WisdomTree Trust
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21864

 

 

WisdomTree Trust

(Exact name of registrant as specified in charter)

 

 

245 Park Avenue, 35th Floor

New York, NY 10167

(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

 

 

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

Date of fiscal year end: June 30

Date of reporting period: December 31, 2017

 

 

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

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

 

 

 


Table of Contents
Item 1. Reports to Stockholders.

The Report to Shareholders is attached herewith.


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Semi-Annual Report

December 31, 2017

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

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

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

WisdomTree Emerging Markets Dividend Fund (DVEM)

WisdomTree Europe Domestic Economy Fund (EDOM)

WisdomTree Global ex-Mexico Equity Fund (XMX)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

WisdomTree Global SmallCap Dividend Fund (GSD)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

U.S. Equity ETFs:

WisdomTree U.S. Domestic Economy Fund (WUSA)

WisdomTree U.S. Export and Multinational Fund (WEXP)

Fixed Income ETFs:

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

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

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

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

Alternative ETFs:

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

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

Asset Allocation ETFs:

WisdomTree Balanced Income Fund (WBAL)


Table of Contents

Table of Contents

 

Performance Summaries (unaudited)

       1  

Description of Indexes (unaudited)

       22  

Shareholder Expense Examples (unaudited)

       26  
Schedules of Investments (unaudited)     

WisdomTree Dynamic Currency Hedged Europe Equity Fund

       29  

WisdomTree Dynamic Currency Hedged International Equity Fund

       33  

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund

       45  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

       49  

WisdomTree Dynamic Currency Hedged Japan Equity Fund

       62  

WisdomTree Emerging Markets Dividend Fund

       67  

WisdomTree Europe Domestic Economy Fund

       77  

WisdomTree Global ex-Mexico Equity Fund

       80  

WisdomTree Global Hedged SmallCap Dividend Fund

       87  

WisdomTree Global SmallCap Dividend Fund

       94  

WisdomTree ICBCCS S&P China 500 Fund

       101  

WisdomTree Strong Dollar Emerging Markets Equity Fund

       107  

WisdomTree U.S. Domestic Economy Fund

       110  

WisdomTree U.S. Export and Multinational Fund

       115  

WisdomTree Fundamental U.S. Corporate Bond Fund

       118  

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund

       120  

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund

       122  

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

       124  

WisdomTree Dynamic Bearish U.S. Equity Fund

       126  

WisdomTree Dynamic Long/Short U.S. Equity Fund

       129  

WisdomTree Balanced Income Fund

       131  

Statements of Assets and Liabilities (unaudited)

       132  

Statements of Operations (unaudited)

       137  

Statements of Changes in Net Assets (unaudited)

       142  

Financial Highlights (unaudited)

       149  

Notes to Financial Statements (unaudited)

       160  

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

       177  

General Information (unaudited)

       182  

 

 

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


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Financials

    23.8%  

Industrials

    13.2%  

Consumer Discretionary

    13.1%  

Utilities

    10.7%  

Consumer Staples

    9.6%  

Energy

    7.6%  

Materials

    7.1%  

Telecommunication Services

    5.6%  

Health Care

    4.6%  

Information Technology

    3.2%  

Real Estate

    1.6%  

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. It does not include derivatives (if any).

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Anheuser-Busch InBev S.A.

    3.6%  

TOTAL S.A.

    2.8%  

Daimler AG, Registered Shares

    2.8%  

Allianz SE, Registered Shares

    2.6%  

Eni SpA

    2.1%  

Siemens AG, Registered Shares

    2.1%  

BASF SE

    2.0%  

ING Groep N.V.

    1.9%  

Banco Santander S.A.

    1.9%  

Enel SpA

    1.8%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Dynamic Currency Hedged Europe Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Europe Equity Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

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

Fund NAV Returns

     8.05      21.36      16.91

Fund Market Price Returns

     7.48      22.23      17.55

WisdomTree Dynamic Currency Hedged Europe Equity Index

     8.02      21.31      17.01

MSCI European Economic and Monetary Union (EMU) Local Currency Index

     3.78      12.63      11.65

MSCI European Economic and Monetary Union (EMU) Index

     9.20      28.07      17.56
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      1  


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Financials

    22.4%  

Industrials

    12.8%  

Consumer Discretionary

    12.1%  

Consumer Staples

    9.5%  

Energy

    9.2%  

Health Care

    8.2%  

Telecommunication Services

    7.3%  

Materials

    6.4%  

Utilities

    5.6%  

Information Technology

    3.7%  

Real Estate

    2.8%  

Other Assets less Liabilities

    0.0%

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Royal Dutch Shell PLC, Class B

    1.8%  

HSBC Holdings PLC

    1.6%  

BP PLC

    1.6%  

Royal Dutch Shell PLC, Class A

    1.5%  

Novartis AG, Registered Shares

    1.4%  

Nestle S.A., Registered Shares

    1.3%  

Toyota Motor Corp.

    1.3%  

China Mobile Ltd.

    1.2%  

TOTAL S.A.

    1.1%  

Anheuser-Busch InBev S.A.

    1.1%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Dynamic Currency Hedged International Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Equity Index. The 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.35% and 0.40%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

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

Fund NAV Returns

       8.72      18.52      16.45

Fund Market Price Returns

       8.28      18.83      16.62

WisdomTree Dynamic Currency Hedged International Equity Index

       8.72      18.47      16.52

MSCI EAFE Local Currency Index

       7.14      15.23      13.35

MSCI EAFE Index

       9.86      25.03      15.76
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

2   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Consumer Discretionary

    19.6%  

Consumer Staples

    19.3%  

Health Care

    19.2%  

Industrials

    16.9%  

Information Technology

    11.7%  

Materials

    5.0%  

Financials

    3.5%  

Real Estate

    3.4%  

Telecommunication Services

    0.9%  

Energy

    0.4%  

Other Assets less Liabilities

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Roche Holding AG, Genusschein

    5.5%  

Novo Nordisk A/S, Class B

    5.5%  

Unilever N.V., CVA

    4.1%  

British American Tobacco PLC

    3.5%  

LVMH Moet Hennessy Louis Vuitton SE

    3.2%  

Diageo PLC

    3.1%  

Airbus SE

    2.6%  

Unilever PLC

    2.4%  

Industria de Diseno Textil S.A.

    2.3%  

China Overseas Land & Investment Ltd.

    2.1%  
* The ten largest holdings shown is that of the Underlying Fund and are subject to change, and there are no guarantees the Underlying Fund will remain invested in any particular company. Excludes Underlying Fund’s derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index (the ‘‘Index’’). The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the WisdomTree International Quality Dividend Growth Fund (the ‘‘Underlying Fund’’)) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.

The following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.48% and 0.96%, respectively. The prospectus expense ratio includes 0.38% of acquired fund fees and expenses (‘‘AFFEs’’). The prospectus expense ratio may not correlate to the expense ratio in the Fund’s financial highlights and financial statements because the financial highlights and financial statements reflect only the operating expenses of the Fund and do not include AFFEs, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies. WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund, as well as an additional 0.10%, through October 31, 2018, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.

Performance as of 12/31/17

 

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

Fund NAV Returns

       8.18      24.69      24.84

Fund Market Price Returns

       8.30      24.88      24.89

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index

       9.49      26.16      26.02

MSCI EAFE Local Currency Index

       7.14      15.23      21.06
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on November 3, 2016.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      3  


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Industrials

    22.7%  

Consumer Discretionary

    20.4%  

Financials

    13.2%  

Materials

    9.4%  

Information Technology

    8.1%  

Real Estate

    7.2%  

Consumer Staples

    7.1%  

Health Care

    4.2%  

Energy

    3.2%  

Utilities

    2.9%  

Telecommunication Services

    1.8%  

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. It does not include derivatives (if any).

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Platinum Asset Management Ltd.

    0.6%  

Hanwa Co., Ltd.

    0.5%  

Air New Zealand Ltd.

    0.5%  

TalkTalk Telecom Group PLC

    0.5%  

Noevir Holdings Co., Ltd.

    0.4%  

IOOF Holdings Ltd.

    0.4%  

Vedanta Resources PLC

    0.4%  

AURELIUS Equity Opportunities SE & Co. KGaA

    0.4%  

Cofinimmo S.A.

    0.4%  

WH Smith PLC

    0.4%  
* 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 Dynamic Currency Hedged International SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index. The 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

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

Fund NAV Returns

       11.24      25.02      20.53

Fund Market Price Returns

       10.81      26.68      21.13

WisdomTree Dynamic Currency Hedged International SmallCap Equity Index

       11.38      25.39      21.07

MSCI EAFE Small Cap Local Currency Index

       11.39      23.02      17.09

MSCI EAFE Small Cap Index

       13.96      33.01      19.69
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

4   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Consumer Discretionary

    22.3%  

Industrials

    19.9%  

Financials

    15.6%  

Information Technology

    10.5%  

Consumer Staples

    7.1%  

Telecommunication Services

    6.6%  

Materials

    6.4%  

Health Care

    6.4%  

Real Estate

    2.6%  

Utilities

    1.3%  

Energy

    0.9%  

Other Assets less Liabilities

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Toyota Motor Corp.

    5.2%  

NTT DOCOMO, Inc.

    2.5%  

Mitsubishi UFJ Financial Group, Inc.

    2.4%  

Nippon Telegraph & Telephone Corp.

    2.1%  

Canon, Inc.

    1.9%  

Nissan Motor Co., Ltd.

    1.8%  

Sumitomo Mitsui Financial Group, Inc.

    1.7%  

Japan Tobacco, Inc.

    1.7%  

Honda Motor Co., Ltd.

    1.7%  

Japan Post Holdings Co., Ltd.

    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 Dynamic Currency Hedged Japan Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Japan Equity Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.43% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

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

Fund NAV Returns

       11.97      18.64      13.92

Fund Market Price Returns

       11.58      19.20      13.95

WisdomTree Dynamic Currency Hedged Japan Equity Index

       11.71      19.00      14.48

MSCI Japan Local Currency Index

       13.09      19.75      12.59

MSCI Japan Index

       12.80      23.99      15.32
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on January 7, 2016.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      5  


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Dividend Fund (DVEM)

 

Sector Breakdown† as of 12/31/17

 

Sector    % of Net Assets  

Financials

     22.9

Information Technology

     18.3

Energy

     11.2

Materials

     11.1

Telecommunication Services

     7.5

Consumer Discretionary

     7.4

Consumer Staples

     6.6

Industrials

     6.1

Utilities

     4.4

Real Estate

     2.7

Health Care

     1.6

Other Assets less Liabilities

     0.2

Total

     100.0

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.8%  

Samsung Electronics Co., Ltd.

    3.4%  

China Construction Bank Corp., Class H

    3.1%  

Hon Hai Precision Industry Co., Ltd.

    1.8%  

Gazprom PJSC, ADR

    1.6%  

Industrial & Commercial Bank of China Ltd., Class H

    1.6%  

China Mobile Ltd.

    1.5%  

Lukoil PJSC, ADR

    1.4%  

Bank of China Ltd., Class H

    1.1%  

MTN Group Ltd.

    1.0%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Emerging Markets Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index. The 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s annual expense ratio was 0.32%.

Performance as of 12/31/17

 

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

Fund NAV Returns

       13.53      27.49      22.57

Fund Market Price Returns

       13.16      27.94      23.00

WisdomTree Emerging Markets Dividend Index

       13.98      27.98      22.91

MSCI Emerging Markets Index

       15.92      37.28      26.05
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 7, 2016.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

6   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Domestic Economy Fund (EDOM)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Financials

    30.1%  

Industrials

    27.8%  

Consumer Discretionary

    20.2%  

Information Technology

    6.9%  

Materials

    6.1%  

Energy

    5.3%  

Real Estate

    3.6%  

Other Assets less Liabilities

    0.0%

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

TOTAL S.A.

    1.7%  

Allianz SE, Registered Shares

    1.6%  

BNP Paribas S.A.

    1.3%  

ING Groep N.V.

    1.3%  

Siemens AG, Registered Shares

    1.2%  

Vinci S.A.

    1.1%  

Deutsche Post AG, Registered Shares

    1.1%  

AXA S.A.

    0.9%  

Intesa Sanpaolo SpA

    0.8%  

KBC Group N.V.

    0.8%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Europe Domestic Economy Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Domestic Economy Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.48% and 0.58%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

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

Fund NAV Returns

       11.69      34.83      13.24

Fund Market Price Returns

       10.72      35.27      13.08

WisdomTree Europe Domestic Economy Index

       11.70      34.76      13.29

MSCI European Economic and Monetary Union (EMU) Index

       9.20      28.07      10.84
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on October 29, 2015.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      7  


Table of Contents

Performance Summary (unaudited)

WisdomTree Global ex-Mexico Equity Fund (XMX)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Financials

    18.9%  

Information Technology

    17.6%  

Consumer Discretionary

    11.8%  

Industrials

    11.5%  

Health Care

    10.9%  

Consumer Staples

    8.7%  

Energy

    6.3%  

Materials

    5.3%  

Real Estate

    3.1%  

Telecommunication Services

    2.9%  

Utilities

    2.9%  

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Apple, Inc.

    2.0%  

Microsoft Corp.

    1.5%  

Amazon.com, Inc.

    1.1%  

Alphabet, Inc., Class A

    1.0%  

Facebook, Inc., Class A

    0.9%  

Johnson & Johnson

    0.8%  

JPMorgan Chase & Co.

    0.8%  

Exxon Mobil Corp.

    0.8%  

Tencent Holdings Ltd.

    0.8%  

Berkshire Hathaway, Inc., 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 Global ex-Mexico Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-Mexico Equity Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.30% and 0.35%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.30% through February 2, 2020, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

        Cumulative Total Return  
        6-Month      Since
Inception1
 

Fund NAV Returns

       11.24      18.80

Fund Market Price Returns

       10.71      18.43

WisdomTree Global ex-Mexico Equity Index

       11.31      18.99

MSCI AC World Index

       11.21      19.00
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on February 10, 2017.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

8   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Consumer Discretionary

    20.4%  

Industrials

    20.3%  

Financials

    13.6%  

Real Estate

    10.5%  

Information Technology

    8.1%  

Materials

    7.7%  

Consumer Staples

    6.2%  

Utilities

    5.2%  

Health Care

    2.6%  

Energy

    2.6%  

Telecommunication Services

    2.0%  

Investment Company

    0.5%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Covanta Holding Corp.

    1.5%  

Waddell & Reed Financial, Inc., Class A

    1.0%  

Brinker International, Inc.

    0.9%  

Washington Prime Group, Inc.

    0.9%  

Guess?, Inc.

    0.8%  

Artisan Partners Asset Management, Inc., Class A

    0.8%  

NRG Yield, Inc., Class C

    0.7%  

CBL & Associates Properties, Inc.

    0.7%  

Kite Realty Group Trust

    0.6%  

Cheesecake Factory, Inc. (The)

    0.6%  
* The ten largest holdings shown is that of the Underlying Fund and are subject to change, and there are no guarantees the Underlying Fund will remain invested in any particular company. Excludes Underlying Fund’s derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Global Hedged SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global Hedged SmallCap Dividend Index (the ‘‘Index’’). The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index (including indirect investments through the WisdomTree Global SmallCap Dividend Fund (the ‘‘Underlying Fund’’)) whose risk, return and other characteristics resemble the risk, return, and other characteristics of the Index as a whole.

The following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.43% and 0.86%, respectively. The prospectus expense ratio includes 0.43% of acquired fund fees and expenses (‘‘AFFEs’’). The prospectus expense ratio may not correlate to the expense ratio in the Fund’s financial highlights and financial statements because the financial highlights and financial statements reflect only the operating expenses of the Fund and do not include AFFEs, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies. WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund through October 31, 2018, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.

Performance as of 12/31/17

 

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

Fund NAV Returns

       8.65      12.27      16.42

Fund Market Price Returns

       8.73      11.79      16.24

WisdomTree Global Hedged SmallCap Dividend Index

       9.06      12.56      16.77

MSCI AC World Small Cap Local Currency Index

       10.84      19.43      14.47
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on November 19, 2015.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      9  


Table of Contents

Performance Summary (unaudited)

WisdomTree Global SmallCap Dividend Fund (GSD)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Consumer Discretionary

    20.4%  

Industrials

    20.3%  

Financials

    13.6%  

Real Estate

    10.5%  

Information Technology

    8.1%  

Materials

    7.7%  

Consumer Staples

    6.2%  

Utilities

    5.2%  

Health Care

    2.6%  

Energy

    2.6%  

Telecommunication Services

    2.0%  

Investment Company

    0.5%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Covanta Holding Corp.

    1.5%  

Waddell & Reed Financial, Inc., Class A

    1.0%  

Brinker International, Inc.

    0.9%  

Washington Prime Group, Inc.

    0.9%  

Guess?, Inc.

    0.8%  

Artisan Partners Asset Management, Inc., Class A

    0.8%  

NRG Yield, Inc., Class C

    0.7%  

CBL & Associates Properties, Inc.

    0.7%  

Kite Realty Group Trust

    0.6%  

Cheesecake Factory, Inc. (The)

    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 Global SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global SmallCap Dividend Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s annual expense ratio was 0.43%.

Performance as of 12/31/17

 

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

Fund NAV Returns

       9.40      15.43      18.36

Fund Market Price Returns

       9.41      15.65      18.46

WisdomTree Global SmallCap Dividend Index

       10.01      15.95      18.59

MSCI AC World Small Cap Index

       12.19      23.81      16.40
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on November 12, 2015.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

10   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Financials

    24.2%  

Information Technology

    20.7%  

Consumer Discretionary

    11.5%  

Industrials

    11.1%  

Materials

    6.2%  

Consumer Staples

    6.0%  

Real Estate

    5.6%  

Health Care

    5.0%  

Energy

    2.9%  

Utilities

    2.7%  

Telecommunication Services

    1.8%  

Other Assets less Liabilities

    2.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    8.7%  

Alibaba Group Holding Ltd., ADR

    6.1%  

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

    3.2%  

China Construction Bank Corp., Class H

    3.0%  

China Merchants Bank Co., Ltd., Class A

    2.2%  

Baidu, Inc., ADR

    2.0%  

Industrial & Commercial Bank of China Ltd., Class H

    2.0%  

China Mobile Ltd.

    1.8%  

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

    1.7%  

Kweichow Moutai Co., Ltd., Class A

    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 ICBCCS S&P China 500 Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the S&P China 500 Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      11  


Table of Contents

Performance Summary (unaudited)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Information Technology

    41.5%  

Consumer Discretionary

    22.6%  

Industrials

    17.0%  

Health Care

    12.6%  

Consumer Staples

    6.5%  

Other Assets less Liabilities

    -0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    6.9%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    4.4%  

Hyundai Motor Co.

    1.9%  

Hon Hai Precision Industry Co., Ltd.

    1.7%  

Minth Group Ltd.

    1.5%  

LG Electronics, Inc.

    1.4%  

SK Hynix, Inc.

    1.4%  

China High Speed Transmission Equipment Group Co., Ltd.

    1.3%  

Bharat Forge Ltd.

    1.3%  

LS Corp.

    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 Strong Dollar Emerging Markets Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Strong Dollar Emerging Markets Equity Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s annual expense ratio was 0.32% and 0.58%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

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

Fund NAV Returns

       9.84      29.80      11.38

Fund Market Price Returns

       9.68      28.88      10.85

WisdomTree Strong Dollar Emerging Markets Equity Index

       10.45      30.63      11.79

MSCI Emerging Markets Index

       15.92      37.28      18.19
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on October 29, 2015.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

12   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Domestic Economy Fund (WUSA)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Financials

    24.8%  

Consumer Discretionary

    16.9%  

Health Care

    12.1%  

Consumer Staples

    10.9%  

Telecommunication Services

    10.6%  

Industrials

    7.7%  

Real Estate

    4.9%  

Utilities

    4.8%  

Energy

    2.8%  

Information Technology

    2.7%  

Materials

    1.7%  

Other Assets less Liabilities

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Verizon Communications, Inc.

    5.5%  

Altria Group, Inc.

    5.1%  

AT&T, Inc.

    4.2%  

Wells Fargo & Co.

    4.1%  

Bank of America Corp.

    3.6%  

Berkshire Hathaway, Inc., Class B

    3.4%  

Comcast Corp., Class A

    3.2%  

UnitedHealth Group, Inc.

    2.7%  

Home Depot, Inc. (The)

    2.7%  

Vistra Energy Corp.

    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 U.S. Domestic Economy Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Domestic Economy Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s annual expense ratio was 0.33%.

Performance as of 12/31/17

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       12.25      17.95      12.41

Fund Market Price Returns

       11.81      17.80      12.14

WisdomTree U.S. Domestic Economy Index

       11.98      17.51      12.15

S&P 500® Index

       11.42      21.83      12.34
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      13  


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Export and Multinational Fund (WEXP)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Information Technology

    25.0%  

Industrials

    15.3%  

Consumer Staples

    14.3%  

Health Care

    14.3%  

Financials

    9.0%  

Consumer Discretionary

    8.5%  

Energy

    7.0%  

Materials

    5.9%  

Real Estate

    0.6%  

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. It does not include derivatives (if any).

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Exxon Mobil Corp.

    4.6%  

Citigroup, Inc.

    4.2%  

Johnson & Johnson

    4.1%  

Philip Morris International, Inc.

    3.7%  

Procter & Gamble Co. (The)

    3.1%  

Apple, Inc.

    2.7%  

Pfizer, Inc.

    2.7%  

General Electric Co.

    2.5%  

Microsoft Corp.

    2.4%  

Intel Corp.

    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 U.S. Export and Multinational Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Export and Multinational Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s annual expense ratio was 0.33%.

Performance as of 12/31/17

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       10.05      23.30      12.51

Fund Market Price Returns

       10.41      23.82      12.60

WisdomTree U.S. Export and Multinational Index

       9.90      22.95      12.21

S&P 500® Index

       11.42      21.83      12.34
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 21, 2015.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

14   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Financials

    32.1%  

Health Care

    14.7%  

Consumer Discretionary

    12.2%  

Industrials

    7.9%  

Consumer Staples

    7.8%  

Telecommunication Services

    6.3%  

Information Technology

    5.6%  

Utilities

    5.1%  

Energy

    4.3%  

Materials

    1.7%  

Real Estate

    0.7%  

U.S. Government Obligations

    0.2%  

Other Assets less Liabilities

    1.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Morgan Stanley,
4.88%, 11/1/22

    3.2%  

Verizon Communications, Inc.,
4.40%, 11/1/34

    3.2%  

Dow Chemical Co. (The),
4.13%, 11/15/21

    3.1%  

Citigroup, Inc.,
5.50%, 9/13/25

    3.0%  

Time Warner, Inc.,
3.60%, 7/15/25

    2.5%  

Pfizer, Inc.,
2.10%, 5/15/19

    2.5%  

Chevron Corp.,
2.36%, 12/5/22

    2.4%  

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

    2.3%  

Synchrony Financial,
2.70%, 2/3/20

    2.2%  

AT&T, Inc.,
4.50%, 3/9/48

    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 Fundamental U.S. Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Corporate Bond Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.18% and 0.28%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       2.61      6.27      3.61

Fund Market Price Returns

       2.41      6.26      3.01

WisdomTree Fundamental U.S. Corporate Bond Index

       2.67      6.32      4.13

BofA Merrill Lynch U.S. Corporate Index

       2.50      6.48      4.40
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      15  


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Consumer Discretionary

    23.2%  

Health Care

    15.6%  

Consumer Staples

    9.8%  

Financials

    8.9%  

Industrials

    8.8%  

Information Technology

    7.7%  

Energy

    7.7%  

Materials

    6.6%  

Telecommunication Services

    4.2%  

Utilities

    3.7%  

Real Estate

    2.4%  

Other Assets less Liabilities

    1.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

First Data Corp.,
7.00%, 12/1/23

    3.0%  

HCA, Inc.,
4.75%, 5/1/23

    3.0%  

DaVita, Inc.,
5.75%, 8/15/22

    2.5%  

Navient Corp.,
6.13%, 3/25/24

    2.4%  

CCO Holdings LLC,
5.13%, 5/1/27

    2.4%  

Scientific Games International, Inc.,
10.00%, 12/1/22

    2.3%  

Western Digital Corp.,
10.50%, 4/1/24

    2.3%  

DPL, Inc.,
7.25%, 10/15/21

    2.2%  

Prime Security Services Borrower LLC,
9.25%, 5/15/23

    2.2%  

Berry Global, Inc.,
5.13%, 7/15/23

    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 Fundamental U.S. High Yield Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. High Yield Corporate Bond Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.38% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       1.50      5.33      7.76

Fund Market Price Returns

       1.53      5.42      6.65

WisdomTree Fundamental U.S. High Yield Corporate Bond Index

       2.18      6.90      9.58

BofA Merrill Lynch U.S. High Yield Index

       2.45      7.48      10.42
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

16   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Financials

    33.8%  

Health Care

    13.9%  

Consumer Staples

    13.2%  

Information Technology

    8.8%  

Industrials

    7.3%  

Consumer Discretionary

    7.2%  

Telecommunication Services

    4.9%  

Utilities

    3.8%  

Energy

    2.7%  

Materials

    2.4%  

Other Assets less Liabilities

    2.0%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

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

    3.1%  

JPMorgan Chase & Co.,
2.75%, 6/23/20

    2.6%  

Bank of America Corp.,
7.63%, 6/1/19

    2.5%  

CVS Health Corp.,
2.80%, 7/20/20

    2.4%  

Goldman Sachs Group, Inc. (The),
5.25%, 7/27/21

    2.4%  

McKesson Corp.,
2.28%, 3/15/19

    2.3%  

Bank of New York Mellon Corp. (The),
2.05%, 5/3/21

    2.3%  

Citigroup, Inc.,
1.75%, 5/1/18

    2.2%  

AT&T, Inc.,
3.00%, 2/15/22

    2.0%  

HSBC USA, Inc.,
2.35%, 3/5/20

    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 Fundamental U.S. Short-Term Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-Term Corporate Bond Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.18% and 0.28%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       0.52      1.95      1.31

Fund Market Price Returns

       0.43      1.94      0.72

WisdomTree Fundamental U.S. Short-Term Corporate Bond Index

       0.70      2.25      1.87

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

       0.73      2.64      2.05
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016.

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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      17  


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Health Care

    21.5%  

Consumer Discretionary

    17.3%  

Financials

    12.8%  

Materials

    9.1%  

Consumer Staples

    8.9%  

Telecommunication Services

    8.8%  

Industrials

    8.0%  

Energy

    6.4%  

Utilities

    2.2%  

Information Technology

    2.1%  

Other Assets less Liabilities

    2.9%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

HCA, Inc.,
5.88%, 3/15/22

    3.2%  

Navient Corp.,
8.00%, 3/25/20

    3.2%  

Nationstar Mortgage LLC,
6.50%, 8/1/18

    3.1%  

Centene Corp.,
5.63%, 2/15/21

    3.0%  

HRG Group, Inc.,
7.88%, 7/15/19

    2.8%  

TransDigm, Inc.,
5.50%, 10/15/20

    2.7%  

Valeant Pharmaceuticals International,
6.38%, 10/15/20

    2.5%  

Calumet Specialty Products Partners L.P.,
6.50%, 4/15/21

    2.5%  

Michaels Stores, Inc.,
5.88%, 12/15/20

    2.5%  

MGM Resorts International,
6.75%, 10/1/20

    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 Fundamental U.S. Short-Term High Yield Corporate Bond Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index. 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.38% and 0.48%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       0.61      3.28      6.25

Fund Market Price Returns

       0.82      3.52      5.19

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

       0.94      4.88      8.35

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

       2.00      6.56      10.42
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on April 27, 2016.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

18   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Information Technology

    26.6%  

Health Care

    13.9%  

Consumer Discretionary

    12.0%  

Financials

    11.2%  

Industrials

    9.3%  

Consumer Staples

    8.7%  

Real Estate

    6.3%  

Energy

    5.0%  

Materials

    2.7%  

Utilities

    2.4%  

Telecommunication Services

    2.0%  

Other Assets less Liabilities

    -0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Ubiquiti Networks, Inc.

    3.5%  

Encompass Health Corp.

    2.7%  

Cirrus Logic, Inc.

    2.6%  

Cracker Barrel Old Country Store, Inc.

    2.3%  

HCA Healthcare, Inc.

    2.3%  

MEDNAX, Inc.

    2.3%  

Hershey Co. (The)

    2.2%  

American Financial Group, Inc.

    2.2%  

W.W. Grainger, Inc.

    1.9%  

Hanesbrands, Inc.

    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 Dynamic Bearish U.S. Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Bearish U.S. Equity Index. The 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.48% and 0.53%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       1.09      4.50      3.47

Fund Market Price Returns

       1.28      4.83      3.55

WisdomTree Dynamic Bearish U.S. Equity Index

       0.51      3.74      3.01

S&P 500® Index

       11.42      21.83      16.07

S&P 500® Inverse Daily Index

       -9.34      -16.58      -13.53
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on December 23, 2015.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      19  


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 12/31/17

 

Sector   % of Net Assets  

Information Technology

    26.5%  

Health Care

    13.8%  

Consumer Discretionary

    12.0%  

Financials

    11.2%  

Industrials

    9.3%  

Consumer Staples

    8.7%  

Real Estate

    6.2%  

Energy

    5.0%  

Materials

    2.8%  

Utilities

    2.4%  

Telecommunication Services

    2.0%  

Other Assets less Liabilities

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

Ubiquiti Networks, Inc.

    3.4%  

Encompass Health Corp.

    2.6%  

Cirrus Logic, Inc.

    2.6%  

HCA Healthcare, Inc.

    2.3%  

Cracker Barrel Old Country Store, Inc.

    2.2%  

MEDNAX, Inc.

    2.2%  

Hershey Co. (The)

    2.2%  

American Financial Group, Inc.

    2.1%  

W.W. Grainger, Inc.

    1.9%  

Hanesbrands, Inc.

    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 Dynamic Long/Short U.S. Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Long/Short U.S. Equity Index. The 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 following performance table is provided for comparative purposes and represents the period noted. The 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 mid-point of the highest bid and lowest offer 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 the Fund’s portfolio securities.

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 the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 1, 2017, the Fund’s net and gross annual expense ratios were 0.48% and 0.53%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 12/31/17

 

        Average Annual Total Return  
        6-Month*      1 Year     

Since

Inception1

 

Fund NAV Returns

       8.79      20.09      15.56

Fund Market Price Returns

       8.81      20.32      15.59

WisdomTree Dynamic Long/Short U.S. Equity Index

       9.01      20.68      16.23

S&P 500® Index

       11.42      21.83      16.07
* Returns of less than one year are cumulative.
1 

Total returns are calculated based on the commencement of Fund trading on the Cboe BZX Exchange, Inc. on December 23, 2015.

Performance is historical and does not guarantee future results. 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. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. eastern time NAV. Market price returns reflect the midpoint of the bid/ask spread 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.

 

20   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Performance Summary (unaudited)

WisdomTree Balanced Income Fund (WBAL)

 

Asset Class Breakdown as of 12/31/17

 

Asset Class   % of Net Assets  

Fixed Income

    39.9%  

Domestic Equity

    29.9%  

International Equity

    22.7%  

Emerging Markets Equity

    7.5%  

Other Assets less Liabilities

    0.0%

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 12/31/17

 

Description   % of Net Assets  

WisdomTree U.S. High Dividend Fund

    19.9%  

WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund

    19.9%  

WisdomTree International High Dividend Fund

    12.7%  

WisdomTree U.S. LargeCap Dividend Fund

    10.0%  

WisdomTree Dynamic Currency Hedged International Equity Fund

    10.0%  

WisdomTree Emerging Markets Dividend Fund

    7.5%  

WisdomTree Fundamental U.S. Corporate Bond Fund

    5.5%  

WisdomTree Interest Rate Hedged High Yield Bond Fund

    5.4%  

WisdomTree Emerging Markets Local Debt Fund

    3.6%  

iShares 20+ Year Treasury Bond ETF

    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 Balanced Income Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Balanced Income Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund had less than six months of operating history at the end of the reporting period and therefore no comparative performance information is shown in this shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      21  


Table of Contents

Description of Indexes (unaudited)

 

 

Below are descriptions of each Index referenced in this report:

The BofA Merrill Lynch U.S. Corporate Index tracks the performance of U.S. dollar denominated investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $250 million.

The BofA Merrill Lynch U.S. High Yield Index tracks the performance of U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million.

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

The BofA Merrill Lynch 1-5 Year U.S. High Yield Constrained Index tracks the performance of short-term U.S. dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch).

The MSCI AC World Index is a free-float adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets.

The MSCI AC World Small Cap Index is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging markets, specifically focusing on the small-cap segment of these equity markets.

The MSCI AC World Small Cap Local Currency Index is a free float-adjusted market capitalization-weighted index designed to measure the equity market performance of developed and emerging markets, specifically focusing on the small-cap segment of these equity markets, in local currency.

The MSCI EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan.

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

The MSCI EAFE Small Cap Index is comprised of small-capitalization stocks in the MSCI EAFE Index.

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

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

The MSCI European Economic and Monetary Union (EMU) Index is a free float- adjusted market capitalization-weighted index that is designed to measure the equity market performance of countries within the EMU.

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 countries within the EMU and calculated in local currency.

The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.

 

22   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Description of Indexes (unaudited) (continued)

 

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

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

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

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

The WisdomTree Dynamic Bearish U.S. Equity Index includes long equity positions or long U.S. Treasury positions and short equity positions. The long equity positions consist of approximately 100 U.S. large- and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. The short equity positions include the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge.

The WisdomTree Dynamic Currency Hedged Europe Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies incorporated in developed Europe and is designed to remove from index performance the impact of the changes in the value of the Euro relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged International Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States, and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis. The Index is comprised of the top 300 companies from the WisdomTree International Equity Index with the best combined rank of growth and quality factors.

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Index is a fundamentally weighted index that measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Currency Hedged Japan Equity Index is a fundamentally weighted index that measures the performance of dividend-paying companies in Japan and is designed to remove from index performance the impact of changes in the value of the Japanese Yen relative to the U.S. dollar with a hedge ratio ranging from 0 to 100% on a monthly basis.

The WisdomTree Dynamic Long/Short U.S. Equity Index includes long equity positions and short equity positions. The long equity positions consist of approximately 100

 

WisdomTree Trust Semi-Annual Report December 31, 2017      23  


Table of Contents

Description of Indexes (unaudited) (continued)

 

 

U.S. large- and mid-capitalization stocks that meet Index eligibility requirements and have the best combined score based on fundamental growth and value signals. The short equity positions include the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge.

The WisdomTree Emerging Markets Dividend Index is a dividend weighted index that consists of emerging market dividend-paying common stocks.

The WisdomTree Europe Domestic Economy Index is designed to provide exposure to European companies that are most sensitive to economic growth prospects in the Eurozone and that derive more than 50% of their revenue from Europe.

The WisdomTree Fundamental U.S. Corporate Bond Index is designed to capture the performance of selected issuers in the U.S. investment grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. High Yield Corporate Bond Index is designed to capture the performance of selected issuers in the U.S. non-investment-grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. Short-Term Corporate Bond Index is designed to capture the performance of selected issuers in the short-term U.S. investment grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Index is designed to capture the performance of selected issuers in the short-term U.S. non-investment-grade corporate bond market that are deemed to have favorable fundamental and income characteristics.

The WisdomTree Global ex-Mexico Equity Index is a float-adjusted market capitalization weighted index that measures the performance of 2000 largest companies in developed and emerging markets throughout the world, excluding Mexico.

The WisdomTree Global Hedged SmallCap Dividend Index is a fundamentally weighted index that measures the performance of 1000 largest small capitalization companies that rank within the bottom 5% of the WisdomTree Global Dividend Index by market capitalization and is designed to remove from index performance the impact of changes to the value of foreign currencies relative to the U.S. dollar.

The WisdomTree Global SmallCap Dividend Index is a fundamentally weighted index that measures the performance of 1000 largest small capitalization companies that rank within the bottom 5% of the WisdomTree Global Dividend Index by market capitalization.

The WisdomTree Strong Dollar Emerging Markets Equity Index measures the performance of emerging market companies that derive more than 15% of their revenue from the United States.

The WisdomTree U.S. Domestic Economy Index measures the performance of U.S. based companies that derive more than 80% of their revenue from the United States.

The WisdomTree U.S. Export and Multinational Index measures the performance of U.S. based companies that derive less than 60% of their revenue from the United States.

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

 

24   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Description of 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.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      25  


Table of Contents

Shareholder Expense Examples (unaudited)

 

 

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 following example is 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 example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from July 1, 2017 to December 31, 2017.

Actual expenses

The first line under each Fund in the table on the next page 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 7/1/17 to 12/31/17” to estimate the expenses you paid on your account during the period.

Hypothetical example for comparison purposes

The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each 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 under each Fund 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.

 

26   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Shareholder Expense Examples (unaudited) (continued)

 

 

      Beginning
Account Value
7/1/17
     Ending
Account Value
12/31/17
     Annualized
Expense Ratio
Based on  the
Period‡
7/1/17 to
12/31/17
    Expenses Paid
During the
Period†
7/1/17  to
12/31/17
 

WisdomTree Dynamic Currency Hedged Europe Equity Fund

          

Actual

   $ 1,000.00      $ 1,080.50        0.43 %1    $ 2.25  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.43 %1    $ 2.19  

WisdomTree Dynamic Currency Hedged International Equity Fund

          

Actual

   $ 1,000.00      $ 1,087.20        0.35 %2    $ 1.84  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.44        0.35 %2    $ 1.79  

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund

          

Actual

   $ 1,000.00      $ 1,081.80        0.10 %3    $ 0.52  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.70        0.10 %3    $ 0.51  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

          

Actual

   $ 1,000.00      $ 1,112.40        0.43 %1    $ 2.29  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.43 %1    $ 2.19  

WisdomTree Dynamic Currency Hedged Japan Equity Fund

          

Actual

   $ 1,000.00      $ 1,119.70        0.43 %1    $ 2.30  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.43 %1    $ 2.19  

WisdomTree Emerging Markets Dividend Fund

          

Actual

   $ 1,000.00      $ 1,135.30        0.32   $ 1.72  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.59        0.32   $ 1.63  

WisdomTree Europe Domestic Economy Fund

          

Actual

   $ 1,000.00      $ 1,116.90        0.48 %4    $ 2.56  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.79        0.48 %4    $ 2.45  

WisdomTree Global ex-Mexico Equity Fund

          

Actual

   $ 1,000.00      $ 1,112.40        0.30 %5    $ 1.60  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.69        0.30 %5    $ 1.53  

WisdomTree Global Hedged SmallCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,086.50        0.00 %6    $ 0.00  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,025.21        0.00 %6    $ 0.00  

WisdomTree Global SmallCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,094.00        0.43   $ 2.27  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.43   $ 2.19  

WisdomTree ICBCCS S&P China 500 Fund

          

Actual7

   $ 1,000.00      $ 1,011.10        0.55   $ 0.17  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.43        0.55   $ 2.80  

WisdomTree Strong Dollar Emerging Markets Equity Fund

          

Actual

   $ 1,000.00      $ 1,098.40        0.32 %8    $ 1.69  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.59        0.32 %8    $ 1.63  

WisdomTree U.S. Domestic Economy Fund

          

Actual

   $ 1,000.00      $ 1,122.50        0.33   $ 1.77  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.33   $ 1.68  

WisdomTree U.S. Export and Multinational Fund

          

Actual

   $ 1,000.00      $ 1,100.50        0.33   $ 1.75  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.33   $ 1.68  

WisdomTree Fundamental U.S. Corporate Bond Fund

          

Actual

   $ 1,000.00      $ 1,026.10        0.18 %9    $ 0.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.30        0.18 %9    $ 0.92  

 

WisdomTree Trust Semi-Annual Report December 31, 2017      27  


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

 

      Beginning
Account Value
7/1/17
     Ending
Account Value
12/31/17
     Annualized
Expense Ratio
Based on  the
Period‡
7/1/17 to
12/31/17
    Expenses Paid
During the
Period†
7/1/17  to
12/31/17
 

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund

          

Actual

   $ 1,000.00      $ 1,015.00        0.38 %10    $ 1.93  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.29        0.38 %10    $ 1.94  

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund

          

Actual

   $ 1,000.00      $ 1,005.20        0.18 %9    $ 0.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,024.30        0.18 %9    $ 0.92  

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

          

Actual

   $ 1,000.00      $ 1,006.10        0.38 %10    $ 1.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.29        0.38 %10    $ 1.94  

WisdomTree Dynamic Bearish U.S. Equity Fund

          

Actual

   $ 1,000.00      $ 1,010.90        0.48 %4    $ 2.43  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.79        0.48 %4    $ 2.45  

WisdomTree Dynamic Long/Short U.S. Equity Fund

          

Actual

   $ 1,000.00      $ 1,087.90        0.48 %4    $ 2.53  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.79        0.48 %4    $ 2.45  

WisdomTree Balanced Income Fund

          

Actual7

   $ 1,000.00      $ 1,005.90        0.03 %11    $ 0.01  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,025.05        0.03 %11    $ 0.15  
The annualized expense ratio does not include AFFEs, which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

 

Unless otherwise indicated in the footnotes below, expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 184/365 (to reflect the one-half year period).

 

1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

2 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

3 

WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund, as well as an additional 0.10%, through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

4 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

5 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.30% through February 2, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

6 

WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

7 

Fund commenced operations on December 21, 2017. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 11/365 (to reflect the period since commencement of operations).

 

8 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

9 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

10 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

11 

WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in Underlying Funds, as well as an additional 0.05%, through December 31, 2020, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

28   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.1%      
Austria – 1.4%      

Andritz AG

     330      $ 18,658  

Erste Group Bank AG*

     811        35,161  

EVN AG

     610        12,233  

Oesterreichische Post AG

     320        14,379  

OMV AG

     1,001        63,502  

Telekom Austria AG*

     1,541        14,302  

UNIQA Insurance Group AG

     1,841        19,498  

Verbund AG

     663        16,038  

Voestalpine AG

     490        29,328  
     

 

 

 
Total Austria               223,099  
Belgium – 6.3%      

Ackermans & van Haaren N.V.

     30        5,229  

Anheuser-Busch InBev S.A.

     5,053        565,080  

Barco N.V.

     20        2,143  

Bekaert S.A.

     250        10,941  

bpost S.A.

     2,851        86,905  

Cofinimmo S.A.

     230        30,311  

Colruyt S.A.

     389        20,254  

D’ieteren S.A./N.V.

     218        9,826  

Elia System Operator S.A./N.V.

     366        21,052  

Ion Beam Applications(a)

     30        860  

KBC Group N.V.

     720        61,480  

Melexis N.V.

     100        10,131  

Orange Belgium S.A.

     1,531        32,173  

Proximus SADP

     1,707        56,061  

Solvay S.A.

     310        43,144  

Umicore S.A.

     560        26,531  

Warehouses De Pauw CVA

     90        10,097  
     

 

 

 
Total Belgium               992,218  
Finland – 4.4%      

Amer Sports Oyj*

     660        18,300  

Cargotec Oyj Class B

     120        6,801  

DNA Oyj

     90        1,691  

Elisa Oyj

     550        21,610  

Fortum Oyj

     7,805        154,642  

Huhtamaki Oyj

     190        7,985  

Kemira Oyj

     710        9,805  

Kesko Oyj Class B

     390        21,191  

Kone Oyj Class B

     1,161        62,429  

Konecranes Oyj

     330        15,129  

Metso Oyj

     640        21,880  

Neste Oyj

     750        48,047  

Nokia Oyj

     3,887        18,175  

Nokian Renkaat Oyj

     520        23,603  

Orion Oyj Class B

     119        4,441  

Sampo Oyj Class A

     2,231        122,698  

Sanoma Oyj

     160        2,088  

Stora Enso Oyj Class R

     2,101        33,353  

Tieto Oyj

     280        8,735  

UPM-Kymmene Oyj

     1,921        59,768  

Valmet Oyj

     460        9,081  

Wartsila Oyj Abp

     241      15,222  

YIT Oyj

     170        1,300  
     

 

 

 
Total Finland               687,974  
France – 25.8%      

Accor S.A.

     320        16,523  

Aeroports de Paris

     110        20,936  

Air Liquide S.A.

     528        66,604  

Airbus SE

     1,342        133,752  

Amundi S.A.(b)

     500        42,418  

Arkema S.A.

     140        17,072  

Atos SE

     90        13,115  

AXA S.A.

     6,225        184,894  

BNP Paribas S.A.

     3,222        240,844  

Bollore S.A.*

     5        27  

Bollore S.A.

     1,351        7,346  

Bouygues S.A.

     851        44,258  

Bureau Veritas S.A.

     740        20,251  

Capgemini SE

     120        14,250  

Carrefour S.A.

     1,487        32,212  

Casino Guichard Perrachon S.A.

     380        23,071  

Christian Dior SE

     240        87,769  

Cie de Saint-Gobain

     991        54,716  

Cie Generale des Etablissements Michelin

     320        45,938  

Cie Plastic Omnium S.A.

     130        5,916  

CNP Assurances

     1,210        27,977  

Coface S.A.

     620        6,636  

Credit Agricole S.A.

     9,057        150,084  

Danone S.A.

     991        83,240  

Dassault Systemes SE

     100        10,638  

Edenred

     700        20,325  

Eiffage S.A.

     110        12,065  

Electricite de France S.A.

     11,882        148,672  

Elior Group S.A.(b)

     50        1,034  

Elis S.A.

     70        1,935  

Engie S.A.

     9,051        155,799  

Essilor International Cie Generale d’Optique S.A.

     120        16,564  

Eurazeo S.A.

     132        12,205  

Eutelsat Communications S.A.

     112        2,595  

Fonciere Des Regions

     240        27,228  

Gaztransport Et Technigaz S.A.

     60        3,610  

Getlink SE

     729        9,384  

Hermes International

     50        26,793  

ICADE

     190        18,692  

Imerys S.A.

     160        15,090  

JCDecaux S.A.

     120        4,842  

Kering

     152        71,731  

Klepierre S.A.

     1,081        47,594  

L’Oreal S.A.

     550        122,148  

Lagardere SCA

     480        15,407  

Legrand S.A.

     320        24,665  

LVMH Moet Hennessy Louis Vuitton SE

     652        192,129  

Metropole Television S.A.

     239        6,180  

Natixis S.A.

     13,150        104,154  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      29  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Nexity S.A.*

     210      $ 12,513  

Orange S.A.

     4,923        85,570  

Pernod Ricard S.A.

     250        39,611  

Peugeot S.A.

     1,011        20,584  

Publicis Groupe S.A.

     548        37,278  

Remy Cointreau S.A.

     70        9,708  

Renault S.A.

     553        55,720  

Rexel S.A.

     720        13,072  

Rubis SCA

     140        9,915  

Safran S.A.

     500        51,580  

Sanofi

     2,822        243,475  

Sartorius Stedim Biotech

     20        1,448  

Schneider Electric SE*

     1,151        97,937  

SCOR SE

     530        21,349  

SEB S.A.

     70        12,982  

Societe Generale S.A.

     2,109        109,024  

Sodexo S.A.

     210        28,255  

SPIE S.A.

     320        8,340  

Suez

     1,201        21,149  

Tarkett S.A.

     130        5,460  

Teleperformance

     70        10,040  

Television Francaise 1

     99        1,460  

Thales S.A.

     290        31,299  

TOTAL S.A.

     7,864        434,807  

Unibail-Rodamco SE

     200        50,434  

Valeo S.A.

     280        20,937  

Vicat S.A.

     120        9,480  

Vinci S.A.

     951        97,238  

Vivendi S.A.

     3,277        88,223  

Wendel S.A.

     60        10,404  
     

 

 

 
Total France               4,050,620  
Germany – 26.1%      

Aareal Bank AG

     210        9,514  

adidas AG

     233        46,766  

Allianz SE Registered Shares

     1,771        407,247  

AURELIUS Equity Opportunities SE & Co. KGaA(a)

     30        2,052  

Aurubis AG

     90        8,384  

Axel Springer SE

     280        21,898  

BASF SE

     2,882        317,485  

Bayer AG Registered Shares

     1,661        207,431  

Bayerische Motoren Werke AG

     1,827        190,493  

BayWa AG

     40        1,540  

Bechtle AG

     100        8,348  

Beiersdorf AG

     150        17,634  

Bilfinger SE

     80        3,801  

Brenntag AG

     230        14,574  

Carl Zeiss Meditec AG Bearer Shares

     160        9,945  

CECONOMY AG

     140        2,119  

Comdirect Bank AG

     140        1,926  

Continental AG

     159        42,968  

Covestro AG(b)

     230        23,760  

CTS Eventim AG & Co. KGaA

     40        1,865  

Daimler AG Registered Shares

     5,097        433,330  

Deutsche Boerse AG

     400      46,495  

Deutsche Lufthansa AG Registered Shares

     1,486        54,816  

Deutsche Post AG Registered Shares

     3,212        153,315  

Deutsche Telekom AG Registered Shares

     13,230        235,042  

Deutsche Wohnen SE Bearer Shares

     650        28,458  

Diebold Nixdorf AG

     20        1,753  

DMG MORI AG

     21        1,161  

Drillisch AG

     190        15,704  

Duerr AG

     80        10,236  

E.ON SE

     5,248        57,101  

ElringKlinger AG

     650        14,576  

Evonik Industries AG

     1,551        58,425  

Fielmann AG

     140        12,360  

Fraport AG Frankfurt Airport Services Worldwide

     180        19,855  

Freenet AG

     570        21,095  

Fresenius Medical Care AG & Co. KGaA

     230        24,243  

Fresenius SE & Co. KGaA

     300        23,441  

Fuchs Petrolub SE

     120        5,817  

GEA Group AG

     120        5,765  

Gerresheimer AG

     20        1,660  

Hamburger Hafen und Logistik AG

     69        1,961  

Hannover Rueck SE

     450        56,684  

HeidelbergCement AG

     220        23,842  

Hella GmbH & Co. KGaA

     280        17,339  

Henkel AG & Co. KGaA

     340        40,827  

Hochtief AG

     180        31,903  

Hugo Boss AG

     250        21,296  

Infineon Technologies AG

     1,050        28,791  

Innogy SE(b)

     2,042        80,120  

K+S AG Registered Shares(a)

     260        6,480  

KION Group AG

     29        2,507  

Kloeckner & Co. SE

     1,141        14,098  

Krones AG

     30        4,125  

LANXESS AG

     90        7,164  

LEG Immobilien AG

     160        18,308  

Linde AG*

     356        83,210  

MAN SE

     270        30,930  

Merck KGaA

     170        18,321  

MTU Aero Engines AG

     60        10,764  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     750        162,784  

NORMA Group SE

     10        672  

OSRAM Licht AG

     190        17,095  

Pfeiffer Vacuum Technology AG

     10        1,875  

ProSiebenSat.1 Media SE

     1,071        36,916  

Rheinmetall AG

     70        8,897  

SAP SE

     1,533        172,025  

Scout24 AG(b)

     40        1,636  

Siemens AG Registered Shares

     2,326        324,414  

Software AG

     160        9,003  

STADA Arzneimittel AG

     140        14,833  

Stroeer SE & Co. KGaA

     30        2,219  

Suedzucker AG

     320        6,947  

Symrise AG

     170        14,620  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Talanx AG

     549      $ 22,460  

Telefonica Deutschland Holding AG

     10,611        53,337  

ThyssenKrupp AG

     64        1,861  

TLG Immobilien AG

     190        5,052  

TUI AG

     1,571        32,391  

Uniper SE

     640        19,981  

United Internet AG Registered Shares

     290        19,968  

Volkswagen AG

     370        74,953  

VTG AG

     40        2,294  

Wacker Chemie AG

     99        19,282  

Wacker Neuson SE

     120        4,334  
     

 

 

 
Total Germany               4,092,917  
Ireland – 0.6%      

C&C Group PLC

     2,829        9,682  

CRH PLC

     1,570        56,473  

Glanbia PLC

     390        6,978  

Smurfit Kappa Group PLC

     540        18,279  
     

 

 

 
Total Ireland               91,412  
Italy – 11.7%      

A2A SpA

     11,689        21,644  

ACEA SpA

     891        16,477  

Anima Holding SpA(b)

     479        3,428  

Assicurazioni Generali SpA

     4,580        83,595  

Atlantia SpA

     2,592        81,920  

Azimut Holding SpA

     160        3,068  

Banca Generali SpA

     430        14,323  

Banca Mediolanum SpA

     2,071        17,943  

Banca Popolare di Sondrio SCPA

     3,052        11,156  

BPER Banca

     560        2,831  

Brembo SpA

     700        10,650  

Brunello Cucinelli SpA

     9        292  

Davide Campari-Milano SpA

     1,661        12,855  

De’ Longhi SpA

     410        12,421  

DiaSorin SpA

     100        8,886  

Ei Towers SpA

     590        37,903  

Enav SpA(b)

     2,572        13,929  

Enel SpA

     46,352        285,533  

Eni SpA

     19,979        331,073  

ERG SpA

     2,221        41,071  

FinecoBank Banca Fineco SpA

     1,731        17,741  

Hera SpA

     4,143        14,477  

Industria Macchine Automatiche SpA

     43        3,501  

Infrastrutture Wireless Italiane SpA(b)

     2,952        21,977  

Intesa Sanpaolo SpA

     73,234        243,592  

Intesa Sanpaolo SpA RSP

     16,971        54,207  

Iren SpA

     5,865        17,607  

Luxottica Group SpA

     710        43,609  

MARR SpA

     290        7,494  

Mediobanca SpA

     2,992        33,988  

Moncler SpA

     220        6,890  

Parmalat SpA

     1,131        4,210  

Poste Italiane SpA(b)

     5,757        43,379  

Prysmian SpA

     500        16,325  

RAI Way SpA(b)

     1,971      12,011  

Recordati SpA

     490        21,806  

Salvatore Ferragamo SpA(a)

     450        11,969  

Saras SpA

     6,914        16,638  

Snam SpA

     15,051        73,739  

Societa Cattolica di Assicurazioni SC

     941        10,226  

Societa Iniziative Autostradali e Servizi SpA

     851        15,859  

Telecom Italia SpA RSP

     13,337        9,545  

Terna Rete Elettrica Nazionale SpA

     11,779        68,515  

Tod’s SpA(a)

     230        16,820  

Unione di Banche Italiane SpA

     2,792        12,224  

Unipol Gruppo SpA

     4,333        20,344  
     

 

 

 
Total Italy               1,829,691  
Netherlands – 7.3%      

Aalberts Industries N.V.

     130        6,618  

ABN AMRO Group N.V. CVA(b)

     1,590        51,359  

Aegon N.V.

     9,064        57,849  

Akzo Nobel N.V.

     532        46,647  

Arcadis N.V.

     140        3,203  

ASM International N.V.(a)

     150        10,153  

ASML Holding N.V.

     336        58,564  

BE Semiconductor Industries N.V.

     171        14,355  

ForFarmers N.V.

     226        2,833  

Gemalto N.V.

     20        1,189  

GrandVision N.V.(b)

     710        18,155  

Heineken Holding N.V.

     420        41,603  

Heineken N.V.

     801        83,613  

IMCD Group N.V.

     30        1,889  

ING Groep N.V.

     16,059        295,522  

Koninklijke Ahold Delhaize N.V.

     3,255        71,664  

Koninklijke DSM N.V.

     520        49,747  

Koninklijke KPN N.V.

     8,715        30,432  

Koninklijke Philips N.V.

     2,742        103,848  

Koninklijke Vopak N.V.

     630        27,665  

NN Group N.V.

     1,460        63,325  

Philips Lighting N.V.(b)

     371        13,632  

Randstad Holding N.V.

     750        46,147  

Wessanen

     90        1,857  

Wolters Kluwer N.V.

     801        41,821  
     

 

 

 
Total Netherlands               1,143,690  
Portugal – 1.0%      

EDP – Energias de Portugal S.A.

     8,576        29,710  

Galp Energia, SGPS, S.A.

     2,552        46,963  

Jeronimo Martins, SGPS, S.A.

     1,401        27,245  

Navigator Co. S.A. (The)

     4,423        22,583  

NOS, SGPS, S.A.

     1,123        7,391  

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

     9,178        27,321  
     

 

 

 
Total Portugal               161,213  
Spain – 13.3%      

Abertis Infraestructuras S.A.

     3,702        82,461  

Acciona S.A.

     140        11,438  

Acerinox S.A.

     981        14,036  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      31  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

December 31, 2017

 

  

 

 

 

 

Investments    Shares      Value  

ACS Actividades de Construccion y Servicios S.A.

     1,101      $ 43,126  

Almirall S.A.(a)

     160        1,604  

Amadeus IT Group S.A.

     660        47,639  

Atresmedia Corp. de Medios de Comunicacion S.A.

     820        8,566  

Banco Bilbao Vizcaya Argentaria S.A.

     30,552        260,917  

Banco de Sabadell S.A.

     12,723        25,300  

Banco Santander S.A.

     44,673        293,912  

Bankia S.A.

     14,080        67,409  

Bankinter S.A.

     2,382        22,608  

Bolsas y Mercados Espanoles SHMSF S.A.

     420        13,390  

CaixaBank S.A.

     17,963        83,886  

Cia de Distribucion Integral Logista Holdings S.A.

     567        13,052  

Distribuidora Internacional de Alimentacion S.A.

     86        444  

Ebro Foods S.A.

     550        12,892  

EDP Renovaveis S.A.

     1,862        15,577  

Enagas S.A.

     250        7,166  

Endesa S.A.

     5,398        115,735  

Gas Natural SDG S.A.

     4,383        101,315  

Grifols S.A.

     530        15,545  

Grupo Catalana Occidente S.A.

     220        9,759  

Iberdrola S.A.

     22,396        173,730  

Industria de Diseno Textil S.A.

     4,743        165,423  

Mapfre S.A.

     15,043        48,374  

Prosegur Cia de Seguridad S.A.

     1,631        12,828  

Red Electrica Corp. S.A.

     1,641        36,868  

Repsol S.A.

     8,206        145,294  

Telefonica S.A.

     24,157        235,688  

Zardoya Otis S.A.

     781        8,553  
     

 

 

 
Total Spain               2,094,535  
Switzerland – 0.4%      

STMicroelectronics N.V.

     2,688      58,745  
United Kingdom – 1.8%      

CNH Industrial N.V.

     2,762        37,046  

Unilever N.V. CVA

     4,293        242,055  
     

 

 

 
Total United Kingdom               279,101  
TOTAL COMMON STOCKS
(Cost: $14,893,071)
              15,705,215  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%  
United States – 0.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c)

     
(Cost: $33,449)(d)      33,449        33,449  
TOTAL INVESTMENTS IN SECURITIES – 100.3%
(Cost: $14,926,520)
        15,738,664  

Other Assets less Liabilities – (0.3)%

        (44,264
     

 

 

 
NET ASSETS – 100.0%             $ 15,694,400  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(d) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $41,644 and the total market value of the collateral held by the Fund was $49,651. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $16,202.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

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

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    1/3/2018       921,274       EUR       1,106,233       USD     $ 33     $  

Bank of America N.A.

    1/3/2018       1,112,333       USD       930,854       EUR             (5,436

Bank of America N.A.

    2/2/2018       1,099,908       USD       914,472       EUR             (95

Bank of Montreal

    1/3/2018       701,920       EUR       842,845       USD       21        

Bank of Montreal

    1/3/2018       5,800       USD       4,830       EUR              

Bank of Montreal

    2/2/2018       838,029       USD       696,720       EUR             (44

Barclays Bank PLC

    1/3/2018       921,270       EUR       1,106,233       USD       28        

Barclays Bank PLC

    1/3/2018       1,112,333       USD       930,850       EUR             (5,432

Barclays Bank PLC

    2/2/2018       1,099,908       USD       914,446       EUR             (63

Citibank N.A.

    1/3/2018       24,499       EUR       29,050       USD       369        

Citibank N.A.

    1/3/2018       921,274       EUR       1,106,233       USD       33        

Citibank N.A.

    1/3/2018       1,112,333       USD       930,857       EUR             (5,440

Citibank N.A.

    2/2/2018       1,099,908       USD       914,446       EUR             (64

Credit Suisse International

    1/3/2018       921,270       EUR       1,106,233       USD       28        

Credit Suisse International

    2/2/2018       1,099,908       USD       914,479       EUR             (104

Goldman Sachs

    1/3/2018       1,112,333       USD       930,834       EUR             (5,413

Morgan Stanley & Co. International

    1/3/2018       847,495       USD       709,220       EUR             (4,137
                                            $ 512     $ (26,228

 

CURRENCY LEGEND

EUR - Euro

USD - U.S. dollar

 

See Notes to Financial Statements.

 

32   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%  
Australia – 7.3%  

AGL Energy Ltd.

     18,955      $ 361,153  

Amcor Ltd.

     37,445        451,615  

AMP Ltd.

     176,973        718,397  

Ansell Ltd.

     5,396        102,558  

Aristocrat Leisure Ltd.

     24,625        456,473  

Asaleo Care Ltd.

     32,300        37,895  

ASX Ltd.

     8,092        347,218  

Aurizon Holdings Ltd.

     83,102        322,391  

Australia & New Zealand Banking Group Ltd.

     103,711        2,331,319  

Bank of Queensland Ltd.

     34,015        338,414  

Beach Energy Ltd.

     269,887        262,810  

Bendigo & Adelaide Bank Ltd.

     35,939        328,040  

BHP Billiton Ltd.

     100,524        2,324,937  

Boral Ltd.

     43,178        263,081  

Brambles Ltd.

     64,192        505,592  

Brickworks Ltd.

     1,712        19,912  

Caltex Australia Ltd.

     13,958        371,732  

carsales.com Ltd.

     11,365        128,804  

CIMIC Group Ltd.

     8,066        324,589  

Cleanaway Waste Management Ltd.

     201,911        236,887  

Coca-Cola Amatil Ltd.

     56,004        372,768  

Cochlear Ltd.

     1,331        178,258  

Commonwealth Bank of Australia

     73,466        4,616,452  

Computershare Ltd.

     23,604        300,928  

Crown Resorts Ltd.

     26,314        267,971  

CSL Ltd.

     6,431        710,740  

CSR Ltd.

     55,745        207,541  

Downer EDI Ltd.

     51,623        279,812  

Fairfax Media Ltd.

     242,771        148,109  

Fortescue Metals Group Ltd.

     81,852        312,420  

Genworth Mortgage Insurance Australia Ltd.

     16,992        39,871  

GrainCorp Ltd. Class A

     15,353        98,348  

Harvey Norman Holdings Ltd.(a)

     151,483        494,072  

Healthscope Ltd.

     22,902        37,617  

Incitec Pivot Ltd.

     57,355        174,955  

Insurance Australia Group Ltd.

     142,815        808,728  

IOOF Holdings Ltd.

     37,994        318,566  

IRESS Ltd.

     18,208        164,915  

JB Hi-Fi Ltd.(a)

     3,136        61,173  

Macquarie Group Ltd.

     11,780        917,964  

Magellan Financial Group Ltd.

     8,770        184,931  

Medibank Pvt Ltd.

     157,900        406,320  

Myer Holdings Ltd.(a)

     189,829        97,993  

National Australia Bank Ltd.

     126,495        2,925,599  

Navitas Ltd.

     26,959        114,919  

Newcrest Mining Ltd.

     12,200        217,754  

NIB Holdings Ltd.

     12,890        68,154  

Nine Entertainment Co. Holdings Ltd.

     154,513        185,508  

Orora Ltd.

     126,828        336,283  

Perpetual Ltd.

     6,380        241,272  

Premier Investments Ltd.

     18,546        215,410  

Primary Health Care Ltd.

     50,259        142,302  

QBE Insurance Group Ltd.

     46,328      386,995  

Qube Holdings Ltd.(a)

     80,742        163,565  

REA Group Ltd.

     4,723        283,152  

Rio Tinto Ltd.

     19,917        1,180,975  

Seven West Media Ltd.

     77,469        37,264  

Sonic Healthcare Ltd.

     18,882        337,609  

Star Entertainment Grp Ltd. (The)

     17,421        82,845  

Steadfast Group Ltd.

     103,679        228,681  

Suncorp Group Ltd.

     60,050        650,978  

Super Retail Group Ltd.

     15,849        102,393  

Tabcorp Holdings Ltd.

     97,512        425,582  

Technology One Ltd.

     40,815        158,340  

Telstra Corp., Ltd.

     409,302        1,162,092  

TPG Telecom Ltd.(a)

     37,460        192,497  

Treasury Wine Estates Ltd.

     13,779        172,005  

Vocus Group Ltd.(a)

     17,376        41,180  

Washington H Soul Pattinson & Co., Ltd.

     26,553        369,678  

Wesfarmers Ltd.

     43,822        1,522,512  

Westpac Banking Corp.

     94,301        2,312,299  

Woodside Petroleum Ltd.

     34,722        898,381  

Woolworths Group Ltd.

     48,110        1,027,278  
     

 

 

 
Total Australia        37,617,771  
Austria – 0.5%  

EVN AG

     30,053        602,664  

OMV AG

     14,230        902,727  

Voestalpine AG

     13,235        792,166  
     

 

 

 
Total Austria        2,297,557  
Belgium – 2.0%  

Ackermans & van Haaren N.V.

     2,777        484,021  

Ageas

     10,454        511,102  

Anheuser-Busch InBev S.A.

     49,840        5,573,633  

bpost S.A.

     21,303        649,365  

Colruyt S.A.

     7,081        368,684  

Elia System Operator S.A./N.V.

     6,102        350,977  

Euronav N.V.

     5,288        48,792  

KBC Group N.V.

     12,110        1,034,060  

Proximus SADP

     21,878        718,515  

UCB S.A.

     4,481        356,100  
     

 

 

 
Total Belgium        10,095,249  
China – 2.6%  

Beijing Enterprises Holdings Ltd.

     46,500        276,003  

China Everbright International Ltd.

     95,000        135,622  

China Jinmao Holdings Group Ltd.

     674,000        296,594  

China Mobile Ltd.

     602,500        6,108,007  

China Overseas Land & Investment Ltd.

     220,000        707,789  

China Power International Development Ltd.

     443,666        116,347  

China Resources Power Holdings Co., Ltd.

     292,000        543,860  

China South City Holdings Ltd.

     1,150,000        301,575  

CITIC Ltd.

     732,000        1,056,242  

CITIC Telecom International Holdings Ltd.

     522,000        138,224  

CNOOC Ltd.

     1,137,000        1,631,911  

Fosun International Ltd.

     168,500        373,328  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      33  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Guangdong Investment Ltd.

     232,000      $ 310,430  

Guotai Junan International Holdings Ltd.(a)

     338,000        105,932  

Lenovo Group Ltd.

     670,000        377,969  

Shanghai Industrial Holdings Ltd.

     68,000        194,850  

Shenzhen Investment Ltd.

     552,000        228,785  

Sino-Ocean Group Holding Ltd.

     385,000        265,456  

Sun Art Retail Group Ltd.

     243,000        256,761  
     

 

 

 
Total China        13,425,685  
Denmark – 1.3%  

AP Moller – Maersk A/S Class B

     218        381,124  

Coloplast A/S Class B

     5,396        429,477  

Danske Bank A/S

     25,553        995,678  

DSV A/S

     2,023        159,415  

GN Store Nord A/S

     4,721        152,661  

ISS A/S

     10,423        403,949  

Novo Nordisk A/S Class B

     19,582        1,056,412  

Novozymes A/S Class B

     3,374        192,904  

Orsted A/S(b)

     9,670        528,229  

Pandora A/S

     2,356        256,673  

Rockwool International A/S Class B

     674        191,208  

Royal Unibrew A/S

     7,787        466,939  

Scandinavian Tobacco Group A/S Class A(b)

     9,297        179,930  

SimCorp A/S

     2,598        148,035  

Sydbank A/S

     3,711        149,568  

TDC A/S

     35,104        215,876  

Tryg A/S

     28,794        720,732  

Vestas Wind Systems A/S

     3,374        233,335  
     

 

 

 
Total Denmark        6,862,145  
Finland – 1.4%  

Elisa Oyj

     9,781        384,297  

F-Secure Oyj

     37,020        172,925  

Fortum Oyj

     64,235        1,272,701  

Kesko Oyj Class B

     6,379        346,611  

Kone Oyj Class B

     15,936        856,908  

Metso Oyj

     8,533        291,716  

Neste Oyj

     12,316        788,996  

Nokia Oyj

     168,748        789,052  

Nokian Renkaat Oyj

     6,743        306,066  

Orion Oyj Class B

     4,501        167,981  

Sampo Oyj Class A

     17,896        984,220  

Tieto Oyj

     7,063        220,343  

UPM-Kymmene Oyj

     21,155        658,190  
     

 

 

 
Total Finland        7,240,006  
France – 11.1%  

Accor S.A.

     5,171        267,002  

Aeroports de Paris

     2,360        449,171  

Air Liquide S.A.

     6,166        777,804  

Airbus SE

     15,298        1,524,697  

Amundi S.A.(b)

     5,068        429,952  

Arkema S.A.

     1,615        196,935  

AXA S.A.

     88,302        2,622,728  

BioMerieux

     1,317        118,119  

BNP Paribas S.A.

     38,481      2,876,448  

Bouygues S.A.

     13,845        720,032  

Capgemini SE

     2,696        320,142  

Carrefour S.A.

     21,846        473,238  

Casino Guichard Perrachon S.A.

     5,406        328,212  

Christian Dior SE

     3,275        1,197,680  

Cie de Saint-Gobain

     15,513        856,516  

Cie Generale des Etablissements Michelin

     5,006        718,640  

CNP Assurances

     26,368        609,665  

Credit Agricole S.A.

     101,007        1,673,791  

Danone S.A.

     15,024        1,261,956  

Dassault Systemes SE

     3,720        395,729  

Edenred

     12,315        357,570  

Electricite de France S.A.

     149,898        1,875,575  

Elior Group S.A.(b)

     6,406        132,500  

Engie S.A.

     143,854        2,476,227  

Essilor International Cie Generale d’Optique S.A.

     2,697        372,272  

Eutelsat Communications S.A.

     17,135        397,008  

Gaztransport Et Technigaz S.A.

     2,022        121,644  

Hermes International

     1,294        693,399  

Iliad S.A.

     136        32,621  

Imerys S.A.

     3,713        350,176  

Ingenico Group S.A.

     682        72,894  

Ipsen S.A.

     3,037        363,115  

Kering

     2,569        1,212,348  

Klepierre S.A.

     3,921        172,631  

L’Oreal S.A.

     9,185        2,039,878  

Legrand S.A.

     6,217        479,202  

LVMH Moet Hennessy Louis Vuitton SE

     8,392        2,472,924  

Metropole Television S.A.

     13,280        343,411  

Natixis S.A.

     133,996        1,061,312  

Neopost S.A.

     4,049        116,689  

Nexity S.A.*

     3,091        184,173  

Orange S.A.

     104,428        1,815,124  

Pernod Ricard S.A.

     3,712        588,150  

Publicis Groupe S.A.

     3,441        234,075  

Rallye S.A.

     2,660        47,369  

Remy Cointreau S.A.

     2,078        288,203  

Renault S.A.

     9,175        924,465  

Rexel S.A.

     7,664        139,148  

Rubis SCA

     3,326        235,558  

Safran S.A.

     9,448        974,663  

Sanofi

     34,135        2,945,082  

Schneider Electric SE*

     17,204        1,463,866  

Societe BIC S.A.

     409        45,017  

Societe Generale S.A.

     31,220        1,613,901  

Sodexo S.A.

     3,037        408,627  

Suez

     13,399        235,953  

Teleperformance

     2,023        290,170  

Television Francaise 1

     12,477        184,059  

Thales S.A.

     4,723        509,744  

TOTAL S.A.

     105,918        5,856,296  

Unibail-Rodamco SE

     2,022        509,884  

Valeo S.A.

     4,159        310,984  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Veolia Environnement S.A.

     15,422      $ 393,986  

Vicat S.A.

     2,750        217,252  

Vinci S.A.

     18,941        1,936,682  

Vivendi S.A.

     51,359        1,382,684  

Zodiac Aerospace

     6,052        181,172  
     

 

 

 
Total France        56,878,140  
Germany – 8.3%  

adidas AG

     2,455        492,752  

Allianz SE Registered Shares

     14,437        3,319,835  

Axel Springer SE

     5,058        395,577  

BASF SE

     25,454        2,804,049  

Bayer AG Registered Shares

     17,165        2,143,621  

Bayerische Motoren Werke AG

     23,156        2,414,371  

Bechtle AG

     4,046        337,759  

Beiersdorf AG

     4,079        479,520  

Brenntag AG

     4,049        256,570  

Carl Zeiss Meditec AG Bearer Shares

     5,608        348,556  

CECONOMY AG

     1,372        20,767  

Comdirect Bank AG

     2,799        38,501  

Continental AG

     2,979        805,045  

Covestro AG(b)

     4,279        442,041  

CTS Eventim AG & Co. KGaA

     6,069        282,943  

Daimler AG Registered Shares

     45,083        3,832,806  

Deutsche Bank AG Registered Shares

     16,586        316,174  

Deutsche Boerse AG

     3,639        422,988  

Deutsche Lufthansa AG Registered Shares

     14,748        544,033  

Deutsche Post AG Registered Shares

     35,083        1,674,575  

Deutsche Telekom AG Registered Shares

     158,029        2,807,518  

Deutsche Wohnen SE Bearer Shares

     10,454        457,688  

DMG MORI AG

     2,545        140,639  

Drillisch AG

     2,424        200,346  

Duerr AG

     281        35,953  

Evonik Industries AG

     11,764        443,139  

Fielmann AG

     2,487        219,559  

Fraport AG Frankfurt Airport Services Worldwide

     3,374        372,171  

Freenet AG

     13,034        482,371  

GEA Group AG

     2,470        118,669  

Gerresheimer AG

     1,012        83,995  

Hamburger Hafen und Logistik AG

     4,367        124,123  

Hannover Rueck SE

     1,697        213,761  

Henkel AG & Co. KGaA

     5,058        607,365  

Hochtief AG

     956        169,440  

Hugo Boss AG

     3,306        281,621  

Infineon Technologies AG

     3,367        92,324  

Innogy SE(b)

     24,672        968,034  

K+S AG Registered Shares(a)

     8,340        207,855  

Krones AG

     1,591        218,749  

LEG Immobilien AG

     2,696        308,488  

Linde AG*

     3,700        864,822  

MAN SE

     3,730        427,295  

Merck KGaA

     4,336        467,299  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     7,267        1,577,263  

OSRAM Licht AG

     3,374      303,579  

ProSiebenSat.1 Media SE

     4,415        152,181  

RHOEN-KLINIKUM AG

     11,378        408,242  

SAP SE

     16,405        1,840,883  

Siemens AG Registered Shares

     20,398        2,844,969  

Software AG

     3,322        186,927  

Suedzucker AG

     9,107        197,717  

Talanx AG

     10,153        415,372  

Telefonica Deutschland Holding AG

     145,052        729,111  

TUI AG

     33,843        697,766  

Uniper SE

     11,540        360,288  

Volkswagen AG

     4,523        916,247  

Wacker Chemie AG

     1,259        245,215  

Wirecard AG

     1,685        188,313  
     

 

 

 
Total Germany        42,749,780  
Hong Kong – 2.5%  

AIA Group Ltd.

     181,400        1,546,609  

Bank of East Asia Ltd. (The)

     18,400        79,675  

BOC Hong Kong Holdings Ltd.

     302,000        1,529,838  

CLP Holdings Ltd.

     142,500        1,457,393  

Dah Sing Banking Group Ltd.

     115,600        250,800  

Hang Seng Bank Ltd.

     36,200        898,366  

Hong Kong & China Gas Co., Ltd.

     389,730        763,776  

Hong Kong Aircraft Engineering Co., Ltd.

     30,400        194,635  

Hong Kong Exchanges & Clearing Ltd.

     33,400        1,024,563  

Hopewell Holdings Ltd.

     69,500        256,492  

MTR Corp., Ltd.

     151,000        884,679  

New World Development Co., Ltd.

     404,000        606,726  

PCCW Ltd.

     622,000        361,235  

Power Assets Holdings Ltd.

     29,000        244,656  

Sino Land Co., Ltd.

     456,000        807,317  

Sun Hung Kai Properties Ltd.

     63,000        1,050,900  

Techtronic Industries Co., Ltd.

     53,500        348,691  

Wharf Holdings Ltd. (The)

     82,000        283,218  
     

 

 

 
Total Hong Kong        12,589,569  
Ireland – 0.2%  

C&C Group PLC

     98,308        336,438  

CRH PLC

     13,478        484,803  

Greencore Group PLC

     27,970        86,910  

Paddy Power Betfair PLC

     395        47,052  

Smurfit Kappa Group PLC

     7,850        265,727  
     

 

 

 
Total Ireland        1,220,930  
Israel – 0.5%  

B Communications Ltd.*

     10,160        186,305  

Bank Hapoalim BM

     34,996        257,960  

Bezeq Israeli Telecommunication Corp., Ltd.

     278,731        422,314  

First International Bank of Israel Ltd.

     7,081        147,182  

Frutarom Industries Ltd.

     1,685        158,470  

Harel Insurance Investments & Financial Services Ltd.

     47,899        351,690  

Israel Chemicals Ltd.

     74,074        300,849  

Mizrahi Tefahot Bank Ltd.

     13,237        244,597  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      35  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Nice Ltd.

     1,349      $ 122,207  

Teva Pharmaceutical Industries Ltd.

     32,440        613,451  
     

 

 

 
Total Israel        2,805,025  
Italy – 3.5%  

A2A SpA

     168,464        311,934  

ACEA SpA

     16,229        300,112  

Anima Holding SpA(b)

     12,606        90,218  

Ascopiave SpA

     39,804        169,487  

Assicurazioni Generali SpA

     60,961        1,112,670  

Atlantia SpA

     26,987        852,926  

Banca Mediolanum SpA

     8,259        71,554  

BPER Banca

     16,255        82,175  

Cementir Holding SpA

     9,465        85,810  

Davide Campari-Milano SpA

     3,464        26,808  

De’ Longhi SpA

     2,696        81,679  

DiaSorin SpA

     3,711        329,757  

Ei Towers SpA

     4,351        279,520  

Enav SpA(b)

     74,688        404,481  

Enel SpA

     479,427        2,953,321  

Eni SpA

     127,791        2,117,630  

FinecoBank Banca Fineco SpA

     21,255        217,839  

Hera SpA

     82,428        288,031  

Infrastrutture Wireless Italiane SpA(b)

     50,622        376,879  

Intesa Sanpaolo SpA

     818,176        2,721,431  

Iren SpA

     154,635        464,214  

Luxottica Group SpA

     7,814        479,943  

Parmalat SpA

     101,559        378,051  

Poste Italiane SpA(b)

     41,589        313,374  

Recordati SpA

     9,481        421,920  

Saras SpA

     59,419        142,986  

Snam SpA

     148,694        728,491  

Societa Iniziative Autostradali e Servizi SpA

     25,917        483,000  

Telecom Italia SpA RSP

     132,082        94,528  

Terna Rete Elettrica Nazionale SpA

     132,202        768,976  

Unione di Banche Italiane SpA

     57,453        251,536  

UnipolSai Assicurazioni SpA

     176,504        412,659  
     

 

 

 
Total Italy        17,813,940  
Japan – 18.2%  

AIT Corp.

     26,500        321,105  

Alpen Co., Ltd.

     13,500        291,092  

Amada Holdings Co., Ltd.

     67,200        915,089  

Astellas Pharma, Inc.

     58,700        748,796  

Bank of Kyoto Ltd. (The)

     5,200        270,963  

Benesse Holdings, Inc.

     9,400        331,691  

Bridgestone Corp.

     25,800        1,199,648  

Canon, Inc.

     69,300        2,583,755  

Chiba Bank Ltd. (The)

     34,000        283,107  

Dai-ichi Life Holdings, Inc.

     33,700        695,240  

Daicel Corp.

     33,700        383,519  

Daido Steel Co., Ltd.

     4,000        246,427  

Daiichi Sankyo Co., Ltd.

     24,700        643,976  

Daito Trust Construction Co., Ltd.

     2,700        550,666  

Daiwa House Industry Co., Ltd.

     11,700        449,409  

Daiwa Securities Group, Inc.

     115,000      721,647  

Denso Corp.

     20,500        1,230,728  

Eagle Industry Co., Ltd.

     23,900        447,237  

Eisai Co., Ltd.

     7,700        438,555  

FANUC Corp.

     2,600        624,554  

Fast Retailing Co., Ltd.

     1,200        478,402  

Fujitsu Ltd.

     43,000        306,401  

Fukuoka Financial Group, Inc.

     32,000        179,814  

Gfoot Co., Ltd.(a)

     23,900        167,183  

Goldcrest Co., Ltd.

     5,300        107,082  

Gunma Bank Ltd. (The)

     72,200        437,110  

Hachijuni Bank Ltd. (The)

     73,900        424,441  

Hiday Hidaka Corp.

     11,300        346,072  

Hitachi Chemical Co., Ltd.

     29,300        752,723  

Hitachi Ltd.

     202,000        1,574,219  

Hitachi Metals Ltd.

     23,800        341,841  

Hokuhoku Financial Group, Inc.

     24,000        375,393  

Honda Motor Co., Ltd.

     62,100        2,128,985  

Hulic Co., Ltd.

     33,700        378,732  

Idemitsu Kosan Co., Ltd.

     8,000        321,349  

Isetan Mitsukoshi Holdings Ltd.

     34,500        427,843  

Isuzu Motors Ltd.

     39,800        666,690  

ITOCHU Corp.

     67,500        1,260,120  

Iyo Bank Ltd. (The)

     33,900        271,742  

J. Front Retailing Co., Ltd.

     34,900        657,725  

Japan Airlines Co., Ltd.

     17,500        684,776  

Japan Asia Group Ltd.

     64,100        308,977  

Japan Post Holdings Co., Ltd.(a)

     137,300        1,574,715  

Japan Post Insurance Co., Ltd.

     23,700        558,154  

Japan Tobacco, Inc.

     51,000        1,643,862  

JSR Corp.

     33,700        663,530  

JXTG Holdings, Inc.

     102,700        662,787  

Kawasaki Heavy Industries Ltd.

     12,800        449,392  

KDDI Corp.

     73,600        1,832,323  

Keihanshin Building Co., Ltd.

     54,600        429,917  

Keiyo Co., Ltd.(a)

     101,500        615,397  

KFC Holdings Japan Ltd.

     20,800        370,578  

Komatsu Ltd.

     42,300        1,531,286  

Konica Minolta, Inc.

     20,000        192,455  

Kubota Corp.

     22,700        445,234  

Kuraray Co., Ltd.

     33,800        637,894  

Lawson, Inc.

     4,700        312,499  

LIXIL Group Corp.

     10,100        273,458  

Marubeni Corp.

     85,500        619,410  

Mazda Motor Corp.

     12,000        161,012  

McDonald’s Holdings Co., Japan Ltd.(a)

     7,400        325,495  

MINEBEA MITSUMI, Inc.

     22,500        471,971  

Mitsubishi Chemical Holdings Corp.

     100,900        1,107,526  

Mitsubishi Corp.

     67,400        1,862,549  

Mitsubishi Electric Corp.

     36,000        598,083  

Mitsubishi Heavy Industries Ltd.

     19,800        739,973  

Mitsubishi Materials Corp.

     8,900        316,813  

Mitsubishi Motors Corp.

     32,900        237,733  

Mitsubishi Tanabe Pharma Corp.

     19,400        401,605  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Mitsubishi UFJ Financial Group, Inc.

     316,400      $ 2,321,109  

Mitsui & Co., Ltd.

     101,200        1,645,791  

Mitsui Mining & Smelting Co., Ltd.

     5,600        327,599  

Mizuho Financial Group, Inc.

     1,045,400        1,898,703  

Modec, Inc.

     7,500        193,742  

MOS Food Services, Inc.

     8,900        271,780  

MS&AD Insurance Group Holdings, Inc.

     28,600        968,312  

Murata Manufacturing Co., Ltd.

     2,600        348,975  

Nachi-Fujikoshi Corp.

     68,000        456,352  

Nagaileben Co., Ltd.

     3,100        77,933  

Nakanishi, Inc.

     4,600        240,107  

NGK Spark Plug Co., Ltd.

     22,000        534,913  

Nintendo Co., Ltd.

     1,500        548,469  

Nippon Telegraph & Telephone Corp.

     58,000        2,729,321  

Nissan Motor Co., Ltd.

     168,800        1,683,505  

NOK Corp.

     9,400        219,542  

Nomura Holdings, Inc.

     85,600        505,393  

Nomura Real Estate Holdings, Inc.

     22,000        493,316  

NTN Corp.

     79,800        395,989  

NTT DOCOMO, Inc.

     114,200        2,697,614  

Oji Holdings Corp.

     61,000        406,125  

Ono Pharmaceutical Co., Ltd.

     10,800        251,760  

Otsuka Holdings Co., Ltd.

     10,700        469,983  

Panasonic Corp.

     75,100        1,099,667  

Raysum Co., Ltd.

     10,100        130,991  

Resona Holdings, Inc.

     105,800        632,170  

Ricoh Co., Ltd.

     24,200        224,921  

SAMTY Co., Ltd.(a)

     25,300        377,310  

Sega Sammy Holdings, Inc.

     33,800        419,462  

Seiko Epson Corp.

     33,600        793,097  

Seiko Holdings Corp.

     6,000        174,700  

Sekisui House Ltd.

     20,600        372,226  

Seven & I Holdings Co., Ltd.

     17,800        739,968  

Shin-Etsu Chemical Co., Ltd.

     14,500        1,473,813  

SoftBank Group Corp.

     6,800        538,447  

Sojitz Corp.

     168,500        517,541  

Sompo Holdings, Inc.

     20,800        805,781  

Sony Financial Holdings, Inc.

     24,400        432,334  

Sparx Group Co., Ltd.(a)

     173,900        481,640  

Subaru Corp.

     31,800        1,011,446  

SUMCO Corp.

     14,900        381,990  

Sumitomo Corp.

     55,800        948,575  

Sumitomo Metal Mining Co., Ltd.

     17,100        786,008  

Sumitomo Mitsui Financial Group, Inc.

     49,000        2,117,461  

Sumitomo Mitsui Trust Holdings, Inc.

     13,800        547,957  

Sumitomo Rubber Industries Ltd.(a)

     24,900        463,297  

Suzuki Motor Corp.

     9,100        527,824  

T&D Holdings, Inc.

     33,800        578,186  

Takeda Pharmaceutical Co., Ltd.

     29,400        1,670,567  

Tokai Tokyo Financial Holdings, Inc.

     97,500        629,228  

Tokio Marine Holdings, Inc.

     26,500        1,209,379  

Tokyo Electron Ltd.

     4,400        796,804  

Tokyu Fudosan Holdings Corp.

     30,700        222,108  

Toyo Tire & Rubber Co., Ltd.

     5,900        121,928  

Toyota Motor Corp.

     105,474      6,753,519  

Unizo Holdings Co., Ltd.

     1,400        38,029  

Yahoo Japan Corp.

     93,100        427,277  

Yamaha Corp.

     8,500        313,893  

Yokohama Rubber Co., Ltd. (The)(a)

     8,600        210,935  
     

 

 

 
Total Japan        93,667,287  
Netherlands – 2.2%  

Aalberts Industries N.V.

     2,360        120,143  

ABN AMRO Group N.V. CVA(b)

     25,552        825,369  

Aegon N.V.

     62,308        397,665  

Akzo Nobel N.V.

     5,182        454,370  

Arcadis N.V.

     5,451        124,726  

ASM International N.V.(a)

     4,579        309,948  

ASML Holding N.V.

     3,416        595,396  

BE Semiconductor Industries N.V.

     1,388        116,520  

BinckBank N.V.

     23,516        125,207  

Brunel International N.V.

     2,096        38,257  

Corbion N.V.

     4,721        153,062  

Euronext N.V.(b)

     1,337        83,179  

Gemalto N.V.

     1,349        80,184  

Heineken N.V.

     9,437        985,087  

IMCD Group N.V.

     3,037        191,203  

ING Groep N.V.

     127,644        2,348,939  

Koninklijke Ahold Delhaize N.V.

     25,861        569,373  

Koninklijke DSM N.V.

     3,981        380,853  

Koninklijke KPN N.V.

     61,585        215,050  

Koninklijke Philips N.V.

     27,110        1,026,744  

Koninklijke Vopak N.V.

     5,932        260,493  

NN Group N.V.

     17,573        762,192  

Randstad Holding N.V.

     4,734        291,278  

Steinhoff International Holdings N.V.

     112,490        42,820  

Wessanen

     8,987        185,400  

Wolters Kluwer N.V.

     9,156        478,042  
     

 

 

 
Total Netherlands        11,161,500  
New Zealand – 0.6%  

Air New Zealand Ltd.

     142,456        323,194  

Contact Energy Ltd.

     67,747        267,890  

EBOS Group Ltd.

     12,066        159,184  

Freightways Ltd.

     50,852        277,393  

Genesis Energy Ltd.

     171,874        308,037  

Kiwi Property Group Ltd.

     183,583        183,443  

Mainfreight Ltd.

     8,092        146,120  

Mercury NZ Ltd.

     82,133        196,852  

Metlifecare Ltd.

     56,345        244,443  

Port of Tauranga Ltd.

     101,265        355,777  

SKY Network Television Ltd.

     52,180        104,280  

Trustpower Ltd.

     43,895        186,684  

Z Energy Ltd.

     31,550        172,102  
     

 

 

 
Total New Zealand        2,925,399  
Norway – 1.8%  

Aker ASA Class A

     5,818        286,655  

Aker BP ASA

     22,122        546,062  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      37  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

American Shipping Co. ASA*

     22,881      $ 66,858  

Austevoll Seafood ASA

     31,708        264,577  

DNB ASA

     26,666        495,870  

Entra ASA(b)

     15,825        236,040  

Gjensidige Forsikring ASA

     16,268        308,082  

Kongsberg Gruppen ASA

     9,784        180,624  

Leroy Seafood Group ASA

     53,954        290,108  

Marine Harvest ASA*

     35,744        607,434  

Norsk Hydro ASA

     81,020        617,604  

Ocean Yield ASA

     24,730        210,131  

Orkla ASA

     46,890        499,034  

Protector Forsikring ASA

     18,890        207,853  

Salmar ASA

     6,322        190,757  

SpareBank 1 SMN

     28,286        284,439  

SpareBank 1 SR-Bank ASA

     28,277        300,769  

Statoil ASA

     109,636        2,348,381  

Telenor ASA

     51,468        1,106,839  

TGS Nopec Geophysical Co. ASA

     2,698        64,058  

Yara International ASA

     6,254        288,028  
     

 

 

 
Total Norway        9,400,203  
Portugal – 0.4%  

CTT-Correios de Portugal S.A.

     23,771        100,105  

EDP – Energias de Portugal S.A.

     194,104        672,436  

Galp Energia, SGPS, S.A.

     34,013        625,916  

Jeronimo Martins, SGPS, S.A.

     15,850        308,234  

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

     75,892        225,914  

Semapa-Sociedade de Investimento e Gestao

     13,127        280,501  
     

 

 

 
Total Portugal        2,213,106  
Singapore – 1.8%  

Asian Pay Television Trust

     325,300        143,615  

CapitaLand Ltd.

     236,100        623,640  

City Developments Ltd.

     33,500        313,091  

ComfortDelGro Corp., Ltd.

     101,100        149,789  

DBS Group Holdings Ltd.

     67,400        1,253,285  

Frasers Centrepoint Ltd.

     270,400        420,856  

Hutchison Port Holdings Trust

     1,180,200        489,783  

Keppel Corp., Ltd.

     88,700        487,837  

M1 Ltd.

     67,400        89,773  

Olam International Ltd.(a)

     134,800        204,762  

Oversea-Chinese Banking Corp., Ltd.

     92,200        854,802  

RHT Health Trust

     141,300        88,815  

Sembcorp Industries Ltd.

     101,100        229,223  

Sembcorp Marine Ltd.(a)

     58,000        79,856  

SIA Engineering Co., Ltd.

     93,700        219,456  

Singapore Technologies Engineering Ltd.

     133,500        325,659  

Singapore Telecommunications Ltd.

     698,900        1,867,011  

StarHub Ltd.

     104,900        223,709  

United Engineers Ltd.

     67,500        133,343  

United Overseas Bank Ltd.

     57,128        1,130,676  
     

 

 

 
Total Singapore        9,328,981  
Spain – 4.0%  

Abertis Infraestructuras S.A.

     30,745        684,840  

Amadeus IT Group S.A.

     10,003        722,018  

Atresmedia Corp. de Medios de Comunicacion S.A.

     8,702      90,909  

Banco Bilbao Vizcaya Argentaria S.A.

     242,475        2,070,759  

Banco de Sabadell S.A.

     88,083        175,155  

Banco Santander S.A.

     418,398        2,752,718  

Bankia S.A.

     98,931        473,641  

Bankinter S.A.

     17,237        163,598  

CaixaBank S.A.

     186,847        872,559  

Cia de Distribucion Integral Logista Holdings S.A.

     8,770        201,880  

Distribuidora Internacional de Alimentacion S.A.

     23,612        122,004  

Ebro Foods S.A.

     10,536        246,960  

Enagas S.A.(a)

     10,792        309,332  

Endesa S.A.

     48,595        1,041,891  

Ferrovial S.A.

     32,076        728,932  

Gas Natural SDG S.A.

     39,950        923,460  

Grupo Catalana Occidente S.A.

     558        24,752  

Iberdrola S.A.

     224,373        1,740,499  

Industria de Diseno Textil S.A.

     49,274        1,718,541  

Mapfre S.A.

     120,424        387,253  

Mediaset Espana Comunicacion S.A.

     15,513        174,340  

Obrascon Huarte Lain S.A.*(a)

     16,078        96,165  

Red Electrica Corp. S.A.

     16,192        363,785  

Repsol S.A.

     78,004        1,381,123  

Tecnicas Reunidas S.A.(a)

     2,359        74,953  

Telefonica S.A.

     252,155        2,460,151  

Viscofan S.A.

     3,711        245,134  

Zardoya Otis S.A.

     6,027        66,003  
     

 

 

 
Total Spain        20,313,355  
Sweden – 2.9%  

AAK AB

     3,711        318,409  

AF AB Class B

     9,780        216,086  

Assa Abloy AB Class B

     13,744        286,043  

Atlas Copco AB Class A

     20,876        903,118  

Atrium Ljungberg AB Class B

     15,783        251,179  

Avanza Bank Holding AB

     1,329        55,854  

Axfood AB

     12,477        240,930  

Com Hem Holding AB

     20,404        312,508  

Electrolux AB Series B

     6,743        217,670  

Fabege AB

     17,198        366,751  

Hennes & Mauritz AB Class B

     39,637        819,608  

Hexpol AB

     2,542        25,816  

Husqvarna AB Class B

     12,044        114,887  

ICA Gruppen AB

     10,051        365,703  

Indutrade AB

     3,477        94,957  

Investment AB Latour Class B

     2,886        35,566  

Kinnevik AB Class B

     7,536        255,235  

Lifco AB Class B

     3,313        115,080  

Loomis AB Class B

     3,712        156,233  

NetEnt AB*

     3,130        21,599  

Nordea Bank AB

     187,622        2,275,525  

Sandvik AB

     33,015        579,451  

Securitas AB Class B

     14,839        259,535  

Skandinaviska Enskilda Banken AB Class A

     83,073        977,091  

Skanska AB Class B

     8,515        176,800  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

SKF AB Class B

     10,658      $ 237,177  

Svenska Cellulosa AB SCA Class B

     16,187        167,159  

Svenska Handelsbanken AB Class A

     48,574        665,649  

Swedbank AB Class A

     56,357        1,362,205  

Swedish Match AB

     7,745        305,732  

Tele2 AB Class B

     17,932        220,769  

Telefonaktiebolaget LM Ericsson Class B

     64,618        424,999  

Telia Co. AB

     98,715        440,676  

Thule Group AB(b)

     8,433        190,444  

Trelleborg AB Class B

     14,228        330,176  

Volvo AB Class B

     47,901        893,372  

Wallenstam AB Class B

     34,746        334,835  
     

 

 

 
Total Sweden        15,014,827  
Switzerland – 7.7%  

ABB Ltd. Registered Shares

     44,150        1,183,374  

Adecco Group AG Registered Shares

     2,179        166,695  

Baloise Holding AG Registered Shares

     1,685        262,303  

BKW AG

     3,787        225,199  

Cie Financiere Richemont S.A. Registered Shares

     10,599        960,382  

Clariant AG Registered Shares*

     4,386        122,646  

Coca-Cola HBC AG*

     10,792        353,293  

Credit Suisse Group AG Registered Shares*

     82,853        1,479,366  

DKSH Holding AG

     3,374        295,160  

EMS-Chemie Holding AG Registered Shares

     617        411,861  

GAM Holding AG*

     3,006        48,583  

Geberit AG Registered Shares

     1,012        445,612  

Givaudan S.A. Registered Shares

     337        778,783  

Julius Baer Group Ltd.*

     4,231        258,766  

Kuehne + Nagel International AG Registered Shares

     6,342        1,122,622  

LafargeHolcim Ltd. Registered Shares*

     19,147        1,079,659  

Logitech International S.A. Registered Shares

     7,297        246,353  

Lonza Group AG Registered Shares*

     2,027        547,675  

Mobilezone Holding AG Registered Shares(a)

     22,624        298,326  

Nestle S.A. Registered Shares

     79,800        6,862,227  

Novartis AG Registered Shares

     83,072        7,024,251  

Partners Group Holding AG(a)

     431        295,442  

Roche Holding AG Bearer Shares

     7,072        1,786,687  

Roche Holding AG Genusschein

     18,599        4,704,621  

SGS S.A. Registered Shares

     337        878,725  

Sonova Holding AG Registered Shares

     1,686        263,324  

STMicroelectronics N.V.

     16,795        367,048  

Straumann Holding AG Registered Shares

     675        476,899  

Sulzer AG Registered Shares

     2,022        245,254  

Sunrise Communications Group AG*(b)

     3,260        297,732  

Swatch Group AG (The) Bearer Shares

     962        392,303  

Swiss Life Holding AG Registered Shares*

     1,011        357,922  

Swiss Re AG

     6,280        588,045  

Swisscom AG Registered Shares

     1,216        646,994  

UBS Group AG Registered Shares*

     84,975        1,564,342  

Vifor Pharma AG

     1,269        162,646  

Vontobel Holding AG Registered Shares

     2,362        149,064  

Zurich Insurance Group AG

     6,709        2,041,959  
     

 

 

 
Total Switzerland        39,392,143  
United Kingdom – 19.2%  

Abcam PLC

     10,581      151,007  

Admiral Group PLC

     8,432        228,356  

Aggreko PLC

     1,813        19,596  

Ashmore Group PLC

     9,256        50,723  

Associated British Foods PLC

     10,740        409,705  

AstraZeneca PLC

     44,881        3,109,101  

Aviva PLC

     87,150        597,124  

Babcock International Group PLC

     13,828        131,970  

BAE Systems PLC

     103,484        802,131  

Barclays PLC

     316,102        868,470  

Barratt Developments PLC

     58,061        508,559  

BBA Aviation PLC

     53,985        255,380  

Bellway PLC

     7,387        356,042  

Berkeley Group Holdings PLC

     8,091        459,366  

BHP Billiton PLC

     70,074        1,443,217  

Big Yellow Group PLC

     21,918        257,803  

Bodycote PLC

     6,726        83,070  

Booker Group PLC

     68,210        211,301  

BP PLC

     1,186,290        8,388,047  

Brewin Dolphin Holdings PLC

     25,302        133,486  

British American Tobacco PLC

     56,451        3,831,949  

British Land Co. PLC (The)

     34,741        324,976  

Britvic PLC

     21,996        242,504  

BT Group PLC

     349,180        1,283,384  

Capita PLC

     43,725        237,128  

Carnival PLC

     5,395        357,022  

Centrica PLC

     365,722        679,265  

Close Brothers Group PLC

     4,384        85,873  

CNH Industrial N.V.

     35,760        479,647  

Compass Group PLC

     41,060        888,702  

Cranswick PLC

     5,059        228,370  

Croda International PLC

     3,633        217,419  

Debenhams PLC

     224,281        105,430  

Dechra Pharmaceuticals PLC

     12,407        351,784  

Derwent London PLC

     4,049        170,782  

Diageo PLC

     71,690        2,642,668  

Direct Line Insurance Group PLC

     44,863        231,648  

Dixons Carphone PLC

     59,463        160,073  

Domino’s Pizza Group PLC

     33,396        156,175  

Drax Group PLC

     6,070        22,219  

DS Smith PLC

     37,446        262,140  

Dunelm Group PLC

     12,772        119,645  

easyJet PLC

     13,717        271,655  

Electrocomponents PLC

     23,090        195,687  

EMIS Group PLC

     17,007        232,593  

esure Group PLC

     7,198        24,197  

Foxtons Group PLC

     31,034        34,425  

Fresnillo PLC

     11,273        217,916  

G4S PLC

     61,734        222,973  

Galliford Try PLC

     12,180        211,888  

GlaxoSmithKline PLC

     221,795        3,967,938  

Greggs PLC

     7,080        133,989  

Halfords Group PLC

     8,515        40,292  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      39  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Halma PLC

     8,786      $ 149,754  

Hammerson PLC

     32,720        242,113  

Hargreaves Lansdown PLC

     3,718        90,632  

Hays PLC

     84,455        208,957  

Hikma Pharmaceuticals PLC

     944        14,481  

HomeServe PLC

     30,495        333,936  

Howden Joinery Group PLC

     23,612        149,101  

HSBC Holdings PLC

     809,004        8,392,800  

IMI PLC

     4,949        89,241  

Imperial Brands PLC

     40,300        1,725,971  

Inchcape PLC

     16,523        174,900  

Informa PLC

     40,082        391,475  

Inmarsat PLC

     25,776        171,134  

Intertek Group PLC

     5,058        355,111  

Intu Properties PLC(a)

     70,572        241,530  

ITV PLC

     205,705        460,533  

J Sainsbury PLC

     71,614        233,858  

Jardine Lloyd Thompson Group PLC

     12,358        232,537  

John Wood Group PLC

     4,659        40,966  

Johnson Matthey PLC

     4,386        182,445  

Kcom Group PLC

     215,955        265,111  

Ladbrokes Coral Group PLC

     96,263        236,870  

Land Securities Group PLC

     21,184        288,859  

Legal & General Group PLC

     111,456        412,060  

Lloyds Banking Group PLC

     1,419,104        1,306,543  

London Stock Exchange Group PLC

     2,023        103,800  

Low & Bonar PLC

     52,850        39,142  

LSL Property Services PLC

     19,621        74,252  

Marks & Spencer Group PLC

     93,969        400,163  

Mediclinic International PLC(a)

     5,060        44,458  

Meggitt PLC

     29,684        193,628  

Melrose Industries PLC

     6,743        19,356  

Micro Focus International PLC

     5,001        170,684  

Mondi PLC

     11,129        290,707  

Moneysupermarket.com Group PLC

     38,457        185,305  

Morgan Advanced Materials PLC

     58,252        265,794  

N Brown Group PLC

     33,641        123,190  

National Grid PLC

     139,686        1,653,591  

NEX Group PLC

     23,873        195,864  

Old Mutual PLC

     57,074        178,888  

Pagegroup PLC

     32,383        204,793  

Pearson PLC

     48,741        485,277  

Pennon Group PLC

     16,523        175,012  

Persimmon PLC

     13,487        499,535  

Pets at Home Group PLC

     87,232        208,157  

Prudential PLC

     37,096        956,210  

PZ Cussons PLC

     23,604        103,295  

QinetiQ Group PLC

     20,435        63,884  

Reckitt Benckiser Group PLC

     16,589        1,552,677  

Redde PLC

     44,864        106,359  

RELX N.V.

     27,998        644,327  

RELX PLC

     36,437        857,156  

Renishaw PLC

     1,390        98,247  

Restaurant Group PLC (The)

     18,884        76,891  

Rightmove PLC

     3,037        184,874  

Rio Tinto PLC

     49,884      2,660,084  

Rolls-Royce Holdings PLC*

     30,886        353,885  

Rotork PLC

     42,840        154,673  

Royal Dutch Shell PLC Class A

     236,019        7,918,011  

Royal Dutch Shell PLC Class B

     272,237        9,238,017  

Royal Mail PLC

     69,989        428,416  

Saga PLC

     10,824        18,449  

Sage Group PLC (The)

     32,382        349,562  

Savills PLC

     14,502        194,803  

Segro PLC

     55,333        439,379  

Severn Trent PLC

     11,802        345,167  

Smith & Nephew PLC

     19,561        340,819  

Smiths Group PLC

     16,186        326,245  

Soco International PLC

     35,146        53,011  

Spirax-Sarco Engineering PLC

     3,344        254,226  

SSE PLC

     64,598        1,153,481  

St. James’s Place PLC

     7,426        123,158  

Standard Life Aberdeen PLC

     83,149        491,087  

TalkTalk Telecom Group PLC(a)

     125,675        258,240  

Tate & Lyle PLC

     25,977        247,037  

Taylor Wimpey PLC

     82,240        229,620  

Ted Baker PLC

     3,037        111,376  

Telecom Plus PLC

     7,755        125,992  

TP ICAP PLC

     21,486        154,627  

Travis Perkins PLC

     11,642        246,782  

Trinity Mirror PLC

     66,021        71,001  

U & I Group PLC

     33,646        87,957  

Unilever N.V. CVA

     45,186        2,547,748  

Unilever PLC

     28,727        1,603,188  

United Utilities Group PLC

     27,998        314,167  

Vedanta Resources PLC

     20,257        220,454  

Victrex PLC

     3,416        121,902  

Vodafone Group PLC

     1,061,475        3,374,389  

Weir Group PLC (The)

     6,375        183,083  

WH Smith PLC

     7,754        246,182  

Whitbread PLC

     3,375        182,621  

Xaar PLC

     24,200        121,043  
     

 

 

 
Total United Kingdom        98,933,126  

TOTAL COMMON STOCKS

(Cost: $437,051,995)

 

 

     513,945,724  
RIGHTS – 0.0%  
Australia – 0.0%  

Cleanaway Waste Management Ltd., expiring 1/19/18*

     
(Cost $0)      55,318        6,490  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%  
United States – 0.6%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c)

     
(Cost: $3,121,384)(d)      3,121,384        3,121,384  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $440,173,379)

 

 

     517,073,598  

Other Assets less Liabilities – (0.6)%

 

     (2,981,260
     

 

 

 
NET ASSETS – 100.0%      $ 514,092,338  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(d) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $5,834,535 and the total market value of the collateral held by the Fund was $6,222,069. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,100,685.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

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

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    1/3/2018       4,848,915       AUD       3,792,467       USD     $ 112     $  

Bank of America N.A.

    1/3/2018       2,895,856       DKK       467,020       USD       23        

Bank of America N.A.

    1/3/2018       10,302,829       EUR       12,371,266       USD       373        

Bank of America N.A.

    1/3/2018       7,118,286       GBP       9,628,913       USD       347        

Bank of America N.A.

    1/3/2018       936,008       ILS       269,596       USD       19        

Bank of America N.A.

    1/3/2018       10,493,198       NOK       1,282,825       USD       64        

Bank of America N.A.

    1/3/2018       12,886,923       SEK       1,574,054       USD             (79

Bank of America N.A.

    1/3/2018       3,808,609       USD       5,017,963       AUD             (116,191

Bank of America N.A.

    1/3/2018       469,008       USD       2,920,642       DKK             (2,033

Bank of America N.A.

    1/3/2018       12,423,923       USD       10,396,936       EUR             (60,720

Bank of America N.A.

    1/3/2018       9,669,898       USD       7,134,508       GBP       18,694        

Bank of America N.A.

    1/3/2018       270,743       USD       945,013       ILS             (1,466

Bank of America N.A.

    1/3/2018       1,288,286       USD       10,667,702       NOK             (15,938

Bank of America N.A.

    1/3/2018       1,580,754       USD       13,138,492       SEK             (23,947

Bank of America N.A.

    1/4/2018       7,794,032       CHF       7,998,219       USD             (238

Bank of America N.A.

    1/4/2018       394,984       NZD       280,904       USD       8        

Bank of America N.A.

    1/4/2018       1,266,756       SGD       947,861       USD       44        

Bank of America N.A.

    1/4/2018       8,032,263       USD       7,864,734       CHF             (38,270

Bank of America N.A.

    1/4/2018       282,099       USD       411,269       NZD             (10,395

Bank of America N.A.

    1/4/2018       951,895       USD       1,281,989       SGD             (7,409

Bank of America N.A.

    1/9/2018       1,095,167,930       JPY       9,723,564       USD       327        

Bank of America N.A.

    1/9/2018       9,764,951       USD       1,090,396,417       JPY       83,426        

Bank of America N.A.

    2/2/2018       6,604,139       USD       8,443,808       AUD             (365

Bank of America N.A.

    2/2/2018       8,116,754       USD       7,893,957       CHF             (372

Bank of America N.A.

    2/2/2018       483,074       USD       2,990,185       DKK             (64

Bank of America N.A.

    2/2/2018       12,321,736       USD       10,244,432       EUR             (1,121

Bank of America N.A.

    2/2/2018       9,943,090       USD       7,343,624       GBP             (603

Bank of America N.A.

    2/2/2018       292,074       USD       1,012,765       ILS       26        

Bank of America N.A.

    2/2/2018       1,965,875       USD       16,067,014       NOK             (149

Bank of America N.A.

    2/2/2018       300,415       USD       422,591       NZD             (21

Bank of America N.A.

    2/2/2018       1,577,001       USD       12,888,815       SEK             (2

Bank of America N.A.

    2/5/2018       16,411,546       USD       1,846,188,967       JPY             (1,940

Bank of America N.A.

    2/5/2018       947,367       USD       1,265,532       SGD             (57

Bank of Montreal

    1/3/2018       3,694,401       AUD       2,889,502       USD       74        

Bank of Montreal

    1/3/2018       2,206,319       DKK       355,826       USD       9        

Bank of Montreal

    1/3/2018       7,849,738       EUR       9,425,730       USD       237        

Bank of Montreal

    1/3/2018       5,423,399       GBP       7,336,319       USD       183        

Bank of Montreal

    1/3/2018       713,112       ILS       205,408       USD       2        

Bank of Montreal

    1/3/2018       7,994,655       NOK       977,395       USD       24        

Bank of Montreal

    1/3/2018       9,818,884       SEK       1,199,283       USD             (30

Bank of Montreal

    1/4/2018       5,938,344       CHF       6,093,884       USD             (150

Bank of Montreal

    1/4/2018       300,940       NZD       214,023       USD       6        

Bank of Montreal

    1/4/2018       965,078       SGD       722,180       USD             (18

Bank of Montreal

    1/9/2018       834,406,510       JPY       7,408,432       USD       183        

Bank of Montreal

    2/2/2018       5,031,726       USD       6,433,198       AUD             (137

Bank of Montreal

    2/2/2018       6,184,194       USD       6,014,413       CHF             (252

Bank of Montreal

    2/2/2018       368,060       USD       2,278,061       DKK             (17

Bank of Montreal

    2/2/2018       9,387,993       USD       7,804,986       EUR             (495

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      41  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

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

    2/2/2018       7,575,691       USD       5,595,082       GBP     $     $ (376

Bank of Montreal

    2/2/2018       222,534       USD       771,678       ILS       8        

Bank of Montreal

    2/2/2018       1,497,812       USD       12,241,174       NOK             (67

Bank of Montreal

    2/2/2018       228,890       USD       321,975       NZD             (14

Bank of Montreal

    2/2/2018       1,201,527       USD       9,820,014       SEK       5        

Bank of Montreal

    2/5/2018       12,504,038       USD       1,406,539,221       JPY             (756

Bank of Montreal

    2/5/2018       721,807       USD       964,272       SGD             (83

Barclays Bank PLC

    1/3/2018       4,848,896       AUD       3,792,467       USD       97        

Barclays Bank PLC

    1/3/2018       2,895,786       DKK       467,020       USD       12        

Barclays Bank PLC

    1/3/2018       10,302,777       EUR       12,371,266       USD       311        

Barclays Bank PLC

    1/3/2018       7,118,186       GBP       9,628,913       USD       212        

Barclays Bank PLC

    1/3/2018       935,921       ILS       269,596       USD             (6

Barclays Bank PLC

    1/3/2018       10,492,931       NOK       1,282,825       USD       31        

Barclays Bank PLC

    1/3/2018       12,887,252       SEK       1,574,054       USD             (38

Barclays Bank PLC

    1/3/2018       3,808,609       USD       5,017,937       AUD             (116,171

Barclays Bank PLC

    1/3/2018       469,008       USD       2,920,691       DKK             (2,041

Barclays Bank PLC

    1/3/2018       12,423,923       USD       10,396,893       EUR             (60,668

Barclays Bank PLC

    1/3/2018       9,669,898       USD       7,134,192       GBP       19,121        

Barclays Bank PLC

    1/3/2018       270,743       USD       944,972       ILS             (1,454

Barclays Bank PLC

    1/3/2018       1,288,286       USD       10,667,241       NOK             (15,881

Barclays Bank PLC

    1/3/2018       1,580,754       USD       13,137,681       SEK             (23,848

Barclays Bank PLC

    1/4/2018       7,794,104       CHF       7,998,219       USD             (164

Barclays Bank PLC

    1/4/2018       394,983       NZD       280,904       USD       8        

Barclays Bank PLC

    1/4/2018       1,266,437       SGD       947,861       USD             (194

Barclays Bank PLC

    1/4/2018       8,032,263       USD       7,864,638       CHF             (38,171

Barclays Bank PLC

    1/4/2018       282,099       USD       411,274       NZD             (10,399

Barclays Bank PLC

    1/4/2018       951,895       USD       1,282,041       SGD             (7,448

Barclays Bank PLC

    1/9/2018       1,095,145,566       JPY       9,723,564       USD       128        

Barclays Bank PLC

    1/9/2018       9,764,951       USD       1,090,356,381       JPY       83,782        

Barclays Bank PLC

    2/2/2018       6,604,139       USD       8,443,873       AUD             (416

Barclays Bank PLC

    2/2/2018       8,116,754       USD       7,894,063       CHF             (481

Barclays Bank PLC

    2/2/2018       483,074       USD       2,990,045       DKK             (41

Barclays Bank PLC

    2/2/2018       12,321,736       USD       10,244,091       EUR             (711

Barclays Bank PLC

    2/2/2018       9,943,090       USD       7,343,721       GBP             (736

Barclays Bank PLC

    2/2/2018       292,074       USD       1,012,883       ILS             (8

Barclays Bank PLC

    2/2/2018       1,965,875       USD       16,078,312       NOK             (1,531

Barclays Bank PLC

    2/2/2018       300,415       USD       422,591       NZD             (21

Barclays Bank PLC

    2/2/2018       1,577,001       USD       12,890,365       SEK             (192

Barclays Bank PLC

    2/5/2018       16,411,546       USD       1,846,133,168       JPY             (1,444

Barclays Bank PLC

    2/5/2018       947,367       USD       1,265,730       SGD             (206

Citibank N.A.

    1/3/2018       99,625       AUD       76,868       USD       1,053        

Citibank N.A.

    1/3/2018       4,848,915       AUD       3,792,467       USD       112        

Citibank N.A.

    1/3/2018       59,286       DKK       9,466       USD       96        

Citibank N.A.

    1/3/2018       2,895,856       DKK       467,020       USD       23        

Citibank N.A.

    1/3/2018       210,931       EUR       250,747       USD       2,539        

Citibank N.A.

    1/3/2018       10,302,829       EUR       12,371,266       USD       373        

Citibank N.A.

    1/3/2018       145,832       GBP       195,164       USD       2,110        

Citibank N.A.

    1/3/2018       7,118,244       GBP       9,628,913       USD       290        

Citibank N.A.

    1/3/2018       19,074       ILS       5,464       USD       30        

Citibank N.A.

    1/3/2018       935,955       ILS       269,596       USD       3        

Citibank N.A.

    1/3/2018       216,191       NOK       26,001       USD       430        

Citibank N.A.

    1/3/2018       10,492,989       NOK       1,282,825       USD       38        

Citibank N.A.

    1/3/2018       265,917       SEK       31,904       USD       574        

Citibank N.A.

    1/3/2018       12,887,954       SEK       1,574,054       USD       47        

Citibank N.A.

    1/3/2018       3,808,609       USD       5,017,983       AUD             (116,207

Citibank N.A.

    1/3/2018       469,008       USD       2,920,987       DKK             (2,089

Citibank N.A.

    1/3/2018       12,423,923       USD       10,396,971       EUR             (60,762

Citibank N.A.

    1/3/2018       9,669,898       USD       7,134,540       GBP       18,651        

 

See Notes to Financial Statements.

 

42   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
   

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Citibank N.A.

    1/3/2018       270,743       USD       944,936       ILS     $     $ (1,443

Citibank N.A.

    1/3/2018       1,288,286       USD       10,667,120       NOK             (15,867

Citibank N.A.

    1/3/2018       1,580,754       USD       13,137,963       SEK             (23,883

Citibank N.A.

    1/4/2018       160,052       CHF       162,112       USD       2,129        

Citibank N.A.

    1/4/2018       7,794,496       CHF       7,998,219       USD       238        

Citibank N.A.

    1/4/2018       8,109       NZD       5,694       USD       73        

Citibank N.A.

    1/4/2018       394,984       NZD       280,904       USD       8        

Citibank N.A.

    1/4/2018       25,808       SGD       19,212       USD       100        

Citibank N.A.

    1/4/2018       1,266,754       SGD       947,861       USD       42        

Citibank N.A.

    1/4/2018       8,032,263       USD       7,864,766       CHF             (38,303

Citibank N.A.

    1/4/2018       282,099       USD       411,245       NZD             (10,378

Citibank N.A.

    1/4/2018       951,895       USD       1,281,891       SGD             (7,336

Citibank N.A.

    1/9/2018       1,095,100,837       JPY       9,723,564       USD             (269

Citibank N.A.

    1/9/2018       9,764,951       USD       1,090,406,182       JPY       83,339        

Citibank N.A.

    2/2/2018       6,604,139       USD       8,443,657       AUD             (247

Citibank N.A.

    2/2/2018       8,116,754       USD       7,894,590       CHF             (1,023

Citibank N.A.

    2/2/2018       483,074       USD       2,990,136       DKK             (56

Citibank N.A.

    2/2/2018       12,321,736       USD       10,244,091       EUR             (711

Citibank N.A.

    2/2/2018       9,943,090       USD       7,343,564       GBP             (523

Citibank N.A.

    2/2/2018       292,074       USD       1,012,832       ILS       7        

Citibank N.A.

    2/2/2018       1,965,875       USD       16,066,300       NOK             (61

Citibank N.A.

    2/2/2018       300,415       USD       422,585       NZD             (16

Citibank N.A.

    2/2/2018       1,577,001       USD       12,889,690       SEK             (109

Citibank N.A.

    2/5/2018       16,411,546       USD       1,846,141,374       JPY             (1,517

Citibank N.A.

    2/5/2018       947,367       USD       1,265,509       SGD             (40

Credit Suisse International

    1/3/2018       4,848,896       AUD       3,792,467       USD       97        

Credit Suisse International

    1/3/2018       2,895,783       DKK       467,020       USD       12        

Credit Suisse International

    1/3/2018       10,302,777       EUR       12,371,266       USD       311        

Credit Suisse International

    1/3/2018       7,118,207       GBP       9,628,913       USD       241        

Credit Suisse International

    1/3/2018       935,990       ILS       269,596       USD       14        

Credit Suisse International

    1/3/2018       10,492,936       NOK       1,282,825       USD       32        

Credit Suisse International

    1/3/2018       12,887,244       SEK       1,574,054       USD             (39

Credit Suisse International

    1/4/2018       7,794,072       CHF       7,998,219       USD             (197

Credit Suisse International

    1/4/2018       394,982       NZD       280,904       USD       7        

Credit Suisse International

    1/4/2018       1,266,605       SGD       947,861       USD             (69

Credit Suisse International

    1/9/2018       1,095,133,897       JPY       9,723,564       USD       25        

Credit Suisse International

    2/2/2018       6,604,139       USD       8,443,733       AUD             (306

Credit Suisse International

    2/2/2018       8,116,754       USD       7,893,917       CHF             (330

Credit Suisse International

    2/2/2018       483,074       USD       2,990,013       DKK             (36

Credit Suisse International

    2/2/2018       12,321,736       USD       10,244,466       EUR             (1,162

Credit Suisse International

    2/2/2018       9,943,090       USD       7,343,786       GBP             (824

Credit Suisse International

    2/2/2018       292,074       USD       1,012,978       ILS             (35

Credit Suisse International

    2/2/2018       1,965,875       USD       16,066,809       NOK             (124

Credit Suisse International

    2/2/2018       300,415       USD       422,601       NZD             (28

Credit Suisse International

    2/2/2018       1,577,001       USD       12,889,216       SEK             (51

Credit Suisse International

    2/5/2018       16,411,546       USD       1,846,156,144       JPY             (1,649

Credit Suisse International

    2/5/2018       947,367       USD       1,265,907       SGD             (338

Goldman Sachs

    1/3/2018       3,808,609       USD       5,017,884       AUD             (116,129

Goldman Sachs

    1/3/2018       469,008       USD       2,920,948       DKK             (2,082

Goldman Sachs

    1/3/2018       12,423,923       USD       10,396,719       EUR             (60,459

Goldman Sachs

    1/3/2018       9,669,898       USD       7,134,024       GBP       19,349        

Goldman Sachs

    1/3/2018       270,743       USD       944,987       ILS             (1,458

Goldman Sachs

    1/3/2018       1,288,286       USD       10,667,744       NOK             (15,943

Goldman Sachs

    1/3/2018       1,580,754       USD       13,138,529       SEK             (23,952

Goldman Sachs

    1/4/2018       8,032,263       USD       7,864,525       CHF             (38,055

Goldman Sachs

    1/4/2018       282,099       USD       411,269       NZD             (10,395

Goldman Sachs

    1/4/2018       951,895       USD       1,282,004       SGD             (7,420

Goldman Sachs

    1/9/2018       9,764,951       USD       1,090,326,110       JPY       84,050        

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      43  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
   

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

HSBC Holdings PLC

    1/9/2018       22,259,820       JPY       197,082       USD     $ 561     $  

Morgan Stanley & Co. International

    1/3/2018       2,901,802       USD       3,823,141       AUD             (88,468

Morgan Stanley & Co. International

    1/3/2018       357,340       USD       2,225,262       DKK             (1,550

Morgan Stanley & Co. International

    1/3/2018       9,465,849       USD       7,921,431       EUR             (46,207

Morgan Stanley & Co. International

    1/3/2018       7,367,543       USD       5,435,472       GBP       14,710        

Morgan Stanley & Co. International

    1/3/2018       206,284       USD       719,973       ILS             (1,102

Morgan Stanley & Co. International

    1/3/2018       981,552       USD       8,127,337       NOK             (12,089

Morgan Stanley & Co. International

    1/3/2018       1,204,387       USD       10,009,698       SEK             (18,171

Morgan Stanley & Co. International

    1/4/2018       6,119,820       USD       5,992,118       CHF             (29,095

Morgan Stanley & Co. International

    1/4/2018       214,937       USD       313,357       NZD             (7,922

Morgan Stanley & Co. International

    1/4/2018       725,256       USD       976,728       SGD             (5,623

Morgan Stanley & Co. International

    1/9/2018       7,439,966       USD       830,725,771       JPY       64,032        

Royal Bank of Canada

    1/3/2018       460,306       AUD       266,059       GBP       117        

Royal Bank of Canada

    1/3/2018       531,807       SEK       54,038       EUR       65        
                                            $ 503,824     $ (1,338,193

 

CURRENCY LEGEND     

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

44   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2017

 

  

 

 

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

WisdomTree International Quality Dividend Growth Fund(a)

     
(Cost: $3,172,277)      122,033      $ 3,745,193  

Other Assets less Liabilities – (0.0)%

        (12
     

 

 

 
NET ASSETS – 100.0%             $ 3,745,181  
(a) 

Affiliated company (See Note 3).

 

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

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    1/3/2018       23,882       AUD       18,679       USD     $ 1     $  

Bank of America N.A.

    1/3/2018       113,547       DKK       18,312       USD       1        

Bank of America N.A.

    1/3/2018       61,570       EUR       73,931       USD       2        

Bank of America N.A.

    1/3/2018       53,260       GBP       72,045       USD       3        

Bank of America N.A.

    1/3/2018       9,176       ILS       2,643       USD              

Bank of America N.A.

    1/3/2018       55,810       NOK       6,823       USD              

Bank of America N.A.

    1/3/2018       243,288       SEK       29,716       USD             (1

Bank of America N.A.

    1/3/2018       18,804       USD       24,775       AUD             (574

Bank of America N.A.

    1/3/2018       18,434       USD       114,794       DKK             (80

Bank of America N.A.

    1/3/2018       74,424       USD       62,282       EUR             (364

Bank of America N.A.

    1/3/2018       72,526       USD       53,510       GBP       140        

Bank of America N.A.

    1/3/2018       2,660       USD       9,285       ILS             (14

Bank of America N.A.

    1/3/2018       6,869       USD       56,879       NOK             (85

Bank of America N.A.

    1/3/2018       29,915       USD       248,640       SEK             (453

Bank of America N.A.

    1/4/2018       96,701       CHF       99,234       USD             (3

Bank of America N.A.

    1/4/2018       2,278       NZD       1,620       USD              

Bank of America N.A.

    1/4/2018       910       SGD       681       USD              

Bank of America N.A.

    1/4/2018       99,897       USD       97,813       CHF             (476

Bank of America N.A.

    1/4/2018       1,631       USD       2,378       NZD             (60

Bank of America N.A.

    1/4/2018       685       USD       923       SGD             (5

Bank of America N.A.

    1/9/2018       6,709,499       JPY       59,571       USD       2        

Bank of America N.A.

    1/9/2018       59,969       USD       6,696,396       JPY       512        

Bank of America N.A.

    2/2/2018       32,125       USD       41,074       AUD             (2

Bank of America N.A.

    2/2/2018       99,944       USD       97,201       CHF             (5

Bank of America N.A.

    2/2/2018       19,067       USD       118,023       DKK             (3

Bank of America N.A.

    2/2/2018       73,633       USD       61,219       EUR             (6

Bank of America N.A.

    2/2/2018       74,182       USD       54,788       GBP             (4

Bank of America N.A.

    2/2/2018       2,765       USD       9,588       ILS              

Bank of America N.A.

    2/2/2018       10,667       USD       87,181       NOK             (1

Bank of America N.A.

    2/2/2018       1,758       USD       2,473       NZD              

Bank of America N.A.

    2/2/2018       28,963       USD       236,714       SEK              

Bank of America N.A.

    2/5/2018       99,205       USD       11,159,897       JPY             (12

Bank of America N.A.

    2/5/2018       678       USD       906       SGD              

Bank of Montreal

    1/3/2018       18,200       AUD       14,235       USD              

Bank of Montreal

    1/3/2018       86,516       DKK       13,953       USD              

Bank of Montreal

    1/3/2018       46,912       EUR       56,330       USD       1        

Bank of Montreal

    1/3/2018       40,581       GBP       54,895       USD       1        

Bank of Montreal

    1/3/2018       6,995       ILS       2,015       USD              

Bank of Montreal

    1/3/2018       42,542       NOK       5,201       USD              

Bank of Montreal

    1/3/2018       185,401       SEK       22,645       USD             (1

Bank of Montreal

    1/4/2018       73,681       CHF       75,611       USD             (2

Bank of Montreal

    1/4/2018       1,739       NZD       1,237       USD              

Bank of Montreal

    1/4/2018       694       SGD       519       USD              

Bank of Montreal

    1/9/2018       5,112,243       JPY       45,390       USD       1        

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      45  


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2017

 

  

 

 

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

    2/2/2018       24,477       USD       31,295       AUD     $     $ (1

Bank of Montreal

    2/2/2018       76,149       USD       74,058       CHF             (3

Bank of Montreal

    2/2/2018       14,529       USD       89,925       DKK             (1

Bank of Montreal

    2/2/2018       56,102       USD       46,642       EUR             (3

Bank of Montreal

    2/2/2018       56,524       USD       41,746       GBP             (3

Bank of Montreal

    2/2/2018       2,108       USD       7,310       ILS              

Bank of Montreal

    2/2/2018       8,131       USD       66,452       NOK              

Bank of Montreal

    2/2/2018       1,344       USD       1,891       NZD              

Bank of Montreal

    2/2/2018       22,071       USD       180,385       SEK              

Bank of Montreal

    2/5/2018       75,588       USD       8,502,652       JPY             (5

Bank of Montreal

    2/5/2018       521       USD       696       SGD              

Barclays Bank PLC

    1/3/2018       23,882       AUD       18,679       USD              

Barclays Bank PLC

    1/3/2018       113,545       DKK       18,312       USD              

Barclays Bank PLC

    1/3/2018       61,570       EUR       73,931       USD       2        

Barclays Bank PLC

    1/3/2018       53,259       GBP       72,045       USD       2        

Barclays Bank PLC

    1/3/2018       9,175       ILS       2,643       USD              

Barclays Bank PLC

    1/3/2018       55,809       NOK       6,823       USD              

Barclays Bank PLC

    1/3/2018       243,294       SEK       29,716       USD             (1

Barclays Bank PLC

    1/3/2018       18,804       USD       24,775       AUD             (574

Barclays Bank PLC

    1/3/2018       18,434       USD       114,796       DKK             (80

Barclays Bank PLC

    1/3/2018       74,424       USD       62,281       EUR             (363

Barclays Bank PLC

    1/3/2018       72,526       USD       53,508       GBP       147        

Barclays Bank PLC

    1/3/2018       2,660       USD       9,284       ILS             (14

Barclays Bank PLC

    1/3/2018       6,869       USD       56,877       NOK             (89

Barclays Bank PLC

    1/3/2018       29,915       USD       248,624       SEK             (451

Barclays Bank PLC

    1/4/2018       96,702       CHF       99,234       USD             (2

Barclays Bank PLC

    1/4/2018       2,278       NZD       1,620       USD              

Barclays Bank PLC

    1/4/2018       910       SGD       681       USD              

Barclays Bank PLC

    1/4/2018       99,897       USD       97,812       CHF             (475

Barclays Bank PLC

    1/4/2018       1,631       USD       2,378       NZD             (60

Barclays Bank PLC

    1/4/2018       685       USD       923       SGD             (5

Barclays Bank PLC

    1/9/2018       6,709,362       JPY       59,571       USD       1        

Barclays Bank PLC

    1/9/2018       59,969       USD       6,696,150       JPY       515        

Barclays Bank PLC

    2/2/2018       32,125       USD       41,074       AUD             (2

Barclays Bank PLC

    2/2/2018       99,944       USD       97,202       CHF             (6

Barclays Bank PLC

    2/2/2018       19,067       USD       118,018       DKK             (2

Barclays Bank PLC

    2/2/2018       73,633       USD       61,217       EUR             (4

Barclays Bank PLC

    2/2/2018       74,182       USD       54,789       GBP             (5

Barclays Bank PLC

    2/2/2018       2,765       USD       9,589       ILS              

Barclays Bank PLC

    2/2/2018       10,667       USD       87,242       NOK             (8

Barclays Bank PLC

    2/2/2018       1,758       USD       2,473       NZD              

Barclays Bank PLC

    2/2/2018       28,963       USD       236,743       SEK             (4

Barclays Bank PLC

    2/5/2018       99,205       USD       11,159,560       JPY             (9

Barclays Bank PLC

    2/5/2018       678       USD       906       SGD              

Citibank N.A.

    1/3/2018       780       AUD       594       USD       16        

Citibank N.A.

    1/3/2018       23,882       AUD       18,679       USD       1        

Citibank N.A.

    1/3/2018       3,652       DKK       582       USD       7        

Citibank N.A.

    1/3/2018       113,547       DKK       18,312       USD       1        

Citibank N.A.

    1/3/2018       1,982       EUR       2,350       USD       30        

Citibank N.A.

    1/3/2018       61,570       EUR       73,931       USD       2        

Citibank N.A.

    1/3/2018       1,699       GBP       2,290       USD       9        

Citibank N.A.

    1/3/2018       53,260       GBP       72,045       USD       2        

Citibank N.A.

    1/3/2018       293       ILS       84       USD       1        

Citibank N.A.

    1/3/2018       9,176       ILS       2,643       USD              

Citibank N.A.

    1/3/2018       1,799       NOK       217       USD       3        

Citibank N.A.

    1/3/2018       55,809       NOK       6,823       USD              

Citibank N.A.

    1/3/2018       7,964       SEK       945       USD       28        

Citibank N.A.

    1/3/2018       243,307       SEK       29,716       USD       1        

 

See Notes to Financial Statements.

 

46   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
    Amount and
Description of
Currency to
be Purchased
   

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Citibank N.A.

    1/3/2018       18,804       USD       24,775       AUD     $     $ (574

Citibank N.A.

    1/3/2018       18,434       USD       114,807       DKK             (82

Citibank N.A.

    1/3/2018       74,424       USD       62,282       EUR             (364

Citibank N.A.

    1/3/2018       72,526       USD       53,510       GBP       140        

Citibank N.A.

    1/3/2018       2,660       USD       9,284       ILS             (14

Citibank N.A.

    1/3/2018       6,869       USD       56,876       NOK             (85

Citibank N.A.

    1/3/2018       29,915       USD       248,630       SEK             (452

Citibank N.A.

    1/4/2018       3,106       CHF       3,155       USD       33        

Citibank N.A.

    1/4/2018       96,706       CHF       99,234       USD       3        

Citibank N.A.

    1/4/2018       76       NZD       52       USD       2        

Citibank N.A.

    1/4/2018       2,278       NZD       1,620       USD              

Citibank N.A.

    1/4/2018       30       SGD       22       USD              

Citibank N.A.

    1/4/2018       910       SGD       681       USD              

Citibank N.A.

    1/4/2018       99,897       USD       97,814       CHF             (476

Citibank N.A.

    1/4/2018       1,631       USD       2,378       NZD             (60

Citibank N.A.

    1/4/2018       685       USD       922       SGD             (5

Citibank N.A.

    1/9/2018       213,182       JPY       1,894       USD             (1

Citibank N.A.

    1/9/2018       6,709,088       JPY       59,571       USD             (2

Citibank N.A.

    1/9/2018       59,969       USD       6,696,456       JPY       512        

Citibank N.A.

    2/2/2018       32,125       USD       41,073       AUD             (1

Citibank N.A.

    2/2/2018       99,944       USD       97,208       CHF             (13

Citibank N.A.

    2/2/2018       19,067       USD       118,021       DKK             (2

Citibank N.A.

    2/2/2018       73,633       USD       61,217       EUR             (4

Citibank N.A.

    2/2/2018       74,182       USD       54,788       GBP             (4

Citibank N.A.

    2/2/2018       2,765       USD       9,588       ILS              

Citibank N.A.

    2/2/2018       10,667       USD       87,177       NOK              

Citibank N.A.

    2/2/2018       1,758       USD       2,473       NZD              

Citibank N.A.

    2/2/2018       28,963       USD       236,730       SEK             (2

Citibank N.A.

    2/5/2018       99,205       USD       11,159,610       JPY             (9

Citibank N.A.

    2/5/2018       678       USD       906       SGD              

Credit Suisse International

    1/3/2018       23,882       AUD       18,679       USD              

Credit Suisse International

    1/3/2018       113,545       DKK       18,312       USD              

Credit Suisse International

    1/3/2018       61,570       EUR       73,931       USD       2        

Credit Suisse International

    1/3/2018       53,260       GBP       72,045       USD       2        

Credit Suisse International

    1/3/2018       9,176       ILS       2,643       USD              

Credit Suisse International

    1/3/2018       55,809       NOK       6,823       USD              

Credit Suisse International

    1/3/2018       243,294       SEK       29,716       USD             (1

Credit Suisse International

    1/4/2018       96,701       CHF       99,234       USD             (2

Credit Suisse International

    1/4/2018       2,278       NZD       1,620       USD              

Credit Suisse International

    1/4/2018       910       SGD       681       USD              

Credit Suisse International

    1/9/2018       6,709,291       JPY       59,571       USD              

Credit Suisse International

    2/2/2018       32,125       USD       41,073       AUD             (1

Credit Suisse International

    2/2/2018       99,944       USD       97,200       CHF             (4

Credit Suisse International

    2/2/2018       19,067       USD       118,016       DKK             (1

Credit Suisse International

    2/2/2018       73,633       USD       61,220       EUR             (7

Credit Suisse International

    2/2/2018       74,182       USD       54,789       GBP             (6

Credit Suisse International

    2/2/2018       2,765       USD       9,590       ILS              

Credit Suisse International

    2/2/2018       10,667       USD       87,180       NOK             (1

Credit Suisse International

    2/2/2018       1,758       USD       2,473       NZD              

Credit Suisse International

    2/2/2018       28,963       USD       236,722       SEK             (1

Credit Suisse International

    2/5/2018       99,205       USD       11,159,699       JPY             (10

Credit Suisse International

    2/5/2018       678       USD       906       SGD              

Goldman Sachs

    1/3/2018       18,804       USD       24,774       AUD             (573

Goldman Sachs

    1/3/2018       18,434       USD       114,806       DKK             (82

Goldman Sachs

    1/3/2018       74,424       USD       62,280       EUR             (362

Goldman Sachs

    1/3/2018       72,526       USD       53,506       GBP       145        

Goldman Sachs

    1/3/2018       2,660       USD       9,284       ILS             (14

Goldman Sachs

    1/3/2018       6,869       USD       56,879       NOK             (85

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      47  


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2017

 

  

 

 

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

    1/3/2018       29,915       USD       248,640       SEK     $     $ (453

Goldman Sachs

    1/4/2018       99,897       USD       97,811       CHF             (473

Goldman Sachs

    1/4/2018       1,631       USD       2,378       NZD             (60

Goldman Sachs

    1/4/2018       685       USD       923       SGD             (5

Goldman Sachs

    1/9/2018       59,969       USD       6,695,964       JPY       516        

Morgan Stanley & Co. International

    1/3/2018       14,329       USD       18,879       AUD             (437

Morgan Stanley & Co. International

    1/3/2018       14,047       USD       87,475       DKK             (61

Morgan Stanley & Co. International

    1/3/2018       56,708       USD       47,456       EUR             (277

Morgan Stanley & Co. International

    1/3/2018       55,261       USD       40,769       GBP       110        

Morgan Stanley & Co. International

    1/3/2018       2,031       USD       7,089       ILS             (11

Morgan Stanley & Co. International

    1/3/2018       5,234       USD       43,338       NOK             (64

Morgan Stanley & Co. International

    1/3/2018       22,794       USD       189,442       SEK             (344

Morgan Stanley & Co. International

    1/4/2018       76,114       USD       74,526       CHF             (362

Morgan Stanley & Co. International

    1/4/2018       1,245       USD       1,815       NZD             (46

Morgan Stanley & Co. International

    1/4/2018       525       USD       707       SGD             (4

Morgan Stanley & Co. International

    1/9/2018       45,692       USD       5,101,840       JPY       393        
                                            $ 3,290     $ (10,218

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

48   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.2%      
Australia – 13.0%      

Accent Group Ltd.(a)

     18,874      $ 12,105  

Adelaide Brighton Ltd.

     6,240        31,822  

Ainsworth Game Technology Ltd.*(a)

     5,471        9,243  

ALS Ltd.

     4,442        24,285  

Altium Ltd.

     1,523        15,819  

AMA Group Ltd.

     5,227        4,252  

Amaysim Australia Ltd.(a)

     314        489  

Ansell Ltd.

     692        13,152  

AP Eagers Ltd.

     1,947        12,137  

APN Outdoor Group Ltd.

     1,873        7,222  

ARB Corp., Ltd.

     538        7,882  

Asaleo Care Ltd.

     8,892        10,432  

AUB Group Ltd.

     895        9,240  

Austal Ltd.

     2,374        3,379  

Australian Pharmaceutical Industries Ltd.

     5,685        7,492  

Automotive Holdings Group Ltd.(a)

     4,483        12,763  

Baby Bunting Group Ltd.(a)

     4,505        5,673  

Bapcor Ltd.

     2,203        9,735  

Beach Energy Ltd.

     19,100        18,599  

Blackmores Ltd.(a)

     161        21,303  

Breville Group Ltd.

     1,635        16,113  

Brickworks Ltd.

     405        4,710  

BT Investment Management Ltd.

     3,320        29,317  

carsales.com Ltd.

     2,879        32,629  

Cedar Woods Properties Ltd.

     797        3,803  

Cleanaway Waste Management Ltd.

     11,772        13,811  

Collins Foods Ltd.

     276        1,174  

Corporate Travel Management Ltd.

     245        3,997  

Costa Group Holdings Ltd.

     749        3,867  

CSG Ltd.*(a)

     11,870        4,224  

CSR Ltd.

     9,684        36,054  

Data#3 Ltd.

     3,362        4,773  

Dicker Data Ltd.

     3,407        7,968  

Dongfang Modern Agriculture Holding Group Ltd.

     8,286        5,185  

DuluxGroup Ltd.

     3,854        23,090  

Eclipx Group Ltd.

     1,252        3,956  

Elanor Investor Group

     2,576        4,352  

Estia Health Ltd.

     1,705        4,654  

Event Hospitality and Entertainment Ltd.

     608        6,311  

Fairfax Media Ltd.

     22,964        14,010  

Flight Centre Travel Group Ltd.(a)

     1,063        36,782  

G8 Education Ltd.

     7,762        20,581  

Genworth Mortgage Insurance Australia Ltd.

     12,219        28,671  

GrainCorp Ltd. Class A

     833        5,336  

Greencross Ltd.(a)

     1,565        7,699  

GUD Holdings Ltd.

     1,014        9,668  

GWA Group Ltd.

     4,222        9,411  

Hansen Technologies Ltd.

     1,369        4,230  

Healthscope Ltd.

     18,437        30,283  

HT&E Ltd.(a)

     3,040        4,470  

IDP Education Ltd.

     2,025        9,741  

IMF Bentham Ltd.

     2,731        6,344  

Independence Group NL

     1,602      5,964  

Invocare Ltd.

     986        12,416  

IOOF Holdings Ltd.

     5,833        48,908  

IPH Ltd.(a)

     2,429        10,449  

IRESS Ltd.

     2,131        19,301  

iSentia Group Ltd.(a)

     1,204        1,300  

IVE Group Ltd.

     4,092        6,945  

Japara Healthcare Ltd.(a)

     4,596        7,046  

JB Hi-Fi Ltd.(a)

     1,796        35,034  

Link Administration Holdings Ltd.

     2,310        15,249  

MACA Ltd.

     7,391        9,741  

Mantra Group Ltd.

     3,607        11,003  

McMillan Shakespeare Ltd.

     1,189        16,107  

Mineral Resources Ltd.

     2,215        36,624  

Monadelphous Group Ltd.

     2,551        34,658  

Myer Holdings Ltd.(a)

     20,762        10,718  

MYOB Group Ltd.

     6,506        18,421  

MyState Ltd.

     1,954        7,581  

Navigator Global Investments Ltd.

     2,075        5,388  

Navitas Ltd.

     4,835        20,610  

NIB Holdings Ltd.

     3,547        18,754  

Nick Scali Ltd.

     1,329        6,892  

Nine Entertainment Co. Holdings Ltd.

     14,609        17,540  

Northern Star Resources Ltd.

     3,512        16,756  

Nufarm Ltd.

     749        5,120  

oOh!media Ltd.

     1,936        6,814  

Orora Ltd.

     12,827        34,011  

OZ Minerals Ltd.

     3,316        23,757  

Pact Group Holdings Ltd.

     2,119        9,414  

Peet Ltd.

     4,413        4,867  

Perpetual Ltd.

     839        31,728  

Platinum Asset Management Ltd.(a)

     11,247        67,824  

Premier Investments Ltd.

     783        9,095  

Primary Health Care Ltd.

     3,848        10,895  

QMS Media Ltd.

     5,066        3,962  

Quintis Ltd.*(a)

     424        0  

Regis Resources Ltd.

     6,098        20,509  

Retail Food Group Ltd.(a)

     3,250        6,279  

Sandfire Resources NL

     1,257        6,794  

SeaLink Travel Group Ltd.

     1,301        4,172  

Seven Group Holdings Ltd.

     2,887        34,571  

Seven West Media Ltd.

     36,514        17,564  

SG Fleet Group Ltd.

     2,039        6,475  

Sigma Healthcare Ltd.

     20,824        16,125  

Silver Chef Ltd.(a)

     958        5,425  

Sims Metal Management Ltd.

     1,565        19,304  

Sirtex Medical Ltd.

     496        6,409  

SmartGroup Corp., Ltd.

     1,196        10,150  

Southern Cross Media Group Ltd.

     15,926        14,761  

Steadfast Group Ltd.

     4,833        10,660  

Super Retail Group Ltd.

     2,345        15,150  

Tassal Group Ltd.

     1,546        4,547  

Technology One Ltd.

     1,495        5,800  

Villa World Ltd.

     4,511        10,091  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      49  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Village Roadshow Ltd.*

     2,593      $ 7,889  

Virtus Health Ltd.

     769        3,164  

Vita Group Ltd.(a)

     6,701        7,495  

Viva Energy REIT

     4,281        7,567  

Vocus Group Ltd.

     7,125        16,886  

Webjet Ltd.

     1,313        10,711  

WPP AUNZ Ltd.

     12,310        8,858  
     

 

 

 
Total Australia        1,512,486  
Austria – 0.8%  

AT&S Austria Technologie & Systemtechnik AG

     650        18,373  

DO & Co. AG(a)

     69        3,912  

Porr AG(a)

     439        14,676  

S IMMO AG

     608        11,791  

UNIQA Insurance Group AG

     4,092        43,339  

Zumtobel Group AG

     274        3,297  
     

 

 

 
Total Austria        95,388  
Belgium – 1.4%  

Barco N.V.

     91        9,753  

Cofinimmo S.A.

     351        46,258  

D’ieteren S.A./N.V.

     393        17,713  

Euronav N.V.

     2,705        24,959  

EVS Broadcast Equipment S.A.

     188        6,596  

Exmar N.V.*

     1,516        11,743  

Greenyard N.V.

     181        4,370  

Orange Belgium S.A.

     677        14,226  

Warehouses De Pauw CVA

     265        29,731  
     

 

 

 
Total Belgium        165,349  
China – 1.5%  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     6,000        8,151  

China Aerospace International Holdings Ltd.

     56,000        6,734  

China Agri-Industries Holdings Ltd.

     27,000        11,812  

China Traditional Chinese Medicine Holdings Co., Ltd.

     28,000        14,900  

China Travel International Investment Hong Kong Ltd.

     55,956        20,830  

CITIC Telecom International Holdings Ltd.

     42,678        11,301  

CPMC Holdings Ltd.

     14,000        11,086  

Dah Chong Hong Holdings Ltd.

     7,779        3,602  

Goldpac Group Ltd.

     20,835        6,317  

Guotai Junan International Holdings Ltd.(a)

     56,052        17,567  

Rivera Holdings Ltd.

     68,000        4,784  

Shougang Fushan Resources Group Ltd.

     43,903        9,435  

Sinotruk Hong Kong Ltd.(a)

     10,651        11,990  

Yuexiu Property Co., Ltd.

     182,638        34,111  
     

 

 

 
Total China        172,620  
Denmark – 1.5%  

Alm Brand A/S

     1,154        15,075  

NNIT A/S(b)

     155        4,287  

Per Aarsleff Holding A/S

     258        8,135  

Ringkjoebing Landbobank A/S

     104        5,393  

Royal Unibrew A/S

     525        31,481  

Scandinavian Tobacco Group A/S Class A(b)

     1,665        32,224  

Schouw & Co. AB

     134      12,567  

SimCorp A/S

     118        6,724  

Spar Nord Bank A/S

     2,046        23,791  

Sydbank A/S

     888        35,790  
     

 

 

 
Total Denmark        175,467  
Finland – 2.5%  

Aktia Bank Oyj

     720        7,876  

Citycon Oyj

     13,949        36,147  

Cramo Oyj

     370        8,779  

DNA Oyj

     1,483        27,869  

F-Secure Oyj

     896        4,185  

Finnair Oyj

     721        11,099  

HKScan Oyj Class A

     1,252        4,706  

Kemira Oyj

     2,282        31,513  

Lassila & Tikanoja Oyj

     651        14,118  

Lehto Group Oyj

     265        4,029  

Metsa Board Oyj

     3,146        26,992  

Oriola Oyj Class B

     784        2,636  

Raisio Oyj Class V

     1,810        8,346  

Ramirent Oyj

     972        9,116  

Sanoma Oyj

     721        9,411  

Technopolis Oyj

     2,670        13,402  

Tieto Oyj

     1,092        34,067  

Tikkurila Oyj

     692        14,799  

Tokmanni Group Corp.

     958        8,340  

Uponor Oyj

     336        6,770  

YIT Oyj(a)

     763        5,836  
     

 

 

 
Total Finland        290,036  
France – 2.0%  

Albioma S.A.

     426        10,763  

Coface S.A.

     1,383        14,804  

Europcar Groupe S.A.(b)

     1,397        17,195  

Gaztransport Et Technigaz S.A.

     432        25,989  

Haulotte Group S.A.

     182        3,525  

IPSOS

     202        7,447  

Jacquet Metal Service

     391        12,912  

Kaufman & Broad S.A.

     343        16,323  

Korian S.A.

     490        17,325  

LISI

     181        8,715  

Manitou BF S.A.

     132        4,834  

Mersen S.A.

     119        5,336  

Neopost S.A.

     594        17,119  

Nexans S.A.

     181        11,108  

Oeneo S.A.

     358        4,406  

Rallye S.A.

     1,385        24,664  

Technicolor S.A. Registered Shares

     1,490        5,135  

Television Francaise 1

     1,642        24,222  
     

 

 

 
Total France        231,822  
Germany – 4.2%  

Aareal Bank AG

     742        33,617  

alstria office REIT-AG

     2,201        34,094  

AURELIUS Equity Opportunities SE & Co. KGaA

     678        46,374  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

BayWa AG

     363      $ 13,979  

Bechtle AG

     112        9,350  

Bertrandt AG(a)

     83        10,131  

Bilfinger SE

     413        19,621  

Borussia Dortmund GmbH & Co. KGaA

     524        3,855  

CANCOM SE

     84        7,000  

Capital Stage AG

     468        3,631  

CENTROTEC Sustainable AG

     196        3,641  

Cewe Stiftung & Co. KGaA

     77        8,141  

CropEnergies AG

     257        2,404  

Diebold Nixdorf AG

     265        23,229  

Gerresheimer AG

     111        9,213  

GFT Technologies SE

     197        3,086  

Grammer AG

     111        6,911  

Hamburger Hafen und Logistik AG

     727        20,663  

Indus Holding AG

     189        13,504  

Kloeckner & Co. SE

     812        10,033  

Leoni AG

     167        12,511  

MLP SE

     678        4,582  

NORMA Group SE

     224        15,055  

Pfeiffer Vacuum Technology AG

     112        21,001  

RHOEN-KLINIKUM AG

     196        7,032  

Sixt SE

     307        27,468  

SMA Solar Technology AG(a)

     153        6,613  

Takkt AG

     623        14,113  

TLG Immobilien AG

     1,197        31,830  

VERBIO Vereinigte BioEnergie AG

     217        2,124  

VTG AG

     294        16,861  

Wacker Neuson SE

     364        13,146  

Washtec AG

     111        10,490  

Wuestenrot & Wuerttembergische AG

     1,000        28,051  
     

 

 

 
Total Germany        493,354  
Hong Kong – 1.1%  

Dah Sing Financial Holdings Ltd.

     2,400        15,366  

Hong Kong Aircraft Engineering Co., Ltd.

     2,400        15,366  

Hongkong & Shanghai Hotels Ltd. (The)

     7,000        10,387  

Kowloon Development Co., Ltd.

     27,000        28,598  

Lai Sun Development Co., Ltd.

     2,042        3,474  

Miramar Hotel & Investment

     1,000        1,998  

Television Broadcasts Ltd.

     6,300        22,646  

Vitasoy International Holdings Ltd.

     10,520        26,915  

Welling Holding Ltd.

     40,000        10,234  
     

 

 

 
Total Hong Kong        134,984  
Indonesia – 0.1%  

Bumitama Agri Ltd.

     15,447        8,611  
Ireland – 0.6%  

C&C Group PLC

     1,901        6,506  

Grafton Group PLC

     1,448        15,709  

Greencore Group PLC

     2,436        7,569  

Hostelworld Group PLC(b)

     1,518        7,865  

IFG Group PLC

     2,373        6,041  

Irish Continental Group PLC

     706        4,883  

Origin Enterprises PLC

     735        5,596  

Total Produce PLC

     3,519      10,817  

UDG Healthcare PLC

     510        5,830  
     

 

 

 
Total Ireland        70,816  
Israel – 3.1%  

Amot Investments Ltd.

     5,727        34,395  

Ashtrom Properties Ltd.

     1,525        7,929  

B Communications Ltd.*

     637        11,681  

Delek Automotive Systems Ltd.

     2,499        18,694  

Delta-Galil Industries Ltd.

     265        9,183  

Direct Insurance Financial Investments Ltd.

     391        4,631  

Discount Investment Corp., Ltd. Registered Shares

     5,274        20,570  

El Al Israel Airlines

     7,208        3,004  

Electra Consumer Products 1970 Ltd.

     223        4,026  

First International Bank of Israel Ltd.

     1,308        27,187  

Fox Wizel Ltd.

     182        3,867  

Gazit-Globe Ltd.

     3,285        34,935  

Harel Insurance Investments & Financial Services Ltd.

     2,147        15,764  

Inrom Construction Industries Ltd.

     1,453        6,902  

Magic Software Enterprises Ltd.

     692        5,858  

Matrix IT Ltd.

     538        6,786  

Maytronics Ltd.

     876        4,328  

Mediterranean Towers Ltd.

     2,415        4,895  

Meitav Dash Investments Ltd.

     1,127        3,980  

Melisron Ltd.

     419        19,842  

Migdal Insurance & Financial Holding Ltd.

     6,902        7,752  

Oil Refineries Ltd.

     64,352        30,845  

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     76        4,041  

Scope Metals Group Ltd.

     203        5,958  

Sella Capital Real Estate Ltd.

     4,180        8,711  

Shapir Engineering and Industry Ltd.

     3,215        12,928  

Shikun & Binui Ltd.

     5,814        12,977  

Shufersal Ltd.

     1,049        6,980  

Strauss Group Ltd.

     867        18,620  
     

 

 

 
Total Israel        357,269  
Italy – 4.5%  

Anima Holding SpA(b)

     2,967        21,234  

Ascopiave SpA

     4,103        17,471  

Astaldi SpA(a)

     330        840  

ASTM SpA

     958        27,873  

Banca IFIS SpA

     544        26,632  

Banca Popolare di Sondrio SCPA

     1,348        4,927  

Biesse SpA

     203        10,311  

BPER Banca

     1,807        9,135  

Brunello Cucinelli SpA

     223        7,233  

Cementir Holding SpA

     1,036        9,392  

Cerved Information Solutions SpA

     769        9,788  

Cofide SpA

     4,602        3,200  

Credito Emiliano SpA

     2,731        23,202  

Datalogic SpA

     161        5,958  

Ei Towers SpA

     307        19,722  

Enav SpA(b)

     7,680        41,592  

ERG SpA

     1,880        34,765  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      51  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Falck Renewables SpA

     3,239      $ 8,440  

Geox SpA(a)

     1,705        5,921  

Immobiliare Grande Distribuzione SIIQ SpA

     8,398        9,721  

Italmobiliare SpA

     286        8,191  

Maire Tecnimont SpA(a)

     2,138        11,086  

MARR SpA

     398        10,285  

OVS SpA(b)

     902        6,017  

Piaggio & C. SpA

     3,344        9,236  

RAI Way SpA(b)

     3,124        19,038  

Salini Impregilo SpA

     2,887        11,156  

Saras SpA

     17,290        41,607  

Societa Cattolica di Assicurazioni SC

     2,138        23,234  

Societa Iniziative Autostradali e Servizi SpA

     2,306        42,976  

Technogym SpA(b)

     300        2,909  

Tod’s SpA(a)

     384        28,081  

Zignago Vetro SpA

     887        8,670  
     

 

 

 
Total Italy        519,843  
Japan – 26.6%  

77 Bank Ltd. (The)

     1,335        33,728  

Adastria Co., Ltd.

     600        12,138  

Aida Engineering Ltd.

     700        8,575  

Airport Facilities Co., Ltd.

     735        4,306  

Akita Bank Ltd. (The)

     39        1,077  

Alpen Co., Ltd.

     600        12,937  

Alpine Electronics, Inc.

     600        12,426  

Amano Corp.

     600        15,696  

AOKI Holdings, Inc.

     700        10,290  

Aomori Bank Ltd. (The)

     48        1,525  

Aoyama Trading Co., Ltd.

     700        26,161  

Arakawa Chemical Industries Ltd.

     5        103  

Arcland Sakamoto Co., Ltd.

     82        1,329  

Arcs Co., Ltd.

     600        13,997  

As One Corp.

     35        2,194  

Asahi Broadcasting Corp.

     708        5,707  

Autobacs Seven Co., Ltd.

     700        13,435  

Avex, Inc.

     600        8,549  

Awa Bank Ltd. (The)

     350        2,234  

Bank of Iwate Ltd. (The)

     33        1,315  

Bank of Nagoya Ltd. (The)

     49        1,912  

Bank of Okinawa Ltd. (The)

     42        1,711  

Bell System24 Holdings, Inc.

     701        8,818  

BP Castrol K.K.(a)

     700        12,844  

Capcom Co., Ltd.

     600        19,041  

Chiyoda Co., Ltd.

     600        16,138  

Citizen Watch Co., Ltd.

     1,400        10,278  

COLOPL, Inc.(a)

     700        7,606  

CONEXIO Corp.

     600        12,463  

Cosmo Energy Holdings Co., Ltd.

     719        27,158  

Daihen Corp.

     185        1,754  

Daiichi Jitsugyo Co., Ltd.

     34        1,028  

Daiken Corp.

     682        17,799  

Daiken Medical Co., Ltd.

     600        4,123  

Daikoku Denki Co., Ltd.

     71        1,110  

Daikyo, Inc.

     600      11,632  

Daikyonishikawa Corp.

     600        9,715  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     62        3,104  

DCM Holdings Co., Ltd.

     634        5,909  

Denyo Co., Ltd.

     695        12,438  

Descente Ltd.

     683        11,805  

Dexerials Corp.

     1,355        17,549  

Dip Corp.

     641        16,570  

DMG Mori Co., Ltd.

     600        12,415  

Dowa Holdings Co., Ltd.

     571        23,316  

Dunlop Sports Co., Ltd.

     231        3,370  

EDION Corp.(a)

     600        6,988  

Eighteenth Bank Ltd. (The)

     6,551        16,865  

Eiken Chemical Co., Ltd.

     40        1,917  

Enplas Corp.

     47        1,953  

Exedy Corp.

     30        928  

Fancl Corp.

     615        18,180  

Feed One Co., Ltd.

     2,845        6,693  

FIDEA Holdings Co., Ltd.

     2,119        3,856  

Fields Corp.

     600        6,434  

Financial Products Group Co., Ltd.

     700        8,507  

Foster Electric Co., Ltd.

     57        1,416  

FP Corp.

     559        30,022  

Fudo Tetra Corp.

     2,100        3,411  

Fuji Corp., Ltd.(a)

     1,300        10,109  

Fuji Oil Holdings, Inc.

     600        17,550  

Fujicco Co., Ltd.

     70        1,562  

Fujikura Ltd.

     1,323        11,674  

Fujimori Kogyo Co., Ltd.

     671        23,856  

Fujitsu General Ltd.

     49        1,076  

Fukui Bank Ltd. (The)

     659        15,830  

Fukuyama Transporting Co., Ltd.

     61        2,307  

Gakkyusha Co., Ltd.

     612        8,953  

Geo Holdings Corp.

     700        13,577  

GMO Financial Holdings, Inc.

     600        3,814  

GMO Internet, Inc.

     600        10,210  

GS Yuasa Corp.

     6,758        33,655  

GungHo Online Entertainment, Inc.*(a)

     2,700        7,430  

Gunma Bank Ltd. (The)

     3,487        21,111  

H2O Retailing Corp.

     700        14,659  

Hakuto Co., Ltd.

     642        11,050  

Hanwa Co., Ltd.

     1,339        61,928  

Happinet Corp.

     626        12,181  

Hard Off Corp. Co., Ltd.(a)

     600        6,594  

Hazama Ando Corp.

     1,300        10,178  

Heiwa Corp.

     1,349        25,339  

Hiroshima Bank Ltd. (The)

     2,649        23,069  

HIS Co., Ltd.

     44        1,596  

Hitachi Transport System Ltd.

     60        1,564  

Hitachi Zosen Corp.

     1,300        6,843  

Hokuetsu Industries Co., Ltd.

     1,389        15,758  

Hokuhoku Financial Group, Inc.

     706        11,043  

Hokuriku Electric Power Co.(a)

     2,100        16,908  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Horiba Ltd.

     473      $ 28,510  

Hyakujushi Bank Ltd. (The)

     6,677        22,168  

Ibiden Co., Ltd.

     710        10,633  

Ichigo, Inc.(a)

     2,000        7,581  

IDOM, Inc.(a)

     600        4,261  

Iino Kaiun Kaisha Ltd.

     730        4,115  

Imasen Electric Industrial

     686        8,130  

Itochu Enex Co., Ltd.

     1,300        12,533  

Japan Steel Works Ltd. (The)

     600        19,308  

Japan Transcity Corp.

     275        1,186  

Japan Wool Textile Co., Ltd. (The)

     1,384        13,355  

Jimoto Holdings, Inc.

     2,700        4,626  

Joshin Denki Co., Ltd.

     46        1,637  

K’s Holdings Corp.

     95        2,436  

Kadokawa Dwango*

     73        901  

Kamei Corp.

     691        11,968  

Kandenko Co., Ltd.

     578        6,085  

Kasai Kogyo Co., Ltd.

     5        82  

Kato Sangyo Co., Ltd.

     48        1,760  

Kato Works Co., Ltd.

     64        1,946  

Keihin Corp.

     600        12,218  

Keiyo Bank Ltd. (The)

     6,602        30,241  

Kenedix, Inc.

     736        4,508  

Kitagawa Iron Works Co., Ltd.

     1        27  

Kitano Construction Corp.

     6,563        23,654  

Kitz Corp.

     700        5,425  

Koa Corp.

     692        14,301  

Kobe Bussan Co., Ltd.

     36        1,381  

Koei Tecmo Holdings Co., Ltd.

     600        12,128  

Kohnan Shoji Co., Ltd.

     600        12,953  

KOMEDA Holdings Co., Ltd.

     600        11,047  

Konaka Co., Ltd.

     1,350        7,622  

Krosaki Harima Corp.

     49        2,060  

Kurabo Industries Ltd.

     6,637        21,564  

KYB Corp.

     580        33,930  

KYORIN Holdings, Inc.

     673        12,618  

Kyoto Kimono Yuzen Co., Ltd.(a)

     732        5,049  

Kyowa Exeo Corp.

     700        18,126  

Kyudenko Corp.

     600        29,028  

Leopalace21 Corp.

     2,000        15,553  

Life Corp.

     666        17,973  

Lintec Corp.

     600        16,751  

Macnica Fuji Electronics Holdings, Inc.

     652        14,221  

Maeda Corp.

     141        1,945  

Maeda Road Construction Co., Ltd.

     142        3,259  

Makino Milling Machine Co., Ltd.

     252        2,552  

Mandom Corp.

     42        1,378  

Mani, Inc.

     54        1,644  

Marubun Corp.

     684        7,031  

Matsui Securities Co., Ltd.

     1,400        11,819  

Megmilk Snow Brand Co., Ltd.

     654        19,362  

Meisei Industrial Co., Ltd.

     698        5,137  

Miraca Holdings, Inc.

     680        29,126  

Mirait Holdings Corp.

     700        10,421  

Mitsubishi Steel Manufacturing Co., Ltd.

     673      16,728  

Mitsui Engineering & Shipbuilding Co., Ltd.

     700        10,489  

Mitsui Home Co., Ltd.

     302        2,091  

Miyazaki Bank Ltd. (The)

     658        22,459  

Modec, Inc.

     500        12,916  

MTI Ltd.

     700        4,002  

Nachi-Fujikoshi Corp.

     6,623        44,447  

Nakanishi, Inc.

     39        2,036  

NEC Networks & System Integration Corp.

     606        15,950  

NET One Systems Co., Ltd.

     600        9,225  

NHK Spring Co., Ltd.

     1,454        16,005  

Nichi-iko Pharmaceutical Co., Ltd.

     600        9,262  

Nichias Corp.

     149        1,985  

Nichiha Corp.

     54        2,265  

Nichireki Co., Ltd.

     687        8,867  

Nihon House Holdings Co., Ltd.

     1,427        9,285  

Nihon Kohden Corp.

     600        13,928  

Nihon Parkerizing Co., Ltd.

     640        10,800  

Nihon Unisys Ltd.

     600        12,495  

Nippo Corp.

     112        2,622  

Nippon Coke & Engineering Co., Ltd.

     6,974        7,986  

Nippon Denko Co., Ltd.(a)

     2,094        8,755  

Nippon Flour Mills Co., Ltd.

     681        10,446  

Nippon Kayaku Co., Ltd.

     663        9,841  

Nippon Koei Co., Ltd.

     673        20,910  

Nippon Light Metal Holdings Co., Ltd.

     6,900        19,662  

Nippon Paper Industries Co., Ltd.

     700        13,310  

Nippon Parking Development Co., Ltd.

     5,591        9,529  

Nippon Road Co., Ltd. (The)

     39        2,281  

Nipro Corp.

     690        10,241  

Nishi-Nippon Financial Holdings, Inc.

     700        8,389  

Nishimatsu Construction Co., Ltd.

     1,150        32,259  

Nishimatsuya Chain Co., Ltd.

     600        6,674  

Nissha Co., Ltd.

     34        990  

Nisshin Oillio Group Ltd. (The)

     42        1,273  

Nisshinbo Holdings, Inc.

     2,050        27,788  

Nitta Corp.

     656        25,273  

Noevir Holdings Co., Ltd.

     673        49,945  

NOF Corp.

     86        2,309  

Nomura Co., Ltd.

     679        15,515  

NS Solutions Corp.

     600        16,431  

NTN Corp.

     2,124        10,540  

Obara Group, Inc.

     27        1,853  

Ohsho Food Service Corp.

     672        32,153  

Oita Bank Ltd. (The)

     566        22,007  

Okamura Corp.

     600        8,772  

Okasan Securities Group, Inc.

     6,790        42,072  

Oki Electric Industry Co., Ltd.

     700        9,824  

OKUMA Corp.

     45        2,992  

Okumura Corp.

     90        3,707  

Onward Holdings Co., Ltd.

     621        5,380  

Open House Co., Ltd.

     65        3,497  

OSG Corp.

     600        12,996  

PAL GROUP Holdings Co., Ltd.

     45        1,414  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      53  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Penta-Ocean Construction Co., Ltd.

     1,300      $ 9,694  

Plenus Co., Ltd.

     600        13,092  

Prima Meat Packers Ltd.

     289        2,122  

Rengo Co., Ltd.

     2,150        15,708  

Resorttrust, Inc.

     600        13,640  

Roland DG Corp.

     668        17,968  

Round One Corp.

     630        10,603  

Ryoden Corp.

     90        1,458  

Saizeriya Co., Ltd.

     46        1,539  

Sakai Chemical Industry Co., Ltd.

     71        1,903  

Sakata INX Corp.

     680        10,872  

San-Ai Oil Co., Ltd.

     629        9,163  

Sankyu, Inc.

     65        2,807  

Sanoh Industrial Co., Ltd.

     772        6,202  

Sanrio Co., Ltd.(a)

     700        11,720  

Sanwa Holdings Corp.

     1,400        19,288  

Sanyo Denki Co., Ltd.

     49        3,515  

Sawai Pharmaceutical Co., Ltd.

     600        26,844  

Seikagaku Corp.

     661        9,858  

Seino Holdings Co., Ltd.

     700        11,123  

Senko Group Holdings Co., Ltd.

     1,380        9,972  

SFP Holdings Co., Ltd.

     572        11,420  

Shiga Bank Ltd. (The)

     420        2,151  

Shikoku Chemicals Corp.

     112        1,816  

Shimachu Co., Ltd.

     653        18,810  

Shinko Plantech Co., Ltd.

     700        7,432  

Shoei Co., Ltd.

     577        26,430  

Showa Sangyo Co., Ltd.

     50        1,302  

SKY Perfect JSAT Holdings, Inc.

     3,400        15,574  

Sotetsu Holdings, Inc.

     800        21,028  

Starts Corp., Inc.

     600        15,712  

Sumitomo Mitsui Construction Co., Ltd.

     813        4,540  

Sumitomo Seika Chemicals Co., Ltd.

     25        1,389  

T-Gaia Corp.

     700        16,268  

Tadano Ltd.

     627        10,414  

Taiho Kogyo Co., Ltd.

     7        104  

Taiyo Holdings Co., Ltd.

     659        29,367  

Takara Holdings, Inc.

     700        8,178  

Takara Leben Co., Ltd.

     1,400        6,189  

Takeuchi Manufacturing Co., Ltd.

     653        15,518  

Tatsuta Electric Wire and Cable Co., Ltd.

     2,068        16,467  

TechnoPro Holdings, Inc.

     73        3,966  

TOA Corp.

     616        7,754  

Tocalo Co., Ltd.

     88        3,929  

Tochigi Bank Ltd. (The)

     1,444        5,820  

Toda Corp.

     404        3,242  

Toho Bank Ltd. (The)

     5,614        19,735  

TOKAI Holdings Corp.

     700        5,953  

Tokai Rika Co., Ltd.

     700        14,739  

Tokai Tokyo Financial Holdings, Inc.

     1,518        9,797  

Tokyo Dome Corp.

     729        7,377  

Tokyo Steel Manufacturing Co., Ltd.

     757        6,801  

Tokyo TY Financial Group, Inc.

     48        1,391  

Tokyotokeiba Co., Ltd.

     580        21,959  

Tokyu Construction Co., Ltd.

     700      6,823  

TOMONY Holdings, Inc.

     1,401        7,213  

Toshiba Machine Co., Ltd.

     452        3,374  

Toshiba Plant Systems & Services Corp.

     600        11,196  

Totetsu Kogyo Co., Ltd.

     45        1,494  

Toyo Ink SC Holdings Co., Ltd.

     6,644        39,339  

Toyo Tire & Rubber Co., Ltd.

     737        15,231  

Toyobo Co., Ltd.

     687        12,484  

Trusco Nakayama Corp.

     600        17,497  

TS Tech Co., Ltd.

     684        28,143  

Tsubaki Nakashima Co., Ltd.

     693        16,518  

Tsubakimoto Chain Co.

     283        2,286  

Tsugami Corp.

     233        2,999  

Tsumura & Co.

     613        20,379  

UACJ Corp.

     52        1,359  

Ube Industries Ltd.

     600        17,656  

UKC Holdings Corp.

     654        14,427  

Universal Entertainment Corp.

     600        22,104  

Valor Holdings Co., Ltd.

     600        14,029  

Vital KSK Holdings, Inc.

     600        5,497  

VT Holdings Co., Ltd.

     700        3,486  

Wacoal Holdings Corp.

     134        4,235  

Yamagata Bank Ltd. (The)

     68        1,485  

Yamanashi Chuo Bank Ltd. (The)

     419        1,830  

Yamatane Corp.

     600        11,675  

Yokohama Reito Co., Ltd.

     700        7,258  

Yondoshi Holdings, Inc.

     42        1,114  

Yumeshin Holdings Co., Ltd.

     1,400        13,459  

Yushin Precision Equipment Co., Ltd.

     49        1,398  

Zeon Corp.

     670        9,701  

Zojirushi Corp.

     600        6,115  
     

 

 

 
Total Japan        3,105,533  
Netherlands – 1.8%  

Accell Group

     181        5,092  

Amsterdam Commodities N.V.

     36        1,042  

BE Semiconductor Industries N.V.

     489        41,051  

Beter Bed Holding N.V.

     293        4,658  

BinckBank N.V.

     1,712        9,115  

Corbion N.V.

     817        26,489  

Flow Traders(b)

     650        15,610  

ForFarmers N.V.

     720        9,026  

Intertrust N.V.(b)

     770        14,452  

Koninklijke BAM Groep N.V.

     1,350        6,210  

PostNL N.V.

     4,190        20,508  

Refresco Group N.V.(b)

     357        8,488  

Rhi Magnesita N.V.*

     265        13,876  

SIF Holding N.V.(a)

     231        4,829  

TKH Group N.V. CVA

     405        25,741  

Wessanen

     174        3,590  
     

 

 

 
Total Netherlands        209,777  
New Zealand – 4.1%  

Air New Zealand Ltd.

     24,837        56,348  

Chorus Ltd.

     4,721        14,102  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Contact Energy Ltd.

     10,640      $ 42,073  

EBOS Group Ltd.

     1,782        23,510  

Fonterra Co-operative Group Ltd.

     133        606  

Freightways Ltd.

     2,432        13,266  

Genesis Energy Ltd.

     21,762        39,002  

Heartland Bank Ltd.

     7,421        10,978  

Infratil Ltd.

     6,517        15,388  

Investore Property Ltd.

     643        681  

Kathmandu Holdings Ltd.

     5,741        9,922  

Kiwi Property Group Ltd.

     19,170        19,155  

Mainfreight Ltd.

     860        15,529  

Metlifecare Ltd.

     776        3,367  

Metro Performance Glass Ltd.

     5,734        4,078  

Michael Hill International Ltd.

     6,664        6,411  

New Zealand Refining Co., Ltd. (The)

     4,215        7,944  

NZME Ltd.

     8,153        5,103  

NZX Ltd.

     14,826        11,810  

Port of Tauranga Ltd.

     4,155        14,598  

Restaurant Brands New Zealand Ltd.

     1,329        6,900  

Sanford Ltd.

     854        5,041  

Scales Corp., Ltd.

     2,296        7,805  

Skellerup Holdings Ltd.

     3,925        5,164  

SKY Network Television Ltd.

     10,437        20,858  

SKYCITY Entertainment Group Ltd.

     8,482        25,034  

Steel & Tube Holdings Ltd.

     3,753        5,605  

Summerset Group Holdings Ltd.

     1,007        3,939  

Tegel Group Holdings Ltd.

     7,209        5,999  

Tourism Holdings Ltd.

     1,807        7,775  

Trade Me Group Ltd.

     5,555        19,122  

Trustpower Ltd.

     3,554        15,115  

Z Energy Ltd.

     5,688        31,028  
     

 

 

 
Total New Zealand        473,256  
Norway – 3.1%  

ABG Sundal Collier Holding ASA

     15,654        11,387  

American Shipping Co. ASA*

     3,268        9,549  

Arcus ASA(b)

     873        4,963  

Atea ASA*

     2,117        29,894  

Austevoll Seafood ASA

     1,842        15,370  

Borregaard ASA

     1,014        10,104  

Ekornes ASA

     881        12,764  

Entra ASA(b)

     1,831        27,310  

Europris ASA(b)

     4,208        17,183  

Grieg Seafood ASA

     2,236        19,751  

Norway Royal Salmon ASA

     923        15,178  

Ocean Yield ASA

     2,782        23,639  

Protector Forsikring ASA

     790        8,693  

Sbanken ASA(b)

     427        4,228  

Scatec Solar ASA(b)

     938        5,734  

Selvaag Bolig ASA

     1,679        6,959  

SpareBank 1 Nord Norge

     1,504        11,446  

SpareBank 1 SMN

     1,786        17,960  

SpareBank 1 SR-Bank ASA

     2,738        29,123  

Sparebanken Vest

     1,588        10,581  

TGS Nopec Geophysical Co. ASA

     1,057      25,096  

Tomra Systems ASA

     1,204        19,357  

Veidekke ASA

     1,821        20,649  
     

 

 

 
Total Norway        356,918  
Portugal – 1.3%  

Altri, SGPS, S.A.

     3,551        22,049  

Corticeira Amorim, SGPS, S.A.

     490        6,060  

CTT-Correios de Portugal S.A.

     2,047        8,620  

Mota-Engil, SGPS, S.A.

     3,090        13,592  

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

     14,195        42,256  

Semapa-Sociedade de Investimento e Gestao

     762        16,283  

Sonae Capital, SGPS, S.A.

     8,899        9,478  

Sonae, SGPS, S.A.

     28,083        37,971  
     

 

 

 
Total Portugal        156,309  
Singapore – 3.7%  

Accordia Golf Trust

     15,465        7,927  

Asian Pay Television Trust

     16,001        7,064  

Boustead Singapore Ltd.

     7,685        4,945  

Bukit Sembawang Estates Ltd.

     4,100        19,236  

Centurion Corp., Ltd.

     17,400        6,836  

China Aviation Oil Singapore Corp., Ltd.(a)

     2,034        2,466  

Chip Eng Seng Corp., Ltd.

     20,205        14,741  

CITIC Envirotech Ltd.

     10,500        5,853  

Far East Orchard Ltd.

     7,600        8,530  

First Resources Ltd.

     3,427        4,795  

Geo Energy Resources Ltd.(a)

     18,900        3,748  

GuocoLand Ltd.

     13,900        23,298  

Ho Bee Land Ltd.

     4,200        7,731  

Hong Fok Corp., Ltd.

     7,600        4,891  

iFAST Corp., Ltd.

     7,000        4,636  

Indofood Agri Resources Ltd.

     12,600        3,677  

Japfa Ltd.

     15,300        5,839  

Keppel Infrastructure Trust

     83,161        35,781  

Keppel Telecommunications & Transportation Ltd.

     6,300        7,401  

KSH Holdings Ltd.

     7,625        4,393  

Lian Beng Group Ltd.

     16,700        9,247  

M1 Ltd.

     5,615        7,479  

OUE Ltd.

     7,700        10,775  

Oxley Holdings Ltd.

     22,260        10,910  

Q&M Dental Group Singapore Ltd.

     11,800        5,430  

QAF Ltd.

     9,100        7,627  

Raffles Medical Group Ltd.(a)

     11,800        9,889  

RHT Health Trust

     9,068        5,700  

Sembcorp Marine Ltd.(a)

     9,703        13,359  

Sheng Siong Group Ltd.(a)

     23,000        15,920  

SIIC Environment Holdings Ltd.

     21,600        8,324  

Singapore Post Ltd.

     32,800        30,434  

Talkmed Group Ltd.

     4,200        2,137  

UMS Holdings Ltd.

     7,000        5,343  

United Engineers Ltd.

     8,400        16,594  

UPP Holdings Ltd.

     21,000        4,164  

Venture Corp., Ltd.

     2,708        41,479  

Wheelock Properties Singapore Ltd.

     11,200        15,923  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      55  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Wing Tai Holdings Ltd.

     7,700      $ 13,137  

Yanlord Land Group Ltd.

     13,209        16,012  
     

 

 

 
Total Singapore        433,671  
Spain – 1.0%  

Applus Services S.A.

     329        4,454  

Construcciones y Auxiliar de Ferrocarriles S.A.

     216        8,865  

Elecnor S.A.

     643        10,262  

Ence Energia y Celulosa S.A.

     1,898        12,535  

Euskaltel S.A.(b)

     908        7,412  

Faes Farma S.A.

     2,989        10,549  

Fluidra S.A.

     539        7,644  

Papeles y Cartones de Europa S.A.

     854        11,603  

Saeta Yield S.A.

     2,147        25,291  

Tecnicas Reunidas S.A.(a)

     629        19,985  
     

 

 

 
Total Spain        118,600  
Sweden – 4.9%  

Acando AB

     1,217        4,147  

AddTech AB Class B

     420        9,208  

AF AB Class B

     713        15,754  

Alimak Group AB(b)

     399        6,238  

Atrium Ljungberg AB Class B

     888        14,132  

Attendo AB(b)

     658        7,068  

Bergman & Beving AB Class B

     125        1,313  

Betsson AB*

     2,236        16,523  

Bilia AB Class A

     616        6,019  

BioGaia AB Class B

     56        2,230  

Bonava AB Class B

     461        6,453  

Bravida Holding AB(b)

     567        3,798  

Bulten AB

     217        3,247  

Byggmax Group AB

     1,371        9,210  

Capio AB(b)

     812        4,364  

Clas Ohlson AB Class B

     776        10,663  

Cloetta AB Class B

     931        3,377  

Com Hem Holding AB

     686        10,507  

Coor Service Management Holding AB(b)

     1,252        9,557  

Dometic Group AB(b)

     2,485        25,358  

Duni AB

     917        13,580  

Dustin Group AB(b)

     427        4,250  

Evolution Gaming Group AB(b)

     77        5,459  

Granges AB

     749        7,707  

Gunnebo AB

     1,071        4,408  

Hemfosa Fastigheter AB

     2,548        34,202  

HIQ International AB*

     1,113        8,462  

Intrum Justitia AB(a)

     741        27,450  

Inwido AB

     259        2,649  

KNOW IT AB

     237        4,501  

Kungsleden AB

     1,390        10,101  

LeoVegas AB(b)

     524        5,360  

Lifco AB Class B

     356        12,366  

Lindab International AB

     258        2,149  

Loomis AB Class B

     671        28,241  

Magnolia Bostad AB(a)

     316        1,930  

Mekonomen AB

     314        5,724  

Modern Times Group MTG AB Class B

     923      38,870  

MQ Holding AB

     2,011        6,558  

Mycronic AB(a)

     868        9,011  

NetEnt AB*

     1,588        10,958  

New Wave Group AB Class B

     679        4,520  

Nobina AB(b)

     1,721        11,351  

Nolato AB Class B

     279        18,367  

Nordax Group AB(b)

     1,399        9,056  

Nordic Waterproofing Holding A/S(b)

     525        4,521  

NP3 Fastigheter AB

     1,572        9,984  

Paradox Interactive AB

     524        5,968  

Platzer Fastigheter Holding AB Class B

     972        6,173  

Pricer AB Class B

     4,229        4,390  

Ratos AB Class B

     1,287        5,634  

Recipharm AB Class B(a)

     342        4,125  

Resurs Holding AB(b)

     3,649        25,961  

Scandic Hotels Group AB(b)

     790        11,362  

Systemair AB

     266        4,069  

Thule Group AB(b)

     230        5,194  

Wihlborgs Fastigheter AB

     951        22,801  
     

 

 

 
Total Sweden        566,578  
Switzerland – 1.5%  

Ascom Holding AG Registered Shares

     476        12,309  

Bobst Group S.A. Registered Shares

     83        11,038  

Daetwyler Holding AG Bearer Shares

     70        13,533  

EFG International AG*

     3,869        40,894  

GAM Holding AG*

     2,747        44,397  

Implenia AG Registered Shares

     90        6,086  

Kudelski S.A. Bearer Shares(a)

     349        4,316  

Mobilezone Holding AG Registered Shares

     141        1,859  

Oriflame Holding AG

     447        18,470  

Tecan Group AG Registered Shares

     42        8,736  

Valiant Holding AG Registered Shares

     62        6,706  

Zehnder Group AG

     139        5,698  
     

 

 

 
Total Switzerland        174,042  
United Kingdom – 15.9%  

A.G. Barr PLC

     602        5,428  

AA PLC

     8,884        20,430  

Abcam PLC

     447        6,379  

Ascential PLC

     2,646        13,791  

AVEVA Group PLC

     210        7,855  

Balfour Beatty PLC

     3,677        14,773  

BCA Marketplace PLC

     9,977        27,560  

BGEO Group PLC

     203        9,768  

Big Yellow Group PLC

     1,071        12,597  

Bodycote PLC

     1,327        16,389  

Bovis Homes Group PLC

     896        14,205  

Braemar Shipping Services PLC

     1,516        5,558  

Brewin Dolphin Holdings PLC

     4,512        23,804  

Britvic PLC

     3,946        43,504  

Card Factory PLC

     2,007        8,012  

Central Asia Metals PLC

     2,425        10,038  

Chesnara PLC

     2,187        11,516  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Cineworld Group PLC

     1,225      $ 9,959  

Clarkson PLC

     181        7,005  

Clinigen Group PLC

     343        4,779  

Clipper Logistics PLC

     840        5,000  

CMC Markets PLC(b)

     6,045        12,266  

Coats Group PLC

     6,289        7,584  

Communisis PLC

     8,842        7,715  

Concentric AB

     259        4,777  

Consort Medical PLC

     847        13,383  

Costain Group PLC

     1,586        10,035  

Countryside Properties PLC(b)

     3,771        18,007  

Cranswick PLC

     167        7,539  

Crest Nicholson Holdings PLC

     1,678        12,371  

Dairy Crest Group PLC

     2,361        18,413  

De La Rue PLC

     2,229        19,343  

Dechra Pharmaceuticals PLC

     279        7,911  

Devro PLC

     2,838        8,792  

Dignity PLC

     168        4,136  

Diploma PLC

     490        8,266  

DiscoverIE Group PLC

     1,842        9,226  

Domino’s Pizza Group PLC

     5,259        24,593  

Drax Group PLC

     1,712        6,267  

Dunelm Group PLC

     3,372        31,588  

Elegant Hotels Group PLC

     6,492        7,948  

Elementis PLC

     8,510        33,166  

EMIS Group PLC

     1,112        15,208  

Epwin Group PLC

     2,760        3,113  

Equiniti Group PLC(b)

     4,442        17,143  

Essentra PLC

     2,991        21,424  

esure Group PLC

     6,816        22,913  

Eurocell PLC

     1,908        5,549  

Euromoney Institutional Investor PLC

     853        15,058  

FDM Group Holdings PLC

     545        6,882  

Fenner PLC

     2,611        14,119  

Ferrexpo PLC

     2,478        9,825  

Fevertree Drinks PLC

     154        4,744  

Fidessa Group PLC

     230        7,875  

Forterra PLC(b)

     1,609        6,492  

Galliford Try PLC

     1,092        18,997  

Games Workshop Group PLC

     726        25,859  

Gamma Communications PLC

     587        5,122  

Gattaca PLC

     1,364        5,612  

Genus PLC

     154        5,273  

Go-Ahead Group PLC

     336        6,768  

Greggs PLC

     1,574        29,788  

Halfords Group PLC

     1,574        7,448  

Hastings Group Holdings PLC(b)

     6,454        27,938  

Helical PLC

     1,495        6,876  

Henry Boot PLC

     1,210        5,221  

Hill & Smith Holdings PLC

     440        7,970  

Hilton Food Group PLC

     889        10,390  

Hochschild Mining PLC

     1,182        4,221  

Ibstock PLC(b)

     4,246        15,307  

J D Wetherspoon PLC

     321        5,458  

James Fisher & Sons PLC

     139      2,943  

John Laing Group PLC(b)

     1,649        6,558  

John Menzies PLC

     1,308        12,041  

Just Group PLC

     3,945        9,094  

Kainos Group PLC

     1,684        7,734  

Kcom Group PLC

     7,554        9,273  

Keller Group PLC

     391        5,146  

Kier Group PLC

     509        7,491  

Lookers PLC

     4,961        6,912  

Low & Bonar PLC

     5,318        3,939  

Marshalls PLC

     1,148        7,064  

McBride PLC*

     2,628        8,194  

McCarthy & Stone PLC(b)

     5,316        11,348  

McColl’s Retail Group PLC

     3,647        13,024  

Mears Group PLC

     1,803        10,000  

Moneysupermarket.com Group PLC

     5,783        27,865  

Morgan Advanced Materials PLC

     2,243        10,234  

Morgan Sindall Group PLC

     448        8,654  

N Brown Group PLC

     2,900        10,619  

National Express Group PLC

     7,575        39,031  

NCC Group PLC

     3,201        10,133  

Northgate PLC

     1,880        9,696  

Numis Corp. PLC

     1,957        8,869  

On the Beach Group PLC(b)

     609        3,872  

OneSavings Bank PLC

     1,148        6,408  

Oxford Instruments PLC

     216        2,487  

Pagegroup PLC

     6,056        38,299  

Pan African Resources PLC

     39,387        7,060  

PayPoint PLC

     483        5,965  

Pendragon PLC

     26,919        10,378  

Pets at Home Group PLC

     4,961        11,838  

Photo-Me International PLC

     1,600        3,983  

Polar Capital Holdings PLC

     1,957        14,368  

Polypipe Group PLC

     2,077        11,048  

PZ Cussons PLC

     2,310        10,109  

QinetiQ Group PLC

     6,338        19,814  

Rank Group PLC

     6,177        20,180  

Redde PLC

     7,610        18,041  

Redrow PLC

     3,054        27,039  

Ricardo PLC

     538        6,452  

Rotork PLC

     6,804        24,566  

RPS Group PLC

     3,153        11,612  

RWS Holdings PLC

     1,112        6,938  

Safestore Holdings PLC

     2,299        15,537  

Savills PLC

     1,782        23,937  

Senior PLC

     2,154        7,596  

Servelec Group PLC

     1,125        4,824  

Severfield PLC

     4,036        4,354  

Soco International PLC

     6,637        10,011  

Softcat PLC

     1,546        10,875  

Sophos Group PLC(b)

     902        6,955  

Spirent Communications PLC

     2,922        4,032  

St. Modwen Properties PLC

     1,859        10,205  

Stock Spirits Group PLC

     3,858        14,026  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      57  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

SuperGroup PLC

     832      $ 22,251  

Synthomer PLC

     1,336        8,881  

TalkTalk Telecom Group PLC(a)

     26,866        55,205  

TBC Bank Group PLC

     385        9,114  

Ted Baker PLC

     468        17,163  

Telecom Plus PLC

     482        7,831  

Thomas Cook Group PLC

     5,342        8,881  

Topps Tiles PLC

     4,749        5,139  

TT electronics PLC

     2,443        7,394  

Tyman PLC

     2,471        12,142  

Ultra Electronics Holdings PLC

     608        11,079  

Unite Group PLC (The)

     1,334        14,527  

Vedanta Resources PLC

     4,470        48,646  

Vesuvius PLC

     2,096        16,559  

Victrex PLC

     643        22,946  

Volution Group PLC

     2,873        7,967  

Watkin Jones PLC

     2,787        8,275  

WH Smith PLC

     1,413        44,861  

Wincanton PLC

     1,761        5,658  

ZPG PLC(b)

     2,268        10,143  
     

 

 

 
Total United Kingdom        1,853,602  

TOTAL COMMON STOCKS

(Cost: $10,773,511)

 

 

     11,676,331  
RIGHTS – 0.0%  
Australia – 0.0%  

Cleanaway Waste Management Ltd., expiring 1/19/18*

     
(Cost $0)      2,301      270  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3%  
United States – 2.3%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c)

     
(Cost: $260,515)(d)      260,515        260,515  
TOTAL INVESTMENTS IN SECURITIES – 102.5%
(Cost: $11,034,026)
       11,937,116  

Other Assets less Liabilities – (2.5)%

 

     (285,513
     

 

 

 
NET ASSETS – 100.0%      $ 11,651,603  
* 

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 represent 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(d) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $308,165 and the total market value of the collateral held by the Fund was $326,143. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $65,628.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    1/3/2018       197,160       AUD       154,204       USD     $ 5     $  

Bank of America N.A.

    1/3/2018       72,889       DKK       11,755       USD       1        

Bank of America N.A.

    1/3/2018       130,286       EUR       156,443       USD       5        

Bank of America N.A.

    1/3/2018       141,006       GBP       190,739       USD       7        

Bank of America N.A.

    1/3/2018       129,797       ILS       37,385       USD       3        

Bank of America N.A.

    1/3/2018       395,769       NOK       48,384       USD       2        

Bank of America N.A.

    1/3/2018       492,061       SEK       60,102       USD             (3

Bank of America N.A.

    1/3/2018       88,116       USD       116,096       AUD             (2,688

Bank of America N.A.

    1/3/2018       6,717       USD       41,829       DKK             (29

Bank of America N.A.

    1/3/2018       89,396       USD       74,811       EUR             (437

Bank of America N.A.

    1/3/2018       108,993       USD       80,416       GBP       211        

Bank of America N.A.

    1/3/2018       21,363       USD       74,566       ILS             (116

Bank of America N.A.

    1/3/2018       27,648       USD       228,940       NOK             (342

Bank of America N.A.

    1/3/2018       34,344       USD       285,451       SEK             (520

Bank of America N.A.

    1/4/2018       30,623       CHF       31,425       USD             (1

Bank of America N.A.

    1/4/2018       65,165       NZD       46,344       USD       1        

Bank of America N.A.

    1/4/2018       59,895       SGD       44,817       USD       2        

Bank of America N.A.

    1/4/2018       17,957       USD       17,582       CHF             (86

Bank of America N.A.

    1/4/2018       26,482       USD       38,608       NZD             (976

Bank of America N.A.

    1/4/2018       25,609       USD       34,490       SGD             (199

Bank of America N.A.

    1/9/2018       35,780,618       JPY       317,682       USD       11        

Bank of America N.A.

    1/9/2018       181,532       USD       20,270,643       JPY       1,551        

Bank of America N.A.

    2/2/2018       267,786       USD       342,381       AUD             (15

Bank of America N.A.

    2/2/2018       32,734       USD       31,835       CHF             (2

Bank of America N.A.

    2/2/2018       12,231       USD       75,709       DKK             (2

 

See Notes to Financial Statements.

 

58   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

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.

    2/2/2018       160,883       USD       133,759       EUR     $     $ (14

Bank of America N.A.

    2/2/2018       197,004       USD       145,500       GBP             (12

Bank of America N.A.

    2/2/2018       37,683       USD       130,666       ILS       3        

Bank of America N.A.

    2/2/2018       73,998       USD       604,783       NOK             (6

Bank of America N.A.

    2/2/2018       49,618       USD       69,797       NZD             (3

Bank of America N.A.

    2/2/2018       61,665       USD       503,987       SEK              

Bank of America N.A.

    2/5/2018       538,792       USD       60,610,490       JPY             (64

Bank of America N.A.

    2/5/2018       45,169       USD       60,339       SGD             (3

Bank of Montreal

    1/3/2018       150,219       AUD       117,491       USD       3        

Bank of Montreal

    1/3/2018       55,551       DKK       8,959       USD              

Bank of Montreal

    1/3/2018       99,267       EUR       119,197       USD       3        

Bank of Montreal

    1/3/2018       107,433       GBP       145,326       USD       4        

Bank of Montreal

    1/3/2018       98,895       ILS       28,486       USD              

Bank of Montreal

    1/3/2018       301,556       NOK       36,867       USD       1        

Bank of Montreal

    1/3/2018       374,945       SEK       45,796       USD             (1

Bank of Montreal

    1/4/2018       23,334       CHF       23,945       USD             (1

Bank of Montreal

    1/4/2018       49,655       NZD       35,314       USD       1        

Bank of Montreal

    1/4/2018       45,633       SGD       34,148       USD             (1

Bank of Montreal

    1/9/2018       27,261,358       JPY       242,045       USD       6        

Bank of Montreal

    2/2/2018       204,029       USD       260,857       AUD             (6

Bank of Montreal

    2/2/2018       24,943       USD       24,258       CHF             (1

Bank of Montreal

    2/2/2018       9,323       USD       57,704       DKK              

Bank of Montreal

    2/2/2018       122,578       USD       101,909       EUR             (6

Bank of Montreal

    2/2/2018       150,102       USD       110,859       GBP             (7

Bank of Montreal

    2/2/2018       28,715       USD       99,575       ILS       1        

Bank of Montreal

    2/2/2018       56,384       USD       460,810       NOK             (3

Bank of Montreal

    2/2/2018       37,807       USD       53,182       NZD             (2

Bank of Montreal

    2/2/2018       46,985       USD       384,006       SEK              

Bank of Montreal

    2/5/2018       410,509       USD       46,176,843       JPY             (25

Bank of Montreal

    2/5/2018       34,415       USD       45,975       SGD             (4

Barclays Bank PLC

    1/3/2018       197,159       AUD       154,204       USD       4        

Barclays Bank PLC

    1/3/2018       72,888       DKK       11,755       USD              

Barclays Bank PLC

    1/3/2018       130,286       EUR       156,443       USD       4        

Barclays Bank PLC

    1/3/2018       141,004       GBP       190,739       USD       4        

Barclays Bank PLC

    1/3/2018       129,785       ILS       37,385       USD             (1

Barclays Bank PLC

    1/3/2018       395,759       NOK       48,384       USD       1        

Barclays Bank PLC

    1/3/2018       492,073       SEK       60,102       USD             (1

Barclays Bank PLC

    1/3/2018       88,116       USD       116,095       AUD             (2,688

Barclays Bank PLC

    1/3/2018       6,717       USD       41,829       DKK             (29

Barclays Bank PLC

    1/3/2018       89,396       USD       74,811       EUR             (437

Barclays Bank PLC

    1/3/2018       108,993       USD       80,412       GBP       216        

Barclays Bank PLC

    1/3/2018       21,363       USD       74,563       ILS             (115

Barclays Bank PLC

    1/3/2018       27,648       USD       228,930       NOK             (341

Barclays Bank PLC

    1/3/2018       34,344       USD       285,434       SEK             (518

Barclays Bank PLC

    1/4/2018       30,623       CHF       31,425       USD             (1

Barclays Bank PLC

    1/4/2018       65,165       NZD       46,344       USD       1        

Barclays Bank PLC

    1/4/2018       59,880       SGD       44,817       USD             (9

Barclays Bank PLC

    1/4/2018       17,957       USD       17,582       CHF             (85

Barclays Bank PLC

    1/4/2018       26,482       USD       38,608       NZD             (976

Barclays Bank PLC

    1/4/2018       25,609       USD       34,491       SGD             (200

Barclays Bank PLC

    1/9/2018       35,779,888       JPY       317,682       USD       4        

Barclays Bank PLC

    1/9/2018       181,532       USD       20,269,899       JPY       1,558        

Barclays Bank PLC

    2/2/2018       267,786       USD       342,384       AUD             (17

Barclays Bank PLC

    2/2/2018       32,734       USD       31,836       CHF             (2

Barclays Bank PLC

    2/2/2018       12,231       USD       75,705       DKK             (1

Barclays Bank PLC

    2/2/2018       160,883       USD       133,756       EUR             (9

Barclays Bank PLC

    2/2/2018       197,004       USD       145,502       GBP             (15

Barclays Bank PLC

    2/2/2018       37,683       USD       130,681       ILS             (1

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      59  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Barclays Bank PLC

    2/2/2018       73,998       USD       605,208       NOK     $     $ (58

Barclays Bank PLC

    2/2/2018       49,618       USD       69,797       NZD             (3

Barclays Bank PLC

    2/2/2018       61,665       USD       504,048       SEK             (8

Barclays Bank PLC

    2/5/2018       538,792       USD       60,608,658       JPY             (47

Barclays Bank PLC

    2/5/2018       45,169       USD       60,348       SGD             (10

Citibank N.A.

    1/3/2018       197,160       AUD       154,204       USD       5        

Citibank N.A.

    1/3/2018       72,889       DKK       11,755       USD       1        

Citibank N.A.

    1/3/2018       130,286       EUR       156,443       USD       5        

Citibank N.A.

    1/3/2018       141,005       GBP       190,739       USD       6        

Citibank N.A.

    1/3/2018       129,789       ILS       37,385       USD              

Citibank N.A.

    1/3/2018       395,762       NOK       48,384       USD       1        

Citibank N.A.

    1/3/2018       492,100       SEK       60,102       USD       2        

Citibank N.A.

    1/3/2018       88,116       USD       116,096       AUD             (2,689

Citibank N.A.

    1/3/2018       209,802       USD       273,683       AUD             (4,259

Citibank N.A.

    1/3/2018       6,717       USD       41,834       DKK             (30

Citibank N.A.

    1/3/2018       15,994       USD       100,052       DKK             (142

Citibank N.A.

    1/3/2018       89,396       USD       74,811       EUR             (437

Citibank N.A.

    1/3/2018       212,848       USD       178,865       EUR             (1,933

Citibank N.A.

    1/3/2018       108,993       USD       80,416       GBP       210        

Citibank N.A.

    1/3/2018       259,509       USD       193,350       GBP             (2,046

Citibank N.A.

    1/3/2018       21,363       USD       74,560       ILS             (114

Citibank N.A.

    1/3/2018       50,865       USD       177,701       ILS             (321

Citibank N.A.

    1/3/2018       27,648       USD       228,928       NOK             (341

Citibank N.A.

    1/3/2018       65,829       USD       551,308       NOK             (1,573

Citibank N.A.

    1/3/2018       34,344       USD       285,440       SEK             (519

Citibank N.A.

    1/3/2018       81,773       USD       683,402       SEK             (1,696

Citibank N.A.

    1/4/2018       30,625       CHF       31,425       USD       1        

Citibank N.A.

    1/4/2018       65,165       NZD       46,344       USD       1        

Citibank N.A.

    1/4/2018       59,895       SGD       44,817       USD       2        

Citibank N.A.

    1/4/2018       17,957       USD       17,583       CHF             (86

Citibank N.A.

    1/4/2018       42,756       USD       42,010       CHF             (353

Citibank N.A.

    1/4/2018       26,482       USD       38,606       NZD             (974

Citibank N.A.

    1/4/2018       63,054       USD       90,483       NZD             (1,297

Citibank N.A.

    1/4/2018       25,609       USD       34,487       SGD             (197

Citibank N.A.

    1/4/2018       60,976       USD       81,999       SGD             (383

Citibank N.A.

    1/9/2018       35,778,426       JPY       317,682       USD             (9

Citibank N.A.

    1/9/2018       181,532       USD       20,270,825       JPY       1,549        

Citibank N.A.

    1/9/2018       432,221       USD       48,894,309       JPY             (1,907

Citibank N.A.

    2/2/2018       267,786       USD       342,375       AUD             (10

Citibank N.A.

    2/2/2018       32,734       USD       31,838       CHF             (4

Citibank N.A.

    2/2/2018       12,231       USD       75,708       DKK             (1

Citibank N.A.

    2/2/2018       160,883       USD       133,756       EUR             (9

Citibank N.A.

    2/2/2018       197,004       USD       145,499       GBP             (10

Citibank N.A.

    2/2/2018       37,683       USD       130,674       ILS       1        

Citibank N.A.

    2/2/2018       73,998       USD       604,756       NOK             (2

Citibank N.A.

    2/2/2018       49,618       USD       69,796       NZD             (3

Citibank N.A.

    2/2/2018       61,665       USD       504,022       SEK             (4

Citibank N.A.

    2/5/2018       538,792       USD       60,608,927       JPY             (50

Citibank N.A.

    2/5/2018       45,169       USD       60,338       SGD             (2

Credit Suisse International

    1/3/2018       197,159       AUD       154,204       USD       4        

Credit Suisse International

    1/3/2018       72,888       DKK       11,755       USD              

Credit Suisse International

    1/3/2018       130,286       EUR       156,443       USD       4        

Credit Suisse International

    1/3/2018       141,004       GBP       190,739       USD       5        

Credit Suisse International

    1/3/2018       129,794       ILS       37,385       USD       2        

Credit Suisse International

    1/3/2018       395,760       NOK       48,384       USD       1        

Credit Suisse International

    1/3/2018       492,073       SEK       60,102       USD             (2

Credit Suisse International

    1/4/2018       30,623       CHF       31,425       USD             (1

Credit Suisse International

    1/4/2018       65,165       NZD       46,344       USD       1        

 

See Notes to Financial Statements.

 

60   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Credit Suisse International

    1/4/2018       59,888       SGD       44,817       USD     $     $ (3

Credit Suisse International

    1/9/2018       35,779,507       JPY       317,682       USD       1        

Credit Suisse International

    2/2/2018       267,786       USD       342,378       AUD             (12

Credit Suisse International

    2/2/2018       32,734       USD       31,835       CHF             (1

Credit Suisse International

    2/2/2018       12,231       USD       75,704       DKK             (1

Credit Suisse International

    2/2/2018       160,883       USD       133,760       EUR             (15

Credit Suisse International

    2/2/2018       197,004       USD       145,504       GBP             (16

Credit Suisse International

    2/2/2018       37,683       USD       130,693       ILS             (5

Credit Suisse International

    2/2/2018       73,998       USD       604,775       NOK             (5

Credit Suisse International

    2/2/2018       49,618       USD       69,799       NZD             (5

Credit Suisse International

    2/2/2018       61,665       USD       504,003       SEK             (2

Credit Suisse International

    2/5/2018       538,792       USD       60,609,412       JPY             (54

Credit Suisse International

    2/5/2018       45,169       USD       60,356       SGD             (16

Goldman Sachs

    1/3/2018       88,116       USD       116,094       AUD             (2,687

Goldman Sachs

    1/3/2018       6,717       USD       41,833       DKK             (30

Goldman Sachs

    1/3/2018       89,396       USD       74,809       EUR             (435

Goldman Sachs

    1/3/2018       108,993       USD       80,410       GBP       218        

Goldman Sachs

    1/3/2018       21,363       USD       74,564       ILS             (115

Goldman Sachs

    1/3/2018       27,648       USD       228,941       NOK             (342

Goldman Sachs

    1/3/2018       34,344       USD       285,452       SEK             (520

Goldman Sachs

    1/4/2018       17,957       USD       17,582       CHF             (85

Goldman Sachs

    1/4/2018       26,482       USD       38,608       NZD             (976

Goldman Sachs

    1/4/2018       25,609       USD       34,490       SGD             (200

Goldman Sachs

    1/9/2018       181,532       USD       20,269,336       JPY       1,563        

Morgan Stanley & Co. International

    1/3/2018       67,140       USD       88,457       AUD             (2,047

Morgan Stanley & Co. International

    1/3/2018       104,901       USD       139,687       AUD             (4,355

Morgan Stanley & Co. International

    1/3/2018       5,120       USD       31,884       DKK             (22

Morgan Stanley & Co. International

    1/3/2018       7,997       USD       50,526       DKK             (152

Morgan Stanley & Co. International

    1/3/2018       68,113       USD       57,000       EUR             (333

Morgan Stanley & Co. International

    1/3/2018       106,424       USD       90,361       EUR             (2,081

Morgan Stanley & Co. International

    1/3/2018       83,046       USD       61,268       GBP       166        

Morgan Stanley & Co. International

    1/3/2018       129,755       USD       96,881       GBP             (1,301

Morgan Stanley & Co. International

    1/3/2018       16,277       USD       56,810       ILS             (87

Morgan Stanley & Co. International

    1/3/2018       25,432       USD       89,650       ILS             (392

Morgan Stanley & Co. International

    1/3/2018       21,067       USD       174,437       NOK             (259

Morgan Stanley & Co. International

    1/3/2018       32,915       USD       273,380       NOK             (508

Morgan Stanley & Co. International

    1/3/2018       26,169       USD       217,491       SEK             (395

Morgan Stanley & Co. International

    1/3/2018       40,886       USD       345,729       SEK             (1,340

Morgan Stanley & Co. International

    1/4/2018       13,683       USD       13,397       CHF             (65

Morgan Stanley & Co. International

    1/4/2018       21,378       USD       21,202       CHF             (379

Morgan Stanley & Co. International

    1/4/2018       20,181       USD       29,422       NZD             (744

Morgan Stanley & Co. International

    1/4/2018       31,527       USD       46,068       NZD             (1,237

Morgan Stanley & Co. International

    1/4/2018       19,516       USD       26,283       SGD             (151

Morgan Stanley & Co. International

    1/4/2018       30,488       USD       41,244       SGD             (374

Morgan Stanley & Co. International

    1/9/2018       138,314       USD       15,443,753       JPY       1,190        

Morgan Stanley & Co. International

    1/9/2018       216,110       USD       24,482,648       JPY             (1,269
                                            $ 8,552     $ (55,567

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      61  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Japan – 99.6%      
Air Freight & Logistics – 0.1%      

Kintetsu World Express, Inc.

     100      $ 2,073  

Yamato Holdings Co., Ltd.

     100        2,013  
     

 

 

 
Total Air Freight & Logistics               4,086  
Airlines – 0.5%      

ANA Holdings, Inc.

     200        8,355  

Japan Airlines Co., Ltd.

     200        7,826  
     

 

 

 
Total Airlines               16,181  
Auto Components – 4.2%      

Aisan Industry Co., Ltd.

     400        4,698  

Aisin Seiki Co., Ltd.

     200        11,238  

Bridgestone Corp.

     700        32,549  

Daido Metal Co., Ltd.

     300        2,969  

Denso Corp.

     600        36,021  

Eagle Industry Co., Ltd.

     200        3,743  

NGK Spark Plug Co., Ltd.

     100        2,431  

Stanley Electric Co., Ltd.

     100        4,061  

Sumitomo Electric Industries Ltd.

     500        8,455  

Sumitomo Rubber Industries Ltd.(a)

     300        5,582  

Toyo Tire & Rubber Co., Ltd.

     100        2,067  

Toyoda Gosei Co., Ltd.

     100        2,545  

Toyota Boshoku Corp.

     100        2,094  

TS Tech Co., Ltd.

     100        4,115  

Yokohama Rubber Co., Ltd. (The)

     100        2,453  
     

 

 

 
Total Auto Components               125,021  
Automobiles – 10.7%      

Honda Motor Co., Ltd.

     1,500        51,425  

Isuzu Motors Ltd.

     600        10,051  

Mazda Motor Corp.

     400        5,367  

Mitsubishi Motors Corp.

     400        2,890  

Nissan Motor Co., Ltd.

     5,300        52,859  

Subaru Corp.

     600        19,084  

Suzuki Motor Corp.

     200        11,601  

Toyota Motor Corp.

     2,430        155,593  

Yamaha Motor Co., Ltd.

     300        9,840  
     

 

 

 
Total Automobiles               318,710  
Banks – 8.7%      

Aozora Bank Ltd.

     200        7,785  

Chugoku Bank Ltd. (The)

     100        1,338  

Concordia Financial Group Ltd.

     1,000        6,037  

Ehime Bank Ltd. (The)

     400        4,783  

Fukui Bank Ltd. (The)

     100        2,402  

Fukuoka Financial Group, Inc.

     1,000        5,619  

Gunma Bank Ltd. (The)

     500        3,027  

Hachijuni Bank Ltd. (The)

     600        3,446  

Hokuhoku Financial Group, Inc.

     200        3,128  

Iyo Bank Ltd. (The)

     400        3,207  

Kyushu Financial Group, Inc.

     400        2,422  

Mebuki Financial Group, Inc.

     1,070        4,531  

Mitsubishi UFJ Financial Group, Inc.

     9,900        72,626  

Mizuho Financial Group, Inc.

     22,400      40,684  

Musashino Bank Ltd. (The)

     100        3,342  

Nishi-Nippon Financial Holdings, Inc.

     200        2,397  

North Pacific Bank Ltd.

     1,600        5,369  

Oita Bank Ltd. (The)

     100        3,888  

Resona Holdings, Inc.

     2,400        14,340  

Seven Bank Ltd.

     800        2,741  

Sumitomo Mitsui Financial Group, Inc.

     1,200        51,856  

Sumitomo Mitsui Trust Holdings, Inc.

     300        11,912  

Suruga Bank Ltd.

     100        2,146  
     

 

 

 
Total Banks               259,026  
Beverages – 1.2%      

Asahi Group Holdings Ltd.

     200        9,925  

Coca-Cola Bottlers Japan, Inc.

     250        9,132  

Kirin Holdings Co., Ltd.

     500        12,608  

Suntory Beverage & Food Ltd.

     100        4,447  
     

 

 

 
Total Beverages               36,112  
Building Products – 1.6%      

Aica Kogyo Co., Ltd.

     200        7,430  

Asahi Glass Co., Ltd.

     200        8,664  

Daikin Industries Ltd.

     100        11,838  

LIXIL Group Corp.

     300        8,122  

Sanwa Holdings Corp.

     400        5,511  

TOTO Ltd.

     100        5,903  
     

 

 

 
Total Building Products               47,468  
Capital Markets – 2.1%      

Daiwa Securities Group, Inc.

     2,000        12,550  

Ichigo, Inc.(a)

     1,100        4,169  

Ichiyoshi Securities Co., Ltd.

     300        3,425  

IwaiCosmo Holdings, Inc.

     200        2,555  

Japan Exchange Group, Inc.

     600        10,445  

kabu.com Securities Co., Ltd.

     600        1,875  

Matsui Securities Co., Ltd.

     300        2,533  

Nomura Holdings, Inc.

     2,900        17,122  

SBI Holdings, Inc.

     200        4,183  

Tokai Tokyo Financial Holdings, Inc.

     600        3,872  
     

 

 

 
Total Capital Markets               62,729  
Chemicals – 4.6%      

Asahi Kasei Corp.

     1,000        12,903  

Daicel Corp.

     200        2,276  

Hitachi Chemical Co., Ltd.

     100        2,569  

JSR Corp.

     200        3,938  

Kansai Paint Co., Ltd.

     200        5,198  

Kuraray Co., Ltd.

     500        9,436  

Mitsubishi Chemical Holdings Corp.

     1,000        10,977  

Mitsubishi Gas Chemical Co., Inc.

     200        5,743  

Nihon Parkerizing Co., Ltd.

     300        5,063  

Nippon Paint Holdings Co., Ltd.

     100        3,165  

Nippon Valqua Industries Ltd.

     200        5,477  

Nissan Chemical Industries Ltd.

     100        3,990  

Nitto Denko Corp.

     100        8,886  

Shin-Etsu Chemical Co., Ltd.

     200        20,328  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Showa Denko K.K.

     200      $ 8,549  

Sumitomo Chemical Co., Ltd.

     1,000        7,190  

Taiyo Nippon Sanso Corp.

     200        2,800  

Teijin Ltd.

     100        2,228  

Toagosei Co., Ltd.

     300        3,822  

Toray Industries, Inc.

     600        5,659  

Tosoh Corp.

     100        2,267  

Toyobo Co., Ltd.

     100        1,817  

Ube Industries Ltd.

     100        2,943  
     

 

 

 
Total Chemicals               137,224  
Commercial Services & Supplies – 0.9%      

Dai Nippon Printing Co., Ltd.

     500        11,154  

Kokuyo Co., Ltd.

     200        3,716  

Okamura Corp.

     200        2,924  

Park24 Co., Ltd.

     100        2,394  

Secom Co., Ltd.

     100        7,552  
     

 

 

 
Total Commercial Services & Supplies               27,740  
Construction & Engineering – 1.5%      

COMSYS Holdings Corp.

     200        5,797  

Kajima Corp.

     1,000        9,623  

Kinden Corp.

     400        6,526  

Kyowa Exeo Corp.

     200        5,179  

Obayashi Corp.

     500        6,054  

Raito Kogyo Co., Ltd.

     200        2,290  

Taikisha Ltd.

     100        3,382  

Taisei Corp.

     100        4,980  
     

 

 

 
Total Construction & Engineering               43,831  
Construction Materials – 0.1%      

Taiheiyo Cement Corp.

     100        4,319  
Consumer Finance – 0.0%      

J Trust Co., Ltd.(a)

     100        652  
Containers & Packaging – 0.1%      

Toyo Seikan Group Holdings Ltd.

     100        1,607  
Distributors – 0.2%      

Canon Marketing Japan, Inc.

     100        2,703  

Paltac Corp.

     100        4,563  
     

 

 

 
Total Distributors               7,266  
Diversified Consumer Services – 0.2%      

Benesse Holdings, Inc.

     200        7,057  
Diversified Telecommunication Services – 2.1%      

Nippon Telegraph & Telephone Corp.

     1,300        61,174  
Electric Utilities – 0.7%      

Chubu Electric Power Co., Inc.

     300        3,730  

Chugoku Electric Power Co., Inc. (The)

     300        3,225  

Hokkaido Electric Power Co., Inc.

     400        2,635  

Hokuriku Electric Power Co.

     300        2,416  

Kansai Electric Power Co., Inc. (The)

     300        3,675  

Kyushu Electric Power Co., Inc.

     100        1,048  

Shikoku Electric Power Co., Inc.

     200        2,180  

Tohoku Electric Power Co., Inc.

     200        2,558  
     

 

 

 
Total Electric Utilities               21,467  
Electrical Equipment – 1.4%      

Idec Corp.(a)

     300      7,148  

Mitsubishi Electric Corp.

     1,000        16,613  

Nidec Corp.

     100        14,035  

Nitto Kogyo Corp.

     300        4,817  
     

 

 

 
Total Electrical Equipment               42,613  
Electronic Equipment, Instruments & Components – 3.0%  

Alps Electric Co., Ltd.

     100        2,858  

Amano Corp.

     100        2,616  

Azbil Corp.

     100        4,341  

Canon Electronics, Inc.

     300        6,559  

Dexerials Corp.

     200        2,590  

Hamamatsu Photonics K.K.

     100        3,364  

Hitachi High-Technologies Corp.

     100        4,217  

Hitachi Ltd.

     3,000        23,380  

Macnica Fuji Electronics Holdings, Inc.

     100        2,181  

Murata Manufacturing Co., Ltd.

     100        13,422  

Nohmi Bosai Ltd.

     200        3,649  

Oki Electric Industry Co., Ltd.

     100        1,404  

Omron Corp.

     100        5,965  

Satori Electric Co., Ltd.

     300        3,281  

Yaskawa Electric Corp.

     100        4,408  

Yokogawa Electric Corp.

     200        3,831  
     

 

 

 
Total Electronic Equipment, Instruments & Components        88,066  
Food & Staples Retailing – 1.9%      

Aeon Co., Ltd.

     400        6,755  

Aeon Hokkaido Corp.

     1,000        6,951  

Arcs Co., Ltd.

     100        2,333  

Cawachi Ltd.

     100        2,470  

FamilyMart UNY Holdings Co., Ltd.

     55        3,857  

Lawson, Inc.

     100        6,649  

Seven & I Holdings Co., Ltd.

     400        16,628  

United Super Markets Holdings, Inc.

     300        3,047  

Valor Holdings Co., Ltd.

     200        4,676  

Yokohama Reito Co., Ltd.

     300        3,111  
     

 

 

 
Total Food & Staples Retailing               56,477  
Food Products – 1.0%      

Ajinomoto Co., Inc.

     200        3,766  

Hokuto Corp.

     300        5,462  

Itoham Yonekyu Holdings, Inc.

     200        1,830  

Kewpie Corp.

     100        2,668  

MEIJI Holdings Co., Ltd.

     100        8,513  

Toyo Suisan Kaisha Ltd.

     100        4,274  

Yamazaki Baking Co., Ltd.

     200        3,901  
     

 

 

 
Total Food Products               30,414  
Gas Utilities – 0.5%      

Osaka Gas Co., Ltd.

     200        3,852  

Saibu Gas Co., Ltd.

     100        2,501  

Tokyo Gas Co., Ltd.

     400        9,156  
     

 

 

 
Total Gas Utilities               15,509  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      63  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
Health Care Equipment & Supplies – 0.7%      

Hoya Corp.

     200      $ 9,992  

Nihon Kohden Corp.

     100        2,321  

Nipro Corp.

     200        2,969  

Terumo Corp.

     100        4,740  
     

 

 

 
Total Health Care Equipment & Supplies               20,022  
Health Care Providers & Services – 0.7%      

Alfresa Holdings Corp.

     100        2,350  

BML, Inc.

     200        4,980  

Medipal Holdings Corp.

     200        3,918  

Miraca Holdings, Inc.

     100        4,283  

Toho Holdings Co., Ltd.

     200        4,524  
     

 

 

 
Total Health Care Providers & Services               20,055  
Hotels, Restaurants & Leisure – 0.5%      

McDonald’s Holdings Co., Japan Ltd.

     100        4,399  

Resorttrust, Inc.

     100        2,273  

Round One Corp.

     100        1,683  

Skylark Co., Ltd.

     200        2,846  

Tokyo Dome Corp.

     300        3,036  
     

 

 

 
Total Hotels, Restaurants & Leisure               14,237  
Household Durables – 2.5%      

Casio Computer Co., Ltd.

     200        2,878  

Fuji Corp., Ltd.

     400        3,110  

Haseko Corp.

     200        3,109  

Iida Group Holdings Co., Ltd.

     300        5,659  

Nihon House Holdings Co., Ltd.

     700        4,555  

Nikon Corp.

     200        4,030  

Panasonic Corp.

     1,200        17,571  

Sangetsu Corp.

     200        3,688  

Sekisui Chemical Co., Ltd.

     300        6,024  

Sekisui House Ltd.

     600        10,842  

Sony Corp.

     200        9,024  

Sumitomo Forestry Co., Ltd.

     200        3,579  
     

 

 

 
Total Household Durables               74,069  
Household Products – 0.3%      

Pigeon Corp.

     100        3,808  

Unicharm Corp.

     200        5,201  
     

 

 

 
Total Household Products               9,009  
Independent Power & Renewable Electricity Producers – 0.1%     

Electric Power Development Co., Ltd.

     100        2,694  
Industrial Conglomerates – 0.2%      

Nisshinbo Holdings, Inc.

     100        1,356  

Seibu Holdings, Inc.

     200        3,783  
     

 

 

 
Total Industrial Conglomerates               5,139  
Insurance – 4.9%      

Dai-ichi Life Holdings, Inc.

     800        16,504  

Japan Post Holdings Co., Ltd.(a)

     4,400        50,464  

Japan Post Insurance Co., Ltd.

     400        9,420  

MS&AD Insurance Group Holdings, Inc.

     500        16,929  

Sompo Holdings, Inc.

     300        11,622  

Sony Financial Holdings, Inc.

     300        5,316  

T&D Holdings, Inc.

     500      8,553  

Tokio Marine Holdings, Inc.

     600        27,382  
     

 

 

 
Total Insurance               146,190  
Internet & Catalog Retail – 0.2%      

Rakuten, Inc.

     300        2,750  

Start Today Co., Ltd.

     100        3,040  
     

 

 

 
Total Internet & Catalog Retail               5,790  
Internet Software & Services – 0.7%      

GMO Internet, Inc.

     200        3,404  

Mixi, Inc.

     100        4,492  

Yahoo Japan Corp.

     2,900        13,309  
     

 

 

 
Total Internet Software & Services               21,205  
IT Services – 1.3%      

Fujitsu Ltd.

     1,000        7,126  

Itochu Techno-Solutions Corp.

     100        4,341  

Nomura Research Institute Ltd.

     220        10,233  

NS Solutions Corp.

     100        2,738  

NTT Data Corp.

     500        5,943  

Otsuka Corp.

     100        7,670  
     

 

 

 
Total IT Services               38,051  
Leisure Products – 0.7%      

Bandai Namco Holdings, Inc.

     200        6,542  

Sankyo Co., Ltd.

     200        6,294  

Sega Sammy Holdings, Inc.

     300        3,723  

Yamaha Corp.

     100        3,693  
     

 

 

 
Total Leisure Products               20,252  
Machinery – 5.8%      

Aichi Corp.

     400        2,961  

Alinco, Inc.

     400        4,439  

Amada Holdings Co., Ltd.

     500        6,809  

Daifuku Co., Ltd.

     100        5,451  

DMG Mori Co., Ltd.

     100        2,069  

Ebara Corp.

     100        3,813  

FANUC Corp.

     100        24,021  

Giken Ltd.

     200        5,239  

Hino Motors Ltd.

     300        3,888  

Hitachi Construction Machinery Co., Ltd.

     100        3,635  

Komatsu Ltd.

     800        28,960  

Kubota Corp.

     600        11,768  

Kurita Water Industries Ltd.

     200        6,498  

Makita Corp.

     100        4,203  

MINEBEA MITSUMI, Inc.

     100        2,098  

Mitsubishi Heavy Industries Ltd.

     200        7,474  

Miura Co., Ltd.

     200        5,379  

Morita Holdings Corp.

     100        1,883  

Nabtesco Corp.

     100        3,835  

NGK Insulators Ltd.

     100        1,889  

Noritake Co., Ltd.

     100        5,069  

NSK Ltd.

     600        9,449  

NTN Corp.

     1,000        4,962  

Sodick Co., Ltd.

     200        2,603  

Sumitomo Heavy Industries Ltd.

     200        8,469  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Tadano Ltd.

     200      $ 3,322  

THK Co., Ltd.

     100        3,755  
     

 

 

 
Total Machinery               173,941  
Marine – 0.1%      

Mitsui OSK Lines Ltd.

     100        3,338  
Media – 0.9%      

CyberAgent, Inc.

     100        3,906  

Dentsu, Inc.

     200        8,477  

Hakuhodo DY Holdings, Inc.

     300        3,896  

Kadokawa Dwango*

     200        2,470  

Toho Co., Ltd.

     200        6,933  
     

 

 

 
Total Media               25,682  
Metals & Mining – 1.3%      

Godo Steel Ltd.

     200        4,201  

Hitachi Metals Ltd.

     300        4,309  

JFE Holdings, Inc.

     300        7,206  

Kyoei Steel Ltd.

     100        1,909  

Mitsubishi Materials Corp.

     100        3,560  

Nippon Light Metal Holdings Co., Ltd.

     1,500        4,274  

Nippon Steel & Sumitomo Metal Corp.

     500        12,832  
     

 

 

 
Total Metals & Mining               38,291  
Multiline Retail – 0.2%      

J. Front Retailing Co., Ltd.

     200        3,769  

Marui Group Co., Ltd.

     200        3,663  
     

 

 

 
Total Multiline Retail               7,432  
Oil, Gas & Consumable Fuels – 0.9%      

Idemitsu Kosan Co., Ltd.

     100        4,017  

JXTG Holdings, Inc.

     2,850        18,393  

Showa Shell Sekiyu K.K.

     400        5,432  
     

 

 

 
Total Oil, Gas & Consumable Fuels               27,842  
Paper & Forest Products – 0.4%      

Nippon Paper Industries Co., Ltd.

     200        3,803  

Oji Holdings Corp.

     1,000        6,658  
     

 

 

 
Total Paper & Forest Products               10,461  
Personal Products – 0.9%      

Artnature, Inc.

     500        3,475  

Fancl Corp.

     100        2,956  

Kao Corp.

     200        13,527  

Pola Orbis Holdings, Inc.

     100        3,511  

Shiseido Co., Ltd.

     100        4,835  
     

 

 

 
Total Personal Products               28,304  
Pharmaceuticals – 5.1%      

Astellas Pharma, Inc.

     1,600        20,410  

Chugai Pharmaceutical Co., Ltd.

     300        15,366  

Daiichi Sankyo Co., Ltd.

     500        13,036  

Eisai Co., Ltd.

     200        11,391  

KYORIN Holdings, Inc.

     200        3,750  

Kyowa Hakko Kirin Co., Ltd.

     100        1,934  

Mitsubishi Tanabe Pharma Corp.

     400        8,281  

Nichi-iko Pharmaceutical Co., Ltd.

     200        3,088  

Ono Pharmaceutical Co., Ltd.

     300      6,993  

Otsuka Holdings Co., Ltd.

     300        13,177  

Santen Pharmaceutical Co., Ltd.

     100        1,572  

Sawai Pharmaceutical Co., Ltd.

     100        4,474  

Shionogi & Co., Ltd.

     100        5,412  

Sumitomo Dainippon Pharma Co., Ltd.

     200        2,972  

Takeda Pharmaceutical Co., Ltd.

     700        39,776  
     

 

 

 
Total Pharmaceuticals               151,632  
Professional Services – 0.5%      

Recruit Holdings Co., Ltd.

     400        9,942  

TechnoPro Holdings, Inc.

     100        5,433  
     

 

 

 
Total Professional Services               15,375  
Real Estate Management & Development – 2.4%      

Aeon Mall Co., Ltd.

     100        1,957  

Airport Facilities Co., Ltd.

     500        2,930  

Daito Trust Construction Co., Ltd.

     100        20,395  

Daiwa House Industry Co., Ltd.

     400        15,364  

Hulic Co., Ltd.

     300        3,372  

Mitsubishi Estate Co., Ltd.

     300        5,220  

Mitsui Fudosan Co., Ltd.

     300        6,724  

Nomura Real Estate Holdings, Inc.

     100        2,242  

NTT Urban Development Corp.

     200        2,315  

Sun Frontier Fudousan Co., Ltd.

     100        1,137  

Takara Leben Co., Ltd.

     800        3,537  

Tokyo Tatemono Co., Ltd.

     200        2,702  

Tokyu Fudosan Holdings Corp.

     500        3,617  
     

 

 

 
Total Real Estate Management & Development               71,512  
Road & Rail – 1.6%      

East Japan Railway Co.

     200        19,521  

Hankyu Hanshin Holdings, Inc.

     200        8,042  

Nikkon Holdings Co., Ltd.

     200        5,637  

Seino Holdings Co., Ltd.

     400        6,356  

Senko Group Holdings Co., Ltd.

     300        2,168  

West Japan Railway Co.

     100        7,303  
     

 

 

 
Total Road & Rail               49,027  
Semiconductors & Semiconductor Equipment – 1.1%      

Advantest Corp.

     200        3,712  

Mimasu Semiconductor Industry Co., Ltd.

     100        1,918  

SUMCO Corp.

     200        5,128  

Tokyo Electron Ltd.

     100        18,109  

Tokyo Seimitsu Co., Ltd.

     100        3,959  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               32,826  
Software – 1.5%      

Nintendo Co., Ltd.

     50        18,282  

NSD Co., Ltd.

     300        6,402  

Oracle Corp.

     100        8,291  

Square Enix Holdings Co., Ltd.

     100        4,758  

Trend Micro, Inc.

     100        5,673  
     

 

 

 
Total Software               43,406  
Specialty Retail – 1.9%      

ABC-Mart, Inc.

     100        5,743  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      65  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Aoyama Trading Co., Ltd.

     100      $ 3,737  

DCM Holdings Co., Ltd.

     200        1,864  

Fast Retailing Co., Ltd.

     25        9,967  

Geo Holdings Corp.

     300        5,819  

K’s Holdings Corp.

     100        2,565  

Kohnan Shoji Co., Ltd.

     100        2,159  

Nishimatsuya Chain Co., Ltd.

     300        3,337  

Sac’s Bar Holdings, Inc.

     300        3,712  

Sanrio Co., Ltd.

     100        1,674  

T-Gaia Corp.

     100        2,324  

USS Co., Ltd.

     300        6,354  

Yamada Denki Co., Ltd.(a)

     800        4,410  

Yellow Hat Ltd.

     100        3,023  
     

 

 

 
Total Specialty Retail               56,688  
Technology Hardware, Storage & Peripherals – 3.0%      

Brother Industries Ltd.

     200        4,936  

Canon, Inc.

     1,500        55,925  

FUJIFILM Holdings Corp.

     200        8,176  

Konica Minolta, Inc.

     300        2,887  

NEC Corp.

     200        5,397  

Ricoh Co., Ltd.

     400        3,718  

Seiko Epson Corp.

     400        9,441  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               90,480  
Textiles, Apparel & Luxury Goods – 0.1%      

Yondoshi Holdings, Inc.

     100        2,652  
Tobacco – 1.7%      

Japan Tobacco, Inc.

     1,600        51,572  
Trading Companies & Distributors – 5.5%      

ITOCHU Corp.

     1,300        24,269  

Marubeni Corp.

     1,900        13,765  

MISUMI Group, Inc.

     200      5,823  

Mitsubishi Corp.

     1,500        41,451  

Mitsui & Co., Ltd.

     2,000        32,526  

Sojitz Corp.

     1,100        3,379  

Sumitomo Corp.

     1,500        25,499  

Toyota Tsusho Corp.

     200        8,051  

Yamazen Corp.

     500        5,899  

Yuasa Trading Co., Ltd.

     100        3,635  
     

 

 

 
Total Trading Companies & Distributors               164,297  
Wireless Telecommunication Services – 4.6%      

KDDI Corp.

     1,800        44,812  

NTT DOCOMO, Inc.

     3,200        75,590  

SoftBank Group Corp.

     200        15,837  
     

 

 

 
Total Wireless Telecommunication Services               136,239  

TOTAL COMMON STOCKS

(Cost: $2,400,007)

              2,972,459  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%  
United States – 0.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b)

     
(Cost: $13,901)(c)      13,901        13,901  
TOTAL INVESTMENTS IN SECURITIES – 100.1%
(Cost: $2,413,908)
        2,986,360  

Other Assets less Liabilities – (0.1)%

        (2,909
     

 

 

 
NET ASSETS – 100.0%             $ 2,983,451  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(c) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $51,333 and the total market value of the collateral held by the Fund was $53,864. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $39,963.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    1/9/2018       34,595,635       JPY       307,161       USD     $ 10     $  

Bank of America N.A.

    1/9/2018       311,319       USD       34,763,218       JPY       2,660        

Bank of America N.A.

    2/5/2018       521,920       USD       58,712,503       JPY             (62

Bank of Montreal

    1/9/2018       26,358,635       JPY       234,030       USD       6        

Bank of Montreal

    2/5/2018       397,655       USD       44,730,938       JPY             (24

Barclays Bank PLC

    1/9/2018       34,594,929       JPY       307,161       USD       4        

Barclays Bank PLC

    1/9/2018       311,319       USD       34,761,941       JPY       2,671        

Barclays Bank PLC

    2/5/2018       521,920       USD       58,710,728       JPY             (46

Citibank N.A.

    1/9/2018       34,593,516       JPY       307,161       USD             (9

Citibank N.A.

    1/9/2018       311,319       USD       34,763,529       JPY       2,657        

Citibank N.A.

    2/5/2018       521,920       USD       58,710,989       JPY             (48

Credit Suisse International

    1/9/2018       34,594,560       JPY       307,161       USD       1        

Credit Suisse International

    2/5/2018       521,920       USD       58,711,459       JPY             (52

Goldman Sachs

    1/9/2018       311,319       USD       34,760,976       JPY       2,680        

HSBC Holdings PLC

    1/9/2018       2,236,237       JPY       19,799       USD       56        

Morgan Stanley & Co. International

    1/9/2018       237,197       USD       26,484,752       JPY       2,041        
                                            $ 12,786     $ (241

 

CURRENCY LEGEND

JPY – Japanese yen

USD – U.S. dollar

 

See Notes to Financial Statements.

 

66   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Brazil – 5.1%      

AES Tiete Energia S.A.

     1,061      $ 4,078  

Alupar Investimento S.A.

     1,012        5,629  

Ambev S.A.

     29,198        187,312  

B3 S.A. – Brasil Bolsa Balcao

     5,684        39,035  

Banco Bradesco S.A.

     5,717        55,255  

Banco do Brasil S.A.

     5,386        51,666  

Banco Santander Brasil S.A.

     4,039        38,818  

BB Seguridade Participacoes S.A.

     3,075        26,411  

CCR S.A.

     7,404        36,048  

Cia de Saneamento Basico do Estado de Sao Paulo

     1,173        12,140  

Cia Hering

     1,761        13,601  

Cielo S.A.

     6,427        45,571  

Cosan S.A. Industria e Comercio

     588        7,356  

EDP – Energias do Brasil S.A.

     815        3,440  

Embraer S.A.

     466        2,810  

Engie Brasil Energia S.A.

     3,162        33,850  

Equatorial Energia S.A.

     759        15,022  

Estacio Participacoes S.A.

     2,216        21,925  

Ez Tec Empreendimentos e Participacoes S.A.

     1,866        12,179  

Fibria Celulose S.A.

     1,281        18,479  

Fleury S.A.

     817        7,293  

Gerdau S.A.

     1,105        3,454  

Grendene S.A.

     1,411        12,102  

Itau Unibanco Holding S.A.

     5,198        59,061  

JBS S.A.

     1,386        4,099  

Klabin S.A.

     2,750        14,591  

Kroton Educacional S.A.

     4,038        22,399  

Localiza Rent a Car S.A.

     1,856        12,343  

Lojas Renner S.A.

     1,542        16,498  

Mahle-Metal Leve S.A.

     1,517        10,916  

MRV Engenharia e Participacoes S.A.

     1,709        7,749  

Multiplan Empreendimentos Imobiliarios S.A.

     502        10,730  

Multiplus S.A.

     643        6,785  

Natura Cosmeticos S.A.

     245        2,442  

Odontoprev S.A.

     2,932        14,063  

Porto Seguro S.A.

     1,343        14,709  

Qualicorp S.A.

     1,341        12,532  

Raia Drogasil S.A.

     584        16,162  

Smiles Fidelidade S.A.

     969        22,172  

Sul America S.A.

     927        5,215  

TIM Participacoes S.A.

     5,390        21,286  

TOTVS S.A.

     936        8,434  

Transmissora Alianca de Energia Eletrica S.A.

     3,864        24,858  

Ultrapar Participacoes S.A.

     1,169        26,431  

Vale S.A.

     12,762        154,894  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     1,340        7,490  

WEG S.A.

     3,518        25,570  
     

 

 

 
Total Brazil               1,174,903  
Chile – 1.6%      

AES Gener S.A.

     26,599        8,810  

Aguas Andinas S.A. Class A

     19,858      13,155  

Banco de Chile

     254,225        40,760  

Banco de Credito e Inversiones

     278        19,339  

Banco Santander Chile

     515,523        40,397  

CAP S.A.

     1,488        19,018  

Cencosud S.A.

     4,264        12,598  

Cia Cervecerias Unidas S.A.

     637        9,558  

Colbun S.A.

     19,055        4,383  

Empresas COPEC S.A.

     3,399        53,698  

Enel Americas S.A.

     152,489        33,978  

Enel Chile S.A.

     130,862        15,493  

Enel Generacion Chile S.A.

     24,316        22,018  

Inversiones Aguas Metropolitanas S.A.

     5,008        9,511  

Inversiones La Construccion S.A.

     637        12,052  

Ripley Corp. S.A.

     21,333        23,181  

S.A.C.I. Falabella

     2,799        27,919  

Sociedad Matriz del Banco de Chile S.A. Class B

     26,326        13,270  

SONDA S.A.

     1,858        3,698  
     

 

 

 
Total Chile               382,836  
China – 22.2%      

AAC Technologies Holdings, Inc.

     2,500        44,581  

Agricultural Bank of China Ltd. Class H

     200,000        93,127  

Air China Ltd. Class H

     4,000        4,851  

Anhui Conch Cement Co., Ltd. Class H

     6,000        28,207  

Anhui Expressway Co., Ltd. Class H

     8,000        6,672  

ANTA Sports Products Ltd.

     7,000        31,744  

BAIC Motor Corp., Ltd. Class H(a)

     10,500        13,674  

Bank of China Ltd. Class H

     508,000        249,539  

Bank of Communications Co., Ltd. Class H

     147,000        109,066  

BBMG Corp. Class H

     6,000        2,725  

Beijing Capital International Airport Co., Ltd. Class H

     2,000        3,014  

Beijing Enterprises Holdings Ltd.

     3,500        20,774  

Beijing Enterprises Water Group Ltd.*

     18,000        13,931  

Beijing Jingneng Clean Energy Co., Ltd. Class H

     38,000        10,208  

Brilliance China Automotive Holdings Ltd.

     10,000        26,736  

Central China Securities Co., Ltd. Class H

     11,000        4,629  

CGN Power Co., Ltd. Class H(a)(b)

     69,000        18,712  

China Cinda Asset Management Co., Ltd. Class H

     49,000        17,927  

China CITIC Bank Corp., Ltd. Class H

     78,000        48,892  

China Communications Construction Co., Ltd. Class H

     22,000        24,991  

China Communications Services Corp., Ltd. Class H

     14,000        9,384  

China Conch Venture Holdings Ltd.

     6,500        15,050  

China Construction Bank Corp. Class H

     771,000        710,117  

China Eastern Airlines Corp., Ltd. Class H

     10,000        7,253  

China Everbright Bank Co., Ltd. Class H

     23,000        10,739  

China Everbright International Ltd.

     12,000        17,131  

China Galaxy Securities Co., Ltd. Class H

     15,000        11,052  

China Gas Holdings Ltd.

     11,600        32,052  

China International Marine Containers Group Co., Ltd. Class H

     3,700        7,147  

China Jinmao Holdings Group Ltd.

     38,000        16,722  

China Lesso Group Holdings Ltd.

     4,000        2,589  

China Life Insurance Co., Ltd. Class H

     12,000        37,686  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      67  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

China Lilang Ltd.

     12,000      $ 9,686  

China Longyuan Power Group Corp., Ltd. Class H

     11,000        7,824  

China Medical System Holdings Ltd.

     7,000        16,315  

China Mengniu Dairy Co., Ltd.

     7,000        20,819  

China Merchants Bank Co., Ltd. Class H

     13,000        51,719  

China Minsheng Banking Corp., Ltd. Class H

     41,500        41,567  

China Mobile Ltd.

     35,000        354,822  

China National Building Material Co., Ltd. Class H(b)

     12,000        10,730  

China Oilfield Services Ltd. Class H

     8,000        7,788  

China Overseas Land & Investment Ltd.

     16,000        51,476  

China Pacific Insurance Group Co., Ltd. Class H

     7,800        37,467  

China Petroleum & Chemical Corp. Class H

     282,000        206,703  

China Power Clean Energy Development Co., Ltd.

     3,500        1,845  

China Power International Development Ltd.

     88,666        23,252  

China Railway Construction Corp., Ltd. Class H

     9,500        11,010  

China Railway Group Ltd. Class H

     11,000        8,133  

China Railway Signal & Communication Corp., Ltd. Class H(a)

     6,000        4,697  

China Reinsurance Group Corp. Class H

     44,000        10,019  

China Resources Cement Holdings Ltd.

     28,000        18,410  

China Resources Gas Group Ltd.

     2,000        7,253  

China Resources Land Ltd.

     10,000        29,422  

China Resources Pharmaceutical Group Ltd.(a)(b)

     2,000        2,589  

China Resources Power Holdings Co., Ltd.

     22,000        40,976  

China Shenhua Energy Co., Ltd. Class H

     18,000        46,627  

China South City Holdings Ltd.

     46,000        12,063  

China Southern Airlines Co., Ltd. Class H

     8,000        8,259  

China State Construction International Holdings Ltd.

     4,000        5,598  

China Telecom Corp., Ltd. Class H

     74,000        35,214  

China Travel International Investment Hong Kong Ltd.

     28,000        10,423  

China Vanke Co., Ltd. Class H

     4,200        16,763  

China Yongda Automobiles Services Holdings Ltd.

     4,500        5,175  

China ZhengTong Auto Services Holdings Ltd.

     5,500        5,565  

China Zhongwang Holdings Ltd.

     22,400        12,264  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     16,000        11,298  

CIFI Holdings Group Co., Ltd.

     28,000        16,870  

CITIC Ltd.

     28,000        40,403  

CITIC Securities Co., Ltd. Class H

     6,500        13,404  

CITIC Telecom International Holdings Ltd.

     27,000        7,150  

CNOOC Ltd.

     134,000        192,327  

COSCO Shipping Energy Transportation Co., Ltd. Class H

     18,000        9,832  

COSCO Shipping Ports Ltd.

     4,000        4,160  

Cosmo Lady China Holdings Co., Ltd.(a)

     11,000        3,982  

Country Garden Holdings Co., Ltd.

     54,000        102,926  

CPMC Holdings Ltd.

     7,000        5,543  

CRRC Corp., Ltd. Class H

     29,000        31,013  

CSPC Pharmaceutical Group Ltd.

     12,000        24,223  

Dali Foods Group Co., Ltd.(a)

     38,500        34,967  

Dongfeng Motor Group Co., Ltd. Class H

     18,000        21,782  

E-Commodities Holdings Ltd.

     48,000        4,789  

ENN Energy Holdings Ltd.

     1,000        7,132  

Fosun International Ltd.

     11,000        24,372  

Fuyao Glass Industry Group Co., Ltd. Class H(a)

     2,000      8,430  

Geely Automobile Holdings Ltd.

     2,000        6,933  

GF Securities Co., Ltd. Class H

     3,800        7,642  

GOME Retail Holdings Ltd.(b)

     30,000        3,607  

Goodbaby International Holdings Ltd.

     4,000        2,195  

Great Wall Motor Co., Ltd. Class H(b)

     23,000        26,333  

Greatview Aseptic Packaging Co., Ltd.

     9,000        6,562  

Guangdong Investment Ltd.

     24,000        32,113  

Guangzhou Automobile Group Co., Ltd. Class H

     12,000        28,429  

Guangzhou R&F Properties Co., Ltd. Class H

     5,600        12,622  

Guotai Junan International Holdings Ltd.(b)

     12,000        3,761  

Haitian International Holdings Ltd.

     5,000        15,031  

Haitong Securities Co., Ltd. Class H

     8,000        11,605  

Hengan International Group Co., Ltd.

     4,000        44,389  

Hisense Kelon Electrical Holdings Co., Ltd. Class H

     2,000        2,361  

Huadian Fuxin Energy Corp., Ltd. Class H

     22,000        5,375  

Huadian Power International Corp., Ltd. Class H

     28,000        10,172  

Huaneng Power International, Inc. Class H

     66,000        41,370  

Huaneng Renewables Corp., Ltd. Class H

     18,000        6,102  

Huatai Securities Co., Ltd. Class H(a)

     4,600        9,156  

Industrial & Commercial Bank of China Ltd. Class H

     459,000        369,323  

Jiangnan Group Ltd.

     64,000        4,339  

Jiangsu Expressway Co., Ltd. Class H

     8,000        12,178  

Kingboard Laminates Holdings Ltd.

     13,000        20,255  

Kingsoft Corp., Ltd.

     1,000        3,326  

Kunlun Energy Co., Ltd.

     14,000        14,578  

KWG Property Holding Ltd.

     14,500        16,935  

Lee & Man Paper Manufacturing Ltd.

     18,000        21,276  

Legend Holdings Corp. Class H(a)

     1,200        5,511  

Lenovo Group Ltd.

     96,000        54,157  

Longfor Properties Co., Ltd.

     9,500        23,795  

Luye Pharma Group Ltd.(b)

     6,500        5,130  

Metallurgical Corp. of China Ltd. Class H

     14,000        4,119  

MGM China Holdings Ltd.(b)

     2,400        7,261  

New China Life Insurance Co., Ltd. Class H

     600        4,099  

Nine Dragons Paper Holdings Ltd.

     12,000        19,219  

People’s Insurance Co. Group of China Ltd. (The) Class H

     15,000        7,387  

PetroChina Co., Ltd. Class H

     108,000        75,295  

PICC Property & Casualty Co., Ltd. Class H

     16,000        30,742  

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

     14,000        145,690  

Red Star Macalline Group Corp., Ltd. Class H(a)

     2,600        4,211  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     4,000        2,911  

Shanghai Industrial Holdings Ltd.

     6,000        17,193  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     2,900        7,846  

Shenzhen Expressway Co., Ltd. Class H

     4,000        4,058  

Shenzhen International Holdings Ltd.

     10,500        19,986  

Shenzhen Investment Ltd.

     18,000        7,460  

Shenzhou International Group Holdings Ltd.

     6,000        57,104  

Shimao Property Holdings Ltd.

     17,000        36,969  

Shougang Fushan Resources Group Ltd.

     14,000        3,009  

Shui On Land Ltd.

     28,000        7,737  

Sichuan Expressway Co., Ltd. Class H

     12,000        4,375  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Sihuan Pharmaceutical Holdings Group Ltd.

     14,000      $ 5,032  

Sino-Ocean Group Holding Ltd.

     31,500        21,719  

Sinopec Engineering Group Co., Ltd. Class H

     3,500        3,313  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     42,000        23,909  

Sinopharm Group Co., Ltd. Class H

     4,400        19,024  

Sinotrans Ltd. Class H

     14,000        6,859  

SITC International Holdings Co., Ltd.

     13,000        12,838  

Skyworth Digital Holdings Ltd.

     14,000        6,017  

Sun Art Retail Group Ltd.

     18,000        19,019  

Sunac China Holdings Ltd.(b)

     10,000        41,383  

Tencent Holdings Ltd.

     1,800        93,485  

Tingyi Cayman Islands Holding Corp.

     12,000        23,333  

Tong Ren Tang Technologies Co., Ltd. Class H

     5,000        7,228  

TravelSky Technology Ltd. Class H

     1,000        3,000  

Want Want China Holdings Ltd.

     33,000        27,650  

Weichai Power Co., Ltd. Class H

     9,000        9,855  

WH Group Ltd.(a)

     42,500        47,951  

Xingda International Holdings Ltd.

     7,000        2,480  

Xinhua Winshare Publishing and Media Co., Ltd. Class H

     15,000        11,916  

Xinyi Glass Holdings Ltd.*

     24,000        31,254  

Xinyi Solar Holdings Ltd.

     32,000        12,362  

Yanzhou Coal Mining Co., Ltd. Class H

     2,000        2,338  

YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a)

     2,800        9,796  

Yuexiu Property Co., Ltd.

     74,000        13,821  

Yuexiu Transport Infrastructure Ltd.

     8,000        5,874  

Zhejiang Expressway Co., Ltd. Class H

     14,000        15,384  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     800        5,204  

Zijin Mining Group Co., Ltd. Class H

     28,000        10,566  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(b)

     8,400        3,600  
     

 

 

 
Total China               5,137,440  
Czech Republic – 0.6%      

CEZ AS

     4,260        99,487  

Komercni Banka AS

     680        29,266  

Moneta Money Bank AS(a)

     1,077        4,174  

O2 Czech Republic AS

     1,194        15,529  
     

 

 

 
Total Czech Republic               148,456  
Hong Kong – 0.2%      

Chow Tai Fook Jewellery Group Ltd.

     13,400        14,056  

CP Pokphand Co., Ltd.

     38,000        3,014  

Kerry Logistics Network Ltd.

     4,500        6,378  

Kingboard Chemical Holdings Ltd.

     4,500        24,321  

Stella International Holdings Ltd.

     3,500        5,283  
     

 

 

 
Total Hong Kong               53,052  
Hungary – 0.3%      

MOL Hungarian Oil & Gas PLC

     3,044        35,409  

OTP Bank PLC

     700        29,048  
     

 

 

 
Total Hungary               64,457  
India – 6.4%      

Ajanta Pharma Ltd.

     394        9,207  

Alembic Pharmaceuticals Ltd.

     462      3,841  

Amara Raja Batteries Ltd.

     694        9,136  

Ambuja Cements Ltd.

     1,556        6,632  

Apollo Hospitals Enterprise Ltd.

     418        7,890  

Apollo Tyres Ltd.

     1,112        4,673  

Asian Paints Ltd.

     412        7,478  

Aurobindo Pharma Ltd.

     336        3,622  

Axis Bank Ltd. GDR Reg S

     536        23,423  

Bajaj Auto Ltd.

     201        10,498  

Bank of Baroda

     2,118        5,331  

Bharat Heavy Electricals Ltd.

     5,027        7,285  

Bharat Petroleum Corp., Ltd.

     3,296        26,734  

Bharti Airtel Ltd.

     820        6,804  

Bharti Infratel Ltd.

     5,695        33,794  

Cadila Healthcare Ltd.

     794        5,393  

Care Ratings Ltd.

     214        4,467  

Castrol India Ltd.

     1,846        5,588  

Castrol India Ltd.*

     1,846        5,588  

Coal India Ltd.

     18,985        78,212  

CRISIL Ltd.

     208        6,109  

Cummins India Ltd.

     249        3,518  

Dr. Reddy’s Laboratories Ltd.

     216        8,170  

Engineers India Ltd.

     1,537        4,799  

GAIL India Ltd.

     1,640        12,838  

Gateway Distriparks Ltd.

     1,340        4,947  

GHCL Ltd.

     817        4,069  

Glenmark Pharmaceuticals Ltd.

     477        4,445  

Great Eastern Shipping Co., Ltd. (The)

     1,171        7,327  

Greaves Cotton Ltd.

     2,811        6,038  

Gujarat Pipavav Port Ltd.

     2,060        4,405  

HCL Technologies Ltd.

     2,860        39,902  

Hero MotoCorp Ltd.

     474        28,110  

Hindustan Petroleum Corp., Ltd.

     5,080        33,316  

Hindustan Unilever Ltd.

     1,578        33,817  

ICICI Bank Ltd. ADR

     2,062        20,063  

Idea Cellular Ltd.*

     3,438        5,825  

IDFC Bank Ltd.

     3,577        3,040  

Indian Oil Corp., Ltd.

     9,438        57,454  

Infosys Ltd. ADR

     12,028        195,094  

InterGlobe Aviation Ltd.(a)

     329        6,214  

IRB Infrastructure Developers Ltd.

     2,405        8,968  

ITC Ltd.

     10,798        44,535  

Jain Irrigation Systems Ltd.

     2,849        5,613  

Karnataka Bank Ltd. (The)

     1,962        4,662  

KPIT Technologies Ltd.

     2,219        6,284  

Lakshmi Vilas Bank Ltd. (The)

     2,002        4,644  

Larsen & Toubro Ltd. GDR Reg S

     924        17,879  

Lupin Ltd.

     587        8,140  

Mahindra & Mahindra Ltd. GDR

     901        20,993  

Marico Ltd.

     1,024        5,174  

Maruti Suzuki India Ltd.

     184        28,048  

Mindtree Ltd.

     1,043        10,007  

Mphasis Ltd.

     566        6,435  

National Aluminium Co., Ltd.

     1,782        2,401  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      69  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

NHPC Ltd.

     44,645      $ 22,837  

NLC India Ltd.

     3,505        6,019  

NMDC Ltd.

     6,448        13,921  

NTPC Ltd.

     12,722        35,279  

Oil & Natural Gas Corp., Ltd.

     22,587        69,077  

Oil India Ltd.

     1,657        9,644  

Piramal Enterprises Ltd.

     86        3,863  

Power Grid Corp. of India Ltd.

     7,975        25,033  

Reliance Industries Ltd. GDR(a)

     2,276        64,980  

Reliance Infrastructure Ltd.

     1,155        10,022  

SJVN Ltd.

     9,920        5,269  

Sonata Software Ltd.

     1,988        8,673  

State Bank of India GDR Reg S

     233        11,347  

Strides Shasun Ltd.

     195        2,514  

Sun Pharmaceutical Industries Ltd.

     1,542        13,798  

Sun TV Network Ltd.

     314        4,871  

Tata Consultancy Services Ltd.

     1,861        78,758  

Tata Power Co., Ltd. (The)

     7,179        10,516  

Tech Mahindra Ltd.

     2,179        17,208  

Thyrocare Technologies Ltd.(a)

     467        5,115  

Torrent Pharmaceuticals Ltd.

     182        4,045  

Torrent Power Ltd.

     777        3,448  

UPL Ltd.

     805        9,619  

Vedanta Ltd.

     8,923        46,120  

Vedanta Ltd. ADR

     1,761        36,682  

Vijaya Bank

     4,085        4,374  

Wipro Ltd. ADR

     701        3,834  

Wockhardt Ltd.

     344        5,020  

Yes Bank Ltd.

     1,377        6,799  

Zee Entertainment Enterprises Ltd.

     896        8,167  
     

 

 

 
Total India               1,475,731  
Indonesia – 2.5%      

Adaro Energy Tbk PT

     100,500        13,778  

Adhi Karya Persero Tbk PT

     20,100        2,793  

AKR Corporindo Tbk PT

     8,400        3,931  

Astra International Tbk PT

     83,400        51,021  

Bank Central Asia Tbk PT

     22,500        36,318  

Bank Danamon Indonesia Tbk PT

     20,100        10,296  

Bank Mandiri Persero Tbk PT

     32,600        19,222  

Bank Negara Indonesia Persero Tbk PT

     37,900        27,655  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     11,600        2,052  

Bank Rakyat Indonesia Persero Tbk PT

     223,500        59,962  

Bank Tabungan Negara Persero Tbk PT

     23,200        6,105  

Bukit Asam Persero Tbk PT

     25,000        4,533  

Charoen Pokphand Indonesia Tbk PT

     23,100        5,108  

Gudang Garam Tbk PT

     1,400        8,647  

Hanjaya Mandala Sampoerna Tbk PT

     63,700        22,208  

Indo Tambangraya Megah Tbk PT

     11,100        16,935  

Indocement Tunggal Prakarsa Tbk PT

     13,100        21,194  

Indofood CBP Sukses Makmur Tbk PT

     11,900        7,806  

Indofood Sukses Makmur Tbk PT

     20,000        11,240  

Japfa Comfeed Indonesia Tbk PT

     29,500        2,827  

Jasa Marga Persero Tbk PT

     18,100      8,538  

Kalbe Farma Tbk PT

     47,100        5,867  

Matahari Department Store Tbk PT

     25,600        18,869  

Media Nusantara Citra Tbk PT

     32,900        3,116  

Perusahaan Gas Negara Persero Tbk

     232,600        30,002  

PP Persero Tbk PT

     20,200        3,931  

Sawit Sumbermas Sarana Tbk PT

     19,400        2,145  

Semen Indonesia Persero Tbk PT

     21,800        15,907  

Telekomunikasi Indonesia Persero Tbk PT

     179,700        58,807  

Tower Bersama Infrastructure Tbk PT

     5,100        2,415  

Unilever Indonesia Tbk PT

     9,600        39,553  

United Tractors Tbk PT

     13,400        34,963  

Waskita Beton Precast Tbk PT

     210,300        6,324  

Waskita Karya Persero Tbk PT

     32,300        5,261  

Wijaya Karya Persero Tbk PT

     36,800        4,204  
     

 

 

 
Total Indonesia               573,533  
Malaysia – 3.2%      

AirAsia Bhd

     21,700        17,963  

AMMB Holdings Bhd

     5,600        6,102  

Astro Malaysia Holdings Bhd

     13,000        8,512  

Axiata Group Bhd

     17,300        23,469  

Berjaya Sports Toto Bhd

     17,300        9,576  

Bermaz Auto Bhd

     7,100        3,860  

British American Tobacco Malaysia Bhd

     200        1,977  

Bursa Malaysia Bhd

     2,200        5,501  

CIMB Group Holdings Bhd

     17,300        27,957  

Dialog Group Bhd

     7,700        4,776  

DiGi.Com Bhd

     13,100        16,509  

Felda Global Ventures Holdings Bhd

     14,200        5,930  

Fraser & Neave Holdings Bhd

     900        6,004  

Gamuda Bhd

     7,000        8,579  

Genting Malaysia Bhd

     5,600        7,790  

Genting Plantations Bhd

     2,200        5,708  

HAP Seng Consolidated Bhd

     9,300        21,946  

Hartalega Holdings Bhd

     2,800        7,389  

Hong Leong Bank Bhd

     4,100        17,223  

Hong Leong Financial Group Bhd

     1,400        6,185  

IJM Corp. Bhd

     19,700        14,847  

IOI Corp. Bhd

     10,300        11,555  

Kuala Lumpur Kepong Bhd

     3,400        21,003  

Magnum Bhd

     14,200        6,105  

Mah Sing Group Bhd

     7,900        2,830  

Malayan Banking Bhd

     37,200        90,082  

Malaysia Airports Holdings Bhd

     3,300        7,168  

Malaysian Resources Corp. Bhd

     12,300        3,404  

Maxis Bhd

     8,300        12,326  

MISC Bhd

     6,500        11,917  

Nestle Malaysia Bhd

     600        15,300  

Petronas Chemicals Group Bhd

     18,200        34,628  

Petronas Dagangan Bhd

     2,000        11,989  

Petronas Gas Bhd

     1,400        6,047  

Press Metal Aluminium Holdings Bhd

     27,340        36,413  

Public Bank Bhd

     11,100        56,995  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

RHB Bank Bhd

     6,100      $ 7,536  

Sime Darby Bhd

     15,500        8,464  

SP Setia Bhd Group

     5,900        5,831  

Sunway Bhd

     7,649        3,081  

Supermax Corp. Bhd

     13,800        6,820  

Telekom Malaysia Bhd

     16,200        25,219  

Tenaga Nasional Bhd

     20,500        77,299  

Top Glove Corp. Bhd

     7,000        13,820  

Tune Protect Group Bhd

     15,900        4,125  

YTL Corp. Bhd

     65,500        22,173  

YTL Power International Bhd

     19,324        6,160  
     

 

 

 
Total Malaysia               736,093  
Mexico – 2.6%      

Alfa S.A.B. de C.V. Class A

     19,593        21,650  

Alpek S.A.B. de C.V.

     6,817        8,170  

Alsea S.A.B. de C.V.

     1,400        4,606  

America Movil S.A.B. de C.V. Series L

     84,422        73,137  

Arca Continental S.A.B. de C.V.

     1,765        12,262  

Banregio Grupo Financiero S.A.B. de C.V.

     467        2,562  

Bolsa Mexicana de Valores S.A.B. de C.V.

     4,668        8,076  

Coca-Cola Femsa S.A.B. de C.V. Series L

     3,037        21,258  

Concentradora Fibra Danhos S.A. de C.V.

     7,013        10,972  

Corp. Inmobiliaria Vesta S.A.B. de C.V.

     4,085        5,086  

Fomento Economico Mexicano S.A.B. de C.V.

     6,676        63,107  

Gruma S.A.B. de C.V. Class B

     514        6,549  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     3,745        19,461  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     3,512        36,275  

Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B

     385        7,046  

Grupo Bimbo S.A.B. de C.V. Series A

     1,284        2,855  

Grupo Financiero Banorte S.A.B. de C.V. Class O

     16,474        90,792  

Grupo Financiero Inbursa S.A.B. de C.V. Class O

     2,360        3,874  

Grupo Financiero Santander Mexico S.A.B. de C.V. Class B

     15,680        23,025  

Grupo Herdez S.A.B. de C.V.

     1,411        3,294  

Grupo Mexico S.A.B. de C.V. Series B

     13,384        44,402  

Industrias Bachoco S.A.B. de C.V. Series B

     1,528        7,311  

Industrias Penoles S.A.B. de C.V.

     232        4,858  

Infraestructura Energetica Nova S.A.B. de C.V.

     2,817        13,887  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     8,718        15,439  

Macquarie Mexico Real Estate Management S.A. de C.V.*

     5,560        5,897  

Megacable Holdings S.A.B. de C.V. Series CPO

     2,334        9,545  

Mexichem S.A.B. de C.V.

     4,071        10,118  

Nemak S.A.B. de C.V.(a)

     7,706        5,609  

Promotora y Operadora de Infraestructura S.A.B. de C.V.

     834        8,297  

Rassini S.A.B. de C.V.

     1,634        5,888  

Wal-Mart de Mexico S.A.B. de C.V.

     21,607        53,218  
     

 

 

 
Total Mexico               608,526  
Philippines – 0.9%      

Aboitiz Equity Ventures, Inc.

     1,980        2,935  

Aboitiz Power Corp.

     4,800      3,995  

Ayala Corp.

     560        11,386  

Ayala Land, Inc.

     9,800        8,756  

Bank of the Philippine Islands

     1,260        2,729  

BDO Unibank, Inc.

     9,231        30,326  

D&L Industries, Inc.

     13,200        2,925  

DMCI Holdings, Inc.

     47,700        13,760  

Globe Telecom, Inc.

     250        9,515  

International Container Terminal Services, Inc.

     3,980        8,411  

Jollibee Foods Corp.

     1,020        5,169  

Manila Electric Co.

     4,490        29,556  

Manila Water Co., Inc.

     5,100        2,866  

Metropolitan Bank & Trust Co.

     2,080        4,225  

Nickel Asia Corp.

     37,700        4,780  

PLDT, Inc.

     700        20,753  

Semirara Mining & Power Corp.

     10,250        7,556  

SM Investments Corp.

     1,400        27,764  

SM Prime Holdings, Inc.

     17,300        12,996  

Universal Robina Corp.

     2,860        8,651  
     

 

 

 
Total Philippines               219,054  
Poland – 1.0%      

Asseco Poland S.A.

     194        2,455  

Bank Handlowy w Warszawie S.A.

     432        10,180  

Bank Pekao S.A.

     1,236        46,064  

Bank Zachodni WBK S.A.

     196        22,351  

CCC S.A.

     70        5,741  

Energa S.A.

     2,077        7,609  

Eurocash S.A.

     390        2,971  

KGHM Polska Miedz S.A.

     607        19,425  

Polski Koncern Naftowy Orlen S.A.

     1,292        39,413  

Polskie Gornictwo Naftowe i Gazownictwo S.A.

     14,173        25,656  

Powszechny Zaklad Ubezpieczen S.A.

     3,463        42,017  

Warsaw Stock Exchange

     27        365  
     

 

 

 
Total Poland               224,247  
Russia – 7.1%      

Gazprom Neft PJSC ADR

     742        15,953  

Gazprom PJSC ADR

     84,706        373,553  

Lukoil PJSC ADR

     5,868        335,767  

Magnit PJSC GDR Reg S

     362        9,901  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     3,160        30,778  

MegaFon PJSC GDR Reg S

     4,790        44,308  

MMC Norilsk Nickel PJSC ADR

     8,893        166,655  

Mobile TeleSystems PJSC ADR

     8,424        85,841  

Novatek PJSC GDR Reg S

     477        57,335  

Novolipetsk Steel PJSC GDR

     2,831        72,247  

PhosAgro PJSC GDR Reg S

     1,067        16,378  

Rosneft Oil Co. PJSC GDR Reg S

     7,482        37,335  

RusHydro PJSC ADR

     12,970        15,564  

Sberbank of Russia PJSC ADR

     11,052        187,110  

Severstal PJSC GDR Reg S

     3,871        59,536  

Sistema PJSC FC GDR Reg S

     2,205        9,195  

Tatneft PJSC ADR

     2,549        126,074  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      71  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

VTB Bank PJSC GDR Reg S

     4,801      $ 8,786  
     

 

 

 
Total Russia               1,652,316  
Singapore – 0.0%      

IGG, Inc.

     8,000        8,637  
South Africa – 8.1%      

Aeci Ltd.

     1,606        12,973  

African Rainbow Minerals Ltd.

     622        6,745  

AngloGold Ashanti Ltd.

     984        10,223  

Ascendis Health Ltd.

     1,555        2,223  

Aspen Pharmacare Holdings Ltd.

     813        18,224  

Assore Ltd.

     438        12,737  

AVI Ltd.

     3,067        27,390  

Barclays Africa Group Ltd.

     4,346        63,888  

Barloworld Ltd.

     1,773        22,851  

Bid Corp., Ltd.

     1,101        26,768  

Bidvest Group Ltd. (The)

     1,842        32,449  

Capitec Bank Holdings Ltd.

     187        16,585  

Clicks Group Ltd.

     1,227        17,952  

Coronation Fund Managers Ltd.

     2,704        16,141  

Discovery Ltd.

     755        11,343  

EOH Holdings Ltd.

     320        1,743  

Exxaro Resources Ltd.

     1,836        24,099  

FirstRand Ltd.

     24,342        132,229  

Foschini Group Ltd. (The)

     2,374        37,840  

Gold Fields Ltd.

     2,467        10,781  

Harmony Gold Mining Co., Ltd.

     3,062        5,612  

Hyprop Investments Ltd.

     2,447        23,185  

Imperial Holdings Ltd.

     1,096        23,207  

Investec Ltd.

     2,000        14,494  

JSE Ltd.

     932        11,582  

Kumba Iron Ore Ltd.

     627        19,202  

Liberty Holdings Ltd.

     1,521        15,287  

Life Healthcare Group Holdings Ltd.

     13,519        30,303  

MMI Holdings Ltd.

     13,986        23,724  

Mondi Ltd.

     502        12,946  

Mpact Ltd.

     2,017        3,975  

Mr. Price Group Ltd.

     1,836        36,315  

MTN Group Ltd.

     21,647        238,851  

Naspers Ltd. Class N

     133        37,075  

Nedbank Group Ltd.

     1,843        38,125  

Netcare Ltd.

     13,168        26,751  

Omnia Holdings Ltd.

     487        5,818  

Pick n Pay Stores Ltd.

     2,417        13,581  

Pioneer Foods Group Ltd.

     897        9,932  

Rand Merchant Investment Holdings Ltd.

     3,427        12,706  

Raubex Group Ltd.

     2,324        3,743  

Remgro Ltd.

     1,949        37,154  

Resilient REIT Ltd.

     1,138        13,895  

Reunert Ltd.

     2,554        14,874  

RMB Holdings Ltd.

     5,175        33,094  

Sanlam Ltd.

     9,612        67,548  

Santam Ltd.

     474        10,224  

Sappi Ltd.

     1,660        12,001  

Sasol Ltd.

     3,872      133,919  

Shoprite Holdings Ltd.

     2,097        37,467  

SPAR Group Ltd. (The)

     1,614        26,508  

Standard Bank Group Ltd.

     8,926        141,071  

Telkom S.A. SOC Ltd.

     4,450        17,297  

Tiger Brands Ltd.(b)

     1,168        43,399  

Tongaat Hulett Ltd.

     971        8,991  

Truworths International Ltd.

     5,404        41,237  

Tsogo Sun Holdings Ltd.

     7,739        15,228  

Vodacom Group Ltd.

     5,274        62,061  

Wilson Bayly Holmes-Ovcon Ltd.

     407        5,110  

Woolworths Holdings Ltd.

     10,764        56,785  
     

 

 

 
Total South Africa               1,889,461  
South Korea – 11.6%      

Able C&C Co., Ltd.

     184        2,853  

Amorepacific Corp.

     42        11,946  

BGF Co., Ltd.

     26        370  

Binggrae Co., Ltd.

     90        5,305  

BNK Financial Group, Inc.

     745        6,555  

Cheil Worldwide, Inc.

     218        4,317  

CJ CheilJedang Corp.

     16        5,470  

CJ Corp.

     22        3,730  

Coway Co., Ltd.

     564        51,471  

Cuckoo Electronics Co., Ltd.

     25        3,853  

Daelim Industrial Co., Ltd.

     76        5,850  

Daesang Corp.

     302        7,772  

Daesang Holdings Co., Ltd.

     411        3,820  

DB Insurance Co., Ltd.

     131        8,712  

DGB Financial Group, Inc.

     659        6,494  

Dongkuk Steel Mill Co., Ltd.

     298        3,062  

Dongkuk Structures & Construction Co., Ltd.

     467        2,495  

DONGSUNG Corp.

     1,705        8,935  

Doosan Bobcat, Inc.

     83        2,776  

Doosan Corp.

     83        8,761  

Doosan Heavy Industries & Construction Co., Ltd.

     502        7,198  

E-Mart, Inc.

     28        7,088  

Eugene Corp.

     848        3,897  

Grand Korea Leisure Co., Ltd.

     301        8,224  

GS Holdings Corp.

     224        13,015  

GS Retail Co., Ltd.

     259        9,750  

Hana Financial Group, Inc.

     789        36,703  

Hana Tour Service, Inc.

     32        3,079  

Hankook Tire Co., Ltd.

     126        6,426  

Hanon Systems

     1,544        20,047  

Hansol Paper Co., Ltd.

     438        5,728  

Hanwha Chemical Corp.

     123        3,631  

Hanwha Life Insurance Co., Ltd.

     1,372        8,856  

Hite Jinro Co., Ltd.

     544        12,246  

HMC Investment Securities Co., Ltd.

     375        3,818  

Huchems Fine Chemical Corp.

     166        3,807  

Hyosung Corp.

     152        19,807  

Hyundai Department Store Co., Ltd.

     118        11,518  

Hyundai Development Co-Engineering & Construction

     331        11,919  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Hyundai Elevator Co., Ltd.

     50      $ 2,541  

Hyundai Engineering & Construction Co., Ltd.

     274        9,291  

Hyundai Glovis Co., Ltd.

     113        14,355  

Hyundai Marine & Fire Insurance Co., Ltd.

     291        12,776  

Hyundai Motor Co.

     769        112,058  

Hyundai Steel Co.

     210        11,495  

Hyundai Wia Corp.

     91        5,525  

iMarketKorea, Inc.

     425        3,577  

Industrial Bank of Korea

     1,138        17,486  

IS Dongseo Co., Ltd.

     174        5,656  

It’s Hanbul Co., Ltd.

     92        3,902  

Kangwon Land, Inc.

     637        20,707  

KB Financial Group, Inc.

     1,061        62,834  

Kginicis Co., Ltd.

     376        6,603  

Kia Motors Corp.

     2,080        65,088  

Kolon Industries, Inc.

     61        5,071  

Korea Aerospace Industries Ltd.

     197        8,732  

Korea Electric Power Corp.

     1,642        58,514  

Korea Petrochemical Ind Co., Ltd.

     15        3,692  

Korea Zinc Co., Ltd.

     35        16,118  

Korean Reinsurance Co.

     1,057        10,861  

KT Corp. ADR

     1,493        23,306  

KT Skylife Co., Ltd.

     406        5,101  

KT&G Corp.

     925        99,797  

Kumho Industrial Co., Ltd.

     312        2,772  

Kumho Petrochemical Co., Ltd.

     70        6,506  

Kyobo Securities Co., Ltd.

     516        4,372  

LG Chem Ltd.

     117        44,262  

LG Corp.

     384        32,641  

LG Display Co., Ltd.

     447        12,484  

LG Electronics, Inc.

     175        17,328  

LG Hausys Ltd.

     102        9,251  

LG Household & Health Care Ltd.

     12        13,328  

LG International Corp.

     133        3,373  

LG Uplus Corp.

     1,263        16,517  

LIG Nex1 Co., Ltd.

     16        894  

Lotte Chemical Corp.

     28        9,625  

LOTTE Fine Chemical Co., Ltd.

     98        5,941  

Lotte Shopping Co., Ltd.

     37        6,878  

LS Corp.

     163        11,039  

LS Industrial Systems Co., Ltd.

     154        9,365  

Mando Corp.

     21        6,052  

Meritz Fire & Marine Insurance Co., Ltd.

     393        8,627  

Meritz Securities Co., Ltd.

     1,665        7,115  

Mirae Asset Daewoo Co., Ltd.

     839        7,202  

Mirae Asset Life Insurance Co., Ltd.

     812        3,982  

Muhak Co., Ltd.

     355        6,516  

NAVER Corp.

     7        5,689  

NCSoft Corp.

     47        19,646  

NH Investment & Securities Co., Ltd.

     896        11,634  

Paradise Co., Ltd.

     322        6,707  

Partron Co., Ltd.

     552        4,867  

POSCO

     460        142,870  

S-1 Corp.

     63        6,297  

S-Oil Corp.

     384      41,967  

Samsung C&T Corp.

     63        7,415  

Samsung Electro-Mechanics Co., Ltd.

     137        12,797  

Samsung Electronics Co., Ltd.

     328        780,668  

Samsung Fire & Marine Insurance Co., Ltd.

     110        27,434  

Samsung Life Insurance Co., Ltd.

     186        21,631  

Samsung SDS Co., Ltd.

     21        3,923  

Samsung Securities Co., Ltd.

     279        9,538  

Seah Besteel Corp.

     107        2,903  

Shinhan Financial Group Co., Ltd.

     1,742        80,384  

Shinsegae, Inc.

     20        5,605  

SK Chemicals Co., Ltd.

     44        3,461  

SK Gas Ltd.

     47        4,136  

SK Holdings Co., Ltd.

     119        31,458  

SK Hynix, Inc.

     819        58,525  

SK Innovation Co., Ltd.

     357        68,195  

SK Materials Co., Ltd.

     23        3,867  

SK Networks Co., Ltd.

     556        3,454  

SK Telecom Co., Ltd.

     350        87,292  

SKC Co., Ltd.

     109        4,785  

ST Pharm Co., Ltd.

     102        3,149  

Sungwoo Hitech Co., Ltd.

     1,668        10,159  

Tongyang Life Insurance Co., Ltd.

     785        5,573  

Tongyang, Inc.

     1,671        3,098  

Woori Bank

     1,621        23,848  

Yuhan Corp.

     27        5,523  
     

 

 

 
Total South Korea               2,690,958  
Taiwan – 21.1%      

AcBel Polytech, Inc.

     7,000        5,234  

Accton Technology Corp.

     6,000        21,372  

Acer, Inc.*

     20,000        16,231  

Advanced Semiconductor Engineering, Inc.

     49,749        63,778  

Advantech Co., Ltd.

     2,000        14,147  

Aerospace Industrial Development Corp.

     5,000        6,225  

Arcadyan Technology Corp.

     4,000        6,976  

Asia Cement Corp.

     19,000        18,005  

Asustek Computer, Inc.

     9,000        84,531  

Aten International Co., Ltd.

     4,000        11,291  

AU Optronics Corp.

     86,000        35,835  

Catcher Technology Co., Ltd.

     5,000        55,110  

Cathay Financial Holding Co., Ltd.

     48,000        86,295  

Chang Hwa Commercial Bank Ltd.

     9,250        5,144  

Charoen Pokphand Enterprise

     1,000        2,157  

Chaun-Choung Technology Corp.

     1,000        3,303  

Cheng Shin Rubber Industry Co., Ltd.

     19,000        33,520  

Chicony Electronics Co., Ltd.

     8,025        20,225  

Chin-Poon Industrial Co., Ltd.

     5,000        9,762  

China Bills Finance Corp.

     15,000        7,763  

China Development Financial Holding Corp.

     91,000        31,038  

China Life Insurance Co., Ltd.

     16,000        16,103  

China Metal Products

     4,000        3,817  

China Steel Corp.

     81,000        67,367  

China Synthetic Rubber Corp.

     12,500        18,419  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      73  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Chroma ATE, Inc.

     1,000      $ 5,444  

Chung-Hsin Electric & Machinery Manufacturing Corp.

     18,000        13,458  

Chunghwa Telecom Co., Ltd.

     39,000        138,918  

Cleanaway Co., Ltd.

     2,000        11,761  

Clevo Co.

     7,000        6,822  

Compal Electronics, Inc.

     34,000        24,336  

CTBC Financial Holding Co., Ltd.

     113,720        78,339  

CTCI Corp.

     7,000        10,621  

Delta Electronics, Inc.

     13,000        62,688  

Depo Auto Parts Ind Co., Ltd.

     1,000        3,028  

E.Sun Financial Holding Co., Ltd.

     32,031        20,343  

Eclat Textile Co., Ltd.

     1,000        9,997  

Elan Microelectronics Corp.

     5,000        7,746  

Elite Advanced Laser Corp.

     1,000        4,352  

Elite Material Co., Ltd.

     1,000        3,411  

Elite Semiconductor Memory Technology, Inc.

     8,000        11,493  

Eternal Materials Co., Ltd.

     9,668        10,006  

Eva Airways Corp.

     7,000        3,728  

Evergreen International Storage & Transport Corp.

     13,000        6,181  

Everlight Electronics Co., Ltd.

     8,000        12,084  

Far Eastern Department Stores Ltd.

     25,000        12,601  

Far Eastern International Bank

     25,135        8,058  

Far Eastern New Century Corp.

     23,000        20,713  

Far EasTone Telecommunications Co., Ltd.

     15,000        37,048  

Feng Hsin Steel Co., Ltd.

     6,000        11,230  

Feng TAY Enterprise Co., Ltd.

     2,000        9,107  

First Financial Holding Co., Ltd.

     65,729        43,181  

Flytech Technology Co., Ltd.

     2,000        5,504  

Formosa Chemicals & Fibre Corp.

     47,000        162,676  

Formosa International Hotels Corp.

     1,000        5,175  

Formosa Laboratories, Inc.

     1,000        2,319  

Formosa Petrochemical Corp.

     16,000        62,100  

Formosa Plastics Corp.

     46,000        152,568  

Formosan Union Chemical

     13,000        7,929  

Foxconn Technology Co., Ltd.

     9,010        25,796  

Fubon Financial Holding Co., Ltd.

     44,000        74,963  

Gemtek Technology Corp.

     4,000        3,394  

Getac Technology Corp.

     6,000        8,912  

Giant Manufacturing Co., Ltd.

     2,000        10,988  

Gigabyte Technology Co., Ltd.

     9,000        16,332  

Grape King Bio Ltd.

     1,000        6,990  

Great Wall Enterprise Co., Ltd.

     5,000        5,637  

Greatek Electronics, Inc.

     7,000        12,255  

HannStar Display Corp.

     20,000        6,680  

Highwealth Construction Corp.

     15,000        21,322  

Hon Hai Precision Industry Co., Ltd.

     133,100        425,798  

Hotai Motor Co., Ltd.

     2,000        23,792  

Hua Nan Financial Holdings Co., Ltd.

     30,575        17,210  

Huang Hsiang Construction Corp.

     4,000        4,059  

IEI Integration Corp.

     6,000        7,924  

Innolux Corp.

     26,000        10,834  

Inventec Corp.

     40,000        31,924  

Kenda Rubber Industrial Co., Ltd.

     7,020        8,858  

King Yuan Electronics Co., Ltd.

     14,000      14,231  

King’s Town Bank Co., Ltd.

     14,000        17,524  

Kinik Co.

     6,000        17,541  

Kinpo Electronics, Inc.

     25,000        8,863  

Kinsus Interconnect Technology Corp.

     4,000        7,285  

Kung Long Batteries Industrial Co., Ltd.

     1,000        4,822  

LCY Chemical Corp.

     9,000        14,668  

Lien Hwa Industrial Corp.

     7,276        8,949  

Lite-On Technology Corp.

     32,014        43,677  

Long Chen Paper Co., Ltd.

     14,710        20,687  

Makalot Industrial Co., Ltd.

     2,000        8,401  

MediaTek, Inc.

     8,000        79,036  

Mega Financial Holding Co., Ltd.

     86,000        69,503  

Merida Industry Co., Ltd.

     1,000        4,201  

Merry Electronics Co., Ltd.

     4,000        26,144  

Micro-Star International Co., Ltd.

     8,000        20,592  

Namchow Holdings Co., Ltd.

     2,000        4,281  

Nan Kang Rubber Tire Co., Ltd.

     7,000        6,281  

Nan Ya Plastics Corp.

     65,000        170,153  

Nan Ya Printed Circuit Board Corp.*

     8,000        7,017  

Nantex Industry Co., Ltd.

     8,000        6,318  

Nanya Technology Corp.

     12,000        30,727  

Nien Made Enterprise Co., Ltd.

     1,000        10,686  

Novatek Microelectronics Corp.

     7,000        26,698  

Pan-International Industrial Corp.

     5,000        4,259  

Pegatron Corp.

     27,000        65,326  

Posiflex Technology, Inc.

     1,000        4,587  

Pou Chen Corp.

     21,000        27,204  

Powertech Technology, Inc.

     6,000        17,743  

President Chain Store Corp.

     5,000        47,717  

Prince Housing & Development Corp.

     12,000        4,859  

Qisda Corp.

     19,000        13,504  

Quanta Computer, Inc.

     27,000        56,162  

Radiant Opto-Electronics Corp.

     5,000        11,879  

Realtek Semiconductor Corp.

     6,000        21,977  

Rechi Precision Co., Ltd.

     7,000        6,739  

Ruentex Industries Ltd.

     1,000        1,700  

Run Long Construction Co., Ltd.

     5,000        7,225  

ScinoPharm Taiwan Ltd.

     2,000        2,383  

Shin Kong Financial Holding Co., Ltd.

     28,000        9,880  

Shin Zu Shing Co., Ltd.

     2,000        5,041  

Shinkong Synthetic Fibers Corp.

     20,000        6,754  

Sigurd Microelectronics Corp.

     9,000        9,965  

Siliconware Precision Industries Co., Ltd.

     15,000        25,354  

SinoPac Financial Holdings Co., Ltd.

     64,587        20,988  

Sitronix Technology Corp.

     2,000        5,619  

Standard Foods Corp.

     1,000        2,487  

Sunspring Metal Corp.

     4,000        4,994  

Supreme Electronics Co., Ltd.

     7,000        7,033  

Syncmold Enterprise Corp.

     7,000        14,937  

Synnex Technology International Corp.

     21,150        28,820  

Systex Corp.

     5,000        9,964  

Taichung Commercial Bank Co., Ltd.

     29,000        9,657  

Taishin Financial Holding Co., Ltd.

     36,000        16,755  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Taiwan Cement Corp.

     29,000      $ 35,521  

Taiwan Cogeneration Corp.

     9,000        8,090  

Taiwan Cooperative Financial Holding Co., Ltd.

     36,888        20,577  

Taiwan Fertilizer Co., Ltd.

     15,000        19,331  

Taiwan FU Hsing Industrial Co., Ltd.

     7,000        8,845  

Taiwan High Speed Rail Corp.

     7,000        5,528  

Taiwan Hon Chuan Enterprise Co., Ltd.

     4,000        7,729  

Taiwan Mobile Co., Ltd.

     15,000        54,186  

Taiwan PCB Techvest Co., Ltd.

     5,000        5,351  

Taiwan Secom Co., Ltd.

     5,000        15,391  

Taiwan Semiconductor Manufacturing Co., Ltd.

     113,000        871,465  

Taiwan Styrene Monomer

     15,000        11,442  

Teco Electric and Machinery Co., Ltd.

     13,000        12,450  

Tong Hsing Electronic Industries Ltd.

     1,000        4,537  

Tong Yang Industry Co., Ltd.

     2,000        3,871  

Topco Scientific Co., Ltd.

     1,098        2,985  

Transcend Information, Inc.

     2,000        5,558  

Tripod Technology Corp.

     7,000        21,876  

TSRC Corp.

     5,000        6,259  

Tung Ho Steel Enterprise Corp.

     7,000        6,069  

TXC Corp.

     8,000        10,686  

Uni-President Enterprises Corp.

     29,000        64,318  

United Microelectronics Corp.

     70,000        33,402  

USI Corp.

     12,000        6,613  

Walsin Lihwa Corp.

     19,000        11,237  

Wan Hai Lines Ltd.

     6,000        3,881  

Winbond Electronics Corp.

     6,446        5,080  

Wistron Corp.

     28,535        22,965  

Wistron NeWeb Corp.

     5,179        14,880  

WPG Holdings Ltd.

     18,000        23,832  

WT Microelectronics Co., Ltd.

     6,645        10,093  

Yuanta Financial Holding Co., Ltd.

     57,000        26,433  

Yulon Motor Co., Ltd.

     12,000        9,738  

Yulon Nissan Motor Co., Ltd.

     4,000        35,822  

YungShin Global Holding Corp.

     8,000        10,726  

Zeng Hsing Industrial Co., Ltd.

     2,000        8,703  

Zinwell Corp.

     5,000        5,309  
     

 

 

 
Total Taiwan               4,882,857  
Thailand – 3.6%      

Advanced Info Service PCL NVDR

     16,500        96,701  

Airports of Thailand PCL NVDR

     20,400        42,565  

Bangkok Dusit Medical Services PCL NVDR

     7,800        5,002  

Bangkok Expressway & Metro PCL

     49,600        11,719  

Bangkok Land PCL NVDR

     207,600        11,402  

Banpu PCL NVDR

     11,344        6,788  

BTS Group Holdings PCL NVDR

     41,400        10,544  

Bumrungrad Hospital PCL NVDR

     1,200        6,959  

Central Pattana PCL NVDR

     5,800        15,172  

Charoen Pokphand Foods PCL NVDR

     16,800        12,372  

CP ALL PCL NVDR

     14,000        33,078  

Delta Electronics Thailand PCL NVDR

     3,000        6,743  

Electricity Generating PCL NVDR

     2,000        13,256  

Glow Energy PCL NVDR

     5,800        14,460  

Hana Microelectronics PCL NVDR

     7,000      9,558  

Home Product Center PCL NVDR

     38,600        15,160  

Indorama Ventures PCL NVDR

     11,700        19,117  

Intouch Holdings PCL NVDR

     21,100        36,418  

IRPC PCL NVDR

     50,900        11,011  

Jasmine International PCL NVDR

     18,900        4,118  

Kasikornbank PCL NVDR

     4,100        29,187  

Kiatnakin Bank PCL NVDR

     7,000        17,022  

Krung Thai Bank PCL NVDR

     42,500        25,038  

Land & Houses PCL NVDR

     39,600        12,758  

Minor International PCL NVDR

     5,600        7,518  

PTT Exploration & Production PCL NVDR

     10,000        30,684  

PTT Global Chemical PCL NVDR

     18,100        47,208  

PTT PCL NVDR

     7,800        105,308  

Ratchaburi Electricity Generating Holding PCL NVDR

     5,600        9,322  

Robinson PCL NVDR

     5,300        11,872  

Siam Cement PCL (The) NVDR

     1,400        20,792  

Siam City Cement PCL NVDR

     477        3,849  

Siam Commercial Bank PCL (The) NVDR

     6,000        27,616  

Star Petroleum Refining PCL NVDR

     17,000        8,920  

Supalai PCL NVDR

     14,000        10,181  

Thai Oil PCL NVDR

     7,000        22,231  

Thanachart Capital PCL NVDR

     9,100        15,706  

Tipco Asphalt PCL NVDR

     3,900        2,669  

Tisco Financial Group PCL NVDR

     7,000        19,009  

TMB Bank PCL NVDR

     153,500        14,224  

TTW PCL NVDR

     20,500        7,926  
     

 

 

 
Total Thailand               831,183  
Turkey – 1.7%      

Akbank Turk AS

     6,285        16,328  

Akcansa Cimento AS

     1,474        4,230  

Aksa Akrilik Kimya Sanayii AS

     1,312        4,446  

Albaraka Turk Katilim Bankasi AS

     13,662        5,585  

Anadolu Efes Biracilik ve Malt Sanayii AS

     754        4,812  

Arcelik AS

     517        2,934  

BIM Birlesik Magazalar AS

     587        12,091  

Enka Insaat ve Sanayi AS

     9,598        15,264  

Eregli Demir ve Celik Fabrikalari TAS

     23,465        62,011  

Ford Otomotiv Sanayi AS

     1,067        16,955  

Haci Omer Sabanci Holding AS

     3,691        10,825  

Is Gayrimenkul Yatirim Ortakligi AS

     18,538        6,649  

KOC Holding AS

     2,030        9,894  

Kordsa Teknik Tekstil AS

     1,466        2,966  

Petkim Petrokimya Holding AS

     9,470        19,407  

Soda Sanayii AS

     3,490        4,639  

Tat Gida Sanayi AS

     2,161        3,026  

TAV Havalimanlari Holding AS

     1,852        10,971  

Tofas Turk Otomobil Fabrikasi AS

     1,124        9,789  

Trakya Cam Sanayii AS

     3,645        4,441  

Tupras Turkiye Petrol Rafinerileri AS

     2,274        72,869  

Turkcell Iletisim Hizmetleri AS

     12,279        50,132  

Turkiye Garanti Bankasi AS

     3,809        10,769  

Turkiye Halk Bankasi AS

     1,576        4,481  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      75  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Dividend Fund (DVEM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Turkiye Is Bankasi Group C

     6,572      $ 12,081  

Turkiye Sise ve Cam Fabrikalari AS

     4,582        5,680  
     

 

 

 
Total Turkey               383,275  

TOTAL COMMON STOCKS

(Cost: $20,203,264)

              23,137,015  
WARRANTS – 0.0%      
Thailand – 0.0%      
Supalai PCL, expiring 10/19/18*
(Cost: $1,024)
     2,266        1,335  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%  
United States – 0.3%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c)

     
(Cost: $62,944)(d)      62,944        62,944  
TOTAL INVESTMENTS IN SECURITIES – 100.1% (Cost: $20,267,232)         23,201,294  

Other Assets less Liabilities – (0.1)%

        (23,422
     

 

 

 
NET ASSETS – 100.0%             $ 23,177,872  
* 

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 $7,314, which represents 0.03% 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 December 31, 2017 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(d)

At December 31, 2017, the total market value of the Fund’s securities on loan was $135,293 and the total market value of the collateral held by the Fund was $144,712. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $81,768.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

State Street Bank and Trust

    1/2/2018       4,521       USD       15,000       BRL     $     $ (1

State Street Bank and Trust

    1/2/2018       4,005       USD       4,298,000       KRW             (10

State Street Bank and Trust

    1/2/2018       1,250       USD       5,100       MYR             (10

State Street Bank and Trust

    1/2/2018       2,467       USD       73,819       TWD             (13
                                            $     $ (34

 

CURRENCY LEGEND

BRL – Brazilian real

KRW – South Korean won

MYR – Malaysian ringgit

TWD – New Taiwan dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

76   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Europe Domestic Economy Fund (EDOM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.0%      
Austria – 3.2%      

Erste Group Bank AG*

     1,552      $ 67,287  

Oesterreichische Post AG

     712        31,993  

OMV AG

     1,079        68,450  

Raiffeisen Bank International AG*

     1,840        66,726  

UNIQA Insurance Group AG

     4,188        44,355  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     287        8,879  

Voestalpine AG

     824        49,320  

Wienerberger AG

     2,272        55,028  
     

 

 

 
Total Austria               392,038  
Belgium – 4.5%      

Ackermans & van Haaren N.V.

     351        61,178  

Ageas

     991        48,451  

bpost S.A.

     1,624        49,503  

Cofinimmo S.A.

     319        42,040  

D’ieteren S.A./N.V.

     600        27,043  

Econocom Group S.A./N.V.

     4,929        35,258  

Euronav N.V.

     4,328        39,934  

KBC Group N.V.

     1,167        99,649  

Telenet Group Holding N.V.*

     552        38,505  

Tessenderlo Group S.A.*

     167        7,799  

Umicore S.A.

     1,328        62,917  

Warehouses De Pauw CVA

     423        47,457  
     

 

 

 
Total Belgium               559,734  
Finland – 5.1%      

Caverion Oyj*(a)

     5,495        38,865  

Citycon Oyj

     11,730        30,396  

Cramo Oyj

     1,721        40,836  

Metsa Board Oyj

     2,864        24,572  

Neste Oyj

     1,017        65,152  

Nokian Renkaat Oyj

     1,223        55,512  

Outokumpu Oyj

     3,660        34,017  

Ramirent Oyj

     3,728        34,962  

Sampo Oyj Class A

     1,095        60,221  

Sanoma Oyj

     2,487        32,462  

Stora Enso Oyj Class R

     3,680        58,418  

Tieto Oyj

     111        3,463  

UPM-Kymmene Oyj

     3,042        94,645  

Uponor Oyj

     1,775        35,765  

YIT Oyj

     2,711        20,737  
     

 

 

 
Total Finland               630,023  
France – 24.9%      

Accor S.A.

     1,360        70,223  

Aeroports de Paris

     311        59,192  

Air France-KLM*

     2,304        37,571  

Alstom S.A.

     648        26,927  

Alten S.A.

     736        61,520  

Altran Technologies S.A.

     1,919        32,007  

Amundi S.A.(b)

     535        45,387  

Atos SE

     415        60,473  

AXA S.A.

     3,680        109,303  

Beneteau S.A.

     1,735      41,553  

BNP Paribas S.A.

     2,112        157,872  

Bollore S.A.

     5,694        30,959  

Bollore S.A.*

     10        55  

Bouygues S.A.

     1,063        55,283  

Capgemini SE

     519        61,630  

Cie de Saint-Gobain

     1,703        94,027  

Cie Plastic Omnium S.A.

     768        34,947  

CNP Assurances

     2,320        53,642  

Coface S.A.

     3,943        42,206  

Credit Agricole S.A.

     3,951        65,472  

Derichebourg S.A.

     2,992        32,737  

Edenred

     1,407        40,853  

Eiffage S.A.

     680        74,583  

Elior Group S.A.(b)

     1,751        36,217  

Elis S.A.

     991        27,388  

Eurazeo S.A.

     712        65,833  

Europcar Groupe S.A.(b)

     3,696        45,491  

Eutelsat Communications S.A.

     682        15,802  

Faurecia

     1,191        93,146  

Fnac Darty S.A.*

     543        65,660  

Fonciere Des Regions

     391        44,360  

Getlink SE

     2,384        30,688  

JCDecaux S.A.

     1,120        45,195  

Klepierre S.A.

     239        10,522  

Lagardere SCA

     1,592        51,099  

LISI

     600        28,891  

Maisons du Monde S.A.(b)

     519        23,526  

Metropole Television S.A.

     2,040        52,753  

Natixis S.A.

     5,360        42,454  

Nexans S.A.

     455        27,925  

Nexity S.A.*

     608        36,227  

Peugeot S.A.

     3,479        70,831  

Renault S.A.

     551        55,518  

Rexel S.A.

     2,439        44,283  

Societe Generale S.A.

     1,823        94,239  

Sopra Steria Group

     351        65,688  

SPIE S.A.

     1,103        28,748  

Television Francaise 1

     2,407        35,508  

Thales S.A.

     584        63,030  

TOTAL S.A.

     3,872        214,086  

Unibail-Rodamco SE

     120        30,260  

Vicat S.A.

     375        29,625  

Vinci S.A.

     1,320        134,967  

Vivendi S.A.

     1,400        37,691  

Wendel S.A.

     463        80,282  

Worldline S.A.*(b)

     1,384        67,590  
     

 

 

 
Total France               3,083,945  
Germany – 24.8%      

Aareal Bank AG

     856        38,782  

Allianz SE Registered Shares

     871        200,289  

alstria office REIT-AG

     2,023        31,337  

AURELIUS Equity Opportunities SE & Co. KGaA(a)

     351        24,008  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      77  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Europe Domestic Economy Fund (EDOM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Aurubis AG

     287      $ 26,736  

Axel Springer SE

     600        46,925  

BayWa AG

     296        11,399  

Bechtle AG

     920        76,801  

bet-at-home.com AG

     88        10,995  

Bilfinger SE

     1,191        56,584  

Commerzbank AG*

     3,191        47,916  

Continental AG

     239        64,587  

CropEnergies AG

     2,848        26,637  

CTS Eventim AG & Co. KGaA

     1,159        54,034  

Deutsche Bank AG Registered Shares

     3,535        67,387  

Deutsche Boerse AG

     784        91,130  

Deutsche Lufthansa AG Registered Shares

     1,927        71,084  

Deutsche Post AG Registered Shares

     2,759        131,692  

Deutsche Wohnen SE Bearer Shares

     1,296        56,740  

Diebold Nixdorf AG

     79        6,925  

DMG MORI AG

     991        54,764  

Fielmann AG

     544        48,026  

Fraport AG Frankfurt Airport Services Worldwide

     608        67,066  

Fuchs Petrolub SE

     559        27,098  

Hamburger Hafen und Logistik AG

     1,320        37,518  

Hella GmbH & Co. KGaA

     640        39,632  

Hugo Boss AG

     576        49,066  

Indus Holding AG

     688        49,156  

Jenoptik AG

     600        19,846  

KION Group AG

     535        46,242  

Kloeckner & Co. SE

     4,432        54,763  

LEG Immobilien AG

     391        44,740  

Leoni AG

     964        72,221  

MAN SE

     351        40,209  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     359        77,919  

Nemetschek SE

     543        48,798  

Nordex SE*(a)

     3,474        37,019  

PATRIZIA Immobilien AG*

     1,226        28,465  

Pfeiffer Vacuum Technology AG

     199        37,314  

ProSiebenSat.1 Media SE

     991        34,159  

Rheinmetall AG

     584        74,229  

Salzgitter AG

     851        48,636  

Scout24 AG(b)

     1,111        45,426  

Siemens AG Registered Shares

     1,087        151,607  

Sixt SE

     768        68,714  

Stroeer SE & Co. KGaA

     640        47,340  

Takkt AG

     1,047        23,718  

Talanx AG

     744        30,438  

Tele Columbus AG*(b)

     1,911        21,226  

ThyssenKrupp AG

     1,727        50,217  

TLG Immobilien AG

     1,560        41,483  

TUI AG

     1,528        31,504  

United Internet AG Registered Shares

     736        50,677  

Volkswagen AG

     223        45,174  

VTG AG

     680        38,998  

Wacker Neuson SE

     1,919        69,303  

Washtec AG

     303        28,634  

Wirecard AG

     564      63,032  

Wuestenrot & Wuerttembergische AG

     1,474        41,347  

Zalando SE*(b)

     912        48,312  
     

 

 

 
Total Germany               3,076,024  
Ireland – 2.7%      

Bank of Ireland Group PLC*

     4,112        35,033  

Dalata Hotel Group PLC*

     8,920        67,533  

Irish Continental Group PLC

     4,919        34,023  

Kingspan Group PLC

     872        38,119  

Paddy Power Betfair PLC

     526        62,657  

Permanent TSB Group Holdings PLC*

     7,623        20,596  

Ryanair Holdings PLC ADR*

     463        48,240  

Smurfit Kappa Group PLC

     1,039        35,171  
     

 

 

 
Total Ireland               341,372  
Italy – 16.5%      

Anima Holding SpA(b)

     7,823        55,987  

Ansaldo STS SpA*

     2,599        37,451  

Assicurazioni Generali SpA

     2,928        53,442  

ASTM SpA

     935        27,204  

Atlantia SpA

     1,392        43,994  

Azimut Holding SpA

     2,096        40,195  

Banca Generali SpA

     1,247        41,538  

Banca IFIS SpA

     1,199        58,699  

Banca Mediolanum SpA

     3,239        28,062  

Banca Popolare di Sondrio SCPA

     13,474        49,251  

Banco BPM SpA*

     11,778        37,055  

Biesse SpA

     887        45,054  

BPER Banca

     9,632        48,693  

Brembo SpA

     4,671        71,065  

Buzzi Unicem SpA

     2,007        54,225  

Cerved Information Solutions SpA

     4,280        54,478  

CIR-Compagnie Industriali Riunite SpA

     17,254        24,137  

Credito Emiliano SpA

     3,951        33,566  

Datalogic SpA

     1,079        39,932  

De’ Longhi SpA

     1,312        39,749  

Enav SpA(b)

     3,487        18,884  

Eni SpA

     5,200        86,170  

FinecoBank Banca Fineco SpA

     4,103        42,051  

Industria Macchine Automatiche SpA

     367        29,879  

Intesa Sanpaolo SpA

     30,437        101,240  

Intesa Sanpaolo SpA RSP

     15,043        48,049  

Italmobiliare SpA

     864        24,744  

Leonardo SpA

     2,567        30,578  

Mediaset SpA*(a)

     9,699        37,618  

Mediobanca SpA

     3,600        40,895  

OVS SpA(b)

     7,952        53,043  

Poste Italiane SpA(b)

     7,591        57,198  

Prysmian SpA

     1,871        61,088  

RAI Way SpA(b)

     5,479        33,389  

Saras SpA

     10,723        25,804  

Snam SpA

     9,423        46,166  

Societa Cattolica di Assicurazioni SC

     4,071        44,241  

Societa Iniziative Autostradali e Servizi SpA

     2,488        46,367  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Europe Domestic Economy Fund (EDOM)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Technogym SpA(b)

     2,864      $ 27,771  

Tod’s SpA(a)

     408        29,837  

UniCredit SpA*

     3,399        63,590  

Unione di Banche Italiane SpA

     10,681        46,763  

Unipol Gruppo SpA

     13,747        64,544  

UnipolSai Assicurazioni SpA

     12,466        29,145  

Yoox Net-A-Porter Group SpA*(a)

     2,080        72,732  
     

 

 

 
Total Italy               2,045,563  
Netherlands – 7.0%      

Aalberts Industries N.V.

     1,512        76,973  

ABN AMRO Group N.V. CVA(b)

     2,639        85,244  

Aegon N.V.

     7,769        49,584  

Altice N.V. Class A*

     2,592        27,222  

ASR Nederland N.V.

     880        36,250  

Boskalis Westminster

     736        27,778  

Euronext N.V.(b)

     943        58,667  

Flow Traders(b)

     1,215        29,179  

GrandVision N.V.(b)

     1,287        32,910  

IMCD Group N.V.

     680        42,811  

ING Groep N.V.

     8,500        156,419  

Intertrust N.V.(b)

     1,202        22,560  

Koninklijke BAM Groep N.V.

     3,287        15,121  

NN Group N.V.

     1,064        46,149  

PostNL N.V.

     6,290        30,786  

Randstad Holding N.V.

     672        41,348  

Steinhoff International Holdings N.V.

     9,327        3,550  

TKH Group N.V. CVA

     1,119        71,122  

TomTom N.V.*

     2,128        21,094  
     

 

 

 
Total Netherlands               874,767  
Portugal – 1.8%      

Altri, SGPS, S.A.

     4,807        29,848  

Banco Comercial Portugues S.A. Registered Shares*

     163,389        53,366  

Corticeira Amorim, SGPS, S.A.

     1,330        16,450  

Navigator Co. S.A. (The)

     6,736        34,393  

NOS, SGPS, S.A.

     11,641        76,616  

Semapa-Sociedade de Investimento e Gestao

     704        15,043  
     

 

 

 
Total Portugal               225,716  
Spain – 9.0%      

Abertis Infraestructuras S.A.

     1,855        41,320  

Aena SME S.A.(b)

     287        58,242  

Amadeus IT Group S.A.

     1,239        89,431  

Atresmedia Corp. de Medios de Comunicacion S.A.

     4,080        42,624  

Banco de Sabadell S.A.

     16,962        33,729  

Bankia S.A.

     3,215        15,392  

Bankinter S.A.

     5,792        54,973  

Bolsas y Mercados Espanoles SHMSF S.A.

     1,023        32,615  

CaixaBank S.A.

     12,827        59,901  

Cia de Distribucion Integral Logista Holdings S.A.

     1,368        31,490  

Cie Automotive S.A.

     1,671        48,578  

Enagas S.A.

     1,079        30,927  

Ferrovial S.A.

     1,467        33,338  

Fomento de Construcciones y Contratas S.A.*

     2,976        30,826  

Grupo Catalana Occidente S.A.

     1,512      67,069  

Indra Sistemas S.A.*

     2,376        32,540  

Industria de Diseno Textil S.A.

     2,320        80,915  

Liberbank S.A.*

     47,915        25,431  

Mediaset Espana Comunicacion S.A.

     3,439        38,648  

Melia Hotels International S.A.

     3,495        48,263  

NH Hotel Group S.A.

     6,056        43,632  

Parques Reunidos Servicios Centrales SAU(b)

     1,848        32,953  

Repsol S.A.

     3,264        57,792  

Sacyr S.A.*

     14,651        41,502  

Zardoya Otis S.A.

     4,336        47,485  
     

 

 

 
Total Spain               1,119,616  
United Kingdom – 0.5%      

International Consolidated Airlines Group S.A.

     6,720        58,390  

TOTAL COMMON STOCKS

(Cost: $11,741,163)

              12,407,188  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1%  
United States – 1.1%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c)

     
(Cost: $143,812)(d)      143,812        143,812  

TOTAL INVESTMENTS IN SECURITIES – 101.1%

(Cost: $11,884,975)

        12,551,000  

Other Assets less Liabilities – (1.1)%

        (142,006
     

 

 

 
NET ASSETS – 100.0%             $ 12,408,994  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(d) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $148,433 and the total market value of the collateral held by the Fund was $159,148. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $15,336.

 

ADR – American Depositary Receipt

 

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      79  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Global ex-Mexico Equity Fund (XMX)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
Australia – 2.0%      

Aristocrat Leisure Ltd.

     4,761      $ 88,255  

Australia & New Zealand Banking Group Ltd.

     7,252        163,018  

BHP Billiton Ltd.

     9,892        228,784  

Brambles Ltd.

     12,321        97,043  

Commonwealth Bank of Australia

     3,640        228,730  

CSL Ltd.

     1,406        155,388  

Macquarie Group Ltd.

     1,540        120,005  

National Australia Bank Ltd.

     6,496        150,241  

QBE Insurance Group Ltd.

     7,661        63,995  

Telstra Corp., Ltd.

     21,017        59,672  

Westpac Banking Corp.

     7,644        187,434  

Woolworths Group Ltd.

     4,872        104,030  
     

 

 

 
Total Australia               1,646,595  
Austria – 0.1%      

Raiffeisen Bank International AG*

     1,440        52,220  
Belgium – 0.5%      

Ageas

     2,296        112,253  

Anheuser-Busch InBev S.A.

     1,820        203,531  

KBC Group N.V.

     856        73,093  
     

 

 

 
Total Belgium               388,877  
Brazil – 0.5%      

Ambev S.A.

     12,449        79,863  

B3 S.A. – Brasil Bolsa Balcao

     12,058        82,808  

Banco do Brasil S.A.

     2,800        26,860  

BR Malls Participacoes S.A.

     12,758        48,961  

Kroton Educacional S.A.

     8,476        47,016  

Petroleo Brasileiro S.A.*

     9,498        48,419  

Vale S.A.

     6,846        83,091  
     

 

 

 
Total Brazil               417,018  
Canada – 3.3%      

Agrium, Inc.

     832        96,006  

Alimentation Couche-Tard, Inc. Class B

     1,456        76,219  

Bank of Nova Scotia (The)

     1,932        125,084  

Barrick Gold Corp.

     4,353        63,161  

Canadian Imperial Bank of Commerce(a)

     868        84,891  

Canadian National Railway Co.

     1,624        134,345  

Canadian Natural Resources Ltd.

     3,784        135,662  

Canadian Pacific Railway Ltd.

     476        87,249  

Enbridge, Inc.

     4,368        171,380  

George Weston Ltd.

     1,064        92,698  

Hydro One Ltd.(b)

     4,976        88,960  

Industrial Alliance Insurance & Financial Services, Inc.

     2,212        105,608  

Intact Financial Corp.

     1,140        95,526  

Loblaw Cos. Ltd.

     1,260        68,604  

Magna International, Inc.

     1,792        101,889  

Manulife Financial Corp.

     5,152        107,814  

Metro, Inc.

     2,900        93,160  

Potash Corp. of Saskatchewan, Inc.

     4,383        90,182  

Royal Bank of Canada

     2,296        188,104  

Saputo, Inc.

     2,100      75,724  

Shopify, Inc. Class A*

     546        55,391  

SNC-Lavalin Group, Inc.

     1,904        86,694  

Suncor Energy, Inc.

     4,144        152,636  

Toronto-Dominion Bank (The)

     2,448        143,897  

TransCanada Corp.(a)

     2,212        108,009  

Wheaton Precious Metals Corp.

     3,971        88,075  
     

 

 

 
Total Canada               2,716,968  
Chile – 0.1%      

Banco Santander Chile

     694,066        54,387  
China – 2.4%      

AAC Technologies Holdings, Inc.

     2,500        44,581  

Bank of China Ltd. Class H

     255,000        125,261  

China Conch Venture Holdings Ltd.

     42,500        98,403  

China Construction Bank Corp. Class H

     240,000        221,048  

China Evergrande Group*

     15,000        51,712  

China Life Insurance Co., Ltd. Class H

     28,000        87,933  

China Mobile Ltd.

     12,500        126,722  

China Petroleum & Chemical Corp. Class H

     112,000        82,095  

CNOOC Ltd.

     84,000        120,563  

Country Garden Holdings Co., Ltd.

     28,000        53,369  

Hengan International Group Co., Ltd.

     7,500        83,229  

Industrial & Commercial Bank of China Ltd. Class H

     211,000        169,776  

Sunac China Holdings Ltd.(a)

     10,000        41,383  

Sunny Optical Technology Group Co., Ltd.

     5,000        63,897  

Tencent Holdings Ltd.

     12,300        638,814  
     

 

 

 
Total China               2,008,786  
Denmark – 0.7%      

ISS A/S

     3,978        154,170  

Jyske Bank A/S Registered Shares

     685        39,020  

Novo Nordisk A/S Class B

     4,159        224,370  

Pandora A/S

     612        66,674  

Vestas Wind Systems A/S

     872        60,305  
     

 

 

 
Total Denmark               544,539  
Finland – 0.3%      

Elisa Oyj

     3,419        134,333  

Nokia Oyj

     20,020        93,612  
     

 

 

 
Total Finland               227,945  
France – 3.6%      

Accor S.A.

     1,876        96,866  

Air Liquide S.A.

     1,018        128,415  

Airbus SE

     1,530        152,490  

Arkema S.A.

     952        116,088  

Atos SE

     700        102,002  

AXA S.A.

     4,256        126,411  

BNP Paribas S.A.

     2,436        182,091  

Capgemini SE

     952        113,047  

Danone S.A.

     1,367        114,822  

Engie S.A.

     5,768        99,287  

Essilor International Cie Generale d’Optique S.A.

     700        96,622  

Legrand S.A.

     1,400        107,911  

LVMH Moet Hennessy Louis Vuitton SE

     672        198,023  

 

See Notes to Financial Statements.

 

80   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Orange S.A.

     6,048      $ 105,124  

Publicis Groupe S.A.

     1,064        72,379  

Sanofi

     2,212        190,846  

Schneider Electric SE*

     1,568        133,419  

Societe Generale S.A.

     1,932        99,874  

TOTAL S.A.

     4,307        238,138  

Unibail-Rodamco SE

     448        112,971  

Valeo S.A.

     1,316        98,402  

Veolia Environnement S.A.

     3,971        101,447  

Vinci S.A.

     1,400        143,147  

Vivendi S.A.

     3,572        96,165  
     

 

 

 
Total France               3,025,987  
Germany – 3.2%      

adidas AG

     576        115,611  

Allianz SE Registered Shares

     896        206,038  

BASF SE

     2,055        226,382  

Bayer AG Registered Shares

     1,680        209,804  

Daimler AG Registered Shares

     2,128        180,915  

Deutsche Bank AG Registered Shares

     5,432        103,549  

Deutsche Telekom AG Registered Shares

     7,336        130,330  

Deutsche Wohnen SE Bearer Shares

     2,914        127,578  

Fresenius SE & Co. KGaA

     1,288        100,639  

HeidelbergCement AG

     980        106,205  

Infineon Technologies AG

     5,264        144,340  

Linde AG*

     672        157,070  

MTU Aero Engines AG

     726        130,244  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     490        106,352  

RWE AG*

     3,176        64,834  

SAP SE

     2,044        229,367  

Siemens AG Registered Shares

     1,701        237,244  

ThyssenKrupp AG

     2,395        69,640  
     

 

 

 
Total Germany               2,646,142  
Hong Kong – 1.0%      

AIA Group Ltd.

     28,000        238,727  

CK Asset Holdings Ltd.

     14,000        122,318  

CK Hutchison Holdings Ltd.

     13,000        163,138  

CLP Holdings Ltd.

     12,500        127,842  

Hong Kong Exchanges & Clearing Ltd.

     4,600        141,108  
     

 

 

 
Total Hong Kong               793,133  
India – 0.9%      

Axis Bank Ltd.

     10,360        91,536  

IndusInd Bank Ltd.

     5,404        139,605  

Infosys Ltd.

     7,112        116,111  

Larsen & Toubro Ltd.

     5,918        116,663  

Maruti Suzuki India Ltd.

     1,036        157,923  

Reliance Industries Ltd.

     10,696        154,347  
     

 

 

 
Total India               776,185  
Ireland – 0.3%      

Bank of Ireland Group PLC*

     1,999        17,031  

CRH PLC

     847        30,467  

Experian PLC

     3,668        81,176  

Kingspan Group PLC

     1,552      67,846  

Smurfit Kappa Group PLC

     1,747        59,137  
     

 

 

 
Total Ireland               255,657  
Israel – 0.0%      

Teva Pharmaceutical Industries Ltd.

     1,824        34,492  
Italy – 0.7%      

Assicurazioni Generali SpA

     4,900        89,436  

Banco BPM SpA*

     7,657        24,090  

Eni SpA

     7,868        130,381  

Intesa Sanpaolo SpA

     39,868        132,609  

Snam SpA

     26,455        129,610  

UniCredit SpA*

     4,704        88,005  
     

 

 

 
Total Italy               594,131  
Japan – 8.1%      

Ajinomoto Co., Inc.

     3,700        69,664  

Asahi Group Holdings Ltd.

     2,400        119,095  

Astellas Pharma, Inc.

     8,400        107,153  

Bandai Namco Holdings, Inc.

     2,800        91,593  

Bridgestone Corp.

     2,800        130,194  

Daiichi Sankyo Co., Ltd.

     3,900        101,680  

Hitachi Ltd.

     18,000        140,277  

Honda Motor Co., Ltd.

     5,400        185,129  

ITOCHU Corp.

     6,200        115,744  

Japan Exchange Group, Inc.

     4,200        73,113  

Japan Tobacco, Inc.

     2,400        77,358  

Kao Corp.

     2,500        169,086  

KDDI Corp.

     5,600        139,416  

Keyence Corp.

     200        112,064  

Kintetsu Group Holdings Co., Ltd.

     3,100        118,881  

Kirin Holdings Co., Ltd.

     5,300        133,641  

Komatsu Ltd.

     4,200        152,043  

Kubota Corp.

     5,600        109,838  

Mitsubishi Chemical Holdings Corp.

     14,000        153,671  

Mitsubishi Corp.

     5,600        154,752  

Mitsubishi Electric Corp.

     8,400        139,553  

Mitsubishi Heavy Industries Ltd.

     2,300        85,957  

Mitsubishi UFJ Financial Group, Inc.

     31,900        234,018  

Mitsui & Co., Ltd.

     8,400        136,607  

Mizuho Financial Group, Inc.

     70,000        127,137  

Nagoya Railroad Co., Ltd.

     5,500        138,513  

Nikon Corp.

     6,200        124,936  

Nintendo Co., Ltd.

     100        36,565  

Nippon Steel & Sumitomo Metal Corp.

     3,200        82,123  

Nippon Telegraph & Telephone Corp.

     2,800        131,760  

Nisshin Seifun Group, Inc.

     8,400        169,715  

Nomura Holdings, Inc.

     14,000        82,658  

NTT DOCOMO, Inc.

     4,300        101,574  

Odakyu Electric Railway Co., Ltd.

     4,200        89,854  

Oji Holdings Corp.

     28,000        186,418  

Olympus Corp.

     2,500        95,872  

Otsuka Holdings Co., Ltd.

     2,500        109,809  

Panasonic Corp.

     8,400        122,999  

Recruit Holdings Co., Ltd.

     6,100        151,620  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      81  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Seven & I Holdings Co., Ltd.

     2,800      $ 116,399  

Shionogi & Co., Ltd.

     2,100        113,659  

SoftBank Group Corp.

     1,600        126,693  

Sony Corp.

     3,400        153,415  

Subaru Corp.

     2,400        76,336  

Sumitomo Mitsui Financial Group, Inc.

     3,100        133,962  

Sumitomo Mitsui Trust Holdings, Inc.

     2,500        99,268  

Suzuki Motor Corp.

     1,800        104,405  

Tobu Railway Co., Ltd.

     5,600        180,950  

Tokio Marine Holdings, Inc.

     2,800        127,783  

Tokyo Gas Co., Ltd.

     4,200        96,136  

Toshiba Corp.*

     13,000        36,582  

Toyo Suisan Kaisha Ltd.

     3,300        141,052  

Toyota Motor Corp.

     5,600        358,569  

Yakult Honsha Co., Ltd.

     1,000        75,455  
     

 

 

 
Total Japan               6,742,744  
Malaysia – 0.1%      

CIMB Group Holdings Bhd

     21,200        34,259  

Genting Malaysia Bhd

     51,700        71,923  
     

 

 

 
Total Malaysia               106,182  
Netherlands – 1.0%      

Akzo Nobel N.V.

     1,214        106,447  

ASML Holding N.V.

     984        171,507  

ING Groep N.V.

     7,896        145,304  

Koninklijke DSM N.V.

     1,240        118,628  

Koninklijke KPN N.V.

     24,217        84,564  

Koninklijke Philips N.V.

     2,520        95,441  

Wolters Kluwer N.V.

     1,876        97,947  
     

 

 

 
Total Netherlands               819,838  
Norway – 0.2%      

Orkla ASA

     11,943        127,105  
Poland – 0.0%      

Polski Koncern Naftowy Orlen S.A.

     1,330        40,572  
Singapore – 0.4%      

City Developments Ltd.

     5,300        49,534  

DBS Group Holdings Ltd.

     3,400        63,222  

Oversea-Chinese Banking Corp., Ltd.

     4,100        38,012  

Singapore Exchange Ltd.

     16,800        93,529  

United Overseas Bank Ltd.

     800        15,834  

Venture Corp., Ltd.

     4,200        64,332  
     

 

 

 
Total Singapore               324,463  
South Africa – 0.7%      

Barclays Africa Group Ltd.

     741        10,893  

FirstRand Ltd.

     11,592        62,969  

MTN Group Ltd.

     4,889        53,945  

Naspers Ltd. Class N

     816        227,465  

Remgro Ltd.

     2,565        48,896  

Resilient REIT Ltd.

     4,709        57,497  

Sappi Ltd.

     5,025        36,328  

Sasol Ltd.

     1,451        50,185  

Standard Bank Group Ltd.

     3,795        59,978  

Steinhoff International Holdings N.V.

     11,820      4,440  
     

 

 

 
Total South Africa               612,596  
South Korea – 1.4%      

Hyundai Motor Co.

     490        71,403  

KT&G Corp.

     858        92,568  

NAVER Corp.

     140        113,773  

POSCO

     364        113,054  

Samsung Electronics Co., Ltd.

     204        485,537  

Samsung Fire & Marine Insurance Co., Ltd.

     308        76,817  

Shinhan Financial Group Co., Ltd.

     2,828        130,497  

SK Hynix, Inc.

     1,618        115,620  
     

 

 

 
Total South Korea               1,199,269  
Spain – 1.1%      

Banco Bilbao Vizcaya Argentaria S.A.

     15,736        134,387  

Banco Santander S.A.

     35,367        232,686  

Enagas S.A.

     4,144        118,780  

Industria de Diseno Textil S.A.

     2,740        95,564  

Red Electrica Corp. S.A.

     6,132        137,767  

Repsol S.A.

     6,250        110,661  

Telefonica S.A.

     11,648        113,644  
     

 

 

 
Total Spain               943,489  
Sweden – 1.0%      

Assa Abloy AB Class B

     4,564        94,987  

Atlas Copco AB Class A

     3,304        142,935  

Castellum AB

     8,092        136,786  

Hennes & Mauritz AB Class B

     2,619        54,155  

Nordea Bank AB

     6,944        84,219  

Securitas AB Class B

     4,956        86,681  

Telefonaktiebolaget LM Ericsson Class B

     12,113        79,668  

Volvo AB Class B

     6,580        122,719  
     

 

 

 
Total Sweden               802,150  
Switzerland – 2.9%      

ABB Ltd. Registered Shares

     5,236        140,343  

Adecco Group AG Registered Shares

     1,036        79,255  

Cie Financiere Richemont S.A. Registered Shares

     1,372        124,318  

Credit Suisse Group AG Registered Shares*

     6,691        119,470  

Givaudan S.A. Registered Shares

     56        129,412  

LafargeHolcim Ltd. Registered Shares*

     1,764        99,468  

Nestle S.A. Registered Shares

     5,904        507,702  

Novartis AG Registered Shares

     5,124        433,266  

Roche Holding AG Genusschein

     1,429        361,466  

Schindler Holding AG Participation Certificate

     645        148,459  

UBS Group AG Registered Shares*

     8,021        147,662  

Zurich Insurance Group AG

     364        110,787  
     

 

 

 
Total Switzerland               2,401,608  
Taiwan – 1.1%      

Asustek Computer, Inc.

     8,000        75,138  

AU Optronics Corp.

     29,000        12,084  

Catcher Technology Co., Ltd.

     4,000        44,088  

China Development Financial Holding Corp.

     266,000        90,727  

China Life Insurance Co., Ltd.

     68,000        68,437  

E.Sun Financial Holding Co., Ltd.

     41,000        26,040  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Hon Hai Precision Industry Co., Ltd.

     33,000      $ 105,570  

Innolux Corp.

     42,000        17,501  

MediaTek, Inc.

     5,000        49,398  

Pegatron Corp.

     14,000        33,873  

Quanta Computer, Inc.

     16,000        33,281  

Taishin Financial Holding Co., Ltd.

     69,000        32,113  

Taiwan Semiconductor Manufacturing Co., Ltd.

     32,000        246,787  

United Microelectronics Corp.

     53,000        25,290  

Yuanta Financial Holding Co., Ltd.

     30,000        13,912  
     

 

 

 
Total Taiwan               874,239  
Thailand – 0.1%      

PTT Global Chemical PCL NVDR

     29,700        77,462  
United Kingdom – 6.4%      

Anglo American PLC

     4,683        98,160  

AstraZeneca PLC

     2,672        185,101  

Babcock International Group PLC

     7,336        70,012  

BAE Systems PLC

     9,688        75,094  

Barclays PLC

     35,278        96,924  

BHP Billiton PLC

     6,412        132,059  

BP PLC

     34,743        245,662  

British American Tobacco PLC

     4,327        293,721  

BT Group PLC

     21,975        80,767  

Bunzl PLC

     3,052        85,544  

Carnival PLC

     1,400        92,647  

Centrica PLC

     24,159        44,871  

Compass Group PLC

     6,354        137,526  

Diageo PLC

     5,047        186,045  

Fiat Chrysler Automobiles N.V.*

     3,120        55,860  

GKN PLC

     19,880        85,895  

GlaxoSmithKline PLC

     9,072        162,299  

HSBC Holdings PLC

     36,171        375,247  

Imperial Brands PLC

     2,632        112,724  

Intertek Group PLC

     1,624        114,017  

ITV PLC

     27,239        60,983  

Kingfisher PLC

     16,248        74,225  

Land Securities Group PLC

     6,034        82,278  

Lloyds Banking Group PLC

     154,281        142,044  

National Grid PLC

     9,716        115,017  

Pennon Group PLC

     7,448        78,889  

Prudential PLC

     6,692        172,497  

Reckitt Benckiser Group PLC

     1,537        143,858  

Rentokil Initial PLC

     32,671        140,542  

Rio Tinto PLC

     3,360        179,173  

Royal Dutch Shell PLC Class A

     16,685        559,752  

Smith & Nephew PLC

     5,180        90,253  

St. James’s Place PLC

     7,140        118,415  

Standard Chartered PLC*

     6,429        67,844  

Unilever N.V. CVA

     3,362        189,562  

Unilever PLC

     2,908        162,289  

Vodafone Group PLC

     57,035        181,312  
     

 

 

 
Total United Kingdom               5,289,108  
United States – 55.8%      

3M Co.

     980        230,663  

Abbott Laboratories

     3,528      201,343  

AbbVie, Inc.

     3,382        327,073  

Activision Blizzard, Inc.

     2,156        136,518  

Adobe Systems, Inc.*

     1,204        210,989  

AES Corp.

     5,685        61,569  

Aetna, Inc.

     818        147,559  

Aflac, Inc.

     1,120        98,314  

Agilent Technologies, Inc.

     1,670        111,840  

Air Products & Chemicals, Inc.

     728        119,450  

Alexion Pharmaceuticals, Inc.*

     588        70,319  

Alliant Energy Corp.

     2,576        109,763  

Allstate Corp. (The)

     982        102,825  

Alphabet, Inc. Class A*

     797        839,560  

Alphabet, Inc. Class C*

     323        337,987  

Altria Group, Inc.

     3,530        252,077  

Amazon.com, Inc.*

     755        882,950  

American Airlines Group, Inc.

     1,356        70,553  

American Express Co.

     1,568        155,718  

American International Group, Inc.

     1,848        110,104  

American Tower Corp.

     958        136,678  

AmerisourceBergen Corp.

     770        70,701  

Amgen, Inc.

     1,488        258,763  

Anadarko Petroleum Corp.

     1,323        70,966  

Analog Devices, Inc.

     1,288        114,671  

ANSYS, Inc.*

     924        136,373  

Anthem, Inc.

     616        138,606  

Apache Corp.

     1,497        63,203  

Apple, Inc.

     9,772        1,653,716  

Applied Materials, Inc.

     3,484        178,102  

Archer-Daniels-Midland Co.

     1,624        65,090  

Arrow Electronics, Inc.*

     1,204        96,814  

Arthur J. Gallagher & Co.

     1,624        102,767  

Aspen Technology, Inc.*

     1,456        96,387  

AT&T, Inc.

     11,424        444,165  

Autodesk, Inc.*

     798        83,654  

Automatic Data Processing, Inc.

     980        114,846  

AvalonBay Communities, Inc.

     657        117,215  

Baker Hughes Co.

     1,543        48,821  

Bank of America Corp.

     19,676        580,836  

Bank of New York Mellon Corp. (The)

     2,380        128,187  

Baxter International, Inc.

     1,764        114,025  

Becton, Dickinson and Co.

     802        171,654  

Berkshire Hathaway, Inc. Class B*

     3,068        608,139  

Biogen, Inc.*

     504        160,559  

Boeing Co. (The)

     1,064        313,784  

Boston Scientific Corp.*

     4,200        104,118  

Brighthouse Financial, Inc.*

     1        59  

Bristol-Myers Squibb Co.

     3,514        215,338  

BWX Technologies, Inc.

     1,932        116,867  

CA, Inc.

     2,828        94,116  

Cabot Oil & Gas Corp.

     1,581        45,217  

Capital One Financial Corp.

     1,316        131,047  

Cardinal Health, Inc.

     1,176        72,054  

CarMax, Inc.*

     701        44,955  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      83  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Caterpillar, Inc.

     1,420      $ 223,764  

CBS Corp. Class B Non-Voting Shares

     1,260        74,340  

CDW Corp.

     1,062        73,798  

Celgene Corp.*

     1,925        200,893  

Charles Schwab Corp. (The)

     2,632        135,206  

Charter Communications, Inc. Class A*

     447        150,174  

Chemours Co. (The)

     1,129        56,518  

Chevron Corp.

     3,416        427,649  

Chipotle Mexican Grill, Inc.*

     134        38,730  

Church & Dwight Co., Inc.

     1,737        87,145  

Cigna Corp.

     631        128,150  

Cimarex Energy Co.

     571        69,668  

Cisco Systems, Inc.

     9,968        381,774  

CIT Group, Inc.

     1,632        80,343  

Citigroup, Inc.

     5,032        374,431  

Citizens Financial Group, Inc.

     2,212        92,860  

Citrix Systems, Inc.*

     1,232        108,416  

CME Group, Inc.

     672        98,146  

Coca-Cola Co. (The)

     5,656        259,497  

Cognizant Technology Solutions Corp. Class A

     1,764        125,279  

Colgate-Palmolive Co.

     1,583        119,437  

Comcast Corp. Class A

     8,904        356,605  

Comerica, Inc.

     1,092        94,797  

Conagra Brands, Inc.

     1,960        73,833  

Concho Resources, Inc.*

     612        91,935  

ConocoPhillips

     2,940        161,377  

Constellation Brands, Inc. Class A

     455        103,999  

Corning, Inc.

     3,752        120,026  

Costco Wholesale Corp.

     741        137,915  

Crown Castle International Corp.

     1,245        138,207  

CSX Corp.

     2,156        118,602  

Cummins, Inc.

     588        103,864  

CVS Health Corp.

     2,212        160,370  

D.R. Horton, Inc.

     2,356        120,321  

DaVita, Inc.*

     884        63,869  

Deere & Co.

     700        109,557  

Delta Air Lines, Inc.

     2,044        114,464  

Dentsply Sirona, Inc.

     1,065        70,109  

Devon Energy Corp.

     1,976        81,806  

Digital Realty Trust, Inc.

     515        58,658  

Dollar General Corp.

     980        91,150  

Dollar Tree, Inc.*

     807        86,599  

Dover Corp.

     1,064        107,453  

DowDuPont, Inc.

     4,914        349,975  

Duke Energy Corp.

     1,372        115,399  

DXC Technology Co.

     788        74,781  

E*TRADE Financial Corp.*

     1,820        90,217  

Eaton Vance Corp.

     1,960        110,524  

eBay, Inc.*

     2,856        107,785  

Electronic Arts, Inc.*

     924        97,075  

Eli Lilly & Co.

     1,932        163,177  

Emerson Electric Co.

     2,016        140,495  

EOG Resources, Inc.

     1,118        120,643  

EPR Properties

     1,344        87,978  

Equinix, Inc.

     266      120,557  

Estee Lauder Cos., Inc. (The) Class A

     936        119,097  

Exelon Corp.

     2,576        101,520  

Expeditors International of Washington, Inc.

     1,428        92,377  

Express Scripts Holding Co.*

     1,652        123,305  

Exxon Mobil Corp.

     7,644        639,344  

F5 Networks, Inc.*

     603        79,126  

Facebook, Inc. Class A*

     4,396        775,718  

FedEx Corp.

     532        132,755  

Fifth Third Bancorp

     3,500        106,190  

First Republic Bank

     812        70,352  

FirstEnergy Corp.

     2,296        70,304  

FleetCor Technologies, Inc.*

     374        71,969  

Fluor Corp.

     1,323        68,333  

Ford Motor Co.

     9,744        121,703  

Freeport-McMoRan, Inc.*

     4,167        79,006  

Gartner, Inc.*

     756        93,101  

General Dynamics Corp.

     644        131,022  

General Electric Co.

     16,128        281,434  

General Motors Co.

     2,382        97,638  

Gentex Corp.

     4,088        85,644  

Genuine Parts Co.

     1,036        98,430  

Gilead Sciences, Inc.

     2,716        194,574  

Goldman Sachs Group, Inc. (The)

     672        171,199  

Great Plains Energy, Inc.

     2,660        85,758  

Halliburton Co.

     2,677        130,825  

Hartford Financial Services Group, Inc. (The)

     1,540        86,671  

Hasbro, Inc.

     896        81,437  

HCA Healthcare, Inc.*

     425        37,332  

Healthcare Realty Trust, Inc.

     3,136        100,728  

Hess Corp.

     1,527        72,487  

Hewlett Packard Enterprise Co.

     4,424        63,529  

Hexcel Corp.

     1,484        91,785  

Home Depot, Inc. (The)

     2,268        429,854  

Honeywell International, Inc.

     1,344        206,116  

HP, Inc.

     4,104        86,225  

Humana, Inc.

     364        90,297  

Huntington Bancshares, Inc.

     6,076        88,467  

Illumina, Inc.*

     406        88,707  

Intel Corp.

     8,204        378,697  

Intercontinental Exchange, Inc.

     1,260        88,906  

International Business Machines Corp.

     1,566        240,256  

International Paper Co.

     1,596        92,472  

Intuit, Inc.

     840        132,535  

Intuitive Surgical, Inc.*

     415        151,450  

Investors Bancorp, Inc.

     6,972        96,771  

IQVIA Holdings, Inc.*

     855        83,704  

J.M. Smucker Co. (The)

     485        60,256  

Jack Henry & Associates, Inc.

     1,176        137,545  

Jacobs Engineering Group, Inc.

     1,428        94,191  

Johnson & Johnson

     4,816        672,892  

JPMorgan Chase & Co.

     6,272        670,728  

KeyCorp

     4,312        86,973  

Kimberly-Clark Corp.

     980        118,247  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global ex-Mexico Equity Fund (XMX)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Kinder Morgan, Inc.

     4,806      $ 86,844  

Kraft Heinz Co. (The)

     1,036        80,559  

Kroger Co. (The)

     2,070        56,821  

Lear Corp.

     560        98,930  

Liberty Interactive Corp., QVC Group Class A*

     2,647        64,640  

Liberty Media Corp – Liberty SiriusXM Class A*

     1,972        78,210  

Lincoln National Corp.

     1,148        88,247  

LKQ Corp.*

     2,699        109,768  

Lockheed Martin Corp.

     532        170,799  

Lowe’s Cos., Inc.

     1,966        182,720  

M&T Bank Corp.

     504        86,179  

Marathon Petroleum Corp.

     1,512        99,762  

MarketAxess Holdings, Inc.

     226        45,595  

Marriott International, Inc. Class A

     1,052        142,788  

Masco Corp.

     2,464        108,268  

MasterCard, Inc. Class A

     1,820        275,475  

Maxim Integrated Products, Inc.

     1,484        77,584  

McCormick & Co., Inc. Non-Voting Shares

     500        50,955  

McDonald’s Corp.

     1,550        266,786  

McKesson Corp.

     564        87,956  

Merck & Co., Inc.

     5,180        291,479  

MetLife, Inc.

     2,268        114,670  

Mettler-Toledo International, Inc.*

     159        98,504  

MGM Resorts International

     2,379        79,435  

Microchip Technology, Inc.

     1,456        127,953  

Micron Technology, Inc.*

     2,805        115,342  

Microsoft Corp.

     14,560        1,245,462  

Mohawk Industries, Inc.*

     420        115,878  

Mondelez International, Inc. Class A

     3,194        136,703  

Monsanto Co.

     992        115,846  

Moody’s Corp.

     656        96,832  

Morgan Stanley

     2,873        150,746  

MSCI, Inc.

     917        116,037  

National Retail Properties, Inc.

     1,904        82,120  

Netflix, Inc.*

     853        163,742  

Newell Brands, Inc.

     1,087        33,588  

Newmont Mining Corp.

     1,491        55,942  

NextEra Energy, Inc.

     980        153,066  

NIKE, Inc. Class B

     2,981        186,462  

Norfolk Southern Corp.

     728        105,487  

Northrop Grumman Corp.

     448        137,496  

Nucor Corp.

     1,288        81,891  

NVIDIA Corp.

     1,225        237,037  

O’Reilly Automotive, Inc.*

     369        88,759  

Occidental Petroleum Corp.

     1,755        129,273  

Omnicom Group, Inc.

     1,120        81,570  

Oracle Corp.

     5,488        259,473  

PayPal Holdings, Inc.*

     2,541        187,068  

People’s United Financial, Inc.

     5,012        93,724  

PepsiCo, Inc.

     2,184        261,905  

Pfizer, Inc.

     11,424        413,777  

PG&E Corp.

     1,456        65,272  

Philip Morris International, Inc.

     2,622        277,014  

Phillips 66

     1,092        110,456  

Pinnacle West Capital Corp.

     1,625      138,417  

Pioneer Natural Resources Co.

     477        82,449  

PNC Financial Services Group, Inc. (The)

     1,064        153,525  

Pool Corp.

     420        54,453  

Portland General Electric Co.

     2,476        112,856  

PPG Industries, Inc.

     1,064        124,296  

PPL Corp.

     2,363        73,135  

Priceline Group, Inc. (The)*

     98        170,299  

Principal Financial Group, Inc.

     1,596        112,614  

Procter & Gamble Co. (The)

     4,732        434,776  

Progressive Corp. (The)

     1,645        92,646  

Prologis, Inc.

     2,112        136,245  

Prudential Financial, Inc.

     1,120        128,778  

Public Service Enterprise Group, Inc.

     2,016        103,824  

Public Storage

     504        105,336  

QUALCOMM, Inc.

     3,136        200,767  

Raytheon Co.

     700        131,495  

Realty Income Corp.

     1,456        83,021  

Red Hat, Inc.*

     948        113,855  

Regency Centers Corp.

     1,441        99,688  

Regeneron Pharmaceuticals, Inc.*

     237        89,103  

Regions Financial Corp.

     5,713        98,721  

Rockwell Automation, Inc.

     700        137,445  

Rockwell Collins, Inc.

     808        109,581  

Roper Technologies, Inc.

     448        116,032  

Ross Stores, Inc.

     1,377        110,504  

S&P Global, Inc.

     813        137,722  

salesforce.com, Inc.*

     1,680        171,746  

SCANA Corp.

     1,260        50,123  

Sempra Energy

     952        101,788  

Service Corp. International

     2,996        111,811  

Sherwin-Williams Co. (The)

     323        132,443  

Simon Property Group, Inc.

     784        134,644  

Snap-on, Inc.

     392        68,326  

Southwest Airlines Co.

     1,400        91,630  

Southwest Gas Holdings, Inc.

     924        74,364  

Starbucks Corp.

     3,159        181,421  

State Street Corp.

     1,064        103,857  

Stryker Corp.

     728        112,724  

SunTrust Banks, Inc.

     1,820        117,554  

Synchrony Financial

     2,016        77,838  

Synopsys, Inc.*

     1,820        155,137  

Sysco Corp.

     1,293        78,524  

T. Rowe Price Group, Inc.

     1,120        117,522  

Target Corp.

     1,512        98,658  

Tesla, Inc.*

     348        108,350  

Texas Instruments, Inc.

     1,988        207,627  

Thermo Fisher Scientific, Inc.

     835        158,550  

Time Warner, Inc.

     1,540        140,864  

Tractor Supply Co.

     900        67,275  

Travelers Cos., Inc. (The)

     644        87,352  

Twenty-First Century Fox, Inc. Class A

     3,808        131,490  

U.S. Bancorp

     2,184        117,019  

Union Pacific Corp.

     1,568        210,269  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      85  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Global ex-Mexico Equity Fund (XMX)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

United Continental Holdings, Inc.*

     568      $ 38,283  

United Parcel Service, Inc. Class B

     824        98,180  

United Technologies Corp.

     1,372        175,026  

UnitedHealth Group, Inc.

     1,736        382,719  

Unum Group

     1,848        101,437  

Valero Energy Corp.

     1,204        110,660  

Ventas, Inc.

     1,179        70,752  

Verizon Communications, Inc.

     7,728        409,043  

Vertex Pharmaceuticals, Inc.*

     716        107,300  

Visa, Inc. Class A

     3,416        389,492  

Vulcan Materials Co.

     560        71,887  

W.W. Grainger, Inc.

     261        61,661  

Wal-Mart Stores, Inc.

     2,489        245,789  

Walgreens Boots Alliance, Inc.

     1,652        119,968  

Walt Disney Co. (The)

     2,576        276,946  

Wells Fargo & Co.

     8,144        494,096  

Welltower, Inc.

     1,540        98,206  

Western Digital Corp.

     868        69,032  

Weyerhaeuser Co.

     3,080        108,601  

Wynn Resorts Ltd.

     234      39,450  

Zimmer Biomet Holdings, Inc.

     629        75,901  

Zions Bancorp

     2,156        109,589  

Zoetis, Inc.

     1,596        114,976  
     

 

 

 
Total United States               46,268,367  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $77,119,318)
        82,812,254  

Other Assets less Liabilities – 0.1%

        121,041  
     

 

 

 
NET ASSETS – 100.0%             $ 82,933,295  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2). At December 31, 2017, the total market value of the Fund’s securities on loan was $220,520 and the total market value of the collateral held by the Fund was $231,466. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $231,466.

 

(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.

CVA – Certificaten Van Aandelen (Certificate of Stock)

NVDR – Non-Voting Depositary Receipt

 

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
 

Banco De Investimentos Credit Suisse (Brasil) S.A.

    1/3/2018       29,694       USD       98,286       BRL     $ 64     $  

Citibank N.A.

    1/3/2018       82,465       USD       88,650,447       KRW             (343

State Street Bank and Trust

    1/2/2018       7,780       USD       31,726       MYR             (60
                                            $ 64     $ (403

 

CURRENCY LEGEND

BRL – Brazilian real

KRW – South Korean won

MYR – Malaysian ringgit

USD – U.S. dollar

 

See Notes to Financial Statements.

 

86   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2017

 

  

 

 

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

WisdomTree Global SmallCap Dividend Fund(a)(b)

(Cost: $11,588,349)

     474,543      $ 15,693,137  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 10.9%  
United States – 10.9%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c)

     
(Cost: $1,711,125)(d)      1,711,125        1,711,125  
TOTAL INVESTMENTS IN SECURITIES – 110.9%
(Cost: $13,299,474)
      $ 17,404,262  

Other Assets less Liabilities – (10.9)%

        (1,709,026
     

 

 

 
NET ASSETS – 100.0%             $ 15,695,236  
(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(d) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $1,676,649 and the total market value of the collateral held by the Fund was $1,711,125.

 

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
 

BNP Paribas SA

    1/3/2018       40,000       SEK       4,879       USD     $ 6     $  

Bank of America N.A.

    1/3/2018       186,150       AUD       145,593       USD       4        

Bank of America N.A.

    1/3/2018       92,396       CAD       73,683       USD       61        

Bank of America N.A.

    1/3/2018       106,435       CZK       5,006       USD              

Bank of America N.A.

    1/3/2018       85,595       DKK       13,804       USD       1        

Bank of America N.A.

    1/3/2018       1,800       DKK       290       USD              

Bank of America N.A.

    1/3/2018       179,185       EUR       215,159       USD       6        

Bank of America N.A.

    1/3/2018       157,835       GBP       213,504       USD       8        

Bank of America N.A.

    1/3/2018       725,147       HKD       92,759       USD       3        

Bank of America N.A.

    1/3/2018       609,104       HUF       2,358       USD              

Bank of America N.A.

    1/3/2018       133,269       ILS       38,385       USD       3        

Bank of America N.A.

    1/3/2018       238,374       MXN       12,184       USD             (1

Bank of America N.A.

    1/3/2018       298,128       NOK       36,447       USD       2        

Bank of America N.A.

    1/3/2018       17,300       NOK       2,107       USD       8        

Bank of America N.A.

    1/3/2018       841,573       PHP       16,865       USD             (34

Bank of America N.A.

    1/3/2018       38,976       PLN       11,216       USD       1        

Bank of America N.A.

    1/3/2018       572,016       SEK       69,868       USD             (3

Bank of America N.A.

    1/3/2018       23,740       TRY       6,259       USD              

Bank of America N.A.

    1/3/2018       146,748       USD       193,345       AUD             (4,477

Bank of America N.A.

    1/3/2018       74,268       USD       95,623       CAD             (2,052

Bank of America N.A.

    1/3/2018       5,006       USD       106,781       CZK             (17

Bank of America N.A.

    1/3/2018       13,804       USD       85,961       DKK             (60

Bank of America N.A.

    1/3/2018       216,867       USD       181,485       EUR             (1,060

Bank of America N.A.

    1/3/2018       215,199       USD       158,775       GBP       416        

Bank of America N.A.

    1/3/2018       93,495       USD       729,956       HKD       118        

Bank of America N.A.

    1/3/2018       2,358       USD       617,532       HUF             (32

Bank of America N.A.

    1/3/2018       38,690       USD       135,045       ILS             (209

Bank of America N.A.

    1/3/2018       12,184       USD       227,915       MXN       535        

Bank of America N.A.

    1/3/2018       36,736       USD       304,194       NOK             (454

Bank of America N.A.

    1/3/2018       11,216       USD       39,498       PLN             (151

Bank of America N.A.

    1/3/2018       70,422       USD       585,315       SEK             (1,067

Bank of America N.A.

    1/3/2018       6,259       USD       24,696       TRY             (252

Bank of America N.A.

    1/4/2018       13,017       CHF       13,358       USD              

Bank of America N.A.

    1/4/2018       5,181,884       CLP       8,426       USD              

Bank of America N.A.

    1/4/2018       68,850       NZD       48,965       USD       1        

Bank of America N.A.

    1/4/2018       47,310       SGD       35,400       USD       2        

Bank of America N.A.

    1/4/2018       18,702       USD       61,332       BRL       214        

Bank of America N.A.

    1/4/2018       13,358       USD       13,079       CHF             (64

Bank of America N.A.

    1/4/2018       8,004       USD       5,181,884       CLP             (422

Bank of America N.A.

    1/4/2018       49,353       USD       71,951       NZD             (1,819

Bank of America N.A.

    1/4/2018       35,681       USD       48,054       SGD             (278

Bank of America N.A.

    1/4/2018       23,500       USD       322,257       ZAR             (2,526

Bank of America N.A.

    1/4/2018       288,709       ZAR       23,315       USD       2        

Bank of America N.A.

    1/9/2018       48,158,013       JPY       427,576       USD       14        

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      87  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    1/9/2018       430,969       USD       48,123,851       JPY     $ 3,682     $  

Bank of America N.A.

    2/2/2018       152,961       USD       195,570       AUD             (8

Bank of America N.A.

    2/2/2018       75,579       USD       94,653       CAD              

Bank of America N.A.

    2/2/2018       13,779       USD       13,401       CHF             (1

Bank of America N.A.

    2/2/2018       5,310       USD       112,739       CZK             (1

Bank of America N.A.

    2/2/2018       14,716       USD       91,091       DKK             (2

Bank of America N.A.

    2/2/2018       219,703       USD       182,664       EUR             (20

Bank of America N.A.

    2/2/2018       220,153       USD       162,597       GBP             (13

Bank of America N.A.

    2/2/2018       96,573       USD       754,441       HKD       3        

Bank of America N.A.

    2/2/2018       2,337       USD       602,885       HUF              

Bank of America N.A.

    2/2/2018       39,291       USD       136,241       ILS       4        

Bank of America N.A.

    2/2/2018       11,375       USD       223,803       MXN             (1

Bank of America N.A.

    2/2/2018       37,565       USD       307,017       NOK             (3

Bank of America N.A.

    2/2/2018       53,712       USD       75,556       NZD             (4

Bank of America N.A.

    2/2/2018       16,928       USD       843,849       PHP       30        

Bank of America N.A.

    2/2/2018       11,396       USD       39,603       PLN             (1

Bank of America N.A.

    2/2/2018       71,185       USD       581,794       SEK              

Bank of America N.A.

    2/2/2018       7,226       USD       27,658       TRY             (2

Bank of America N.A.

    2/5/2018       9,698       USD       5,964,916       CLP             (1

Bank of America N.A.

    2/5/2018       439,251       USD       49,412,794       JPY             (52

Bank of America N.A.

    2/5/2018       36,339       USD       48,543       SGD             (2

Bank of America N.A.

    2/5/2018       27,126       USD       337,544       ZAR             (2

Bank of Montreal

    1/3/2018       186,149       AUD       145,593       USD       4        

Bank of Montreal

    1/3/2018       26,000       AUD       20,282       USD       54        

Bank of Montreal

    1/3/2018       3,483       CAD       2,050       GBP       6        

Bank of Montreal

    1/3/2018       1,111       CAD       6,900       HKD       4        

Bank of Montreal

    1/3/2018       3,205       CAD       50,050       MXN              

Bank of Montreal

    1/3/2018       92,321       CAD       73,683       USD       2        

Bank of Montreal

    1/3/2018       5,000       CAD       3,973       USD       18        

Bank of Montreal

    1/3/2018       106,433       CZK       5,006       USD              

Bank of Montreal

    1/3/2018       85,592       DKK       13,804       USD              

Bank of Montreal

    1/3/2018       179,184       EUR       215,159       USD       5        

Bank of Montreal

    1/3/2018       157,834       GBP       213,504       USD       5        

Bank of Montreal

    1/3/2018       725,143       HKD       92,759       USD       2        

Bank of Montreal

    1/3/2018       609,116       HUF       2,358       USD              

Bank of Montreal

    1/3/2018       133,261       ILS       38,385       USD              

Bank of Montreal

    1/3/2018       238,374       MXN       12,184       USD             (1

Bank of Montreal

    1/3/2018       298,120       NOK       36,447       USD       1        

Bank of Montreal

    1/3/2018       38,975       PLN       11,216       USD       1        

Bank of Montreal

    1/3/2018       572,030       SEK       69,868       USD             (2

Bank of Montreal

    1/3/2018       1,600       SGD       1,196       USD       1        

Bank of Montreal

    1/3/2018       23,740       TRY       6,259       USD              

Bank of Montreal

    1/3/2018       146,748       USD       193,343       AUD             (4,475

Bank of Montreal

    1/3/2018       74,268       USD       95,625       CAD             (2,054

Bank of Montreal

    1/3/2018       5,006       USD       107,150       CZK             (34

Bank of Montreal

    1/3/2018       13,804       USD       85,968       DKK             (61

Bank of Montreal

    1/3/2018       216,867       USD       181,482       EUR             (1,057

Bank of Montreal

    1/3/2018       215,199       USD       158,770       GBP       423        

Bank of Montreal

    1/3/2018       93,495       USD       729,941       HKD       120        

Bank of Montreal

    1/3/2018       2,358       USD       618,977       HUF             (38

Bank of Montreal

    1/3/2018       38,690       USD       135,039       ILS             (208

Bank of Montreal

    1/3/2018       12,184       USD       227,919       MXN       535        

Bank of Montreal

    1/3/2018       36,736       USD       304,204       NOK             (456

Bank of Montreal

    1/3/2018       11,216       USD       39,497       PLN             (151

Bank of Montreal

    1/3/2018       70,422       USD       585,300       SEK             (1,065

Bank of Montreal

    1/3/2018       6,259       USD       24,695       TRY             (252

Bank of Montreal

    1/4/2018       13,017       CHF       13,358       USD              

Bank of Montreal

    1/4/2018       500       CHF       513       USD              

Bank of Montreal

    1/4/2018       5,181,884       CLP       8,442       USD             (16

 

See Notes to Financial Statements.

 

88   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2017

 

  

 

 

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

    1/4/2018       68,850       NZD       48,965       USD     $ 1     $  

Bank of Montreal

    1/4/2018       47,306       SGD       35,400       USD             (1

Bank of Montreal

    1/4/2018       18,704       USD       61,332       BRL       216        

Bank of Montreal

    1/4/2018       13,358       USD       13,079       CHF             (63

Bank of Montreal

    1/4/2018       8,000       USD       5,181,884       CLP             (426

Bank of Montreal

    1/4/2018       49,353       USD       71,949       NZD             (1,817

Bank of Montreal

    1/4/2018       35,681       USD       48,056       SGD             (279

Bank of Montreal

    1/4/2018       23,500       USD       322,245       ZAR             (2,525

Bank of Montreal

    1/4/2018       288,697       ZAR       23,315       USD       1        

Bank of Montreal

    1/9/2018       48,157,585       JPY       427,576       USD       11        

Bank of Montreal

    1/9/2018       430,969       USD       48,122,946       JPY       3,690        

Bank of Montreal

    2/2/2018       152,961       USD       195,565       AUD             (4

Bank of Montreal

    2/2/2018       75,579       USD       94,654       CAD             (1

Bank of Montreal

    2/2/2018       13,779       USD       13,401       CHF             (1

Bank of Montreal

    2/2/2018       5,310       USD       112,885       CZK             (8

Bank of Montreal

    2/2/2018       14,716       USD       91,083       DKK             (1

Bank of Montreal

    2/2/2018       219,703       USD       182,657       EUR             (12

Bank of Montreal

    2/2/2018       220,153       USD       162,596       GBP             (11

Bank of Montreal

    2/2/2018       96,573       USD       754,486       HKD             (3

Bank of Montreal

    2/2/2018       2,337       USD       603,683       HUF             (3

Bank of Montreal

    2/2/2018       39,291       USD       136,249       ILS       1        

Bank of Montreal

    2/2/2018       11,375       USD       223,781       MXN              

Bank of Montreal

    2/2/2018       37,565       USD       307,008       NOK             (2

Bank of Montreal

    2/2/2018       53,712       USD       75,556       NZD             (3

Bank of Montreal

    2/2/2018       11,396       USD       39,608       PLN             (3

Bank of Montreal

    2/2/2018       71,185       USD       581,791       SEK              

Bank of Montreal

    2/2/2018       7,226       USD       27,657       TRY             (2

Bank of Montreal

    2/5/2018       9,690       USD       5,964,916       CLP             (9

Bank of Montreal

    2/5/2018       439,251       USD       49,409,939       JPY             (27

Bank of Montreal

    2/5/2018       36,339       USD       48,546       SGD             (4

Bank of Montreal

    2/5/2018       27,126       USD       337,553       ZAR             (3

Barclays Bank PLC

    1/3/2018       7,128       AUD       5,502       USD       73        

Barclays Bank PLC

    1/3/2018       186,149       AUD       145,593       USD       4        

Barclays Bank PLC

    1/3/2018       3,535       CAD       2,784       USD       37        

Barclays Bank PLC

    1/3/2018       92,321       CAD       73,683       USD       1        

Barclays Bank PLC

    1/3/2018       106,433       CZK       5,006       USD              

Barclays Bank PLC

    1/3/2018       2,000       CZK       94       USD              

Barclays Bank PLC

    1/3/2018       85,593       DKK       13,804       USD              

Barclays Bank PLC

    1/3/2018       6,839       EUR       8,130       USD       82        

Barclays Bank PLC

    1/3/2018       179,184       EUR       215,159       USD       5        

Barclays Bank PLC

    1/3/2018       6,028       GBP       8,068       USD       86        

Barclays Bank PLC

    1/3/2018       157,833       GBP       213,504       USD       5        

Barclays Bank PLC

    1/3/2018       27,375       HKD       3,505       USD             (3

Barclays Bank PLC

    1/3/2018       725,143       HKD       92,759       USD       2        

Barclays Bank PLC

    1/3/2018       609,130       HUF       2,358       USD              

Barclays Bank PLC

    1/3/2018       5,065       ILS       1,451       USD       8        

Barclays Bank PLC

    1/3/2018       133,256       ILS       38,385       USD             (1

Barclays Bank PLC

    1/3/2018       238,380       MXN       12,184       USD              

Barclays Bank PLC

    1/3/2018       11,447       NOK       1,377       USD       23        

Barclays Bank PLC

    1/3/2018       298,120       NOK       36,447       USD       1        

Barclays Bank PLC

    1/3/2018       38,974       PLN       11,216       USD              

Barclays Bank PLC

    1/3/2018       22,000       SEK       2,640       USD       47        

Barclays Bank PLC

    1/3/2018       572,030       SEK       69,868       USD             (2

Barclays Bank PLC

    1/3/2018       23,738       TRY       6,259       USD              

Barclays Bank PLC

    1/4/2018       13,017       CHF       13,358       USD              

Barclays Bank PLC

    1/4/2018       5,181,884       CLP       8,426       USD              

Barclays Bank PLC

    1/4/2018       2,635       NZD       1,850       USD       24        

Barclays Bank PLC

    1/4/2018       68,850       NZD       48,965       USD       1        

Barclays Bank PLC

    1/4/2018       1,797       SGD       1,338       USD       7        

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      89  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Barclays Bank PLC

    1/4/2018       47,298       SGD       35,400       USD     $     $ (7

Barclays Bank PLC

    1/4/2018       11,059       ZAR       881       USD       12        

Barclays Bank PLC

    1/4/2018       288,672       ZAR       23,315       USD             (1

Barclays Bank PLC

    1/9/2018       48,157,029       JPY       427,576       USD       6        

Barclays Bank PLC

    2/2/2018       152,961       USD       195,572       AUD             (10

Barclays Bank PLC

    2/2/2018       75,579       USD       94,660       CAD             (6

Barclays Bank PLC

    2/2/2018       13,779       USD       13,401       CHF             (1

Barclays Bank PLC

    2/2/2018       5,310       USD       113,037       CZK             (15

Barclays Bank PLC

    2/2/2018       14,716       USD       91,086       DKK             (1

Barclays Bank PLC

    2/2/2018       219,703       USD       182,658       EUR             (13

Barclays Bank PLC

    2/2/2018       220,153       USD       162,600       GBP             (16

Barclays Bank PLC

    2/2/2018       96,573       USD       754,580       HKD             (15

Barclays Bank PLC

    2/2/2018       2,337       USD       603,607       HUF             (3

Barclays Bank PLC

    2/2/2018       39,291       USD       136,257       ILS             (1

Barclays Bank PLC

    2/2/2018       11,375       USD       223,785       MXN              

Barclays Bank PLC

    2/2/2018       37,565       USD       307,233       NOK             (29

Barclays Bank PLC

    2/2/2018       53,712       USD       75,556       NZD             (4

Barclays Bank PLC

    2/2/2018       11,396       USD       39,602       PLN             (1

Barclays Bank PLC

    2/2/2018       71,185       USD       581,864       SEK             (9

Barclays Bank PLC

    2/2/2018       7,226       USD       27,666       TRY             (4

Barclays Bank PLC

    2/5/2018       9,690       USD       5,964,916       CLP             (9

Barclays Bank PLC

    2/5/2018       439,251       USD       49,411,301       JPY             (39

Barclays Bank PLC

    2/5/2018       36,339       USD       48,551       SGD             (8

Barclays Bank PLC

    2/5/2018       27,126       USD       337,558       ZAR             (3

Canadian Imperial Bank of Commerce

    1/3/2018       146,748       USD       193,339       AUD             (4,472

Canadian Imperial Bank of Commerce

    1/3/2018       74,268       USD       95,626       CAD             (2,054

Canadian Imperial Bank of Commerce

    1/3/2018       5,006       USD       106,765       CZK             (16

Canadian Imperial Bank of Commerce

    1/3/2018       13,804       USD       85,981       DKK             (63

Canadian Imperial Bank of Commerce

    1/3/2018       216,867       USD       181,489       EUR             (1,065

Canadian Imperial Bank of Commerce

    1/3/2018       215,199       USD       158,771       GBP       422        

Canadian Imperial Bank of Commerce

    1/3/2018       93,495       USD       729,962       HKD       117        

Canadian Imperial Bank of Commerce

    1/3/2018       2,358       USD       617,522       HUF             (32

Canadian Imperial Bank of Commerce

    1/3/2018       38,690       USD       135,034       ILS             (206

Canadian Imperial Bank of Commerce

    1/3/2018       12,184       USD       227,914       MXN       535        

Canadian Imperial Bank of Commerce

    1/3/2018       36,736       USD       304,199       NOK             (455

Canadian Imperial Bank of Commerce

    1/3/2018       11,216       USD       39,498       PLN             (151

Canadian Imperial Bank of Commerce

    1/3/2018       70,422       USD       585,305       SEK             (1,066

Canadian Imperial Bank of Commerce

    1/3/2018       6,259       USD       24,697       TRY             (253

Canadian Imperial Bank of Commerce

    1/4/2018       18,705       USD       61,332       BRL       217        

Canadian Imperial Bank of Commerce

    1/4/2018       13,358       USD       13,080       CHF             (65

Canadian Imperial Bank of Commerce

    1/4/2018       8,000       USD       5,181,884       CLP             (426

Canadian Imperial Bank of Commerce

    1/4/2018       49,353       USD       71,949       NZD             (1,817

Canadian Imperial Bank of Commerce

    1/4/2018       35,681       USD       48,057       SGD             (280

Canadian Imperial Bank of Commerce

    1/4/2018       23,500       USD       322,176       ZAR             (2,520

Canadian Imperial Bank of Commerce

    1/9/2018       430,969       USD       48,126,308       JPY       3,660        

Goldman Sachs

    1/3/2018       2,300       TRY       607       USD              

HSBC Holdings PLC

    1/9/2018       1,824,884       JPY       16,157       USD       46        

JP Morgan Chase Bank N.A.

    1/3/2018       5,163,787       INR       80,743       USD       99        

JP Morgan Chase Bank N.A.

    1/3/2018       79,871       USD       5,163,787       INR             (972

JP Morgan Chase Bank N.A.

    1/4/2018       625,005,972       IDR       46,143       USD             (25

JP Morgan Chase Bank N.A.

    1/4/2018       160,090,012       KRW       149,953       USD             (352

JP Morgan Chase Bank N.A.

    1/4/2018       46,085       USD       625,005,972       IDR             (33

JP Morgan Chase Bank N.A.

    1/4/2018       147,106       USD       160,090,012       KRW             (2,494

JP Morgan Chase Bank N.A.

    2/5/2018       45,220       USD       613,232,742       IDR             (15

JP Morgan Chase Bank N.A.

    2/5/2018       84,240       USD       5,403,407       INR             (141

JP Morgan Chase Bank N.A.

    2/5/2018       149,407       USD       159,461,743       KRW             (14

Morgan Stanley & Co. International

    1/3/2018       146,748       USD       193,341       AUD             (4,474

Morgan Stanley & Co. International

    1/3/2018       74,268       USD       95,623       CAD             (2,052

Morgan Stanley & Co. International

    1/3/2018       5,006       USD       106,883       CZK             (21

 

See Notes to Financial Statements.

 

90   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Morgan Stanley & Co. International

    1/3/2018       13,804       USD       85,962       DKK     $     $ (60

Morgan Stanley & Co. International

    1/3/2018       216,867       USD       181,484       EUR             (1,059

Morgan Stanley & Co. International

    1/3/2018       215,199       USD       158,765       GBP       430        

Morgan Stanley & Co. International

    1/3/2018       93,495       USD       729,918       HKD       123        

Morgan Stanley & Co. International

    1/3/2018       2,358       USD       618,131       HUF             (35

Morgan Stanley & Co. International

    1/3/2018       38,690       USD       135,036       ILS             (207

Morgan Stanley & Co. International

    1/3/2018       12,184       USD       227,915       MXN       535        

Morgan Stanley & Co. International

    1/3/2018       36,736       USD       304,177       NOK             (452

Morgan Stanley & Co. International

    1/3/2018       16,698       USD       841,573       PHP             (134

Morgan Stanley & Co. International

    1/3/2018       11,216       USD       39,497       PLN             (151

Morgan Stanley & Co. International

    1/3/2018       70,422       USD       585,279       SEK             (1,063

Morgan Stanley & Co. International

    1/3/2018       6,259       USD       24,696       TRY             (252

Morgan Stanley & Co. International

    1/4/2018       119,123       TWD       3,990       USD       16        

Morgan Stanley & Co. International

    1/4/2018       18,704       USD       61,332       BRL       216        

Morgan Stanley & Co. International

    1/4/2018       13,358       USD       13,079       CHF             (64

Morgan Stanley & Co. International

    1/4/2018       7,992       USD       5,181,884       CLP             (434

Morgan Stanley & Co. International

    1/4/2018       50,278       USD       205,385       MYR             (353

Morgan Stanley & Co. International

    1/4/2018       49,353       USD       71,952       NZD             (1,819

Morgan Stanley & Co. International

    1/4/2018       35,681       USD       48,053       SGD             (277

Morgan Stanley & Co. International

    1/4/2018       506,301       USD       15,153,601       TWD             (3,273

Morgan Stanley & Co. International

    1/4/2018       23,500       USD       322,314       ZAR             (2,531

Morgan Stanley & Co. International

    1/5/2018       107,854       USD       3,516,574       THB       14        

Morgan Stanley & Co. International

    1/9/2018       430,969       USD       48,120,791       JPY       3,709        

Royal Bank of Canada

    1/2/2018       3,200       ILS       920       USD       2        

Royal Bank of Canada

    1/3/2018       186,149       AUD       145,593       USD       4        

Royal Bank of Canada

    1/3/2018       92,320       CAD       73,683       USD              

Royal Bank of Canada

    1/3/2018       106,428       CZK       5,006       USD              

Royal Bank of Canada

    1/3/2018       85,592       DKK       13,804       USD              

Royal Bank of Canada

    1/3/2018       179,175       EUR       215,159       USD             (5

Royal Bank of Canada

    1/3/2018       157,834       GBP       213,504       USD       5        

Royal Bank of Canada

    1/3/2018       725,161       HKD       92,759       USD       5        

Royal Bank of Canada

    1/3/2018       609,147       HUF       2,358       USD              

Royal Bank of Canada

    1/3/2018       42,000       HUF       162       USD              

Royal Bank of Canada

    1/3/2018       133,259       ILS       38,385       USD              

Royal Bank of Canada

    1/3/2018       238,374       MXN       12,184       USD             (1

Royal Bank of Canada

    1/3/2018       298,120       NOK       36,447       USD       1        

Royal Bank of Canada

    1/3/2018       38,975       PLN       11,216       USD       1        

Royal Bank of Canada

    1/3/2018       2,500       PLN       718       USD       2        

Royal Bank of Canada

    1/3/2018       572,030       SEK       69,868       USD             (2

Royal Bank of Canada

    1/3/2018       23,739       TRY       6,259       USD              

Royal Bank of Canada

    1/3/2018       111,810       USD       147,304       AUD             (3,403

Royal Bank of Canada

    1/3/2018       56,587       USD       72,858       CAD             (1,563

Royal Bank of Canada

    1/3/2018       3,817       USD       81,401       CZK             (12

Royal Bank of Canada

    1/3/2018       10,521       USD       65,520       DKK             (46

Royal Bank of Canada

    1/3/2018       165,233       USD       138,273       EUR             (805

Royal Bank of Canada

    1/3/2018       163,962       USD       120,972       GBP       317        

Royal Bank of Canada

    1/3/2018       71,236       USD       556,155       HKD       92        

Royal Bank of Canada

    1/3/2018       1,801       USD       471,641       HUF             (25

Royal Bank of Canada

    1/3/2018       29,480       USD       102,894       ILS             (158

Royal Bank of Canada

    1/3/2018       9,284       USD       173,668       MXN       408        

Royal Bank of Canada

    1/3/2018       27,991       USD       231,779       NOK             (346

Royal Bank of Canada

    1/3/2018       8,549       USD       30,106       PLN             (115

Royal Bank of Canada

    1/3/2018       53,658       USD       445,975       SEK             (812

Royal Bank of Canada

    1/3/2018       4,771       USD       18,824       TRY             (192

Royal Bank of Canada

    1/4/2018       13,018       CHF       13,358       USD              

Royal Bank of Canada

    1/4/2018       5,181,884       CLP       8,426       USD              

Royal Bank of Canada

    1/4/2018       205,385       MYR       50,606       USD       25        

Royal Bank of Canada

    1/4/2018       68,850       NZD       48,965       USD       1        

Royal Bank of Canada

    1/4/2018       47,306       SGD       35,400       USD             (1

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      91  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2017

 

  

 

 

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

    1/4/2018       15,034,478       TWD       506,297       USD     $     $ (728

Royal Bank of Canada

    1/4/2018       14,252       USD       46,732       BRL       165        

Royal Bank of Canada

    1/4/2018       10,181       USD       9,969       CHF             (48

Royal Bank of Canada

    1/4/2018       6,097       USD       3,948,104       CLP             (323

Royal Bank of Canada

    1/4/2018       37,607       USD       54,825       NZD             (1,384

Royal Bank of Canada

    1/4/2018       27,190       USD       36,618       SGD             (211

Royal Bank of Canada

    1/4/2018       17,906       USD       245,545       ZAR             (1,925

Royal Bank of Canada

    1/4/2018       288,695       ZAR       23,315       USD       1        

Royal Bank of Canada

    1/5/2018       3,516,574       THB       107,831       USD       9        

Royal Bank of Canada

    1/9/2018       48,157,371       JPY       427,576       USD       9        

Royal Bank of Canada

    1/9/2018       328,358       USD       36,665,275       JPY       2,811        

Royal Bank of Canada

    2/2/2018       152,961       USD       195,567       AUD             (6

Royal Bank of Canada

    2/2/2018       75,579       USD       94,648       CAD       3        

Royal Bank of Canada

    2/2/2018       13,779       USD       13,401       CHF             (1

Royal Bank of Canada

    2/2/2018       5,310       USD       112,777       CZK             (3

Royal Bank of Canada

    2/2/2018       14,716       USD       91,104       DKK             (4

Royal Bank of Canada

    2/2/2018       219,703       USD       182,652       EUR             (6

Royal Bank of Canada

    2/2/2018       220,153       USD       162,598       GBP             (14

Royal Bank of Canada

    2/2/2018       96,573       USD       754,571       HKD             (14

Royal Bank of Canada

    2/2/2018       2,337       USD       603,113       HUF             (1

Royal Bank of Canada

    2/2/2018       39,291       USD       136,268       ILS             (4

Royal Bank of Canada

    2/2/2018       11,375       USD       223,776       MXN              

Royal Bank of Canada

    2/2/2018       37,565       USD       307,057       NOK             (8

Royal Bank of Canada

    2/2/2018       53,712       USD       75,554       NZD             (2

Royal Bank of Canada

    2/2/2018       11,396       USD       39,601       PLN             (1

Royal Bank of Canada

    2/2/2018       71,185       USD       581,831       SEK             (5

Royal Bank of Canada

    2/2/2018       7,226       USD       27,659       TRY             (2

Royal Bank of Canada

    2/5/2018       9,699       USD       5,964,916       CLP              

Royal Bank of Canada

    2/5/2018       439,251       USD       49,410,817       JPY             (34

Royal Bank of Canada

    2/5/2018       36,339       USD       48,546       SGD             (4

Royal Bank of Canada

    2/5/2018       108,381       USD       3,530,408       THB       37        

Royal Bank of Canada

    2/5/2018       509,297       USD       15,082,836       TWD             (973

Royal Bank of Canada

    2/5/2018       27,126       USD       337,584       ZAR             (5

Royal Bank of Canada

    2/6/2018       53,490       USD       217,197       MYR             (26

State Street Bank and Trust

    1/3/2018       141,824       AUD       110,928       USD              

State Street Bank and Trust

    1/3/2018       70,343       CAD       56,143       USD              

State Street Bank and Trust

    1/3/2018       81,149       CZK       3,817       USD              

State Street Bank and Trust

    1/3/2018       65,234       DKK       10,521       USD              

State Street Bank and Trust

    1/3/2018       4,100       EUR       4,919       USD       5        

State Street Bank and Trust

    1/3/2018       136,521       EUR       163,935       USD              

State Street Bank and Trust

    1/3/2018       120,254       GBP       162,674       USD              

State Street Bank and Trust

    1/3/2018       552,488       HKD       70,675       USD              

State Street Bank and Trust

    1/3/2018       465,256       HUF       1,801       USD              

State Street Bank and Trust

    1/3/2018       101,536       ILS       29,249       USD             (2

State Street Bank and Trust

    1/3/2018       181,646       MXN       9,284       USD              

State Street Bank and Trust

    1/3/2018       227,141       NOK       27,770       USD              

State Street Bank and Trust

    1/3/2018       29,706       PLN       8,549       USD              

State Street Bank and Trust

    1/3/2018       435,853       SEK       53,234       USD              

State Street Bank and Trust

    1/3/2018       18,089       TRY       4,771       USD             (2

State Street Bank and Trust

    1/4/2018       9,921       CHF       10,181       USD              

State Street Bank and Trust

    1/4/2018       3,948,104       CLP       6,414       USD       5        

State Street Bank and Trust

    1/4/2018       52,459       NZD       37,309       USD              

State Street Bank and Trust

    1/4/2018       36,050       SGD       26,976       USD              

State Street Bank and Trust

    1/4/2018       219,960       ZAR       17,765       USD              

State Street Bank and Trust

    1/9/2018       36,690,509       JPY       325,773       USD             (1

State Street Bank and Trust

    2/2/2018       116,545       USD       149,000       AUD       1        

State Street Bank and Trust

    2/2/2018       57,584       USD       72,117       CAD             (1

State Street Bank and Trust

    2/2/2018       10,501       USD       10,213       CHF              

State Street Bank and Trust

    2/2/2018       4,046       USD       85,956       CZK             (3

 

See Notes to Financial Statements.

 

92   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

December 31, 2017

 

  

 

 

Counterparty   Settlement
Date
   

Amount and

Description of

Currency to

be Purchased

   

Amount and

Description of

Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

State Street Bank and Trust

    2/2/2018       11,216       USD       69,421       DKK     $     $ (1

State Street Bank and Trust

    2/2/2018       167,397       USD       139,166       EUR             (3

State Street Bank and Trust

    2/2/2018       167,737       USD       123,879       GBP             (2

State Street Bank and Trust

    2/2/2018       73,580       USD       574,850       HKD             (2

State Street Bank and Trust

    2/2/2018       1,782       USD       459,719       HUF              

State Street Bank and Trust

    2/2/2018       29,937       USD       103,827       ILS             (3

State Street Bank and Trust

    2/2/2018       8,670       USD       170,608       MXN             (2

State Street Bank and Trust

    2/2/2018       28,624       USD       233,953       NOK             (3

State Street Bank and Trust

    2/2/2018       40,927       USD       57,569       NZD             (1

State Street Bank and Trust

    2/2/2018       8,683       USD       30,172       PLN              

State Street Bank and Trust

    2/2/2018       54,239       USD       443,311       SEK             (2

State Street Bank and Trust

    2/2/2018       5,507       USD       21,082       TRY             (2

State Street Bank and Trust

    2/5/2018       7,383       USD       4,544,700       CLP             (6

State Street Bank and Trust

    2/5/2018       334,669       USD       37,644,907       JPY             (12

State Street Bank and Trust

    2/5/2018       27,691       USD       36,991       SGD             (2

State Street Bank and Trust

    2/5/2018       20,668       USD       257,176       ZAR             (1

UBS AG

    1/4/2018       292,060       BRL       88,145       USD             (108

UBS AG

    2/5/2018       89,851       USD       298,711       BRL       131        
                                            $ 24,828     $ (81,445

 

CURRENCY LEGEND

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

CHF – Swiss franc

CLP – Chilean peso

CZK – Czech koruna

DKK – Danish krone

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

HUF – Hungary forint

IDR – Indonesian rupiah

ILS – Israeli New shekel

INR – Indian rupee

JPY – Japanese yen

KRW – South Korean won

MXN – Mexican peso

MYR – Malaysian ringgit

NOK – Norwegian krone

NZD – New Zealand dollar

PHP – Philippine peso

PLN – Polish zloty

SEK – Swedish krona

SGD – Singapore dollar

THB – Thai baht

TRY – Turkish New lira

TWD – New Taiwan dollar

USD – U.S. dollar

ZAR – South African rand

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      93  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 4.6%      

Altium Ltd.

     1,462      $ 15,186  

ARB Corp., Ltd.

     1,061        15,543  

Bapcor Ltd.

     5,224        23,086  

Beach Energy Ltd.

     26,109        25,424  

Blackmores Ltd.(a)

     199        26,331  

Breville Group Ltd.

     2,345        23,110  

Brickworks Ltd.

     3,692        42,940  

Cleanaway Waste Management Ltd.

     14,884        17,462  

Corporate Travel Management Ltd.

     917        14,961  

Costa Group Holdings Ltd.

     3,552        18,336  

CSR Ltd.

     15,740        58,601  

Fairfax Media Ltd.

     54,772        33,415  

G8 Education Ltd.

     12,964        34,374  

Genworth Mortgage Insurance Australia Ltd.

     8,758        20,550  

GrainCorp Ltd. Class A

     4,466        28,608  

IDP Education Ltd.

     3,266        15,710  

Inghams Group Ltd.(a)

     6,701        17,925  

Invocare Ltd.

     1,839        23,158  

IRESS Ltd.

     3,673        33,268  

Metcash Ltd.

     9,856        24,052  

Monadelphous Group Ltd.

     1,713        23,273  

MYOB Group Ltd.

     11,477        32,496  

Navitas Ltd.

     5,070        21,612  

New Hope Corp., Ltd.

     9,047        17,690  

NIB Holdings Ltd.

     3,779        19,981  

Nufarm Ltd.

     3,260        22,285  

OZ Minerals Ltd.

     5,128        36,740  

Perpetual Ltd.

     1,046        39,557  

Premier Investments Ltd.

     1,873        21,755  

Primary Health Care Ltd.

     5,722        16,201  

Regis Resources Ltd.

     10,809        36,353  

Reliance Worldwide Corp., Ltd.(a)

     5,600        17,082  

St Barbara Ltd.

     6,774        20,239  

Technology One Ltd.

     4,276        16,589  

Vocus Group Ltd.

     20,587        48,789  
     

 

 

 
Total Australia               902,682  
Belgium – 0.2%      

Econocom Group S.A./N.V.

     2,596        18,570  

Euronav N.V.

     3,146        29,028  
     

 

 

 
Total Belgium               47,598  
Brazil – 0.5%      

AES Tiete Energia S.A.

     5,400        20,756  

Cia Hering

     3,600        27,805  

Ez Tec Empreendimentos e Participacoes S.A.

     2,100        13,706  

MRV Engenharia e Participacoes S.A.

     6,620        30,016  

TOTVS S.A.

     1,529        13,778  
     

 

 

 
Total Brazil               106,061  
Canada – 2.4%      

Boralex, Inc. Class A

     700        13,129  

CES Energy Solutions Corp.

     1,926        10,038  

Cineplex, Inc.(a)

     1,700      50,649  

EnerCare, Inc.

     2,231        36,520  

Enerflex Ltd.

     900        11,019  

Hudson’s Bay Co.(a)

     1,300        11,704  

Innergex Renewable Energy, Inc.(a)

     2,000        22,986  

Laurentian Bank of Canada

     468        21,115  

Mullen Group Ltd.

     1,793        22,524  

North West Co., Inc. (The)

     1,421        34,103  

OceanaGold Corp.

     3,328        8,579  

Pason Systems, Inc.

     731        10,612  

Russel Metals, Inc.

     1,880        43,768  

Secure Energy Services, Inc.

     2,244        15,689  

ShawCor Ltd.

     900        19,696  

Sleep Country Canada Holdings, Inc.(b)

     400        10,663  

Superior Plus Corp.

     3,493        33,091  

TransAlta Corp.

     6,929        41,200  

Transcontinental, Inc. Class A

     900        17,843  

Westshore Terminals Investment Corp.

     1,484        31,138  
     

 

 

 
Total Canada               466,066  
Chile – 0.3%      

Inversiones Aguas Metropolitanas S.A.

     9,052        17,191  

Ripley Corp. S.A.

     19,878        21,600  

Vina Concha y Toro S.A.

     11,461        21,704  
     

 

 

 
Total Chile               60,495  
China – 2.2%      

BAIC Motor Corp., Ltd. Class H(b)

     20,500        26,696  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     10,000        13,585  

China Communications Services Corp., Ltd. Class H

     34,000        22,791  

China National Building Material Co., Ltd. Class H(a)

     26,000        23,249  

China SCE Property Holdings Ltd.

     23,000        9,915  

China Travel International Investment Hong Kong Ltd.

     54,000        20,102  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     25,000        17,653  

Fufeng Group Ltd.*

     18,000        11,743  

Fuyao Glass Industry Group Co., Ltd. Class H(b)

     6,400        26,976  

Golden Eagle Retail Group Ltd.(a)

     10,000        12,101  

Huabao International Holdings Ltd.

     18,000        11,835  

Huaneng Renewables Corp., Ltd. Class H

     42,000        14,238  

Jiangsu Expressway Co., Ltd. Class H

     24,000        36,534  

Luye Pharma Group Ltd.(a)

     18,500        14,602  

Red Star Macalline Group Corp., Ltd. Class H(b)

     12,400        20,082  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     16,000        11,646  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     6,900        18,668  

Shougang Fushan Resources Group Ltd.

     108,000        23,210  

Skyworth Digital Holdings Ltd.

     38,000        16,333  

Tianneng Power International Ltd.

     12,000        12,465  

Yanzhou Coal Mining Co., Ltd. Class H

     12,000        14,030  

Yuexiu Transport Infrastructure Ltd.

     22,000        16,154  

Zhejiang Expressway Co., Ltd. Class H

     24,000        26,372  

Zijin Mining Group Co., Ltd. Class H

     58,000        21,887  
     

 

 

 
Total China               442,867  

 

See Notes to Financial Statements.

 

94   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
Czech Republic – 0.1%      

Moneta Money Bank AS(b)

     6,885      $ 26,685  
Denmark – 0.5%      

Alm Brand A/S

     1,976        25,814  

Scandinavian Tobacco Group A/S Class A(b)

     2,366        45,790  

Spar Nord Bank A/S

     1,819        21,152  
     

 

 

 
Total Denmark               92,756  
Finland – 0.4%      

Ramirent Oyj

     2,935        27,525  

Sanoma Oyj

     2,027        26,458  

Uponor Oyj

     1,105        22,265  
     

 

 

 
Total Finland               76,248  
France – 0.5%      

Coface S.A.

     1,355        14,504  

IPSOS

     634        23,372  

Neopost S.A.

     1,662        47,898  

Technicolor S.A. Registered Shares

     5,044        17,383  
     

 

 

 
Total France               103,157  
Germany – 1.2%      

BayWa AG

     508        19,563  

Bilfinger SE

     728        34,587  

CropEnergies AG

     1,228        11,486  

ElringKlinger AG

     1,275        28,592  

Indus Holding AG

     480        34,295  

Kloeckner & Co. SE

     1,258        15,544  

Pfeiffer Vacuum Technology AG

     176        33,001  

TLG Immobilien AG

     1,011        26,884  

VTG AG

     227        13,018  

Washtec AG

     191        18,050  
     

 

 

 
Total Germany               235,020  
Hong Kong – 0.6%      

CP Pokphand Co., Ltd.

     254,000        20,145  

Hong Kong Aircraft Engineering Co., Ltd.

     2,800        17,927  

Kowloon Development Co., Ltd.

     31,000        32,835  

Stella International Holdings Ltd.

     9,500        14,340  

Television Broadcasts Ltd.

     10,700        38,462  
     

 

 

 
Total Hong Kong               123,709  
Hungary – 0.1%      

Magyar Telekom Telecommunications PLC

     9,193        16,298  
Indonesia – 0.3%      

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     67,100        11,870  

Indo Tambangraya Megah Tbk PT

     12,500        19,071  

Japfa Comfeed Indonesia Tbk PT

     83,400        7,991  

Media Nusantara Citra Tbk PT

     129,900        12,303  
     

 

 

 
Total Indonesia               51,235  
Ireland – 0.2%      

C&C Group PLC

     9,549        32,680  

Irish Continental Group PLC

     1,927        13,328  
     

 

 

 
Total Ireland               46,008  
Israel – 1.2%      

Amot Investments Ltd.

     5,800      34,834  

First International Bank of Israel Ltd.

     1,245        25,878  

Gazit-Globe Ltd.

     3,342        35,541  

Harel Insurance Investments & Financial Services Ltd.

     5,454        40,045  

Oil Refineries Ltd.

     85,687        41,071  

Shapir Engineering and Industry Ltd.

     6,669        26,817  

Shufersal Ltd.

     3,868        25,737  
     

 

 

 
Total Israel               229,923  
Italy – 1.1%      

Banca Popolare di Sondrio SCPA

     4,948        18,086  

CIR-Compagnie Industriali Riunite SpA

     12,519        17,513  

Ei Towers SpA

     385        24,734  

Maire Tecnimont SpA(a)

     3,250        16,851  

MARR SpA

     1,532        39,589  

OVS SpA(b)

     3,001        20,018  

Piaggio & C. SpA

     3,783        10,448  

RAI Way SpA(b)

     4,860        29,617  

Salini Impregilo SpA

     4,050        15,650  

Societa Cattolica di Assicurazioni SC

     1,608        17,475  
     

 

 

 
Total Italy               209,981  
Japan – 13.4%      

Adastria Co., Ltd.

     1,000        20,231  

ADEKA Corp.

     1,800        31,718  

Alpine Electronics, Inc.

     800        16,568  

Amano Corp.

     1,200        31,393  

Anritsu Corp.

     1,500        16,964  

AOKI Holdings, Inc.

     2,100        30,871  

Aoyama Trading Co., Ltd.

     1,400        52,321  

Arcs Co., Ltd.

     800        18,663  

ASKUL Corp.

     600        17,017  

Autobacs Seven Co., Ltd.

     1,700        32,627  

Benefit One, Inc.

     600        12,565  

Capcom Co., Ltd.

     700        22,215  

Ci:z Holdings Co., Ltd.

     400        20,417  

Cocokara fine, Inc.

     300        19,387  

COLOPL, Inc.(a)

     1,200        13,039  

Cosmo Energy Holdings Co., Ltd.

     900        33,995  

Daikyo, Inc.

     800        15,510  

Daikyonishikawa Corp.

     700        11,334  

Daio Paper Corp.(a)

     1,100        14,549  

Daishi Bank Ltd. (The)

     300        13,662  

DCM Holdings Co., Ltd.

     2,600        24,234  

Dip Corp.

     600        15,510  

Doutor Nichires Holdings Co., Ltd.

     600        14,823  

Exedy Corp.

     1,200        37,124  

Fancl Corp.

     800        23,648  

Fujitec Co., Ltd.

     1,000        14,443  

Fukuyama Transporting Co., Ltd.

     500        18,908  

Hanwa Co., Ltd.

     700        32,375  

Hazama Ando Corp.

     2,900        22,706  

Heiwa Corp.

     2,400        45,081  

Heiwado Co., Ltd.

     600        12,479  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      95  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Hogy Medical Co., Ltd.

     200      $ 15,162  

Hokuetsu Kishu Paper Co., Ltd.

     2,500        14,936  

Hyakugo Bank Ltd. (The)

     3,200        15,254  

Inaba Denki Sangyo Co., Ltd.

     400        18,677  

Itochu Enex Co., Ltd.

     1,500        14,461  

Iwatani Corp.

     500        16,112  

Japan Aviation Electronics Industry Ltd.

     1,000        16,929  

Juroku Bank Ltd. (The)

     400        11,789  

Kanematsu Corp.

     1,300        17,980  

Keihin Corp.

     900        18,328  

Keiyo Bank Ltd. (The)

     3,000        13,742  

Kintetsu World Express, Inc.

     800        16,589  

Komeri Co., Ltd.

     500        14,470  

Kumagai Gumi Co., Ltd.

     600        16,778  

KYB Corp.

     300        17,550  

Kyoritsu Maintenance Co., Ltd.

     500        20,217  

Leopalace21 Corp.

     2,500        19,441  

Life Corp.

     500        13,493  

Makino Milling Machine Co., Ltd.

     2,000        20,257  

Maruha Nichiro Corp.

     400        12,073  

Matsui Securities Co., Ltd.

     3,300        27,859  

Megmilk Snow Brand Co., Ltd.

     500        14,802  

Meitec Corp.

     600        31,531  

Mitsubishi Shokuhin Co., Ltd.

     500        14,669  

Mochida Pharmaceutical Co., Ltd.

     500        38,304  

Nachi-Fujikoshi Corp.

     4,000        26,844  

NEC Networks & System Integration Corp.

     800        21,056  

Nichias Corp.

     2,000        26,649  

Nichiha Corp.

     300        12,583  

Nihon Kohden Corp.

     600        13,928  

Nihon Unisys Ltd.

     1,500        31,238  

Nikkon Holdings Co., Ltd.

     1,200        33,822  

Nippon Flour Mills Co., Ltd.

     3,000        46,019  

Nippon Light Metal Holdings Co., Ltd.

     10,500        29,920  

Nippon Steel & Sumikin Bussan Corp.

     800        48,575  

Nippon Suisan Kaisha Ltd.

     2,300        12,026  

Nishi-Nippon Financial Holdings, Inc.

     1,500        17,976  

Nishi-Nippon Railroad Co., Ltd.

     600        16,192  

Nishimatsu Construction Co., Ltd.

     1,100        30,857  

Nissan Shatai Co., Ltd.

     1,500        15,340  

Nisshin Steel Co., Ltd.

     1,500        24,660  

Nissin Electric Co., Ltd.

     1,200        13,965  

Nissin Kogyo Co., Ltd.

     800        15,858  

Noevir Holdings Co., Ltd.

     700        51,949  

Obara Group, Inc.

     200        13,724  

Okamura Corp.

     1,300        19,007  

Okasan Securities Group, Inc.

     3,500        21,687  

OKUMA Corp.

     300        19,947  

Okumura Corp.

     1,000        41,190  

Onward Holdings Co., Ltd.

     4,000        34,656  

Paramount Bed Holdings Co., Ltd.

     300        14,860  

Parco Co., Ltd.

     1,300        17,933  

Penta-Ocean Construction Co., Ltd.

     2,900        21,624  

Resorttrust, Inc.

     1,600        36,375  

Ryosan Co., Ltd.

     600      23,063  

Seiren Co., Ltd.

     700        13,714  

Senko Group Holdings Co., Ltd.

     2,900        20,955  

Ship Healthcare Holdings, Inc.

     400        13,262  

SKY Perfect JSAT Holdings, Inc.

     9,700        44,431  

Starts Corp., Inc.

     700        18,331  

Sumitomo Bakelite Co., Ltd.

     2,000        16,831  

Sumitomo Osaka Cement Co., Ltd.

     6,000        28,921  

T-Gaia Corp.

     1,500        34,860  

Tadano Ltd.

     1,600        26,574  

Taiyo Holdings Co., Ltd.

     400        17,825  

Taiyo Yuden Co., Ltd.

     900        14,029  

Takara Holdings, Inc.

     1,800        21,028  

Takasago Thermal Engineering Co., Ltd.

     1,000        18,331  

TechnoPro Holdings, Inc.

     400        21,731  

Toagosei Co., Ltd.

     1,100        14,012  

Toho Holdings Co., Ltd.

     800        18,095  

TOKAI Holdings Corp.

     3,000        25,513  

Tokai Rika Co., Ltd.

     1,500        31,585  

Tokai Tokyo Financial Holdings, Inc.

     3,800        24,524  

Tokyo Ohka Kogyo Co., Ltd.

     400        17,275  

Tokyo Seimitsu Co., Ltd.

     600        23,755  

Topcon Corp.

     600        12,980  

Toppan Forms Co., Ltd.

     1,600        18,123  

Topre Corp.

     500        14,181  

Toshiba Plant Systems & Services Corp.

     1,000        18,660  

Toyo Ink SC Holdings Co., Ltd.

     4,000        23,684  

Toyobo Co., Ltd.

     1,400        25,440  

TPR Co., Ltd.

     400        13,262  

Trusco Nakayama Corp.

     500        14,581  

Tsubakimoto Chain Co.

     3,000        24,234  

Unipres Corp.

     500        13,471  

United Arrows Ltd.

     400        16,245  

United Super Markets Holdings, Inc.

     1,600        16,249  

Ushio, Inc.

     1,300        18,591  

Valor Holdings Co., Ltd.

     900        21,044  

Yoshinoya Holdings Co., Ltd.

     1,200        20,378  
     

 

 

 
Total Japan               2,648,008  
Malaysia – 0.3%      

Alliance Bank Malaysia Bhd

     14,000        14,114  

Malakoff Corp. Bhd

     65,800        15,934  

QL Resources Bhd

     20,000        21,497  

Top Glove Corp. Bhd

     8,100        15,992  
     

 

 

 
Total Malaysia               67,537  
Mexico – 0.4%      

Banregio Grupo Financiero S.A.B. de C.V.

     2,030        11,138  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     5,700        29,619  

Macquarie Mexico Real Estate Management S.A. de C.V.*

     16,500        17,499  

Megacable Holdings S.A.B. de C.V. Series CPO

     3,600        14,722  
     

 

 

 
Total Mexico               72,978  
Netherlands – 1.3%      

Arcadis N.V.

     1,393        31,874  

 

See Notes to Financial Statements.

 

96   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Corbion N.V.

     1,112      $ 36,053  

ForFarmers N.V.

     875        10,969  

Intertrust N.V.(b)

     1,923        36,092  

Koninklijke BAM Groep N.V.

     3,029        13,934  

PostNL N.V.

     11,929        58,386  

Refresco Group N.V.(b)

     1,144        27,199  

Rhi Magnesita N.V.*

     462        24,191  

Van Lanschot Kempen N.V.

     478        15,010  
     

 

 

 
Total Netherlands               253,708  
New Zealand – 1.7%      

Chorus Ltd.

     14,705        43,924  

EBOS Group Ltd.

     2,656        35,040  

Genesis Energy Ltd.

     47,518        85,163  

Infratil Ltd.

     16,973        40,076  

Kiwi Property Group Ltd.

     30,158        30,135  

Mainfreight Ltd.

     627        11,322  

SKYCITY Entertainment Group Ltd.

     21,611        63,785  

Trade Me Group Ltd.

     7,740        26,643  
     

 

 

 
Total New Zealand               336,088  
Norway – 1.1%      

Atea ASA*

     3,200        45,187  

Borregaard ASA

     1,927        19,201  

Grieg Seafood ASA

     2,775        24,512  

Kongsberg Gruppen ASA

     1,874        34,596  

Ocean Yield ASA

     4,490        38,151  

Veidekke ASA

     3,522        39,938  

XXL ASA(b)

     2,084        21,657  
     

 

 

 
Total Norway               223,242  
Philippines – 0.1%      

D&L Industries, Inc.

     57,600        12,761  
Poland – 0.1%      

Asseco Poland S.A.

     815        10,315  

Eurocash S.A.

     1,235        9,408  
     

 

 

 
Total Poland               19,723  
Portugal – 0.7%      

Altri, SGPS, S.A.

     5,283        32,804  

Corticeira Amorim, SGPS, S.A.

     1,306        16,153  

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

     15,347        45,684  

Semapa-Sociedade de Investimento e Gestao

     2,012        42,993  
     

 

 

 
Total Portugal               137,634  
Singapore – 1.2%      

Bukit Sembawang Estates Ltd.

     3,600        16,890  

GuocoLand Ltd.

     13,800        23,131  

Ho Bee Land Ltd.

     7,300        13,438  

IGG, Inc.(a)

     18,000        19,434  

Keppel Infrastructure Trust

     114,300        49,179  

M1 Ltd.(a)

     31,300        41,690  

OUE Ltd.

     10,400        14,552  

Raffles Medical Group Ltd.(a)

     24,700        20,700  

United Engineers Ltd.

     13,800        27,261  

Wheelock Properties Singapore Ltd.

     11,600        16,492  
     

 

 

 
Total Singapore               242,767  
South Africa – 0.9%      

African Rainbow Minerals Ltd.

     2,044      22,164  

Barloworld Ltd.

     2,526        32,556  

Coronation Fund Managers Ltd.

     4,887        29,172  

EOH Holdings Ltd.

     1,605        8,743  

Hyprop Investments Ltd.

     3,508        33,238  

Pioneer Foods Group Ltd.

     1,771        19,610  

Tsogo Sun Holdings Ltd.

     15,477        30,454  
     

 

 

 
Total South Africa               175,937  
South Korea – 0.9%      

Cheil Worldwide, Inc.

     1,037        20,536  

Doosan Heavy Industries & Construction Co., Ltd.

     1,260        18,066  

Grand Korea Leisure Co., Ltd.

     837        22,869  

Hyundai Department Store Co., Ltd.

     285        27,820  

Hyundai Wia Corp.

     228        13,843  

KEPCO Plant Service & Engineering Co., Ltd.

     349        13,236  

LOTTE Himart Co., Ltd.

     302        19,436  

LS Industrial Systems Co., Ltd.

     474        28,824  

SKC Co., Ltd.

     312        13,698  
     

 

 

 
Total South Korea               178,328  
Spain – 0.9%      

Almirall S.A.(a)

     2,230        22,359  

Construcciones y Auxiliar de Ferrocarriles S.A.

     294        12,067  

Ence Energia y Celulosa S.A.

     3,928        25,942  

Euskaltel S.A.(b)

     3,942        32,179  

Parques Reunidos Servicios Centrales SAU(b)

     1,180        21,042  

Tecnicas Reunidas S.A.(a)

     1,684        53,506  
     

 

 

 
Total Spain               167,095  
Sweden – 2.1%      

AddTech AB Class B

     1,106        24,247  

AF AB Class B

     632        13,964  

Ahlstrom-Munksjo Oyj*

     1,371        29,913  

Attendo AB(b)

     1,062        11,408  

Betsson AB*

     4,320        31,922  

Bilia AB Class A

     1,704        16,650  

Bonava AB Class B

     1,702        23,823  

Bravida Holding AB(b)

     2,018        13,519  

Clas Ohlson AB Class B

     1,530        21,023  

Fagerhult AB

     801        9,832  

Hemfosa Fastigheter AB

     2,507        33,651  

Kungsleden AB

     2,888        20,988  

Mycronic AB(a)

     1,267        13,154  

NetEnt AB*

     3,750        25,878  

Nobia AB

     3,712        31,464  

Nolato AB Class B

     253        16,655  

Ratos AB Class B

     3,099        13,566  

Resurs Holding AB(b)

     2,226        15,837  

Scandic Hotels Group AB(b)

     1,574        22,637  

Wihlborgs Fastigheter AB

     1,166        27,955  
     

 

 

 
Total Sweden               418,086  
Switzerland – 0.7%      

ALSO Holding AG Registered Shares*

     95        13,063  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      97  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Bobst Group S.A. Registered Shares

     147      $ 19,550  

Bossard Holding AG Registered Shares Class A

     46        10,857  

Huber + Suhner AG Registered Shares

     279        14,558  

Oriflame Holding AG

     1,348        55,698  

u-blox Holding AG*

     78        15,352  
     

 

 

 
Total Switzerland               129,078  
Taiwan – 3.3%      

Accton Technology Corp.

     6,000        21,372  

Acer, Inc.*

     33,000        26,781  

Chicony Electronics Co., Ltd.

     12,230        30,823  

Chroma ATE, Inc.

     3,000        16,331  

CTCI Corp.

     10,000        15,172  

Elite Material Co., Ltd.

     4,000        13,643  

Giant Manufacturing Co., Ltd.

     5,000        27,471  

HannStar Display Corp.

     43,000        14,363  

Hota Industrial Manufacturing Co., Ltd.

     2,000        9,880  

Kenda Rubber Industrial Co., Ltd.

     12,000        15,142  

King Yuan Electronics Co., Ltd.

     24,000        24,396  

King’s Town Bank Co., Ltd.

     21,000        26,287  

LCY Chemical Corp.

     14,000        22,817  

Long Chen Paper Co., Ltd.

     8,000        11,251  

Merry Electronics Co., Ltd.

     3,000        19,608  

Micro-Star International Co., Ltd.

     15,000        38,611  

Primax Electronics Ltd.

     5,000        13,274  

Qisda Corp.

     37,000        26,297  

Radiant Opto-Electronics Corp.

     12,000        28,509  

Realtek Semiconductor Corp.

     12,000        43,954  

Synnex Technology International Corp.

     38,700        52,734  

Taiwan Secom Co., Ltd.

     12,000        36,937  

Teco Electric and Machinery Co., Ltd.

     24,000        22,985  

Tong Yang Industry Co., Ltd.

     6,000        11,613  

Transcend Information, Inc.

     8,000        22,232  

Tripod Technology Corp.

     6,000        18,751  

Walsin Lihwa Corp.

     51,000        30,163  

Wan Hai Lines Ltd.

     22,000        14,231  
     

 

 

 
Total Taiwan               655,628  
Thailand – 0.6%      

Bangchak Corp. PCL NVDR

     29,300        36,636  

Hana Microelectronics PCL NVDR

     13,100        17,887  

Jasmine International PCL NVDR

     93,900        20,457  

Kiatnakin Bank PCL NVDR

     7,800        18,967  

TTW PCL NVDR

     53,400        20,646  
     

 

 

 
Total Thailand               114,593  
Turkey – 0.2%      

Soda Sanayii AS

     12,214        16,236  

TAV Havalimanlari Holding AS

     4,632        27,438  
     

 

 

 
Total Turkey               43,674  
United Kingdom – 6.7%      

AA PLC

     22,817        52,472  

Ascential PLC

     4,401        22,939  

Big Yellow Group PLC

     2,289        26,924  

Bovis Homes Group PLC

     2,869        45,486  

Card Factory PLC

     14,816      59,145  

Computacenter PLC

     2,547        39,726  

Cranswick PLC

     445        20,088  

Crest Nicholson Holdings PLC

     7,482        55,161  

Dairy Crest Group PLC(a)

     3,160        24,644  

Diploma PLC

     1,838        31,005  

Drax Group PLC

     6,213        22,743  

Dunelm Group PLC

     4,250        39,813  

Elementis PLC

     12,770        49,768  

Essentra PLC

     5,530        39,610  

esure Group PLC

     6,050        20,338  

FDM Group Holdings PLC

     1,291        16,303  

Fidessa Group PLC

     442        15,133  

Galliford Try PLC

     3,250        56,538  

Genus PLC

     634        21,707  

Go-Ahead Group PLC

     1,473        29,670  

Greggs PLC

     1,431        27,082  

Hill & Smith Holdings PLC

     1,113        20,160  

Ibstock PLC(b)

     7,685        27,705  

J D Wetherspoon PLC

     1,496        25,438  

James Halstead PLC

     2,820        17,166  

John Laing Group PLC(b)

     4,437        17,646  

Just Group PLC

     8,580        19,778  

Marshalls PLC

     3,198        19,679  

McCarthy & Stone PLC(b)

     12,691        27,091  

Millennium & Copthorne Hotels PLC

     1,934        15,305  

Morgan Advanced Materials PLC

     6,627        30,238  

N Brown Group PLC

     6,890        25,230  

OneSavings Bank PLC

     2,213        12,352  

Pets at Home Group PLC

     12,038        28,726  

Polypipe Group PLC

     3,346        17,797  

PZ Cussons PLC

     5,514        24,130  

QinetiQ Group PLC

     10,607        33,160  

Renewi PLC

     13,710        19,158  

Safestore Holdings PLC

     3,256        22,005  

Savills PLC

     1,655        22,231  

Senior PLC

     5,579        19,675  

SIG PLC

     5,868        13,987  

Spire Healthcare Group PLC(b)

     5,663        19,427  

SuperGroup PLC

     1,182        31,611  

TBC Bank Group PLC

     524        12,405  

Ted Baker PLC

     553        20,280  

Telecom Plus PLC

     1,117        18,147  

Ultra Electronics Holdings PLC

     1,289        23,487  

Virgin Money Holdings UK PLC

     3,313        12,737  
     

 

 

 
Total United Kingdom               1,313,046  
United States – 46.2%      

1st Source Corp.

     427        21,115  

AAON, Inc.

     1,008        36,994  

AAR Corp.

     702        27,582  

Acushnet Holdings Corp.

     3,436        72,431  

ADTRAN, Inc.

     1,702        32,934  

Agree Realty Corp.

     1,436        73,868  

 

See Notes to Financial Statements.

 

98   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Alamo Group, Inc.

     127      $ 14,334  

Albany International Corp. Class A

     788        48,423  

Altra Industrial Motion Corp.

     838        42,235  

American Assets Trust, Inc.

     1,749        66,882  

American States Water Co.

     1,386        80,263  

Ameris Bancorp

     398        19,184  

AMERISAFE, Inc.

     1,503        92,585  

Apogee Enterprises, Inc.

     786        35,944  

Arch Coal, Inc. Class A

     526        49,002  

Artisan Partners Asset Management, Inc. Class A

     4,075        160,962  

Atrion Corp.

     28        17,657  

AZZ, Inc.

     315        16,096  

Badger Meter, Inc.

     651        31,118  

BancFirst Corp.

     568        29,053  

Beneficial Bancorp, Inc.

     1,483        24,395  

Berkshire Hills Bancorp, Inc.

     931        34,075  

Bloomin’ Brands, Inc.

     4,150        88,561  

Bob Evans Farms, Inc.

     714        56,277  

Boston Private Financial Holdings, Inc.

     2,758        42,611  

Brady Corp. Class A

     2,215        83,948  

Brinker International, Inc.

     4,792        186,121  

Brookline Bancorp, Inc.

     2,118        33,253  

Calavo Growers, Inc.

     501        42,284  

Caleres, Inc.

     1,114        37,297  

Calgon Carbon Corp.

     1,235        26,305  

California Water Service Group

     1,850        83,897  

Callaway Golf Co.

     911        12,690  

Camping World Holdings, Inc. Class A

     474        21,202  

CareTrust REIT, Inc.

     3,412        57,185  

CBL & Associates Properties, Inc.(a)

     23,725        134,283  

CenterState Bank Corp.

     566        14,563  

Cheesecake Factory, Inc. (The)(a)

     2,645        127,436  

Chesapeake Lodging Trust

     4,292        116,270  

Chesapeake Utilities Corp.

     515        40,453  

Chico’s FAS, Inc.

     12,779        112,711  

City Holding Co.

     458        30,901  

Coca-Cola Bottling Co. Consolidated

     82        17,651  

Cohen & Steers, Inc.

     1,996        94,391  

Comfort Systems USA, Inc.

     778        33,960  

CONMED Corp.

     925        47,147  

Consolidated Communications Holdings, Inc.

     9,712        118,389  

Cooper Tire & Rubber Co.

     1,374        48,571  

Core-Mark Holding Co., Inc.

     1,157        36,538  

Covanta Holding Corp.(a)

     17,443        294,787  

CSG Systems International, Inc.

     793        34,749  

Cubic Corp.

     346        20,397  

Deltic Timber Corp.

     184        16,845  

Diebold Nixdorf, Inc.

     4,578        74,850  

Dillard’s, Inc. Class A(a)

     409        24,560  

DSW, Inc. Class A

     3,342        71,552  

Emerald Expositions Events, Inc.

     1,214        24,693  

Employers Holdings, Inc.

     420        18,648  

EnPro Industries, Inc.

     521        48,719  

Ensign Group, Inc. (The)

     654        14,519  

ESCO Technologies, Inc.

     408      24,582  

Exponent, Inc.

     588        41,807  

FBL Financial Group, Inc. Class A

     1,200        83,580  

Federal Signal Corp.

     1,675        33,651  

First Busey Corp.

     1,040        31,138  

First Commonwealth Financial Corp.

     2,640        37,805  

First Financial Bancorp

     1,911        50,355  

First Interstate BancSystem, Inc. Class A

     796        31,880  

Forward Air Corp.

     722        41,472  

Four Corners Property Trust, Inc.

     2,943        75,635  

Franklin Street Properties Corp.

     2,261        24,283  

Getty Realty Corp.

     1,842        50,029  

Global Net Lease, Inc.

     3,410        70,178  

Government Properties Income Trust

     4,023        74,586  

Greenbrier Cos., Inc. (The)

     1,070        57,031  

Greif, Inc. Class A

     1,603        97,110  

Group 1 Automotive, Inc.

     698        49,537  

Guess?, Inc.

     9,819        165,745  

Heartland Financial USA, Inc.

     339        18,187  

Hecla Mining Co.

     2,557        10,151  

HFF, Inc. Class A

     1,708        83,077  

HNI Corp.

     2,481        95,692  

Horace Mann Educators Corp.

     1,285        56,668  

Independent Bank Group, Inc.

     233        15,751  

Innospec, Inc.

     672        47,443  

Insperity, Inc.

     1,268        72,720  

Inter Parfums, Inc.

     1,070        46,491  

Interface, Inc.

     1,699        42,730  

Kadant, Inc.

     220        22,088  

Kaiser Aluminum Corp.

     706        75,436  

Kaman Corp.

     939        55,251  

Kearny Financial Corp.

     810        11,705  

Kite Realty Group Trust

     6,530        127,988  

La-Z-Boy, Inc.

     1,187        37,034  

Lakeland Financial Corp.

     516        25,021  

LegacyTexas Financial Group, Inc.

     914        38,580  

LTC Properties, Inc.

     2,461        107,177  

ManTech International Corp. Class A

     1,022        51,294  

Marten Transport Ltd.

     595        12,079  

Matson, Inc.

     1,352        40,344  

MDC Holdings, Inc.

     3,383        107,850  

Methode Electronics, Inc.

     682        27,348  

Mobile Mini, Inc.

     1,599        55,165  

Moelis & Co. Class A

     980        47,530  

Monmouth Real Estate Investment Corp. Class A

     3,691        65,700  

Monro, Inc.

     1,047        59,627  

Multi-Color Corp.

     163        12,201  

National Storage Affiliates Trust

     2,331        63,543  

NBT Bancorp, Inc.

     1,316        48,429  

Neenah Paper, Inc.

     650        58,922  

Nelnet, Inc. Class A

     437        23,939  

NIC, Inc.

     7,109        118,009  

Northwest Bancshares, Inc.

     4,126        69,028  

Northwest Natural Gas Co.

     1,573        93,829  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      99  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Global SmallCap Dividend Fund (GSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

NRG Yield, Inc. Class C

     7,135      $ 134,851  

Nutrisystem, Inc.

     753        39,608  

Otter Tail Corp.

     2,175        96,679  

Owens & Minor, Inc.

     4,971        93,852  

Oxford Industries, Inc.

     685        51,505  

Park National Corp.

     611        63,544  

Plantronics, Inc.

     1,076        54,209  

Primoris Services Corp.

     926        25,178  

Progress Software Corp.

     1,243        52,915  

Provident Financial Services, Inc.

     2,140        57,716  

Quaker Chemical Corp.

     276        41,618  

Raven Industries, Inc.

     1,201        41,254  

RE/MAX Holdings, Inc. Class A

     340        16,490  

Red Rock Resorts, Inc. Class A

     2,195        74,059  

REV Group, Inc.

     824        26,805  

S&T Bancorp, Inc.

     866        34,475  

Safety Insurance Group, Inc.

     602        48,401  

Saul Centers, Inc.

     992        61,256  

Schweitzer-Mauduit International, Inc.

     777        35,245  

Shenandoah Telecommunications Co.

     742        25,080  

Simmons First National Corp. Class A

     642        36,658  

SJW Group

     609        38,872  

SM Energy Co.

     1,421        31,376  

Southside Bancshares, Inc.

     1,085        36,543  

Standex International Corp.

     211        21,490  

State Auto Financial Corp.

     908        26,441  

Steelcase, Inc. Class A

     4,184        63,597  

Stepan Co.

     479        37,827  

Summit Hotel Properties, Inc.

     5,085        77,445  

Sun Hydraulics Corp.

     373        24,129  

TeleTech Holdings, Inc.

     1,093        43,993  

Tennant Co.

     537        39,013  

Terreno Realty Corp.

     1,429        50,101  

Time, Inc.

     4,228        78,007  

Tompkins Financial Corp.

     419        34,086  

Tootsie Roll Industries, Inc.(a)

     809        29,448  

Triumph Group, Inc.

     578        15,722  

U.S. Ecology, Inc.

     760        38,760  

Union Bankshares Corp.

     1,194        43,187  

United Fire Group, Inc.

     749        34,139  

Universal Corp.

     1,136        59,640  

Viad Corp.

     315        17,451  

Virtu Financial, Inc. Class A(a)

     3,513        64,288  

Wabash National Corp.

     1,463        31,747  

Waddell & Reed Financial, Inc. Class A

     8,610        192,347  

Warrior Met Coal, Inc.

     576        14,486  

Washington Prime Group, Inc.

     24,896        177,260  

Watts Water Technologies, Inc. Class A

     700        53,165  

WD-40 Co.

     503        59,354  

Weis Markets, Inc.

     564        23,344  

WesBanco, Inc.

     1,281        52,073  

Westamerica Bancorporation(a)

     815        48,533  

Winnebago Industries, Inc.

     618        34,361  

WSFS Financial Corp.

     254      12,154  
     

 

 

 
Total United States               9,116,554  
TOTAL COMMON STOCKS
(Cost: $17,319,915)
              19,563,254  
RIGHTS – 0.0%      
Australia – 0.0%      

Cleanaway Waste Management Ltd., expiring 1/19/18*

     
(Cost $0)      4,077        478  
EXCHANGE-TRADED NOTE – 0.5%      
United States – 0.5%      
iPath MSCI India Index ETN*
(Cost: $91,676)
     1,170        103,335  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.2%  
United States – 3.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c)

     
(Cost: $625,240)(d)      625,240        625,240  
TOTAL INVESTMENTS IN SECURITIES – 102.9%
(Cost: $18,036,831)
        20,292,307  

Other Assets less Liabilities – (2.9)%

        (566,809
     

 

 

 
NET ASSETS – 100.0%             $ 19,725,498  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(d) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $844,061 and the total market value of the collateral held by the Fund was $885,355. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $260,115.

ETN – Exchange-Traded Note

NVDR – Non-Voting Depositary Receipt

 

See Notes to Financial Statements.

 

100   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 97.7%      
China – 97.7%      
Aerospace & Defense – 0.5%      

AECC Aero-Engine Control Co., Ltd. Class A

     400      $ 939  

AECC Aviation Power Co., Ltd. Class A

     900        3,722  

AVIC Aircraft Co., Ltd. Class A

     1,200        3,112  

AVIC Electromechanical Systems Co., Ltd. Class A

     800        1,326  

AVIC Helicopter Co., Ltd. Class A

     300        2,144  

China Aerospace Times Electronics Co., Ltd. Class A*

     1,600        1,926  

China Avionics Systems Co., Ltd. Class A

     400        841  

China Spacesat Co., Ltd. Class A

     600        2,326  
     

 

 

 
Total Aerospace & Defense               16,336  
Air Freight & Logistics – 0.2%      

Shenzhen Feima International Supply Chain Co., Ltd. Class A

     400        760  

STO Express Co., Ltd. Class A

     300        1,138  

ZTO Express Cayman, Inc. ADR*

     259        4,105  
     

 

 

 
Total Air Freight & Logistics               6,003  
Airlines – 0.7%      

Air China Ltd. Class A

     1,500        2,838  

Air China Ltd. Class H

     2,000        2,425  

China Eastern Airlines Corp., Ltd. Class A

     4,600        5,799  

China Southern Airlines Co., Ltd. Class A

     2,900        5,308  

China Southern Airlines Co., Ltd. Class H

     2,000        2,065  

Hainan Airlines Holding Co., Ltd. Class A

     6,700        3,282  

Juneyao Airlines Co., Ltd. Class A

     500        1,175  
     

 

 

 
Total Airlines               22,892  
Auto Components – 0.9%      

Anhui Zhongding Sealing Parts Co., Ltd. Class A

     700        1,953  

China Shipbuilding Industry Group Power Co., Ltd. Class A

     300        1,143  

Fuyao Glass Industry Group Co., Ltd. Class A

     1,300        5,789  

Fuyao Glass Industry Group Co., Ltd. Class H(a)

     800        3,372  

Huayu Automotive Systems Co., Ltd. Class A

     1,300        5,925  

Ningbo Joyson Electronic Corp. Class A

     400        2,019  

Wanxiang Qianchao Co., Ltd. Class A

     1,300        2,026  

Weifu High-Technology Group Co., Ltd. Class A

     500        1,843  

Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. Class A

     700        2,208  

Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A

     1,100        3,024  
     

 

 

 
Total Auto Components               29,302  
Automobiles – 2.6%      

Anhui Jianghuai Automobile Group Corp., Ltd. Class A

     900        1,308  

Beiqi Foton Motor Co., Ltd. Class A

     4,600        1,978  

Brilliance China Automotive Holdings Ltd.

     4,000        10,694  

BYD Co., Ltd. Class A

     700        6,993  

BYD Co., Ltd. Class H

     1,000        8,712  

Chongqing Changan Automobile Co., Ltd. Class A

     1,900        3,676  

Chongqing Changan Automobile Co., Ltd. Class B

     800        880  

Dongfeng Motor Group Co., Ltd. Class H

     4,000        4,841  

Geely Automobile Holdings Ltd.

     5,000        17,333  

Great Wall Motor Co., Ltd. Class A

     900        1,589  

Great Wall Motor Co., Ltd. Class H

     3,500      4,007  

Guangzhou Automobile Group Co., Ltd. Class A

     247        935  

Guangzhou Automobile Group Co., Ltd. Class H

     2,000        4,738  

SAIC Motor Corp., Ltd. Class A

     2,800        13,974  
     

 

 

 
Total Automobiles               81,658  
Banks – 16.3%      

Agricultural Bank of China Ltd. Class A

     34,200        20,115  

Agricultural Bank of China Ltd. Class H

     26,000        12,106  

Bank of China Ltd. Class A

     20,500        12,529  

Bank of China Ltd. Class H

     74,000        36,350  

Bank of Communications Co., Ltd. Class A

     19,400        18,500  

Bank of Communications Co., Ltd. Class H

     21,000        15,581  

China CITIC Bank Corp., Ltd. Class A

     3,000        2,856  

China CITIC Bank Corp., Ltd. Class H

     12,000        7,522  

China Construction Bank Corp. Class A

     6,900        8,148  

China Construction Bank Corp. Class H

     102,000        93,946  

China Merchants Bank Co., Ltd. Class A

     15,400        68,628  

China Merchants Bank Co., Ltd. Class H

     4,000        15,913  

China Minsheng Banking Corp., Ltd. Class A

     25,500        32,854  

China Minsheng Banking Corp., Ltd. Class H

     6,500        6,511  

Industrial & Commercial Bank of China Ltd. Class A

     20,900        19,899  

Industrial & Commercial Bank of China Ltd. Class H

     76,000        61,152  

Industrial Bank Co., Ltd. Class A

     15,100        39,420  

Shanghai Pudong Development Bank Co., Ltd. Class A

     17,100        33,060  
     

 

 

 
Total Banks               505,090  
Beverages – 3.0%      

China Resources Beer Holdings Co., Ltd.

     2,000        7,176  

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A

     600        10,596  

Kweichow Moutai Co., Ltd. Class A

     400        42,783  

Luzhou Laojiao Co., Ltd. Class A

     700        7,095  

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A

     300        2,625  

Tsingtao Brewery Co., Ltd. Class A

     300        1,812  

Wuliangye Yibin Co., Ltd. Class A

     1,700        20,853  
     

 

 

 
Total Beverages               92,940  
Biotechnology – 0.4%      

3SBio, Inc.*(a)

     1,500        2,944  

Beijing SL Pharmaceutical Co., Ltd. Class A

     400        1,902  

Beijing Tiantan Biological Products Corp., Ltd. Class A

     200        884  

Hualan Biological Engineering, Inc. Class A

     500        2,064  

Jinyu Bio-Technology Co., Ltd. Class A

     700        3,410  

Shanghai RAAS Blood Products Co., Ltd. Class A

     900        2,743  
     

 

 

 
Total Biotechnology               13,947  
Building Products – 0.1%      

Beijing New Building Materials PLC Class A

     800        2,764  

Beijing Shouhang Resources Saving Co., Ltd. Class A

     1,100        1,125  
     

 

 

 
Total Building Products               3,889  
Capital Markets – 0.9%      

CITIC Securities Co., Ltd. Class A

     7,700        21,367  

CITIC Securities Co., Ltd. Class H

     2,500        5,155  
     

 

 

 
Total Capital Markets               26,522  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      101  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
Chemicals – 1.8%      

CEFC Anhui International Holding Co., Ltd. Class A

     800      $ 869  

China Hainan Rubber Industry Group Co., Ltd. Class A*

     1,100        939  

Do-Fluoride Chemicals Co., Ltd. Class A

     600        1,881  

Hengyi Petrochemical Co., Ltd. Class A

     300        994  

Hongda Xingye Co., Ltd. Class A

     900        945  

Hubei Biocause Pharmaceutical Co., Ltd. Class A

     1,100        1,351  

Hubei Kaile Science & Technology Co., Ltd. Class A*

     400        1,785  

Jiangsu Bicon Pharmaceutical Listed Co. Class A

     200        819  

Kangde Xin Composite Material Group Co., Ltd. Class A

     2,500        8,523  

Kingfa Sci & Tech Co., Ltd. Class A

     1,400        1,413  

Lomon Billions Group Co., Ltd. Class A

     500        1,230  

Luxi Chemical Group Co., Ltd. Class A*

     1,000        2,445  

Ningbo Shanshan Co., Ltd. Class A

     600        1,786  

North Huajin Chemical Industries Co., Ltd. Class A

     800        1,171  

Qinghai Salt Lake Industry Co., Ltd. Class A

     1,400        2,991  

Rongsheng Petro Chemical Co., Ltd. Class A

     800        1,763  

Shandong Hualu Hengsheng Chemical Co., Ltd. Class A

     1,100        2,694  

Sichuan Hebang Biotechnology Co., Ltd. Class A

     2,900        891  

Sinopec Shanghai Petrochemical Co., Ltd. Class A

     1,800        1,752  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     4,000        2,277  

Tangshan Sanyou Chemical Industries Co., Ltd. Class A

     900        1,325  

Tianqi Lithium Corp. Class A

     600        4,910  

Tongkun Group Co., Ltd. Class A

     600        2,074  

Xinjiang Zhongtai Chemical Co., Ltd. Class A

     1,200        2,453  

Zhejiang Longsheng Group Co., Ltd. Class A

     2,200        3,956  

Zhejiang Runtu Co., Ltd. Class A

     300        907  

Zibo Qixiang Tengda Chemical Co., Ltd. Class A

     600        1,168  
     

 

 

 
Total Chemicals               55,312  
Commercial Services & Supplies – 0.4%      

China Everbright International Ltd.

     3,000        4,283  

Eternal Asia Supply Chain Management Ltd. Class A

     1,200        1,299  

Jihua Group Corp., Ltd. Class A

     1,400        1,447  

TianGuang ZhongMao Co., Ltd. Class A

     800        1,107  

Tus-Sound Environmental Resources Co., Ltd. Class A

     600        3,042  
     

 

 

 
Total Commercial Services & Supplies               11,178  
Communications Equipment – 0.5%      

ZTE Corp. Class A*

     2,100        11,725  

ZTE Corp. Class H*

     800        3,004  
     

 

 

 
Total Communications Equipment               14,729  
Construction & Engineering – 2.3%      

China CAMC Engineering Co., Ltd. Class A

     400        1,132  

China Communications Construction Co., Ltd. Class A

     1,300        2,555  

China Communications Construction Co., Ltd. Class H

     5,000        5,680  

China Gezhouba Group Co., Ltd. Class A

     2,600        3,274  

China Nuclear Engineering Corp., Ltd. Class A

     500        789  

China Railway Construction Corp., Ltd. Class A

     3,800        6,506  

China Railway Construction Corp., Ltd. Class H

     2,000        2,318  

China Railway Group Ltd. Class A

     6,000        7,730  

China Railway Group Ltd. Class H

     4,000        2,958  

China Railway Hi-tech Industry Co., Ltd. Class A

     700        1,305  

China State Construction Engineering Corp., Ltd. Class A

     12,500        17,314  

China State Construction International Holdings Ltd.

     2,000      2,799  

Jiangsu Zhongnan Construction Group Co., Ltd. Class A

     1,600        1,575  

Metallurgical Corp. of China Ltd. Class A

     3,900        2,899  

Northcom Group Co., Ltd. Class A*

     300        1,039  

Power Construction Corp. of China Ltd. Class A

     3,000        3,326  

Shanghai Construction Group Co., Ltd. Class A

     4,900        2,799  

Shanghai Tunnel Engineering Co., Ltd. Class A

     1,700        2,180  

Suzhou Gold Mantis Construction Decoration Co., Ltd. Class A

     1,300        3,058  
     

 

 

 
Total Construction & Engineering               71,236  
Construction Materials – 0.9%      

Anhui Conch Cement Co., Ltd. Class A

     1,400        6,312  

Anhui Conch Cement Co., Ltd. Class H

     1,500        7,052  

BBMG Corp. Class A

     3,000        2,502  

BBMG Corp. Class H

     2,000        908  

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Class A

     500        3,068  

China Jushi Co., Ltd. Class A

     1,700        4,242  

CSG Holding Co., Ltd. Class A

     1,500        1,946  

Jilin Yatai Group Co., Ltd. Class A*

     1,500        1,216  
     

 

 

 
Total Construction Materials               27,246  
Containers & Packaging – 0.1%      

Org Packaging Co., Ltd. Class A*

     1,100        1,056  

Shenzhen Jinjia Group Co., Ltd. Class A

     800        1,136  
     

 

 

 
Total Containers & Packaging               2,192  
Distributors – 0.2%      

Anhui Xinhua Media Co., Ltd. Class A

     600        975  

Liaoning Cheng Da Co., Ltd. Class A*

     1,200        3,245  

Wuchan Zhongda Group Co., Ltd. Class A

     1,200        1,257  
     

 

 

 
Total Distributors               5,477  
Diversified Consumer Services – 0.6%      

New Oriental Education & Technology Group, Inc. ADR

     127        11,938  

TAL Education Group ADR

     277        8,230  
     

 

 

 
Total Diversified Consumer Services               20,168  
Electrical Equipment – 1.6%      

Changyuan Group Ltd. Class A

     1,000        2,425  

Dongfang Electric Corp., Ltd. Class A*

     1,000        1,725  

Fangda Carbon New Material Co., Ltd. Class A

     1,100        4,878  

Guoxuan High-Tech Co., Ltd. Class A

     600        2,051  

Hongfa Technology Co., Ltd. Class A

     300        1,905  

Jiangsu Zhongtian Technology Co., Ltd. Class A

     1,800        3,853  

Jiangxi Special Electric Motor Co., Ltd. Class A

     1,100        1,912  

Luxshare Precision Industry Co., Ltd. Class A

     1,200        4,319  

NARI Technology Co., Ltd. Class A

     1,400        3,924  

Shanghai Electric Group Co., Ltd. Class A*

     3,400        3,493  

Shanghai Electric Group Co., Ltd. Class H*

     2,000        824  

Suzhou Anjie Technology Co., Ltd. Class A

     200        801  

TBEA Co., Ltd. Class A

     3,000        4,566  

Xinjiang Goldwind Science & Technology Co., Ltd. Class A

     1,900        5,500  

Xinjiang Goldwind Science & Technology Co., Ltd. Class H

     600        1,019  

 

See Notes to Financial Statements.

 

102   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

XJ Electric Co., Ltd. Class A

     500      $ 1,013  

Zhejiang Chint Electrics Co., Ltd. Class A

     300        1,204  

Zhongshan Broad Ocean Motor Co., Ltd. Class A

     1,000        1,070  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     600        3,903  
     

 

 

 
Total Electrical Equipment               50,385  
Electronic Equipment, Instruments & Components – 1.5%     

AAC Technologies Holdings, Inc.

     1,000        17,832  

GoerTek, Inc. Class A

     1,800        4,796  

Hangzhou Hikvision Digital Technology Co., Ltd. Class A

     3,200        19,165  

Zhejiang Dahua Technology Co., Ltd. Class A

     1,300        4,609  
     

 

 

 
Total Electronic Equipment, Instruments & Components        46,402  
Energy Equipment & Services – 0.1%      

Fullshare Holdings Ltd.*

     7,500        3,454  
Food & Staples Retailing – 0.3%      

Shanghai Bailian Group Co., Ltd. Class A

     800        1,656  

Sun Art Retail Group Ltd.

     2,500        2,642  

Yonghui Superstores Co., Ltd. Class A

     3,200        4,963  
     

 

 

 
Total Food & Staples Retailing               9,261  
Food Products – 2.3%      

Beijing Dabeinong Technology Group Co., Ltd. Class A

     1,500        1,396  

China Mengniu Dairy Co., Ltd.

     3,000        8,923  

Dali Foods Group Co., Ltd.(a)

     2,000        1,816  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     700        5,785  

Guangdong Haid Group Co., Ltd. Class A

     600        2,156  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     900        3,662  

Inner Mongolia Yili Industrial Group Co., Ltd. Class A

     4,500        22,251  

Muyuan Foodstuff Co., Ltd. Class A

     300        2,435  

New Hope Liuhe Co., Ltd. Class A

     1,900        2,174  

Tingyi Cayman Islands Holding Corp.

     2,000        3,889  

Want Want China Holdings Ltd.

     7,000        5,865  

WH Group Ltd.(a)

     7,000        7,898  

Yuan Longping High-tech Agriculture Co., Ltd. Class A

     700        2,765  
     

 

 

 
Total Food Products               71,015  
Gas Utilities – 0.4%      

China Gas Holdings Ltd.

     2,400        6,631  

China Resources Gas Group Ltd.

     2,000        7,253  
     

 

 

 
Total Gas Utilities               13,884  
Health Care Equipment & Supplies – 0.1%      

Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. Class A

     600        1,806  
Health Care Providers & Services – 0.8%      

China National Accord Medicines Corp., Ltd. Class A

     100        925  

Huadong Medicine Co., Ltd. Class A

     400        3,310  

Jointown Pharmaceutical Group Co., Ltd. Class A*

     600        1,741  

Meinian Onehealth Healthcare Holdings Co., Ltd. Class A

     1,200        4,030  

Realcan Pharmaceutical Co., Ltd. Class A

     400        826  

Searainbow Holding Corp. Class A*

     600        3,977  

Shanghai Pharmaceuticals Holding Co., Ltd. Class A

     1,000        3,716  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     700        1,894  

Sinopharm Group Co., Ltd. Class H

     1,200      5,189  
     

 

 

 
Total Health Care Providers & Services               25,608  
Hotels, Restaurants & Leisure – 0.9%      

China International Travel Service Corp., Ltd. Class A

     800        5,324  

China Lodging Group Ltd. ADR

     27        3,900  

Shenzhen Overseas Chinese Town Co., Ltd. Class A

     3,000        3,911  

Yum China Holdings, Inc.

     371        14,847  
     

 

 

 
Total Hotels, Restaurants & Leisure               27,982  
Household Durables – 3.0%      

Gree Electric Appliances, Inc. of Zhuhai Class A

     4,200        28,185  

Haier Electronics Group Co., Ltd.*

     2,000        5,475  

Hangzhou Robam Appliances Co., Ltd. Class A

     500        3,693  

Hisense Electric Co., Ltd. Class A

     700        1,615  

Leo Group Co., Ltd. Class A

     2,400        958  

Midea Group Co., Ltd. Class A

     3,700        31,494  

NavInfo Co., Ltd. Class A

     800        3,242  

Qingdao Haier Co., Ltd. Class A

     3,300        9,552  

Suofeiya Home Collection Co., Ltd. Class A

     500        2,826  

TCL Corp. Class A

     7,700        4,612  
     

 

 

 
Total Household Durables               91,652  
Independent Power & Renewable Electricity Producers – 1.9%     

CGN Power Co., Ltd. Class H(a)

     10,000        2,712  

China National Nuclear Power Co., Ltd. Class A

     4,100        4,621  

China Power International Development Ltd.

     4,000        1,049  

China Resources Power Holdings Co., Ltd.

     2,000        3,725  

China Yangtze Power Co., Ltd. Class A

     7,100        16,998  

Datang International Power Generation Co., Ltd. Class A*

     1,900        1,211  

GD Power Development Co., Ltd. Class A

     10,300        4,919  

Huadian Power International Corp., Ltd. Class A

     2,700        1,538  

Huaneng Power International, Inc. Class A

     3,800        3,606  

Huaneng Power International, Inc. Class H

     6,000        3,761  

Hubei Energy Group Co., Ltd. Class A

     1,900        1,351  

SDIC Power Holdings Co., Ltd. Class A

     3,100        3,494  

Shanghai Electric Power Co., Ltd. Class A

     800        1,123  

Shenergy Co., Ltd. Class A

     2,200        1,980  

Shenzhen Energy Group Co., Ltd. Class A

     1,000        930  

Sichuan Chuantou Energy Co., Ltd. Class A

     2,100        3,283  

Zhejiang Zheneng Electric Power Co., Ltd. Class A

     2,900        2,374  
     

 

 

 
Total Independent Power & Renewable Electricity Producers        58,675  
Industrial Conglomerates – 0.5%      

Beijing Enterprises Holdings Ltd.

     500        2,968  

China Baoan Group Co., Ltd. Class A

     1,800        1,998  

CITIC Ltd.

     7,000        10,101  
     

 

 

 
Total Industrial Conglomerates               15,067  
Insurance – 7.0%      

China Life Insurance Co., Ltd. Class A

     1,500        7,014  

China Life Insurance Co., Ltd. Class H

     7,000        21,983  

China Pacific Insurance Group Co., Ltd. Class A

     3,266        20,773  

China Pacific Insurance Group Co., Ltd. Class H

     2,800        13,450  

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

     9,300        99,941  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      103  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

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

     5,000      $ 52,032  
     

 

 

 
Total Insurance               215,193  
Internet & Catalog Retail – 1.7%      

Ctrip.com International Ltd. ADR*

     390        17,199  

JD.com, Inc. ADR*

     751        31,106  

Vipshop Holdings Ltd. ADR*

     369        4,325  
     

 

 

 
Total Internet & Catalog Retail               52,630  
Internet Software & Services – 17.7%      

Alibaba Group Holding Ltd. ADR*

     1,096        188,983  

Baidu, Inc. ADR*

     266        62,300  

NetEase, Inc. ADR

     72        24,845  

Tencent Holdings Ltd.

     5,200        270,068  
     

 

 

 
Total Internet Software & Services               546,196  
Leisure Products – 0.0%      

Alpha Group Class A

     400        878  
Machinery – 2.7%      

Beijing SPC Environment Protection Tech Co., Ltd. Class A

     600        2,094  

China Conch Venture Holdings Ltd.

     2,000        4,631  

China International Marine Containers Group Co., Ltd. Class A

     900        3,158  

China Shipbuilding Industry Co., Ltd. Class A*

     9,300        8,612  

CRRC Corp., Ltd. Class A

     7,800        14,517  

CRRC Corp., Ltd. Class H

     4,000        4,278  

Fujian Longking Co., Ltd. Class A

     800        2,125  

Haitian International Holdings Ltd.

     1,000        3,006  

Han’s Laser Technology Industry Group Co., Ltd. Class A

     800        6,069  

Inner Mongolia First Machinery Group Co., Ltd. Class A

     600        1,110  

North Navigation Control Technology Co., Ltd. Class A

     700        1,325  

Sany Heavy Industry Co., Ltd. Class A

     3,600        5,014  

Shanghai Mechanical and Electrical Industry Co., Ltd. Class A

     300        1,129  

Suzhou Dongshan Precision Manufacturing Co., Ltd. Class A

     400        1,748  

Tian Di Science & Technology Co., Ltd. Class A

     1,200        857  

Weichai Power Co., Ltd. Class A

     4,200        5,379  

Weichai Power Co., Ltd. Class H

     2,000        2,190  

XCMG Construction Machinery Co., Ltd. Class A

     3,900        2,773  

Yangzijiang Shipbuilding Holdings Ltd.

     2,200        2,420  

Zhejiang Sanhua Intelligent Controls Co., Ltd. Class A

     800        2,253  

Zhengzhou Yutong Bus Co., Ltd. Class A

     1,100        4,066  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class A

     4,800        3,295  
     

 

 

 
Total Machinery               82,049  
Marine – 0.2%      

COSCO Shipping Development Co., Ltd. Class A*

     2,600        1,361  

COSCO Shipping Energy Transportation Co., Ltd. Class A

     1,100        1,034  

COSCO Shipping Holdings Co., Ltd. Class A*

     3,000        3,119  

COSCO Shipping Holdings Co., Ltd. Class H*

     2,000        1,031  
     

 

 

 
Total Marine               6,545  
Media – 0.6%      

Alibaba Pictures Group Ltd.*

     20,000      2,686  

China Film Co., Ltd. Class A

     400        946  

China Media Group Class A

     1,800        2,767  

China South Publishing & Media Group Co., Ltd. Class A

     500        1,067  

Chinese Universe Publishing and Media Co., Ltd. Class A

     500        1,300  

CITIC Guoan Information Industry Co., Ltd. Class A

     2,400        3,534  

Perfect World Co., Ltd. Class A

     200        1,028  

Shanghai Oriental Pearl Group Co., Ltd. Class A

     1,700        4,349  
     

 

 

 
Total Media               17,677  
Metals & Mining – 3.2%      

Aluminum Corp. of China Ltd. Class H*

     4,000        2,860  

Angang Steel Co., Ltd. Class A

     1,100        1,073  

Baoshan Iron & Steel Co., Ltd. Class A

     7,260        9,644  

Beijing Shougang Co., Ltd. Class A*

     1,000        918  

China Molybdenum Co., Ltd. Class A

     2,600        2,747  

China Molybdenum Co., Ltd. Class H

     6,000        3,853  

China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. Class A

     1,100        1,086  

China Northern Rare Earth Group High-Tech Co., Ltd. Class A

     2,200        4,926  

GEM Co., Ltd. Class A

     3,100        3,423  

Guangdong HEC Technology Holding Co., Ltd. Class A*

     1,200        1,244  

Henan Shenhuo Coal & Power Co., Ltd. Class A

     1,000        1,559  

Hesteel Co., Ltd. Class A

     4,500        2,695  

Hunan Gold Corp., Ltd. Class A

     600        894  

Inner Mongolia BaoTou Steel Union Co., Ltd. Class A*

     10,600        4,004  

Jiangxi Copper Co., Ltd. Class A

     900        2,790  

Jiangxi Copper Co., Ltd. Class H

     2,000        3,172  

Jiangxi Ganfeng Lithium Co., Ltd. Class A

     500        5,509  

Jinduicheng Molybdenum Co., Ltd. Class A*

     800        888  

Maanshan Iron & Steel Co., Ltd. Class A*

     2,300        1,459  

SGIS Songshan Co., Ltd. Class A*

     900        1,225  

Shaanxi Ligeance Mineral Resources Co., Ltd. Class A*

     300        1,061  

Shandong Gold Mining Co., Ltd. Class A

     600        2,874  

Shandong Nanshan Aluminum Co., Ltd. Class A

     4,900        2,769  

Shanxi Taigang Stainless Steel Co., Ltd. Class A

     1,900        1,447  

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A

     1,500        2,573  

Tongling Nonferrous Metals Group Co., Ltd. Class A*

     5,700        2,556  

Western Mining Co., Ltd. Class A

     1,700        2,141  

Xiamen Tungsten Co., Ltd. Class A

     500        1,976  

Xinxing Ductile Iron Pipes Co., Ltd. Class A

     2,000        1,603  

Yintai Resources Co., Ltd. Class A*

     400        821  

Yunnan Aluminium Co., Ltd. Class A*

     900        1,414  

Yunnan Chihong Zinc & Germanium Co., Ltd. Class A*

     2,200        2,399  

Yunnan Copper Co., Ltd. Class A*

     700        1,525  

Yunnan Tin Co., Ltd. Class A*

     700        1,419  

Zhejiang Huayou Cobalt Co., Ltd. Class A*

     200        2,468  

Zhongjin Gold Corp., Ltd. Class A

     1,700        2,584  

Zijin Mining Group Co., Ltd. Class A

     11,600        8,176  

Zijin Mining Group Co., Ltd. Class H

     6,000        2,264  
     

 

 

 
Total Metals & Mining               98,039  

 

See Notes to Financial Statements.

 

104   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
Multiline Retail – 0.1%      

Nanjing Xinjiekou Department Store Co., Ltd. Class A

     500      $ 2,907  
Oil, Gas & Consumable Fuels – 2.9%      

China Coal Energy Co., Ltd. Class A

     1,500        1,318  

China Coal Energy Co., Ltd. Class H

     2,000        903  

China Petroleum & Chemical Corp. Class A

     9,300        8,754  

China Petroleum & Chemical Corp. Class H

     26,000        19,058  

China Shenhua Energy Co., Ltd. Class A

     2,000        7,113  

China Shenhua Energy Co., Ltd. Class H

     3,500        9,066  

CNOOC Ltd.

     16,000        22,965  

PetroChina Co., Ltd. Class A

     3,200        3,975  

PetroChina Co., Ltd. Class H

     22,000        15,338  
     

 

 

 
Total Oil, Gas & Consumable Fuels               88,490  
Paper & Forest Products – 0.3%      

Lee & Man Paper Manufacturing Ltd.

     2,000        2,364  

Nine Dragons Paper Holdings Ltd.

     2,000        3,203  

Shandong Chenming Paper Holdings Ltd. Class A

     800        2,048  

Shandong Sun Paper Industry JSC Ltd. Class A

     1,000        1,425  

Shanying International Holding Co., Ltd. Class A

     2,200        1,463  
     

 

 

 
Total Paper & Forest Products               10,503  
Personal Products – 0.4%      

Hengan International Group Co., Ltd.

     1,000        11,097  

Shanghai Jahwa United Co., Ltd. Class A

     500        2,830  
     

 

 

 
Total Personal Products               13,927  
Pharmaceuticals – 3.7%      

Beijing Tongrentang Co., Ltd. Class A

     700        3,468  

Changchun High & New Technology Industries, Inc. Class A

     200        5,620  

China Medical System Holdings Ltd.

     2,000        4,661  

China Resources Pharmaceutical Group Ltd.(a)

     2,000        2,589  

China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. Class A

     300        1,253  

CSPC Pharmaceutical Group Ltd.

     4,000        8,074  

Dong-E-E-Jiao Co., Ltd. Class A

     500        4,628  

Hubei Jumpcan Pharmaceutical Co., Ltd. Class A

     200        1,171  

Humanwell Healthcare Group Co., Ltd. Class A

     900        2,466  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     1,200        12,711  

Jilin Aodong Pharmaceutical Group Co., Ltd. Class A

     900        3,110  

Kangmei Pharmaceutical Co., Ltd. Class A

     2,800        9,614  

Livzon Pharmaceutical Group, Inc. Class A

     200        2,041  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A

     1,000        6,834  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     500        3,208  

Shenzhen Salubris Pharmaceuticals Co., Ltd. Class A

     400        2,776  

Shijiazhuang Yiling Pharmaceutical Co., Ltd. Class A

     400        956  

Sichuan Kelun Pharmaceutical Co., Ltd. Class A

     600        2,294  

Sihuan Pharmaceutical Holdings Group Ltd.

     5,000        1,797  

Sino Biopharmaceutical Ltd.

     5,000        8,865  

Tasly Pharmaceutical Group Co., Ltd. Class A

     600        3,278  

Tonghua Dongbao Pharmaceutical Co., Ltd. Class A

     1,100        3,867  

Yifan Pharmaceutical Co., Ltd. Class A

     600        2,050  

Yunnan Baiyao Group Co., Ltd. Class A

     400        6,253  

Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. Class A

     300      2,912  

Zhejiang Conba Pharmaceutical Co., Ltd. Class A

     1,100        1,194  

Zhejiang Huahai Pharmaceutical Co., Ltd. Class A

     600        2,776  

Zhejiang NHU Co., Ltd. Class A

     500        2,922  
     

 

 

 
Total Pharmaceuticals               113,388  
Professional Services – 0.2%      

51job, Inc. ADR*

     22        1,338  

Beijing Orient Landscape & Environment Co., Ltd. Class A

     1,200        3,717  
     

 

 

 
Total Professional Services               5,055  
Real Estate Management & Development – 5.5%      

Agile Group Holdings Ltd.

     2,000        3,034  

Beijing Capital Development Co., Ltd. Class A

     900        1,284  

China Evergrande Group*

     4,000        13,790  

China Fortune Land Development Co., Ltd. Class A

     1,100        5,302  

China Jinmao Holdings Group Ltd.

     6,000        2,640  

China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A

     2,000        6,007  

China Overseas Land & Investment Ltd.

     4,000        12,869  

China Resources Land Ltd.

     2,000        5,884  

China Vanke Co., Ltd. Class A

     6,900        32,911  

China Vanke Co., Ltd. Class H

     1,300        5,189  

Country Garden Holdings Co., Ltd.

     7,000        13,342  

Financial Street Holdings Co., Ltd. Class A

     2,100        3,583  

Future Land Holdings Co., Ltd. Class A

     700        3,150  

Gemdale Corp. Class A

     3,100        6,017  

Greenland Holdings Corp., Ltd. Class A

     3,100        3,470  

Jinke Properties Group Co., Ltd. Class A

     2,300        1,748  

Longfor Properties Co., Ltd.

     1,500        3,757  

Oceanwide Holdings Co., Ltd. Class A

     1,600        1,833  

Poly Real Estate Group Co., Ltd. Class A

     7,100        15,417  

RiseSun Real Estate Development Co., Ltd. Class A

     1,600        2,342  

Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class A

     500        1,461  

Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Class B

     800        1,157  

Shimao Property Holdings Ltd.

     1,500        3,262  

Sunac China Holdings Ltd.

     2,000        8,277  

Xinhu Zhongbao Co., Ltd. Class A*

     4,100        3,293  

Youngor Group Co., Ltd. Class A

     2,400        3,383  

Zall Group Ltd.*

     3,000        3,277  

Zhejiang China Commodities City Group Co., Ltd. Class A

     2,400        2,130  
     

 

 

 
Total Real Estate Management & Development               169,809  
Road & Rail – 0.4%      

China High-Speed Railway Technology Co., Ltd. Class A

     1,600        2,150  

Daqin Railway Co., Ltd. Class A

     5,500        7,652  

Guangshen Railway Co., Ltd. Class A

     3,000        2,570  
     

 

 

 
Total Road & Rail               12,372  
Semiconductors & Semiconductor Equipment – 0.3%      

Sanan Optoelectronics Co., Ltd. Class A

     2,100        8,188  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      105  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
Software – 0.1%      

Giant Network Group Co., Ltd. Class A

     400      $ 2,260  
Specialty Retail – 0.3%      

China Grand Automotive Services Co., Ltd. Series A

     2,300        2,840  

Pang Da Automobile Trade Co., Ltd. Class A*

     3,500        1,351  

Suning Commerce Group Co., Ltd. Class A

     2,900        5,473  
     

 

 

 
Total Specialty Retail               9,664  
Technology Hardware, Storage & Peripherals – 0.7%      

BOE Technology Group Co., Ltd. Class A

     23,300        20,717  
Textiles, Apparel & Luxury Goods – 0.5%      

ANTA Sports Products Ltd.

     1,000        4,535  

Gansu Gangtai Holding Group Co., Ltd. Class A

     500        907  

Heilan Home Co., Ltd. Class A

     1,200        1,787  

Shenzhou International Group Holdings Ltd.

     1,000        9,517  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               16,746  
Trading Companies & Distributors – 0.3%      

China Meheco Co., Ltd. Class A

     500        1,911  

CMST Development Co., Ltd. Class A

     800        1,351  

Orient Group, Inc. Class A*

     2,600        1,833  

Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. Class A

     300        852  

Sinochem International Corp. Class A

     900        1,168  

Xiamen C & D, Inc. Class A

     1,500        2,562  
     

 

 

 
Total Trading Companies & Distributors               9,677  
Transportation Infrastructure – 1.0%      

China Merchants Port Holdings Co., Ltd.

     2,000        5,232  

COSCO Shipping Ports Ltd.

     2,000        2,080  

Dalian Port PDA Co., Ltd. Class A

     2,200        943  

Guangzhou Baiyun International Airport Co., Ltd. Class A

     1,100        2,480  

Jiangsu Expressway Co., Ltd. Class H

     2,000        3,045  

Ningbo Zhoushan Port Co., Ltd. Class A

     3,200        2,604  

Shanghai International Airport Co., Ltd. Class A

     600        4,147  

Shanghai International Port Group Co., Ltd. Class A

     3,900        3,983  

Shenzhen Airport Co., Ltd. Class A

     800        1,069  

Shenzhen International Holdings Ltd.

     1,000        1,903  

TangShan Port Group Co., Ltd. Class A

     1,800        1,302  

Tianjin Port Co., Ltd. Class A

     600        966  
     

 

 

 
Total Transportation Infrastructure               29,754  
Water Utilities – 0.3%      

Beijing Enterprises Water Group Ltd.*

     6,000        4,644  

Guangdong Investment Ltd.

     4,000        5,352  
     

 

 

 
Total Water Utilities               9,996  
Wireless Telecommunication Services – 1.8%      

China Mobile Ltd.

     5,500        55,758  
TOTAL INVESTMENTS IN SECURITIES – 97.7%
(Cost: $2,966,239)
        3,019,726  

Other Assets less Liabilities – 2.3%

        70,991  
     

 

 

 
NET ASSETS – 100.0%             $ 3,090,717  
* 

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.

 

ADR – American Depositary Receipt

 

See Notes to Financial Statements.

 

106   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.2%      
Brazil – 3.6%      

Embraer S.A.

     9,161      $ 55,235  

Iochpe Maxion S.A.

     7,628        52,891  

JBS S.A.

     14,516        42,930  

Tupy S.A.

     6,400        35,211  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     2,552        14,264  
     

 

 

 
Total Brazil               200,531  
Chile – 0.3%      

Vina Concha y Toro S.A.

     7,905        14,970  
China – 5.2%      

China High Speed Transmission Equipment Group Co., Ltd.(a)

     44,000        75,985  

COSCO Shipping Holdings Co., Ltd. Class H*(a)

     96,500        49,748  

Minth Group Ltd.

     14,000        84,441  

Semiconductor Manufacturing International Corp.*(a)

     18,900        32,688  

WH Group Ltd.(b)

     45,500        51,336  
     

 

 

 
Total China               294,198  
India – 21.5%      

Aurobindo Pharma Ltd.

     6,218        67,019  

Bharat Forge Ltd.

     6,528        74,815  

Cadila Healthcare Ltd.

     7,547        51,257  

Cipla Ltd.

     4,907        46,781  

Cyient Ltd.

     2,342        21,401  

Divi’s Laboratories Ltd.

     2,550        43,881  

Dr. Reddy’s Laboratories Ltd.

     1,174        44,405  

Dr. Reddy’s Laboratories Ltd. ADR(a)

     49        1,840  

eClerx Services Ltd.

     539        13,272  

Firstsource Solutions Ltd.*

     24,512        15,688  

Glenmark Pharmaceuticals Ltd.

     3,212        29,930  

Granules India Ltd.

     9,854        21,220  

HCL Technologies Ltd.

     2,549        35,563  

Hexaware Technologies Ltd.

     4,295        22,923  

Himatsingka Seide Ltd.

     3,154        19,734  

Infosys Ltd.

     3,100        50,611  

Infosys Ltd. ADR

     131        2,125  

Jubilant Life Sciences Ltd.

     2,355        29,085  

KPIT Technologies Ltd.

     8,810        24,949  

Larsen & Toubro Infotech Ltd.(b)

     700        12,270  

Lupin Ltd.

     2,448        33,946  

Mindtree Ltd.

     3,181        30,520  

Mphasis Ltd.

     1,469        16,701  

Natco Pharma Ltd.

     3,850        58,009  

NIIT Technologies Ltd.

     3,629        36,675  

Oracle Financial Services Software Ltd.

     134        8,603  

Persistent Systems Ltd.

     1,185        13,330  

Strides Shasun Ltd.

     2,032        26,199  

Sun Pharmaceutical Industries Ltd.

     7,238        64,768  

Suven Life Sciences Ltd.

     5,251        16,733  

Tata Coffee Ltd.

     7,587        19,845  

Tata Consultancy Services Ltd.

     951        40,247  

Tata Elxsi Ltd.

     1,174        17,973  

Tata Global Beverages Ltd.

     11,473      56,873  

Tata Motors Ltd.*

     6,459        43,701  

Tech Mahindra Ltd.

     2,907        22,957  

Wipro Ltd.

     5,350        26,340  

Wipro Ltd. ADR

     910        4,978  

Wockhardt Ltd.

     3,433        50,093  
     

 

 

 
Total India               1,217,260  
Malaysia – 2.0%      

Genting Malaysia Bhd

     30,700        42,709  

MISC Bhd

     18,000        33,002  

Supermax Corp. Bhd

     15,300        7,561  

VS Industry Bhd

     42,900        31,907  
     

 

 

 
Total Malaysia               115,179  
Mexico – 3.6%      

Alfa S.A.B. de C.V. Class A

     20,300        22,432  

Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A*(a)

     28,307        22,758  

Genomma Lab Internacional S.A.B. de C.V. Class B*

     21,459        22,506  

Gruma S.A.B. de C.V. Class B

     3,493        44,507  

Grupo Bimbo S.A.B. de C.V. Series A

     17,420        38,739  

Grupo Comercial Chedraui S.A. de C.V.

     10,218        18,843  

Industrias Bachoco S.A.B. de C.V. Series B

     4,545        21,747  

Nemak S.A.B. de C.V.(b)

     16,676        12,137  
     

 

 

 
Total Mexico               203,669  
Philippines – 0.7%      

International Container Terminal Services, Inc.

     17,990        38,020  
Poland – 0.6%      

CD Projekt S.A.

     1,281        35,759  
Singapore – 0.6%      

IGG, Inc.(a)

     32,000        34,549  
South Africa – 0.4%      

DataTec Ltd.(a)

     5,306        24,486  
South Korea – 27.9%      

AeroSpace Technology of Korea, Inc.*

     1,169        21,130  

Chabiotech Co., Ltd.*

     1,782        37,453  

Dongkuk Structures & Construction Co., Ltd.

     6,784        36,247  

Doosan Corp.

     381        40,216  

Doosan Heavy Industries & Construction Co., Ltd.

     1,496        21,450  

Doosan Infracore Co., Ltd.*

     3,484        28,281  

Gamevil, Inc.*

     259        22,330  

Genexine Co., Ltd.*

     477        32,526  

Halla Holdings Corp.

     624        36,546  

Hankook Tire Co., Ltd.

     708        36,109  

Hansae Co., Ltd.

     2,238        56,339  

Homecast Co., Ltd.*

     2,603        35,378  

Humax Co., Ltd.

     456        3,799  

Hyundai Corp.

     470        8,561  

Hyundai Glovis Co., Ltd.

     392        49,799  

Hyundai Merchant Marine Co., Ltd.*

     6,558        30,752  

Hyundai Motor Co.

     732        106,667  

i-SENS, Inc.

     466        11,013  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      107  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Innocean Worldwide, Inc.

     691      $ 47,248  

Kia Motors Corp.

     1,414        44,247  

Koh Young Technology, Inc.

     303        23,350  

Kumho Tire Co., Inc.*

     3,053        12,619  

LG Electronics, Inc.

     827        81,885  

LS Corp.

     1,003        67,925  

Mando Corp.

     166        47,836  

NCSoft Corp.

     79        33,023  

Nexen Tire Corp.

     1,725        19,014  

S&T Motiv Co., Ltd.

     708        30,984  

Samsung Electronics Co., Ltd.

     164        390,334  

SK Hynix, Inc.

     1,141        81,534  

SL Corp.

     2,317        53,026  

Sung Kwang Bend Co., Ltd.

     3,093        28,834  
     

 

 

 
Total South Korea               1,576,455  
Taiwan – 32.0%      

Accton Technology Corp.

     12,000        42,744  

Acer, Inc.*

     50,000        40,577  

Adlink Technology, Inc.

     5,223        11,233  

Advanced Semiconductor Engineering, Inc.

     22,655        29,043  

Advantech Co., Ltd.

     2,199        15,555  

Aerospace Industrial Development Corp.

     20,740        25,822  

Alpha Networks, Inc.

     31,000        24,793  

Asia Optical Co., Inc.

     12,000        38,752  

Asustek Computer, Inc.

     2,000        18,784  

Bizlink Holding, Inc.

     5,638        52,764  

Career Technology MFG. Co., Ltd.

     16,000        21,533  

Casetek Holdings Ltd.

     3,000        10,283  

Catcher Technology Co., Ltd.

     3,000        33,066  

Cheng Uei Precision Industry Co., Ltd.

     3,000        5,041  

China Airlines Ltd.*

     101,000        39,540  

CMC Magnetics Corp.*

     78,000        11,140  

Compal Electronics, Inc.

     20,000        14,315  

Cub Elecparts, Inc.

     5,047        46,470  

CyberTAN Technology, Inc.

     10,000        6,099  

Delta Electronics, Inc.

     5,000        24,111  

Eclat Textile Co., Ltd.

     2,062        20,614  

Eva Airways Corp.

     79,447        42,315  

Evergreen Marine Corp. Taiwan Ltd.*

     80,882        44,438  

Feng TAY Enterprise Co., Ltd.

     6,920        31,509  

FLEXium Interconnect, Inc.

     3,148        11,266  

Foxsemicon Integrated Technology, Inc.

     4,200        29,497  

General Interface Solution Holding Ltd.

     4,000        26,749  

Getac Technology Corp.

     20,000        29,706  

Global Unichip Corp.

     4,000        34,276  

Hon Hai Precision Industry Co., Ltd.

     29,700        95,013  

Hota Industrial Manufacturing Co., Ltd.

     7,085        34,998  

IEI Integration Corp.

     6,000        7,924  

Inventec Corp.

     11,000        8,779  

Iron Force Industrial Co., Ltd.

     3,000        11,896  

Kenda Rubber Industrial Co., Ltd.

     8,320        10,498  

King Slide Works Co., Ltd.

     3,000        40,375  

Kinpo Electronics, Inc.

     29,000        10,281  

Lite-On Technology Corp.

     12,219        16,670  

Makalot Industrial Co., Ltd.

     5,419      22,762  

Micro-Star International Co., Ltd.

     12,000        30,889  

Nan Kang Rubber Tire Co., Ltd.

     17,000        15,253  

Nien Made Enterprise Co., Ltd.

     5,000        53,430  

Orient Semiconductor Electronics Ltd.*

     12,000        3,811  

Pegatron Corp.

     6,000        14,517  

Pihsiang Machinery Manufacturing Co., Ltd.*

     5,000        2,907  

Posiflex Technology, Inc.

     2,283        10,472  

Pou Chen Corp.

     31,000        40,158  

Primax Electronics Ltd.

     11,000        29,202  

Qisda Corp.

     44,000        31,272  

Quanta Computer, Inc.

     9,000        18,721  

Ritek Corp.*

     62,000        9,709  

ScinoPharm Taiwan Ltd.

     11,022        13,130  

ShunSin Technology Holding Ltd.

     3,000        14,114  

Siliconware Precision Industries Co., Ltd.

     15,000        25,354  

Taiwan Semiconductor Manufacturing Co., Ltd.

     32,000        246,787  

Tong Yang Industry Co., Ltd.

     19,000        36,776  

TPK Holding Co., Ltd.*

     8,000        22,474  

TYC Brother Industrial Co., Ltd.

     30,000        33,469  

Unitech Printed Circuit Board Corp.*

     27,000        21,049  

Visual Photonics Epitaxy Co., Ltd.

     7,750        24,246  

Vivotek, Inc.

     4,780        15,532  

Wistron NeWeb Corp.

     5,489        15,771  

Yang Ming Marine Transport Corp.*

     38,603        14,918  

Zeng Hsing Industrial Co., Ltd.

     1,000        4,352  

Zhen Ding Technology Holding Ltd.

     2,000        4,402  

Zinwell Corp.

     13,000        13,804  
     

 

 

 
Total Taiwan               1,807,750  
Thailand – 1.4%      

Delta Electronics Thailand PCL NVDR

     8,700        19,554  

Thai Union Group PCL NVDR

     96,700        59,047  
     

 

 

 
Total Thailand               78,601  
Turkey – 0.4%      

Kordsa Teknik Tekstil AS

     10,261        20,757  
TOTAL COMMON STOCKS
(Cost: $4,549,485)
              5,662,184  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.6%  
United States – 2.6%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(c)

     
(Cost: $147,280)(d)      147,280        147,280  
TOTAL INVESTMENTS IN SECURITIES – 102.8% (Cost: $4,696,765)         5,809,464  

Other Assets less Liabilities – (2.8)%

        (156,385
     

 

 

 
NET ASSETS – 100.0%             $ 5,653,079  
* 

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 $2,907, which represents 0.05% of net assets.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

This security is exempt from registration under rule 144A of the Securities Act of 1933. This security may be sold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

108   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

December 31, 2017

 

  

 

 

 

(c) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(d) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $212,887 and the total market value of the collateral held by the Fund was $225,882. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $78,602.

 

ADR – American Depositary Receipt

 

NVDR Non-Voting Depositary Receipt

 

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
 

Merrill Lynch International

    1/2/2018       1,142       USD       3,792       BRL     $     $ (1

 

CURRENCY LEGEND

BRL – Brazilian real

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      109  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Domestic Economy Fund (WUSA)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 1.3%      

BWX Technologies, Inc.

     23      $ 1,391  

Harris Corp.

     35        4,958  

Huntington Ingalls Industries, Inc.

     20        4,714  

Northrop Grumman Corp.

     53        16,266  

Orbital ATK, Inc.

     15        1,973  

Spirit AeroSystems Holdings, Inc. Class A

     26        2,268  
     

 

 

 
Total Aerospace & Defense               31,570  
Air Freight & Logistics – 0.1%      

C.H. Robinson Worldwide, Inc.

     37        3,296  
Airlines – 1.0%      

Alaska Air Group, Inc.

     76        5,587  

Southwest Airlines Co.

     259        16,951  
     

 

 

 
Total Airlines               22,538  
Automobiles – 0.1%      

Thor Industries, Inc.

     20        3,014  
Banks – 13.6%      

Bank of America Corp.

     2,872        84,781  

Bank of the Ozarks, Inc.

     39        1,889  

BB&T Corp.

     221        10,988  

BOK Financial Corp.

     17        1,569  

CIT Group, Inc.

     22        1,083  

Citizens Financial Group, Inc.

     150        6,297  

Comerica, Inc.

     46        3,993  

Commerce Bancshares, Inc.

     26        1,452  

Cullen/Frost Bankers, Inc.

     18        1,704  

East West Bancorp, Inc.

     43        2,616  

Fifth Third Bancorp

     327        9,921  

First Republic Bank

     37        3,206  

Huntington Bancshares, Inc.

     300        4,368  

KeyCorp

     315        6,353  

M&T Bank Corp.

     39        6,669  

PacWest Bancorp

     38        1,915  

People’s United Financial, Inc.

     78        1,459  

Pinnacle Financial Partners, Inc.

     14        928  

PNC Financial Services Group, Inc. (The)

     140        20,201  

Regions Financial Corp.

     338        5,841  

Signature Bank*

     14        1,922  

Sterling Bancorp

     33        812  

SunTrust Banks, Inc.

     138        8,913  

SVB Financial Group*

     10        2,338  

Synovus Financial Corp.

     31        1,486  

U.S. Bancorp

     500        26,790  

Webster Financial Corp.

     21        1,179  

Wells Fargo & Co.

     1,597        96,890  

Western Alliance Bancorp*

     26        1,472  

Zions Bancorp

     55        2,796  
     

 

 

 
Total Banks               321,831  
Beverages – 0.9%      

Constellation Brands, Inc. Class A

     61        13,943  

Dr. Pepper Snapple Group, Inc.

     55      5,338  

National Beverage Corp.

     9        877  
     

 

 

 
Total Beverages               20,158  
Biotechnology – 0.8%      

Bioverativ, Inc.*

     58        3,127  

Ionis Pharmaceuticals, Inc.*

     3        151  

Regeneron Pharmaceuticals, Inc.*

     26        9,775  

United Therapeutics Corp.*

     38        5,622  
     

 

 

 
Total Biotechnology               18,675  
Building Products – 0.3%      

Fortune Brands Home & Security, Inc.

     45        3,080  

Lennox International, Inc.

     10        2,083  

USG Corp.*

     33        1,272  
     

 

 

 
Total Building Products               6,435  
Capital Markets – 2.0%      

Ameriprise Financial, Inc.

     46        7,796  

CBOE Global Markets, Inc.

     7        872  

Charles Schwab Corp. (The)

     205        10,531  

CME Group, Inc.

     49        7,157  

E*TRADE Financial Corp.*

     58        2,875  

Eaton Vance Corp.

     24        1,353  

MarketAxess Holdings, Inc.

     3        605  

Raymond James Financial, Inc.

     37        3,304  

SEI Investments Co.

     22        1,581  

T. Rowe Price Group, Inc.

     66        6,925  

TD Ameritrade Holding Corp.

     83        4,244  
     

 

 

 
Total Capital Markets               47,243  
Chemicals – 0.4%      

Scotts Miracle-Gro Co. (The)

     13        1,391  

Sherwin-Williams Co. (The)

     19        7,791  
     

 

 

 
Total Chemicals               9,182  
Commercial Services & Supplies – 1.1%      

Cintas Corp.

     22        3,428  

Copart, Inc.*

     45        1,944  

KAR Auction Services, Inc.

     31        1,566  

Republic Services, Inc.

     97        6,558  

Rollins, Inc.

     29        1,349  

Waste Management, Inc.

     122        10,529  
     

 

 

 
Total Commercial Services & Supplies               25,374  
Construction Materials – 0.3%      

Eagle Materials, Inc.

     14        1,586  

Martin Marietta Materials, Inc.

     16        3,537  

Vulcan Materials Co.

     23        2,952  
     

 

 

 
Total Construction Materials               8,075  
Consumer Finance – 2.1%      

Ally Financial, Inc.

     171        4,986  

Capital One Financial Corp.

     173        17,227  

Credit Acceptance Corp.*(a)

     6        1,941  

Discover Financial Services

     151        11,615  

Santander Consumer USA Holdings, Inc.

     188        3,501  

 

See Notes to Financial Statements.

 

110   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Domestic Economy Fund (WUSA)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Synchrony Financial

     284      $ 10,965  
     

 

 

 
Total Consumer Finance               50,235  
Containers & Packaging – 0.4%      

Packaging Corp. of America

     32        3,858  

WestRock Co.

     71        4,488  
     

 

 

 
Total Containers & Packaging               8,346  
Distributors – 0.2%      

Genuine Parts Co.

     46        4,370  

Pool Corp.

     9        1,167  
     

 

 

 
Total Distributors               5,537  
Diversified Consumer Services – 0.4%      

Bright Horizons Family Solutions, Inc.*

     9        846  

H&R Block, Inc.

     111        2,911  

Service Corp. International

     73        2,724  

ServiceMaster Global Holdings, Inc.*

     36        1,846  
     

 

 

 
Total Diversified Consumer Services               8,327  
Diversified Financial Services – 3.5%      

Berkshire Hathaway, Inc. Class B*

     404        80,081  

Leucadia National Corp.

     104        2,755  
     

 

 

 
Total Diversified Financial Services               82,836  
Diversified Telecommunication Services – 9.8%      

AT&T, Inc.

     2,577        100,194  

CenturyLink, Inc.

     167        2,785  

Verizon Communications, Inc.

     2,457        130,049  
     

 

 

 
Total Diversified Telecommunication Services               233,028  
Electric Utilities – 1.9%      

Alliant Energy Corp.

     23        980  

American Electric Power Co., Inc.

     59        4,341  

Avangrid, Inc.

     30        1,517  

Duke Energy Corp.

     72        6,056  

Edison International

     48        3,036  

Eversource Energy

     36        2,274  

Exelon Corp.

     122        4,808  

Great Plains Energy, Inc.

     3        97  

NextEra Energy, Inc.

     62        9,684  

OGE Energy Corp.

     27        889  

PG&E Corp.

     97        4,348  

Pinnacle West Capital Corp.

     14        1,193  

Southern Co. (The)

     25        1,202  

Westar Energy, Inc.

     14        739  

Xcel Energy, Inc.

     55        2,646  
     

 

 

 
Total Electric Utilities               43,810  
Electrical Equipment – 0.2%      

Acuity Brands, Inc.

     13        2,288  

Hubbell, Inc.

     15        2,030  
     

 

 

 
Total Electrical Equipment               4,318  
Electronic Equipment, Instruments & Components – 0.1%  

CDW Corp.

     49        3,405  
Energy Equipment & Services – 0.0%      

RPC, Inc.(a)

     25        638  
Equity Real Estate Investment Trusts (REITs) – 4.9%  

Alexandria Real Estate Equities, Inc.

     4      522  

American Campus Communities, Inc.

     1        41  

American Homes 4 Rent Class A

     1        22  

Apartment Investment & Management Co. Class A

     27        1,180  

AvalonBay Communities, Inc.

     27        4,817  

Boston Properties, Inc.

     22        2,861  

Brixmor Property Group, Inc.

     102        1,903  

Camden Property Trust

     9        829  

Crown Castle International Corp.

     23        2,553  

CubeSmart

     23        665  

DCT Industrial Trust, Inc.

     10        588  

Douglas Emmett, Inc.

     12        493  

Duke Realty Corp.

     55        1,497  

Equity LifeStyle Properties, Inc.

     11        979  

Equity Residential

     65        4,145  

Essex Property Trust, Inc.

     12        2,896  

Extra Space Storage, Inc.

     22        1,924  

Federal Realty Investment Trust

     13        1,727  

Forest City Realty Trust, Inc. Class A

     28        675  

Gaming and Leisure Properties, Inc.

     59        2,183  

GGP, Inc.

     163        3,813  

HCP, Inc.

     118        3,077  

Healthcare Trust of America, Inc. Class A

     7        210  

Highwoods Properties, Inc.

     17        865  

Host Hotels & Resorts, Inc.

     163        3,236  

Hudson Pacific Properties, Inc.

     2        68  

Kilroy Realty Corp.

     11        821  

Kimco Realty Corp.

     112        2,033  

Lamar Advertising Co. Class A

     22        1,633  

Liberty Property Trust

     43        1,849  

Macerich Co. (The)

     13        854  

Mid-America Apartment Communities, Inc.

     13        1,307  

National Retail Properties, Inc.

     28        1,208  

Omega Healthcare Investors, Inc.

     33        909  

Park Hotels & Resorts, Inc.

     486        13,972  

Prologis, Inc.

     125        8,064  

Public Storage

     32        6,688  

Realty Income Corp.

     33        1,882  

Regency Centers Corp.

     11        761  

SBA Communications Corp.*

     3        490  

Simon Property Group, Inc.

     62        10,648  

SL Green Realty Corp.

     6        606  

Sun Communities, Inc.

     3        278  

UDR, Inc.

     41        1,579  

Ventas, Inc.

     99        5,941  

Vornado Realty Trust

     59        4,613  

Welltower, Inc.

     62        3,954  

Weyerhaeuser Co.

     51        1,798  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               115,657  
Food & Staples Retailing – 2.6%      

CVS Health Corp.

     546        39,585  

Kroger Co. (The)

     455        12,490  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      111  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Domestic Economy Fund (WUSA)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Sysco Corp.

     120      $ 7,288  

U.S. Foods Holding Corp.*

     67        2,139  
     

 

 

 
Total Food & Staples Retailing               61,502  
Food Products – 1.9%      

Blue Buffalo Pet Products, Inc.*

     42        1,377  

Campbell Soup Co.

     130        6,254  

Conagra Brands, Inc.

     133        5,010  

Hershey Co. (The)

     42        4,767  

Hormel Foods Corp.

     170        6,186  

J.M. Smucker Co. (The)

     40        4,970  

Pilgrim’s Pride Corp.*

     109        3,386  

Pinnacle Foods, Inc.

     23        1,368  

Post Holdings, Inc.*

     3        238  

Tyson Foods, Inc. Class A

     148        11,998  
     

 

 

 
Total Food Products               45,554  
Gas Utilities – 0.1%      

Atmos Energy Corp.

     10        859  

National Fuel Gas Co.

     12        659  
     

 

 

 
Total Gas Utilities               1,518  
Health Care Equipment & Supplies – 0.0%      

ABIOMED, Inc.*

     3        562  
Health Care Providers & Services – 11.1%      

Aetna, Inc.

     77        13,890  

AmerisourceBergen Corp.

     87        7,988  

Anthem, Inc.

     107        24,076  

Cardinal Health, Inc.

     138        8,455  

Centene Corp.*

     66        6,658  

Cigna Corp.

     80        16,247  

DaVita, Inc.*

     76        5,491  

Express Scripts Holding Co.*

     419        31,274  

HCA Healthcare, Inc.*

     220        19,325  

Humana, Inc.

     57        14,140  

Laboratory Corp. of America Holdings*

     30        4,785  

McKesson Corp.

     209        32,594  

Quest Diagnostics, Inc.

     54        5,319  

UnitedHealth Group, Inc.

     295        65,036  

Universal Health Services, Inc. Class B

     44        4,987  

WellCare Health Plans, Inc.*

     14        2,816  
     

 

 

 
Total Health Care Providers & Services               263,081  
Health Care Technology – 0.2%      

athenahealth, Inc.*

     2        266  

Cerner Corp.*

     67        4,515  
     

 

 

 
Total Health Care Technology               4,781  
Hotels, Restaurants & Leisure – 0.8%      

Chipotle Mexican Grill, Inc.*

     4        1,156  

Darden Restaurants, Inc.

     42        4,033  

Domino’s Pizza, Inc.

     10        1,890  

Hilton Worldwide Holdings, Inc.

     2        160  

Marriott International, Inc. Class A

     70        9,501  

Six Flags Entertainment Corp.

     20        1,331  

Vail Resorts, Inc.

     6      1,275  
     

 

 

 
Total Hotels, Restaurants & Leisure               19,346  
Household Durables – 1.3%      

CalAtlantic Group, Inc.

     63        3,553  

D.R. Horton, Inc.

     161        8,222  

Lennar Corp. Class A

     102        6,450  

NVR, Inc.*

     1        3,508  

PulteGroup, Inc.

     150        4,988  

Toll Brothers, Inc.

     75        3,602  
     

 

 

 
Total Household Durables               30,323  
Household Products – 0.3%      

Church & Dwight Co., Inc.

     61        3,060  

Clorox Co. (The)

     33        4,909  
     

 

 

 
Total Household Products               7,969  
Independent Power & Renewable Electricity Producers – 2.0%  

Vistra Energy Corp.*

     2,549        46,698  
Insurance – 3.4%      

Allstate Corp. (The)

     127        13,298  

American Financial Group, Inc.

     33        3,582  

Assurant, Inc.

     10        1,008  

Brown & Brown, Inc.

     24        1,235  

Cincinnati Financial Corp.

     34        2,549  

CNA Financial Corp.

     78        4,138  

Erie Indemnity Co. Class A

     9        1,097  

First American Financial Corp.

     24        1,345  

FNF Group

     73        2,864  

Hartford Financial Services Group, Inc. (The)

     45        2,533  

Lincoln National Corp.

     93        7,149  

Loews Corp.

     98        4,903  

Old Republic International Corp.

     93        1,988  

Principal Financial Group, Inc.

     112        7,903  

Progressive Corp. (The)

     127        7,153  

Torchmark Corp.

     31        2,812  

Travelers Cos., Inc. (The)

     82        11,122  

Unum Group

     80        4,391  
     

 

 

 
Total Insurance               81,070  
Internet Software & Services – 0.1%      

CoStar Group, Inc.*

     3        891  

GrubHub, Inc.*

     7        502  
     

 

 

 
Total Internet Software & Services               1,393  
IT Services – 2.0%      

Alliance Data Systems Corp.

     14        3,549  

Automatic Data Processing, Inc.

     102        11,953  

Black Knight, Inc.*

     8        353  

Booz Allen Hamilton Holding Corp.

     56        2,135  

Broadridge Financial Solutions, Inc.

     28        2,536  

First Data Corp. Class A*

     275        4,595  

Fiserv, Inc.*

     52        6,819  

Jack Henry & Associates, Inc.

     17        1,988  

Leidos Holdings, Inc.

     38        2,454  

Paychex, Inc.

     95        6,468  

 

See Notes to Financial Statements.

 

112   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Domestic Economy Fund (WUSA)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

Total System Services, Inc.

     38      $ 3,006  

Vantiv, Inc. Class A*

     25        1,839  

WEX, Inc.*

     4        565  
     

 

 

 
Total IT Services               48,260  
Machinery – 0.1%      

Trinity Industries, Inc.

     48        1,798  
Media – 5.1%      

CBS Corp. Class B Non-Voting Shares

     177        10,443  

Charter Communications, Inc. Class A*

     19        6,383  

Comcast Corp. Class A

     1,917        76,776  

DISH Network Corp. Class A*

     217        10,362  

Liberty Broadband Corp. Class C*

     2        170  

Liberty Media Corp – Liberty Formula One Series C*

     80        2,733  

Liberty Media Corp – Liberty SiriusXM Series C*

     65        2,578  

Scripps Networks Interactive, Inc. Class A

     55        4,696  

Sirius XM Holdings, Inc.(a)

     1,243        6,662  
     

 

 

 
Total Media               120,803  
Metals & Mining – 0.6%      

Nucor Corp.

     128        8,138  

Reliance Steel & Aluminum Co.

     32        2,745  

Steel Dynamics, Inc.

     98        4,227  
     

 

 

 
Total Metals & Mining               15,110  
Multi-Utilities – 0.8%      

Ameren Corp.

     23        1,357  

CenterPoint Energy, Inc.

     49        1,390  

CMS Energy Corp.

     26        1,230  

Consolidated Edison, Inc.

     33        2,803  

Dominion Energy, Inc.

     61        4,945  

DTE Energy Co.

     20        2,189  

MDU Resources Group, Inc.

     20        537  

NiSource, Inc.

     24        616  

Public Service Enterprise Group, Inc.

     24        1,236  

SCANA Corp.

     23        915  

Vectren Corp.

     8        520  

WEC Energy Group, Inc.

     33        2,192  
     

 

 

 
Total Multi-Utilities               19,930  
Multiline Retail – 2.3%      

Dollar General Corp.

     103        9,580  

Dollar Tree, Inc.*

     67        7,190  

Kohl’s Corp.

     102        5,531  

Macy’s, Inc.

     213        5,366  

Nordstrom, Inc.

     88        4,169  

Target Corp.

     340        22,185  
     

 

 

 
Total Multiline Retail               54,021  
Oil, Gas & Consumable Fuels – 2.8%      

Andeavor

     51        5,831  

Cimarex Energy Co.

     26        3,172  

Concho Resources, Inc.*

     31        4,657  

Devon Energy Corp.

     286        11,840  

Diamondback Energy, Inc.*

     28        3,535  

EOG Resources, Inc.

     1        108  

EQT Corp.

     1      57  

HollyFrontier Corp.

     56        2,868  

Kinder Morgan, Inc.

     523        9,451  

Marathon Petroleum Corp.

     200        13,196  

Newfield Exploration Co.*

     79        2,491  

ONEOK, Inc.

     62        3,314  

Parsley Energy, Inc. Class A*

     8        235  

Pioneer Natural Resources Co.

     6        1,037  

RSP Permian, Inc.*

     20        814  

Williams Cos., Inc. (The)

     126        3,842  
     

 

 

 
Total Oil, Gas & Consumable Fuels               66,448  
Professional Services – 0.1%      

Robert Half International, Inc.

     37        2,055  

TransUnion*

     24        1,319  
     

 

 

 
Total Professional Services               3,374  
Real Estate Management & Development – 0.0%      

Howard Hughes Corp. (The)*

     3        394  
Road & Rail – 3.0%      

AMERCO

     6        2,267  

CSX Corp.

     250        13,753  

JB Hunt Transport Services, Inc.

     29        3,334  

Knight-Swift Transportation Holdings, Inc.

     11        481  

Norfolk Southern Corp.

     103        14,925  

Old Dominion Freight Line, Inc.

     20        2,631  

Union Pacific Corp.

     247        33,123  
     

 

 

 
Total Road & Rail               70,514  
Software – 0.5%      

CDK Global, Inc.

     27        1,925  

Intuit, Inc.

     47        7,416  

Tyler Technologies, Inc.*

     6        1,062  

Ultimate Software Group, Inc. (The)*

     1        218  
     

 

 

 
Total Software               10,621  
Specialty Retail – 6.6%      

Advance Auto Parts, Inc.

     28        2,791  

AutoNation, Inc.*(a)

     54        2,772  

AutoZone, Inc.*

     12        8,537  

Best Buy Co., Inc.

     141        9,654  

Burlington Stores, Inc.*

     19        2,338  

CarMax, Inc.*

     80        5,130  

Home Depot, Inc. (The)

     338        64,061  

L Brands, Inc.

     116        6,986  

Lowe’s Cos., Inc.

     305        28,347  

O’Reilly Automotive, Inc.*

     34        8,178  

Ross Stores, Inc.

     124        9,951  

Tractor Supply Co.

     51        3,812  

Ulta Salon Cosmetics & Fragrance, Inc.*

     17        3,802  
     

 

 

 
Total Specialty Retail               156,359  
Textiles, Apparel & Luxury Goods – 0.1%      

Carter’s, Inc.

     16        1,880  
Thrifts & Mortgage Finance – 0.2%      

MGIC Investment Corp.*

     142        2,004  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      113  


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Domestic Economy Fund (WUSA)

December 31, 2017

 

  

 

 

Investments    Shares      Value  

New York Community Bancorp, Inc.

     159      $ 2,070  
     

 

 

 
Total Thrifts & Mortgage Finance               4,074  
Tobacco – 5.1%      

Altria Group, Inc.

     1,704        121,683  
Trading Companies & Distributors – 0.5%      

Fastenal Co.

     70        3,828  

HD Supply Holdings, Inc.*

     50        2,002  

United Rentals, Inc.*

     26        4,470  

Watsco, Inc.

     7        1,190  
     

 

 

 
Total Trading Companies & Distributors               11,490  
Transportation Infrastructure – 0.1%      

Macquarie Infrastructure Corp.

     19        1,220  
Water Utilities – 0.1%      

American Water Works Co., Inc.

     14        1,281  

Aqua America, Inc.

     15        588  
     

 

 

 
Total Water Utilities               1,869  
Wireless Telecommunication Services – 0.7%      

T-Mobile U.S., Inc.*

     273        17,338  
TOTAL COMMON STOCKS
(Cost: $2,135,657)
              2,364,511  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%  
United States – 0.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b)

     

(Cost: $5,210)(c)

     5,210        5,210  
TOTAL INVESTMENTS IN SECURITIES – 100.1%
(Cost: $2,140,867)
        2,369,721  

Other Assets less Liabilities – (0.1)%

        (2,331
     

 

 

 
NET ASSETS – 100.0%             $ 2,367,390  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(c) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $8,792 and the total market value of the collateral held by the Fund was $9,011. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,801.

 

See Notes to Financial Statements.

 

114   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree U.S. Export and Multinational Fund (WEXP)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 3.7%      

Boeing Co. (The)

     59      $ 17,400  

Hexcel Corp.

     12        742  

Rockwell Collins, Inc.

     9        1,221  

United Technologies Corp.

     78        9,950  
     

 

 

 
Total Aerospace & Defense               29,313  
Air Freight & Logistics – 0.2%      

Expeditors International of Washington, Inc.

     22        1,423  

XPO Logistics, Inc.*

     2        183  
     

 

 

 
Total Air Freight & Logistics               1,606  
Airlines – 0.5%      

United Continental Holdings, Inc.*

     55        3,707  
Auto Components – 1.0%      

BorgWarner, Inc.

     19        971  

Gentex Corp.

     47        984  

Goodyear Tire & Rubber Co. (The)

     71        2,294  

Lear Corp.

     21        3,710  
     

 

 

 
Total Auto Components               7,959  
Banks – 4.2%      

Citigroup, Inc.

     453        33,708  
Beverages – 4.0%      

Brown-Forman Corp. Class B

     24        1,648  

Coca-Cola Co. (The)

     224        10,277  

Molson Coors Brewing Co. Class B

     89        7,304  

PepsiCo, Inc.

     104        12,472  
     

 

 

 
Total Beverages               31,701  
Biotechnology – 0.1%      

Alexion Pharmaceuticals, Inc.*

     10        1,196  
Building Products – 0.1%      

A.O. Smith Corp.

     11        674  
Capital Markets – 2.6%      

Goldman Sachs Group, Inc. (The)

     54        13,757  

Moody’s Corp.

     15        2,214  

MSCI, Inc.

     6        760  

State Street Corp.

     41        4,002  
     

 

 

 
Total Capital Markets               20,733  
Chemicals – 4.7%      

Air Products & Chemicals, Inc.

     22        3,610  

Albemarle Corp.

     8        1,023  

Celanese Corp. Series A

     24        2,570  

Chemours Co. (The)

     14        701  

DowDuPont, Inc.

     117        8,333  

Eastman Chemical Co.

     27        2,501  

Ecolab, Inc.

     20        2,684  

FMC Corp.

     8        757  

Huntsman Corp.

     43        1,431  

International Flavors & Fragrances, Inc.

     10        1,526  

Monsanto Co.

     35        4,087  

Mosaic Co. (The)

     34        872  

PPG Industries, Inc.

     27      3,154  

Praxair, Inc.

     26        4,022  

W.R. Grace & Co.

     4        281  
     

 

 

 
Total Chemicals               37,552  
Communications Equipment – 1.2%      

Cisco Systems, Inc.

     205        7,851  

CommScope Holding Co., Inc.*

     2        76  

F5 Networks, Inc.*

     3        394  

Juniper Networks, Inc.

     18        513  

Motorola Solutions, Inc.

     5        452  

Ubiquiti Networks, Inc.*(a)

     3        213  
     

 

 

 
Total Communications Equipment               9,499  
Construction & Engineering – 0.1%      

Fluor Corp.

     7        361  

Jacobs Engineering Group, Inc.

     7        462  
     

 

 

 
Total Construction & Engineering               823  
Containers & Packaging – 0.6%      

AptarGroup, Inc.

     7        604  

Avery Dennison Corp.

     12        1,378  

Ball Corp.

     11        417  

Crown Holdings, Inc.*

     29        1,631  

Sealed Air Corp.

     13        641  
     

 

 

 
Total Containers & Packaging               4,671  
Electrical Equipment – 0.9%      

AMETEK, Inc.

     18        1,304  

Emerson Electric Co.

     56        3,903  

Rockwell Automation, Inc.

     9        1,767  
     

 

 

 
Total Electrical Equipment               6,974  
Electronic Equipment, Instruments & Components – 0.9%  

Amphenol Corp. Class A

     14        1,229  

Arrow Electronics, Inc.*

     7        563  

Avnet, Inc.

     6        238  

Cognex Corp.

     6        367  

Coherent, Inc.*

     1        282  

Corning, Inc.

     89        2,847  

FLIR Systems, Inc.

     2        93  

IPG Photonics Corp.*

     3        642  

Jabil, Inc.

     4        105  

Keysight Technologies, Inc.*

     8        333  

National Instruments Corp.

     1        42  

Trimble, Inc.*

     4        162  

Universal Display Corp.

     1        173  

Zebra Technologies Corp. Class A*

     1        104  
     

 

 

 
Total Electronic Equipment, Instruments & Components        7,180  
Energy Equipment & Services – 0.1%      

Halliburton Co.

     15        733  
Equity Real Estate Investment Trusts (REITs) – 0.3%      

American Tower Corp.

     13        1,855  

Equinix, Inc.

     1        453  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               2,308  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      115  


Table of Contents

Schedule of Investments (unaudited) (continued)

WisdomTree U.S. Export and Multinational Fund (WEXP)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
Food Products – 1.6%      

Archer-Daniels-Midland Co.

     64      $ 2,565  

Ingredion, Inc.

     9        1,258  

Kellogg Co.

     21        1,428  

McCormick & Co., Inc. Non-Voting Shares

     8        815  

Mondelez International, Inc. Class A

     151        6,463  
     

 

 

 
Total Food Products               12,529  
Health Care Equipment & Supplies – 3.0%      

Abbott Laboratories

     105        5,992  

Baxter International, Inc.

     40        2,586  

Becton, Dickinson and Co.

     7        1,498  

Boston Scientific Corp.*

     73        1,810  

Cooper Cos., Inc. (The)

     4        871  

Danaher Corp.

     66        6,126  

Edwards Lifesciences Corp.*

     12        1,352  

ResMed, Inc.

     8        678  

Teleflex, Inc.

     2        498  

Varian Medical Systems, Inc.*

     6        667  

West Pharmaceutical Services, Inc.

     4        395  

Zimmer Biomet Holdings, Inc.

     10        1,207  
     

 

 

 
Total Health Care Equipment & Supplies               23,680  
Health Care Technology – 0.0%      

Veeva Systems, Inc. Class A*

     3        166  
Hotels, Restaurants & Leisure – 3.4%      

Las Vegas Sands Corp.

     104        7,227  

McDonald’s Corp.

     93        16,007  

Wynn Resorts Ltd.

     6        1,012  

Yum! Brands, Inc.

     32        2,611  
     

 

 

 
Total Hotels, Restaurants & Leisure               26,857  
Household Durables – 0.2%      

Whirlpool Corp.

     10        1,686  
Household Products – 4.6%      

Colgate-Palmolive Co.

     95        7,168  

Kimberly-Clark Corp.

     39        4,705  

Procter & Gamble Co. (The)

     268        24,624  
     

 

 

 
Total Household Products               36,497  
Industrial Conglomerates – 5.4%      

3M Co.

     58        13,651  

General Electric Co.

     1,146        19,998  

Honeywell International, Inc.

     61        9,355  
     

 

 

 
Total Industrial Conglomerates               43,004  
Insurance – 2.1%      

Aflac, Inc.

     95        8,339  

Marsh & McLennan Cos., Inc.

     49        3,988  

MetLife, Inc.

     60        3,034  

Reinsurance Group of America, Inc.

     11        1,715  
     

 

 

 
Total Insurance               17,076  
Internet & Catalog Retail – 1.6%      

Expedia, Inc.

     7        839  

Priceline Group, Inc. (The)*

     7        12,164  
     

 

 

 
Total Internet & Catalog Retail               13,003  
Internet Software & Services – 4.8%      

Alphabet, Inc. Class A*

     17      17,908  

eBay, Inc.*

     184        6,944  

Facebook, Inc. Class A*

     73        12,881  

VeriSign, Inc.*

     2        229  
     

 

 

 
Total Internet Software & Services               37,962  
IT Services – 3.1%      

DXC Technology Co.

     4        380  

EPAM Systems, Inc.*

     1        107  

International Business Machines Corp.

     74        11,353  

MasterCard, Inc. Class A

     32        4,844  

PayPal Holdings, Inc.*

     18        1,325  

Sabre Corp.

     5        103  

Visa, Inc. Class A

     50        5,701  

Western Union Co. (The)

     45        855  
     

 

 

 
Total IT Services               24,668  
Leisure Products – 0.2%      

Hasbro, Inc.

     14        1,273  
Life Sciences Tools & Services – 1.7%      

Agilent Technologies, Inc.

     29        1,942  

Bio-Rad Laboratories, Inc. Class A*

     1        239  

Bio-Techne Corp.

     1        130  

Bruker Corp.

     11        377  

Illumina, Inc.*

     7        1,529  

IQVIA Holdings, Inc.*

     2        196  

Mettler-Toledo International, Inc.*

     2        1,239  

PerkinElmer, Inc.

     10        731  

PRA Health Sciences, Inc.*

     2        182  

Thermo Fisher Scientific, Inc.

     26        4,937  

Waters Corp.*

     9        1,739  
     

 

 

 
Total Life Sciences Tools & Services               13,241  
Machinery – 4.2%      

AGCO Corp.

     9        643  

Caterpillar, Inc.

     25        3,940  

Cummins, Inc.

     19        3,356  

Deere & Co.

     25        3,913  

Donaldson Co., Inc.

     11        539  

Dover Corp.

     12        1,212  

Flowserve Corp.

     8        337  

Fortive Corp.

     25        1,809  

Graco, Inc.

     9        407  

IDEX Corp.

     5        660  

Illinois Tool Works, Inc.

     31        5,172  

Lincoln Electric Holdings, Inc.

     5        458  

Nordson Corp.

     6        878  

PACCAR, Inc.

     36        2,559  

Parker-Hannifin Corp.

     11        2,195  

Stanley Black & Decker, Inc.

     14        2,376  

WABCO Holdings, Inc.*

     8        1,148  

Wabtec Corp.(a)

     8        651  

Xylem, Inc.

     12        818  
     

 

 

 
Total Machinery               33,071  

 

See Notes to Financial Statements.

 

116   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree U.S. Export and Multinational Fund (WEXP)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
Media – 0.4%      

Interpublic Group of Cos., Inc. (The)

     45      $ 907  

Omnicom Group, Inc.

     29        2,112  
     

 

 

 
Total Media               3,019  
Metals & Mining – 0.6%      

Alcoa Corp.*

     14        754  

Freeport-McMoRan, Inc.*

     171        3,242  

Newmont Mining Corp.

     6        225  

Royal Gold, Inc.

     4        329  
     

 

 

 
Total Metals & Mining               4,550  
Oil, Gas & Consumable Fuels – 6.9%      

Apache Corp.

     41        1,731  

Chevron Corp.

     130        16,275  

Exxon Mobil Corp.

     442        36,969  
     

 

 

 
Total Oil, Gas & Consumable Fuels               54,975  
Personal Products – 0.5%      

Estee Lauder Cos., Inc. (The) Class A

     31        3,945  
Pharmaceuticals – 9.4%      

Bristol-Myers Squibb Co.

     120        7,354  

Catalent, Inc.*

     4        164  

Eli Lilly & Co.

     51        4,307  

Johnson & Johnson

     233        32,555  

Merck & Co., Inc.

     132        7,428  

Pfizer, Inc.

     587        21,261  

Zoetis, Inc.

     28        2,017  
     

 

 

 
Total Pharmaceuticals               75,086  
Professional Services – 0.2%      

ManpowerGroup, Inc.

     13        1,640  
Real Estate Management & Development – 0.3%      

CBRE Group, Inc. Class A*

     34        1,472  

Jones Lang LaSalle, Inc.

     6        894  
     

 

 

 
Total Real Estate Management & Development               2,366  
Road & Rail – 0.1%      

Kansas City Southern

     11        1,157  
Semiconductors & Semiconductor Equipment – 7.4%      

Analog Devices, Inc.

     10        890  

Applied Materials, Inc.

     96        4,908  

Intel Corp.

     410        18,926  

KLA-Tencor Corp.

     15        1,576  

Lam Research Corp.

     16        2,945  

Maxim Integrated Products, Inc.

     18        941  

Microchip Technology, Inc.

     8        703  

Micron Technology, Inc.*

     164        6,744  

Microsemi Corp.*

     2        103  

MKS Instruments, Inc.

     2        189  

NVIDIA Corp.

     20        3,870  

ON Semiconductor Corp.*

     24        503  

QUALCOMM, Inc.

     118        7,554  

Skyworks Solutions, Inc.

     16        1,519  

Teradyne, Inc.

     13        544  

Texas Instruments, Inc.

     62        6,475  

Xilinx, Inc.

     12        809  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               59,199  
Software – 4.2%      

Activision Blizzard, Inc.

     17      1,076  

Adobe Systems, Inc.*

     8        1,402  

ANSYS, Inc.*

     3        443  

Cadence Design Systems, Inc.*

     6        251  

Citrix Systems, Inc.*

     4        352  

Electronic Arts, Inc.*

     11        1,156  

Fortinet, Inc.*

     1        44  

Guidewire Software, Inc.*

     1        74  

Microsoft Corp.

     224        19,161  

Oracle Corp.

     168        7,943  

PTC, Inc.*

     1        61  

Red Hat, Inc.*

     2        240  

Synopsys, Inc.*

     2        170  

Take-Two Interactive Software, Inc.*

     1        110  

VMware, Inc. Class A*(a)

     10        1,253  
     

 

 

 
Total Software               33,736  
Specialty Retail – 0.1%      

Tiffany & Co.

     11        1,144  
Technology Hardware, Storage & Peripherals – 3.4%      

Apple, Inc.

     126        21,323  

Hewlett Packard Enterprise Co.

     33        474  

HP, Inc.

     126        2,647  

NetApp, Inc.

     9        498  

Western Digital Corp.

     22        1,750  

Xerox Corp.

     10        291  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               26,983  
Textiles, Apparel & Luxury Goods – 1.6%      

NIKE, Inc. Class B

     161        10,070  

PVH Corp.

     9        1,235  

Ralph Lauren Corp.

     1        104  

Tapestry, Inc.

     23        1,017  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               12,426  
Tobacco – 3.7%      

Philip Morris International, Inc.

     279        29,476  
TOTAL COMMON STOCKS
(Cost: $695,236)
              794,752  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%  
United States – 0.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b)

     
(Cost: $1,297)(c)      1,297        1,297  
TOTAL INVESTMENTS IN SECURITIES – 100.1%
(Cost: $696,533)
        796,049  

Other Assets less Liabilities – (0.1)%

        (445
     

 

 

 
NET ASSETS – 100.0%             $ 795,604  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(c) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $1,840 and the total market value of the collateral held by the Fund was $1,880. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $583.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      117  


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

December 31, 2017

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.4%      
United States – 98.4%      

21st Century Fox America, Inc.
5.40%, 10/1/43

   $ 44,000      $ 54,627  

ABB Finance USA, Inc.
2.88%, 5/8/22

     63,000        64,093  

Abbott Laboratories
2.00%, 3/15/20

     74,000        73,428  

4.90%, 11/30/46

     32,000        36,837  

AbbVie, Inc.
4.45%, 5/14/46

     31,000        33,836  

American International Group, Inc.
3.30%, 3/1/21

     35,000        35,706  

4.80%, 7/10/45

     27,000        30,401  

Amgen, Inc.
5.15%, 11/15/41

     61,000        73,471  

Anthem, Inc.
4.65%, 1/15/43

     15,000        16,511  

Apple, Inc.
3.85%, 5/4/43

     69,000        71,864  

AT&T, Inc.
3.60%, 2/17/23

     37,000        37,893  

5.45%, 3/1/47

     50,000        53,638  

4.50%, 3/9/48

     117,000        110,065  

Bank of America Corp.
4.13%, 1/22/24

     62,000        65,993  

4.45%, 3/3/26

     47,000        50,254  

5.00%, 1/21/44

     58,000        70,227  

BB&T Corp.
5.25%, 11/1/19

     45,000        47,340  

Berkshire Hathaway Energy Co.
6.13%, 4/1/36

     73,000        97,860  

Block Financial LLC
5.50%, 11/1/22

     46,000        49,476  

CBS Corp.
4.60%, 1/15/45

     11,000        11,259  

Celgene Corp.
2.88%, 8/15/20

     74,000        74,737  

Chevron Corp.
2.36%, 12/5/22

     124,000        123,102  

Citigroup, Inc.
2.05%, 12/7/18

     91,000        90,926  

5.50%, 9/13/25

     134,000        151,197  

Comcast Corp.
4.25%, 1/15/33

     12,000        13,102  

4.65%, 7/15/42

     46,000        51,897  

CVS Health Corp.
4.88%, 7/20/35

     60,000        66,615  

Discovery Communications LLC
5.20%, 9/20/47

     20,000        20,954  

Dow Chemical Co. (The)
4.13%, 11/15/21

     147,000        154,264  

Duke Energy Corp.
2.65%, 9/1/26

     38,000        36,480  

3.15%, 8/15/27

     29,000        28,850  

Edison International
2.13%, 4/15/20

   20,000      19,836  

EI du Pont de Nemours & Co.
2.80%, 2/15/23

     88,000        87,868  

EPR Properties
5.75%, 8/15/22

     33,000        36,021  

Exelon Corp.
3.50%, 6/1/22

     44,000        44,885  

Express Scripts Holding Co.
4.80%, 7/15/46

     12,000        12,816  

FedEx Corp.
4.55%, 4/1/46

     12,000        13,232  

General Motors Co.
6.75%, 4/1/46

     18,000        22,743  

General Motors Financial Co., Inc.
4.35%, 1/17/27

     42,000        43,762  

Gilead Sciences, Inc.
4.15%, 3/1/47

     31,000        33,059  

Goldman Sachs Group, Inc. (The)
5.25%, 7/27/21

     62,000        67,228  

3.85%, 7/8/24

     61,000        63,326  

Hartford Financial Services Group, Inc. (The)
6.10%, 10/1/41

     32,000        42,602  

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

     25,000        26,300  

HSBC USA, Inc.
5.00%, 9/27/20

     100,000        105,901  

International Business Machines Corp.
4.00%, 6/20/42

     44,000        46,707  

JPMorgan Chase & Co.
5.63%, 8/16/43

     51,000        63,554  

Kraft Heinz Foods Co.
6.88%, 1/26/39

     23,000        30,371  

Kroger Co. (The)
3.70%, 8/1/27

     30,000        30,437  

Lowe’s Cos., Inc.
4.05%, 5/3/47

     11,000        11,740  

Macy’s Retail Holdings, Inc.
6.38%, 3/15/37

     11,000        11,249  

Magellan Midstream Partners L.P.
5.15%, 10/15/43

     9,000        10,218  

Marriott International, Inc.
3.00%, 3/1/19

     57,000        57,401  

McDonald’s Corp.
3.50%, 3/1/27

     24,000        24,729  

McKesson Corp.
3.80%, 3/15/24

     113,000        117,200  

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

     17,000        19,598  

Microsoft Corp.
4.10%, 2/6/37

     45,000        50,343  

Morgan Stanley
4.88%, 11/1/22

     148,000        159,542  

MPLX L.P.
4.13%, 3/1/27

     10,000        10,261  

 

See Notes to Financial Statements.

 

118   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

December 31, 2017

 

  

 

 

Investments    Principal
Amount
     Value  

Mylan N.V.
3.95%, 6/15/26

   $ 20,000      $ 20,202  

Northrop Grumman Corp.
3.25%, 8/1/23

     84,000        85,826  

NVR, Inc.
3.95%, 9/15/22

     18,000        18,810  

Occidental Petroleum Corp.
4.10%, 2/1/21, Series 1

     68,000        71,250  

Oracle Corp.
4.30%, 7/8/34

     71,000        79,045  

Pacific Gas & Electric Co.
6.05%, 3/1/34

     68,000        85,851  

Pfizer, Inc.
2.10%, 5/15/19

     124,000        124,219  

Philip Morris International, Inc.
5.65%, 5/16/18

     104,000        105,488  

QUALCOMM, Inc.
4.30%, 5/20/47

     9,000        9,089  

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

     17,000        21,309  

Santander Holdings USA, Inc.
2.65%, 4/17/20

     81,000        81,002  

Shire Acquisitions Investments Ireland DAC
3.20%, 9/23/26

     40,000        39,184  

South Carolina Electric & Gas Co.
4.10%, 6/15/46

     6,000        6,122  

Southern Co. Gas Capital Corp.
4.40%, 5/30/47

     32,000        34,427  

Synchrony Financial
2.70%, 2/3/20

     110,000        110,328  

Thermo Fisher Scientific, Inc.
3.00%, 4/15/23

     86,000        86,632  

Time Warner, Inc.
4.88%, 3/15/20

     76,000        80,013  

3.60%, 7/15/25

     126,000        126,483  

Tyson Foods, Inc.
2.65%, 8/15/19

     36,000        36,187  

3.95%, 8/15/24

     89,000        93,730  

United Technologies Corp.
4.50%, 6/1/42

     35,000        38,882  

Verizon Communications, Inc.
4.15%, 3/15/24

     63,000        66,350  

4.40%, 11/1/34

     156,000        159,433  

Viacom, Inc.
4.50%, 3/1/21

     57,000        59,381  

Walgreens Boots Alliance, Inc.
4.80%, 11/18/44

     9,000        9,727  

Wells Fargo & Co.
3.45%, 2/13/23, Series M

     44,000        44,869  

4.30%, 7/22/27

     45,000        47,973  

4.75%, 12/7/46

     14,000        15,685  

Xylem, Inc.
4.38%, 11/1/46

     38,000        40,896  
     

 

 

 
TOTAL CORPORATE BONDS
(Cost: $4,916,387)
              4,958,225  
U.S. GOVERNMENT OBLIGATIONS – 0.2%      
U.S. Treasury Note – 0.2%      

U.S. Treasury Note
2.25%, 2/15/27

     
(Cost: $9,864)    10,000      9,871  
TOTAL INVESTMENTS IN SECURITIES – 98.6%
(Cost: $4,926,251)
        4,968,096  

Other Assets less Liabilities – 1.4%

        68,284  
     

 

 

 
NET ASSETS – 100.0%             $ 5,036,380  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      119  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2017

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.6%      
United States – 98.6%      

ADT Corp. (The)
4.13%, 6/15/23

   $ 75,000      $ 75,187  

AECOM
5.75%, 10/15/22

     63,000        65,993  

AMC Entertainment Holdings, Inc.
5.88%, 11/15/26

     75,000        74,063  

AMC Networks, Inc.
5.00%, 4/1/24

     50,000        50,750  

American Axle & Manufacturing, Inc.
6.25%, 4/1/25(a)

     50,000        52,750  

Andeavor Logistics L.P.
5.25%, 1/15/25

     50,000        52,648  

Aramark Services, Inc.
4.75%, 6/1/26

     50,000        50,875  

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

     50,000        52,310  

Ashland LLC
4.75%, 8/15/22

     89,000        92,782  

Berry Global, Inc.
5.13%, 7/15/23

     100,000        104,375  

Boyd Gaming Corp.
6.38%, 4/1/26

     50,000        54,000  

CCO Holdings LLC
5.13%, 5/1/27(a)

     125,000        123,437  

Chemours Co. (The)
6.63%, 5/15/23

     50,000        53,125  

Chesapeake Energy Corp.
8.00%, 12/15/22(a)

     75,000        81,187  

CommScope Technologies LLC
6.00%, 6/15/25(a)

     65,000        69,388  

Community Health Systems, Inc.
7.13%, 7/15/20

     78,000        58,695  

6.25%, 3/31/23

     50,000        45,250  

Crestwood Midstream Partners L.P.
5.75%, 4/1/25

     75,000        77,719  

CSC Holdings LLC
5.25%, 6/1/24

     75,000        74,063  

DaVita, Inc.
5.75%, 8/15/22

     125,000        128,672  

Dell International LLC
7.13%, 6/15/24(a)

     50,000        54,762  

DISH DBS Corp.
5.00%, 3/15/23

     76,000        72,105  

DPL, Inc.
7.25%, 10/15/21

     100,000        111,375  

Dynegy, Inc.
7.63%, 11/1/24

     75,000        80,812  

Endo Finance LLC
5.38%, 1/15/23(a)

     75,000        58,875  

Envision Healthcare Corp.
5.63%, 7/15/22

     50,000        50,750  

ESH Hospitality, Inc.
5.25%, 5/1/25(a)

     50,000        50,625  

First Data Corp.
7.00%, 12/1/23(a)

   146,000      154,760  

Gray Television, Inc.
5.88%, 7/15/26(a)

     75,000        77,062  

Hanesbrands, Inc.
4.88%, 5/15/26(a)

     50,000        51,500  

HCA, Inc.
4.75%, 5/1/23

     147,000        151,777  

HealthSouth Corp.
5.75%, 11/1/24

     50,000        51,375  

HRG Group, Inc.
7.75%, 1/15/22

     96,000        99,840  

Hughes Satellite Systems Corp.
6.63%, 8/1/26

     50,000        52,500  

JBS USA LUX S.A.
5.75%, 6/15/25(a)

     50,000        48,375  

Kindred Healthcare, Inc.
8.75%, 1/15/23

     76,000        80,940  

KLX, Inc.
5.88%, 12/1/22(a)

     72,000        75,668  

L Brands, Inc.
6.88%, 11/1/35

     75,000        76,125  

Level 3 Financing, Inc.
5.38%, 5/1/25

     50,000        50,063  

Navient Corp.
6.13%, 3/25/24

     122,000        124,135  

Nexstar Broadcasting, Inc.
5.63%, 8/1/24(a)

     100,000        103,500  

Nielsen Finance LLC
5.00%, 4/15/22(a)

     100,000        103,125  

NuStar Logistics L.P.
5.63%, 4/28/27

     50,000        51,000  

OneMain Financial Holdings LLC
7.25%, 12/15/21(a)

     50,000        51,991  

PBF Holding Co. LLC
7.00%, 11/15/23

     75,000        78,375  

Platform Specialty Products Corp.
6.50%, 2/1/22(a)

     83,000        85,905  

Post Holdings, Inc.
5.75%, 3/1/27(a)

     100,000        102,000  

Prime Security Services Borrower LLC
9.25%, 5/15/23(a)

     100,000        111,250  

PulteGroup, Inc.
5.00%, 1/15/27

     75,000        78,656  

Regal Entertainment Group
5.75%, 3/15/22

     50,000        51,688  

Rite Aid Corp.
6.75%, 6/15/21

     50,000        50,000  

Scientific Games International, Inc.
10.00%, 12/1/22

     106,000        116,732  

Sirius XM Radio, Inc.
5.38%, 7/15/26(a)

     50,000        51,938  

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

     45,000        45,788  

Springleaf Finance Corp.
7.75%, 10/1/21

     60,000        66,225  

 

See Notes to Financial Statements.

 

120   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2017

 

  

 

 

Investments    Principal
Amount
     Value  

T-Mobile USA, Inc.
6.00%, 3/1/23

   $ 89,000      $ 93,405  

TransDigm, Inc.
6.38%, 6/15/26

     75,000        75,937  

Transocean, Inc.
7.50%, 1/15/26(a)

     50,000        51,328  

TreeHouse Foods, Inc.
6.00%, 2/15/24(a)

     69,000        72,105  

Tronox Finance LLC
7.50%, 3/15/22(a)

     50,000        52,375  

United Rentals North America, Inc.
5.88%, 9/15/26

     50,000        53,688  

Uniti Group L.P.
8.25%, 10/15/23

     75,000        72,469  

Valeant Pharmaceuticals International
6.38%, 10/15/20(a)

     100,000        101,250  

Western Digital Corp.
10.50%, 4/1/24

     100,000        116,125  

Windstream Services LLC
6.38%, 8/1/23(a)

     121,000        73,205  

Wynn Las Vegas LLC
4.25%, 5/30/23(a)

     75,000        76,594  

Zayo Group LLC
5.75%, 1/15/27(a)

     50,000        51,125  
TOTAL INVESTMENTS IN SECURITIES – 98.6%
(Cost: $4,971,015)
        5,048,472  

Other Assets less Liabilities – 1.4%

        70,665  
     

 

 

 
NET ASSETS – 100.0%             $ 5,119,137  
(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.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      121  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2017

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.0%      
United States – 98.0%      

Abbott Laboratories
2.00%, 3/15/20

   $ 60,000      $ 59,536  

2.90%, 11/30/21

     30,000        30,375  

AbbVie, Inc.
2.85%, 5/14/23

     37,000        36,965  

Altria Group, Inc.
9.25%, 8/6/19

     83,000        92,039  

American Honda Finance Corp.
2.45%, 9/24/20

     49,000        49,179  

American International Group, Inc.
3.38%, 8/15/20

     48,000        49,080  

3.30%, 3/1/21

     86,000        87,734  

Amgen, Inc.
3.88%, 11/15/21

     47,000        49,165  

Analog Devices, Inc.
2.50%, 12/5/21

     10,000        9,911  

Anthem, Inc.
3.13%, 5/15/22

     24,000        24,237  

Apple, Inc.
2.25%, 2/23/21

     63,000        62,955  

AT&T, Inc.
2.30%, 3/11/19

     59,000        59,080  

3.00%, 2/15/22

     101,000        101,303  

3.60%, 2/17/23

     29,000        29,700  

Bank of America Corp.
7.63%, 6/1/19

     115,000        123,738  

5.70%, 1/24/22

     53,000        59,116  

Bank of New York Mellon Corp. (The)
2.05%, 5/3/21

     114,000        112,669  

Baxter International, Inc.
1.70%, 8/15/21

     22,000        21,351  

BB&T Corp.
5.25%, 11/1/19

     46,000        48,392  

Becton Dickinson and Co.
2.89%, 6/6/22

     34,000        33,822  

Block Financial LLC
5.50%, 11/1/22

     11,000        11,831  

Capital One Financial Corp.
4.75%, 7/15/21

     49,000        52,398  

Cardinal Health, Inc.
1.95%, 6/14/19

     62,000        61,641  

Celgene Corp.
2.88%, 8/15/20

     52,000        52,518  

Chevron Corp.
1.96%, 3/3/20

     71,000        70,773  

Cisco Systems, Inc.
2.13%, 3/1/19

     62,000        62,080  

Citigroup, Inc.
1.75%, 5/1/18

     107,000        106,919  

2.65%, 10/26/20

     72,000        72,290  

2.75%, 4/25/22

     34,000        33,965  

Comcast Cable Communications Holdings, Inc.
9.46%, 11/15/22

     14,000        18,303  

Consolidated Edison, Inc.
2.00%, 5/15/21

   75,000      73,914  

Constellation Brands, Inc.
3.75%, 5/1/21

     33,000        34,139  

CVS Health Corp.
2.80%, 7/20/20

     120,000        120,571  

Discovery Communications LLC
3.30%, 5/15/22

     18,000        18,150  

Dow Chemical Co. (The)
4.25%, 11/15/20

     79,000        82,556  

Duke Energy Corp.
2.40%, 8/15/22

     32,000        31,474  

eBay, Inc.
2.60%, 7/15/22

     22,000        21,825  

Edison International
2.13%, 4/15/20

     11,000        10,910  

EI du Pont de Nemours & Co.
6.00%, 7/15/18

     94,000        96,001  

Exelon Corp.
3.50%, 6/1/22

     44,000        44,885  

Exxon Mobil Corp.
1.82%, 3/15/19

     62,000        61,912  

Fidelity National Information Services, Inc.
3.63%, 10/15/20

     39,000        40,097  

General Mills, Inc.
5.65%, 2/15/19

     67,000        69,548  

General Motors Financial Co., Inc.
3.45%, 1/14/22

     64,000        64,923  

3.45%, 4/10/22

     44,000        44,629  

Gilead Sciences, Inc.
4.40%, 12/1/21

     35,000        37,348  

Goldman Sachs Group, Inc. (The)
5.25%, 7/27/21

     108,000        117,107  

Hartford Financial Services Group, Inc. (The)
5.50%, 3/30/20

     25,000        26,659  

Hewlett Packard Enterprise Co.
3.60%, 10/15/20

     46,000        46,996  

HP, Inc.
4.30%, 6/1/21

     36,000        37,774  

HSBC USA, Inc.
2.35%, 3/5/20

     100,000        100,019  

JPMorgan Chase & Co.
2.75%, 6/23/20

     128,000        129,162  

4.40%, 7/22/20

     71,000        74,615  

Kraft Heinz Foods Co.
2.80%, 7/2/20

     39,000        39,248  

Kroger Co. (The)
2.30%, 1/15/19

     14,000        14,015  

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

     155,000        156,095  

McDonald’s Corp.
2.63%, 1/15/22

     19,000        19,057  

McKesson Corp.
2.28%, 3/15/19

     115,000        115,056  

Medco Health Solutions, Inc.
7.13%, 3/15/18

     49,000        49,498  

 

See Notes to Financial Statements.

 

122   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2017

 

  

 

 

Investments    Principal
Amount
     Value  

Microsoft Corp.
1.10%, 8/8/19

   $ 57,000      $ 56,251  

Molson Coors Brewing Co.
2.10%, 7/15/21

     15,000        14,714  

Morgan Stanley
2.38%, 7/23/19

     52,000        52,078  

5.50%, 7/28/21

     73,000        79,915  

2.75%, 5/19/22

     33,000        32,899  

NVIDIA Corp.
2.20%, 9/16/21

     15,000        14,852  

Oracle Corp.
3.88%, 7/15/20

     26,000        27,119  

Philip Morris International, Inc.
2.38%, 8/17/22

     21,000        20,705  

QUALCOMM, Inc.
2.25%, 5/20/20

     26,000        25,808  

Reynolds American, Inc.
2.30%, 6/12/18

     98,000        98,126  

Santander Holdings USA, Inc.
2.70%, 5/24/19

     39,000        39,098  

Sherwin-Williams Co. (The)
2.25%, 5/15/20

     24,000        23,933  

Southern Co. (The)
2.35%, 7/1/21

     26,000        25,867  

SunTrust Banks, Inc.
2.35%, 11/1/18

     98,000        98,283  

Synchrony Financial
2.70%, 2/3/20

     95,000        95,284  

Tech Data Corp.
3.70%, 2/15/22

     30,000        30,121  

Thermo Fisher Scientific, Inc.
3.30%, 2/15/22

     39,000        39,952  

Time Warner, Inc.
4.88%, 3/15/20

     46,000        48,429  

Toyota Motor Credit Corp.
2.10%, 1/17/19

     39,000        39,095  

Tyson Foods, Inc.
2.65%, 8/15/19

     54,000        54,280  

United Parcel Service, Inc.
3.13%, 1/15/21

     95,000        97,380  

United Technologies Corp.
3.10%, 6/1/22

     27,000        27,518  

UnitedHealth Group, Inc.
1.90%, 7/16/18

     79,000        79,038  

Verizon Communications, Inc.
2.95%, 3/15/22

     55,000        55,389  

Viacom, Inc.
4.50%, 3/1/21

     45,000        46,880  

Walgreens Boots Alliance, Inc.
2.70%, 11/18/19

     97,000        97,631  

Wells Fargo & Co.
2.55%, 12/7/20

   35,000      35,157  

4.60%, 4/1/21

     52,000        55,286  
TOTAL INVESTMENTS IN SECURITIES – 98.0%
(Cost: $4,899,229)
        4,872,336  

Other Assets less Liabilities – 2.0%

        97,521  
     

 

 

 
NET ASSETS – 100.0%             $ 4,969,857  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      123  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2017

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 97.1%      
United States – 97.1%      

AES Corp.
7.38%, 7/1/21

   $ 50,000      $ 56,375  

American Axle & Manufacturing, Inc.
6.25%, 3/15/21

     50,000        51,344  

Arconic, Inc.
5.40%, 4/15/21

     100,000        106,475  

Ball Corp.
5.00%, 3/15/22

     50,000        53,562  

Cablevision Systems Corp.
8.00%, 4/15/20

     69,000        73,830  

Calumet Specialty Products Partners L.P.
6.50%, 4/15/21

     125,000        125,000  

Centene Corp.
5.63%, 2/15/21

     143,000        147,290  

CenturyLink, Inc.
5.63%, 4/1/20, Series V

     100,000        101,125  

Cequel Communications Holdings I LLC
5.13%, 12/15/21(a)

     50,000        50,375  

Chesapeake Energy Corp.
4.88%, 4/15/22

     100,000        95,250  

Clean Harbors, Inc.
5.13%, 6/1/21

     50,000        50,625  

Community Health Systems, Inc.
8.00%, 11/15/19

     65,000        55,087  

7.13%, 7/15/20

     77,000        57,942  

CSC Holdings LLC
8.63%, 2/15/19

     50,000        52,875  

DISH DBS Corp.
7.88%, 9/1/19

     77,000        82,582  

5.13%, 5/1/20

     100,000        102,500  

DPL, Inc.
7.25%, 10/15/21

     50,000        55,687  

Endo Finance LLC
5.75%, 1/15/22(a)

     100,000        83,750  

Envision Healthcare Corp.
5.13%, 7/1/22(a)

     100,000        97,500  

Frontier Communications Corp.
8.50%, 4/15/20

     24,000        19,980  

6.25%, 9/15/21

     100,000        71,250  

Gap, Inc. (The)
5.95%, 4/12/21

     50,000        53,955  

GLP Capital L.P.
4.38%, 11/1/18

     100,000        101,250  

HCA, Inc.
5.88%, 3/15/22

     150,000        160,875  

HRG Group, Inc.
7.88%, 7/15/19

     140,000        140,315  

Hughes Satellite Systems Corp.
6.63%, 8/1/26

     50,000        52,500  

Huntsman International LLC
4.88%, 11/15/20

     92,000        96,025  

JBS USA LUX S.A.
7.25%, 6/1/21(a)

     100,000        102,125  

Kindred Healthcare, Inc.
8.00%, 1/15/20

     50,000        54,422  

Men’s Wearhouse, Inc. (The)
7.00%, 7/1/22

   50,000      50,440  

MGM Resorts International
8.63%, 2/1/19

     69,000        73,485  

6.75%, 10/1/20

     112,000        121,240  

Michaels Stores, Inc.
5.88%, 12/15/20(a)

     122,000        123,830  

Nabors Industries, Inc.
4.63%, 9/15/21

     50,000        47,875  

Nationstar Mortgage LLC
6.50%, 8/1/18

     154,000        154,250  

Navient Corp.
4.88%, 6/17/19

     47,000        47,912  

8.00%, 3/25/20

     145,000        157,144  

NCR Corp.
5.00%, 7/15/22

     100,000        102,250  

Nielsen Finance LLC
4.50%, 10/1/20

     83,000        83,830  

5.00%, 4/15/22(a)

     50,000        51,563  

OneMain Financial Holdings LLC
6.75%, 12/15/19(a)

     73,000        75,431  

Platform Specialty Products Corp.
6.50%, 2/1/22(a)

     100,000        103,500  

PulteGroup, Inc.
4.25%, 3/1/21

     50,000        51,625  

Rite Aid Corp.
6.13%, 4/1/23(a)

     50,000        45,313  

RR Donnelley & Sons Co.
7.88%, 3/15/21

     75,000        78,375  

Scientific Games International, Inc.
7.00%, 1/1/22(a)

     100,000        105,625  

Select Medical Corp.
6.38%, 6/1/21

     50,000        51,500  

Springleaf Finance Corp.
5.25%, 12/15/19

     96,000        99,000  

Steel Dynamics, Inc.
5.13%, 10/1/21

     50,000        51,375  

SUPERVALU, Inc.
6.75%, 6/1/21

     50,000        50,063  

T-Mobile USA, Inc.
6.00%, 4/15/24

     100,000        106,250  

TEGNA, Inc.
4.88%, 9/15/21(a)

     50,000        51,125  

Time, Inc.
5.75%, 4/15/22(a)

     50,000        52,375  

TransDigm, Inc.
5.50%, 10/15/20

     133,000        134,829  

TreeHouse Foods, Inc.
4.88%, 3/15/22

     50,000        50,750  

United States Steel Corp.
8.38%, 7/1/21(a)

     40,000        43,420  

Valeant Pharmaceuticals International
6.38%, 10/15/20(a)

     125,000        126,562  

6.75%, 8/15/21(a)

     50,000        50,500  

Whiting Petroleum Corp.
5.75%, 3/15/21

     50,000        51,438  

 

See Notes to Financial Statements.

 

124   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2017

 

  

 

 

Investments    Principal
Amount
     Value  

Windstream Services LLC
7.75%, 10/15/20

   $ 20,000      $ 17,000  

8.63%, 10/31/25(a)

     76,000        73,530  
TOTAL INVESTMENTS IN SECURITIES – 97.1% (Cost: $4,851,511)         4,835,276  

Other Assets less Liabilities – 2.9%

        144,492  
     

 

 

 
NET ASSETS – 100.0%             $ 4,979,768  
(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.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      125  


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.1%      
United States – 100.1%      
Aerospace & Defense – 2.1%      

Boeing Co. (The)

     120      $ 35,389  

Lockheed Martin Corp.

     316        101,452  
     

 

 

 
Total Aerospace & Defense               136,841  
Air Freight & Logistics – 1.0%      

United Parcel Service, Inc. Class B

     541        64,460  
Banks – 0.6%      

East West Bancorp, Inc.

     676        41,121  
Beverages – 0.7%      

Brown-Forman Corp. Class B

     654        44,910  
Biotechnology – 1.6%      

Amgen, Inc.

     179        31,128  

Gilead Sciences, Inc.

     480        34,387  

United Therapeutics Corp.*

     268        39,651  
     

 

 

 
Total Biotechnology               105,166  
Capital Markets – 0.7%      

Goldman Sachs Group, Inc. (The)

     185        47,131  
Chemicals – 0.6%      

Huntsman Corp.

     1,214        40,414  
Communications Equipment – 6.8%      

Arista Networks, Inc.*

     228        53,712  

InterDigital, Inc.

     593        45,157  

Motorola Solutions, Inc.

     1,284        115,997  

Ubiquiti Networks, Inc.*(a)

     3,196        226,980  
     

 

 

 
Total Communications Equipment               441,846  
Consumer Finance – 1.9%      

Discover Financial Services

     696        53,536  

Navient Corp.

     1,983        26,414  

Santander Consumer USA Holdings, Inc.

     2,286        42,565  
     

 

 

 
Total Consumer Finance               122,515  
Containers & Packaging – 1.7%      

Crown Holdings, Inc.*

     1,913        107,606  
Diversified Consumer Services – 1.4%      

H&R Block, Inc.

     3,354        87,942  
Diversified Telecommunication Services – 2.0%      

AT&T, Inc.

     1,898        73,794  

Verizon Communications, Inc.

     1,020        53,989  
     

 

 

 
Total Diversified Telecommunication Services               127,783  
Electric Utilities – 0.3%      

PPL Corp.

     690        21,355  
Electronic Equipment, Instruments & Components – 1.2%     

Coherent, Inc.*

     265        74,788  
Equity Real Estate Investment Trusts (REITs) – 6.3%      

Duke Realty Corp.

     2,969        80,786  

GGP, Inc.

     4,005        93,677  

Lamar Advertising Co. Class A

     948        70,379  

LaSalle Hotel Properties

     1,736        48,730  

Park Hotels & Resorts, Inc.

     2,001      57,529  

Vornado Realty Trust

     728        56,915  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               408,016  
Food Products – 3.5%      

Hershey Co. (The)

     1,278        145,066  

Hormel Foods Corp.

     2,316        84,279  
     

 

 

 
Total Food Products               229,345  
Health Care Equipment & Supplies – 0.8%      

Hologic, Inc.*

     1,220        52,155  
Health Care Providers & Services – 11.5%      

AMN Healthcare Services, Inc.*

     895        44,079  

DaVita, Inc.*

     743        53,682  

Encompass Health Corp.

     3,529        174,368  

HCA Healthcare, Inc.*

     1,689        148,362  

Humana, Inc.

     183        45,397  

Laboratory Corp. of America Holdings*

     274        43,706  

MEDNAX, Inc.*

     2,750        146,960  

Quest Diagnostics, Inc.

     440        43,335  

Universal Health Services, Inc. Class B

     390        44,206  
     

 

 

 
Total Health Care Providers & Services               744,095  
Hotels, Restaurants & Leisure – 3.5%      

Cracker Barrel Old Country Store, Inc.(a)

     934        148,403  

Las Vegas Sands Corp.

     489        33,981  

Wyndham Worldwide Corp.

     408        47,275  
     

 

 

 
Total Hotels, Restaurants & Leisure               229,659  
Household Durables – 0.5%      

Tupperware Brands Corp.

     535        33,544  
Household Products – 3.7%      

Clorox Co. (The)

     680        101,143  

Colgate-Palmolive Co.

     523        39,460  

Energizer Holdings, Inc.

     1,288        61,798  

Kimberly-Clark Corp.

     284        34,268  
     

 

 

 
Total Household Products               236,669  
Independent Power & Renewable Electricity Producers – 0.9%     

NRG Yield, Inc. Class C

     3,214        60,745  
Industrial Conglomerates – 1.0%      

3M Co.

     284        66,845  
Insurance – 7.9%      

Allstate Corp. (The)

     891        93,297  

American Financial Group, Inc.

     1,290        140,016  

CNA Financial Corp.

     1,453        77,082  

CNO Financial Group, Inc.

     2,619        64,663  

Lincoln National Corp.

     391        30,056  

Reinsurance Group of America, Inc.

     709        110,554  
     

 

 

 
Total Insurance               515,668  
Internet Software & Services – 2.9%      

eBay, Inc.*

     994        37,513  

Facebook, Inc. Class A*

     484        85,407  

Match Group, Inc.*(a)

     2,031        63,591  
     

 

 

 
Total Internet Software & Services               186,511  

 

See Notes to Financial Statements.

 

126   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited) (continued)

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

December 31, 2017

 

  

 

 

Investments    Shares      Value  
IT Services – 2.4%      

Cognizant Technology Solutions Corp. Class A

     668      $ 47,441  

DST Systems, Inc.

     811        50,339  

Paychex, Inc.

     805        54,805  
     

 

 

 
Total IT Services               152,585  
Media – 1.3%      

Omnicom Group, Inc.

     709        51,636  

TEGNA, Inc.

     2,395        33,722  
     

 

 

 
Total Media               85,358  
Metals & Mining – 0.5%      

Freeport-McMoRan, Inc.*

     1,621        30,734  
Multi-Utilities – 1.1%      

SCANA Corp.

     1,824        72,559  
Multiline Retail – 1.0%      

Nordstrom, Inc.

     1,425        67,516  
Oil, Gas & Consumable Fuels – 5.0%      

Gulfport Energy Corp.*

     9,226        117,724  

Kinder Morgan, Inc.

     4,433        80,104  

Newfield Exploration Co.*

     1,240        39,097  

ONEOK, Inc.

     699        37,362  

Southwestern Energy Co.*

     4,885        27,258  

Williams Cos., Inc. (The)

     780        23,782  
     

 

 

 
Total Oil, Gas & Consumable Fuels               325,327  
Personal Products – 0.5%      

Nu Skin Enterprises, Inc. Class A

     451        30,772  
Professional Services – 0.5%      

Robert Half International, Inc.

     523        29,047  
Semiconductors & Semiconductor Equipment – 11.4%  

Advanced Energy Industries, Inc.*

     578        39,003  

Applied Materials, Inc.

     795        40,640  

Cabot Microelectronics Corp.

     648        60,964  

Cirrus Logic, Inc.*

     3,228        167,404  

Intel Corp.

     1,248        57,608  

KLA-Tencor Corp.

     414        43,499  

Lam Research Corp.

     234        43,072  

Maxim Integrated Products, Inc.

     1,034        54,058  

Microchip Technology, Inc.

     514        45,170  

Micron Technology, Inc.*

     813        33,431  

NVIDIA Corp.

     221        42,764  

Teradyne, Inc.

     1,240        51,919  

Texas Instruments, Inc.

     580        60,575  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               740,107  
Software – 2.0%      

Activision Blizzard, Inc.

     906        57,368  

Adobe Systems, Inc.*

     429        75,178  
     

 

 

 
Total Software               132,546  
Specialty Retail – 2.3%      

Gap, Inc. (The)

     2,596        88,420  

Lowe’s Cos., Inc.

     661      61,433  
     

 

 

 
Total Specialty Retail               149,853  
Textiles, Apparel & Luxury Goods – 1.9%      

Hanesbrands, Inc.

     5,949        124,394  
Tobacco – 0.4%      

Philip Morris International, Inc.

     264        27,892  
Trading Companies & Distributors – 4.7%      

Fastenal Co.

     1,161        63,495  

GATX Corp.

     699        43,450  

W.W. Grainger, Inc.

     533        125,921  

Watsco, Inc.

     438        74,478  
     

 

 

 
Total Trading Companies & Distributors               307,344  
TOTAL COMMON STOCKS
(Cost: $6,093,647)
              6,503,164  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.7%  
United States – 2.7%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b)

     
(Cost: $176,696)(c)      176,696        176,696  
TOTAL INVESTMENTS IN SECURITIES – 102.8% (Cost: $6,270,343)         6,679,860  

Other Assets less Liabilities – (2.8)%

        (180,343
     

 

 

 
NET ASSETS – 100.0%             $ 6,499,517  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(c) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $315,966 and the total market value of the collateral held by the Fund was $324,060. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $147,364.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      127  


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2017

 

  

 

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
TOTAL RETURN SWAP – SHORT EXPOSURE TO REFERENCE ENTITY (OTC – OVER THE COUNTER)  
      Value  
Fund Pays Total
Return of
Reference Entity
  Fund Receives
Fixed Rate
(per annum)
  Counterparty   Termination
Date
    Notional
Value
    Upfront
Premiums
Paid
    Upfront
Premiums
Received
    Unrealized
Appreciation
    Unrealized
Depreciation
 

S&P 500 Index

  1-Month LIBOR plus 0.29%, Monthly   Bank of America Merrill Lynch     4/3/18     $ 62,553     $     $     $     $ (796

S&P 500 Index

  1-Month LIBOR plus 0.35%, Monthly   Bank of America Merrill Lynch     4/12/18       484,763                          

S&P 500 Index

  1-Month LIBOR plus 0.18%, Monthly   Bank of America Merrill Lynch     5/2/18       510,850                         (6,545

S&P 500 Index

  1-Month LIBOR plus 0.30%, Monthly   Bank of America Merrill Lynch     6/4/18       677,659                         (8,673

S&P 500 Index

  1-Month LIBOR plus 0.20%, Monthly   Bank of America Merrill Lynch     8/2/18       526,489                         (6,738

S&P 500 Index

  1-Month LIBOR plus 0.40%, Monthly   Bank of America Merrill Lynch     11/2/18       172,021                         (2,176

S&P 500 Index

  1-Month LIBOR plus 0.20%, Monthly   Morgan Stanley & Co.     4/12/18       479,550                          

S&P 500 Index

  1-Month LIBOR plus 0.20%, Monthly   Morgan Stanley & Co.     6/4/18       677,659                         (8,623

S&P 500 Index

  1-Month LIBOR plus 0.26%, Monthly   Morgan Stanley & Co.     7/6/18       542,127                         (6,914

S&P 500 Index

  1-Month LIBOR plus 0.20%, Monthly   Morgan Stanley & Co.     8/2/18       531,702                         (6,805

S&P 500 Index

  1-Month LIBOR plus 0.47%, Monthly   Morgan Stanley & Co.     11/2/18       218,936                         (2,758
      $ 4,884,309                     $     $ (50,028

1-Month LIBOR – 1-Month USD London Interbank Offered Rate as of December 31, 2017 was 1.564%.

 

See Notes to Financial Statements.

 

128   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

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

December 31, 2017

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 2.2%      

Boeing Co. (The)

     1,970      $ 580,972  

Lockheed Martin Corp.

     5,095        1,635,750  
     

 

 

 
Total Aerospace & Defense               2,216,722  
Air Freight & Logistics – 1.0%      

United Parcel Service, Inc. Class B

     8,880        1,058,052  
Banks – 0.6%      

East West Bancorp, Inc.

     10,719        652,037  
Beverages – 0.7%      

Brown-Forman Corp. Class B

     10,020        688,073  
Biotechnology – 1.6%      

Amgen, Inc.

     2,713        471,791  

Gilead Sciences, Inc.

     6,568        470,532  

United Therapeutics Corp.*

     4,212        623,165  
     

 

 

 
Total Biotechnology               1,565,488  
Capital Markets – 0.7%      

Goldman Sachs Group, Inc. (The)

     2,953        752,306  
Chemicals – 0.6%      

Huntsman Corp.

     18,771        624,887  
Communications Equipment – 6.8%      

Arista Networks, Inc.*

     3,471        817,698  

InterDigital, Inc.

     9,802        746,422  

Motorola Solutions, Inc.

     19,632        1,773,555  

Ubiquiti Networks, Inc.*(a)

     48,787        3,464,853  
     

 

 

 
Total Communications Equipment               6,802,528  
Consumer Finance – 1.8%      

Discover Financial Services

     10,587        814,352  

Navient Corp.

     29,631        394,685  

Santander Consumer USA Holdings, Inc.

     34,627        644,755  
     

 

 

 
Total Consumer Finance               1,853,792  
Containers & Packaging – 1.7%      

Crown Holdings, Inc.*

     29,635        1,666,969  
Diversified Consumer Services – 1.4%      

H&R Block, Inc.

     54,043        1,417,007  
Diversified Telecommunication Services – 2.0%  

AT&T, Inc.

     29,832        1,159,868  

Verizon Communications, Inc.

     15,613        826,396  
     

 

 

 
Total Diversified Telecommunication Services               1,986,264  
Electric Utilities – 0.4%      

PPL Corp.

     11,410        353,140  
Electronic Equipment, Instruments & Components – 1.1%  

Coherent, Inc.*

     4,021        1,134,807  
Equity Real Estate Investment Trusts (REITs) – 6.3%  

Duke Realty Corp.

     44,296        1,205,294  

GGP, Inc.

     63,897        1,494,551  

Lamar Advertising Co. Class A

     14,264        1,058,959  

LaSalle Hotel Properties

     26,841        753,427  

Park Hotels & Resorts, Inc.

     30,541      878,054  

Vornado Realty Trust

     11,705        915,097  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               6,305,382  
Food Products – 3.4%      

Hershey Co. (The)

     19,238        2,183,705  

Hormel Foods Corp.

     35,174        1,279,982  
     

 

 

 
Total Food Products               3,463,687  
Health Care Equipment & Supplies – 0.9%      

Hologic, Inc.*

     20,378        871,159  
Health Care Providers & Services – 11.4%      

AMN Healthcare Services, Inc.*

     13,754        677,384  

DaVita, Inc.*

     11,371        821,555  

Encompass Health Corp.

     53,809        2,658,703  

HCA Healthcare, Inc.*

     26,136        2,295,786  

Humana, Inc.

     2,770        687,154  

Laboratory Corp. of America Holdings*

     4,127        658,298  

MEDNAX, Inc.*

     42,343        2,262,810  

Quest Diagnostics, Inc.

     7,471        735,819  

Universal Health Services, Inc. Class B

     6,216        704,583  
     

 

 

 
Total Health Care Providers & Services               11,502,092  
Hotels, Restaurants & Leisure – 3.5%      

Cracker Barrel Old Country Store, Inc.(a)

     14,257        2,265,295  

Las Vegas Sands Corp.

     7,119        494,699  

Wyndham Worldwide Corp.

     6,212        719,784  
     

 

 

 
Total Hotels, Restaurants & Leisure               3,479,778  
Household Durables – 0.5%      

Tupperware Brands Corp.

     8,257        517,714  
Household Products – 3.7%      

Clorox Co. (The)

     10,222        1,520,420  

Colgate-Palmolive Co.

     8,977        677,315  

Energizer Holdings, Inc.

     20,567        986,805  

Kimberly-Clark Corp.

     4,769        575,427  
     

 

 

 
Total Household Products               3,759,967  
Independent Power & Renewable Electricity Producers – 0.9%  

NRG Yield, Inc. Class C

     48,894        924,097  
Industrial Conglomerates – 1.0%      

3M Co.

     4,197        987,848  
Insurance – 7.9%      

Allstate Corp. (The)

     14,208        1,487,720  

American Financial Group, Inc.

     19,527        2,119,460  

CNA Financial Corp.

     21,945        1,164,182  

CNO Financial Group, Inc.

     42,796        1,056,633  

Lincoln National Corp.

     6,403        492,199  

Reinsurance Group of America, Inc.

     10,701        1,668,607  
     

 

 

 
Total Insurance               7,988,801  
Internet Software & Services – 2.9%      

eBay, Inc.*

     17,249        650,977  

Facebook, Inc. Class A*

     7,648        1,349,566  

Match Group, Inc.*(a)

     30,954        969,170  
     

 

 

 
Total Internet Software & Services               2,969,713  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      129  


Table of Contents

Schedule of Investments (unaudited) (concluded)

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

December 31, 2017

 

  

 

 

Investments    Shares      Value  
IT Services – 2.4%      

Cognizant Technology Solutions Corp. Class A

     11,008      $ 781,788  

DST Systems, Inc.

     12,650        785,186  

Paychex, Inc.

     12,403        844,396  
     

 

 

 
Total IT Services               2,411,370  
Media – 1.3%      

Omnicom Group, Inc.

     11,226        817,589  

TEGNA, Inc.

     37,935        534,125  
     

 

 

 
Total Media               1,351,714  
Metals & Mining – 0.5%      

Freeport-McMoRan, Inc.*

     25,725        487,746  
Multi-Utilities – 1.1%      

SCANA Corp.

     27,829        1,107,038  
Multiline Retail – 1.1%      

Nordstrom, Inc.

     22,473        1,064,771  
Oil, Gas & Consumable Fuels – 5.0%      

Gulfport Energy Corp.*

     139,482        1,779,790  

Kinder Morgan, Inc.

     69,246        1,251,275  

Newfield Exploration Co.*

     18,644        587,845  

ONEOK, Inc.

     11,979        640,278  

Southwestern Energy Co.*

     66,427        370,663  

Williams Cos., Inc. (The)

     13,803        420,854  
     

 

 

 
Total Oil, Gas& Consumable Fuels               5,050,705  
Personal Products – 0.5%      

Nu Skin Enterprises, Inc. Class A

     6,759        461,167  
Professional Services – 0.4%      

Robert Half International, Inc.

     7,825        434,601  
Semiconductors & Semiconductor Equipment – 11.3%  

Advanced Energy Industries, Inc.*

     7,841        529,111  

Applied Materials, Inc.

     11,751        600,711  

Cabot Microelectronics Corp.

     9,868        928,381  

Cirrus Logic, Inc.*

     49,635        2,574,071  

Intel Corp.

     19,898        918,492  

KLA-Tencor Corp.

     6,327        664,778  

Lam Research Corp.

     3,285        604,670  

Maxim Integrated Products, Inc.

     15,753        823,567  

Microchip Technology, Inc.

     8,569        753,044  

Micron Technology, Inc.*

     13,596        559,068  

NVIDIA Corp.

     3,373        652,675  

Teradyne, Inc.

     19,443        814,078  

Texas Instruments, Inc.

     8,755        914,372  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        11,337,018  
Software – 2.1%      

Activision Blizzard, Inc.

     14,709        931,374  

Adobe Systems, Inc.*

     6,514        1,141,513  
     

 

 

 
Total Software               2,072,887  
Specialty Retail – 2.3%      

Gap, Inc. (The)

     39,410        1,342,304  

Lowe’s Cos., Inc.

     10,387        965,368  
     

 

 

 
Total Specialty Retail               2,307,672  
Textiles, Apparel & Luxury Goods – 1.9%      

Hanesbrands, Inc.

     91,506      1,913,390  
Tobacco – 0.4%      

Philip Morris International, Inc.

     4,049        427,777  
Trading Companies & Distributors – 4.6%      

Fastenal Co.

     17,968        982,670  

GATX Corp.

     9,857        612,711  

W.W. Grainger, Inc.

     8,203        1,937,959  

Watsco, Inc.

     6,657        1,131,956  
     

 

 

 
Total Trading Companies & Distributors               4,665,296  

TOTAL COMMON STOCKS

(Cost: $92,855,913)

              100,635,462  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5%  
United States – 4.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.32%(b)

     
(Cost: $4,524,621)(c)      4,524,621        4,524,621  
TOTAL INVESTMENTS IN SECURITIES – 104.4% (Cost: $97,380,534)         105,160,083  

Other Assets less Liabilities – (4.4)%

        (4,402,101
     

 

 

 
NET ASSETS – 100.0%             $ 100,757,982  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at December 31, 2017 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of December 31, 2017.

 

(c) 

At December 31, 2017, the total market value of the Fund’s securities on loan was $5,326,697 and the total market value of the collateral held by the Fund was $5,452,704. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $928,083.

 

See Notes to Financial Statements.

 

130   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Schedule of Investments (unaudited)

WisdomTree Balanced Income Fund (WBAL)

December 31, 2017

 

  

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUNDS – 100.0%      
Domestic Equity – 29.9%      

WisdomTree U.S. High Dividend Fund(a)

     6,838      $ 498,080  

WisdomTree U.S. LargeCap Dividend Fund(a)

     2,707        249,369  
     

 

 

 
Total Domestic Equity               747,449  
Emerging Markets Equity – 7.5%      

WisdomTree Emerging Markets Dividend Fund(a)

     5,630        186,916  
Fixed Income – 39.9%      

iShares 20+ Year Treasury Bond ETF

     536        67,997  

iShares MBS ETF

     627        66,832  

WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund(a)

     9,799        497,005  

WisdomTree Emerging Markets Local Debt Fund(a)

     2,352        90,434  

WisdomTree Fundamental U.S. Corporate Bond Fund(a)

     2,765        138,140  

WisdomTree Interest Rate Hedged High Yield Bond Fund(a)

     5,627        135,836  
     

 

 

 
Total Fixed Income               996,244  
International Equity – 22.7%      

WisdomTree Dynamic Currency Hedged International Equity Fund(a)

     8,159        249,176  

WisdomTree International High Dividend Fund(a)

     7,125        316,278  
     

 

 

 
Total International Equity               565,454  
TOTAL INVESTMENTS IN SECURITIES – 100.0%
(Cost: $2,491,491)
        2,496,063  

Other Assets less Liabilities – 0.0%

        641  
     

 

 

 
NET ASSETS – 100.0%             $ 2,496,704  
(a) 

Affiliated company (See Note 3).

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      131  


Table of Contents

Statements of Assets and Liabilities (unaudited)

WisdomTree Trust

December 31, 2017

 

  

 

 

      WisdomTree
Dynamic
Currency
Hedged Europe
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Quality
Dividend
Growth Fund
     WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged Japan
Equity Fund
 

ASSETS:

              

Investments, at cost

   $ 14,926,520      $ 440,173,379      $      $ 11,034,026      $ 2,413,908  

Investment in affiliates, at cost (Note 3)

                   3,172,277                

Foreign currency, at cost

     7,390        66,758        446        14,773        1,317  

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

     15,738,664        517,073,598               11,937,116        2,986,360  

Investment in affiliates, at value (Note 3)

                   3,745,193                

Cash

     377        27,758        317        2,226        2,149  

Foreign currency, at value

     7,459        67,580        460        14,819        1,320  

Unrealized appreciation on foreign currency contracts

     512        503,824        3,290        8,552        12,786  

Receivables:

              

Investment securities sold

                   6,471                

Dividends

     9,570        611,390               7,420        4,679  

Securities lending income

     458        11,382               662        41  

Foreign tax reclaims

     2,844        409,822               81         

Total Assets

     15,759,884        518,705,354        3,755,731        11,970,876        3,007,335  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     26,228        1,338,193        10,218        55,567        241  

Payables:

              

Cash collateral for securities loaned (Note 2)

     33,449        3,121,384               260,515        13,901  

Investment securities purchased

                                 8,639  

Advisory fees (Note 3)

     5,748        151,533        318        3,160        1,092  

Service fees (Note 2)

     59        1,906        14        31        11  

Total Liabilities

     65,484        4,613,016        10,550        319,273        23,884  

NET ASSETS

   $ 15,694,400      $ 514,092,338      $ 3,745,181      $ 11,651,603      $ 2,983,451  

NET ASSETS:

 

Paid-in capital

   $ 15,027,689      $ 449,124,273      $ 3,203,798      $ 10,866,410      $ 2,612,627  

Undistributed (Distributions in excess of) net investment income

     25,014        1,026,860        9,936        3,748        (16,405

Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions

     (145,046      (12,153,160      (34,555      (74,727      (197,797

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     786,743        76,094,365        566,002        856,172        585,026  

NET ASSETS

   $ 15,694,400      $ 514,092,338      $ 3,745,181      $ 11,651,603      $ 2,983,451  

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

     500,000        16,850,000        150,000        350,000        100,000  

Net asset value per share

   $ 31.39      $ 30.51      $ 24.97      $ 33.29      $ 29.83  

1   Includes market value of securities out on loan of:

   $ 41,644      $ 5,834,535             $ 308,165      $ 51,333  

 

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

    

  

 

See Notes to Financial Statements.

 

132   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

December 31, 2017

 

  

 

 

      WisdomTree
Emerging
Markets
Dividend Fund
     WisdomTree
Europe
Domestic
Economy Fund
     WisdomTree
Global
ex-Mexico
Equity Fund
     WisdomTree
Global Hedged
SmallCap
Dividend Fund
     WisdomTree
Global
SmallCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 20,267,232      $ 11,884,975      $ 77,119,318      $ 1,711,125      $ 18,036,831  

Investment in affiliates, at cost (Note 3)

                          11,588,349         

Foreign currency, at cost

     15,200        1,667        76,482        3,474        15,419  

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

     23,201,294        12,551,000        82,812,254        1,711,125        20,292,307  

Investment in affiliates, at value (Note 3)

                          15,693,137         

Cash

     4,984        15        68,510        15,478        19,631  

Foreign currency, at value

     15,252        1,677        76,889        3,540        15,709  

Unrealized appreciation on foreign currency contracts

                   64        24,828         

Receivables:

              

Investment securities sold

     4,936               5,888,952        37,528         

Dividends

     25,816        3,699        75,823               26,082  

Securities lending income

     193        355        577        2,228        1,069  

Foreign tax reclaims

            1,101        2,621               3,161  

Total Assets

     23,252,475        12,557,847        88,925,690        17,487,864        20,357,959  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     34               403        81,445         

Payables:

              

Cash collateral for securities loaned (Note 2)

     62,944        143,812               1,711,125        625,240  

Investment securities purchased

                   34,164                

Capital shares redeemed

                   5,916,640                

Advisory fees (Note 3)

     6,122        4,995        22,373               7,148  

Service fees (Note 2)

     84        46        328        58        73  

Foreign capital gains tax

     5,419               18,487                

Total Liabilities

     74,603        148,853        5,992,395        1,792,628        632,461  

NET ASSETS

   $ 23,177,872      $ 12,408,994      $ 82,933,295      $ 15,695,236      $ 19,725,498  

NET ASSETS:

              

Paid-in capital

   $ 20,429,716      $ 11,836,341      $ 74,479,072      $ 9,281,997      $ 13,324,053  

Undistributed (Distributions in excess of) net investment income

     (45,472      361        (46,237      41,134        440  

Accumulated net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     (134,966      (93,842      2,825,229        2,323,868        4,145,034  

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     2,928,594        666,134        5,675,231        4,048,237        2,255,971  

NET ASSETS

   $ 23,177,872      $ 12,408,994      $ 82,933,295      $ 15,695,236      $ 19,725,498  

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

     700,000        400,000        2,800,000        600,000        600,000  

Net asset value per share

   $ 33.11      $ 31.02      $ 29.62      $ 26.16      $ 32.88  

1   Includes market value of securities out on loan of:

   $ 135,293      $ 148,433      $ 220,520      $ 1,676,649      $ 844,061  

 

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 Semi-Annual Report December 31, 2017      133  


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

December 31, 2017

 

  

 

 

      WisdomTree
ICBCCS S&P
China 500 Fund
     WisdomTree
Strong Dollar
Emerging
Markets
Equity Fund
     WisdomTree
U.S. Domestic
Economy Fund
     WisdomTree
U.S. Export and
Multinational
Fund
     WisdomTree
Fundamental
U.S. Corporate
Bond Fund
 

ASSETS:

 

Investments, at cost

   $ 2,966,239      $ 4,696,765      $ 2,140,867      $ 696,533      $ 4,926,251  

Foreign currency, at cost

     45,553        15,772                       

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

     3,019,726        5,809,464        2,369,721        796,049        4,968,096  

Cash

     39,826               374        45        14,849  

Foreign currency, at value

     46,069        15,853                       

Receivables:

 

Investment securities sold

            1,143                       

Dividends

     75        1,515        3,167        1,033         

Securities lending income

            596        6        1         

Interest

                                 54,222  

Total Assets

     3,105,696        5,828,571        2,373,268        797,128        5,037,167  

LIABILITIES:

 

Due to custodian

            11,672                       

Unrealized depreciation on foreign currency contracts

            1                       

Payables:

 

Cash collateral for securities loaned (Note 2)

            147,280        5,210        1,297         

Investment securities purchased

     14,466                              

Advisory fees (Note 3)

     509        1,516        659        224        768  

Service fees (Note 2)

     4        21        9        3        19  

Foreign capital gains tax

            15,002                       

Total Liabilities

     14,979        175,492        5,878        1,524        787  

NET ASSETS

   $ 3,090,717      $ 5,653,079      $ 2,367,390      $ 795,604      $ 5,036,380  

NET ASSETS:

 

Paid-in capital

   $ 3,031,766      $ 4,657,415      $ 2,145,018      $ 732,126      $ 4,998,603  

Distributions in excess of net investment income

            (71,292      (1,381      (1      (314

Accumulated net investment loss

     (436                            

Accumulated net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

     5,384        (30,871      (5,101      (36,037      (3,754

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     54,003        1,097,827        228,854        99,516        41,845  

NET ASSETS

   $ 3,090,717      $ 5,653,079      $ 2,367,390      $ 795,604      $ 5,036,380  

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

     100,004        200,000        75,000        25,000        100,000  

Net asset value per share

   $ 30.91      $ 28.27      $ 31.57      $ 31.82      $ 50.36  

1   Includes market value of securities out on loan of:

          $ 212,887      $ 8,792      $ 1,840         

 

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

    

  

 

See Notes to Financial Statements.

 

134   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Trust

December 31, 2017

 

  

 

 

      WisdomTree
Fundamental
U.S. High Yield
Corporate Bond
Fund
     WisdomTree
Fundamental
U.S. Short-Term
Corporate Bond
Fund
     WisdomTree
Fundamental
U.S. Short-Term
High Yield
Corporate Bond
Fund
     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
    

WisdomTree
Dynamic

Long/Short U.S.
Equity Fund

 

ASSETS:

 

Investments, at cost

   $ 4,971,015      $ 4,899,229      $ 4,851,511      $ 6,270,343      $ 97,380,534  

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

     5,048,472        4,872,336        4,835,276        6,679,860        105,160,083  

Cash

            53,004        62,334        2,583        15,138  

Receivables:

 

Investment securities sold

                          38,053        732,126  

Capital shares sold

                          1,299,866         

Dividends

                          7,950        151,099  

Securities lending income

                          1,830        33,032  

Interest

     74,220        45,296        83,791                

Total Assets

     5,122,692        4,970,636        4,981,401        8,030,142        106,091,478  

LIABILITIES:

 

Due to custodian

     1,877                              

Unrealized depreciation on swap contracts

                          50,028         

Payables:

 

Cash collateral for securities loaned (Note 2)

                          176,696        4,524,621  

Investment securities purchased

                          1,301,772        768,003  

Advisory fees (Note 3)

     1,659        760        1,614        2,110        40,501  

Service fees (Note 2)

     19        19        19        19        371  

Total Liabilities

     3,555        779        1,633        1,530,625        5,333,496  

NET ASSETS

   $ 5,119,137      $ 4,969,857      $ 4,979,768      $ 6,499,517      $ 100,757,982  

NET ASSETS:

 

Paid-in capital

   $ 4,998,863      $ 5,000,690      $ 4,999,856      $ 7,316,527      $ 92,049,521  

Distributions in excess of net investment income

     (436      (159      (358              

Undistributed net investment income/(Accumulated net investment loss)

                          (398,589      51,333  

Accumulated net realized gain (loss) on investments and swap contracts

     43,253        (3,781      (3,496      (777,910      877,579  

Net unrealized appreciation (depreciation) on investments and swap contracts

     77,457        (26,893      (16,234      359,489        7,779,549  

NET ASSETS

   $ 5,119,137      $ 4,969,857      $ 4,979,768      $ 6,499,517      $ 100,757,982  

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

     100,000        100,000        100,000        250,000        3,100,000  

Net asset value per share

   $ 51.19      $ 49.70      $ 49.80      $ 26.00      $ 32.50  

1   Includes market value of securities out on loan of:

                        $ 315,966      $ 5,326,697  

 

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 Semi-Annual Report December 31, 2017      135  


Table of Contents

Statements of Assets and Liabilities (unaudited) (concluded)

WisdomTree Trust

December 31, 2017

 

  

 

 

      WisdomTree
Balanced
Income Fund
 

ASSETS:

  

Investments, at cost

   $ 133,916  

Investment in affiliates, at cost (Note 3)

     2,357,575  

Investments in securities, at value

     134,829  

Investment in affiliates, at value (Note 3)

     2,361,234  

Cash

     1,642  

Receivables:

  

Investment securities sold

     8,825  

Total Assets

     2,506,530  

LIABILITIES:

  

Payables:

  

Advisory fees (Note 3)

     23  

Service fees (Note 2)

     3  

Income distribution

     9,800  

Total Liabilities

     9,826  

NET ASSETS

   $ 2,496,704  

NET ASSETS:

 

Paid-in capital

   $ 2,492,055  

Undistributed net investment income

     87  

Accumulated net realized loss on investments

     (10

Net unrealized appreciation on investments

     4,572  

NET ASSETS

   $ 2,496,704  

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

     100,004  

Net asset value per share

   $ 24.97  

 

See Notes to Financial Statements.

 

136   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Statements of Operations (unaudited)

WisdomTree Trust

For the Six Months Ended December 31, 2017

 

  

 

 

      WisdomTree
Dynamic
Currency
Hedged Europe
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Quality
Dividend
Growth Fund
     WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged Japan
Equity Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 64,622      $ 5,823,424      $      $ 51,735      $ 30,212  

Dividends from affiliates (Note 3)

                   23,057                

Non-cash dividends

     10,041        533,374               3,532         

Securities lending income (Note 2)

     1,288        71,577               2,717        163  

Total investment income

     75,951        6,428,375        23,057        57,984        30,375  

EXPENSES:

              

Advisory fees (Note 3)

     22,897        969,399        9,000        11,525        6,923  

Service fees (Note 2)

     210        10,663        68        106        64  

Total expenses

     23,107        980,062        9,068        11,631        6,987  

Expense waivers (Note 3)

     (2,385      (121,175      (7,448      (1,200      (721

Net expenses

     20,722        858,887        1,620        10,431        6,266  

Net investment income

     55,229        5,569,488        21,437        47,553        24,109  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (30,424      6,610               (20,647      11,610  

Investment transactions in affiliates (Note 3)

                   2,632                

Foreign currency contracts

     (31,613      (4,694,665      (18,898      (27,714      9,235  

Foreign currency related transactions

     (262      50,938               435        257  

Net realized gain (loss)

     (62,299      (4,637,117      (16,266      (47,926      21,102  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     593,883        39,103,525        231,048        640,022        306,719  

Foreign currency contracts

     (19,522      11,306        35        (40,300      (26,221

Translation of assets and liabilities denominated in foreign currencies

     235        (2,533      10        41        58  

Net increase in unrealized appreciation/depreciation

     574,596        39,112,298        231,093        599,763        280,556  

Net realized and unrealized gain on investments

     512,297        34,475,181        214,827        551,837        301,658  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 567,526      $ 40,044,669      $ 236,264      $ 599,390      $ 325,767  

1   Net of foreign withholding tax of:

   $ 12,233      $ 396,009             $ 4,207      $ 3,357  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      137  


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended December 31, 2017

 

  

 

 

      WisdomTree
Emerging
Markets
Dividend Fund
     WisdomTree
Europe
Domestic
Economy Fund
     WisdomTree
Global
ex-Mexico
Equity Fund
     WisdomTree
Global
Hedged
SmallCap
Dividend Fund
     WisdomTree
Global
SmallCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 271,103      $ 24,011      $ 814,922      $      $ 399,152  

Dividends from affiliates (Note 3)

                          359,296         

Non-cash dividends

     505        4,116        27,497               15,858  

Securities lending income (Note 2)

     802        1,513        2,796        4,813        6,365  

Total investment income

     272,410        29,640        845,215        364,109        421,375  

EXPENSES:

              

Advisory fees (Note 3)

     28,191        20,008        148,908        42,230        51,493  

Service fees (Note 2)

     388        152        1,872        432        527  

Total expenses

     28,579        20,160        150,780        42,662        52,020  

Expense waivers (Note 3)

            (3,450      (21,273      (42,230       

Net expenses

     28,579        16,710        129,507        432        52,020  

Net investment income

     243,831        12,930        715,708        363,677        369,355  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions2

     (111,444      (2,667      (131,981             (270,825

Investment transactions in affiliates (Note 3)

                          49,983         

In-kind redemptions

                   2,988,749               4,842,251  

In-kind redemptions in affiliates (Note 3)

                          3,038,534         

Futures contracts

                                 18,613  

Foreign currency contracts

     (8,743      107        (21,565      (198,315      (13,918

Foreign currency related transactions

     9,313        289        25,095        (1      14,451  

Net realized gain (loss)

     (110,874      (2,271      2,860,298        2,890,201        4,590,572  

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions3

     2,024,158        531,828        5,594,799        (1,624,591      (2,731,669

Foreign currency contracts

     (34             (320      (4,730      8  

Translation of assets and liabilities denominated in foreign currencies

     (50      86        888        62        189  

Net increase (decrease) in unrealized appreciation/depreciation

     2,024,074        531,914        5,595,367        (1,629,259      (2,731,472

Net realized and unrealized gain on investments

     1,913,200        529,643        8,455,665        1,260,942        1,859,100  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 2,157,031      $ 542,573      $ 9,171,373      $ 1,624,619      $ 2,228,455  

1   Net of foreign withholding tax of:

   $ 37,932      $ 5,112      $ 30,820             $ 18,369  

2   Net of foreign capital gains tax withheld of:

   $ 22                              

3   Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 4,690             $ 18,487                

 

See Notes to Financial Statements.

 

138   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months or Period Ended December 31, 2017

 

  

 

 

      WisdomTree
ICBCCS S&P
China 500
Fund1
     WisdomTree
Strong Dollar
Emerging
Markets
Equity Fund
     WisdomTree
U.S. Domestic
Economy Fund
     WisdomTree
U.S. Export and
Multinational
Fund
     WisdomTree
Fundamental
U.S. Corporate
Bond Fund
 

INVESTMENT INCOME:

 

Dividends2

   $ 77      $ 59,277      $ 24,492      $ 7,961      $  

Interest

                                 78,404  

Securities lending income (Note 2)

            2,246        86        4         

Total investment income

     77        61,523        24,578        7,965        78,404  

EXPENSES:

 

Advisory fees (Note 3)

     509        16,721        3,653        1,270        7,081  

Service fees (Note 2)

     4        127        49        17        111  

Total expenses

     513        16,848        3,702        1,287        7,192  

Expense waivers (Note 3)

            (7,496                    (2,529

Net expenses

     513        9,352        3,702        1,287        4,663  

Net investment income (loss)

     (436      52,171        20,876        6,678        73,741  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain from:

 

Investment transactions3

            2,926        9,314        18,426        2,263  

In-kind redemptions

                   61,377                

Foreign currency contracts

     9,975        1,049                       

Foreign currency related transactions

     (4,591      (937                     

Net realized gain

     5,384        3,038        70,691        18,426        2,263  

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions4

     53,487        472,915        174,668        48,056        54,304  

Foreign currency contracts

            (1                     

Translation of assets and liabilities denominated in foreign currencies

     516        108                       

Net increase in unrealized appreciation/depreciation

     54,003        473,022        174,668        48,056        54,304  

Net realized and unrealized gain on investments

     59,387        476,060        245,359        66,482        56,567  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 58,951      $ 528,231      $ 266,235      $ 73,160      $ 130,308  

1 For the period December 21, 2017 (commencement of operations) through December 31, 2017.

 

2 Net of foreign withholding tax of:

          $ 10,551                       
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

3 Net of foreign capital gains tax withheld of:

          $ 45                       
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

4 Includes net increase (decrease) in accrued foreign capital gain taxes of:

          $ 14,957                       
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      139  


Table of Contents

Statements of Operations (unaudited) (continued)

WisdomTree Trust

For the Six Months Ended December 31, 2017

 

  

 

 

      WisdomTree
Fundamental
U.S. High Yield
Corporate
Bond Fund
     WisdomTree
Fundamental
U.S. Short-Term
Corporate
Bond Fund
     WisdomTree
Fundamental
U.S. Short-Term
High Yield
Corporate
Bond Fund
     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
     WisdomTree
Dynamic
Long/Short U.S.
Equity Fund
 

INVESTMENT INCOME:

              

Dividends

   $      $      $      $ 58,864      $ 835,719  

Interest

     153,869        51,164        126,407                

Securities lending income (Note 2)

                          5,175        89,058  

Total investment income

     153,869        51,164        126,407        64,039        924,777  

EXPENSES:

              

Advisory fees (Note 3)

     12,596        7,053        12,320        13,956        197,787  

Service fees (Note 2)

     115        110        113        116        1,642  

Total expenses

     12,711        7,163        12,433        14,072        199,429  

Expense waivers (Note 3)

     (2,624      (2,519      (2,567      (1,317      (18,659

Net expenses

     10,087        4,644        9,866        12,755        180,770  

Net investment income

     143,782        46,520        116,541        51,284        744,007  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     43,253        (939      6,427        (134,777      (892,989

In-kind redemptions

                          369,959        2,259,937  

Swap contracts

                          (328,003      47,366  

Net realized gain (loss)

     43,253        (939      6,427        (92,821      1,414,314  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     (108,862      (19,678      (91,833      191,169        5,226,568  

Swap contracts

                          (80,792      (149,500

Net increase (decrease) in unrealized appreciation/depreciation

     (108,862      (19,678      (91,833      110,377        5,077,068  

Net realized and unrealized gain (loss) on investments

     (65,609      (20,617      (85,406      17,556        6,491,382  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 78,173      $ 25,903      $ 31,135      $ 68,840      $ 7,235,389  

 

See Notes to Financial Statements.

 

140   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Statements of Operations (unaudited) (concluded)

WisdomTree Trust

For the Period Ended December 31, 2017

 

  

 

 

      WisdomTree
Balanced
Income  Fund1
 

INVESTMENT INCOME:

  

Dividends

   $ 139  

Dividends from affiliates (Note 3)

     9,774  

Total investment income

     9,913  

EXPENSES:

  

Advisory fees (Note 3)

     301  

Service fees (Note 2)

     3  

Total expenses

     304  

Expense waivers (Note 3)

     (278

Net expenses

     26  

Net investment income

     9,887  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

  

Net realized gain (loss) from:

  

Investment transactions

     1  

Investment transactions in affiliates (Note 3)

     (11

Net realized loss

     (10

Net increase in unrealized appreciation/depreciation

     4,572  

Net realized and unrealized gain on investments

     4,562  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 14,449  
1 

For the period December 21, 2017 (commencement of operations) through December 31, 2017.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      141  


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

     WisdomTree Dynamic Currency
Hedged Europe Equity Fund
    WisdomTree Dynamic Currency
Hedged International Equity Fund
    WisdomTree Dynamic Currency
Hedged International Quality
Dividend Growth Fund
 
     For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the Period
November 3, 2016*
through
June 30, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 55,229     $ 71,245     $ 5,569,488     $ 12,196,625     $ 21,437     $ 31,640  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (62,299     684,767       (4,637,117     6,938,105       (16,266     (10,932

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    574,596       188,904       39,112,298       44,088,132       231,093       334,909  

Net increase in net assets resulting from operations

    567,526       944,916       40,044,669       63,222,862       236,264       355,617  

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (30,215     (70,704     (3,652,852     (11,473,730     (11,501     (14,208

Capital gains

    (87,160     (22,778           (5,225,655     (24,789      

Return of capital

                                  (1,288

Total dividends and distributions

    (117,375     (93,482     (3,652,852     (16,699,385     (36,290     (15,496

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    13,780,980             26,736,160       186,577,247       1,214,233       1,990,877  

Cost of shares redeemed

    (126     (4,042,781     (120     (25,941,878     (124      

Net increase (decrease) in net assets resulting from capital share transactions

    13,780,854       (4,042,781     26,736,040       160,635,369       1,214,109       1,990,877  

Net Increase (Decrease) in Net Assets

    14,231,005       (3,191,347     63,127,857       207,158,846       1,414,083       2,330,998  

NET ASSETS:

           

Beginning of period

  $ 1,463,395     $ 4,654,742     $ 450,964,481     $ 243,805,635     $ 2,331,098     $ 100  

End of period

  $ 15,694,400     $ 1,463,395     $ 514,092,338     $ 450,964,481     $ 3,745,181     $ 2,331,098  

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 25,014     $     $ 1,026,860     $ (889,776   $ 9,936     $  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    50,004       200,004       15,950,004       10,050,004       100,005       5  

Shares created

    450,000             900,000       6,800,000       50,000       100,000  

Shares redeemed

    (4     (150,000     (4     (900,000     (5      

Shares outstanding, end of period

    500,000       50,004       16,850,000       15,950,004       150,000       100,005  
* Commencement of operations.

 

See Notes to Financial Statements.

 

142   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

     WisdomTree Dynamic Currency
Hedged International SmallCap
Equity Fund
    WisdomTree Dynamic Currency
Hedged Japan Equity Fund
    WisdomTree Emerging Markets
Dividend Fund
 
     For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 47,553     $ 60,535     $ 24,109     $ 66,141     $ 243,831     $ 214,781  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (47,926     163,620       21,102       556,311       (110,874     (7,554

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    599,763       256,119       280,556       405,702       2,024,074       817,504  

Net increase in net assets resulting from operations

    599,390       480,274       325,767       1,028,154       2,157,031       1,024,731  

DIVIDENDS:

           

Net investment income

    (47,412     (61,314     (99,141     (71,748     (370,106     (164,213

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    8,087,553       1,516,849                   9,505,661       8,462,255  

Cost of shares redeemed

    (129     (1,311,143     (118     (2,648,607     (127      

Net increase (decrease) in net assets resulting from capital share transactions

    8,087,424       205,706       (118     (2,648,607     9,505,534       8,462,255  

Net Increase (Decrease) in Net Assets

    8,639,402       624,666       226,508       (1,692,201     11,292,459       9,322,773  

NET ASSETS:

           

Beginning of period

  $ 3,012,201     $ 2,387,535     $ 2,756,943     $ 4,449,144     $ 11,885,413     $ 2,562,640  

End of period

  $ 11,651,603     $ 3,012,201     $ 2,983,451     $ 2,756,943     $ 23,177,872     $ 11,885,413  

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 3,748     $ 3,607     $ (16,405   $ 58,627     $ (45,472   $ 80,803  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    100,004       100,004       100,004       200,004       400,004       100,004  

Shares created

    250,000       50,000                   300,000       300,000  

Shares redeemed

    (4     (50,000     (4     (100,000     (4      

Shares outstanding, end of period

    350,000       100,004       100,000       100,004       700,000       400,004  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      143  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

     WisdomTree
Europe Domestic Economy Fund
    WisdomTree
Global ex-Mexico Equity Fund
    WisdomTree
Global Hedged SmallCap Dividend Fund
 
     For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the Period
February 10, 2017*
through
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 12,930     $ 55,861     $ 715,708     $ 56,584     $ 363,677     $ 724,272  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (2,271     185,835       2,860,298       (31,668     2,890,201       3,345,431  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    531,914       664,458       5,595,367       79,864       (1,629,259     1,148,402  

Net increase in net assets resulting from operations

    542,573       906,154       9,171,373       104,780       1,624,619       5,218,105  

DIVIDENDS:

           

Net investment income

    (14,100     (59,154     (807,430     (14,500     (318,699     (692,894

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    9,099,891       1,406,449       57,908,826       50,951,759             2,183,287  

Cost of shares redeemed

    (121     (2,601,100     (34,381,613           (10,083,383     (17,437,362

Net increase (decrease) in net assets resulting from capital share transactions

    9,099,770       (1,194,651     23,527,213       50,951,759       (10,083,383     (15,254,075

Net Increase (Decrease) in Net Assets

    9,628,243       (347,651     31,891,156       51,042,039       (8,777,463     (10,728,864

NET ASSETS:

           

Beginning of period

  $ 2,780,751     $ 3,128,402     $ 51,042,139     $ 100     $ 24,472,699     $ 35,201,563  

End of period

  $ 12,408,994     $ 2,780,751     $ 82,933,295     $ 51,042,139     $ 15,695,236     $ 24,472,699  

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ 361     $ 1,531     $ (46,237   $ 45,485     $ 41,134     $ (3,844

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    100,004       150,004       1,900,004       4       1,000,005       1,700,005  

Shares created

    300,000       50,000       2,100,000       1,900,000             100,000  

Shares redeemed

    (4     (100,000     (1,200,004           (400,005     (800,000

Shares outstanding, end of period

    400,000       100,004       2,800,000       1,900,004       600,000       1,000,005  
* Commencement of operations.

 

See Notes to Financial Statements.

 

144   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

     WisdomTree
Global SmallCap Dividend Fund
    WisdomTree
ICBCCS S&P China 500 Fund
    WisdomTree Strong Dollar Emerging
Markets Equity Fund
 
     For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the Period
December 21, 2017*
through
December 31,  2017
(unaudited)
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

       

Net investment income (loss)

  $ 369,355     $ 743,838     $ (436   $ 52,171     $ 129,153  

Net realized gain on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    4,590,572       4,636,238       5,384       3,038       799,155  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (2,731,472     52,624       54,003       473,022       405,090  

Net increase in net assets resulting from operations

    2,228,455       5,432,700       58,951       528,231       1,333,398  

DIVIDENDS AND DISTRIBUTIONS:

         

Net investment income

    (441,577     (809,961           (189,475     (136,065

Capital gains

                      (263,566      

Total dividends and distributions

    (441,577     (809,961           (453,041     (136,065

CAPITAL SHARE TRANSACTIONS:

         

Net proceeds from sale of shares

    6,494,895       10,918,433       3,031,646             2,451,358  

Cost of shares redeemed

    (16,117,264     (24,696,254           (115     (5,226,266

Net increase (decrease) in net assets resulting from capital share transactions

    (9,622,369     (13,777,821     3,031,646       (115     (2,774,908

Net Increase (Decrease) in Net Assets

    (7,835,491     (9,155,082     3,090,597       75,075       (1,577,575

NET ASSETS:

         

Beginning of period

  $ 27,560,989     $ 36,716,071     $ 120     $ 5,578,004     $ 7,155,579  

End of period

  $ 19,725,498     $ 27,560,989     $ 3,090,717     $ 5,653,079     $ 5,578,004  

Distributions in excess of net investment income

  $     $     $     $ (71,292   $  

Undistributed net investment income/(Accumulated net investment loss) included in net assets at end of period

  $ 440     $ 72,662     $ (436   $     $ 66,012  

SHARES CREATED AND REDEEMED:

         

Shares outstanding, beginning of period

    900,004       1,400,004       4       200,004       300,004  

Shares created

    200,000       400,000       100,000             100,000  

Shares redeemed

    (500,004     (900,000           (4     (200,000

Shares outstanding, end of period

    600,000       900,004       100,004       200,000       200,004  
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      145  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

     WisdomTree
U.S. Domestic Economy Fund
    WisdomTree
U.S. Export and Multinational Fund
    WisdomTree Fundamental U.S.
Corporate Bond Fund
 
     For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 20,876     $ 24,952     $ 6,678     $ 18,270     $ 73,741     $ 136,429  

Net realized gain on investments

    70,691       156,946       18,426       177,648       2,263       18,609  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    174,668       (7,456     48,056       60,504       54,304       (81,673

Net increase in net assets resulting from operations

    266,235       174,442       73,160       256,422       130,308       73,365  

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (26,703     (26,923     (7,137     (19,918     (81,472     (130,242

Capital gains

                                  (24,488

Total dividends and distributions

    (26,703     (26,923     (7,137     (19,918     (81,472     (154,730

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    778,402       2,828,489             1,418,799              

Cost of shares redeemed

    (784,914     (2,130,956           (2,137,207     (100      

Net increase (decrease) in net assets resulting from capital share transactions

    (6,512     697,533             (718,408     (100      

Net Increase (Decrease) in Net Assets

    233,020       845,052       66,023       (481,904     48,736       (81,365

NET ASSETS:

           

Beginning of period

  $ 2,134,370     $ 1,289,318     $ 729,581     $ 1,211,485     $ 4,987,644     $ 5,069,009  

End of period

  $ 2,367,390     $ 2,134,370     $ 795,604     $ 729,581     $ 5,036,380     $ 4,987,644  

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ (1,381   $ 4,446     $ (1   $ 458     $ (314   $ 7,417  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    75,000       50,000       25,000       50,000       100,002       100,002  

Shares created

    25,000       100,000             50,000              

Shares redeemed

    (25,000     (75,000           (75,000     (2      

Shares outstanding, end of period

    75,000       75,000       25,000       25,000       100,000       100,002  

 

See Notes to Financial Statements.

 

146   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

     WisdomTree Fundamental U.S. High
Yield Corporate Bond Fund
    WisdomTree Fundamental U.S. Short-
Term Corporate Bond Fund
    WisdomTree Fundamental
U.S. Short-Term High Yield Corporate
Bond Fund
 
     For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 143,782     $ 279,807     $ 46,520     $ 79,024     $ 116,541     $ 242,596  

Net realized gain (loss) on investments

    43,253       77,482       (939     (2,024     6,427       115,899  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    (108,862     146,656       (19,678     (26,151     (91,833     45,424  

Net increase in net assets resulting from operations

    78,173       503,945       25,903       50,849       31,135       403,919  

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (147,650     (278,712     (50,202     (76,502     (118,592     (242,405

Capital gains

    (40,262     (37,220                 (71,568     (54,254

Total dividends and distributions

    (187,912     (315,932     (50,202     (76,502     (190,160     (296,659

CAPITAL SHARE TRANSACTIONS:

           

Cost of shares redeemed

    (104           (101           (102      

Net decrease in net assets resulting from capital share transactions

    (104           (101           (102      

Net Increase (Decrease) in Net Assets

    (109,843     188,013       (24,400     (25,653     (159,127     107,260  

NET ASSETS:

           

Beginning of period

  $ 5,228,980     $ 5,040,967     $ 4,994,257     $ 5,019,910     $ 5,138,895     $ 5,031,635  

End of period

  $ 5,119,137     $ 5,228,980     $ 4,969,857     $ 4,994,257     $ 4,979,768     $ 5,138,895  

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ (436   $ 3,432     $ (159   $ 3,523     $ (358   $ 1,693  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    100,002       100,002       100,002       100,002       100,002       100,002  

Shares created

                                   

Shares redeemed

    (2           (2           (2      

Shares outstanding, end of period

    100,000       100,002       100,000       100,002       100,000       100,002  

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      147  


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

     WisdomTree
Dynamic Bearish U.S. Equity Fund
    WisdomTree
Dynamic Long/Short U.S. Equity Fund
    WisdomTree
Balanced Income Fund
 
     For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the Period
December 21, 2017*
through
December 31,  2017
(unaudited)
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

       

Net investment income

  $ 51,284     $ 93,654     $ 744,007     $ 580,995     $ 9,887  

Net realized gain (loss) on investments and swap contracts

    (92,821     305,245       1,414,314       1,521,047       (10

Net increase in unrealized appreciation/depreciation on investments and swap contracts

    110,377       33,433       5,077,068       2,481,147       4,572  

Net increase in net assets resulting from operations

    68,840       432,332       7,235,389       4,583,189       14,449  

DIVIDENDS:

         

Net investment income

                (999,130     (523,310     (9,800

CAPITAL SHARE TRANSACTIONS:

         

Net proceeds from sale of shares

    5,099,422       9,895,363       58,635,172       42,572,631       2,491,955  

Cost of shares redeemed

    (3,812,344     (16,111,233     (16,910,739     (11,193,537      

Net increase (decrease) in net assets resulting from capital share transactions

    1,287,078       (6,215,870     41,724,433       31,379,094       2,491,955  

Net Increase (Decrease) in Net Assets

    1,355,918       (5,783,538     47,960,692       35,438,973       2,496,604  

NET ASSETS:

         

Beginning of period

  $ 5,143,599     $ 10,927,137     $ 52,797,290     $ 17,358,317     $ 100  

End of period

  $ 6,499,517     $ 5,143,599     $ 100,757,982     $ 52,797,290     $ 2,496,704  

Undistributed net investment income/(Accumulated net investment loss) included in net assets at end of period

  $ (398,589   $ (449,873   $ 51,333     $ 306,456     $ 87  

SHARES CREATED AND REDEEMED:

         

Shares outstanding, beginning of period

    200,004       450,004       1,750,004       650,004       4  

Shares created

    200,000       400,000       1,900,000       1,500,000       100,000  

Shares redeemed

    (150,004     (650,000     (550,004     (400,000      

Shares outstanding, end of period

    250,000       200,004       3,100,000       1,750,004       100,004  
* Commencement of operations.

 

See Notes to Financial Statements.

 

148   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Financial Highlights

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Currency Hedged Europe Equity Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 29.27      $ 23.27      $ 24.25  

Investment operations:

        

Net investment income1

     0.18        0.47        0.70  

Net realized and unrealized gain (loss)

     2.17        6.08        (1.11

Total from investment operations

     2.35        6.55        (0.41

Dividends and distributions to shareholders:

        

Net investment income

     (0.06      (0.44      (0.57

Capital gains

     (0.17      (0.11       

Total dividends and distributions to shareholders

     (0.23      (0.55      (0.57

Net asset value, end of period

   $ 31.39      $ 29.27      $ 23.27  

TOTAL RETURN2

     8.05      28.55      (1.81 )% 

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 15,694      $ 1,463      $ 4,655  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.43 %3       0.43      0.43 %3 

Expenses, prior to expense waivers

     0.48 %3       0.48      0.48 %3 

Net investment income

     1.16 %3       1.86      6.02 %3 

Portfolio turnover rate4

     5      12      25

 

       
WisdomTree Dynamic Currency Hedged International Equity Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 28.27      $ 24.26      $ 24.18  

Investment operations:

        

Net investment income1

     0.34        0.98        0.79  

Net realized and unrealized gain (loss)

     2.12        4.32        (0.35

Total from investment operations

     2.46        5.30        0.44  

Dividends and distributions to shareholders:

        

Net investment income

     (0.22      (0.83      (0.36

Capital gains

            (0.46       

Total dividends and distributions to shareholders

     (0.22      (1.29      (0.36

Net asset value, end of period

   $ 30.51      $ 28.27      $ 24.26  

TOTAL RETURN2

     8.72      22.25      1.82

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 514,092      $ 450,964      $ 243,806  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.35 %3       0.35      0.35 %3 

Expenses, prior to expense waivers

     0.40 %3       0.40      0.40 %3 

Net investment income

     2.30 %3       3.67      6.79 %3 

Portfolio turnover rate4

     2      27      28
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      149  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund   For the
Six Months Ended
December 31, 2017
(unaudited)
    For the Period
November 3, 2016*
through
June 30, 2017
 

Net asset value, beginning of period

  $ 23.31     $ 19.63  

Investment operations:

   

Net investment income1

    0.17       0.32  

Net realized and unrealized gain

    1.74       3.52  

Total from investment operations

    1.91       3.84  

Dividends and distributions to shareholders:

   

Net investment income

    (0.08     (0.15

Capital gains

    (0.17      

Return of capital

          (0.01

Total dividends and distributions to shareholders

    (0.25     (0.16

Net asset value, end of period

  $ 24.97     $ 23.31  

TOTAL RETURN2

    8.18     19.61

RATIOS/SUPPLEMENTAL DATA:

   

Net assets, end of period (000’s omitted)

  $ 3,745     $ 2,331  

Ratios to average net assets3 of:

   

Expenses, net of expense waivers

    0.10 %4      0.10 %4 

Expenses, prior to expense waivers

    0.58 %4      0.58 %4 

Net investment income

    1.38 %4      2.23 %4 

Portfolio turnover rate5

    2     4

 

       
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund   For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

  $ 30.12     $ 23.87     $ 24.24  

Investment operations:

     

Net investment income1

    0.32       0.86       0.52  

Net realized and unrealized gain (loss)

    3.06       6.18       (0.41

Total from investment operations

    3.38       7.04       0.11  

Dividends to shareholders:

     

Net investment income

    (0.21     (0.79     (0.48

Net asset value, end of period

  $ 33.29     $ 30.12     $ 23.87  

TOTAL RETURN2

    11.24     29.80     0.36

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

  $ 11,652     $ 3,012     $ 2,388  

Ratios to average net assets of:

     

Expenses, net of expense waivers

    0.43 %4      0.43     0.43 %4 

Expenses, prior to expense waivers

    0.48 %4      0.48     0.48 %4 

Net investment income

    1.98 %4      3.16     4.42 %4 

Portfolio turnover rate5

    2     75     50
* 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 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

150   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Currency Hedged Japan Equity Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 27.57      $ 22.25      $ 24.38  

Investment operations:

        

Net investment income1

     0.24        0.38        0.28  

Net realized and unrealized gain (loss)

     3.01        5.32        (2.22

Total from investment operations

     3.25        5.70        (1.94

Dividends to shareholders:

        

Net investment income

     (0.99      (0.38      (0.19

Net asset value, end of period

   $ 29.83      $ 27.57      $ 22.25  

TOTAL RETURN2

     11.97      25.70      (8.00 )% 

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 2,983      $ 2,757      $ 4,449  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.43 %3       0.43      0.43 %3 

Expenses, prior to expense waivers

     0.48 %3       0.48      0.48 %3 

Net investment income

     1.67 %3       1.51      2.50 %3 

Portfolio turnover rate4

     2      15      22

 

       
WisdomTree Emerging Markets Dividend Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
April 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 29.71      $ 25.63      $ 24.53  

Investment operations:

        

Net investment income1

     0.44        0.96        0.36  

Net realized and unrealized gain

     3.55        3.96        0.87  

Total from investment operations

     3.99        4.92        1.23  

Dividends to shareholders:

        

Net investment income

     (0.59      (0.84      (0.13

Net asset value, end of period

   $ 33.11      $ 29.71      $ 25.63  

TOTAL RETURN2

     13.53      19.46      5.01

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 23,178      $ 11,885      $ 2,563  

Ratios to average net assets of:

        

Expenses

     0.32 %3       0.32      0.32 %3 

Net investment income

     2.77 %3       3.38      6.14 %3 

Portfolio turnover rate4

     27      15      4
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree Dynamic Currency Hedged Japan Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      151  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe Domestic Economy Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
October 29, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 27.81      $ 20.86      $ 24.70  

Investment operations:

        

Net investment income1

     0.06        0.44        0.52  

Net realized and unrealized gain (loss)

     3.19        7.06        (3.87

Total from investment operations

     3.25        7.50        (3.35

Dividends to shareholders:

        

Net investment income

     (0.04      (0.55      (0.49

Net asset value, end of period

   $ 31.02      $ 27.81      $ 20.86  

TOTAL RETURN2

     11.69      36.05      (13.76 )% 

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 12,409      $ 2,781      $ 3,128  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.48 %3       0.48      0.48 %3 

Expenses, prior to expense waivers

     0.58 %3       0.58      0.58 %3 

Net investment income

     0.37 %3       1.85      3.32 %3 

Portfolio turnover rate4

     2      12      22

 

     
WisdomTree Global ex-Mexico Equity Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the Period
February 10, 2017*
through
June 30, 2017
 

Net asset value, beginning of period

   $ 26.86      $ 25.22  

Investment operations:

     

Net investment income1

     0.24        0.21  

Net realized and unrealized gain

     2.77        1.50  

Total from investment operations

     3.01        1.71  

Dividends to shareholders:

     

Net investment income

     (0.25      (0.07

Net asset value, end of period

   $ 29.62      $ 26.86  

TOTAL RETURN2

     11.24      6.79

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 82,933      $ 51,042  

Ratios to average net assets of:

     

Expenses, net of expense waivers

     0.30 %3       0.30 %3 

Expenses, prior to expense waivers

     0.35 %3       0.35 %3 

Net investment income

     1.68 %3       2.15 %3 

Portfolio turnover rate4

     8      2
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

152   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global Hedged SmallCap Dividend Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
November 19, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.47      $ 20.71      $ 20.23  

Investment operations:

        

Net investment income1

     0.47        0.69        0.39  

Net realized and unrealized gain

     1.63        3.79        0.45  

Total from investment operations

     2.10        4.48        0.84  

Dividends to shareholders:

        

Net investment income

     (0.41      (0.72      (0.36

Net asset value, end of period

   $ 26.16      $ 24.47      $ 20.71  

TOTAL RETURN2

     8.65      21.89      4.20

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 15,695      $ 24,473      $ 35,202  

Ratios to average net assets3 of:

        

Expenses, net of expense waivers

     0.00 %4,5       0.00 %5       0.00 %4,5 

Expenses, prior to expense waivers

     0.43 %4       0.43      0.43 %4 

Net investment income

     3.70 %4       2.97      3.23 %4 

Portfolio turnover rate6

     1      3      3

 

       
WisdomTree Global SmallCap Dividend Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
November 12, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 30.62      $ 26.23      $ 24.58  

Investment operations:

        

Net investment income1

     0.49        0.80        0.61  

Net realized and unrealized gain

     2.37        4.53        1.52  

Total from investment operations

     2.86        5.33        2.13  

Dividends to shareholders:

        

Net investment income

     (0.60      (0.94      (0.48

Net asset value, end of period

   $ 32.88      $ 30.62      $ 26.23  

TOTAL RETURN2

     9.40      20.56      8.71

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 19,725      $ 27,561      $ 36,716  

Ratios to average net assets of:

        

Expenses

     0.43 %4       0.43      0.43 %4 

Net investment income

     3.08 %4       2.76      3.88 %4 

Portfolio turnover rate6

     25      33      8
* 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 Hedged SmallCap 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 

Annualized.

 

5 

Amount represents less than 0.005%.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      153  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree ICBCCS S&P China 500 Fund    For the Period
December 21, 2017*
through
December 31, 2017
(unaudited)
 

Net asset value, beginning of period

   $ 30.57  

Investment operations:

  

Net investment loss1

     (0.00 )2 

Net realized and unrealized gain

     0.34  

Total from investment operations

     0.34  

Net asset value, end of period

   $ 30.91  

TOTAL RETURN3

     1.11

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 3,091  

Ratios to average net assets of:

  

Expenses

     0.55 %4 

Net investment loss

     (0.47 )%4 

Portfolio turnover rate5

     0 % 

 

       
WisdomTree Strong Dollar Emerging Markets Equity Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
October 29, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 27.89      $ 23.85      $ 24.58  

Investment operations:

        

Net investment income1

     0.26        0.38        0.12  

Net realized and unrealized gain (loss)

     2.39        4.00        (0.83

Total from investment operations

     2.65        4.38        (0.71

Dividends and distributions to shareholders:

        

Net investment income

     (0.95      (0.34      (0.02

Capital gains

     (1.32              

Total dividends and distributions to shareholders

     (2.27      (0.34      (0.02

Net asset value, end of period

   $ 28.27      $ 27.89      $ 23.85  

TOTAL RETURN3

     9.84      18.52      (2.88 )% 

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 5,653      $ 5,578      $ 7,156  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.32 %4       0.58 %6       0.58 %4 

Expenses, prior to expense waivers

     0.58 %4       0.58 %6       0.58 %4 

Net investment income

     1.81 %4       1.51      0.78 %4 

Portfolio turnover rate5

     4      51      74
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Amount represents less than $0.005.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. 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 Strong Dollar Emerging Markets Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through October 31, 2018, unless earlier terminated by the Board of Trustees of the Trust.

 

See Notes to Financial Statements.

 

154   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Domestic Economy Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
July 21, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 28.46      $ 25.79      $ 24.85  

Investment operations:

        

Net investment income1

     0.28        0.44        0.43  

Net realized and unrealized gain

     3.19        2.71        0.94  

Total from investment operations

     3.47        3.15        1.37  

Dividends to shareholders:

        

Net investment income

     (0.36      (0.48      (0.43

Net asset value, end of period

   $ 31.57      $ 28.46      $ 25.79  

TOTAL RETURN2

     12.25      12.34      5.62

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 2,367      $ 2,134      $ 1,289  

Ratios to average net assets of:

        

Expenses

     0.33 %3       0.33      0.33 %3 

Net investment income

     1.89 %3       1.61      1.89 %3 

Portfolio turnover rate4

     18      40      23

 

       
WisdomTree U.S. Export and Multinational Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
July 21, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 29.18      $ 24.23      $ 24.88  

Investment operations:

        

Net investment income1

     0.27        0.39        0.36  

Net realized and unrealized gain (loss)

     2.66        5.04        (0.63

Total from investment operations

     2.93        5.43        (0.27

Dividends to shareholders:

        

Net investment income

     (0.29      (0.48      (0.38

Net asset value, end of period

   $ 31.82      $ 29.18      $ 24.23  

TOTAL RETURN2

     10.05      22.55      (1.03 )% 

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 796      $ 730      $ 1,211  

Ratios to average net assets of:

        

Expenses

     0.33 %3       0.33      0.33 %3 

Net investment income

     1.74 %3       1.47      1.61 %3 

Portfolio turnover rate4

     15      57      21
* 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.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      155  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Fundamental U.S. Corporate Bond Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 49.88      $ 50.69      $ 49.96  

Investment operations:

        

Net investment income1

     0.74        1.36        0.22  

Net realized and unrealized gain (loss)

     0.55        (0.63      0.72  

Total from investment operations

     1.29        0.73        0.94  

Dividends and distributions to shareholders:

        

Net investment income

     (0.81      (1.30      (0.21

Capital gains

            (0.24       

Total dividends and distributions to shareholders

     (0.81      (1.54      (0.21

Net asset value, end of period

   $ 50.36      $ 49.88      $ 50.69  

TOTAL RETURN2

     2.61      1.52      1.89

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 5,036      $ 4,988      $ 5,069  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.18 %3       0.18      0.18 %3 

Expenses, prior to expense waivers

     0.28 %3       0.28      0.28 %3 

Net investment income

     2.92 %3       2.74      2.50 %3 

Portfolio turnover rate4

     7      45      3

 

       
WisdomTree Fundamental U.S. High Yield Corporate Bond Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 52.29      $ 50.41      $ 50.19  

Investment operations:

        

Net investment income1

     1.44        2.80        0.47  

Net realized and unrealized gain (loss)

     (0.66      2.24        0.20  

Total from investment operations

     0.78        5.04        0.67  

Dividends and distributions to shareholders:

        

Net investment income

     (1.48      (2.79      (0.45

Capital gains

     (0.40      (0.37       

Total dividends and distributions to shareholders

     (1.88      (3.16      (0.45

Net asset value, end of period

   $ 51.19      $ 52.29      $ 50.41  

TOTAL RETURN2

     1.50      10.23      1.34

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 5,119      $ 5,229      $ 5,041  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.38 %3       0.38      0.38 %3 

Expenses, prior to expense waivers

     0.48 %3       0.48      0.48 %3 

Net investment income

     5.48 %3       5.38      5.31 %3 

Portfolio turnover rate4

     12      51      0
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

156   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund   For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

  $ 49.94     $ 50.20     $ 49.98  

Investment operations:

     

Net investment income1

    0.47       0.79       0.12  

Net realized and unrealized gain (loss)

    (0.21     (0.28     0.21  

Total from investment operations

    0.26       0.51       0.33  

Dividends to shareholders:

     

Net investment income

    (0.50     (0.77     (0.11

Net asset value, end of period

  $ 49.70     $ 49.94     $ 50.20  

TOTAL RETURN2

    0.52     1.02     0.66

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

  $ 4,970     $ 4,994     $ 5,020  

Ratios to average net assets of:

     

Expenses, net of expense waivers

    0.18 %3      0.18     0.18 %3 

Expenses, prior to expense waivers

    0.28 %3      0.28     0.28 %3 

Net investment income

    1.85 %3      1.58     1.35 %3 

Portfolio turnover rate4

    19     38     14

 

       
WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund   For the
Six Months Ended
December 31, 2017
(unaudited)
    For the
Year Ended
June 30, 2017
    For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

  $ 51.39     $ 50.32     $ 49.95  

Investment operations:

     

Net investment income1

    1.17       2.43       0.51  

Net realized and unrealized gain (loss)

    (0.85     1.60       0.35  

Total from investment operations

    0.32       4.03       0.86  

Dividends and distributions to shareholders:

     

Net investment income

    (1.19     (2.42     (0.49

Capital gains

    (0.72     (0.54      

Total dividends and distributions to shareholders

    (1.91     (2.96     (0.49

Net asset value, end of period

  $ 49.80     $ 51.39     $ 50.32  

TOTAL RETURN2

    0.61     8.19     1.73

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

  $ 4,980     $ 5,139     $ 5,032  

Ratios to average net assets of:

     

Expenses, net of expense waivers

    0.38 %3      0.38     0.38 %3 

Expenses, prior to expense waivers

    0.48 %3      0.48     0.48 %3 

Net investment income

    4.54 %3      4.72     5.66 %3 

Portfolio turnover rate4

    23     69     0
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      157  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Dynamic Bearish U.S. Equity Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 25.72      $ 24.28      $ 24.30  

Investment operations:

        

Net investment income1

     0.25        0.47        0.08  

Net realized and unrealized gain (loss)

     0.03        0.97        (0.06

Total from investment operations

     0.28        1.44        0.02  

Distributions to shareholders:

        

Return of capital

                   (0.04

Net asset value, end of period

   $ 26.00      $ 25.72      $ 24.28  

TOTAL RETURN2

     1.09      5.93      0.06

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 6,500      $ 5,144      $ 10,927  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.48 %3       0.48      0.48 %3 

Expenses, prior to expense waivers

     0.53 %3       0.53      0.53 %3 

Net investment income

     1.95 %3       1.90      0.60 %3 

Portfolio turnover rate4

     65      153      4

 

       
WisdomTree Dynamic Long/Short U.S. Equity Fund    For the
Six Months Ended
December 31, 2017
(unaudited)
     For the
Year Ended
June 30, 2017
     For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 30.17      $ 26.70      $ 25.13  

Investment operations:

        

Net investment income1

     0.31        0.55        0.24  

Net realized and unrealized gain

     2.34        3.47        1.49  

Total from investment operations

     2.65        4.02        1.73  

Dividends to shareholders:

        

Net investment income

     (0.32      (0.55      (0.16

Net asset value, end of period

   $ 32.50      $ 30.17      $ 26.70  

TOTAL RETURN2

     8.79      15.25      6.88

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 100,758      $ 52,797      $ 17,358  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.48 %3       0.48      0.48 %3 

Expenses, prior to expense waivers

     0.53 %3       0.53      0.53 %3 

Net investment income

     1.99 %3       1.95      1.80 %3 

Portfolio turnover rate4

     65      126      70
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

158   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Balanced Income Fund    For the Period
December 21, 2017*
through
December 31, 2017
(unaudited)
 

Net asset value, beginning of period

   $ 24.92  

Investment operations:

  

Net investment income1

     0.10  

Net realized and unrealized gain

     0.05  

Total from investment operations

     0.15  

Dividends to shareholders:

  

Net investment income

     (0.10

Net asset value, end of period

   $ 24.97  

TOTAL RETURN2

     0.59

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 2,497  

Ratios to average net assets3 of:

  

Expenses, net of expense waivers

     0.03 %4 

Expenses, prior to expense waivers

     0.40 %4 

Net investment income

     0.40

Portfolio turnover rate5

     0 %6 
* 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 

Annualized.

 

5 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

6 

Amount represents less than 1%.

 

See Notes to Financial Statements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      159  


Table of Contents

Notes to Financial Statements (unaudited)

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of December 31, 2017, the Trust consisted of 88 operational investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standards Update (“ASU”) 2013-08, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:

 

Fund    Commencement
of Operations
 

WisdomTree Dynamic Currency Hedged Europe Equity Fund (“Dynamic Currency Hedged Europe Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     January 7, 2016  

WisdomTree Dynamic Currency Hedged International Equity Fund (“Dynamic Currency Hedged International Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     January 7, 2016  

WisdomTree Dynamic Currency Hedged International Quality Dividend Growth Fund (“Dynamic Currency Hedged International Quality Dividend Growth Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     November 3, 2016  

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (“Dynamic Currency Hedged International SmallCap Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     January 7, 2016  

WisdomTree Dynamic Currency Hedged Japan Equity Fund (“Dynamic Currency Hedged Japan Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     January 7, 2016  

WisdomTree Emerging Markets Dividend Fund (“Emerging Markets Dividend Fund’’)

     April 7, 2016  

WisdomTree Europe Domestic Economy Fund (“Europe Domestic Economy Fund’’)

     October 29, 2015  

WisdomTree Global ex-Mexico Equity Fund (“Global ex-Mexico Equity Fund’’)

     February 10, 2017  

WisdomTree Global Hedged SmallCap Dividend Fund (“Global Hedged SmallCap Dividend Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     November 19, 2015  

WisdomTree Global SmallCap Dividend Fund (“Global SmallCap Dividend Fund’’)

     November 12, 2015  

WisdomTree ICBCCS S&P China 500 Fund (“ICBCCS S&P China 500 Fund’’)

     December 21, 2017  

WisdomTree Strong Dollar Emerging Markets Equity Fund (“Strong Dollar Emerging Markets Equity Fund’’)

     October 29, 2015  

WisdomTree U.S. Domestic Economy Fund (“U.S. Domestic Economy Fund’’)

     July 21, 2015  

WisdomTree U.S. Export and Multinational Fund (“U.S. Export and Multinational Fund’’)

     July 21, 2015  

WisdomTree Fundamental U.S. Corporate Bond Fund (“Fundamental U.S. Corporate Bond Fund’’)

     April 27, 2016  

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (“Fundamental U.S. High Yield Corporate Bond Fund’’)

     April 27, 2016  

WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (“Fundamental U.S. Short-Term Corporate Bond Fund’’)

     April 27, 2016  

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (“Fundamental U.S. Short-Term High Yield Corporate Bond Fund’’)

     April 27, 2016  

WisdomTree Dynamic Bearish U.S. Equity Fund (“Dynamic Bearish U.S. Equity Fund’’)

     December 23, 2015  

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

     December 23, 2015  

WisdomTree Balanced Income Fund (“Balanced Income Fund’’)

     December 21, 2017  

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”) or an Index developed by a third party. 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.

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.

 

160   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

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 or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and exchange-traded funds (“ETFs” or “ETF”) or exchange-traded notes (“ETNs” or “ETN”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the ETF or ETN has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. U.S. fixed income assets may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time, except, foreign currency contracts on Asian currencies for Global Hedged SmallCap Dividend Fund are valued using WM/Reuters closing spot and forward rates as of 2:00 p.m. Singapore time. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade. Swap contracts are generally marked to market daily based upon values from independent pricing service providers or quotations from broker-dealers to the extent available.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants

 

WisdomTree Trust Semi-Annual Report December 31, 2017      161  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

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 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 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 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 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 Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

The following is a summary of the fair valuations according to the inputs used as of December 31, 2017 in valuing each Fund’s assets:

 

Dynamic Currency Hedged Europe Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 15,705,215      $      $  

Investment of Cash Collateral for Securities Loaned

            33,449         

Total

     15,705,215        33,449         

Unrealized Appreciation on Foreign Currency Contracts

            512         

Unrealized Depreciation on Foreign Currency Contracts

            (26,228       

Total - Net

   $ 15,705,215      $ 7,733      $  

 

162   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Dynamic Currency Hedged International Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 513,945,724      $      $  

Rights

            6,490         

Investment of Cash Collateral for Securities Loaned

            3,121,384         

Total

     513,945,724        3,127,874         

Unrealized Appreciation on Foreign Currency Contracts

            503,824         

Unrealized Depreciation on Foreign Currency Contracts

            (1,338,193       

Total - Net

   $ 513,945,724      $ 2,293,505      $  
        
Dynamic Currency Hedged International Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Exchange-Traded Fund

   $ 3,745,193      $      $  

Total

     3,745,193                

Unrealized Appreciation on Foreign Currency Contracts

            3,290         

Unrealized Depreciation on Foreign Currency Contracts

            (10,218       

Total - Net

   $ 3,745,193      $ (6,928    $  
        
Dynamic Currency Hedged International SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Australia

   $ 1,512,486      $      $ 0 ** 

Japan

     3,102,163        3,370         

Other*

     7,058,312                

Rights

            270         

Investment of Cash Collateral for Securities Loaned

            260,515         

Total

     11,672,961        264,155        0  

Unrealized Appreciation on Foreign Currency Contracts

            8,552         

Unrealized Depreciation on Foreign Currency Contracts

            (55,567       

Total - Net

   $ 11,672,961      $ 217,140      $ 0  
        
Dynamic Currency Hedged Japan Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,972,459      $      $  

Investment of Cash Collateral for Securities Loaned

            13,901         

Total

     2,972,459        13,901         

Unrealized Appreciation on Foreign Currency Contracts

            12,786         

Unrealized Depreciation on Foreign Currency Contracts

            (241       

Total - Net

   $ 2,972,459      $ 26,446      $  
        
Emerging Markets Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

India

   $ 1,470,143      $ 5,588      $  

South Korea

     2,683,644               7,314 ** 

Other*

     18,970,326                

Warrants

     1,335                

Investment of Cash Collateral for Securities Loaned

            62,944         

Total

     23,125,448        68,532        7,314  

Unrealized Depreciation on Foreign Currency Contracts

            (34       

Total - Net

   $ 23,125,448      $ 68,498      $ 7,314  

 

WisdomTree Trust Semi-Annual Report December 31, 2017      163  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Europe Domestic Economy Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 12,407,188      $      $  

Investment of Cash Collateral for Securities Loaned

            143,812         

Total

   $ 12,407,188      $ 143,812      $  
        
Global ex-Mexico Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 82,812,254      $      $  

Total

     82,812,254                

Unrealized Appreciation on Foreign Currency Contracts

            64         

Unrealized Depreciation on Foreign Currency Contracts

            (403       

Total - Net

   $ 82,812,254      $ (339    $  
        
Global Hedged SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Exchange-Traded Fund

   $ 15,693,137      $      $  

Investment of Cash Collateral for Securities Loaned

            1,711,125         

Total

     15,693,137        1,711,125         

Unrealized Appreciation on Foreign Currency Contracts

            24,828         

Unrealized Depreciation on Foreign Currency Contracts

            (81,445       

Total - Net

   $ 15,693,137      $ 1,654,508      $  
        
Global SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 19,563,254      $      $  

Rights

            478         

Exchange-Traded Note

     103,335                

Investment of Cash Collateral for Securities Loaned

            625,240         

Total

   $ 19,666,589      $ 625,718      $  
        
ICBCCS S&P China 500 Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Electrical Equipment

   $ 47,960      $ 2,425      $  

Other*

     2,969,341                

Total

   $ 3,017,301      $ 2,425      $  
        
Strong Dollar Emerging Markets Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Taiwan

   $ 1,804,843      $      $ 2,907 ** 

Other*

     3,854,434                

Investment of Cash Collateral for Securities Loaned

            147,280         

Total

     5,659,277        147,280        2,907  

Unrealized Depreciation on Foreign Currency Contracts

            (1       

Total - Net

   $ 5,659,277      $ 147,279      $ 2,907  
        
U.S. Domestic Economy Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,364,511      $      $  

Investment of Cash Collateral for Securities Loaned

            5,210         

Total

   $ 2,364,511      $ 5,210      $  

 

164   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

U.S. Export and Multinational Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 794,752      $      $  

Investment of Cash Collateral for Securities Loaned

            1,297         

Total

   $ 794,752      $ 1,297      $  
        
Fundamental U.S. Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $      $ 4,958,225      $  

U.S. Government Obligations

            9,871         

Total

   $      $ 4,968,096      $  
        
Fundamental U.S. High Yield Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $      $ 5,048,472      $  

Total

   $      $ 5,048,472      $  
        
Fundamental U.S. Short-Term Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $      $ 4,872,336      $  

Total

   $      $ 4,872,336      $  
        
Fundamental U.S. Short-Term High Yield Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $      $ 4,835,276      $  

Total

   $      $ 4,835,276      $  
        
Dynamic Bearish U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 6,503,164      $      $  

Investment of Cash Collateral for Securities Loaned

            176,696         

Total

     6,503,164        176,696         

Unrealized Depreciation on Swap Contracts

            (50,028       

Total - Net

   $ 6,503,164      $ 126,668      $  
        
Dynamic Long/Short U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 100,635,462      $      $  

Investment of Cash Collateral for Securities Loaned

            4,524,621         

Total

   $ 100,635,462      $ 4,524,621      $  
        
Balanced Income Fund    Level 1      Level 2      Level 3  

Exchange-Traded Funds

   $ 2,496,063      $      $  

Total

   $ 2,496,063      $      $  
  * Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

 

  ** Security is being fair valued using significant unobservable inputs by the Pricing Committee.

The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

During the six months ended December 31, 2017, Dynamic Currency Hedged International SmallCap Equity Fund transferred securities with a fair value of $1,003 from Level 1 to Level 2 as a result of the unavailability of a quoted price in an active market for identical investments.

During the six months or period ended December 31, 2017, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      165  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts and swap contracts during the period ended December 31, 2017 and open positions in such derivatives as of December 31, 2017 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security or where the counterparty to a derivative contract might default on its obligations. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at December 31, 2017 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on pages 162 and 163. At December 31, 2017, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of December 31, 2017, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.

As of December 31, 2017, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

      Asset Derivatives      Liability Derivatives  
Fund    Balance Sheet Location    Value      Balance Sheet Location    Value  

Dynamic Currency Hedged Europe Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 512      Unrealized depreciation on foreign currency contracts    $ 26,228  

Dynamic Currency Hedged International Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      503,824      Unrealized depreciation on foreign currency contracts      1,338,193  

Dynamic Currency Hedged International Quality Dividend Growth Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      3,290      Unrealized depreciation on foreign currency contracts      10,218  

Dynamic Currency Hedged International SmallCap Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      8,552      Unrealized depreciation on foreign currency contracts      55,567  

Dynamic Currency Hedged Japan Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      12,786      Unrealized depreciation on foreign currency contracts      241  

Emerging Markets Dividend Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      34  

Global ex-Mexico Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      64      Unrealized depreciation on foreign currency contracts      403  

Global Hedged SmallCap Dividend Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      24,828      Unrealized depreciation on foreign currency contracts      81,445  

Strong Dollar Emerging Markets Equity Fund

        

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts           Unrealized depreciation on foreign currency contracts      1  

Dynamic Bearish U.S. Equity Fund

        

Equity contracts

   Unrealized appreciation on swap contracts           Unrealized depreciation on swap contracts      50,028  

 

166   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

For the six months or period ended December 31, 2017, the effects of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:

 

Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

Dynamic Currency Hedged Europe Equity Fund

     

Foreign exchange contracts

   $ (31,613    $ (19,522

Dynamic Currency Hedged International Equity Fund

     

Foreign exchange contracts

     (4,694,665      11,306  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     

Foreign exchange contracts

     (18,898      35  

Dynamic Currency Hedged International SmallCap Equity Fund

     

Foreign exchange contracts

     (27,714      (40,300

Dynamic Currency Hedged Japan Equity Fund

     

Foreign exchange contracts

     9,235        (26,221

Emerging Markets Dividend Fund

 

Foreign exchange contracts

     (8,743      (34

Europe Domestic Economy Fund

 

Foreign exchange contracts

     107         

Global ex-Mexico Equity Fund

 

Foreign exchange contracts

     (21,565      (320

Global Hedged SmallCap Dividend Fund

 

Foreign exchange contracts

     (198,315      (4,730

Global SmallCap Dividend Fund

 

Foreign exchange contracts

     (13,918      8  

Equity contracts

     18,613         

ICBCCS S&P China 500 Fund3

 

Foreign exchange contracts

     9,975         

Strong Dollar Emerging Markets Equity Fund

 

Foreign exchange contracts

     1,049        (1

Dynamic Bearish U.S. Equity Fund

 

Equity contracts

     (328,003      (80,792

Dynamic Long/Short U.S. Equity Fund

 

Equity contracts

     47,366        (149,500
  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 and swap contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

Equity contracts

   Net increase (decrease) in unrealized appreciation/depreciation from swap contracts
  3 

For the period December 21, 2017 (commencement of operations) through December 31, 2017.

During the six months or period ended December 31, 2017, 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)
     Foreign currency
contracts
(to receive)
     Swap
contracts
(short)
     Futures
contracts
(long)
 

Dynamic Currency Hedged Europe Equity Fund

           

Foreign exchange contracts

   $ 2,967,627      $ 6,035,846      $      $  

Dynamic Currency Hedged International Equity Fund

           

Foreign exchange contracts

     216,779,664        436,564,869                

Dynamic Currency Hedged International Quality Dividend Growth Fund

           

Foreign exchange contracts

     1,454,405        2,965,023                

 

WisdomTree Trust Semi-Annual Report December 31, 2017      167  


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

      Average Notional  
Fund    Foreign currency
contracts
(to deliver)
     Foreign currency
contracts
(to receive)
     Swap
contracts
(short)
     Futures
contracts
(long)
 

Dynamic Currency Hedged International SmallCap Equity Fund

           

Foreign exchange contracts

   $ 2,418,278      $ 5,073,792      $      $  

Dynamic Currency Hedged Japan Equity Fund

           

Foreign exchange contracts

     1,944,322        3,921,883                

Emerging Markets Dividend Fund

           

Foreign exchange contracts

     195,012        2,987                

Europe Domestic Economy Fund

           

Foreign exchange contracts

            1,327                

Global ex-Mexico Equity Fund

           

Foreign exchange contracts

     12,700        22,674                

Global Hedged SmallCap Dividend Fund

           

Foreign exchange contracts

     10,480,088        20,281,539                

Global SmallCap Dividend Fund

           

Equity contracts1

                          922,046  

Foreign exchange contracts

     911        51,739                

ICBCCS S&P China 500 Fund1,2

           

Foreign exchange contracts

     1,464,598        4,080,791                

Strong Dollar Emerging Markets Equity Fund

           

Foreign exchange contracts

     4,480        20,804                

Dynamic Bearish U.S. Equity Fund

           

Equity contracts

                   4,280,168         

Dynamic Long/Short U.S. Equity Fund

           

Equity contracts1

                   7,478,229         
  1 

The volume of derivative activity for the period is based on intra-month balances.

 

  2 

For the period December 21, 2017 (commencement of operations) through December 31, 2017.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Non-cash dividend income is recognized at the fair value of securities received on the ex-dividend date or as soon as practicable after the existence of a dividend declaration has been determined. Interest income (including amortization of premiums and accretion of discounts), net of any foreign taxes withheld, is accrued daily. Generally, amortization of premiums and accretion of discounts are recognized daily using the 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. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of foreign currency contracts, 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 contracts and foreign currency related transactions and/or increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the

 

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Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (‘‘Independent Trustees’’); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (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% 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 Currency Hedged Equity Funds, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Currency Hedged Equity Funds, except the Global Hedged SmallCap Dividend Fund, utilized forward foreign currency contracts (‘‘Forward Contract’’) to dynamically obtain either a net long or net short exposure to foreign currencies consistent with each Currency Hedged Equity Fund’s investment objective. The Global Hedged SmallCap Dividend Fund utilized Forward Contracts to obtain net short exposure to foreign currencies consistent with its investment objective. The Emerging Markets Dividend Fund, Europe Domestic Economy Fund, Global ex-Mexico Equity Fund, Global SmallCap Dividend Fund, ICBCCS S&P China 500 Fund, and the Strong Dollar Emerging Markets Equity Fund utilized Forward Contracts to facilitate foreign security settlements. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold and included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

Futures Contracts — The Global SmallCap Dividend Fund utilized equity futures contracts on a temporary basis during the period 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 payments may be made or received at settlement. Such 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

 

WisdomTree Trust Semi-Annual Report December 31, 2017      169  


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Notes to Financial Statements (unaudited) (continued)

 

risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

Total Return Swap Contracts — The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. Total return swap contracts are agreements between counterparties to exchange the return of a given underlying reference asset/index, including income and any appreciation/depreciation in value of the reference asset/index, in exchange for payments equal to a rate of interest on another reference asset. During the term of the outstanding swap agreement, changes in the underlying value of the swap are recorded as unrealized gains and losses and the periodic payments received or made on the swap are recorded as realized gains or losses. Swap agreements may be used to achieve exposure to, for example, currencies, interest rates, indexes and money market securities without actually purchasing such currencies or securities. A Fund may use swap agreements to invest in a market without owning or taking physical custody of the underlying securities in circumstances in which direct investment is restricted for legal reasons or is otherwise impractical. Swap agreements will tend to shift a Fund’s investment exposure from one type of investment to another or from one payment stream to another. Depending on their structure, swap agreements may increase or decrease a Fund’s exposure to long- or short-term interest rates (in the United States or abroad), foreign currencies, corporate borrowing rates, or other factors, and may increase or decrease the overall volatility of a Fund’s investments and its share price. Total return swaps are exposed to the market risk factor of the specific underlying reference asset/index such as unanticipated movements in the value of the exchange rates, interest rates, securities, or the reference asset/index. Additional risks to a Fund include the possibility that there is no liquid market for these agreements or that the swap counterparty may default on its obligation to perform. A Fund’s maximum loss from counterparty risk is the fair value of the contract.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The values of the investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Master Netting Arrangements — ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including 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

 

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Notes to Financial Statements (unaudited) (continued)

 

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.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund 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 December 31, 2017, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

 
Fund     Financial
Instruments
    Collateral
Received
        Financial
Instruments
    Collateral
Posted
   

Dynamic Currency Hedged Europe Equity Fund

               

Securities Lending

  $ 41,644     $     $ (41,644 )1    $     $     $     $     $  

Foreign Currency Contracts

    512       (512                 26,228       (512           25,716  

Dynamic Currency Hedged International Equity Fund

               

Securities Lending

    5,834,535             (5,834,535 )1                               

Foreign Currency Contracts

    503,824       (503,081           743       1,338,193       (503,081           835,112  

Dynamic Currency Hedged International Quality Dividend Growth Fund

               

Foreign Currency Contracts

    3,290       (3,290                 10,218       (3,290           6,928  

Dynamic Currency Hedged International SmallCap Equity Fund

               

Securities Lending

    308,165             (308,165 )1                               

Foreign Currency Contracts

    8,552       (8,552                 55,567       (8,552           47,015  

Dynamic Currency Hedged Japan Equity Fund

               

Securities Lending

    51,333             (51,333 )1                               

Foreign Currency Contracts

    12,786       (172           12,614       241       (172           69  

Emerging Markets Dividend Fund

               

Securities Lending

    135,293             (135,293 )1                               

Foreign Currency Contracts

                            34                   34  

 

WisdomTree Trust Semi-Annual Report December 31, 2017      171  


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Notes to Financial Statements (unaudited) (continued)

 

     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 Domestic Economy Fund

               

Securities Lending

  $ 148,433     $     $ (148,433 )1    $     $     $     $     $  

Global ex-Mexico Equity Fund

               

Securities Lending

    220,520             (220,520 )1                               

Foreign Currency Contracts

    64       (64                 403       (64           339  

Global Hedged SmallCap Dividend Fund

               

Securities Lending

    1,676,649             (1,676,649 )1                               

Foreign Currency Contracts

    24,828       (24,530           298       81,445       (24,530           56,915  

Global SmallCap Dividend Fund

               

Securities Lending

    844,061             (844,061 )1                               

Strong Dollar Emerging Markets Equity Fund

               

Securities Lending

    212,887             (212,887 )1                               

Foreign Currency Contracts

                            1                   1  

U.S. Domestic Economy Fund

               

Securities Lending

    8,792             (8,792 )1                               

U.S. Export and Multinational Fund

               

Securities Lending

    1,840             (1,840 )1                               

Dynamic Bearish U.S. Equity Fund

               

Securities Lending

    315,966             (315,966 )1                               

Swap Contracts

                            50,028                   50,028  

Dynamic Long/Short U.S. Equity Fund

               

Securities Lending

    5,326,697             (5,326,697 )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.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

 

 

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Notes to Financial Statements (unaudited) (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 Capital Management Corporation (‘‘MCM’’) to provide sub-advisory services to the Funds, except for Fundamental U.S. Corporate Bond Fund, Fundamental U.S. High Yield Corporate Bond Fund, Fundamental U.S. Short-Term Corporate Bond Fund and Fundamental U.S. Short-Term High Yield Corporate Bond Fund which are sub-advised by Voya Investment Management Co., LLC (‘‘Voya IM’’) and ICBCCS S&P China 500 Fund which is sub-advised by ICBC Credit Suisse Asset Management (International) Company Ltd. (‘‘ICBC Credit Suisse’’). MCM, Voya IM and ICBC Credit Suisse are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for an annual fee, accrued daily and paid monthly in arrears, of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

Fund   

Advisory

Fee Rate

(before fee waiver)

     Advisory Fee
Waiver1
   

Advisory Fee Waiver

Expiration Date

 

Dynamic Currency Hedged Europe Equity Fund

     0.48      (0.05 )%      October 31, 2018  

Dynamic Currency Hedged International Equity Fund

     0.40      (0.05 )%      October 31, 2018  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     0.58      (0.48 )%2      October 31, 2018  

Dynamic Currency Hedged International SmallCap Equity Fund

     0.48      (0.05 )%      October 31, 2018  

Dynamic Currency Hedged Japan Equity Fund

     0.48      (0.05 )%      October 31, 2018  

Emerging Markets Dividend Fund

     0.32             

Europe Domestic Economy Fund

     0.58      (0.10 )%      October 31, 2018  

Global ex-Mexico Equity Fund

     0.35      (0.05 )%      February 2, 2020  

Global Hedged SmallCap Dividend Fund

     0.43      (0.43 )%3      October 31, 2018  

Global SmallCap Dividend Fund

     0.43             

ICBCCS S&P China 500 Fund

     0.55             

Strong Dollar Emerging Markets Equity Fund

     0.58      (0.26 )%      October 31, 2018  

U.S. Domestic Economy Fund

     0.33             

U.S. Export and Multinational Fund

     0.33             

Fundamental U.S. Corporate Bond Fund

     0.28      (0.10 )%      October 31, 2018  

Fundamental U.S. High Yield Corporate Bond Fund

     0.48      (0.10 )%      October 31, 2018  

Fundamental U.S. Short-Term Corporate Bond Fund

     0.28      (0.10 )%      October 31, 2018  

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

     0.48      (0.10 )%      October 31, 2018  

Dynamic Bearish U.S. Equity Fund

     0.53      (0.05 )%      October 31, 2018  

Dynamic Long/Short U.S. Equity Fund

     0.53      (0.05 )%      October 31, 2018  

Balanced Income Fund

     0.40      (0.37 )%4      December 31, 2020  
  1 

WTAM has contractually agreed to waive a portion of its advisory fee by the waiver amount listed per annum based on the average daily net assets through the expiration date listed, unless earlier terminated by the Board of Trustees of the Trust for any reason. The dollar amount of contractual fee waivers are included in “Expense waivers” on the Statements of Operations.

 

  2 

WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund (currently, approximately 0.38% per annum), as well as an additional 0.10% per annum.

 

  3 

WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund (currently, approximately 0.43% per annum).

 

  4 

WTAM has contractually agreed to waive a portion of its advisory fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Funds (currently, approximately 0.32% per annum), as well as an additional 0.05% per annum.

Each Fund may purchase shares of affiliated ETFs in secondary market transactions to reduce cash balances. For these transactions, WTAM waives its advisory fees for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are shown in the Statements of Operations.

 

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Notes to Financial Statements (unaudited) (continued)

 

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the six months or period ended December 31, 2017 are as follows:

 

Fund   Value at
6/30/2017
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
12/31/2017
    Dividend
Income
 

Dynamic Currency Hedged International Quality Dividend Growth Fund

             

WisdomTree International Quality Dividend Growth Fund

  $ 2,329,087     $ 1,273,313     $ 90,887     $ 2,632     $ 231,048     $ 3,745,193     $ 23,057  

Global Hedged SmallCap Dividend Fund

             

WisdomTree Global SmallCap Dividend Fund

  $ 24,468,302     $ 230,016     $ 10,469,107     $ 3,088,517     $ (1,624,591   $ 15,693,137     $ 359,296  

Balanced Income Fund1

             

WisdomTree Barclays Yield Enhanced U.S. Aggregate Bond Fund

  $     $ 497,936     $ 2,025     $ 02     $ 1,094     $ 497,005     $ 1,078  

WisdomTree Dynamic Currency Hedged International Equity Fund

          249,654       886       02       408       249,176       1,054  

WisdomTree Emerging Markets Dividend Fund

          183,351                   3,565       186,916       946  

WisdomTree Emerging Markets Local Debt Fund

          90,364       306       (1     377       90,434       376  

WisdomTree Fundamental U.S. Corporate Bond Fund

          137,698                   442       138,140       392  

WisdomTree Interest Rate Hedged High Yield Bond Fund

          137,190       844       (4     (506     135,836       570  

WisdomTree International High Dividend Fund

          315,863       1,153       1       1,567       316,278       2,346  

WisdomTree U.S. High Dividend Fund

          502,311       2,044       (5     (2,182     498,080       2,083  

WisdomTree U.S. LargeCap Dividend Fund

          252,325       1,848       (2     (1,106     249,369       929  

Total

  $     $ 2,366,692     $ 9,106     $ (11   $ 3,659     $ 2,361,234     $ 9,774  
  1 

For the period December 21, 2017 (commencement of operations) through December 31, 2017.

 

  2 

Amount is less than $1.

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of December 31, 2017, WTAM held shares of the following Funds which were purchased through an unaffiliated broker in ordinary brokerage transactions in the secondary market in which the Funds’ shares trade:

 

Fund    Fund
Shares held
by WTAM
     Market Value
of Fund Shares
held by WTAM
     Dividends paid
to WTAM on
Fund Shares
held by  WTAM
 

Dynamic Currency Hedged Europe Equity Fund

     120      $ 3,780      $ 24  

Dynamic Currency Hedged International Equity Fund

     1,882        57,476        354  

Emerging Markets Dividend Fund

     825        27,390        410  

Fundamental U.S. Corporate Bond Fund

     151        7,544        88  

Dynamic Bearish U.S. Equity Fund

     188        4,901         

Dynamic Long/Short U.S. Equity Fund

     156        5,082        50  

As of December 31, 2017, approximately 6% of the Emerging Markets Dividend Fund and 8% of the Dynamic Currency Hedged International Equity Fund were held by an affiliate Fund.

4. CAPITAL SHARE TRANSACTIONS

As of December 31, 2017, 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 portfolio of equity securities and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the six months or period ended December 31, 2017 are shown in the following table. Realized gains and

 

174   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

Notes to Financial Statements (unaudited) (continued)

 

losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

                      In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Dynamic Currency Hedged Europe Equity Fund

   $ 449,642      $ 549,726      $ 13,775,684      $  

Dynamic Currency Hedged International Equity Fund

     8,378,986        9,756,462        25,949,634         

Dynamic Currency Hedged International Quality Dividend Growth Fund

     57,715        90,887        1,215,598         

Dynamic Currency Hedged International SmallCap Equity Fund

     104,436        202,147        8,147,350         

Dynamic Currency Hedged Japan Equity Fund

     57,321        150,233                

Emerging Markets Dividend Fund

     9,076,829        4,871,506        5,240,055         

Europe Domestic Economy Fund

     139,687        140,708        9,105,270         

Global ex-Mexico Equity Fund

     10,177,439        6,804,195        53,228,077        33,051,567  

Global Hedged SmallCap Dividend Fund

     230,016        413,085               10,056,022  

Global SmallCap Dividend Fund

     11,673,393        5,783,112               15,539,989  

ICBCCS S&P China 500 Fund1

     2,966,239                       

Strong Dollar Emerging Markets Equity Fund

     252,058        643,044                

U.S. Domestic Economy Fund

     400,327        895,763        775,058        292,162  

U.S. Export and Multinational Fund

     116,774        117,030                

Fundamental U.S. Corporate Bond Fund

     374,609        366,949                

Fundamental U.S. High Yield Corporate Bond Fund

     643,472        635,070                

Fundamental U.S. Short-Term Corporate Bond Fund

     916,331        923,470                

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

     1,284,034        1,146,778                

Dynamic Bearish U.S. Equity Fund

     3,592,961        4,180,797        5,094,123        3,528,032  

Dynamic Long/Short U.S. Equity Fund

     48,184,561        48,240,549        58,522,420        16,940,922  

Balanced Income Fund1

     8,639        9,212        2,492,074         
  1 

For the period December 21, 2017 (commencement of operations) through December 31, 2017.

6. FEDERAL INCOME TAXES

At December 31, 2017, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross
Unrealized
Appreciation
     Gross
Unrealized
Depreciation
     Net Unrealized
Appreciation/
(Depreciation)
 

Dynamic Currency Hedged Europe Equity Fund

   $ 14,902,576      $ 978,686      $ (168,314    $ 810,372  

Dynamic Currency Hedged International Equity Fund

     440,141,019        84,510,773        (8,412,563      76,098,210  

Dynamic Currency Hedged International Quality Dividend Growth Fund

     3,165,349        572,916               572,916  

Dynamic Currency Hedged International SmallCap Equity Fund

     10,989,510        962,276        (61,685      900,591  

Dynamic Currency Hedged Japan Equity Fund

     2,427,405        609,888        (38,388      571,500  

Emerging Markets Dividend Fund

     20,270,055        3,124,229        (193,024      2,931,205  

Europe Domestic Economy Fund

     11,885,860        857,522        (192,382      665,140  

Global ex-Mexico Equity Fund

     77,122,482        7,190,912        (1,501,479      5,689,433  

Global Hedged SmallCap Dividend Fund

     13,245,296        4,104,788        (2,439      4,102,349  

Global SmallCap Dividend Fund

     18,058,949        2,783,760        (550,402      2,233,358  

ICBCCS S&P China 500 Fund

     2,966,239        69,838        (16,351      53,487  

Strong Dollar Emerging Markets Equity Fund

     4,747,881        1,345,582        (284,000      1,061,582  

U.S. Domestic Economy Fund

     2,156,136        246,374        (32,789      213,585  

U.S. Export and Multinational Fund

     697,098        115,295        (16,344      98,951  

Fundamental U.S. Corporate Bond Fund

     4,926,251        75,046        (33,201      41,845  

Fundamental U.S. High Yield Corporate Bond Fund

     4,971,015        169,155        (91,698      77,457  

Fundamental U.S. Short-Term Corporate Bond Fund

     4,899,229        3,101        (29,994      (26,893

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

     4,851,511        73,966        (90,201      (16,235

Dynamic Bearish U.S. Equity Fund

     6,224,329        491,932        (86,429      405,503  

Dynamic Long/Short U.S. Equity Fund

     97,398,334        9,084,130        (1,322,381      7,761,749  

Balanced Income Fund

     2,491,491        8,365        (3,793      4,572  

 

WisdomTree Trust Semi-Annual Report December 31, 2017      175  


Table of Contents

Notes to Financial Statements (unaudited) (concluded)

 

7. RECENT ACCOUNTING PRONOUNCEMENT

In March 2017, the FASB issued ASU 2017-08 Receivables — Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities. The amendments in ASU 2017-08 shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. ASU 2017-08 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. WTAM is currently evaluating the impact that the adoption of this guidance will have on the Trust’s financial statements and related disclosures.

8. SUBSEQUENT EVENTS

At the recommendation of WTAM, after continued review of the product lineup and anticipated limited future prospect of investor demand, among other considerations, the Board of Trustees voted to close and liquidate the Strong Dollar Emerging Markets Equity Fund, U.S. Domestic Economy Fund and the U.S. Export and Multinational Fund (each a “Liquidating Fund” and collectively referred to herein as the “Liquidating Funds”).

After the close of business on March 16, 2018, the Liquidating Funds will no longer accept creation orders. The last day of secondary market trading of shares of the Liquidating Funds on their respective exchanges will be March 16, 2018. Shareholders may sell Liquidating Fund shares through a broker in the standard manner through this date. Customary brokerage charges may apply to such transactions. When a Liquidating Fund commences liquidation of its portfolio, which is anticipated to occur on or around March 16, 2018, but may occur before March 16, 2018, and at different times for each Liquidating Fund, each Liquidating Fund will be increasing its cash holdings and deviating from the investment objective and strategies stated in its prospectus.

It is anticipated that shareholders remaining in the Liquidating Funds after the last day of trading will have their shares redeemed automatically on or around March 23, 2018 and will receive cash through their broker or other applicable financial intermediary thereafter in an amount equal to the net asset value of their shares. This amount is expected to include any accrued capital gains and dividends. Shareholders remaining in a Liquidating Fund and that receive cash will not be charged any transaction fees by the Liquidating Fund. Whether a shareholder sells their shares or are automatically redeemed as described above, a shareholder will generally recognize a capital gain (or loss) equal to the amount they received above (or below) their adjusted cost basis in such shares.

 

176   WisdomTree Trust Semi-Annual Report December 31, 2017


Table of Contents

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

 

Consideration of the Renewal of Investment Advisory and Sub-Investment Advisory Agreements with respect to all Funds (except the WisdomTree ICBCCS S&P China 500 Fund and the WisdomTree Balanced Income Fund)

At a meeting of the Board of Trustees (the “Board” or the “Trustees”) of the WisdomTree Trust (the “Trust”) held on September 26-27, 2017 (the “Meeting”), the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the renewal of the Investment Advisory Agreements between WisdomTree Asset Management, Inc. (“WTAM”) and the Trust, on behalf of its series (each, a “Fund,” and, collectively, the “Funds”), pursuant to which WTAM provides the Funds with investment advisory services (the “Advisory Agreements”), the Sub-Advisory Agreement (the “MCM Sub-Advisory Agreement”), pursuant to which Mellon Capital Management Corporation (“MCM”) coordinates the investment and reinvestment of the assets of applicable Funds listed on Schedule 1 hereto, and the Investment Sub-Advisory Agreement (together with the MCM Sub-Advisory Agreement, the “Sub-Advisory Agreements,” and, collectively with the Advisory Agreements, the “Agreements”), pursuant to which Voya Investment Management Co. LLC (“Voya,” and, together with MCM, the “Sub-Advisers”) coordinates the investment and reinvestment of the assets of the applicable Funds.

The Trustees requested, and WTAM provided, such information as the Trustees, with advice from counsel to the Trust and independent legal counsel, deemed reasonably necessary to evaluate the Agreements. At a meeting of a committee of Independent Trustees (the “Contracts Review Committee”) held on August 3, 2017, representatives from WTAM presented preliminary information to the Trustees relating to the continuance of the Agreements, and the Trustees, including the Independent Trustees, reviewed and discussed such information. Further information was presented at the Board’s request at the Meeting.

The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Advisers. In considering the renewal of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services Provided to the Funds.

The Board considered information provided to them at the Meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the Funds, recognizing WTAM’s and the Sub-Advisers’ operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to certain Funds, which comprise the substantial majority of assets in the WisdomTree fund complex. The Board noted that the strategies represented by those Funds tracking affiliated WTI indexes are unique, based on WTI’s intellectual property and are only available for use by applicable Funds through WTAM. The Board noted WTAM’s belief that shareholders have invested in such Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Advisers, including oversight of the Sub-Advisers’ adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Advisers’ buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Advisers and oversight of, and the provision of consultation to, the Sub-Advisers with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM provides oversight of day-to-day Fund operations, including fund accounting, tax matters, administration and legal assistance in meeting disclosure and regulatory requirements. Based on management’s representations, the Board expected that there would be no reduction in the scope of services required by or provided by WTAM and the Sub-Advisers under the relevant Agreements. The Board noted that WTAM has continued to commit significant resources toward the fund complex and has made substantial investments to improve the services offered by WTAM, which benefit Fund shareholders.

Based on review of this information and the other factors considered at the Meeting, the Board concluded that the nature, extent and quality of services provided by WTAM and the Sub-Advisers under the Advisory Agreements and Sub-Advisory Agreements, respectively, are adequate and appropriate and supported the Board’s approval of the renewal of the Agreements.

Comparative Analysis of the Funds’ Performance and Management Fee and Expense Ratio.

The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data, which included information (1) measuring each index Fund’s performance by how well it tracked the relevant benchmark index and (2) comparing each Fund’s actual management fees and total expenses with those of a group of comparable funds (the “Expense Group”) and, with respect to total expenses, with a broader group of funds (the “Expense Universe”), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its

 

WisdomTree Trust Semi-Annual Report December 31, 2017      177  


Table of Contents

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

 

analysis. The Contracts Review Committee and the Independent Trustees previously had reviewed and discussed the methodology Broadridge used to select the Expense Groups and Expense Universes. The Board noted that the Expense Groups and Expense Universes included only pure-index and index-based exchange traded funds (“ETFs”) as comparison funds. The Board also noted that due to the special characteristics of certain Funds, there are limitations in providing comparable funds in the Performance Groups, Expense Groups and Expense Universes, and the information in the Broadridge reports may or may not provide meaningful direct comparisons to the Funds. The Board also reviewed reports prepared by WTAM presenting performance data for Funds with ten years of performance history and for WisdomTree indexes with at least three years of performance history that are tracked by an index Fund.

The Board discussed the index Funds’ performance, noting that the substantial majority of index Funds seek to track their own WisdomTree benchmark index. During the prior year, the Board received periodic reports on the Funds’ performance in comparison to their relevant benchmark indexes. In response to questions from the Independent Trustees, WTAM representatives discussed the relative performance of the Funds and the factors affecting such performance. On that basis, the Board determined to monitor carefully in the coming year disparities in performance — both positive and negative — but did not believe that the disparities in the past reflected any characteristics requiring immediate action by WTAM or a Sub-Adviser.

The Board also reviewed the range of actual management fees and total expenses of the Expense Group funds and, with respect to total expenses, Expense Universe funds, as well as the advisory fees and total expenses of certain funds not included in the Broadridge reports that WTAM considers to be significant competitors of the Funds, and discussed the results of the comparisons. With respect to comparisons of actual management fees, the Board noted the Funds’ unitary fee structure and that the Expense Groups and Expense Universes generally included both ETFs with and without a unitary fee structure. The Board also noted that certain comparison funds in certain Expense Groups and Expense Universes benefited from waivers of all or a portion of their management fees and reimbursement of certain operating expenses. The Board noted that the total expenses of many of the Funds were within five basis points of the median or average total expenses of the funds in the Funds’ respective Expense Groups. In those specific instances where a Fund’s total expenses departed more significantly from comparative funds, the Independent Trustees sought explanations from WTAM, which generally attributed the disparities to the limitations within peer and/or the unique attributes of a Fund.

The Board considered the fees to the Sub-Advisers in relation to the fees paid to WTAM by the Funds and the respective services provided by the Sub-Advisers and WTAM. The Board also noted that the Sub-Advisers’ fees are paid by WTAM (out of its fee paid by the relevant Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM provides to the Funds as compared to the Sub-Advisers, including that the role of a Sub-Adviser in making investment recommendations with respect to a Fund tracking an index is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk borne by WTAM that is associated with Funds’ unitary fee structure, which frequently includes minimum fees (such as those to a Sub-Adviser), regardless of whether the asset size of a Fund has grown to a sufficient size.

Based on this review and the other factors considered at the Meeting, the Board concluded that, with respect to each Fund, the Fund’s performance, the fees paid to WTAM and the relevant Sub-Adviser and the Fund’s total expenses supported the Board’s approval of the renewal of the relevant Agreements.

Analysis of Profitability and Economies of Scale.

WTAM representatives reviewed the expenses allocated and profit received by WTAM and the resulting profitability percentage for managing each Fund and the aggregate profitability percentage to WTAM for managing the WisdomTree fund complex, and the method used to determine the expenses and profit.

The Board considered the profitability analysis (1) as part of its evaluation of whether the fees under the Agreements bear a reasonable relationship to the mix of services provided by WTAM and the Sub-Advisers, including the nature, extent and quality of such services, and (2) in light of the relevant circumstances for each Fund and the extent to which economies of scale would be realized if the Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders. WTAM representatives noted that a discussion of economies of scale is predicated on a Fund having achieved a substantial size and that, if a Fund’s assets had been decreasing, the possibility that WTAM may have realized any economies of scale would be less. WTAM representatives also noted that, as a result of shared and allocated costs among the WisdomTree funds, the extent of economies of scale could depend substantially on the level of assets in the fund complex as a whole. The Board noted that certain Funds had grown rapidly over a relatively short period of time after longer periods of slow or no growth, during which there were years of losses for WTAM in managing such Funds that had only recently turned profitable and years of substantial cumulative losses to WTAM in managing the fund complex as a whole. WTAM representatives stated that there has been significant volatility in the assets of individual Funds and in the fund complex as a whole over time (including volatility in profitability) and that it was not clear that current asset levels will be maintained. WTAM representatives noted that assets in certain Funds have diminished at times at a rapid

 

178   WisdomTree Trust Semi-Annual Report December 31, 2017


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

 

rate (including during the last year) and could continue to do so. WTAM representatives also noted that economies of scale currently are shared with the Funds by way of the unitary fee structure of the Trust, as well as through additional investment in the WisdomTree business. The Board noted that the Contracts Review Committee had focused on the issue of economies of scale during its meetings. The Board also noted that it would continue to monitor the sharing of economies of scale, focusing in particular on Funds that have experienced significant asset growth, to determine the appropriateness of adding breakpoints in the future. The Board also considered potential benefits to WTAM and the Sub-Advisers from acting as investment adviser and sub-investment advisers, respectively, and noted that there were no soft dollar arrangements in effect for trading the Funds’ investments. Based on this review, the Board concluded that the profitability results were consistent with the services rendered and service levels provided by WTAM and the entrepreneurial risk WTAM has undertaken over time.

*    *    *    *    *    *

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreements. In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its previous knowledge, gained through meetings and other interactions with WTAM and the Sub-Advisers, of the Funds and the services provided to the Funds by WTAM and the Sub-Advisers. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the Funds and the investment advisory and other services provided under the Agreements. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the renewal of the Agreement.

Consideration of the Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree ICBCCS S&P China 500 Fund (the “Fund”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on September 26-27, 2017, the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide the Fund with investment advisory services, and the Sub-Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which ICBC Credit Suisse Asset Management (International) Co. Ltd. (“ICBCCS” or the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of the Fund.

In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM, the Sub-Adviser and Broadridge Financial Solutions, Inc., an independent provider of investment company data. The Trustees were assisted in their review by counsel to the Trust and independent legal counsel, and met with counsel in executive session separate from representatives of WTAM and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services to be Provided to the Fund.

The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s operational capabilities and resources. The Board considered WTAM’s reasons for recommending that ICBCCS be appointed as the sub-adviser to the Fund, including its due diligence concerning ICBCCS. WTAM representatives noted ICBCCS’s expertise in investing in securities of Chinese companies and in-depth understanding of the Chinese markets and stated that ICBCCS is one of the largest asset managers in China. The Board also received materials from ICBCCS detailing its investment process and met with representatives of ICBCCS, who discussed with the Board that investment process and the backgrounds and qualifications of relevant personnel of ICBCCS, including the Fund’s proposed primary portfolio manager and ICBCCS’ chief compliance officer. The Board noted WTAM’s belief that shareholders will invest in the Fund on the strength of WTAM’s and ICBCCS’s industry standing and reputation. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Fund, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to the Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Fund’s portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Fund. The Board also considered research support available to, and management capabilities of, the Fund’s management personnel and that WTAM will provide oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      179  


Table of Contents

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

 

Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the Agreements.

Comparative Analysis of the Fund’s Performance, Advisory Fees and Fund Expenses.

As the Fund had not yet commenced operations, the Board was not able to review the Fund’s performance. The Board discussed with representatives of WTAM and ICBCCS the portfolio manager’s experience and the investment strategies to be employed in the management of the Fund’s assets. The Board noted the reputation and experience of WTAM and ICBCCS.

The Board considered the fees to be paid to WTAM by the Fund. The Board examined the fee to be paid by the Fund in light of fees paid to other investment advisers by comparable funds and the method of computing the Fund’s fee. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by the Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fee will be paid by WTAM (out of its fee paid by the Fund) and not the Fund. The Board considered the meaningful differences in the services that WTAM will provide to the Fund as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to the Fund is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk to be borne by WTAM that is associated with the Fund’s unitary fee structure, regardless of whether the asset size of the Fund grows to a sufficient size. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser supported the Board’s approval of the Agreements.

Analysis of Profitability and Economies of Scale.

As the Fund had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Fund had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it was determined that material economies of scale had not been shared with the Fund, the Board would seek to have those economies of scale shared with the Fund in connection with future renewals.

*    *    *    *    *    *

In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM, of other funds advised by WTAM. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the Agreements.

Consideration of the Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree Balanced Income Fund (the “Fund”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on December 12-13, 2017, the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide the Fund with investment advisory services, and the Sub-Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which Mellon Capital Management Corporation (the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of the Fund.

In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM and Broadridge Financial Solutions, Inc., an independent provider of investment company data. The Trustees noted that representatives from WTAM presented preliminary information to the Trustees regarding the Fund’s proposed investment objective, index methodology and principal investment strategies and risks at meetings of the Fund’s Investment Committee, a committee of Independent Trustees, held on December 14, 2016 and September 26, 2017. The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

 

180   WisdomTree Trust Semi-Annual Report December 31, 2017


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

 

Analysis of Nature, Extent, and Quality of Services to be Provided to the Fund.

The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Fund. The Board noted that the strategy represented by the Fund is unique, based on WTI’s intellectual property and is only available for use by the Fund through WTAM. The Board noted WTAM’s belief that shareholders will invest in the Fund on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Fund based on the WTI index. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Fund, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to the Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Fund’s portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Fund. The Board also considered research support available to, and management capabilities of, the Fund’s management personnel and that WTAM will provide oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements.

Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the Agreements.

Comparative Analysis of the Fund’s Performance, Advisory Fees and Fund Expenses.

As the Fund had not yet commenced operations, the Board was not able to review the Fund’s performance. The Board discussed with WTAM representatives the portfolio management team and the investment strategies to be employed in the management of the Fund’s assets. The Board noted the reputation and experience of WTAM and the Sub-Adviser.

The Board considered the fees to be paid to WTAM by the Fund. The Board examined the fee to be paid by the Fund in light of fees paid to other investment advisers by comparable funds and the method of computing the Fund’s fee. The Board noted the proposed fee waiver arrangements. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by the Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fee will be paid by WTAM (out of its fee paid by the Fund) and not the Fund. The Board considered the meaningful differences in the services that WTAM will provide to the Fund as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to the Fund is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk to be borne by WTAM that is associated with the Fund’s unitary fee structure, which includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of the Fund grows to a sufficient size. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser supported the Board’s approval of the Agreements.

Analysis of Profitability and Economies of Scale.

As the Fund had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Fund had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it were determined that material economies of scale had not been shared with the Fund, the Board would seek to have those economies of scale shared with the Fund in connection with future renewals.

*    *    *    *    *    *

In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of other funds advised by WTAM and the Sub-Adviser. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the Agreements.

 

WisdomTree Trust Semi-Annual Report December 31, 2017      181  


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General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained upon request, at no charge, by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters 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). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to 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.

 

182   WisdomTree Trust Semi-Annual Report December 31, 2017


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The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of December 31, 2017:

 

 

WisdomTree Domestic Equity Funds

 

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

 

WisdomTree U.S. Earnings 500 Fund (EPS)

 

WisdomTree U.S. High Dividend Fund (DHS)

 

WisdomTree U.S. LargeCap Dividend Fund (DLN)

 

WisdomTree U.S. MidCap Dividend Fund (DON)

 

WisdomTree U.S. MidCap Earnings 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 Earnings Fund (EES)

 

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

 

WisdomTree U.S. Total Dividend Fund (DTD)

WisdomTree U.S. Total Earnings Fund (EXT)

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

  

 

 

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Emerging Markets Dividend Fund (DVEM)

 

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

 

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Global ex-Mexico Equity Fund (XMX)

 

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 Global SmallCap Dividend Fund (GSD)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

WisdomTree Middle East Dividend Fund (GULF)

 

 

WisdomTree Dollar Sensitive Equity Funds

 

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

 

WisdomTree U.S. Domestic Economy Fund (WUSA)

WisdomTree U.S. Export and Multinational Fund (WEXP)

 

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

 

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

 

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

WisdomTree Europe Domestic Economy Fund (EDOM)

 

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

WisdomTree Global ex-U.S. Hedged Dividend Fund (DXUS)

 

WisdomTree Global ex-U.S. Hedged Real Estate Fund (HDRW)

 

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International Equity Fund (DWM)

 

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

 

WisdomTree International High Dividend Fund (DTH)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Health Care Fund (DXJH)

 

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

 

WisdomTree Japan Hedged Real Estate Fund (DXJR)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

  

 

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

WisdomTree Emerging Currency Strategy Fund (CEW)

 

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

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

WisdomTree Barclays Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG)

 

 

WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund (AGND)

 

WisdomTree Barclays Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree Negative Duration High Yield Bond Fund (HYND)

 

WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

 

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

 

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

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

 

 

WisdomTree Alternative Funds

 

WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW)

 

WisdomTree Continuous Commodity Index Fund (GCC)

 

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

 

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

WisdomTree Managed Futures Strategy Fund (WTMF)

 

 

WisdomTree Asset Allocation Funds

WisdomTree Balanced Income Fund (WBAL)


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The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with Foreside Fund Services, LLC, the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition, when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. High-yield or “junk” bonds have lower credit ratings and involve a greater risk to principal. While the Fundamental Fixed Income Funds attempt to limit credit and counterparty exposure, the value of an investment in the Funds may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.


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WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

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

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

WisdomTree Emerging Markets Dividend Fund (DVEM)

WisdomTree Europe Domestic Economy Fund (EDOM)

WisdomTree Global ex-Mexico Equity Fund (XMX)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

WisdomTree Global SmallCap Dividend Fund (GSD)

WisdomTree ICBCCS S&P China 500 Fund (WCHN)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

U.S. Equity ETFs:

WisdomTree U.S. Domestic Economy Fund (WUSA)

WisdomTree U.S. Export and Multinational Fund (WEXP)

Fixed Income ETFs:

WisdomTree Fundamental U.S. Corporate Bond Fund (WFIG)

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

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

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

Alternative ETFs:

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

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

Asset Allocation ETFs:

WisdomTree Balanced Income Fund (WBAL)

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-0504


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Item 2. Code of Ethics.

Not applicable.

 

Item 3. Audit Committee Financial Expert.

Not applicable.

 

Item 4. Principal Accountant Fees and Services.

Not applicable.

 

Item 5. Audit Committee of Listed registrants.

Not applicable.

 

Item 6. Investments.

 

(a) Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

 

(b) Not applicable.

 

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

 

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

 

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.


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Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, 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 registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies

Not applicable.

 

Item 13. Exhibits.

 

(a)(1)   Not applicable.
(a)(2)   Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.
(a)(3)   Not applicable.
(b)   Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)   WisdomTree Trust                                        
By (Signature and Title)   /s/ Jonathan Steinberg                                     
 

Jonathan L. Steinberg, President

(principal executive officer)

Date: March 7, 2018  

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)   /s/ Jonathan Steinberg                                     
 

Jonathan L. Steinberg, President

(principal executive officer)

Date: March 7, 2018  
By (Signature and Title)   /s/ David Castano                                            
 

David Castano, Treasurer

(principal financial officer)

Date: March 7, 2018