232      $      $ 30,693,253  

Other

     63,807,533                      63,807,533  

Investment of Cash Collateral for Securities Loaned

            1,102,243               1,102,243  

Total Investments in Securities

   $ 94,273,554      $ 1,329,475      $      $ 95,603,029  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

Brazil – 4.4%

 

AES Brasil Energia S.A.

     1,551,191      $ 4,783,045  

Alupar Investimento S.A.

     216,920        986,000  

BR Properties S.A.

     297,684        453,674  

BrasilAgro – Co. Brasileira de Propriedades Agricolas

     141,264        568,761  

Cia de Locacao das Americas

     567,928        2,493,932  

Cia de Saneamento de Minas Gerais-COPASA

     946,377        2,532,393  

Cia de Saneamento do Parana

     1,160,815        4,525,595  

Cia Hering

     349,525        996,608  

Construtora Tenda S.A.

     269,233        1,240,008  

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     1,730,003        7,557,075  

Direcional Engenharia S.A.

     382,866        842,672  

Duratex S.A.

     694,175        2,299,155  

EDP – Energias do Brasil S.A.

     1,230,571        4,315,612  

Ez Tec Empreendimentos e Participacoes S.A.

     117,523        667,484  

Fleury S.A.

     604,208        2,741,046  

Grendene S.A.

     1,164,491        1,630,246  

Guararapes Confeccoes S.A.

     403,147        979,469  

Iguatemi Empresa de Shopping Centers S.A.

     157,393        1,043,151  

JHSF Participacoes S.A.

     733,372        904,531  

Movida Participacoes S.A.

     222,631        660,831  

Multiplan Empreendimentos Imobiliarios S.A.

     484,065        2,100,789  

Odontoprev S.A.

     1,041,300        2,426,563  

Qualicorp Consultoria e Corretora de Seguros S.A.

     161,809        870,265  

Sao Martinho S.A.

     287,846        1,512,939  

SLC Agricola S.A.

     324,490        2,566,938  

Smiles Fidelidade S.A.

     499,437        1,885,169  

TOTVS S.A.

     395,123        2,025,679  

Transmissora Alianca de Energia Eletrica S.A.

     3,647,870        25,159,507  

Wiz Solucoes e Corretagem de Seguros S.A.

     621,012        828,676  

YDUQS Participacoes S.A.

     637,516        3,017,553  
     

 

 

 
Total Brazil

 

     84,615,366  
Chile – 1.3%      

AES Gener S.A.

     28,002,879        4,757,449  

Empresa Nacional de Telecomunicaciones S.A.

     653,859        4,118,474  

Engie Energia Chile S.A.

     2,443,946        2,789,548  

Inversiones Aguas Metropolitanas S.A.

     3,268,360        2,570,467  

Parque Arauco S.A.

     2,302,267        4,502,624  

SMU S.A.

     14,430,858        2,370,325  

SONDA S.A.

     1,504,053        967,250  

Vina Concha y Toro S.A.

     1,377,314        2,371,572  
     

 

 

 
Total Chile

 

     24,447,709  
China – 18.2%      

Anhui Zhongding Sealing Parts Co., Ltd., Class A

     563,900        855,098  

Asia Cement China Holdings Corp.(a)

     4,505,000        4,618,314  

Asiainfo Technologies Ltd.(a)(b)

     1,147,200        1,764,821  

Ausnutria Dairy Corp., Ltd.*(a)

     2,011,000      2,633,238  

BAIC Motor Corp., Ltd., Class H(a)(b)

     11,954,000        3,828,626  

Bank of Chongqing Co., Ltd., Class H

     1,888,500        1,294,716  

Beijing Jingneng Clean Energy Co., Ltd., Class H(a)

     10,428,000        2,360,717  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.(a)

     837,000        1,143,353  

C&D International Investment Group Ltd.(a)

     2,905,000        5,268,604  

CECEP COSTIN New Materials Group Ltd.*

     4,614,000        1  

CECEP Solar Energy Co., Ltd., Class A

     2,562,700        2,678,031  

CECEP Wind-Power Corp., Class A

     1,799,800        1,180,647  

Central China Real Estate Ltd.(a)

     8,764,000        3,900,397  

Chaowei Power Holdings Ltd.

     2,104,000        790,240  

China Communications Services Corp., Ltd., Class H

     11,494,000        5,159,730  

China Everbright Greentech Ltd.(a)(b)

     3,891,000        1,581,534  

China Hanking Holdings Ltd.

     3,333,000        574,474  

China Harmony Auto Holding Ltd.(a)

     2,511,000        1,320,992  

China Kepei Education Group Ltd.(a)

     1,668,000        1,156,419  

China Lilang Ltd.

     4,845,000        3,147,136  

China Longyuan Power Group Corp., Ltd., Class H

     8,476,000        11,512,912  

China New Higher Education Group Ltd.(a)(b)

     2,556,000        1,423,571  

China Overseas Grand Oceans Group Ltd.

     11,722,000        7,659,418  

China Overseas Property Holdings Ltd.

     1,955,000        1,825,634  

China Power International Development Ltd.

     54,137,000        12,603,846  

China Reinsurance Group Corp., Class H

     51,116,000        5,457,142  

China Resources Double Crane Pharmaceutical Co., Ltd., Class A

     496,688        888,052  

China Resources Medical Holdings Co., Ltd.

     1,905,500        1,499,998  

China Risun Group Ltd., Class H(a)

     4,180,000        2,440,970  

China Sanjiang Fine Chemicals Co., Ltd.(a)

     15,391,000        7,206,071  

China SCE Group Holdings Ltd.

     14,201,000        6,575,848  

China South City Holdings Ltd.

     21,734,000        2,404,188  

China Tian Lun Gas Holdings Ltd.(a)

     1,859,000        1,810,113  

China Xinhua Education Group Ltd.(b)

     1,649,000        494,205  

Chinasoft International Ltd.*

     888,000        954,882  

Chongqing Department Store Co., Ltd., Class A

     257,276        1,185,707  

CIMC Enric Holdings Ltd.(a)

     4,518,000        3,225,296  

CIMC Vehicles Group Co., Ltd., Class H(b)

     2,284,000        1,809,702  

Cinda Real Estate Co., Ltd., Class A

     1,300,800        762,025  

CITIC Telecom International Holdings Ltd.

     14,344,000        5,073,799  

COFCO Joycome Foods Ltd.(a)

     12,854,000        6,596,925  

Colour Life Services Group Co., Ltd.*(a)

     1,706,000        746,085  

Consun Pharmaceutical Group Ltd.

     6,701,000        3,464,942  

COSCO Shipping Development Co., Ltd., Class H(a)

     28,610,000        4,673,604  

CPMC Holdings Ltd.(a)

     4,726,000        2,674,710  

CT Environmental Group Ltd.*(a)

     6,050,000        198,438  

DaFa Properties Group Ltd.(a)

     733,000        594,927  

Dexin China Holdings Co., Ltd.*(a)

     5,332,000        2,050,651  

Dongyue Group Ltd.(a)

     9,291,811        7,147,133  

Duiba Group Ltd.*(a)

     1,394,000        410,609  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Dynagreen Environmental Protection Group Co., Ltd., Class H

     1,473,000      $ 729,447  

E-House China Enterprise Holdings Ltd.(a)

     1,701,300        1,590,910  

EEKA Fashion Holdings Ltd.(a)

     254,000        354,155  

Fantasia Holdings Group Co., Ltd.*(a)

     6,378,000        836,787  

FAWER Automotive Parts Co., Ltd., Class A

     590,200        670,784  

FriendTimes, Inc.(a)

     3,126,000        1,117,800  

Fu Shou Yuan International Group Ltd.(a)

     1,548,000        1,586,937  

Fufeng Group Ltd.*

     8,217,000        2,959,386  

Fujian Funeng Co., Ltd., Class A

     682,300        1,005,495  

Fujian Green Pine Co., Ltd., Class A

     164,600        535,107  

Gansu Qilianshan Cement Group Co., Ltd., Class A

     1,274,200        2,861,361  

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

     6,587,500        5,405,945  

Greatview Aseptic Packaging Co., Ltd.

     6,848,000        3,408,828  

Greenland Hong Kong Holdings Ltd.

     9,923,000        3,586,573  

Guangdong Baolihua New Energy Stock Co., Ltd., Class A

     2,714,400        2,877,968  

Guizhou Bailing Group Pharmaceutical Co., Ltd., Class A

     616,100        747,215  

Hangcha Group Co., Ltd., Class A

     306,380        1,093,713  

Harbin Boshi Automation Co., Ltd., Class A

     497,100        1,073,827  

Hebei Construction Group Corp. Ltd., Class H

     448,500        149,991  

Hisense Home Appliances Group Co., Ltd., Class H

     1,848,000        3,090,122  

Homeland Interactive Technology Ltd.(a)

     900,000        574,189  

Hope Education Group Co., Ltd.(a)(b)

     4,508,000        1,507,605  

Huafa Industrial Co., Ltd. Zhuhai, Class A

     5,519,738        5,178,702  

Jiangsu Lihua Animal Husbandry Stock Co., Ltd., Class A

     110,400        623,158  

Jiangxi Wannianqing Cement Co., Ltd., Class A

     1,251,300        2,706,855  

Jiayuan International Group Ltd.

     7,784,000        3,203,931  

Jizhong Energy Resources Co., Ltd., Class A

     2,146,690        1,231,358  

JNBY Design Ltd.

     1,805,500        3,228,068  

Liuzhou Iron & Steel Co., Ltd., Class A

     1,897,000        1,869,507  

Long Yuan Construction Group Co., Ltd., Class A

     453,300        355,448  

Lonking Holdings Ltd.

     26,024,000        11,046,338  

Luxi Chemical Group Co., Ltd., Class A

     2,023,900        4,794,991  

LVGEM China Real Estate Investment Co., Ltd.

     3,822,000        1,037,298  

ORG Technology Co., Ltd., Class A

     931,000        764,116  

Pingdingshan Tianan Coal Mining Co., Ltd., Class A

     2,090,300        1,715,609  

Poly Property Services Co., Ltd.(a)

     78,800        547,331  

Powerlong Commercial Management Holdings Ltd.(a)

     216,000        715,420  

Q Technology Group Co., Ltd.

     625,000        1,271,794  

Qinhuangdao Port Co., Ltd., Class A

     3,088,500        1,314,556  

Redsun Properties Group Ltd.

     7,875,000        2,947,636  

S-Enjoy Service Group Co., Ltd.*(a)

     430,000        1,319,129  

Sailun Group Co., Ltd., Class A

     2,284,400        3,146,931  

Sany Heavy Equipment International Holdings Co., Ltd.

     3,232,000        3,837,102  

Shan Xi Hua Yang Group New Energy Co., Ltd., Class A

     2,418,666      1,867,040  

Shandong Chenming Paper Holdings Ltd., Class H(a)

     2,231,500        2,063,745  

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd., Class A

     1,105,730        1,735,768  

Shanghai AJ Group Co., Ltd., Class A

     2,139,330        2,326,991  

Shanghai Industrial Holdings Ltd.

     3,607,000        5,381,886  

Shanghai Industrial Urban Development Group Ltd.

     9,606,000        939,045  

Shanghai Mechanical and Electrical Industry Co., Ltd., Class A

     308,698        908,905  

Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd., Class A

     333,900        722,813  

Shanghai Yaoji Technology Co., Ltd., Class A

     139,000        507,228  

Shenzhen Expressway Co., Ltd., Class A

     991,592        1,600,464  

Shenzhen Expressway Co., Ltd., Class H(a)

     6,916,000        7,490,269  

Shenzhen Jinjia Group Co., Ltd., Class A

     654,785        969,941  

Shenzhen Tagen Group Co., Ltd., Class A

     3,266,300        3,189,065  

Shougang Fushan Resources Group Ltd.

     16,166,412        4,013,297  

Sichuan Languang Justbon Services Group Co., Ltd., Class H

     174,900        1,165,333  

Sinic Holdings Group Co., Ltd., Class H(a)

     2,916,000        1,481,545  

Sinofert Holdings Ltd.*

     10,516,000        1,352,636  

Sinoma International Engineering Co., Class A

     2,554,750        3,667,460  

Sinopec Kantons Holdings Ltd.(a)

     8,290,000        3,166,951  

Skyfame Realty Holdings Ltd.

     13,584,000        1,659,899  

SSY Group Ltd.(a)

     4,516,000        2,631,373  

Tangshan Sanyou Chemical Industries Co., Ltd., Class A

     1,090,500        1,801,696  

TCL Electronics Holdings Ltd.

     3,217,000        2,486,886  

Tian Di Science & Technology Co., Ltd., Class A

     3,329,800        1,706,808  

Tiangong International Co., Ltd.

     3,002,000        1,486,626  

Tianjin Guangyu Development Co., Ltd., Class A

     939,900        824,474  

Tianli Education International Holdings Ltd.

     800,000        782,049  

Tianneng Power International Ltd.(a)

     4,236,000        7,998,570  

Titan Wind Energy Suzhou Co., Ltd., Class A

     457,545        647,054  

Tong Ren Tang Technologies Co., Ltd., Class H

     2,845,888        1,943,760  

Virscend Education Co., Ltd.(b)

     7,572,000        1,519,377  

Wasu Media Holding Co., Ltd., Class A

     1,360,500        1,722,677  

Wellhope Foods Co., Ltd., Class A

     276,800        507,572  

Wisdom Education International Holdings Co., Ltd.(a)

     3,204,000        1,425,932  

Wuhan Department Store Group Co., Ltd., Class A

     316,100        610,982  

Xiamen ITG Group Corp., Ltd., Class A

     1,710,100        1,727,058  

Xiamen Xiangyu Co., Ltd., Class A

     2,376,600        2,331,280  

Xinxing Ductile Iron Pipes Co., Ltd., Class A

     5,903,400        3,620,392  

Xinyu Iron & Steel Co., Ltd., Class A

     2,943,200        2,577,264  

Xtep International Holdings Ltd.(a)

     7,751,800        4,536,744  

Yangtze Optical Fibre and Cable Joint Stock Ltd. Co., Class H(a)(b)

     648,000        823,497  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  

YiChang HEC ChangJiang Pharmaceutical Co., Ltd., Class H(a)(b)

     935,600      $ 994,032  

Yuzhou Group Holdings Co., Ltd.(a)

     22,799,700        6,803,736  

Zhejiang Hisoar Pharmaceutical Co., Ltd., Class A

     1,401,500        1,905,014  

Zhejiang Medicine Co., Ltd., Class A

     1,470,800        3,145,784  

Zhejiang Meida Industrial Co., Ltd., Class A

     457,900        1,273,458  

Zhejiang Sanmei Chemical Industry Co., Ltd., Class A

     261,437        683,206  

Zhengzhou Coal Mining Machinery Group Co., Ltd., Class A

     1,069,200        1,874,158  

Zhengzhou Coal Mining Machinery Group Co., Ltd., Class H(a)

     870,600        1,225,085  

Zhongshan Public Utilities Group Co., Ltd., Class A

     1,356,802        1,821,489  

Zhou Hei Ya International Holdings Co., Ltd.(a)(b)

     898,000        940,223  
     

 

 

 
Total China

 

     351,836,451  
Hong Kong – 1.4%      

Canvest Environmental Protection Group Co., Ltd.(a)

     2,933,000        1,354,369  

China High Speed Transmission Equipment Group Co., Ltd.(a)

     2,804,000        2,831,249  

China Water Affairs Group Ltd.(a)

     6,194,000        5,067,090  

Comba Telecom Systems Holdings Ltd.(a)

     1,564,000        402,344  

Concord New Energy Group Ltd.

     42,970,000        3,095,164  

Digital China Holdings Ltd.(a)

     2,049,000        1,433,743  

Guotai Junan International Holdings Ltd.(a)

     18,171,000        3,342,298  

IVD Medical Holding Ltd.

     1,742,000        486,226  

Ju Teng International Holdings Ltd.

     6,506,000        1,740,635  

NetDragon Websoft Holdings Ltd.(a)

     812,500        2,069,278  

Nissin Foods Co., Ltd.(a)

     959,000        730,248  

Perfect Shape Medical Ltd.

     6,268,000        3,571,602  

Prinx Chengshan Cayman Holding Ltd.

     703,000        734,246  

VPower Group International Holdings Ltd.(a)(b)

     1,431,000        331,316  
     

 

 

 
Total Hong Kong

 

     27,189,808  
Hungary – 0.1%      

Magyar Telekom Telecommunications PLC

     1,562,459        2,063,238  
India – 9.9%      

AIA Engineering Ltd.

     66,853        1,876,927  

Ajanta Pharma Ltd.

     41,981        1,028,887  

Amara Raja Batteries Ltd.

     244,709        2,857,637  

Apollo Tyres Ltd.

     866,692        2,651,745  

Avanti Feeds Ltd.

     78,962        447,601  

Balmer Lawrie & Co., Ltd.

     711,820        1,253,483  

Balrampur Chini Mills Ltd.

     295,419        866,696  

Birlasoft Ltd.

     317,857        1,100,117  

Blue Star Ltd.

     135,950        1,737,081  

Castrol India Ltd.

     1,770,983        3,035,054  

CCL Products India Ltd.

     186,208        595,830  

CESC Ltd.

     299,913        2,434,745  

Chambal Fertilizers and Chemicals Ltd.

     1,162,531        3,641,965  

Cochin Shipyard Ltd.(b)

     246,461        1,261,737  

Coforge Ltd.

     42,277        1,692,468  

CRISIL Ltd.

     91,739      2,307,473  

Cummins India Ltd.

     551,932        6,942,391  

Cyient Ltd.

     420,910        3,727,318  

DCM Shriram Ltd.

     166,479        1,141,112  

Deepak Nitrite Ltd.

     84,336        1,910,757  

Dr. Lal PathLabs Ltd.(b)

     27,008        999,976  

Emami Ltd.

     327,826        2,179,117  

Engineers India Ltd.

     3,199,986        3,370,076  

EPL Ltd.

     332,412        1,071,384  

Eris Lifesciences Ltd.(b)

     113,186        936,589  

Exide Industries Ltd.

     1,542,904        3,874,472  

Finolex Cables Ltd.

     227,441        1,185,053  

Finolex Industries Ltd.

     157,991        1,374,328  

Firstsource Solutions Ltd.

     1,434,692        2,235,030  

Glenmark Pharmaceuticals Ltd.

     103,956        660,729  

Godfrey Phillips India Ltd.

     69,333        868,396  

Godrej Agrovet Ltd.(b)

     54,512        390,534  

Great Eastern Shipping Co., Ltd. (The)

     495,603        2,119,643  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     342,795        1,407,493  

Gujarat State Fertilizers & Chemicals Ltd.

     724,667        805,805  

Gujarat State Petronet Ltd.

     679,085        2,538,892  

HeidelbergCement India Ltd.

     617,192        1,971,942  

Housing & Urban Development Corp. Ltd.

     1,548,835        928,914  

ICICI Securities Ltd.(b)

     321,506        1,683,302  

Indiabulls Housing Finance Ltd.*

     3,313,766        8,906,054  

Indian Energy Exchange Ltd.(b)

     424,048        1,930,187  

Indian Hotels Co., Ltd. (The)

     567,723        860,742  

IRB Infrastructure Developers Ltd.

     857,628        1,273,884  

IRCON International Ltd.(b)

     480,414        580,199  

JB Chemicals & Pharmaceuticals Ltd.

     73,836        1,267,852  

Jindal Saw Ltd.

     633,271        642,246  

JK Paper Ltd.

     611,408        1,253,109  

JSW Energy Ltd.

     999,854        1,201,377  

Jubilant Pharmova Ltd.

     133,252        1,241,325  

Jyothy Labs Ltd.

     465,517        871,009  

Kajaria Ceramics Ltd.

     81,647        1,035,080  

Kalpataru Power Transmission Ltd.

     168,861        870,706  

KEC International Ltd.*

     176,876        993,924  

L&T Finance Holdings Ltd.

     1,919,520        2,516,435  

L&T Technology Services Ltd.(b)

     44,228        1,605,398  

LIC Housing Finance Ltd.

     1,072,225        6,279,622  

Mahanagar Gas Ltd.

     194,318        3,106,776  

Manappuram Finance Ltd.

     682,668        1,393,090  

Metropolis Healthcare Ltd.(b)

     22,899        701,937  

MOIL Ltd.

     545,963        1,124,203  

Multi Commodity Exchange of India Ltd.

     87,207        1,804,583  

Natco Pharma Ltd.

     93,585        1,056,697  

Navin Fluorine International Ltd.

     36,877        1,389,563  

NIIT Ltd.

     896,490        1,690,872  

NLC India Ltd.

     2,149,877        1,481,989  

NOCIL Ltd.

     304,781        728,461  

Oil India Ltd.

     4,343,008        7,294,406  

Persistent Systems Ltd.

     58,901        1,548,418  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Phillips Carbon Black Ltd.

     318,488      $ 831,137  

Polyplex Corp. Ltd.

     205,072        2,420,573  

Prestige Estates Projects Ltd.

     201,052        840,355  

Rallis India Ltd.

     203,975        705,269  

Redington India Ltd.

     1,249,426        3,261,397  

Shriram Transport Finance Co., Ltd.

     165,969        3,228,636  

SJVN Ltd.

     7,685,890        2,738,437  

Sobha Ltd.

     149,840        895,489  

Sonata Software Ltd.

     687,932        4,791,096  

Sterling & Wilson Solar Ltd.*

     212,739        752,012  

Sterlite Technologies Ltd.

     568,850        1,510,942  

Sudarshan Chemical Industries

     110,223        781,140  

Sundaram Finance Ltd.

     97,058        3,412,255  

Sundram Fasteners Ltd.

     169,598        1,856,760  

Supreme Industries Ltd.

     87,664        2,449,214  

Tata Chemicals Ltd.

     732,961        7,536,750  

Tata Elxsi Ltd.

     74,657        2,749,740  

Thermax Ltd.

     70,969        1,304,138  

Timken India Ltd.

     212,262        3,763,966  

Torrent Power Ltd.

     1,259,182        7,298,782  

Trident Ltd.*

     6,162,723        1,184,268  

Varun Beverages Ltd.

     58,255        799,123  

Welspun Corp., Ltd.

     2,360,344        4,466,377  

Welspun India Ltd.

     685,835        758,404  

Yes Bank Ltd.*(c)

     5,997,912        1,279,751  
     

 

 

 
Total India

 

     191,378,854  
Indonesia – 1.5%      

Ace Hardware Indonesia Tbk PT

     12,160,800        1,276,779  

AKR Corporindo Tbk PT

     8,113,045        1,798,555  

Bank BTPN Syariah Tbk PT

     3,980,900        953,772  

Bank Danamon Indonesia Tbk PT

     6,733,000        1,265,479  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     48,946,528        4,903,077  

Bank Pembangunan Daerah Jawa Timur Tbk PT

     44,820,200        2,422,296  

Ciputra Development Tbk PT

     13,696,000        1,032,504  

Industri Jamu Dan Farmasi Sido Muncul Tbk PT

     38,498,100        2,080,620  

Japfa Comfeed Indonesia Tbk PT

     13,767,700        1,819,896  

Perusahaan Gas Negara Tbk PT

     53,388,500        4,833,451  

Surya Citra Media Tbk PT*

     15,018,500        1,757,759  

Tower Bersama Infrastructure Tbk PT

     22,904,915        3,264,246  

XL Axiata Tbk PT

     5,167,700        743,580  
     

 

 

 
Total Indonesia

 

     28,152,014  
Malaysia – 3.9%      

Aeon Co. M Bhd

     5,749,000        1,788,547  

AEON Credit Service M Bhd

     551,700        1,633,878  

Alliance Bank Malaysia Bhd*

     4,275,447        2,732,409  

Astro Malaysia Holdings Bhd

     9,055,800        2,096,604  

British American Tobacco Malaysia Bhd

     1,420,500        4,487,773  

Bursa Malaysia Bhd

     3,473,750        7,497,905  

Carlsberg Brewery Malaysia Bhd

     782,100        4,500,399  

Datasonic Group Bhd

     5,035,600        667,932  

DRB-Hicom Bhd

     1,683,000      779,298  

Duopharma Biotech Bhd

     1,232,700        817,539  

Frontken Corp. Bhd

     908,200        1,112,663  

Gamuda Bhd*

     5,393,886        4,656,967  

Genting Plantations Bhd

     898,700        1,972,307  

Globetronics Technology Bhd

     3,258,333        2,160,959  

Guan Chong Bhd

     968,300        733,260  

Heineken Malaysia Bhd

     600,200        3,734,513  

IJM Corp. Bhd

     7,728,900        3,150,088  

Inari Amertron Bhd

     5,355,775        4,236,571  

KPJ Healthcare Bhd

     6,302,500        1,565,555  

Lotte Chemical Titan Holding Bhd(b)

     2,142,200        1,317,403  

Magni-Tech Industries Bhd

     1,516,300        852,039  

Mah Sing Group Bhd

     9,256,700        1,886,389  

Malaysia Building Society Bhd

     19,469,000        3,098,888  

Mega First Corp. Bhd

     606,600        1,065,006  

MMC Corp. Bhd

     3,702,300        919,660  

My EG Services Bhd

     4,645,600        2,207,122  

Scientex Bhd

     3,012,900        2,913,717  

Serba Dinamik Holdings Bhd

     6,315,400        2,589,215  

SKP Resources Bhd

     1,462,500        779,483  

Syarikat Takaful Malaysia Keluarga Bhd

     835,200        956,759  

TIME dotCom Bhd

     1,339,000        4,617,798  

VS Industry Bhd

     1,881,625        1,293,291  

Yinson Holdings Bhd

     839,200        1,090,869  
     

 

 

 
Total Malaysia

 

     75,912,806  
Mexico – 1.9%      

Alpek S.A.B. de C.V.*

     4,333,382        4,038,884  

Bolsa Mexicana de Valores S.A.B. de C.V.

     3,383,620        6,821,648  

Corp. Inmobiliaria Vesta S.A.B. de C.V.

     3,631,583        7,600,224  

Grupo Herdez S.A.B. de C.V.

     787,765        1,701,007  

Grupo Lala S.A.B. de C.V.(a)

     2,244,570        1,497,441  

Industrias Bachoco S.A.B. de C.V. Series B(a)

     421,112        1,400,379  

La Comer S.A.B. de C.V.

     969,312        1,943,314  

Macquarie Mexico Real Estate Management S.A. de C.V.(b)

     3,599,275        4,484,031  

Megacable Holdings S.A.B. de C.V. Series CPO

     1,007,909        3,607,891  

Qualitas Controladora S.A.B. de C.V.(a)

     653,583        3,591,105  
     

 

 

 
Total Mexico

 

     36,685,924  
Philippines – 0.8%      

Bloomberry Resorts Corp.*

     13,458,800        1,929,915  

Century Pacific Food, Inc.

     3,586,100        1,365,359  

First Gen Corp.

     1,121,600        695,548  

Manila Water Co., Inc.*

     3,507,345        1,161,949  

Nickel Asia Corp.

     13,727,700        1,414,134  

Robinsons Land Corp.

     9,016,926        3,321,610  

Robinsons Retail Holdings, Inc.

     1,075,040        1,268,010  

Security Bank Corp.

     1,297,210        3,233,838  

Wilcon Depot, Inc.

     2,451,900        899,177  
     

 

 

 
Total Philippines

 

     15,289,540  
Poland – 0.4%      

Asseco Poland S.A.

     215,863        3,698,008  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  

LiveChat Software S.A.

     60,749      $ 1,936,702  

TEN Square Games S.A.

     3,888        510,386  

Warsaw Stock Exchange

     180,658        2,096,841  
     

 

 

 
Total Poland

 

     8,241,937  
Singapore – 0.3%      

IGG, Inc.

     4,745,000        6,115,532  
South Africa – 4.8%      

AECI Ltd.

     598,678        4,195,459  

African Rainbow Minerals Ltd.(a)

     1,206,641        22,726,077  

Allied Electronics Corp. Ltd., Class A

     901,962        610,827  

AVI Ltd.

     3,403,252        17,193,438  

Cashbuild Ltd.

     98,096        2,031,707  

Coronation Fund Managers Ltd.

     2,472,429        9,175,594  

DRDGOLD Ltd.(a)

     3,085,208        2,826,910  

Equites Property Fund Ltd.(a)

     5,130,012        6,541,818  

Italtile Ltd.

     2,024,460        2,303,288  

JSE Ltd.

     564,855        4,271,342  

Oceana Group Ltd.

     667,117        2,981,781  

PSG Group Ltd.(a)

     1,209,635        5,788,390  

SPAR Group Ltd. (The)

     918,929        11,817,180  
     

 

 

 
Total South Africa

 

     92,463,811  
South Korea – 14.7%      

Aekyung Industrial Co., Ltd.(a)

     29,455        645,446  

AfreecaTV Co., Ltd.

     9,765        677,316  

Ahnlab, Inc.

     49,624        2,871,988  

BGF Retail Co., Ltd.

     25,767        3,597,249  

Binggrae Co., Ltd.

     19,567        1,035,620  

BNK Financial Group, Inc.

     2,473,564        14,840,291  

Bukwang Pharmaceutical Co., Ltd.

     43,101        898,771  

Cheil Worldwide, Inc.

     306,830        5,761,111  

Chong Kun Dang Pharmaceutical Corp.

     6,431        784,164  

CJ Corp.

     41,294        3,429,765  

Com2uS Corp.

     12,175        1,818,047  

Cosmax, Inc.*

     7,419        799,751  

Daesang Corp.

     96,393        2,142,067  

Daesang Holdings Co., Ltd.

     72,734        694,082  

Daishin Securities Co., Ltd.

     327,236        4,698,551  

DB HiTek Co., Ltd.

     71,337        3,548,728  

DGB Financial Group, Inc.

     1,445,156        10,777,218  

Dohwa Engineering Co., Ltd.

     73,073        557,854  

Dong-A Socio Holdings Co., Ltd.

     7,120        679,443  

Dong-A ST Co., Ltd.

     12,806        947,084  

DongKook Pharmaceutical Co., Ltd.

     22,006        544,438  

Dongsuh Cos., Inc.

     243,347        6,869,836  

Dongsung Finetec Co., Ltd.

     77,594        949,571  

Dongwon Development Co., Ltd.

     341,201        1,627,997  

DoubleUGames Co., Ltd.

     9,754        590,368  

Douzone Bizon Co., Ltd.

     9,993        867,075  

e-Credible Co., Ltd.

     35,019        682,279  

E1 Corp.

     41,517        1,573,739  

EBEST Investment & Securities Co., Ltd.(a)

     196,217        1,263,903  

Echo Marketing, Inc.

     44,828        1,041,729  

Ecopro Co., Ltd.

     17,214        870,016  

Eugene Investment & Securities Co., Ltd.

     187,140      668,032  

F&F Co., Ltd.

     11,331        1,276,521  

Fila Holdings Corp.

     34,733        1,324,258  

GOLFZON Co., Ltd.

     11,747        935,193  

Green Cross Corp.

     3,179        1,012,617  

Green Cross Holdings Corp.

     66,789        2,056,635  

GS Engineering & Construction Corp.

     355,189        13,495,142  

HAESUNG DS Co., Ltd.

     45,443        1,337,090  

Halla Holdings Corp.

     65,390        2,357,333  

Handsome Co., Ltd.

     30,003        1,076,317  

Hanjin Transportation Co., Ltd.

     11,521        437,732  

Hankook & Co. Co., Ltd.

     70,597        1,154,004  

Hansol Chemical Co., Ltd.

     18,382        3,914,347  

Hansol Paper Co., Ltd.

     145,998        1,851,179  

Hanssem Co., Ltd.

     21,777        2,241,679  

Hanwha Corp.

     166,775        4,693,425  

Hanwha Systems Co., Ltd.

     113,916        2,224,470  

HDC Holdings Co., Ltd.

     90,871        903,290  

HDC Hyundai Development Co-Engineering & Construction

     79,832        2,070,306  

Hitejinro Holdings Co., Ltd.

     36,686        549,439  

Huchems Fine Chemical Corp.(a)

     98,980        1,906,573  

Huons Co., Ltd.

     13,252        656,892  

Hyosung Chemical Corp.*

     8,832        2,411,388  

Hyosung Corp.

     78,166        6,140,011  

Hyundai Department Store Co., Ltd.

     35,091        2,812,241  

Hyundai Elevator Co., Ltd.

     55,950        2,264,201  

Hyundai Greenfood Co., Ltd.

     197,407        1,840,198  

Hyundai Marine & Fire Insurance Co., Ltd.

     283,953        6,146,983  

Hyundai Motor Securities Co., Ltd.

     154,212        1,778,190  

Hyundai Wia Corp.(a)

     35,633        2,427,483  

iMarketKorea, Inc.

     170,353        1,365,232  

Innocean Worldwide, Inc.

     30,058        1,633,370  

IS Dongseo Co., Ltd.

     32,887        1,647,619  

JB Financial Group Co., Ltd.

     1,026,360        5,940,056  

JW Life Science Corp.

     36,878        619,114  

KEPCO Plant Service & Engineering Co., Ltd.(a)

     190,885        5,312,903  

Kginicis Co., Ltd.

     34,990        607,514  

KIWOOM Securities Co., Ltd.

     29,387        3,271,714  

Koentec Co., Ltd.

     168,024        1,328,752  

Kolon Industries, Inc.

     55,701        2,943,159  

Korea Aerospace Industries Ltd.

     159,420        5,176,660  

Korea Asset In Trust Co., Ltd.

     420,881        1,738,563  

Korea Electric Terminal Co., Ltd.(a)

     14,376        915,847  

Korea Petrochemical Ind Co., Ltd.

     8,824        2,537,850  

Korea Real Estate Investment & Trust Co., Ltd.

     1,776,357        3,782,656  

Korean Reinsurance Co.

     621,253        4,643,959  

KT Skylife Co., Ltd.

     114,755        876,062  

Kumho Industrial Co., Ltd.(a)

     185,322        1,608,007  

Kyungdong Pharm Co., Ltd.

     109,434        956,309  

LEENO Industrial, Inc.

     17,660        2,442,050  

LG International Corp.

     76,171        2,146,989  

LIG Nex1 Co., Ltd.

     31,293        1,110,151  

LOTTE Fine Chemical Co., Ltd.

     65,568        3,400,788  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  

LOTTE Himart Co., Ltd.

     37,169      $ 1,376,082  

LS Electric Co., Ltd.

     37,031        1,992,656  

Maeil Dairies Co., Ltd.

     10,079        643,880  

Mcnex Co., Ltd.

     23,921        1,173,064  

MegaStudyEdu Co., Ltd.(a)

     33,941        1,772,399  

Meritz Financial Group, Inc.

     268,523        4,080,933  

Meritz Fire & Marine Insurance Co., Ltd.

     413,540        7,070,465  

Meritz Securities Co., Ltd.

     2,112,409        8,604,555  

Mirae Asset Life Insurance Co., Ltd.(a)

     369,024        1,369,473  

NICE Holdings Co., Ltd.(a)

     50,966        770,063  

NICE Information Service Co., Ltd.

     50,922        1,140,599  

NongShim Co., Ltd.

     9,528        2,386,736  

Orion Holdings Corp.

     168,274        2,118,758  

Partron Co., Ltd.

     192,443        1,819,430  

PI Advanced Materials Co., Ltd.

     19,716        796,131  

Poongsan Corp.

     43,381        1,284,085  

Posco International Corp.

     281,893        5,018,903  

Samjin Pharmaceutical Co., Ltd.

     47,356        1,016,789  

Samyang Holdings Corp.

     28,111        2,327,370  

Samyang Packaging Corp.

     41,894        925,425  

SaraminHR Co., Ltd.

     27,398        852,140  

Seah Besteel Corp.

     68,589        1,124,211  

Seohee Construction Co., Ltd.

     836,534        1,204,816  

Seoul Semiconductor Co., Ltd.

     44,226        722,934  

SFA Engineering Corp.

     60,695        2,174,670  

Silicon Works Co., Ltd.

     35,970        2,402,767  

SK D&D Co., Ltd.

     19,425        663,376  

SK Discovery Co., Ltd.

     22,581        1,213,099  

SK Materials Co., Ltd.(a)

     9,045        2,485,527  

SKC Co., Ltd.

     30,121        3,419,968  

SNT Motiv Co., Ltd.

     40,718        2,234,228  

Taeyoung Engineering & Construction Co., Ltd.

     91,315        968,217  

Tailim Packaging Co., Ltd.*

     188,155        849,545  

Tongyang Life Insurance Co., Ltd.

     399,050        1,491,479  

Unid Co., Ltd.

     33,637        2,009,155  

WiSoL Co., Ltd.

     51,969        594,653  

Youlchon Chemical Co., Ltd.(a)

     53,176        956,158  

Youngone Corp.

     37,389        1,321,458  

Zinus, Inc.

     18,022        1,264,367  
     

 

 

 
Total South Korea

 

     283,694,554  
Taiwan – 26.3%      

AcBel Polytech, Inc.(a)

     1,644,303        1,668,334  

Acer, Inc.(a)

     5,229,000        5,763,574  

Arcadyan Technology Corp.*(a)

     515,681        2,096,485  

Asia Optical Co., Inc.(a)

     456,000        1,427,147  

Asia Vital Components Co., Ltd.(a)

     482,000        1,152,084  

ASROCK, Inc.(a)

     102,000        573,757  

Capital Securities Corp.(a)

     10,816,340        5,913,676  

Cathay Real Estate Development Co., Ltd.

     1,902,000        1,316,528  

Chang Wah Electromaterials, Inc.(a)

     1,675,000        2,392,186  

Charoen Pokphand Enterprise

     1,108,000        2,974,549  

Chenbro Micom Co., Ltd.(a)

     316,000        939,151  

Cheng Loong Corp.(a)

     3,432,000      4,197,834  

Cheng Uei Precision Industry Co., Ltd.

     2,012,000        3,388,238  

Chicony Electronics Co., Ltd.(a)

     4,302,652        15,305,757  

Chicony Power Technology Co., Ltd.

     726,625        2,078,036  

Chilisin Electronics Corp.(a)

     456,000        1,726,001  

Chin-Poon Industrial Co., Ltd.(a)

     954,000        1,098,339  

China Chemical & Pharmaceutical Co., Ltd.(a)

     1,000,000        809,589  

China Metal Products(a)

     595,000        675,639  

China Steel Chemical Corp.(a)

     544,726        2,052,292  

ChipMOS Technologies, Inc.

     1,937,000        3,003,969  

Chong Hong Construction Co., Ltd.(a)

     1,709,000        4,965,342  

Chroma ATE, Inc.(a)

     486,132        3,211,575  

Chung-Hsin Electric & Machinery Manufacturing Corp.(a)

     776,000        1,435,979  

Cleanaway Co., Ltd.

     502,161        3,044,680  

Compeq Manufacturing Co., Ltd.(a)

     2,723,000        4,094,091  

CTCI Corp.(a)

     1,206,190        1,602,166  

Cub Elecparts, Inc.(a)

     169,092        1,437,101  

DA CIN Construction Co., Ltd.(a)

     1,711,000        1,939,889  

Da-Li Development Co., Ltd.(a)

     1,174,988        1,282,756  

Darfon Electronics Corp.(a)

     913,000        1,516,707  

Daxin Materials Corp.

     316,000        1,044,363  

De Licacy Industrial Co., Ltd.(a)

     1,641,000        1,003,591  

Eastern Media International Corp.(a)

     1,919,000        1,146,706  

Elan Microelectronics Corp.(a)

     1,195,409        8,190,602  

Elite Advanced Laser Corp.(a)

     73,000        168,857  

Elite Material Co., Ltd.(a)

     1,070,163        6,338,539  

Elite Semiconductor Microelectronics Technology, Inc.(a)

     549,000        2,001,051  

Ennoconn Corp.(a)

     82,046        697,303  

Eternal Materials Co., Ltd.(a)

     3,489,494        4,396,569  

Eva Airways Corp.(a)

     3,843,664        2,114,938  

Everlight Electronics Co., Ltd.

     1,050,165        1,700,404  

Excelsior Medical Co., Ltd.

     608,000        1,252,949  

Far Eastern Department Stores Ltd.

     2,722,841        2,290,267  

Far Eastern International Bank(a)

     9,642,595        3,616,015  

Faraday Technology Corp.(a)

     416,000        759,598  

Farglory F T Z Investment Holding Co., Ltd.(a)

     525,000        540,953  

Farglory Land Development Co., Ltd.(a)

     2,231,640        4,458,118  

Feng Hsin Steel Co., Ltd.

     1,363,950        3,403,541  

FLEXium Interconnect, Inc.*(a)

     350,028        1,539,569  

Formosa International Hotels Corp.

     277,000        1,514,457  

Formosa Sumco Technology Corp.(a)

     158,000        750,324  

Formosan Union Chemical

     1,804,000        1,062,181  

Fortune Electric Co., Ltd.(a)

     389,000        616,227  

Foxsemicon Integrated Technology, Inc.(a)

     156,197        1,275,502  

Fusheng Precision Co., Ltd.(a)

     481,000        3,818,263  

Genius Electronic Optical Co., Ltd.(a)

     126,280        2,142,064  

Getac Technology Corp.(a)

     1,936,292        3,976,684  

Gigabyte Technology Co., Ltd.(a)

     1,224,000        4,281,190  

Global Brands Manufacture Ltd.

     740,000        822,136  

Global Mixed Mode Technology, Inc.(a)

     328,000        2,385,308  

Global Unichip Corp.(a)

     92,000        1,284,898  

Goldsun Building Materials Co., Ltd.

     1,134,000        1,075,060  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Grape King Bio Ltd.(a)

     436,988      $ 2,787,363  

Great Wall Enterprise Co., Ltd.(a)

     3,392,006        6,490,854  

Greatek Electronics, Inc.

     1,474,000        3,667,823  

HannsTouch Solution, Inc.(a)

     1,573,000        639,498  

Holtek Semiconductor, Inc.(a)

     1,027,773        3,364,315  

Holy Stone Enterprise Co., Ltd.(a)

     421,000        1,918,130  

Hong Pu Real Estate Development Co., Ltd.(a)

     1,423,000        1,127,109  

Hota Industrial Manufacturing Co., Ltd.(a)

     349,146        1,419,442  

Hotai Finance Co., Ltd.

     438,000        1,344,717  

Huaku Development Co., Ltd.(a)

     1,919,296        6,269,176  

Huang Hsiang Construction Corp.

     591,000        891,689  

IBF Financial Holdings Co., Ltd.(a)

     12,601,684        7,463,935  

Iron Force Industrial Co., Ltd.(a)

     275,000        756,580  

ITE Technology, Inc.(a)

     626,000        2,134,714  

ITEQ Corp.(a)

     511,000        2,444,590  

Jentech Precision Industrial Co., Ltd.(a)

     84,000        844,916  

Kenda Rubber Industrial Co., Ltd.(a)

     917,000        1,417,296  

Kindom Development Co., Ltd.(a)

     1,293,000        1,792,246  

King Slide Works Co., Ltd.(a)

     114,004        1,316,522  

King Yuan Electronics Co., Ltd.(a)

     5,554,000        8,019,654  

King’s Town Bank Co., Ltd.

     3,326,000        4,592,731  

Kinik Co.(a)

     370,495        929,711  

Kinpo Electronics(a)

     2,529,000        1,161,108  

Kinsus Interconnect Technology Corp.(a)

     278,000        1,091,228  

Kung Long Batteries Industrial Co., Ltd.(a)

     480,000        2,489,749  

Kuoyang Construction Co., Ltd.(a)

     1,481,989        2,072,385  

L&K Engineering Co., Ltd.

     804,000        917,191  

Lien Hwa Industrial Holdings Corp.(a)

     2,153,138        3,573,094  

Longchen Paper & Packaging Co., Ltd.

     264,026        231,334  

Lotes Co., Ltd.(a)

     150,977        2,643,010  

Machvision, Inc.(a)

     77,000        767,760  

Macronix International Co., Ltd.(a)

     4,372,000        6,795,577  

Makalot Industrial Co., Ltd.(a)

     523,882        4,525,879  

Marketech International Corp.(a)

     128,000        504,679  

Mercuries & Associates Holding Ltd.(a)

     1,931,000        1,427,964  

Merida Industry Co., Ltd.(a)

     361,043        4,416,080  

Merry Electronics Co., Ltd.(a)

     603,030        2,810,885  

Mirle Automation Corp.(a)

     733,560        1,257,179  

Namchow Holdings Co., Ltd.

     93,000        154,984  

Nan Kang Rubber Tire Co., Ltd.(a)

     790,000        1,153,174  

Nan Liu Enterprise Co., Ltd.(a)

     61,000        384,818  

Nan Pao Resins Chemical Co., Ltd.

     272,000        1,525,251  

Nantex Industry Co., Ltd.(a)

     988,615        3,811,294  

Nichidenbo Corp.(a)

     1,353,000        2,508,453  

Nuvoton Technology Corp.(a)

     123,872        249,194  

Pan Jit International, Inc.(a)

     954,000        1,788,771  

Pan-International Industrial Corp.(a)

     2,005,000        3,137,534  

Phoenix Silicon International Corp.(a)

     372,000        696,204  

Polytronics Technology Corp.(a)

     303,017        1,396,514  

Power Wind Health Industry, Inc.(a)

     98,000        568,430  

Powertech Technology, Inc.

     3,465,000        12,811,744  

President Securities Corp.

     4,228,000        3,482,214  

Primax Electronics Ltd.(a)

     2,213,000        4,932,773  

Prince Housing & Development Corp.

     4,277,000        1,648,863  

Promate Electronic Co., Ltd.

     1,409,000      1,970,319  

Qisda Corp.

     4,241,000        5,090,746  

Quang Viet Enterprise Co., Ltd.(a)

     244,000        1,026,180  

Radium Life Tech Co., Ltd.

     1,504,000        603,540  

Rexon Industrial Corp., Ltd.(a)

     445,000        1,470,701  

Ruentex Development Co., Ltd.

     1,090,000        1,890,968  

Ruentex Industries Ltd.(a)

     1,800,200        5,028,421  

Sampo Corp.(a)

     1,560,000        1,675,744  

Sanyang Motor Co., Ltd.(a)

     2,931,000        3,184,418  

SCI Pharmtech, Inc.(a)

     269,000        881,488  

SDI Corp.

     337,000        963,768  

Sercomm Corp.(a)

     922,488        2,395,695  

Shin Foong Specialty & Applied Materials Co., Ltd.(a)

     125,000        1,005,415  

Shin Zu Shing Co., Ltd.

     212,000        977,044  

Shiny Chemical Industrial Co., Ltd.(a)

     202,000        817,685  

Sigurd Microelectronics Corp.*(a)

     248,000        454,575  

Sinbon Electronics Co., Ltd.(a)

     523,120        4,840,139  

Sincere Navigation Corp.(a)

     1,488,000        1,142,088  

Sinon Corp.(a)

     2,637,000        2,134,886  

Sitronix Technology Corp.(a)

     358,000        2,998,703  

Sonix Technology Co., Ltd.(a)

     451,000        1,612,238  

Standard Chemical & Pharmaceutical Co., Ltd.

     449,000        612,924  

Standard Foods Corp.(a)

     2,139,896        4,394,838  

Stark Technology, Inc.

     752,000        1,863,330  

Sunny Friend Environmental Technology Co., Ltd.

     252,000        2,009,252  

Sunonwealth Electric Machine Industry Co., Ltd.(a)

     613,000        1,136,498  

Supreme Electronics Co., Ltd.

     2,147,000        3,220,538  

Swancor Holding Co., Ltd.(a)

     158,000        764,168  

Syncmold Enterprise Corp.

     675,915        2,072,778  

Synnex Technology International Corp.(a)

     7,935,600        15,157,544  

Systex Corp.(a)

     1,156,000        3,549,069  

Ta Ya Electric Wire & Cable(a)

     903,120        626,705  

TA-I Technology Co., Ltd.(a)

     244,000        684,975  

Taichung Commercial Bank Co., Ltd.

     5,342,711        2,153,337  

Taiflex Scientific Co., Ltd.(a)

     327,000        609,694  

Taisun Enterprise Co., Ltd.(a)

     1,425,000        1,498,265  

Taiwan Business Bank

     7,567,852        2,641,706  

Taiwan Cogeneration Corp.(a)

     1,867,970        2,543,393  

Taiwan Fertilizer Co., Ltd.(a)

     3,073,000        6,085,042  

Taiwan Hon Chuan Enterprise Co., Ltd.

     1,542,692        3,741,432  

Taiwan Mask Corp.(a)

     530,300        1,328,863  

Taiwan Navigation Co., Ltd.(a)

     1,470,000        1,236,463  

Taiwan Paiho Ltd.(a)

     694,000        1,977,437  

Taiwan PCB Techvest Co., Ltd.(a)

     1,477,302        2,687,133  

Taiwan Sakura Corp.(a)

     985,000        2,022,956  

Taiwan Secom Co., Ltd.(a)

     1,036,000        3,387,614  

Taiwan Styrene Monomer

     2,423,000        1,638,941  

Taiwan Surface Mounting Technology Corp.(a)

     434,000        1,779,624  

Teco Electric and Machinery Co., Ltd.(a)

     4,234,683        4,801,177  

Test Research, Inc.(a)

     1,037,115        2,148,162  

Thinking Electronic Industrial Co., Ltd.(a)

     336,000        2,260,961  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Tong Hsing Electronic Industries Ltd.(a)

     155,552      $ 1,114,863  

Tong Yang Industry Co., Ltd.(a)

     1,463,685        1,859,551  

Topco Scientific Co., Ltd.(a)

     875,521        4,188,435  

Topkey Corp.(a)

     285,000        1,777,941  

Transcend Information, Inc.(a)

     795,479        1,820,516  

Tripod Technology Corp.(a)

     2,709,928        13,344,019  

TSRC Corp.

     476,000        472,113  

Tung Ho Steel Enterprise Corp.(a)

     3,145,153        4,910,685  

TXC Corp.

     593,549        2,132,225  

TYC Brother Industrial Co., Ltd.(a)

     700,000        574,072  

U-Ming Marine Transport Corp.(a)

     2,700,420        3,908,714  

Unitech Printed Circuit Board Corp.(a)

     1,433,000        1,097,363  

United Integrated Services Co., Ltd.(a)

     955,000        8,283,829  

Universal Cement Corp.

     2,357,000        1,891,680  

USI Corp.

     2,513,000        2,245,873  

Visual Photonics Epitaxy Co., Ltd.(a)

     354,750        1,473,307  

Wah Lee Industrial Corp.

     1,024,000        2,942,838  

Walsin Lihwa Corp.(a)

     4,118,000        2,742,158  

Wan Hai Lines Ltd.(a)

     3,492,000        6,743,392  

Wei Chuan Foods Corp.

     1,648,000        1,244,678  

Weikeng Industrial Co., Ltd.

     1,493,431        1,101,767  

Winbond Electronics Corp.(a)

     1,376,000        1,422,633  

Wistron NeWeb Corp.(a)

     656,722        1,714,709  

WPG Holdings Ltd.

     5,355,058        9,158,758  

WT Microelectronics Co., Ltd.(a)

     1,040,678        1,719,692  

YC INOX Co., Ltd.

     1,431,793        1,347,340  

YFY, Inc.(a)

     4,880,000        5,387,446  

Yulon Finance Corp.

     768,500        3,420,583  

ZongTai Real Estate Development Co., Ltd.(a)

     1,238,000        1,683,468  
     

 

 

 
Total Taiwan

 

     509,844,234  
Thailand – 8.0%      

AP Thailand PCL NVDR

     7,571,800        1,986,840  

Bangkok Chain Hospital PCL NVDR

     2,465,000        1,159,536  

Bangkok Commercial Asset Management PCL NVDR(a)

     9,637,500        6,692,280  

Bangkok Land PCL NVDR

     44,343,614        1,674,415  

Banpu Power PCL NVDR

     3,690,700        2,373,858  

BCPG PCL NVDR(a)

     3,428,312        1,612,678  

Chularat Hospital PCL NVDR

     24,917,700        2,328,310  

Com7 PCL NVDR

     1,263,800        2,588,262  

Dynasty Ceramic PCL NVDR(a)

     26,311,200        2,222,770  

Eastern Polymer Group PCL NVDR

     5,001,100        1,632,359  

Eastern Water Resources Development and Management PCL NVDR

     2,580,800        834,115  

GFPT PCL NVDR(a)

     1,622,100        628,077  

Gunkul Engineering PCL NVDR(a)

     30,727,800        3,677,503  

Hana Microelectronics PCL NVDR

     1,852,300        3,274,866  

Ichitan Group PCL NVDR

     3,037,800        1,370,655  

Jay Mart PCL NVDR

     3,275,000        4,480,200  

JMT Network Services PCL NVDR

     1,139,100        1,694,981  

KCE Electronics PCL NVDR

     1,564,500        2,803,584  

MC Group PCL NVDR

     3,267,600        1,171,108  

MCS Steel PCL NVDR

     2,754,000        1,233,792  

Mega Lifesciences PCL NVDR

     981,800        1,076,053  

MK Restaurants Group PCL NVDR

     1,511,200      2,683,891  

Noble Development PCL NVDR(a)

     14,056,100        3,823,259  

Origin Property PCL NVDR

     5,110,200        1,381,798  

Polyplex Thailand PCL NVDR(a)

     2,257,500        1,661,520  

Prima Marine PCL NVDR(a)

     4,033,600        1,045,509  

Pruksa Holding PCL NVDR

     4,099,800        1,679,278  

PTG Energy PCL NVDR(a)

     1,913,300        1,261,247  

Quality Houses PCL NVDR

     41,908,700        3,299,053  

Sabina PCL NVDR

     1,228,300        837,209  

SC Asset Corp. PCL NVDR

     19,461,300        2,017,748  

Siam City Cement PCL NVDR

     377,754        2,006,629  

Siamgas & Petrochemicals PCL NVDR(a)

     4,071,800        1,498,422  

Sino-Thai Engineering & Construction PCL NVDR(a)

     2,540,300        1,284,376  

SPCG PCL NVDR

     5,634,100        3,515,679  

Sri Trang Agro-Industry PCL NVDR

     1,533,400        2,293,966  

Srisawad Corp. PCL NVDR

     2,338,100        6,378,337  

Srisawad Finance PCL NVDR

     989,800        1,053,147  

Supalai PCL NVDR

     6,250,500        4,280,343  

Super Energy Corp. PCL NVDR*(a)

     21,454,700        693,416  

Synnex Thailand PCL NVDR

     1,271,900        968,679  

Taokaenoi Food & Marketing PCL NVDR(a)

     1,714,780        548,730  

Thai Union Group PCL NVDR

     9,074,200        4,268,504  

Thai Vegetable Oil PCL NVDR

     3,536,800        3,593,389  

Thaifoods Group PCL NVDR

     7,901,200        1,365,327  

Thanachart Capital PCL NVDR(a)

     7,229,100        8,790,586  

Tipco Asphalt PCL NVDR(a)

     7,107,000        4,707,677  

Tisco Financial Group PCL NVDR

     5,438,200        16,923,679  

TPI Polene PCL NVDR

     25,956,200        1,553,219  

TPI Polene Power PCL NVDR

     44,367,800        6,218,591  

TQM Corp. PCL NVDR(a)

     372,100        1,458,632  

TTW PCL NVDR

     12,998,300        4,908,158  

Union Auction PCL NVDR(a)

     1,420,300        499,946  

VGI PCL NVDR(a)

     3,631,700        842,554  

Vinythai PCL NVDR

     2,149,400        2,613,670  

WHA Corp. PCL NVDR(a)

     42,716,300        4,756,887  

WHA Utilities and Power PCL NVDR(a)

     9,897,900        1,418,963  
     

 

 

 
Total Thailand               154,648,260  
Turkey – 1.6%      

Aksa Akrilik Kimya Sanayii AS

     1,701,523        3,330,575  

Aksigorta AS

     1,019,098        993,701  

Alkim Alkali Kimya A/S(a)

     575,304        1,219,947  

Anadolu Anonim Turk Sigorta Sirketi

     1,656,149        1,304,708  

Anadolu Hayat Emeklilik AS

     1,185,157        1,341,782  

AvivaSA Emeklilik ve Hayat AS, Class A

     443,325        940,618  

Celebi Hava Servisi AS

     26,475        907,531  

EGE Endustri VE Ticaret AS

     5,738        1,094,735  

Enerjisa Enerji AS(b)

     2,948,563        4,168,336  

Is Yatirim Menkul Degerler A/S, Class A

     1,037,055        1,967,287  

Otokar Otomotiv Ve Savunma Sanayi AS

     56,783        2,489,841  

TAV Havalimanlari Holding AS*

     1,629,717        4,017,064  

Tofas Turk Otomobil Fabrikasi AS

     1,410,883        5,642,680  

Turk Traktor ve Ziraat Makineleri AS

     46,194        1,153,699  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Turkiye Sise ve Cam Fabrikalari AS

     1,410,595      $ 1,240,796  
     

 

 

 
Total Turkey               31,813,300  
TOTAL COMMON STOCKS
(Cost: $1,561,341,623)
              1,924,393,338  
WARRANTS – 0.0%      
Malaysia – 0.0%      

Serba Dinamik Holdings Bhd, expiring 12/5/24*

     922,800        45,622  
Thailand – 0.0%      

BCPG PCL, expiring 11/13/22*

     121,326        26,012  

BCPG PCL, expiring 11/13/23*

     121,326        26,012  

MBK PLC, expiring 3/24/22*

     114,561        45,091  

Noble Development PCL, expiring 1/12/24*(a)

     3,355,200        251,238  
     

 

 

 
Total Thailand               348,353  

TOTAL WARRANTS

(Cost: $0)

              393,975  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree Emerging Markets High Dividend Fund(a)(d)

     
(Cost: $2,177,936)      50,152        2,224,743  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5%

 

United States – 1.5%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(e)

 

(Cost: $29,682,870)      29,682,870        29,682,870  

TOTAL INVESTMENTS IN SECURITIES – 101.1%

(Cost: $1,593,202,429)

 

 

     1,956,694,926  

Other Assets less Liabilities – (1.1)%

        (21,482,369
     

 

 

 
NET ASSETS – 100.0%             $ 1,935,212,557  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $198,439, which represents 0.01% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $267,000,607. The Fund also had securities on loan having a total market value of $146,880 that were sold and pending settlement. The total market value of the collateral held by the Fund was $317,516,588. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $287,833,718.

 

(b) 

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

 

(c) 

This security, or a portion thereof, is restricted from resale (see Note 2 – Restricted Securities). In accordance with a reconstruction scheme notified by the government of India applicable to Yes Bank Ltd., effective March 16, 2020, 75% of all shares of Yes Bank Ltd. held by then-existing shareholders are subject to a three-year lock-in period and are unable to be sold. At March 31, 2021, the value of the restricted portion of this security is as follows:

 

Investment  

Restricted

Shares

   

Acquisition

Date

    Acquisition
Cost
    Value    

Value as a

Percentage

of Net
Assets

 

India

         

Yes Bank
Ltd.

    5,997,912      
10/18/19 –
1/10/20
 
 
  $ 4,322,484     $ 1,279,751       0.1

 

(d) 

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

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES               

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree Emerging Markets Dividend Fund

  $ 2,677,653     $ 41,124,737     $ 42,185,829     $ (164,445   $ 772,627     $ 2,224,743     $ 258,040  

 

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

Goldman Sachs

    4/5/2021       638,256       USD       5,290,000       TRY     $     $ (923

Goldman Sachs

    4/6/2021       961,381       USD       14,200,000       ZAR             (272

Merrill Lynch International

    4/1/2021       3,640,939       BRL       631,406       USD       13,807        

Morgan Stanley & Co. International

    4/1/2021       44,178       BRL       7,674       USD       155        

State Street Bank and Trust

    4/1/2021       1,514,185       USD       47,500,000       THB             (5,814

UBS AG

    4/1/2021       18,273,634       HKD       2,350,572       USD             (99
                                            $ 13,962     $ (7,108

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2021

 

FAIR VALUATION SUMMARY               

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

           

China

   $ 351,638,012      $      $ 198,439 *     $ 351,836,451  

Other

     1,572,556,887                      1,572,556,887  

Warrants

     348,884        45,091               393,975  

Exchange-Traded Fund

     2,224,743                      2,224,743  

Investment of Cash Collateral for Securities Loaned

            29,682,870               29,682,870  

Total Investments in Securities

   $ 1,926,768,526      $ 29,727,961      $ 198,439      $ 1,956,694,926  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 13,962      $      $ 13,962  

Liabilities:

        

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (7,108    $      $ (7,108

Total – Net

   $ 1,926,768,526      $ 29,734,815      $ 198,439      $ 1,956,701,780  
* 

Securities are being fair valued using significant unobservable inputs by the Pricing Committee.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Schedule of Investments

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

Australia – 7.2%

 

Breville Group Ltd.

     15,519      $ 319,141  

CSL Ltd.

     24,619        4,962,468  

Domino’s Pizza Enterprises Ltd.(a)

     13,285        973,908  

Evolution Mining Ltd.

     376,128        1,168,830  

Mineral Resources Ltd.

     61,830        1,790,469  

Netwealth Group Ltd.

     13,338        136,942  

Northern Star Resources Ltd.

     54,725        395,139  

Rio Tinto Ltd.

     186,206        15,706,986  

WiseTech Global Ltd.

     2,664        58,943  
     

 

 

 
Total Australia

 

     25,512,826  
Belgium – 0.1%

 

Melexis N.V.

     5,115        542,552  
Brazil – 0.5%

 

Engie Brasil Energia S.A.

     108,670        805,541  

Equatorial Energia S.A.

     89,596        393,759  

Hapvida Participacoes e Investimentos S.A.(b)

     21,046        55,496  

Localiza Rent a Car S.A.

     22,317        236,221  

Lojas Renner S.A.

     35,327        266,627  

Magazine Luiza S.A.

     45,513        163,243  
     

 

 

 
Total Brazil

 

     1,920,887  
Canada – 8.1%

 

Alimentation Couche-Tard, Inc., Class B

     36,403        1,173,608  

B2Gold Corp.

     96,829        416,792  

Canadian National Railway Co.

     94,266        10,938,261  

Canadian Pacific Railway Ltd.

     10,009        3,822,509  

CCL Industries, Inc., Class B

     19,208        1,062,450  

CI Financial Corp.(a)

     81,963        1,183,617  

Constellation Software, Inc.

     638        890,890  

Enghouse Systems Ltd.

     1,840        85,335  

Metro, Inc.

     28,154        1,284,218  

Northland Power, Inc.(a)

     39,075        1,416,133  

Restaurant Brands International, Inc.

     86,965        5,655,129  

Toromont Industries Ltd.

     8,958        685,579  
     

 

 

 
Total Canada

 

     28,614,521  
China – 5.5%

 

A-Living Smart City Services Co., Ltd., Class H(b)

     14,500        64,345  

ANTA Sports Products Ltd.

     48,000        782,872  

Ausnutria Dairy Corp., Ltd.*(a)

     59,000        77,256  

China East Education Holdings Ltd.(a)(b)

     47,500        103,499  

China Feihe Ltd.(b)

     327,000        925,339  

China Medical System Holdings Ltd.

     232,000        458,960  

China Meidong Auto Holdings Ltd.

     34,000        157,657  

China Overseas Property Holdings Ltd.

     155,000        144,743  

Country Garden Services Holdings Co., Ltd.

     17,000        172,308  

CSPC Pharmaceutical Group Ltd.

     911,968        1,102,650  

Dali Foods Group Co., Ltd.(b)

     637,000        362,153  

ENN Energy Holdings Ltd.

     105,400        1,690,586  

Fu Shou Yuan International Group Ltd.

     134,000        137,371  

Greentown Service Group Co., Ltd.(a)

     112,000        170,281  

Health & Happiness H&H International Holdings Ltd.

     64,000        242,847  

Li Ning Co., Ltd.

     62,000      402,729  

Logan Group Co., Ltd.

     236,000        397,662  

Midea Real Estate Holding Ltd.(a)(b)

     187,400        396,280  

S-Enjoy Service Group Co., Ltd.*

     14,000        42,948  

Seazen Group Ltd.*

     740,000        909,003  

Shenzhou International Group Holdings Ltd.

     69,600        1,442,232  

Sino Biopharmaceutical Ltd.

     181,875        182,005  

SITC International Holdings Co., Ltd.

     357,000        1,209,983  

Sunny Optical Technology Group Co., Ltd.

     17,300        394,312  

Tencent Holdings Ltd.

     78,100        6,127,893  

Topsports International Holdings Ltd.(b)

     167,000        248,746  

WuXi AppTec Co., Ltd., Class H(b)

     4,600        90,468  

Xinyi Solar Holdings Ltd.(a)

     409,428        673,037  

Yihai International Holding Ltd.*(a)

     3,000        31,063  

Zhongliang Holdings Group Co., Ltd.

     635,000        431,259  

Zhongsheng Group Holdings Ltd.

     22,300        157,187  
     

 

 

 
Total China

 

     19,729,674  
Denmark – 5.4%

 

Ambu A/S, Class B(a)

     3,860        181,717  

Coloplast A/S, Class B

     17,709        2,669,244  

DSV Panalpina A/S

     5,841        1,148,733  

GN Store Nord A/S

     5,306        418,748  

Novo Nordisk A/S, Class B

     174,140        11,826,368  

Novozymes A/S, Class B

     22,580        1,449,799  

Royal Unibrew A/S

     7,763        813,845  

SimCorp A/S

     4,180        518,871  
     

 

 

 
Total Denmark

 

     19,027,325  
Finland – 2.0%

 

Neste Oyj

     115,836        6,161,786  

Orion Oyj, Class B(a)

     21,888        879,022  
     

 

 

 
Total Finland

 

     7,040,808  
France – 2.5%

 

Gaztransport Et Technigaz S.A.

     10,096        806,876  

Hermes International

     5,116        5,676,113  

Sartorius Stedim Biotech

     1,245        513,893  

Trigano S.A.

     2,465        461,800  

Verallia S.A.(b)

     40,034        1,446,847  
     

 

 

 
Total France

 

     8,905,529  
Germany – 1.2%

 

Bechtle AG

     1,977        371,538  

CompuGroup Medical SE & Co. KgaA

     1,857        157,251  

Dermapharm Holding SE

     4,446        318,800  

Fuchs Petrolub SE

     10,304        415,383  

Knorr-Bremse AG

     23,201        2,901,874  

Softwareone Holding AG*

     8,958        232,243  
     

 

 

 
Total Germany

 

     4,397,089  
Hong Kong – 0.3%

 

China Grand Pharmaceutical and Healthcare Holdings Ltd., Class A(a)

     139,000        110,314  

Chow Tai Fook Jewellery Group Ltd.

     345,400        527,799  

Vitasoy International Holdings Ltd.(a)

     104,000        399,977  
     

 

 

 
Total Hong Kong

 

     1,038,090  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2021

 

 

 

Investments    Shares      Value  
India – 8.2%

 

Aarti Industries Ltd.

     4,961      $ 89,393  

Alembic Pharmaceuticals Ltd.*

     3,071        40,531  

Alkem Laboratories Ltd.

     1,049        39,740  

Asian Paints Ltd.

     17,899        621,182  

Aurobindo Pharma Ltd.

     9,674        116,609  

Bajaj Auto Ltd.*

     20,547        1,031,541  

Balkrishna Industries Ltd.

     8,155        188,333  

Bayer CropScience Ltd.

     699        51,071  

Berger Paints India Ltd.

     7,937        83,046  

Bharat Electronics Ltd.

     262,974        449,957  

Cadila Healthcare Ltd.*

     11,705        70,585  

Colgate-Palmolive India Ltd.

     20,085        428,367  

Coromandel International Ltd.

     14,024        148,567  

Dabur India Ltd.

     28,082        207,599  

Divi’s Laboratories Ltd.*

     2,440        120,902  

Dr. Reddy’s Laboratories Ltd.

     2,351        145,214  

Eicher Motors Ltd.*

     6,073        216,290  

Endurance Technologies Ltd.*(b)

     413        8,225  

GAIL India Ltd.

     999,125        1,851,655  

Havells India Ltd.

     10,234        147,028  

HCL Technologies Ltd.

     45,345        609,438  

HDFC Asset Management Co., Ltd.(b)

     6,155        245,733  

Hero MotoCorp., Ltd.

     23,786        947,878  

Hindustan Unilever Ltd.

     66,815        2,222,026  

ICICI Lombard General Insurance Co., Ltd.(b)

     6,125        120,064  

ICICI Securities Ltd.(b)

     13,683        71,640  

Indraprastha Gas Ltd.

     21,576        151,195  

Infosys Ltd.

     334,125        6,251,898  

ITC Ltd.

     1,206,125        3,604,497  

JSW Steel Ltd.

     81,276        520,747  

Jubilant Foodworks Ltd.*

     1,421        56,576  

L&T Technology Services Ltd.(b)

     2,158        78,332  

Larsen & Toubro Infotech Ltd.(b)

     2,709        150,219  

Marico Ltd.

     75,078        422,350  

Maruti Suzuki India Ltd.

     5,904        553,887  

Mphasis Ltd.

     10,810        262,659  

Muthoot Finance Ltd.*

     10,143        167,293  

Natco Pharma Ltd.

     5,819        65,704  

Nestle India Ltd.

     593        139,221  

Nippon Life India Asset Management Ltd.(b)

     29,798        137,876  

NMDC Ltd.

     394,589        730,473  

Page Industries Ltd.

     105        43,539  

Petronet LNG Ltd.

     110,398        339,210  

Pidilite Industries Ltd.*

     8,277        204,837  

Sanofi India Ltd.

     860        92,742  

SRF Ltd.

     1,012        74,893  

Sun TV Network Ltd.

     419        2,695  

Supreme Industries Ltd.

     5,704        159,362  

Tata Consultancy Services Ltd.

     60,794        2,642,379  

Tech Mahindra Ltd.

     62,972        853,924  

Titan Co., Ltd.

     5,374        114,520  

Torrent Pharmaceuticals Ltd.

     1,652        57,505  

Torrent Power Ltd.

     52,318        303,259  

UPL Ltd.

     35,305      309,935  

Varun Beverages Ltd.

     8,500        116,600  

Voltas Ltd.

     9,854        135,039  

Whirlpool of India Ltd.

     1,371        41,752  
     

 

 

 
Total India

 

     29,057,732  
Indonesia – 1.4%

 

Mayora Indah Tbk PT

     331,100        59,724  

Telkom Indonesia Persero Tbk PT

     18,184,400        4,281,628  

Tower Bersama Infrastructure Tbk PT

     1,488,000        212,059  

Unilever Indonesia Tbk PT

     751,900        340,361  
     

 

 

 
Total Indonesia

 

     4,893,772  
Israel – 0.1%

 

Strauss Group Ltd.

     16,763        452,415  
Italy – 1.3%

 

Carel Industries SpA(b)

     5,417        110,524  

DiaSorin SpA

     1,330        213,839  

Ferrari N.V.

     10,741        2,251,471  

Interpump Group SpA

     7,045        355,874  

Recordati Industria Chimica e Farmaceutica SpA

     25,827        1,392,359  

Reply SpA

     1,695        214,951  
     

 

 

 
Total Italy

 

     4,539,018  
Japan – 13.9%

 

Advantest Corp.

     17,500        1,533,032  

Asahi Intecc Co., Ltd.

     8,100        223,575  

Astellas Pharma, Inc.

     298,700        4,600,791  

BayCurrent Consulting, Inc.

     500        114,253  

Benefit One, Inc.(a)

     13,900        369,702  

Capcom Co., Ltd.

     24,000        780,815  

Chugai Pharmaceutical Co., Ltd.

     111,100        4,513,375  

CyberAgent, Inc.

     18,800        339,081  

Daifuku Co., Ltd.(a)

     5,600        549,357  

Elecom Co., Ltd.(a)

     9,400        208,927  

Fancl Corp.

     10,400        351,529  

Fast Retailing Co., Ltd.

     5,700        4,546,072  

GMO Payment Gateway, Inc.

     3,200        425,122  

Goldwin, Inc.

     3,100        198,624  

GungHo Online Entertainment, Inc.

     12,000        237,394  

Hoya Corp.

     17,600        2,071,385  

Infocom Corp.

     1,600        40,746  

Infomart Corp.

     4,800        41,397  

IR Japan Holdings Ltd.

     100        12,100  

Kakaku.com, Inc.

     27,400        748,851  

Kaken Pharmaceutical Co., Ltd.(a)

     4,000        156,923  

Katitas Co., Ltd.

     4,600        128,634  

Kobe Bussan Co., Ltd.(a)

     8,000        214,661  

Kose Corp.

     7,700        1,091,240  

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

     600        46,045  

Lasertec Corp.

     3,800        499,330  

M3, Inc.

     6,900        472,759  

Maruwa Unyu Kikan Co., Ltd.(a)

     3,300        57,608  

MonotaRO Co., Ltd.

     18,600        503,967  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2021

 

 

 

Investments    Shares      Value  

Nexon Co., Ltd.

     12,800      $ 415,855  

Nifco, Inc.(a)

     17,400        635,376  

Nihon M&A Center, Inc.(a)

     17,800        482,130  

Obic Co., Ltd.(a)

     6,000        1,098,462  

Oracle Corp.

     10,400        1,016,471  

Otsuka Corp.

     28,800        1,350,081  

Pigeon Corp.(a)

     14,400        547,330  

Seria Co., Ltd.

     8,700        304,303  

Shionogi & Co., Ltd.

     34,100        1,836,771  

Sushiro Global Holdings Ltd.

     3,800        168,163  

Sysmex Corp.

     7,600        820,181  

TechnoPro Holdings, Inc.

     4,600        383,819  

Toei Animation Co., Ltd.(a)

     3,500        375,339  

Tokyo Electron Ltd.

     27,600        11,686,914  

Workman Co., Ltd.(a)

     3,900        279,882  

Yamaha Corp.

     22,300        1,212,878  

Yaskawa Electric Corp.

     18,800        937,448  

ZOZO, Inc.

     26,852        794,625  
     

 

 

 
Total Japan

 

     49,423,323  
Malaysia – 0.2%

 

Hartalega Holdings Bhd

     5,400        11,630  

Press Metal Aluminium Holdings Bhd

     125,100        298,683  

Top Glove Corp. Bhd

     214,200        233,494  

Westports Holdings Bhd

     119,600        121,143  
     

 

 

 
Total Malaysia

 

     664,950  
Mexico – 0.8%

 

Gruma S.A.B. de C.V., Class B

     29,010        342,256  

Kimberly-Clark de Mexico S.A.B. de C.V., Class A

     434,194        741,252  

Wal-Mart de Mexico S.A.B. de C.V.

     511,520        1,611,774  
     

 

 

 
Total Mexico

 

     2,695,282  
Netherlands – 4.6%

 

ASML Holding N.V.

     23,266        14,137,115  

BE Semiconductor Industries N.V.

     13,610        1,142,742  

Euronext N.V.(b)

     10,600        1,070,157  
     

 

 

 
Total Netherlands

 

     16,350,014  
Russia – 0.8%

 

Mobile TeleSystems PJSC ADR

     222,556        1,856,117  

Polyus PJSC GDR(c)

     9,229        849,529  
     

 

 

 
Total Russia

 

     2,705,646  
Singapore – 0.6%

 

Singapore Exchange Ltd.

     298,300        2,213,494  
South Africa – 0.6%

 

Anglo American Platinum Ltd.

     8,219        1,197,902  

AngloGold Ashanti Ltd.

     10,212        222,577  

SPAR Group Ltd. (The)

     47,911        616,123  
     

 

 

 
Total South Africa

 

     2,036,602  
South Korea – 1.6%

 

Douzone Bizon Co., Ltd.

     693        60,130  

LG Household & Health Care Ltd.

     452        627,029  

NCSoft Corp.

     774        597,042  

SK Hynix, Inc.

     36,116      4,228,293  

SK Materials Co., Ltd.

     631        173,396  
     

 

 

 
Total South Korea

 

     5,685,890  
Sweden – 2.5%

 

AddTech AB, Class B

     7,903        117,870  

Atlas Copco AB, Class B

     64,148        3,344,913  

Beijer Ref AB

     9,934        437,418  

Epiroc AB, Class B

     49,755        1,038,620  

EQT AB

     44,266        1,460,078  

Evolution Gaming Group AB(b)

     11,786        1,738,903  

Lifco AB, Class B

     6,055        564,076  

Mycronic AB

     6,722        158,096  
     

 

 

 
Total Sweden

 

     8,859,974  
Switzerland – 11.3%

 

Givaudan S.A., Registered Shares

     1,150        4,450,194  

Logitech International S.A., Registered Shares

     17,119        1,803,302  

Partners Group Holding AG

     6,564        8,418,156  

Roche Holding AG, Bearer Shares(a)

     22,581        7,749,735  

Roche Holding AG Genusschein

     35,521        11,528,332  

Schindler Holding AG, Participation Certificate

     5,493        1,620,206  

SFS Group AG

     5,828        726,991  

Sika AG, Registered Shares

     12,601        3,615,013  

Temenos AG, Registered Shares

     2,698        390,015  
     

 

 

 
Total Switzerland

 

     40,301,944  
Taiwan – 8.8%

 

Accton Technology Corp.

     89,000        860,898  

Advantech Co., Ltd.

     42,496        527,235  

ASMedia Technology, Inc.

     1,000        52,220  

Eclat Textile Co., Ltd.

     45,283        761,779  

Feng TAY Enterprise Co., Ltd.

     79,620        544,138  

Genius Electronic Optical Co., Ltd.(a)

     8,000        135,702  

Hiwin Technologies Corp.

     13,391        188,900  

Largan Precision Co., Ltd.

     15,000        1,687,520  

Macronix International Co., Ltd.

     461,000        716,551  

Micro-Star International Co., Ltd.

     102,000        622,017  

momo.com, Inc.

     2,000        69,393  

Nanya Technology Corp.

     226,000        727,908  

Nien Made Enterprise Co., Ltd.

     31,000        432,412  

Novatek Microelectronics Corp.

     89,000        1,793,537  

President Chain Store Corp.

     144,000        1,372,726  

Realtek Semiconductor Corp.

     58,000        1,004,171  

Taiwan Semiconductor Manufacturing Co., Ltd.

     828,000        17,034,171  

Voltronic Power Technology Corp.

     7,000        271,090  

Walsin Technology Corp.

     48,000        419,724  

Wiwynn Corp.

     13,000        384,082  

Yageo Corp.

     81,000        1,569,866  
     

 

 

 
Total Taiwan

 

     31,176,040  
Thailand – 0.1%

 

Carabao Group PCL NVDR

     45,900        189,475  

Delta Electronics Thailand PCL NVDR

     25,800        239,424  

Muangthai Capital PCL NVDR

     27,200        61,581  
     

 

 

 
Total Thailand

 

     490,480  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2021

 

 

 

Investments    Shares      Value  
Turkey – 0.4%

 

Aselsan Elektronik Sanayi ve Ticaret AS

     32,738      $ 59,137  

Eregli Demir ve Celik Fabrikalari T.A.S.

     292,348        539,040  

Ford Otomotiv Sanayi AS

     16,572        387,055  

Turkcell Iletisim Hizmetleri AS

     212,553        384,464  
     

 

 

 
Total Turkey

 

     1,369,696  
United Kingdom – 9.8%

 

AJ Bell PLC

     20,181        116,805  

Ashmore Group PLC(a)

     277,453        1,498,287  

Bunzl PLC

     52,841        1,693,577  

Games Workshop Group PLC

     3,709        509,940  

Gamma Communications PLC

     3,886        87,929  

Halma PLC

     26,748        876,106  

HomeServe PLC

     57,971        960,591  

IMI PLC

     71,176        1,310,009  

RELX PLC

     456,358        11,453,103  

Unilever PLC

     288,520        16,145,767  
     

 

 

 
Total United Kingdom

 

     34,652,114  
TOTAL COMMON STOCKS
(Cost: $294,855,482)

 

     354,297,687  
EXCHANGE-TRADED FUNDS – 0.0%

 

United States – 0.0%

 

WisdomTree Emerging Markets High Dividend Fund(a)(d)

     1,259        55,849  

WisdomTree International Equity Fund(d)

     1,565        82,296  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $138,098)

 

     138,145  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1%

 

United States – 1.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(e)

     
(Cost: $3,935,928)      3,935,928      3,935,928  
TOTAL INVESTMENTS IN SECURITIES – 100.9%
(Cost: $298,929,508)

 

     358,371,760  

Other Assets less Liabilities – (0.9)%

 

     (3,241,505
     

 

 

 
NET ASSETS – 100.0%

 

   $ 355,130,255  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $9,273,853 and the total market value of the collateral held by the Fund was $9,814,020. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,878,092.

 

(b) 

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

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

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

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree Emerging Markets High Dividend Fund

  $ 125,227     $ 8,993,357     $ 9,190,779     $ 89,496     $ 38,548     $ 55,849     $ 20,558  

WisdomTree International Equity Fund

    190,736       13,495,967       13,662,640       5,783       52,450       82,296       21,787  

Total

  $ 315,963     $ 22,489,324     $ 22,853,419     $ 95,279     $ 90,998     $ 138,145     $ 42,345  

 

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

Bank of America N.A.

    4/1/2021       51,175       USD       64,347       CAD      $      $ (22

Bank of Montreal

    4/6/2021       20,777       USD       27,291       AUD               (9

Goldman Sachs

    4/5/2021       66,583       USD       552,439       TRY               (167
                                             $      $ (198

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 354,297,687      $      $      $ 354,297,687  

Exchange-Traded Funds

     138,145                      138,145  

Investment of Cash Collateral for Securities Loaned

            3,935,928               3,935,928  

Total Investments in Securities

   $ 354,435,832      $ 3,935,928      $      $ 358,371,760  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (198    $      $ (198

Total – Net

   $ 354,435,832      $ 3,935,730      $      $ 358,371,562  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Schedule of Investments

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%

 

Australia – 9.5%

 

Abacus Property Group

     48,962      $ 104,790  

BWP Trust

     48,984        147,369  

Centuria Industrial REIT

     45,419        114,850  

Charter Hall Group

     28,956        284,060  

Charter Hall Long Wale REIT

     54,422        195,646  

Charter Hall Retail REIT

     68,634        200,736  

Cromwell Property Group(a)

     375,859        236,175  

Dexus

     138,198        1,026,270  

Goodman Group

     89,911        1,240,871  

Growthpoint Properties Australia Ltd.

     42,562        112,488  

Ingenia Communities Group

     19,288        74,335  

Mirvac Group

     369,904        704,344  

Shopping Centres Australasia Property Group

     127,835        244,388  

Stockland

     330,152        1,106,425  

Waypoint REIT

     141,782        271,051  
     

 

 

 
Total Australia

 

     6,063,798  
Austria – 0.4%

 

CA Immobilien Anlagen AG

     6,255        265,389  
Belgium – 2.2%

 

Aedifica S.A.

     2,810        322,993  

Befimmo S.A.

     3,002        122,607  

Cofinimmo S.A.

     4,008        585,056  

Warehouses De Pauw CVA

     10,828        358,623  
     

 

 

 
Total Belgium

 

     1,389,279  
Canada – 3.3%

 

Allied Properties Real Estate Investment Trust

     6,675        215,835  

Altus Group Ltd.(a)

     1,644        79,057  

Canadian Apartment Properties REIT

     5,988        256,605  

Choice Properties Real Estate Investment Trust

     30,731        331,553  

CT Real Estate Investment Trust

     10,229        133,066  

Dream Industrial Real Estate Investment Trust

     10,645        113,662  

First Capital Real Estate Investment Trust

     13,758        180,506  

FirstService Corp.(a)

     669        99,292  

Granite Real Estate Investment Trust

     2,556        155,412  

InterRent Real Estate Investment Trust

     6,147        72,335  

Killam Apartment Real Estate Investment Trust

     6,952        102,384  

NorthWest Healthcare Properties Real Estate Investment Trust

     12,725        130,910  

Summit Industrial Income REIT

     6,994        79,353  

Tricon Residential, Inc.(a)

     11,608        118,772  
     

 

 

 
Total Canada

 

     2,068,742  
Chile – 0.3%

 

Cencosud Shopping S.A.

     55,985        116,911  

Parque Arauco S.A.

     38,604        75,499  
     

 

 

 
Total Chile

 

     192,410  
China – 20.2%

 

Agile Group Holdings Ltd.

     424,000        694,809  

C&D International Investment Group Ltd.(a)

     55,000        99,750  

Central China Real Estate Ltd.

     244,000        108,592  

China Aoyuan Group Ltd.

     230,000        247,027  

China Jinmao Holdings Group Ltd.

     693,000      278,111  

China Overseas Grand Oceans Group Ltd.

     225,000        147,020  

China Overseas Land & Investment Ltd.

     447,549        1,162,846  

China Resources Land Ltd.

     342,000        1,656,233  

China SCE Group Holdings Ltd.

     270,000        125,025  

China Vanke Co., Ltd., Class H

     179,000        701,085  

CIFI Holdings Group Co., Ltd.

     541,900        525,558  

Country Garden Holdings Co., Ltd.(a)

     1,078,972        1,385,068  

Dexin China Holdings Co., Ltd.*

     204,000        78,457  

Greentown China Holdings Ltd.(a)

     43,500        56,176  

Hopson Development Holdings Ltd.

     72,000        259,311  

Jiayuan International Group Ltd.

     158,000        65,034  

Kaisa Group Holdings Ltd.*(a)

     169,000        83,473  

KWG Group Holdings Ltd.

     351,500        601,322  

Logan Group Co., Ltd.

     133,000        224,106  

Longfor Group Holdings Ltd.(b)

     177,000        1,172,495  

Midea Real Estate Holding Ltd.(a)(b)

     48,400        102,348  

Powerlong Real Estate Holdings Ltd.

     210,000        209,070  

Redsun Properties Group Ltd.

     156,000        58,391  

Seazen Group Ltd.*

     230,000        282,528  

Shenzhen Investment Ltd.

     470,000        163,227  

Shimao Group Holdings Ltd.

     127,500        400,977  

Sunac China Holdings Ltd.

     264,271        1,133,641  

Times China Holdings Ltd.(a)

     156,000        214,703  

Yanlord Land Group Ltd.

     120,900        111,578  

Yuexiu Property Co., Ltd.

     963,000        218,006  

Yuzhou Group Holdings Co., Ltd.(a)

     443,000        132,197  

Zhenro Properties Group Ltd.(a)

     101,700        72,078  

Zhongliang Holdings Group Co., Ltd.

     140,500        95,420  
     

 

 

 
Total China

 

     12,865,662  
Finland – 0.3%

 

Kojamo Oyj

     8,990        176,240  
France – 2.2%

 

Cromwell European Real Estate Investment Trust

     249,300        133,316  

Gecina S.A.

     5,890        812,703  

Nexity S.A.

     8,624        426,514  
     

 

 

 
Total France

 

     1,372,533  
Germany – 9.9%

 

alstria office REIT-AG

     27,776        449,850  

Deutsche Wohnen SE, Bearer Shares

     24,853        1,161,962  

LEG Immobilien SE

     6,911        911,019  

PATRIZIA AG

     2,204        55,952  

TAG Immobilien AG*

     15,414        440,945  

Vonovia SE

     49,827        3,261,884  
     

 

 

 
Total Germany

 

     6,281,612  
Hong Kong – 14.2%

 

Champion REIT

     290,000        170,096  

Hang Lung Group Ltd.

     90,649        229,466  

Hang Lung Properties Ltd.

     161,283        419,054  

Henderson Land Development Co., Ltd.

     191,915        861,519  

Hui Xian Real Estate Investment Trust*

     529,634        142,878  

Hysan Development Co., Ltd.

     81,115        317,179  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Schedule of Investments (continued)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2021

 

 

 

Investments    Shares      Value  

Kowloon Development Co., Ltd.

     76,000      $ 83,484  

Link REIT

     228,414        2,080,110  

New World Development Co., Ltd.

     176,013        910,125  

Sino Land Co., Ltd.

     381,735        531,275  

Sun Hung Kai Properties Ltd.

     177,810        2,694,212  

Swire Properties Ltd.

     102,741        317,826  

Wharf Holdings Ltd. (The)

     63,872        169,242  

Yuexiu Real Estate Investment Trust

     240,900        123,325  
     

 

 

 
Total Hong Kong

 

     9,049,791  
India – 0.1%

 

Embassy Office Parks REIT

     16,800        74,782  
Israel – 0.8%

 

Alony Hetz Properties & Investments Ltd.

     11,836        152,338  

Amot Investments Ltd.

     35,041        187,673  

Azrieli Group Ltd.

     1,571        97,095  

Mivne Real Estate KD Ltd.

     27,297        67,221  
     

 

 

 
Total Israel

 

     504,327  
Japan – 14.1%

 

Aeon Mall Co., Ltd.

     5,930        103,305  

Daito Trust Construction Co., Ltd.(a)

     15,000        1,741,629  

Daiwa House Industry Co., Ltd.(a)

     53,600        1,572,105  

GLP J-REIT

     287        472,186  

Heiwa Real Estate Co., Ltd.

     2,400        75,041  

Hulic Co., Ltd.

     38,800        458,226  

Ichigo, Inc.

     13,100        38,766  

Invesco Office J-REIT, Inc.

     1,175        185,342  

Japan Metropolitan Fund Invest REIT

     638        653,012  

Katitas Co., Ltd.

     1,900        53,131  

Mitsubishi Estate Co., Ltd.

     59,489        1,040,385  

Mitsui Fudosan Co., Ltd.

     52,308        1,189,829  

Nomura Real Estate Holdings, Inc.(a)

     11,165        269,274  

Open House Co., Ltd.

     5,400        230,661  

Relo Group, Inc.

     3,100        65,703  

Starts Corp., Inc.

     2,600        68,353  

Sumitomo Realty & Development Co., Ltd.

     14,479        511,810  

Tokyo Tatemono Co., Ltd.

     17,400        264,700  
     

 

 

 
Total Japan

 

     8,993,458  
Malaysia – 0.3%

 

IGB Real Estate Investment Trust

     158,600        66,554  

KLCCP Stapled Group

     50,800        85,514  

Sunway Real Estate Investment Trust

     186,896        67,159  
     

 

 

 
Total Malaysia

 

     219,227  
Mexico – 0.4%

 

PLA Administradora Industrial S de RL de C.V.

     109,098        162,416  

Prologis Property Mexico S.A. de C.V.

     47,155        101,199  
     

 

 

 
Total Mexico

 

     263,615  
Norway – 0.7%

 

Entra ASA(b)

     21,183        471,238  
Philippines – 0.3%

 

Robinsons Land Corp.

     173,147        63,783  

SM Prime Holdings, Inc.

     163,075      117,592  
     

 

 

 
Total Philippines

 

     181,375  
Singapore – 8.6%

 

Ascendas India Trust

     122,400        134,826  

Ascendas Real Estate Investment Trust

     350,036        794,589  

Ascott Residence Trust(a)

     254,588        202,746  

CapitaLand Integrated Commercial Trust

     476,200        769,093  

CapitaLand Ltd.

     237,089        663,482  

City Developments Ltd.

     19,603        116,427  

Frasers Centrepoint Trust

     58,018        106,225  

Frasers Logistics & Commercial Trust

     87,900        94,861  

Keppel DC REIT

     92,704        186,291  

Keppel REIT

     200,800        182,328  

Manulife US Real Estate Investment Trust

     237,672        173,501  

Mapletree Commercial Trust

     135,520        213,830  

Mapletree Industrial Trust

     197,018        401,778  

Mapletree Logistics Trust

     341,575        490,652  

Mapletree North Asia Commercial Trust

     247,800        195,496  

OUE Commercial Real Estate Investment Trust

     243,000        71,439  

Parkway Life Real Estate Investment Trust

     44,400        134,826  

SPH REIT

     101,600        66,166  

Suntec Real Estate Investment Trust

     270,028        313,519  

UOL Group Ltd.

     28,300        166,396  
     

 

 

 
Total Singapore

 

     5,478,471  
Spain – 0.9%

 

Inmobiliaria Colonial Socimi S.A.

     17,742        172,135  

Merlin Properties Socimi S.A.

     40,837        418,522  
     

 

 

 
Total Spain

 

     590,657  
Sweden – 2.6%

 

Atrium Ljungberg AB, Class B(a)

     6,026        108,127  

Castellum AB(a)

     26,392        583,172  

Catena AB

     1,708        75,443  

Fabege AB(a)

     17,216        232,574  

Hufvudstaden AB, Class A(a)

     9,308        135,621  

Kungsleden AB

     14,539        152,207  

Samhallsbyggnadsbolaget i Norden AB(a)

     20,333        63,404  

Wallenstam AB, Class B

     3,687        50,464  

Wihlborgs Fastigheter AB

     12,079        229,626  
     

 

 

 
Total Sweden

 

     1,630,638  
Switzerland – 2.9%

 

Allreal Holding AG, Registered Shares

     1,661        336,030  

PSP Swiss Property AG, Registered Shares

     3,196        391,201  

Swiss Prime Site AG, Registered Shares

     12,050        1,115,824  
     

 

 

 
Total Switzerland

 

     1,843,055  
Taiwan – 0.4%

 

Farglory Land Development Co., Ltd.

     83,000        165,808  

Ruentex Development Co., Ltd.

     39,000        67,658  
     

 

 

 
Total Taiwan

 

     233,466  
Thailand – 0.5%

 

Central Pattana PCL NVDR

     70,074        130,618  

Supalai PCL NVDR

     146,400        100,255  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2021

 

 

 

Investments    Shares      Value  

WHA Corp. PCL NVDR

     918,500      $ 102,284  
     

 

 

 
Total Thailand

 

     333,157  
United Kingdom – 4.5%

 

Assura PLC

     314,110        312,465  

Big Yellow Group PLC

     10,743        165,267  

CLS Holdings PLC

     17,845        56,382  

Grainger PLC

     26,752        98,475  

Great Portland Estates PLC

     12,146        113,920  

Londonmetric Property PLC

     74,057        218,249  

Primary Health Properties PLC

     91,823        187,752  

Safestore Holdings PLC

     15,922        174,752  

Secure Income REIT PLC(a)

     42,508        210,841  

Segro PLC(b)

     59,015        763,422  

Tritax Big Box REIT PLC

     153,654        380,534  

Workspace Group PLC

     18,548        204,725  
     

 

 

 
Total United Kingdom

 

     2,886,784  
TOTAL COMMON STOCKS
(Cost: $57,086,418)

 

     63,429,706  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.7%

 

United States – 8.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $5,538,740)      5,538,740      5,538,740  
TOTAL INVESTMENTS IN SECURITIES – 108.3%
(Cost: $62,625,158)

 

     68,968,446  

Other Assets less Liabilities – (8.3)%

 

     (5,257,812
     

 

 

 
NET ASSETS – 100.0%

 

   $ 63,710,634  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,836,169 and the total market value of the collateral held by the Fund was $7,514,432. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,975,692.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

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

HSBC Holdings PLC

    4/6/2021       17,036       USD       148,846       SEK     $     $ (41

State Street Bank and Trust

    4/6/2021       20,463       USD       19,344       CHF             (90
                                            $     $ (131

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 63,429,706      $      $      $ 63,429,706  

Investment of Cash Collateral for Securities Loaned

            5,538,740               5,538,740  

Total Investments in Securities

   $ 63,429,706      $ 5,538,740      $      $ 68,968,446  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (131    $      $ (131

Total — Net

   $ 63,429,706      $ 5,538,609      $      $ 68,968,315  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Schedule of Investments

WisdomTree Global High Dividend Fund (DEW)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%

 

Australia – 4.1%

 

AGL Energy Ltd.(a)

     3,230      $ 23,740  

Alumina Ltd.

     13,063        17,312  

APA Group(a)

     3,662        27,947  

Aurizon Holdings Ltd.

     8,218        24,411  

AusNet Services

     18,683        26,112  

Australia & New Zealand Banking Group Ltd.

     8,667        186,022  

BHP Group Ltd.

     11,358        391,882  

BHP Group PLC

     6,310        182,345  

Commonwealth Bank of Australia

     6,393        419,241  

Dexus

     4,281        31,791  

Fortescue Metals Group Ltd.

     27,307        415,760  

Harvey Norman Holdings Ltd.(a)

     4,955        21,625  

JB Hi-Fi Ltd.

     380        14,987  

Macquarie Group Ltd.

     657        76,477  

Magellan Financial Group Ltd.(a)

     407        14,002  

Medibank Pvt Ltd.

     8,398        17,910  

Metcash Ltd.(a)

     3,327        9,325  

Mineral Resources Ltd.

     797        23,079  

Mirvac Group

     12,343        23,503  

National Australia Bank Ltd.

     9,911        196,267  

Origin Energy Ltd.

     7,198        25,712  

QBE Insurance Group Ltd.

     2,733        20,025  

Rio Tinto Ltd.

     1,809        152,594  

Spark Infrastructure Group

     10,600        17,519  

Stockland

     8,328        27,909  

Telstra Corp., Ltd.

     37,313        96,626  

Transurban Group(a)

     5,019        50,919  

Wesfarmers Ltd.

     3,161        126,807  

Worley Ltd.

     1,601        12,792  
     

 

 

 
Total Australia

 

     2,674,641  
Austria – 0.2%

 

Oesterreichische Post AG(a)

     538        23,585  

OMV AG

     1,490        75,757  

Raiffeisen Bank International AG*

     2,431        53,514  
     

 

 

 
Total Austria

 

     152,856  
Belgium – 0.1%

 

Proximus SADP

     1,889        41,206  

Solvay S.A.(a)

     306        38,194  

Telenet Group Holding N.V.

     410        16,663  
     

 

 

 
Total Belgium

 

     96,063  
Brazil – 0.8%

 

Banco do Brasil S.A.

     9,272        50,032  

Banco Santander Brasil S.A.

     4,042        28,365  

CCR S.A.

     8,048        18,427  

Centrais Eletricas Brasileiras S.A.

     2,274        13,810  

Petrobras Distribuidora S.A.

     7,166        28,039  

Porto Seguro S.A.

     938        7,809  

Vale S.A.

     22,082        383,373  
     

 

 

 
Total Brazil

 

     529,855  
Canada – 4.3%

 

Bank of Montreal

     1,829      $ 163,014  

Bank of Nova Scotia (The)

     4,282        267,853  

BCE, Inc.

     2,982        134,597  

Canadian Imperial Bank of Commerce(a)

     1,505        147,345  

Canadian Natural Resources Ltd.

     4,609        142,467  

Enbridge, Inc.

     9,255        337,108  

Finning International, Inc.

     788        20,038  

Gibson Energy, Inc.(a)

     995        17,630  

Great-West Lifeco, Inc.

     3,289        87,508  

Hydro One Ltd.(b)

     2,770        64,509  

IGM Financial, Inc.(a)

     1,128        34,374  

Manulife Financial Corp.

     6,256        134,542  

National Bank of Canada(a)

     909        61,743  

Nutrien Ltd.

     1,488        80,151  

Power Corp. of Canada(a)

     2,513        66,042  

Rogers Communications, Inc., Class B

     962        44,355  

Royal Bank of Canada

     3,373        310,959  

Shaw Communications, Inc., Class B

     2,362        61,416  

Sun Life Financial, Inc.

     1,400        70,743  

TC Energy Corp.(a)

     2,849        130,589  

TELUS Corp.

     4,218        84,001  

Toronto-Dominion Bank (The)

     5,054        329,575  
     

 

 

 
Total Canada

 

     2,790,559  
Chile – 0.1%

 

Banco de Chile

     328,038        38,781  

Enel Americas S.A.

     251,312        42,014  
     

 

 

 
Total Chile

 

     80,795  
China – 3.7%

 

Agile Group Holdings Ltd.

     28,000        45,884  

Agricultural Bank of China Ltd., Class H

     237,074        94,836  

Anhui Conch Cement Co., Ltd., Class H

     8,000        52,017  

Beijing Enterprises Holdings Ltd.

     7,500        26,481  

BOC Hong Kong Holdings Ltd.

     40,000        139,688  

China Aoyuan Group Ltd.

     14,000        15,036  

China Construction Bank Corp., Class H

     729,536        613,698  

China Everbright Environment Group Ltd.

     34,000        23,004  

China Life Insurance Co., Ltd., Class H

     37,000        76,432  

China Medical System Holdings Ltd.

     10,000        19,783  

China Overseas Land & Investment Ltd.

     33,500        87,041  

China Pacific Insurance Group Co., Ltd., Class H

     18,200        71,752  

China Resources Cement Holdings Ltd.

     28,000        31,441  

China Resources Power Holdings Co., Ltd.

     28,000        37,168  

CIFI Holdings Group Co., Ltd.

     28,000        27,156  

Country Garden Holdings Co., Ltd.(a)

     57,668        74,028  

Far East Horizon Ltd.(a)

     17,000        20,423  

Guangdong Investment Ltd.

     16,000        26,055  

Hengan International Group Co., Ltd.

     4,500        29,578  

Hopson Development Holdings Ltd.

     4,000        14,406  

Industrial & Commercial Bank of China Ltd., Class H

     548,000        393,319  

Kunlun Energy Co., Ltd.

     28,000        29,425  

KWG Group Holdings Ltd.

     19,500        33,359  

Lenovo Group Ltd.

     62,000        88,202  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2021

 

 

 

Investments    Shares      Value  

New China Life Insurance Co., Ltd., Class H

     4,800      $ 18,584  

Postal Savings Bank of China Co., Ltd., Class H(a)(b)

     64,000        47,828  

Powerlong Real Estate Holdings Ltd.

     13,000        12,942  

Shenzhen International Holdings Ltd.

     20,500        34,332  

Shenzhen Investment Ltd.

     62,000        21,532  

Shimao Group Holdings Ltd.

     7,000        22,014  

SITC International Holdings Co., Ltd.

     12,000        40,672  

Sunac China Holdings Ltd.

     13,000        55,766  

Times China Holdings Ltd.

     11,000        15,139  

Uni-President China Holdings Ltd.

     12,000        14,602  

Want Want China Holdings Ltd.

     49,000        36,745  

WH Group Ltd.(b)

     55,500        44,974  

Zhongliang Holdings Group Co., Ltd.

     16,500        11,206  
     

 

 

 
Total China

 

     2,446,548  
Czech Republic – 0.1%

 

O2 Czech Republic AS

     2,892        33,703  
Finland – 0.4%

 

Fortum Oyj

     3,162        84,583  

Konecranes Oyj

     461        20,589  

Neles Oyj

     1,843        23,458  

Nokian Renkaat Oyj(a)

     470        17,058  

Orion Oyj, Class B(a)

     404        16,224  

Sampo Oyj, Class A

     1,645        74,377  

Valmet Oyj

     710        25,877  
     

 

 

 
Total Finland

 

     262,166  
France – 1.3%

 

ALD S.A.(b)

     1,681        24,656  

AXA S.A.

     6,133        164,958  

Danone S.A.

     1,422        97,770  

Gecina S.A.

     231        31,873  

Imerys S.A.

     350        17,079  

Orange S.A.

     7,685        94,883  

Publicis Groupe S.A.

     510        31,193  

Rubis SCA

     396        18,803  

Sanofi

     3,792        375,480  

Societe BIC S.A.

     261        15,313  

Verallia S.A.(b)

     333        12,035  
     

 

 

 
Total France

 

     884,043  
Germany – 3.1%

 

Allianz SE, Registered Shares

     1,268        323,465  

BASF SE

     2,982        248,276  

Bayer AG, Registered Shares

     3,320        210,552  

Bayerische Motoren Werke AG

     1,428        148,482  

Continental AG

     330        43,710  

Deutsche Telekom AG, Registered Shares

     11,299        228,012  

E.ON SE

     11,258        131,310  

Evonik Industries AG

     1,428        50,618  

Hannover Rueck SE

     284        52,004  

METRO AG

     1,934        20,480  

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares

     349        107,713  

Siemens AG, Registered Shares

     1,664        273,798  

Siltronic AG

     119        19,231  

Talanx AG

     767      32,597  

Telefonica Deutschland Holding AG

     12,881        37,847  

Traton SE

     1,654        44,711  

TUI AG

     7,459        37,784  

Uniper SE

     903        32,773  
     

 

 

 
Total Germany

 

     2,043,363  
Hong Kong – 1.0%

 

CLP Holdings Ltd.

     9,000        87,402  

Hang Seng Bank Ltd.

     6,300        121,957  

Henderson Land Development Co., Ltd.

     17,100        76,763  

Link REIT

     6,400        58,283  

New World Development Co., Ltd.

     11,118        57,489  

Power Assets Holdings Ltd.

     13,500        79,703  

Sino Land Co., Ltd.

     26,000        36,185  

Sun Hung Kai Properties Ltd.

     7,500        113,642  

Swire Properties Ltd.

     15,200        47,021  
     

 

 

 
Total Hong Kong

 

     678,445  
India – 0.5%

 

GAIL India Ltd.

     18,641        34,547  

Hindustan Petroleum Corp., Ltd.

     4,820        15,459  

Indus Towers Ltd.

     4,861        16,289  

ITC Ltd.

     19,267        57,579  

NMDC Ltd.

     10,228        18,934  

Oil & Natural Gas Corp., Ltd.

     34,288        47,905  

Oracle Financial Services Software Ltd.

     277        12,120  

Power Grid Corp. of India Ltd.

     28,897        85,232  

REC Ltd.

     15,727        28,211  
     

 

 

 
Total India

 

     316,276  
Indonesia – 0.4%

 

Astra International Tbk PT

     98,700        35,844  

Bank Mandiri Persero Tbk PT

     122,400        51,825  

Bank Rakyat Indonesia Persero Tbk PT

     280,000        84,819  

Indocement Tunggal Prakarsa Tbk PT

     12,500        10,521  

Telkom Indonesia Persero Tbk PT

     291,400        68,612  

United Tractors Tbk PT

     10,100        15,385  
     

 

 

 
Total Indonesia

 

     267,006  
Israel – 0.0%

 

ICL Group Ltd.

     3,563        20,910  
Italy – 1.0%

 

A2A SpA

     16,779        30,606  

Assicurazioni Generali SpA

     3,651        73,205  

Enav SpA(b)

     4,305        20,987  

Enel SpA

     23,135        230,929  

ERG SpA

     539        16,053  

Iren SpA

     6,355        17,597  

Italgas SpA

     6,447        41,940  

Mediobanca Banca di Credito Finanziario SpA*

     3,810        42,343  

Poste Italiane SpA(b)

     4,438        56,541  

Telecom Italia SpA, RSP

     30,035        17,311  

Terna Rete Elettrica Nazionale SpA

     5,698        43,114  

UnipolSai Assicurazioni SpA

     18,270        55,056  
     

 

 

 
Total Italy

 

     645,682  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2021

 

 

 

Investments    Shares      Value  
Japan – 5.1%

 

AGC, Inc.

     800      $ 33,520  

Asahi Kasei Corp.(a)

     3,400        39,215  

Bridgestone Corp.

     2,500        101,244  

Canon, Inc.

     5,400        122,294  

Chubu Electric Power Co., Inc.(a)

     2,200        28,371  

Dai-ichi Life Holdings, Inc.

     2,800        48,196  

Daicel Corp.(a)

     2,000        15,421  

Daito Trust Construction Co., Ltd.(a)

     500        58,054  

Daiwa House Industry Co., Ltd.(a)

     1,400        41,062  

Daiwa Securities Group, Inc.(a)

     6,000        31,064  

ENEOS Holdings, Inc.(a)

     13,000        59,012  

Idemitsu Kosan Co., Ltd.(a)

     1,400        36,159  

Inpex Corp.

     6,200        42,418  

ITOCHU Corp.(a)

     4,842        157,179  

Japan Post Insurance Co., Ltd.

     1,600        32,927  

Japan Tobacco, Inc.

     8,400        161,539  

JTEKT Corp.

     1,500        15,339  

Kansai Electric Power Co., Inc. (The)(a)

     3,400        36,862  

KDDI Corp.(a)

     8,300        255,009  

Marubeni Corp.(a)

     5,169        43,074  

Matsui Securities Co., Ltd.(a)

     1,600        13,046  

Mebuki Financial Group, Inc.

     5,900        13,936  

Mitsubishi Chemical Holdings Corp.(a)

     5,100        38,303  

Mitsubishi Corp.(a)

     5,200        147,294  

Mitsubishi UFJ Financial Group, Inc.(a)

     44,600        238,822  

Mizuho Financial Group, Inc.(a)

     9,030        130,669  

MS&AD Insurance Group Holdings, Inc.(a)

     2,700        79,387  

Nippon Telegraph & Telephone Corp.

     9,300        239,191  

Nomura Holdings, Inc.

     8,900        46,828  

Resona Holdings, Inc.(a)

     9,700        40,802  

Seiko Epson Corp.(a)

     1,500        24,434  

Sekisui House Ltd.

     2,300        49,414  

SoftBank Corp.(a)

     27,400        356,696  

Sompo Holdings, Inc.(a)

     1,000        38,389  

Sumitomo Corp.(a)

     4,486        64,022  

Sumitomo Mitsui Financial Group, Inc.(a)

     5,000        181,312  

T&D Holdings, Inc.(a)

     1,600        20,648  

Takeda Pharmaceutical Co., Ltd.(a)

     4,200        151,466  

Toda Corp.

     2,600        19,082  

Tohoku Electric Power Co., Inc.(a)

     2,700        25,534  

Tokio Marine Holdings, Inc.(a)

     1,700        81,000  
     

 

 

 
Total Japan

 

     3,358,234  
Malaysia – 0.1%

 

DiGi.Com Bhd

     33,400        29,320  

Petronas Gas Bhd

     6,900        26,625  
     

 

 

 
Total Malaysia

 

     55,945  
Mexico – 0.2%

 

Grupo Mexico S.A.B. de C.V., Series B

     17,287        90,792  

Kimberly-Clark de Mexico S.A.B. de C.V., Class A

     14,696        25,089  

Orbia Advance Corp. S.A.B. de C.V.

     7,786        20,766  
     

 

 

 
Total Mexico

 

     136,647  
Netherlands – 0.4%

 

ASR Nederland N.V.

     651      29,235  

Koninklijke Ahold Delhaize N.V.

     3,487        97,334  

Koninklijke KPN N.V.

     18,848        64,108  

NN Group N.V.

     1,266        62,032  
     

 

 

 
Total Netherlands

 

     252,709  
Norway – 0.6%

 

Equinor ASA

     11,154        218,602  

Gjensidige Forsikring ASA

     1,678        39,432  

Telenor ASA

     6,616        116,644  

Yara International ASA

     743        38,715  
     

 

 

 
Total Norway

 

     413,393  
Philippines – 0.1%

 

Globe Telecom, Inc.

     345        13,363  

PLDT, Inc.

     955        24,024  
     

 

 

 
Total Philippines

 

     37,387  
Portugal – 0.1%

 

EDP – Energias de Portugal S.A.

     7,263        41,571  
Russia – 1.8%

 

Magnit PJSC, GDR(c)

     2,226        33,368  

MMC Norilsk Nickel PJSC, ADR

     6,674        208,095  

Mobile TeleSystems PJSC, ADR

     6,205        51,750  

PhosAgro PJSC, GDR(c)

     2,044        35,606  

Rosneft Oil Co. PJSC, GDR(c)

     21,444        162,160  

Sberbank of Russia PJSC, ADR

     39,889        614,490  

Tatneft PJSC, ADR

     1,916        90,895  
     

 

 

 
Total Russia

 

     1,196,364  
Singapore – 0.9%

 

DBS Group Holdings Ltd.

     7,766        166,406  

Genting Singapore Ltd.

     55,600        38,071  

Jardine Cycle & Carriage Ltd.

     1,800        30,156  

Oversea-Chinese Banking Corp., Ltd.

     14,027        122,669  

Singapore Telecommunications Ltd.

     55,000        99,881  

United Overseas Bank Ltd.

     6,113        117,519  
     

 

 

 
Total Singapore

 

     574,702  
South Africa – 0.3%

 

African Rainbow Minerals Ltd.(a)

     1,076        20,266  

Exxaro Resources Ltd.

     2,622        30,872  

Kumba Iron Ore Ltd.(a)

     609        25,096  

MultiChoice Group

     2,194        19,160  

Remgro Ltd.

     4,398        30,975  

Sanlam Ltd.

     12,813        51,655  

Vodacom Group Ltd.

     5,154        44,070  
     

 

 

 
Total South Africa

 

     222,094  
South Korea – 0.7%

 

Hana Financial Group, Inc.

     2,533        95,792  

Industrial Bank of Korea

     2,299        18,607  

KT&G Corp.

     841        60,488  

Macquarie Korea Infrastructure Fund

     4,602        47,372  

POSCO

     377        106,596  

Samsung Fire & Marine Insurance Co., Ltd.

     187        31,394  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2021

 

 

 

Investments    Shares      Value  

Samsung Life Insurance Co., Ltd.

     505      $ 34,849  

SK Telecom Co., Ltd.

     207        50,298  
     

 

 

 
Total South Korea

 

     445,396  
Spain – 0.9%

 

Enagas S.A.

     1,922        41,835  

Endesa S.A.

     3,738        99,112  

Fomento de Construcciones y Contratas S.A.

     1,610        19,036  

Iberdrola S.A.

     18,910        244,141  

Naturgy Energy Group S.A.(a)

     4,348        106,803  

Red Electrica Corp. S.A.

     3,305        58,654  
     

 

 

 
Total Spain

 

     569,581  
Sweden – 0.2%

 

Tele2 AB, Class B

     3,060        41,356  

Telia Co. AB

     13,253        57,520  
     

 

 

 
Total Sweden

 

     98,876  
Switzerland – 2.1%

 

ABB Ltd., Registered Shares

     3,906        118,531  

Adecco Group AG, Registered Shares

     570        38,543  

Banque Cantonale Vaudoise, Registered Shares

     358        35,072  

LafargeHolcim Ltd., Registered Shares*

     1,703        100,499  

Novartis AG, Registered Shares

     7,649        656,441  

Swiss Life Holding AG, Registered Shares

     120        59,238  

Swiss Prime Site AG, Registered Shares

     402        37,225  

Swisscom AG, Registered Shares(a)

     204        109,895  

Zurich Insurance Group AG

     517        221,599  
     

 

 

 
Total Switzerland

 

     1,377,043  
Taiwan – 2.8%

 

Asia Cement Corp.

     36,000        60,309  

Asustek Computer, Inc.

     8,000        104,440  

Catcher Technology Co., Ltd.

     6,000        44,475  

Cathay Financial Holding Co., Ltd.

     53,000        89,067  

Chicony Electronics Co., Ltd.

     12,000        42,687  

Chunghwa Telecom Co., Ltd.

     21,000        82,063  

CTBC Financial Holding Co., Ltd.

     190,480        147,535  

Far Eastern New Century Corp.

     42,000        44,454  

Formosa Chemicals & Fibre Corp.

     29,000        89,034  

Formosa Plastics Corp.

     30,000        106,193  

Fubon Financial Holding Co., Ltd.

     61,195        121,820  

Hon Hai Precision Industry Co., Ltd.

     71,000        308,555  

Lite-On Technology Corp.

     33,000        72,632  

Mega Financial Holding Co., Ltd.

     83,941        93,846  

Pegatron Corp.

     27,680        71,885  

Quanta Computer, Inc.

     25,210        86,587  

Shanghai Commercial & Savings Bank Ltd. (The)

     34,000        49,988  

SinoPac Financial Holdings Co., Ltd.

     164,559        74,110  

Synnex Technology International Corp.

     20,000        38,201  

Taiwan Cement Corp.

     54,850        89,965  

Wistron Corp.

     39,000        45,789  
     

 

 

 
Total Taiwan

 

     1,863,635  
Thailand – 0.2%

 

Bangkok Commercial Asset Management PCL, NVDR

     10,400        7,222  

Intouch Holdings PCL, NVDR

     9,000        16,704  

PTT Exploration & Production PCL, NVDR

     12,500      45,600  

Ratch Group PCL, NVDR

     4,900        8,036  

Siam Commercial Bank PCL (The), NVDR

     10,600        37,821  
     

 

 

 
Total Thailand

 

     115,383  
United Kingdom – 4.1%

 

Admiral Group PLC

     1,313        56,176  

Airtel Africa PLC(b)

     14,676        16,057  

BAE Systems PLC

     9,476        66,024  

Berkeley Group Holdings PLC

     417        25,539  

British American Tobacco PLC

     10,546        403,626  

Direct Line Insurance Group PLC

     9,480        40,978  

easyJet PLC*

     1,918        25,886  

GlaxoSmithKline PLC

     24,725        439,377  

National Grid PLC

     10,677        127,277  

Pearson PLC

     1,750        18,630  

Pennon Group PLC

     1,316        17,703  

Phoenix Group Holdings PLC

     3,011        30,501  

Rio Tinto PLC

     6,471        495,506  

Royal Dutch Shell PLC, Class A(a)

     23,483        458,064  

Schroders PLC

     578        27,911  

Severn Trent PLC

     1,010        32,134  

SSE PLC

     3,472        69,699  

Standard Life Aberdeen PLC

     12,062        48,245  

Tesco PLC

     17,621        55,637  

United Utilities Group PLC

     2,271        29,008  

Vodafone Group PLC

     114,797        208,879  
     

 

 

 
Total United Kingdom

 

     2,692,857  
United States – 57.7%

 

3M Co.

     4,304        829,295  

AbbVie, Inc.

     11,933        1,291,389  

Altria Group, Inc.

     34,299        1,754,737  

American Campus Communities, Inc.

     1,054        45,501  

American Electric Power Co., Inc.

     2,200        186,340  

Antero Midstream Corp.(a)

     6,859        61,937  

APA Corp.

     3,282        58,748  

Apartment Investment and Management Co., Class A

     3,427        21,042  

Apollo Global Management, Inc.

     1,668        78,413  

Artisan Partners Asset Management, Inc., Class A

     880        45,910  

AT&T, Inc.

     117,807        3,566,018  

AvalonBay Communities, Inc.

     821        151,483  

Avangrid, Inc.

     1,430        71,228  

Avista Corp.

     552        26,358  

Baker Hughes Co.

     5,206        112,502  

Bank of Hawaii Corp.

     311        27,831  

Bank of New York Mellon Corp. (The)

     4,444        210,157  

Bank OZK

     890        36,356  

Black Hills Corp.

     405        27,042  

Blackstone Group, Inc. (The), Class A

     3,180        237,005  

BOK Financial Corp.

     389        34,745  

Boston Properties, Inc.

     1,105        111,892  

Broadcom, Inc.

     1,963        910,165  

Camden Property Trust

     515        56,604  

Cardinal Health, Inc.

     1,665        101,149  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2021

 

 

 

Investments    Shares      Value  

CenterPoint Energy, Inc.

     3,117      $ 70,600  

CF Industries Holdings, Inc.

     1,276        57,905  

Chemours Co. (The)

     1,046        29,194  

Cisco Systems, Inc.

     21,992        1,137,206  

Citigroup, Inc.

     22,208        1,615,632  

Coca-Cola Co. (The)

     29,913        1,576,714  

Cogent Communications Holdings, Inc.

     306        21,041  

Cohen & Steers, Inc.

     627        40,962  

Compass Minerals International, Inc.

     368        23,081  

ConocoPhillips

     11,760        622,927  

Consolidated Edison, Inc.

     1,752        131,050  

CoreSite Realty Corp.

     347        41,588  

Corporate Office Properties Trust

     1,221        32,149  

Cousins Properties, Inc.

     1,023        36,163  

CubeSmart

     1,691        63,971  

Cullen/Frost Bankers, Inc.

     387        42,090  

CVB Financial Corp.

     905        19,991  

Dominion Energy, Inc.

     5,553        421,806  

Douglas Emmett, Inc.

     1,340        42,076  

Dow, Inc.

     6,215        397,387  

DTE Energy Co.

     938        124,885  

Duke Energy Corp.

     4,381        422,898  

Eastman Chemical Co.

     610        67,173  

Edison International

     2,393        140,230  

Entergy Corp.

     1,001        99,569  

EOG Resources, Inc.

     3,383        245,369  

Equitrans Midstream Corp.

     5,565        45,410  

Equity Commonwealth

     3,666        101,915  

Equity Residential

     2,387        170,981  

Essex Property Trust, Inc.

     378        102,755  

Evergy, Inc.

     1,270        75,603  

Exelon Corp.

     5,108        223,424  

Extended Stay America, Inc.

     1,255        24,786  

Extra Space Storage, Inc.

     600        79,530  

Federal Realty Investment Trust

     621        63,000  

Federated Hermes, Inc., Class B

     673        21,065  

Fidelity National Financial, Inc.

     1,629        66,235  

Fifth Third Bancorp

     4,667        174,779  

First American Financial Corp.

     804        45,547  

First Horizon Corp.

     3,044        51,474  

FirstEnergy Corp.

     3,835        133,036  

Flowers Foods, Inc.

     1,507        35,867  

FNB Corp.

     3,240        41,148  

Foot Locker, Inc.

     487        27,394  

Franklin Resources, Inc.

     3,302        97,739  

Gaming and Leisure Properties, Inc.

     3,239        137,431  

General Mills, Inc.

     4,289        263,001  

Genuine Parts Co.

     643        74,324  

Gilead Sciences, Inc.

     7,620        492,481  

Glacier Bancorp, Inc.

     501        28,597  

H&R Block, Inc.

     2,522        54,980  

Halliburton Co.

     5,085        109,124  

Hanesbrands, Inc.

     2,717        53,443  

Harley-Davidson, Inc.

     670        26,867  

Hawaiian Electric Industries, Inc.

     681      30,257  

Healthcare Realty Trust, Inc.

     1,238        37,536  

Healthcare Trust of America, Inc., Class A

     1,589        43,825  

Healthpeak Properties, Inc.

     3,894        123,596  

Highwoods Properties, Inc.

     974        41,824  

HollyFrontier Corp.

     1,590        56,890  

HP, Inc.

     7,563        240,125  

Hudson Pacific Properties, Inc.

     1,181        32,041  

Ingredion, Inc.

     356        32,012  

International Business Machines Corp.

     6,571        875,651  

International Paper Co.

     2,564        138,635  

Interpublic Group of Cos., Inc. (The)

     3,167        92,476  

Iron Mountain, Inc.(a)

     3,759        139,121  

JPMorgan Chase & Co.

     15,895        2,419,696  

Kellogg Co.

     1,654        104,698  

Kilroy Realty Corp.

     679        44,563  

Kimco Realty Corp.

     5,230        98,062  

Kraft Heinz Co. (The)

     8,946        357,840  

Lamar Advertising Co., Class A

     554        52,032  

Leggett & Platt, Inc.

     699        31,909  

Lexington Realty Trust

     2,569        28,542  

Life Storage, Inc.

     603        51,828  

Lumen Technologies, Inc.

     15,868        211,838  

M&T Bank Corp.

     851        129,020  

MDU Resources Group, Inc.

     1,657        52,378  

Medical Properties Trust, Inc.

     4,397        93,568  

Mercury General Corp.

     771        46,884  

MetLife, Inc.

     6,197        376,716  

Mid-America Apartment Communities, Inc.

     650        93,834  

MSC Industrial Direct Co., Inc., Class A

     349        31,476  

National Fuel Gas Co.

     616        30,794  

National Health Investors, Inc.

     485        35,056  

National Retail Properties, Inc.

     1,498        66,017  

National Storage Affiliates Trust

     610        24,357  

NetApp, Inc.

     1,338        97,232  

New York Community Bancorp, Inc.

     5,473        69,069  

Newell Brands, Inc.

     3,075        82,348  

NiSource, Inc.

     2,092        50,438  

Northern Trust Corp.

     1,014        106,582  

Nucor Corp.

     1,673        134,292  

OGE Energy Corp.

     1,559        50,449  

Old Republic International Corp.

     2,459        53,705  

Omnicom Group, Inc.

     1,511        112,041  

OneMain Holdings, Inc.

     1,760        94,547  

Ovintiv, Inc.

     1,528        36,397  

PACCAR, Inc.

     1,987        184,632  

Patterson Cos., Inc.

     549        17,541  

People’s United Financial, Inc.

     4,235        75,806  

Pfizer, Inc.

     32,313        1,170,700  

Philip Morris International, Inc.

     19,996        1,774,445  

Physicians Realty Trust

     3,022        53,399  

Pinnacle West Capital Corp.

     658        53,528  

PNC Financial Services Group, Inc. (The)

     2,659        466,415  

Popular, Inc.

     524        36,848  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2021

 

 

 

Investments    Shares      Value  

Portland General Electric Co.

     623      $ 29,574  

PPL Corp.

     6,315        182,125  

Prosperity Bancshares, Inc.

     472        35,348  

Public Service Enterprise Group, Inc.

     2,620        157,750  

Public Storage

     848        209,252  

Rayonier, Inc.

     778        25,090  

Realty Income Corp.

     2,179        138,366  

Regency Centers Corp.

     1,536        87,107  

Ryder System, Inc.

     350        26,477  

Sabra Health Care REIT, Inc.

     2,970        51,559  

SL Green Realty Corp.(a)

     729        51,023  

Sonoco Products Co.

     769        48,678  

Southern Co. (The)

     6,661        414,048  

Spectrum Brands Holdings, Inc.

     198        16,830  

Spirit Realty Capital, Inc.

     1,130        48,025  

STAG Industrial, Inc.

     993        33,375  

State Street Corp.

     1,613        135,508  

Steel Dynamics, Inc.

     946        48,019  

STORE Capital Corp.

     1,805        60,467  

Synchrony Financial

     2,757        112,100  

TFS Financial Corp.

     2,979        60,682  

Travel + Leisure Co.

     724        44,280  

Trinity Industries, Inc.

     754        21,481  

Truist Financial Corp.

     7,453        434,659  

U.S. Bancorp

     9,765        540,102  

UDR, Inc.

     1,832        80,352  

UGI Corp.

     1,258        51,591  

United Bankshares, Inc.

     998        38,503  

Uniti Group, Inc.

     1,892        20,869  

Unum Group

     1,824        50,762  

Valley National Bancorp

     3,634        49,931  

Verizon Communications, Inc.

     37,630        2,188,184  

VICI Properties, Inc.(a)

     3,553        100,337  

Virtu Financial, Inc., Class A

     1,072        33,286  

W.P. Carey, Inc.

     1,554        109,961  

Webster Financial Corp.

     766        42,214  

Weingarten Realty Investors

     1,176        31,646  

Welltower, Inc.

     3,172        227,210  

Western Union Co. (The)

     2,450      60,417  

WestRock Co.

     1,285        66,884  

Williams Cos., Inc. (The)

     14,284        338,388  
     

 

 

 
Total United States

 

     37,887,411  
TOTAL COMMON STOCKS
(Cost: $56,046,081)

 

     65,262,139  
EXCHANGE-TRADED FUNDS – 0.1%

 

United States – 0.1%

 

WisdomTree International High Dividend Fund(d)

     1,382        54,322  
WisdomTree U.S. High Dividend Fund(d)      238        18,159  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $67,242)

 

     72,481  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.0%

 

United States – 3.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(e)

     
(Cost: $1,936,790)      1,936,790        1,936,790  
TOTAL INVESTMENTS IN SECURITIES – 102.5%
(Cost: $58,050,113)
        67,271,410  

Other Assets less Liabilities – (2.5)%

        (1,630,669
     

 

 

 
NET ASSETS – 100.0%

 

   $ 65,640,741  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,521,717 and the total market value of the collateral held by the Fund was $3,717,603. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,780,813.

 

(b) 

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

 

(c) 

This security is exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. This security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

 

(d) 

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

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree International High Dividend Fund

  $ 196,897     $ 848,312     $ 1,010,482     $ 39,873     $ (20,278   $ 54,322     $ 5,951  

WisdomTree U.S. High Dividend Fund

    68,203       281,864       340,263       16,076       (7,721     18,159       1,780  

Total

  $ 265,100     $ 1,130,176     $ 1,350,745     $ 55,949     $ (27,999   $ 72,481     $ 7,731  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Schedule of Investments (concluded)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 65,262,139      $      $      $ 65,262,139  

Exchange-Traded Funds

     72,481                      72,481  

Investment of Cash Collateral for Securities Loaned

            1,936,790               1,936,790  

Total Investments in Securities

   $ 65,334,620      $ 1,936,790      $      $ 67,271,410  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Schedule of Investments

WisdomTree Growth Leaders Fund (PLAT)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

Argentina – 1.2%

 

MercadoLibre, Inc.*

     116      $ 170,768  
Canada – 0.8%

 

Ritchie Bros Auctioneers, Inc.

     2,022        118,388  
China – 4.1%

 

Alibaba Group Holding Ltd.*

     6,860        194,123  

Meituan, Class B*(a)

     3,600        138,083  

Ping An Healthcare and Technology Co., Ltd.*(a)(b)

     3,700        46,402  

Tencent Holdings Ltd.

     2,800        219,694  
     

 

 

 
Total China

 

     598,302  
Germany – 1.3%

 

Delivery Hero SE*(a)

     944        122,598  

TeamViewer AG*(a)

     1,665        71,289  
     

 

 

 
Total Germany

 

     193,887  
Russia – 0.8%

 

Yandex N.V., Class A*(b)

     1,699        108,838  
United Kingdom – 2.0%

 

Farfetch Ltd., Class A*

     4,107        217,753  

TP ICAP Group PLC

     19,879        66,771  
     

 

 

 
Total United Kingdom

 

     284,524  
United States – 89.7%

 

Alphabet, Inc., Class A*

     653        1,346,826  

Amazon.com, Inc.*

     328        1,014,858  

American Express Co.

     1,973        279,061  

Anaplan, Inc.*

     3,071        165,373  

Angi, Inc., Class A*

     9,261        120,393  

Appian Corp.*(b)

     2,724        362,156  

Atlassian Corp. PLC, Class A*

     608        128,142  

Booking Holdings, Inc.*

     115        267,932  

Cargurus, Inc.*

     3,174        75,636  

CBOE Global Markets, Inc.

     1,558        153,759  

Chegg, Inc.*

     1,864        159,670  

CME Group, Inc.

     1,095        223,632  

Copart, Inc.*

     1,669        181,270  

CoStar Group, Inc.*

     222        182,460  

Coupa Software, Inc.*

     504        128,258  

Dropbox, Inc., Class A*

     6,300        167,958  

Etsy, Inc.*

     1,372        276,691  

Expedia Group, Inc.

     1,680        289,162  

Facebook, Inc., Class A*

     3,324        979,018  

IAA, Inc.*

     3,341      184,223  

LendingTree, Inc.*(b)

     214        45,582  

Lyft, Inc. , Class A*

     4,444        280,772  

MarketAxess Holdings, Inc.

     290        144,397  

MasterCard, Inc., Class A

     1,228        437,229  

Match Group, Inc.*

     1,667        229,012  

Microsoft Corp.

     4,898        1,154,801  

PayPal Holdings, Inc.*

     1,855        450,468  

Pinterest, Inc., Class A*

     5,430        401,983  

Redfin Corp.*(b)

     3,285        218,748  

salesforce.com, Inc.*

     1,518        321,619  

Slack Technologies, Inc., Class A*

     4,393        178,488  

Snap, Inc., Class A*

     6,814        356,304  

Teladoc Health, Inc.*(b)

     682        123,954  

Tradeweb Markets, Inc., Class A

     2,548        188,552  

Twitter, Inc.*

     4,172        265,464  

Uber Technologies, Inc.*

     4,418        240,825  

Visa, Inc., Class A

     2,627        556,215  

Yelp, Inc.*

     5,526        215,514  

Zillow Group, Inc., Class A*

     2,103        276,292  

Zynga, Inc., Class A*

     14,658        149,658  
     

 

 

 
Total United States

 

     12,922,355  
TOTAL COMMON STOCKS
(Cost: $13,449,733)

 

     14,397,062  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9%

 

United States – 1.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $265,750)      265,750        265,750  
TOTAL INVESTMENTS IN SECURITIES – 101.8%
(Cost: $13,715,483)

 

     14,662,812  

Other Assets less Liabilities – (1.8)%

 

     (252,390
     

 

 

 
NET ASSETS – 100.0%

 

   $ 14,410,422  
* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $758,705 and the total market value of the collateral held by the Fund was $764,145. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $498,395.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 14,397,062      $      $      $ 14,397,062  

Investment of Cash Collateral for Securities Loaned

            265,750               265,750  

Total Investments in Securities

   $ 14,397,062      $ 265,750      $      $ 14,662,812  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Schedule of Investments

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 101.5%

 

India – 101.5%

 

Aerospace & Defense – 0.3%

 

Bharat Dynamics Ltd.

     44,880      $ 204,132  

Bharat Electronics Ltd.

     1,369,992        2,344,101  
     

 

 

 
Total Aerospace & Defense

 

     2,548,233  
Air Freight & Logistics – 0.0%

 

Mahindra Logistics Ltd.(a)

     10,320        81,832  

TCI Express Ltd.

     6,112        79,148  
     

 

 

 
Total Air Freight & Logistics

 

     160,980  
Auto Components – 1.3%

 

Apollo Tyres Ltd.

     281,498        861,276  

Balkrishna Industries Ltd.

     75,734        1,749,012  

Bharat Forge Ltd.

     124,777        1,017,057  

Bosch Ltd.

     2,309        444,925  

Ceat Ltd.

     1,793        38,172  

Endurance Technologies Ltd.*(a)

     21,917        436,504  

Exide Industries Ltd.

     522,642        1,312,435  

Jamna Auto Industries Ltd.

     157,533        146,192  

JK Tyre & Industries Ltd.

     421,446        628,303  

Minda Industries Ltd.

     10,712        79,424  

Motherson Sumi Systems Ltd.

     878,603        2,420,811  

Sundram Fasteners Ltd.

     22,119        242,159  

Tube Investments of India Ltd.

     43,308        706,866  
     

 

 

 
Total Auto Components

 

     10,083,136  
Automobiles – 3.1%

 

Bajaj Auto Ltd.*

     149,245        7,492,691  

Eicher Motors Ltd.*

     93,053        3,314,087  

Hero MotoCorp., Ltd.

     148,211        5,906,243  

Mahindra & Mahindra Ltd.

     65,586        713,372  

Maruti Suzuki India Ltd.

     69,722        6,541,001  

TVS Motor Co., Ltd.

     100,977        808,009  
     

 

 

 
Total Automobiles

 

     24,775,403  
Banks – 10.3%

 

AU Small Finance Bank Ltd.*(a)

     33,887        569,088  

Axis Bank Ltd.*

     437,500        4,173,420  

Bandhan Bank Ltd.*(a)

     711,822        3,299,468  

Bank of Baroda*

     159,482        161,633  

City Union Bank Ltd.

     350,303        747,188  

DCB Bank Ltd.*

     695,692        976,260  

Federal Bank Ltd.*

     3,822,108        3,962,535  

ICICI Bank Ltd.*

     3,036,791        24,177,614  

Indian Bank*

     10,252        16,280  

IndusInd Bank Ltd.*

     868,890        11,342,765  

Karnataka Bank Ltd. (The)*

     1        1  

Karur Vysya Bank Ltd. (The)*

     762,822        580,095  

Kotak Mahindra Bank Ltd.*

     562,302        13,481,943  

Punjab National Bank*

     572,754        287,106  

RBL Bank Ltd.(a)

     332,485        943,834  

State Bank of India*

     3,148,928        15,689,996  

Ujjivan Small Finance Bank Ltd.*(a)

     250,035        104,304  

Yes Bank Ltd.*(b)

     3,906,791      833,577  
     

 

 

 
Total Banks

 

     81,347,107  
Beverages – 0.2%

 

Radico Khaitan Ltd.

     57,137        437,668  

United Spirits Ltd.*

     80,078        609,344  

Varun Beverages Ltd.

     24,548        336,741  
     

 

 

 
Total Beverages

 

     1,383,753  
Biotechnology – 0.1%

 

Biocon Ltd.*

     172,412        964,241  
Building Products – 0.1%

 

Astral Poly Technik Ltd.

     17,105        378,270  

Blue Star Ltd.

     28,591        365,317  

Kajaria Ceramics Ltd.

     10,972        139,098  

Prince Pipes & Fittings Ltd.

     21,927        125,194  
     

 

 

 
Total Building Products

 

     1,007,879  
Capital Markets – 0.3%

 

CRISIL Ltd.

     8,932        224,663  

HDFC Asset Management Co., Ltd.(a)

     1,235        49,306  

ICICI Securities Ltd.(a)

     76,991        403,100  

Indian Energy Exchange Ltd.(a)

     40,474        184,230  

JM Financial Ltd.

     469,754        543,232  

Motilal Oswal Financial Services Ltd.

     3,815        32,601  

Multi Commodity Exchange of India Ltd.

     18,026        373,014  

Nippon Life India Asset Management Ltd.(a)

     67,769        313,570  
     

 

 

 
Total Capital Markets

 

     2,123,716  
Chemicals – 4.2%

 

Aarti Industries Ltd.

     47,136        849,352  

Advanced Enzyme Technologies Ltd.

     50,068        236,220  

Akzo Nobel India Ltd.

     3,655        114,781  

Alkyl Amines Chemicals

     1,331        103,706  

Asian Paints Ltd.

     109,989        3,817,149  

Atul Ltd.

     9,403        910,936  

Balaji Amines Ltd.

     5,453        131,213  

Bayer CropScience Ltd.

     3,510        256,451  

Berger Paints India Ltd.

     86,476        904,811  

Castrol India Ltd.

     648,445        1,111,284  

Chambal Fertilizers and Chemicals Ltd.

     722,153        2,262,353  

Coromandel International Ltd.

     97,952        1,037,681  

DCM Shriram Ltd.

     141,974        973,145  

Deepak Fertilisers & Petrochemicals Corp., Ltd.

     71,013        220,089  

Deepak Nitrite Ltd.

     77,279        1,750,870  

EID Parry India Ltd.*

     172,204        749,806  

Fine Organic Industries Ltd.

     1,635        51,072  

Finolex Industries Ltd.

     63,540        552,720  

Galaxy Surfactants Ltd.

     5,111        178,030  

Gujarat Alkalies & Chemicals Ltd.

     121,999        575,340  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     301,092        1,236,263  

Gujarat State Fertilizers & Chemicals Ltd.

     23,111        25,699  

Himadri Speciality Chemical Ltd.

     20,163        11,486  

Jubilant Ingrevia Ltd.*

     110,847        393,728  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2021

 

 

 

Investments    Shares      Value  

Kansai Nerolac Paints Ltd.

     66,845      $ 549,516  

Kiri Industries Ltd.

     79,303        451,541  

Linde India Ltd.*

     50,548        1,244,104  

Meghmani Organics Ltd.

     327,174        521,769  

Navin Fluorine International Ltd.

     24,406        919,643  

NOCIL Ltd.

     5,460        13,050  

Phillips Carbon Black Ltd.

     31,165        81,329  

PI Industries Ltd.

     33,379        1,030,925  

Pidilite Industries Ltd.*

     43,765        1,083,085  

Polyplex Corp. Ltd.

     45,957        542,455  

Rain Industries Ltd.

     188,558        368,405  

Rallis India Ltd.

     47,551        164,414  

Rashtriya Chemicals & Fertilizers Ltd.

     272,343        288,495  

SRF Ltd.

     20,379        1,508,153  

Sudarshan Chemical Industries

     29,827        211,381  

Sumitomo Chemical India Ltd.

     22,566        89,722  

Supreme Industries Ltd.

     29,536        825,196  

UPL Ltd.

     493,797        4,334,938  

Vinati Organics Ltd.

     13,836        264,926  
     

 

 

 
Total Chemicals

 

     32,947,232  
Commercial Services & Supplies – 0.0%

 

Indian Railway Catering & Tourism Corp. Ltd.

     8,771        210,776  

SIS Ltd.

     30,395        162,194  
     

 

 

 
Total Commercial Services & Supplies

 

     372,970  
Communications Equipment – 0.1%

 

ITI Ltd.*

     34,112        53,631  

Sterlite Technologies Ltd.

     167,804        445,710  
     

 

 

 
Total Communications Equipment

 

     499,341  
Construction & Engineering – 3.3%

 

Ashoka Buildcon Ltd.*

     306,787        427,575  

Dilip Buildcon Ltd.(a)

     5,544        43,980  

Engineers India Ltd.

     749,548        789,389  

IRB Infrastructure Developers Ltd.

     552,128        820,107  

IRCON International Ltd.(a)

     210,489        254,209  

Kalpataru Power Transmission Ltd.

     38,923        200,701  

KEC International Ltd.*

     159,400        895,720  

KNR Constructions Ltd.

     208,968        609,923  

Larsen & Toubro Ltd.

     978,628        18,991,985  

NBCC India Ltd.

     283,300        181,340  

NCC Ltd.

     1,237,968        1,337,634  

Rail Vikas Nigam Ltd.*

     761,747        303,183  

Sterling & Wilson Solar Ltd.*

     8,225        29,075  

Voltas Ltd.

     93,493        1,281,227  
     

 

 

 
Total Construction & Engineering

 

     26,166,048  
Construction Materials – 4.5%

 

ACC Ltd.

     93,233        2,426,981  

Ambuja Cements Ltd.

     765,803        3,234,935  

Birla Corp., Ltd.

     64,474        837,608  

Dalmia Bharat Ltd.*

     1,386        30,122  

Grasim Industries Ltd.

     708,275        14,051,917  

HeidelbergCement India Ltd.

     89,498        285,948  

India Cements Ltd. (The)

     75,380        172,537  

JK Cement Ltd.*

     22,963      909,946  

JK Lakshmi Cement Ltd.

     118,286        700,442  

Ramco Cements Ltd. (The)

     82,866        1,136,275  

Shree Cement Ltd.*

     3,254        1,311,387  

UltraTech Cement Ltd.

     108,479        9,997,108  
     

 

 

 
Total Construction Materials

 

     35,095,206  
Consumer Finance – 3.6%

 

Bajaj Finance Ltd.

     95,119        6,699,815  

Capri Global Capital Ltd.

     17,584        91,283  

Cholamandalam Financial Holdings Ltd.

     111,285        912,031  

Cholamandalam Investment and Finance Co., Ltd.

     350,484        2,678,709  

CreditAccess Grameen Ltd.*

     17,155        157,381  

Equitas Holdings Ltd.

     638,289        761,700  

Mahindra & Mahindra Financial Services Ltd.*

     464,108        1,262,885  

Manappuram Finance Ltd.

     836,445        1,706,896  

Muthoot Finance Ltd.*

     134,596        2,219,956  

SBI Cards & Payment Services Ltd.

     17,584        223,246  

Shriram Transport Finance Co., Ltd.

     465,683        9,059,047  

Sundaram Finance Ltd.

     61,390        2,158,280  

Ujjivan Financial Services Ltd.

     187,020        537,933  
     

 

 

 
Total Consumer Finance

 

     28,469,162  
Containers & Packaging – 0.0%

 

EPL Ltd.

     41,589        134,044  
Diversified Financial Services – 2.6%

 

Aditya Birla Capital Ltd.*

     34,672        56,574  

Bajaj Holdings & Investment Ltd.

     90,111        4,058,608  

Housing & Urban Development Corp. Ltd.

     132,948        79,736  

L&T Finance Holdings Ltd.

     1,440,353        1,888,261  

Power Finance Corp., Ltd.

     5,099,840        7,934,305  

REC Ltd.

     3,533,762        6,338,793  
     

 

 

 
Total Diversified Financial Services

 

     20,356,277  
Diversified Telecommunication Services – 0.6%

 

HFCL Ltd.*

     699,759        240,706  

Indus Towers Ltd.

     1,451,209        4,862,919  
     

 

 

 
Total Diversified Telecommunication Services

 

     5,103,625  
Electric Utilities – 3.1%

 

Adani Transmission Ltd.*

     176,403        2,191,715  

CESC Ltd.

     208,398        1,691,811  

Power Grid Corp. of India Ltd.

     5,452,195        16,081,323  

SJVN Ltd.

     548,905        195,571  

Tata Power Co., Ltd. (The)

     1,909,773        2,696,949  

Torrent Power Ltd.

     231,253        1,340,446  
     

 

 

 
Total Electric Utilities

 

     24,197,815  
Electrical Equipment – 0.7%

 

ABB India Ltd.

     2,922        56,353  

Amara Raja Batteries Ltd.

     79,282        925,831  

Finolex Cables Ltd.

     150,612        784,745  

Graphite India Ltd.

     49,086        343,739  

Havells India Ltd.

     119,214        1,712,706  

HEG Ltd.*

     15,163        303,628  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2021

 

 

 

Investments    Shares      Value  

KEI Industries Ltd.

     83,731      $ 598,604  

Polycab India Ltd.

     17,965        338,974  

V-Guard Industries Ltd.

     107,458        370,888  
     

 

 

 
Total Electrical Equipment

 

     5,435,468  
Electronic Equipment, Instruments & Components – 0.2%

 

Redington India Ltd.

     686,407        1,791,739  
Food & Staples Retailing – 0.1%

 

Avenue Supermarts Ltd.*(a)

     17,494        684,088  
Food Products – 1.0%

 

Avanti Feeds Ltd.

     48,474        274,778  

Balrampur Chini Mills Ltd.

     463,716        1,360,443  

Bombay Burmah Trading Co.

     37,330        566,942  

Britannia Industries Ltd.

     29,091        1,442,360  

CCL Products India Ltd.

     71,401        228,469  

Godrej Agrovet Ltd.(a)

     15,564        111,503  

Kaveri Seed Co., Ltd.

     43,606        305,990  

KRBL Ltd.

     127,382        312,733  

LT Foods Ltd.

     255,817        204,685  

Nestle India Ltd.

     8,682        2,038,307  

Tata Coffee Ltd.

     40,433        66,334  

Tata Consumer Products Ltd.

     147,386        1,287,923  
     

 

 

 
Total Food Products

 

     8,200,467  
Gas Utilities – 3.2%

 

Adani Total Gas Ltd.

     190,198        2,500,594  

GAIL India Ltd.

     8,037,100        14,894,969  

Gujarat Gas Ltd.

     172,365        1,295,324  

Gujarat State Petronet Ltd.

     864,923        3,233,683  

Indraprastha Gas Ltd.

     286,786        2,009,674  

Mahanagar Gas Ltd.

     80,209        1,282,390  
     

 

 

 
Total Gas Utilities

 

     25,216,634  
Health Care Equipment & Supplies – 0.0%

 

Poly Medicure Ltd.*

     10,764        121,069  
Health Care Providers & Services – 0.2%

 

Apollo Hospitals Enterprise Ltd.

     31,025        1,231,707  

Aster DM Healthcare Ltd.*(a)

     73,119        137,460  

Dr. Lal PathLabs Ltd.(a)

     6,287        232,777  
     

 

 

 
Total Health Care Providers & Services

 

     1,601,944  
Hotels, Restaurants & Leisure – 0.2%

 

Chalet Hotels Ltd.*

     45,749        91,543  

Coffee Day Enterprises Ltd.*(a)

     83,101        61,888  

Delta Corp., Ltd.

     4,708        10,441  

EIH Ltd.*

     28,618        36,382  

Indian Hotels Co., Ltd. (The)

     433,918        657,877  

Jubilant Foodworks Ltd.*

     20,939        833,665  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,691,796  
Household Durables – 0.3%

 

Amber Enterprises India Ltd.

     5,208        236,193  

Crompton Greaves Consumer Electricals Ltd.

     240,804        1,292,720  

Orient Electric Ltd.

     54,881        233,782  

Symphony Ltd.

     16,903        292,441  

Whirlpool of India Ltd.

     20,604      627,472  
     

 

 

 
Total Household Durables

 

     2,682,608  
Household Products – 1.0%

 

Hindustan Unilever Ltd.

     238,079        7,917,650  

Jyothy Labs Ltd.

     39,834        74,532  
     

 

 

 
Total Household Products

 

     7,992,182  
Independent Power & Renewable Electricity Producers – 2.6%

 

JSW Energy Ltd.

     950,625        1,142,226  

NHPC Ltd.

     6,109,776        2,043,173  

NLC India Ltd.

     304,905        210,182  

NTPC Ltd.

     10,658,644        15,533,036  

PTC India Ltd.

     1,147,043        1,219,779  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     20,148,396  
Industrial Conglomerates – 0.3%

 

Balmer Lawrie & Co., Ltd.

     203,872        359,009  

Godrej Industries Ltd.*

     67,688        505,250  

Siemens Ltd.

     47,892        1,207,883  
     

 

 

 
Total Industrial Conglomerates

 

     2,072,142  
Insurance – 1.1%

 

Bajaj Finserv Ltd.

     33,128        4,380,864  

HDFC Life Insurance Co., Ltd.*(a)

     74,297        707,467  

ICICI Lombard General Insurance Co., Ltd.(a)

     29,836        584,855  

ICICI Prudential Life Insurance Co., Ltd.*(a)

     116,802        711,863  

Max Financial Services Ltd.*

     51,876        609,801  

New India Assurance Co., Ltd. (The)*(a)

     302,946        639,547  

SBI Life Insurance Co., Ltd.*(a)

     75,433        908,792  
     

 

 

 
Total Insurance

 

     8,543,189  
Interactive Media & Services – 0.1%

 

Just Dial Ltd.*

     46,904        553,600  
IT Services – 17.1%

 

Coforge Ltd.

     33,263        1,331,612  

eClerx Services Ltd.

     20,408        307,877  

Firstsource Solutions Ltd.

     369,425        575,507  

HCL Technologies Ltd.

     1,271,338        17,086,804  

Infibeam Avenues Ltd.*

     309,150        200,634  

Infosys Ltd.

     3,117,312        58,328,819  

Larsen & Toubro Infotech Ltd.(a)

     31,918        1,769,915  

Mindtree Ltd.

     76,013        2,166,535  

Mphasis Ltd.

     100,745        2,447,877  

Persistent Systems Ltd.

     47,626        1,252,015  

Sonata Software Ltd.

     81,763        569,438  

Suvidhaa Infoserve Pvt Ltd.*

     20,301        29,099  

Tata Consultancy Services Ltd.

     727,788        31,632,916  

Tech Mahindra Ltd.

     618,293        8,384,286  

Vakrangee Ltd.

     325,054        249,191  

Wipro Ltd.

     1,458,944        8,264,132  
     

 

 

 
Total IT Services

 

     134,596,657  
Life Sciences Tools & Services – 0.3%

 

Divi’s Laboratories Ltd.*

     47,161        2,336,836  

Syngene International Ltd.*(a)

     42,502        315,915  
     

 

 

 
Total Life Sciences Tools & Services

 

     2,652,751  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2021

 

 

 

Investments    Shares      Value  
Machinery – 0.9%

 

AIA Engineering Ltd.

     38,105      $ 1,069,814  

Ashok Leyland Ltd.

     694,596        1,078,274  

BEML Ltd.

     17,695        303,917  

Cochin Shipyard Ltd.(a)

     27,799        142,315  

Cummins India Ltd.

     147,719        1,858,061  

Escorts Ltd.

     60,908        1,072,812  

GMM Pfaudler Ltd.

     772        45,469  

SKF India Ltd.

     16,760        515,634  

Thermax Ltd.

     22,043        405,066  

Timken India Ltd.

     11,892        210,876  
     

 

 

 
Total Machinery

 

     6,702,238  
Marine – 0.1%

 

Shipping Corp. of India Ltd.

     455,640        689,875  
Media – 0.2%

 

Affle India Ltd.*

     140        10,451  

Sun TV Network Ltd.

     140,376        902,960  

TV18 Broadcast Ltd.*

     431,305        169,599  

Zee Entertainment Enterprises Ltd.

     192,260        534,335  
     

 

 

 
Total Media

 

     1,617,345  
Metals & Mining – 4.7%

 

APL Apollo Tubes Ltd.*

     45,210        866,218  

Hindalco Industries Ltd.

     2,621,725        11,720,242  

Hindustan Zinc Ltd.

     376,667        1,405,925  

Jindal Saw Ltd.

     301,113        305,381  

JSW Steel Ltd.

     1,204,880        7,719,834  

Mishra Dhatu Nigam Ltd.(a)

     36,571        88,459  

MOIL Ltd.

     132,518        272,870  

National Aluminium Co., Ltd.

     51,830        38,316  

NMDC Ltd.

     2,006,568        3,714,609  

Steel Authority of India Ltd.

     3,202,373        3,451,430  

Tata Metaliks Ltd.

     34,560        385,713  

Tata Steel Ltd.

     522,293        5,799,505  

Welspun Corp., Ltd.

     531,492        1,005,719  
     

 

 

 
Total Metals & Mining

 

     36,774,221  
Multiline Retail – 0.1%

 

Future Retail Ltd.*

     404,774        236,120  

Trent Ltd.

     12,946        132,986  

V-Mart Retail Ltd.*

     2,922        111,323  
     

 

 

 
Total Multiline Retail

 

     480,429  
Oil, Gas & Consumable Fuels – 10.5%

 

Aegis Logistics Ltd.

     75,273        307,470  

Bharat Petroleum Corp., Ltd.

     559,611        3,275,520  

Coal India Ltd.

     7,438,622        13,261,861  

Great Eastern Shipping Co., Ltd. (The)

     124,007        530,365  

Hindustan Petroleum Corp., Ltd.

     1,129,809        3,623,671  

Oil & Natural Gas Corp., Ltd.

     6,822,057        9,531,355  

Oil India Ltd.

     2,300,091        3,863,174  

Petronet LNG Ltd.

     1,077,608        3,311,069  

Reliance Industries Ltd.

     1,635,511        44,808,153  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     82,512,638  
Paper & Forest Products – 0.3%

 

Century Plyboards India Ltd.*

     45,899      199,789  

Century Textiles & Industries Ltd.

     109,791        698,341  

JK Paper Ltd.

     569,993        1,168,227  
     

 

 

 
Total Paper & Forest Products

 

     2,066,357  
Personal Products – 0.8%

 

Bajaj Consumer Care, Ltd.

     4,114        14,624  

Colgate-Palmolive India Ltd.

     43,875        935,754  

Dabur India Ltd.

     218,363        1,614,268  

Emami Ltd.

     60,648        403,138  

Godrej Consumer Products Ltd.

     186,476        1,860,966  

Marico Ltd.

     231,428        1,301,894  
     

 

 

 
Total Personal Products

 

     6,130,644  
Pharmaceuticals – 3.5%

 

Ajanta Pharma Ltd.

     15,956        391,056  

Alembic Pharmaceuticals Ltd.*

     34,696        457,915  

Alkem Laboratories Ltd.

     16,902        640,306  

Aurobindo Pharma Ltd.

     351,329        4,234,857  

Cadila Healthcare Ltd.*

     210,092        1,266,924  

Caplin Point Laboratories Ltd.

     19,840        109,479  

Cipla Ltd.*

     263,615        2,938,881  

Dr. Reddy’s Laboratories Ltd.

     65,962        4,074,259  

Eris Lifesciences Ltd.(a)

     14,190        117,419  

FDC Ltd.

     16,816        65,756  

GlaxoSmithKline Pharmaceuticals Ltd.

     13,089        257,927  

Glenmark Pharmaceuticals Ltd.

     207,328        1,317,746  

Granules India Ltd.

     165,563        687,150  

IOL Chemicals and Pharmaceuticals Ltd.

     29,921        225,429  

Ipca Laboratories Ltd.

     26,923        701,026  

JB Chemicals & Pharmaceuticals Ltd.

     15,627        268,334  

Jubilant Pharmova Ltd.

     110,847        1,032,609  

Laurus Labs Ltd.(a)

     46,755        231,493  

Marksans Pharma Ltd.

     183,092        125,085  

Natco Pharma Ltd.

     71,785        810,547  

Pfizer Ltd.

     3,765        233,010  

Sanofi India Ltd.

     1,542        166,288  

Solara Active Pharma Sciences Ltd.

     10,084        192,146  

Strides Pharma Science Ltd.

     40,355        466,231  

Sun Pharmaceutical Industries Ltd.

     610,370        4,990,569  

Suven Pharmaceuticals Ltd.

     130,010        883,404  

Torrent Pharmaceuticals Ltd.

     22,156        771,238  
     

 

 

 
Total Pharmaceuticals

 

     27,657,084  
Professional Services – 0.1%

 

L&T Technology Services Ltd.(a)

     23,423        850,214  
Real Estate Management & Development – 0.4%

 

Godrej Properties Ltd.*

     22,394        430,873  

Indiabulls Real Estate Ltd.*

     347,354        385,296  

NESCO Ltd.

     22,779        163,941  

Oberoi Realty Ltd.*

     115,600        909,368  

Phoenix Mills Ltd. (The)*

     29,420        314,123  

Prestige Estates Projects Ltd.

     110,386        461,390  

Sobha Ltd.

     50,982        304,684  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2021

 

 

 

Investments    Shares      Value  

Sunteck Realty Ltd.

     35,632      $ 136,653  
     

 

 

 
Total Real Estate Management & Development

 

     3,106,328  
Road & Rail – 0.0%

 

Container Corp. of India Ltd.

     32,993        269,851  
Software – 0.4%

 

Birlasoft Ltd.

     264,929        916,931  

Cyient Ltd.

     129,755        1,149,030  

DRC Systems India Ltd.*

     375        1,502  

Oracle Financial Services Software Ltd.

     17,572        768,829  

Tata Elxsi Ltd.

     12,467        459,180  
     

 

 

 
Total Software

 

     3,295,472  
Textiles, Apparel & Luxury Goods – 0.9%

 

Bata India Ltd.

     17,143        329,712  

LUX Industries Ltd.

     5,292        126,546  

Page Industries Ltd.

     666        276,165  

Rajesh Exports Ltd.

     249,012        1,630,705  

Raymond Ltd.*

     92,293        456,392  

Relaxo Footwears Ltd.*

     19,368        232,160  

Titan Co., Ltd.

     114,854        2,447,532  

Trident Ltd.*

     3,222,227        619,204  

Welspun India Ltd.

     553,845        612,448  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     6,730,864  
Thrifts & Mortgage Finance – 9.6%

 

Aavas Financiers Ltd.*

     7,537        249,556  

Can Fin Homes Ltd.

     120,202        1,009,030  

Housing Development Finance Corp., Ltd.

     1,927,490        65,857,144  

Indiabulls Housing Finance Ltd.*

     1,301,707        3,498,458  

LIC Housing Finance Ltd.

     803,593        4,706,345  

PNB Housing Finance Ltd.*(a)

     33,239        170,437  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     75,490,970  
Tobacco – 1.5%

 

Godfrey Phillips India Ltd.

     23,122        289,603  

ITC Ltd.

     3,797,980        11,350,240  

VST Industries Ltd.

     3,948        183,005  
     

 

 

 
Total Tobacco

 

     11,822,848  
Trading Companies & Distributors – 0.3%

 

Adani Enterprises Ltd.

     190,510      $ 2,686,832  
Transportation Infrastructure – 1.1%

 

Adani Ports & Special Economic Zone Ltd.

     863,624        8,296,791  

Gujarat Pipavav Port Ltd.

     462,879        614,418  
     

 

 

 
Total Transportation Infrastructure

 

     8,911,209  
TOTAL COMMON STOCKS
(Cost: $438,589,460)

 

     799,516,317  
EXCHANGE-TRADED FUND – 0.0%

 

United States – 0.0%

 

WisdomTree India ex-State-Owned Enterprises Fund(c)

     
(Cost: $26,901)      1,100        33,709  
TOTAL INVESTMENTS IN SECURITIES – 101.5%
(Cost: $438,616,361)

 

     799,550,026  

Other Assets less Liabilities – (1.5)%

 

     (11,724,744
     

 

 

 
NET ASSETS – 100.0%

 

   $ 787,825,282  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $61,888, which represents 0.01% of net assets.

 

(a) 

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

 

(b) 

This security, or a portion thereof, is restricted from resale (see Note 2 – Restricted Securities). In accordance with a reconstruction scheme notified by the government of India applicable to Yes Bank Ltd., effective March 16, 2020, 75% of all shares of Yes Bank Ltd. held by then-existing shareholders are subject to a three-year lock-in period and are unable to be sold. At March 31, 2021, the value of the restricted portion of this security is as follows:

 

 

Investment   Restricted
Shares
   

Acquisition

Date

   

Acquisition

Cost

    Value    

Value as a
Percentage

of Net
Assets

 

India – Banks

         

Yes Bank
Ltd.

    3,906,791      
9/21/15 -
3/13/20
 
 
  $ 3,947,791     $ 833,577       0.1

 

(c) 

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

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree India ex-State-Owned Enterprises Fund

  $ 19,463     $     $     $     $ 14,246     $ 33,709     $ 49  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

           

Hotels, Restaurants & Leisure

   $ 1,629,908      $      $ 61,888 *     $ 1,691,796  

Other

     797,824,521                      797,824,521  

Exchange-Traded Fund

     33,709                      33,709  

Total Investments in Securities

   $ 799,488,138      $      $ 61,888      $ 799,550,026  
* 

Securities are being fair valued using significant unobservable inputs by the Pricing Committee.

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Schedule of Investments

WisdomTree India ex-State-Owned Enterprises Fund (IXSE)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 102.8%

 

India – 102.8%

 

Airlines – 0.3%

 

InterGlobe Aviation Ltd.*(a)

     595      $ 13,281  
Auto Components – 1.6%

 

Balkrishna Industries Ltd.

     613        14,157  

Bharat Forge Ltd.

     1,541        12,561  

Bosch Ltd.

     73        14,066  

Exide Industries Ltd.

     3,701        9,294  

Motherson Sumi Systems Ltd.

     8,263        22,767  
     

 

 

 
Total Auto Components

 

     72,845  
Automobiles – 6.8%

 

Bajaj Auto Ltd.*

     560        28,114  

Eicher Motors Ltd.*

     901        32,089  

Hero MotoCorp., Ltd.

     903        35,985  

Mahindra & Mahindra Ltd.

     6,255        68,035  

Maruti Suzuki India Ltd.

     861        80,775  

Tata Motors Ltd.*

     12,972        53,546  

TVS Motor Co., Ltd.

     1,358        10,867  
     

 

 

 
Total Automobiles

 

     309,411  
Banks – 12.7%

 

AU Small Finance Bank Ltd.*(a)

     1,011        16,979  

Axis Bank Ltd.*

     13,958        133,149  

Bandhan Bank Ltd.*(a)

     4,117        19,083  

ICICI Bank Ltd.*

     30,407        242,087  

Kotak Mahindra Bank Ltd.*

     6,976        167,259  

Yes Bank Ltd.*(b)

     3,819        815  
     

 

 

 
Total Banks

 

     579,372  
Beverages – 0.3%

 

United Spirits Ltd.*

     1,850        14,077  
Biotechnology – 0.4%

 

Biocon Ltd.*

     3,009        16,828  
Building Products – 0.3%

 

Astral Poly Technik Ltd.

     616        13,630  
Capital Markets – 0.3%

 

HDFC Asset Management Co., Ltd.(a)

     332        13,255  
Chemicals – 5.7%

 

Aarti Industries Ltd.

     611        11,010  

Asian Paints Ltd.

     2,954        102,518  

Atul Ltd.

     111        10,753  

Bayer CropScience Ltd.

     76        5,553  

Berger Paints India Ltd.

     1,525        15,956  

Coromandel International Ltd.

     771        8,168  

Navin Fluorine International Ltd.

     244        9,194  

PI Industries Ltd.

     506        15,628  

Pidilite Industries Ltd.*

     967        23,931  

SRF Ltd.

     185        13,691  

Supreme Industries Ltd.

     410        11,455  

UPL Ltd.

     3,604        31,639  
     

 

 

 
Total Chemicals

 

     259,496  
Construction & Engineering – 0.5%

 

Voltas Ltd.

     1,566      21,460  
Construction Materials – 4.2%

 

ACC Ltd.

     461        12,000  

Ambuja Cements Ltd.

     4,200        17,742  

Grasim Industries Ltd.

     2,567        50,928  

Ramco Cements Ltd. (The)

     905        12,410  

Shree Cement Ltd.*

     65        26,195  

UltraTech Cement Ltd.

     762        70,224  
     

 

 

 
Total Construction Materials

 

     189,499  
Consumer Finance – 4.6%

 

Bajaj Finance Ltd.

     1,760        123,968  

Cholamandalam Investment and Finance Co., Ltd.

     3,269        24,984  

Manappuram Finance Ltd.

     2,773        5,659  

Muthoot Finance Ltd.*

     713        11,760  

Shriram Transport Finance Co., Ltd.

     1,163        22,624  

Sundaram Finance Ltd.

     526        18,492  
     

 

 

 
Total Consumer Finance

 

     207,487  
Diversified Financial Services – 0.4%

 

Piramal Enterprises Ltd.

     700        16,785  
Diversified Telecommunication Services – 0.4%

 

Indus Towers Ltd.

     5,862        19,643  
Electrical Equipment – 0.5%

 

Havells India Ltd.

     1,583        22,742  
Equity Real Estate Investment Trusts (REITs) – 0.2%

 

Embassy Office Parks REIT

     2,600        11,573  
Food & Staples Retailing – 1.0%

 

Avenue Supermarts Ltd.*(a)

     1,132        44,266  
Food Products – 2.9%

 

Britannia Industries Ltd.

     799        39,615  

Nestle India Ltd.

     243        57,050  

Tata Consumer Products Ltd.

     4,153        36,291  
     

 

 

 
Total Food Products

 

     132,956  
Health Care Providers & Services – 0.6%

 

Apollo Hospitals Enterprise Ltd.

     641        25,448  
Hotels, Restaurants & Leisure – 0.5%

 

Jubilant Foodworks Ltd.*

     531        21,141  
Household Durables – 0.4%

 

Crompton Greaves Consumer Electricals Ltd.

     3,251        17,453  
Household Products – 4.3%

 

Hindustan Unilever Ltd.

     5,889        195,847  
Independent Power & Renewable Electricity Producers – 0.7%

 

Adani Green Energy Ltd.*

     2,170        32,792  
Industrial Conglomerates – 0.4%

 

Siemens Ltd.

     663        16,722  
Insurance – 3.3%

 

Bajaj Finserv Ltd.

     270        35,705  

HDFC Life Insurance Co., Ltd.*(a)

     5,171        49,239  

ICICI Lombard General Insurance Co., Ltd.(a)

     1,504        29,482  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree India ex-State-Owned Enterprises Fund (IXSE)

March 31, 2021

 

 

 

Investments    Shares      Value  

ICICI Prudential Life Insurance Co., Ltd.*(a)

     2,832      $ 17,260  

Max Financial Services Ltd.*

     1,500        17,632  
     

 

 

 
Total Insurance

 

     149,318  
Interactive Media & Services – 0.6%

 

Info Edge India Ltd.

     462        27,048  
IT Services – 13.8%

 

HCL Technologies Ltd.

     7,000        94,080  

Infosys Ltd.

     22,336        417,934  

Mphasis Ltd.

     637        15,478  

Tech Mahindra Ltd.

     3,871        52,492  

Wipro Ltd.

     8,518        48,250  
     

 

 

 
Total IT Services

 

     628,234  
Life Sciences Tools & Services – 0.9%

 

Divi’s Laboratories Ltd.*

     849        42,068  
Machinery – 0.5%

 

Ashok Leyland Ltd.

     9,145        14,196  

Escorts Ltd.

     598        10,533  
     

 

 

 
Total Machinery

 

     24,729  
Media – 0.4%

 

Zee Entertainment Enterprises Ltd.

     6,961        19,346  
Metals & Mining – 3.7%

 

Jindal Steel & Power Ltd.*

     3,437        16,152  

JSW Steel Ltd.

     7,153        45,830  

Tata Steel Ltd.

     4,801        53,310  

Vedanta Ltd.

     17,075        53,423  
     

 

 

 
Total Metals & Mining

 

     168,715  
Multiline Retail – 0.3%

 

Trent Ltd.

     1,278        13,128  
Oil, Gas & Consumable Fuels – 8.0%

 

Reliance Industries Ltd.

     13,263        363,367  
Personal Products – 2.2%

 

Colgate-Palmolive India Ltd.

     855        18,235  

Dabur India Ltd.

     3,908        28,890  

Emami Ltd.

     1,401        9,313  

Godrej Consumer Products Ltd.

     2,562        25,568  

Marico Ltd.

     3,339        18,783  
     

 

 

 
Total Personal Products

 

     100,789  
Pharmaceuticals – 5.9%

 

Alkem Laboratories Ltd.

     238        9,016  

Aurobindo Pharma Ltd.

     1,879        22,649  

Cadila Healthcare Ltd.*

     1,575        9,498  

Cipla Ltd.*

     3,444        38,395  

Dr. Reddy’s Laboratories Ltd.

     841        51,946  

Ipca Laboratories Ltd.

     436        11,353  

Laurus Labs Ltd.(a)

     2,175        10,769  

Lupin Ltd.

     1,658        23,141  

Natco Pharma Ltd.

     565        6,380  

Pfizer Ltd.

     85        5,260  

Sanofi India Ltd.

     62        6,686  

Sun Pharmaceutical Industries Ltd.

     7,370        60,259  

Torrent Pharmaceuticals Ltd.

     337      11,731  
     

 

 

 
Total Pharmaceuticals

 

     267,083  
Real Estate Management & Development – 0.6%

 

DLF Ltd.

     3,840        15,076  

Godrej Properties Ltd.*

     722        13,892  
     

 

 

 
Total Real Estate Management & Development

 

     28,968  
Textiles, Apparel & Luxury Goods – 1.8%

 

Bata India Ltd.

     340        6,539  

Page Industries Ltd.

     38        15,757  

Titan Co., Ltd.

     2,770        59,029  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     81,325  
Thrifts & Mortgage Finance – 8.1%

 

Housing Development Finance Corp., Ltd.

     10,852        370,784  
Wireless Telecommunication Services – 2.7%

 

Bharti Airtel Ltd.

     16,559        117,160  

Vodafone Idea Ltd.*

     65,534        8,291  
     

 

 

 
Total Wireless Telecommunication Services

 

     125,451  
TOTAL INVESTMENTS IN SECURITIES – 102.8%
(Cost: $3,695,467)

 

     4,678,362  

Other Assets less Liabilities – (2.8)%

 

     (128,898
     

 

 

 
NET ASSETS – 100.0%

 

   $ 4,549,464  
* 

Non-income producing security.

 

(a) 

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

 

(b) 

This security, or a portion thereof, is restricted from resale (see Note 2 – Restricted Securities). In accordance with a reconstruction scheme notified by the government of India applicable to Yes Bank Ltd., effective March 16, 2020, 75% of all shares of Yes Bank Ltd. held by then-existing shareholders are subject to a three-year lock-in period and are unable to be sold. At March 31, 2021, the value of the restricted portion of this security is as follows:

 

Investment   Restricted
Shares
   

Acquisition

Date

   

Acquisition

Cost

    Value     Value as a
Percentage of
Net Assets
 

India – Banks

         

Yes Bank
Ltd.

    3,819      
4/2/19 -
10/18/19
 
 
  $ 11,551     $ 815       0.0

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Schedule of Investments (concluded)

WisdomTree India ex-State-Owned Enterprises Fund (IXSE)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 4,678,362      $      $      $ 4,678,362  

Total Investments in Securities

   $ 4,678,362      $      $      $ 4,678,362  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
China
ex-State-Owned
Enterprises
Fund
     WisdomTree
Emerging Markets
ex-State-Owned
Enterprises Fund
     WisdomTree
Emerging Markets
High Dividend Fund
     WisdomTree
Emerging
Markets
Multifactor
Fund
     WisdomTree
Emerging
Markets
Quality
Dividend
Growth Fund
 

ASSETS:

              

Investments, at cost

   $ 829,247,976      $ 4,033,092,583      $ 1,564,255,369      $ 4,375,104      $ 71,889,491  

Investment in affiliates, at cost (Note 3)

                   1,600,025                

Foreign currency, at cost

     2,768,511        1,522,778        2,195,559        1,460        21,067  

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

     936,746,264        4,740,591,887        1,917,597,750        5,126,325        95,603,029  

Investment in affiliates, at value (Note 3)

                   1,640,275                

Cash

     9,611,379        11,909,862        1,068,286        12,197        37,596  

Foreign currency, at value

     2,768,509        1,476,720        2,188,672        1,480        21,067  

Unrealized appreciation on foreign currency contracts

     4,623        47,944               22,041         

Receivables:

              

Investment securities sold3

     4,064,147        40,085,052        207,148                

Capital shares sold

     14,540,712                              

Dividends

     220        10,625,530        4,208,584        19,478        332,555  

Securities lending income

     154,394        164,679        90,871        10        1,548  

Foreign tax reclaims

            5,596        46,140        300        362  

Total Assets

     967,890,248        4,804,907,270        1,927,047,726        5,181,831        95,996,157  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     651        20,851        4,559        25         

Payables:

              

Cash collateral received for securities loaned (Note 2)

     20,433,389        17,991,494        7,103,423        8,550        1,102,243  

Investment securities purchased

     32,509,107        53,828,705               4,020         

Advisory fees (Note 3)

     251,323        1,246,123        1,015,392        2,083        25,746  

Service fees (Note 2)

     3,456        17,134        7,085        20        355  

Foreign capital gains tax

            11,867,245        2,215,447        5,534        437,275  

Total Liabilities

     53,197,926        84,971,552        10,345,906        20,232        1,565,619  

NET ASSETS

   $ 914,692,322      $ 4,719,935,718      $ 1,916,701,820      $ 5,161,599      $ 94,430,538  

NET ASSETS:

              

Paid-in capital

   $ 837,854,615      $ 4,101,737,267      $ 3,193,008,526      $ 5,839,681      $ 91,221,273  

Total distributable earnings (loss)

     76,837,707        618,198,451        (1,276,306,706      (678,082      3,209,265  

NET ASSETS

   $ 914,692,322      $ 4,719,935,718      $ 1,916,701,820      $ 5,161,599      $ 94,430,538  

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

     14,200,000        117,100,000        43,300,000        200,000        3,200,000  

Net asset value per share

   $ 64.41      $ 40.31      $ 44.27      $ 25.81      $ 29.51  

1 Includes market value of securities out on loan of:

   $ 49,348,565      $ 108,446,202      $ 108,280,399      $ 32,692      $ 3,095,951  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

   $ 2,574,450      $ 1,736,926                       

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
Emerging Markets
SmallCap Dividend
Fund
     WisdomTree
Global ex-U.S.
Quality Dividend
Growth Fund
     WisdomTree
Global ex-U.S.
Real Estate
Fund
     WisdomTree
Global High
Dividend Fund
     WisdomTree
Growth
Leaders Fund
 

ASSETS:

              

Investments, at cost

   $ 1,591,024,493      $ 298,791,410      $ 62,625,158      $ 57,982,871      $ 13,715,483  

Investment in affiliates, at cost (Note 3)

     2,177,936        138,098               67,242         

Foreign currency, at cost

     13,745,237        289,009        50,357        20,032        3,636  

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

     1,954,470,183        358,233,615        68,968,446        67,198,929        14,662,812  

Investment in affiliates, at value (Note 3)

     2,224,743        138,145               72,481         

Cash

     3,210,532        66,642        42,225        25,212        11,287  

Foreign currency, at value

     13,728,884        288,095        50,319        20,003        3,669  

Unrealized appreciation on foreign currency contracts

     13,962                              

Receivables:

              

Investment securities sold3

     575,917                              

Capital shares sold

     2,975,029                              

Dividends

     9,428,234        1,258,567        196,187        246,381        848  

Securities lending income

     530,400        7,134        2,438        1,081        113  

Foreign tax reclaims

     35,633        246,962        28,602        54,470         

Total Assets

     1,987,193,517        360,239,160        69,288,217        67,618,557        14,678,729  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     7,108        198        131                

Payables:

              

Cash collateral received for securities loaned (Note 2)

     29,682,870        3,935,928        5,538,740        1,936,790        265,750  

Investment securities purchased

     15,449,344               6,264                

Advisory fees (Note 3)

     1,016,008        173,559        32,204        32,284        2,502  

Service fees (Note 2)

     7,069        1,314        244        243        55  

Foreign capital gains tax

     5,818,561        997,906               8,499         

Total Liabilities

     51,980,960        5,108,905        5,577,583        1,977,816        268,307  

NET ASSETS

   $ 1,935,212,557      $ 355,130,255      $ 63,710,634      $ 65,640,741      $ 14,410,422  

NET ASSETS:

              

Paid-in capital

   $ 2,114,689,254      $ 318,601,597      $ 92,695,794      $ 76,093,005      $ 13,557,957  

Total distributable earnings (loss)

     (179,476,697      36,528,658        (28,985,160      (10,452,264      852,465  

NET ASSETS

   $ 1,935,212,557      $ 355,130,255      $ 63,710,634      $ 65,640,741      $ 14,410,422  

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

     38,100,000        9,200,000 ^       2,400,000        1,400,000        325,004  

Net asset value per share

   $ 50.79      $ 38.60 ^     $ 26.55      $ 46.89      $ 44.34  

1 Includes market value of securities out on loan of:

   $ 267,000,607      $ 9,273,853      $ 6,836,169      $ 3,521,717      $ 758,705  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

   $ 146,880                              

^ Updated to reflect the effect of a 2-for-1 stock split on June 10, 2021 (see Note 9).

  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
India Earnings
Fund

(consolidated)
     WisdomTree
India
ex-State-Owned
Enterprises
Fund
 

ASSETS:

 

Investments, at cost

   $ 438,589,460      $ 3,695,467  

Investment in affiliates, at cost (Note 3)

     26,901         

Foreign currency, at cost

     2,300,125        1,543,505  

Investments in securities, at value

     799,516,317        4,678,362  

Investment in affiliates, at value (Note 3)

     33,709         

Cash

     93,807         

Foreign currency, at value

     2,297,119        1,543,505  

Receivables:

 

Investment securities sold

            27,922  

Capital shares sold

            10,630  

Dividends

     65,346        222  

Total Assets

     802,006,298        6,260,641  

LIABILITIES:

 

Due to custodian

            25,740  

Payables:

 

Investment securities purchased

            1,525,280  

Advisory fees (Note 3)

     562,511        1,530  

Service fees (Note 2)

     2,981        12  

Foreign capital gains tax

     13,615,524        158,615  

Total Liabilities

     14,181,016        1,711,177  

NET ASSETS

   $ 787,825,282      $ 4,549,464  

NET ASSETS:

 

Paid-in capital

   $ 586,553,403      $ 3,826,383  

Total distributable earnings

     201,271,879        723,081  

NET ASSETS

   $ 787,825,282      $ 4,549,464  

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

     25,200,000        150,000  

Net asset value per share

   $ 31.26      $ 30.33  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
China
ex-State-Owned
Enterprises
Fund
     WisdomTree
Emerging Markets
ex-State-Owned
Enterprises Fund
     WisdomTree
Emerging Markets
High Dividend Fund
     WisdomTree
Emerging
Markets
Multifactor
Fund
     WisdomTree
Emerging
Markets
Quality
Dividend
Growth Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 2,818,210      $ 33,309,934      $ 85,883,939      $ 241,564      $ 2,186,794  

Dividends from affiliates (Note 3)

                   61,505        593         

Interest

     26                             12  

Non-cash dividends

     71,885        503,788        240,761               150,156  

Securities lending income, net (Note 2)

     523,480        682,323        1,182,427        49        11,474  

Total investment income

     3,413,601        34,496,045        87,368,632        242,206        2,348,436  

EXPENSES:

              

Advisory fees (Note 3)

     1,810,933        8,730,387        10,557,139        38,827        358,623  

Service fees (Note 2)

     21,487        105,922        73,733        356        3,823  

Total expenses

     1,832,420        8,836,309        10,630,872        39,183        362,446  

Expense waivers (Note 3)

     (248,185      (1,026,996      (2,740      (10      (80,551

Net expenses

     1,584,235        7,809,313        10,628,132        39,173        281,895  

Net investment income

     1,829,366        26,686,732        76,740,500        203,033        2,066,541  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions2

     (107,557      (43,525,920      (295,461,471      740,445        (3,256,935

Investment transactions in affiliates (Note 3)

                   (99,760      (2,647       

In-kind redemptions

     16,888,254        55,430,495        (1,629,653      566,074        3,033,113  

Futures contracts

            (99,880             (2,150       

Foreign currency contracts

     (70,297      (307,377      406,946        (87,187      (9,268

Foreign currency related transactions

     31,564        (954,108      (368,890      (18,165      (6,444

Net realized gain (loss)

     16,741,964        10,543,210        (297,152,828      1,196,370        (239,534

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions3

     111,343,640        825,031,035        821,275,704        1,942,571        35,187,027  

Investment transactions in affiliates (Note 3)

                   348,249                

Foreign currency contracts

     3,972        27,093        (6,415      41,548        (688

Translation of assets and liabilities denominated in foreign currencies

     (9,323      (298,114      174,940        2,476        961  

Net increase in unrealized appreciation/depreciation

     111,338,289        824,760,014        821,792,478        1,986,595        35,187,300  

Net realized and unrealized gain on investments

     128,080,253        835,303,224        524,639,650        3,182,965        34,947,766  

Net increase from payment by affiliate (Note 3)

            3,285                       

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 129,909,619      $ 861,993,241      $ 601,380,150      $ 3,385,998      $ 37,014,307  

1 Net of foreign withholding tax of:

   $ 150,791      $ 5,344,337      $ 12,833,493      $ 34,220      $ 300,734  

2 Net of foreign capital gains tax withheld of:

          $ 770,705             $ 7,651      $ 20,252  

3 Includes net increase (decrease) in accrued foreign capital gain taxes of:

          $ 11,867,360      $ 3,030,029      $ 6,956      $ 454,190  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Statements of Operations (continued)

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
Emerging Markets
SmallCap Dividend
Fund
     WisdomTree
Global ex-U.S.
Quality Dividend
Growth Fund
     WisdomTree
Global ex-U.S.
Real Estate
Fund
     WisdomTree
Global High
Dividend Fund
     WisdomTree
Growth
Leaders Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 62,933,515      $ 6,564,562      $ 2,945,413      $ 3,132,428      $ 19,155  

Dividends from affiliates (Note 3)

     258,040        42,345               7,731         

Non-cash dividends

     1,443        3,989        126,903        77,140         

Securities lending income, net (Note 2)

     4,431,838        54,688        50,189        13,047        2,507  

Total investment income

     67,624,836        6,665,584        3,122,505        3,230,346        21,662  

EXPENSES:

              

Advisory fees (Note 3)

     9,938,827        1,346,011        433,628        404,645        16,096  

Service fees (Note 2)

     69,416        10,211        3,289        3,071        305  

Total expenses

     10,008,243        1,356,222        436,917        407,716        16,401  

Expense waivers (Note 3)

     (9,034                    (10       

Net expenses

     9,999,209        1,356,222        436,917        407,706        16,401  

Net investment income

     57,625,627        5,309,362        2,685,588        2,822,640        5,261  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (100,382,253      (7,559,019      (18,049,577      (10,612,304      (58,809

Investment transactions in affiliates (Note 3)

     (164,445      95,279               55,949         

In-kind redemptions

     3,171,238        8,222,277        4,918,270        3,083,799        1,219,276  

Foreign currency contracts

     (221,370      (50,359      6,286        (4,685      2,225  

Foreign currency related transactions

     (290,351      9,981        16,927        5,380        (2,091

Net realized gain (loss)

     (97,887,181      718,159        (13,108,094      (7,471,861      1,160,601  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions2

     756,609,236        68,077,315        26,560,583        28,592,172        1,100,777  

Investment transactions in affiliates (Note 3)

     772,627        90,998               (27,999       

Foreign currency contracts

     7,404        (1,645      (237      212        2  

Translation of assets and liabilities denominated in foreign currencies

     (8,180      (4,248      413        3,139        34  

Net increase in unrealized appreciation/depreciation

     757,381,087        68,162,420        26,560,759        28,567,524        1,100,813  

Net realized and unrealized gain on investments

     659,493,906        68,880,579        13,452,665        21,095,663        2,261,414  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 717,119,533      $ 74,189,941      $ 16,138,253      $ 23,918,303      $ 2,266,675  

1 Net of foreign withholding tax of:

   $ 9,638,852      $ 646,007      $ 222,319      $ 151,736      $ 329  

2 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 5,818,787      $ 997,906             $ 8,499         

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
India Earnings
Fund

(consolidated)
     WisdomTree
India
ex-State-Owned
Enterprises
Fund
 

INVESTMENT INCOME:

     

Dividends1

   $ 9,984,457      $ 18,331  

Dividends from affiliates (Note 3)

     49         

Total investment income

     9,984,506        18,331  

EXPENSES:

     

Advisory fees (Note 3)

     5,470,595        13,635  

Service fees (Note 2)

     29,000        104  

Interest expense (Note 8)

     53,424         

Total expenses

     5,553,019        13,739  

Expense waivers (Note 3)

     (98       

Net expenses

     5,552,921        13,739  

Net investment income

     4,431,585        4,592  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

     

Net realized gain (loss) from:

     

Investment transactions2

     48,543,290        19,195  

Futures contracts

            (1,222

Foreign currency contracts

     (163,218      2,524  

Foreign currency related transactions

     464,148        (117

Net realized gain

     48,844,220        20,380  

Net increase (decrease) in unrealized appreciation/depreciation:

     

Investment transactions3

     374,003,115        1,179,228  

Investment transactions in affiliates (Note 3)

     14,246         

Translation of assets and liabilities denominated in foreign currencies

     21,985        (5,596

Net increase in unrealized appreciation/depreciation

     374,039,346        1,173,632  

Net realized and unrealized gain on investments

     422,883,566        1,194,012  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 427,315,151      $ 1,198,604  

1 Net of foreign withholding tax of:

   $ 2,788,408      $ 4,783  

2 Net of foreign capital gains tax withheld of:

          $ 1,032  

3 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 13,615,524      $ 158,615  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     WisdomTree China ex-State-Owned
Enterprises Fund
    WisdomTree Emerging Markets ex-State-
Owned Enterprises Fund
    WisdomTree Emerging Markets High
Dividend Fund
 
     For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 1,829,366     $ 1,530,597     $ 26,686,732     $ 11,366,555     $ 76,740,500     $ 107,725,386  

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

    16,741,964       (5,206,484     10,543,210       (18,901,039     (297,152,828     (30,302,080

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

    111,338,289       (4,773,317     824,760,014       (139,070,689     821,792,478       (580,466,828

Net increase from payment by affiliate

                3,285                    

Net increase (decrease) in net assets resulting from operations

    129,909,619       (8,449,204     861,993,241       (146,605,173     601,380,150       (503,043,522

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (2,251,505     (1,482,750     (27,862,429     (10,713,413     (80,570,083     (107,852,051

Tax return of capital

    (39,686                              

Total distributions to shareholders

    (2,291,191     (1,482,750     (27,862,429     (10,713,413     (80,570,083     (107,852,051

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    628,390,433       74,050,585       3,227,187,036       662,126,044       78,417,646       184,251,964  

Cost of shares redeemed

    (29,667,552     (19,466,325     (151,373,568           (321,460,657     (107,427,407

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

    598,722,881       54,584,260       3,075,813,468       662,126,044       (243,043,011     76,824,557  

Net Increase (Decrease) in Net Assets

    726,341,309       44,652,306       3,909,944,280       504,807,458       277,767,056       (534,071,016

NET ASSETS:

 

Beginning of year

  $ 188,351,013     $ 143,698,707     $ 809,991,438     $ 305,183,980     $ 1,638,934,764     $ 2,173,005,780  

End of year

  $ 914,692,322     $ 188,351,013     $ 4,719,935,718     $ 809,991,438     $ 1,916,701,820     $ 1,638,934,764  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    4,900,000 1      3,700,000 1      33,200,000       10,600,000       50,500,000       49,700,000  

Shares created

    9,800,000 1      1,750,000 1      88,200,000       22,600,000       1,900,000       4,100,000  

Shares redeemed

    (500,000 )1      (550,000 )1      (4,300,000           (9,100,000     (3,300,000

Shares outstanding, end of year

    14,200,000 1      4,900,000 1      117,100,000       33,200,000       43,300,000       50,500,000  
1 

Shares were adjusted to reflect a 2:1 stock split effective October 16, 2020.

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree Emerging Markets
Multifactor Fund
    WisdomTree Emerging Markets
Quality Dividend Growth Fund
    WisdomTree Emerging Markets SmallCap
Dividend Fund
 
     For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 203,033     $ 631,407     $ 2,066,541     $ 1,900,099     $ 57,625,627     $ 64,648,688  

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

    1,196,370       (1,433,435     (239,534     2,068,012       (97,887,181     (32,275,942

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

    1,986,595       (1,941,032     35,187,300       (20,695,000     757,381,087       (494,432,179

Net increase (decrease) in net assets resulting from operations

    3,385,998       (2,743,060     37,014,307       (16,726,889     717,119,533       (462,059,433

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (161,416     (622,000     (2,069,274     (1,769,180     (65,877,942     (64,397,006

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

          7,133,496       14,122,476       24,084,102       159,200,522       434,522,096  

Cost of shares redeemed

    (5,164,535     (15,552,502     (24,573,035     (4,840,952     (92,079,674     (116,184,314

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

    (5,164,535     (8,419,006     (10,450,559     19,243,150       67,120,848       318,337,782  

Net Increase (Decrease) in Net Assets

    (1,939,953     (11,784,066     24,494,474       747,081       718,362,439       (208,118,657

NET ASSETS:

 

Beginning of year

  $ 7,101,552     $ 18,885,618     $ 69,936,064     $ 69,188,983     $ 1,216,850,118     $ 1,424,968,775  

End of year

  $ 5,161,599     $ 7,101,552     $ 94,430,538     $ 69,936,064     $ 1,935,212,557     $ 1,216,850,118  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    400,000       800,004       3,600,000       2,800,000       36,900,000       30,300,000  

Shares created

          300,000       500,000       1,000,000       3,400,000       9,400,000  

Shares redeemed

    (200,000     (700,004     (900,000     (200,000     (2,200,000     (2,800,000

Shares outstanding, end of year

    200,000       400,000       3,200,000       3,600,000       38,100,000       36,900,000  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree Global ex-U.S. Quality
Dividend Growth Fund
    WisdomTree Global ex-U.S. Real
Estate Fund
    WisdomTree Global High
Dividend Fund
 
     For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 5,309,362     $ 2,309,847     $ 2,685,588     $ 3,960,563     $ 2,822,640     $ 3,481,208  

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

    718,159       5,162,482       (13,108,094     (2,233,118     (7,471,861     84,523  

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

    68,162,420       (14,115,415     26,560,759       (30,186,279     28,567,524       (23,124,533

Net increase (decrease) in net assets resulting from operations

    74,189,941       (6,643,086     16,138,253       (28,458,834     23,918,303       (19,558,802

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (5,009,804     (2,044,152     (2,194,990     (8,280,378     (2,796,745     (3,450,818

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    210,638,439       55,725,705             7,799,877       11,563,727       2,313,061  

Cost of shares redeemed

    (20,349,003     (23,657,765     (30,935,826     (4,503,382     (33,996,396     (4,578,918

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

    190,289,436       32,067,940       (30,935,826     3,296,495       (22,432,669     (2,265,857

Net Increase (Decrease) in Net Assets

    259,469,573       23,380,702       (16,992,563     (33,442,717     (1,311,111     (25,275,477

NET ASSETS:

 

Beginning of year

  $ 95,660,682     $ 72,279,980     $ 80,703,197     $ 114,145,914     $ 66,951,852     $ 92,227,329  

End of year

  $ 355,130,255     $ 95,660,682     $ 63,710,634     $ 80,703,197     $ 65,640,741     $ 66,951,852  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    3,600,000 ^      2,600,000 ^      3,650,000       3,550,000       1,950,000       2,000,000  

Shares created

    6,200,000 ^      1,800,000 ^            250,000       300,000       50,000  

Shares redeemed

    (600,000 )^      (800,000 )^      (1,250,000     (150,000     (850,000     (100,000

Shares outstanding, end of year

    9,200,000 ^      3,600,000 ^      2,400,000       3,650,000       1,400,000       1,950,000  

^ Updated to reflect the effect of a 2-for-1 stock split on June 10, 2021 (see Note 9).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

    

WisdomTree

Growth Leaders Fund

    WisdomTree India Earnings Fund
(consolidated)
    WisdomTree India ex-State-Owned
Enterprises Fund
 
     For the
Year Ended
March 31, 2021
    For the Period
May 22, 2019*
through
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the Period
April 4, 2019*
through
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 5,261     $ 4,778     $ 4,431,585     $ 13,950,573     $ 4,592     $ 14,534  

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

    1,160,601       36,920       48,844,220       10,453,313       20,380       (131,193

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

    1,100,813       (153,451     374,039,346       (409,753,248     1,173,632       (354,963

Net increase (decrease) in net assets resulting from operations

    2,266,675       (111,753     427,315,151       (385,349,362     1,198,604       (471,622

DISTRIBUTIONS TO SHAREHOLDERS:

 

   

Distributable earnings

    (11,858     (4,030     (6,924,754     (8,945,464     (4,497      

CAPITAL SHARE TRANSACTIONS:

 

   

Net proceeds from sale of shares

    13,488,300       3,164,925             162,287,596       2,473,495       2,523,084  

Cost of shares redeemed

    (3,083,581     (1,298,356     (195,882,462     (528,099,367           (1,169,700

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

    10,404,719       1,866,569       (195,882,462     (365,811,771     2,473,495       1,353,384  

Net Increase (Decrease) in Net Assets

    12,659,536       1,750,786       224,507,935       (760,106,597     3,667,602       881,762  

NET ASSETS:

 

   

Beginning of period

  $ 1,750,886     $ 100     $ 563,317,347     $ 1,323,423,944     $ 881,862     $ 100  

End of period

  $ 14,410,422     $ 1,750,886     $ 787,825,282     $ 563,317,347     $ 4,549,464     $ 881,862  

SHARES CREATED AND REDEEMED:

 

   

Shares outstanding, beginning of period

    75,004       4       34,800,000       50,400,000       50,000       4  

Shares created

    325,000       125,000             6,800,000       100,000       100,000  

Shares redeemed

    (75,000     (50,000     (9,600,000     (22,400,000           (50,004

Shares outstanding, end of period

    325,004       75,004       25,200,000       34,800,000       150,000       50,000  
*

Commencement of operations.

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Financial Highlights

WisdomTree Trust

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

 

 

WisdomTree China ex-State-Owned
Enterprises Fund
   For the
Year Ended
March 31, 20211
     For the
Year Ended
March 31, 20201
     For the
Year Ended
March 31, 20191
     For the
Year Ended
March 31, 20181
    For the
Year Ended
March 31, 20171
 

Net asset value, beginning of year

   $ 38.44      $ 38.84      $ 43.62      $ 28.59     $ 23.38  

Investment operations:

             

Net investment income2

     0.23        0.39        0.49        0.06       0.32  

Net realized and unrealized gain (loss)

     26.10        (0.39      (4.82      15.28       5.23  

Total from investment operations

     26.33        0.003        (4.33      15.34       5.55  

Dividends and distributions to shareholders:

             

Net investment income

     (0.35      (0.40      (0.45      (0.31     (0.34

Tax return of capital

     (0.01             (0.00 )3              

Total dividends and distributions to shareholders

     (0.36      (0.40      (0.45      (0.31     (0.34

Net asset value, end of year

   $ 64.41      $ 38.44      $ 38.84      $ 43.62     $ 28.59  

TOTAL RETURN4

     68.71      0.07      (9.91 )%       53.95     23.94

RATIOS/SUPPLEMENTAL DATA:

             

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

   $ 914,692      $ 188,351      $ 143,699      $ 215,928     $ 8,576  

Ratios to average net assets of:

             

Expenses, net of expense waivers

     0.32 %5       0.32 %6       0.32 %6       0.33 %6,7      0.53 %7 

Expenses, prior to expense waivers

     0.38      0.63      0.63      0.63     0.63

Net investment income

     0.37      1.03      1.31      0.14     1.29

Portfolio turnover rate8

     20      22      35      20     37

 

           
WisdomTree Emerging Markets
ex-State-Owned Enterprises Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 24.40      $ 28.79      $ 31.99     $ 24.72      $ 21.48  

Investment operations:

             

Net investment income2

     0.41        0.62        0.42       0.28        0.30  

Net realized and unrealized gain (loss)

     15.91        (4.38      (3.20     7.20        3.25  

Net increase from payment by affiliate

     0.00 3              0.00 3              

Total from investment operations

     16.32        (3.76      (2.78     7.48        3.55  

Dividends to shareholders:

             

Net investment income

     (0.41      (0.63      (0.42     (0.21      (0.31

Net asset value, end of year

   $ 40.31      $ 24.40      $ 28.79     $ 31.99      $ 24.72  

TOTAL RETURN4

     67.18 %9       (13.36 )%       (8.64 )%9      30.30      16.68

RATIOS/SUPPLEMENTAL DATA:

             

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

   $ 4,719,936      $ 809,991      $ 305,184     $ 92,776      $ 2,472  

Ratios to average net assets of:

             

Expenses, net of expense waivers

     0.32 %5       0.32 %6       0.32 %6      0.33 %6       0.58

Expenses, prior to expense waivers

     0.37      0.58      0.58     0.58      0.58

Net investment income

     1.11      2.14      1.51     0.92      1.33

Portfolio turnover rate8

     34      19      24     68      15
1 

Shares were adjusted to reflect a 2:1 stock split effective October 16, 2020.

 

2 

Based on average shares outstanding.

 

3 

Amount represents less than $0.005.

 

4 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

5 

The investment advisor had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.32%.

 

6 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

7 

Effective July 1, 2015, the investment advisor contractually agreed to limit the advisory fee to 0.53% through July 31, 2017, unless earlier terminated by the Board of Trustees of the Trust.

 

8 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

9 

Includes a reimbursement from the sub-advisor for an operational error that resulted in investment transaction losses. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Emerging Markets High
Dividend Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 32.45      $ 43.72      $ 47.35      $ 40.69     $ 35.05  

Investment operations:

             

Net investment income1

     1.76        2.10        1.84        1.67       1.42  

Net realized and unrealized gain (loss)

     11.93        (11.25      (3.57      6.65       5.58  

Total from investment operations

     13.69        (9.15      (1.73      8.32       7.00  

Dividends to shareholders:

             

Net investment income

     (1.87      (2.12      (1.90      (1.66     (1.36

Net asset value, end of year

   $ 44.27      $ 32.45      $ 43.72      $ 47.35     $ 40.69  

TOTAL RETURN2

     43.37      (22.06 )%       (3.51 )%       20.98     20.44

RATIOS/SUPPLEMENTAL DATA:

             

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

   $ 1,916,702      $ 1,638,935      $ 2,173,006      $ 2,282,176     $ 1,721,381  

Ratios to average net assets3 of:

             

Expenses4

     0.63      0.63      0.63      0.63     0.63

Net investment income

     4.58      4.91      4.23      3.81     3.81

Portfolio turnover rate5

     62      41      44      41     41

 

           
WisdomTree Emerging Markets
Multifactor Fund
                   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
     For the Period
August 10, 2018*
through
March 31, 2019
 

Net asset value, beginning of period

                     $ 17.75     $ 23.61      $ 24.68  

Investment operations:

 

Net investment income1

           0.56       0.73        0.29  

Net realized and unrealized gain (loss)

                       7.90       (5.91      (1.16

Total from investment operations

                       8.46       (5.18      (0.87

Dividends to shareholders:

 

Net investment income

                       (0.40     (0.68      (0.20

Net asset value, end of period

                     $ 25.81     $ 17.75      $ 23.61  

TOTAL RETURN2

                       48.12     (22.44 )%       (3.52 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

         $ 5,162     $ 7,102      $ 18,886  

Ratios to average net assets of:

 

Expenses

           0.48 %3,4      0.48      0.48 %4,6 

Net investment income

                       2.51 %3      3.24      1.97 %6 

Portfolio turnover rate5

                       125     166      133
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

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

 

6 

Annualized.

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Emerging Markets
Quality Dividend Growth Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 19.43      $ 24.71      $ 26.94      $ 23.03      $ 21.11  

Investment operations:

              

Net investment income1

     0.61        0.66        0.71        0.56        0.63  

Net realized and unrealized gain (loss)

     10.08        (5.32      (2.30      3.87        1.96  

Total from investment operations

     10.69        (4.66      (1.59      4.43        2.59  

Dividends to shareholders:

              

Net investment income

     (0.61      (0.62      (0.64      (0.52      (0.67

Net asset value, end of year

   $ 29.51      $ 19.43      $ 24.71      $ 26.94      $ 23.03  

TOTAL RETURN2

     55.66      (19.30 )%       (5.79 )%       19.44      12.45

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 94,431      $ 69,936      $ 69,189      $ 75,442      $ 48,366  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.32 %3       0.32 %4       0.32 %4       0.39 %4       0.63

Expenses, prior to expense waivers

     0.42      0.63      0.63      0.63      0.63

Net investment income

     2.38      2.74      2.93      2.17      2.88

Portfolio turnover rate5

     57      55      81      62      49

 

           
WisdomTree Emerging Markets
SmallCap Dividend Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 32.98      $ 47.03      $ 53.47      $ 44.62      $ 37.90  

Investment operations:

              

Net investment income1

     1.58        1.82        1.79        1.42        1.35  

Net realized and unrealized gain (loss)

     18.04        (14.02      (6.35      8.89        6.71  

Total from investment operations

     19.62        (12.20      (4.56      10.31        8.06  

Dividends to shareholders:

              

Net investment income

     (1.81      (1.85      (1.88      (1.46      (1.34

Net asset value, end of year

   $ 50.79      $ 32.98      $ 47.03      $ 53.47      $ 44.62  

TOTAL RETURN2

     60.63      (26.95 )%       (8.40 )%       23.55      21.76

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 1,935,213      $ 1,216,850      $ 1,424,969      $ 1,743,104      $ 1,106,602  

Ratios to average net assets6 of:

              

Expenses7

     0.63      0.63      0.63      0.63      0.63

Net investment income

     3.65      4.05      3.81      2.88      3.36

Portfolio turnover rate5

     59      47      40      48      47
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The investment advisor had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.32%.

 

4 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6 

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

 

7 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Global ex-U.S. Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2021^
     For the
Year Ended
March 31, 2020^
     For the
Year Ended
March 31, 2019^
     For the
Year Ended
March 31, 2018^
    For the
Year Ended
March 31, 2017^
 

Net asset value, beginning of year

   $ 26.57      $ 27.80      $ 29.52      $ 25.02     $ 23.58  

Investment operations:

             

Net investment income1

     0.80        0.80        0.58        0.62       0.57  

Net realized and unrealized gain (loss)

     11.94        (1.31      (1.67      4.40       1.47  

Total from investment operations

     12.74        (0.51      (1.09      5.02       2.04  

Dividends to shareholders:

             

Net investment income

     (0.71      (0.72      (0.63      (0.52     (0.60

Net asset value, end of year

   $ 38.60      $ 26.57      $ 27.80      $ 29.52     $ 25.02  

TOTAL RETURN2

     48.25      (2.01 )%       (3.65 )%       20.18     8.80

RATIOS/SUPPLEMENTAL DATA:

             

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

   $ 355,130      $ 95,661      $ 72,280      $ 70,841     $ 50,031  

Ratios to average net assets3 of:

             

Expenses

     0.58      0.58 %4       0.58 %4       0.58 %4      0.58

Net investment income

     2.29      2.68      2.11      2.20     2.39

Portfolio turnover rate5

     56      56      60      67     66

 

           
WisdomTree Global ex-U.S. Real
Estate Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 22.11      $ 32.15      $ 32.04      $ 28.16     $ 27.26  

Investment operations:

             

Net investment income1

     0.89        1.13        1.12        1.11       1.06  

Net realized and unrealized gain (loss)

     4.35        (8.79      0.24        4.92       1.35  

Net increase from payment by affiliate

                                0.00 6 

Total from investment operations

     5.24        (7.66      1.36        6.03       2.41  

Dividends to shareholders:

             

Net investment income

     (0.80      (2.38      (1.25      (2.15     (1.51

Net asset value, end of year

   $ 26.55      $ 22.11      $ 32.15      $ 32.04     $ 28.16  

TOTAL RETURN2

     23.92      (25.74 )%       4.51      21.90     9.33 %7 

RATIOS/SUPPLEMENTAL DATA:

             

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

   $ 63,711      $ 80,703      $ 114,146      $ 107,329     $ 83,060  

Ratios to average net assets of:

             

Expenses

     0.58      0.58 %3       0.58 %3       0.58 %3      0.58 %3 

Net investment income

     3.59      3.75 %3       3.72 %3       3.56 %3      3.86 %3 

Portfolio turnover rate5

     39      21      17      23     19
^ 

Updated to reflect the effect of a 2-for-1 stock split on June 10, 2021 (Note 9).

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree Global ex-U.S. Quality Dividend Growth Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

6 

Amount represents less than $0.005.

 

7 

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

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Global High Dividend Fund    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 34.33      $ 46.11      $ 46.38     $ 44.75      $ 40.84  

Investment operations:

             

Net investment income1

     1.63        1.78        1.77       1.59        1.46  

Net realized and unrealized gain (loss)

     12.62        (11.79      (0.18     1.54        3.97  

Total from investment operations

     14.25        (10.01      1.59       3.13        5.43  

Dividends to shareholders:

             

Net investment income

     (1.69      (1.77      (1.86     (1.50      (1.52

Net asset value, end of year

   $ 46.89      $ 34.33      $ 46.11     $ 46.38      $ 44.75  

TOTAL RETURN2

     42.38      (22.46 )%       3.59     7.02      13.54

RATIOS/SUPPLEMENTAL DATA:

             

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

   $ 65,641      $ 66,952      $ 92,227     $ 104,358      $ 89,510  

Ratios to average net assets3 of:

             

Expenses

     0.58 %4       0.58 %4       0.58 %4      0.58 %4       0.58

Net investment income

     4.05      3.88      3.86     3.41      3.42

Portfolio turnover rate5

     48      32      19     21      21

 

     
WisdomTree Growth Leaders Fund    For the
Year Ended
March 31, 20216
     For the Period
May 22, 2019*
through
March 31, 2020
 

Net asset value, beginning of period

   $ 23.34      $ 24.80  

Investment operations:

     

Net investment income1

     0.03        0.06  

Net realized and unrealized gain (loss)

     21.02        (1.44

Total from investment operations

     21.05        (1.38

Dividends to shareholders:

     

Net investment income

     (0.05      (0.08

Net asset value, end of period

   $ 44.34      $ 23.34  

TOTAL RETURN2

     90.18      (5.61 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 14,410      $ 1,751  

Ratios to average net assets of:

 

Expenses

     0.24 %7       0.45 %8 

Net investment income

     0.08      0.27 %8 

Portfolio turnover rate5

     40      9
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Global High Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

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

 

6 

The information reflects the investment objective and strategy of the WisdomTree Modern Tech Platforms Fund through July 31, 2020 and the investment objective and strategy of the WisdomTree Growth Leaders Fund thereafter. The increase in the portfolio turnover rate was primarily a result of the aforementioned investment objective and strategy change.

 

7 

Prior to August 1, 2020, the Fund’s net expense ratio was 0.45% and, thereafter, was reduced to 0.20% per annum.

 

8 

Annualized.

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree India Earnings Fund
(consolidated)
   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 16.19     $ 26.26     $ 25.88      $ 24.07      $ 19.42  

Investment operations:

 

  

Net investment income1

     0.16       0.30       0.28        0.24        0.23  

Net realized and unrealized gain (loss)

     15.16       (10.18     0.45        1.79        4.70  

Total from investment operations

     15.32       (9.88     0.73        2.03        4.93  

Dividends and distributions to shareholders:

 

  

Net investment income

     (0.25     (0.19     (0.34      (0.22      (0.28

Tax return of capital

                 (0.01              

Total dividends and distributions to shareholders

     (0.25     (0.19     (0.35      (0.22      (0.28

Net asset value, end of year

   $ 31.26     $ 16.19     $ 26.26      $ 25.88      $ 24.07  

TOTAL RETURN2

     95.10     (37.84 )%      2.89      8.46      25.56

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 787,825     $ 563,317     $ 1,323,424      $ 1,671,567      $ 1,564,606  

Ratios to average net assets of:

 

Expenses3

     0.84 %4,5      0.84 %4,5      0.85      0.84      0.84

Net investment income

     0.67 %4      1.22 %4      1.14      0.91      1.09

Portfolio turnover rate6

     23     32     37      22      30

 

     
WisdomTree India ex-State-Owned Enterprises Fund    For the
Year Ended
March 31, 2021
     For the Period
April 4, 2019*
through
March 31, 2020
 

Net asset value, beginning of period

   $ 17.64      $ 24.67  

Investment operations:

     

Net investment income1

     0.05        0.19  

Net realized and unrealized gain (loss)

     12.69        (7.22

Total from investment operations

     12.74        (7.03

Dividends to shareholders:

     

Net investment income

     (0.05       

Net asset value, end of period

   $ 30.33      $ 17.64  

TOTAL RETURN2

     72.25      (28.50 )% 

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 4,549      $ 882  

Ratios to average net assets of:

 

Expenses

     0.58      0.58 %7 

Net investment income

     0.20      0.80 %7 

Portfolio turnover rate6

     36      82
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree India Earnings Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Includes interest expense of 0.01% for each of the fiscal years presented.

 

4 

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

 

5 

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

 

6 

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

 

7 

Annualized.

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

WisdomTree China ex-State-Owned Enterprises Fund (“China ex-State-Owned Enterprises Fund’’)

     September 19, 2012  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (“Emerging Markets ex-State-Owned Enterprises Fund’’)

     December 10, 2014  

WisdomTree Emerging Markets High Dividend Fund (“Emerging Markets High Dividend Fund’’)

     July 13, 2007  

WisdomTree Emerging Markets Multifactor Fund (“Emerging Markets Multifactor Fund’’)

     August 10, 2018  

WisdomTree Emerging Markets Quality Dividend Growth Fund (“Emerging Markets Quality Dividend Growth Fund’’)

     August 1, 2013  

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund’’)

     October 30, 2007  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (“Global ex-U.S. Quality Dividend Growth Fund’’)

     June 16, 2006  

WisdomTree Global ex-U.S. Real Estate Fund (“Global ex-U.S. Real Estate Fund’’)

     June 5, 2007  

WisdomTree Global High Dividend Fund (“Global High Dividend Fund’’)

     June 16, 2006  

WisdomTree Growth Leaders Fund (“Growth Leaders Fund’’) (formerly, WisdomTree Modern Tech Platforms Fund)

     May 22, 2019  

WisdomTree India Earnings Fund (“India Earnings Fund’’) (consolidated)

     February 22, 2008  

WisdomTree India ex-State-Owned Enterprises Fund (“India ex-State-Owned Enterprises Fund’’)

     April 4, 2019  

The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius (“Mauritius”). The Portfolio was incorporated under the provisions of the Mauritius Companies Act, 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission.

Each Fund, except for the Emerging Markets Multifactor Fund and Emerging Markets Quality Dividend Growth Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). The Emerging Markets Quality Dividend Growth Fund is actively managed using a model-based approach seeking income and capital appreciation. The Emerging Markets Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. The Growth Leaders Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Growth Leaders Index. In seeking to track the Index, the Growth Leaders Fund invests in high growth mid and large-cap companies that are generating substantial revenue from a modern platform business. Prior to August 1, 2020, the Growth Leaders Fund was known as the WisdomTree Modern Tech Platforms Fund and tracked the price and yield performance, before fees and expenses, of the WisdomTree Modern Tech Platforms Index (the “Former Index”). In seeking to track the Former Index, the WisdomTree Modern Tech Platforms Fund invested in mid and large-cap companies that are generating substantial revenue from a modern platform business. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund (including the Portfolio) and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act. The securities in each Index are weighted based on earnings or earnings yield.

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities

 

WisdomTree Trust      95  


Notes to Financial Statements (continued)

 

at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Basis of Consolidation — The financial statements for the India Earnings Fund include the accounts of a wholly-owned and controlled Mauritius subsidiary (the “Subsidiary”). The India Earnings Fund’s accompanying financial statements reflect the financial position and the results of operations on a consolidated basis with its Subsidiary. All intercompany accounts and transactions have been eliminated in the consolidation.

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

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

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Pricing Committee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

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

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

 

96   WisdomTree Trust


Notes to Financial Statements (continued)

 

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

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

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

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the fiscal year ended March 31, 2021, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts and equity futures contracts during the year ended March 31, 2021 and open positions in such derivatives as of March 31, 2021 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements may also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at March 31, 2021 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed in the table included in Note 2 — Master Netting Arrangements. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2021, if any, is reflected as a footnote within each Fund’s Schedule of Investments.

 

WisdomTree Trust      97  


Notes to Financial Statements (continued)

 

As of March 31, 2021, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

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

China ex-State-Owned Enterprises Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
   $ 4,623      Unrealized depreciation on
foreign currency contracts
   $ 651  

Emerging Markets ex-State-Owned Enterprises Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     47,944      Unrealized depreciation on
foreign currency contracts
     20,851  

Emerging Markets High Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     4,559  

Emerging Markets Multifactor Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     22,041      Unrealized depreciation on
foreign currency contracts
     25  

Emerging Markets SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     13,962      Unrealized depreciation on
foreign currency contracts
     7,108  

Global ex-U.S. Quality Dividend Growth Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     198  

Global ex-U.S. Real Estate Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     131  

For the fiscal year ended March 31, 2021, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

China ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

   $ (70,297    $ 3,972  

Emerging Markets ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

     (307,377      27,093  

Equity contracts

     (99,880       

Emerging Markets High Dividend Fund

 

Foreign exchange contracts

     406,946        (6,415

Emerging Markets Multifactor Fund

 

Foreign exchange contracts

     (87,187      41,548  

Equity contracts

     (2,150       

Emerging Markets Quality Dividend Growth Fund

 

Foreign exchange contracts

     (9,268      (688

Emerging Markets SmallCap Dividend Fund

 

Foreign exchange contracts

     (221,370      7,404  

Global ex-U.S. Quality Dividend Growth Fund

 

Foreign exchange contracts

     (50,359      (1,645

Global ex-U.S. Real Estate Fund

 

Foreign exchange contracts

     6,286        (237

Global High Dividend Fund

 

Foreign exchange contracts

     (4,685      212  

Growth Leaders Fund

 

Foreign exchange contracts

     2,225        2  

India Earnings Fund (consolidated)

 

Foreign exchange contracts

     (163,218       

 

98   WisdomTree Trust


Notes to Financial Statements (continued)

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

India ex-State-Owned Enterprises Fund

     

Foreign exchange contracts

   $ 2,524      $  

Equity contracts

     (1,222       
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts

Equity contracts

   Net realized gain (loss) from futures contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

During the fiscal year ended March 31, 2021, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

   
     Average Notional  
Fund   

Foreign currency
contracts
(to deliver

USD)

     Foreign currency
contracts
(to receive
USD)
     Futures
contracts
(long)
 

China ex-State-Owned Enterprises Fund

        

Foreign exchange contracts

   $ 4,152,539      $ 160,364      $  

Emerging Markets ex-State-Owned Enterprises Fund

        

Equity contracts1

                   1,070,367  

Foreign exchange contracts

     9,198,102        2,725,390         

Emerging Markets High Dividend Fund

        

Foreign exchange contracts

     321,236        1,390,443         

Emerging Markets Multifactor Fund

        

Equity contracts1

                   13,143  

Foreign exchange contracts

     406,490        1,684,390         

Emerging Markets Quality Dividend Growth Fund

        

Foreign exchange contracts

     15,296        400,818         

Emerging Markets SmallCap Dividend Fund

        

Foreign exchange contracts

     845,883        1,823,933         

Global ex-U.S. Quality Dividend Growth Fund

        

Foreign exchange contracts

     358,857        118,260         

Global ex-U.S. Real Estate Fund

        

Foreign exchange contracts

     52,214        18,261         

Global High Dividend Fund

        

Foreign exchange contracts

     21,629        14,337         

Growth Leaders Fund

        

Foreign exchange contracts1

     18,794        21,660         

India Earnings Fund (consolidated)

        

Foreign exchange contracts

     2,083,424        3,873,306         

India ex-State-Owned Enterprises Fund

        

Equity contracts1

                   41,809  

Foreign exchange contracts1

     199,441        9,374         
  1 

The volume of derivatives for the period is based on intra-month balances.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Interest income (including amortization of

 

WisdomTree Trust      99  


Notes to Financial Statements (continued)

 

premiums and accretion of discounts), net of any foreign taxes withheld, is accrued daily. Generally, amortization of premiums and accretion of discounts are recognized daily using the effective interest method (also known as the scientific amortization method). Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net increase (decrease) in unrealized appreciation/depreciation from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Interest expense associated with a short term loan from a U.S. bank that is incurred in connection with the execution of portfolio rebalancing trades is not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Emerging Markets Multifactor Fund, do not expect to engage in currency transactions for the purpose of hedging against currency exposures of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Funds, except for the Emerging Markets Multifactor Fund, utilized forward foreign currency contracts (‘‘Forward Contracts’’) primarily to facilitate foreign security settlements. The Emerging Markets Multifactor

 

100   WisdomTree Trust


Notes to Financial Statements (continued)

 

Fund utilized Forward Contracts primarily to offset applicable foreign currency exposure from certain positions in emerging market equities. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

Futures Contracts — The Emerging Markets ex-State-Owned Enterprises Fund and Emerging Markets Multifactor Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with their investment objectives. The India ex-State-Owned Enterprises Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with its investment objective during the Fund’s annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts, variation margin payments may be made or received when the futures contract expires. Variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

As of March 31, 2021, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some

 

WisdomTree Trust      101  


Notes to Financial Statements (continued)

 

or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), such as Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g., foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2021, the impact of netting of assets and liabilities and the offsetting of

 

102   WisdomTree Trust


Notes to Financial Statements (continued)

 

collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
    Gross Amounts
in the
Statements of
Assets and
Liabilities
    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

    Gross Amounts
in the
Statements of
Assets and
Liabilities
    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

 
Fund   Financial
Instruments
    Collateral
Received
    Financial
Instruments
    Collateral
Posted
 

China ex-State-Owned Enterprises Fund

               

Securities Lending

  $ 49,348,565     $     $ (49,348,565 )1    $     $     $     $     $  

Foreign Currency Contracts

    4,623       (651           3,972       651       (651            

Emerging Markets ex-State-Owned Enterprises Fund

               

Securities Lending

    108,446,202             (108,446,202 )1                               

Foreign Currency Contracts

    47,944       (19,578           28,366       20,851       (19,578           1,273  

Emerging Markets High Dividend Fund

               

Securities Lending

    108,280,399             (108,280,399 )1                               

Foreign Currency Contracts

                            4,559                   4,559  

Emerging Markets Multifactor Fund

               

Securities Lending

    32,692             (32,692 )1                               

Foreign Currency Contracts

    22,041                   22,041       25                   25  

Emerging Markets Quality Dividend Growth Fund

               

Securities Lending

    3,095,951             (3,095,951 )1                               

Emerging Markets SmallCap Dividend Fund

               

Securities Lending

    267,000,607             (267,000,607 )1                               

Foreign Currency Contracts

    13,962                   13,962       7,108                   7,108  

Global ex-U.S. Quality Dividend Growth Fund

               

Securities Lending

    9,273,853             (9,273,853 )1                               

Foreign Currency Contracts

                            198                   198  

Global ex-U.S. Real Estate Fund

               

Securities Lending

    6,836,169             (6,836,169 )1                               

Foreign Currency Contracts

                            131                   131  

Global High Dividend Fund

               

Securities Lending

    3,521,717             (3,521,717 )1                               

Growth Leaders Fund

               

Securities Lending

    758,705             (758,705 )1                               
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Restricted Securities — Each Fund may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.

Emerging Market Investments — Investments in securities listed and traded in emerging markets are subject to additional risks that may not be present for U.S. investments or investments in more developed non-U.S. markets. Such risks may include: (i) greater market volatility; (ii) lower trading volume; (iii) greater social, political and economic uncertainty; (iv) governmental controls on foreign investments and limitations on repatriation of invested capital; (v) the risk that companies may be held to lower disclosure, corporate governance, auditing and financial reporting standards than companies in more developed markets; and (vi) the risk that there may be less protection of property rights than in other countries. Emerging markets are generally less liquid and less efficient than developed securities markets.

 

WisdomTree Trust      103  


Notes to Financial Statements (continued)

 

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital. The India Earnings Fund has filed an election to treat the Portfolio as a ‘‘pass-through’’ entity for tax purposes.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Additionally, the Portfolio is also advised by WTAM and is sub-advised by Mellon. Mellon is compensated by WTAM at no additional cost to the Funds or the Portfolio. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets and, with respect to the India Earnings Fund, based on the average daily net assets of India Earnings Fund and the Portfolio on a consolidated basis, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

China ex-State-Owned Enterprises Fund

     0.32 %1 

Emerging Markets ex-State-Owned Enterprises Fund

     0.32 %2 

Emerging Markets High Dividend Fund

     0.63

Emerging Markets Multifactor Fund

     0.48

Emerging Markets Quality Dividend Growth Fund

     0.32 %1 

Emerging Markets SmallCap Dividend Fund

     0.63

Global ex-U.S. Quality Dividend Growth Fund

     0.58

Global ex-U.S. Real Estate Fund

     0.58

Global High Dividend Fund

     0.58

Growth Leaders Fund

     0.20 %3 

India Earnings Fund (consolidated)

     0.83

India ex-State-Owned Enterprises Fund

     0.58
  1 

Prior to the close of business July 31, 2020, WTAM received an annual advisory fee of 0.63% (before fee waivers) based on the Fund’s average daily net assets and had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020 (the advisory fee waiver expiration date). Effective the close of business July 31, 2020, the contractual advisory fee waiver expired and the advisory fee annual rate (before fee waivers) was permanently reduced to 0.32%.

 

  2 

Prior to the close of business July 31, 2020, WTAM received an annual advisory fee of 0.58% (before fee waivers) based on the Fund’s average daily net assets and had contractually agreed to limit the advisory fee to 0.32% through July 31, 2020 (the advisory fee waiver expiration date). Effective the close of business July 31, 2020, the contractual advisory fee waiver expired and the advisory fee annual rate (before fee waivers) was permanently reduced to 0.32%.

 

  3 

Prior to August 1, 2020, WTAM received an annual advisory fee of 0.45% based on the Fund’s average daily net assets.

 

104   WisdomTree Trust


Notes to Financial Statements (continued)

 

During the year ended March 31, 2021, the Emerging Markets ex-State-Owned Enterprises Fund received a reimbursement of $3,285 from Mellon resulting from an operational error that resulted in investment transaction losses. The dollar amount of the reimbursement is shown in the Statements of Operations in “Net increase from payment by affiliate”.

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the year ended March 31, 2021, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFE (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.

WTAM and/or WisdomTree Investments (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2021, WT held shares of and received distributions from the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

 

       
Fund    Fund Shares
held by WT
     Market Value of
Fund Shares
held by WT
     Dividends and
Distributions
paid to WT on
Fund Shares
held by WT
 

Emerging Markets ex-State-Owned Enterprises Fund

     821      $ 33,406      $ 336  

Emerging Markets High Dividend Fund

     167        7,408        284  

Emerging Markets Quality Dividend Growth Fund

     269        7,997        82  

Emerging Markets SmallCap Dividend Fund

     376        19,285        636  

Global ex-U.S. Quality Dividend Growth Fund

     176      6,831        71  

Growth Leaders Fund

     45        2,002        2  
  ^

Updated to reflect the effect of a 2-for-1 stock split on June 10, 2021 (Note 9).

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2021, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. The India Earnings Fund and India ex-State-Owned Enterprises Fund issue and redeem shares on a cash basis only as certain securities markets in which these Funds invest do not permit in-kind transfers of securities. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2021 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

China ex-State-Owned Enterprises Fund

   $ 583,356,836      $ 98,259,195      $ 144,609,023      $ 29,823,148  

Emerging Markets ex-State-Owned Enterprises Fund

     3,146,315,620        819,096,242        888,661,956        151,312,405  

Emerging Markets High Dividend Fund

     1,017,512,768        1,107,143,835        20,776,544        178,248,355  

Emerging Markets Multifactor Fund

     9,566,077        12,251,055               2,543,985  

Emerging Markets Quality Dividend Growth Fund

     48,153,972        49,726,891        1,831,983        10,850,761  

Emerging Markets SmallCap Dividend Fund

     977,419,627        918,209,273        29,561,104        32,279,566  

Global ex-U.S. Quality Dividend Growth Fund

     182,235,209        128,525,744        156,202,584        20,367,481  

Global ex-U.S. Real Estate Fund

     30,378,469        28,434,629               32,171,537  

Global High Dividend Fund

     32,948,583        33,891,685        10,708,780        31,938,443  

Growth Leaders Fund

     2,771,319        2,738,504        13,464,903        3,103,574  

India Earnings Fund (consolidated)

     153,517,407        350,473,313                

India ex-State-Owned Enterprises Fund

     3,320,830        881,768                

 

WisdomTree Trust      105  


Notes to Financial Statements (continued)

 

6. FEDERAL INCOME TAXES

At March 31, 2021, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

         
    Investments in Long Securities          

Investments in Financial Derivatives1

       
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
   

Net Unrealized
Appreciation/

(Depreciation)

    Total Net
Unrealized
Appreciation
 

China ex-State-Owned Enterprises Fund

  $ 832,767,806     $ 120,208,328     $ (16,229,870   $ 103,978,458             $ 4,623     $ (651   $ 3,972     $ 103,982,430  

Emerging Markets ex-State-Owned Enterprises Fund

    4,060,624,225       731,464,262       (51,496,600     679,967,662               47,944       (15,823     32,121       679,999,783  

Emerging Markets High Dividend Fund

    1,577,238,336       384,603,248       (42,603,559     341,999,689                     (4,559     (4,559     341,995,130  

Emerging Markets Multifactor Fund

    4,385,152       837,483       (96,310     741,173                     (3     (3     741,170  

Emerging Markets Quality Dividend Growth Fund

    72,262,855       25,345,997       (2,005,823     23,340,174                                 23,340,174  

Emerging Markets SmallCap Dividend Fund

    1,607,946,590       420,096,636       (71,348,300     348,748,336               13,962       (6,836     7,126       348,755,462  

Global ex-U.S. Quality Dividend Growth Fund

    299,175,082       63,691,778       (4,495,100     59,196,678                     (189     (189     59,196,489  

Global ex-U.S. Real Estate Fund

    65,409,305       5,031,672       (1,472,531     3,559,141                                 3,559,141  

Global High Dividend Fund

    58,226,146       11,004,620       (1,959,356     9,045,264                                 9,045,264  

Growth Leaders Fund

    13,721,805       1,177,182       (236,175     941,007                                 941,007  

India Earnings Fund (consolidated)

    455,796,770       359,519,796       (15,766,540     343,753,256                                 343,753,256  

India ex-State Owned Enterprises Fund

    3,735,910       956,074       (13,622     942,452                                 942,452  
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

At March 31, 2021, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

           
Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation
     Currency and
Other Unrealized
Appreciation/
(Depreciation)
     Total Distributable
Earnings (Loss)
 

China ex-State-Owned Enterprises Fund

   $      $ (27,135,698    $ 103,982,430      $ (9,025    $ 76,837,707  

Emerging Markets ex-State-Owned Enterprises Fund

     12,688,325        (62,256,065      679,999,783        (12,233,592      618,198,451  

Emerging Markets High Dividend Fund

     1,796,049        (1,616,973,744      341,995,130        (3,124,141      (1,276,306,706

Emerging Markets Multifactor Fund

     8,484        (1,420,188      741,170        (7,548      (678,082

Emerging Markets Quality Dividend Growth Fund

     109,388        (19,776,267      23,340,174        (464,030      3,209,265  

Emerging Markets SmallCap Dividend Fund

     5,669,520        (527,772,923      348,755,462        (6,128,756      (179,476,697

Global ex-U.S. Quality Dividend Growth Fund

     749,086        (22,397,837      59,196,489        (1,019,080      36,528,658  

Global ex-U.S. Real Estate Fund

     969,659        (33,513,430      3,559,141        (530      (28,985,160

Global High Dividend Fund

     147,345        (19,637,445      9,045,264        (7,428      (10,452,264

Growth Leaders Fund

     2,826        (91,401      941,007        33        852,465  

India Earnings Fund (consolidated)

     1,454,635        (130,317,303      343,753,256        (13,618,709      201,271,879  

India ex-State-Owned Enterprises Fund

     1,470        (56,615      942,452        (164,226      723,081  

 

106   WisdomTree Trust


Notes to Financial Statements (continued)

 

The tax character of distributions paid during the fiscal years or periods ended March 31, 2021 and March 31, 2020, was as follows:

 

     
     Year Ended March 31, 2021      Year Ended March 31, 2020  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
 

China ex-State-Owned Enterprises Fund

   $ 2,251,505      $ 39,686      $ 1,482,750  

Emerging Markets ex-State-Owned Enterprises Fund

     27,862,429               10,713,413  

Emerging Markets High Dividend Fund

     80,570,083               107,852,051  

Emerging Markets Multifactor Fund

     161,416               622,000  

Emerging Markets Quality Dividend Growth Fund

     2,069,274               1,769,180  

Emerging Markets SmallCap Dividend Fund

     65,877,942               64,397,006  

Global ex-U.S. Quality Dividend Growth Fund

     5,009,804               2,044,152  

Global ex-U.S. Real Estate Fund

     2,194,990               8,280,378  

Global High Dividend Fund

     2,796,745               3,450,818  

Growth Leaders Fund

     11,858               4,030 1 

India Earnings Fund (consolidated)

     6,924,754               8,945,464  

India ex-State-Owned Enterprises Fund

     4,497               2 
  *

Includes short-term capital gains, if any.

 

  1 

For the period May 22, 2019 (commencement of operations) through March 31, 2020.

 

  2 

For the period April 4, 2019 (commencement of operations) through March 31, 2020.

At March 31, 2021, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term      Long-Term      Capital Loss
Available Total
 

China ex-State-Owned Enterprises Fund

   $ 17,987,032      $ 9,039,849      $ 27,026,881  

Emerging Markets ex-State-Owned Enterprises Fund

     43,959,082        18,296,983        62,256,065  

Emerging Markets High Dividend Fund

     491,279,589        1,125,694,155        1,616,973,744  

Emerging Markets Multifactor Fund

     1,420,188               1,420,188  

Emerging Markets Quality Dividend Growth Fund

     9,376,314        10,399,953        19,776,267  

Emerging Markets SmallCap Dividend Fund

     284,317,173        243,455,750        527,772,923  

Global ex-U.S. Quality Dividend Growth Fund

     16,725,302        5,672,535        22,397,837  

Global ex-U.S. Real Estate Fund

     5,300,025        28,213,405        33,513,430  

Global High Dividend Fund

     5,421,313        14,216,132        19,637,445  

Growth Leaders Fund

     77,309        14,092        91,401  

India Earnings Fund (consolidated)

     130,317,303               130,317,303  

India ex-State-Owned Enterprises Fund

     41,543        15,072        56,615  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. At March 31, 2021, the Funds did not have any post-October capital losses to defer.

 

WisdomTree Trust      107  


Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2021, the following Funds incurred and will elect to defer late year ordinary losses as follows:

 

   
Fund   

Late Year

Ordinary Loss

 

China ex-State-Owned Enterprises Fund

   $ 108,817  

Emerging Markets ex-State-Owned Enterprises Fund

      

Emerging Markets High Dividend Fund

      

Emerging Markets Multifactor Fund

      

Emerging Markets Quality Dividend Growth Fund

      

Emerging Markets SmallCap Dividend Fund

      

Global ex-U.S. Quality Dividend Growth Fund

      

Global ex-U.S. Real Estate Fund

      

Global High Dividend Fund

      

Growth Leaders Fund

      

India Earnings Fund (consolidated)

      

India ex-State-Owned Enterprises Fund

      

During the fiscal year ended March 31, 2021, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

   
Fund   

Utilized

Capital Loss
Carryforward

 

China ex-State-Owned Enterprises Fund

   $ 1,672,144  

Emerging Markets ex-State-Owned Enterprises Fund

      

Emerging Markets High Dividend Fund

      

Emerging Markets Multifactor Fund

     678,181  

Emerging Markets Quality Dividend Growth Fund

      

Emerging Markets SmallCap Dividend Fund

      

Global ex-U.S. Quality Dividend Growth Fund

      

Global ex-U.S. Real Estate Fund

      

Global High Dividend Fund

      

Growth Leaders Fund

      

India Earnings Fund (consolidated)

     36,351,210  

India ex-State-Owned Enterprises Fund

     54,563  

At March 31, 2021, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.

 

     
Fund    Total
Distributable
Earnings (Loss)
     Paid-in Capital  

China ex-State-Owned Enterprises Fund

   $ (16,888,253    $ 16,888,253  

Emerging Markets ex-State-Owned Enterprises Fund

     (55,422,695      55,422,695  

Emerging Markets High Dividend Fund

     6,585,614        (6,585,614

Emerging Markets Multifactor Fund

     (557,101      557,101  

Emerging Markets Quality Dividend Growth Fund

     (3,021,817      3,021,817  

Emerging Markets SmallCap Dividend Fund

     (3,161,770      3,161,770  

Global ex-U.S. Quality Dividend Growth Fund

     (8,217,570      8,217,570  

Global ex-U.S. Real Estate Fund

     (1,803,481      1,803,481  

Global High Dividend Fund

     (2,838,449      2,838,449  

Growth Leaders Fund

     (1,212,184      1,212,184  

India Earnings Fund (consolidated)

             

India ex-State-Owned Enterprises Fund

             

 

108   WisdomTree Trust


Notes to Financial Statements (continued)

 

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign withholding taxes, as applicable, are accrued based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Foreign withholding taxes are accrued and applied to foreign income, net realized capital gains and net unrealized appreciation, as applicable, as the foreign income is earned or capital gains and unrealized appreciation are recorded. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Dividend Income,” the foreign capital gains tax applicable on the disposal of securities is included in the Statements of Operations in “Net realized gain (loss) from investment transactions” and the dollar amount of deferred foreign capital gains tax applicable on the unrealized appreciation on securities held is included in the Statements of Operations in “Net increase (decrease) in unrealized appreciation/depreciation from investment transactions”. The Funds record a foreign tax reclaim receivable on the ex-dividend date if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims that have been recorded but not yet received are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”. As of and during the fiscal year ended March 31, 2021, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2021, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions.

7. MAURITIUS AND INDIA TAXATION

The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities as well as other tax residency related documentation prescribed by the Indian Revenue authorities and should be regarded as the beneficial owner of the investments made in Indian securities, which should entitle it to claim the benefits of the double taxation avoidance agreement entered between the Government of India and Mauritius (“tax treaty”).

The taxable profits derived from the Portfolio are subject to income tax at the rate of 15% in the Republic of Mauritius (“Mauritius”) and eligible for a presumed foreign tax credit of 80% of the Mauritian tax on the respective foreign income which effectively limits the maximum income tax payable to an effective rate of 3%. The Mauritius income tax is paid by WTAM (out of its fee paid by the India Earnings Fund), accordingly, no provision for Mauritius income taxes is required.

Under the tax treaty, as amended, Mauritius entities (such as the Portfolio) are subject to tax on capital gains arising on the disposal of shares of an Indian company. However, investments in shares acquired up to March 31, 2017 are grandfathered, thus exempted from capital gains tax in India irrespective of the date of disposal (subject to the entity being eligible for the tax treaty benefits). The Indian tax rates applicable on disposal of securities would depend on the nature of securities, the holding period and the manner of disposal.

Changes in India tax law could reduce the return to each Fund with investments in India and the return received by each Fund’s shareholders.

Reference to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.

8. DEMAND NOTE

During the fiscal year ended March 31, 2021, the India Earnings Fund had a demand note agreement with Bank of America, N.A. which allowed the Fund to borrow up to $175,000,000 and had a final maturity date of September 29, 2020. During the fiscal year ended March 31, 2021, the Fund utilized the demand note and borrowed for a period of 6 days with an average outstanding loan balance of $151,000,000 and a weighted average interest rate of 2.15% per annum. Interest expense related to the loan for the fiscal year ended March 31, 2021 was $53,424. At March 31, 2021, the Fund did not have any amounts outstanding under the demand note agreement.

9. SUBSEQUENT EVENT

On May 25, 2021, at the recommendation of WTAM, the investment adviser of the Global ex-U.S. Quality Dividend Growth Fund, the Board of Trustees considered, and approved, a 2-for-1 stock split of the Global ex-U.S. Quality Dividend Growth Fund’s outstanding shares. The total outstanding shares of the Global ex-U.S. Quality Dividend Growth Fund split on a 2-for-1 basis on June 10, 2021. The impact of the stock split increased the number of shares outstanding by a factor of two, while decreasing the NAV per share and market price per share by a factor of two, resulting in no effect on the Global ex-U.S. Quality Dividend Growth Fund’s net assets or on the total value of a shareholder’s investment. The shares outstanding, NAV per share and other per share information have been updated in the accompanying financial statements and financial highlights to reflect the effect of the stock split.

 

WisdomTree Trust      109  


Notes to Financial Statements (concluded)

 

10. ADDITIONAL INFORMATION

The Board of Trustees authorized a two-for-one stock split for the China ex-State-Owned Enterprises Fund, effective after the close of trading on October 16, 2020, for the shareholders of record on October 14, 2020. The impact of the stock split was to increase the number of shares outstanding by a factor of two, while decreasing the NAV per share by a factor of two, resulting in no effect on the net assets of the Fund. The financial statements for the Fund have been adjusted to reflect the stock split.

*    *    *    *    *

The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally for over a year, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took aggressive measures, including businesses canceling dividends to preserve cash, governments closing borders, restricting international and domestic travel, and the imposition of prolonged quarantines of large populations. COVID-19 has resulted in the disruption of and delays in the delivery of healthcare services and processes, the cancellation of organized events and educational institutions, the disruption of production and supply chains, a decline in consumer demand for certain goods and services, and general concern and uncertainty, all of which have contributed to increased volatility in global markets. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends, including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.

The effects of COVID-19 have affected and are likely to continue to affect certain sectors and industries more dramatically than others, and the effects borne by some will negatively affect the value of the issuers in those sectors and industries, which may adversely affect the value of a Fund’s investments in those sectors or industries. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.

COVID-19, and other epidemics and pandemics that may arise in the future, could adversely affect the economies of many nations, the global economy, individual companies and capital markets in ways that cannot be foreseen at the present time. In addition, the impact of infectious diseases in developing or emerging market countries may be greater due to limited health care resources, including access to COVID-19 vaccinations and treatments. Political, economic and social stresses caused by COVID-19 also may exacerbate other pre-existing political, social and economic risks in certain countries. The duration of COVID-19 and its effects cannot be determined fully at this time, but the effects could be present for an extended period of time. It is impossible to predict the effects on the Funds of these or similar events and market conditions in the future. However, it is possible that these or similar events and market conditions could have a significant and adverse effect on the NAV and/or risk profile of a Fund.

 

110   WisdomTree Trust


Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree China ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets High Dividend Fund, WisdomTree Emerging Markets Multifactor Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree Global High Dividend Fund, WisdomTree Growth Leaders Fund (formerly, WisdomTree Modern Tech Platforms Fund), WisdomTree India Earnings Fund and WisdomTree India ex-State-Owned Enterprises Fund and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities (consolidated as it relates to WisdomTree India Earnings Fund) of WisdomTree China ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets High Dividend Fund, WisdomTree Emerging Markets Multifactor Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree Global High Dividend Fund, WisdomTree Growth Leaders Fund (formerly, WisdomTree Modern Tech Platforms Fund), WisdomTree India Earnings Fund and WisdomTree India ex-State-Owned Enterprises Fund, (twelve of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments (consolidated as it relates to WisdomTree India Earnings Fund), as of March 31, 2021, and the related statements of operations and changes in net assets (consolidated as it relates to WisdomTree India Earnings Fund), and the financial highlights (consolidated as it relates to WisdomTree India Earnings Fund) for each of the periods indicated in the table below, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position (consolidated as it relates to WisdomTree India Earnings Fund) of each of the Funds (twelve of the funds constituting WisdomTree Trust) at March 31, 2021, and the results of their operations (consolidated as it relates to WisdomTree India Earnings Fund), changes in net assets (consolidated as it relates to WisdomTree India Earnings Fund) and financial highlights (consolidated as it relates to WisdomTree India Earnings Fund) for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust    Statement of
operations
   Statements of changes
in net assets
   Financial highlights

WisdomTree China ex-State-Owned Enterprises Fund

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

WisdomTree Emerging Markets High Dividend Fund

WisdomTree Emerging Markets Quality Dividend Growth Fund

WisdomTree Emerging Markets SmallCap Dividend Fund

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

WisdomTree Global ex-U.S. Real Estate Fund

WisdomTree Global High Dividend Fund

WisdomTree India Earnings Fund

   For the year ended March 31, 2021    For each of the two years in the period ended March 31, 2021    For each of the five years in the period ended March 31, 2021

WisdomTree Emerging Markets Multifactor Fund

   For the year ended March 31, 2021    For each of the two years in the period ended March 31, 2021    For each of the two years in the period ended March 31, 2021 and the period from August 10, 2018 (commencement of operations) through March 31, 2019

WisdomTree Growth Leaders Fund (formerly, WisdomTree Modern Tech Platforms Fund)

   For the year ended March 31, 2021    For the year ended March 31, 2021 and the period from May 22, 2019 (commencement of operations) through March 31, 2020

WisdomTree India ex-State-Owned Enterprises Fund

   For the year ended March 31, 2021    For the year ended March 31, 2021 and the period from April 4, 2019 (commencement of operations) through March 31, 2020

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

 

WisdomTree Trust      111  


Report of Independent Registered Public Accounting Firm (concluded)

 

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2021, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

May 26, 2021, except as to Note 9, as to which the date is July 27, 2021.

 

112   WisdomTree Trust


Liquidity Risk Management Program (unaudited)

 

Effective June 1, 2019, the Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2020 to December 31, 2020, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

WisdomTree Trust      113  


Trustees and Officers Information (unaudited)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length
of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other

Directorships

Held by Trustee

During Past
5 Years

Trustees Who Are Interested Persons of the Trust

Jonathan Steinberg
(1964)
  Trustee, 2005-present; President, 2005-present   Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019.     68     Director, WisdomTree Investments, Inc. and WisdomTree Asset Management.

Trustees Who Are Not Interested Persons of the Trust

David G. Chrencik*
(1948)
  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     68     None
Joel Goldberg**, ***
(1945)
  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     68     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro***
(1955)
  Trustee, 2006-present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     68     None

Melinda A.
Raso Kirstein****

(1955)

  Trustee, 2014-present   Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     68     Associate Alumnae of Douglass College, Chair of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor, from 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     68     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

 

114   WisdomTree Trust


Trustees and Officers Information (unaudited) (concluded)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length
of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other

Directorships

Held by Trustee

During Past
5 Years

Officers of the Trust

Jonathan Steinberg*****

(1964)

 

President, 2005-

present; Trustee, 2005-present

  Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019.     68     None

David Castano*****

(1971)

  Treasurer, 2013-present   Head of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Director of Fund Accounting & Administration, WisdomTree Asset Management, 2011 to 2020.     68     None

Terry Jane Feld*****

(1960)

  Chief Compliance Officer, 2012-present   Chief Compliance Officer WisdomTree Asset Management since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011.     68     None

Ryan Louvar*****

(1972)

  Secretary and Chief Legal Officer, 2013-present   General Counsel, WisdomTree Asset Management since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.     68     None

Joanne Antico*****

(1975)

 

Assistant Secretary,

2018-present

  Assistant General Counsel, WisdomTree Asset Management since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     68     None

Clint Martin*****

(1977)

  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management 2012, to 2020.     68     None

 

+

As of March 31, 2021.

 

*

Chair of the Audit Committee.

 

**

Chair of the Contracts Review Committee.

 

***

Co-Chair of the Governance, Nominating and Compliance Committee.

 

****

Chair of the Investment Committee.

 

*****

Elected by and serves at the pleasure of the Board.

 

WisdomTree Trust      115  


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2021, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2022.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2021, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

China ex-State-Owned Enterprises Fund

   $ 1,548,162  

Emerging Markets ex-State-Owned Enterprises Fund

     22,864,758  

Emerging Markets High Dividend Fund

     58,194,039  

Emerging Markets Multifactor Fund

     148,823  

Emerging Markets Quality Dividend Growth Fund

     1,495,864  

Emerging Markets SmallCap Dividend Fund

     29,542,221  

Global ex-U.S. Quality Dividend Growth Fund

     5,009,804  

Global ex-U.S. Real Estate Fund

     1,070,149  

Global High Dividend Fund

     2,672,265  

Growth Leaders Fund

     11,858  

India Earnings Fund (consolidated)

     6,924,754  

India ex-State-Owned Enterprises Fund

     4,497  

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2021. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
    

Foreign

Taxes Paid

 

China ex-State-Owned Enterprises Fund

   $ 1,455,605      $ 140,518  

Emerging Markets ex-State-Owned Enterprises Fund

     31,341,008        5,735,446  

Emerging Markets High Dividend Fund

     89,365,356        9,555,344  

Emerging Markets Multifactor Fund

     239,886        39,912  

Emerging Markets Quality Dividend Growth Fund

     2,052,160        282,560  

Emerging Markets SmallCap Dividend Fund

     62,858,512        7,366,559  

Global ex-U.S. Quality Dividend Growth Fund

     5,887,923        508,343  

Global ex-U.S. Real Estate Fund

     2,844,581        135,082  

Global High Dividend Fund

             

Growth Leaders Fund

             

India Earnings Fund (consolidated)

     7,219,964        2,715,274  

India ex-State-Owned Enterprises Fund

     9,376        5,815  

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2021, that qualify for the 70% dividends received deduction for corporate shareholders:

 

   
Fund    Dividends-Received
Deduction
 

China ex-State-Owned Enterprises Fund

     1.40

Emerging Markets ex-State-Owned Enterprises Fund

     0.15

Emerging Markets High Dividend Fund

     0.03

Emerging Markets Multifactor Fund

     0.09

Emerging Markets Quality Dividend Growth Fund

      

Emerging Markets SmallCap Dividend Fund

      

Global ex-U.S. Quality Dividend Growth Fund

      

Global ex-U.S. Real Estate Fund

      

Global High Dividend Fund

     59.41

Growth Leaders Fund

     100.00

India Earnings Fund (consolidated)

      

India ex-State-Owned Enterprises Fund

      

 

116   WisdomTree Trust


General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

Previously, the Funds were required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Beginning in April 2019, the Funds ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

WisdomTree Trust      117  


The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

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

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM - 4833


LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

March 31, 2021

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       3  

Management’s Discussion of Funds’ Performance (unaudited)

       4  

Description of Terms and Indexes (unaudited)

       10  
Schedules of Investments     

WisdomTree Europe Hedged Equity Fund

       13  

WisdomTree Europe Hedged SmallCap Equity Fund

       16  

WisdomTree Germany Hedged Equity Fund

       20  

WisdomTree International Hedged Quality Dividend Growth Fund

       23  

WisdomTree Japan Hedged Equity Fund

       36  

WisdomTree Japan Hedged SmallCap Equity Fund

       43  

Statements of Assets and Liabilities

       53  

Statements of Operations

       54  

Statements of Changes in Net Assets

       55  

Financial Highlights

       57  

Notes to Financial Statements

       60  

Report of Independent Registered Public Accounting Firm

       71  

Liquidity Risk Management Program (unaudited)

       72  

Trustees and Officers Information (unaudited)

       73  

Supplemental Information (unaudited)

       75  

General Information (unaudited)

       76  

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


Market Environment Overview

(unaudited)

 

International equity markets, as measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned 44.57% in the 12-month fiscal year ended March 31, 2021 (the “period”). Measured in local currency, the MSCI EAFE Index returned 36.56% over the period. Despite the impressive absolute return, international equity markets lagged all other major equity regions during the period, including the U.S., emerging markets, and global equity indexes.

International currency performance was mixed during the period, with significant movement in the U.S. dollar and other international currencies as local governments and central banks sought to combat the economic impacts of the novel coronavirus (“COVID-19”) pandemic. The euro and Swiss franc (the latter viewed as a safe-haven currency) strengthened relative to the U.S. dollar (“USD”), while the Japanese yen (also considered a safe-haven currency) weakened.

The first quarter of the period, from April 1, 2020 through June 30, 2020, was marred by the onset of the COVID-19 pandemic and the efforts of local governments and central banks around the world to contain its spread, protect public health, and mitigate the economic impacts. Many gauges of economic activity came to a screeching halt during the quarter as governments made the difficult decision to shutter major parts of their economies and enforce strict stay-at-home orders to mitigate the spread and impact of the virus on local health systems. Many developed economies such as Italy, the United Kingdom, and Germany experienced severe infection rates that curtailed economic activity during the quarter. Markit Purchasing Managers’ Indexes (“PMIs”) for the Eurozone at the manufacturing, services, and composite levels, for example, exhibited steep declines below 50 during the quarter. Measurements below 50 indicate economic contractions, while readings above 50 signal expansions. Meanwhile, European leaders were on high alert. The European Central Bank (“ECB”), led by President Christine Lagarde, continued using quantitative easing to create monetary stimulus and began investigating how its monetary policy toolkit could aid the recovery. The European Union (“EU”) followed suit, as its leaders began talks to coordinate fiscal stimulus efforts and aid to ailing countries and economies that were being disproportionately affected during the pandemic. During the quarter, equity markets began what would become an enduring recovery, with the MSCI EAFE Index returning 14.88% in USD terms for the quarter ended June 30, 2020. However, this rally fell short of bull markets around the world, primarily due to the concentration of developed market economies in cyclical industries, which were adversely affected by the pandemic, regional lockdowns, and subsequent reduction in economic activity.

The economic recovery truly began to take hold during the second quarter of the period, from July 1, 2020 through September 30, 2020. Eurozone PMIs steadily recovered by June 30th and finally broke into expansionary territory (above the level of 50) by July 2020. However, the economy was still fragile and required significant monetary and fiscal support from both the ECB and the EU, respectively. With the ECB remaining attentive and using whatever monetary policy tools it could to support a recovery, the EU eventually reached a landmark agreement whereby it would issue joint debt, backed by all its member countries, to support the region’s economic recovery.

The optimism was short-lived, however, as new virus flareups plagued developed markets as the summer ended which prompted another wave of lockdowns and subdued economic activity. After reaching their expansionary highs in June 2020, both services and composite PMIs dipped once again into contractionary territory. This was quelled by manufacturing gauges, however, which remained strong and continued their upward trajectory as local economies figured out how to maintain production capacity alongside social distancing and health and safety checks. Equity markets continued their recovery during the quarter, though to a much smaller extent, with the MSCI EAFE Index returning 4.80% in USD terms for the quarter ended September 30, 2020. Developed markets once again lagged the rest of the world, as the cyclical nature of their economies, coupled with the inability to control the spread of the virus and resume normal economic activity, remained a major headwind.

 

WisdomTree Trust      1  


Market Environment Overview

(unaudited) (concluded)

 

The third quarter of the period, from October 1, 2020 through December 31, 2020, marked an important turning point for the following reasons. First, was the Presidential election in the United States, as the Democratic Party gained control of both the White House and later Congress (though the latter was not ultimately decided until January 2021), which had important geopolitical implications for developed markets. Second, was the end of the Brexit saga. Four years after Britain voted to formally leave the European Union in 2016 (often referred to as “Brexit”), Prime Minister Boris Johnson arranged a deal with EU leaders to exit the bloc with certain trade relationships and other negotiations intact. Lastly, and perhaps most important to developed equity markets, was the announcement from several global pharmaceutical giants that they had developed a vaccine for COVID-19. This was immediately additive for the downtrodden cyclical sectors of the economy that struggled throughout 2020, and the region confronted its next two hurdles: securing enough vaccines for its population and distributing them. Both hurdles remain significant challenges for developed markets. However, the news of the vaccine itself restored some optimism in developed economies since cyclical industries may be poised to benefit the most. These three catalysts provided a much-needed tailwind for developed equity markets during the quarter, as they outperformed U.S. and global equity indices by a few percentage points, with the MSCI EAFE Index returning 16.05% in USD terms for the quarter ended December 31, 2020. Composite and service PMIs once again continued to recover, albeit slowly, while manufacturing gauges maintained their momentum and finished the quarter well in expansion territory.

The fourth quarter of the period, concluding March 31, 2021, continued with much of the momentum that ended 2020. Despite localized virus flareups after the holiday season, regional economies and their health systems were generally better prepared to combat the onset of new cases. However, many countries (such as the United Kingdom, France, Germany, etc.) were forced to institute new lockdown orders once again to stem the spread of the virus. Meanwhile, developed markets continued their struggle to approve, acquire, and administer vaccines from pharmaceutical companies like Pfizer, Moderna, Johnson & Johnson, and AstraZeneca. To date, the inoculation campaign is lagging the U.S. inoculation campaign, but progress is being made. PMIs continued their recovery, with composite and service readings hovering around the 50-level, signaling that the economy is still on soft footing but in much better position than it was during the onset of the pandemic. Returning 3.48% in USD terms for the quarter ended March 31, 2021, developed equity markets lagged the U.S. once again during the quarter but managed to outperform emerging markets.

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

 

2   WisdomTree Trust


Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2020 to March 31, 2021. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      3  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Materials

    23.2%  

Industrials

    19.1%  

Consumer Staples

    18.1%  

Information Technology

    11.7%  

Consumer Discretionary

    11.6%  

Health Care

    9.6%  

Communication Services

    3.8%  

Financials

    1.3%  

Energy

    0.9%  

Utilities

    0.3%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Linde PLC

    6.7%  

Unilever PLC

    6.1%  

ASML Holding N.V.

    5.6%  

BASF SE

    3.8%  

L’Oreal S.A.

    3.6%  

LVMH Moet Hennessy Louis Vuitton SE

    3.6%  

Siemens AG, Registered Shares

    3.5%  

Kone Oyj, Class B

    3.5%  

Koninklijke Ahold Delhaize N.V.

    3.4%  

Deutsche Telekom AG, Registered Shares

    3.3%  
*

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

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

The Fund returned 44.22% for the fiscal year ended March 31, 2021. The Fund’s positions within Consumer Discretionary, Information Technology as well as Communication Services sectors had a strong positive impact on returns. Additionally, its overweight position in the Materials sector had further positive impact. Overweights to the Consumer Staples sector and security selection within the Financials sector detracted from performance. Overall, the Fund’s German equity positions had the greatest positive impact on performance for the year. In general, equities experienced a recovery from the significant drop in asset prices in the first quarter of calendar year 2020 due to the COVID-19 pandemic, which resulted in the high level of cumulative returns for the fiscal year. The Fund’s use of forward foreign currency contracts to hedge euro currency exposure detracted from performance due to the overall depreciation of the U.S. dollar against the euro during the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,182.90        0.58   $ 3.16  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       44.22      7.62      9.57      8.04

Fund Market Price Returns

       46.58      7.63      9.70      7.99

WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index1

       45.23      8.08      10.07      8.47

MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index2

       44.01      6.69      8.24      7.19
1 

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

 

2 

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

 

LOGO

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

 

4   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    16.2%  

Utilities

    14.5%  

Real Estate

    13.1%  

Financials

    11.6%  

Materials

    9.6%  

Information Technology

    8.7%  

Communication Services

    8.2%  

Consumer Discretionary

    5.1%  

Consumer Staples

    4.9%  

Energy

    3.8%  

Health Care

    3.6%  

Other Assets less Liabilities‡

    0.7%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

ASM International N.V.

    3.0%  

Mediobanca Banca di Credito Finanziario SpA

    2.9%  

Covivio

    2.8%  

ASR Nederland N.V.

    2.5%  

Proximus SADP

    2.3%  

Italgas SpA

    2.2%  

A2A SpA

    2.1%  

Enagas S.A.

    1.8%  

Valmet Oyj

    1.7%  

METRO AG

    1.6%  
*

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

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

The Fund returned 50.50% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The top performing sector exposures were Real Estate and Information Technology, while the Fund’s positions in the Industrials and Utilities sectors detracted from performance. The Fund’s position in Italy positively contributed to performance while its positions in Finland and the Netherlands negatively impacted performance attribution during the fiscal year. Additionally, the Fund’s focus on small-cap companies benefited performance, while its focus on dividend paying companies detracted from performance. The euro also appreciated by 6.3% against the U.S. dollar during the fiscal year, which served as a headwind for total returns vs. unhedged benchmarks. As a result, the Fund’s use of forward foreign currency contracts to hedge euro currency exposure detracted from performance due to the overall depreciation of the U.S. dollar against the euro during the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,250.30        0.58   $ 3.25  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       50.50      6.74      10.20      8.38

Fund Market Price Returns

       53.62      6.75      10.23      8.22

WisdomTree Europe Hedged SmallCap Equity Index

       51.39      6.88      10.37      8.52

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

       61.57      7.96      10.87      9.13
1 

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

 

LOGO

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

 

WisdomTree Trust      5  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    17.6%  

Financials

    15.6%  

Consumer Discretionary

    14.6%  

Materials

    13.6%  

Health Care

    12.2%  

Information Technology

    8.6%  

Utilities

    7.1%  

Communication Services

    5.9%  

Consumer Staples

    3.2%  

Energy

    0.1%  

Real Estate

    0.1%  

Other Assets less Liabilities‡

    1.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

BASF SE

    6.7%  

Allianz SE, Registered Shares

    6.6%  

Siemens AG, Registered Shares

    6.3%  

Deutsche Telekom AG, Registered Shares

    5.9%  

Bayer AG, Registered Shares

    5.8%  

Deutsche Post AG, Registered Shares

    5.3%  

SAP SE

    5.0%  

Bayerische Motoren Werke AG

    4.8%  

E.ON SE

    4.1%  

Volkswagen AG

    4.0%  
*

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

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

The Fund returned 58.59% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s position in the Information Technology sector contributed the most positively to performance while its position in the Health Care sector contributed the least positively to performance. Germany, like virtually every global economy, initially was hit hard during the global sell-off induced by the ongoing COVID-19 pandemic. Subsequently, after market lows were established at the end of March 2020, Germany’s economy and markets recovered alongside the global economy. Consequently, Germany equities rallied in the fiscal year and the U.S. dollar weakened significantly during the fiscal year, which served as a headwind to returns vs. unhedged benchmarks. The Fund’s use of forward foreign currency contracts to hedge euro currency exposure detracted from performance due to the overall depreciation of the U.S. dollar against the euro during the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,227.90        0.48   $ 2.67  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

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

Fund NAV Returns

       58.59      7.25      9.80      8.38

Fund Market Price Returns

       61.30      7.21      9.97      8.28

WisdomTree Germany Hedged Equity Index

       59.68      7.51      10.06      8.61

MSCI Germany Local Currency Index

       48.70      5.85      7.36      6.56
1 

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

 

LOGO

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

 

6   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Materials

    21.5%  

Health Care

    17.4%  

Industrials

    13.6%  

Information Technology

    12.9%  

Consumer Discretionary

    11.5%  

Consumer Staples

    8.2%  

Communication Services

    4.4%  

Financials

    4.4%  

Real Estate

    2.6%  

Energy

    1.2%  

Utilities

    0.9%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    1.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Rio Tinto PLC

    6.5%  

BHP Group Ltd.

    5.8%  

Unilever PLC

    5.7%  

LVMH Moet Hennessy Louis Vuitton SE

    4.6%  

SoftBank Corp.

    4.1%  

GlaxoSmithKline PLC

    3.6%  

Roche Holding AG, Genusschein

    3.5%  

Linde PLC

    3.1%  

SAP SE

    3.0%  

ASML Holding N.V.

    2.5%  
*

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

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

The Fund returned 37.85% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s positions in Japan and Switzerland contributed positively to performance while its positions in Denmark and Germany weighed negatively on performance. Global equity markets rebounded strongly during the recovery from the COVID-19 pandemic, with developed equity markets benefiting due to the prominence of cyclical and value-oriented equities within their economies. Additionally, the Fund’s significant overweight to higher quality companies proved to be a source of outperformance when compared to companies with low quality (based on return-on-equity). Much of this quality outperformance came from optimistic investors who still maintained some risk-aversion by allocating to companies with strong balance sheets and high return-on-equity, in case the volatility continued. The currency hedge component of the Fund weighed negatively on performance, however, as the U.S. dollar weakened over the fiscal year relative to developed market local currencies.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,140.90        0.58   $ 3.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       37.85      12.09      11.66      9.94

Fund Market Price Returns

       39.61      11.99      11.80      9.87

WisdomTree International Hedged Quality Dividend Growth Index

       38.51      12.65      12.37      10.62

MSCI EAFE Local Currency Index

       36.56      7.07      8.82      6.97
1 

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

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    19.2%  

Consumer Discretionary

    17.3%  

Financials

    15.5%  

Information Technology

    13.1%  

Health Care

    10.3%  

Materials

    8.2%  

Consumer Staples

    8.2%  

Communication Services

    4.4%  

Energy

    2.0%  

Utilities

    0.2%  

Other Assets less Liabilities‡

    1.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Toyota Motor Corp.

    4.9%  

Mitsubishi UFJ Financial Group, Inc.

    4.5%  

Sumitomo Mitsui Financial Group, Inc.

    3.4%  

Takeda Pharmaceutical Co., Ltd.

    3.1%  

Japan Tobacco, Inc.

    3.0%  

ITOCHU Corp.

    2.7%  

Mitsubishi Corp.

    2.5%  

Nintendo Co., Ltd.

    2.4%  

Tokyo Electron Ltd.

    2.4%  

Mizuho Financial Group, Inc.

    2.2%  
*

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

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

The Fund returned 46.97% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. During the fiscal year, the Fund benefited the most from its positions in the Industrials and Financials sectors, which were both a result of allocation and stock selection effects. The Fund’s positions in the Consumer Discretionary and Health Care sectors were the only material detractors, primarily due to stock selection. In terms of dividend yield quintiles, since dividends are a key component of the Fund’s investment strategy, performance was aided the most by the third and fourth quintiles, representing those companies with more modest dividend yields. The avoidance of companies that do not pay dividends, along with a modest position within low-dividend yield companies, weighed on Fund performance during the fiscal year. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the U.S. dollar strengthening against the Japanese yen during the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,270.40        0.48   $ 2.72  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

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

Fund NAV Returns

       46.97      6.05      9.53      8.96

Fund Market Price Returns

       50.44      5.89      9.79      9.05

WisdomTree Japan Hedged Equity Index

       47.63      6.29      10.18      9.56

MSCI Japan Local Currency Index

       43.03      7.68      10.10      10.33

 

LOGO

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

 

8   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    25.7%  

Consumer Discretionary

    15.7%  

Materials

    14.4%  

Financials

    11.7%  

Information Technology

    10.2%  

Consumer Staples

    6.8%  

Health Care

    4.7%  

Communication Services

    2.9%  

Real Estate

    2.5%  

Utilities

    2.2%  

Energy

    1.4%  

Other Assets less Liabilities‡

    1.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Seven Bank Ltd.

    0.8%  

Electric Power Development Co., Ltd.

    0.8%  

JTEKT Corp.

    0.7%  

Sojitz Corp.

    0.7%  

Mebuki Financial Group, Inc.

    0.7%  

Nippon Yusen K.K.

    0.6%  

Denka Co., Ltd.

    0.6%  

AEON Financial Service Co., Ltd.

    0.6%  

Yokohama Rubber Co., Ltd. (The)

    0.6%  

Nippon Electric Glass Co., Ltd.

    0.5%  
*

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

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

The Fund returned 36.31% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. During the fiscal year, the Fund benefited the most from its position in the Consumer Staples sector whereas its position in the Information Technology sector contributed the most negatively to performance. Japan’s ability to curb the pandemic early on, compared to other developed countries, contributed positively to the Fund’s performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the U.S. dollar strengthening against the Japanese yen during the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,158.90        0.58   $ 3.12  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       36.31      3.21      9.80      10.37

Fund Market Price Returns

       39.28      2.92      9.97      10.30

WisdomTree Japan Hedged SmallCap Equity Index

       37.41      3.50      10.49      11.22

MSCI Japan Small Cap Local Currency Index

       41.25      3.95      9.25      10.79
1 

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

 

LOGO

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

 

WisdomTree Trust      9  


Description of Terms and Indexes (unaudited)

 

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

Growth is generally characterized by higher price levels relative to fundamentals, such as

dividends or earnings. Price levels are higher because investors are willing to pay more due to their expectations of future improvements in these fundamentals.

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

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

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

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

The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.

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

The MSCI Japan Small Cap Local Currency Index is a free float-adjusted market

capitalization index that is designed to measure the performance of small cap stocks within Japan and calculated in local currency.

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

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

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

The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations

between the Euro and the U.S. dollar.

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

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

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

 

10   WisdomTree Trust


Description of Terms and Indexes (unaudited) (continued)

 

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

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

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

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

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

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

* * * * * *

 

WisdomTree Trust      11  


Description of Terms and Indexes (unaudited) (concluded)

 

Abbreviations used in the schedules of investments and related tables included in this report are as follows:

 

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

 

Other abbreviations:          
CVA   Certificaten Van Aandelen (Certificate of Stock)
RSP   Risparmio Italian Savings Shares

 

12   WisdomTree Trust


Schedule of Investments

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%

 

Austria – 0.2%

 

Andritz AG(a)

     86,657      $ 3,904,849  
Belgium – 3.3%

 

Barco N.V.

     132,193        3,108,881  

Bekaert S.A.

     57,260        2,401,180  

Fagron

     22,360        497,474  

Melexis N.V.

     40,864        4,334,476  

Solvay S.A.(a)

     279,695        34,910,635  

UCB S.A.

     136,794        13,041,980  

Umicore S.A.

     91,326        4,854,780  
     

 

 

 
Total Belgium

 

     63,149,406  
Finland – 6.5%

 

Cargotec Oyj, Class B(a)

     116,168        6,294,134  

Fiskars Oyj Abp

     63,949        1,192,025  

Huhtamaki Oyj

     169,479        7,680,712  

Kemira Oyj

     303,089        4,662,924  

Kone Oyj, Class B

     822,409        67,331,742  

Konecranes Oyj(a)

     181,095        8,087,952  

Metso Outotec Oyj

     181,695        2,029,755  

Neles Oyj(a)

     901,214        11,471,096  

Revenio Group Oyj

     18,274        1,086,758  

Valmet Oyj(a)

     440,528        16,055,499  
     

 

 

 
Total Finland

 

     125,892,597  
France – 24.1%

 

Air Liquide S.A.

     262,951        43,050,130  

Arkema S.A.

     34,859        4,234,225  

BioMerieux(a)

     4,192        534,564  

Cie Generale des Etablissements Michelin SCA(a)

     68,725        10,310,604  

Danone S.A.

     528,734        36,353,115  

Dassault Systemes SE

     21,437        4,595,549  

Gaztransport Et Technigaz S.A.

     26,559        2,122,605  

Hermes International(a)

     15,538        17,239,142  

Imerys S.A.

     94,176        4,595,641  

IPSOS

     15,143        573,081  

Kering S.A.(a)

     33,323        23,052,227  

L’Oreal S.A.

     181,917        69,872,110  

Legrand S.A.

     95,810        8,931,863  

LVMH Moet Hennessy Louis Vuitton SE(a)

     104,512        69,781,368  

Pernod Ricard S.A.

     101,702        19,130,825  

Publicis Groupe S.A.

     161,239        9,861,794  

Remy Cointreau S.A.(a)

     5,530        1,023,656  

Rubis SCA

     108,488        5,151,238  

Sanofi

     642,004        63,570,580  

Sartorius Stedim Biotech(a)

     2,354        971,649  

Schneider Electric SE

     371,922        56,934,843  

SEB S.A.

     10,235        1,809,190  

Societe BIC S.A.(a)

     47,980        2,815,032  

Teleperformance

     9,613        3,511,466  

Vicat S.A.

     47,939        2,332,587  

Wendel SE(a)

     29,497        3,671,321  
     

 

 

 
Total France

 

     466,030,405  
Germany – 27.2%

 

BASF SE

     888,350      73,962,433  

Bayer AG, Registered Shares

     957,255        60,708,306  

Bayerische Motoren Werke AG

     367,388        38,200,542  

Beiersdorf AG

     27,065        2,866,034  

Brenntag SE

     73,538        6,292,044  

Continental AG

     93,537        12,389,560  

Covestro AG(b)

     78,062        5,260,729  

Daimler AG, Registered Shares

     308,223        27,534,951  

Deutsche Telekom AG, Registered Shares

     3,157,748        63,723,011  

Duerr AG(a)

     32,891        1,372,315  

Eckert & Ziegler Strahlen-und Medizintechnik AG

     3,195        255,533  

Evonik Industries AG

     363,743        12,893,609  

Fresenius Medical Care AG & Co. KGaA

     115,008        8,477,789  

Fresenius SE & Co. KGaA

     203,415        9,080,013  

GEA Group AG

     38,355        1,575,497  

Hannover Rueck SE

     75,239        13,777,138  

Hapag-Lloyd AG(b)

     50,885        7,918,197  

HeidelbergCement AG

     33,403        3,040,965  

Henkel AG & Co. KGaA

     85,445        8,480,761  

Infineon Technologies AG

     204,762        8,700,942  

Knorr-Bremse AG

     62,090        7,765,929  

Krones AG

     6,210        505,064  

LANXESS AG

     25,781        1,904,683  

Merck KGaA

     17,726        3,037,504  

SAP SE

     446,921        54,848,276  

Siemens AG, Registered Shares

     416,496        68,531,052  

Siemens Healthineers AG(b)

     306,643        16,650,357  

Siltronic AG*

     15,045        2,431,327  

Software AG

     25,809        1,090,179  

Symrise AG

     24,966        3,034,017  

Wacker Chemie AG

     4,227        602,866  
     

 

 

 
Total Germany

 

     526,911,623  
Ireland – 3.5%

 

CRH PLC

     1,098,520        51,604,865  

Glanbia PLC

     503,387        7,519,623  

Kerry Group PLC, Class A

     69,927        8,769,157  
     

 

 

 
Total Ireland

 

     67,893,645  
Italy – 1.1%

 

Carel Industries SpA(b)

     39,330        802,458  

Davide Campari-Milano N.V.(a)

     288,231        3,235,814  

Ferrari N.V.(a)

     77,452        16,235,074  

Reply SpA

     15,520        1,968,166  
     

 

 

 
Total Italy

 

     22,241,512  
Netherlands – 16.1%

 

Akzo Nobel N.V.

     255,936        28,660,361  

ASM International N.V.

     70,565        20,567,881  

ASML Holding N.V.

     178,077        108,204,893  

BE Semiconductor Industries N.V.

     83,351        6,998,433  

Corbion N.V.

     30,171        1,684,348  

EXOR N.V.

     84,130        7,113,279  

IMCD N.V.

     25,289        3,522,074  

 

See Notes to Financial Statements.

 

WisdomTree Trust      13  


Schedule of Investments (continued)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

Koninklijke Ahold Delhaize N.V.

     2,385,988      $ 66,600,946  

Koninklijke DSM N.V.

     173,355        29,400,264  

Koninklijke Vopak N.V.

     177,781        8,869,754  

SBM Offshore N.V.(a)

     379,336        6,963,918  

Wolters Kluwer N.V.

     266,629        23,226,904  
     

 

 

 
Total Netherlands

 

     311,813,055  
Spain – 4.4%

 

ACS Actividades de Construccion y Servicios S.A.

     1,534,647        50,971,707  

Cie Automotive S.A.

     294,489        7,725,237  

Grifols S.A.(a)

     321,308        8,432,548  

Prosegur Cash S.A.(b)

     4,969,929        4,538,577  

Prosegur Cia de Seguridad S.A.

     1,855,623        5,910,273  

Viscofan S.A.

     102,835        7,118,767  
     

 

 

 
Total Spain

 

     84,697,109  
Switzerland – 0.4%

 

STMicroelectronics N.V.(a)

     223,261        8,533,200  
United Kingdom – 12.8%

 

Linde PLC

     461,657        129,623,607  

Unilever PLC

     2,129,015        119,056,110  
     

 

 

 
Total United Kingdom

 

     248,679,717  

TOTAL COMMON STOCKS

(Cost: $1,622,122,867)

 

 

     1,929,747,118  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8%

 

United States – 2.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $53,738,416)      53,738,416      53,738,416  

TOTAL INVESTMENTS IN SECURITIES – 102.4%

(Cost: $1,675,861,283)

 

 

     1,983,485,534  

Other Assets less Liabilities – (2.4)%

 

     (45,817,582
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,937,667,952  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $72,564,979 and the total market value of the collateral held by the Fund was $76,930,234. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $23,191,818.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

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

Bank of America N.A.

    4/7/2021       8,519,087       EUR       10,169,106       USD      $      $ (156,421

Bank of America N.A.

    4/7/2021       107,609,585       EUR       126,469,779       USD        6,319         

Bank of America N.A.

    4/7/2021       131,452,641       USD       108,214,275       EUR        4,265,837         

Bank of America N.A.

    5/5/2021       135,629,233       USD       115,338,336       EUR               (9,236

Bank of Montreal

    4/7/2021       107,605,740       EUR       126,469,779       USD        1,799         

Bank of Montreal

    4/7/2021       131,452,641       USD       108,210,890       EUR        4,269,816         

Bank of Montreal

    5/5/2021       135,629,233       USD       115,334,707       EUR               (4,968

Canadian Imperial Bank of Commerce

    4/7/2021       107,609,127       EUR       126,469,779       USD        5,781         

Canadian Imperial Bank of Commerce

    4/7/2021       131,452,641       USD       108,214,631       EUR        4,265,418         

Canadian Imperial Bank of Commerce

    5/5/2021       135,629,233       USD       115,338,827       EUR               (9,813

Citibank N.A.

    4/7/2021       107,604,366       EUR       126,469,779       USD        185         

Citibank N.A.

    4/7/2021       131,452,641       USD       108,211,335       EUR        4,269,292         

Citibank N.A.

    5/5/2021       135,629,233       USD       115,335,688       EUR               (6,122

Commonwealth Bank of Australia

    4/7/2021       11,377,359       EUR       13,558,808       USD               (186,728

Commonwealth Bank of Australia

    4/7/2021       107,609,585       EUR       126,469,779       USD        6,319         

Commonwealth Bank of Australia

    5/5/2021       135,629,233       USD       115,338,532       EUR               (9,467

Credit Suisse International

    4/7/2021       107,604,000       EUR       126,469,779       USD               (245

Credit Suisse International

    4/7/2021       131,452,641       USD       108,214,898       EUR        4,265,104         

Credit Suisse International

    5/5/2021       135,629,233       USD       115,343,633       EUR               (15,465

Goldman Sachs

    4/7/2021       107,606,289       EUR       126,469,779       USD        2,445         

Goldman Sachs

    4/7/2021       131,452,641       USD       108,210,355       EUR        4,270,444         

Goldman Sachs

    5/5/2021       135,629,233       USD       115,333,726       EUR               (3,815

HSBC Holdings PLC

    4/7/2021       107,605,373       EUR       126,469,779       USD        1,369         

HSBC Holdings PLC

    4/7/2021       131,452,641       USD       108,210,088       EUR        4,270,758         

HSBC Holdings PLC

    5/5/2021       135,629,233       USD       115,334,413       EUR               (4,622

 

See Notes to Financial Statements.

 

14   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2021

 

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

JP Morgan Chase Bank N.A.

    4/1/2021       832,426       USD       710,000       EUR      $      $ (2,037

JP Morgan Chase Bank N.A.

    4/7/2021       107,606,106       EUR       126,469,779       USD        2,230         

JP Morgan Chase Bank N.A.

    4/7/2021       131,452,641       USD       108,212,048       EUR        4,268,454         

JP Morgan Chase Bank N.A.

    5/5/2021       135,629,233       USD       115,335,786       EUR               (6,237

Morgan Stanley & Co. International

    4/7/2021       107,606,381       EUR       126,469,779       USD        2,552         

Morgan Stanley & Co. International

    4/7/2021       131,452,641       USD       108,219,086       EUR        4,260,183         

Morgan Stanley & Co. International

    5/5/2021       135,629,233       USD       115,335,884       EUR               (6,353

Royal Bank of Canada

    4/7/2021       138,348,127       EUR       162,604,012       USD               (177

Royal Bank of Canada

    4/7/2021       169,010,547       USD       139,127,378       EUR        5,490,840         

Royal Bank of Canada

    4/7/2021       131,452,641       USD       108,210,177       EUR        4,270,653         

Royal Bank of Canada

    5/5/2021       174,380,452       USD       148,286,480       EUR               (5,202

Societe Generale

    4/7/2021       107,606,838       EUR       126,469,779       USD        3,090         

Societe Generale

    4/7/2021       131,452,641       USD       108,211,959       EUR        4,268,559         

Societe Generale

    5/5/2021       135,629,233       USD       115,337,355       EUR               (8,083

Standard Chartered Bank

    4/7/2021       107,601,803       EUR       126,469,779       USD               (2,828

Standard Chartered Bank

    4/7/2021       131,452,641       USD       108,216,235       EUR        4,263,533         

Standard Chartered Bank

    5/5/2021       135,629,233       USD       115,342,848       EUR               (14,542

UBS AG

    4/7/2021       39,344,880       EUR       47,455,827       USD               (1,212,856

UBS AG

    4/7/2021       107,603,817       EUR       126,469,779       USD               (461

UBS AG

    4/7/2021       131,452,641       USD       108,212,404       EUR        4,268,036         

UBS AG

    5/5/2021       135,629,233       USD       115,336,080       EUR               (6,583
                                             $ 60,999,016      $ (1,672,261

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 1,929,747,118      $      $      $ 1,929,747,118  

Investment of Cash Collateral for Securities Loaned

            53,738,416               53,738,416  

Total Investments in Securities

   $ 1,929,747,118      $ 53,738,416      $      $ 1,983,485,534  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ 60,999,016      $      $ 60,999,016  

Liabilities:

 

     

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (1,672,261    $      $ (1,672,261

Total – Net

   $ 1,929,747,118      $ 113,065,171      $      $ 2,042,812,289  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      15  


Schedule of Investments

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%

 

Austria – 4.4%

 

Andritz AG

     3,363      $ 151,540  

AT&S Austria Technologie & Systemtechnik AG

     1,199        43,121  

CA Immobilien Anlagen AG

     8,278        351,221  

Oesterreichische Post AG(a)

     6,789        297,621  

Schoeller-Bleckmann Oilfield Equipment AG

     1,808        81,279  

Telekom Austria AG

     7,068        55,823  

UNIQA Insurance Group AG

     22,709        170,815  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     5,618        145,923  

Voestalpine AG

     2,919        121,207  

Wienerberger AG

     6,338        232,410  
     

 

 

 
Total Austria

 

     1,650,960  
Belgium – 11.6%

 

Aedifica S.A.

     2,563        294,602  

Barco N.V.

     5,267        123,868  

Bekaert S.A.

     2,246        94,185  

Cofinimmo S.A.

     3,667        535,280  

D’ieteren S.A./N.V.

     2,470        242,400  

Elia Group S.A./N.V.

     2,709        298,967  

Euronav N.V.

     60,336        553,475  

Fagron

     860        19,134  

Intervest Offices & Warehouses N.V.

     2,202        54,736  

Melexis N.V.

     1,615        171,304  

Orange Belgium S.A.

     4,101        110,376  

Proximus SADP

     39,025        851,274  

Recticel S.A.

     3,157        46,084  

Telenet Group Holding N.V.

     11,112        451,612  

Warehouses De Pauw CVA

     13,651        452,120  

Xior Student Housing N.V.

     589        31,498  
     

 

 

 
Total Belgium

 

     4,330,915  
Denmark – 0.2%

 

Cementir Holding N.V.      7,378        75,874  
Finland – 12.9%

 

Altia Oyj

     2,259        28,249  

Cargotec Oyj, Class B(a)

     4,625        250,589  

Huhtamaki Oyj

     6,710        304,094  

Kamux Corp.

     1,518        23,336  

Kemira Oyj

     12,136        186,708  

Kojamo Oyj

     14,142        277,240  

Konecranes Oyj

     7,205        321,785  

Lassila & Tikanoja Oyj

     1,925        31,629  

Metsa Board Oyj

     30,851        336,848  

Metso Outotec Oyj

     6,055        67,642  

Neles Oyj

     35,797        455,642  

Nokian Renkaat Oyj(a)

     8,034        291,580  

Oriola Oyj, Class B

     13,350        32,165  

Orion Oyj, Class B(a)

     12,327        495,052  

Raisio Oyj, Class V

     9,451        43,487  

Revenio Group Oyj

     691        41,094  

Rovio Entertainment Oyj(a)(b)

     3,856        30,070  

Sanoma Oyj

     5,332        89,739  

Talenom Oyj

     1,406      17,681  

Terveystalo Oyj(b)

     4,952        68,910  

TietoEVRY Oyj

     6,634        205,995  

Tikkurila Oyj

     3,589        142,784  

Tokmanni Group Corp.

     2,902        68,214  

Uponor Oyj

     7,208        160,282  

Valmet Oyj

     17,507        638,061  

Verkkokauppa.com Oyj

     5,531        57,335  

YIT Oyj(a)

     25,694        136,918  
     

 

 

 
Total Finland

 

     4,803,129  
France – 12.5%

 

ABC Arbitrage

     2,564        21,848  

Albioma S.A.

     1,510        74,183  

Chargeurs S.A.(a)

     1,354        36,760  

Cie Plastic Omnium S.A.

     7,466        274,124  

Covivio

     12,099        1,038,056  

Derichebourg S.A.*

     14,136        115,883  

Gaztransport Et Technigaz S.A.

     2,953        236,005  

Imerys S.A.

     10,060        490,912  

IPSOS

     1,880        71,148  

Kaufman & Broad S.A.

     2,528        109,487  

Nexity S.A.

     9,624        475,971  

Quadient S.A.

     2,213        53,319  

Rubis SCA

     12,309        584,457  

Societe BIC S.A.

     5,538        324,920  

Trigano S.A.

     1,036        194,087  

Vicat S.A.

     3,260        158,623  

Wendel SE

     3,285        408,865  
     

 

 

 
Total France

 

     4,668,648  
Germany – 14.4%

 

1&1 Drillisch AG

     928        26,144  

alstria office REIT-AG

     16,877        273,334  

Aurubis AG

     2,903        241,016  

Bechtle AG

     1,022        192,065  

Bilfinger SE

     702        25,725  

CANCOM SE

     1,103        63,703  

CompuGroup Medical SE & Co. KgaA

     711        60,208  

CropEnergies AG

     6,882        96,576  

Dermapharm Holding SE

     3,055        219,059  

DIC Asset AG

     10,825        188,040  

Duerr AG

     4,372        182,414  

Eckert & Ziegler Strahlen- und Medizintechnik AG

     422        33,751  

Elmos Semiconductor SE

     1,122        47,209  

Encavis AG

     6,246        118,776  

Freenet AG

     585        14,033  

Fuchs Petrolub SE

     1,953        78,731  

GEA Group AG

     5,225        214,626  

Gerresheimer AG

     859        85,512  

GFT Technologies SE

     1,799        33,449  

GRENKE AG(a)

     2,352        89,287  

Hamborner REIT AG

     9,419        99,797  

Hamburger Hafen und Logistik AG

     6,673        148,072  

Hornbach Baumarkt AG

     1,859        78,328  

 

See Notes to Financial Statements.

 

16   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2021

 

 

 

Investments    Shares      Value  

Hornbach Holding AG & Co. KGaA

     862      $ 84,291  

Indus Holding AG

     1,550        64,489  

Jenoptik AG

     688        20,700  

Krones AG

     946        76,939  

LANXESS AG

     3,738        276,161  

METRO AG

     57,359        607,400  

MLP SE

     3,498        28,902  

Nemetschek SE

     1,650        105,495  

PATRIZIA AG

     2,762        70,117  

Rheinmetall AG

     3,224        327,384  

Siltronic AG*

     1,992        321,914  

Software AG

     3,585        151,431  

STRATEC SE

     225        30,464  

Suedzucker AG

     6,484        110,118  

TAG Immobilien AG*

     9,383        268,417  

VERBIO Vereinigte BioEnergie AG

     2,025        87,345  

Wacker Chemie AG

     622        88,711  

Wuestenrot & Wuerttembergische AG

     1,800        37,614  
     

 

 

 
Total Germany

 

     5,367,747  
Ireland – 1.2%

 

Glanbia PLC

     19,970        298,313  

Hibernia REIT PLC

     60,890        79,007  

Irish Continental Group PLC

     4,865        25,301  

Total Produce PLC

     24,858        60,184  
     

 

 

 
Total Ireland

 

     462,805  
Italy – 20.2%

 

A2A SpA

     438,097        799,117  

ACEA SpA

     12,882        282,214  

Alerion Cleanpower SpA(a)

     3,228        48,941  

Anima Holding SpA(b)

     47,523        245,310  

Ascopiave SpA

     14,272        65,502  

Azimut Holding SpA

     19,407        443,294  

Buzzi Unicem SpA

     3,465        90,285  

Carel Industries SpA(b)

     1,441        29,401  

Danieli & C. Officine Meccaniche SpA

     924        23,294  

Danieli & C. Officine Meccaniche SpA, RSP

     1,568        24,068  

Datalogic SpA

     3,573        73,153  

Enav SpA(b)

     76,422        372,568  

ERG SpA

     11,410        339,814  

Falck Renewables SpA

     8,364        60,013  

Fiera Milano SpA

     10,133        41,266  

Hera SpA

     106,826        410,306  

Immobiliare Grande Distribuzione SIIQ SpA

     16,369        68,201  

Interpump Group SpA

     1,672        84,460  

Iren SpA

     120,106        332,574  

Italgas SpA

     124,455        809,615  

La Doria SpA

     921        19,484  

Mediobanca Banca di Credito Finanziario SpA*

     98,980        1,100,027  

Piaggio & C. SpA

     38,554        146,631  

Prysmian SpA

     5,683        185,081  

RAI Way SpA(b)

     19,333        109,293  

Reply SpA

     621        78,752  

SOL SpA

     3,266        64,295  

Telecom Italia SpA

     1,009,803      547,362  

Telecom Italia SpA, RSP

     1,041,202        600,114  

Zignago Vetro SpA

     1,957        37,261  
     

 

 

 
Total Italy

 

     7,531,696  
Netherlands – 11.1%

 

Aalberts N.V.

     5,889        299,002  

ASM International N.V.

     3,842        1,119,844  

ASR Nederland N.V.

     20,585        924,435  

BE Semiconductor Industries N.V.

     4,556        382,537  

Corbion N.V.

     1,625        90,718  

Euronext N.V.(b)

     3,691        372,637  

ForFarmers N.V.

     9,449        65,300  

IMCD N.V.

     1,379        192,058  

SBM Offshore N.V.

     20,641        378,931  

TKH Group N.V., CVA

     4,721        227,048  

Van Lanschot Kempen N.V.

     4,018        112,628  
     

 

 

 
Total Netherlands

 

     4,165,138  
Portugal – 1.8%

 

Altri, SGPS, S.A.

     36,669        281,208  

Corticeira Amorim, SGPS, S.A.

     3,727        44,329  

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

     38,826        108,605  

Semapa-Sociedade de Investimento e Gestao

     3,084        42,770  

Sonae, SGPS, S.A.

     206,742        189,163  
     

 

 

 
Total Portugal

 

     666,075  
Spain – 9.0%

 

Acciona S.A.

     2,307        387,461  

Almirall S.A.

     7,346        111,634  

Cia de Distribucion Integral Logista Holdings S.A.

     11,399        226,413  

Cie Automotive S.A.

     11,698        306,870  

Ebro Foods S.A.(a)

     5,973        123,413  

Enagas S.A.

     31,674        689,434  

Ercros S.A.

     5,931        17,810  

Euskaltel S.A.(b)

     9,626        125,579  

Faes Farma S.A.

     28,615        122,922  

Global Dominion Access S.A.*(b)

     7,468        37,786  

Grupo Catalana Occidente S.A.

     5,406        216,025  

Inmobiliaria Colonial Socimi S.A.

     32,955        319,733  

Miquel y Costas & Miquel S.A.

     2,442        44,199  

Pharma Mar S.A.(a)

     228        26,515  

Prosegur Cash S.A.(b)

     113,079        103,265  

Prosegur Cia de Seguridad S.A.

     41,394        131,842  

Viscofan S.A.

     4,096        283,546  

Zardoya Otis S.A.

     15,720        100,693  
     

 

 

 
Total Spain

 

     3,375,140  

TOTAL COMMON STOCKS

(Cost: $31,855,994)

 

 

     37,098,127  

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2021

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8%

 

United States – 2.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $1,050,216)      1,050,216      $ 1,050,216  

TOTAL INVESTMENTS IN SECURITIES – 102.1%

(Cost: $32,906,210)

        38,148,343  

Other Assets less Liabilities – (2.1)%

        (795,346
     

 

 

 
NET ASSETS – 100.0%             $ 37,352,997  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,299,046 and the total market value of the collateral held by the Fund was $1,367,333. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $317,117.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

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

Bank of America N.A.

    4/7/2021       1,831,881       EUR       2,152,946       USD      $ 108      $  

Bank of America N.A.

    4/7/2021       2,137,184       EUR       2,511,757       USD        126         

Bank of America N.A.

    4/7/2021       2,511,757       USD       2,067,725       EUR        81,510         

Bank of America N.A.

    5/5/2021       2,244,574       USD       1,908,773       EUR               (153

Bank of America N.A.

    5/5/2021       2,618,660       USD       2,226,894       EUR               (178

Bank of Montreal

    4/7/2021       2,137,107       EUR       2,511,757       USD        36         

Bank of Montreal

    4/7/2021       2,511,757       USD       2,067,661       EUR        81,586         

Bank of Montreal

    5/5/2021       2,618,660       USD       2,226,824       EUR               (96

Citibank N.A.

    4/7/2021       2,137,080       EUR       2,511,757       USD        4         

Citibank N.A.

    4/7/2021       2,511,757       USD       2,067,669       EUR        81,576         

Citibank N.A.

    5/5/2021       2,618,660       USD       2,226,843       EUR               (118

Commonwealth Bank of Australia

    4/7/2021       2,137,184       EUR       2,511,757       USD        126         

Commonwealth Bank of Australia

    5/5/2021       2,618,660       USD       2,226,898       EUR               (183

Credit Suisse International

    4/7/2021       2,137,073       EUR       2,511,757       USD               (5

Credit Suisse International

    4/7/2021       2,511,757       USD       2,067,737       EUR        81,496         

Credit Suisse International

    5/5/2021       2,618,660       USD       2,226,996       EUR               (298

Goldman Sachs

    4/7/2021       2,137,118       EUR       2,511,757       USD        49         

Goldman Sachs

    4/7/2021       2,511,757       USD       2,067,650       EUR        81,598         

Goldman Sachs

    5/5/2021       2,618,660       USD       2,226,805       EUR               (74

HSBC Holdings PLC

    4/7/2021       2,137,100       EUR       2,511,757       USD        27         

HSBC Holdings PLC

    4/7/2021       2,511,757       USD       2,067,645       EUR        81,604         

HSBC Holdings PLC

    5/5/2021       2,618,660       USD       2,226,818       EUR               (89

JP Morgan Chase Bank N.A.

    4/7/2021       2,137,114       EUR       2,511,757       USD        44         

JP Morgan Chase Bank N.A.

    4/7/2021       2,511,757       USD       2,067,683       EUR        81,560         

JP Morgan Chase Bank N.A.

    5/5/2021       2,618,660       USD       2,226,844       EUR               (120

Morgan Stanley & Co. International

    4/7/2021       2,137,120       EUR       2,511,757       USD        51         

Morgan Stanley & Co. International

    4/7/2021       2,511,757       USD       2,067,817       EUR        81,402         

Morgan Stanley & Co. International

    5/5/2021       2,618,660       USD       2,226,846       EUR               (123

Royal Bank of Canada

    4/7/2021       3,052,964       EUR       3,588,225       USD               (4

Royal Bank of Canada

    4/7/2021       5,741,171       USD       4,726,060       EUR        186,520         

Royal Bank of Canada

    4/7/2021       2,511,757       USD       2,067,647       EUR        81,602         

Royal Bank of Canada

    5/5/2021       3,740,943       USD       3,181,155       EUR               (111

Societe Generale

    4/7/2021       2,137,129       EUR       2,511,757       USD        62         

Societe Generale

    4/7/2021       2,511,757       USD       2,067,681       EUR        81,562         

Societe Generale

    5/5/2021       2,618,660       USD       2,226,875       EUR               (156

Standard Chartered Bank

    4/7/2021       2,137,029       EUR       2,511,757       USD               (56

Standard Chartered Bank

    4/7/2021       2,511,757       USD       2,067,763       EUR        81,466         

Standard Chartered Bank

    5/5/2021       2,618,660       USD       2,226,981       EUR               (281

UBS AG

    4/7/2021       2,137,069       EUR       2,511,757       USD               (9

UBS AG

    4/7/2021       2,511,757       USD       2,067,690       EUR        81,552         

UBS AG

    5/5/2021       2,618,660       USD       2,226,850       EUR               (127
                                             $ 1,165,667      $ (2,181

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 37,098,127      $      $      $ 37,098,127  

Investment of Cash Collateral for Securities Loaned

            1,050,216               1,050,216  

Total Investments in Securities

   $ 37,098,127      $ 1,050,216      $      $ 38,148,343  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ 1,165,667      $      $ 1,165,667  

Liabilities:

        

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (2,181    $      $ (2,181

Total – Net

   $ 37,098,127      $ 2,213,702      $      $ 39,311,829  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.6%

 

Germany – 98.6%

 

Air Freight & Logistics – 5.3%

 

Deutsche Post AG, Registered Shares

     30,132      $ 1,654,548  
Auto Components – 1.9%

 

Continental AG

     4,519        598,570  
Automobiles – 12.6%

 

Bayerische Motoren Werke AG

     14,571        1,515,074  

Daimler AG, Registered Shares

     13,225        1,181,449  

Volkswagen AG

     3,457        1,256,283  
     

 

 

 
Total Automobiles

 

     3,952,806  
Capital Markets – 1.6%

 

Deutsche Boerse AG

     2,979        496,122  
Chemicals – 11.8%

 

BASF SE

     25,437        2,117,839  

Covestro AG(a)

     5,664        381,707  

Evonik Industries AG

     18,118        642,229  

Fuchs Petrolub SE

     1,101        44,384  

LANXESS AG

     3,732        275,718  

Symrise AG

     1,940        235,760  

Wacker Chemie AG

     169        24,103  
     

 

 

 
Total Chemicals

 

     3,721,740  
Construction Materials – 1.1%

 

HeidelbergCement AG

     3,696        336,479  
Diversified Financial Services – 0.1%

 

GRENKE AG

     655        24,865  
Diversified Telecommunication Services – 5.9%

 

Deutsche Telekom AG, Registered Shares

     92,508        1,866,801  
Electronic Equipment, Instruments & Components – 0.0%

 

Jenoptik AG

     222        6,680  
Food & Staples Retailing – 1.0%

 

METRO AG

     28,952        306,586  
Food Products – 0.1%

 

Suedzucker AG

     1,803        30,621  
Health Care Equipment & Supplies – 2.5%

 

Carl Zeiss Meditec AG, Bearer Shares

     279        42,136  

Eckert & Ziegler Strahlen- und Medizintechnik AG

     111        8,878  

Siemens Healthineers AG(a)

     13,728        745,415  

STRATEC SE

     59        7,988  
     

 

 

 
Total Health Care Equipment & Supplies

 

     804,417  
Health Care Providers & Services – 2.8%

 

Fresenius Medical Care AG & Co. KGaA

     5,699        420,100  

Fresenius SE & Co. KGaA

     10,677        476,599  
     

 

 

 
Total Health Care Providers & Services

 

     896,699  
Health Care Technology – 0.1%

 

CompuGroup Medical SE & Co. KgaA

     203        17,190  
Household Products – 1.4%

 

Henkel AG & Co. KGaA

     4,310        427,785  
Independent Power & Renewable Electricity Producers – 1.6%

 

Encavis AG

     1,685      32,043  

Uniper SE

     12,683        460,307  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     492,350  
Industrial Conglomerates – 7.2%

 

Rheinmetall AG

     2,721        276,306  

Siemens AG, Registered Shares

     12,071        1,986,186  
     

 

 

 
Total Industrial Conglomerates

 

     2,262,492  
Insurance – 13.9%

 

Allianz SE, Registered Shares

     8,180        2,086,708  

Hannover Rueck SE

     3,532        646,750  

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares

     4,013        1,238,547  

Talanx AG

     9,597        407,861  
     

 

 

 
Total Insurance

 

     4,379,866  
IT Services – 0.7%

 

Bechtle AG

     1,098        206,348  

CANCOM SE

     303        17,499  
     

 

 

 
Total IT Services

 

     223,847  
Life Sciences Tools & Services – 0.1%

 

Gerresheimer AG

     236        23,493  
Machinery – 3.0%

 

Duerr AG

     1,199        50,026  

GEA Group AG

     5,594        229,783  

KION Group AG

     35        3,464  

Knorr-Bremse AG

     3,340        417,752  

Krones AG

     258        20,983  

Rational AG

     274        213,346  
     

 

 

 
Total Machinery

 

     935,354  
Marine – 0.8%

 

Hapag-Lloyd AG(a)

     1,559        242,595  
Metals & Mining – 0.7%

 

Aurubis AG

     2,867        238,027  
Multi-Utilities – 5.5%

 

E.ON SE

     111,478        1,300,243  

RWE AG

     11,203        440,037  
     

 

 

 
Total Multi-Utilities

 

     1,740,280  
Oil, Gas & Consumable Fuels – 0.1%

 

CropEnergies AG

     1,841        25,835  
Personal Products – 0.7%

 

Beiersdorf AG

     2,210        234,027  
Pharmaceuticals – 6.7%

 

Bayer AG, Registered Shares

     28,995        1,838,838  

Merck KGaA

     1,505        257,895  
     

 

 

 
Total Pharmaceuticals

 

     2,096,733  
Real Estate Management & Development – 0.1%

 

PATRIZIA AG

     765        19,421  
Semiconductors & Semiconductor Equipment – 2.6%

 

Infineon Technologies AG

     12,001        509,958  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2021

 

 

 

Investments    Shares      Value  

Siltronic AG*

     1,942      $ 313,834  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     823,792  
Software – 5.2%

 

Nemetschek SE

     459        29,347  

SAP SE

     12,883        1,581,063  

Software AG

     985        41,607  
     

 

 

 
Total Software

 

     1,652,017  
Specialty Retail – 0.1%

 

Hornbach Baumarkt AG

     511        21,531  

Hornbach Holding AG & Co. KGaA

     244        23,859  
     

 

 

 
Total Specialty Retail

 

     45,390  
Trading Companies & Distributors – 1.3%

 

Brenntag SE

     4,698      401,969  
Transportation Infrastructure – 0.1%

 

Hamburger Hafen und Logistik AG      1,848        41,007  

TOTAL INVESTMENTS IN SECURITIES – 98.6%

(Cost: $27,316,109)

 

 

     31,020,404  

Other Assets less Liabilities – 1.4%

 

     438,413  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 31,458,817  
* 

Non-income producing security.

 

(a) 

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

 

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

Bank of America N.A.

    4/7/2021       1,727,905       EUR       2,030,746       USD      $ 101      $  

Bank of America N.A.

    4/7/2021       3,208,969       EUR       3,771,389       USD        188         

Bank of America N.A.

    4/7/2021       2,030,746       USD       1,671,748       EUR        65,901         

Bank of America N.A.

    5/5/2021       2,207,108       USD       1,876,912       EUR               (150

Bank of America N.A.

    5/5/2021       4,098,920       USD       3,485,698       EUR               (279

Bank of Montreal

    4/7/2021       1,727,843       EUR       2,030,746       USD        29         

Bank of Montreal

    4/7/2021       2,030,746       USD       1,671,696       EUR        65,962         

Bank of Montreal

    5/5/2021       2,207,108       USD       1,876,853       EUR               (81

Canadian Imperial Bank of Commerce

    4/7/2021       1,727,897       EUR       2,030,746       USD        93         

Canadian Imperial Bank of Commerce

    4/7/2021       2,030,746       USD       1,671,754       EUR        65,894         

Canadian Imperial Bank of Commerce

    5/5/2021       2,207,108       USD       1,876,920       EUR               (160

Citibank N.A.

    4/7/2021       1,727,821       EUR       2,030,746       USD        3         

Citibank N.A.

    4/7/2021       2,030,746       USD       1,671,703       EUR        65,954         

Citibank N.A.

    5/5/2021       2,207,108       USD       1,876,869       EUR               (100

Credit Suisse International

    4/7/2021       1,727,815       EUR       2,030,746       USD               (4

Credit Suisse International

    4/7/2021       2,030,746       USD       1,671,758       EUR        65,889         

Credit Suisse International

    5/5/2021       2,207,108       USD       1,876,998       EUR               (252

Goldman Sachs

    4/7/2021       1,727,852       EUR       2,030,746       USD        39         

Goldman Sachs

    4/7/2021       2,030,746       USD       1,671,688       EUR        65,972         

Goldman Sachs

    5/5/2021       2,207,108       USD       1,876,837       EUR               (62

HSBC Holdings PLC

    4/7/2021       1,727,837       EUR       2,030,746       USD        22         

HSBC Holdings PLC

    4/7/2021       2,030,746       USD       1,671,683       EUR        65,977         

HSBC Holdings PLC

    5/5/2021       2,207,108       USD       1,876,848       EUR               (75

JP Morgan Chase Bank N.A.

    4/7/2021       1,727,849       EUR       2,030,746       USD        36         

JP Morgan Chase Bank N.A.

    4/7/2021       2,030,746       USD       1,671,714       EUR        65,941         

JP Morgan Chase Bank N.A.

    5/5/2021       2,207,108       USD       1,876,871       EUR               (101

Royal Bank of Canada

    4/1/2021       12,500       USD       10,659       EUR               (27

Royal Bank of Canada

    4/7/2021       2,468,310       EUR       2,901,066       USD               (3

Royal Bank of Canada

    4/7/2021       2,030,746       USD       1,671,685       EUR        65,975         

Royal Bank of Canada

    4/7/2021       4,641,709       USD       3,820,997       EUR        150,801         

Royal Bank of Canada

    5/5/2021       3,153,012       USD       2,681,201       EUR               (94

Societe Generale

    4/7/2021       1,727,861       EUR       2,030,746       USD        50         

Societe Generale

    4/7/2021       2,030,746       USD       1,671,712       EUR        65,943         

Societe Generale

    5/5/2021       2,207,108       USD       1,876,896       EUR               (132

Standard Chartered Bank

    4/7/2021       1,727,780       EUR       2,030,746       USD               (45

Standard Chartered Bank

    4/7/2021       2,030,746       USD       1,671,778       EUR        65,865         

Standard Chartered Bank

    5/5/2021       2,207,108       USD       1,876,986       EUR               (237

UBS AG

    4/7/2021       1,727,812       EUR       2,030,746       USD               (7

UBS AG

    4/7/2021       2,030,746       USD       1,671,719       EUR        65,935         

UBS AG

    5/5/2021       2,207,108       USD       1,876,876       EUR               (107
                                             $ 942,570      $ (1,916

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (concluded)

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

   $ 31,020,404      $      $      $ 31,020,404  

Total Investments in Securities

   $ 31,020,404      $      $      $ 31,020,404  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 942,570      $      $ 942,570  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (1,916    $      $ (1,916

Total – Net

   $ 31,020,404      $ 940,654      $      $ 31,961,058  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.6%

 

Australia – 11.4%

 

ARB Corp., Ltd.(a)

     1,739      $ 45,629  

Beach Energy Ltd.

     847,309        1,106,780  

BHP Group Ltd.

     1,520,392        52,457,698  

BlueScope Steel Ltd.

     104,750        1,543,798  

Brambles Ltd.

     463,985        3,738,910  

Breville Group Ltd.

     17,647        362,903  

Charter Hall Group

     135,318        1,327,477  

Codan Ltd.

     19,768        232,469  

CSL Ltd.

     37,567        7,572,406  

Domino’s Pizza Enterprises Ltd.

     21,584        1,582,298  

Elders Ltd.

     21,757        205,980  

Evolution Mining Ltd.

     491,726        1,528,054  

Goodman Group

     308,673        4,260,026  

JB Hi-Fi Ltd.

     44,210        1,743,565  

Mineral Resources Ltd.

     74,612        2,160,609  

Northern Star Resources Ltd.

     76,165        549,945  

Ramelius Resources Ltd.(a)

     23,817        26,757  

Rio Tinto Ltd.

     244,821        20,651,322  

St Barbara Ltd.(a)

     439,341        657,536  

Technology One Ltd.(a)

     73,875        525,533  
     

 

 

 
Total Australia

 

     102,279,695  
Belgium – 0.1%

 

Fagron

     11,714        260,618  

Melexis N.V.

     8,152        864,689  
     

 

 

 
Total Belgium

 

     1,125,307  
China – 2.2%

 

China Overseas Grand Oceans Group Ltd.

     2,518,000        1,645,318  

China Overseas Land & Investment Ltd.

     6,180,027        16,057,283  

China Tobacco International HK Co., Ltd.(a)

     119,000        309,192  

CSPC Pharmaceutical Group Ltd.

     1,379,481        1,667,915  
     

 

 

 
Total China

 

     19,679,708  
Denmark – 4.8%

 

Coloplast A/S, Class B

     33,975        5,120,988  

DSV Panalpina A/S

     8,654        1,701,958  

H. Lundbeck A/S

     30,063        1,029,504  

Novo Nordisk A/S, Class B

     288,983        19,625,699  

Novozymes A/S, Class B

     30,374        1,950,230  

Orsted A/S(b)

     49,634        8,035,783  

Royal Unibrew A/S

     14,447        1,514,573  

Vestas Wind Systems A/S

     18,076        3,719,206  
     

 

 

 
Total Denmark

 

     42,697,941  
Finland – 2.5%

 

Kone Oyj, Class B

     121,884        9,978,809  

Neste Oyj

     161,948        8,614,670  

Orion Oyj, Class B(a)

     27,851        1,118,496  

Tokmanni Group Corp.

     2,348        55,192  

Uponor Oyj

     18,064        401,683  

Valmet Oyj(a)

     60,964        2,221,896  
     

 

 

 
Total Finland

 

     22,390,746  
France – 6.1%

 

Gaztransport Et Technigaz S.A.

     11,051      883,200  

Hermes International

     7,158        7,941,677  

LVMH Moet Hennessy Louis Vuitton SE

     62,273        41,578,910  

Sartorius Stedim Biotech

     2,603        1,074,428  

Trigano S.A.

     6,730        1,260,817  

Verallia S.A.(b)

     53,727        1,941,718  
     

 

 

 
Total France

 

     54,680,750  
Germany – 5.9%

 

Bechtle AG

     4,702        883,649  

CANCOM SE

     3,034        175,226  

Carl Zeiss Meditec AG, Bearer Shares

     3,478        525,268  

CompuGroup Medical SE & Co. KgaA

     1,795        152,001  

Dermapharm Holding SE

     11,856        850,135  

Eckert & Ziegler Strahlen- und Medizintechnik AG

     887        70,941  

Fuchs Petrolub SE

     35,274        1,421,993  

Infineon Technologies AG

     177,686        7,550,403  

Knorr-Bremse AG

     30,363        3,797,663  

Nemetschek SE

     6,299        402,735  

SAP SE

     219,448        26,931,705  

Siemens Healthineers AG(b)

     165,354        8,978,529  

Softwareone Holding AG*

     9,068        235,095  

Symrise AG

     8,024        975,124  
     

 

 

 
Total Germany

 

     52,950,467  
Hong Kong – 2.0%

 

Hong Kong Exchanges & Clearing Ltd.

     225,000        13,237,592  

Techtronic Industries Co., Ltd.

     275,500        4,713,067  

Vitasoy International Holdings Ltd.

     96,000        369,209  
     

 

 

 
Total Hong Kong

 

     18,319,868  
Israel – 0.1%

 

Matrix IT Ltd.

     9,513        228,275  

Maytronics Ltd.

     12,283        223,545  

Strauss Group Ltd.

     26,062        703,386  
     

 

 

 
Total Israel

 

     1,155,206  
Italy – 0.9%

 

Davide Campari-Milano N.V.

     22,373        251,170  

DiaSorin SpA

     4,598        739,271  

Ferrari N.V.

     17,463        3,660,501  

Interpump Group SpA

     16,856        851,470  

Recordati Industria Chimica e Farmaceutica SpA

     46,697        2,517,481  

Zignago Vetro SpA

     9,088        173,034  
     

 

 

 
Total Italy

 

     8,192,927  
Japan – 19.1%

 

ABC-Mart, Inc.

     22,300        1,259,294  

Advantest Corp.

     26,211        2,296,131  

Ariake Japan Co., Ltd.

     7,900        479,719  

Asahi Holdings, Inc.(a)

     25,000        479,185  

Astellas Pharma, Inc.

     308,100        4,745,576  

Bandai Namco Holdings, Inc.

     39,800        2,842,909  

Benefit One, Inc.

     18,800        500,029  

Bridgestone Corp.

     231,700        9,383,326  

Chugai Pharmaceutical Co., Ltd.

     164,600        6,686,782  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

 

 

Investments    Shares      Value  

Create SD Holdings Co., Ltd.

     10,500      $ 342,081  

CyberAgent, Inc.

     8,000        144,290  

Daifuku Co., Ltd.(a)

     16,200        1,589,213  

Daikin Industries Ltd.

     16,000        3,231,855  

Daiwabo Holdings Co., Ltd.

     11,000        167,439  

Dip Corp.

     9,200        241,365  

Disco Corp.

     6,991        2,198,527  

DTS Corp.

     7,100        162,304  

Eisai Co., Ltd.

     30,375        2,039,386  

Elecom Co., Ltd.(a)

     14,800        328,948  

en-japan, Inc.

     19,550        604,192  

Fancl Corp.

     10,300        348,149  

Fast Retailing Co., Ltd.

     6,281        5,009,453  

Funai Soken Holdings, Inc.

     1,800        34,957  

GungHo Online Entertainment, Inc.

     3,689        72,979  

Hikari Tsushin, Inc.

     8,500        1,713,077  

Horiba Ltd.

     8,700        549,557  

Hoya Corp.

     23,500        2,765,769  

IR Japan Holdings Ltd.

     300        36,299  

Japan Lifeline Co., Ltd.

     4,700        59,590  

Kakaku.com, Inc.

     39,991        1,092,967  

Kao Corp.

     64,100        4,242,202  

Keyence Corp.

     8,900        4,048,896  

Kobe Bussan Co., Ltd.(a)

     17,000        456,154  

Koito Manufacturing Co., Ltd.(a)

     5,000        335,747  

Kose Corp.

     7,800        1,105,412  

Kotobuki Spirits Co., Ltd.

     200        13,014  

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

     1,900        145,810  

Kyudenko Corp.

     31,900        1,221,149  

Mani, Inc.

     5,000        125,792  

McDonald’s Holdings Co., Japan Ltd.

     8,200        378,462  

Meitec Corp.

     12,600        696,706  

Milbon Co., Ltd.

     8,400        461,430  

MINEBEA MITSUMI, Inc.

     44,700        1,144,401  

Murata Manufacturing Co., Ltd.

     91,820        7,347,262  

Nexon Co., Ltd.

     9,100        295,647  

NGK Spark Plug Co., Ltd.(a)

     53,800        930,423  

Nifco, Inc.(a)

     4,900        178,928  

Nihon M&A Center, Inc.

     20,800        563,388  

Nihon Unisys Ltd.

     19,200        592,507  

Nippon Shinyaku Co., Ltd.

     3,000        223,439  

Nissan Chemical Corp.

     27,668        1,479,800  

Nitori Holdings Co., Ltd.

     2,901        562,479  

Nojima Corp.

     1,800        45,806  

Nomura Research Institute Ltd.

     53,500        1,658,258  

NSD Co., Ltd.

     7,300        121,623  

Obic Co., Ltd.(a)

     9,100        1,666,000  

OKUMA Corp.

     6,200        356,290  

Olympus Corp.

     33,400        692,483  

Oracle Corp.

     19,300        1,886,335  

Otsuka Corp.

     32,000        1,500,090  

Outsourcing, Inc.

     43,500        702,299  

Pan Pacific International Holdings Corp.

     27,100        640,345  

Pigeon Corp.(a)

     21,400        813,394  

Prestige International, Inc.

     6,000      44,633  

Recruit Holdings Co., Ltd.

     97,900        4,785,139  

Ryohin Keikaku Co., Ltd.

     18,400        435,938  

Sakai Moving Service Co., Ltd.

     6,300        282,502  

Sanwa Holdings Corp.

     48,200        632,052  

SCSK Corp.

     19,900        1,181,394  

Seria Co., Ltd.

     16,100        563,136  

SG Holdings Co., Ltd.

     32,400        743,881  

Shimadzu Corp.

     12,000        434,932  

Shionogi & Co., Ltd.

     36,000        1,939,113  

SMS Co., Ltd.

     9,000        275,294  

SoftBank Corp.(a)

     2,824,200        36,765,717  

Sony Corp.

     61,300        6,432,339  

Starts Corp., Inc.

     17,500        460,068  

Sumitomo Forestry Co., Ltd.

     22,300        481,519  

Sundrug Co., Ltd.

     17,500        641,403  

Sysmex Corp.

     16,736        1,806,125  

Systena Corp.

     4,800        96,087  

T-Gaia Corp.

     37,200        645,361  

TechnoPro Holdings, Inc.

     7,600        634,136  

Terumo Corp.

     21,300        770,848  

Toei Animation Co., Ltd.(a)

     10,200        1,093,846  

Tokuyama Corp.(a)

     25,800        652,121  

Tokyo Electron Ltd.

     31,958        13,532,261  

Trend Micro, Inc.

     47,900        2,401,502  

Unicharm Corp.

     21,700        912,185  

USS Co., Ltd.

     88,700        1,737,075  

Wacom Co., Ltd.

     5,100        34,292  

Workman Co., Ltd.(a)

     4,000        287,059  

Yamaha Corp.

     18,400        1,000,760  

Yaskawa Electric Corp.

     8,800        438,805  

ZOZO, Inc.

     36,700        1,086,054  
     

 

 

 
Total Japan

 

     171,264,896  
Netherlands – 3.8%

 

ASM International N.V.

     12,088        3,523,341  

ASML Holding N.V.

     36,459        22,153,575  

BE Semiconductor Industries N.V.

     23,657        1,986,322  

Euronext N.V.(b)

     19,710        1,989,886  

IMCD N.V.

     3,164        440,660  

Wolters Kluwer N.V.

     50,856        4,430,229  
     

 

 

 
Total Netherlands

 

     34,524,013  
Norway – 0.1%

 

Borregaard ASA

     35,082        765,230  

Fjordkraft Holding ASA(b)

     29,431        240,306  
     

 

 

 
Total Norway

 

     1,005,536  
Portugal – 0.2%

 

Jeronimo Martins, SGPS, S.A.

     115,981        1,956,083  
Singapore – 0.4%

 

Sheng Siong Group Ltd.

     594,200        681,057  

Singapore Exchange Ltd.

     382,500        2,838,289  
     

 

 

 
Total Singapore

 

     3,519,346  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

 

 

Investments    Shares      Value  
Spain – 0.5%

 

Faes Farma S.A.

     364,446      $ 1,565,558  

Grifols S.A.

     52,442        1,376,310  

Prosegur Cash S.A.(b)

     1,514,860        1,383,382  
     

 

 

 
Total Spain

 

     4,325,250  
Sweden – 3.3%

 

AddTech AB, Class B

     29,433        438,981  

Atlas Copco AB, Class A

     119,739        7,302,784  

Atlas Copco AB, Class B

     103,019        5,371,790  

Axfood AB(a)

     73,707        1,765,660  

Beijer Ref AB

     13,204        581,404  

BioGaia AB, Class B

     706        33,209  

Elekta AB, Class B

     46,272        601,207  

Epiroc AB, Class B

     49,137        1,025,719  

EQT AB

     61,807        2,038,653  

Essity AB, Class B(a)

     160,995        5,096,029  

Evolution Gaming Group AB(b)

     18,800        2,773,746  

Lagercrantz Group AB, Class B

     5,586        50,693  

Lifco AB, Class B

     7,460        694,965  

Lindab International AB

     2,362        47,829  

Mycronic AB

     29,813        701,177  

Sweco AB, Class B

     68,457        1,119,967  
     

 

 

 
Total Sweden

 

     29,643,813  
Switzerland – 10.0%

 

ALSO Holding AG, Registered Shares*

     990        285,066  

Bucher Industries AG, Registered Shares

     1,768        904,711  

Geberit AG, Registered Shares

     7,213        4,610,679  

Givaudan S.A., Registered Shares

     1,783        6,899,735  

Kardex Holding AG, Registered Shares

     2,329        477,109  

Kuehne + Nagel International AG, Registered Shares

     31,691        9,081,510  

Logitech International S.A., Registered Shares

     27,542        2,901,253  

Partners Group Holding AG

     8,895        11,407,602  

Roche Holding AG, Bearer Shares(a)

     36,467        12,515,371  

Roche Holding AG, Genusschein

     97,769        31,730,905  

Schindler Holding AG, Participation Certificate

     6,611        1,949,969  

SFS Group AG

     11,344        1,415,062  

Sika AG, Registered Shares

     12,754        3,658,907  

STMicroelectronics N.V.(a)

     41,816        1,598,238  

Temenos AG, Registered Shares

     5,715        826,144  
     

 

 

 
Total Switzerland

 

     90,262,261  
United Kingdom – 25.2%

 

AJ Bell PLC

     75,258        435,582  

Ashmore Group PLC(a)

     400,867        2,164,741  

Ashtead Group PLC

     76,181        4,547,978  

Avon Rubber PLC

     732        31,914  

Berkeley Group Holdings PLC

     78,947        4,835,101  

Bodycote PLC

     94,385        1,076,293  

Bunzl PLC

     72,707        2,330,292  

CMC Markets PLC(b)

     146,604        976,962  

Croda International PLC

     19,602        1,716,810  

FDM Group Holdings PLC

     26,261        365,222  

Ferrexpo PLC

     783,069        4,047,181  

Fevertree Drinks PLC

     7,286      215,123  

Fresnillo PLC

     100,634        1,199,897  

Games Workshop Group PLC

     6,528        897,516  

Gamma Communications PLC

     5,224        118,204  

GlaxoSmithKline PLC

     1,839,371        32,686,620  

Halma PLC

     23,647        774,536  

Hargreaves Lansdown PLC

     201,387        4,283,115  

Hilton Food Group PLC

     32,559        482,459  

HomeServe PLC

     86,777        1,437,912  

IMI PLC

     102,864        1,893,233  

Intertek Group PLC

     30,147        2,330,086  

Linde PLC

     98,887        27,765,397  

RELX PLC

     612,488        15,371,459  

Rio Tinto PLC

     761,532        58,313,076  

Rotork PLC

     166,634        819,841  

RWS Holdings PLC

     40,076        336,734  

Smith & Nephew PLC

     153,920        2,926,369  

Spirax-Sarco Engineering PLC

     7,151        1,124,751  

Spirent Communications PLC

     88,629        291,641  

Unilever PLC

     909,710        50,907,964  
     

 

 

 
Total United Kingdom

 

     226,704,009  

TOTAL COMMON STOCKS

(Cost: $708,135,273)

 

 

     886,677,822  
EXCHANGE-TRADED FUND – 0.2%

 

United States – 0.2%

 

WisdomTree International Quality Dividend Growth Fund(c)

     
(Cost: $1,253,858)      43,565        1,615,390  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5%

 

United States – 1.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d)

     
(Cost: $13,942,780)      13,942,780        13,942,780  

TOTAL INVESTMENTS IN SECURITIES – 100.3%

(Cost: $723,331,911)

 

 

     902,235,992  

Other Assets less Liabilities – (0.3)%

 

     (2,744,936
     

 

 

 
NET ASSETS – 100.0%

 

   $ 899,491,056  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $54,459,474 and the total market value of the collateral held by the Fund was $57,772,816. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $43,830,036.

 

(b) 

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

 

(c) 

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

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the ended March 31, 2021 were as follows:

 

Affiliate    Value at
3/31/2020
     Purchases/
Additions
     Sales/
Reductions
     Realized
Gain/
(Loss)
     Change in
Unrealized
Appreciation/
Depreciation
     Value at
3/31/2021
     Dividend
Income
 

WisdomTree International Quality Dividend Growth Fund

   $ 1,986,206      $      $ 1,006,840      $ 15,366      $ 620,658      $ 1,615,390      $ 41,591  

 

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

Bank of America N.A.

    4/5/2021       269,940       ILS       80,944       USD      $ 6      $  

Bank of America N.A.

    4/5/2021       1,341,006,608       JPY       12,135,444       USD        758         

Bank of America N.A.

    4/5/2021       80,944       USD       268,167       ILS        526         

Bank of America N.A.

    4/5/2021       12,135,444       USD       1,292,462,405       JPY        438,571         

Bank of America N.A.

    4/6/2021       333,634       SGD       248,310       USD        2         

Bank of America N.A.

    4/6/2021       248,310       USD       330,246       SGD        2,520         

Bank of America N.A.

    4/7/2021       10,336,030       AUD       7,872,768       USD               (272

Bank of America N.A.

    4/7/2021       5,546,774       CHF       5,893,770       USD        4         

Bank of America N.A.

    4/7/2021       11,994,349       EUR       14,096,539       USD        704         

Bank of America N.A.

    4/7/2021       10,198,305       GBP       14,071,019       USD               (370

Bank of America N.A.

    4/7/2021       17,104,622       SEK       1,962,301       USD        90         

Bank of America N.A.

    4/7/2021       7,872,768       USD       10,168,303       AUD        128,022         

Bank of America N.A.

    4/7/2021       5,893,770       USD       5,330,237       CHF        230,079         

Bank of America N.A.

    4/7/2021       14,096,539       USD       11,604,535       EUR        457,454         

Bank of America N.A.

    4/7/2021       14,071,019       USD       10,062,091       GBP        188,304         

Bank of America N.A.

    4/7/2021       1,962,301       USD       16,477,255       SEK        71,887         

Bank of America N.A.

    4/8/2021       19,045,244       DKK       3,009,919       USD               (172

Bank of America N.A.

    4/8/2021       20,340,419       HKD       2,616,268       USD        57         

Bank of America N.A.

    4/8/2021       422,738       NOK       49,520       USD        2         

Bank of America N.A.

    4/8/2021       3,009,919       USD       18,429,927       DKK        97,412         

Bank of America N.A.

    4/8/2021       2,616,268       USD       20,294,956       HKD        5,791         

Bank of America N.A.

    4/8/2021       49,520       USD       426,517       NOK               (445

Bank of America N.A.

    5/5/2021       7,192,066       USD       9,441,232       AUD        52         

Bank of America N.A.

    5/5/2021       6,305,557       USD       5,929,967       CHF               (197

Bank of America N.A.

    5/5/2021       2,998,436       USD       18,964,790       DKK        41         

Bank of America N.A.

    5/5/2021       14,865,078       USD       12,641,179       EUR               (1,012

Bank of America N.A.

    5/5/2021       2,738,639       USD       21,290,845       HKD               (155

Bank of America N.A.

    5/5/2021       90,118       USD       300,470       ILS               (11

Bank of America N.A.

    5/5/2021       55,259       USD       471,740       NOK               (5

Bank of America N.A.

    5/5/2021       2,097,079       USD       18,275,152       SEK               (155

Bank of America N.A.

    5/5/2021       251,143       USD       337,518       SGD               (22

Bank of America N.A.

    5/6/2021       14,147,888       USD       10,252,977       GBP        416         

Bank of America N.A.

    5/10/2021       12,268,914       USD       1,355,338,341       JPY               (1,017

Bank of Montreal

    4/5/2021       269,921       ILS       80,944       USD               (0 )^ 

Bank of Montreal

    4/5/2021       1,340,938,650       JPY       12,135,444       USD        143         

Bank of Montreal

    4/5/2021       80,944       USD       268,093       ILS        548         

Bank of Montreal

    4/5/2021       12,135,444       USD       1,292,422,358       JPY        438,933         

Bank of Montreal

    4/6/2021       333,635       SGD       248,310       USD        3         

Bank of Montreal

    4/6/2021       248,310       USD       330,236       SGD        2,527         

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

Bank of Montreal

    4/7/2021       10,336,220       AUD       7,872,768       USD      $      $ (127

Bank of Montreal

    4/7/2021       5,546,833       CHF       5,893,770       USD        67         

Bank of Montreal

    4/7/2021       11,993,921       EUR       14,096,539       USD        201         

Bank of Montreal

    4/7/2021       10,198,726       GBP       14,071,019       USD        212         

Bank of Montreal

    4/7/2021       17,104,077       SEK       1,962,301       USD        28         

Bank of Montreal

    4/7/2021       7,872,768       USD       10,168,054       AUD        128,212         

Bank of Montreal

    4/7/2021       5,893,770       USD       5,330,178       CHF        230,142         

Bank of Montreal

    4/7/2021       14,096,539       USD       11,604,172       EUR        457,881         

Bank of Montreal

    4/7/2021       14,071,019       USD       10,062,386       GBP        187,897         

Bank of Montreal

    4/7/2021       1,962,301       USD       16,477,141       SEK        71,900         

Bank of Montreal

    4/8/2021       19,046,027       DKK       3,009,919       USD               (48

Bank of Montreal

    4/8/2021       20,340,231       HKD       2,616,268       USD        33         

Bank of Montreal

    4/8/2021       422,724       NOK       49,520       USD        1         

Bank of Montreal

    4/8/2021       3,009,919       USD       18,429,888       DKK        97,418         

Bank of Montreal

    4/8/2021       2,616,268       USD       20,295,118       HKD        5,770         

Bank of Montreal

    4/8/2021       49,520       USD       426,478       NOK               (440

Bank of Montreal

    5/5/2021       7,192,066       USD       9,441,244       AUD        42         

Bank of Montreal

    5/5/2021       6,305,557       USD       5,929,998       CHF               (230

Bank of Montreal

    5/5/2021       2,998,436       USD       18,965,204       DKK               (25

Bank of Montreal

    5/5/2021       14,865,078       USD       12,640,781       EUR               (545

Bank of Montreal

    5/5/2021       2,738,639       USD       21,290,889       HKD               (160

Bank of Montreal

    5/5/2021       90,118       USD       300,529       ILS               (29

Bank of Montreal

    5/5/2021       55,259       USD       471,715       NOK               (2

Bank of Montreal

    5/5/2021       2,097,079       USD       18,274,269       SEK               (54

Bank of Montreal

    5/5/2021       251,143       USD       337,508       SGD               (15

Bank of Montreal

    5/6/2021       14,147,888       USD       10,253,482       GBP               (282

Bank of Montreal

    5/10/2021       12,268,914       USD       1,355,269,635       JPY               (395

Canadian Imperial Bank of Commerce

    4/5/2021       269,924       ILS       80,944       USD        1         

Canadian Imperial Bank of Commerce

    4/5/2021       1,340,993,259       JPY       12,135,444       USD        637         

Canadian Imperial Bank of Commerce

    4/5/2021       80,944       USD       268,051       ILS        561         

Canadian Imperial Bank of Commerce

    4/5/2021       12,135,444       USD       1,292,468,473       JPY        438,516         

Canadian Imperial Bank of Commerce

    4/6/2021       333,629       SGD       248,310       USD               (1

Canadian Imperial Bank of Commerce

    4/6/2021       248,310       USD       330,218       SGD        2,541         

Canadian Imperial Bank of Commerce

    4/7/2021       10,336,464       AUD       7,872,768       USD        59         

Canadian Imperial Bank of Commerce

    4/7/2021       5,546,922       CHF       5,893,770       USD        161         

Canadian Imperial Bank of Commerce

    4/7/2021       11,994,298       EUR       14,096,539       USD        644         

Canadian Imperial Bank of Commerce

    4/7/2021       10,198,608       GBP       14,071,019       USD        48         

Canadian Imperial Bank of Commerce

    4/7/2021       17,104,004       SEK       1,962,301       USD        19         

Canadian Imperial Bank of Commerce

    4/7/2021       7,872,768       USD       10,168,251       AUD        128,062         

Canadian Imperial Bank of Commerce

    4/7/2021       5,893,770       USD       5,330,443       CHF        229,860         

Canadian Imperial Bank of Commerce

    4/7/2021       14,096,539       USD       11,604,573       EUR        457,409         

Canadian Imperial Bank of Commerce

    4/7/2021       14,071,019       USD       10,062,371       GBP        187,917         

Canadian Imperial Bank of Commerce

    4/7/2021       1,962,301       USD       16,477,186       SEK        71,895         

Canadian Imperial Bank of Commerce

    4/8/2021       19,046,617       DKK       3,009,919       USD        45         

Canadian Imperial Bank of Commerce

    4/8/2021       20,340,045       HKD       2,616,268       USD        9         

Canadian Imperial Bank of Commerce

    4/8/2021       422,720       NOK       49,520       USD        0 ^        

Canadian Imperial Bank of Commerce

    4/8/2021       3,009,919       USD       18,430,547       DKK        97,314         

Canadian Imperial Bank of Commerce

    4/8/2021       2,616,268       USD       20,294,365       HKD        5,867         

Canadian Imperial Bank of Commerce

    4/8/2021       49,520       USD       426,493       NOK               (442

Canadian Imperial Bank of Commerce

    5/5/2021       7,192,066       USD       9,441,504       AUD               (156

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

Canadian Imperial Bank of Commerce

    5/5/2021       6,305,557       USD       5,930,061       CHF      $      $ (297

Canadian Imperial Bank of Commerce

    5/5/2021       2,998,436       USD       18,965,917       DKK               (138

Canadian Imperial Bank of Commerce

    5/5/2021       14,865,078       USD       12,641,232       EUR               (1,076

Canadian Imperial Bank of Commerce

    5/5/2021       2,738,639       USD       21,290,070       HKD               (55

Canadian Imperial Bank of Commerce

    5/5/2021       90,118       USD       300,460       ILS               (8

Canadian Imperial Bank of Commerce

    5/5/2021       55,259       USD       471,712       NOK               (2

Canadian Imperial Bank of Commerce

    5/5/2021       2,097,079       USD       18,274,303       SEK               (58

Canadian Imperial Bank of Commerce

    5/5/2021       251,143       USD       337,491       SGD               (2

Canadian Imperial Bank of Commerce

    5/6/2021       14,147,888       USD       10,253,356       GBP               (107

Canadian Imperial Bank of Commerce

    5/10/2021       12,268,914       USD       1,355,349,383       JPY               (1,116

Citibank N.A.

    4/5/2021       269,913       ILS       80,944       USD               (3

Citibank N.A.

    4/5/2021       1,340,920,447       JPY       12,135,444       USD               (22

Citibank N.A.

    4/5/2021       80,944       USD       268,014       ILS        572         

Citibank N.A.

    4/5/2021       12,135,444       USD       1,292,404,155       JPY        439,098         

Citibank N.A.

    4/6/2021       333,620       SGD       248,310       USD               (8

Citibank N.A.

    4/6/2021       248,310       USD       330,226       SGD        2,534         

Citibank N.A.

    4/7/2021       10,336,044       AUD       7,872,768       USD               (261

Citibank N.A.

    4/7/2021       5,546,821       CHF       5,893,770       USD        55         

Citibank N.A.

    4/7/2021       11,993,768       EUR       14,096,539       USD        21         

Citibank N.A.

    4/7/2021       10,198,667       GBP       14,071,019       USD        130         

Citibank N.A.

    4/7/2021       17,103,967       SEK       1,962,301       USD        15         

Citibank N.A.

    4/7/2021       7,872,768       USD       10,168,014       AUD        128,242         

Citibank N.A.

    4/7/2021       5,893,770       USD       5,330,243       CHF        230,073         

Citibank N.A.

    4/7/2021       14,096,539       USD       11,604,220       EUR        457,824         

Citibank N.A.

    4/7/2021       14,071,019       USD       10,062,429       GBP        187,838         

Citibank N.A.

    4/7/2021       1,962,301       USD       16,477,296       SEK        71,882         

Citibank N.A.

    4/8/2021       19,046,123       DKK       3,009,919       USD               (33

Citibank N.A.

    4/8/2021       20,339,406       HKD       2,616,268       USD               (73

Citibank N.A.

    4/8/2021       422,721       NOK       49,520       USD        0 ^        

Citibank N.A.

    4/8/2021       3,009,919       USD       18,429,909       DKK        97,414         

Citibank N.A.

    4/8/2021       2,616,268       USD       20,296,154       HKD        5,637         

Citibank N.A.

    4/8/2021       49,520       USD       426,473       NOK               (440

Citibank N.A.

    5/5/2021       7,192,066       USD       9,441,368       AUD               (52

Citibank N.A.

    5/5/2021       6,305,557       USD       5,929,941       CHF               (170

Citibank N.A.

    5/5/2021       2,998,436       USD       18,966,142       DKK               (173

Citibank N.A.

    5/5/2021       14,865,078       USD       12,640,888       EUR               (671

Citibank N.A.

    5/5/2021       2,738,639       USD       21,289,730       HKD               (11

Citibank N.A.

    5/5/2021       90,118       USD       300,438       ILS               (2

Citibank N.A.

    5/5/2021       55,259       USD       471,710       NOK               (1

Citibank N.A.

    5/5/2021       2,097,079       USD       18,274,466       SEK               (76

Citibank N.A.

    5/5/2021       251,143       USD       337,485       SGD        2         

Citibank N.A.

    5/6/2021       14,147,888       USD       10,253,512       GBP               (323

Citibank N.A.

    5/10/2021       12,268,914       USD       1,355,294,173       JPY               (617

Commonwealth Bank of Australia

    4/5/2021       269,924       ILS       80,944       USD        1         

Commonwealth Bank of Australia

    4/5/2021       1,341,006,608       JPY       12,135,444       USD        758         

Commonwealth Bank of Australia

    4/6/2021       333,629       SGD       248,310       USD               (1

Commonwealth Bank of Australia

    4/7/2021       10,336,464       AUD       7,872,768       USD        59         

Commonwealth Bank of Australia

    4/7/2021       5,546,922       CHF       5,893,770       USD        161         

Commonwealth Bank of Australia

    4/7/2021       11,994,349       EUR       14,096,539       USD        704         

Commonwealth Bank of Australia

    4/7/2021       10,198,608       GBP       14,071,019       USD        48         

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

Commonwealth Bank of Australia

    4/7/2021       17,104,004       SEK       1,962,301       USD      $ 19      $  

Commonwealth Bank of Australia

    4/8/2021       19,046,617       DKK       3,009,919       USD        45         

Commonwealth Bank of Australia

    4/8/2021       20,340,045       HKD       2,616,268       USD        9         

Commonwealth Bank of Australia

    4/8/2021       422,720       NOK       49,520       USD        0 ^        

Commonwealth Bank of Australia

    5/5/2021       7,192,066       USD       9,441,504       AUD               (156

Commonwealth Bank of Australia

    5/5/2021       6,305,557       USD       5,930,061       CHF               (297

Commonwealth Bank of Australia

    5/5/2021       2,998,436       USD       18,965,857       DKK               (128

Commonwealth Bank of Australia

    5/5/2021       14,865,078       USD       12,641,200       EUR               (1,038

Commonwealth Bank of Australia

    5/5/2021       2,738,639       USD       21,290,043       HKD               (51

Commonwealth Bank of Australia

    5/5/2021       90,118       USD       300,444       ILS               (4

Commonwealth Bank of Australia

    5/5/2021       55,259       USD       471,712       NOK               (1

Commonwealth Bank of Australia

    5/5/2021       2,097,079       USD       18,274,156       SEK               (41

Commonwealth Bank of Australia

    5/5/2021       251,143       USD       337,491       SGD               (2

Commonwealth Bank of Australia

    5/6/2021       14,147,888       USD       10,253,356       GBP               (107

Commonwealth Bank of Australia

    5/10/2021       12,268,914       USD       1,355,342,022       JPY               (1,050

Credit Suisse International

    4/5/2021       269,929       ILS       80,944       USD        2         

Credit Suisse International

    4/5/2021       1,340,893,749       JPY       12,135,444       USD               (264

Credit Suisse International

    4/5/2021       80,944       USD       268,025       ILS        569         

Credit Suisse International

    4/5/2021       12,135,444       USD       1,292,518,228       JPY        438,065         

Credit Suisse International

    4/6/2021       333,634       SGD       248,310       USD        2         

Credit Suisse International

    4/6/2021       248,310       USD       330,244       SGD        2,521         

Credit Suisse International

    4/7/2021       10,335,528       AUD       7,872,768       USD               (654

Credit Suisse International

    4/7/2021       5,546,592       CHF       5,893,770       USD               (190

Credit Suisse International

    4/7/2021       11,993,727       EUR       14,096,539       USD               (27

Credit Suisse International

    4/7/2021       10,198,489       GBP       14,071,019       USD               (115

Credit Suisse International

    4/7/2021       17,104,138       SEK       1,962,301       USD        35         

Credit Suisse International

    4/7/2021       7,872,768       USD       10,169,025       AUD        127,472         

Credit Suisse International

    4/7/2021       5,893,770       USD       5,330,485       CHF        229,816         

Credit Suisse International

    4/7/2021       14,096,539       USD       11,604,602       EUR        457,375         

Credit Suisse International

    4/7/2021       14,071,019       USD       10,063,199       GBP        186,775         

Credit Suisse International

    4/7/2021       1,962,301       USD       16,477,854       SEK        71,818         

Credit Suisse International

    4/8/2021       19,045,539       DKK       3,009,919       USD               (125

Credit Suisse International

    4/8/2021       20,340,801       HKD       2,616,268       USD        106         

Credit Suisse International

    4/8/2021       422,726       NOK       49,520       USD        1         

Credit Suisse International

    4/8/2021       3,009,919       USD       18,429,725       DKK        97,443         

Credit Suisse International

    4/8/2021       2,616,268       USD       20,295,275       HKD        5,750         

Credit Suisse International

    4/8/2021       49,520       USD       426,475       NOK               (440

Credit Suisse International

    5/5/2021       7,192,066       USD       9,441,765       AUD               (354

Credit Suisse International

    5/5/2021       6,305,557       USD       5,930,212       CHF               (458

Credit Suisse International

    5/5/2021       2,998,436       USD       18,965,683       DKK               (101

Credit Suisse International

    5/5/2021       14,865,078       USD       12,641,759       EUR               (1,695

Credit Suisse International

    5/5/2021       2,738,639       USD       21,291,108       HKD               (188

Credit Suisse International

    5/5/2021       90,118       USD       300,468       ILS               (11

Credit Suisse International

    5/5/2021       55,259       USD       471,721       NOK               (3

Credit Suisse International

    5/5/2021       2,097,079       USD       18,274,823       SEK               (117

Credit Suisse International

    5/5/2021       251,143       USD       337,528       SGD               (29

Credit Suisse International

    5/6/2021       14,147,888       USD       10,253,980       GBP               (969

Credit Suisse International

    5/10/2021       12,268,914       USD       1,355,381,282       JPY               (1,405

Goldman Sachs

    4/5/2021       269,928       ILS       80,944       USD        2         

Goldman Sachs

    4/5/2021       1,340,949,572       JPY       12,135,444       USD        242         

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

Goldman Sachs

    4/5/2021       80,944       USD       268,018       ILS      $ 571      $  

Goldman Sachs

    4/5/2021       12,135,444       USD       1,292,419,931       JPY        438,955         

Goldman Sachs

    4/6/2021       333,637       SGD       248,310       USD        4         

Goldman Sachs

    4/6/2021       248,310       USD       330,233       SGD        2,529         

Goldman Sachs

    4/7/2021       10,336,234       AUD       7,872,768       USD               (117

Goldman Sachs

    4/7/2021       5,546,851       CHF       5,893,770       USD        86         

Goldman Sachs

    4/7/2021       11,993,982       EUR       14,096,539       USD        272         

Goldman Sachs

    4/7/2021       10,198,770       GBP       14,071,019       USD        273         

Goldman Sachs

    4/7/2021       17,104,108       SEK       1,962,301       USD        31         

Goldman Sachs

    4/7/2021       7,872,768       USD       10,167,857       AUD        128,362         

Goldman Sachs

    4/7/2021       5,893,770       USD       5,330,178       CHF        230,142         

Goldman Sachs

    4/7/2021       14,096,539       USD       11,604,114       EUR        457,948         

Goldman Sachs

    4/7/2021       14,071,019       USD       10,062,429       GBP        187,838         

Goldman Sachs

    4/7/2021       1,962,301       USD       16,477,228       SEK        71,890         

Goldman Sachs

    4/8/2021       19,046,051       DKK       3,009,919       USD               (45

Goldman Sachs

    4/8/2021       20,340,382       HKD       2,616,268       USD        52         

Goldman Sachs

    4/8/2021       422,726       NOK       49,520       USD        1         

Goldman Sachs

    4/8/2021       3,009,919       USD       18,429,647       DKK        97,456         

Goldman Sachs

    4/8/2021       2,616,268       USD       20,295,288       HKD        5,748         

Goldman Sachs

    4/8/2021       49,520       USD       426,467       NOK               (439

Goldman Sachs

    5/5/2021       7,192,066       USD       9,441,244       AUD        42         

Goldman Sachs

    5/5/2021       6,305,557       USD       5,929,929       CHF               (157

Goldman Sachs

    5/5/2021       2,998,436       USD       18,965,378       DKK               (52

Goldman Sachs

    5/5/2021       14,865,078       USD       12,640,673       EUR               (418

Goldman Sachs

    5/5/2021       2,738,639       USD       21,291,919       HKD               (293

Goldman Sachs

    5/5/2021       90,118       USD       300,446       ILS               (4

Goldman Sachs

    5/5/2021       55,259       USD       471,713       NOK               (2

Goldman Sachs

    5/5/2021       2,097,079       USD       18,274,271       SEK               (54

Goldman Sachs

    5/5/2021       251,143       USD       337,503       SGD               (11

Goldman Sachs

    5/6/2021       14,147,888       USD       10,253,549       GBP               (374

Goldman Sachs

    5/10/2021       12,268,914       USD       1,355,257,366       JPY               (283

HSBC Holdings PLC

    4/5/2021       269,915       ILS       80,944       USD               (2

HSBC Holdings PLC

    4/5/2021       1,340,939,864       JPY       12,135,444       USD        154         

HSBC Holdings PLC

    4/5/2021       80,944       USD       268,016       ILS        572         

HSBC Holdings PLC

    4/5/2021       12,135,444       USD       1,292,425,999       JPY        438,900         

HSBC Holdings PLC

    4/6/2021       333,631       SGD       248,310       USD               (0 )^ 

HSBC Holdings PLC

    4/6/2021       248,310       USD       330,220       SGD        2,539         

HSBC Holdings PLC

    4/7/2021       10,336,193       AUD       7,872,768       USD               (148

HSBC Holdings PLC

    4/7/2021       5,546,816       CHF       5,893,770       USD        48         

HSBC Holdings PLC

    4/7/2021       11,993,880       EUR       14,096,539       USD        153         

HSBC Holdings PLC

    4/7/2021       10,198,719       GBP       14,071,019       USD        201         

HSBC Holdings PLC

    4/7/2021       17,104,024       SEK       1,962,301       USD        22         

HSBC Holdings PLC

    4/7/2021       7,872,768       USD       10,167,830       AUD        128,382         

HSBC Holdings PLC

    4/7/2021       5,893,770       USD       5,330,196       CHF        230,123         

HSBC Holdings PLC

    4/7/2021       14,096,539       USD       11,604,086       EUR        457,982         

HSBC Holdings PLC

    4/7/2021       14,071,019       USD       10,062,350       GBP        187,947         

HSBC Holdings PLC

    4/7/2021       1,962,301       USD       16,477,222       SEK        71,891         

HSBC Holdings PLC

    4/8/2021       19,045,880       DKK       3,009,919       USD               (72

HSBC Holdings PLC

    4/8/2021       20,340,202       HKD       2,616,268       USD        29         

HSBC Holdings PLC

    4/8/2021       422,723       NOK       49,520       USD        0 ^        

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

HSBC Holdings PLC

    4/8/2021       3,009,919       USD       18,429,454       DKK      $ 97,486      $  

HSBC Holdings PLC

    4/8/2021       2,616,268       USD       20,294,302       HKD        5,875         

HSBC Holdings PLC

    4/8/2021       49,520       USD       426,472       NOK               (440

HSBC Holdings PLC

    5/5/2021       7,192,066       USD       9,441,319       AUD               (14

HSBC Holdings PLC

    5/5/2021       6,305,557       USD       5,930,030       CHF               (264

HSBC Holdings PLC

    5/5/2021       2,998,436       USD       18,965,737       DKK               (109

HSBC Holdings PLC

    5/5/2021       14,865,078       USD       12,640,749       EUR               (507

HSBC Holdings PLC

    5/5/2021       2,738,639       USD       21,290,180       HKD               (69

HSBC Holdings PLC

    5/5/2021       90,118       USD       300,485       ILS               (16

HSBC Holdings PLC

    5/5/2021       55,259       USD       471,711       NOK               (1

HSBC Holdings PLC

    5/5/2021       2,097,079       USD       18,274,240       SEK               (50

HSBC Holdings PLC

    5/5/2021       251,143       USD       337,499       SGD               (8

HSBC Holdings PLC

    5/6/2021       14,147,888       USD       10,253,579       GBP               (415

HSBC Holdings PLC

    5/10/2021       12,268,914       USD       1,355,291,719       JPY               (594

JP Morgan Chase Bank N.A.

    4/5/2021       269,928       ILS       80,944       USD        2         

JP Morgan Chase Bank N.A.

    4/5/2021       1,340,948,358       JPY       12,135,444       USD        231         

JP Morgan Chase Bank N.A.

    4/5/2021       80,944       USD       268,022       ILS        570         

JP Morgan Chase Bank N.A.

    4/5/2021       12,135,444       USD       1,292,444,202       JPY        438,735         

JP Morgan Chase Bank N.A.

    4/6/2021       333,635       SGD       248,310       USD        3         

JP Morgan Chase Bank N.A.

    4/6/2021       248,310       USD       330,221       SGD        2,538         

JP Morgan Chase Bank N.A.

    4/7/2021       10,336,179       AUD       7,872,768       USD               (158

JP Morgan Chase Bank N.A.

    4/7/2021       5,546,880       CHF       5,893,770       USD        117         

JP Morgan Chase Bank N.A.

    4/7/2021       11,993,962       EUR       14,096,539       USD        248         

JP Morgan Chase Bank N.A.

    4/7/2021       10,198,379       GBP       14,071,019       USD               (268

JP Morgan Chase Bank N.A.

    4/7/2021       17,104,153       SEK       1,962,301       USD        36         

JP Morgan Chase Bank N.A.

    4/7/2021       7,872,768       USD       10,167,791       AUD        128,412         

JP Morgan Chase Bank N.A.

    4/7/2021       5,893,770       USD       5,330,137       CHF        230,185         

JP Morgan Chase Bank N.A.

    4/7/2021       14,096,539       USD       11,604,296       EUR        457,735         

JP Morgan Chase Bank N.A.

    4/7/2021       14,071,019       USD       10,061,767       GBP        188,751         

JP Morgan Chase Bank N.A.

    4/7/2021       1,962,301       USD       16,476,974       SEK        71,919         

JP Morgan Chase Bank N.A.

    4/8/2021       19,045,654       DKK       3,009,919       USD               (107

JP Morgan Chase Bank N.A.

    4/8/2021       20,340,249       HKD       2,616,268       USD        35         

JP Morgan Chase Bank N.A.

    4/8/2021       422,717       NOK       49,520       USD               (0 )^ 

JP Morgan Chase Bank N.A.

    4/8/2021       3,009,919       USD       18,429,400       DKK        97,495         

JP Morgan Chase Bank N.A.

    4/8/2021       2,616,268       USD       20,294,553       HKD        5,843         

JP Morgan Chase Bank N.A.

    4/8/2021       49,520       USD       426,467       NOK               (439

JP Morgan Chase Bank N.A.

    5/5/2021       7,192,066       USD       9,441,281       AUD        14         

JP Morgan Chase Bank N.A.

    5/5/2021       6,305,557       USD       5,929,929       CHF               (157

JP Morgan Chase Bank N.A.

    5/5/2021       2,998,436       USD       18,964,916       DKK        21         

JP Morgan Chase Bank N.A.

    5/5/2021       14,865,078       USD       12,640,899       EUR               (684

JP Morgan Chase Bank N.A.

    5/5/2021       2,738,639       USD       21,290,147       HKD               (65

JP Morgan Chase Bank N.A.

    5/5/2021       90,118       USD       300,446       ILS               (4

JP Morgan Chase Bank N.A.

    5/5/2021       55,259       USD       471,697       NOK        0 ^        

JP Morgan Chase Bank N.A.

    5/5/2021       2,097,079       USD       18,274,288       SEK               (56

JP Morgan Chase Bank N.A.

    5/5/2021       251,143       USD       337,496       SGD               (6

JP Morgan Chase Bank N.A.

    5/6/2021       14,147,888       USD       10,252,955       GBP        446         

JP Morgan Chase Bank N.A.

    5/10/2021       12,268,914       USD       1,355,297,853       JPY               (650

Morgan Stanley & Co. International

    4/5/2021       269,930       ILS       80,944       USD        3         

Morgan Stanley & Co. International

    4/5/2021       1,340,951,999       JPY       12,135,444       USD        264         

Morgan Stanley & Co. International

    4/5/2021       80,944       USD       268,006       ILS        575         

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

Morgan Stanley & Co. International

    4/5/2021       12,135,444       USD       1,292,487,890       JPY      $ 438,340      $  

Morgan Stanley & Co. International

    4/6/2021       333,654       SGD       248,310       USD        17         

Morgan Stanley & Co. International

    4/6/2021       248,310       USD       330,245       SGD        2,520         

Morgan Stanley & Co. International

    4/7/2021       10,335,650       AUD       7,872,768       USD               (561

Morgan Stanley & Co. International

    4/7/2021       5,547,040       CHF       5,893,770       USD        286         

Morgan Stanley & Co. International

    4/7/2021       11,993,992       EUR       14,096,539       USD        284         

Morgan Stanley & Co. International

    4/7/2021       10,197,795       GBP       14,071,019       USD               (1,073

Morgan Stanley & Co. International

    4/7/2021       17,104,456       SEK       1,962,301       USD        71         

Morgan Stanley & Co. International

    4/7/2021       7,872,768       USD       10,169,039       AUD        127,462         

Morgan Stanley & Co. International

    4/7/2021       5,893,770       USD       5,329,677       CHF        230,674         

Morgan Stanley & Co. International

    4/7/2021       14,096,539       USD       11,605,051       EUR        456,848         

Morgan Stanley & Co. International

    4/7/2021       14,071,019       USD       10,062,012       GBP        188,414         

Morgan Stanley & Co. International

    4/7/2021       1,962,301       USD       16,477,500       SEK        71,859         

Morgan Stanley & Co. International

    4/8/2021       19,045,563       DKK       3,009,919       USD               (122

Morgan Stanley & Co. International

    4/8/2021       20,340,620       HKD       2,616,268       USD        83         

Morgan Stanley & Co. International

    4/8/2021       422,732       NOK       49,520       USD        1         

Morgan Stanley & Co. International

    4/8/2021       3,009,919       USD       18,428,711       DKK        97,604         

Morgan Stanley & Co. International

    4/8/2021       2,616,268       USD       20,294,783       HKD        5,813         

Morgan Stanley & Co. International

    4/8/2021       49,520       USD       426,462       NOK               (438

Morgan Stanley & Co. International

    5/5/2021       7,192,066       USD       9,440,761       AUD        410         

Morgan Stanley & Co. International

    5/5/2021       6,305,557       USD       5,930,187       CHF               (431

Morgan Stanley & Co. International

    5/5/2021       2,998,436       USD       18,964,748       DKK        47         

Morgan Stanley & Co. International

    5/5/2021       14,865,078       USD       12,640,910       EUR               (696

Morgan Stanley & Co. International

    5/5/2021       2,738,639       USD       21,290,645       HKD               (129

Morgan Stanley & Co. International

    5/5/2021       90,118       USD       300,445       ILS               (4

Morgan Stanley & Co. International

    5/5/2021       55,259       USD       471,720       NOK               (2

Morgan Stanley & Co. International

    5/5/2021       2,097,079       USD       18,274,785       SEK               (113

Morgan Stanley & Co. International

    5/5/2021       251,143       USD       337,524       SGD               (26

Morgan Stanley & Co. International

    5/6/2021       14,147,888       USD       10,252,613       GBP        918         

Morgan Stanley & Co. International

    5/10/2021       12,268,914       USD       1,355,283,131       JPY               (517

Royal Bank of Canada

    4/5/2021       347,062       ILS       104,078       USD               (1

Royal Bank of Canada

    4/5/2021       1,724,034,131       JPY       15,602,726       USD               (99

Royal Bank of Canada

    4/5/2021       80,944       USD       268,035       ILS        566         

Royal Bank of Canada

    4/5/2021       104,078       USD       344,640       ILS        728         

Royal Bank of Canada

    4/5/2021       15,602,726       USD       1,661,657,553       JPY        564,611         

Royal Bank of Canada

    4/5/2021       12,135,444       USD       1,292,399,301       JPY        439,142         

Royal Bank of Canada

    4/6/2021       428,966       SGD       319,267       USD               (2

Royal Bank of Canada

    4/6/2021       248,310       USD       330,215       SGD        2,542         

Royal Bank of Canada

    4/6/2021       319,267       USD       424,577       SGD        3,269         

Royal Bank of Canada

    4/7/2021       13,289,610       AUD       10,122,138       USD               (30

Royal Bank of Canada

    4/7/2021       7,131,572       CHF       7,577,718       USD               (2

Royal Bank of Canada

    4/7/2021       15,420,522       EUR       18,124,125       USD               (20

Royal Bank of Canada

    4/7/2021       13,112,484       GBP       18,091,321       USD        36         

Royal Bank of Canada

    4/7/2021       21,990,534       SEK       2,522,967       USD               (22

Royal Bank of Canada

    4/7/2021       7,872,768       USD       10,167,988       AUD        128,262         

Royal Bank of Canada

    4/7/2021       10,122,138       USD       13,073,137       AUD        164,908         

Royal Bank of Canada

    4/7/2021       7,577,718       USD       6,853,197       CHF        295,792         

Royal Bank of Canada

    4/7/2021       5,893,770       USD       5,330,255       CHF        230,060         

Royal Bank of Canada

    4/7/2021       18,124,125       USD       14,919,554       EUR        588,819         

Royal Bank of Canada

    4/7/2021       14,096,539       USD       11,604,095       EUR        457,970         

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

Royal Bank of Canada

    4/7/2021       14,071,019       USD       10,062,371       GBP      $ 187,917      $  

Royal Bank of Canada

    4/7/2021       18,091,321       USD       12,937,343       GBP        241,608         

Royal Bank of Canada

    4/7/2021       1,962,301       USD       16,476,835       SEK        71,935         

Royal Bank of Canada

    4/7/2021       2,522,967       USD       21,184,574       SEK        92,488         

Royal Bank of Canada

    4/8/2021       24,488,026       DKK       3,869,909       USD               (32

Royal Bank of Canada

    4/8/2021       26,151,302       HKD       3,363,781       USD               (20

Royal Bank of Canada

    4/8/2021       543,606       NOK       63,682       USD               (1

Royal Bank of Canada

    4/8/2021       3,869,909       USD       23,695,646       DKK        125,252         

Royal Bank of Canada

    4/8/2021       3,009,919       USD       18,429,885       DKK        97,418         

Royal Bank of Canada

    4/8/2021       3,363,781       USD       26,092,348       HKD        7,603         

Royal Bank of Canada

    4/8/2021       2,616,268       USD       20,294,001       HKD        5,914         

Royal Bank of Canada

    4/8/2021       49,520       USD       426,484       NOK               (441

Royal Bank of Canada

    4/8/2021       63,682       USD       548,452       NOK               (567

Royal Bank of Canada

    5/5/2021       9,246,952       USD       12,138,915       AUD               (67

Royal Bank of Canada

    5/5/2021       8,107,152       USD       7,624,087       CHF               (81

Royal Bank of Canada

    5/5/2021       3,855,141       USD       24,384,742       DKK               (166

Royal Bank of Canada

    5/5/2021       19,112,247       USD       16,252,325       EUR               (570

Royal Bank of Canada

    5/5/2021       3,521,116       USD       27,372,952       HKD               (62

Royal Bank of Canada

    5/5/2021       115,874       USD       386,340       ILS               (13

Royal Bank of Canada

    5/5/2021       71,053       USD       606,542       NOK               (3

Royal Bank of Canada

    5/5/2021       2,696,245       USD       23,495,268       SEK               (43

Royal Bank of Canada

    5/5/2021       322,910       USD       433,940       SGD               (8

Royal Bank of Canada

    5/6/2021       18,190,147       USD       13,182,899       GBP               (151

Royal Bank of Canada

    5/10/2021       15,774,332       USD       1,742,492,655       JPY               (522

Societe Generale

    4/5/2021       269,928       ILS       80,944       USD        2         

Societe Generale

    4/5/2021       1,340,990,832       JPY       12,135,444       USD        615         

Societe Generale

    4/5/2021       80,944       USD       268,039       ILS        565         

Societe Generale

    4/5/2021       12,135,444       USD       1,292,485,463       JPY        438,362         

Societe Generale

    4/6/2021       333,632       SGD       248,310       USD        1         

Societe Generale

    4/6/2021       248,310       USD       330,213       SGD        2,544         

Societe Generale

    4/7/2021       10,336,057       AUD       7,872,768       USD               (251

Societe Generale

    4/7/2021       5,546,922       CHF       5,893,770       USD        161         

Societe Generale

    4/7/2021       11,994,043       EUR       14,096,539       USD        344         

Societe Generale

    4/7/2021       10,198,593       GBP       14,071,019       USD        28         

Societe Generale

    4/7/2021       17,104,730       SEK       1,962,301       USD        103         

Societe Generale

    4/7/2021       7,872,768       USD       10,168,119       AUD        128,162         

Societe Generale

    4/7/2021       5,893,770       USD       5,330,208       CHF        230,110         

Societe Generale

    4/7/2021       14,096,539       USD       11,604,286       EUR        457,746         

Societe Generale

    4/7/2021       14,071,019       USD       10,062,228       GBP        188,116         

Societe Generale

    4/7/2021       1,962,301       USD       16,476,794       SEK        71,940         

Societe Generale

    4/8/2021       19,046,647       DKK       3,009,919       USD        50         

Societe Generale

    4/8/2021       20,340,516       HKD       2,616,268       USD        69         

Societe Generale

    4/8/2021       422,092       NOK       49,520       USD               (73

Societe Generale

    4/8/2021       3,009,919       USD       18,427,928       DKK        97,727         

Societe Generale

    4/8/2021       2,616,268       USD       20,294,155       HKD        5,894         

Societe Generale

    4/8/2021       49,520       USD       426,473       NOK               (440

Societe Generale

    5/5/2021       7,192,066       USD       9,441,257       AUD        33         

Societe Generale

    5/5/2021       6,305,557       USD       5,929,998       CHF               (230

Societe Generale

    5/5/2021       2,998,436       USD       18,966,157       DKK               (175

Societe Generale

    5/5/2021       14,865,078       USD       12,641,071       EUR               (886

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

Societe Generale

    5/5/2021       2,738,639       USD       21,290,618       HKD      $      $ (125

Societe Generale

    5/5/2021       90,118       USD       300,450       ILS               (5

Societe Generale

    5/5/2021       55,259       USD       471,004       NOK        81         

Societe Generale

    5/5/2021       2,097,079       USD       18,274,806       SEK               (115

Societe Generale

    5/5/2021       251,143       USD       337,491       SGD               (2

Societe Generale

    5/6/2021       14,147,888       USD       10,253,504       GBP               (312

Societe Generale

    5/10/2021       12,268,914       USD       1,355,322,391       JPY               (872

Standard Chartered Bank

    4/5/2021       269,920       ILS       80,944       USD               (1

Standard Chartered Bank

    4/5/2021       1,340,905,884       JPY       12,135,444       USD               (154

Standard Chartered Bank

    4/5/2021       80,944       USD       268,037       ILS        565         

Standard Chartered Bank

    4/5/2021       12,135,444       USD       1,292,546,140       JPY        437,813         

Standard Chartered Bank

    4/6/2021       333,629       SGD       248,310       USD               (2

Standard Chartered Bank

    4/6/2021       248,310       USD       330,216       SGD        2,541         

Standard Chartered Bank

    4/7/2021       10,335,691       AUD       7,872,768       USD               (530

Standard Chartered Bank

    4/7/2021       5,546,763       CHF       5,893,770       USD               (8

Standard Chartered Bank

    4/7/2021       11,993,482       EUR       14,096,539       USD               (315

Standard Chartered Bank

    4/7/2021       10,198,194       GBP       14,071,019       USD               (523

Standard Chartered Bank

    4/7/2021       17,103,781       SEK       1,962,301       USD               (6

Standard Chartered Bank

    4/7/2021       7,872,768       USD       10,167,646       AUD        128,522         

Standard Chartered Bank

    4/7/2021       5,893,770       USD       5,330,249       CHF        230,066         

Standard Chartered Bank

    4/7/2021       14,096,539       USD       11,604,745       EUR        457,207         

Standard Chartered Bank

    4/7/2021       14,071,019       USD       10,062,163       GBP        188,205         

Standard Chartered Bank

    4/7/2021       1,962,301       USD       16,477,088       SEK        71,906         

Standard Chartered Bank

    4/8/2021       19,046,235       DKK       3,009,919       USD               (16

Standard Chartered Bank

    4/8/2021       20,339,940       HKD       2,616,268       USD               (5

Standard Chartered Bank

    4/8/2021       422,718       NOK       49,520       USD               (0 )^ 

Standard Chartered Bank

    4/8/2021       3,009,919       USD       18,430,487       DKK        97,323         

Standard Chartered Bank

    4/8/2021       2,616,268       USD       20,293,980       HKD        5,916         

Standard Chartered Bank

    4/8/2021       49,520       USD       426,478       NOK               (440

Standard Chartered Bank

    5/5/2021       7,192,066       USD       9,441,988       AUD               (524

Standard Chartered Bank

    5/5/2021       6,305,557       USD       5,929,828       CHF               (49

Standard Chartered Bank

    5/5/2021       2,998,436       USD       18,966,187       DKK               (180

Standard Chartered Bank

    5/5/2021       14,865,078       USD       12,641,673       EUR               (1,594

Standard Chartered Bank

    5/5/2021       2,738,639       USD       21,289,865       HKD               (28

Standard Chartered Bank

    5/5/2021       90,118       USD       300,446       ILS               (4

Standard Chartered Bank

    5/5/2021       55,259       USD       471,706       NOK               (1

Standard Chartered Bank

    5/5/2021       2,097,079       USD       18,274,083       SEK               (32

Standard Chartered Bank

    5/5/2021       251,143       USD       337,503       SGD               (11

Standard Chartered Bank

    5/6/2021       14,147,888       USD       10,253,683       GBP               (559

Standard Chartered Bank

    5/10/2021       12,268,914       USD       1,355,402,139       JPY               (1,594

UBS AG

    4/5/2021       269,919       ILS       80,944       USD               (1

UBS AG

    4/5/2021       1,340,911,952       JPY       12,135,444       USD               (99

UBS AG

    4/5/2021       80,944       USD       268,101       ILS        546         

UBS AG

    4/5/2021       12,135,444       USD       1,292,424,786       JPY        438,911         

UBS AG

    4/6/2021       333,634       SGD       248,310       USD        2         

UBS AG

    4/6/2021       248,310       USD       330,285       SGD        2,491         

UBS AG

    4/7/2021       10,336,261       AUD       7,872,768       USD               (96

UBS AG

    4/7/2021       5,546,739       CHF       5,893,770       USD               (33

UBS AG

    4/7/2021       11,993,706       EUR       14,096,539       USD               (51

UBS AG

    4/7/2021       10,198,667       GBP       14,071,019       USD        130         

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2021

 

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

UBS AG

    4/7/2021       17,103,971       SEK       1,962,301       USD      $ 15      $  

UBS AG

    4/7/2021       7,872,768       USD       10,167,857       AUD        128,362         

UBS AG

    4/7/2021       5,893,770       USD       5,330,502       CHF        229,797         

UBS AG

    4/7/2021       14,096,539       USD       11,604,334       EUR        457,690         

UBS AG

    4/7/2021       14,071,019       USD       10,062,443       GBP        187,818         

UBS AG

    4/7/2021       1,962,301       USD       16,477,304       SEK        71,881         

UBS AG

    4/8/2021       19,046,138       DKK       3,009,919       USD               (31

UBS AG

    4/8/2021       20,340,121       HKD       2,616,268       USD        18         

UBS AG

    4/8/2021       422,723       NOK       49,520       USD        0 ^        

UBS AG

    4/8/2021       3,009,919       USD       18,431,058       DKK        97,233         

UBS AG

    4/8/2021       2,616,268       USD       20,294,443       HKD        5,857         

UBS AG

    4/8/2021       49,520       USD       426,499       NOK               (443

UBS AG

    5/5/2021       7,192,066       USD       9,441,294       AUD        4         

UBS AG

    5/5/2021       6,305,557       USD       5,930,118       CHF               (358

UBS AG

    5/5/2021       2,998,436       USD       18,965,653       DKK               (96

UBS AG

    5/5/2021       14,865,078       USD       12,640,931       EUR               (722

UBS AG

    5/5/2021       2,738,639       USD       21,290,267       HKD               (80

UBS AG

    5/5/2021       90,118       USD       300,503       ILS               (21

UBS AG

    5/5/2021       55,259       USD       471,706       NOK               (1

UBS AG

    5/5/2021       2,097,079       USD       18,274,213       SEK               (47

UBS AG

    5/5/2021       251,143       USD       337,495       SGD               (5

UBS AG

    5/6/2021       14,147,888       USD       10,253,475       GBP               (271

UBS AG

    5/10/2021       12,268,914       USD       1,355,299,080       JPY               (661
                                             $ 23,168,001      $ (50,265

 

^ 

Amount represents less than $1.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 886,677,822      $      $      $ 886,677,822  

Exchange-Traded Fund

     1,615,390                      1,615,390  

Investment of Cash Collateral for Securities Loaned

            13,942,780               13,942,780  

Total Investments in Securities

   $ 888,293,212      $ 13,942,780      $      $ 902,235,992  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ 23,168,001      $      $ 23,168,001  

Liabilities:

 

     

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (50,265    $      $ (50,265

Total – Net

   $ 888,293,212      $ 37,060,516      $      $ 925,353,728  

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.4%

 

Japan – 98.4%

 

Air Freight & Logistics – 0.1%

 

Kintetsu World Express, Inc.

     23,200      $ 603,200  

Mitsui-Soko Holdings Co., Ltd.

     14,700        288,413  
     

 

 

 
Total Air Freight & Logistics               891,613  
Auto Components – 4.8%

 

Aisin Seiki Co., Ltd.(a)

     133,708        5,082,114  

Bridgestone Corp.

     479,285        19,409,958  

Daikyonishikawa Corp.(a)

     80,700        565,265  

Denso Corp.

     387,279        25,749,673  

Eagle Industry Co., Ltd.

     42,200        455,225  

Exedy Corp.

     46,000        696,453  

FCC Co., Ltd.

     26,500        445,584  

G-Tekt Corp.

     25,600        348,206  

JTEKT Corp.

     273,078        2,792,562  

Koito Manufacturing Co., Ltd.(a)

     24,201        1,625,081  

Musashi Seimitsu Industry Co., Ltd.

     19,600        335,062  

NGK Spark Plug Co., Ltd.(a)

     113,564        1,963,989  

NHK Spring Co., Ltd.(a)

     61,200        459,692  

Nifco, Inc.(a)

     41,990        1,533,300  

NOK Corp.

     58,100        789,214  

Pacific Industrial Co., Ltd.

     26,000        299,059  

Shoei Co., Ltd.

     14,000        577,738  

Stanley Electric Co., Ltd.

     35,507        1,058,783  

Sumitomo Electric Industries Ltd.

     377,083        5,657,951  

Sumitomo Riko Co., Ltd.

     54,000        348,434  

Sumitomo Rubber Industries Ltd.

     141,091        1,666,278  

Tokai Rika Co., Ltd.

     59,114        1,003,601  

Topre Corp.

     25,600        361,644  

Toyo Tire Corp.

     78,500        1,390,977  

Toyoda Gosei Co., Ltd.(a)

     42,800        1,126,357  

Toyota Boshoku Corp.(a)

     80,736        1,337,076  

TPR Co., Ltd.

     25,594        371,750  

TS Tech Co., Ltd.

     62,864        938,124  

Yokohama Rubber Co., Ltd. (The)

     121,800        2,182,480  
     

 

 

 
Total Auto Components               80,571,630  
Automobiles – 8.1%

 

Honda Motor Co., Ltd.

     976,947        29,343,775  

Isuzu Motors Ltd.

     456,800        4,915,251  

Subaru Corp.(a)

     374,367        7,467,012  

Suzuki Motor Corp.

     163,036        7,414,080  

Toyota Motor Corp.(a)

     1,050,570        81,915,938  

Yamaha Motor Co., Ltd.

     179,500        4,403,842  
     

 

 

 
Total Automobiles               135,459,898  
Banks – 10.9%

 

Mitsubishi UFJ Financial Group, Inc.

     14,167,122        75,861,412  

Mizuho Financial Group, Inc.(a)

     2,568,464        37,167,185  

Sumitomo Mitsui Financial Group, Inc.

     1,589,000        57,621,023  

Sumitomo Mitsui Trust Holdings, Inc.

     343,100        11,982,108  
     

 

 

 
Total Banks               182,631,728  
Beverages – 1.5%

 

Asahi Group Holdings Ltd.

     248,800      10,503,638  

Kirin Holdings Co., Ltd.

     524,345        10,062,204  

Suntory Beverage & Food Ltd.

     104,200        3,880,389  

Takara Holdings, Inc.(a)

     54,500        743,272  
     

 

 

 
Total Beverages               25,189,503  
Building Products – 1.9%

 

AGC, Inc.

     147,047        6,161,336  

Aica Kogyo Co., Ltd.

     50,500        1,823,484  

Central Glass Co., Ltd.

     23,200        494,653  

Daikin Industries Ltd.

     60,449        12,210,151  

Lixil Corp.

     169,300        4,711,290  

Nitto Boseki Co., Ltd.(a)

     7,100        258,620  

Noritz Corp.

     25,600        408,673  

Okabe Co., Ltd.

     16,000        112,941  

Sanwa Holdings Corp.

     170,831        2,240,128  

TOTO Ltd.

     57,200        3,520,000  
     

 

 

 
Total Building Products               31,941,276  
Capital Markets – 1.1%

 

Monex Group, Inc.(a)

     112,400        950,060  

Nomura Holdings, Inc.

     2,487,245        13,086,735  

SBI Holdings, Inc.

     159,900        4,341,177  

Sparx Group Co., Ltd.

     112,600        303,663  
     

 

 

 
Total Capital Markets               18,681,635  
Chemicals – 7.1%

 

ADEKA Corp.

     88,400        1,737,600  

Arakawa Chemical Industries Ltd.

     25,600        305,810  

Asahi Kasei Corp.

     844,222        9,737,203  

Chugoku Marine Paints Ltd.

     66,600        599,701  

Daicel Corp.(a)

     241,942        1,865,471  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     17,100        382,390  

Denka Co., Ltd.

     56,615        2,264,600  

DIC Corp.

     56,053        1,454,334  

Fujimi, Inc.

     22,000        859,095  

Fujimori Kogyo Co., Ltd.

     12,900        525,339  

Fuso Chemical Co., Ltd.

     11,000        404,661  

JCU Corp.

     12,500        471,719  

JSP Corp.(a)

     25,400        427,547  

JSR Corp.

     95,100        2,874,516  

Kaneka Corp.

     35,000        1,441,176  

Kansai Paint Co., Ltd.

     72,700        1,944,149  

KH Neochem Co., Ltd.

     9,400        238,020  

Kumiai Chemical Industry Co., Ltd.(a)

     25,600        232,601  

Kuraray Co., Ltd.

     261,837        2,992,761  

Kureha Corp.

     16,700        1,154,643  

Lintec Corp.

     64,547        1,462,676  

Mitsubishi Chemical Holdings Corp.

     1,040,963        7,818,056  

Mitsubishi Gas Chemical Co., Inc.

     132,782        3,261,270  

Mitsui Chemicals, Inc.

     126,815        4,011,026  

Moriroku Holdings Co., Ltd.

     26,000        531,294  

Nihon Parkerizing Co., Ltd.

     42,700        461,778  

Nippon Kayaku Co., Ltd.

     97,600        944,203  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

Nippon Paint Holdings Co., Ltd.(a)

     124,800      $ 1,801,412  

Nippon Sanso Holdings Corp.(a)

     133,153        2,535,330  

Nippon Shokubai Co., Ltd.

     21,200        1,216,362  

Nippon Soda Co., Ltd.

     24,400        771,747  

Nissan Chemical Corp.

     63,353        3,388,382  

Nitto Denko Corp.(a)

     107,874        9,235,186  

NOF Corp.

     42,600        2,232,163  

Okamoto Industries, Inc.

     14,100        536,566  

Osaka Soda Co., Ltd.

     25,600        610,925  

Riken Technos Corp.

     9,900        46,230  

Sakata INX Corp.

     16,600        159,841  

Sanyo Chemical Industries Ltd.

     21,700        1,099,728  

Shikoku Chemicals Corp.

     25,600        293,068  

Shin-Etsu Chemical Co., Ltd.

     107,679        18,134,898  

Shin-Etsu Polymer Co., Ltd.

     43,500        390,516  

Sumitomo Bakelite Co., Ltd.

     16,600        679,774  

Sumitomo Chemical Co., Ltd.(a)

     988,385        5,125,291  

Sumitomo Seika Chemicals Co., Ltd.

     12,800        467,982  

T Hasegawa Co., Ltd.

     23,400        447,882  

Taiyo Holdings Co., Ltd.

     20,026        1,092,822  

Takasago International Corp.

     18,800        447,287  

Tayca Corp.

     21,000        282,597  

Teijin Ltd.

     122,100        2,107,192  

Tokai Carbon Co., Ltd.

     114,100        1,845,219  

Tokuyama Corp.

     32,900        831,581  

Tokyo Ohka Kogyo Co., Ltd.

     15,900        995,728  

Toray Industries, Inc.

     706,918        4,558,182  

Tosoh Corp.(a)

     177,807        3,408,102  

Toyo Ink SC Holdings Co., Ltd.

     41,300        759,098  

Toyobo Co., Ltd.

     34,651        446,543  

Ube Industries Ltd.

     85,000        1,813,846  

Valqua Ltd.

     15,700        302,776  

Zeon Corp.

     60,700        971,749  
     

 

 

 
Total Chemicals               119,439,644  
Commercial Services & Supplies – 0.1%

 

Mitsubishi Pencil Co., Ltd.

     25,600        370,215  

Pilot Corp.

     22,000        702,806  

Sato Holdings Corp.

     26,000        678,353  
     

 

 

 
Total Commercial Services & Supplies               1,751,374  
Construction & Engineering – 0.8%

 

JGC Holdings Corp.

     68,900        845,506  

Kajima Corp.

     402,500        5,722,421  

Obayashi Corp.

     456,400        4,192,271  

Penta-Ocean Construction Co., Ltd.

     266,100        2,092,678  

Taikisha Ltd.

     33,200        911,873  
     

 

 

 
Total Construction & Engineering               13,764,749  
Construction Materials – 0.1%

 

Krosaki Harima Corp.

     11,800        522,724  

Taiheiyo Cement Corp.

     52,200        1,375,151  
     

 

 

 
Total Construction Materials               1,897,875  
Consumer Finance – 0.4%

 

Acom Co., Ltd.(a)

     335,400        1,563,176  

AEON Financial Service Co., Ltd.(a)

     168,600      2,265,801  

Hitachi Capital Corp.

     86,900        2,679,194  
     

 

 

 
Total Consumer Finance               6,508,171  
Containers & Packaging – 0.1%

 

Fuji Seal International, Inc.

     14,882        333,195  

Toyo Seikan Group Holdings Ltd.(a)

     59,100        703,852  
     

 

 

 
Total Containers & Packaging               1,037,047  
Diversified Financial Services – 0.3%

 

Mitsubishi UFJ Lease & Finance Co., Ltd.(a)

     850,400        5,140,880  
Electrical Equipment – 1.9%

 

Daihen Corp.

     15,800        695,629  

Denyo Co., Ltd.(a)

     23,000        435,439  

Fuji Electric Co., Ltd.

     63,373        2,643,887  

Furukawa Electric Co., Ltd.(a)

     36,881        991,281  

GS Yuasa Corp.(a)

     42,284        1,147,982  

Idec Corp.

     23,400        375,882  

Mabuchi Motor Co., Ltd.

     32,600        1,435,285  

Mitsubishi Electric Corp.

     962,214        14,685,737  

Nidec Corp.

     54,416        6,616,099  

Nippon Carbon Co., Ltd.

     11,400        479,213  

Nissin Electric Co., Ltd.

     50,300        566,273  

Sanyo Denki Co., Ltd.

     8,500        453,077  

Sinfonia Technology Co., Ltd.

     26,000        309,412  

Toyo Tanso Co., Ltd.

     14,700        285,220  
     

 

 

 
Total Electrical Equipment               31,120,416  
Electronic Equipment, Instruments & Components – 4.8%

 

Ai Holdings Corp.

     26,000        516,000  

Alps Alpine Co., Ltd.(a)

     51,100        675,167  

Amano Corp.

     36,833        895,992  

Anritsu Corp.(a)

     49,900        1,091,026  

Canon Electronics, Inc.

     25,600        398,943  

Dexerials Corp.

     47,800        818,440  

ESPEC Corp.

     25,600        428,366  

Hakuto Co., Ltd.

     25,619        296,763  

Hamamatsu Photonics K.K.

     22,600        1,337,593  

Hirose Electric Co., Ltd.

     11,260        1,734,346  

Hitachi Ltd.

     443,805        20,097,740  

Horiba Ltd.

     16,500        1,042,262  

Ibiden Co., Ltd.

     19,601        902,888  

Iriso Electronics Co., Ltd.

     5,000        223,303  

Japan Aviation Electronics Industry Ltd.

     30,900        500,552  

Kaga Electronics Co., Ltd.

     25,600        574,552  

Keyence Corp.

     16,640        7,570,071  

Kyosan Electric Manufacturing Co., Ltd.(a)

     69,200        258,013  

Macnica Fuji Electronics Holdings, Inc.

     40,300        805,635  

Murata Manufacturing Co., Ltd.

     243,968        19,521,856  

Nichicon Corp.

     37,300        378,401  

Nippon Electric Glass Co., Ltd.

     88,860        2,062,678  

Nissha Co., Ltd.

     25,600        317,394  

Oki Electric Industry Co., Ltd.

     83,330        867,235  

Omron Corp.

     55,400        4,331,728  

Optex Group Co., Ltd.

     15,200        226,968  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

Restar Holdings Corp.

     26,000      $ 480,000  

Riken Keiki Co., Ltd.

     15,500        386,448  

Ryoden Corp.(a)

     26,000        388,000  

Ryosan Co., Ltd.

     25,645        524,272  

Sanshin Electronics Co., Ltd.

     25,954        470,930  

Shimadzu Corp.

     44,400        1,609,249  

Siix Corp.

     24,200        357,415  

Taiyo Yuden Co., Ltd.

     25,800        1,214,118  

TDK Corp.

     30,768        4,268,538  

Tokyo Electron Device Ltd.

     8,700        306,665  

V Technology Co., Ltd.(a)

     6,200        305,792  

Yokogawa Electric Corp.

     104,038        1,918,818  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     80,104,157  
Entertainment – 3.0%

 

Capcom Co., Ltd.

     48,600        1,581,149  

GungHo Online Entertainment, Inc.

     17,249        341,234  

Koei Tecmo Holdings Co., Ltd.

     49,722        2,234,115  

Konami Holdings Corp.

     18,500        1,103,303  

Nexon Co., Ltd.

     37,400        1,215,077  

Nintendo Co., Ltd.

     73,000        40,833,756  

Square Enix Holdings Co., Ltd.

     25,600        1,424,796  

Toei Animation Co., Ltd.(a)

     10,800        1,158,190  
     

 

 

 
Total Entertainment               49,891,620  
Food & Staples Retailing – 1.1%

 

Ministop Co., Ltd.

     25,600        337,549  

Seven & I Holdings Co., Ltd.

     455,324        18,390,145  
     

 

 

 
Total Food & Staples Retailing               18,727,694  
Food Products – 0.9%

 

Ajinomoto Co., Inc.

     142,913        2,930,040  

Ariake Japan Co., Ltd.

     10,000        607,240  

Fuji Oil Holdings, Inc.(a)

     34,600        924,650  

Kagome Co., Ltd.

     18,900        601,208  

Kikkoman Corp.(a)

     25,400        1,514,805  

Nippon Suisan Kaisha Ltd.

     94,800        456,413  

Nisshin Seifun Group, Inc.

     103,300        1,729,457  

Nissin Foods Holdings Co., Ltd.

     32,900        2,444,425  

Riken Vitamin Co., Ltd.

     21,000        259,412  

Sakata Seed Corp.

     11,839        438,204  

Toyo Suisan Kaisha Ltd.

     38,900        1,636,968  

Yakult Honsha Co., Ltd.

     41,887        2,122,780  
     

 

 

 
Total Food Products               15,665,602  
Health Care Equipment & Supplies – 1.1%

 

Asahi Intecc Co., Ltd.

     11,800        325,701  

Hoya Corp.

     45,657        5,373,478  

Jeol Ltd.

     10,200        405,231  

Mani, Inc.

     12,300        309,448  

Nakanishi, Inc.

     23,400        488,118  

Nihon Kohden Corp.

     22,100        646,000  

Nipro Corp.(a)

     25,900        313,378  

Olympus Corp.

     121,300        2,514,917  

Sysmex Corp.

     38,360        4,139,756  

Terumo Corp.

     91,712      3,319,061  
     

 

 

 
Total Health Care Equipment & Supplies               17,835,088  
Health Care Technology – 0.1%

 

M3, Inc.

     22,300        1,527,903  
Hotels, Restaurants & Leisure – 0.0%

 

Saizeriya Co., Ltd.

     4,800        98,824  
Household Durables – 2.5%

 

Casio Computer Co., Ltd.(a)

     89,657        1,691,718  

Fujitsu General Ltd.

     25,600        714,715  

Panasonic Corp.

     1,165,270        15,011,419  

Rinnai Corp.

     13,100        1,468,860  

Sekisui Chemical Co., Ltd.

     212,500        4,086,539  

Sharp Corp.(a)

     137,200        2,371,511  

Sony Corp.

     131,000        13,746,109  

Sumitomo Forestry Co., Ltd.

     61,100        1,319,318  

Tamron Co., Ltd.

     23,100        450,711  

Toa Corp.

     25,600        223,102  

Zojirushi Corp.

     22,400        392,253  
     

 

 

 
Total Household Durables               41,476,255  
Household Products – 0.3%

 

Lion Corp.

     49,800        973,015  

Pigeon Corp.

     35,100        1,334,118  

Unicharm Corp.

     63,300        2,660,891  
     

 

 

 
Total Household Products               4,968,024  
Independent Power & Renewable Electricity Producers – 0.2%

 

Electric Power Development Co., Ltd.(a)

     157,000        2,747,855  
Industrial Conglomerates – 0.2%

 

Nisshinbo Holdings, Inc.

     135,124        1,007,621  

Toshiba Corp.

     59,900        2,027,385  
     

 

 

 
Total Industrial Conglomerates               3,035,006  
Insurance – 2.8%

 

Dai-ichi Life Holdings, Inc.

     799,300        13,758,087  

Sompo Holdings, Inc.(a)

     250,700        9,624,157  

Tokio Marine Holdings, Inc.

     499,900        23,818,765  
     

 

 

 
Total Insurance               47,201,009  
Internet & Direct Marketing Retail – 0.1%

 

Rakuten, Inc.

     113,100        1,350,035  
IT Services – 1.4%

 

Fujitsu Ltd.

     82,732        11,979,294  

NEC Corp.

     99,300        5,859,149  

NTT Data Corp.(a)

     352,000        5,456,797  
     

 

 

 
Total IT Services               23,295,240  
Leisure Products – 0.8%

 

Bandai Namco Holdings, Inc.

     61,500        4,392,937  

Mizuno Corp.

     26,000        511,529  

Sega Sammy Holdings, Inc.

     137,400        2,147,419  

Shimano, Inc.

     15,600        3,723,529  

Tomy Co., Ltd.

     43,400        394,724  

Yamaha Corp.

     43,207        2,349,992  
     

 

 

 
Total Leisure Products               13,520,130  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2021

 

 

 

Investments    Shares      Value  
Machinery – 5.1%

 

Aida Engineering Ltd.

     43,900      $ 394,901  

Amada Co., Ltd.

     260,993        2,914,619  

Anest Iwata Corp.

     25,600        239,319  

CKD Corp.

     17,500        365,362  

Daifuku Co., Ltd.(a)

     21,600        2,118,950  

DMG Mori Co., Ltd.

     56,400        925,879  

Ebara Corp.

     33,631        1,374,154  

FANUC Corp.

     37,289        8,836,312  

Fujitec Co., Ltd.

     43,800        934,664  

Furukawa Co., Ltd.

     25,600        309,517  

Glory Ltd.

     25,800        555,692  

Harmonic Drive Systems, Inc.(a)

     4,400        297,846  

Hitachi Construction Machinery Co., Ltd.

     43,900        1,408,376  

Hitachi Zosen Corp.(a)

     112,800        913,629  

Hokuetsu Industries Co., Ltd.

     25,600        251,135  

Hoshizaki Corp.

     16,069        1,436,758  

Iseki & Co., Ltd.*

     25,600        382,031  

Japan Steel Works Ltd. (The)

     20,500        487,362  

Juki Corp.

     34,300        276,262  

Kito Corp.(a)

     26,000        429,412  

Kitz Corp.

     36,900        214,053  

Komatsu Ltd.

     397,406        12,296,209  

Kubota Corp.

     401,002        9,143,208  

Kurita Water Industries Ltd.

     39,000        1,674,706  

Makita Corp.(a)

     51,738        2,221,691  

Meidensha Corp.

     20,900        455,261  

MINEBEA MITSUMI, Inc.

     103,401        2,647,253  

MISUMI Group, Inc.

     22,500        654,638  

Mitsubishi Heavy Industries Ltd.

     192,719        6,015,274  

Mitsubishi Logisnext Co., Ltd.

     24,200        283,830  

Mitsuboshi Belting Ltd.

     25,600        412,612  

Miura Co., Ltd.

     21,200        1,147,294  

Nabtesco Corp.

     43,500        1,991,946  

Nachi-Fujikoshi Corp.

     12,400        540,326  

NGK Insulators Ltd.

     122,675        2,247,006  

Nikkiso Co., Ltd.

     36,900        376,347  

Nippon Thompson Co., Ltd.

     25,600        153,368  

Nissei ASB Machine Co., Ltd.

     6,300        299,891  

Nitta Corp.

     26,000        619,765  

NSK Ltd.

     174,966        1,797,162  

Obara Group, Inc.(a)

     14,400        493,249  

Oiles Corp.(a)

     25,600        392,456  

OKUMA Corp.

     9,500        545,928  

Organo Corp.

     8,000        480,724  

OSG Corp.

     40,524        722,831  

Shibaura Machine Co., Ltd.

     25,900        655,118  

Shibuya Corp.

     16,200        520,452  

Shinmaywa Industries Ltd.

     58,000        536,434  

SMC Corp.

     7,951        4,627,410  

Star Micronics Co., Ltd.(a)

     25,600        382,262  

Sumitomo Heavy Industries Ltd.(a)

     38,037        1,058,496  

Takeuchi Manufacturing Co., Ltd.

     13,500        378,122  

THK Co., Ltd.

     12,779        442,928  

Tsubakimoto Chain Co.

     23,500      648,643  

Tsugami Corp.

     20,000        300,995  

Union Tool Co.

     11,800        375,891  

YAMABIKO Corp.

     25,600        284,496  

Yaskawa Electric Corp.(a)

     40,600        2,024,489  
     

 

 

 
Total Machinery               84,914,944  
Marine – 0.2%

 

Iino Kaiun Kaisha Ltd.

     109,600        525,683  

Nippon Yusen K.K.

     92,200        3,149,819  

NS United Kaiun Kaisha Ltd.

     25,600        436,706  
     

 

 

 
Total Marine               4,112,208  
Media – 0.3%

 

Dentsu Group, Inc.

     153,700        4,937,873  
Metals & Mining – 0.7%

 

Asahi Holdings, Inc.

     80,000        1,533,394  

Daido Steel Co., Ltd.

     19,900        920,262  

Daiki Aluminium Industry Co., Ltd.

     42,500        412,308  

Dowa Holdings Co., Ltd.

     31,400        1,308,570  

Kyoei Steel Ltd.

     39,900        599,403  

Maruichi Steel Tube Ltd.

     45,300        1,035,136  

Mitsubishi Materials Corp.

     44,800        1,047,631  

Mitsui Mining & Smelting Co., Ltd.(a)

     25,600        889,629  

Nippon Yakin Kogyo Co., Ltd.

     7,510        139,665  

Sumitomo Metal Mining Co., Ltd.

     73,500        3,178,792  

UACJ Corp.*

     19,500        470,823  
     

 

 

 
Total Metals & Mining               11,535,613  
Multiline Retail – 0.1%

 

Ryohin Keikaku Co., Ltd.

     50,700        1,201,200  
Oil, Gas & Consumable Fuels – 2.0%

 

ENEOS Holdings, Inc.

     3,399,000        15,429,307  

Idemitsu Kosan Co., Ltd.(a)

     336,300        8,685,974  

Inpex Corp.

     1,477,000        10,105,086  
     

 

 

 
Total Oil, Gas & Consumable Fuels               34,220,367  
Paper & Forest Products – 0.2%

 

Hokuetsu Corp.

     106,900        501,124  

Oji Holdings Corp.

     518,600        3,360,340  
     

 

 

 
Total Paper & Forest Products               3,861,464  
Personal Products – 1.2%

 

Kao Corp.

     219,280        14,512,169  

Kose Corp.

     13,200        1,870,697  

Mandom Corp.

     25,400        479,956  

Rohto Pharmaceutical Co., Ltd.

     22,600        603,962  

Shiseido Co., Ltd.

     51,522        3,460,600  
     

 

 

 
Total Personal Products               20,927,384  
Pharmaceuticals – 9.1%

 

Astellas Pharma, Inc.

     912,304        14,051,958  

Chugai Pharmaceutical Co., Ltd.

     578,100        23,484,985  

Daiichi Sankyo Co., Ltd.

     515,963        15,058,649  

Eisai Co., Ltd.

     145,477        9,767,365  

Hisamitsu Pharmaceutical Co., Inc.

     24,400        1,592,072  

Kyowa Kirin Co., Ltd.

     152,870        4,579,183  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

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

     31,800      $ 286,344  

Ono Pharmaceutical Co., Ltd.

     191,100        4,998,000  

Otsuka Holdings Co., Ltd.

     356,900        15,138,374  

Santen Pharmaceutical Co., Ltd.

     97,500        1,343,824  

Sawai Pharmaceutical Co., Ltd.

     30,200        1,449,873  

Shionogi & Co., Ltd.

     116,977        6,300,879  

Sumitomo Dainippon Pharma Co., Ltd.

     163,500        2,851,262  

Takeda Pharmaceutical Co., Ltd.

     1,418,863        51,168,951  

ZERIA Pharmaceutical Co., Ltd.

     25,600        487,211  
     

 

 

 
Total Pharmaceuticals               152,558,930  
Professional Services – 0.7%

 

BeNEXT Group, Inc.(a)

     31,700        505,192  

Outsourcing, Inc.

     56,400        910,567  

Persol Holdings Co., Ltd.

     65,900        1,290,566  

Recruit Holdings Co., Ltd.

     167,600        8,191,924  

Weathernews, Inc.

     4,600        219,385  
     

 

 

 
Total Professional Services               11,117,634  
Road & Rail – 0.3%

 

Hitachi Transport System Ltd.

     33,200        1,117,683  

Nippon Express Co., Ltd.

     64,100        4,779,946  
     

 

 

 
Total Road & Rail               5,897,629  
Semiconductors & Semiconductor Equipment – 3.5%

 

Advantest Corp.

     49,000        4,292,489  

Disco Corp.

     9,800        3,081,900  

Ferrotec Holdings Corp.

     14,200        283,872  

Lasertec Corp.

     10,800        1,419,149  

Optorun Co., Ltd.

     21,300        528,741  

Rohm Co., Ltd.

     32,700        3,198,977  

SCREEN Holdings Co., Ltd.(a)

     4,960        437,198  

Shibaura Mechatronics Corp.(a)

     8,900        447,014  

Shinko Electric Industries Co., Ltd.

     35,259        1,092,869  

SUMCO Corp.

     80,300        1,835,636  

Tokyo Electron Ltd.

     93,453        39,571,637  

Tokyo Seimitsu Co., Ltd.

     15,700        716,091  

Ulvac, Inc.

     17,400        733,005  

Yamaichi Electronics Co., Ltd.(a)

     18,600        252,152  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     57,890,730  
Software – 0.3%

 

Trend Micro, Inc.

     97,808        4,903,677  
Specialty Retail – 0.7%

 

ABC-Mart, Inc.

     44,100        2,490,353  

Fast Retailing Co., Ltd.

     11,600        9,251,656  

IDOM, Inc.

     30,400        198,356  

VT Holdings Co., Ltd.

     121,400        489,995  
     

 

 

 
Total Specialty Retail               12,430,360  
Technology Hardware, Storage & Peripherals – 3.2%

 

Brother Industries Ltd.

     130,943        2,902,076  

Canon, Inc.

     1,483,397        33,594,579  

Eizo Corp.

     8,800        332,489  

FUJIFILM Holdings Corp.

     155,295        9,234,782  

MCJ Co., Ltd.

     61,800        538,583  

Seiko Epson Corp.(a)

     371,100      6,045,068  

Wacom Co., Ltd.

     35,400        238,029  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     52,885,606  
Textiles, Apparel & Luxury Goods – 0.2%

 

Asics Corp.

     40,692        649,967  

Kurabo Industries Ltd.

     17,947        311,514  

Onward Holdings Co., Ltd.

     302,200        853,271  

Seiko Holdings Corp.

     35,900        609,813  

Seiren Co., Ltd.(a)

     25,610        451,014  

Wacoal Holdings Corp.

     25,600        568,760  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               3,444,339  
Tobacco – 3.0%

 

Japan Tobacco, Inc.

     2,653,331        51,025,596  
Trading Companies & Distributors – 8.0%

 

Alconix Corp.

     26,000        389,177  

Hanwa Co., Ltd.

     25,600        786,534  

Inabata & Co., Ltd.

     44,586        668,992  

ITOCHU Corp.(a)

     1,392,794        45,212,236  

Marubeni Corp.(a)

     1,314,978        10,957,753  

Mitsubishi Corp.

     1,487,100        42,123,285  

Nagase & Co., Ltd.

     104,000        1,627,294  

Nippon Steel Trading Corp.

     25,600        939,439  

Sanyo Trading Co., Ltd.

     25,800        269,207  

Sojitz Corp.(a)

     1,258,321        3,552,906  

Sumitomo Corp.

     1,269,177        18,113,051  

Toyota Tsusho Corp.

     208,110        8,748,153  
     

 

 

 
Total Trading Companies & Distributors               133,388,027  
Transportation Infrastructure – 0.0%

 

Nissin Corp.

     25,600        336,854  
Wireless Telecommunication Services – 1.1%

 

SoftBank Group Corp.

     224,600        18,963,964  

TOTAL COMMON STOCKS

(Cost: $1,575,223,518)

 

 

     1,648,026,280  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2%

 

United States – 2.2%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(b)

     
(Cost: $37,359,605)      37,359,605        37,359,605  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $1,612,583,123)

 

 

     1,685,385,885  

Other Assets less Liabilities – (0.6)%

 

     (10,627,154
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,674,758,731  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $173,972,974 and the total market value of the collateral held by the Fund was $183,866,238. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $146,506,633.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2021

 

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

Bank of America N.A.

    4/5/2021       1,882,671,387       JPY       17,677,815       USD      $      $ (639,510

Bank of America N.A.

    4/5/2021       1,597,747,490       JPY       14,731,513       USD               (271,789

Bank of America N.A.

    4/5/2021       12,420,730,265       JPY       112,401,442       USD        7,019         

Bank of America N.A.

    4/5/2021       108,070,377       USD       11,509,830,168       JPY        3,905,624         

Bank of America N.A.

    5/10/2021       117,937,947       USD       13,028,522,448       JPY               (9,771

Bank of Montreal

    4/5/2021       12,420,100,817       JPY       112,401,442       USD        1,322         

Bank of Montreal

    4/5/2021       108,070,377       USD       11,509,473,536       JPY        3,908,852         

Bank of Montreal

    5/10/2021       117,937,947       USD       13,027,861,996       JPY               (3,792

Canadian Imperial Bank of Commerce

    4/5/2021       12,420,606,624       JPY       112,401,442       USD        5,900         

Canadian Imperial Bank of Commerce

    4/5/2021       108,070,377       USD       11,509,884,203       JPY        3,905,135         

Canadian Imperial Bank of Commerce

    5/10/2021       117,937,947       USD       13,028,628,592       JPY               (10,732

Citibank N.A.

    4/5/2021       1,929,019,082       JPY       17,677,815       USD               (220,060

Citibank N.A.

    4/5/2021       12,419,932,215       JPY       112,401,442       USD               (203

Citibank N.A.

    4/5/2021       108,070,377       USD       11,509,657,256       JPY        3,907,189         

Citibank N.A.

    5/10/2021       117,937,947       USD       13,028,097,871       JPY               (5,928

Citibank N.A.

    5/10/2021       12,365,709       USD       1,365,961,969       JPY               (398

Commonwealth Bank of Australia

    4/5/2021       12,420,730,265       JPY       112,401,442       USD        7,019         

Commonwealth Bank of Australia

    4/5/2021       17,677,815       USD       1,890,251,634       JPY        570,908         

Commonwealth Bank of Australia

    4/5/2021       23,570,420       USD       2,568,254,176       JPY        327,544         

Commonwealth Bank of Australia

    5/10/2021       117,937,947       USD       13,028,557,829       JPY               (10,092

Credit Suisse International

    4/5/2021       12,419,684,932       JPY       112,401,442       USD               (2,441

Credit Suisse International

    4/5/2021       108,070,377       USD       11,510,327,292       JPY        3,901,125         

Credit Suisse International

    5/10/2021       117,937,947       USD       13,028,935,231       JPY               (13,508

Goldman Sachs

    4/5/2021       1,607,190,390       JPY       14,731,513       USD               (186,330

Goldman Sachs

    4/5/2021       12,420,201,978       JPY       112,401,442       USD        2,238         

Goldman Sachs

    4/5/2021       108,070,377       USD       11,509,451,922       JPY        3,909,048         

Goldman Sachs

    5/10/2021       117,937,947       USD       13,027,744,058       JPY               (2,725

HSBC Holdings PLC

    4/5/2021       12,420,112,057       JPY       112,401,442       USD        1,424         

HSBC Holdings PLC

    4/5/2021       108,070,377       USD       11,509,505,957       JPY        3,908,559         

HSBC Holdings PLC

    5/10/2021       117,937,947       USD       13,028,074,284       JPY               (5,714

JP Morgan Chase Bank N.A.

    4/5/2021       1,279,067,697       JPY       11,785,210       USD               (209,560

JP Morgan Chase Bank N.A.

    4/5/2021       12,420,190,738       JPY       112,401,442       USD        2,136         

JP Morgan Chase Bank N.A.

    4/5/2021       108,070,377       USD       11,509,668,063       JPY        3,907,092         

JP Morgan Chase Bank N.A.

    5/10/2021       117,937,947       USD       13,028,133,253       JPY               (6,248

Morgan Stanley & Co. International

    4/5/2021       12,420,224,459       JPY       112,401,442       USD        2,441         

Morgan Stanley & Co. International

    4/5/2021       108,070,377       USD       11,510,057,116       JPY        3,903,571         

Morgan Stanley & Co. International

    5/10/2021       117,937,947       USD       13,027,991,727       JPY               (4,967

Royal Bank of Canada

    4/5/2021       15,968,412,492       JPY       144,516,144       USD               (915

Royal Bank of Canada

    4/5/2021       138,947,635       USD       14,797,631,337       JPY        5,028,056         

Royal Bank of Canada

    4/5/2021       108,070,377       USD       11,509,268,202       JPY        3,910,710         

Royal Bank of Canada

    5/10/2021       151,634,513       USD       16,750,124,517       JPY               (5,013

Societe Generale

    4/5/2021       12,420,584,143       JPY       112,401,442       USD        5,697         

Societe Generale

    4/5/2021       108,070,377       USD       11,510,035,502       JPY        3,903,766         

Societe Generale

    5/10/2021       117,937,947       USD       13,028,369,129       JPY               (8,383

Standard Chartered Bank

    4/5/2021       12,419,797,333       JPY       112,401,442       USD               (1,424

Standard Chartered Bank

    4/5/2021       108,070,377       USD       11,510,575,854       JPY        3,898,876         

Standard Chartered Bank

    5/10/2021       117,937,947       USD       13,029,135,725       JPY               (15,323

UBS AG

    4/5/2021       12,419,853,534       JPY       112,401,442       USD               (915

UBS AG

    4/5/2021       108,070,377       USD       11,509,495,150       JPY        3,908,656         

UBS AG

    4/5/2021       29,463,026       USD       3,140,905,886       JPY        1,037,612         

UBS AG

    4/5/2021       35,355,631       USD       3,852,494,511       JPY        490,291         

UBS AG

    4/5/2021       32,409,328       USD       3,550,331,690       JPY        278,583         

UBS AG

    5/10/2021       117,937,947       USD       13,028,145,047       JPY               (6,355
                                             $ 58,546,393      $ (1,642,096

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

 

Consumer Finance

   $ 3,828,977      $ 2,679,194      $      $ 6,508,171  

Pharmaceuticals

     151,109,057        1,449,873               152,558,930  

Other

     1,488,959,179                      1,488,959,179  

Investment of Cash Collateral for Securities Loaned

            37,359,605               37,359,605  

Total Investments in Securities

   $ 1,643,897,213      $ 41,488,672      $      $ 1,685,385,885  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 58,546,393      $      $ 58,546,393  

Liabilities:

           

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (1,642,096    $      $ (1,642,096

Total – Net

   $ 1,643,897,213      $ 98,392,969      $      $ 1,742,290,182  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.2%      
Japan – 98.2%      
Air Freight & Logistics – 0.4%      

Kintetsu World Express, Inc.

     1,600      $ 41,600  

Konoike Transport Co., Ltd.

     1,600        17,506  

Maruwa Unyu Kikan Co., Ltd.(a)

     1,000        17,457  

Mitsui-Soko Holdings Co., Ltd.

     1,200        23,544  

SBS Holdings, Inc.

     800        20,047  
     

 

 

 
Total Air Freight & Logistics

 

     120,154  
Auto Components – 5.6%      

Daido Metal Co., Ltd.

     4,900        26,074  

Daikyonishikawa Corp.(a)

     5,000        35,023  

Eagle Industry Co., Ltd.

     4,200        45,307  

Exedy Corp.

     3,500        52,991  

FCC Co., Ltd.

     2,000        33,629  

Futaba Industrial Co., Ltd.

     3,200        17,173  

G-Tekt Corp.

     2,698        36,698  

JTEKT Corp.

     22,000        224,977  

Musashi Seimitsu Industry Co., Ltd.

     1,200        20,514  

NHK Spring Co., Ltd.(a)

     5,300        39,810  

Nifco, Inc.(a)

     3,700        135,109  

Nihon Tokushu Toryo Co., Ltd.

     1,800        17,528  

NOK Corp.

     5,200        70,635  

Pacific Industrial Co., Ltd.

     2,500        28,756  

Riken Corp.

     1,000        22,624  

Shoei Co., Ltd.

     1,000        41,267  

Sumitomo Riko Co., Ltd.

     4,100        26,455  

Sumitomo Rubber Industries Ltd.

     12,100        142,900  

Tokai Rika Co., Ltd.

     4,825        81,916  

Topre Corp.(a)

     2,100        29,666  

Toyo Tire Corp.(a)

     6,300        111,633  

Toyoda Gosei Co., Ltd.(a)

     3,600        94,740  

Toyota Boshoku Corp.(a)

     7,000        115,928  

TPR Co., Ltd.

     2,106        30,589  

TS Tech Co., Ltd.

     5,600        83,569  

Yokohama Rubber Co., Ltd. (The)

     10,100        180,977  
     

 

 

 
Total Auto Components

 

     1,746,488  
Automobiles – 0.1%      

Nissan Shatai Co., Ltd.

     3,400        24,492  
Banks – 7.2%      

77 Bank Ltd. (The)

     3,600        50,856  

Aichi Bank Ltd. (The)

     700        19,131  

Akita Bank Ltd. (The)

     1,800        23,864  

Aomori Bank Ltd. (The)

     800        18,281  

Awa Bank Ltd. (The)

     900        20,297  

Bank of Iwate Ltd. (The)

     900        19,458  

Bank of Nagoya Ltd. (The)

     900        25,656  

Bank of Okinawa Ltd. (The)

     940        25,946  

Bank of Saga Ltd. (The)(a)

     2,400        32,058  

Bank of the Ryukyus Ltd.

     2,000        14,118  

Chugoku Bank Ltd. (The)

     6,600        55,846  

Chukyo Bank Ltd. (The)

     800        12,728  

Daishi Hokuetsu Financial Group, Inc.

     4,000        94,480  

Ehime Bank Ltd. (The)

     1,500      13,914  

FIDEA Holdings Co., Ltd.(a)

     20,300        25,168  

Fukui Bank Ltd. (The)

     1,000        17,738  

Gunma Bank Ltd. (The)(a)

     24,300        87,304  

Hachijuni Bank Ltd. (The)

     25,300        92,271  

Hokkoku Bank Ltd. (The)

     800        20,438  

Hokuhoku Financial Group, Inc.

     7,700        71,704  

Hyakugo Bank Ltd. (The)(a)

     10,800        32,644  

Hyakujushi Bank Ltd. (The)

     2,100        32,118  

Iyo Bank Ltd. (The)

     15,000        90,136  

Jimoto Holdings, Inc.(a)

     1,840        13,238  

Juroku Bank Ltd. (The)

     2,300        45,979  

Keiyo Bank Ltd. (The)

     7,800        32,329  

Kiyo Bank Ltd. (The)

     2,098        31,460  

Kyushu Financial Group, Inc.(a)

     16,300        70,068  

Mebuki Financial Group, Inc.

     86,800        205,021  

Miyazaki Bank Ltd. (The)

     1,200        25,379  

Musashino Bank Ltd. (The)

     2,200        36,375  

Nanto Bank Ltd. (The)

     2,200        39,261  

Nishi-Nippon Financial Holdings, Inc.(a)

     10,100        72,665  

North Pacific Bank Ltd.(a)

     25,500        73,846  

Ogaki Kyoritsu Bank Ltd. (The)

     1,700        34,262  

Oita Bank Ltd. (The)

     1,000        19,493  

San ju San Financial Group, Inc.(a)

     2,200        27,714  

San-In Godo Bank Ltd. (The)

     7,800        39,600  

Senshu Ikeda Holdings, Inc.

     20,700        33,345  

Seven Bank Ltd.(a)

     112,200        256,892  

Shiga Bank Ltd. (The)

     1,400        30,357  

Shikoku Bank Ltd. (The)

     2,500        17,692  

Suruga Bank Ltd.(a)

     5,700        22,026  

Tochigi Bank Ltd. (The)

     7,100        12,208  

Toho Bank Ltd. (The)(a)

     7,400        16,474  

Tokyo Kiraboshi Financial Group, Inc.

     2,300        29,140  

TOMONY Holdings, Inc.

     6,600        19,352  

Towa Bank Ltd. (The)

     2,900        18,056  

Yamagata Bank Ltd. (The)(a)

     1,300        13,365  

Yamaguchi Financial Group, Inc.(a)

     14,000        93,249  

Yamanashi Chuo Bank Ltd. (The)

     1,900        15,802  
     

 

 

 
Total Banks

 

     2,240,802  
Beverages – 0.4%      

Sapporo Holdings Ltd.

     2,800        58,103  

Takara Holdings, Inc.(a)

     5,500        75,009  
     

 

 

 
Total Beverages

 

     133,112  
Building Products – 2.2%      

Aica Kogyo Co., Ltd.

     3,100        111,937  

Bunka Shutter Co., Ltd.

     3,800        36,246  

Central Glass Co., Ltd.

     1,700        36,246  

Kondotec, Inc.

     1,700        16,446  

Nichias Corp.(a)

     3,900        99,176  

Nichiha Corp.

     700        20,461  

Nihon Flush Co., Ltd.(a)

     1,000        12,299  

Nippon Aqua Co., Ltd.

     2,400        13,379  

Nitto Boseki Co., Ltd.

     500        18,213  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Noritz Corp.

     1,400      $ 22,349  

Okabe Co., Ltd.

     2,900        20,471  

Sanwa Holdings Corp.

     10,900        142,933  

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

     1,100        23,951  

Sinko Industries Ltd.(a)

     1,500        29,566  

Takara Standard Co., Ltd.

     2,217        33,446  

Takasago Thermal Engineering Co., Ltd.

     3,600        56,166  
     

 

 

 
Total Building Products

 

     693,285  
Capital Markets – 2.0%      

GCA Corp.

     3,800        29,128  

GMO Financial Holdings, Inc.(a)

     11,700        96,247  

Ichiyoshi Securities Co., Ltd.(a)

     4,300        23,893  

IwaiCosmo Holdings, Inc.(a)

     3,100        49,572  

Kyokuto Securities Co., Ltd.(a)

     2,900        22,806  

Marusan Securities Co., Ltd.(a)

     5,000        29,095  

Matsui Securities Co., Ltd.(a)

     18,000        146,769  

Mito Securities Co., Ltd.

     6,000        17,484  

Monex Group, Inc.(a)

     8,565        72,396  

Morningstar Japan K.K.(a)

     5,899        25,518  

Okasan Securities Group, Inc.(a)

     8,200        33,468  

Sparx Group Co., Ltd.

     10,600        28,586  

Tokai Tokyo Financial Holdings, Inc.

     12,600        46,181  
     

 

 

 
Total Capital Markets

 

     621,143  
Chemicals – 9.5%      

ADEKA Corp.

     7,600        149,386  

Arakawa Chemical Industries Ltd.

     1,700        20,308  

Asahi Yukizai Corp.

     1,700        23,077  

C.I. Takiron Corp.

     8,200        50,387  

Chugoku Marine Paints Ltd.

     5,700        51,326  

Daicel Corp.(a)

     21,200        163,461  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     900        20,126  

Denka Co., Ltd.

     4,900        196,000  

DIC Corp.

     4,400        114,161  

Fujimi, Inc.

     1,600        62,480  

Fujimori Kogyo Co., Ltd.

     700        28,507  

Fuso Chemical Co., Ltd.

     1,000        36,787  

Hokko Chemical Industry Co., Ltd.

     1,300        13,788  

JCU Corp.

     600        22,643  

JSP Corp.(a)

     1,517        25,535  

Kaneka Corp.(a)

     3,348        137,859  

KH Neochem Co., Ltd.

     1,400        35,450  

Koatsu Gas Kogyo Co., Ltd.

     2,500        16,629  

Konishi Co., Ltd.

     1,400        22,742  

Kumiai Chemical Industry Co., Ltd.(a)

     2,494        22,660  

Kureha Corp.

     1,100        76,054  

Lintec Corp.

     5,500        124,634  

Moriroku Holdings Co., Ltd.

     900        18,391  

Nihon Nohyaku Co., Ltd.

     4,700        23,138  

Nihon Parkerizing Co., Ltd.

     4,900        52,991  

Nippon Kayaku Co., Ltd.

     8,000        77,394  

Nippon Pillar Packing Co., Ltd.(a)

     1,700        28,677  

Nippon Shokubai Co., Ltd.

     1,700        97,538  

Nippon Soda Co., Ltd.

     1,700      53,769  

Okamoto Industries, Inc.

     700        26,638  

Osaka Organic Chemical Industry Ltd.(a)

     800        26,860  

Osaka Soda Co., Ltd.

     1,577        37,634  

Sakata INX Corp.

     2,600        25,035  

Sanyo Chemical Industries Ltd.

     1,600        81,086  

Sekisui Kasei Co., Ltd.

     3,000        16,181  

Shikoku Chemicals Corp.

     2,000        22,896  

Shin-Etsu Polymer Co., Ltd.

     3,700        33,216  

Sumitomo Bakelite Co., Ltd.

     1,400        57,330  

Sumitomo Seika Chemicals Co., Ltd.

     1,000        36,561  

T Hasegawa Co., Ltd.

     1,700        32,538  

Taiyo Holdings Co., Ltd.

     1,500        81,855  

Takasago International Corp.

     800        19,034  

Tayca Corp.(a)

     1,500        20,186  

Tokai Carbon Co., Ltd.

     10,000        161,720  

Tokuyama Corp.

     2,600        65,718  

Tokyo Ohka Kogyo Co., Ltd.

     1,200        75,149  

Toyo Ink SC Holdings Co., Ltd.

     4,000        73,520  

Toyobo Co., Ltd.(a)

     3,400        43,815  

Ube Industries Ltd.(a)

     7,480        159,618  

Valqua Ltd.

     1,700        32,785  

Zeon Corp.

     5,700        91,252  
     

 

 

 
Total Chemicals

 

     2,986,525  
Commercial Services & Supplies – 1.7%      

Aeon Delight Co., Ltd.

     1,400        40,860  

Bell System24 Holdings, Inc.

     2,200        37,649  

CTS Co., Ltd.(a)

     1,400        10,820  

Daiseki Co., Ltd.

     1,000        36,289  

Japan Elevator Service Holdings Co., Ltd.

     800        17,231  

Kokuyo Co., Ltd.

     4,000        62,045  

Matsuda Sangyo Co., Ltd.

     1,000        18,425  

Mitsubishi Pencil Co., Ltd.

     1,400        20,246  

Nippon Air Conditioning Services Co., Ltd.

     3,400        22,985  

Nippon Kanzai Co., Ltd.(a)

     1,300        25,647  

Nippon Parking Development Co., Ltd.

     16,400        22,708  

Okamura Corp.(a)

     5,100        59,861  

Pilot Corp.

     800        25,556  

Relia, Inc.

     3,700        47,916  

Sato Holdings Corp.

     1,500        39,136  

Takara & Co. Ltd.(a)

     700        11,688  

Toppan Forms Co., Ltd.

     3,100        31,337  
     

 

 

 
Total Commercial Services & Supplies

 

     530,399  
Construction & Engineering – 6.6%      

Asanuma Corp.

     800        32,434  

Dai-Dan Co., Ltd.

     1,400        37,540  

Daiho Corp.

     600        21,041  

Fudo Tetra Corp.

     1,100        19,173  

Hazama Ando Corp.(a)

     9,500        72,991  

JDC Corp.(a)

     5,700        31,724  

JGC Holdings Corp.

     4,100        50,313  

Kandenko Co., Ltd.(a)

     11,700        102,812  

Kumagai Gumi Co., Ltd.

     2,400        65,267  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Kyudenko Corp.

     2,800      $ 107,186  

Maeda Corp.(a)

     5,600        48,449  

Maeda Road Construction Co., Ltd.(a)

     5,600        108,605  

Meisei Industrial Co., Ltd.

     2,800        19,638  

Mirait Holdings Corp.

     3,044        50,329  

Nippon Densetsu Kogyo Co., Ltd.(a)

     1,200        21,035  

Nippon Koei Co., Ltd.

     700        19,891  

Nishimatsu Construction Co., Ltd.(a)

     3,100        78,776  

Nittoc Construction Co., Ltd.

     3,600        27,041  

Okumura Corp.

     2,700        71,886  

OSJB Holdings Corp.

     7,000        18,751  

Penta-Ocean Construction Co., Ltd.

     17,300        136,052  

Raito Kogyo Co., Ltd.

     2,600        44,235  

Raiznext Corp.(a)

     3,800        41,129  

Sanki Engineering Co., Ltd.

     8,100        106,510  

Seikitokyu Kogyo Co., Ltd.

     4,300        36,229  

Shinnihon Corp.

     1,600        12,786  

SHO-BOND Holdings Co., Ltd.

     1,400        60,434  

Sumitomo Densetsu Co., Ltd.(a)

     2,000        43,602  

Sumitomo Mitsui Construction Co., Ltd.

     10,740        48,500  

Taihei Dengyo Kaisha Ltd.

     1,000        23,937  

Taikisha Ltd.

     2,100        57,679  

Takamatsu Construction Group Co., Ltd.(a)

     1,900        37,071  

Tekken Corp.

     800        14,306  

Toa Corp.(a)

     1,100        24,290  

Toa Road Corp.

     500        19,163  

Tobishima Corp.(a)

     2,100        22,881  

Toda Corp.

     15,600        114,494  

Tokyu Construction Co., Ltd.

     8,600        46,852  

Totetsu Kogyo Co., Ltd.

     2,200        52,700  

Toyo Construction Co., Ltd.

     5,000        26,018  

Wakachiku Construction Co., Ltd.

     900        11,183  

Yahagi Construction Co., Ltd.

     3,200        24,326  

Yokogawa Bridge Holdings Corp.

     1,600        29,698  

Yurtec Corp.

     3,200        23,602  
     

 

 

 
Total Construction & Engineering

 

     2,062,559  
Construction Materials – 0.6%      

Asia Pile Holdings Corp.(a)

     5,300        25,613  

Krosaki Harima Corp.

     700        31,009  

Shinagawa Refractories Co., Ltd.(a)

     1,200        31,320  

Sumitomo Osaka Cement Co., Ltd.(a)

     2,100        66,991  

Vertex Corp.

     1,000        24,606  
     

 

 

 
Total Construction Materials

 

     179,539  
Consumer Finance – 1.4%      

AEON Financial Service Co., Ltd.

     14,100        189,489  

Credit Saison Co., Ltd.(a)

     10,500        126,190  

Jaccs Co., Ltd.

     2,600        53,388  

Orient Corp.(a)

     61,400        85,571  
     

 

 

 
Total Consumer Finance

 

     454,638  
Containers & Packaging – 0.9%      

Fuji Seal International, Inc.

     1,500        33,584  

Hokkan Holdings Ltd.

     1,300        17,200  

Kohsoku Corp.(a)

     1,000        13,484  

Pack Corp. (The)

     600      16,398  

Rengo Co., Ltd.(a)

     16,181        140,723  

Tomoku Co., Ltd.

     1,200        20,069  

Toyo Seikan Group Holdings Ltd.(a)

     4,300        51,211  
     

 

 

 
Total Containers & Packaging

 

     292,669  
Distributors – 0.3%      

Arata Corp.

     600        26,634  

Doshisha Co., Ltd.

     2,000        33,864  

Happinet Corp.

     1,700        23,615  
     

 

 

 
Total Distributors

 

     84,113  
Diversified Consumer Services – 0.5%      

Asante, Inc.

     1,000        16,262  

Benesse Holdings, Inc.

     3,000        63,204  

Japan Best Rescue System Co., Ltd.(a)

     1,400        10,719  

Riso Kyoiku Co., Ltd.

     5,700        17,435  

Sprix Ltd.

     1,300        11,188  

Studio Alice Co., Ltd.(a)

     900        17,055  

Tokyo Individualized Educational Institute, Inc.(a)

     4,200        23,490  
     

 

 

 
Total Diversified Consumer Services

 

     159,353  
Diversified Financial Services – 1.0%      

eGuarantee, Inc.

     500        9,443  

Fuyo General Lease Co., Ltd.

     1,500        103,439  

Japan Investment Adviser Co., Ltd.

     1,200        18,223  

Japan Securities Finance Co., Ltd.(a)

     6,500        46,941  

Mizuho Leasing Co., Ltd.

     2,200        66,199  

NEC Capital Solutions Ltd.(a)

     1,200        22,002  

Ricoh Leasing Co., Ltd.(a)

     1,500        47,104  
     

 

 

 
Total Diversified Financial Services

 

     313,351  
Diversified Telecommunication Services – 0.3%      

ARTERIA Networks Corp.(a)

     3,600        53,495  

Asahi Net, Inc.

     1,400        10,250  

Internet Initiative Japan, Inc.(a)

     1,400        32,916  
     

 

 

 
Total Diversified Telecommunication Services

 

     96,661  
Electric Utilities – 0.8%      

Hokkaido Electric Power Co., Inc.(a)

     6,500        29,706  

Hokuriku Electric Power Co.(a)

     8,500        58,231  

Okinawa Electric Power Co., Inc. (The)

     4,383        61,520  

Shikoku Electric Power Co., Inc.

     12,400        96,507  
     

 

 

 
Total Electric Utilities

 

     245,964  
Electrical Equipment – 1.4%      

Daihen Corp.

     900        39,624  

Denyo Co., Ltd.

     900        17,039  

Furukawa Electric Co., Ltd.(a)

     2,626        70,581  

GS Yuasa Corp.(a)

     2,300        62,444  

Idec Corp.

     1,200        19,276  

Mabuchi Motor Co., Ltd.

     2,200        96,860  

Nippon Carbon Co., Ltd.

     700        29,425  

Nissin Electric Co., Ltd.

     3,400        38,277  

Nitto Kogyo Corp.

     2,100        38,541  

Tatsuta Electric Wire and Cable Co., Ltd.

     4,100        23,339  
     

 

 

 
Total Electrical Equipment

 

     435,406  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

 

 

Investments    Shares      Value  
Electronic Equipment, Instruments & Components – 5.2%

 

Ai Holdings Corp.

     1,900      $ 37,708  

Alps Alpine Co., Ltd.(a)

     4,000        52,851  

Amano Corp.

     3,500        85,140  

Canon Electronics, Inc.

     2,800        43,634  

Canon Marketing Japan, Inc.

     6,900        153,361  

CONEXIO Corp.

     2,700        33,915  

Daiwabo Holdings Co., Ltd.

     5,000        76,109  

Dexerials Corp.

     3,900        66,776  

Elematec Corp.

     1,958        18,038  

ESPEC Corp.

     1,400        23,426  

Hakuto Co., Ltd.

     2,100        24,326  

Horiba Ltd.

     1,300        82,118  

Innotech Corp.

     2,000        24,036  

Iriso Electronics Co., Ltd.(a)

     400        17,864  

Japan Aviation Electronics Industry Ltd.

     2,400        38,878  

Kaga Electronics Co., Ltd.

     2,000        44,887  

Kyosan Electric Manufacturing Co., Ltd.(a)

     4,600        17,151  

Macnica Fuji Electronics Holdings, Inc.

     3,400        67,969  

Meiko Electronics Co., Ltd.

     700        17,022  

Nichicon Corp.(a)

     3,300        33,478  

Nippon Ceramic Co., Ltd.

     1,100        26,549  

Nippon Electric Glass Co., Ltd.

     7,300        169,453  

Nippon Signal Co., Ltd.

     3,100        27,521  

Nissha Co., Ltd.

     2,100        26,036  

Nohmi Bosai Ltd.

     2,166        42,144  

Oki Electric Industry Co., Ltd.

     5,900        61,403  

Optex Group Co., Ltd.

     1,300        19,412  

Osaki Electric Co., Ltd.

     3,300        18,217  

Restar Holdings Corp.

     2,500        46,154  

Riken Keiki Co., Ltd.

     800        19,946  

Ryoden Corp.(a)

     1,700        25,369  

Ryosan Co., Ltd.

     1,500        30,665  

Sanshin Electronics Co., Ltd.(a)

     1,500        27,217  

Siix Corp.

     1,600        23,631  

Tachibana Eletech Co., Ltd.(a)

     1,500        21,910  

Tokyo Electron Device Ltd.

     700        24,674  

Tsuzuki Denki Co., Ltd.

     1,700        25,492  

V Technology Co., Ltd.(a)

     400        19,729  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     1,614,209  
Energy Equipment & Services – 0.1%      

Toyo Kanetsu K.K.

     1,000        24,570  
Entertainment – 1.0%      

Akatsuki, Inc.

     300        12,149  

Avex, Inc.(a)

     3,200        39,588  

COLOPL, Inc.(a)

     3,200        24,152  

Daiichikosho Co., Ltd.

     2,600        100,941  

GungHo Online Entertainment, Inc.

     1,500        29,674  

Marvelous, Inc.

     3,400        26,492  

Toei Animation Co., Ltd.(a)

     900        96,516  
     

 

 

 
Total Entertainment

 

     329,512  
Food & Staples Retailing – 2.6%      

Aeon Hokkaido Corp.

     2,000        21,937  

Ain Holdings, Inc.(a)

     400        25,846  

Arcs Co., Ltd.

     2,000      43,276  

Axial Retailing, Inc.(a)

     800        34,860  

Belc Co., Ltd.

     600        33,502  

Cawachi Ltd.

     800        20,858  

cocokara fine, Inc.(a)

     600        46,208  

Create SD Holdings Co., Ltd.

     1,700        55,385  

G-7 Holdings, Inc.

     1,400        33,435  

Heiwado Co., Ltd.(a)

     1,400        28,431  

Inageya Co., Ltd.(a)

     1,000        14,986  

JM Holdings Co., Ltd.

     900        18,529  

Kato Sangyo Co., Ltd.

     1,500        48,529  

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

     200        15,348  

Life Corp.

     1,500        45,814  

Maxvalu Tokai Co., Ltd.

     1,100        25,823  

Mitsubishi Shokuhin Co., Ltd.

     1,500        42,014  

Nihon Chouzai Co., Ltd.

     1,100        17,769  

Okuwa Co., Ltd.

     1,800        19,710  

Qol Holdings Co., Ltd.

     1,300        18,306  

Retail Partners Co., Ltd.

     1,000        12,579  

San-A Co., Ltd.

     600        25,005  

United Super Markets Holdings, Inc.

     2,800        29,546  

Valor Holdings Co., Ltd.(a)

     2,500        56,267  

Yaoko Co., Ltd.(a)

     800        49,231  

Yokohama Reito Co., Ltd.

     2,400        19,830  
     

 

 

 
Total Food & Staples Retailing

 

     803,024  
Food Products – 3.1%      

Ariake Japan Co., Ltd.

     500        30,362  

DyDo Group Holdings, Inc.

     300        14,443  

Feed One Co., Ltd.

     2,700        22,358  

Fuji Oil Holdings, Inc.(a)

     3,251        86,880  

Fujicco Co., Ltd.(a)

     1,100        19,412  

Hokuto Corp.

     2,100        39,662  

Itoham Yonekyu Holdings, Inc.

     14,700        96,980  

J-Oil Mills, Inc.

     1,400        25,276  

Kakiyasu Honten Co., Ltd.

     700        16,718  

Kameda Seika Co., Ltd.

     500        21,810  

Kotobuki Spirits Co., Ltd.

     400        26,027  

Kyokuyo Co., Ltd.(a)

     900        24,882  

Marudai Food Co., Ltd.

     1,100        17,082  

Maruha Nichiro Corp.

     1,400        33,258  

Megmilk Snow Brand Co., Ltd.

     1,700        34,600  

Mitsui Sugar Co., Ltd.

     1,300        23,082  

Morinaga & Co., Ltd.

     1,300        46,529  

Morinaga Milk Industry Co., Ltd.

     1,300        68,471  

Nippn Corp.

     2,400        35,989  

Nippon Suisan Kaisha Ltd.

     9,700        46,701  

Nisshin Oillio Group Ltd. (The)

     1,300        38,412  

Prima Meat Packers Ltd.

     2,100        66,326  

Riken Vitamin Co., Ltd.

     1,800        22,235  

Rock Field Co., Ltd.(a)

     1,100        16,794  

S Foods, Inc.

     800        27,403  

Sakata Seed Corp.

     600        22,208  

Showa Sangyo Co., Ltd.(a)

     1,500        42,149  
     

 

 

 
Total Food Products

 

     966,049  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

 

 

Investments    Shares      Value  
Gas Utilities – 0.4%      

Nippon Gas Co., Ltd.(a)

     4,200      $ 73,205  

Saibu Gas Co., Ltd.

     1,600        45,901  

Shizuoka Gas Co., Ltd.

     2,400        21,611  
     

 

 

 
Total Gas Utilities

 

     140,717  
Health Care Equipment & Supplies – 1.2%      

Daiken Medical Co., Ltd.

     1,900        10,472  

Eiken Chemical Co., Ltd.

     1,000        19,575  

Hogy Medical Co., Ltd.

     1,000        30,543  

Japan Lifeline Co., Ltd.

     3,000        38,036  

Jeol Ltd.

     700        27,810  

Mani, Inc.

     1,200        30,190  

Menicon Co., Ltd.

     300        17,729  

Nagaileben Co., Ltd.

     1,400        34,715  

Nakanishi, Inc.

     2,200        45,891  

Nihon Kohden Corp.

     1,900        55,538  

Nipro Corp.(a)

     2,623        31,737  

Paramount Bed Holdings Co., Ltd.

     2,006        42,716  
     

 

 

 
Total Health Care Equipment & Supplies

 

     384,952  
Health Care Providers & Services – 1.3%      

As One Corp.

     400        50,353  

BML, Inc.

     1,000        34,615  

France Bed Holdings Co., Ltd.

     2,400        21,046  

H.U. Group Holdings, Inc.(a)

     2,600        87,412  

Ship Healthcare Holdings, Inc.

     3,318        93,384  

Solasto Corp.

     2,100        27,139  

Toho Holdings Co., Ltd.

     2,000        36,742  

Tokai Corp.

     900        19,637  

Vital KSK Holdings, Inc.

     3,200        22,849  

WIN-Partners Co., Ltd.(a)

     1,600        15,233  
     

 

 

 
Total Health Care Providers & Services

 

     408,410  
Hotels, Restaurants & Leisure – 1.3%      

Doutor Nichires Holdings Co., Ltd.

     900        14,009  

Fuji Kyuko Co., Ltd.

     300        15,964  

Hiday Hidaka Corp.(a)

     1,422        23,125  

Ichibanya Co., Ltd.(a)

     1,000        43,620  

KFC Holdings Japan Ltd.

     1,000        26,869  

KOMEDA Holdings Co., Ltd.

     1,700        31,000  

Koshidaka Holdings Co., Ltd.(a)

     4,400        23,732  

Kyoritsu Maintenance Co., Ltd.(a)

     700        23,217  

MOS Food Services, Inc.(a)

     700        20,588  

Ohsho Food Service Corp.(a)

     700        36,869  

Resorttrust, Inc.

     2,600        43,482  

Saizeriya Co., Ltd.(a)

     900        18,530  

St. Marc Holdings Co., Ltd.

     1,300        20,247  

Sushiro Global Holdings Ltd.

     1,000        44,253  

Tokyotokeiba Co., Ltd.

     700        35,412  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     420,917  
Household Durables – 1.7%      

ES-Con Japan Ltd.

     4,700        33,389  

FJ Next Co., Ltd.(a)

     2,500        25,385  

Foster Electric Co., Ltd.

     1,200        14,183  

Fuji Corp., Ltd.(a)

     2,900      19,447  

Hinokiya Group Co., Ltd.

     1,400        31,826  

Hoosiers Holdings(a)

     5,400        36,016  

Ki-Star Real Estate Co., Ltd.

     700        25,561  

LEC, Inc.(a)

     1,000        11,430  

Pressance Corp.(a)

     2,117        32,358  

Sanei Architecture Planning Co., Ltd.

     1,200        19,157  

Sangetsu Corp.

     3,400        51,600  

Sumitomo Forestry Co., Ltd.

     4,700        101,486  

Tama Home Co., Ltd.

     2,100        41,696  

Tamron Co., Ltd.

     1,900        37,072  

Toa Corp.

     2,300        20,044  

Zojirushi Corp.

     1,600        28,018  
     

 

 

 
Total Household Durables

 

     528,668  
Household Products – 0.2%      

Earth Corp.

     700        42,190  

ST Corp.

     1,000        17,692  
     

 

 

 
Total Household Products

 

     59,882  
Independent Power & Renewable Electricity Producers – 0.9%

 

Electric Power Development Co., Ltd.(a)

     13,500        236,281  

eRex Co., Ltd.

     1,000        16,706  

West Holdings Corp.(a)

     1,300        40,529  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     293,516  
Industrial Conglomerates – 0.4%      

Nisshinbo Holdings, Inc.

     8,700        64,876  

TOKAI Holdings Corp.

     6,300        54,505  
     

 

 

 
Total Industrial Conglomerates

 

     119,381  
Interactive Media & Services – 0.2%      

Dip Corp.

     2,000        52,470  

MTI Ltd.

     1,700        12,431  
     

 

 

 
Total Interactive Media & Services

 

     64,901  
Internet & Direct Marketing Retail – 0.2%      

ASKUL Corp.

     1,200        45,937  

Belluna Co., Ltd.

     2,500        29,366  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     75,303  
IT Services – 2.5%      

Comture Corp.

     500        12,081  

Digital Garage, Inc.

     500        20,385  

DTS Corp.

     2,100        48,005  

Future Corp.(a)

     1,500        27,149  

GMO GlobalSign Holdings K.K.

     100        6,145  

GMO Internet, Inc.

     1,500        43,032  

ID Holdings Corp.

     1,100        12,692  

Ines Corp.

     1,400        16,838  

Infocom Corp.

     900        22,919  

Infomart Corp.

     1,700        14,662  

Information Services International-Dentsu Ltd.

     1,700        60,231  

Itfor, Inc.

     2,000        15,023  

JBCC Holdings, Inc.

     1,400        18,776  

Kanematsu Electronics Ltd.

     1,900        64,136  

Mitsubishi Research Institute, Inc.

     900        33,557  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

 

 

Investments    Shares      Value  

NEC Networks & System Integration Corp.

     4,500      $ 79,330  

NS Solutions Corp.

     2,600        82,588  

NSD Co., Ltd.

     3,300        54,980  

SB Technology Corp.(a)

     600        17,430  

TDC Soft, Inc.(a)

     1,500        13,833  

TechMatrix Corp.

     600        10,681  

TKC Corp.

     2,000        63,710  

Transcosmos, Inc.

     1,100        29,725  

Uchida Yoko Co., Ltd.

     200        8,914  
     

 

 

 
Total IT Services

 

     776,822  
Leisure Products – 1.1%      

Furyu Corp.

     1,900        18,501  

GLOBERIDE, Inc.

     300        11,606  

Heiwa Corp.(a)

     6,800        111,200  

Mizuno Corp.

     1,300        25,577  

Sankyo Co., Ltd.

     5,400        143,332  

Tomy Co., Ltd.

     3,200        29,104  
     

 

 

 
Total Leisure Products

 

     339,320  
Life Sciences Tools & Services – 0.1%      

EPS Holdings, Inc.

     1,700        17,385  
Machinery – 4.7%      

Aichi Corp.

     3,000        24,163  

Aida Engineering Ltd.

     3,000        26,986  

Alinco, Inc.(a)

     2,200        19,611  

CKD Corp.

     800        16,702  

DMG Mori Co., Ltd.

     3,700        60,740  

Ebara Corp.

     2,100        85,805  

Fujitec Co., Ltd.

     3,100        66,152  

Furukawa Co., Ltd.

     2,600        31,435  

Giken Ltd.

     900        40,643  

Glory Ltd.

     2,200        47,385  

Hitachi Zosen Corp.(a)

     8,035        65,080  

Japan Steel Works Ltd. (The)

     1,503        35,732  

Juki Corp.

     1,900        15,303  

Kitz Corp.

     3,100        17,983  

Kyokuto Kaihatsu Kogyo Co., Ltd.

     1,500        22,453  

Meidensha Corp.

     1,600        34,853  

METAWATER Co., Ltd.(a)

     1,400        28,063  

Mitsubishi Logisnext Co., Ltd.(a)

     1,900        22,284  

Mitsuboshi Belting Ltd.

     1,400        22,565  

Morita Holdings Corp.

     1,600        25,875  

Nachi-Fujikoshi Corp.

     700        30,502  

Nikkiso Co., Ltd.

     1,800        18,358  

Nikko Co., Ltd.

     3,100        20,508  

Nissei ASB Machine Co., Ltd.

     300        14,281  

Nitta Corp.(a)

     900        21,453  

Noritake Co., Ltd.

     500        16,063  

Obara Group, Inc.(a)

     700        23,977  

Oiles Corp.(a)

     1,600        24,529  

OKUMA Corp.

     600        34,480  

Organo Corp.

     400        24,036  

OSG Corp.

     2,500        44,593  

Sansei Technologies, Inc.

     2,500        17,828  

Shibaura Machine Co., Ltd.

     1,900      48,059  

Shibuya Corp.

     600        19,276  

Shinmaywa Industries Ltd.

     4,300        39,770  

Shinwa Co., Ltd.

     1,300        25,588  

Sodick Co., Ltd.(a)

     2,500        23,281  

Star Micronics Co., Ltd.(a)

     2,200        32,851  

Sumitomo Heavy Industries Ltd.(a)

     2,600        72,353  

Takeuchi Manufacturing Co., Ltd.

     1,100        30,810  

Takuma Co., Ltd.

     1,900        41,215  

Technoflex Corp.

     1,100        10,303  

Teikoku Electric Manufacturing Co., Ltd.(a)

     1,800        21,535  

Tocalo Co., Ltd.

     1,800        23,587  

Tsubakimoto Chain Co.

     1,700        46,923  

Tsugami Corp.

     1,100        16,555  

Union Tool Co.

     500        15,928  

YAMABIKO Corp.

     1,400        15,558  
     

 

 

 
Total Machinery

 

     1,484,013  
Marine – 1.1%      

Iino Kaiun Kaisha Ltd.

     7,600        36,453  

Mitsui OSK Lines Ltd.(a)

     2,600        91,176  

Nippon Yusen K.K.(a)

     5,800        198,145  

NS United Kaiun Kaisha Ltd.

     1,400        23,882  
     

 

 

 
Total Marine

 

     349,656  
Media – 1.1%      

FAN Communications, Inc.

     4,800        17,897  

Gakken Holdings Co., Ltd.

     1,000        13,204  

Intage Holdings, Inc.

     2,800        32,966  

Kadokawa Corp.

     1,700        66,077  

Proto Corp.

     1,300        13,776  

SKY Perfect JSAT Holdings, Inc.

     15,700        69,904  

Tow Co., Ltd.

     4,100        11,910  

Tv Tokyo Holdings Corp.

     800        17,274  

ValueCommerce Co., Ltd.

     700        22,742  

Wowow, Inc.

     1,700        43,262  

Zenrin Co., Ltd.

     1,800        21,584  
     

 

 

 
Total Media

 

     330,596  
Metals & Mining – 2.8%      

Asahi Holdings, Inc.(a)

     7,200        138,005  

Daido Steel Co., Ltd.(a)

     1,300        60,118  

Daiki Aluminium Industry Co., Ltd.

     4,200        40,746  

Dowa Holdings Co., Ltd.

     2,500        104,186  

Godo Steel Ltd.

     2,900        57,055  

Kurimoto Ltd.

     1,500        23,769  

Kyoei Steel Ltd.

     3,800        57,086  

Maruichi Steel Tube Ltd.

     4,200        95,973  

Mitsubishi Materials Corp.

     3,900        91,200  

Mitsui Mining & Smelting Co., Ltd.(a)

     2,200        76,453  

Toho Titanium Co., Ltd.

     2,700        24,312  

Tokyo Steel Manufacturing Co., Ltd.(a)

     7,600        58,255  

Tokyo Tekko Co., Ltd.

     900        15,377  

UACJ Corp.*

     953        23,010  
     

 

 

 
Total Metals & Mining

 

     865,545  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

 

 

Investments    Shares      Value  
Multiline Retail – 0.6%      

Izumi Co., Ltd.

     2,300      $ 90,231  

MrMax Holdings Ltd.

     1,700        11,061  

Takashimaya Co., Ltd.

     7,200        76,952  
     

 

 

 
Total Multiline Retail

 

     178,244  
Oil, Gas & Consumable Fuels – 1.3%      

Cosmo Energy Holdings Co., Ltd.(a)

     6,400        152,731  

Itochu Enex Co., Ltd.

     8,600        84,988  

Iwatani Corp.

     1,700        105,077  

Sala Corp.

     3,900        21,635  

San-Ai Oil Co., Ltd.

     2,800        33,271  

Sinanen Holdings Co., Ltd.

     700        19,290  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     416,992  
Paper & Forest Products – 0.6%      

Daiken Corp.

     1,400        27,924  

Daio Paper Corp.

     3,300        56,712  

Hokuetsu Corp.

     9,000        42,190  

Nippon Paper Industries Co., Ltd.(a)

     5,500        66,000  
     

 

 

 
Total Paper & Forest Products

 

     192,826  
Personal Products – 0.6%      

Kitanotatsujin Corp.

     1,300        7,494  

Mandom Corp.

     1,800        34,013  

Milbon Co., Ltd.

     500        27,466  

Noevir Holdings Co., Ltd.(a)

     2,100        95,403  

Shinnihonseiyaku Co., Ltd.

     600        12,695  
     

 

 

 
Total Personal Products

 

     177,071  
Pharmaceuticals – 2.1%      

Fuji Pharma Co., Ltd.

     1,600        18,447  

Kaken Pharmaceutical Co., Ltd.

     3,500        137,308  

KYORIN Holdings, Inc.(a)

     5,500        95,964  

Mochida Pharmaceutical Co., Ltd.

     1,200        46,588  

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

     2,700        24,312  

Sawai Pharmaceutical Co., Ltd.

     2,300        110,421  

Seikagaku Corp.

     2,400        22,458  

Taiko Pharmaceutical Co., Ltd.(a)

     1,000        11,294  

Towa Pharmaceutical Co., Ltd.

     1,600        35,374  

Tsumura & Co.

     3,400        121,692  

ZERIA Pharmaceutical Co., Ltd.(a)

     2,200        41,870  
     

 

 

 
Total Pharmaceuticals

 

     665,728  
Professional Services – 2.3%      

Altech Corp.

     1,550        30,734  

BayCurrent Consulting, Inc.

     200        45,701  

BeNEXT Group, Inc.(a)

     4,735        75,460  

en-japan, Inc.

     1,700        52,538  

Forum Engineering, Inc.

     2,300        22,084  

FULLCAST Holdings Co., Ltd.

     1,100        19,890  

Funai Soken Holdings, Inc.

     1,340        26,024  

IR Japan Holdings Ltd.

     200        24,199  

JAC Recruitment Co., Ltd.

     3,000        47,376  

Meitec Corp.

     1,700        94,000  

Nexyz Group Corp.

     1,200        11,989  

Nisso Corp.

     2,200        17,102  

Nomura Co., Ltd.

     6,600      54,831  

Outsourcing, Inc.

     3,100        50,049  

SMS Co., Ltd.

     400        12,235  

Tanseisha Co., Ltd.

     3,800        30,297  

TechnoPro Holdings, Inc.

     900        75,095  

Weathernews, Inc.

     400        19,077  
     

 

 

 
Total Professional Services

 

     708,681  
Real Estate Management & Development – 2.5%      

Aoyama Zaisan Networks Co., Ltd. (a)

     1,000        14,480  

Daibiru Corp.(a)

     2,900        37,451  

Goldcrest Co., Ltd.(a)

     3,000        46,045  

Heiwa Real Estate Co., Ltd.

     1,700        53,154  

Ichigo, Inc.

     16,500        48,828  

Katitas Co., Ltd.

     1,600        44,742  

Keihanshin Building Co., Ltd.(a)

     1,700        22,908  

Nippon Commercial Development Co., Ltd.

     1,700        26,415  

Raysum Co., Ltd.(a)

     2,900        23,672  

SAMTY Co., Ltd.(a)

     3,000        55,059  

Shinoken Group Co., Ltd.

     3,500        40,131  

Star Mica Holdings Co., Ltd.

     800        8,789  

Starts Corp., Inc.

     2,700        70,982  

Sun Frontier Fudousan Co., Ltd.

     3,700        32,379  

Takara Leben Co., Ltd.

     10,900        36,794  

TOC Co., Ltd.(a)

     2,800        19,967  

Tokyo Tatemono Co., Ltd.

     11,100        168,861  

Tosei Corp.

     2,800        28,329  
     

 

 

 
Total Real Estate Management & Development

 

     778,986  
Road & Rail – 1.5%      

Fukuyama Transporting Co., Ltd.

     700        28,887  

Hamakyorex Co., Ltd.

     800        23,493  

Ichinen Holdings Co., Ltd.(a)

     1,300        15,871  

Maruzen Showa Unyu Co., Ltd.

     800        23,493  

Nikkon Holdings Co., Ltd.(a)

     2,500        50,294  

Nishi-Nippon Railroad Co., Ltd.

     1,200        32,112  

Sakai Moving Service Co., Ltd.

     300        13,453  

Sankyu, Inc.

     1,700        74,769  

Seino Holdings Co., Ltd.

     9,500        132,570  

Senko Group Holdings Co., Ltd.(a)

     6,900        65,441  
     

 

 

 
Total Road & Rail

 

     460,383  
Semiconductors & Semiconductor Equipment – 1.3%

 

Ferrotec Holdings Corp.

     1,400        27,987  

Japan Material Co., Ltd.

     2,300        27,267  

Mimasu Semiconductor Industry Co., Ltd.

     1,000        24,697  

Optorun Co., Ltd.

     1,800        44,682  

Rorze Corp.

     300        21,231  

SCREEN Holdings Co., Ltd.

     400        35,258  

Shinko Electric Industries Co., Ltd.

     2,400        74,389  

Tokyo Seimitsu Co., Ltd.

     1,300        59,294  

Ulvac, Inc.

     1,600        67,403  

Yamaichi Electronics Co., Ltd.(a)

     1,700        23,046  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     405,254  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

 

 

Investments    Shares      Value  
Software – 0.8%      

Broadleaf Co., Ltd.(a)

     3,400      $ 16,708  

Computer Engineering & Consulting Ltd.

     1,500        19,507  

Cresco Ltd.(a)

     1,300        18,977  

Cybernet Systems Co., Ltd.

     1,900        15,062  

Digital Arts, Inc.

     200        17,539  

Fuji Soft, Inc.

     400        20,742  

Fukui Computer Holdings, Inc.

     500        17,941  

Miroku Jyoho Service Co., Ltd.(a)

     900        16,786  

SRA Holdings(a)

     1,600        39,254  

Systena Corp.

     2,700        54,049  

UNITED, Inc.(a)

     1,000        12,606  
     

 

 

 
Total Software

 

     249,171  
Specialty Retail – 2.9%      

Adastria Co., Ltd.

     1,622        29,783  

Alleanza Holdings Co., Ltd.(a)

     1,400        16,838  

Alpen Co., Ltd.

     1,100        23,633  

Arcland Sakamoto Co., Ltd.

     1,000        15,385  

Autobacs Seven Co., Ltd.

     5,200        70,588  

Bic Camera, Inc.

     4,800        53,864  

Chiyoda Co., Ltd.

     3,400        30,492  

DCM Holdings Co., Ltd.

     6,900        72,309  

EDION Corp.(a)

     7,200        80,731  

Geo Holdings Corp.(a)

     1,400        15,052  

Honeys Holdings Co., Ltd.

     1,900        18,604  

Joshin Denki Co., Ltd.

     800        22,878  

Joyful Honda Co., Ltd.

     4,400        57,140  

Keiyo Co., Ltd.(a)

     2,400        15,920  

Kohnan Shoji Co., Ltd.

     1,200        34,588  

Kojima Co., Ltd.

     2,500        15,973  

Komeri Co., Ltd.

     1,700        47,462  

Nafco Co., Ltd.

     1,300        25,165  

Nojima Corp.

     1,600        40,717  

PAL GROUP Holdings Co., Ltd.

     3,100        42,923  

PC Depot Corp.(a)

     2,500        11,199  

T-Gaia Corp.

     2,900        50,310  

VT Holdings Co., Ltd.

     9,354        37,755  

World Co., Ltd.*

     2,200        29,426  

Xebio Holdings Co., Ltd.

     2,800        23,718  

Yellow Hat Ltd.

     2,100        35,976  
     

 

 

 
Total Specialty Retail

 

     918,429  
Technology Hardware, Storage & Peripherals – 0.5%

 

Eizo Corp.

     900        34,005  

Elecom Co., Ltd.(a)

     2,400        53,343  

MCJ Co., Ltd.

     5,700        49,675  

Wacom Co., Ltd.

     3,600        24,206  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     161,229  
Textiles, Apparel & Luxury Goods – 1.4%      

Asics Corp.

     3,400        54,308  

Baroque Japan Ltd.(a)

     3,800        27,064  

Fujibo Holdings, Inc.

     700        25,339  

Gunze Ltd.

     900        33,842  

Japan Wool Textile Co., Ltd. (The)

     5,200        48,471  

Kurabo Industries Ltd.

     1,000        17,357  

Onward Holdings Co., Ltd.(a)

     25,439        71,828  

Seiko Holdings Corp.(a)

     3,500      59,452  

Seiren Co., Ltd.

     1,900        33,461  

Wacoal Holdings Corp.

     2,100        46,656  

Yondoshi Holdings, Inc.(a)

     1,700        29,615  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     447,393  
Thrifts & Mortgage Finance – 0.1%      

Aruhi Corp.(a)

     1,400        22,869  
Trading Companies & Distributors – 3.0%      

Advan Co., Ltd.

     1,400        12,885  

Alconix Corp.

     1,400        20,956  

Chori Co., Ltd.

     1,000        15,249  

Gecoss Corp.

     2,800        24,402  

Hanwa Co., Ltd.

     1,300        39,941  

Inaba Denki Sangyo Co., Ltd.

     2,300        55,533  

Inabata & Co., Ltd.

     3,100        46,514  

Kamei Corp.

     1,600        17,984  

Kanamoto Co., Ltd.

     1,300        33,894  

Kanematsu Corp.

     7,000        94,136  

Nagase & Co., Ltd.(a)

     6,500        101,706  

Nichiden Corp.(a)

     900        17,837  

Nippon Steel Trading Corp.

     1,496        54,898  

Nishio Rent All Co., Ltd.

     1,200        32,514  

Onoken Co., Ltd.

     2,200        27,515  

Sanyo Trading Co., Ltd.

     1,800        18,782  

Sojitz Corp.(a)

     77,100        217,694  

Trusco Nakayama Corp.

     900        23,929  

Wakita & Co., Ltd.

     2,400        21,698  

Yamazen Corp.

     2,800        26,404  

Yuasa Trading Co., Ltd.

     1,400        39,529  
     

 

 

 
Total Trading Companies & Distributors

 

     944,000  
Transportation Infrastructure – 0.4%      

Kamigumi Co., Ltd.

     3,400        64,523  

Mitsubishi Logistics Corp.(a)

     2,000        61,267  

Nissin Corp.

     1,000        13,158  
     

 

 

 
Total Transportation Infrastructure

 

     138,948  
Wireless Telecommunication Services – 0.2%

 

Okinawa Cellular Telephone Co.

     1,700        78,154  

TOTAL COMMON STOCKS

(Cost: $30,744,664)

              30,762,359  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.3%

 

United States – 12.3%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(b)

     
(Cost: $3,862,845)      3,862,845        3,862,845  

TOTAL INVESTMENTS IN SECURITIES – 110.5%

(Cost: $34,607,509)

        34,625,204  

Other Assets less Liabilities – (10.5)%

        (3,293,374
     

 

 

 
NET ASSETS – 100.0%             $ 31,331,830  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $7,229,453 and the total market value of the collateral held by the Fund was $7,696,627. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,833,782.

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

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

Bank of America N.A.

    4/5/2021       228,572,981       JPY       2,068,472       USD     $ 129      $  

Bank of America N.A.

    4/5/2021       195,921,135       JPY       1,772,989       USD       111         

Bank of America N.A.

    4/5/2021       2,068,472       USD       220,298,680       JPY       74,754         

Bank of America N.A.

    5/10/2021       2,226,848       USD       245,998,339       JPY              (184

Bank of America N.A.

    5/10/2021       1,908,735       USD       210,856,619       JPY              (158

Bank of Montreal

    4/5/2021       228,561,398       JPY       2,068,472       USD       24         

Bank of Montreal

    4/5/2021       2,068,472       USD       220,291,854       JPY       74,816         

Bank of Montreal

    5/10/2021       2,226,848       USD       245,985,869       JPY              (72

Canadian Imperial Bank of Commerce

    4/5/2021       228,570,706       JPY       2,068,472       USD       109         

Canadian Imperial Bank of Commerce

    4/5/2021       2,068,472       USD       220,299,714       JPY       74,744         

Canadian Imperial Bank of Commerce

    5/10/2021       2,226,848       USD       246,000,343       JPY              (203

Citibank N.A.

    4/5/2021       228,558,295       JPY       2,068,472       USD              (4

Citibank N.A.

    4/5/2021       2,068,472       USD       220,295,370       JPY       74,784         

Citibank N.A.

    5/10/2021       2,226,848       USD       245,990,323       JPY              (112

Commonwealth Bank of Australia

    4/5/2021       228,572,981       JPY       2,068,472       USD       129         

Commonwealth Bank of Australia

    5/10/2021       2,226,848       USD       245,999,007       JPY              (191

Credit Suisse International

    4/5/2021       228,553,745       JPY       2,068,472       USD              (45

Credit Suisse International

    4/5/2021       2,068,472       USD       220,308,195       JPY       74,668         

Credit Suisse International

    5/10/2021       2,226,848       USD       246,006,133       JPY              (255

Goldman Sachs

    4/5/2021       228,563,260       JPY       2,068,472       USD       41         

Goldman Sachs

    4/5/2021       2,068,472       USD       220,291,440       JPY       74,819         

Goldman Sachs

    5/10/2021       2,226,848       USD       245,983,642       JPY              (51

HSBC Holdings PLC

    4/5/2021       228,561,605       JPY       2,068,472       USD       26         

HSBC Holdings PLC

    4/5/2021       2,068,472       USD       220,292,474       JPY       74,810         

HSBC Holdings PLC

    5/10/2021       2,226,848       USD       245,989,877       JPY              (108

JP Morgan Chase Bank N.A.

    4/5/2021       228,563,053       JPY       2,068,472       USD       39         

JP Morgan Chase Bank N.A.

    4/5/2021       2,068,472       USD       220,295,577       JPY       74,782         

JP Morgan Chase Bank N.A.

    5/10/2021       2,226,848       USD       245,990,991       JPY              (118

Royal Bank of Canada

    4/5/2021       326,510,484       JPY       2,954,961       USD              (19

Royal Bank of Canada

    4/5/2021       2,068,472       USD       220,287,924       JPY       74,851         

Royal Bank of Canada

    4/5/2021       4,727,950       USD       503,516,746       JPY       171,089         

Royal Bank of Canada

    5/10/2021       3,181,212       USD       351,408,766       JPY              (105

Societe Generale

    4/5/2021       228,570,292       JPY       2,068,472       USD       105         

Societe Generale

    4/5/2021       2,068,472       USD       220,302,610       JPY       74,718         

Societe Generale

    5/10/2021       2,226,848       USD       245,995,444       JPY              (158

Standard Chartered Bank

    4/5/2021       228,555,813       JPY       2,068,472       USD              (26

Standard Chartered Bank

    4/5/2021       2,068,472       USD       220,312,953       JPY       74,625         

Standard Chartered Bank

    5/10/2021       2,226,848       USD       246,009,919       JPY              (289

UBS AG

    4/5/2021       228,556,847       JPY       2,068,472       USD              (17

UBS AG

    4/5/2021       2,068,472       USD       220,292,268       JPY       74,812         

UBS AG

    5/10/2021       2,226,848       USD       245,991,213       JPY              (120
                                            $ 1,068,985      $ (2,235

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (concluded)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

           

Construction & Engineering

   $ 2,043,808      $ 18,751      $      $ 2,062,559  

Pharmaceuticals

     555,307        110,421               665,728  

Other

     28,034,072                      28,034,072  

Investment of Cash Collateral for Securities Loaned

            3,862,845               3,862,845  

Total Investments in Securities

   $ 30,633,187      $ 3,992,017      $      $ 34,625,204  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 1,068,985      $      $ 1,068,985  

Liabilities:

        

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (2,235    $      $ (2,235

Total – Net

   $ 30,633,187      $ 5,058,767      $      $ 35,691,954  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2021

 

 

 

    

WisdomTree

Europe

Hedged
Equity Fund

   

WisdomTree
Europe

Hedged
SmallCap
Equity Fund

    WisdomTree
Germany
Hedged
Equity Fund
   

WisdomTree
International
Hedged

Quality

Dividend
Growth Fund

    WisdomTree
Japan Hedged
Equity Fund
    WisdomTree
Japan Hedged
SmallCap
Equity Fund
 

ASSETS:

 

Investments, at cost

  $ 1,675,861,283     $ 32,906,210     $ 27,316,109     $ 722,078,053     $ 1,612,583,123     $ 34,607,509  

Investment in affiliates, at cost (Note 3)

                      1,253,858              

Foreign currency, at cost

    714,732       110,267       20,080       573,057       3,842,144       71,303  

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

    1,983,485,534       38,148,343       31,020,404       900,620,602       1,685,385,885       34,625,204  

Investment in affiliates, at value (Note 3)

                      1,615,390              

Cash

    52,600       1,859       241       321,314       1,065,797       3,547  

Foreign currency, at value

    716,282       110,507       19,545       569,890       3,840,417       71,303  

Unrealized appreciation on foreign currency contracts

    60,999,016       1,165,667       942,570       23,168,001       58,546,393       1,068,985  

Receivables:

 

Capital shares sold

                            12,202,921        

Dividends

    2,041,475       93,537             6,616,554       16,046,562       353,858  

Securities lending income

    19,752       1,976             15,883       28,860       1,494  

Foreign tax reclaims

    4,539,403       190,422       409,276       2,334,211              

Total Assets

    2,051,854,062       39,712,311       32,392,036       935,261,845       1,777,116,835       36,124,391  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

    1,672,261       2,181       1,916       50,265       1,642,096       2,235  

Payables:

 

Cash collateral received for securities loaned (Note 2)

    53,738,416       1,050,216             13,942,780       37,359,605       3,862,845  

Investment securities purchased

    57,842,463       1,288,862       918,829       21,337,216       62,695,875       912,105  

Advisory fees (Note 3)

    925,946       17,917       12,360       437,227       654,528       15,260  

Service fees (Note 2)

    7,024       138       114       3,301       6,000       116  

Total Liabilities

    114,186,110       2,359,314       933,219       35,770,789       102,358,104       4,792,561  

NET ASSETS

  $ 1,937,667,952     $ 37,352,997     $ 31,458,817     $ 899,491,056     $ 1,674,758,731     $ 31,331,830  

NET ASSETS:

 

Paid-in capital

  $ 3,831,999,242     $ 58,129,724     $ 61,662,514     $ 768,619,254     $ 3,387,871,403     $ 54,636,381  

Total distributable earnings (loss)

    (1,894,331,290     (20,776,727     (30,203,697     130,871,802       (1,713,112,672     (23,304,551

NET ASSETS

  $ 1,937,667,952     $ 37,352,997     $ 31,458,817     $ 899,491,056     $ 1,674,758,731     $ 31,331,830  

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

    26,650,000       1,100,000       900,000       21,850,000       27,450,000       700,000  

Net asset value per share

  $ 72.71     $ 33.96     $ 34.95     $ 41.17     $ 61.01     $ 44.76  

1 Includes market value of securities out on loan of:

  $ 72,564,979     $ 1,299,046           $ 54,459,474     $ 173,972,974     $ 7,229,453  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

    

WisdomTree
Europe

Hedged
Equity Fund

   

WisdomTree
Europe

Hedged
SmallCap
Equity Fund

    WisdomTree
Germany
Hedged
Equity Fund
    WisdomTree
International
Hedged
Quality
Dividend
Growth Fund
    WisdomTree
Japan Hedged
Equity Fund
    WisdomTree
Japan Hedged
SmallCap
Equity Fund
 

INVESTMENT INCOME:

 

Dividends1

  $ 50,104,346     $ 1,149,081     $ 997,996     $ 23,199,527     $ 39,808,960     $ 717,338  

Dividends from affiliates (Note 3)

                      41,591              

Non-cash dividends

    15,177,930       398,356       181,644       76,936              

Securities lending income, net (Note 2)

    413,393       39,775       6,954       158,552       247,278       18,563  

Total investment income

    65,695,669       1,587,212       1,186,594       23,476,606       40,056,238       735,901  

EXPENSES:

 

Advisory fees (Note 3)

    11,233,077       220,289       147,466       4,603,139       7,635,208       189,257  

Service fees (Note 2)

    85,217       1,671       1,353       34,921       69,989       1,436  

Total expenses

    11,318,294       221,960       148,819       4,638,060       7,705,197       190,693  

Expense waivers (Note 3)

                      (4,133            

Net expenses

    11,318,294       221,960       148,819       4,633,927       7,705,197       190,693  

Net investment income

    54,377,375       1,365,252       1,037,775       18,842,679       32,351,041       545,208  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions

    (533,784,620     (11,371,387     (4,594,874     11,066,959       (50,225,778     (1,196,837

Investment transactions in affiliates (Note 3)

                      15,366              

In-kind redemptions

    123,140,210       (93,227     1,774,403       39,760,445       17,703,030       (1,825,940

Foreign currency contracts

    (172,044,976     (3,197,079     (2,818,209     (59,488,398     (15,110,082     (208,300

Foreign currency related transactions

    350,072       (2,335     2,882       (285,539     423,400       11,721  

Net realized loss

    (582,339,314     (14,664,028     (5,635,798     (8,931,167     (47,209,430     (3,219,356

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions

    1,200,318,038       28,217,379       18,475,697       217,264,505       573,615,038       11,695,722  

Investment transactions in affiliates (Note 3)

                      620,658              

Foreign currency contracts

    51,214,433       929,757       844,453       14,016,169       56,462,120       953,891  

Translation of assets and liabilities denominated in foreign currencies

    359,861       14,813       26,295       (27,699     (72,945     (2,604

Net increase in unrealized appreciation/depreciation

    1,251,892,332       29,161,949       19,346,445       231,873,633       630,004,213       12,647,009  

Net realized and unrealized gain on investments

    669,553,018       14,497,921       13,710,647       222,942,466       582,794,783       9,427,653  

Net increase from payment by affiliate (Note 3)

                      1,756,103       22,753        

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

  $ 723,930,393     $ 15,863,173     $ 14,748,422     $ 243,541,248     $ 615,168,577     $ 9,972,861  

1 Net of foreign withholding tax of:

  $ 8,132,662     $ 196,200     $ 134,671     $ 1,754,300     $ 4,423,852     $ 79,593  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     WisdomTree Europe
Hedged Equity Fund
    WisdomTree Europe Hedged
SmallCap Equity Fund
    WisdomTree Germany
Hedged Equity Fund
 
     For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 54,377,375     $ 78,001,113     $ 1,365,252     $ 3,694,613     $ 1,037,775     $ 1,302,782  

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

    (582,339,314     93,711,400       (14,664,028     4,524,788       (5,635,798     459,677  

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

    1,251,892,332       (677,399,979     29,161,949       (20,105,830     19,346,445       (7,954,136

Net increase (decrease) in net assets resulting from operations

    723,930,393       (505,687,466     15,863,173       (11,886,429     14,748,422       (6,191,677

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (53,199,944     (73,070,900     (1,413,257     (3,656,484     (1,043,996     (1,302,508

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    42,516,333       3,557,401                         1,489,195  

Cost of shares redeemed

    (975,850,079     (968,886,044     (26,293,657     (55,930,935     (11,867,822     (15,913,474

Net decrease in net assets resulting from capital share transactions

    (933,333,746     (965,328,643     (26,293,657     (55,930,935     (11,867,822     (14,424,279

Net Increase (Decrease) in Net Assets

    (262,603,297     (1,544,087,009     (11,843,741     (71,473,848     1,836,604       (21,918,464

NET ASSETS:

 

Beginning of year

  $ 2,200,271,249     $ 3,744,358,258     $ 49,196,738     $ 120,670,586     $ 29,622,213     $ 51,540,677  

End of year

  $ 1,937,667,952     $ 2,200,271,249     $ 37,352,997     $ 49,196,738     $ 31,458,817     $ 29,622,213  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    42,450,000       58,600,000       2,100,000       4,000,000       1,300,000       1,800,000  

Shares created

    650,000       50,000                         50,000  

Shares redeemed

    (16,450,000     (16,200,000     (1,000,000     (1,900,000     (400,000     (550,000

Shares outstanding, end of year

    26,650,000       42,450,000       1,100,000       2,100,000       900,000       1,300,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     WisdomTree International Hedged
Quality Dividend Growth Fund
    WisdomTree Japan
Hedged Equity Fund
    WisdomTree Japan Hedged
SmallCap Equity Fund
 
     For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 18,842,679     $ 11,880,724     $ 32,351,041     $ 55,317,643     $ 545,208     $ 1,166,644  

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

    (8,931,167     (13,121,390     (47,209,430     (190,703,201     (3,219,356     (5,283,312

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

    231,873,633       (38,129,013     630,004,213       (175,200,973     12,647,009       (2,695,091

Net increase from payment by affiliate

    1,756,103             22,753                    

Net increase (decrease) in net assets resulting from operations

    243,541,248       (39,369,679     615,168,577       (310,586,531     9,972,861       (6,811,759

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

    (20,307,783     (10,573,345     (43,598,753     (69,542,586     (1,037,117     (1,374,718

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    167,467,543       217,335,137       234,513,759       244,142,751              

Cost of shares redeemed

    (83,555,794     (13,754,073     (841,125,421     (1,408,630,036     (21,653,342     (30,860,738

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

    83,911,749       203,581,064       (606,611,662     (1,164,487,285     (21,653,342     (30,860,738

Net Increase (Decrease) in Net Assets

    307,145,214       153,638,040       (35,041,838     (1,544,616,402     (12,717,598     (39,047,215

NET ASSETS:

 

Beginning of year

  $ 592,345,842     $ 438,707,802     $ 1,709,800,569     $ 3,254,416,971     $ 44,049,428     $ 83,096,643  

End of year

  $ 899,491,056     $ 592,345,842     $ 1,674,758,731     $ 1,709,800,569     $ 31,331,830     $ 44,049,428  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    19,350,000       13,650,000       40,100,000       64,550,000       1,300,000       2,100,000  

Shares created

    4,750,000       6,150,000       4,200,000       4,800,000              

Shares redeemed

    (2,250,000     (450,000     (16,850,000     (29,250,000     (600,000     (800,000

Shares outstanding, end of year

    21,850,000       19,350,000       27,450,000       40,100,000       700,000       1,300,000  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Financial Highlights

WisdomTree Trust

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

 

 

WisdomTree Europe Hedged Equity Fund    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 51.83      $ 63.90     $ 62.67      $ 62.80      $ 52.04  

Investment operations:

 

Net investment income1

     1.76        1.52       1.79        1.23        1.70  

Net realized and unrealized gain (loss)

     20.86        (12.21     0.90        0.08        10.59  

Total from investment operations

     22.62        (10.69     2.69        1.31        12.29  

Dividends and distributions to shareholders:

 

Net investment income

     (1.74      (1.38     (1.29      (1.44      (1.53

Tax return of capital

                  (0.17              

Total dividends and distributions to shareholders

     (1.74      (1.38     (1.46      (1.44      (1.53

Net asset value, end of year

   $ 72.71      $ 51.83     $ 63.90      $ 62.67      $ 62.80  

TOTAL RETURN2

     44.22      (17.15 )%      4.33      2.03      24.20

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 1,937,668      $ 2,200,271     $ 3,744,358      $ 6,332,946      $ 9,300,174  

Ratios to average net assets of:

 

Expenses

     0.58      0.58     0.58      0.58      0.58

Net investment income

     2.81      2.29     2.86      1.91      3.13

Portfolio turnover rate3

     55      26     18      20      24

 

           
WisdomTree Europe Hedged SmallCap
Equity Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 23.43      $ 30.17     $ 30.62      $ 28.29      $ 23.90  

Investment operations:

 

Net investment income1

     1.02        1.22       1.06        0.74        0.81  

Net realized and unrealized gain (loss)

     10.56        (6.92     (0.89      2.05        4.25  

Total from investment operations

     11.58        (5.70     0.17        2.79        5.06  

Dividends and distributions to shareholders:

 

Net investment income

     (1.05      (1.04     (0.62      (0.45      (0.67

Tax return of capital

                         (0.01       

Total dividends and distributions to shareholders

     (1.05      (1.04     (0.62      (0.46      (0.67

Net asset value, end of year

   $ 33.96      $ 23.43     $ 30.17      $ 30.62      $ 28.29  

TOTAL RETURN2

     50.50      (19.62 )%      0.54      9.88      21.62

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 37,353      $ 49,197     $ 120,671      $ 154,624      $ 155,594  

Ratios to average net assets of:

 

Expenses

     0.58      0.58     0.58      0.58      0.58

Net investment income

     3.59      3.99     3.55      2.43      3.27

Portfolio turnover rate3

     77      49     37      37      41
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period.

 

3 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree Germany Hedged Equity Fund    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 22.79      $ 28.63     $ 30.95     $ 30.40      $ 25.54  

Investment operations:

 

Net investment income1

     0.98        0.88       1.10       0.87        0.84  

Net realized and unrealized gain (loss)

     12.16        (5.87     (2.64     0.54        4.99  

Total from investment operations

     13.14        (4.99     (1.54     1.41        5.83  

Dividends and distributions to shareholders:

 

Net investment income

     (0.98      (0.85     (0.59     (0.64      (0.97

Tax return of capital

                  (0.19     (0.22       

Total dividends and distributions to shareholders

     (0.98      (0.85     (0.78     (0.86      (0.97

Net asset value, end of year

   $ 34.95      $ 22.79     $ 28.63     $ 30.95      $ 30.40  

TOTAL RETURN2

     58.59      (18.06 )%      (5.07 )%      4.63      23.62

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 31,459      $ 29,622     $ 51,541     $ 91,302      $ 124,648  

Ratios to average net assets of:

 

Expenses

     0.48      0.48     0.48     0.48      0.48

Net investment income

     3.38      2.95     3.66     2.78      3.14

Portfolio turnover rate3

     46      41     16     20      28

 

           
WisdomTree International Hedged Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 30.61     $ 32.14     $ 30.78      $ 28.39      $ 25.73  

Investment operations:

 

Net investment income1

     0.88       0.78       0.64        0.58        0.56  

Net realized and unrealized gain (loss)

     10.54       (1.59     0.83        1.99        2.80  

Net increase from payment by affiliate

     0.08                            

Total from investment operations

     11.50       (0.81     1.47        2.57        3.36  

Dividends to shareholders:

 

Net investment income

     (0.94     (0.72     (0.11      (0.18      (0.70

Net asset value, end of year

   $ 41.17     $ 30.61     $ 32.14      $ 30.78      $ 28.39  

TOTAL RETURN2

     37.85 %4      (2.70 )%      4.78      9.05      13.26

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 899,491     $ 592,346     $ 438,708      $ 543,192      $ 479,727  

Ratios to average net assets of:

 

Expenses

     0.58 %5,6      0.58 %5,6      0.58      0.58      0.58

Net investment income

     2.37 %5      2.32 %5      2.07      1.89      2.14

Portfolio turnover rate3

     67     61     56      42      53
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree International Hedged Quality Dividend Growth Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

4 

Includes a reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this reimbursement, total return would have been 0.27% lower (Note 3).

 

5 

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

 

6 

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

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree Japan Hedged Equity Fund    For the
Year Ended
March 31, 2021
    For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 42.64     $ 50.42     $ 55.76     $ 50.40      $ 43.85  

Investment operations:

 

Net investment income1

     1.02       1.05       1.06       0.92        0.86  

Net realized and unrealized gain (loss)

     18.73       (7.52     (5.03     5.81        6.67  

Net increase from payment by affiliate

     0.00 5                          

Total from investment operations

     19.75       (6.47     (3.97     6.73        7.53  

Dividends to shareholders:

 

Net investment income

     (1.38     (1.31     (1.37     (1.37      (0.98

Net asset value, end of year

   $ 61.01     $ 42.64     $ 50.42     $ 55.76      $ 50.40  

TOTAL RETURN2

     46.97 %3      (13.26 )%      (7.20 )%      13.45      17.45

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 1,674,759     $ 1,709,801     $ 3,254,417     $ 6,607,000      $ 8,411,670  

Ratios to average net assets of:

 

Expenses

     0.48     0.48     0.48     0.48      0.48

Net investment income

     2.03     2.08     1.96     1.67      1.91

Portfolio turnover rate4

     25     20     23     18      37

 

           
WisdomTree Japan Hedged SmallCap Equity
Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 33.88      $ 39.57     $ 44.13     $ 37.28      $ 31.24  

Investment operations:

 

Net investment income1

     0.64        0.75       0.51       0.64        0.70  

Net realized and unrealized gain (loss)

     11.45        (5.52     (4.31     6.91        5.94  

Total from investment operations

     12.09        (4.77     (3.80     7.55        6.64  

Dividends to shareholders:

 

Net investment income

     (1.21      (0.92     (0.76     (0.70      (0.60

Net asset value, end of year

   $ 44.76      $ 33.88     $ 39.57     $ 44.13      $ 37.28  

TOTAL RETURN2

     36.31      (12.41 )%      (8.77 )%      20.42      21.64

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 31,332      $ 44,049     $ 83,097     $ 207,434      $ 115,561  

Ratios to average net assets of:

 

Expenses

     0.58      0.58     0.58     0.58      0.58

Net investment income

     1.67      1.90     1.20     1.51      2.11

Portfolio turnover rate4

     41      36     38     30      48
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period.

 

3 

Includes a reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

4 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

5 

Amount represents less than $0.01 per share.

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

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

     December 31, 2009  

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

     March 4, 2015  

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

     October 17, 2013  

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

     May 7, 2014  

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

     June 16, 2006  

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

     June 28, 2013  

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

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

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

In certain instances, such as when reliable market valuations are not readily available, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a

 

60   WisdomTree Trust


Notes to Financial Statements (continued)

 

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

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Pricing Committee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

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

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

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

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

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

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

 

WisdomTree Trust      61  


Notes to Financial Statements (continued)

 

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

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the fiscal year ended March 31, 2021, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the year ended March 31, 2021 and open positions in such derivatives as of March 31, 2021 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements may also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at March 31, 2021 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed in the table included in Note 2 — Master Netting Arrangements. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2021, if any, is reflected as a footnote within each Fund’s Schedule of Investments.

As of March 31, 2021, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

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

Europe Hedged Equity Fund

           

Foreign exchange contracts

    
Unrealized appreciation on
foreign currency contracts
 
 
   $ 60,999,016       
Unrealized depreciation on
foreign currency contracts
 
 
   $ 1,672,261  

Europe Hedged SmallCap Equity Fund

           

Foreign exchange contracts

    
Unrealized appreciation on
foreign currency contracts
 
 
     1,165,667       
Unrealized depreciation on
foreign currency contracts
 
 
     2,181  

Germany Hedged Equity Fund

           

Foreign exchange contracts

    
Unrealized appreciation on
foreign currency contracts
 
 
     942,570       
Unrealized depreciation on
foreign currency contracts
 
 
     1,916  

International Hedged Quality Dividend Growth Fund

           

Foreign exchange contracts

    
Unrealized appreciation on
foreign currency contracts
 
 
     23,168,001       
Unrealized depreciation on
foreign currency contracts
 
 
     50,265  

Japan Hedged Equity Fund

           

Foreign exchange contracts

    
Unrealized appreciation on
foreign currency contracts
 
 
     58,546,393       
Unrealized depreciation on
foreign currency contracts
 
 
     1,642,096  

Japan Hedged SmallCap Equity Fund

           

Foreign exchange contracts

    
Unrealized appreciation on
foreign currency contracts
 
 
     1,068,985       
Unrealized depreciation on
foreign currency contracts
 
 
     2,235  

 

62   WisdomTree Trust


Notes to Financial Statements (continued)

 

For the fiscal year ended March 31, 2021, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

Europe Hedged Equity Fund

     

Foreign exchange contracts

   $ (172,044,976    $ 51,214,433  

Europe Hedged SmallCap Equity Fund

     

Foreign exchange contracts

     (3,197,079      929,757  

Germany Hedged Equity Fund

     

Foreign exchange contracts

     (2,818,209      844,453  

International Hedged Quality Dividend Growth Fund

     

Foreign exchange contracts

     (59,488,398      14,016,169  

Japan Hedged Equity Fund

     

Foreign exchange contracts

     (15,110,082      56,462,120  

Japan Hedged SmallCap Equity Fund

     

Foreign exchange contracts

     (208,300      953,891  

 

  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

During the fiscal year ended March 31, 2021, the volume of derivative activity (based on the average of month-end balances) for each Fund was as follows:

 

   
     Average Notional  
Fund   

Foreign currency
contracts
(to deliver

USD)

    

Foreign currency
contracts
(to receive

USD)

 

Europe Hedged Equity Fund

 

Foreign exchange contracts

   $ 2,033,616,932      $ 3,971,292,580  

Europe Hedged SmallCap Equity Fund

 

Foreign exchange contracts

     40,691,994        78,614,683  

Germany Hedged Equity Fund

 

Foreign exchange contracts

     31,032,265        61,467,614  

International Hedged Quality Dividend Growth Fund

 

Foreign exchange contracts

     782,244,323        1,570,070,215  

Japan Hedged Equity Fund

 

Foreign exchange contracts

     1,657,051,999        3,253,933,108  

Japan Hedged SmallCap Equity Fund

 

Foreign exchange contracts

     34,692,799        68,089,176  

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment

 

WisdomTree Trust      63  


Notes to Financial Statements (continued)

 

transactions and net increase (decrease) in unrealized appreciation/depreciation from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Funds utilized forward foreign currency contracts (“Forward Contracts”) primarily to offset exposure to foreign currencies consistent with each Fund’s investment objective. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

 

64   WisdomTree Trust


Notes to Financial Statements (continued)

 

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), such as Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g., foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

 

WisdomTree Trust      65  


Notes to Financial Statements (continued)

 

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2021, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
    Gross Amounts
in the
Statements of
Assets and
Liabilities
    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
          Gross Amounts
in the
Statements of
Assets and
Liabilities
    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
       
Fund   Financial
Instruments
    Collateral
Received
    Net Amount     Financial
Instruments
    Collateral
Posted
    Net Amount  

Europe Hedged Equity Fund

               

Securities Lending

  $ 72,564,979     $     $ (72,564,979 )1    $     $     $     $     $  

Foreign Currency Contracts

    60,999,016       (1,482,385           59,516,631       1,672,261       (1,482,385           189,876  

Europe Hedged SmallCap Equity Fund

               

Securities Lending

    1,299,046             (1,299,046 )1                               

Foreign Currency Contracts

    1,165,667       (2,124           1,163,543       2,181       (2,124           57  

Germany Hedged Equity Fund

               

Foreign Currency Contracts

    942,570       (1,916           940,654       1,916       (1,916            

International Hedged Quality Dividend Growth Fund

               

Securities Lending

    54,459,474             (54,459,474 )1                               

Foreign Currency Contracts

    23,168,001       (49,193           23,118,808       50,265       (49,193           1,072  

Japan Hedged Equity Fund

               

Securities Lending

    173,972,974             (173,972,974 )1                               

Foreign Currency Contracts

    58,546,393       (1,642,096           56,904,297       1,642,096       (1,642,096            

Japan Hedged SmallCap Equity Fund

               

Securities Lending

    7,229,453             (7,229,453 )1                               

Foreign Currency Contracts

    1,068,985       (2,173           1,066,812       2,235       (2,173           62  
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

 

66   WisdomTree Trust


Notes to Financial Statements (continued)

 

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

Europe Hedged Equity Fund

     0.58

Europe Hedged SmallCap Equity Fund

     0.58

Germany Hedged Equity Fund

     0.48

International Hedged Quality Dividend Growth Fund

     0.58

Japan Hedged Equity Fund

     0.48

Japan Hedged SmallCap Equity Fund

     0.58

During the fiscal year ended March 31, 2021, the International Hedged Quality Dividend Growth Fund and Japan Hedged Equity Fund received a reimbursement of $1,756,103 and $22,753, respectively, from Mellon for investment losses on certain foreign exchange transactions. The dollar amount of the reimbursement is shown in the Statements of Operations in Net increase from payment by affiliate”.

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the year ended March 31, 2021, as applicable, are included in an ‘‘Investment in Affiliates’’ supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFE (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.

During the fiscal year ended March 31, 2021, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2021, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/Loss
 

Europe Hedged Equity Fund

   $ 40,272,789      $ 53,545,398      $ 9,784,472  

Europe Hedged SmallCap Equity Fund

     944,766        1,115,399        (116,543

Germany Hedged Equity Fund

     1,208,782        449,611        (62,043

International Hedged Quality Dividend Growth Fund

     54,720,610        55,654,267        3,735,728  

Japan Hedged Equity Fund

     27,518,328        13,963,375        (1,208,692

Japan Hedged SmallCap Equity Fund

     2,166,089        941,726        (64,479

 

WisdomTree Trust      67  


Notes to Financial Statements (continued)

 

WTAM and/or WisdomTree Investments (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2021, WT held shares of and received distributions from the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

       
Fund    Fund Shares
held by WT
     Market Value of
Fund Shares
held by WT
     Dividends and
Distributions paid to
WT on
Fund Shares
held by WT
 

International Hedged Quality Dividend Growth Fund

     46      $ 1,899      $ 54  

Japan Hedged Equity Fund

     21        1,288        101  

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2021, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2021 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Europe Hedged Equity Fund

   $ 1,051,051,674      $ 1,163,606,318      $ 33,272,074      $ 971,352,007  

Europe Hedged SmallCap Equity Fund

     28,797,890        30,979,372               25,997,998  

Germany Hedged Equity Fund

     13,640,908        15,549,473               11,906,801  

International Hedged Quality Dividend Growth Fund

     521,271,329        544,617,151        142,889,522        84,118,919  

Japan Hedged Equity Fund

     397,294,760        399,409,261        216,386,165        796,037,247  

Japan Hedged SmallCap Equity Fund

     13,778,515        13,574,994               21,430,317  

6. FEDERAL INCOME TAXES

At March 31, 2021, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
   

Net Unrealized
Appreciation/

(Depreciation)

   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

Europe Hedged Equity Fund

  $ 1,688,755,163     $ 390,891,993     $ (96,161,622   $ 294,730,371             $     $ (2,036   $ (2,036   $ 294,728,335  

Europe Hedged SmallCap Equity Fund

    33,196,170       6,487,514       (1,535,341     4,952,173                                 4,952,173  

Germany Hedged Equity Fund

    27,532,593       5,208,793       (1,720,982     3,487,811                     (28     (28     3,487,783  

International Hedged Quality Dividend Growth Fund

    725,348,270       189,784,928       (12,897,206     176,887,722               1,516,031       (4,520     1,511,511       178,399,233  

Japan Hedged Equity Fund

    1,620,095,434       226,672,960       (161,382,509     65,290,451               35,196       (5,899     29,297       65,319,748  

Japan Hedged SmallCap Equity Fund

    34,666,292       2,867,271       (2,908,359     (41,088             713       (111     602       (40,486
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

 

68   WisdomTree Trust


Notes to Financial Statements (continued)

 

At March 31, 2021, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

           
Fund    Undistributed
Ordinary Income
     Undistributed
Capital and
Other Losses
    

Net Unrealized
Appreciation/

(Depreciation)

     Currency and
Other Unrealized
Appreciation/
(Depreciation)
     Total Distributable
Earnings (Loss)
 

Europe Hedged Equity Fund

   $ 5,236,726      $ (2,194,265,450    $ 294,728,335      $ (30,901    $ (1,894,331,290

Europe Hedged SmallCap Equity Fund

     117,288        (25,852,667      4,952,173        6,479        (20,776,727

Germany Hedged Equity Fund

     58,188        (33,768,250      3,487,783        18,582        (30,203,697

International Hedged Quality Dividend Growth Fund

     5,491,564        (53,007,640      178,399,233        (11,355      130,871,802  

Japan Hedged Equity Fund

     14,582,209        (1,792,978,710      65,319,748        (35,919      (1,713,112,672

Japan Hedged SmallCap Equity Fund

     332,168        (23,594,732      (40,486      (1,501      (23,304,551

The tax character of distributions paid during the fiscal years ended March 31, 2021 and March 31, 2020, was as follows:

 

     
     Year Ended
March 31, 2021
     Year Ended
March 31, 2020
 
Fund   

Distributions Paid

from Ordinary

Income*

    

Distributions Paid

from Ordinary

Income*

 

Europe Hedged Equity Fund

   $ 53,199,944      $ 73,070,900  

Europe Hedged SmallCap Equity Fund

     1,413,257        3,656,484  

Germany Hedged Equity Fund

     1,043,996        1,302,508  

International Hedged Quality Dividend Growth Fund

     20,307,783        10,573,345  

Japan Hedged Equity Fund

     43,598,753        69,542,586  

Japan Hedged SmallCap Equity Fund

     1,037,117        1,374,718  
  *

Includes short-term capital gains, if any.

At March 31, 2021, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders. During the fiscal year ended March 31, 2021, the Funds did not utilize any available capital loss carryforward amounts given that there were no tax-basis capital gains.

 

       
Fund    Short-Term      Long-Term      Capital
Loss
Available Total
 

Europe Hedged Equity Fund

   $ 1,030,455,826      $ 1,163,809,624      $ 2,194,265,450  

Europe Hedged SmallCap Equity Fund

     14,205,439        11,647,228        25,852,667  

Germany Hedged Equity Fund

     16,314,210        17,454,040        33,768,250  

International Hedged Quality Dividend Growth Fund

     29,564,913        23,442,727        53,007,640  

Japan Hedged Equity Fund

     1,048,557,927        744,420,783        1,792,978,710  

Japan Hedged SmallCap Equity Fund

     13,091,557        10,503,175        23,594,732  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. At March 31, 2021, the Funds did not have any post-October capital losses or late year-ordinary losses to defer.

At March 31, 2021, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.

 

     
Fund    Total
Distributable
Earnings
(Loss)
     Paid-in Capital  

Europe Hedged Equity Fund

   $ (90,609,523    $ 90,609,523  

Europe Hedged SmallCap Equity Fund

     947,466        (947,466

Germany Hedged Equity Fund

     (1,228,818      1,228,818  

International Hedged Quality Dividend Growth Fund

     (38,959,987      38,959,987  

Japan Hedged Equity Fund

     (7,843,781      7,843,781  

Japan Hedged SmallCap Equity Fund

     2,141,797        (2,141,797

 

WisdomTree Trust      69  


Notes to Financial Statements (concluded)

 

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign withholding taxes, as applicable, are accrued based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Foreign withholding taxes are accrued and applied to foreign income, net realized capital gains and net unrealized appreciation, as applicable, as the foreign income is earned or capital gains and unrealized appreciation are recorded. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Dividend Income,” the foreign capital gains tax applicable on the disposal of securities is included in the Statements of Operations in “Net realized gain (loss) from investment transactions” and the dollar amount of deferred foreign capital gains tax applicable on the unrealized appreciation on securities held is included in the Statements of Operations in “Net increase (decrease) in unrealized appreciation/depreciation from investment transactions”. The Funds file foreign withholding tax reclaims in certain jurisdictions to recover a portion of the amounts previously withheld. The Funds record a foreign tax reclaim receivable on the ex-dividend date if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims that have been recorded but not yet received are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”. As of and during the fiscal year ended March 31, 2021, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2021, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions.

7. ADDITIONAL INFORMATION

The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally for over a year, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took aggressive measures, including businesses canceling dividends to preserve cash, governments closing borders, restricting international and domestic travel, and the imposition of prolonged quarantines of large populations. COVID-19 has resulted in the disruption of and delays in the delivery of healthcare services and processes, the cancellation of organized events and educational institutions, the disruption of production and supply chains, a decline in consumer demand for certain goods and services, and general concern and uncertainty, all of which have contributed to increased volatility in global markets. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends, including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.

The effects of COVID-19 have affected and are likely to continue to affect certain sectors and industries more dramatically than others, and the effects borne by some will negatively affect the value of the issuers in those sectors and industries, which may adversely affect the value of a Fund’s investments in those sectors or industries. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.

COVID-19, and other epidemics and pandemics that may arise in the future, could adversely affect the economies of many nations, the global economy, individual companies and capital markets in ways that cannot be foreseen at the present time. In addition, the impact of infectious diseases in developing or emerging market countries may be greater due to limited health care resources, including access to COVID-19 vaccinations and treatments. Political, economic and social stresses caused by COVID-19 also may exacerbate other pre-existing political, social and economic risks in certain countries. The duration of COVID-19 and its effects cannot be determined fully at this time, but the effects could be present for an extended period of time. It is impossible to predict the effects on the Funds of these or similar events and market conditions in the future. However, it is possible that these or similar events and market conditions could have a significant and adverse effect on the NAV and/or risk profile of a Fund.

 

70   WisdomTree Trust


Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund, and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund (collectively referred to as the “Funds”), (six of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2021, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (six of the funds constituting WisdomTree Trust) at March 31, 2021, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and their financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2021, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

May 26, 2021

 

WisdomTree Trust      71  


Liquidity Risk Management Program (unaudited)

 

Effective June 1, 2019, the Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2020 to December 31, 2020, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

72   WisdomTree Trust


Trustees and Officers Information (unaudited)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length
of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other

Directorships

Held by Trustee

During Past
5 Years

Trustees Who Are Interested Persons of the Trust

Jonathan Steinberg
(1964)
  Trustee, 2005- present; President, 2005-present   Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019.     68     Director, WisdomTree Investments, Inc. and WisdomTree Asset Management.

Trustees Who Are Not Interested Persons of the Trust

David G. Chrencik*
(1948)
  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     68     None
Joel Goldberg**, ***
(1945)
  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     68     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro***
(1955)
  Trustee, 2006-present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     68     None

Melinda A. Raso Kirstein****

(1955)

  Trustee, 2014-present   Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     68     Associate Alumnae of Douglass College, Chair of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor, from 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     68     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

 

WisdomTree Trust      73  


Trustees and Officers Information (unaudited) (concluded)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length
of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other

Directorships

Held by Trustee

During Past
5 Years

Officers of the Trust

Jonathan Steinberg*****

(1964)

 

President, 2005-

present; Trustee, 2005-present

  Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019.     68     None

David Castano*****

(1971)

  Treasurer, 2013-present   Head of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Director of Fund Accounting & Administration, WisdomTree Asset Management, 2011 to 2020.     68     None

Terry Jane Feld*****

(1960)

  Chief Compliance Officer, 2012-present   Chief Compliance Officer WisdomTree Asset Management since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011.     68     None

Ryan Louvar*****

(1972)

  Secretary and Chief Legal Officer, 2013-present   General Counsel, WisdomTree Asset Management since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.     68     None

Joanne Antico*****

(1975)

 

Assistant Secretary,

2018-present

  Assistant General Counsel, WisdomTree Asset Management since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     68     None

Clint Martin*****

(1977)

  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, 2012 to 2020.     68     None

 

+

As of March 31, 2021.

 

*

Chair of the Audit Committee.

 

**

Chair of the Contracts Review Committee.

 

***

Co-Chair of the Governance, Nominating and Compliance Committee.

 

****

Chair of the Investment Committee.

 

*****

Elected by and serves at the pleasure of the Board.

 

74   WisdomTree Trust


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2021, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2022.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2021, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

Europe Hedged Equity Fund

   $ 52,632,531  

Europe Hedged SmallCap Equity Fund

     1,413,257  

Germany Hedged Equity Fund

     1,043,996  

International Hedged Quality Dividend Growth Fund

     20,307,783  

Japan Hedged Equity Fund

     34,688,165  

Japan Hedged SmallCap Equity Fund

     606,769  

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2021. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
     Foreign Taxes
Paid
 

Europe Hedged Equity Fund

   $ 62,003,432      $ 4,894,688  

Europe Hedged SmallCap Equity Fund

     1,307,969        128,282  

Germany Hedged Equity Fund

     1,165,711        134,671  

International Hedged Quality Dividend Growth Fund

     20,414,812        1,180,306  

Japan Hedged Equity Fund

     36,531,919        3,519,322  

Japan Hedged SmallCap Equity Fund

     606,238        61,529  

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2021, that qualify for the 70% dividends received deduction for corporate shareholders:

 

   
Fund    Dividends-Received
Deduction
 

Europe Hedged Equity Fund

      

Europe Hedged SmallCap Equity Fund

      

Germany Hedged Equity Fund

      

International Hedged Quality Dividend Growth Fund

     0.10

Japan Hedged Equity Fund

      

Japan Hedged SmallCap Equity Fund

      

 

WisdomTree Trust      75  


General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

Previously, the Funds were required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Beginning in April 2019, the Funds ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

76   WisdomTree Trust


The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-4836


LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

March 31, 2021

 

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree International Dividend ex-Financials Fund (DOO)

WisdomTree International Equity Fund (DWM)

WisdomTree International High Dividend Fund (DTH)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International Multifactor Fund (DWMF)

WisdomTree International Quality Dividend Growth Fund (IQDG)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)


Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       3  

Management’s Discussion of Funds’ Performance (unaudited)

       4  

Description of Terms and Indexes (unaudited)

       15  
Schedules of Investments

 

WisdomTree Europe Quality Dividend Growth Fund

       18  

WisdomTree Europe SmallCap Dividend Fund

       21  

WisdomTree International Dividend ex-Financials Fund

       24  

WisdomTree International Equity Fund

       27  

WisdomTree International High Dividend Fund

       36  

WisdomTree International LargeCap Dividend Fund

       41  

WisdomTree International MidCap Dividend Fund

       45  

WisdomTree International Multifactor Fund

       51  

WisdomTree International Quality Dividend Growth Fund

       55  

WisdomTree International SmallCap Dividend Fund

       58  

WisdomTree Japan SmallCap Dividend Fund

       68  

Statements of Assets and Liabilities

       77  

Statements of Operations

       80  

Statements of Changes in Net Assets

       83  

Financial Highlights

       87  

Notes to Financial Statements

       93  

Report of Independent Registered Public Accounting Firm

       107  

Liquidity Risk Management Program (unaudited)

       109  

Trustees and Officers Information (unaudited)

       110  

Supplemental Information (unaudited)

       112  

General Information (unaudited)

       113  

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


Market Environment Overview

(unaudited)

 

International equity markets, as measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned 44.57% in the 12-month fiscal period ended March 31, 2021 (the “period”). Measured in local currency, the MSCI EAFE Index returned 36.56% over the period. Despite the impressive absolute return, international equity markets lagged all other major equity regions during the period, including the U.S., emerging markets, and global equity indexes.

International currency performance was mixed during the period, with significant movement in the U.S. dollar and other international currencies as local governments and central banks sought to combat the economic impacts of the novel coronavirus (“COVID-19”) pandemic. The euro and Swiss franc (the latter viewed as a safe-haven currency) strengthened relative to the U.S. dollar (“USD”), while the Japanese yen (also considered a safe-haven currency) weakened.

The first quarter of the period, from April 1, 2020 through June 30, 2020, was marred by the onset of the COVID-19 pandemic and the efforts of local governments and central banks around the world to contain its spread, protect public health, and mitigate the economic impacts. Many gauges of economic activity came to a screeching halt during the quarter as governments made the difficult decision to shutter major parts of their economies and enforce strict stay-at-home orders to mitigate the spread and impact of the virus on local health systems. Many developed economies such as Italy, the United Kingdom, and Germany experienced severe infection rates that curtailed economic activity during the quarter. Markit Purchasing Managers’ Indexes (“PMIs”) for the Eurozone at the manufacturing, services, and composite levels, for example, exhibited steep declines below 50 during the quarter. Measurements below 50 indicate economic contractions, while readings above 50 signal expansions. Meanwhile, European leaders were on high alert. The European Central Bank (“ECB”), led by President Christine Lagarde, continued using quantitative easing to create monetary stimulus and began investigating how its monetary policy toolkit could aid the recovery. The European Union (“EU”) followed suit, as its leaders began talks to coordinate fiscal stimulus efforts and aid to ailing countries and economies that were being disproportionately affected during the pandemic. During the quarter, equity markets began what would become an enduring recovery, with the MSCI EAFE Index returning 14.88% in USD terms for the quarter ended June 30, 2020. However, this rally fell short of bull markets around the world, primarily due to the concentration of developed market economies in cyclical industries, which were adversely affected by the pandemic, regional lockdowns, and subsequent reduction in economic activity.

The economic recovery truly began to take hold during the second quarter of the period, from July 1, 2020 through September 30, 2020. Eurozone PMIs steadily recovered by June 30th and finally broke into expansionary territory (above the level of 50) by July 2020. However, the economy was still fragile and required significant monetary and fiscal support from both the ECB and the EU, respectively. With the ECB remaining attentive and using whatever monetary policy tools it could to support a recovery, the EU eventually reached a landmark agreement whereby it would issue joint debt, backed by all its member countries, to support the region’s economic recovery.

The optimism was short-lived, however, as new virus flareups plagued developed markets as the summer ended which prompted another wave of lockdowns and subdued economic activity. After reaching their expansionary highs in June 2020, both services and composite PMIs dipped once again into contractionary territory. This was quelled by manufacturing gauges, however, which remained strong and continued their upward trajectory as local economies figured out how to maintain production capacity alongside social distancing and health and safety checks. Equity markets continued their recovery during the quarter, though to a much smaller extent, with the MSCI EAFE Index returning 4.80% in USD terms for the quarter ended September 30, 2020. Developed markets once again lagged the rest of the world, as the cyclical nature of their economies,

 

WisdomTree Trust      1  


Market Environment Overview

(unaudited) (concluded)

 

coupled with the inability to control the spread of the virus and resume normal economic activity, remained a major headwind.

The third quarter of the period, from October 1, 2020 through December 31, 2020, marked an important turning point for the following reasons. First, was the Presidential election in the United States, as the Democratic Party gained control of both the White House and later Congress (though the latter was not ultimately decided until January 2021), which had important geopolitical implications for developed markets. Second, was the end of the Brexit saga. Four years after Britain voted to formally leave the European Union in 2016 (often referred to as “Brexit”), Prime Minister Boris Johnson arranged a deal with EU leaders to exit the bloc with certain trade relationships and other negotiations intact. Lastly, and perhaps most important to developed equity markets, was the announcement from several global pharmaceutical giants that they had developed a vaccine for COVID-19. This was immediately additive for the downtrodden cyclical sectors of the economy that struggled throughout 2020, and the region confronted its next two hurdles: securing enough vaccines for its population and distributing them. Both hurdles remain significant challenges for developed markets. However, the news of the vaccine itself restored some optimism in developed economies since cyclical industries may be poised to benefit the most. These three catalysts provided a much-needed tailwind for developed equity markets during the quarter, as they outperformed U.S. and global equity indices by a few percentage points, with the MSCI EAFE Index returning 16.05% in USD terms for the quarter ended December 31, 2020. Composite and service PMIs once again continued to recover, albeit slowly, while manufacturing gauges maintained their momentum and finished the quarter well in expansion territory.

The fourth quarter of the period, concluding March 31, 2021, continued with much of the momentum that ended 2020. Despite localized virus flareups after the holiday season, regional economies and their health systems were generally better prepared to combat the onset of new cases. However, many countries (such as the United Kingdom, France, Germany, etc.) were forced to institute new lockdown orders once again to stem the spread of COVID-19. Meanwhile, developed markets continued their struggle to approve, acquire, and administer vaccines from pharmaceutical companies like Pfizer, Moderna, Johnson & Johnson, and AstraZeneca. To date, the inoculation campaign is lagging the U.S. inoculation campaign, but progress is being made. PMIs continued their recovery, with composite and service readings hovering around the 50-level, signaling that the economy is still on soft footing but in a much better position than it was during the onset of the pandemic. Returning 3.48% in USD terms for the quarter ended March 31, 2021, developed equity markets lagged the U.S. once again during the quarter but managed to outperform emerging markets.

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

 

2   WisdomTree Trust


Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2020 to March 31, 2021. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      3  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    18.2%  

Industrials

    18.0%  

Health Care

    17.4%  

Materials

    13.3%  

Consumer Discretionary

    6.7%  

Communication Services

    5.9%  

Financials

    5.7%  

Utilities

    5.6%  

Information Technology

    5.6%  

Energy

    1.8%  

Real Estate

    1.0%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

British American Tobacco PLC

    4.6%  

Rio Tinto PLC

    4.4%  

Roche Holding AG, Genusschein

    4.0%  

Nestle S.A., Registered Shares

    3.8%  

GlaxoSmithKline PLC

    3.7%  

Siemens AG, Registered Shares

    3.7%  

Sanofi

    3.2%  

Deutsche Telekom AG, Registered Shares

    3.0%  

LVMH Moet Hennessy Louis Vuitton SE

    2.8%  

Unilever PLC

    2.8%  
*

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

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

The Fund returned 44.43% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s positions in the Health Care and Financials sectors were the top performing sector exposures, while its positions in Materials and Energy sectors were the worst performing sector exposures. The Fund’s positions in the Netherlands and Spain contributed most positively to performance, while its positions in Finland and the United Kingdom detracted from performance.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,147.00        0.58   $ 3.10  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       44.43      8.76      9.47      5.48

Fund Market Price Returns

       46.20      8.57      9.59      5.42

WisdomTree Europe Quality Dividend Growth Index

       45.33      9.32      9.99      6.00

MSCI Europe Index

       44.95      5.65      8.18      3.38
1 

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

 

LOGO

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

 

4   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    20.5%  

Financials

    16.4%  

Consumer Discretionary

    11.7%  

Materials

    9.4%  

Energy

    7.5%  

Health Care

    6.7%  

Information Technology

    6.4%  

Consumer Staples

    6.2%  

Utilities

    5.8%  

Real Estate

    5.7%  

Communication Services

    2.8%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.7%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Ferrexpo PLC

    2.6%  

TGS NOPEC Geophysical Co. ASA

    2.6%  

Jupiter Fund Management PLC

    2.3%  

Anima Holding SpA

    2.0%  

TP ICAP Group PLC

    1.9%  

Piaggio & C. SpA

    1.8%  

Drax Group PLC

    1.7%  

Kardex Holding AG, Registered Shares

    1.7%  

Moneysupermarket.com Group PLC

    1.7%  

CMC Markets PLC

    1.6%  
*

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

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

The Fund returned 73.76% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s position in the Materials and Real Estate sectors were the top performing sector exposures, while its positions in the Communication Services and Industrials sectors were the worst performing sector exposures. The Fund’s positions in the United Kingdom and Germany contributed most positively to performance, while its positions in Italy and the Netherlands detracted from performance. The Fund’s allocation to small-cap companies was also a positive contributor to performance during the fiscal year. Meanwhile, the Fund’s focus on the highest dividend yield subset of the market detracted from performance as zero dividend payers were the top performing category. The euro also appreciated by 6.3% against the U.S. dollar during the fiscal year, which served as a tailwind for total returns.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

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

Actual

   $ 1,000.00      $ 1,314.90        0.58   $ 3.35  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       73.76      3.87      7.91      8.35

Fund Market Price Returns

       75.67      3.64      7.96      8.34

WisdomTree Europe SmallCap Dividend Index

       75.31      4.39      8.42      9.00

MSCI Europe Small Cap Index

       72.67      7.59      10.74      8.80

 

LOGO

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

 

WisdomTree Trust      5  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

 

Sector Breakdown

 

Sector   % of Net Assets  

Materials

    16.0%  

Utilities

    13.7%  

Communication Services

    12.8%  

Real Estate

    10.8%  

Consumer Staples

    9.2%  

Consumer Discretionary

    8.8%  

Industrials

    8.7%  

Health Care

    7.8%  

Information Technology

    5.7%  

Energy

    5.6%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.7%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Fortescue Metals Group Ltd.

    2.8%  

Vodafone Group PLC

    2.1%  

Naturgy Energy Group S.A.

    2.0%  

Equinor ASA

    1.9%  

BASF SE

    1.9%  

Woodside Petroleum Ltd.

    1.8%  

British American Tobacco PLC

    1.8%  

Fortum Oyj

    1.7%  

Rio Tinto PLC

    1.7%  

Canon, Inc.

    1.7%  
*

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

The WisdomTree International Dividend ex-Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the developed world excluding the U.S. and Canada and excluding the financial sector. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 39.87% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s position in the Materials sector contributed most positively to performance, while its position in the Communication Services sector contributed least positively to performance. The Fund benefited most from its position in Germany, which contributed the most positively to performance while its position in the United Kingdom added the least to relative performance. Global equities, and international developed equities were initially hit hard during the global sell-off induced by the ongoing COVID-19 pandemic. Subsequently, after market lows were established at the end of March 2020, the fiscal year saw many global economies and markets recover. Consequently, international equities rallied in the fiscal year. The U.S. dollar weakened significantly during the fiscal year, which served as a tailwind to returns vs. hedged benchmarks. Due to its underlying index methodology of excluding financials which were the fifth best performing sector in the market over the fiscal year which returned 54.80% and outperformed the broader market, the Fund missed out on a marginal amount of excess return potential.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized Net

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,204.80        0.58   $ 3.19  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       39.87      3.79      6.27      3.26

Fund Market Price Returns

       41.06      3.64      6.37      3.22

WisdomTree International Dividend ex-Financials Index

       40.57      4.09      6.60      3.51

MSCI EAFE Value Index

       45.71      1.85      6.57      3.65

 

LOGO

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

 

6   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International Equity Fund (DWM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    16.6%  

Industrials

    12.6%  

Health Care

    12.6%  

Consumer Staples

    11.1%  

Materials

    11.0%  

Consumer Discretionary

    8.2%  

Communication Services

    8.1%  

Utilities

    6.9%  

Information Technology

    5.2%  

Real Estate

    4.5%  

Energy

    2.3%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Novartis AG, Registered Shares

    2.2%  

Nestle S.A., Registered Shares

    2.1%  

Roche Holding AG, Genusschein

    1.7%  

GlaxoSmithKline PLC

    1.4%  

British American Tobacco PLC

    1.3%  

Fortescue Metals Group Ltd.

    1.3%  

Sanofi

    1.2%  

Unilever PLC

    1.2%  

Rio Tinto PLC

    1.1%  

Allianz SE, Registered Shares

    1.1%  
*

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

The WisdomTree International Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 36.92% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s position in the Materials sector contributed the most to performance, while its positions in the Financials, Energy, and Communication Services sectors detracted from performance. The Fund benefited most from its positions in Australia and Germany, while positions in Japan, Hong Kong, and the United Kingdom weighed negatively on performance. Dividend paying companies in the developed equity markets struggled during 2020, despite the positive absolute performance, since many of them suspended their dividends as the region navigated the COVID-19 pandemic. This is evidenced through dividend yield attribution, where all five quintiles of dividend payers contributed negatively to performance for the fiscal year. Likewise, the region struggled compared to the rest of the world in containing the virus and beginning its economic recovery. Thus, the region did not start to rally alongside the U.S. until much later in the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized Net

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,173.10        0.48   $ 2.60  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

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

Fund NAV Returns

       36.92      2.28      6.29      4.33

Fund Market Price Returns

       37.72      2.10      6.36      4.28

WisdomTree International Equity Index

       37.55      2.42      6.58      4.51

MSCI EAFE Index

       44.57      6.02      8.85      5.52

 

LOGO

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

 

WisdomTree Trust      7  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International High Dividend Fund (DTH)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.8%  

Materials

    12.4%  

Communication Services

    12.1%  

Health Care

    10.9%  

Utilities

    10.7%  

Industrials

    8.5%  

Consumer Staples

    5.5%  

Real Estate

    5.4%  

Consumer Discretionary

    3.6%  

Energy

    3.4%  

Information Technology

    1.4%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Novartis AG, Registered Shares

    3.9%  

GlaxoSmithKline PLC

    2.5%  

British American Tobacco PLC

    2.3%  

Fortescue Metals Group Ltd.

    2.2%  

Sanofi

    2.2%  

Rio Tinto PLC

    2.0%  

Allianz SE, Registered Shares

    2.0%  

SoftBank Corp.

    1.9%  

Siemens AG, Registered Shares

    1.6%  

BASF SE

    1.6%  
*

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

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

The Fund returned 38.88% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in the Consumer Staples and Materials sectors, which were primarily due to allocation and selection effects. The remaining sector positions, except for neutral performance in Consumer Discretionary, weighed negatively on performance during the fiscal year. When analyzing performance by dividend yield quintiles, since dividends are a key component of the Fund’s investment strategy, performance was aided only by the third and fourth quintiles, representing companies with modest dividend yields, whereas all other quintiles weighed negatively on Fund performance during the fiscal year. The negative performance of dividend yield quintiles is largely because many developed equity markets suspended their dividend payments to conserve cash during the pandemic amid the economic uncertainty it introduced.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized Net

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,212.00        0.58   $ 3.20  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       38.88      1.20      5.23      3.38

Fund Market Price Returns

       39.91      0.99      5.41      3.34

WisdomTree International High Dividend Index

       39.75      1.48      5.52      3.62

MSCI EAFE Value Index

       45.71      1.85      6.57      3.65

 

LOGO

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

 

8   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    16.8%  

Health Care

    16.1%  

Consumer Staples

    12.7%  

Materials

    11.2%  

Industrials

    9.9%  

Communication Services

    8.7%  

Consumer Discretionary

    8.1%  

Utilities

    6.5%  

Information Technology

    4.6%  

Real Estate

    2.9%  

Energy

    1.7%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Novartis AG, Registered Shares

    3.0%  

Nestle S.A., Registered Shares

    2.9%  

Roche Holding AG, Genusschein

    2.3%  

GlaxoSmithKline PLC

    1.9%  

British American Tobacco PLC

    1.8%  

Fortescue Metals Group Ltd.

    1.7%  

Sanofi

    1.7%  

Unilever PLC

    1.6%  

Rio Tinto PLC

    1.5%  

Allianz SE, Registered Shares

    1.5%  
*

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

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

The Fund returned 32.91% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in Australia and Germany, which contributed positively to performance while its position in the United Kingdom detracted from performance. The Fund’s position in the Materials sector contributed positively to performance, while its position in the Communication Services sector contributed most negatively to performance. Despite the unusually high positive absolute performance, most global economies struggled in containing the virus during the pandemic and, as a result, experienced a relatively slower recovery compared to countries such as the U.S.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized Net

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,162.80        0.48   $ 2.59  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

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

Fund NAV Returns

       32.91      2.14      6.00      3.71

Fund Market Price Returns

       33.38      1.89      6.15      3.71

WisdomTree International LargeCap Dividend Index

       33.41      2.37      6.25      3.95

MSCI EAFE Index

       44.57      6.02      8.85      5.52

 

LOGO

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

 

WisdomTree Trust      9  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    17.2%  

Industrials

    17.0%  

Utilities

    10.3%  

Real Estate

    10.0%  

Materials

    9.6%  

Communication Services

    7.6%  

Information Technology

    7.1%  

Consumer Discretionary

    6.8%  

Consumer Staples

    6.5%  

Energy

    4.5%  

Health Care

    2.8%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

OMV AG

    1.4%  

Lenovo Group Ltd.

    1.4%  

Power Assets Holdings Ltd.

    1.3%  

UnipolSai Assicurazioni SpA

    1.0%  

ACS Actividades de Construccion y Servicios S.A.

    1.0%  

Admiral Group PLC

    1.0%  

Standard Life Aberdeen PLC

    0.9%  

Mediobanca Banca di Credito Finanziario SpA

    0.8%  

Koninklijke KPN N.V.

    0.7%  

Tele2 AB, Class B

    0.7%  
*

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

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

The Fund returned 46.54% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in Switzerland and Germany, which contributed positively to performance while its positions in Sweden and the United Kingdom detracted from performance. The Fund’s positions in the Information Technology and Health Care sectors contributed positively to performance, while its positions in the Financials and Utilities sectors were detractors. Despite the unusually high positive absolute performance, most global economies struggled in containing the virus during the pandemic and, as a result, experienced a relatively slower recovery compared to countries such as the U.S.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,209.30        0.58   $ 3.19  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       46.54      2.68      6.86      5.47

Fund Market Price Returns

       47.66      2.35      6.93      5.48

WisdomTree International MidCap Dividend Index

       47.63      3.18      7.41      5.77

MSCI EAFE Mid Cap Index

       52.58      6.18      9.10      6.66

 

LOGO

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

 

10   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International Multifactor Fund (DWMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    13.7%  

Health Care

    13.6%  

Financials

    13.5%  

Consumer Staples

    12.6%  

Consumer Discretionary

    9.7%  

Materials

    9.7%  

Communication Services

    7.1%  

Information Technology

    6.7%  

Utilities

    5.4%  

Real Estate

    4.2%  

Energy

    2.2%  

Other Assets less Liabilities‡

    1.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Admiral Group PLC

    1.4%  

Sanofi

    1.4%  

Sartorius Stedim Biotech

    1.2%  

Oversea-Chinese Banking Corp., Ltd.

    1.1%  

Singapore Exchange Ltd.

    1.1%  

Kuehne + Nagel International AG, Registered Shares

    1.1%  

Novozymes A/S, Class B

    1.1%  

Ipsen S.A.

    1.1%  

BioMerieux

    1.0%  

Givaudan S.A., Registered Shares

    1.0%  
*

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

The WisdomTree International Multifactor Fund (the ‘‘Fund’’) seeks capital appreciation by investing primarily in equity securities of developed countries, excluding the United States and Canada, with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation. The Fund seeks to manage its currency risk by dynamically hedging currency fluctuations in the relative value of the applicable international currencies against the U.S. dollar, ranging from a 0% to 100% hedge.

The Fund returned 24.70% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s multifactor tilts contributed negatively to performance as the Fund’s focus on the high quality, low correlation, high momentum, and value-oriented subsections of the market underperformed. During the fiscal year, the Fund utilized forward foreign currency contracts to offset applicable international currency exposure from positions in international equities. The Fund’s use of foreign currency contracts contributed negatively to Fund performance as the U.S. dollar weakened against various international currencies, which served as a headwind to the strategy’s dynamic currency hedges.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,079.10        0.38   $ 1.97  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       24.70      3.56

Fund Market Price Returns

       24.36      3.69

MSCI EAFE Local Currency Index

       36.56      6.21

MSCI EAFE Index

       44.57      7.47
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

 

LOGO

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

 

WisdomTree Trust      11  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Materials

    21.5%  

Health Care

    17.4%  

Industrials

    13.6%  

Information Technology

    13.0%  

Consumer Discretionary

    11.6%  

Consumer Staples

    8.3%  

Communication Services

    4.5%  

Financials

    4.4%  

Real Estate

    2.6%  

Energy

    1.1%  

Utilities

    1.0%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Rio Tinto PLC

    6.4%  

BHP Group Ltd.

    5.9%  

Unilever PLC

    5.6%  

LVMH Moet Hennessy Louis Vuitton SE

    4.7%  

SoftBank Corp.

    4.2%  

GlaxoSmithKline PLC

    3.7%  

Roche Holding AG, Genusschein

    3.6%  

Linde PLC

    3.1%  

SAP SE

    3.0%  

ASML Holding N.V.

    2.5%  
*

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

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

The Fund returned 46.22% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s overweight position in the Information Technology sector contributed most positively to performance, while its position in the Consumer Staples sector contributed the least positively to performance. The Fund’s position in Japan contributed the most positively to performance while its position in Germany contributed the least positively to performance. Global equities, and international developed equities were initially hit hard during the global sell-off induced by the ongoing COVID-19 pandemic. After market lows were established at the end of March 2020, the duration of the fiscal year saw many global economies and markets recover with international equities rallying during the fiscal year. The U.S. dollar weakened significantly during the fiscal year, which served as a tailwind to returns vs. hedged benchmarks. The Fund’s significant overweight to higher quality companies proved to be a source of outperformance when compared to companies with marginally worse quality metrics (based on return-on-equity quintiles), but companies in the lowest quintiles of the market saw significant outperformance in the latter half of the fiscal year as the market experienced a significant risk-on rally.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized Net

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,150.60        0.42   $ 2.25  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.84        0.42   $ 2.12  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      Since Inception1  

Fund NAV Returns

       46.22      9.03      10.43

Fund Market Price Returns

       48.27      8.79      10.59

WisdomTree International Quality Dividend Growth Index

       46.60      9.30      10.77

MSCI EAFE Index

       44.57      6.02      9.45
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 7, 2016.

 

LOGO

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

 

12   WisdomTree Trust


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    22.9%  

Financials

    15.1%  

Materials

    11.2%  

Consumer Discretionary

    10.6%  

Real Estate

    9.8%  

Consumer Staples

    7.1%  

Information Technology

    6.5%  

Energy

    4.4%  

Utilities

    4.0%  

Health Care

    4.0%  

Communication Services

    3.4%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Ferrexpo PLC

    1.5%  

Euronav N.V.

    1.1%  

Nexity S.A.

    1.0%  

Neles Oyj

    0.9%  

Enav SpA

    0.8%  

Oesterreichische Post AG

    0.8%  

TP ICAP Group PLC

    0.8%  

Scandinavian Tobacco Group A/S, Class A

    0.7%  

China Power International Development Ltd.

    0.7%  

Platinum Asset Management Ltd.

    0.7%  
*

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

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

The Fund returned 53.46% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The Fund’s positions in the Real Estate and Materials sectors were additive during the fiscal year, while positions in Financials, Communication Services, and Industrials sectors detracted from performance. Dividend paying companies in developed equity markets struggled during 2020, despite the positive absolute performance, since many of them suspended their dividends as the region navigated the COVID-19 pandemic. This is evidenced through dividend yield attribution, where all the top three quintiles of dividend payers contributed negatively to performance for the fiscal year. From a regional perspective, only positions in the United Kingdom were materially additive for performance, while positions in Hong Kong, Sweden, and Japan detracted from performance.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized Net

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,214.20        0.58   $ 3.20  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       53.46      1.73      7.55      6.69

Fund Market Price Returns

       54.86      1.41      7.60      6.72

WisdomTree International SmallCap Dividend Index

       55.79      2.92      8.42      7.34

MSCI EAFE Small Cap Index

       61.98      6.32      10.50      8.01

 

LOGO

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

 

WisdomTree Trust      13  


Management’s Discussion of Funds’ Performance

as of March 31, 2021 (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    25.8%  

Consumer Discretionary

    15.6%  

Materials

    14.4%  

Financials

    11.7%  

Information Technology

    10.3%  

Consumer Staples

    6.7%  

Health Care

    4.9%  

Communication Services

    2.9%  

Real Estate

    2.5%  

Utilities

    2.2%  

Energy

    1.4%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    1.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Seven Bank Ltd.

    0.8%  

JTEKT Corp.

    0.7%  

Electric Power Development Co., Ltd.

    0.7%  

Sojitz Corp.

    0.7%  

Mebuki Financial Group, Inc.

    0.7%  

Nippon Yusen K.K.

    0.6%  

AEON Financial Service Co., Ltd.

    0.6%  

Denka Co., Ltd.

    0.6%  

Yokohama Rubber Co., Ltd. (The)

    0.6%  

Tokyo Tatemono Co., Ltd.

    0.5%  
*

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

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

The Fund returned 33.27% at net asset value (“NAV”) for the fiscal year ended March 31, 2021. The fiscal year performance is measured beginning April 1, 2020, which roughly marks the start of the stock market recovery from the COVID-19 pandemic induced market sell-off that occurred prior to this date, and explains why absolute performance is exceptionally high for the fiscal year ended March 31, 2021. During the recovery, the Fund benefited the most from its positions in the Consumer Staples and Real Estate sectors, which were primarily due to allocation effects. The Fund’s positions in the Consumer Discretionary, Information Technology, and Financials sectors were detractors, due to a combination of stock selection and allocation in most cases. In terms of performance by dividend yield quintiles, since dividends are a key component of the Fund’s investment strategy, performance was aided only by the fourth quintile, whereas all other quintiles weighed negatively on Fund performance during the fiscal year.

Shareholder Expense Example (for the six-month period ended March 31, 2021)

 

         
     

Beginning

Account Value

    

Ending

Account Value

    

Annualized Net

Expense Ratio

   

Expenses Paid

During the

Period

 

Actual

   $ 1,000.00      $ 1,109.40        0.58   $ 3.05  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       33.27      0.50      8.81      7.94

Fund Market Price Returns

       35.58      0.17      8.99      8.01

WisdomTree Japan SmallCap Dividend Index

       34.02      0.76      9.61      8.63

MSCI Japan Small Cap Index

       37.99      2.63      9.62      8.62

 

LOGO

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

 

14   WisdomTree Trust


Description of Terms and Indexes (unaudited)

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

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

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

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

The MSCI EAFE Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets, excluding the U.S. and Canada.

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

The MSCI EAFE Value Index is a free float-adjusted market capitalization index that is designed to measure the performance of the “value” stocks within the developed equity market, excluding the U.S. and Canada.

The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within developed market European countries.

The MSCI Europe Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of “small” stocks within developed market European countries.

The MSCI Japan Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan.

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

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

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

The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.

The WisdomTree Europe SmallCap Dividend Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the European dividend-paying market.

The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector.

The WisdomTree International Equity Index is a fundamentally weighted Index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States.

The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.

The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

 

WisdomTree Trust      15  


Description of Terms and Indexes (unaudited) (continued)

 

The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market companies.

The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small-capitalization companies in Japan.

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

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

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

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

* * * * * *

 

16   WisdomTree Trust


Description of Terms and Indexes (unaudited) (concluded)

 

Abbreviations used in the schedules of investments and related tables included in this report are as follows:

 

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

 

Other abbreviations:
CVA   Certificaten Van Aandelen (Certificate of Stock)
RSP   Risparmio Italian Savings Shares

 

WisdomTree Trust      17  


Schedule of Investments

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%

 

Australia – 2.5%      

BHP Group PLC

     40,144      $ 1,160,074  
Austria – 1.1%      

OMV AG

     9,540        485,046  

Verbund AG(a)

     686        49,988  
     

 

 

 
Total Austria

 

     535,034  
Belgium – 0.7%      

Barco N.V.

     1,215        28,574  

Elia Group S.A./N.V.(a)

     422        46,572  

Etablissements Franz Colruyt N.V.

     992        59,298  

UCB S.A.

     856        81,611  

Umicore S.A.

     539        28,653  

Warehouses De Pauw CVA

     2,129        70,512  
     

 

 

 
Total Belgium

 

     315,220  
Denmark – 4.1%      

AP Moller – Maersk A/S, Class B

     42        97,800  

Carlsberg A/S, Class B

     866        133,377  

Coloplast A/S, Class B

     1,294        195,042  

DSV Panalpina A/S

     234        46,020  

H. Lundbeck A/S

     1,568        53,696  

Novo Nordisk A/S, Class B

     11,399        774,140  

Novozymes A/S, Class B

     1,160        74,480  

Orsted A/S(b)

     1,701        275,393  

Scandinavian Tobacco Group A/S, Class A(b)

     2,536        48,773  

Topdanmark A/S

     908        41,641  

Tryg A/S(a)

     1,805        42,672  

Vestas Wind Systems A/S

     691        142,176  
     

 

 

 
Total Denmark

 

     1,925,210  
Finland – 2.2%

 

Huhtamaki Oyj

     778        35,259  

Kesko Oyj, Class B

     3,730        114,331  

Kojamo Oyj

     1,371        26,877  

Kone Oyj, Class B

     3,451        282,538  

Neles Oyj

     6,065        77,198  

Neste Oyj

     4,931        262,300  

Orion Oyj, Class B(a)

     1,314        52,770  

Stora Enso Oyj, Class R

     3,288        61,463  

Uponor Oyj

     1,093        24,305  

Valmet Oyj(a)

     1,796        65,457  

YIT Oyj(a)

     6,816        36,321  
     

 

 

 
Total Finland

 

     1,038,819  
France – 16.2%

 

Air Liquide S.A.

     3,073        503,109  

Arkema S.A.

     640        77,739  

Capgemini SE

     799        136,258  

Danone S.A.

     8,643        594,250  

Dassault Systemes SE

     454        97,326  

Gaztransport Et Technigaz S.A.

     502        40,120  

Hermes International

     223        247,415  

Kering S.A.

     577        399,158  

L’Oreal S.A.

     2,131        818,491  

Legrand S.A.

     1,656      154,380  

LVMH Moet Hennessy Louis Vuitton SE

     1,977        1,320,018  

Orange S.A.

     45,941        567,212  

Sanofi

     14,993        1,484,592  

Schneider Electric SE

     4,433        678,616  

Teleperformance

     238        86,937  

Trigano S.A.

     198        37,094  

Verallia S.A.(b)

     1,582        57,174  

Vivendi SE

     8,632        284,065  
     

 

 

 
Total France

 

     7,583,954  
Germany – 16.2%

 

Aurubis AG

     475        39,436  

Beiersdorf AG

     580        61,419  

Brenntag SE

     1,113        95,230  

Carl Zeiss Meditec AG, Bearer Shares

     262        39,569  

CropEnergies AG

     413        5,796  

Deutsche Boerse AG

     1,255        209,008  

Deutsche Post AG, Registered Shares

     11,625        638,329  

Deutsche Telekom AG, Registered Shares

     70,428        1,421,229  

E.ON SE

     42,527        496,021  

Fresenius Medical Care AG & Co. KGaA

     1,828        134,751  

Fresenius SE & Co. KGaA

     4,861        216,985  

GRENKE AG

     335        12,717  

Hapag-Lloyd AG(b)

     1,138        177,084  

Henkel AG & Co. KGaA

     1,499        148,782  

Infineon Technologies AG

     4,389        186,501  

Knorr-Bremse AG

     930        116,320  

LANXESS AG

     985        72,771  

LEG Immobilien SE

     802        105,721  

Merck KGaA

     388        66,487  

Rational AG

     32        24,916  

SAP SE

     6,301        773,289  

Scout24 AG(b)

     658        50,035  

Siemens AG, Registered Shares

     10,411        1,713,046  

Siemens Healthineers AG(b)

     6,503        353,105  

Siltronic AG

     484        78,216  

Softwareone Holding AG*

     775        20,092  

Symrise AG

     608        73,888  

TAG Immobilien AG*

     1,560        44,627  

Talanx AG

     5,309        225,626  
     

 

 

 
Total Germany

 

     7,600,996  
Ireland – 0.2%

 

Glanbia PLC

     2,263        33,805  

Kerry Group PLC, Class A

     438        54,927  
     

 

 

 
Total Ireland

 

     88,732  
Italy – 2.8%

 

ACEA SpA

     3,329        72,930  

Anima Holding SpA(b)

     9,936        51,289  

DiaSorin SpA

     144        23,153  

Ferrari N.V.

     505        105,856  

Infrastrutture Wireless Italiane SpA(b)

     2,603        29,063  

Italgas SpA

     14,507        94,372  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2021

 

 

 

Investments    Shares      Value  

Mediobanca Banca di Credito Finanziario SpA*

     22,210      $ 246,834  

Recordati Industria Chimica e Farmaceutica SpA

     1,731        93,320  

Snam SpA

     54,417        302,385  

Telecom Italia SpA

     170,249        92,283  

Terna Rete Elettrica Nazionale SpA

     26,819        202,928  
     

 

 

 
Total Italy

 

     1,314,413  
Kazakhstan – 0.1%

 

KAZ Minerals PLC

     3,278        39,212  
Netherlands – 5.6%

 

Aalberts N.V.

     1,012        51,382  

Akzo Nobel N.V.

     1,393        155,992  

ASM International N.V.

     428        124,751  

ASML Holding N.V.

     1,108        673,254  

ASR Nederland N.V.

     3,449        154,888  

BE Semiconductor Industries N.V.

     988        82,956  

Euronext N.V.(b)

     449        45,330  

Koninklijke Ahold Delhaize N.V.

     12,099        337,724  

Koninklijke DSM N.V.

     1,217        206,398  

Koninklijke KPN N.V.

     64,898        220,739  

Koninklijke Vopak N.V.

     857        42,757  

NN Group N.V.

     7,609        372,827  

TKH Group N.V., CVA

     769        36,984  

Wolters Kluwer N.V.

     1,673        145,740  
     

 

 

 
Total Netherlands

 

     2,651,722  
Norway – 0.3%

 

Atea ASA*

     2,162        36,826  

Austevoll Seafood ASA

     1,109        13,446  

Elkem ASA(b)

     6,110        26,626  

Kongsberg Gruppen ASA

     1,498        34,395  

Leroy Seafood Group ASA

     4,870        41,704  
     

 

 

 
Total Norway

 

     152,997  
Portugal – 0.1%

 

Jeronimo Martins, SGPS, S.A.

     2,657        44,812  
Spain – 5.4%

 

Acciona S.A.

     399        67,012  

ACS Actividades de Construccion y Servicios S.A.

     9,988        331,741  

Almirall S.A.

     2,374        36,077  

Cie Automotive S.A.(a)

     1,377        36,122  

Ebro Foods S.A.

     2,087        43,121  

Euskaltel S.A.(b)

     3,183        41,525  

Faes Farma S.A.

     11,021        47,343  

Fomento de Construcciones y Contratas S.A.

     6,308        74,583  

Grifols S.A.(a)

     1,683        44,169  

Iberdrola S.A.

     78,654        1,015,475  

Industria de Diseno Textil S.A.

     18,780        620,227  

Inmobiliaria Colonial Socimi S.A.

     5,865        56,903  

Prosegur Cash S.A.(b)

     34,909        31,879  

Prosegur Cia de Seguridad S.A.

     9,811        31,249  

Viscofan S.A.

     554        38,351  
     

 

 

 
Total Spain

 

     2,515,777  
Sweden – 3.1%

 

Assa Abloy AB, Class B

     3,657      105,309  

Atlas Copco AB, Class A

     4,933        300,860  

Atlas Copco AB, Class B

     2,537        132,289  

Avanza Bank Holding AB

     682        21,235  

Axfood AB(a)

     2,997        71,793  

Beijer Ref AB

     662        29,149  

Boliden AB

     3,051        113,411  

Bravida Holding AB(b)

     2,425        33,469  

Elekta AB, Class B

     2,592        33,678  

Epiroc AB, Class A

     6,675        151,477  

EQT AB

     1,841        60,724  

Essity AB, Class B(a)

     3,946        124,904  

Evolution Gaming Group AB(b)

     591        87,196  

Klovern AB, Class B(a)

     10,440        18,242  

Platzer Fastigheter Holding AB, Class B

     2,212        26,342  

Skanska AB, Class B(a)

     2,922        73,416  

SKF AB, Class B

     2,242        63,842  
     

 

 

 
Total Sweden

 

     1,447,336  
Switzerland – 13.3%

 

Cembra Money Bank AG

     381        42,142  

Coca-Cola HBC AG

     3,641        116,042  

Credit Suisse Group AG, Registered Shares

     11,992        126,170  

DKSH Holding AG

     738        56,890  

Geberit AG, Registered Shares

     294        187,930  

Givaudan S.A., Registered Shares

     57        220,575  

Kuehne + Nagel International AG, Registered Shares

     900        257,908  

Logitech International S.A., Registered Shares

     941        99,124  

Lonza Group AG, Registered Shares

     173        97,129  

Nestle S.A., Registered Shares

     15,976        1,788,144  

Partners Group Holding AG

     281        360,375  

Roche Holding AG, Bearer Shares

     1,542        529,210  

Roche Holding AG, Genusschein

     5,792        1,879,792  

Schindler Holding AG, Participation Certificate

     177        52,208  

Schindler Holding AG, Registered Shares

     461        132,645  

Sika AG, Registered Shares

     420        120,491  

STMicroelectronics N.V.(a)

     2,772        105,948  

Temenos AG, Registered Shares

     95        13,733  

Vifor Pharma AG

     253        34,584  
     

 

 

 
Total Switzerland

 

     6,221,040  
United Kingdom – 25.3%

 

Admiral Group PLC

     4,743        202,927  

Ashmore Group PLC

     10,457        56,469  

Ashtead Group PLC

     2,546        151,995  

Avast PLC(b)

     8,396        52,823  

BAE Systems PLC

     58,039        404,386  

Berkeley Group Holdings PLC

     2,271        139,087  

Big Yellow Group PLC

     1,906        29,321  

Bodycote PLC

     3,290        37,517  

British American Tobacco PLC

     56,490        2,162,036  

Bunzl PLC

     2,176        69,742  

Close Brothers Group PLC

     2,762        59,104  

CMC Markets PLC(b)

     4,400        29,321  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Schedule of Investments (concluded)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2021

 

 

 

Investments    Shares      Value  

Coca-Cola European Partners PLC

     2,648      $ 137,559  

Cranswick PLC

     623        31,253  

Croda International PLC

     900        78,825  

Daily Mail & General Trust PLC, Class A Non-Voting Shares

     3,927        49,196  

DCC PLC

     706        61,269  

easyJet PLC*

     11,837        159,755  

FDM Group Holdings PLC

     1,315        18,288  

Ferrexpo PLC

     24,316        125,674  

Fevertree Drinks PLC

     335        9,891  

Fresnillo PLC

     2,346        27,972  

Games Workshop Group PLC

     266        36,572  

GlaxoSmithKline PLC

     96,779        1,719,815  

Hargreaves Lansdown PLC

     5,902        125,524  

Hikma Pharmaceuticals PLC

     962        30,209  

HomeServe PLC

     2,168        35,924  

IMI PLC

     3,601        66,277  

Intertek Group PLC

     959        74,122  

Johnson Matthey PLC

     1,000        41,570  

Jupiter Fund Management PLC

     14,145        54,371  

Linde PLC

     2,961        831,387  

London Stock Exchange Group PLC

     886        84,836  

Moneysupermarket.com Group PLC

     5,900        21,702  

Persimmon PLC

     1,778        72,121  

Quilter PLC(b)

     27,521        60,696  

RELX PLC

     18,393        461,605  

Rio Tinto PLC

     27,159        2,079,656  

Sage Group PLC (The)

     11,165        94,398  

Segro PLC(b)

     8,172        105,714  

Smith & Nephew PLC

     6,133        116,602  

Smiths Group PLC

     3,400        72,124  

Spirax-Sarco Engineering PLC

     383      60,241  

Tate & Lyle PLC

     8,944        94,673  

Ultra Electronics Holdings PLC

     866        24,231  

Unilever PLC

     23,287        1,303,156  

WM Morrison Supermarkets PLC

     30,875        77,721  
     

 

 

 
Total United Kingdom

 

     11,839,657  
TOTAL COMMON STOCKS
(Cost: $40,166,341)

 

     46,475,005  
RIGHTS – 0.0%

 

Italy – 0.0%

 

Snam SpA, expiring 4/7/21*
(Cost: $0)
     61,449        0  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0%

 

United States – 1.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $476,829)      476,829        476,829  
TOTAL INVESTMENTS IN SECURITIES – 100.2%
(Cost: $40,643,170)

 

     46,951,834  

Other Assets less Liabilities – (0.2)%

 

     (95,702
     

 

 

 
NET ASSETS – 100.0%

 

   $ 46,856,132  
*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $672,003 and the total market value of the collateral held by the Fund was $749,617. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $272,788.

 

(b) 

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

 

(c)

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 46,475,005      $      $      $ 46,475,005  

Rights

            0               0  

Investment of Cash Collateral for Securities Loaned

            476,829               476,829  

Total Investments in Securities

   $ 46,475,005      $ 476,829      $      $ 46,951,834  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Schedule of Investments

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%   
Austria – 1.2%   

AT&S Austria Technologie & Systemtechnik AG

     48,716      $ 1,752,030  

Schoeller-Bleckmann Oilfield Equipment AG

     47,442        2,132,765  
     

 

 

 
Total Austria               3,884,795  
Belgium – 2.1%   

Bekaert S.A.

     45,523        1,908,993  

Fagron

     34,217        761,274  

Orange Belgium S.A.

     56,919        1,531,938  

Recticel S.A.

     74,017        1,080,442  

Xior Student Housing N.V.

     23,180        1,239,577  
     

 

 

 
Total Belgium               6,522,224  
Denmark – 4.9%   

Cementir Holding N.V.

     98,230        1,010,185  

Chemometec A/S

     47,894        4,548,755  

D/S Norden A/S

     135,375        3,144,798  

NNIT A/S(a)

     27,072        455,197  

Per Aarsleff Holding A/S

     49,154        2,140,018  

Scandinavian Tobacco Group A/S, Class A(a)

     196,295        3,775,172  
     

 

 

 
Total Denmark               15,074,125  
Finland – 5.5%   

Kamux Corp.

     60,054        923,205  

Oriola Oyj, Class B(b)

     260,536        627,726  

Raisio Oyj, Class V

     120,447        554,212  

Revenio Group Oyj

     26,531        1,577,803  

Rovio Entertainment Oyj(a)(b)

     154,293        1,203,194  

Talenom Oyj(b)

     60,434        760,000  

Terveystalo Oyj(a)(b)

     170,944        2,378,779  

Tokmanni Group Corp.

     112,630        2,647,479  

Uponor Oyj

     112,208        2,495,132  

Verkkokauppa.com Oyj(b)

     135,240        1,401,917  

YIT Oyj(b)

     443,788        2,364,861  
     

 

 

 
Total Finland               16,934,308  
France – 4.0%   

Albioma S.A.

     59,476        2,921,908  

Chargeurs S.A.

     55,311        1,501,661  

Derichebourg S.A.*

     195,135        1,599,661  

IPSOS

     67,003        2,535,705  

Kaufman & Broad S.A.

     46,239        2,002,601  

Quadient S.A.

     76,318        1,838,778  
     

 

 

 
Total France               12,400,314  
Germany – 5.7%   

Bilfinger SE

     25,291        926,810  

CropEnergies AG

     170,950        2,398,954  

DIC Asset AG

     162,752        2,827,153  

Eckert & Ziegler Strahlen- und Medizintechnik AG

     16,870        1,349,248  

Elmos Semiconductor SE

     28,545        1,201,051  

GFT Technologies SE

     67,639        1,257,628  

Hamburger Hafen und Logistik AG

     90,605        2,010,494  

Indus Holding AG

     23,873        993,250  

Jenoptik AG

     27,429        825,275  

VERBIO Vereinigte BioEnergie AG

     80,658      3,479,061  

Wuestenrot & Wuerttembergische AG

     27,854        582,060  
     

 

 

 
Total Germany               17,850,984  
Ireland – 1.8%   

Hibernia REIT PLC

     1,503,184        1,950,427  

Irish Continental Group PLC

     199,438        1,037,217  

Kenmare Resources PLC

     96,274        537,959  

Total Produce PLC

     803,886        1,946,302  
     

 

 

 
Total Ireland               5,471,905  
Italy – 8.0%   

Anima Holding SpA(a)

     1,197,668        6,182,261  

Ascopiave SpA

     195,439        896,976  

Danieli & C. Officine Meccaniche SpA

     37,191        937,592  

Danieli & C. Officine Meccaniche SpA, RSP

     61,273        940,504  

Datalogic SpA(b)

     139,164        2,849,204  

Falck Renewables SpA

     322,716        2,315,553  

Fiera Milano SpA(b)

     378,832        1,542,760  

Immobiliare Grande Distribuzione SIIQ SpA

     231,311        963,743  

La Doria SpA

     28,843        610,185  

Piaggio & C. SpA

     1,488,825        5,662,402  

RAI Way SpA(a)

     265,660        1,501,826  

Zignago Vetro SpA

     30,298        576,869  
     

 

 

 
Total Italy               24,979,875  
Netherlands – 1.7%   

ForFarmers N.V.

     132,980        918,993  

TKH Group N.V., CVA

     90,898        4,371,581  
     

 

 

 
Total Netherlands               5,290,574  
Norway – 12.8%   

ABG Sundal Collier Holding ASA

     537,746        560,654  

American Shipping Co. ASA*

     81,982        294,359  

Atea ASA*

     94,496        1,609,554  

Austevoll Seafood ASA

     331,843        4,023,470  

Bonheur ASA

     71,334        1,888,569  

Borregaard ASA

     190,082        4,146,183  

Elkem ASA(a)

     900,465        3,924,077  

Europris ASA(a)

     790,974        4,744,167  

Fjordkraft Holding ASA(a)

     477,996        3,902,877  

Kid ASA(a)

     71,648        837,650  

Norway Royal Salmon ASA

     27,150        648,189  

Selvaag Bolig ASA

     92,568        684,255  

SpareBank 1 Nord Norge

     140,877        1,346,660  

SpareBank 1 SMN

     190,219        2,393,239  

Sparebanken Vest

     61,157        560,965  

TGS NOPEC Geophysical Co. ASA

     505,150        8,062,777  
     

 

 

 
Total Norway               39,627,645  
Portugal – 1.9%   

Altri, SGPS, S.A.

     520,109        3,988,627  

Corticeira Amorim, SGPS, S.A.

     47,298        562,564  

Semapa-Sociedade de Investimento e Gestao

     88,957        1,233,703  
     

 

 

 
Total Portugal

 

     5,784,894  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2021

 

 

 

Investments    Shares      Value  
Spain – 1.9%

 

ContourGlobal PLC(a)

     307,248      $ 864,777  

Ercros S.A.

     148,450        445,779  

Faes Farma S.A.

     580,129        2,492,071  

Global Dominion Access S.A.*(a)

     234,004        1,183,982  

Miquel y Costas & Miquel S.A.

     53,983        977,071  
     

 

 

 
Total Spain

 

     5,963,680  
Sweden – 9.8%

 

AcadeMedia AB(a)

     161,252        1,515,154  

Akelius Residential Property AB, Class D(b)

     365,345        636,356  

Alimak Group AB(a)

     64,400        1,034,384  

Arjo AB, Class B

     307,882        2,297,732  

BioGaia AB, Class B

     16,054        755,153  

Catena AB

     76,806        3,392,530  

CTT Systems AB(b)

     36,086        635,913  

Dustin Group AB(a)

     284,083        2,907,220  

Instalco AB

     67,003        2,456,026  

Klovern AB, Class B(b)

     1,245,602        2,176,442  

Lagercrantz Group AB, Class B

     155,468        1,410,864  

LeoVegas AB(a)

     344,509        2,021,688  

Lindab International AB

     56,440        1,142,877  

Midsona AB, Class B(b)

     67,466        640,889  

MIPS AB

     21,544        1,544,807  

Platzer Fastigheter Holding AB, Class B

     114,885        1,368,134  

Ratos AB, Class B

     555,673        3,024,348  

Troax Group AB

     47,815        1,333,025  
     

 

 

 
Total Sweden

 

     30,293,542  
Switzerland – 7.9%

 

Bobst Group S.A., Registered Shares(b)

     27,927        1,853,096  

Comet Holding AG, Registered Shares

     6,972        1,607,527  

EFG International AG*(b)

     176,604        1,358,564  

Huber + Suhner AG, Registered Shares

     37,500        2,916,645  

Implenia AG, Registered Shares(b)

     54,319        1,500,605  

Kardex Holding AG, Registered Shares

     25,561        5,236,318  

Kudelski S.A., Bearer Shares(b)

     115,423        535,938  

Mobilezone Holding AG, Registered Shares

     193,502        2,533,012  

Swissquote Group Holding S.A., Registered Shares

     24,682        3,199,494  

Valiant Holding AG, Registered Shares

     21,939        2,293,787  

Zehnder Group AG

     18,794        1,503,680  
     

 

 

 
Total Switzerland

 

     24,538,666  
United Kingdom – 29.9%

 

Aggreko PLC

     155,817        1,885,382  

Anglo Asian Mining PLC

     376,081        700,487  

Avon Rubber PLC

     14,534        633,661  

Bodycote PLC

     305,132        3,479,489  

Brewin Dolphin Holdings PLC

     872,673        3,738,505  

CareTech Holdings PLC

     85,457        634,329  

Chemring Group PLC

     327,588        1,202,249  

Chesnara PLC

     194,156        763,450  

Clinigen Group PLC

     80,807        864,601  

Clipper Logistics PLC

     191,199        1,561,680  

CLS Holdings PLC

     537,786      1,699,142  

CMC Markets PLC(a)

     765,019        5,098,051  

Craneware PLC(b)

     24,658        731,444  

Daily Mail & General Trust PLC, Class A Non-Voting Shares

     108,259        1,356,234  

Devro PLC

     373,134        994,619  

Diversified Gas & Oil PLC

     2,986,230        4,573,314  

Drax Group PLC

     919,345        5,327,367  

EMIS Group PLC

     85,259        1,293,951  

FDM Group Holdings PLC

     110,609        1,538,281  

Ferrexpo PLC

     1,570,118        8,114,932  

Helical PLC

     104,774        597,742  

Hilton Food Group PLC

     102,679        1,521,496  

IG Design Group PLC

     99,998        814,007  

Impax Asset Management Group PLC

     122,499        1,311,533  

iomart Group PLC(b)

     131,123        566,250  

James Fisher & Sons PLC

     37,734        552,894  

James Halstead PLC(b)

     51,195        351,756  

Jupiter Fund Management PLC

     1,863,176        7,161,761  

Learning Technologies Group PLC

     233,663        484,222  

Liontrust Asset Management PLC

     80,974        1,586,422  

Luceco PLC(a)

     173,587        651,435  

Moneysupermarket.com Group PLC

     1,393,899        5,127,153  

NCC Group PLC

     365,196        1,299,962  

Nichols PLC(b)

     57,613        1,033,353  

Numis Corp. PLC

     93,844        488,127  

PayPoint PLC

     415,633        3,383,349  

Polar Capital Holdings PLC

     174,587        1,676,509  

PZ Cussons PLC

     433,791        1,597,999  

Sabre Insurance Group PLC(a)

     280,848        980,340  

Serica Energy PLC

     246,102        382,330  

Smart Metering Systems PLC

     169,907        1,945,692  

Stock Spirits Group PLC

     269,517        1,041,188  

Telecom Plus PLC

     106,794        1,871,265  

TORM PLC(b)

     254,142        2,321,353  

TP ICAP Group PLC

     1,776,859        5,968,258  

Volex PLC

     164,262        763,751  

XPS Pensions Group PLC

     433,073        731,951  

YouGov PLC

     35,737        494,296  
     

 

 

 
Total United Kingdom

 

     92,897,562  
TOTAL COMMON STOCKS
(Cost: $254,222,559)

 

     307,515,093  
EXCHANGE-TRADED FUND – 0.2%

 

United States – 0.2%

 

WisdomTree International MidCap Dividend Fund(c)

 

  
(Cost: $594,938)      9,388        629,963  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2021

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2%

 

United States – 2.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d)

     
(Cost: $6,775,008)      6,775,008      $ 6,775,008  
TOTAL INVESTMENTS IN SECURITIES – 101.5%
(Cost: $261,592,505)

 

     314,920,064  

Other Assets less Liabilities – (1.5)%

 

     (4,693,000
     

 

 

 
NET ASSETS – 100.0%

 

   $ 310,227,064  
*

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $11,357,587 and the total market value of the collateral held by the Fund was $12,004,442. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,229,434.

 

(c) 

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

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree International MidCap Dividend Fund

  $ 4,217,400     $ 1,994,727     $ 5,842,278     $ 261,539     $ (1,425   $ 629,963     $ 24,527  

 

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

Goldman Sachs

    4/1/2021       126,877       USD       120,000       CHF     $     $ (627

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 307,515,093      $      $      $ 307,515,093  

Exchange-Traded Fund

     629,963                      629,963  

Investment of Cash Collateral for Securities Loaned

            6,775,008               6,775,008  

Total Investments in Securities

   $ 308,145,056      $ 6,775,008      $      $ 314,920,064  

Liabilities:

        

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (627    $      $ (627

Total – Net

   $ 308,145,056      $ 6,774,381      $      $ 314,919,437  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Schedule of Investments

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%

 

Australia – 13.1%

 

BHP Group Ltd.

     53,713      $ 1,853,246  

BHP Group PLC

     81,268        2,348,469  

Coles Group Ltd.

     76,135        928,391  

Fortescue Metals Group Ltd.

     261,500        3,981,438  

Rio Tinto Ltd.

     25,932        2,187,435  

Sonic Healthcare Ltd.

     27,310        729,895  

Telstra Corp., Ltd.

     847,138        2,193,757  

Transurban Group

     92,341        936,816  

Wesfarmers Ltd.

     29,299        1,175,362  

Woodside Petroleum Ltd.

     142,278        2,600,785  
     

 

 

 
Total Australia

 

     18,935,594  
China – 2.9%

 

China Overseas Land & Investment Ltd.

     602,500        1,565,449  

Guangdong Investment Ltd.

     920,000        1,498,138  

Wilmar International Ltd.

     281,300        1,134,747  
     

 

 

 
Total China

 

     4,198,334  
Finland – 3.4%

 

Fortum Oyj

     94,123        2,517,773  

Neste Oyj

     10,224        543,856  

UPM-Kymmene Oyj

     49,311        1,775,167  
     

 

 

 
Total Finland

 

     4,836,796  
France – 4.4%

 

Danone S.A.

     19,509        1,341,342  

Edenred

     10,648        557,400  

Gecina S.A.

     10,804        1,490,737  

Orange S.A.

     148,788        1,837,014  

Sanofi

     11,063        1,095,447  
     

 

 

 
Total France

 

     6,321,940  
Germany – 10.2%

 

BASF SE

     32,320        2,690,906  

Bayer AG, Registered Shares

     30,854        1,956,735  

Bayerische Motoren Werke AG

     16,616        1,727,711  

Continental AG

     8,463        1,120,977  

E.ON SE

     130,761        1,525,153  

Evonik Industries AG

     59,321        2,102,753  

Siemens AG, Registered Shares

     8,638        1,421,313  

Volkswagen AG(a)

     5,782        2,101,194  
     

 

 

 
Total Germany

 

     14,646,742  
Hong Kong – 8.3%

 

Hang Lung Properties Ltd.

     458,000        1,190,001  

Henderson Land Development Co., Ltd.

     490,000        2,199,641  

Link REIT

     168,500        1,534,488  

New World Development Co., Ltd.

     317,000        1,639,139  

Power Assets Holdings Ltd.

     375,000        2,213,983  

Sun Hung Kai Properties Ltd.

     113,000        1,712,198  

Swire Properties Ltd.

     464,000        1,435,368  
     

 

 

 
Total Hong Kong

 

     11,924,818  
Italy – 1.2%

 

Snam SpA

     314,957        1,750,158  
Japan – 22.1%

 

Astellas Pharma, Inc.

     53,100      817,884  

Bridgestone Corp.

     34,600        1,401,222  

Canon, Inc.

     108,800        2,464,000  

Daiwa House Industry Co., Ltd.(a)

     38,500        1,129,217  

Denso Corp.

     18,100        1,203,445  

ENEOS Holdings, Inc.(a)

     478,700        2,172,995  

FUJIFILM Holdings Corp.

     9,900        588,714  

Fujitsu Ltd.

     3,200        463,348  

Hitachi Ltd.(a)

     22,200        1,005,328  

Honda Motor Co., Ltd.

     37,600        1,129,361  

ITOCHU Corp.(a)

     37,500        1,217,308  

Japan Tobacco, Inc.

     118,000        2,269,231  

KDDI Corp.(a)

     47,700        1,465,534  

Kirin Holdings Co., Ltd.

     49,700        953,745  

Mitsubishi Corp.(a)

     68,200        1,931,819  

Murata Manufacturing Co., Ltd.

     6,000        480,108  

Panasonic Corp.

     91,700        1,181,312  

Sekisui House Ltd.

     77,500        1,665,023  

Seven & I Holdings Co., Ltd.

     27,000        1,090,507  

SoftBank Corp.(a)

     175,100        2,279,469  

Sumitomo Corp.(a)

     137,700        1,965,185  

Takeda Pharmaceutical Co., Ltd.(a)

     41,200        1,485,810  

TDK Corp.

     3,500        485,566  

Tokyo Electron Ltd.

     2,500        1,058,597  
     

 

 

 
Total Japan

 

     31,904,728  
Netherlands – 2.2%

 

Koninklijke Ahold Delhaize N.V.

     37,729        1,053,143  

Koninklijke KPN N.V.

     633,283        2,153,996  
     

 

 

 
Total Netherlands

 

     3,207,139  
Norway – 4.3%

 

Equinor ASA

     138,047        2,705,520  

Telenor ASA

     100,939        1,779,604  

Yara International ASA

     34,110        1,777,355  
     

 

 

 
Total Norway

 

     6,262,479  
Singapore – 2.5%

 

CapitaLand Ltd.

     626,500        1,753,230  

Singapore Telecommunications Ltd.

     1,057,400        1,920,256  
     

 

 

 
Total Singapore

 

     3,673,486  
Spain – 5.3%

 

Endesa S.A.

     67,886        1,799,981  

Ferrovial S.A.

     42,229        1,103,313  

Naturgy Energy Group S.A.(a)

     118,037        2,899,432  

Red Electrica Corp. S.A.

     100,780        1,788,545  
     

 

 

 
Total Spain

 

     7,591,271  
Sweden – 1.6%

 

Telefonaktiebolaget LM Ericsson, Class B

     37,490        496,996  

Telia Co. AB

     422,029        1,831,667  
     

 

 

 
Total Sweden

 

     2,328,663  
Switzerland – 4.8%

 

ABB Ltd., Registered Shares

     38,966        1,182,457  

LafargeHolcim Ltd., Registered Shares*

     31,436        1,855,130  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2021

 

 

 

Investments    Shares      Value  

Novartis AG, Registered Shares

     13,471      $ 1,156,088  

Roche Holding AG, Bearer Shares(a)

     2,485        852,845  

Roche Holding AG, Genusschein

     2,487        807,155  

SGS S.A., Registered Shares

     361        1,028,360  
     

 

 

 
Total Switzerland

 

     6,882,035  
United Kingdom – 12.8%

 

AstraZeneca PLC

     7,046        704,508  

BAE Systems PLC

     243,985        1,699,962  

British American Tobacco PLC

     66,134        2,531,139  

GlaxoSmithKline PLC

     90,032        1,599,917  

National Grid PLC

     127,710        1,522,381  

Rio Tinto PLC

     32,637        2,499,125  

Sage Group PLC (The)

     80,148        677,636  

SSE PLC

     111,650        2,241,334  

Tesco PLC

     361,968        1,142,894  

Unilever PLC

     15,521        867,946  

Vodafone Group PLC

     1,667,247        3,033,638  
     

 

 

 
Total United Kingdom

 

     18,520,480  
TOTAL COMMON STOCKS
(Cost: $133,400,034)

 

     142,984,663  
RIGHTS – 0.0%

 

Italy – 0.0%

 

Snam SpA, expiring 4/7/21*
(Cost: $0)
     314,957        0  
EXCHANGE-TRADED FUND – 0.2%

 

United States – 0.2%

 

WisdomTree International LargeCap Dividend Fund(b)

   
(Cost: $199,960)     5,270     249,429  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 10.3%

 

United States – 10.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

   
(Cost: $14,936,369)     14,936,369       14,936,369  
TOTAL INVESTMENTS IN SECURITIES – 109.6%
(Cost: $148,536,363)

 

    158,170,461  

Other Assets less Liabilities – (9.6)%

 

    (13,822,307
   

 

 

 
NET ASSETS – 100.0%

 

  $ 144,348,154  
*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $19,304,061 and the total market value of the collateral held by the Fund was $20,284,151. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,347,782.

 

(b)

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

 

(c)

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree International LargeCap Dividend Fund

  $ 1,294,914     $ 4,090,640     $ 5,482,015     $ 231,554     $ 114,336     $ 249,429     $ 61,507  

 

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

Amount and
Description of
Currency to
be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    4/1/2021       19,620       USD       25,781       AUD     $     $ (16

JP Morgan Chase Bank N.A.

    4/6/2021       21,496       USD       20,261       CHF             (32

Royal Bank of Canada

    4/5/2021       47,732       USD       5,279,208       JPY             (44
                                            $     $ (92

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Schedule of Investments (concluded)

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 142,984,663      $      $      $ 142,984,663  

Rights

            0               0  

Exchange-Traded Fund

     249,429                      249,429  

Investment of Cash Collateral for Securities Loaned

            14,936,369               14,936,369  

Total Investments in Securities

   $ 143,234,092      $ 14,936,369      $      $ 158,170,461  

Liabilities:

  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (92    $      $ (92

Total – Net

   $ 143,234,092      $ 14,936,277      $      $ 158,170,369  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Schedule of Investments

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%

 

Australia – 9.2%

 

AGL Energy Ltd.

     48,642      $ 357,515  

Alumina Ltd.

     250,208        331,593  

Ampol Ltd.

     11,151        208,507  

Ansell Ltd.

     8,847        264,412  

APA Group(a)

     57,252        436,932  

ASX Ltd.

     9,678        523,727  

Aurizon Holdings Ltd.

     161,608        480,046  

AusNet Services

     331,359        463,117  

Australia & New Zealand Banking Group Ltd.

     159,778        3,429,363  

BHP Group Ltd.

     139,745        4,821,586  

BHP Group PLC

     129,089        3,730,391  

Brambles Ltd.

     47,754        384,814  

Brickworks Ltd.

     9,922        157,490  

carsales.com Ltd.

     22,745        308,536  

Charter Hall Group

     26,460        259,574  

Coles Group Ltd.

     72,430        883,213  

Commonwealth Bank of Australia

     78,049        5,118,302  

CSL Ltd.

     4,770        961,492  

Dexus

     74,306        551,803  

Fortescue Metals Group Ltd.

     504,943        7,687,951  

Goodman Group

     52,357        722,584  

Growthpoint Properties Australia Ltd.

     96,259        254,405  

Harvey Norman Holdings Ltd.(a)

     128,729        561,806  

JB Hi-Fi Ltd.(a)

     11,182        440,998  

Johns Lyng Group Ltd.

     68,004        199,930  

Macquarie Group Ltd.

     11,403        1,327,343  

Magellan Financial Group Ltd.

     9,324        320,780  

Medibank Pvt Ltd.

     148,646        317,005  

Mineral Resources Ltd.

     20,011        579,477  

Mirvac Group

     245,027        466,562  

National Australia Bank Ltd.

     178,946        3,543,650  

Newcrest Mining Ltd.

     18,683        347,494  

Nine Entertainment Co. Holdings Ltd.

     111,559        235,364  

Origin Energy Ltd.

     141,418        505,165  

OZ Minerals Ltd.

     21,517        374,312  

Pendal Group Ltd.

     46,422        229,823  

QBE Insurance Group Ltd.

     60,774        445,296  

Qube Holdings Ltd.

     78,108        177,878  

Rio Tinto Ltd.

     34,362        2,898,529  

Seven Group Holdings Ltd.(a)

     15,419        264,824  

Sonic Healthcare Ltd.

     15,467        413,376  

Spark Infrastructure Group

     157,357        260,077  

St Barbara Ltd.(a)

     127,213        190,392  

Stockland

     169,513        568,082  

Suncorp Group Ltd.

     58,691        442,550  

Telstra Corp., Ltd.

     702,473        1,819,131  

Transurban Group(a)

     89,816        911,199  

Washington H Soul Pattinson & Co., Ltd.(a)

     11,506        276,753  

Wesfarmers Ltd.

     54,011        2,166,711  

Woodside Petroleum Ltd.

     68,503        1,252,207  

Woolworths Group Ltd.

     31,273      973,486  

Worley Ltd.

     37,986        303,497  
     

 

 

 
Total Australia

 

     55,151,050  
Austria – 0.6%

 

Andritz AG(a)

     5,227        235,534  

Oesterreichische Post AG(a)

     11,684        512,211  

OMV AG

     35,442        1,801,994  

Telekom Austria AG

     70,052        553,271  

Voestalpine AG

     5,787        240,295  
     

 

 

 
Total Austria

 

     3,343,305  
Belgium – 0.6%

 

Aedifica S.A.

     2,311        265,636  

Cofinimmo S.A.

     1,918        279,975  

Etablissements Franz Colruyt N.V.

     4,765        284,831  

Euronav N.V.

     34,521        316,668  

Proximus SADP

     38,307        835,612  

Solvay S.A.(a)

     6,727        839,643  

Telenet Group Holding N.V.

     9,715        394,836  

UCB S.A.

     3,748        357,335  

Warehouses De Pauw CVA

     9,690        320,932  
     

 

 

 
Total Belgium

 

     3,895,468  
China – 1.9%

 

Beijing Enterprises Holdings Ltd.

     63,500        224,206  

BOC Hong Kong Holdings Ltd.

     703,944        2,458,319  

China Everbright Environment Group Ltd.

     472,000        319,344  

China Jinmao Holdings Group Ltd.

     796,000        319,446  

China Overseas Land & Investment Ltd.

     565,675        1,469,768  

China Power International Development Ltd.

     1,148,000        267,270  

China Resources Power Holdings Co., Ltd.

     358,000        475,218  

CSPC Pharmaceutical Group Ltd.

     323,280        390,874  

Far East Horizon Ltd.(a)

     305,000        366,418  

Fosun International Ltd.

     292,487        409,323  

Guangdong Investment Ltd.

     360,000        586,228  

Lenovo Group Ltd.

     1,137,003        1,617,510  

Shenzhen Investment Ltd.

     892,000        309,784  

Shougang Fushan Resources Group Ltd.

     1,045,238        259,479  

Sinotruk Hong Kong Ltd.

     111,000        332,667  

Wilmar International Ltd.

     236,700        954,833  

Yanlord Land Group Ltd.

     261,000        240,875  

Yuexiu Property Co., Ltd.

     1,418,000        321,011  
     

 

 

 
Total China

 

     11,322,573  
Denmark – 1.4%

 

AP Moller – Maersk A/S, Class B(a)

     193        449,412  

Carlsberg A/S, Class B

     2,248        346,226  

Coloplast A/S, Class B

     5,580        841,063  

DSV Panalpina A/S

     1,492        293,427  

Novo Nordisk A/S, Class B

     53,314        3,620,713  

Novozymes A/S, Class B

     4,791        307,617  

Orsted A/S(b)

     4,613        746,848  

Rockwool International A/S, Class B

     503        212,553  

Royal Unibrew A/S

     1,923        201,601  

Scandinavian Tobacco Group A/S, Class A(b)

     23,705        455,898  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

 

 

Investments    Shares      Value  

SimCorp A/S

     1,618      $ 200,845  

Topdanmark A/S

     1,691        77,549  

Tryg A/S(a)

     17,107        404,429  

Vestas Wind Systems A/S

     2,464        506,977  
     

 

 

 
Total Denmark

 

     8,665,158  
Finland – 1.7%

 

Cargotec Oyj, Class B(a)

     5,285        286,348  

Elisa Oyj

     11,777        707,854  

Fortum Oyj

     59,644        1,595,466  

Kamux Corp.

     13,845        212,838  

Kesko Oyj, Class B

     19,466        596,668  

Kone Oyj, Class B

     17,222        1,409,988  

Konecranes Oyj

     7,268        324,599  

Metsa Board Oyj

     30,274        330,548  

Neles Oyj

     26,019        331,183  

Neste Oyj

     22,771        1,211,282  

Nokian Renkaat Oyj(a)

     5,630        204,331  

Orion Oyj, Class B(a)

     7,451        299,232  

Sampo Oyj, Class A

     25,813        1,167,103  

Sanoma Oyj

     12,123        204,034  

TietoEVRY Oyj

     7,203        223,663  

UPM-Kymmene Oyj

     28,210        1,015,544  

Valmet Oyj

     11,151        406,410  
     

 

 

 
Total Finland

 

     10,527,091  
France – 7.0%

 

Air Liquide S.A.

     14,371        2,352,809  

ALD S.A.(b)

     34,665        508,457  

Arkema S.A.

     2,739        332,699  

AXA S.A.

     126,727        3,408,542  

Bollore S.A.

     60,425        292,450  

Capgemini SE

     3,214        548,103  

Carrefour S.A.

     16,706        303,256  

Cie Generale des Etablissements Michelin SCA

     3,945        591,856  

Covivio

     9,358        802,887  

Danone S.A.

     29,775        2,047,181  

Dassault Systemes SE

     1,789        383,516  

Edenred

     6,126        320,683  

Gaztransport Et Technigaz S.A.

     2,294        183,337  

Gecina S.A.

     4,200        579,517  

Hermes International

     927        1,028,490  

Iliad S.A.

     1,781        339,309  

Imerys S.A.

     7,519        366,915  

Ipsen S.A.

     2,139        183,897  

Kering S.A.

     1,984        1,372,494  

L’Oreal S.A.

     11,358        4,362,470  

La Francaise des Jeux SAEM(b)

     4,174        190,194  

Legrand S.A.

     5,139        479,082  

LVMH Moet Hennessy Louis Vuitton SE

     6,008        4,011,467  

Nexity S.A.

     6,926        342,536  

Orange S.A.

     148,235        1,830,186  

Pernod Ricard S.A.

     6,011        1,130,709  

Publicis Groupe S.A.

     10,058        615,173  

Rubis SCA

     7,150        339,497  

Sanofi

     73,628      7,290,569  

Schneider Electric SE

     21,664        3,316,385  

Societe BIC S.A.(a)

     3,505        205,642  

Suez S.A.

     21,184        449,650  

Veolia Environnement S.A.

     18,180        467,081  

Vivendi SE

     27,457        903,565  

Wendel SE(a)

     2,793        347,629  
     

 

 

 
Total France

 

     42,228,233  
Germany – 10.8%

 

Allianz SE, Registered Shares

     25,718        6,560,630  

alstria office REIT-AG

     17,022        275,682  

BASF SE

     63,809        5,312,623  

Bayer AG, Registered Shares

     67,231        4,263,733  

Bayerische Motoren Werke AG

     25,853        2,688,162  

Brenntag SE

     7,172        613,649  

Continental AG

     7,076        937,260  

Covestro AG(b)

     7,937        534,888  

Daimler AG, Registered Shares

     22,926        2,048,083  

Deutsche Boerse AG

     4,727        787,234  

Deutsche Post AG, Registered Shares

     57,999        3,184,725  

Deutsche Telekom AG, Registered Shares

     221,902        4,477,958  

Deutsche Wohnen SE, Bearer Shares

     13,753        643,000  

E.ON SE

     201,829        2,354,067  

Evonik Industries AG

     26,243        930,236  

Fresenius Medical Care AG & Co. KGaA

     8,957        660,263  

Fresenius SE & Co. KGaA

     15,489        691,396  

Hannover Rueck SE

     5,382        985,507  

Hapag-Lloyd AG(b)

     4,034        627,729  

Henkel AG & Co. KGaA

     8,120        805,943  

Hornbach Holding AG & Co. KGaA

     2,440        238,595  

Infineon Technologies AG

     20,535        872,593  

Knorr-Bremse AG

     4,911        614,245  

LANXESS AG

     3,766        278,230  

LEG Immobilien SE

     3,904        514,632  

Merck KGaA

     2,270        388,984  

METRO AG

     33,346        353,116  

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares

     7,076        2,183,892  

RWE AG

     15,999        628,417  

SAP SE

     31,206        3,829,749  

Scout24 AG(b)

     3,021        229,723  

Siemens AG, Registered Shares

     32,298        5,314,375  

Siemens Healthineers AG(b)

     22,753        1,235,461  

Symrise AG

     2,567        311,957  

TAG Immobilien AG*

     9,461        270,649  

Talanx AG

     16,417        697,703  

Telefonica Deutschland Holding AG

     255,405        750,443  

Traton SE

     32,618        881,726  

Uniper SE

     17,174        623,300  

United Internet AG, Registered Shares

     6,311        253,672  

Volkswagen AG(a)

     9,762        3,547,536  

Vonovia SE

     23,072        1,510,390  
     

 

 

 
Total Germany

 

     64,912,156  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

 

 

Investments    Shares     Value  
Hong Kong – 3.7%

 

AIA Group Ltd.

     320,765     $ 3,890,711  

CLP Holdings Ltd.

     156,000       1,514,962  

Guotai Junan International Holdings Ltd.

     1,297,000       238,565  

Hang Lung Group Ltd.

     113,000       286,045  

Hang Lung Properties Ltd.

     224,000       582,009  

Hang Seng Bank Ltd.

     112,600       2,179,743  

Henderson Land Development Co., Ltd.

     302,859       1,359,553  

Hong Kong & China Gas Co., Ltd.

     427,781       676,795  

Hong Kong Exchanges & Clearing Ltd.

     35,829       2,107,954  

Hutchison Port Holdings Trust

     1,158,000       260,550  

Hysan Development Co., Ltd.

     90,000       351,922  

Link REIT

     102,400       932,531  

MTR Corp., Ltd.

     166,553       943,689  

New World Development Co., Ltd.

     146,193       755,932  

PCCW Ltd.

     897,826       505,821  

Power Assets Holdings Ltd.

     224,000       1,322,486  

Sino Land Co., Ltd.

     424,400       590,654  

Sun Hung Kai Properties Ltd.

     144,500       2,189,492  

Swire Properties Ltd.

     253,800       785,122  

Techtronic Industries Co., Ltd.

     43,000       735,615  

Wharf Holdings Ltd. (The)

     49,000       129,835  
    

 

 

 
Total Hong Kong

 

    22,339,986  
Ireland – 0.4%

 

CRH PLC

     22,414       1,052,936  

Glanbia PLC

     14,779       220,770  

Kerry Group PLC, Class A

     1,550       194,377  

Smurfit Kappa Group PLC

     14,519       685,297  
    

 

 

 
Total Ireland

 

    2,153,380  
Israel – 0.4%

 

Bank Hapoalim BM*

     75,210       585,946  

Bank Leumi Le-Israel BM

     70,810       467,154  

Elbit Systems Ltd.

     1,803       255,579  

Electra Consumer Products 1970 Ltd.

     8,118       351,528  

ICL Group Ltd.

     65,789       386,089  

Mega Or Holdings Ltd.

     6,325       186,903  

Mehadrin Ltd.*

     0 ‡      4  

Mizrahi Tefahot Bank Ltd.

     10,373       271,060  
    

 

 

 
Total Israel

 

    2,504,263  
Italy – 2.6%

 

A2A SpA

     277,159       505,556  

ACEA SpA

     14,485       317,331  

Anima Holding SpA(b)

     57,188       295,200  

Assicurazioni Generali SpA

     64,694       1,297,154  

Buzzi Unicem SpA

     8,033       209,311  

DiaSorin SpA

     909       146,150  

Enav SpA(b)

     58,351       284,470  

Enel SpA

     469,027       4,681,742  

ERG SpA

     10,463       311,610  

Ferrari N.V.

     2,366       495,948  

Iren SpA

     89,090       246,691  

Italgas SpA

     79,985       520,325  

La Doria SpA

     14,001      296,197  

Mediobanca Banca di Credito Finanziario SpA*

     82,463        916,463  

Poste Italiane SpA(b)

     97,839        1,246,493  

RAI Way SpA(b)

     35,828        202,543  

Recordati Industria Chimica e Farmaceutica SpA

     10,179        548,760  

Snam SpA

     201,263        1,118,381  

Terna Rete Elettrica Nazionale SpA

     87,584        662,711  

UnipolSai Assicurazioni SpA

     365,716        1,102,073  
     

 

 

 
Total Italy

 

     15,405,109  
Japan – 24.4%

 

ABC-Mart, Inc.

     6,600        372,706  

Advantest Corp.

     4,300        376,688  

Aeon Co., Ltd.

     15,000        447,828  

AEON Financial Service Co., Ltd.

     16,400        220,398  

AGC, Inc.

     11,500        481,855  

Aica Kogyo Co., Ltd.

     7,400        267,204  

Aida Engineering Ltd.

     29,300        263,567  

Air Water, Inc.

     12,900        226,480  

Aisin Seiki Co., Ltd.(a)

     9,100        345,882  

Alconix Corp.

     14,700        220,034  

Alfresa Holdings Corp.

     11,500        221,986  

Amada Co., Ltd.(a)

     32,600        364,058  

Asahi Group Holdings Ltd.

     16,500        696,584  

Asahi Kasei Corp.(a)

     47,300        545,555  

Astellas Pharma, Inc.

     47,600        733,169  

Bandai Namco Holdings, Inc.

     5,500        392,864  

Bank of Kyoto Ltd. (The)(a)

     5,600        345,122  

Bank of Nagoya Ltd. (The)(a)

     8,700        248,009  

Bridgestone Corp.

     24,600        996,244  

Brother Industries Ltd.

     11,400        252,657  

Calbee, Inc.(a)

     6,300        160,892  

Canon Marketing Japan, Inc.

     9,200        204,481  

Canon, Inc.

     85,700        1,940,853  

Central Glass Co., Ltd.

     11,300        240,930  

Central Japan Railway Co.

     2,800        419,367  

Chiba Bank Ltd. (The)

     52,600        345,113  

Chiyoda Co., Ltd.

     24,900        223,311  

Chubu Electric Power Co., Inc.

     34,100        439,751  

Chugai Pharmaceutical Co., Ltd.

     34,500        1,401,543  

Chugoku Electric Power Co., Inc. (The)(a)

     20,300        249,662  

COMSYS Holdings Corp.

     8,700        268,480  

Concordia Financial Group Ltd.(a)

     93,400        379,517  

Dai-ichi Life Holdings, Inc.

     51,933        893,906  

Daicel Corp.(a)

     29,000        223,602  

Daifuku Co., Ltd.(a)

     2,800        274,679  

Daiho Corp.

     6,200        217,421  

Daiichi Sankyo Co., Ltd.

     32,100        936,855  

Daiichikosho Co., Ltd.

     3,500        135,882  

Daiken Corp.

     11,200        223,392  

Daikin Industries Ltd.

     3,800        767,566  

Daito Trust Construction Co., Ltd.

     3,700        429,602  

Daiwa House Industry Co., Ltd.(a)

     25,100        736,191  

Daiwa Securities Group, Inc.(a)

     64,700        334,976  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Denso Corp.

     20,800      $ 1,382,965  

Dentsu Group, Inc.

     7,000        224,887  

East Japan Railway Co.

     9,600        681,035  

Eisai Co., Ltd.

     9,000        604,262  

Electric Power Development Co., Ltd.(a)

     13,100        229,280  

ENEOS Holdings, Inc.(a)

     191,500        869,289  

EPS Holdings, Inc.

     22,800        233,158  

ESPEC Corp.

     12,700        212,509  

Ezaki Glico Co., Ltd.

     4,500        181,018  

FANUC Corp.

     2,400        568,724  

Fast Retailing Co., Ltd.

     800        638,045  

Fuji Electric Co., Ltd.(a)

     7,600        317,068  

Fuji Oil Holdings, Inc.(a)

     8,800        235,171  

FUJIFILM Holdings Corp.

     9,700        576,821  

Fujitsu Ltd.

     5,800        839,819  

Fukuoka Financial Group, Inc.(a)

     14,800        281,133  

Futaba Industrial Co., Ltd.

     24,100        129,333  

G-Tekt Corp.

     13,700        186,345  

Gunze Ltd.

     6,200        233,131  

Hakuhodo DY Holdings, Inc.(a)

     16,200        270,489  

Haseko Corp.(a)

     28,300        396,712  

Heiwado Co., Ltd.

     11,200        227,446  

Hirose Electric Co., Ltd.

     2,100        323,457  

Hisamitsu Pharmaceutical Co., Inc.

     4,100        267,520  

Hitachi Capital Corp.

     10,900        336,055  

Hitachi Ltd.

     25,900        1,172,883  

Hokuto Corp.(a)

     15,400        290,858  

Honda Motor Co., Ltd.

     52,700        1,582,908  

Hoosiers Holdings(a)

     37,100        247,445  

House Foods Group, Inc.

     4,400        144,941  

Hoya Corp.

     3,800        447,231  

Hulic Co., Ltd.

     32,700        386,186  

Ichibanya Co., Ltd.

     4,900        213,738  

Idec Corp.

     12,000        192,760  

Idemitsu Kosan Co., Ltd.(a)

     20,051        517,878  

Inabata & Co., Ltd.

     19,700        295,589  

Inpex Corp.

     102,200        699,214  

Intage Holdings, Inc.(a)

     23,400        275,506  

Isuzu Motors Ltd.

     34,100        366,922  

ITOCHU Corp.(a)

     80,100        2,600,169  

Itochu Techno-Solutions Corp.

     11,600        374,244  

Itoham Yonekyu Holdings, Inc.

     39,500        260,593  

J-Oil Mills, Inc.

     7,000        126,380  

Japan Exchange Group, Inc.

     14,500        340,520  

Japan Post Insurance Co., Ltd.

     29,400        605,028  

Japan Tobacco, Inc.

     147,844        2,843,154  

JSP Corp.(a)

     14,700        247,439  

JSR Corp.

     9,300        281,104  

K’s Holdings Corp.

     15,000        206,471  

Kajima Corp.(a)

     30,300        430,781  

Kameda Seika Co., Ltd.(a)

     4,800        209,376  

Kaneka Corp.(a)

     7,500        308,824  

Kansai Electric Power Co., Inc. (The)(a)

     51,200        555,091  

Kao Corp.

     10,100        668,428  

KDDI Corp.

     145,100      4,458,050  

Kewpie Corp.

     9,800        223,493  

Keyence Corp.

     1,100        500,425  

Kirin Holdings Co., Ltd.

     29,700        569,944  

Kokuyo Co., Ltd.

     18,200        282,306  

Komatsu Ltd.

     21,100        652,859  

KOMEDA Holdings Co., Ltd.

     10,500        191,471  

Konoike Transport Co., Ltd.

     20,000        218,824  

Kubota Corp.

     29,100        663,506  

Kuraray Co., Ltd.

     28,100        321,179  

Kureha Corp.

     5,700        394,100  

Kyowa Kirin Co., Ltd.

     11,400        341,484  

Kyushu Electric Power Co., Inc.

     27,000        266,824  

Lixil Corp.(a)

     13,900        386,810  

Mabuchi Motor Co., Ltd.

     5,200        228,941  

Makita Corp.(a)

     5,100        219,000  

Marubeni Corp.(a)

     82,000        683,309  

Marudai Food Co., Ltd.

     12,700        197,224  

Marvelous, Inc.

     20,200        157,395  

Matsuda Sangyo Co., Ltd.

     14,500        267,167  

Mebuki Financial Group, Inc.

     113,000        266,905  

Medipal Holdings Corp.

     16,500        317,158  

MEIJI Holdings Co., Ltd.(a)

     5,300        341,502  

Meitec Corp.

     5,800        320,706  

Mie Kotsu Group Holdings, Inc.

     34,700        160,154  

Mitsubishi Chemical Holdings Corp.(a)

     62,900        472,405  

Mitsubishi Corp.(a)

     77,500        2,195,249  

Mitsubishi Electric Corp.

     52,500        801,278  

Mitsubishi Estate Co., Ltd.

     28,800        503,674  

Mitsubishi Gas Chemical Co., Inc.(a)

     11,500        282,452  

Mitsubishi Heavy Industries Ltd.

     14,200        443,220  

Mitsubishi UFJ Financial Group, Inc.

     756,800        4,052,476  

Mitsubishi UFJ Lease & Finance Co., Ltd.(a)

     76,900        464,880  

Mitsui Chemicals, Inc.(a)

     11,500        363,733  

Mitsui Fudosan Co., Ltd.

     28,100        639,180  

Mitsui Sugar Co., Ltd.

     11,800        209,517  

Mizuho Financial Group, Inc.(a)

     141,030        2,040,787  

Mizuno Corp.

     12,000        236,090  

Morningstar Japan K.K.

     49,100        212,396  

MS&AD Insurance Group Holdings, Inc.

     44,030        1,294,602  

Murata Manufacturing Co., Ltd.

     14,800        1,184,268  

Nagase & Co., Ltd.(a)

     13,800        215,929  

NEC Corp.

     8,800        519,240  

NGK Insulators Ltd.

     13,900        254,603  

NGK Spark Plug Co., Ltd.(a)

     14,000        242,118  

NH Foods Ltd.

     3,300        141,706  

Nichias Corp.(a)

     9,200        233,955  

Nichicon Corp.(a)

     26,500        268,837  

Nidec Corp.

     4,200        510,652  

Nintendo Co., Ltd.

     4,400        2,461,213  

Nippn Corp.

     13,500        202,439  

Nippo Corp.(a)

     7,900        215,909  

Nippon Electric Glass Co., Ltd.

     11,700        271,588  

Nippon Express Co., Ltd.

     5,400        402,679  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Nippon Kanzai Co., Ltd.(a)

     11,400      $ 224,905  

Nippon Paint Holdings Co., Ltd.(a)

     16,500        238,167  

Nippon Shokubai Co., Ltd.(a)

     5,400        309,828  

Nippon Signal Co., Ltd.(a)

     24,700        219,282  

Nippon Soda Co., Ltd.

     9,100        287,824  

Nippon Suisan Kaisha Ltd.

     30,900        148,767  

Nippon Telegraph & Telephone Corp.

     165,500        4,256,570  

Nisshin Seifun Group, Inc.

     10,200        170,769  

Nitori Holdings Co., Ltd.

     1,900        368,394  

Nitto Denko Corp.(a)

     7,100        607,837  

NOF Corp.

     4,300        225,312  

NOK Corp.

     2,300        31,243  

Nomura Holdings, Inc.

     147,700        777,129  

Nomura Real Estate Holdings, Inc.(a)

     12,000        289,412  

Nomura Research Institute Ltd.

     14,800        458,733  

NSK Ltd.

     24,200        248,570  

NTT Data Corp.(a)

     27,900        432,513  

Obayashi Corp.(a)

     31,900        293,018  

Obic Co., Ltd.(a)

     2,500        457,692  

Oiles Corp.(a)

     14,800        226,889  

Okabe Co., Ltd.

     28,200        199,059  

Olympus Corp.

     8,800        182,451  

Omron Corp.

     6,200        484,778  

Ono Pharmaceutical Co., Ltd.

     17,600        460,308  

Oracle Corp.

     4,300        420,271  

Osaka Gas Co., Ltd.

     18,300        357,223  

Osaka Soda Co., Ltd.

     9,700        231,483  

Otsuka Corp.

     9,000        421,900  

Otsuka Holdings Co., Ltd.

     20,800        882,259  

Pacific Industrial Co., Ltd.

     15,100        173,684  

PAL GROUP Holdings Co., Ltd.

     19,100        264,462  

Pan Pacific International Holdings Corp.

     10,800        255,193  

Panasonic Corp.

     70,700        910,782  

Pola Orbis Holdings, Inc.

     13,400        323,055  

Qol Holdings Co., Ltd.

     14,900        209,814  

Recruit Holdings Co., Ltd.

     11,500        562,095  

Resona Holdings, Inc.(a)

     159,900        672,593  

Ryosan Co., Ltd.(a)

     11,400        233,055  

Sakata INX Corp.

     15,400        148,286  

Sangetsu Corp.

     15,600        236,753  

Sankyo Co., Ltd.

     7,800        207,035  

Sanwa Holdings Corp.

     19,400        254,395  

Sapporo Holdings Ltd.

     13,500        280,140  

Sato Holdings Corp.

     11,500        300,041  

SBI Holdings, Inc.(a)

     11,700        317,647  

SCSK Corp.

     5,700        338,389  

Secom Co., Ltd.

     5,500        463,543  

Sega Sammy Holdings, Inc.

     15,300        239,123  

Seikagaku Corp.

     23,000        215,222  

Seiko Epson Corp.(a)

     26,900        438,190  

Seino Holdings Co., Ltd.

     19,400        270,722  

Sekisui House Ltd.

     23,700        509,175  

Seven & I Holdings Co., Ltd.

     26,600        1,074,351  

Seven Bank Ltd.(a)

     106,600        244,071  

SG Holdings Co., Ltd.

     12,200      280,103  

Shimano, Inc.

     1,300        310,294  

Shimizu Corp.(a)

     38,100        308,938  

Shin-Etsu Chemical Co., Ltd.

     6,600        1,111,547  

Shionogi & Co., Ltd.

     7,800        420,141  

Shiseido Co., Ltd.

     4,300        288,820  

Shizuoka Bank Ltd. (The)(a)

     36,100        284,226  

Shizuoka Gas Co., Ltd.

     23,700        213,407  

SHO-BOND Holdings Co., Ltd.

     5,600        241,738  

SMC Corp.

     600        349,195  

SoftBank Corp.(a)

     486,500        6,333,305  

SoftBank Group Corp.

     13,100        1,106,090  

Sohgo Security Services Co., Ltd.

     5,800        274,516  

Sompo Holdings, Inc.(a)

     13,900        533,609  

Sony Corp.

     8,400        881,430  

St. Marc Holdings Co., Ltd.(a)

     14,300        222,718  

Subaru Corp.(a)

     23,800        474,708  

Sumitomo Chemical Co., Ltd.(a)

     77,600        402,396  

Sumitomo Corp.(a)

     69,000        984,733  

Sumitomo Dainippon Pharma Co., Ltd.

     15,500        270,303  

Sumitomo Electric Industries Ltd.

     23,900        358,608  

Sumitomo Forestry Co., Ltd.

     9,900        213,768  

Sumitomo Metal Mining Co., Ltd.

     6,600        285,443  

Sumitomo Mitsui Financial Group, Inc.(a)

     82,900        3,006,157  

Sumitomo Mitsui Trust Holdings, Inc.(a)

     20,007        698,706  

Sumitomo Osaka Cement Co., Ltd.(a)

     5,600        178,643  

Sumitomo Realty & Development Co., Ltd.

     8,300        293,392  

Sumitomo Seika Chemicals Co., Ltd.

     7,000        255,928  

Sundrug Co., Ltd.

     4,800        175,928  

Suntory Beverage & Food Ltd.

     8,600        320,262  

Suzuken Co., Ltd.

     4,300        168,303  

Suzuki Motor Corp.

     10,600        482,036  

Sysmex Corp.

     3,300        356,131  

T&D Holdings, Inc.(a)

     34,600        446,512  

Taisei Corp.

     9,200        355,511  

Takashimaya Co., Ltd.

     23,800        254,369  

Takeda Pharmaceutical Co., Ltd.(a)

     79,400        2,863,430  

Tamron Co., Ltd.

     10,100        197,064  

Tamura Corp.

     43,500        201,163  

Tatsuta Electric Wire and Cable Co., Ltd.

     39,500        224,846  

TDK Corp.

     2,500        346,833  

Terumo Corp.

     7,300        264,187  

TIS, Inc.

     11,200        267,685  

Toho Gas Co., Ltd.(a)

     3,600        222,516  

Toho Titanium Co., Ltd.

     33,900        305,253  

Tohoku Electric Power Co., Inc.

     33,900        320,593  

Tokai Rika Co., Ltd.

     15,500        263,149  

Tokai Tokyo Financial Holdings, Inc.

     63,200        231,638  

Tokio Marine Holdings, Inc.(a)

     27,300        1,300,765  

Tokyo Electron Ltd.

     5,900        2,498,290  

Tokyo Gas Co., Ltd.

     8,900        198,337  

Tosoh Corp.(a)

     18,300        350,764  

Toyoda Gosei Co., Ltd.(a)

     6,900        181,586  

Toyota Boshoku Corp.(a)

     18,400        304,724  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Toyota Motor Corp.(a)

     61,310      $ 4,780,515  

Toyota Tsusho Corp.

     13,400        563,285  

Trend Micro, Inc.

     7,400        371,005  

TS Tech Co., Ltd.

     12,600        188,031  

Tv Tokyo Holdings Corp.

     8,000        172,742  

Unicharm Corp.

     7,400        311,068  

Wacoal Holdings Corp.

     11,500        255,498  

Wowow, Inc.

     6,600        167,957  

Yamada Holdings Co., Ltd.

     37,600        203,142  

Yamaha Motor Co., Ltd.

     24,000        588,814  

Yamato Holdings Co., Ltd.

     10,300        282,900  

Yokogawa Electric Corp.

     11,500        212,100  

Yokohama Reito Co., Ltd.

     26,300        217,302  

Yondoshi Holdings, Inc.(a)

     9,600        167,240  

Yuasa Trading Co., Ltd.

     8,500        240,000  

Z Holdings Corp.(a)

     96,510        480,891  

Zenrin Co., Ltd.

     12,200        146,290  
     

 

 

 
Total Japan

 

     146,859,925  
Netherlands – 1.9%

 

Aalberts N.V.

     5,955        302,353  

Akzo Nobel N.V.

     7,443        833,486  

ASM International N.V.

     3,021        880,544  

ASML Holding N.V.

     5,255        3,193,095  

ASR Nederland N.V.

     13,105        588,522  

Euronext N.V.(b)

     2,917        294,495  

Koninklijke Ahold Delhaize N.V.

     65,373        1,824,780  

Koninklijke DSM N.V.

     4,816        816,773  

Koninklijke KPN N.V.

     224,399        763,252  

Koninklijke Vopak N.V.

     1,472        73,440  

NN Group N.V.

     24,715        1,210,991  

Van Lanschot Kempen N.V.

     7,478        209,615  

Wolters Kluwer N.V.

     7,736        673,908  
     

 

 

 
Total Netherlands

 

     11,665,254  
Norway – 1.6%

 

AF Gruppen ASA(a)

     15,901        328,215  

Aker ASA, Class A

     3,954        303,161  

Entra ASA(b)

     14,358        319,409  

Equinor ASA

     228,879        4,485,694  

Gjensidige Forsikring ASA

     31,867        748,859  

Leroy Seafood Group ASA

     30,013        257,013  

Orkla ASA

     49,568        486,833  

SpareBank 1 SMN

     33,739        424,487  

Telenor ASA

     78,780        1,388,930  

TGS NOPEC Geophysical Co. ASA

     23,497        375,039  

Yara International ASA

     12,450        648,727  
     

 

 

 
Total Norway

 

     9,766,367  
Portugal – 0.2%

 

EDP – Energias de Portugal S.A.

     163,443        935,500  

Jeronimo Martins, SGPS, S.A.

     15,683        264,502  
     

 

 

 
Total Portugal

 

     1,200,002  
Singapore – 2.1%

 

CapitaLand Ltd.

     214,000      598,869  

DBS Group Holdings Ltd.

     127,678        2,735,821  

Genting Singapore Ltd.

     991,200        678,702  

Jardine Cycle & Carriage Ltd.

     34,755        582,268  

Keppel Corp., Ltd.

     75,300        298,151  

Keppel Infrastructure Trust

     809,100        331,203  

NetLink NBN Trust

     255,600        179,772  

Olam International Ltd.

     325,600        416,814  

Oversea-Chinese Banking Corp., Ltd.

     206,712        1,807,730  

Raffles Medical Group Ltd.

     322,200        268,580  

Sheng Siong Group Ltd.

     236,600        271,185  

Singapore Exchange Ltd.(a)

     65,200        483,808  

Singapore Technologies Engineering Ltd.

     157,600        456,285  

Singapore Telecommunications Ltd.

     932,600        1,693,617  

United Overseas Bank Ltd.

     94,701        1,820,577  
     

 

 

 
Total Singapore

 

     12,623,382  
Spain – 2.7%

 

Acciona S.A.

     1,704        286,187  

ACS Actividades de Construccion y Servicios S.A.

     33,444        1,110,808  

Cia de Distribucion Integral Logista Holdings S.A.

     14,380        285,624  

Cie Automotive S.A.(a)

     10,180        267,049  

Ebro Foods S.A.

     9,385        193,911  

EDP Renovaveis S.A.

     9,715        208,037  

Enagas S.A.

     22,476        489,225  

Endesa S.A.

     67,128        1,779,882  

Ferrovial S.A.

     27,210        710,913  

Fomento de Construcciones y Contratas S.A.

     28,740        339,808  

Grupo Catalana Occidente S.A.

     8,054        321,839  

Iberdrola S.A.

     366,516        4,731,965  

Industria de Diseno Textil S.A.

     62,185        2,053,716  

Inmobiliaria Colonial Socimi S.A.

     23,746        230,386  

Miquel y Costas & Miquel S.A.

     11,183        202,408  

Naturgy Energy Group S.A.

     81,953        2,013,074  

Prosegur Cia de Seguridad S.A.

     70,676        225,107  

Red Electrica Corp. S.A.

     38,186        677,688  

Zardoya Otis S.A.

     52,714        337,653  
     

 

 

 
Total Spain

 

     16,465,280  
Sweden – 2.1%

 

Assa Abloy AB, Class B

     16,334        470,364  

Atlas Copco AB, Class A

     20,633        1,258,390  

Atlas Copco AB, Class B

     11,464        597,775  

Axfood AB(a)

     15,447        370,035  

BillerudKorsnas AB

     17,210        320,554  

Boliden AB

     9,874        367,034  

Bravida Holding AB(b)

     16,561        228,570  

Castellum AB(a)

     17,982        397,340  

Epiroc AB, Class A

     33,318        756,089  

EQT AB

     13,796        455,050  

Essity AB, Class B(a)

     24,504        775,633  

Evolution Gaming Group AB(b)

     2,869        423,291  

Fabege AB(a)

     13,999        189,115  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

 

 

Investments    Shares      Value  

ICA Gruppen AB

     7,457      $ 365,309  

Intrum AB

     8,741        280,793  

Investment AB Latour, Class B

     8,975        232,914  

Kinnevik AB, Class B(a)

     7,771        378,551  

Lundin Energy AB

     19,442        612,058  

SKF AB, Class B

     9,369        266,786  

Swedish Match AB

     7,281        569,529  

Tele2 AB, Class B

     55,556        750,834  

Telefonaktiebolaget LM Ericsson, Class B

     74,731        990,692  

Telia Co. AB

     254,182        1,103,187  

Wihlborgs Fastigheter AB

     13,379        254,340  
     

 

 

 
Total Sweden

 

     12,414,233  
Switzerland – 11.4%

 

ABB Ltd., Registered Shares

     73,425        2,228,144  

Adecco Group AG, Registered Shares

     10,621        718,186  

Allreal Holding AG, Registered Shares

     858        173,578  

Baloise Holding AG, Registered Shares

     3,030        517,690  

Banque Cantonale Vaudoise, Registered Shares

     5,520        540,768  

BKW AG

     2,460        268,701  

Bucher Industries AG, Registered Shares

     857        438,539  

Cembra Money Bank AG

     1,702        188,257  

Cie Financiere Richemont S.A., Registered Shares

     8,778        846,322  

Coca-Cola HBC AG

     13,788        439,439  

Credit Suisse Group AG, Registered Shares

     40,308        424,087  

DKSH Holding AG

     2,443        188,322  

EMS-Chemie Holding AG, Registered Shares

     976        875,253  

Galenica AG(b)

     3,789        237,530  

Geberit AG, Registered Shares

     1,023        653,920  

Givaudan S.A., Registered Shares

     208        804,905  

Huber + Suhner AG, Registered Shares

     2,251        175,077  

Julius Baer Group Ltd.

     5,108        328,032  

Kardex Holding AG, Registered Shares

     1,419        290,690  

Kuehne + Nagel International AG, Registered Shares

     4,031        1,155,141  

LafargeHolcim Ltd., Registered Shares*

     31,417        1,854,009  

Logitech International S.A., Registered Shares

     4,410        464,546  

Lonza Group AG, Registered Shares

     867        486,769  

Nestle S.A., Registered Shares

     111,997        12,535,477  

Novartis AG, Registered Shares

     151,501        13,001,897  

Partners Group Holding AG

     1,182        1,515,884  

PSP Swiss Property AG, Registered Shares

     1,731        211,880  

Roche Holding AG, Bearer Shares(a)

     6,530        2,241,077  

Roche Holding AG, Genusschein

     31,665        10,276,868  

Schindler Holding AG, Participation Certificate

     1,761        519,422  

Schindler Holding AG, Registered Shares

     892        256,658  

SFS Group AG

     1,880        234,513  

SGS S.A., Registered Shares

     395        1,125,214  

SIG Combibloc Group AG*

     14,798        343,712  

Sika AG, Registered Shares

     2,425        695,691  

Stadler Rail AG(a)

     4,135        197,886  

Sulzer AG, Registered Shares

     3,146        355,331  

Swatch Group AG (The), Bearer Shares

     1,730        499,800  

Swiss Life Holding AG, Registered Shares

     1,995        984,835  

Swiss Prime Site AG, Registered Shares

     5,296      490,407  

Swisscom AG, Registered Shares(a)

     3,508        1,889,769  

UBS Group AG, Registered Shares

     124,498        1,935,959  

VAT Group AG(b)

     1,492        419,786  

Vifor Pharma AG

     2,170        296,627  

Vontobel Holding AG, Registered Shares

     3,539        270,741  

VZ Holding AG

     1,563        129,703  

Zurich Insurance Group AG

     9,143        3,918,914  
     

 

 

 
Total Switzerland

 

     68,645,956  
United Kingdom – 12.4%

 

Admiral Group PLC

     24,520        1,049,076  

Airtel Africa PLC(b)

     312,068        341,434  

Anglo American PLC

     45,277        1,775,673  

Ashtead Group PLC

     9,321        556,460  

Assura PLC

     188,641        187,653  

AstraZeneca PLC

     53,730        5,372,296  

Avast PLC(b)

     37,142        233,676  

Aviva PLC

     99,751        561,791  

BAE Systems PLC

     184,654        1,286,574  

Berkeley Group Holdings PLC

     8,271        506,557  

Big Yellow Group PLC

     14,307        220,094  

British American Tobacco PLC

     206,849        7,916,709  

Bunzl PLC

     14,528        465,629  

Coca-Cola European Partners PLC

     9,614        499,430  

ConvaTec Group PLC(b)

     120,197        325,204  

Croda International PLC

     4,041        353,924  

Daily Mail & General Trust PLC, Class A Non-Voting Shares

     18,272        228,906  

DCC PLC

     3,659        317,540  

Diageo PLC

     69,812        2,879,476  

Direct Line Insurance Group PLC

     122,640        530,124  

easyJet PLC*

     39,574        534,100  

Ferrexpo PLC

     89,839        464,320  

GlaxoSmithKline PLC

     477,371        8,483,141  

Great Portland Estates PLC

     22,941        215,168  

Hargreaves Lansdown PLC

     21,443        456,052  

Hikma Pharmaceuticals PLC

     8,106        254,545  

HomeServe PLC

     13,738        227,641  

IMI PLC

     23,074        424,682  

Intertek Group PLC

     4,215        325,781  

Johnson Matthey PLC

     7,416        308,286  

Jupiter Fund Management PLC

     68,019        261,455  

Linde PLC

     9,220        2,588,783  

London Stock Exchange Group PLC

     3,659        350,354  

Londonmetric Property PLC

     65,963        194,396  

Mondi PLC

     18,248        465,770  

Moneysupermarket.com Group PLC

     56,468        207,705  

National Grid PLC

     197,267        2,351,543  

Pearson PLC

     33,729        359,071  

Pennon Group PLC

     22,808        306,815  

Phoenix Group Holdings PLC

     58,361        591,183  

Quilter PLC(b)

     195,996        432,260  

Reckitt Benckiser Group PLC

     18,831        1,688,254  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

 

 

Investments    Shares      Value  

RELX PLC

     59,395      $ 1,490,622  

Rio Tinto PLC

     87,133        6,672,068  

Sage Group PLC (The)

     55,302        467,568  

Schroders PLC

     15,553        751,047  

Segro PLC(b)

     32,499        420,409  

Severn Trent PLC

     9,570        304,478  

Smith & Nephew PLC

     23,483        446,465  

Smiths Group PLC

     15,262        323,751  

Spectris PLC

     7,005        321,548  

SSE PLC

     65,485        1,314,588  

Standard Life Aberdeen PLC

     253,434        1,013,673  

Tate & Lyle PLC

     43,443        459,847  

Tesco PLC

     321,050        1,013,698  

TP ICAP Group PLC

     100,517        337,625  

Unilever PLC

     127,617        7,141,530  

United Utilities Group PLC

     38,963        497,685  

Vodafone Group PLC

     2,270,141        4,130,633  

WM Morrison Supermarkets PLC

     122,465        308,276  

Workspace Group PLC

     21,331        235,443  
     

 

 

 
Total United Kingdom

 

     74,750,485  
TOTAL COMMON STOCKS
(Cost: $491,914,171)

 

     596,838,656  
RIGHTS – 0.0%

 

Italy – 0.0%

 

Snam SpA, expiring 4/7/21*

     
(Cost: $0)      201,263        0  
EXCHANGE-TRADED FUND – 0.1%

 

United States – 0.1%

 

WisdomTree International Dividend ex-Financials Fund(c)

   
(Cost: $683,512)     15,935     676,441  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.8%

 

United States – 6.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(d)

   
(Cost: $41,141,257)     41,141,257       41,141,257  
TOTAL INVESTMENTS IN SECURITIES – 106.0%
(Cost: $533,738,940)

 

    638,656,354  

Other Assets less Liabilities – (6.0)%

 

    (36,031,596
   

 

 

 
NET ASSETS – 100.0%

 

  $ 602,624,758  
*

Non-income producing security.

 

Share amount represents a fractional share.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $62,259,958 and the total market value of the collateral held by the Fund was $65,711,208. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $24,569,951.

 

(b) 

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

 

(c) 

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

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree International Dividend ex-Financials Fund

  $ 510,748     $ 8,539,381     $ 8,231,299     $ (81,320   $ (61,069   $ 676,441     $ 77,479  

 

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

Amount and
Description of
Currency to
be Purchased

   

Amount and
Description of
Currency to
be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    4/1/2021       49,711       USD       46,828       CHF     $     $ (46

Bank of America N.A.

    4/1/2021       72,572       USD       8,008,405       JPY       98        

Bank of Montreal

    4/1/2021       75,959       USD       100,008       AUD             (212

HSBC Holdings PLC

    4/1/2021       15,111       USD       20,366       SGD             (47

State Street Bank and Trust

    4/1/2021       36,128       USD       315,535       SEK             (72
                                            $ 98     $ (377

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International Equity Fund (DWM)

March 31, 2021

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

           

Japan

   $ 146,523,870      $ 336,055      $      $ 146,859,925  

Other

     449,978,731                      449,978,731  

Rights

            0               0  

Exchange-Traded Fund

     676,441                      676,441  

Investment of Cash Collateral for Securities Loaned

            41,141,257               41,141,257  

Total Investments in Securities

   $ 597,179,042      $ 41,477,312      $      $ 638,656,354  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 98      $      $ 98  

Liabilities:

        

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (377    $      $ (377
Total – Net    $ 597,179,042      $ 41,477,033      $      $ 638,656,075  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Schedule of Investments

WisdomTree International High Dividend Fund (DTH)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%      
Australia – 13.6%      

AGL Energy Ltd.

     26,518      $ 194,905  

Alumina Ltd.

     101,887        135,028  

Ampol Ltd.

     4,620        86,387  

APA Group(a)

     30,541        233,081  

Aurizon Holdings Ltd.

     75,598        224,559  

AusNet Services(a)

     156,423        218,621  

Australia & New Zealand Banking Group Ltd.

     86,114        1,848,290  

BHP Group Ltd.

     76,424        2,636,838  

BHP Group PLC

     69,911        2,020,276  

Coca-Cola Amatil Ltd.

     12,974        132,710  

Commonwealth Bank of Australia

     41,821        2,742,540  

Computershare Ltd.

     13,877        158,964  

Dexus

     40,315        299,383  

Dicker Data Ltd.(a)

     6,504        50,380  

Fortescue Metals Group Ltd.

     269,752        4,107,078  

Growthpoint Properties Australia Ltd.

     44,290        117,055  

Harvey Norman Holdings Ltd.(a)

     48,500        211,666  

JB Hi-Fi Ltd.(a)

     4,007        158,029  

Macquarie Group Ltd.

     6,114        711,688  

Magellan Financial Group Ltd.

     4,257        146,457  

McPherson’s Ltd.(a)

     11,209        12,251  

Medibank Pvt Ltd.

     73,281        156,281  

Metcash Ltd.(a)

     27,412        76,832  

Mineral Resources Ltd.

     7,376        213,594  

Mirvac Group

     103,120        196,353  

National Australia Bank Ltd.

     94,948        1,880,246  

Nine Entertainment Co. Holdings Ltd.

     40,663        85,790  

Origin Energy Ltd.

     58,513        209,017  

Pendal Group Ltd.

     13,174        65,221  

Platinum Asset Management Ltd.(a)

     42,200        160,708  

QBE Insurance Group Ltd.

     29,553        216,537  

Rio Tinto Ltd.

     18,632        1,571,660  

Select Harvests Ltd.(a)

     4,562        21,717  

Spark Infrastructure Group

     72,529        119,875  

Stockland

     85,189        285,490  

Suncorp Group Ltd.

     30,468        229,739  

Telstra Corp., Ltd.

     381,044        986,755  

Wesfarmers Ltd.

     30,040        1,205,088  

Woodside Petroleum Ltd.

     32,558        595,147  

Worley Ltd.

     14,558        116,314  
     

 

 

 
Total Australia

 

     24,838,550  
Austria – 0.8%      

CA Immobilien Anlagen AG

     2,919        123,848  

Oesterreichische Post AG(a)

     3,861        169,261  

OMV AG

     15,819        804,293  

Telekom Austria AG

     21,842        172,508  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     5,966        154,962  
     

 

 

 
Total Austria

 

     1,424,872  
Belgium – 0.7%      

Cofinimmo S.A.

     1,358      198,230  

Euronav N.V.

     16,691        153,110  

Proximus SADP

     18,753        409,070  

Solvay S.A.(a)

     3,138        391,675  

Telenet Group Holding N.V.

     4,060        165,006  
     

 

 

 
Total Belgium

 

     1,317,091  
China – 2.7%      

Beijing Enterprises Holdings Ltd.

     33,500        118,282  

BOC Hong Kong Holdings Ltd.

     380,047        1,327,203  

China Everbright Environment Group Ltd.

     262,000        177,263  

China Jinmao Holdings Group Ltd.

     380,000        152,500  

China Overseas Grand Oceans Group Ltd.

     144,000        94,093  

China Overseas Land & Investment Ltd.

     314,000        815,852  

China Power International Development Ltd.

     395,000        91,961  

China Resources Power Holdings Co., Ltd.

     176,000        233,627  

CITIC Telecom International Holdings Ltd.

     363,000        128,401  

Far East Horizon Ltd.(a)

     96,000        115,332  

Guangdong Investment Ltd.

     186,000        302,884  

Lenovo Group Ltd.

     570,000        810,887  

Shenzhen Investment Ltd.

     546,000        189,621  

Shougang Fushan Resources Group Ltd.

     468,838        116,389  

Yanlord Land Group Ltd.

     151,700        140,003  

Yuexiu Property Co., Ltd.

     806,000        182,464  
     

 

 

 
Total China

 

     4,996,762  
Denmark – 0.1%      

Scandinavian Tobacco Group A/S, Class A(b)

     6,548        125,932  
Finland – 1.9%      

Elisa Oyj

     6,066        364,596  

Fortum Oyj

     32,436        867,657  

Konecranes Oyj

     2,548        113,797  

Metsa Board Oyj

     11,261        122,954  

Neles Oyj

     12,950        164,834  

Nokian Renkaat Oyj(a)

     2,193        79,591  

Orion Oyj, Class B(a)

     3,681        147,829  

Sampo Oyj, Class A

     13,313        601,931  

Sanoma Oyj

     7,289        122,676  

UPM-Kymmene Oyj

     15,811        569,187  

Valmet Oyj(a)

     5,618        204,754  

Verkkokauppa.com Oyj

     4,251        44,066  
     

 

 

 
Total Finland

 

     3,403,872  
France – 5.5%      

ALD S.A.(b)

     15,053        220,793  

AXA S.A.

     68,492        1,842,211  

Covivio

     4,599        394,580  

Danone S.A.

     16,009        1,100,699  

Gaztransport Et Technigaz S.A.

     966        77,203  

Gecina S.A.

     2,305        318,044  

Imerys S.A.

     3,063        149,470  

Nexity S.A.

     3,457        170,971  

Orange S.A.

     77,740        959,818  

Publicis Groupe S.A.

     5,296        323,917  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2021

 

 

 

Investments    Shares     Value  

Rubis SCA

     3,308     $ 157,071  

Sanofi

     40,264       3,986,900  

Societe BIC S.A.

     1,958       114,878  

Verallia S.A.(b)

     2,525       91,255  

Wendel SE(a)

     1,027       127,825  
    

 

 

 
Total France

 

    10,035,635  
Germany – 11.7%     

Allianz SE, Registered Shares

     13,997       3,570,617  

BASF SE

     34,151       2,843,351  

Bayer AG, Registered Shares

     36,379       2,307,125  

Bayerische Motoren Werke AG

     13,964       1,451,959  

Continental AG

     3,508       464,656  

Deutsche Telekom AG, Registered Shares

     120,793       2,437,590  

DIC Asset AG

     4,779       83,016  

E.ON SE

     107,098       1,249,156  

Evonik Industries AG

     14,780       523,907  

Hannover Rueck SE

     3,177       581,746  

METRO AG

     17,762       188,090  

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares

     3,708       1,144,413  

Siemens AG, Registered Shares

     17,562       2,889,685  

Siltronic AG

     811       131,061  

Talanx AG

     7,840       333,191  

Telefonica Deutschland Holding AG

     122,789       360,785  

Traton SE

     18,598       502,739  

Uniper SE

     9,493       344,532  
    

 

 

 
Total Germany

 

    21,407,619  
Hong Kong – 4.0%     

Allied Group Ltd.(a)

     102,000       41,984  

Bank of East Asia Ltd. (The)

     70,200       149,530  

CLP Holdings Ltd.

     84,500       820,605  

Hang Lung Group Ltd.

     43,000       108,849  

Hang Lung Properties Ltd.

     96,000       249,432  

Hang Seng Bank Ltd.

     56,718       1,097,963  

Henderson Land Development Co., Ltd.

     176,220       791,063  

Hutchison Port Holdings Trust

     371,323       83,548  

Hysan Development Co., Ltd.

     39,000       152,499  

Kowloon Development Co., Ltd.

     111,000       121,930  

Link REIT

     52,900       481,747  

New World Development Co., Ltd.

     75,872       392,318  

PCCW Ltd.

     306,968       172,941  

Power Assets Holdings Ltd.

     117,518       693,821  

Sino Land Co., Ltd.

     214,000       297,832  

Sun Hung Kai Properties Ltd.

     78,000       1,181,871  

Swire Properties Ltd.

     139,200       430,610  
    

 

 

 
Total Hong Kong

 

    7,268,543  
Israel – 0.3%     

Atreyu Capital Markets Ltd.

     1,623       24,116  

Bank Hapoalim BM*

     29,277       228,091  

Delek Group Ltd.*

     0 ‡      9  

Electra Consumer Products 1970 Ltd.

     2,741       118,692  

ICL Group Ltd.

     25,378       148,933  

Oil Refineries Ltd.*

     180,161       41,924  

OPC Energy Ltd.*

     4,497      45,918  

YD More Investments Ltd.

     8,352        32,559  
     

 

 

 
Total Israel

 

     640,242  
Italy – 3.9%      

A2A SpA

     123,605        225,463  

ACEA SpA

     5,782        126,670  

Assicurazioni Generali SpA

     35,818        718,173  

Azimut Holding SpA

     6,790        155,097  

Enav SpA(b)

     27,907        136,051  

Enel SpA

     253,563        2,531,020  

ERG SpA

     4,273        127,259  

Iren SpA

     53,224        147,377  

Italgas SpA

     36,869        239,843  

Mediobanca Banca di Credito Finanziario SpA*

     38,590        428,875  

Poste Italiane SpA(b)

     45,534        580,114  

Snam SpA

     104,284        579,487  

Telecom Italia SpA, RSP

     317,895        183,224  

Terna Rete Elettrica Nazionale SpA

     52,216        395,096  

UnipolSai Assicurazioni SpA

     186,127        560,888  
     

 

 

 
Total Italy

 

     7,134,637  
Japan – 19.8%      

AEON Financial Service Co., Ltd.

     7,400        99,448  

AGC, Inc.

     5,000        209,502  

Amada Co., Ltd.(a)

     12,000        134,009  

Arakawa Chemical Industries Ltd.

     5,900        70,480  

Asahi Holdings, Inc.(a)

     3,400        65,169  

Asahi Kasei Corp.(a)

     28,300        326,410  

Avex, Inc.(a)

     5,900        72,989  

Bank of Saga Ltd. (The)

     5,600        74,802  

Baroque Japan Ltd.

     8,700        61,963  

BeNEXT Group, Inc.(a)

     2,900        46,216  

Bridgestone Corp.

     15,600        631,765  

Canon, Inc.

     46,700        1,057,618  

Chiyoda Co., Ltd.

     8,000        71,747  

Chubu Electric Power Co., Inc.(a)

     17,300        223,100  

Chugoku Electric Power Co., Inc. (The)(a)

     11,400        140,204  

Concordia Financial Group Ltd.(a)

     46,300        188,133  

Dai-ichi Life Holdings, Inc.

     25,700        442,366  

Daido Metal Co., Ltd.

     11,600        61,727  

Daiken Corp.

     2,800        55,848  

Daito Trust Construction Co., Ltd.

     2,300        267,050  

Daiwa House Industry Co., Ltd.(a)

     13,400        393,026  

Daiwa Securities Group, Inc.(a)

     40,300        208,648  

Electric Power Development Co., Ltd.(a)

     5,100        89,262  

ENEOS Holdings, Inc.(a)

     103,600        470,278  

FAN Communications, Inc.

     15,200        56,673  

Feed One Co., Ltd.

     6,300        52,167  

FJ Next Co., Ltd.(a)

     7,700        78,185  

Forum Engineering, Inc.

     3,900        37,447  

Fudo Tetra Corp.

     4,400        76,691  

Fukuoka Financial Group, Inc.(a)

     7,500        142,466  

Hakuto Co., Ltd.

     6,300        72,977  

Happinet Corp.(a)

     5,000        69,457  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2021

 

 

 

Investments    Shares      Value  

Haseko Corp.(a)

     15,400      $ 215,879  

Hinokiya Group Co., Ltd.

     2,100        47,739  

Honeys Holdings Co., Ltd.

     2,500        24,480  

Hulic Co., Ltd.

     16,000        188,959  

Idemitsu Kosan Co., Ltd.(a)

     10,900        281,526  

Inpex Corp.

     45,500        311,294  

ITOCHU Corp.(a)

     43,800        1,421,815  

Japan Post Insurance Co., Ltd.

     14,100        290,166  

Japan Tobacco, Inc.

     81,000        1,557,692  

JTEKT Corp.

     15,500        158,507  

Kajima Corp.(a)

     14,500        206,149  

Kansai Electric Power Co., Inc. (The)(a)

     25,700        278,630  

KDDI Corp.(a)

     78,800        2,421,050  

Kuraray Co., Ltd.

     14,400        164,590  

KYORIN Holdings, Inc.

     4,600        80,261  

Kyosan Electric Manufacturing Co., Ltd.(a)

     13,000        48,471  

Lixil Corp.(a)

     6,400        178,100  

Maeda Road Construction Co., Ltd.

     4,900        95,029  

Marubeni Corp.(a)

     45,100        375,820  

Matsui Securities Co., Ltd.(a)

     14,200        115,785  

Mebuki Financial Group, Inc.

     46,800        110,541  

Mitsubishi Chemical Holdings Corp.(a)

     33,700        253,101  

Mitsubishi Corp.(a)

     46,876        1,327,800  

Mitsubishi Gas Chemical Co., Inc.(a)

     5,900        144,910  

Mitsubishi UFJ Financial Group, Inc.

     435,800        2,333,601  

Mitsubishi UFJ Lease & Finance Co., Ltd.(a)

     34,600        209,166  

Mitsui Chemicals, Inc.(a)

     4,300        136,005  

Mizuho Financial Group, Inc.(a)

     78,260        1,132,468  

Moriroku Holdings Co., Ltd.

     3,700        75,607  

MS&AD Insurance Group Holdings, Inc.(a)

     24,900        732,128  

Nikko Co., Ltd.

     10,600        70,123  

Nippon Air Conditioning Services Co., Ltd.

     9,400        63,546  

Nippon Telegraph & Telephone Corp.

     90,000        2,314,751  

Nomura Holdings, Inc.

     80,700        424,606  

Nomura Real Estate Holdings, Inc.(a)

     6,300        151,941  

Onward Holdings Co., Ltd.

     22,700        64,094  

Pola Orbis Holdings, Inc.

     5,600        135,008  

PS Mitsubishi Construction Co., Ltd.

     11,900        72,477  

Resona Holdings, Inc.(a)

     84,600        355,856  

Riken Corp.(a)

     2,300        52,036  

SBI Holdings, Inc.(a)

     6,000        162,896  

Seiko Epson Corp.(a)

     8,200        133,575  

Sekisui House Ltd.

     18,600        399,605  

Seven Bank Ltd.(a)

     68,100        155,921  

Shimizu Corp.(a)

     26,600        215,689  

Shinagawa Refractories Co., Ltd.(a)

     3,200        83,519  

SoftBank Corp.(a)

     266,200        3,465,418  

Sojitz Corp.(a)

     64,500        182,118  

Sompo Holdings, Inc.(a)

     7,900        303,274  

Sumitomo Chemical Co., Ltd.(a)

     35,600        184,604  

Sumitomo Corp.(a)

     42,100        600,830  

Sumitomo Mitsui Financial Group, Inc.(a)

     49,300        1,787,738  

Sumitomo Mitsui Trust Holdings, Inc.(a)

     12,600        440,031  

T&D Holdings, Inc.(a)

     16,100        207,770  

Taisei Corp.(a)

     5,900      227,991  

Takeda Pharmaceutical Co., Ltd.(a)

     44,300        1,597,606  

Technoflex Corp.

     1,500        14,050  

Teikoku Electric Manufacturing Co., Ltd.(a)

     6,700        80,157  

Tohoku Electric Power Co., Inc.(a)

     16,600        156,986  

Tokio Marine Holdings, Inc.(a)

     15,400        733,765  

Tokyo Individualized Educational Institute, Inc.(a)

     7,500        41,946  

Tosoh Corp.(a)

     9,600        184,007  

Toyo Ink SC Holdings Co., Ltd.

     4,300        79,034  

Toyo Kanetsu K.K.

     1,500        36,855  

Xebio Holdings Co., Ltd.(a)

     9,800        83,012  

YAMADA Consulting Group Co., Ltd.

     5,000        54,208  
     

 

 

 
Total Japan

 

     36,282,135  
Netherlands – 1.4%      

ASR Nederland N.V.

     6,657        298,954  

ForFarmers N.V.

     10,184        70,379  

Koninklijke Ahold Delhaize N.V.

     34,166        953,688  

Koninklijke KPN N.V.

     115,090        391,458  

NN Group N.V.

     12,893        631,734  

SBM Offshore N.V.(a)

     6,132        112,572  

Van Lanschot Kempen N.V.

     3,238        90,764  
     

 

 

 
Total Netherlands

 

     2,549,549  
Norway – 2.4%      

AF Gruppen ASA(a)

     8,829        182,240  

Equinor ASA

     121,906        2,389,180  

Gjensidige Forsikring ASA

     18,724        440,005  

SpareBank 1 SMN

     14,017        176,355  

Telenor ASA

     45,096        795,064  

TGS NOPEC Geophysical Co. ASA

     7,620        121,624  

Yara International ASA

     7,177        373,969  
     

 

 

 
Total Norway

 

     4,478,437  
Portugal – 0.4%      

Altri, SGPS, S.A.

     18,204        139,603  

EDP – Energias de Portugal S.A.

     74,932        428,889  

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

     39,021        109,150  
     

 

 

 
Total Portugal

 

     677,642  
Singapore – 3.6%      

CapitaLand Ltd.

     140,900        394,302  

DBS Group Holdings Ltd.

     74,595        1,598,385  

Genting Singapore Ltd.

     383,100        262,319  

Jardine Cycle & Carriage Ltd.

     11,500        192,665  

Keppel Corp., Ltd.

     33,300        131,852  

Keppel Infrastructure Trust

     294,821        120,684  

NetLink NBN Trust

     116,100        81,657  

Olam International Ltd.

     113,200        144,912  

Oversea-Chinese Banking Corp., Ltd.

     126,112        1,102,870  

Singapore Exchange Ltd.

     30,200        224,095  

Singapore Technologies Engineering Ltd.

     73,400        212,508  

Singapore Telecommunications Ltd.

     474,800        862,245  

StarHub Ltd.

     105,100        100,125  

United Overseas Bank Ltd.

     50,700        974,681  

Venture Corp., Ltd.

     7,500        111,975  
     

 

 

 
Total Singapore

 

     6,515,275  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2021

 

 

 

Investments    Shares      Value  
Spain – 3.6%      

ACS Actividades de Construccion y Servicios S.A.

     16,914      $ 561,781  

Cia de Distribucion Integral Logista Holdings S.A.

     9,423        187,165  

Cie Automotive S.A.(a)

     4,062        106,557  

ContourGlobal PLC(b)

     39,004        109,780  

Enagas S.A.

     11,858        258,108  

Endesa S.A.

     36,068        956,334  

Fomento de Construcciones y Contratas S.A.

     14,666        173,404  

Iberdrola S.A.

     197,864        2,554,556  

Naturgy Energy Group S.A.(a)

     43,611        1,071,250  

Prosegur Cash S.A.(a)(b)

     96,850        88,444  

Red Electrica Corp. S.A.

     18,811        333,839  

Zardoya Otis S.A.

     30,385        194,627  
     

 

 

 
Total Spain

 

     6,595,845  
Sweden – 0.9%      

Axfood AB(a)

     7,428        177,939  

Intrum AB(a)

     4,033        129,555  

Lundin Energy AB

     9,620        302,850  

Tele2 AB, Class B

     30,555        412,948  

Telia Co. AB

     135,985        590,194  
     

 

 

 
Total Sweden

 

     1,613,486  
Switzerland – 8.8%      

ABB Ltd., Registered Shares

     39,163        1,188,435  

Adecco Group AG, Registered Shares

     5,321        359,803  

Allreal Holding AG, Registered Shares

     727        147,076  

Baloise Holding AG, Registered Shares

     1,381        235,950  

Banque Cantonale Vaudoise, Registered Shares

     3,014        295,267  

Cembra Money Bank AG

     689        76,210  

LafargeHolcim Ltd., Registered Shares*

     16,107        950,521  

Mobilezone Holding AG, Registered Shares

     4,427        57,951  

Novartis AG, Registered Shares

     82,953        7,119,071  

OC Oerlikon Corp. AG, Registered Shares

     14,170        164,563  

Sulzer AG, Registered Shares

     1,521        171,792  

Swiss Life Holding AG, Registered Shares

     1,113        549,434  

Swiss Prime Site AG, Registered Shares

     3,549        328,636  

Swisscom AG, Registered Shares(a)

     1,885        1,015,455  

UBS Group AG, Registered Shares

     67,780        1,053,987  

Vontobel Holding AG, Registered Shares

     1,461        111,770  

Zurich Insurance Group AG

     5,156        2,209,988  
     

 

 

 
Total Switzerland

 

     16,035,909  
United Kingdom – 12.6%      

Admiral Group PLC

     12,634        540,539  

Airtel Africa PLC(b)

     148,770        162,770  

Ashmore Group PLC

     30,221        163,198  

BAE Systems PLC

     106,385        741,236  

Berkeley Group Holdings PLC

     3,808        233,221  

British American Tobacco PLC

     111,336        4,261,150  

CMC Markets PLC(b)

     14,061        93,702  

Direct Line Insurance Group PLC

     63,686        275,289  

Diversified Gas & Oil PLC

     38,617        59,141  

Drax Group PLC

     17,023        98,644  

easyJet PLC*

     20,214        272,813  

Ferrexpo PLC

     43,026      222,374  

GlaxoSmithKline PLC

     260,777        4,634,149  

Hargreaves Lansdown PLC

     10,200        216,934  

National Grid PLC

     104,550        1,246,300  

PayPoint PLC

     8,225        66,953  

Pearson PLC

     18,424        196,138  

Pennon Group PLC

     10,805        145,350  

Phoenix Group Holdings PLC

     30,311        307,043  

Rio Tinto PLC

     47,000        3,598,949  

Schroders PLC

     6,853        330,928  

Severn Trent PLC

     5,645        179,601  

SSE PLC

     35,079        704,198  

Standard Life Aberdeen PLC

     129,155        516,588  

Tate & Lyle PLC

     24,888        263,441  

Tesco PLC

     180,891        571,153  

TORM PLC

     5,346        48,831  

TP ICAP Group PLC

     47,901        160,894  

United Utilities Group PLC

     19,701        251,646  

Vodafone Group PLC

     1,227,455        2,233,414  

WM Morrison Supermarkets PLC

     61,700        155,315  

Workspace Group PLC

     9,783        107,981  
     

 

 

 
Total United Kingdom

 

     23,059,883  

TOTAL COMMON STOCKS

(Cost: $165,718,888)

 

 

     180,401,916  
RIGHTS – 0.0%

 

Australia – 0.0%

 

Computershare Ltd., expiring 4/19/21*

     1,577        1,826  
Italy – 0.0%      

Snam SpA, expiring 4/7/21*

     104,284        0  
     

TOTAL RIGHTS

(Cost: $0)

 

 

     1,826  
EXCHANGE-TRADED FUND – 0.3%      
United States – 0.3%

 

WisdomTree International LargeCap Dividend Fund(c)

     
(Cost: $544,516)      11,585        548,318  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.0%

 

United States – 11.0%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(d)

     
(Cost: $20,043,588)      20,043,588        20,043,588  

TOTAL INVESTMENTS IN SECURITIES – 110.0%

(Cost: $186,306,992)

 

 

     200,995,648  

Other Assets less Liabilities – (10.0)%

        (18,310,616
     

 

 

 
NET ASSETS – 100.0%             $ 182,685,032  

 

*

Non-income producing security.

 

Share amount represents a fractional share.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $26,428,911 and the total market value of the collateral held by the Fund was $27,830,863. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,787,275.

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Schedule of Investments (concluded)

WisdomTree International High Dividend Fund (DTH)

March 31, 2021

 

(b) 

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

 

(c) 

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

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree International LargeCap Dividend Fund

  $ 94,319     $ 3,347,940     $ 2,878,562     $ (6,112   $ (9,267   $ 548,318     $ 27,295  

 

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

Bank of America N.A.

    4/1/2021       25,718       USD       24,227       CHF     $     $ (24

Bank of America N.A.

    4/1/2021       16,734       USD       1,846,651       JPY       22        

Bank of Montreal

    4/1/2021       36,650       USD       48,253       AUD             (102

Bank of Montreal

    4/1/2021       5,202       USD       3,787       GBP             (23

HSBC Holdings PLC

    4/1/2021       5,870       USD       7,912       SGD             (18

State Street Bank and Trust

    4/1/2021       5,669       USD       49,508       SEK             (11
                                            $ 22     $ (178

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

     

Quoted

Prices in
Active
Markets
(Level 1)

     Other
Significant
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Total  

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 180,401,916      $      $      $ 180,401,916  

Rights

           

Australia

     1,826                      1,826  

Italy

            0               0  

Exchange-Traded Fund

     548,318                      548,318  

Investment of Cash Collateral for Securities Loaned

            20,043,588               20,043,588  

Total Investments in Securities

   $ 180,952,060      $ 20,043,588      $      $ 200,995,648  

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ 22      $      $ 22  

Liabilities:

           

Financial Derivative Instruments

  

Foreign Currency Contracts1

   $      $ (178)      $      $ (178)  

Total – Net

   $ 180,952,060      $ 20,043,432      $      $ 200,995,492  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Schedule of Investments

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 9.8%      

ASX Ltd.

     6,658      $ 360,299  

Australia & New Zealand Banking Group Ltd.

     127,419        2,734,832  

BHP Group Ltd.

     114,174        3,939,316  

BHP Group PLC

     104,080        3,007,686  

Brambles Ltd.

     32,046        258,235  

Coles Group Ltd.

     52,094        635,235  

Commonwealth Bank of Australia

     61,681        4,044,921  

CSL Ltd.

     3,597        725,050  

Fortescue Metals Group Ltd.

     398,627        6,069,249  

Goodman Group

     37,145        512,642  

Macquarie Group Ltd.

     8,907        1,036,801  

National Australia Bank Ltd.

     138,701        2,746,682  

Newcrest Mining Ltd.

     8,816        163,973  

Rio Tinto Ltd.

     27,642        2,331,678  

Sonic Healthcare Ltd.

     8,830        235,993  

Telstra Corp., Ltd.

     559,503        1,448,895  

Transurban Group(a)

     72,442        734,937  

Wesfarmers Ltd.

     44,778        1,796,319  

Woodside Petroleum Ltd.

     49,063        896,852  

Woolworths Group Ltd.

     24,720        769,500  
     

 

 

 
Total Australia

 

     34,449,095  
Belgium – 0.1%      

UCB S.A.

     2,144        204,409  
China – 1.2%      

BOC Hong Kong Holdings Ltd.

     557,134        1,945,628  

China Overseas Land & Investment Ltd.

     462,500        1,201,693  

CSPC Pharmaceutical Group Ltd.

     234,000        282,927  

Wilmar International Ltd.

     162,300        654,708  
     

 

 

 
Total China

 

     4,084,956  
Denmark – 1.6%      

AP Moller – Maersk A/S, Class B(a)

     129        300,384  

Carlsberg A/S, Class B

     2,372        365,324  

Coloplast A/S, Class B

     4,462        672,549  

Novo Nordisk A/S, Class B

     44,876        3,047,663  

Novozymes A/S, Class B

     3,795        243,666  

Orsted A/S(b)

     3,798        614,899  

Vestas Wind Systems A/S

     1,363        280,443  
     

 

 

 
Total Denmark

 

     5,524,928  
Finland – 1.4%      

Fortum Oyj

     48,024        1,284,633  

Kone Oyj, Class B

     13,513        1,106,328  

Neste Oyj

     17,584        935,364  

Sampo Oyj, Class A

     19,606        886,461  

UPM-Kymmene Oyj

     23,147        833,279  
     

 

 

 
Total Finland

 

     5,046,065  
France – 8.2%      

Air Liquide S.A.

     12,097        1,980,511  

AXA S.A.

     101,685        2,734,994  

Capgemini SE

     2,045        348,746  

Carrefour S.A.

     11,053        200,640  

Cie Generale des Etablissements Michelin SCA

     3,110      466,584  

Danone S.A.

     23,966        1,647,783  

Dassault Systemes SE

     1,105        236,884  

Hermes International

     716        794,390  

Kering S.A.

     1,552        1,073,645  

L’Oreal S.A.

     9,190        3,529,767  

Legrand S.A.

     4,647        433,215  

LVMH Moet Hennessy Louis Vuitton SE

     4,826        3,222,260  

Orange S.A.

     115,965        1,431,764  

Pernod Ricard S.A.

     4,800        902,912  

Sanofi

     59,521        5,893,709  

Schneider Electric SE

     17,190        2,631,492  

Suez S.A.

     14,356        304,719  

Teleperformance

     435        158,898  

Veolia Environnement S.A.

     13,843        355,655  

Vivendi SE

     22,718        747,613  
     

 

 

 
Total France

 

     29,096,181  
Germany – 13.0%      

Allianz SE, Registered Shares

     20,847        5,318,044  

BASF SE

     51,226        4,264,985  

Bayer AG, Registered Shares

     53,384        3,385,568  

Bayerische Motoren Werke AG

     20,377        2,118,775  

Beiersdorf AG

     1,436        152,064  

Continental AG

     5,408        716,323  

Daimler AG, Registered Shares

     17,695        1,580,774  

Deutsche Boerse AG

     3,282        546,584  

Deutsche Post AG, Registered Shares

     44,277        2,431,250  

Deutsche Telekom AG, Registered Shares

     176,503        3,561,811  

Deutsche Wohnen SE, Bearer Shares

     9,099        425,409  

E.ON SE

     158,909        1,853,462  

Evonik Industries AG

     20,949        742,580  

Fresenius Medical Care AG & Co. KGaA

     6,425        473,617  

Fresenius SE & Co. KGaA

     11,358        506,997  

Hannover Rueck SE

     4,130        756,251  

Henkel AG & Co. KGaA

     4,643        460,837  

Infineon Technologies AG

     11,895        505,454  

Knorr-Bremse AG

     3,460        432,761  

Merck KGaA

     1,158        198,433  

Muenchener Rueckversicherungs – Gesellschaft AG in Muenchen, Registered Shares

     5,614        1,732,669  

RWE AG

     12,746        500,644  

SAP SE

     25,073        3,077,078  

Siemens AG, Registered Shares

     26,260        4,320,871  

Siemens Healthineers AG(b)

     17,477        948,981  

Symrise AG

     1,414        171,838  

Uniper SE

     12,913        468,655  

Volkswagen AG

     8,415        3,058,033  

Vonovia SE

     18,986        1,242,903  
     

 

 

 
Total Germany

 

     45,953,651  
Hong Kong – 4.1%      

AIA Group Ltd.

     242,404        2,940,233  

CLP Holdings Ltd.

     126,000        1,223,623  

Hang Lung Properties Ltd.

     145,000        376,747  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2021

 

 

 

Investments    Shares      Value  

Hang Seng Bank Ltd.

     83,218      $ 1,610,958  

Henderson Land Development Co., Ltd.

     243,219        1,091,825  

Hong Kong & China Gas Co., Ltd.

     423,215        669,571  

Hong Kong Exchanges & Clearing Ltd.

     27,024        1,589,923  

Link REIT

     75,800        690,292  

MTR Corp., Ltd.

     155,938        883,544  

New World Development Co., Ltd.

     108,750        562,323  

Sun Hung Kai Properties Ltd.

     117,442        1,779,504  

Swire Properties Ltd.

     200,080        618,941  

Techtronic Industries Co., Ltd.

     24,000        410,576  
     

 

 

 
Total Hong Kong

 

     14,448,060  
Ireland – 0.3%      

CRH PLC

     17,970        844,171  

Kerry Group PLC, Class A

     1,152        144,466  
     

 

 

 
Total Ireland

 

     988,637  
Italy – 2.1%      

Assicurazioni Generali SpA

     54,166        1,086,061  

Enel SpA

     380,176        3,794,848  

Ferrari N.V.

     1,832        384,014  

Poste Italiane SpA(b)

     69,347        883,498  

Snam SpA

     155,386        863,451  

Terna Rete Elettrica Nazionale SpA

     67,995        514,490  
     

 

 

 
Total Italy

 

     7,526,362  
Japan – 20.8%      

Aeon Co., Ltd.

     9,145        273,026  

Ajinomoto Co., Inc.

     7,000        143,516  

Asahi Group Holdings Ltd.

     11,935        503,862  

Asahi Kasei Corp.(a)

     37,800        435,983  

Astellas Pharma, Inc.

     40,500        623,810  

Bandai Namco Holdings, Inc.

     3,200        228,576  

Bridgestone Corp.

     21,855        885,078  

Canon, Inc.

     68,536        1,552,139  

Central Japan Railway Co.

     1,900        284,570  

Chugai Pharmaceutical Co., Ltd.

     26,700        1,084,672  

Dai-ichi Life Holdings, Inc.

     36,400        626,541  

Daiichi Sankyo Co., Ltd.

     24,200        706,290  

Daikin Industries Ltd.

     2,900        585,774  

Daiwa House Industry Co., Ltd.(a)

     18,400        539,678  

Denso Corp.

     18,100        1,203,445  

East Japan Railway Co.(a)

     7,200        510,776  

Eisai Co., Ltd.

     6,900        463,268  

ENEOS Holdings, Inc.(a)

     154,100        699,516  

FANUC Corp.

     1,775        420,619  

Fast Retailing Co., Ltd.

     600        478,534  

FUJIFILM Holdings Corp.

     7,400        440,049  

Fujitsu Ltd.

     3,900        564,706  

Hitachi Ltd.(a)

     20,900        946,458  

Honda Motor Co., Ltd.

     44,400        1,333,607  

Hoya Corp.

     2,200        258,923  

ITOCHU Corp.(a)

     64,400        2,090,523  

Japan Exchange Group, Inc.

     8,200        192,570  

Japan Tobacco, Inc.

     121,209        2,330,942  

Kao Corp.

     10,100      668,428  

KDDI Corp.(a)

     117,880        3,621,743  

Keyence Corp.

     800        363,946  

Kirin Holdings Co., Ltd.

     24,900        477,832  

Komatsu Ltd.

     19,367        599,238  

Kubota Corp.

     19,800        451,458  

Kyowa Kirin Co., Ltd.

     7,300        218,670  

MEIJI Holdings Co., Ltd.(a)

     3,900        251,294  

Mitsubishi Corp.(a)

     68,005        1,926,296  

Mitsubishi Electric Corp.

     45,581        695,677  

Mitsubishi Estate Co., Ltd.

     21,500        376,007  

Mitsubishi UFJ Financial Group, Inc.(a)

     639,700        3,425,434  

Mitsui Fudosan Co., Ltd.

     19,500        443,559  

Mizuho Financial Group, Inc.(a)

     115,714        1,674,450  

MS&AD Insurance Group Holdings, Inc.

     36,700        1,079,080  

Murata Manufacturing Co., Ltd.

     11,410        913,007  

NEC Corp.

     4,700        277,321  

Nidec Corp.

     2,600        316,118  

Nintendo Co., Ltd.

     3,400        1,901,846  

Nippon Telegraph & Telephone Corp.

     135,204        3,477,373  

Nitori Holdings Co., Ltd.

     800        155,113  

Nomura Holdings, Inc.

     112,400        591,397  

Nomura Research Institute Ltd.

     9,200        285,158  

NTT Data Corp.(a)

     16,100        249,586  

Obic Co., Ltd.(a)

     1,100        201,385  

Omron Corp.

     3,000        234,570  

Ono Pharmaceutical Co., Ltd.

     9,500        248,462  

Oracle Corp.

     2,200        215,023  

Otsuka Holdings Co., Ltd.

     16,200        687,144  

Panasonic Corp.

     55,784        718,629  

Recruit Holdings Co., Ltd.

     8,200        400,798  

Secom Co., Ltd.

     3,700        311,838  

Sekisui House Ltd.

     25,600        549,995  

Seven & I Holdings Co., Ltd.

     21,000        848,172  

SG Holdings Co., Ltd.

     6,600        151,531  

Shimano, Inc.

     700        167,081  

Shin-Etsu Chemical Co., Ltd.

     5,100        858,923  

Shionogi & Co., Ltd.

     5,500        296,253  

Shiseido Co., Ltd.

     2,360        158,515  

SMC Corp.

     450        261,896  

SoftBank Corp.(a)

     396,000        5,155,167  

SoftBank Group Corp.

     10,480        884,872  

Sompo Holdings, Inc.(a)

     11,900        456,831  

Sony Corp.

     6,200        650,579  

Subaru Corp.(a)

     17,100        341,072  

Sumitomo Corp.(a)

     57,510        820,754  

Sumitomo Mitsui Financial Group, Inc.(a)

     72,494        2,628,810  

Sumitomo Realty & Development Co., Ltd.

     5,700        201,486  

Suntory Beverage & Food Ltd.

     5,200        193,647  

Suzuki Motor Corp.

     7,317        332,741  

Sysmex Corp.

     1,900        205,045  

Takeda Pharmaceutical Co., Ltd.(a)

     65,100        2,347,724  

TDK Corp.

     1,600        221,973  

Terumo Corp.

     5,097        184,461  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2021

 

 

 

Investments    Shares      Value  

Tokio Marine Holdings, Inc.(a)

     22,800      $ 1,086,353  

Tokyo Electron Ltd.

     4,350        1,841,959  

Toyota Motor Corp.(a)

     51,773        4,036,888  

Unicharm Corp.

     3,300        138,719  

Z Holdings Corp.(a)

     66,700        332,353  
     

 

 

 
Total Japan

 

     73,219,131  
Netherlands – 1.9%      

Akzo Nobel N.V.

     5,546        621,055  

ASML Holding N.V.

     3,986        2,422,012  

Koninklijke Ahold Delhaize N.V.

     51,937        1,449,736  

Koninklijke DSM N.V.

     3,975        674,143  

NN Group N.V.

     18,872        924,695  

Wolters Kluwer N.V.

     5,849        509,525  
     

 

 

 
Total Netherlands

 

     6,601,166  
Norway – 1.3%      

Equinor ASA

     180,373        3,535,048  

Telenor ASA

     65,642        1,157,300  
     

 

 

 
Total Norway

 

     4,692,348  
Portugal – 0.2%      

EDP – Energias de Portugal S.A.

     115,277        659,812  
Singapore – 1.9%      

DBS Group Holdings Ltd.

     111,040        2,379,310  

Oversea-Chinese Banking Corp., Ltd.

     178,087        1,557,400  

Singapore Telecommunications Ltd.

     760,700        1,381,444  

United Overseas Bank Ltd.

     77,386        1,487,705  
     

 

 

 
Total Singapore

 

     6,805,859  
Spain – 2.6%      

Endesa S.A.

     54,283        1,439,300  

Ferrovial S.A.(a)

     22,415        585,635  

Grifols S.A.(a)

     5,779        151,667  

Iberdrola S.A.

     296,398        3,826,695  

Industria de Diseno Textil S.A.

     50,060        1,653,277  

Naturgy Energy Group S.A.

     66,487        1,633,171  
     

 

 

 
Total Spain

 

     9,289,745  
Sweden – 1.4%      

Assa Abloy AB, Class B

     13,078        376,602  

Atlas Copco AB, Class A

     17,258        1,052,551  

Atlas Copco AB, Class B

     8,599        448,384  

Epiroc AB, Class A

     17,901        406,229  

EQT AB

     7,173        236,596  

Essity AB, Class B(a)

     17,011        538,455  

Swedish Match AB

     3,674        287,385  

Telefonaktiebolaget LM Ericsson, Class B

     53,981        715,614  

Telia Co. AB

     196,473        852,721  
     

 

 

 
Total Sweden

 

     4,914,537  
Switzerland – 14.0%      

ABB Ltd., Registered Shares

     60,998        1,851,036  

Cie Financiere Richemont S.A., Registered Shares

     6,933        668,438  

Credit Suisse Group AG, Registered Shares

     31,930        335,941  

EMS-Chemie Holding AG, Registered Shares

     732        656,440  

Geberit AG, Registered Shares

     932      595,751  

Givaudan S.A., Registered Shares

     185        715,901  

Kuehne + Nagel International AG, Registered Shares

     3,244        929,615  

LafargeHolcim Ltd., Registered Shares*

     25,260        1,490,666  

Logitech International S.A., Registered Shares

     2,456        258,713  

Lonza Group AG, Registered Shares

     481        270,053  

Nestle S.A., Registered Shares

     91,340        10,223,403  

Novartis AG, Registered Shares

     123,273        10,579,355  

Partners Group Holding AG

     979        1,255,542  

Roche Holding AG, Bearer Shares(a)

     5,722        1,963,774  

Roche Holding AG, Genusschein

     25,288        8,207,214  

Schindler Holding AG, Registered Shares

     1,374        395,345  

SGS S.A., Registered Shares

     305        868,836  

Sika AG, Registered Shares

     1,833        525,857  

STMicroelectronics N.V.

     5,094        194,696  

Swiss Life Holding AG, Registered Shares

     1,689        833,777  

Swisscom AG, Registered Shares(a)

     2,884        1,553,618  

UBS Group AG, Registered Shares

     100,344        1,560,362  

Zurich Insurance Group AG

     7,826        3,354,416  
     

 

 

 
Total Switzerland

 

     49,288,749  
United Kingdom – 13.3%      

Anglo American PLC

     35,897        1,407,808  

Ashtead Group PLC

     5,316        317,363  

AstraZeneca PLC

     42,599        4,259,342  

Aviva PLC

     70,654        397,919  

BAE Systems PLC

     151,248        1,053,819  

British American Tobacco PLC

     165,025        6,315,984  

Coca-Cola European Partners PLC

     7,262        377,248  

Diageo PLC

     56,172        2,316,878  

GlaxoSmithKline PLC

     383,435        6,813,848  

Intertek Group PLC

     2,365        182,793  

Linde PLC

     7,448        2,091,242  

London Stock Exchange Group PLC

     2,630        251,826  

National Grid PLC

     157,386        1,876,137  

Reckitt Benckiser Group PLC

     14,892        1,335,112  

RELX PLC

     46,872        1,176,335  

Rio Tinto PLC

     69,888        5,351,560  

Segro PLC(b)

     20,859        269,833  

Smith & Nephew PLC

     14,502        275,716  

SSE PLC

     52,556        1,055,043  

Tesco PLC

     265,218        837,411  

Unilever PLC

     101,730        5,692,877  

Vodafone Group PLC

     1,802,134        3,279,071  
     

 

 

 
Total United Kingdom

 

     46,935,165  

TOTAL COMMON STOCKS

(Cost: $291,122,866)

 

 

     349,728,856  
RIGHTS – 0.0%

 

Italy – 0.0%

 

Snam SpA, expiring 4/7/21*

     
(Cost: $0)      155,386        0  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Schedule of Investments (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2021

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.3%

 

United States – 6.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $22,304,365)      22,304,365      $ 22,304,365  

TOTAL INVESTMENTS IN SECURITIES – 105.5%

(Cost: $313,427,231)

 

 

     372,033,221  

Other Assets less Liabilities – (5.5)%

        (19,316,255
     

 

 

 
NET ASSETS – 100.0%             $ 352,716,966  
*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $36,031,077 and the total market value of the collateral held by the Fund was $37,879,536. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $15,575,171.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree International MidCap Dividend Fund^

  $ 727,876     $ 3,700,769     $ 4,545,112     $ (92,002   $ 208,469     $     $ 25,226  
^

As of March 31, 2021, the Fund did not hold a position in this affiliate.

 

FAIR VALUATION SUMMARY                    

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 349,728,856      $      $      $ 349,728,856  

Rights

            0               0  

Investment of Cash Collateral for Securities Loaned

            22,304,365               22,304,365  

Total Investments in Securities

   $ 349,728,856      $ 22,304,365      $      $ 372,033,221  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Schedule of Investments

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 8.6%      

AGL Energy Ltd.

     69,096      $ 507,850  

ALS Ltd.

     14,847        109,464  

Alumina Ltd.

     257,049        340,660  

Ampol Ltd.

     10,915        204,094  

Ansell Ltd.

     5,812        173,704  

APA Group(a)

     77,074        588,208  

Atlas Arteria Ltd.(a)

     26,958        122,169  

Aurizon Holdings Ltd.

     188,294        559,315  

AusNet Services

     378,749        529,350  

BlueScope Steel Ltd.

     7,586        111,802  

carsales.com Ltd.

     10,066        136,545  

Charter Hall Group

     20,666        202,734  

Cleanaway Waste Management Ltd.

     59,962        100,474  

Coca-Cola Amatil Ltd.

     29,303        299,739  

Computershare Ltd.

     30,065        344,401  

Dexus

     85,038        631,500  

Domino’s Pizza Enterprises Ltd.

     2,740        200,866  

Evolution Mining Ltd.

     67,280        209,075  

Harvey Norman Holdings Ltd.(a)

     105,562        460,699  

JB Hi-Fi Ltd.

     9,325        367,762  

Magellan Financial Group Ltd.

     9,880        339,909  

Medibank Pvt Ltd.

     169,009        360,432  

Mineral Resources Ltd.

     16,251        470,595  

Mirvac Group

     236,906        451,099  

Northern Star Resources Ltd.

     11,750        84,840  

Orica Ltd.

     17,038        181,029  

Origin Energy Ltd.

     149,457        533,881  

OZ Minerals Ltd.

     9,192        159,905  

QBE Insurance Group Ltd.

     72,217        529,139  

Qube Holdings Ltd.

     49,710        113,206  

REA Group Ltd.(a)

     1,939        209,327  

Reece Ltd.(a)

     7,532        98,328  

Santos Ltd.

     61,139        330,622  

Seven Group Holdings Ltd.(a)

     10,946        188,000  

Spark Infrastructure Group

     168,949        279,236  

Stockland

     208,287        698,024  

Suncorp Group Ltd.

     75,594        570,004  

Washington H Soul Pattinson & Co., Ltd.(a)

     12,209        293,662  

Worley Ltd.

     37,045        295,979  
     

 

 

 
Total Australia

 

     12,387,628  
Austria – 2.5%      

Andritz AG(a)

     2,429        109,453  

CA Immobilien Anlagen AG

     5,953        252,576  

EVN AG

     8,253        178,087  

OMV AG

     40,497        2,059,007  

Telekom Austria AG

     21,409        169,089  

Verbund AG(a)

     3,532        257,372  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     11,717        304,339  

Voestalpine AG

     2,188        90,853  

Wienerberger AG

     5,143        188,590  
     

 

 

 
Total Austria

 

     3,609,366  
Belgium – 3.1%      

Aedifica S.A.

     1,918      220,463  

Ageas S.A./N.V.

     2,146        130,044  

Cofinimmo S.A.

     2,527        368,872  

D’ieteren S.A./N.V.

     1,824        179,003  

Elia Group S.A./N.V.(a)

     2,021        223,039  

Etablissements Franz Colruyt N.V.

     4,984        297,922  

Melexis N.V.

     1,235        130,997  

Proximus SADP

     46,263        1,009,161  

Solvay S.A.(a)

     7,964        994,041  

Telenet Group Holding N.V.

     9,409        382,399  

Umicore S.A.

     2,721        144,645  

Warehouses De Pauw CVA

     10,140        335,836  
     

 

 

 
Total Belgium

 

     4,416,422  
China – 4.5%      

Beijing Enterprises Holdings Ltd.

     81,700        288,466  

China Everbright Environment Group Ltd.

     583,407        394,719  

China Jinmao Holdings Group Ltd.

     947,242        380,142  

China Resources Power Holdings Co., Ltd.

     458,000        607,961  

Far East Horizon Ltd.(a)

     256,000        307,551  

Fosun International Ltd.

     329,000        460,421  

Guangdong Investment Ltd.

     474,208        772,205  

Lenovo Group Ltd.

     1,434,000        2,040,021  

Shenzhen Investment Ltd.

     922,000        320,203  

Sinotruk Hong Kong Ltd.

     121,500        364,135  

Sun Art Retail Group Ltd.(a)

     277,500        227,013  

Yuexiu Property Co., Ltd.

     1,506,000        340,932  
     

 

 

 
Total China

 

     6,503,769  
Denmark – 1.0%      

GN Store Nord A/S

     1,343        105,989  

H. Lundbeck A/S

     6,567        224,886  

Rockwool International A/S, Class B

     226        95,501  

Royal Unibrew A/S

     2,079        217,955  

Schouw & Co. A/S

     1,357        142,392  

SimCorp A/S

     1,093        135,676  

Topdanmark A/S

     4,178        191,603  

Tryg A/S(a)

     15,833        374,311  
     

 

 

 
Total Denmark

 

     1,488,313  
Finland – 2.6%      

Elisa Oyj

     14,912        896,283  

Huhtamaki Oyj

     4,826        218,712  

Kesko Oyj, Class A

     5,909        165,635  

Kesko Oyj, Class B

     19,351        593,143  

Kojamo Oyj

     10,035        196,726  

Konecranes Oyj

     5,332        238,135  

Metsa Board Oyj

     24,397        266,379  

Nokian Renkaat Oyj(a)

     5,470        198,524  

Orion Oyj, Class B(a)

     8,959        359,793  

TietoEVRY Oyj

     5,008        155,506  

Valmet Oyj

     12,753        464,796  
     

 

 

 
Total Finland

 

     3,753,632  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2021

 

 

 

Investments    Shares      Value  
France – 4.7%      

ALD S.A.(b)

     25,793      $ 378,325  

Arkema S.A.

     2,792        339,136  

Bollore S.A.

     83,078        402,088  

Cie Plastic Omnium S.A.

     5,440        199,737  

Covivio

     11,934        1,023,900  

Edenred

     6,111        319,898  

Gaztransport Et Technigaz S.A.

     2,151        171,909  

Gecina S.A.

     5,456        752,820  

Iliad S.A.

     1,942        369,982  

Imerys S.A.

     7,523        367,111  

Ipsen S.A.

     1,660        142,715  

La Francaise des Jeux SAEM(b)

     3,973        181,035  

Publicis Groupe S.A.

     13,322        814,808  

Remy Cointreau S.A.

     557        103,106  

Rubis SCA

     8,937        424,347  

SEB S.A.

     815        144,064  

Trigano S.A.

     783        146,689  

Verallia S.A.(b)

     6,387        230,829  

Wendel SE

     2,293        285,396  
     

 

 

 
Total France

 

     6,797,895  
Germany – 5.4%      

alstria office REIT-AG

     12,381        200,518  

Aurubis AG

     2,093        173,767  

Bechtle AG

     882        165,755  

Brenntag SE

     7,438        636,409  

Covestro AG(b)

     7,768        523,499  

Dermapharm Holding SE

     2,636        189,014  

Encavis AG

     5,628        107,024  

Freenet AG

     518        12,426  

Fuchs Petrolub SE

     2,699        108,804  

GEA Group AG

     4,041        165,991  

Gerresheimer AG

     791        78,742  

Hapag-Lloyd AG(b)

     5,036        783,650  

LANXESS AG

     2,655        196,150  

LEG Immobilien SE

     4,567        602,029  

METRO AG

     40,941        433,543  

Nemetschek SE

     1,517        96,991  

Rational AG

     234        182,201  

Rheinmetall AG

     2,308        234,368  

Scout24 AG(b)

     2,180        165,771  

Siltronic AG

     1,543        249,354  

Software AG

     2,996        126,552  

Suedzucker AG

     5,001        84,932  

TAG Immobilien AG*

     7,409        211,948  

Talanx AG

     20,899        888,183  

Telefonica Deutschland Holding AG

     315,615        927,355  

United Internet AG, Registered Shares

     4,860        195,349  
     

 

 

 
Total Germany

 

     7,740,325  
Hong Kong – 2.9%      

Bank of East Asia Ltd. (The)

     145,980        310,945  

Hang Lung Group Ltd.

     89,000        225,292  

Hysan Development Co., Ltd.

     83,000        324,550  

PCCW Ltd.

     875,492      493,238  

Power Assets Holdings Ltd.

     308,500        1,821,370  

Sino Land Co., Ltd.

     541,046        752,994  

Vitasoy International Holdings Ltd.

     20,000        76,919  

Wharf Holdings Ltd. (The)

     73,000        193,429  
     

 

 

 
Total Hong Kong

 

     4,198,737  
Ireland – 0.7%      

Glanbia PLC

     14,002        209,163  

Smurfit Kappa Group PLC

     16,789        792,441  
     

 

 

 
Total Ireland

 

     1,001,604  
Israel – 1.3%      

Azrieli Group Ltd.

     2,829        174,845  

Bank Hapoalim BM*

     69,159        538,804  

Bank Leumi Le-Israel BM

     54,423        359,045  

Elbit Systems Ltd.

     873        123,750  

ICL Group Ltd.

     60,029        352,286  

Mizrahi Tefahot Bank Ltd.

     7,970        208,266  

Strauss Group Ltd.

     4,158        112,220  
     

 

 

 
Total Israel

 

     1,869,216  
Italy – 4.4%      

A2A SpA

     320,075        583,837  

ACEA SpA

     13,663        299,323  

Azimut Holding SpA

     14,137        322,917  

ERG SpA

     8,857        263,780  

Hera SpA

     81,915        314,626  

Infrastrutture Wireless Italiane SpA(b)

     12,905        144,089  

Iren SpA

     91,271        252,730  

Italgas SpA

     92,235        600,015  

Mediobanca Banca di Credito Finanziario SpA*

     97,771        1,086,591  

Prysmian SpA

     4,525        147,368  

Recordati Industria Chimica e Farmaceutica SpA

     9,681        521,912  

Telecom Italia SpA

     725,887        393,466  

UnipolSai Assicurazioni SpA

     484,235        1,459,226  
     

 

 

 
Total Italy

 

     6,389,880  
Japan – 24.5%      

ABC-Mart, Inc.

     2,478        139,934  

Acom Co., Ltd.(a)

     23,400        109,059  

Advantest Corp.

     2,800        245,285  

Aeon Mall Co., Ltd.

     6,400        111,493  

AGC, Inc.

     8,828        369,897  

Air Water, Inc.(a)

     7,300        128,163  

Aisin Seiki Co., Ltd.(a)

     7,600        288,869  

Alfresa Holdings Corp.

     7,600        146,704  

Amada Co., Ltd.(a)

     17,200        192,080  

Anritsu Corp.(a)

     3,900        85,271  

Azbil Corp.(a)

     3,300        142,303  

Brother Industries Ltd.(a)

     8,300        183,952  

Calbee, Inc.(a)

     3,700        94,492  

Canon Marketing Japan, Inc.

     5,400        120,022  

Capcom Co., Ltd.

     4,200        136,643  

Casio Computer Co., Ltd.(a)

     6,400        120,760  

Chiba Bank Ltd. (The)(a)

     31,800        208,643  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Chubu Electric Power Co., Inc.

     31,300      $ 403,643  

Chugoku Electric Power Co., Inc. (The)(a)

     22,600        277,949  

COMSYS Holdings Corp.

     6,400        197,502  

Concordia Financial Group Ltd.(a)

     61,600        250,302  

Dai Nippon Printing Co., Ltd.

     10,579        222,015  

Daito Trust Construction Co., Ltd.

     4,420        513,200  

Daiwa Securities Group, Inc.(a)

     67,400        348,955  

Denka Co., Ltd.

     3,800        152,000  

Dentsu Group, Inc.

     9,800        314,842  

Disco Corp.

     800        251,584  

Electric Power Development Co., Ltd.(a)

     9,900        173,272  

Fancl Corp.

     2,200        74,362  

Fuji Electric Co., Ltd.(a)

     4,275        178,351  

Fuji Oil Holdings, Inc.(a)

     3,700        98,879  

Fukuoka Financial Group, Inc.(a)

     10,200        193,754  

Hakuhodo DY Holdings, Inc.

     10,600        176,986  

Hamamatsu Photonics K.K.

     2,200        130,208  

Hankyu Hanshin Holdings, Inc.

     5,100        163,615  

Haseko Corp.(a)

     21,000        294,380  

Hikari Tsushin, Inc.

     1,000        201,538  

Hirose Electric Co., Ltd.

     975        150,176  

Hisamitsu Pharmaceutical Co., Inc.

     2,100        137,023  

Hitachi Capital Corp.

     6,200        191,151  

Hitachi Construction Machinery Co., Ltd.

     3,000        96,244  

Hitachi Transport System Ltd.

     2,500        84,163  

Hoshizaki Corp.

     1,300        116,235  

Hulic Co., Ltd.

     26,100        308,240  

Idemitsu Kosan Co., Ltd.(a)

     19,866        513,100  

Iida Group Holdings Co., Ltd.(a)

     8,200        198,581  

Inpex Corp.

     87,000        595,222  

Isuzu Motors Ltd.

     27,700        298,057  

Itochu Techno-Solutions Corp.

     7,400        238,742  

Japan Post Insurance Co., Ltd.

     25,900        533,001  

JSR Corp.(a)

     6,400        193,448  

JTEKT Corp.

     17,900        183,050  

K’s Holdings Corp.

     8,800        121,129  

Kajima Corp.(a)

     23,276        330,919  

Kakaku.com, Inc.

     3,700        101,122  

Kansai Electric Power Co., Inc. (The)(a)

     45,700        495,462  

Kansai Paint Co., Ltd.

     5,300        141,733  

Keio Corp.

     1,900        127,928  

Kewpie Corp.

     4,300        98,063  

Kikkoman Corp.(a)

     2,200        131,204  

Kintetsu Group Holdings Co., Ltd.

     2,700        103,113  

Kobayashi Pharmaceutical Co., Ltd.

     1,400        130,878  

Koei Tecmo Holdings Co., Ltd.

     3,510        157,712  

Koito Manufacturing Co., Ltd.(a)

     2,200        147,729  

Kose Corp.

     1,100        155,891  

Kuraray Co., Ltd.

     15,300        174,877  

Kurita Water Industries Ltd.

     2,900        124,529  

Kyowa Exeo Corp.

     4,300        113,707  

Kyushu Electric Power Co., Inc.(a)

     18,200        179,859  

Lawson, Inc.

     3,000        147,421  

Lion Corp.

     3,800        74,246  

Lixil Corp.(a)

     10,700      297,760  

Mabuchi Motor Co., Ltd.

     2,600        114,471  

Marubeni Corp.(a)

     76,200        634,977  

Marui Group Co., Ltd.(a)

     6,300        118,531  

Matsumotokiyoshi Holdings Co., Ltd.

     2,200        98,154  

McDonald’s Holdings Co., Japan Ltd.

     2,200        101,538  

Mebuki Financial Group, Inc.

     64,700        152,821  

Medipal Holdings Corp.

     7,100        136,474  

MINEBEA MITSUMI, Inc.

     6,700        171,532  

Mitsubishi Chemical Holdings Corp.(a)

     60,500        454,380  

Mitsubishi Gas Chemical Co., Inc.(a)

     9,100        223,506  

Mitsubishi Heavy Industries Ltd.

     11,600        362,067  

Mitsubishi UFJ Lease & Finance Co., Ltd.(a)

     47,700        288,358  

Mitsui Chemicals, Inc.(a)

     7,800        246,706  

Miura Co., Ltd.

     2,100        113,647  

Nabtesco Corp.

     2,900        132,796  

NGK Insulators Ltd.

     8,600        157,524  

NGK Spark Plug Co., Ltd.(a)

     6,400        110,682  

Nichirei Corp.

     3,900        100,553  

Nifco, Inc.(a)

     3,000        109,548  

Nihon M&A Center, Inc.

     4,200        113,761  

Nihon Unisys Ltd.

     3,200        98,751  

Nippo Corp.(a)

     4,500        122,986  

Nippon Express Co., Ltd.

     4,100        305,738  

Nippon Sanso Holdings Corp.

     7,900        150,422  

Nippon Shinyaku Co., Ltd.

     1,200        89,376  

Nippon Yusen K.K.(a)

     6,400        218,643  

Nissan Chemical Corp.

     3,700        197,891  

Nisshin Seifun Group, Inc.

     6,900        115,520  

Nissin Foods Holdings Co., Ltd.(a)

     2,100        156,027  

Nitto Denko Corp.(a)

     6,400        547,910  

NOF Corp.

     2,600        136,235  

Nomura Real Estate Holdings, Inc.(a)

     9,368        225,934  

NSK Ltd.

     11,900        122,231  

Obayashi Corp.(a)

     25,600        235,149  

Odakyu Electric Railway Co., Ltd.(a)

     4,200        114,977  

Oji Holdings Corp.

     31,862        206,454  

Open House Co., Ltd.

     4,600        196,489  

Osaka Gas Co., Ltd.

     16,500        322,086  

Otsuka Corp.

     7,000        328,145  

Pigeon Corp.(a)

     2,100        79,819  

Pola Orbis Holdings, Inc.

     9,300        224,210  

Resona Holdings, Inc.(a)

     144,900        609,498  

Rinnai Corp.

     1,300        145,765  

Rohm Co., Ltd.

     2,100        205,439  

Ryohin Keikaku Co., Ltd.

     3,500        82,923  

Sankyu, Inc.

     2,100        92,362  

Santen Pharmaceutical Co., Ltd.

     7,700        106,128  

SBI Holdings, Inc.(a)

     10,400        282,353  

SCSK Corp.

     4,400        261,213  

Sega Sammy Holdings, Inc.

     9,000        140,661  

Seiko Epson Corp.(a)

     22,900        373,032  

Seino Holdings Co., Ltd.

     10,700        149,316  

Sekisui Chemical Co., Ltd.

     14,900        286,538  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Seria Co., Ltd.

     2,100      $ 73,452  

Seven Bank Ltd.(a)

     82,900        189,807  

Sharp Corp.(a)

     9,300        160,751  

Shimadzu Corp.

     3,000        108,733  

Shimamura Co., Ltd.

     1,000        115,566  

Shimizu Corp.(a)

     33,900        274,881  

Shizuoka Bank Ltd. (The)(a)

     19,900        156,679  

SHO-BOND Holdings Co., Ltd.

     2,200        94,968  

Sohgo Security Services Co., Ltd.

     2,100        99,394  

Sojitz Corp.(a)

     69,900        197,365  

Square Enix Holdings Co., Ltd.

     2,100        116,878  

Stanley Electric Co., Ltd.

     2,400        71,566  

Sugi Holdings Co., Ltd.

     2,000        158,733  

SUMCO Corp.

     5,700        130,300  

Sumitomo Chemical Co., Ltd.(a)

     64,900        336,540  

Sumitomo Dainippon Pharma Co., Ltd.

     10,590        184,678  

Sumitomo Electric Industries Ltd.(a)

     20,612        309,273  

Sumitomo Metal Mining Co., Ltd.

     4,800        207,595  

Sumitomo Mitsui Trust Holdings, Inc.(a)

     20,200        705,446  

Sundrug Co., Ltd.

     3,300        120,950  

Suzuken Co., Ltd.

     2,500        97,851  

T&D Holdings, Inc.(a)

     27,651        356,836  

Taiheiyo Cement Corp.

     3,600        94,838  

Taisei Corp.

     8,775        339,088  

Teijin Ltd.(a)

     7,100        122,531  

TIS, Inc.

     6,700        160,133  

Tobu Railway Co., Ltd.

     2,500        67,330  

Toho Co., Ltd.

     2,900        117,837  

Tohoku Electric Power Co., Inc.(a)

     31,800        300,733  

Tokyo Century Corp.

     3,100        208,724  

Tokyo Gas Co., Ltd.

     11,700        260,735  

Tokyo Tatemono Co., Ltd.

     10,000        152,127  

Tokyu Corp.

     14,500        193,421  

Toray Industries, Inc.

     44,600        287,579  

Tosoh Corp.(a)

     11,900        228,092  

TOTO Ltd.

     3,600        221,538  

Toyo Suisan Kaisha Ltd.(a)

     2,800        117,828  

Toyo Tire Corp.

     4,700        83,281  

Toyoda Gosei Co., Ltd.(a)

     3,200        84,214  

Toyota Boshoku Corp.(a)

     5,900        97,710  

Toyota Tsusho Corp.(a)

     12,500        525,453  

Trend Micro, Inc.

     6,330        317,359  

Tsuruha Holdings, Inc.

     900        116,308  

USS Co., Ltd.

     10,500        205,629  

Welcia Holdings Co., Ltd.

     2,800        96,290  

Yakult Honsha Co., Ltd.(a)

     2,700        136,833  

Yamada Holdings Co., Ltd.

     20,400        110,215  

Yamaha Corp.

     2,600        141,412  

Yamaha Motor Co., Ltd.

     10,660        261,532  

Yamato Holdings Co., Ltd.

     7,500        205,995  

Yaskawa Electric Corp.

     2,800        139,620  

Yokogawa Electric Corp.

     6,400        118,038  

ZOZO, Inc.

     4,600        136,127  
     

 

 

 
Total Japan

 

     35,421,661  
Kazakhstan – 0.1%      

KAZ Minerals PLC

     10,794      129,118  
Netherlands – 2.9%      

Aalberts N.V.

     4,453        226,092  

ASM International N.V.

     2,862        834,199  

ASR Nederland N.V.

     14,802        664,731  

BE Semiconductor Industries N.V.

     3,525        295,971  

Euronext N.V.(b)

     2,741        276,727  

IMCD N.V.

     1,081        150,554  

Koninklijke KPN N.V.

     314,378        1,069,299  

Koninklijke Vopak N.V.(a)

     6,853        341,906  

SBM Offshore N.V.(a)

     14,662        269,168  
     

 

 

 
Total Netherlands

 

     4,128,647  
Norway – 2.3%      

Aker ASA, Class A

     3,584        274,793  

Entra ASA(b)

     10,814        240,569  

Gjensidige Forsikring ASA

     41,274        969,919  

Kongsberg Gruppen ASA

     4,647        106,698  

Leroy Seafood Group ASA

     29,968        256,627  

Orkla ASA

     63,455        623,225  

Yara International ASA

     17,390        906,133  
     

 

 

 
Total Norway

 

     3,377,964  
Portugal – 0.1%      

Jeronimo Martins, SGPS, S.A.

     12,305        207,531  
Singapore – 3.2%      

CapitaLand Ltd.

     312,900        875,636  

City Developments Ltd.

     26,400        156,797  

Genting Singapore Ltd.

     1,020,800        698,970  

Jardine Cycle & Carriage Ltd.

     31,811        532,945  

Keppel Corp., Ltd.

     83,800        331,807  

NetLink NBN Trust

     310,400        218,315  

Olam International Ltd.

     260,200        333,093  

Singapore Exchange Ltd.

     76,000        563,948  

Singapore Technologies Engineering Ltd.

     181,500        525,480  

UOL Group Ltd.

     31,900        187,563  

Venture Corp., Ltd.

     14,900        222,457  
     

 

 

 
Total Singapore

 

     4,647,011  
Spain – 3.2%      

Acciona S.A.

     1,698        285,180  

ACS Actividades de Construccion y Servicios S.A.

     43,781        1,454,140  

Ebro Foods S.A.

     9,878        204,097  

Enagas S.A.

     29,343        638,696  

Fomento de Construcciones y Contratas S.A.

     15,525        183,560  

Grupo Catalana Occidente S.A.

     5,758        230,091  

Inmobiliaria Colonial Socimi S.A.

     23,975        232,608  

Red Electrica Corp. S.A.

     51,004        905,169  

Viscofan S.A.

     2,956        204,629  

Zardoya Otis S.A.

     51,364        329,006  
     

 

 

 
Total Spain

 

     4,667,176  
Sweden – 4.6%      

AddTech AB, Class B

     6,826        101,807  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2021

 

 

 

Investments    Shares      Value  

Avanza Bank Holding AB

     5,194      $ 161,726  

Axfood AB(a)

     15,165        363,279  

Beijer Ref AB

     3,518        154,906  

BillerudKorsnas AB

     9,157        170,559  

Boliden AB

     10,597        393,909  

Bravida Holding AB(b)

     7,583        104,659  

Castellum AB(a)

     20,009        442,130  

Elekta AB, Class B(a)

     9,812        127,486  

Fabege AB(a)

     13,656        184,481  

Getinge AB, Class B

     5,200        144,672  

Holmen AB, Class B

     2,249        98,926  

Hufvudstaden AB, Class A(a)

     9,796        142,732  

Husqvarna AB, Class B

     12,433        179,442  

ICA Gruppen AB

     7,883        386,178  

Intrum AB

     9,565        307,263  

Kinnevik AB, Class B(a)

     5,985        291,549  

Lifco AB, Class B

     1,613        150,265  

Lundin Energy AB

     25,779        811,555  

Skanska AB, Class B(a)

     10,693        268,665  

SKF AB, Class B

     9,309        265,077  

Sweco AB, Class B

     5,556        90,897  

Tele2 AB, Class B

     77,502        1,047,432  

Wihlborgs Fastigheter AB

     9,759        185,522  
     

 

 

 
Total Sweden               6,575,117  
Switzerland – 5.7%      

Adecco Group AG, Registered Shares

     12,730        860,795  

Allreal Holding AG, Registered Shares

     1,219        246,611  

ALSO Holding AG, Registered Shares*

     498        143,397  

Baloise Holding AG, Registered Shares

     3,496        597,308  

Banque Cantonale Vaudoise, Registered Shares

     7,479        732,682  

BKW AG

     2,774        302,999  

Bucher Industries AG, Registered Shares

     562        287,583  

Cembra Money Bank AG

     1,593        176,201  

Coca-Cola HBC AG

     16,589        528,709  

DKSH Holding AG

     2,974        229,255  

Galenica AG(b)

     3,447        216,090  

Julius Baer Group Ltd.

     5,841        375,105  

OC Oerlikon Corp. AG, Registered Shares

     26,735        310,486  

PSP Swiss Property AG, Registered Shares

     2,139        261,821  

SFS Group AG

     1,792        223,536  

SIG Combibloc Group AG*

     9,684        224,929  

Stadler Rail AG(a)

     4,781        228,801  

Sulzer AG, Registered Shares

     2,902        327,772  

Swiss Prime Site AG, Registered Shares

     7,973        738,296  

Temenos AG, Registered Shares

     999        144,413  

VAT Group AG(b)

     1,575        443,139  

Vifor Pharma AG

     1,917        262,043  

Vontobel Holding AG, Registered Shares

     3,235        247,484  

VZ Holding AG

     1,297        107,630  
     

 

 

 
Total Switzerland               8,217,085  
United Kingdom – 11.1%      

Admiral Group PLC

     32,938        1,409,236  

Airtel Africa PLC(b)

     282,211      308,768  

Ashmore Group PLC

     47,106        254,379  

Assura PLC

     193,191        192,180  

Avast PLC(b)

     35,403        222,736  

AVEVA Group PLC

     3,365        158,873  

Berkeley Group Holdings PLC

     9,853        603,446  

Bunzl PLC

     15,125        484,763  

ConvaTec Group PLC(b)

     104,204        281,934  

Croda International PLC

     4,265        373,543  

DCC PLC

     4,132        358,588  

Dechra Pharmaceuticals PLC

     2,654        125,597  

Direct Line Insurance Group PLC

     152,578        659,534  

easyJet PLC*

     50,775        685,271  

Games Workshop Group PLC

     1,166        160,310  

Grainger PLC

     20,232        74,475  

Hargreaves Lansdown PLC

     26,486        563,306  

Hikma Pharmaceuticals PLC

     7,455        234,102  

HomeServe PLC

     10,473        173,540  

IMI PLC

     19,612        360,963  

Johnson Matthey PLC

     7,137        296,688  

Londonmetric Property PLC

     50,442        148,655  

Mondi PLC

     20,282        517,687  

Pearson PLC

     41,923        446,303  

Pennon Group PLC

     25,699        345,705  

Persimmon PLC

     8,021        325,357  

Pets at Home Group PLC

     21,133        120,419  

Phoenix Group Holdings PLC

     70,641        715,576  

Quilter PLC(b)

     104,575        230,635  

Sage Group PLC (The)

     66,550        562,667  

Schroders PLC

     13,914        671,900  

Severn Trent PLC

     13,403        426,428  

Smiths Group PLC

     13,060        277,040  

Spectris PLC

     6,661        305,758  

Spirax-Sarco Engineering PLC

     1,633        256,848  

Standard Life Aberdeen PLC

     321,339        1,285,276  

Tate & Lyle PLC

     47,040        497,921  

United Utilities Group PLC

     46,442        593,216  

WM Morrison Supermarkets PLC

     133,340        335,652  
     

 

 

 
Total United Kingdom               16,045,275  

TOTAL COMMON STOCKS

(Cost: $129,171,140)

 

 

     143,573,372  
RIGHTS – 0.0%

 

Australia – 0.0%

 

Computershare Ltd., expiring 4/19/21*

     
(Cost: $0)      3,416        3,955  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.2%

 

United States – 8.2%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $11,782,640)      11,782,640        11,782,640  

TOTAL INVESTMENTS IN SECURITIES – 107.6%

(Cost: $140,953,780)

 

 

     155,359,967  

Other Assets less Liabilities – (7.6)%

        (10,955,506
     

 

 

 
NET ASSETS – 100.0%             $ 144,404,461  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Schedule of Investments (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2021

 

*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $20,380,339 and the total market value of the collateral held by the Fund was $21,512,219. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $9,729,579.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

           

Japan

   $ 35,230,510      $ 191,151      $      $ 35,421,661  

Other

     108,151,711                      108,151,711  

Rights

     3,955                      3,955  

Investment of Cash Collateral for Securities Loaned

            11,782,640               11,782,640  

Total Investments in Securities

   $ 143,386,176      $ 11,973,791      $      $ 155,359,967  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Schedule of Investments

WisdomTree International Multifactor Fund (DWMF)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.4%

 

Australia – 8.4%

 

ASX Ltd.

     5,968      $ 322,960  

Aurizon Holdings Ltd.

     48,387        143,730  

AusNet Services

     173,029        241,830  

BHP Group Ltd.

     4,244        146,430  

BHP Group PLC

     7,509        216,994  

Brambles Ltd.

     22,053        177,709  

Coca-Cola Amatil Ltd.

     15,671        160,298  

Coles Group Ltd.

     12,131        147,926  

Evolution Mining Ltd.

     22,143        68,810  

Fortescue Metals Group Ltd.

     8,396        127,832  

Medibank Pvt Ltd.

     149,877        319,631  

Newcrest Mining Ltd.

     3,932        73,133  

Northern Star Resources Ltd.

     4,832        34,889  

Rio Tinto Ltd.

     2,505        211,304  

Sonic Healthcare Ltd.

     6,801        181,765  

Tabcorp Holdings Ltd.

     31,117        110,917  

Telstra Corp., Ltd.

     71,298        184,634  

Washington H Soul Pattinson & Co., Ltd.(a)

     4,981        119,807  

Wesfarmers Ltd.

     5,467        219,315  
     

 

 

 
Total Australia

 

     3,209,914  
China – 1.1%

 

BOC Hong Kong Holdings Ltd.

     90,500        316,045  

WH Group Ltd.(b)

     73,500        59,560  

Xinyi Glass Holdings Ltd.

     10,000        32,671  
     

 

 

 
Total China

 

     408,276  
Denmark – 3.3%

 

AP Moller—Maersk A/S, Class B

     105        244,499  

DSV Panalpina A/S

     1,491        293,231  

Novo Nordisk A/S, Class B

     4,783        324,828  

Novozymes A/S, Class B

     6,349        407,651  
     

 

 

 
Total Denmark

 

     1,270,209  
Finland – 1.0%

 

Kesko Oyj, Class B

     1,372        42,054  

Kone Oyj, Class B

     2,365        193,626  

Orion Oyj, Class B

     3,580        143,773  
     

 

 

 
Total Finland

 

     379,453  
France – 8.2%

 

BioMerieux

     3,135        399,775  

Carrefour S.A.

     20,483        371,818  

Iliad S.A.

     1,362        259,483  

Ipsen S.A.

     4,670        401,495  

Orange S.A.

     12,255        151,306  

Publicis Groupe S.A.

     1,186        72,539  

Sanofi

     5,325        527,276  

Sartorius Stedim Biotech

     1,075        443,722  

TOTAL SE

     2,955        138,139  

Vivendi SE

     10,787        354,983  
     

 

 

 
Total France

 

     3,120,536  
Germany – 7.4%

 

Brenntag SE

     2,822        241,456  

Daimler AG, Registered Shares

     3,141      280,600  

Deutsche Post AG, Registered Shares

     4,385        240,780  

Deutsche Wohnen SE, Bearer Shares

     4,874        227,876  

Fresenius Medical Care AG & Co. KGaA

     3,681        271,344  

HelloFresh SE*

     3,841        287,111  

Knorr-Bremse AG

     1,952        244,147  

LEG Immobilien SE

     1,649        217,374  

Siemens Healthineers AG(b)

     4,836        262,589  

Symrise AG

     2,860        347,564  

TeamViewer AG*(b)

     4,524        193,700  
     

 

 

 
Total Germany

 

     2,814,541  
Hong Kong – 5.0%

 

CK Asset Holdings Ltd.

     20,500        124,459  

CLP Holdings Ltd.

     21,000        203,937  

Henderson Land Development Co., Ltd.

     32,000        143,650  

Hong Kong & China Gas Co., Ltd.

     119,000        188,271  

Hong Kong Exchanges & Clearing Ltd.

     5,200        305,936  

Hongkong Land Holdings Ltd.

     6,000        29,460  

Jardine Matheson Holdings Ltd.

     2,400        156,936  

Jardine Strategic Holdings Ltd.

     3,600        118,872  

MTR Corp., Ltd.

     22,500        127,485  

Power Assets Holdings Ltd.

     34,000        200,734  

Sino Land Co., Ltd.

     80,000        111,339  

Sun Hung Kai Properties Ltd.

     10,500        159,098  

Swire Properties Ltd.

     8,200        25,366  
     

 

 

 
Total Hong Kong

 

     1,895,543  
Israel – 0.5%

 

Check Point Software Technologies Ltd.*

     1,784        199,754  
Italy – 1.4%

 

Assicurazioni Generali SpA

     14,821        297,170  

DiaSorin SpA

     523        84,088  

Recordati Industria Chimica e Farmaceutica SpA

     2,689        144,967  
     

 

 

 
Total Italy

 

     526,225  
Japan – 27.1%

 

AGC, Inc.

     900        37,710  

Air Water, Inc.(a)

     6,100        107,095  

Ajinomoto Co., Inc.

     4,800        98,411  

Brother Industries Ltd.

     2,400        53,191  

Calbee, Inc.

     3,200        81,723  

Capcom Co., Ltd.

     1,000        32,534  

Chubu Electric Power Co., Inc.

     15,000        193,439  

Chugoku Electric Power Co., Inc. (The)

     15,000        184,480  

Cosmos Pharmaceutical Corp.

     400        62,516  

CyberAgent, Inc.

     2,400        43,287  

Daito Trust Construction Co., Ltd.

     900        104,498  

ENEOS Holdings, Inc.

     7,000        31,776  

FUJIFILM Holdings Corp.

     2,200        130,825  

Fujitsu Ltd.

     1,000        144,796  

Hirose Electric Co., Ltd.

     600        92,416  

Hoya Corp.

     800        94,154  

Iida Group Holdings Co., Ltd.

     5,500        133,195  

ITOCHU Corp.(a)

     5,500        178,538  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Schedule of Investments (continued)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2021

 

 

 

Investments    Shares      Value  

Itochu Techno-Solutions Corp.

     4,600      $ 148,407  

Japan Post Insurance Co., Ltd.

     12,100        249,008  

Japan Tobacco, Inc.

     5,600        107,692  

Kao Corp.

     1,500        99,271  

KDDI Corp.

     4,700        144,403  

Kirin Holdings Co., Ltd.

     3,100        59,489  

Koei Tecmo Holdings Co., Ltd.

     650        29,206  

Konami Holdings Corp.

     500        29,819  

Kurita Water Industries Ltd.

     1,900        81,588  

Kyushu Electric Power Co., Inc.

     18,600        183,812  

Lion Corp.

     3,100        60,569  

Lixil Corp.

     3,600        100,181  

McDonald’s Holdings Co., Japan Ltd.

     4,000        184,615  

Medipal Holdings Corp.

     6,100        117,252  

MEIJI Holdings Co., Ltd.

     1,800        115,982  

Mitsubishi Corp.

     900        25,493  

Mitsubishi Electric Corp.

     8,100        123,626  

Mitsubishi Gas Chemical Co., Inc.

     4,200        103,157  

Mitsui Chemicals, Inc.

     2,200        69,584  

Miura Co., Ltd.

     2,100        113,647  

Murata Manufacturing Co., Ltd.

     1,300        104,024  

NEC Corp.

     2,500        147,511  

NH Foods Ltd.

     1,700        73,000  

Nintendo Co., Ltd.

     300        167,810  

Nippon Express Co., Ltd.

     1,700        126,769  

Nippon Telegraph & Telephone Corp.

     5,400        138,885  

Nippon Yusen K.K.

     3,500        119,570  

Nissin Foods Holdings Co., Ltd.

     1,200        89,158  

Nitori Holdings Co., Ltd.

     900        174,502  

Nitto Denko Corp.

     1,300        111,294  

Nomura Holdings, Inc.

     40,800        214,671  

Nomura Real Estate Holdings, Inc.

     1,400        33,765  

Nomura Research Institute Ltd.

     4,900        151,878  

Obic Co., Ltd.

     400        73,231  

Ono Pharmaceutical Co., Ltd.

     4,700        122,923  

Osaka Gas Co., Ltd.

     10,100        197,156  

Otsuka Holdings Co., Ltd.

     2,600        110,282  

Pan Pacific International Holdings Corp.

     6,000        141,774  

Rinnai Corp.

     1,500        168,190  

SCSK Corp.

     2,100        124,670  

Sekisui House Ltd.

     7,200        154,686  

SG Holdings Co., Ltd.

     4,800        110,205  

Shimamura Co., Ltd.

     1,600        184,905  

Shizuoka Bank Ltd. (The)(a)

     38,800        305,484  

SoftBank Corp.

     12,000        156,217  

Sohgo Security Services Co., Ltd.

     2,100        99,394  

Sompo Holdings, Inc.

     6,900        264,885  

Sony Corp.

     1,500        157,398  

Square Enix Holdings Co., Ltd.

     600        33,394  

Sumitomo Mitsui Financial Group, Inc.

     8,000        290,100  

Sumitomo Mitsui Trust Holdings, Inc.

     7,900        275,892  

Sundrug Co., Ltd.

     1,900        69,638  

T&D Holdings, Inc.

     17,100        220,675  

Taisei Corp.

     3,200        123,656  

TDK Corp.

     600      83,240  

TIS, Inc.

     5,500        131,453  

Toho Gas Co., Ltd.

     1,700        105,077  

Tohoku Electric Power Co., Inc.

     21,400        202,380  

Tokyo Electron Ltd.

     200        84,688  

Tokyo Gas Co., Ltd.

     8,000        178,281  

Tosoh Corp.

     3,700        70,919  

Toyo Suisan Kaisha Ltd.

     2,000        84,163  

Trend Micro, Inc.

     2,000        100,271  

Yakult Honsha Co., Ltd.

     1,500        76,018  

Yamada Holdings Co., Ltd.

     26,000        140,471  

Yamato Holdings Co., Ltd.

     4,000        109,864  
     

 

 

 
Total Japan

 

     10,355,802  
Netherlands – 3.7%

 

Koninklijke Ahold Delhaize N.V.

     9,375        261,688  

Koninklijke Philips N.V.*

     5,070        290,043  

Koninklijke Vopak N.V.

     5,664        282,585  

QIAGEN N.V.*

     5,545        268,958  

Wolters Kluwer N.V.

     3,575        311,430  
     

 

 

 
Total Netherlands

 

     1,414,704  
New Zealand – 0.8%

 

Fisher & Paykel Healthcare Corp., Ltd.

     5,816        130,751  

Spark New Zealand Ltd.

     57,786        181,308  
     

 

 

 
Total New Zealand

 

     312,059  
Norway – 2.0%

 

Norsk Hydro ASA

     27,718        177,809  

Orkla ASA

     16,471        161,770  

Telenor ASA

     11,133        196,280  

Yara International ASA

     4,641        241,827  
     

 

 

 
Total Norway

 

     777,686  
Portugal – 0.4%

 

Jeronimo Martins, SGPS, S.A.

     9,543        160,948  
Singapore – 3.0%

 

Oversea-Chinese Banking Corp., Ltd.

     48,700        425,889  

Singapore Airlines Ltd.*

     19,600        80,962  

Singapore Exchange Ltd.

     57,100        423,703  

UOL Group Ltd.

     33,400        196,383  
     

 

 

 
Total Singapore

 

     1,126,937  
Spain – 0.4%

 

Repsol S.A.

     11,091        137,652  
Sweden – 5.6%

 

Boliden AB

     4,167        154,894  

Electrolux AB, Series B

     8,688        241,414  

Essity AB, Class B(a)

     7,371        233,317  

Evolution Gaming Group AB(b)

     1,749        258,047  

Husqvarna AB, Class B

     18,366        265,071  

ICA Gruppen AB

     3,988        195,367  

Kinnevik AB, Class B

     7,751        377,577  

Swedish Match AB

     2,521        197,196  

Telefonaktiebolaget LM Ericsson, Class B

     16,883        223,814  
     

 

 

 
Total Sweden

 

     2,146,697  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2021

 

 

 

Investments    Shares      Value  
Switzerland – 8.2%

 

Givaudan S.A., Registered Shares

     103      $ 398,583  

Kuehne + Nagel International AG, Registered Shares

     1,433        410,647  

Logitech International S.A., Registered Shares

     3,539        372,795  

Nestle S.A., Registered Shares

     2,549        285,302  

Novartis AG, Registered Shares

     3,605        309,383  

Roche Holding AG, Genusschein

     980        318,059  

Schindler Holding AG, Participation Certificate

     1,223        360,734  

Sika AG, Registered Shares

     1,245        357,169  

Swisscom AG, Registered Shares

     584        314,602  
     

 

 

 
Total Switzerland

 

     3,127,274  
United Kingdom – 10.9%

 

Admiral Group PLC

     12,508        535,149  

Bunzl PLC

     8,976        287,685  

CK Hutchison Holdings Ltd.

     4,000        31,874  

Entain PLC*

     13,189        276,228  

Ferguson PLC

     1,334        159,536  

Hikma Pharmaceuticals PLC

     7,838        246,129  

Imperial Brands PLC

     11,188        230,306  

J Sainsbury PLC

     90,663        303,338  

Kingfisher PLC*

     75,414        331,187  

Pearson PLC

     21,823        232,323  

Reckitt Benckiser Group PLC

     2,802        251,207  

Rio Tinto PLC

     3,324        254,530  

Royal Dutch Shell PLC, Class A

     6,585        128,448  

Segro PLC(b)

     17,113      221,375  

Tesco PLC

     65,841        207,889  

Unilever PLC

     3,462        193,736  

WM Morrison Supermarkets PLC

     102,040        256,862  
     

 

 

 
Total United Kingdom

 

     4,147,802  
TOTAL COMMON STOCKS
(Cost: $33,791,797)

 

     37,532,012  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0%

 

United States – 1.0%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(c)

     
(Cost: $364,891)      364,891        364,891  
TOTAL INVESTMENTS IN SECURITIES – 99.4%
(Cost: $34,156,688)

 

     37,896,903  

Other Assets less Liabilities – 0.6%

 

     241,413  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 38,138,316  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $580,467 and the total market value of the collateral held by the Fund was $610,732. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $245,841.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

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

Bank of America N.A.

    4/7/2021       258,717       SGD       192,383       USD     $ 170     $  

Bank of America N.A.

    4/8/2021       277,484       USD       232,320       EUR       4,427        

Bank of America N.A.

    4/8/2021       233,200       USD       325,426       NZD       5,289        

Bank of America N.A.

    4/8/2021       221,469       USD       1,880,525       SEK       5,717        

Barclays Bank PLC

    4/8/2021       566,583       USD       3,526,627       DKK       9,265        

Barclays Bank PLC

    4/8/2021       833,643       USD       7,101,273       SEK       18,915        

Citibank N.A.

    4/8/2021       2,957,119       USD       2,474,800       EUR       48,368        

Goldman Sachs

    4/6/2021       9,483,845       USD       1,026,254,454       JPY       196,071        

Goldman Sachs

    4/7/2021       758,358       USD       1,016,183       SGD       2,052        

HSBC Holdings PLC

    4/6/2021       91,811       USD       304,664       ILS       448        

HSBC Holdings PLC

    4/8/2021       2,049,219       USD       1,477,952       GBP       10,075        

Morgan Stanley & Co. International

    4/6/2021       1,366       ILS       410       USD             (0 )^ 

Morgan Stanley & Co. International

    4/6/2021       4,621,997       JPY       42,355       USD             (525

Morgan Stanley & Co. International

    4/7/2021       4,569       SGD       3,387       USD       14        

Morgan Stanley & Co. International

    4/8/2021       9,412       AUD       7,126       USD       43        

Morgan Stanley & Co. International

    4/8/2021       7,446       CHF       7,929       USD             (17

Morgan Stanley & Co. International

    4/8/2021       15,975       DKK       2,530       USD             (5

Morgan Stanley & Co. International

    4/8/2021       11,212       EUR       13,206       USD             (28

Morgan Stanley & Co. International

    4/8/2021       6,669       GBP       9,152       USD       50        

Morgan Stanley & Co. International

    4/8/2021       3,916       NOK       452       USD       7        

Morgan Stanley & Co. International

    4/8/2021       1,498       NZD       1,041       USD       8        

Morgan Stanley & Co. International

    4/8/2021       32,279       SEK       3,723       USD             (20

Morgan Stanley & Co. International

    4/8/2021       101,139       USD       862,063       NOK       152        

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Schedule of Investments (concluded)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2021

 

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

UBS AG

    4/8/2021       1,595,673       USD       2,070,842       AUD     $ 18,392     $  

UBS AG

    4/8/2021       1,775,439       USD       1,644,504       CHF       28,009        
                                            $ 347,472     $ (595
^ 

Amount represents less than $1.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

 

     

Investments in Securities

  

Common Stocks

   $ 37,532,012      $      $      $ 37,532,012  

Investment of Cash Collateral for Securities Loaned

            364,891               364,891  

Total Investments in Securities

   $ 37,532,012      $ 364,891      $      $ 37,896,903  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 347,472      $      $ 347,472  

Liabilities:

        

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (595    $      $ (595
Total – Net    $ 37,532,012      $ 711,768      $      $ 38,243,780  
1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Schedule of Investments

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%

 

Australia – 11.4%

 

Appen Ltd.

     1,340      $ 16,156  

Beach Energy Ltd.(a)

     80,970        105,765  

BHP Group Ltd.(a)

     322,745        11,135,589  

BlueScope Steel Ltd.

     16,005        235,881  

Brambles Ltd.

     94,679        762,948  

Breville Group Ltd.

     4,547        93,507  

Charter Hall Group

     31,036        304,465  

Codan Ltd.

     7,140        83,965  

CSL Ltd.

     8,371        1,687,348  

Domino’s Pizza Enterprises Ltd.

     5,193        380,693  

Elders Ltd.

     7,928        75,057  

Goodman Group

     62,351        860,512  

JB Hi-Fi Ltd.

     9,151        360,899  

Mineral Resources Ltd.

     17,733        513,511  

Netwealth Group Ltd.

     4,384        45,011  

NIB Holdings Ltd.

     45,281        180,374  

Northern Star Resources Ltd.

     19,675        142,062  

Ramelius Resources Ltd.

     20,419        22,939  

Regis Resources Ltd.

     60,962        134,652  

Rio Tinto Ltd.

     52,007        4,386,933  

St Barbara Ltd.

     77,074        115,352  

Technology One Ltd.

     11,319        80,521  
     

 

 

 
Total Australia

 

     21,724,140  
Belgium – 0.1%

 

Fagron

     4,621        102,810  

Melexis N.V.

     1,408        149,348  
     

 

 

 
Total Belgium

 

     252,158  
China – 2.2%

 

China Overseas Grand Oceans Group Ltd.

     540,000        352,848  

China Overseas Land & Investment Ltd.

     1,330,001        3,455,681  

China Tobacco International HK Co., Ltd.(a)

     23,000        59,760  

CSPC Pharmaceutical Group Ltd.

     223,360        270,062  
     

 

 

 
Total China

 

     4,138,351  
Denmark – 4.8%

 

Coloplast A/S, Class B

     6,918        1,042,737  

DSV Panalpina A/S

     1,563        307,391  

H. Lundbeck A/S

     2,317        79,346  

Novo Nordisk A/S, Class B

     61,149        4,152,811  

Novozymes A/S, Class B

     7,624        489,516  

Orsted A/S(b)

     11,214        1,815,555  

Royal Unibrew A/S

     2,545        266,809  

Vestas Wind Systems A/S

     4,687        964,368  
     

 

 

 
Total Denmark

 

     9,118,533  
Finland – 2.5%

 

Kone Oyj, Class B

     27,394        2,242,784  

Neste Oyj

     36,529        1,943,126  

Uponor Oyj

     3,795        84,388  

Valmet Oyj(a)

     13,000        473,798  
     

 

 

 
Total Finland

 

     4,744,096  
France – 6.0%

 

BioMerieux

     821      $ 104,694  

Hermes International

     1,559        1,729,683  

LVMH Moet Hennessy Louis Vuitton SE

     13,395        8,943,676  

Sartorius Stedim Biotech

     43        17,749  

Trigano S.A.

     1,238        231,930  

Verallia S.A.(b)

     12,597        455,261  
     

 

 

 
Total France

 

     11,482,993  
Germany – 5.9%

 

Bechtle AG

     626        117,644  

CANCOM SE

     300        17,326  

Carl Zeiss Meditec AG, Bearer Shares

     1,079        162,957  

CompuGroup Medical SE & Co. KgaA

     954        80,785  

Dermapharm Holding SE

     3,223        231,105  

Eckert & Ziegler Strahlen- und Medizintechnik AG

     1,102        88,137  

Fuchs Petrolub SE

     5,971        240,708  

Infineon Technologies AG

     39,014        1,657,820  

Knorr-Bremse AG

     6,481        810,614  

Nemetschek SE

     1,640        104,856  

SAP SE

     47,262        5,800,218  

Siemens Healthineers AG(b)

     33,805        1,835,572  

Softwareone Holding AG*

     2,411        62,507  

STRATEC SE

     63        8,530  

VERBIO Vereinigte BioEnergie AG

     1,036        44,686  
     

 

 

 
Total Germany

 

     11,263,465  
Hong Kong – 2.1%

 

Hong Kong Exchanges & Clearing Ltd.

     48,700        2,865,203  

Techtronic Industries Co., Ltd.

     58,000        992,225  

Vitasoy International Holdings Ltd.(a)

     22,000        84,610  
     

 

 

 
Total Hong Kong

 

     3,942,038  
Israel – 0.1%

 

Matrix IT Ltd.

     4,510        108,223  

Maytronics Ltd.

     139        2,530  

Strauss Group Ltd.

     4,467        120,559  
     

 

 

 
Total Israel

 

     231,312  
Italy – 0.9%

 

Davide Campari-Milano N.V.

     1,548        17,378  

DiaSorin SpA

     1,091        175,412  

Ferrari N.V.

     3,115        652,950  

Recordati Industria Chimica e Farmaceutica SpA

     10,882        586,659  

Zignago Vetro SpA

     10,858        206,735  
     

 

 

 
Total Italy

 

     1,639,134  
Japan – 19.0%

 

ABC-Mart, Inc.

     6,500        367,059  

Advantest Corp.

     8,900        779,656  

Asahi Holdings, Inc.(a)

     7,000        134,172  

Asahi Intecc Co., Ltd.

     1,300        35,882  

Astellas Pharma, Inc.

     74,500        1,147,502  

Bandai Namco Holdings, Inc.

     9,300        664,298  

Benefit One, Inc.

     700        18,618  

Bridgestone Corp.

     51,300        2,077,534  

Capcom Co., Ltd.

     3,000        97,602  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Schedule of Investments (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2021

 

 

 

Investments    Shares      Value  

Chugai Pharmaceutical Co., Ltd.

     31,600      $ 1,283,732  

Cosmos Pharmaceutical Corp.

     200        31,258  

Create SD Holdings Co., Ltd.

     3,500        114,027  

CyberAgent, Inc.

     2,400        43,287  

Daifuku Co., Ltd.

     600        58,860  

Daikin Industries Ltd.

     3,700        747,367  

Daiwabo Holdings Co., Ltd.

     6,500        98,941  

Dip Corp.

     6,000        157,412  

Disco Corp.

     1,400        440,272  

DTS Corp.

     1,500        34,290  

Elecom Co., Ltd.

     2,400        53,343  

en-japan, Inc.

     1,900        58,719  

Fancl Corp.

     3,600        121,683  

Fast Retailing Co., Ltd.

     1,400        1,116,579  

Funai Soken Holdings, Inc.

     3,200        62,147  

Fuso Chemical Co., Ltd.

     1,100        40,466  

GMO Payment Gateway, Inc.

     100        13,285  

GungHo Online Entertainment, Inc.

     2,800        55,392  

Hikari Tsushin, Inc.

     1,500        302,308  

Horiba Ltd.

     300        18,950  

Hoya Corp.

     4,100        482,538  

Infocom Corp.

     2,700        68,758  

Japan Lifeline Co., Ltd.

     6,000        76,072  

Justsystems Corp.

     500        27,376  

Kakaku.com, Inc.

     7,600        207,710  

Kaken Pharmaceutical Co., Ltd.

     6,400        251,077  

Kanematsu Electronics Ltd.

     5,600        189,032  

Kao Corp.

     18,800        1,244,203  

Katitas Co., Ltd.

     700        19,575  

Keyence Corp.

     1,600        727,891  

Kose Corp.

     600        85,032  

Kotobuki Spirits Co., Ltd.(a)

     1,100        71,575  

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

     700        53,719  

Kyudenko Corp.

     9,300        356,009  

Mani, Inc.

     2,400        60,380  

Maruwa Unyu Kikan Co., Ltd.

     1,100        19,203  

Meitec Corp.

     600        33,176  

Milbon Co., Ltd.

     2,300        126,344  

MINEBEA MITSUMI, Inc.

     16,300        417,310  

Murata Manufacturing Co., Ltd.

     19,900        1,592,360  

Nexon Co., Ltd.

     700        22,742  

NGK Spark Plug Co., Ltd.(a)

     16,700        288,812  

Nihon Unisys Ltd.

     6,700        206,760  

Nippon Shinyaku Co., Ltd.

     2,000        148,959  

Nissan Chemical Corp.

     7,300        390,434  

NSD Co., Ltd.

     6,600        109,960  

Obic Co., Ltd.(a)

     1,900        347,846  

OKUMA Corp.

     2,600        149,412  

Olympus Corp.

     9,400        194,891  

Oracle Corp.

     4,000        390,950  

Outsourcing, Inc.

     1,273        20,552  

Pan Pacific International Holdings Corp.

     2,800        66,161  

Pigeon Corp.

     4,500        171,041  

Pilot Corp.

     7,100        226,814  

Prestige International, Inc.

     10,700      79,596  

Recruit Holdings Co., Ltd.

     22,400        1,094,863  

Ryohin Keikaku Co., Ltd.

     6,000        142,154  

Sakai Moving Service Co., Ltd.

     2,300        103,136  

Sanwa Holdings Corp.

     18,600        243,904  

SCSK Corp.

     6,200        368,072  

Seria Co., Ltd.

     1,400        48,968  

Shimadzu Corp.

     2,300        83,362  

Shionogi & Co., Ltd.

     11,100        597,893  

SoftBank Corp.(a)

     610,200        7,943,644  

Sony Corp.

     12,700        1,332,638  

Starts Corp., Inc.

     700        18,403  

Sundrug Co., Ltd.

     6,100        223,575  

Sysmex Corp.

     3,600        388,507  

Systena Corp.

     1,700        34,031  

T-Gaia Corp.

     9,700        168,280  

TechnoPro Holdings, Inc.

     2,000        166,878  

Tokuyama Corp.

     5,600        141,546  

Tokyo Electron Ltd.

     7,500        3,175,792  

USS Co., Ltd.

     10,100        197,795  

ValueCommerce Co., Ltd.

     1,400        45,484  

Wacom Co., Ltd.

     2,700        18,155  

Workman Co., Ltd.

     300        21,529  

Yamaha Corp.

     6,200        337,213  

ZOZO, Inc.(a)

     8,300        245,620  
     

 

 

 
Total Japan

 

     36,240,353  
Netherlands – 4.0%

 

ASM International N.V.

     2,138        623,172  

ASML Holding N.V.

     7,939        4,823,973  

BE Semiconductor Industries N.V.

     9,651        810,331  

Euronext N.V.(b)

     4,101        414,029  

IMCD N.V.

     113        15,738  

Wolters Kluwer N.V.

     10,088        878,798  
     

 

 

 
Total Netherlands

 

     7,566,041  
Norway – 0.1%

 

Borregaard ASA

     3,672        80,096  

Fjordkraft Holding ASA(b)

     10,668        87,105  
     

 

 

 
Total Norway

 

     167,201  
Portugal – 0.2%

 

Corticeira Amorim, SGPS, S.A.

     8,423        100,183  

Jeronimo Martins, SGPS, S.A.

     18,442        311,035  
     

 

 

 
Total Portugal

 

     411,218  
Singapore – 0.4%

 

Riverstone Holdings Ltd.

     18,600        17,027  

Singapore Exchange Ltd.

     93,900        696,772  
     

 

 

 
Total Singapore

 

     713,799  
Spain – 0.5%

 

Faes Farma S.A.

     72,184        310,082  

Grifols S.A.(a)

     6,921        181,638  

Prosegur Cash S.A.(a)(b)

     367,740        335,823  

Prosegur Cia de Seguridad S.A.

     30,712        97,820  
     

 

 

 
Total Spain

 

     925,363  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2021

 

 

 

Investments    Shares      Value  
Sweden – 3.4%

 

Atlas Copco AB, Class A

     27,986      $ 1,706,843  

Atlas Copco AB, Class B

     19,461        1,014,768  

Axfood AB(a)

     18,750        449,159  

Beijer Ref AB

     3,625        159,618  

BioGaia AB, Class B

     475        22,343  

Elekta AB, Class B(a)

     12,334        160,254  

Epiroc AB, Class B

     14,834        309,655  

EQT AB

     14,328        472,597  

Essity AB, Class B(a)

     36,318        1,149,586  

Evolution Gaming Group AB(b)

     5,296        781,370  

Lagercrantz Group AB, Class B

     2,381        21,608  

Lifco AB, Class B

     1,637        152,501  
     

 

 

 
Total Sweden

 

     6,400,302  
Switzerland – 10.1%

 

Bucher Industries AG, Registered Shares

     579        296,283  

Geberit AG, Registered Shares

     1,652        1,055,988  

Givaudan S.A., Registered Shares

     386        1,493,717  

Kardex Holding AG, Registered Shares

     742        152,003  

Kuehne + Nagel International AG, Registered Shares

     6,832        1,957,807  

Logitech International S.A., Registered Shares

     6,377        671,748  

Partners Group Holding AG

     1,653        2,119,929  

Roche Holding AG, Bearer Shares(a)

     7,438        2,552,700  

Roche Holding AG, Genusschein

     20,952        6,799,967  

Schindler Holding AG, Participation Certificate

     1,659        489,336  

SFS Group AG

     1,743        217,424  

Sika AG, Registered Shares

     2,708        776,879  

STMicroelectronics N.V.(a)

     10,043        383,851  

Temenos AG, Registered Shares

     1,542        222,907  
     

 

 

 
Total Switzerland

 

     19,190,539  
United Kingdom – 25.3%

 

AJ Bell PLC

     23,115        133,786  

Ashmore Group PLC

     49,925        269,602  

Ashtead Group PLC

     14,454        862,899  

Berkeley Group Holdings PLC

     15,899        973,733  

Bodycote PLC

     22,233        253,528  

Bunzl PLC

     15,970        511,846  

CMC Markets PLC(b)

     33,236        221,483  

Cranswick PLC

     3,641        182,654  

Croda International PLC

     3,502        306,717  

FDM Group Holdings PLC

     7,212        100,300  

Ferrexpo PLC

     172,997        894,110  

Fevertree Drinks PLC

     3,435      101,420  

Fresnillo PLC

     28,698        342,177  

Games Workshop Group PLC

     1,294        177,908  

Gamma Communications PLC

     389        8,802  

GlaxoSmithKline PLC

     399,868        7,105,871  

Hargreaves Lansdown PLC

     43,703        929,479  

Hilton Food Group PLC

     9,165        135,807  

HomeServe PLC

     20,089        332,879  

IMI PLC

     24,958        459,357  

Intertek Group PLC

     6,700        517,849  

Linde PLC

     20,962        5,885,690  

Moneysupermarket.com Group PLC

     59,191        217,721  

RELX PLC

     130,056        3,263,983  

Rio Tinto PLC

     159,815        12,237,574  

Rotork PLC

     18,707        92,039  

RWS Holdings PLC

     12,917        108,534  

Smith & Nephew PLC

     36,089        686,134  

Spirax-Sarco Engineering PLC

     1,466        230,581  

Spirent Communications PLC

     2,206        7,259  

Unilever PLC

     189,862        10,624,801  
     

 

 

 
Total United Kingdom

 

     48,176,523  
TOTAL COMMON STOCKS
(Cost: $159,627,627)

 

     188,327,559  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%

 

United States – 2.5%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(c)

     
(Cost: $4,742,777)      4,742,777        4,742,777  
TOTAL INVESTMENTS IN SECURITIES – 101.5%
(Cost: $164,370,404)

 

     193,070,336  

Other Assets less Liabilities – (1.5)%

 

     (2,763,137
     

 

 

 
NET ASSETS – 100.0%

 

   $ 190,307,199  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $13,954,577 and the total market value of the collateral held by the Fund was $14,723,048. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $9,980,271.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

        

Investments in Securities

  

Common Stocks

   $ 188,327,559      $      $      $ 188,327,559  

Investment of Cash Collateral for Securities Loaned

            4,742,777               4,742,777  

Total Investments in Securities

   $ 188,327,559      $ 4,742,777      $      $ 193,070,336  

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Schedule of Investments

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%

 

Australia – 13.1%

 

Accent Group Ltd.

     1,716,217      $ 2,941,103  

Adairs Ltd.

     431,652        1,249,317  

Adbri Ltd.

     1,269,734        3,365,483  

ARB Corp., Ltd.

     85,701        2,248,695  

Asaleo Care Ltd.

     1,148,846        1,225,026  

AUB Group Ltd.

     182,058        2,670,678  

Aurelia Metals Ltd.

     912,717        257,213  

Austal Ltd.

     590,655        1,007,714  

Australian Finance Group Ltd.(a)

     709,342        1,420,911  

Baby Bunting Group Ltd.

     287,943        1,219,374  

Bapcor Ltd.

     386,106        2,202,642  

Beach Energy Ltd.

     2,063,295        2,695,137  

Beacon Lighting Group Ltd.

     478,111        646,372  

Bega Cheese Ltd.

     248,912        1,203,857  

Bell Financial Group Ltd.

     1,253,450        1,708,895  

Bingo Industries Ltd.(a)

     565,471        1,300,687  

Bravura Solutions Ltd.(a)

     517,960        1,005,986  

Brickworks Ltd.

     284,887        4,521,950  

Capitol Health Ltd.

     2,409,794        633,220  

Cedar Woods Properties Ltd.

     179,870        924,736  

Centuria Capital Group

     1,122,827        2,120,899  

Codan Ltd.

     252,664        2,971,297  

Collins Foods Ltd.

     137,619        1,091,150  

Costa Group Holdings Ltd.

     391,645        1,410,942  

Cromwell Property Group

     12,647,573        7,947,245  

Dicker Data Ltd.

     325,477        2,521,139  

Elders Ltd.

     205,003        1,940,827  

Growthpoint Properties Australia Ltd.

     2,763,417        7,303,505  

GUD Holdings Ltd.

     115,363        1,027,156  

GWA Group Ltd.

     657,398        1,432,023  

Hansen Technologies Ltd.

     230,967        955,224  

Home Consortium Ltd.

     365,805        1,225,908  

IGO Ltd.

     861,595        4,121,148  

Infomedia Ltd.(a)

     584,257        667,499  

Ingenia Communities Group

     549,244        2,116,758  

Inghams Group Ltd.(a)

     1,031,935        2,625,151  

Integral Diagnostics Ltd.

     270,074        975,027  

Integrated Research Ltd.

     285,777        504,976  

Invocare Ltd.(a)

     168,095        1,435,211  

IPH Ltd.

     508,191        2,562,362  

IRESS Ltd.

     486,205        3,399,520  

Johns Lyng Group Ltd.

     292,177        858,991  

Jumbo Interactive Ltd.(a)

     115,316        1,113,690  

Kogan.com Ltd.(a)

     82,693        755,797  

MACA Ltd.

     991,196        773,818  

Macmahon Holdings Ltd.(a)

     4,865,406        741,147  

McPherson’s Ltd.(a)

     484,568        529,617  

Metcash Ltd.(a)

     2,262,093        6,340,357  

Moelis Australia Ltd.

     236,774        912,515  

Monadelphous Group Ltd.

     190,336        1,507,682  

Monash IVF Group Ltd.

     1,247,286        750,496  

Money3 Corp. Ltd.

     401,550        886,938  

NIB Holdings Ltd.

     842,902      3,357,641  

Nick Scali Ltd.

     258,450        1,962,579  

Nickel Mines Ltd.

     1,900,781        1,773,469  

Nine Entertainment Co. Holdings Ltd.

     3,214,069        6,780,948  

NRW Holdings Ltd.

     712,058        1,065,696  

Omni Bridgeway Ltd.

     283,404        757,650  

Orora Ltd.

     2,802,859        6,489,785  

Pacific Current Group Ltd.

     204,240        843,132  

Pact Group Holdings Ltd.

     314,470        843,097  

Peet Ltd.

     512,507        448,904  

Pendal Group Ltd.

     1,065,027        5,272,656  

Perenti Global Ltd.

     2,520,844        1,948,801  

Perpetual Ltd.

     158,937        3,993,584  

Pinnacle Investment Management Group Ltd.

     330,102        2,318,113  

Platinum Asset Management Ltd.(a)

     2,601,066        9,905,510  

Premier Investments Ltd.

     267,241        5,298,253  

Pro Medicus Ltd.(a)

     22,018        693,105  

Ramelius Resources Ltd.

     670,682        753,467  

Redcape Hotel Group

     1,541,010        1,161,973  

Regis Resources Ltd.

     1,041,593        2,300,655  

Reliance Worldwide Corp., Ltd.

     761,404        2,603,856  

Resimac Group Ltd.(a)

     561,954        924,506  

Sandfire Resources Ltd.

     454,033        1,846,648  

SeaLink Travel Group Ltd.

     190,596        1,331,185  

Select Harvests Ltd.(a)

     272,525        1,297,304  

Service Stream Ltd.(a)

     1,028,094        833,946  

SmartGroup Corp., Ltd.

     512,593        2,471,336  

St Barbara Ltd.

     1,151,485        1,723,361  

Steadfast Group Ltd.

     1,325,860        3,847,495  

Super Retail Group Ltd.(a)

     217,928        1,953,642  

Tassal Group Ltd.(a)

     420,626        1,070,035  

Technology One Ltd.(a)

     372,499        2,649,888  

Viva Energy Group Ltd.(b)

     2,282,724        2,920,910  
     

 

 

 
Total Australia

 

     183,418,141  
Austria – 1.4%

 

AT&S Austria Technologie & Systemtechnik AG

     39,707        1,428,029  

Oesterreichische Post AG(a)

     245,450        10,760,201  

Schoeller-Bleckmann Oilfield Equipment AG

     55,700        2,504,005  

UNIQA Insurance Group AG

     692,339        5,207,716  
     

 

 

 
Total Austria

 

     19,899,951  
Belgium – 2.2%

 

Barco N.V.

     154,262        3,627,894  

Bekaert S.A.

     64,183        2,691,494  

Euronav N.V.(a)

     1,731,170        15,880,390  

Fagron

     26,243        583,865  

Intervest Offices & Warehouses N.V.

     84,091        2,090,299  

Orange Belgium S.A.

     125,469        3,376,917  

Recticel S.A.

     98,451        1,437,111  

Xior Student Housing N.V.

     17,642        943,426  
     

 

 

 
Total Belgium

 

     30,631,396  
China – 4.0%

 

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     1,419,000        1,938,373  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares      Value  

China Overseas Grand Oceans Group Ltd.

     11,590,900      $ 7,573,754  

China Power International Development Ltd.

     43,690,800        10,171,825  

China South City Holdings Ltd.

     18,258,200        2,019,699  

China Tobacco International HK Co., Ltd.(a)

     397,000        1,031,507  

CITIC Telecom International Holdings Ltd.

     7,882,822        2,788,334  

CPMC Holdings Ltd.(a)

     5,005,009        2,832,617  

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

     5,480,700        4,497,664  

Poly Property Group Co., Ltd.

     14,951,600        4,404,063  

Shanghai Industrial Holdings Ltd.

     3,781,000        5,641,505  

Shougang Fushan Resources Group Ltd.

     13,915,612        3,454,538  

Yanlord Land Group Ltd.

     8,005,400        7,388,133  

Zensun Enterprises Ltd.(a)

     41,580,000        2,540,437  
     

 

 

 
Total China

 

     56,282,449  
Denmark – 1.8%

 

Cementir Holding N.V.

     146,254        1,504,057  

Chemometec A/S

     36,598        3,475,912  

D/S Norden A/S

     105,224        2,444,382  

NNIT A/S(b)

     72,280        1,215,337  

Per Aarsleff Holding A/S

     45,382        1,975,797  

Ringkjoebing Landbobank A/S

     40,726        3,990,253  

Scandinavian Tobacco Group A/S, Class A(b)

     528,983        10,173,473  
     

 

 

 
Total Denmark

 

     24,779,211  
Finland – 4.1%

 

Altia Oyj(a)

     79,668        996,263  

Cargotec Oyj, Class B(a)

     133,141        7,213,753  

Fiskars Oyj Abp

     94,402        1,759,677  

Kamux Corp.

     51,739        795,379  

Kemira Oyj

     344,331        5,297,419  

Lassila & Tikanoja Oyj(a)

     79,418        1,304,892  

Neles Oyj

     1,027,379        13,076,986  

Oriola Oyj, Class B(a)

     401,590        967,576  

Raisio Oyj, Class V

     216,153        994,584  

Revenio Group Oyj

     20,545        1,221,814  

Rovio Entertainment Oyj(a)(b)

     120,172        937,115  

Sanoma Oyj

     200,931        3,381,727  

Talenom Oyj(a)

     55,357        696,153  

Terveystalo Oyj(b)

     146,629        2,040,423  

Tikkurila Oyj

     112,010        4,456,193  

Tokmanni Group Corp.

     84,875        1,995,071  

Uponor Oyj

     208,966        4,646,707  

Verkkokauppa.com Oyj

     172,249        1,785,557  

YIT Oyj(a)

     737,497        3,929,980  
     

 

 

 
Total Finland

 

     57,497,269  
France – 3.1%

 

ABC Arbitrage

     173,874        1,481,567  

Albioma S.A.

     52,343        2,571,482  

Chargeurs S.A.

     45,972        1,248,113  

Derichebourg S.A.*

     510,885        4,188,089  

IPSOS

     64,242        2,431,215  

Kaufman & Broad S.A.

     54,171        2,346,134  

Nexity S.A.

     289,956        14,340,238  

Quadient S.A.

     70,774        1,705,203  

Societe BIC S.A.

     166,512      9,769,417  

Vicat S.A.

     69,068        3,360,669  
     

 

 

 
Total France

 

     43,442,127  
Germany – 3.1%

 

Bilfinger SE

     24,910        912,848  

CANCOM SE

     33,605        1,940,830  

CropEnergies AG

     198,868        2,790,730  

DIC Asset AG

     318,379        5,530,538  

Duerr AG

     128,532        5,362,757  

Eckert & Ziegler Strahlen- und Medizintechnik AG

     13,868        1,109,151  

Elmos Semiconductor SE

     34,940        1,470,126  

GFT Technologies SE

     60,674        1,128,126  

GRENKE AG(a)

     67,548        2,564,269  

Hamborner REIT AG

     291,163        3,084,966  

Hamburger Hafen und Logistik AG

     197,614        4,384,986  

Hornbach Baumarkt AG

     55,649        2,344,742  

Hornbach Holding AG & Co. KGaA

     25,691        2,512,192  

Krones AG

     31,056        2,525,807  

MLP SE

     179,160        1,480,283  

STRATEC SE

     7,185        972,809  

VERBIO Vereinigte BioEnergie AG

     62,056        2,676,692  

Wuestenrot & Wuerttembergische AG

     64,948        1,357,207  
     

 

 

 
Total Germany

 

     44,149,059  
Hong Kong – 1.8%

 

Dah Sing Banking Group Ltd.

     1,601,600        1,812,872  

Dah Sing Financial Holdings Ltd.

     1,221,429        4,021,967  

Guotai Junan International Holdings Ltd.(a)

     33,754,000        6,208,570  

Hutchison Port Holdings Trust

     41,196,700        9,269,258  

Nissin Foods Co., Ltd.(a)

     2,150,000        1,637,158  

Sun Hung Kai & Co., Ltd.

     3,432,000        1,748,126  
     

 

 

 
Total Hong Kong

 

     24,697,951  
Indonesia – 0.2%

 

Bumitama Agri Ltd.(a)

     1,573,100        561,989  

First Resources Ltd.(a)

     2,045,700        2,116,346  
     

 

 

 
Total Indonesia

 

     2,678,335  
Ireland – 0.4%

 

Hibernia REIT PLC

     1,794,804        2,328,813  

Irish Continental Group PLC

     211,898        1,102,018  

Kenmare Resources PLC

     128,215        716,438  

Total Produce PLC

     742,582        1,797,878  
     

 

 

 
Total Ireland

 

     5,945,147  
Israel – 4.2%

 

Altshuler Shaham Provident Funds & Pension Ltd.

     465,013        2,970,215  

Arad Ltd.

     39,938        575,590  

Ashtrom Group Ltd.

     219,431        4,132,386  

Atreyu Capital Markets Ltd.

     72,001        1,069,856  

AudioCodes Ltd.

     16,799        454,294  

Big Shopping Centers Ltd.*

     23,665        2,555,482  

Delek Automotive Systems Ltd.

     275,267        3,367,887  

Delta Galil Industries Ltd.

     35,916        889,741  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares     Value  

Elco Ltd.

     30,780     $ 1,510,063  

Electra Consumer Products 1970 Ltd.

     153,683       6,654,819  

FIBI Holdings Ltd.

     100,120       3,149,485  

Formula Systems 1985 Ltd.

     13,625       1,204,910  

Fox Wizel Ltd.

     17,227       1,967,723  

Freshmarket Ltd.

     292,025       1,301,314  

Hilan Ltd.

     11,028       523,174  

Inrom Construction Industries Ltd.

     206,387       1,021,816  

Isracard Ltd.

     479,671       1,651,310  

Israel Canada T.R Ltd.

     340,639       970,423  

Israel Land Development—Urban Renewal Ltd.

     82,990       926,287  

Magic Software Enterprises Ltd.

     65,345       1,017,005  

Matrix IT Ltd.

     100,868       2,420,445  

Maytronics Ltd.

     106,808       1,943,865  

Mega Or Holdings Ltd.

     44,183       1,305,603  

Mehadrin Ltd.*

      1       39  

Menora Mivtachim Holdings Ltd.

     71,003       1,475,547  

Mivne Real Estate KD Ltd.

     776,286       1,911,674  

Oil Refineries Ltd.*

     17,156,801       3,992,466  

OPC Energy Ltd.*

     334,770       3,418,274  

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     28,547       1,858,504  

Shufersal Ltd.

     187,712       1,546,864  

YD More Investments Ltd.

     254,156       990,802  
    

 

 

 
Total Israel

 

    58,777,863  
Italy – 3.1%

 

Anima Holding SpA(b)

     1,400,343       7,228,452  

Ascopiave SpA

     311,765       1,430,859  

Carel Industries SpA(b)

     46,805       954,972  

Danieli & C. Officine Meccaniche SpA

     32,314       814,642  

Danieli & C. Officine Meccaniche SpA, RSP

     51,848       795,836  

Datalogic SpA(a)

     115,294       2,360,497  

Enav SpA(b)

     2,231,113       10,876,993  

Falck Renewables SpA

     263,375       1,889,769  

Fiera Milano SpA(a)

     342,215       1,393,641  

Immobiliare Grande Distribuzione SIIQ SpA

     644,904       2,686,952  

La Doria SpA

     38,396       812,282  

Piaggio & C. SpA

     1,147,347       4,363,669  

RAI Way SpA(b)

     738,338       4,173,965  

SOL SpA(a)

     132,056       2,599,689  

Zignago Vetro SpA

     88,915       1,692,928  
    

 

 

 
Total Italy

 

    44,075,146  
Japan – 24.9%

 

77 Bank Ltd. (The)

     50,800       717,636  

Adastria Co., Ltd.

     22,900       420,490  

ADEKA Corp.

     45,901       902,235  

Aeon Delight Co., Ltd.

     28,500       831,787  

AEON Financial Service Co., Ltd.

     183,000       2,459,321  

Ai Holdings Corp.

     33,800       670,800  

Aica Kogyo Co., Ltd.

     38,400       1,386,570  

Aichi Bank Ltd. (The)

     15,900       434,552  

Airport Facilities Co., Ltd.

     82,300       437,195  

Akita Bank Ltd. (The)

     32,200      426,905  

Alinco, Inc.(a)

     51,600        459,964  

Altech Corp.

     34,600        686,051  

Amano Corp.

     46,400        1,128,717  

Anest Iwata Corp.

     47,100        440,310  

Aoyama Zaisan Networks Co., Ltd.(a)

     23,300        337,376  

Arakawa Chemical Industries Ltd.

     33,600        401,376  

Arata Corp.

     8,500        377,308  

Arcs Co., Ltd.

     31,700        685,925  

Ariake Japan Co., Ltd.

     9,500        576,878  

ARTERIA Networks Corp.(a)

     56,100        833,631  

Aruhi Corp.(a)

     20,700        338,131  

Asahi Holdings, Inc.(a)

     92,600        1,774,903  

Asahi Yukizai Corp.

     35,900        487,330  

Asante, Inc.

     23,100        375,662  

Asanuma Corp.(a)

     16,900        685,176  

Asia Pile Holdings Corp.

     96,200        464,894  

ASKUL Corp.

     16,200        620,145  

Autobacs Seven Co., Ltd.

     82,503        1,119,950  

Avex, Inc.(a)

     61,700        763,293  

Axial Retailing, Inc.(a)

     16,400        714,624  

Bando Chemical Industries Ltd.

     70,500        477,231  

Bank of Iwate Ltd. (The)

     17,500        378,348  

Bank of Saga Ltd. (The)

     42,700        570,364  

Bank of the Ryukyus Ltd.

     54,200        382,588  

Baroque Japan Ltd.(a)

     73,200        521,343  

BayCurrent Consulting, Inc.

     3,100        708,371  

Belc Co., Ltd.

     10,600        591,873  

Bell System24 Holdings, Inc.

     44,600        763,245  

Belluna Co., Ltd.

     42,700        501,580  

BeNEXT Group, Inc.(a)

     103,995        1,657,332  

Bic Camera, Inc.

     66,300        744,000  

Broadleaf Co., Ltd.

     73,300        360,198  

Bunka Shutter Co., Ltd.

     86,600        826,031  

C.I. Takiron Corp.

     170,800        1,049,531  

Canon Electronics, Inc.

     47,800        744,901  

Central Glass Co., Ltd.

     35,600        759,037  

Chiyoda Co., Ltd.

     67,900        608,949  

Chori Co., Ltd.

     25,900        394,946  

Chugoku Bank Ltd. (The)

     96,400        815,692  

Chugoku Marine Paints Ltd.

     76,400        687,946  

COLOPL, Inc.(a)

     45,700        344,921  

Computer Engineering & Consulting Ltd.

     21,900        284,799  

CONEXIO Corp.

     67,300        845,361  

Cosmo Energy Holdings Co., Ltd.(a)

     85,600        2,042,780  

Create SD Holdings Co., Ltd.

     26,500        863,348  

Credit Saison Co., Ltd.(a)

     130,900        1,573,169  

Dai-Dan Co., Ltd.

     26,500        710,584  

Daibiru Corp.(a)

     55,500        716,729  

Daicel Corp.(a)

     277,500        2,139,638  

Daido Metal Co., Ltd.

     95,600        508,713  

Daido Steel Co., Ltd.(a)

     19,491        901,349  

Daihen Corp.

     19,100        840,919  

Daiken Corp.

     27,600        550,501  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Daiki Aluminium Industry Co., Ltd.

     72,400      $ 702,378  

Daikyonishikawa Corp.(a)

     94,500        661,928  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     19,400        433,823  

Daio Paper Corp.

     51,400        883,336  

Daiseki Co., Ltd.

     24,500        889,095  

Daishi Hokuetsu Financial Group, Inc.

     55,440        1,309,488  

Daiwabo Holdings Co., Ltd.

     71,500        1,088,353  

DCM Holdings Co., Ltd.

     96,400        1,010,237  

Dexerials Corp.

     63,700        1,090,682  

DIC Corp.

     66,100        1,715,011  

Digital Garage, Inc.

     10,700        436,231  

DMG Mori Co., Ltd.

     68,600        1,126,157  

Doshisha Co., Ltd.

     35,300        597,704  

Dowa Holdings Co., Ltd.

     33,100        1,379,416  

DTS Corp.

     30,200        690,364  

Earth Corp.

     11,800        711,204  

EDION Corp.(a)

     95,000        1,065,204  

Ehime Bank Ltd. (The)

     29,500        273,643  

Eizo Corp.

     16,600        627,195  

Elecom Co., Ltd.

     37,800        840,152  

Elematec Corp.

     24,100        222,025  

en-japan, Inc.

     32,500        1,004,412  

ES-Con Japan Ltd.

     63,300        449,688  

Exedy Corp.

     51,270        776,242  

FCC Co., Ltd.

     31,300        526,293  

FIDEA Holdings Co., Ltd.

     408,100        505,970  

FJ Next Co., Ltd.(a)

     55,500        563,538  

France Bed Holdings Co., Ltd.

     52,000        456,000  

Fujibo Holdings, Inc.

     12,900        466,968  

Fujimi, Inc.

     24,741        966,130  

Fujitec Co., Ltd.

     58,000        1,237,683  

FULLCAST Holdings Co., Ltd.

     26,300        475,542  

Funai Soken Holdings, Inc.

     23,700        460,273  

Furukawa Co., Ltd.

     57,900        700,040  

Furukawa Electric Co., Ltd.(a)

     43,400        1,166,498  

Furyu Corp.

     27,700        269,730  

Fuso Chemical Co., Ltd.

     18,400        676,887  

Future Corp.(a)

     23,600        427,149  

Fuyo General Lease Co., Ltd.

     19,000        1,310,226  

G-7 Holdings, Inc.

     20,100        480,035  

G-Tekt Corp.

     46,800        636,565  

Gecoss Corp.

     60,600        528,125  

Giken Ltd.

     18,200        821,882  

Glory Ltd.

     43,077        927,812  

GMO Financial Holdings, Inc.(a)

     162,300        1,335,119  

Godo Steel Ltd.

     41,200        810,577  

Goldcrest Co., Ltd.(a)

     52,100        799,653  

GS Yuasa Corp.(a)

     49,500        1,343,891  

GungHo Online Entertainment, Inc.

     20,600        407,526  

Gunma Bank Ltd. (The)

     330,100        1,185,970  

H.U. Group Holdings, Inc.(a)

     34,300        1,153,163  

Hachijuni Bank Ltd. (The)

     353,500        1,289,235  

Hakuto Co., Ltd.

     38,400        444,814  

Hazama Ando Corp.

     173,400      1,332,277  

Heiwa Corp.(a)

     91,019        1,488,428  

Heiwa Real Estate Co., Ltd.

     25,800        806,688  

Hiday Hidaka Corp.(a)

     27,000        439,086  

Hinokiya Group Co., Ltd.(a)

     24,400        554,686  

Hitachi Zosen Corp.(a)

     180,700        1,463,588  

Hokkan Holdings Ltd.

     28,600        378,400  

Hokkoku Bank Ltd. (The)

     15,400        393,432  

Hokuetsu Corp.

     188,300        882,710  

Hokuetsu Industries Co., Ltd.(a)

     35,800        351,196  

Hokuhoku Financial Group, Inc.

     102,600        955,434  

Hokuriku Electric Power Co.

     125,400        859,075  

Hokuto Corp.

     34,000        642,154  

Horiba Ltd.

     19,500        1,231,765  

Ichibanya Co., Ltd.

     16,300        711,005  

Ichigo, Inc.

     268,000        793,086  

Ichinen Holdings Co., Ltd.(a)

     31,400        383,336  

Iino Kaiun Kaisha Ltd.

     169,700        813,946  

Inaba Denki Sangyo Co., Ltd.

     49,500        1,195,167  

Inabata & Co., Ltd.

     64,400        966,291  

Ines Corp.

     29,600        356,004  

Infocom Corp.

     15,600        397,271  

Information Services International-Dentsu Ltd.

     26,600        942,434  

Internet Initiative Japan, Inc.(a)

     25,000        587,783  

IR Japan Holdings Ltd.(a)

     3,800        459,783  

Iriso Electronics Co., Ltd.(a)

     10,500        468,937  

Iseki & Co., Ltd.*(a)

     24,900        371,585  

Itfor, Inc.

     47,500        356,787  

Itochu Enex Co., Ltd.

     166,101        1,641,469  

Itoham Yonekyu Holdings, Inc.

     215,900        1,424,354  

IwaiCosmo Holdings, Inc.(a)

     57,900        925,876  

Iwatani Corp.

     22,000        1,359,819  

JAC Recruitment Co., Ltd.

     58,100        917,507  

Jaccs Co., Ltd.

     39,600        813,144  

Japan Aviation Electronics Industry Ltd.

     41,000        664,163  

Japan Lifeline Co., Ltd.

     45,000        570,543  

Japan Material Co., Ltd.

     38,100        451,683  

Japan Steel Works Ltd. (The)

     24,400        580,080  

Japan Wool Textile Co., Ltd. (The)(a)

     80,700        752,226  

JBCC Holdings, Inc.

     27,200        364,800  

JDC Corp.(a)

     118,600        660,081  

Jeol Ltd.

     14,000        556,199  

JM Holdings Co., Ltd.

     19,500        401,471  

Joyful Honda Co., Ltd.

     58,000        753,213  

Juki Corp.

     83,800        674,950  

Juroku Bank Ltd. (The)

     35,900        717,675  

Kadokawa Corp.

     21,000        816,244  

Kaken Pharmaceutical Co., Ltd.(a)

     47,900        1,879,154  

Kamei Corp.

     40,400        454,089  

Kandenko Co., Ltd.

     219,600        1,929,698  

Kaneka Corp.

     46,100        1,898,235  

Kanematsu Corp.

     116,400        1,565,343  

Kanematsu Electronics Ltd.

     27,700        935,032  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Katitas Co., Ltd.

     21,500      $ 601,222  

Kato Sangyo Co., Ltd.

     24,100        779,706  

Keihanshin Building Co., Ltd.

     30,800        415,033  

Keiyo Bank Ltd. (The)

     135,900        563,278  

KFC Holdings Japan Ltd.(a)

     17,100        459,456  

KH Neochem Co., Ltd.

     20,400        516,554  

King Jim Co., Ltd.

     43,000        370,072  

Kintetsu World Express, Inc.

     29,700        772,200  

Kiyo Bank Ltd. (The)

     35,900        538,338  

Kohnan Shoji Co., Ltd.

     19,400        559,176  

Kokuyo Co., Ltd.

     76,200        1,181,962  

KOMEDA Holdings Co., Ltd.(a)

     32,000        583,529  

Komeri Co., Ltd.

     22,000        614,208  

Kondotec, Inc.

     44,700        432,437  

Kotobuki Spirits Co., Ltd.(a)

     7,400        481,502  

Krosaki Harima Corp.

     18,000        797,376  

Kumagai Gumi Co., Ltd.

     46,700        1,269,986  

Kurabo Industries Ltd.

     21,095        366,156  

Kureha Corp.

     19,500        1,348,235  

Kyoei Steel Ltd.

     56,400        847,276  

KYORIN Holdings, Inc.(a)

     74,190        1,294,464  

Kyoritsu Maintenance Co., Ltd.(a)

     12,100        401,326  

Kyosan Electric Manufacturing Co., Ltd.(a)

     98,500        367,258  

Kyudenko Corp.

     47,500        1,818,326  

Kyushu Financial Group, Inc.(a)

     216,600        931,086  

Life Corp.

     19,000        580,317  

Lintec Corp.

     77,130        1,747,815  

Macnica Fuji Electronics Holdings, Inc.

     55,000        1,099,502  

Maeda Road Construction Co., Ltd.(a)

     96,500        1,871,489  

Mandom Corp.

     38,300        723,714  

Maruichi Steel Tube Ltd.

     56,900        1,300,204  

Maruzen Showa Unyu Co., Ltd.

     19,500        572,647  

Marvelous, Inc.

     64,100        499,458  

Matsuda Sangyo Co., Ltd.

     27,200        501,169  

Matsui Securities Co., Ltd.(a)

     200,940        1,638,434  

Maxvalu Tokai Co., Ltd.

     25,500        598,615  

MCJ Co., Ltd.

     84,900        739,898  

Megmilk Snow Brand Co., Ltd.

     28,200        573,953  

Meiko Network Japan Co., Ltd.(a)

     61,000        329,566  

Meisei Industrial Co., Ltd.

     61,000        427,828  

Meitec Corp.

     30,500        1,686,471  

METAWATER Co., Ltd.

     32,300        647,462  

Milbon Co., Ltd.

     11,200        615,240  

Mimasu Semiconductor Industry Co., Ltd.

     19,500        481,588  

Mirait Holdings Corp.

     64,800        1,071,399  

Mitsubishi Logisnext Co., Ltd.(a)

     38,700        453,893  

Mitsubishi Pencil Co., Ltd.

     41,400        598,708  

Mitsubishi Research Institute, Inc.

     17,400        648,760  

Mitsubishi Shokuhin Co., Ltd.

     25,800        722,633  

Mitsui Mining & Smelting Co., Ltd.(a)

     27,264        947,455  

Mitsui OSK Lines Ltd.(a)

     44,400        1,557,014  

Miyazaki Bank Ltd. (The)

     19,300        408,182  

Mizuho Leasing Co., Ltd.

     30,000        902,715  

Mizuno Corp.

     25,100        493,823  

Mochida Pharmaceutical Co., Ltd.

     19,300      749,294  

Morinaga & Co., Ltd.

     21,700        776,683  

Moriroku Holdings Co., Ltd.(a)

     21,700        443,426  

Morita Holdings Corp.

     36,100        583,807  

Morningstar Japan K.K.

     123,560        534,495  

Musashino Bank Ltd. (The)

     43,645        721,624  

NAC Co., Ltd.(a)

     41,100        354,836  

Nachi-Fujikoshi Corp.

     17,500        762,557  

Nafco Co., Ltd.

     19,000        367,792  

Nagaileben Co., Ltd.

     20,400        505,846  

Nagase & Co., Ltd.(a)

     123,700        1,935,541  

Nakabayashi Co., Ltd.(a)

     64,900        361,208  

Nakanishi, Inc.

     33,100        690,457  

Nanto Bank Ltd. (The)

     34,700        619,262  

Nichias Corp.(a)

     65,200        1,658,027  

Nichiden Corp.(a)

     19,000        376,561  

Nihon Nohyaku Co., Ltd.

     96,700        476,062  

Nihon Parkerizing Co., Ltd.

     78,401        847,866  

Nikko Co., Ltd.

     74,500        492,846  

Nikkon Holdings Co., Ltd.

     53,600        1,078,306  

Nippn Corp.

     42,500        637,308  

Nippon Air Conditioning Services Co., Ltd.

     66,100        446,848  

Nippon Carbon Co., Ltd.

     16,300        685,190  

Nippon Electric Glass Co., Ltd.

     62,500        1,450,792  

Nippon Gas Co., Ltd.

     57,600        1,003,960  

Nippon Kayaku Co., Ltd.

     112,899        1,092,208  

Nippon Paper Industries Co., Ltd.(a)

     86,738        1,040,856  

Nippon Shokubai Co., Ltd.

     22,500        1,290,950  

Nippon Soda Co., Ltd.

     27,500        869,796  

Nippon Steel Trading Corp.

     27,473        1,008,172  

Nippon Suisan Kaisha Ltd.

     152,300        733,245  

Nishi-Nippon Financial Holdings, Inc.

     148,500        1,068,394  

Nishi-Nippon Railroad Co., Ltd.

     21,100        564,640  

Nissan Shatai Co., Ltd.

     55,700        401,242  

Nissha Co., Ltd.

     37,900        469,891  

Nisshin Oillio Group Ltd. (The)

     22,700        670,729  

Nisshinbo Holdings, Inc.

     153,992        1,148,320  

Nissin Corp.

     26,500        348,697  

Nissin Electric Co., Ltd.

     78,000        878,118  

Nitto Boseki Co., Ltd.(a)

     11,200        407,964  

Nitto Kogyo Corp.

     44,400        814,871  

Noevir Holdings Co., Ltd.(a)

     29,800        1,353,810  

Nohmi Bosai Ltd.

     31,300        609,005  

Nojima Corp.

     19,600        498,780  

NOK Corp.

     71,600        972,594  

Nomura Co., Ltd.

     132,900        1,104,092  

Noritake Co., Ltd.

     17,500        562,217  

North Pacific Bank Ltd.(a)

     388,300        1,124,489  

NS United Kaiun Kaisha Ltd.

     35,100        598,765  

NSD Co., Ltd.

     50,200        836,364  

Ogaki Kyoritsu Bank Ltd. (The)

     27,400        552,215  

Ohsho Food Service Corp.(a)

     12,600        663,638  

Oita Bank Ltd. (The)

     19,000        370,371  

Okabe Co., Ltd.

     63,200        446,118  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Okamura Corp.(a)

     101,100      $ 1,186,667  

Oki Electric Industry Co., Ltd.

     96,500        1,004,299  

Okinawa Cellular Telephone Co.

     31,600        1,452,742  

Okinawa Electric Power Co., Inc. (The)

     65,200        915,160  

OKUMA Corp.

     13,600        781,538  

Okumura Corp.

     50,900        1,355,184  

Onoken Co., Ltd.

     50,800        635,345  

Onward Holdings Co., Ltd.

     404,700        1,142,682  

Optorun Co., Ltd.

     26,400        655,341  

Organo Corp.

     9,600        576,869  

Orient Corp.(a)

     901,800        1,256,807  

Osaka Soda Co., Ltd.

     26,500        632,403  

OSG Corp.

     52,700        940,015  

Outsourcing, Inc.

     57,900        934,784  

Pack Corp. (The)

     15,500        423,620  

PAL GROUP Holdings Co., Ltd.

     54,300        751,846  

Paramount Bed Holdings Co., Ltd.

     36,400        775,106  

Penta-Ocean Construction Co., Ltd.

     295,500        2,323,887  

Pilot Corp.

     19,000        606,968  

Pressance Corp.(a)

     28,809        440,348  

Prima Meat Packers Ltd.

     33,200        1,048,579  

PS Mitsubishi Construction Co., Ltd.

     69,900        425,726  

Quick Co., Ltd.(a)

     36,000        401,701  

Raito Kogyo Co., Ltd.

     55,100        937,448  

Raiznext Corp.(a)

     75,000        811,765  

Raysum Co., Ltd.(a)

     57,900        472,632  

Relia, Inc.

     73,100        946,662  

Rengo Co., Ltd.

     213,000        1,852,425  

Resorttrust, Inc.

     45,600        762,614  

Restar Holdings Corp.

     38,600        712,615  

Ricoh Leasing Co., Ltd.(a)

     22,500        706,561  

Riken Corp.(a)

     18,400        416,290  

Riken Keiki Co., Ltd.

     19,500        486,176  

Riken Technos Corp.

     83,900        391,786  

Riken Vitamin Co., Ltd.

     31,000        382,941  

Ryoden Corp.(a)

     37,600        561,108  

Saibu Gas Co., Ltd.

     22,800        654,081  

Sakai Chemical Industry Co., Ltd.

     18,800        357,795  

SAMTY Co., Ltd.(a)

     41,600        763,482  

San ju San Financial Group, Inc.(a)

     42,900        540,424  

San-Ai Oil Co., Ltd.

     46,300        550,153  

San-In Godo Bank Ltd. (The)

     128,687        653,334  

Sangetsu Corp.

     58,000        880,235  

Sanki Engineering Co., Ltd.

     159,500        2,097,317  

Sankyo Co., Ltd.

     73,300        1,945,601  

Sanshin Electronics Co., Ltd.

     30,900        560,674  

Sanwa Holdings Corp.

     192,400        2,522,965  

Sanyo Chemical Industries Ltd.

     22,000        1,114,932  

Sanyo Trading Co., Ltd.

     44,200        461,200  

Sapporo Holdings Ltd.

     47,200        979,453  

Sawai Pharmaceutical Co., Ltd.

     32,400        1,555,493  

SBS Holdings, Inc.

     19,000        476,118  

Seikitokyu Kogyo Co., Ltd.

     91,000        766,706  

Seiko Holdings Corp.(a)

     54,400        924,062  

Seiren Co., Ltd.(a)

     30,600      538,892  

Sekisui Kasei Co., Ltd.

     69,900        377,017  

Senko Group Holdings Co., Ltd.(a)

     126,300        1,197,850  

Shibaura Machine Co., Ltd.

     37,400        946,000  

Shikoku Bank Ltd. (The)

     62,300        440,892  

Shikoku Electric Power Co., Inc.

     173,600        1,351,095  

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

     23,700        516,038  

Shinagawa Refractories Co., Ltd.

     21,900        571,580  

Shinmaywa Industries Ltd.

     82,600        763,957  

Shinnihon Corp.

     43,700        349,205  

Shinoken Group Co., Ltd.

     63,100        723,509  

Shinwa Co., Ltd.

     26,900        529,480  

Shoei Co., Ltd.

     17,600        726,299  

Showa Sangyo Co., Ltd.(a)

     23,500        660,339  

Siix Corp.

     33,100        488,862  

Sinfonia Technology Co., Ltd.

     34,100        405,805  

SKY Perfect JSAT Holdings, Inc.

     243,800        1,085,517  

Solasto Corp.

     37,000        478,154  

SRA Holdings

     28,700        704,124  

Star Micronics Co., Ltd.(a)

     48,800        728,688  

Starts Corp., Inc.

     41,500        1,091,018  

Sumitomo Bakelite Co., Ltd.

     21,200        868,145  

Sumitomo Densetsu Co., Ltd.

     35,500        773,932  

Sumitomo Mitsui Construction Co., Ltd.

     216,100        975,872  

Sumitomo Osaka Cement Co., Ltd.(a)

     31,900        1,017,624  

Sumitomo Riko Co., Ltd.

     90,500        583,950  

Sumitomo Rubber Industries Ltd.

     166,600        1,967,538  

Systena Corp.

     38,700        774,700  

T-Gaia Corp.

     44,200        766,800  

Taikisha Ltd.

     40,600        1,115,122  

Taiyo Holdings Co., Ltd.

     19,900        1,085,946  

Takamatsu Construction Group Co., Ltd.(a)

     39,200        764,843  

Takamiya Co., Ltd.

     74,100        411,741  

Takaoka Toko Co., Ltd.(a)

     36,100        515,854  

Takara Holdings, Inc.(a)

     80,300        1,095,132  

Takara Standard Co., Ltd.

     47,100        710,549  

Takasago International Corp.

     19,000        452,045  

Takasago Thermal Engineering Co., Ltd.

     66,601        1,039,096  

Takashimaya Co., Ltd.

     105,800        1,130,767  

Takeuchi Manufacturing Co., Ltd.

     23,200        649,810  

Takuma Co., Ltd.

     42,100        913,246  

Tama Home Co., Ltd.

     33,700        669,120  

Tanseisha Co., Ltd.

     80,100        638,625  

Tayca Corp.(a)

     29,200        392,945  

TechnoPro Holdings, Inc.

     17,400        1,451,837  

Teikoku Electric Manufacturing Co., Ltd.

     43,100        515,640  

Tekken Corp.

     21,800        389,835  

TKC Corp.

     33,800        1,076,706  

Toa Corp.

     47,800        416,574  

Tobishima Corp.

     46,200        503,392  

Toho Holdings Co., Ltd.

     29,600        543,783  

Tokai Carbon Co., Ltd.

     136,600        2,209,088  

TOKAI Holdings Corp.

     107,600        930,910  

Tokai Rika Co., Ltd.

     67,222        1,141,253  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Tokai Tokyo Financial Holdings, Inc.

     218,800      $ 801,937  

Tokuyama Corp.

     37,900        957,961  

Tokyo Electron Device Ltd.

     13,700        482,910  

Tokyo Energy & Systems, Inc.

     53,000        439,348  

Tokyo Individualized Educational Institute, Inc.(a)

     82,300        460,284  

Tokyo Kiraboshi Financial Group, Inc.

     42,300        535,928  

Tokyo Ohka Kogyo Co., Ltd.

     18,600        1,164,815  

Tokyo Seimitsu Co., Ltd.

     19,500        889,412  

Tokyo Steel Manufacturing Co., Ltd.(a)

     107,800        826,304  

Tokyotokeiba Co., Ltd.

     11,100        561,529  

Tokyu Construction Co., Ltd.

     173,400        944,677  

Tomoku Co., Ltd.

     26,600        444,858  

Tomy Co., Ltd.

     55,400        503,864  

Toppan Forms Co., Ltd.

     65,100        658,070  

Tosei Corp.

     52,000        526,118  

Totetsu Kogyo Co., Ltd.

     40,300        965,376  

Towa Bank Ltd. (The)

     70,100        436,460  

Toyo Ink SC Holdings Co., Ltd.

     58,900        1,082,587  

Toyo Seikan Group Holdings Ltd.(a)

     62,800        747,917  

Toyobo Co., Ltd.(a)

     52,600        677,850  

TPR Co., Ltd.

     38,800        563,566  

Transcosmos, Inc.

     15,800        426,957  

TS Tech Co., Ltd.

     76,000        1,134,154  

Tsubakimoto Chain Co.

     33,700        930,181  

Tsumura & Co.

     47,101        1,685,832  

Tsuzuki Denki Co., Ltd.

     25,700        385,384  

Ube Industries Ltd.

     99,600        2,125,401  

Ulvac, Inc.

     19,000        800,407  

Valor Holdings Co., Ltd.(a)

     37,600        846,255  

ValueCommerce Co., Ltd.

     14,500        471,086  

Vertex Corp.

     21,900        538,879  

VT Holdings Co., Ltd.

     155,800        628,840  

Wacoal Holdings Corp.

     31,268        694,687  

Wacom Co., Ltd.

     58,100        390,663  

Wakachiku Construction Co., Ltd.(a)

     30,300        376,488  

Weathernews, Inc.

     9,400        448,308  

West Holdings Corp.(a)

     19,251        600,178  

WIN-Partners Co., Ltd.(a)

     38,100        362,726  

World Co., Ltd.*

     32,700        437,381  

Wowow, Inc.

     27,100        689,640  

Xebio Holdings Co., Ltd.

     70,100        593,788  

Yahagi Construction Co., Ltd.

     71,400        542,769  

Yamagata Bank Ltd. (The)(a)

     25,500        262,154  

Yamaguchi Financial Group, Inc.

     185,400        1,234,881  

Yamaichi Electronics Co., Ltd.(a)

     31,200        422,965  

Yamanashi Chuo Bank Ltd. (The)

     51,400        427,481  

Yamazen Corp.

     54,500        513,928  

Yellow Hat Ltd.

     36,400        623,576  

Yokogawa Bridge Holdings Corp.

     35,400        657,062  

Yokohama Rubber Co., Ltd. (The)

     136,400        2,444,091  

Yondoshi Holdings, Inc.(a)

     27,700        482,557  

Yuasa Trading Co., Ltd.

     29,448        831,473  

Yurtec Corp.

     77,400        570,869  

Yushin Precision Equipment Co., Ltd.

     47,900        386,234  

Zenrin Co., Ltd.

     39,700      476,041  

ZERIA Pharmaceutical Co., Ltd.

     38,500        732,719  

Zojirushi Corp.

     22,200        388,751  
     

 

 

 
Total Japan

 

     349,599,318  
Malaysia – 0.2%

 

Frencken Group Ltd.

     1,227,600        1,397,907  

Wing Tai Holdings Ltd.

     690,900        987,294  
     

 

 

 
Total Malaysia

 

     2,385,201  
Netherlands – 1.0%

 

ForFarmers N.V.

     364,074        2,516,028  

TKH Group N.V., CVA

     138,445        6,658,271  

Van Lanschot Kempen N.V.

     152,434        4,272,861  
     

 

 

 
Total Netherlands

 

     13,447,160  
Norway – 3.8%

 

ABG Sundal Collier Holding ASA

     1,523,635        1,588,542  

AF Gruppen ASA(a)

     50,902        1,050,675  

Atea ASA*

     198,923        3,388,264  

Austevoll Seafood ASA

     442,561        5,365,884  

Bonheur ASA

     53,343        1,412,257  

Borregaard ASA

     159,520        3,479,546  

Elkem ASA(b)

     1,071,904        4,671,180  

Europris ASA(b)

     602,883        3,616,020  

Fjordkraft Holding ASA(b)

     359,019        2,931,420  

Kid ASA(b)

     107,745        1,259,666  

Norway Royal Salmon ASA

     34,624        826,626  

Selvaag Bolig ASA

     219,710        1,624,078  

SpareBank 1 Nord Norge

     377,096        3,604,706  

Sparebank 1 Oestlandet

     95,359        1,244,442  

SpareBank 1 SMN

     455,209        5,727,207  

Sparebanken Vest

     163,082        1,495,876  

TGS NOPEC Geophysical Co. ASA

     620,213        9,899,316  
     

 

 

 
Total Norway

 

     53,185,705  
Portugal – 1.5%

 

Altri, SGPS, S.A.(a)

     906,653        6,952,967  

Corticeira Amorim, SGPS, S.A.

     129,935        1,545,451  

REN – Redes Energeticas Nacionais, SGPS, S.A.(a)

     1,495,619        4,183,564  

Semapa-Sociedade de Investimento e Gestao

     115,363        1,599,916  

Sonae, SGPS, S.A.

     7,880,481        7,210,408  
     

 

 

 
Total Portugal

 

     21,492,306  
Singapore – 2.8%

 

AEM Holdings Ltd.

     562,200        1,732,292  

Best World International Ltd. (a)

     786,000        562,181  

China Aviation Oil Singapore Corp., Ltd.

     1,463,800        1,231,091  

CSE Global Ltd.

     2,517,500        974,323  

iFAST Corp., Ltd.

     207,200        948,407  

Japfa Ltd.

     1,965,800        1,338,722  

Keppel Infrastructure Trust

     18,086,882        7,403,829  

Manulife US Real Estate Investment Trust

     6,803,800        4,966,774  

Oxley Holdings Ltd.(a)

     4,633,843        862,206  

Raffles Medical Group Ltd.

     3,289,400        2,741,983  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Riverstone Holdings Ltd.(a)

     1,137,000      $ 1,040,868  

Sembcorp Industries Ltd.

     1,873,000        2,564,990  

Sheng Siong Group Ltd.(a)

     4,115,500        4,717,081  

Singapore Post Ltd.

     4,063,000        2,116,776  

StarHub Ltd.(a)

     4,661,100        4,440,464  

UMS Holdings Ltd.

     2,462,559        2,437,633  
     

 

 

 
Total Singapore

 

     40,079,620  
Spain – 3.2%

 

Almirall S.A.

     231,084        3,511,696  

Cia de Distribucion Integral Logista Holdings S.A.

     421,080        8,363,727  

Cie Automotive S.A.

     342,450        8,983,382  

ContourGlobal PLC(b)

     821,455        2,312,058  

Ercros S.A.

     223,204        670,257  

Euskaltel S.A.(b)

     375,769        4,902,216  

Faes Farma S.A.

     908,144        3,901,132  

Global Dominion Access S.A.*(b)

     234,004        1,183,982  

Grupo Empresarial San Jose S.A.(a)

     117,850        867,067  

Miquel y Costas & Miquel S.A.

     84,511        1,529,616  

Pharma Mar S.A.(a)

     7,169        833,725  

Prosegur Cash S.A.(b)

     4,271,631        3,900,886  

Prosegur Cia de Seguridad S.A.

     1,060,192        3,376,777  
     

 

 

 
Total Spain

 

     44,336,521  
Sweden – 3.0%

 

AcadeMedia AB(b)

     161,619        1,518,603  

Akelius Residential Property AB, Class D(a)

     395,736        689,290  

Alimak Group AB(a)(b)

     52,359        840,983  

Arjo AB, Class B

     228,591        1,705,981  

Atrium Ljungberg AB, Class B(a)

     250,083        4,487,338  

Beijer Alma AB(a)

     101,625        1,858,475  

BioGaia AB, Class B

     12,773        600,820  

Catena AB

     58,054        2,564,252  

CTT Systems AB(a)

     31,863        561,495  

Dustin Group AB(b)

     267,925        2,741,864  

Instalco AB

     52,152        1,911,656  

JM AB(a)

     93,529        3,169,747  

Klovern AB, Class B(a)

     940,667        1,643,628  

Kungsleden AB

     307,906        3,223,435  

Lagercrantz Group AB, Class B

     211,472        1,919,098  

LeoVegas AB(b)

     263,411        1,545,779  

Lindab International AB

     44,015        891,278  

Midsona AB, Class B

     102,745        976,020  

MIPS AB

     16,645        1,193,525  

Mycronic AB

     59,369        1,396,309  

NCC AB, Class B(a)

     70,038        1,184,402  

Platzer Fastigheter Holding AB, Class B(a)

     141,593        1,686,192  

Ratos AB, Class B

     403,714        2,197,285  

Troax Group AB(a)

     39,889        1,112,057  
     

 

 

 
Total Sweden

 

     41,619,512  
Switzerland – 2.1%

 

Bobst Group S.A., Registered Shares

     34,300        2,275,976  

Comet Holding AG, Registered Shares

     6,126        1,412,466  

EFG International AG*(a)

     468,823        3,606,522  

Huber + Suhner AG, Registered Shares

     44,245      3,441,252  

Implenia AG, Registered Shares(a)

     41,973        1,159,537  

Kardex Holding AG, Registered Shares

     19,846        4,065,568  

Kudelski S.A., Bearer Shares(a)

     118,230        548,972  

Mobilezone Holding AG, Registered Shares

     280,799        3,675,762  

Swissquote Group Holding S.A., Registered Shares

     19,390        2,513,499  

Valiant Holding AG, Registered Shares

     51,211        5,354,261  

Zehnder Group AG

     18,133        1,450,794  
     

 

 

 
Total Switzerland

 

     29,504,609  
United Kingdom – 14.0%

 

Aggreko PLC

     174,021        2,105,649  

AJ Bell PLC

     276,064        1,597,815  

Anglo Asian Mining PLC

     448,161        834,743  

Avon Rubber PLC

     16,097        701,806  

Big Yellow Group PLC

     272,061        4,185,294  

Bodycote PLC

     331,987        3,785,722  

Brewin Dolphin Holdings PLC

     1,184,121        5,072,739  

CareTech Holdings PLC

     228,222        1,694,044  

Chemring Group PLC

     369,360        1,355,552  

Chesnara PLC

     414,451        1,629,682  

Clarkson PLC

     67,653        2,566,874  

Clinigen Group PLC

     92,173        986,212  

Clipper Logistics PLC

     212,109        1,732,470  

Close Brothers Group PLC

     327,624        7,010,876  

CLS Holdings PLC

     977,928        3,089,777  

CMC Markets PLC(b)

     1,138,451        7,586,584  

Craneware PLC(a)

     28,081        832,982  

Cranswick PLC

     57,108        2,864,875  

Daily Mail & General Trust PLC, Class A Non-Voting Shares

     294,608        3,690,755  

Devro PLC

     438,882        1,169,876  

Diversified Gas & Oil PLC

     3,849,518        5,895,412  

Drax Group PLC

     1,281,761        7,427,474  

EMIS Group PLC

     176,618        2,680,479  

FDM Group Holdings PLC

     119,920        1,667,773  

Ferrexpo PLC

     4,039,265        20,876,367  

Gamesys Group PLC

     99,111        2,641,884  

Gamma Communications PLC

     56,741        1,283,884  

Great Portland Estates PLC

     331,103        3,105,482  

Helical PLC

     206,617        1,178,763  

Hilton Food Group PLC

     134,537        1,993,567  

IG Design Group PLC

     115,886        943,339  

Impax Asset Management Group PLC

     142,917        1,530,137  

IntegraFin Holdings PLC

     296,219        2,072,076  

iomart Group PLC(a)

     174,028        751,533  

James Fisher & Sons PLC

     44,530        652,472  

John Laing Group PLC(b)

     935,639        4,045,686  

Jupiter Fund Management PLC

     1,950,721        7,498,270  

Learning Technologies Group PLC

     284,693        589,972  

Liontrust Asset Management PLC

     90,067        1,764,570  

Luceco PLC(b)

     204,297        766,683  

Moneysupermarket.com Group PLC

     1,465,918        5,392,059  

NCC Group PLC

     423,328        1,506,890  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

Investments    Shares      Value  

Nichols PLC(a)

     65,372      $ 1,172,519  

Numis Corp. PLC

     255,041        1,326,588  

PayPoint PLC

     449,424        3,658,416  

Polar Capital Holdings PLC

     372,645        3,578,404  

PZ Cussons PLC

     948,778        3,495,109  

QinetiQ Group PLC

     304,343        1,326,891  

RWS Holdings PLC

     250,065        2,101,140  

Sabre Insurance Group PLC(b)

     744,974        2,600,438  

Safestore Holdings PLC

     416,613        4,572,543  

Serica Energy PLC

     493,461        766,613  

Smart Metering Systems PLC

     180,525        2,067,285  

Spirent Communications PLC

     695,508        2,288,629  

Stock Spirits Group PLC

     694,820        2,684,202  

Telecom Plus PLC

     285,179        4,996,962  

TORM PLC

     529,642        4,837,792  

TP ICAP Group PLC

     3,142,720        10,556,022  

Ultra Electronics Holdings PLC

     166,672        4,663,537  

Volex PLC(a)

     185,963        864,652  

Workspace Group PLC

     614,982        6,787,928  

XPS Pensions Group PLC(a)

     721,587        1,219,578  

YouGov PLC

     44,004        608,640  
     

 

 

 
Total United Kingdom

 

     196,932,987  
TOTAL COMMON STOCKS
(Cost: $1,176,741,125)

 

     1,388,856,984  
EXCHANGE-TRADED FUNDS – 0.2%

 

United States – 0.2%

 

WisdomTree Europe SmallCap Dividend Fund(a)(c)

     25,261        1,759,247  

WisdomTree Japan SmallCap Dividend Fund(a)(c)

     18,898      1,441,447  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $2,929,066)

 

     3,200,694  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.9%

 

United States – 3.9%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 0.03%(d)

     
(Cost: $54,671,058)      54,671,058        54,671,058  
TOTAL INVESTMENTS IN SECURITIES – 103.1%
(Cost: $1,234,341,249)

 

     1,446,728,736  

Other Assets less Liabilities – (3.1)%

 

     (43,210,374
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,403,518,362  
* 

Non-income producing security.

 

Share amount represents a fractional share.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $562,181, which represents 0.04% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $117,076,664 and the total market value of the collateral held by the Fund was $124,705,704. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $70,034,646.

 

(b) 

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

 

(c) 

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

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree Europe SmallCap Dividend Fund

  $ 1,368,220     $ 7,820,331     $ 7,988,112     $ 399,249     $ 159,559     $ 1,759,247     $ 51,355  

WisdomTree Japan SmallCap Dividend Fund

    1,110,881       6,721,360       6,649,442       221,083       37,565       1,441,447       42,205  

Total

  $ 2,479,101     $ 14,541,691     $ 14,637,554     $ 620,332     $ 197,124     $ 3,200,694     $ 93,560  

 

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

Bank of Montreal

    4/1/2021       580,000       USD       420,863       GBP     $     $ (665

Goldman Sachs

    4/6/2021       263,425       EUR       34,200,000       JPY       101        

HSBC Holdings PLC

    4/6/2021       91,414       EUR       680,000       DKK             (21

HSBC Holdings PLC

    4/6/2021       224,532       EUR       2,300,000       SEK       19        

Royal Bank of Canada

    4/6/2021       1,500,000       EUR       1,276,080       GBP       2,341        
                                            $ 2,461     $ (686

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Schedule of Investments (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2021

 

 

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2—Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

           

Common Stocks

 

Japan

   $ 348,043,825      $ 1,555,493      $      $ 349,599,318  

Singapore

     39,517,439               562,181 *       40,079,620  

Other

     999,178,046                      999,178,046  

Exchange-Traded Funds

     3,200,694                      3,200,694  

Investment of Cash Collateral for Securities Loaned

            54,671,058               54,671,058  

Total Investments in Securities

   $ 1,389,940,004      $ 56,226,551      $ 562,181      $ 1,446,728,736  

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ 2,461      $      $ 2,461  

Liabilities:

        

Financial Derivative Instruments

           

Foreign Currency Contracts1

   $      $ (686    $      $ (686
Total – Net    $ 1,389,940,004      $ 56,228,326      $ 562,181      $ 1,446,730,511  
* 

Securities are being fair valued using significant unobservable inputs by the Pricing Committee.

 

1 

Amount shown represents the unrealized appreciation (depreciation) on the financial instrument.

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Schedule of Investments

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.4%

 

Japan – 98.4%

 

Air Freight & Logistics – 0.4%

 

Kintetsu World Express, Inc.

     9,800      $ 254,800  

Konoike Transport Co., Ltd.

     11,700        128,012  

Maruwa Unyu Kikan Co., Ltd.(a)

     5,500        96,014  

Mitsui-Soko Holdings Co., Ltd.

     7,800        153,035  

SBS Holdings, Inc.

     5,800        145,341  
     

 

 

 
Total Air Freight & Logistics

 

     777,202  
Auto Components – 5.6%

 

Daido Metal Co., Ltd.

     29,000        154,317  

Daikyonishikawa Corp.(a)

     32,300        226,246  

Eagle Industry Co., Ltd.

     27,900        300,967  

Exedy Corp.

     21,425        324,380  

FCC Co., Ltd.

     11,900        200,092  

Futaba Industrial Co., Ltd.

     17,800        95,524  

G-Tekt Corp.

     17,600        239,392  

JTEKT Corp.

     136,700        1,397,928  

Musashi Seimitsu Industry Co., Ltd.

     8,600        147,017  

NHK Spring Co., Ltd.(a)

     31,600        237,358  

Nifco, Inc.(a)

     23,072        842,493  

Nihon Tokushu Toryo Co., Ltd.

     11,100        108,087  

NOK Corp.

     31,100        422,453  

Pacific Industrial Co., Ltd.

     14,700        169,083  

Riken Corp.(a)

     5,000        113,122  

Shoei Co., Ltd.

     7,000        288,869  

Sumitomo Riko Co., Ltd.

     28,200        181,960  

Sumitomo Rubber Industries Ltd.

     72,200        852,679  

Tokai Rika Co., Ltd.

     27,358        464,467  

Topre Corp.(a)

     14,500        204,837  

Toyo Tire Corp.

     36,600        648,532  

Toyoda Gosei Co., Ltd.(a)

     21,500        565,810  

Toyota Boshoku Corp.(a)

     42,700        707,158  

TPR Co., Ltd.

     13,300        193,181  

TS Tech Co., Ltd.

     32,000        477,539  

Yokohama Rubber Co., Ltd. (The)

     62,400        1,118,118  
     

 

 

 
Total Auto Components

 

     10,681,609  
Automobiles – 0.1%

 

Nissan Shatai Co., Ltd.

     21,700        156,318  
Banks – 7.1%

 

77 Bank Ltd. (The)

     22,300        315,025  

Aichi Bank Ltd. (The)

     3,500        95,656  

Akita Bank Ltd. (The)

     10,100        133,905  

Aomori Bank Ltd. (The)(a)

     3,962        90,534  

Awa Bank Ltd. (The)

     6,475        146,024  

Bank of Iwate Ltd. (The)

     4,700        101,614  

Bank of Nagoya Ltd. (The)(a)

     4,969        141,650  

Bank of Okinawa Ltd. (The)

     4,580        126,416  

Bank of Saga Ltd. (The)(a)

     13,200        176,319  

Bank of the Ryukyus Ltd.

     16,508        116,527  

Chugoku Bank Ltd. (The)

     41,500        351,154  

Chukyo Bank Ltd. (The)

     4,700        74,775  

Daishi Hokuetsu Financial Group, Inc.

     23,055        544,557  

Ehime Bank Ltd. (The)

     10,099      93,679  

FIDEA Holdings Co., Ltd.(a)

     124,800        154,729  

Fukui Bank Ltd. (The)

     6,848        121,467  

Gunma Bank Ltd. (The)

     143,100        514,124  

Hachijuni Bank Ltd. (The)

     157,700        575,141  

Hokkoku Bank Ltd. (The)

     5,462        139,541  

Hokuhoku Financial Group, Inc.

     45,600        424,637  

Hyakugo Bank Ltd. (The)

     66,900        202,214  

Hyakujushi Bank Ltd. (The)

     12,500        191,176  

Iyo Bank Ltd. (The)

     87,600        526,393  

Jimoto Holdings, Inc.(a)

     10,920        78,565  

Juroku Bank Ltd. (The)

     13,100        261,881  

Keiyo Bank Ltd. (The)

     40,442        167,624  

Kiyo Bank Ltd. (The)

     13,290        199,290  

Kyushu Financial Group, Inc.(a)

     99,300        426,855  

Mebuki Financial Group, Inc.

     531,200        1,254,690  

Miyazaki Bank Ltd. (The)

     7,800        164,965  

Musashino Bank Ltd. (The)

     14,800        244,702  

Nanto Bank Ltd. (The)

     13,000        232,000  

Nishi-Nippon Financial Holdings, Inc.(a)

     65,300        469,805  

North Pacific Bank Ltd.(a)

     152,615        441,962  

Ogaki Kyoritsu Bank Ltd. (The)

     8,042        162,077  

Oita Bank Ltd. (The)

     4,600        89,669  

San ju San Financial Group, Inc.

     13,200        166,284  

San-In Godo Bank Ltd. (The)

     52,700        267,554  

Senshu Ikeda Holdings, Inc.

     167,140        269,239  

Seven Bank Ltd.(a)

     697,700        1,597,449  

Shiga Bank Ltd. (The)

     8,184        177,456  

Shikoku Bank Ltd. (The)

     17,500        123,846  

Suruga Bank Ltd.(a)

     28,400        109,745  

Toho Bank Ltd. (The)(a)

     50,200        111,757  

Tokyo Kiraboshi Financial Group, Inc.

     14,900        188,778  

TOMONY Holdings, Inc.

     39,677        116,338  

Towa Bank Ltd. (The)

     23,000        143,204  

Yamagata Bank Ltd. (The)(a)

     8,100        83,272  

Yamaguchi Financial Group, Inc.(a)

     81,400        542,176  

Yamanashi Chuo Bank Ltd. (The)

     14,700        122,256  
     

 

 

 
Total Banks

 

     13,570,696  
Beverages – 0.4%

 

Sapporo Holdings Ltd.

     17,698        367,253  

Takara Holdings, Inc.(a)

     32,711        446,113  
     

 

 

 
Total Beverages

 

     813,366  
Building Products – 2.2%

 

Aica Kogyo Co., Ltd.

     19,615        708,270  

Bunka Shutter Co., Ltd.

     23,600        225,108  

Central Glass Co., Ltd.

     10,286        219,311  

Kondotec, Inc.

     12,000        116,090  

Nichias Corp.(a)

     21,613        549,616  

Nichiha Corp.

     4,500        131,538  

Nihon Flush Co., Ltd.(a)

     7,500        92,240  

Nitto Boseki Co., Ltd.(a)

     3,199        116,525  

Noritz Corp.

     7,500        119,728  

Okabe Co., Ltd.

     15,200        107,294  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

Sanwa Holdings Corp.

     67,766      $ 888,624  

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

     8,200        178,545  

Sinko Industries Ltd.(a)

     10,700        210,901  

Takara Standard Co., Ltd.

     13,331        201,111  

Takasago Thermal Engineering Co., Ltd.

     21,972        342,803  
     

 

 

 
Total Building Products

 

     4,207,704  
Capital Markets – 2.1%

 

GCA Corp.

     23,300        178,598  

GMO Financial Holdings, Inc.(a)

     69,600        572,547  

Ichiyoshi Securities Co., Ltd.(a)

     32,288        179,410  

IwaiCosmo Holdings, Inc.(a)

     20,400        326,215  

Kyokuto Securities Co., Ltd.(a)

     18,100        142,343  

Marusan Securities Co., Ltd.(a)

     30,200        175,734  

Matsui Securities Co., Ltd.(a)

     107,600        877,354  

Monex Group, Inc.(a)

     57,494        485,967  

Morningstar Japan K.K.(a)

     40,644        175,818  

Okasan Securities Group, Inc.(a)

     70,700        288,558  

Sparx Group Co., Ltd.(a)

     81,800        220,601  

Tokai Tokyo Financial Holdings, Inc.

     78,900        289,181  
     

 

 

 
Total Capital Markets

 

     3,912,326  
Chemicals – 9.5%

 

ADEKA Corp.

     45,925        902,707  

Arakawa Chemical Industries Ltd.

     11,200        133,792  

Asahi Yukizai Corp.

     12,600        171,041  

C.I. Takiron Corp.

     45,600        280,203  

Chugoku Marine Paints Ltd.

     32,300        290,846  

Daicel Corp.

     127,500        983,077  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     6,142        137,347  

Denka Co., Ltd.

     28,700        1,148,000  

DIC Corp.

     27,700        718,696  

Fujimi, Inc.

     9,800        382,688  

Fujimori Kogyo Co., Ltd.

     4,200        171,041  

Fuso Chemical Co., Ltd.

     6,600        242,796  

JCU Corp.

     3,900        147,176  

JSP Corp.(a)

     10,423        175,446  

Kaneka Corp.(a)

     19,300        794,706  

KH Neochem Co., Ltd.

     7,900        200,038  

Koatsu Gas Kogyo Co., Ltd.

     14,000        93,122  

Konishi Co., Ltd.

     7,800        126,706  

Kumiai Chemical Industry Co., Ltd.(a)

     15,124        137,416  

Kureha Corp.

     7,564        522,977  

Lintec Corp.

     33,565        760,604  

Moriroku Holdings Co., Ltd.

     7,500        153,258  

Nihon Nohyaku Co., Ltd.

     28,200        138,831  

Nihon Parkerizing Co., Ltd.

     28,100        303,887  

Nippon Kayaku Co., Ltd.

     48,900        473,069  

Nippon Pillar Packing Co., Ltd.(a)

     10,800        182,183  

Nippon Shokubai Co., Ltd.

     10,000        573,756  

Nippon Soda Co., Ltd.

     10,618        335,836  

Okamoto Industries, Inc.

     3,787        144,112  

Osaka Organic Chemical Industry Ltd.(a)

     5,000        167,873  

Osaka Soda Co., Ltd.

     9,100        217,165  

Sakata INX Corp.

     15,900      153,100  

Sanyo Chemical Industries Ltd.

     9,335        473,086  

Sekisui Kasei Co., Ltd.

     22,900        123,515  

Shikoku Chemicals Corp.

     13,300        152,258  

Shin-Etsu Polymer Co., Ltd.

     22,400        201,093  

Sumitomo Bakelite Co., Ltd.

     8,318        340,624  

Sumitomo Seika Chemicals Co., Ltd.

     6,400        233,991  

T Hasegawa Co., Ltd.

     10,900        208,629  

Taiyo Holdings Co., Ltd.

     8,791        479,726  

Takasago International Corp.

     5,500        130,855  

Tayca Corp.(a)

     8,300        111,693  

Tokai Carbon Co., Ltd.

     61,700        997,809  

Tokuyama Corp.

     17,300        437,275  

Tokyo Ohka Kogyo Co., Ltd.

     7,000        438,371  

Toyo Ink SC Holdings Co., Ltd.

     24,102        442,997  

Toyobo Co., Ltd.(a)

     21,853        281,617  

Ube Industries Ltd.

     45,193        964,390  

Valqua Ltd.

     11,137        214,778  

Zeon Corp.

     33,100        529,899  
     

 

 

 
Total Chemicals

 

     18,126,101  
Commercial Services & Supplies – 1.7%

 

Aeon Delight Co., Ltd.

     8,700        253,914  

Bell System24 Holdings, Inc.

     14,500        248,140  

Daiseki Co., Ltd.

     8,507        308,716  

Kokuyo Co., Ltd.

     24,503        380,074  

Mitsubishi Pencil Co., Ltd.

     11,900        172,092  

Nippon Air Conditioning Services Co., Ltd.

     20,900        141,288  

Nippon Kanzai Co., Ltd.(a)

     7,500        147,964  

Nippon Parking Development Co., Ltd.

     108,700        150,508  

Okamura Corp.(a)

     33,076        388,231  

Pilot Corp.

     2,500        79,864  

Relia, Inc.

     23,700        306,920  

Sato Holdings Corp.

     9,438        246,242  

Takara & Co. Ltd.(a)

     2,800        46,751  

Takeei Corp.(a)

     4,900        57,204  

Toppan Forms Co., Ltd.

     20,700        209,248  
     

 

 

 
Total Commercial Services & Supplies

 

     3,137,156  
Construction & Engineering – 6.6%

 

Asanuma Corp.(a)

     4,800        194,606  

Dai-Dan Co., Ltd.

     8,300        222,560  

Daiho Corp.

     3,800        133,258  

Fudo Tetra Corp.

     8,400        146,411  

Hazama Ando Corp.

     59,200        454,849  

JDC Corp.(a)

     37,200        207,041  

JGC Holdings Corp.

     23,400        287,153  

Kandenko Co., Ltd.

     69,238        608,417  

Kumagai Gumi Co., Ltd.

     14,700        399,760  

Kyudenko Corp.

     16,590        635,074  

Maeda Corp.(a)

     34,687        300,098  

Maeda Road Construction Co., Ltd.(a)

     32,994        639,875  

Meisei Industrial Co., Ltd.

     17,800        124,842  

Mirait Holdings Corp.

     18,000        297,611  

Nippon Densetsu Kogyo Co., Ltd.

     8,400        147,247  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

Nippon Koei Co., Ltd.

     3,400      $ 96,615  

Nishimatsu Construction Co., Ltd.(a)

     18,807        477,919  

Nittoc Construction Co., Ltd.

     22,800        171,258  

Okumura Corp.

     16,870        449,154  

OSJB Holdings Corp.

     57,600        154,295  

Penta-Ocean Construction Co., Ltd.

     101,593        798,953  

Raito Kogyo Co., Ltd.

     16,900        287,529  

Raiznext Corp.(a)

     24,400        264,094  

Sanki Engineering Co., Ltd.

     51,200        673,245  

Seikitokyu Kogyo Co., Ltd.

     28,100        236,752  

Shinnihon Corp.

     11,600        92,695  

SHO-BOND Holdings Co., Ltd.

     8,600        371,240  

Sumitomo Densetsu Co., Ltd.(a)

     11,800        257,251  

Sumitomo Mitsui Construction Co., Ltd.

     65,060        293,800  

Taihei Dengyo Kaisha Ltd.

     6,500        155,588  

Taikisha Ltd.

     12,865        353,351  

Takamatsu Construction Group Co., Ltd.

     12,400        241,940  

Tekken Corp.

     7,200        128,753  

Toa Corp.(a)

     8,000        176,652  

Tobishima Corp.

     11,900        129,662  

Toda Corp.

     92,949        682,187  

Tokyu Construction Co., Ltd.

     52,100        283,839  

Totetsu Kogyo Co., Ltd.

     12,579        301,327  

Toyo Construction Co., Ltd.

     30,200        157,149  

Wakachiku Construction Co., Ltd.(a)

     2,900        36,033  

Yahagi Construction Co., Ltd.

     21,100        160,398  

Yokogawa Bridge Holdings Corp.

     9,800        181,899  

Yurtec Corp.

     17,600        129,810  
     

 

 

 
Total Construction & Engineering

 

     12,542,190  
Construction Materials – 0.6%

 

Asia Pile Holdings Corp.(a)

     27,200        131,446  

Krosaki Harima Corp.

     5,200        230,353  

Shinagawa Refractories Co., Ltd.(a)

     6,500        169,647  

Sumitomo Osaka Cement Co., Ltd.(a)

     12,740        406,412  

Vertex Corp.

     7,500        184,547  
     

 

 

 
Total Construction Materials

 

     1,122,405  
Consumer Finance – 1.5%

 

AEON Financial Service Co., Ltd.(a)

     86,100        1,157,091  

Credit Saison Co., Ltd.

     62,400        749,929  

Jaccs Co., Ltd.

     16,300        334,703  

Orient Corp.(a)

     374,500        521,928  
     

 

 

 
Total Consumer Finance

 

     2,763,651  
Containers & Packaging – 0.9%

 

Fuji Seal International, Inc.

     7,910        177,098  

Hokkan Holdings Ltd.

     6,600        87,323  

Kohsoku Corp.(a)

     7,500        101,131  

Pack Corp. (The)

     3,200        87,457  

Rengo Co., Ltd.

     96,300        837,505  

Tomoku Co., Ltd.

     6,800        113,723  

Toyo Seikan Group Holdings Ltd.(a)

     24,400        290,592  
     

 

 

 
Total Containers & Packaging

 

     1,694,829  
Distributors – 0.2%

 

Arata Corp.

     2,000      88,778  

Doshisha Co., Ltd.

     12,500        211,652  

Happinet Corp.(a)

     11,600        161,140  
     

 

 

 
Total Distributors

 

     461,570  
Diversified Consumer Services – 0.3%

 

Benesse Holdings, Inc.

     17,900        377,115  

Riso Kyoiku Co., Ltd.

     36,400        111,341  

Tokyo Individualized Educational Institute, Inc.(a)

     27,800        155,479  
     

 

 

 
Total Diversified Consumer Services

 

     643,935  
Diversified Financial Services – 0.9%

 

eGuarantee, Inc.(a)

     3,200        60,438  

Fuyo General Lease Co., Ltd.

     8,600        593,050  

Japan Investment Adviser Co., Ltd.(a)

     7,000        106,299  

Japan Securities Finance Co., Ltd.(a)

     40,200        290,313  

Mizuho Leasing Co., Ltd.

     12,000        361,086  

NEC Capital Solutions Ltd.(a)

     7,800        143,012  

Ricoh Leasing Co., Ltd.

     7,600        238,660  
     

 

 

 
Total Diversified Financial Services

 

     1,792,858  
Diversified Telecommunication Services – 0.3%

 

ARTERIA Networks Corp.(a)

     21,300        316,512  

Asahi Net, Inc.

     9,800        71,749  

Internet Initiative Japan, Inc.(a)

     6,900        162,228  
     

 

 

 
Total Diversified Telecommunication Services

 

     550,489  
Electric Utilities – 0.8%

 

Hokkaido Electric Power Co., Inc.(a)

     42,900        196,059  

Hokuriku Electric Power Co.

     54,700        374,732  

Okinawa Electric Power Co., Inc. (The)

     25,381        356,253  

Shikoku Electric Power Co., Inc.

     73,200        569,701  
     

 

 

 
Total Electric Utilities

 

     1,496,745  
Electrical Equipment – 1.5%

 

Daihen Corp.

     6,000        264,163  

Denyo Co., Ltd.(a)

     6,600        124,952  

Furukawa Electric Co., Ltd.(a)

     15,400        413,919  

GS Yuasa Corp.(a)

     15,800        428,959  

Idec Corp.

     7,136        114,628  

Mabuchi Motor Co., Ltd.

     13,600        598,769  

Nippon Carbon Co., Ltd.

     4,600        193,367  

Nissin Electric Co., Ltd.

     21,865        246,154  

Nitto Kogyo Corp.

     13,000        238,588  

Tatsuta Electric Wire and Cable Co., Ltd.

     27,300        155,400  
     

 

 

 
Total Electrical Equipment

 

     2,778,899  
Electronic Equipment, Instruments & Components – 5.2%

 

Ai Holdings Corp.

     13,000        258,000  

Alps Alpine Co., Ltd.(a)

     25,200        332,959  

Amano Corp.

     20,435        497,098  

Canon Electronics, Inc.

     15,500        241,548  

Canon Marketing Japan, Inc.

     42,100        935,725  

CONEXIO Corp.

     19,400        243,685  

Daiwabo Holdings Co., Ltd.

     31,695        482,452  

Dexerials Corp.

     27,100        464,011  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

Elematec Corp.

     12,854      $ 118,420  

ESPEC Corp.

     8,000        133,864  

Hakuto Co., Ltd.

     12,134        140,557  

Horiba Ltd.

     8,800        555,873  

Innotech Corp.

     11,200        134,603  

Iriso Electronics Co., Ltd.

     2,300        102,720  

Japan Aviation Electronics Industry Ltd.

     12,300        199,249  

Kaga Electronics Co., Ltd.

     12,800        287,276  

Kyosan Electric Manufacturing Co., Ltd.(a)

     28,100        104,771  

Macnica Fuji Electronics Holdings, Inc.

     22,700        453,795  

Marubun Corp.(a)

     12,600        60,434  

Meiko Electronics Co., Ltd.

     1,900        46,202  

Nichicon Corp.(a)

     20,900        212,026  

Nippon Ceramic Co., Ltd.

     8,000        193,086  

Nippon Electric Glass Co., Ltd.

     43,800        1,016,715  

Nippon Signal Co., Ltd.

     17,300        153,586  

Nissha Co., Ltd.

     12,600        156,217  

Nohmi Bosai Ltd.

     12,591        244,983  

Oki Electric Industry Co., Ltd.

     38,000        395,475  

Optex Group Co., Ltd.

     6,600        98,552  

Osaki Electric Co., Ltd.

     22,300        123,104  

Restar Holdings Corp.

     14,200        262,154  

Riken Keiki Co., Ltd.

     5,400        134,634  

Ryoden Corp.(a)

     11,061        165,064  

Ryosan Co., Ltd.

     7,600        155,370  

Sanshin Electronics Co., Ltd.(a)

     5,700        103,425  

Siix Corp.

     10,900        160,985  

Tachibana Eletech Co., Ltd.(a)

     9,200        134,378  

Tokyo Electron Device Ltd.

     4,300        151,570  

Tsuzuki Denki Co., Ltd.

     10,900        163,451  

V Technology Co., Ltd.(a)

     1,800        88,778  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     9,906,795  
Energy Equipment & Services – 0.1%

 

Toyo Kanetsu K.K.(a)

     6,400        157,249  
Entertainment – 1.1%

 

Akatsuki, Inc.(a)

     2,700        109,344  

Avex, Inc.(a)

     23,199        286,996  

COLOPL, Inc.(a)

     21,000        158,498  

Daiichikosho Co., Ltd.

     15,500        601,765  

GungHo Online Entertainment, Inc.

     9,349        184,949  

Marvelous, Inc.

     21,800        169,862  

Toei Animation Co., Ltd.(a)

     5,700        611,267  
     

 

 

 
Total Entertainment

 

     2,122,681  
Food & Staples Retailing – 2.6%

 

Aeon Hokkaido Corp.

     12,500        137,104  

Ain Holdings, Inc.(a)

     3,100        200,308  

Arcs Co., Ltd.

     11,394        246,544  

Axial Retailing, Inc.

     5,200        226,588  

Belc Co., Ltd.

     2,800        156,344  

Cawachi Ltd.

     5,500        143,398  

cocokara fine, Inc.(a)

     2,800        215,638  

Create SD Holdings Co., Ltd.

     10,700        348,597  

G-7 Holdings, Inc.

     7,500        179,118  

Heiwado Co., Ltd.(a)

     5,563      112,972  

Inageya Co., Ltd.(a)

     7,500        112,398  

JM Holdings Co., Ltd.

     6,000        123,529  

Kato Sangyo Co., Ltd.

     9,116        294,929  

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

     1,400        107,439  

Life Corp.

     8,400        256,561  

Maxvalu Tokai Co., Ltd.

     8,000        187,801  

Mitsubishi Shokuhin Co., Ltd.

     7,100        198,864  

Nihon Chouzai Co., Ltd.

     8,100        130,846  

Okuwa Co., Ltd.

     11,700        128,118  

Qol Holdings Co., Ltd.

     10,600        149,263  

Retail Partners Co., Ltd.

     8,400        105,665  

San-A Co., Ltd.

     2,900        120,855  

United Super Markets Holdings, Inc.

     18,200        192,047  

Valor Holdings Co., Ltd.

     14,591        328,397  

Yaoko Co., Ltd.(a)

     4,900        301,539  

Yokohama Reito Co., Ltd.

     19,000        156,986  
     

 

 

 
Total Food & Staples Retailing

 

     4,861,848  
Food Products – 3.0%

 

Ariake Japan Co., Ltd.

     2,528        153,510  

DyDo Group Holdings, Inc.

     2,600        125,176  

Feed One Co., Ltd.

     18,140        150,209  

Fuji Oil Holdings, Inc.(a)

     19,500        521,118  

Fujicco Co., Ltd.

     6,700        118,235  

Hokuto Corp.

     12,891        243,471  

Itoham Yonekyu Holdings, Inc.

     92,100        607,610  

J-Oil Mills, Inc.

     7,200        129,991  

Kakiyasu Honten Co., Ltd.

     4,200        100,306  

Kameda Seika Co., Ltd.

     2,200        95,964  

Kotobuki Spirits Co., Ltd.(a)

     2,000        130,136  

Kyokuyo Co., Ltd.(a)

     5,200        143,765  

Marudai Food Co., Ltd.

     6,900        107,153  

Maruha Nichiro Corp.

     7,632        181,303  

Megmilk Snow Brand Co., Ltd.

     10,600        215,741  

Mitsui Sugar Co., Ltd.

     9,998        177,521  

Morinaga & Co., Ltd.

     8,487        303,765  

Morinaga Milk Industry Co., Ltd.

     7,482        394,074  

Nippn Corp.

     12,883        193,187  

Nippon Suisan Kaisha Ltd.

     55,500        267,204  

Nisshin Oillio Group Ltd. (The)

     7,500        221,606  

Prima Meat Packers Ltd.

     12,700        401,113  

Riken Vitamin Co., Ltd.

     12,100        149,471  

Rock Field Co., Ltd.(a)

     6,500        99,235  

S Foods, Inc.

     5,100        174,692  

Sakata Seed Corp.

     3,100        114,742  

Showa Sangyo Co., Ltd.(a)

     7,500        210,747  
     

 

 

 
Total Food Products

 

     5,731,045  
Gas Utilities – 0.4%

 

Nippon Gas Co., Ltd.

     25,800        449,691  

Saibu Gas Co., Ltd.

     8,800        252,452  

Shizuoka Gas Co., Ltd.

     13,992        125,991  
     

 

 

 
Total Gas Utilities

 

     828,134  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

 

 

Investments    Shares      Value  
Health Care Equipment & Supplies – 1.2%

 

Eiken Chemical Co., Ltd.

     6,670      $ 130,563  

Hogy Medical Co., Ltd.

     7,000        213,801  

Japan Lifeline Co., Ltd.

     16,600        210,467  

Jeol Ltd.

     4,900        194,670  

Mani, Inc.

     7,700        193,719  

Menicon Co., Ltd.

     2,800        165,466  

Nagaileben Co., Ltd.

     7,526        186,618  

Nakanishi, Inc.

     13,600        283,692  

Nihon Kohden Corp.

     13,500        394,615  

Nipro Corp.(a)

     15,400        186,333  

Paramount Bed Holdings Co., Ltd.

     9,842        209,577  
     

 

 

 
Total Health Care Equipment & Supplies

 

     2,369,521  
Health Care Providers & Services – 1.4%

 

As One Corp.

     2,100        264,353  

BML, Inc.

     6,700        231,923  

FALCO HOLDINGS Co., Ltd.

     1,600        25,325  

France Bed Holdings Co., Ltd.

     16,500        144,692  

H.U. Group Holdings, Inc.(a)

     15,900        534,557  

Ship Healthcare Holdings, Inc.

     20,014        563,290  

Solasto Corp.

     18,000        232,615  

Toho Holdings Co., Ltd.

     12,500        229,638  

Tokai Corp.

     5,500        120,005  

Vital KSK Holdings, Inc.

     18,400        131,381  

WIN-Partners Co., Ltd.(a)

     10,900        103,772  
     

 

 

 
Total Health Care Providers & Services

 

     2,581,551  
Hotels, Restaurants & Leisure – 1.4%

 

Hiday Hidaka Corp.(a)

     10,098        164,218  

Ichibanya Co., Ltd.(a)

     7,536        328,720  

KFC Holdings Japan Ltd.(a)

     7,100        190,768  

KOMEDA Holdings Co., Ltd.

     13,000        237,059  

Koshidaka Holdings Co., Ltd.(a)

     27,300        147,247  

Kyoritsu Maintenance Co., Ltd.(a)

     4,300        142,620  

MOS Food Services, Inc.(a)

     5,000        147,059  

Ohsho Food Service Corp.

     4,500        237,013  

Resorttrust, Inc.

     17,408        291,131  

Saizeriya Co., Ltd.(a)

     6,000        123,529  

St. Marc Holdings Co., Ltd.

     12,500        194,683  

Sushiro Global Holdings Ltd.

     6,400        283,222  

Tokyotokeiba Co., Ltd.

     4,042        204,478  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     2,691,747  
Household Durables – 1.7%

 

ES-Con Japan Ltd.

     24,600        174,760  

Eslead Corp.(a)

     3,900        59,400  

FJ Next Co., Ltd.(a)

     17,500        177,692  

Fuji Corp., Ltd.

     23,500        157,588  

Hinokiya Group Co., Ltd.

     9,000        204,597  

Hoosiers Holdings(a)

     31,700        211,429  

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

     4,400        160,670  

LEC, Inc.(a)

     7,500        85,724  

Pressance Corp.(a)

     13,188        201,580  

Sanei Architecture Planning Co., Ltd.

     7,100        113,343  

Sangetsu Corp.

     21,400      324,777  

Sumitomo Forestry Co., Ltd.

     27,300        589,482  

Tama Home Co., Ltd.

     13,400        266,060  

Tamron Co., Ltd.

     11,966        233,472  

Toa Corp.

     13,852        120,719  

Zojirushi Corp.

     8,700        152,349  
     

 

 

 
Total Household Durables

 

     3,233,642  
Household Products – 0.2%

 

Earth Corp.

     3,500        210,950  

ST Corp.

     7,600        134,462  
     

 

 

 
Total Household Products

 

     345,412  
Independent Power & Renewable Electricity Producers – 0.9%

 

Electric Power Development Co., Ltd.(a)

     79,400        1,389,680  

eRex Co., Ltd.(a)

     8,500        142,000  

West Holdings Corp.(a)

     8,247        257,112  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     1,788,792  
Industrial Conglomerates – 0.4%

 

Nisshinbo Holdings, Inc.

     51,200        381,799  

Noritsu Koki Co., Ltd.

     3,400        81,723  

TOKAI Holdings Corp.

     37,400        323,569  
     

 

 

 
Total Industrial Conglomerates

 

     787,091  
Interactive Media & Services – 0.2%

 

Dip Corp.

     14,400        377,788  

MTI Ltd.

     11,900        87,016  
     

 

 

 
Total Interactive Media & Services

 

     464,804  
Internet & Direct Marketing Retail – 0.3%

 

ASKUL Corp.

     7,565        289,593  

Belluna Co., Ltd.

     17,884        210,076  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     499,669  
IT Services – 2.5%

 

Comture Corp.

     2,700        65,240  

Digital Garage, Inc.

     2,600        106,000  

DTS Corp.

     13,282        303,623  

Future Corp.(a)

     7,900        142,986  

GMO GlobalSign Holdings K.K.

     600        36,869  

GMO Internet, Inc.

     8,672        248,781  

ID Holdings Corp.

     7,500        86,539  

Ines Corp.

     9,600        115,461  

Infocom Corp.

     6,400        162,983  

Infomart Corp.

     7,300        62,958  

Information Services International-Dentsu Ltd.

     11,600        410,986  

Itfor, Inc.

     13,900        104,407  

JBCC Holdings, Inc.

     9,000        120,706  

Kanematsu Electronics Ltd.

     12,000        405,068  

Mitsubishi Research Institute, Inc.

     5,900        219,982  

NEC Networks & System Integration Corp.

     27,937        492,500  

NS Solutions Corp.

     14,980        475,835  

NSD Co., Ltd.

     22,400        373,198  

SB Technology Corp.(a)

     2,600        75,529  

TDC Soft, Inc.(a)

     11,400        105,128  

TKC Corp.

     12,400        395,005  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

Transcosmos, Inc.

     7,700      $ 208,074  

Uchida Yoko Co., Ltd.(a)

     1,700        75,769  
     

 

 

 
Total IT Services

 

     4,793,627  
Leisure Products – 1.0%

 

Furyu Corp.

     12,700        123,667  

Heiwa Corp.(a)

     39,300        642,671  

Mizuno Corp.

     7,023        138,172  

Sankyo Co., Ltd.

     31,600        838,758  

Tomy Co., Ltd.

     21,700        197,362  
     

 

 

 
Total Leisure Products

 

     1,940,630  
Life Sciences Tools & Services – 0.1%

 

EPS Holdings, Inc.

     12,500        127,828  
Machinery – 4.7%

 

Aichi Corp.

     18,000        144,977  

Aida Engineering Ltd.

     23,100        207,796  

Alinco, Inc.

     13,000        115,882  

CKD Corp.

     5,741        119,860  

DMG Mori Co., Ltd.

     23,200        380,858  

Ebara Corp.

     12,100        494,403  

Fujitec Co., Ltd.

     18,961        404,616  

Furukawa Co., Ltd.

     17,300        209,166  

Giken Ltd.

     5,500        248,371  

Glory Ltd.

     13,300        286,462  

Hitachi Zosen Corp.(a)

     50,500        409,027  

Japan Steel Works Ltd. (The)

     7,604        180,776  

Juki Corp.

     700        5,638  

Kito Corp.(a)

     2,300        37,986  

Kitz Corp.

     23,089        133,937  

Kyokuto Kaihatsu Kogyo Co., Ltd.

     9,980        149,384  

Meidensha Corp.

     10,100        220,006  

METAWATER Co., Ltd.(a)

     8,800        176,398  

Mitsubishi Logisnext Co., Ltd.

     12,500        146,606  

Mitsuboshi Belting Ltd.

     7,746        124,847  

Morita Holdings Corp.

     9,905        160,183  

Nachi-Fujikoshi Corp.

     4,500        196,086  

Nikkiso Co., Ltd.

     12,500        127,489  

Nikko Co., Ltd.

     20,500        135,615  

Nitta Corp.

     7,500        178,778  

Noritake Co., Ltd.

     3,700        118,869  

Obara Group, Inc.(a)

     4,179        143,145  

Oiles Corp.(a)

     10,000        153,303  

OKUMA Corp.

     3,270        187,914  

Organo Corp.

     1,600        96,145  

OSG Corp.

     17,600        313,933  

Shibaura Machine Co., Ltd.

     12,461        315,190  

Shibuya Corp.

     3,700        118,869  

Shinmaywa Industries Ltd.

     27,585        255,130  

Shinwa Co., Ltd.

     7,700        151,561  

Sodick Co., Ltd.(a)

     14,900        138,752  

Star Micronics Co., Ltd.(a)

     13,134        196,119  

Sumitomo Heavy Industries Ltd.(a)

     16,600        461,946  

Takeuchi Manufacturing Co., Ltd.

     6,500        182,059  

Takuma Co., Ltd.

     11,700        253,800  

Technoflex Corp.

     5,800      54,326  

Teikoku Electric Manufacturing Co., Ltd.(a)

     11,700        139,976  

Tocalo Co., Ltd.

     11,600        152,007  

Tsubakimoto Chain Co.

     10,245        282,781  

Tsugami Corp.

     6,800        102,338  

Union Tool Co.

     2,700        86,009  

YAMABIKO Corp.

     9,000        100,018  
     

 

 

 
Total Machinery

 

     8,999,337  
Marine – 1.2%

 

Iino Kaiun Kaisha Ltd.

     50,400        241,738  

Mitsui OSK Lines Ltd.(a)

     16,000        561,086  

Nippon Yusen K.K.

     35,200        1,202,534  

NS United Kaiun Kaisha Ltd.

     11,500        196,176  
     

 

 

 
Total Marine

 

     2,201,534  
Media – 1.0%

 

FAN Communications, Inc.

     31,400        117,075  

Intage Holdings, Inc.

     19,900        234,298  

Kadokawa Corp.

     9,500        369,253  

Proto Corp.

     9,200        97,495  

SKY Perfect JSAT Holdings, Inc.

     101,000        449,701  

Tv Tokyo Holdings Corp.

     4,900        105,805  

ValueCommerce Co., Ltd.

     4,500        146,199  

Wowow, Inc.

     11,400        290,107  

Zenrin Co., Ltd.

     13,180        158,041  
     

 

 

 
Total Media

 

     1,967,974  
Metals & Mining – 2.8%

 

Asahi Holdings, Inc.

     45,200        866,367  

Daido Steel Co., Ltd.

     7,300        337,584  

Daiki Aluminium Industry Co., Ltd.

     27,300        264,847  

Dowa Holdings Co., Ltd.

     15,800        658,452  

Godo Steel Ltd.

     18,200        358,071  

Kurimoto Ltd.

     7,500        118,846  

Kyoei Steel Ltd.

     23,514        353,242  

Maruichi Steel Tube Ltd.

     25,000        571,267  

Mitsubishi Materials Corp.

     22,700        530,831  

Mitsui Mining & Smelting Co., Ltd.(a)

     12,000        417,014  

Toho Titanium Co., Ltd.

     18,200        163,882  

Tokyo Steel Manufacturing Co., Ltd.

     47,700        365,628  

Tokyo Tekko Co., Ltd.(a)

     5,600        95,681  

UACJ Corp.*

     5,363        129,489  
     

 

 

 
Total Metals & Mining

 

     5,231,201  
Multiline Retail – 0.6%

 

Izumi Co., Ltd.

     13,800        541,385  

MrMax Holdings Ltd.

     14,200        92,396  

Takashimaya Co., Ltd.

     47,100        503,395  
     

 

 

 
Total Multiline Retail

 

     1,137,176  
Oil, Gas & Consumable Fuels – 1.3%

 

Cosmo Energy Holdings Co., Ltd.

     37,700        899,682  

Itochu Enex Co., Ltd.

     53,481        528,518  

Iwatani Corp.

     10,133        626,320  

Sala Corp.

     24,200        134,250  

San-Ai Oil Co., Ltd.

     17,416        206,943  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

 

 

Investments    Shares      Value  

Sinanen Holdings Co., Ltd.

     4,500      $ 124,005  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     2,519,718  
Paper & Forest Products – 0.6%

 

Daiken Corp.

     8,200        163,555  

Daio Paper Corp.

     20,178        346,769  

Hokuetsu Corp.

     61,532        288,449  

Nippon Paper Industries Co., Ltd.(a)

     32,900        394,800  
     

 

 

 
Total Paper & Forest Products

 

     1,193,573  
Personal Products – 0.5%

 

Kitanotatsujin Corp.

     7,200        41,506  

Mandom Corp.

     11,606        219,306  

Milbon Co., Ltd.

     2,800        153,810  

Noevir Holdings Co., Ltd.

     10,800        490,643  

Shinnihonseiyaku Co., Ltd.(a)

     3,000        63,475  
     

 

 

 
Total Personal Products

 

     968,740  
Pharmaceuticals – 2.2%

 

Fuji Pharma Co., Ltd.

     9,000        103,765  

Kaken Pharmaceutical Co., Ltd.

     21,900        859,154  

KYORIN Holdings, Inc.

     32,985        575,521  

Mochida Pharmaceutical Co., Ltd.

     8,222        319,207  

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

     17,400        156,679  

Sawai Pharmaceutical Co., Ltd.

     14,524        697,283  

Seikagaku Corp.

     15,000        140,362  

Taiko Pharmaceutical Co., Ltd.(a)

     7,500        84,706  

Towa Pharmaceutical Co., Ltd.

     10,600        234,351  

Tsumura & Co.

     20,800        744,471  

ZERIA Pharmaceutical Co., Ltd.

     12,800        243,605  
     

 

 

 
Total Pharmaceuticals

 

     4,159,104  
Professional Services – 2.3%

 

Altech Corp.

     11,060        219,298  

BayCurrent Consulting, Inc.

     1,100        251,358  

BeNEXT Group, Inc.(a)

     31,092        495,502  

en-japan, Inc.

     12,000        370,860  

Forum Engineering, Inc.

     12,900        123,863  

FULLCAST Holdings Co., Ltd.

     7,100        128,378  

Funai Soken Holdings, Inc.

     7,110        138,082  

IR Japan Holdings Ltd.(a)

     1,300        157,294  

JAC Recruitment Co., Ltd.

     18,300        288,991  

Meitec Corp.

     10,700        591,647  

Nisso Corp.(a)

     10,500        81,625  

Nomura Co., Ltd.

     41,900        348,092  

Outsourcing, Inc.

     20,800        335,812  

SMS Co., Ltd.

     2,600        79,529  

Tanseisha Co., Ltd.

     25,400        202,510  

TechnoPro Holdings, Inc.

     5,900        492,290  

Weathernews, Inc.

     1,500        71,539  
     

 

 

 
Total Professional Services

 

     4,376,670  
Real Estate Management & Development – 2.5%

 

Aoyama Zaisan Networks Co., Ltd.(a)

     8,100        117,285  

Daibiru Corp.(a)

     18,500        238,910  

Goldcrest Co., Ltd.

     17,600        270,132  

Grandy House Corp.

     10,800        47,207  

Heiwa Real Estate Co., Ltd.

     11,068      346,063  

Ichigo, Inc.

     106,500        315,163  

Katitas Co., Ltd.

     9,500        265,656  

Keihanshin Building Co., Ltd.

     11,600        156,311  

Nippon Commercial Development Co., Ltd.

     9,400        146,062  

Raysum Co., Ltd.(a)

     18,400        150,197  

SAMTY Co., Ltd.

     17,000        312,000  

Shinoken Group Co., Ltd.

     23,000        263,719  

Starts Corp., Inc.

     16,100        423,262  

Sun Frontier Fudousan Co., Ltd.

     23,400        204,777  

Takara Leben Co., Ltd.

     69,200        233,589  

TOC Co., Ltd.(a)

     17,600        125,510  

Tokyo Tatemono Co., Ltd.

     67,100        1,020,770  

Tosei Corp.

     18,200        184,141  
     

 

 

 
Total Real Estate Management & Development

 

     4,820,754  
Road & Rail – 1.5%

 

Fukuyama Transporting Co., Ltd.

     3,811        157,269  

Hamakyorex Co., Ltd.

     5,300        155,643  

Maruzen Showa Unyu Co., Ltd.

     5,400        158,579  

Nikkon Holdings Co., Ltd.(a)

     15,860        319,066  

Nishi-Nippon Railroad Co., Ltd.

     7,700        206,053  

Sakai Moving Service Co., Ltd.

     3,100        139,009  

Sankyu, Inc.

     11,200        492,597  

Seino Holdings Co., Ltd.

     57,000        795,421  

Senko Group Holdings Co., Ltd.(a)

     42,156        399,814  
     

 

 

 
Total Road & Rail

 

     2,823,451  
Semiconductors & Semiconductor Equipment – 1.3%

 

Ferrotec Holdings Corp.

     9,900        197,910  

Japan Material Co., Ltd.

     15,000        177,828  

Mimasu Semiconductor Industry Co., Ltd.

     7,127        176,014  

Optorun Co., Ltd.

     12,500        310,294  

Rorze Corp.

     500        35,385  

SCREEN Holdings Co., Ltd.

     2,900        255,620  

Shinko Electric Industries Co., Ltd.

     13,653        423,181  

Tokyo Seimitsu Co., Ltd.

     7,500        342,082  

Ulvac, Inc.

     8,700        366,502  

Yamaichi Electronics Co., Ltd.(a)

     12,000        162,679  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     2,447,495  
Software – 0.8%

 

Broadleaf Co., Ltd.(a)

     22,300        109,583  

Computer Engineering & Consulting Ltd.

     9,000        117,041  

Cresco Ltd.

     1,900        27,735  

Cybernet Systems Co., Ltd.

     13,800        109,401  

Digital Arts, Inc.

     1,300        114,000  

Fuji Soft, Inc.

     2,100        108,896  

Fukui Computer Holdings, Inc.

     2,200        78,941  

Miroku Jyoho Service Co., Ltd.(a)

     6,100        113,775  

SRA Holdings(a)

     10,600        260,060  

Systena Corp.

     16,600        332,300  

UNITED, Inc.(a)

     7,500        94,547  
     

 

 

 
Total Software

 

     1,466,279  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

 

 

Investments    Shares      Value  
Specialty Retail – 3.0%

 

Adastria Co., Ltd.

     9,700      $ 178,111  

Alleanza Holdings Co., Ltd.(a)

     9,200        110,650  

Alpen Co., Ltd.

     6,700        143,944  

Arcland Sakamoto Co., Ltd.

     8,516        131,015  

Autobacs Seven Co., Ltd.

     33,100        449,321  

Bic Camera, Inc.

     27,300        306,353  

Chiyoda Co., Ltd.

     27,291        244,755  

DCM Holdings Co., Ltd.

     41,445        434,329  

EDION Corp.(a)

     42,639        478,097  

Geo Holdings Corp.(a)

     6,300        67,732  

Honeys Holdings Co., Ltd.

     12,700        124,356  

Joshin Denki Co., Ltd.(a)

     3,000        85,792  

Joyful Honda Co., Ltd.

     26,100        338,946  

Keiyo Co., Ltd.(a)

     17,400        115,423  

Kohnan Shoji Co., Ltd.

     8,300        239,235  

Kojima Co., Ltd.

     17,600        112,449  

Komeri Co., Ltd.

     9,937        277,427  

Nafco Co., Ltd.

     6,500        125,823  

Nojima Corp.

     8,800        223,942  

PAL GROUP Holdings Co., Ltd.

     18,100        250,615  

PC Depot Corp.(a)

     17,800        79,738  

T-Gaia Corp.

     17,600        305,332  

VT Holdings Co., Ltd.

     60,800        245,401  

World Co., Ltd.*

     12,700        169,870  

Xebio Holdings Co., Ltd.

     24,500        207,529  

Yellow Hat Ltd.

     13,100        224,419  
     

 

 

 
Total Specialty Retail

 

     5,670,604  
Technology Hardware, Storage & Peripherals – 0.5%

 

Eizo Corp.

     5,900        222,919  

Elecom Co., Ltd.(a)

     16,400        364,510  

MCJ Co., Ltd.

     32,100        279,749  

Wacom Co., Ltd.

     22,611        152,036  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     1,019,214  
Textiles, Apparel & Luxury Goods – 1.5%

 

Asics Corp.

     22,400        357,792  

Baroque Japan Ltd.(a)

     22,500        160,249  

Fujibo Holdings, Inc.

     4,200        152,036  

Gunze Ltd.

     5,283        198,650  

Japan Wool Textile Co., Ltd. (The)

     28,125        262,161  

Kurabo Industries Ltd.

     7,476        129,764  

Onward Holdings Co., Ltd.(a)

     160,433        452,987  

Seiko Holdings Corp.(a)

     22,400        380,496  

Seiren Co., Ltd.

     13,311        234,418  

Wacoal Holdings Corp.

     12,800        284,380  

Yondoshi Holdings, Inc.(a)

     10,400        181,177  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     2,794,110  
Thrifts & Mortgage Finance – 0.1%

 

Aruhi Corp.(a)

     8,500        138,846  
Trading Companies & Distributors – 2.9%

 

Advan Co., Ltd.

     4,400        40,496  

Alconix Corp.

     9,400        140,702  

Gecoss Corp.

     16,400      $ 142,925  

Hanwa Co., Ltd.

     7,622        234,178  

Inaba Denki Sangyo Co., Ltd.

     13,888        335,323  

Inabata & Co., Ltd.

     17,641        264,695  

Kamei Corp.

     9,200        103,406  

Kanamoto Co., Ltd.

     7,528        196,273  

Kanematsu Corp.

     41,200        554,056  

Nagase & Co., Ltd.(a)

     40,504        633,768  

Nichiden Corp.(a)

     5,100        101,077  

Nippon Steel Trading Corp.

     11,000        403,665  

Nishio Rent All Co., Ltd.

     7,500        203,213  

Onoken Co., Ltd.

     12,900        161,338  

Sojitz Corp.(a)

     468,400        1,322,541  

Trusco Nakayama Corp.

     5,900        156,871  

Wakita & Co., Ltd.

     11,500        103,968  

Yamazen Corp.

     15,206        143,390  

Yuasa Trading Co., Ltd.

     8,800        248,471  
     

 

 

 
Total Trading Companies & Distributors

 

     5,490,356  
Transportation Infrastructure – 0.5%

 

Kamigumi Co., Ltd.

     21,200        402,320  

Mitsubishi Logistics Corp.(a)

     11,700        358,412  

Nissin Corp.

     7,800        102,635  
     

 

 

 
Total Transportation Infrastructure

 

     863,367  
Wireless Telecommunication Services – 0.2%

 

Okinawa Cellular Telephone Co.

     10,200        468,923  
TOTAL COMMON STOCKS
(Cost: $199,880,795)

 

     187,220,541  
EXCHANGE-TRADED FUND – 0.3%

 

United States – 0.3%

 

WisdomTree Japan Hedged Equity Fund(a)(b)
(Cost: $548,183)
     9,338        572,793  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.6%

 

United States – 8.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 0.03%(c)

     
(Cost: $16,288,384)      16,288,384        16,288,384  
TOTAL INVESTMENTS IN SECURITIES – 107.3%
(Cost: $216,717,362)

 

     204,081,718  

Other Assets less Liabilities – (7.3)%

 

     (13,941,138
     

 

 

 
NET ASSETS – 100.0%

 

   $ 190,140,580  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2021 (See Note 2). At March 31, 2021, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $33,395,395 and the total market value of the collateral held by the Fund was $35,499,562. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $19,211,178.

 

(b) 

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

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2021.

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Schedule of Investments (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2021

 

INVESTMENT IN AFFILIATES

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Investments in affiliates during the fiscal year ended March 31, 2021 were as follows:

 

Affiliate   Value at
3/31/2020
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2021
    Dividend
Income
 

WisdomTree Japan Hedged Equity Fund

  $ 2,315,089     $ 4,683,920     $ 6,381,633     $ (254,200   $ 209,617     $ 572,793     $ 55,089  

 

FAIR VALUATION SUMMARY

The following is a summary of the fair valuations according to the inputs used as of March 31, 2021 in valuing the Fund’s investments (See Note 2 — Fair Value Measurement):

 

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

Assets:

           

Investments in Securities

 

Common Stocks

 

Construction & Engineering

   $ 12,387,895      $ 154,295      $      $ 12,542,190  

Pharmaceuticals

     3,461,821        697,283               4,159,104  

Other

     170,519,247                      170,519,247  

Exchange-Traded Fund

     572,793                      572,793  

Investment of Cash Collateral for Securities Loaned

            16,288,384               16,288,384  

Total Investments in Securities

   $ 186,941,756      $ 17,139,962      $      $ 204,081,718  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
Europe Quality
Dividend
Growth Fund
     WisdomTree
Europe SmallCap
Dividend Fund
     WisdomTree
International
Dividend
ex-Financials
Fund
     WisdomTree
International
Equity Fund
     WisdomTree
International
High Dividend
Fund
 

ASSETS:

 

Investments, at cost

   $ 40,643,170      $ 260,997,567      $ 148,336,403      $ 533,055,428      $ 185,762,476  

Investment in affiliates, at cost (Note 3)

            594,938        199,960        683,512        544,516  

Foreign currency, at cost

     6,386        128,333        99,721        240,105        99,347  

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

     46,951,834        314,290,101        157,921,032        637,979,913        200,447,330  

Investment in affiliates, at value (Note 3)

            629,963        249,429        676,441        548,318  

Cash

     49,078        150,460        25,647        128,443        31,889  

Deposits at broker

            96                       

Foreign currency, at value

     6,391        128,387        99,680        240,077        99,223  

Unrealized appreciation on foreign currency contracts

                          98        22  

Receivables:

 

Dividends

     206,460        895,279        806,861        2,915,291        1,157,016  

Securities lending income

     238        20,089        3,975        16,338        7,037  

Foreign tax reclaims

     141,941        1,042,337        250,910        2,056,885        528,759  

Total Assets

     47,355,942        317,156,712        159,357,534        644,013,486        202,819,594  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

            627        92        377        178  

Payables:

 

Cash collateral received for securities loaned (Note 2)

     476,829        6,775,008        14,936,369        41,141,257        20,043,588  

Advisory fees (Note 3)

     22,807        152,863        72,381        244,850        90,112  

Service fees (Note 2)

     174        1,150        538        2,244        684  

Total Liabilities

     499,810        6,929,648        15,009,380        41,388,728        20,134,562  

NET ASSETS

   $ 46,856,132      $ 310,227,064      $ 144,348,154      $ 602,624,758      $ 182,685,032  

NET ASSETS:

              

Paid-in capital

   $ 47,839,333      $ 563,058,324      $ 182,807,727      $ 660,742,459      $ 248,750,374  

Total distributable earnings (loss)

     (983,201      (252,831,260      (38,459,573      (58,117,701      (66,065,342

NET ASSETS

   $ 46,856,132      $ 310,227,064      $ 144,348,154      $ 602,624,758      $ 182,685,032  

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

     1,500,000        4,450,000        3,400,000        11,450,000        4,650,000  

Net asset value per share

   $ 31.24      $ 69.71      $ 42.46      $ 52.63      $ 39.29  

1 Includes market value of securities out on loan of:

   $ 672,003      $ 11,357,587      $ 19,304,061      $ 62,259,958      $ 26,428,911  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
Multifactor
Fund
     WisdomTree
International
Quality Dividend
Growth Fund
     WisdomTree
International
SmallCap
Dividend Fund
 

ASSETS:

 

Investments, at cost

   $ 313,427,231      $ 140,953,780      $ 34,156,688      $ 164,370,404      $ 1,231,412,183  

Investment in affiliates, at cost (Note 3)

                                 2,929,066  

Foreign currency, at cost

     153,254        40,361        27,927        92,816        3,523,772  

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

     372,033,221        155,359,967        37,896,903        193,070,336        1,443,528,042  

Investment in affiliates, at value (Note 3)

                                 3,200,694  

Cash

     161,597        121,230        2,365        362,970        88,019  

Foreign currency, at value

     153,159        40,358        27,970        92,733        3,523,865  

Unrealized appreciation on foreign currency contracts

                   347,472               2,461  

Receivables:

 

Dividends

     1,681,721        571,287        190,619        1,390,355        8,287,412  

Securities lending income

     6,414        7,861        36        2,525        125,198  

Foreign tax reclaims

     1,130,718        157,621        50,698        197,283        1,874,019  

Total Assets

     375,166,830        156,258,324        38,516,063        195,116,202        1,460,629,710  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

                   595               686  

Payables:

 

Cash collateral received for securities loaned (Note 2)

     22,304,365        11,782,640        364,891        4,742,777        54,671,058  

Investment securities purchased

                                 1,743,356  

Advisory fees (Note 3)

     144,185        70,686        12,121        65,540        691,016  

Service fees (Note 2)

     1,314        537        140        686        5,232  

Total Liabilities

     22,449,864        11,853,863        377,747        4,809,003        57,111,348  

NET ASSETS

   $ 352,716,966      $ 144,404,461      $ 38,138,316      $ 190,307,199      $ 1,403,518,362  

NET ASSETS:

 

Paid-in capital

   $ 401,958,961      $ 163,914,924      $ 38,315,086      $ 167,015,662      $ 1,396,016,978  

Total distributable earnings (loss)

     (49,241,995 )        (19,510,463 )        (176,770 )        23,291,537        7,501,384  

NET ASSETS

   $ 352,716,966      $ 144,404,461      $ 38,138,316      $ 190,307,199      $ 1,403,518,362  

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

     7,450,000        2,150,000        1,500,000        5,150,000        19,450,000  

Net asset value per share

   $ 47.34      $ 67.16      $ 25.43      $ 36.95      $ 72.16  

1 Includes market value of securities out on loan of:

   $ 36,031,077      $ 20,380,339      $ 580,467      $ 13,954,577      $ 117,076,664  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2021

 

 

 

      WisdomTree
Japan SmallCap
Dividend Fund
 

ASSETS:

  

Investments, at cost

   $ 216,169,179  

Investment in affiliates, at cost (Note 3)

     548,183  

Foreign currency, at cost

     87,227  

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

     203,508,925  

Investment in affiliates, at value (Note 3)

     572,793  

Cash

     110,956  

Foreign currency, at value

     87,227  

Receivables:

  

Dividends

     2,233,844  

Securities lending income

     8,120  

Total Assets

     206,521,865  

LIABILITIES:

 

Payables:

  

Cash collateral received for securities loaned (Note 2)

     16,288,384  

Advisory fees (Note 3)

     92,209  

Service fees (Note 2)

     692  

Total Liabilities

     16,381,285  

NET ASSETS

   $ 190,140,580  

NET ASSETS:

  

Paid-in capital

   $ 297,553,735  

Total distributable earnings (loss)

     (107,413,155

NET ASSETS

   $ 190,140,580  

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

     2,500,000  

Net asset value per share

   $ 76.06  

1 Includes market value of securities out on loan of:

   $ 33,395,395  

2 Investments in securities include investment of cash collateral for securities loaned (see Schedule of Investments for additional information).

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
Europe Quality
Dividend
Growth Fund
     WisdomTree
Europe SmallCap
Dividend Fund
     WisdomTree
International
Dividend
ex-Financials
Fund
     WisdomTree
International
Equity Fund
     WisdomTree
International
High Dividend
Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 948,295      $ 8,523,422      $ 5,892,565      $ 19,852,068      $ 8,040,291  

Dividends from affiliates (Note 3)

            24,527        61,507        77,479        27,295  

Non-cash dividends

     68,115        178,736        144,388        1,107,180        618,730  

Securities lending income, net (Note 2)

     6,347        447,749        53,377        170,887        75,418  

Total investment income

     1,022,757        9,174,434        6,151,837        21,207,614        8,761,734  

EXPENSES:

 

Advisory fees (Note 3)

     200,680        1,790,426        724,440        2,817,407        1,013,536  

Service fees (Note 2)

     1,522        13,583        5,495        25,827        7,689  

Total expenses

     202,202        1,804,009        729,935        2,843,234        1,021,225  

Expense waivers (Note 3)

            (1,990      (2,832      (708      (564

Net expenses

     202,202        1,802,019        727,103        2,842,526        1,020,661  

Net investment income

     820,555        7,372,415        5,424,734        18,365,088        7,741,073  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (424,510      (77,359,459      (19,049,828      (83,135,618      (42,121,740

Investment transactions in affiliates (Note 3)

            261,539        231,554        (81,320      (6,112

In-kind redemptions

     183,311        24,067,657        551,735        31,168,642        8,712,651  

Futures contracts

     (7,769      30,267                       

Foreign currency contracts

     (1,003      (12,891      (30,023      (57,635      (70,583

Foreign currency related transactions

     10,415        (47,579      42,465        173,074        105,758  

Net realized loss

     (239,556      (53,060,466      (18,254,097      (51,932,857      (33,380,026

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     10,907,672        213,626,101        54,074,739        218,565,296        82,652,813  

Investment transactions in affiliates (Note 3)

            (1,425      114,336        (61,069      (9,267

Foreign currency contracts

     (27      (6,098      24,649        5,066        3,342  

Translation of assets and liabilities denominated in foreign currencies

     5,641        35,579        (16,102      48,956        9,537  

Net increase in unrealized appreciation/depreciation

     10,913,286        213,654,157        54,197,622        218,558,249        82,656,425  

Net realized and unrealized gain on investments

     10,673,730        160,593,691        35,943,525        166,625,392        49,276,399  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 11,494,285      $ 167,966,106      $ 41,368,259      $ 184,990,480      $ 57,017,472  

1 Net of foreign withholding tax of:

   $ 90,545      $ 1,070,223      $ 471,264      $ 1,810,352      $ 695,722  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Statements of Operations (continued)

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
Multifactor
Fund
     WisdomTree
International
Quality Dividend
Growth Fund
     WisdomTree
International
SmallCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 12,336,339      $ 4,788,898      $ 1,197,512      $ 4,349,136      $ 39,398,002  

Dividends from affiliates (Note 3)

     25,226                             93,560  

Non-cash dividends

     726,624        272,256        12,541        10,918        203,540  

Securities lending income, net (Note 2)

     65,474        80,806        42        23,874        1,388,587  

Total investment income

     13,153,663        5,141,960        1,210,095        4,383,928        41,083,689  

EXPENSES:

 

Advisory fees (Note 3)

     1,656,373        927,877        161,085        606,328        7,636,857  

Service fees (Note 2)

     15,182        7,038        1,865        6,125        57,934  

Total expenses

     1,671,555        934,915        162,950        612,453        7,694,791  

Expense waivers (Note 3)

     (592                    (36,039      (9,080

Net expenses

     1,670,963        934,915        162,950        576,414        7,685,711  

Net investment income

     11,482,700        4,207,045        1,047,145        3,807,514        33,397,978  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

              

Investment transactions

     (61,579,299      (12,469,723      416,260        (740,400      (90,060,047

Investment transactions in affiliates (Note 3)

     (92,002                           620,332  

In-kind redemptions

     16,035,700        12,672,686        2,688,164        6,476,469        48,737,975  

Futures contracts

                                 41,568  

Foreign currency contracts

     (173,471      181,752        (891,212      (124,194      (516,742

Foreign currency related transactions

     233,172        (137,993      442        94,606        551,114  

Net realized gain (loss)

     (45,575,900      246,722        2,213,654        5,706,481        (40,625,800

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     131,115,716        57,460,692        6,133,810        38,720,388        561,961,440  

Investment transactions in affiliates (Note 3)

     208,469                             197,124  

Foreign currency contracts

     5,799        5,852        (451,214             25,662  

Translation of assets and liabilities denominated in foreign currencies

     3,191        4,776        2,863        (5,725      63,646  

Net increase in unrealized appreciation/depreciation

     131,333,175        57,471,320        5,685,459        38,714,663        562,247,872  

Net realized and unrealized gain on investments

     85,757,275        57,718,042        7,899,113        44,421,144        521,622,072  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 97,239,975      $ 61,925,087      $ 8,946,258      $ 48,228,658      $ 555,020,050  

1 Net of foreign withholding tax of:

   $ 1,069,808      $ 486,650      $ 95,220      $ 328,339      $ 3,908,786  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2021

 

 

 

      WisdomTree
Japan SmallCap
Dividend Fund
 

INVESTMENT INCOME:

  

Dividends1

   $ 4,891,795  

Dividends from affiliates (Note 3)

     55,089  

Securities lending income, net (Note 2)

     127,638  

Total investment income

     5,074,522  

EXPENSES:

 

Advisory fees (Note 3)

     1,274,660  

Service fees (Note 2)

     9,668  

Total expenses

     1,284,328  

Expense waivers (Note 3)

     (1,246

Net expenses

     1,283,082  

Net investment income

     3,791,440  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized loss from:

  

Investment transactions

     (388,175

Investment transactions in affiliates (Note 3)

     (254,200

In-kind redemptions

     (249,998

Foreign currency contracts

     (16,215

Foreign currency related transactions

     67,876  

Net realized loss

     (840,712

Net increase (decrease) in unrealized appreciation/depreciation:

  

Investment transactions

     60,622,793  

Investment transactions in affiliates (Note 3)

     209,617  

Foreign currency contracts

     71  

Translation of assets and liabilities denominated in foreign currencies

     (15,147

Net increase in unrealized appreciation/depreciation

     60,817,334  

Net realized and unrealized gain on investments

     59,976,622  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 63,768,062  

1 Net of foreign withholding tax of:

   $ 543,842  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     

WisdomTree Europe Quality

Dividend Growth Fund

     WisdomTree Europe SmallCap
Dividend Fund
     WisdomTree International Dividend
ex-Financials Fund
 
     

For the

Year Ended

March 31, 2021

     For the
Year Ended
March 31, 2020
    

For the

Year Ended
March 31, 2021

    

For the

Year Ended
March 31, 2020

    

For the

Year Ended
March 31, 2021

    

For the

Year Ended
March 31, 2020

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 820,555      $ 956,402      $ 7,372,415      $ 23,060,360      $ 5,424,734      $ 6,599,393  

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

     (239,556      (2,752,980      (53,060,466      (82,704,031      (18,254,097      (4,304,920

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

     10,913,286        (3,331,459      213,654,157        (61,868,058      54,197,622        (30,528,758

Net increase (decrease) in net assets resulting from operations

     11,494,285        (5,128,037      167,966,106        (121,511,729      41,368,259        (28,234,285

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (828,773      (908,753      (7,149,556      (24,025,680      (5,359,954      (6,679,985

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     13,027,760        5,344,762                      10,968,590         

Cost of shares redeemed

     (2,287,610      (15,199,143      (170,820,367      (201,633,798      (8,689,913      (38,213,511

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

     10,740,150        (9,854,381      (170,820,367      (201,633,798      2,278,677        (38,213,511

Net Increase (Decrease) in Net Assets

     21,405,662        (15,891,171      (10,003,817      (347,171,207      38,286,982        (73,127,781

NET ASSETS:

 

Beginning of year

   $ 25,450,470      $ 41,341,641      $ 320,230,881      $ 667,402,088      $ 106,061,172      $ 179,188,953  

End of year

   $ 46,856,132      $ 25,450,470      $ 310,227,064      $ 320,230,881      $ 144,348,154      $ 106,061,172  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     1,150,000        1,650,000        7,800,000        11,400,000        3,350,000        4,350,000  

Shares created

     450,000        200,000                      300,000         

Shares redeemed

     (100,000      (700,000      (3,350,000      (3,600,000      (250,000      (1,000,000

Shares outstanding, end of year

     1,500,000        1,150,000        4,450,000        7,800,000        3,400,000        3,350,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

      WisdomTree International Equity Fund      WisdomTree International High
Dividend Fund
     WisdomTree International LargeCap
Dividend Fund
 
      For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 18,365,088      $ 27,022,507      $ 7,741,073      $ 9,608,760      $ 11,482,700      $ 13,444,944  

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

     (51,932,857      (10,172,230      (33,380,026      (66,670      (45,575,900      (6,091,263

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

     218,558,249        (153,604,939      82,656,425        (55,862,036      131,333,175        (77,392,000

Net increase (decrease) in net assets resulting from operations

     184,990,480        (136,754,662      57,017,472        (46,319,946      97,239,975        (70,038,319

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (18,281,531      (28,034,655      (7,456,513      (9,965,602      (11,449,209      (13,724,833

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     4,792,891               7,623,205        21,726,099               21,874,879  

Cost of shares redeemed

     (149,786,802      (91,561,113      (48,734,895      (43,056,963      (60,695,563       

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

     (144,993,911      (91,561,113      (41,111,690      (21,330,864      (60,695,563      21,874,879  

Net Increase (Decrease) in Net Assets

     21,715,038        (256,350,430      8,449,269        (77,616,412      25,095,203        (61,888,273

NET ASSETS:

 

Beginning of year

   $ 580,909,720      $ 837,260,150      $ 174,235,763      $ 251,852,175      $ 327,621,763      $ 389,510,036  

End of year

   $ 602,624,758      $ 580,909,720      $ 182,685,032      $ 174,235,763      $ 352,716,966      $ 327,621,763  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     14,650,000        16,550,000        5,900,000        6,250,000        8,900,000        8,400,000  

Shares created

     100,000               200,000        800,000               500,000  

Shares redeemed

     (3,300,000      (1,900,000      (1,450,000      (1,150,000      (1,450,000       

Shares outstanding, end of year

     11,450,000        14,650,000        4,650,000        5,900,000        7,450,000        8,900,000  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

      WisdomTree International MidCap
Dividend Fund
     WisdomTree International
Multifactor Fund
     WisdomTree International Quality
Dividend Growth Fund
 
      For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 4,207,045      $ 8,498,277      $ 1,047,145      $ 808,578      $ 3,807,514      $ 2,283,124  

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

     246,722        60,242        2,213,654        (2,885,410      5,706,481        (5,176,832

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

     57,471,320        (55,875,059      5,685,459        (2,329,070      38,714,663        (8,370,092

Net increase (decrease) in net assets resulting from operations

     61,925,087        (47,316,540      8,946,258        (4,405,902      48,228,658        (11,263,800

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (4,319,792      (8,835,126      (1,004,586      (754,345      (3,650,231      (2,162,870

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

            9,411,800        13,784,134        26,327,511        97,332,082        39,944,080  

Cost of shares redeemed

     (82,613,821      (62,770,774      (16,995,212      (7,537,669      (20,154,625      (29,507,185

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

     (82,613,821      (53,358,974      (3,211,078      18,789,842        77,177,457        10,436,895  

Net Increase (Decrease) in Net Assets

     (25,008,526      (109,510,640      4,730,594        13,629,595        121,755,884        (2,989,775

NET ASSETS:

 

Beginning of year

   $ 169,412,987      $ 278,923,627      $ 33,407,722      $ 19,778,127      $ 68,551,315      $ 71,541,090  

End of year

   $ 144,404,461      $ 169,412,987      $ 38,138,316      $ 33,407,722      $ 190,307,199      $ 68,551,315  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     3,600,000        4,500,000        1,600,000        800,004        2,650,000        2,500,000  

Shares created

            150,000        600,000        1,100,000        3,100,000        1,350,000  

Shares redeemed

     (1,450,000      (1,050,000      (700,000      (300,004      (600,000      (1,200,000

Shares outstanding, end of year

     2,150,000        3,600,000        1,500,000        1,600,000        5,150,000        2,650,000  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

      WisdomTree International SmallCap
Dividend Fund
     WisdomTree Japan SmallCap
Dividend Fund
 
      For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 33,397,978      $ 58,474,303      $ 3,791,440      $ 7,505,844  

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

     (40,625,800      18,272,377        (840,712      (27,067,264

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

     562,247,872        (434,761,469      60,817,334        (4,352,258

Net increase (decrease) in net assets resulting from operations

     555,020,050        (358,014,789      63,768,062        (23,913,678

DISTRIBUTIONS TO SHAREHOLDERS:

 

Distributable earnings

     (35,298,828      (61,380,468      (5,773,349      (11,877,835

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

            135,911,833        7,761,522        8,947,474  

Cost of shares redeemed

     (277,642,196      (228,172,175      (113,118,986      (351,946,162

Net decrease in net assets resulting from capital share transactions

     (277,642,196      (92,260,342      (105,357,464      (342,998,688

Net Increase (Decrease) in Net Assets

     242,079,026        (511,655,599      (47,362,751      (378,790,201

NET ASSETS:

 

Beginning of year

   $ 1,161,439,336      $ 1,673,094,935      $ 237,503,331      $ 616,293,532  

End of year

   $ 1,403,518,362      $ 1,161,439,336      $ 190,140,580      $ 237,503,331  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     24,050,000        25,450,000        4,050,000        9,050,000  

Shares created

            2,100,000        100,000        150,000  

Shares redeemed

     (4,600,000      (3,500,000      (1,650,000      (5,150,000

Shares outstanding, end of year

     19,450,000        24,050,000        2,500,000        4,050,000  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Financial Highlights

WisdomTree Trust

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

 

 

WisdomTree Europe Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Period Ended
March 31, 2019
     For the
Period Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 22.13      $ 25.06      $ 26.24      $ 23.17      $ 22.32  

Investment operations:

 

Net investment income1

     0.66        0.62        0.61        0.53        0.48  

Net realized and unrealized gain (loss)

     9.10        (2.93      (1.05      2.94        0.88  

Total from investment operations

     9.76        (2.31      (0.44      3.47        1.36  

Dividends to shareholders:

 

Net investment income

     (0.65      (0.62      (0.74      (0.40      (0.51

Net asset value, end of year

   $ 31.24      $ 22.13      $ 25.06      $ 26.24      $ 23.17  

TOTAL RETURN2

     44.43      (9.46 )%       (1.62 )%       15.03      6.24

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 46,856      $ 25,450      $ 41,342      $ 72,163      $ 17,377  

Ratios to average net assets of:

 

Expenses

     0.58      0.58      0.58      0.58      0.58

Net investment income

     2.37      2.42      2.41      2.02      2.19

Portfolio turnover rate3

     61      43      42      18      35

 

           
WisdomTree Europe SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 41.06      $ 58.54      $ 69.55      $ 59.16      $ 57.01  

Investment operations:

 

Net investment income1

     1.31        2.43        2.57        1.88        2.04  

Net realized and unrealized gain (loss)

     28.62        (17.41      (10.87      10.39        2.32  

Total from investment operations

     29.93        (14.98      (8.30      12.27        4.36  

Dividends to shareholders:

 

Net investment income

     (1.28      (2.50      (2.71      (1.88      (2.21

Net asset value, end of year

   $ 69.71      $ 41.06      $ 58.54      $ 69.55      $ 59.16  

TOTAL RETURN2

     73.76      (26.54 )%       (12.19 )%       20.94      7.97

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 310,227      $ 320,231      $ 667,402      $ 1,224,082      $ 774,999  

Ratios to average net assets4 of:

 

Expenses5

     0.58      0.58      0.58      0.58      0.58

Net investment income

     2.39      4.15      4.06      2.76      3.68

Portfolio turnover rate3

     92      50      52      33      45
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree Europe SmallCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

4 

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

 

5 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International Dividend
ex-Financials Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 31.66      $ 41.19      $ 43.18      $ 39.72      $ 38.41  

Investment operations:

 

Net investment income1

     1.64        1.69        1.74        1.58        1.48  

Net realized and unrealized gain (loss)

     10.78        (9.52      (1.98      3.45        1.34  

Total from investment operations

     12.42        (7.83      (0.24      5.03        2.82  

Dividends to shareholders:

 

Net investment income

     (1.62      (1.70      (1.75      (1.57      (1.51

Net asset value, end of year

   $ 42.46      $ 31.66      $ 41.19      $ 43.18      $ 39.72  

TOTAL RETURN2

     39.87      (19.77 )%       (0.49 )%       12.84      7.56

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 144,348      $ 106,061      $ 179,189      $ 198,646      $ 200,568  

Ratios to average net assets3 of:

 

Expenses4

     0.58      0.58      0.58      0.58      0.58

Net investment income

     4.34      4.17      4.17      3.73      3.86

Portfolio turnover rate5

     61      45      41      35      30

 

           
WisdomTree International
Equity Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 39.65      $ 50.59      $ 54.63      $ 49.57      $ 45.90  

Investment operations:

 

Net investment income1

     1.47        1.69        1.86        1.70        1.59  

Net realized and unrealized gain (loss)

     12.99        (10.88      (3.98      4.98        3.68  

Total from investment operations

     14.46        (9.19      (2.12      6.68        5.27  

Dividends to shareholders:

 

Net investment income

     (1.48      (1.75      (1.92      (1.62      (1.60

Net asset value, end of year

   $ 52.63      $ 39.65      $ 50.59      $ 54.63      $ 49.57  

TOTAL RETURN2

     36.92      (18.80 )%       (3.89 )%       13.61      11.75

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 602,625      $ 580,910      $ 837,260      $ 914,993      $ 703,948  

Ratios to average net assets3 of:

 

Expenses4

     0.48      0.48      0.48      0.48      0.48

Net investment income

     3.13      3.36      3.59      3.15      3.41

Portfolio turnover rate5

     47      23      15      19      14
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International High
Dividend Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 29.53      $ 40.30      $ 43.25      $ 40.39      $ 37.59  

Investment operations:

 

Net investment income1

     1.54        1.65        1.78        1.66        1.63  

Net realized and unrealized gain (loss)

     9.73        (10.75      (2.89      2.79        2.79  

Total from investment operations

     11.27        (9.10      (1.11      4.45        4.42  

Dividends to shareholders:

 

Net investment income

     (1.51      (1.67      (1.84      (1.59      (1.62

Net asset value, end of year

   $ 39.29      $ 29.53      $ 40.30      $ 43.25      $ 40.39  

TOTAL RETURN2

     38.88      (23.48 )%       (2.53 )%       11.12      12.09

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 182,685      $ 174,236      $ 251,852      $ 335,180      $ 250,392  

Ratios to average net assets3 of:

 

Expenses4

     0.58      0.58      0.58      0.58      0.58

Net investment income

     4.43      4.18      4.32      3.83      4.28

Portfolio turnover rate5

     57      34      24      26      29

 

           
WisdomTree International
LargeCap Dividend Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 36.81      $ 46.37      $ 49.48      $ 45.45      $ 42.14  

Investment operations:

 

Net investment income1

     1.42        1.56        1.81        1.62        1.54  

Net realized and unrealized gain (loss)

     10.55        (9.52      (3.09      3.97        3.32  

Total from investment operations

     11.97        (7.96      (1.28      5.59        4.86  

Dividends to shareholders:

 

Net investment income

     (1.44      (1.60      (1.83      (1.56      (1.55

Net asset value, end of year

   $ 47.34      $ 36.81      $ 46.37      $ 49.48      $ 45.45  

TOTAL RETURN2

     32.91      (17.78 )%       (2.55 )%       12.41      11.79

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 352,717      $ 327,622      $ 389,510      $ 442,860      $ 359,074  

Ratios to average net assets3 of:

 

Expenses4

     0.48      0.48      0.48      0.48      0.48

Net investment income

     3.33      3.38      3.83      3.30      3.59

Portfolio turnover rate5

     38      14      14      16      15
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International MidCap
Dividend Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 47.06      $ 61.98      $ 68.12      $ 59.88      $ 55.82  

Investment operations:

 

Net investment income1

     1.51        2.03        2.00        1.84        1.60  

Net realized and unrealized gain (loss)

     20.12        (14.87      (6.17      8.17        4.03  

Total from investment operations

     21.63        (12.84      (4.17      10.01        5.63  

Dividends to shareholders:

 

Net investment income

     (1.53      (2.08      (1.97      (1.77      (1.57

Net asset value, end of year

   $ 67.16      $ 47.06      $ 61.98      $ 68.12      $ 59.88  

TOTAL RETURN2

     46.54      (21.43 )%       (6.16 )%       16.87      10.34

RATIOS/SUPPLEMENTAL DATA:

 

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

   $ 144,404      $ 169,413      $ 278,924      $ 286,089      $ 179,626  

Ratios to average net assets of:

 

Expenses

     0.58      0.58      0.58 %3,4       0.58 %3,4       0.58 %3,4 

Net investment income

     2.63      3.30      3.12 %3       2.76 %3       2.87 %3 

Portfolio turnover rate5

     62      33      28      23      31

 

       
WisdomTree International Multifactor Fund    For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the Period
August 10, 2018*
through
March 31, 2019
 

Net asset value, beginning of period

   $ 20.88      $ 24.72      $ 24.75  

Investment operations:

        

Net investment income1

     0.59        0.75        0.55  

Net realized and unrealized gain (loss)

     4.53        (3.88      (0.27

Total from investment operations

     5.12        (3.13      0.28  

Dividends to shareholders:

        

Net investment income

     (0.57      (0.71      (0.31

Net asset value, end of period

   $ 25.43      $ 20.88      $ 24.72  

TOTAL RETURN2

     24.70      (13.08 )%       1.18

RATIOS/SUPPLEMENTAL DATA:

        

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

   $ 38,138      $ 33,408      $ 19,778  

Ratios to average net assets of:

        

Expenses

     0.38      0.38 %3,4       0.38 %6 

Net investment income

     2.47      3.04 %3       3.61 %6 

Portfolio turnover rate5

     123      132      114
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6

Annualized.

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Financial Highlights (continued)

WisdomTree Trust

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

 

 

WisdomTree International Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Period Ended
March 31, 2019
     For the
Period Ended
March 31, 2018
     For the Period
April 7, 2016*
through
March 31, 2017
 

Net asset value, beginning of period

   $ 25.87      $ 28.62      $ 30.50      $ 26.14      $ 24.86  

Investment operations:

              

Net investment income1

     0.91        0.70        0.58        0.65        0.73  

Net realized and unrealized gain (loss)

     10.98        (2.77      (1.95      4.12        1.02  

Total from investment operations

     11.89        (2.07      (1.37      4.77        1.75  

Dividends to shareholders:

              

Net investment income

     (0.81      (0.68      (0.51      (0.41      (0.47

Net asset value, end of period

   $ 36.95      $ 25.87      $ 28.62      $ 30.50      $ 26.14  

TOTAL RETURN2

     46.22      (7.43 )%       (4.43 )%       18.33      7.12

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 190,307      $ 68,551      $ 71,541      $ 24,396      $ 9,149  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.41 %7       0.38 %8       0.38 %8       0.38 %8       0.38 %3,8 

Expenses, prior to expense waivers

     0.44      0.48      0.48      0.48      0.48 %3 

Net investment income

     2.73      2.38      2.05      2.18      2.97 %3 

Portfolio turnover rate4

     66      51      55      39      38

 

           
WisdomTree International
SmallCap Dividend Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 48.29      $ 65.74      $ 75.80      $ 65.18      $ 58.98  

Investment operations:

              

Net investment income1

     1.55        2.36        2.19        2.07        1.97  

Net realized and unrealized gain (loss)

     23.97        (17.32      (10.01      10.76        6.22  

Total from investment operations

     25.52        (14.96      (7.82      12.83        8.19  

Dividends to shareholders:

              

Net investment income

     (1.65      (2.49      (2.24      (2.21      (1.99

Net asset value, end of year

   $ 72.16      $ 48.29      $ 65.74      $ 75.80      $ 65.18  

TOTAL RETURN2

     53.46      (23.58 )%       (10.41 )%       19.91      14.24

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 1,403,518      $ 1,161,439      $ 1,673,095      $ 1,940,467      $ 1,284,036  

Ratios to average net assets5 of:

              

Expenses6

     0.58      0.58      0.58      0.58      0.58

Net investment income

     2.54      3.63      3.15      2.83      3.27

Portfolio turnover rate4

     74      50      35      28      38
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

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

 

5

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

 

6

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

 

7 

The investment advisor had contractually agreed to limit the advisory fee to 0.38% through July 31, 2020. On July 31, 2020, the contractual waiver expired and the advisory fee was permanently reduced to 0.42%.

 

8 

Effective April 7, 2016, the investment advisor contractually agreed to limit the advisory fee to 0.38% through July 31, 2020, unless earlier terminated by the Board of Trustees of the Trust.

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Financial Highlights (concluded)

WisdomTree Trust

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

 

 

WisdomTree Japan SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2021
     For the
Year Ended
March 31, 2020
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

Net asset value, beginning of year

   $ 58.64      $ 68.10      $ 80.93      $ 66.48      $ 55.30  

Investment operations:

              

Net investment income1

     1.17        1.14        1.00        1.47        1.11  

Net realized and unrealized gain (loss)

     18.13        (8.95      (12.61      14.27        11.16  

Total from investment operations

     19.30        (7.81      (11.61      15.74        12.27  

Dividends to shareholders:

              

Net investment income

     (1.88      (1.65      (1.22      (1.29      (1.09

Net asset value, end of year

   $ 76.06      $ 58.64      $ 68.10      $ 80.93      $ 66.48  

TOTAL RETURN2

     33.27      (11.85 )%       (14.38 )%       23.84      22.43

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 190,141      $ 237,503      $ 616,294      $ 1,100,591      $ 475,304  

Ratios to average net assets3 of:

              

Expenses4

     0.58      0.58      0.58      0.58      0.58

Net investment income

     1.73      1.67      1.35      1.94      1.84

Portfolio turnover rate5

     43      38      42      18      33
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

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

 

4 

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

 

5 

Portfolio turnover rate excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005 and is authorized to have multiple series of portfolios (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed below. In accordance with Accounting Standards Codification Topic 946, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies.

 

   
Fund    Commencement
of Operations
 

WisdomTree Europe Quality Dividend Growth Fund (“Europe Quality Dividend Growth Fund’’)

     May 7, 2014  

WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International Dividend ex-Financials Fund (“International Dividend ex-Financials Fund’’)

     June 16, 2006  

WisdomTree International Equity Fund (“International Equity Fund’’)

     June 16, 2006  

WisdomTree International High Dividend Fund (“International High Dividend Fund’’)

     June 16, 2006  

WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International Multifactor Fund (“International Multifactor Fund’’)

     August 10, 2018  

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

     April 7, 2016  

WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund’’)

     June 16, 2006  

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

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g., broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded

 

WisdomTree Trust      93  


Notes to Financial Statements (continued)

 

notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade.

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

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Pricing Committee will perform other procedures (consistent with GAAP) to value an investment when a market quote is not available. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

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

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

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

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

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these

 

94   WisdomTree Trust


Notes to Financial Statements (continued)

 

factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models may use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore such financial instruments would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

The summary of fair valuations according to the inputs used in valuing each Fund’s assets as of the measurement date is included in a “Fair Valuation Summary” supplementary table in each applicable Fund’s Schedule of Investments.

During the fiscal year ended March 31, 2021, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts as well as gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts and equity futures contracts during the year ended March 31, 2021 and open positions in such derivatives as of March 31, 2021 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements may also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at March 31, 2021 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed in the table included in Note 2—Master Netting Arrangements. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2021, if any, is reflected as a footnote within each Fund’s Schedule of Investments.

As of March 31, 2021, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

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

Europe SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $      Unrealized depreciation on foreign currency contracts    $ 627  

International Dividend ex-Financials Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      92  

International Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      98      Unrealized depreciation on foreign currency contracts      377  

International High Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      22      Unrealized depreciation on foreign currency contracts      178  

International Multifactor Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      347,472      Unrealized depreciation on foreign currency contracts      595  

International SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      2,461      Unrealized depreciation on foreign currency contracts      686  

 

WisdomTree Trust      95  


Notes to Financial Statements (continued)

 

For the fiscal year ended March 31, 2021, the effects of derivative instruments on each applicable Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

     
Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

Europe Quality Dividend Growth Fund

     

Foreign exchange contracts

   $ (1,003    $ (27

Equity contracts

     (7,769       

Europe SmallCap Dividend Fund

     

Foreign exchange contracts

     (12,891      (6,098

Equity contracts

     30,267         

International Dividend ex-Financials Fund

     

Foreign exchange contracts

     (30,023      24,649  

International Equity Fund

     

Foreign exchange contracts

     (57,635      5,066  

International High Dividend Fund

     

Foreign exchange contracts

     (70,583      3,342  

International LargeCap Dividend Fund

     

Foreign exchange contracts

     (173,471      5,799  

International MidCap Dividend Fund

     

Foreign exchange contracts

     181,752        5,852  

International Multifactor Fund

     

Foreign exchange contracts

     (891,212      (451,214

International Quality Dividend Growth Fund

     

Foreign exchange contracts

     (124,194       

International SmallCap Dividend Fund

     

Foreign exchange contracts

     (516,742      25,662  

Equity contracts

     41,568         

Japan SmallCap Dividend Fund

     

Foreign exchange contracts

     (16,215      71  
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts

Equity contracts

   Net realized gain (loss) from futures contracts
  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

 

96   WisdomTree Trust


Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2021, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

   
     Average Notional  
Fund    Foreign currency
contracts
(to deliver
USD)
     Foreign currency
contracts
(to receive
USD)
     Futures
contracts
(long)
 

Europe Quality Dividend Growth Fund

        

Equity contracts1

   $      $      $ 28,203  

Foreign exchange contracts

     9,276        6,248         

Europe SmallCap Dividend Fund

        

Equity contracts1

                   420,013  

Foreign exchange contracts

     161,046        543,824         

International Dividend ex-Financials Fund

        

Foreign exchange contracts

     195,174        121,624         

International Equity Fund

        

Foreign exchange contracts

     340,974        126,637         

International High Dividend Fund

        

Foreign exchange contracts

     95,322        11,134         

International LargeCap Dividend Fund

        

Foreign exchange contracts

     184,916        53,230         

International MidCap Dividend Fund

        

Foreign exchange contracts

     150,758        32,534         

International Multifactor Fund

        

Foreign exchange contracts

     4,424,744        23,129,305         

International Quality Dividend Growth Fund

        

Foreign exchange contracts

     57,646        6,777         

International SmallCap Dividend Fund

        

Equity contracts1

                   2,321,213  

Foreign exchange contracts

     1,973,809        696,643         

Japan SmallCap Dividend Fund

        

Foreign exchange contracts

     2,408        47,258         
  1

The volume of derivative activity for the year is based on intra-month balances.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable (with respect to foreign dividends) after the existence of a dividend declaration has been determined. On each measurement date, the Funds evaluate the collectability of receivable balances. Generally, the Funds will write-off dividend receivable balances that are canceled by the issuer as of the date that the dividend receivable cancellation notification was publicly made available or when it becomes probable that dividends will not be collected and the amount of uncollectable dividends can be reasonably estimated. Income earned from securities lending activities (i.e., securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net increase (decrease) in unrealized appreciation/depreciation from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or net increase (decrease) in unrealized appreciation/depreciation from translation of assets and liabilities denominated in foreign currencies in the

 

WisdomTree Trust      97  


Notes to Financial Statements (continued)

 

Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the International Multifactor Fund, do not expect to engage in currency transactions for the purpose of hedging against currency exposures of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Funds, except for the International Multifactor Fund, utilized forward foreign currency contracts (“Forward Contracts”) primarily to facilitate foreign security settlements. The International Multifactor Fund utilized Forward Contracts primarily to offset applicable international currency exposure from certain positions in international equities. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

Futures Contracts — The Europe Quality Dividend Growth Fund, Europe SmallCap Dividend Fund and International SmallCap Dividend Fund utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with their investment objectives during each Fund’s annual portfolio rebalance. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells

 

98   WisdomTree Trust


Notes to Financial Statements (continued)

 

a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day or at other agreed-upon time periods depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts, variation margin payments may be made or received when the futures contract expires. Variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

As of March 31, 2021, there were no open futures contracts in the Funds.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. As compensation for lending its securities, each Fund retains all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower (net of any fee rebates paid to the borrower). The lending agent receives a portion of the income earned by the Funds in connection with the lending program. The net securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend income earned on the securities loaned is accounted for in the same manner as other dividend income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower if the value of the collateral received is insufficient to cover the market value of the securities loaned.

Master Netting Arrangements — Codification Topic 210 (“ASC 210”), Balance Sheet, requires disclosures generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASC 210 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASC 210 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund enters into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), such as Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

 

WisdomTree Trust      99  


Notes to Financial Statements (continued)

 

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g., foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2021, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

 
Fund   Financial
Instruments
    Collateral
Received
    Financial
Instruments
    Collateral
Posted
 

Europe Quality Dividend Growth Fund

               

Securities Lending

  $ 672,003     $     $ (672,003 )1    $     $     $     $     $  

Europe SmallCap Dividend Fund

               

Securities Lending

    11,357,587             (11,357,587 )1                               

Foreign Currency Contracts

                            627                   627  

International Dividend ex-Financials Fund

               

Securities Lending

    19,304,061             (19,304,061 )1                               

Foreign Currency Contracts

                            92                   92  

International Equity Fund

               

Securities Lending

    62,259,958             (62,259,958 )1                               

Foreign Currency Contracts

    98       (46           52       377       (46           331  

International High Dividend Fund

               

Securities Lending

    26,428,911             (26,428,911 )1                               

Foreign Currency Contracts

    22       (22                 178       (22           156  

International LargeCap Dividend Fund

               

Securities Lending

    36,031,077             (36,031,077 )1                               

International MidCap Dividend Fund

               

Securities Lending

    20,380,339             (20,380,339 )1                               

International Multifactor Fund

               

Securities Lending

    580,467             (580,467 )1                               

Foreign Currency Contracts

    347,472       (274           347,198       595       (274           321  

International Quality Dividend Growth Fund

               

Securities Lending

    13,954,577             (13,954,577 )1                               

International SmallCap Dividend Fund

               

Securities Lending

    117,076,664             (117,076,664 )1                               

Foreign Currency Contracts

    2,461       (19           2,442       686       (19           667  

Japan SmallCap Dividend Fund

               

Securities Lending

    33,395,395             (33,395,395 )1                               
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

 

100   WisdomTree Trust


Notes to Financial Statements (continued)

 

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Code, known as subchapter M (“Subchapter M”), addresses the ways by which investment companies and investment trusts may pass income through to shareholders in order to avoid double taxation. Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code so that it will not be subject to federal income tax on income and gains that are timely distributed to Fund shareholders. Accordingly, no provision for U.S. federal income taxes is required. In order to qualify for the special tax treatment accorded to RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Investments Corporation (‘‘Mellon’’) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets.

 

WisdomTree Trust      101  


Notes to Financial Statements (continued)

 

WTAM expects to receive annual advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

Europe Quality Dividend Growth Fund

     0.58

Europe SmallCap Dividend Fund

     0.58

International Dividend ex-Financials Fund

     0.58

International Equity Fund

     0.48

International High Dividend Fund

     0.58

International LargeCap Dividend Fund

     0.48

International MidCap Dividend Fund

     0.58

International Multifactor Fund

     0.38

International Quality Dividend Growth Fund

     0.42 %1 

International SmallCap Dividend Fund

     0.58

Japan SmallCap Dividend Fund

     0.58
  1 

Prior to the close of business on July 31, 2020, WTAM received an annual advisory fee of 0.48% (before fee waivers) based on the Fund’s average daily net assets and had contractually agreed to limit the advisory fee to 0.38% through July 31, 2020 (the advisory fee waiver expiration date). Effective the close of business on July 31, 2020, the contractual advisory fee waiver expired and the advisory fee annual rate (before fee waivers) was permanently reduced to 0.42%.

Affiliated holdings are investments in entities in which the Fund owns 5% or more of the outstanding voting securities or are investments in entities which are under common ownership or control. Transactions in shares of affiliated ETFs for the year ended March 31, 2021, as applicable, are included in an “Investment in Affiliates” supplementary table in each applicable Fund’s Schedule of Investments. For these transactions, WTAM voluntarily waives a portion of the advisory fees, that it would otherwise charge, in an amount equal to the indirect AFFE (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) attributable to each Fund’s investment in affiliated ETFs. The dollar amount of advisory fees waived during the period for the Funds, if any, are included in the Statement of Operations in “Expense waivers”.

During the fiscal year ended March 31, 2021, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2021, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/Loss
 

Europe Quality Dividend Growth Fund

   $ 5,076,771      $ 6,546,971      $ 418,474  

Europe SmallCap Dividend Fund

     5,597,375        24,752,722        2,404,398  

International Dividend ex-Financials Fund

     11,409,401        8,881,345        1,102,150  

International Equity Fund

     28,671,814        27,373,399        1,539,489  

International High Dividend Fund

     4,997,611        5,771,890        (607,820

International LargeCap Dividend Fund

     18,766,669        4,619,210        178,270  

International MidCap Dividend Fund

     17,658,610        18,220,179        2,838,102  

International Quality Dividend Growth Fund

     12,006,094        12,943,660        369,358  

International SmallCap Dividend Fund

     43,727,493        50,919,362        4,481,153  

Japan SmallCap Dividend Fund

     17,406,455        7,005,377        367,264  

WTAM and/or WisdomTree Investments (collectively herein, “WT”) may from time to time own shares of a Fund. As of and for the fiscal year ended March 31, 2021, WT held shares of and received distributions from the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

       
Fund    Fund Shares
held by WT
     Market Value of
Fund Shares
held by WT
     Dividends and
Distributions paid to
WT on
Fund Shares
held by WT
 

Europe Quality Dividend Growth Fund

     104      $ 3,252      $ 12  

International Equity Fund

     120        6,310        83  

International Multifactor Fund

     499        12,709        136  

International Quality Dividend Growth Fund

     286        10,605        107  

International SmallCap Dividend Fund

     261        18,852        385  

 

102   WisdomTree Trust


Notes to Financial Statements (continued)

 

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2021, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a basket of securities and/or an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2021 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Europe Quality Dividend Growth Fund

   $ 20,731,676      $ 20,805,133      $ 12,986,064      $ 2,271,372  

Europe SmallCap Dividend Fund

     282,260,881        278,725,254               169,665,520  

International Dividend ex-Financials Fund

     75,159,102        75,059,531        10,556,216        8,625,804  

International Equity Fund

     272,052,311        280,471,245        4,542,167        141,699,248  

International High Dividend Fund

     98,026,068        98,251,394        7,257,989        48,089,300  

International LargeCap Dividend Fund

     128,673,052        130,643,725               58,909,288  

International MidCap Dividend Fund

     97,493,012        98,395,163               81,869,614  

International Multifactor Fund

     50,705,587        51,098,016        13,205,374        16,646,799  

International Quality Dividend Growth Fund

     96,502,184        90,764,740        89,787,481        19,966,044  

International SmallCap Dividend Fund

     959,988,860        961,547,878               274,581,399  

Japan SmallCap Dividend Fund

     91,195,230        92,274,441        7,926,539        112,788,264  

6. FEDERAL INCOME TAXES

At March 31, 2021, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
   

Net
Unrealized
Appreciation/

(Depreciation)

   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

Europe Quality Dividend Growth Fund

  $ 40,663,531     $ 7,586,667     $ (1,298,364   $ 6,288,303             $     $     $     $ 6,288,303  

Europe SmallCap Dividend Fund

    261,725,821       58,108,626       (4,914,383     53,194,243                     (627     (627     53,193,616  

International Dividend ex-Financials Fund

    148,779,341       18,506,689       (9,115,569     9,391,120                     (60     (60     9,391,060  

International Equity Fund

    535,598,121       122,607,717       (19,549,484     103,058,233               98       (377     (279     103,057,954  

International High Dividend Fund

    186,734,888       23,705,962       (9,445,202     14,260,760               22       (178     (156     14,260,604  

International LargeCap Dividend Fund

    314,565,282       70,410,591       (12,942,652     57,467,939                                 57,467,939  

International MidCap Dividend Fund

    141,409,899       19,880,796       (5,930,728     13,950,068                                 13,950,068  

International Multifactor Fund

    34,239,861       4,231,607       (574,565     3,657,042               11,501       (5     11,496       3,668,538  

International Quality Dividend Growth Fund

    164,667,441       30,712,845       (2,309,950     28,402,895                                 28,402,895  

 

WisdomTree Trust      103  


Notes to Financial Statements (continued)

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
   

Net
Unrealized
Appreciation/

(Depreciation)

   

Total Net
Unrealized
Appreciation/

(Depreciation)

 

International SmallCap Dividend Fund

  $ 1,236,514,349     $ 248,979,422     $ (38,765,035   $ 210,214,387             $     $ (686   $ (686   $ 210,213,701  

Japan SmallCap Dividend Fund

    216,761,531       14,080,928       (26,760,741     (12,679,813                               (12,679,813
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain and loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(depreciation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

At March 31, 2021, the components of total distributable earnings (loss) on a tax-basis were as follows:

 

           
Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
    

Net Unrealized
Appreciation/

(Depreciation)

     Currency and
Other Unrealized
Appreciation/
(Depreciation)
    

Total

Distributable
Earnings (Loss)

 

Europe Quality Dividend Growth Fund

   $ 98,794      $ (7,373,268    $ 6,288,303      $ 2,970      $ (983,201

Europe SmallCap Dividend Fund

     1,102,314        (307,156,807      53,193,616        29,617        (252,831,260

International Dividend ex-Financials Fund

     554,612        (48,408,131      9,391,060        2,886        (38,459,573

International Equity Fund

     2,436,770        (163,666,673      103,057,954        54,248        (58,117,701

International High Dividend Fund

     871,300        (81,211,061      14,260,604        13,815        (66,065,342

International LargeCap Dividend Fund

     1,247,553        (107,977,801      57,467,939        20,314        (49,241,995

International MidCap Dividend Fund

     640,789        (34,105,143      13,950,068        3,823        (19,510,463

International Multifactor Fund

     183,674        (4,029,390      3,668,538        408        (176,770

International Quality Dividend Growth Fund

     528,084        (5,626,708      28,402,895        (12,734      23,291,537  

International SmallCap Dividend Fund

     8,124,461        (210,857,879      210,213,701        21,101        7,501,384  

Japan SmallCap Dividend Fund

     2,093,231        (96,817,070      (12,679,813      (9,503      (107,413,155

The tax character of distributions paid during the fiscal years ended March 31, 2021 and March 31, 2020, was as follows:

 

     
    

Year Ended

March 31, 2021

    

Year Ended

March 31, 2020

 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
 

Europe Quality Dividend Growth Fund

   $ 828,773      $ 908,753  

Europe SmallCap Dividend Fund

     7,149,556        24,025,680  

International Dividend ex-Financials Fund

     5,359,954        6,679,985  

International Equity Fund

     18,281,531        28,034,655  

International High Dividend Fund

     7,456,513        9,965,602  

International LargeCap Dividend Fund

     11,449,209        13,724,833  

International MidCap Dividend Fund

     4,319,792        8,835,126  

International Multifactor Fund

     1,004,586        754,345  

International Quality Dividend Growth Fund

     3,650,231        2,162,870  

International SmallCap Dividend Fund

     35,298,828        61,380,468  

Japan SmallCap Dividend Fund

     5,773,349        11,877,835  
  *

Includes short-term capital gains, if any.

 

104   WisdomTree Trust


Notes to Financial Statements (continued)

 

At March 31, 2021, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. The loss carryforward amounts do not have an expiration date and, therefore, can be carried forward indefinitely until utilized. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders. During the fiscal year ended March 31, 2021, the Funds did not utilize any available capital loss carryforward amounts given that there were no tax-basis capital gains.

 

       
Fund    Short-Term      Long-Term      Capital Loss
Available Total
 

Europe Quality Dividend Growth Fund

   $ 4,144,022      $ 3,229,246      $ 7,373,268  

Europe SmallCap Dividend Fund

     113,281,805        193,875,002        307,156,807  

International Dividend ex-Financials Fund

     15,246,453        33,161,678        48,408,131  

International Equity Fund

     22,709,728        140,956,945        163,666,673  

International High Dividend Fund

     8,504,828        72,706,233        81,211,061  

International LargeCap Dividend Fund

     14,543,998        93,433,803        107,977,801  

International MidCap Dividend Fund

     8,214,530        25,890,613        34,105,143  

International Multifactor Fund

     3,357,690        671,700        4,029,390  

International Quality Dividend Growth Fund

     931,236        4,695,472        5,626,708  

International SmallCap Dividend Fund

     126,429,337        84,428,542        210,857,879  

Japan SmallCap Dividend Fund

     70,036,230        26,780,840        96,817,070  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year. At March 31, 2021, the Funds did not have any post-October capital losses or late year-ordinary losses to defer.

At March 31, 2021, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as shown in the following table. The differences are primarily due to redemptions-in-kind.

 

     
Fund    Total
Distributable
Earnings (Loss)
     Paid-in Capital  

Europe Quality Dividend Growth Fund

   $ (179,395    $ 179,395  

Europe SmallCap Dividend Fund

     (23,785,430      23,785,430  

International Dividend ex-Financials Fund

     (551,735      551,735  

International Equity Fund

     (30,544,232      30,544,232  

International High Dividend Fund

     (8,452,558      8,452,558  

International LargeCap Dividend Fund

     (15,283,946      15,283,946  

International MidCap Dividend Fund

     (12,312,389      12,312,389  

International Multifactor Fund

     (2,620,791      2,620,791  

International Quality Dividend Growth Fund

     (6,403,696      6,403,696  

International SmallCap Dividend Fund

     (48,304,958      48,304,958  

Japan SmallCap Dividend Fund

     369,553        (369,553

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign withholding taxes, as applicable, are accrued based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Foreign withholding taxes are accrued and applied to foreign income, net realized capital gains and net unrealized appreciation, as applicable, as the foreign income is earned or capital gains and unrealized appreciation are recorded. The dollar amount of applicable foreign withholding taxes on foreign income is included net in the Statements of Operations in “Dividend Income,” the foreign capital gains tax applicable on the disposal of securities is included in the Statements of Operations in “Net realized gain (loss) from investment transactions” and the dollar amount of deferred foreign capital gains tax applicable on the unrealized appreciation on securities held is included in the Statements of Operations in “Net increase (decrease) in unrealized appreciation/depreciation from investment transactions”. The Funds file foreign withholding tax reclaims in certain jurisdictions to recover a portion of the amounts previously withheld. The Funds record a foreign tax reclaim receivable on the ex-dividend date if the tax reclaim is “more likely than not” to be sustained assuming examination by tax authorities. This determination is based on, among other things, a jurisdiction’s legal obligation to pay reclaims as well as payment history and market convention. Foreign tax reclaims that have been recorded but not yet received are shown on the Statements of Assets and Liabilities in “Receivables: Foreign tax reclaims”. As of and during the fiscal year or period ended March 31, 2021, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal

 

WisdomTree Trust      105  


Notes to Financial Statements (concluded)

 

Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2021, remains subject to examination by taxing authorities. Specific to foreign countries in which the Funds invest, all open tax years remain subject to examination by taxing authorities in the respective jurisdictions.

7. ADDITIONAL INFORMATION

The respiratory disease caused by a novel coronavirus (“COVID-19”) has spread globally for over a year, resulting in a global pandemic and major disruption to global markets and economies. In an organized attempt to contain and mitigate the effects of COVID-19, governments and businesses world-wide took aggressive measures, including businesses canceling dividends to preserve cash, governments closing borders, restricting international and domestic travel, and the imposition of prolonged quarantines of large populations. COVID-19 has resulted in the disruption of and delays in the delivery of healthcare services and processes, the cancellation of organized events and educational institutions, the disruption of production and supply chains, a decline in consumer demand for certain goods and services, and general concern and uncertainty, all of which have contributed to increased volatility in global markets. In recent months, however, the rapid COVID-19 vaccination rollout in the United States and certain other developed countries, coupled with the passage of stimulus programs in the U.S. and abroad, have resulted in a reversal of many of these trends, including the re-opening of businesses, a reduction in quarantine requirements, increased consumer demand, and the resumption of certain in-person schooling, travel and events. Despite these positive trends, the prevalence of new COVID-19 variants, a failure to achieve herd immunity, or other unforeseen circumstances may result in the continued spread of the virus throughout unvaccinated populations or a resurgence in infections among vaccinated populations. As a result, it remains unclear if recent positive trends will continue in developed markets and whether such trends will spread world-wide to countries with limited access to vaccines that are still experiencing rising COVID-19 cases, hospitalizations and deaths.

The effects of COVID-19 have affected and are likely to continue to affect certain sectors and industries more dramatically than others, and the effects borne by some will negatively affect the value of the issuers in those sectors and industries, which may adversely affect the value of a Fund’s investments in those sectors or industries. It is also true that the speed at which global economies recover, or fail to recover, from the COVID-19 pandemic will affect certain sectors, industries, and issuers more dramatically than others, which in turn may adversely affect certain Fund investments.

COVID-19, and other epidemics and pandemics that may arise in the future, could adversely affect the economies of many nations, the global economy, individual companies and capital markets in ways that cannot be foreseen at the present time. In addition, the impact of infectious diseases in developing or emerging market countries may be greater due to limited health care resources, including access to COVID-19 vaccinations and treatments. Political, economic and social stresses caused by COVID-19 also may exacerbate other pre-existing political, social and economic risks in certain countries. The duration of COVID-19 and its effects cannot be determined fully at this time, but the effects could be present for an extended period of time. It is impossible to predict the effects on the Funds of these or similar events and market conditions in the future. However, it is possible that these or similar events and market conditions could have a significant and adverse effect on the NAV and/or risk profile of a Fund.

 

106   WisdomTree Trust


Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree Europe Quality Dividend Growth Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International Equity Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International Multifactor Fund, WisdomTree International Quality Dividend Growth Fund, WisdomTree International SmallCap Dividend Fund and WisdomTree Japan SmallCap Dividend Fund and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Europe Quality Dividend Growth Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International Equity Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International Multifactor Fund, WisdomTree International Quality Dividend Growth Fund, WisdomTree International SmallCap Dividend Fund and WisdomTree Japan SmallCap Dividend Fund (collectively referred to as the “Funds”), (eleven of the funds constituting WisdomTree Trust (the “Trust”)), including the schedules of investments, as of March 31, 2021, and the related statements of operations and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (eleven of the funds constituting WisdomTree Trust) at March 31, 2021, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust    Statement of
operations
   Statements of changes
in net assets
   Financial highlights

WisdomTree Europe Quality Dividend Growth Fund

WisdomTree Europe SmallCap Dividend Fund

WisdomTree International Dividend ex-Financials Fund

WisdomTree International Equity Fund

WisdomTree International High Dividend Fund

WisdomTree International LargeCap Dividend Fund

WisdomTree International MidCap Dividend Fund

WisdomTree International SmallCap Dividend Fund

WisdomTree Japan SmallCap Dividend Fund

   For the year ended March 31, 2021    For each of the two years in the period ended March 31, 2021    For each of the five years in the period ended March 31, 2021

WisdomTree International Multifactor Fund

   For the year ended March 31, 2021    For each of the two years in the period ended March 31, 2021    For each of the two years in the period ended March 31, 2021 and the period from August 10, 2018 (commencement of operations) through March 31, 2019

WisdomTree International Quality Dividend Growth Fund

   For the year ended March 31, 2021    For each of the two years in the period ended March 31, 2021    For each of the four years in the period ended March 31, 2021 and the period from April 7, 2016 (commencement of operations) through March 31, 2017

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2021, by correspondence with the custodian and brokers or by other appropriate auditing procedures where

 

WisdomTree Trust      107  


Report of Independent Registered Public Accounting Firm (concluded)

 

replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, New York

May 26, 2021

 

108   WisdomTree Trust


Liquidity Risk Management Program (unaudited)

 

Effective June 1, 2019, the Funds adopted a liquidity risk management program (the “Program”) pursuant to the requirements of Rule 22e-4 (the “Rule”) under the Investment Company Act of 1940, as amended. The Rule requires registered open-end funds, including exchange-traded funds such as the Funds, to establish liquidity risk management programs in order to effectively manage fund liquidity and shareholder redemptions. The Rule is designed to mitigate the risk that a Fund could not meet redemption requests without significantly diluting the interest of remaining investors. The Board has appointed WisdomTree Asset Management, Inc., the investment advisor to the Funds, as the Program Administrator for each Fund’s Program.

The Rule requires the Funds to assess, manage and review their liquidity risk at least annually considering applicable factors such as investment strategy and liquidity during normal and foreseeable stressed conditions, including whether the strategy is appropriate for an open-ended fund and whether the Fund has a relatively concentrated portfolio or large positions in particular issuers. The Funds must also assess their use of borrowings and derivatives, short-term and long-term cash flow projections in normal and stressed conditions, holdings of cash and cash equivalents, and borrowing arrangements and other funding sources.

The Rule also requires the Funds to classify their investments into one of four liquidity categories: highly liquid, moderately liquid, less liquid or illiquid based on the number of days a Fund expects it would take to liquidate the investment, and to review these classifications at least monthly or more often under certain conditions. The periods range from three or fewer business days for a highly liquid investment to greater than seven calendar days for settlement of a less liquid investment. Illiquid investments are those a Fund does not expect to be able to sell or dispose of within seven calendar days without significantly changing the market value of the investment. A Fund is prohibited from acquiring an investment if, after the acquisition, its holdings of illiquid assets will exceed 15% of its net assets. In addition, if a Fund permits redemptions in-kind, the Rule requires the Fund to establish redemption in-kind policies and procedures governing how and when it will engage in such redemptions.

Pursuant to the Rule’s requirements, the Program has been reviewed and approved by the Fund’s Board. Furthermore, the Board has received a written report prepared by the Program Administrator that addresses the operation of the Program, assesses its adequacy and effectiveness and describes any material changes made to the Program. The Program Administrator has monitored the Fund’s liquidity risk and the liquidity classifications of the securities held by the Fund and has determined that the Program is operating effectively.

During the period from January 1, 2020 to December 31, 2020, there were no material changes to the Program and no material liquidity events that impacted the Funds. During the period, the Funds held sufficient highly liquid assets to meet fund redemptions.

Under normal expected foreseeable Fund redemption forecasts and foreseeable stressed Fund redemption forecasts, the Program Administrator believes that the Funds maintain sufficient highly liquid assets to meet Fund redemptions.

 

WisdomTree Trust      109  


Trustees and Officers Information (unaudited)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s)
Held with

the Trust, Term of

Office and Length
of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other

Directorships

Held by Trustee

During Past
5 Years

Trustees Who Are Interested Persons of the Trust
Jonathan Steinberg
(1964)
  Trustee, 2005- present; President, 2005-present   Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019.     68     Director, WisdomTree Investments, Inc. and WisdomTree Asset Management.
Trustees Who Are Not Interested Persons of the Trust
David G. Chrencik*
(1948)
  Trustee, 2014-present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     68     None
Joel Goldberg**, ***
(1945)
  Trustee, 2012-present   Attorney, Partner at Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     68     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro***
(1955)
  Trustee, 2006-present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean of the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     68     None

Melinda A. Raso Kirstein****

(1955)

  Trustee, 2014-present   Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     68     Associate Alumnae of Douglass College, Chair of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006-present; Chairman of the Board, 2006-present   Private Investor, from 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     68     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

 

110   WisdomTree Trust


Trustees and Officers Information (unaudited) (concluded)

 

Name
and Year of Birth
of Trustee/Officer

 

Position(s)
Held with

the Trust, Term of

Office and Length
of Time Served

 

Principal Occupation(s)

During Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
   

Other

Directorships

Held by Trustee

During Past
5 Years

Officers of the Trust

Jonathan Steinberg*****

(1964)

 

President, 2005-

present; Trustee, 2005-present

  Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management from 2012 to 2019.     68     None

David Castano*****

(1971)

  Treasurer, 2013-present   Head of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Director of Fund Accounting & Administration, WisdomTree Asset Management, 2011 to 2020.     68     None

Terry Jane Feld*****

(1960)

  Chief Compliance Officer, 2012-present   Chief Compliance Officer WisdomTree Asset Management since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011.     68     None

Ryan Louvar*****

(1972)

  Secretary and Chief Legal Officer, 2013-present   General Counsel, WisdomTree Asset Management since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.     68     None

Joanne Antico*****

(1975)

 

Assistant Secretary,

2018-present

  Assistant General Counsel, WisdomTree Asset Management since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     68     None

Clint Martin*****

(1977)

  Assistant Treasurer, 2015-present   Director of Fund Accounting & Administration, WisdomTree Asset Management, since 2020; Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, 2012 to 2020.     68     None

 

+

As of March 31, 2021.

 

*

Chair of the Audit Committee.

 

**

Chair of the Contracts Review Committee.

 

***

Co-Chair of the Governance, Nominating and Compliance Committee.

 

****

Chair of the Investment Committee.

 

*****

Elected by and serves at the pleasure of the Board.

 

WisdomTree Trust      111  


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2021, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2022.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2021, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

Europe Quality Dividend Growth Fund

   $ 828,773  

Europe SmallCap Dividend Fund

     7,149,556  

International Dividend ex-Financials Fund

     4,096,612  

International Equity Fund

     16,440,377  

International High Dividend Fund

     6,895,435  

International LargeCap Dividend Fund

     10,778,467  

International MidCap Dividend Fund

     3,449,541  

International Multifactor Fund

     1,004,586  

International Quality Dividend Growth Fund

     3,650,231  

International SmallCap Dividend Fund

     32,055,664  

Japan SmallCap Dividend Fund

     4,117,140  

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2021. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Europe Quality Dividend Growth Fund

   $ 900,659      $ 58,333  

Europe SmallCap Dividend Fund

     7,513,906        421,823  

International Dividend ex-Financials Fund

     5,782,435        235,188  

International Equity Fund

     19,707,124        1,224,248  

International High Dividend Fund

     8,236,162        453,198  

International LargeCap Dividend Fund

     12,293,596        783,326  

International MidCap Dividend Fund

     4,605,792        281,851  

International Multifactor Fund

     1,143,478        94,116  

International Quality Dividend Growth Fund

     4,109,593        269,092  

International SmallCap Dividend Fund

     35,251,664        2,809,928  

Japan SmallCap Dividend Fund

     4,174,050        418,048  

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2021, that qualify for the 70% dividends received deduction for corporate shareholders:

 

   
Fund    Dividends-Received
Deduction
 

Europe Quality Dividend Growth Fund

     0.11

Europe SmallCap Dividend Fund

     3.43

International Dividend ex-Financials Fund

      

International Equity Fund

     0.06

International High Dividend Fund

     0.07

International LargeCap Dividend Fund

      

International MidCap Dividend Fund

      

International Multifactor Fund

      

International Quality Dividend Growth Fund

     0.11

International SmallCap Dividend Fund

     1.30

Japan SmallCap Dividend Fund

      

 

112   WisdomTree Trust


General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

Previously, the Funds were required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Beginning in April 2019, the Funds ceased filing Form N-Q and commenced filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

WisdomTree Trust      113  


The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Indexes are unmanaged and you cannot invest directly in an index.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.


WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-4834


Item 2.

Code of Ethics.

 

  (a)

The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.

 

  (c)

There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

 

  (d)

The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

 

  (f)

The code of ethics is attached hereto as exhibit 13(a)(1).

 

Item 3.

Audit Committee Financial Expert.

The registrant’s Board of Trustees has determined that the registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the registrant’s audit committee is David Chrencik, who is an independent trustee of the registrant, as that term is defined under Item 3(a) (2).

 

Item 4.

Principal Accountant Fees and Services.

Audit Fees

 

  (a)

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years were $1,024,526 for 2021 and $1,056,224 for 2020.

Audit-Related Fees

 

  (b)

The aggregate fees billed for each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item were $209,740 for 2021 and $101,500 for 2020. Audit-Related Fees represent service fees for analysis of potential Passive Foreign Investment Companies.


Tax Fees

 

  (c)

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were $343,555 for 2021 and $360,318 for 2020.

All Other Fees

 

  (d)

The aggregate fees billed for each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item were $0 for 2021 and $0 for 2020.

 

  (e)(1)

Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

Per Rule 2-01(c) (7) (A), the registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the registrant or to provide non-audit services to the registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the registrant’s principal accountant to the registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the registrant are compatible with maintaining the auditor’s independence.

 

  (e)(2)

The registrant’s audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

 

  (f)

The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

 

  (g)

The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $343,555 for 2021 and $360,318 for 2020.

 

  (h)

Not applicable.


Item 5.

Audit Committee of Listed Registrants.

The registrant is an issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and has a separately-designated standing audit committee established in accordance with Section 3(a)(58)A of the Exchange Act. The registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.

 

Item 6.

Investments.

 

(a)

Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

 

(b)

Not applicable.

 

Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

 

Item 8.

Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

 

Item 9.

Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

 

Item 10.

Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

 

Item 11.

Controls and Procedures.

 

  (a)

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).


  (b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 12.

Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

 

Item 13.

Exhibits.

 

(a)(1)   Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto.
(a)(2)   Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.
(a)(3)   Not applicable.
(a)(4)   Not applicable.
(b)   Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)  

WisdomTree Trust

By (Signature and Title)  

/s/ Jonathan Steinberg

 

Jonathan L. Steinberg, President

(principal executive officer)

Date:   July 27, 2021

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)  

/s/ Jonathan Steinberg

 

Jonathan L. Steinberg, President

(principal executive officer)

Date:  

July 27, 2021

 

By (Signature and Title)  

/s/ David Castano

 

David Castano, Treasurer

(principal financial officer)

Date:  

July 27, 2021