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: March 31

Date of reporting period: March 31, 2018

 

 

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

Developed World ex-U.S. and Currency Hedged Equity Funds

 

Annual Report

March 31, 2018

WisdomTree Australia Dividend Fund (AUSE)

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree Germany Hedged Equity Fund (DXGE)

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 Equity Fund (DXJ)

WisdomTree Japan Hedged Financials Fund (DXJF)

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)


Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1  

Performance Summaries (unaudited)

       4  

Description of Indexes (unaudited)

       23  

Shareholder Expense Examples (unaudited)

       26  
Schedules of Investments     

WisdomTree Australia Dividend Fund

       29  

WisdomTree Europe Hedged Equity Fund

       31  

WisdomTree Europe Hedged SmallCap Equity Fund

       35  

WisdomTree Europe Quality Dividend Growth Fund

       39  

WisdomTree Europe SmallCap Dividend Fund

       42  

WisdomTree Germany Hedged Equity Fund

       47  

WisdomTree International Dividend ex-Financials Fund

       50  

WisdomTree International Equity Fund

       52  

WisdomTree International Hedged Quality Dividend Growth Fund

       61  

WisdomTree International High Dividend Fund

       68  

WisdomTree International LargeCap Dividend Fund

       73  

WisdomTree International MidCap Dividend Fund

       77  

WisdomTree International Quality Dividend Growth Fund

       84  

WisdomTree International SmallCap Dividend Fund

       88  

WisdomTree Japan Hedged Equity Fund

       98  

WisdomTree Japan Hedged Financials Fund

       105  

WisdomTree Japan Hedged Quality Dividend Growth Fund

       107  

WisdomTree Japan Hedged SmallCap Equity Fund

       111  

WisdomTree Japan SmallCap Dividend Fund

       120  

Statements of Assets and Liabilities

       129  

Statements of Operations

       133  

Statements of Changes in Net Assets

       137  

Financial Highlights

       144  

Notes to Financial Statements

       154  

Report of Independent Registered Public Accounting Firm

       175  

Trustees and Officers Information (unaudited)

       177  

Supplemental Information (unaudited)

       179  

General Information (unaudited)

       180  

 

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


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited)

 

Market Environment Overview

International equity markets, as measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned 14.80% in the 12-month period that ended March 31, 2018 (the “period”), which outperformed the S&P 500 Index by 0.81%. Measured in local currency, the MSCI EAFE Index returned 5.34% over the period, lagging the return of the S&P 500 Index by 8.65%. It is important to note that when foreign currencies weaken or strengthen relative to the U.S. dollar, there is also an impact on the returns experienced by U.S. investors who invest overseas. Over the period, the U.S. dollar experienced significant depreciation (i.e. weakened) against most major currencies. In particular, the British pound, Japanese yen, and the Euro (which account for about 75% of the MSCI EAFE Index’s currency exposure) all experienced positive spot returns over the period against the U.S. dollar.

Ultimately, non-U.S. international equities saw fairly muted returns as a byproduct of appreciating local currencies and political uncertainties that surround these major markets, particularly in Europe. While the first half of the period could be characterized by a rebound in European economic activity and improving investor sentiment, geopolitical tension was on the rise in Europe due to elections in England, France, and Italy. In Japan, we continued to see momentum in economic growth through 2017 carry over into the first quarter of 2018. Unemployment fell to a 20 year low, as the manufacturing sector continued to expand. While there is some concern over domestic political shakeups, there continues to be a strong desire for the European nations to continue reforms aimed at boosting economic growth.

Mid-way through 2017, U.K. Prime Minister Theresa May called a snap-election in an effort to secure a larger parliamentary majority. Unfortunately for her party, the election resulted in a net reduction in Tory seats forcing her into a confidence and supply agreement with the Northern Irish Democratic Unionist Party. Outside of politics, the U.K. witnessed three straight reported quarters of positive, albeit small, GDP growth numbers. Employment has surged from the end of 2017 through the first quarter of 2018, as nominal wage growth picked up and price pressures are eased.

Mainland Europe (Eurozone) also saw three straight quarters of robust and improving economic data through 2017. However, the first quarter of 2018 saw a near-term reversal of this trend. While unemployment levels remained at multi-year lows, much of the recent economic data came in weaker than expected which has weighed on market sentiment. More recently, U.S. President Trump announced tariffs on steel and aluminum products, which increased volatility. In October 2017, Mario Draghi, President of the European Central Bank (ECB), announced that it would begin to methodically scale back its quantitative easing program, citing ‘broad and solid growth.’ While there was a muted reaction in markets to the announcement, many now wonder if interest rate hikes could occur sooner than investors originally anticipated. In local currency terms, all 11 sectors within the MSCI EAFE Index were positive over the period with the Telecommunication Services sector lagging while the Materials and Information Technology sectors were the strongest performers. The Energy sector was a strong performer as energy prices rebounded. A rise in the general commodity complex also served as a tailwind for Materials sector firms. In local currency terms, defensive sectors like Consumer Staples, Telecommunication Services, and Health Care were among the worst performing portions of the MSCI EAFE Index.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      1  


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (continued)

 

WisdomTree Funds’ Performance Overview

The following table reflects the WisdomTree Funds’ performance versus capitalization-weighted benchmark indexes:

 

Ticker   WisdomTree Fund   1-Year
NAV Return
  Performance Benchmark   1-Year
Return
       Difference

AUSE

  WisdomTree Australia Dividend Fund   3.29%   MSCI Pacific ex-Japan Value/MSCI Australia Spliced Index     1.42%        1.87%

HEDJ

  WisdomTree Europe Hedged Equity Fund   2.03%   MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index     2.21%        -0.18%

EUSC

  WisdomTree Europe Hedged SmallCap Equity Fund   9.88%   MSCI European and Monetary Union (EMU) Small Cap Local Currency Index     12.26%        -2.38%

EUDG

  WisdomTree Europe Quality Dividend Growth Fund   15.03%   MSCI Europe Index     14.49%        0.54%

DFE

  WisdomTree Europe SmallCap Dividend Fund   20.94%   MSCI Europe Small Cap Index     24.54%        -3.60%

DXGE

  WisdomTree Germany Hedged Equity Fund   4.63%   MSCI Germany Local Currency Index     -1.19%        5.82%

DOO

  WisdomTree International Dividend ex-Financials Fund   12.84%   MSCI EAFE Value Index     12.19%        0.65%

DWM

  WisdomTree International Equity Fund   13.61%   MSCI EAFE Index     14.80%        -1.19%

IHDG

  WisdomTree International Hedged Quality Dividend Growth Fund   9.05%   MSCI EAFE Local Currency Index     5.34%        3.71%

DTH

  WisdomTree International High Dividend Fund   11.12%   MSCI EAFE Value Index     12.19%        -1.07%

DOL

  WisdomTree International LargeCap Dividend Fund   12.41%   MSCI EAFE Index     14.80%        -2.39%

DIM

  WisdomTree International MidCap Dividend Fund   16.87%   MSCI EAFE Mid Cap Index     18.07%        -1.20%

IQDG

  WisdomTree International Quality Dividend Growth Fund   18.33%   MSCI EAFE Index     14.80%        3.53%

DLS

  WisdomTree International SmallCap Dividend Fund   19.91%   MSCI EAFE Small Cap Index     23.49%        -3.58%

DXJ

  WisdomTree Japan Hedged Equity Fund   13.45%   MSCI Japan/MSCI Japan Local Currency Spliced Index     14.19%        -0.74%

DXJF

  WisdomTree Japan Hedged Financials Fund   4.44%   MSCI Japan Local Currency Index     14.19%        -9.75%

JHDG

  WisdomTree Japan Hedged Quality Dividend Growth Fund   15.56%   JPX-Nikkei 400 Local Currency Index     14.31%        1.25%

DXJS

  WisdomTree Japan Hedged SmallCap Equity Fund   20.42%   MSCI Japan Small Cap Local Currency Index     19.79%        0.63%

DFJ

  WisdomTree Japan SmallCap Dividend Fund   23.84%   MSCI Japan Small Cap Index     25.51%        -1.67%

WisdomTree’s international dividend-weighted funds are designed to track indexes based on the dividend stream generated by the companies included in the index. The dividend stream is defined as the sum of all dividends paid over the prior 12 months for each company. There are two primary factors that drive performance differentials versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors or countries. The second is stock selection within each sector or country. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend stream.

WisdomTree’s best performing fund for the period was the WisdomTree Japan SmallCap Dividend Fund (DFJ) which returned 23.84% based on NAV. This strategy underperformed its benchmark, the MSCI Japan Small Cap Index by 1.67%. Small-cap companies in Japan have been some of the top beneficiaries of a growing Japanese economy, and by being unhedged, DFJ generated additional total return from local

 

2   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (continued)

 

currency appreciation against the U.S. dollar. The best relative outperformer in the suite was the WisdomTree Germany Hedged Equity Fund (DXGE), which outperformed the MSCI Germany Local Currency Index by 5.82% during the period based on NAV. This was due in large part from its overweight in the Consumer Discretionary sector, and its underweights in the Telecommunication Services and Consumer Staples sectors.

By and large, the vast majority of WisdomTree small-cap strategies have continued to perform favorably over the period and outperform their large-cap counterparts. Such strong small-cap performers are the WisdomTree Japan SmallCap Dividend Fund (DFJ), WisdomTree Europe SmallCap Dividend Fund (DFE), the WisdomTree International SmallCap Dividend Fund (DLS), the WisdomTree Japan Hedged SmallCap Equity Fund (DXJS), and the WisdomTree Europe Hedged SmallCap Equity Fund (EUSC), respectively returning 23.84%, 20.94%, 19.91%, 20.42%, and 9.88%. Small-cap equities came into focus in these markets as fears of recession and economic slowdowns from earlier in the period gave way to renewed emphasis on reflation and growth. Given the volatile environment for equities over the period, the fundamental screens for “return on equity” and “return on assets” helped these funds outperform.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 23-25 for the list of index descriptions.

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

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      3  


Table of Contents

Performance Summary (unaudited)

WisdomTree Australia Dividend Fund (AUSE)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    23.5%  

Consumer Discretionary

    16.3%  

Materials

    13.4%  

Industrials

    11.3%  

Consumer Staples

    10.6%  

Health Care

    8.2%  

Information Technology

    6.2%  

Telecommunication Services

    4.8%  

Energy

    3.8%  

Utilities

    1.1%  

Other Assets less Liabilities

    0.8%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Tabcorp Holdings Ltd.

    3.9%  

Harvey Norman Holdings Ltd.

    3.8%  

National Australia Bank Ltd.

    2.9%  

Macquarie Group Ltd.

    2.9%  

Flight Centre Travel Group Ltd.

    2.8%  

Fortescue Metals Group Ltd.

    2.7%  

Westpac Banking Corp.

    2.7%  

AMP Ltd.

    2.5%  

Australia & New Zealand Banking Group Ltd.

    2.5%  

Crown Resorts Ltd.

    2.4%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Australia Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Australia Dividend Index.

The Fund returned 3.29% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in Materials, which contributed positively to performance. The Fund’s position in Telecommunication Services detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       3.29      4.86      1.00      4.10      6.27

Fund Market Price Returns

       4.02      5.57      1.07      4.12      6.35

WisdomTree Pacific ex-Japan Equity Income/Australia Dividend Spliced Index2

       3.63      5.35      1.39      4.52      6.76

MSCI Pacific ex-Japan Value/MSCI Australia Spliced Index3

       1.42      3.09      0.83      3.77      5.61
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2 

WisdomTree Pacific ex-Japan Equity Income Index through June 17, 2011; WisdomTree Australia Dividend Index thereafter.

3 

MSCI Pacific ex-Japan Value Index through June 17, 2011; MSCI Australia Index thereafter.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Staples

    19.4%  

Consumer Discretionary

    19.0%  

Industrials

    15.2%  

Financials

    12.2%  

Materials

    11.7%  

Health Care

    9.4%  

Information Technology

    7.1%  

Telecommunication Services

    4.1%  

Energy

    1.5%  

Utilities

    0.1%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 3/31/18

 

Description   % of Net Assets  

Anheuser-Busch InBev S.A.

    5.6%  

Banco Santander S.A.

    4.7%  

Daimler AG, Registered Shares

    4.4%  

Telefonica S.A.

    4.1%  

Banco Bilbao Vizcaya Argentaria S.A.

    4.0%  

Unilever N.V., CVA

    3.9%  

Sanofi

    3.7%  

LVMH Moet Hennessy Louis Vuitton SE

    3.3%  

BASF SE

    3.2%  

Siemens AG, Registered Shares

    3.0%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Europe Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index.

The Fund returned 2.03% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in France, which had positive returns. The Fund’s position in Austria detracted from performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset euro currency exposure from positions in European equities. The Fund’s use of forward foreign currency contracts detracted from Fund performance as a result of the U.S. dollar weakening against the euro during the fiscal year. The Fund also utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with the Fund’s investment objective as part of its annual portfolio rebalance. The Fund’s use of equity futures contracts contributed positively to Fund performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

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

Fund NAV Returns

       2.03      2.97      9.40      7.61

Fund Market Price Returns

       2.13      3.02      9.29      7.63

WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index2

       2.35      3.47      9.85      8.11

MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index3

       2.21      1.87      9.56      6.98
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 31, 2009.

2 

WisdomTree DEFA International Hedged Equity Index through August 29, 2012; WisdomTree Europe Hedged Equity Index thereafter.

3 

MSCI EAFE Local Currency Index through August 29, 2012; MSCI EMU Local Currency Index thereafter.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds      5  


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Industrials

    23.1%  

Financials

    18.5%  

Consumer Discretionary

    15.6%  

Utilities

    9.1%  

Materials

    7.8%  

Consumer Staples

    5.7%  

Information Technology

    5.3%  

Real Estate

    5.1%  

Telecommunication Services

    4.2%  

Energy

    2.6%  

Health Care

    2.4%  

Other Assets less Liabilities

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

UnipolSai Assicurazioni SpA

    1.9%  

ASR Nederland N.V.

    1.5%  

FinecoBank Banca Fineco SpA

    1.4%  

bpost S.A.

    1.4%  

Edenred

    1.3%  

Nokian Renkaat Oyj

    1.3%  

Hugo Boss AG

    1.3%  

UNIQA Insurance Group AG

    1.2%  

LEG Immobilien AG

    1.2%  

Eutelsat Communications 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 Europe Hedged SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged SmallCap Equity Index.

The Fund returned 9.88% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in Italy while its position in Ireland contributed least positively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset euro currency exposure from positions in European equities. The Fund’s use of forward foreign currency contracts detracted from Fund performance as a result of the U.S. dollar weakening against the euro during the fiscal year.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       9.88      8.72      10.01

Fund Market Price Returns

       9.94      8.71      9.68

WisdomTree Europe Hedged SmallCap Equity Index

       9.52      8.91      10.17

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

       12.26      8.96      10.30
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on March 4, 2015.

 

LOGO

Performance is historical and does not guarantee future results. 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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    20.1%  

Industrials

    19.8%  

Consumer Staples

    19.0%  

Health Care

    16.1%  

Information Technology

    10.8%  

Materials

    6.5%  

Financials

    4.1%  

Real Estate

    2.1%  

Telecommunication Services

    0.6%  

Energy

    0.5%  

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 3/31/18

 

Description   % of Net Assets  

Roche Holding AG, Genusschein

    5.5%  

Novo Nordisk A/S, Class B

    4.9%  

British American Tobacco PLC

    3.6%  

Unilever N.V., CVA

    3.5%  

LVMH Moet Hennessy Louis Vuitton SE

    3.1%  

SAP SE

    3.0%  

Diageo PLC

    3.0%  

Unilever PLC

    2.4%  

Airbus SE

    2.4%  

ABB Ltd., Registered Shares

    2.3%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Europe Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Quality Dividend Growth Index.

The Fund returned 15.03% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Germany contributed to performance while its position in Austria detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       15.03      6.26      3.03

Fund Market Price Returns

       15.49      6.38      3.07

WisdomTree Europe Quality Dividend Growth Index

       15.68      6.80      3.52

MSCI Europe Index

       14.49      4.79      1.67
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014.

 

LOGO

Performance is historical and does not guarantee future results. 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 Developed World ex-U.S. and Currency Hedged Equity Funds      7  


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Industrials

    24.4%  

Consumer Discretionary

    16.2%  

Financials

    14.7%  

Information Technology

    8.5%  

Materials

    8.0%  

Consumer Staples

    7.4%  

Real Estate

    6.6%  

Utilities

    3.9%  

Energy

    3.8%  

Telecommunication Services

    2.8%  

Health Care

    2.6%  

Investment Company

    0.4%  

Other Assets less Liabilities

    0.7%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

AURELIUS Equity Opportunities SE & Co. KGaA

    1.2%  

ERG SpA

    1.1%  

Enav SpA

    1.0%  

GAM Holding AG

    1.0%  

Tieto Oyj

    0.9%  

BE Semiconductor Industries N.V.

    0.9%  

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

    0.9%  

Sonae, SGPS, S.A.

    0.9%  

Gaztransport Et Technigaz S.A.

    0.8%  

Vedanta Resources PLC

    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 SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index.

The Fund returned 20.94% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in United Kingdom contributed to performance while its position in Ireland created a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       20.94      11.18      14.04      6.21      7.26

Fund Market Price Returns

       21.70      11.43      14.30      6.29      7.21

WisdomTree Europe SmallCap Dividend Index

       21.32      11.75      14.96      6.92      7.80

MSCI Europe Small Cap Index

       24.54      11.88      12.65      6.64      7.57
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Germany Hedged Equity Fund (DXGE)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    25.3%  

Industrials

    18.2%  

Financials

    17.5%  

Materials

    14.7%  

Health Care

    6.8%  

Information Technology

    5.5%  

Utilities

    4.9%  

Telecommunication Services

    4.2%  

Consumer Staples

    2.3%  

Other Assets less Liabilities

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Allianz SE, Registered Shares

    6.4%  

Daimler AG, Registered Shares

    6.0%  

Bayerische Motoren Werke AG

    5.6%  

BASF SE

    5.5%  

Siemens AG, Registered Shares

    4.7%  

Deutsche Telekom AG, Registered Shares

    4.2%  

Bayer AG, Registered Shares

    4.1%  

Muenchener Rueckversicherungs - Gesellschaft AG, Registered Shares

    4.0%  

Deutsche Post AG, Registered Shares

    4.0%  

SAP SE

    3.7%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Germany Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Germany Hedged Equity Index.

The Fund returned 4.63% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Consumer Discretionary contributed positively to performance while its position in Telecommunication Services contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset euro currency exposure from positions in German equities. The Fund’s use of forward foreign currency contracts detracted from Fund performance as a result of the U.S. dollar weakening against the euro during the fiscal year.

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 August 1, 2017, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       4.63      3.43      9.14

Fund Market Price Returns

       4.84      3.60      9.01

WisdomTree Germany Hedged Equity Index

       4.83      3.66      9.37

MSCI Germany Local Currency Index

       -1.19      0.04      7.05
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on October 17, 2013.

 

LOGO

Performance is historical and does not guarantee future results. 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 Developed World ex-U.S. and Currency Hedged Equity Funds      9  


Table of Contents

Performance Summary (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Utilities

    15.3%  

Energy

    14.9%  

Telecommunication Services

    14.1%  

Industrials

    11.6%  

Materials

    10.5%  

Consumer Discretionary

    10.4%  

Health Care

    8.3%  

Consumer Staples

    8.0%  

Information Technology

    6.2%  

Investment Company

    0.1%  

Other Assets less Liabilities

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Electricite de France S.A.

    2.9%  

Royal Dutch Shell PLC, Class A

    2.2%  

Telenor ASA

    2.1%  

Engie S.A.

    2.1%  

BP PLC

    1.9%  

Statoil ASA

    1.9%  

Telia Co. AB

    1.8%  

Eni SpA

    1.7%  

Enel SpA

    1.6%  

Daimler AG, Registered Shares

    1.6%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree International Dividend ex-Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index.

The Fund returned 12.84% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in France, which contributed positively to performance. The Fund’s position in Israel detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       12.84      3.43      4.67      1.05      3.32

Fund Market Price Returns

       13.07      3.55      4.74      1.07      3.26

WisdomTree International Dividend Top 100/International Dividend ex-Financials Spliced Index

       13.08      3.74      4.98      1.14      3.53

MSCI EAFE Value Index

       12.19      4.29      5.78      1.97      3.08
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International Equity Fund (DWM)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    22.3%  

Industrials

    12.9%  

Consumer Discretionary

    12.1%  

Consumer Staples

    9.3%  

Energy

    9.2%  

Health Care

    8.0%  

Telecommunication Services

    7.1%  

Materials

    6.4%  

Utilities

    5.9%  

Information Technology

    3.6%  

Real Estate

    2.6%  

Investment Company

    0.0%

Other Assets less Liabilities

    0.6%  

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Royal Dutch Shell PLC, Class A

    1.7%  

HSBC Holdings PLC

    1.6%  

BP PLC

    1.5%  

Royal Dutch Shell PLC, Class B

    1.5%  

Toyota Motor Corp.

    1.3%  

TOTAL S.A.

    1.3%  

Novartis AG, Registered Shares

    1.3%  

Nestle S.A., Registered Shares

    1.2%  

Anheuser-Busch InBev S.A.

    1.2%  

China Mobile Ltd.

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

The WisdomTree International Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Equity Index.

The Fund returned 13.61% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited most from its investment in Japan, which contributed positively to performance. The Fund’s position in Australia was a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       13.61      5.26      6.46      2.55      4.35

Fund Market Price Returns

       13.58      5.32      6.39      2.52      4.37

WisdomTree International Equity Index

       14.16      5.60      6.70      2.87      4.69

MSCI EAFE Index

       14.80      5.55      6.50      2.74      4.06
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds      11  


Table of Contents

Performance Summary (unaudited)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    19.7%  

Consumer Staples

    18.6%  

Health Care

    18.5%  

Industrials

    17.6%  

Information Technology

    11.9%  

Materials

    5.0%  

Financials

    3.5%  

Real Estate

    3.4%  

Telecommunication Services

    0.8%  

Energy

    0.5%  

Other Assets less Liabilities

    0.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Roche Holding AG, Genusschein

    5.1%  

Novo Nordisk A/S, Class B

    5.0%  

Unilever N.V., CVA

    4.2%  

LVMH Moet Hennessy Louis Vuitton SE

    3.5%  

Airbus SE

    3.2%  

British American Tobacco PLC

    3.1%  

Diageo PLC

    2.7%  

Unilever PLC

    2.4%  

China Overseas Land & Investment Ltd.

    2.3%  

Industria de Diseno Textil S.A.

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

The WisdomTree International Hedged Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Hedged Quality Dividend Growth Index.

The Fund returned 9.05% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete performance information please see table below). The Fund’s position in the Netherlands contributed positively to performance while its position in Israel contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset applicable international currency exposure from positions in international equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the overall depreciation in the U.S. dollar against applicable international currencies during the fiscal year. The Fund also utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with the Fund’s investment objective as part of its annual portfolio rebalance. The Fund’s use of equity futures contracts contributed positively to Fund performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       9.05      6.67      8.38

Fund Market Price Returns

       9.17      6.73      8.26

WisdomTree International Hedged Quality Dividend Growth Index

       10.12      7.37      9.10

MSCI EAFE Local Currency Index

       5.34      3.36      6.90
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on May 7, 2014.

 

LOGO

Performance is historical and does not guarantee future results. 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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International High Dividend Fund (DTH)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    23.2%  

Energy

    13.1%  

Consumer Discretionary

    10.3%  

Telecommunication Services

    10.0%  

Industrials

    9.6%  

Utilities

    8.9%  

Health Care

    8.1%  

Consumer Staples

    6.5%  

Materials

    5.8%  

Real Estate

    2.4%  

Information Technology

    1.5%  

Investment Company

    0.1%  

Other Assets less Liabilities

    0.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Royal Dutch Shell PLC, Class A

    3.1%  

BP PLC

    2.7%  

Toyota Motor Corp.

    2.3%  

TOTAL S.A.

    2.3%  

Novartis AG, Registered Shares

    2.3%  

Anheuser-Busch InBev S.A.

    2.0%  

HSBC Holdings PLC

    2.0%  

China Mobile Ltd.

    1.8%  

Roche Holding AG, Genusschein

    1.6%  

GlaxoSmithKline PLC

    1.4%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree International High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International High Dividend Index.

The Fund returned 11.12% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete performance information please see the table below). The Fund benefited most from its investment in France, which contributed positively to performance. The Fund’s position in Australia was a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       11.12      4.04      5.35      1.61      3.30

Fund Market Price Returns

       11.41      4.34      5.37      1.65      3.31

WisdomTree International High Dividend Index

       11.24      4.27      5.62      1.92      3.81

MSCI EAFE Value Index

       12.19      4.29      5.78      1.97      3.08
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds      13  


Table of Contents

Performance Summary (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    23.6%  

Energy

    12.2%  

Consumer Staples

    10.5%  

Consumer Discretionary

    10.3%  

Health Care

    9.8%  

Industrials

    9.3%  

Telecommunication Services

    9.0%  

Utilities

    5.3%  

Materials

    4.9%  

Information Technology

    2.9%  

Real Estate

    1.4%  

Investment Company

    0.2%  

Other Assets less Liabilities

    0.6%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 3/31/18

 

Description   % of Net Assets  

Royal Dutch Shell PLC, Class A

    2.5%  

BP PLC

    2.2%  

HSBC Holdings PLC

    2.2%  

Royal Dutch Shell PLC, Class B

    2.1%  

Toyota Motor Corp.

    1.9%  

TOTAL S.A.

    1.9%  

Novartis AG, Registered Shares

    1.9%  

Nestle S.A., Registered Shares

    1.8%  

Anheuser-Busch InBev S.A.

    1.7%  

China Mobile Ltd.

    1.5%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree International LargeCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index.

The Fund returned 12.41% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete performance information please see the table below). The Fund benefited from its investment in France, which contributed positively to performance. The Fund’s position in Australia detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       12.41      4.00      5.36      1.86      3.67

Fund Market Price Returns

       13.18      4.21      5.40      1.90      3.66

WisdomTree International LargeCap Dividend Index

       12.57      4.24      5.65      2.03      3.98

MSCI EAFE Index

       14.80      5.55      6.50      2.74      4.06
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Industrials

    19.6%  

Financials

    19.1%  

Consumer Discretionary

    15.6%  

Materials

    10.4%  

Utilities

    8.3%  

Consumer Staples

    6.4%  

Real Estate

    6.3%  

Information Technology

    4.9%  

Health Care

    3.6%  

Telecommunication Services

    3.0%  

Energy

    2.2%  

Investment Company

    0.0%

Other Assets less Liabilities

    0.6%  

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Fortum Oyj

    1.2%  

Standard Life Aberdeen PLC

    0.6%  

Aegon N.V.

    0.6%  

Marine Harvest ASA

    0.6%  

EDP - Energias de Portugal S.A.

    0.6%  

NN Group N.V.

    0.5%  

Neste Oyj

    0.5%  

Fortescue Metals Group Ltd.

    0.5%  

Poste Italiane SpA

    0.5%  

Centrica PLC

    0.5%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree International MidCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index.

The Fund returned 16.87% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund’s position in Japan contributed to performance while its position in Israel detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       16.87      8.07      8.82      4.42      6.02

Fund Market Price Returns

       17.17      8.28      8.88      4.50      6.03

WisdomTree International MidCap Dividend Index

       17.51      8.39      9.23      4.54      6.21

MSCI EAFE Mid Cap Index

       18.07      8.20      8.96      4.10      5.10
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds      15  


Table of Contents

Performance Summary (unaudited)

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

Sector Breakdown as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    19.5%  

Consumer Staples

    18.7%  

Health Care

    18.4%  

Industrials

    17.7%  

Information Technology

    11.9%  

Materials

    5.1%  

Real Estate

    3.5%  

Financials

    3.5%  

Telecommunication Services

    0.7%  

Energy

    0.4%  

Other Assets less Liabilities

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Novo Nordisk A/S, Class B

    5.1%  

Roche Holding AG, Genusschein

    4.9%  

Unilever N.V., CVA

    4.1%  

LVMH Moet Hennessy Louis Vuitton SE

    3.4%  

Airbus SE

    3.1%  

British American Tobacco PLC

    3.0%  

Diageo PLC

    2.9%  

Unilever PLC

    2.4%  

Industria de Diseno Textil S.A.

    2.3%  

China Overseas Land & Investment Ltd.

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

The WisdomTree International Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Quality Dividend Growth Index.

The Fund returned 18.33% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund’s position in the Netherlands contributed positively to performance while its position in Israel contributed most negatively to performance.

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 August 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 July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       18.33      12.70

Fund Market Price Returns

       18.84      13.36

WisdomTree International Quality Dividend Growth Index

       18.48      13.07

MSCI EAFE Index

       14.80      14.89
1 

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

 

LOGO

Performance is historical and does not guarantee future results. 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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown as of 3/31/18

 

Sector   % of Net Assets  

Industrials

    22.8%  

Consumer Discretionary

    19.1%  

Financials

    12.9%  

Materials

    9.5%  

Information Technology

    8.9%  

Real Estate

    7.2%  

Consumer Staples

    6.8%  

Health Care

    4.3%  

Utilities

    2.9%  

Energy

    2.9%  

Telecommunication Services

    1.7%  

Investment Company

    0.4%  

Other Assets less Liabilities

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Venture Corp., Ltd.

    0.9%  

UNIQA Insurance Group AG

    0.7%  

Seven Group Holdings Ltd.

    0.7%  

BE Semiconductor Industries N.V.

    0.5%  

Flight Centre Travel Group Ltd.

    0.5%  

Air New Zealand Ltd.

    0.5%  

Austevoll Seafood ASA

    0.5%  

Pagegroup PLC

    0.5%  

Vedanta Resources PLC

    0.5%  

Genesis Energy Ltd.

    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 International SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index.

The Fund returned 19.91% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund’s position in Japan contributed positively to performance while its position in Belgium contributed negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since Inception1  

Fund NAV Returns

       19.91      11.89      10.02      6.02      7.06

Fund Market Price Returns

       20.33      12.19      10.18      6.02      7.08

WisdomTree International SmallCap Dividend Index

       19.72      12.22      10.53      6.58      7.49

MSCI EAFE Small Cap Index

       23.49      12.25      11.10      6.48      6.35
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds      17  


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    24.9%  

Industrials

    22.6%  

Information Technology

    13.2%  

Financials

    12.3%  

Health Care

    9.1%  

Materials

    8.8%  

Consumer Staples

    7.1%  

Telecommunication Services

    0.6%  

Utilities

    0.2%  

Energy

    0.2%  

Other Assets less Liabilities

    1.0%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Toyota Motor Corp.

    5.4%  

Mitsubishi UFJ Financial Group, Inc.

    3.4%  

Sumitomo Mitsui Financial Group, Inc.

    3.1%  

Nissan Motor Co., Ltd.

    3.0%  

Canon, Inc.

    2.8%  

Japan Tobacco, Inc.

    2.8%  

Honda Motor Co., Ltd.

    2.8%  

Mizuho Financial Group, Inc.

    2.5%  

Mitsubishi Corp.

    2.2%  

Takeda Pharmaceutical Co., Ltd.

    1.9%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Japan Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. The Fund seeks to provide Japanese equity returns while mitigating or ‘‘hedging’’ against fluctuations between the value of the Japanese yen and the U.S. dollar.

The Fund returned 13.45% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund benefited the most from its investment in Industrials. The Fund’s position in Energy contributed least positively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the U.S. dollar weakening against the Japanese yen during the fiscal year.

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 August 1, 2017, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       13.45      3.98      10.53      4.78      3.80

Fund Market Price Returns

       13.46      4.10      10.46      4.81      3.86

WisdomTree Japan Dividend/Japan Hedged Equity Spliced Index

       14.12      4.83      11.44      5.15      4.14

MSCI Japan/MSCI Japan Local Currency Spliced Index

       14.19      4.11      11.64      5.39      4.21
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Financials Fund (DXJF)

 

Industry Breakdown† as of 3/31/18

 

Industry   % of Net Assets  

Banks

    49.5%  

Insurance

    28.4%  

Capital Markets

    12.6%  

Diversified Financial Services

    4.3%  

Consumer Finance

    3.8%  

Other Assets less Liabilities

    1.4%  

Total

    100.0%  

 

The Fund’s industry 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).

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Tokio Marine Holdings, Inc.

    9.2%  

Sompo Holdings, Inc.

    4.6%  

MS&AD Insurance Group Holdings, Inc.

    4.3%  

Sumitomo Mitsui Trust Holdings, Inc.

    4.3%  

Dai-ichi Life Holdings, Inc.

    4.3%  

Sumitomo Mitsui Financial Group, Inc.

    4.2%  

Mitsubishi UFJ Financial Group, Inc.

    4.0%  

Nomura Holdings, Inc.

    3.9%  

Mizuho Financial Group, Inc.

    3.9%  

Resona Holdings, Inc.

    3.3%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Japan Hedged Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Financials Index.

The Fund returned 4.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund’s position in Tokio Marine Holdings, Inc. contributed to performance while its position in Suruga Bank Ltd. detracted from performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the U.S. dollar weakening against the Japanese yen during the fiscal year.

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 August 1, 2017, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       4.44      -1.47      4.79

Fund Market Price Returns

       5.72      -0.98      5.65

WisdomTree Japan Hedged Financials Index

       5.56      -0.65      5.75

MSCI Japan Local Currency Index

       14.19      4.11      10.85
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 8, 2014.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds      19  


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

 

Sector Breakdown as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    24.8%  

Industrials

    20.7%  

Information Technology

    11.8%  

Consumer Staples

    10.8%  

Telecommunication Services

    9.6%  

Health Care

    8.2%  

Materials

    8.0%  

Real Estate

    3.0%  

Financials

    1.8%  

Utilities

    0.3%  

Energy

    0.0%

Other Assets less Liabilities

    1.0%  

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

NTT DOCOMO, Inc.

    4.9%  

Toyota Motor Corp.

    4.7%  

KDDI Corp.

    3.8%  

Japan Tobacco, Inc.

    3.6%  

Nissan Motor Co., Ltd.

    3.4%  

ITOCHU Corp.

    2.4%  

Denso Corp.

    2.0%  

FANUC Corp.

    1.9%  

Bridgestone Corp.

    1.8%  

Subaru Corp.

    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 Japan Hedged Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Quality Dividend Growth Index.

The Fund returned 15.56% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund benefited from its investment in Industrials while its position in Energy contributed least positively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the U.S. dollar weakening against the Japanese yen during the fiscal year.

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 August 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 July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      Since
Inception1
 

Fund NAV Returns

       15.56      4.76

Fund Market Price Returns

       15.45      4.72

WisdomTree Japan Hedged Quality Dividend Growth Index

       15.70      5.13

JPX-Nikkei 400 Local Currency Index

       14.31      3.40
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on April 9, 2015.

 

LOGO

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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Industrials

    25.9%  

Consumer Discretionary

    22.1%  

Materials

    11.7%  

Information Technology

    11.2%  

Financials

    10.5%  

Consumer Staples

    6.9%  

Health Care

    5.1%  

Real Estate

    3.6%  

Energy

    1.2%  

Utilities

    0.8%  

Other Assets less Liabilities

    1.0%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

SBI Holdings, Inc.

    1.0%  

Sojitz Corp.

    0.7%  

Sankyo Co., Ltd.

    0.7%  

Aoyama Trading Co., Ltd.

    0.6%  

Yokohama Rubber Co., Ltd. (The)

    0.6%  

Open House Co., Ltd.

    0.5%  

Showa Denko K.K.

    0.5%  

Canon Marketing Japan, Inc.

    0.5%  

Matsui Securities Co., Ltd.

    0.5%  

K’s Holdings Corp.

    0.5%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Japan Hedged SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged SmallCap Equity Index.

The Fund returned 20.42% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund benefited from its position in Industrials. The Fund’s position in Utilities contributed negatively to performance. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the U.S. dollar weakening against the Japanese yen during the fiscal year.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year        3 Year        Since
Inception1
 

Fund NAV Returns

       20.42        12.10        15.37

Fund Market Price Returns

       20.29        12.11        15.23

WisdomTree Japan Hedged SmallCap Equity Index

       21.25        12.93        16.40

MSCI Japan Small Cap Local Currency Index

       19.79        10.54        15.35
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on June 28, 2013.

 

LOGO

Performance is historical and does not guarantee future results. 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 Developed World ex-U.S. and Currency Hedged Equity Funds      21  


Table of Contents

Performance Summary (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Industrials

    26.1%  

Consumer Discretionary

    22.0%  

Materials

    11.8%  

Information Technology

    11.1%  

Financials

    10.4%  

Consumer Staples

    7.0%  

Health Care

    4.9%  

Real Estate

    3.6%  

Energy

    1.2%  

Utilities

    0.8%  

Investment Company

    0.0%

Other Assets less Liabilities

    1.1%  

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

SBI Holdings, Inc.

    1.0%  

Sankyo Co., Ltd.

    0.8%  

Sojitz Corp.

    0.6%  

Yokohama Rubber Co., Ltd. (The)

    0.6%  

Aoyama Trading Co., Ltd.

    0.5%  

Showa Denko K.K.

    0.5%  

Leopalace21 Corp.

    0.5%  

Tokai Tokyo Financial Holdings, Inc.

    0.5%  

Open House Co., Ltd.

    0.5%  

Canon Marketing Japan, Inc.

    0.5%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

The WisdomTree Japan SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index.

The Fund returned 23.84% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see the table below). The Fund benefited most from its position in Industrials. The Fund’s position in Utilities contributed least positively to performance. The Fund also utilized equity futures contracts on a temporary basis during the fiscal year to obtain market exposure consistent with the Fund’s investment objective as part of its annual portfolio rebalance. The Fund’s use of equity futures contracts contributed positively to Fund performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       23.84      16.22      12.57      8.15      5.78

Fund Market Price Returns

       24.03      16.38      12.58      8.16      5.95

WisdomTree Japan SmallCap Dividend Index

       25.09      16.97      13.45      8.93      6.50

MSCI Japan Small Cap Index

       25.51      15.05      12.51      8.00      4.78
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

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.

 

22   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this report:

The JPX-Nikkei 400 Local Currency Index is a free-float adjusted market capitalization index composed of Japanese companies whose main market is the TSE First Section, Second Section, Mothers or JASDAQ market (in principal), calculated in local currency.

The MSCI Australia Index is comprised of large- and mid-capitalization segments of the Australia market.

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 Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets excluding the U.S. & Canada.

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

The MSCI EAFE Value Index is comprised of value stocks in the MSCI EAFE Index.

The MSCI Europe Index is a free float-adjusted market capitalization index that is designed to measure the performance of large- and mid-cap stocks within 15 developed market European countries.

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

The MSCI European Economic and Monetary Union (EMU) Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.

The MSCI European Economic and Monetary Union (EMU) Small Cap Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of small-cap stocks from developed market countries within the EMU. The securities are priced in local currency terms with no conversion into U.S. dollars.

The MSCI Germany Local Currency Index is a capitalization weighted index that measures the performance of the Germany equity market and provides local currency returns, which are not translated back to U.S. dollars.

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

The MSCI Japan Local Currency Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan and calculated in local currency.

The MSCI Japan Small Cap Index is comprised of small cap stocks in the MSCI Japan Index.

The MSCI Japan Small Cap Local Currency Index is a free float-adjusted market capitalization index that is designed to measure the performance of small cap stocks within Japan and calculated in local currency.

The MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index that is comprised of stocks in Australia, Hong Kong, Singapore and New Zealand.

The MSCI Pacific ex-Japan Value Index is comprised of value stocks in the MSCI Pacific ex-Japan Index.

The WisdomTree Australia Dividend Index is comprised of dividend-paying companies incorporated in Australia.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      23  


Table of Contents

Description of Indexes (unaudited) (continued)

 

The WisdomTree DEFA International Hedged Equity Index is comprised of dividend-paying companies in the industrialized world, excluding Canada and the United States, and is designed to neutralize exposure to fluctuations between the value of the U.S. dollar and non-U.S. currencies reflected in the index. This index is based on the WisdomTree International Equity Index.

The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the U.S. dollar.

The WisdomTree Europe Hedged SmallCap Equity Index is a dividend weighted index designed to provide exposure to small cap equity securities within Europe, while at the same time neutralizing exposure to fluctuations between the value of the Euro and the U.S. dollar.

The WisdomTree Europe Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index.

The WisdomTree Europe SmallCap Dividend Index is comprised of the small-capitalization segment of the European dividend-paying market.

The WisdomTree Germany Hedged Equity Index is designed to provide exposure to Germany equity markets while at the same time neutralizing exposure to fluctuations of the Euro movements relative to the U.S. dollar. In this sense, the Index “hedges” against fluctuations in the relative value of the Euro against the U.S. dollar.

The WisdomTree International Dividend ex-Financials Index is comprised of high dividend-yielding international stocks outside the financial sector.

The WisdomTree International Dividend Top 100 Index is comprised of the 100 highest dividend-yielding companies in the WisdomTree International LargeCap Dividend Index.

The WisdomTree International Equity Index is comprised of dividend-paying companies in the industrialized world, excluding Canada and the United States.

The WisdomTree International Hedged Quality Dividend Growth Index is designed to provide exposure to the developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar.

The WisdomTree International High Dividend Index is comprised of companies with high dividend yields selected from the WisdomTree International Equity Index.

The WisdomTree International LargeCap Dividend Index is comprised of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International MidCap Dividend Index is comprised of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International Quality Dividend Growth Index is a fundamentally weighted index designed to provide exposure to dividend paying developed market companies.

The WisdomTree International SmallCap Dividend Index is comprised of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree Japan Dividend Index is comprised of dividend-paying companies incorporated in Japan, listed on the Tokyo Stock Exchange and that meet other requirements necessary to be included in the WisdomTree International Equity Index.

The WisdomTree Japan Hedged Equity Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar. This index is based on the WisdomTree Japan Dividend Index.

 

24   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Description of Indexes (unaudited) (concluded)

 

The WisdomTree Japan Hedged Financials Index is designed to provide exposure to Japanese financial companies while at the same time neutralizing exposure to fluctuations between the Yen and the U.S. dollar.

The WisdomTree Japan Hedged Quality Dividend Growth Index is a fundamentally weighted index that measures the performance of dividend-paying common stocks with growth characteristics selected from the WisdomTree International Equity Index while at the same time neutralizing exposure to fluctuations between the Yen and the U.S. dollar.

The WisdomTree Japan Hedged SmallCap Equity Index is designed to provide exposure to the small-capitalization segment of the Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar.

The WisdomTree Japan SmallCap Dividend Index is comprised of dividend-paying small-capitalization companies in Japan.

The WisdomTree Pacific ex-Japan Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Pacific ex-Japan Dividend Index.

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

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

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

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

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      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 October 1, 2017 to March 31, 2018.

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 10/1/17 to 3/31/18” 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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Shareholder Expense Examples (unaudited) (continued)

 

      Beginning
Account Value
10/1/17
     Ending
Account Value
3/31/18
     Annualized
Expense Ratio
Based on the
Period
10/1/17 to
3/31/18
    Expenses Paid
During the
Period†
10/1/17 to
3/31/18
 

WisdomTree Australia Dividend Fund

          

Actual

   $ 1,000.00      $ 1,018.70        0.58   $ 2.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Europe Hedged Equity Fund

          

Actual

   $ 1,000.00      $ 973.00        0.58   $ 2.85  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Europe Hedged SmallCap Equity Fund

          

Actual

   $ 1,000.00      $ 996.40        0.58   $ 2.89  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Europe Quality Dividend Growth Fund

          

Actual

   $ 1,000.00      $ 996.50        0.58   $ 2.89  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Europe SmallCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,009.20        0.58   $ 2.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Germany Hedged Equity Fund

          

Actual

   $ 1,000.00      $ 981.90        0.48   $ 2.37  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

WisdomTree International Dividend ex-Financials Fund

          

Actual

   $ 1,000.00      $ 1,025.90        0.58   $ 2.93  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree International Equity Fund

          

Actual

   $ 1,000.00      $ 1,015.90        0.48   $ 2.41  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

WisdomTree International Hedged Quality Dividend Growth Fund

          

Actual

   $ 1,000.00      $ 1,005.90        0.58   $ 2.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree International High Dividend Fund

          

Actual

   $ 1,000.00      $ 1,003.50        0.58   $ 2.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree International LargeCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,009.10        0.48   $ 2.40  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

WisdomTree International MidCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,036.70        0.58   $ 2.95  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree International Quality Dividend Growth Fund

          

Actual

   $ 1,000.00      $ 1,030.50        0.38 %1    $ 1.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38 %1    $ 1.92  

WisdomTree International SmallCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,038.90        0.58   $ 2.95  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Japan Hedged Equity Fund

          

Actual

   $ 1,000.00      $ 1,027.60        0.48   $ 2.43  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      27  


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

      Beginning
Account Value
10/1/17
     Ending
Account Value
3/31/18
     Annualized
Expense Ratio
Based on the
Period
10/1/17 to
3/31/18
    Expenses Paid
During the
Period†
10/1/17 to
3/31/18
 

WisdomTree Japan Hedged Financials Fund

          

Actual

   $ 1,000.00      $ 997.80        0.48   $ 2.39  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

WisdomTree Japan Hedged Quality Dividend Growth Fund

          

Actual

   $ 1,000.00      $ 1,034.20        0.43 %2    $ 2.18  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.79        0.43 %2    $ 2.17  

WisdomTree Japan Hedged SmallCap Equity Fund

          

Actual

   $ 1,000.00      $ 1,042.20        0.58   $ 2.95  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Japan SmallCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,090.70        0.58   $ 3.02  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

 

 

Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period).

 

1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through July 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 0.43% through July 31, 2018, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

28   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Australia Dividend Fund (AUSE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%  
Australia – 99.2%  
Airlines – 1.4%  

Qantas Airways Ltd.

     105,943      $ 473,767  
Banks – 10.2%  

Australia & New Zealand Banking Group Ltd.

     40,355        831,432  

Commonwealth Bank of Australia

     12,996        720,828  

National Australia Bank Ltd.

     43,675        954,441  

Westpac Banking Corp.

     40,258        883,783  
     

 

 

 
Total Banks               3,390,484  
Beverages – 3.3%  

Coca-Cola Amatil Ltd.

     109,040        725,151  

Treasury Wine Estates Ltd.

     28,943        374,305  
     

 

 

 
Total Beverages               1,099,456  
Biotechnology – 0.7%  

CSL Ltd.

     2,012        239,922  
Building Products – 0.5%  

Reliance Worldwide Corp., Ltd.

     50,857        172,424  
Capital Markets – 4.9%  

ASX Ltd.

     15,431        663,546  

Macquarie Group Ltd.

     11,992        946,522  
     

 

 

 
Total Capital Markets               1,610,068  
Chemicals – 2.3%  

Incitec Pivot Ltd.

     148,258        399,162  

Orica Ltd.

     25,919        353,089  
     

 

 

 
Total Chemicals               752,251  
Commercial Services & Supplies – 3.2%  

Brambles Ltd.

     53,562        410,026  

Cleanaway Waste Management Ltd.

     205,002        227,222  

Downer EDI Ltd.

     84,528        415,606  
     

 

 

 
Total Commercial Services & Supplies               1,052,854  
Construction & Engineering – 1.4%  

CIMIC Group Ltd.

     13,829        471,717  
Construction Materials – 1.4%  

Boral Ltd.

     81,474        464,960  
Containers & Packaging – 1.5%  

Amcor Ltd.

     44,684        485,675  
Diversified Financial Services – 2.5%  

AMP Ltd.

     217,588        832,835  
Diversified Telecommunication Services – 4.8%  

Telstra Corp., Ltd.

     322,167        775,951  

TPG Telecom Ltd.(a)

     89,049        374,995  

Vocus Group Ltd.(a)

     263,124        448,061  
     

 

 

 
Total Diversified Telecommunication Services               1,599,007  
Food & Staples Retailing – 3.3%  

Wesfarmers Ltd.

     22,560        719,181  

Woolworths Group Ltd.

     19,204        387,263  
     

 

 

 
Total Food & Staples Retailing               1,106,444  
Food Products – 2.2%  

Costa Group Holdings Ltd.

     93,643      490,591  

GrainCorp Ltd. Class A

     35,356        229,705  
     

 

 

 
Total Food Products               720,296  
Health Care Equipment & Supplies – 2.3%  

Ansell Ltd.

     22,549        436,902  

Cochlear Ltd.

     2,231        310,804  
     

 

 

 
Total Health Care Equipment & Supplies               747,706  
Health Care Providers & Services – 5.2%  

Healthscope Ltd.

     342,743        508,713  

Primary Health Care Ltd.

     160,991        481,604  

Ramsay Health Care Ltd.

     5,203        248,717  

Sonic Healthcare Ltd.

     27,482        482,312  
     

 

 

 
Total Health Care Providers & Services               1,721,346  
Hotels, Restaurants & Leisure – 11.7%  

Aristocrat Leisure Ltd.

     11,940        220,355  

Crown Resorts Ltd.

     81,906        797,262  

Domino’s Pizza Enterprises Ltd.(a)

     5,453        174,545  

Flight Centre Travel Group Ltd.(a)

     21,115        923,025  

Star Entertainment Grp Ltd. (The)

     112,851        457,915  

Tabcorp Holdings Ltd.

     389,253        1,310,751  
     

 

 

 
Total Hotels, Restaurants & Leisure               3,883,853  
Insurance – 5.9%  

Insurance Australia Group Ltd.

     131,116        752,282  

QBE Insurance Group Ltd.

     64,159        473,923  

Suncorp Group Ltd.

     71,186        728,407  
     

 

 

 
Total Insurance               1,954,612  
Internet Software & Services – 2.5%  

carsales.com Ltd.

     54,450        564,257  

REA Group Ltd.

     4,142        251,660  
     

 

 

 
Total Internet Software & Services               815,917  
IT Services – 2.3%  

Computershare Ltd.

     32,927        437,193  

Link Administration Holdings Ltd.

     48,186        308,255  
     

 

 

 
Total IT Services               745,448  
Media – 0.8%  

Fairfax Media Ltd.

     524,888        271,765  
Metals & Mining – 8.2%  

BHP Billiton Ltd.

     25,329        548,081  

BlueScope Steel Ltd.

     9,966        115,354  

Fortescue Metals Group Ltd.

     266,490        885,100  

Newcrest Mining Ltd.

     8,563        128,475  

Rio Tinto Ltd.

     11,176        623,225  

South32 Ltd.

     173,335        428,120  
     

 

 

 
Total Metals & Mining               2,728,355  
Multi-Utilities – 1.1%  

AGL Energy Ltd.

     22,611        376,013  
Multiline Retail – 3.8%  

Harvey Norman Holdings Ltd.(a)

     445,691        1,261,490  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      29  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Australia Dividend Fund (AUSE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 3.8%  

Caltex Australia Ltd.

     19,095      $ 459,910  

Washington H Soul Pattinson & Co., Ltd.(a)

     20,605        294,133  

Woodside Petroleum Ltd.

     22,955        514,847  
     

 

 

 
Total Oil, Gas & Consumable Fuels               1,268,890  
Personal Products – 1.7%  

Blackmores Ltd.(a)

     5,940        573,043  
Professional Services – 2.3%  

ALS Ltd.

     56,951        324,137  

Seek Ltd.

     30,119        429,712  
     

 

 

 
Total Professional Services               753,849  
Road & Rail – 1.7%  

Aurizon Holdings Ltd.

     176,747        573,477  
Software – 1.5%  

MYOB Group Ltd.

     132,121        309,097  

Technology One Ltd.

     49,077        195,375  
     

 

 

 
Total Software               504,472  
Transportation Infrastructure – 0.8%  

Qube Holdings Ltd.

     153,291        256,328  
TOTAL COMMON STOCKS
(Cost: $30,907,067)
              32,908,724  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.9%  
United States – 6.9%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

     
(Cost: $2,296,561)(c)      2,296,561      2,296,561  
TOTAL INVESTMENTS IN SECURITIES – 106.1%
(Cost: $33,203,628)
        35,205,285  

Other Assets less Liabilities – (6.1)%

        (2,020,377
     

 

 

 
NET ASSETS – 100.0%             $ 33,184,908  
(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $3,714,073 and the total market value of the collateral held by the Fund was $3,897,378. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,600,817.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
  Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
State Street Bank and Trust   4/3/2018   9,500     USD     12,389     AUD     $     $ (3

 

CURRENCY LEGEND

AUD – Australian dollar

USD – U.S. dollar

    

 

See Notes to Financial Statements.

 

30   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%  
Austria – 0.3%  

Andritz AG(a)

     234,684      $ 13,103,631  

Lenzing AG

     57,430        7,084,220  
     

 

 

 
Total Austria               20,187,851  
Belgium – 6.9%  

Anheuser-Busch InBev S.A.

     3,229,717        354,626,308  

Barco N.V.

     1,013        124,584  

Bekaert S.A.

     118,362        5,039,549  

Ion Beam Applications(a)

     9,094        183,310  

Melexis N.V.

     81,540        8,122,842  

Solvay S.A.

     301,538        41,850,044  

UCB S.A.

     310,171        25,245,284  
     

 

 

 
Total Belgium               435,191,921  
Finland – 3.9%  

Amer Sports Oyj*(a)

     322,112        9,931,470  

Cargotec Oyj Class B

     89,866        4,781,171  

Huhtamaki Oyj

     193,551        8,483,702  

Kemira Oyj

     651,068        8,327,449  

Kone Oyj Class B

     1,509,007        75,217,719  

Konecranes Oyj(a)

     206,978        8,970,412  

Metso Oyj(a)

     496,191        15,628,265  

Nokia Oyj

     16,654,816        91,865,953  

Valmet Oyj

     372,741        7,463,007  

Wartsila Oyj Abp

     735,238        16,230,978  
     

 

 

 
Total Finland               246,900,126  
France – 28.0%  

Air Liquide S.A.

     793,147        97,037,983  

Airbus SE

     1,349,146        155,637,444  

Arkema S.A.

     135,663        17,685,591  

BioMerieux

     58,121        4,789,169  

Bureau Veritas S.A.

     930,757        24,164,446  

Christian Dior SE

     198,673        78,408,089  

Cie Generale des Etablissements Michelin SCA

     367,994        54,264,052  

Danone S.A.

     1,280,629        103,523,576  

Dassault Systemes SE

     114,530        15,550,367  

Edenred

     496,168        17,232,399  

Essilor International Cie Generale d’Optique S.A.

     203,898        27,483,739  

Gaztransport Et Technigaz S.A.

     193,494        12,112,606  

Hermes International

     65,592        38,841,811  

Imerys S.A.

     101,159        9,815,984  

Ingenico Group S.A.

     88,748        7,190,589  

IPSOS

     63,494        2,492,573  

Kering S.A.

     150,044        71,745,917  

L’Oreal S.A.

     751,563        169,472,254  

Legrand S.A.

     409,324        32,067,045  

LVMH Moet Hennessy Louis Vuitton SE(a)

     676,284        208,098,389  

Neopost S.A.

     63,533        1,672,112  

Pernod Ricard S.A.

     323,776        53,856,017  

Publicis Groupe S.A.

     445,569        31,004,891  

Remy Cointreau S.A.

     51,500        7,334,459  

Rubis SCA

     96,156      6,935,802  

Safran S.A.

     627,779        66,382,946  

Sanofi

     2,942,068        236,383,775  

Sartorius Stedim Biotech

     13,134        1,186,427  

Schneider Electric SE*

     1,352,637        118,677,030  

SCOR SE

     760,329        31,101,125  

SEB S.A.

     39,381        7,516,761  

Societe BIC S.A.

     62,654        6,229,901  

Sodexo S.A.

     215,709        21,727,235  

Tarkett S.A.

     57,843        1,936,383  

Teleperformance

     43,523        6,744,374  

Valeo S.A.

     387,709        25,576,844  

Vicat S.A.

     49,471        3,732,653  
     

 

 

 
Total France               1,775,612,758  
Germany – 24.9%  

adidas AG

     157,777        38,158,381  

BASF SE

     2,028,120        205,703,624  

Bayer AG Registered Shares

     1,196,059        135,020,675  

Bayerische Motoren Werke AG

     1,578,419        171,118,481  

Brenntag AG

     126,292        7,501,969  

Continental AG

     270,882        74,724,277  

Covestro AG(b)

     279,526        27,453,885  

Daimler AG Registered Shares

     3,260,400        276,556,207  

Duerr AG

     35,935        3,939,513  

Evonik Industries AG

     1,121,050        39,486,651  

Fresenius Medical Care AG & Co. KGaA

     231,193        23,593,937  

Fresenius SE & Co. KGaA

     298,769        22,803,400  

GEA Group AG

     203,626        8,652,340  

Hannover Rueck SE

     381,871        52,083,544  

HeidelbergCement AG

     248,226        24,355,307  

Henkel AG & Co. KGaA

     208,527        26,235,553  

Hochtief AG

     69,814        13,025,080  

Infineon Technologies AG

     853,831        22,828,835  

K+S AG Registered Shares(a)

     192,078        5,537,166  

LANXESS AG

     59,629        4,561,422  

Linde AG*

     247,375        52,054,480  

Merck KGaA

     91,901        8,804,607  

MTU Aero Engines AG

     47,936        8,064,922  

OSRAM Licht AG

     94,318        6,931,983  

SAP SE

     1,029,217        107,553,580  

Siemens AG Registered Shares

     1,505,074        191,617,168  

Software AG

     105,816        5,533,462  

Symrise AG

     75,096        6,036,444  

Wacker Chemie AG

     45,687        7,492,693  
     

 

 

 
Total Germany               1,577,429,586  
Ireland – 1.1%  

CRH PLC

     1,662,477        56,369,569  

Glanbia PLC

     220,010        3,788,111  

Kerry Group PLC Class A

     104,938        10,634,383  
     

 

 

 
Total Ireland               70,792,063  
Italy – 2.0%  

Autogrill SpA

     379,721        4,880,150  

Brunello Cucinelli SpA

     50,461        1,582,517  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      31  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Davide Campari-Milano SpA

     1,002,237      $ 7,580,500  

DiaSorin SpA

     58,935        5,298,378  

Ferrari N.V.

     141,433        16,966,248  

Industria Macchine Automatiche SpA

     79,769        7,755,116  

Interpump Group SpA

     116,640        3,939,130  

Luxottica Group SpA

     796,565        49,472,619  

Maire Tecnimont SpA

     729,036        3,747,810  

Moncler SpA

     250,953        9,536,811  

Parmalat SpA

     598,122        2,203,124  

Salini Impregilo SpA(a)

     791,605        2,346,269  

Salvatore Ferragamo SpA(a)

     311,753        8,596,043  
     

 

 

 
Total Italy               123,904,715  
Netherlands – 10.9%  

Aegon N.V.

     11,961,930        80,559,543  

Akzo Nobel N.V.

     521,004        49,171,692  

Arcadis N.V.

     253,602        4,974,686  

ASM International N.V.

     33,524        2,443,260  

ASML Holding N.V.

     430,847        84,859,861  

BE Semiconductor Industries N.V.

     113,461        11,588,802  

Corbion N.V.

     148,932        4,509,500  

EXOR N.V.

     145,612        10,336,554  

Gemalto N.V.

     88,222        5,387,018  

Heineken Holding N.V.

     451,542        46,481,048  

Heineken N.V.

     896,755        96,280,946  

Koninklijke Ahold Delhaize N.V.

     3,739,745        88,500,251  

Koninklijke DSM N.V.

     487,096        48,307,814  

Koninklijke Philips N.V.

     2,273,348        87,133,539  

Koninklijke Vopak N.V.

     299,777        14,691,933  

Philips Lighting N.V.(b)

     445,989        16,729,243  

SBM Offshore N.V.

     415,071        6,633,626  

Wolters Kluwer N.V.

     616,774        32,761,333  
     

 

 

 
Total Netherlands               691,350,649  
Portugal – 0.9%  

Galp Energia, SGPS, S.A.

     2,850,587        53,656,203  
Spain – 16.1%  

Acerinox S.A.

     1,012,649        14,129,140  

ACS Actividades de Construccion y Servicios S.A.

     1,007,051        39,199,225  

Amadeus IT Group S.A.

     790,946        58,345,262  

Applus Services S.A.

     228,473        2,972,849  

Banco Bilbao Vizcaya Argentaria S.A.

     32,391,148        256,107,364  

Banco Santander S.A.

     45,428,495      295,832,997  

Construcciones y Auxiliar de Ferrocarriles S.A.

     1,594        82,336  

Elecnor S.A.

     59,975        1,003,140  

Grifols S.A.

     563,658        15,950,878  

Mapfre S.A.

     14,811,739        49,202,020  

Obrascon Huarte Lain S.A.*(a)

     539,510        2,297,758  

Prosegur Cia de Seguridad S.A.

     1,409,581        10,817,501  

Siemens Gamesa Renewable Energy S.A.(a)

     264,725        4,240,577  

Tecnicas Reunidas S.A.(a)

     179,737        5,302,981  

Telefonica S.A.

     26,359,148        260,250,176  

Viscofan S.A.

     93,228        6,432,230  
     

 

 

 
Total Spain               1,022,166,434  
Switzerland – 0.5%  

STMicroelectronics N.V.

     1,268,914        28,066,931  
United Kingdom – 4.2%  

CNH Industrial N.V.

     1,468,863        18,119,012  

Unilever N.V. CVA

     4,407,711        248,653,257  
     

 

 

 
Total United Kingdom               266,772,269  
TOTAL COMMON STOCKS
(Cost: $5,833,781,989)
              6,312,031,506  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.7%  
United States – 3.7%  

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.74%(c)

 

  
(Cost: $233,934,679)(d)      233,934,679        233,934,679  
TOTAL INVESTMENTS IN SECURITIES – 103.4%
(Cost: $6,067,716,668)
       6,545,966,185  

Other Assets less Liabilities – (3.4)%

        (213,020,343
     

 

 

 
NET ASSETS – 100.0%             $ 6,332,945,842  
* Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $225,298,985 and the total market value of the collateral held by the Fund was $236,780,281. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,845,602.

 

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
 
BNP Paribas SA   4/4/2018     255,402,148       EUR       314,629,906       USD     $     $ (523,463
BNP Paribas SA   4/4/2018     339,256,749       USD       276,983,854       EUR             (1,391,965
BNP Paribas SA   5/3/2018     314,629,906       USD       254,879,107       EUR       518,924        
Bank of America N.A.   4/4/2018     7,746,478       EUR       9,570,007       USD             (42,997
Bank of America N.A.   4/4/2018     306,333,377       EUR       377,555,887       USD             (811,649
Bank of America N.A.   4/4/2018     407,108,099       USD       332,165,839       EUR             (1,406,204
Bank of America N.A.   5/3/2018     377,555,887       USD       305,707,823       EUR       804,000        

 

See Notes to Financial Statements.

 

32   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2018

 

  

 

 

Counterparty   Settlement
Date
  Amount and Description of
Currency to be Purchased
    Amount and Description
of Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Bank of Montreal   4/4/2018     255,381,417       EUR       314,629,906       USD     $     $ (548,958
Bank of Montreal   4/4/2018     339,256,749       USD       277,576,479       EUR             (2,120,806
Bank of Montreal   5/3/2018     314,629,906       USD       254,859,080       EUR       543,605        
Barclays Bank PLC   4/4/2018     357,592,034       EUR       440,481,868       USD             (697,148
Barclays Bank PLC   4/4/2018     474,959,449       USD       387,623,907       EUR             (1,759,982
Barclays Bank PLC   5/3/2018     440,481,868       USD       356,863,417       EUR       686,235        
Canadian Imperial Bank of Commerce   4/4/2018     255,194,992       EUR       314,629,906       USD             (778,233
Canadian Imperial Bank of Commerce   4/4/2018     339,256,749       USD       277,101,498       EUR             (1,536,649
Canadian Imperial Bank of Commerce   5/3/2018     314,629,906       USD       254,676,509       EUR       768,604        
Citibank N.A.   4/4/2018     15,507,656       EUR       19,140,014       USD             (67,917
Citibank N.A.   4/4/2018     255,402,148       EUR       314,629,906       USD             (523,463
Citibank N.A.   4/4/2018     339,256,749       USD       277,596,694       EUR             (2,145,666
Citibank N.A.   5/3/2018     314,629,906       USD       254,879,726       EUR       518,161        
Commonwealth Bank of Australia   4/4/2018     153,116,995       EUR       188,777,943       USD             (466,940
Commonwealth Bank of Australia   4/4/2018     203,554,049       USD       166,314,285       EUR             (987,647
Commonwealth Bank of Australia   5/3/2018     188,777,943       USD       152,804,050       EUR       463,449        
Credit Suisse International   4/4/2018     7,825,922       EUR       9,570,007       USD       54,707        
Credit Suisse International   4/4/2018     15,399,617       EUR       19,140,014       USD             (200,789
Credit Suisse International   4/4/2018     12,968,744       EUR       15,950,012       USD             (396
Credit Suisse International   4/4/2018     23,304,326       EUR       28,710,021       USD             (49,185
Credit Suisse International   4/4/2018     255,152,567       EUR       314,629,906       USD             (830,410
Credit Suisse International   4/4/2018     339,256,749       USD       276,966,894       EUR             (1,371,107
Credit Suisse International   5/3/2018     15,113,617       EUR       18,626,339       USD             (438
Credit Suisse International   5/3/2018     314,629,906       USD       254,632,813       EUR       822,454        
Goldman Sachs   4/4/2018     306,258,831       EUR       377,555,887       USD             (903,330
Goldman Sachs   4/4/2018     407,108,099       USD       332,625,037       EUR             (1,970,949
Goldman Sachs   5/3/2018     377,555,887       USD       305,634,076       EUR       894,885        
HSBC Holdings PLC   4/4/2018     255,651,179       EUR       314,629,906       USD             (217,192
HSBC Holdings PLC   4/4/2018     339,256,749       USD       277,599,192       EUR             (2,148,739
HSBC Holdings PLC   5/3/2018     314,629,906       USD       255,128,773       EUR       211,237        
JP Morgan Chase Bank N.A.   4/4/2018     255,174,295       EUR       314,629,906       USD             (803,687
JP Morgan Chase Bank N.A.   4/4/2018     339,256,749       USD       277,596,467       EUR             (2,145,387
JP Morgan Chase Bank N.A.   5/3/2018     314,629,906       USD       254,652,804       EUR       797,817        
Morgan Stanley & Co. International   4/4/2018     255,464,360       EUR       314,629,906       USD             (446,951
Morgan Stanley & Co. International   4/4/2018     339,256,749       USD       277,372,231       EUR             (1,869,610
Morgan Stanley & Co. International   5/3/2018     314,629,906       USD       254,941,684       EUR       441,804        
Nomura International PLC   4/4/2018     255,277,814       EUR       314,629,906       USD             (676,374
Nomura International PLC   4/4/2018     339,256,749       USD       277,417,593       EUR             (1,925,400
Nomura International PLC   5/3/2018     314,629,906       USD       254,755,900       EUR       670,762        
Royal Bank of Canada   4/4/2018     306,788,893       EUR       377,555,887       USD             (251,433
Royal Bank of Canada   4/4/2018     407,108,099       USD       332,307,371       EUR             (1,580,267
Royal Bank of Canada   5/3/2018     377,555,887       USD       306,158,252       EUR       248,895        
Societe Generale   4/4/2018     15,507,405       EUR       19,140,014       USD             (68,226
Societe Generale   4/4/2018     255,381,417       EUR       314,629,906       USD             (548,958
Societe Generale   4/4/2018     339,256,749       USD       276,918,288       EUR             (1,311,329
Societe Generale   5/3/2018     314,629,906       USD       254,858,048       EUR       544,877        
Standard Chartered Bank   4/4/2018     255,381,417       EUR       314,629,906       USD             (548,958
Standard Chartered Bank   4/4/2018     339,256,749       USD       276,827,904       EUR             (1,200,170
Standard Chartered Bank   5/3/2018     314,629,906       USD       254,860,112       EUR       542,332        
State Street Bank and Trust   4/4/2018     25,825,734       EUR       31,900,024       USD             (138,234
State Street Bank and Trust   4/4/2018     141,101,839       EUR       173,536,637       USD             (2,478
State Street Bank and Trust   4/4/2018     306,744,034       EUR       377,555,894       USD             (306,610
State Street Bank and Trust   4/4/2018     407,108,099       USD       332,978,713       EUR             (2,405,917
State Street Bank and Trust   5/3/2018     377,555,894       USD       306,114,321       EUR       303,041        
UBS AG   4/3/2018     1,353,387       USD       1,100,000       EUR       552        
UBS AG   4/4/2018     43,944,767       EUR       54,230,040       USD             (184,549
UBS AG   4/4/2018     12,988,376       EUR       15,950,012       USD       23,748        
UBS AG   4/4/2018     76,862,897       EUR       95,700,071       USD             (1,170,204

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      33  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2018

 

  

 

 

Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description
of Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
UBS AG     4/4/2018       306,482,577       EUR       377,555,887       USD     $     $ (628,155
UBS AG     4/4/2018       407,108,116       USD       333,037,292       EUR             (2,477,943
UBS AG     5/3/2018       377,555,887       USD       305,856,910       EUR       620,266        
Wells Fargo Bank N.A.     4/4/2018       255,381,417       EUR       314,629,906       USD             (548,958
Wells Fargo Bank N.A.     4/4/2018       339,256,749       USD       277,485,665       EUR             (2,009,118
Wells Fargo Bank N.A.     5/3/2018       314,629,906       USD       254,858,874       EUR       543,859        
                                            $ 11,024,214     $ (46,751,138

 

CURRENCY LEGEND

EUR – Euro

USD – U.S. dollar

 

See Notes to Financial Statements.

 

34   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%  
Austria – 4.8%  

AT&S Austria Technologie & Systemtechnik AG

     2,807      $ 75,948  

Lenzing AG

     4,163        513,523  

Oesterreichische Post AG

     20,950        1,040,406  

Porr AG(a)

     8,485        291,666  

S IMMO AG

     16,023        317,265  

Telekom Austria AG*

     89,458        851,555  

UNIQA Insurance Group AG

     164,430        1,907,986  

Verbund AG

     31,967        927,825  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     35,348        1,181,589  

Wienerberger AG

     13,120        327,876  
     

 

 

 
Total Austria               7,435,639  
Belgium – 6.5%  

Ackermans & van Haaren N.V.

     4,822        843,294  

Barco N.V.

     2,712        333,535  

Bekaert S.A.

     11,284        480,444  

bpost S.A.

     95,540        2,157,298  

Cofinimmo S.A.

     8,385        1,086,916  

D’ieteren S.A./N.V.

     12,017        486,233  

Econocom Group S.A./N.V.

     28,311        207,169  

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

     15,539        970,821  

Euronav N.V.(a)

     130,811        1,083,513  

Ion Beam Applications

     151        3,044  

Melexis N.V.

     7,859        782,897  

Ontex Group N.V.

     12,591        336,335  

Orange Belgium S.A.

     14,469        295,748  

Warehouses De Pauw CVA

     8,238        1,023,282  
     

 

 

 
Total Belgium               10,090,529  
Finland – 9.7%  

Aktia Bank Oyj

     29,462        332,627  

Amer Sports Oyj*

     28,324        873,295  

Cargotec Oyj Class B

     7,844        417,327  

Citycon Oyj

     165,371        371,578  

Cramo Oyj

     10,444        217,715  

DNA Oyj

     39,904        865,209  

F-Secure Oyj

     34,369        154,492  

Finnair Oyj

     17,333        240,882  

Huhtamaki Oyj

     16,391        718,448  

Kemira Oyj

     54,339        695,020  

Kesko Oyj Class B

     26,298        1,505,872  

Konecranes Oyj

     18,984        822,765  

Lassila & Tikanoja Oyj

     235        4,873  

Metsa Board Oyj

     71,388        715,981  

Metso Oyj

     39,820        1,254,189  

Nokian Renkaat Oyj(a)

     43,949        1,994,471  

Outokumpu Oyj

     48,037        327,412  

Raisio Oyj Class V

     27,980        124,569  

Ramirent Oyj

     28,121        231,544  

Sanoma Oyj

     34,457        403,641  

Technopolis Oyj

     25,370        114,509  

Tieto Oyj

     28,810        959,498  

Tikkurila Oyj

     12,912      248,043  

Tokmanni Group Corp.

     26,012        212,259  

Uponor Oyj

     18,362        306,445  

Valmet Oyj

     31,175        624,185  

YIT Oyj

     33,682        281,682  
     

 

 

 
Total Finland               15,018,531  
France – 13.8%  

Albioma S.A.

     752        17,813  

Altran Technologies S.A.(a)

     22,703        335,614  

Cie Plastic Omnium S.A.

     20,965        1,002,990  

Coface S.A.

     26,497        302,736  

Edenred

     57,746        2,005,575  

Elior Group S.A.(b)

     19,089        414,597  

Elis S.A.

     21,748        537,610  

Eurazeo S.A.

     15,233        1,400,390  

Europcar Groupe S.A.(b)

     35,139        390,238  

Eutelsat Communications S.A.

     85,486        1,692,673  

Gaztransport Et Technigaz S.A.

     17,764        1,112,016  

IPSOS

     9,608        377,180  

Jacquet Metal Service

     7,915        285,701  

Kaufman & Broad S.A.

     7,535        395,883  

Korian S.A.

     9,517        321,873  

Lagardere SCA

     50,433        1,438,981  

LISI

     4,600        184,994  

Manitou BF S.A.

     250        10,608  

Metropole Television S.A.

     37,523        965,409  

Neopost S.A.

     9,739        256,319  

Nexans S.A.

     4,282        221,181  

Nexity S.A.*

     18,613        1,191,487  

Orpea

     4,394        557,959  

Rallye S.A.(a)

     7,950        119,283  

Remy Cointreau S.A.

     6,582        937,387  

Rexel S.A.

     65,683        1,110,729  

Rubis SCA

     19,193        1,384,405  

Sopra Steria Group

     2,386        486,234  

SPIE S.A.

     28,907        638,857  

Tarkett S.A.

     4,823        161,457  

Television Francaise 1

     38,340        520,092  

Vicat S.A.

     7,828        590,633  
     

 

 

 
Total France               21,368,904  
Germany – 18.1%  

1&1 Drillisch AG

     15,953        1,074,184  

Aareal Bank AG

     27,702        1,319,845  

alstria office REIT-AG

     53,682        840,445  

AURELIUS Equity Opportunities SE & Co. KGaA(a)

     18,447        1,284,087  

Aurubis AG

     8,128        682,542  

BayWa AG

     5,091        179,383  

Bechtle AG

     4,378        354,286  

Bertrandt AG

     421        47,971  

Bilfinger SE

     11,163        507,966  

Carl Zeiss Meditec AG Bearer Shares

     6,897        439,806  

CompuGroup Medical SE

     3,985        215,348  

CTS Eventim AG & Co. KGaA

     17,770        831,780  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      35  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Diebold Nixdorf AG*

     5,528      $ 456,867  

DMG MORI AG

     7,334        420,319  

Duerr AG

     5,973        654,813  

Elmos Semiconductor AG

     6,812        208,606  

ElringKlinger AG

     3,917        72,934  

Encavis AG

     36,888        290,801  

Freenet AG

     54,566        1,658,239  

Gerresheimer AG

     3,228        264,598  

Hamburger Hafen und Logistik AG

     16,531        371,035  

Hella GmbH & Co. KGaA

     18,087        1,187,846  

Hugo Boss AG

     22,563        1,963,527  

Indus Holding AG

     4,704        329,179  

Jenoptik AG

     6,394        225,844  

K+S AG Registered Shares

     20,375        587,364  

Kloeckner & Co. SE

     19,216        241,055  

Krones AG

     3,364        452,612  

LANXESS AG

     8,021        613,580  

LEG Immobilien AG

     15,909        1,787,130  

Leoni AG

     5,300        338,425  

Nemetschek SE

     1,230        137,657  

NORMA Group SE

     5,192        388,231  

Pfeiffer Vacuum Technology AG

     2,414        374,967  

Rheinmetall AG

     5,958        845,221  

RHOEN-KLINIKUM AG

     6,772        228,036  

Salzgitter AG

     5,305        271,022  

Scout24 AG(b)

     7,778        361,969  

Sixt SE

     6,806        737,010  

Software AG

     9,169        479,477  

STADA Arzneimittel AG

     6,018        619,040  

Stroeer SE & Co. KGaA

     8,678        605,673  

Suedzucker AG

     23,589        400,061  

Takkt AG

     14,042        319,487  

TLG Immobilien AG

     25,957        711,888  

VTG AG

     4,733        267,470  

Wacker Neuson SE

     10,689        369,925  

Washtec AG

     3,032        288,617  

Wuestenrot & Wuerttembergische AG

     26,736        630,663  
     

 

 

 
Total Germany               27,938,831  
Ireland – 1.1%  

C&C Group PLC

     39,400        128,893  

Glanbia PLC

     19,032        327,691  

Irish Continental Group PLC

     39,225        275,938  

Kingspan Group PLC

     16,803        710,882  

Origin Enterprises PLC

     37,137        244,351  
     

 

 

 
Total Ireland               1,687,755  
Italy – 23.8%  

A2A SpA

     821,249        1,570,066  

ACEA SpA

     44,123        747,767  

Anima Holding SpA(b)

     97,138        658,253  

Ascopiave SpA

     81,797        327,950  

ASTM SpA

     25,973        653,232  

Autogrill SpA

     32,126        412,881  

Azimut Holding SpA

     62,595        1,342,960  

Banca Generali SpA

     35,659      1,149,007  

Banca IFIS SpA

     11,932        459,021  

Banca Popolare di Sondrio SCPA

     75,778        299,903  

Biesse SpA

     7,489        443,939  

BPER Banca

     60,363        336,296  

Brembo SpA

     42,950        662,389  

Buzzi Unicem SpA

     7,088        165,714  

Cementir Holding SpA

     14,074        122,028  

Cerved Information Solutions SpA

     45,477        566,570  

CIR-Compagnie Industriali Riunite SpA

     13,944        18,452  

Credito Emiliano SpA

     7,638        66,788  

Datalogic SpA

     7,569        236,907  

De’ Longhi SpA

     30,069        891,967  

DiaSorin SpA

     5,364        482,235  

Ei Towers SpA

     7,338        411,072  

Enav SpA(b)

     211,565        1,127,678  

ERG SpA

     49,332        1,175,804  

Falck Renewables SpA

     87,512        226,016  

FinecoBank Banca Fineco SpA

     183,336        2,202,448  

Hera SpA

     374,501        1,369,766  

Immobiliare Grande Distribuzione SIIQ SpA

     39,913        372,472  

Industria Macchine Automatiche SpA

     6,005        583,804  

Infrastrutture Wireless Italiane SpA(b)

     135,305        1,069,984  

Interpump Group SpA

     9,378        316,711  

Iren SpA

     288,797        904,991  

Italgas SpA

     267,985        1,600,448  

Italmobiliare SpA

     9,299        261,321  

Maire Tecnimont SpA

     55,170        283,617  

MARR SpA

     21,471        637,444  

Moncler SpA

     15,750        598,537  

OVS SpA(b)

     49,407        302,722  

Parmalat SpA

     98,652        363,375  

Piaggio & C. SpA

     94,772        262,949  

Prysmian SpA

     31,331        982,577  

RAI Way SpA(b)

     85,702        474,830  

Salini Impregilo SpA(a)

     76,805        227,645  

Salvatore Ferragamo SpA(a)

     25,722        709,239  

Saras SpA

     344,840        756,173  

Societa Cattolica di Assicurazioni SC

     65,262        694,271  

Societa Iniziative Autostradali e Servizi SpA

     64,113        1,192,991  

Tod’s SpA(a)

     4,545        329,791  

Unione di Banche Italiane SpA

     255,637        1,166,721  

Unipol Gruppo SpA

     264,672        1,294,867  

UnipolSai Assicurazioni SpA

     1,251,100        2,974,241  

Zignago Vetro SpA

     25,953        264,922  
     

 

 

 
Total Italy               36,753,752  
Netherlands – 7.8%  

Aalberts Industries N.V.

     15,336        780,090  

Accell Group

     6,238        135,944  

Amsterdam Commodities N.V.

     7,123        186,593  

Arcadis N.V.

     15,538        304,795  

ASM International N.V.

     7,905        576,124  

ASR Nederland N.V.

     52,711        2,250,781  

 

See Notes to Financial Statements.

 

36   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

BE Semiconductor Industries N.V.

     11,476      $ 1,172,148  

Beter Bed Holding N.V.

     349        3,996  

BinckBank N.V.

     27,286        155,540  

Boskalis Westminster

     35,848        1,049,287  

Brunel International N.V.

     1,642        30,069  

Corbion N.V.

     17,181        520,222  

Euronext N.V.(b)

     18,412        1,345,054  

Flow Traders(b)

     12,730        542,011  

ForFarmers N.V.

     23,444        326,962  

Gemalto N.V.

     6,724        410,581  

IMCD Group N.V.

     4,770        292,850  

Intertrust N.V.(b)

     18,488        382,899  

Koninklijke BAM Groep N.V.(a)

     16,421        76,419  

PostNL N.V.

     104,922        392,535  

SBM Offshore N.V.

     35,900        573,751  

TKH Group N.V. CVA

     9,353        598,145  
     

 

 

 
Total Netherlands               12,106,796  
Portugal – 4.0%  

Altri, SGPS, S.A.

     103,867        692,355  

Corticeira Amorim, SGPS, S.A.

     6,327        80,925  

CTT-Correios de Portugal S.A.

     101,191        389,279  

Mota-Engil, SGPS, S.A.

     109,023        438,448  

Navigator Co. S.A. (The)

     229,410        1,350,886  

NOS, SGPS, S.A.

     140,832        829,639  

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

     228,090        703,536  

Semapa-Sociedade de Investimento e Gestao

     18,404        419,185  

Sonae Capital, SGPS, S.A.

     239,552        273,401  

Sonae, SGPS, S.A.

     703,385        947,239  
     

 

 

 
Total Portugal               6,124,893  
Spain – 9.7%  

Acciona S.A.

     14,427        1,095,101  

Acerinox S.A.

     65,955        920,247  

Almirall S.A.

     18,366        216,614  

Applus Services S.A.

     20,746        269,943  

Atresmedia Corp. de Medios de Comunicacion S.A.

     44,766        426,405  

Bolsas y Mercados Espanoles SHMSF S.A.(a)

     27,412        927,098  

Cellnex Telecom S.A.(b)

     10,336        275,718  

Cia de Distribucion Integral Logista Holdings S.A.

     37,089        784,559  

Cie Automotive S.A.

     23,553        840,033  

Construcciones y Auxiliar de Ferrocarriles S.A.

     5,109        263,899  

Distribuidora Internacional de Alimentacion S.A.

     146,498        621,048  

Ebro Foods S.A.

     36,047        915,908  

Elecnor S.A.

     17,382        290,731  

Ence Energia y Celulosa S.A.

     38,038        286,300  

Euskaltel S.A.(b)

     5,092      42,428  

Faes Farma S.A.

     90,872        331,924  

Grupo Catalana Occidente S.A.

     22,167        965,078  

Mediaset Espana Comunicacion S.A.

     109,148        1,109,592  

Obrascon Huarte Lain S.A.*

     40,528        172,608  

Papeles y Cartones de Europa S.A.

     29,358        511,260  

Prosegur Cia de Seguridad S.A.

     97,246        746,292  

Saeta Yield S.A.

     48,364        724,472  

Tecnicas Reunidas S.A.(a)

     14,502        427,869  

Viscofan S.A.

     10,055        693,741  

Zardoya Otis S.A.

     119,799        1,205,199  
     

 

 

 
Total Spain               15,064,067  
TOTAL COMMON STOCKS
(Cost: $122,904,574)
              153,589,697  
RIGHTS – 0.1%  
France – 0.0%  

Altran Technologies S.A., expiring 4/9/18*(a)

     22,703        37,978  
Italy – 0.1%  

Anima Holding SpA, expiring 4/12/18*

     97,138        37,034  

Immobiliare Grande Distribuzione SIIQ SpA, expiring 4/13/18*

     39,913        42,441  
     

 

 

 
Total Italy               79,475  
TOTAL RIGHTS
(Cost: $0)
              117,453  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.7%  
United States – 2.7%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $4,215,398)(d)      4,215,398        4,215,398  
TOTAL INVESTMENTS IN SECURITIES – 102.1%
(Cost: $127,119,972)
        157,922,548  

Other Assets less Liabilities – (2.1)%

        (3,298,537
     

 

 

 
NET ASSETS – 100.0%             $ 154,624,011  
* Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $5,350,139 and the total market value of the collateral held by the Fund was $5,630,237. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,414,839.

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.   4/4/2018     27,161,183       EUR       33,406,137       USD     $     $ (1,944
Bank of America N.A.   4/4/2018     33,406,137       USD       27,318,798       EUR             (191,899
Bank of America N.A.   5/3/2018     32,308,020       USD       26,214,531       EUR       1,441        
Bank of Montreal   4/3/2018     70,000       USD       56,887       EUR       37        

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      37  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2018

 

  

 

 

Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Bank of Montreal     4/4/2018       33,406,137       USD       27,319,268       EUR     $     $ (192,476
Barclays Bank PLC     4/4/2018       27,162,111       EUR       33,406,137       USD             (803

Barclays Bank PLC

    4/4/2018       33,406,137       USD       27,319,603       EUR             (192,889

Barclays Bank PLC

    5/3/2018       32,308,020       USD       26,215,850       EUR             (185

Citibank N.A.

    4/4/2018       27,161,956       EUR       33,406,137       USD             (993

Citibank N.A.

    4/4/2018       25,452,295       USD       20,814,578       EUR             (146,523

Citibank N.A.

    5/3/2018       32,308,020       USD       26,215,594       EUR       130        

Credit Suisse International

    4/4/2018       27,162,089       EUR       33,406,137       USD             (830

Credit Suisse International

    5/3/2018       32,308,020       USD       26,216,105       EUR             (499

Goldman Sachs

    4/4/2018       20,694,942       EUR       25,452,295       USD             (612

Goldman Sachs

    5/3/2018       24,615,635       USD       19,973,576       EUR       359        

Royal Bank of Canada

    4/4/2018       33,406,137       USD       27,319,737       EUR             (193,053
                                            $ 1,967     $ (922,706

 

CURRENCY LEGEND

EUR – Euro

USD – U.S. dollar

 

See Notes to Financial Statements.

 

38   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%  
Austria – 0.2%  

Lenzing AG

     994      $ 122,614  
Belgium – 0.2%  

Ion Beam Applications(a)

     1,016        20,480  

Melexis N.V.

     1,372        136,675  
     

 

 

 
Total Belgium               157,155  
Denmark – 7.0%  

Chr Hansen Holding A/S

     2,579        221,693  

Coloplast A/S Class B

     6,547        551,552  

Novo Nordisk A/S Class B

     71,349        3,502,174  

Novozymes A/S Class B

     5,164        266,171  

Pandora A/S

     1,319        141,412  

Royal Unibrew A/S

     1,750        115,552  

Vestas Wind Systems A/S

     3,956        280,534  
     

 

 

 
Total Denmark               5,079,088  
Finland – 3.1%  

Elisa Oyj

     9,995        451,990  

Huhtamaki Oyj

     3,084        135,177  

Kone Oyj Class B

     15,064        750,878  

Konecranes Oyj

     2,314        100,289  

Metsa Board Oyj

     13,304        133,432  

Nokian Renkaat Oyj

     4,400        199,678  

Orion Oyj Class B

     4,117        125,924  

Valmet Oyj

     4,058        81,249  

Wartsila Oyj Abp

     10,869        239,942  
     

 

 

 
Total Finland               2,218,559  
France – 12.2%  

Airbus SE

     15,004        1,730,861  

Altran Technologies S.A.(a)

     4,351        64,320  

BioMerieux

     1,278        105,307  

Capgemini SE

     3,686        458,763  

Christian Dior SE

     2,025        799,185  

Cie Generale des Etablissements Michelin SCA

     3,460        510,208  

Cie Plastic Omnium S.A.

     2,744        131,276  

Essilor International Cie Generale d’Optique S.A.

     3,472        467,996  

Faurecia S.A.

     2,747        222,028  

Hermes International

     763        451,828  

Ingenico Group S.A.

     1,232        99,820  

Ipsen S.A.

     1,268        196,725  

LVMH Moet Hennessy Louis Vuitton SE

     7,316        2,251,196  

Orpea

     609        77,332  

SEB S.A.

     500        95,436  

Societe BIC S.A.

     1,361        135,329  

Sodexo S.A.

     2,201        221,695  

Teleperformance

     655        101,500  

Thales S.A.

     3,679        447,666  

Valeo S.A.

     3,472        229,045  
     

 

 

 
Total France               8,797,516  
Germany – 11.1%  

adidas AG

     1,984        479,831  

Aurubis AG

     1,477        124,030  

Continental AG

     3,078      849,083  

Covestro AG(b)

     5,874        576,920  

CTS Eventim AG & Co. KGaA

     2,694        126,101  

Deutsche Wohnen SE Bearer Shares

     9,953        463,923  

Diebold Nixdorf AG*

     1,097        90,663  

Fielmann AG

     1,978        159,825  

Fuchs Petrolub SE

     2,091        106,336  

Hella GmbH & Co. KGaA

     2,258        148,292  

Henkel AG & Co. KGaA

     3,798        477,840  

Hugo Boss AG

     2,409        209,641  

Infineon Technologies AG

     18,140        485,008  

K+S AG Registered Shares

     4,124        118,885  

KION Group AG

     1,707        159,005  

Leoni AG

     1,091        69,665  

MTU Aero Engines AG

     1,200        201,892  

SAP SE

     20,688        2,161,904  

Symrise AG

     2,358        189,543  

TUI AG

     25,449        544,750  

United Internet AG Registered Shares

     4,507        283,244  
     

 

 

 
Total Germany               8,026,381  
Ireland – 0.2%  

Irish Continental Group PLC

     4,055        28,526  

Kerry Group PLC Class A

     1,368        138,633  
     

 

 

 
Total Ireland               167,159  
Italy – 2.2%  

Anima Holding SpA(b)

     20,555        139,290  

Azimut Holding SpA

     11,700        251,021  

Banca IFIS SpA

     2,249        86,518  

Brembo SpA

     5,940        91,609  

De’ Longhi SpA

     4,388        130,166  

DiaSorin SpA

     1,095        98,443  

Ferrari N.V.

     1,379        165,424  

Industria Macchine Automatiche SpA

     1,213        117,927  

Prysmian SpA

     5,327        167,061  

Recordati SpA

     5,833        215,068  

Salvatore Ferragamo SpA(a)

     3,523        97,141  
     

 

 

 
Total Italy               1,559,668  
Netherlands – 3.8%  

ASM International N.V.

     1,486        108,301  

ASML Holding N.V.

     5,707        1,124,054  

BE Semiconductor Industries N.V.

     1,811        184,974  

Corbion N.V.

     3,518        106,521  

Euronext N.V.(b)

     2,919        213,242  

Flow Traders(b)

     2,395        101,973  

GrandVision N.V.(b)

     2,580        58,764  

Koninklijke Vopak N.V.

     3,028        148,401  

Rhi Magnesita N.V.*

     1,264        78,018  

SBM Offshore N.V.

     5,656        90,394  

Steinhoff International Holdings N.V.*

     92,579        25,504  

TKH Group N.V. CVA

     1,811        115,818  

Wolters Kluwer N.V.

     6,587        349,883  
     

 

 

 
Total Netherlands               2,705,847  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      39  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Norway – 2.4%  

Borregaard ASA

     9,341      $ 88,045  

Entra ASA(b)

     7,384        100,448  

Leroy Seafood Group ASA

     22,816        140,948  

Marine Harvest ASA

     35,274        706,293  

Orkla ASA

     34,038        364,791  

Salmar ASA

     5,909        241,750  

Veidekke ASA

     5,934        66,287  
     

 

 

 
Total Norway               1,708,562  
Portugal – 0.5%  

Jeronimo Martins, SGPS, S.A.

     21,171        385,480  
Spain – 3.7%  

Amadeus IT Group S.A.

     10,554        778,531  

Atresmedia Corp. de Medios de Comunicacion S.A.

     10,395        99,014  

Grifols S.A.

     8,070        228,372  

Industria de Diseno Textil S.A.

     43,601        1,363,625  

Prosegur Cia de Seguridad S.A.

     12,315        94,509  

Tecnicas Reunidas S.A.(a)

     3,573        105,418  
     

 

 

 
Total Spain               2,669,469  
Sweden – 8.3%  

AAK AB

     604        53,153  

Assa Abloy AB Class B

     16,663        358,835  

Atlas Copco AB Class A

     19,506        841,282  

Atlas Copco AB Class B

     11,024        427,149  

Axfood AB

     5,504        93,817  

Bilia AB Class A

     7,858        69,434  

Boliden AB

     6,094        212,840  

Castellum AB

     8,516        138,801  

Electrolux AB Series B

     3,908        122,493  

Fabege AB

     6,377        137,670  

Hemfosa Fastigheter AB

     13,134        158,866  

Hennes & Mauritz AB Class B(a)

     25,214        376,879  

Hexagon AB Class B

     4,718        279,425  

Husqvarna AB Class B

     9,953        95,646  

Intrum Justitia AB(a)

     2,195        62,038  

Investment AB Latour Class B

     15,053        170,575  

JM AB

     2,043        46,228  

L E Lundbergforetagen AB Class B

     941        67,192  

Loomis AB Class B

     2,795        100,255  

NetEnt AB*

     10,437        52,267  

Nibe Industrier AB Class B

     8,575        80,909  

Peab AB

     9,998        89,656  

Sandvik AB

     30,232        550,326  

Securitas AB Class B

     10,667        180,547  

SKF AB Class B(a)

     13,850        281,968  

Sweco AB Class B

     3,790        78,065  

Trelleborg AB Class B

     6,486        162,483  

Volvo AB Class B

     37,149        675,352  
     

 

 

 
Total Sweden               5,964,151  
Switzerland – 16.9%  

ABB Ltd. Registered Shares

     70,579        1,674,556  

Cie Financiere Richemont S.A. Registered Shares

     8,148        729,712  

EMS-Chemie Holding AG Registered Shares

     666      419,380  

GAM Holding AG*

     11,330        189,898  

Geberit AG Registered Shares

     876        386,406  

Givaudan S.A. Registered Shares

     334        758,964  

Kuehne + Nagel International AG Registered Shares

     4,343        681,655  

Logitech International S.A. Registered Shares

     3,911        142,783  

Lonza Group AG Registered Shares*

     1,157        272,093  

Oriflame Holding AG

     1,754        83,775  

Partners Group Holding AG

     875        648,757  

Roche Holding AG Bearer Shares

     5,218        1,208,597  

Roche Holding AG Genusschein

     17,406        3,982,513  

Schindler Holding AG Participation Certificate

     605        130,148  

Schindler Holding AG Registered Shares

     1,159        242,064  

Sonova Holding AG Registered Shares

     1,759        278,839  

Straumann Holding AG Registered Shares

     274        172,252  

Swatch Group AG (The) Bearer Shares

     500        220,029  
     

 

 

 
Total Switzerland               12,222,421  
United Kingdom – 27.8%  

Ashmore Group PLC

     47,341        252,756  

Ashtead Group PLC

     9,401        255,842  

Associated British Foods PLC

     11,105        388,050  

AVEVA Group PLC

     3,962        106,211  

Bellway PLC

     3,451        147,604  

Berkeley Group Holdings PLC

     6,262        332,838  

BGEO Group PLC

     1,926        96,076  

Big Yellow Group PLC

     6,160        73,710  

Brewin Dolphin Holdings PLC

     25,308        122,411  

British American Tobacco PLC

     45,180        2,618,166  

Burberry Group PLC

     5,335        126,928  

Cineworld Group PLC

     27,734        91,739  

Coca-Cola European Partners PLC

     9,786        407,034  

Compass Group PLC

     34,644        707,353  

Computacenter PLC

     9,516        153,247  

Crest Nicholson Holdings PLC

     7,361        46,921  

Croda International PLC

     4,241        271,763  

Diageo PLC

     63,270        2,140,774  

Domino’s Pizza Group PLC

     19,811        91,849  

Dunelm Group PLC

     12,748        94,243  

easyJet PLC

     15,691        353,172  

Electrocomponents PLC

     16,703        140,633  

FDM Group Holdings PLC

     3,305        47,290  

Fresnillo PLC

     13,586        241,756  

Galliford Try PLC

     8,580        100,501  

Greggs PLC

     7,996        137,854  

Halma PLC

     10,167        168,152  

Hargreaves Lansdown PLC

     11,101        254,299  

Hikma Pharmaceuticals PLC

     3,172        53,774  

Howden Joinery Group PLC

     10,859        70,194  

Jardine Lloyd Thompson Group PLC

     11,320        203,578  

Johnson Matthey PLC

     5,662        241,616  

Jupiter Fund Management PLC

     20,908        138,319  

Mediclinic International PLC(a)

     12,212        102,957  

Merlin Entertainments PLC(b)

     4,951        24,072  

 

See Notes to Financial Statements.

 

40   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Moneysupermarket.com Group PLC

     27,209      $ 109,468  

Pagegroup PLC

     19,617        147,638  

Persimmon PLC

     14,670        520,651  

Reckitt Benckiser Group PLC

     13,342        1,129,333  

RELX N.V.

     23,414        484,632  

RELX PLC

     25,883        531,922  

Renishaw PLC

     2,359        149,113  

Rightmove PLC

     1,753        106,897  

RPC Group PLC

     15,344        166,428  

Sage Group PLC (The)

     36,947        331,293  

Segro PLC

     48,982        413,096  

Spirax-Sarco Engineering PLC

     1,930        155,811  

Synthomer PLC

     17,707        119,130  

Taylor Wimpey PLC

     61,040        158,067  

Unilever N.V. CVA

     44,222        2,494,706  

Unilever PLC

     31,580        1,752,303  

WH Smith PLC

     5,958        162,812  

Whitbread PLC

     2,270        117,821  

William Hill PLC

     44,511        206,239  
     

 

 

 
Total United Kingdom               20,061,042  
TOTAL COMMON STOCKS
(Cost: $69,499,014)
              71,845,112  
RIGHTS – 0.0%      
France – 0.0%      

Altran Technologies S.A., expiring 4/9/18*(a)

     4,351        7,278  
Italy – 0.0%      

Anima Holding SpA, expiring 4/12/18*

     20,555        7,837  
United Kingdom – 0.0%      

Galliford Try PLC, expiring 4/13/18*

     2,860        11,234  
TOTAL RIGHTS
(Cost: $0)
              26,349  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.4%  
United States – 1.4%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $1,002,910)(d)      1,002,910        1,002,910  
TOTAL INVESTMENTS IN SECURITIES – 101.0%
(Cost: $70,501,924)
        72,874,371  

Other Assets less Liabilities – (1.0)%

        (710,895
     

 

 

 
NET ASSETS – 100.0%             $ 72,163,476  
* Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $997,702 and the total market value of the collateral held by the Fund was $1,050,149. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $47,239.

 

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      41  


Table of Contents

Schedule of Investments

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.8%  
Austria – 1.0%  

AT&S Austria Technologie & Systemtechnik AG

     147,860      $ 4,000,605  

DO & Co. AG(a)

     12,787        809,894  

POLYTEC Holding AG

     44,144        853,447  

Porr AG(a)

     102,136        3,510,856  

S IMMO AG

     147,219        2,915,023  

Zumtobel Group AG(a)

     43,380        407,067  
     

 

 

 
Total Austria               12,496,892  
Belgium – 2.4%  

Barco N.V.

     26,235        3,226,512  

Euronav N.V.(a)

     1,130,272        9,362,091  

EVS Broadcast Equipment S.A.

     52,160        1,683,911  

Exmar N.V.*(a)

     195,527        1,262,462  

Ion Beam Applications(a)

     16,966        341,988  

Orange Belgium S.A.

     148,093        3,027,038  

Recticel S.A.

     160,641        2,011,206  

Warehouses De Pauw CVA

     63,384        7,873,237  
     

 

 

 
Total Belgium               28,788,445  
Denmark – 2.3%  

Alm Brand A/S

     413,503        4,195,818  

Matas A/S

     220,864        2,383,228  

NNIT A/S(b)

     52,149        1,488,521  

Per Aarsleff Holding A/S

     57,090        2,133,493  

Ringkjoebing Landbobank A/S

     42,729        2,340,581  

Scandinavian Tobacco Group A/S Class A(b)

     316,645        5,563,974  

SimCorp A/S

     60,133        4,165,030  

Spar Nord Bank A/S

     461,749        5,477,694  
     

 

 

 
Total Denmark               27,748,339  
Finland – 4.9%  

Aktia Bank Oyj

     145,831        1,646,436  

CapMan Oyj Class B

     779,018        1,379,629  

Cramo Oyj

     116,620        2,431,056  

DNA Oyj

     359,775        7,800,736  

F-Secure Oyj

     246,680        1,108,852  

Finnair Oyj

     224,915        3,125,713  

Kemira Oyj

     453,396        5,799,136  

Lehto Group Oyj

     89,271        1,282,347  

Oriola Oyj Class B(a)

     465,127        1,407,210  

Raisio Oyj Class V(a)

     597,926        2,662,002  

Ramirent Oyj

     217,426        1,790,253  

Sanoma Oyj

     375,876        4,403,134  

Technopolis Oyj(a)

     534,099        2,410,683  

Tieto Oyj(a)

     329,139        10,961,760  

Tikkurila Oyj(a)

     177,190        3,403,867  

Tokmanni Group Corp.(a)

     256,101        2,089,799  

Uponor Oyj

     202,771        3,384,060  

YIT Oyj(a)

     339,349        2,837,970  
     

 

 

 
Total Finland               59,924,643  
France – 4.0%  

Albioma S.A.

     95,965        2,273,115  

Beneteau S.A.

     49,472        1,074,490  

Bourbon Corp.(a)

     36,365      212,884  

Chargeurs S.A.

     53,185        1,551,516  

Chargeurs S.A.*

     461        12,473  

Coface S.A.

     243,886        2,786,473  

Europcar Groupe S.A.(b)

     438,234        4,866,829  

Gaztransport Et Technigaz S.A.

     161,502        10,109,926  

Haulotte Group S.A.

     47,782        983,721  

IPSOS

     102,301        4,016,013  

Jacquet Metal Service

     37,561        1,355,806  

Kaufman & Broad S.A.

     89,146        4,683,661  

Lectra

     35,456        1,000,748  

Manitou BF S.A.

     53,433        2,267,154  

Mersen S.A.

     36,051        1,638,265  

Neopost S.A.

     131,316        3,456,079  

Oeneo S.A.

     108,248        1,352,589  

Rallye S.A.(a)

     315,071        4,727,381  
     

 

 

 
Total France               48,369,123  
Germany – 10.3%  

alstria office REIT-AG

     599,796        9,390,404  

AURELIUS Equity Opportunities SE & Co. KGaA(a)

     219,376        15,270,661  

BayWa AG

     49,230        1,734,630  

Bertrandt AG

     30,469        3,471,810  

bet-at-home.com AG

     11,142        939,340  

Bilfinger SE

     128,273        5,836,994  

CANCOM SE

     16,503        1,697,779  

Cewe Stiftung & Co. KGaA

     20,081        1,973,261  

CropEnergies AG

     120,680        768,807  

Deutz AG

     99,608        912,647  

Elmos Semiconductor AG

     32,861        1,006,311  

ElringKlinger AG(a)

     158,734        2,955,617  

Encavis AG

     400,168        3,154,661  

Gerry Weber International AG

     74,999        723,142  

GFT Technologies SE(a)

     40,621        649,950  

Grammer AG

     29,311        1,836,653  

Hamburger Hafen und Logistik AG

     189,059        4,243,386  

Indus Holding AG

     50,697        3,547,700  

Jenoptik AG

     59,716        2,109,247  

Kloeckner & Co. SE

     205,882        2,582,682  

Koenig & Bauer AG

     12,671        1,161,745  

Leoni AG

     33,686        2,150,980  

MLP SE

     166,390        1,009,873  

NORMA Group SE

     58,610        4,382,557  

Pfeiffer Vacuum Technology AG

     25,466        3,955,637  

RHOEN-KLINIKUM AG

     78,451        2,641,704  

RIB Software SE

     50,242        1,068,352  

Salzgitter AG

     51,349        2,623,317  

Sixt SE

     82,440        8,927,290  

SMA Solar Technology AG

     31,932        1,805,707  

Takkt AG

     108,023        2,457,765  

TLG Immobilien AG

     316,903        8,691,275  

VERBIO Vereinigte BioEnergie AG

     101,365        532,314  

VTG AG(a)

     61,673        3,485,242  

Wacker Neuson SE

     163,196        5,647,886  

 

See Notes to Financial Statements.

 

42   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Washtec AG

     37,071      $ 3,528,804  

Wuestenrot & Wuerttembergische AG

     244,728        5,772,774  

Zeal Network SE

     49,205        1,579,436  
     

 

 

 
Total Germany               126,228,340  
Ireland – 1.6%  

C&C Group PLC

     1,255,165        4,106,150  

Greencore Group PLC(a)

     1,181,666        2,197,203  

Hostelworld Group PLC(b)

     334,706        1,793,588  

IFG Group PLC(a)

     375,325        964,731  

Irish Continental Group PLC

     387,030        2,722,657  

Origin Enterprises PLC

     350,080        2,303,421  

Total Produce PLC

     497,117        1,467,311  

UDG Healthcare PLC

     317,232        3,862,713  
     

 

 

 
Total Ireland               19,417,774  
Italy – 11.5%  

Anima Holding SpA(b)

     1,147,050        7,772,957  

Ascopiave SpA

     729,983        2,926,730  

Astaldi SpA(a)

     310,480        845,403  

ASTM SpA

     262,475        6,601,362  

Banca IFIS SpA

     118,855        4,572,319  

Banca Popolare di Sondrio SCPA

     672,216        2,660,401  

Banca Sistema SpA(a)(b)

     309,071        851,449  

Biesse SpA

     26,046        1,543,975  

Brunello Cucinelli SpA

     55,596        1,743,557  

Cairo Communication SpA

     187,787        842,967  

Cementir Holding SpA

     297,262        2,577,394  

Cerved Information Solutions SpA

     477,278        5,946,113  

CIR-Compagnie Industriali Riunite SpA

     2,191,105        2,899,531  

Cofide SpA

     1,510,292        905,499  

Datalogic SpA

     74,360        2,327,445  

Ei Towers SpA

     92,422        5,177,452  

El.En. SpA

     22,605        900,745  

Enav SpA(b)

     2,331,257        12,426,000  

ePrice SpA(a)

     173,864        436,206  

ERG SpA

     554,890        13,225,527  

Esprinet SpA

     125,936        673,739  

Falck Renewables SpA

     1,134,071        2,928,949  

Immobiliare Grande Distribuzione SIIQ SpA

     458,496        4,278,733  

Italmobiliare SpA

     91,071        2,559,285  

La Doria SpA

     91,808        1,386,536  

Maire Tecnimont SpA(a)

     635,534        3,267,137  

MARR SpA

     199,687        5,928,425  

OVS SpA(b)

     534,937        3,277,620  

Piaggio & C. SpA

     916,573        2,543,071  

RAI Way SpA(b)

     662,405        3,670,039  

SAES Getters SpA

     49,945        1,363,632  

Salini Impregilo SpA(a)

     847,643        2,512,363  

Saras SpA

     3,968,979        8,703,270  

Societa Cattolica di Assicurazioni SC

     736,211        7,831,964  

Technogym SpA(b)

     180,195        2,127,484  

Tod’s SpA(a)

     87,390        6,341,121  

Vittoria Assicurazioni SpA

     112,646        1,679,077  

Zignago Vetro SpA

     288,714      2,947,123  
     

 

 

 
Total Italy               141,202,600  
Netherlands – 5.6%  

Accell Group

     59,360        1,293,630  

AMG Advanced Metallurgical Group N.V.

     25,885        1,153,689  

Amsterdam Commodities N.V.

     66,841        1,750,954  

Arcadis N.V.

     223,643        4,387,007  

BE Semiconductor Industries N.V.

     106,847        10,913,254  

Beter Bed Holding N.V.(a)

     106,339        1,217,572  

BinckBank N.V.

     266,740        1,520,513  

Brunel International N.V.

     148,707        2,723,193  

Corbion N.V.

     199,400        6,037,616  

Flow Traders(b)

     216,152        9,203,195  

ForFarmers N.V.

     237,667        3,314,624  

Intertrust N.V.(b)

     236,466        4,897,372  

Koninklijke BAM Groep N.V.(a)

     475,259        2,211,738  

PostNL N.V.

     1,149,504        4,300,530  

Rhi Magnesita N.V.*

     84,552        5,218,820  

SIF Holding N.V.(a)

     48,679        1,136,293  

TKH Group N.V. CVA

     98,343        6,289,253  

Wessanen

     74,359        1,487,899  
     

 

 

 
Total Netherlands               69,057,152  
Norway – 8.1%  

ABG Sundal Collier Holding ASA

     3,753,186        3,040,430  

Arcus ASA(b)

     209,833        1,175,992  

Atea ASA*

     573,945        9,298,977  

Austevoll Seafood ASA

     699,692        6,996,073  

Borregaard ASA

     378,643        3,568,942  

Ekornes ASA

     95,436        1,337,158  

Entra ASA(b)

     378,690        5,151,490  

Europris ASA(b)

     1,088,142        3,492,721  

Grieg Seafood ASA

     699,710        6,434,770  

Kongsberg Gruppen ASA

     199,352        4,804,183  

Norway Royal Salmon ASA

     250,912        5,139,079  

Protector Forsikring ASA(a)

     290,377        3,136,432  

Sbanken ASA(a)(b)

     227,698        2,134,592  

Scatec Solar ASA(a)(b)

     228,061        1,331,889  

Selvaag Bolig ASA

     291,108        1,407,161  

SpareBank 1 Nord Norge

     405,321        3,200,874  

SpareBank 1 SMN

     541,888        5,583,877  

SpareBank 1 SR-Bank ASA

     762,950        8,376,858  

Sparebanken Vest

     264,517        1,731,787  

TGS Nopec Geophysical Co. ASA

     296,429        7,224,818  

Tomra Systems ASA

     346,766        7,243,661  

Veidekke ASA

     302,459        3,378,655  

XXL ASA(b)

     369,723        3,786,259  
     

 

 

 
Total Norway               98,976,678  
Portugal – 3.7%  

Altri, SGPS, S.A.

     936,954        6,245,538  

Corticeira Amorim, SGPS, S.A.(a)

     177,712        2,273,016  

CTT-Correios de Portugal S.A.(a)

     1,186,182        4,563,209  

Mota-Engil, SGPS, S.A.

     1,196,575        4,812,159  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      43  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

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

     3,535,306      $ 10,904,527  

Semapa-Sociedade de Investimento e Gestao

     161,430        3,676,864  

Sonae Capital, SGPS, S.A.

     1,803,024        2,057,793  

Sonae, SGPS, S.A.

     7,860,027        10,584,990  
     

 

 

 
Total Portugal               45,118,096  
Spain – 3.3%  

Applus Services S.A.

     165,883        2,158,439  

Construcciones y Auxiliar de Ferrocarriles S.A.

     47,986        2,478,655  

Elecnor S.A.

     125,158        2,093,389  

Ence Energia y Celulosa S.A.

     528,284        3,976,227  

Euskaltel S.A.(b)

     216,129        1,800,838  

Faes Farma S.A.

     940,623        3,435,772  

Fluidra S.A.

     161,993        2,753,320  

Obrascon Huarte Lain S.A.*(a)

     462,468        1,969,638  

Papeles y Cartones de Europa S.A.

     258,002        4,493,023  

Saeta Yield S.A.

     548,226        8,212,194  

Tecnicas Reunidas S.A.(a)

     216,439        6,385,841  
     

 

 

 
Total Spain               39,757,336  
Sweden – 11.4%  

Acando AB

     456,469        1,613,350  

AddTech AB Class B

     107,583        2,158,134  

AF AB Class B

     177,928        3,870,956  

Alimak Group AB(b)

     62,730        951,272  

Attendo AB(b)

     168,236        1,579,950  

Avanza Bank Holding AB(a)

     82,837        4,354,116  

Bergman & Beving AB

     69,250        700,372  

Betsson AB*

     701,098        5,284,103  

Bilia AB Class A

     466,799        4,124,651  

BioGaia AB Class B

     32,804        1,649,052  

Biotage AB

     127,716        1,088,853  

Bonava AB Class B

     98,885        1,353,133  

Bravida Holding AB(b)

     393,739        2,806,780  

Bufab AB

     90,181        1,160,805  

Bulten AB

     77,598        1,037,753  

Byggmax Group AB(a)

     205,037        1,016,029  

Capio AB(b)

     224,774        1,135,304  

Clas Ohlson AB Class B

     192,831        2,079,171  

Cloetta AB Class B

     545,490        2,072,586  

Com Hem Holding AB

     299,500        4,835,029  

Coor Service Management Holding AB(b)

     364,270        2,909,880  

Duni AB

     79,190        1,093,084  

Dustin Group AB(b)

     224,799        1,986,331  

Evolution Gaming Group AB(b)

     36,173        1,975,633  

Granges AB

     208,060        2,433,428  

Gunnebo AB

     211,985        784,680  

Hemfosa Fastigheter AB

     663,572        8,026,442  

HIQ International AB*

     257,034        2,194,432  

Inwido AB

     148,885        1,326,219  

ITAB Shop Concept AB Class B(a)

     133,196        574,148  

KappAhl AB

     221,243        676,293  

KNOW IT AB

     57,759        1,158,656  

Kungsleden AB

     754,507        5,022,659  

Lagercrantz Group AB Class B

     117,146      1,167,991  

LeoVegas AB(b)

     168,221        1,428,155  

Lindab International AB

     119,792        902,574  

Mekonomen AB(a)

     124,916        2,126,979  

Modern Times Group MTG AB Class B

     234,350        9,480,558  

MQ Holding AB(a)

     245,875        438,622  

Mycronic AB(a)

     237,147        3,024,227  

NetEnt AB*

     609,921        3,054,412  

Nobia AB

     552,094        4,954,132  

Nobina AB(b)

     488,657        3,142,067  

Nolato AB Class B

     59,149        4,301,206  

Nordic Waterproofing Holding A/S(b)

     89,497        766,219  

NP3 Fastigheter AB

     192,795        1,362,834  

Paradox Interactive AB

     135,796        2,036,583  

Platzer Fastigheter Holding AB Class B

     156,016        976,171  

Pricer AB Class B(a)

     656,775        660,320  

Ratos AB Class B

     986,621        3,833,482  

Resurs Holding AB(a)(b)

     1,010,899        7,121,727  

Rottneros AB

     800,293        718,609  

Scandi Standard AB

     170,743        1,170,255  

Scandic Hotels Group AB(b)

     262,516        2,506,108  

Systemair AB

     47,238        609,173  

Thule Group AB(b)

     168,674        3,637,403  

Wihlborgs Fastigheter AB

     227,123        5,244,972  
     

 

 

 
Total Sweden               139,698,063  
Switzerland – 4.3%  

Ascom Holding AG Registered Shares

     150,359        3,187,435  

Bobst Group S.A. Registered Shares

     25,757        2,843,061  

Daetwyler Holding AG Bearer Shares

     16,682        3,181,008  

EFG International AG*

     910,251        7,271,742  

GAM Holding AG*

     737,055        12,353,522  

Implenia AG Registered Shares*

     48,597        3,844,217  

Kudelski S.A. Bearer Shares(a)

     108,441        1,132,425  

Mobilezone Holding AG Registered Shares(a)

     115,208        1,474,990  

Oriflame Holding AG

     156,663        7,482,591  

Tecan Group AG Registered Shares

     11,544        2,437,549  

u-blox Holding AG*

     7,121        1,279,043  

Valiant Holding AG Registered Shares

     44,840        5,300,635  

Zehnder Group AG

     31,061        1,428,819  
     

 

 

 
Total Switzerland               53,217,037  
United Kingdom – 24.4%  

A.G. Barr PLC

     158,578        1,461,518  

AA PLC

     1,443,087        1,629,612  

Abcam PLC

     120,939        2,102,004  

Ascential PLC

     326,111        1,906,729  

AVEVA Group PLC

     76,134        2,040,963  

BCA Marketplace PLC

     1,351,187        3,070,621  

BGEO Group PLC

     49,760        2,482,206  

Big Yellow Group PLC

     347,640        4,159,820  

Bodycote PLC

     229,439        2,880,620  

Bovis Homes Group PLC

     370,365        5,917,652  

Brewin Dolphin Holdings PLC

     681,462        3,296,132  

Card Factory PLC

     1,489,375        3,950,857  

 

See Notes to Financial Statements.

 

44   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Central Asia Metals PLC

     477,833      $ 2,138,270  

Chesnara PLC

     394,784        2,159,832  

Cineworld Group PLC

     932,786        3,085,472  

Clarkson PLC

     43,727        1,852,475  

Clinigen Group PLC*

     48,436        606,079  

CMC Markets PLC(b)

     961,643        2,282,496  

Coats Group PLC

     1,099,767        1,181,749  

Computacenter PLC

     177,386        2,856,650  

Concentric AB

     107,201        1,881,663  

Connect Group PLC

     1,100,621        864,613  

Consort Medical PLC

     82,047        1,289,070  

Costain Group PLC

     218,671        1,424,862  

Countryside Properties PLC(b)

     585,220        2,576,130  

Cranswick PLC

     47,391        1,890,694  

Crest Nicholson Holdings PLC

     666,568        4,248,920  

Dairy Crest Group PLC

     317,253        2,278,618  

De La Rue PLC

     226,215        1,615,232  

Debenhams PLC(a)

     6,559,364        1,921,268  

Dechra Pharmaceuticals PLC

     68,644        2,530,601  

Devro PLC

     358,697        986,233  

DFS Furniture PLC

     532,942        1,377,100  

Diploma PLC

     146,093        2,338,357  

Domino’s Pizza Group PLC

     734,627        3,405,917  

Dunelm Group PLC

     498,689        3,686,686  

Elementis PLC

     1,181,493        4,895,955  

EMIS Group PLC

     110,569        1,259,462  

Epwin Group PLC

     584,213        643,744  

Equiniti Group PLC(b)

     494,165        2,069,246  

Essentra PLC

     522,252        3,104,823  

esure Group PLC

     1,136,957        3,451,414  

Euromoney Institutional Investor PLC

     108,645        1,865,464  

FDM Group Holdings PLC

     165,951        2,374,520  

Ferrexpo PLC

     434,528        1,489,145  

Fidessa Group PLC

     81,369        4,183,393  

Galliford Try PLC

     350,249        4,102,600  

Games Workshop Group PLC

     105,395        3,407,899  

Genus PLC

     50,746        1,658,645  

Go-Ahead Group PLC

     140,626        3,460,118  

Greggs PLC

     187,566        3,233,715  

Halfords Group PLC

     575,927        2,633,788  

Hastings Group Holdings PLC(b)

     1,130,241        4,147,673  

Headlam Group PLC

     56,552        353,024  

Helical PLC

     225,177        1,020,287  

Hill & Smith Holdings PLC

     98,379        1,834,101  

Hilton Food Group PLC

     127,701        1,486,853  

Ibstock PLC(b)

     749,522        2,965,031  

ITE Group PLC

     508,183        1,113,517  

J D Wetherspoon PLC

     82,482        1,317,888  

James Fisher & Sons PLC

     46,868        1,033,534  

James Halstead PLC(a)

     215,983        1,257,371  

John Laing Group PLC(b)

     636,344        2,404,835  

John Menzies PLC

     147,286        1,297,528  

Johnson Service Group PLC

     624,569        1,186,301  

Just Group PLC

     1,429,374        2,730,981  

Kcom Group PLC

     2,226,922      2,877,136  

Keller Group PLC

     149,194        1,820,817  

Kier Group PLC

     314,456        4,122,256  

Lookers PLC

     738,609        903,497  

Low & Bonar PLC

     655,820        515,191  

Marshalls PLC

     349,557        2,050,679  

Marston’s PLC

     2,087,663        2,954,931  

McCarthy & Stone PLC(b)

     928,653        1,882,422  

McColl’s Retail Group PLC

     273,202        862,307  

Mears Group PLC

     194,869        907,563  

Millennium & Copthorne Hotels PLC

     324,179        2,442,052  

Mitchells & Butlers PLC

     792,535        2,772,750  

Morgan Advanced Materials PLC

     711,181        3,176,501  

Morgan Sindall Group PLC

     73,262        1,202,432  

N Brown Group PLC

     801,705        1,984,975  

NCC Group PLC

     498,177        1,314,523  

Northgate PLC

     222,842        1,055,972  

Numis Corp. PLC

     336,233        1,721,587  

OneSavings Bank PLC

     343,374        1,796,685  

Pagegroup PLC

     743,564        5,596,079  

Pan African Resources PLC

     7,730,712        777,561  

PayPoint PLC

     210,549        2,356,958  

Pendragon PLC

     3,477,679        1,131,809  

Pets at Home Group PLC(a)

     1,389,091        3,293,162  

Photo-Me International PLC

     1,158,756        2,675,578  

Polar Capital Holdings PLC

     218,959        1,578,780  

Polypipe Group PLC

     283,305        1,383,022  

PZ Cussons PLC

     634,700        2,035,356  

Rank Group PLC

     474,272        1,373,863  

Redde PLC

     1,148,774        2,710,543  

Renewi PLC

     1,511,566        1,590,319  

Restaurant Group PLC (The)(a)

     536,086        1,908,630  

Ricardo PLC

     101,635        1,305,974  

RPS Group PLC

     451,632        1,615,551  

RWS Holdings PLC

     209,162        1,296,883  

Safestore Holdings PLC

     370,006        2,548,508  

Savills PLC

     274,235        3,775,800  

Senior PLC

     637,883        2,689,836  

SIG PLC

     806,429        1,530,593  

Soco International PLC

     771,429        993,423  

Softcat PLC

     186,521        1,784,464  

Spire Healthcare Group PLC(b)

     264,555        776,378  

Spirent Communications PLC

     909,201        1,471,843  

St. Modwen Properties PLC

     274,872        1,493,777  

Stagecoach Group PLC

     1,992,174        3,688,901  

SThree PLC

     272,259        1,233,618  

Stock Spirits Group PLC

     508,030        1,770,971  

Superdry PLC

     141,250        3,093,051  

Synthomer PLC

     466,110        3,135,908  

TalkTalk Telecom Group PLC(a)

     4,946,368        8,035,090  

TBC Bank Group PLC

     69,408        1,791,526  

Ted Baker PLC

     59,688        2,093,258  

Telecom Plus PLC

     178,209        3,054,897  

Trinity Mirror PLC

     712,541        794,644  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      45  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2018

 

  

 

 

Investments   Shares      Value  

TT electronics PLC

    354,782      $ 990,400  

Tyman PLC

    315,337        1,318,217  

Ultra Electronics Holdings PLC

    100,575        1,951,228  

Unite Group PLC (The)

    415,367        4,611,887  

Vedanta Resources PLC

    979,038        9,712,646  

Vesuvius PLC

    457,915        3,748,189  

Victrex PLC

    132,459        4,771,690  

Virgin Money Holdings UK PLC

    449,121        1,655,711  

ZPG PLC(b)

    430,114        2,027,303  
    

 

 

 
Total United Kingdom              298,898,677  
TOTAL COMMON STOCKS (Cost: $1,100,999,504)              1,208,899,195  
RIGHTS – 0.1%  
Italy – 0.1%  

Anima Holding SpA, expiring 4/12/18*

    1,147,050        437,317  

Immobiliare Grande Distribuzione SIIQ SpA, expiring 4/13/18*

    458,496        487,532  
    

 

 

 
Total Italy              924,849  
United Kingdom – 0.0%  
Galliford Try PLC, expiring 4/13/18*     116,750        458,574  

TOTAL RIGHTS

(Cost: $0)

             1,383,423  
EXCHANGE-TRADED FUND – 0.4%  
United States – 0.4%  
WisdomTree International MidCap Dividend Fund(c)
(Cost: $5,273,897)
    76,220        5,240,125  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.7%  
United States – 4.7%  

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.74%(d)

 

  
(Cost: $57,256,757)(e)      57,256,757      57,256,757  

TOTAL INVESTMENTS IN SECURITIES – 104.0%

(Cost: $1,163,530,158)

 

 

     1,272,779,500  

Other Assets less Liabilities – (4.0)%

        (48,697,206
     

 

 

 
NET ASSETS – 100.0%             $ 1,224,082,294  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $72,078,311 and the total market value of the collateral held by the Fund was $76,358,964. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $19,102,207.

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
 
State Street Bank and Trust     4/3/2018       1,489,800       NOK       154,451       EUR     $     $ (191
State Street Bank and Trust     4/3/2018       2,688,865       USD       22,452,400       SEK       7,917        
                                            $ 7,917     $ (191

 

CURRENCY LEGEND

NOK – Norwegian krone

SEK – Swedish krona

USD – U.S. dollar

 

See Notes to Financial Statements.

 

46   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%  
Germany – 99.4%  
Aerospace & Defense – 0.7%  

MTU Aero Engines AG

     3,636      $ 611,734  
Air Freight & Logistics – 4.0%  

Deutsche Post AG Registered Shares

     83,887        3,664,544  
Airlines – 1.3%  

Deutsche Lufthansa AG Registered Shares

     37,718        1,203,292  
Auto Components – 3.6%  

Continental AG

     9,062        2,499,802  

ElringKlinger AG

     3,642        67,814  

Hella GmbH & Co. KGaA

     11,374        746,976  

Leoni AG

     229        14,623  
     

 

 

 
Total Auto Components               3,329,215  
Automobiles – 13.7%  

Bayerische Motoren Werke AG

     46,916        5,086,225  

Daimler AG Registered Shares

     64,478        5,469,203  

Volkswagen AG

     9,628        1,925,347  
     

 

 

 
Total Automobiles               12,480,775  
Capital Markets – 3.2%  

AURELIUS Equity Opportunities SE & Co. KGaA

     7,998        556,737  

Deutsche Bank AG Registered Shares

     59,465        828,305  

Deutsche Boerse AG

     11,427        1,554,317  
     

 

 

 
Total Capital Markets               2,939,359  
Chemicals – 12.8%  

BASF SE

     49,898        5,060,943  

Covestro AG(a)

     12,049        1,183,403  

Evonik Industries AG

     40,111        1,412,826  

Fuchs Petrolub SE

     6,658        338,588  

K+S AG Registered Shares

     12,667        365,160  

LANXESS AG

     4,851        371,086  

Linde AG*

     8,248        1,735,605  

Symrise AG

     6,356        510,915  

Wacker Chemie AG

     4,085        669,942  
     

 

 

 
Total Chemicals               11,648,468  
Commercial Services & Supplies – 0.1%  

Bilfinger SE

     2,563        116,628  
Construction & Engineering – 0.7%  

Hochtief AG

     3,342        623,511  
Construction Materials – 1.0%  

HeidelbergCement AG

     9,408        923,089  
Diversified Telecommunication Services – 4.2%  

Deutsche Telekom AG Registered Shares

     236,235        3,849,572  
Electrical Equipment – 0.5%  

OSRAM Licht AG

     6,462        474,930  
Electronic Equipment, Instruments & Components – 0.0%  

Jenoptik AG

     641        22,641  
Food Products – 0.3%  

Suedzucker AG

     16,404        278,206  
Health Care Equipment & Supplies – 0.1%  

Carl Zeiss Meditec AG Bearer Shares

     1,455      92,782  
Health Care Providers & Services – 1.9%  

Fresenius Medical Care AG & Co. KGaA

     8,721        890,004  

Fresenius SE & Co. KGaA

     10,441        796,904  
     

 

 

 
Total Health Care Providers & Services               1,686,908  
Health Care Technology – 0.1%  

CompuGroup Medical SE

     945        51,067  
Hotels, Restaurants & Leisure – 1.6%  

bet-at-home.com AG

     250        21,076  

TUI AG

     67,385        1,442,413  
     

 

 

 
Total Hotels, Restaurants & Leisure               1,463,489  
Household Products – 1.2%  

Henkel AG & Co. KGaA

     8,766        1,102,883  
Independent Power & Renewable Electricity Producers – 1.1%  

Uniper SE

     33,307        1,013,825  
Industrial Conglomerates – 5.6%  

Indus Holding AG

     1,268        88,733  

Rheinmetall AG

     5,200        737,689  

Siemens AG Registered Shares

     33,456        4,259,421  
     

 

 

 
Total Industrial Conglomerates               5,085,843  
Insurance – 13.6%  

Allianz SE Registered Shares

     25,993        5,862,840  

Hannover Rueck SE

     12,743        1,738,023  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     15,827        3,675,935  

Talanx AG

     26,637        1,157,722  
     

 

 

 
Total Insurance               12,434,520  
Internet & Catalog Retail – 0.1%  

Takkt AG

     2,811        63,957  
IT Services – 0.2%  

Bechtle AG

     1,025        82,947  

Wirecard AG

     560        66,062  
     

 

 

 
Total IT Services               149,009  
Life Sciences Tools & Services – 0.1%  

Gerresheimer AG

     867        71,068  
Machinery – 4.2%  

DMG MORI AG

     6,860        393,154  

Duerr AG

     3,657        400,913  

GEA Group AG

     13,279        564,243  

KION Group AG

     6,236        580,876  

Krones AG

     2,445        328,964  

MAN SE

     10,789        1,257,224  

NORMA Group SE

     801        59,895  

Pfeiffer Vacuum Technology AG

     454        70,520  

Wacker Neuson SE

     2,660        92,057  

Washtec AG

     805        76,628  
     

 

 

 
Total Machinery               3,824,474  
Media – 2.9%  

Axel Springer SE

     10,629        888,902  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      47  


Table of Contents

Schedule of Investments (continued)

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

CTS Eventim AG & Co. KGaA

     9,624      $ 450,481  

ProSiebenSat.1 Media SE

     28,056        972,342  

Stroeer SE & Co. KGaA

     5,208        363,487  
     

 

 

 
Total Media               2,675,212  
Metals & Mining – 0.9%  

Aurubis AG

     4,976        417,856  

Salzgitter AG

     907        46,337  

ThyssenKrupp AG

     14,215        370,450  
     

 

 

 
Total Metals & Mining               834,643  
Multi-Utilities – 3.8%  

E.ON SE

     101,157        1,122,160  

Innogy SE(a)

     49,325        2,333,682  
     

 

 

 
Total Multi-Utilities               3,455,842  
Personal Products – 0.8%  

Beiersdorf AG

     6,330        716,371  
Pharmaceuticals – 4.8%  

Bayer AG Registered Shares

     32,911        3,715,256  

Merck KGaA

     4,638        444,345  

STADA Arzneimittel AG

     1,803        185,465  
     

 

 

 
Total Pharmaceuticals               4,345,066  
Road & Rail – 0.3%  

Sixt SE

     1,633        176,835  

VTG AG(b)

     919        51,934  
     

 

 

 
Total Road & Rail               228,769  
Semiconductors & Semiconductor Equipment – 1.0%  

Infineon Technologies AG

     35,388        946,167  
Software – 3.9%  

Nemetschek SE

     619        69,277  

SAP SE

     32,287        3,374,004  

Software AG

     2,084        108,979  
     

 

 

 
Total Software               3,552,260  
Specialty Retail – 1.0%  

CECONOMY AG

     24,673        283,717  

Fielmann AG

     7,278        588,071  
     

 

 

 
Total Specialty Retail               871,788  
Technology Hardware, Storage & Peripherals – 0.3%  

Diebold Nixdorf AG*

     3,620      299,178  
Textiles, Apparel & Luxury Goods – 2.4%  

adidas AG

     6,181        1,494,875  

Hugo Boss AG

     8,362        727,697  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               2,222,572  
Thrifts & Mortgage Finance – 0.6%  

Aareal Bank AG

     12,187        580,642  
Trading Companies & Distributors – 0.7%  

BayWa AG

     1,650        58,138  

Brenntag AG

     9,741        578,633  

Kloeckner & Co. SE

     3,622        45,436  
     

 

 

 
Total Trading Companies & Distributors               682,207  
Transportation Infrastructure – 0.1%  

Hamburger Hafen und Logistik AG

     4,119        92,450  

TOTAL COMMON STOCKS

(Cost: $80,854,845)

              90,708,956  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%  
United States – 0.0%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $6,890)(d)      6,890        6,890  
TOTAL INVESTMENTS IN SECURITIES – 99.4%
(Cost: $80,861,735)
        90,715,846  

Other Assets less Liabilities – 0.6%

        586,490  
     

 

 

 
NET ASSETS – 100.0%             $ 91,302,336  
* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $6,555 and the total market value of the collateral held by the Fund was $6,890.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Bank of America N.A.     4/4/2018       15,973,662       EUR       19,646,358       USD     $     $ (1,143
Bank of America N.A.     4/4/2018       19,979,347       USD       16,338,667       EUR             (114,770
Bank of America N.A.     5/3/2018       18,921,187       USD       15,352,536       EUR       844        
Bank of Montreal     4/4/2018       19,979,347       USD       16,338,948       EUR             (115,115
Barclays Bank PLC     4/4/2018       15,974,207       EUR       19,646,358       USD             (472
Barclays Bank PLC     4/4/2018       19,979,347       USD       16,339,148       EUR             (115,362
Barclays Bank PLC     5/3/2018       18,921,187       USD       15,353,308       EUR             (108
Canadian Imperial Bank of Commerce     4/4/2018       19,979,347       USD       16,339,549       EUR             (115,855
Citibank N.A.     4/4/2018       15,974,116       EUR       19,646,358       USD             (584
Citibank N.A.     5/3/2018       18,921,187       USD       15,353,159       EUR       76        
Credit Suisse International     4/4/2018       15,974,194       EUR       19,646,358       USD             (488

 

See Notes to Financial Statements.

 

48   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2018

 

  

 

 

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     5/3/2018       18,921,187       USD       15,353,458       EUR     $     $ (292
Goldman Sachs     4/4/2018       12,170,826       EUR       14,968,655       USD             (360
Goldman Sachs     5/3/2018       14,416,146       USD       11,697,524       EUR       210        
State Street Bank and Trust     4/4/2018       15,222,362       USD       12,448,643       EUR             (87,607
UBS AG     4/3/2018       24,500       USD       19,912       EUR       11        

UBS AG

    4/4/2018       1,278,570       EUR       1,585,663       USD             (13,213
                                            $ 1,141     $ (565,369

 

CURRENCY LEGEND

EUR – Euro

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      49  


Table of Contents

Schedule of Investments

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
Australia – 5.7%      

BHP Billiton Ltd.

     91,241      $ 1,974,316  

Rio Tinto Ltd.

     39,790        2,218,871  

Telstra Corp., Ltd.

     1,156,187        2,784,719  

Wesfarmers Ltd.

     81,602        2,601,357  

Woodside Petroleum Ltd.

     80,787        1,811,935  
     

 

 

 
Total Australia               11,391,198  
Austria – 0.8%  

OMV AG

     25,647        1,491,305  
Belgium – 0.9%  

Anheuser-Busch InBev S.A.

     16,338        1,793,929  
China – 1.4%  

CNOOC Ltd.

     1,898,000        2,795,622  
Denmark – 0.8%  

Novo Nordisk A/S Class B

     33,702        1,654,267  
Finland – 2.9%  

Kone Oyj Class B

     37,145        1,851,524  

Nokia Oyj

     247,045        1,362,670  

UPM-Kymmene Oyj

     69,957        2,589,703  
     

 

 

 
Total Finland               5,803,897  
France – 13.7%  

Air Liquide S.A.

     11,531        1,410,766  

Bouygues S.A.

     52,060        2,606,499  

Capgemini SE

     8,438        1,050,201  

Carrefour S.A.

     62,299        1,291,021  

Cie Generale des Etablissements Michelin SCA

     11,768        1,735,299  

Electricite de France S.A.

     393,717        5,694,345  

Engie S.A.

     251,681        4,195,679  

Orange S.A.

     120,458        2,042,183  

Renault S.A.

     21,525        2,607,544  

Sanofi

     18,545        1,490,019  

TOTAL S.A.

     54,370        3,084,573  
     

 

 

 
Total France               27,208,129  
Germany – 7.7%  

BASF SE

     19,643        1,992,306  

Bayerische Motoren Werke AG

     23,690        2,568,264  

Daimler AG Registered Shares

     36,516        3,097,389  

Evonik Industries AG

     59,053        2,080,019  

Innogy SE(a)

     58,487        2,767,157  

Telefonica Deutschland Holding AG

     607,943        2,853,143  
     

 

 

 
Total Germany               15,358,278  
Italy – 5.8%  

Atlantia SpA

     72,095        2,229,952  

Enel SpA

     509,622        3,114,991  

Eni SpA

     193,851        3,406,370  

Snam SpA

     584,720        2,684,468  
     

 

 

 
Total Italy               11,435,781  
Japan – 17.3%  

Bridgestone Corp.

     36,800        1,600,030  

Canon, Inc.

     59,700        2,162,897  

Daiichi Sankyo Co., Ltd.

     70,600      2,340,720  

Eisai Co., Ltd.(b)

     25,300        1,613,157  

FUJIFILM Holdings Corp.

     26,000        1,037,800  

Hitachi Ltd.

     169,000        1,224,873  

Honda Motor Co., Ltd.

     56,900        1,958,195  

ITOCHU Corp.

     128,200        2,491,070  

Japan Tobacco, Inc.

     46,100        1,329,032  

Mitsubishi Corp.

     93,700        2,521,574  

Mitsui & Co., Ltd.

     143,100        2,452,278  

Nissan Motor Co., Ltd.

     253,100        2,627,385  

Subaru Corp.

     61,100        2,003,345  

Sumitomo Corp.

     144,300        2,430,101  

Takeda Pharmaceutical Co., Ltd.

     33,200        1,618,012  

Tokyo Electron Ltd.

     7,900        1,486,775  

Toyota Motor Corp.

     36,245        2,326,019  

Yahoo Japan Corp.(b)

     219,000        1,017,264  
     

 

 

 
Total Japan               34,240,527  
Netherlands – 0.9%  

Koninklijke Ahold Delhaize N.V.

     70,804        1,675,561  

Steinhoff International Holdings N.V.*

     321,183        88,482  
     

 

 

 
Total Netherlands               1,764,043  
Norway – 4.0%  

Statoil ASA

     157,062        3,694,012  

Telenor ASA

     186,540        4,205,552  
     

 

 

 
Total Norway               7,899,564  
Singapore – 1.2%  

Singapore Telecommunications Ltd.

     905,200        2,326,336  
Spain – 9.0%  

Abertis Infraestructuras S.A.

     130,065        2,914,480  

Amadeus IT Group S.A.

     16,361        1,206,893  

Endesa S.A.

     126,985        2,793,146  

Ferrovial S.A.

     86,661        1,808,131  

Gas Natural SDG S.A.

     96,342        2,297,448  

Iberdrola S.A.

     275,095        2,020,481  

Repsol S.A.

     132,097        2,341,855  

Telefonica S.A.

     254,158        2,509,363  
     

 

 

 
Total Spain               17,891,797  
Sweden – 2.1%  

Telefonaktiebolaget LM Ericsson Class B(b)

     117,459        742,218  

Telia Co. AB

     745,065        3,488,322  
     

 

 

 
Total Sweden               4,230,540  
Switzerland – 6.8%  

Givaudan S.A. Registered Shares

     743        1,688,354  

Kuehne + Nagel International AG Registered Shares

     11,468        1,799,959  

LafargeHolcim Ltd. Registered Shares*

     31,140        1,700,733  

Nestle S.A. Registered Shares

     17,848        1,409,426  

Novartis AG Registered Shares

     22,934        1,850,335  

Roche Holding AG Genusschein

     6,481        1,482,860  

STMicroelectronics N.V.

     44,507        984,444  

Swisscom AG Registered Shares

     5,329        2,635,562  
     

 

 

 
Total Switzerland               13,551,673  

 

See Notes to Financial Statements.

 

50   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2018

 

  

 

 

Investments   Shares      Value  
United Kingdom – 18.3%  

AstraZeneca PLC

    32,208      $ 2,211,855  

BHP Billiton PLC

    123,231        2,426,382  

BP PLC

    564,368        3,794,200  

British American Tobacco PLC

    23,220        1,345,591  

BT Group PLC

    662,370        2,113,868  

Centrica PLC

    1,243,247        2,480,006  

GlaxoSmithKline PLC

    116,967        2,287,293  

Imperial Brands PLC

    50,796        1,728,686  

National Grid PLC

    168,661        1,897,986  

Rio Tinto PLC

    55,997        2,836,534  

Royal Dutch Shell PLC Class A

    141,734        4,440,744  

SSE PLC

    172,557        3,088,723  

Unilever N.V. CVA

    24,738        1,395,551  

Unilever PLC

    25,430        1,411,054  

Vodafone Group PLC

    1,085,412        2,957,225  
    

 

 

 
Total United Kingdom              36,415,698  

TOTAL COMMON STOCKS

(Cost: $203,166,694)

             197,252,584  
EXCHANGE-TRADED FUND – 0.1%  
United States – 0.1%  
WisdomTree International LargeCap Dividend Fund(b)(c)
(Cost: $117,782)
    2,611        130,035  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%  
United States – 0.4%  

State Street Navigator Securities Lending Government Money Market Portfolio,1.74%(d)

     
(Cost: $931,270)(e)      931,270      931,270  

TOTAL INVESTMENTS IN SECURITIES – 99.8%

(Cost: $204,215,746)

        198,313,889  

Other Assets less Liabilities – 0.2%

        332,119  
     

 

 

 
NET ASSETS – 100.0%             $ 198,646,008  

 

* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $1,854,574 and the total market value of the collateral held by the Fund was $1,988,335. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,057,065.

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 Montreal     4/2/2018       49,621       SGD       37,936       USD     $     $ (95
Goldman Sachs     4/3/2018       304,951       NOK       28,001       GBP             (436
                                            $     $ (531

 

CURRENCY LEGEND

GBP – British pound

NOK – Norwegian krone

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      51  


Table of Contents

Schedule of Investments

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 6.9%      

Adelaide Brighton Ltd.(a)

     89,494      $ 426,980  

AGL Energy Ltd.

     38,584        641,638  

Alumina Ltd.

     302,300        547,235  

Amcor Ltd.

     71,867        781,129  

AMP Ltd.

     238,500        912,878  

APN Outdoor Group Ltd.(a)

     159,744        568,547  

Aristocrat Leisure Ltd.

     22,277        411,127  

ASX Ltd.

     15,382        661,439  

Aurizon Holdings Ltd.

     188,293        610,939  

Australia & New Zealand Banking Group Ltd.

     227,793        4,693,211  

Bank of Queensland Ltd.

     68,922        579,418  

Bendigo & Adelaide Bank Ltd.

     48,000        362,293  

BHP Billiton Ltd.

     153,113        3,313,133  

Boral Ltd.

     65,803        375,528  

Brambles Ltd.

     81,161        621,300  

Cabcharge Australia Ltd.

     312,094        426,117  

Caltex Australia Ltd.

     17,744        427,371  

carsales.com Ltd.

     43,708        452,939  

CIMIC Group Ltd.

     15,288        521,485  

Cleanaway Waste Management Ltd.

     207,715        230,229  

Coca-Cola Amatil Ltd.

     71,478        475,352  

Cochlear Ltd.

     3,922        546,380  

Commonwealth Bank of Australia

     120,726        6,696,114  

Crown Resorts Ltd.

     72,174        702,532  

CSL Ltd.

     12,752        1,520,620  

Flight Centre Travel Group Ltd.(a)

     10,132        442,912  

Fortescue Metals Group Ltd.

     335,304        1,113,654  

Harvey Norman Holdings Ltd.(a)

     183,871        520,431  

Healthscope Ltd.

     224,340        332,975  

Insurance Australia Group Ltd.

     160,779        922,475  

IRESS Ltd.

     50,308        366,207  

JB Hi-Fi Ltd.(a)

     25,402        502,898  

Link Administration Holdings Ltd.

     71,023        454,348  

Macquarie Group Ltd.

     26,109        2,060,769  

Magellan Financial Group Ltd.

     11,624        212,562  

Medibank Pvt Ltd.

     188,992        420,402  

National Australia Bank Ltd.

     240,096        5,246,879  

Newcrest Mining Ltd.

     19,601        294,084  

Perpetual Ltd.

     9,973        356,098  

Premier Investments Ltd.(a)

     33,482        405,525  

Qantas Airways Ltd.

     128,247        573,508  

QBE Insurance Group Ltd.

     87,966        649,778  

Ramsay Health Care Ltd.

     8,796        420,471  

REA Group Ltd.

     8,091        491,593  

Rio Tinto Ltd.

     27,705        1,544,956  

Sonic Healthcare Ltd.

     36,007        631,927  

South32 Ltd.

     226,423        559,242  

Star Entertainment Grp Ltd. (The)

     110,888        449,950  

Suncorp Group Ltd.

     104,633        1,070,652  

Tabcorp Holdings Ltd.

     250,350        843,016  

Telstra Corp., Ltd.

     1,333,156        3,210,955  

Treasury Wine Estates Ltd.

     46,877        606,235  

Wesfarmers Ltd.

     91,355      2,912,269  

Westpac Banking Corp.

     275,201        6,041,479  

Woodside Petroleum Ltd.

     46,468        1,042,209  

Woolworths Group Ltd.

     49,175        991,650  
     

 

 

 
Total Australia               63,198,043  
Austria – 0.4%  

Andritz AG

     10,761        600,843  

Erste Group Bank AG*

     24,436        1,226,147  

Oesterreichische Post AG

     14,669        728,482  

OMV AG

     17,699        1,029,150  
     

 

 

 
Total Austria               3,584,622  
Belgium – 1.9%  

Ageas

     15,451        797,341  

Anheuser-Busch InBev S.A.

     96,909        10,640,710  

Bekaert S.A.

     6,063        258,147  

Euronav N.V.(a)

     90,604        750,477  

KBC Group N.V.

     23,152        2,013,646  

Proximus SADP

     28,329        879,024  

Solvay S.A.

     5,385        747,377  

UCB S.A.

     6,599        537,102  

Umicore S.A.

     18,520        977,809  
     

 

 

 
Total Belgium               17,601,633  
China – 2.5%  

Beijing Enterprises Holdings Ltd.

     78,000        407,477  

China Mobile Ltd.

     1,072,481        9,832,066  

China Overseas Land & Investment Ltd.

     493,175        1,712,348  

China Power International Development Ltd.

     1,809,866        465,824  

China Resources Power Holdings Co., Ltd.

     486,000        886,755  

CITIC Ltd.

     1,232,000        1,723,604  

CNOOC Ltd.

     2,895,700        4,265,165  

Fosun International Ltd.

     308,487        668,206  

Guangdong Investment Ltd.

     498,000        783,013  

Lenovo Group Ltd.

     1,097,003        560,501  

Shenzhen Investment Ltd.

     1,234,000        523,581  

Sino-Ocean Group Holding Ltd.

     869,000        630,023  

Sun Art Retail Group Ltd.

     678,000        788,724  
     

 

 

 
Total China               23,247,287  
Denmark – 1.4%  

AP Moller – Maersk A/S Class B

     286        440,922  

Carlsberg A/S Class B

     3,635        432,297  

Chr Hansen Holding A/S

     8,380        720,352  

Coloplast A/S Class B

     9,110        767,471  

Danske Bank A/S

     48,050        1,786,941  

FLSmidth & Co. A/S

     5,462        350,291  

Jyske Bank A/S Registered Shares

     3,279        193,573  

Novo Nordisk A/S Class B

     86,144        4,228,389  

Novozymes A/S Class B

     9,349        481,880  

Orsted A/S(b)

     11,932        771,724  

Pandora A/S

     3,243        347,688  

SimCorp A/S

     4,477        310,093  

Spar Nord Bank A/S

     20,050        237,852  

Sydbank A/S

     8,681        318,256  

 

See Notes to Financial Statements.

 

52   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Tryg A/S

     28,595      $ 662,871  

Vestas Wind Systems A/S

     6,924        491,006  
     

 

 

 
Total Denmark               12,541,606  
Finland – 1.6%  

Aktia Bank Oyj

     20,012        225,936  

Amer Sports Oyj*(a)

     8,610        265,467  

Cargotec Oyj Class B

     2,902        154,396  

Cramo Oyj

     5,755        119,969  

Elisa Oyj

     19,768        893,941  

Fortum Oyj(a)

     112,294        2,409,929  

Kemira Oyj

     13,593        173,860  

Kesko Oyj Class B

     8,866        507,683  

Kone Oyj Class B

     24,498        1,221,123  

Metsa Board Oyj(a)

     22,661        227,277  

Metso Oyj

     11,455        360,792  

Neste Oyj(a)

     16,306        1,135,053  

Nokia Oyj

     291,992        1,610,593  

Nokian Renkaat Oyj(a)

     9,284        421,322  

Sampo Oyj Class A

     29,654        1,650,631  

Sanoma Oyj

     19,103        223,779  

Stora Enso Oyj Class R(a)

     34,025        624,546  

Technopolis Oyj

     64,123        289,422  

UPM-Kymmene Oyj

     40,735        1,507,949  

Uponor Oyj

     10,695        178,490  

Valmet Oyj

     8,935        178,896  
     

 

 

 
Total Finland               14,381,054  
France – 11.3%  

Accor S.A.

     14,608        787,794  

Aeroports de Paris

     5,048        1,098,866  

Air Liquide S.A.

     14,727        1,801,783  

Airbus SE

     22,322        2,575,065  

Amundi S.A.(b)

     8,238        661,182  

Atos SE

     2,884        394,059  

AXA S.A.

     159,334        4,232,671  

BNP Paribas S.A.

     72,348        5,353,759  

Bourbon Corp.(a)

     8,017        46,932  

Bouygues S.A.

     25,796        1,291,534  

Capgemini SE

     7,410        922,255  

Carrefour S.A.(a)

     35,994        745,903  

Casino Guichard Perrachon S.A.

     13,117        642,213  

Christian Dior SE

     4,427        1,747,155  

Cie de Saint-Gobain

     27,326        1,440,391  

Cie Generale des Etablissements Michelin SCA

     8,381        1,235,854  

Cie Plastic Omnium S.A.

     5,644        270,016  

CNP Assurances

     41,082        1,035,757  

Coface S.A.

     22,941        262,108  

Credit Agricole S.A.

     178,299        2,895,607  

Danone S.A.

     25,823        2,087,481  

Edenred

     16,643        578,028  

Eiffage S.A.

     4,991        567,659  

Electricite de France S.A.

     345,240        4,993,220  

Elior Group S.A.(b)

     6,662        144,693  

Elis S.A.

     10,444        258,176  

Engie S.A.

     270,890      4,515,905  

Essilor International Cie Generale d’Optique S.A.

     5,266        709,813  

Eurazeo S.A.

     3,756        345,294  

Eutelsat Communications S.A.

     19,094        378,073  

Fonciere Des Regions

     3,652        402,655  

Hermes International

     1,351        800,026  

ICADE

     4,334        420,551  

Imerys S.A.

     2,963        287,515  

Kering S.A.

     3,927        1,877,757  

Klepierre S.A.

     16,805        676,865  

Korian S.A.

     4,677        158,180  

L’Oreal S.A.

     15,466        3,487,476  

Lagardere SCA

     15,109        431,098  

Legrand S.A.

     7,069        553,796  

LVMH Moet Hennessy Louis Vuitton SE(a)

     14,212        4,373,154  

Manitou BF S.A.

     6,469        274,479  

Metropole Television S.A.

     21,177        544,852  

Natixis S.A.

     237,229        1,942,513  

Nexity S.A.*(a)

     7,605        486,824  

Orange S.A.

     154,511        2,619,500  

Pernod Ricard S.A.

     7,632        1,269,486  

Peugeot S.A.

     31,851        765,812  

Publicis Groupe S.A.

     11,610        807,881  

Rallye S.A.(a)

     15,242        228,694  

Remy Cointreau S.A.

     3,258        463,994  

Renault S.A.

     15,836        1,918,377  

Safran S.A.

     12,773        1,350,650  

Sanofi

     70,608        5,673,080  

Schneider Electric SE*

     26,886        2,358,911  

SCOR SE

     20,726        847,793  

SEB S.A.

     1,063        202,898  

Societe Generale S.A.

     53,279        2,893,593  

Sodexo S.A.

     6,665        671,330  

SPIE S.A.

     10,644        235,237  

Suez

     34,777        503,409  

Tarkett S.A.

     3,592        120,248  

Thales S.A.

     8,254        1,004,358  

TOTAL S.A.

     206,794        11,732,044  

Unibail-Rodamco SE

     4,940        1,127,909  

Valeo S.A.

     10,450        689,378  

Veolia Environnement S.A.

     40,820        966,147  

Vicat S.A.

     2,406        181,536  

Vinci S.A.

     29,994        2,947,362  

Vivendi S.A.

     47,124        1,217,065  

Wendel S.A.

     2,205        343,588  
     

 

 

 
Total France               103,877,267  
Germany – 8.1%  

Aareal Bank AG

     12,992        618,996  

adidas AG

     4,474        1,082,037  

Allianz SE Registered Shares

     28,052        6,327,257  

AURELIUS Equity Opportunities SE & Co. KGaA

     5,347        372,202  

Aurubis AG

     2,336        196,164  

Axel Springer SE

     8,765        733,015  

BASF SE

     50,310        5,102,730  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      53  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Bayer AG Registered Shares

     30,937      $ 3,492,415  

Bayerische Motoren Werke AG

     37,338        4,047,862  

Beiersdorf AG

     5,440        615,649  

Brenntag AG

     7,050        418,782  

CECONOMY AG

     23,717        272,724  

Continental AG

     5,800        1,599,962  

Covestro AG(b)

     6,022        591,456  

Daimler AG Registered Shares

     80,774        6,851,476  

Deutsche Bank AG Registered Shares

     37,522        522,655  

Deutsche Boerse AG

     7,564        1,028,866  

Deutsche Lufthansa AG Registered Shares

     19,134        610,419  

Deutsche Post AG Registered Shares

     62,504        2,730,443  

Deutsche Telekom AG Registered Shares

     254,405        4,145,661  

Deutsche Wohnen SE Bearer Shares

     11,628        541,997  

Duerr AG

     2,949        323,296  

E.ON SE

     79,380        880,582  

Evonik Industries AG

     22,802        803,153  

Fielmann AG

     6,347        512,845  

Fraport AG Frankfurt Airport Services Worldwide

     5,070        499,451  

Freenet AG

     20,370        619,036  

Fresenius Medical Care AG & Co. KGaA

     7,016        716,004  

Fresenius SE & Co. KGaA

     11,284        861,246  

Hannover Rueck SE

     8,369        1,141,451  

HeidelbergCement AG

     5,398        529,638  

Hella GmbH & Co. KGaA

     3,701        243,060  

Henkel AG & Co. KGaA

     5,097        641,272  

Hugo Boss AG

     4,457        387,867  

Indus Holding AG

     6,760        473,055  

Infineon Technologies AG

     30,862        825,156  

Innogy SE(b)

     35,108        1,661,042  

KION Group AG

     3,451        321,457  

LANXESS AG

     2,665        203,864  

LEG Immobilien AG

     3,472        390,026  

Leoni AG

     3,289        210,015  

Linde AG*

     6,213        1,307,385  

MAN SE

     3,965        462,035  

Merck KGaA

     5,077        486,404  

MTU Aero Engines AG

     3,361        565,467  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     9,785        2,272,637  

ProSiebenSat.1 Media SE

     22,775        789,317  

Rheinmetall AG

     2,586        366,858  

SAP SE

     30,113        3,146,820  

Siemens AG Registered Shares

     33,624        4,280,810  

Stroeer SE & Co. KGaA

     4,063        283,573  

Symrise AG

     8,711        700,217  

Talanx AG

     6,925        300,981  

Telefonica Deutschland Holding AG

     277,419        1,301,958  

ThyssenKrupp AG

     9,613        250,520  

TUI AG

     44,087        943,706  

Uniper SE

     23,408        712,511  

Volkswagen AG

     3,861        772,098  

VTG AG

     9,351        528,440  

Wacker Neuson SE

     10,375        359,058  

Zeal Network SE

     13,231      424,703  
     

 

 

 
Total Germany               74,401,782  
Hong Kong – 2.5%  

AIA Group Ltd.

     268,365        2,270,484  

Bank of East Asia Ltd. (The)

     87,658        349,591  

BOC Hong Kong Holdings Ltd.

     562,944        2,740,015  

CLP Holdings Ltd.

     166,500        1,695,061  

Dah Sing Financial Holdings Ltd.

     34,800        219,930  

Galaxy Entertainment Group Ltd.

     88,000        798,899  

Hang Lung Group Ltd.

     44,000        143,802  

Hang Lung Properties Ltd.

     234,000        545,025  

Hang Seng Bank Ltd.

     111,700        2,584,600  

Henderson Land Development Co., Ltd.

     192,281        1,251,935  

Hong Kong & China Gas Co., Ltd.

     587,743        1,207,194  

Hong Kong Exchanges & Clearing Ltd.

     18,600        604,809  

MTR Corp., Ltd.

     282,000        1,516,303  

New World Development Co., Ltd.

     675,861        954,161  

PCCW Ltd.

     1,074,000        621,276  

Power Assets Holdings Ltd.

     151,000        1,345,826  

Sino Land Co., Ltd.

     274,400        444,030  

Sun Hung Kai Properties Ltd.

     110,000        1,737,956  

Swire Pacific Ltd. Class A

     50,500        509,292  

Swire Properties Ltd.

     259,400        908,923  

Wharf Holdings Ltd. (The)

     124,000        425,799  

Wheelock & Co., Ltd.

     57,000        416,517  
     

 

 

 
Total Hong Kong               23,291,428  
Ireland – 0.4%  

C&C Group PLC

     115,362        377,396  

CRH PLC

     26,368        894,059  

DCC PLC

     7,098        653,184  

Kerry Group PLC Class A

     6,587        667,524  

Kingspan Group PLC

     7,622        322,463  

Paddy Power Betfair PLC

     3,272        335,809  
     

 

 

 
Total Ireland               3,250,435  
Israel – 0.4%  

Bezeq Israeli Telecommunication Corp., Ltd.

     504,767        644,105  

Delek Automotive Systems Ltd.

     77,921        583,267  

Harel Insurance Investments & Financial Services Ltd.

     41,459        327,459  

Israel Chemicals Ltd.

     93,565        394,423  

Migdal Insurance & Financial Holding Ltd.*

     590,635        629,690  

Oil Refineries Ltd.

     979,879        452,700  

Sella Capital Real Estate Ltd.

     172,747        335,324  
     

 

 

 
Total Israel               3,366,968  
Italy – 3.6%  

A2A SpA

     238,885        456,701  

ACEA SpA

     27,083        458,985  

Assicurazioni Generali SpA

     125,209        2,406,068  

Atlantia SpA

     59,489        1,840,039  

Banca Generali SpA

     11,978        385,956  

Banca Mediolanum SpA

     73,408        639,188  

Brembo SpA

     18,373        283,354  

 

See Notes to Financial Statements.

 

54   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Buzzi Unicem SpA

     8,106      $ 189,514  

Cementir Holding SpA

     29,751        257,954  

Datalogic SpA

     8,785        274,968  

Davide Campari-Milano SpA

     39,706        300,319  

Enel SpA

     821,080        5,018,734  

Eni SpA

     335,911        5,902,663  

ERG SpA

     26,995        643,412  

Industria Macchine Automatiche SpA

     3,371        327,728  

Intesa Sanpaolo SpA

     1,530,095        5,557,861  

Intesa Sanpaolo SpA RSP

     130,064        492,355  

Iren SpA

     100,852        316,036  

Italgas SpA

     71,345        426,083  

Luxottica Group SpA

     13,589        843,978  

MARR SpA

     16,994        504,528  

OVS SpA(b)

     35,243        215,938  

Piaggio & C. SpA

     228,956        635,248  

Poste Italiane SpA(b)

     118,485        1,081,234  

Snam SpA

     296,304        1,360,341  

Societa Cattolica di Assicurazioni SC

     30,007        319,221  

Terna Rete Elettrica Nazionale SpA

     193,319        1,129,091  

Tod’s SpA(a)

     2,000        145,122  

UnipolSai Assicurazioni SpA

     343,553        816,729  
     

 

 

 
Total Italy               33,229,348  
Japan – 18.5%  

Aeon Co., Ltd.

     35,600        635,846  

Aichi Steel Corp.

     7,900        323,874  

Air Water, Inc.

     8,000        156,164  

Aisin Seiki Co., Ltd.

     11,000        597,837  

Ajinomoto Co., Inc.

     19,900        360,202  

Amada Holdings Co., Ltd.

     37,500        455,571  

ANA Holdings, Inc.

     9,100        352,363  

Aoyama Trading Co., Ltd.

     10,500        413,681  

Aozora Bank Ltd.

     12,400        493,785  

Asahi Glass Co., Ltd.

     10,200        422,482  

Asahi Group Holdings Ltd.

     14,700        783,309  

Asahi Holdings, Inc.

     5,900        109,900  

Asahi Kasei Corp.

     62,400        820,852  

Astellas Pharma, Inc.

     95,300        1,446,302  

Azbil Corp.

     7,500        349,436  

Bandai Namco Holdings, Inc.

     8,600        282,623  

Bridgestone Corp.

     38,600        1,678,292  

Brother Industries Ltd.

     13,100        304,620  

Canon, Inc.

     80,800        2,927,338  

Casio Computer Co., Ltd.(a)

     22,200        331,069  

Chiba Bank Ltd. (The)

     52,000        418,054  

Chubu Electric Power Co., Inc.

     28,900        408,432  

Chugai Pharmaceutical Co., Ltd.

     21,000        1,062,341  

Concordia Financial Group Ltd.

     89,200        492,340  

COOKPAD, Inc.(a)

     98,600        554,422  

Cosmo Energy Holdings Co., Ltd.

     9,900        320,691  

Dai-ichi Life Holdings, Inc.

     45,733        835,321  

Daicel Corp.

     13,200        144,226  

Daiichi Sankyo Co., Ltd.

     44,600        1,478,699  

Daikin Industries Ltd.

     6,400        706,197  

Daito Trust Construction Co., Ltd.

     3,800      657,095  

Daiwa House Industry Co., Ltd.

     26,600        1,025,482  

Daiwa Securities Group, Inc.(a)

     102,000        650,939  

DeNA Co., Ltd.(a)

     5,800        104,711  

Denka Co., Ltd.

     10,600        355,327  

Denso Corp.

     36,000        1,970,099  

Dentsu, Inc.

     8,100        355,684  

DIC Corp.

     4,300        144,142  

Disco Corp.

     2,000        431,594  

East Japan Railway Co.

     7,300        676,940  

Eisai Co., Ltd.

     17,400        1,109,444  

Electric Power Development Co., Ltd.

     10,600        267,317  

FamilyMart UNY Holdings Co., Ltd.

     4,300        362,276  

FANUC Corp.

     6,000        1,521,016  

Fast Retailing Co., Ltd.

     1,200        487,898  

FCC Co., Ltd.

     9,700        272,622  

France Bed Holdings Co., Ltd.(a)

     61,300        542,968  

Fuji Electric Co., Ltd.

     38,000        258,693  

FUJIFILM Holdings Corp.

     16,400        654,612  

Fujitsu Ltd.

     43,000        264,752  

Furukawa Co., Ltd.

     22,900        427,424  

Gurunavi, Inc.(a)

     8,100        112,951  

Hamamatsu Photonics K.K.

     9,200        347,757  

Hino Motors Ltd.

     27,300        351,422  

Hirose Electric Co., Ltd.

     2,205        303,123  

Hitachi Ltd.

     149,000        1,079,917  

Honda Motor Co., Ltd.

     85,100        2,928,688  

Hoya Corp.

     9,900        493,836  

Hulic Co., Ltd.

     34,900        380,996  

Ichigo, Inc.(a)

     60,200        264,914  

Iida Group Holdings Co., Ltd.

     10,400        194,407  

Isuzu Motors Ltd.

     46,800        718,172  

ITOCHU Corp.

     101,400        1,970,316  

Japan Airlines Co., Ltd.

     19,100        769,029  

Japan Exchange Group, Inc.

     29,900        553,860  

Japan Post Holdings Co., Ltd.(a)

     210,800        2,539,114  

Japan Post Insurance Co., Ltd.

     21,500        504,396  

Japan Tobacco, Inc.

     102,944        2,967,807  

JXTG Holdings, Inc.

     164,200        993,846  

kabu.com Securities Co., Ltd.

     215,200        740,604  

Kadokawa Dwango(a)

     26,200        273,209  

Kajima Corp.

     66,000        612,525  

Kaneka Corp.

     36,000        357,123  

Kansai Electric Power Co., Inc. (The)

     25,100        322,630  

Kansai Paint Co., Ltd.(a)

     12,600        293,585  

Kao Corp.

     13,700        1,028,112  

KDDI Corp.(a)

     110,400        2,819,949  

Kirin Holdings Co., Ltd.

     38,800        1,033,390  

Komatsu Ltd.

     38,300        1,277,387  

Kubota Corp.

     44,800        784,369  

Kyoei Steel Ltd.(a)

     23,100        398,358  

Kyoritsu Maintenance Co., Ltd.(a)

     8,200        392,459  

Kyowa Hakko Kirin Co., Ltd.

     23,700        520,798  

Kyushu Financial Group, Inc.

     52,300        258,672  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      55  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Lawson, Inc.

     7,200      $ 490,832  

LIXIL Group Corp.

     22,700        507,148  

Maeda Road Construction Co., Ltd.

     28,000        566,055  

Makita Corp.

     8,200        400,940  

Marubeni Corp.

     108,300        784,017  

Marui Group Co., Ltd.(a)

     20,900        426,057  

Mazda Motor Corp.

     27,000        357,080  

Medipal Holdings Corp.

     21,600        442,764  

MEIJI Holdings Co., Ltd.

     3,200        243,724  

Mitsubishi Chemical Holdings Corp.

     73,100        708,317  

Mitsubishi Corp.

     88,100        2,370,872  

Mitsubishi Electric Corp.

     60,800        972,743  

Mitsubishi Estate Co., Ltd.

     25,100        424,470  

Mitsubishi Gas Chemical Co., Inc.

     12,400        297,204  

Mitsubishi Heavy Industries Ltd.(a)

     18,900        724,011  

Mitsubishi Tanabe Pharma Corp.

     38,900        760,809  

Mitsubishi UFJ Financial Group, Inc.

     492,900        3,230,384  

Mitsui & Co., Ltd.

     99,000        1,696,544  

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

     26,400        429,450  

Mitsui Fudosan Co., Ltd.

     14,000        339,831  

Mixi, Inc.

     3,700        136,728  

Mizuho Financial Group, Inc.

     1,336,500        2,405,323  

Monex Group, Inc.

     244,600        795,784  

MS&AD Insurance Group Holdings, Inc.

     30,330        956,814  

Murata Manufacturing Co., Ltd.

     4,300        589,102  

Nabtesco Corp.

     4,900        189,135  

NEC Corp.(a)

     10,900        306,553  

NGK Insulators Ltd.

     18,900        325,929  

Nichiha Corp.

     8,400        321,072  

Nidec Corp.

     5,100        785,980  

Nintendo Co., Ltd.

     2,800        1,233,738  

Nippon Express Co., Ltd.

     6,800        455,252  

Nippon Kayaku Co., Ltd.

     25,700        315,843  

Nippon Steel & Sumikin Bussan Corp.

     6,700        371,067  

Nippon Steel & Sumitomo Metal Corp.

     40,500        889,781  

Nippon Telegraph & Telephone Corp.

     79,700        3,672,120  

Nissan Motor Co., Ltd.

     302,500        3,140,197  

Nissha Co., Ltd.(a)

     6,300        169,007  

Nisshinbo Holdings, Inc.

     33,200        446,725  

Nitto Denko Corp.

     5,400        405,089  

NOK Corp.(a)

     8,700        169,010  

Nomura Holdings, Inc.

     165,100        955,205  

Nomura Real Estate Holdings, Inc.

     9,900        233,839  

Nomura Research Institute Ltd.

     8,900        421,777  

NSK Ltd.

     38,900        521,593  

NTT Data Corp.

     40,900        435,344  

NTT DOCOMO, Inc.(a)

     185,255        4,731,972  

Obayashi Corp.

     43,500        476,107  

Ogaki Kyoritsu Bank Ltd. (The)

     6,800        171,231  

Oji Holdings Corp.

     74,000        475,938  

Okasan Securities Group, Inc.(a)

     61,000        364,795  

Omron Corp.

     11,600        682,802  

Ono Pharmaceutical Co., Ltd.

     24,100        746,454  

Oracle Corp.

     4,100        333,474  

Oriental Land Co., Ltd.

     3,000      306,488  

Osaka Gas Co., Ltd.(a)

     27,900        550,786  

Otsuka Holdings Co., Ltd.

     22,600        1,132,444  

Outsourcing, Inc.

     13,000        232,496  

Panasonic Corp.

     76,200        1,089,800  

Park24 Co., Ltd.(a)

     19,400        520,252  

Pasco Corp.*

     37,000        110,983  

Pigeon Corp.

     8,300        375,002  

Pilot Corp.

     2,600        144,974  

Qol Co., Ltd.

     22,900        449,387  

Recruit Holdings Co., Ltd.

     37,100        922,529  

Resona Holdings, Inc.

     111,400        588,686  

Resorttrust, Inc.

     13,700        287,655  

Ricoh Co., Ltd.

     57,300        566,265  

Sac’s Bar Holdings, Inc.(a)

     53,200        570,768  

San-In Godo Bank Ltd. (The)

     28,900        255,983  

Sanrio Co., Ltd.(a)

     23,800        432,585  

Sanwa Holdings Corp.

     34,100        440,238  

Sanyo Chemical Industries Ltd.

     6,200        290,616  

SBI Holdings, Inc.(a)

     25,300        578,795  

Secom Co., Ltd.

     8,300        618,110  

Seibu Holdings, Inc.

     12,500        217,677  

Seiko Epson Corp.

     28,600        508,534  

Seino Holdings Co., Ltd.

     29,000        533,916  

Sekisui Chemical Co., Ltd.

     21,000        366,488  

Sekisui House Ltd.

     43,300        790,678  

Seven & I Holdings Co., Ltd.

     27,700        1,188,743  

Seven Bank Ltd.(a)

     70,300        224,087  

Shikoku Electric Power Co., Inc.(a)

     29,200        346,501  

Shimano, Inc.

     800        115,393  

Shimizu Corp.

     52,200        466,781  

Shin-Etsu Chemical Co., Ltd.

     8,700        900,268  

Shionogi & Co., Ltd.

     9,800        505,988  

Shizuoka Bank Ltd. (The)

     51,000        482,426  

Showa Shell Sekiyu K.K.

     41,500        562,308  

SMC Corp.

     1,000        404,984  

SoftBank Group Corp.

     9,600        717,630  

Sojitz Corp.(a)

     159,500        511,420  

Sompo Holdings, Inc.

     12,700        511,344  

Sony Corp.

     10,300        498,390  

Sony Financial Holdings, Inc.(a)

     29,800        542,480  

Subaru Corp.

     45,900        1,504,968  

Sumitomo Chemical Co., Ltd.

     78,000        454,725  

Sumitomo Corp.

     71,600        1,205,788  

Sumitomo Electric Industries Ltd.

     36,200        552,616  

Sumitomo Heavy Industries Ltd.

     9,600        364,231  

Sumitomo Mitsui Financial Group, Inc.

     69,100        2,896,547  

Sumitomo Mitsui Trust Holdings, Inc.

     20,607        834,550  

Sumitomo Realty & Development Co., Ltd.

     10,000        370,005  

Sumitomo Rubber Industries Ltd.

     24,500        449,685  

Suntory Beverage & Food Ltd.

     9,200        447,240  

Suzuken Co., Ltd.

     8,800        363,667  

Suzuki Motor Corp.

     11,900        641,157  

Sysmex Corp.

     3,600        326,319  

 

See Notes to Financial Statements.

 

56   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

T&D Holdings, Inc.

     30,600      $ 485,831  

Taisei Corp.

     10,800        548,378  

Taiyo Nippon Sanso Corp.

     10,000        151,481  

Takashimaya Co., Ltd.

     40,000        384,015  

Takeda Pharmaceutical Co., Ltd.

     44,900        2,188,215  

Teijin Ltd.

     20,200        380,068  

Terumo Corp.

     9,000        473,061  

Toda Corp.(a)

     52,000        376,982  

Toho Co., Ltd.

     8,600        285,454  

Toho Zinc Co., Ltd.(a)

     5,300        252,167  

Tokai Tokyo Financial Holdings, Inc.

     59,500        411,213  

Tokio Marine Holdings, Inc.

     29,700        1,322,327  

Tokyo Electron Ltd.

     6,700        1,260,936  

Tokyo Gas Co., Ltd.

     18,900        501,423  

Toppan Forms Co., Ltd.

     34,700        388,275  

Topy Industries Ltd.

     8,000        233,192  

Toshiba Machine Co., Ltd.

     69,000        485,303  

TOTO Ltd.

     7,200        379,803  

Tow Co., Ltd.

     58,800        514,742  

Toyo Ink SC Holdings Co., Ltd.

     72,000        446,827  

Toyoda Gosei Co., Ltd.

     12,600        293,111  

Toyota Boshoku Corp.

     7,600        156,073  

Toyota Motor Corp.

     186,710        11,982,094  

Toyota Tsusho Corp.

     26,400        894,894  

Trend Micro, Inc.

     9,100        543,347  

Tsubakimoto Chain Co.

     55,000        447,861  

UACJ Corp.(a)

     4,700        120,649  

Ube Industries Ltd.(a)

     20,900        610,197  

Unicharm Corp.

     14,200        404,436  

Unipres Corp.

     7,300        165,151  

United Arrows Ltd.

     8,000        308,416  

USS Co., Ltd.

     21,960        443,949  

Wacoal Holdings Corp.

     13,500        390,973  

West Japan Railway Co.

     8,820        616,280  

Yahoo Japan Corp.(a)

     197,710        918,371  

Yakult Honsha Co., Ltd.

     4,000        296,004  

Yamada Denki Co., Ltd.(a)

     95,600        573,510  

Yamaha Corp.

     6,900        303,315  

Yamaha Motor Co., Ltd.

     20,900        624,937  

Yamato Holdings Co., Ltd.

     12,600        316,155  

Yuasa Trading Co., Ltd.

     19,500        643,583  

Zeon Corp.

     19,200        277,664  
     

 

 

 
Total Japan               169,672,096  
Netherlands – 2.3%  

Aalberts Industries N.V.

     10,599        539,135  

ABN AMRO Group N.V. CVA(b)

     47,041        1,415,673  

Aegon N.V.

     158,033        1,064,299  

Akzo Nobel N.V.

     10,754        1,014,949  

ASML Holding N.V.

     5,999        1,181,566  

BE Semiconductor Industries N.V.

     5,860        598,535  

Corbion N.V.

     9,318        282,139  

Euronext N.V.(b)

     3,598        262,845  

Flow Traders(b)

     6,633        282,416  

Heineken Holding N.V.

     3,559        366,358  

Heineken N.V.

     16,331      1,753,393  

ING Groep N.V.

     245,468        4,135,878  

Koninklijke Ahold Delhaize N.V.

     63,801        1,509,837  

Koninklijke DSM N.V.

     8,777        870,460  

Koninklijke KPN N.V.

     265,986        797,199  

Koninklijke Philips N.V.

     45,051        1,726,728  

NN Group N.V.

     19,127        847,781  

PostNL N.V.

     76,588        286,531  

Randstad Holding N.V.(a)

     12,908        848,038  

Steinhoff International Holdings N.V.*

     182,768        50,350  

Wolters Kluwer N.V.

     18,012        956,748  
     

 

 

 
Total Netherlands               20,528,013  
New Zealand – 0.5%  

Air New Zealand Ltd.

     189,793        442,241  

Auckland International Airport Ltd.

     76,349        337,078  

Contact Energy Ltd.

     88,527        335,283  

EBOS Group Ltd.

     27,264        353,045  

Fisher & Paykel Healthcare Corp., Ltd.

     48,163        458,631  

Mercury NZ Ltd.

     158,418        367,990  

New Zealand Refining Co., Ltd. (The)

     182,476        301,451  

Spark New Zealand Ltd.

     319,130        768,936  

Trustpower Ltd.

     166,971        673,331  

Vector Ltd.(a)

     111,673        253,767  
     

 

 

 
Total New Zealand               4,291,753  
Norway – 2.0%  

Aker ASA Class A

     9,397        527,245  

Aker BP ASA

     22,347        604,008  

DNB ASA

     94,326        1,828,021  

Gjensidige Forsikring ASA(a)

     34,131        624,283  

Leroy Seafood Group ASA

     61,376        379,156  

Marine Harvest ASA

     60,522        1,211,835  

Norsk Hydro ASA

     113,515        664,380  

Ocean Yield ASA

     45,776        384,822  

Orkla ASA

     59,398        636,579  

Salmar ASA

     16,719        684,012  

SpareBank 1 SR-Bank ASA

     28,646        314,521  

Statoil ASA

     258,922        6,089,702  

Storebrand ASA

     39,808        323,394  

Telenor ASA

     136,034        3,066,892  

Yara International ASA

     12,772        538,637  
     

 

 

 
Total Norway               17,877,487  
Portugal – 0.5%  

Altri, SGPS, S.A.

     63,021        420,085  

EDP – Energias de Portugal S.A.

     296,608        1,126,451  

Galp Energia, SGPS, S.A.

     45,332        853,278  

Jeronimo Martins, SGPS, S.A.

     40,487        737,185  

Navigator Co. S.A. (The)

     75,076        442,087  

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

     172,361        531,641  

Semapa-Sociedade de Investimento e Gestao

     9,281        211,392  
     

 

 

 
Total Portugal               4,322,119  
Singapore – 1.8%  

CapitaLand Ltd.

     263,300        716,831  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      57  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

City Developments Ltd.

     25,500      $ 252,803  

ComfortDelGro Corp., Ltd.

     296,500        463,529  

DBS Group Holdings Ltd.

     108,000        2,264,928  

Hutchison Port Holdings Trust

     1,568,936        462,836  

Jardine Cycle & Carriage Ltd.

     13,255        348,736  

Keppel Corp., Ltd.

     100,100        593,134  

Oversea-Chinese Banking Corp., Ltd.

     201,495        1,969,928  

SATS Ltd.

     158,500        620,076  

Sheng Siong Group Ltd.(a)

     1,271,100        901,489  

Singapore Airlines Ltd.

     70,000        578,662  

Singapore Post Ltd.

     338,200        353,339  

Singapore Technologies Engineering Ltd.

     263,200        720,573  

Singapore Telecommunications Ltd.

     1,219,300        3,133,563  

StarHub Ltd.(a)

     286,800        503,043  

United Overseas Bank Ltd.

     69,301        1,453,350  

UOL Group Ltd.

     68,600        447,289  

Wilmar International Ltd.

     232,400        563,587  
     

 

 

 
Total Singapore               16,347,696  
Spain – 4.0%  

Abertis Infraestructuras S.A.

     60,668        1,359,441  

Acciona S.A.

     5,226        396,687  

ACS Actividades de Construccion y Servicios S.A.

     23,453        912,903  

Aena SME S.A.(b)

     4,884        982,978  

Amadeus IT Group S.A.

     18,846        1,390,202  

Applus Services S.A.

     26,916        350,226  

Banco Bilbao Vizcaya Argentaria S.A.

     449,807        3,556,493  

Banco de Sabadell S.A.

     290,741        593,920  

Banco Santander S.A.

     664,960        4,330,258  

Bankia S.A.

     136,946        612,892  

Bankinter S.A.(a)

     32,250        331,421  

Bolsas y Mercados Espanoles SHMSF S.A.(a)

     8,680        293,565  

CaixaBank S.A.

     301,832        1,437,318  

Cellnex Telecom S.A.(b)

     17,277        460,872  

Cie Automotive S.A.

     6,992        249,374  

Distribuidora Internacional de Alimentacion S.A.

     49,462        209,684  

EDP Renovaveis S.A.

     19,441        190,320  

Enagas S.A.

     20,720        566,476  

Ence Energia y Celulosa S.A.

     67,163        505,515  

Endesa S.A.

     93,378        2,053,931  

Ferrovial S.A.

     56,716        1,183,346  

Gas Natural SDG S.A.

     67,354        1,606,177  

Iberdrola S.A.

     409,427        3,007,105  

Industria de Diseno Textil S.A.

     86,573        2,707,579  

Mapfre S.A.

     169,749        563,877  

Mediaset Espana Comunicacion S.A.

     38,593        392,334  

Prosegur Cia de Seguridad S.A.

     24,981        191,711  

Red Electrica Corp. S.A.

     38,685        795,959  

Repsol S.A.

     96,326        1,707,696  

Telefonica S.A.

     407,272        4,021,094  
     

 

 

 
Total Spain               36,961,354  
Sweden – 2.8%  

Ahlsell AB(b)

     57,141        358,547  

Assa Abloy AB Class B

     32,678        703,716  

Atlas Copco AB Class A

     20,323      876,519  

Atlas Copco AB Class B

     28,071        1,087,672  

Axfood AB

     30,398        518,139  

Bilia AB Class A

     34,067        301,017  

Boliden AB

     16,845        588,332  

Castellum AB(a)

     11,489        187,258  

Dometic Group AB(b)

     30,087        273,933  

Evolution Gaming Group AB(b)

     3,453        188,590  

Fabege AB

     35,709        770,906  

Hemfosa Fastigheter AB

     18,291        221,244  

Hennes & Mauritz AB Class B(a)

     54,119        808,929  

Hexpol AB

     16,984        156,865  

Holmen AB Class B

     4,013        217,067  

ICA Gruppen AB(a)

     14,579        514,237  

Intrum Justitia AB(a)

     9,605        271,470  

Investment AB Latour Class B

     25,028        283,608  

Nobia AB

     17,072        153,193  

Nordea Bank AB

     312,210        3,321,621  

Peab AB

     38,299        343,442  

Resurs Holding AB(b)

     34,491        242,987  

Saab AB Class B

     5,610        253,143  

Sandvik AB

     60,184        1,095,555  

Securitas AB Class B

     32,134        543,893  

Skandinaviska Enskilda Banken AB Class A

     166,059        1,733,796  

Skanska AB Class B

     42,206        860,015  

Svenska Cellulosa AB SCA Class B

     23,054        244,777  

Svenska Handelsbanken AB Class A(a)

     111,502        1,387,318  

Swedbank AB Class A

     98,591        2,201,428  

Tele2 AB Class B

     77,496        926,735  

Telefonaktiebolaget LM Ericsson Class B(a)

     74,223        469,012  

Telia Co. AB

     436,384        2,043,107  

Volvo AB Class A

     2,868        52,224  

Volvo AB Class B

     76,701        1,394,389  
     

 

 

 
Total Sweden               25,594,684  
Switzerland – 7.4%  

ABB Ltd. Registered Shares

     107,998        2,562,358  

Adecco Group AG Registered Shares

     8,139        577,957  

Baloise Holding AG Registered Shares

     5,609        855,759  

Cie Financiere Richemont S.A. Registered Shares

     18,068        1,618,120  

Clariant AG Registered Shares*

     28,926        689,016  

Coca-Cola HBC AG*

     15,370        567,918  

Credit Suisse Group AG Registered Shares*

     152,955        2,554,042  

EMS-Chemie Holding AG Registered Shares

     1,022        643,553  

Geberit AG Registered Shares

     1,598        704,882  

Givaudan S.A. Registered Shares

     568        1,290,693  

Julius Baer Group Ltd.*

     9,615        589,792  

Kudelski S.A. Bearer Shares(a)

     33,032        344,946  

Kuehne + Nagel International AG Registered Shares

     7,263        1,139,963  

LafargeHolcim Ltd. Registered Shares*

     33,378        1,822,963  

Logitech International S.A. Registered Shares

     17,145        625,929  

Lonza Group AG Registered Shares*

     2,474        581,814  

Nestle S.A. Registered Shares

     135,652        10,712,202  

Novartis AG Registered Shares

     144,229        11,636,521  

 

See Notes to Financial Statements.

 

58   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Partners Group Holding AG

     776      $ 575,355  

Roche Holding AG Bearer Shares

     4,965        1,149,997  

Roche Holding AG Genusschein

     38,932        8,907,687  

Schindler Holding AG Participation Certificate

     4,375        941,155  

SGS S.A. Registered Shares

     433        1,061,700  

Sonova Holding AG Registered Shares

     2,333        369,830  

STMicroelectronics N.V.

     24,582        543,726  

Sunrise Communications Group AG*(b)

     6,754        564,597  

Swatch Group AG (The) Bearer Shares

     1,786        785,944  

Swiss Life Holding AG Registered Shares*

     1,960        696,520  

Swiss Re AG

     24,977        2,537,346  

Swisscom AG Registered Shares(a)

     3,685        1,822,490  

UBS Group AG Registered Shares*

     200,395        3,514,655  

Vontobel Holding AG Registered Shares

     11,345        701,362  

Zurich Insurance Group AG

     11,611        3,800,008  
     

 

 

 
Total Switzerland               67,490,800  
United Kingdom – 18.6%  

AA PLC

     91,833        103,703  

Admiral Group PLC

     26,146        676,335  

Aggreko PLC

     27,254        280,699  

Antofagasta PLC

     42,013        542,799  

Associated British Foods PLC

     15,351        536,421  

AstraZeneca PLC

     82,519        5,666,916  

Aviva PLC

     237,334        1,651,010  

BAE Systems PLC

     177,579        1,448,313  

Barclays PLC

     335,228        971,082  

Barratt Developments PLC

     107,531        800,079  

Bellway PLC

     10,234        437,722  

Berkeley Group Holdings PLC

     16,494        876,691  

BHP Billiton PLC

     115,598        2,276,090  

Bodycote PLC

     35,455        445,140  

BP PLC

     2,106,280        14,160,350  

Brewin Dolphin Holdings PLC

     97,545        471,811  

British American Tobacco PLC

     92,471        5,358,664  

British Land Co. PLC (The)

     73,913        665,659  

BT Group PLC

     725,650        2,315,818  

Burberry Group PLC

     15,245        362,701  

Carnival PLC

     11,260        723,435  

Centrica PLC

     537,466        1,072,127  

Close Brothers Group PLC

     17,146        345,152  

CNH Industrial N.V.

     39,736        490,159  

Coca-Cola European Partners PLC

     11,661        485,022  

Compass Group PLC

     69,496        1,418,952  

Costain Group PLC

     94,723        617,216  

Countryside Properties PLC(b)

     54,243        238,777  

De La Rue PLC

     42,157        301,012  

Debenhams PLC(a)

     1,535,075        449,631  

Derwent London PLC

     7,373        320,835  

Devro PLC

     109,513        301,105  

Diageo PLC

     103,177        3,491,049  

Direct Line Insurance Group PLC

     88,158        471,546  

Drax Group PLC

     36,814        141,811  

Dunelm Group PLC

     29,742        219,875  

easyJet PLC

     25,940        583,856  

Electrocomponents PLC

     57,765      486,359  

Elegant Hotels Group PLC

     165,704        199,907  

Elementis PLC

     98,827        409,526  

Equiniti Group PLC(b)

     170,388        713,476  

Fresnillo PLC

     20,727        368,827  

G4S PLC

     74,827        260,424  

GlaxoSmithKline PLC

     376,362        7,359,771  

Halma PLC

     18,660        308,618  

Hammerson PLC

     57,501        432,834  

Henry Boot PLC

     109,543        453,317  

Howden Joinery Group PLC

     49,582        320,503  

HSBC Holdings PLC

     1,556,170        14,525,650  

Ibstock PLC(b)

     57,075        225,783  

Imperial Brands PLC

     66,696        2,269,793  

Inchcape PLC

     35,201        341,216  

Informa PLC

     49,655        500,548  

Inmarsat PLC

     46,376        235,569  

InterContinental Hotels Group PLC

     9,370        560,996  

Intertek Group PLC

     7,400        483,742  

ITV PLC

     442,193        894,175  

J Sainsbury PLC

     109,663        367,359  

Jardine Lloyd Thompson Group PLC

     12,714        228,647  

Kingfisher PLC

     123,472        506,629  

Land Securities Group PLC

     39,428        518,306  

Legal & General Group PLC

     463,858        1,677,505  

Lloyds Banking Group PLC

     3,386,881        3,072,072  

London Stock Exchange Group PLC

     11,636        673,486  

Lookers PLC

     340,443        416,444  

Marks & Spencer Group PLC

     148,748        563,809  

McCarthy & Stone PLC(b)

     134,368        272,370  

Mitchells & Butlers PLC

     62,313        218,007  

Mondi PLC

     23,047        619,126  

Moneysupermarket.com Group PLC

     60,437        243,152  

Morgan Advanced Materials PLC

     121,412        542,289  

National Grid PLC

     238,986        2,689,372  

Next PLC

     8,215        548,427  

Old Mutual PLC

     179,825        603,655  

PayPoint PLC

     30,227        338,371  

Pearson PLC

     103,509        1,087,566  

Pennon Group PLC

     40,247        363,254  

Persimmon PLC

     29,949        1,062,915  

Polar Capital Holdings PLC

     28,171        203,124  

Prudential PLC

     84,416        2,106,078  

Reckitt Benckiser Group PLC

     23,775        2,012,434  

Redde PLC

     261,264        616,455  

Redrow PLC

     49,666        414,894  

RELX N.V.

     63,843        1,321,447  

RELX PLC

     51,076        1,049,664  

Rentokil Initial PLC

     96,479        367,721  

Rightmove PLC

     2,547        155,315  

Rio Tinto PLC

     89,497        4,533,480  

Rolls-Royce Holdings PLC*

     41,669        509,479  

Rotork PLC

     96,521        384,941  

Royal Dutch Shell PLC Class A

     505,328        15,832,703  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      59  


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Equity Fund (DWM)

March 31, 2018

 

  

 

 

Investments   Shares     Value  

Royal Dutch Shell PLC Class B

    419,697     $ 13,405,859  

Royal Mail PLC

    117,708       892,973  

RPC Group PLC

    21,283       230,845  

RPS Group PLC

    89,739       321,009  

RSA Insurance Group PLC

    44,124       389,952  

Saga PLC

    122,921       194,505  

Sage Group PLC (The)

    72,996       654,533  

Schroders PLC

    7,365       329,785  

Segro PLC

    92,342       778,779  

Severn Trent PLC

    16,764       433,645  

Smith & Nephew PLC

    32,694       610,438  

Smiths Group PLC

    26,704       566,963  

Soco International PLC

    194,579       250,573  

Spectris PLC

    8,678       327,954  

Spirax-Sarco Engineering PLC

    3,785       305,567  

SSE PLC

    108,780       1,947,132  

Stagecoach Group PLC

    178,552       330,624  

Standard Life Aberdeen PLC

    243,131       1,226,808  

TalkTalk Telecom Group PLC(a)

    156,410       254,079  

Tate & Lyle PLC

    65,044       496,913  

Unilever N.V. CVA

    73,541       4,148,686  

Unilever PLC

    57,543       3,192,932  

United Utilities Group PLC

    50,168       503,468  

Vodafone Group PLC

    2,597,251       7,076,257  

WH Smith PLC

    26,353       720,136  

Whitbread PLC

    8,140       422,495  

William Hill PLC

    118,095       547,187  

WM Morrison Supermarkets PLC

    147,026       440,339  
   

 

 

 
Total United Kingdom             170,191,529  

TOTAL COMMON STOCKS

(Cost: $800,533,724)

            909,511,849  
EXCHANGE-TRADED FUND – 0.0%  
United States – 0.0%  
WisdomTree International Dividend Ex-Financials Fund(c)
(Cost: $171)
    4       174  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.9%  
United States – 3.9%  

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.74%(d)

   
(Cost: $35,599,611)(e)     35,599,611       35,599,611  

TOTAL INVESTMENTS IN SECURITIES – 103.3%

(Cost: $836,133,506)

 

 

    945,111,634  

Other Assets less Liabilities – (3.3)%

      (30,118,103
   

 

 

 
NET ASSETS – 100.0%           $ 914,993,437  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $41,672,599 and the total market value of the collateral held by the Fund was $43,940,194. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $8,340,583.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

60   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%  
Australia – 4.8%  

Aristocrat Leisure Ltd.

     57,677      $ 1,064,442  

Bapcor Ltd.(a)

     129,309        563,379  

BT Investment Management Ltd.

     124,046        956,252  

carsales.com Ltd.

     68,091        705,617  

Cochlear Ltd.

     10,588        1,475,031  

Crown Resorts Ltd.

     230,593        2,244,561  

CSL Ltd.

     65,634        7,826,565  

Domino’s Pizza Enterprises Ltd.(a)

     9,224        295,251  

JB Hi-Fi Ltd.(a)

     8,736        172,951  

Magellan Financial Group Ltd.

     54,671        999,740  

Medibank Pvt Ltd.

     1,216,610        2,706,282  

NIB Holdings Ltd.

     135,205        661,663  

Northern Star Resources Ltd.

     110,991        534,652  

Pact Group Holdings Ltd.

     145,567        611,881  

Ramsay Health Care Ltd.

     34,642        1,655,976  

REA Group Ltd.

     12,871        782,017  

Seek Ltd.

     112,363        1,603,098  

Technology One Ltd.

     1,391        5,538  

TPG Telecom Ltd.(a)

     241,256        1,015,954  
     

 

 

 
Total Australia               25,880,850  
Austria – 0.2%  

ams AG*

     8,138        848,643  
Belgium – 0.2%  

Melexis N.V.

     10,524        1,048,379  
China – 2.9%  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     135,000        253,545  

China Everbright International Ltd.

     926,000        1,297,861  

China Overseas Land & Investment Ltd.

     3,520,000        12,221,755  

CSPC Pharmaceutical Group Ltd.

     860,000        2,284,699  
     

 

 

 
Total China               16,057,860  
Denmark – 6.9%  

Chr Hansen Holding A/S

     13,218        1,136,230  

Coloplast A/S Class B

     49,494        4,169,618  

Dfds A/S

     9,586        534,902  

DSV A/S

     15,566        1,218,128  

GN Store Nord A/S

     11,893        418,744  

Novo Nordisk A/S Class B

     553,350        27,161,251  

Pandora A/S(a)

     11,360        1,217,926  

Royal Unibrew A/S

     15,198        1,003,521  

SimCorp A/S

     10,252        710,091  
     

 

 

 
Total Denmark               37,570,411  
Finland – 0.9%  

Konecranes Oyj

     19,835        859,647  

Nokian Renkaat Oyj

     43,638        1,980,357  

Uponor Oyj

     32,224        537,789  

Wartsila Oyj Abp

     64,238        1,418,106  
     

 

 

 
Total Finland               4,795,899  
France – 8.3%  

Airbus SE

     150,328        17,341,834  

Hermes International

     5,467      3,237,410  

Ipsen S.A.

     12,032        1,866,712  

LVMH Moet Hennessy Louis Vuitton SE

     62,243        19,152,705  

Sartorius Stedim Biotech

     7,531        680,294  

SEB S.A.

     4,344        829,151  

Valeo S.A.

     31,789        2,097,094  
     

 

 

 
Total France               45,205,200  
Germany – 5.7%  

adidas AG

     17,108        4,137,571  

Continental AG

     28,309        7,809,192  

Covestro AG(b)

     45,464        4,465,286  

CTS Eventim AG & Co. KGaA

     13,889        650,118  

Fuchs Petrolub SE

     20,008        1,017,493  

Hella GmbH & Co. KGaA

     11,158        732,790  

Henkel AG & Co. KGaA

     37,741        4,748,335  

Infineon Technologies AG

     148,873        3,980,410  

Pfeiffer Vacuum Technology AG

     3,103        481,989  

United Internet AG Registered Shares

     43,670        2,744,457  
     

 

 

 
Total Germany               30,767,641  
Hong Kong – 0.7%  

Galaxy Entertainment Group Ltd.

     258,000        2,342,227  

Techtronic Industries Co., Ltd.

     178,000        1,037,613  

Vitasoy International Holdings Ltd.

     192,000        494,171  
     

 

 

 
Total Hong Kong               3,874,011  
Ireland – 0.3%  

Glanbia PLC

     27,922        480,758  

Irish Continental Group PLC

     117,481        826,449  

Kerry Group PLC Class A

     6,022        610,268  
     

 

 

 
Total Ireland               1,917,475  
Israel – 0.6%  

Bezeq Israeli Telecommunication Corp., Ltd.

     2,402,971        3,066,297  
Italy – 1.5%  

Anima Holding SpA(b)

     188,126        1,274,831  

Banca IFIS SpA

     14,317        550,771  

De’ Longhi SpA

     35,691        1,058,737  

DiaSorin SpA

     8,050        723,712  

Ferrari N.V.

     10,787        1,294,004  

Industria Macchine Automatiche SpA

     9,645        937,684  

Moncler SpA

     22,150        841,753  

Recordati SpA

     43,355        1,598,539  
     

 

 

 
Total Italy               8,280,031  
Japan – 15.5%  

Asahi Intecc Co., Ltd.

     11,600        459,746  

Brother Industries Ltd.

     41,800        971,993  

COLOPL, Inc.

     24,500        213,324  

CyberAgent, Inc.(a)

     9,000        447,673  

Daikin Industries Ltd.

     44,500        4,910,273  

DeNA Co., Ltd.(a)

     15,700        283,441  

Fast Retailing Co., Ltd.

     5,400        2,195,543  

Fujitsu General Ltd.

     4,400        78,733  

Haseko Corp.(a)

     25,600        389,717  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      61  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Hikari Tsushin, Inc.

     9,300      $ 1,487,475  

Hino Motors Ltd.

     129,800        1,670,862  

Hoya Corp.

     56,800        2,833,324  

Ichigo, Inc.(a)

     102,900        452,818  

Japan Lifeline Co., Ltd.

     7,200        209,873  

Kakaku.com, Inc.(a)

     39,900        698,578  

Keyence Corp.

     2,000        1,241,937  

Kose Corp.

     4,900        1,026,074  

Kubota Corp.

     242,500        4,245,745  

M3, Inc.

     13,600        611,265  

Makita Corp.

     34,300        1,677,104  

Meitec Corp.

     17,600        974,744  

Mixi, Inc.

     24,600        909,055  

MonotaRO Co., Ltd.(a)

     6,700        240,658  

Murata Manufacturing Co., Ltd.

     34,240        4,690,896  

Nabtesco Corp.

     27,600        1,065,331  

NGK Insulators Ltd.

     71,200        1,227,840  

Nidec Corp.

     23,600        3,637,085  

Nippon Paint Holdings Co., Ltd.

     35,300        1,296,159  

Nitori Holdings Co., Ltd.

     5,800        1,025,567  

Obic Co., Ltd.

     19,300        1,606,065  

Open House Co., Ltd.

     14,200        881,241  

Oracle Corp.

     21,300        1,732,440  

Persol Holdings Co., Ltd.

     23,900        695,538  

Pigeon Corp.

     19,200        867,475  

Ryohin Keikaku Co., Ltd.

     2,700        906,347  

Seiko Epson Corp.

     112,700        2,003,909  

Shimano, Inc.

     5,400        778,900  

Shionogi & Co., Ltd.

     45,600        2,354,392  

Square Enix Holdings Co., Ltd.

     19,700        902,106  

Start Today Co., Ltd.

     17,600        470,326  

Starts Corp., Inc.

     11,200        304,670  

Subaru Corp.

     204,400        6,701,860  

Sundrug Co., Ltd.

     17,100        790,282  

Sysmex Corp.

     18,900        1,713,174  

T-Gaia Corp.

     27,700        771,224  

Taiyo Holdings Co., Ltd.

     8,600        369,553  

TechnoPro Holdings, Inc.

     9,800        590,672  

Tokyo Electron Ltd.

     34,200        6,436,418  

Tokyo Steel Manufacturing Co., Ltd.(a)

     34,900        280,578  

Trend Micro, Inc.

     46,300        2,764,504  

Tsuruha Holdings, Inc.

     4,400        627,626  

USS Co., Ltd.

     54,700        1,105,830  

Yahoo Japan Corp.(a)

     1,139,500        5,293,023  

Yamaha Motor Co., Ltd.

     48,800        1,459,182  

Zenkoku Hosho Co., Ltd.

     9,400        412,769  
     

 

 

 
Total Japan               83,992,937  
Netherlands – 2.7%  

ASML Holding N.V.

     49,931        9,834,437  

BE Semiconductor Industries N.V.

     10,439        1,066,230  

Flow Traders(b)

     5,383        229,194  

GrandVision N.V.(b)

     26,808        610,601  

Koninklijke Vopak N.V.

     41,052        2,011,940  

TKH Group N.V. CVA

     13,493      862,907  
     

 

 

 
Total Netherlands               14,615,309  
New Zealand – 0.5%  

Fisher & Paykel Healthcare Corp., Ltd.

     158,523        1,509,532  

Mainfreight Ltd.

     38,491        683,078  

Ryman Healthcare Ltd.

     38,279        292,437  
     

 

 

 
Total New Zealand               2,485,047  
Norway – 1.5%  

Borregaard ASA

     20,859        196,609  

Entra ASA(b)

     45,282        615,991  

Orkla ASA

     305,220        3,271,096  

Salmar ASA

     54,032        2,210,571  

Tomra Systems ASA

     34,010        710,441  

Veidekke ASA

     49,623        554,320  

XXL ASA(b)

     61,048        625,180  
     

 

 

 
Total Norway               8,184,208  
Portugal – 0.7%  

Jeronimo Martins, SGPS, S.A.

     205,934        3,749,633  
Singapore – 0.1%  

First Resources Ltd.

     367,500        470,831  

SIA Engineering Co., Ltd.

     129,900        315,017  
     

 

 

 
Total Singapore               785,848  
Spain – 3.9%  

Almirall S.A.(a)

     37,731        445,009  

Amadeus IT Group S.A.

     87,889        6,483,258  

Atresmedia Corp. de Medios de Comunicacion S.A.

     67,182        639,921  

Cie Automotive S.A.

     16,326        582,278  

Industria de Diseno Textil S.A.

     364,604        11,403,025  

Prosegur Cia de Seguridad S.A.

     122,663        941,349  

Tecnicas Reunidas S.A.(a)

     21,383        630,886  
     

 

 

 
Total Spain               21,125,726  
Sweden – 7.0%  

AAK AB

     7,156        629,743  

Assa Abloy AB Class B

     190,266        4,097,348  

Atlas Copco AB Class A

     155,699        6,715,203  

Atlas Copco AB Class B

     118,752        4,601,307  

Axfood AB

     69,551        1,185,510  

Boliden AB

     65,229        2,278,202  

Bonava AB Class B

     1,413        19,335  

Castellum AB

     55,489        904,409  

Fabege AB

     48,696        1,051,277  

Hemfosa Fastigheter AB

     81,554        986,462  

Hennes & Mauritz AB Class B(a)

     202,468        3,026,334  

Hexpol AB

     61,065        563,999  

Indutrade AB

     26,620        684,031  

Intrum Justitia AB(a)

     30,733        868,618  

Investment AB Latour Class B

     137,324        1,556,103  

JM AB

     11,414        258,269  

Lifco AB Class B

     17,327        664,131  

Loomis AB Class B

     20,567        737,728  

Peab AB

     95,888        859,864  

 

See Notes to Financial Statements.

 

62   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Sandvik AB

     256,554      $ 4,670,160  

Trelleborg AB Class B

     61,730        1,546,420  
     

 

 

 
Total Sweden               37,904,453  
Switzerland – 11.9%  

EMS-Chemie Holding AG Registered Shares

     6,047        3,807,791  

Geberit AG Registered Shares

     8,344        3,680,562  

Givaudan S.A. Registered Shares

     2,415        5,487,719  

Logitech International S.A. Registered Shares

     25,011        913,100  

Oriflame Holding AG

     13,121        626,690  

Partners Group Holding AG

     7,489        5,552,621  

Roche Holding AG Bearer Shares

     37,284        8,635,747  

Roche Holding AG Genusschein

     120,071        27,472,385  

Schindler Holding AG Participation Certificate

     9,059        1,948,782  

Schindler Holding AG Registered Shares

     8,277        1,728,697  

Sonova Holding AG Registered Shares

     8,689        1,377,392  

Straumann Holding AG Registered Shares(a)

     1,921        1,207,646  

Swatch Group AG (The) Bearer Shares

     3,700        1,628,216  

Temenos Group AG Registered Shares*

     7,127        851,430  
     

 

 

 
Total Switzerland               64,918,778  
United Kingdom – 22.7%  

Ashtead Group PLC

     77,180        2,100,401  

AVEVA Group PLC

     15,239        408,520  

Berkeley Group Holdings PLC

     36,791        1,955,519  

Brewin Dolphin Holdings PLC

     91,041        440,352  

British American Tobacco PLC

     286,793        16,619,559  

Burberry Group PLC

     45,980        1,093,933  

Coca-Cola European Partners PLC

     65,261        2,714,436  

Compass Group PLC

     202,841        4,141,558  

Crest Nicholson Holdings PLC

     84,238        536,960  

Croda International PLC

     30,454        1,951,489  

Dart Group PLC

     8,055        94,069  

Diageo PLC

     437,254        14,794,723  

Domino’s Pizza Group PLC

     66,763        309,530  

Dunelm Group PLC

     77,646        574,018  

easyJet PLC

     123,119        2,771,153  

Electrocomponents PLC

     55,365        466,152  

Greggs PLC

     48,367        833,867  

Halma PLC

     54,517        901,657  

Hargreaves Lansdown PLC

     83,277        1,907,687  

HomeServe PLC

     59,772        618,799  

Howden Joinery Group PLC

     55,480        358,628  

Ibstock PLC(b)

     117,509        464,853  

Jardine Lloyd Thompson Group PLC

     82,640        1,486,189  

Johnson Matthey PLC

     36,012        1,536,746  

Marshalls PLC

     45,644        267,771  

Mediclinic International PLC(a)

     61,079        514,947  

 

Investments    Shares      Value  

Merlin Entertainments PLC(b)

     58,309      $ 283,504  

Pagegroup PLC

     127,510        959,643  

Persimmon PLC

     92,484        3,282,335  

Reckitt Benckiser Group PLC

     96,474        8,166,037  

RELX PLC

     192,601        3,958,147  

Renishaw PLC

     21,906        1,384,682  

Sage Group PLC (The)

     189,955        1,703,269  

Savills PLC

     52,288        719,926  

Spirax-Sarco Engineering PLC

     5,335        430,701  

Superdry PLC

     25,975        568,793  

Taylor Wimpey PLC

     409,414        1,060,206  

Ted Baker PLC

     17,610        617,583  

Unilever N.V. CVA

     408,739        23,058,291  

Unilever PLC

     232,528        12,902,456  

Unite Group PLC (The)

     72,601        806,101  

Victrex PLC

     24,586        885,684  

WH Smith PLC

     34,099        931,808  

William Hill PLC

     306,650        1,420,847  

ZPG PLC(b)

     67,609        318,669  
     

 

 

 
Total United Kingdom               123,322,198  
TOTAL COMMON STOCKS
(Cost: $471,197,026)
              540,396,834  
RIGHTS – 0.0%  
Italy – 0.0%  

Anima Holding SpA, expiring 4/12/18*

     
(Cost $0)      188,659        71,927  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.4%  
United States – 1.4%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $7,588,253)(d)      7,588,253        7,588,253  
TOTAL INVESTMENTS IN SECURITIES – 100.9%
(Cost: $478,785,279)
       548,057,014  

Other Assets less Liabilities – (0.9)%

        (4,865,161
     

 

 

 
NET ASSETS – 100.0%             $ 543,191,853  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $16,078,154 and the total market value of the collateral held by the Fund was $16,823,303. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $9,235,050.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      63  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2018

 

  

 

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Bank of America N.A.     4/3/2018       2,849,573       ILS       811,761       USD     $     $ (113
Bank of America N.A.     4/3/2018       823,259       USD       2,855,562       ILS       9,906        
Bank of America N.A.     4/4/2018       7,610,487       AUD       5,837,274       USD       350        
Bank of America N.A.     4/4/2018       13,596,400       CHF       14,199,243       USD             (830
Bank of America N.A.     4/4/2018       50,280,263       DKK       8,295,841       USD              
Bank of America N.A.     4/4/2018       26,850,430       EUR       33,023,935       USD             (1,921
Bank of America N.A.     4/4/2018       14,730,053       GBP       20,664,556       USD             (1,238
Bank of America N.A.     4/4/2018       33,346,207       HKD       4,249,099       USD             (254
Bank of America N.A.     4/4/2018       1,918,361,986       JPY       18,041,791       USD             (2,454
Bank of America N.A.     4/4/2018       12,912,396       NOK       1,644,528       USD       164        
Bank of America N.A.     4/4/2018       698,912       NZD       504,195       USD              
Bank of America N.A.     4/4/2018       69,958,097       SEK       8,354,239       USD             (834
Bank of America N.A.     4/4/2018       264,783       SGD       201,953       USD             (24
Bank of America N.A.     4/4/2018       5,919,955       USD       7,597,166       AUD       92,549        
Bank of America N.A.     4/4/2018       14,400,366       USD       13,568,198       CHF       231,404        
Bank of America N.A.     4/4/2018       8,413,345       USD       51,224,516       DKK             (38,290
Bank of America N.A.     4/4/2018       33,491,696       USD       27,388,767       EUR             (192,391
Bank of America N.A.     4/4/2018       20,957,255       USD       15,185,745       GBP             (345,309
Bank of America N.A.     4/4/2018       4,309,284       USD       33,688,254       HKD       16,857        
Bank of America N.A.     4/4/2018       18,297,340       USD       1,947,693,291       JPY             (17,814
Bank of America N.A.     4/4/2018       1,667,822       USD       13,140,328       NOK             (5,903
Bank of America N.A.     4/4/2018       511,337       USD       708,185       NZD       453        
Bank of America N.A.     4/4/2018       8,472,571       USD       70,013,972       SEK       112,494        
Bank of America N.A.     4/4/2018       204,813       USD       270,810       SGD             (1,712
Bank of America N.A.     5/2/2018       5,458,171       USD       7,116,232       AUD             (387
Bank of America N.A.     5/2/2018       7,904,574       USD       47,813,796       DKK             (89
Bank of America N.A.     5/2/2018       20,566,122       USD       14,642,614       GBP       1,012        
Bank of America N.A.     5/2/2018       723,390       USD       2,534,802       ILS       138        
Bank of America N.A.     5/2/2018       499,909       USD       693,037       NZD             (10
Bank of America N.A.     5/3/2018       13,869,150       USD       13,249,019       CHF       757        
Bank of America N.A.     5/3/2018       32,863,130       USD       26,664,944       EUR       1,466        
Bank of America N.A.     5/3/2018       4,166,167       USD       32,662,999       HKD       57        
Bank of America N.A.     5/3/2018       1,717,941       USD       13,477,087       NOK             (190
Bank of America N.A.     5/3/2018       7,952,755       USD       66,460,378       SEK       780        
Bank of America N.A.     5/4/2018       195,911       USD       256,706       SGD              
Bank of America N.A.     5/7/2018       17,402,820       USD       1,846,677,620       JPY       6,033        
Bank of Montreal     4/3/2018       30,000       USD       28,682       CHF       48        
Bank of Montreal     4/3/2018       823,259       USD       2,856,346       ILS       9,682        
Bank of Montreal     4/4/2018       5,919,955       USD       7,597,088       AUD       92,609        
Bank of Montreal     4/4/2018       14,400,366       USD       13,568,111       CHF       231,495        
Bank of Montreal     4/4/2018       8,413,345       USD       51,225,888       DKK             (38,517
Bank of Montreal     4/4/2018       33,491,696       USD       27,389,237       EUR             (192,969
Bank of Montreal     4/4/2018       20,957,255       USD       15,185,712       GBP             (345,262
Bank of Montreal     4/4/2018       4,309,284       USD       33,689,663       HKD       16,678        
Bank of Montreal     4/4/2018       18,297,340       USD       1,947,665,845       JPY             (17,556
Bank of Montreal     4/4/2018       1,667,822       USD       13,140,903       NOK             (5,976
Bank of Montreal     4/4/2018       511,337       USD       708,204       NZD       439        
Bank of Montreal     4/4/2018       8,472,571       USD       70,014,726       SEK       112,404        
Bank of Montreal     4/4/2018       204,813       USD       270,833       SGD             (1,730
Barclays Bank PLC     4/3/2018       2,849,703       ILS       811,761       USD             (76
Barclays Bank PLC     4/3/2018       823,259       USD       2,855,655       ILS       9,879        
Barclays Bank PLC     4/4/2018       7,610,229       AUD       5,837,274       USD       152        
Barclays Bank PLC     4/4/2018       13,596,911       CHF       14,199,243       USD             (297
Barclays Bank PLC     4/4/2018       50,279,018       DKK       8,295,841       USD             (205
Barclays Bank PLC     4/4/2018       26,851,347       EUR       33,023,935       USD             (794
Barclays Bank PLC     4/4/2018       14,730,515       GBP       20,664,556       USD             (589

 

See Notes to Financial Statements.

 

64   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2018

 

  

 

 

Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Barclays Bank PLC     4/4/2018       33,347,354       HKD       4,249,099       USD     $     $ (108
Barclays Bank PLC     4/4/2018       1,918,394,462       JPY       18,041,791       USD             (2,149
Barclays Bank PLC     4/4/2018       12,911,436       NOK       1,644,528       USD       42        
Barclays Bank PLC     4/4/2018       698,892       NZD       504,195       USD             (14
Barclays Bank PLC     4/4/2018       69,963,326       SEK       8,354,239       USD             (209
Barclays Bank PLC     4/4/2018       264,803       SGD       201,953       USD             (9
Barclays Bank PLC     4/4/2018       5,919,955       USD       7,596,991       AUD       92,683        
Barclays Bank PLC     4/4/2018       14,400,366       USD       13,568,025       CHF       231,585        
Barclays Bank PLC     4/4/2018       8,413,345       USD       51,224,609       DKK             (38,306
Barclays Bank PLC     4/4/2018       33,491,696       USD       27,389,573       EUR             (193,382
Barclays Bank PLC     4/4/2018       20,957,255       USD       15,185,921       GBP             (345,555
Barclays Bank PLC     4/4/2018       4,309,284       USD       33,688,474       HKD       16,829        
Barclays Bank PLC     4/4/2018       18,297,340       USD       1,947,669,504       JPY             (17,591
Barclays Bank PLC     4/4/2018       1,667,822       USD       13,139,697       NOK             (5,822
Barclays Bank PLC     4/4/2018       511,337       USD       708,194       NZD       446        
Barclays Bank PLC     4/4/2018       8,472,571       USD       70,014,107       SEK       112,478        
Barclays Bank PLC     4/4/2018       204,813       USD       270,801       SGD             (1,705
Barclays Bank PLC     5/2/2018       5,458,171       USD       7,116,000       AUD             (209
Barclays Bank PLC     5/2/2018       7,904,574       USD       47,814,191       DKK             (154
Barclays Bank PLC     5/2/2018       20,566,122       USD       14,643,114       GBP       309        
Barclays Bank PLC     5/2/2018       723,390       USD       2,535,164       ILS       35        
Barclays Bank PLC     5/2/2018       499,909       USD       693,012       NZD       8        
Barclays Bank PLC     5/3/2018       13,869,150       USD       13,249,712       CHF       31        
Barclays Bank PLC     5/3/2018       32,863,130       USD       26,666,285       EUR             (188
Barclays Bank PLC     5/3/2018       4,166,167       USD       32,665,041       HKD             (204
Barclays Bank PLC     5/3/2018       1,717,941       USD       13,476,306       NOK             (91
Barclays Bank PLC     5/3/2018       7,952,755       USD       66,465,484       SEK       169        
Barclays Bank PLC     5/4/2018       195,911       USD       256,720       SGD             (10
Barclays Bank PLC     5/7/2018       17,402,820       USD       1,846,740,270       JPY       5,443        
Canadian Imperial Bank of Commerce     4/3/2018       823,259       USD       2,856,100       ILS       9,752        
Canadian Imperial Bank of Commerce     4/4/2018       5,919,955       USD       7,596,893       AUD       92,758        
Canadian Imperial Bank of Commerce     4/4/2018       14,400,366       USD       13,568,457       CHF       231,134        
Canadian Imperial Bank of Commerce     4/4/2018       8,413,345       USD       51,229,110       DKK             (39,048
Canadian Imperial Bank of Commerce     4/4/2018       33,491,696       USD       27,390,245       EUR             (194,209
Canadian Imperial Bank of Commerce     4/4/2018       20,957,255       USD       15,186,747       GBP             (346,713
Canadian Imperial Bank of Commerce     4/4/2018       4,309,284       USD       33,688,733       HKD       16,796        
Canadian Imperial Bank of Commerce     4/4/2018       18,297,340       USD       1,948,044,600       JPY             (21,118
Canadian Imperial Bank of Commerce     4/4/2018       1,667,822       USD       13,139,735       NOK             (5,827
Canadian Imperial Bank of Commerce     4/4/2018       511,337       USD       708,203       NZD       439        
Canadian Imperial Bank of Commerce     4/4/2018       8,472,571       USD       70,016,649       SEK       112,174        
Canadian Imperial Bank of Commerce     4/4/2018       204,813       USD       270,826       SGD             (1,725
Citibank N.A.     4/3/2018       2,849,634       ILS       811,761       USD             (96
Citibank N.A.     4/4/2018       7,610,259       AUD       5,837,274       USD       175        
Citibank N.A.     4/4/2018       13,596,783       CHF       14,199,243       USD             (430
Citibank N.A.     4/4/2018       50,277,749       DKK       8,295,841       USD             (415
Citibank N.A.     4/4/2018       26,851,194       EUR       33,023,935       USD             (982
Citibank N.A.     4/4/2018       14,731,376       GBP       20,664,556       USD       619        
Citibank N.A.     4/4/2018       33,346,538       HKD       4,249,099       USD             (212
Citibank N.A.     4/4/2018       1,918,417,916       JPY       18,041,791       USD             (1,928
Citibank N.A.     4/4/2018       12,911,495       NOK       1,644,528       USD       49        
Citibank N.A.     4/4/2018       698,933       NZD       504,195       USD       15        
Citibank N.A.     4/4/2018       69,962,984       SEK       8,354,239       USD             (250
Citibank N.A.     4/4/2018       264,796       SGD       201,953       USD             (14
Citibank N.A.     5/2/2018       5,458,171       USD       7,116,102       AUD             (287
Citibank N.A.     5/2/2018       7,904,574       USD       47,810,792       DKK       408        
Citibank N.A.     5/2/2018       20,566,122       USD       14,643,980       GBP             (906
Citibank N.A.     5/2/2018       723,390       USD       2,535,060       ILS       64        
Citibank N.A.     5/2/2018       499,909       USD       693,060       NZD             (27
Citibank N.A.     5/3/2018       13,869,150       USD       13,249,768       CHF             (27

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      65  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2018

 

  

 

 

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.     5/3/2018       32,863,130       USD       26,666,026       EUR     $ 132     $  
Citibank N.A.     5/3/2018       4,166,167       USD       32,662,366       HKD       138        
Citibank N.A.     5/3/2018       1,717,941       USD       13,476,168       NOK             (73
Citibank N.A.     5/3/2018       7,952,755       USD       66,464,323       SEK       308        
Citibank N.A.     5/4/2018       195,911       USD       256,709       SGD             (2
Citibank N.A.     5/7/2018       17,402,820       USD       1,846,748,972       JPY       5,361        
Credit Suisse International     4/3/2018       2,849,536       ILS       811,761       USD             (124
Credit Suisse International     4/4/2018       7,610,219       AUD       5,837,274       USD       144        
Credit Suisse International     4/4/2018       13,596,854       CHF       14,199,243       USD             (356
Credit Suisse International     4/4/2018       50,279,002       DKK       8,295,841       USD             (208
Credit Suisse International     4/4/2018       26,851,325       EUR       33,023,935       USD             (821
Credit Suisse International     4/4/2018       14,730,568       GBP       20,664,556       USD             (516
Credit Suisse International     4/4/2018       33,346,538       HKD       4,249,099       USD             (212
Credit Suisse International     4/4/2018       1,918,389,049       JPY       18,041,791       USD             (2,199
Credit Suisse International     4/4/2018       12,911,429       NOK       1,644,528       USD       41        
Credit Suisse International     4/4/2018       698,894       NZD       504,195       USD             (13
Credit Suisse International     4/4/2018       69,963,335       SEK       8,354,239       USD             (209
Credit Suisse International     4/4/2018       264,789       SGD       201,953       USD             (19
Credit Suisse International     5/2/2018       5,458,171       USD       7,116,250       AUD             (401
Credit Suisse International     5/2/2018       7,904,574       USD       47,814,673       DKK             (234
Credit Suisse International     5/2/2018       20,566,122       USD       14,643,489       GBP             (218
Credit Suisse International     5/2/2018       723,390       USD       2,535,228       ILS       16        
Credit Suisse International     5/2/2018       499,909       USD       693,015       NZD       6        
Credit Suisse International     5/3/2018       13,869,150       USD       13,249,698       CHF       45        
Credit Suisse International     5/3/2018       32,863,130       USD       26,666,545       EUR             (508
Credit Suisse International     5/3/2018       4,166,167       USD       32,663,616       HKD             (22
Credit Suisse International     5/3/2018       1,717,941       USD       13,476,639       NOK             (133
Credit Suisse International     5/3/2018       7,952,755       USD       66,467,067       SEK             (20
Credit Suisse International     5/4/2018       195,911       USD       256,706       SGD              
Credit Suisse International     5/7/2018       17,402,820       USD       1,846,717,647       JPY       5,656        
Goldman Sachs     4/3/2018       2,171,231       ILS       618,487       USD             (52
Goldman Sachs     4/4/2018       5,798,268       AUD       4,447,451       USD       110        
Goldman Sachs     4/4/2018       10,359,522       CHF       10,818,474       USD             (260
Goldman Sachs     4/4/2018       300,686       DKK       414,369       SEK       133        
Goldman Sachs     4/4/2018       38,307,825       DKK       6,320,642       USD             (157
Goldman Sachs     4/4/2018       20,458,172       EUR       25,161,097       USD             (605
Goldman Sachs     4/4/2018       11,223,291       GBP       15,744,426       USD             (393
Goldman Sachs     4/4/2018       25,407,523       HKD       3,237,409       USD             (81
Goldman Sachs     4/4/2018       3,471,030       JPY       272,225       SEK       133        
Goldman Sachs     4/4/2018       1,461,616,274       JPY       13,746,129       USD             (1,805
Goldman Sachs     4/4/2018       229,257       NOK       244,205       SEK       42        
Goldman Sachs     4/4/2018       9,837,305       NOK       1,252,977       USD       31        
Goldman Sachs     4/4/2018       532,497       NZD       384,153       USD             (10
Goldman Sachs     4/4/2018       53,305,419       SEK       6,365,137       USD             (159
Goldman Sachs     4/4/2018       201,758       SGD       153,869       USD             (4
Goldman Sachs     4/4/2018       35,941       USD       300,000       SEK       119        
Goldman Sachs     5/2/2018       4,158,609       USD       5,421,739       AUD             (176
Goldman Sachs     5/2/2018       6,022,537       USD       36,429,369       DKK             (32
Goldman Sachs     5/2/2018       15,669,431       USD       11,156,654       GBP       247        
Goldman Sachs     5/2/2018       551,159       USD       1,931,594       ILS       20        
Goldman Sachs     5/2/2018       380,887       USD       528,017       NZD       4        
Goldman Sachs     5/3/2018       10,566,975       USD       10,094,938       CHF       112        
Goldman Sachs     5/3/2018       25,038,576       USD       20,316,758       EUR       365        
Goldman Sachs     5/3/2018       3,174,227       USD       24,886,813       HKD             (44
Goldman Sachs     5/3/2018       1,308,909       USD       10,267,593       NOK             (59
Goldman Sachs     5/3/2018       6,059,243       USD       50,643,377       SEK             (230
Goldman Sachs     5/4/2018       149,267       USD       195,593       SGD             (4
Goldman Sachs     5/7/2018       13,259,295       USD       1,407,060,474       JPY       3,960        

 

See Notes to Financial Statements.

 

66   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2018

 

  

 

 

Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Morgan Stanley & Co. International     4/3/2018       115,231       USD       150,000       AUD     $ 174     $  
Royal Bank of Canada     4/3/2018       627,248       USD       2,176,363       ILS       7,352        
Royal Bank of Canada     4/4/2018       1,063,525       GBP       1,426,964       CHF       1,767        
Royal Bank of Canada     4/4/2018       4,510,446       USD       5,788,204       AUD       70,605        
Royal Bank of Canada     4/4/2018       10,971,708       USD       10,337,752       CHF       176,228        
Royal Bank of Canada     4/4/2018       6,410,172       USD       39,030,281       DKK             (29,512
Royal Bank of Canada     4/4/2018       25,517,487       USD       20,868,352       EUR             (147,465
Royal Bank of Canada     4/4/2018       15,967,435       USD       11,570,161       GBP             (263,186
Royal Bank of Canada     4/4/2018       3,283,267       USD       25,668,437       HKD       12,694        
Royal Bank of Canada     4/4/2018       78,865       USD       618,941       HKD       2        
Royal Bank of Canada     4/4/2018       13,940,835       USD       1,483,933,575       JPY             (13,350
Royal Bank of Canada     4/4/2018       1,270,723       USD       10,011,441       NOK             (4,465
Royal Bank of Canada     4/4/2018       389,593       USD       539,576       NZD       343        
Royal Bank of Canada     4/4/2018       6,455,295       USD       53,345,557       SEK       85,524        
Royal Bank of Canada     4/4/2018       156,050       USD       206,335       SGD             (1,305
Societe Generale     4/4/2018       404,093       EUR       647,410       AUD       378        
State Street Bank and Trust     4/3/2018       45,670       USD       160,275       ILS       19        
State Street Bank and Trust     4/4/2018       355,000       EUR       3,646,652       SEK       1,165        
UBS AG     4/3/2018       152,835       ILS       43,802       USD             (270
UBS AG     4/3/2018       38,197       ILS       10,951       USD             (71
UBS AG     4/4/2018       409,384       AUD       314,975       USD             (957
UBS AG     4/4/2018       102,148       AUD       78,744       USD             (391
UBS AG     4/4/2018       726,455       CHF       766,181       USD             (7,561
UBS AG     4/4/2018       181,502       CHF       191,545       USD             (2,007
UBS AG     4/4/2018       2,706,571       DKK       447,637       USD             (1,074
UBS AG     4/4/2018       672,625       DKK       111,909       USD             (931
UBS AG     4/4/2018       1,446,548       EUR       1,781,947       USD             (2,910
UBS AG     4/4/2018       359,210       EUR       445,487       USD             (3,712
UBS AG     4/4/2018       790,663       GBP       1,115,044       USD             (5,902
UBS AG     4/4/2018       197,056       GBP       278,761       USD             (2,331
UBS AG     4/4/2018       1,798,585       HKD       229,278       USD             (109
UBS AG     4/4/2018       449,635       HKD       57,320       USD             (29
UBS AG     4/4/2018       102,469,421       JPY       973,522       USD             (9,950
UBS AG     4/4/2018       25,729,841       JPY       243,380       USD             (1,429
UBS AG     4/4/2018       687,629       NOK       88,738       USD             (1,153
UBS AG     4/4/2018       171,001       NOK       22,184       USD             (403
UBS AG     4/4/2018       37,692       NZD       27,206       USD             (15
UBS AG     4/4/2018       9,356       NZD       6,802       USD             (53
UBS AG     4/4/2018       3,714,664       SEK       450,789       USD             (7,236
UBS AG     4/4/2018       926,881       SEK       112,697       USD             (2,022
UBS AG     4/4/2018       14,346       SGD       10,897       USD       43        

UBS AG

    4/4/2018       3,566       SGD       2,724       USD             (5
                                            $ 2,245,664     $ (2,953,817

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      67  


Table of Contents

Schedule of Investments

WisdomTree International High Dividend Fund (DTH)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%  
Australia – 8.5%  

Adelaide Brighton Ltd.(a)

     24,163      $ 115,283  

AGL Energy Ltd.

     20,818        346,196  

Alumina Ltd.

     140,496        254,331  

Amcor Ltd.

     39,549        429,862  

AMP Ltd.

     108,370        414,795  

ASX Ltd.

     4,608        198,148  

Aurizon Holdings Ltd.

     109,637        355,731  

Australia & New Zealand Banking Group Ltd.

     103,686        2,136,239  

Bank of Queensland Ltd.

     22,926        192,736  

Bendigo & Adelaide Bank Ltd.

     23,970        180,920  

BHP Billiton Ltd.

     101,376        2,193,622  

Blackmores Ltd.(a)

     948        91,455  

Brickworks Ltd.

     15,917        189,486  

Caltex Australia Ltd.

     10,048        242,010  

carsales.com Ltd.

     14,206        147,215  

Coca-Cola Amatil Ltd.

     40,019        266,139  

Commonwealth Bank of Australia

     55,016        3,051,484  

Crown Resorts Ltd.

     43,139        419,909  

CSR Ltd.

     40,892        162,477  

DuluxGroup Ltd.

     19,508        110,431  

Event Hospitality and Entertainment Ltd.

     12,256        130,955  

Fairfax Media Ltd.

     112,589        58,294  

Flight Centre Travel Group Ltd.(a)

     6,264        273,826  

Fortescue Metals Group Ltd.

     214,783        713,364  

Genworth Mortgage Insurance Australia Ltd.(a)

     74,421        131,865  

Harvey Norman Holdings Ltd.(a)

     116,444        329,585  

Healthscope Ltd.

     104,476        155,068  

Insurance Australia Group Ltd.

     60,825        348,985  

IOOF Holdings Ltd.

     13,387        104,533  

JB Hi-Fi Ltd.(a)

     10,363        205,162  

Macquarie Group Ltd.

     11,472        905,479  

Magellan Financial Group Ltd.

     4,436        81,119  

Medibank Pvt Ltd.

     73,177        162,778  

Mineral Resources Ltd.

     10,699        139,431  

MYOB Group Ltd.

     39,869        93,274  

National Australia Bank Ltd.

     109,229        2,387,009  

Nick Scali Ltd.

     12,852        66,247  

Orora Ltd.

     64,288        162,730  

Pact Group Holdings Ltd.

     21,728        91,332  

Platinum Asset Management Ltd.(a)

     33,918        152,458  

QBE Insurance Group Ltd.

     37,929        280,170  

Regis Healthcare Ltd.(a)

     27,700        77,553  

Regis Resources Ltd.

     33,979        118,068  

Rio Tinto Ltd.

     15,718        876,507  

Sonic Healthcare Ltd.

     16,072        282,065  

Suncorp Group Ltd.

     41,652        426,202  

Tabcorp Holdings Ltd.

     140,739        473,917  

Telstra Corp., Ltd.

     864,523        2,082,236  

Vocus Group Ltd.(a)

     34,520        58,782  

Washington H Soul Pattinson & Co., Ltd.(a)

     13,092        186,886  

Wesfarmers Ltd.

     55,237        1,760,878  

Westpac Banking Corp.

     127,746        2,804,404  

Woodside Petroleum Ltd.

     36,710      823,352  
     

 

 

 
Total Australia               28,442,983  
Austria – 0.3%  

Erste Group Bank AG*

     8,976        450,397  

EVN AG

     7,473        145,764  

Oesterreichische Post AG

     3,948        196,063  

UNIQA Insurance Group AG

     15,139        175,668  
     

 

 

 
Total Austria               967,892  
Belgium – 2.9%  

Ageas

     8,501        438,690  

Anheuser-Busch InBev S.A.

     61,558        6,759,133  

bpost S.A.

     14,230        321,314  

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

     3,000        187,429  

KBC Group N.V.

     10,955        952,812  

Proximus SADP

     15,518        481,510  

Solvay S.A.

     3,452        479,098  
     

 

 

 
Total Belgium               9,619,986  
China – 3.7%  

China Jinmao Holdings Group Ltd.

     354,000        201,621  

China Mobile Ltd.

     665,000        6,096,448  

China Overseas Land & Investment Ltd.

     232,000        805,525  

China Power International Development Ltd.

     494,000        127,146  

China Resources Power Holdings Co., Ltd.

     280,000        510,888  

China South City Holdings Ltd.

     498,000        112,312  

CITIC Telecom International Holdings Ltd.

     215,000        62,185  

CNOOC Ltd.

     1,915,000        2,820,662  

Guangdong Investment Ltd.

     202,000        317,607  

Lenovo Group Ltd.

     544,000        277,951  

Shanghai Industrial Holdings Ltd.

     30,000        78,170  

Shenzhen Investment Ltd.

     422,000        179,053  

Sino-Ocean Group Holding Ltd.

     278,500        201,912  

Sun Art Retail Group Ltd.

     286,500        333,288  

Yangzijiang Shipbuilding Holdings Ltd.

     179,400        165,541  

Yuexiu Property Co., Ltd.

     784,000        184,804  
     

 

 

 
Total China               12,475,113  
Denmark – 0.4%  

Danske Bank A/S

     23,052        857,286  

Scandinavian Tobacco Group A/S Class A(b)

     7,358        129,292  

Spar Nord Bank A/S

     10,046        119,175  

Tryg A/S

     16,127        373,846  
     

 

 

 
Total Denmark               1,479,599  
Finland – 2.3%  

DNA Oyj

     8,457        183,367  

Elisa Oyj

     8,901        402,517  

Fortum Oyj(a)

     71,820        1,541,321  

Kesko Oyj Class B

     3,910        223,894  

Kone Oyj Class B

     16,860        840,401  

Neste Oyj(a)

     10,733        747,119  

Nokia Oyj

     180,526        995,760  

Nokian Renkaat Oyj(a)

     6,682        303,239  

Raisio Oyj Class V

     34,120        151,904  

Sampo Oyj Class A

     17,895        996,090  

 

See Notes to Financial Statements.

 

68   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Stora Enso Oyj Class R(a)

     22,804      $ 418,579  

Tieto Oyj

     5,303        176,613  

UPM-Kymmene Oyj

     21,183        784,163  
     

 

 

 
Total Finland               7,764,967  
France – 10.9%  

Amundi S.A.(b)

     5,009        402,023  

AXA S.A.

     73,811        1,960,772  

BNP Paribas S.A.

     33,068        2,447,035  

Bouygues S.A.

     17,397        871,019  

Carrefour S.A.(a)

     22,600        468,339  

Casino Guichard Perrachon S.A.

     7,795        381,646  

CNP Assurances

     21,219        534,972  

Credit Agricole S.A.

     79,093        1,284,484  

Electricite de France S.A.

     226,272        3,272,581  

Engie S.A.

     179,345        2,989,793  

Eutelsat Communications S.A.

     12,157        240,716  

Gaztransport Et Technigaz S.A.

     4,720        295,469  

Klepierre S.A.

     7,517        302,767  

Lagardere SCA

     8,517        243,012  

Metropole Television S.A.

     7,868        202,432  

Natixis S.A.

     117,138        959,166  

Neopost S.A.

     2,475        65,139  

Orange S.A.

     107,669        1,825,365  

Renault S.A.

     12,021        1,456,227  

Sanofi

     45,265        3,636,868  

Schneider Electric SE*

     19,595        1,719,217  

SCOR SE

     6,907        282,530  

Societe BIC S.A.

     1,992        198,071  

Societe Generale S.A.

     23,931        1,299,697  

Suez

     25,480        368,832  

TOTAL S.A.

     137,239        7,785,980  

Unibail-Rodamco SE

     2,300        525,140  

Veolia Environnement S.A.

     25,777        610,102  
     

 

 

 
Total France               36,629,394  
Germany – 8.9%  

Allianz SE Registered Shares

     12,060        2,720,188  

AURELIUS Equity Opportunities SE & Co. KGaA

     1,903        132,467  

Axel Springer SE

     5,029        420,574  

BASF SE

     32,296        3,275,647  

Bayerische Motoren Werke AG

     26,106        2,830,186  

CECONOMY AG

     12,698        146,016  

Daimler AG Registered Shares

     55,819        4,734,723  

Deutsche Lufthansa AG Registered Shares

     14,145        451,258  

Deutsche Post AG Registered Shares

     42,351        1,850,073  

Deutsche Telekom AG Registered Shares

     166,267        2,709,407  

Evonik Industries AG

     18,733        659,831  

Freenet AG

     8,649        262,840  

Hannover Rueck SE

     4,336        591,389  

Hugo Boss AG

     3,260        283,699  

Innogy SE(b)

     25,261        1,195,157  

MAN SE

     4,815        561,084  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     4,783        1,110,887  

ProSiebenSat.1 Media SE

     13,977      484,404  

Siemens AG Registered Shares

     24,696        3,144,149  

Talanx AG

     7,566        328,840  

Telefonica Deutschland Holding AG

     178,245        836,523  

TUI AG

     32,460        694,824  

Uniper SE

     12,357        376,132  
     

 

 

 
Total Germany               29,800,298  
Hong Kong – 2.2%  

BOC Hong Kong Holdings Ltd.

     204,047        993,157  

CLP Holdings Ltd.

     62,000        631,194  

Hang Lung Properties Ltd.

     157,000        365,679  

Hang Seng Bank Ltd.

     38,618        893,573  

Henderson Land Development Co., Ltd.

     92,000        599,009  

Hopewell Holdings Ltd.

     50,000        190,806  

Hysan Development Co., Ltd.

     46,000        243,237  

Kowloon Development Co., Ltd.

     149,000        167,638  

New World Development Co., Ltd.

     328,163        463,291  

PCCW Ltd.

     438,380        253,589  

Power Assets Holdings Ltd.

     75,018        668,617  

Sino Land Co., Ltd.

     208,000        336,583  

SJM Holdings Ltd.

     175,000        152,071  

Sun Hung Kai Properties Ltd.

     59,000        932,176  

Swire Pacific Ltd. Class B

     87,500        149,841  

Television Broadcasts Ltd.

     24,500        81,164  

Wharf Holdings Ltd. (The)

     62,000        212,900  
     

 

 

 
Total Hong Kong               7,334,525  
Ireland – 0.1%  

C&C Group PLC

     34,001        111,231  

Smurfit Kappa Group PLC

     8,597        348,064  
     

 

 

 
Total Ireland               459,295  
Israel – 0.4%  

Amot Investments Ltd.

     43,426        232,292  

B Communications Ltd.*

     6,253        82,000  

Bezeq Israeli Telecommunication Corp., Ltd.

     228,294        291,313  

Delek Automotive Systems Ltd.

     18,630        139,452  

Israel Chemicals Ltd.

     47,047        198,327  

Oil Refineries Ltd.

     284,704        131,532  

Sella Capital Real Estate Ltd.

     122,747        238,267  
     

 

 

 
Total Israel               1,313,183  
Italy – 4.3%  

A2A SpA

     125,544        240,015  

ACEA SpA

     10,285        174,303  

Ascopiave SpA

     30,320        121,562  

Assicurazioni Generali SpA

     54,842        1,053,867  

Atlantia SpA

     32,362        1,000,981  

Azimut Holding SpA

     6,485        139,134  

Banca Generali SpA

     3,697        119,125  

Banca Mediolanum SpA

     28,527        248,394  

Ei Towers SpA

     1,565        87,671  

Enav SpA(b)

     33,392        177,985  

Enel SpA

     517,254        3,161,641  

Eni SpA

     216,587        3,805,889  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      69  


Table of Contents

Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

ERG SpA

     9,169      $ 218,539  

FinecoBank Banca Fineco SpA

     18,621        223,697  

Hera SpA

     51,429        188,105  

Intesa Sanpaolo SpA RSP

     54,861        207,675  

Iren SpA

     44,858        140,570  

Italgas SpA

     38,673        230,961  

MARR SpA

     4,165        123,653  

Poste Italiane SpA(b)

     51,972        474,270  

Saras SpA

     50,702        111,181  

Snam SpA

     190,280        873,582  

Societa Iniziative Autostradali e Servizi SpA

     11,489        213,783  

Telecom Italia SpA RSP

     259,765        216,091  

Terna Rete Elettrica Nazionale SpA

     79,364        463,530  

Tod’s SpA(a)

     1,432        103,908  

UnipolSai Assicurazioni SpA

     135,365        321,803  
     

 

 

 
Total Italy               14,441,915  
Japan – 9.7%  

Aida Engineering Ltd.

     12,100        146,315  

Amada Holdings Co., Ltd.

     16,900        205,311  

Aozora Bank Ltd.

     6,100        242,910  

Bridgestone Corp.

     24,500        1,065,237  

Canon, Inc.

     52,400        1,898,422  

Chugoku Electric Power Co., Inc. (The)(a)

     18,300        220,598  

Daito Trust Construction Co., Ltd.

     2,000        345,839  

Daiwa Securities Group, Inc.(a)

     46,000        293,561  

Dexerials Corp.

     9,500        98,707  

Fields Corp.(a)

     6,600        72,299  

Heiwa Corp.

     4,900        98,553  

ITOCHU Corp.

     59,300        1,152,266  

Japan Post Holdings Co., Ltd.

     102,700        1,237,035  

Japan Tobacco, Inc.

     64,900        1,871,024  

Konica Minolta, Inc.(a)

     25,000        214,386  

Lawson, Inc.

     2,800        190,879  

Leopalace21 Corp.

     21,100        175,982  

Marubeni Corp.

     66,100        478,518  

Matsui Securities Co., Ltd.

     11,100        100,615  

Mitsubishi Corp.

     58,900        1,585,066  

Mitsui & Co., Ltd.

     70,800        1,213,286  

Mizuho Financial Group, Inc.

     588,400        1,058,954  

MS&AD Insurance Group Holdings, Inc.

     12,400        391,180  

Nippon Commercial Development Co., Ltd.(a)

     6,400        103,868  

Nissan Motor Co., Ltd.

     198,600        2,061,631  

Nomura Holdings, Inc.

     75,500        436,814  

North Pacific Bank Ltd.

     53,100        177,250  

NSK Ltd.

     20,100        269,512  

Onward Holdings Co., Ltd.

     12,600        109,354  

Resona Holdings, Inc.

     49,500        261,580  

Ricoh Co., Ltd.

     33,300        329,086  

Sankyo Co., Ltd.(a)

     4,700        165,726  

Sanrio Co., Ltd.(a)

     5,700        103,602  

Sekisui House Ltd.

     24,200        441,903  

Senko Group Holdings Co., Ltd.

     18,800        146,370  

Showa Shell Sekiyu K.K.

     16,000        216,794  

SKY Perfect JSAT Holdings, Inc.

     24,500        110,118  

Sony Financial Holdings, Inc.(a)

     10,200      185,681  

Star Micronics Co., Ltd.

     7,100        132,253  

Subaru Corp.

     31,200        1,022,985  

Sumitomo Corp.

     48,400        815,086  

Sumitomo Mitsui Financial Group, Inc.

     30,900        1,295,272  

Sumitomo Mitsui Trust Holdings, Inc.

     9,100        368,535  

Sumitomo Rubber Industries Ltd.

     9,600        176,203  

Takaoka Toko Co., Ltd.(a)

     5,900        94,367  

Takeda Pharmaceutical Co., Ltd.

     26,700        1,301,233  

Toyota Motor Corp.

     121,400        7,790,832  
     

 

 

 
Total Japan               32,472,998  
Netherlands – 1.6%  

ABN AMRO Group N.V. CVA(b)

     23,031        693,105  

Aegon N.V.

     83,595        562,984  

ASR Nederland N.V.

     4,039        172,467  

BE Semiconductor Industries N.V.

     1,737        177,416  

Beter Bed Holding N.V.

     4,647        53,208  

Boskalis Westminster

     6,715        196,551  

Corbion N.V.

     3,408        103,190  

Euronext N.V.(b)

     2,130        155,603  

ING Groep N.V.

     102,636        1,729,309  

Koninklijke KPN N.V.

     145,352        435,641  

NN Group N.V.

     10,465        463,849  

Philips Lighting N.V.(b)

     5,325        199,743  

Randstad Holding N.V.(a)

     7,333        481,768  

Steinhoff International Holdings N.V.*

     148,452        40,896  
     

 

 

 
Total Netherlands               5,465,730  
New Zealand – 0.8%  

Air New Zealand Ltd.

     95,122        221,646  

Auckland International Airport Ltd.

     40,195        177,459  

Chorus Ltd.

     39,606        114,287  

Contact Energy Ltd.

     43,716        165,568  

EBOS Group Ltd.

     8,899        115,234  

Genesis Energy Ltd.

     95,682        163,934  

Investore Property Ltd.(a)

     334,634        337,967  

Mercury NZ Ltd.

     103,063        239,406  

Meridian Energy Ltd.

     125,785        259,066  

SKYCITY Entertainment Group Ltd.

     45,519        128,066  

Spark New Zealand Ltd.

     128,652        309,984  

Trade Me Group Ltd.

     26,133        83,516  

Trustpower Ltd.

     28,565        115,192  

Vector Ltd.

     72,003        163,620  
     

 

 

 
Total New Zealand               2,594,945  
Norway – 3.1%  

Aker ASA Class A

     4,182        234,643  

Aker BP ASA

     13,335        360,426  

Atea ASA*

     9,109        147,583  

Austevoll Seafood ASA

     14,427        144,253  

Borregaard ASA

     8,573        80,806  

DNB ASA

     42,939        832,150  

Europris ASA(b)

     29,038        93,206  

Gjensidige Forsikring ASA(a)

     17,355        317,436  

Marine Harvest ASA

     37,900        758,874  

 

See Notes to Financial Statements.

 

70   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Orkla ASA

     33,787      $ 362,101  

Salmar ASA

     8,044        329,098  

Statoil ASA

     174,372        4,101,133  

Telenor ASA

     89,842        2,025,492  

Yara International ASA

     10,243        431,980  
     

 

 

 
Total Norway               10,219,181  
Portugal – 0.7%  

CTT-Correios de Portugal S.A.

     21,714        83,533  

EDP – Energias de Portugal S.A.

     188,672        716,535  

Galp Energia, SGPS, S.A.

     32,191        605,927  

Jeronimo Martins, SGPS, S.A.

     21,147        385,043  

Navigator Co. S.A. (The)

     51,389        302,605  

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

     61,779        190,555  

Sonae, SGPS, S.A.

     141,098        190,015  
     

 

 

 
Total Portugal               2,474,213  
Singapore – 2.3%  

Accordia Golf Trust

     270,300        132,955  

Bukit Sembawang Estates Ltd.

     34,500        160,752  

ComfortDelGro Corp., Ltd.

     122,200        191,039  

DBS Group Holdings Ltd.

     45,500        954,206  

Frasers Property Ltd.(a)

     261,700        399,146  

Hutchison Port Holdings Trust

     974,623        287,514  

Keppel Corp., Ltd.

     72,900        431,963  

M1 Ltd.(a)

     68,000        90,231  

Olam International Ltd.(a)

     109,200        194,866  

Oversea-Chinese Banking Corp., Ltd.

     83,747        818,757  

SATS Ltd.

     35,700        139,664  

Singapore Airlines Ltd.

     48,100        397,624  

Singapore Exchange Ltd.

     20,800        116,904  

Singapore Post Ltd.

     142,900        149,297  

Singapore Technologies Engineering Ltd.

     144,000        394,235  

Singapore Telecommunications Ltd.

     726,400        1,866,825  

StarHub Ltd.(a)

     137,800        241,699  

United Overseas Bank Ltd.

     27,750        581,960  

Venture Corp., Ltd.

     5,000        107,184  
     

 

 

 
Total Singapore               7,656,821  
Spain – 5.1%  

Abertis Infraestructuras S.A.

     42,358        949,153  

Acciona S.A.

     2,231        169,347  

Acerinox S.A.

     12,797        178,552  

ACS Actividades de Construccion y Servicios S.A.

     11,730        456,588  

Atresmedia Corp. de Medios de Comunicacion S.A.

     13,503        128,619  

Banco Bilbao Vizcaya Argentaria S.A.

     202,981        1,604,912  

Banco Santander S.A.

     329,750        2,147,351  

Bolsas y Mercados Espanoles SHMSF S.A.(a)

     5,312        179,657  

CaixaBank S.A.

     121,195        577,128  

Cia de Distribucion Integral Logista Holdings S.A.

     5,523        116,830  

Distribuidora Internacional de Alimentacion S.A.

     25,999        110,217  

Enagas S.A.

     14,334        391,885  

Endesa S.A.

     62,831        1,382,023  

Ferrovial S.A.

     29,994        625,807  

Gas Natural SDG S.A.

     45,071        1,074,799  

Iberdrola S.A.

     252,216        1,852,443  

Mapfre S.A.

     93,436      310,378  

Mediaset Espana Comunicacion S.A.

     17,789        180,842  

Red Electrica Corp. S.A.

     20,753        427,001  

Repsol S.A.

     60,879        1,079,281  

Saeta Yield S.A.

     7,489        112,182  

Telefonica S.A.

     273,501        2,700,341  

Zardoya Otis S.A.

     22,749        228,859  
     

 

 

 
Total Spain               16,984,195  
Sweden – 2.1%  

Axfood AB

     9,377        159,833  

Clas Ohlson AB Class B

     5,749        61,988  

Holmen AB Class B

     2,873        155,403  

ICA Gruppen AB(a)

     6,660        234,915  

JM AB

     3,526        79,784  

Kinnevik AB Class B

     6,767        242,729  

Modern Times Group MTG AB Class B

     4,298        173,874  

NetEnt AB*

     10,911        54,641  

Nordea Bank AB

     142,909        1,520,417  

Peab AB

     21,952        196,852  

Skandinaviska Enskilda Banken AB Class A

     74,188        774,585  

Skanska AB Class B

     21,025        428,418  

SKF AB Class B(a)

     16,437        334,636  

Swedbank AB Class A

     46,252        1,032,756  

Tele2 AB Class B

     34,023        406,864  

Telia Co. AB

     282,522        1,322,741  
     

 

 

 
Total Sweden               7,180,436  
Switzerland – 7.7%  

ABB Ltd. Registered Shares

     73,332        1,739,874  

Ascom Holding AG Registered Shares

     5,400        114,474  

Baloise Holding AG Registered Shares

     1,640        250,213  

Credit Suisse Group AG Registered Shares*

     72,155        1,204,844  

Kuehne + Nagel International AG Registered Shares

     4,217        661,879  

LafargeHolcim Ltd. Registered Shares*

     22,501        1,228,908  

Mobilezone Holding AG Registered Shares

     10,842        138,808  

Novartis AG Registered Shares

     94,396        7,615,951  

Oriflame Holding AG

     2,329        111,238  

Roche Holding AG Genusschein

     23,989        5,488,711  

SGS S.A. Registered Shares

     272        666,934  

Sunrise Communications Group AG*(b)

     2,767        231,306  

Swiss Re AG

     12,500        1,269,841  

Swisscom AG Registered Shares(a)

     2,481        1,227,028  

UBS Group AG Registered Shares*

     95,266        1,670,836  

VAT Group AG*(b)

     1,425        238,690  

Zurich Insurance Group AG

     5,493        1,797,730  
     

 

 

 
Total Switzerland               25,657,265  
United Kingdom – 21.4%  

Admiral Group PLC

     10,123        261,858  

Aggreko PLC

     12,098        124,602  

Ashmore Group PLC

     28,809        153,813  

AstraZeneca PLC

     52,998        3,639,589  

Aviva PLC

     116,376        809,568  

Babcock International Group PLC(a)

     25,051        235,027  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      71  


Table of Contents

Schedule of Investments (concluded)

WisdomTree International High Dividend Fund (DTH)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

BAE Systems PLC

     109,521      $ 893,240  

Barratt Developments PLC

     60,752        452,022  

BBA Aviation PLC

     53,158        238,922  

BCA Marketplace PLC(a)

     55,426        125,958  

Beazley PLC

     21,625        173,823  

Bellway PLC

     6,060        259,194  

Berkeley Group Holdings PLC

     9,132        485,385  

BHP Billiton PLC

     79,259        1,560,586  

Bovis Homes Group PLC

     10,473        167,336  

BP PLC

     1,356,208        9,117,676  

British American Tobacco PLC

     59,355        3,439,602  

Britvic PLC

     17,934        171,702  

BT Group PLC

     505,950        1,614,674  

Card Factory PLC

     41,726        110,686  

Central Asia Metals PLC

     25,161        112,594  

Centrica PLC

     350,315        698,802  

Crest Nicholson Holdings PLC

     16,699        106,445  

Dairy Crest Group PLC

     15,845        113,804  

Direct Line Insurance Group PLC

     41,492        221,936  

Dixons Carphone PLC

     58,343        152,679  

DS Smith PLC

     36,940        243,862  

Dunelm Group PLC

     17,038        125,958  

easyJet PLC

     18,558        417,702  

Elementis PLC

     40,251        166,795  

Essentra PLC

     12,843        76,352  

esure Group PLC

     22,834        69,316  

Fidessa Group PLC

     3,000        154,238  

G4S PLC

     52,549        182,889  

Galliford Try PLC

     10,143        118,809  

Games Workshop Group PLC

     5,030        162,643  

GlaxoSmithKline PLC

     245,851        4,807,624  

HSBC Holdings PLC

     708,640        6,614,610  

Imperial Brands PLC

     44,222        1,504,960  

Inmarsat PLC

     25,258        128,299  

Investec PLC

     21,373        164,781  

ITV PLC

     299,494        605,618  

J Sainsbury PLC

     94,165        315,442  

Jupiter Fund Management PLC

     25,695        169,988  

Kcom Group PLC

     65,598        84,751  

Kingfisher PLC

     97,927        401,813  

Legal & General Group PLC

     212,176        767,317  

Lloyds Banking Group PLC

     1,647,443        1,494,314  

Man Group PLC

     77,667        186,960  

Marks & Spencer Group PLC

     95,812        363,162  

Meggitt PLC

     40,109        242,952  

National Express Group PLC

     34,958        189,781  

National Grid PLC

     162,308        1,826,494  

NEX Group PLC

     17,474        240,468  

Next PLC

     6,287        419,715  

Old Mutual PLC

     109,262        366,782  

Pagegroup PLC

     23,090        173,776  

PayPoint PLC

     8,528        95,465  

Pearson PLC

     64,149        674,012  

Pennon Group PLC

     20,453        184,601  

Persimmon PLC

    18,864      669,499  

Rio Tinto PLC

    60,089        3,043,815  

Royal Dutch Shell PLC Class A

    328,838        10,303,000  

Royal Mail PLC

    63,784        483,887  

Saga PLC

    66,287        104,890  

Schroders PLC Non-Voting Shares

    3,878        124,033  

Severn Trent PLC

    9,121        235,939  

SSE PLC

    62,164        1,112,719  

Standard Life Aberdeen PLC

    121,520        613,174  

SThree PLC

    20,574        93,222  

Stock Spirits Group PLC

    18,900        65,885  

TalkTalk Telecom Group PLC(a)

    110,518        179,530  

Tate & Lyle PLC

    21,425        163,679  

Telecom Plus PLC

    5,884        100,865  

United Utilities Group PLC

    30,721        308,305  

Vodafone Group PLC

    1,677,836        4,571,295  

William Hill PLC

    55,963        259,302  
    

 

 

 
Total United Kingdom              71,616,811  
TOTAL COMMON STOCKS
(Cost: $319,673,258)
             333,051,745  
RIGHTS – 0.0%  
United Kingdom – 0.0%  
Galliford Try PLC, expiring 4/13/18*
(Cost $0)
    3,381        13,280  
EXCHANGE-TRADED FUND – 0.1%  
United States – 0.1%  
WisdomTree International LargeCap Dividend Fund(a)(c)
(Cost: $270,151)
    5,375        267,690  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3%  
United States – 2.3%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d)

    
(Cost: $7,777,529)(e)     7,777,529        7,777,529  
TOTAL INVESTMENTS IN SECURITIES – 101.8%
(Cost: $327,720,938)
       341,110,244  

Other Assets less Liabilities – (1.8)%

       (5,930,329
    

 

 

 
NET ASSETS – 100.0%            $ 335,179,915  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $9,427,586 and the total market value of the collateral held by the Fund was $10,036,925. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,259,396.

 

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

72   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 5.9%      

Australia & New Zealand Banking Group Ltd.

     150,297      $ 3,096,563  

BHP Billiton Ltd.

     99,611        2,155,431  

Commonwealth Bank of Australia

     81,358        4,512,553  

CSL Ltd.

     6,870        819,217  

Macquarie Group Ltd.

     17,357        1,369,978  

National Australia Bank Ltd.

     159,440        3,484,283  

Rio Tinto Ltd.

     17,927        999,691  

Telstra Corp., Ltd.

     951,926        2,292,749  

Wesfarmers Ltd.

     62,407        1,989,448  

Westpac Banking Corp.

     187,320        4,112,230  

Woodside Petroleum Ltd.

     32,510        729,152  

Woolworths Group Ltd.

     36,910        744,318  
     

 

 

 
Total Australia               26,305,613  
Austria – 0.3%  

Erste Group Bank AG*

     12,172        610,765  

OMV AG

     9,859        573,275  
     

 

 

 
Total Austria               1,184,040  
Belgium – 2.0%  

Anheuser-Busch InBev S.A.

     67,003        7,356,999  

KBC Group N.V.

     15,175        1,319,846  
     

 

 

 
Total Belgium               8,676,845  
China – 2.7%  

China Mobile Ltd.

     740,486        6,788,472  

China Overseas Land & Investment Ltd.

     320,000        1,111,069  

CITIC Ltd.

     857,273        1,199,350  

CNOOC Ltd.

     1,904,529        2,805,239  
     

 

 

 
Total China               11,904,130  
Denmark – 1.3%  

Coloplast A/S Class B

     5,624        473,793  

Danske Bank A/S

     33,551        1,247,735  

Novo Nordisk A/S Class B

     60,583        2,973,724  

Orsted A/S(a)

     10,398        672,510  

Vestas Wind Systems A/S

     4,225        299,610  
     

 

 

 
Total Denmark               5,667,372  
Finland – 0.9%  

Kone Oyj Class B

     16,857        840,251  

Nokia Oyj

     195,682        1,079,358  

Sampo Oyj Class A

     24,351        1,355,451  

UPM-Kymmene Oyj(b)

     21,844        808,632  
     

 

 

 
Total Finland               4,083,692  
France – 14.0%  

Aeroports de Paris

     2,191        476,945  

Air Liquide S.A.

     11,139        1,362,807  

Airbus SE

     16,254        1,875,061  

AXA S.A.

     103,813        2,757,768  

BNP Paribas S.A.

     47,109        3,486,071  

Bouygues S.A.

     16,242        813,192  

Capgemini SE

     3,702        460,754  

Carrefour S.A.(b)

     26,273        544,455  

Christian Dior SE

     3,281      1,294,876  

Cie de Saint-Gobain

     16,285        858,405  

Cie Generale des Etablissements Michelin SCA

     5,294        780,648  

CNP Assurances

     24,440        616,180  

Credit Agricole S.A.

     108,790        1,766,769  

Danone S.A.

     18,502        1,495,666  

Electricite de France S.A.

     242,232        3,503,411  

Engie S.A.

     191,782        3,197,125  

Essilor International Cie Generale d’Optique S.A.

     3,201        431,468  

Hermes International

     1,049        621,189  

Kering S.A.

     2,639        1,261,880  

L’Oreal S.A.

     10,621        2,394,962  

Legrand S.A.

     7,115        557,400  

LVMH Moet Hennessy Louis Vuitton SE(b)

     10,408        3,202,631  

Natixis S.A.

     160,374        1,313,197  

Orange S.A.

     115,436        1,957,043  

Pernod Ricard S.A.

     4,664        775,797  

Peugeot S.A.

     24,483        588,659  

Publicis Groupe S.A.

     7,333        510,266  

Renault S.A.

     12,482        1,512,073  

Safran S.A.

     10,001        1,057,531  

Sanofi

     48,574        3,902,733  

Schneider Electric SE*

     17,868        1,567,694  

Societe Generale S.A.

     33,528        1,820,912  

Sodexo S.A.

     4,465        449,736  

Thales S.A.

     3,599        437,931  

TOTAL S.A.

     149,240        8,466,833  

Unibail-Rodamco SE

     3,832        874,929  

Valeo S.A.

     5,784        381,566  

Vinci S.A.

     17,439        1,713,644  

Vivendi S.A.

     34,170        882,504  
     

 

 

 
Total France               61,972,711  
Germany – 9.5%  

adidas AG

     2,841        687,096  

Allianz SE Registered Shares

     18,147        4,093,139  

BASF SE

     35,561        3,606,802  

Bayer AG Registered Shares

     21,034        2,374,486  

Bayerische Motoren Werke AG

     27,938        3,028,795  

Beiersdorf AG

     1,260        142,595  

Continental AG

     4,822        1,330,175  

Covestro AG(a)

     5,043        495,303  

Daimler AG Registered Shares

     59,462        5,043,732  

Deutsche Bank AG Registered Shares

     24,296        338,426  

Deutsche Boerse AG

     5,667        770,834  

Deutsche Post AG Registered Shares

     45,288        1,978,374  

Deutsche Telekom AG Registered Shares

     183,139        2,984,345  

E.ON SE

     51,603        572,445  

Evonik Industries AG

     19,942        702,415  

Fresenius Medical Care AG & Co. KGaA

     4,112        419,642  

Fresenius SE & Co. KGaA

     5,313        405,512  

HeidelbergCement AG

     4,741        465,175  

Henkel AG & Co. KGaA

     4,298        540,747  

Infineon Technologies AG

     17,698        473,190  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      73  


Table of Contents

Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Innogy SE(a)

     27,737      $ 1,312,303  

Linde AG*

     4,486        943,977  

MAN SE

     4,330        504,568  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     6,970        1,618,833  

SAP SE

     18,775        1,961,995  

Siemens AG Registered Shares

     26,633        3,390,757  

Telefonica Deutschland Holding AG

     192,231        902,161  

Volkswagen AG

     4,826        965,073  
     

 

 

 
Total Germany               42,052,895  
Hong Kong – 2.7%  

AIA Group Ltd.

     165,800        1,402,739  

BOC Hong Kong Holdings Ltd.

     333,715        1,624,290  

CLP Holdings Ltd.

     88,500        900,979  

Galaxy Entertainment Group Ltd.

     47,000        426,685  

Hang Seng Bank Ltd.

     65,495        1,515,474  

Henderson Land Development Co., Ltd.

     116,606        759,217  

Hong Kong & China Gas Co., Ltd.

     322,891        663,201  

Hong Kong Exchanges & Clearing Ltd.

     23,700        770,643  

MTR Corp., Ltd.

     169,500        911,395  

Power Assets Holdings Ltd.

     83,000        739,759  

Sun Hung Kai Properties Ltd.

     74,442        1,176,154  

Swire Properties Ltd.

     152,000        532,599  

Wharf Holdings Ltd. (The)

     101,000        346,820  

Wheelock & Co., Ltd.

     37,000        270,371  
     

 

 

 
Total Hong Kong               12,040,326  
Ireland – 0.1%  

CRH PLC

     19,964        676,919  
Italy – 3.5%  

Assicurazioni Generali SpA

     80,460        1,546,153  

Atlantia SpA

     36,330        1,123,714  

Enel SpA

     580,778        3,549,922  

Eni SpA

     236,624        4,157,981  

Intesa Sanpaolo SpA

     987,869        3,588,299  

Luxottica Group SpA

     8,896        552,508  

Snam SpA

     209,842        963,391  
     

 

 

 
Total Italy               15,481,968  
Japan – 14.9%  

Asahi Group Holdings Ltd.

     7,900        420,962  

Astellas Pharma, Inc.

     65,900        1,000,118  

Bridgestone Corp.

     28,000        1,217,414  

Canon, Inc.

     58,600        2,123,045  

Chugai Pharmaceutical Co., Ltd.

     10,600        536,229  

Dai-ichi Life Holdings, Inc.

     24,100        440,190  

Daiichi Sankyo Co., Ltd.

     25,400        842,129  

Daikin Industries Ltd.

     4,400        485,510  

Daiwa House Industry Co., Ltd.

     17,000        655,383  

Denso Corp.

     22,800        1,247,729  

East Japan Railway Co.

     6,300        584,209  

Eisai Co., Ltd.

     10,400        663,116  

FANUC Corp.

     3,800        963,310  

Fast Retailing Co., Ltd.

     1,000        406,582  

FUJIFILM Holdings Corp.

     13,900      554,824  

Hitachi Ltd.

     122,000        884,228  

Honda Motor Co., Ltd.

     63,600        2,188,773  

Hoya Corp.

     7,800        389,083  

ITOCHU Corp.

     65,500        1,272,739  

Japan Post Holdings Co., Ltd.

     154,500        1,860,973  

Japan Tobacco, Inc.

     72,209        2,081,738  

JXTG Holdings, Inc.

     110,200        667,003  

Kao Corp.

     10,800        810,482  

KDDI Corp.(b)

     83,800        2,140,505  

Kirin Holdings Co., Ltd.

     19,300        514,031  

Komatsu Ltd.

     24,800        827,133  

Kubota Corp.

     25,500        446,460  

Mitsubishi Corp.

     64,400        1,733,078  

Mitsubishi Electric Corp.

     46,900        750,356  

Mitsubishi UFJ Financial Group, Inc.

     318,900        2,090,017  

Mitsui & Co., Ltd.

     71,300        1,221,855  

Mitsui Fudosan Co., Ltd.

     15,500        376,241  

Mizuho Financial Group, Inc.

     823,498        1,482,064  

MS&AD Insurance Group Holdings, Inc.

     18,600        586,770  

Murata Manufacturing Co., Ltd.

     3,300        452,102  

Nintendo Co., Ltd.

     2,000        881,241  

Nippon Steel & Sumitomo Metal Corp.

     19,100        419,625  

Nippon Telegraph & Telephone Corp.

     54,000        2,488,011  

Nissan Motor Co., Ltd.

     215,200        2,233,952  

Nomura Holdings, Inc.

     97,300        562,940  

NTT Data Corp.

     6,300        67,058  

NTT DOCOMO, Inc.(b)

     130,000        3,320,592  

Otsuka Holdings Co., Ltd.

     14,300        716,546  

Panasonic Corp.

     49,200        703,650  

Recruit Holdings Co., Ltd.

     22,800        566,945  

Secom Co., Ltd.

     5,100        379,803  

Seven & I Holdings Co., Ltd.

     20,100        862,590  

Shin-Etsu Chemical Co., Ltd.

     7,700        796,789  

Shionogi & Co., Ltd.

     2,000        103,263  

SoftBank Group Corp.

     6,500        485,896  

Sompo Holdings, Inc.

     9,700        390,554  

Subaru Corp.

     34,500        1,131,185  

Sumitomo Corp.

     49,700        836,979  

Sumitomo Mitsui Financial Group, Inc.

     45,300        1,898,894  

Suzuki Motor Corp.

     2,000        107,757  

Takeda Pharmaceutical Co., Ltd.

     30,400        1,481,553  

Tokio Marine Holdings, Inc.

     20,400        908,265  

Tokyo Electron Ltd.

     3,900        733,977  

Toyota Motor Corp.

     132,200        8,483,921  

Yahoo Japan Corp.(b)

     128,900        598,746  
     

 

 

 
Total Japan               66,077,113  
Netherlands – 2.0%  

ABN AMRO Group N.V. CVA(a)

     30,507        918,091  

Akzo Nobel N.V.

     6,442        607,988  

ASML Holding N.V.

     5,414        1,066,345  

Heineken Holding N.V.

     4,320        444,694  

Heineken N.V.

     10,724        1,151,392  

 

See Notes to Financial Statements.

 

74   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

ING Groep N.V.

     155,558      $ 2,620,989  

Koninklijke Ahold Delhaize N.V.

     39,508        934,948  

Koninklijke Philips N.V.

     27,899        1,069,321  

Steinhoff International Holdings N.V.*

     161,069        44,372  
     

 

 

 
Total Netherlands               8,858,140  
Norway – 1.7%  

DNB ASA

     58,205        1,128,002  

Statoil ASA

     182,332        4,288,348  

Telenor ASA

     96,569        2,177,152  
     

 

 

 
Total Norway               7,593,502  
Singapore – 1.3%  

DBS Group Holdings Ltd.

     66,100        1,386,220  

Oversea-Chinese Banking Corp., Ltd.

     120,555        1,178,613  

Singapore Telecommunications Ltd.

     840,600        2,160,316  

United Overseas Bank Ltd.

     41,886        878,414  

Wilmar International Ltd.

     139,500        338,298  
     

 

 

 
Total Singapore               5,941,861  
Spain – 4.6%  

Abertis Infraestructuras S.A.

     50,311        1,127,363  

Aena SME S.A.(a)

     3,630        730,592  

Amadeus IT Group S.A.

     12,895        951,218  

Banco Bilbao Vizcaya Argentaria S.A.

     286,207        2,262,955  

Banco Santander S.A.

     457,005        2,976,043  

CaixaBank S.A.

     184,298        877,624  

Endesa S.A.

     71,090        1,563,687  

Ferrovial S.A.

     33,884        706,970  

Gas Natural SDG S.A.

     51,648        1,231,640  

Iberdrola S.A.

     297,729        2,186,720  

Industria de Diseno Textil S.A.

     61,096        1,910,783  

Repsol S.A.

     63,535        1,126,367  

Telefonica S.A.

     269,964        2,665,419  
     

 

 

 
Total Spain               20,317,381  
Sweden – 2.5%  

Assa Abloy AB Class B

     20,672        445,168  

Atlas Copco AB Class A

     23,620        1,018,716  

Hennes & Mauritz AB Class B(b)

     38,727        578,861  

Nordea Bank AB

     205,021        2,181,231  

Sandvik AB

     31,915        580,962  

Skandinaviska Enskilda Banken AB Class A

     101,681        1,061,636  

Svenska Handelsbanken AB Class A(b)

     71,227        886,213  

Swedbank AB Class A

     63,738        1,423,199  

Telefonaktiebolaget LM Ericsson Class B(b)

     63,514        401,342  

Telia Co. AB

     312,625        1,463,680  

Volvo AB Class B

     46,298        841,676  
     

 

 

 
Total Sweden               10,882,684  
Switzerland – 9.2%  

ABB Ltd. Registered Shares

     77,027        1,827,541  

Cie Financiere Richemont S.A. Registered Shares

     12,629        1,131,018  

Credit Suisse Group AG Registered Shares*

     92,689        1,547,721  

EMS-Chemie Holding AG Registered Shares

     658        414,342  

Geberit AG Registered Shares

     1,058        466,687  

Givaudan S.A. Registered Shares

     322        731,696  

Kuehne + Nagel International AG Registered Shares

    4,769      748,518  

LafargeHolcim Ltd. Registered Shares*

    24,288        1,326,506  

Nestle S.A. Registered Shares

    98,836        7,804,906  

Novartis AG Registered Shares

    102,419        8,263,254  

Partners Group Holding AG

    698        517,523  

Roche Holding AG Bearer Shares

    5,577        1,291,749  

Roche Holding AG Genusschein

    26,177        5,989,328  

SGS S.A. Registered Shares

    276        676,742  

Swiss Re AG

    17,591        1,787,022  

Swisscom AG Registered Shares(b)

    2,820        1,394,687  

UBS Group AG Registered Shares*

    130,049        2,280,882  

Zurich Insurance Group AG

    7,880        2,578,939  
    

 

 

 
Total Switzerland              40,779,061  
United Kingdom – 20.1%  

Associated British Foods PLC

    10,948        382,564  

AstraZeneca PLC

    57,637        3,958,168  

Aviva PLC

    152,944        1,063,953  

BAE Systems PLC

    125,103        1,020,325  

Barclays PLC

    201,292        583,099  

BHP Billiton PLC

    82,988        1,634,009  

BP PLC

    1,471,449        9,892,432  

British American Tobacco PLC

    66,250        3,839,165  

BT Group PLC

    556,145        1,774,864  

Coca-Cola European Partners PLC

    10,500        436,732  

Compass Group PLC

    47,632        972,538  

Diageo PLC

    73,913        2,500,886  

GlaxoSmithKline PLC

    258,383        5,052,688  

HSBC Holdings PLC

    1,021,031        9,530,539  

Imperial Brands PLC

    49,392        1,680,905  

Legal & General Group PLC

    282,741        1,022,510  

Lloyds Banking Group PLC

    2,363,413        2,143,735  

National Grid PLC

    185,309        2,085,331  

Prudential PLC

    57,789        1,441,766  

Reckitt Benckiser Group PLC

    16,568        1,402,398  

RELX N.V.

    30,344        628,072  

RELX PLC

    28,025        575,942  

Rio Tinto PLC

    66,969        3,392,322  

Royal Dutch Shell PLC Class A

    352,485        11,043,897  

Royal Dutch Shell PLC Class B

    289,185        9,237,077  

Smith & Nephew PLC

    21,535        402,086  

SSE PLC

    72,567        1,298,930  

Unilever N.V. CVA

    48,725        2,748,735  

Unilever PLC

    38,680        2,146,266  

Vodafone Group PLC

    1,818,987        4,955,862  
    

 

 

 
Total United Kingdom              88,847,796  

TOTAL COMMON STOCKS

(Cost: $401,850,855)

             439,344,049  
EXCHANGE-TRADED FUND – 0.2%     
United States – 0.2%     
WisdomTree International MidCap Dividend Fund(c)
(Cost: $742,119)
    11,054        759,963  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      75  


Table of Contents

Schedule of Investments (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8%  
United States – 2.8%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d)

     
(Cost: $12,459,385)(e)      12,459,385      $ 12,459,385  

TOTAL INVESTMENTS IN SECURITIES – 102.2%

(Cost: $415,052,359)

 

 

     452,563,397  

Other Assets less Liabilities – (2.2)%

        (9,703,278
     

 

 

 
NET ASSETS – 100.0%             $ 442,860,119  

 

* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $12,281,757 and the total market value of the collateral held by the Fund was $13,027,848. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $568,463.

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 Montreal     4/3/2018       10,456       USD       10,000       CHF     $ 13     $  
Royal Bank of Canada     4/3/2018       2,146       USD       13,000       DKK       1        
Royal Bank of Canada     4/3/2018       104,203       USD       870,000       SEK       320        
UBS AG     4/2/2018       42,189       USD       4,495,000       JPY             (77
UBS AG     4/3/2018       46,114       USD       60,000       AUD       91        
UBS AG     4/3/2018       140,339       USD       100,000       GBP       59        
                                            $ 484     $ (77

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

GBP – British pound

JPY – Japanese yen

SEK – Swedish krona

USD – U.S. dollar

 

See Notes to Financial Statements.

 

76   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%  
Australia – 8.1%  

AGL Energy Ltd.

     47,216      $ 785,185  

Alumina Ltd.

     273,867        495,764  

Amcor Ltd.

     86,486        940,025  

AMP Ltd.

     332,082        1,271,070  

Aristocrat Leisure Ltd.

     21,424        395,385  

ASX Ltd.

     15,578        669,867  

Aurizon Holdings Ltd.

     210,093        681,672  

Bank of Queensland Ltd.

     53,259        447,741  

Bendigo & Adelaide Bank Ltd.

     61,528        464,399  

Boral Ltd.

     72,104        411,487  

Brambles Ltd.

     99,455        761,344  

Caltex Australia Ltd.

     19,529        470,363  

Challenger Ltd.

     36,642        324,346  

CIMIC Group Ltd.

     20,369        694,801  

Coca-Cola Amatil Ltd.

     93,453        621,493  

Cochlear Ltd.

     2,578        359,145  

Computershare Ltd.

     33,807        448,877  

Crown Resorts Ltd.

     86,381        840,821  

Downer EDI Ltd.

     40,417        198,722  

Fortescue Metals Group Ltd.

     460,058        1,528,003  

Harvey Norman Holdings Ltd.(a)

     215,512        609,988  

Incitec Pivot Ltd.

     90,093        242,562  

Insurance Australia Group Ltd.

     202,371        1,161,110  

Magellan Financial Group Ltd.

     12,754        233,226  

Medibank Pvt Ltd.

     225,492        501,595  

Newcrest Mining Ltd.

     24,265        364,060  

Orica Ltd.

     18,463        251,518  

Qantas Airways Ltd.

     111,119        496,913  

QBE Insurance Group Ltd.

     116,211        858,415  

Qube Holdings Ltd.(a)

     78,351        131,016  

Ramsay Health Care Ltd.

     8,912        426,016  

REA Group Ltd.

     5,547        337,025  

Seek Ltd.

     21,878        312,136  

Sonic Healthcare Ltd.

     30,689        538,595  

South32 Ltd.

     277,366        685,067  

Star Entertainment Grp Ltd. (The)

     62,574        253,906  

Suncorp Group Ltd.

     128,718        1,317,100  

Tabcorp Holdings Ltd.

     207,166        697,600  

TPG Telecom Ltd.(a)

     60,816        256,103  

Treasury Wine Estates Ltd.

     35,604        460,447  

Washington H Soul Pattinson & Co., Ltd.(a)

     18,608        265,626  
     

 

 

 
Total Australia               23,210,534  
Austria – 0.8%  

Andritz AG

     7,396        412,957  

Lenzing AG

     1,647        203,164  

Oesterreichische Post AG

     7,974        396,000  

Telekom Austria AG*

     48,938        465,843  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     8,140        272,099  

Voestalpine AG

     11,570        605,744  
     

 

 

 
Total Austria               2,355,807  
Belgium – 2.3%  

Ackermans & van Haaren N.V.

     1,511      264,251  

Ageas

     21,339        1,101,189  

Bekaert S.A.

     3,377        143,784  

bpost S.A.

     27,942        630,932  

Colruyt S.A.

     10,736        593,109  

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

     5,316        332,125  

Melexis N.V.

     3,728        371,375  

Proximus SADP

     37,347        1,158,845  

Solvay S.A.

     6,169        856,187  

UCB S.A.

     8,884        723,082  

Umicore S.A.

     8,042        424,597  
     

 

 

 
Total Belgium               6,599,476  
China – 2.7%  

Beijing Enterprises Holdings Ltd.

     80,200        418,970  

China Everbright International Ltd.

     250,000        350,394  

China Jinmao Holdings Group Ltd.

     937,242        533,806  

China Power International Development Ltd.

     1,039,666        267,590  

China Resources Pharmaceutical Group Ltd.(b)

     196,500        275,410  

China Resources Power Holdings Co., Ltd.

     562,000        1,025,425  

CSPC Pharmaceutical Group Ltd.

     74,000        196,590  

Fosun International Ltd.

     337,500        731,050  

Guangdong Investment Ltd.

     584,208        918,559  

Lenovo Group Ltd.

     1,334,000        681,592  

Shanghai Industrial Holdings Ltd.

     87,500        227,995  

Shenzhen Investment Ltd.

     694,000        294,461  

Sino-Ocean Group Holding Ltd.

     885,464        641,960  

Sun Art Retail Group Ltd.

     730,000        849,216  

Yangzijiang Shipbuilding Holdings Ltd.

     320,400        295,649  
     

 

 

 
Total China               7,708,667  
Denmark – 1.3%  

Chr Hansen Holding A/S

     4,865        418,199  

DSV A/S

     3,703        289,781  

H. Lundbeck A/S(a)

     4,058        226,170  

ISS A/S

     12,121        447,170  

Jyske Bank A/S Registered Shares

     4,561        269,255  

Novozymes A/S Class B

     7,662        394,926  

Pandora A/S

     4,257        456,401  

Tryg A/S

     48,886        1,133,245  
     

 

 

 
Total Denmark               3,635,147  
Finland – 3.4%  

Amer Sports Oyj*(a)

     12,466        384,356  

Cargotec Oyj Class B

     2,323        123,591  

Elisa Oyj

     17,790        804,492  

Fortum Oyj(a)

     156,091        3,349,852  

Huhtamaki Oyj

     4,611        202,109  

Kesko Oyj Class B

     6,973        399,287  

Konecranes Oyj

     4,783        207,295  

Metso Oyj(a)

     13,012        409,832  

Neste Oyj(a)

     22,203        1,545,541  

Nokian Renkaat Oyj

     11,676        529,874  

Orion Oyj Class B

     6,955        212,728  

Stora Enso Oyj Class R(a)

     46,927        861,369  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      77  


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Valmet Oyj

     8,616      $ 172,509  

Wartsila Oyj Abp

     20,689        456,727  
     

 

 

 
Total Finland               9,659,562  
France – 6.6%  

Accor S.A.

     15,820        853,156  

Amundi S.A.(b)

     15,385        1,234,801  

Arkema S.A.

     3,871        504,640  

Bollore S.A.

     104,118        554,455  

Bollore S.A.*(a)

     450        2,385  

Bureau Veritas S.A.

     26,027        675,717  

Casino Guichard Perrachon S.A.

     13,692        670,365  

Cie Plastic Omnium S.A.

     4,951        236,862  

Edenred

     14,654        508,948  

Eiffage S.A.

     4,941        561,972  

Elior Group S.A.(b)

     6,747        146,539  

Eurazeo S.A.

     4,550        418,287  

Eutelsat Communications S.A.

     24,185        478,877  

Faurecia S.A.

     6,415        518,497  

Fonciere Des Regions

     7,053        777,636  

Getlink SE

     30,752        438,716  

ICADE

     7,975        773,856  

Imerys S.A.

     4,679        454,028  

Ingenico Group S.A.

     2,733        221,435  

Ipsen S.A.

     2,361        366,299  

JCDecaux S.A.

     9,983        346,965  

Klepierre S.A.

     29,348        1,182,067  

Lagardere SCA

     14,748        420,798  

Metropole Television S.A.

     13,343        343,295  

Nexity S.A.*

     5,614        359,373  

Orpea

     2,004        254,472  

Remy Cointreau S.A.

     2,813        400,618  

Rexel S.A.

     17,207        290,978  

Rubis SCA

     6,353        458,246  

SCOR SE

     19,562        800,180  

SEB S.A.

     1,613        307,878  

Societe BIC S.A.

     3,153        313,513  

SPIE S.A.

     9,272        204,915  

Suez

     48,971        708,872  

Teleperformance

     2,121        328,673  

Veolia Environnement S.A.

     52,511        1,242,855  

Vicat S.A.

     2,550        192,401  

Wendel S.A.

     2,326        362,442  
     

 

 

 
Total France               18,916,012  
Germany – 6.0%  

1&1 Drillisch AG

     4,495        302,668  

Aurubis AG

     1,558        130,832  

Axel Springer SE

     9,537        797,578  

Brenntag AG

     6,536        388,250  

CECONOMY AG

     25,002        287,501  

CTS Eventim AG & Co. KGaA

     6,113        286,138  

Deutsche Lufthansa AG Registered Shares

     30,334        967,725  

Deutsche Wohnen SE Bearer Shares

     15,595        726,904  

DMG MORI AG

     5,022        287,816  

Duerr AG

     2,287      250,721  

Fielmann AG

     4,979        402,309  

Fraport AG Frankfurt Airport Services Worldwide

     4,920        484,674  

Freenet AG

     16,974        515,833  

Fuchs Petrolub SE

     3,669        186,584  

GEA Group AG

     9,432        400,778  

Hannover Rueck SE

     10,759        1,467,424  

Hella GmbH & Co. KGaA

     6,438        422,809  

Hochtief AG

     2,835        528,921  

Hugo Boss AG

     6,386        555,737  

K+S AG Registered Shares

     6,821        196,634  

KION Group AG

     3,673        342,136  

LANXESS AG

     2,436        186,346  

LEG Immobilien AG

     4,127        463,605  

MTU Aero Engines AG

     2,329        391,839  

OSRAM Licht AG

     4,373        321,397  

ProSiebenSat.1 Media SE

     26,509        918,727  

Rheinmetall AG

     2,107        298,906  

Stroeer SE & Co. KGaA

     3,111        217,129  

Suedzucker AG

     9,076        153,926  

Symrise AG

     3,923        315,343  

Talanx AG

     20,669        898,335  

TUI AG

     63,382        1,358,579  

Uniper SE

     28,045        853,656  

United Internet AG Registered Shares

     9,049        568,688  

Wacker Chemie AG

     2,701        442,965  
     

 

 

 
Total Germany               17,319,413  
Hong Kong – 2.3%  

Bank of East Asia Ltd. (The)

     100,722        401,692  

Dah Sing Banking Group Ltd.

     70,800        154,441  

Hang Lung Group Ltd.

     69,000        225,507  

Hang Lung Properties Ltd.

     347,000        808,221  

Hopewell Holdings Ltd.

     113,662        433,747  

Hysan Development Co., Ltd.

     83,000        438,885  

New World Development Co., Ltd.

     869,044        1,226,891  

PCCW Ltd.

     1,085,543        627,953  

Sino Land Co., Ltd.

     483,046        781,658  

SJM Holdings Ltd.

     363,000        315,439  

Swire Pacific Ltd. Class A

     51,500        519,377  

Swire Pacific Ltd. Class B

     152,500        261,152  

Techtronic Industries Co., Ltd.

     68,500        399,306  
     

 

 

 
Total Hong Kong               6,594,269  
Ireland – 0.6%  

DCC PLC

     3,454        317,850  

Kingspan Group PLC

     5,269        222,915  

Paddy Power Betfair PLC

     3,741        383,942  

Smurfit Kappa Group PLC

     16,388        663,496  
     

 

 

 
Total Ireland               1,588,203  
Israel – 0.8%  

Azrieli Group Ltd.

     5,583        267,315  

Bank Hapoalim BM

     72,419        495,878  

Bezeq Israeli Telecommunication Corp., Ltd.

     449,080        573,046  

 

See Notes to Financial Statements.

 

78   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Elbit Systems Ltd.

     1,928      $ 231,194  

Israel Chemicals Ltd.

     96,622        407,310  

Mizrahi Tefahot Bank Ltd.

     11,347        216,640  
     

 

 

 
Total Israel               2,191,383  
Italy – 4.0%  

A2A SpA

     259,184        495,509  

ACEA SpA

     21,526        364,808  

Azimut Holding SpA

     17,326        371,725  

Banca Generali SpA

     11,342        365,463  

Banca Mediolanum SpA

     81,103        706,192  

Brembo SpA

     13,579        209,420  

De’ Longhi SpA

     9,876        292,962  

FinecoBank Banca Fineco SpA

     61,943        744,132  

Hera SpA

     137,478        502,836  

Industria Macchine Automatiche SpA

     2,254        219,133  

Infrastrutture Wireless Italiane SpA(b)

     46,655        368,945  

Iren SpA

     115,843        363,012  

Italgas SpA

     81,604        487,352  

Leonardo SpA

     12,801        147,641  

Mediobanca Banca di Credito Finanziario SpA

     58,412        685,909  

Poste Italiane SpA(b)

     166,072        1,515,488  

Prysmian SpA

     10,966        343,907  

Recordati SpA

     11,461        422,578  

Salvatore Ferragamo SpA(a)

     7,983        220,117  

Terna Rete Elettrica Nazionale SpA

     181,667        1,061,037  

Unione di Banche Italiane SpA

     67,694        308,954  

Unipol Gruppo SpA

     84,005        410,981  

UnipolSai Assicurazioni SpA

     341,482        811,805  
     

 

 

 
Total Italy               11,419,906  
Japan – 24.7%  

ABC-Mart, Inc.

     5,278        347,896  

Aeon Co., Ltd.

     43,200        771,588  

Air Water, Inc.

     8,700        169,828  

Aisin Seiki Co., Ltd.

     15,500        842,407  

Ajinomoto Co., Inc.

     18,900        342,102  

Alfresa Holdings Corp.

     15,700        349,578  

Amada Holdings Co., Ltd.

     33,000        400,903  

ANA Holdings, Inc.(a)

     14,600        565,330  

Aozora Bank Ltd.

     13,500        537,588  

Asahi Glass Co., Ltd.

     11,728        485,772  

Asahi Kasei Corp.

     75,700        995,809  

Bandai Namco Holdings, Inc.

     10,900        358,209  

Benesse Holdings, Inc.

     6,700        242,863  

Brother Industries Ltd.

     14,700        341,825  

Canon Marketing Japan, Inc.

     8,200        221,597  

Casio Computer Co., Ltd.(a)

     15,100        225,187  

Chiba Bank Ltd. (The)

     52,000        418,054  

Chubu Electric Power Co., Inc.

     39,500        558,237  

Chugoku Electric Power Co., Inc. (The)(a)

     30,600        368,869  

Concordia Financial Group Ltd.

     78,100        431,074  

Dai Nippon Printing Co., Ltd.

     26,379        545,191  

Daicel Corp.

     19,300        210,875  

Daito Trust Construction Co., Ltd.

     5,920        1,023,684  

Daiwa Securities Group, Inc.(a)

     153,000      976,409  

DIC Corp.

     6,300        211,185  

Disco Corp.

     2,000        431,594  

Electric Power Development Co., Ltd.

     10,800        272,361  

FamilyMart UNY Holdings Co., Ltd.

     6,200        522,351  

Fuji Electric Co., Ltd.

     30,876        210,195  

Fukuoka Financial Group, Inc.

     59,000        317,884  

Hachijuni Bank Ltd. (The)

     32,100        172,045  

Hakuhodo DY Holdings, Inc.

     18,200        250,368  

Hankyu Hanshin Holdings, Inc.

     7,200        267,080  

Haseko Corp.(a)

     16,400        249,662  

Hikari Tsushin, Inc.

     2,300        367,870  

Hino Motors Ltd.

     27,000        347,560  

Hirose Electric Co., Ltd.

     1,575        216,516  

Hisamitsu Pharmaceutical Co., Inc.

     4,100        317,668  

Hitachi Chemical Co., Ltd.

     10,600        241,702  

Hitachi High-Technologies Corp.

     7,000        333,051  

Hitachi Metals Ltd.

     17,400        205,822  

Hulic Co., Ltd.

     26,800        292,570  

Idemitsu Kosan Co., Ltd.

     7,600        289,064  

Iida Group Holdings Co., Ltd.

     19,900        371,991  

Isuzu Motors Ltd.

     47,600        730,449  

Itochu Techno-Solutions Corp.

     17,200        360,173  

J. Front Retailing Co., Ltd.

     15,000        255,148  

Japan Airlines Co., Ltd.

     22,800        918,003  

Japan Exchange Group, Inc.

     33,400        618,693  

Japan Post Insurance Co., Ltd.(a)

     31,900        748,383  

JFE Holdings, Inc.

     24,500        493,801  

JGC Corp.(a)

     13,600        295,914  

JSR Corp.

     17,500        393,771  

JTEKT Corp.

     19,200        284,525  

Kajima Corp.

     64,953        602,808  

Kaken Pharmaceutical Co., Ltd.

     4,800        283,441  

Kansai Electric Power Co., Inc. (The)

     35,100        451,168  

Kawasaki Heavy Industries Ltd.

     7,656        247,641  

Kikkoman Corp.

     8,100        325,980  

Kintetsu Group Holdings Co., Ltd.

     7,100        276,723  

Koito Manufacturing Co., Ltd.

     5,400        374,725  

Konami Holdings Corp.

     3,600        189,224  

Konica Minolta, Inc.(a)

     42,600        365,315  

Kose Corp.

     1,900        397,866  

Kuraray Co., Ltd.

     23,700        402,911  

Kyowa Hakko Kirin Co., Ltd.

     18,400        404,333  

Kyushu Electric Power Co., Inc.

     15,000        178,843  

Lawson, Inc.

     8,300        565,820  

LIXIL Group Corp.

     18,900        422,251  

Mabuchi Motor Co., Ltd.

     5,900        290,701  

Makita Corp.

     9,658        472,229  

Marubeni Corp.

     120,300        870,888  

Marui Group Co., Ltd.(a)

     14,900        303,744  

Maruichi Steel Tube Ltd.(a)

     6,600        202,003  

Mazda Motor Corp.

     32,800        433,787  

Mebuki Financial Group, Inc.

     53,100        204,212  

Medipal Holdings Corp.

     11,000        225,482  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      79  


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

MEIJI Holdings Co., Ltd.

     5,800      $ 441,749  

Mitsubishi Chemical Holdings Corp.

     86,300        836,221  

Mitsubishi Gas Chemical Co., Inc.

     14,400        345,140  

Mitsubishi Heavy Industries Ltd.(a)

     22,300        854,257  

Mitsubishi Materials Corp.

     5,700        171,509  

Mitsubishi Motors Corp.(a)

     35,500        254,024  

Mitsubishi Tanabe Pharma Corp.

     27,800        543,714  

Mitsui Chemicals, Inc.

     11,700        369,097  

Mixi, Inc.

     6,100        225,416  

NEC Corp.(a)

     16,160        454,486  

NGK Insulators Ltd.

     15,600        269,021  

NGK Spark Plug Co., Ltd.

     9,000        216,897  

NH Foods Ltd.(a)

     3,500        143,488  

Nifco, Inc.(a)

     5,400        184,316  

Nippon Electric Glass Co., Ltd.

     6,700        199,079  

Nippon Express Co., Ltd.

     6,200        415,082  

Nippon Paint Holdings Co., Ltd.

     7,800        286,403  

Nissan Chemical Industries Ltd.

     6,800        282,614  

Nisshin Seifun Group, Inc.

     16,500        327,207  

Nissin Foods Holdings Co., Ltd.

     5,700        395,543  

Nitto Denko Corp.

     7,400        555,122  

NOK Corp.(a)

     7,900        153,469  

Nomura Real Estate Holdings, Inc.

     10,968        259,066  

Nomura Research Institute Ltd.

     14,510        687,639  

NSK Ltd.

     38,400        514,889  

Obayashi Corp.

     40,100        438,894  

Obic Co., Ltd.

     6,100        507,616  

Odakyu Electric Railway Co., Ltd.

     9,400        190,298  

Oji Holdings Corp.

     67,862        436,461  

Olympus Corp.

     9,200        349,488  

Omron Corp.

     9,400        553,305  

Ono Pharmaceutical Co., Ltd.

     25,300        783,622  

Oracle Corp.

     6,768        550,477  

Osaka Gas Co., Ltd.(a)

     24,300        479,717  

Otsuka Corp.

     12,800        645,115  

Park24 Co., Ltd.(a)

     9,600        257,444  

Pola Orbis Holdings, Inc.

     10,900        446,864  

Resona Holdings, Inc.

     152,100        803,763  

Ricoh Co., Ltd.

     66,260        654,812  

Rohm Co., Ltd.

     5,700        542,934  

Ryohin Keikaku Co., Ltd.

     800        268,547  

Sankyo Co., Ltd.(a)

     8,800        310,296  

Santen Pharmaceutical Co., Ltd.

     18,300        295,106  

SBI Holdings, Inc.(a)

     21,900        501,013  

SCSK Corp.

     6,600        285,162  

Sega Sammy Holdings, Inc.

     18,673        295,853  

Seibu Holdings, Inc.

     10,500        182,849  

Seiko Epson Corp.

     24,800        440,967  

Sekisui Chemical Co., Ltd.

     24,700        431,060  

Sekisui House Ltd.

     51,900        947,718  

Seven Bank Ltd.(a)

     52,500        167,348  

Shimamura Co., Ltd.

     1,300        162,699  

Shimano, Inc.

     2,800        403,874  

Shimizu Corp.

     49,400        441,743  

Shiseido Co., Ltd.

     2,300      147,343  

Shizuoka Bank Ltd. (The)

     25,000        236,483  

Showa Shell Sekiyu K.K.

     32,409        439,129  

Skylark Co., Ltd.(a)

     13,700        197,352  

Sojitz Corp.(a)

     98,600        316,150  

Sony Financial Holdings, Inc.(a)

     27,809        506,236  

Start Today Co., Ltd.

     7,500        200,423  

Sumitomo Chemical Co., Ltd.

     90,000        524,683  

Sumitomo Dainippon Pharma Co., Ltd.(a)

     10,290        172,806  

Sumitomo Electric Industries Ltd.

     42,412        647,446  

Sumitomo Heavy Industries Ltd.

     8,400        318,702  

Sumitomo Metal Mining Co., Ltd.

     6,300        265,388  

Sumitomo Mitsui Trust Holdings, Inc.

     26,600        1,077,256  

Sumitomo Realty & Development Co., Ltd.

     7,000        259,003  

Sumitomo Rubber Industries Ltd.

     17,200        315,697  

Sundrug Co., Ltd.

     6,300        291,157  

Sysmex Corp.

     5,600        507,607  

T&D Holdings, Inc.

     31,151        494,579  

Taiheiyo Cement Corp.

     6,400        232,591  

Taisei Corp.

     11,475        582,652  

Taiyo Nippon Sanso Corp.

     18,900        286,299  

TDK Corp.

     5,900        532,026  

Teijin Ltd.

     11,200        210,731  

Tobu Railway Co., Ltd.

     7,300        219,995  

Toho Co., Ltd.

     8,600        285,454  

Tohoku Electric Power Co., Inc.

     26,900        359,425  

Tokyo Gas Co., Ltd.

     23,900        634,075  

Tokyu Corp.

     17,100        266,590  

Tokyu Fudosan Holdings Corp.

     34,500        251,410  

Toppan Printing Co., Ltd.

     29,000        238,054  

Toray Industries, Inc.

     56,600        535,664  

Tosoh Corp.

     18,600        365,179  

TOTO Ltd.

     7,600        400,903  

Toyo Suisan Kaisha Ltd.

     7,300        283,145  

Toyoda Gosei Co., Ltd.

     7,300        169,819  

Toyota Boshoku Corp.

     10,600        217,681  

Toyota Tsusho Corp.

     18,900        640,663  

Trend Micro, Inc.

     9,330        557,080  

USS Co., Ltd.

     16,800        339,633  

West Japan Railway Co.

     8,276        578,269  

Yamada Denki Co., Ltd.(a)

     58,000        347,945  

Yamaha Corp.

     7,800        342,877  

Yamaha Motor Co., Ltd.

     18,260        545,997  

Yamato Holdings Co., Ltd.

     13,800        346,265  

Yokogawa Electric Corp.

     15,300        316,214  

Yokohama Rubber Co., Ltd. (The)

     10,100        233,910  
     

 

 

 
Total Japan               70,608,848  
Netherlands – 3.5%  

Aalberts Industries N.V.

     5,862        298,180  

Aegon N.V.

     257,131        1,731,690  

ASR Nederland N.V.

     13,667        583,586  

Boskalis Westminster

     9,070        265,483  

Euronext N.V.(b)

     5,255        383,894  

 

See Notes to Financial Statements.

 

80   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

EXOR N.V.

     3,800      $ 269,750  

GrandVision N.V.(b)

     7,946        180,985  

Koninklijke DSM N.V.

     11,486        1,139,126  

Koninklijke KPN N.V.

     329,016        986,109  

Koninklijke Vopak N.V.

     7,893        386,832  

NN Group N.V.

     34,986        1,550,713  

Philips Lighting N.V.(b)

     11,182        419,442  

Randstad Holding N.V.(a)

     15,272        1,003,349  

Wolters Kluwer N.V.

     15,601        828,682  
     

 

 

 
Total Netherlands               10,027,821  
New Zealand – 0.9%  

Auckland International Airport Ltd.

     82,302        363,360  

Fisher & Paykel Healthcare Corp., Ltd.

     31,680        301,672  

Mercury NZ Ltd.

     148,229        344,322  

Meridian Energy Ltd.

     303,116        624,297  

Ryman Healthcare Ltd.

     32,530        248,517  

Spark New Zealand Ltd.

     293,576        707,364  
     

 

 

 
Total New Zealand               2,589,532  
Norway – 2.5%  

Aker ASA Class A

     9,205        516,473  

Aker BP ASA

     29,045        785,045  

Gjensidige Forsikring ASA

     48,171        881,085  

Leroy Seafood Group ASA

     42,909        265,074  

Marine Harvest ASA

     79,599        1,593,815  

Norsk Hydro ASA

     119,133        697,261  

Orkla ASA

     75,082        804,667  

Salmar ASA

     15,325        626,980  

Storebrand ASA

     28,267        229,637  

Yara International ASA

     20,098        847,598  
     

 

 

 
Total Norway               7,247,635  
Portugal – 1.6%  

EDP – Energias de Portugal S.A.

     416,220        1,580,711  

Galp Energia, SGPS, S.A.

     65,298        1,229,095  

Jeronimo Martins, SGPS, S.A.

     50,508        919,646  

Navigator Co. S.A. (The)

     98,068        577,476  

NOS, SGPS, S.A.

     53,131        312,994  
     

 

 

 
Total Portugal               4,619,922  
Singapore – 2.7%  

CapitaLand Ltd.

     241,900        658,570  

City Developments Ltd.

     40,700        403,493  

ComfortDelGro Corp., Ltd.

     216,000        337,680  

Frasers Property Ltd.

     265,800        405,399  

Hutchison Port Holdings Trust

     1,911,385        563,859  

Jardine Cycle & Carriage Ltd.

     19,811        521,223  

Keppel Corp., Ltd.

     121,900        722,308  

Olam International Ltd.(a)

     207,400        370,103  

SATS Ltd.

     91,000        356,006  

Sembcorp Industries Ltd.

     82,100        194,716  

SIA Engineering Co., Ltd.

     75,236        182,453  

Singapore Airlines Ltd.

     111,261        919,751  

Singapore Exchange Ltd.

     91,300        513,140  

Singapore Technologies Engineering Ltd.

     285,100        780,530  

StarHub Ltd.(a)

     281,794      494,262  

UOL Group Ltd.

     43,300        282,327  
     

 

 

 
Total Singapore               7,705,820  
Spain – 3.2%  

Acciona S.A.

     4,660        353,724  

Acerinox S.A.

     21,886        305,368  

ACS Actividades de Construccion y Servicios S.A.

     24,935        970,589  

Atresmedia Corp. de Medios de Comunicacion S.A.

     23,660        225,366  

Banco de Sabadell S.A.

     350,208        715,398  

Bankia S.A.

     163,443        731,477  

Bankinter S.A.(a)

     58,351        599,652  

Bolsas y Mercados Espanoles SHMSF S.A.(a)

     8,186        276,858  

Cia de Distribucion Integral Logista Holdings S.A.

     11,388        240,895  

Distribuidora Internacional de Alimentacion S.A.

     53,734        227,794  

Ebro Foods S.A.

     12,471        316,872  

Enagas S.A.

     26,597        727,151  

Grupo Catalana Occidente S.A.

     6,717        292,436  

Mapfre S.A.

     302,732        1,005,623  

Mediaset Espana Comunicacion S.A.

     35,044        356,255  

Prosegur Cia de Seguridad S.A.

     26,284        201,710  

Red Electrica Corp. S.A.

     49,277        1,013,894  

Viscofan S.A.(a)

     3,550        244,931  

Zardoya Otis S.A.

     38,164        383,937  
     

 

 

 
Total Spain               9,189,930  
Sweden – 3.0%  

Alfa Laval AB

     24,619        579,552  

Axfood AB

     22,800        388,630  

BillerudKorsnas AB

     15,392        237,272  

Boliden AB

     14,950        522,147  

Castellum AB

     14,930        243,343  

Electrolux AB Series B

     12,326        386,347  

Fabege AB

     12,884        278,147  

Hexpol AB

     15,650        144,544  

Holmen AB Class B

     4,728        255,742  

Husqvarna AB Class B

     26,325        252,977  

ICA Gruppen AB(a)

     15,600        550,251  

Investment AB Latour Class B

     29,683        336,356  

JM AB

     6,122        138,525  

Kinnevik AB Class B

     14,557        522,152  

Peab AB

     22,011        197,381  

Saab AB Class B

     5,104        230,310  

Securitas AB Class B

     23,418        396,368  

Skanska AB Class B

     34,406        701,077  

SKF AB Class B(a)

     26,314        535,719  

Swedish Match AB

     14,261        642,825  

Tele2 AB Class B

     62,353        745,648  

Trelleborg AB Class B

     13,221        331,204  
     

 

 

 
Total Sweden               8,616,517  
Switzerland – 3.1%  

Adecco Group AG Registered Shares

     8,400        596,491  

Baloise Holding AG Registered Shares

     3,944        601,732  

BKW AG

     3,387        224,951  

Cembra Money Bank AG*

     2,754        243,880  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      81  


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Clariant AG Registered Shares*

     15,926      $ 379,357  

Coca-Cola HBC AG*

     16,774        619,795  

DKSH Holding AG(a)

     2,997        242,865  

Flughafen Zurich AG Registered Shares

     2,376        523,038  

Helvetia Holding AG Registered Shares

     640        380,618  

Julius Baer Group Ltd.*

     10,174        624,082  

Logitech International S.A. Registered Shares

     8,756        319,663  

OC Oerlikon Corp. AG Registered Shares*

     21,576        379,653  

Panalpina Welttransport Holding AG Registered Shares(a)

     1,410        177,575  

SFS Group AG*

     1,904        223,485  

Sonova Holding AG Registered Shares

     2,742        434,665  

Straumann Holding AG Registered Shares(a)

     515        323,757  

Sulzer AG Registered Shares

     2,608        341,796  

Sunrise Communications Group AG*(b)

     4,686        391,723  

Swiss Life Holding AG Registered Shares*

     2,156        766,173  

VAT Group AG*(b)

     2,513        420,933  

Vifor Pharma AG

     2,968        456,389  

Vontobel Holding AG Registered Shares

     4,626        285,985  
     

 

 

 
Total Switzerland               8,958,606  
United Kingdom – 15.3%  

Admiral Group PLC

     32,288        835,214  

Aggreko PLC

     16,957        174,646  

Antofagasta PLC

     38,981        503,626  

Ashmore Group PLC

     68,057        363,360  

Ashtead Group PLC

     17,484        475,815  

Babcock International Group PLC(a)

     38,212        358,502  

Barratt Developments PLC

     128,365        955,094  

BBA Aviation PLC

     76,734        344,886  

Beazley PLC

     64,451        518,060  

Bellway PLC

     11,183        478,312  

Berkeley Group Holdings PLC

     19,075        1,013,876  

British Land Co. PLC (The)

     99,019        891,763  

Bunzl PLC

     14,730        432,895  

Burberry Group PLC

     23,851        567,451  

Carnival PLC

     12,254        787,298  

Centrica PLC

     752,145        1,500,365  

Close Brothers Group PLC

     9,648        194,216  

Croda International PLC

     5,818        372,817  

Daily Mail & General Trust PLC Class A Non-Voting Shares

     30,400        275,487  

Derwent London PLC

     5,643        245,554  

Direct Line Insurance Group PLC

     116,116        621,090  

Dixons Carphone PLC

     91,066        238,313  

DS Smith PLC

     61,463        405,753  

easyJet PLC

     37,952        854,221  

Electrocomponents PLC

     25,414        213,976  

G4S PLC

     112,594        391,866  

GKN PLC

     89,439        580,903  

Greene King PLC

     33,884        224,068  

Halma PLC

     13,548        224,071  

Hammerson PLC

     67,206        505,888  

Hargreaves Lansdown PLC

     27,508        630,146  

Hikma Pharmaceuticals PLC

     9,637      163,375  

Howden Joinery Group PLC

     39,906        257,956  

IMI PLC

     19,971        302,565  

Inchcape PLC

     28,567        276,910  

Informa PLC

     51,313        517,262  

Inmarsat PLC

     53,322        270,851  

InterContinental Hotels Group PLC

     9,051        541,897  

Intertek Group PLC

     6,256        408,958  

Intu Properties PLC(a)

     149,208        434,735  

Investec PLC

     51,743        398,928  

ITV PLC

     609,233        1,231,952  

J Sainsbury PLC

     175,283        587,178  

Jardine Lloyd Thompson Group PLC

     15,074        271,089  

John Wood Group PLC

     39,157        296,619  

Johnson Matthey PLC

     9,958        424,939  

Jupiter Fund Management PLC

     51,068        337,846  

Kingfisher PLC

     180,625        741,139  

Land Securities Group PLC

     56,941        748,526  

Man Group PLC

     174,864        420,933  

Marks & Spencer Group PLC

     191,041        724,115  

Mediclinic International PLC(a)

     19,960        168,279  

Meggitt PLC

     46,341        280,701  

Merlin Entertainments PLC(b)

     30,371        147,667  

Micro Focus International PLC

     13,346        184,746  

Mondi PLC

     22,485        604,029  

NEX Group PLC

     50,388        693,413  

Next PLC

     12,480        833,155  

Old Mutual PLC

     316,551        1,062,630  

Pearson PLC

     134,795        1,416,287  

Pennon Group PLC

     37,071        334,589  

Persimmon PLC

     39,978        1,418,853  

Rentokil Initial PLC

     87,960        335,251  

Rightmove PLC

     4,368        266,359  

Royal Mail PLC

     122,307        927,863  

RPC Group PLC

     20,602        223,459  

RSA Insurance Group PLC

     56,709        501,174  

Saga PLC

     102,693        162,497  

Sage Group PLC (The)

     61,168        548,475  

Schroders PLC

     12,303        550,896  

Segro PLC

     64,352        542,721  

Severn Trent PLC

     17,831        461,246  

Smiths Group PLC

     22,029        467,706  

Spectris PLC

     5,851        221,118  

Spirax-Sarco Engineering PLC

     3,334        269,158  

St. James’s Place PLC

     34,047        518,925  

Standard Life Aberdeen PLC

     348,971        1,760,863  

Tate & Lyle PLC

     41,869        319,864  

Taylor Wimpey PLC

     119,278        308,879  

Travis Perkins PLC

     17,503        302,987  

United Utilities Group PLC

     62,036        622,570  

Weir Group PLC (The)

     11,986        335,354  

Whitbread PLC

     10,889        565,178  

William Hill PLC

     96,448        446,887  

 

See Notes to Financial Statements.

 

82   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

WM Morrison Supermarkets PLC

     118,755      $ 355,669  
     

 

 

 
Total United Kingdom               43,696,753  

TOTAL COMMON STOCKS

(Cost: $242,228,902)

              284,459,763  
EXCHANGE-TRADED FUNDS – 0.0%  
United States – 0.0%  

WisdomTree Australia Dividend Fund(a)(c)

     763        42,653  

WisdomTree Japan Hedged Equity Fund(a)(c)

     784        43,912  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $89,292)

              86,565  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.4%  
United States – 5.4%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d)

     
(Cost: $15,346,429)(e)      15,346,429        15,346,429  

TOTAL INVESTMENTS IN SECURITIES – 104.8%

(Cost: $257,664,623)

 

 

     299,892,757  

Other Assets less Liabilities – (4.8)%

        (13,803,974
     

 

 

 
NET ASSETS – 100.0%             $ 286,088,783  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $20,511,870 and the total market value of the collateral held by the Fund was $21,659,074. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $6,312,645. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
State Street Bank and Trust     4/3/2018       19,112       USD       150,000       HKD     $     $ (1

 

CURRENCY LEGEND

HKD – Hong Kong dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      83  


Table of Contents

Schedule of Investments

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 4.7%      

Aristocrat Leisure Ltd.

     2,443      $ 45,086  

BT Investment Management Ltd.

     5,634        43,432  

carsales.com Ltd.

     3,428        35,524  

Cochlear Ltd.

     465        64,780  

Crown Resorts Ltd.

     11,901        115,843  

CSL Ltd.

     2,801        334,007  

Domino’s Pizza Enterprises Ltd.(a)

     120        3,841  

JB Hi-Fi Ltd.(a)

     1,616        31,993  

Magellan Financial Group Ltd.

     2,336        42,717  

Medibank Pvt Ltd.

     56,493        125,665  

NIB Holdings Ltd.

     7,317        35,808  

Northern Star Resources Ltd.

     4,279        20,612  

Pact Group Holdings Ltd.

     7,419        31,185  

Ramsay Health Care Ltd.

     1,682        80,404  

REA Group Ltd.

     544        33,052  

Seek Ltd.

     4,295        61,277  

TPG Telecom Ltd.(a)

     11,026        46,432  
     

 

 

 
Total Australia               1,151,658  
Austria – 0.1%  

ams AG*

     239        24,923  
Belgium – 0.2%  

Melexis N.V.

     563        56,085  
China – 2.9%  

China Everbright International Ltd.

     47,000        65,874  

China Overseas Land & Investment Ltd.

     150,000        520,813  

CSPC Pharmaceutical Group Ltd.

     44,000        116,892  
     

 

 

 
Total China               703,579  
Denmark – 6.9%  

Chr Hansen Holding A/S

     908        78,052  

Coloplast A/S Class B

     2,210        186,181  

Dfds A/S

     479        26,728  

DSV A/S

     468        36,624  

Novo Nordisk A/S Class B

     25,182        1,236,062  

Pandora A/S

     494        52,963  

Royal Unibrew A/S

     611        40,344  

SimCorp A/S

     317        21,957  
     

 

 

 
Total Denmark               1,678,911  
Finland – 0.9%  

Konecranes Oyj

     1,040        45,073  

Nokian Renkaat Oyj(a)

     1,728        78,419  

Uponor Oyj

     837        13,969  

Wartsila Oyj Abp

     3,558        78,546  
     

 

 

 
Total Finland               216,007  
France – 8.3%  

Airbus SE

     6,523        752,493  

Altran Technologies S.A.(a)

     2,285        33,779  

Cie Plastic Omnium S.A.

     925        44,253  

Hermes International

     257        152,189  

Iliad S.A.

     48        9,918  

Ipsen S.A.

     339        52,594  

LVMH Moet Hennessy Louis Vuitton SE

     2,669      821,274  

Sartorius Stedim Biotech

     237        21,409  

SEB S.A.

     193        36,838  

Valeo S.A.

     1,524        100,537  
     

 

 

 
Total France               2,025,284  
Germany – 5.7%  

adidas AG

     774        187,192  

Continental AG

     1,221        336,820  

Covestro AG(b)

     2,097        205,959  

CTS Eventim AG & Co. KGaA

     931        43,578  

Fuchs Petrolub SE

     656        33,360  

Hella GmbH & Co. KGaA

     797        52,342  

Henkel AG & Co. KGaA

     1,596        200,799  

Infineon Technologies AG

     5,522        147,641  

Nemetschek SE

     321        35,925  

Pfeiffer Vacuum Technology AG

     47        7,301  

United Internet AG Registered Shares

     1,583        99,484  

Wirecard AG

     333        39,283  
     

 

 

 
Total Germany               1,389,684  
Hong Kong – 0.7%  

Galaxy Entertainment Group Ltd.

     14,000        127,098  

Techtronic Industries Co., Ltd.

     6,500        37,890  

Vitasoy International Holdings Ltd.

     6,000        15,443  
     

 

 

 
Total Hong Kong               180,431  
Ireland – 0.4%  

Irish Continental Group PLC

     3,031        21,322  

Kerry Group PLC Class A

     640        64,858  
     

 

 

 
Total Ireland               86,180  
Israel – 0.6%  

Bezeq Israeli Telecommunication Corp., Ltd.

     94,531        120,626  

Shapir Engineering and Industry Ltd.

     6,039        19,299  
     

 

 

 
Total Israel               139,925  
Italy – 1.5%  

Anima Holding SpA(b)

     6,040        40,930  

Banca IFIS SpA

     564        21,697  

De’ Longhi SpA

     1,284        38,088  

DiaSorin SpA

     290        26,072  

Ferrari N.V.

     448        53,742  

Industria Macchine Automatiche SpA

     416        40,443  

Interpump Group SpA

     1,013        34,211  

Moncler SpA

     756        28,730  

Recordati SpA

     1,059        39,046  

Salvatore Ferragamo SpA(a)

     1,547        42,656  
     

 

 

 
Total Italy               365,615  
Japan – 15.5%  

Asahi Intecc Co., Ltd.

     1,100        43,597  

Brother Industries Ltd.

     1,900        44,181  

Daikin Industries Ltd.

     1,600        176,549  

DeNA Co., Ltd.(a)

     1,200        21,664  

Fast Retailing Co., Ltd.

     300        121,975  

Harmonic Drive Systems, Inc.

     200        11,490  

 

See Notes to Financial Statements.

 

84   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Haseko Corp.

     2,000      $ 30,447  

Hikari Tsushin, Inc.

     300        47,983  

Hino Motors Ltd.

     5,200        66,937  

Hoya Corp.

     2,500        124,706  

Kakaku.com, Inc.

     1,700        29,764  

Kaken Pharmaceutical Co., Ltd.

     1,000        59,050  

Keyence Corp.

     100        62,097  

Kose Corp.

     100        20,940  

Kubota Corp.

     9,600        168,079  

M3, Inc.

     400        17,978  

Makita Corp.

     1,700        83,122  

Meitec Corp.

     400        22,153  

Mixi, Inc.

     900        33,258  

MonotaRO Co., Ltd.(a)

     300        10,776  

Murata Manufacturing Co., Ltd.

     1,500        205,501  

Nabtesco Corp.

     1,200        46,319  

NGK Insulators Ltd.

     3,100        53,459  

Nidec Corp.

     1,300        200,348  

Nihon M&A Center, Inc.

     600        20,649  

Nippon Paint Holdings Co., Ltd.

     1,500        55,078  

Nitori Holdings Co., Ltd.

     100        17,682  

Obic Co., Ltd.

     800        66,573  

Open House Co., Ltd.

     1,200        74,471  

Oracle Corp.

     1,300        105,736  

Park24 Co., Ltd.(a)

     1,700        45,589  

Persol Holdings Co., Ltd.

     1,400        40,743  

Pigeon Corp.

     600        27,109  

Relo Group, Inc.

     1,300        36,011  

Ryohin Keikaku Co., Ltd.

     100        33,568  

Seiko Epson Corp.

     2,900        51,565  

Shimano, Inc.

     300        43,272  

Shionogi & Co., Ltd.

     1,800        92,936  

Square Enix Holdings Co., Ltd.

     1,300        59,530  

Start Today Co., Ltd.

     1,200        32,068  

Subaru Corp.

     9,600        314,764  

Sundrug Co., Ltd.

     600        27,729  

Sysmex Corp.

     1,200        108,773  

T-Gaia Corp.

     1,300        36,195  

Tokyo Electron Ltd.

     1,500        282,299  

Trend Micro, Inc.

     1,600        95,534  

Tsuruha Holdings, Inc.

     200        28,528  

USS Co., Ltd.

     2,500        50,541  

Yahoo Japan Corp.(a)

     50,800        235,968  

Yamaha Motor Co., Ltd.

     2,400        71,763  

Zenkoku Hosho Co., Ltd.(a)

     400        17,565  
     

 

 

 
Total Japan               3,774,612  
Netherlands – 2.7%  

ASML Holding N.V.

     2,072        408,102  

BE Semiconductor Industries N.V.

     643        65,675  

Flow Traders(b)

     1,055        44,919  

GrandVision N.V.(b)

     498        11,343  

Koninklijke Vopak N.V.

     1,758        86,159  

TKH Group N.V. CVA

     738        47,197  
     

 

 

 
Total Netherlands               663,395  
New Zealand – 0.5%  

Fisher & Paykel Healthcare Corp., Ltd.

     5,798      55,211  

Mainfreight Ltd.

     1,268        22,503  

Ryman Healthcare Ltd.

     4,396        33,584  
     

 

 

 
Total New Zealand               111,298  
Norway – 1.5%  

Borregaard ASA

     2,034        19,172  

Entra ASA(b)

     2,837        38,593  

Orkla ASA

     12,744        136,580  

Salmar ASA

     2,543        104,040  

Tomra Systems ASA

     1,405        29,349  

Veidekke ASA

     2,247        25,100  

XXL ASA(b)

     961        9,841  
     

 

 

 
Total Norway               362,675  
Portugal – 0.7%  

Jeronimo Martins, SGPS, S.A.

     9,117        166,002  
Singapore – 0.1%  

First Resources Ltd.(a)

     28,600        36,641  
Spain – 3.8%  

Almirall S.A.(a)

     625        7,371  

Amadeus IT Group S.A.

     4,007        295,582  

Atresmedia Corp. de Medios de Comunicacion S.A.

     1,344        12,802  

Industria de Diseno Textil S.A.

     17,571        549,535  

Prosegur Cia de Seguridad S.A.

     7,255        55,677  

Tecnicas Reunidas S.A.(a)

     450        13,277  
     

 

 

 
Total Spain               934,244  
Sweden – 6.9%  

AAK AB

     333        29,305  

Assa Abloy AB Class B

     7,462        160,693  

Atlas Copco AB Class A

     7,543        325,325  

Atlas Copco AB Class B

     4,588        177,772  

Axfood AB

     3,630        61,874  

Boliden AB

     3,503        122,347  

Castellum AB

     1,587        25,866  

Clas Ohlson AB Class B

     1,856        20,012  

Fabege AB

     2,994        64,636  

Hemfosa Fastigheter AB

     3,166        38,295  

Hennes & Mauritz AB Class B(a)

     7,834        117,097  

Hexpol AB

     3,851        35,568  

Indutrade AB

     1,247        32,043  

Intrum Justitia AB(a)

     648        18,315  

Investment AB Latour Class B

     4,547        51,525  

JM AB

     681        15,409  

Lifco AB Class B

     605        23,189  

Loomis AB Class B

     958        34,363  

NetEnt AB*

     386        1,933  

Peab AB

     1,920        17,217  

Sandvik AB

     13,612        247,785  

Trelleborg AB Class B

     2,731        68,415  
     

 

 

 
Total Sweden               1,688,984  
Switzerland – 12.1%  

EMS-Chemie Holding AG Registered Shares

     251        158,054  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      85  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Geberit AG Registered Shares

     403      $ 177,764  

Givaudan S.A. Registered Shares

     123        279,499  

Logitech International S.A. Registered Shares

     1,263        46,110  

Oriflame Holding AG

     797        38,067  

Partners Group Holding AG

     322        238,743  

Roche Holding AG Bearer Shares

     1,949        451,429  

Roche Holding AG Genusschein

     5,224        1,195,257  

Schindler Holding AG Participation Certificate

     80        17,210  

Schindler Holding AG Registered Shares

     683        142,648  

Sonova Holding AG Registered Shares

     445        70,542  

Straumann Holding AG Registered Shares

     49        30,804  

Swatch Group AG (The) Bearer Shares

     177        77,890  

Temenos Group AG Registered Shares*

     242        28,911  
     

 

 

 
Total Switzerland               2,952,928  
United Kingdom – 22.7%  

Ashtead Group PLC

     2,764        75,220  

Berkeley Group Holdings PLC

     2,030        107,899  

Brewin Dolphin Holdings PLC

     5,134        24,832  

British American Tobacco PLC

     12,632        732,020  

Burberry Group PLC

     2,380        56,624  

Coca-Cola European Partners PLC

     3,547        147,532  

Compass Group PLC

     9,287        189,620  

Cranswick PLC

     560        22,342  

Crest Nicholson Holdings PLC

     3,104        19,786  

Croda International PLC

     973        62,350  

Diageo PLC

     20,645        698,535  

Domino’s Pizza Group PLC

     4,759        22,064  

Dunelm Group PLC

     2,052        15,170  

easyJet PLC

     5,774        129,961  

Electrocomponents PLC

     4,208        35,430  

FDM Group Holdings PLC

     1,537        21,992  

Halma PLC

     1,788        29,572  

Hargreaves Lansdown PLC

     4,263        97,656  

Hays PLC

     9,820        25,939  

Hikma Pharmaceuticals PLC

     794        13,461  

HomeServe PLC

     2,683        27,776  

Howden Joinery Group PLC

     6,503        42,036  

Jardine Lloyd Thompson Group PLC

     2,962        53,268  

Johnson Matthey PLC

     1,732        73,910  

Marshalls PLC

     4,169        24,457  

Mediclinic International PLC(a)

     655        5,522  

Merlin Entertainments PLC(b)

     1,733        8,426  

Moneysupermarket.com Group PLC

     5,758        23,166  

Pagegroup PLC

     5,734        43,154  

Persimmon PLC

     4,173        148,103  

Reckitt Benckiser Group PLC

     4,379        370,660  

RELX PLC

     8,281        170,183  

Renishaw PLC

     483        30,531  

Rightmove PLC

     433        26,404  

Sage Group PLC (The)

     8,164        73,204  

Savills PLC

     2,063        28,404  

Spirax-Sarco Engineering PLC

     542        43,756  

Superdry PLC

     1,156        25,314  

Taylor Wimpey PLC

     15,495      40,125  

Unilever N.V. CVA

     17,761        1,001,956  

Unilever PLC

     10,761        597,104  

Unite Group PLC (The)

     3,201        35,541  

Victrex PLC

     993        35,772  

WH Smith PLC

     1,076        29,403  

William Hill PLC

     11,249        52,122  
     

 

 

 
Total United Kingdom               5,538,302  

TOTAL COMMON STOCKS

(Cost: $22,234,782)

              24,247,363  
RIGHTS – 0.0%     
France – 0.0%     
Altran Technologies S.A., expiring 4/9/18*(a)      2,285        3,822  
Italy – 0.0%  
Anima Holding SpA, expiring 4/12/18*      6,040        2,303  

TOTAL RIGHTS

(Cost: $0)

              6,125  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%  
United States – 2.5%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $597,345)(d)      597,345        597,345  
TOTAL INVESTMENTS IN SECURITIES – 101.9% (Cost: $22,832,127)         24,850,833  

Other Assets less Liabilities – (1.9)%

        (454,780
     

 

 

 
NET ASSETS – 100.0%             $ 24,396,053  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $673,665 and the total market value of the collateral held by the Fund was $728,579. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $131,234. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

86   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2018

 

  

 

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Bank of America N.A.     4/4/2018       4,069       USD       2,900       GBP     $ 1     $  
Citibank N.A.     4/2/2018       8,058       USD       28,225       ILS       19        
Citibank N.A.     4/2/2018       3,053       USD       325,000       JPY             (3
Citibank N.A.     4/3/2018       68,003       CHF       71,314       USD             (300
Citibank N.A.     4/3/2018       131,860       EUR       162,855       USD             (687
Citibank N.A.     4/3/2018       50,606       GBP       71,362       USD             (372
Citibank N.A.     4/3/2018       687,623       SEK       82,818       USD             (712
Citibank N.A.     4/3/2018       69,279       USD       66,063       CHF       292        
Citibank N.A.     4/3/2018       151,605       USD       122,751       EUR       640        
Citibank N.A.     4/3/2018       70,157       USD       49,752       GBP       365        
Citibank N.A.     4/3/2018       87,425       USD       725,877       SEK       752        
Citibank N.A.     4/4/2018       1,595,638       JPY       14,995       USD       9        
Goldman Sachs     4/4/2018       3,251       USD       27,145       SEK       10        
Macquarie Bank Ltd.     4/3/2018       7,703,080       JPY       72,201       USD       231        
Macquarie Bank Ltd.     4/3/2018       77,299       USD       8,246,999       JPY             (247
Macquarie Bank Ltd.     4/4/2018       12,865       AUD       9,851       USD       17        
Macquarie Bank Ltd.     4/4/2018       254,802       HKD       32,468       USD             (2
Macquarie Bank Ltd.     4/4/2018       4,830       NZD       3,476       USD       9        
Macquarie Bank Ltd.     4/4/2018       28,922       SGD       22,044       USD       12        
Macquarie Bank Ltd.     4/4/2018       8,587       USD       11,214       AUD             (15
Macquarie Bank Ltd.     4/4/2018       37,823       USD       296,830       HKD       2        
Macquarie Bank Ltd.     4/4/2018       27,364       USD       35,902       SGD             (15
Morgan Stanley & Co. International     4/4/2018       4,236       USD       5,513       AUD       7        
Morgan Stanley & Co. International     4/4/2018       319       USD       2,500       HKD              
UBS AG     4/3/2018       3,937       USD       3,200       EUR       1        
UBS AG     4/4/2018       3,137       USD       3,000       CHF       4        
UBS AG     4/4/2018       11,884       USD       72,000       DKK       4        
                                            $ 2,375     $ (2,353

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

ILS – Israeli New shekel

JPY – Japanese yen

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      87  


Table of Contents

Schedule of Investments

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%      
Australia – 12.4%      

Accent Group Ltd.(a)

     2,986,551      $ 2,897,905  

Adelaide Brighton Ltd.(a)

     864,066        4,122,503  

Ainsworth Game Technology Ltd.(a)

     646,857        917,918  

ALS Ltd.

     563,824        3,209,010  

Altium Ltd.

     297,300        4,538,075  

Ansell Ltd.

     230,975        4,475,298  

AP Eagers Ltd.

     239,455        1,561,229  

APN Outdoor Group Ltd.(a)

     295,254        1,050,842  

ARB Corp., Ltd.

     76,429        1,161,945  

Asaleo Care Ltd.

     1,524,144        1,496,441  

AUB Group Ltd.

     85,664        929,119  

Austal Ltd.

     649,950        904,858  

Australian Pharmaceutical Industries Ltd.

     1,021,576        1,175,400  

Automotive Holdings Group Ltd.(a)

     884,861        2,382,351  

Baby Bunting Group Ltd.(a)

     811,342        818,377  

Bapcor Ltd.

     265,721        1,157,705  

Beach Energy Ltd.

     3,409,086        3,177,151  

Beacon Lighting Group Ltd.

     568,267        666,910  

Bega Cheese Ltd.(a)

     223,212        1,159,124  

Blackmores Ltd.(a)

     28,061        2,707,097  

Breville Group Ltd.

     211,770        1,889,156  

Brickworks Ltd.

     191,874        2,284,186  

BT Investment Management Ltd.

     589,175        4,541,863  

Cabcharge Australia Ltd.

     893,979        1,220,593  

carsales.com Ltd.

     355,975        3,688,914  

Cedar Woods Properties Ltd.

     253,610        1,243,057  

Cleanaway Waste Management Ltd.

     2,727,159        3,022,748  

Collins Foods Ltd.

     267,875        1,068,462  

Corporate Travel Management Ltd.

     124,511        2,242,485  

CSG Ltd.*(a)

     1,581,273        388,133  

CSR Ltd.

     1,604,172        6,373,887  

Dicker Data Ltd.

     374,133        840,848  

Dongfang Modern Agriculture Holding Group Ltd.

     851,542        698,898  

DuluxGroup Ltd.

     644,727        3,649,689  

Eclipx Group Ltd.

     519,768        1,427,303  

Elanor Investor Group

     488,414        764,261  

ERM Power Ltd.

     628,416        874,878  

Estia Health Ltd.

     269,811        701,589  

Event Hospitality and Entertainment Ltd.

     267,920        2,862,727  

Fairfax Media Ltd.

     4,727,326        2,447,614  

Flight Centre Travel Group Ltd.(a)

     222,290        9,717,225  

G8 Education Ltd.(a)

     994,066        2,012,996  

Genworth Mortgage Insurance Australia Ltd.(a)

     1,934,973        3,428,551  

GrainCorp Ltd. Class A

     142,226        924,030  

Greencross Ltd.

     223,473        906,785  

GUD Holdings Ltd.

     181,367        1,655,499  

GWA Group Ltd.

     614,015        1,582,493  

Healthscope Ltd.

     2,923,177        4,338,701  

HT&E Ltd.(a)

     470,845        688,013  

IDP Education Ltd.

     318,134        1,817,984  

IMF Bentham Ltd.(a)

     478,766        954,817  

Infomedia Ltd.

     909,658      586,113  

Invocare Ltd.

     167,534        1,669,305  

IOOF Holdings Ltd.

     909,180        7,099,395  

IPH Ltd.(a)

     364,208        947,050  

IRESS Ltd.

     337,286        2,455,207  

iSentia Group Ltd.(a)

     453,145        290,233  

IVE Group Ltd.

     530,005        878,127  

Japara Healthcare Ltd.(a)

     401,441        618,930  

JB Hi-Fi Ltd.(a)

     275,858        5,461,315  

Link Administration Holdings Ltd.

     219,701        1,405,471  

MACA Ltd.

     2,000,102        2,040,457  

Mantra Group Ltd.

     422,287        1,272,987  

McMillan Shakespeare Ltd.

     199,585        2,579,595  

Mineral Resources Ltd.

     343,253        4,473,335  

Monadelphous Group Ltd.

     246,343        2,872,152  

Mortgage Choice Ltd.(a)

     587,701        818,195  

Myer Holdings Ltd.(a)

     3,615,108        1,039,863  

MYOB Group Ltd.

     756,915        1,770,805  

MyState Ltd.

     336,863        1,224,772  

Navigator Global Investments Ltd.

     843,638        2,400,787  

Navitas Ltd.(a)

     599,260        2,279,925  

NIB Holdings Ltd.

     885,861        4,335,208  

Nick Scali Ltd.

     175,627        905,283  

Nine Entertainment Co. Holdings Ltd.

     2,625,778        4,572,014  

Northern Star Resources Ltd.

     664,385        3,200,392  

Nufarm Ltd.

     271,253        1,758,146  

OFX Group Ltd.(a)

     437,698        567,394  

oOh!media Ltd.(a)

     236,716        833,420  

Orora Ltd.

     1,914,736        4,846,704  

OZ Minerals Ltd.

     476,555        3,286,218  

Pact Group Holdings Ltd.

     651,372        2,737,999  

Peet Ltd.

     792,925        863,663  

Perpetual Ltd.

     118,396        4,227,469  

Platinum Asset Management Ltd.(a)

     1,918,562        8,623,769  

Premier Investments Ltd.(a)

     375,432        4,547,127  

Primary Health Care Ltd.

     300,702        899,549  

Regis Resources Ltd.

     808,863        2,810,586  

Retail Food Group Ltd.(a)

     473,956        338,100  

Sandfire Resources NL

     138,830        779,503  

Scottish Pacific Group Ltd.(a)

     359,506        893,459  

SeaLink Travel Group Ltd.(a)

     247,155        758,321  

Seven Group Holdings Ltd.(a)

     982,193        13,184,345  

SG Fleet Group Ltd.

     493,704        1,446,617  

Sigma Healthcare Ltd.

     3,288,869        1,967,727  

Silver Chef Ltd.(a)

     173,876        520,149  

Sims Metal Management Ltd.

     227,592        2,520,855  

Sirtex Medical Ltd.

     66,119        1,406,878  

Southern Cross Media Group Ltd.

     2,236,185        1,775,300  

Steadfast Group Ltd.

     986,018        1,898,376  

Super Retail Group Ltd.

     467,031        2,436,006  

Tassal Group Ltd.

     188,318        547,463  

Villa World Ltd.

     769,378        1,428,166  

Village Roadshow Ltd.*

     214,834        514,140  

Vita Group Ltd.(a)

     1,093,411        1,023,215  

 

See Notes to Financial Statements.

 

88   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Viva Energy REIT

     487,876      $ 748,451  

Vocus Group Ltd.(a)

     1,189,783        2,026,023  

WPP AUNZ Ltd.

     1,725,674        1,211,166  
     

 

 

 
Total Australia               241,390,863  
Austria – 1.0%  

AT&S Austria Technologie & Systemtechnik AG

     46,807        1,266,443  

Porr AG(a)

     43,272        1,487,446  

S IMMO AG

     135,330        2,679,614  

UNIQA Insurance Group AG

     1,187,092        13,774,587  

Zumtobel Group AG(a)

     46,712        438,334  
     

 

 

 
Total Austria               19,646,424  
Belgium – 1.2%  

Cofinimmo S.A.

     60,676        7,865,202  

D’ieteren S.A./N.V.

     62,886        2,544,498  

EVS Broadcast Equipment S.A.

     18,839        608,190  

Exmar N.V.*

     261,127        1,686,023  

Ion Beam Applications(a)

     42,252        851,684  

Orange Belgium S.A.

     114,232        2,334,915  

Recticel S.A.

     89,811        1,124,423  

Warehouses De Pauw CVA

     54,279        6,742,260  
     

 

 

 
Total Belgium               23,757,195  
China – 1.6%  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     434,000        815,101  

China Aerospace International Holdings Ltd.

     5,208,000        564,046  

China Agri-Industries Holdings Ltd.

     3,581,000        1,574,156  

China South City Holdings Ltd.(a)

     13,386,000        3,018,898  

China Traditional Chinese Medicine Holdings Co., Ltd.(a)

     4,258,000        3,141,294  

China Travel International Investment Hong Kong Ltd.

     7,102,000        2,515,648  

CITIC Telecom International Holdings Ltd.

     6,973,822        2,017,071  

CPMC Holdings Ltd.

     1,702,109        1,093,056  

Goldpac Group Ltd.(a)

     2,016,000        611,353  

Guotai Junan International Holdings Ltd.(a)

     10,299,000        2,965,705  

Rivera Holdings Ltd.

     10,858,000        830,091  

Shougang Fushan Resources Group Ltd.

     6,198,000        1,579,450  

Sinotruk Hong Kong Ltd.(a)

     1,963,000        2,323,595  

Yuexiu Property Co., Ltd.

     32,406,000        7,638,737  
     

 

 

 
Total China               30,688,201  
Denmark – 1.6%  

Alm Brand A/S

     242,265        2,458,265  

Matas A/S

     96,567        1,042,004  

NNIT A/S(b)

     23,414        668,320  

Per Aarsleff Holding A/S

     40,340        1,507,534  

Royal Unibrew A/S

     62,510        4,127,523  

Scandinavian Tobacco Group A/S Class A(b)

     223,914        3,934,538  

Schouw & Co. A/S

     30,409        2,997,802  

SimCorp A/S

     39,142        2,711,117  

Spar Nord Bank A/S

     374,967        4,448,205  

Sydbank A/S

     171,509        6,287,729  
     

 

 

 
Total Denmark               30,183,037  
Finland – 2.4%  

Aktia Bank Oyj

     65,561      740,185  

Citycon Oyj(a)

     2,554,857        5,740,602  

Cramo Oyj

     66,747        1,391,406  

DNA Oyj

     231,970        5,029,635  

F-Secure Oyj

     236,170        1,061,609  

HKScan Oyj Class A(a)

     371,216        1,401,578  

Kemira Oyj

     201,052        2,571,544  

Lassila & Tikanoja Oyj

     106,186        2,201,796  

Lehto Group Oyj

     38,646        555,136  

Metsa Board Oyj(a)

     529,647        5,312,058  

Oriola Oyj Class B(a)

     242,177        732,690  

Ramirent Oyj

     250,322        2,061,114  

Sanoma Oyj

     370,283        4,337,616  

Technopolis Oyj

     327,395        1,477,714  

Tieto Oyj(a)

     160,549        5,346,980  

Tikkurila Oyj(a)

     64,685        1,242,616  

Tokmanni Group Corp.

     140,438        1,145,982  

Uponor Oyj

     117,281        1,957,311  

YIT Oyj(a)

     187,207        1,565,609  
     

 

 

 
Total Finland               45,873,181  
France – 1.9%  

Albioma S.A.

     72,162        1,709,296  

Coface S.A.

     436,500        4,987,148  

Europcar Groupe S.A.(b)

     187,144        2,078,337  

Gaztransport Et Technigaz S.A.

     114,536        7,169,883  

IPSOS

     56,386        2,213,535  

Jacquet Metal Service

     50,558        1,824,947  

Kaufman & Broad S.A.

     49,264        2,588,292  

Korian S.A.

     72,128        2,439,433  

LISI

     17,644        709,573  

Neopost S.A.

     84,858        2,233,361  

Nexans S.A.

     23,821        1,230,443  

Rallye S.A.(a)

     273,465        4,103,117  

Television Francaise 1

     228,596        3,100,962  
     

 

 

 
Total France               36,388,327  
Germany – 4.3%  

Aareal Bank AG

     156,020        7,433,480  

alstria office REIT-AG

     311,879        4,882,776  

AURELIUS Equity Opportunities SE & Co. KGaA(a)

     105,062        7,313,317  

Bechtle AG

     44,222        3,578,628  

Bertrandt AG

     7,475        851,744  

Bilfinger SE

     60,586        2,756,934  

Borussia Dortmund GmbH & Co. KGaA

     225,524        1,418,700  

Cewe Stiftung & Co. KGaA

     7,575        744,358  

Comdirect Bank AG

     86,874        1,258,599  

CropEnergies AG

     122,274        778,962  

Deutz AG

     69,353        635,439  

Diebold Nixdorf AG*

     22,392        1,850,608  

Elmos Semiconductor AG

     54,761        1,676,961  

Encavis AG

     236,343        1,863,173  

Gerresheimer AG

     16,123        1,321,595  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      89  


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Grammer AG

     22,499      $ 1,409,807  

Hamburger Hafen und Logistik AG

     129,391        2,904,151  

Indus Holding AG

     35,429        2,479,268  

Jenoptik AG

     59,758        2,110,730  

Kloeckner & Co. SE

     126,576        1,587,829  

Leoni AG

     26,451        1,688,998  

MLP SE

     210,267        1,276,176  

NORMA Group SE

     30,416        2,274,354  

Pfeiffer Vacuum Technology AG

     17,691        2,747,945  

RHOEN-KLINIKUM AG

     107,071        3,605,434  

Sixt SE

     53,479        5,791,152  

Takkt AG

     77,225        1,757,041  

TLG Immobilien AG

     175,190        4,804,702  

VTG AG

     38,545        2,178,241  

Wacker Neuson SE

     103,485        3,581,408  

Washtec AG

     8,759        833,773  

Wuestenrot & Wuerttembergische AG

     159,291        3,757,441  

Zeal Network SE

     23,793        763,734  
     

 

 

 
Total Germany               83,917,458  
Hong Kong – 1.0%  

Chu Kong Shipping Enterprises Group Co., Ltd.

     2,696,000        700,768  

Dah Sing Financial Holdings Ltd.

     453,029        2,863,071  

Hong Kong Aircraft Engineering Co., Ltd.(a)

     373,600        2,170,682  

Hongkong & Shanghai Hotels Ltd. (The)

     1,484,870        2,259,005  

Kowloon Development Co., Ltd.

     3,878,000        4,363,077  

Lai Sun Development Co., Ltd.

     871,734        1,428,398  

Miramar Hotel & Investment(a)

     521,000        1,027,621  

Television Broadcasts Ltd.

     975,400        3,231,324  

Vitasoy International Holdings Ltd.

     912,364        2,348,248  
     

 

 

 
Total Hong Kong               20,392,194  
Indonesia – 0.1%  

Bumitama Agri Ltd.

     2,352,900        1,273,972  
Ireland – 0.7%  

C&C Group PLC

     495,754        1,621,811  

Grafton Group PLC

     187,470        2,024,968  

Greencore Group PLC(a)

     729,065        1,355,632  

Hostelworld Group PLC(b)

     256,900        1,376,649  

IFG Group PLC

     357,459        918,808  

Irish Continental Group PLC

     428,092        3,011,518  

Origin Enterprises PLC

     112,723        741,683  

UDG Healthcare PLC

     270,356        3,291,937  
     

 

 

 
Total Ireland               14,343,006  
Israel – 2.9%  

Amot Investments Ltd.

     821,214        4,392,782  

Ashtrom Properties Ltd.

     208,169        1,003,238  

Avgol Industries 1953 Ltd.

     1,307,920        1,287,486  

B Communications Ltd.*

     102,175        1,339,886  

Delek Automotive Systems Ltd.

     553,293        4,141,601  

Delta-Galil Industries Ltd.

     37,554        1,103,885  

Direct Insurance Financial Investments Ltd.

     103,168        1,335,276  

Discount Investment Corp., Ltd. Registered Shares

     802,652        2,398,228  

El Al Israel Airlines

     1,971,008      656,282  

First International Bank of Israel Ltd.

     243,052        5,116,010  

Gazit-Globe Ltd.

     203,520        2,007,462  

Harel Insurance Investments & Financial Services Ltd.

     319,753        2,525,528  

Inrom Construction Industries Ltd.

     506,422        2,351,191  

Magic Software Enterprises Ltd.

     83,831        684,096  

Matrix IT Ltd.

     232,347        2,617,407  

Maytronics Ltd.

     261,232        1,290,965  

Mediterranean Towers Ltd.*

     396,540        802,714  

Meitav Dash Investments Ltd.

     234,190        749,093  

Melisron Ltd.

     63,820        2,539,457  

Migdal Insurance & Financial Holding Ltd.*

     755,887        805,869  

Nawi Brothers Ltd.

     88,655        467,662  

Oil Refineries Ltd.

     10,119,138        4,675,005  

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     17,347        870,599  

Scope Metals Group Ltd.

     23,325        647,959  

Sella Capital Real Estate Ltd.

     1,053,672        2,045,309  

Shapir Engineering and Industry Ltd.

     349,961        1,118,408  

Shikun & Binui Ltd.

     616,547        1,014,159  

Shufersal Ltd.*

     343,942        2,187,569  

Strauss Group Ltd.

     120,542        2,592,227  

ZUR Shamir Holdings Ltd.

     175,153        770,786  
     

 

 

 
Total Israel               55,538,139  
Italy – 4.4%  

Anima Holding SpA(b)

     495,076        3,354,871  

Ascopiave SpA

     878,872        3,523,672  

Astaldi SpA(a)

     218,728        595,572  

ASTM SpA

     111,437        2,802,690  

Banca IFIS SpA

     96,964        3,730,178  

Banca Popolare di Sondrio SCPA

     484,927        1,919,175  

Banca Sistema SpA(a)(b)

     248,281        683,981  

Biesse SpA

     58,598        3,473,619  

BPER Banca

     301,992        1,682,465  

Cairo Communication SpA(a)

     178,163        799,765  

Cerved Information Solutions SpA

     183,623        2,287,646  

CIR-Compagnie Industriali Riunite SpA

     914,083        1,209,623  

Cofide SpA

     1,541,242        924,055  

Credito Emiliano SpA

     337,837        2,954,127  

Datalogic SpA

     64,551        2,020,426  

Ei Towers SpA

     46,221        2,589,286  

Enav SpA(b)

     1,067,891        5,692,042  

ERG SpA

     252,251        6,012,277  

Esprinet SpA(a)

     69,881        373,853  

Immobiliare Grande Distribuzione SIIQ SpA(a)

     167,117        1,559,553  

IMMSI SpA*

     1,188,394        929,544  

Italmobiliare SpA

     50,428        1,417,132  

Maire Tecnimont SpA(a)

     266,243        1,368,695  

MARR SpA

     146,476        4,348,666  

OVS SpA(b)

     241,960        1,482,517  

RAI Way SpA(b)

     398,867        2,209,913  

Saras SpA

     3,791,922        8,315,015  

Societa Cattolica di Assicurazioni SC

     414,597        4,410,568  

 

See Notes to Financial Statements.

 

90   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Societa Iniziative Autostradali e Servizi SpA

     332,958      $ 6,195,562  

Tod’s SpA(a)

     59,555        4,321,381  

Zignago Vetro SpA

     151,262        1,544,046  
     

 

 

 
Total Italy               84,731,915  
Japan – 26.5%  

Adastria Co., Ltd.(a)

     43,200        881,061  

ADEKA Corp.

     98,901        1,783,659  

Aeon Delight Co., Ltd.

     53,000        1,918,665  

Ai Holdings Corp.

     47,500        1,323,390  

Aica Kogyo Co., Ltd.

     48,700        1,804,212  

Aichi Corp.(a)

     122,000        831,688  

Aida Engineering Ltd.

     90,700        1,096,758  

Aisan Industry Co., Ltd.

     142,200        1,522,951  

Akita Bank Ltd. (The)

     34,100        912,219  

Alinco, Inc.

     105,000        1,085,049  

Alpen Co., Ltd.

     53,000        1,181,598  

Alpine Electronics, Inc.(a)

     66,200        1,248,058  

Amano Corp.

     97,200        2,623,989  

Aoyama Trading Co., Ltd.

     71,301        2,809,132  

Arcs Co., Ltd.

     65,800        1,588,233  

Ariake Japan Co., Ltd.

     40,300        3,228,547  

Asahi Broadcasting Corp.

     116,600        964,814  

Asahi Holdings, Inc.

     48,300        899,693  

ASKUL Corp.(a)

     34,988        1,179,426  

Autobacs Seven Co., Ltd.

     57,203        1,072,523  

Avex, Inc.

     58,300        819,544  

Awa Bank Ltd. (The)

     86,000        551,500  

Bando Chemical Industries Ltd.

     98,400        1,127,876  

Bank of Saga Ltd. (The)

     17,100        374,962  

Bell System24 Holdings, Inc.

     90,300        1,339,004  

Belluna Co., Ltd.

     202,000        2,395,129  

BML, Inc.

     39,500        1,008,764  

C.I. Takiron Corp.

     131,000        853,625  

Capcom Co., Ltd.

     110,600        2,390,874  

Central Glass Co., Ltd.

     58,000        1,351,425  

Chiyoda Co., Ltd.

     44,800        1,125,160  

Citizen Watch Co., Ltd.

     201,807        1,449,747  

CKD Corp.

     64,900        1,444,460  

COLOPL, Inc.(a)

     63,000        548,547  

CONEXIO Corp.

     90,700        1,934,251  

Cosmo Energy Holdings Co., Ltd.

     82,200        2,662,708  

Daido Metal Co., Ltd.

     89,400        1,028,920  

Daido Steel Co., Ltd.

     14,791        756,587  

Daiken Medical Co., Ltd.(a)

     342,600        2,470,843  

Daikyo, Inc.(a)

     53,600        1,085,104  

Daio Paper Corp.(a)

     62,500        881,523  

Daishi Bank Ltd. (The)

     33,790        1,493,305  

Daiwabo Holdings Co., Ltd.

     59,600        2,614,330  

DCM Holdings Co., Ltd.

     161,800        1,643,103  

Denka Co., Ltd.

     105,800        3,546,563  

Denyo Co., Ltd.

     61,900        1,106,459  

Dexerials Corp.

     146,800        1,525,284  

DMG Mori Co., Ltd.

     85,300        1,594,512  

Doshisha Co., Ltd.

     46,600      1,074,407  

Doutor Nichires Holdings Co., Ltd.

     50,100        1,173,946  

Dowa Holdings Co., Ltd.(a)

     42,200        1,511,819  

Eagle Industry Co., Ltd.

     84,000        1,473,850  

Earth Corp.

     40,100        2,119,060  

EDION Corp.(a)

     149,600        1,741,465  

Eighteenth Bank Ltd. (The)

     329,393        845,550  

Enplas Corp.

     33,400        1,116,474  

Exedy Corp.

     36,770        1,159,975  

Fancl Corp.

     62,700        2,296,347  

FIDEA Holdings Co., Ltd.

     798,000        1,455,684  

Fields Corp.(a)

     122,897        1,346,262  

Financial Products Group Co., Ltd.

     78,900        1,023,066  

Foster Electric Co., Ltd.

     48,685        1,189,773  

France Bed Holdings Co., Ltd.(a)

     158,900        1,407,464  

Fudo Tetra Corp.

     447,900        795,986  

Fuji Corp., Ltd.

     259,900        2,199,436  

Fuji Oil Co., Ltd.

     214,700        847,898  

Fuji Oil Holdings, Inc.

     60,000        1,811,001  

Fujikura Ltd.

     195,800        1,329,267  

Fujimi, Inc.

     63,741        1,381,504  

Fujimori Kogyo Co., Ltd.

     44,700        1,582,468  

Fujitec Co., Ltd.

     70,900        933,333  

Fujitsu General Ltd.

     52,200        934,054  

Fukuyama Transporting Co., Ltd.

     18,000        794,640  

Funai Soken Holdings, Inc.

     212,550        4,550,788  

GCA Corp.

     91,400        781,219  

Geo Holdings Corp.(a)

     108,700        1,741,653  

Gfoot Co., Ltd.(a)

     146,800        1,058,727  

Glory Ltd.

     19,877        709,292  

GMO Financial Holdings, Inc.(a)

     246,600        1,655,594  

GMO Internet, Inc.(a)

     107,688        2,169,961  

Godo Steel Ltd.(a)

     44,200        886,078  

GS Yuasa Corp.

     103,000        561,730  

GungHo Online Entertainment, Inc.

     326,100        1,109,997  

Gunma Bank Ltd. (The)

     547,200        3,107,746  

Gunze Ltd.

     36,900        2,092,214  

Gurunavi, Inc.(a)

     44,900        626,109  

H2O Retailing Corp.

     52,200        955,159  

Hanwa Co., Ltd.

     69,600        2,931,904  

Happinet Corp.

     151,900        2,189,588  

Hard Off Corp. Co., Ltd.

     96,800        983,929  

Hazama Ando Corp.(a)

     152,900        1,151,602  

Heiwa Corp.(a)

     96,519        1,941,271  

Heiwado Co., Ltd.

     67,300        1,628,236  

Hiroshima Bank Ltd. (The)

     292,500        2,203,032  

Hitachi Transport System Ltd.

     50,031        1,406,607  

Hitachi Zosen Corp.

     196,400        1,006,469  

Hokuetsu Bank Ltd. (The)

     48,400        1,055,835  

Hokuetsu Industries Co., Ltd.

     193,800        2,093,805  

Hokuetsu Kishu Paper Co., Ltd.

     259,500        1,673,879  

Hokuhoku Financial Group, Inc.(a)

     190,400        2,583,425  

Horiba Ltd.

     38,600        2,990,729  

Hosokawa Micron Corp.

     37,200        2,570,945  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      91  


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Hyakugo Bank Ltd. (The)

     209,000      $ 988,500  

Hyakujushi Bank Ltd. (The)

     176,000        597,424  

Ibiden Co., Ltd.(a)

     102,700        1,528,670  

Ichigo, Inc.(a)

     336,900        1,482,550  

Ichiyoshi Securities Co., Ltd.

     162,900        1,908,542  

Idec Corp.(a)

     85,800        2,079,853  

Iino Kaiun Kaisha Ltd.

     240,400        1,150,575  

Imasen Electric Industrial

     109,800        1,257,512  

Inaba Denki Sangyo Co., Ltd.

     44,600        1,973,136  

Inabata & Co., Ltd.

     65,700        998,319  

Itochu Enex Co., Ltd.

     206,301        1,937,891  

Iwatani Corp.

     19,000        702,116  

Iyo Bank Ltd. (The)

     216,700        1,632,127  

Japan Wool Textile Co., Ltd. (The)

     105,600        1,036,638  

K’s Holdings Corp.

     177,202        2,451,003  

kabu.com Securities Co., Ltd.

     625,301        2,151,953  

Kaga Electronics Co., Ltd.

     63,800        1,655,141  

Kandenko Co., Ltd.

     159,800        1,821,134  

Kaneka Corp.

     153,000        1,517,771  

Kansai Urban Banking Corp.

     85,800        1,129,478  

Kasai Kogyo Co., Ltd.

     53,700        696,307  

Kato Sangyo Co., Ltd.

     51,400        1,800,329  

Kato Works Co., Ltd.

     52,900        1,217,173  

Keiyo Bank Ltd. (The)

     189,000        844,147  

Kintetsu World Express, Inc.

     64,800        1,217,399  

Kitagawa Iron Works Co., Ltd.

     53,900        1,373,981  

Kitano Construction Corp.

     361,000        1,381,542  

Kito Corp.

     82,900        1,547,311  

Kiyo Bank Ltd. (The)

     55,450        880,109  

Koa Corp.

     99,200        2,052,092  

Kobe Bussan Co., Ltd.(a)

     15,100        682,943  

Koei Tecmo Holdings Co., Ltd.

     63,300        1,236,835  

Kohnan Shoji Co., Ltd.

     84,800        2,024,515  

Kokuyo Co., Ltd.

     142,400        2,802,475  

Konoike Transport Co., Ltd.

     53,000        917,969  

Kurabo Industries Ltd.

     429,955        1,354,348  

KYB Corp.

     15,079        716,022  

Kyoei Steel Ltd.(a)

     42,500        732,910  

KYORIN Holdings, Inc.

     74,990        1,409,544  

Kyosan Electric Manufacturing Co., Ltd.

     371,000        2,288,444  

Kyoto Kimono Yuzen Co., Ltd.(a)

     218,200        1,573,666  

Kyowa Exeo Corp.(a)

     102,500        2,742,971  

Kyudenko Corp.(a)

     41,900        2,060,527  

Leopalace21 Corp.

     303,000        2,527,137  

Lintec Corp.

     56,830        1,651,196  

Macnica Fuji Electronics Holdings, Inc.

     62,000        1,118,740  

Maeda Road Construction Co., Ltd.

     55,000        1,111,895  

Mandom Corp.

     66,060        2,279,645  

Marubun Corp.

     140,100        1,297,588  

Maruha Nichiro Corp.

     51,300        1,640,056  

Matsui Securities Co., Ltd.

     218,340        1,979,123  

Max Co., Ltd.

     64,147        823,929  

MegaChips Corp.*(a)

     45,700        1,645,802  

Megmilk Snow Brand Co., Ltd.

     54,800        1,482,460  

Meitec Corp.

     50,600      2,802,388  

Minato Bank Ltd. (The)

     43,321        855,422  

Ministop Co., Ltd.

     48,400        991,665  

Miraca Holdings, Inc.

     40,300        1,574,485  

Mitsubishi Research Institute, Inc.

     33,200        1,047,353  

Mitsubishi Shokuhin Co., Ltd.

     43,300        1,241,796  

Mitsubishi Steel Manufacturing Co., Ltd.

     53,400        1,229,179  

Mitsui Matsushima Co., Ltd.

     62,100        884,056  

Mitsui Mining & Smelting Co., Ltd.

     52,164        2,369,084  

Miyazaki Bank Ltd. (The)

     17,264        536,507  

Morinaga Milk Industry Co., Ltd.

     66,200        2,695,308  

MTI Ltd.

     117,000        723,893  

Musashino Bank Ltd. (The)

     16,345        515,632  

Nachi-Fujikoshi Corp.

     335,000        2,034,885  

Nagaileben Co., Ltd.

     44,900        1,231,109  

Nagase & Co., Ltd.

     112,500        1,909,379  

NEC Networks & System Integration Corp.

     48,001        1,251,592  

NHK Spring Co., Ltd.

     160,900        1,702,045  

Nichi-iko Pharmaceutical Co., Ltd.

     47,400        746,544  

Nichias Corp.

     131,000        1,665,369  

Nichiha Corp.

     68,001        2,599,192  

Nichireki Co., Ltd.

     141,800        1,638,667  

Nihon Kohden Corp.

     62,900        1,751,264  

Nihon Nohyaku Co., Ltd.

     156,000        918,251  

Nihon Parkerizing Co., Ltd.

     84,701        1,384,206  

Nihon Unisys Ltd.

     92,800        2,001,723  

Nikkon Holdings Co., Ltd.

     65,800        1,726,206  

Nippo Corp.

     46,200        1,071,701  

Nippon Denko Co., Ltd.(a)

     416,300        1,315,250  

Nippon Flour Mills Co., Ltd.

     153,697        2,383,134  

Nippon Kayaku Co., Ltd.

     109,899        1,350,616  

Nippon Koei Co., Ltd.

     45,800        1,393,164  

Nippon Light Metal Holdings Co., Ltd.

     609,400        1,633,089  

Nippon Paper Industries Co., Ltd.(a)

     104,238        1,946,560  

Nippon Shokubai Co., Ltd.

     31,800        2,158,872  

Nippon Steel & Sumikin Bussan Corp.

     41,473        2,296,906  

Nippon Thompson Co., Ltd.

     152,600        1,219,652  

Nipro Corp.

     237,091        3,426,506  

Nishi-Nippon Railroad Co., Ltd.

     62,200        1,625,914  

Nishimatsu Construction Co., Ltd.

     60,000        1,488,293  

Nishimatsuya Chain Co., Ltd.

     92,800        1,046,236  

Nishio Rent All Co., Ltd.

     17,300        529,492  

Nisshinbo Holdings, Inc.

     197,892        2,662,750  

Nissin Electric Co., Ltd.

     79,200        734,285  

Nitta Corp.

     35,700        1,327,630  

Noevir Holdings Co., Ltd.

     47,700        3,440,141  

NOF Corp.

     52,500        1,552,539  

Noritake Co., Ltd.

     39,800        1,725,228  

North Pacific Bank Ltd.

     443,700        1,481,086  

NS Solutions Corp.

     98,200        2,807,033  

NS United Kaiun Kaisha Ltd.

     58,100        1,185,491  

NSD Co., Ltd.

     102,600        2,094,449  

NTN Corp.

     518,000        2,162,595  

Obara Group, Inc.

     12,500        740,480  

 

See Notes to Financial Statements.

 

92   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Ogaki Kyoritsu Bank Ltd. (The)

     37,000      $ 931,697  

Ohsho Food Service Corp.

     45,400        2,245,454  

Oita Bank Ltd. (The)

     41,600        1,535,308  

Okamura Corp.

     70,700        963,940  

Okasan Securities Group, Inc.(a)

     436,000        2,607,391  

Oki Electric Industry Co., Ltd.(a)

     65,800        873,002  

OKUMA Corp.

     17,200        1,012,431  

Okumura Corp.(a)

     57,900        2,283,879  

Okuwa Co., Ltd.

     78,000        799,436  

Onoken Co., Ltd.

     90,400        1,577,644  

Onward Holdings Co., Ltd.

     183,800        1,595,180  

Open House Co., Ltd.

     39,900        2,476,164  

OSG Corp.

     50,900        1,168,762  

Paltac Corp.

     102,476        5,492,367  

Paramount Bed Holdings Co., Ltd.

     33,400        1,705,331  

Penta-Ocean Construction Co., Ltd.

     135,700        993,985  

Plenus Co., Ltd.(a)

     61,000        1,183,865  

Press Kogyo Co., Ltd.

     153,800        915,425  

Raysum Co., Ltd.

     85,300        1,065,147  

Rengo Co., Ltd.

     299,700        2,589,791  

Resorttrust, Inc.

     72,700        1,526,461  

Riso Kagaku Corp.

     50,100        933,221  

Rohto Pharmaceutical Co., Ltd.

     55,000        1,538,552  

Roland DG Corp.

     44,100        1,015,523  

Round One Corp.

     146,700        2,322,922  

Ryobi Ltd.

     55,800        1,470,685  

Ryoden Corp.

     32,000        526,262  

Ryosan Co., Ltd.

     44,286        1,596,961  

Sac’s Bar Holdings, Inc.(a)

     55,700        597,590  

Saibu Gas Co., Ltd.

     51,100        1,322,786  

Saizeriya Co., Ltd.

     53,401        1,521,439  

San-Ai Oil Co., Ltd.

     107,800        1,586,338  

San-In Godo Bank Ltd. (The)

     104,387        924,613  

Sangetsu Corp.

     83,400        1,728,384  

Sankyu, Inc.

     80,000        3,964,269  

Sanoh Industrial Co., Ltd.

     202,400        1,423,556  

Sanrio Co., Ltd.(a)

     97,773        1,777,106  

Sanshin Electronics Co., Ltd.

     64,100        1,313,342  

Sanwa Holdings Corp.

     257,500        3,324,377  

Sanyo Chemical Industries Ltd.

     18,000        843,724  

Sanyo Denki Co., Ltd.

     29,800        2,303,300  

Sanyo Housing Nagoya Co., Ltd.

     134,500        1,585,924  

Sapporo Holdings Ltd.

     63,200        1,842,219  

Sato Holdings Corp.

     32,600        1,031,490  

Sawai Pharmaceutical Co., Ltd.(a)

     32,500        1,427,127  

Seiko Holdings Corp.

     29,800        721,252  

Seino Holdings Co., Ltd.

     152,283        2,803,668  

Senko Group Holdings Co., Ltd.(a)

     216,200        1,683,250  

Senshu Ikeda Holdings, Inc.

     360,400        1,355,524  

Shibusawa Warehouse Co., Ltd. (The)

     68,200        1,156,867  

Shiga Bank Ltd. (The)

     133,000        670,315  

Shimachu Co., Ltd.

     65,200        2,084,438  

Shinko Plantech Co., Ltd.

     143,400        1,290,398  

Shinmaywa Industries Ltd.

     114,000        937,941  

Ship Healthcare Holdings, Inc.

     57,400      2,023,977  

Shoei Co., Ltd.

     42,600        1,664,344  

Sotetsu Holdings, Inc.

     72,600        1,930,539  

St. Marc Holdings Co., Ltd.

     31,400        909,375  

Star Micronics Co., Ltd.

     49,100        914,594  

Starts Corp., Inc.

     53,100        1,444,460  

Sumitomo Bakelite Co., Ltd.

     409,000        3,611,199  

Sumitomo Osaka Cement Co., Ltd.(a)

     448,000        1,988,303  

Sumitomo Riko Co., Ltd.

     88,150        892,690  

Sumitomo Seika Chemicals Co., Ltd.

     12,200        583,902  

T-Gaia Corp.

     92,100        2,564,251  

Tadano Ltd.

     68,100        1,021,340  

Taiho Kogyo Co., Ltd.

     50,400        719,865  

Taikisha Ltd.

     19,400        634,810  

Taiyo Holdings Co., Ltd.

     44,259        1,901,868  

Taiyo Yuden Co., Ltd.(a)

     59,200        1,003,645  

Takara Leben Co., Ltd.

     188,300        814,462  

Takasago Thermal Engineering Co., Ltd.

     139,401        2,561,256  

Tamron Co., Ltd.

     47,400        998,364  

Tatsuta Electric Wire and Cable Co., Ltd.

     373,000        2,286,751  

TechnoPro Holdings, Inc.

     46,600        2,808,707  

TIS, Inc.

     60,800        2,406,845  

Toagosei Co., Ltd.

     147,400        1,736,645  

Tocalo Co., Ltd.

     208,000        2,536,681  

Toda Corp.(a)

     167,000        1,210,691  

Toei Co., Ltd.

     6,700        729,535  

Toho Bank Ltd. (The)

     161,272        617,186  

Toho Holdings Co., Ltd.

     45,000        1,060,367  

TOKAI Holdings Corp.

     218,800        2,217,832  

Tokai Rika Co., Ltd.

     57,722        1,182,663  

Tokai Tokyo Financial Holdings, Inc.

     523,500        3,617,983  

Tokyo Ohka Kogyo Co., Ltd.

     15,300        548,843  

Tokyo Seimitsu Co., Ltd.

     46,800        1,890,042  

Tokyu Construction Co., Ltd.(a)

     141,100        1,532,398  

TOMONY Holdings, Inc.

     238,090        1,058,924  

Topcon Corp.

     58,600        1,144,449  

Toppan Forms Co., Ltd.

     112,500        1,258,815  

Topy Industries Ltd.

     18,100        527,598  

Toshiba Plant Systems & Services Corp.

     60,300        1,300,121  

Towa Bank Ltd. (The)

     104,600        1,377,946  

Toyo Ink SC Holdings Co., Ltd.

     416,001        2,581,671  

Toyo Kohan Co., Ltd.

     244,300        1,640,152  

Toyo Tire & Rubber Co., Ltd.

     140,700        2,423,718  

Toyobo Co., Ltd.

     110,069        2,172,401  

TPR Co., Ltd.

     31,900        922,355  

Trusco Nakayama Corp.

     48,600        1,205,061  

TS Tech Co., Ltd.

     51,833        2,054,312  

Tsubaki Nakashima Co., Ltd.

     45,300        1,173,924  

Tsubakimoto Chain Co.

     59,000        480,433  

Tsumura & Co.

     86,801        2,983,147  

Ube Industries Ltd.(a)

     91,277        2,664,928  

UKC Holdings Corp.

     37,000        770,268  

Union Tool Co.

     15,100        533,150  

Universal Entertainment Corp.*(a)

     37,300        1,709,803  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      93  


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Unizo Holdings Co., Ltd.(a)

     32,400      $ 785,704  

Valor Holdings Co., Ltd.

     60,000        1,624,824  

Vital KSK Holdings, Inc.

     140,000        1,378,279  

VT Holdings Co., Ltd.(a)

     140,900        719,405  

Wacoal Holdings Corp.

     50,768        1,470,291  

Wowow, Inc.

     31,000        975,035  

Xebio Holdings Co., Ltd.

     46,200        915,746  

YAMABIKO Corp.

     94,400        1,234,701  

Yamanashi Chuo Bank Ltd. (The)

     169,000        696,023  

Yamatane Corp.

     84,600        1,482,787  

Yamazen Corp.

     117,000        1,222,257  

Yorozu Corp.

     39,300        661,836  

Yuasa Trading Co., Ltd.

     32,948        1,087,423  

Yumeshin Holdings Co., Ltd.

     163,700        1,810,166  

Zenrin Co., Ltd.

     86,100        1,819,151  

Zeon Corp.

     82,200        1,188,750  

Zojirushi Corp.(a)

     58,200        834,556  
     

 

 

 
Total Japan               513,604,327  
Netherlands – 1.8%  

Accell Group

     63,042        1,373,871  

Amsterdam Commodities N.V.

     48,223        1,263,241  

Arcadis N.V.

     77,297        1,516,267  

BE Semiconductor Industries N.V.

     100,867        10,302,462  

Beter Bed Holding N.V.

     62,494        715,551  

Corbion N.V.

     113,684        3,442,229  

Flow Traders(b)

     90,864        3,868,755  

Intertrust N.V.(b)

     123,110        2,549,692  

Koninklijke BAM Groep N.V.(a)

     218,615        1,017,380  

PostNL N.V.

     607,102        2,271,293  

Rhi Magnesita N.V.*

     58,715        3,588,870  

TKH Group N.V. CVA

     59,815        3,825,302  
     

 

 

 
Total Netherlands               35,734,913  
New Zealand – 3.9%  

Air New Zealand Ltd.

     3,937,836        9,175,635  

Chorus Ltd.

     896,382        2,586,599  

Contact Energy Ltd.

     1,541,303        5,837,452  

EBOS Group Ltd.

     325,959        4,220,884  

Fonterra Co-operative Group Ltd.(a)

     295,491        1,259,818  

Freightways Ltd.

     339,225        1,852,506  

Genesis Energy Ltd.

     5,062,594        8,673,866  

Heartland Bank Ltd.(a)

     1,602,947        2,035,203  

Infratil Ltd.

     1,497,694        3,349,352  

Investore Property Ltd.(a)

     1,055,754        1,066,269  

Kathmandu Holdings Ltd.(a)

     1,006,875        1,757,790  

Kiwi Property Group Ltd.

     3,195,224        3,088,745  

Mainfreight Ltd.

     113,221        2,009,269  

Metro Performance Glass Ltd.(a)

     1,129,757        603,105  

Michael Hill International Ltd.

     1,042,687        911,764  

NZME Ltd.(a)

     966,093        613,306  

NZX Ltd.(a)

     1,473,959        1,137,746  

Port of Tauranga Ltd.(a)

     471,739        1,630,096  

Restaurant Brands New Zealand Ltd.(a)

     389,473        2,014,524  

Scales Corp., Ltd.

     407,305        1,325,172  

Skellerup Holdings Ltd.

     443,161      581,847  

SKY Network Television Ltd.

     1,573,538        2,599,493  

SKYCITY Entertainment Group Ltd.

     1,421,962        4,000,632  

Steel & Tube Holdings Ltd.

     335,399        488,753  

Tegel Group Holdings Ltd.(a)

     1,631,617        953,409  

Trade Me Group Ltd.

     1,283,870        4,102,993  

Trustpower Ltd.

     851,642        3,434,352  

Z Energy Ltd.

     1,072,725        5,417,045  
     

 

 

 
Total New Zealand               76,727,625  
Norway – 3.2%  

American Shipping Co. ASA*

     494,710        1,477,649  

Arcus ASA(b)

     267,375        1,498,481  

Atea ASA*

     283,079        4,586,407  

Austevoll Seafood ASA

     895,311        8,952,027  

Borregaard ASA

     173,266        1,633,138  

Ekornes ASA

     118,582        1,661,457  

Entra ASA(b)

     335,305        4,561,305  

Europris ASA(b)

     574,496        1,844,019  

Grieg Seafood ASA

     340,935        3,135,354  

Norway Royal Salmon ASA

     135,055        2,766,142  

Ocean Yield ASA(a)

     578,347        4,861,947  

Protector Forsikring ASA

     153,681        1,659,945  

Selvaag Bolig ASA

     289,689        1,400,302  

SpareBank 1 Nord Norge

     275,326        2,174,286  

SpareBank 1 SMN

     244,760        2,522,126  

SpareBank 1 SR-Bank ASA

     393,356        4,318,877  

Sparebanken Vest

     276,181        1,808,151  

TGS Nopec Geophysical Co. ASA

     145,771        3,552,854  

Tomra Systems ASA

     197,607        4,127,850  

Veidekke ASA

     273,414        3,054,205  
     

 

 

 
Total Norway               61,596,522  
Portugal – 1.3%  

Altri, SGPS, S.A.

     797,108        5,313,354  

CTT-Correios de Portugal S.A.(a)

     358,793        1,380,267  

Mota-Engil, SGPS, S.A.

     549,294        2,209,047  

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

     2,171,713        6,698,572  

Semapa-Sociedade de Investimento e Gestao

     130,701        2,976,954  

Sonae Capital, SGPS, S.A.

     1,042,762        1,190,106  

Sonae, SGPS, S.A.

     4,233,333        5,700,971  
     

 

 

 
Total Portugal               25,469,271  
Singapore – 4.0%  

Accordia Golf Trust

     1,278,200        628,719  

Asian Pay Television Trust

     4,234,217        1,711,382  

Boustead Singapore Ltd.

     1,386,200        861,552  

Bukit Sembawang Estates Ltd.(a)

     597,700        2,784,982  

Centurion Corp., Ltd.(a)

     2,312,800        855,417  

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

     933,900        1,118,145  

Chip Eng Seng Corp., Ltd.(a)

     1,115,460        837,892  

CITIC Envirotech Ltd.(a)

     1,326,000        717,959  

Far East Orchard Ltd.

     1,357,500        1,532,144  

GuocoLand Ltd.

     2,575,300        4,084,972  

 

See Notes to Financial Statements.

 

94   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Ho Bee Land Ltd.

     695,100      $ 1,335,813  

Hong Fok Corp., Ltd.(a)

     924,600        557,030  

iFAST Corp., Ltd.(a)

     1,389,900        948,647  

Indofood Agri Resources Ltd.

     1,576,700        390,778  

Japfa Ltd.(a)

     2,605,400        904,032  

Jumbo Group Ltd.(a)

     1,682,100        705,525  

Keppel Infrastructure Trust

     11,003,288        4,489,254  

Keppel Telecommunications & Transportation Ltd.(a)

     866,800        1,011,366  

Lian Beng Group Ltd.

     2,580,000        1,308,396  

OUE Ltd.(a)

     1,729,700        2,400,712  

Oxley Holdings Ltd.(a)

     3,547,500        1,325,612  

Q&M Dental Group Singapore Ltd.(a)

     2,187,000        1,025,703  

QAF Ltd.

     1,135,000        874,209  

Raffles Medical Group Ltd.(a)

     2,053,300        1,800,728  

Sembcorp Marine Ltd.(a)

     2,465,700        4,230,782  

Sheng Siong Group Ltd.(a)

     3,093,100        2,193,688  

SIIC Environment Holdings Ltd.(a)

     3,653,100        1,295,426  

Singapore Post Ltd.(a)

     5,555,300        5,803,982  

UMS Holdings Ltd.

     3,766,059        3,360,245  

United Engineers Ltd.

     1,236,789        2,461,694  

UPP Holdings Ltd.(a)

     4,281,700        767,330  

Venture Corp., Ltd.

     823,344        17,649,813  

Wheelock Properties Singapore Ltd.

     1,720,700        2,348,855  

Wing Tai Holdings Ltd.

     968,700        1,529,176  

Yanlord Land Group Ltd.

     1,480,200        1,907,678  
     

 

 

 
Total Singapore               77,759,638  
Spain – 1.2%  

Applus Services S.A.

     101,202        1,316,822  

Construcciones y Auxiliar de Ferrocarriles S.A.

     20,462        1,056,938  

Elecnor S.A.

     55,300        924,946  

Ence Energia y Celulosa S.A.

     813,210        6,120,775  

Euskaltel S.A.(b)

     112,368        936,277  

Faes Farma S.A.

     484,607        1,770,103  

Obrascon Huarte Lain S.A.*(a)

     198,965        847,386  

Papeles y Cartones de Europa S.A.

     156,161        2,719,494  

Saeta Yield S.A.

     265,510        3,977,228  

Tecnicas Reunidas S.A.(a)

     135,465        3,996,775  
     

 

 

 
Total Spain               23,666,744  
Sweden – 4.6%  

Acando AB

     684,753        2,420,200  

AddTech AB Class B

     66,806        1,340,140  

AF AB Class B

     119,155        2,592,306  

Alimak Group AB(b)

     63,015        955,594  

Atrium Ljungberg AB Class B

     209,747        3,080,537  

Avanza Bank Holding AB(a)

     41,657        2,189,594  

Bergman & Beving AB

     39,232        396,780  

Betsson AB*

     248,157        1,870,334  

Bilia AB Class A

     319,079        2,819,392  

Bravida Holding AB(b)

     164,240        1,170,789  

Bulten AB

     55,086        736,690  

Byggmax Group AB(a)

     110,793        549,017  

Capio AB(b)

     102,722        518,835  

Clas Ohlson AB Class B

     117,664      1,268,694  

Com Hem Holding AB

     207,626        3,351,845  

Coor Service Management Holding AB(b)

     211,784        1,691,784  

Dometic Group AB(b)

     350,082        3,187,390  

Duni AB

     136,361        1,882,234  

Dustin Group AB(b)

     105,076        928,455  

Evolution Gaming Group AB(b)

     15,737        859,496  

Granges AB

     93,712        1,096,037  

Hemfosa Fastigheter AB

     358,867        4,340,787  

HIQ International AB*

     185,983        1,587,833  

Intrum Justitia AB(a)

     103,292        2,919,379  

Inwido AB

     68,529        610,434  

ITAB Shop Concept AB Class B(a)

     113,422        488,911  

KappAhl AB

     140,180        428,501  

KNOW IT AB

     150,120        3,011,434  

Kungsleden AB

     276,414        1,840,054  

Lifco AB Class B

     40,303        1,544,785  

Loomis AB Class B

     101,967        3,657,507  

Magnolia Bostad AB(a)

     84,615        486,485  

Mekonomen AB

     51,315        873,754  

Modern Times Group MTG AB Class B

     141,981        5,743,798  

MQ Holding AB(a)

     285,693        509,654  

Mycronic AB(a)

     253,918        3,238,100  

NetEnt AB*

     279,845        1,401,430  

Nobia AB(a)

     275,434        2,471,565  

Nobina AB(b)

     253,864        1,632,347  

Nolato AB Class B

     58,431        4,248,994  

Nordic Waterproofing Holding A/S(b)

     57,729        494,241  

NP3 Fastigheter AB

     215,783        1,525,332  

Platzer Fastigheter Holding AB Class B

     168,792        1,056,109  

Resurs Holding AB(b)

     585,630        4,125,731  

Rottneros AB

     753,067        676,203  

Scandi Standard AB

     124,146        850,884  

Thule Group AB(b)

     65,889        1,420,876  

Wihlborgs Fastigheter AB

     145,557        3,361,361  
     

 

 

 
Total Sweden               89,452,632  
Switzerland – 1.4%  

Ascom Holding AG Registered Shares

     57,220        1,212,997  

Daetwyler Holding AG Bearer Shares

     6,018        1,147,543  

EFG International AG*

     565,324        4,516,216  

GAM Holding AG*

     411,296        6,893,589  

Implenia AG Registered Shares*

     27,205        2,152,025  

Kudelski S.A. Bearer Shares(a)

     62,090        648,392  

Mobilezone Holding AG Registered Shares(a)

     163,474        2,092,931  

Oriflame Holding AG

     72,060        3,441,754  

Tecan Group AG Registered Shares

     9,272        1,957,809  

Valiant Holding AG Registered Shares

     23,257        2,749,261  

Zehnder Group AG

     18,678        859,196  
     

 

 

 
Total Switzerland               27,671,713  
United Kingdom – 15.5%  

A.G. Barr PLC

     97,800        901,364  

AA PLC

     1,566,812        1,769,329  

Abcam PLC

     169,520        2,946,375  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      95  


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Ascential PLC

     192,692      $ 1,126,645  

AVEVA Group PLC

     20,832        558,454  

Balfour Beatty PLC

     400,385        1,503,002  

BCA Marketplace PLC

     1,292,901        2,938,164  

BGEO Group PLC

     64,303        3,207,663  

Big Yellow Group PLC

     264,225        3,161,686  

Bodycote PLC

     121,356        1,523,632  

Bovis Homes Group PLC

     185,384        2,962,046  

Braemar Shipping Services PLC

     215,393        767,469  

Brewin Dolphin Holdings PLC

     575,863        2,785,365  

Britvic PLC

     504,929        4,834,246  

Card Factory PLC

     511,709        1,357,408  

Central Asia Metals PLC

     453,926        2,031,288  

Chesnara PLC

     456,230        2,495,998  

Cineworld Group PLC

     1,748,160        5,782,568  

Clarkson PLC

     37,246        1,577,910  

Clinigen Group PLC*

     65,557        820,313  

CMC Markets PLC(b)

     980,112        2,326,333  

Communisis PLC

     1,025,225        908,933  

Computacenter PLC

     157,167        2,531,040  

Concentric AB

     58,106        1,019,915  

Connect Group PLC

     1,255,540        986,312  

Consort Medical PLC

     107,799        1,693,669  

Costain Group PLC

     238,643        1,554,999  

Countryside Properties PLC(b)

     433,308        1,907,416  

Cranswick PLC

     72,071        2,875,318  

Crest Nicholson Holdings PLC

     570,882        3,638,986  

Dairy Crest Group PLC

     342,569        2,460,446  

De La Rue PLC

     91,112        650,563  

Debenhams PLC(a)

     3,566,744        1,044,716  

Dechra Pharmaceuticals PLC

     110,853        4,086,661  

Devro PLC

     300,330        825,754  

DFS Furniture PLC

     333,644        862,122  

Dignity PLC(a)

     19,217        235,744  

Diploma PLC

     140,950        2,256,038  

Domino’s Pizza Group PLC

     785,372        3,641,184  

Drax Group PLC

     122,389        471,453  

Dunelm Group PLC

     515,001        3,807,277  

Elegant Hotels Group PLC(a)

     1,104,277        1,332,209  

Elementis PLC

     978,595        4,055,172  

EMIS Group PLC

     89,834        1,023,275  

Epwin Group PLC(a)

     461,106        508,092  

Equiniti Group PLC(b)

     412,450        1,727,076  

Essentra PLC

     447,708        2,661,654  

esure Group PLC

     248,478        754,295  

Euromoney Institutional Investor PLC

     145,558        2,499,270  

FDM Group Holdings PLC

     156,747        2,242,824  

Fenner PLC

     828,404        7,077,098  

Ferrexpo PLC

     253,305        868,086  

Fidessa Group PLC

     38,238        1,965,916  

Galliford Try PLC

     215,344        2,522,406  

Games Workshop Group PLC

     104,729        3,386,364  

Gamma Communications PLC

     84,616        830,895  

Gattaca PLC(a)

     199,009        551,360  

Genus PLC

     56,812      1,856,914  

Go-Ahead Group PLC

     113,885        2,802,153  

Greggs PLC

     217,727        3,753,703  

Halfords Group PLC

     314,037        1,436,131  

Hastings Group Holdings PLC(b)

     835,526        3,066,150  

Helical PLC

     176,621        800,278  

Henry Boot PLC

     310,586        1,285,286  

Hill & Smith Holdings PLC

     172,216        3,210,659  

Hilton Food Group PLC

     76,721        893,281  

Huntsworth PLC

     882,963        1,176,689  

Ibstock PLC(b)

     541,479        2,142,035  

ITE Group PLC

     440,773        965,810  

J D Wetherspoon PLC

     83,306        1,331,054  

James Fisher & Sons PLC

     64,114        1,413,843  

James Halstead PLC

     255,671        1,488,419  

John Laing Group PLC(b)

     597,662        2,258,650  

John Menzies PLC

     100,673        886,887  

Johnson Service Group PLC

     622,047        1,181,511  

Just Group PLC

     1,024,440        1,957,309  

Kcom Group PLC

     1,419,483        1,833,942  

Keller Group PLC

     80,864        986,893  

Kier Group PLC

     60,566        793,970  

Lookers PLC

     674,958        825,637  

Low & Bonar PLC

     1,105,544        868,480  

M&C Saatchi PLC(a)

     130,117        731,938  

Marshalls PLC

     292,034        1,713,220  

Marston’s PLC

     1,446,249        2,047,057  

McBride PLC*

     314,021        696,885  

McCarthy & Stone PLC(b)

     918,116        1,861,063  

McColl’s Retail Group PLC

     446,314        1,408,701  

Millennium & Copthorne Hotels PLC

     210,757        1,587,640  

Mitchells & Butlers PLC

     386,125        1,350,890  

Moneysupermarket.com Group PLC

     750,868        3,020,915  

Morgan Advanced Materials PLC

     383,490        1,712,864  

Morgan Sindall Group PLC

     41,510        681,294  

N Brown Group PLC

     446,374        1,105,196  

National Express Group PLC

     1,016,876        5,520,453  

NCC Group PLC

     333,353        879,608  

Northgate PLC

     237,563        1,125,730  

Numis Corp. PLC

     293,216        1,501,330  

OneSavings Bank PLC

     329,913        1,726,251  

Oxford Instruments PLC

     54,866        570,318  

Pagegroup PLC

     1,163,990        8,760,214  

Pan African Resources PLC

     7,444,658        748,789  

PayPoint PLC

     89,346        1,000,170  

Pendragon PLC

     2,360,168        768,116  

Pets at Home Group PLC(a)

     1,307,562        3,099,879  

Photo-Me International PLC

     1,180,895        2,726,697  

Polar Capital Holdings PLC

     148,738        1,072,459  

Polypipe Group PLC

     227,395        1,110,084  

QinetiQ Group PLC

     610,465        1,766,671  

Rank Group PLC

     811,233        2,349,965  

Redde PLC

     1,047,800        2,472,294  

Redrow PLC

     362,892        3,031,481  

 

See Notes to Financial Statements.

 

96   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Renewi PLC

     899,932      $ 946,818  

Restaurant Group PLC (The)(a)

     395,114        1,406,727  

Ricardo PLC

     106,100        1,363,348  

Rotork PLC

     1,006,917        4,015,747  

RPS Group PLC

     209,970        751,092  

RWS Holdings PLC

     479,761        2,974,699  

Safestore Holdings PLC

     243,764        1,678,985  

Savills PLC

     209,502        2,884,525  

Senior PLC

     179,713        757,817  

SIG PLC

     707,655        1,343,121  

Soco International PLC

     1,065,265        1,371,817  

Spire Healthcare Group PLC(b)

     137,759        404,276  

Spirent Communications PLC

     733,119        1,186,796  

St. Modwen Properties PLC

     200,476        1,089,476  

SThree PLC

     329,837        1,494,506  

Stock Spirits Group PLC

     518,214        1,806,472  

Superdry PLC

     135,991        2,977,891  

Synthomer PLC

     397,998        2,677,662  

TalkTalk Telecom Group PLC(a)

     4,604,200        7,479,258  

TBC Bank Group PLC

     47,072        1,215,000  

Ted Baker PLC

     53,194        1,865,514  

Telecom Plus PLC

     174,348        2,988,711  

Thomas Cook Group PLC

     530,993        880,445  

Topps Tiles PLC

     681,633        745,832  

TT electronics PLC

     230,740        644,127  

Tyman PLC

     135,954        568,335  

U & I Group PLC

     297,467        815,378  

Ultra Electronics Holdings PLC

     93,104        1,806,285  

Unite Group PLC (The)

     395,128        4,387,170  

Vedanta Resources PLC

     881,914        8,749,117  

Vertu Motors PLC

     1,093,939        669,076  

Vesuvius PLC

     603,118        4,936,725  

Victrex PLC

     144,716        5,213,235  

Virgin Money Holdings UK PLC

     259,827        957,867  

Volution Group PLC

     364,884        1,005,803  

WH Smith PLC

     170,441        4,657,563  

Wincanton PLC

     165,581        508,687  

Xaar PLC

     205,671        967,969  

ZPG PLC(b)

     321,371        1,514,753  
     

 

 

 
Total United Kingdom               299,914,277  

TOTAL COMMON STOCKS

(Cost: $1,535,554,357)

              1,919,721,574  
RIGHTS – 0.1%  
Italy – 0.1%  

Anima Holding SpA, expiring 4/12/18*

     493,118        188,003  

Immobiliare Grande Distribuzione SIIQ SpA, expiring 4/13/18*

     166,457        176,998  
     

 

 

 
Total Italy               365,001  
United Kingdom – 0.0%  

Galliford Try PLC, expiring 4/13/18*

     71,781        281,946  

TOTAL RIGHTS

(Cost: $0)

              646,947  
EXCHANGE-TRADED FUNDS – 0.4%  
United States – 0.4%  

WisdomTree Europe SmallCap Dividend Fund(c)

    55,780      3,899,580  

WisdomTree Japan SmallCap Dividend Fund(a)(c)

    39,593        3,220,099  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $6,949,065)

             7,119,679  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.3%  
United States – 6.3%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d)

    
(Cost: $122,756,009)(e)     122,756,009        122,756,009  

TOTAL INVESTMENTS IN SECURITIES – 105.7%

(Cost: $1,665,259,431)

 

 

     2,050,244,209  

Other Assets less Liabilities – (5.7)%

       (109,777,090
    

 

 

 
NET ASSETS – 100.0%            $ 1,940,467,119  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $180,926,916 and the total market value of the collateral held by the Fund was $191,363,123. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $68,607,114.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      97  


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%  
Japan – 99.0%  
Air Freight & Logistics – 0.0%  

Kintetsu World Express, Inc.

     118,000      $ 2,216,869  
Airlines – 0.6%  

Japan Airlines Co., Ltd.

     981,500        39,518,411  
Auto Components – 6.3%  

Aisan Industry Co., Ltd.

     117,700        1,260,557  

Aisin Seiki Co., Ltd.

     619,608        33,674,981  

Bridgestone Corp.

     2,319,885        100,866,462  

Daikyonishikawa Corp.

     117,100        1,920,286  

Denso Corp.

     2,081,079        113,886,975  

Eagle Industry Co., Ltd.

     117,200        2,056,372  

Exedy Corp.

     117,400        3,703,592  

FCC Co., Ltd.

     117,200        3,293,943  

G-Tekt Corp.

     55,100        1,061,070  

H-One Co., Ltd.(a)

     75,400        984,773  

Keihin Corp.

     96,000        1,957,010  

Koito Manufacturing Co., Ltd.

     131,401        9,118,377  

KYB Corp.

     105,700        5,019,135  

Mitsuba Corp.

     77,200        992,312  

Musashi Seimitsu Industry Co., Ltd.

     103,400        3,495,280  

NGK Spark Plug Co., Ltd.

     329,464        7,939,974  

NHK Spring Co., Ltd.

     390,700        4,132,934  

Nifco, Inc.(a)

     257,690        8,795,625  

Nissin Kogyo Co., Ltd.

     239,100        4,132,259  

NOK Corp.(a)

     223,800        4,347,633  

Pacific Industrial Co., Ltd.

     281,700        3,880,494  

Press Kogyo Co., Ltd.

     153,300        912,448  

Shoei Co., Ltd.(a)

     31,700        1,238,491  

Stanley Electric Co., Ltd.

     210,707        7,786,352  

Sumitomo Electric Industries Ltd.

     1,778,683        27,152,721  

Sumitomo Riko Co., Ltd.(a)

     165,000        1,670,945  

Sumitomo Rubber Industries Ltd.

     826,091        15,162,479  

Tachi-S Co., Ltd.

     95,000        1,699,906  

Taiho Kogyo Co., Ltd.

     84,500        1,206,916  

Tokai Rika Co., Ltd.(a)

     117,414        2,405,690  

Topre Corp.

     117,700        3,408,707  

Toyo Tire & Rubber Co., Ltd.

     161,400        2,780,299  

Toyoda Gosei Co., Ltd.

     306,600        7,132,378  

Toyota Boshoku Corp.

     442,336        9,083,797  

TPR Co., Ltd.

     64,294        1,858,994  

TS Tech Co., Ltd.

     167,932        6,655,697  

Unipres Corp.

     81,700        1,848,333  

Yokohama Rubber Co., Ltd. (The)

     358,100        8,293,374  

Yorozu Corp.

     117,800        1,983,825  
     

 

 

 
Total Auto Components               418,801,396  
Automobiles – 14.1%  

Honda Motor Co., Ltd.

     5,300,247        182,406,244  

Isuzu Motors Ltd.

     2,024,900        31,073,219  

Mazda Motor Corp.

     1,246,415        16,484,087  

Mitsubishi Motors Corp.(a)

     1,353,701        9,686,568  

Nissan Motor Co., Ltd.(a)

     18,858,904        195,770,851  

Subaru Corp.(a)

     2,916,867      95,638,131  

Suzuki Motor Corp.

     421,336        22,701,037  

Toyota Motor Corp.

     5,524,970        354,564,365  

Yamaha Motor Co., Ltd.

     688,600        20,590,014  
     

 

 

 
Total Automobiles               928,914,516  
Banks – 9.1%  

Mitsubishi UFJ Financial Group, Inc.

     34,563,922        226,526,127  

Mizuho Financial Group, Inc.

     92,395,344        166,285,556  

Sumitomo Mitsui Financial Group, Inc.

     4,925,300        206,459,684  
     

 

 

 
Total Banks               599,271,367  
Beverages – 0.9%  

Kirin Holdings Co., Ltd.

     1,456,745        38,798,592  

Suntory Beverage & Food Ltd.

     401,000        19,493,841  

Takara Holdings, Inc.(a)

     146,100        1,622,417  
     

 

 

 
Total Beverages               59,914,850  
Building Products – 1.7%  

Aica Kogyo Co., Ltd.

     118,400        4,386,422  

Asahi Glass Co., Ltd.

     501,447        20,769,855  

Central Glass Co., Ltd.

     117,800        2,744,790  

Daikin Industries Ltd.

     354,349        39,100,005  

LIXIL Group Corp.

     762,900        17,044,197  

Nitto Boseki Co., Ltd.

     117,900        2,501,010  

Noritz Corp.

     106,200        1,919,289  

Okabe Co., Ltd.

     125,800        1,179,338  

Sanwa Holdings Corp.

     590,431        7,622,583  

Sinko Industries Ltd.

     49,600        778,862  

TOTO Ltd.

     322,300        17,001,439  
     

 

 

 
Total Building Products               115,047,790  
Capital Markets – 1.0%  

GCA Corp.(a)

     117,800        1,006,866  

Monex Group, Inc.

     562,096        1,828,728  

Nomura Holdings, Inc.

     10,720,145        62,022,616  
     

 

 

 
Total Capital Markets               64,858,210  
Chemicals – 6.7%  

ADEKA Corp.

     149,400        2,694,398  

Asahi Kasei Corp.

     2,833,822        37,278,016  

Chugoku Marine Paints Ltd.

     109,500        1,074,922  

Daicel Corp.

     816,042        8,916,228  

Denka Co., Ltd.

     228,815        7,670,197  

DIC Corp.

     280,053        9,387,766  

Fujimi, Inc.

     117,800        2,553,164  

Hitachi Chemical Co., Ltd.

     354,615        8,085,956  

JSP Corp.(a)

     70,700        2,217,062  

JSR Corp.

     585,800        13,181,188  

Kaneka Corp.

     864,000        8,570,945  

Kansai Paint Co., Ltd.(a)

     226,200        5,270,556  

KH Neochem Co., Ltd.

     83,900        2,520,550  

Kumiai Chemical Industry Co., Ltd.

     118,200        713,535  

Kuraray Co., Ltd.

     761,237        12,941,387  

Kureha Corp.

     75,900        4,945,811  

Lintec Corp.

     121,647        3,534,454  

Mitsubishi Chemical Holdings Corp.

     3,230,263        31,300,292  

 

See Notes to Financial Statements.

 

98   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Mitsubishi Gas Chemical Co., Inc.

     450,082      $ 10,787,579  

Mitsui Chemicals, Inc.

     474,115        14,956,801  

Nihon Nohyaku Co., Ltd.(a)

     354,900        2,089,021  

Nihon Parkerizing Co., Ltd.

     140,100        2,289,551  

Nippon Kayaku Co., Ltd.

     461,900        5,676,571  

Nippon Paint Holdings Co., Ltd.

     336,000        12,337,377  

Nippon Shokubai Co., Ltd.

     117,200        7,956,596  

Nippon Soda Co., Ltd.

     500,000        2,830,277  

Nissan Chemical Industries Ltd.

     160,853        6,685,193  

Nitto Denko Corp.

     296,674        22,255,432  

NOF Corp.

     117,500        3,474,730  

Okamoto Industries, Inc.

     68,000        698,223  

Osaka Soda Co., Ltd.(a)

     74,800        1,976,380  

Sakata INX Corp.

     59,100        865,800  

Sanyo Chemical Industries Ltd.

     117,900        5,526,389  

Shin-Etsu Chemical Co., Ltd.

     521,079        53,920,775  

Showa Denko K.K.

     175,131        7,410,338  

Sumitomo Bakelite Co., Ltd.

     529,000        4,670,719  

Sumitomo Chemical Co., Ltd.

     3,656,485        21,316,603  

Sumitomo Seika Chemicals Co., Ltd.

     16,800        804,062  

T Hasegawa Co., Ltd.

     55,300        1,047,242  

Taiyo Holdings Co., Ltd.

     101,726        4,371,301  

Taiyo Nippon Sanso Corp.

     836,253        12,667,641  

Teijin Ltd.

     519,100        9,766,987  

Tokai Carbon Co., Ltd.

     194,700        3,022,564  

Tokyo Ohka Kogyo Co., Ltd.

     76,500        2,744,217  

Toray Industries, Inc.(a)

     2,462,418        23,304,407  

Tosoh Corp.

     611,507        12,005,892  

Toyo Ink SC Holdings Co., Ltd.

     1,115,000        6,919,605  

Toyobo Co., Ltd.

     200,551        3,958,219  

Ube Industries Ltd.(a)

     263,300        7,687,320  

Zeon Corp.

     325,100        4,701,493  
     

 

 

 
Total Chemicals               443,581,732  
Commercial Services & Supplies – 0.1%  

Mitsubishi Pencil Co., Ltd.

     39,600        892,908  

Pilot Corp.

     26,800        1,494,349  

Sato Holdings Corp.

     43,900        1,389,032  
     

 

 

 
Total Commercial Services & Supplies               3,776,289  
Construction & Engineering – 0.9%  

JGC Corp.(a)

     404,100        8,792,547  

Kajima Corp.

     2,349,000        21,800,310  

Obayashi Corp.

     1,446,700        15,834,121  

Penta-Ocean Construction Co., Ltd.

     487,400        3,570,142  

Sumitomo Densetsu Co., Ltd.

     57,700        1,155,628  

Taikisha Ltd.

     117,700        3,851,397  

Toshiba Plant Systems & Services Corp.

     118,800        2,561,433  
     

 

 

 
Total Construction & Engineering               57,565,578  
Construction Materials – 0.1%  

Krosaki Harima Corp.

     21,400        1,014,161  

Taiheiyo Cement Corp.

     245,400        8,918,392  
     

 

 

 
Total Construction Materials               9,932,553  
Consumer Finance – 0.0%  

J Trust Co., Ltd.(a)

     218,900      1,436,692  
Containers & Packaging – 0.1%  

Fuji Seal International, Inc.(a)

     101,482        4,103,174  
Electrical Equipment – 2.0%  

Cosel Co., Ltd.

     67,900        946,195  

Daihen Corp.(a)

     370,000        2,842,407  

Fuji Electric Co., Ltd.

     1,174,869        7,998,168  

Fujikura Ltd.

     213,677        1,450,633  

Furukawa Electric Co., Ltd.

     100,581        5,400,259  

GS Yuasa Corp.

     813,920        4,438,868  

Idec Corp.(a)

     52,000        1,260,517  

Mabuchi Motor Co., Ltd.

     117,800        5,804,156  

Mitsubishi Electric Corp.

     3,513,714        56,216,120  

Nidec Corp.

     224,458        34,592,070  

Nippon Carbon Co., Ltd.(a)

     40,500        2,056,417  

Nissin Electric Co., Ltd.

     168,000        1,557,574  

Sanyo Denki Co., Ltd.

     56,600        4,374,725  

Ushio, Inc.

     120,100        1,612,626  
     

 

 

 
Total Electrical Equipment               130,550,735  
Electronic Equipment, Instruments & Components – 4.5%  

Ai Holdings Corp.

     30,800        858,114  

Alps Electric Co., Ltd.(a)

     121,700        2,984,425  

Amano Corp.

     166,033        4,482,188  

Anritsu Corp.

     266,300        3,290,251  

Canon Electronics, Inc.

     168,200        3,740,414  

Citizen Watch Co., Ltd.

     595,385        4,277,143  

Dexerials Corp.

     391,400        4,066,732  

ESPEC Corp.

     55,100        1,315,976  

Hakuto Co., Ltd.

     86,419        1,269,266  

Hamamatsu Photonics K.K.

     173,700        6,565,811  

Hirose Electric Co., Ltd.

     84,060        11,555,780  

Hitachi High-Technologies Corp.

     225,219        10,715,638  

Hitachi Ltd.

     8,930,028        64,722,760  

Horiba Ltd.

     81,800        6,337,866  

Ibiden Co., Ltd.(a)

     136,301        2,028,815  

Iriso Electronics Co., Ltd.(a)

     25,800        1,584,147  

Japan Aviation Electronics Industry Ltd.(a)

     165,000        2,334,979  

Keyence Corp.

     28,420        17,647,925  

Macnica Fuji Electronics Holdings, Inc.

     92,100        1,661,870  

Marubun Corp.

     47,800        442,717  

Murata Manufacturing Co., Ltd.

     317,556        43,505,321  

Nippon Electric Glass Co., Ltd.

     198,560        5,899,855  

Nissha Co., Ltd.(a)

     56,200        1,507,650  

Oki Electric Industry Co., Ltd.(a)

     390,830        5,185,342  

Omron Corp.

     287,400        16,917,010  

Optex Group Co., Ltd.

     48,000        1,268,716  

Osaki Electric Co., Ltd.

     109,000        797,386  

Ryosan Co., Ltd.(a)

     169,045        6,095,793  

Sanshin Electronics Co., Ltd.

     117,254        2,402,412  

Satori Electric Co., Ltd.

     117,100        1,205,684  

Shimadzu Corp.

     354,600        9,976,147  

Siix Corp.(a)

     121,200        2,676,999  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      99  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

SMK Corp.(a)

     479,000      $ 1,990,766  

Sumida Corp.(a)

     117,300        1,517,676  

Taiyo Yuden Co., Ltd.(a)

     108,900        1,846,231  

TDK Corp.

     195,768        17,653,175  

Topcon Corp.

     117,300        2,290,852  

UKC Holdings Corp.

     47,100        980,530  

Vitec Holdings Co., Ltd.

     74,900        1,540,961  

Yaskawa Electric Corp.

     221,600        10,053,785  

Yokogawa Electric Corp.

     354,238        7,321,252  
     

 

 

 
Total Electronic Equipment, Instruments & Components        294,516,360  
Energy Equipment & Services – 0.0%  

Modec, Inc.

     118,100        2,952,778  
Food & Staples Retailing – 1.1%  

Ministop Co., Ltd.

     117,400        2,405,403  

Seven & I Holdings Co., Ltd.

     1,709,624        73,368,349  
     

 

 

 
Total Food & Staples Retailing               75,773,752  
Food Products – 0.8%  

Ajinomoto Co., Inc.

     617,013        11,168,312  

Ariake Japan Co., Ltd.

     12,300        985,388  

Fuji Oil Holdings, Inc.

     117,100        3,534,471  

Kagome Co., Ltd.

     68,800        2,416,248  

Kikkoman Corp.(a)

     241,900        9,735,139  

Nippon Suisan Kaisha Ltd.

     327,500        1,699,859  

Nisshin Oillio Group Ltd. (The)

     128,581        3,536,431  

Nissin Foods Holdings Co., Ltd.

     117,600        8,160,677  

Sakata Seed Corp.

     60,439        2,139,660  

Toyo Suisan Kaisha Ltd.

     117,300        4,549,718  

Yakult Honsha Co., Ltd.

     105,787        7,828,337  
     

 

 

 
Total Food Products               55,754,240  
Health Care Equipment & Supplies – 1.3%  

Asahi Intecc Co., Ltd.

     93,200        3,693,822  

Hoya Corp.

     567,557        28,311,141  

Jeol Ltd.(a)

     231,000        2,126,460  

Nakanishi, Inc.

     129,900        2,645,636  

Nihon Kohden Corp.

     122,300        3,405,081  

Nikkiso Co., Ltd.

     117,700        1,226,249  

Nipro Corp.(a)

     349,400        5,049,627  

Olympus Corp.

     202,100        7,677,330  

Sysmex Corp.

     158,760        14,390,657  

Terumo Corp.

     325,056        17,085,689  
     

 

 

 
Total Health Care Equipment & Supplies               85,611,692  
Health Care Providers & Services – 0.1%  

Miraca Holdings, Inc.

     87,800        3,430,268  
Health Care Technology – 0.1%  

M3, Inc.

     117,700        5,290,136  
Hotels, Restaurants & Leisure – 0.0%  

Saizeriya Co., Ltd.

     101,400        2,888,970  
Household Durables – 2.1%  

Alpine Electronics, Inc.(a)

     125,200        2,360,376  

Casio Computer Co., Ltd.(a)

     547,557        8,165,730  

Clarion Co., Ltd.

     196,000        611,867  

Foster Electric Co., Ltd.

     117,196      2,864,057  

Fujitsu General Ltd.

     117,100        2,095,358  

JVC Kenwood Corp.

     435,400        1,453,380  

Nikon Corp.

     354,800        6,325,348  

Panasonic Corp.

     4,133,770        59,120,491  

Rinnai Corp.

     71,200        6,761,824  

Sekisui Chemical Co., Ltd.

     887,500        15,488,481  

Sony Corp.

     605,000        29,274,377  

Tamron Co., Ltd.

     46,600        981,514  
     

 

 

 
Total Household Durables               135,502,803  
Household Products – 0.3%  

Lion Corp.

     117,700        2,371,708  

Pigeon Corp.

     118,700        5,362,985  

Unicharm Corp.

     324,500        9,242,224  
     

 

 

 
Total Household Products               16,976,917  
Independent Power & Renewable Electricity Producers – 0.2%  

Electric Power Development Co., Ltd.

     503,900        12,707,661  
Industrial Conglomerates – 0.1%  

Nisshinbo Holdings, Inc.

     530,024        7,131,776  
Insurance – 2.2%  

Dai-ichi Life Holdings, Inc.

     2,624,200        47,931,439  

Tokio Marine Holdings, Inc.(a)

     2,178,100        96,975,115  
     

 

 

 
Total Insurance               144,906,554  
Internet & Catalog Retail – 0.0%  

Rakuten, Inc.

     203,800        1,722,958  
IT Services – 0.4%  

Fujitsu Ltd.

     1,991,328        12,260,664  

NTT Data Corp.

     1,602,400        17,056,105  
     

 

 

 
Total IT Services               29,316,769  
Leisure Products – 0.7%  

Bandai Namco Holdings, Inc.

     362,700        11,919,478  

Mizuno Corp.

     82,000        2,490,456  

Shimano, Inc.

     102,600        14,799,097  

Tomy Co., Ltd.

     117,300        1,204,434  

Yamaha Corp.

     286,407        12,590,059  
     

 

 

 
Total Leisure Products               43,003,524  
Machinery – 8.0%  

Aida Engineering Ltd.

     187,800        2,270,906  

Amada Holdings Co., Ltd.

     1,216,193        14,775,001  

Anest Iwata Corp.

     118,000        1,279,304  

Asahi Diamond Industrial Co., Ltd.

     114,100        1,201,617  

CKD Corp.

     54,100        1,204,087  

Daifuku Co., Ltd.

     163,400        9,787,099  

DMG Mori Co., Ltd.

     162,800        3,043,220  

Ebara Corp.

     177,531        6,451,879  

FANUC Corp.

     354,989        89,990,629  

Fujitec Co., Ltd.

     117,100        1,541,514  

Furukawa Co., Ltd.

     118,300        2,208,044  

Glory Ltd.

     119,000        4,246,403  

Harmonic Drive Systems, Inc.(a)

     49,500        2,843,865  

Hino Motors Ltd.(a)

     1,047,110        13,479,018  

 

See Notes to Financial Statements.

 

100   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Hitachi Construction Machinery Co., Ltd.(a)

     126,500      $ 4,882,769  

Hitachi Zosen Corp.

     117,500        602,139  

Hoshizaki Corp.

     57,169        5,020,766  

Japan Steel Works Ltd. (The)

     178,400        5,695,045  

JTEKT Corp.

     758,178        11,235,435  

Juki Corp.

     117,700        1,654,551  

Kawasaki Heavy Industries Ltd.

     269,251        8,709,200  

Kito Corp.

     89,200        1,664,899  

Kitz Corp.

     353,700        3,039,791  

Komatsu Ltd.

     2,019,906        67,368,186  

Kubota Corp.

     2,006,702        35,133,795  

Kurita Water Industries Ltd.

     215,500        6,838,858  

Makino Milling Machine Co., Ltd.

     366,000        3,434,584  

Makita Corp.

     354,538        17,335,191  

Meidensha Corp.

     586,000        2,237,104  

MINEBEA MITSUMI, Inc.

     354,901        7,581,900  

Mitsubishi Heavy Industries Ltd.(a)

     864,819        33,129,032  

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

     117,231        1,907,002  

Miura Co., Ltd.

     55,600        1,754,001  

Nabtesco Corp.

     203,400        7,851,030  

Nachi-Fujikoshi Corp.

     679,000        4,124,438  

NGK Insulators Ltd.

     502,675        8,668,603  

Nissei ASB Machine Co., Ltd.(a)

     52,200        3,627,250  

Nitta Corp.

     109,300        4,064,706  

NSK Ltd.

     1,445,666        19,384,294  

NTN Corp.(a)

     1,050,200        4,384,474  

Obara Group, Inc.

     77,600        4,596,897  

Oiles Corp.

     118,800        2,530,155  

OKUMA Corp.

     84,800        4,991,519  

OSG Corp.

     280,224        6,434,481  

Ryobi Ltd.

     118,900        3,133,772  

Shima Seiki Manufacturing Ltd.(a)

     56,500        3,926,046  

Shinmaywa Industries Ltd.

     118,200        972,496  

SMC Corp.

     63,651        25,777,608  

Sodick Co., Ltd.(a)

     208,200        2,727,058  

Star Micronics Co., Ltd.(a)

     117,300        2,184,968  

Sumitomo Heavy Industries Ltd.

     261,937        9,938,089  

Tadano Ltd.

     310,300        4,653,771  

Takeuchi Manufacturing Co., Ltd.

     91,500        2,043,371  

THK Co., Ltd.

     188,179        7,785,497  

Toshiba Machine Co., Ltd.

     639,000        4,494,330  

Tsubaki Nakashima Co., Ltd.

     167,400        4,338,076  

Tsubakimoto Chain Co.

     723,000        5,887,334  

Tsugami Corp.(a)

     206,000        2,591,707  

Union Tool Co.

     35,700        1,260,494  

YAMABIKO Corp.

     75,600        988,807  

Yushin Precision Equipment Co., Ltd.(a)

     171,400        2,783,336  
     

 

 

 
Total Machinery               529,691,441  
Marine – 0.0%  

Iino Kaiun Kaisha Ltd.

     354,300        1,695,709  
Media – 0.3%  

Dentsu, Inc.

     407,300        17,885,200  
Metals & Mining – 1.7%  

Aichi Steel Corp.

     117,200      4,804,814  

Daido Steel Co., Ltd.

     118,000        6,035,919  

Hitachi Metals Ltd.

     679,318        8,035,562  

JFE Holdings, Inc.

     929,062        18,725,382  

Kyoei Steel Ltd.(a)

     189,800        3,273,091  

Maruichi Steel Tube Ltd.(a)

     139,800        4,278,787  

Mitsubishi Materials Corp.

     207,500        6,243,536  

Mitsubishi Steel Manufacturing Co., Ltd.

     70,800        1,629,698  

Mitsui Mining & Smelting Co., Ltd.

     102,900        4,673,315  

Nippon Steel & Sumitomo Metal Corp.

     1,609,300        35,356,177  

Sanyo Special Steel Co., Ltd.

     129,000        3,238,646  

Sumitomo Metal Mining Co., Ltd.

     238,000        10,025,764  

Topy Industries Ltd.

     117,400        3,422,097  

Toyo Kohan Co., Ltd.

     115,700        776,773  

UACJ Corp.(a)

     117,700        3,021,354  
     

 

 

 
Total Metals & Mining               113,540,915  
Multiline Retail – 0.2%  

Ryohin Keikaku Co., Ltd.

     33,800        11,346,121  
Oil, Gas & Consumable Fuels – 0.1%  

Idemitsu Kosan Co., Ltd.

     254,800        9,691,265  
Paper & Forest Products – 0.1%  

Oji Holdings Corp.

     1,530,000        9,840,338  
Personal Products – 1.2%  

Kao Corp.

     683,080        51,261,509  

Kose Corp.

     56,300        11,789,384  

Mandom Corp.

     117,100        4,040,969  

Shiseido Co., Ltd.

     231,022        14,799,745  
     

 

 

 
Total Personal Products               81,891,607  
Pharmaceuticals – 7.7%  

Astellas Pharma, Inc.

     5,298,104        80,405,641  

Chugai Pharmaceutical Co., Ltd.

     749,700        37,925,585  

Daiichi Sankyo Co., Ltd.

     2,055,221        68,140,190  

Eisai Co., Ltd.(a)

     762,677        48,629,175  

Hisamitsu Pharmaceutical Co., Inc.

     117,300        9,088,406  

Kyowa Hakko Kirin Co., Ltd.

     642,570        14,120,227  

Mitsubishi Tanabe Pharma Corp.

     1,104,500        21,601,881  

Otsuka Holdings Co., Ltd.

     1,142,100        57,228,499  

Rohto Pharmaceutical Co., Ltd.

     48,300        1,351,128  

Santen Pharmaceutical Co., Ltd.

     661,600        10,668,961  

Seikagaku Corp.(a)

     117,400        2,141,570  

Shionogi & Co., Ltd.

     378,077        19,520,647  

Sumitomo Dainippon Pharma Co., Ltd.(a)

     386,000        6,482,332  

Takeda Pharmaceutical Co., Ltd.(a)

     2,581,663        125,818,141  

ZERIA Pharmaceutical Co., Ltd.

     140,300        2,807,319  
     

 

 

 
Total Pharmaceuticals               505,929,702  
Professional Services – 0.7%  

Outsourcing, Inc.

     70,900        1,268,000  

Recruit Holdings Co., Ltd.

     1,795,600        44,649,405  

Weathernews, Inc.

     53,900        1,710,508  
     

 

 

 
Total Professional Services               47,627,913  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      101  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Road & Rail – 0.2%  

Hitachi Transport System Ltd.

     117,600      $ 3,306,290  

Nippon Express Co., Ltd.

     161,600        10,818,919  
     

 

 

 
Total Road & Rail               14,125,209  
Semiconductors & Semiconductor Equipment – 1.9%  

Advantest Corp.(a)

     189,300        3,967,557  

Disco Corp.

     78,600        16,961,636  

Lasertec Corp.

     87,500        3,216,972  

MegaChips Corp.*(a)

     65,000        2,340,856  

NuFlare Technology, Inc.

     18,200        1,155,148  

Rohm Co., Ltd.

     129,600        12,344,598  

SCREEN Holdings Co., Ltd.

     69,460        6,374,515  

Shindengen Electric Manufacturing Co., Ltd.

     23,200        1,533,578  

Shinko Electric Industries Co., Ltd.

     118,400        887,304  

SUMCO Corp.

     126,800        3,326,488  

Tokyo Electron Ltd.

     349,953        65,860,924  

Tokyo Seimitsu Co., Ltd.

     118,800        4,797,800  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        122,767,376  
Software – 1.8%  

Capcom Co., Ltd.

     233,800        5,054,125  

Koei Tecmo Holdings Co., Ltd.

     230,500        4,503,799  

Konami Holdings Corp.

     118,300        6,218,119  

Nintendo Co., Ltd.

     166,800        73,495,515  

Square Enix Holdings Co., Ltd.

     117,300        5,371,425  

Trend Micro, Inc.

     354,408        21,161,173  
     

 

 

 
Total Software               115,804,156  
Specialty Retail – 0.9%  

ABC-Mart, Inc.

     165,800        10,928,613  

Fast Retailing Co., Ltd.

     100,300        40,780,179  

Honeys Holdings Co., Ltd.

     117,800        1,128,709  

Sanrio Co., Ltd.(a)

     429,000        7,797,433  

VT Holdings Co., Ltd.(a)

     354,000        1,807,447  
     

 

 

 
Total Specialty Retail               62,442,381  
Technology Hardware, Storage & Peripherals – 4.7%  

Brother Industries Ltd.

     477,543        11,104,503  

Canon, Inc.

     5,092,297        184,491,023  

FUJIFILM Holdings Corp.

     857,795        34,239,208  

Konica Minolta, Inc.(a)

     1,430,638        12,268,377  

Maxell Holdings Ltd.

     118,000        2,298,975  

MCJ Co., Ltd.

     74,300        962,721  

NEC Corp.(a)

     625,200        17,583,199  

Ricoh Co., Ltd.(a)

     2,644,878        26,137,910  

Riso Kagaku Corp.

     117,700        2,192,418  

Roland DG Corp.

     34,200        787,549  

Seiko Epson Corp.(a)

     930,800        16,550,473  

Toshiba TEC Corp.

     159,000        938,900  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        309,555,256  
Textiles, Apparel & Luxury Goods – 0.3%  

Asics Corp.

     165,392        3,062,124  

Descente Ltd.

     117,981        1,862,624  

Gunze Ltd.

     24,100        1,366,460  

Kurabo Industries Ltd.

    319,472      1,006,329  

Onward Holdings Co., Ltd.(a)

    471,000        4,087,757  

Seiko Holdings Corp.

    117,200        2,836,604  

Seiren Co., Ltd.

    115,310        2,154,405  

Wacoal Holdings Corp.

    157,400        4,558,458  
    

 

 

 
Total Textiles, Apparel & Luxury Goods        20,934,761  
Tobacco – 2.8%  

Japan Tobacco, Inc.

    6,331,031        182,519,427  
Trading Companies & Distributors – 8.3%  

Alconix Corp.(a)

    117,200        2,346,204  

Daiichi Jitsugyo Co., Ltd.

    30,000        870,240  

Hanwa Co., Ltd.

    151,700        6,390,371  

Inabata & Co., Ltd.

    99,286        1,508,662  

ITOCHU Corp.(a)

    5,693,694        110,634,872  

Marubeni Corp.

    5,689,978        41,191,482  

MISUMI Group, Inc.

    175,700        4,825,761  

Mitsubishi Corp.

    5,486,800        147,656,056  

Mitsui & Co., Ltd.(a)

    6,377,889        109,296,687  

Nagase & Co., Ltd.

    353,600        6,001,392  

Nippon Steel & Sumikin Bussan Corp.

    118,400        6,557,367  

Sojitz Corp.(a)

    3,535,421        11,335,953  

Sumitomo Corp.(a)

    4,310,677        72,594,476  

Toyota Tsusho Corp.

    773,010        26,203,113  
    

 

 

 
Total Trading Companies & Distributors        547,412,636  
Wireless Telecommunication Services – 0.6%  

SoftBank Group Corp.

    532,600        39,813,540  
TOTAL COMMON STOCKS
(Cost: $5,778,621,088)
       6,541,492,273  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.9%  
United States – 5.9%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

    
(Cost: $391,503,379)(c)     391,503,379        391,503,379  
TOTAL INVESTMENTS IN SECURITIES – 104.9%
(Cost: $6,170,124,467)
       6,932,995,652  

Other Assets less Liabilities – (4.9)%

       (325,995,973
    

 

 

 
NET ASSETS – 100.0%            $ 6,606,999,679  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $542,027,489 and the total market value of the collateral held by the Fund was $575,194,221. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $183,690,842. Total securities on loan may not correspond with the amounts identified in the Schedule of Investments because pending sales of securities on loan may be in the process of recall from the borrower.

 

See Notes to Financial Statements.

 

102   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2018

 

  

 

 

 

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     4/4/2018       34,940,762,371       JPY       328,591,361       USD     $     $ (25,536
BNP Paribas SA     4/4/2018       379,684,796       USD       40,539,135,511       JPY             (1,525,390
BNP Paribas SA     5/7/2018       328,591,361       USD       34,868,307,976       JPY       111,439        
Bank of America N.A.     4/4/2018       7,752,071,192       JPY       73,213,420       USD             (316,737
Bank of America N.A.     4/4/2018       41,966,374,240       JPY       394,309,633       USD       321,607        
Bank of America N.A.     4/4/2018       455,621,755       USD       48,650,744,252       JPY             (1,866,028
Bank of America N.A.     5/7/2018       394,309,633       USD       41,881,203,359       JPY             (235,879
Bank of Montreal     4/4/2018       34,955,548,983       JPY       328,591,361       USD       113,510        
Bank of Montreal     4/4/2018       379,684,796       USD       40,549,880,591       JPY             (1,626,431
Bank of Montreal     5/7/2018       328,591,361       USD       34,883,850,348       JPY             (34,979
Barclays Bank PLC     4/4/2018       48,923,967,696       JPY       460,027,905       USD       29,138        
Barclays Bank PLC     4/4/2018       531,558,714       USD       56,759,042,142       JPY             (2,175,534
Barclays Bank PLC     5/7/2018       460,027,905       USD       48,823,911,627       JPY       78,007        
Canadian Imperial Bank of Commerce     4/4/2018       34,945,691,242       JPY       328,591,361       USD       20,813        
Canadian Imperial Bank of Commerce     4/4/2018       379,684,796       USD       40,569,130,610       JPY             (1,807,449
Canadian Imperial Bank of Commerce     5/7/2018       328,591,361       USD       34,874,715,508       JPY       51,076        
Citibank N.A.     4/4/2018       34,945,691,242       JPY       328,591,361       USD       20,813        
Citibank N.A.     4/4/2018       379,684,796       USD       40,519,581,744       JPY             (1,341,516
Citibank N.A.     5/7/2018       328,591,361       USD       34,874,386,917       JPY       54,172        
Commonwealth Bank of Australia     4/4/2018       20,963,471,585       JPY       197,154,816       USD             (24,591
Commonwealth Bank of Australia     4/4/2018       227,810,877       USD       24,334,302,259       JPY             (1,016,989
Commonwealth Bank of Australia     5/7/2018       197,154,816       USD       20,920,491,835       JPY       71,507        
Credit Suisse International     4/4/2018       3,117,163,855       JPY       29,285,368       USD       26,915        
Credit Suisse International     4/4/2018       2,474,102,816       JPY       23,428,294       USD             (163,042
Credit Suisse International     4/4/2018       34,982,000,587       JPY       328,591,361       USD       362,248        
Credit Suisse International     4/4/2018       379,684,796       USD       40,545,590,152       JPY             (1,586,086
Credit Suisse International     5/7/2018       1,760,985,796       JPY       16,595,523       USD             (6,003
Credit Suisse International     5/7/2018       328,591,361       USD       34,910,696,262       JPY             (287,884
Goldman Sachs     4/4/2018       2,773,645,296       JPY       26,356,831       USD             (274,828
Goldman Sachs     4/4/2018       2,148,186,040       JPY       20,499,758       USD             (299,268
Goldman Sachs     4/4/2018       41,924,104,247       JPY       394,309,633       USD             (75,879
Goldman Sachs     4/4/2018       455,621,755       USD       48,686,601,684       JPY             (2,203,214
Goldman Sachs     5/7/2018       394,309,633       USD       41,838,539,057       JPY       166,044        
HSBC Holdings PLC     4/4/2018       34,962,120,810       JPY       328,591,361       USD       175,308        
HSBC Holdings PLC     4/4/2018       379,684,796       USD       40,505,723,249       JPY             (1,211,197
HSBC Holdings PLC     5/7/2018       328,591,361       USD       34,890,323,598       JPY             (95,961
JP Morgan Chase Bank N.A.     4/4/2018       17,964,541,406       JPY       169,855,134       USD             (925,381
JP Morgan Chase Bank N.A.     4/4/2018       34,937,673,613       JPY       328,591,361       USD             (54,581
JP Morgan Chase Bank N.A.     4/4/2018       379,684,796       USD       40,534,769,136       JPY             (1,484,330
JP Morgan Chase Bank N.A.     5/7/2018       328,591,361       USD       34,866,040,696       JPY       132,798        
Morgan Stanley & Co. International     4/4/2018       34,945,691,242       JPY       328,591,361       USD       20,813        
Morgan Stanley & Co. International     4/4/2018       379,684,796       USD       40,534,769,136       JPY             (1,484,330
Morgan Stanley & Co. International     5/7/2018       328,591,361       USD       34,874,058,325       JPY       57,267        
Nomura International PLC     4/4/2018       34,935,833,501       JPY       328,591,361       USD             (71,885
Nomura International PLC     4/4/2018       379,684,796       USD       40,549,766,685       JPY             (1,625,360
Nomura International PLC     5/7/2018       328,591,361       USD       34,864,200,584       JPY       150,133        
Royal Bank of Canada     4/4/2018       41,956,910,808       JPY       394,309,633       USD       232,617        
Royal Bank of Canada     4/4/2018       455,621,755       USD       48,645,595,726       JPY             (1,817,614
Royal Bank of Canada     5/7/2018       394,309,633       USD       41,870,359,844       JPY             (133,727
Societe Generale     4/4/2018       34,962,120,810       JPY       328,591,361       USD       175,308        
Societe Generale     4/4/2018       379,684,796       USD       40,542,552,674       JPY             (1,557,523
Societe Generale     5/7/2018       328,591,361       USD       34,890,487,893       JPY             (97,509
Standard Chartered Bank     4/4/2018       34,945,691,242       JPY       328,591,361       USD       20,813        
Standard Chartered Bank     4/4/2018       379,684,796       USD       40,526,226,228       JPY             (1,403,997
Standard Chartered Bank     5/7/2018       328,591,361       USD       34,873,894,029       JPY       58,815        
State Street Bank and Trust     4/2/2018       2,512,799       USD       267,500,000       JPY             (2,481

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      103  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2018

 

  

 

 

Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
State Street Bank and Trust     4/4/2018       41,084,348,349       JPY       386,376,210       USD     $     $ (39,110
State Street Bank and Trust     4/4/2018       41,962,432,101       JPY       394,309,642       USD       284,528        
State Street Bank and Trust     4/4/2018       455,621,755       USD       48,641,039,509       JPY             (1,774,770
State Street Bank and Trust     5/7/2018       394,309,642       USD       41,876,157,151       JPY             (188,332
UBS AG     4/4/2018       5,630,420,037       JPY       52,713,662       USD       232,052        
UBS AG     4/4/2018       3,438,966,435       JPY       32,213,905       USD       124,452        
UBS AG     4/4/2018       3,723,021,933       JPY       35,142,442       USD             (132,966
UBS AG     4/4/2018       2,475,970,051       JPY       23,428,294       USD             (145,484
UBS AG     4/4/2018       7,781,122,278       JPY       73,213,420       USD             (43,555
UBS AG     4/4/2018       3,382,005,808       JPY       32,213,905       USD             (411,178
UBS AG     4/4/2018       4,644,020,943       JPY       43,928,052       USD             (257,952
UBS AG     4/4/2018       41,930,886,373       JPY       394,309,633       USD             (12,104
UBS AG     4/4/2018       455,621,759       USD       48,569,051,698       JPY             (1,097,828
UBS AG     5/7/2018       394,309,633       USD       41,844,138,253       JPY       113,296        
Wells Fargo Bank N.A.     4/4/2018       34,962,120,810       JPY       328,591,361       USD       175,308        
Wells Fargo Bank N.A.     4/4/2018       379,684,796       USD       40,546,083,743       JPY             (1,590,727
Wells Fargo Bank N.A.     5/7/2018       328,591,361       USD       34,890,586,471       JPY             (98,438
                                            $ 3,380,797     $ (34,651,583

 

CURRENCY LEGEND

JPY – Japanese yen

USD – U.S. dollar

 

See Notes to Financial Statements.

 

104   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Financials Fund (DXJF)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.6%  
Japan – 98.6%  
Banks – 49.5%  

77 Bank Ltd. (The)

     9,583      $ 225,721  

Akita Bank Ltd. (The)

     2,030        54,305  

Aomori Bank Ltd. (The)

     2,500        75,693  

Aozora Bank Ltd.

     13,763        548,061  

Awa Bank Ltd. (The)

     30,000        192,384  

Bank of Iwate Ltd. (The)

     2,700        106,883  

Bank of Kyoto Ltd. (The)

     9,203        514,018  

Bank of Nagoya Ltd. (The)(a)

     2,470        91,856  

Bank of Okinawa Ltd. (The)

     2,764        116,694  

Bank of the Ryukyus Ltd.

     6,200        94,210  

Chiba Bank Ltd. (The)

     95,781        770,031  

Chugoku Bank Ltd. (The)

     23,250        273,928  

Concordia Financial Group Ltd.

     146,800        810,264  

Daishi Bank Ltd. (The)

     4,065        179,647  

Fukui Bank Ltd. (The)

     2,700        59,154  

Fukuoka Financial Group, Inc.

     101,133        544,891  

Gunma Bank Ltd. (The)

     55,250        313,785  

Hachijuni Bank Ltd. (The)

     63,509        340,387  

Hiroshima Bank Ltd. (The)

     27,100        204,110  

Hokkoku Bank Ltd. (The)

     3,570        138,805  

Hokuetsu Bank Ltd. (The)

     3,200        69,807  

Hokuhoku Financial Group, Inc.(a)

     12,380        167,977  

Hyakugo Bank Ltd. (The)

     34,490        163,126  

Hyakujushi Bank Ltd. (The)

     40,390        137,102  

Iyo Bank Ltd. (The)

     30,250        227,835  

Japan Post Bank Co., Ltd.

     47,486        637,612  

Juroku Bank Ltd. (The)

     3,475        92,634  

Keiyo Bank Ltd. (The)

     35,350        157,887  

Kiyo Bank Ltd. (The)

     8,920        141,579  

Kyushu Financial Group, Inc.

     57,700        285,380  

Mebuki Financial Group, Inc.

     109,462        420,968  

Minato Bank Ltd. (The)

     3,350        66,150  

Mitsubishi UFJ Financial Group, Inc.

     249,320        1,634,001  

Miyazaki Bank Ltd. (The)

     2,500        77,692  

Mizuho Financial Group, Inc.

     884,679        1,592,173  

Musashino Bank Ltd. (The)

     4,250        134,074  

Nanto Bank Ltd. (The)

     3,142        84,732  

Nishi-Nippon Financial Holdings, Inc.

     19,634        227,817  

North Pacific Bank Ltd.

     40,600        135,524  

Ogaki Kyoritsu Bank Ltd. (The)

     4,705        118,477  

Oita Bank Ltd. (The)

     2,380        87,837  

Resona Holdings, Inc.

     254,450        1,344,625  

San-In Godo Bank Ltd. (The)

     20,470        181,314  

Senshu Ikeda Holdings, Inc.

     36,330        136,643  

Seven Bank Ltd.(a)

     87,570        279,137  

Shiga Bank Ltd. (The)

     34,340        173,072  

Shikoku Bank Ltd. (The)

     6,000        84,513  

Shinsei Bank Ltd.

     24,435        375,888  

Shizuoka Bank Ltd. (The)

     68,740        650,235  

Sumitomo Mitsui Financial Group, Inc.

     40,940        1,716,131  

Sumitomo Mitsui Trust Holdings, Inc.

     43,561        1,764,149  

Suruga Bank Ltd.

     25,000      345,322  

Toho Bank Ltd. (The)

     31,300        119,785  

Tokyo TY Financial Group, Inc.

     3,100        73,776  

TOMONY Holdings, Inc.

     20,700        92,065  

Yamagata Bank Ltd. (The)(a)

     4,060        89,866  

Yamaguchi Financial Group, Inc.(a)

     29,511        357,406  

Yamanashi Chuo Bank Ltd. (The)

     24,700        101,726  
     

 

 

 
Total Banks               20,200,864  
Capital Markets – 12.6%  

Daiwa Securities Group, Inc.

     191,330        1,221,022  

Japan Exchange Group, Inc.

     62,180        1,151,806  

Matsui Securities Co., Ltd.

     15,600        141,405  

Monex Group, Inc.

     31,800        103,458  

Nomura Holdings, Inc.

     276,561        1,600,075  

Okasan Securities Group, Inc.(a)

     28,700        171,633  

SBI Holdings, Inc.(a)

     23,950        547,911  

Tokai Tokyo Financial Holdings, Inc.

     29,950        206,989  
     

 

 

 
Total Capital Markets               5,144,299  
Consumer Finance – 3.8%  

Acom Co., Ltd.*(a)

     63,050        281,013  

AEON Financial Service Co., Ltd.(a)

     14,750        339,104  

Aiful Corp.*(a)

     45,000        148,942  

Credit Saison Co., Ltd.

     21,450        352,357  

Hitachi Capital Corp.

     6,750        170,162  

J Trust Co., Ltd.(a)

     8,300        54,475  

Jaccs Co., Ltd.

     3,880        85,152  

Orient Corp.(a)

     79,600        124,995  
     

 

 

 
Total Consumer Finance               1,556,200  
Diversified Financial Services – 4.3%  

Financial Products Group Co., Ltd.

     9,000        116,699  

Fuyo General Lease Co., Ltd.

     3,067        206,774  

IBJ Leasing Co., Ltd.

     5,632        158,872  

Japan Securities Finance Co., Ltd.

     16,300        100,084  

Mitsubishi UFJ Lease & Finance Co., Ltd.

     66,400        389,597  

Ricoh Leasing Co., Ltd.

     2,600        86,055  

Tokyo Century Corp.

     6,720        416,406  

Zenkoku Hosho Co., Ltd.(a)

     6,300        276,643  
     

 

 

 
Total Diversified Financial Services               1,751,130  
Insurance – 28.4%  

Dai-ichi Life Holdings, Inc.

     96,140        1,756,013  

Japan Post Holdings Co., Ltd.

     57,159        688,488  

Japan Post Insurance Co., Ltd.(a)

     8,767        205,676  

MS&AD Insurance Group Holdings, Inc.

     56,160        1,771,667  

Sompo Holdings, Inc.

     46,200        1,860,163  

Sony Financial Holdings, Inc.(a)

     20,700        376,824  

T&D Holdings, Inc.

     73,510        1,167,105  

Tokio Marine Holdings, Inc.

     84,540        3,763,958  
     

 

 

 
Total Insurance               11,589,894  
TOTAL COMMON STOCKS
(Cost: $43,101,055)
       40,242,387  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      105  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Financials Fund (DXJF)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.0%  
United States – 5.0%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

     
(Cost: $2,035,345)(c)      2,035,345      $ 2,035,345  
TOTAL INVESTMENTS IN SECURITIES – 103.6% (Cost: $45,136,400)        42,277,732  

Other Assets less Liabilities – (3.6)%

        (1,460,687
     

 

 

 
NET ASSETS – 100.0%             $ 40,817,045  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $3,238,508 and the total market value of the collateral held by the Fund was $3,391,162. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,355,817.

 

FINANCIAL DERIVATIVE INSTRUMENTS                                                        
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty    Settlement
Date
     Amount and Description of
Currency to be Purchased
     Amount and Description of
Currency to be Sold
     Unrealized
Appreciation
     Unrealized
Depreciation
 
Bank of America N.A.      4/4/2018        949,916,192        JPY        8,933,762        USD      $      $ (1,215
Bank of America N.A.      4/4/2018        8,933,762        USD        950,970,376        JPY               (8,698
Bank of America N.A.      5/7/2018        8,562,841        USD        908,634,741        JPY        2,969         
Bank of Montreal      4/4/2018        8,933,762        USD        950,956,976        JPY               (8,572
Barclays Bank PLC      4/4/2018        949,932,273        JPY        8,933,762        USD               (1,064
Barclays Bank PLC      4/4/2018        8,933,762        USD        950,958,762        JPY               (8,588
Barclays Bank PLC      5/7/2018        8,562,841        USD        908,665,567        JPY        2,678         
Canadian Imperial Bank of Commerce      4/4/2018        8,933,762        USD        951,141,905        JPY               (10,311
Citibank N.A.      4/4/2018        949,943,887        JPY        8,933,762        USD               (955
Citibank N.A.      5/7/2018        8,562,841        USD        908,669,848        JPY        2,638         
Credit Suisse International      4/4/2018        949,929,593        JPY        8,933,762        USD               (1,089
Credit Suisse International      5/7/2018        8,562,841        USD        908,654,435        JPY        2,783         
Goldman Sachs      4/4/2018        723,749,200        JPY        6,806,677        USD               (894
Goldman Sachs      5/7/2018        6,524,073        USD        692,326,797        JPY        1,948         

Royal Bank of Canada

     4/4/2018        6,806,677        USD        724,537,413        JPY               (6,518
                                                  $ 13,016      $ (47,904

 

CURRENCY LEGEND

JPY – Japanese yen

USD – U.S. dollar

 

See Notes to Financial Statements.

 

106   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%  
Japan – 99.0%  
Auto Components – 6.2%  

Aisin Seiki Co., Ltd.

     1,581      $ 85,926  

Bridgestone Corp.

     5,692        247,483  

Denso Corp.

     5,064        277,127  

Koito Manufacturing Co., Ltd.

     400        27,757  

NGK Spark Plug Co., Ltd.

     877        21,135  

Nifco, Inc.

     800        27,306  

NOK Corp.

     616        11,967  

Stanley Electric Co., Ltd.

     476        17,590  

Sumitomo Electric Industries Ltd.

     4,391        67,031  

Sumitomo Rubber Industries Ltd.

     1,822        33,442  

Topre Corp.

     200        5,792  

TS Tech Co., Ltd.

     500        19,817  

Yokohama Rubber Co., Ltd. (The)

     800        18,528  
     

 

 

 
Total Auto Components               860,901  
Automobiles – 11.4%  

Isuzu Motors Ltd.

     5,088        78,078  

Mazda Motor Corp.

     2,483        32,838  

Nissan Motor Co., Ltd.

     45,284        470,085  

Subaru Corp.

     7,100        232,795  

Suzuki Motor Corp.

     1,258        67,779  

Toyota Motor Corp.

     10,111        648,872  

Yamaha Motor Co., Ltd.

     1,715        51,281  
     

 

 

 
Total Automobiles               1,581,728  
Banks – 0.1%  

Seven Bank Ltd.

     6,500        20,719  
Beverages – 0.7%  

Asahi Group Holdings Ltd.

     1,774        94,530  
Building Products – 1.2%  

Aica Kogyo Co., Ltd.

     648        24,007  

Daikin Industries Ltd.

     986        108,798  

Nichias Corp.

     1,000        12,713  

Sanwa Holdings Corp.

     1,474        19,030  
     

 

 

 
Total Building Products               164,548  
Capital Markets – 1.6%  

Ichigo, Inc.(a)

     2,300        10,121  

Nomura Holdings, Inc.

     31,100        179,933  

Tokai Tokyo Financial Holdings, Inc.

     4,800        33,173  
     

 

 

 
Total Capital Markets               223,227  
Chemicals – 6.5%  

Air Water, Inc.

     1,044        20,379  

Asahi Kasei Corp.

     9,383        123,430  

Daicel Corp.

     1,800        19,667  

DIC Corp.

     694        23,264  

Hitachi Chemical Co., Ltd.

     400        9,121  

Kansai Paint Co., Ltd.

     597        13,910  

Kuraray Co., Ltd.

     2,500        42,501  

Mitsubishi Gas Chemical Co., Inc.

     1,500        35,952  

Mitsui Chemicals, Inc.

     1,400        44,165  

Nihon Parkerizing Co., Ltd.

     431        7,044  

Nippon Kayaku Co., Ltd.

     1,000      12,290  

Nippon Paint Holdings Co., Ltd.

     859        31,541  

Nippon Shokubai Co., Ltd.

     300        20,367  

Nissan Chemical Industries Ltd.

     600        24,937  

Nitto Denko Corp.

     800        60,013  

NOF Corp.

     349        10,321  

Shin-Etsu Chemical Co., Ltd.

     1,670        172,810  

Sumitomo Chemical Co., Ltd.

     11,000        64,128  

Taiyo Holdings Co., Ltd.

     100        4,297  

Taiyo Nippon Sanso Corp.

     2,200        33,326  

Tokyo Ohka Kogyo Co., Ltd.

     200        7,174  

Toray Industries, Inc.

     7,400        70,034  

Tosoh Corp.

     2,000        39,267  

Zeon Corp.

     1,554        22,473  
     

 

 

 
Total Chemicals               912,411  
Commercial Services & Supplies – 0.8%  

Aeon Delight Co., Ltd.

     300        10,860  

Park24 Co., Ltd.

     705        18,906  

Secom Co., Ltd.

     910        67,769  

Sohgo Security Services Co., Ltd.

     200        9,892  
     

 

 

 
Total Commercial Services & Supplies               107,427  
Construction & Engineering – 1.8%  

Hazama Ando Corp.

     1,700        12,804  

Kajima Corp.

     7,332        68,046  

Kyudenko Corp.

     400        19,671  

Maeda Corp.

     600        7,080  

Maeda Road Construction Co., Ltd.

     790        15,971  

Nippo Corp.

     691        16,029  

SHO-BOND Holdings Co., Ltd.

     200        14,763  

Taisei Corp.

     1,400        71,086  

Toda Corp.

     2,000        14,499  

Toshiba Plant Systems & Services Corp.

     600        12,937  
     

 

 

 
Total Construction & Engineering               252,886  
Construction Materials – 0.2%  

Sumitomo Osaka Cement Co., Ltd.(a)

     2,664        11,823  

Taiheiyo Cement Corp.

     579        21,042  
     

 

 

 
Total Construction Materials               32,865  
Diversified Financial Services – 0.1%  

Zenkoku Hosho Co., Ltd.

     200        8,782  
Electric Utilities – 0.2%  

Tohoku Electric Power Co., Inc.

     2,700        36,076  
Electrical Equipment – 2.4%  

Fuji Electric Co., Ltd.

     4,000        27,231  

Mabuchi Motor Co., Ltd.

     300        14,781  

Mitsubishi Electric Corp.

     10,610        169,750  

Nidec Corp.

     738        113,736  

Nissin Electric Co., Ltd.

     400        3,709  
     

 

 

 
Total Electrical Equipment               329,207  
Electronic Equipment, Instruments & Components – 3.5%  

Ai Holdings Corp.

     200        5,572  

Alps Electric Co., Ltd.

     236        5,787  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      107  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Amano Corp.

     500      $ 13,498  

Citizen Watch Co., Ltd.

     2,100        15,086  

Hamamatsu Photonics K.K.

     500        18,900  

Hirose Electric Co., Ltd.

     241        33,131  

Hitachi High-Technologies Corp.

     700        33,305  

Horiba Ltd.

     200        15,496  

Japan Aviation Electronics Industry Ltd.

     1,000        14,151  

Keyence Corp.

     36        22,355  

Murata Manufacturing Co., Ltd.

     881        120,698  

Oki Electric Industry Co., Ltd.

     500        6,634  

Omron Corp.

     900        52,976  

Shimadzu Corp.

     780        21,944  

TDK Corp.

     600        54,104  

Yaskawa Electric Corp.

     840        38,110  

Yokogawa Electric Corp.

     1,045        21,598  
     

 

 

 
Total Electronic Equipment, Instruments & Components        493,345  
Energy Equipment & Services – 0.0%  

Modec, Inc.

     200        5,000  
Food & Staples Retailing – 2.6%  

Create SD Holdings Co., Ltd.

     300        7,802  

FamilyMart UNY Holdings Co., Ltd.

     577        48,612  

Kobe Bussan Co., Ltd.

     100        4,523  

Matsumotokiyoshi Holdings Co., Ltd.

     600        25,388  

Seven & I Holdings Co., Ltd.

     4,985        213,931  

Sugi Holdings Co., Ltd.

     100        5,538  

Sundrug Co., Ltd.

     450        20,797  

Tsuruha Holdings, Inc.

     100        14,264  

Valor Holdings Co., Ltd.

     100        2,708  

Welcia Holdings Co., Ltd.(a)

     200        8,980  

Yaoko Co., Ltd.

     200        10,776  
     

 

 

 
Total Food & Staples Retailing               363,319  
Food Products – 1.3%  

Ajinomoto Co., Inc.

     1,669        30,210  

Calbee, Inc.(a)

     200        6,620  

Ezaki Glico Co., Ltd.

     223        11,680  

Kewpie Corp.

     500        13,573  

Kikkoman Corp.

     572        23,020  

MEIJI Holdings Co., Ltd.

     400        30,465  

Morinaga & Co., Ltd.

     100        4,405  

NH Foods Ltd.

     308        12,627  

Toyo Suisan Kaisha Ltd.

     500        19,394  

Yakult Honsha Co., Ltd.

     364        26,936  
     

 

 

 
Total Food Products               178,930  
Gas Utilities – 0.1%  

Nippon Gas Co., Ltd.

     200        9,347  
Health Care Equipment & Supplies – 1.8%  

Hoya Corp.

     1,695        84,551  

Nakanishi, Inc.

     600        12,220  

Nihon Kohden Corp.

     400        11,137  

Olympus Corp.

     700        26,591  

Paramount Bed Holdings Co., Ltd.

     200        10,212  

Sysmex Corp.

     528        47,860  

Terumo Corp.

     1,062      55,821  
     

 

 

 
Total Health Care Equipment & Supplies               248,392  
Health Care Providers & Services – 0.1%  

Japan Lifeline Co., Ltd.

     100        2,915  

Ship Healthcare Holdings, Inc.

     300        10,578  
     

 

 

 
Total Health Care Providers & Services               13,493  
Health Care Technology – 0.1%  

M3, Inc.

     300        13,484  
Hotels, Restaurants & Leisure – 0.5%  

Ichibanya Co., Ltd.(a)

     200        8,256  

Oriental Land Co., Ltd.

     449        45,871  

Skylark Co., Ltd.

     700        10,083  
     

 

 

 
Total Hotels, Restaurants & Leisure               64,210  
Household Durables – 3.0%  

Casio Computer Co., Ltd.(a)

     1,221        18,209  

Haseko Corp.

     1,522        23,170  

Iida Group Holdings Co., Ltd.

     2,100        39,255  

Panasonic Corp.

     11,100        158,750  

Rinnai Corp.

     96        9,117  

Sekisui Chemical Co., Ltd.

     2,275        39,703  

Sekisui House Ltd.

     5,555        101,437  

Starts Corp., Inc.

     300        8,161  

Sumitomo Forestry Co., Ltd.

     900        14,437  
     

 

 

 
Total Household Durables               412,239  
Household Products – 0.4%  

Pigeon Corp.

     418        18,886  

Unicharm Corp.

     1,100        31,329  
     

 

 

 
Total Household Products               50,215  
Internet & Catalog Retail – 0.1%  

Rakuten, Inc.

     100        845  

Start Today Co., Ltd.

     600        16,034  
     

 

 

 
Total Internet & Catalog Retail               16,879  
Internet Software & Services – 1.3%  

DeNA Co., Ltd.(a)

     300        5,416  

GMO Internet, Inc.

     700        14,105  

Kakaku.com, Inc.

     900        15,757  

Mixi, Inc.

     323        11,936  

Yahoo Japan Corp.(a)

     29,914        138,952  
     

 

 

 
Total Internet Software & Services               186,166  
IT Services – 1.6%  

Fujitsu Ltd.

     7,000        43,099  

Itochu Techno-Solutions Corp.

     1,600        33,505  

Nihon Unisys Ltd.

     700        15,099  

NS Solutions Corp.

     600        17,151  

Obic Co., Ltd.

     400        33,286  

Otsuka Corp.

     950        47,880  

SCSK Corp.

     549        23,720  

Transcosmos, Inc.

     300        7,741  
     

 

 

 
Total IT Services               221,481  

 

See Notes to Financial Statements.

 

108   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Leisure Products – 0.4%  

Bandai Namco Holdings, Inc.

     765      $ 25,140  

Heiwa Corp.

     602        12,108  

Shimano, Inc.

     143        20,627  
     

 

 

 
Total Leisure Products               57,875  
Machinery – 8.1%  

CKD Corp.

     300        6,677  

Daifuku Co., Ltd.

     500        29,948  

Ebara Corp.

     487        17,699  

FANUC Corp.

     1,061        268,966  

Fujitec Co., Ltd.

     800        10,531  

Harmonic Drive Systems, Inc.

     100        5,745  

Hino Motors Ltd.

     3,488        44,900  

Hoshizaki Corp.

     152        13,349  

Komatsu Ltd.

     6,222        207,517  

Kubota Corp.

     5,819        101,880  

Kurita Water Industries Ltd.

     600        19,041  

Makita Corp.

     998        48,797  

MINEBEA MITSUMI, Inc.

     1,448        30,934  

Mitsubishi Heavy Industries Ltd.

     2,300        88,107  

Nabtesco Corp.

     525        20,265  

NGK Insulators Ltd.

     323        5,570  

NSK Ltd.

     4,162        55,807  

Obara Group, Inc.

     100        5,924  

OSG Corp.

     600        13,777  

SMC Corp.

     143        57,913  

Sumitomo Heavy Industries Ltd.

     800        30,353  

THK Co., Ltd.

     748        30,947  

Tsubakimoto Chain Co.

     1,000        8,143  
     

 

 

 
Total Machinery               1,122,790  
Media – 0.6%  

CyberAgent, Inc.(a)

     196        9,749  

Daiichikosho Co., Ltd.

     290        15,379  

Dentsu, Inc.

     1,000        43,912  

Toho Co., Ltd.

     648        21,509  
     

 

 

 
Total Media               90,549  
Metals & Mining – 1.2%  

Dowa Holdings Co., Ltd.

     270        9,673  

Hitachi Metals Ltd.

     2,100        24,841  

Mitsubishi Materials Corp.

     700        21,062  

Nippon Steel & Sumitomo Metal Corp.

     4,700        103,258  

Tokyo Steel Manufacturing Co., Ltd.

     500        4,020  
     

 

 

 
Total Metals & Mining               162,854  
Multiline Retail – 0.6%  

Don Quijote Holdings Co., Ltd.

     200        11,490  

Izumi Co., Ltd.

     200        13,653  

Marui Group Co., Ltd.(a)

     1,200        24,463  

Ryohin Keikaku Co., Ltd.

     112        37,597  
     

 

 

 
Total Multiline Retail               87,203  
Personal Products – 2.3%  

Ci:z Holdings Co., Ltd.

     200        9,967  

Kao Corp.

     2,087        156,618  

Kobayashi Pharmaceutical Co., Ltd.

     188      13,576  

Kose Corp.

     100        20,940  

Mandom Corp.

     200        6,902  

Noevir Holdings Co., Ltd.

     300        21,636  

Pola Orbis Holdings, Inc.

     1,100        45,097  

Shiseido Co., Ltd.

     700        44,844  
     

 

 

 
Total Personal Products               319,580  
Pharmaceuticals – 6.3%  

Astellas Pharma, Inc.

     13,924        211,315  

Chugai Pharmaceutical Co., Ltd.

     2,035        102,946  

Daiichi Sankyo Co., Ltd.

     6,000        198,928  

Hisamitsu Pharmaceutical Co., Inc.

     433        33,549  

Kaken Pharmaceutical Co., Ltd.

     300        17,715  

Kyowa Hakko Kirin Co., Ltd.

     2,000        43,949  

Otsuka Holdings Co., Ltd.

     3,300        165,357  

Santen Pharmaceutical Co., Ltd.

     2,100        33,865  

Shionogi & Co., Ltd.

     995        51,373  

Tsumura & Co.

     378        12,991  
     

 

 

 
Total Pharmaceuticals               871,988  
Professional Services – 1.5%  

Benefit One, Inc.(a)

     200        5,534  

en-japan, Inc.

     100        5,802  

Meitec Corp.

     411        22,762  

Nihon M&A Center, Inc.

     400        13,766  

Persol Holdings Co., Ltd.

     467        13,591  

Recruit Holdings Co., Ltd.

     5,100        126,817  

TechnoPro Holdings, Inc.

     400        24,109  
     

 

 

 
Total Professional Services               212,381  
Real Estate Management & Development – 2.9%  

Daito Trust Construction Co., Ltd.

     661        114,300  

Daiwa House Industry Co., Ltd.

     5,100        196,615  

Hulic Co., Ltd.

     3,292        35,938  

Kenedix, Inc.

     600        3,735  

Leopalace21 Corp.

     2,600        21,685  

Open House Co., Ltd.

     400        24,824  

Relo Group, Inc.

     300        8,310  
     

 

 

 
Total Real Estate Management & Development               405,407  
Road & Rail – 1.5%  

Central Japan Railway Co.

     478        90,476  

East Japan Railway Co.

     1,197        111,000  

Keisei Electric Railway Co., Ltd.

     200        6,149  
     

 

 

 
Total Road & Rail               207,625  
Semiconductors & Semiconductor Equipment – 2.0%  

Advantest Corp.(a)

     600        12,576  

Disco Corp.

     244        52,654  

SCREEN Holdings Co., Ltd.

     100        9,177  

SUMCO Corp.

     700        18,364  

Tokyo Electron Ltd.

     1,000        188,199  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        280,970  
Software – 2.7%  

Capcom Co., Ltd.

     800        17,294  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      109  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

COLOPL, Inc.(a)

     100      $ 871  

Koei Tecmo Holdings Co., Ltd.

     500        9,770  

Nintendo Co., Ltd.

     500        220,310  

Oracle Corp.

     600        48,801  

Square Enix Holdings Co., Ltd.

     485        22,209  

Trend Micro, Inc.

     1,011        60,365  
     

 

 

 
Total Software               379,620  
Specialty Retail – 2.0%  

ABC-Mart, Inc.

     400        26,366  

Fast Retailing Co., Ltd.

     223        90,668  

Hikari Tsushin, Inc.

     277        44,304  

K’s Holdings Corp.

     1,644        22,739  

Nitori Holdings Co., Ltd.

     200        35,364  

Shimamura Co., Ltd.

     70        8,761  

T-Gaia Corp.

     582        16,204  

USS Co., Ltd.

     1,625        32,852  
     

 

 

 
Total Specialty Retail               277,258  
Technology Hardware, Storage & Peripherals – 0.6%  

Brother Industries Ltd.

     1,713        39,833  

Seiko Epson Corp.

     2,600        46,230  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               86,063  
Tobacco – 3.6%  

Japan Tobacco, Inc.

     17,373        500,852  
Trading Companies & Distributors – 3.5%  

ITOCHU Corp.

     16,899        328,367  

Iwatani Corp.

     320        11,825  

Marubeni Corp.

     17,055      123,466  

MISUMI Group, Inc.

     600        16,479  

MonotaRO Co., Ltd.

     100        3,592  
     

 

 

 
Total Trading Companies & Distributors               483,729  
Wireless Telecommunication Services – 9.6%  

KDDI Corp.

     20,587        525,854  

NTT DOCOMO, Inc.

     26,946        688,282  

SoftBank Group Corp.

     1,595        119,232  
     

 

 

 
Total Wireless Telecommunication Services               1,333,368  
TOTAL COMMON STOCKS
(Cost: $11,504,931)
              13,781,919  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%  
United States – 0.6%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

     
(Cost: $83,972)(c)      83,972        83,972  
TOTAL INVESTMENTS IN SECURITIES – 99.6% (Cost: $11,588,903)         13,865,891  

Other Assets less Liabilities – 0.4%

        56,542  
     

 

 

 
NET ASSETS – 100.0%             $ 13,922,433  
(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $235,499 and the total market value of the collateral held by the Fund was $245,778. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $161,806.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Bank of America N.A.     4/4/2018       318,954,820       JPY       2,999,703       USD     $     $ (408
Bank of America N.A.     4/4/2018       2,999,703       USD       319,308,785       JPY             (2,920
Bank of America N.A.     5/7/2018       2,885,689       USD       306,211,136       JPY       1,000        
Bank of Montreal     4/2/2018       4,688       USD       500,000       JPY             (14
Bank of Montreal     4/4/2018       2,999,703       USD       319,304,285       JPY             (2,878
Barclays Bank PLC     4/4/2018       318,960,219       JPY       2,999,703       USD             (357
Barclays Bank PLC     4/4/2018       2,999,703       USD       319,304,885       JPY             (2,884
Barclays Bank PLC     5/7/2018       2,885,689       USD       306,221,525       JPY       903        
Canadian Imperial Bank of Commerce     4/4/2018       2,999,703       USD       319,366,379       JPY             (3,462
Citibank N.A.     4/4/2018       318,964,119       JPY       2,999,703       USD             (321
Citibank N.A.     5/7/2018       2,885,689       USD       306,222,968       JPY       889        
Credit Suisse International     4/4/2018       318,959,319       JPY       2,999,703       USD             (366
Credit Suisse International     5/7/2018       2,885,689       USD       306,217,773       JPY       938        
Goldman Sachs     4/4/2018       243,014,339       JPY       2,285,488       USD             (300
Goldman Sachs     5/7/2018       2,198,623       USD       233,315,234       JPY       657        

Royal Bank of Canada

    4/4/2018       2,285,488       USD       243,278,998       JPY             (2,189
                                            $ 4,387     $ (16,099

 

CURRENCY LEGEND

JPY – Japanese yen

USD – U.S. dollar

 

See Notes to Financial Statements.

 

110   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%  
Japan – 99.0%  
Air Freight & Logistics – 0.4%  

Kintetsu World Express, Inc.

     13,100      $ 246,110  

Konoike Transport Co., Ltd.

     16,600        287,515  

Maruwa Unyu Kikan Co., Ltd.(a)

     7,400        220,226  

SBS Holdings, Inc.(a)

     5,900        76,725  

Shibusawa Warehouse Co., Ltd. (The)

     800        13,570  
     

 

 

 
Total Air Freight & Logistics               844,146  
Auto Components – 5.1%  

Aisan Industry Co., Ltd.

     13,600        145,655  

Daido Metal Co., Ltd.

     14,300        164,581  

Daikyonishikawa Corp.

     15,000        245,980  

Eagle Industry Co., Ltd.

     15,300        268,451  

Exedy Corp.

     13,200        416,417  

FCC Co., Ltd.

     9,700        272,622  

G-Tekt Corp.

     9,098        175,202  

H-One Co., Ltd.

     5,700        74,446  

Imasen Electric Industrial

     11,200        128,271  

Kasai Kogyo Co., Ltd.

     10,600        137,446  

Keihin Corp.

     26,100        532,062  

KYB Corp.

     5,400        256,417  

Mitsuba Corp.

     3,700        47,559  

Musashi Seimitsu Industry Co., Ltd.

     7,900        267,047  

NHK Spring Co., Ltd.

     55,200        583,921  

Nifco, Inc.(a)

     28,000        955,712  

Nihon Tokushu Toryo Co., Ltd.

     4,100        81,884  

Nissin Kogyo Co., Ltd.

     14,900        257,510  

Pacific Industrial Co., Ltd.

     11,300        155,661  

Piolax, Inc.

     3,700        96,997  

Press Kogyo Co., Ltd.

     33,100        197,013  

Sanoh Industrial Co., Ltd.

     10,900        76,664  

Shoei Co., Ltd.

     7,100        277,391  

Sumitomo Riko Co., Ltd.

     19,900        201,526  

Tachi-S Co., Ltd.

     4,400        78,732  

Taiho Kogyo Co., Ltd.

     8,300        118,549  

Tokai Rika Co., Ltd.

     27,725        568,056  

Topre Corp.

     9,200        266,441  

Toyo Tire & Rubber Co., Ltd.

     27,800        478,887  

Toyoda Gosei Co., Ltd.

     31,900        742,084  

TPR Co., Ltd.

     4,606        133,178  

TS Tech Co., Ltd.

     18,300        725,289  

Unipres Corp.

     8,100        183,250  

Yokohama Rubber Co., Ltd. (The)

     49,300        1,141,757  

Yorozu Corp.

     6,000        101,044  
     

 

 

 
Total Auto Components               10,553,702  
Automobiles – 0.1%  

Nissan Shatai Co., Ltd.

     16,200        169,540  
Banks – 6.7%  

77 Bank Ltd. (The)

     12,800        301,495  

Akita Bank Ltd. (The)

     3,400        90,954  

Aomori Bank Ltd. (The)

     3,900        118,082  

Awa Bank Ltd. (The)

     45,000        288,575  

Bank of Iwate Ltd. (The)

     3,100      122,717  

Bank of Kyoto Ltd. (The)(a)

     13,600        759,605  

Bank of Nagoya Ltd. (The)(a)

     6,000        223,131  

Bank of Okinawa Ltd. (The)

     6,340        267,669  

Bank of Saga Ltd. (The)

     3,500        76,747  

Bank of the Ryukyus Ltd.

     6,100        92,690  

Chugoku Bank Ltd. (The)

     29,900        352,277  

Daishi Bank Ltd. (The)

     9,100        402,163  

Ehime Bank Ltd. (The)(a)

     15,500        183,639  

Eighteenth Bank Ltd. (The)

     42,000        107,814  

FIDEA Holdings Co., Ltd.

     123,300        224,920  

First Bank of Toyama Ltd. (The)

     45,700        213,567  

Fukui Bank Ltd. (The)

     5,000        109,544  

Gunma Bank Ltd. (The)

     121,600        690,610  

Hachijuni Bank Ltd. (The)

     130,500        699,436  

Hiroshima Bank Ltd. (The)

     78,000        587,475  

Hokkoku Bank Ltd. (The)

     8,600        334,377  

Hokuetsu Bank Ltd. (The)

     7,400        161,429  

Hokuhoku Financial Group, Inc.(a)

     37,700        511,529  

Hyakugo Bank Ltd. (The)

     39,300        185,876  

Hyakujushi Bank Ltd. (The)

     62,000        210,456  

Iyo Bank Ltd. (The)

     61,900        466,214  

Jimoto Holdings, Inc.

     90,300        159,628  

Juroku Bank Ltd. (The)

     8,700        231,918  

Kansai Urban Banking Corp.(a)

     19,100        251,434  

Keiyo Bank Ltd. (The)

     59,000        263,517  

Kiyo Bank Ltd. (The)

     19,598        311,062  

Kyushu Financial Group, Inc.

     62,000        306,648  

Michinoku Bank Ltd. (The)(a)

     3,300        53,992  

Minato Bank Ltd. (The)

     8,858        174,911  

Miyazaki Bank Ltd. (The)

     4,200        130,522  

Musashino Bank Ltd. (The)

     6,000        189,281  

Nanto Bank Ltd. (The)

     5,200        140,231  

Nishi-Nippon Financial Holdings, Inc.

     42,600        494,296  

North Pacific Bank Ltd.

     115,500        385,543  

Ogaki Kyoritsu Bank Ltd. (The)

     6,300        158,640  

Oita Bank Ltd. (The)

     5,200        191,913  

San-In Godo Bank Ltd. (The)

     20,300        179,808  

Senshu Ikeda Holdings, Inc.

     78,100        293,747  

Shiga Bank Ltd. (The)

     32,000        161,279  

Shikoku Bank Ltd. (The)

     12,500        176,070  

Tochigi Bank Ltd. (The)

     43,300        166,930  

Toho Bank Ltd. (The)

     36,200        138,537  

Tokyo TY Financial Group, Inc.

     5,900        140,413  

TOMONY Holdings, Inc.

     41,700        185,464  

Towa Bank Ltd. (The)

     16,800        221,315  

Yamagata Bank Ltd. (The)(a)

     9,800        216,918  

Yamaguchi Financial Group, Inc.(a)

     50,000        605,548  

Yamanashi Chuo Bank Ltd. (The)

     27,000        111,199  
     

 

 

 
Total Banks               13,823,755  
Beverages – 0.3%  

Sapporo Holdings Ltd.

     10,200        297,320  

Takara Holdings, Inc.

     29,000        322,041  
     

 

 

 
Total Beverages               619,361  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      111  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Building Products – 1.6%  

Aica Kogyo Co., Ltd.

     15,100      $ 559,417  

Bunka Shutter Co., Ltd.

     11,200        108,788  

Central Glass Co., Ltd.

     7,600        177,083  

Nichias Corp.

     32,000        406,808  

Nichiha Corp.

     5,500        210,226  

Nitto Boseki Co., Ltd.

     5,200        110,307  

Noritz Corp.

     8,000        144,579  

Okabe Co., Ltd.

     15,700        147,183  

Sankyo Tateyama, Inc.

     6,300        94,130  

Sanwa Holdings Corp.

     52,700        680,368  

Shin Nippon Air Technologies Co., Ltd.

     4,100        61,259  

Sinko Industries Ltd.

     6,300        98,928  

Takara Standard Co., Ltd.

     9,217        154,960  

Takasago Thermal Engineering Co., Ltd.

     15,300        281,111  
     

 

 

 
Total Building Products               3,235,147  
Capital Markets – 3.3%  

GCA Corp.

     21,800        186,330  

Ichigo, Inc.(a)

     86,000        378,449  

Ichiyoshi Securities Co., Ltd.

     17,100        200,344  

IwaiCosmo Holdings, Inc.

     22,300        292,720  

kabu.com Securities Co., Ltd.

     129,500        445,670  

Kyokuto Securities Co., Ltd.(a)

     16,700        241,510  

Marusan Securities Co., Ltd.(a)

     36,600        347,244  

Matsui Securities Co., Ltd.

     111,900        1,014,307  

Monex Group, Inc.

     57,365        186,632  

Okasan Securities Group, Inc.(a)

     90,000        538,223  

SBI Holdings, Inc.(a)

     89,800        2,054,381  

Sparx Group Co., Ltd.(a)

     37,000        100,197  

Tokai Tokyo Financial Holdings, Inc.

     131,100        906,051  
     

 

 

 
Total Capital Markets               6,892,058  
Chemicals – 7.4%  

Achilles Corp.

     9,100        186,792  

ADEKA Corp.

     25,200        454,477  

Arakawa Chemical Industries Ltd.

     7,000        124,137  

C.I. Takiron Corp.

     28,500        185,712  

Chugoku Marine Paints Ltd.

     13,400        131,543  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     4,800        198,138  

Denka Co., Ltd.

     22,600        757,583  

DIC Corp.

     27,900        935,247  

DKS Co., Ltd.(a)

     9,000        74,048  

Fujimi, Inc.

     8,500        184,227  

Fujimori Kogyo Co., Ltd.

     5,000        177,010  

Fuso Chemical Co., Ltd.

     5,600        144,700  

JCU Corp.(a)

     4,200        99,955  

JSP Corp.(a)

     6,117        191,821  

Kaneka Corp.

     81,240        805,907  

KH Neochem Co., Ltd.

     15,200        456,643  

Konishi Co., Ltd.

     5,300        83,126  

Kumiai Chemical Industry Co., Ltd.

     9,894        59,727  

Kureha Corp.

     4,700        306,262  

Lintec Corp.

     21,800        633,399  

Nihon Nohyaku Co., Ltd.

     23,500      138,326  

Nihon Parkerizing Co., Ltd.

     17,700        289,258  

Nippon Kayaku Co., Ltd.

     33,600        412,931  

Nippon Shokubai Co., Ltd.

     10,800        733,202  

Nippon Soda Co., Ltd.

     31,000        175,477  

Nippon Valqua Industries Ltd.

     8,700        240,999  

NOF Corp.

     16,300        482,026  

Okamoto Industries, Inc.

     12,000        123,216  

Osaka Soda Co., Ltd.(a)

     5,177        136,788  

Riken Technos Corp.(a)

     13,800        65,788  

Sakai Chemical Industry Co., Ltd.

     7,200        189,157  

Sakata INX Corp.

     2,100        30,764  

Sanyo Chemical Industries Ltd.

     4,400        206,244  

Sekisui Plastics Co., Ltd.

     14,300        162,833  

Shikoku Chemicals Corp.

     6,800        100,449  

Showa Denko K.K.

     24,600        1,040,903  

Sumitomo Bakelite Co., Ltd.

     49,000        432,637  

Sumitomo Seika Chemicals Co., Ltd.

     2,800        134,010  

T Hasegawa Co., Ltd.

     5,400        102,262  

Taiyo Holdings Co., Ltd.

     8,300        356,662  

Tayca Corp.

     1,600        42,366  

Toagosei Co., Ltd.

     25,600        301,615  

Tokai Carbon Co., Ltd.

     34,100        529,376  

Tokyo Ohka Kogyo Co., Ltd.

     7,800        279,803  

Toyo Ink SC Holdings Co., Ltd.

     105,000        651,622  

Toyobo Co., Ltd.

     18,300        361,182  

Ube Industries Ltd.(a)

     28,580        834,423  

Zeon Corp.

     44,100        637,760  
     

 

 

 
Total Chemicals               15,382,533  
Commercial Services & Supplies – 1.5%  

Aeon Delight Co., Ltd.

     7,100        257,029  

Bell System24 Holdings, Inc.

     27,500        407,781  

Daiseki Co., Ltd.

     6,300        172,917  

Itoki Corp.

     12,000        78,307  

Kokuyo Co., Ltd.

     23,000        452,647  

Mitsubishi Pencil Co., Ltd.

     2,300        51,861  

Nichiban Co., Ltd.

     2,400        78,759  

Nippon Air Conditioning Services Co., Ltd.

     22,000        154,941  

Nippon Parking Development Co., Ltd.

     90,800        149,412  

Okamura Corp.

     23,700        323,131  

Pilot Corp.

     3,600        200,733  

Relia, Inc.(a)

     19,800        248,175  

Sato Holdings Corp.

     8,300        262,619  

Toppan Forms Co., Ltd.

     20,500        229,384  
     

 

 

 
Total Commercial Services & Supplies               3,067,696  
Construction & Engineering – 5.8%  

Asunaro Aoki Construction Co., Ltd.

     6,500        60,019  

COMSYS Holdings Corp.

     22,900        611,528  

Dai-Dan Co., Ltd.

     4,400        97,102  

Fudo Tetra Corp.

     58,200        103,430  

Hazama Ando Corp.(a)

     57,200        430,815  

Hibiya Engineering Ltd.

     9,800        181,256  

Kandenko Co., Ltd.

     37,000        421,664  

 

See Notes to Financial Statements.

 

112   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Kitano Construction Corp.

     27,000      $ 103,329  

Kumagai Gumi Co., Ltd.(a)

     8,900        286,206  

Kyowa Exeo Corp.(a)

     32,200        861,694  

Kyudenko Corp.(a)

     12,200        599,962  

Maeda Corp.

     19,500        230,113  

Maeda Road Construction Co., Ltd.

     28,000        566,056  

Matsui Construction Co., Ltd.

     13,400        100,295  

Meisei Industrial Co., Ltd.

     15,000        101,975  

Mirait Holdings Corp.(a)

     17,944        285,822  

Nichireki Co., Ltd.

     11,300        130,585  

Nippo Corp.

     15,100        350,275  

Nippon Densetsu Kogyo Co., Ltd.(a)

     8,600        170,221  

Nippon Koei Co., Ltd.

     3,200        97,339  

Nippon Road Co., Ltd. (The)(a)

     3,200        156,765  

Nishimatsu Construction Co., Ltd.

     18,800        466,332  

Okumura Corp.(a)

     23,000        907,240  

OSJB Holdings Corp.

     37,000        99,502  

Penta-Ocean Construction Co., Ltd.

     56,300        412,390  

Raito Kogyo Co., Ltd.

     14,700        151,769  

Sanki Engineering Co., Ltd.

     17,200        192,135  

Seikitokyu Kogyo Co., Ltd.

     23,700        153,320  

Shinnihon Corp.

     10,900        118,583  

SHO-BOND Holdings Co., Ltd.

     4,900        361,683  

Sumitomo Densetsu Co., Ltd.

     11,100        222,313  

Sumitomo Mitsui Construction Co., Ltd.

     36,640        217,049  

Taihei Dengyo Kaisha Ltd.

     8,300        212,358  

Taikisha Ltd.

     8,500        278,138  

Toa Road Corp.

     200        7,635  

Toda Corp.(a)

     61,000        442,229  

Toenec Corp.

     6,400        186,855  

Tokyo Energy & Systems, Inc.

     18,400        207,097  

Tokyu Construction Co., Ltd.(a)

     31,200        338,844  

Toshiba Plant Systems & Services Corp.

     22,900        493,744  

Totetsu Kogyo Co., Ltd.

     4,400        134,875  

Toyo Construction Co., Ltd.

     21,900        100,903  

Yahagi Construction Co., Ltd.(a)

     11,100        82,037  

Yokogawa Bridge Holdings Corp.

     8,500        179,991  

Yurtec Corp.

     25,700        204,440  
     

 

 

 
Total Construction & Engineering               12,117,913  
Construction Materials – 0.3%  

Geostr Corp.

     6,100        36,996  

Krosaki Harima Corp.

     3,100        146,911  

Shinagawa Refractories Co., Ltd.

     4,000        105,087  

Sumitomo Osaka Cement Co., Ltd.(a)

     100,000        443,817  
     

 

 

 
Total Construction Materials               732,811  
Consumer Finance – 0.0%  

J Trust Co., Ltd.(a)

     7,800        51,193  
Containers & Packaging – 0.7%  

FP Corp.

     5,600        367,541  

Fuji Seal International, Inc.

     7,800        315,374  

Nihon Yamamura Glass Co., Ltd.

     92,000        163,498  

Rengo Co., Ltd.

     70,681        610,774  
     

 

 

 
Total Containers & Packaging               1,457,187  
Distributors – 1.0%  

Arata Corp.

     1,200      67,250  

Canon Marketing Japan, Inc.

     37,800        1,021,506  

Doshisha Co., Ltd.

     9,100        209,809  

Happinet Corp.

     6,400        92,254  

Paltac Corp.

     12,103        648,680  
     

 

 

 
Total Distributors               2,039,499  
Diversified Consumer Services – 0.3%  

Gakkyusha Co., Ltd.

     9,300        149,010  

Meiko Network Japan Co., Ltd.

     7,900        95,379  

Riso Kyoiku Co., Ltd.(a)

     16,900        126,651  

Studio Alice Co., Ltd.

     5,200        126,981  

Tokyo Individualized Educational Institute, Inc.

     18,000        191,255  
     

 

 

 
Total Diversified Consumer Services               689,276  
Diversified Financial Services – 0.7%  

Financial Products Group Co., Ltd.

     47,200        612,025  

Ricoh Leasing Co., Ltd.

     6,900        228,378  

Zenkoku Hosho Co., Ltd.(a)

     13,300        584,024  
     

 

 

 
Total Diversified Financial Services               1,424,427  
Electric Utilities – 0.4%  

Hokkaido Electric Power Co., Inc.(a)

     3,800        24,904  

Okinawa Electric Power Co., Inc. (The)

     9,975        287,010  

Shikoku Electric Power Co., Inc.

     35,800        424,820  
     

 

 

 
Total Electric Utilities               736,734  
Electrical Equipment – 1.4%  

Daihen Corp.

     14,000        107,551  

Denyo Co., Ltd.

     6,800        121,550  

Fujikura Ltd.

     28,200        191,447  

Furukawa Electric Co., Ltd.

     7,426        398,707  

GS Yuasa Corp.

     80,000        436,295  

Idec Corp.(a)

     12,900        312,705  

Nippon Carbon Co., Ltd.

     3,200        162,482  

Nissin Electric Co., Ltd.

     16,600        153,903  

Nitto Kogyo Corp.

     12,800        198,590  

Sanyo Denki Co., Ltd.

     2,000        154,584  

Sinfonia Technology Co., Ltd.(a)

     34,000        116,370  

Takaoka Toko Co., Ltd.(a)

     9,500        151,946  

Tatsuta Electric Wire and Cable Co., Ltd.

     6,400        39,237  

Ushio, Inc.

     27,600        370,595  
     

 

 

 
Total Electrical Equipment               2,915,962  
Electronic Equipment, Instruments & Components – 4.8%  

Ai Holdings Corp.

     6,000        167,165  

Amano Corp.

     19,700        531,817  

Anritsu Corp.

     29,600        365,721  

Azbil Corp.

     17,200        801,373  

Canon Electronics, Inc.

     15,300        340,240  

Citizen Watch Co., Ltd.

     88,400        635,050  

CONEXIO Corp.

     19,200        409,456  

Daiwabo Holdings Co., Ltd.

     5,200        228,096  

Dexerials Corp.

     37,600        390,672  

Enplas Corp.

     4,029        134,679  

ESPEC Corp.

     3,100        74,039  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      113  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

FTGroup Co., Ltd.(a)

     13,900      $ 121,813  

Hakuto Co., Ltd.

     8,500        124,842  

Horiba Ltd.

     5,400        418,392  

Ibiden Co., Ltd.

     29,400        437,614  

Iriso Electronics Co., Ltd.(a)

     3,100        190,343  

Japan Aviation Electronics Industry Ltd.(a)

     18,000        254,725  

Kaga Electronics Co., Ltd.

     9,200        238,672  

Koa Corp.

     3,600        74,471  

Kyosan Electric Manufacturing Co., Ltd.

     34,000        209,723  

Macnica Fuji Electronics Holdings, Inc.

     18,100        326,600  

Marubun Corp.

     16,200        150,042  

Nippon Signal Co., Ltd.

     8,700        80,987  

Nissha Co., Ltd.(a)

     4,600        123,402  

Nohmi Bosai Ltd.

     8,866        189,908  

Oki Electric Industry Co., Ltd.(a)

     26,700        354,243  

Optex Group Co., Ltd.

     6,600        174,449  

Osaki Electric Co., Ltd.

     18,200        133,141  

Ryoden Corp.

     9,300        152,945  

Ryosan Co., Ltd.

     13,600        490,418  

Sanshin Electronics Co., Ltd.

     12,100        247,916  

Satori Electric Co., Ltd.

     14,500        149,295  

Siix Corp.(a)

     8,000        176,700  

Sumida Corp.(a)

     5,400        69,867  

Taiyo Yuden Co., Ltd.(a)

     16,600        281,427  

Tamura Corp.(a)

     27,900        213,546  

Topcon Corp.

     13,200        257,794  

UKC Holdings Corp.

     5,000        104,090  

V Technology Co., Ltd.(a)

     100        28,679  

Vitec Holdings Co., Ltd.

     9,100        187,220  
     

 

 

 
Total Electronic Equipment, Instruments & Components        10,041,572  
Energy Equipment & Services – 0.3%  

Modec, Inc.

     9,700        242,523  

Shinko Plantech Co., Ltd.

     34,300        308,651  
     

 

 

 
Total Energy Equipment & Services               551,174  
Food & Staples Retailing – 2.5%  

Ain Holdings, Inc.

     2,100        156,982  

Arcs Co., Ltd.

     13,200        318,612  

Axial Retailing, Inc.

     3,900        148,336  

Belc Co., Ltd.

     1,100        63,300  

Cawachi Ltd.

     2,300        56,597  

Cocokara fine, Inc.

     4,000        273,437  

Create SD Holdings Co., Ltd.

     7,700        200,265  

Heiwado Co., Ltd.

     8,200        198,388  

Inageya Co., Ltd.

     7,900        135,121  

Kato Sangyo Co., Ltd.

     9,300        325,740  

Kobe Bussan Co., Ltd.(a)

     4,800        217,095  

Life Corp.

     4,800        132,423  

Matsumotokiyoshi Holdings Co., Ltd.

     18,400        778,561  

Ministop Co., Ltd.

     6,400        131,129  

Mitsubishi Shokuhin Co., Ltd.

     9,600        275,317  

Okuwa Co., Ltd.

     6,000        61,495  

Qol Co., Ltd.

     8,200        160,916  

San-A Co., Ltd.

     3,900        224,796  

Shoei Foods Corp.(a)

     1,500      58,533  

Sogo Medical Co., Ltd.

     4,000        113,775  

United Super Markets Holdings, Inc.

     18,000        191,425  

Valor Holdings Co., Ltd.

     15,400        417,038  

Yamatane Corp.

     9,400        164,754  

Yaoko Co., Ltd.

     4,900        264,006  

Yokohama Reito Co., Ltd.(a)

     22,000        216,173  
     

 

 

 
Total Food & Staples Retailing               5,284,214  
Food Products – 2.7%  

Ariake Japan Co., Ltd.

     2,600        208,293  

Feed One Co., Ltd.

     67,300        136,688  

Fuji Oil Holdings, Inc.

     17,951        541,822  

Fujicco Co., Ltd.

     5,900        132,812  

Hokuto Corp.(a)

     15,800        300,846  

House Foods Group, Inc.

     12,900        428,787  

Itoham Yonekyu Holdings, Inc.

     60,000        521,862  

Kagome Co., Ltd.

     8,300        291,495  

Kameda Seika Co., Ltd.(a)

     3,300        159,492  

Marudai Food Co., Ltd.

     39,000        188,124  

Maruha Nichiro Corp.

     9,100        290,926  

Megmilk Snow Brand Co., Ltd.

     10,500        284,048  

Mitsui Sugar Co., Ltd.

     10,400        401,918  

Morinaga & Co., Ltd.

     2,000        88,105  

Morinaga Milk Industry Co., Ltd.

     4,900        199,502  

Nippon Flour Mills Co., Ltd.

     16,300        252,738  

Nippon Suisan Kaisha Ltd.

     23,300        120,937  

Nisshin Oillio Group Ltd. (The)

     7,000        192,525  

Prima Meat Packers Ltd.

     20,000        114,716  

S Foods, Inc.

     3,600        150,466  

Sakata Seed Corp.

     4,500        159,309  

Showa Sangyo Co., Ltd.

     8,200        213,269  

Starzen Co., Ltd.(a)

     3,700        180,912  

Warabeya Nichiyo Holdings Co., Ltd.

     3,200        79,586  
     

 

 

 
Total Food Products               5,639,178  
Gas Utilities – 0.4%  

Nippon Gas Co., Ltd.(a)

     5,400        252,355  

Saibu Gas Co., Ltd.

     10,700        276,983  

Shizuoka Gas Co., Ltd.

     23,700        213,267  
     

 

 

 
Total Gas Utilities               742,605  
Health Care Equipment & Supplies – 1.6%  

Asahi Intecc Co., Ltd.

     8,600        340,846  

Eiken Chemical Co., Ltd.(a)

     9,000        226,798  

Hogy Medical Co., Ltd.

     7,600        306,930  

Jeol Ltd.

     11,000        101,260  

Mani, Inc.

     5,900        234,669  

Nagaileben Co., Ltd.

     13,100        359,188  

Nakanishi, Inc.

     13,200        268,841  

Nihon Kohden Corp.

     15,300        425,983  

Nikkiso Co., Ltd.

     16,700        173,988  

Nipro Corp.

     42,423        613,109  

Paramount Bed Holdings Co., Ltd.

     5,903        301,394  
     

 

 

 
Total Health Care Equipment & Supplies               3,353,006  

 

See Notes to Financial Statements.

 

114   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Health Care Providers & Services – 1.4%  

As One Corp.

     5,300      $ 337,884  

BML, Inc.

     10,500        268,152  

Japan Lifeline Co., Ltd.(a)

     7,000        204,043  

Miraca Holdings, Inc.

     14,800        578,223  

NichiiGakkan Co., Ltd.

     21,100        236,693  

Ship Healthcare Holdings, Inc.

     10,859        382,899  

Solasto Corp.

     10,700        297,206  

Toho Holdings Co., Ltd.

     15,200        358,168  

Vital KSK Holdings, Inc.

     26,700        262,858  
     

 

 

 
Total Health Care Providers & Services               2,926,126  
Hotels, Restaurants & Leisure – 2.8%  

Create Restaurants Holdings, Inc.(a)

     18,500        219,530  

Doutor Nichires Holdings Co., Ltd.

     8,600        201,516  

Hiday Hidaka Corp.

     6,120        152,669  

Hiramatsu, Inc.(a)

     30,200        144,540  

HIS Co., Ltd.

     4,400        159,699  

Ichibanya Co., Ltd.(a)

     4,500        185,755  

KFC Holdings Japan Ltd.

     14,000        262,887  

KOMEDA Holdings Co., Ltd.

     15,300        291,038  

Koshidaka Holdings Co., Ltd.

     2,000        136,906  

Kyoritsu Maintenance Co., Ltd.(a)

     5,400        258,448  

MOS Food Services, Inc.(a)

     4,300        128,171  

Ohsho Food Service Corp.

     6,200        306,648  

Plenus Co., Ltd.(a)

     13,000        252,299  

Resorttrust, Inc.

     25,600        537,516  

Round One Corp.

     22,700        359,443  

Saizeriya Co., Ltd.

     3,400        96,869  

SFP Holdings Co., Ltd.(a)

     4,100        70,974  

Skylark Co., Ltd.(a)

     48,300        695,774  

St. Marc Holdings Co., Ltd.

     6,300        182,454  

Tokyo Dome Corp.

     20,700        197,171  

Tokyotokeiba Co., Ltd.

     6,500        240,503  

Toridoll Holdings Corp.

     4,200        153,032  

Yoshinoya Holdings Co., Ltd.

     10,300        206,581  

Zensho Holdings Co., Ltd.(a)

     13,400        305,170  
     

 

 

 
Total Hotels, Restaurants & Leisure               5,745,593  
Household Durables – 2.4%  

Alpine Electronics, Inc.(a)

     15,600        294,104  

Clarion Co., Ltd.

     20,000        62,435  

Cleanup Corp.

     23,900        183,155  

ES-Con Japan Ltd.

     28,100        265,279  

Foster Electric Co., Ltd.

     6,906        168,770  

France Bed Holdings Co., Ltd.(a)

     5,500        48,716  

Fuji Corp., Ltd.

     29,500        249,647  

Fujitsu General Ltd.

     11,200        200,410  

JVC Kenwood Corp.

     33,300        111,157  

Ki-Star Real Estate Co., Ltd.(a)

     4,500        113,611  

Meiwa Estate Co., Ltd.

     14,200        100,275  

Misawa Homes Co., Ltd.

     11,100        92,683  

Mitsui Home Co., Ltd.

     20,000        127,503  

Nihon House Holdings Co., Ltd.

     30,500        166,051  

Nissei Build Kogyo Co., Ltd.

     15,700        188,223  

Pressance Corp.

     9,400      142,834  

Sanei Architecture Planning Co., Ltd.

     5,700        120,164  

Sangetsu Corp.

     27,100        561,621  

Starts Corp., Inc.

     12,600        342,753  

Sumitomo Forestry Co., Ltd.

     40,700        652,884  

Tamron Co., Ltd.

     9,400        197,988  

TOA Corp.

     5,600        69,348  

Token Corp.(a)

     2,000        201,410  

Zojirushi Corp.(a)

     17,000        243,771  
     

 

 

 
Total Household Durables               4,904,792  
Household Products – 0.1%  

Earth Corp.(a)

     4,000        211,378  
Independent Power & Renewable Electricity Producers – 0.0%  

West Holdings Corp.(a)

     13,500        82,891  
Industrial Conglomerates – 0.6%  

Nisshinbo Holdings, Inc.

     57,000        766,968  

TOKAI Holdings Corp.

     47,300        479,449  
     

 

 

 
Total Industrial Conglomerates               1,246,417  
Internet & Catalog Retail – 0.2%  

ASKUL Corp.(a)

     7,900        266,305  

Belluna Co., Ltd.

     18,100        214,613  
     

 

 

 
Total Internet & Catalog Retail               480,918  
Internet Software & Services – 1.1%  

COOKPAD, Inc.(a)

     14,900        83,782  

Dip Corp.

     10,500        332,722  

F@N Communications, Inc.

     9,500        63,333  

GMO Internet, Inc.(a)

     24,700        497,716  

Gurunavi, Inc.(a)

     9,400        131,079  

Infomart Corp.(a)

     10,700        102,724  

Internet Initiative Japan, Inc.

     7,600        154,144  

Kakaku.com, Inc.(a)

     46,900        821,136  
     

 

 

 
Total Internet Software & Services               2,186,636  
IT Services – 2.1%  

Digital Garage, Inc.

     3,900        130,550  

DTS Corp.

     7,300        252,600  

Future Corp.

     17,300        215,864  

GMO Payment Gateway, Inc.(a)

     1,800        179,069  

Information Services International-Dentsu Ltd.

     8,000        215,439  

Kanematsu Electronics Ltd.

     8,400        246,037  

Mitsubishi Research Institute, Inc.

     7,100        223,982  

NEC Networks & System Integration Corp.

     17,000        443,263  

NET One Systems Co., Ltd.

     32,000        488,350  

Nihon Unisys Ltd.

     23,400        504,745  

NS Solutions Corp.

     21,700        620,291  

TIS, Inc.

     12,200        482,952  

Transcosmos, Inc.

     17,500        451,528  
     

 

 

 
Total IT Services               4,454,670  
Leisure Products – 1.6%  

Daikoku Denki Co., Ltd.(a)

     5,300        87,760  

Fields Corp.(a)

     20,200        221,279  

Furyu Corp.(a)

     7,900        73,317  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      115  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Heiwa Corp.(a)

     37,600      $ 756,243  

Mizuno Corp.

     5,600        170,080  

Sankyo Co., Ltd.

     38,400        1,354,020  

Tomy Co., Ltd.

     2,700        27,724  

Universal Entertainment Corp.*(a)

     13,300        609,661  
     

 

 

 
Total Leisure Products               3,300,084  
Life Sciences Tools & Services – 0.1%  

EPS Holdings, Inc.

     8,000        164,363  
Machinery – 6.6%  

Aichi Corp.(a)

     17,800        121,345  

Aida Engineering Ltd.

     21,700        262,400  

Alinco, Inc.

     15,200        157,074  

Anest Iwata Corp.

     4,100        44,450  

Asahi Diamond Industrial Co., Ltd.

     8,800        92,675  

Bando Chemical Industries Ltd.

     21,900        251,021  

CKD Corp.

     14,700        327,173  

DMG Mori Co., Ltd.

     18,500        345,820  

Ebara Corp.

     18,100        657,795  

Fujitec Co., Ltd.

     21,600        284,344  

Furukawa Co., Ltd.

     8,300        154,918  

Giken Ltd.(a)

     3,800        107,551  

Glory Ltd.

     11,100        396,093  

Harmonic Drive Systems, Inc.(a)

     5,000        287,259  

Hirata Corp.(a)

     700        64,372  

Hitachi Zosen Corp.

     28,335        145,205  

Hosokawa Micron Corp.

     600        41,467  

Japan Steel Works Ltd. (The)

     11,003        351,248  

Juki Corp.

     7,300        102,619  

Kato Works Co., Ltd.(a)

     4,600        105,841  

Kitagawa Iron Works Co., Ltd.

     4,700        119,809  

Kito Corp.

     12,400        231,443  

Kitz Corp.

     27,300        234,623  

Kurita Water Industries Ltd.

     17,500        555,360  

Kyokuto Kaihatsu Kogyo Co., Ltd.

     7,700        113,455  

Makino Milling Machine Co., Ltd.

     16,000        150,146  

Max Co., Ltd.

     13,200        169,546  

Meidensha Corp.

     36,000        137,433  

METAWATER Co., Ltd.

     5,700        178,209  

Mitsubishi Logisnext Co., Ltd.

     12,400        104,354  

Mitsuboshi Belting Ltd.

     10,000        110,672  

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

     11,200        182,191  

Miura Co., Ltd.

     10,300        324,932  

Morita Holdings Corp.

     6,200        117,412  

Nachi-Fujikoshi Corp.

     53,000        321,937  

Nippon Thompson Co., Ltd.

     23,200        185,425  

Nissei ASB Machine Co., Ltd.

     3,400        236,258  

Nitta Corp.

     5,500        204,537  

Noritake Co., Ltd.

     3,500        151,716  

NTN Corp.

     115,700        483,035  

Obara Group, Inc.

     2,700        159,944  

Oiles Corp.

     4,300        91,580  

OKUMA Corp.

     5,200        306,084  

OSG Corp.

     18,900        433,980  

Rheon Automatic Machinery Co., Ltd.

     4,300      87,294  

Ryobi Ltd.

     9,200        242,479  

Shibuya Corp.

     4,000        144,053  

Shima Seiki Manufacturing Ltd.(a)

     4,100        284,899  

Shinmaywa Industries Ltd.

     13,500        111,072  

Sodick Co., Ltd.

     13,100        171,587  

Star Micronics Co., Ltd.

     15,700        292,447  

Tadano Ltd.

     23,300        349,445  

Takeuchi Manufacturing Co., Ltd.

     4,900        109,426  

Takuma Co., Ltd.

     10,300        112,733  

Tocalo Co., Ltd.

     24,000        292,694  

Toshiba Machine Co., Ltd.

     46,000        323,535  

Tsubaki Nakashima Co., Ltd.

     17,500        453,503  

Tsubakimoto Chain Co.

     50,000        407,146  

Tsugami Corp.

     14,000        176,135  

Union Tool Co.

     4,500        158,886  

YAMABIKO Corp.

     10,500        137,334  

Yushin Precision Equipment Co., Ltd.(a)

     9,000        146,149  
     

 

 

 
Total Machinery               13,605,568  
Marine – 0.1%  

Iino Kaiun Kaisha Ltd.

     32,300        154,590  

NS United Kaiun Kaisha Ltd.

     3,700        75,496  
     

 

 

 
Total Marine               230,086  
Media – 1.4%  

Asahi Broadcasting Corp.

     4,600        38,063  

Avex, Inc.

     24,500        344,405  

D.A. Consortium Holdings, Inc.

     7,700        184,916  

Daiichikosho Co., Ltd.

     13,700        726,544  

Kadokawa Dwango(a)

     12,500        130,348  

LIFULL Co., Ltd.(a)

     14,200        128,047  

SKY Perfect JSAT Holdings, Inc.

     141,300        635,086  

Toei Co., Ltd.

     1,000        108,886  

Tri-Stage, Inc.(a)

     1,000        4,702  

Tv Tokyo Holdings Corp.

     5,400        141,969  

Wowow, Inc.

     7,400        232,750  

Zenrin Co., Ltd.

     9,000        190,155  
     

 

 

 
Total Media               2,865,871  
Metals & Mining – 2.6%  

Aichi Steel Corp.

     4,300        176,286  

Asahi Holdings, Inc.

     13,400        249,604  

Daido Steel Co., Ltd.

     7,900        404,100  

Daiki Aluminium Industry Co., Ltd.

     8,200        57,442  

Dowa Holdings Co., Ltd.(a)

     15,500        555,289  

Godo Steel Ltd.(a)

     5,800        116,273  

Kurimoto Ltd.

     3,400        64,707  

Kyoei Steel Ltd.(a)

     11,900        205,215  

Maruichi Steel Tube Ltd.(a)

     29,700        909,013  

Mitsubishi Steel Manufacturing Co., Ltd.

     4,000        92,073  

Mitsui Mining & Smelting Co., Ltd.

     10,300        467,785  

Nippon Denko Co., Ltd.(a)

     20,700        65,399  

Nippon Light Metal Holdings Co., Ltd.

     218,500        585,543  

Nittetsu Mining Co., Ltd.

     2,100        121,636  

 

See Notes to Financial Statements.

 

116   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Sanyo Special Steel Co., Ltd.

     7,800      $ 195,825  

Toho Zinc Co., Ltd.(a)

     3,400        161,768  

Tokyo Rope Manufacturing Co., Ltd.(a)

     4,800        94,872  

Tokyo Steel Manufacturing Co., Ltd.(a)

     20,000        160,790  

Topy Industries Ltd.

     6,200        180,724  

Toyo Kohan Co., Ltd.

     33,200        222,894  

UACJ Corp.(a)

     10,653        273,462  
     

 

 

 
Total Metals & Mining               5,360,700  
Multiline Retail – 0.6%  

H2O Retailing Corp.

     29,600        541,623  

Parco Co., Ltd.(a)

     22,100        296,329  

Sanyo Electric Railway Co., Ltd.

     800        19,844  

Takashimaya Co., Ltd.

     50,000        480,019  
     

 

 

 
Total Multiline Retail               1,337,815  
Oil, Gas & Consumable Fuels – 0.9%  

BP Castrol K.K.

     12,100        189,663  

Cosmo Energy Holdings Co., Ltd.

     26,800        868,134  

Fuji Oil Co., Ltd.

     34,900        137,828  

Itochu Enex Co., Ltd.

     48,700        457,464  

San-Ai Oil Co., Ltd.

     21,300        313,441  
     

 

 

 
Total Oil, Gas & Consumable Fuels               1,966,530  
Paper & Forest Products – 0.7%  

Chuetsu Pulp & Paper Co., Ltd.(a)

     2,899        51,983  

Daiken Corp.

     9,000        212,581  

Daio Paper Corp.(a)

     14,400        203,103  

Hokuetsu Kishu Paper Co., Ltd.(a)

     31,500        203,188  

Nippon Paper Industries Co., Ltd.(a)

     38,300        715,221  
     

 

 

 
Total Paper & Forest Products               1,386,076  
Personal Products – 1.2%  

Artnature, Inc.

     26,900        180,092  

Ci:z Holdings Co., Ltd.

     8,100        403,667  

Fancl Corp.(a)

     20,800        761,787  

Mandom Corp.

     8,600        296,775  

Milbon Co., Ltd.

     7,000        309,685  

Noevir Holdings Co., Ltd.

     8,500        613,023  
     

 

 

 
Total Personal Products               2,565,029  
Pharmaceuticals – 2.0%  

Fuji Pharma Co., Ltd.

     4,600        214,969  

JCR Pharmaceuticals Co., Ltd.

     4,200        239,718  

Kaken Pharmaceutical Co., Ltd.

     12,900        761,749  

KYORIN Holdings, Inc.

     16,200        304,502  

Mochida Pharmaceutical Co., Ltd.

     4,600        323,536  

Nichi-iko Pharmaceutical Co., Ltd.

     14,000        220,498  

Rohto Pharmaceutical Co., Ltd.

     14,200        397,226  

Sawai Pharmaceutical Co., Ltd.(a)

     8,100        355,684  

Seikagaku Corp.

     10,000        182,417  

Torii Pharmaceutical Co., Ltd.(a)

     5,900        155,780  

Towa Pharmaceutical Co., Ltd.

     3,700        231,359  

Tsumura & Co.

     14,200        488,021  

ZERIA Pharmaceutical Co., Ltd.

     9,800        196,092  
     

 

 

 
Total Pharmaceuticals               4,071,551  
Professional Services – 1.9%  

Altech Corp.(a)

     7,200      166,274  

Benefit One, Inc.(a)

     9,400        260,124  

en-japan, Inc.

     4,800        278,477  

FULLCAST Holdings Co., Ltd.

     6,200        153,441  

Funai Soken Holdings, Inc.

     6,340        135,742  

JAC Recruitment Co., Ltd.(a)

     6,200        132,686  

Japan Asia Group Ltd.

     9,800        48,931  

Meitec Corp.

     11,000        609,215  

Nihon M&A Center, Inc.

     10,600        364,795  

Nomura Co., Ltd.

     9,000        194,640  

Pasco Corp.*

     2,000        5,999  

Space Co., Ltd.(a)

     14,390        198,903  

Tanseisha Co., Ltd.

     8,400        102,680  

TechnoPro Holdings, Inc.

     9,500        572,590  

Weathernews, Inc.

     4,100        130,113  

World Holdings Co., Ltd.

     4,500        192,948  

Yumeshin Holdings Co., Ltd.

     34,400        380,389  
     

 

 

 
Total Professional Services               3,927,947  
Real Estate Management & Development – 3.4%  

Airport Facilities Co., Ltd.

     9,600        57,140  

Daibiru Corp.

     20,100        233,035  

Daikyo, Inc.(a)

     29,800        603,285  

Goldcrest Co., Ltd.

     8,300        177,472  

Heiwa Real Estate Co., Ltd.

     3,800        73,249  

Investors Cloud Co., Ltd.(a)

     5,200        119,157  

Keihanshin Building Co., Ltd.

     31,500        263,907  

Kenedix, Inc.

     29,500        183,630  

Leopalace21 Corp.

     106,300        886,583  

Nippon Commercial Development Co., Ltd.(a)

     7,900        128,213  

NTT Urban Development Corp.

     66,800        816,549  

Open House Co., Ltd.

     16,800        1,042,595  

Raysum Co., Ltd.

     14,900        186,057  

Relo Group, Inc.

     14,680        406,650  

SAMTY Co., Ltd.(a)

     10,000        173,954  

Shinoken Group Co., Ltd.

     2,300        71,584  

Sun Frontier Fudousan Co., Ltd.(a)

     12,900        142,161  

Takara Leben Co., Ltd.(a)

     39,100        169,121  

TOC Co., Ltd.

     14,800        120,376  

Tokyo Tatemono Co., Ltd.

     42,000        633,061  

Tosei Corp.

     29,400        350,257  

Unizo Holdings Co., Ltd.(a)

     7,500        181,876  
     

 

 

 
Total Real Estate Management & Development               7,019,912  
Road & Rail – 2.4%  

Fukuyama Transporting Co., Ltd.(a)

     9,200        406,150  

Hitachi Transport System Ltd.

     17,800        500,442  

Ichinen Holdings Co., Ltd.

     11,500        162,741  

Maruzen Showa Unyu Co., Ltd.

     46,000        220,592  

Nankai Electric Railway Co., Ltd.

     11,600        290,791  

Nikkon Holdings Co., Ltd.

     18,000        472,214  

Nishi-Nippon Railroad Co., Ltd.

     8,200        214,349  

Sakai Moving Service Co., Ltd.

     2,400        123,216  

Sankyu, Inc.

     10,600        525,266  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      117  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Seino Holdings Co., Ltd.

     46,300      $ 852,425  

Senko Group Holdings Co., Ltd.(a)

     45,300        352,688  

Sotetsu Holdings, Inc.

     23,600        627,558  

Tonami Holdings Co., Ltd.

     2,400        141,946  
     

 

 

 
Total Road & Rail               4,890,378  
Semiconductors & Semiconductor Equipment – 1.0%  

Japan Material Co., Ltd.(a)

     10,500        136,248  

Lasertec Corp.

     11,800        433,832  

MegaChips Corp.*(a)

     5,092        183,379  

Mimasu Semiconductor Industry Co., Ltd.

     8,600        155,746  

NuFlare Technology, Inc.

     3,200        203,103  

Shindengen Electric Manufacturing Co., Ltd.

     2,400        158,646  

Shinko Electric Industries Co., Ltd.

     45,200        338,735  

Tokyo Seimitsu Co., Ltd.

     8,900        359,431  

Ulvac, Inc.

     1,300        72,976  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        2,042,096  
Software – 1.7%  

Broadleaf Co., Ltd.

     30,400        151,214  

Capcom Co., Ltd.

     29,400        635,549  

COLOPL, Inc.(a)

     18,800        163,694  

Fuji Soft, Inc.

     4,000        160,226  

GungHo Online Entertainment, Inc.(a)

     135,400        460,882  

Koei Tecmo Holdings Co., Ltd.

     29,200        570,546  

Marvelous, Inc.(a)

     18,300        156,759  

Miroku Jyoho Service Co., Ltd.

     4,200        125,585  

MTI Ltd.

     16,300        100,850  

NSD Co., Ltd.

     10,300        210,261  

OBIC Business Consultants Co., Ltd.(a)

     4,700        300,959  

SRA Holdings(a)

     4,300        123,521  

Systena Corp.

     7,100        293,080  
     

 

 

 
Total Software               3,453,126  
Specialty Retail – 5.1%  

Adastria Co., Ltd.(a)

     12,722        259,464  

Alpen Co., Ltd.

     14,400        321,038  

AOKI Holdings, Inc.

     26,900        412,037  

Aoyama Trading Co., Ltd.

     31,500        1,241,044  

Arcland Sakamoto Co., Ltd.

     9,900        164,767  

Autobacs Seven Co., Ltd.

     34,000        637,480  

Bic Camera, Inc.

     19,100        300,643  

Chiyoda Co., Ltd.

     11,100        278,778  

DCM Holdings Co., Ltd.

     41,900        425,501  

EDION Corp.

     38,500        448,171  

Geo Holdings Corp.(a)

     23,700        379,735  

Gfoot Co., Ltd.(a)

     8,700        62,745  

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

     8,800        89,448  

Honeys Holdings Co., Ltd.

     1,200        11,498  

IDOM, Inc.

     21,400        151,319  

JINS, Inc.(a)

     800        44,532  

Joshin Denki Co., Ltd.

     3,100        113,244  

K’s Holdings Corp.

     72,668        1,005,121  

Keiyo Co., Ltd.(a)

     15,700        82,080  

Kohnan Shoji Co., Ltd.

     8,200        195,767  

Komeri Co., Ltd.

     9,200        245,160  

Konaka Co., Ltd.

     23,900      131,691  

Kyoto Kimono Yuzen Co., Ltd.(a)

     1,900        13,703  

Nishimatsuya Chain Co., Ltd.

     20,200        227,737  

Nojima Corp.

     8,400        198,646  

PAL GROUP Holdings Co., Ltd.

     6,900        191,137  

PC Depot Corp.(a)

     17,600        119,319  

Right On Co., Ltd.(a)

     8,800        77,202  

Sanrio Co., Ltd.(a)

     35,657        648,096  

Shimachu Co., Ltd.

     19,100        610,625  

T-Gaia Corp.

     23,500        654,288  

United Arrows Ltd.

     8,000        308,415  

VT Holdings Co., Ltd.(a)

     45,354        231,568  

Xebio Holdings Co., Ltd.

     8,700        172,446  

Yellow Hat Ltd.

     4,800        142,398  
     

 

 

 
Total Specialty Retail               10,596,843  
Technology Hardware, Storage & Peripherals – 0.5%  

Elecom Co., Ltd.

     8,900        212,646  

Maxell Holdings Ltd.

     9,600        187,035  

MCJ Co., Ltd.

     13,800        178,810  

Riso Kagaku Corp.

     13,500        251,467  

Roland DG Corp.

     3,600        82,900  

Wacom Co., Ltd.(a)

     32,600        163,996  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               1,076,854  
Textiles, Apparel & Luxury Goods – 1.5%  

Descente Ltd.

     9,100        143,666  

Fujibo Holdings, Inc.

     3,400        123,404  

Goldwin, Inc.(a)

     1,600        95,985  

Gunze Ltd.

     5,300        300,508  

Japan Wool Textile Co., Ltd. (The)

     36,600        359,289  

Kurabo Industries Ltd.

     83,000        261,448  

Onward Holdings Co., Ltd.

     62,639        543,637  

Seiko Holdings Corp.

     13,700        331,583  

Seiren Co., Ltd.

     14,300        267,175  

Wacoal Holdings Corp.

     19,100        553,155  

Yondoshi Holdings, Inc.(a)

     8,200        212,575  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               3,192,425  
Trading Companies & Distributors – 3.3%  

Advan Co., Ltd.(a)

     10,300        95,882  

Alconix Corp.

     10,600        212,199  

Daiichi Jitsugyo Co., Ltd.

     1,400        40,611  

Gecoss Corp.

     14,900        154,954  

Hanwa Co., Ltd.

     10,800        454,951  

Inaba Denki Sangyo Co., Ltd.

     9,200        407,015  

Inabata & Co., Ltd.

     24,600        373,800  

Iwatani Corp.(a)

     6,000        221,721  

Japan Pulp & Paper Co., Ltd.

     4,200        169,619  

Kamei Corp.

     10,400        145,903  

Kanamoto Co., Ltd.

     4,600        153,117  

Kanematsu Corp.

     16,400        225,452  

Mitsui Matsushima Co., Ltd.

     9,400        133,818  

Nagase & Co., Ltd.

     30,400        515,957  

Nippon Steel & Sumikin Bussan Corp.

     11,996        664,376  

 

See Notes to Financial Statements.

 

118   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Nishio Rent All Co., Ltd.

     4,500      $ 137,729  

Onoken Co., Ltd.

     9,400        164,047  

Sanyo Trading Co., Ltd.(a)

     4,800        91,306  

Seika Corp.

     4,700        117,732  

Sojitz Corp.(a)

     441,000        1,414,020  

Trusco Nakayama Corp.

     9,500        235,557  

Wakita & Co., Ltd.

     12,700        141,867  

Yamazen Corp.

     24,400        254,898  

Yuasa Trading Co., Ltd.

     9,400        310,240  
     

 

 

 
Total Trading Companies & Distributors               6,836,771  
Transportation Infrastructure – 0.4%  

Japan Airport Terminal Co., Ltd.(a)

     5,800        221,693  

Kamigumi Co., Ltd.

     15,900        355,227  

Mitsubishi Logistics Corp.(a)

     3,700        78,627  

Nissin Corp.

     6,000        158,138  
     

 

 

 
Total Transportation Infrastructure               813,685  
TOTAL COMMON STOCKS
(Cost: $172,262,286)
              205,307,820  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.0%  
United States – 11.0%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.74%(b)

 

  
(Cost: $22,883,309)(c)      22,883,309      22,883,309  
TOTAL INVESTMENTS IN SECURITIES – 110.0%
(Cost: $195,145,595)
       228,191,129  

Other Assets less Liabilities – (10.0)%

        (20,757,553
     

 

 

 
NET ASSETS – 100.0%             $ 207,433,576  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $35,254,827 and the total market value of the collateral held by the Fund was $37,637,530. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,754,221.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty   Settlement
Date
    Amount and Description of
Currency to be Purchased
    Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Bank of America N.A.     4/4/2018       4,764,818,307       JPY       44,812,114       USD     $     $ (6,095
Bank of America N.A.     4/4/2018       44,812,114       USD       4,770,106,136       JPY             (43,629
Bank of America N.A.     5/7/2018       42,939,144       USD       4,556,431,444       JPY       14,886        
Bank of Montreal     4/4/2018       44,812,114       USD       4,770,038,918       JPY             (42,997
Barclays Bank PLC     4/4/2018       4,764,898,968       JPY       44,812,114       USD             (5,337
Barclays Bank PLC     4/4/2018       44,812,114       USD       4,770,047,880       JPY             (43,081
Barclays Bank PLC     5/7/2018       42,939,144       USD       4,556,586,025       JPY       13,430        
Canadian Imperial Bank of Commerce     4/4/2018       44,812,114       USD       4,770,966,529       JPY             (51,720
Citibank N.A.     4/4/2018       4,764,957,224       JPY       44,812,114       USD             (4,789
Citibank N.A.     5/7/2018       42,939,144       USD       4,556,607,495       JPY       13,227        
Credit Suisse International     4/2/2018       75,225       USD       8,000,000       JPY       2        
Credit Suisse International     4/4/2018       4,764,885,525       JPY       44,812,114       USD             (5,463
Credit Suisse International     5/7/2018       42,939,144       USD       4,556,530,204       JPY       13,956        
Goldman Sachs     4/4/2018       3,630,355,036       JPY       34,142,565       USD             (4,483
Goldman Sachs     5/7/2018       32,715,542       USD       3,471,734,058       JPY       9,770        

State Street Bank and Trust

    4/4/2018       34,142,565       USD       3,634,274,603       JPY             (32,374
                                            $ 65,271     $ (239,968

 

CURRENCY LEGEND

JPY – Japanese yen

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      119  


Table of Contents

Schedule of Investments

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%  
Japan – 98.9%  
Air Freight & Logistics – 0.5%  

AIT Corp.

     54,200      $ 590,670  

Kintetsu World Express, Inc.

     51,800        973,168  

Konoike Transport Co., Ltd.

     84,000        1,454,894  

Maruwa Unyu Kikan Co., Ltd.(a)

     29,400        874,951  

SBS Holdings, Inc.(a)

     23,000        299,097  

Shibusawa Warehouse Co., Ltd. (The)

     44,400        753,151  
     

 

 

 
Total Air Freight & Logistics               4,945,931  
Auto Components – 5.0%  

Aisan Industry Co., Ltd.

     76,500        819,309  

Daido Metal Co., Ltd.

     61,700        710,116  

Daikyonishikawa Corp.

     61,600        1,010,159  

Eagle Industry Co., Ltd.

     78,100        1,370,330  

Exedy Corp.

     76,725        2,420,427  

FCC Co., Ltd.

     59,700        1,677,887  

G-Tekt Corp.

     29,600        570,012  

H-One Co., Ltd.

     32,800        428,389  

Imasen Electric Industrial

     55,200        632,192  

Kasai Kogyo Co., Ltd.

     53,500        693,714  

Keihin Corp.

     135,821        2,768,782  

KYB Corp.

     20,740        984,833  

Mitsuba Corp.

     29,300        376,616  

Musashi Seimitsu Industry Co., Ltd.

     33,500        1,132,416  

NHK Spring Co., Ltd.

     299,300        3,166,079  

Nifco, Inc.(a)

     117,572        4,013,036  

Nihon Tokushu Toryo Co., Ltd.

     12,100        241,659  

Nissin Kogyo Co., Ltd.

     76,300        1,318,659  

Pacific Industrial Co., Ltd.

     60,700        836,159  

Piolax, Inc.

     22,400        587,223  

Press Kogyo Co., Ltd.

     160,900        957,684  

Sanoh Industrial Co., Ltd.

     116,500        819,389  

Shoei Co., Ltd.

     33,800        1,320,536  

Sumitomo Riko Co., Ltd.

     83,700        847,625  

Tachi-S Co., Ltd.

     27,300        488,499  

Taiho Kogyo Co., Ltd.

     80,000        1,142,642  

Tokai Rika Co., Ltd.

     145,658        2,984,380  

Topre Corp.

     53,900        1,560,997  

Toyo Tire & Rubber Co., Ltd.

     149,400        2,573,585  

Toyoda Gosei Co., Ltd.

     168,500        3,919,784  

TPR Co., Ltd.

     26,600        769,111  

TS Tech Co., Ltd.

     101,800        4,034,668  

Unipres Corp.

     49,203        1,113,140  

Yokohama Rubber Co., Ltd. (The)

     267,700        6,199,766  

Yorozu Corp.

     53,600        902,657  
     

 

 

 
Total Auto Components               55,392,460  
Automobiles – 0.1%  

Nissan Shatai Co., Ltd.

     74,700        781,769  
Banks – 6.7%  

77 Bank Ltd. (The)

     59,200        1,394,415  

Akita Bank Ltd. (The)

     2,200        58,853  

Aomori Bank Ltd. (The)

     30,062        910,199  

Awa Bank Ltd. (The)

     251,378      1,612,034  

Bank of Iwate Ltd. (The)

     22,500        890,691  

Bank of Kyoto Ltd. (The)(a)

     62,200        3,474,076  

Bank of Nagoya Ltd. (The)(a)

     23,669        880,215  

Bank of Okinawa Ltd. (The)

     31,380        1,324,835  

Bank of Saga Ltd. (The)

     25,244        553,540  

Bank of the Ryukyus Ltd.

     57,608        875,360  

Chugoku Bank Ltd. (The)

     187,200        2,205,563  

Daishi Bank Ltd. (The)

     52,055        2,300,503  

Ehime Bank Ltd. (The)(a)

     53,999        639,762  

Eighteenth Bank Ltd. (The)

     242,046        621,331  

FIDEA Holdings Co., Ltd.

     626,000        1,141,928  

Fukui Bank Ltd. (The)

     22,667        496,607  

Gunma Bank Ltd. (The)

     651,400        3,699,536  

Hachijuni Bank Ltd. (The)

     739,000        3,960,790  

Hiroshima Bank Ltd. (The)

     430,500        3,242,412  

Hokkoku Bank Ltd. (The)

     47,662        1,853,149  

Hokuetsu Bank Ltd. (The)

     33,000        719,887  

Hokuhoku Financial Group, Inc.

     218,100        2,959,269  

Hyakugo Bank Ltd. (The)

     224,400        1,061,337  

Hyakujushi Bank Ltd. (The)

     276,000        936,869  

Iyo Bank Ltd. (The)

     350,500        2,639,873  

Jimoto Holdings, Inc.

     536,500        948,397  

Juroku Bank Ltd. (The)

     23,100        615,783  

Kansai Urban Banking Corp.

     139,000        1,829,807  

Keiyo Bank Ltd. (The)

     288,684        1,289,374  

Kiyo Bank Ltd. (The)

     108,490        1,721,966  

Kyushu Financial Group, Inc.

     426,100        2,107,462  

Minato Bank Ltd. (The)

     30,400        600,282  

Miyazaki Bank Ltd. (The)

     29,200        907,438  

Musashino Bank Ltd. (The)

     56,600        1,785,548  

Nanto Bank Ltd. (The)

     27,000        728,124  

Nishi-Nippon Financial Holdings, Inc.

     241,900        2,806,813  

North Pacific Bank Ltd.

     565,915        1,889,044  

Ogaki Kyoritsu Bank Ltd. (The)

     30,342        764,042  

Oita Bank Ltd. (The)

     26,300        970,639  

San-In Godo Bank Ltd. (The)

     108,800        963,701  

Senshu Ikeda Holdings, Inc.

     411,940        1,549,375  

Shiga Bank Ltd. (The)

     278,923        1,405,761  

Shikoku Bank Ltd. (The)

     85,200        1,200,090  

Tochigi Bank Ltd. (The)

     85,543        329,785  

Toho Bank Ltd. (The)

     305,000        1,167,231  

Tokyo TY Financial Group, Inc.

     12,000        285,585  

TOMONY Holdings, Inc.

     134,077        596,318  

Towa Bank Ltd. (The)

     77,700        1,023,580  

Yamagata Bank Ltd. (The)(a)

     50,800        1,124,431  

Yamaguchi Financial Group, Inc.(a)

     253,000        3,064,071  

Yamanashi Chuo Bank Ltd. (The)

     303,000        1,247,898  
     

 

 

 
Total Banks               73,375,579  
Beverages – 0.3%  

Sapporo Holdings Ltd.

     58,098        1,693,501  

Takara Holdings, Inc.

     157,511        1,749,135  
     

 

 

 
Total Beverages               3,442,636  

 

See Notes to Financial Statements.

 

120   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Building Products – 1.6%  

Aica Kogyo Co., Ltd.

     79,815      $ 2,956,945  

Bunka Shutter Co., Ltd.

     34,100        331,221  

Central Glass Co., Ltd.

     34,186        796,548  

Nichias Corp.

     219,827        2,794,604  

Nichiha Corp.

     29,500        1,127,574  

Nitto Boseki Co., Ltd.

     35,199        746,676  

Noritz Corp.

     48,600        878,319  

Okabe Co., Ltd.

     31,100        291,553  

Sankyo Tateyama, Inc.

     29,500        440,766  

Sanwa Holdings Corp.

     297,166        3,836,473  

Shin Nippon Air Technologies Co., Ltd.

     23,100        345,142  

Sinko Industries Ltd.

     24,000        376,869  

Takara Standard Co., Ltd.

     52,231        878,129  

Takasago Thermal Engineering Co., Ltd.

     109,172        2,005,849  
     

 

 

 
Total Building Products               17,806,668  
Capital Markets – 3.4%  

GCA Corp.

     158,200        1,352,175  

Ichigo, Inc.(a)

     602,000        2,649,140  

Ichiyoshi Securities Co., Ltd.

     137,688        1,613,157  

IwaiCosmo Holdings, Inc.

     109,900        1,442,599  

kabu.com Securities Co., Ltd.

     577,200        1,986,415  

Kyokuto Securities Co., Ltd.

     105,200        1,521,369  

Marusan Securities Co., Ltd.(a)

     167,800        1,592,009  

Matsui Securities Co., Ltd.

     517,900        4,694,458  

Monex Group, Inc.

     193,094        628,214  

Okasan Securities Group, Inc.(a)

     541,000        3,235,317  

SBI Holdings, Inc.(a)

     461,700        10,562,446  

Sparx Group Co., Ltd.(a)

     238,700        646,409  

Tokai Tokyo Financial Holdings, Inc.

     760,800        5,257,997  
     

 

 

 
Total Capital Markets               37,181,705  
Chemicals – 7.6%  

Achilles Corp.

     53,700        1,102,276  

ADEKA Corp.

     136,625        2,464,003  

Arakawa Chemical Industries Ltd.

     35,100        622,460  

C.I. Takiron Corp.

     194,500        1,267,405  

Chugoku Marine Paints Ltd.

     129,200        1,268,310  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     22,742        938,762  

Denka Co., Ltd.

     125,500        4,206,935  

DIC Corp.

     137,100        4,595,783  

DKS Co., Ltd.(a)

     21,000        172,779  

Fujimi, Inc.

     30,300        656,714  

Fujimori Kogyo Co., Ltd.

     5,900        208,872  

Fuso Chemical Co., Ltd.

     29,400        759,673  

JCU Corp.

     15,800        376,021  

JSP Corp.(a)

     32,323        1,013,608  

Kaneka Corp.

     498,000        4,940,197  

KH Neochem Co., Ltd.

     65,800        1,976,784  

Konishi Co., Ltd.

     33,600        526,984  

Kumiai Chemical Industry Co., Ltd.

     23,124        139,592  

Kureha Corp.

     25,764        1,678,839  

Lintec Corp.

     107,165        3,113,680  

Nihon Nohyaku Co., Ltd.

     131,900      776,393  

Nihon Parkerizing Co., Ltd.

     131,000        2,140,837  

Nippon Kayaku Co., Ltd.

     191,000        2,347,315  

Nippon Shokubai Co., Ltd.

     50,500        3,428,397  

Nippon Soda Co., Ltd.

     208,091        1,177,910  

Nippon Valqua Industries Ltd.

     33,337        923,468  

NOF Corp.

     110,000        3,252,938  

Okamoto Industries, Inc.

     36,436        374,124  

Osaka Soda Co., Ltd.(a)

     34,600        914,208  

Riken Technos Corp.(a)

     108,400        516,773  

Sakai Chemical Industry Co., Ltd.

     400        10,509  

Sakata INX Corp.

     55,400        811,596  

Sanyo Chemical Industries Ltd.

     27,135        1,271,913  

Sekisui Plastics Co., Ltd.

     118,800        1,352,767  

Shikoku Chemicals Corp.

     79,000        1,166,986  

Showa Denko K.K.

     132,200        5,593,794  

Sumitomo Bakelite Co., Ltd.

     267,092        2,358,245  

Sumitomo Seika Chemicals Co., Ltd.

     21,000        1,005,078  

T Hasegawa Co., Ltd.

     29,800        564,337  

Taiyo Holdings Co., Ltd.

     49,591        2,130,991  

Toagosei Co., Ltd.

     194,500        2,291,570  

Tokai Carbon Co., Ltd.

     209,300        3,249,218  

Tokyo Ohka Kogyo Co., Ltd.

     50,800        1,822,304  

Toyo Ink SC Holdings Co., Ltd.

     515,512        3,199,228  

Toyobo Co., Ltd.

     83,053        1,639,194  

Ube Industries Ltd.(a)

     130,293        3,804,041  

Zeon Corp.

     216,000        3,123,723  
     

 

 

 
Total Chemicals               83,277,534  
Commercial Services & Supplies – 1.4%  

Aeon Delight Co., Ltd.

     54,800        1,983,827  

Bell System24 Holdings, Inc.

     135,500        2,009,248  

Daiseki Co., Ltd.

     27,007        741,264  

Itoki Corp.

     85,700        559,246  

Kokuyo Co., Ltd.

     87,003        1,712,245  

Kyodo Printing Co., Ltd.

     25,304        778,036  

Mitsubishi Pencil Co., Ltd.

     3,300        74,409  

Nichiban Co., Ltd.

     10,600        347,851  

Nippon Air Conditioning Services Co., Ltd.

     80,700        568,353  

Nippon Parking Development Co., Ltd.

     697,300        1,147,414  

Okamura Corp.

     135,876        1,852,564  

Pilot Corp.

     300        16,728  

Relia, Inc.(a)

     84,600        1,060,384  

Sato Holdings Corp.

     50,638        1,602,227  

Toppan Forms Co., Ltd.

     83,700        936,558  
     

 

 

 
Total Commercial Services & Supplies               15,390,354  
Construction & Engineering – 5.5%  

Asunaro Aoki Construction Co., Ltd.

     129,500        1,195,759  

COMSYS Holdings Corp.

     141,800        3,786,667  

Dai-Dan Co., Ltd.

     3,000        66,206  

Fudo Tetra Corp.

     85,500        151,946  

Hazama Ando Corp.(a)

     272,000        2,048,632  

Hibiya Engineering Ltd.

     49,500        915,529  

Kandenko Co., Ltd.

     213,138        2,428,992  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      121  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Kitano Construction Corp.

     216,651      $ 829,120  

Kumagai Gumi Co., Ltd.(a)

     47,600        1,530,719  

Kyowa Exeo Corp.(a)

     162,466        4,347,703  

Kyudenko Corp.

     59,790        2,940,307  

Maeda Corp.

     92,287        1,089,047  

Maeda Road Construction Co., Ltd.

     194,694        3,935,986  

Matsui Construction Co., Ltd.

     84,100        629,465  

Meisei Industrial Co., Ltd.

     105,800        719,261  

Mirait Holdings Corp.(a)

     84,900        1,352,333  

Nichireki Co., Ltd.

     74,800        864,402  

Nippo Corp.

     73,458        1,704,005  

Nippon Densetsu Kogyo Co., Ltd.

     48,000        950,071  

Nippon Koei Co., Ltd.

     21,600        657,038  

Nippon Road Co., Ltd. (The)(a)

     21,000        1,028,773  

Nishimatsu Construction Co., Ltd.

     102,807        2,550,116  

Okumura Corp.(a)

     102,170        4,030,119  

OSJB Holdings Corp.

     161,000        432,967  

Penta-Ocean Construction Co., Ltd.

     278,693        2,041,390  

Raito Kogyo Co., Ltd.

     74,500        769,168  

Sanki Engineering Co., Ltd.

     79,600        889,185  

Shinnihon Corp.

     57,000        620,113  

SHO-BOND Holdings Co., Ltd.

     25,900        1,911,754  

Sumitomo Densetsu Co., Ltd.

     50,900        1,019,436  

Sumitomo Mitsui Construction Co., Ltd.

     169,360        1,003,261  

Taihei Dengyo Kaisha Ltd.

     29,000        741,975  

Taikisha Ltd.

     57,165        1,870,561  

Toda Corp.(a)

     325,549        2,360,115  

Toenec Corp.

     5,800        169,337  

Tokyu Construction Co., Ltd.(a)

     126,000        1,368,406  

Toshiba Plant Systems & Services Corp.

     87,000        1,875,797  

Totetsu Kogyo Co., Ltd.

     26,979        827,001  

Toyo Construction Co., Ltd.

     100,200        461,664  

Yahagi Construction Co., Ltd.(a)

     70,300        519,566  

Yokogawa Bridge Holdings Corp.

     24,800        525,149  

Yurtec Corp.

     163,000        1,296,643  
     

 

 

 
Total Construction & Engineering               60,455,684  
Construction Materials – 0.4%  

Krosaki Harima Corp.

     20,900        990,465  

Shinagawa Refractories Co., Ltd.

     22,200        583,233  

Sumitomo Osaka Cement Co., Ltd.(a)

     515,404        2,287,454  
     

 

 

 
Total Construction Materials               3,861,152  
Consumer Finance – 0.0%  

J Trust Co., Ltd.(a)

     32,000        210,024  
Containers & Packaging – 0.6%  

FP Corp.

     31,200        2,047,729  

Fuji Seal International, Inc.

     49,510        2,001,815  

Nihon Yamamura Glass Co., Ltd.

     61,000        108,406  

Rengo Co., Ltd.

     279,400        2,414,373  
     

 

 

 
Total Containers & Packaging               6,572,323  
Distributors – 1.0%  

Arata Corp.

     10,600        594,039  

Canon Marketing Japan, Inc.

     186,800        5,048,079  

Doshisha Co., Ltd.

     58,200      1,341,856  

Happinet Corp.

     42,000        605,416  

Paltac Corp.

     61,157        3,277,808  
     

 

 

 
Total Distributors               10,867,198  
Diversified Consumer Services – 0.2%  

Meiko Network Japan Co., Ltd.

     50,386        608,327  

Riso Kyoiku Co., Ltd.(a)

     63,500        475,877  

Studio Alice Co., Ltd.

     30,660        748,698  

Tokyo Individualized Educational Institute, Inc.

     81,600        867,024  
     

 

 

 
Total Diversified Consumer Services               2,699,926  
Diversified Financial Services – 0.5%  

Financial Products Group Co., Ltd.

     196,100        2,542,754  

Ricoh Leasing Co., Ltd.

     30,200        999,567  

Zenkoku Hosho Co., Ltd.

     54,400        2,388,792  
     

 

 

 
Total Diversified Financial Services               5,931,113  
Electric Utilities – 0.4%  

Hokkaido Electric Power Co., Inc.(a)

     22,500        147,461  

Okinawa Electric Power Co., Inc. (The)

     53,380        1,535,898  

Shikoku Electric Power Co., Inc.

     214,500        2,545,360  
     

 

 

 
Total Electric Utilities               4,228,719  
Electrical Equipment – 1.8%  

Daihen Corp.

     177,000        1,359,746  

Denyo Co., Ltd.

     49,200        879,447  

Fujikura Ltd.

     172,215        1,169,151  

Furukawa Electric Co., Ltd.

     49,100        2,636,211  

GS Yuasa Corp.

     502,000        2,737,753  

Idec Corp.(a)

     76,736        1,860,135  

Nippon Carbon Co., Ltd.

     22,500        1,142,454  

Nissin Electric Co., Ltd.

     100,465        931,439  

Nitto Kogyo Corp.

     59,200        918,477  

Sanyo Denki Co., Ltd.

     21,600        1,669,506  

Sinfonia Technology Co., Ltd.(a)

     242,000        828,284  

Takaoka Toko Co., Ltd.(a)

     31,200        499,024  

Tatsuta Electric Wire and Cable Co., Ltd.

     153,200        939,223  

Ushio, Inc.

     129,400        1,737,501  
     

 

 

 
Total Electrical Equipment               19,308,351  
Electronic Equipment, Instruments & Components – 4.9%  

Ai Holdings Corp.

     34,000        947,268  

Amano Corp.

     112,135        3,027,171  

Anritsu Corp.

     167,000        2,063,357  

Azbil Corp.

     101,754        4,740,866  

Canon Electronics, Inc.

     86,900        1,932,473  

Citizen Watch Co., Ltd.

     459,900        3,303,842  

CONEXIO Corp.

     105,000        2,239,210  

Daiwabo Holdings Co., Ltd.

     32,139        1,409,764  

Dexerials Corp.

     187,400        1,947,127  

Enplas Corp.

     23,000        768,829  

ESPEC Corp.

     23,600        563,648  

FTGroup Co., Ltd.(a)

     76,800        673,038  

Hakuto Co., Ltd.

     52,334        768,648  

Horiba Ltd.

     32,400        2,510,353  

Ibiden Co., Ltd.(a)

     184,000        2,738,806  

 

See Notes to Financial Statements.

 

122   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Iriso Electronics Co., Ltd.(a)

     7,600      $ 466,648  

Japan Aviation Electronics Industry Ltd.(a)

     93,000        1,316,079  

Kaga Electronics Co., Ltd.

     59,400        1,540,993  

Koa Corp.

     57,147        1,182,166  

Kyosan Electric Manufacturing Co., Ltd.

     40,000        246,733  

Macnica Fuji Electronics Holdings, Inc.

     99,200        1,789,984  

Marubun Corp.

     86,200        798,373  

Nippon Signal Co., Ltd.

     54,900        511,058  

Nissha Co., Ltd.(a)

     24,000        643,836  

Nohmi Bosai Ltd.

     56,691        1,214,312  

Oki Electric Industry Co., Ltd.(a)

     112,700        1,495,249  

Optex Group Co., Ltd.

     6,400        169,162  

Osaki Electric Co., Ltd.

     81,000        592,553  

Ryoden Corp.

     46,361        762,439  

Ryosan Co., Ltd.

     78,900        2,845,148  

Sanshin Electronics Co., Ltd.

     58,600        1,200,653  

Satori Electric Co., Ltd.

     58,700        604,387  

Siix Corp.(a)

     47,000        1,038,110  

Sumida Corp.(a)

     50,000        646,921  

Taiyo Yuden Co., Ltd.(a)

     87,500        1,483,427  

Tamura Corp.

     81,000        619,972  

Topcon Corp.

     77,400        1,511,611  

UKC Holdings Corp.

     26,700        555,842  

V Technology Co., Ltd.(a)

     800        229,431  

Vitec Holdings Co., Ltd.

     32,700        672,756  
     

 

 

 
Total Electronic Equipment, Instruments & Components        53,772,243  
Energy Equipment & Services – 0.2%  

Modec, Inc.

     39,504        987,693  

Shinko Plantech Co., Ltd.

     194,300        1,748,426  
     

 

 

 
Total Energy Equipment & Services               2,736,119  
Food & Staples Retailing – 2.4%  

Ain Holdings, Inc.

     8,400        627,927  

Arcs Co., Ltd.

     55,094        1,329,819  

Axial Retailing, Inc.

     12,500        475,435  

Belc Co., Ltd.

     6,700        385,557  

Cawachi Ltd.

     47,500        1,168,853  

Cocokara fine, Inc.

     22,400        1,531,246  

Create SD Holdings Co., Ltd.

     50,500        1,313,427  

Heiwado Co., Ltd.

     55,963        1,353,952  

Kato Sangyo Co., Ltd.

     53,016        1,856,931  

Kobe Bussan Co., Ltd.(a)

     27,500        1,243,771  

Life Corp.

     34,100        940,756  

Matsumotokiyoshi Holdings Co., Ltd.

     102,000        4,315,938  

Ministop Co., Ltd.

     48,500        993,714  

Mitsubishi Shokuhin Co., Ltd.

     33,000        946,403  

Okuwa Co., Ltd.

     52,000        532,957  

Qol Co., Ltd.

     50,600        992,969  

San-A Co., Ltd.

     20,900        1,204,673  

Shoei Foods Corp.(a)

     6,200        241,937  

Sogo Medical Co., Ltd.

     10,000        284,438  

United Super Markets Holdings, Inc.

     114,500        1,217,673  

Valor Holdings Co., Ltd.

     36,391        985,483  

Yaoko Co., Ltd.

     29,700        1,600,197  

Yokohama Reito Co., Ltd.(a)

     108,700      1,068,091  
     

 

 

 
Total Food & Staples Retailing               26,612,147  
Food Products – 2.9%  

Ariake Japan Co., Ltd.

     23,228        1,860,861  

Feed One Co., Ltd.

     435,400        884,310  

Fuji Oil Holdings, Inc.

     81,900        2,472,017  

Fujicco Co., Ltd.

     34,100        767,611  

Hokuto Corp.(a)

     50,391        959,490  

House Foods Group, Inc.

     74,700        2,482,976  

Itoham Yonekyu Holdings, Inc.

     330,300        2,872,849  

Kagome Co., Ltd.

     30,100        1,057,109  

Kameda Seika Co., Ltd.(a)

     20,300        981,119  

Kenko Mayonnaise Co., Ltd.(a)

     22,700        745,994  

Kotobuki Spirits Co., Ltd.(a)

     1,100        57,922  

Marudai Food Co., Ltd.

     242,000        1,167,334  

Maruha Nichiro Corp.

     33,632        1,075,212  

Megmilk Snow Brand Co., Ltd.

     54,100        1,463,523  

Mitsui Sugar Co., Ltd.

     55,698        2,152,504  

Morinaga & Co., Ltd.

     22,087        972,991  

Morinaga Milk Industry Co., Ltd.

     29,282        1,192,206  

Nippon Flour Mills Co., Ltd.

     105,683        1,638,658  

Nippon Suisan Kaisha Ltd.

     192,800        1,000,711  

Nisshin Oillio Group Ltd. (The)

     44,200        1,215,656  

Prima Meat Packers Ltd.

     72,000        412,976  

S Foods, Inc.

     28,100        1,174,466  

Sakata Seed Corp.

     23,500        831,946  

Showa Sangyo Co., Ltd.

     51,400        1,336,835  

Starzen Co., Ltd.

     24,600        1,202,821  
     

 

 

 
Total Food Products               31,980,097  
Gas Utilities – 0.4%  

Hokkaido Gas Co., Ltd.

     308,000        865,933  

Nippon Gas Co., Ltd.(a)

     29,500        1,378,609  

Saibu Gas Co., Ltd.

     56,600        1,465,160  

Shizuoka Gas Co., Ltd.

     31,392        282,484  
     

 

 

 
Total Gas Utilities               3,992,186  
Health Care Equipment & Supplies – 1.7%  

Asahi Intecc Co., Ltd.

     49,800        1,973,738  

Eiken Chemical Co., Ltd.

     50,470        1,271,834  

Hogy Medical Co., Ltd.

     44,400        1,793,117  

Jeol Ltd.

     55,000        506,300  

Mani, Inc.

     29,800        1,185,275  

Menicon Co., Ltd.

     2,200        54,695  

Nagaileben Co., Ltd.

     55,426        1,519,720  

Nakanishi, Inc.

     78,000        1,588,604  

Nihon Kohden Corp.

     83,100        2,313,673  

Nikkiso Co., Ltd.

     77,700        809,512  

Nipro Corp.

     241,900        3,496,006  

Paramount Bed Holdings Co., Ltd.

     32,821        1,675,769  
     

 

 

 
Total Health Care Equipment & Supplies               18,188,243  
Health Care Providers & Services – 1.4%  

As One Corp.

     25,700        1,638,420  

BML, Inc.

     58,400        1,491,438  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      123  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Japan Lifeline Co., Ltd.(a)

     45,400      $ 1,323,366  

Miraca Holdings, Inc.

     76,700        2,996,601  

NichiiGakkan Co., Ltd.

     129,300        1,450,446  

Ship Healthcare Holdings, Inc.

     50,707        1,787,976  

Solasto Corp.

     52,400        1,455,473  

Toho Holdings Co., Ltd.

     82,900        1,953,431  

Vital KSK Holdings, Inc.

     136,600        1,344,807  
     

 

 

 
Total Health Care Providers & Services               15,441,958  
Hotels, Restaurants & Leisure – 2.9%  

Create Restaurants Holdings, Inc.(a)

     51,600        612,310  

Doutor Nichires Holdings Co., Ltd.

     55,253        1,294,692  

Fuji Kyuko Co., Ltd.(a)

     24,701        647,545  

Hiday Hidaka Corp.

     32,680        815,233  

Hiramatsu, Inc.(a)

     71,500        342,205  

HIS Co., Ltd.

     31,600        1,146,930  

Ichibanya Co., Ltd.(a)

     27,836        1,149,037  

KFC Holdings Japan Ltd.

     56,200        1,055,302  

KOMEDA Holdings Co., Ltd.

     83,400        1,586,443  

Koshidaka Holdings Co., Ltd.

     11,600        794,057  

Kyoritsu Maintenance Co., Ltd.(a)

     8,300        397,245  

MOS Food Services, Inc.(a)

     23,700        706,432  

Ohsho Food Service Corp.

     29,900        1,478,834  

Plenus Co., Ltd.(a)

     64,068        1,243,407  

Resorttrust, Inc.

     164,108        3,445,728  

Round One Corp.

     136,337        2,158,830  

Royal Holdings Co., Ltd.

     27,000        737,010  

Saizeriya Co., Ltd.

     30,300        863,272  

SFP Holdings Co., Ltd.(a)

     2,700        46,739  

Skylark Co., Ltd.(a)

     347,100        5,000,068  

St. Marc Holdings Co., Ltd.

     29,000        839,868  

Tokyo Dome Corp.

     133,000        1,266,845  

Tokyotokeiba Co., Ltd.

     21,842        808,164  

Toridoll Holdings Corp.

     23,300        848,966  

Yoshinoya Holdings Co., Ltd.

     52,100        1,044,939  

Zensho Holdings Co., Ltd.(a)

     61,100        1,391,483  
     

 

 

 
Total Hotels, Restaurants & Leisure               31,721,584  
Household Durables – 2.3%  

Alpine Electronics, Inc.(a)

     72,100        1,359,290  

Clarion Co., Ltd.

     132,000        412,073  

Cleanup Corp.

     130,200        997,771  

ES-Con Japan Ltd.(a)

     138,500        1,307,513  

FJ Next Co., Ltd.

     16,100        130,193  

Foster Electric Co., Ltd.

     75,600        1,847,526  

France Bed Holdings Co., Ltd.

     99,600        882,212  

Fuji Corp., Ltd.

     158,300        1,339,633  

Fujitsu General Ltd.

     84,200        1,506,653  

Hoosiers Holdings(a)

     16,000        115,393  

JVC Kenwood Corp.

     219,700        733,366  

Ki-Star Real Estate Co., Ltd.

     28,700        724,584  

Meiwa Estate Co., Ltd.

     14,600        103,099  

Misawa Homes Co., Ltd.

     110,300        920,982  

Mitsui Home Co., Ltd.

     30,000        191,255  

Nihon House Holdings Co., Ltd.

     163,400        889,597  

Nissei Build Kogyo Co., Ltd.

     50,000      599,436  

Pressance Corp.

     57,000        866,121  

Sanei Architecture Planning Co., Ltd.

     15,700        330,977  

Sangetsu Corp.

     88,000        1,823,714  

Starts Corp., Inc.

     60,000        1,632,158  

Sumitomo Forestry Co., Ltd.

     186,800        2,996,528  

Tamron Co., Ltd.

     23,166        487,935  

TOA Corp.

     88,152        1,091,643  

Token Corp.(a)

     8,900        896,276  

Zojirushi Corp.(a)

     60,000        860,367  
     

 

 

 
Total Household Durables               25,046,295  
Household Products – 0.1%  

Earth Corp.

     28,900        1,527,203  
Independent Power & Renewable Electricity Producers – 0.0%  

West Holdings Corp.(a)

     58,800        361,038  
Industrial Conglomerates – 0.5%  

Nisshinbo Holdings, Inc.

     276,800        3,724,502  

TOKAI Holdings Corp.

     195,100        1,977,601  
     

 

 

 
Total Industrial Conglomerates               5,702,103  
Internet & Catalog Retail – 0.2%  

ASKUL Corp.(a)

     32,365        1,091,006  

Belluna Co., Ltd.

     108,684        1,288,675  
     

 

 

 
Total Internet & Catalog Retail               2,379,681  
Internet Software & Services – 1.0%  

COOKPAD, Inc.(a)

     26,400        148,446  

Dip Corp.

     53,300        1,688,961  

F@N Communications, Inc.

     49,000        326,666  

GMO Internet, Inc.(a)

     134,872        2,717,731  

Gurunavi, Inc.

     46,400        647,026  

Infomart Corp.(a)

     82,600        792,991  

Internet Initiative Japan, Inc.

     25,300        513,137  

Kakaku.com, Inc.(a)

     224,500        3,930,597  
     

 

 

 
Total Internet Software & Services               10,765,555  
IT Services – 2.0%  

Digital Garage, Inc.

     25,700        860,292  

DTS Corp.

     31,191        1,079,294  

Future Corp.

     75,100        937,073  

GMO Payment Gateway, Inc.(a)

     3,600        358,138  

Information Services International-Dentsu Ltd.

     33,100        891,381  

Kanematsu Electronics Ltd.

     29,400        861,128  

Mitsubishi Research Institute, Inc.

     33,500        1,056,817  

NEC Networks & System Integration Corp.

     83,979        2,189,692  

NET One Systems Co., Ltd.

     188,158        2,871,466  

Nihon Unisys Ltd.

     115,000        2,480,583  

NS Solutions Corp.

     132,380        3,784,064  

TIS, Inc.

     59,700        2,363,301  

Transcosmos, Inc.

     77,600        2,002,204  
     

 

 

 
Total IT Services               21,735,433  
Leisure Products – 1.6%  

Daikoku Denki Co., Ltd.(a)

     52,700        872,635  

Fields Corp.(a)

     39,100        428,317  

 

See Notes to Financial Statements.

 

124   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Furyu Corp.(a)

     32,500      $ 301,622  

Heiwa Corp.

     192,100        3,863,676  

Mizuno Corp.

     32,523        987,769  

Sankyo Co., Ltd.

     237,900        8,388,575  

Tomy Co., Ltd.

     50,600        519,560  

Universal Entertainment Corp.*(a)

     57,900        2,654,090  
     

 

 

 
Total Leisure Products               18,016,244  
Life Sciences Tools & Services – 0.1%  

EPS Holdings, Inc.

     32,300        663,615  
Machinery – 6.5%  

Aichi Corp.(a)

     140,600        958,486  

Aida Engineering Ltd.

     163,200        1,973,439  

Alinco, Inc.

     84,300        871,140  

Anest Iwata Corp.

     49,700        538,826  

Asahi Diamond Industrial Co., Ltd.

     20,300        213,785  

Bando Chemical Industries Ltd.

     53,493        613,145  

CKD Corp.

     80,541        1,792,577  

DMG Mori Co., Ltd.

     124,800        2,332,886  

Ebara Corp.

     84,600        3,074,556  

Fujitec Co., Ltd.

     159,061        2,093,892  

Furukawa Co., Ltd.

     28,100        524,480  

Giken Ltd.

     22,400        633,982  

Glory Ltd.

     53,600        1,912,666  

Harmonic Drive Systems, Inc.(a)

     25,000        1,436,295  

Hirata Corp.(a)

     1,800        165,529  

Hitachi Zosen Corp.

     167,000        855,806  

Hokuetsu Industries Co., Ltd.

     75,018        810,491  

Japan Steel Works Ltd. (The)

     45,804        1,462,196  

Juki Corp.

     42,600        598,843  

Kato Works Co., Ltd.

     23,900        549,913  

Kitagawa Iron Works Co., Ltd.

     25,200        642,381  

Kito Corp.

     27,100        505,816  

Kitz Corp.

     138,189        1,187,633  

Kurita Water Industries Ltd.

     85,200        2,703,808  

Kyokuto Kaihatsu Kogyo Co., Ltd.

     48,780        718,742  

Makino Milling Machine Co., Ltd.

     62,578        587,239  

Max Co., Ltd.

     74,000        950,484  

Meidensha Corp.

     115,000        439,022  

METAWATER Co., Ltd.

     26,600        831,641  

Mitsubishi Logisnext Co., Ltd.

     79,700        670,724  

Mitsuboshi Belting Ltd.

     44,092        487,976  

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

     56,540        919,739  

Miura Co., Ltd.

     51,500        1,624,659  

Morita Holdings Corp.

     52,005        984,843  

Nachi-Fujikoshi Corp.

     287,000        1,743,319  

Nippon Thompson Co., Ltd.

     33,200        265,350  

Nissei ASB Machine Co., Ltd.

     23,100        1,605,162  

Nitta Corp.

     27,500        1,022,684  

Noritake Co., Ltd.

     26,600        1,153,042  

NTN Corp.

     620,200        2,589,269  

Obara Group, Inc.

     23,379        1,384,934  

Oiles Corp.

     29,400        626,149  

OKUMA Corp.

     30,570        1,799,419  

OSG Corp.

     85,200      1,956,355  

Rheon Automatic Machinery Co., Ltd.

     19,000        385,717  

Ryobi Ltd.

     48,000        1,265,106  

Shibuya Corp.

     25,500        918,336  

Shima Seiki Manufacturing Ltd.(a)

     23,900        1,660,752  

Shinmaywa Industries Ltd.

     101,685        836,618  

Sodick Co., Ltd.

     59,300        776,727  

Star Micronics Co., Ltd.

     102,934        1,917,370  

Tadano Ltd.

     102,700        1,540,259  

Takeuchi Manufacturing Co., Ltd.

     29,500        658,792  

Takuma Co., Ltd.

     52,400        573,518  

Tocalo Co., Ltd.

     107,200        1,307,366  

Toshiba Machine Co., Ltd.

     284,806        2,003,149  

Tsubaki Nakashima Co., Ltd.

     84,100        2,179,404  

Tsubakimoto Chain Co.

     236,228        1,923,587  

Tsugami Corp.

     38,000        478,082  

Union Tool Co.

     25,400        896,822  

YAMABIKO Corp.

     78,700        1,029,353  

Yushin Precision Equipment Co., Ltd.

     53,200        863,906  
     

 

 

 
Total Machinery               72,028,187  
Marine – 0.1%  

Iino Kaiun Kaisha Ltd.

     196,200        939,029  

Japan Transcity Corp.

     67,000        296,098  

NS United Kaiun Kaisha Ltd.

     8,300        169,356  
     

 

 

 
Total Marine               1,404,483  
Media – 1.4%  

Asahi Broadcasting Corp.

     119,800        991,293  

Avex, Inc.

     73,099        1,027,579  

D.A. Consortium Holdings, Inc.

     32,800        787,693  

Daiichikosho Co., Ltd.

     78,000        4,136,530  

Kadokawa Dwango

     23,100        240,883  

LIFULL Co., Ltd.(a)

     75,800        683,519  

Shochiku Co., Ltd.

     2,700        383,103  

SKY Perfect JSAT Holdings, Inc.

     772,000        3,469,826  

Toei Co., Ltd.

     4,731        515,138  

Tri-Stage, Inc.(a)

     33,400        157,029  

Tv Tokyo Holdings Corp.

     48,800        1,282,979  

Wowow, Inc.

     32,500        1,022,214  

Zenrin Co., Ltd.

     46,880        990,497  
     

 

 

 
Total Media               15,688,283  
Metals & Mining – 2.6%  

Aichi Steel Corp.

     21,600        885,529  

Asahi Holdings, Inc.

     75,700        1,410,077  

Daido Steel Co., Ltd.

     49,000        2,506,441  

Daiki Aluminium Industry Co., Ltd.

     15,700        109,981  

Dowa Holdings Co., Ltd.(a)

     69,100        2,475,515  

Godo Steel Ltd.(a)

     53,900        1,080,534  

Kurimoto Ltd.

     34,000        647,071  

Kyoei Steel Ltd.(a)

     22,314        384,804  

Maruichi Steel Tube Ltd.(a)

     138,800        4,248,181  

Mitsubishi Steel Manufacturing Co., Ltd.

     24,800        570,855  

Mitsui Mining & Smelting Co., Ltd.

     58,000        2,634,133  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      125  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Nippon Denko Co., Ltd.(a)

     186,041      $ 587,774  

Nippon Light Metal Holdings Co., Ltd.

     1,168,700        3,131,918  

Nittetsu Mining Co., Ltd.

     20,100        1,164,231  

Sanyo Special Steel Co., Ltd.

     36,200        908,829  

Toho Zinc Co., Ltd.(a)

     14,496        689,702  

Tokyo Rope Manufacturing Co., Ltd.

     26,000        513,888  

Tokyo Steel Manufacturing Co., Ltd.(a)

     64,600        519,351  

Topy Industries Ltd.

     52,500        1,530,324  

Toyo Kohan Co., Ltd.

     189,600        1,272,914  

UACJ Corp.(a)

     49,063        1,259,445  
     

 

 

 
Total Metals & Mining               28,531,497  
Multiline Retail – 0.7%  

H2O Retailing Corp.

     159,700        2,922,202  

Parco Co., Ltd.(a)

     141,400        1,895,970  

Takashimaya Co., Ltd.

     278,000        2,668,905  
     

 

 

 
Total Multiline Retail               7,487,077  
Oil, Gas & Consumable Fuels – 0.9%  

BP Castrol K.K.

     57,000        893,456  

Cosmo Energy Holdings Co., Ltd.

     137,700        4,460,522  

Fuji Oil Co., Ltd.

     222,300        877,912  

Itochu Enex Co., Ltd.

     276,581        2,598,067  

San-Ai Oil Co., Ltd.

     109,316        1,608,646  
     

 

 

 
Total Oil, Gas & Consumable Fuels               10,438,603  
Paper & Forest Products – 0.7%  

Chuetsu Pulp & Paper Co., Ltd.(a)

     21,499        385,506  

Daiken Corp.

     32,900        777,102  

Daio Paper Corp.(a)

     75,178        1,060,339  

Hokuetsu Kishu Paper Co., Ltd.

     214,532        1,383,817  

Nippon Paper Industries Co., Ltd.(a)

     194,500        3,632,130  
     

 

 

 
Total Paper & Forest Products               7,238,894  
Personal Products – 1.2%  

Artnature, Inc.

     20,900        139,923  

Ci:z Holdings Co., Ltd.

     48,100        2,397,085  

Fancl Corp.

     103,200        3,779,633  

Mandom Corp.

     50,506        1,742,896  

Milbon Co., Ltd.

     35,700        1,579,394  

Noevir Holdings Co., Ltd.

     53,600        3,865,651  
     

 

 

 
Total Personal Products               13,504,582  
Pharmaceuticals – 1.8%  

Fuji Pharma Co., Ltd.

     23,900        1,116,906  

JCR Pharmaceuticals Co., Ltd.

     6,900        393,822  

Kaken Pharmaceutical Co., Ltd.

     76,100        4,493,728  

KYORIN Holdings, Inc.

     103,785        1,950,787  

Mochida Pharmaceutical Co., Ltd.

     26,811        1,885,720  

Nichi-iko Pharmaceutical Co., Ltd.

     78,300        1,233,216  

Rohto Pharmaceutical Co., Ltd.

     60,400        1,689,610  

Sawai Pharmaceutical Co., Ltd.(a)

     36,424        1,599,437  

Seikagaku Corp.

     49,800        908,434  

Torii Pharmaceutical Co., Ltd.

     20,100        530,708  

Towa Pharmaceutical Co., Ltd.

     9,300        581,523  

Tsumura & Co.

     80,800        2,776,907  

ZERIA Pharmaceutical Co., Ltd.

     54,200      1,084,510  
     

 

 

 
Total Pharmaceuticals               20,245,308  
Professional Services – 2.1%  

Altech Corp.

     47,200        1,090,016  

Benefit One, Inc.(a)

     47,000        1,300,621  

en-japan, Inc.

     23,200        1,345,971  

FULLCAST Holdings Co., Ltd.

     51,300        1,269,597  

Funai Soken Holdings, Inc.

     61,610        1,319,097  

JAC Recruitment Co., Ltd.

     33,300        712,654  

Japan Asia Group Ltd.

     193,500        966,135  

Meitec Corp.

     57,200        3,167,917  

Nihon M&A Center, Inc.

     63,464        2,184,092  

Nomura Co., Ltd.

     55,800        1,206,770  

Outsourcing, Inc.

     8,100        144,863  

Pasco Corp.*(a)

     241,000        722,887  

Space Co., Ltd.

     51,960        718,206  

Tanseisha Co., Ltd.

     30,400        371,603  

TechnoPro Holdings, Inc.

     55,400        3,339,107  

Trust Tech, Inc.

     1,100        36,201  

Weathernews, Inc.

     21,200        672,779  

World Holdings Co., Ltd.

     25,100        1,076,220  

Yumeshin Holdings Co., Ltd.

     155,100        1,715,069  
     

 

 

 
Total Professional Services               23,359,805  
Real Estate Management & Development – 3.4%  

Airport Facilities Co., Ltd.

     87,519        520,917  

Daibiru Corp.

     59,800        693,309  

Daikyo, Inc.(a)

     137,800        2,789,689  

Goldcrest Co., Ltd.

     50,500        1,079,803  

Heiwa Real Estate Co., Ltd.

     32,668        629,708  

Investors Cloud Co., Ltd.(a)

     33,500        767,649  

Keihanshin Building Co., Ltd.

     162,900        1,364,776  

Kenedix, Inc.

     181,200        1,127,921  

Leopalace21 Corp.

     640,900        5,345,353  

Nippon Commercial Development Co., Ltd.(a)

     20,200        327,835  

NTT Urban Development Corp.

     329,400        4,026,516  

Open House Co., Ltd.

     81,900        5,082,652  

Raysum Co., Ltd.

     82,700        1,032,681  

Relo Group, Inc.

     81,260        2,250,982  

SAMTY Co., Ltd.(a)

     24,300        422,708  

Shinoken Group Co., Ltd.(a)

     24,700        768,754  

Sun Frontier Fudousan Co., Ltd.(a)

     75,200        828,720  

Takara Leben Co., Ltd.

     270,800        1,171,302  

TOC Co., Ltd.

     81,600        663,695  

Tokyo Tatemono Co., Ltd.

     217,400        3,276,842  

Tosei Corp.

     131,800        1,570,198  

Unizo Holdings Co., Ltd.(a)

     48,000        1,164,006  
     

 

 

 
Total Real Estate Management & Development               36,906,016  
Road & Rail – 2.4%  

Fukuyama Transporting Co., Ltd.

     47,411        2,093,039  

Hamakyorex Co., Ltd.

     5,000        168,312  

Hitachi Transport System Ltd.

     84,200        2,367,259  

Ichinen Holdings Co., Ltd.

     51,300        725,966  

 

See Notes to Financial Statements.

 

126   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Maruzen Showa Unyu Co., Ltd.

     245,000      $ 1,174,894  

Nankai Electric Railway Co., Ltd.

     50,800        1,273,463  

Nikkon Holdings Co., Ltd.

     102,660        2,693,196  

Nishi-Nippon Railroad Co., Ltd.

     46,800        1,223,357  

Sakai Moving Service Co., Ltd.

     6,800        349,111  

Sankyu, Inc.

     62,306        3,087,472  

Seino Holdings Co., Ltd.

     241,760        4,451,021  

Senko Group Holdings Co., Ltd.(a)

     301,556        2,347,798  

Sotetsu Holdings, Inc.

     105,400        2,802,738  

Tonami Holdings Co., Ltd.

     21,800        1,289,347  
     

 

 

 
Total Road & Rail               26,046,973  
Semiconductors & Semiconductor Equipment – 1.0%  

Ferrotec Holdings Corp.

     1,100        27,699  

Japan Material Co., Ltd.

     18,700        242,652  

Lasertec Corp.

     73,400        2,698,580  

MegaChips Corp.*(a)

     30,500        1,098,402  

Mimasu Semiconductor Industry Co., Ltd.

     33,127        599,930  

NuFlare Technology, Inc.

     20,200        1,282,087  

Shindengen Electric Manufacturing Co., Ltd.

     20,100        1,328,660  

Shinko Electric Industries Co., Ltd.

     169,753        1,272,150  

Tokyo Seimitsu Co., Ltd.

     54,300        2,192,934  

Ulvac, Inc.

     7,100        398,561  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        11,141,655  
Software – 1.8%  

Broadleaf Co., Ltd.

     152,400        758,059  

Capcom Co., Ltd.

     159,826        3,455,007  

COLOPL, Inc.(a)

     103,600        902,056  

Computer Engineering & Consulting Ltd.(a)

     4,300        143,940  

Fuji Soft, Inc.

     27,700        1,109,563  

GungHo Online Entertainment, Inc.(a)

     624,500        2,125,708  

Koei Tecmo Holdings Co., Ltd.

     142,500        2,784,344  

Marvelous, Inc.(a)

     87,300        747,817  

Miroku Jyoho Service Co., Ltd.

     20,800        621,946  

MTI Ltd.

     136,900        847,016  

NSD Co., Ltd.

     80,300        1,639,222  

OBIC Business Consultants Co., Ltd.(a)

     26,200        1,677,687  

SRA Holdings(a)

     24,400        700,912  

Systena Corp.

     48,000        1,981,382  
     

 

 

 
Total Software               19,494,659  
Specialty Retail – 5.0%  

Adastria Co., Ltd.(a)

     68,600        1,399,092  

Alpen Co., Ltd.

     56,800        1,266,317  

AOKI Holdings, Inc.

     130,754        2,002,805  

Aoyama Trading Co., Ltd.

     142,400        5,610,306  

Arcland Sakamoto Co., Ltd.

     54,016        898,997  

Autobacs Seven Co., Ltd.

     193,500        3,628,011  

Bic Camera, Inc.

     103,100        1,622,843  

Chiyoda Co., Ltd.

     57,191        1,436,363  

DCM Holdings Co., Ltd.

     190,245        1,931,966  

EDION Corp.(a)

     194,839        2,268,083  

Geo Holdings Corp.(a)

     133,600        2,140,615  

Gfoot Co., Ltd.(a)

     129,700        935,401  

Hard Off Corp. Co., Ltd.

     700      7,115  

Honeys Holdings Co., Ltd.

     58,300        558,606  

IDOM, Inc.

     105,560        746,414  

Joshin Denki Co., Ltd.

     27,000        986,319  

K’s Holdings Corp.

     336,296        4,651,541  

Kohnan Shoji Co., Ltd.

     49,600        1,184,150  

Komeri Co., Ltd.

     48,237        1,285,413  

Konaka Co., Ltd.

     156,900        864,536  

Kyoto Kimono Yuzen Co., Ltd.

     24,200        174,531  

Nishimatsuya Chain Co., Ltd.

     51,600        581,743  

Nojima Corp.

     35,100        830,056  

PAL GROUP Holdings Co., Ltd.

     29,000        803,329  

PC Depot Corp.(a)

     104,200        706,424  

Right On Co., Ltd.(a)

     85,000        745,698  

Sac’s Bar Holdings, Inc.(a)

     78,800        845,424  

Sanrio Co., Ltd.(a)

     180,642        3,283,319  

Shimachu Co., Ltd.

     115,364        3,688,177  

T-Gaia Corp.

     132,800        3,697,422  

United Arrows Ltd.

     34,529        1,331,160  

VT Holdings Co., Ltd.(a)

     170,000        867,983  

Xebio Holdings Co., Ltd.

     81,900        1,623,368  

Yellow Hat Ltd.

     24,300        720,889  
     

 

 

 
Total Specialty Retail               55,324,416  
Technology Hardware, Storage & Peripherals – 0.5%  

Elecom Co., Ltd.

     50,400        1,204,198  

Maxell Holdings Ltd.

     56,300        1,096,884  

MCJ Co., Ltd.

     58,100        752,814  

Riso Kagaku Corp.

     105,400        1,963,304  

Roland DG Corp.

     2,500        57,569  

Wacom Co., Ltd.(a)

     108,011        543,356  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        5,618,125  
Textiles, Apparel & Luxury Goods – 1.5%  

Descente Ltd.

     49,653        783,896  

Fujibo Holdings, Inc.

     27,400        994,490  

Goldwin, Inc.

     9,800        587,908  

Gunze Ltd.

     27,183        1,541,265  

Japan Wool Textile Co., Ltd. (The)

     165,225        1,621,955  

Kurabo Industries Ltd.

     268,766        846,606  

Onward Holdings Co., Ltd.

     326,833        2,836,548  

Seiko Holdings Corp.

     89,200        2,158,917  

Seiren Co., Ltd.

     79,811        1,491,156  

Wacoal Holdings Corp.

     106,500        3,084,344  

Yondoshi Holdings, Inc.(a)

     32,500        842,525  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               16,789,610  
Trading Companies & Distributors – 3.3%  

Advan Co., Ltd.

     49,700        462,652  

Alconix Corp.

     59,200        1,185,113  

Daiichi Jitsugyo Co., Ltd.

     22,800        661,382  

Gecoss Corp.

     75,800        788,292  

Hanwa Co., Ltd.

     61,222        2,578,981  

Inaba Denki Sangyo Co., Ltd.

     53,794        2,379,885  

Inabata & Co., Ltd.

     101,741        1,545,966  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      127  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Iwatani Corp.(a)

     34,433      $ 1,272,418  

Japan Pulp & Paper Co., Ltd.

     25,457        1,028,094  

Kamei Corp.

     67,900        952,579  

Kanamoto Co., Ltd.

     29,028        966,235  

Kanematsu Corp.

     111,000        1,525,924  

Mitsui Matsushima Co., Ltd.

     57,200        814,300  

Nagase & Co., Ltd.

     157,604        2,674,896  

Nippon Steel & Sumikin Bussan Corp.

     56,600        3,134,688  

Nishio Rent All Co., Ltd.

     24,400        746,798  

Onoken Co., Ltd.

     50,900        888,297  

Sanyo Trading Co., Ltd.(a)

     25,900        492,672  

Seika Corp.

     31,200        781,540  

Sojitz Corp.(a)

     2,068,600        6,632,747  

Trusco Nakayama Corp.

     31,700        786,017  

Wakita & Co., Ltd.

     54,100        604,333  

Yamazen Corp.

     137,606        1,437,520  

Yuasa Trading Co., Ltd.

     51,600        1,703,018  
     

 

 

 
Total Trading Companies & Distributors               36,044,347  
Transportation Infrastructure – 0.4%  

Japan Airport Terminal Co., Ltd.(a)

     27,600        1,054,951  

Kamigumi Co., Ltd.

     89,000        1,988,378  

Mitsubishi Logistics Corp.(a)

     54,500        1,158,157  

Nissin Corp.

     22,600        595,654  
     

 

 

 
Total Transportation Infrastructure               4,797,140  
TOTAL COMMON STOCKS
(Cost: $937,077,582)
              1,088,460,530  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      

WisdomTree Japan Hedged Equity Fund(a)(b)

     
(Cost: $223,686)      4,374        244,988  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.6%  
United States – 6.6%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.74%(c)

 

  
(Cost: $72,826,855)(d)      72,826,855        72,826,855  
TOTAL INVESTMENTS IN SECURITIES – 105.5%
(Cost: $1,010,128,123)
       1,161,532,373  

Other Assets less Liabilities – (5.5)%

        (60,941,020
     

 

 

 
NET ASSETS – 100.0%             $ 1,100,591,353  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $113,412,308 and the total market value of the collateral held by the Fund was $121,209,187. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $48,382,332.

 

See Notes to Financial Statements.

 

128   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Assets and Liabilities

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2018

 

  

 

 

      WisdomTree
Australia
Dividend Fund
     WisdomTree
Europe Hedged
Equity Fund
     WisdomTree
Europe Hedged
SmallCap
Equity Fund
     WisdomTree
Europe Quality
Dividend
Growth Fund
     WisdomTree
Europe
SmallCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 33,203,628      $ 6,067,716,668      $ 127,119,972      $ 70,501,924      $ 1,158,256,261  

Investment in affiliates, at cost (Note 3)

                                 5,273,897  

Foreign currency, at cost

     46,640        8,851,286        504,838        103,106        7,172,954  

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

     35,205,285        6,545,966,185        157,922,548        72,874,371        1,267,539,375  

Investment in affiliates, at value (Note 3)

                                 5,240,125  

Cash

     9,153        2,467,927        8,823        21,514        11,207  

Foreign currency, at value

     46,640        8,847,977        504,504        102,130        7,145,640  

Unrealized appreciation on foreign currency contracts

            11,024,214        1,967               7,917  

Receivables:

              

Investment securities sold

            80,249,115        897,605               660,996  

Dividends

     233,596        2,557,720        304,034        96,485        3,488,537  

Securities lending income

     4,391        474,931        22,524        5,412        265,500  

Foreign tax reclaims

            15,134,536        177,499        101,680        941,497  

Total Assets

     35,499,065        6,666,722,605        159,839,504        73,201,592        1,285,300,794  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     3        46,751,138        922,706               191  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     2,296,561        233,934,679        4,215,398        1,002,910        57,256,757  

Investment securities purchased

                                 3,345,669  

Capital shares redeemed

            49,845,157                       

Advisory fees (Note 3)

     17,461        3,221,351        76,807        34,936        611,235  

Service fees (Note 2)

     132        24,438        582        270        4,648  

Total Liabilities

     2,314,157        333,776,763        5,215,493        1,038,116        61,218,500  

NET ASSETS

   $ 33,184,908      $ 6,332,945,842      $ 154,624,011      $ 72,163,476      $ 1,224,082,294  

NET ASSETS:

              

Paid-in capital

   $ 44,719,511      $ 8,144,157,407      $ 157,046,094      $ 71,962,405      $ 1,233,332,362  

Undistributed (Distributions in excess of) net investment income

     63,187        15,797,064        (198,790      334,887        3,856,593  

Accumulated net realized loss on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     (13,596,032      (2,270,869,153      (32,119,312      (2,507,017      (122,399,181

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     1,998,242        443,860,524        29,896,019        2,373,201        109,292,520  

NET ASSETS

   $ 33,184,908      $ 6,332,945,842      $ 154,624,011      $ 72,163,476      $ 1,224,082,294  

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

     600,000        101,050,000        5,050,000        2,750,000        17,600,000  

Net asset value per share

   $ 55.31      $ 62.67      $ 30.62      $ 26.24      $ 69.55  

1 Includes market value of securities out on loan of:

   $ 3,714,073      $ 225,298,985      $ 5,350,139      $ 997,702      $ 72,078,311  

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 Developed World ex-U.S. and Currency Hedged Equity Funds      129  


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2018

 

  

 

 

      WisdomTree
Germany
Hedged Equity
Fund
     WisdomTree
International
Dividend
ex-Financials  Fund
     WisdomTree
International
Equity Fund
     WisdomTree
International
Hedged Quality
Dividend
Growth Fund
     WisdomTree
International
High Dividend
Fund
 

ASSETS:

              

Investments, at cost

   $ 80,861,735      $ 204,097,964      $ 836,133,335      $ 478,785,279      $ 327,450,787  

Investment in affiliates, at cost (Note 3)

            117,782        171               270,151  

Foreign currency, at cost

     61,322        124,203        1,059,278        1,022,410        273,571  

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

     90,715,846        198,183,854        945,111,460        548,057,014        340,842,554  

Investment in affiliates, at value (Note 3)

            130,035        174               267,690  

Cash

     15,210        105,091        38,127        97,471        20,610  

Foreign currency, at value

     61,254        124,010        1,053,235        1,013,944        273,481  

Unrealized appreciation on foreign currency contracts

     1,141                      2,245,664         

Receivables:

              

Investment securities sold

     564,798               31,053        131,801         

Dividends

            767,159        3,649,131        1,287,448        1,334,730  

Securities lending income

     42        6,910        55,831        19,777        18,094  

Foreign tax reclaims

     554,417        436,830        1,032,936        1,292,051        474,492  

Total Assets

     91,912,708        199,753,889        950,971,947        554,145,170        343,231,651  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     565,369        531               2,953,817         

Payables:

              

Cash collateral received for securities loaned (Note 2)

     6,890        931,270        35,599,611        7,588,253        7,777,529  

Investment securities purchased

            77,825                      107,425  

Capital shares redeemed

                          139,604         

Advisory fees (Note 3)

     37,768        97,513        375,456        269,599        165,523  

Service fees (Note 2)

     345        742        3,443        2,044        1,259  

Total Liabilities

     610,372        1,107,881        35,978,510        10,953,317        8,051,736  

NET ASSETS

   $ 91,302,336      $ 198,646,008      $ 914,993,437      $ 543,191,853      $ 335,179,915  

NET ASSETS:

              

Paid-in capital

   $ 118,734,625      $ 227,677,938      $ 848,308,575      $ 525,305,676      $ 359,940,474  

Undistributed (Distributions in excess of) net investment income

     (100,164      703,745        4,021,252        (1,813,823      1,255,785  

Accumulated net realized loss on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     (36,675,001      (23,845,722      (46,340,458      (48,895,422      (39,419,671

Net unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     9,342,876        (5,889,953      109,004,068        68,595,422        13,403,327  

NET ASSETS

   $ 91,302,336      $ 198,646,008      $ 914,993,437      $ 543,191,853      $ 335,179,915  

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

     2,950,000        4,600,000        16,750,000        17,650,000        7,750,000  

Net asset value per share

   $ 30.95      $ 43.18      $ 54.63      $ 30.78      $ 43.25  

1 Includes market value of securities out on loan of:

   $ 6,555      $ 1,854,574      $ 41,672,599      $ 16,078,154      $ 9,427,586  

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

  

 

See Notes to Financial Statements.

 

130   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2018

 

  

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
Quality
Dividend
Growth Fund
     WisdomTree
International
SmallCap
Dividend Fund
     WisdomTree
Japan Hedged
Equity Fund
 

ASSETS:

              

Investments, at cost

   $ 414,310,240      $ 257,575,331      $ 22,832,127      $ 1,658,310,366      $ 6,170,124,467  

Investment in affiliates, at cost (Note 3)

     742,119        89,292               6,949,065         

Foreign currency, at cost

     622,208        158,193        60,172        6,214,210        9,129,912  

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

     451,803,434        299,806,192        24,850,833        2,043,124,530        6,932,995,652  

Investment in affiliates, at value (Note 3)

     759,963        86,565               7,119,679         

Cash

     33,568        21,288        13,043        76,654        1,578,040  

Foreign currency, at value

     619,701        158,077        59,833        6,189,482        9,125,152  

Unrealized appreciation on foreign currency contracts

     484               2,375               3,380,797  

Receivables:

              

Investment securities sold

                   535,805               41,230,653  

Capital shares sold

                                 1,508  

Dividends

     1,565,526        1,357,793        56,545        9,644,103        64,923,230  

Securities lending income

     21,654        13,170        1,174        298,527        127,088  

Foreign tax reclaims

     698,373        133,068        25,466        763,207         

Total Assets

     455,502,703        301,576,153        25,545,074        2,067,216,182        7,053,362,120  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     77        1        2,353               34,651,583  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     12,459,385        15,346,429        597,345        122,756,009        391,503,379  

Investment securities purchased

                   541,587        3,028,079         

Capital shares redeemed

                                 17,389,761  

Advisory fees (Note 3)

     181,458        139,877        7,649        957,696        2,792,123  

Service fees (Note 2)

     1,664        1,063        87        7,279        25,595  

Total Liabilities

     12,642,584        15,487,370        1,149,021        126,749,063        446,362,441  

NET ASSETS

   $ 442,860,119      $ 286,088,783      $ 24,396,053      $ 1,940,467,119      $ 6,606,999,679  

NET ASSETS:

              

Paid-in capital

   $ 449,184,481      $ 255,404,788      $ 22,543,589      $ 1,592,173,506      $ 7,791,971,730  

Undistributed net investment income

     1,771,819        1,131,599        136,501        5,684,304        106,092,832  

Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions

     (45,629,763      (12,678,519      (302,605      (42,374,400      (2,022,588,216

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     37,533,582        42,230,915        2,018,568        384,983,709        731,523,333  

NET ASSETS

   $ 442,860,119      $ 286,088,783      $ 24,396,053      $ 1,940,467,119      $ 6,606,999,679  

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

     8,950,000        4,200,000        800,000        25,600,000        118,500,000  

Net asset value per share

   $ 49.48      $ 68.12      $ 30.50      $ 75.80      $ 55.76  

1 Includes market value of securities out on loan of:

   $ 12,281,757      $ 20,511,870      $ 673,665      $ 180,926,916      $ 542,027,489  

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 Developed World ex-U.S. and Currency Hedged Equity Funds      131  


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

March 31, 2018

 

  

 

 

      WisdomTree
Japan Hedged
Financials Fund
     WisdomTree
Japan Hedged
Quality
Dividend
Growth Fund
     WisdomTree
Japan Hedged
SmallCap
Equity Fund
     WisdomTree
Japan SmallCap
Dividend Fund
 

ASSETS:

           

Investments, at cost

   $ 45,136,400      $ 11,588,903      $ 195,145,595      $ 1,009,904,437  

Investment in affiliates, at cost (Note 3)

                          223,686  

Foreign currency, at cost

     13,741        28,444        289,856        959,569  

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

     42,277,732        13,865,891        228,191,129        1,161,287,385  

Investment in affiliates, at value (Note 3)

                          244,988  

Cash

     20,643        1,023        43,668        683,998  

Foreign currency, at value

     13,611        28,260        288,945        956,165  

Unrealized appreciation on foreign currency contracts

     13,016        4,387        65,271         

Receivables:

           

Investment securities sold

     35,618               32,841         

Capital shares sold

                          8,019,804  

Dividends

     555,702        127,802        2,011,956        10,470,647  

Securities lending income

     699        208        19,313        66,995  

Foreign tax reclaims

                   5,567        132,577  

Total Assets

     42,917,021        14,027,571        230,658,690        1,181,862,559  

LIABILITIES:

           

Unrealized depreciation on foreign currency contracts

     47,904        16,099        239,968         

Payables:

           

Cash collateral received for securities loaned (Note 2)

     2,035,345        83,972        22,883,309        72,826,855  

Investment securities purchased

                          7,922,078  

Advisory fees (Note 3)

     16,576        5,015        101,070        518,340  

Service fees (Note 2)

     151        52        767        3,933  

Total Liabilities

     2,099,976        105,138        23,225,114        81,271,206  

NET ASSETS

   $ 40,817,045      $ 13,922,433      $ 207,433,576      $ 1,100,591,353  

NET ASSETS:

 

Paid-in capital

   $ 51,426,340      $ 14,475,317      $ 204,805,820      $ 966,038,971  

Undistributed net investment income

     602,316        115,756        2,698,485        7,982,378  

Accumulated net realized loss on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     (8,314,961      (2,933,652      (32,938,700      (24,815,880

Net unrealized appreciation (depreciation) on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (2,896,650      2,265,012        32,867,971        151,385,884  

NET ASSETS

   $ 40,817,045      $ 13,922,433      $ 207,433,576      $ 1,100,591,353  

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

     1,700,000        500,000        4,700,000        13,600,000  

Net asset value per share

   $ 24.01      $ 27.84      $ 44.13      $ 80.93  

1 Includes market value of securities out on loan of:

   $ 3,238,508      $ 235,499      $ 35,254,827      $ 113,412,308  

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 Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Operations

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year Ended March 31, 2018

 

  

 

 

      WisdomTree
Australia
Dividend Fund
    

WisdomTree

Europe Hedged
Equity Fund

    

WisdomTree

Europe Hedged

SmallCap

Equity Fund

    

WisdomTree
Europe Quality
Dividend

Growth Fund

    

WisdomTree

Europe

SmallCap

Dividend Fund

 

INVESTMENT INCOME:

              

Dividends1

   $ 1,531,851      $ 181,714,917      $ 4,384,260      $ 1,074,255      $ 32,371,805  

Dividends from affiliates (Note 3)

                                 62,946  

Interest

            2,624                       

Non-cash dividends

     162,988        28,678,543        214,525        3,516        1,120,766  

Securities lending income (Note 2)

     58,118        3,792,635        144,064        12,974        2,088,908  

Total investment income

     1,752,957        214,188,719        4,742,849        1,090,745        35,644,425  

EXPENSES:

              

Advisory fees (Note 3)

     214,836        49,755,169        912,696        242,623        6,176,377  

Service fees (Note 2)

     1,630        377,453        6,924        1,841        46,855  

Total expenses

     216,466        50,132,622        919,620        244,464        6,223,232  

Expense waivers (Note 3)

                                 (8,379

Net expenses

     216,466        50,132,622        919,620        244,464        6,214,853  

Net investment income

     1,536,491        164,056,097        3,823,229        846,281        29,429,572  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (721,593      52,563,308        (1,091,375      (370,457      (6,587,412

Investment transactions in affiliates (Note 3)

                                 266,108  

In-kind redemptions

     764,982        476,596,117        10,393,180        680,197        31,901,417  

Futures contracts

            888,112                       

Foreign currency contracts

     1,367        (1,113,264,428      (18,896,470      418        (371,408

Foreign currency related transactions

     (24,289      1,304,671        32,357        6,199        494,667  

Net realized gain (loss)

     20,467        (581,912,220      (9,562,308      316,357        25,703,372  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     (231,875      641,088,656        20,127,147        1,715,605        118,755,715  

Foreign currency contracts

     (23      22,313,080        (24,062             8,359  

Translation of assets and liabilities denominated in foreign currencies

     (3,151      2,354,941        30,313        1,467        119,386  

Net increase (decrease) in unrealized appreciation/depreciation

     (235,049      665,756,677        20,133,398        1,717,072        118,883,460  

Net realized and unrealized gain (loss) on investments

     (214,582      83,844,457        10,571,090        2,033,429        144,586,832  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,321,909      $ 247,900,554      $ 14,394,319      $ 2,879,710      $ 174,016,404  

1 Net of foreign withholding tax of:

   $ 14,997      $ 31,204,534      $ 724,817      $ 124,144      $ 3,321,289  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      133  


Table of Contents

Statements of Operations (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year Ended March 31, 2018

 

  

 

 

 

      WisdomTree
Germany
Hedged Equity
Fund
     WisdomTree
International
Dividend
ex-Financials  Fund
     WisdomTree
International
Equity Fund
     WisdomTree
International
Hedged Quality
Dividend
Growth Fund
     WisdomTree
International
High Dividend
Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 3,708,335      $ 7,819,848      $ 28,014,133      $ 12,549,385      $ 12,690,274  

Dividends from affiliates (Note 3)

            90,752        123,514               85,123  

Interest

                          114         

Non-cash dividends

            772,370        1,565,280        144,411        958,168  

Securities lending income (Note 2)

     24,183        179,877        435,643        154,051        204,331  

Total investment income

     3,732,518        8,862,847        30,138,570        12,847,961        13,937,896  

EXPENSES:

              

Advisory fees (Note 3)

     548,588        1,192,440        3,985,669        3,007,290        1,832,110  

Service fees (Note 2)

     5,029        9,046        36,535        22,814        13,898  

Total expenses

     553,617        1,201,486        4,022,204        3,030,104        1,846,008  

Expense waivers (Note 3)

            (5,052      (3,264             (2,126

Net expenses

     553,617        1,196,434        4,018,940        3,030,104        1,843,882  

Net investment income

     3,178,901        7,666,413        26,119,630        9,817,857        12,094,014  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (1,045,893      (6,617,903      (5,306,766      (6,260,114      (4,349,698

Investment transactions in affiliates (Note 3)

            27,379        5,050               (132,490

In-kind redemptions

     5,091,468        2,296,277        2,910,231        18,406,905         

Futures contracts

                          142,741         

Foreign currency contracts

     (14,653,220      40,175        116,535        (39,820,464      91,390  

Foreign currency related transactions

     8,869        (18,419      17,130        233,433        (46,502

Net realized loss

     (10,598,776      (4,272,491      (2,257,820      (27,297,499      (4,437,300

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     13,213,753        21,453,390        73,222,328        58,710,683        23,128,594  

Foreign currency contracts

     39,785        (531      (7,388      392,983        71  

Translation of assets and liabilities denominated in foreign currencies

     94,990        37,979        65,322        35,659        35,680  

Net increase in unrealized appreciation/depreciation

     13,348,528        21,490,838        73,280,262        59,139,325        23,164,345  

Net realized and unrealized gain on investments

     2,749,752        17,218,347        71,022,442        31,841,826        18,727,045  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 5,928,653      $ 24,884,760      $ 97,142,072      $ 41,659,683      $ 30,821,059  

1 Net of foreign withholding tax of:

   $ 432,430      $ 717,153      $ 2,460,276      $ 1,337,674      $ 1,120,285  

 

See Notes to Financial Statements.

 

134   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Operations (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year Ended March 31, 2018

 

  

 

 

     

WisdomTree
International
LargeCap

Dividend Fund

    

WisdomTree
International
MidCap

Dividend Fund

    

WisdomTree
International
Quality

Dividend

Growth Fund

    

WisdomTree
International
SmallCap

Dividend Fund

    

WisdomTree

Japan Hedged

Equity Fund

 

INVESTMENT INCOME:

              

Dividends1

   $ 14,088,590      $ 7,693,054      $ 381,418      $ 52,039,682      $ 180,765,896  

Dividends from affiliates (Note 3)

     96,426        41,166               331,507         

Non-cash dividends

     980,317        135,072        2,945        1,999,153         

Securities lending income (Note 2)

     182,532        81,673        4,582        2,349,202        776,757  

Total investment income

     15,347,865        7,950,965        388,945        56,719,544        181,542,653  

EXPENSES:

              

Advisory fees (Note 3)

     1,949,683        1,377,136        72,858        9,628,815        40,425,914  

Service fees (Note 2)

     17,872        10,447        667        73,047        370,570  

Total expenses

     1,967,555        1,387,583        73,525        9,701,862        40,796,484  

Expense waivers (Note 3)

     (4,123      (1,533      (15,179      (22,795       

Net expenses

     1,963,432        1,386,050        58,346        9,679,067        40,796,484  

Net investment income

     13,384,433        6,564,915        330,599        47,040,477        140,746,169  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions2

     (6,709,518      4,492,177        (299,761      21,433,716        46,306,838  

Investment transactions in affiliates (Note 3)

     126,788        9,442               828,188         

In-kind redemptions

                   366,527               756,696,306  

Foreign currency contracts

     71,463        (10,758      (2,484      89,634        (317,001,825

Foreign currency related transactions

     854        33,212        3,783        (63,413      841,005  

Net realized gain (loss)

     (6,510,413      4,524,073        68,065        22,288,125        486,842,324  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     37,222,462        21,076,102        1,583,388        204,472,938        501,733,870  

Foreign currency contracts

     481        57        23        (1,454      1,236,783  

Translation of assets and liabilities denominated in foreign currencies

     49,203        10,429        (259      76,933        790,285  

Net increase in unrealized appreciation/depreciation

     37,272,146        21,086,588        1,583,152        204,548,417        503,760,938  

Net realized and unrealized gain on investments

     30,761,733        25,610,661        1,651,217        226,836,542        990,603,262  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 44,146,166      $ 32,175,576      $ 1,981,816      $ 273,877,019      $ 1,131,349,431  

1 Net of foreign withholding tax of:

   $ 1,237,107      $ 665,670      $ 43,898      $ 5,123,155      $ 19,992,439  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

2 Net of foreign capital gains tax withheld of:

                     —                        —                        —      $ 1,373                        —  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      135  


Table of Contents

Statements of Operations (concluded)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

For the Year Ended March 31, 2018

 

  

 

 

     

WisdomTree

Japan Hedged

Financials
Fund

    

WisdomTree
Japan
Hedged
Quality

Dividend

Growth Fund

    

WisdomTree

Japan Hedged
SmallCap

Equity Fund

    

WisdomTree

Japan

SmallCap

Dividend Fund

 

INVESTMENT INCOME:

           

Dividends1

   $ 789,864      $ 297,749      $ 3,418,195      $ 16,293,677  

Dividends from affiliates (Note 3)

                          105,991  

Interest

                          93  

Securities lending income (Note 2)

     2,661        1,378        137,746        452,166  

Total investment income

     792,525        299,127        3,555,941        16,851,927  

EXPENSES:

           

Advisory fees (Note 3)

     147,131        65,223        985,498        3,879,045  

Service fees (Note 2)

     1,348        598        7,477        29,427  

Total expenses

     148,479        65,821        992,975        3,908,472  

Expense waivers (Note 3)

            (6,794             (3,157

Net expenses

     148,479        59,027        992,975        3,905,315  

Net investment income

     644,046        240,100        2,562,966        12,946,612  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

           

Net realized gain (loss) from:

           

Investment transactions

     (934,123      (194      (2,042,129      (6,520,907

Investment transactions in affiliates (Note 3)

                          194,697  

In-kind redemptions

     1,806,622               11,929,950        21,145,946  

Futures contracts

                          136,825  

Foreign currency contracts

     (1,967,308      (508,893      (9,682,820      (160,601

Foreign currency related transactions

     4,287        1,902        67,593        304,002  

Net realized gain (loss)

     (1,090,522      (507,185      272,594        15,099,962  

Net increase (decrease) in unrealized appreciation/depreciation:

           

Investment transactions

     (390,413      2,158,441        21,883,305        95,932,671  

Foreign currency contracts

     124,354        21,388        86,178        (460

Translation of assets and liabilities denominated in foreign currencies

     1,789        (27      1,444        6,930  

Net increase (decrease) in unrealized appreciation/depreciation

     (264,270      2,179,802        21,970,927        95,939,141  

Net realized and unrealized gain (loss) on investments

     (1,354,792      1,672,617        22,243,521        111,039,103  

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ (710,746    $ 1,912,717      $ 24,806,487      $ 123,985,715  

1   Net of foreign withholding tax of:

   $ 87,763      $ 33,008      $ 378,924      $ 1,806,343  

 

See Notes to Financial Statements.

 

136   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Changes in Net Assets

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

     

WisdomTree

Australia Dividend Fund

    

WisdomTree Europe Hedged

Equity Fund

    

WisdomTree Europe Hedged

SmallCap Equity Fund

 
     

For the

Year Ended
March 31, 2018

    

For the

Year Ended
March 31, 2017

    

For the

Year Ended

March 31, 2018

    

For the

Year Ended

March 31, 2017

    

For the

Year Ended
March 31, 2018

    

For the

Year Ended

March 31, 2017

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

              

Net investment income

   $ 1,536,491      $ 1,347,638      $ 164,056,097      $ 316,504,070      $ 3,823,229      $ 6,793,205  

Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     20,467        (144,971      (581,912,220      (138,232,513      (9,562,308      12,099,059  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (235,049      5,535,849        665,756,677        1,796,540,063        20,133,398        16,778,331  

Net increase in net assets resulting from operations

     1,321,909        6,738,516        247,900,554        1,974,811,620        14,394,319        35,670,595  

DIVIDENDS AND DISTRIBUTIONS:

                 

Net investment income

     (1,500,462      (1,434,229      (205,511,362      (315,544,643      (2,354,900      (5,737,894

Return of capital

                                 (58,350       

Total dividends and distributions

     (1,500,462      (1,434,229      (205,511,362      (315,544,643      (2,413,250      (5,737,894

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

                   462,153,844        518,423,439        28,698,048         

Cost of shares redeemed

     (2,910,796      (2,846,902      (3,471,771,615      (6,594,469,002      (41,649,166      (142,046,457

Net decrease in net assets resulting from capital share transactions

     (2,910,796      (2,846,902      (3,009,617,771      (6,076,045,563      (12,951,118      (142,046,457

Net Increase (Decrease) in Net Assets

     (3,089,349      2,457,385        (2,967,228,579      (4,416,778,586      (970,049      (112,113,756

NET ASSETS:

                 

Beginning of year

   $ 36,274,257      $ 33,816,872      $ 9,300,174,421      $ 13,716,953,007      $ 155,594,060      $ 267,707,816  

End of year

   $ 33,184,908      $ 36,274,257      $ 6,332,945,842      $ 9,300,174,421      $ 154,624,011      $ 155,594,060  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

   $ 63,187      $ 49,936      $ 15,797,064      $ 43,708,642      $ (198,790    $ (814,603

SHARES CREATED AND REDEEMED:

                 

Shares outstanding, beginning of year

     650,000        700,000        148,100,000        263,600,000        5,500,000        11,200,000  

Shares created

                   7,100,000        9,600,000        950,000         

Shares redeemed

     (50,000      (50,000      (54,150,000      (125,100,000      (1,400,000      (5,700,000

Shares outstanding, end of year

     600,000        650,000        101,050,000        148,100,000        5,050,000        5,500,000  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      137  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

    

WisdomTree Europe Quality

Dividend Growth Fund

   

WisdomTree Europe SmallCap

Dividend Fund

   

WisdomTree Germany Hedged

Equity Fund

 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 846,281     $ 349,868     $ 29,429,572     $ 30,324,067     $ 3,178,901     $ 4,800,847  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    316,357       (747,262     25,703,372       2,930,614       (10,598,776     (168,544

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    1,717,072       1,412,476       118,883,460       5,634,582       13,348,528       25,059,818  

Net increase in net assets resulting from operations

    2,879,710       1,015,082       174,016,404       38,889,263       5,928,653       29,692,121  

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (538,884     (368,213     (28,824,886     (33,816,718     (2,509,207     (6,533,500

Return of capital

                            (845,543      

Total dividends and distributions

    (538,884     (368,213     (28,824,886     (33,816,718     (3,354,750     (6,533,500

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    56,267,441       1,099,916       379,132,162       91,461,683       1,669,276        

Cost of shares redeemed

    (3,821,291     (2,223,996     (75,240,524     (447,469,871     (37,589,190     (99,011,496

Net increase (decrease) in net assets resulting from capital share transactions

    52,446,150       (1,124,080     303,891,638       (356,008,188     (35,919,914     (99,011,496

Net Increase (Decrease) in Net Assets

    54,786,976       (477,211     449,083,156       (350,935,643     (33,346,011     (75,852,875

NET ASSETS:

           

Beginning of year

  $ 17,376,500     $ 17,853,711     $ 774,999,138     $ 1,125,934,781     $ 124,648,347     $ 200,501,222  

End of year

  $ 72,163,476     $ 17,376,500     $ 1,224,082,294     $ 774,999,138     $ 91,302,336     $ 124,648,347  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

  $ 334,887     $ 19,625     $ 3,856,593     $ 1,164,805     $ (100,164   $ 176,953  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    750,000       800,000       13,100,000       19,750,000       4,100,000       7,850,000  

Shares created

    2,150,000       50,000       5,650,000       1,650,000       50,000        

Shares redeemed

    (150,000     (100,000     (1,150,000     (8,300,000     (1,200,000     (3,750,000

Shares outstanding, end of year

    2,750,000       750,000       17,600,000       13,100,000       2,950,000       4,100,000  

 

See Notes to Financial Statements.

 

138   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

     WisdomTree International Dividend
ex-Financials Fund
   

WisdomTree International

Equity Fund

    WisdomTree International Hedged
Quality Dividend Growth Fund
 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 7,666,413     $ 8,574,987     $ 26,119,630     $ 21,770,680     $ 9,817,857     $ 10,570,354  

Net realized gain (loss) on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    (4,272,491     (3,579,886     (2,257,820     5,660,506       (27,297,499     18,101,046  

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    21,490,838       9,887,682       73,280,262       43,938,893       59,139,325       33,716,316  

Net increase in net assets resulting from operations

    24,884,760       14,882,783       97,142,072       71,370,079       41,659,683       62,387,716  

DIVIDENDS:

           

Net investment income

    (7,674,532     (8,722,068     (24,687,701     (21,780,815     (2,883,500     (12,264,750

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    2,282,900       7,774,853       147,167,975       65,281,232       110,682,170       110,117,578  

Cost of shares redeemed

    (21,414,941     (43,850,783     (8,577,112     (32,853,925     (85,993,497     (412,563,478

Net increase (decrease) in net assets resulting from capital share transactions

    (19,132,041     (36,075,930     138,590,863       32,427,307       24,688,673       (302,445,900

Net Increase (Decrease) in Net Assets

    (1,921,813     (29,915,215     211,045,234       82,016,571       63,464,856       (252,322,934

NET ASSETS:

           

Beginning of year

  $ 200,567,821     $ 230,483,036     $ 703,948,203     $ 621,931,632     $ 479,726,997     $ 732,049,931  

End of year

  $ 198,646,008     $ 200,567,821     $ 914,993,437     $ 703,948,203     $ 543,191,853     $ 479,726,997  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

  $ 703,745     $ 518,361     $ 4,021,252     $ 2,311,864     $ (1,813,823   $ (1,824,952

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    5,050,000       6,000,000       14,200,000       13,550,000       16,900,000       28,450,000  

Shares created

    50,000       200,000       2,700,000       1,350,000       3,600,000       4,150,000  

Shares redeemed

    (500,000     (1,150,000     (150,000     (700,000     (2,850,000     (15,700,000

Shares outstanding, end of year

    4,600,000       5,050,000       16,750,000       14,200,000       17,650,000       16,900,000  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      139  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

    

WisdomTree International

High Dividend Fund

    WisdomTree International LargeCap
Dividend Fund
    WisdomTree International MidCap
Dividend Fund
 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 12,094,014     $ 10,640,745     $ 13,384,433     $ 12,880,831     $ 6,564,915     $ 4,491,909  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (4,437,300     (1,193,429     (6,510,413     3,212,366       4,524,073       1,663,455  

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    23,164,345       18,860,097       37,272,146       23,394,524       21,086,588       9,684,162  

Net increase in net assets resulting from operations

    30,821,059       28,307,413       44,146,166       39,487,721       32,175,576       15,839,526  

DIVIDENDS:

           

Net investment income

    (11,744,233     (10,595,744     (12,934,443     (13,027,235     (6,153,904     (4,427,444

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    65,710,900             52,574,727       4,131,310       80,441,494       14,701,222  

Cost of shares redeemed

          (24,786,176           (38,131,413            

Net increase (decrease) in net assets resulting from capital share transactions

    65,710,900       (24,786,176     52,574,727       (34,000,103     80,441,494       14,701,222  

Net Increase (Decrease) in Net Assets

    84,787,726       (7,074,507     83,786,450       (7,539,617     106,463,166       26,113,304  

NET ASSETS:

           

Beginning of year

  $ 250,392,189     $ 257,466,696     $ 359,073,669     $ 366,613,286     $ 179,625,617     $ 153,512,313  

End of year

  $ 335,179,915     $ 250,392,189     $ 442,860,119     $ 359,073,669     $ 286,088,783     $ 179,625,617  

Undistributed net investment income included in net assets at end of year

  $ 1,255,785     $ 835,615     $ 1,771,819     $ 1,129,616     $ 1,131,599     $ 676,946  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    6,200,000       6,850,000       7,900,000       8,700,000       3,000,000       2,750,000  

Shares created

    1,550,000             1,050,000       100,000       1,200,000       250,000  

Shares redeemed

          (650,000           (900,000            

Shares outstanding, end of year

    7,750,000       6,200,000       8,950,000       7,900,000       4,200,000       3,000,000  

 

See Notes to Financial Statements.

 

140   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

     WisdomTree International Quality
Dividend Growth Fund
    WisdomTree International SmallCap
Dividend Fund
    WisdomTree Japan Hedged
Equity Fund
 
     For the
Year Ended
March 31, 2018
    For the Period
April 7, 2016*
through
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 330,599     $ 105,434     $ 47,040,477     $ 37,404,267     $ 140,746,169     $ 150,343,523  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    68,065       (3,479     22,288,125       (5,491,624     486,842,324       (218,685,156

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    1,583,152       435,416       204,548,417       125,044,787       503,760,938       1,139,266,388  

Net increase in net assets resulting from operations

    1,981,816       537,371       273,877,019       156,957,430       1,131,349,431       1,070,924,755  

DIVIDENDS:

           

Net investment income

    (213,547     (87,988     (49,435,198     (37,730,923     (218,205,485     (163,798,365

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    16,337,920       8,699,615       431,989,018       79,833,957       1,216,292,660       2,351,903,284  

Cost of shares redeemed

    (2,859,234                 (15,001,116     (3,934,107,108     (4,584,491,599

Net increase (decrease) in net assets resulting from capital share transactions

    13,478,686       8,699,615       431,989,018       64,832,841       (2,717,814,448     (2,232,588,315

Net Increase (Decrease) in Net Assets

    15,246,955       9,148,998       656,430,839       184,059,348       (1,804,670,502     (1,325,461,925

NET ASSETS:

           

Beginning of period

  $ 9,149,098     $ 100     $ 1,284,036,280     $ 1,099,976,932     $ 8,411,670,181     $ 9,737,132,106  

End of period

  $ 24,396,053     $ 9,149,098     $ 1,940,467,119     $ 1,284,036,280     $ 6,606,999,679     $ 8,411,670,181  

Undistributed net investment income included in net assets at end of period

  $ 136,501     $ 16,827     $ 5,684,304     $ 6,401,261     $ 106,092,832     $ 129,317,895  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of period

    350,004       4       19,700,000       18,650,000       166,900,000       222,050,000  

Shares created

    550,000       350,000       5,900,000       1,300,000       22,000,000       52,250,000  

Shares redeemed

    (100,004                 (250,000     (70,400,000     (107,400,000

Shares outstanding, end of period

    800,000       350,004       25,600,000       19,700,000       118,500,000       166,900,000  
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      141  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

     WisdomTree Japan Hedged
Financials Fund
    WisdomTree Japan Hedged Quality
Dividend Growth Fund
    WisdomTree Japan Hedged SmallCap
Equity Fund
 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 644,046     $ 534,877     $ 240,100     $ 217,391     $ 2,562,966     $ 1,748,987  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (1,090,522     (2,351,313     (507,185     (279,412     272,594       318,061  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (264,270     1,705,284       2,179,802       1,304,555       21,970,927       12,055,530  

Net increase (decrease) in net assets resulting from operations

    (710,746     (111,152     1,912,717       1,242,534       24,806,487       14,122,578  

DIVIDENDS:

           

Net investment income

    (658,576     (270,439     (316,270     (251,560     (2,644,796     (1,523,152

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    60,402,243       67,183,520             2,457,814       108,408,785       45,432,986  

Cost of shares redeemed

    (53,474,244     (44,389,804           (6,779,603     (38,697,447     (33,055,673

Net increase (decrease) in net assets resulting from capital share transactions

    6,927,999       22,793,716             (4,321,789     69,711,338       12,377,313  

Net Increase (Decrease) in Net Assets

    5,558,677       22,412,125       1,596,447       (3,330,815     91,873,029       24,976,739  

NET ASSETS:

           

Beginning of year

  $ 35,258,368     $ 12,846,243     $ 12,325,986     $ 15,656,801     $ 115,560,547     $ 90,583,808  

End of year

  $ 40,817,045     $ 35,258,368     $ 13,922,433     $ 12,325,986     $ 207,433,576     $ 115,560,547  

Undistributed net investment income included in net assets at end of year

  $ 602,316     $ 525,517     $ 115,756     $ 144,722     $ 2,698,485     $ 1,795,813  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    1,500,000       650,000       500,000       700,000       3,100,000       2,900,000  

Shares created

    2,350,000       2,750,000             100,000       2,500,000       1,300,000  

Shares redeemed

    (2,150,000     (1,900,000           (300,000     (900,000     (1,100,000

Shares outstanding, end of year

    1,700,000       1,500,000       500,000       500,000       4,700,000       3,100,000  

 

See Notes to Financial Statements.

 

142   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

 

  

 

 

      WisdomTree Japan SmallCap
Dividend Fund
 
      For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:

 

  

Net investment income

   $ 12,946,612      $ 7,944,600  

Net realized gain on investments, futures contracts, foreign currency contracts and foreign currency related transactions

     15,099,962        46,785,001  

Net increase in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies

     95,939,141        30,712,413  

Net increase in net assets resulting from operations

     123,985,715        85,442,014  

DIVIDENDS:

     

Net investment income

     (11,126,041      (7,628,997

CAPITAL SHARE TRANSACTIONS:

     

Net proceeds from sale of shares

     586,894,213        168,620,716  

Cost of shares redeemed

     (74,466,035      (194,160,996

Net increase (decrease) in net assets resulting from capital share transactions

     512,428,178        (25,540,280

Net Increase in Net Assets

     625,287,852        52,272,737  

NET ASSETS:

     

Beginning of year

   $ 475,303,501      $ 423,030,764  

End of year

   $ 1,100,591,353      $ 475,303,501  

Undistributed net investment income included in net assets at end of year

   $ 7,982,378      $ 4,598,218  

SHARES CREATED AND REDEEMED:

     

Shares outstanding, beginning of year

     7,150,000        7,650,000  

Shares created

     7,500,000        2,700,000  

Shares redeemed

     (1,050,000      (3,200,000

Shares outstanding, end of year

     13,600,000        7,150,000  

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      143  


Table of Contents

Financial Highlights

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Australia Dividend Fund    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 55.81      $ 48.31      $ 54.04      $ 61.26      $ 64.33  

Investment operations:

              

Net investment income1

     2.38        1.93        1.71        2.37        2.32  

Net realized and unrealized gain (loss)

     (0.52      7.68        (5.70      (7.40      (2.81

Total from investment operations

     1.86        9.61        (3.99      (5.03      (0.49

Dividends to shareholders:

              

Net investment income

     (2.36      (2.11      (1.74      (2.19      (2.58

Net asset value, end of period

   $ 55.31      $ 55.81      $ 48.31      $ 54.04      $ 61.26  

TOTAL RETURN2

     3.29      20.24      (7.17 )%       (8.30 )%       (0.59 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 33,185      $ 36,274      $ 33,817      $ 48,638      $ 55,138  

Ratios to average net assets of:

              

Expenses

     0.58      0.58      0.58      0.59 %3       0.58 %4 

Net investment income

     4.15      3.73      3.58      4.09      3.86 %4 

Portfolio turnover rate5

     28      30      41      26      27

 

           
WisdomTree Europe Hedged Equity Fund    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 62.80      $ 52.04      $ 66.16      $ 56.40      $ 49.86  

Investment operations:

              

Net investment income1

     1.23        1.70        1.29        1.14        1.31  

Net realized and unrealized gain (loss)

     0.08        10.59        (10.26      11.83        6.35  

Total from investment operations

     1.31        12.29        (8.97      12.97        7.66  

Dividends and distributions to shareholders:

              

Net investment income

     (1.44      (1.53      (1.35      (1.19      (1.12

Capital gains

                   (3.80      (2.02       

Total dividends and distributions to shareholders

     (1.44      (1.53      (5.15      (3.21      (1.12

Net asset value, end of period

   $ 62.67      $ 62.80      $ 52.04      $ 66.16      $ 56.40  

TOTAL RETURN2

     2.03      24.20      (13.85 )%       24.02      15.73

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 6,332,946      $ 9,300,174      $ 13,716,953      $ 17,544,485      $ 1,060,319  

Ratios to average net assets of:

              

Expenses

     0.58      0.58      0.58      0.59 %3       0.58 %4 

Net investment income

     1.91      3.13      2.19      1.91      2.43 %4 

Portfolio turnover rate5

     20      24      29      12      28
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 Europe Hedged Equity Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

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.

 

144   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe Hedged SmallCap Equity Fund    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the Period
March 4, 2015*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 28.29      $ 23.90      $ 25.94      $ 24.87  

Investment operations:

           

Net investment income1

     0.74        0.81        0.61        0.13  

Net realized and unrealized gain (loss)

     2.05        4.25        (1.57      0.94  

Total from investment operations

     2.79        5.06        (0.96      1.07  

Dividends and distributions to shareholders:

           

Net investment income

     (0.45      (0.67      (1.02       

Capital gains

                   (0.06       

Return of capital

     (0.01                     

Total dividends and distributions to shareholders

     (0.46      (0.67      (1.08       

Net asset value, end of period

   $ 30.62      $ 28.29      $ 23.90      $ 25.94  

TOTAL RETURN2

     9.88      21.62      (3.79 )%       4.30

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

   $ 154,624      $ 155,594      $ 267,708      $ 125,829  

Ratios to average net assets of:

           

Expenses

     0.58      0.58      0.58      0.58 %3 

Net investment income

     2.43      3.27      2.47      6.87 %3 

Portfolio turnover rate4

     37      41      39      1

 

         
WisdomTree Europe Quality Dividend Growth Fund    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the Period
May 7, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 23.17      $ 22.32      $ 23.18      $ 25.10  

Investment operations:

           

Net investment income1

     0.53        0.48        0.48        0.37  

Net realized and unrealized gain (loss)

     2.94        0.88        (0.89      (1.96

Total from investment operations

     3.47        1.36        (0.41      (1.59

Dividends to shareholders:

           

Net investment income

     (0.40      (0.51      (0.45      (0.33

Net asset value, end of period

   $ 26.24      $ 23.17      $ 22.32      $ 23.18  

TOTAL RETURN2

     15.03      6.24      (1.83 )%       (6.35 )% 

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

   $ 72,163      $ 17,377      $ 17,854      $ 11,591  

Ratios to average net assets of:

           

Expenses

     0.58      0.58      0.58 %5       0.58 %3 

Net investment income

     2.02      2.19      2.13      1.75 %3 

Portfolio turnover rate4

     18      35      54      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.

 

5 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      145  


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe SmallCap Dividend Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

  $ 59.16     $ 57.01     $ 55.63     $ 62.23     $ 41.98  

Investment operations:

         

Net investment income1

    1.88       2.04       1.45       1.94       0.73  

Net realized and unrealized gain (loss)

    10.39       2.32       1.49       (7.03     20.90  

Total from investment operations

    12.27       4.36       2.94       (5.09     21.63  

Dividends to shareholders:

         

Net investment income

    (1.88     (2.21     (1.56     (1.51     (1.38

Net asset value, end of period

  $ 69.55     $ 59.16     $ 57.01     $ 55.63     $ 62.23  

TOTAL RETURN2

    20.94     7.97     5.25     (8.26 )%      53.06

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 1,224,082     $ 774,999     $ 1,125,935     $ 853,874     $ 1,446,871  

Ratios to average net assets3 of:

         

Expenses, net of expense waivers

    0.58     0.58     0.58 %4      0.59 %5      0.58 %6 

Expenses, prior to expense waivers

    0.58     0.58     0.59 %4      0.59 %5      0.58 %6 

Net investment income

    2.76     3.68     2.59     3.40     1.29 %6 

Portfolio turnover rate7

    33     45     50     42     24

 

           
WisdomTree Germany Hedged Equity Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the Period
October 17, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

  $ 30.40     $ 25.54     $ 31.38     $ 26.98     $ 25.01  

Investment operations:

         

Net investment income (loss)1

    0.87       0.84       0.60       0.16       (0.00 )8 

Net realized and unrealized gain (loss)

    0.54       4.99       (5.05     5.90       1.97  

Total from investment operations

    1.41       5.83       (4.45     6.06       1.97  

Dividends and distributions to shareholders:

         

Net investment income

    (0.64     (0.97     (0.73     (0.41      

Capital gains

                (0.66     (1.25      

Return of capital

    (0.22                        

Total dividends and distributions to shareholders

    (0.86     (0.97     (1.39     (1.66      

Net asset value, end of period

  $ 30.95     $ 30.40     $ 25.54     $ 31.38     $ 26.98  

TOTAL RETURN2

    4.63     23.62     (14.44 )%      23.70     7.88

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 91,302     $ 124,648     $ 200,501     $ 291,816     $ 9,443  

Ratios to average net assets of:

         

Expenses

    0.48     0.48     0.48     0.49 %9      0.48 %6 

Net investment income (loss)

    2.78     3.14     2.18     0.55     (0.00 )%6,10 

Portfolio turnover rate7

    20     28     38     11     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 Europe 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

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio (net of expense waivers) would have been 0.58% and the expense ratio (prior to expense waivers) would have been 0.58%.

 

5

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

6 

Annualized.

 

7 

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.

 

8 

Amount represents less than $0.005.

 

9 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

10 

Amount represents less than 0.005%.

 

See Notes to Financial Statements.

 

146   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International Dividend
ex-Financials Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 39.72      $ 38.41      $ 43.79      $ 49.23      $ 42.13  

Investment operations:

              

Net investment income1

     1.58        1.48        1.64        2.00        2.06  

Net realized and unrealized gain (loss)

     3.45        1.34        (5.41      (5.53      7.11  

Total from investment operations

     5.03        2.82        (3.77      (3.53      9.17  

Dividends to shareholders:

              

Net investment income

     (1.57      (1.51      (1.61      (1.91      (2.07

Net asset value, end of period

   $ 43.18      $ 39.72      $ 38.41      $ 43.79      $ 49.23  

TOTAL RETURN2

     12.84      7.56      (8.83 )%       (7.41 )%       22.58

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 198,646      $ 200,568      $ 230,483      $ 324,083      $ 349,545  

Ratios to average net assets3 of:

              

Expenses4

     0.58      0.58      0.58 %5       0.59 %6       0.58 %7 

Net investment income

     3.73      3.86      3.99      4.23      4.54 %7 

Portfolio turnover rate8

     35      30      40      44      36

 

           
WisdomTree International Equity
Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 49.57      $ 45.90      $ 51.67      $ 54.47      $ 47.77  

Investment operations:

              

Net investment income1

     1.70        1.59        1.68        1.92        2.27  

Net realized and unrealized gain (loss)

     4.98        3.68        (5.79      (2.86      6.72  

Total from investment operations

     6.68        5.27        (4.11      (0.94      8.99  

Dividends to shareholders:

              

Net investment income

     (1.62      (1.60      (1.66      (1.86      (2.29

Net asset value, end of period

   $ 54.63      $ 49.57      $ 45.90      $ 51.67      $ 54.47  

TOTAL RETURN2

     13.61      11.75      (8.15 )%       (1.83 )%       19.43

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 914,993      $ 703,948      $ 621,932      $ 645,832      $ 569,188  

Ratios to average net assets3 of:

              

Expenses4

     0.48      0.48      0.48 %5       0.49 %9       0.48 %7 

Net investment income

     3.15      3.41      3.47      3.63      4.41 %7 

Portfolio turnover rate8

     19      14      13      19      21
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

7 

Annualized.

 

8 

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.

 

9 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      147  


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International Hedged Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the Period
May 7, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 28.39      $ 25.73      $ 26.99      $ 24.90  

Investment operations:

           

Net investment income1

     0.58        0.56        0.71        0.90  

Net realized and unrealized gain (loss)

     1.99        2.80        (1.17      2.18  

Total from investment operations

     2.57        3.36        (0.46      3.08  

Dividends and distributions to shareholders:

           

Net investment income

     (0.18      (0.70      (0.55      (0.23

Capital gains

                   (0.25      (0.76

Total dividends and distributions to shareholders

     (0.18      (0.70      (0.80      (0.99

Net asset value, end of period

   $ 30.78      $ 28.39      $ 25.73      $ 26.99  

TOTAL RETURN2

     9.05      13.26      (1.73 )%       12.78

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

   $ 543,192      $ 479,727      $ 732,050      $ 206,452  

Ratios to average net assets of:

           

Expenses

     0.58      0.58      0.58 %3       0.58 %4 

Net investment income

     1.89      2.14      2.75      3.89 %4 

Portfolio turnover rate5

     42      53      48      14

 

           
WisdomTree International High
Dividend Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 40.39      $ 37.59      $ 43.28      $ 47.62      $ 41.39  

Investment operations:

              

Net investment income1

     1.66        1.63        1.65        1.94        2.57  

Net realized and unrealized gain (loss)

     2.79        2.79        (5.70      (4.41      6.14  

Total from investment operations

     4.45        4.42        (4.05      (2.47      8.71  

Dividends to shareholders:

              

Net investment income

     (1.59      (1.62      (1.64      (1.87      (2.48

Net asset value, end of period

   $ 43.25      $ 40.39      $ 37.59      $ 43.28      $ 47.62  

TOTAL RETURN2

     11.12      12.09      (9.60 )%       (5.41 )%       21.82

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 335,180      $ 250,392      $ 257,467      $ 337,620      $ 304,753  

Ratios to average net assets6 of:

              

Expenses7

     0.58      0.58      0.58 %3       0.59 %8       0.58 %4 

Net investment income

     3.83      4.28      4.09      4.24      5.71 %4 

Portfolio turnover rate5

     26      29      21      20      26
* 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 International High Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

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 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

7 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

8 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

148   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International LargeCap
Dividend Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 45.45      $ 42.14      $ 48.67      $ 51.68      $ 45.77  

Investment operations:

              

Net investment income1

     1.62        1.54        1.59        1.88        2.35  

Net realized and unrealized gain (loss)

     3.97        3.32        (6.58      (3.09      5.79  

Total from investment operations

     5.59        4.86        (4.99      (1.21      8.14  

Dividends to shareholders:

              

Net investment income

     (1.56      (1.55      (1.54      (1.80      (2.23

Net asset value, end of period

   $ 49.48      $ 45.45      $ 42.14      $ 48.67      $ 51.68  

TOTAL RETURN2

     12.41      11.79      (10.49 )%       (2.47 )%       18.35

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 442,860      $ 359,074      $ 366,613      $ 355,273      $ 315,276  

Ratios to average net assets3 of:

              

Expenses4

     0.48      0.48      0.48 %5       0.49 %6       0.48 %7 

Net investment income

     3.30      3.59      3.51      3.72      4.77 %7 

Portfolio turnover rate8

     16      15      19      12      15

 

           
WisdomTree International MidCap
Dividend Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 59.88      $ 55.82      $ 58.65      $ 60.03      $ 51.77  

Investment operations:

              

Net investment income1

     1.84        1.60        1.64        1.81        1.83  

Net realized and unrealized gain (loss)

     8.17        4.03        (2.85      (1.45      8.31  

Total from investment operations

     10.01        5.63        (1.21      0.36        10.14  

Dividends to shareholders:

              

Net investment income

     (1.77      (1.57      (1.62      (1.74      (1.88

Net asset value, end of period

   $ 68.12      $ 59.88      $ 55.82      $ 58.65      $ 60.03  

TOTAL RETURN2

     16.87      10.34      (2.12 )%       0.57      20.22

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 286,089      $ 179,626      $ 153,512      $ 155,414      $ 141,082  

Ratios to average net assets3 of:

              

Expenses4

     0.58      0.58      0.58 %5       0.59 %9       0.58 %7 

Net investment income

     2.76      2.87      2.91      3.09      3.27 %7 

Portfolio turnover rate8

     23      31      24      29      22
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

7 

Annualized.

 

8 

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.

 

9 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      149  


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International Quality Dividend Growth Fund    For the Period
Ended
March 31, 2018
     For the Period
April 7, 2016*
through
March 31, 2017
 

Net asset value, beginning of period

   $ 26.14      $ 24.86  

Investment operations:

 

Net investment income1

     0.65        0.73  

Net realized and unrealized gain

     4.12        1.02  

Total from investment operations

     4.77        1.75  

Dividends to shareholders:

 

Net investment income

     (0.41      (0.47

Net asset value, end of period

   $ 30.50      $ 26.14  

TOTAL RETURN2

     18.33      7.12

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 24,396      $ 9,149  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.38      0.38 %3 

Expenses, prior to expense waivers

     0.48      0.48 %3 

Net investment income

     2.18      2.97 %3 

Portfolio turnover rate4

     39      38

 

           
WisdomTree International SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 65.18      $ 58.98      $ 59.21      $ 64.84      $ 55.38  

Investment operations:

 

Net investment income1

     2.07        1.97        1.64        1.91        1.91  

Net realized and unrealized gain (loss)

     10.76        6.22        (0.31      (5.67      9.97  

Total from investment operations

     12.83        8.19        1.33        (3.76      11.88  

Dividends to shareholders:

 

Net investment income

     (2.21      (1.99      (1.56      (1.87      (2.42

Net asset value, end of period

   $ 75.80      $ 65.18      $ 58.98      $ 59.21      $ 64.84  

TOTAL RETURN2

     19.91      14.24      2.26      (5.87 )%       22.26

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 1,940,467      $ 1,284,036      $ 1,099,977      $ 917,778      $ 923,997  

Ratios to average net assets5 of:

 

Expenses6

     0.58      0.58      0.58 %7       0.59 %8       0.58 %3 

Net investment income

     2.83      3.27      2.82      3.16      3.20 %3 

Portfolio turnover rate4

     28      38      48      25      42
* 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.

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

8 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

150   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan Hedged Equity Fund    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 50.40      $ 43.85      $ 55.03      $ 47.50      $ 42.95  

Investment operations:

              

Net investment income1

     0.92        0.86        0.80        0.91        0.88  

Net realized and unrealized gain (loss)

     5.81        6.67        (9.00      12.34        4.91  

Total from investment operations

     6.73        7.53        (8.20      13.25        5.79  

Dividends and distributions to shareholders:

              

Net investment income

     (1.37      (0.98      (0.76      (0.94      (0.62

Capital gains

                   (2.22      (4.78      (0.62

Total dividends and distributions to shareholders

     (1.37      (0.98      (2.98      (5.72      (1.24

Net asset value, end of period

   $ 55.76      $ 50.40      $ 43.85      $ 55.03      $ 47.50  

TOTAL RETURN2

     13.45      17.45      (15.64 )%       29.30      13.48

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 6,607,000      $ 8,411,670      $ 9,737,132      $ 15,806,850      $ 11,441,824  

Ratios to average net assets of:

              

Expenses

     0.48      0.48      0.48      0.49 %3       0.48 %4 

Net investment income

     1.67      1.91      1.52      1.81      1.84 %4 

Portfolio turnover rate5

     18      37      27      31      24

 

         
WisdomTree Japan Hedged Financials Fund    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the Period
April 8, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 23.51      $ 19.76      $ 26.29      $ 23.83  

Investment operations:

           

Net investment income1

     0.51        0.49        0.39        0.45  

Net realized and unrealized gain (loss)

     0.54        3.57        (6.72      5.44  

Total from investment operations

     1.05        4.06        (6.33      5.89  

Dividends and distributions to shareholders:

           

Net investment income

     (0.55      (0.31      (0.15      (0.22

Capital gains

                   (0.05      (3.21

Total dividends and distributions to shareholders

     (0.55      (0.31      (0.20      (3.43

Net asset value, end of period

   $ 24.01      $ 23.51      $ 19.76      $ 26.29  

TOTAL RETURN2

     4.44      20.99      (24.30 )%       25.94

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

   $ 40,817      $ 35,258      $ 12,846      $ 7,887  

Ratios to average net assets of:

           

Expenses, net of expense waivers

     0.48      0.48      0.47 %6       0.43 %4 

Expenses, prior to expense waivers

     0.48      0.48      0.48      0.48 %4 

Net investment income

     2.10      2.16      1.46      1.80 %4 

Portfolio turnover rate5

     30      20      21      29
* 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 Japan Hedged Financials Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

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 

During the period, the investment advisor had contractually agreed to limit the advisory fee to 0.43% through July 31, 2015. On July 31, 2015, the contractual waiver expired and was not renewed.

 

See Notes to Financial Statements.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      151  


Table of Contents

Financial Highlights (continued)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan Hedged Quality Dividend Growth Fund    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the Period
April 9, 2015*
through
March 31, 2016
 

Net asset value, beginning of period

   $ 24.65      $ 22.37      $ 25.59  

Investment operations:

 

Net investment income1

     0.48        0.41        0.45  

Net realized and unrealized gain (loss)

     3.34        2.37        (3.43

Total from investment operations

     3.82        2.78        (2.98

Dividends to shareholders:

 

Net investment income

     (0.63      (0.50      (0.24

Net asset value, end of period

   $ 27.84      $ 24.65      $ 22.37  

TOTAL RETURN2

     15.56      12.60      (11.73 )% 

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 13,922      $ 12,326      $ 15,657  

Ratios to average net assets of:

 

Expenses, net of expense waivers

     0.43      0.43      0.43 %3 

Expenses, prior to expense waivers

     0.48      0.48      0.48 %3 

Net investment income

     1.77      1.77      1.88 %3 

Portfolio turnover rate4

     30      37      40

 

WisdomTree Japan Hedged SmallCap Equity
Fund
  For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the Period
June 28, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

  $ 37.28     $ 31.24     $ 33.65     $ 29.08     $ 26.17  

Investment operations:

 

   

Net investment income1

    0.64       0.70       0.41       0.47       0.59  

Net realized and unrealized gain (loss)

    6.91       5.94       (1.59     6.74       2.38  

Total from investment operations

    7.55       6.64       (1.18     7.21       2.97  

Dividends and distributions to shareholders:

 

   

Net investment income

    (0.70     (0.60     (0.35     (0.41     (0.06

Capital gains

                (0.88     (2.23      

Total dividends and distributions to shareholders

    (0.70     (0.60     (1.23     (2.64     (0.06

Net asset value, end of period

  $ 44.13     $ 37.28     $ 31.24     $ 33.65     $ 29.08  

TOTAL RETURN2

    20.42     21.64     (3.83 )%5      25.86     11.37

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 207,434     $ 115,561     $ 90,584     $ 117,762     $ 75,614  

Ratios to average net assets of:

 

   

Expenses

    0.58     0.58     0.58     0.59 %6      0.58 %3 

Net investment income

    1.51     2.11     1.20     1.52     2.75 %3 

Portfolio turnover rate4

    30     48     45     41     19
* 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 Japan Hedged Quality Dividend Growth 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.

 

5 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been 0.95% lower.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

152   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Financial Highlights (concluded)

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 66.48      $ 55.30      $ 54.09      $ 50.28      $ 48.84  

Investment operations:

              

Net investment income1

     1.47        1.11        0.91        0.71        0.72  

Net realized and unrealized gain

     14.27        11.16        1.00        3.89        1.84  

Total from investment operations

     15.74        12.27        1.91        4.60        2.56  

Dividends to shareholders:

              

Net investment income

     (1.29      (1.09      (0.70      (0.79      (1.12

Net asset value, end of period

   $ 80.93      $ 66.48      $ 55.30      $ 54.09      $ 50.28  

TOTAL RETURN2

     23.84      22.43      3.51      9.26      5.41

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 1,100,591      $ 475,304      $ 423,031      $ 286,651      $ 284,106  

Ratios to average net assets3 of:

              

Expenses4

     0.58      0.58      0.58      0.59 %5       0.58 %6 

Net investment income

     1.94      1.84      1.65      1.40      1.44 %6 

Portfolio turnover rate7

     18      33      29      36      21
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

6 

Annualized.

 

7 

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.

 

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Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2018, the Trust consisted of 80 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 Australia Dividend Fund (“Australia Dividend Fund’’)

     June 16, 2006  

WisdomTree Europe Hedged Equity Fund (“Europe Hedged Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     December 31, 2009  

WisdomTree Europe Hedged SmallCap Equity Fund (“Europe Hedged SmallCap Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     March 4, 2015  

WisdomTree Europe Quality Dividend Growth Fund (“Europe Quality Dividend Growth Fund’’)

     May 7, 2014  

WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree Germany Hedged Equity Fund (“Germany Hedged Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     October 17, 2013  

WisdomTree International Dividend ex-Financials Fund (“International Dividend ex-Financials Fund’’)

     June 16, 2006  

WisdomTree International Equity Fund (“International Equity Fund’’)

     June 16, 2006  

WisdomTree International Hedged Quality Dividend Growth Fund (“International Hedged Quality Dividend Growth Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     May 7, 2014  

WisdomTree International High Dividend Fund (“International High Dividend Fund’’)

     June 16, 2006  

WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International Quality Dividend Growth Fund (“International Quality Dividend Growth Fund’’)

     April 7, 2016  

WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     June 16, 2006  

WisdomTree Japan Hedged Financials Fund (“Japan Hedged Financials Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     April 8, 2014  

WisdomTree Japan Hedged Quality Dividend Growth Fund (“Japan Hedged Quality Dividend Growth Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     April 9, 2015  

WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap Equity Fund’’ and also referred to herein as ‘‘Currency Hedged Equity Fund’’)

     June 28, 2013  

WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund’’)

     June 16, 2006  

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

 

154   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

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. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time. Futures contracts generally are valued at the settlement price, the price at which a futures contract settles once a given trading day has ended, on the primary exchange on which they trade.

In certain instances, such as when reliable market valuations are not readily available 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 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).

 

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Table of Contents

Notes to Financial Statements (continued)

 

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, 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 March 31, 2018 in valuing each Fund’s assets:

 

Australia Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 32,908,724      $      $  

Investment of Cash Collateral for Securities Loaned

            2,296,561         

Total

   $ 32,908,724      $ 2,296,561      $  

Unrealized Depreciation on Foreign Currency Contracts

            (3       

Total - Net

   $ 32,908,724      $ 2,296,558      $  
        
Europe Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 6,312,031,506      $      $  

Investment of Cash Collateral for Securities Loaned

            233,934,679         

Total

   $ 6,312,031,506      $ 233,934,679      $  

Unrealized Appreciation on Foreign Currency Contracts

            11,024,214         

Unrealized Depreciation on Foreign Currency Contracts

            (46,751,138       

Total - Net

   $ 6,312,031,506      $ 198,207,755      $  

 

156   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

 

Europe Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 153,589,697      $      $  

Rights*

     117,453                

Investment of Cash Collateral for Securities Loaned

            4,215,398         

Total

   $ 153,707,150      $ 4,215,398      $  

Unrealized Appreciation on Foreign Currency Contracts

            1,967         

Unrealized Depreciation on Foreign Currency Contracts

            (922,706       

Total - Net

   $ 153,707,150      $ 3,294,659      $  
        
Europe Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 71,845,112      $      $  

Rights*

     26,349                

Investment of Cash Collateral for Securities Loaned

            1,002,910         

Total

   $ 71,871,461      $ 1,002,910      $  
        
Europe SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,208,899,195      $      $  

Rights*

     1,383,423                

Exchange-Traded Fund

     5,240,125                

Investment of Cash Collateral for Securities Loaned

            57,256,757         

Total

   $ 1,215,522,743      $ 57,256,757      $  

Unrealized Appreciation on Foreign Currency Contracts

            7,917         

Unrealized Depreciation on Foreign Currency Contracts

            (191       

Total - Net

   $ 1,215,522,743      $ 57,264,483      $  
        
Germany Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 90,708,956      $      $  

Investment of Cash Collateral for Securities Loaned

            6,890         

Total

   $ 90,708,956      $ 6,890      $  

Unrealized Appreciation on Foreign Currency Contracts

            1,141         

Unrealized Depreciation on Foreign Currency Contracts

            (565,369       

Total - Net

   $ 90,708,956      $ (557,338    $  
        
International Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 197,252,584      $      $  

Exchange-Traded Fund

     130,035                

Investment of Cash Collateral for Securities Loaned

            931,270         

Total

   $ 197,382,619      $ 931,270      $  

Unrealized Depreciation on Foreign Currency Contracts

            (531       

Total - Net

   $ 197,382,619      $ 930,739      $  
        
International Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 909,511,849      $      $  

Exchange-Traded Fund

     174                

Investment of Cash Collateral for Securities Loaned

            35,599,611         

Total

   $ 909,512,023      $ 35,599,611      $  

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      157  


Table of Contents

Notes to Financial Statements (continued)

 

 

International Hedged Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 540,396,834      $      $  

Rights*

     71,927                

Investment of Cash Collateral for Securities Loaned

            7,588,253         

Total

   $ 540,468,761      $ 7,588,253      $  

Unrealized Appreciation on Foreign Currency Contracts

            2,245,664         

Unrealized Depreciation on Foreign Currency Contracts

            (2,953,817       

Total - Net

   $ 540,468,761      $ 6,880,100      $  
        
International High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 333,051,745      $      $  

Rights

     13,280                

Exchange-Traded Fund

     267,690                

Investment of Cash Collateral for Securities Loaned

            7,777,529         

Total

   $ 333,332,715      $ 7,777,529      $  
        
International LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 439,344,049      $      $  

Exchange-Traded Fund

     759,963                

Investment of Cash Collateral for Securities Loaned

            12,459,385         

Total

   $ 440,104,012      $ 12,459,385      $  

Unrealized Appreciation on Foreign Currency Contracts

            484         

Unrealized Depreciation on Foreign Currency Contracts

            (77       

Total - Net

   $ 440,104,012      $ 12,459,792      $  
        
International MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 284,459,763      $      $  

Exchange-Traded Funds

     86,565                

Investment of Cash Collateral for Securities Loaned

            15,346,429         

Total

   $ 284,546,328      $ 15,346,429      $  

Unrealized Depreciation on Foreign Currency Contracts

            (1       

Total - Net

   $ 284,546,328      $ 15,346,428      $  
        
International Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 24,247,363      $      $  

Rights*

     6,125                

Investment of Cash Collateral for Securities Loaned

            597,345         

Total

   $ 24,253,488      $ 597,345      $  

Unrealized Appreciation on Foreign Currency Contracts

            2,375         

Unrealized Depreciation on Foreign Currency Contracts

            (2,353       

Total - Net

   $ 24,253,488      $ 597,367      $  

 

158   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

 

International SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Japan

   $ 511,619,427      $ 1,984,900      $  

Other*

     1,406,117,247                

Rights*

     646,947                

Exchange-Traded Funds

     7,119,679                

Investment of Cash Collateral for Securities Loaned

            122,756,009         

Total

   $ 1,925,503,300      $ 124,740,909      $  
        
Japan Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 6,541,492,273      $      $  

Investment of Cash Collateral for Securities Loaned

            391,503,379         

Total

   $ 6,541,492,273      $ 391,503,379      $  

Unrealized Appreciation on Foreign Currency Contracts

            3,380,797         

Unrealized Depreciation on Foreign Currency Contracts

            (34,651,583       

Total - Net

   $ 6,541,492,273      $ 360,232,593      $  
        
Japan Hedged Financials Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Banks

   $ 20,134,714      $ 66,150      $  

Other*

     20,041,523                

Investment of Cash Collateral for Securities Loaned

            2,035,345         

Total

   $ 40,176,237      $ 2,101,495      $  

Unrealized Appreciation on Foreign Currency Contracts

            13,016         

Unrealized Depreciation on Foreign Currency Contracts

            (47,904       

Total - Net

   $ 40,176,237      $ 2,066,607      $  
        
Japan Hedged Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 13,781,919      $      $  

Investment of Cash Collateral for Securities Loaned

            83,972         

Total

   $ 13,781,919      $ 83,972      $  

Unrealized Appreciation on Foreign Currency Contracts

            4,387         

Unrealized Depreciation on Foreign Currency Contracts

            (16,099       

Total - Net

   $ 13,781,919      $ 72,260      $  
        
Japan Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Banks

   $ 13,397,410      $ 426,345      $  

Other*

     191,484,065                

Investment of Cash Collateral for Securities Loaned

            22,883,309         

Total

   $ 204,881,475      $ 23,309,654      $  

Unrealized Appreciation on Foreign Currency Contracts

            65,271         

Unrealized Depreciation on Foreign Currency Contracts

            (239,968       

Total - Net

   $ 204,881,475      $ 23,134,957      $  

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      159  


Table of Contents

Notes to Financial Statements (continued)

 

 

Japan SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Banks

   $ 70,945,490      $ 2,430,089      $  

Other*

     1,015,084,951                

Exchange-Traded Fund

     244,988                

Investment of Cash Collateral for Securities Loaned

            72,826,855         

Total

   $ 1,086,275,429      $ 75,256,944      $  
  * Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

The following is a summary of transfers between fair value measurement levels that occurred during fiscal year ended March 31, 2018. The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

 

     

Transfers from

Level 1 to Level 21

    

Transfers from

Level 1 to Level 3

     Transfers from
Level 2 to Level 1
 

International SmallCap Dividend Fund

   $ 566,705      $      $  

Japan Hedged Financials Fund

     84,483                

Japan Hedged SmallCap Equity Fund

     300,913                

Japan SmallCap Dividend Fund

     375,068                
  1 

Transfers from Level 1 to Level 2 are as a result of the unavailability of a quoted price in an active market for identical investments as of March 31, 2018.

During the fiscal year ended March 31, 2018, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts during the year ended March 31, 2018 and open positions in such derivatives as of March 31, 2018 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at March 31, 2018 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 166 and 167. At March 31, 2018, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

As of March 31, 2018, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

Fund

   Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

Australia Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
   $      Unrealized depreciation on
foreign currency contracts
   $ 3  

Europe Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     11,024,214      Unrealized depreciation on
foreign currency contracts
     46,751,138  

Europe Hedged SmallCap Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     1,967      Unrealized depreciation on
foreign currency contracts
     922,706  

Europe SmallCap Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     7,917      Unrealized depreciation on
foreign currency contracts
     191  

Germany Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     1,141      Unrealized depreciation on
foreign currency contracts
     565,369  

 

160   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund

   Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

International Dividend ex-Financials Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
   $      Unrealized depreciation on
foreign currency contracts
   $ 531  

International Hedged Quality Dividend Growth Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     2,245,664      Unrealized depreciation on
foreign currency contracts
     2,953,817  

International LargeCap Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     484      Unrealized depreciation on
foreign currency contracts
     77  

International MidCap Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     1  

International Quality Dividend Growth Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     2,375      Unrealized depreciation on
foreign currency contracts
     2,353  

Japan Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     3,380,797      Unrealized depreciation on
foreign currency contracts
     34,651,583  

Japan Hedged Financials Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     13,016      Unrealized depreciation on
foreign currency contracts
     47,904  

Japan Hedged Quality Dividend Growth Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     4,387      Unrealized depreciation on
foreign currency contracts
     16,099  

Japan Hedged SmallCap Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     65,271      Unrealized depreciation on
foreign currency contracts
     239,968  

For the fiscal year ended March 31, 2018, 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
 

Australia Dividend Fund

 

Foreign exchange contracts

   $ 1,367      $ (23

Europe Hedged Equity Fund

 

Foreign exchange contracts

     (1,113,264,428      22,313,080  

Equity contracts

     888,112         

Europe Hedged SmallCap Equity Fund

 

Foreign exchange contracts

     (18,896,470      (24,062

Europe Quality Dividend Growth Fund

 

Foreign exchange contracts

     418         

Europe SmallCap Dividend Fund

 

Foreign exchange contracts

     (371,408      8,359  

Germany Hedged Equity Fund

 

Foreign exchange contracts

     (14,653,220      39,785  

International Dividend ex-Financials Fund

 

Foreign exchange contracts

     40,175        (531

International Equity Fund

 

Foreign exchange contracts

     116,535        (7,388

International Hedged Quality Dividend Growth Fund

 

Foreign exchange contracts

     (39,820,464      392,983  

Equity contracts

     142,741         

International High Dividend Fund

     

Foreign exchange contracts

     91,390        71  

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      161  


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Amount of Realized Gain
or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or
(Depreciation) on
Derivatives Recognized2
 

International LargeCap Dividend Fund

     

Foreign exchange contracts

   $ 71,463      $ 481  

International MidCap Dividend Fund

     

Foreign exchange contracts

     (10,758      57  

International Quality Dividend Growth Fund

     

Foreign exchange contracts

     (2,484      23  

International SmallCap Dividend Fund

     

Foreign exchange contracts

     89,634        (1,454

Japan Hedged Equity Fund

     

Foreign exchange contracts

     (317,001,825      1,236,783  

Japan Hedged Financials Fund

     

Foreign exchange contracts

     (1,967,308      124,354  

Japan Hedged Quality Dividend Growth Fund

     

Foreign exchange contracts

     (508,893      21,388  

Japan Hedged SmallCap Equity Fund

     

Foreign exchange contracts

     (9,682,820      86,178  

Japan SmallCap Dividend Fund

 

Foreign exchange contracts

     (160,601      (460

Equity contracts

     136,825         

 

  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts

Equity contracts

   Net realized gain (loss) from futures contracts

 

  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

During the fiscal year ended March 31, 2018, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

      Average Notional  
Fund    Foreign currency
contracts
(to deliver USD)
     Foreign currency
contracts
(to receive USD)
    

Futures

contracts
(long)

 

Australia Dividend Fund

 

Foreign exchange contracts

   $      $ 7,596      $  

Europe Hedged Equity Fund

 

Equity contracts

                   10,818,314 1 

Foreign exchange contracts

     8,737,792,141        17,235,164,247         

Europe Hedged SmallCap Equity Fund

 

Foreign exchange contracts

     159,294,821        315,747,032         

Europe Quality Dividend Growth Fund

 

Foreign exchange contracts

            8,400         

Europe SmallCap Dividend Fund

 

Foreign exchange contracts

     418,059        552,842         

Germany Hedged Equity Fund

 

Foreign exchange contracts

     115,997,663        228,544,512         

International Dividend ex-Financials Fund

 

Foreign exchange contracts

     5,961        77,261         

International Equity Fund

 

Foreign exchange contracts

     305,231        145,669         

International Hedged Quality Dividend Growth Fund

 

Equity contracts

                   1,543,339 1 

Foreign exchange contracts

     522,067,140        1,039,462,358         

 

162   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

      Average Notional  
Fund    Foreign currency
contracts
(to deliver USD)
     Foreign currency
contracts
(to receive USD)
    

Futures

contracts
(long)

 

International High Dividend Fund

 

Foreign exchange contracts

   $ 28,753      $ 127,091      $  

International LargeCap Dividend Fund

 

Foreign exchange contracts

     53,193        91,119         

International MidCap Dividend Fund

 

Foreign exchange contracts

            79,804         

International Quality Dividend Growth Fund

 

Foreign exchange contracts

     41,799        46,383         

International SmallCap Dividend Fund

 

Foreign exchange contracts

     130,675        800,312         

Japan Hedged Equity Fund

 

Foreign exchange contracts

     8,641,750,361        17,012,351,800         

Japan Hedged Financials Fund

 

Foreign exchange contracts

     35,500,858        65,962,977         

Japan Hedged Quality Dividend Growth Fund

 

Foreign exchange contracts

     13,484,619        27,082,590         

Japan Hedged SmallCap Equity Fund

 

Foreign exchange contracts

     171,218,529        341,260,371         

Japan SmallCap Dividend Fund

 

Equity contracts

                   1,318,395 1 

Foreign exchange contracts

     109        184,985         
  1 

The volume of derivative activity for the period is based on intra-month balances.

Investment Transactions and Investment Income Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income (net of foreign taxes withheld, if any) is recognized on the ex-dividend date 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. Income earned from securities lending activities (i.e. Securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net increase (decrease) in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or increase (decrease) in unrealized appreciation (depreciation) from translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      163  


Table of Contents

Notes to Financial Statements (continued)

 

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency forward and foreign currency futures 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 Funds, other than the Currency Hedged Equity Funds, utilized forward foreign currency contracts (“Forward Contracts”) primarily to facilitate foreign security settlements. The Currency Hedged Equity Funds utilized Forward Contracts to dynamically obtain either a net long or net short exposure to foreign currencies consistent with each Currency Hedged Equity Fund’s investment objective. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

Futures Contracts — Each of the Europe Hedged Equity Fund, International Hedged Quality Dividend Growth Fund and Japan 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

 

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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.

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 Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the

 

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market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2018, 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  

Fund

 

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

 
    Financial
Instruments
    Collateral
Received
        Financial
Instruments
    Collateral
Posted
   

Australia Dividend Fund

               

Securities Lending

  $ 3,714,073     $     $ (3,714,073 )1    $     $     $     $     $  

Foreign Currency Contracts

                            3                   3  

Europe Hedged Equity Fund

               

Securities Lending

    225,298,985             (225,298,985 )1                               

Foreign Currency Contracts

    11,024,214       (11,024,214                 46,751,138       (11,024,214           35,726,924  

Europe Hedged SmallCap Equity Fund

 

           

Securities Lending

    5,350,139             (5,350,139 )1                               

Foreign Currency Contracts

    1,967       (1,967                 922,706       (1,967           920,739  

Europe Quality Dividend Growth Fund

 

           

Securities Lending

    997,702             (997,702 )1                               

Europe SmallCap Dividend Fund

               

Securities Lending

    72,078,311             (72,078,311 )1                               

Foreign Currency Contracts

    7,917       (191           7,726       191       (191            

Germany Hedged Equity Fund

               

Securities Lending

    6,555             (6,555 )1                               

Foreign Currency Contracts

    1,141       (1,141                 565,369       (1,141           564,228  

International Dividend ex-Financials Fund

 

             

Securities Lending

    1,854,574             (1,854,574 )1                               

Foreign Currency Contracts

                            531                   531  

International Equity Fund

 

           

Securities Lending

    41,672,599             (41,672,599 )1                               

International Hedged Quality Dividend Growth Fund

 

           

Securities Lending

    16,078,154             (16,078,154 )1                               

Foreign Currency Contracts

    2,245,664       (2,241,103           4,561       2,953,817       (2,241,103           712,714  

International High Dividend Fund

 

           

Securities Lending

    9,427,586             (9,427,586 )1                               

International LargeCap Dividend Fund

 

             

Securities Lending

    12,281,757             (12,281,757 )1                               

Foreign Currency Contracts

    484       (77           407       77       (77            

International MidCap Dividend Fund

 

           

Securities Lending

    20,511,870             (20,511,870 )1                               

Foreign Currency Contracts

                            1                   1  

International Quality Dividend Growth Fund

 

           

Securities Lending

    673,665             (673,665 )1                               

Foreign Currency Contracts

    2,375       (2,074           301       2,353       (2,074           279  

International SmallCap Dividend Fund

 

           

Securities Lending

    180,926,916             (180,926,916 )1                               

Japan Hedged Equity Fund

 

           

Securities Lending

    542,027,489             (542,027,489 )1                               

Foreign Currency Contracts

    3,380,797       (3,380,797                 34,651,583       (3,380,797           31,270,786  

 

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     Assets     Liabilities  

Fund

 

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

 
    Financial
Instruments
    Collateral
Received
        Financial
Instruments
    Collateral
Posted
   

Japan Hedged Financials Fund

 

           

Securities Lending

  $ 3,238,508     $     $ (3,238,508 )1    $     $     $     $     $  

Foreign Currency Contracts

    13,016       (8,585           4,431       47,904       (8,585           39,319  

Japan Hedged Quality Dividend Growth Fund

 

           

Securities Lending

    235,499             (235,499 )1                               

Foreign Currency Contracts

    4,387       (2,890           1,497       16,099       (2,890           13,209  

Japan Hedged SmallCap Equity Fund

 

           

Securities Lending

    35,254,827             (35,254,827 )1                               

Foreign Currency Contracts

    65,271       (43,051           22,220       239,968       (43,051           196,917  

Japan SmallCap Dividend Fund

               

Securities Lending

    113,412,308             (113,412,308 )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.

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 BNY Mellon Asset Management North America Corporation (‘‘BNY Mellon AMNA’’) to provide sub-advisory services to the Funds. BNY Mellon AMNA is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum

 

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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

 

Australia Dividend Fund

     0.58              

Europe Hedged Equity Fund

     0.58              

Europe Hedged SmallCap Equity Fund

     0.58              

Europe Quality Dividend Growth Fund

     0.58              

Europe SmallCap Dividend Fund

     0.58              

Germany Hedged Equity Fund

     0.48              

International Dividend ex-Financials Fund

     0.58              

International Equity Fund

     0.48              

International Hedged Quality Dividend Growth Fund

     0.58              

International High Dividend Fund

     0.58              

International LargeCap Dividend Fund

     0.48              

International MidCap Dividend Fund

     0.58              

International Quality Dividend Growth Fund

     0.48      (0.10 )%       July 31, 2018  

International SmallCap Dividend Fund

     0.58              

Japan Hedged Equity Fund

     0.48              

Japan Hedged Financials Fund

     0.48              

Japan Hedged Quality Dividend Growth Fund

     0.48      (0.05 )%       July 31, 2018  

Japan Hedged SmallCap Equity Fund

     0.58              

Japan SmallCap Dividend Fund

     0.58              
  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.

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 in “Expense waivers”.

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2018 are as follows:

 

Fund   Value at
3/31/2017
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2018
    Dividend
Income
 

Europe SmallCap Dividend Fund

             

International MidCap Dividend Fund

  $ 3,682,595     $ 14,626,031     $ 13,179,964     $ 266,108     $ (154,645   $ 5,240,125     $ 62,946  

International Dividend ex-Financials Fund

 

       

International LargeCap Dividend Fund

  $ 149,230     $ 5,689,892     $ 5,743,492     $ 27,379     $ 7,026     $ 130,035     $ 90,752  

International Equity Fund

             

International Dividend ex-Financials Fund

  $ 2,084,743     $ 10,562,892     $ 12,629,145     $ 5,050     $ (23,366   $ 174     $ 123,514  

International High Dividend Fund

             

International LargeCap Dividend Fund

  $     $ 8,497,155     $ 8,094,514     $ (132,490   $ (2,461   $ 267,690     $ 85,123  

International LargeCap Dividend Fund

 

         

International MidCap Dividend Fund

  $ 864,125     $ 8,770,174     $ 8,997,165     $ 126,788     $ (3,959   $ 759,963     $ 96,426  

International MidCap Dividend Fund

 

         

Australia Dividend Fund

  $     $ 1,694,469     $ 1,648,732     $ (823   $ (2,261   $ 42,653     $ 14,174  

Japan Hedged Equity Fund

          2,236,943       2,202,830       10,265       (466     43,912       26,992  

Total

  $     $ 3,931,412     $ 3,851,562     $ 9,442     $ (2,727   $ 86,565     $ 41,166  

 

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Fund   Value at
3/31/2017
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2018
    Dividend
Income
 

International SmallCap Dividend Fund

 

         

Europe SmallCap Dividend Fund

  $ 3,487,375     $ 20,188,471     $ 20,127,564     $ 407,586     $ (56,288   $ 3,899,580     $ 225,251  

Japan SmallCap Dividend Fund

    2,809,050       14,788,978       14,829,187       420,602       30,656       3,220,099       106,256  

Total

  $ 6,296,425     $ 34,977,449     $ 34,956,751     $ 828,188     $ (25,632   $ 7,119,679     $ 331,507  

Japan SmallCap Dividend Fund

             

Japan Hedged Equity Fund

  $ 134,092     $ 23,571,014     $ 23,679,007     $ 194,697     $ 24,192     $ 244,988     $ 105,991  

During the fiscal year ended March 31, 2018, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were effected in accordance with Rule 17a-7 under the 1940 Act. For the fiscal year ended March 31, 2018, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

Fund    Purchases      Sales      Net Realized
Gain/Loss
 

Australia Dividend Fund

   $ 1,100,919      $ 2,397,245      $ 317,856  

Europe Hedged Equity Fund

     40,136,466        13,224,941        (1,584,345

Europe Hedged SmallCap Equity Fund

     5,785,088        4,791,553        (838,654

Europe Quality Dividend Growth Fund

     2,089,153        954,378        (77,356

Europe SmallCap Dividend Fund

     26,543,323        27,745,073        1,210,499  

Germany Hedged Equity Fund

     2,004,826        2,246,810        64,442  

International Dividend ex-Financials Fund

     9,762,994        9,486,647        (639,494

International Equity Fund

     31,925,005        20,517,006        308,253  

International Hedged Quality Dividend Growth Fund

     37,140,291        40,230,665        (1,118,461

International High Dividend Fund

     9,317,692        10,468,775        181,641  

International LargeCap Dividend Fund

     10,927,089        8,732,393        (935,254

International MidCap Dividend Fund

     18,496,085        17,110,340        3,169,903  

International Quality Dividend Growth Fund

     1,155,370        464,722        (16,194

International SmallCap Dividend Fund

     24,965,369        50,510,501        (8,081,836

Japan Hedged Equity Fund

     19,619,691        35,981,224        4,486,110  

Japan Hedged Quality Dividend Growth Fund

     655,460        1,261,276        (28,720

Japan Hedged SmallCap Equity Fund

     4,389,763        4,196,687        (330,329

Japan SmallCap Dividend Fund

     11,654,580        13,776,501        (1,436,720

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2018, 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

 

Europe Hedged Equity Fund*

          $      $ 143  

Europe SmallCap Dividend Fund

     24        1,678        31  

International Equity Fund

     134        7,351        226  

International High Dividend Fund

     79        3,442        88  

International Quality Dividend Growth Fund

     439        13,521        97  

International SmallCap Dividend Fund

     275        21,018        442  

Japan Hedged Equity Fund

     117        6,553        127  

Japan SmallCap Dividend Fund

     27        2,196        22  
  * No shares were held in this Fund by WTAM at the end of the period.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      169  


Table of Contents

Notes to Financial Statements (continued)

 

At March 31, 2018, approximately 25% of the International Quality Dividend Growth Fund’s outstanding shares were held by an affiliated fund.

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2018, 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 fiscal year ended March 31, 2018 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

                      In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Australia Dividend Fund

   $ 10,321,603      $ 10,526,478      $      $ 2,880,743  

Europe Hedged Equity Fund

     1,693,363,882        2,653,118,795        283,808,830        3,473,092,201  

Europe Hedged SmallCap Equity Fund

     57,771,628        61,313,415        13,614,688        41,482,055  

Europe Quality Dividend Growth Fund

     7,765,235        7,466,234        56,131,548        3,832,889  

Europe SmallCap Dividend Fund

     425,678,585        353,858,385        303,563,350        75,381,342  

Germany Hedged Equity Fund

     22,736,121        38,548,137        1,649,329        37,413,219  

International Dividend ex-Financials Fund

     72,243,543        72,333,670        2,292,697        21,468,015  

International Equity Fund

     165,725,482        160,527,065        139,006,203        8,101,735  

International Hedged Quality Dividend Growth Fund

     221,837,273        215,242,298        68,966,371        84,573,946  

International High Dividend Fund

     82,771,355        81,766,466        64,690,855         

International LargeCap Dividend Fund

     63,743,574        62,977,729        51,844,270         

International MidCap Dividend Fund

     54,022,206        54,305,289        80,089,968         

International Quality Dividend Growth Fund

     5,936,399        6,237,930        16,072,906        2,282,525  

International SmallCap Dividend Fund

     464,383,077        465,139,304        429,856,812         

Japan Hedged Equity Fund

     1,524,835,354        2,000,368,993        1,138,694,205        3,777,865,383  

Japan Hedged Financials Fund

     9,099,679        10,993,520        60,567,669        53,644,403  

Japan Hedged Quality Dividend Growth Fund

     4,027,621        4,609,904                

Japan Hedged SmallCap Equity Fund

     50,381,472        50,941,138        99,076,892        38,906,555  

Japan SmallCap Dividend Fund

     150,539,476        118,588,342        548,585,017        72,626,432  

6. FEDERAL INCOME TAXES

At March 31, 2018, 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)
 

Australia Dividend Fund

   $ 33,508,537      $ 4,340,788      $ (2,644,040    $ 1,696,748  

Europe Hedged Equity Fund

     6,088,737,095        916,713,350        (459,483,709      457,229,641  

Europe Hedged SmallCap Equity Fund

     127,409,137        34,411,571        (3,898,124      30,513,447  

Europe Quality Dividend Growth Fund

     70,590,317        4,901,241        (2,617,187      2,284,054  

Europe SmallCap Dividend Fund

     1,167,201,812        198,446,203        (92,860,789      105,585,414  

Germany Hedged Equity Fund

     80,920,587        14,336,679        (4,541,409      9,795,270  

International Dividend ex-Financials Fund

     204,451,388        18,843,627        (24,981,220      (6,137,593

 

170   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation/
(Depreciation)
 

International Equity Fund

   $ 837,133,396      $ 142,197,722      $ (34,219,484    $ 107,978,238  

International Hedged Quality Dividend Growth Fund

     479,570,303        87,073,895        (18,703,487      68,370,408  

International High Dividend Fund

     328,580,647        36,325,304        (23,795,707      12,529,597  

International LargeCap Dividend Fund

     415,826,466        56,566,631        (19,829,294      36,737,337  

International MidCap Dividend Fund

     257,896,900        50,413,283        (8,417,427      41,995,856  

International Quality Dividend Growth Fund

     22,886,833        2,381,614        (417,603      1,964,011  

International SmallCap Dividend Fund

     1,670,445,881        448,312,048        (68,513,720      379,798,328  

Japan Hedged Equity Fund

     6,209,802,543        912,263,411        (189,072,782      723,190,629  

Japan Hedged Financials Fund

     45,157,882        201,180        (3,081,330      (2,880,150

Japan Hedged Quality Dividend Growth Fund

     11,614,565        2,488,823        (237,511      2,251,312  

Japan Hedged SmallCap Equity Fund

     195,539,429        34,181,936        (1,530,233      32,651,703  

Japan SmallCap Dividend Fund

     1,011,524,106        157,465,689        (7,457,422      150,008,267  

At March 31, 2018, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and
Other Losses
     Net Unrealized
Appreciation/
(Depreciation)
     Currency and
Other  Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

Australia Dividend Fund

   $ 63,187      $ (13,291,126    $ 1,696,748      $ (3,412    $ (11,534,603

Europe Hedged Equity Fund

     15,797,064        (2,285,576,202      457,229,641        1,337,932        (1,811,211,565

Europe Hedged SmallCap Equity Fund

            (32,949,712      30,513,447        14,182        (2,422,083

Europe Quality Dividend Growth Fund

     363,934        (2,447,671      2,284,054        754        201,071  

Europe SmallCap Dividend Fund

     6,826,673        (121,697,607      105,585,414        35,452        (9,250,068

Germany Hedged Equity Fund

            (37,280,552      9,795,270        52,993        (27,432,289

International Dividend ex-Financials Fund

     873,129        (23,779,901      (6,137,593      12,435        (29,031,930

International Equity Fund

     4,363,448        (45,682,764      107,978,238        25,940        66,684,956  

International Hedged Quality Dividend Growth Fund

            (50,516,071      68,370,408        31,840        17,886,177  

International High Dividend Fund

     1,498,688        (38,802,865      12,529,597        14,021        (24,760,559

International LargeCap Dividend Fund

     1,915,089        (44,998,926      36,737,337        22,138        (6,324,362

International MidCap Dividend Fund

     1,233,650        (12,548,293      41,995,856        2,782        30,683,995  

International Quality Dividend Growth Fund

     147,571        (258,958      1,964,011        (160      1,852,464  

International SmallCap Dividend Fund

     9,981,818        (41,485,464      379,798,328        (1,069      348,293,613  

Japan Hedged Equity Fund

     122,643,990        (2,030,729,603      723,190,629        (77,067      (1,184,972,051

Japan Hedged Financials Fund

     610,550        (8,336,601      (2,880,150      (3,094      (10,609,295

Japan Hedged Quality Dividend Growth Fund

     115,968        (2,919,900      2,251,312        (264      (552,884

Japan Hedged SmallCap Equity Fund

     2,960,010        (32,981,091      32,651,703        (2,866      2,627,756  

Japan SmallCap Dividend Fund

     9,220,961        (24,658,480      150,008,267        (18,366      134,552,382  

The tax character of distributions paid during the fiscal years or periods ended March 31, 2018 and March 31, 2017 was as follows:

 

      Year Ended
March 31, 2018
     Year Ended
March 31, 2017
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
 

Australia Dividend Fund

   $ 1,500,462      $      $ 1,434,229  

Europe Hedged Equity Fund

     205,511,362               315,544,643  

Europe Hedged SmallCap Equity Fund

     2,354,900        58,350        5,737,894  

Europe Quality Dividend Growth Fund

     538,884               368,213  

Europe SmallCap Dividend Fund

     28,824,886               33,816,718  

Germany Hedged Equity Fund

     2,509,207        845,543        6,533,500  

International Dividend ex-Financials Fund

     7,674,532               8,722,068  

International Equity Fund

     24,687,701               21,780,815  

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      171  


Table of Contents

Notes to Financial Statements (continued)

 

      Year Ended
March 31, 2018
     Year Ended
March 31, 2017
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
 

International Hedged Quality Dividend Growth Fund

   $ 2,883,500      $      $ 12,264,750  

International High Dividend Fund

     11,744,233               10,595,744  

International LargeCap Dividend Fund

     12,934,443               13,027,235  

International MidCap Dividend Fund

     6,153,904               4,427,444  

International Quality Dividend Growth Fund

     213,547               87,988 1 

International SmallCap Dividend Fund

     49,435,198               37,730,923  

Japan Hedged Equity Fund

     218,205,485               163,798,365  

Japan Hedged Financials Fund

     658,576               270,439  

Japan Hedged Quality Dividend Growth Fund

     316,270               251,560  

Japan Hedged SmallCap Equity Fund

     2,644,796               1,523,152  

Japan SmallCap Dividend Fund

     11,126,041               7,628,997  
  * Includes short-term capital gains if any.

 

  1 

For the period April 7, 2016 (commencement of operations) through March 31, 2017.

At March 31, 2018, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund    Capital Loss
Available
Through 2019
     Short-Term Post-
Effective No
Expiration
     Long-Term Post-
Effective No
Expiration
     Capital Loss
Available Total
 

Australia Dividend Fund

   $ 2,670,223      $ 5,021,774      $ 5,599,129      $ 13,291,126  

Europe Hedged Equity Fund

            1,301,514,697        984,061,505        2,285,576,202  

Europe Hedged SmallCap Equity Fund

            18,876,022        14,073,690        32,949,712  

Europe Quality Dividend Growth Fund

            1,552,577        895,094        2,447,671  

Europe SmallCap Dividend Fund

     2,102,724        78,866,156        40,728,727        121,697,607  

Germany Hedged Equity Fund

            19,722,930        17,457,458        37,180,388  

International Dividend ex-Financials Fund

            13,313,687        10,466,214        23,779,901  

International Equity Fund

     8,855,174        6,804,849        30,022,741        45,682,764  

International Hedged Quality Dividend Growth Fund

            27,285,281        21,437,379        48,722,660  

International High Dividend Fund

     7,637,372        6,048,014        25,117,479        38,802,865  

International LargeCap Dividend Fund

     8,092,071        10,000,578        26,906,277        44,998,926  

International MidCap Dividend Fund

     11,183,904        1,364,389               12,548,293  

International Quality Dividend Growth Fund

            203,666        55,292        258,958  

International SmallCap Dividend Fund

     6,365,431        35,120,033               41,485,464  

Japan Hedged Equity Fund

            1,191,771,942        838,957,661        2,030,729,603  

Japan Hedged Financials Fund

            4,105,800        4,230,801        8,336,601  

Japan Hedged Quality Dividend Growth Fund

            1,471,652        1,448,248        2,919,900  

Japan Hedged SmallCap Equity Fund

            16,858,204        16,122,887        32,981,091  

Japan SmallCap Dividend Fund

     3,661,232        18,243,731        2,753,517        24,658,480  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

 

172   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2018, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

Fund    Late Year
Ordinary Loss
     Short-Term
Post-October
Capital  Losses
     Long-Term
Post-October
Capital Losses
 

Australia Dividend Fund

   $      $      $  

Europe Hedged Equity Fund

                    

Europe Hedged SmallCap Equity Fund

                    

Europe Quality Dividend Growth Fund

                    

Europe SmallCap Dividend Fund

                    

Germany Hedged Equity Fund

     100,164                

International Dividend ex-Financials Fund

                    

International Equity Fund

                    

International Hedged Quality Dividend Growth Fund

     1,793,411                

International High Dividend Fund

                    

International LargeCap Dividend Fund

                    

International MidCap Dividend Fund

                    

International Quality Dividend Growth Fund

                    

International SmallCap Dividend Fund

                    

Japan Hedged Equity Fund

                    

Japan Hedged Financials Fund

                    

Japan Hedged Quality Dividend Growth Fund

                    

Japan Hedged SmallCap Equity Fund

                    

Japan SmallCap Dividend Fund

                    

During the fiscal year ended March 31, 2018, the amount of capital loss carryforwards used to offset realized gains and the amount of capital loss carryforwards that expired unused are shown in the following table:

 

Fund    Expired
Capital Loss
Carryforward
     Utilized
Capital Loss
Carryforward
 

Australia Dividend Fund

   $ 10,402,798      $  

Europe Hedged Equity Fund

             

Europe Hedged SmallCap Equity Fund

             

Europe Quality Dividend Growth Fund

             

Europe SmallCap Dividend Fund

     15,981,777         

Germany Hedged Equity Fund

             

International Dividend ex-Financials Fund

     106,422,557         

International Equity Fund

     187,173,747         

International Hedged Quality Dividend Growth Fund

             

International High Dividend Fund

     41,582,445         

International LargeCap Dividend Fund

     21,950,675         

International MidCap Dividend Fund

     49,400,362        4,153,781  

International Quality Dividend Growth Fund

             

International SmallCap Dividend Fund

     176,126,796        20,546,015  

Japan Hedged Equity Fund

             

Japan Hedged Financials Fund

             

Japan Hedged Quality Dividend Growth Fund

             

Japan Hedged SmallCap Equity Fund

             

Japan SmallCap Dividend Fund

     13,069,045         

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      173  


Table of Contents

Notes to Financial Statements (concluded)

 

At March 31, 2018, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated Net
Realized
Gain/(Loss)
     Paid-in Capital  

Australia Dividend Fund

   $ (22,778    $ 9,710,987      $ (9,688,209

Europe Hedged Equity Fund

     13,543,687        (442,755,975      429,212,288  

Europe Hedged SmallCap Equity Fund

     (852,516      (9,221,073      10,073,589  

Europe Quality Dividend Growth Fund

     7,865        (686,821      678,956  

Europe SmallCap Dividend Fund

     2,087,102        (16,079,079      13,991,977  

Germany Hedged Equity Fund

     (946,811      (4,057,828      5,004,639  

International Dividend ex-Financials Fund

     193,503        104,025,180        (104,218,683

International Equity Fund

     277,459        183,992,096        (184,269,555

International Hedged Quality Dividend Growth Fund

     (6,923,228      (11,155,804      18,079,032  

International High Dividend Fund

     70,389        41,512,054        (41,582,443

International LargeCap Dividend Fund

     192,213        21,758,462        (21,950,675

International MidCap Dividend Fund

     43,642        49,356,721        (49,400,363

International Quality Dividend Growth Fund

     2,622        (367,810      365,188  

International SmallCap Dividend Fund

     1,677,764        174,449,032        (176,126,796

Japan Hedged Equity Fund

     54,234,253        (776,786,805      722,552,552  

Japan Hedged Financials Fund

     91,329        (1,828,850      1,737,521  

Japan Hedged Quality Dividend Growth Fund

     47,204        (47,204       

Japan Hedged SmallCap Equity Fund

     984,502        (12,450,741      11,466,239  

Japan SmallCap Dividend Fund

     1,563,589        (8,335,601      6,772,012  

The differences are primarily due to redemptions-in-kind, foreign currency transactions, investments in passive foreign investment companies, expiration of capital loss carryforwards and foreign capital gains taxes.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2018, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2018, remains subject to examination by taxing authorities.

7. ADDITIONAL INFORMATION

The Board of Trustees, after careful consideration, approved the liquidation of the WisdomTree Global ex-U.S. Hedged Dividend Fund, the WisdomTree Global ex-U.S. Hedged Real Estate Fund, the WisdomTree Japan Hedged Capital Goods Fund, the WisdomTree Japan Hedged Health Care Fund, the WisdomTree Japan Hedged Real Estate Fund and the WisdomTree United Kingdom Hedged Equity Fund.

The last day of secondary market trading of shares of the Funds on their respective exchanges was March 16, 2018. Shareholders were able to sell Fund shares through a broker in the standard manner through this date. Customary brokerage charges may have applied to such transactions. Each Fund was closed to new investors after the close of business on March 16, 2018.

Beginning on or about this date, each Fund was in the process of liquidating its portfolio assets. This caused each Fund to increase its cash holdings and deviate from the investment objective and strategies stated in its prospectus.

Shareholders that remained in the Funds had their shares automatically redeemed and received cash in an amount equal to the net asset value of their shares as of the close of business on March 23, 2018 and were not charged any transaction fees by the Funds. This amount included any accrued capital gains and dividends.

Whether an investor sold their shares or were automatically redeemed, an investor generally would have recognized a capital gain (or loss) equal to the amount received above (or below) their adjusted cost basis in such shares.

 

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Report of Independent Registered Public Accounting Firm

 

To the Shareholders and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Trust (the “Trust”) (comprising WisdomTree Australia Dividend Fund, WisdomTree Europe Hedged Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund, WisdomTree Europe Quality Dividend Growth Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International Equity Fund, WisdomTree International Hedged Quality Dividend Growth Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International Quality Dividend Growth Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Japan Hedged Equity Fund, WisdomTree Japan Hedged Financials Fund, WisdomTree Japan Hedged Quality Dividend Growth Fund, WisdomTree Japan Hedged SmallCap Equity Fund and WisdomTree Japan SmallCap Dividend Fund (collectively referred to as the “Funds”)) including the schedules of investments, as of March 31, 2018, and the related statements of operations, and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds comprising WisdomTree Trust at March 31, 2018, the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

Funds comprising the WisdomTree Trust

 

Statement of
operations

 

Statements of changes in net assets

 

Financial highlights

WisdomTree Australia Dividend Fund

WisdomTree Europe Hedged Equity Fund

WisdomTree Europe SmallCap Dividend Fund

WisdomTree International Dividend ex-Financials Fund

WisdomTree International Equity Fund

WisdomTree International High Dividend Fund

WisdomTree International LargeCap Dividend Fund

WisdomTree International MidCap Dividend Fund

WisdomTree International SmallCap Dividend Fund

WisdomTree Japan Hedged Equity Fund

WisdomTree Japan SmallCap Dividend Fund

  For the year ended March 31, 2018   For each of the two years in the period ended March 31, 2018  

For each of the five years in the period ended March 31, 2018

WisdomTree Europe Hedged SmallCap Equity Fund  

For the year ended March 31, 2018

  For each of the two years in the period ended March 31, 2018   For each of the three years in the period ended March 31, 2018 and the period from March 4, 2015 (commencement of operations) through March 31, 2015

WisdomTree Europe Quality Dividend Growth Fund

WisdomTree International Hedged Quality Dividend Growth Fund

 

For the year ended March 31, 2018

  For each of the two years in the period ended March 31, 2018   For each of the three years in the period ended March 31, 2018 and the period from May 7, 2014 (commencement of operations) through March 31, 2015
WisdomTree Germany Hedged Equity Fund  

For the year ended March 31, 2018

  For each of the two years in the period ended March 31, 2018   For each of the four years in the period ended March 31, 2018 and the period from October 17, 2013 (commencement of operations) through March 31, 2014

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      175  


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Report of Independent Registered Public Accounting Firm (concluded)

 

Funds comprising the WisdomTree Trust

 

Statement of
operations

 

Statements of changes in net assets

 

Financial highlights

WisdomTree International Quality Dividend Growth Fund  

For the year ended March 31, 2018

  For the year ended March 31, 2018 and the period from April 7, 2016 (commencement of operations) through March 31, 2017
WisdomTree Japan Hedged Financials Fund  

For the year ended March 31, 2018

  For each of the two years in the period ended March 31, 2018   For each of the three years in the period ended March 31, 2018 and the period from April 8, 2014 (commencement of operations) through March 31, 2015
WisdomTree Japan Hedged Quality Dividend Growth Fund  

For the year ended March 31, 2018

  For each of the two years in the period ended March 31, 2018   For each of the two years in the period ended March 31, 2018 and the period from April 9, 2015 (commencement of operations) through March 31, 2016
WisdomTree Japan Hedged SmallCap Equity Fund  

For the year ended March 31, 2018

  For each of the two years in the period ended March 31, 2018   For each of the four years in the period ended March 31, 2018 and the period from June 28, 2013 (commencement of operations) through March 31, 2014

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2018, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, NY

May 24, 2018

 

176   WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds


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Trustees and Officers Information (unaudited)

 

The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
   

Other
Directorships
Held by Trustee

During the Past
5 Years

David G. Chrencik^
(1948)
  Trustee, 2014- present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     80     Trustee, Vericimetry Funds (2011 to 2014); Director, Bennett Group of Funds (2011 to 2013); Trustee, del Rey Global Investors Funds (2011 to 2012).
Joel Goldberg#
(1945)
  Trustee, 2012- present   Attorney, Of Counsel at Stroock & Stroock & Lavan LLP (“Stroock”) since 2015; Attorney, Partner at Stroock from 2010 to 2014; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     80     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro†
(1955)
  Trustee, 2006- present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     80     None
Melinda A. Raso Kirstein‡
(1955)
  Trustee, 2014- present   Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     80     Associate Alumnae of Douglass College, Member of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006- present; Chairman of the Board of Trustees, 2006-present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     80     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

* As of March 31, 2018.

 

^ Chair of the Audit Committee.

 

# Chair of the Contracts Review Committee.

 

Chair of the Governance, Nominating and Compliance Committee.

 

Chair of the Investment Committee.

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      177  


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Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length

of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
   

Other
Directorships
Held by Trustee

During the Past
5 Years

Jonathan Steinberg**

(1964)

  Trustee, 2005-
present President, 2005-present
  President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2012; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2005.     80     Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano**
(1971)
  Treasurer, 2013- present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011.     80     None
Terry Jane Feld**
(1960)
  Chief Compliance Officer, 2012- present   Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011.     80     None
Ryan Louvar**
(1972)
  Secretary and Chief Legal Officer, 2013-
present
  General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.     80     None

Joanne Antico**
(1975)

 

Assistant Secretary, 2018-present

 

Senior Investment Management Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.

    80     None
Clint Martin**
(1977)
  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.     80     None

 

* As of March 31, 2018.

 

** Elected by and serves at the pleasure of the Board.

 

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Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2018, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2019.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2018, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Australia Dividend Fund

   $ 1,500,462  

Europe Hedged Equity Fund

     130,139,863  

Europe Hedged SmallCap Equity Fund

     2,354,900  

Europe Quality Dividend Growth Fund

     538,884  

Europe SmallCap Dividend Fund

     28,824,886  

Germany Hedged Equity Fund

     2,509,207  

International Dividend ex-Financials Fund

     6,407,362  

International Equity Fund

     21,880,579  

International Hedged Quality Dividend Growth Fund

     2,883,500  

International High Dividend Fund

     9,656,283  

International LargeCap Dividend Fund

     10,819,711  

International MidCap Dividend Fund

     6,153,904  

International Quality Dividend Growth Fund

     213,547  

International SmallCap Dividend Fund

     48,363,880  

Japan Hedged Equity Fund

     187,158,749  

Japan Hedged Financials Fund

     658,576  

Japan Hedged Quality Dividend Growth Fund

     316,270  

Japan Hedged SmallCap Equity Fund

     2,644,796  

Japan SmallCap Dividend Fund

     11,126,041  

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year ended March 31, 2018. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Australia Dividend Fund

   $ 1,516,779      $ 11,901  

Europe Hedged Equity Fund

     132,212,938        14,884,404  

Europe Hedged SmallCap Equity Fund

     4,065,964        539,200  

Europe Quality Dividend Growth Fund

     1,055,483        98,020  

Europe SmallCap Dividend Fund

     31,186,674        2,624,527  

Germany Hedged Equity Fund

     4,140,765        432,430  

International Dividend ex-Financials Fund

     6,723,291        444,436  

International Equity Fund

     24,547,605        1,655,604  

International Hedged Quality Dividend Growth Fund

     11,647,279        988,192  

International High Dividend Fund

     11,058,629        693,051  

International LargeCap Dividend Fund

     12,118,254        810,912  

International MidCap Dividend Fund

     7,142,436        460,080  

International Quality Dividend Growth Fund

     380,558        36,424  

International SmallCap Dividend Fund

     52,462,622        4,514,128  

Japan Hedged Equity Fund

     193,026,245        19,300,695  

Japan Hedged Financials Fund

     868,835        86,884  

Japan Hedged Quality Dividend Growth Fund

     328,201        32,744  

Japan Hedged SmallCap Equity Fund

     3,521,242        352,095  

Japan SmallCap Dividend Fund

     17,275,126        1,718,254  

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds      179  


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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.

 

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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 March 31, 2018:

 

 

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 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 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 Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

  

 

 

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 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 Russell 2000 PutWrite Strategy Fund (RPUT)

 

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)


Table of Contents

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. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

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 size aggregations of shares.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Developed World ex-U.S. and Currency Hedged Equity Funds

WisdomTree Australia Dividend Fund (AUSE)

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree Germany Hedged Equity Fund (DXGE)

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 Equity Fund (DXJ)

WisdomTree Japan Hedged Financials Fund (DXJF)

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-0798


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Annual Report

March 31, 2018

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

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-U.S. Quality Dividend Growth Fund (DNL)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

WisdomTree Global High Dividend Fund (DEW)

WisdomTree India Earnings Fund (EPI)

WisdomTree Middle East Dividend Fund (GULF)


Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1  

Performance Summaries (unaudited)

       4  

Description of Indexes (unaudited)

       16  

Shareholder Expense Examples (unaudited)

       19  
Schedules of Investments     

WisdomTree Asia Pacific ex-Japan Fund

       21  

WisdomTree China ex-State-Owned Enterprises Fund

       24  

WisdomTree Emerging Markets Consumer Growth Fund

       27  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       31  

WisdomTree Emerging Markets High Dividend Fund

       38  

WisdomTree Emerging Markets Quality Dividend Growth Fund

       43  

WisdomTree Emerging Markets SmallCap Dividend Fund

       47  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

       56  

WisdomTree Global ex-U.S. Real Estate Fund

       60  

WisdomTree Global High Dividend Fund

       64  

WisdomTree India Earnings Fund (consolidated)

       72  

WisdomTree Middle East Dividend Fund

       76  

Statements of Assets and Liabilities

       78  

Statements of Operations

       81  

Statements of Changes in Net Assets

       84  

Financial Highlights

       88  

Notes to Financial Statements

       94  

Report of Independent Registered Public Accounting Firm

       110  

Trustees and Officers Information (unaudited)

       112  

Supplemental Information (unaudited)

       114  

General Information (unaudited)

       115  

 

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


Table of Contents

Management’s Discussion of Funds’ Performance (unaudited)

 

Market Environment Overview

The emerging markets, as measured by the MSCI Emerging Markets Index, a broad measure of equity performance for emerging markets, returned 24.93% in the 12-month period that ended March 31, 2018. (the “period”). The global ex-U.S. equity markets, as measured by the MSCI ACWI ex-USA Index, a broad measure of equity performance for both developed and emerging markets excluding the U.S., returned 16.53% over the period. The MSCI ACWI ex-USA Index outperformed the S&P 500 Index by 2.54% and the MSCI Emerging Markets Index outperformed the S&P 500 Index by 10.94%. In local currency terms, the MSCI Emerging Markets Index and the MSCI ACWI ex-USA Index returned 22.01% and 8.93%, respectively. It is important to note the variations in the returns of these international exposures in both U.S. dollar and local currency terms. Particularly within the emerging markets, volatility in commodities prices combined with geopolitical risk led to mixed performance between emerging market currencies relative to the U.S. dollar over the period. On average, returns from foreign currency boosted returns experienced by U.S. investors holding emerging market securities.

Within the MSCI Emerging Markets Index, in U.S. dollar terms, all eleven sectors were positive. The Information Technology and Healthcare sectors led in performance, while the Utilities and Telecommunications sectors lagged. Within the MSCI ACWI ex-USA Index, in local currency terms, all but one of the eleven sectors were positive, with the Materials and Energy sectors leading and the Telecommunication Services and Real Estate sectors lagging. It is particularly important to note the effects of the U.S. dollar, which depreciated against most global currencies during the period.

Emerging markets were the best performing region among global asset classes for the period, as they have been one of the largest benefactors from the rebound in global growth. Much of the strong performance in emerging markets has been in the energy space, as oil has rallied strongly off the lows in mid-2017.

In Brazil, economic growth rebounded through the end of 2017 and has continued to be one of the main focal points for Brazilian markets, along with higher oil prices. Brazilian equities rallied strongly from mid 2017 through 2018, despite bouts of volatility from geopolitical risk.

Asian markets have also undergone many noteworthy changes, particularly in China. China has been the best performing country within emerging markets, led by large tech technology companies like Alibaba and Tencent. Liberalization of financial markets, as well as the rise of their technology sector, have driven these and other companies to record highs. The “hard landing” fears of a China slowdown seemed to have subsided, as China has been moving towards sustainable growth levels, backed by strong economic data. In June 2017, MSCI announced that it would include mainland China listed A-shares in their emerging market indexes for the first time beginning in May 2018. In early March 2018, the National People’s Congress removed the two-term limit on the presidency, allowing President Xi to serve indefinitely. While no definitive steps have been taken, concerns remain about U.S.-China relations as they relate to North Korea, trade, and intellectual property rights.

In Russia, volatility continues to be a concern as geopolitical tension is juxtaposed against a rebound in energy prices. Employment and consumer confidence remain strong due to the rebound in oil and natural gas. However, concerns over hacking, election meddling, and supporting controversial regimes has led the U.S. to impose even harsher economic sanctions.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      1  


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (continued)

 

WisdomTree Funds’ Performance Overview

The following table reflects the WisdomTree Funds’ performance versus capitalization-weighted benchmark indexes:

 

Ticker   WisdomTree Fund   1-Year
NAV
Return
  Performance Benchmark   1-Year
Return
       Difference

AXJL

  WisdomTree Asia Pacific ex-Japan Fund   11.75%   MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex-Japan Spliced Index     20.71%        -8.96%

CXSE

  WisdomTree China ex-State-Owned Enterprises Fund   53.95%   FTSE China 50 Index     25.22%        28.73%

EMCG

  WisdomTree Emerging Markets Consumer Growth Fund   19.05%   MSCI Emerging Markets Index     24.93%        -5.88%

XSOE

  WisdomTree Emerging Markets ex-State-Owned Enterprises Fund   30.30%   MSCI Emerging Markets Index     24.93%        5.37%

DEM

  WisdomTree Emerging Markets High Dividend Fund   20.98%   MSCI Emerging Markets Index     24.93%        -3.95%

DGRE

  WisdomTree Emerging Markets Quality Dividend Growth Fund   19.44%   MSCI Emerging Markets Index     24.93%        -5.49%

DGS

  WisdomTree Emerging Markets SmallCap Dividend Fund   23.55%   MSCI Emerging Markets Small Cap Index     18.62%        4.93%

DNL

  WisdomTree Global ex-U.S. Quality Dividend Growth Fund   20.18%   MSCI Japan Value/MSCI AC World ex-USA Growth Spliced Index     19.92%        0.26%

DRW

  WisdomTree Global ex-U.S. Real Estate Fund   21.90%   Dow Jones Global ex-U.S. Select Real Estate Securities Index     10.09%        11.81%

DEW

  WisdomTree Global High Dividend Fund   7.02%   MSCI Europe Value/MSCI AC World Spliced Index     14.85%        -7.83%

EPI

  WisdomTree India Earnings Fund   8.46%   MSCI India Index     10.23%        -1.77%

GULF

  WisdomTree Middle East Dividend Fund   9.49%   MSCI Arabian Markets ex-Saudi Arabia Index     1.43%        8.06%

WisdomTree’s emerging market and global ex-U.S. fundamental-weighted funds are designed to track indexes based on the dividend or earnings stream generated by the companies included in the index. The dividend stream is defined as the sum of all dividends paid over the prior twelve months for each company. The earnings stream is defined as the total dollar level of earnings for all companies within each index. There are two primary factors that drive performance differentials versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors or countries. The second is stock selection within each sector or country. Both are determined as part of WisdomTree’s rules based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the index rebalancing dates based on the dividend stream or earnings stream.

While the overall emerging markets performed in line or above both the broad U.S. and developed international markets, there was a noticeable difference in performance between the different sectors and countries. Most notably, the WisdomTree China ex-State-Owned Enterprises Fund (CXSE) was the best performing fund over the full period, outperforming the FTSE China 50 Index by 28.73% and the MSCI Emerging Markets Index by 29.02% based on NAV. CXSE’s strategy aims to screen out companies in which the state owns 20% or more which has led to overweights in Information Technology and Consumer Cyclical sectors and underweights in Financials and Energy sectors.

Among the WisdomTree global and global-ex U.S. funds, the WisdomTree Global ex-U.S. Real Estate Fund (DRW) was one of the best performing. DRW returned 21.90% over the period based on NAV, and it outperformed its benchmark, the Dow Jones Global ex-U.S. Select Real Estate Securities Index by 11.81%. The main reason for this outperformance is attributed to its largest country exposures in Hong Kong and China. One of the worst performing funds over the period was the WisdomTree Global High Dividend Fund (DEW) which trailed its benchmark by 7.83% based on NAV. This was in large part due to the largest country weight being the U.S., which had marginally positive performance during the period.

 

2   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (concluded)

 

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 16-18 for the list of index descriptions.

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

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      3  


Table of Contents

Performance Summary (unaudited)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    21.5%  

Information Technology

    17.0%  

Telecommunication Services

    14.9%  

Materials

    10.6%  

Energy

    9.6%  

Consumer Staples

    6.5%  

Industrials

    5.6%  

Utilities

    5.3%  

Consumer Discretionary

    3.5%  

Real Estate

    3.4%  

Health Care

    1.5%  

Investment Company

    0.2%  

Other Assets less Liabilities

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

China Mobile Ltd.

    7.2%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    5.0%  

Samsung Electronics Co., Ltd.

    3.9%  

CNOOC Ltd.

    3.0%  

BHP Billiton Ltd.

    2.4%  

China Construction Bank Corp., Class H

    2.3%  

Telstra Corp., Ltd.

    2.2%  

Hon Hai Precision Industry Co., Ltd.

    2.0%  

Singapore Telecommunications Ltd.

    2.0%  

Commonwealth Bank of Australia

    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 Asia Pacific ex-Japan Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Asia Pacific ex-Japan Index.

The Fund returned 11.75% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its investment in China. The Fund’s investment in Australia detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       11.75      4.45      3.59      3.88      6.97

Fund Market Price Returns

       12.78      4.79      3.70      3.94      7.07

WisdomTree Pacific ex-Japan Dividend/Asia Pacific ex-Japan Spliced Index2

       12.26      4.95      3.96      4.61      7.80

MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex-Japan Spliced Index3

       20.71      8.05      6.56      5.28      7.62
1

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2

WisdomTree Pacific ex-Japan Dividend Index through June 17, 2011; WisdomTree Asia Pacific ex-Japan Index thereafter.

3

MSCI Pacific ex-Japan Index through June 17, 2011; MSCI AC Asia Pacific ex-Japan Index thereafter.

 

LOGO

 

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    33.5%  

Consumer Discretionary

    22.4%  

Financials

    16.0%  

Real Estate

    8.1%  

Health Care

    7.0%  

Industrials

    5.5%  

Consumer Staples

    4.0%  

Materials

    2.2%  

Utilities

    0.8%  

Telecommunication Services

    0.3%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    9.9%  

Alibaba Group Holding Ltd., ADR

    9.0%  

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

    5.9%  

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

    5.2%  

Baidu, Inc., ADR

    4.8%  

JD.com, Inc., ADR

    3.7%  

China Minsheng Banking Corp., Ltd., Class A

    2.5%  

Ctrip.com International Ltd., ADR

    2.3%  

Midea Group Co., Ltd., Class A

    2.3%  

Country Garden Holdings Co., Ltd.

    1.9%  

 

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

 

The WisdomTree China ex-State-Owned Enterprises Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index.

The Fund returned 53.95% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed to performance while its position in Telecommunication Services detracted from performance.

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 August 1, 2017, the Fund’s net and gross annual expense ratios were 0.32% and 0.63%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/18

 

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

Fund NAV Returns

       53.95      18.22      13.17      12.58

Fund Market Price Returns

       55.06      18.41      13.38      12.60

WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index2

       54.43      19.56      14.07      13.44

MSCI China Index

       38.91      10.50      11.33      11.72

FTSE China 50 Index

       25.22      5.18      8.43      8.75
1

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 19, 2012.

2

WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter.

 

LOGO

 

Performance is historical and does not guarantee future results. 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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds      5  


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    35.1%  

Consumer Staples

    23.0%  

Information Technology

    13.3%  

Real Estate

    8.1%  

Financials

    7.9%  

Telecommunication Services

    5.6%  

Industrials

    4.8%  

Health Care

    1.0%  

Utilities

    0.7%  

Other Assets less Liabilities

    0.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

KT&G Corp.

    5.1%  

America Movil S.A.B. de C.V., Series L

    4.1%  

Wal-Mart de Mexico S.A.B. de C.V.

    3.9%  

AU Optronics Corp.

    3.7%  

LG Display Co., Ltd.

    3.5%  

Woolworths Holdings Ltd.

    2.4%  

Shoprite Holdings Ltd.

    2.3%  

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

    2.0%  

Truworths International Ltd.

    1.8%  

Foschini Group Ltd. (The)

    1.6%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Emerging Markets Consumer Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Consumer Growth Index.

The Fund returned 19.05% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in China contributed to performance while its position in Russia detracted from performance.

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 August 1, 2017, the Fund’s net and gross annual expenses ratios were 0.32% and 0.63%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       19.05      4.23      3.38

Fund Market Price Returns

       20.76      4.81      3.63

WisdomTree Emerging Markets Consumer Growth Index

       19.39      4.70      4.03

MSCI Emerging Markets Index

       24.93      8.81      5.92
1

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 27, 2013.

 

LOGO

 

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    33.2%  

Financials

    17.9%  

Consumer Discretionary

    12.8%  

Consumer Staples

    8.2%  

Materials

    6.1%  

Energy

    5.5%  

Industrials

    5.1%  

Health Care

    4.1%  

Telecommunication Services

    2.9%  

Real Estate

    2.7%  

Utilities

    1.1%  

Other Assets less Liabilities

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    7.3%  

Alibaba Group Holding Ltd., ADR

    5.4%  

Samsung Electronics Co., Ltd.

    4.4%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.2%  

Naspers Ltd., Class N

    2.3%  

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

    1.7%  

Lukoil PJSC, ADR

    1.6%  

Baidu, Inc., ADR

    1.6%  

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

    1.2%  

Reliance Industries Ltd., GDR

    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 Emerging Markets ex-State-Owned Enterprises Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index.

The Fund returned 30.30% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in China contributed to performance while its position in the Netherlands detracted from performance.

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 August 1, 2017, the Fund’s net and gross annual expense ratios were 0.32% and 0.58%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       30.30      10.32      10.16

Fund Market Price Returns

       31.52      10.77      10.77

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       31.15      11.93      11.71

MSCI Emerging Markets Index

       24.93      8.81      8.68
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 10, 2014.

 

LOGO

 

Performance is historical and does not guarantee future results. 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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds      7  


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    22.5%  

Energy

    18.4%  

Materials

    13.2%  

Telecommunication Services

    11.7%  

Information Technology

    11.6%  

Consumer Discretionary

    5.9%  

Utilities

    5.4%  

Industrials

    3.2%  

Investment Company

    3.1%  

Real Estate

    2.7%  

Consumer Staples

    1.4%  

Health Care

    0.7%  

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 3/31/18

 

Description   % of Net Assets  

Lukoil PJSC, ADR

    4.1%  

Gazprom PJSC, ADR

    4.0%  

Hon Hai Precision Industry Co., Ltd.

    3.3%  

China Construction Bank Corp., Class H

    3.1%  

China Mobile Ltd.

    2.7%  

Industrial & Commercial Bank of China Ltd., Class H

    2.5%  

MTN Group Ltd.

    2.0%  

China Petroleum & Chemical Corp., Class H

    1.9%  

Tatneft PJSC, ADR

    1.7%  

Bank of China Ltd., Class H

    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 Emerging Markets High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets High Dividend Index.

The Fund returned 20.98% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited most significantly from its investment in China. The Fund was impacted most negatively by its investment in South Korea.

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 August 1, 2017, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     20.98     7.78     1.24     3.35     3.43

Fund Market Price Returns

     21.68     8.31     1.36     3.39     3.25

WisdomTree Emerging Markets High Dividend Index

     21.58     8.61     2.22     4.37     4.43

MSCI Emerging Markets Index

     24.93     8.81     4.99     3.02     2.57
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 13, 2007.

 

LOGO

 

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    20.5%  

Consumer Discretionary

    20.3%  

Consumer Staples

    16.2%  

Materials

    10.0%  

Industrials

    9.2%  

Telecommunication Services

    7.6%  

Health Care

    6.6%  

Financials

    3.2%  

Energy

    3.0%  

Real Estate

    2.0%  

Utilities

    1.2%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 3/31/18

 

Description   % of Net Assets  

MMC Norilsk Nickel PJSC, ADR

    6.0%  

Telekomunikasi Indonesia Persero Tbk PT

    3.9%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.8%  

America Movil S.A.B. de C.V., Series L

    3.7%  

Samsung Electronics Co., Ltd.

    2.9%  

Tencent Holdings Ltd.

    2.6%  

RMB Holdings Ltd.

    2.5%  

Novatek PJSC, GDR Reg S

    2.4%  

ITC Ltd.

    1.9%  

Tata Consultancy Services Ltd.

    1.9%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Emerging Markets Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Quality Dividend Growth Index.

The Fund returned 19.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in China contributed to performance while its position in Indonesia detracted from performance.

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 August 1, 2017, the Fund’s net and gross annual expense ratios were 0.32% and 0.63%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       19.44      6.55      3.84

Fund Market Price Returns

       18.82      6.70      3.52

WisdomTree Emerging Markets Quality Dividend Growth Index

       19.81      7.30      4.68

MSCI Emerging Markets Index

       24.93      8.81      6.87
1

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 2013.

 

LOGO

 

Performance is historical and does not guarantee future results. 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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds      9  


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    17.3%  

Consumer Discretionary

    15.7%  

Industrials

    14.9%  

Financials

    11.8%  

Real Estate

    11.2%  

Materials

    11.1%  

Consumer Staples

    6.7%  

Health Care

    3.7%  

Utilities

    3.7%  

Energy

    2.6%  

Telecommunication Services

    1.0%  

Investment Company

    0.0%

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).

 

* Represents less than 0.1%.

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Truworths International Ltd.

    1.5%  

Foschini Group Ltd. (The)

    1.3%  

Moneta Money Bank AS

    1.1%  

Guangzhou R&F Properties Co., Ltd., Class H

    1.0%  

Hyprop Investments Ltd.

    1.0%  

AVI Ltd.

    0.9%  

SPAR Group Ltd. (The)

    0.8%  

Sinopec Shanghai Petrochemical Co., Ltd., Class H

    0.8%  

AirAsia Bhd

    0.7%  

Coronation Fund Managers Ltd.

    0.7%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Emerging Markets SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index.

The Fund returned 23.55% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in China contributed positively to performance while its position in the Philippines detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       23.55      9.72      4.09      5.52      3.71

Fund Market Price Returns

       24.22      10.32      4.15      5.53      3.83

WisdomTree Emerging Markets SmallCap Dividend Index

       24.10      10.65      5.02      6.59      4.81

MSCI Emerging Markets Small Cap Index

       18.62      7.23      4.58      4.36      1.95
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 30, 2007.

 

LOGO

 

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    20.1%  

Information Technology

    18.3%  

Consumer Staples

    18.3%  

Industrials

    15.0%  

Materials

    9.3%  

Health Care

    7.9%  

Financials

    5.1%  

Energy

    1.9%  

Telecommunication Services

    1.9%  

Real Estate

    1.4%  

Utilities

    0.3%  

Investment Company

    0.0%

Other Assets less Liabilities

    0.5%  

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Unilever N.V., CVA

    6.3%  

British American Tobacco PLC

    6.1%  

Industria de Diseno Textil S.A.

    5.4%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.9%  

Samsung Electronics Co., Ltd.

    2.6%  

Atlas Copco AB, Class A

    2.2%  

Pandora A/S

    2.1%  

ASML Holding N.V.

    2.1%  

CSL Ltd.

    2.1%  

Marine Harvest ASA

    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 Global ex-U.S. Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Quality Dividend Growth Index.

The Fund returned 20.18% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Taiwan. The Fund’s position in Spain contributed negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       20.18      7.34      4.91      4.39      3.83

Fund Market Price Returns

       20.89      7.48      4.97      4.43      3.92

WisdomTree Japan Equity Income/Global ex-U.S. Quality Dividend Growth Spliced Index2

       21.08      8.09      5.59      5.07      4.46

MSCI Japan Value/MSCI AC World ex-USA Growth Spliced Index3

       19.92      7.28      6.84      6.20      5.28
1

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2

WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree Global ex-U.S. Quality Dividend Growth Index thereafter.

3

MSCI Japan Value Index through June 19, 2009; MSCI AC World ex-USA Growth Index thereafter.

 

LOGO

 

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds      11  


Table of Contents

Performance Summary (unaudited)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

 

Industry Breakdown

as of 3/31/18

 

Industry   % of Net Assets  

Equity Real Estate Investment Trusts (REITs)

    51.4%  

Real Estate Management & Development

    48.0%  

Investment Company

    0.1%  

Capital Markets

    0.1%  

Energy Equipment & Services

    0.1%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

 

The Fund’s industry 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).

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Sun Hung Kai Properties Ltd.

    3.6%  

China Overseas Land & Investment Ltd.

    3.0%  

Unibail-Rodamco SE

    3.0%  

Scentre Group

    2.3%  

Henderson Land Development Co., Ltd.

    2.0%  

Vonovia SE

    1.9%  

Klepierre S.A.

    1.9%  

Link REIT

    1.8%  

Daiwa House Industry Co., Ltd.

    1.6%  

Westfield Corp.

    1.5%  

 

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

 

The WisdomTree Global ex-U.S. Real Estate Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Real Estate Index.

The Fund returned 21.90% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited most from its position in China, which had positive performance. The Fund’s position in Taiwan contributed negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       21.90      8.60      6.91      3.67      1.75

Fund Market Price Returns

       22.06      8.73      6.80      3.51      1.66

WisdomTree International Real Estate/Global ex-U.S. Real Estate Spliced Index2

       22.25      8.84      7.14      3.73      1.92

Dow Jones Global ex-U.S. Select Real Estate Securities Index

       10.09      2.31      3.26      2.67      0.12
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 5, 2007.

2 

WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate Index thereafter.

 

LOGO

 

Performance is historical and does not guarantee future results. 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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Global High Dividend Fund (DEW)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    19.1%  

Energy

    13.5%  

Consumer Staples

    10.7%  

Telecommunication Services

    10.5%  

Utilities

    8.4%  

Information Technology

    7.6%  

Consumer Discretionary

    7.5%  

Health Care

    6.8%  

Real Estate

    6.0%  

Industrials

    5.0%  

Materials

    4.1%  

Investment Company

    0.3%  

Other Assets less Liabilities

    0.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

AT&T, Inc.

    2.8%  

Exxon Mobil Corp.

    2.7%  

Verizon Communications, Inc.

    2.2%  

Chevron Corp.

    1.9%  

Pfizer, Inc.

    1.8%  

Cisco Systems, Inc.

    1.6%  

Intel Corp.

    1.5%  

Procter & Gamble Co. (The)

    1.5%  

Wells Fargo & Co.

    1.4%  

Philip Morris International, Inc.

    1.4%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree Global High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global High Dividend Index.

The Fund returned 7.02% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited most from its investment in the United States of America, which had positive performance. The Fund’s position in Australia was a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     7.02     5.35     5.06     2.24     3.67

Fund Market Price Returns

     6.94     5.42     4.90     2.21     3.61

WisdomTree Europe Equity Income/Global High Dividend Spliced Index2

     6.92     5.21     5.07     2.34     3.88

MSCI Europe Value/MSCI AC World Spliced Index3

     14.85     8.12     9.20     4.27     5.40
1

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2

WisdomTree Europe Equity Income Index through June 19, 2009; WisdomTree Global High Dividend Index thereafter.

3

MSCI Europe Value Index through June 19, 2009; MSCI AC World Index thereafter.

 

LOGO

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds      13  


Table of Contents

Performance Summary (unaudited)

WisdomTree India Earnings Fund (EPI) (consolidated)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    23.2%  

Information Technology

    19.1%  

Energy

    18.6%  

Consumer Discretionary

    9.6%  

Materials

    8.0%  

Industrials

    5.6%  

Health Care

    5.5%  

Utilities

    5.2%  

Consumer Staples

    4.3%  

Telecommunication Services

    1.4%  

Real Estate

    0.4%  

Other Assets less Liabilities

    -0.9%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Reliance Industries Ltd.

    9.1%  

Infosys Ltd.

    8.6%  

Housing Development Finance Corp., Ltd.

    6.5%  

Tata Consultancy Services Ltd.

    4.0%  

ICICI Bank Ltd.

    2.8%  

Oil & Natural Gas Corp., Ltd.

    2.6%  

HCL Technologies Ltd.

    2.1%  

Indian Oil Corp., Ltd.

    1.9%  

Sun Pharmaceutical Industries Ltd.

    1.8%  

Maruti Suzuki India Ltd.

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

 

The WisdomTree India Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index.

The Fund returned 8.46% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Energy contributed to performance while its position in Health Care detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.83%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       8.46      5.69      8.72      2.27      1.24

Fund Market Price Returns

       9.52      5.93      9.00      2.27      1.29

WisdomTree India Earnings Index

       10.58      7.26      10.11      3.68      2.65

MSCI India Index

       10.23      4.27      7.87      2.96      1.73
1

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 22, 2008.

 

LOGO

 

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree Middle East Dividend Fund (GULF)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    49.3%  

Telecommunication Services

    16.9%  

Materials

    10.5%  

Industrials

    8.0%  

Real Estate

    7.8%  

Consumer Staples

    1.8%  

Utilities

    1.6%  

Energy

    1.4%  

Consumer Discretionary

    1.3%  

Health Care

    0.3%  

Other Assets less Liabilities

    1.1%  

Total

    100.0%  

 

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Emirates Telecommunications Group Co. PJSC

    5.4%  

Saudi Basic Industries Corp.

    5.4%  

Al Rajhi Bank

    4.5%  

Mobile Telecommunications Co. KSC

    4.4%  

National Bank of Kuwait SAKP

    4.1%  

National Commercial Bank

    3.1%  

Qatar National Bank QPSC

    3.1%  

Arab Bank PLC

    3.1%  

Masraf Al Rayan QSC

    2.9%  

Ahli United Bank BSC

    2.6%  

 

* 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 Middle East Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Middle East Dividend Index.

The Fund returned 9.49% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Saudi Arabia contributed positively to performance while its position in Qatar detracted from performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.88%.

Performance as of 3/31/18

 

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

Fund NAV Returns

       9.49      1.08      6.87      1.02

Fund Market Price Returns

       9.78      1.07      6.46      0.77

WisdomTree Middle East Dividend Index

       10.79      2.82      8.36      2.43

MSCI Arabian Markets ex-Saudi Arabia Index

       1.43      -1.10      3.55      -3.38
1

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 16, 2008.

 

LOGO

 

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds      15  


Table of Contents

Description of Indexes (unaudited)

 

 

Below are descriptions of each Index referenced in this report:

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.

The FTSE China 50 Index is a capitalization weighted index that is comprised of the 50 largest and most liquid Chinese securities.

The MSCI AC Asia Pacific ex-Japan Index is comprised of large- and mid-capitalization segments of emerging market and developed market countries in the Asia Pacific region, excluding Japan.

The MSCI AC World ex-USA Growth Index is comprised of growth stocks in the

developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.

The MSCI ACWI ex-USA Index is comprised of large- and mid-capitalization segments of the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI Arabian Markets ex-Saudi Arabia Index is a free float-adjusted market capitalization index that aims to represent the universe of companies in the Gulf Cooperation Council (GCC) countries, excluding Saudi Arabia, plus Jordan, Egypt, Morocco, Tunisia and Lebanon.

The MSCI China Index is a free float-adjusted market capitalization weighted index designed to measure the performance of the Chinese equity market.

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

The MSCI Emerging Markets Small Cap Index is a free float-adjusted market

capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.

The MSCI Europe Value Index is comprised of value stocks in the MSCI Europe Index.

The MSCI India Index is a free float-adjusted market capitalization index that is designed to measure the performance of the Indian equity market.

The MSCI Japan Value Index is comprised of value stocks in the MSCI Japan Index.

The MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index that is comprised of stocks in Australia, Hong Kong, Singapore and New Zealand.

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 WisdomTree Asia Pacific ex-Japan Index is comprised of dividend-paying companies incorporated in emerging market and developed countries in the Pacific region, excluding Japan.

The WisdomTree China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the Financials sector.

The WisdomTree China ex-State-Owned Enterprises Index measures the performance of Chinese stocks that are not state-owned enterprises. WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

The WisdomTree Emerging Markets Consumer Growth Index consists of stocks that best exemplify growth trends in emerging market consumers and their local economies.

The WisdomTree Emerging Markets ex-State-Owned Enterprises Index is a modified market capitalization weighted index that consists of common stocks in emerging markets, excluding common stocks of “state-owned enterprises.” WisdomTree Investments, Inc., as index provider, defines state-owned enterprises as companies with over 20% government ownership.

 

16   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Description of Indexes (unaudited) (continued)

 

The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets Quality Dividend Growth Index consists of dividend paying stocks with growth characteristics selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets SmallCap Dividend Index is comprised of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Europe Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Europe Dividend Index.

The WisdomTree Global ex-U.S. Quality Dividend Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.

The WisdomTree Global ex-U.S. Real Estate Index is comprised of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.

The WisdomTree Global High Dividend Index is comprised of high dividend-paying companies selected from the WisdomTree Global Dividend Index.

The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.

The WisdomTree International Real Estate Index is comprised of companies in developed markets outside of the U.S. and Canada that pay regular cash dividends and that WisdomTree Investments classifies as being part of the International Real Estate sector.

The WisdomTree Japan Equity Income Index is comprised of companies with high dividend yields selected from the WisdomTree Japan Dividend Index.

The WisdomTree Middle East Dividend Index is comprised of companies in the Middle East region that pay regular cash dividends on shares of common stock and that meet specified requirements as of the index measurement date.

The WisdomTree Pacific ex-Japan Dividend Index is comprised of dividend-paying companies incorporated in the Pacific region, excluding Japan.

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

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

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      17  


Table of Contents

Description of Indexes (unaudited) (concluded )

 

 

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.

 

18   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


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 October 1, 2017 to March 31, 2018.

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 10/1/17 to 3/31/18” 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.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      19  


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

 

 

      Beginning
Account Value
10/1/17
     Ending
Account Value
3/31/18
     Annualized
Expense Ratio
Based on the
Period
10/1/17  to
3/31/18
    Expenses Paid
During the
Period†
10/1/17  to
3/31/18
 

WisdomTree Asia Pacific ex-Japan Fund

          

Actual

   $ 1,000.00      $ 1,047.20        0.49   $ 2.50  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.49        0.49   $ 2.47  

WisdomTree China ex-State-Owned Enterprises Fund

          

Actual

   $ 1,000.00      $ 1,118.40        0.32 %1    $ 1.69  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  

WisdomTree Emerging Markets Consumer Growth Fund

          

Actual

   $ 1,000.00      $ 1,056.20        0.32 %1    $ 1.64  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

          

Actual

   $ 1,000.00      $ 1,091.80        0.32 %1    $ 1.67  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  

WisdomTree Emerging Markets High Dividend Fund

          

Actual

   $ 1,000.00      $ 1,114.20        0.63   $ 3.32  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.79        0.63   $ 3.18  

WisdomTree Emerging Markets Quality Dividend Growth Fund

          

Actual

   $ 1,000.00      $ 1,060.70        0.32 %1    $ 1.64  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  

WisdomTree Emerging Markets SmallCap Dividend Fund

          

Actual

   $ 1,000.00      $ 1,101.10        0.63   $ 3.30  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.79        0.63   $ 3.18  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

          

Actual

   $ 1,000.00      $ 1,051.70        0.58   $ 2.97  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Global ex-U.S. Real Estate Fund

          

Actual

   $ 1,000.00      $ 1,049.20        0.58   $ 2.96  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree Global High Dividend Fund

          

Actual

   $ 1,000.00      $ 1,000.80        0.58   $ 2.89  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

WisdomTree India Earnings Fund (consolidated)

          

Actual

   $ 1,000.00      $ 1,036.50        0.83   $ 4.21  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.79        0.83   $ 4.18  

WisdomTree Middle East Dividend Fund

          

Actual

   $ 1,000.00      $ 1,072.90        0.88   $ 4.55  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.54        0.88   $ 4.43  
Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period).

 

1 

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

 

20   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 20.7%      

AGL Energy Ltd.

     11,341      $ 188,597  

Amcor Ltd.

     17,253        187,525  

AMP Ltd.

     25,058        95,911  

Aristocrat Leisure Ltd.

     2,700        49,829  

Aurizon Holdings Ltd.

     37,771        122,553  

Australia & New Zealand Banking Group Ltd.

     25,367        522,635  

BHP Billiton Ltd.

     50,585        1,094,583  

Brambles Ltd.

     18,093        138,505  

Caltex Australia Ltd.

     4,146        99,858  

CIMIC Group Ltd.

     3,893        132,793  

Cochlear Ltd.

     300        41,793  

Commonwealth Bank of Australia

     14,996        831,759  

CSL Ltd.

     2,414        287,859  

Fortescue Metals Group Ltd.

     114,057        378,821  

Insurance Australia Group Ltd.

     15,347        88,054  

Macquarie Group Ltd.

     2,589        204,348  

Medibank Pvt Ltd.

     13,000        28,918  

National Australia Bank Ltd.

     25,921        566,458  

Newcrest Mining Ltd.

     2,600        39,009  

Qantas Airways Ltd.

     13,000        58,135  

QBE Insurance Group Ltd.

     11,422        84,371  

Ramsay Health Care Ltd.

     1,715        81,981  

REA Group Ltd.

     1,320        80,201  

Rio Tinto Ltd.

     7,479        417,063  

Sonic Healthcare Ltd.

     6,147        107,880  

South32 Ltd.

     82,102        202,784  

Suncorp Group Ltd.

     10,064        102,979  

Telstra Corp., Ltd.

     408,909        984,872  

Treasury Wine Estates Ltd.

     5,817        75,228  

Wesfarmers Ltd.

     22,717        724,186  

Westpac Banking Corp.

     29,604        649,896  

Woodside Petroleum Ltd.

     14,203        318,553  

Woolworths Group Ltd.

     15,960        321,845  
     

 

 

 
Total Australia               9,309,782  
China – 25.8%      

AAC Technologies Holdings, Inc.

     4,900        88,407  

Agricultural Bank of China Ltd. Class H

     256,900        145,990  

ANTA Sports Products Ltd.

     17,000        85,777  

Bank of China Ltd. Class H

     696,055        374,266  

Bank of Communications Co., Ltd. Class H

     243,955        191,166  

Beijing Enterprises Holdings Ltd.

     11,900        62,166  

Beijing Enterprises Water Group Ltd.*

     48,500        27,067  

China CITIC Bank Corp., Ltd. Class H

     90,800        62,012  

China Construction Bank Corp. Class H

     1,030,400        1,058,194  

China Gas Holdings Ltd.

     8,900        32,376  

China Life Insurance Co., Ltd. Class H

     26,396        72,647  

China Merchants Bank Co., Ltd. Class H

     29,204        119,632  

China Minsheng Banking Corp., Ltd. Class H

     59,000        57,359  

China Mobile Ltd.

     355,134        3,255,723  

China Overseas Land & Investment Ltd.

     61,565        213,759  

China Pacific Insurance Group Co., Ltd. Class H

     20,200        90,469  

China Petroleum & Chemical Corp. Class H

     651,161      571,652  

China Resources Beer Holdings Co., Ltd.

     10,300        44,621  

China Resources Land Ltd.

     26,300        95,672  

China Resources Pharmaceutical Group Ltd.(a)

     47,000        65,874  

China Resources Power Holdings Co., Ltd.

     140,418        256,207  

China Shenhua Energy Co., Ltd. Class H

     44,036        109,413  

China State Construction International Holdings Ltd.

     35,700        43,577  

China Telecom Corp., Ltd. Class H

     143,038        63,060  

CITIC Ltd.

     400,400        560,171  

CNOOC Ltd.

     928,061        1,366,969  

Country Garden Holdings Co., Ltd.

     41,000        84,421  

CSPC Pharmaceutical Group Ltd.

     35,300        93,779  

Dali Foods Group Co., Ltd.(a)

     79,500        65,437  

ENN Energy Holdings Ltd.

     4,900        43,766  

Fosun International Ltd.

     51,500        111,553  

Geely Automobile Holdings Ltd.

     10,800        31,100  

Guangdong Investment Ltd.

     121,500        191,036  

Hengan International Group Co., Ltd.

     13,600        125,979  

Industrial & Commercial Bank of China Ltd. Class H

     648,270        555,898  

PetroChina Co., Ltd. Class H

     241,419        165,800  

PICC Property & Casualty Co., Ltd. Class H

     19,000        33,263  

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

     22,646        230,260  

Shenzhou International Group Holdings Ltd.

     11,000        115,840  

Sun Art Retail Group Ltd.

     137,425        159,868  

Tencent Holdings Ltd.

     5,400        281,824  

Want Want China Holdings Ltd.

     98,800        79,183  

WH Group Ltd.(a)

     112,000        119,302  
     

 

 

 
Total China               11,602,535  
Hong Kong – 8.4%      

AIA Group Ltd.

     32,925        278,560  

Bank of East Asia Ltd. (The)

     11,000        43,869  

BOC Hong Kong Holdings Ltd.

     64,389        313,400  

Chow Tai Fook Jewellery Group Ltd.

     29,400        33,490  

CLP Holdings Ltd.

     40,104        408,281  

Galaxy Entertainment Group Ltd.

     22,000        199,725  

Hang Lung Properties Ltd.

     41,000        95,496  

Hang Seng Bank Ltd.

     11,703        270,793  

Henderson Land Development Co., Ltd.

     20,476        133,319  

Hong Kong & China Gas Co., Ltd.

     130,314        267,658  

Hong Kong Exchanges & Clearing Ltd.

     5,835        189,734  

MTR Corp., Ltd.

     62,265        334,797  

New World Development Co., Ltd.

     79,806        112,668  

Power Assets Holdings Ltd.

     41,079        366,127  

Sino Land Co., Ltd.

     38,924        62,986  

Sun Hung Kai Properties Ltd.

     15,534        245,431  

Swire Pacific Ltd. Class A

     9,500        95,807  

Swire Properties Ltd.

     34,600        121,236  

Techtronic Industries Co., Ltd.

     11,000        64,122  

Wharf Holdings Ltd. (The)

     19,350        66,445  

Wheelock & Co., Ltd.

     9,000        65,766  
     

 

 

 
Total Hong Kong               3,769,710  
India – 5.7%      

Ambuja Cements Ltd.

     10,157        36,277  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      21  


Table of Contents

Schedule of Investments (continued)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Asian Paints Ltd.

     2,045      $ 35,130  

Axis Bank Ltd. GDR Reg S

     1,484        58,915  

Bharat Petroleum Corp., Ltd.

     8,468        55,498  

Bharti Airtel Ltd.

     6,651        40,657  

Bharti Infratel Ltd.

     12,579        64,832  

Coal India Ltd.

     44,382        192,780  

HCL Technologies Ltd.

     6,584        97,778  

Hero MotoCorp Ltd.

     1,109        60,240  

Hindustan Petroleum Corp., Ltd.

     13,276        70,195  

Hindustan Unilever Ltd.

     6,625        135,437  

Indian Oil Corp., Ltd.

     45,268        122,572  

IndusInd Bank Ltd.

     1,199        33,030  

Infosys Ltd.

     440        7,635  

Infosys Ltd. ADR

     25,460        454,461  

ITC Ltd.

     24,464        95,835  

Larsen & Toubro Ltd. GDR Reg S

     3,160        63,516  

Maruti Suzuki India Ltd.

     545        74,044  

NTPC Ltd.

     26,335        68,521  

Oil & Natural Gas Corp., Ltd.

     52,551        143,259  

Power Grid Corp. of India Ltd.

     16,721        49,544  

Reliance Industries Ltd. GDR(a)

     4,776        129,430  

Tata Consultancy Services Ltd.

     4,024        175,785  

Tech Mahindra Ltd.

     6,101        59,746  

Vedanta Ltd. ADR

     10,000        175,700  

Wipro Ltd.

     8,192        35,313  

Yes Bank Ltd.

     7,399        34,583  
     

 

 

 
Total India               2,570,713  
Indonesia – 1.5%      

Astra International Tbk PT

     235,261        124,743  

Bank Central Asia Tbk PT

     37,575        63,592  

Bank Mandiri Persero Tbk PT

     108,648        60,568  

Bank Rakyat Indonesia Persero Tbk PT

     369,500        96,619  

Gudang Garam Tbk PT

     10,900        57,380  

Hanjaya Mandala Sampoerna Tbk PT

     162,600        47,005  

Telekomunikasi Indonesia Persero Tbk PT

     770,800        201,553  

Unilever Indonesia Tbk PT

     35        126  
     

 

 

 
Total Indonesia               651,586  
Malaysia – 2.0%      

Axiata Group Bhd

     29,700        41,847  

DiGi.Com Bhd

     62,800        75,334  

Genting Malaysia Bhd

     30,040        38,055  

Malayan Banking Bhd

     61,794        169,342  

MISC Bhd

     42,200        76,916  

Petronas Chemicals Group Bhd

     61,308        130,921  

Petronas Gas Bhd

     14,600        67,338  

Public Bank Bhd

     18,190        112,865  

Sime Darby Bhd

     32,000        21,841  

Tenaga Nasional Bhd

     44,100        185,156  
     

 

 

 
Total Malaysia               919,615  
Philippines – 0.4%      

PLDT, Inc.

     2,265        63,812  

SM Investments Corp.

     3,764        66,151  

Universal Robina Corp.

     16,660      48,533  
     

 

 

 
Total Philippines               178,496  
Singapore – 5.7%      

CapitaLand Ltd.

     43,900        119,517  

DBS Group Holdings Ltd.

     15,617        327,513  

Jardine Cycle & Carriage Ltd.

     4,578        120,446  

Keppel Corp., Ltd.

     30,584        181,223  

Oversea-Chinese Banking Corp., Ltd.

     29,101        284,508  

Singapore Airlines Ltd.

     14,757        121,990  

Singapore Technologies Engineering Ltd.

     53,425        146,264  

Singapore Telecommunications Ltd.

     344,077        884,267  

United Overseas Bank Ltd.

     11,398        239,034  

Wilmar International Ltd.

     61,100        148,172  
     

 

 

 
Total Singapore               2,572,934  
South Korea – 10.0%      

Hana Financial Group, Inc.

     1,184        50,819  

Hyundai Motor Co.

     2,007        270,198  

Kangwon Land, Inc.

     2,467        65,268  

KB Financial Group, Inc.

     1,456        82,915  

Kia Motors Corp.

     4,352        126,571  

Korea Electric Power Corp.

     7,185        221,435  

Korea Zinc Co., Ltd.

     92        41,344  

KT&G Corp.

     1,943        182,287  

LG Chem Ltd.

     360        130,200  

LG Corp.

     1,356        109,533  

LG Display Co., Ltd.

     2,438        59,812  

LG Household & Health Care Ltd.

     61        69,132  

NCSoft Corp.

     94        37,039  

POSCO

     1,195        364,924  

S-Oil Corp.

     1,208        135,998  

Samsung Electronics Co., Ltd.

     766        1,768,577  

Samsung Life Insurance Co., Ltd.

     444        48,320  

Shinhan Financial Group Co., Ltd.

     2,723        116,748  

SK Holdings Co., Ltd.

     302        83,865  

SK Hynix, Inc.

     2,054        156,666  

SK Innovation Co., Ltd.

     1,039        205,675  

SK Telecom Co., Ltd.

     443        97,045  

SK Telecom Co., Ltd. ADR

     3,377        81,622  
     

 

 

 
Total South Korea               4,505,993  
Taiwan – 16.6%      

Advanced Semiconductor Engineering, Inc.

     119,053        171,493  

Catcher Technology Co., Ltd.

     10,000        122,098  

Cathay Financial Holding Co., Ltd.

     81,614        146,954  

Cheng Shin Rubber Industry Co., Ltd.(b)

     57,948        93,509  

China Steel Corp.

     190,078        152,873  

Chunghwa Telecom Co., Ltd.

     96,436        373,745  

CTBC Financial Holding Co., Ltd.

     139,389        101,350  

Delta Electronics, Inc.

     32,415        145,082  

Far EasTone Telecommunications Co., Ltd.

     46,000        123,373  

First Financial Holding Co., Ltd.

     97,619        67,965  

Formosa Chemicals & Fibre Corp.

     98,685        367,230  

Formosa Petrochemical Corp.

     52,511        213,415  

Formosa Plastics Corp.

     107,444        383,242  

 

See Notes to Financial Statements.

 

22   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Fubon Financial Holding Co., Ltd.

     65,803      $ 113,294  

Hon Hai Precision Industry Co., Ltd.

     301,532        915,238  

Largan Precision Co., Ltd.

     1,000        114,895  

MediaTek, Inc.

     21,000        245,241  

Mega Financial Holding Co., Ltd.

     137,827        119,122  

Nan Ya Plastics Corp.

     153,537        429,695  

Pegatron Corp.

     56,000        140,206  

President Chain Store Corp.

     11,000        110,917  

Quanta Computer, Inc.

     74,000        149,995  

Taiwan Mobile Co., Ltd.

     46,100        173,921  

Taiwan Semiconductor Manufacturing Co., Ltd.

     267,241        2,268,483  

Uni-President Enterprises Corp.

     71,346        168,840  

United Microelectronics Corp.

     143,000        76,019  
     

 

 

 
Total Taiwan               7,488,195  
Thailand – 2.6%      

Advanced Info Service PCL NVDR

     28,800        191,570  

Airports of Thailand PCL NVDR

     30,440        65,708  

Charoen Pokphand Foods PCL NVDR

     68,900        55,636  

CP ALL PCL

     37,500        105,532  

Kasikornbank PCL NVDR

     6,600        44,746  

PTT Exploration & Production PCL

     21,913        80,238  

PTT Global Chemical PCL

     44,594        134,766  

PTT PCL

     13,000        229,485  

PTT PCL NVDR

     6,800        120,038  

Siam Cement PCL (The) NVDR

     5,871        93,876  

Siam Commercial Bank PCL (The)

     14,900      67,901  
     

 

 

 
Total Thailand               1,189,496  
TOTAL COMMON STOCKS
(Cost: $39,990,801)
              44,759,055  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
WisdomTree Global ex-U.S. Real Estate Fund(c)
(Cost: $109,795)
     3,454        111,132  
TOTAL INVESTMENTS IN SECURITIES – 99.6%
(Cost: $40,100,596)
        44,870,187  

Other Assets less Liabilities – 0.4%

        180,744  
     

 

 

 
NET ASSETS – 100.0%             $ 45,050,931  

 

* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2). At March 31, 2018, the total market value of the Fund’s securities on loan was $32,274 and the total market value of the collateral held by the Fund was $35,066. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $35,066.

 

(c) 

Affiliated company (See Note 3).

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
 

Morgan Stanley & Co. International

    4/4/2018        19,970       USD        26,000       AUD      $ 27     $  

 

CURRENCY LEGEND

AUD – Australian dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      23  


Table of Contents

Schedule of Investments

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%  
China – 99.8%  
Air Freight & Logistics – 0.4%  

ZTO Express Cayman, Inc. ADR(a)

     63,146      $ 946,558  
Auto Components – 1.7%  

China First Capital Group Ltd.*

     656,000        308,442  

Fuyao Glass Industry Group Co., Ltd. Class A

     261,367        1,028,854  

Fuyao Glass Industry Group Co., Ltd. Class H(b)

     141,600        545,799  

Minth Group Ltd.

     140,000        637,746  

Xinyi Glass Holdings Ltd.*

     788,000        1,186,827  
     

 

 

 
Total Auto Components               3,707,668  
Automobiles – 3.0%  

BYD Co., Ltd. Class A

     98,500        881,295  

BYD Co., Ltd. Class H(a)

     172,500        1,345,192  

Geely Automobile Holdings Ltd.

     1,264,000        3,639,983  

Great Wall Motor Co., Ltd. Class H(a)

     609,000        610,711  
     

 

 

 
Total Automobiles               6,477,181  
Banks – 4.3%  

China Minsheng Banking Corp., Ltd. Class A

     4,176,930        5,303,722  

China Minsheng Banking Corp., Ltd. Class H

     2,111,000        2,052,374  

Ping An Bank Co., Ltd. Class A

     1,062,900        1,841,178  
     

 

 

 
Total Banks               9,197,274  
Biotechnology – 0.5%  

3SBio, Inc.*(a)(b)

     287,000        646,559  

China Biologic Products Holdings, Inc.*

     4,570        370,170  
     

 

 

 
Total Biotechnology               1,016,729  
Capital Markets – 0.6%  

Anxin Trust Co., Ltd. Class A

     208,000        387,737  

Pacific Securities Co., Ltd. (The) Class A

     1,057,900        484,188  

Sinolink Securities Co., Ltd. Class A

     316,600        424,146  
     

 

 

 
Total Capital Markets               1,296,071  
Chemicals – 1.3%  

Huabao International Holdings Ltd.

     295,000        195,465  

Kangde Xin Composite Material Group Co., Ltd. Class A

     341,800        1,073,879  

Tianqi Lithium Corp. Class A

     89,620        838,875  

Zhejiang Longsheng Group Co., Ltd. Class A

     375,800        666,496  
     

 

 

 
Total Chemicals               2,774,715  
Commercial Services & Supplies – 0.3%  

Beijing Originwater Technology Co., Ltd. Class A

     206,900        595,793  
Communications Equipment – 1.2%  

BYD Electronic International Co., Ltd.(a)

     71,000        133,171  

Hengtong Optic-electric Co., Ltd. Class A

     69,600        417,323  

Shenzhen Sunway Communication Co., Ltd. Class A

     58,900        349,235  

ZTE Corp. Class A*

     217,200        1,040,696  

ZTE Corp. Class H*

     214,600        698,658  
     

 

 

 
Total Communications Equipment               2,639,083  
Construction & Engineering – 0.2%  

Beijing Orient Landscape & Environment Co., Ltd. Class A

     157,700        519,276  
Diversified Consumer Services – 2.7%  

New Oriental Education & Technology Group, Inc. ADR

     34,989      3,066,786  

TAL Education Group ADR

     74,825        2,775,259  
     

 

 

 
Total Diversified Consumer Services               5,842,045  
Diversified Telecommunication Services – 0.3%  

Dr Peng Telecom & Media Group Co., Ltd. Class A

     239,692        572,899  
Electrical Equipment – 1.3%  

China High Speed Transmission Equipment Group Co., Ltd.(a)

     115,000        180,824  

Fangda Carbon New Material Co., Ltd. Class A

     135,800        571,903  

Jiangsu Zhongtian Technology Co., Ltd. Class A

     335,600        654,933  

Luxshare Precision Industry Co., Ltd. Class A

     147,735        567,697  

TBEA Co., Ltd. Class A

     569,775        798,636  
     

 

 

 
Total Electrical Equipment               2,773,993  
Electronic Equipment, Instruments & Components – 2.8%  

AAC Technologies Holdings, Inc.

     109,500        1,975,701  

Chaozhou Three-Circle Group Co., Ltd. Class A

     120,938        463,764  

GoerTek, Inc. Class A

     168,400        359,146  

Kingboard Laminates Holdings Ltd.

     168,500        244,335  

O-film Tech Co., Ltd. Class A

     148,500        478,126  

Sunny Optical Technology Group Co., Ltd.

     113,700        2,099,291  

Zhejiang Dahua Technology Co., Ltd. Class A

     117,800        479,624  
     

 

 

 
Total Electronic Equipment, Instruments & Components               6,099,987  
Food & Staples Retailing – 0.6%  

Sun Art Retail Group Ltd.

     447,000        520,022  

Yonghui Superstores Co., Ltd. Class A

     515,546        806,194  
     

 

 

 
Total Food & Staples Retailing               1,326,216  
Food Products – 2.6%  

Dali Foods Group Co., Ltd.(b)

     585,500        481,951  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     138,700        564,278  

Tingyi Cayman Islands Holding Corp.

     534,000        1,107,744  

Uni-President China Holdings Ltd.

     432,000        373,764  

Want Want China Holdings Ltd.

     1,512,000        1,211,843  

WH Group Ltd.(b)

     1,873,500        1,995,739  
     

 

 

 
Total Food Products               5,735,319  
Gas Utilities – 0.8%  

ENN Energy Holdings Ltd.

     202,000        1,804,318  
Health Care Equipment & Supplies – 0.2%  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     548,000        365,196  
Hotels, Restaurants & Leisure – 2.6%  

China Lodging Group Ltd. ADR

     7,721        1,016,933  

MGM China Holdings Ltd.

     250,000        645,073  

Yum China Holdings, Inc.

     93,391        3,875,726  
     

 

 

 
Total Hotels, Restaurants & Leisure               5,537,732  
Household Durables – 2.5%  

Midea Group Co., Ltd. Class A

     563,800        4,885,819  

Skyworth Digital Holdings Ltd.

     646,000        290,570  

 

See Notes to Financial Statements.

 

24   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Suofeiya Home Collection Co., Ltd. Class A

     59,500      $ 324,047  
     

 

 

 
Total Household Durables               5,500,436  
Industrial Conglomerates – 0.6%  

Fosun International Ltd.

     564,000        1,221,720  
Insurance – 11.1%  

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

     1,235,494        12,823,220  

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

     1,096,000        11,144,414  
     

 

 

 
Total Insurance               23,967,634  
Internet & Catalog Retail – 6.7%  

Ctrip.com International Ltd. ADR*

     105,886        4,936,405  

JD.com, Inc. ADR*

     197,766        8,007,545  

Vipshop Holdings Ltd. ADR*

     96,006        1,595,620  
     

 

 

 
Total Internet & Catalog Retail               14,539,570  
Internet Software & Services – 27.5%  

58.com, Inc. ADR*

     16,045        1,281,354  

Alibaba Group Holding Ltd. ADR*

     105,700        19,400,178  

Autohome, Inc. ADR

     10,946        940,699  

Baidu, Inc. ADR*

     46,074        10,283,256  

Bitauto Holdings Ltd. ADR*(a)

     460        9,729  

East Money Information Co., Ltd. Class A

     187,400        504,201  

Momo, Inc. ADR*

     9,144        341,803  

NetEase, Inc. ADR

     13,033        3,654,323  

Sohu.com, Inc.*

     270        8,348  

Tencent Holdings Ltd.

     407,800        21,283,887  

Weibo Corp. ADR*

     8,834        1,056,016  

YY, Inc. ADR*

     6,520        685,904  
     

 

 

 
Total Internet Software & Services               59,449,698  
IT Services – 0.2%  

Chinasoft International Ltd.*(a)

     394,000        353,437  
Machinery – 2.4%  

China Conch Venture Holdings Ltd.

     547,863        1,671,942  

Haitian International Holdings Ltd.

     165,000        500,386  

Han’s Laser Technology Industry Group Co., Ltd. Class A

     127,800        1,110,951  

Sany Heavy Industry Co., Ltd. Class A

     420,400        525,124  

Shenzhen Inovance Technology Co., Ltd. Class A

     128,600        722,653  

Zhengzhou Yutong Bus Co., Ltd. Class A

     178,300        633,578  
     

 

 

 
Total Machinery               5,164,634  
Marine – 0.2%  

SITC International Holdings Co., Ltd.

     347,000        344,880  
Media – 0.4%  

Alibaba Pictures Group Ltd.*(a)

     4,390,000        570,570  

China Media Group Class A

     274,900        366,970  
     

 

 

 
Total Media               937,540  
Metals & Mining – 0.6%  

GEM Co., Ltd. Class A

     455,912        537,603  

Jiangxi Ganfeng Lithium Co., Ltd. Class A

     64,600        794,398  
     

 

 

 
Total Metals & Mining               1,332,001  
Multiline Retail – 0.1%  

Nanjing Xinjiekou Department Store Co., Ltd. Class A

     52,700      278,722  
Paper & Forest Products – 0.3%  

Nine Dragons Paper Holdings Ltd.

     419,000        626,795  
Personal Products – 0.8%  

Hengan International Group Co., Ltd.

     183,500        1,699,864  
Pharmaceuticals – 6.3%  

China Medical System Holdings Ltd.

     366,000        831,060  

CSPC Pharmaceutical Group Ltd.

     1,222,000        3,246,542  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     177,520        2,454,671  

Kangmei Pharmaceutical Co., Ltd. Class A

     405,751        1,448,903  

Luye Pharma Group Ltd.(a)

     322,607        308,715  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A

     138,600        979,947  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     99,000        608,031  

Sihuan Pharmaceutical Holdings Group Ltd.

     1,130,000        334,049  

Sino Biopharmaceutical Ltd.

     1,216,000        2,386,152  

Tasly Pharmaceutical Group Co., Ltd. Class A

     60,800        439,828  

Tonghua Dongbao Pharmaceutical Co., Ltd. Class A

     157,823        670,669  
     

 

 

 
Total Pharmaceuticals               13,708,567  
Professional Services – 0.2%  

51job, Inc. ADR*

     4,166        358,443  
Real Estate Management & Development – 8.1%  

Agile Group Holdings Ltd.

     378,000        781,244  

China Evergrande Group*(a)

     986,000        3,103,256  

China Fortune Land Development Co., Ltd. Class A

     153,600        800,892  

CIFI Holdings Group Co., Ltd.

     980,000        855,383  

Country Garden Holdings Co., Ltd.

     1,954,000        4,023,553  

Guangzhou R&F Properties Co., Ltd. Class H

     335,200        836,297  

KWG Property Holding Ltd.

     354,000        482,648  

Logan Property Holdings Co., Ltd.(a)

     324,000        492,939  

Longfor Properties Co., Ltd.

     434,500        1,328,755  

Red Star Macalline Group Corp., Ltd. Class H(b)

     234,800        274,952  

Shimao Property Holdings Ltd.

     235,500        666,174  

SOHO China Ltd.

     894,500        468,453  

Sunac China Holdings Ltd.(a)

     576,000        2,223,867  

Zall Group Ltd.*(a)

     786,000        1,115,710  

Zhongtian Financial Group Co., Ltd. Class A

     49,100        57,352  
     

 

 

 
Total Real Estate Management & Development               17,511,475  
Semiconductors & Semiconductor Equipment – 0.8%  

GCL-Poly Energy Holdings Ltd.*

     1,358,000        167,848  

Hanergy Thin Film Power Group Ltd.*

     502,000        0  

LONGi Green Energy Technology Co., Ltd. Class A

     98,537        536,649  

Sanan Optoelectronics Co., Ltd. Class A

     188,140        697,546  

Xinyi Solar Holdings Ltd.

     596,000        240,740  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               1,642,783  
Software – 0.8%  

Hundsun Technologies, Inc. Class A

     32,500        308,757  

Iflytek Co., Ltd. Class A

     83,400        806,233  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      25  


Table of Contents

Schedule of Investments (concluded)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Kingsoft Corp., Ltd.

     188,000      $ 596,487  
     

 

 

 
Total Software               1,711,477  
Specialty Retail – 0.8%  

GOME Retail Holdings Ltd.(a)

     4,489,000        486,197  

Suning.com Co., Ltd. Class A

     375,600        839,840  

Zhongsheng Group Holdings Ltd.

     136,000        371,715  
     

 

 

 
Total Specialty Retail               1,697,752  
Technology Hardware, Storage & Peripherals – 0.2%  

Meitu, Inc.*(b)

     314,500        360,267  
Textiles, Apparel & Luxury Goods – 1.8%  

ANTA Sports Products Ltd.

     296,000        1,493,587  

Li Ning Co., Ltd.*

     462,500        473,818  

Shenzhou International Group Holdings Ltd.

     183,000        1,927,249  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               3,894,654  
TOTAL COMMON STOCKS
(Cost: $200,660,917)
              215,530,402  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6%  
United States – 1.6%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $3,452,217)(d)      3,452,217        3,452,217  
TOTAL INVESTMENTS IN SECURITIES – 101.4%
(Cost: $204,113,134)
        218,982,619  

Other Assets less Liabilities – (1.4)%

        (3,055,043
     

 

 

 
NET ASSETS – 100.0%             $ 215,927,576  

 

* 

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 $1,776,923, which represents 0.82% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $9,973,550 and the total market value of the collateral held by the Fund was $10,474,782. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,022,565.

 

ADR – American 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
 

JP Morgan Chase Bank N.A.

    4/4/2018        30,091,603       HKD        3,834,327       USD     $     $  

JP Morgan Chase Bank N.A.

    4/4/2018        3,049,153       USD        23,929,600       HKD              
                                              $     $  

 

CURRENCY LEGEND

HKD – Hong Kong dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

26   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%  
Brazil – 5.2%  

AES Tiete Energia S.A.

     14,425      $ 52,690  

CCR S.A.

     108,982        409,879  

Cia Hering

     17,268        107,237  

Engie Brasil Energia S.A.

     20,598        242,694  

Estacio Participacoes S.A.

     41,016        431,559  

Grendene S.A.

     18,733        154,211  

Guararapes Confeccoes S.A.

     1,939        87,814  

M. Dias Branco S.A.

     17,288        265,333  

MRV Engenharia e Participacoes S.A.

     67,719        331,097  

Multiplus S.A.

     8,963        83,195  

Natura Cosmeticos S.A.

     22,157        213,330  

Ser Educacional S.A.(a)

     5,456        32,848  

Smiles Fidelidade S.A.

     8,247        172,453  

Wiz Solucoes e Corretagem de Seguros S.A.

     6,165        20,590  
     

 

 

 
Total Brazil               2,604,930  
China – 23.1%  

ANTA Sports Products Ltd.

     30,289        152,829  

BAIC Motor Corp., Ltd. Class H(a)

     233,787        286,563  

Beijing Capital International Airport Co., Ltd. Class H

     60,000        80,578  

Brilliance China Automotive Holdings Ltd.

     88,000        183,663  

BYD Co., Ltd. Class H(b)

     35,052        273,331  

China Cinda Asset Management Co., Ltd. Class H

     1,485,000        539,257  

China Conch Venture Holdings Ltd.

     77,000        234,974  

China Evergrande Group*(b)

     123,000        387,103  

China Lesso Group Holdings Ltd.

     44,473        33,829  

China Lilang Ltd.

     41,726        52,102  

China Logistics Property Holdings Co., Ltd.*(b)

     69,000        21,452  

China Maple Leaf Educational Systems Ltd.

     12,000        16,085  

China Medical System Holdings Ltd.

     30,000        68,117  

China Overseas Land & Investment Ltd.

     214,000        743,027  

China Railway Signal & Communication Corp., Ltd. Class H(a)

     165,000        129,085  

China SCE Property Holdings Ltd.

     126,000        65,181  

China South City Holdings Ltd.

     312,182        70,405  

China Yongda Automobiles Services Holdings Ltd.(b)

     35,251        37,549  

CIFI Holdings Group Co., Ltd.

     201,432        175,810  

Cogobuy Group(a)(b)

     36,000        18,256  

CT Environmental Group Ltd.(b)

     124,000        22,277  

Dali Foods Group Co., Ltd.(a)

     70,000        57,618  

Fuyao Glass Industry Group Co., Ltd. Class H(a)

     86,800        334,557  

Geely Automobile Holdings Ltd.

     124,876        359,594  

Golden Eagle Retail Group Ltd.(b)

     15,000        17,182  

Great Wall Motor Co., Ltd. Class H(b)

     571,000        572,579  

Guangzhou Automobile Group Co., Ltd. Class H

     318,000        585,895  

Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H

     32,000        98,671  

Guangzhou R&F Properties Co., Ltd. Class H

     165,200        412,142  

Haier Electronics Group Co., Ltd.*

     51,000        181,625  

Haitian International Holdings Ltd.

     11,000        33,358  

Hisense Kelon Electrical Holdings Co., Ltd. Class H

     76,000        86,668  

Jiangsu Expressway Co., Ltd. Class H

     132,000      186,690  

Kingboard Laminates Holdings Ltd.

     42,500        61,625  

KWG Property Holding Ltd.

     82,328        112,242  

Livzon Pharmaceutical Group, Inc. Class H

     4,070        32,775  

Logan Property Holdings Co., Ltd.(b)

     82,126        124,942  

Longfor Properties Co., Ltd.

     53,410        163,327  

MGM China Holdings Ltd.

     28,060        72,400  

Minth Group Ltd.

     21,077        96,008  

NetEase, Inc. ADR

     1,476        413,856  

PICC Property & Casualty Co., Ltd. Class H

     430,000        752,800  

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

     100,129        1,018,092  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     108,000        71,970  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     26,787        164,511  

Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H

     178,000        72,803  

Sihuan Pharmaceutical Holdings Group Ltd.

     140,555        41,549  

Sino-Ocean Group Holding Ltd.

     157,500        114,187  

Sinopec Engineering Group Co., Ltd. Class H

     77,763        77,384  

Skyworth Digital Holdings Ltd.

     152,000        68,366  

Tianneng Power International Ltd.

     62,325        73,774  

TravelSky Technology Ltd. Class H

     45,000        130,442  

Vipshop Holdings Ltd. ADR*

     20,096        333,996  

Xinhua Winshare Publishing and Media Co., Ltd. Class H

     101,000        80,689  

Xinjiang Goldwind Science & Technology Co., Ltd. Class H(b)

     117,000        187,539  

Xinyi Glass Holdings Ltd.*

     204,000        307,236  

Xinyi Solar Holdings Ltd.

     166,000        67,049  

YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a)

     6,800        31,321  

Yirendai Ltd. ADR(b)

     263        10,580  

YY, Inc. ADR*

     1,212        127,502  

Zhongsheng Group Holdings Ltd.

     35,000        95,658  

Zhou Hei Ya International Holdings Co., Ltd.(a)(b)

     20,500        18,650  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     26,000        125,887  
     

 

 

 
Total China               11,567,212  
Hong Kong – 0.1%  

Pou Sheng International Holdings Ltd.

     104,000        26,370  
India – 6.0%  

Apollo Tyres Ltd.

     45,735        194,274  

Avanti Feeds Ltd.

     903        30,939  

Bajaj Auto Ltd.

     8,442        355,261  

Bajaj Corp., Ltd.

     6,446        46,654  

Bajaj Holdings & Investment Ltd.

     3,362        137,348  

Balrampur Chini Mills Ltd.

     55,752        64,666  

Britannia Industries Ltd.

     1,514        115,383  

Ceat Ltd.

     2,042        47,160  

DB Corp., Ltd.*

     10,641        50,830  

Dhampur Sugar Mills Ltd.

     6,875        14,352  

Endurance Technologies Ltd.(a)

     2,018        39,135  

Eros International Media Ltd.*

     7,977        20,327  

Hero MotoCorp Ltd.

     13,010        706,695  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      27  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

InterGlobe Aviation Ltd.(a)

     3,455      $ 68,359  

Jagran Prakashan Ltd.

     19,419        51,464  

KPR Mill Ltd.

     3,649        35,390  

KRBL Ltd.

     5,742        38,398  

Kwality Ltd.

     14,165        12,825  

Minda Industries Ltd.

     1,936        31,660  

Sun TV Network Ltd.

     7,719        100,432  

Symphony Ltd.

     1,334        36,649  

TV Today Network Ltd.

     3,299        24,714  

Vardhman Textiles Ltd.

     5,824        109,137  

VIP Industries Ltd.

     5,468        26,715  

Zee Entertainment Enterprises Ltd.

     71,169        627,977  
     

 

 

 
Total India               2,986,744  
Indonesia – 3.1%  

Ace Hardware Indonesia Tbk PT

     730,700        70,589  

Gudang Garam Tbk PT

     71,553        376,670  

Japfa Comfeed Indonesia Tbk PT

     635,900        68,359  

Matahari Department Store Tbk PT

     536,300        426,547  

Media Nusantara Citra Tbk PT

     851,300        87,495  

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     751,600        70,697  

Ramayana Lestari Sentosa Tbk PT

     492,100        48,254  

Sri Rejeki Isman Tbk PT

     2,781,200        67,472  

Surya Citra Media Tbk PT

     789,100        155,327  

Surya Semesta Internusa Tbk PT

     891,200        35,602  

Tiga Pilar Sejahtera Food Tbk*

     538,700        25,042  

Waskita Karya Persero Tbk PT

     638,600        114,570  
     

 

 

 
Total Indonesia               1,546,624  
Malaysia – 1.0%  

Astro Malaysia Holdings Bhd

     250,900        129,731  

Berjaya Sports Toto Bhd

     181,200        102,124  

Bermaz Auto Bhd

     84,549        47,215  

Econpile Holdings Bhd

     60,000        15,279  

Heineken Malaysia Bhd

     10,400        55,925  

Matrix Concepts Holdings Bhd

     80,800        41,570  

Padini Holdings Bhd

     50,500        58,360  

SKP Resources Bhd

     64,200        26,224  

UOA Development Bhd

     74,500        46,611  
     

 

 

 
Total Malaysia               523,039  
Mexico – 12.9%  

America Movil S.A.B. de C.V. Series L

     2,180,059        2,060,208  

Coca-Cola Femsa S.A.B. de C.V. Series L

     84,432        556,127  

El Puerto de Liverpool S.A.B. de C.V. Class C1

     86,485        641,998  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     31,079        150,938  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     203,364        379,243  

Megacable Holdings S.A.B. de C.V. Series CPO

     135,333        622,561  

Qualitas Controladora S.A.B. de C.V.

     23,868        65,798  

Wal-Mart de Mexico S.A.B. de C.V.

     775,222        1,964,652  
     

 

 

 
Total Mexico               6,441,525  
Philippines – 0.3%  

Century Pacific Food, Inc.

     162,300        53,128  

DMCI Holdings, Inc.

     392,966      91,581  
     

 

 

 
Total Philippines               144,709  
Poland – 0.3%  

CCC S.A.

     1,959        133,372  
Russia – 2.8%  

Magnit PJSC GDR Reg S

     37,018        682,427  

Mobile TeleSystems PJSC ADR

     62,592        712,923  
     

 

 

 
Total Russia               1,395,350  
South Africa – 14.8%  

AVI Ltd.

     41,480        387,958  

City Lodge Hotels Ltd.

     5,039        70,256  

Dis-Chem Pharmacies Ltd.(a)

     20,874        60,779  

Famous Brands Ltd.*(b)

     8,584        81,205  

Foschini Group Ltd. (The)

     42,231        797,484  

Hyprop Investments Ltd.

     37,229        340,029  

Massmart Holdings Ltd.

     14,669        200,560  

Metair Investments Ltd.

     38,324        74,392  

Mr. Price Group Ltd.

     33,067        795,366  

Oceana Group Ltd.

     9,767        68,005  

Pick n Pay Stores Ltd.

     42,782        247,476  

Raubex Group Ltd.

     22,743        38,965  

Rhodes Food Group Pty Ltd.(b)

     24,491        38,962  

RMB Holdings Ltd.

     104,381        679,649  

Shoprite Holdings Ltd.

     53,562        1,141,782  

Truworths International Ltd.

     98,843        897,022  

Tsogo Sun Holdings Ltd.

     153,371        301,985  

Woolworths Holdings Ltd.

     232,372        1,176,691  
     

 

 

 
Total South Africa               7,398,566  
South Korea – 15.8%  

BGF Co., Ltd.

     1,860        22,860  

BGF retail Co., Ltd.

     994        157,600  

CJ E&M Corp.

     7,130        612,060  

Com2uS Corp.

     1,255        219,822  

DB HiTek Co., Ltd.

     7,733        107,010  

Dongwon Development Co., Ltd.

     12,909        56,679  

Easy Bio, Inc.

     8,951        58,867  

Grand Korea Leisure Co., Ltd.

     5,319        128,247  

GS Retail Co., Ltd.

     7,120        218,096  

Hanssem Co., Ltd.

     980        142,049  

Hanyang Eng Co., Ltd.

     2,526        36,732  

IS Dongseo Co., Ltd.

     4,355        126,658  

It’s Hanbul Co., Ltd.(b)

     1,655        105,427  

Jusung Engineering Co., Ltd.

     3,927        39,605  

Korea Asset In Trust Co., Ltd.

     8,871        50,851  

Korea Autoglass Corp.

     1,897        29,009  

Korea Real Estate Investment & Trust Co., Ltd.

     41,206        115,009  

KT Skylife Co., Ltd.

     4,626        52,948  

KT&G Corp.

     27,472        2,577,352  

LG Display Co., Ltd.

     71,478        1,753,588  

Loen Entertainment, Inc.

     529        54,493  

Mando Corp.

     1,288        280,342  

Modetour Network, Inc.

     2,136        78,855  

Muhak Co., Ltd.

     5,698        93,016  

 

See Notes to Financial Statements.

 

28   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Nasmedia Co., Ltd.

     406      $ 32,567  

Nexen Corp.

     11,287        75,818  

NS Shopping Co., Ltd.

     3,497        45,439  

Sunjin Co., Ltd.

     4,375        63,415  

Systems Technology, Inc.

     1,603        32,935  

Tera Semicon Co., Ltd.

     1,927        35,705  

TES Co., Ltd.

     1,842        52,362  

Texcell-NetCom Co., Ltd.*

     10,427        229,396  

Toptec Co., Ltd.

     3,979        113,296  

UniTest, Inc.

     2,913        41,677  

WiSoL Co., Ltd.

     3,051        40,646  

Wonik QnC Corp.*

     4,364        59,775  
     

 

 

 
Total South Korea               7,940,206  
Taiwan – 8.8%  

AU Optronics Corp.(b)

     3,939,000        1,837,308  

Charoen Pokphand Enterprise

     40,000        89,721  

Chong Hong Construction Co., Ltd.

     46,000        135,206  

Elite Material Co., Ltd.

     32,000        102,946  

Formosa International Hotels Corp.

     7,000        36,372  

Grape King Bio Ltd.

     14,000        119,320  

Huaku Development Co., Ltd.

     48,000        118,202  

Kung Long Batteries Industrial Co., Ltd.

     6,000        30,147  

Largan Precision Co., Ltd.

     4,000        459,581  

Merry Electronics Co., Ltd.

     15,000        86,686  

momo.com, Inc.

     6,488        60,303  

Nanya Technology Corp.

     141,000        444,902  

Ruentex Development Co., Ltd.

     220,800        258,232  

Ruentex Industries Ltd.*

     256,000        495,195  

Taiwan Sakura Corp.

     34,000        44,778  

Thinking Electronic Industrial Co., Ltd.

     15,000        49,542  

Yulon Nissan Motor Co., Ltd.

     7,000        64,101  
     

 

 

 
Total Taiwan               4,432,542  
Thailand – 1.1%  

Beauty Community PCL NVDR

     102,500        69,819  

Carabao Group PCL NVDR

     15,000        30,580  

GFPT PCL NVDR

     125,134        52,423  

Jasmine International PCL NVDR

     181,935        35,782  

Major Cineplex Group PCL NVDR

     59,056        53,825  

Malee Group PCL NVDR

     14,208        9,860  

MC Group PCL NVDR

     73,600        29,892  

Somboon Advance Technology PCL NVDR

     53,700        35,548  

SPCG PCL NVDR

     72,296        50,401  

Supalai PCL NVDR

     95,564        65,706  

Thai Vegetable Oil PCL NVDR

     90,400        99,015  
     

 

 

 
Total Thailand               532,851  
Turkey – 4.2%  

Aksa Akrilik Kimya Sanayii AS

     18,945        79,340  

BIM Birlesik Magazalar AS

     21,779        395,292  

Dogus Otomotiv Servis ve Ticaret AS*

     16,921        34,855  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS*(b)

     521,279        332,922  

Enka Insaat ve Sanayi AS

     179,987        250,348  

Is Gayrimenkul Yatirim Ortakligi AS

     220,223        71,158  

Migros Ticaret AS*

     30,556      183,426  

Torunlar Gayrimenkul Yatirim Ortakligi AS

     66,023        48,333  

Turkiye Halk Bankasi AS

     223,203        504,283  

Yapi ve Kredi Bankasi AS*

     200,581        224,814  
     

 

 

 
Total Turkey               2,124,771  
TOTAL COMMON STOCKS
(Cost: $47,192,291)
              49,798,811  
WARRANTS – 0.0%  
Malaysia – 0.0%  

Econpile Holdings Bhd, expiring 1/2/23*

     10,400        484  
South Africa – 0.0%  

Adcock Ingram Holdings Ltd., expiring 7/26/19*(b)

     182        123  
TOTAL WARRANTS
(Cost: $0)
              607  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%  
United States – 1.2%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $594,206)(d)      594,206        594,206  
TOTAL INVESTMENTS IN SECURITIES – 100.7%
(Cost: $47,786,497)
        50,393,624  

Other Assets less Liabilities – (0.7)%

        (341,510
     

 

 

 
NET ASSETS – 100.0%             $ 50,052,114  

 

* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $2,415,218 and the total market value of the collateral held by the Fund was $2,573,307. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,979,101.

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.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      29  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2018

 

  

 

 

 

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.

    4/3/2018        449,806       BRL          134,846       USD      $ 491     $  

 

CURRENCY LEGEND

BRL – Brazilian real

USD – U.S. dollar

 

See Notes to Financial Statements.

 

30   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%  
Brazil – 4.6%  

Ambev S.A.

     104,450      $ 756,442  

B2W Cia Digital*

     2,600        20,058  

B3 S.A. – Brasil Bolsa Balcao

     54,126        434,656  

Banco Bradesco S.A.

     19,406        224,621  

Banco Santander Brasil S.A.

     12,927        155,228  

BR Malls Participacoes S.A.

     2,229        7,813  

Cia Siderurgica Nacional S.A.*

     17,819        47,180  

Cielo S.A.

     28,145        175,208  

Cosan S.A. Industria e Comercio

     4,713        58,863  

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     12,672        58,297  

Embraer S.A.

     18,006        116,750  

Engie Brasil Energia S.A.

     1,000        11,782  

Equatorial Energia S.A.

     5,467        117,611  

Estacio Participacoes S.A.

     8,739        91,949  

Fleury S.A.

     2,900        23,681  

Hypera S.A.

     6,887        74,929  

Itau Unibanco Holding S.A.

     9,580        130,084  

Itausa – Investimentos Itau S.A.

     31,088        130,952  

JBS S.A.

     26,253        73,855  

Klabin S.A.

     21,167        131,832  

Localiza Rent a Car S.A.

     14,581        125,998  

Lojas Renner S.A.

     19,529        201,836  

M. Dias Branco S.A.

     3,247        49,834  

MRV Engenharia e Participacoes S.A.

     10,071        49,240  

Multiplan Empreendimentos Imobiliarios S.A.

     6,330        130,805  

Natura Cosmeticos S.A.

     4,700        45,252  

Odontoprev S.A.

     8,710        39,126  

Raia Drogasil S.A.

     6,342        142,731  

Smiles Fidelidade S.A.

     1,200        25,093  

Sul America S.A.

     6,740        44,513  

TIM Participacoes S.A.

     18,416        79,790  

TOTVS S.A.

     4,100        35,540  

Transmissora Alianca de Energia Eletrica S.A.

     11,315        73,979  

Ultrapar Participacoes S.A.

     13,310        284,013  

WEG S.A.

     18,458        125,567  
     

 

 

 
Total Brazil               4,295,108  
Chile – 1.6%  

Aguas Andinas S.A. Class A

     94,837        61,725  

Banco de Chile

     750,552        126,181  

Banco de Credito e Inversiones S.A.

     1,304        96,788  

Banco Santander Chile

     1,529,858        128,966  

Cencosud S.A.

     31,408        96,165  

Cia Cervecerias Unidas S.A.

     5,350        78,757  

Colbun S.A.

     87,896        21,074  

Empresa Nacional de Telecomunicaciones S.A.

     8,971        102,975  

Empresas CMPC S.A.

     17,468        66,545  

Empresas COPEC S.A.

     14,029        220,353  

Enel Americas S.A.

     529,760        123,741  

Latam Airlines Group S.A.

     9,967        154,975  

Parque Arauco S.A.

     1,550        4,672  

S.A.C.I. Falabella

     21,289      205,400  
     

 

 

 
Total Chile               1,488,317  
China – 32.1%  

3SBio, Inc.*(a)

     28,000        63,076  

58.com, Inc. ADR*

     2,205        176,091  

AAC Technologies Holdings, Inc.

     15,000        270,632  

Agile Group Holdings Ltd.

     24,000        49,601  

Alibaba Group Holding Ltd. ADR*

     27,346        5,019,085  

Alibaba Pictures Group Ltd.*

     510,000        66,282  

ANTA Sports Products Ltd.

     28,000        141,279  

Anxin Trust Co., Ltd. Class A

     3,500        6,525  

Autohome, Inc. ADR

     679        58,353  

Baidu, Inc. ADR*

     6,509        1,452,744  

Beijing Orient Landscape & Environment Co., Ltd. Class A

     23,000        75,744  

Beijing Originwater Technology Co., Ltd. Class A

     25,900        74,592  

BYD Co., Ltd. Class A

     11,300        101,116  

BYD Co., Ltd. Class H(b)

     16,000        124,766  

BYD Electronic International Co., Ltd.

     12,000        22,507  

Chaozhou Three-Circle Group Co., Ltd. Class A

     17,600        67,500  

China Biologic Products Holdings, Inc.*

     463        37,503  

China Conch Venture Holdings Ltd.

     29,900        91,243  

China Evergrande Group*(b)

     108,000        339,895  

China First Capital Group Ltd.*

     112,000        52,659  

China Fortune Land Development Co., Ltd. Class A

     15,664        81,685  

China High Speed Transmission Equipment Group Co., Ltd.

     5,000        7,862  

China Lodging Group Ltd. ADR

     726        95,621  

China Media Group Class A

     13,300        17,757  

China Medical System Holdings Ltd.

     30,000        68,117  

China Minsheng Banking Corp., Ltd. Class A

     408,381        518,614  

CIFI Holdings Group Co., Ltd.

     54,000        47,131  

Country Garden Holdings Co., Ltd.

     228,000        469,462  

CSPC Pharmaceutical Group Ltd.

     114,000        302,855  

Ctrip.com International Ltd. ADR*

     10,657        496,829  

Dali Foods Group Co., Ltd.(a)

     57,500        47,329  

Dr Peng Telecom & Media Group Co., Ltd. Class A

     25,196        60,230  

East Money Information Co., Ltd. Class A

     25,300        68,078  

ENN Energy Holdings Ltd.

     15,000        133,978  

Fangda Carbon New Material Co., Ltd. Class A

     11,700        49,279  

Fosun International Ltd.

     58,500        126,715  

Fuyao Glass Industry Group Co., Ltd. Class A

     23,100        90,943  

Fuyao Glass Industry Group Co., Ltd. Class H(a)

     4,400        16,959  

GCL-Poly Energy Holdings Ltd.*

     407,000        50,303  

Geely Automobile Holdings Ltd.

     144,000        414,663  

GEM Co., Ltd. Class A

     46,300        54,603  

GoerTek, Inc. Class A

     21,500        45,859  

Great Wall Motor Co., Ltd. Class H(b)

     94,000        94,260  

Guangzhou R&F Properties Co., Ltd. Class H

     46,400        115,759  

Haitian International Holdings Ltd.

     28,000        84,910  

Han’s Laser Technology Industry Group Co., Ltd. Class A

     11,700        101,720  

Hanergy Thin Film Power Group Ltd.*

     102,000        0  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      31  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     11,500      $ 46,792  

Hengan International Group Co., Ltd.

     15,000        138,947  

Hengtong Optic-electric Co., Ltd. Class A

     11,800        70,762  

Hundsun Technologies, Inc. Class A

     11,500        109,266  

Iflytek Co., Ltd. Class A

     14,300        138,257  

JD.com, Inc. ADR*

     19,092        773,035  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     14,320        198,036  

Jiangsu Zhongtian Technology Co., Ltd. Class A

     23,000        44,891  

Jiangxi Ganfeng Lithium Co., Ltd. Class A

     5,700        70,103  

Kangde Xin Composite Material Group Co., Ltd. Class A

     13,000        40,849  

Kangmei Pharmaceutical Co., Ltd. Class A

     31,700        113,212  

Kingsoft Corp., Ltd.

     27,000        85,662  

KWG Property Holding Ltd.

     24,500        33,402  

Li Ning Co., Ltd.*

     26,000        26,635  

Logan Property Holdings Co., Ltd.

     8,000        12,171  

Longfor Properties Co., Ltd.

     58,000        177,363  

LONGi Green Energy Technology Co., Ltd. Class A

     14,495        78,952  

Luxshare Precision Industry Co., Ltd. Class A

     11,500        44,196  

Luye Pharma Group Ltd.(b)

     58,000        55,500  

Meitu, Inc.*(a)

     33,000        37,801  

MGM China Holdings Ltd.

     34,800        89,790  

Midea Group Co., Ltd. Class A

     45,200        391,747  

Momo, Inc. ADR*

     1,147        42,875  

Nanjing Xinjiekou Department Store Co., Ltd. Class A

     5,400        28,563  

NetEase, Inc. ADR

     1,740        487,879  

New Oriental Education & Technology Group, Inc. ADR

     3,071        269,173  

Nine Dragons Paper Holdings Ltd.

     56,000        83,768  

O-film Tech Co., Ltd. Class A

     25,900        83,401  

Ping An Bank Co., Ltd. Class A

     97,500        168,913  

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

     107,200        1,112,773  

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

     159,000        1,616,681  

Red Star Macalline Group Corp., Ltd. Class H(a)

     25,200        29,508  

Sanan Optoelectronics Co., Ltd. Class A

     20,200        74,903  

Sany Heavy Industry Co., Ltd. Class A

     43,600        54,468  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A

     11,600        82,026  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     14,249        87,510  

Shenzhen Inovance Technology Co., Ltd. Class A

     900        5,058  

Shenzhen Sunway Communication Co., Ltd. Class A

     6,700        39,731  

Shenzhou International Group Holdings Ltd.

     22,000        231,681  

Shimao Property Holdings Ltd.

     26,000        73,545  

Sino Biopharmaceutical Ltd.

     132,000        259,011  

Skyworth Digital Holdings Ltd.

     84,000        37,781  

SOHO China Ltd.

     57,000        29,850  

Sun Art Retail Group Ltd.

     13,500        15,705  

Sunac China Holdings Ltd.

     77,000        297,275  

Suning.com Co., Ltd. Class A

     40,700        91,017  

Sunny Optical Technology Group Co., Ltd.

     17,600        324,942  

TAL Education Group ADR

     8,221        304,917  

Tasly Pharmaceutical Group Co., Ltd. Class A

     5,821        42,114  

TBEA Co., Ltd. Class A

     69,000      96,727  

Tencent Holdings Ltd.

     130,400        6,805,530  

Tianqi Lithium Corp. Class A

     8,465        79,245  

Tingyi Cayman Islands Holding Corp.

     58,000        120,311  

Tonghua Dongbao Pharmaceutical Co., Ltd. Class A

     20,292        86,242  

Uni-President China Holdings Ltd.

     30,000        25,955  

Vipshop Holdings Ltd. ADR*

     9,617        159,834  

Want Want China Holdings Ltd.

     143,000        114,607  

Weibo Corp. ADR*

     1,187        141,894  

WH Group Ltd.(a)

     151,500        161,378  

Xinyi Glass Holdings Ltd.*

     104,000        156,630  

Xinyi Solar Holdings Ltd.

     60,000        24,235  

Yonghui Superstores Co., Ltd. Class A

     31,100        48,639  

Yum China Holdings, Inc.

     8,651        359,016  

YY, Inc. ADR*

     868        91,314  

Zall Group Ltd.*(b)

     115,000        163,233  

Zhejiang Dahua Technology Co., Ltd. Class A

     20,200        82,255  

Zhejiang Longsheng Group Co., Ltd. Class A

     23,000        40,797  

Zhengzhou Yutong Bus Co., Ltd. Class A

     3,000        10,662  

Zhongtian Financial Group Co., Ltd. Class A

     9,500        11,098  

ZTE Corp. Class A*

     43,500        208,453  

ZTO Express Cayman, Inc. ADR

     4,100        61,459  
     

 

 

 
Total China               29,754,665  
Czech Republic – 0.2%  

Komercni Banka AS

     2,667        121,587  

Moneta Money Bank AS(a)

     15,304        63,394  
     

 

 

 
Total Czech Republic               184,981  
Hungary – 0.5%  

OTP Bank PLC

     9,303        418,539  
India – 8.8%  

ACC Ltd.

     3,084        71,282  

Ashok Leyland Ltd.

     30,537        68,100  

Asian Paints Ltd.

     7,354        126,329  

Bajaj Finserv Ltd.

     775        61,451  

Balkrishna Industries Ltd.

     1,687        27,641  

Bharat Forge Ltd.

     4,799        51,480  

Bharti Airtel Ltd.

     28,752        175,761  

Bharti Infratel Ltd.

     16,805        86,612  

Britannia Industries Ltd.

     209        15,928  

Crompton Greaves Consumer Electricals Ltd.

     11,395        41,363  

Cummins India Ltd.

     4,977        53,435  

Dabur India Ltd.

     17,257        86,891  

DLF Ltd.

     13,480        41,594  

Dr. Reddy’s Laboratories Ltd.

     2,761        88,075  

Eicher Motors Ltd.

     342        148,776  

Federal Bank Ltd.

     55,363        75,717  

Glenmark Pharmaceuticals Ltd.

     7,756        62,586  

Godrej Consumer Products Ltd.

     6,163        103,342  

Havells India Ltd.

     8,971        67,102  

HCL Technologies Ltd.

     10,344        153,618  

Hero MotoCorp Ltd.

     2,945        159,970  

Hindalco Industries Ltd.

     19,464        64,028  

Hindustan Unilever Ltd.

     17,059        348,743  

 

See Notes to Financial Statements.

 

32   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

ICICI Bank Ltd. ADR

     20,000      $ 177,000  

IDFC Bank Ltd.

     93,163        67,635  

IndusInd Bank Ltd.

     9,029        248,734  

Infosys Ltd. ADR

     32,247        575,609  

ITC Ltd.

     71,236        279,061  

JSW Steel Ltd.

     22,408        98,999  

Kotak Mahindra Bank Ltd.

     20,943        336,454  

Larsen & Toubro Ltd.

     8,551        171,868  

Larsen & Toubro Ltd. GDR Reg S

     2,844        57,164  

Mahindra & Mahindra Ltd.

     19,426        220,078  

Marico Ltd.

     14,258        71,277  

Maruti Suzuki India Ltd.

     2,918        396,443  

Max Financial Services Ltd.*

     4,173        29,013  

MRF Ltd.

     28        31,130  

Natco Pharma Ltd.

     3,197        36,942  

Nestle India Ltd.

     580        72,952  

Oracle Financial Services Software Ltd.

     1,131        64,948  

Page Industries Ltd.

     201        69,909  

Pidilite Industries Ltd.

     333        4,686  

Piramal Enterprises Ltd.

     2,176        81,168  

Reliance Industries Ltd. GDR(a)

     40,481        1,097,035  

Sun Pharmaceutical Industries Ltd.

     24,241        184,014  

Sun TV Network Ltd.

     2,534        32,970  

Tata Consultancy Services Ltd.

     8,683        379,309  

Tata Motors Ltd. ADR*

     5,176        133,023  

Tata Power Co., Ltd. (The)

     58,586        70,963  

Tech Mahindra Ltd.

     6,856        67,139  

TVS Motor Co., Ltd.

     5,549        52,689  

United Spirits Ltd.*

     1,404        67,371  

UPL Ltd.

     9,419        105,459  

Vakrangee Ltd.

     12,053        40,906  

Vedanta Ltd.

     43,031        183,316  

Wipro Ltd.

     22,072        95,145  

Yes Bank Ltd.

     44,162        206,416  

Zee Entertainment Enterprises Ltd.

     16,411        144,807  
     

 

 

 
Total India               8,131,456  
Indonesia – 2.0%  

Adaro Energy Tbk PT

     592,900        91,729  

Astra International Tbk PT

     92,100        48,835  

Bank Central Asia Tbk PT

     448,200        758,530  

Bumi Serpong Damai Tbk PT

     812,500        105,048  

Charoen Pokphand Indonesia Tbk PT

     263,900        66,131  

Hanjaya Mandala Sampoerna Tbk PT

     392,500        113,467  

Indofood CBP Sukses Makmur Tbk PT

     179,800        108,069  

Matahari Department Store Tbk PT

     117,200        93,215  

Mayora Indah Tbk PT

     304,300        65,203  

Surya Citra Media Tbk PT

     214,300        42,183  

Unilever Indonesia Tbk PT

     61,800        222,309  

United Tractors Tbk PT

     63,700        148,059  
     

 

 

 
Total Indonesia               1,862,778  
Malaysia – 2.5%  

AirAsia Bhd

     84,200        85,550  

British American Tobacco Malaysia Bhd

     9,400        64,206  

Dialog Group Bhd

     403,900      320,572  

Genting Malaysia Bhd

     162,700        206,109  

HAP Seng Consolidated Bhd

     18,900        48,178  

Hartalega Holdings Bhd

     58,000        90,719  

Hong Leong Bank Bhd

     8,708        42,324  

IOI Corp. Bhd

     142,100        175,972  

Maxis Bhd

     81,200        120,499  

Press Metal Aluminium Holdings Bhd

     98,600        110,122  

Public Bank Bhd

     110,800        687,487  

Westports Holdings Bhd

     211,800        196,578  

YTL Corp. Bhd

     337,958        117,953  

YTL Power International Bhd

     301,330        79,461  
     

 

 

 
Total Malaysia               2,345,730  
Mexico – 2.9%  

Alfa S.A.B. de C.V. Class A

     103,060        131,496  

Alsea S.A.B. de C.V.

     22,353        77,798  

America Movil S.A.B. de C.V. Series L

     461,391        436,026  

Arca Continental S.A.B. de C.V.

     5,914        40,729  

Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Class B

     72,170        103,391  

Cemex S.A.B. de C.V. Series CPO*

     392,439        258,638  

Concentradora Fibra Danhos S.A. de C.V.

     14,100        23,336  

Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A*

     60,900        48,878  

El Puerto de Liverpool S.A.B. de C.V. Class C1

     11,900        88,337  

Fomento Economico Mexicano S.A.B. de C.V.

     9,968        90,552  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     9,513        93,616  

Grupo Bimbo S.A.B. de C.V. Series A

     66,690        145,338  

Grupo Carso S.A.B. de C.V. Series A1

     6,400        22,450  

Grupo Financiero Banorte S.A.B. de C.V. Class O

     55,503        337,910  

Grupo Financiero Inbursa S.A.B. de C.V. Class O

     59,600        98,248  

Grupo Lala S.A.B. de C.V.

     25,300        34,277  

Grupo Mexico S.A.B. de C.V. Series B

     54,649        181,280  

Infraestructura Energetica Nova S.A.B. de C.V.

     13,451        65,525  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     33,464        62,405  

Megacable Holdings S.A.B. de C.V. Series CPO

     11,648        53,583  

Mexichem S.A.B. de C.V.

     24,724        75,363  

Promotora y Operadora de Infraestructura S.A.B. de C.V.

     2,080        20,595  

Wal-Mart de Mexico S.A.B. de C.V.

     91,591        232,120  
     

 

 

 
Total Mexico               2,721,891  
Philippines – 1.2%  

Aboitiz Power Corp.

     121,000        89,745  

Alliance Global Group, Inc.*

     172,600        43,665  

Ayala Corp.

     6,345        115,281  

Bank of the Philippine Islands

     21,750        48,771  

BDO Unibank, Inc.

     41,543        110,670  

DMCI Holdings, Inc.

     298,600        69,589  

Globe Telecom, Inc.

     1,640        50,981  

GT Capital Holdings, Inc.

     1,400        31,366  

International Container Terminal Services, Inc.

     25,800        49,447  

Jollibee Foods Corp.

     11,050        63,321  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      33  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Manila Electric Co.

     740      $ 4,510  

Megaworld Corp.

     553,000        49,707  

Metropolitan Bank & Trust Co.

     5,299        8,714  

PLDT, Inc.

     1,740        49,021  

Security Bank Corp.

     9,280        42,685  

SM Investments Corp.

     10,595        186,203  

Universal Robina Corp.

     29,670        86,433  
     

 

 

 
Total Philippines               1,100,109  
Poland – 1.3%  

Alior Bank S.A.*

     8,390        180,155  

Bank Millennium S.A.*

     46,097        110,489  

Bank Pekao S.A.

     8,426        303,309  

Bank Zachodni WBK S.A.

     1,431        151,318  

CCC S.A.

     1,717        116,896  

CD Projekt S.A.

     3,652        116,641  

Cyfrowy Polsat S.A.

     10,929        79,575  

LPP S.A.

     73        185,414  
     

 

 

 
Total Poland               1,243,797  
Russia – 4.1%  

Lenta Ltd. GDR Reg S*

     21,622        128,651  

Lukoil PJSC ADR

     22,098        1,522,552  

Mail.ru Group Ltd. GDR Reg S*

     4,054        141,809  

MegaFon PJSC GDR Reg S

     8,424        83,313  

MMC Norilsk Nickel PJSC ADR

     25,820        478,574  

Mobile TeleSystems PJSC ADR

     19,109        217,652  

Novatek PJSC GDR Reg S

     4,198        575,126  

Novolipetsk Steel PJSC GDR

     3,948        98,305  

PhosAgro PJSC GDR Reg S

     5,217        75,855  

Severstal PJSC GDR Reg S

     10,672        161,040  

Yandex N.V. Class A*

     8,386        330,828  
     

 

 

 
Total Russia               3,813,705  
South Africa – 7.3%  

Anglo American Platinum Ltd.

     963        26,333  

AngloGold Ashanti Ltd.

     13,624        129,378  

Aspen Pharmacare Holdings Ltd.

     8,213        179,846  

AVI Ltd.

     5,398        50,487  

Barclays Africa Group Ltd.

     7,321        117,210  

Barloworld Ltd.

     6,699        93,886  

Bid Corp., Ltd.

     6,277        136,546  

Bidvest Group Ltd. (The)

     7,755        146,673  

Capitec Bank Holdings Ltd.

     1,652        121,332  

Clicks Group Ltd.

     3,927        60,356  

Discovery Ltd.

     9,447        135,939  

Exxaro Resources Ltd.

     1,684        15,490  

FirstRand Ltd.

     67,309        380,038  

Foschini Group Ltd. (The)

     6,548        123,651  

Gold Fields Ltd.

     22,250        90,099  

Hyprop Investments Ltd.

     6,509        59,450  

Imperial Holdings Ltd.

     3,780        74,412  

Life Healthcare Group Holdings Ltd.

     46,184        107,618  

Mondi Ltd.

     2,611        71,007  

Mr. Price Group Ltd.

     4,887        117,548  

MTN Group Ltd.

     35,596        357,560  

Naspers Ltd. Class N

     8,613      2,102,114  

Nedbank Group Ltd.

     4,074        98,178  

Netcare Ltd.

     37,161        87,816  

Northam Platinum Ltd.*

     11,044        33,872  

Pick n Pay Stores Ltd.

     9,261        53,571  

PSG Group Ltd.

     1,101        20,914  

Rand Merchant Investment Holdings Ltd.

     17,227        58,156  

Remgro Ltd.

     10,288        192,758  

RMB Holdings Ltd.

     16,492        107,383  

Sanlam Ltd.

     29,325        211,113  

Shoprite Holdings Ltd.

     8,797        187,526  

Sibanye Gold Ltd.

     56,059        55,686  

SPAR Group Ltd. (The)

     5,754        98,367  

Standard Bank Group Ltd.

     23,507        433,844  

Tiger Brands Ltd.

     3,547        111,361  

Truworths International Ltd.

     7,465        67,746  

Vodacom Group Ltd.

     8,016        103,556  

Woolworths Holdings Ltd.

     22,809        115,501  
     

 

 

 
Total South Africa               6,734,321  
South Korea – 15.4%  

Amorepacific Corp.

     696        206,991  

Amorepacific Group

     667        88,858  

BGF Co., Ltd.

     782        9,611  

BNK Financial Group, Inc.

     5,842        57,001  

Celltrion, Inc.*

     1,942        563,889  

Cheil Worldwide, Inc.

     2,638        44,548  

CJ CheilJedang Corp.

     233        70,278  

CJ E&M Corp.

     165        14,164  

CJ Logistics Corp.*

     325        41,925  

Coway Co., Ltd.

     1,158        97,559  

Daelim Industrial Co., Ltd.

     926        64,635  

DB Insurance Co., Ltd.

     782        47,687  

DGB Financial Group, Inc.

     4,161        45,479  

Doosan Corp.

     260        25,978  

Doosan Heavy Industries & Construction Co., Ltd.*

     2,379        35,488  

E-Mart, Inc.

     491        125,986  

GS Engineering & Construction Corp.

     827        22,966  

GS Holdings Corp.

     1,160        67,582  

Hana Financial Group, Inc.

     5,670        243,365  

Hankook Tire Co., Ltd.

     1,828        91,923  

Hanmi Pharm Co., Ltd.

     118        56,570  

Hanmi Science Co., Ltd.

     727        63,431  

Hanon Systems

     1,654        17,767  

Hanssem Co., Ltd.

     400        57,979  

Hanwha Chemical Corp.

     1,999        55,887  

Hanwha Corp.

     1,160        42,606  

Hanwha Techwin Co., Ltd.*

     1,517        42,127  

Hotel Shilla Co., Ltd.

     1,013        91,141  

Hyosung Corp.

     406        46,660  

Hyundai Department Store Co., Ltd.

     391        33,968  

Hyundai Development Co-Engineering & Construction

     1,013        36,542  

Hyundai Engineering & Construction Co., Ltd.

     1,886        77,323  

Hyundai Glovis Co., Ltd.

     724        114,791  

Hyundai Marine & Fire Insurance Co., Ltd.

     1,624        59,268  

 

See Notes to Financial Statements.

 

34   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Hyundai Merchant Marine Co., Ltd.*

     8,570      $ 35,176  

Hyundai Motor Co.

     2,753        370,631  

Hyundai Steel Co.

     1,188        56,842  

Hyundai Wia Corp.

     960        49,806  

Kakao Corp.

     952        117,895  

KB Financial Group, Inc.

     8,307        473,060  

Korea Investment Holdings Co., Ltd.

     1,158        89,846  

Korea Zinc Co., Ltd.

     261        117,290  

KT&G Corp.

     2,261        212,121  

Kumho Petrochemical Co., Ltd.

     578        52,274  

LG Chem Ltd.

     842        304,523  

LG Corp.

     2,232        180,294  

LG Display Co., Ltd.

     4,068        99,801  

LG Electronics, Inc.

     2,233        229,396  

LG Household & Health Care Ltd.

     203        230,063  

LG Innotek Co., Ltd.

     176        20,805  

LG Uplus Corp.

     4,306        49,487  

Lotte Chemical Corp.

     319        129,587  

Lotte Confectionery Co., Ltd.

     86        14,039  

Lotte Corp.*

     667        39,736  

Lotte Shopping Co., Ltd.

     279        61,381  

LS Corp.

     781        54,587  

Mando Corp.

     142        30,907  

Medy-Tox, Inc.

     116        79,673  

Mirae Asset Daewoo Co., Ltd. (Preference Shares)*

     814        3,513  

NAVER Corp.

     498        370,031  

NCSoft Corp.

     377        148,551  

NH Investment & Securities Co., Ltd.

     3,547        47,087  

NongShim Co., Ltd.

     114        32,727  

OCI Co., Ltd.

     355        52,289  

Ottogi Corp.

     86        57,446  

POSCO

     1,595        487,074  

S-1 Corp.

     697        64,671  

Samsung Biologics Co., Ltd.*(a)

     346        158,084  

Samsung C&T Corp.

     1,737        228,145  

Samsung Electro-Mechanics Co., Ltd.

     1,306        129,265  

Samsung Electronics Co., Ltd.

     1,756        4,054,335  

Samsung Fire & Marine Insurance Co., Ltd.

     637        161,655  

Samsung Life Insurance Co., Ltd.

     1,651        179,675  

Samsung SDS Co., Ltd.

     754        180,737  

Samsung Securities Co., Ltd.

     1,247        46,036  

Shinhan Financial Group Co., Ltd.

     10,574        453,356  

SillaJen, Inc.*

     1,072        107,612  

SK Holdings Co., Ltd.

     696        193,279  

SK Hynix, Inc.

     10,632        810,941  

SK Innovation Co., Ltd.

     1,214        240,317  

SK Telecom Co., Ltd.

     667        146,116  

ViroMed Co., Ltd.*

     140        29,539  

Yuhan Corp.

     204        42,488  
     

 

 

 
Total South Korea               14,286,162  
Taiwan – 11.5%  

Accton Technology Corp.

     1,000        3,313  

Acer, Inc.*

     78,000        66,077  

Advanced Semiconductor Engineering, Inc.

     144,124        207,607  

Advantech Co., Ltd.

     3,000      21,607  

Airtac International Group

     1,000        16,960  

Asia Cement Corp.

     56,000        54,834  

Asustek Computer, Inc.

     20,000        189,320  

AU Optronics Corp.

     174,000        81,161  

Catcher Technology Co., Ltd.

     9,000        109,888  

Cathay Financial Holding Co., Ltd.

     172,000        309,703  

Chailease Holding Co., Ltd.

     56,000        198,786  

Chang Hwa Commercial Bank Ltd.

     201,478        117,126  

Cheng Shin Rubber Industry Co., Ltd.

     54,000        87,139  

Chicony Electronics Co., Ltd.

     27,010        69,570  

China Development Financial Holding Corp.

     348,000        122,934  

China Life Insurance Co., Ltd.

     87,877        90,568  

Chroma ATE, Inc.

     1,000        5,796  

Compal Electronics, Inc.

     115,000        78,686  

CTBC Financial Holding Co., Ltd.

     320,672        233,160  

E.Sun Financial Holding Co., Ltd.

     233,858        156,804  

Epistar Corp.*

     5,000        7,322  

Far Eastern New Century Corp.

     114,080        103,489  

Far EasTone Telecommunications Co., Ltd.

     30,000        80,461  

Feng TAY Enterprise Co., Ltd.

     3,000        13,427  

Formosa Chemicals & Fibre Corp.

     87,000        323,747  

Formosa Petrochemical Corp.

     44,000        178,825  

Formosa Plastics Corp.

     88,000        313,887  

Foxconn Technology Co., Ltd.

     29,020        79,226  

Fubon Financial Holding Co., Ltd.

     172,000        296,135  

General Interface Solution Holding Ltd.

     4,000        24,625  

Giant Manufacturing Co., Ltd.

     1,000        5,247  

Hiwin Technologies Corp.

     1,000        14,542  

Hon Hai Precision Industry Co., Ltd.

     262,085        795,504  

HTC Corp.*

     9,000        21,021  

Innolux Corp.

     175,000        78,626  

Inventec Corp.

     87,000        69,076  

King Yuan Electronics Co., Ltd.

     54,000        56,487  

Largan Precision Co., Ltd.

     2,000        229,790  

Lite-On Technology Corp.

     57,015        80,956  

Macronix International*

     27,806        50,735  

MediaTek, Inc.

     29,000        338,667  

Merida Industry Co., Ltd.

     1,000        4,579  

Merry Electronics Co., Ltd.

     4,000        23,116  

Nan Ya Plastics Corp.

     116,000        324,642  

Nien Made Enterprise Co., Ltd.

     1,000        9,620  

Novatek Microelectronics Corp.

     27,000        122,698  

Pegatron Corp.

     56,000        140,207  

Pou Chen Corp.

     59,000        79,727  

Powertech Technology, Inc.

     27,000        84,916  

President Chain Store Corp.

     23,000        231,917  

Quanta Computer, Inc.

     58,000        117,564  

Shin Kong Financial Holding Co., Ltd.

     261,449        103,568  

Siliconware Precision Industries Co., Ltd.

     28,000        48,784  

SinoPac Financial Holdings Co., Ltd.

     233,738        82,971  

Standard Foods Corp.

     1,280        2,976  

Synnex Technology International Corp.

     30,000        44,758  

Taishin Financial Holding Co., Ltd.

     347,265        169,720  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      35  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Taiwan Cement Corp.

     58,000      $ 72,706  

Taiwan Mobile Co., Ltd.

     29,000        109,408  

Taiwan Paiho Ltd.

     6,000        17,080  

Taiwan Semiconductor Manufacturing Co., Ltd.

     347,000        2,945,519  

Uni-President Enterprises Corp.

     86,160        203,898  

United Microelectronics Corp.

     261,000        138,749  

Winbond Electronics Corp.

     31,000        20,786  

Wistron Corp.

     30,621        26,150  

WPG Holdings Ltd.

     58,000        76,188  

Yageo Corp.

     2,000        35,806  

Yuanta Financial Holding Co., Ltd.

     202,236        92,597  
     

 

 

 
Total Taiwan               10,713,484  
Thailand – 2.5%  

Advanced Info Service PCL NVDR

     37,700        250,771  

Bangkok Bank PCL NVDR

     2,600        16,380  

Bangkok Dusit Medical Services PCL NVDR

     150,800        113,329  

Bank of Ayudhya PCL NVDR

     78,100        100,529  

Banpu PCL NVDR

     118,400        76,863  

Berli Jucker PCL NVDR

     51,800        94,423  

BTS Group Holdings PCL NVDR

     226,300        60,429  

Bumrungrad Hospital PCL NVDR

     14,500        98,769  

Central Pattana PCL NVDR

     45,400        113,246  

Charoen Pokphand Foods PCL NVDR

     124,600        100,612  

CP ALL PCL NVDR

     147,900        416,220  

Delta Electronics Thailand PCL NVDR

     10,700        23,268  

Energy Absolute PCL NVDR

     66,800        93,460  

Glow Energy PCL NVDR

     28,900        79,482  

Home Product Center PCL NVDR

     144,900        65,800  

Indorama Ventures PCL NVDR

     78,400        143,537  

Kasikornbank PCL NVDR

     46,200        313,220  

Land & Houses PCL NVDR

     153,500        51,543  

Thai Union Group PCL NVDR

     69,600        42,067  

True Corp. PCL NVDR

     392,300        89,074  
     

 

 

 
Total Thailand               2,343,022  
Turkey – 1.1%  

Akbank Turk AS

     69,855        168,404  

Anadolu Efes Biracilik ve Malt Sanayii AS

     5,029        33,997  

BIM Birlesik Magazalar AS

     6,683        121,297  

Haci Omer Sabanci Holding AS

     53,922        142,925  

Tofas Turk Otomobil Fabrikasi AS

     9,916        67,685  

Tupras Turkiye Petrol Rafinerileri AS

     3,894        106,556  

Turkcell Iletisim Hizmetleri AS

     19,864        75,968  

Turkiye Garanti Bankasi AS

     65,642        181,280  

Turkiye Is Bankasi AS Group C

     46,561        83,921  
     

 

 

 
Total Turkey               982,033  
TOTAL COMMON STOCKS
(Cost: $92,053,879)
              92,420,098  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%  
United States – 0.3%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $243,090)(d)      243,090      243,090  
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $92,296,969)
        92,663,188  

Other Assets less Liabilities – 0.1%

        113,273  
     

 

 

 
NET ASSETS – 100.0%             $ 92,776,461  

 

* 

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 $98,267, which represents 0.11% of net assets.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $627,142 and the total market value of the collateral held by the Fund was $661,168. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $418,078.

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.

 

See Notes to Financial Statements.

 

36   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2018

 

  

 

 

 

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

Citibank N.A.

    4/2/2018       1,170,898       BRL       352,044       USD     $ 254     $  

Citibank N.A.

    4/2/2018       15,513,268       MXN       845,788       USD       4,092        

Citibank N.A.

    4/2/2018       452,660       USD       1,505,546       BRL             (327

Citibank N.A.

    4/2/2018       558,143       USD       600,450,393       KRW             (5,184

Citibank N.A.

    4/2/2018       758,100       USD       13,904,910       MXN             (3,667

Deutsche Bank AG

    4/2/2018       40,170,110       KRW       37,789       USD             (103

Deutsche Bank AG

    4/3/2018       196,769       USD       2,294,839       ZAR       3,091        

Deutsche Bank AG

    4/3/2018       2,585,832       ZAR       221,720       USD             (3,483

Merrill Lynch International

    4/2/2018       645,681       USD       8,876,177,429       IDR       961        
                                            $ 8,398     $ (12,764

 

CURRENCY LEGEND

BRL – Brazilian real

IDR – Indonesian rupiah

KRW – South Korean won

MXN – Mexican peso

USD – U.S. dollar

ZAR – South African rand

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      37  


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 96.7%  
Brazil – 3.2%  

AES Tiete Energia S.A.

     600,975      $ 2,195,161  

Banco Santander Brasil S.A.

     517,618        6,215,590  

BB Seguridade Participacoes S.A.

     919,569        8,098,383  

Cia Hering

     413,855        2,570,095  

Cia Paranaense de Energia

     246,444        1,707,668  

Cosan S.A. Industria e Comercio

     378,891        4,732,147  

EcoRodovias Infraestrutura e Logistica S.A.

     219,222        577,143  

Engie Brasil Energia S.A.

     768,692        9,057,040  

Estacio Participacoes S.A.

     571,092        6,008,872  

Ez Tec Empreendimentos e Participacoes S.A.

     242,971        1,687,258  

Fleury S.A.

     268,698        2,194,146  

Grendene S.A.

     242,175        1,993,594  

Itau Unibanco Holding S.A.

     321,456        4,364,938  

Magnesita Refratarios S.A.

     115,390        2,020,610  

MRV Engenharia e Participacoes S.A.

     417,439        2,040,975  

Multiplus S.A.

     180,035        1,671,103  

Porto Seguro S.A.

     122,220        1,785,715  

Qualicorp S.A.

     361,440        2,422,940  

Smiles Fidelidade S.A.

     136,479        2,853,921  

Transmissora Alianca de Energia Eletrica S.A.

     1,305,176        8,533,360  

Tupy S.A.

     225,573        1,151,755  
     

 

 

 
Total Brazil               73,882,414  
Chile – 1.2%  

AES Gener S.A.

     10,843,413        3,074,455  

Aguas Andinas S.A. Class A

     5,669,860        3,690,226  

Banco Santander Chile

     33,250,722        2,803,007  

Empresas Lipigas S.A.

     314,536        2,814,103  

Enel Chile S.A.

     33,116,361        4,292,318  

Enel Generacion Chile S.A.

     6,878,099        5,611,856  

Grupo Security S.A.

     2,028,422        1,024,923  

Inversiones Aguas Metropolitanas S.A.

     1,224,818        2,254,356  

Inversiones La Construccion S.A.

     72,827        1,433,819  
     

 

 

 
Total Chile               26,999,063  
China – 21.2%  

Agile Group Holdings Ltd.

     978,000        2,021,222  

Agricultural Bank of China Ltd. Class H

     27,077,000        15,387,207  

BAIC Motor Corp., Ltd. Class H(a)

     1,475,500        1,808,584  

Bank of China Ltd. Class H

     71,055,084        38,206,039  

Bank of Chongqing Co., Ltd. Class H

     1,036,000        805,219  

Bank of Communications Co., Ltd. Class H

     22,922,287        17,962,115  

Beijing Capital Land Ltd. Class H

     1,552,000        945,244  

Central China Securities Co., Ltd. Class H(b)

     2,531,000        944,896  

China Cinda Asset Management Co., Ltd. Class H

     8,569,000        3,111,712  

China CITIC Bank Corp., Ltd. Class H

     10,549,000        7,204,444  

China Construction Bank Corp. Class H

     69,694,054        71,573,981  

China Lilang Ltd.

     1,861,000        2,323,790  

China Minsheng Banking Corp., Ltd. Class H

     4,299,500        4,179,910  

China Mobile Ltd.

     6,811,000        62,440,459  

China Petroleum & Chemical Corp. Class H

     49,438,000        43,401,478  

China Power International Development Ltd.(b)

     15,572,000        4,007,930  

China Resources Cement Holdings Ltd.

     2,592,000      2,239,181  

China Resources Power Holdings Co., Ltd.

     4,090,000        7,462,610  

China Sanjiang Fine Chemicals Co., Ltd.

     1,646,000        673,224  

China SCE Property Holdings Ltd.

     1,375,000        711,301  

China Suntien Green Energy Corp., Ltd. Class H

     4,367,000        1,224,138  

China Vanke Co., Ltd. Class H

     724,200        3,303,436  

China Zhongwang Holdings Ltd.(b)

     3,974,800        2,360,074  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     2,971,991        2,275,864  

CIFI Holdings Group Co., Ltd.

     2,210,000        1,928,889  

CITIC Telecom International Holdings Ltd.

     3,524,000        1,019,263  

CNOOC Ltd.

     24,519,000        36,114,782  

COSCO Shipping Energy Transportation Co., Ltd. Class H

     1,934,000        995,548  

Dali Foods Group Co., Ltd.(a)

     3,121,000        2,568,921  

Dongfeng Motor Group Co., Ltd. Class H

     3,234,000        3,753,901  

E-Commodities Holdings Ltd.

     7,308,000        689,056  

Great Wall Motor Co., Ltd. Class H(b)

     3,840,000        3,850,617  

Greatview Aseptic Packaging Co., Ltd.

     1,625,000        1,093,230  

Guangdong Investment Ltd.

     3,690,000        5,801,842  

Guangzhou R&F Properties Co., Ltd. Class H

     1,471,600        3,671,359  

Hisense Kelon Electrical Holdings Co., Ltd. Class H

     436,000        497,203  

Huabao International Holdings Ltd.

     1,975,000        1,308,564  

Huaneng Power International, Inc. Class H

     11,020,000        7,399,743  

Industrial & Commercial Bank of China Ltd. Class H

     65,725,823        56,360,586  

Jiangnan Group Ltd.(b)

     13,108,000        810,033  

Jiangsu Expressway Co., Ltd. Class H

     1,556,527        2,201,426  

Kingboard Laminates Holdings Ltd.

     1,151,500        1,669,670  

KWG Property Holding Ltd.

     2,323,000        3,167,068  

Lenovo Group Ltd.(b)

     13,878,000        7,090,807  

Logan Property Holdings Co., Ltd.

     1,070,000        1,627,843  

Powerlong Real Estate Holdings Ltd.(b)

     1,913,000        1,006,675  

Red Star Macalline Group Corp., Ltd. Class H(a)(b)

     1,156,600        1,354,326  

Shandong Chenming Paper Holdings Ltd. Class H(b)

     428,000        723,122  

Shanghai Industrial Holdings Ltd.

     583,000        1,519,100  

Shenzhen Expressway Co., Ltd. Class H

     982,000        999,730  

Shenzhen Investment Ltd.

     3,934,000        1,669,179  

Shimao Property Holdings Ltd.

     1,214,000        3,433,967  

Sino-Ocean Group Holding Ltd.

     3,958,000        2,869,541  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     8,396,000        5,102,878  

SITC International Holdings Co., Ltd.

     1,635,000        1,624,938  

Times China Holdings Ltd.(b)

     872,000        1,333,282  

Weichai Power Co., Ltd. Class H

     1,802,000        2,020,514  

Xinhua Winshare Publishing and Media Co., Ltd. Class H

     2,404,000        1,920,554  

Xinyi Glass Holdings Ltd.*

     4,558,000        6,864,615  

Xinyi Solar Holdings Ltd.(b)

     7,468,000        3,016,393  

Yuexiu Transport Infrastructure Ltd.(b)

     2,668,000        2,053,275  

Yuzhou Properties Co., Ltd.

     3,499,000        2,385,185  

 

See Notes to Financial Statements.

 

38   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Zhejiang Expressway Co., Ltd. Class H

     2,024,398      $ 2,066,107  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(b)

     2,076,600        793,777  
     

 

 

 
Total China               482,951,567  
Czech Republic – 1.0%  

CEZ AS

     507,554        12,639,240  

Komercni Banka AS

     72,299        3,296,078  

Moneta Money Bank AS(a)

     1,037,863        4,299,141  

O2 Czech Republic AS

     225,799        3,117,759  
     

 

 

 
Total Czech Republic               23,352,218  
Hong Kong – 0.1%  

CP Pokphand Co., Ltd.

     16,290,000        1,266,121  

Stella International Holdings Ltd.

     873,500        1,164,177  
     

 

 

 
Total Hong Kong               2,430,298  
Hungary – 0.1%  

Magyar Telekom Telecommunications PLC

     972,293        1,737,087  
Indonesia – 1.1%  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     3,315,900        496,151  

Gudang Garam Tbk PT

     688,600        3,624,934  

Indo Tambangraya Megah Tbk PT

     1,949,300        4,035,232  

Indocement Tunggal Prakarsa Tbk PT

     4,367,200        5,075,373  

Japfa Comfeed Indonesia Tbk PT

     6,604,700        710,002  

Matahari Department Store Tbk PT

     5,624,700        4,473,613  

Perusahaan Gas Negara Persero Tbk

     44,253,600        7,393,011  
     

 

 

 
Total Indonesia               25,808,316  
Malaysia – 2.8%  

AirAsia Bhd

     5,008,800        5,089,086  

Alliance Bank Malaysia Bhd

     1,655,400        1,870,243  

AMMB Holdings Bhd

     1,282,300        1,289,593  

Ann Joo Resources Bhd

     785,300        609,074  

Astro Malaysia Holdings Bhd

     4,669,700        2,414,530  

Berjaya Sports Toto Bhd

     1,173,772        661,536  

Bermaz Auto Bhd

     1,717,300        958,989  

British American Tobacco Malaysia Bhd

     309,597        2,114,672  

DiGi.Com Bhd

     4,334,047        5,199,064  

HAP Seng Consolidated Bhd

     705,600        1,798,660  

Heineken Malaysia Bhd

     562,900        3,026,970  

Lingkaran Trans Kota Holdings Bhd

     746,800        1,098,576  

Mah Sing Group Bhd

     1,335,000        345,140  

Malakoff Corp. Bhd

     7,205,857        1,658,018  

Malayan Banking Bhd

     7,006,065        19,199,661  

MISC Bhd

     2,784,100        5,074,433  

Petronas Gas Bhd

     337,900        1,558,463  

SP Setia Bhd Group

     1,788,993        1,382,908  

UOA Development Bhd

     808,759        505,997  

YTL Corp. Bhd

     12,416,278        4,333,499  

YTL Power International Bhd

     10,574,996        2,788,649  
     

 

 

 
Total Malaysia               62,977,761  
Mexico – 2.2%  

Alpek S.A.B. de C.V.

     1,807,788        2,501,697  

Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Class B

     3,934,168      5,636,097  

Concentradora Fibra Danhos S.A. de C.V.

     1,816,969        3,007,129  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     564,478        2,741,445  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     693,021        6,819,917  

Grupo Financiero Banorte S.A.B. de C.V. Class O

     3,198,094        19,470,468  

Grupo Financiero Interacciones S.A. de C.V. Class O

     201,402        975,812  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     1,799,560        3,355,906  

Macquarie Mexico Real Estate Management S.A. de C.V.*

     1,915,669        2,143,039  

Nemak S.A.B. de C.V.(a)

     2,362,666        1,933,779  

Prologis Property Mexico S.A. de C.V.

     675,465        1,286,283  
     

 

 

 
Total Mexico               49,871,572  
Philippines – 0.5%  

Globe Telecom, Inc.

     76,775        2,386,643  

Manila Electric Co.

     640,060        3,900,898  

PLDT, Inc.

     198,854        5,602,326  
     

 

 

 
Total Philippines               11,889,867  
Poland – 0.6%  

Asseco Poland S.A.

     128,903        1,693,468  

Bank Handlowy w Warszawie S.A.

     102,501        2,262,305  

Bank Pekao S.A.

     273,447        9,843,230  
     

 

 

 
Total Poland               13,799,003  
Russia – 14.0%  

Gazprom PJSC ADR

     18,937,638        92,150,546  

Lukoil PJSC ADR

     1,353,481        93,254,841  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     160,776        1,598,113  

MegaFon PJSC GDR Reg S

     412,785        4,082,444  

MMC Norilsk Nickel PJSC ADR

     1,969,381        36,502,477  

Mobile TeleSystems PJSC ADR

     1,994,930        22,722,253  

Novolipetsk Steel PJSC GDR

     362,889        9,035,936  

PhosAgro PJSC GDR Reg S

     125,506        1,824,857  

RusHydro PJSC ADR

     2,473,714        3,111,932  

Severstal PJSC GDR Reg S

     887,797        13,396,857  

Sistema PJSC FC GDR Reg S

     633,317        2,558,601  

Tatneft PJSC ADR

     613,917        38,750,441  

TMK PAO GDR Reg S

     306,861        1,730,696  
     

 

 

 
Total Russia               320,719,994  
Singapore – 0.1%  

IGG, Inc.(b)

     1,171,000        1,602,454  
South Africa – 12.6%  

Aeci Ltd.

     217,968        2,124,722  

African Rainbow Minerals Ltd.

     354,907        3,037,246  

Alexander Forbes Group Holdings Ltd.

     2,209,225        1,342,456  

Assore Ltd.

     132,669        3,269,488  

AVI Ltd.

     394,266        3,687,525  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      39  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Barclays Africa Group Ltd.

     814,902      $ 13,046,685  

Coronation Fund Managers Ltd.

     495,709        3,377,871  

Exxaro Resources Ltd.

     502,277        4,620,164  

FirstRand Ltd.(b)

     4,219,290        23,822,808  

Foschini Group Ltd. (The)

     428,836        8,098,074  

Hyprop Investments Ltd.

     392,431        3,584,250  

Imperial Holdings Ltd.(b)

     223,834        4,406,311  

Investec Ltd.

     239,313        1,863,809  

JSE Ltd.

     72,895        1,140,173  

Kumba Iron Ore Ltd.(b)

     179,635        4,291,228  

Lewis Group Ltd.

     612,472        2,181,354  

Liberty Holdings Ltd.(b)

     335,067        3,550,388  

Life Healthcare Group Holdings Ltd.

     2,355,615        5,489,063  

Mr. Price Group Ltd.

     365,031        8,780,153  

MTN Group Ltd.(b)

     4,544,840        45,652,652  

Nedbank Group Ltd.(b)

     355,421        8,565,200  

Netcare Ltd.

     2,335,268        5,518,515  

Raubex Group Ltd.

     318,839        546,254  

Resilient REIT Ltd.

     312,285        1,317,797  

Reunert Ltd.

     659,651        4,146,497  

RMB Holdings Ltd.

     998,157        6,499,235  

Sanlam Ltd.(b)

     1,424,412        10,254,444  

Santam Ltd.

     45,852        1,261,585  

Sasol Ltd.

     839,988        28,585,999  

SPAR Group Ltd. (The)

     178,215        3,046,670  

Standard Bank Group Ltd.(b)

     1,555,209        28,702,868  

Telkom S.A. SOC Ltd.

     1,214,093        5,424,545  

Truworths International Ltd.

     1,097,364        9,958,819  

Tsogo Sun Holdings Ltd.

     996,921        1,962,922  

Vodacom Group Ltd.

     992,999        12,828,219  

Woolworths Holdings Ltd.

     2,153,001        10,902,421  
     

 

 

 
Total South Africa               286,888,410  
South Korea – 2.6%  

Coway Co., Ltd.

     117,319        9,883,897  

Doosan Corp.

     20,490        2,047,270  

Grand Korea Leisure Co., Ltd.

     55,200        1,330,932  

Hite Jinro Co., Ltd.

     29,917        630,112  

Korea Electric Power Corp.

     588,476        18,136,257  

Meritz Securities Co., Ltd.

     361,247        1,448,852  

S-Oil Corp.

     106,461        11,985,477  

SK Telecom Co., Ltd.

     65,792        14,412,639  
     

 

 

 
Total South Korea               59,875,436  
Taiwan – 26.0%  

AcBel Polytech, Inc.

     920,000        653,154  

Advanced Semiconductor Engineering, Inc.

     8,423,343        12,133,635  

Arcadyan Technology Corp.(b)

     632,000        1,185,664  

Asia Cement Corp.

     3,269,158        3,201,100  

Asustek Computer, Inc.(b)

     1,748,000        16,546,558  

AU Optronics Corp.(b)

     14,933,000        6,965,353  

Aurora Corp.

     298,000        928,024  

Capital Securities Corp.

     2,936,000        1,132,833  

Cathay Financial Holding Co., Ltd.

     7,014,000        12,629,386  

Charoen Pokphand Enterprise

     257,000        576,458  

Chaun-Choung Technology Corp.(b)

     264,000      826,669  

Cheng Shin Rubber Industry Co., Ltd.(b)

     3,736,000        6,028,700  

Chicony Electronics Co., Ltd.

     1,376,967        3,546,669  

Chicony Power Technology Co., Ltd.

     440,000        905,443  

Chin-Poon Industrial Co., Ltd.

     535,000        948,640  

China Bills Finance Corp.

     3,338,000        1,705,807  

China Development Financial Holding Corp.(b)

     19,806,000        6,996,666  

China General Plastics Corp.(b)

     972,000        1,083,445  

China Metal Products Co., Ltd.

     594,000        598,951  

China Steel Chemical Corp.(b)

     147,000        773,896  

Chong Hong Construction Co., Ltd.(b)

     875,000        2,571,852  

Chunghwa Telecom Co., Ltd.(b)

     6,998,000        27,121,240  

Cleanaway Co., Ltd.

     378,000        2,463,216  

Compal Electronics, Inc.

     8,158,000        5,581,922  

CTBC Financial Holding Co., Ltd.

     17,436,000        12,677,683  

CTCI Corp.(b)

     1,316,000        2,186,789  

Darfon Electronics Corp.(b)

     1,065,000        1,134,144  

Elite Material Co., Ltd.(b)

     325,000        1,045,547  

Eternal Materials Co., Ltd.

     1,463,105        1,482,826  

Everlight Electronics Co., Ltd.(b)

     1,178,000        1,818,088  

Far Eastern Department Stores Ltd.

     1,523,000        848,810  

Far Eastern New Century Corp.

     2,979,402        2,702,788  

Far EasTone Telecommunications Co., Ltd.

     2,711,000        7,270,988  

Farglory Land Development Co., Ltd.

     2,653,000        2,993,576  

Feng Hsin Steel Co., Ltd.

     1,002,000        2,044,758  

Feng TAY Enterprise Co., Ltd.

     577,000        2,582,519  

First Financial Holding Co., Ltd.

     12,941,540        9,010,298  

Formosa Chemicals & Fibre Corp.

     9,228,000        34,339,541  

Formosa Petrochemical Corp.(b)

     4,695,000        19,081,438  

Formosa Plastics Corp.

     8,986,000        32,052,132  

Foxconn Technology Co., Ltd.(b)

     1,488,000        4,062,311  

Fubon Financial Holding Co., Ltd.

     6,088,000        10,481,792  

Gemtek Technology Corp.(b)

     910,000        831,756  

Getac Technology Corp.(b)

     1,341,000        1,943,178  

Gigabyte Technology Co., Ltd.

     1,535,000        3,516,754  

Grand Pacific Petrochemical(b)

     1,771,000        1,858,648  

Great Wall Enterprise Co., Ltd.(b)

     1,113,000        1,318,865  

Greatek Electronics, Inc.

     1,290,000        2,535,137  

HannStar Display Corp.(b)

     4,807,000        1,648,661  

Highwealth Construction Corp.*(b)

     3,150,000        4,877,817  

Holtek Semiconductor, Inc.

     456,000        1,201,111  

Hon Hai Precision Industry Co., Ltd.

     24,604,000        74,680,317  

Hsin Kuang Steel Co., Ltd.(b)

     1,226,000        1,669,314  

Hua Nan Financial Holdings Co., Ltd.

     5,226,000        3,154,563  

Huaku Development Co., Ltd.

     554,000        1,364,242  

Huang Hsiang Construction Corp.

     1,269,000        1,290,457  

IEI Integration Corp.

     425,000        556,084  

Inventec Corp.

     8,117,000        6,444,715  

ITEQ Corp.

     413,000        1,018,442  

Kenda Rubber Industrial Co., Ltd.

     802,543        1,011,539  

King Yuan Electronics Co., Ltd.

     2,287,000        2,392,341  

King’s Town Bank(b)

     1,409,000        1,788,010  

Kinsus Interconnect Technology Corp.(b)

     480,000        918,613  

LCY Chemical Corp.

     1,994,000        3,029,605  

 

See Notes to Financial Statements.

 

40   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Lien Hwa Industrial Corp.

     2,243,085      $ 3,015,706  

Lite-On Technology Corp.(b)

     5,786,651        8,216,461  

Long Chen Paper Co., Ltd.(b)

     877,772        981,424  

Makalot Industrial Co., Ltd.

     333,000        1,570,378  

Mega Financial Holding Co., Ltd.(b)

     13,056,302        11,284,385  

Merry Electronics Co., Ltd.(b)

     261,000        1,508,334  

Micro-Star International Co., Ltd.

     1,525,000        4,979,250  

Nan Ya Plastics Corp.

     12,837,000        35,926,165  

Novatek Microelectronics Corp.

     1,454,000        6,607,504  

OptoTech Corp.*

     1,051,746        826,045  

Pegatron Corp.(b)

     5,221,000        13,071,749  

Pou Chen Corp.

     3,040,000        4,107,967  

Powertech Technology, Inc.

     986,000        3,101,012  

Primax Electronics Ltd.

     460,000        986,041  

Qisda Corp.(b)

     4,043,000        3,050,588  

Quang Viet Enterprise Co., Ltd.

     107,000        442,209  

Quanta Computer, Inc.(b)

     5,329,990        10,803,663  

Radiant Opto-Electronics Corp.(b)

     1,354,170        3,339,329  

Realtek Semiconductor Corp.

     618,000        2,755,428  

Rechi Precision Co., Ltd.

     1,482,000        1,565,511  

Run Long Construction Co., Ltd.(b)

     1,607,000        2,810,886  

Sercomm Corp.(b)

     349,000        982,711  

Sheng Yu Steel Co., Ltd.

     1,211,000        1,156,715  

Shiny Chemical Industrial Co., Ltd.

     256,000        746,304  

Siliconware Precision Industries Co., Ltd.

     2,427,724        4,229,803  

SinoPac Financial Holdings Co., Ltd.(b)

     7,164,451        2,543,200  

Supreme Electronics Co., Ltd.(b)

     1,952,000        2,138,985  

Syncmold Enterprise Corp.

     664,324        1,540,224  

Taichung Commercial Bank Co., Ltd.

     6,380,000        2,231,917  

Taishin Financial Holding Co., Ltd.(b)

     6,512,000        3,182,632  

Taiwan Cement Corp.(b)

     5,650,485        7,083,213  

Taiwan Cooperative Financial Holding Co., Ltd.

     6,099,000        3,597,860  

Taiwan Fertilizer Co., Ltd.

     2,496,000        3,342,895  

Taiwan Mobile Co., Ltd.(b)

     2,928,253        11,047,358  

Taiwan Sakura Corp.

     512,000        674,308  

Taiwan Secom Co., Ltd.

     325,538        1,009,316  

Taiwan Styrene Monomer(b)

     3,656,000        2,708,427  

Test Research, Inc.

     1,263,000        2,412,769  

Thye Ming Industrial Co., Ltd.

     844,000        1,168,001  

Tong Hsing Electronic Industries Ltd.

     192,000        813,252  

Topco Scientific Co., Ltd.

     477,435        1,408,218  

Transcend Information, Inc.

     958,000        2,838,811  

Tripod Technology Corp.(b)

     658,000        2,211,613  

Tung Ho Steel Enterprise Corp.

     1,824,000        1,570,203  

TXC Corp.

     825,000        1,106,338  

United Microelectronics Corp.(b)

     12,941,000        6,879,497  

UPC Technology Corp.

     1,505,000        975,563  

Walsin Lihwa Corp.

     5,635,000        3,382,121  

Well Shin Technology Co., Ltd.

     554,000        1,014,631  

Wistron Corp.(b)

     4,342,223        3,708,247  

Wistron NeWeb Corp.(b)

     273,000        727,513  

WPG Holdings Ltd.

     3,282,000        4,311,164  

WT Microelectronics Co., Ltd.

     823,091        1,326,792  

YC INOX Co., Ltd.

     1,230,000      1,111,586  

Yulon Nissan Motor Co., Ltd.(b)

     220,000        2,014,611  

Yungtay Engineering Co., Ltd.

     545,000        1,054,224  
     

 

 

 
Total Taiwan               593,172,535  
Thailand – 5.4%  

Advanced Info Service PCL NVDR

     1,833,900        12,198,631  

Bangchak Corp. PCL NVDR

     2,406,100        2,789,291  

BTS Group Holdings PCL NVDR(b)

     8,413,143        2,246,554  

Glow Energy PCL NVDR

     812,500        2,234,570  

Hana Microelectronics PCL NVDR(b)

     990,900        1,021,955  

Intouch Holdings PCL NVDR

     3,140,759        5,825,520  

IRPC PCL NVDR

     23,149,800        5,478,366  

Jasmine International PCL NVDR(b)

     8,328,900        1,638,079  

KGI Securities Thailand PCL NVDR

     12,298,800        1,864,289  

Kiatnakin Bank PCL NVDR

     968,100        2,267,775  

Krung Thai Bank PCL NVDR(b)

     3,920,100        2,369,360  

Land & Houses PCL NVDR

     7,153,153        2,401,922  

MC Group PCL NVDR(b)

     1,345,100        546,299  

PTT Exploration & Production PCL NVDR

     2,726,500        9,983,506  

PTT Global Chemical PCL NVDR

     3,055,434        9,233,723  

PTT PCL NVDR

     1,648,200        29,095,184  

Sansiri PCL NVDR

     13,662,500        734,026  

Siam Cement PCL (The) NVDR

     472,400        7,553,566  

Siam City Cement PCL NVDR(b)

     176,765        1,475,397  

Siam Commercial Bank PCL (The) NVDR

     1,012,300        4,629,322  

Siamgas & Petrochemicals PCL NVDR(b)

     1,384,000        1,283,530  

Star Petroleum Refining PCL NVDR

     5,915,338        3,026,716  

Thai Oil PCL NVDR

     2,158,300        6,332,716  

Thai Vegetable Oil PCL NVDR

     1,813,897        1,986,760  

Thanachart Capital PCL NVDR

     536,300        921,846  

Tipco Asphalt PCL NVDR(b)

     1,357,600        751,087  

Tisco Financial Group PCL NVDR

     396,600        1,138,307  

TTW PCL NVDR(b)

     3,386,577        1,310,444  
     

 

 

 
Total Thailand               122,338,741  
Turkey – 2.0%  

Aksa Akrilik Kimya Sanayii AS

     494,539        2,071,087  

Alarko Holding AS

     392,710        669,155  

Cimsa Cimento Sanayi ve Ticaret AS

     382,186        1,303,411  

Enka Insaat ve Sanayi AS

     1,473,767        2,049,896  

Eregli Demir ve Celik Fabrikalari TAS

     3,621,273        9,580,184  

Ford Otomotiv Sanayi AS

     106,489        1,674,727  

Petkim Petrokimya Holding AS

     2,163,285        4,445,181  

Soda Sanayii AS

     696,511        970,551  

TAV Havalimanlari Holding AS

     249,717        1,505,337  

Tupras Turkiye Petrol Rafinerileri AS

     322,501        8,824,938  

Turk Traktor ve Ziraat Makineleri AS

     32,483        592,441  

Turkcell Iletisim Hizmetleri AS

     3,026,626        11,575,045  

Turkiye Is Bankasi AS Group C

     955,681        1,722,513  
     

 

 

 
Total Turkey               46,984,466  

TOTAL COMMON STOCKS

(Cost: $2,024,854,347)

 

 

     2,207,281,202  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      41  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2018

 

  

 

 

Investments   Shares      Value  
EXCHANGE-TRADED FUNDS – 3.1%  
United States – 3.1%  

iShares MSCI India ETF

    985,342      $ 33,629,722  

WisdomTree Global High Dividend Fund(b)(c)

    56,250        2,617,313  

WisdomTree India Earnings Fund(b)(c)

    1,279,125        33,538,657  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $70,431,859)

 

 

     69,785,692  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.4%  
United States – 5.4%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d)

    
(Cost: $124,481,158)(e)     124,481,158        124,481,158  

TOTAL INVESTMENTS IN SECURITIES – 105.2%

(Cost: $2,219,767,364)

 

 

     2,401,548,052  

Other Assets less Liabilities – (5.2)%

       (119,371,717
    

 

 

 
NET ASSETS – 100.0%            $ 2,282,176,335  
* Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $251,027,428 and the total market value of the collateral held by the Fund was $266,034,516. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $141,553,358.

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
 

Morgan Stanley & Co. International

    4/2/2018        1,092,725       USD       4,313,697       TRY      $ 3,793      $  

Morgan Stanley & Co. International

    4/3/2018        2,099,371       USD       24,726,808       ZAR        12,500         

State Street Bank and Trust

    4/2/2018        179,215       USD       691,878       MYR        343         
                                              $ 16,636      $  

 

CURRENCY LEGEND

MYR – Malaysian ringgit

TRY – Turkish New lira

USD – U.S. dollar

ZAR – South African rand

 

See Notes to Financial Statements.

 

42   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%  
Brazil – 5.3%  

CCR S.A.

     283,369      $ 1,065,746  

Estacio Participacoes S.A.

     91,507        962,811  

Grendene S.A.

     28,091        231,246  

Localiza Rent a Car S.A.

     44,566        385,105  

Lojas Renner S.A.

     44,584        460,784  

M. Dias Branco S.A.

     8,963        137,563  

Natura Cosmeticos S.A.

     11,435        110,098  

Odontoprev S.A.

     55,404        248,881  

Ser Educacional S.A.(a)

     3,655        22,005  

Smiles Fidelidade S.A.

     17,888        374,057  
     

 

 

 
Total Brazil               3,998,296  
Chile – 0.9%  

Aguas Andinas S.A. Class A

     768,990        500,497  

Empresas Lipigas S.A.

     15,793        141,297  

Forus S.A.

     12,023        47,420  
     

 

 

 
Total Chile               689,214  
China – 14.9%  

AAC Technologies Holdings, Inc.

     36,000        649,516  

ANTA Sports Products Ltd.

     175,000        882,994  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     26,000        48,831  

Brilliance China Automotive Holdings Ltd.

     108,000        225,404  

China Conch Venture Holdings Ltd.

     262,500        801,049  

China Lesso Group Holdings Ltd.

     108,000        82,153  

China Maple Leaf Educational Systems Ltd.

     54,000        72,383  

China Medical System Holdings Ltd.

     190,000        431,406  

China Overseas Property Holdings Ltd.

     135,000        42,143  

China Pioneer Pharma Holdings Ltd.

     214,000        67,895  

China Railway Signal & Communication Corp., Ltd. Class H(a)

     93,000        72,757  

China Yuhua Education Corp., Ltd.(a)(b)

     34,000        17,415  

Cogobuy Group(a)(b)

     49,000        24,849  

Consun Pharmaceutical Group Ltd.

     72,000        76,419  

Cosmo Lady China Holdings Co., Ltd.(a)

     124,000        67,148  

CSPC Pharmaceutical Group Ltd.

     282,000        749,169  

Geely Automobile Holdings Ltd.

     136,000        391,626  

Greentown Service Group Co., Ltd.

     64,000        54,065  

Guangzhou Automobile Group Co., Ltd. Class H

     234,000        431,130  

Haitian International Holdings Ltd.

     87,000        263,828  

Kingboard Laminates Holdings Ltd.

     116,000        168,200  

Logan Property Holdings Co., Ltd.(b)

     454,000        690,692  

Minth Group Ltd.

     66,000        300,638  

Shenzhou International Group Holdings Ltd.

     115,000        1,211,058  

Sino Biopharmaceutical Ltd.

     235,000        461,119  

Sunny Optical Technology Group Co., Ltd.

     13,500        249,245  

Tencent Holdings Ltd.

     38,300        1,998,863  

TravelSky Technology Ltd. Class H

     45,000        130,442  

Xiabuxiabu Catering Management China Holdings Co., Ltd.(a)(b)

     29,000        54,983  

Yadea Group Holdings Ltd.(a)

     80,000        27,216  

Yestar Healthcare Holdings Co., Ltd.(b)

     72,500        25,219  

YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a)

     39,000        179,638  

Zhou Hei Ya International Holdings Co., Ltd.(a)(b)

     60,500      55,040  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     46,864        226,907  
     

 

 

 
Total China               11,231,440  
India – 15.1%  

Adani Ports & Special Economic Zone Ltd.

     16,935        91,943  

AIA Engineering Ltd.

     1,676        37,040  

Ajanta Pharma Ltd.*

     2,962        63,142  

Alembic Pharmaceuticals Ltd.

     4,268        35,883  

Alkem Laboratories Ltd.

     1,792        54,631  

Amara Raja Batteries Ltd.

     3,716        45,295  

Asian Paints Ltd.

     14,449        248,210  

Aurobindo Pharma Ltd.

     6,786        58,042  

Bajaj Auto Ltd.

     7,105        298,997  

Bajaj Corp., Ltd.

     11,103        80,359  

Bajaj Holdings & Investment Ltd.

     2,111        86,241  

Balkrishna Industries Ltd.

     2,890        47,352  

Bata India Ltd.

     1,829        20,470  

Berger Paints India Ltd.

     9,312        36,650  

Bharat Forge Ltd.

     6,225        66,777  

Britannia Industries Ltd.

     949        72,324  

Cadila Healthcare Ltd.*

     11,504        66,646  

Care Ratings Ltd.

     4,104        76,056  

Castrol India Ltd.

     47,993        150,774  

Ceat Ltd.

     1,061        24,504  

Colgate-Palmolive India Ltd.

     4,495        72,840  

CRISIL Ltd.

     3,695        106,760  

Cummins India Ltd.

     6,483        69,604  

Dabur India Ltd.

     27,122        136,563  

DB Corp., Ltd.*

     6,832        32,635  

DCM Shriram Ltd.

     2,867        18,649  

Eicher Motors Ltd.

     301        130,941  

Emami Ltd.

     2,481        40,659  

Finolex Industries Ltd.

     3,367        34,059  

GHCL Ltd.

     6,496        25,741  

Godrej Consumer Products Ltd.

     14,409        241,613  

Greaves Cotton Ltd.

     26,014        45,370  

Gulf Oil Lubricants India Ltd.

     1,568        21,980  

Havells India Ltd.

     11,286        84,418  

Hero MotoCorp Ltd.

     13,613        739,449  

Hexaware Technologies Ltd.

     12,276        70,931  

Hindustan Unilever Ltd.

     69,176        1,414,189  

Hindustan Zinc Ltd.

     7,491        34,519  

Indraprastha Gas Ltd.

     8,322        35,657  

InterGlobe Aviation Ltd.(a)

     10,211        202,031  

ITC Ltd.

     375,155        1,469,635  

Kajaria Ceramics Ltd.

     2,456        21,560  

Kansai Nerolac Paints Ltd.

     4,797        37,201  

L&T Technology Services Ltd.(a)

     1,680        31,827  

Larsen & Toubro Infotech Ltd.(a)

     1,270        26,106  

Mahanagar Gas Ltd.

     1,916        28,144  

Marico Ltd.

     36,315        181,542  

Maruti Suzuki India Ltd.

     6,912        939,073  

Mindtree Ltd.

     8,656        102,451  

Motherson Sumi Systems Ltd.

     19,851        94,641  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      43  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Natco Pharma Ltd.

     4,658      $ 53,824  

Nestle India Ltd.

     1,485        186,782  

Persistent Systems Ltd.

     2,919        31,062  

PI Industries Ltd.

     2,854        38,735  

Pidilite Industries Ltd.

     4,261        59,961  

Rallis India Ltd.

     8,967        32,756  

Siemens Ltd.

     2,727        44,857  

Solar Industries India Ltd.

     1,126        18,448  

Sonata Software Ltd.

     9,391        45,053  

Sun Pharmaceutical Industries Ltd.

     51,482        390,802  

Sun TV Network Ltd.

     8,602        111,921  

Supreme Industries Ltd.

     2,749        50,327  

Supreme Petrochem Ltd.

     3,024        14,909  

Tata Consultancy Services Ltd.

     32,527        1,420,912  

Thyrocare Technologies Ltd.(a)

     2,688        24,598  

Titan Co., Ltd.

     5,503        79,505  

Torrent Pharmaceuticals Ltd.

     3,632        69,595  

TVS Motor Co., Ltd.

     1,520        14,433  

UPL Ltd.

     22,950        256,958  

Vakrangee Ltd.

     7,278        24,700  

Vardhman Textiles Ltd.

     1,877        35,173  

Voltas Ltd.

     4,836        46,038  

Welspun India Ltd.

     20,039        17,836  

Zee Entertainment Enterprises Ltd.

     17,395        153,489  
     

 

 

 
Total India               11,374,798  
Indonesia – 7.0%  

Ace Hardware Indonesia Tbk PT

     769,507        74,338  

Hanjaya Mandala Sampoerna Tbk PT

     1,919,700        554,960  

Kalbe Farma Tbk PT

     1,985,631        216,339  

Matahari Department Store Tbk PT

     816,900        649,723  

Nippon Indosari Corpindo Tbk PT

     375,500        32,866  

Pakuwon Jati Tbk PT

     1,333,400        61,016  

Surya Citra Media Tbk PT

     989,900        194,852  

Telekomunikasi Indonesia Persero Tbk PT

     11,219,000        2,933,604  

Unilever Indonesia Tbk PT

     163,265        587,303  
     

 

 

 
Total Indonesia               5,305,001  
Malaysia – 1.8%  

Fraser & Neave Holdings Bhd

     14,200        122,543  

Hai-O Enterprise Bhd

     28,600        37,192  

HAP Seng Consolidated Bhd

     100,400        255,932  

Hartalega Holdings Bhd

     133,600        208,966  

HeveaBoard Bhd

     143,600        28,958  

Inari Amertron Bhd

     147,550        104,902  

Kossan Rubber Industries

     22,800        45,388  

Lingkaran Trans Kota Holdings Bhd

     58,000        85,321  

Matrix Concepts Holdings Bhd

     189,900        97,699  

My EG Services Bhd

     77,850        58,367  

Padini Holdings Bhd

     46,900        54,199  

Petron Malaysia Refining & Marketing Bhd

     9,300        20,653  

Scientex Bhd

     33,300        72,747  

Serba Dinamik Holdings Bhd

     53,800        47,569  

SKP Resources Bhd

     135,600        55,390  

Sunway Construction Group Bhd

     84,400        44,949  
     

 

 

 
Total Malaysia               1,340,775  
Mexico – 5.8%  

America Movil S.A.B. de C.V. Series L

     2,928,321      2,767,335  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     104,660        508,292  

Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B

     26,641        447,220  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     296,746        553,386  

Promotora y Operadora de Infraestructura S.A.B. de C.V. Series L

     3,584        24,816  

Rassini S.A.B. de C.V.

     22,177        95,021  
     

 

 

 
Total Mexico               4,396,070  
Philippines – 0.3%  

D&L Industries, Inc.

     278,800        61,768  

Semirara Mining & Power Corp.

     283,330        164,533  
     

 

 

 
Total Philippines               226,301  
Poland – 0.4%  

CCC S.A.

     1,482        100,897  

CD Projekt S.A.

     2,041        65,187  

LiveChat Software S.A.

     2,352        25,406  

Warsaw Stock Exchange

     6,853        82,629  
     

 

 

 
Total Poland               274,119  
Russia – 10.0%  

Magnit PJSC GDR Reg S

     62,637        1,154,713  

MMC Norilsk Nickel PJSC ADR

     245,021        4,541,464  

Novatek PJSC GDR Reg S

     13,389        1,834,293  
     

 

 

 
Total Russia               7,530,470  
Singapore – 0.3%  

IGG, Inc.(b)

     168,000        229,899  
South Africa – 10.7%  

Astral Foods Ltd.

     4,782        126,250  

AVI Ltd.

     102,798        961,458  

City Lodge Hotels Ltd.

     3,148        43,891  

Clicks Group Ltd.

     32,319        496,729  

Mr. Price Group Ltd.

     57,995        1,394,963  

Naspers Ltd. Class N

     4,905        1,197,128  

Netcare Ltd.

     410,869        970,932  

Pick n Pay Stores Ltd.

     82,218        475,596  

RMB Holdings Ltd.

     293,589        1,911,627  

Santam Ltd.

     4,225        116,248  

Tsogo Sun Holdings Ltd.

     182,591        359,519  
     

 

 

 
Total South Africa               8,054,341  
South Korea – 7.7%  

BGF Co., Ltd.

     1,099        13,507  

Caregen Co., Ltd.

     666        56,922  

Com2uS Corp.

     430        75,318  

Cosmax, Inc.

     513        68,583  

Dongwon Development Co., Ltd.

     8,168        35,863  

DoubleUGames Co., Ltd.

     554        36,694  

Grand Korea Leisure Co., Ltd.

     8,771        211,478  

Hanssem Co., Ltd.

     511        74,068  

IS Dongseo Co., Ltd.

     3,664        106,562  

It’s Hanbul Co., Ltd.

     1,761        112,179  

 

See Notes to Financial Statements.

 

44   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Jeju Air Co., Ltd.

     928      $ 41,006  

Korea Asset In Trust Co., Ltd.

     8,480        48,609  

Korea Petrochemical Ind Co., Ltd.

     511        142,863  

Korea Real Estate Investment & Trust Co., Ltd.

     28,889        80,631  

LEENO Industrial, Inc.

     671        36,890  

Loen Entertainment, Inc.

     476        49,034  

Medy-Tox, Inc.

     95        65,250  

Modetour Network, Inc.

     1,980        73,096  

NAVER Corp.

     86        63,901  

NICE Information Service Co., Ltd.

     4,472        40,906  

Samjin Pharmaceutical Co., Ltd.

     2,023        81,611  

Samsung Electronics Co., Ltd.

     950        2,193,405  

SK Holdings Co., Ltd.

     2,910        808,106  

SK Hynix, Inc.

     15,657        1,194,215  

SK Materials Co., Ltd.

     767        107,217  
     

 

 

 
Total South Korea               5,817,914  
Taiwan – 13.6%  

Accton Technology Corp.

     57,000        188,847  

Advantech Co., Ltd.

     31,399        226,148  

Aerospace Industrial Development Corp.

     7,998        9,368  

ASMedia Technology, Inc.

     2,000        24,900  

Aten International Co., Ltd.

     18,000        58,710  

Catcher Technology Co., Ltd.

     86,000        1,050,039  

Charoen Pokphand Enterprise

     61,000        136,825  

China Steel Chemical Corp.

     38,000        200,055  

Chong Hong Construction Co., Ltd.

     128,000        376,225  

Chroma ATE, Inc.

     32,000        185,479  

Cleanaway Co., Ltd.

     33,000        215,043  

Cub Elecparts, Inc.

     7,618        103,465  

Eclat Textile Co., Ltd.

     35,483        416,201  

Elite Advanced Laser Corp.

     18,000        68,834  

Elite Material Co., Ltd.

     37,000        119,031  

Ennoconn Corp.

     4,050        68,827  

Feng TAY Enterprise Co., Ltd.

     92,680        414,814  

Flytech Technology Co., Ltd.

     7,000        19,663  

Formosa International Hotels Corp.

     19,000        98,724  

Foxsemicon Integrated Technology, Inc.

     3,000        23,614  

Grape King Bio Ltd.

     28,000        238,639  

Holtek Semiconductor, Inc.

     32,000        84,288  

Hota Industrial Manufacturing Co., Ltd.

     32,383        137,720  

Kung Long Batteries Industrial Co., Ltd.

     31,000        155,760  

Largan Precision Co., Ltd.

     4,000        459,581  

LCY Chemical Corp.

     287,000        436,056  

Merry Electronics Co., Ltd.

     26,000        150,255  

momo.com, Inc.

     9,000        83,651  

Nien Made Enterprise Co., Ltd.

     28,000        269,369  

Novatek Microelectronics Corp.

     119,000        540,779  

Posiflex Technology, Inc.

     16,000        73,807  

Ruentex Industries Ltd.*

     74,000        143,142  

Shiny Chemical Industrial Co., Ltd.

     24,000        69,966  

Sinbon Electronics Co., Ltd.

     30,000        84,371  

Standard Foods Corp.

     67,408        156,747  

Sunny Friend Environmental Technology Co., Ltd.

     11,000        86,583  

Taiwan Semiconductor Manufacturing Co., Ltd.

     333,291        2,829,150  

Thinking Electronic Industrial Co., Ltd.

     10,000      33,028  

Vivotek, Inc.

     9,175        27,849  

Voltronic Power Technology Corp.

     9,150        173,855  
     

 

 

 
Total Taiwan               10,239,408  
Thailand – 3.5%  

Amata Corp. PCL NVDR

     96,500        64,189  

Bangkok Aviation Fuel Services PCL NVDR

     53,000        61,017  

Bumrungrad Hospital PCL NVDR

     28,490        194,064  

Carabao Group PCL NVDR

     25,000        50,967  

Chularat Hospital PCL NVDR

     435,100        26,855  

Com7 PCL NVDR

     49,200        29,894  

CP ALL PCL NVDR

     446,517        1,256,588  

Eastern Polymer Group PCL NVDR

     126,900        27,596  

Energy Absolute PCL NVDR

     55,300        77,371  

Forth Smart Service PCL NVDR

     36,900        12,745  

Karmarts PCL NVDR

     105,800        22,838  

KCE Electronics PCL NVDR

     20,600        44,303  

Malee Group PCL NVDR

     20,000        13,879  

MCS Steel PCL NVDR

     140,600        44,963  

SPCG PCL NVDR

     143,200        99,832  

SVI PCL NVDR(b)

     205,900        28,577  

Syntec Construction PCL NVDR

     145,200        23,217  

Taokaenoi Food & Marketing PCL NVDR

     84,100        50,562  

Thai Vegetable Oil PCL NVDR

     218,100        238,885  

TIPCO Foods PCL NVDR(b)

     52,500        21,994  

TTW PCL NVDR

     531,300        205,588  

VGI Global Media PCL NVDR

     332,180        82,859  
     

 

 

 
Total Thailand               2,678,783  
Turkey – 2.5%  

Arcelik AS

     50,199        226,196  

BIM Birlesik Magazalar AS

     30,442        552,527  

EGE Endustri VE Ticaret AS

     263        25,427  

Petkim Petrokimya Holding AS

     338,185        694,912  

Sasa Polyester Sanayi AS(b)

     15,413        58,051  

Tofas Turk Otomobil Fabrikasi AS

     32,862        224,312  

Turk Traktor ve Ziraat Makineleri AS

     5,645        102,956  
     

 

 

 
Total Turkey               1,884,381  
TOTAL COMMON STOCKS
(Cost: $66,354,509)
              75,271,210  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%  
United States – 0.5%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $393,858)(d)      393,858        393,858  
TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $66,748,367)         75,665,068  

Other Assets less Liabilities – (0.3)%

        (223,082
     

 

 

 
NET ASSETS – 100.0%             $ 75,441,986  

 

* 

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.

 

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      45  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2018

 

  

 

 

(b) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $585,935 and the total market value of the collateral held by the Fund was $629,742. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $235,884.

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.

 

See Notes to Financial Statements.

 

46   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%  
Brazil – 4.3%  

AES Tiete Energia S.A.

     1,293,684      $ 4,725,395  

Alupar Investimento S.A.

     259,363        1,394,517  

Arezzo Industria e Comercio S.A.

     135,558        2,061,757  

Cia de Saneamento de Minas Gerais-COPASA

     199,264        2,882,601  

Cia Hering

     930,054        5,775,760  

Cia Paranaense de Energia

     142,077        984,485  

CVC Brasil Operadora e Agencia de Viagens S.A.

     208,956        3,813,089  

Cyrela Brazil Realty S.A. Empreendimentos e Participacoes

     193,572        890,515  

EcoRodovias Infraestrutura e Logistica S.A.

     805,424        2,120,430  

Ez Tec Empreendimentos e Participacoes S.A.

     382,126        2,653,589  

Grendene S.A.

     547,349        4,505,798  

Guararapes Confeccoes S.A.

     15,523        703,009  

Iguatemi Empresa de Shopping Centers S.A.

     144,019        1,701,223  

Instituto Hermes Pardini S.A.

     71,573        665,640  

Linx S.A.

     139,602        850,146  

Magnesita Refratarios S.A.

     212,149        3,714,969  

Mahle-Metal Leve S.A.

     89,599        663,177  

Minerva S.A.

     291,684        664,354  

MRV Engenharia e Participacoes S.A.

     1,394,618        6,818,673  

Multiplus S.A.

     365,963        3,396,907  

Odontoprev S.A.

     911,790        4,095,867  

Sao Martinho S.A.

     169,558        894,317  

SLC Agricola S.A.

     531,858        5,528,853  

Sul America S.A.

     730,158        4,822,171  

Tegma Gestao Logistica S.A.

     42,083        307,430  

TOTVS S.A.

     273,384        2,369,778  

Tupy S.A.

     691,383        3,530,139  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     261,769        1,433,444  

Wiz Solucoes e Corretagem de Seguros S.A.

     422,616        1,411,433  
     

 

 

 
Total Brazil               75,379,466  
Chile – 1.9%  

CAP S.A.

     163,194        1,853,479  

Empresas Lipigas S.A.

     264,271        2,364,391  

Engie Energia Chile S.A.

     861,843        1,892,852  

Forus S.A.

     253,236        998,779  

Grupo Security S.A.

     7,114,714        3,594,931  

Inversiones Aguas Metropolitanas S.A.

     1,560,446        2,872,101  

Inversiones La Construccion S.A.

     265,978        5,236,580  

Parque Arauco S.A.

     1,499,458        4,520,000  

Ripley Corp. S.A.

     2,295,303        2,367,767  

Salfacorp S.A.

     717,881        1,363,530  

Sociedad Matriz SAAM S.A.

     10,873,674        1,114,094  

SONDA S.A.

     533,352        1,036,014  

Vina Concha y Toro S.A.

     1,454,222        3,145,696  
     

 

 

 
Total Chile               32,360,214  
China – 20.7%  

Angang Steel Co., Ltd. Class H(a)

     1,022,000        976,645  

Anhui Expressway Co., Ltd. Class H

     2,091,666      1,599,072  

AviChina Industry & Technology Co., Ltd. Class H

     2,169,000        1,528,302  

BAIC Motor Corp., Ltd. Class H(b)

     4,981,500        6,106,040  

Bank of Chongqing Co., Ltd. Class H

     3,675,000        2,856,351  

BBMG Corp. Class H(a)

     3,960,000        1,786,170  

Beijing Capital International Airport Co., Ltd. Class H

     2,680,000        3,599,149  

Beijing Capital Land Ltd. Class H

     4,054,000        2,469,085  

Beijing Jingneng Clean Energy Co., Ltd. Class H

     8,390,000        2,041,831  

Beijing North Star Co., Ltd. Class H

     1,944,000        671,259  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     420,000        788,808  

Beijing Urban Construction Design & Development Group Co., Ltd. Class H(a)(b)

     1,476,000        819,969  

CECEP COSTIN New Materials Group Ltd.*

     4,614,000        1  

Central China Securities Co., Ltd. Class H(a)

     7,013,000        2,618,158  

CGN Meiya Power Holdings Co., Ltd.*(b)

     7,394,000        998,642  

China Aerospace International Holdings Ltd.

     8,584,000        929,679  

China Aoyuan Property Group Ltd.

     5,030,000        4,620,912  

China Coal Energy Co., Ltd. Class H(a)

     2,198,000        879,390  

China Communications Services Corp., Ltd. Class H

     7,804,000        4,663,527  

China Electronics Huada Technology Co., Ltd.

     4,936,000        723,265  

China High Speed Transmission Equipment Group Co., Ltd.(a)

     1,357,000        2,133,631  

China Lesso Group Holdings Ltd.

     3,104,000        2,361,133  

China Lilang Ltd.

     2,775,000        3,465,082  

China Maple Leaf Educational Systems Ltd.

     1,026,000        1,375,269  

China Merchants Securities Co., Ltd. Class H(b)

     1,806,400        2,587,049  

China National Building Material Co., Ltd. Class H(a)

     2,744,000        2,978,846  

China Oilfield Services Ltd. Class H

     2,112,000        2,177,042  

China Overseas Property Holdings Ltd.(a)

     2,960,000        924,022  

China Pioneer Pharma Holdings Ltd.

     3,290,000        1,043,806  

China Power Clean Energy Development Co., Ltd.

     1,599,000        869,963  

China Railway Signal & Communication Corp., Ltd. Class H(b)

     3,363,000        2,630,993  

China Reinsurance Group Corp. Class H

     24,138,000        5,013,180  

China Resources Phoenix Healthcare Holdings Co., Ltd.(a)

     525,000        633,481  

China Sanjiang Fine Chemicals Co., Ltd.

     3,988,000        1,631,115  

China SCE Property Holdings Ltd.

     7,686,000        3,976,041  

China Shineway Pharmaceutical Group Ltd.

     2,227,000        3,393,718  

China Silver Group Ltd.

     2,700,000        591,721  

China Singyes Solar Technologies Holdings Ltd.(a)

     2,638,000        964,675  

China South City Holdings Ltd.(a)

     9,286,000        2,094,240  

China Southern Airlines Co., Ltd. Class H

     3,858,000        3,981,729  

China Suntien Green Energy Corp., Ltd. Class H

     5,430,000        1,522,113  

China Travel International Investment Hong Kong Ltd.

     5,598,000        1,982,906  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      47  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

China Yongda Automobiles Services Holdings Ltd.(a)

     1,621,500      $ 1,727,220  

China ZhengTong Auto Services Holdings Ltd.

     1,518,500        1,102,844  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     13,294,000        10,180,159  

CITIC Resources Holdings Ltd.(a)

     7,918,000        887,815  

CITIC Telecom International Holdings Ltd.

     10,543,000        3,049,401  

Cogobuy Group(a)(b)

     1,267,000        642,516  

Colour Life Services Group Co., Ltd.*(a)

     989,000        928,727  

Consun Pharmaceutical Group Ltd.

     1,632,000        1,732,166  

COSCO Shipping Energy Transportation Co., Ltd. Class H

     7,952,000        4,093,381  

Cosmo Lady China Holdings Co., Ltd.(a)(b)

     2,334,000        1,263,904  

CPMC Holdings Ltd.

     2,987,000        1,918,184  

CSC Financial Co., Ltd. Class H(b)

     2,501,500        2,081,316  

Dah Chong Hong Holdings Ltd.

     2,520,000        1,271,511  

E-Commodities Holdings Ltd.

     23,100,000        2,178,051  

Everbright Securities Co., Ltd. Class H(b)

     2,263,800        2,624,846  

Fantasia Holdings Group Co., Ltd.

     8,481,000        1,642,537  

Fu Shou Yuan International Group Ltd.

     1,633,000        1,618,789  

Fufeng Group Ltd.*

     4,333,000        2,567,237  

Future Land Development Holdings Ltd.

     3,994,565        3,384,664  

Fuyao Glass Industry Group Co., Ltd. Class H(b)

     1,711,200        6,595,543  

Goodbaby International Holdings Ltd.

     1,061,000        724,610  

Greatview Aseptic Packaging Co., Ltd.

     3,897,000        2,621,735  

Greenland Hong Kong Holdings Ltd.

     2,774,000        1,328,981  

Greentown Service Group Co., Ltd.(a)

     802,000        677,505  

Guangshen Railway Co., Ltd. Class H

     2,408,665        1,424,029  

Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. Class H

     568,000        1,751,411  

Guangzhou R&F Properties Co., Ltd. Class H

     7,240,000        18,062,408  

Guotai Junan International Holdings Ltd.(a)

     8,769,000        2,525,125  

HC International, Inc.(a)

     908,000        658,298  

Hisense Kelon Electrical Holdings Co., Ltd. Class H

     1,395,000        1,590,822  

Huabao International Holdings Ltd.

     6,594,000        4,368,946  

Huadian Fuxin Energy Corp., Ltd. Class H

     9,872,000        2,528,283  

Huadian Power International Corp., Ltd. Class H(a)

     18,182,000        6,996,374  

Huaneng Renewables Corp., Ltd. Class H

     9,312,000        3,476,442  

Jiangnan Group Ltd.

     19,100,000        1,180,319  

Jiangsu Expressway Co., Ltd. Class H

     5,203,933        7,360,021  

Jiangxi Copper Co., Ltd. Class H

     1,914,000        2,731,394  

Legend Holdings Corp. Class H(b)

     593,900        1,963,700  

Livzon Pharmaceutical Group, Inc. Class H

     64,500        519,399  

Lonking Holdings Ltd.

     3,975,000        1,691,640  

Luye Pharma Group Ltd.(a)

     3,650,500        3,493,146  

Metallurgical Corp. of China Ltd. Class H

     9,177,000        2,619,227  

Orient Securities Co., Ltd. Class H(b)

     1,982,000        1,843,533  

Powerlong Real Estate Holdings Ltd.(a)

     7,445,000        3,917,772  

Qingdao Port International Co., Ltd. Class H(b)

     3,563,000        2,637,645  

Red Star Macalline Group Corp., Ltd. Class H(b)

     5,095,200        5,966,246  

Shandong Chenming Paper Holdings Ltd. Class H

     1,005,000      1,697,986  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     3,384,000        2,255,051  

Shanghai Dasheng Agricultural Finance Technology Co., Ltd. Class H(a)

     10,424,000        285,560  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     431,000        2,646,968  

Shanghai Industrial Urban Development Group Ltd.

     2,782,000        634,504  

Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H

     3,511,587        1,436,259  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     1,630,100        4,361,722  

Shenzhen Expressway Co., Ltd. Class H

     2,395,697        2,438,951  

Shougang Fushan Resources Group Ltd.

     14,424,000        3,675,700  

Shui On Land Ltd.

     13,237,500        3,592,609  

Sichuan Expressway Co., Ltd. Class H

     3,144,000        1,109,652  

Sinopec Engineering Group Co., Ltd. Class H

     2,340,500        2,329,078  

Sinopec Kantons Holdings Ltd.(a)

     2,488,000        1,226,834  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     23,712,000        14,411,559  

Sinotrans Ltd. Class H

     8,359,000        4,590,458  

SITC International Holdings Co., Ltd.

     4,892,000        4,861,894  

SSY Group Ltd.

     2,632,000        2,310,625  

Sun King Power Electronics Group(a)

     2,152,000        422,267  

TCL Multimedia Technology Holdings Ltd.(a)

     1,817,000        847,345  

Tian Ge Interactive Holdings Ltd.(a)(b)

     694,000        584,501  

Tianjin Port Development Holdings Ltd.*

     7,100,000        986,073  

Tianneng Power International Ltd.

     2,654,000        3,141,529  

Times China Holdings Ltd.

     3,528,000        5,394,289  

Tong Ren Tang Technologies Co., Ltd. Class H

     1,797,888        2,996,365  

TravelSky Technology Ltd. Class H

     1,339,000        3,881,382  

Tsaker Chemical Group Ltd.(b)

     1,081,500        581,518  

Virscend Education Co., Ltd.(b)

     1,694,000        1,053,313  

Weichai Power Co., Ltd. Class H

     7,041,076        7,894,890  

Wisdom Sports Group(a)

     4,986,000        501,884  

Xiabuxiabu Catering Management China Holdings Co., Ltd.(a)(b)

     448,000        849,386  

Xingda International Holdings Ltd.

     4,928,000        1,663,953  

Xinhua Winshare Publishing and Media Co., Ltd. Class H

     4,608,000        3,681,327  

Xinjiang Goldwind Science & Technology Co., Ltd. Class H(a)

     1,193,580        1,913,183  

XTEP International Holdings Ltd.

     4,747,000        2,637,121  

Yadea Group Holdings Ltd.(b)

     1,408,000        479,003  

Yangtze Optical Fibre and Cable Joint Stock Ltd. Co. Class H(b)

     122,000        564,275  

Yanzhou Coal Mining Co., Ltd. Class H

     3,170,000        4,039,091  

Yi Hua Holdings Ltd.

     2,436,000        310,386  

YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a)(b)

     566,200        2,607,970  

Yuexiu Property Co., Ltd.

     29,668,000        6,993,336  

Yuexiu Transport Infrastructure Ltd.

     4,022,000        3,095,305  

Yuzhou Properties Co., Ltd.

     11,793,000        8,039,008  

 

See Notes to Financial Statements.

 

48   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Zhaojin Mining Industry Co., Ltd. Class H(a)

     1,187,500      $ 933,562  

Zhejiang Expressway Co., Ltd. Class H

     6,382,000        6,513,490  

Zijin Mining Group Co., Ltd. Class H

     15,556,000        6,957,119  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H(a)

     6,444,000        2,463,209  
     

 

 

 
Total China               361,049,322  
Czech Republic – 1.1%  

Moneta Money Bank AS(b)

     4,520,921        18,727,017  
Hong Kong – 0.8%  

C&D International Investment Group Ltd.

     892,000        841,048  

Canvest Environmental Protection Group Co., Ltd.(a)

     851,000        487,940  

China Vast Industrial Urban Development Co., Ltd.(b)

     1,275,000        753,794  

China Water Affairs Group Ltd.(a)

     1,452,000        1,478,216  

Comba Telecom Systems Holdings Ltd.(a)

     3,686,000        493,138  

Concord New Energy Group Ltd.

     26,270,000        1,188,264  

CP Pokphand Co., Ltd.

     37,540,000        2,917,753  

Hua Han Health Industry Holdings Ltd.*(a)

     8,880,000        299,835  

Joy City Property Ltd.

     9,836,000        1,579,114  

Ju Teng International Holdings Ltd.

     1,980,000        489,431  

LVGEM China Real Estate Investment Co., Ltd.(a)

     2,688,000        1,072,008  

Pou Sheng International Holdings Ltd.(a)

     6,108,000        1,548,733  

Wasion Group Holdings Ltd.(a)

     1,762,000        898,029  
     

 

 

 
Total Hong Kong               14,047,303  
Hungary – 0.2%  

Magyar Telekom Telecommunications PLC

     2,275,914        4,066,120  
India – 3.4%  

AIA Engineering Ltd.

     20,477        452,542  

Allcargo Logistics Ltd.

     242,689        547,729  

Amara Raja Batteries Ltd.

     149,978        1,828,111  

Apollo Hospitals Enterprise Ltd.

     81,565        1,331,431  

Apollo Tyres Ltd.

     416,935        1,771,064  

Arvind Ltd.

     129,773        761,964  

Bajaj Corp., Ltd.

     72,435        524,257  

Balmer Lawrie & Co., Ltd.

     68,320        227,204  

Balrampur Chini Mills Ltd.

     293,251        340,139  

Banco Products India Ltd.

     46,891        152,417  

Bata India Ltd.

     46,154        516,548  

Care Ratings Ltd.

     61,693        1,143,305  

Ceat Ltd.

     22,797        526,498  

CESC Ltd.

     53,038        785,710  

Chennai Petroleum Corp., Ltd.

     249,089        1,250,186  

Coromandel International Ltd.

     116,125        935,011  

CRISIL Ltd.

     30,188        872,222  

Crompton Greaves Consumer Electricals Ltd.

     423,688        1,537,956  

DB Corp., Ltd.*

     229,912        1,098,240  

Engineers India Ltd.

     526,298        1,278,592  

Finolex Industries Ltd.

     48,877        494,415  

Gateway Distriparks Ltd.

     122,713        328,788  

GE T&D India Ltd.

     110,019        687,390  

GHCL Ltd.

     164,132        650,396  

Great Eastern Shipping Co., Ltd. (The)

     100,477      508,688  

Greaves Cotton Ltd.

     463,334        808,078  

Gujarat Pipavav Port Ltd.

     377,749        841,834  

Gulf Oil Lubricants India Ltd.

     21,164        296,668  

HeidelbergCement India Ltd.

     327,706        715,488  

Hexaware Technologies Ltd.

     267,360        1,544,802  

Indian Bank

     345,797        1,589,501  

Indian Hotels Co., Ltd. (The)

     566,619        1,124,173  

IRB Infrastructure Developers Ltd.

     694,446        2,374,385  

Jagran Prakashan Ltd.

     52,087        138,040  

Jain Irrigation Systems Ltd.

     497,315        811,680  

JSW Energy Ltd.

     653,686        729,640  

Jyothy Laboratories Ltd.

     42,242        256,379  

Kajaria Ceramics Ltd.

     59,615        523,331  

Karnataka Bank Ltd. (The)

     813,796        1,433,651  

Karur Vysya Bank Ltd. (The)

     901,386        1,388,253  

KPIT Technologies Ltd.

     310,182        1,029,871  

L&T Technology Services Ltd.(b)

     11,020        208,770  

Mindtree Ltd.

     268,490        3,177,790  

Mphasis Ltd.

     216,983        2,787,071  

Multi Commodity Exchange of India Ltd.

     55,373        566,578  

Natco Pharma Ltd.

     67,989        785,627  

NIIT Technologies Ltd.

     70,738        938,160  

Persistent Systems Ltd.

     65,502        697,033  

PI Industries Ltd.

     65,901        894,420  

Rallis India Ltd.

     267,947        978,790  

Redington India Ltd.

     369,157        830,893  

Reliance Infrastructure Ltd.

     414,794        2,718,795  

SJVN Ltd.

     1,404,834        712,953  

Sonata Software Ltd.

     290,835        1,395,276  

South Indian Bank Ltd. (The)

     2,953,956        1,032,635  

SRF Ltd.

     26,477        793,701  

Sundram Fasteners Ltd.

     62,435        527,745  

Supreme Industries Ltd.

     51,387        940,770  

Tata Global Beverages Ltd.

     394,357        1,564,508  

Torrent Power Ltd.

     125,519        441,191  

Vijaya Bank

     1,065,954        850,682  

Wockhardt Ltd.*

     85,802        955,742  
     

 

 

 
Total India               59,955,707  
Indonesia – 2.9%  

Ace Hardware Indonesia Tbk PT

     14,160,900        1,368,004  

Adhi Karya Persero Tbk PT

     5,547,400        834,074  

AKR Corporindo Tbk PT

     4,294,145        1,770,058  

Astra Agro Lestari Tbk PT

     1,867,466        1,827,790  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     20,738,100        3,102,995  

Bank Tabungan Negara Persero Tbk PT

     10,046,516        2,772,962  

Bukit Asam Tbk PT

     11,250,000        2,402,397  

Ciputra Development Tbk PT

     7,501,700        640,240  

Global Mediacom Tbk PT

     11,642,800        452,435  

Indo Tambangraya Megah Tbk PT

     3,374,600        6,985,735  

Japfa Comfeed Indonesia Tbk PT

     20,971,200        2,254,395  

Matahari Department Store Tbk PT

     14,377,000        11,434,767  

Media Nusantara Citra Tbk PT

     22,427,540        2,305,064  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      49  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Pakuwon Jati Tbk PT

     16,761,500      $ 767,005  

Puradelta Lestari Tbk PT

     107,303,700        1,340,566  

Summarecon Agung Tbk PT

     9,641,200        633,760  

Tower Bersama Infrastructure Tbk PT

     4,855,103        1,966,021  

Waskita Beton Precast Tbk PT

     57,601,000        1,732,109  

Waskita Karya Persero Tbk PT

     13,294,200        2,385,086  

Wijaya Karya Beton Tbk PT

     29,625,400        1,108,195  

Wijaya Karya Persero Tbk PT

     11,961,500        1,459,620  
     

 

 

 
Total Indonesia               49,543,278  
Malaysia – 5.1%  

7-Eleven Malaysia Holdings Bhd Class B

     2,288,700        887,552  

AirAsia Bhd

     12,693,400        12,896,862  

Alliance Bank Malaysia Bhd

     1,818,547        2,054,563  

Ann Joo Resources Bhd

     858,600        665,926  

Berjaya Sports Toto Bhd

     7,710,900        4,345,854  

Bermaz Auto Bhd

     3,940,180        2,200,307  

Bursa Malaysia Bhd

     1,346,700        3,794,992  

Cahya Mata Sarawak Bhd

     1,622,000        1,656,386  

Dialog Group Bhd

     6,315,676        5,012,700  

DRB-Hicom Bhd

     1,796,900        1,133,515  

Econpile Holdings Bhd

     1,360,600        346,482  

Felda Global Ventures Holdings Bhd

     1,263,400        555,269  

Fraser & Neave Holdings Bhd

     346,000        2,985,905  

Genting Plantations Bhd

     643,800        1,707,701  

George Kent Malaysia Bhd

     745,200        772,557  

Globetronics Technology Bhd

     801,800        841,600  

Hartalega Holdings Bhd

     2,700,288        4,223,563  

HeveaBoard Bhd

     1,907,500        384,656  

Inari Amertron Bhd

     2,870,850        2,041,065  

IOI Properties Group Bhd

     6,461,700        2,706,296  

Kossan Rubber Industries

     462,200        920,098  

KPJ Healthcare Bhd

     4,354,900        1,002,032  

LBS Bina Group Bhd

     5,509,480        1,253,449  

Lingkaran Trans Kota Holdings Bhd

     1,356,400        1,995,325  

Mah Sing Group Bhd

     6,318,277        1,633,474  

Malakoff Corp. Bhd

     6,913,163        1,590,671  

Malaysian Resources Corp. Bhd

     2,448,543        639,356  

Matrix Concepts Holdings Bhd

     3,236,700        1,665,210  

Muhibbah Engineering M Bhd

     1,523,600        1,162,001  

My EG Services Bhd

     1,264,700        948,198  

Padini Holdings Bhd

     1,320,100        1,525,555  

Pos Malaysia Bhd

     1,156,200        1,055,167  

QL Resources Bhd

     756,100        994,971  

Sapura Energy Bhd

     1,841,600        259,481  

Scientex Bhd

     587,500        1,283,448  

SKP Resources Bhd

     2,187,400        893,509  

SP Setia Bhd Group

     7,227,440        5,586,878  

Sunway Bhd

     5,072,161        1,993,197  

Sunway Construction Group Bhd

     3,089,400        1,645,337  

Top Glove Corp. Bhd

     2,031,980        5,064,190  

Tune Protect Group Bhd

     3,554,900        735,243  

Unisem M Bhd

     1,818,000        1,146,825  

UOA Development Bhd

     2,290,860        1,433,268  

VS Industry Bhd

     2,522,500      1,545,586  
     

 

 

 
Total Malaysia               89,186,220  
Mexico – 2.4%  

Banregio Grupo Financiero S.A.B. de C.V.(a)

     187,751        1,151,182  

Bolsa Mexicana de Valores S.A.B. de C.V.

     2,425,383        4,615,981  

Corp. Inmobiliaria Vesta S.A.B. de C.V.

     3,418,010        5,053,940  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     1,616,902        7,852,651  

Grupo Cementos de Chihuahua S.A.B. de C.V.

     96,332        516,082  

Grupo Comercial Chedraui S.A. de C.V.

     482,090        1,017,609  

Grupo Financiero Interacciones S.A. de C.V. Class O

     514,381        2,492,226  

Grupo Rotoplas S.A.B. de C.V.*(a)

     415,897        649,814  

Macquarie Mexico Real Estate Management S.A. de C.V.*

     7,335,893        8,206,587  

Megacable Holdings S.A.B. de C.V. Series CPO

     878,048        4,039,208  

Prologis Property Mexico S.A. de C.V.

     2,314,773        4,408,004  

Qualitas Controladora S.A.B. de C.V.

     522,563        1,440,566  

Unifin Financiera S.A.B. de C.V. SOFOM ENR

     210,566        719,479  
     

 

 

 
Total Mexico               42,163,329  
Philippines – 0.8%  

Cebu Air, Inc.

     583,720        1,058,309  

D&L Industries, Inc.

     6,655,900        1,474,624  

Energy Development Corp.

     21,953,100        2,351,930  

Filinvest Land, Inc.

     31,699,000        1,002,412  

Manila Water Co., Inc.

     2,801,945        1,492,867  

Petron Corp.

     3,964,100        702,754  

Pilipinas Shell Petroleum Corp.

     1,659,070        1,731,328  

Robinsons Land Corp.

     3,469,126        1,325,751  

Robinsons Retail Holdings, Inc.

     567,380        971,051  

Vista Land & Lifescapes, Inc.

     10,858,400        1,352,683  
     

 

 

 
Total Philippines               13,463,709  
Poland – 0.8%  

Asseco Poland S.A.

     550,690        7,234,709  

Enea S.A.

     324,916        874,588  

Energa S.A.

     420,345        1,181,772  

Eurocash S.A.(a)

     151,403        1,038,733  

Grupa Azoty S.A.

     68,193        1,114,883  

LiveChat Software S.A.

     65,363        706,049  

Warsaw Stock Exchange

     145,211        1,750,858  
     

 

 

 
Total Poland               13,901,592  
Russia – 0.1%  

TMK PAO GDR Reg S

     346,826        1,956,099  
Singapore – 0.4%  

IGG, Inc.(a)

     4,826,000        6,604,136  
South Africa – 12.5%  

Adcock Ingram Holdings Ltd.

     250,118        1,496,222  

Advtech Ltd.

     1,092,021        1,457,103  

Aeci Ltd.

     284,705        2,775,266  

African Rainbow Minerals Ltd.

     562,658        4,815,151  

 

See Notes to Financial Statements.

 

50   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Alexander Forbes Group Holdings Ltd.

     5,758,458      $ 3,499,179  

Astral Foods Ltd.

     87,754        2,316,802  

AVI Ltd.

     1,623,456        15,183,998  

Barloworld Ltd.

     622,419        8,723,190  

Blue Label Telecoms Ltd.

     1,537,025        1,673,394  

Capevin Holdings Ltd.

     2,764,403        2,011,111  

City Lodge Hotels Ltd.

     98,269        1,370,106  

Coronation Fund Managers Ltd.

     1,852,587        12,623,937  

Distell Group Ltd.

     368,093        4,256,039  

EOH Holdings Ltd.

     342,736        1,243,815  

Foschini Group Ltd. (The)

     1,187,674        22,427,856  

Harmony Gold Mining Co., Ltd.

     2,095,216        4,974,232  

Hosken Consolidated Investments Ltd.

     66,557        808,879  

Hyprop Investments Ltd.

     1,885,850        17,224,322  

Investec Ltd.

     1,387,099        10,802,954  

JSE Ltd.

     472,523        7,390,880  

KAP Industrial Holdings Ltd.

     4,241,525        3,078,562  

Lewis Group Ltd.(a)

     355,414        1,265,827  

Massmart Holdings Ltd.

     262,542        3,589,560  

Metair Investments Ltd.

     1,199,023        2,327,463  

Mpact Ltd.

     727,474        1,780,504  

Murray & Roberts Holdings Ltd.

     840,420        978,820  

Omnia Holdings Ltd.

     254,846        3,204,731  

Peregrine Holdings Ltd.

     797,228        1,412,285  

Pick n Pay Stores Ltd.

     1,287,245        7,446,167  

Pioneer Foods Group Ltd.

     486,427        5,098,785  

Raubex Group Ltd.

     962,505        1,649,022  

Reunert Ltd.

     599,186        3,766,420  

Rhodes Food Group Pty Ltd.(a)

     626,616        996,874  

Santam Ltd.

     200,774        5,524,155  

SPAR Group Ltd. (The)

     846,793        14,476,328  

Tongaat Hulett Ltd.

     15,352        131,704  

Trencor Ltd.

     632,242        2,016,985  

Truworths International Ltd.

     2,869,079        26,037,520  

Tsogo Sun Holdings Ltd.

     2,023,926        3,985,078  

Wilson Bayly Holmes-Ovcon Ltd.

     70,127        917,429  

Zeder Investments Ltd.

     3,515,033        1,833,350  
     

 

 

 
Total South Africa               218,592,005  
South Korea – 8.5%  

Able C&C Co., Ltd.*(a)

     37,025        656,509  

Aekyung Petrochemical Co., Ltd.

     33,991        463,992  

Ahnlab, Inc.

     13,201        1,057,665  

Bukwang Pharmaceutical Co., Ltd.

     62,678        1,484,773  

Caregen Co., Ltd.

     7,940        678,613  

Cheil Worldwide, Inc.

     130,545        2,204,531  

CJ CGV Co., Ltd.

     11,737        748,772  

CJ O Shopping Co., Ltd.

     4,631        970,603  

Com2uS Corp.

     12,252        2,146,025  

Cosmax, Inc.

     6,712        897,326  

Cuckoo Holdings Co., Ltd.

     4,664        378,056  

Daeduck Electronics Co.

     142,983        1,120,094  

Daewoong Pharmaceutical Co., Ltd.

     7,116        1,331,872  

Daishin Securities Co., Ltd.

     145,261        1,839,782  

DGB Financial Group, Inc.

     507,022        5,541,614  

Dongkuk Steel Mill Co., Ltd.

     84,554      801,197  

Dongkuk Structures & Construction Co., Ltd.

     118,059        551,031  

DONGSUNG Corp.

     228,023        1,435,439  

Dongwon Development Co., Ltd.

     104,287        457,888  

Doosan Heavy Industries & Construction Co., Ltd.*(a)

     288,827        4,308,424  

DTR Automotive Corp.

     14,189        467,243  

Eugene Corp.

     171,233        979,943  

Grand Korea Leisure Co., Ltd.

     118,027        2,845,758  

Green Cross Corp.

     7,763        1,503,949  

Green Cross Holdings Corp.

     39,134        1,475,923  

Halla Holdings Corp.

     21,857        1,010,930  

Hana Tour Service, Inc.

     20,160        2,269,631  

Hankook Tire Worldwide Co., Ltd.

     26,455        462,882  

Hanmi Semiconductor Co., Ltd.

     143,356        1,513,045  

Hansol Chemical Co., Ltd.

     19,146        1,269,934  

Hansol Paper Co., Ltd.

     71,170        1,061,641  

Hite Jinro Co., Ltd.

     128,202        2,700,192  

HMC Investment Securities Co., Ltd.

     94,289        933,248  

Hotel Shilla Co., Ltd.

     18,869        1,697,661  

Huchems Fine Chemical Corp.

     56,723        1,309,115  

Hyundai Corp.

     51,747        885,996  

Hyundai Department Store Co., Ltd.

     22,709        1,972,843  

Hyundai Elevator Co., Ltd.(a)

     15,343        1,147,234  

Hyundai Home Shopping Network Corp.

     12,808        1,279,719  

Hyundai Wia Corp.(a)

     36,135        1,874,721  

iMarketKorea, Inc.

     152,993        1,435,341  

Innocean Worldwide, Inc.

     16,630        993,837  

IS Dongseo Co., Ltd.

     56,100        1,631,579  

ISU Chemical Co., Ltd.

     52,611        597,235  

Jeju Air Co., Ltd.

     22,858        1,010,050  

KEPCO Plant Service & Engineering Co., Ltd.

     42,246        1,803,352  

Kginicis Co., Ltd.

     68,980        1,359,021  

KIWOOM Securities Co., Ltd.(a)

     15,018        1,528,711  

Kolon Industries, Inc.

     32,264        2,040,148  

Korea Asset In Trust Co., Ltd.

     139,104        797,378  

Korea Autoglass Corp.

     31,967        488,847  

Korea Petrochemical Ind Co., Ltd.

     7,216        2,017,420  

Korea Real Estate Investment & Trust Co., Ltd.

     428,914        1,197,128  

Korean Reinsurance Co.

     339,736        3,617,604  

Kumho Industrial Co., Ltd.

     67,272        703,708  

Kumho Petrochemical Co., Ltd.

     17,563        1,588,398  

Kyobo Securities Co., Ltd.

     70,326        644,606  

Kyungdong Pharm Co., Ltd.

     45,589        1,013,659  

LEENO Industrial, Inc.

     20,875        1,147,645  

LF Corp.

     30,739        803,153  

LG International Corp.

     53,879        1,379,957  

LIG Nex1 Co., Ltd.(a)

     11,459        517,638  

Lock&Lock Co., Ltd.

     71,646        1,673,689  

Loen Entertainment, Inc.

     6,229        641,659  

LOTTE Fine Chemical Co., Ltd.

     29,166        1,934,549  

LS Corp.

     44,423        3,104,901  

LS Industrial Systems Co., Ltd.

     26,633        1,534,165  

Mando Corp.

     13,620        2,964,481  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      51  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Medy-Tox, Inc.

     1,309      $ 899,070  

Meritz Financial Group, Inc.

     109,971        1,526,945  

Meritz Fire & Marine Insurance Co., Ltd.

     210,360        4,154,309  

Meritz Securities Co., Ltd.

     1,800,404        7,220,872  

Mirae Asset Life Insurance Co., Ltd.

     100,139        472,558  

Modetour Network, Inc.

     22,463        829,270  

Moorim P&P Co., Ltd.

     155,684        952,303  

Muhak Co., Ltd.

     51,956        848,142  

Nexen Tire Corp.

     94,512        1,112,793  

NICE Information Service Co., Ltd.

     69,634        636,956  

NongShim Co., Ltd.

     4,165        1,195,694  

NS Shopping Co., Ltd.

     75,186        976,945  

OCI Co., Ltd.

     7,742        1,140,345  

Paradise Co., Ltd.(a)

     138,838        2,735,339  

Partron Co., Ltd.

     132,601        1,082,305  

Poongsan Corp.

     31,640        1,165,091  

POSCO Chemtech Co., Ltd.

     49,668        2,211,039  

Posco Daewoo Corp.

     129,107        2,773,760  

S&T Motiv Co., Ltd.

     20,066        734,191  

Seah Besteel Corp.

     42,565        1,030,281  

SeAH Steel Corp.

     7,807        610,116  

SFA Engineering Corp.

     21,741        705,731  

Shinsegae, Inc.

     4,999        1,676,651  

Silicon Works Co., Ltd.

     34,511        1,207,675  

SK Discovery Co., Ltd.(a)

     6,687        260,353  

SK Gas Ltd.

     12,756        1,148,866  

SK Materials Co., Ltd.(a)

     11,422        1,596,658  

SK Networks Co., Ltd.

     244,690        1,326,868  

SKC Co., Ltd.

     54,564        1,958,038  

Soulbrain Co., Ltd.

     11,546        638,014  

Ssangyong Cement Industrial Co., Ltd.

     89,049        1,996,689  

Sungwoo Hitech Co., Ltd.

     4        24  

Youlchon Chemical Co., Ltd.

     67,615        1,021,298  

Youngone Corp.

     19,712        518,737  

Yuhan Corp.

     5,052        1,052,204  
     

 

 

 
Total South Korea               147,321,803  
Taiwan – 25.6%  

AcBel Polytech, Inc.(a)

     1,822,303        1,293,743  

Accton Technology Corp.(a)

     1,190,633        3,944,684  

Acer, Inc.*(a)

     8,039,000        6,810,142  

Adlink Technology, Inc.

     437,000        912,758  

Alpha Networks, Inc.(a)

     967,000        784,359  

Altek Corp.(a)

     902,000        889,409  

Arcadyan Technology Corp.(a)

     994,000        1,864,794  

Asia Optical Co., Inc.(a)

     101,000        355,061  

Asia Vital Components Co., Ltd.(a)

     1,106,000        1,122,804  

Aten International Co., Ltd.

     576,000        1,878,712  

Aurora Corp.

     280,000        871,969  

BES Engineering Corp.(a)

     4,001,000        1,097,781  

Capital Securities Corp.(a)

     4,887,000        1,885,611  

Chang Wah Electromaterials, Inc.

     219,000        1,130,415  

Charoen Pokphand Enterprise

     684,000        1,534,232  

Chaun-Choung Technology Corp.(a)

     466,000        1,459,197  

Cheng Loong Corp.(a)

     1,538,000        854,532  

Cheng Uei Precision Industry Co., Ltd.

     947,820      1,324,679  

Chicony Electronics Co., Ltd.

     2,613,550        6,731,749  

Chicony Power Technology Co., Ltd.(a)

     545,000        1,121,515  

Chilisin Electronics Corp.(a)

     327,143        1,262,256  

Chin-Poon Industrial Co., Ltd.(a)

     949,650        1,683,881  

China Bills Finance Corp.(a)

     4,852,000        2,479,501  

China General Plastics Corp.(a)

     1,315,530        1,466,362  

China Metal Products Co., Ltd.

     1,456,000        1,468,135  

China Steel Chemical Corp.(a)

     555,726        2,925,676  

China Synthetic Rubber Corp.(a)

     1,920,609        3,076,189  

Chong Hong Construction Co., Ltd.

     1,487,000        4,370,679  

Chroma ATE, Inc.(a)

     723,132        4,191,423  

Chung-Hsin Electric & Machinery Manufacturing Corp.(a)

     1,650,000        1,244,984  

Cleanaway Co., Ltd.(a)

     300,161        1,955,983  

Clevo Co.

     642,000        647,351  

Compeq Manufacturing Co., Ltd.(a)

     2,237,000        2,305,513  

CTCI Corp.

     2,306,190        3,832,181  

Cub Elecparts, Inc.(a)

     119,143        1,618,158  

CyberPower Systems, Inc.

     243,000        771,746  

CyberTAN Technology, Inc.(a)

     1,162,000        745,255  

Darfon Electronics Corp.

     431,000        458,982  

DFI, Inc.

     324,000        716,740  

Elan Microelectronics Corp.

     1,021,156        1,549,753  

Elite Advanced Laser Corp.(a)

     351,920        1,345,786  

Elite Material Co., Ltd.(a)

     805,163        2,590,263  

Elite Semiconductor Memory Technology, Inc.(a)

     396,000        603,025  

Ennoconn Corp.(a)

     53,000        900,693  

Eternal Materials Co., Ltd.(a)

     2,693,509        2,729,814  

Eva Airways Corp.

     2,560,840        1,321,832  

Everest Textile Co., Ltd.

     1,700,120        775,512  

Evergreen International Storage & Transport Corp.

     1,173,000        531,042  

Everlight Chemical Industrial Corp.(a)

     2,331,000        1,415,053  

Everlight Electronics Co., Ltd.(a)

     1,936,165        2,988,216  

Far Eastern Department Stores Ltd.

     3,249,841        1,811,226  

Far Eastern International Bank(a)

     7,621,676        2,572,188  

Faraday Technology Corp.(a)

     395,200        940,662  

Farglory Land Development Co., Ltd.

     1,999,640        2,256,342  

Feng Hsin Steel Co., Ltd.

     1,002,950        2,046,696  

FLEXium Interconnect, Inc.(a)

     453,028        1,541,324  

Flytech Technology Co., Ltd.(a)

     639,655        1,796,747  

Formosa Laboratories, Inc.(a)

     283,000        612,453  

Foxsemicon Integrated Technology, Inc.(a)

     144,950        1,140,928  

Gemtek Technology Corp.(a)

     1,407,000        1,286,022  

Getac Technology Corp.

     2,049,292        2,969,530  

Giant Manufacturing Co., Ltd.

     920,000        4,827,657  

Gigabyte Technology Co., Ltd.(a)

     2,452,000        5,617,642  

Global Unichip Corp.(a)

     108,000        1,177,899  

Globe Union Industrial Corp.

     955,000        686,190  

Grand Pacific Petrochemical(a)

     2,552,000        2,678,300  

Grape King Bio Ltd.(a)

     260,988        2,224,355  

Great Wall Enterprise Co., Ltd.

     2,003,446        2,374,012  

 

See Notes to Financial Statements.

 

52   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Greatek Electronics, Inc.

     1,554,000      $ 3,053,956  

HannStar Display Corp.(a)

     8,703,000        2,984,875  

Highwealth Construction Corp.*(a)

     7,957,613        12,322,469  

Hiwin Technologies Corp.

     181,040        2,632,677  

Holtek Semiconductor, Inc.

     878,773        2,314,702  

Hota Industrial Manufacturing Co., Ltd.(a)

     409,427        1,741,227  

Hsin Kuang Steel Co., Ltd.(a)

     542,000        737,984  

Huaku Development Co., Ltd.

     1,228,296        3,024,716  

Huang Hsiang Construction Corp.

     1,759,000        1,788,742  

Hung Sheng Construction Ltd.(a)

     1,274,000        1,387,300  

IEI Integration Corp.

     1,313,620        1,718,785  

Inventec Corp.(a)

     14,806,992        11,756,417  

ITEQ Corp.

     902,000        2,224,296  

Jentech Precision Industrial Co., Ltd.

     177,000        407,943  

Kenda Rubber Industrial Co., Ltd.(a)

     1,474,039        1,857,905  

Kindom Construction Corp.(a)

     1,857,187        1,321,694  

King Slide Works Co., Ltd.(a)

     119,004        1,653,003  

King Yuan Electronics Co., Ltd.(a)

     3,754,000        3,926,913  

King’s Town Bank

     3,089,000        3,919,916  

Kinik Co.(a)

     615,495        1,646,555  

Kinsus Interconnect Technology Corp.(a)

     851,368        1,629,329  

Kung Long Batteries Industrial Co., Ltd.

     342,000        1,718,387  

L&K Engineering Co., Ltd.(a)

     610,000        773,039  

LCY Chemical Corp.(a)

     3,017,000        4,583,911  

Lien Hwa Industrial Corp.(a)

     2,930,300        3,939,629  

Lion Travel Service Co., Ltd.

     278,000        1,101,245  

Lite-On Semiconductor Corp.(a)

     600,000        833,419  

Long Chen Paper Co., Ltd.(a)

     1,943,242        2,172,709  

Lotes Co., Ltd.(a)

     229,233        1,690,335  

Makalot Industrial Co., Ltd.(a)

     724,667        3,417,420  

Marketech International Corp.(a)

     559,000        1,031,457  

Meiloon Industrial Co.

     713,000        728,724  

Mercuries & Associates Holding Ltd.(a)

     702,000        606,729  

Merida Industry Co., Ltd.

     607,043        2,779,444  

Merry Electronics Co., Ltd.(a)

     537,146        3,104,198  

Micro-Star International Co., Ltd.

     2,986,877        9,752,399  

Mirle Automation Corp.(a)

     732,560        1,156,991  

momo.com, Inc.

     127,000        1,180,403  

Namchow Holdings Co., Ltd.(a)

     530,086        1,107,187  

Nan Kang Rubber Tire Co., Ltd.(a)

     2,452,000        2,186,508  

Nan Ya Printed Circuit Board Corp.*(a)

     598,000        696,303  

Nantex Industry Co., Ltd.

     2,176,300        1,810,038  

Novatek Microelectronics Corp.

     2,644,000        12,015,296  

Nuvoton Technology Corp.(a)

     506,000        1,239,099  

OptoTech Corp.*

     2,107,485        1,655,225  

Pan-International Industrial Corp.(a)

     1,026,000        767,116  

Posiflex Technology, Inc.

     357,727        1,650,179  

Powertech Technology, Inc.

     2,036,000        6,403,306  

Primax Electronics Ltd.

     1,110,000        2,379,360  

Prince Housing & Development Corp.

     2,941,460        1,205,558  

Qisda Corp.(a)

     7,394,000        5,579,038  

Quang Viet Enterprise Co., Ltd.

     272,000        1,124,121  

Radiant Opto-Electronics Corp.(a)

     2,184,252        5,386,278  

Realtek Semiconductor Corp.

     1,282,770        5,719,385  

Rechi Precision Co., Ltd.(a)

     1,612,000      1,702,836  

Ruentex Industries Ltd.*(a)

     1,095,000        2,118,119  

Run Long Construction Co., Ltd.(a)

     1,479,000        2,586,995  

Sanyang Motor Co., Ltd.

     2,912,000        2,122,303  

SDI Corp.(a)

     571,000        1,660,692  

Sercomm Corp.(a)

     846,488        2,383,533  

Sheng Yu Steel Co., Ltd.

     610,000        582,656  

Shin Zu Shing Co., Ltd.(a)

     327,000        1,003,756  

Shinkong Synthetic Fibers Corp.

     3,843,000        1,274,542  

Shiny Chemical Industrial Co., Ltd.

     274,000        798,779  

Sigurd Microelectronics Corp.

     1,177,000        1,501,677  

Sinbon Electronics Co., Ltd.

     583,120        1,639,944  

Sincere Navigation Corp.

     824,000        503,042  

Sinon Corp.

     2,287,000        1,349,124  

Sinyi Realty, Inc.

     1,011,000        1,494,464  

Sitronix Technology Corp.(a)

     664,000        1,990,383  

Standard Foods Corp.

     789,896        1,836,778  

Sunny Friend Environmental Technology Co., Ltd.

     186,000        1,464,039  

Sunonwealth Electric Machine Industry Co., Ltd.(a)

     887,000        1,344,631  

Sunspring Metal Corp.(a)

     777,000        951,363  

Supreme Electronics Co., Ltd.(a)

     1,978,000        2,167,476  

Syncmold Enterprise Corp.

     835,220        1,936,443  

Synnex Technology International Corp.

     2,956,600        4,411,020  

Systex Corp.

     763,000        1,669,561  

TA Chen Stainless Pipe

     2,449,605        2,495,225  

Taichung Commercial Bank Co., Ltd.(a)

     11,156,027        3,902,715  

Taiflex Scientific Co., Ltd.(a)

     521,000        776,398  

Tainan Spinning Co., Ltd.(a)

     3,130,000        1,427,753  

Taiwan Business Bank

     4,340,000        1,297,966  

Taiwan Cogeneration Corp.(a)

     2,394,970        2,213,686  

Taiwan Fertilizer Co., Ltd.(a)

     2,853,000        3,821,026  

Taiwan FU Hsing Industrial Co., Ltd.

     1,438,000        1,819,879  

Taiwan Hon Chuan Enterprise Co., Ltd.(a)

     1,013,692        1,936,504  

Taiwan Paiho Ltd.(a)

     392,000        1,115,890  

Taiwan PCB Techvest Co., Ltd.

     752,302        766,312  

Taiwan Sakura Corp.

     759,000        999,609  

Taiwan Secom Co., Ltd.(a)

     701,674        2,175,509  

Taiwan Styrene Monomer(a)

     4,325,000        3,204,033  

Taiwan Surface Mounting Technology Corp.(a)

     1,645,000        1,559,977  

Taiwan TEA Corp.(a)

     2,948,000        1,496,395  

Teco Electric and Machinery Co., Ltd.

     4,511,683        3,798,807  

Test Research, Inc.

     1,297,115        2,477,940  

Thinking Electronic Industrial Co., Ltd.(a)

     189,000        624,231  

Thye Ming Industrial Co., Ltd.

     1,190,000        1,646,826  

Ton Yi Industrial Corp.(a)

     2,646,538        1,189,068  

Tong Hsing Electronic Industries Ltd.(a)

     532,918        2,257,275  

Tong Yang Industry Co., Ltd.(a)

     1,013,685        1,814,808  

Topco Scientific Co., Ltd.

     805,521        2,375,924  

Transcend Information, Inc.(a)

     1,060,479        3,142,483  

Tripod Technology Corp.

     1,326,928        4,459,956  

TSRC Corp.(a)

     1,578,011        1,656,108  

Tung Ho Steel Enterprise Corp.(a)

     2,727,153        2,347,688  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      53  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

TXC Corp.(a)

     1,623,549      $ 2,177,205  

TYC Brother Industrial Co., Ltd.(a)

     927,000        991,954  

U-Ming Marine Transport Corp.*(a)

     727,420        880,678  

Unimicron Technology Corp.(a)

     1,186,000        766,749  

UPC Technology Corp.

     1,489,000        965,192  

USI Corp.

     1,987,540        991,827  

Visual Photonics Epitaxy Co., Ltd.(a)

     642,750        2,457,956  

Vivotek, Inc.

     307,625        933,732  

Voltronic Power Technology Corp.

     112,315        2,134,050  

Walsin Lihwa Corp.(a)

     8,706,000        5,225,332  

Wan Hai Lines Ltd.

     1,942,000        1,195,559  

Well Shin Technology Co., Ltd.(a)

     622,000        1,139,171  

Wistron Corp.(a)

     11,774,748        10,055,603  

Wistron NeWeb Corp.(a)

     773,648        2,061,682  

Wowprime Corp.

     120,000        530,919  

WPG Holdings Ltd.(a)

     6,314,759        8,294,930  

WT Microelectronics Co., Ltd.(a)

     1,974,678        3,183,108  

Yageo Corp.(a)

     418,731        7,496,573  

YC INOX Co., Ltd.(a)

     2,455,000        2,218,652  

Yieh Phui Enterprise Co., Ltd.(a)

     3,015,000        1,111,611  

Yulon Motor Co., Ltd.

     993,000        769,688  

Yungtay Engineering Co., Ltd.(a)

     1,255,790        2,429,144  

Zeng Hsing Industrial Co., Ltd.

     507,000        2,269,215  

Zinwell Corp.(a)

     908,186        851,901  
     

 

 

 
Total Taiwan               446,372,721  
Thailand – 6.4%  

Amata Corp. PCL NVDR(a)

     2,276,600        1,514,336  

Ananda Development PCL NVDR(a)

     6,388,800        788,640  

AP Thailand PCL NVDR

     5,583,200        1,410,530  

Bangkok Aviation Fuel Services PCL NVDR

     1,086,700        1,251,078  

Bangkok Chain Hospital PCL NVDR

     2,445,800        1,337,486  

Bangkok Land PCL NVDR

     59,907,614        3,563,421  

Bangkok Life Assurance PCL NVDR(a)

     477,800        488,954  

Bangkok Ranch PCL NVDR

     1,690,400        386,516  

Banpu PCL NVDR

     6,899,486        4,479,039  

BCPG PCL NVDR

     2,373,700        1,563,742  

Beauty Community PCL NVDR

     4,839,100        3,296,221  

BEC World PCL NVDR(a)

     1,790,800        744,496  

Carabao Group PCL NVDR(a)

     669,600        1,365,110  

Central Plaza Hotel PCL NVDR

     1,109,700        1,747,769  

CH Karnchang PCL NVDR(a)

     1,714,525        1,321,396  

Dhipaya Insurance PCL NVDR(a)

     2,186,944        1,748,436  

Eastern Polymer Group PCL NVDR(a)

     1,967,100        427,767  

Eastern Water Resources Development and Management PCL NVDR(a)

     2,107,400        801,985  

Forth Smart Service PCL NVDR(a)

     1,308,805        452,034  

GFPT PCL NVDR(a)

     2,618,500        1,096,973  

Global Power Synergy PCL NVDR(a)

     1,536,500        3,734,378  

Gunkul Engineering PCL NVDR(a)

     7,593,133        845,030  

Hana Microelectronics PCL

     2,576,547        2,657,296  

Inter Far East Energy Corp. NVDR*

     4,230,700        0  

Jasmine International PCL NVDR(a)

     15,874,400        3,122,084  

Karmarts PCL NVDR(a)

     2,335,400        504,124  

KCE Electronics PCL NVDR(a)

     699,200        1,503,716  

KGI Securities Thailand PCL NVDR

     9,167,600      1,389,652  

Khon Kaen Sugar Industry PCL NVDR(a)

     4,094,900        479,288  

Kiatnakin Bank PCL NVDR

     2,683,506        6,286,115  

LPN Development PCL NVDR(a)

     4,840,618        1,609,927  

Major Cineplex Group PCL NVDR(a)

     2,329,300        2,122,963  

Malee Group PCL NVDR(a)

     405,400        281,330  

MC Group PCL NVDR(a)

     2,355,800        956,785  

MCS Steel PCL NVDR(a)

     2,297,600        734,762  

Mega Lifesciences PCL NVDR

     395,200        524,490  

Polyplex Thailand PCL NVDR(a)

     1,337,900        658,895  

Pruksa Holding PCL NVDR(a)

     3,420,400        2,340,792  

Quality Houses PCL NVDR

     32,286,444        3,014,916  

Ratchaburi Electricity Generating Holding PCL NVDR

     2,060,000        3,442,117  

Robinson PCL NVDR

     1,216,900        2,461,430  

Sansiri PCL

     37,868,124        2,034,488  

Siam City Cement PCL NVDR(a)

     410,454        3,425,919  

Siam Global House PCL NVDR(a)

     1,659,279        833,088  

Siamgas & Petrochemicals PCL NVDR(a)

     1,983,200        1,839,232  

Sino-Thai Engineering & Construction PCL NVDR(a)

     998,600        609,954  

Somboon Advance Technology PCL NVDR(a)

     1,328,500        879,435  

SPCG PCL NVDR

     3,280,300        2,286,874  

Sri Trang Agro-Industry PCL NVDR(a)

     2,742,520        964,750  

Star Petroleum Refining PCL NVDR

     10,346,570        5,294,056  

Supalai PCL

     3,584,627        2,464,646  

Taokaenoi Food & Marketing PCL NVDR(a)

     1,297,380        780,005  

Thai Vegetable Oil PCL NVDR

     3,424,600        3,750,961  

Thanachart Capital PCL

     1,385,866        2,382,165  

Tipco Asphalt PCL NVDR(a)

     4,073,500        2,253,647  

Tisco Financial Group PCL NVDR

     2,047,957        5,877,971  

TPI Polene PCL NVDR(a)

     12,003,110        656,390  

TPI Polene Power PCL NVDR(a)

     9,763,400        2,123,157  

TTW PCL

     8,057,524        3,117,878  

Unique Engineering & Construction PCL NVDR(a)

     1,728,800        718,721  

Vibhavadi Medical Center PCL NVDR

     10,074,500        779,670  
     

 

 

 
Total Thailand               111,529,026  
Turkey – 1.8%  

AG Anadolu Grubu Holding AS Class A

     160,588        972,106  

Aksa Akrilik Kimya Sanayii AS

     830,288        3,477,174  

Alarko Holding AS

     874,038        1,489,311  

Anadolu Cam Sanayii AS

     1        1  

Aselsan Elektronik Sanayi ve Ticaret AS

     1        7  

Borusan Mannesmann Boru Sanayi ve Ticaret AS

     278,222        868,083  

Cimsa Cimento Sanayi ve Ticaret AS

     298,814        1,019,078  

EGE Endustri VE Ticaret AS

     6,488        627,279  

Is Gayrimenkul Yatirim Ortakligi AS

     2,977,005        961,924  

Kordsa Teknik Tekstil AS

     320,590        650,665  

Otokar Otomotiv Ve Savunma Sanayi AS(a)

     27,952        805,806  

Soda Sanayii AS

     2,249,700        3,134,838  

Tat Gida Sanayi AS

     595,271        859,532  

TAV Havalimanlari Holding AS

     819,547        4,940,370  

 

See Notes to Financial Statements.

 

54   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2018

 

  

 

 

Investments   Shares      Value  

Tekfen Holding AS

    611,020      $ 2,629,851  

Torunlar Gayrimenkul Yatirim Ortakligi AS

    839,817        614,800  

Trakya Cam Sanayii AS

    2,058,668        2,671,166  

Turk Traktor ve Ziraat Makineleri AS

    109,916        2,004,703  

Turkiye Sise ve Cam Fabrikalari AS

    1,614,773        2,103,355  

Ulker Biskuvi Sanayi AS

    232,031        1,300,320  
    

 

 

 
Total Turkey              31,130,369  
TOTAL COMMON STOCKS
(Cost: $1,480,788,442)
             1,737,349,436  
WARRANTS – 0.0%  
Malaysia – 0.0%  

Econpile Holdings Bhd, expiring 1/2/23*

(Cost: $0)

    253,100        11,778  
EXCHANGE-TRADED FUND – 0.0%  
United States – 0.0%  

WisdomTree Emerging Markets High Dividend Fund(c)

    
(Cost: $131,541)     2,814        134,566  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%  
United States – 1.2%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d)

    
(Cost: $21,429,989)(e)     21,429,989        21,429,989  
TOTAL INVESTMENTS IN SECURITIES – 100.9%
(Cost: $1,502,349,972)
       1,758,925,769  

Other Assets less Liabilities – (0.9)%

       (15,821,454
    

 

 

 
NET ASSETS – 100.0%            $ 1,743,104,315  

 

* 

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 $299,836, which represents 0.02% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $180,385,045 and the total market value of the collateral held by the Fund was $198,893,705. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $177,463,716.

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

    4/2/2018          145,349       USD          2,000,000,000       IDR     $ 79     $  

State Street Bank and Trust

    4/2/2018          262,679       USD          280,000,000       KRW             (10

State Street Bank and Trust

    4/2/2018          116,324       USD          450,000       MYR             (15

State Street Bank and Trust

    4/2/2018          85,743       USD          2,500,000       TWD              

State Street Bank and Trust

    4/3/2018          60,698       USD          200,000       BRL       522        

State Street Bank and Trust

    4/3/2018          48,944       USD          890,000       MXN       187        
                                                  $ 788     $ (25

 

CURRENCY LEGEND

BRL – Brazilian real

IDR – Indonesian rupiah

KRW – South Korean won

MXN – Mexican peso

MYR – Malaysian ringgit

TWD – New Taiwan dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      55  


Table of Contents

Schedule of Investments

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%  
Australia – 5.0%  

Aristocrat Leisure Ltd.

     15,862      $ 292,737  

carsales.com Ltd.

     15,245        157,982  

Cochlear Ltd.

     1,953        272,076  

Crown Resorts Ltd.

     73,265        713,151  

CSL Ltd.

     12,411        1,479,957  

Domino’s Pizza Enterprises Ltd.(a)

     3,209        102,717  

Magellan Financial Group Ltd.

     12,956        236,919  

Northern Star Resources Ltd.

     22,140        106,650  

REA Group Ltd.

     3,273        198,861  
     

 

 

 
Total Australia               3,561,050  
Austria – 0.1%  

ams AG*

     859        89,578  
Belgium – 0.2%  

Melexis N.V.

     1,525        151,917  
Brazil – 1.0%  

CCR S.A.

     15,570        58,558  

Estacio Participacoes S.A.

     10,823        113,876  

Localiza Rent a Car S.A.

     9,976        86,205  

Lojas Renner S.A.

     8,305        85,834  

M. Dias Branco S.A.

     2,161        33,167  

Natura Cosmeticos S.A.

     700        6,740  

Odontoprev S.A.

     11,576        52,001  

Smiles Fidelidade S.A.

     3,114        65,117  

Ultrapar Participacoes S.A.

     8,291        176,916  
     

 

 

 
Total Brazil               678,414  
Canada – 2.9%  

Alimentation Couche-Tard, Inc. Class B

     5,850        261,679  

Canadian Pacific Railway Ltd.

     3,221        567,625  

CI Financial Corp.(a)

     25,852        553,434  

Constellation Software, Inc.

     248        168,151  

Dollarama, Inc.

     979        118,900  

Open Text Corp.

     8,421        292,751  

Toromont Industries Ltd.

     2,233        96,872  

Winpak Ltd.

     460        17,287  
     

 

 

 
Total Canada               2,076,699  
Chile – 0.1%  

Aguas Andinas S.A. Class A

     107,803        70,164  
China – 3.3%  

AAC Technologies Holdings, Inc.

     8,000        144,337  

Anhui Conch Cement Co., Ltd. Class H

     16,000        87,153  

ANTA Sports Products Ltd.

     28,000        141,279  

Beijing Enterprises Water Group Ltd.*

     34,000        18,975  

Brilliance China Automotive Holdings Ltd.

     22,000        45,916  

China Conch Venture Holdings Ltd.

     19,500        59,507  

China Gas Holdings Ltd.

     28,000        101,856  

China Medical System Holdings Ltd.

     19,000        43,141  

China State Construction International Holdings Ltd.

     30,000        36,619  

China Yongda Automobiles Services Holdings Ltd.(a)

     2,000        2,130  

CIFI Holdings Group Co., Ltd.

     160,000        139,648  

CSPC Pharmaceutical Group Ltd.

     114,400        303,918  

Geely Automobile Holdings Ltd.

     24,000      69,111  

Guangzhou Automobile Group Co., Ltd. Class H

     26,000        47,903  

Haier Electronics Group Co., Ltd.*

     3,000        10,684  

Haitian International Holdings Ltd.

     20,000        60,650  

Kingboard Laminates Holdings Ltd.

     22,000        31,900  

Logan Property Holdings Co., Ltd.(a)

     82,000        124,751  

Minth Group Ltd.

     14,000        63,772  

Shenzhou International Group Holdings Ltd.

     17,200        181,132  

Sihuan Pharmaceutical Holdings Group Ltd.

     85,000        25,126  

Sino Biopharmaceutical Ltd.

     21,500        42,187  

SITC International Holdings Co., Ltd.

     23,000        22,858  

Sunny Optical Technology Group Co., Ltd.

     3,000        55,388  

Tencent Holdings Ltd.

     8,100        422,736  

TravelSky Technology Ltd. Class H

     7,000        20,291  

Zhou Hei Ya International Holdings Co., Ltd.(a)(b)

     4,000        3,639  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     3,600        17,431  
     

 

 

 
Total China               2,324,038  
Denmark – 3.5%  

Ambu A/S Class B

     1,140        25,656  

Chr Hansen Holding A/S

     5,730        492,555  

Dfds A/S

     3,432        191,507  

DSV A/S

     1,611        126,070  

Pandora A/S

     13,999        1,500,858  

SimCorp A/S

     1,521        105,350  
     

 

 

 
Total Denmark               2,441,996  
Finland – 0.2%  

Konecranes Oyj

     3,831        166,035  
France – 1.2%  

Cie Plastic Omnium S.A.

     3,961        189,499  

Direct Energie(a)

     429        16,145  

Ipsen S.A.

     1,449        224,806  

Sartorius Stedim Biotech

     1,508        136,221  

SEB S.A.

     1,043        199,080  

Trigano S.A.

     259        46,729  
     

 

 

 
Total France               812,480  
Germany – 4.7%  

adidas AG

     4,344        1,050,597  

AURELIUS Equity Opportunities SE & Co. KGaA(a)

     5,140        357,793  

CompuGroup Medical SE

     807        43,610  

Covestro AG(b)

     7,983        784,057  

CTS Eventim AG & Co. KGaA

     5,360        250,891  

Diebold Nixdorf AG*

     1,782        147,275  

Fuchs Petrolub SE

     3,236        164,565  

Nemetschek SE

     689        77,110  

United Internet AG Registered Shares

     6,530        410,380  

Wirecard AG

     441        52,024  
     

 

 

 
Total Germany               3,338,302  
Hong Kong – 2.3%  

Galaxy Entertainment Group Ltd.

     93,000        844,291  

PCCW Ltd.

     1,134,000        655,984  

Vitasoy International Holdings Ltd.

     38,000        97,805  
     

 

 

 
Total Hong Kong               1,598,080  

 

See Notes to Financial Statements.

 

56   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
India – 2.0%  

Adani Ports & Special Economic Zone Ltd.

     3,839      $ 20,843  

Alkem Laboratories Ltd.

     160        4,878  

Asian Paints Ltd.

     2,655        45,608  

Aurobindo Pharma Ltd.

     1,302        11,136  

Bharat Forge Ltd.

     3,409        36,569  

Biocon Ltd.

     607        5,527  

Cadila Healthcare Ltd.*

     1,166        6,755  

Cipla Ltd.

     813        6,799  

Cummins India Ltd.

     482        5,175  

Dabur India Ltd.

     1,695        8,535  

Eicher Motors Ltd.

     17        7,395  

Emami Ltd.

     294        4,818  

Endurance Technologies Ltd.(b)

     203        3,937  

Godrej Consumer Products Ltd.

     1,284        21,530  

Hero MotoCorp Ltd.

     1,987        107,933  

Hindustan Unilever Ltd.

     10,446        213,551  

Hindustan Zinc Ltd.

     720        3,318  

Indraprastha Gas Ltd.

     732        3,136  

InterGlobe Aviation Ltd.(b)

     789        15,611  

ITC Ltd.

     40,780        159,752  

Kansai Nerolac Paints Ltd.

     464        3,598  

Marico Ltd.

     2,191        10,953  

Maruti Suzuki India Ltd.

     806        109,504  

Motherson Sumi Systems Ltd.

     5,789        27,600  

Motilal Oswal Financial Services Ltd.

     152        2,336  

Natco Pharma Ltd.

     380        4,391  

Nestle India Ltd.

     107        13,458  

Pidilite Industries Ltd.

     2,828        39,796  

Sun Pharmaceutical Industries Ltd.

     5,902        44,802  

Sun TV Network Ltd.

     451        5,868  

Tata Consultancy Services Ltd.

     8,557        373,805  

Torrent Pharmaceuticals Ltd.

     697        13,356  

UPL Ltd.

     3,513        39,333  

Vakrangee Ltd.

     884        3,000  

Whirlpool of India Ltd.

     165        3,821  

Zee Entertainment Enterprises Ltd.

     1,819        16,050  
     

 

 

 
Total India               1,404,477  
Indonesia – 0.9%  

Chandra Asri Petrochemical Tbk PT

     10,300        4,657  

Hanjaya Mandala Sampoerna Tbk PT

     190,200        54,984  

Kalbe Farma Tbk PT

     209,700        22,847  

Matahari Department Store Tbk PT

     95,500        75,956  

Pakuwon Jati Tbk PT

     75,800        3,469  

Surya Citra Media Tbk PT

     139,400        27,439  

Telekomunikasi Indonesia Persero Tbk PT

     1,200,800        313,992  

Unilever Indonesia Tbk PT

     25,500        91,730  

United Tractors Tbk PT

     16,600        38,584  
     

 

 

 
Total Indonesia               633,658  
Italy – 1.8%  

Brembo SpA

     9,839        151,740  

Brunello Cucinelli SpA

     1,175        36,850  

De’ Longhi SpA

     8,844        262,348  

Ferrari N.V.

     2,397        287,543  

Industria Macchine Automatiche SpA

     1,800      174,996  

Moncler SpA

     3,756        142,737  

Recordati SpA

     6,405        236,158  
     

 

 

 
Total Italy               1,292,372  
Japan – 8.6%  

Asahi Intecc Co., Ltd.

     1,500        59,450  

Fast Retailing Co., Ltd.

     1,900        772,506  

Fujitsu General Ltd.

     2,300        41,156  

Haseko Corp.(a)

     15,600        237,484  

Japan Lifeline Co., Ltd.

     900        26,234  

Kakaku.com, Inc.(a)

     9,200        161,076  

Kaken Pharmaceutical Co., Ltd.

     3,000        177,151  

M3, Inc.

     2,300        103,376  

Mixi, Inc.

     4,800        177,377  

MonotaRO Co., Ltd.(a)

     2,000        71,838  

Murata Manufacturing Co., Ltd.

     7,000        959,003  

Nihon M&A Center, Inc.

     1,800        61,946  

Open House Co., Ltd.

     1,900        117,913  

Oracle Corp.

     3,300        268,406  

Park24 Co., Ltd.

     8,800        235,991  

Pigeon Corp.

     4,000        180,724  

Pilot Corp.

     700        39,031  

Relo Group, Inc.

     1,900        52,632  

Ryohin Keikaku Co., Ltd.

     500        167,842  

Seria Co., Ltd.

     500        25,294  

Shimano, Inc.

     1,800        259,633  

Start Today Co., Ltd.

     5,300        141,632  

Trend Micro, Inc.

     7,200        429,901  

USS Co., Ltd.

     12,800        258,768  

Yahoo Japan Corp.(a)

     207,800        965,239  

Zenkoku Hosho Co., Ltd.

     2,000        87,823  
     

 

 

 
Total Japan               6,079,426  
Malaysia – 0.2%  

Fraser & Neave Holdings Bhd

     6,700        57,820  

HAP Seng Consolidated Bhd

     37,200        94,827  

Hartalega Holdings Bhd

     4,800        7,508  
     

 

 

 
Total Malaysia               160,155  
Mexico – 0.7%  

America Movil S.A.B. de C.V. Series L

     369,427        349,117  

Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B

     4,350        73,023  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     23,569        43,953  
     

 

 

 
Total Mexico               466,093  
Netherlands – 2.5%  

ASML Holding N.V.

     7,550        1,487,052  

BE Semiconductor Industries N.V.

     1,821        185,995  

TKH Group N.V. CVA

     1,951        124,771  
     

 

 

 
Total Netherlands               1,797,818  
New Zealand – 0.5%  

Fisher & Paykel Healthcare Corp., Ltd.

     21,339        203,200  

Ryman Healthcare Ltd.

     20,454        156,261  
     

 

 

 
Total New Zealand               359,461  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      57  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Norway – 3.3%  

Entra ASA(b)

     12,610      $ 171,540  

Leroy Seafood Group ASA

     30,545        188,695  

Marine Harvest ASA

     68,939        1,380,369  

Salmar ASA

     12,280        502,402  

Tomra Systems ASA

     5,241        109,480  
     

 

 

 
Total Norway               2,352,486  
Philippines – 0.1%  

DMCI Holdings, Inc.

     96,100        22,396  

Jollibee Foods Corp.

     1,210        6,934  

Semirara Mining & Power Corp.

     36,250        21,051  
     

 

 

 
Total Philippines               50,381  
Poland – 0.0%  

CCC S.A.

     123        8,374  

CD Projekt S.A.

     373        11,913  
     

 

 

 
Total Poland               20,287  
Russia – 2.5%  

Magnit PJSC GDR Reg S

     4,079        75,196  

MMC Norilsk Nickel PJSC ADR

     39,007        722,995  

Novatek PJSC GDR Reg S

     1,854        253,998  

Tatneft PJSC ADR

     11,845        747,657  
     

 

 

 
Total Russia               1,799,846  
Singapore – 0.1%  

First Resources Ltd.

     66,000        84,557  
South Africa – 1.8%  

AVI Ltd.

     9,961        93,164  

Capitec Bank Holdings Ltd.

     1,100        80,790  

Clicks Group Ltd.

     4,979        76,525  

Discovery Ltd.

     8,409        121,003  

Mr. Price Group Ltd.

     6,506        156,490  

Naspers Ltd. Class N

     697        170,112  

Netcare Ltd.

     39,922        94,340  

Pick n Pay Stores Ltd.

     4,685        27,101  

Rand Merchant Investment Holdings Ltd.

     16,419        55,429  

RMB Holdings Ltd.

     29,370        191,235  

Santam Ltd.

     2,086        57,395  

Shoprite Holdings Ltd.

     8,294        176,803  
     

 

 

 
Total South Africa               1,300,387  
South Korea – 3.3%  

BGF Co., Ltd.

     16        197  

Hanssem Co., Ltd.

     54        7,827  

Korea Aerospace Industries Ltd.*

     748        35,053  

Medy-Tox, Inc.

     15        10,302  

NAVER Corp.

     22        16,347  

NCSoft Corp.

     189        74,472  

Samsung Electronics Co., Ltd.

     787        1,817,063  

SK Holdings Co., Ltd.

     328        91,085  

SK Hynix, Inc.

     3,673        280,153  
     

 

 

 
Total South Korea               2,332,499  
Spain – 5.4%  

Industria de Diseno Textil S.A.

     121,484        3,799,424  
Sweden – 6.0%  

Atlas Copco AB Class A

     36,222      1,562,233  

Atlas Copco AB Class B

     18,042        699,077  

Evolution Gaming Group AB(b)

     515        28,127  

Hemfosa Fastigheter AB

     15,247        184,425  

Indutrade AB

     3,615        92,892  

Intrum Justitia AB(a)

     4,696        132,725  

Investment AB Latour Class B

     20,711        234,689  

JM AB

     5,590        126,487  

Peab AB

     24,643        220,983  

Sandvik AB

     51,924        945,194  
     

 

 

 
Total Sweden               4,226,832  
Switzerland – 9.8%  

EMS-Chemie Holding AG Registered Shares

     1,323        833,092  

Geberit AG Registered Shares

     1,753        773,253  

Givaudan S.A. Registered Shares

     513        1,165,715  

Kuehne + Nagel International AG Registered Shares

     8,197        1,286,559  

Partners Group Holding AG

     1,274        944,591  

Roche Holding AG Bearer Shares

     4,917        1,138,879  

Schindler Holding AG Participation Certificate

     1,204        259,006  

Sonova Holding AG Registered Shares

     1,970        312,287  

Straumann Holding AG Registered Shares(a)

     211        132,646  

Temenos Group AG Registered Shares*

     787        94,019  
     

 

 

 
Total Switzerland               6,940,047  
Taiwan – 6.1%  

Advantech Co., Ltd.

     7,000        50,417  

Catcher Technology Co., Ltd.

     20,000        244,195  

Eclat Textile Co., Ltd.

     4,283        50,238  

Feng TAY Enterprise Co., Ltd.

     13,440        60,154  

Formosa Plastics Corp.

     194,000        691,978  

Hotai Motor Co., Ltd.

     10,000        101,177  

Largan Precision Co., Ltd.

     1,000        114,895  

Nan Ya Plastics Corp.

     277,000        775,224  

Nien Made Enterprise Co., Ltd.

     3,000        28,861  

Novatek Microelectronics Corp.

     39,000        177,230  

Standard Foods Corp.

     4,000        9,301  

Taiwan Semiconductor Manufacturing Co., Ltd.

     241,000        2,045,735  
     

 

 

 
Total Taiwan               4,349,405  
Thailand – 0.7%  

Airports of Thailand PCL NVDR

     47,300        102,102  

Bumrungrad Hospital PCL NVDR

     6,300        42,913  

Central Pattana PCL NVDR

     14,350        35,795  

CP ALL PCL

     73,456        206,720  

Energy Absolute PCL NVDR

     3,700        5,177  

Home Product Center PCL NVDR

     109,500        49,725  

Minor International PCL

     11,600        14,189  
     

 

 

 
Total Thailand               456,621  
Turkey – 0.5%  

Arcelik AS

     7,789        35,097  

BIM Birlesik Magazalar AS

     3,470        62,981  

Petkim Petrokimya Holding AS

     45,743        93,994  

Tofas Turk Otomobil Fabrikasi AS

     4,218        28,792  

 

See Notes to Financial Statements.

 

58   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Tupras Turkiye Petrol Rafinerileri AS

     3,972      $ 108,690  
     

 

 

 
Total Turkey               329,554  
United Kingdom – 18.2%  

Abcam PLC

     4,508        78,352  

Ashtead Group PLC

     16,271        442,804  

AVEVA Group PLC

     897        24,046  

British American Tobacco PLC

     74,605        4,323,335  

Countryside Properties PLC(b)

     18,832        82,898  

Croda International PLC

     5,854        375,124  

Domino’s Pizza Group PLC

     23,877        110,700  

easyJet PLC

     36,196        814,697  

Fevertree Drinks PLC

     917        33,857  

Hargreaves Lansdown PLC

     19,525        447,273  

Howden Joinery Group PLC

     37,368        241,551  

Jardine Lloyd Thompson Group PLC

     12,934        232,604  

JD Sports Fashion PLC

     8,092        38,061  

Moneysupermarket.com Group PLC

     39,289        158,069  

NMC Health PLC

     1,438        68,586  

Renishaw PLC

     1,562        98,734  

Rentokil Initial PLC

     48,257        183,927  

Rightmove PLC

     2,677        163,243  

Spirax-Sarco Engineering PLC

     2,227        179,788  

Unilever N.V. CVA

     79,081        4,461,215  

Unite Group PLC (The)

     13,661        151,680  

Victrex PLC

     3,496        125,940  

ZPG PLC(b)

     15,640        73,718  
     

 

 

 
Total United Kingdom               12,910,202  
TOTAL COMMON STOCKS
(Cost: $63,866,807)
              70,454,741  
EXCHANGE-TRADED FUNDS – 0.0%  
United States – 0.0%  

WisdomTree Emerging Markets High Dividend Fund(c)

     239        11,429  

WisdomTree International Equity Fund(c)

     312        17,116  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $28,639)
              28,545  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.1%  
United States – 2.1%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(d)

     
(Cost: $1,479,062)(e)      1,479,062        1,479,062  
TOTAL INVESTMENTS IN SECURITIES – 101.6%
(Cost: $65,374,508)
        71,962,348  

Other Assets less Liabilities – (1.6)%

        (1,121,244
     

 

 

 
NET ASSETS – 100.0%             $ 70,841,104  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(e) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $2,677,338 and the total market value of the collateral held by the Fund was $2,806,067. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,327,005.

ADR – American Depositary Receipt

CVA – Certificaten Van Aandelen (Certificate of Stock)

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.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      59  


Table of Contents

Schedule of Investments

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%  
Australia – 12.6%  

Abacus Property Group

     73,300      $ 195,100  

Aveo Group

     65,116        131,861  

BWP Trust

     102,885        238,332  

Charter Hall Group

     68,581        301,427  

Charter Hall Retail REIT

     80,466        237,628  

Cromwell Property Group

     425,659        347,724  

Dexus

     136,808        978,028  

Goodman Group

     158,533        1,025,111  

GPT Group (The)

     248,336        902,904  

Growthpoint Properties Australia Ltd.(a)

     121,532        307,630  

Investa Office Fund

     81,022        267,858  

LendLease Group

     58,656        778,813  

Mirvac Group

     472,209        778,747  

Scentre Group

     829,562        2,437,088  

Shopping Centres Australasia Property Group

     120,480        215,325  

Stockland

     403,802        1,248,237  

Vicinity Centres

     734,217        1,357,267  

Viva Energy REIT

     113,000        173,353  

Westfield Corp.

     248,974        1,627,111  
     

 

 

 
Total Australia               13,549,544  
Austria – 0.8%  

BUWOG AG*

     8,841        315,972  

CA Immobilien Anlagen AG

     7,560        252,339  

IMMOFINANZ AG*

     73,926        192,200  

S IMMO AG

     5,187        102,706  
     

 

 

 
Total Austria               863,217  
Belgium – 1.1%  

Aedifica S.A.

     1,738        159,884  

Befimmo S.A.

     4,354        281,125  

Cofinimmo S.A.

     2,964        384,212  

Warehouses De Pauw CVA

     2,808        348,795  
     

 

 

 
Total Belgium               1,174,016  
Brazil – 0.2%  

BR Malls Participacoes S.A.

     7,146        25,048  

Iguatemi Empresa de Shopping Centers S.A.

     3,128        36,950  

Multiplan Empreendimentos Imobiliarios S.A.

     5,803        119,915  
     

 

 

 
Total Brazil               181,913  
Canada – 5.8%  

Allied Properties Real Estate Investment Trust

     9,020        283,771  

Artis Real Estate Investment Trust

     34,365        362,242  

Boardwalk Real Estate Investment Trust

     7,308        250,941  

Canadian Apartment Properties REIT

     14,450        416,380  

Canadian Real Estate Investment Trust

     8,266        321,920  

Cominar Real Estate Investment Trust

     52,758        527,478  

CT Real Estate Investment Trust

     4,867        50,208  

Dream Global Real Estate Investment Trust

     28,185        300,596  

Dream Office Real Estate Investment Trust

     19,363        350,689  

First Capital Realty, Inc.(a)

     29,977        473,168  

FirstService Corp.

     662        48,477  

Granite Real Estate Investment Trust

     6,901        271,972  

H&R Real Estate Investment Trust

     51,921      846,925  

Pure Industrial Real Estate Trust

     35,970        224,316  

RioCan Real Estate Investment Trust

     52,728        966,833  

SmartCentres Real Estate Investment Trust

     20,770        468,966  

Tricon Capital Group, Inc.(a)

     9,289        70,969  
     

 

 

 
Total Canada               6,235,851  
Chile – 0.1%  

Parque Arauco S.A.

     34,350        103,545  
China – 10.8%  

Agile Group Holdings Ltd.

     142,000        293,470  

China Aoyuan Property Group Ltd.

     92,000        84,518  

China Jinmao Holdings Group Ltd.

     687,000        391,281  

China Overseas Grand Oceans Group Ltd.

     43,219        20,926  

China Overseas Land & Investment Ltd.

     934,049        3,243,102  

China Resources Land Ltd.

     232,000        843,953  

China SCE Property Holdings Ltd.

     218,000        112,773  

China South City Holdings Ltd.(a)

     520,800        117,454  

China Vanke Co., Ltd. Class H

     128,900        587,977  

CIFI Holdings Group Co., Ltd.

     373,900        326,340  

Country Garden Holdings Co., Ltd.

     448,000        922,452  

Fullshare Holdings Ltd.*(a)

     112,500        62,354  

Future Land Development Holdings Ltd.

     74,000        62,701  

Greenland Hong Kong Holdings Ltd.

     77,000        36,890  

Greentown China Holdings Ltd.(a)

     28,500        38,565  

Guangzhou R&F Properties Co., Ltd. Class H

     187,200        467,028  

Hopson Development Holdings Ltd.

     20,000        22,833  

KWG Property Holding Ltd.

     269,000        366,742  

Logan Property Holdings Co., Ltd.(a)

     180,000        273,843  

Longfor Properties Co., Ltd.

     115,500        353,198  

Powerlong Real Estate Holdings Ltd.

     207,000        108,929  

Red Star Macalline Group Corp., Ltd. Class H(b)

     129,600        151,756  

Shenzhen Investment Ltd.

     1,026,000        435,327  

Shimao Property Holdings Ltd.

     149,500        422,881  

Shui On Land Ltd.

     344,500        93,496  

Sino-Ocean Group Holding Ltd.

     1,154,200        836,792  

Sunac China Holdings Ltd.(a)

     41,900        161,764  

Times China Holdings Ltd.

     69,000        105,501  

Yuexiu Property Co., Ltd.

     1,666,000        392,709  

Yuzhou Properties Co., Ltd.

     304,000        207,230  
     

 

 

 
Total China               11,544,785  
Finland – 0.3%  

Citycon Oyj

     149,427        335,753  
France – 8.8%  

Fonciere Des Regions

     10,880        1,199,586  

Gecina S.A.

     6,914        1,199,800  

ICADE

     11,371        1,103,387  

Klepierre S.A.

     49,435        1,991,123  

Mercialys S.A.

     16,013        307,417  

Nexity S.A.*

     7,263        464,932  

Unibail-Rodamco SE

     13,883        3,169,791  
     

 

 

 
Total France               9,436,036  

 

See Notes to Financial Statements.

 

60   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Germany – 4.4%  

alstria office REIT-AG

     18,566      $ 290,669  

Deutsche Euroshop AG

     7,335        268,824  

Deutsche Wohnen SE Bearer Shares

     20,580        959,261  

LEG Immobilien AG

     5,660        635,814  

TAG Immobilien AG

     16,248        336,907  

TLG Immobilien AG

     8,559        234,736  

Vonovia SE

     40,531        2,006,345  
     

 

 

 
Total Germany               4,732,556  
Hong Kong – 17.7%  

Champion REIT

     729,000        519,235  

Hang Lung Group Ltd.

     110,649        361,626  

Hang Lung Properties Ltd.

     508,283        1,183,876  

Henderson Land Development Co., Ltd.

     328,352        2,137,888  

Hui Xian REIT(d)

     1,021,634        503,985  

Hysan Development Co., Ltd.

     112,115        592,838  

Joy City Property Ltd.

     282,000        45,273  

Kowloon Development Co., Ltd.

     134,000        150,761  

Lai Sun Development Co., Ltd.

     12,600        20,646  

Link REIT

     228,615        1,951,659  

LVGEM China Real Estate Investment Co., Ltd.

     60,000        23,929  

New World Development Co., Ltd.

     975,001        1,376,478  

Sino Land Co., Ltd.

     673,735        1,090,228  

Sun Hung Kai Properties Ltd.

     244,810        3,867,900  

Sunlight Real Estate Investment Trust

     256,000        173,857  

Swire Pacific Ltd. Class A

     77,778        784,390  

Swire Pacific Ltd. Class B

     235,000        402,431  

Swire Properties Ltd.

     449,541        1,575,166  

Wharf Holdings Ltd. (The)

     263,872        906,101  

Wheelock & Co., Ltd.

     135,231        988,175  

Yuexiu Real Estate Investment Trust

     564,000        390,933  
     

 

 

 
Total Hong Kong               19,047,375  
Indonesia – 0.0%  

Pakuwon Jati Tbk PT

     639,900        29,282  
Ireland – 0.3%  

Green REIT PLC

     122,866        228,776  

Hibernia REIT PLC(a)

     27,588        48,993  
     

 

 

 
Total Ireland               277,769  
Israel – 1.1%  

Alony Hetz Properties & Investments Ltd.

     15,959        143,687  

Amot Investments Ltd.

     53,469        286,013  

Azrieli Group Ltd.

     6,937        332,145  

Gazit-Globe Ltd.

     23,462        231,422  

Melisron Ltd.

     3,598        143,168  
     

 

 

 
Total Israel               1,136,435  
Italy – 0.2%  

Beni Stabili SpA SIIQ

     295,903        246,008  
Japan – 6.6%  

Aeon Mall Co., Ltd.

     10,230        214,508  

Daibiru Corp.

     4,300        49,853  

Daikyo, Inc.(a)

     6,500        131,589  

Daito Trust Construction Co., Ltd.

     6,300      1,089,394  

Daiwa House Industry Co., Ltd.

     45,500        1,754,114  

Hulic Co., Ltd.

     30,500        332,962  

Ichigo, Inc.(a)

     15,000        66,008  

Leopalace21 Corp.

     20,400        170,144  

Mitsubishi Estate Co., Ltd.

     42,189        713,464  

Mitsui Fudosan Co., Ltd.

     40,108        973,567  

Nomura Real Estate Holdings, Inc.

     15,965        377,095  

NTT Urban Development Corp.

     14,900        182,134  

Open House Co., Ltd.

     2,500        155,148  

Relo Group, Inc.

     2,900        80,333  

Sumitomo Realty & Development Co., Ltd.

     8,279        306,327  

TOC Co., Ltd.

     5,100        41,481  

Tokyo Tatemono Co., Ltd.

     12,300        185,396  

Tokyu Fudosan Holdings Corp.

     37,168        270,853  
     

 

 

 
Total Japan               7,094,370  
Malaysia – 0.5%  

IGB Real Estate Investment Trust

     206,500        82,749  

IOI Properties Group Bhd

     192,475        80,613  

KLCCP Stapled Group

     42,300        78,410  

SP Setia Bhd Group

     183,275        141,673  

Sunway Bhd

     235,965        92,727  

Sunway Real Estate Investment Trust

     189,996        78,592  
     

 

 

 
Total Malaysia               554,764  
Mexico – 1.7%  

Concentradora Fibra Danhos S.A. de C.V.

     177,468        293,714  

Fibra Uno Administracion S.A. de C.V.

     659,137        987,974  

Macquarie Mexico Real Estate Management S.A. de C.V.*

     170,900        191,184  

PLA Administradora Industrial S de RL de C.V.*

     152,562        252,745  

Prologis Property Mexico S.A. de C.V.

     65,089        123,948  
     

 

 

 
Total Mexico               1,849,565  
Netherlands – 0.6%  

Eurocommercial Properties N.V. CVA

     7,564        312,195  

Wereldhave N.V.(a)

     8,865        338,635  
     

 

 

 
Total Netherlands               650,830  
New Zealand – 0.5%  

Goodman Property Trust

     201,612        193,439  

Kiwi Property Group Ltd.

     220,749        213,393  

Precinct Properties New Zealand Ltd.

     162,120        149,700  
     

 

 

 
Total New Zealand               556,532  
Norway – 0.2%  

Entra ASA(b)

     17,126        232,973  
Philippines – 0.4%  

Ayala Land, Inc.

     188,700        148,638  

Megaworld Corp.

     370,800        33,330  

Robinsons Land Corp.

     94,047        35,941  

SM Prime Holdings, Inc.

     246,775        159,385  

Vista Land & Lifescapes, Inc.

     275,700        34,345  
     

 

 

 
Total Philippines               411,639  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      61  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Poland – 0.0%  

Globe Trade Centre S.A.

     15,166      $ 40,469  
Singapore – 9.2%  

Ascendas Real Estate Investment Trust

     312,784        627,333  

Ascott Residence Trust(a)

     334,988        288,673  

Bukit Sembawang Estates Ltd.

     36,800        171,470  

CapitaLand Commercial Trust

     474,375        662,020  

CapitaLand Ltd.

     329,589        897,302  

CapitaLand Mall Trust

     538,486        854,153  

CapitaLand Retail China Trust

     152,500        183,749  

CDL Hospitality Trusts

     197,300        254,280  

City Developments Ltd.

     32,703        324,212  

Frasers Centrepoint Trust

     145,800        243,500  

Frasers Hospitality Trust(a)

     273,900        160,835  

Frasers Logistics & Industrial Trust

     252,300        209,721  

Frasers Property Ltd.

     143,700        219,172  

GuocoLand Ltd.

     73,000        115,793  

Ho Bee Land Ltd.

     27,200        52,272  

Keppel DC REIT(a)

     139,500        153,191  

Keppel REIT

     492,900        454,823  

Mapletree Commercial Trust

     409,192        489,919  

Mapletree Greater China Commercial Trust

     504,200        442,179  

Mapletree Industrial Trust

     312,818        484,268  

Mapletree Logistics Trust

     443,075        415,605  

OUE Hospitality Trust(a)

     312,800        196,797  

Oxley Holdings Ltd.(a)

     176,376        65,907  

Parkway Life Real Estate Investment Trust(a)

     84,500        180,432  

SPH REIT

     399,100        302,833  

Starhill Global REIT

     383,784        213,652  

Suntec Real Estate Investment Trust

     383,428        552,642  

United Industrial Corp., Ltd.(a)

     23,000        57,004  

UOL Group Ltd.

     40,700        265,374  

Wheelock Properties Singapore Ltd.

     101,000        137,871  

Wing Tai Holdings Ltd.

     53,800        84,928  

Yanlord Land Group Ltd.

     124,000        159,811  
     

 

 

 
Total Singapore               9,921,721  
South Africa – 3.5%  

Fortress REIT Ltd. Class A

     228,993        309,028  

Fortress REIT Ltd. Class B

     96,019        96,434  

Growthpoint Properties Ltd.

     581,910        1,395,258  

Hyprop Investments Ltd.

     44,683        408,110  

Redefine Properties Ltd.

     1,141,298        1,116,375  

Resilient REIT Ltd.

     41,480        175,040  

Vukile Property Fund Ltd.

     155,028        286,276  
     

 

 

 
Total South Africa               3,786,521  
Spain – 0.8%  

Axiare Patrimonio SOCIMI S.A.

     2,533        51,463  

Hispania Activos Inmobiliarios SOCIMI S.A.

     6,425        136,543  

Inmobiliaria Colonial Socimi S.A.

     23,459        271,200  

Merlin Properties Socimi S.A.

     27,443        419,860  
     

 

 

 
Total Spain               879,066  
Sweden – 1.7%  

Atrium Ljungberg AB Class B

     10,031      147,325  

Castellum AB

     29,341        478,226  

Fabege AB

     10,675        230,458  

Hemfosa Fastigheter AB

     19,327        233,776  

Hufvudstaden AB Class A(a)

     13,713        202,875  

Klovern AB Class B(a)

     45,195        55,800  

Kungsleden AB

     21,682        144,334  

Wallenstam AB Class B

     17,440        157,953  

Wihlborgs Fastigheter AB

     6,030        139,251  
     

 

 

 
Total Sweden               1,789,998  
Switzerland – 1.5%  

Allreal Holding AG Registered Shares*

     1,519        249,518  

PSP Swiss Property AG Registered Shares

     5,018        488,385  

Swiss Prime Site AG Registered Shares*

     8,738        843,597  
     

 

 

 
Total Switzerland               1,581,500  
Taiwan – 0.5%  

Highwealth Construction Corp.*

     311,110        481,758  
Thailand – 0.7%  

Bangkok Land PCL NVDR

     1,016,700        60,475  

Central Pattana PCL NVDR

     57,374        143,114  

Land & Houses PCL NVDR

     867,111        291,163  

Pruksa Holding PCL NVDR

     88,500        60,566  

Supalai PCL NVDR

     90,000        61,880  

WHA Corp. PCL NVDR

     825,600        98,745  
     

 

 

 
Total Thailand               715,943  
United Kingdom – 7.0%  

Assura PLC

     193,538        160,997  

Big Yellow Group PLC

     16,108        192,746  

British Land Co. PLC (The)

     143,455        1,291,952  

Capital & Counties Properties PLC(a)

     13,092        49,954  

Derwent London PLC

     6,288        273,621  

Grainger PLC

     20,914        84,787  

Great Portland Estates PLC

     13,873        129,594  

Hammerson PLC

     104,642        787,685  

Hansteen Holdings PLC

     96,385        172,527  

Intu Properties PLC(a)

     237,274        691,325  

Land Securities Group PLC

     91,958        1,208,847  

Londonmetric Property PLC

     86,171        215,409  

NewRiver REIT PLC(a)

     49,937        201,749  

Safestore Holdings PLC

     16,479        113,503  

Savills PLC

     12,895        177,545  

Secure Income REIT PLC

     24,568        127,861  

Segro PLC

     86,745        731,576  

Shaftesbury PLC

     12,676        174,618  

St. Modwen Properties PLC

     11,051        60,056  

Tritax Big Box REIT PLC

     138,756        280,875  

Unite Group PLC (The)

     17,611        195,538  

Workspace Group PLC

     11,404        158,696  
     

 

 

 
Total United Kingdom               7,481,461  
TOTAL COMMON STOCKS
(Cost: $100,073,085)
              106,923,195  

 

See Notes to Financial Statements.

 

62   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
EXCHANGE-TRADED NOTE – 0.1%  
United States – 0.1%  
iPath MSCI India Index ETN*
(Cost: $66,130)
     867      $ 72,065  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9%  
United States – 1.9%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $2,072,327)(d)      2,072,327        2,072,327  
TOTAL INVESTMENTS IN SECURITIES – 101.6%
(Cost: $102,211,542)
       109,067,587  

Other Assets less Liabilities – (1.6)%

        (1,739,080
     

 

 

 
NET ASSETS – 100.0%             $ 107,328,507  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $3,167,314 and the total market value of the collateral held by the Fund was $3,351,821. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,279,494.

CVA – Certificaten Van Aandelen (Certificate of Stock)

ETN – Exchange-Traded Note

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
 
Bank of Montreal     4/2/2018        4,138        USD        440,291        JPY     $     $ (2
Bank of Montreal     4/3/2018        2,197        USD        2,862        AUD       2        
Barclays Bank PLC     4/3/2018        12,075        USD        142,942        ZAR       11        
Goldman Sachs     4/2/2018        4,106        USD        5,295        CAD             (1
Goldman Sachs     4/3/2018        3,411        USD        28,510        SEK       7        
HSBC Holdings PLC     4/3/2018        3,399        USD        26,680        HKD              
Societe Generale     4/2/2018        7,737        USD        27,166        ILS             (1

UBS AG

    4/3/2018        2,530        USD        1,804        GBP             (1
                                                $ 20     $ (5

 

CURRENCY LEGEND

AUD – Australian dollar

CAD – Canadian dollar

GBP – British pound

HKD – Hong Kong dollar

ILS – Israeli New shekel

JPY – Japanese yen

SEK – Swedish krona

USD – U.S. dollar

ZAR – South African rand

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      63  


Table of Contents

Schedule of Investments

WisdomTree Global High Dividend Fund (DEW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%  
Australia – 3.4%  

AGL Energy Ltd.

     3,955      $ 65,770  

Alumina Ltd.

     16,237        29,393  

Amcor Ltd.

     7,599        82,594  

AMP Ltd.

     9,507        36,389  

ASX Ltd.

     1,554        66,823  

Aurizon Holdings Ltd.

     13,138        42,628  

Australia & New Zealand Banking Group Ltd.

     13,933        287,061  

Bank of Queensland Ltd.

     4,454        37,444  

Bendigo & Adelaide Bank Ltd.

     4,183        31,572  

BHP Billiton Ltd.

     12,601        272,667  

Brambles Ltd.

     1,743        13,343  

Coca-Cola Amatil Ltd.

     3,637        24,187  

Commonwealth Bank of Australia

     8,447        468,516  

Crown Resorts Ltd.

     3,554        34,594  

Fortescue Metals Group Ltd.

     28,102        93,336  

Harvey Norman Holdings Ltd.(a)

     6,262        17,724  

Insurance Australia Group Ltd.

     14,803        84,933  

Macquarie Group Ltd.

     1,763        139,153  

Mineral Resources Ltd.

     574        7,481  

National Australia Bank Ltd.

     14,692        321,068  

QBE Insurance Group Ltd.

     4,629        34,193  

Rio Tinto Ltd.

     1,779        99,205  

Sonic Healthcare Ltd.

     3,013        52,878  

South32 Ltd.

     20,989        51,841  

Suncorp Group Ltd.

     8,384        85,789  

Tabcorp Holdings Ltd.

     25,559        86,066  

Telstra Corp., Ltd.

     100,319        241,622  

Wesfarmers Ltd.

     5,527        176,193  

Westpac Banking Corp.

     16,759        367,910  

Woodside Petroleum Ltd.

     3,327        74,620  

Woolworths Group Ltd.

     5,257        106,011  
     

 

 

 
Total Australia               3,533,004  
Austria – 0.1%  

Lenzing AG

     33        4,070  

Oesterreichische Post AG

     821        40,772  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     299        9,995  
     

 

 

 
Total Austria               54,837  
Belgium – 0.9%  

Ageas

     1,433        73,949  

Anheuser-Busch InBev S.A.

     5,669        622,462  

Cofinimmo S.A.

     344        44,592  

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

     1,095        68,412  

KBC Group N.V.

     627        54,533  

Proximus SADP

     1,963        60,910  
     

 

 

 
Total Belgium               924,858  
Brazil – 0.4%  

Banco Santander Brasil S.A.

     5,218        62,658  

BB Seguridade Participacoes S.A.

     6,567        57,834  

CCR S.A.

     6,865        25,819  

Cia de Saneamento Basico do Estado de Sao Paulo

     1,674      17,628  

Engie Brasil Energia S.A.

     8,488        100,009  

Estacio Participacoes S.A.

     2,094        22,033  

Itau Unibanco Holding S.A.

     5,375        72,985  

Multiplus S.A.

     524        4,864  

Porto Seguro S.A.

     1,854        27,088  

Qualicorp S.A.

     942        6,315  

Transmissora Alianca de Energia Eletrica S.A.

     4,305        28,146  
     

 

 

 
Total Brazil               425,379  
Canada – 2.8%  

AltaGas Ltd.(a)

     1,786        33,026  

ARC Resources Ltd.(a)

     1,674        18,230  

Bank of Montreal

     2,777        209,624  

Bank of Nova Scotia (The)

     4,675        287,770  

BCE, Inc.

     4,854        208,730  

Cameco Corp.

     732        6,649  

Canadian Imperial Bank of Commerce

     2,021        178,265  

CI Financial Corp.(a)

     2,238        47,911  

Crescent Point Energy Corp.

     3,620        24,597  

Enbridge, Inc.

     7,784        244,644  

Great-West Lifeco, Inc.

     4,143        105,660  

Keyera Corp.

     1,360        35,349  

Manulife Financial Corp.

     5,229        97,016  

National Bank of Canada

     1,318        61,992  

Nutrien Ltd.(a)

     1,661        78,447  

Pembina Pipeline Corp.

     2,780        86,683  

Peyto Exploration & Development Corp.(a)

     2,221        18,605  

Power Corp. of Canada

     2,254        51,400  

Power Financial Corp.

     3,041        76,093  

Rogers Communications, Inc. Class B

     2,212        98,723  

Royal Bank of Canada

     5,129        395,919  

Shaw Communications, Inc. Class B

     2,111        40,640  

TELUS Corp.

     2,594        91,024  

Toronto-Dominion Bank (The)

     5,836        330,944  

TransCanada Corp.

     2,869        118,565  

Vermilion Energy, Inc.(a)

     628        20,234  
     

 

 

 
Total Canada               2,966,740  
Chile – 0.1%  

AES Gener S.A.

     98,921        28,047  

Banco Santander Chile

     849,099        71,578  

Enel Chile S.A.

     125,037        16,207  

Enel Generacion Chile S.A.

     20,331        16,588  
     

 

 

 
Total Chile               132,420  
China – 3.9%  

Agile Group Holdings Ltd.

     6,000        12,400  

Agricultural Bank of China Ltd. Class H

     179,074        101,763  

Bank of China Ltd. Class H

     523,366        281,412  

Bank of Communications Co., Ltd. Class H

     169,125        132,528  

China Cinda Asset Management Co., Ltd. Class H

     26,000        9,442  

China Construction Bank Corp. Class H

     861,536        884,775  

China Everbright Bank Co., Ltd. Class H

     85,000        40,830  

China Merchants Bank Co., Ltd. Class H

     20,027        82,039  

 

See Notes to Financial Statements.

 

64   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

China Minsheng Banking Corp., Ltd. Class H

     32,500      $ 31,596  

China Mobile Ltd.

     79,500        728,823  

China Petroleum & Chemical Corp. Class H

     264,000        231,765  

China Power International Development Ltd.

     119,631        30,791  

China Resources Cement Holdings Ltd.

     10,000        8,639  

China Resources Power Holdings Co., Ltd.

     29,575        53,963  

China Vanke Co., Ltd. Class H

     8,600        39,229  

China Zhongwang Holdings Ltd.(a)

     41,200        24,463  

CIFI Holdings Group Co., Ltd.

     20,000        17,456  

CNOOC Ltd.

     213,415        314,345  

CRRC Corp., Ltd. Class H

     25,000        21,310  

Dali Foods Group Co., Ltd.(b)

     27,500        22,635  

Dongfeng Motor Group Co., Ltd. Class H

     14,000        16,251  

Great Wall Motor Co., Ltd. Class H(a)

     21,500        21,559  

Guangdong Investment Ltd.

     28,000        44,025  

Guangzhou R&F Properties Co., Ltd. Class H

     10,000        24,948  

Huaneng Power International, Inc. Class H

     128,137        86,042  

Industrial & Commercial Bank of China Ltd. Class H

     498,000        427,040  

Kingboard Laminates Holdings Ltd.

     2,000        2,900  

KWG Property Holding Ltd.

     14,500        19,769  

Lenovo Group Ltd.

     76,000        38,831  

Logan Property Holdings Co., Ltd.(a)

     8,000        12,171  

Powerlong Real Estate Holdings Ltd.

     8,000        4,210  

Shenzhen Investment Ltd.

     66,000        28,004  

Shimao Property Holdings Ltd.

     24,500        69,302  

Sino-Ocean Group Holding Ltd.

     53,775        38,987  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     40,000        24,311  

Sun Art Retail Group Ltd.

     40,000        46,532  

Weichai Power Co., Ltd. Class H

     9,000        10,091  

Xinyi Glass Holdings Ltd.*

     16,000        24,097  

Xinyi Solar Holdings Ltd.

     50,000        20,195  

Yuexiu Property Co., Ltd.

     40,000        9,429  

Yuzhou Properties Co., Ltd.

     17,000        11,589  
     

 

 

 
Total China               4,050,487  
Czech Republic – 0.1%  

CEZ AS

     3,610        89,897  

Komercni Banka AS

     770        35,104  

O2 Czech Republic AS

     1,898        26,207  
     

 

 

 
Total Czech Republic               151,208  
Denmark – 0.2%  

Danske Bank A/S

     2,478        92,155  

ISS A/S

     820        30,251  

Pandora A/S

     702        75,263  

Tryg A/S

     1,802        41,773  
     

 

 

 
Total Denmark               239,442  
Finland – 0.8%  

Elisa Oyj

     1,989        89,946  

Fortum Oyj(a)

     5,685        122,005  

Kesko Oyj Class B

     890        50,963  

Metso Oyj

     1,019        32,095  

Neste Oyj(a)

     759        52,834  

Nokia Oyj

     25,168        138,824  

Nokian Renkaat Oyj(a)

     855      38,801  

Sampo Oyj Class A

     2,844        158,306  

Stora Enso Oyj Class R(a)

     3,543        65,033  

UPM-Kymmene Oyj

     3,585        132,711  
     

 

 

 
Total Finland               881,518  
France – 3.8%  

Amundi S.A.(b)

     447        35,876  

AXA S.A.

     9,562        254,012  

BNP Paribas S.A.

     4,111        304,215  

Bouygues S.A.

     1,894        94,827  

Carrefour S.A.(a)

     2,856        59,185  

Casino Guichard Perrachon S.A.

     1,024        50,135  

CNP Assurances

     3,017        76,064  

Credit Agricole S.A.

     9,133        148,322  

Electricite de France S.A.

     21,331        308,511  

Engie S.A.

     16,723        278,783  

Eutelsat Communications S.A.

     1,744        34,532  

ICADE

     593        57,542  

Lagardere SCA

     1,227        35,010  

Metropole Television S.A.

     1,736        44,665  

Natixis S.A.

     14,056        115,095  

Orange S.A.

     15,216        257,964  

Renault S.A.

     564        68,323  

Sanofi

     4,971        399,401  

SCOR SE

     1,467        60,007  

Societe Generale S.A.

     3,092        167,927  

Suez

     2,691        38,953  

TOTAL S.A.

     15,563        882,936  

Unibail-Rodamco SE

     568        129,687  

Veolia Environnement S.A.

     1,978        46,816  
     

 

 

 
Total France               3,948,788  
Germany – 2.7%  

Allianz SE Registered Shares

     1,612        363,594  

Axel Springer SE

     394        32,950  

BASF SE

     3,846        390,083  

Bayerische Motoren Werke AG

     2,701        292,819  

CECONOMY AG

     2,462        28,311  

Daimler AG Registered Shares

     5,930        502,999  

Deutsche Telekom AG Registered Shares

     17,258        281,228  

Evonik Industries AG

     2,046        72,066  

Freenet AG

     1,405        42,697  

Hugo Boss AG

     493        42,903  

Innogy SE(b)

     1,533        72,530  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     861        199,974  

ProSiebenSat.1 Media SE

     1,167        40,445  

Siemens AG Registered Shares

     3,118        396,965  

Telefonica Deutschland Holding AG

     21,429        100,569  

TUI AG

     136        2,911  
     

 

 

 
Total Germany               2,863,044  
Hong Kong – 0.7%  

BOC Hong Kong Holdings Ltd.

     32,000        155,753  

CLP Holdings Ltd.

     8,500        86,535  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      65  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Hang Lung Properties Ltd.

     13,472      $ 31,378  

Hang Seng Bank Ltd.

     7,500        173,541  

Hopewell Holdings Ltd.

     8,500        32,437  

Hysan Development Co., Ltd.

     6,000        31,727  

New World Development Co., Ltd.

     48,829        68,935  

PCCW Ltd.

     14,000        8,099  

Power Assets Holdings Ltd.

     7,000        62,389  

Sino Land Co., Ltd.

     26,000        42,073  

SJM Holdings Ltd.

     48,000        41,711  

Wharf Holdings Ltd. (The)

     6,519        22,385  
     

 

 

 
Total Hong Kong               756,963  
Indonesia – 0.1%  

Gudang Garam Tbk PT

     5,000        26,321  

Indocement Tunggal Prakarsa Tbk PT

     14,000        16,270  

Matahari Department Store Tbk PT

     32,900        26,167  

Perusahaan Gas Negara Persero Tbk

     221,900        37,071  
     

 

 

 
Total Indonesia               105,829  
Israel – 0.1%  

Bezeq Israeli Telecommunication Corp., Ltd.

     29,105        37,139  

Israel Chemicals Ltd.

     6,724        28,345  
     

 

 

 
Total Israel               65,484  
Italy – 1.6%  

ACEA SpA

     1,614        27,353  

Assicurazioni Generali SpA

     6,681        128,385  

Atlantia SpA

     3,532        109,247  

Azimut Holding SpA

     819        17,571  

Banca Generali SpA

     593        19,108  

Banca Mediolanum SpA

     4,236        36,884  

Enel SpA

     40,402        246,951  

Eni SpA

     22,670        398,360  

Hera SpA

     15,514        56,744  

Intesa Sanpaolo SpA

     78,487        285,093  

Mediobanca Banca di Credito Finanziario SpA

     2,003        23,521  

Poste Italiane SpA(b)

     6,171        56,313  

Snam SpA

     23,718        108,890  

Telecom Italia SpA RSP

     32,227        26,809  

Terna Rete Elettrica Nazionale SpA

     12,080        70,554  

UnipolSai Assicurazioni SpA

     16,135        38,358  
     

 

 

 
Total Italy               1,650,141  
Japan – 3.4%  

Amada Holdings Co., Ltd.

     2,900        35,231  

Aozora Bank Ltd.

     833        33,171  

Canon, Inc.

     7,300        264,475  

Chugoku Electric Power Co., Inc. (The)(a)

     3,000        36,164  

Daiwa Securities Group, Inc.(a)

     11,601        74,035  

ITOCHU Corp.

     9,342        181,526  

Japan Airlines Co., Ltd.

     1,700        68,448  

Japan Post Holdings Co., Ltd.

     13,900        167,427  

Japan Tobacco, Inc.

     6,900        198,922  

Konica Minolta, Inc.(a)

     3,400        29,157  

Marubeni Corp.

     7,269        52,622  

Mitsubishi Corp.

     4,000        107,645  

Mitsui & Co., Ltd.

     7,258      124,379  

Mizuho Financial Group, Inc.(a)

     77,700        139,838  

MS&AD Insurance Group Holdings, Inc.

     1,400        44,165  

Nissan Motor Co., Ltd.(a)

     21,800        226,302  

Nomura Holdings, Inc.

     2,500        14,464  

NTT DOCOMO, Inc.(a)

     10,400        265,647  

Resona Holdings, Inc.

     10,400        54,958  

Sankyo Co., Ltd.(a)

     800        28,209  

Showa Shell Sekiyu K.K.

     1,200        16,260  

Sony Financial Holdings, Inc.(a)

     1,100        20,024  

Subaru Corp.

     3,500        114,758  

Sumitomo Corp.

     6,186        104,176  

Sumitomo Mitsui Financial Group, Inc.

     4,700        197,015  

Sumitomo Mitsui Trust Holdings, Inc.

     900        36,449  

Takeda Pharmaceutical Co., Ltd.

     2,900        141,332  

Tokio Marine Holdings, Inc.

     700        31,166  

Toyota Motor Corp.

     11,400        731,594  
     

 

 

 
Total Japan               3,539,559  
Malaysia – 0.3%  

AMMB Holdings Bhd

     37,100        37,311  

Astro Malaysia Holdings Bhd

     25,600        13,237  

British American Tobacco Malaysia Bhd

     1,700        11,612  

DiGi.Com Bhd

     76,200        91,408  

Malayan Banking Bhd

     39,000        106,877  

Maxis Bhd

     34,400        51,048  

MISC Bhd

     9,400        17,133  

YTL Power International Bhd

     39,490        10,414  
     

 

 

 
Total Malaysia               339,040  
Mexico – 0.2%  

Alpek S.A.B. de C.V.

     9,106        12,601  

Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Class B

     6,488        9,295  

Concentradora Fibra Danhos S.A. de C.V.

     19,780        32,736  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     3,350        32,967  

Grupo Financiero Banorte S.A.B. de C.V. Class O

     15,280        93,027  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     8,346        15,564  

Nemak S.A.B. de C.V.(b)

     11,826        9,679  
     

 

 

 
Total Mexico               205,869  
Netherlands – 0.7%  

ABN AMRO Group N.V. CVA(b)

     2,503        75,326  

Aegon N.V.

     12,368        83,294  

Boskalis Westminster

     727        21,280  

ING Groep N.V.

     14,306        241,041  

Koninklijke Ahold Delhaize N.V.

     4,483        106,089  

Koninklijke KPN N.V.

     6,566        19,679  

NN Group N.V.

     1,672        74,110  

Randstad Holding N.V.(a)

     891        58,538  

Steinhoff International Holdings N.V.*

     15,851        4,367  
     

 

 

 
Total Netherlands               683,724  
New Zealand – 0.1%  

Air New Zealand Ltd.

     2,190        5,103  

Auckland International Airport Ltd.

     2,489        10,989  

 

See Notes to Financial Statements.

 

66   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Mercury NZ Ltd.

     13,557      $ 31,492  

Meridian Energy Ltd.

     16,275        33,520  

Spark New Zealand Ltd.

     25,448        61,316  

Z Energy Ltd.

     1,123        5,671  
     

 

 

 
Total New Zealand               148,091  
Norway – 0.9%  

Aker BP ASA

     1,015        27,434  

DNB ASA

     4,214        81,666  

Gjensidige Forsikring ASA

     2,370        43,349  

Marine Harvest ASA

     3,548        71,042  

Salmar ASA

     526        21,520  

Statoil ASA

     18,225        428,642  

Telenor ASA

     9,502        214,223  
     

 

 

 
Total Norway               887,876  
Philippines – 0.1%  

Aboitiz Power Corp.

     39,600        29,371  

DMCI Holdings, Inc.

     67,000        15,614  

Globe Telecom, Inc.

     470        14,610  

Manila Electric Co.

     8,000        48,757  

PLDT, Inc.

     1,205        33,949  
     

 

 

 
Total Philippines               142,301  
Poland – 0.1%  

Bank Handlowy w Warszawie S.A.

     947        20,901  

Bank Pekao S.A.

     1,120        40,317  

Powszechny Zaklad Ubezpieczen S.A.

     2,943        35,871  
     

 

 

 
Total Poland               97,089  
Portugal – 0.2%  

EDP – Energias de Portugal S.A.

     24,067        91,401  

Galp Energia, SGPS, S.A.

     3,329        62,662  

Jeronimo Martins, SGPS, S.A.

     1,554        28,295  

Navigator Co. S.A. (The)

     9,219        54,286  
     

 

 

 
Total Portugal               236,644  
Russia – 1.5%  

Gazprom PJSC ADR

     77,588        377,543  

Lukoil PJSC ADR

     5,355        368,959  

MegaFon PJSC GDR Reg S

     3,927        38,838  

MMC Norilsk Nickel PJSC ADR

     10,949        202,940  

Mobile TeleSystems PJSC ADR

     10,721        122,112  

Novolipetsk Steel PJSC GDR

     2,465        61,379  

PhosAgro PJSC GDR Reg S

     3,382        49,174  

RusHydro PJSC ADR

     14,647        18,426  

Severstal PJSC GDR Reg S

     6,373        96,169  

Sistema PJSC FC GDR Reg S

     1,840        7,434  

Tatneft PJSC ADR

     2,637        166,447  
     

 

 

 
Total Russia               1,509,421  
Singapore – 0.8%  

ComfortDelGro Corp., Ltd.

     9,900        15,477  

DBS Group Holdings Ltd.

     8,300        174,064  

Frasers Property Ltd.

     34,300        52,315  

Hutchison Port Holdings Trust

     85,400        25,193  

Keppel Corp., Ltd.

     8,900        52,736  

Oversea-Chinese Banking Corp., Ltd.

     14,503      141,790  

Singapore Telecommunications Ltd.

     93,200        239,521  

StarHub Ltd.(a)

     12,600        22,100  

United Overseas Bank Ltd.

     4,813        100,936  
     

 

 

 
Total Singapore               824,132  
South Africa – 1.4%  

Assore Ltd.

     666        16,413  

AVI Ltd.

     3,751        35,083  

Barclays Africa Group Ltd.

     3,685        58,997  

Exxaro Resources Ltd.

     1,530        14,074  

FirstRand Ltd.(a)

     23,320        131,668  

Foschini Group Ltd. (The)

     2,908        54,914  

Imperial Holdings Ltd.(a)

     2,160        42,521  

Kumba Iron Ore Ltd.(a)

     505        12,064  

Life Healthcare Group Holdings Ltd.

     10,983        25,593  

Mr. Price Group Ltd.

     1,448        34,829  

MTN Group Ltd.(a)

     19,094        191,798  

Nedbank Group Ltd.(a)

     3,294        79,381  

Netcare Ltd.

     12,880        30,437  

Resilient REIT Ltd.

     993        4,190  

RMB Holdings Ltd.

     7,849        51,107  

Sanlam Ltd.(a)

     12,696        91,399  

Sasol Ltd.

     3,454        117,545  

SPAR Group Ltd. (The)

     2,594        44,346  

Standard Bank Group Ltd.(a)

     7,951        146,743  

Telkom S.A. SOC Ltd.

     4,953        22,130  

Truworths International Ltd.

     5,204        47,227  

Vodacom Group Ltd.

     8,291        107,109  

Woolworths Holdings Ltd.

     10,303        52,173  
     

 

 

 
Total South Africa               1,411,741  
South Korea – 0.4%  

Coway Co., Ltd.

     487        41,029  

Doosan Corp.

     35        3,497  

Hyosung Corp.

     96        11,033  

Kia Motors Corp.

     1,536        44,672  

Korea Electric Power Corp.

     3,809        117,390  

KT&G Corp.

     892        83,685  

S-Oil Corp.

     284        31,973  

SK Telecom Co., Ltd.

     416        91,130  
     

 

 

 
Total South Korea               424,409  
Spain – 2.0%  

Abertis Infraestructuras S.A.

     6,856        153,628  

Acerinox S.A.

     2,868        40,016  

ACS Actividades de Construccion y Servicios S.A.

     1,994        77,616  

Atresmedia Corp. de Medios de Comunicacion S.A.

     1,121        10,678  

Banco Bilbao Vizcaya Argentaria S.A.

     21,182        167,480  

Banco Santander S.A.

     44,256        288,198  

CaixaBank S.A.

     15,185        72,311  

Enagas S.A.

     1,921        52,519  

Endesa S.A.

     5,874        129,204  

Ferrovial S.A.

     2,010        41,937  

Gas Natural SDG S.A.

     5,735        136,761  

Iberdrola S.A.

     39,101        287,184  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      67  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Mapfre S.A.

     14,759      $ 49,027  

Mediaset Espana Comunicacion S.A.

     3,266        33,202  

Red Electrica Corp. S.A.

     3,682        75,759  

Repsol S.A.

     8,755        155,211  

Telefonica S.A.

     31,061        306,673  
     

 

 

 
Total Spain               2,077,404  
Sweden – 1.0%  

Axfood AB

     856        14,591  

Hennes & Mauritz AB Class B(a)

     6,247        93,375  

ICA Gruppen AB

     926        32,662  

Nordea Bank AB

     21,482        228,548  

Skandinaviska Enskilda Banken AB Class A

     12,981        135,533  

Skanska AB Class B

     3,781        77,044  

SKF AB Class B(a)

     1,883        38,335  

Svenska Cellulosa AB SCA Class B

     1,465        15,555  

Svenska Handelsbanken AB Class A(a)

     8,255        102,710  

Swedbank AB Class A

     6,415        143,240  

Telia Co. AB

     28,693        134,338  
     

 

 

 
Total Sweden               1,015,931  
Switzerland – 2.7%  

ABB Ltd. Registered Shares

     9,021        214,032  

Adecco Group AG Registered Shares

     665        47,222  

Baloise Holding AG Registered Shares

     538        82,082  

Credit Suisse Group AG Registered Shares*

     8,164        136,323  

Kuehne + Nagel International AG Registered Shares

     790        123,994  

LafargeHolcim Ltd. Registered Shares*

     1,568        85,638  

Novartis AG Registered Shares

     9,375        756,383  

Roche Holding AG Genusschein

     2,227        509,540  

Sulzer AG Registered Shares

     386        50,588  

Swiss Re AG

     1,555        157,968  

Swisscom AG Registered Shares(a)

     341        168,648  

UBS Group AG Registered Shares*

     12,122        212,604  

Zurich Insurance Group AG

     864        282,767  
     

 

 

 
Total Switzerland               2,827,789  
Taiwan – 2.6%  

Advanced Semiconductor Engineering, Inc.

     48,173        69,392  

Asia Cement Corp.

     23,514        23,025  

Asustek Computer, Inc.

     8,486        80,328  

AU Optronics Corp.

     84,000        39,181  

Catcher Technology Co., Ltd.

     5,000        61,049  

Cathay Financial Holding Co., Ltd.

     56,000        100,833  

Cheng Shin Rubber Industry Co., Ltd.

     17,197        27,750  

China Development Financial Holding Corp.

     152,000        53,696  

China Steel Corp.

     63,000        50,669  

Chunghwa Telecom Co., Ltd.

     35,000        135,645  

Compal Electronics, Inc.

     32,000        21,895  

CTBC Financial Holding Co., Ltd.

     105,480        76,694  

Far Eastern New Century Corp.

     28,994        26,302  

Far EasTone Telecommunications Co., Ltd.

     10,000        26,820  

Feng TAY Enterprise Co., Ltd.

     4,000        17,903  

First Financial Holding Co., Ltd.

     85,391        59,452  

Formosa Chemicals & Fibre Corp.

     42,000        156,292  

Formosa Petrochemical Corp.

     35,000      142,247  

Formosa Plastics Corp.

     41,000        146,243  

Foxconn Technology Co., Ltd.

     6,000        16,380  

Fubon Financial Holding Co., Ltd.

     61,195        105,360  

Hon Hai Precision Industry Co., Ltd.

     127,500        387,000  

Hotai Motor Co., Ltd.

     3,000        30,353  

Inventec Corp.

     39,000        30,965  

Lite-On Technology Corp.

     32,000        45,437  

Mega Financial Holding Co., Ltd.

     92,941        80,328  

Nan Ya Plastics Corp.

     56,000        156,724  

Novatek Microelectronics Corp.

     8,000        36,355  

Pegatron Corp.

     27,680        69,302  

Pou Chen Corp.

     35,000        47,296  

Powertech Technology, Inc.

     7,000        22,015  

Quanta Computer, Inc.

     28,210        57,180  

Siliconware Precision Industries Co., Ltd.

     18,000        31,361  

SinoPac Financial Holdings Co., Ltd.

     96,666        34,314  

Taiwan Cement Corp.

     33,000        41,367  

Taiwan Mobile Co., Ltd.

     16,800        63,381  

United Microelectronics Corp.

     92,000        48,908  

Wistron Corp.

     31,000        26,474  

WPG Holdings Ltd.

     15,000        19,704  

Yuanta Financial Holding Co., Ltd.

     107,000        48,992  
     

 

 

 
Total Taiwan               2,714,612  
Thailand – 0.5%  

Advanced Info Service PCL NVDR

     8,900        59,201  

Glow Energy PCL NVDR

     14,400        39,603  

Intouch Holdings PCL NVDR

     30,271        56,147  

Krung Thai Bank PCL NVDR

     35,800        21,638  

Land & Houses PCL NVDR

     149,100        50,066  

PTT Exploration & Production PCL NVDR

     17,800        65,177  

PTT Global Chemical PCL NVDR

     24,136        72,941  

PTT PCL NVDR

     2,700        47,662  

Siam Commercial Bank PCL (The) NVDR

     18,800        85,974  
     

 

 

 
Total Thailand               498,409  
Turkey – 0.2%  

Eregli Demir ve Celik Fabrikalari TAS

     16,365        43,294  

Ford Otomotiv Sanayi AS

     3,790        59,604  

Tupras Turkiye Petrol Rafinerileri AS

     2,337        63,950  

Turkcell Iletisim Hizmetleri AS

     6,783        25,941  
     

 

 

 
Total Turkey               192,789  
United Kingdom – 7.6%  

Admiral Group PLC

     1,362        35,232  

AstraZeneca PLC

     5,998        411,907  

Aviva PLC

     16,348        113,725  

BAE Systems PLC

     19,190        156,511  

Barratt Developments PLC

     5,504        40,952  

Berkeley Group Holdings PLC

     1,177        62,560  

BHP Billiton PLC

     9,566        188,352  

BP PLC

     149,500        1,005,076  

British American Tobacco PLC

     7,999        463,539  

BT Group PLC

     56,944        181,729  

Centrica PLC

     34,523        68,866  

 

See Notes to Financial Statements.

 

68   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Direct Line Insurance Group PLC

     4,965      $ 26,557  

Dixons Carphone PLC

     9,316        24,379  

easyJet PLC

     2,688        60,501  

Evraz PLC

     10,952        66,754  

G4S PLC

     2,856        9,940  

GlaxoSmithKline PLC

     31,571        617,372  

HSBC Holdings PLC

     87,799        819,536  

Imperial Brands PLC

     5,776        196,568  

Inmarsat PLC

     4,497        22,843  

Intu Properties PLC(a)

     5,890        17,161  

ITV PLC

     44,216        89,411  

J Sainsbury PLC

     16,733        56,054  

Kingfisher PLC

     5,800        23,799  

Legal & General Group PLC

     38,571        139,489  

Lloyds Banking Group PLC

     254,918        231,224  

Man Group PLC

     16,936        40,769  

Marks & Spencer Group PLC

     11,728        44,453  

National Grid PLC

     22,506        253,266  

NEX Group PLC

     4,276        58,844  

Next PLC

     575        38,387  

Old Mutual PLC

     23,894        80,210  

Pearson PLC

     5,805        60,993  

Pennon Group PLC

     2,699        24,360  

Persimmon PLC

     2,181        77,406  

Rio Tinto PLC

     7,248        367,148  

Royal Dutch Shell PLC Class A

     26,819        840,281  

Royal Mail PLC

     7,483        56,769  

Severn Trent PLC

     1,841        47,622  

SSE PLC

     7,688        137,613  

Standard Life Aberdeen PLC

     14,066        70,975  

Tate & Lyle PLC

     2,250        17,189  

Taylor Wimpey PLC

     16,852        43,639  

United Utilities Group PLC

     5,751        57,715  

Vedanta Resources PLC

     1,480        14,683  

Vodafone Group PLC

     172,155        469,039  

William Hill PLC

     2,687        12,450  
     

 

 

 
Total United Kingdom               7,943,848  
United States – 50.8%  

AbbVie, Inc.

     11,096        1,050,236  

Acadia Realty Trust

     618        15,203  

AES Corp.

     6,606        75,110  

Alexander’s, Inc.

     31        11,818  

Alexandria Real Estate Equities, Inc.

     375        46,834  

Alliant Energy Corp.

     1,736        70,933  

Altria Group, Inc.

     17,986        1,120,888  

Ameren Corp.

     2,463        139,480  

American Campus Communities, Inc.

     916        35,376  

American Eagle Outfitters, Inc.

     2,073        41,315  

American Electric Power Co., Inc.

     4,268        292,742  

AmTrust Financial Services, Inc.

     1,113        13,701  

Apartment Investment & Management Co. Class A

     671        27,343  

Apple Hospitality REIT, Inc.

     1,852        32,540  

Archer-Daniels-Midland Co.

     4,274        185,363  

AT&T, Inc.

     81,810        2,916,526  

AvalonBay Communities, Inc.

     689      113,313  

Avangrid, Inc.

     2,880        147,226  

B&G Foods, Inc.(a)

     1,238        29,341  

BB&T Corp.

     2,934        152,685  

BGC Partners, Inc. Class A

     1,361        18,305  

Brandywine Realty Trust

     3,317        52,674  

Brixmor Property Group, Inc.

     3,376        51,484  

CA, Inc.

     3,085        104,581  

Camden Property Trust

     892        75,089  

Campbell Soup Co.

     2,519        109,098  

Cardinal Health, Inc.

     1,854        116,209  

CenterPoint Energy, Inc.

     5,233        143,384  

CenturyLink, Inc.

     14,021        230,365  

CF Industries Holdings, Inc.

     2,285        86,213  

Chevron Corp.

     17,094        1,949,400  

Cinemark Holdings, Inc.

     936        35,259  

Cisco Systems, Inc.

     39,998        1,715,514  

CME Group, Inc.

     3,157        510,613  

CMS Energy Corp.

     1,721        77,944  

CNA Financial Corp.

     2,595        128,063  

Coca-Cola Co. (The)

     33,617        1,459,986  

Colony NorthStar, Inc. Class A

     6,321        35,524  

Columbia Property Trust, Inc.

     1,510        30,895  

Compass Minerals International, Inc.(a)

     560        33,768  

Consolidated Edison, Inc.

     2,688        209,503  

CoreCivic, Inc.

     1,461        28,519  

CoreSite Realty Corp.

     86        8,622  

Coty, Inc. Class A

     5,095        93,238  

Cracker Barrel Old Country Store, Inc.(a)

     229        36,457  

Crown Castle International Corp.

     2,815        308,552  

CubeSmart

     1,405        39,621  

CVR Energy, Inc.(a)

     1,383        41,794  

Cypress Semiconductor Corp.

     3,921        66,500  

Darden Restaurants, Inc.

     1,071        91,303  

DDR Corp.

     6,967        51,068  

DiamondRock Hospitality Co.

     1,026        10,711  

Dominion Energy, Inc.

     4,960        334,453  

Domtar Corp.

     592        25,184  

DTE Energy Co.

     1,339        139,792  

Duke Energy Corp.

     7,014        543,375  

Edison International

     1,611        102,556  

Education Realty Trust, Inc.

     616        20,174  

Emerson Electric Co.

     5,780        394,774  

Entergy Corp.

     2,329        183,479  

EPR Properties

     1,202        66,591  

Equity Residential

     1,752        107,958  

Eversource Energy

     2,260        133,159  

Exelon Corp.

     8,262        322,301  

Extended Stay America, Inc.

     2,618        51,758  

Extra Space Storage, Inc.

     849        74,169  

Exxon Mobil Corp.

     37,326        2,784,893  

Fastenal Co.

     1,576        86,034  

Federal Realty Investment Trust

     370        42,961  

FirstEnergy Corp.

     4,561        155,120  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      69  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Flowers Foods, Inc.

     1,922      $ 42,015  

Foot Locker, Inc.

     1,383        62,982  

Ford Motor Co.

     46,423        514,367  

GameStop Corp. Class A(a)

     1,931        24,369  

Gaming and Leisure Properties, Inc.

     2,045        68,446  

Gap, Inc. (The)

     3,198        99,778  

General Electric Co.

     89,827        1,210,868  

General Mills, Inc.

     5,415        244,000  

General Motors Co.

     13,283        482,704  

Genuine Parts Co.

     929        83,461  

GEO Group, Inc. (The)

     1,486        30,418  

GGP, Inc.

     6,511        133,215  

Gramercy Property Trust

     688        14,950  

Great Plains Energy, Inc.

     2,231        70,923  

H&R Block, Inc.

     1,846        46,907  

Harley-Davidson, Inc.(a)

     1,088        46,653  

Hawaiian Electric Industries, Inc.

     1,485        51,054  

HCP, Inc.

     5,747        133,503  

Healthcare Realty Trust, Inc.

     568        15,739  

Healthcare Trust of America, Inc. Class A

     960        25,392  

Helmerich & Payne, Inc.

     1,559        103,767  

Highwoods Properties, Inc.

     1,129        49,473  

HollyFrontier Corp.

     2,196        107,297  

Hospitality Properties Trust

     2,366        59,954  

Host Hotels & Resorts, Inc.

     8,008        149,269  

HP, Inc.

     11,752        257,604  

Hudson Pacific Properties, Inc.

     388        12,622  

Intel Corp.

     30,690        1,598,335  

International Business Machines Corp.

     8,974        1,376,881  

International Paper Co.

     3,347        178,830  

Interpublic Group of Cos., Inc. (The)

     2,742        63,148  

Iron Mountain, Inc.

     3,017        99,139  

J.M. Smucker Co. (The)

     893        110,741  

Kellogg Co.

     3,014        195,940  

Kennedy-Wilson Holdings, Inc.

     726        12,632  

Kimberly-Clark Corp.

     2,598        286,118  

Kimco Realty Corp.

     4,749        68,386  

Kinder Morgan, Inc.

     14,389        216,698  

Kohl’s Corp.

     2,090        136,916  

Kraft Heinz Co. (The)

     9,193        572,632  

L Brands, Inc.

     3,985        152,267  

Lamar Advertising Co. Class A

     1,151        73,273  

Las Vegas Sands Corp.

     9,695        697,070  

LaSalle Hotel Properties

     1,273        36,930  

Leggett & Platt, Inc.

     974        43,207  

Lexington Realty Trust

     2,055        16,173  

Liberty Property Trust

     2,121        84,267  

Life Storage, Inc.

     435        36,331  

Macerich Co. (The)

     1,376        77,084  

Macquarie Infrastructure Corp.

     1,617        59,716  

Macy’s, Inc.

     5,522        164,224  

Marathon Petroleum Corp.

     4,200        307,062  

Maxim Integrated Products, Inc.

     1,917        115,442  

MDU Resources Group, Inc.

     1,872        52,716  

Medical Properties Trust, Inc.

     4,850      63,050  

Merck & Co., Inc.

     20,593        1,121,701  

Mercury General Corp.

     506        23,210  

Meredith Corp.

     286        15,387  

MetLife, Inc.

     7,273        333,758  

Mid-America Apartment Communities, Inc.

     557        50,821  

Mosaic Co. (The)

     4,087        99,232  

Murphy Oil Corp.

     2,523        65,194  

National Fuel Gas Co.

     485        24,953  

National Health Investors, Inc.

     307        20,658  

National Retail Properties, Inc.

     1,314        51,588  

Navient Corp.

     4,170        54,710  

New York Community Bancorp, Inc.

     6,076        79,170  

Nordstrom, Inc.

     1,394        67,484  

NorthWestern Corp.

     538        28,944  

Nucor Corp.

     2,425        148,143  

Occidental Petroleum Corp.

     8,566        556,447  

OGE Energy Corp.

     1,586        51,973  

Old Republic International Corp.

     3,560        76,362  

Omega Healthcare Investors, Inc.(a)

     2,701        73,035  

Omnicom Group, Inc.

     1,426        103,627  

ONEOK, Inc.

     2,854        162,450  

Outfront Media, Inc.

     2,185        40,947  

PacWest Bancorp

     1,289        63,844  

Park Hotels & Resorts, Inc.

     1,301        35,153  

Pattern Energy Group, Inc. Class A

     892        15,423  

Paychex, Inc.

     2,739        168,695  

PBF Energy, Inc. Class A

     1,489        50,477  

Pebblebrook Hotel Trust

     200        6,870  

People’s United Financial, Inc.

     4,249        79,286  

PepsiCo, Inc.

     9,328        1,018,151  

Pfizer, Inc.

     52,403        1,859,782  

Philip Morris International, Inc.

     14,733        1,464,460  

Phillips 66

     3,724        357,206  

Physicians Realty Trust

     1,347        20,973  

Piedmont Office Realty Trust, Inc. Class A

     2,573        45,259  

Pinnacle West Capital Corp.

     1,172        93,526  

Pitney Bowes, Inc.

     2,184        23,784  

PPL Corp.

     7,093        200,661  

Principal Financial Group, Inc.

     1,541        93,862  

ProAssurance Corp.

     975        47,336  

Procter & Gamble Co. (The)

     19,797        1,569,506  

Prologis, Inc.

     3,955        249,125  

Prudential Financial, Inc.

     2,850        295,117  

Public Service Enterprise Group, Inc.

     4,351        218,594  

Public Storage

     1,152        230,849  

QTS Realty Trust, Inc. Class A

     154        5,578  

QUALCOMM, Inc.

     14,909        826,108  

Rayonier, Inc.

     1,618        56,921  

Realty Income Corp.

     2,120        109,668  

Retail Opportunity Investments Corp.

     851        15,037  

Retail Properties of America, Inc. Class A

     2,421        28,229  

RLJ Lodging Trust

     2,636        51,244  

Ryman Hospitality Properties, Inc.

     306        23,700  

 

See Notes to Financial Statements.

 

70   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Sabra Health Care REIT, Inc.

     847      $ 14,950  

Sabre Corp.

     1,638        35,135  

SCANA Corp.

     1,721        64,624  

Select Income REIT

     1,066        20,766  

SemGroup Corp. Class A

     935        20,009  

Sempra Energy

     1,424        158,377  

Senior Housing Properties Trust

     4,491        70,329  

Simon Property Group, Inc.

     2,390        368,896  

Six Flags Entertainment Corp.

     841        52,361  

SL Green Realty Corp.

     432        41,831  

South Jersey Industries, Inc.

     984        27,709  

Southern Co. (The)

     9,934        443,652  

Spirit Realty Capital, Inc.

     6,841        53,086  

STORE Capital Corp.

     1,320        32,762  

Sun Communities, Inc.

     199        18,183  

T. Rowe Price Group, Inc.

     1,260        136,042  

Tanger Factory Outlet Centers, Inc.

     1,376        30,272  

Tapestry, Inc.

     2,968        156,146  

Targa Resources Corp.

     3,367        148,148  

Target Corp.

     5,291        367,354  

Taubman Centers, Inc.

     757        43,081  

TEGNA, Inc.

     1,585        18,053  

Tupperware Brands Corp.

     748        36,188  

UDR, Inc.

     1,358        48,372  

Umpqua Holdings Corp.

     3,248        69,540  

United Parcel Service, Inc. Class B

     4,365        456,841  

Uniti Group, Inc.(a)

     4,026        65,422  

Urban Edge Properties

     660        14,091  

Valero Energy Corp.

     4,520        419,320  

Vector Group Ltd.

     2,186        44,573  

Vectren Corp.

     781        49,922  

Ventas, Inc.

     3,317        164,291  

VEREIT, Inc.

     10,765        74,924  

Verizon Communications, Inc.

     48,294        2,309,419  

VF Corp.

     2,372        175,813  

Viacom, Inc. Class B

     3,293        102,281  

Vornado Realty Trust

     939        63,195  

W.P. Carey, Inc.

     1,624        100,672  

W.W. Grainger, Inc.

     374        105,569  

WEC Energy Group, Inc.

     2,183        136,874  

Weingarten Realty Investors

     1,183        33,219  

Wells Fargo & Co.

     28,231        1,479,587  

Welltower, Inc.

     3,646        198,452  

Westar Energy, Inc.

     635        33,395  

Western Union Co. (The)

     3,438        66,113  

WestRock Co.

     1,654        106,137  

Weyerhaeuser Co.

     6,246        218,610  

Williams Cos., Inc. (The)

     8,528        212,006  

Williams-Sonoma, Inc.(a)

     655        34,558  

Xcel Energy, Inc.

     4,348        197,747  

Xerox Corp.

     1,786        51,401  
     

 

 

 
Total United States               53,038,414  
TOTAL COMMON STOCKS
(Cost: $98,542,562)
              103,509,234  
EXCHANGE-TRADED NOTE – 0.3%  
United States – 0.3%  

iPath MSCI India Index ETN*

     
(Cost: $338,656)      4,043      336,054  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.4%  
United States – 2.4%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $2,514,939)(d)      2,514,939        2,514,939  
TOTAL INVESTMENTS IN SECURITIES – 101.9% (Cost: $101,396,157)         106,360,227  

Other Assets less Liabilities – (1.9)%

        (2,002,341
     

 

 

 
NET ASSETS – 100.0%             $ 104,357,886  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (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 March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $2,728,565 and the total market value of the collateral held by the Fund was $2,873,896. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $358,957.

ADR – American Depositary Receipt

CVA – Certificaten Van Aandelen (Certificate of Stock)

ETN – Exchange-Traded Note

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.

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      71  


Table of Contents

Schedule of Investments

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.9%  
India – 100.9%  
Aerospace & Defense – 0.2%  

Bharat Electronics Ltd.

     1,262,088      $ 2,737,162  
Air Freight & Logistics – 0.1%  

Allcargo Logistics Ltd.

     207,594        468,522  

Transport Corp. of India Ltd.

     95,589        396,299  
     

 

 

 
Total Air Freight & Logistics               864,821  
Airlines – 0.4%  

InterGlobe Aviation Ltd.(a)

     118,870        2,351,913  

Jet Airways India Ltd.*

     303,584        2,833,517  

SpiceJet Ltd.*

     1,060,901        2,035,699  
     

 

 

 
Total Airlines               7,221,129  
Auto Components – 1.7%  

Apollo Tyres Ltd.

     1,422,303        6,041,686  

Balkrishna Industries Ltd.

     194,995        3,194,970  

Bharat Forge Ltd.

     479,948        5,148,526  

Bosch Ltd.

     9,675        2,672,727  

Ceat Ltd.

     118,212        2,730,115  

Exide Industries Ltd.

     555,531        1,898,143  

Igarashi Motors India Ltd.

     21,431        265,827  

JK Tyre & Industries Ltd.

     504,069        1,259,367  

Mahindra CIE Automotive Ltd.*

     131,254        432,169  

Motherson Sumi Systems Ltd.

     760,433        3,625,429  

Sundram Fasteners Ltd.

     85,431        722,123  

Tube Investments of India Ltd.

     239,642        817,157  
     

 

 

 
Total Auto Components               28,808,239  
Automobiles – 5.5%  

Bajaj Auto Ltd.

     208,454        8,772,290  

Hero MotoCorp Ltd.

     262,691        14,269,203  

Mahindra & Mahindra Ltd.

     1,631,529        18,483,676  

Maruti Suzuki India Ltd.

     219,869        29,871,672  

Tata Motors Ltd.*

     3,821,072        19,148,802  

TVS Motor Co., Ltd.

     187,275        1,778,233  
     

 

 

 
Total Automobiles               92,323,876  
Banks – 9.2%  

Axis Bank Ltd.

     3,246,632        25,411,874  

Bank of Baroda

     1,309,865        2,857,849  

Canara Bank

     338,686        1,370,391  

City Union Bank Ltd.

     717,664        1,897,546  

DCB Bank Ltd.

     525,783        1,302,331  

Federal Bank Ltd.

     2,677,136        3,661,366  

ICICI Bank Ltd.

     10,965,921        46,799,824  

IDFC Bank Ltd.

     3,759,636        2,729,441  

Indian Bank

     493,390        2,267,931  

IndusInd Bank Ltd.

     575,771        15,861,539  

Karnataka Bank Ltd. (The)

     1,622,899        2,859,035  

Karur Vysya Bank Ltd. (The)

     857,229        1,320,245  

Kotak Mahindra Bank Ltd.

     1,200,601        19,287,902  

Lakshmi Vilas Bank Ltd. (The)

     272,922        412,176  

Punjab National Bank*

     725,484        1,060,056  

RBL Bank Ltd.(a)

     36,918        271,614  

South Indian Bank Ltd. (The)

     7,911,533      2,765,689  

State Bank of India

     512,712        1,964,480  

Union Bank of India*

     225,571        325,101  

Vijaya Bank

     1,428,993        1,140,404  

Yes Bank Ltd.

     4,023,912        18,807,998  
     

 

 

 
Total Banks               154,374,792  
Beverages – 0.1%  

United Spirits Ltd.*

     43,488        2,086,763  
Biotechnology – 0.2%  

Biocon Ltd.

     374,959        3,414,326  
Building Products – 0.1%  

Kajaria Ceramics Ltd.

     103,028        904,433  

Somany Ceramics Ltd.

     10,254        104,377  
     

 

 

 
Total Building Products               1,008,810  
Capital Markets – 0.7%  

5Paisa Capital Ltd.*

     14,062        72,011  

Care Ratings Ltd.

     53,696        995,104  

CRISIL Ltd.

     27,350        790,223  

Edelweiss Financial Services Ltd.

     990,571        3,617,723  

IIFL Holdings Ltd.

     351,950        3,808,105  

JM Financial Ltd.

     826,243        1,631,667  

Motilal Oswal Financial Services Ltd.

     6,464        99,341  
     

 

 

 
Total Capital Markets               11,014,174  
Chemicals – 2.7%  

Aarti Industries

     33,877        595,663  

Advanced Enzyme Technologies Ltd.

     29,639        96,885  

Asian Paints Ltd.

     350,975        6,029,165  

Atul Ltd.

     33,153        1,328,424  

Berger Paints India Ltd.

     244,023        960,427  

Castrol India Ltd.

     473,572        1,487,770  

Chambal Fertilizers and Chemicals Ltd.

     847,914        2,140,531  

Coromandel International Ltd.

     126,931        1,022,019  

DCM Shriram Ltd.

     170,161        1,106,853  

Deepak Fertilisers & Petrochemicals Corp., Ltd.

     68,220        301,763  

Dhanuka Agritech Ltd.

     64,803        547,264  

EID Parry India Ltd.*

     219,456        920,937  

Finolex Industries Ltd.

     77,871        787,704  

GHCL Ltd.

     315,527        1,250,319  

Godrej Industries Ltd.

     175,428        1,479,076  

Gujarat Alkalies & Chemicals Ltd.

     107,474        1,151,089  

Gujarat Fluorochemicals Ltd.

     44,297        540,964  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     203,465        1,135,375  

Gulf Oil Lubricants India Ltd.

     45,418        636,650  

I G Petrochemicals Ltd.

     30,412        298,657  

Jindal Poly Films Ltd.

     87,157        418,067  

Kansai Nerolac Paints Ltd.

     261,550        2,028,343  

PI Industries Ltd.

     140,366        1,905,071  

Pidilite Industries Ltd.

     124,103        1,746,378  

Rain Industries Ltd.

     159,618        916,886  

Rallis India Ltd.

     221,682        809,788  

Rashtriya Chemicals & Fertilizers Ltd.

     560,516        629,082  

 

See Notes to Financial Statements.

 

72   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

SH Kelkar & Co., Ltd.(a)

     188,354      $ 748,111  

Supreme Industries Ltd.

     67,027        1,227,101  

Supreme Petrochem Ltd.

     71,932        354,632  

UPL Ltd.

     872,752        9,771,704  
     

 

 

 
Total Chemicals               44,372,698  
Communications Equipment – 0.1%  

Sterlite Technologies Ltd.

     191,219        915,904  
Construction & Engineering – 1.4%  

Engineers India Ltd.

     168,774        410,021  

IRB Infrastructure Developers Ltd.

     794,382        2,716,077  

ITD Cementation India Ltd.

     212,003        511,141  

J Kumar Infraprojects Ltd.

     92,967        386,854  

Kalpataru Power Transmission Ltd.

     65,564        486,791  

Larsen & Toubro Ltd.

     739,578        14,864,881  

PNC Infratech Ltd.

     121,791        327,531  

Voltas Ltd.

     371,804        3,539,514  
     

 

 

 
Total Construction & Engineering               23,242,810  
Construction Materials – 1.9%  

ACC Ltd.

     91,878        2,123,620  

Ambuja Cements Ltd.

     1,101,079        3,932,684  

Birla Corp., Ltd.

     37,852        414,783  

Dalmia Bharat Ltd.

     6,567        289,390  

Grasim Industries Ltd.

     737,275        11,879,517  

HeidelbergCement India Ltd.

     75,817        165,533  

India Cements Ltd. (The)

     121,919        264,973  

JK Cement Ltd.

     33,592        522,795  

JK Lakshmi Cement Ltd.

     21,685        153,407  

Ramco Cements Ltd. (The)

     161,607        1,793,315  

Ramco Industries Ltd.

     127,330        448,923  

Shree Cement Ltd.

     9,406        2,335,784  

UltraTech Cement Ltd.

     114,048        6,907,051  
     

 

 

 
Total Construction Materials               31,231,775  
Consumer Finance – 1.8%  

Bajaj Finance Ltd.

     238,532        6,464,371  

Cholamandalam Investment and Finance Co., Ltd.

     58,118        1,292,473  

Mahindra & Mahindra Financial Services Ltd.

     586,194        4,163,559  

Manappuram Finance Ltd.

     1,697,356        2,837,961  

Muthoot Finance Ltd.

     255,996        1,599,246  

Repco Home Finance Ltd.

     37,303        321,631  

Shriram City Union Finance Ltd.

     85,066        2,780,094  

Shriram Transport Finance Co., Ltd.

     432,463        9,545,500  

Sundaram Finance Ltd.

     44,389        1,141,479  
     

 

 

 
Total Consumer Finance               30,146,314  
Containers & Packaging – 0.1%  

HSIL Ltd.

     96,588        549,717  

Nilkamal Ltd.

     14,541        338,846  

Time Technoplast Ltd.

     135,690        333,183  

Uflex Ltd.

     142,427        747,056  
     

 

 

 
Total Containers & Packaging               1,968,802  
Diversified Financial Services – 2.1%  

Bajaj Holdings & Investment Ltd.

     102,111        4,171,538  

IDFC Ltd.

     2,696,649        2,015,612  

L&T Finance Holdings Ltd.

     1,308,013      3,150,621  

Power Finance Corp., Ltd.

     3,556,993        4,671,090  

Reliance Capital Ltd.

     232,672        1,510,081  

Rural Electrification Corp., Ltd.

     9,012,287        17,230,955  

Srei Infrastructure Finance Ltd.

     550,979        620,912  

TI Financial Holdings Ltd.

     236,141        2,353,021  
     

 

 

 
Total Diversified Financial Services               35,723,830  
Diversified Telecommunication Services – 0.6%  

Bharti Infratel Ltd.

     1,182,781        6,096,005  

Himachal Futuristic Communications Ltd.*

     5,245,498        2,079,003  

Tata Communications Ltd.

     156,879        1,491,659  
     

 

 

 
Total Diversified Telecommunication Services               9,666,667  
Electric Utilities – 2.1%  

Adani Transmission Ltd.*

     1,212,833        3,601,957  

CESC Ltd.

     204,695        3,032,370  

Power Grid Corp. of India Ltd.

     6,097,161        18,065,711  

Reliance Infrastructure Ltd.

     964,209        6,319,972  

Tata Power Co., Ltd. (The)

     2,243,132        2,717,001  

Torrent Power Ltd.

     557,140        1,958,310  
     

 

 

 
Total Electric Utilities               35,695,321  
Electrical Equipment – 0.5%  

ABB India Ltd.

     41,912        831,953  

Amara Raja Batteries Ltd.

     75,184        916,432  

Bharat Heavy Electricals Ltd.

     250,263        312,149  

Finolex Cables Ltd.

     80,380        831,693  

Havells India Ltd.

     455,954        3,410,478  

Suzlon Energy Ltd.*

     14,052,777        2,305,440  
     

 

 

 
Total Electrical Equipment               8,608,145  
Electronic Equipment, Instruments & Components – 0.1%  

Redington India Ltd.

     894,668        2,013,705  
Food Products – 0.7%  

Balrampur Chini Mills Ltd.

     589,978        684,310  

Britannia Industries Ltd.

     34,195        2,606,029  

Kaveri Seed Co., Ltd.

     114,443        848,211  

KRBL Ltd.

     389,876        2,607,175  

Nestle India Ltd.

     27,648        3,477,550  

Tata Global Beverages Ltd.

     298,895        1,185,788  
     

 

 

 
Total Food Products               11,409,063  
Gas Utilities – 0.8%  

GAIL India Ltd.

     1,460,025        7,354,781  

Gujarat Gas Ltd.

     33,180        423,871  

Gujarat State Petronet Ltd.

     962,027        2,795,145  

Indraprastha Gas Ltd.

     696,620        2,984,750  
     

 

 

 
Total Gas Utilities               13,558,547  
Health Care Providers & Services – 0.2%  

Apollo Hospitals Enterprise Ltd.

     109,501        1,787,446  

Dr Lal PathLabs Ltd.(a)

     28,714        385,793  

Fortis Healthcare Ltd.*

     273,569        517,385  

Thyrocare Technologies Ltd.(a)

     12,920        118,232  
     

 

 

 
Total Health Care Providers & Services               2,808,856  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      73  


Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Hotels, Restaurants & Leisure – 0.0%  

Cox & Kings Ltd.

     167,381      $ 585,125  

EIH Ltd.

     57,786        140,962  
     

 

 

 
Total Hotels, Restaurants & Leisure               726,087  
Household Durables – 0.2%  

Crompton Greaves Consumer Electricals Ltd.

     481,124        1,746,445  

Whirlpool of India Ltd.

     59,521        1,378,247  
     

 

 

 
Total Household Durables               3,124,692  
Household Products – 1.0%  

Hindustan Unilever Ltd.

     845,578        17,286,447  

Jyothy Laboratories Ltd.

     51,619        313,291  
     

 

 

 
Total Household Products               17,599,738  
Independent Power & Renewable Electricity Producers – 2.2%  

JSW Energy Ltd.

     2,357,831        2,631,795  

NHPC Ltd.

     12,424,194        5,276,621  

NLC India Ltd.

     661,335        849,208  

NTPC Ltd.

     8,849,889        23,026,480  

PTC India Ltd.

     1,678,909        2,249,813  

Reliance Power Ltd.*

     4,829,333        2,673,020  
     

 

 

 
Total Independent Power & Renewable Electricity Producers               36,706,937  
Industrial Conglomerates – 0.3%  

Nava Bharat Ventures Ltd.

     257,993        532,823  

Siemens Ltd.

     257,427        4,234,489  
     

 

 

 
Total Industrial Conglomerates               4,767,312  
Insurance – 0.5%  

Bajaj Finserv Ltd.

     79,480        6,302,117  

ICICI Prudential Life Insurance Co., Ltd.(a)

     105,961        631,330  

Max Financial Services Ltd.*

     141,862        986,287  

Sundaram Finance Holdings Ltd.*

     43,981        209,380  
     

 

 

 
Total Insurance               8,129,114  
IT Services – 18.2%  

HCL Technologies Ltd.

     2,329,602        34,596,653  

Hexaware Technologies Ltd.

     421,881        2,437,622  

Infosys Ltd.

     8,272,496        143,553,617  

Mindtree Ltd.

     580,708        6,873,135  

Mphasis Ltd.

     394,416        5,066,136  

Persistent Systems Ltd.

     123,461        1,313,798  

Sonata Software Ltd.

     60,531        290,396  

Tata Consultancy Services Ltd.

     1,548,708        67,653,885  

Tech Mahindra Ltd.

     2,076,198        20,331,694  

Vakrangee Ltd.

     1,156,563        3,925,154  

Wipro Ltd.

     4,265,485        18,387,149  
     

 

 

 
Total IT Services               304,429,239  
Life Sciences Tools & Services – 0.3%  

Divi’s Laboratories Ltd.

     250,423        4,185,895  

Syngene International Ltd.(a)

     24,392        223,344  
     

 

 

 
Total Life Sciences Tools & Services               4,409,239  
Machinery – 1.3%  

AIA Engineering Ltd.

     98,754        2,182,464  

Ashok Leyland Ltd.

     3,000,564        6,691,516  

Cummins India Ltd.

     171,094      1,836,943  

Eicher Motors Ltd.

     12,691        5,520,821  

Escorts Ltd.

     223,628        2,805,049  

Force Motors Ltd.

     8,774        367,659  

Greaves Cotton Ltd.

     214,177        373,536  

Jain Irrigation Systems Ltd.

     621,450        1,014,284  

SML ISUZU Ltd.

     39,066        460,370  

Thermax Ltd.

     48,322        840,612  

Timken India Ltd.

     30,874        333,939  
     

 

 

 
Total Machinery               22,427,193  
Marine – 0.1%  

Shipping Corp. of India Ltd.*

     980,050        963,946  
Media – 1.1%  

Eros International Media Ltd.*

     140,024        356,814  

Jagran Prakashan Ltd.

     343,253        909,686  

Sun TV Network Ltd.

     275,858        3,589,190  

TV Today Network Ltd.

     106,792        800,019  

Zee Entertainment Enterprises Ltd.

     1,361,776        12,015,971  
     

 

 

 
Total Media               17,671,680  
Metals & Mining – 3.3%  

Hindalco Industries Ltd.

     1,609,097        5,293,204  

Hindustan Zinc Ltd.

     1,367,475        6,301,501  

Indian Metals & Ferro Alloys Ltd.

     47,605        313,307  

Jindal Saw Ltd.

     125,527        228,549  

JSW Steel Ltd.

     3,261,386        14,408,830  

Kalyani Steels Ltd.

     82,633        376,919  

National Aluminium Co., Ltd.

     2,572,188        2,620,629  

NMDC Ltd.

     3,054,139        5,551,345  

Sarda Energy & Minerals Ltd.

     36,960        239,537  

Skipper Ltd.

     113,933        369,024  

Srikalahasthi Pipes Ltd.

     67,850        334,924  

Tata Metaliks Ltd.

     14,536        165,626  

Vedanta Ltd.

     4,403,780        18,760,478  
     

 

 

 
Total Metals & Mining               54,963,873  
Multiline Retail – 0.0%  

Future Retail Ltd.*

     56,686        478,716  
Oil, Gas & Consumable Fuels – 18.6%  

Aegis Logistics Ltd.

     195,091        776,515  

Bharat Petroleum Corp., Ltd.

     3,993,315        26,171,389  

Chennai Petroleum Corp., Ltd.

     453,601        2,276,639  

Coal India Ltd.

     4,121,014        17,900,228  

Great Eastern Shipping Co., Ltd. (The)

     302,087        1,529,386  

Hindustan Petroleum Corp., Ltd.

     4,580,681        24,219,667  

Indian Oil Corp., Ltd.

     11,645,982        31,533,683  

Mangalore Refinery & Petrochemicals Ltd.

     1,370,459        2,308,203  

Oil & Natural Gas Corp., Ltd.

     15,895,762        43,333,223  

Oil India Ltd.

     1,580,063        5,241,300  

Petronet LNG Ltd.

     1,170,728        4,145,547  

Reliance Industries Ltd.

     11,240,015        152,120,556  
     

 

 

 
Total Oil, Gas & Consumable Fuels               311,556,336  

 

See Notes to Financial Statements.

 

74   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Paper & Forest Products – 0.1%  

Century Plyboards India Ltd.

     144,200      $ 722,087  

JK Paper Ltd.

     166,768        345,443  

Tamil Nadu Newsprint & Papers Ltd.

     129,740        691,948  
     

 

 

 
Total Paper & Forest Products               1,759,478  
Personal Products – 1.0%  

Bajaj Corp., Ltd.

     121,449        879,002  

Colgate-Palmolive India Ltd.

     101,135        1,638,865  

Dabur India Ltd.

     827,460        4,166,372  

Emami Ltd.

     49,191        806,140  

Godrej Consumer Products Ltd.

     395,503        6,631,870  

Marico Ltd.

     599,878        2,998,852  
     

 

 

 
Total Personal Products               17,121,101  
Pharmaceuticals – 4.9%  

Ajanta Pharma Ltd.*

     63,142        1,346,016  

Alkem Laboratories Ltd.

     52,459        1,599,266  

Aurobindo Pharma Ltd.

     834,684        7,139,165  

Bliss Gvs Pharma Ltd.

     112,088        338,043  

Cadila Healthcare Ltd.*

     607,168        3,517,517  

Cipla Ltd.

     648,105        5,420,111  

Dr. Reddy’s Laboratories Ltd.

     141,042        4,499,192  

Glenmark Pharmaceuticals Ltd.

     423,525        3,417,593  

Granules India Ltd.

     167,573        265,278  

Ipca Laboratories Ltd.

     56,188        564,837  

JB Chemicals & Pharmaceuticals Ltd.

     173,722        825,970  

Jubilant Life Sciences Ltd.

     202,817        2,610,400  

Laurus Labs Ltd.(a)

     25,983        200,325  

Lupin Ltd.

     719,176        8,113,951  

Natco Pharma Ltd.

     160,798        1,858,054  

Piramal Enterprises Ltd.

     134,137        5,003,476  

Shilpa Medicare Ltd.

     23,794        169,148  

Strides Shasun Ltd.

     91,680        940,602  

Sun Pharmaceutical Industries Ltd.

     4,023,071        30,539,260  

Suven Life Sciences Ltd.

     136,985        351,590  

Torrent Pharmaceuticals Ltd.

     149,065        2,856,319  
     

 

 

 
Total Pharmaceuticals               81,576,113  
Real Estate Management & Development – 0.4%  

Anant Raj Ltd.

     224,384        160,319  

DLF Ltd.

     461,355        1,423,571  

Godrej Properties Ltd.*

     58,094        643,899  

Housing Development & Infrastructure Ltd.*

     1,213,709        718,306  

Mahindra Lifespace Developers Ltd.

     26,495        179,127  

Oberoi Realty Ltd.

     152,491        1,192,985  

Phoenix Mills Ltd. (The)

     16,344        148,200  

Prestige Estates Projects Ltd.

     294,564        1,317,871  

Sobha Ltd.

     154,441        1,202,913  

Sunteck Realty Ltd.

     52,358        341,418  
     

 

 

 
Total Real Estate Management & Development               7,328,609  
Road & Rail – 0.1%  

Container Corp. of India Ltd.

     102,739        1,961,315  

VRL Logistics Ltd.*

     77,163        455,489  
     

 

 

 
Total Road & Rail               2,416,804  
Software – 0.7%  

8K Miles Software Services Ltd.

     36,872      378,802  

KPIT Technologies Ltd.

     1,010,050        3,353,582  

NIIT Technologies Ltd.

     269,805        3,578,277  

Oracle Financial Services Software Ltd.

     57,449        3,299,003  

TAKE Solutions Ltd.

     80,405        201,747  

Tata Elxsi Ltd.

     32,292        487,858  
     

 

 

 
Total Software               11,299,269  
Specialty Retail – 0.1%  

PC Jeweller Ltd.

     478,320        2,348,269  

Praxis Home Retail Ltd.*

     3,001        8,197  
     

 

 

 
Total Specialty Retail               2,356,466  
Textiles, Apparel & Luxury Goods – 0.9%  

Arvind Ltd.

     500,475        2,938,545  

Himatsingka Seide Ltd.

     70,945        380,115  

KPR Mill Ltd.

     40,198        389,859  

Sintex Industries Ltd.

     3,475,985        956,644  

SRF Ltd.

     22,765        682,426  

Titan Co., Ltd.

     297,712        4,301,238  

Trident Ltd.

     607,173        551,580  

Vardhman Textiles Ltd.

     119,514        2,239,592  

Welspun India Ltd.

     2,067,798        1,840,425  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               14,280,424  
Thrifts & Mortgage Finance – 8.9%  

Can Fin Homes Ltd.

     14,531        107,944  

Dewan Housing Finance Corp., Ltd.

     1,420,213        11,108,598  

Housing Development Finance Corp., Ltd.

     3,907,611        109,376,705  

Indiabulls Housing Finance Ltd.

     1,073,574        20,365,606  

LIC Housing Finance Ltd.

     946,563        7,755,751  
     

 

 

 
Total Thrifts & Mortgage Finance               148,714,604  
Tobacco – 1.4%  

ITC Ltd.

     6,012,060        23,551,691  
Trading Companies & Distributors – 0.3%  

Adani Enterprises Ltd.

     1,972,647        4,730,358  
Transportation Infrastructure – 0.9%  

Adani Ports & Special Economic Zone Ltd.

     2,555,320        13,873,279  

Gateway Distriparks Ltd.

     154,183        413,106  

Gujarat Pipavav Port Ltd.

     263,454        587,121  
     

 

 

 
Total Transportation Infrastructure               14,873,506  
Water Utilities – 0.0%  

VA Tech Wabag Ltd.

     4,330        32,560  
Wireless Telecommunication Services – 0.8%  

Bharti Airtel Ltd.

     2,196,179        13,425,234  
TOTAL INVESTMENTS IN SECURITIES – 100.9%
(Cost: $1,266,435,907)
       1,686,636,848  

Other Assets less Liabilities – (0.9)%

        (15,069,638
     

 

 

 
NET ASSETS – 100.0%             $ 1,671,567,210  

 

* 

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.

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      75  


Table of Contents

Schedule of Investments

WisdomTree Middle East Dividend Fund (GULF)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%  
Bahrain – 2.7%  

Ahli United Bank BSC

     558,319      $ 396,406  
Egypt – 4.8%  

Alexandria Mineral Oils Co.

     33,678        19,466  

Commercial International Bank Egypt SAE

     14,623        73,828  

Credit Agricole Egypt SAE

     8,366        23,722  

Eastern Tobacco

     1,646        55,534  

Egyptian Financial Group-Hermes Holding Co.

     99,300        144,979  

ElSewedy Electric Co.

     18,588        228,412  

Heliopolis Housing

     5,680        11,962  

Juhayna Food Industries

     15,782        10,187  

Medinet Nasr Housing

     16,650        11,390  

Oriental Weavers

     42,371        37,757  

Sidi Kerir Petrochemicals Co.

     25,088        42,250  

Talaat Moustafa Group

     37,269        24,184  

Telecom Egypt Co.

     59,333        41,597  
     

 

 

 
Total Egypt               725,268  
Jordan – 3.4%  

Arab Bank PLC

     48,978        468,035  

Jordan Petroleum Refinery Co.

     11,861        46,140  
     

 

 

 
Total Jordan               514,175  
Kuwait – 13.7%  

Agility Public Warehousing Co. KSC

     27,015        77,997  

Boubyan Bank KSCP

     19,363        31,216  

Boubyan Petrochemicals Co. KSCP

     54,216        138,978  

Burgan Bank SAK

     17,604        16,452  

Gulf Bank KSCP

     92,082        78,682  

Gulf National Holding Co.*

     28,831        0  

Human Soft Holding Co. KSC

     3,156        41,093  

Kuwait Finance House KSCP

     160,464        317,607  

Kuwait International Bank KSCP

     44,296        34,154  

Mabanee Co. SAK

     12,993        30,965  

Mezzan Holding Co. KSCC

     8,944        23,256  

Mobile Telecommunications Co. KSC

     412,257        660,492  

National Bank of Kuwait SAKP

     243,367        609,230  
     

 

 

 
Total Kuwait               2,060,122  
Morocco – 4.4%  

Attijariwafa Bank

     3,734        202,748  

Cosumar

     2,932        94,566  

Douja Promotion Groupe Addoha S.A.

     15,749        52,574  

Maroc Telecom

     15,021        242,644  

Societe d’Exploitation des Ports

     3,605        71,799  
     

 

 

 
Total Morocco               664,331  
Oman – 2.6%  

Bank Muscat SAOG

     178,404        169,600  

Bank Sohar SAOG

     61,278        22,124  

Oman Telecommunications Co. SAOG

     55,106        130,537  

Ooredoo

     54,264        70,754  
     

 

 

 
Total Oman               393,015  
Qatar – 18.1%  

Barwa Real Estate Co.

     16,838      154,880  

Doha Bank QPSC

     28,741        213,072  

Gulf Warehousing Co.

     1,557        17,314  

Industries Qatar QSC

     13,531        390,474  

Masraf Al Rayan QSC

     44,507        431,872  

Medicare Group

     1,399        26,343  

Ooredoo QPSC

     9,716        220,144  

Qatar Electricity & Water Co. QSC

     2,493        128,689  

Qatar Gas Transport Co., Ltd.

     38,583        161,875  

Qatar Insurance Co. SAQ

     8,979        92,453  

Qatar International Islamic Bank QSC

     6,502        89,282  

Qatar Islamic Bank SAQ

     6,642        177,813  

Qatar National Bank QPSC

     13,192        470,884  

United Development Co. QSC

     34,097        139,590  

Widam Food Co.

     520        8,424  
     

 

 

 
Total Qatar               2,723,109  
Saudi Arabia – 28.4%  

Advanced Petrochemical Co.

     5,296        70,472  

Al Rajhi Bank

     33,470        672,970  

Al Tayyar Travel Group Holding Co.

     1,254        9,597  

Alinma Bank

     18,584        102,187  

Almarai Co. JSC

     4,491        66,108  

Arab National Bank

     3,490        27,269  

Bank Al-Jazira

     6,787        20,234  

Bank AlBilad

     10,455        63,455  

Banque Saudi Fransi

     11,106        86,923  

Bupa Arabia for Cooperative Insurance Co.

     205        5,182  

Co. for Cooperative Insurance (The)

     2,051        41,075  

Dallah Healthcare Co.

     424        11,736  

Jarir Marketing Co.

     2,105        99,356  

Kingdom Holding Co.

     7,773        18,697  

National Commercial Bank

     27,143        471,202  

National Petrochemical Co.

     2,449        16,144  

Riyad Bank

     56,860        210,458  

Sahara Petrochemical Co.

     10,894        51,129  

Samba Financial Group

     47,266        337,794  

Saudi Airlines Catering Co.

     2,136        46,935  

Saudi Arabian Fertilizer Co.

     4,975        93,795  

Saudi Basic Industries Corp.

     25,967        806,016  

Saudi British Bank (The)

     5,133        42,912  

Saudi Cement Co.

     8,413        125,634  

Saudi Electricity Co.

     21,250        116,960  

Saudi Ground Services Co.

     3,379        33,204  

Saudi Industrial Investment Group

     4,597        27,803  

Saudi Investment Bank (The)

     9,237        38,180  

Saudi Telecom Co.

     16,166        357,376  

Yanbu National Petrochemical Co.

     9,666        188,423  
     

 

 

 
Total Saudi Arabia               4,259,226  
United Arab Emirates – 20.8%  

Abu Dhabi Commercial Bank PJSC

     184,346        331,251  

Agthia Group PJSC

     9,724        11,649  

Air Arabia PJSC

     290,360        90,120  

 

See Notes to Financial Statements.

 

76   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree Middle East Dividend Fund (GULF)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Aldar Properties PJSC

     312,009      $ 180,936  

Aramex PJSC

     24,822        29,735  

DAMAC Properties Dubai Co. PJSC

     236,722        192,703  

DP World Ltd.

     6,249        140,602  

Dubai Investments PJSC

     126,535        72,001  

Dubai Islamic Bank PJSC

     198,112        286,407  

Emaar Malls PJSC

     188,162        110,141  

Emaar Properties PJSC

     131,572        207,764  

Emirates NBD PJSC

     29,249        85,605  

Emirates Telecommunications Group Co. PJSC

     169,261        813,356  

First Abu Dhabi Bank PJSC

     123,629        393,809  

Manazel Real Estate PJSC

     203,935        30,538  

National Central Cooling Co. PJSC

     13,240        5,587  

RAK Properties PJSC

     148,020        27,404  

Union National Bank PJSC

     113,879        110,065  
     

 

 

 
Total United Arab Emirates               3,119,673  
TOTAL COMMON STOCKS
(Cost: $13,718,916)
              14,855,325  
RIGHTS – 0.0%  
Saudi Arabia – 0.0%  
Bank Al-Jazira, expiring 4/4/18*
(Cost $0)
     3,915      939  
TOTAL INVESTMENTS IN SECURITIES – 98.9%
(Cost: $13,718,916)
        14,856,264  

Other Assets less Liabilities – 1.1%

        167,935  
     

 

 

 
NET ASSETS – 100.0%             $ 15,024,199  
* 

Non-income producing security.

 

 

Security is being fair valued using significant unobservable inputs by a pricing committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

 

FINANCIAL DERIVATIVE INSTRUMENTS
FOREIGN CURRENCY CONTRACTS (OTC – OVER THE COUNTER)  
Counterparty    Settlement
Date
     Amount and Description of
Currency to be Purchased
     Amount and Description of
Currency to be Sold
    Unrealized
Appreciation
    Unrealized
Depreciation
 
Standard Chartered Bank      4/3/2018        11,913        USD        4,587        OMR     $     $ (1

State Street Bank and Trust

     4/2/2018        38,453        SAR        10,254        USD              
                                                 $     $ (1

 

CURRENCY LEGEND

OMR – Omani rial

SAR – Saudi riyal

USD – U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      77  


Table of Contents

Statements of Assets and Liabilities

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

March 31, 2018

 

  

 

 

      WisdomTree
Asia Pacific
ex-Japan Fund
     WisdomTree
China  ex-
State-Owned
Enterprises
Fund
     WisdomTree
Emerging
Markets
Consumer
Growth Fund
     WisdomTree
Emerging
Markets  ex-
State-Owned
Enterprises
Fund
     WisdomTree
Emerging
Markets High
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 39,990,801      $ 204,113,134      $ 47,786,497      $ 92,296,969      $ 2,183,317,297  

Investment in affiliates, at cost (Note 3)

     109,795                             36,450,067  

Foreign currency, at cost

     24,709        357,518        58,422        2,153,896        761,067  

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

     44,759,055        218,982,619        50,393,624        92,663,188        2,365,392,082  

Investment in affiliates, at value (Note 3)

     111,132                             36,155,970  

Cash

     18,183                             312,630  

Foreign currency, at value

     24,715        359,421        58,444        2,153,925        758,631  

Unrealized appreciation on foreign currency contracts

     27               491        8,398        16,636  

Receivables:

              

Investment securities sold

            4,379,751               3,566,270         

Capital shares sold

                   2,505,726                

Dividends

     156,532        686        158,413        70,563        6,553,518  

Securities lending income

     72        30,116        4,645        3,390        157,537  

Total Assets

     45,069,716        223,752,593        53,121,343        98,465,734        2,409,347,004  

LIABILITIES:

              

Due to custodian

            44,461        571,643        2,073,267         

Unrealized depreciation on foreign currency contracts

                          12,764         

Payables:

              

Cash collateral received for securities loaned (Note 2)

            3,452,217        594,206        243,090        124,481,158  

Investment securities purchased

            4,266,685        1,890,104        3,335,740        1,473,072  

Advisory fees (Note 3)

     18,614        60,819        13,095        24,081        1,207,871  

Service fees (Note 2)

     171        835        181        331        8,568  

Total Liabilities

     18,785        7,825,017        3,069,229        5,689,273        127,170,669  

NET ASSETS

   $ 45,050,931      $ 215,927,576      $ 50,052,114      $ 92,776,461      $ 2,282,176,335  

NET ASSETS:

              

Paid-in capital

   $ 51,734,561      $ 205,789,425      $ 49,125,875      $ 93,341,673      $ 3,308,377,299  

Undistributed (Distributions in excess of) net investment income

     50,165        (31,293      84,990        106,787        4,535,562  

Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions

     (11,503,036      (4,701,945      (1,766,332      (1,033,704      (1,212,508,726

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     4,769,241        14,871,389        2,607,581        361,705        181,772,200  

NET ASSETS

   $ 45,050,931      $ 215,927,576      $ 50,052,114      $ 92,776,461      $ 2,282,176,335  

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

     650,000        2,475,000        1,900,000        2,900,000        48,200,000  

Net asset value per share

   $ 69.31      $ 87.24      $ 26.34      $ 31.99      $ 47.35  

1   Includes market value of securities out on loan of:

   $ 32,274      $ 9,973,550      $ 2,415,218      $ 627,142      $ 251,027,428  
2 

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

 

See Notes to Financial Statements.

 

78   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

March 31, 2018

 

  

 

 

      WisdomTree
Emerging
Markets Quality
Dividend
Growth Fund
     WisdomTree
Emerging
Markets
SmallCap
Dividend Fund
     WisdomTree
Global ex-U.S.
Quality
Dividend
Growth Fund
     WisdomTree
Global ex-U.S.
Real Estate
Fund
     WisdomTree
Global High
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 66,748,367      $ 1,502,218,431      $ 65,345,869      $ 102,211,542      $ 101,396,157  

Investment in affiliates, at cost (Note 3)

            131,541        28,639                

Foreign currency, at cost

     52,424        1,605,476        60,804        36,337        143,558  

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

     75,665,068        1,758,791,203        71,933,803        109,067,587        106,360,227  

Investment in affiliates, at value (Note 3)

            134,566        28,545                

Cash

     32,846        157,177        76,535        8,322        52,685  

Foreign currency, at value

     52,317        1,609,948        60,619        36,218        143,000  

Unrealized appreciation on foreign currency contracts

            788               20         

Receivables:

              

Investment securities sold

            359,850                       

Dividends

     116,197        4,286,307        183,658        294,897        319,931  

Securities lending income

     3,837        457,999        4,844        6,047        3,889  

Foreign tax reclaims

                   69,416        41,646        45,414  

Total Assets

     75,870,265        1,765,797,838        72,357,420        109,454,737        106,925,146  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

            25               5         

Payables:

              

Cash collateral received for securities loaned (Note 2)

     393,858        21,429,989        1,479,062        2,072,327        2,514,939  

Investment securities purchased

            304,441                       

Advisory fees (Note 3)

     20,876        931,941        34,814        53,492        51,927  

Service fees (Note 2)

     287        6,510        267        406        394  

Foreign capital gains tax

     13,258        20,617        2,173                

Total Liabilities

     428,279        22,693,523        1,516,316        2,126,230        2,567,260  

NET ASSETS

   $ 75,441,986      $ 1,743,104,315      $ 70,841,104      $ 107,328,507      $ 104,357,886  

NET ASSETS:

              

Paid-in capital

   $ 73,206,843      $ 1,826,643,542      $ 75,735,805      $ 122,223,700      $ 107,171,603  

Undistributed (Distributions in excess of) net investment income

     88,866        3,677,294        253,241        (3,052,046      289,167  

Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions

     (6,756,818      (343,782,078      (11,735,982      (18,698,267      (8,067,903

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     8,903,095        256,565,557        6,588,040        6,855,120        4,965,019  

NET ASSETS

   $ 75,441,986      $ 1,743,104,315      $ 70,841,104      $ 107,328,507      $ 104,357,886  

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

     2,800,000        32,600,000        1,200,000        3,350,000        2,250,000  

Net asset value per share

   $ 26.94      $ 53.47      $ 59.03      $ 32.04      $ 46.38  

1   Includes market value of securities out on loan of:

   $ 585,935      $ 180,385,045      $ 2,677,338      $ 3,167,314      $ 2,728,565  
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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds      79  


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

March 31, 2018

 

  

 

 

      WisdomTree
India Earnings
Fund
(consolidated)
     WisdomTree
Middle East
Dividend Fund
 

ASSETS:

 

Investments, at cost

   $ 1,266,435,907      $ 13,718,916  

Foreign currency, at cost

     2,998,224        108,160  

Investments in securities, at value

     1,686,636,848        14,856,264  

Cash

     394,483        18,916  

Foreign currency, at value

     2,993,823        108,158  

Receivables:

 

Dividends

     609,593        119,565  

Total Assets

     1,690,634,747        15,102,903  

LIABILITIES:

 

Unrealized depreciation on foreign currency contracts

            1  

Payables:

 

Investment securities purchased

            17,794  

Advisory fees (Note 3)

     1,194,294        11,689  

Service fees (Note 2)

     6,331        59  

Closed foreign currency contracts

            49,161  

Foreign capital gains tax

     17,866,912         

Total Liabilities

     19,067,537        78,704  

NET ASSETS

   $ 1,671,567,210      $ 15,024,199  

NET ASSETS:

 

Paid-in capital

   $ 1,509,978,822      $ 18,764,291  

Undistributed net investment income

     3,644,786        183,670  

Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions

     (244,384,217      (5,061,092

Net unrealized appreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     402,327,819        1,137,330  

NET ASSETS

   $ 1,671,567,210      $ 15,024,199  

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

     64,600,000        800,000  

Net asset value per share

   $ 25.88      $ 18.78  

 

See Notes to Financial Statements.

 

80   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Operations

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

For the Year Ended March 31, 2018

 

  

 

 

      WisdomTree
Asia Pacific
ex-Japan Fund
     WisdomTree
China  ex-
State-Owned
Enterprises
Fund
     WisdomTree
Emerging
Markets
Consumer
Growth Fund
     WisdomTree
Emerging
Markets  ex-
State-Owned
Enterprises
Fund
     WisdomTree
Emerging
Markets High
Dividend Fund
 

INVESTMENT INCOME:

 

Dividends1

   $ 1,664,424      $ 266,602      $ 793,550      $ 298,843      $ 86,109,624  

Dividends from affiliates (Note 3)

     21,383                             182,958  

Interest

     8               13        36         

Non-cash dividends

     3,720                      284        79,953  

Securities lending income (Note 2)

     2,726        116,827        21,787        5,240        1,100,243  

Total investment income

     1,692,261        383,429        815,350        304,403        87,472,778  

EXPENSES:

 

Advisory fees (Note 3)

     218,228        513,016        222,812        141,377        12,424,961  

Service fees (Note 2)

     2,000        3,583        1,557        1,072        86,777  

Total expenses

     220,228        516,599        224,369        142,449        12,511,738  

Expense waivers (Note 3)

     (223      (247,644      (90,225      (61,559      (102,356

Net expenses

     220,005        268,955        134,144        80,890        12,409,382  

Net investment income

     1,472,256        114,474        681,206        223,513        75,063,396  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

Net realized gain (loss) from:

 

Investment transactions2

     318,548        (1,152,288      1,263,707        (699,829      56,677,000  

Investment transactions in affiliates (Note 3)

     11,910                             128,712  

In-kind redemptions

     1,100,175               1,484,842        1,341,665        1,743,197  

In-kind redemptions in affiliates (Note 3)

                                 5,296  

Foreign currency contracts

     (6,455      25,629        (6,155      (72,750      (93,954

Foreign currency related transactions

     9,082        (13,839      2,978        43,973        143,661  

Net realized gain (loss)

     1,433,260        (1,140,498      2,745,372        613,059        58,603,912  

Net increase (decrease) in unrealized appreciation/depreciation:

 

Investment transactions3

     2,471,166        14,226,257        2,076,213        153,653        236,213,576  

Foreign currency contracts

     25               331        (4,419      (9,723

Translation of assets and liabilities denominated in foreign currencies

     (8,015      1,906        (6,169      (408      (169,716

Net increase in unrealized appreciation/depreciation

     2,463,176        14,228,163        2,070,375        148,826        236,034,137  

Net realized and unrealized gain on investments

     3,896,436        13,087,665        4,815,747        761,885        294,638,049  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 5,368,692      $ 13,202,139      $ 5,496,953      $ 985,398      $ 369,701,445  

1   Net of foreign withholding tax of:

   $ 136,688      $ 9,621      $ 90,179      $ 41,186      $ 12,435,266  

2   Net of foreign capital gains tax withheld of:

   $ 2             $ 1,823      $ 3,757         

3   Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ (16,487           $ (510    $ (642       

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      81  


Table of Contents

Statements of Operations (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

For the Year Ended March 31, 2018

 

  

 

 

      WisdomTree
Emerging
Markets Quality
Dividend
Growth Fund
     WisdomTree
Emerging
Markets
SmallCap
Dividend Fund
     WisdomTree
Global ex-U.S.
Quality
Dividend
Growth  Fund
     WisdomTree
Global ex-U.S.
Real Estate
Fund
     WisdomTree
Global High
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 1,584,331      $ 46,164,228      $ 1,628,286      $ 3,671,518      $ 3,800,203  

Dividends from affiliates (Note 3)

            276,395        5,161               13,152  

Interest

                   4        675         

Non-cash dividends

            17,246               8,903        99,059  

Securities lending income (Note 2)

     19,761        2,880,874        16,813        35,786        29,796  

Total investment income

     1,604,092        49,338,743        1,650,264        3,716,882        3,942,210  

EXPENSES:

              

Advisory fees (Note 3)

     395,981        8,849,448        343,629        520,672        572,765  

Service fees (Note 2)

     2,766        61,807        2,607        3,949        4,345  

Total expenses

     398,747        8,911,255        346,236        524,621        577,110  

Expense waivers (Note 3)

     (155,836      (8,717      (303             (176

Net expenses

     242,911        8,902,538        345,933        524,621        576,934  

Net investment income

     1,361,181        40,436,205        1,304,331        3,192,261        3,365,276  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions2

     1,320,798        86,333,838        5,744,295        6,196,721        3,253,722  

Investment transactions in affiliates (Note 3)

            (74,891      19,768               (17,407

In-kind redemptions

     1,619,241                      1,903,156        447  

Foreign currency contracts

     51,427        130,647        51,480        (59,369      1,521  

Foreign currency related transactions

     (57,945      231,831        (48,546      65,589        2,898  

Net realized gain

     2,933,521        86,621,425        5,766,997        8,106,097        3,241,181  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions3

     6,027,067        158,571,359        2,768,154        5,135,253        (559,058

Foreign currency contracts

     (2,353      37,046        (8,352      18        (554

Translation of assets and liabilities denominated in foreign currencies

     1,671        (165,335      13,275        4,510        4,170  

Net increase (decrease) in unrealized appreciation/depreciation

     6,026,385        158,443,070        2,773,077        5,139,781        (555,442

Net realized and unrealized gain on investments

     8,959,906        245,064,495        8,540,074        13,245,878        2,685,739  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 10,321,087      $ 285,500,700      $ 9,844,405      $ 16,438,139      $ 6,051,015  

1   Net of foreign withholding tax of:

   $ 196,564      $ 6,259,224      $ 170,939      $ 331,684      $ 190,441  

2   Net of foreign capital gains tax withheld of:

   $ 2,216      $ 5,883      $ 27                

3   Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ (5,175    $ (89,096    $ (17,620              

 

See Notes to Financial Statements.

 

82   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Operations (concluded)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

For the Year Ended March 31, 2018

 

  

 

 

      WisdomTree
India Earnings
Fund

(consolidated)
     WisdomTree
Middle East
Dividend Fund
 

INVESTMENT INCOME:

     

Dividends1

   $ 29,307,289      $ 684,515  

Non-cash dividends

     945,752         

Total investment income

     30,253,041        684,515  

EXPENSES:

     

Advisory fees (Note 3)

     14,349,121        144,754  

Service fees (Note 2)

     76,068        724  

Interest expense (Note 8)

     113,297         

Total expenses

     14,538,486        145,478  

Net investment income

     15,714,555        539,037  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

     

Net realized gain (loss) from:

     

Investment transactions

     67,720,234        (810,025

Foreign currency contracts

     (56,485      (17,238

Foreign currency related transactions

     (168,841      2,537  

Payment by sub-advisor (Note 3)

            613  

Net realized gain (loss)

     67,494,908        (824,113

Net increase (decrease) in unrealized appreciation/depreciation:

     

Investment transactions2

     52,801,173        1,725,150  

Foreign currency contracts

            (1

Translation of assets and liabilities denominated in foreign currencies

     (13,397      3  

Net increase in unrealized appreciation/depreciation

     52,787,776        1,725,152  

Net realized and unrealized gain on investments

     120,282,684        901,039  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 135,997,239      $ 1,440,076  

1   Net of foreign withholding tax of:

          $ 24,596  

2   Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 17,866,912         

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      83  


Table of Contents

Statements of Changes in Net Assets

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

    

WisdomTree

Asia Pacific ex-Japan Fund

   

WisdomTree

China ex-State-Owned

Enterprises Fund

   

WisdomTree

Emerging Markets Consumer

Growth Fund

 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 1,472,256     $ 1,482,790     $ 114,474     $ 106,906     $ 681,206     $ 372,752  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    1,433,260       370,324       (1,140,498     (117,621     2,745,372       (394,093

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    2,463,176       4,932,847       14,228,163       1,678,314       2,070,375       1,579,185  

Net increase in net assets resulting from operations

    5,368,692       6,785,961       13,202,139       1,667,599       5,496,953       1,557,844  

DIVIDENDS:

 

Net investment income

    (1,460,015     (1,518,023     (175,236     (111,000     (608,721     (426,435

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    6,764,109       5,631,266       194,324,594             24,219,358       11,293,101  

Cost of shares redeemed

    (7,276,813     (14,909,131           (2,331,022     (3,837,105      

Net increase (decrease) in net assets resulting from capital share transactions

    (512,704     (9,277,865     194,324,594       (2,331,022     20,382,253       11,293,101  

Net Increase (Decrease) in Net Assets

    3,395,973       (4,009,927     207,351,497       (774,423     25,270,485       12,424,510  

NET ASSETS:

 

Beginning of year

  $ 41,654,958     $ 45,664,885     $ 8,576,079     $ 9,350,502     $ 24,781,629     $ 12,357,119  

End of year

  $ 45,050,931     $ 41,654,958     $ 215,927,576     $ 8,576,079     $ 50,052,114     $ 24,781,629  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

  $
50,165
 
  $ 34,281     $ (31,293   $ 17,678     $ 84,990     $ 49,064  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    650,000       800,000       150,000       200,000       1,100,000       600,000  

Shares created

    100,000       100,000       2,325,000             950,000       500,000  

Shares redeemed

    (100,000     (250,000           (50,000     (150,000      

Shares outstanding, end of year

    650,000       650,000       2,475,000       150,000       1,900,000       1,100,000  

 

See Notes to Financial Statements.

 

84   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Changes in Net Assets (cotinued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

    

WisdomTree

Emerging Markets ex-State-Owned
Enterprises Fund

   

WisdomTree

Emerging Markets High

Dividend Fund

   

WisdomTree

Emerging Markets Quality

Dividend Growth Fund

 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 223,513     $ 29,760     $ 75,063,396     $ 56,823,240     $ 1,361,181     $ 1,072,348  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    613,059       (6,783     58,603,912       (80,310,598     2,933,521       (54,337

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    148,826       331,990       236,034,137       298,018,235       6,026,385       3,635,335  

Net increase in net assets resulting from operations

    985,398       354,967       369,701,445       274,530,877       10,321,087       4,653,346  

DIVIDENDS:

 

Net investment income

    (125,650     (30,710     (74,635,924     (55,276,488     (1,254,486     (1,116,560

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

    104,725,354             283,093,631       228,705,147       23,204,036       15,345,472  

Cost of shares redeemed

    (15,280,657           (17,363,657     (47,799,999     (5,194,843     (2,183,538

Net increase in net assets resulting from capital share transactions

    89,444,697             265,729,974       180,905,148       18,009,193       13,161,934  

Net Increase in Net Assets

    90,304,445       324,257       560,795,495       400,159,537       27,075,794       16,698,720  

NET ASSETS:

 

Beginning of year

  $ 2,472,016     $ 2,147,759     $ 1,721,380,840     $ 1,321,221,303     $ 48,366,192     $ 31,667,472  

End of year

  $ 92,776,461     $ 2,472,016     $ 2,282,176,335     $ 1,721,380,840     $ 75,441,986     $ 48,366,192  

Undistributed net investment income included in net assets at end of year

  $ 106,787     $ 2,197     $ 4,535,562     $ 4,007,767     $ 88,866     $ 65,347  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

    100,000       100,000       42,300,000       37,700,000       2,100,000       1,500,000  

Shares created

    3,300,000             6,300,000       5,900,000       900,000       700,000  

Shares redeemed

    (500,000           (400,000     (1,300,000     (200,000     (100,000

Shares outstanding, end of year

    2,900,000       100,000       48,200,000       42,300,000       2,800,000       2,100,000  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      85  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

     

WisdomTree

Emerging Markets SmallCap

Dividend Fund

    

WisdomTree

Global ex-U.S. Quality
Dividend Growth Fund

    

WisdomTree

Global ex-U.S.

Real Estate Fund

 
      For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

INCREASE IN NET ASSETS RESULTING FROM
OPERATIONS:

 

           

Net investment income

   $ 40,436,205      $ 32,543,978      $ 1,304,331      $ 1,530,142      $ 3,192,261      $ 3,314,989  

Net realized gain on investments, foreign currency contracts and foreign currency related transactions

     86,621,425        16,414,152        5,766,997        1,755,498        8,106,097        2,335,804  

Net increase in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     158,443,070        141,918,530        2,773,077        1,979,340        5,139,781        1,798,088  

Net increase in net assets resulting from operations

     285,500,700        190,876,660        9,844,405        5,264,980        16,438,139        7,448,881  

DIVIDENDS:

                 

Net investment income

     (39,444,335      (32,344,872      (1,055,807      (1,603,328      (6,147,290      (4,632,789

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

     390,446,108        69,226,432        12,021,088        4,878,564        24,385,279        1,418,481  

Cost of shares redeemed

            (15,624,360             (24,534,532      (10,408,019      (15,218,231

Net increase (decrease) in net assets resulting from capital share transactions

     390,446,108        53,602,072        12,021,088        (19,655,968      13,977,260        (13,799,750

Net Increase (Decrease) in Net Assets

     636,502,473        212,133,860        20,809,686        (15,994,316      24,268,109        (10,983,658

NET ASSETS:

                 

Beginning of year

   $ 1,106,601,842      $ 894,467,982      $ 50,031,418      $ 66,025,734      $ 83,060,398      $ 94,044,056  

End of year

   $ 1,743,104,315      $ 1,106,601,842      $ 70,841,104      $ 50,031,418      $ 107,328,507      $ 83,060,398  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

   $ 3,677,294      $ 2,216,747      $ 253,241      $ 70,819      $ (3,052,046    $ (1,140,587

SHARES CREATED AND REDEEMED:

                 

Shares outstanding, beginning of year

     24,800,000        23,600,000        1,000,000        1,400,000        2,950,000        3,450,000  

Shares created

     7,800,000        1,600,000        200,000        100,000        750,000        50,000  

Shares redeemed

            (400,000             (500,000      (350,000      (550,000

Shares outstanding, end of year

     32,600,000        24,800,000        1,200,000        1,000,000        3,350,000        2,950,000  

 

See Notes to Financial Statements.

 

86   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

 

  

 

 

 

     

WisdomTree

Global High Dividend Fund

    

WisdomTree

India Earnings Fund

(consolidated)

    

WisdomTree

Middle East Dividend Fund

 
      For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

              

Net investment income

   $ 3,365,276      $ 2,664,163      $ 15,714,555      $ 15,154,226      $ 539,037      $ 666,486  

Net realized gain (loss) on investments, payments by sub-advisor, foreign currency contracts and foreign currency related transactions

     3,241,181        707,810        67,494,908        104,475,046        (824,113      (227,860

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (555,442      6,640,672        52,787,776        212,117,443        1,725,152        770,528  

Net increase in net assets resulting from operations

     6,051,015        10,012,645        135,997,239        331,746,715        1,440,076        1,209,154  

DIVIDENDS:

 

Net investment income

     (3,155,342      (2,813,589      (14,626,040      (18,513,240      (417,266      (903,368

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     11,952,469        8,799,360        123,976,585        169,849,103                

Cost of shares redeemed

                   (138,386,249      (394,092,686      (3,600,006      (3,435,006

Net increase (decrease) in net assets resulting from capital share transactions

     11,952,469        8,799,360        (14,409,664      (224,243,583      (3,600,006      (3,435,006

Net Increase (Decrease) in Net Assets

     14,848,142        15,998,416        106,961,535        88,989,892        (2,577,196      (3,129,220

NET ASSETS:

 

Beginning of year

   $ 89,509,744      $ 73,511,328      $ 1,564,605,675      $ 1,475,615,783      $ 17,601,395      $ 20,730,615  

End of year

   $ 104,357,886      $ 89,509,744      $ 1,671,567,210      $ 1,564,605,675      $ 15,024,199      $ 17,601,395  

Undistributed net investment income included in net assets at end of year

   $ 289,167      $ 59,998      $ 3,644,786      $ 2,771,487      $ 183,670      $ 65,848  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     2,000,000        1,800,000        65,000,000        76,000,000        1,000,000        1,200,000  

Shares created

     250,000        200,000        4,800,000        8,400,000                

Shares redeemed

                   (5,200,000      (19,400,000      (200,000      (200,000

Shares outstanding, end of year

     2,250,000        2,000,000        64,600,000        65,000,000        800,000        1,000,000  

 

See Notes to Financial Statements.

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      87  


Table of Contents

Financial Highlights

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Asia Pacific
ex-Japan Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 64.08      $ 57.08      $ 67.20      $ 65.72      $ 68.70  

Investment operations:

              

Net investment income1

     2.21        1.90        2.14        2.29        2.25  

Net realized and unrealized gain (loss)

     5.23        7.03        (10.20      1.46        (3.01

Total from investment operations

     7.44        8.93        (8.06      3.75        (0.76

Dividends to shareholders:

              

Net investment income

     (2.21      (1.93      (2.06      (2.27      (2.22

Net asset value, end of period

   $ 69.31      $ 64.08      $ 57.08      $ 67.20      $ 65.72  

TOTAL RETURN2

     11.75      15.96      (12.06 )%3       5.71      (0.98 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 45,051      $ 41,655      $ 45,665      $ 47,037      $ 52,579  

Ratios to average net assets4 of:

              

Expenses

     0.48 %5       0.48      0.48 %5       0.49 %5,6       0.48 %5,7 

Net investment income

     3.24      3.19      3.59      3.36      3.35 %7 

Portfolio turnover rate8

     26      27      24      17      21

 

           
WisdomTree China ex-State-Owned
Enterprises Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 201612
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 57.17      $ 46.75      $ 55.28      $ 49.70      $ 51.90  

Investment operations:

              

Net investment income1

     0.12        0.64        1.25        1.33        1.39  

Net realized and unrealized gain (loss)

     30.56        10.45        (8.59      5.48        (2.15

Total from investment operations

     30.68        11.09        (7.34      6.81        (0.76

Dividends to shareholders:

              

Net investment income

     (0.61      (0.67      (1.19      (1.23      (1.44

Net asset value, end of period

   $ 87.24      $ 57.17      $ 46.75      $ 55.28      $ 49.70  

TOTAL RETURN2

     53.95      23.94      (13.40 )%       13.86      (1.32 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 215,928      $ 8,576      $ 9,351      $ 16,585      $ 17,396  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.33 %9,10       0.53 %10       0.57 %10       0.64 %11       0.63 %7 

Expenses, prior to expense waivers

     0.63      0.63      0.63      0.64 %11       0.63 %7 

Net investment income

     0.14      1.29      2.42      2.53      2.75 %7 

Portfolio turnover rate8

     20      37      143      30      21
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

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged.

 

4

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

7

Annualized.

 

8

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.

 

9 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust.

 

10 

Effective July 1, 2015, the investment advisor contractually agreed to limit the advisory fee to 0.53% through July 31, 2017, unless earlier terminated by the Board of Trustees of the Trust.

 

11 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

12 

The information reflects the investment objective and strategy of the WisdomTree China Dividend ex-Financials Fund through June 30, 2015 and the investment objective and strategy of the WisdomTree China ex-State-Owned Enterprises Fund thereafter.

 

See Notes to Financial Statements.

 

88   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets
Consumer Growth Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the Period
September 27, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 22.53      $ 20.60      $ 24.89      $ 24.56      $ 24.79  

Investment operations:

              

Net investment income1

     0.49        0.45        0.52        0.48        0.17  

Net realized and unrealized gain (loss)

     3.77        2.01        (4.28      0.32        (0.33

Total from investment operations

     4.26        2.46        (3.76      0.80        (0.16

Dividends to shareholders:

              

Net investment income

     (0.45      (0.53      (0.53      (0.47      (0.07

Net asset value, end of period

   $ 26.34      $ 22.53      $ 20.60      $ 24.89      $ 24.56  

TOTAL RETURN2

     19.05      12.17      (15.21 )%       3.24      (0.63 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 50,052      $ 24,782      $ 12,357      $ 19,912      $ 19,647  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.38 %3       0.63      0.63      0.64 %4       0.63 %5 

Expenses, prior to expense waivers

     0.63      0.63      0.63      0.64 %4       0.63 %5 

Net investment income

     1.93      2.12      2.39      1.88      1.46 %5 

Portfolio turnover rate6

     63      72      49      41      7

 

         
WisdomTree Emerging Markets ex-State-Owned
Enterprises Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the Period
December 10, 2014*
through
March 31, 2015
 

Net asset value, beginning of period

   $ 24.72      $ 21.48      $ 25.17      $ 24.59  

Investment operations:

           

Net investment income1

     0.28        0.30        0.35        0.07  

Net realized and unrealized gain (loss)

     7.20        3.25        (3.24      0.56  

Total from investment operations

     7.48        3.55        (2.89      0.63  

Dividends to shareholders:

           

Net investment income

     (0.21      (0.31      (0.80      (0.05

Net asset value, end of period

   $ 31.99      $ 24.72      $ 21.48      $ 25.17  

TOTAL RETURN2

     30.30      16.68      (11.69 )%       2.57

RATIOS/SUPPLEMENTAL DATA:

           

Net assets, end of period (000’s omitted)

   $ 92,776      $ 2,472      $ 2,148      $ 10,069  

Ratios to average net assets of:

           

Expenses, net of expense waivers

     0.33 %3       0.58      0.58      0.58 %5 

Expenses, prior to expense waivers

     0.58      0.58      0.58      0.58 %5 

Net investment income

     0.92      1.33      1.48      0.88 %5 

Portfolio turnover rate6

     68      15      46      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 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust.

 

4

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

5

Annualized.

 

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 Global/Global ex-U.S. and Emerging/Frontier Markets Funds      89  


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets
High Dividend Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 40.69      $ 35.05      $ 42.68      $ 49.23      $ 54.81  

Investment operations:

              

Net investment income1

     1.67        1.42        1.76        2.16        2.16  

Net realized and unrealized gain (loss)

     6.65        5.58        (7.74      (6.57      (5.60

Total from investment operations

     8.32        7.00        (5.98      (4.41      (3.44

Dividends to shareholders:

              

Net investment income

     (1.66      (1.36      (1.65      (2.14      (2.14

Net asset value, end of period

   $ 47.35      $ 40.69      $ 35.05      $ 42.68      $ 49.23  

TOTAL RETURN2

     20.98      20.44      (14.07 )%       (9.40 )%       (6.22 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 2,282,176      $ 1,721,381      $ 1,321,221      $ 2,159,557      $ 3,888,854  

Ratios to average net assets3 of:

              

Expenses4

     0.63      0.63      0.63      0.64 %5       0.63 %6 

Net investment income

     3.81      3.81      4.64      4.45      4.20 %6 

Portfolio turnover rate7

     41      41      43      39      39

 

           
WisdomTree Emerging Markets
Quality Dividend Growth Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the Period
August 1, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

   $ 23.03      $ 21.11      $ 24.08      $ 24.92      $ 25.22  

Investment operations:

              

Net investment income1

     0.56        0.63        0.55        0.61        0.33  

Net realized and unrealized gain (loss)

     3.87        1.96        (2.94      (0.87      (0.42

Total from investment operations

     4.43        2.59        (2.39      (0.26      (0.09

Dividends to shareholders:

              

Net investment income

     (0.52      (0.67      (0.58      (0.58      (0.21

Net asset value, end of period

   $ 26.94      $ 23.03      $ 21.11      $ 24.08      $ 24.92  

TOTAL RETURN2

     19.44      12.45      (9.89 )%8       (1.19 )%       (0.33 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 75,442      $ 48,366      $ 31,667      $ 40,944      $ 19,939  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.39 %9       0.63      0.63      0.64 %5       0.63 %6 

Expenses, prior to expense waivers

     0.63      0.63      0.63      0.64 %5       0.63 %6 

Net investment income

     2.17      2.88      2.59      2.42      2.03 %6 

Portfolio turnover rate7

     62      49      62      47      3
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

6

Annualized.

 

7

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.

 

8 

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the period. Excluding this voluntary reimbursement, total return would have been unchanged.

 

9

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2018, unless earlier terminated by the Board of Trustees of the Trust.

 

See Notes to Financial Statements.

 

90   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets
SmallCap Dividend Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 44.62      $ 37.90      $ 44.46      $ 46.40      $ 51.18  

Investment operations:

              

Net investment income1

     1.42        1.35        1.24        1.32        1.40  

Net realized and unrealized gain (loss)

     8.89        6.71        (6.65      (1.97      (4.57

Total from investment operations

     10.31        8.06        (5.41      (0.65      (3.17

Dividends to shareholders:

              

Net investment income

     (1.46      (1.34      (1.15      (1.29      (1.61

Net asset value, end of period

   $ 53.47      $ 44.62      $ 37.90      $ 44.46      $ 46.40  

TOTAL RETURN2

     23.55      21.76      (12.20 )%       (1.51 )%       (6.08 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 1,743,104      $ 1,106,602      $ 894,468      $ 1,413,669      $ 1,814,327  

Ratios to average net assets3 of:

              

Expenses4

     0.63      0.63      0.63      0.64 %5       0.63 %6 

Net investment income

     2.88      3.36      3.13      2.84      2.96 %6 

Portfolio turnover rate7

     48      47      52      42      26

 

           
WisdomTree Global ex-U.S. Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 50.03      $ 47.16      $ 50.80      $ 51.68      $ 51.75  

Investment operations:

              

Net investment income1

     1.24        1.14        1.02        1.05        1.38  

Net realized and unrealized gain (loss)

     8.79        2.94        (3.75      (0.91      (0.19

Total from investment operations

     10.03        4.08        (2.73      0.14        1.19  

Dividends to shareholders:

              

Net investment income

     (1.03      (1.21      (0.91      (1.02      (1.26

Net asset value, end of period

   $ 59.03      $ 50.03      $ 47.16      $ 50.80      $ 51.68  

TOTAL RETURN2

     20.18      8.80      (5.42 )%       0.24      2.53

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 70,841      $ 50,031      $ 66,026      $ 86,353      $ 62,012  

Ratios to average net assets3 of:

              

Expenses

     0.58 %4       0.58      0.58 %4,8       0.59 %4,9       0.58 %6 

Net investment income

     2.20      2.39      2.15      2.05      2.73 %6 

Portfolio turnover rate7

     67      66      61      64      93
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

6

Annualized.

 

7

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.

 

8 

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

9 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (continued)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global ex-U.S. Real
Estate Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 28.16      $ 27.26      $ 29.65      $ 27.77      $ 29.90  

Investment operations:

              

Net investment income1

     1.11        1.06        0.89        1.54        0.96  

Net realized and unrealized gain (loss)

     4.92        1.35        (2.08      1.75        (1.84

Total from investment operations

     6.03        2.41        (1.19      3.29        (0.88

Dividends and distributions to shareholders:

              

Net investment income

     (2.15      (1.51      (1.20      (1.41      (1.17

Return of capital

                                 (0.08

Total dividends and distributions to shareholders

     (2.15      (1.51      (1.20      (1.41      (1.25

Net asset value, end of period

   $ 32.04      $ 28.16      $ 27.26      $ 29.65      $ 27.77  

TOTAL RETURN2

     21.90      9.33 %3       (3.89 )%       12.08      (2.70 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 107,329      $ 83,060      $ 94,044      $ 121,560      $ 127,724  

Ratios to average net assets4 of:

              

Expenses

     0.58      0.58      0.58 %5       0.59 %6,7       0.58 %6,8 

Net investment income

     3.56      3.86      3.22      5.21      3.37 %8 

Portfolio turnover rate9

     23      19      32      26      18

 

           
WisdomTree Global High
Dividend Fund
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 44.75      $ 40.84      $ 44.23      $ 47.51      $ 44.03  

Investment operations:

              

Net investment income1

     1.59        1.46        1.76        1.83        2.11  

Net realized and unrealized gain (loss)

     1.54        3.97        (3.43      (3.28      3.46  

Total from investment operations

     3.13        5.43        (1.67      (1.45      5.57  

Dividends to shareholders:

              

Net investment income

     (1.50      (1.52      (1.72      (1.83      (2.09

Net asset value, end of period

   $ 46.38      $ 44.75      $ 40.84      $ 44.23      $ 47.51  

TOTAL RETURN2

     7.02      13.54      (3.77 )%       (3.23 )%       13.13

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 104,358      $ 89,510      $ 73,511      $ 101,718      $ 123,527  

Ratios to average net assets4 of:

              

Expenses

     0.58 %6       0.58      0.58 %5,6       0.59 %6,7       0.58 %6,8 

Net investment income

     3.41      3.42      4.19      3.91      4.60 %8 

Portfolio turnover rate9

     21      21      56      30      25
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

Includes a voluntary reimbursement from the sub-advisor for investment losses on certain foreign exchange transactions during the year. Excluding this voluntary reimbursement, total return would have been unchanged.

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5

Included in the expense ratio are non-recurring professional expenses. Without these expenses, the expense ratio would have been unchanged.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

8 

Annualized.

 

9 

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.

 

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Table of Contents

Financial Highlights (concluded)

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree India Earnings Fund
(consolidated)
   For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
     For the
Year Ended
March 31, 2014
 

Net asset value, beginning of year

   $ 24.07      $ 19.42      $ 22.64     $ 18.93      $ 17.97  

Investment operations:

             

Net investment income1

     0.24        0.23        0.26       0.22        0.25  

Net realized and unrealized gain (loss)

     1.79        4.70        (3.26     3.65        0.94  

Total from investment operations

     2.03        4.93        (3.00     3.87        1.19  

Dividends to shareholders:

             

Net investment income

     (0.22      (0.28      (0.22     (0.16      (0.23

Net asset value, end of year

   $ 25.88      $ 24.07      $ 19.42     $ 22.64      $ 18.93  

TOTAL RETURN2

     8.46      25.56      (13.31 )%3      20.44      6.81

RATIOS/SUPPLEMENTAL DATA:

             

Net assets, end of year (000’s omitted)

   $ 1,671,567      $ 1,564,606      $ 1,475,616     $ 2,372,406      $ 939,064  

Ratios to average net assets of:

             

Expenses, net of expense reimbursements4

     0.84      0.84      0.84     0.84 %5       0.84

Expenses, prior to expense reimbursements4

     0.84      0.84      0.84     0.84 %5       0.84

Net investment income

     0.91      1.09      1.28     0.99      1.49

Portfolio turnover rate6

     22      30      38     26      43

 

           
WisdomTree Middle East Dividend Fund    For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2016
     For the
Year Ended
March 31, 2015
     For the
Period Ended
March 31, 2014
 

Net asset value, beginning of period

   $ 17.60      $ 17.28      $ 20.25      $ 22.38      $ 16.11  

Investment operations:

              

Net investment income1

     0.58        0.59        0.58        0.67        1.28  

Net realized and unrealized gain (loss)

     1.06        0.50        (2.85      (2.06      5.71  

Total from investment operations

     1.64        1.09        (2.27      (1.39      6.99  

Dividends to shareholders:

              

Net investment income

     (0.46      (0.77      (0.70      (0.74      (0.72

Net asset value, end of period

   $ 18.78      $ 17.60      $ 17.28      $ 20.25      $ 22.38  

TOTAL RETURN2

     9.49 %9       6.60      (11.57 )%       (6.28 )%       44.12

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 15,024      $ 17,601      $ 20,731      $ 34,420      $ 53,717  

Ratios to average net assets of:

              

Expenses, net of expense waivers

     0.88      0.88      0.88      0.89 %7       0.88 %8 

Expenses, prior to expense waivers

     0.88      0.88      0.88      0.89 %7       0.88 %8 

Net investment income

     3.28      3.44      3.13      2.93      6.61 %8 

Portfolio turnover rate6

     46      29      25      89      26
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

Includes a reimbursement from the sub-advisor for operating losses on a creation that took place during the period when the NAV was understated. Excluding the reimbursement, total return would have been unchanged.

 

4

Includes interest expense of 0.01%, 0.01%, 0.01%, 0.01% and 0.01% for the fiscal years ended 2018, 2017, 2016, 2015 and 2014, respectively.

 

5

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been unchanged.

 

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.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.88%.

 

8 

Annualized.

 

9 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

See Notes to Financial Statements.

 

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Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2018, the Trust consisted of 80 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 Asia Pacific ex-Japan Fund (“Asia Pacific ex-Japan Fund’’)

     June 16, 2006  

WisdomTree China ex-State-Owned Enterprises Fund (“China ex-State-Owned Enterprises Fund’’)

     September 19, 2012  

WisdomTree Emerging Markets Consumer Growth Fund (“Emerging Markets Consumer Growth Fund’’)

     September 27, 2013  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (“Emerging Markets ex-State-Owned Enterprises Fund’’)

     December 10, 2014  

WisdomTree Emerging Markets High Dividend Fund (“Emerging Markets High Dividend Fund’’)

     July 13, 2007  

WisdomTree Emerging Markets Quality Dividend Growth Fund (“Emerging Markets Quality Dividend Growth Fund’’)

     August 1, 2013  

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund’’)

     October 30, 2007  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (“Global ex-U.S. Quality Dividend Growth Fund’’)

     June 16, 2006  

WisdomTree Global ex-U.S. Real Estate Fund (“Global ex-U.S. Real Estate Fund’’)

     June 5, 2007  

WisdomTree Global High Dividend Fund (“Global High Dividend Fund’’)

     June 16, 2006  

WisdomTree India Earnings Fund (“India Earnings Fund’’) (consolidated)

     February 22, 2008  

WisdomTree Middle East Dividend Fund (“Middle East Dividend Fund’’)

     July 16, 2008  

The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius (“Mauritius”). The Portfolio was incorporated under the provisions of the Mauritius Companies Act, 2001 and holds a Global Business License Category 1 issued by the Financial Services Commission. The Portfolio is advised by WisdomTree Asset Management, Inc. (“WTAM”) and is sub-advised by BNY Mellon Asset Management North America Corporation (“BNY Mellon AMNA”).

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). WisdomTree Investments is the parent company of 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. The securities in each Index are weighted based on earnings or earnings yield.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Basis of Consolidation — The financial statements for the India Earnings Fund include the accounts of a wholly-owned and controlled Mauritius subsidiary (the “Subsidiary”). The Fund’s accompanying financial statements reflect the financial position and the results of operations on a consolidated basis with its Subsidiary. All intercompany accounts and transactions have been eliminated in the consolidation.

 

94   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

Notes to Financial Statements (continued)

 

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), if any, 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. Foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time.

In certain instances, such as when reliable market valuations are not readily available 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 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

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds      95  


Table of Contents

Notes to Financial Statements (continued)

 

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 March 31, 2018 in valuing each Fund’s assets:

 

Asia Pacific ex-Japan Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 44,759,055      $      $  

Exchange-Traded Fund

     111,132                

Total

   $ 44,870,187      $      $  

Unrealized Appreciation on Foreign Currency Contracts

            27         

Total - Net

   $ 44,870,187      $ 27      $  
        
China ex-State-Owned Enterprises Fund    Level 1      Level 2      Level 3  

Common Stocks

                 

Chemicals

   $ 1,700,836      $      $ 1,073,879 ** 

Media

     570,570               366,970 ** 

Multiline Retail

                   278,722 ** 

Real Estate Management & Development

     17,454,123               57,352 ** 

Semiconductors & Semiconductor Equipment

     1,642,783               0 ** 

Other*

     192,385,167                

Investment of Cash Collateral for Securities Loaned

            3,452,217         

Total

   $ 213,753,479      $ 3,452,217      $ 1,776,923  

Unrealized Depreciation on Foreign Currency Contracts

                    

Total - Net

   $ 213,753,479      $ 3,452,217      $ 1,776,923  
        

 

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Emerging Markets Consumer Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 49,798,811      $      $  

Warrants*

     607                

Investment of Cash Collateral for Securities Loaned

            594,206         

Total

   $ 49,799,418      $ 594,206      $  

Unrealized Appreciation on Foreign Currency Contracts

            491         

Total - Net

   $ 49,799,418      $ 594,697      $  
        
Emerging Markets ex-State-Owned Enterprises Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 29,656,398      $      $ 98,267 ** 

Other*

     62,665,433                

Investment of Cash Collateral for Securities Loaned

            243,090         

Total

   $ 92,321,831      $ 243,090      $ 98,267  

Unrealized Appreciation on Foreign Currency Contracts

            8,398         

Unrealized Depreciation on Foreign Currency Contracts

            (12,764       

Total - Net

   $ 92,321,831      $ 238,724      $ 98,267  
        
Emerging Markets High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,207,281,202      $      $  

Exchange-Traded Funds

     69,785,692                

Investment of Cash Collateral for Securities Loaned

            124,481,158         

Total

   $ 2,277,066,894      $ 124,481,158      $  

Unrealized Appreciation on Foreign Currency Contracts

            16,636         

Total - Net

   $ 2,277,066,894      $ 124,497,794      $  
        
Emerging Markets Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 75,271,210      $      $  

Investment of Cash Collateral for Securities Loaned

            393,858         

Total

   $ 75,271,210      $ 393,858      $  
        
Emerging Markets SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 361,049,322      $      $ 1 ** 

Hong Kong

     13,747,468               299,835 ** 

Thailand

     111,529,026               0 ** 

Other*

     1,250,723,784                

Warrants*

     11,778                

Exchange-Traded Fund

     134,566                

Investment of Cash Collateral for Securities Loaned

            21,429,989         

Total

   $ 1,737,195,944      $ 21,429,989      $ 299,836  

Unrealized Appreciation on Foreign Currency Contracts

            788         

Unrealized Depreciation on Foreign Currency Contracts

            (25       

Total - Net

   $ 1,737,195,944      $ 21,430,752      $ 299,836  
        

 

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Notes to Financial Statements (continued)

 

Global ex-U.S. Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 70,454,741      $      $  

Exchange-Traded Funds

     28,545                

Investment of Cash Collateral for Securities Loaned

            1,479,062         

Total

   $ 70,483,286      $ 1,479,062      $  
        
Global ex-U.S. Real Estate Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 106,923,195      $      $  

Exchange-Traded Note

     72,065                

Investment of Cash Collateral for Securities Loaned

            2,072,327         

Total

   $ 106,995,260      $ 2,072,327      $  

Unrealized Appreciation on Foreign Currency Contracts

            20         

Unrealized Depreciation on Foreign Currency Contracts

            (5       

Total - Net

   $ 106,995,260      $ 2,072,342      $  
        
Global High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 103,509,234      $      $  

Exchange-Traded Note

     336,054                

Investment of Cash Collateral for Securities Loaned

            2,514,939         

Total

   $ 103,845,288      $ 2,514,939      $  
        
India Earnings Fund (consolidated)    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,686,636,848      $      $  

Total

   $ 1,686,636,848      $      $  
        
Middle East Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Kuwait

   $ 2,060,122      $      $ 0 ** 

Other*

     12,795,203                

Rights*

     939                

Total

   $ 14,856,264      $      $ 0  

Unrealized Depreciation on Foreign Currency Contracts

            (1       

Total - Net

   $ 14,856,264      $ (1    $ 0  
  * 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.

There were no transfers into or out of any fair value measurement levels during the fiscal year ended March 31, 2018.

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 during the year ended March 31, 2018 and open positions in such derivatives as of March 31, 2018 are detailed in each Fund’s Schedule of Investments. All of the derivative instruments disclosed and described herein are subject to risk. Risks may arise upon entering into foreign currency contracts from potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of the foreign currencies relative to the U.S. dollar or each other. The Funds’ derivative agreements also contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at March 31, 2018 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

 

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Notes to Financial Statements (continued)

 

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 page 103. At March 31, 2018, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

As of March 31, 2018, 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  

Asia Pacific ex-Japan Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
   $ 27      Unrealized depreciation on
foreign currency contracts
   $  

Emerging Markets Consumer Growth Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     491      Unrealized depreciation on
foreign currency contracts
      

Emerging Markets ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     8,398      Unrealized depreciation on
foreign currency contracts
     12,764  

Emerging Markets High Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     16,636      Unrealized depreciation on
foreign currency contracts
      

Emerging Markets SmallCap Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     788      Unrealized depreciation on
foreign currency contracts
     25  

Global ex-U.S. Real Estate Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     20      Unrealized depreciation on
foreign currency contracts
     5  

Middle East Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     1  

For the fiscal year ended March 31, 2018, 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
 

Asia Pacific ex-Japan Fund

     

Foreign exchange contracts

   $ (6,455    $ 25  

China ex-State-Owned Enterprises Fund

     

Foreign exchange contracts

     25,629         

Emerging Markets Consumer Growth Fund

     

Foreign exchange contracts

     (6,155      331  

Emerging Markets ex-State-Owned Enterprises Fund

     

Foreign exchange contracts

     (72,750      (4,419

Emerging Markets High Dividend Fund

     

Foreign exchange contracts

     (93,954      (9,723

Emerging Markets Quality Dividend Growth Fund

     

Foreign exchange contracts

     51,427        (2,353

Emerging Markets SmallCap Dividend Fund

     

Foreign exchange contracts

     130,647        37,046  

Global ex-U.S. Quality Dividend Growth Fund

     

Foreign exchange contracts

     51,480        (8,352

Global ex-U.S. Real Estate Fund

     

Foreign exchange contracts

     (59,369      18  

Global High Dividend Fund

     

Foreign exchange contracts

     1,521        (554

India Earnings Fund (consolidated)

     

Foreign exchange contracts

     (56,485       

 

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Table of Contents

Notes to Financial Statements (continued)

 

Fund    Amount of Realized Gain
or (Loss) on  Derivatives
Recognized1
     Change in Unrealized
Appreciation or (Depreciation)  on
Derivatives Recognized2
 

Middle East Dividend Fund

     

Foreign exchange contracts

   $ (17,238    $ (1
  1 

Realized gains (losses) on derivatives are located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts
  2 

Change in unrealized appreciation (depreciation) is located on the Statements of Operations as follows:

 

Foreign exchange contracts

   Net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts

During the fiscal year ended March 31, 2018, the volume of derivative activity (based on the average of month-end balances) for each Fund was as follows:

 

      Average Notional  
Fund    Foreign currency
contracts
(to deliver USD)
     Foreign currency
contracts
(to receive USD)
 

Asia Pacific ex-Japan Fund

 

Foreign exchange contracts

   $      $ 11,374  

China ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

     498,034        471,227  

Emerging Markets Consumer Growth Fund

 

Foreign exchange contracts

     11,144        6,865  

Emerging Markets ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

     327,364        208,854  

Emerging Markets High Dividend Fund

 

Foreign exchange contracts

     1,325,520        689,199  

Emerging Markets Quality Dividend Growth Fund

 

Foreign exchange contracts

     17,794        38,958  

Emerging Markets SmallCap Dividend Fund

 

Foreign exchange contracts

     1,819,098        853,250  

Global ex-U.S. Quality Dividend Growth Fund

 

Foreign exchange contracts

     7,156        98,966  

Global ex-U.S. Real Estate Fund

 

Foreign exchange contracts

     7,539        18,533  

Global High Dividend Fund

 

Foreign exchange contracts

     22,141        9,051  

India Earnings Fund (consolidated)

 

Foreign exchange contracts

            226,445  

Middle East Dividend Fund

 

Foreign exchange contracts

     16,962        37,292  

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

 

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Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or increase (decrease) in unrealized appreciation (depreciation) from translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds 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 Funds utilized forward foreign currency contracts (‘‘Forward Contracts’’) primarily 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

 

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Table of Contents

Notes to Financial Statements (continued)

 

Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

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 Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

 

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Notes to Financial Statements (continued)

 

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2018, 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  

Fund

  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

 
    Financial
Instruments
    Collateral
Received
        Financial
Instruments
    Collateral
Posted
   

Asia Pacific ex-Japan Fund

 

Securities Lending

  $ 32,274     $     $ (32,274 )1    $     $     $     $     $  

Foreign Currency Contracts

    27                   27                          

China ex-State-Owned Enterprises Fund

 

Securities Lending

    9,973,550             (9,973,550 )1                               

Foreign Currency Contracts

                                               

Emerging Markets Consumer Growth Fund

 

Securities Lending

    2,415,218             (2,415,218 )1                               

Foreign Currency Contracts

    491                   491                          

Emerging Markets ex-State-Owned Enterprises Fund

 

Securities Lending

    627,142             (627,142 )1                               

Foreign Currency Contracts

    8,398       (7,437           961       12,764       (7,437           5,327  

Emerging Markets High Dividend Fund

 

Securities Lending

    251,027,428             (251,027,428 )1                               

Foreign Currency Contracts

    16,636                   16,636                          

Emerging Markets Quality Dividend Growth Fund

 

Securities Lending

    585,935             (585,935 )1                               

Emerging Markets SmallCap Dividend Fund

 

Securities Lending

    180,385,045             (180,385,045 )1                               

Foreign Currency Contracts

    788       (25           763       25       (25            

Global ex-U.S. Quality Dividend Growth Fund

 

Securities Lending

    2,677,338             (2,677,338 )1                               

Global ex-U.S. Real Estate Fund

 

Securities Lending

    3,167,314             (3,167,314 )1                               

Foreign Currency Contracts

    20       (3           17       5       (3           2  

Global High Dividend Fund

 

Securities Lending

    2,728,565             (2,728,565 )1                               

Middle East Dividend Fund

 

Foreign Currency Contracts

                            1                   1  
  1 

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are 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

 

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Table of Contents

Notes to Financial Statements (continued)

 

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. The India Earnings Fund has filed an election to treat the Portfolio as a ‘‘pass-through’’ entity for tax purposes.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for BNY Mellon AMNA to provide sub-advisory services to the Funds. BNY Mellon AMNA is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive 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

 

Asia Pacific ex-Japan Fund

     0.48             

China ex-State-Owned Enterprises Fund

     0.63      (0.31 )%2      July 31, 2018  

Emerging Markets Consumer Growth Fund

     0.63      (0.31 )%3      July 31, 2018  

Emerging Markets ex-State-Owned Enterprises Fund

     0.58      (0.26 )%3      July 31, 2018  

Emerging Markets High Dividend Fund

     0.63             

Emerging Markets Quality Dividend Growth Fund

     0.63      (0.31 )%3      July 31, 2018  

Emerging Markets SmallCap Dividend Fund

     0.63             

Global ex-U.S. Quality Dividend Growth Fund

     0.58             

Global ex-U.S. Real Estate Fund

     0.58             

Global High Dividend Fund

     0.58             

India Earnings Fund (consolidated)

     0.83             

Middle East Dividend Fund

     0.88             
  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 the “Expense waivers” on the Statements of Operations.

 

  2 

Effective June 30, 2017. Prior to June 30, 2017, the Fund’s advisory fee waiver was 0.10% per annum based on average daily net assets.

 

  3 

Effective June 30, 2017.

During the fiscal year ended March 31, 2018, the Middle East Dividend Fund received a reimbursement from BNY Mellon AMNA of $613 resulting from an operational error. The dollar amount of the reimbursement is shown in the Statements of Operations in “Net realized gain from payment by sub-advisor”.

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 in “Expense waivers”.

 

104   WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets Funds


Table of Contents

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Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2018 are as follows:

 

Fund   Value at
3/31/2017
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2018
    Dividend
Income
 

Asia Pacific ex-Japan Fund

 

Global ex-U.S. Real Estate Fund

  $ 60,238     $ 1,200,757     $ 1,164,011     $ 11,910     $ 2,238     $ 111,132     $ 21,383  

Emerging Markets High Dividend Fund

 

Global High Dividend Fund

  $ 1,690,659     $ 17,066,027     $ 16,162,836     $ 45,993     $ (22,530   $ 2,617,313     $ 71,326  

India Earnings Fund

          35,889,489       2,147,871       88,015       (290,976     33,538,657       111,632  

Total

  $ 1,690,659     $ 52,955,516     $ 18,310,707     $ 134,008     $ (313,506   $ 36,155,970     $ 182,958  

Emerging Markets SmallCap Dividend Fund

 

Emerging Markets High Dividend Fund

  $     $ 25,602,822     $ 25,396,390     $ (74,891   $ 3,025     $ 134,566     $ 276,395  

Global ex-U.S. Quality Dividend Growth Fund

                                                       

Emerging Markets High Dividend Fund

  $ 4,452     $ 431,276     $ 433,215     $ 8,795     $ 121     $ 11,429     $ 2,688  

International Equity Fund

    6,664       645,856       646,260       10,973       (117     17,116       2,473  

Total

  $ 11,116     $ 1,077,132     $ 1,079,475     $ 19,768     $ 4     $ 28,545     $ 5,161  

Global High Dividend Fund

                                                       

International High Dividend Fund

  $ 45,756     $ 1,171,952     $ 1,202,558     $ (15,007   $ (143   $     $ 11,482  

U.S. High Dividend Fund

    15,201       388,095       401,059       (2,400     163             1,670  

Total

  $ 60,957     $ 1,560,047     $ 1,603,617     $ (17,407   $ 20     $     $ 13,152  

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2018, 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

 

China ex-State-Owned Enterprises Fund

     44      $ 3,881      $ 41  

Emerging Markets ex-State-Owned Enterprises Fund

     935        30,238        111  

Emerging Markets High Dividend Fund

     19        909        5  

Emerging Markets SmallCap Dividend Fund

     310        16,752        250  

India Earnings Fund (consolidated)

     41        1,075        2  

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2018, 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. The India Earnings Fund and Middle East Dividend Fund issue and redeem shares on a cash basis only as certain securities markets in which these Funds invest do not permit in-kind transfers of securities. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year ended March 31, 2018 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

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Table of Contents

Notes to Financial Statements (continued)

 

 

              In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Asia Pacific ex-Japan Fund

   $ 11,938,568      $ 11,587,599      $ 4,181,563      $ 5,016,924  

China ex-State-Owned Enterprises Fund

     118,078,762        16,718,964        92,570,891         

Emerging Markets Consumer Growth Fund

     34,524,212        22,360,287        11,910,225        3,746,600  

Emerging Markets ex-State-Owned Enterprises Fund

     58,983,897        18,635,428        56,615,269        7,796,538  

Emerging Markets High Dividend Fund

     905,394,928        804,221,054        173,398,396        10,512,720  

Emerging Markets Quality Dividend Growth Fund

     51,646,141        38,821,771        10,228,440        5,030,470  

Emerging Markets SmallCap Dividend Fund

     861,069,840        672,066,777        201,349,842         

Global ex-U.S. Quality Dividend Growth Fund

     41,564,914        39,886,430        10,549,807         

Global ex-U.S. Real Estate Fund

     20,605,393        23,837,246        24,788,779        10,447,039  

Global High Dividend Fund

     21,578,215        20,870,646        11,386,061         

India Earnings Fund (consolidated)

     376,174,424        389,538,097                

Middle East Dividend Fund

     7,538,465        10,976,897                

6. FEDERAL INCOME TAXES

At March 31, 2018, 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
 

Asia Pacific ex-Japan Fund

   $ 40,456,061      $ 7,176,262      $ (2,762,136    $ 4,414,126  

China ex-State-Owned Enterprises Fund

     204,293,917        17,842,805        (3,154,103      14,688,702  

Emerging Markets Consumer Growth Fund

     47,895,454        5,490,958        (2,992,788      2,498,170  

Emerging Markets ex-State-Owned Enterprises Fund

     92,511,719        2,490,542        (2,338,215      152,327  

Emerging Markets High Dividend Fund

     2,224,398,808        314,337,595        (137,184,215      177,153,380  

Emerging Markets Quality Dividend Growth Fund

     66,783,674        12,218,291        (3,336,897      8,881,394  

Emerging Markets SmallCap Dividend Fund

     1,507,937,186        309,270,093        (58,280,747      250,989,346  

Global ex-U.S. Quality Dividend Growth Fund

     65,405,428        8,352,124        (1,795,204      6,556,920  

Global ex-U.S. Real Estate Fund

     107,442,161        6,686,575        (5,061,134      1,625,441  

Global High Dividend Fund

     101,503,364        10,719,897        (5,863,034      4,856,863  

India Earnings Fund (consolidated)

     1,277,059,192        451,847,656        (42,269,999      409,577,657  

Middle East Dividend Fund

     13,993,697        1,644,243        (781,677      862,566  

At March 31, 2018, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation
     Currency and
Other Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

Asia Pacific ex-Japan Fund

   $ 50,165      $ (11,147,544    $ 4,414,126      $ (377    $ (6,683,630

China ex-State-Owned Enterprises Fund

            (4,552,455      14,688,702        1,904        10,138,151  

Emerging Markets Consumer Growth Fund

     86,007        (1,657,901      2,498,170        (37      926,239  

Emerging Markets ex-State-Owned Enterprises Fund

     107,311        (824,702      152,327        (148      (565,212

Emerging Markets High Dividend Fund

     4,537,666        (1,207,866,886      177,153,380        (25,124      (1,026,200,964

Emerging Markets Quality Dividend Growth Fund

     90,123        (6,722,768      8,881,394        (13,606      2,235,143  

Emerging Markets SmallCap Dividend Fund

     4,079,773        (338,597,343      250,989,346        (11,003      (83,539,227

Global ex-U.S. Quality Dividend Growth Fund

     258,693        (11,710,514      6,556,920        200        (4,894,701

Global ex-U.S. Real Estate Fund

     1,643,412        (18,163,106      1,625,441        (940      (14,895,193

Global High Dividend Fund

     301,601        (7,973,130      4,856,863        949        (2,813,717

India Earnings Fund (consolidated)

     3,650,505        (233,766,651      409,577,657        (17,873,123      161,588,388  

Middle East Dividend Fund

     202,067        (4,804,708      862,566        (17      (3,740,092

 

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Table of Contents

Notes to Financial Statements (continued)

 

The tax character of distributions paid during the fiscal years ended March 31, 2018 and March 31, 2017, was as follows:

 

      Year Ended
March 31, 2018
     Year Ended
March 31, 2017
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
 

Asia Pacific ex-Japan Fund

   $ 1,460,015      $ 1,518,023  

China ex-State-Owned Enterprises Fund

     175,236        111,000  

Emerging Markets Consumer Growth Fund

     608,721        426,435  

Emerging Markets ex-State-Owned Enterprises Fund

     125,650        30,710  

Emerging Markets High Dividend Fund

     74,635,924        55,276,488  

Emerging Markets Quality Dividend Growth Fund

     1,254,486        1,116,560  

Emerging Markets SmallCap Dividend Fund

     39,444,335        32,344,872  

Global ex-U.S. Quality Dividend Growth Fund

     1,055,807        1,603,328  

Global ex-U.S. Real Estate Fund

     6,147,290        4,632,789  

Global High Dividend Fund

     3,155,342        2,813,589  

India Earnings Fund (consolidated)

     14,626,040        18,513,240  

Middle East Dividend Fund

     417,266        903,368  
  * Includes short-term capital gains, if any.

At March 31, 2018, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund    Capital Loss
Available
Through 2019
     Short-Term
Post-Effective
No Expiration
     Long-Term
Post-Effective
No  Expiration
     Capital Loss
Available Total
 

Asia Pacific ex-Japan Fund

   $ 2,148,087      $ 3,134,760      $ 5,864,697      $ 11,147,544  

China ex-State-Owned Enterprises Fund

            2,917,072        1,604,090        4,521,162  

Emerging Markets Consumer Growth Fund

            1,638,658        19,243        1,657,901  

Emerging Markets ex-State-Owned Enterprises Fund

            824,702               824,702  

Emerging Markets High Dividend Fund

     561,494        462,213,972        744,275,795        1,207,051,261  

Emerging Markets Quality Dividend Growth Fund

            5,027,875        1,694,893        6,722,768  

Emerging Markets SmallCap Dividend Fund

     4,882,951        211,459,833        122,254,559        338,597,343  

Global ex-U.S. Quality Dividend Growth Fund

            10,001,781        1,708,733        11,710,514  

Global ex-U.S. Real Estate Fund

     10,538,886        2,687,965        4,936,255        18,163,106  

Global High Dividend Fund

     807,956        4,204,549        2,960,625        7,973,130  

India Earnings Fund (consolidated)

     6,294,051        174,187,819        53,284,781        233,766,651  

Middle East Dividend Fund

     763,315        1,954,541        2,086,852        4,804,708  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

During the fiscal year ended March 31, 2018, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

Fund    Late Year Ordinary
Loss
     Short-Term
Post-October
Capital  Losses
     Long-Term
Post-October
Capital  Losses
 

Asia Pacific ex-Japan Fund

   $      $      $  

China ex-State-Owned Enterprises Fund

     31,293                

Emerging Markets Consumer Growth Fund

                    

Emerging Markets ex-State-Owned Enterprises Fund

                    

Emerging Markets High Dividend Fund

            (278,300      1,093,925  

Emerging Markets Quality Dividend Growth Fund

                    

Emerging Markets SmallCap Dividend Fund

                    

Global ex-U.S. Quality Dividend Growth Fund

                    

 

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Table of Contents

Notes to Financial Statements (continued)

 

Fund    Late Year Ordinary
Loss
     Short-Term
Post-October
Capital  Losses
     Long-Term
Post-October
Capital  Losses
 

Global ex-U.S. Real Estate Fund

   $       —      $       —      $       —  

Global High Dividend Fund

                    

India Earnings Fund (consolidated)

                    

Middle East Dividend Fund

                    

During the fiscal year ended March 31, 2018, the amount of capital loss carryforwards used to offset realized gains and the amount of capital loss carryforwards that expired unused are shown in the following table:

 

Fund    Expired
Capital Loss
Carryforward
     Utilized
Capital Loss
Carryforward
 

Asia Pacific ex-Japan Fund

   $ 11,545,171      $ 270,921  

China ex-State-Owned Enterprises Fund

             

Emerging Markets Consumer Growth Fund

            933,478  

Emerging Markets ex-State-Owned Enterprises Fund

             

Emerging Markets High Dividend Fund

     32,150,807        48,226,090  

Emerging Markets Quality Dividend Growth Fund

            1,124,073  

Emerging Markets SmallCap Dividend Fund

     9,367,814        85,491,149  

Global ex-U.S. Quality Dividend Growth Fund

     8,823,117        5,851,517  

Global ex-U.S. Real Estate Fund

     23,011,711        5,648,939  

Global High Dividend Fund

     15,414,669        3,202,602  

India Earnings Fund (consolidated)

     7,978,486        48,909,125  

Middle East Dividend Fund

     5,098,493         

At March 31, 2018, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment
Income/(Loss)
     Accumulated
Net Realized
Gain/(Loss)
     Paid-in Capital  

Asia Pacific ex-Japan Fund

   $ 3,643      $ 10,452,680      $ (10,456,323

China ex-State-Owned Enterprises Fund

     11,791        (11,792      1  

Emerging Markets Consumer Growth Fund

     (36,559      (1,447,412      1,483,971  

Emerging Markets ex-State-Owned Enterprises Fund

     6,727        (1,348,391      1,341,664  

Emerging Markets High Dividend Fund

     100,323        30,649,233        (30,749,556

Emerging Markets Quality Dividend Growth Fund

     (83,176      (1,524,147      1,607,323  

Emerging Markets SmallCap Dividend Fund

     468,677        8,899,137        (9,367,814

Global ex-U.S. Quality Dividend Growth Fund

     (66,102      8,889,269        (8,823,167

Global ex-U.S. Real Estate Fund

     1,043,570        20,790,822        (21,834,392

Global High Dividend Fund

     19,235        15,394,987        (15,414,222

India Earnings Fund (consolidated)

     (215,216      8,193,702        (7,978,486

Middle East Dividend Fund

     (3,949      5,102,440        (5,098,491

The differences are primarily due to redemptions-in-kind, foreign currency transactions, investments in passive foreign investment companies, investments in partnerships, expiration of capital loss carryforwards and foreign capital gain taxes.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2018, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2018, remains subject to examination by taxing authorities.

 

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Notes to Financial Statements (concluded)

 

7. MAURITIUS INCOME TAX

The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities which entitles it to claim the benefits of the double taxation avoidance agreement entered between the Government of India and Mauritius (“tax treaty”). Since the India Earnings Fund makes its investments through the Portfolio, a wholly owned subsidiary organized in the Republic of Mauritius, this structure should permit the India Earnings Fund to benefit from the tax treaty. The Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the treaty’s applicability to entities such as the Portfolio.

The taxable profits derived from the worldwide income of the wholly owned subsidiary of the India Earnings Fund, i.e. the Portfolio, is subject to income tax at the rate of 15% in the Republic of Mauritius. As with all Mauritian tax residents, the Portfolio is entitled to a foreign tax credit (“FTC”) on its foreign sourced income. The FTC is based on the lower of the Mauritian tax or the foreign taxes incurred. Where documentary evidence is not available to substantiate the foreign taxes suffered, the FTC can be presumed to be 80% of the Mauritius tax on its foreign source income. The presumed FTC effectively reduces the Mauritian income tax rate on the foreign sourced income of the Portfolio to a maximum of 3%. Interest income on call and deposit accounts with Mauritian banks is exempt from tax, and there is no tax on capital gains in Mauritius. Prior to August 8, 2012, the Mauritius income tax was paid by the Portfolio, and thereafter, the Mauritius income tax was paid by WTAM.

On May 10, 2016, the Government of India and Mauritius announced the signing of a protocol amending the provisions of the tax treaty (“2016 Protocol”). The 2016 Protocol has become effective on April 1, 2017 in respect of income and gains received from India. The 2016 Protocol, inter alia, provides for capital gains arising on disposal of shares acquired by a company resident in Mauritius on or after April 1, 2017 to be taxed in India. However, investments in shares acquired up to March 31, 2017 are grandfathered, thus exempted from capital gains tax in India irrespective of the date of disposal. In addition, shares acquired from April 1, 2017 and disposed of by March 31, 2019 are taxable at a concessionary rate equivalent to 50% of the domestic tax rate prevailing in India provided the Mauritius company meets the prescribed limitation of benefits (“LOB”) clause. As such, the LOB Article denies the concessional 50% Indian capital gains tax rate benefit in respect of capital gains arising between April 1, 2017 and March 31, 2019, where the LOB conditions are not fulfilled.

Any shares acquired by the Portfolio after April 1, 2017 and transferred on or after April 1, 2019 are subject to the full rate of capital gains tax in India. The 2016 Protocol only amends the capital gains article in relation to the taxation of shares. As such, all other “securities” besides shares are subject to similar taxation principles, as they apply currently to the Portfolio.

This amendment will reduce the return to the India Earnings Fund on its investments made on or after April 1, 2017 and the return received by India Earnings Fund shareholders. For the fiscal year ended March 31, 2018, as disclosed in the Statements of Operations, the India Earnings Fund accrued a short-term capital gain tax on net unrealized short-term gains of $17,866,912 on shares acquired after April 1, 2017.

In March 2012, the Indian Finance Minister introduced a new chapter to the Indian Income Tax Act, 1961 (“IT Act”), which included certain General Anti-Avoidance Rules (“GAAR”). GAAR is applicable to financial years beginning on or after April 1, 2017. All investments made into India up-to April 1, 2017 are grandfathered and are exempt from the applicability of GAAR, irrespective of the date of exit of the investments. With effect from April 1, 2017, the investments made by the Portfolio would be subject to GAAR if benefit under the tax treaty is claimed by the Portfolio.

Reference to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.

8. DEMAND NOTE

During the fiscal year ended March 31, 2018, the India Earnings Fund had a demand note agreement with Bank of America, N.A. which allowed the Fund to borrow up to $400,000,000 until the stated maturity date of October 3, 2017. During the fiscal year ended March 31, 2018, to facilitate purchase transactions in connection with its annual portfolio rebalance, the Fund utilized the demand note and borrowed for a period of 6 days with an average outstanding loan balance of $198,766,667 and a weighted average interest rate of 3.47% per annum. Interest expense related to the loan for the fiscal year ended March 31, 2018 was $113,297. At March 31, 2018, the Fund did not have any outstanding demand note agreements or amounts.

9. ADDITIONAL INFORMATION

On February 1, 2018, the Finance Minister of India presented the 2018 Finance Bill to the Indian Parliament, which contained a proposal to reintroduce the long-term capital gains tax on capital gains arising from the transfer of listed equity shares, units of an equity-oriented mutual fund, or units of a business trust, which has been subject to securities transactions tax. Effective April 1, 2018, long-term capital gains exceeding 100,000 Indian rupees would be taxed at a rate of 10% plus applicable surcharge and education cess, however, capital gains accrued up to January 31, 2018 would be grandfathered and not subject to the long-term capital gains tax. The 2018 Finance Bill received the assent of the President of India on March 29, 2018 and thus became enacted law. As a result, the 2018 Finance Bill proposals, including the reintroduction of the long-term capital gains tax, came into effect from April 1, 2018.

 

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Table of Contents

Report of Independent Registered Public Accounting Firm

 

To the Shareholders and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Trust (the “Trust”) (comprising WisdomTree Asia Pacific ex-Japan Fund, WisdomTree China ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets Consumer Growth Fund, WisdomTree Emerging Markets ex-State-Owned Enterprises Fund, WisdomTree Emerging Markets High Dividend Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree Global High Dividend Fund, WisdomTree India Earnings Fund (consolidated) and WisdomTree Middle East Dividend Fund (collectively referred to as the “Funds”)) including the schedules of investments, as of March 31, 2018, and the related statements of operations, and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds comprising WisdomTree Trust at March 31, 2018, the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

Funds comprising the WisdomTree Trust   Statement of
operations
  Statements of changes in net
assets
  Financial highlights

WisdomTree Asia Pacific ex-Japan Fund

WisdomTree China ex-State-Owned Enterprises Fund

WisdomTree Emerging Markets High Dividend Fund

WisdomTree Emerging Markets SmallCap Dividend Fund

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

WisdomTree Global ex-U.S. Real Estate Fund

WisdomTree Global High Dividend Fund

WisdomTree India Earnings Fund (consolidated)

WisdomTree Middle East Dividend Fund

  For the year ended March 31, 2018   For each of the two years in the period ended March 31, 2018   For each of the five years in the period ended March 31, 2018
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund   For the year ended March 31, 2018   For each of the two years in the period ended March 31, 2018   For each of the three years in the period ended March 31, 2018 and the period from December 10, 2014 (commencement of operations) through March 31, 2015
WisdomTree Emerging Markets Consumer Growth Fund   For the year ended March 31, 2018   For each of the two years in the period ended March 31, 2018   For each of the four years in the period ended March 31, 2018 and the period from September 27, 2013 (commencement of operations) through March 31, 2014
WisdomTree Emerging Markets Quality Dividend Growth Fund   For the year ended March 31, 2018   For each of the two years in the period ended March 31, 2018   For each of the four years in the period ended March 31, 2018 and the period from August 1, 2013 (commencement of operations) through March 31, 2014

 

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Report of Independent Registered Public Accounting Firm (concluded)

 

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2018, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, NY

May 24, 2018

 

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Table of Contents

Trustees and Officers Information (unaudited)

 

The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
   

Other
Directorships
Held by Trustee

During the Past
5 Years

David G. Chrencik^
(1948)
  Trustee, 2014- present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     80     Trustee, Vericimetry Funds (2011 to 2014); Director, Bennett Group of Funds (2011 to 2013); Trustee, del Rey Global Investors Funds (2011 to 2012).
Joel Goldberg#
(1945)
  Trustee, 2012- present   Attorney, Of Counsel at Stroock & Stroock & Lavan LLP (“Stroock”) since 2015; Attorney, Partner at Stroock from 2010 to 2013; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     80     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro†
(1955)
  Trustee, 2006- present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     80     None
Melinda A. Raso Kirstein‡
(1955)
  Trustee, 2014- present   Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     80     Associate Alumnae of Douglass College, Member of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006- present; Chairman of the Board of Trustees, 2006-present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     80     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

* As of March 31, 2018.

 

^ Chair of the Audit Committee.

 

# Chair of the Contracts Review Committee.

 

Chair of the Governance, Nominating and Compliance Committee.

 

Chair of the Investment Committee.

 

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Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length

of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
   

Other
Directorships
Held by Trustee

During the Past
5 Years

Jonathan Steinberg**

(1964)

  Trustee, 2005-
present President, 2005-present
  President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2012; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2005.     80     Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano**
(1971)
  Treasurer, 2013- present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011.     80     None
Terry Jane Feld**
(1960)
  Chief Compliance Officer, 2012- present   Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011.     80     None
Ryan Louvar**
(1972)
  Secretary and Chief Legal Officer, 2013-
present
  General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.     80     None
Joanne Antico**
(1975)
  Assistant Secretary, 2018-present   Senior Investment Management Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     80     None
Clint Martin**
(1977)
  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.     80     None

 

* As of March 31, 2018.

 

** Elected by and serves at the pleasure of the Board.

 

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Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2018, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2019.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2018, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Asia Pacific ex-Japan Fund

   $ 863,699  

China ex-State-Owned Enterprises Fund

     125,935  

Emerging Markets Consumer Growth Fund

     584,481  

Emerging Markets ex-State-Owned Enterprises Fund

     125,650  

Emerging Markets High Dividend Fund

     53,288,722  

Emerging Markets Quality Dividend Growth Fund

     845,885  

Emerging Markets SmallCap Dividend Fund

     20,648,465  

Global ex-U.S. Quality Dividend Growth Fund

     1,055,807  

Global ex-U.S. Real Estate Fund

     868,754  

Global High Dividend Fund

     3,099,065  

India Earnings Fund (consolidated)

     14,626,040  

Middle East Dividend Fund

     134,174  

The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2018, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Asia Pacific ex-Japan Fund

   $ 1,712,154      $ 136,357  

China ex-State-Owned Enterprises Fund

     238,546        9,212  

Emerging Markets Consumer Growth Fund

     830,439        78,077  

Emerging Markets ex-State-Owned Enterprises Fund

     334,805        42,935  

Emerging Markets High Dividend Fund

     87,963,396        10,665,188  

Emerging Markets Quality Dividend Growth Fund

     1,645,619        175,956  

Emerging Markets SmallCap Dividend Fund

     47,678,092        5,544,491  

Global ex-U.S. Quality Dividend Growth Fund

     1,617,600        142,576  

Global ex-U.S. Real Estate Fund

     3,519,908        203,946  

Global High Dividend Fund

             

India Earnings Fund (consolidated)

             

Middle East Dividend Fund

     709,111        24,596  

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2018, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction
 

Asia Pacific ex-Japan Fund

      

China ex-State-Owned Enterprises Fund

     7.26

Emerging Markets Consumer Growth Fund

      

Emerging Markets ex-State-Owned Enterprises Fund

     0.28

Emerging Markets High Dividend Fund

     0.02

Emerging Markets Quality Dividend Growth Fund

      

Emerging Markets SmallCap Dividend Fund

      

Global ex-U.S. Quality Dividend Growth Fund

      

Global ex-U.S. Real Estate Fund

      

Global High Dividend Fund

     50.58

India Earnings Fund (consolidated)

      

Middle East Dividend Fund

      

 

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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.

 

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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 March 31, 2018:

 

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 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 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 Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

  

 

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 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 Russell 2000 PutWrite Strategy Fund (RPUT)

 

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)


Table of Contents

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. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

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

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only by Authorized Participants in large creation unit sizes of shares.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

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WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

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-U.S. Quality Dividend Growth Fund (DNL)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

WisdomTree Global High Dividend Fund (DEW)

WisdomTree India Earnings Fund (EPI)

WisdomTree Middle East Dividend Fund (GULF)

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-0797


Table of Contents

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WisdomTree Trust

Domestic Equity Funds

 

Annual Report

March 31, 2018

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

(formerly, WisdomTree Dividend ex-Financials Fund)

WisdomTree U.S. Earnings 500 Fund (EPS)

(formerly, WisdomTree Earnings 500 Fund)

WisdomTree U.S. High Dividend Fund (DHS)

(formerly, WisdomTree High Dividend Fund)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

(formerly, WisdomTree LargeCap Dividend Fund)

WisdomTree U.S. MidCap Dividend Fund (DON)

(formerly, WisdomTree MidCap Dividend Fund)

WisdomTree U.S. MidCap Earnings Fund (EZM)

(formerly, WisdomTree MidCap Earnings Fund)

WisdomTree U.S. Multifactor Fund (USMF)

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

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

(formerly, WisdomTree U.S. LargeCap Value Fund (EZY))

WisdomTree U.S. SmallCap Dividend Fund (DES)

(formerly, WisdomTree SmallCap Dividend Fund)

WisdomTree U.S. SmallCap Earnings Fund (EES)

(formerly, WisdomTree SmallCap Earnings Fund)

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

WisdomTree U.S. Total Dividend Fund (DTD)

(formerly, WisdomTree Total Dividend Fund)

WisdomTree U.S. Total Earnings Fund (EXT)

(formerly, WisdomTree Total Earnings Fund)


Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1  

Performance Summaries (unaudited)

       4  

Description of Indexes (unaudited)

       18  

Shareholder Expense Examples (unaudited)

       20  
Schedules of Investments     

WisdomTree U.S. Dividend ex-Financials Fund

       22  

WisdomTree U.S. Earnings 500 Fund

       24  

WisdomTree U.S. High Dividend Fund

       31  

WisdomTree U.S. LargeCap Dividend Fund

       37  

WisdomTree U.S. MidCap Dividend Fund

       41  

WisdomTree U.S. MidCap Earnings Fund

       47  

WisdomTree U.S. Multifactor Fund

       54  

WisdomTree U.S. Quality Dividend Growth Fund

       57  

WisdomTree U.S. Quality Shareholder Yield Fund

       61  

WisdomTree U.S. SmallCap Dividend Fund

       64  

WisdomTree U.S. SmallCap Earnings Fund

       73  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

       83  

WisdomTree U.S. Total Dividend Fund

       88  

WisdomTree U.S. Total Earnings Fund

       98  

Statements of Assets and Liabilities

       112  

Statements of Operations

       115  

Statements of Changes in Net Assets

       118  

Financial Highlights

       123  

Notes to Financial Statements

       130  

Report of Independent Registered Public Accounting Firm

       142  

Trustees and Officers Information (unaudited)

       144  

Supplemental Information (unaudited)

       146  

General Information (unaudited)

       147  

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


Table of Contents

Management’s Discussion of Funds’ Performance (unaudited)

 

Market Environment Overview

The U.S. equity market, as measured by the S&P 500 Index, returned 13.99% for the 12-month period ended March 31, 2018 (the “period”). After bottoming in March of 2009, the S&P 500 Index has recorded nine straight years of gains. Measured from March 31, 2009 through March 31, 2018, the nine-year cumulative total return on the S&P 500 Index was 300.10%. This represents a substantial recovery in the equity markets as earnings and dividend levels have recently surpassed previous highs.

While the overall return for the period was positive, it was marked by multiple bouts of volatility. Since the U.S. election in November 2016, the S&P 500 Index has gained 26.93% on a cumulative basis, while the yield on the 10-year U.S. Treasury note has increased 0.88%. The market’s move higher has been characterized by improving corporate earnings, tailwinds from recently passed U.S. tax reform, and a strengthening U.S. economy. Hopes for deregulation have boosted expectations for the financial and healthcare sectors. Corporate earnings, share buybacks, and dividends continue to grow at meaningful rates. The unemployment rate in the U.S. has continued to decline while prices have remained steady. As a result, the Federal Reserve has continued to tighten policy. While risks of geopolitical instability remain, analysts remain hopeful that talks between President Trump and global leaders don’t generate unintended consequences. In the first quarter of 2018, volatility increased dramatically across most asset classes as fears of a potential trade war combined with concerns over the length of the recovery and market valuations.

WisdomTree Funds’ Performance Overview

The following table reflects the WisdomTree Funds’ performance versus their capitalization-weighted benchmark indexes:

 

Ticker   WisdomTree Fund   1-Year
NAV
Return
  Performance Benchmark   1-Year
Return
     Difference

DTN

  WisdomTree U.S. Dividend ex-Financials Fund   5.71%   Dow Jones U.S. Select Dividend Index     8.25%      -2.54%

EPS

  WisdomTree U.S. Earnings 500 Fund   13.49%   S&P 500 Index     13.99%      -0.50%

DHS

  WisdomTree U.S. High Dividend Fund   2.69%   Russell 1000 Value Index     6.95%      -4.26%

DLN

  WisdomTree U.S. LargeCap Dividend Fund   9.44%   S&P 500 Index     13.99%      -4.55%

DON

  WisdomTree U.S. MidCap Dividend Fund   7.30%   S&P MidCap 400 Index     10.97%      -3.67%

EZM

  WisdomTree U.S. MidCap Earnings Fund   10.77%   S&P MidCap 400 Index     10.97%      -0.20%

USMF

  WisdomTree U.S. Multifactor Fund*   13.90%   S&P 500 Index     10.75%      3.15%

DGRW

  WisdomTree U.S. Quality Dividend Growth Fund   15.95%   NASDAQ U.S. Dividend Achievers Select Index     14.63%      1.32%

QSY

  WisdomTree U.S. Quality Shareholder Yield Fund   16.77%   Russell 1000 Value Index     6.95%      9.82%

DES

  WisdomTree U.S. SmallCap Dividend Fund   5.02%   Russell 2000 Index     11.79%      -6.77%

EES

  WisdomTree U.S. SmallCap Earnings Fund   12.09%   Russell 2000 Index     11.79%      0.30%

DGRS

  WisdomTree U.S. SmallCap Quality Dividend Growth Fund   5.97%   Russell 2000 Index     11.79%      -5.82%

DTD

  WisdomTree U.S. Total Dividend Fund   8.76%   Russell 3000 Index     13.81%      -5.05%

EXT

  WisdomTree U.S. Total Earnings Fund   13.31%   Russell 3000 Index     13.81%      -0.50%
* Since the Fund had less than one year of operating history, the returns shown are cumulative returns since the inception date of the Fund.

 

WisdomTree Domestic Equity Funds      1  


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (continued)

 

The top-performing performance benchmark in the chart above was the NASDAQ U.S. Dividend Achievers Select Index, which is a measure of stocks of companies that have historically increased and paid dividends annually. Conversely, the Russell 1000 Value Index was the weakest performer. In general, growth tended to outperform value and large caps tended to outperform mid- and small-capitalization stocks during the period.

The majority of WisdomTree’s fundamentally-weighted Funds are designed to track indexes based on the dividend stream or earnings stream, respectively, generated by the companies included in the underlying WisdomTree Index. The dividend stream is defined as the sum of the dollar value of dividends indicated to be paid by each company. The earnings stream is defined as the total dollar level of earnings for all companies within each Index. There are two primary factors that drive performance differentials of the WisdomTree Funds and Indexes versus their performance benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend or earnings stream.

6 of the sectors represented within the S&P 500 Index experienced positive performance over the period, with 4 of them generating double digit returns. The best-performing sectors over the period were the Information Technology (27.68%) and Financial (17.99%) sectors. The Information Technology sector was driven higher by robust earnings and the Financials sector was driven higher as U.S. interest rates climbed alongside greater growth prospects and economic improvement in the United States. Defensive sectors such as Consumer Staples and Telecommunications were the worst performing sectors as rising interest rates weighed on their performance.

The performance of most WisdomTree dividend-weighted Funds as compared to their performance benchmarks were mixed over the period. Historically, WisdomTree’s dividend-focused approaches have tended to tilt greater weight toward dividend-paying firms which results in a more value-oriented approach to investing. As a result, many of the dividend funds lagged their performance benchmarks. These results make sense given that dividend paying equities came under pressure with the rise in U.S. interest rates. The performance of most of the WisdomTree earnings-weighted Funds compared to their performance benchmarks was generally favorable over the period, in both total return and relative to their performance benchmarks. The WisdomTree earnings-weighted Funds track an underlying WisdomTree Index that focuses solely on generating exposure to the performance of companies that have generated positive profits on a cumulative basis leading up to the Index screening date. It makes sense that the earnings-weighted Funds outperformed in most cases given that the portfolios tend to be less tilted to value oriented sectors and as such, caught some growth tailwinds over the period.

The strongest relative performance measured versus the performance benchmarks came from the WisdomTree U.S. Quality Shareholder Yield Fund (QSY) (formerly, WisdomTree U.S. LargeCap Value Fund), a model-based actively managed fund, outperforming its performance benchmark by 9.82%. This was primarily driven by rules-based stock selection and sector tilts. The WisdomTree U.S. Quality Dividend Growth Fund (DGRW) also saw outperformance of 1.32% over its performance benchmark with rules-based stock selection and a large overweight in the Information Technology sector again being major drivers of performance.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 18-19 for the list of index descriptions.

Fund performance assumes reinvestment of dividends and capital gain distributions. 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.

 

2   WisdomTree Domestic Equity Funds


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (concluded)

 

Therefore, index returns do not reflect deductions for fees or expenses and an index is not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or taxes that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.

 

WisdomTree Domestic Equity Funds      3  


Table of Contents

Performance Summary (unaudited)

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

(formerly, WisdomTree Dividend ex-Financials Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Energy

    15.0%  

Consumer Discretionary

    12.7%  

Utilities

    11.8%  

Information Technology

    11.6%  

Consumer Staples

    11.4%  

Health Care

    10.2%  

Industrials

    9.3%  

Materials

    9.0%  

Telecommunication Services

    8.6%  

Investment Company

    0.2%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

CenturyLink, Inc.

    5.0%  

Targa Resources Corp.

    3.0%  

ONEOK, Inc.

    2.3%  

AT&T, Inc.

    1.9%  

Target Corp.

    1.7%  

FirstEnergy Corp.

    1.6%  

Verizon Communications, Inc.

    1.6%  

Las Vegas Sands Corp.

    1.6%  

Ford Motor Co.

    1.6%  

Occidental Petroleum Corp.

    1.5%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree U.S. Dividend ex-Financials Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend ex-Financials Index.

The Fund returned 5.71% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Consumer Staples contributed negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      5 Year      10 Year      Since
Inception1
 

Fund NAV Returns

       5.71      7.22      9.88      9.06      8.30

Fund Market Price Returns

       5.72      7.22      9.88      9.07      8.29

WisdomTree Dividend Top 100/U.S. Dividend ex-Financials Spliced Index2

       6.11      7.67      10.31      9.52      8.71

Dow Jones U.S. Select Dividend IndexSM

       8.25      10.87      12.45      9.54      8.01
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

2 

WisdomTree Dividend Top 100 Index through May 7, 2009; WisdomTree U.S. Dividend ex-Financials Index thereafter.

 

LOGO

 

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 Domestic Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Earnings 500 Fund (EPS)

(formerly, WisdomTree Earnings 500 Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    23.9%  

Financials

    20.1%  

Health Care

    12.4%  

Consumer Discretionary

    11.3%  

Industrials

    10.0%  

Consumer Staples

    9.2%  

Energy

    3.1%  

Telecommunication Services

    3.0%  

Utilities

    2.8%  

Materials

    2.3%  

Real Estate

    1.7%  

Investment Company

    0.1%  

Other Assets less Liabilities

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Apple, Inc.

    4.8%  

JPMorgan Chase & Co.

    2.5%  

Microsoft Corp.

    2.5%  

Alphabet, Inc., Class A

    2.1%  

Bank of America Corp.

    2.0%  

Berkshire Hathaway, Inc., Class B

    1.9%  

Wells Fargo & Co.

    1.7%  

Intel Corp.

    1.7%  

Verizon Communications, Inc.

    1.5%  

Johnson & Johnson

    1.5%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree U.S. Earnings 500 Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Earnings 500 Index.

The Fund returned 13.49% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed most negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     13.49     10.46     12.89     9.24     7.65

Fund Market Price Returns

     13.67     10.49     12.92     9.27     7.67

WisdomTree U.S. Earnings 500 Index

     13.85     10.77     13.21     9.55     7.97

S&P 500® Index

     13.99     10.78     13.31     9.49     7.82
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

 

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 Domestic Equity Funds      5  


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. High Dividend Fund (DHS)

(formerly, WisdomTree High Dividend Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Staples

    13.9%  

Real Estate

    13.3%  

Health Care

    12.4%  

Energy

    12.2%  

Information Technology

    10.2%  

Utilities

    9.4%  

Telecommunication Services

    9.2%  

Financials

    6.7%  

Consumer Discretionary

    6.6%  

Industrials

    4.5%  

Materials

    1.0%  

Investment Company

    0.3%  

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Exxon Mobil Corp.

    4.7%  

AT&T, Inc.

    4.7%  

Verizon Communications, Inc.

    3.6%  

Johnson & Johnson

    3.3%  

Chevron Corp.

    3.1%  

Pfizer, Inc.

    3.0%  

Wells Fargo & Co.

    2.7%  

Cisco Systems, Inc.

    2.6%  

Philip Morris International, Inc.

    2.5%  

Intel Corp.

    2.5%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree U.S. High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Dividend Index.

The Fund returned 2.69% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Information Technology. The Fund’s position in Real Estate contributed negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     2.69     7.46     9.42     7.57     6.51

Fund Market Price Returns

     2.65     7.44     9.40     7.56     6.51

WisdomTree U.S. High Dividend Index

     3.05     7.90     9.81     7.98     6.87

Russell 1000® Value Index

     6.95     7.88     10.78     7.78     7.16
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

 

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 Domestic Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

(formerly, WisdomTree LargeCap Dividend Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    17.3%  

Financials

    13.8%  

Consumer Staples

    13.1%  

Health Care

    12.0%  

Industrials

    9.6%  

Consumer Discretionary

    8.4%  

Energy

    8.2%  

Telecommunication Services

    5.8%  

Utilities

    5.0%  

Real Estate

    4.1%  

Materials

    2.5%  

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.

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Microsoft Corp.

    3.6%  

Apple, Inc.

    3.3%  

Exxon Mobil Corp.

    3.0%  

AT&T, Inc.

    3.0%  

Verizon Communications, Inc.

    2.3%  

Johnson & Johnson

    2.1%  

JPMorgan Chase & Co.

    2.1%  

Chevron Corp.

    2.0%  

Pfizer, Inc.

    1.9%  

Wells Fargo & Co.

    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 U.S. LargeCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Dividend Index.

The Fund returned 9.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed to a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     9.44     9.41     11.35     8.34     7.83

Fund Market Price Returns

     9.53     9.40     11.37     8.35     7.82

WisdomTree U.S. LargeCap Dividend Index

     9.79     9.75     11.67     8.77     8.19

S&P 500® Index

     13.99     10.78     13.31     9.49     8.82
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

 

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 Domestic Equity Funds      7  


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. MidCap Dividend Fund (DON)

(formerly, WisdomTree MidCap Dividend Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    22.2%  

Real Estate

    15.4%  

Industrials

    15.1%  

Utilities

    10.7%  

Financials

    8.3%  

Materials

    8.0%  

Information Technology

    7.9%  

Energy

    6.7%  

Consumer Staples

    3.5%  

Health Care

    1.9%  

Investment Company

    0.0%

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Targa Resources Corp.

    2.0%  

Macy’s, Inc.

    1.4%  

Kohl’s Corp.

    1.3%  

Tapestry, Inc.

    1.3%  

W.W. Grainger, Inc.

    1.0%  

Helmerich & Payne, Inc.

    0.9%  

Gap, Inc. (The)

    0.9%  

AES Corp.

    0.9%  

Western Union Co. (The)

    0.8%  

Interpublic Group of Cos., Inc. (The)

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

 

The WisdomTree U.S. MidCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Dividend Index.

The Fund returned 7.30% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Consumer Discretionary contributed positively to performance while its position in Real Estate contributed most negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     7.30     8.79     12.31     11.09     9.39

Fund Market Price Returns

     7.30     8.75     12.28     11.09     9.43

WisdomTree U.S. MidCap Dividend Index

     7.67     9.22     12.68     11.44     9.50

S&P MidCap 400® Index

     10.97     8.96     11.97     10.90     9.86
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

 

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 Domestic Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. MidCap Earnings Fund (EZM)

(formerly, WisdomTree MidCap Earnings Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    22.4%  

Industrials

    18.6%  

Financials

    16.2%  

Information Technology

    13.3%  

Real Estate

    8.7%  

Materials

    6.1%  

Health Care

    4.6%  

Utilities

    4.3%  

Consumer Staples

    3.5%  

Energy

    1.8%  

Investment Company

    0.2%  

Telecommunication Services

    0.1%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Park Hotels & Resorts, Inc.

    2.0%  

Discovery Communications, Inc., Class A

    0.9%  

Macy’s, Inc.

    0.9%  

Penn National Gaming, Inc.

    0.8%  

GCI Liberty, Inc., Class A

    0.8%  

First Data Corp., Class A

    0.7%  

JetBlue Airways Corp.

    0.6%  

United Therapeutics Corp.

    0.6%  

DST Systems, Inc.

    0.6%  

Foot Locker, Inc.

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

 

The WisdomTree U.S. MidCap Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Earnings Index.

The Fund returned 10.77% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Industrials positively contributed to performance while its position in Energy negatively impacted performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     10.77     7.77     11.87     12.17     9.33

Fund Market Price Returns

     10.64     7.74     11.87     12.17     9.34

WisdomTree U.S. MidCap Earnings Index

     11.18     8.11     12.18     12.49     9.58

S&P MidCap 400® Index

     10.97     8.96     11.97     10.90     8.85
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

 

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 Domestic Equity Funds      9  


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Multifactor Fund (USMF)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    24.2%  

Financials

    15.3%  

Health Care

    13.0%  

Consumer Discretionary

    12.7%  

Industrials

    11.2%  

Consumer Staples

    7.3%  

Energy

    5.8%  

Materials

    3.0%  

Real Estate

    2.9%  

Utilities

    2.7%  

Telecommunication Services

    1.8%  

Other Assets less Liabilities

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Aflac, Inc.

    1.2%  

Phillips 66

    1.2%  

Torchmark Corp.

    1.2%  

W.R. Berkley Corp.

    1.2%  

Hanover Insurance Group, Inc. (The)

    1.2%  

Verizon Communications, Inc.

    1.2%  

First American Financial Corp.

    1.2%  

Broadridge Financial Solutions, Inc.

    1.2%  

Valero Energy Corp.

    1.2%  

Progressive Corp. (The)

    1.2%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

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

The Fund returned 13.90% at net asset value (“NAV”) from inception to March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Consumer Staples contributed most negatively to performance.

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 June 26, 2017, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/18

 

      Cumulative Total Return  
      Since
Inception1
 

Fund NAV Returns

     13.90

Fund Market Price Returns

     13.94

WisdomTree U.S. Multifactor Index

     13.87

S&P 500® Index

     10.75
1 

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

 

LOGO

 

Performance is historical and does not guarantee future results. 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 Domestic Equity Funds


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    21.0%  

Industrials

    18.6%  

Health Care

    17.0%  

Consumer Discretionary

    12.0%  

Consumer Staples

    11.2%  

Financials

    9.5%  

Energy

    6.4%  

Materials

    3.0%  

Real Estate

    0.7%  

Utilities

    0.5%  

Other Assets less Liabilities

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Exxon Mobil Corp.

    5.0%  

Johnson & Johnson

    4.6%  

Microsoft Corp.

    4.3%  

Apple, Inc.

    3.9%  

Wells Fargo & Co.

    3.8%  

AbbVie, Inc.

    2.5%  

Altria Group, Inc.

    2.4%  

Intel Corp.

    2.4%  

PepsiCo, Inc.

    2.4%  

Home Depot, Inc. (The)

    2.3%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree U.S. Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Quality Dividend Growth Index.

The Fund returned 15.95% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Energy contributed to a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       15.95      11.20      12.72

Fund Market Price Returns

       16.08      11.20      12.73

WisdomTree U.S. Quality Dividend Growth Index

       16.38      11.55      13.06

NASDAQ U.S. Dividend AchieversTM Select Index

       14.63      10.18      10.68
1 

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

 

LOGO

 

Performance is historical and does not guarantee future results. 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 Domestic Equity Funds      11  


Table of Contents

Performance Summary (unaudited)

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

(formerly, WisdomTree U.S. LargeCap Value Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    21.7%  

Consumer Discretionary

    20.5%  

Industrials

    15.9%  

Financials

    14.4%  

Health Care

    10.7%  

Consumer Staples

    9.6%  

Materials

    4.4%  

Energy

    1.8%  

Telecommunication Services

    0.4%  

Utilities

    0.4%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Seagate Technology PLC

    1.6%  

Liberty Global PLC

    1.2%  

Worldpay, Inc., Class A

    1.2%  

CBS Corp., Class B Non-Voting Shares

    1.0%  

Assurant, Inc.

    1.0%  

American International Group, Inc.

    1.0%  

Conagra Brands, Inc.

    1.0%  

Express Scripts Holding Co.

    1.0%  

Allison Transmission Holdings, Inc.

    1.0%  

McKesson Corp.

    0.9%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree U.S. Quality Shareholder Yield Fund (the ‘‘Fund’’) seeks income and capital appreciation. Prior to December 18, 2017, the Fund was named the WisdomTree U.S. LargeCap Value Fund and sought to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Value Index.

The Fund returned 16.77% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Telecommunication Services contributed to a drag on performance.

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 December 18, 2017, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     16.77     8.39     12.11     8.17     6.23

Fund Market Price Returns

     16.75     8.37     12.12     8.18     6.24

Russell 1000® Value Index

     6.95     7.88     10.78     7.78     5.84
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

 

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 Domestic Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. SmallCap Dividend Fund (DES)

(formerly, WisdomTree SmallCap Dividend Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Consumer Discretionary

    21.6%  

Industrials

    18.0%  

Real Estate

    13.3%  

Financials

    11.8%  

Materials

    7.6%  

Utilities

    6.7%  

Information Technology

    6.4%  

Consumer Staples

    5.7%  

Energy

    3.8%  

Telecommunication Services

    2.3%  

Health Care

    1.9%  

Investment Company

    0.5%  

Other Assets less Liabilities

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Vector Group Ltd.

    1.5%  

CVR Energy, Inc.

    1.2%  

Pitney Bowes, Inc.

    1.1%  

Pattern Energy Group, Inc., Class A

    1.0%  

Covanta Holding Corp.

    1.0%  

SemGroup Corp., Class A

    0.9%  

Tupperware Brands Corp.

    0.8%  

American Eagle Outfitters, Inc.

    0.8%  

GameStop Corp., Class A

    0.8%  

Uniti Group, Inc.

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

 

The WisdomTree U.S. SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Dividend Index.

The Fund returned 5.02% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Real Estate contributed negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     5.02     7.76     10.77     9.67     7.98

Fund Market Price Returns

     5.05     7.71     10.73     9.66     7.97

WisdomTree U.S. SmallCap Dividend Index

     5.33     8.01     10.86     10.00     8.08

Russell 2000® Index

     11.79     8.39     11.47     9.84     8.42
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

 

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 Domestic Equity Funds      13  


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. SmallCap Earnings Fund (EES)

(formerly, WisdomTree SmallCap Earnings Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Financials

    21.0%  

Consumer Discretionary

    20.1%  

Industrials

    19.6%  

Information Technology

    12.8%  

Health Care

    7.8%  

Materials

    5.8%  

Real Estate

    3.9%  

Energy

    3.6%  

Consumer Staples

    3.3%  

Utilities

    1.2%  

Telecommunication Services

    0.6%  

Investment Company

    0.1%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Match Group, Inc.

    1.9%  

Warrior Met Coal, Inc.

    1.3%  

EnPro Industries, Inc.

    1.3%  

KEMET Corp.

    1.1%  

Stone Energy Corp.

    1.1%  

Premier, Inc., Class A

    1.1%  

American Axle & Manufacturing Holdings, Inc.

    0.7%  

GameStop Corp., Class A

    0.7%  

Genworth Financial, Inc., Class A

    0.6%  

Callaway Golf Co.

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

 

The WisdomTree U.S. SmallCap Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Earnings Index.

The Fund returned 12.09% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Financials contributed the most to performance while its position in Consumer Staples contributed to a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     12.09     9.50     12.27     12.01     8.41

Fund Market Price Returns

     12.05     9.46     12.28     12.02     8.40

WisdomTree U.S. SmallCap Earnings Index

     12.34     9.69     12.43     12.12     8.53

Russell 2000® Index

     11.79     8.39     11.47     9.84     7.17
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

 

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 Domestic Equity Funds


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Industrials

    26.2%  

Consumer Discretionary

    23.3%  

Financials

    15.8%  

Materials

    10.7%  

Information Technology

    6.5%  

Real Estate

    5.3%  

Utilities

    4.8%  

Consumer Staples

    4.1%  

Health Care

    2.1%  

Energy

    0.6%  

Telecommunication Services

    0.4%  

Other Assets less Liabilities

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

CoreCivic, Inc.

    2.0%  

Urban Edge Properties

    1.5%  

Compass Minerals International, Inc.

    1.5%  

American Eagle Outfitters, Inc.

    1.4%  

Tupperware Brands Corp.

    1.4%  

South Jersey Industries, Inc.

    1.3%  

Dine Brands Global, Inc.

    1.3%  

GATX Corp.

    1.2%  

Hope Bancorp, Inc.

    1.2%  

Community Bank System, Inc.

    1.2%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree U.S. SmallCap Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Quality Dividend Growth Index.

The Fund returned 5.97% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund benefited from its position in Industrials. The Fund’s position in Real Estate contributed negatively to performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/18

 

        Average Annual Total Return  
        1 Year      3 Year      Since
Inception1
 

Fund NAV Returns

       5.97      6.76      9.22

Fund Market Price Returns

       5.89      6.71      9.19

WisdomTree U.S. SmallCap Quality Dividend Growth Index

       6.28      6.98      9.48

Russell 2000® Index

       11.79      8.39      9.78
1 

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

 

LOGO

 

Performance is historical and does not guarantee future results. 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 Domestic Equity Funds      15  


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Total Dividend Fund (DTD)

(formerly, WisdomTree Total Dividend Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    15.3%  

Financials

    14.4%  

Consumer Staples

    11.5%  

Health Care

    10.3%  

Industrials

    9.8%  

Consumer Discretionary

    9.5%  

Real Estate

    8.0%  

Energy

    7.6%  

Utilities

    5.3%  

Telecommunication Services

    5.0%  

Materials

    3.0%  

Investment Company

    0.0%

Other Assets less Liabilities

    0.3%  

Total

    100.0%  

 

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

 

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

 

* Represents less than 0.1%.

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Microsoft Corp.

    3.0%  

Apple, Inc.

    2.8%  

Exxon Mobil Corp.

    2.5%  

AT&T, Inc.

    2.5%  

Verizon Communications, Inc.

    1.9%  

Johnson & Johnson

    1.8%  

JPMorgan Chase & Co.

    1.7%  

Chevron Corp.

    1.7%  

Pfizer, Inc.

    1.6%  

Wells Fargo & Co.

    1.5%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree U.S. Total Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Dividend Index.

The Fund returned 8.76% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed to a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     8.76     9.21     11.39     8.68     8.00

Fund Market Price Returns

     8.90     9.18     11.41     8.70     7.99

WisdomTree U.S. Dividend Index

     9.05     9.53     11.69     9.12     8.41

Russell 3000® Index

     13.81     10.22     13.03     9.62     8.87
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.

 

LOGO

 

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 Domestic Equity Funds


Table of Contents

Performance Summary (unaudited)

WisdomTree U.S. Total Earnings Fund (EXT)

(formerly, WisdomTree Total Earnings Fund)

 

Sector Breakdown† as of 3/31/18

 

Sector   % of Net Assets  

Information Technology

    22.5%  

Financials

    20.4%  

Consumer Discretionary

    12.4%  

Health Care

    11.5%  

Industrials

    10.8%  

Consumer Staples

    8.4%  

Energy

    2.9%  

Utilities

    2.9%  

Materials

    2.7%  

Real Estate

    2.7%  

Telecommunication Services

    2.6%  

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.

 

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

Top Ten Holdings* as of 3/31/18

 

Description   % of Net Assets  

Apple, Inc.

    4.2%  

JPMorgan Chase & Co.

    2.2%  

Microsoft Corp.

    2.2%  

Alphabet, Inc., Class A

    1.8%  

Bank of America Corp.

    1.7%  

Berkshire Hathaway, Inc., Class B

    1.7%  

Wells Fargo & Co.

    1.5%  

Intel Corp.

    1.5%  

Johnson & Johnson

    1.3%  

Verizon Communications, Inc.

    1.3%  
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes derivatives and investment of cash collateral for securities on loan (if any).

 

The WisdomTree U.S. Total Earnings Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Earnings Index.

The Fund returned 13.31% at net asset value (“NAV”) for the fiscal year ending March 31, 2018 (for more complete information please see table below). The Fund’s position in Information Technology contributed positively to performance while its position in Telecommunication Services contributed to a drag on performance.

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 August 1, 2017, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/18

 

      Average Annual Total Return  
      1 Year     3 Year     5 Year     10 Year     Since
Inception1
 

Fund NAV Returns

     13.31     10.16     12.75     9.59     7.85

Fund Market Price Returns

     13.49     10.18     12.76     9.60     7.86

WisdomTree U.S. Earnings Index

     13.57     10.54     13.15     9.93     8.16

Russell 3000® Index

     13.81     10.22     13.03     9.62     7.81
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

 

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 Domestic Equity Funds      17  


Table of Contents

Description of Indexes (unaudited)

 

 

Below are descriptions of each Index referenced in this report:

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

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

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

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

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

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

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

The WisdomTree Dividend Top 100 Index is comprised of the 100 highest dividend-yielding companies in the WisdomTree U.S. LargeCap Dividend Index.

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

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

The WisdomTree U.S. Earnings 500 Index is comprised of earnings-generating companies within the large-capitalization segment of the U.S. stock market.

The WisdomTree U.S. Earnings Index is comprised of earnings-generating companies within the broad U.S. stock market.

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

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

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

The WisdomTree U.S. MidCap Earnings Index is comprised of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.

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

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

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

The WisdomTree U.S. SmallCap Earnings Index is comprised of earnings-generating companies within the small-capitalization segment of the U.S. stock market.

 

18   WisdomTree Domestic Equity Funds


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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

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

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

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

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

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

 

WisdomTree Domestic Equity Funds      19  


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 October 1, 2017 to March 31, 2018.

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 10/1/17 to 3/31/18” 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.

 

20   WisdomTree Domestic Equity Funds


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

     Beginning
Account Value
10/1/17
    Ending
Account Value
3/31/18
    Annualized
Expense Ratio
Based on the
Period
10/1/17  to
3/31/18
    Expenses Paid
During the
Period†
10/1/17 to
3/31/18
 

WisdomTree U.S. Dividend ex-Financials Fund

       

Actual

  $ 1,000.00     $ 1,016.40       0.38   $ 1.91  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.04       0.38   $ 1.92  

WisdomTree U.S. Earnings 500 Fund

       

Actual

  $ 1,000.00     $ 1,051.70       0.28   $ 1.43  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.54       0.28   $ 1.41  

WisdomTree U.S. High Dividend Fund

       

Actual

  $ 1,000.00     $ 990.00       0.38   $ 1.89  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.04       0.38   $ 1.92  

WisdomTree U.S. LargeCap Dividend Fund

       

Actual

  $ 1,000.00     $ 1,031.20       0.28   $ 1.42  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.54       0.28   $ 1.41  

WisdomTree U.S. MidCap Dividend Fund

       

Actual

  $ 1,000.00     $ 1,034.60       0.38   $ 1.93  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.04       0.38   $ 1.92  

WisdomTree U.S. MidCap Earnings Fund

       

Actual

  $ 1,000.00     $ 1,044.50       0.38   $ 1.94  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.04       0.38   $ 1.92  

WisdomTree U.S. Multifactor Fund

       

Actual

  $ 1,000.00     $ 1,081.50       0.28   $ 1.45  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.54       0.28   $ 1.41  

WisdomTree U.S. Quality Dividend Growth Fund

       

Actual

  $ 1,000.00     $ 1,067.00       0.28   $ 1.44  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.54       0.28   $ 1.41  

WisdomTree U.S. Quality Shareholder Yield Fund

       

Actual

  $ 1,000.00     $ 1,071.40       0.38   $ 1.96  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.04       0.38   $ 1.92  

WisdomTree U.S. SmallCap Dividend Fund

       

Actual

  $ 1,000.00     $ 993.00       0.38   $ 1.89  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.04       0.38   $ 1.92  

WisdomTree U.S. SmallCap Earnings Fund

       

Actual

  $ 1,000.00     $ 1,027.10       0.38   $ 1.92  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.04       0.38   $ 1.92  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

       

Actual

  $ 1,000.00     $ 1,005.60       0.38   $ 1.90  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.04       0.38   $ 1.92  

WisdomTree U.S. Total Dividend Fund

       

Actual

  $ 1,000.00     $ 1,027.90       0.28   $ 1.42  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.54       0.28   $ 1.41  

WisdomTree U.S. Total Earnings Fund

       

Actual

  $ 1,000.00     $ 1,050.90       0.28   $ 1.43  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,023.54       0.28   $ 1.41  
Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period).

 

WisdomTree Domestic Equity Funds      21  


Table of Contents

Schedule of Investments

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%  
United States – 99.6%  
Aerospace & Defense – 1.9%  

Lockheed Martin Corp.

     23,878      $ 8,069,092  

United Technologies Corp.

     56,428        7,099,771  
     

 

 

 
Total Aerospace & Defense               15,168,863  
Air Freight & Logistics – 0.9%  

United Parcel Service, Inc. Class B

     68,705        7,190,665  
Airlines – 0.9%  

Delta Air Lines, Inc.

     129,607        7,103,760  
Automobiles – 3.6%  

Ford Motor Co.

     1,144,810        12,684,495  

General Motors Co.

     252,609        9,179,811  

Harley-Davidson, Inc.(a)

     170,707        7,319,916  
     

 

 

 
Total Automobiles               29,184,222  
Beverages – 1.2%  

Coca-Cola Co. (The)

     215,039        9,339,144  
Biotechnology – 3.1%  

AbbVie, Inc.

     92,006        8,708,368  

Amgen, Inc.

     44,878        7,650,801  

Gilead Sciences, Inc.

     112,612        8,489,819  
     

 

 

 
Total Biotechnology               24,848,988  
Chemicals – 5.0%  

Air Products & Chemicals, Inc.

     43,607        6,934,821  

CF Industries Holdings, Inc.

     245,055        9,245,925  

DowDuPont, Inc.

     90,032        5,735,939  

Eastman Chemical Co.

     72,175        7,620,237  

Monsanto Co.

     46,877        5,470,077  

Praxair, Inc.

     40,770        5,883,111  
     

 

 

 
Total Chemicals               40,890,110  
Communications Equipment – 1.3%  

Cisco Systems, Inc.

     248,830        10,672,319  
Containers & Packaging – 2.9%  

International Paper Co.

     177,701        9,494,565  

Packaging Corp. of America

     54,131        6,100,564  

WestRock Co.

     128,573        8,250,529  
     

 

 

 
Total Containers & Packaging               23,845,658  
Diversified Telecommunication Services – 8.6%  

AT&T, Inc.

     441,734        15,747,817  

CenturyLink, Inc.

     2,462,258        40,454,899  

Verizon Communications, Inc.

     273,409        13,074,418  
     

 

 

 
Total Diversified Telecommunication Services               69,277,134  
Electric Utilities – 8.3%  

Avangrid, Inc.

     188,217        9,621,653  

Duke Energy Corp.

     136,595        10,582,015  

Entergy Corp.

     147,566        11,625,249  

FirstEnergy Corp.

     386,455        13,143,335  

PPL Corp.

     375,367        10,619,132  

Southern Co. (The)

     266,958        11,922,344  
     

 

 

 
Total Electric Utilities               67,513,728  
Electrical Equipment – 1.1%  

Emerson Electric Co.

     135,509      9,255,265  
Food Products – 4.4%  

Archer-Daniels-Midland Co.

     232,311        10,075,328  

General Mills, Inc.

     186,410        8,399,635  

Kellogg Co.

     147,421        9,583,839  

Kraft Heinz Co. (The)

     117,620        7,326,550  
     

 

 

 
Total Food Products               35,385,352  
Health Care Equipment & Supplies – 0.8%  

Abbott Laboratories

     103,906        6,226,048  
Health Care Providers & Services – 1.2%  

Cardinal Health, Inc.

     159,853        10,019,586  
Hotels, Restaurants & Leisure – 2.7%  

Darden Restaurants, Inc.

     103,905        8,857,901  

Las Vegas Sands Corp.

     180,408        12,971,335  
     

 

 

 
Total Hotels, Restaurants & Leisure               21,829,236  
Household Durables – 0.9%  

Newell Brands, Inc.

     288,292        7,345,680  
Household Products – 2.1%  

Kimberly-Clark Corp.

     81,038        8,924,715  

Procter & Gamble Co. (The)

     102,069        8,092,030  
     

 

 

 
Total Household Products               17,016,745  
Industrial Conglomerates – 0.7%  

General Electric Co.

     445,332        6,003,075  
IT Services – 3.7%  

International Business Machines Corp.

     75,827        11,634,137  

Paychex, Inc.

     129,302        7,963,710  

Western Union Co. (The)

     552,356        10,621,806  
     

 

 

 
Total IT Services               30,219,653  
Machinery – 1.8%  

Caterpillar, Inc.

     46,278        6,820,452  

Cummins, Inc.

     45,421        7,362,290  
     

 

 

 
Total Machinery               14,182,742  
Media – 1.2%  

Omnicom Group, Inc.

     137,346        9,980,934  
Metals & Mining – 1.0%  

Nucor Corp.

     132,014        8,064,735  
Multi-Utilities – 3.5%  

CenterPoint Energy, Inc.

     371,593        10,181,648  

Dominion Energy, Inc.

     131,107        8,840,545  

Public Service Enterprise Group, Inc.

     188,112        9,450,747  
     

 

 

 
Total Multi-Utilities               28,472,940  
Multiline Retail – 1.7%  

Target Corp.

     203,192        14,107,621  
Oil, Gas & Consumable Fuels – 15.0%  

Chevron Corp.

     91,213        10,401,931  

Exxon Mobil Corp.

     134,608        10,043,103  

Kinder Morgan, Inc.

     490,120        7,381,207  

Marathon Petroleum Corp.

     118,679        8,676,622  

 

See Notes to Financial Statements.

 

22   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Occidental Petroleum Corp.

     191,089      $ 12,413,141  

ONEOK, Inc.

     326,166        18,565,369  

Phillips 66

     86,607        8,307,343  

Targa Resources Corp.

     556,678        24,493,832  

Valero Energy Corp.

     112,475        10,434,306  

Williams Cos., Inc. (The)

     435,848        10,835,181  
     

 

 

 
Total Oil, Gas & Consumable Fuels               121,552,035  
Personal Products – 1.1%  

Coty, Inc. Class A

     490,336        8,973,149  
Pharmaceuticals – 5.1%  

Bristol-Myers Squibb Co.

     118,973        7,525,042  

Eli Lilly & Co.

     85,517        6,616,450  

Johnson & Johnson

     51,617        6,614,719  

Merck & Co., Inc.

     188,085        10,244,990  

Pfizer, Inc.

     297,568        10,560,688  
     

 

 

 
Total Pharmaceuticals               41,561,889  
Semiconductors & Semiconductor Equipment – 3.3%  

Maxim Integrated Products, Inc.

     159,390        9,598,466  

QUALCOMM, Inc.

     160,712        8,905,052  

Texas Instruments, Inc.

     78,149        8,118,899  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        26,622,417  
Software – 1.2%  

CA, Inc.

     277,194        9,396,877  
Specialty Retail – 1.1%  

L Brands, Inc.

     224,735        8,587,124  
Technology Hardware, Storage & Peripherals – 2.1%  

HP, Inc.

     370,779        8,127,476  

Western Digital Corp.

     93,608        8,637,210  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        16,764,686  
Textiles, Apparel & Luxury Goods – 1.5%  

Tapestry, Inc.

     230,823        12,143,598  
Tobacco – 2.7%  

Altria Group, Inc.

     163,906        10,214,622  

Philip Morris International, Inc.

     117,717        11,701,070  
     

 

 

 
Total Tobacco               21,915,692  
Trading Companies & Distributors – 2.0%  

Fastenal Co.

     136,464        7,449,570  

W.W. Grainger, Inc.

     31,050        8,764,483  
     

 

 

 
Total Trading Companies & Distributors               16,214,053  
TOTAL COMMON STOCKS
(Cost: $764,461,885)
              806,875,723  
EXCHANGE-TRADED FUNDS – 0.2%  
United States – 0.2%  

WisdomTree U.S. LargeCap Dividend Fund(b)

     10,300        911,447  

WisdomTree U.S. MidCap Dividend Fund(b)

     26,869        916,770  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $1,810,853)
              1,828,217  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%  
United States – 0.2%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

(Cost: $1,620,500)(d)

     1,620,500      1,620,500  
TOTAL INVESTMENTS IN SECURITIES – 100.0%
(Cost: $767,893,238)
        810,324,440  

Other Assets less Liabilities – 0.0%

        185,266  
     

 

 

 
NET ASSETS – 100.0%             $ 810,509,706  
(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $1,605,427 and the total market value of the collateral held by the Fund was $1,637,801. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $17,301.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      23  


Table of Contents

Schedule of Investments

WisdomTree U.S. Earnings 500 Fund (EPS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
United States – 99.8%      
Aerospace & Defense – 3.0%      

Boeing Co. (The)

     4,291      $ 1,406,933  

General Dynamics Corp.

     2,818        622,496  

Harris Corp.

     838        135,153  

Huntington Ingalls Industries, Inc.

     467        120,374  

L3 Technologies, Inc.

     695        144,560  

Lockheed Martin Corp.

     2,094        707,625  

Northrop Grumman Corp.

     1,428        498,543  

Raytheon Co.

     2,120        457,538  

Rockwell Collins, Inc.

     977        131,749  

Spirit AeroSystems Holdings, Inc. Class A

     757        63,361  

Textron, Inc.

     2,146        126,550  

TransDigm Group, Inc.

     328        100,676  

United Technologies Corp.

     7,762        976,615  
     

 

 

 
Total Aerospace & Defense               5,492,173  
Air Freight & Logistics – 0.7%      

C.H. Robinson Worldwide, Inc.

     997        93,429  

Expeditors International of Washington, Inc.

     1,338        84,695  

FedEx Corp.

     2,224        534,005  

United Parcel Service, Inc. Class B

     5,484        573,955  

XPO Logistics, Inc.*

     339        34,514  
     

 

 

 
Total Air Freight & Logistics               1,320,598  
Airlines – 1.0%      

Alaska Air Group, Inc.

     2,000        123,920  

American Airlines Group, Inc.

     7,050        366,318  

Delta Air Lines, Inc.

     12,465        683,207  

Southwest Airlines Co.

     6,180        353,990  

United Continental Holdings, Inc.*

     5,646        392,228  
     

 

 

 
Total Airlines               1,919,663  
Auto Components – 0.2%      

BorgWarner, Inc.

     1,050        52,742  

Goodyear Tire & Rubber Co. (The)

     5,706        151,665  

Lear Corp.

     1,189        221,261  
     

 

 

 
Total Auto Components               425,668  
Automobiles – 1.1%      

Ford Motor Co.

     64,240        711,779  

General Motors Co.

     30,808        1,119,563  

Harley-Davidson, Inc.(a)

     2,064        88,504  

Thor Industries, Inc.

     499        57,470  
     

 

 

 
Total Automobiles               1,977,316  
Banks – 9.9%      

Bank of America Corp.

     121,689        3,649,453  

BB&T Corp.

     8,042        418,506  

Citigroup, Inc.

     34,557        2,332,597  

Citizens Financial Group, Inc.

     5,461        229,253  

Comerica, Inc.

     1,673        160,491  

East West Bancorp, Inc.

     1,559        97,500  

Fifth Third Bancorp

     11,900        377,825  

First Republic Bank

     1,326        122,801  

Huntington Bancshares, Inc.

     10,860        163,986  

JPMorgan Chase & Co.

     42,118      4,631,716  

KeyCorp

     11,427        223,398  

M&T Bank Corp.

     1,418        261,422  

PNC Financial Services Group, Inc. (The)

     5,127        775,407  

Regions Financial Corp.

     12,539        232,975  

SunTrust Banks, Inc.

     5,419        368,709  

SVB Financial Group*

     368        88,324  

U.S. Bancorp

     18,918        955,359  

Wells Fargo & Co.

     60,420        3,166,612  

Zions Bancorp

     1,962        103,456  
     

 

 

 
Total Banks               18,359,790  
Beverages – 1.7%      

Brown-Forman Corp. Class B

     2,463        133,987  

Coca-Cola Co. (The)

     18,443        800,979  

Constellation Brands, Inc. Class A

     1,511        344,387  

Dr. Pepper Snapple Group, Inc.

     1,453        172,006  

Molson Coors Brewing Co. Class B

     5,850        440,681  

Monster Beverage Corp.*

     2,332        133,414  

PepsiCo, Inc.

     10,979        1,198,358  
     

 

 

 
Total Beverages               3,223,812  
Biotechnology – 3.4%      

AbbVie, Inc.

     12,777        1,209,343  

Alexion Pharmaceuticals, Inc.*

     801        89,279  

Amgen, Inc.

     8,546        1,456,922  

Biogen, Inc.*

     2,162        591,999  

Celgene Corp.*

     6,363        567,643  

Exelixis, Inc.*

     951        21,065  

Gilead Sciences, Inc.

     28,653        2,160,150  

Regeneron Pharmaceuticals, Inc.*

     610        210,060  

Vertex Pharmaceuticals, Inc.*

     236        38,463  
     

 

 

 
Total Biotechnology               6,344,924  
Building Products – 0.2%      

A.O. Smith Corp.

     1,015        64,544  

Fortune Brands Home & Security, Inc.

     1,189        70,020  

Lennox International, Inc.

     288        58,859  

Masco Corp.

     2,291        92,648  

Owens Corning

     723        58,129  
     

 

 

 
Total Building Products               344,200  
Capital Markets – 4.3%      

Affiliated Managers Group, Inc.

     497        94,221  

Ameriprise Financial, Inc.

     1,822        269,547  

Bank of New York Mellon Corp. (The)

     11,900        613,207  

BlackRock, Inc.

     1,249        676,608  

CBOE Global Markets, Inc.

     257        29,324  

Charles Schwab Corp. (The)

     7,470        390,083  

CME Group, Inc.

     1,813        293,235  

E*TRADE Financial Corp.*

     2,185        121,071  

FactSet Research Systems, Inc.

     245        48,858  

Franklin Resources, Inc.

     6,949        240,991  

Goldman Sachs Group, Inc. (The)

     5,840        1,470,862  

Intercontinental Exchange, Inc.

     4,217        305,817  

Moody’s Corp.

     1,492        240,660  

 

See Notes to Financial Statements.

 

24   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Earnings 500 Fund (EPS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Morgan Stanley

     23,107      $ 1,246,854  

MSCI, Inc.

     463        69,205  

Nasdaq, Inc.

     1,460        125,881  

Northern Trust Corp.

     1,933        199,350  

Raymond James Financial, Inc.

     1,456        130,181  

S&P Global, Inc.

     1,946        371,803  

SEI Investments Co.

     1,050        78,655  

State Street Corp.

     4,137        412,583  

T. Rowe Price Group, Inc.

     2,426        261,935  

TD Ameritrade Holding Corp.

     3,070        181,836  
     

 

 

 
Total Capital Markets               7,872,767  
Chemicals – 1.6%      

Air Products & Chemicals, Inc.

     1,479        235,205  

Albemarle Corp.

     464        43,031  

Celanese Corp. Series A

     1,373        137,588  

Chemours Co. (The)

     1,072        52,217  

DowDuPont, Inc.

     7,819        498,148  

Eastman Chemical Co.

     1,979        208,943  

Ecolab, Inc.

     1,750        239,873  

FMC Corp.

     383        29,326  

Huntsman Corp.

     2,462        72,014  

International Flavors & Fragrances, Inc.

     527        72,152  

Monsanto Co.

     3,524        411,216  

Mosaic Co. (The)

     2,532        61,477  

PPG Industries, Inc.

     2,029        226,436  

Praxair, Inc.

     1,972        284,560  

Sherwin-Williams Co. (The)

     507        198,805  

Westlake Chemical Corp.

     1,119        124,377  
     

 

 

 
Total Chemicals               2,895,368  
Commercial Services & Supplies – 0.3%      

Cintas Corp.

     568        96,889  

Copart, Inc.*

     1,225        62,389  

Republic Services, Inc.

     2,226        147,428  

Rollins, Inc.

     731        37,303  

Waste Management, Inc.

     2,962        249,164  
     

 

 

 
Total Commercial Services & Supplies               593,173  
Communications Equipment – 1.3%      

Arista Networks, Inc.*

     324        82,717  

Cisco Systems, Inc.

     47,592        2,041,221  

F5 Networks, Inc.*

     572        82,717  

Juniper Networks, Inc.

     4,092        99,558  

Motorola Solutions, Inc.

     1,293        136,153  
     

 

 

 
Total Communications Equipment               2,442,366  
Construction & Engineering – 0.0%      

Jacobs Engineering Group, Inc.

     755        44,658  
Construction Materials – 0.1%      

Martin Marietta Materials, Inc.

     362        75,043  

Vulcan Materials Co.

     523        59,711  
     

 

 

 
Total Construction Materials               134,754  
Consumer Finance – 1.3%      

Ally Financial, Inc.

     6,290        170,773  

American Express Co.

     8,648        806,685  

Capital One Financial Corp.

     6,689      640,940  

Discover Financial Services

     5,487        394,680  

Synchrony Financial

     10,335        346,533  
     

 

 

 
Total Consumer Finance               2,359,611  
Containers & Packaging – 0.4%      

Avery Dennison Corp.

     702        74,588  

Ball Corp.

     1,238        49,161  

Berry Global Group, Inc.*

     999        54,755  

Crown Holdings, Inc.*

     1,552        78,764  

International Paper Co.

     3,568        190,638  

Packaging Corp. of America

     805        90,724  

Sealed Air Corp.

     831        35,558  

WestRock Co.

     1,978        126,928  
     

 

 

 
Total Containers & Packaging               701,116  
Distributors – 0.1%      

Genuine Parts Co.

     1,310        117,691  

LKQ Corp.*

     2,353        89,296  
     

 

 

 
Total Distributors               206,987  
Diversified Financial Services – 1.9%      

Berkshire Hathaway, Inc. Class B*

     17,455        3,481,923  

Leucadia National Corp.

     3,946        89,693  
     

 

 

 
Total Diversified Financial Services               3,571,616  
Diversified Telecommunication Services – 2.8%      

AT&T, Inc.

     64,194        2,288,516  

CenturyLink, Inc.

     4,068        66,838  

Verizon Communications, Inc.

     57,188        2,734,730  

Zayo Group Holdings, Inc.*

     450        15,372  
     

 

 

 
Total Diversified Telecommunication Services               5,105,456  
Electric Utilities – 1.9%      

Alliant Energy Corp.

     1,805        73,752  

American Electric Power Co., Inc.

     4,469        306,529  

Avangrid, Inc.

     2,267        115,889  

Duke Energy Corp.

     5,575        431,895  

Edison International

     3,654        232,613  

Eversource Energy

     2,852        168,040  

Exelon Corp.

     9,313        363,300  

NextEra Energy, Inc.

     4,821        787,414  

PG&E Corp.

     8,323        365,629  

Pinnacle West Capital Corp.

     1,021        81,476  

PPL Corp.

     8,085        228,725  

Southern Co. (The)

     1,992        88,963  

Westar Energy, Inc.

     1,064        55,956  

Xcel Energy, Inc.

     4,288        195,018  
     

 

 

 
Total Electric Utilities               3,495,199  
Electrical Equipment – 0.3%      

AMETEK, Inc.

     1,464        111,220  

Emerson Electric Co.

     4,551        310,833  

Rockwell Automation, Inc.

     803        139,883  
     

 

 

 
Total Electrical Equipment               561,936  
Electronic Equipment, Instruments & Components – 0.5%  

Amphenol Corp. Class A

     1,999        172,174  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      25  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Earnings 500 Fund (EPS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

CDW Corp.

     1,173      $ 82,474  

Cognex Corp.

     653        33,949  

Corning, Inc.

     13,605        379,307  

IPG Photonics Corp.*

     326        76,082  

Keysight Technologies, Inc.*

     1,046        54,800  

Trimble, Inc.*

     821        29,458  

Universal Display Corp.(a)

     94        9,494  
     

 

 

 
Total Electronic Equipment, Instruments & Components        837,738  
Energy Equipment & Services – 0.0%      

Halliburton Co.

     1,070        50,226  
Equity Real Estate Investment Trusts (REITs) – 1.6%     

Alexandria Real Estate Equities, Inc.

     107        13,363  

American Tower Corp.

     1,447        210,307  

AvalonBay Communities, Inc.

     877        144,231  

Boston Properties, Inc.

     714        87,979  

Camden Property Trust

     328        27,611  

Crown Castle International Corp.

     722        79,138  

Digital Realty Trust, Inc.

     340        35,829  

Duke Realty Corp.

     1,662        44,010  

Equinix, Inc.

     93        38,887  

Equity LifeStyle Properties, Inc.

     351        30,807  

Equity Residential

     2,120        130,634  

Essex Property Trust, Inc.

     383        92,180  

Extra Space Storage, Inc.

     713        62,288  

Federal Realty Investment Trust

     396        45,980  

Gaming and Leisure Properties, Inc.

     1,865        62,421  

GGP, Inc.

     5,386        110,198  

HCP, Inc.

     3,751        87,136  

Host Hotels & Resorts, Inc.

     5,590        104,198  

Iron Mountain, Inc.

     933        30,658  

Kimco Realty Corp.

     3,873        55,771  

Macerich Co. (The)

     459        25,713  

Mid-America Apartment Communities, Inc.

     403        36,770  

Prologis, Inc.

     4,911        309,344  

Public Storage

     1,018        203,997  

Realty Income Corp.

     1,049        54,265  

Regency Centers Corp.

     332        19,581  

SBA Communications Corp.*

     150        25,638  

Simon Property Group, Inc.

     1,979        305,459  

SL Green Realty Corp.

     212        20,528  

UDR, Inc.

     1,298        46,235  

Ventas, Inc.

     3,366        166,718  

Vornado Realty Trust

     1,869        125,784  

Welltower, Inc.

     2,474        134,660  

Weyerhaeuser Co.

     2,000        70,000  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               3,038,318  
Food & Staples Retailing – 2.3%      

Costco Wholesale Corp.

     2,566        483,511  

CVS Health Corp.

     12,742        792,680  

Kroger Co. (The)

     10,496        251,274  

Sysco Corp.

     3,434        205,903  

Walgreens Boots Alliance, Inc.

     10,409        681,477  

Walmart, Inc.

     21,730      1,933,318  
     

 

 

 
Total Food & Staples Retailing               4,348,163  
Food Products – 1.5%      

Archer-Daniels-Midland Co.

     5,500        238,535  

Campbell Soup Co.

     3,892        168,563  

Conagra Brands, Inc.

     3,421        126,166  

General Mills, Inc.

     5,385        242,648  

Hershey Co. (The)

     1,190        117,762  

Hormel Foods Corp.(a)

     4,218        144,762  

Ingredion, Inc.

     692        89,213  

J.M. Smucker Co. (The)

     986        122,274  

Kellogg Co.

     2,148        139,641  

Kraft Heinz Co. (The)

     9,256        576,556  

Lamb Weston Holdings, Inc.

     1,044        60,782  

McCormick & Co., Inc. Non-Voting Shares

     817        86,921  

Mondelez International, Inc. Class A

     8,602        358,961  

Pilgrim’s Pride Corp.*

     3,055        75,184  

Tyson Foods, Inc. Class A

     3,913        286,392  
     

 

 

 
Total Food Products               2,834,360  
Gas Utilities – 0.1%      

Atmos Energy Corp.

     757        63,770  

UGI Corp.

     1,574        69,917  
     

 

 

 
Total Gas Utilities               133,687  
Health Care Equipment & Supplies – 1.5%      

Abbott Laboratories

     6,573        393,854  

ABIOMED, Inc.*

     84        24,443  

Align Technology, Inc.*

     220        55,249  

Baxter International, Inc.

     2,962        192,648  

Becton, Dickinson and Co.

     896        194,163  

Boston Scientific Corp.*

     7,558        206,485  

Cooper Cos., Inc. (The)

     269        61,550  

Danaher Corp.

     4,669        457,142  

Edwards Lifesciences Corp.*

     1,134        158,216  

Hologic, Inc.*

     3,193        119,290  

IDEXX Laboratories, Inc.*

     330        63,159  

Intuitive Surgical, Inc.*

     456        188,250  

ResMed, Inc.

     780        76,807  

Stryker Corp.

     2,185        351,610  

Teleflex, Inc.

     202        51,506  

Varian Medical Systems, Inc.*

     448        54,947  

Zimmer Biomet Holdings, Inc.

     1,108        120,816  
     

 

 

 
Total Health Care Equipment & Supplies               2,770,135  
Health Care Providers & Services – 3.4%      

Aetna, Inc.

     1,819        307,411  

AmerisourceBergen Corp.

     2,054        177,075  

Anthem, Inc.

     2,506        550,568  

Cardinal Health, Inc.

     3,523        220,822  

Centene Corp.*

     1,531        163,618  

Cigna Corp.

     2,064        346,215  

DaVita, Inc.*

     1,811        119,417  

Express Scripts Holding Co.*

     9,717        671,251  

HCA Healthcare, Inc.

     5,390        522,830  

 

See Notes to Financial Statements.

 

26   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Earnings 500 Fund (EPS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Henry Schein, Inc.*

     1,473      $ 99,000  

Humana, Inc.

     1,325        356,200  

Laboratory Corp. of America Holdings*

     889        143,796  

McKesson Corp.

     5,893        830,147  

Quest Diagnostics, Inc.

     1,246        124,974  

UnitedHealth Group, Inc.

     7,079        1,514,906  

Universal Health Services, Inc. Class B

     1,143        135,343  

WellCare Health Plans, Inc.*

     313        60,606  
     

 

 

 
Total Health Care Providers & Services               6,344,179  
Health Care Technology – 0.1%      

Cerner Corp.*

     1,806        104,748  
Hotels, Restaurants & Leisure – 1.6%      

Aramark

     1,562        61,793  

Chipotle Mexican Grill, Inc.*

     86        27,787  

Darden Restaurants, Inc.

     1,015        86,529  

Domino’s Pizza, Inc.

     246        57,456  

Hilton Worldwide Holdings, Inc.

     83        6,537  

Las Vegas Sands Corp.

     5,452        391,999  

Marriott International, Inc. Class A

     1,978        268,968  

McDonald’s Corp.

     6,060        947,663  

MGM Resorts International

     3,204        112,204  

Starbucks Corp.

     9,156        530,041  

Vail Resorts, Inc.

     157        34,807  

Wyndham Worldwide Corp.

     972        111,226  

Wynn Resorts Ltd.

     406        74,038  

Yum! Brands, Inc.

     2,692        229,170  
     

 

 

 
Total Hotels, Restaurants & Leisure               2,940,218  
Household Durables – 0.6%      

D.R. Horton, Inc.

     3,792        166,241  

Lennar Corp. Class A

     2,420        142,635  

Mohawk Industries, Inc.*

     635        147,459  

Newell Brands, Inc.

     7,464        190,183  

NVR, Inc.*

     29        81,200  

PulteGroup, Inc.

     3,559        104,955  

Toll Brothers, Inc.

     1,711        74,001  

Whirlpool Corp.

     852        130,450  
     

 

 

 
Total Household Durables               1,037,124  
Household Products – 1.4%      

Church & Dwight Co., Inc.

     1,668        84,000  

Clorox Co. (The)

     934        124,325  

Colgate-Palmolive Co.

     5,735        411,085  

Kimberly-Clark Corp.

     3,287        361,997  

Procter & Gamble Co. (The)

     20,103        1,593,766  
     

 

 

 
Total Household Products               2,575,173  
Industrial Conglomerates – 1.7%      

3M Co.

     4,237        930,106  

General Electric Co.

     88,212        1,189,098  

Honeywell International, Inc.

     6,244        902,320  

Roper Technologies, Inc.

     505        141,749  
     

 

 

 
Total Industrial Conglomerates               3,163,273  
Insurance – 2.7%      

Aflac, Inc.

     11,584        506,916  

Alleghany Corp.

     6      3,687  

Allstate Corp. (The)

     4,845        459,306  

American Financial Group, Inc.

     1,197        134,327  

Arthur J. Gallagher & Co.

     1,346        92,511  

Cincinnati Financial Corp.

     1,260        93,568  

CNA Financial Corp.

     3,095        152,738  

FNF Group

     2,645        105,853  

Hartford Financial Services Group, Inc. (The)

     1,678        86,451  

Lincoln National Corp.

     3,373        246,431  

Loews Corp.

     3,536        175,845  

Markel Corp.*

     13        15,213  

Marsh & McLennan Cos., Inc.

     4,135        341,510  

MetLife, Inc.

     6,054        277,818  

Principal Financial Group, Inc.

     4,530        275,922  

Progressive Corp. (The)

     4,774        290,880  

Prudential Financial, Inc.

     6,794        703,519  

Reinsurance Group of America, Inc.

     888        136,752  

Torchmark Corp.

     1,167        98,226  

Travelers Cos., Inc. (The)

     3,241        450,045  

Unum Group

     3,152        150,067  

W.R. Berkley Corp.

     1,465        106,505  
     

 

 

 
Total Insurance               4,904,090  
Internet & Catalog Retail – 0.8%      

Amazon.com, Inc.*

     314        454,465  

Booking Holdings, Inc.*

     381        792,629  

Expedia Group, Inc.

     657        72,539  

Liberty Interactive Corp., QVC Group Class A*

     3,666        92,273  

Netflix, Inc.*

     442        130,545  
     

 

 

 
Total Internet & Catalog Retail               1,542,451  
Internet Software & Services – 4.3%      

Akamai Technologies, Inc.*

     884        62,746  

Alphabet, Inc. Class A*

     3,675        3,811,490  

eBay, Inc.*

     36,785        1,480,228  

Facebook, Inc. Class A*

     15,609        2,494,162  

IAC/InterActiveCorp*

     528        82,569  

VeriSign, Inc.*

     763        90,461  
     

 

 

 
Total Internet Software & Services               8,021,656  
IT Services – 3.5%      

Alliance Data Systems Corp.

     421        89,614  

Automatic Data Processing, Inc.

     2,776        315,021  

Broadridge Financial Solutions, Inc.

     754        82,706  

Cognizant Technology Solutions Corp. Class A

     4,907        395,014  

DXC Technology Co.

     597        60,016  

Fidelity National Information Services, Inc.

     1,060        102,078  

Fiserv, Inc.*

     2,594        184,978  

FleetCor Technologies, Inc.*

     527        106,718  

Global Payments, Inc.

     448        49,961  

International Business Machines Corp.

     13,318        2,043,381  

Jack Henry & Associates, Inc.

     401        48,501  

Leidos Holdings, Inc.

     953        62,326  

MasterCard, Inc. Class A

     5,689        996,485  

Paychex, Inc.

     2,156        132,788  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      27  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Earnings 500 Fund (EPS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

PayPal Holdings, Inc.*

     3,971      $ 301,280  

Total System Services, Inc.

     1,070        92,298  

Visa, Inc. Class A

     10,544        1,261,273  

Western Union Co. (The)

     7,827        150,513  

Worldpay, Inc. Class A*

     596        49,015  
     

 

 

 
Total IT Services               6,523,966  
Leisure Products – 0.1%      

Hasbro, Inc.

     1,203        101,413  

Polaris Industries, Inc.

     261        29,890  
     

 

 

 
Total Leisure Products               131,303  
Life Sciences Tools & Services – 0.5%      

Agilent Technologies, Inc.

     1,830        122,427  

Illumina, Inc.*

     642        151,782  

IQVIA Holdings, Inc.*

     171        16,777  

Mettler-Toledo International, Inc.*

     131        75,329  

PerkinElmer, Inc.

     635        48,082  

Thermo Fisher Scientific, Inc.

     2,316        478,161  

Waters Corp.*

     518        102,901  
     

 

 

 
Total Life Sciences Tools & Services               995,459  
Machinery – 1.4%      

Caterpillar, Inc.

     1,836        270,590  

Cummins, Inc.

     1,791        290,303  

Deere & Co.

     2,590        402,279  

Dover Corp.

     1,263        124,052  

Fortive Corp.

     2,344        181,707  

IDEX Corp.

     440        62,704  

Illinois Tool Works, Inc.

     2,445        383,034  

PACCAR, Inc.

     3,479        230,205  

Parker-Hannifin Corp.

     1,016        173,766  

Snap-on, Inc.

     609        89,852  

Stanley Black & Decker, Inc.

     1,328        203,450  

WABCO Holdings, Inc.*

     369        49,398  

Xylem, Inc.

     866        66,613  
     

 

 

 
Total Machinery               2,527,953  
Media – 3.4%      

CBS Corp. Class B Non-Voting Shares

     4,955        254,638  

Charter Communications, Inc. Class A*

     461        143,472  

Comcast Corp. Class A

     48,608        1,660,935  

DISH Network Corp. Class A*

     4,996        189,298  

Interpublic Group of Cos., Inc. (The)

     5,155        118,720  

Liberty Broadband Corp. Class C*

     75        6,427  

Liberty Media Corp – Liberty SiriusXM Series C*

     1,472        60,131  

Omnicom Group, Inc.

     2,919        212,124  

Sirius XM Holdings, Inc.(a)

     28,551        178,158  

Time Warner, Inc.

     8,385        793,053  

Twenty-First Century Fox, Inc. Class A

     16,608        609,348  

Viacom, Inc. Class B

     11,640        361,538  

Walt Disney Co. (The)

     16,031        1,610,154  
     

 

 

 
Total Media               6,197,996  
Metals & Mining – 0.3%      

Freeport-McMoRan, Inc.*

     12,563        220,732  

Newmont Mining Corp.

     315        12,307  

Nucor Corp.

     3,290      200,986  

Steel Dynamics, Inc.

     2,342        103,563  
     

 

 

 
Total Metals & Mining               537,588  
Multi-Utilities – 0.8%      

Ameren Corp.

     1,823        103,236  

CenterPoint Energy, Inc.

     3,724        102,038  

CMS Energy Corp.

     2,037        92,256  

Consolidated Edison, Inc.

     2,554        199,059  

Dominion Energy, Inc.

     4,653        313,752  

DTE Energy Co.

     1,541        160,880  

NiSource, Inc.

     1,919        45,883  

Public Service Enterprise Group, Inc.

     1,874        94,150  

Sempra Energy

     1,808        201,086  

WEC Energy Group, Inc.

     2,639        165,465  
     

 

 

 
Total Multi-Utilities               1,477,805  
Multiline Retail – 0.6%      

Dollar General Corp.

     2,428        227,140  

Dollar Tree, Inc.*

     1,667        158,198  

Kohl’s Corp.

     2,330        152,638  

Target Corp.

     7,877        546,900  
     

 

 

 
Total Multiline Retail               1,084,876  
Oil, Gas & Consumable Fuels – 3.0%      

Andeavor

     1,206        121,275  

Apache Corp.

     2,947        113,401  

Chevron Corp.

     9,968        1,136,751  

Cimarex Energy Co.

     598        55,913  

Concho Resources, Inc.*

     717        107,787  

ConocoPhillips

     125        7,411  

Devon Energy Corp.

     7,334        233,148  

Diamondback Energy, Inc.*

     630        79,708  

EQT Corp.

     90        4,276  

Exxon Mobil Corp.

     28,910        2,156,975  

HollyFrontier Corp.

     1,306        63,811  

Kinder Morgan, Inc.

     12,621        190,072  

Marathon Petroleum Corp.

     4,619        337,695  

Occidental Petroleum Corp.

     1,424        92,503  

ONEOK, Inc.

     1,390        79,119  

Phillips 66

     3,742        358,933  

Pioneer Natural Resources Co.

     131        22,503  

Valero Energy Corp.

     4,343        402,900  

Williams Cos., Inc. (The)

     2,904        72,193  
     

 

 

 
Total Oil, Gas & Consumable Fuels               5,636,374  
Personal Products – 0.2%      

Estee Lauder Cos., Inc. (The) Class A

     2,061        308,573  
Pharmaceuticals – 3.5%      

Bristol-Myers Squibb Co.

     11,446        723,959  

Eli Lilly & Co.

     4,742        366,889  

Johnson & Johnson

     21,322        2,732,414  

Merck & Co., Inc.

     10,833        590,073  

Pfizer, Inc.

     50,841        1,804,347  

Zoetis, Inc.

     2,354        196,583  
     

 

 

 
Total Pharmaceuticals               6,414,265  

 

See Notes to Financial Statements.

 

28   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Earnings 500 Fund (EPS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Professional Services – 0.2%      

CoStar Group, Inc.*

     80      $ 29,014  

Equifax, Inc.

     827        97,429  

ManpowerGroup, Inc.

     628        72,283  

TransUnion*

     769        43,664  

Verisk Analytics, Inc.*

     937        97,448  
     

 

 

 
Total Professional Services               339,838  
Real Estate Management & Development – 0.1%      

CBRE Group, Inc. Class A*

     3,265        154,173  
Road & Rail – 1.0%      

CSX Corp.

     5,845        325,625  

JB Hunt Transport Services, Inc.

     741        86,808  

Kansas City Southern

     922        101,282  

Norfolk Southern Corp.

     2,418        328,316  

Old Dominion Freight Line, Inc.

     488        71,721  

Union Pacific Corp.

     6,456        867,880  
     

 

 

 
Total Road & Rail               1,781,632  
Semiconductors & Semiconductor Equipment – 4.6%     

Analog Devices, Inc.

     1,582        144,168  

Applied Materials, Inc.

     12,190        677,886  

Intel Corp.

     58,619        3,052,878  

KLA-Tencor Corp.

     1,798        196,000  

Lam Research Corp.

     1,977        401,647  

Maxim Integrated Products, Inc.

     2,045        123,150  

Microchip Technology, Inc.(a)

     1,239        113,195  

Micron Technology, Inc.*

     21,528        1,122,470  

NVIDIA Corp.

     2,483        575,038  

ON Semiconductor Corp.*

     3,604        88,154  

QUALCOMM, Inc.

     13,411        743,104  

Skyworks Solutions, Inc.

     1,948        195,306  

Teradyne, Inc.

     1,868        85,386  

Texas Instruments, Inc.

     7,865        817,095  

Xilinx, Inc.

     1,718        124,108  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        8,459,585  
Software – 4.4%      

Activision Blizzard, Inc.

     3,297        222,416  

Adobe Systems, Inc.*

     1,675        361,934  

ANSYS, Inc.*

     367        57,505  

CA, Inc.

     4,000        135,600  

Cadence Design Systems, Inc.*

     1,132        41,624  

CDK Global, Inc.

     748        47,378  

Citrix Systems, Inc.*

     1,043        96,790  

Electronic Arts, Inc.*

     2,085        252,786  

Intuit, Inc.

     1,143        198,139  

Microsoft Corp.

     50,317        4,592,433  

Oracle Corp.

     35,911        1,642,928  

Red Hat, Inc.*

     498        74,456  

salesforce.com, Inc.*

     34        3,954  

SS&C Technologies Holdings, Inc.

     953        51,119  

Synopsys, Inc.*

     321        26,720  

Take-Two Interactive Software, Inc.*

     203        19,849  

VMware, Inc. Class A*

     2,054        249,089  
     

 

 

 
Total Software               8,074,720  
Specialty Retail – 2.2%      

AutoZone, Inc.*

     328      212,770  

Best Buy Co., Inc.

     3,535        247,415  

CarMax, Inc.*

     1,824        112,978  

Gap, Inc. (The)

     4,593        143,302  

Home Depot, Inc. (The)

     8,603        1,533,399  

L Brands, Inc.

     3,013        115,127  

Lowe’s Cos., Inc.

     7,525        660,319  

O’Reilly Automotive, Inc.*

     768        189,988  

Ross Stores, Inc.

     2,872        223,958  

Tiffany & Co.

     924        90,238  

TJX Cos., Inc. (The)

     5,949        485,200  

Tractor Supply Co.

     1,147        72,284  

Ulta Salon Cosmetics & Fragrance, Inc.*

     374        76,397  
     

 

 

 
Total Specialty Retail               4,163,375  
Technology Hardware, Storage & Peripherals – 5.3%     

Apple, Inc.

     52,396        8,791,001  

Hewlett Packard Enterprise Co.

     5,206        91,313  

HP, Inc.

     22,069        483,752  

NetApp, Inc.

     1,995        123,072  

Western Digital Corp.

     3,216        296,740  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        9,785,878  
Textiles, Apparel & Luxury Goods – 0.7%      

NIKE, Inc. Class B

     11,813        784,856  

PVH Corp.

     735        111,301  

Tapestry, Inc.

     2,120        111,533  

VF Corp.

     2,893        214,429  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               1,222,119  
Tobacco – 2.0%      

Altria Group, Inc.

     39,805        2,480,647  

Philip Morris International, Inc.

     12,142        1,206,915  
     

 

 

 
Total Tobacco               3,687,562  
Trading Companies & Distributors – 0.2%      

Fastenal Co.

     1,809        98,753  

United Rentals, Inc.*

     693        119,702  

W.W. Grainger, Inc.

     448        126,457  
     

 

 

 
Total Trading Companies & Distributors               344,912  
Water Utilities – 0.0%      

American Water Works Co., Inc.

     1,092        89,686  
Wireless Telecommunication Services – 0.2%      

T-Mobile U.S., Inc.*

     6,310        385,162  
TOTAL COMMON STOCKS
(Cost: $151,868,969)
              184,363,490  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      
WisdomTree U.S. High Dividend Fund(b)
(Cost: $205,098)
     3,003        204,565  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      29  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Earnings 500 Fund (EPS)

March 31, 2018

 

  

 

 

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

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

(Cost: $164,281)(d)

     164,281      $ 164,281  
TOTAL INVESTMENTS IN SECURITIES – 100.0%
(Cost: $152,238,348)
        184,732,336  

Other Assets less Liabilities – 0.0%

        80,412  
     

 

 

 
NET ASSETS – 100.0%             $ 184,812,748  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $421,554 and the total market value of the collateral held by the Fund was $431,411. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $267,130.

 

See Notes to Financial Statements.

 

30   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
United States – 99.4%      
Aerospace & Defense – 1.0%      

Lockheed Martin Corp.

     30,484      $ 10,301,458  
Air Freight & Logistics – 0.8%      

United Parcel Service, Inc. Class B

     79,154        8,284,258  
Automobiles – 1.7%      

Ford Motor Co.

     770,143        8,533,185  

General Motors Co.

     215,930        7,846,896  

Harley-Davidson, Inc.(a)

     18,782        805,372  
     

 

 

 
Total Automobiles               17,185,453  
Banks – 4.1%      

American National Bankshares, Inc.

     1,289        48,466  

Ames National Corp.

     1,373        37,757  

Arrow Financial Corp.

     1,363        46,274  

Bar Harbor Bankshares

     1,970        54,608  

BB&T Corp.

     86,739        4,513,898  

BCB Bancorp, Inc.

     2,480        38,812  

Blue Hills Bancorp, Inc.

     2,789        58,151  

Boston Private Financial Holdings, Inc.

     8,333        125,412  

Bridge Bancorp, Inc.

     2,248        75,420  

Citizens & Northern Corp.

     2,375        54,839  

City Holding Co.

     2,192        150,284  

Community Trust Bancorp, Inc.

     2,459        111,147  

Financial Institutions, Inc.

     2,064        61,094  

First Bancorp, Inc.

     1,777        49,720  

First Hawaiian, Inc.

     15,332        426,690  

Flushing Financial Corp.

     3,387        91,314  

FNB Corp.

     42,705        574,382  

Hanmi Financial Corp.

     3,132        96,309  

Heritage Commerce Corp.

     1,130        18,622  

Hope Bancorp, Inc.

     13,670        248,657  

Huntington Bancshares, Inc.

     133,127        2,010,218  

National Bankshares, Inc.

     917        41,311  

Old National Bancorp

     17,009        287,452  

PacWest Bancorp

     21,733        1,076,435  

Park National Corp.

     1,881        195,173  

Penns Woods Bancorp, Inc.

     655        27,713  

People’s United Financial, Inc.

     50,852        948,898  

Peoples Financial Services Corp.

     940        42,911  

Premier Financial Bancorp, Inc.

     1,669        31,060  

Sandy Spring Bancorp, Inc.

     3,645        141,280  

Southside Bancshares, Inc.

     3,803        132,116  

Trustmark Corp.

     6,699        208,741  

Umpqua Holdings Corp.

     28,339        606,738  

United Bankshares, Inc.

     15,608        550,182  

Univest Corp. of Pennsylvania

     3,991        110,551  

Valley National Bancorp

     40,402        503,409  

Washington Trust Bancorp, Inc.

     1,710        91,912  

Wells Fargo & Co.

     537,338        28,161,885  

WesBanco, Inc.

     4,024        170,215  

West Bancorporation, Inc.

     2,573        65,869  
     

 

 

 
Total Banks               42,285,925  
Beverages – 4.1%      

Coca-Cola Co. (The)

     577,366      25,075,005  

PepsiCo, Inc.

     163,279        17,821,903  
     

 

 

 
Total Beverages               42,896,908  
Biotechnology – 2.9%      

AbbVie, Inc.

     196,939        18,640,276  

Gilead Sciences, Inc.

     151,873        11,449,706  
     

 

 

 
Total Biotechnology               30,089,982  
Capital Markets – 0.3%      

Arlington Asset Investment Corp. Class A(a)

     12,835        141,698  

Artisan Partners Asset Management, Inc. Class A

     12,107        403,163  

BGC Partners, Inc. Class A

     52,847        710,792  

Federated Investors, Inc. Class B

     14,689        490,612  

Gain Capital Holdings, Inc.(a)

     5,664        38,232  

Legg Mason, Inc.

     9,158        372,273  

Moelis & Co. Class A

     3,249        165,212  

Virtu Financial, Inc. Class A(a)

     19,515        643,995  

Waddell & Reed Financial, Inc. Class A(a)

     21,280        430,069  

Westwood Holdings Group, Inc.

     1,455        82,193  
     

 

 

 
Total Capital Markets               3,478,239  
Chemicals – 0.1%      

CF Industries Holdings, Inc.

     32,404        1,222,603  

Innophos Holdings, Inc.

     2,606        104,787  
     

 

 

 
Total Chemicals               1,327,390  
Commercial Services & Supplies – 0.3%      

Covanta Holding Corp.

     36,447        528,481  

Ennis, Inc.

     3,691        72,713  

Essendant, Inc.

     9,281        72,392  

HNI Corp.

     5,269        190,158  

KAR Auction Services, Inc.

     15,896        861,563  

Knoll, Inc.

     5,145        103,878  

LSC Communications, Inc.

     7,800        136,110  

Pitney Bowes, Inc.

     51,128        556,784  

Quad/Graphics, Inc.

     7,119        180,467  

RR Donnelley & Sons Co.

     16,998        148,392  

Steelcase, Inc. Class A

     9,405        127,908  
     

 

 

 
Total Commercial Services & Supplies               2,978,846  
Communications Equipment – 2.6%      

Cisco Systems, Inc.

     634,523        27,214,691  
Consumer Finance – 0.1%      

Navient Corp.

     53,163        697,499  
Containers & Packaging – 0.6%      

Greif, Inc. Class B

     2,989        174,109  

International Paper Co.

     56,813        3,035,519  

Myers Industries, Inc.

     4,358        92,172  

Sonoco Products Co.

     11,582        561,727  

WestRock Co.

     29,650        1,902,640  
     

 

 

 
Total Containers & Packaging               5,766,167  
Distributors – 0.2%      

Genuine Parts Co.

     17,355        1,559,173  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      31  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Weyco Group, Inc.

     1,309      $ 43,983  
     

 

 

 
Total Distributors               1,603,156  
Diversified Consumer Services – 0.1%      

Collectors Universe, Inc.

     2,030        31,891  

H&R Block, Inc.

     32,958        837,463  
     

 

 

 
Total Diversified Consumer Services               869,354  
Diversified Telecommunication Services – 9.2%     

AT&T, Inc.

     1,361,279        48,529,596  

CenturyLink, Inc.

     529,283        8,696,120  

Cogent Communications Holdings, Inc.

     7,910        343,294  

Consolidated Communications Holdings, Inc.

     33,218        364,069  

IDT Corp. Class B*

     5,844        36,642  

Verizon Communications, Inc.

     783,050        37,445,451  
     

 

 

 
Total Diversified Telecommunication Services        95,415,172  
Electric Utilities – 5.9%      

ALLETE, Inc.

     6,134        443,182  

Alliant Energy Corp.

     27,990        1,143,671  

American Electric Power Co., Inc.

     67,442        4,625,847  

Avangrid, Inc.

     45,095        2,305,256  

Duke Energy Corp.

     118,683        9,194,372  

Edison International

     39,966        2,544,236  

Entergy Corp.

     33,060        2,604,467  

Eversource Energy

     41,198        2,427,386  

Exelon Corp.

     131,962        5,147,838  

FirstEnergy Corp.

     80,392        2,734,132  

Great Plains Energy, Inc.

     33,554        1,066,682  

Hawaiian Electric Industries, Inc.

     15,961        548,739  

NextEra Energy, Inc.

     48,976        7,999,250  

OGE Energy Corp.

     31,360        1,027,667  

Otter Tail Corp.

     4,684        203,051  

Pinnacle West Capital Corp.

     15,123        1,206,815  

Portland General Electric Co.

     10,217        413,891  

PPL Corp.

     128,920        3,647,147  

Southern Co. (The)

     188,407        8,414,257  

Westar Energy, Inc.

     16,297        857,059  

Xcel Energy, Inc.

     61,851        2,812,983  
     

 

 

 
Total Electric Utilities               61,367,928  
Electrical Equipment – 0.5%      

Emerson Electric Co.

     79,535        5,432,241  

General Cable Corp.

     7,074        209,390  

Powell Industries, Inc.

     1,794        48,151  
     

 

 

 
Total Electrical Equipment               5,689,782  
Electronic Equipment, Instruments & Components – 0.0%     

AVX Corp.

     18,028        298,363  

Daktronics, Inc.

     8,197        72,216  
     

 

 

 
Total Electronic Equipment, Instruments & Components        370,579  
Energy Equipment & Services – 0.1%      

Archrock, Inc.

     9,786        85,628  

Helmerich & Payne, Inc.

     21,788        1,450,209  
     

 

 

 
Total Energy Equipment & Services               1,535,837  
Equity Real Estate Investment Trusts (REITs) – 13.3%  

Acadia Realty Trust

     13,138      323,195  

Agree Realty Corp.

     4,263        204,795  

Alexander’s, Inc.

     893        340,438  

Alexandria Real Estate Equities, Inc.

     10,291        1,285,243  

American Assets Trust, Inc.

     4,697        156,927  

American Campus Communities, Inc.

     22,276        860,299  

Apartment Investment & Management Co. Class A

     20,952        853,794  

Apple Hospitality REIT, Inc.

     55,567        976,312  

Armada Hoffler Properties, Inc.

     7,192        98,458  

Ashford Hospitality Prime, Inc.

     7,993        77,692  

Ashford Hospitality Trust, Inc.

     28,553        184,452  

AvalonBay Communities, Inc.

     17,720        2,914,231  

Bluerock Residential Growth REIT, Inc.

     7,727        65,679  

Brandywine Realty Trust

     27,217        432,206  

Brixmor Property Group, Inc.

     74,339        1,133,670  

Camden Property Trust

     13,039        1,097,623  

CareTrust REIT, Inc.

     10,737        143,876  

CatchMark Timber Trust, Inc. Class A

     6,514        81,230  

CBL & Associates Properties, Inc.(a)

     81,120        338,270  

Cedar Realty Trust, Inc.

     12,169        47,946  

Chatham Lodging Trust

     10,672        204,369  

Chesapeake Lodging Trust

     14,037        390,369  

CIM Commercial Trust Corp.

     3,154        39,898  

Colony NorthStar, Inc. Class A

     195,610        1,099,328  

Columbia Property Trust, Inc.

     26,397        540,083  

Community Healthcare Trust, Inc.

     3,179        81,827  

CoreCivic, Inc.

     39,178        764,755  

CorEnergy Infrastructure Trust, Inc.

     4,091        153,576  

CoreSite Realty Corp.

     4,317        432,822  

Corporate Office Properties Trust

     15,991        413,048  

Cousins Properties, Inc.

     57,404        498,267  

Crown Castle International Corp.

     64,241        7,041,456  

CubeSmart

     27,540        776,628  

CyrusOne, Inc.

     11,149        570,940  

DDR Corp.

     149,963        1,099,229  

DiamondRock Hospitality Co.

     36,739        383,555  

Digital Realty Trust, Inc.

     28,778        3,032,626  

Duke Realty Corp.

     41,797        1,106,785  

Easterly Government Properties, Inc.

     6,485        132,294  

EastGroup Properties, Inc.

     4,297        355,190  

Education Realty Trust, Inc.

     13,197        432,202  

EPR Properties

     17,801        986,175  

Equity Residential

     45,765        2,820,039  

Essex Property Trust, Inc.

     7,784        1,873,453  

Extra Space Storage, Inc.

     20,456        1,787,036  

Farmland Partners, Inc.(a)

     6,606        55,160  

Federal Realty Investment Trust

     9,004        1,045,454  

First Industrial Realty Trust, Inc.

     12,503        365,463  

Four Corners Property Trust, Inc.

     10,881        251,242  

Franklin Street Properties Corp.

     30,543        256,867  

Gaming and Leisure Properties, Inc.

     62,667        2,097,464  

GEO Group, Inc. (The)

     38,430        786,662  

 

See Notes to Financial Statements.

 

32   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Getty Realty Corp.

     7,290      $ 183,854  

GGP, Inc.

     147,666        3,021,246  

Gladstone Commercial Corp.

     8,983        155,765  

Global Medical REIT, Inc.(a)

     7,042        48,942  

Global Net Lease, Inc.

     26,931        454,595  

Government Properties Income Trust

     36,524        498,918  

Gramercy Property Trust

     35,138        763,549  

HCP, Inc.

     105,202        2,443,842  

Healthcare Realty Trust, Inc.

     18,749        519,535  

Healthcare Trust of America, Inc. Class A

     32,279        853,780  

Hersha Hospitality Trust(a)

     9,015        161,368  

Highwoods Properties, Inc.

     14,397        630,877  

Hospitality Properties Trust

     46,392        1,175,573  

Host Hotels & Resorts, Inc.

     124,038        2,312,068  

Hudson Pacific Properties, Inc.

     17,013        553,433  

Independence Realty Trust, Inc.

     20,720        190,210  

InfraREIT, Inc.

     8,946        173,821  

Investors Real Estate Trust

     35,605        184,790  

Iron Mountain, Inc.

     65,371        2,148,091  

JBG SMITH Properties

     11,297        380,822  

Jernigan Capital, Inc.(a)

     3,516        63,640  

Kimco Realty Corp.

     104,828        1,509,523  

Kite Realty Group Trust

     22,258        338,989  

Lamar Advertising Co. Class A

     14,844        944,969  

LaSalle Hotel Properties

     29,438        853,996  

Lexington Realty Trust

     67,543        531,563  

Liberty Property Trust

     24,218        962,181  

Life Storage, Inc.

     8,030        670,666  

LTC Properties, Inc.

     7,069        268,622  

Macerich Co. (The)

     25,651        1,436,969  

Mack-Cali Realty Corp.

     11,845        197,930  

MedEquities Realty Trust, Inc.

     8,692        91,353  

Medical Properties Trust, Inc.

     104,720        1,361,360  

Mid-America Apartment Communities, Inc.

     15,316        1,397,432  

Monmouth Real Estate Investment Corp.

     12,195        183,413  

National Health Investors, Inc.

     8,224        553,393  

National Retail Properties, Inc.

     27,860        1,093,784  

National Storage Affiliates Trust

     6,212        155,797  

New Senior Investment Group, Inc.

     41,566        340,010  

NexPoint Residential Trust, Inc.

     5,366        133,291  

NorthStar Realty Europe Corp.

     11,377        148,129  

Omega Healthcare Investors, Inc.(a)

     75,242        2,034,544  

One Liberty Properties, Inc.

     4,891        108,091  

Outfront Media, Inc.

     34,384        644,356  

Park Hotels & Resorts, Inc.

     51,892        1,402,122  

Pebblebrook Hotel Trust

     13,140        451,359  

Pennsylvania Real Estate Investment Trust(a)

     20,898        201,666  

Physicians Realty Trust

     35,950        559,741  

Piedmont Office Realty Trust, Inc. Class A

     22,686        399,047  

PotlatchDeltic Corp.

     5,498        286,171  

Preferred Apartment Communities, Inc. Class A

     5,523        78,371  

Prologis, Inc.

     60,433        3,806,675  

Public Storage

     27,405        5,491,688  

QTS Realty Trust, Inc. Class A

     4,979        180,339  

Ramco-Gershenson Properties Trust

     16,156      199,688  

Rayonier, Inc.

     16,817        591,622  

Realty Income Corp.

     53,602        2,772,831  

Regency Centers Corp.

     21,708        1,280,338  

Retail Opportunity Investments Corp.

     15,980        282,367  

Retail Properties of America, Inc. Class A

     47,040        548,486  

RLJ Lodging Trust

     42,725        830,574  

Ryman Hospitality Properties, Inc.

     9,342        723,538  

Sabra Health Care REIT, Inc.

     66,841        1,179,744  

Safety Income & Growth, Inc.(a)

     2,612        41,766  

Saul Centers, Inc.

     2,698        137,517  

Select Income REIT

     29,565        575,926  

Senior Housing Properties Trust

     78,238        1,225,207  

Simon Property Group, Inc.

     58,818        9,078,558  

SL Green Realty Corp.

     11,742        1,136,978  

Spirit Realty Capital, Inc.

     155,159        1,204,034  

STAG Industrial, Inc.

     19,382        463,617  

STORE Capital Corp.

     36,386        903,101  

Summit Hotel Properties, Inc.

     18,672        254,126  

Sun Communities, Inc.

     9,851        900,086  

Tanger Factory Outlet Centers, Inc.

     20,225        444,950  

Taubman Centers, Inc.

     10,110        575,360  

Tier REIT, Inc.

     8,633        159,538  

UDR, Inc.

     36,011        1,282,712  

UMH Properties, Inc.

     8,030        107,682  

Uniti Group, Inc.(a)

     83,138        1,350,992  

Universal Health Realty Income Trust

     2,158        129,696  

Urban Edge Properties

     15,920        339,892  

Urstadt Biddle Properties, Inc. Class A

     6,116        118,039  

Ventas, Inc.

     72,481        3,589,984  

VEREIT, Inc.

     275,036        1,914,251  

Vornado Realty Trust

     23,785        1,600,730  

W.P. Carey, Inc.

     27,726        1,718,735  

Washington Prime Group, Inc.

     90,133        601,187  

Washington Real Estate Investment Trust

     11,664        318,427  

Weingarten Realty Investors

     24,397        685,068  

Welltower, Inc.

     80,623        4,388,310  

Weyerhaeuser Co.

     112,514        3,937,990  

Whitestone REIT(a)

     10,381        107,859  

Xenia Hotels & Resorts, Inc.

     23,172        456,952  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)        137,385,315  
Food & Staples Retailing – 0.0%      

Village Super Market, Inc. Class A

     2,323        61,257  

Weis Markets, Inc.

     2,748        112,613  
     

 

 

 
Total Food & Staples Retailing               173,870  
Food Products – 2.3%      

Archer-Daniels-Midland Co.

     71,674        3,108,501  

B&G Foods, Inc.(a)

     14,647        347,134  

Campbell Soup Co.

     34,430        1,491,163  

Dean Foods Co.

     10,340        89,131  

Flowers Foods, Inc.

     28,661        626,530  

General Mills, Inc.

     82,762        3,729,256  

J.M. Smucker Co. (The)

     12,294        1,524,579  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      33  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Kellogg Co.

     46,611      $ 3,030,181  

Kraft Heinz Co. (The)

     161,029        10,030,496  
     

 

 

 
Total Food Products               23,976,971  
Gas Utilities – 0.2%      

National Fuel Gas Co.

     9,279        477,405  

New Jersey Resources Corp.

     9,523        381,872  

Northwest Natural Gas Co.

     4,132        238,210  

South Jersey Industries, Inc.

     9,897        278,700  

Spire, Inc.

     5,895        426,208  

WGL Holdings, Inc.

     4,976        416,242  
     

 

 

 
Total Gas Utilities               2,218,637  
Health Care Equipment & Supplies – 0.0%      

Meridian Bioscience, Inc.

     6,595        93,649  
Health Care Providers & Services – 0.3%      

Cardinal Health, Inc.

     41,111        2,576,837  

National HealthCare Corp.

     1,649        98,330  

Owens & Minor, Inc.

     13,003        202,197  

Patterson Cos., Inc.

     10,069        223,834  
     

 

 

 
Total Health Care Providers & Services               3,101,198  
Hotels, Restaurants & Leisure – 1.3%      

Brinker International, Inc.(a)

     6,700        241,870  

Cracker Barrel Old Country Store, Inc.(a)

     2,879        458,337  

Darden Restaurants, Inc.

     14,739        1,256,500  

Dine Brands Global, Inc.

     5,355        351,181  

Las Vegas Sands Corp.

     137,724        9,902,356  

Six Flags Entertainment Corp.

     15,828        985,451  

Speedway Motorsports, Inc.

     4,765        84,912  
     

 

 

 
Total Hotels, Restaurants & Leisure               13,280,607  
Household Durables – 0.3%      

CSS Industries, Inc.

     986        17,255  

Leggett & Platt, Inc.

     16,627        737,574  

MDC Holdings, Inc.

     8,596        240,000  

Newell Brands, Inc.

     58,477        1,489,994  

Tupperware Brands Corp.

     9,768        472,576  
     

 

 

 
Total Household Durables               2,957,399  
Household Products – 3.0%      

Kimberly-Clark Corp.

     46,712        5,144,392  

Procter & Gamble Co. (The)

     321,899        25,520,153  
     

 

 

 
Total Household Products               30,664,545  
Independent Power & Renewable Electricity Producers – 0.2%  

AES Corp.

     117,989        1,341,535  

NRG Yield, Inc. Class A

     9,590        157,660  

Pattern Energy Group, Inc. Class A

     31,302        541,211  
     

 

 

 
Total Independent Power & Renewable Electricity Producers        2,040,406  
Industrial Conglomerates – 1.3%      

General Electric Co.

     980,319        13,214,700  
Insurance – 1.9%      

American National Insurance Co.

     2,584        302,225  

AmTrust Financial Services, Inc.(a)

     55,426        682,294  

Baldwin & Lyons, Inc. Class B

     2,439        53,658  

Cincinnati Financial Corp.

     17,502      1,299,699  

Crawford & Co. Class A

     5,067        40,637  

Donegal Group, Inc. Class A

     3,063        48,395  

EMC Insurance Group, Inc.

     3,162        85,627  

Erie Indemnity Co. Class A

     4,950        582,318  

First American Financial Corp.

     15,985        938,000  

FNF Group

     30,964        1,239,179  

HCI Group, Inc.

     1,438        54,874  

Mercury General Corp.

     10,424        478,149  

MetLife, Inc.

     129,920        5,962,029  

Old Republic International Corp.

     41,289        885,649  

Principal Financial Group, Inc.

     32,312        1,968,124  

Prudential Financial, Inc.

     44,836        4,642,768  

Safety Insurance Group, Inc.

     2,273        174,680  

Stewart Information Services Corp.

     2,500        109,850  
     

 

 

 
Total Insurance               19,548,155  
Internet Software & Services – 0.0%      

Reis, Inc.

     1,338        28,700  
IT Services – 2.6%      

International Business Machines Corp.

     148,860        22,839,590  

Paychex, Inc.

     43,450        2,676,086  

Sabre Corp.

     30,154        646,803  

Western Union Co. (The)

     66,602        1,280,756  
     

 

 

 
Total IT Services               27,443,235  
Machinery – 0.3%      

American Railcar Industries, Inc.(a)

     2,524        94,423  

Cummins, Inc.

     18,176        2,946,148  

Miller Industries, Inc.

     1,490        37,250  
     

 

 

 
Total Machinery               3,077,821  
Marine – 0.0%      

Matson, Inc.

     4,231        121,176  
Media – 0.7%      

AMC Entertainment Holdings, Inc. Class A

     10,331        145,151  

Cinemark Holdings, Inc.

     15,039        566,519  

Entercom Communications Corp. Class A(a)

     16,211        156,436  

Entravision Communications Corp. Class A

     7,176        33,727  

Gannett Co., Inc.

     29,591        295,318  

Interpublic Group of Cos., Inc. (The)

     54,542        1,256,102  

Meredith Corp.

     5,152        277,178  

National CineMedia, Inc.

     33,576        174,259  

New Media Investment Group, Inc.

     18,480        316,747  

Omnicom Group, Inc.

     30,414        2,210,185  

Saga Communications, Inc. Class A

     739        27,528  

Tribune Media Co. Class A

     9,588        388,410  

Viacom, Inc. Class B

     38,009        1,180,560  
     

 

 

 
Total Media               7,028,120  
Metals & Mining – 0.2%      

Compass Minerals International, Inc.(a)

     5,634        339,730  

Haynes International, Inc.

     1,509        55,999  

Nucor Corp.

     33,171        2,026,417  

Schnitzer Steel Industries, Inc. Class A

     2,795        90,418  
     

 

 

 
Total Metals & Mining               2,512,564  

 

See Notes to Financial Statements.

 

34   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Multi-Utilities – 3.1%      

Ameren Corp.

     31,056      $ 1,758,701  

Avista Corp.

     8,028        411,435  

Black Hills Corp.

     6,843        371,575  

CenterPoint Energy, Inc.

     70,939        1,943,729  

CMS Energy Corp.

     33,038        1,496,291  

Consolidated Edison, Inc.

     41,402        3,226,872  

Dominion Energy, Inc.

     98,033        6,610,365  

DTE Energy Co.

     23,761        2,480,648  

MDU Resources Group, Inc.

     22,341        629,122  

NiSource, Inc.

     38,726        925,939  

NorthWestern Corp.

     6,957        374,287  

Public Service Enterprise Group, Inc.

     72,066        3,620,596  

SCANA Corp.

     30,387        1,141,032  

Sempra Energy

     29,256        3,253,852  

Unitil Corp.

     2,649        122,940  

Vectren Corp.

     10,453        668,156  

WEC Energy Group, Inc.

     41,020        2,571,954  
     

 

 

 
Total Multi-Utilities               31,607,494  
Multiline Retail – 1.1%      

Kohl’s Corp.

     29,872        1,956,915  

Macy’s, Inc.

     71,640        2,130,574  

Nordstrom, Inc.

     21,072        1,020,095  

Target Corp.

     91,119        6,326,392  
     

 

 

 
Total Multiline Retail               11,433,976  
Oil, Gas & Consumable Fuels – 12.1%      

Chevron Corp.

     283,866        32,372,079  

CVR Energy, Inc.(a)

     24,687        746,041  

Evolution Petroleum Corp.

     8,159        65,680  

Exxon Mobil Corp.

     656,052        48,948,040  

Green Plains, Inc.

     4,201        70,577  

HollyFrontier Corp.

     24,304        1,187,493  

Kinder Morgan, Inc.

     260,399        3,921,609  

Marathon Petroleum Corp.

     52,127        3,811,005  

Murphy Oil Corp.

     24,551        634,398  

Occidental Petroleum Corp.

     141,979        9,222,956  

ONEOK, Inc.

     89,426        5,090,128  

PBF Energy, Inc. Class A

     16,511        559,723  

Phillips 66

     59,156        5,674,243  

SemGroup Corp. Class A

     21,180        453,252  

Targa Resources Corp.

     71,922        3,164,568  

Valero Energy Corp.

     59,488        5,518,702  

Williams Cos., Inc. (The)

     144,153        3,583,643  
     

 

 

 
Total Oil, Gas & Consumable Fuels               125,024,137  
Paper & Forest Products – 0.1%      

Domtar Corp.

     10,046        427,357  

Schweitzer-Mauduit International, Inc.

     4,856        190,112  
     

 

 

 
Total Paper & Forest Products               617,469  
Personal Products – 0.2%      

Coty, Inc. Class A

     87,610        1,603,263  

Natural Health Trends Corp.(a)

     1,364        25,930  
     

 

 

 
Total Personal Products               1,629,193  
Pharmaceuticals – 9.2%      

Eli Lilly & Co.

     111,238      8,606,484  

Johnson & Johnson

     266,611        34,166,200  

Merck & Co., Inc.

     390,521        21,271,679  

Pfizer, Inc.

     887,070        31,482,114  
     

 

 

 
Total Pharmaceuticals               95,526,477  
Professional Services – 0.0%      

Resources Connection, Inc.

     3,319        53,768  
Real Estate Management & Development – 0.0%  

Kennedy-Wilson Holdings, Inc.

     23,032        400,757  

Rafael Holdings, Inc. Class B*

     2,951        14,310  
     

 

 

 
Total Real Estate Management & Development               415,067  
Semiconductors & Semiconductor Equipment – 3.9%  

Cypress Semiconductor Corp.

     47,907        812,503  

Intel Corp.

     490,055        25,522,064  

Maxim Integrated Products, Inc.

     34,786        2,094,813  

NVE Corp.

     881        73,220  

QUALCOMM, Inc.

     217,066        12,027,627  

Xperi Corp.

     6,866        145,216  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        40,675,443  
Software – 0.2%      

American Software, Inc. Class A

     4,007        52,091  

CA, Inc.

     52,908        1,793,581  

TiVo Corp.

     19,543        264,808  
     

 

 

 
Total Software               2,110,480  
Specialty Retail – 0.8%      

Abercrombie & Fitch Co. Class A

     10,491        253,987  

American Eagle Outfitters, Inc.

     19,548        389,592  

Barnes & Noble, Inc.

     25,506        126,255  

Bed Bath & Beyond, Inc.

     13,234        277,782  

Buckle, Inc. (The)(a)

     8,509        188,474  

Cato Corp. (The) Class A

     7,522        110,874  

Chico’s FAS, Inc.

     16,515        149,296  

DSW, Inc. Class A

     10,758        241,625  

Finish Line, Inc. (The) Class A

     5,653        76,542  

Foot Locker, Inc.

     12,915        588,149  

GameStop Corp. Class A(a)

     31,827        401,657  

Gap, Inc. (The)

     48,428        1,510,954  

Guess?, Inc.

     22,096        458,271  

L Brands, Inc.

     49,335        1,885,090  

Office Depot, Inc.

     56,150        120,722  

Penske Automotive Group, Inc.

     8,588        380,706  

Pier 1 Imports, Inc.

     15,269        49,166  

Tailored Brands, Inc.

     5,142        128,858  

Williams-Sonoma, Inc.(a)

     9,220        486,447  
     

 

 

 
Total Specialty Retail               7,824,447  
Technology Hardware, Storage & Peripherals – 0.8%  

HP, Inc.

     189,473        4,153,248  

Western Digital Corp.

     31,441        2,901,061  

Xerox Corp.

     35,171        1,012,222  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        8,066,531  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      35  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Textiles, Apparel & Luxury Goods – 0.6%      

Hanesbrands, Inc.(a)

     40,976      $ 754,778  

Tapestry, Inc.

     38,025        2,000,495  

VF Corp.

     42,935        3,182,342  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               5,937,615  
Thrifts & Mortgage Finance – 0.3%      

Dime Community Bancshares, Inc.

     4,690        86,296  

New York Community Bancorp, Inc.

     99,331        1,294,283  

Northwest Bancshares, Inc.

     15,770        261,151  

Oritani Financial Corp.

     7,612        116,844  

Provident Financial Services, Inc.

     6,518        166,796  

TFS Financial Corp.

     48,262        708,969  

TrustCo Bank Corp.

     11,226        94,860  

United Financial Bancorp, Inc.

     7,118        115,311  
     

 

 

 
Total Thrifts & Mortgage Finance               2,844,510  
Tobacco – 4.3%      

Altria Group, Inc.

     292,129        18,205,479  

Philip Morris International, Inc.

     259,331        25,777,501  

Universal Corp.

     3,510        170,235  

Vector Group Ltd.(a)

     36,776        749,863  
     

 

 

 
Total Tobacco               44,903,078  
Trading Companies & Distributors – 0.1%      

GATX Corp.

     4,090        280,124  

H&E Equipment Services, Inc.

     6,446        248,106  

Watsco, Inc.

     3,638        658,369  
     

 

 

 
Total Trading Companies & Distributors               1,186,599  
Transportation Infrastructure – 0.1%      

Macquarie Infrastructure Corp.

     30,553        1,128,322  
Wireless Telecommunication Services – 0.0%      

Spok Holdings, Inc.

     2,662        39,797  
TOTAL COMMON STOCKS
(Cost: $1,029,438,067)
              1,029,250,095  
EXCHANGE-TRADED FUND – 0.3%      
United States – 0.3%      
WisdomTree U.S. Total Dividend Fund(b)
(Cost: $2,979,284)
     34,310        3,058,050  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%  
United States – 0.6%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

(Cost: $5,724,612)(d)

     5,724,612        5,724,612  
TOTAL INVESTMENTS IN SECURITIES – 100.3%
(Cost: $1,038,141,963)
       1,038,032,757  

Other Assets less Liabilities – (0.3)%

        (2,737,576
     

 

 

 
NET ASSETS – 100.0%             $ 1,035,295,181  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $9,183,070 and the total market value of the collateral held by the Fund was $9,424,018. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $3,699,406.

 

See Notes to Financial Statements.

 

36   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
United States – 99.8%      
Aerospace & Defense – 3.2%      

Boeing Co. (The)

     58,611      $ 19,217,375  

General Dynamics Corp.

     24,495        5,410,946  

Harris Corp.

     9,937        1,602,639  

L3 Technologies, Inc.

     6,092        1,267,136  

Lockheed Martin Corp.

     36,096        12,197,921  

Northrop Grumman Corp.

     11,508        4,017,673  

Raytheon Co.

     24,716        5,334,207  

Rockwell Collins, Inc.

     8,023        1,081,902  

Textron, Inc.

     1,787        105,379  

United Technologies Corp.

     89,887        11,309,582  
     

 

 

 
Total Aerospace & Defense               61,544,760  
Air Freight & Logistics – 0.6%      

FedEx Corp.

     10,841        2,603,033  

United Parcel Service, Inc. Class B

     94,664        9,907,534  
     

 

 

 
Total Air Freight & Logistics               12,510,567  
Airlines – 0.3%      

American Airlines Group, Inc.

     18,543        963,494  

Delta Air Lines, Inc.

     78,213        4,286,855  

Southwest Airlines Co.

     22,887        1,310,967  
     

 

 

 
Total Airlines               6,561,316  
Automobiles – 1.0%      

Ford Motor Co.

     905,745        10,035,655  

General Motors Co.

     255,531        9,285,996  
     

 

 

 
Total Automobiles               19,321,651  
Banks – 8.0%      

Bank of America Corp.

     851,345        25,531,837  

BB&T Corp.

     101,643        5,289,502  

Citigroup, Inc.

     221,469        14,949,158  

Citizens Financial Group, Inc.

     40,332        1,693,137  

Comerica, Inc.

     12,385        1,188,093  

Fifth Third Bancorp

     72,140        2,290,445  

First Republic Bank

     5,802        537,323  

Huntington Bancshares, Inc.

     152,200        2,298,220  

JPMorgan Chase & Co.

     362,152        39,825,855  

KeyCorp

     108,359        2,118,418  

M&T Bank Corp.

     12,787        2,357,411  

PNC Financial Services Group, Inc. (The)

     49,315        7,458,401  

Regions Financial Corp.

     117,122        2,176,127  

SunTrust Banks, Inc.

     55,970        3,808,199  

U.S. Bancorp

     175,684        8,872,042  

Wells Fargo & Co.

     639,515        33,516,981  
     

 

 

 
Total Banks               153,911,149  
Beverages – 3.0%      

Brown-Forman Corp. Class B

     16,307        887,101  

Coca-Cola Co. (The)

     687,326        29,850,568  

Constellation Brands, Inc. Class A

     8,248        1,879,884  

Dr. Pepper Snapple Group, Inc.

     21,523        2,547,893  

Molson Coors Brewing Co. Class B

     18,854        1,420,272  

PepsiCo, Inc.

     193,207        21,088,544  
     

 

 

 
Total Beverages               57,674,262  
Biotechnology – 2.7%      

AbbVie, Inc.

     233,711      22,120,746  

Amgen, Inc.

     94,195        16,058,363  

Gilead Sciences, Inc.

     181,430        13,678,008  
     

 

 

 
Total Biotechnology               51,857,117  
Building Products – 0.0%      
Masco Corp.      12,928        522,808  
Capital Markets – 2.9%      

Ameriprise Financial, Inc.

     14,894        2,203,418  

Bank of New York Mellon Corp. (The)

     86,679        4,466,569  

BlackRock, Inc.

     15,521        8,408,036  

CBOE Global Markets, Inc.

     4,089        466,555  

Charles Schwab Corp. (The)

     41,393        2,161,542  

CME Group, Inc.

     29,260        4,732,512  

Franklin Resources, Inc.

     48,216        1,672,131  

Goldman Sachs Group, Inc. (The)

     21,879        5,510,445  

Intercontinental Exchange, Inc.

     32,168        2,332,823  

Moody’s Corp.

     10,097        1,628,646  

Morgan Stanley

     166,813        9,001,230  

Nasdaq, Inc.

     14,531        1,252,863  

Northern Trust Corp.

     19,073        1,966,999  

S&P Global, Inc.

     12,653        2,417,482  

State Street Corp.

     31,904        3,181,786  

T. Rowe Price Group, Inc.

     27,527        2,972,090  

TD Ameritrade Holding Corp.

     43,895        2,599,901  
     

 

 

 
Total Capital Markets               56,975,028  
Chemicals – 2.0%      

Air Products & Chemicals, Inc.

     24,985        3,973,364  

Albemarle Corp.

     5,556        515,263  

Celanese Corp. Series A

     11,320        1,134,377  

DowDuPont, Inc.

     249,067        15,868,059  

Eastman Chemical Co.

     15,982        1,687,380  

Ecolab, Inc.

     15,500        2,124,585  

Monsanto Co.

     40,238        4,695,372  

PPG Industries, Inc.

     19,576        2,184,682  

Praxair, Inc.

     29,860        4,308,798  

Sherwin-Williams Co. (The)

     4,107        1,610,437  
     

 

 

 
Total Chemicals               38,102,317  
Commercial Services & Supplies – 0.4%      

Cintas Corp.

     5,607        956,442  

Republic Services, Inc.

     35,019        2,319,309  

Waste Management, Inc.

     44,236        3,721,132  
     

 

 

 
Total Commercial Services & Supplies               6,996,883  
Communications Equipment – 1.8%      

Cisco Systems, Inc.

     753,369        32,311,997  

Motorola Solutions, Inc.

     17,844        1,878,973  
     

 

 

 
Total Communications Equipment               34,190,970  
Construction Materials – 0.1%      

Martin Marietta Materials, Inc.

     2,423        502,288  

Vulcan Materials Co.

     4,918        561,488  
     

 

 

 
Total Construction Materials               1,063,776  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      37  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Consumer Finance – 0.7%      

American Express Co.

     61,799      $ 5,764,611  

Capital One Financial Corp.

     39,761        3,809,899  

Discover Financial Services

     33,442        2,405,483  

Synchrony Financial

     60,720        2,035,941  
     

 

 

 
Total Consumer Finance               14,015,934  
Containers & Packaging – 0.3%      

Ball Corp.

     16,164        641,872  

International Paper Co.

     67,548        3,609,090  

WestRock Co.

     33,823        2,170,422  
     

 

 

 
Total Containers & Packaging               6,421,384  
Distributors – 0.1%      

Genuine Parts Co.

     20,106        1,806,323  
Diversified Telecommunication Services – 5.8%     

AT&T, Inc.

     1,616,845        57,640,524  

CenturyLink, Inc.

     630,297        10,355,780  

Verizon Communications, Inc.

     930,236        44,483,885  
     

 

 

 
Total Diversified Telecommunication Services               112,480,189  
Electric Utilities – 3.3%      

American Electric Power Co., Inc.

     79,498        5,452,768  

Avangrid, Inc.

     52,556        2,686,663  

Duke Energy Corp.

     140,079        10,851,920  

Edison International

     47,451        3,020,731  

Entergy Corp.

     38,098        3,001,360  

Eversource Energy

     46,089        2,715,564  

Exelon Corp.

     151,837        5,923,161  

FirstEnergy Corp.

     95,614        3,251,832  

NextEra Energy, Inc.

     57,918        9,459,747  

PPL Corp.

     153,088        4,330,860  

Southern Co. (The)

     221,800        9,905,588  

Xcel Energy, Inc.

     72,248        3,285,839  
     

 

 

 
Total Electric Utilities               63,886,033  
Electrical Equipment – 0.4%      

AMETEK, Inc.

     4,846        368,151  

Emerson Electric Co.

     93,740        6,402,442  

Rockwell Automation, Inc.

     11,378        1,982,047  
     

 

 

 
Total Electrical Equipment               8,752,640  
Electronic Equipment, Instruments & Components – 0.2%     

Amphenol Corp. Class A

     12,973        1,117,365  

Corning, Inc.

     85,191        2,375,125  
     

 

 

 
Total Electronic Equipment, Instruments & Components        3,492,490  
Energy Equipment & Services – 0.2%      
Halliburton Co.      68,074        3,195,394  
Equity Real Estate Investment Trusts (REITs) – 4.1%     

American Tower Corp.

     39,773        5,780,608  

AvalonBay Communities, Inc.

     21,052        3,462,212  

Boston Properties, Inc.

     17,631        2,172,492  

Crown Castle International Corp.

     76,223        8,354,803  

Digital Realty Trust, Inc.

     31,916        3,363,308  

Equinix, Inc.

     6,755        2,824,536  

Equity Residential

     55,076        3,393,783  

Essex Property Trust, Inc.

     9,266        2,230,141  

GGP, Inc.

     170,664        3,491,785  

Host Hotels & Resorts, Inc.

     144,836      2,699,743  

Prologis, Inc.

     70,995        4,471,975  

Public Storage

     32,040        6,420,495  

Realty Income Corp.

     61,681        3,190,758  

Simon Property Group, Inc.

     70,331        10,855,590  

Ventas, Inc.

     84,438        4,182,214  

Vornado Realty Trust

     27,900        1,877,670  

Welltower, Inc.

     94,390        5,137,648  

Weyerhaeuser Co.

     133,670        4,678,450  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)        78,588,211  
Food & Staples Retailing – 2.7%      

Costco Wholesale Corp.

     22,750        4,286,783  

CVS Health Corp.

     137,601        8,560,158  

Kroger Co. (The)

     78,319        1,874,957  

Sysco Corp.

     59,451        3,564,682  

Walgreens Boots Alliance, Inc.

     107,605        7,044,899  

Walmart, Inc.

     311,797        27,740,579  
     

 

 

 
Total Food & Staples Retailing               53,072,058  
Food Products – 2.1%      

Archer-Daniels-Midland Co.

     82,546        3,580,020  

Campbell Soup Co.

     40,881        1,770,556  

Conagra Brands, Inc.

     47,095        1,736,864  

General Mills, Inc.

     96,404        4,343,964  

Hershey Co. (The)

     17,083        1,690,534  

Hormel Foods Corp.

     51,876        1,780,384  

J.M. Smucker Co. (The)

     14,307        1,774,211  

Kellogg Co.

     53,923        3,505,534  

Kraft Heinz Co. (The)

     192,432        11,986,589  

Mondelez International, Inc. Class A

     153,333        6,398,586  

Tyson Foods, Inc. Class A

     20,620        1,509,178  
     

 

 

 
Total Food Products               40,076,420  
Health Care Equipment & Supplies – 1.1%      

Abbott Laboratories

     168,168        10,076,626  

Baxter International, Inc.

     27,199        1,769,023  

Becton, Dickinson and Co.

     16,451        3,564,932  

Danaher Corp.

     20,430        2,000,301  

Dentsply Sirona, Inc.

     5,883        295,974  

Stryker Corp.

     21,067        3,390,102  

Zimmer Biomet Holdings, Inc.

     8,136        887,149  
     

 

 

 
Total Health Care Equipment & Supplies               21,984,107  
Health Care Providers & Services – 1.5%      

Aetna, Inc.

     17,026        2,877,394  

AmerisourceBergen Corp.

     19,030        1,640,576  

Anthem, Inc.

     16,213        3,561,996  

Cardinal Health, Inc.

     49,208        3,084,358  

Cigna Corp.

     356        59,716  

Humana, Inc.

     4,330        1,164,034  

McKesson Corp.

     8,915        1,255,856  

Quest Diagnostics, Inc.

     12,871        1,290,961  

UnitedHealth Group, Inc.

     64,404        13,782,456  
     

 

 

 
Total Health Care Providers & Services               28,717,347  
Hotels, Restaurants & Leisure – 2.2%  

Hilton Worldwide Holdings, Inc.

     13,073        1,029,629  

Las Vegas Sands Corp.

     163,033        11,722,073  

 

See Notes to Financial Statements.

 

38   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Marriott International, Inc. Class A

     19,166      $ 2,606,193  

McDonald’s Corp.

     92,197        14,417,767  

MGM Resorts International

     33,901        1,187,213  

Starbucks Corp.

     144,691        8,376,162  

Wynn Resorts Ltd.

     5,721        1,043,282  

Yum! Brands, Inc.

     25,233        2,148,085  
     

 

 

 
Total Hotels, Restaurants & Leisure               42,530,404  
Household Durables – 0.1%      

D.R. Horton, Inc.

     18,771        822,921  

Newell Brands, Inc.

     72,698        1,852,345  
     

 

 

 
Total Household Durables        2,675,266  
Household Products – 2.3%  

Clorox Co. (The)

     15,177        2,020,210  

Colgate-Palmolive Co.

     94,674        6,786,232  

Kimberly-Clark Corp.

     55,439        6,105,497  

Procter & Gamble Co. (The)

     382,370        30,314,294  
     

 

 

 
Total Household Products        45,226,233  
Industrial Conglomerates – 2.1%  

3M Co.

     58,318        12,801,967  

General Electric Co.

     1,162,857        15,675,312  

Honeywell International, Inc.

     73,425        10,610,647  

Roper Technologies, Inc.

     2,836        796,037  
     

 

 

 
Total Industrial Conglomerates        39,883,963  
Insurance – 2.1%  

Aflac, Inc.

     81,482        3,565,652  

Allstate Corp. (The)

     26,645        2,525,946  

American International Group, Inc.

     94,706        5,153,901  

CNA Financial Corp.

     28,051        1,384,317  

Hartford Financial Services Group, Inc. (The)

     32,049        1,651,164  

Lincoln National Corp.

     18,245        1,332,980  

Loews Corp.

     8,603        427,827  

Marsh & McLennan Cos., Inc.

     45,279        3,739,593  

MetLife, Inc.

     152,275        6,987,900  

Principal Financial Group, Inc.

     38,420        2,340,162  

Progressive Corp. (The)

     37,424        2,280,244  

Prudential Financial, Inc.

     53,295        5,518,697  

Travelers Cos., Inc. (The)

     28,917        4,015,415  
     

 

 

 
Total Insurance        40,923,798  
Internet & Catalog Retail – 0.0%  

Expedia Group, Inc.

     6,716        741,514  
IT Services – 2.8%  

Alliance Data Systems Corp.

     2,548        542,367  

Automatic Data Processing, Inc.

     47,519        5,392,456  

Cognizant Technology Solutions Corp. Class A

     22,851        1,839,506  

DXC Technology Co.

     9,489        953,929  

Fidelity National Information Services, Inc.

     20,423        1,966,735  

International Business Machines Corp.

     177,240        27,193,933  

MasterCard, Inc. Class A

     30,868        5,406,839  

Paychex, Inc.

     51,023        3,142,507  

Total System Services, Inc.

     5,216        449,932  

Visa, Inc. Class A

     62,797        7,511,777  
     

 

 

 
Total IT Services        54,399,981  
Life Sciences Tools & Services – 0.1%  

Agilent Technologies, Inc.

     14,648      979,951  

Thermo Fisher Scientific, Inc.

     6,606        1,363,875  
     

 

 

 
Total Life Sciences Tools & Services        2,343,826  
Machinery – 1.5%  

Caterpillar, Inc.

     64,282        9,473,881  

Cummins, Inc.

     21,136        3,425,934  

Deere & Co.

     25,774        4,003,218  

Dover Corp.

     15,156        1,488,622  

Fortive Corp.

     7,071        548,144  

Illinois Tool Works, Inc.

     32,018        5,015,940  

PACCAR, Inc.

     23,806        1,575,243  

Parker-Hannifin Corp.

     9,541        1,631,797  

Stanley Black & Decker, Inc.

     11,789        1,806,075  
     

 

 

 
Total Machinery        28,968,854  
Media – 2.1%  

CBS Corp. Class B Non-Voting Shares

     22,180        1,139,830  

Comcast Corp. Class A

     383,806        13,114,651  

Omnicom Group, Inc.

     35,717        2,595,554  

Sirius XM Holdings, Inc.(a)

     182,941        1,141,552  

Time Warner, Inc.

     68,730        6,500,484  

Twenty-First Century Fox, Inc. Class A

     57,033        2,092,541  

Twenty-First Century Fox, Inc. Class B

     43,474        1,581,149  

Walt Disney Co. (The)

     120,702        12,123,309  
     

 

 

 
Total Media        40,289,070  
Metals & Mining – 0.2%  

Newmont Mining Corp.

     21,309        832,543  

Nucor Corp.

     38,595        2,357,768  
     

 

 

 
Total Metals & Mining        3,190,311  
Multi-Utilities – 1.6%  

Ameren Corp.

     35,685        2,020,842  

CenterPoint Energy, Inc.

     75,003        2,055,082  

CMS Energy Corp.

     37,672        1,706,165  

Consolidated Edison, Inc.

     48,617        3,789,209  

Dominion Energy, Inc.

     115,102        7,761,328  

DTE Energy Co.

     27,160        2,835,504  

Public Service Enterprise Group, Inc.

     83,879        4,214,081  

Sempra Energy

     34,901        3,881,689  

WEC Energy Group, Inc.

     47,859        3,000,759  
     

 

 

 
Total Multi-Utilities        31,264,659  
Multiline Retail – 0.5%  

Dollar General Corp.

     15,317        1,432,905  

Target Corp.

     109,136        7,577,313  
     

 

 

 
Total Multiline Retail        9,010,218  
Oil, Gas & Consumable Fuels – 8.1%  

Anadarko Petroleum Corp.

     10,822        653,757  

Andeavor

     16,598        1,669,095  

Apache Corp.

     46,777        1,799,979  

Cabot Oil & Gas Corp.

     13,944        334,377  

Chevron Corp.

     337,833        38,526,475  

ConocoPhillips

     119,698        7,096,894  

Devon Energy Corp.

     15,512        493,126  

EOG Resources, Inc.

     18,734        1,972,128  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      39  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

EQT Corp.

     2,455      $ 116,637  

Exxon Mobil Corp.

     779,218        58,137,455  

Hess Corp.

     32,712        1,655,881  

Kinder Morgan, Inc.

     303,295        4,567,623  

Marathon Petroleum Corp.

     61,106        4,467,460  

Occidental Petroleum Corp.

     169,764        11,027,869  

ONEOK, Inc.

     106,729        6,075,015  

Phillips 66

     70,022        6,716,510  

Pioneer Natural Resources Co.

     397        68,197  

Valero Energy Corp.

     69,976        6,491,674  

Williams Cos., Inc. (The)

     167,602        4,166,586  
     

 

 

 
Total Oil, Gas & Consumable Fuels        156,036,738  
Personal Products – 0.2%  

Coty, Inc. Class A

     105,340        1,927,722  

Estee Lauder Cos., Inc. (The) Class A

     14,264        2,135,606  
     

 

 

 
Total Personal Products        4,063,328  
Pharmaceuticals – 6.6%  

Bristol-Myers Squibb Co.

     202,436        12,804,077  

Eli Lilly & Co.

     131,652        10,185,915  

Johnson & Johnson

     316,790        40,596,638  

Merck & Co., Inc.

     465,015        25,329,367  

Pfizer, Inc.

     1,052,931        37,368,521  

Zoetis, Inc.

     14,554        1,215,405  
     

 

 

 
Total Pharmaceuticals        127,499,923  
Professional Services – 0.0%  

Equifax, Inc.

     7,572        892,057  
Road & Rail – 0.9%  

CSX Corp.

     64,253        3,579,535  

Norfolk Southern Corp.

     25,184        3,419,484  

Union Pacific Corp.

     80,659        10,842,989  
     

 

 

 
Total Road & Rail        17,842,008  
Semiconductors & Semiconductor Equipment – 4.0%  

Analog Devices, Inc.

     38,034        3,466,039  

Applied Materials, Inc.

     43,010        2,391,786  

Intel Corp.

     581,710        30,295,457  

KLA-Tencor Corp.

     18,190        1,982,892  

Lam Research Corp.

     9,146        1,858,101  

Maxim Integrated Products, Inc.

     39,638        2,387,000  

Microchip Technology, Inc.(a)

     19,933        1,821,079  

NVIDIA Corp.

     9,929        2,299,457  

QUALCOMM, Inc.

     259,227        14,363,768  

Skyworks Solutions, Inc.

     11,998        1,202,920  

Texas Instruments, Inc.

     123,853        12,867,088  

Xilinx, Inc.

     25,767        1,861,408  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        76,796,995  
Software – 4.7%  

Activision Blizzard, Inc.

     19,552        1,318,978  

CA, Inc.

     62,750        2,127,225  

Intuit, Inc.

     12,894        2,235,175  

Microsoft Corp.

     761,477        69,500,006  

Oracle Corp.

     316,794        14,493,326  

Symantec Corp.

     33,257        859,693  
     

 

 

 
Total Software        90,534,403  
Specialty Retail – 1.9%  

Best Buy Co., Inc.

     31,768      2,223,442  

Home Depot, Inc. (The)

     112,161        19,991,577  

L Brands, Inc.

     56,813        2,170,825  

Lowe’s Cos., Inc.

     77,983        6,843,008  

Ross Stores, Inc.

     15,609        1,217,190  

TJX Cos., Inc. (The)

     53,374        4,353,183  
     

 

 

 
Total Specialty Retail        36,799,225  
Technology Hardware, Storage & Peripherals – 3.9%     

Apple, Inc.

     377,754        63,379,566  

Hewlett Packard Enterprise Co.

     167,073        2,930,461  

HP, Inc.

     222,636        4,880,181  

NetApp, Inc.

     18,558        1,144,843  

Western Digital Corp.

     36,512        3,368,962  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        75,704,013  
Textiles, Apparel & Luxury Goods – 0.5%  

NIKE, Inc. Class B

     84,118        5,588,800  

VF Corp.

     50,314        3,729,274  
     

 

 

 
Total Textiles, Apparel & Luxury Goods        9,318,074  
Tobacco – 2.7%  

Altria Group, Inc.

     347,925        21,682,686  

Philip Morris International, Inc.

     307,990        30,614,206  
     

 

 

 
Total Tobacco        52,296,892  
Trading Companies & Distributors – 0.1%  

Fastenal Co.

     33,490        1,828,219  
Water Utilities – 0.1%  

American Water Works Co., Inc.

     16,267        1,336,008  

TOTAL COMMON STOCKS

(Cost: $1,657,572,972)

 

 

     1,930,117,114  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%  
United States – 0.1%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

(Cost: $897,917)(c)

     897,917        897,917  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $1,658,470,889)

        1,931,015,031  

Other Assets less Liabilities – 0.1%

        2,536,644  
     

 

 

 
NET ASSETS – 100.0%             $ 1,933,551,675  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b)

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $2,678,592 and the total market value of the collateral held by the Fund was $2,753,664. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,855,747.

 

See Notes to Financial Statements.

 

40   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 1.3%      

Arconic, Inc.

     378,748      $ 8,726,354  

BWX Technologies, Inc.

     57,451        3,649,862  

Curtiss-Wright Corp.

     17,319        2,339,277  

HEICO Corp. Class A

     10,567        749,729  

Hexcel Corp.

     59,486        3,842,201  

Huntington Ingalls Industries, Inc.

     44,318        11,423,408  

Orbital ATK, Inc.

     45,890        6,085,473  

Spirit AeroSystems Holdings, Inc. Class A

     44,938        3,761,310  
     

 

 

 
Total Aerospace & Defense        40,577,614  
Air Freight & Logistics – 1.1%  

C.H. Robinson Worldwide, Inc.

     231,250        21,670,437  

Expeditors International of Washington, Inc.

     186,693        11,817,667  
     

 

 

 
Total Air Freight & Logistics        33,488,104  
Airlines – 0.4%  

Alaska Air Group, Inc.

     172,789        10,706,006  
Auto Components – 1.6%  

BorgWarner, Inc.

     214,312        10,764,892  

Dana, Inc.

     84,522        2,177,287  

Gentex Corp.

     454,585        10,464,546  

Goodyear Tire & Rubber Co. (The)

     354,874        9,432,551  

LCI Industries

     35,699        3,718,051  

Lear Corp.

     62,257        11,585,405  
     

 

 

 
Total Auto Components        48,142,732  
Automobiles – 0.7%  

Harley-Davidson, Inc.(a)

     390,487        16,744,083  

Thor Industries, Inc.

     42,053        4,843,244  
     

 

 

 
Total Automobiles        21,587,327  
Banks – 3.4%  

Associated Banc-Corp.

     101,036        2,510,745  

Bank of Hawaii Corp.

     31,161        2,589,479  

Bank of the Ozarks, Inc.

     60,640        2,927,093  

BankUnited, Inc.

     67,601        2,702,688  

BOK Financial Corp.

     40,338        3,993,059  

Cathay General Bancorp

     54,330        2,172,113  

Chemical Financial Corp.

     44,713        2,444,907  

CIT Group, Inc.

     53,482        2,754,323  

Columbia Banking System, Inc.

     41,454        1,738,995  

Commerce Bancshares, Inc.

     49,358        2,957,038  

Cullen/Frost Bankers, Inc.

     45,967        4,875,720  

East West Bancorp, Inc.

     58,573        3,663,155  

First Citizens BancShares, Inc. Class A

     1,166        481,838  

First Hawaiian, Inc.

     124,034        3,451,866  

First Horizon National Corp.

     125,763        2,368,117  

FNB Corp.

     326,222        4,387,686  

Fulton Financial Corp.

     127,238        2,258,474  

Hancock Holding Co.

     49,250        2,546,225  

Home BancShares, Inc.

     99,794        2,276,301  

Iberiabank Corp.

     30,478        2,377,284  

Investors Bancorp, Inc.

     233,179        3,180,562  

MB Financial, Inc.

     46,116      1,866,776  

PacWest Bancorp

     162,534        8,050,309  

People’s United Financial, Inc.

     378,729        7,067,083  

Pinnacle Financial Partners, Inc.

     19,293        1,238,611  

Prosperity Bancshares, Inc.

     44,544        3,235,231  

Sterling Bancorp

     73,867        1,665,701  

Synovus Financial Corp.

     44,930        2,243,804  

TCF Financial Corp.

     76,051        1,734,723  

UMB Financial Corp.

     22,318        1,615,600  

Umpqua Holdings Corp.

     224,693        4,810,677  

United Bankshares, Inc.

     120,529        4,248,647  

Webster Financial Corp.

     50,950        2,822,630  

Wintrust Financial Corp.

     10,628        914,539  

Zions Bancorp

     74,407        3,923,481  
     

 

 

 
Total Banks        104,095,480  
Building Products – 0.9%  

A.O. Smith Corp.

     106,342        6,762,288  

Fortune Brands Home & Security, Inc.

     128,894        7,590,568  

Lennox International, Inc.

     33,286        6,802,660  

Owens Corning

     82,759        6,653,823  
     

 

 

 
Total Building Products        27,809,339  
Capital Markets – 1.3%  

Affiliated Managers Group, Inc.

     6,450        1,222,791  

BGC Partners, Inc. Class A

     337,833        4,543,854  

Eaton Vance Corp.

     78,378        4,363,303  

Evercore, Inc. Class A

     19,906        1,735,803  

FactSet Research Systems, Inc.

     13,165        2,625,364  

Federated Investors, Inc. Class B

     88,637        2,960,476  

Interactive Brokers Group, Inc. Class A

     13,592        913,926  

Legg Mason, Inc.

     76,926        3,127,042  

LPL Financial Holdings, Inc.

     51,114        3,121,532  

MarketAxess Holdings, Inc.

     7,334        1,594,705  

Morningstar, Inc.

     12,859        1,228,292  

MSCI, Inc.

     32,780        4,899,627  

Raymond James Financial, Inc.

     48,831        4,365,980  

SEI Investments Co.

     38,322        2,870,701  

Stifel Financial Corp.

     13,245        784,501  
     

 

 

 
Total Capital Markets        40,357,897  
Chemicals – 4.5%  

Ashland Global Holdings, Inc.

     63,620        4,440,040  

Cabot Corp.

     107,482        5,988,897  

CF Industries Holdings, Inc.

     580,665        21,908,490  

Chemours Co. (The)

     39,296        1,914,108  

FMC Corp.

     82,510        6,317,791  

Huntsman Corp.

     324,982        9,505,723  

International Flavors & Fragrances, Inc.

     114,993        15,743,692  

Kronos Worldwide, Inc.

     227,507        5,141,658  

Mosaic Co. (The)

     131,401        3,190,416  

NewMarket Corp.

     17,064        6,854,268  

Olin Corp.

     312,835        9,507,056  

PolyOne Corp.

     102,055        4,339,379  

RPM International, Inc.

     260,100        12,398,967  

Scotts Miracle-Gro Co. (The)

     96,274        8,255,495  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      41  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Sensient Technologies Corp.

     60,648      $ 4,280,536  

Valvoline, Inc.

     202,800        4,487,964  

W.R. Grace & Co.

     64,630        3,957,295  

Westlake Chemical Corp.

     90,407        10,048,738  
     

 

 

 
Total Chemicals        138,280,513  
Commercial Services & Supplies – 1.3%  

Brink’s Co. (The)

     29,293        2,090,056  

Deluxe Corp.

     63,765        4,719,248  

Healthcare Services Group, Inc.(a)

     88,178        3,833,979  

KAR Auction Services, Inc.

     297,637        16,131,925  

MSA Safety, Inc.

     54,554        4,541,075  

Rollins, Inc.

     176,351        8,999,192  
     

 

 

 
Total Commercial Services & Supplies        40,315,475  
Communications Equipment – 0.3%  

Juniper Networks, Inc.

     423,429        10,302,028  
Construction & Engineering – 0.7%  

EMCOR Group, Inc.

     19,614        1,528,519  

Fluor Corp.

     190,774        10,916,088  

Jacobs Engineering Group, Inc.

     86,912        5,140,845  

Valmont Industries, Inc.

     16,169        2,365,525  
     

 

 

 
Total Construction & Engineering        19,950,977  
Construction Materials – 0.1%  
Eagle Materials, Inc.      13,967        1,439,299  
Consumer Finance – 0.4%  

Ally Financial, Inc.

     223,278        6,061,998  

Navient Corp.

     394,018        5,169,516  
     

 

 

 
Total Consumer Finance        11,231,514  
Containers & Packaging – 2.4%  

AptarGroup, Inc.

     73,414        6,594,780  

Avery Dennison Corp.

     114,828        12,200,475  

Bemis Co., Inc.

     184,203        8,016,515  

Graphic Packaging Holding Co.

     489,107        7,507,792  

Packaging Corp. of America

     164,528        18,542,306  

Sealed Air Corp.

     194,096        8,305,368  

Sonoco Products Co.

     231,993        11,251,660  
     

 

 

 
Total Containers & Packaging        72,418,896  
Distributors – 0.2%  
Pool Corp.      37,020        5,413,064  
Diversified Consumer Services – 0.8%  

H&R Block, Inc.

     595,326        15,127,233  

Service Corp. International

     241,855        9,127,608  
     

 

 

 
Total Diversified Consumer Services        24,254,841  
Diversified Financial Services – 0.1%  

Leucadia National Corp.

     162,308        3,689,261  

Voya Financial, Inc.

     5,997        302,848  
     

 

 

 
Total Diversified Financial Services        3,992,109  
Electric Utilities – 4.5%  

ALLETE, Inc.

     111,253        8,038,029  

Alliant Energy Corp.

     522,678        21,356,623  

Great Plains Energy, Inc.

     559,663        17,791,687  

Hawaiian Electric Industries, Inc.

     288,000      9,901,440  

IDACORP, Inc.

     98,798        8,720,899  

OGE Energy Corp.

     626,650        20,535,321  

Pinnacle West Capital Corp.

     275,937        22,019,773  

PNM Resources, Inc.

     141,193        5,400,632  

Portland General Electric Co.

     200,058        8,104,350  

Westar Energy, Inc.

     325,990        17,143,814  
     

 

 

 
Total Electric Utilities        139,012,568  
Electrical Equipment – 0.6%  

Acuity Brands, Inc.

     9,946        1,384,384  

Hubbell, Inc.

     105,264        12,819,050  

Regal Beloit Corp.

     48,309        3,543,465  
     

 

 

 
Total Electrical Equipment        17,746,899  
Electronic Equipment, Instruments & Components – 1.7%  

Avnet, Inc.

     182,554        7,623,455  

Belden, Inc.

     7,844        540,765  

CDW Corp.

     147,766        10,389,427  

Cognex Corp.

     22,515        1,170,555  

Dolby Laboratories, Inc. Class A

     51,680        3,284,781  

FLIR Systems, Inc.

     143,524        7,177,635  

Jabil, Inc.

     166,201        4,774,955  

Littelfuse, Inc.

     13,737        2,859,769  

National Instruments Corp.

     209,105        10,574,440  

SYNNEX Corp.

     29,126        3,448,518  

Universal Display Corp.(a)

     2,546        257,146  
     

 

 

 
Total Electronic Equipment, Instruments & Components        52,101,446  
Energy Equipment & Services – 2.1%  

Baker Hughes Co.

     825,565        22,925,940  

Helmerich & Payne, Inc.(a)

     424,860        28,278,682  

National Oilwell Varco, Inc.

     191,093        7,034,133  

Patterson-UTI Energy, Inc.

     64,935        1,137,012  

RPC, Inc.(a)

     198,774        3,583,895  
     

 

 

 
Total Energy Equipment & Services        62,959,662  
Equity Real Estate Investment Trusts (REITs) – 15.3%  

Alexandria Real Estate Equities, Inc.

     75,855        9,473,531  

American Campus Communities, Inc.

     165,591        6,395,124  

American Homes 4 Rent Class A

     78,406        1,574,392  

Apartment Investment & Management Co. Class A

     153,861        6,269,836  

Apple Hospitality REIT, Inc.

     408,648        7,179,945  

Brixmor Property Group, Inc.

     572,049        8,723,747  

Camden Property Trust

     91,625        7,712,993  

Colony NorthStar, Inc. Class A

     1,465,938        8,238,572  

CoreSite Realty Corp.

     33,185        3,327,128  

Corporate Office Properties Trust

     115,006        2,970,605  

Cousins Properties, Inc.

     335,149        2,909,093  

CubeSmart

     203,813        5,747,527  

CyrusOne, Inc.

     77,290        3,958,021  

DCT Industrial Trust, Inc.

     67,987        3,830,388  

Douglas Emmett, Inc.

     113,301        4,164,945  

Duke Realty Corp.

     307,696        8,147,790  

EastGroup Properties, Inc.

     28,028        2,316,794  

 

See Notes to Financial Statements.

 

42   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Empire State Realty Trust, Inc. Class A

     98,576      $ 1,655,091  

EPR Properties

     133,674        7,405,540  

Equity LifeStyle Properties, Inc.

     57,005        5,003,329  

Extra Space Storage, Inc.

     138,864        12,131,159  

Federal Realty Investment Trust

     66,632        7,736,642  

First Industrial Realty Trust, Inc.

     94,014        2,748,029  

Forest City Realty Trust, Inc. Class A

     182,642        3,700,327  

Gaming and Leisure Properties, Inc.

     448,972        15,027,093  

GEO Group, Inc. (The)

     291,793        5,973,003  

Gramercy Property Trust

     259,944        5,648,583  

HCP, Inc.

     778,691        18,088,992  

Healthcare Realty Trust, Inc.

     138,280        3,831,739  

Healthcare Trust of America, Inc. Class A

     243,296        6,435,179  

Highwoods Properties, Inc.

     106,276        4,657,014  

Hospitality Properties Trust

     341,369        8,650,290  

Hudson Pacific Properties, Inc.

     133,522        4,343,471  

Invitation Homes, Inc.

     215,966        4,930,504  

Iron Mountain, Inc.

     473,930        15,573,340  

JBG SMITH Properties

     97,753        3,295,254  

Kilroy Realty Corp.

     66,280        4,703,229  

Kimco Realty Corp.

     792,909        11,417,890  

Lamar Advertising Co. Class A

     110,087        7,008,138  

LaSalle Hotel Properties

     217,727        6,316,260  

Liberty Property Trust

     162,521        6,456,959  

Life Storage, Inc.

     62,327        5,205,551  

Macerich Co. (The)

     189,607        10,621,784  

Medical Properties Trust, Inc.

     770,866        10,021,258  

Mid-America Apartment Communities, Inc.

     116,806        10,657,379  

National Health Investors, Inc.

     60,690        4,083,830  

National Retail Properties, Inc.

     205,123        8,053,129  

Omega Healthcare Investors, Inc.(a)

     566,874        15,328,273  

Outfront Media, Inc.

     252,418        4,730,313  

Paramount Group, Inc.

     173,291        2,467,664  

Park Hotels & Resorts, Inc.

     396,160        10,704,243  

PS Business Parks, Inc.

     21,512        2,431,716  

Rayonier, Inc.

     124,970        4,396,445  

Regency Centers Corp.

     159,956        9,434,205  

RLJ Lodging Trust

     318,938        6,200,155  

Ryman Hospitality Properties, Inc.

     72,475        5,613,189  

Sabra Health Care REIT, Inc.

     512,345        9,042,889  

Senior Housing Properties Trust

     587,578        9,201,471  

SL Green Realty Corp.

     88,826        8,601,022  

Spirit Realty Capital, Inc.

     1,158,765        8,992,016  

STORE Capital Corp.

     272,226        6,756,649  

Sun Communities, Inc.

     67,829        6,197,536  

Sunstone Hotel Investors, Inc.

     81,120        1,234,646  

Taubman Centers, Inc.

     76,021        4,326,355  

UDR, Inc.

     257,934        9,187,609  

VEREIT, Inc.

     2,026,080        14,101,517  

W.P. Carey, Inc.

     185,052        11,471,373  

Weingarten Realty Investors

     181,369        5,092,842  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)        469,832,545  
Food & Staples Retailing – 0.1%      

Casey’s General Stores, Inc.

     25,279        2,774,876  
Food Products – 2.5%      

Flowers Foods, Inc.

     575,015      12,569,828  

Ingredion, Inc.

     100,481        12,954,011  

Lamb Weston Holdings, Inc.

     158,951        9,254,127  

Lancaster Colony Corp.

     40,363        4,970,300  

McCormick & Co., Inc. Non-Voting Shares

     200,089        21,287,469  

Pinnacle Foods, Inc.

     223,045        12,066,734  

Sanderson Farms, Inc.

     13,305        1,583,561  

Seaboard Corp.

     121        516,065  
     

 

 

 
Total Food Products               75,202,095  
Gas Utilities – 2.4%      

Atmos Energy Corp.

     188,486        15,878,061  

National Fuel Gas Co.

     200,599        10,320,818  

New Jersey Resources Corp.

     175,297        7,029,410  

ONE Gas, Inc.

     90,808        5,995,144  

Southwest Gas Holdings, Inc.

     91,211        6,168,600  

Spire, Inc.

     109,120        7,889,376  

UGI Corp.

     285,221        12,669,517  

WGL Holdings, Inc.

     98,773        8,262,361  
     

 

 

 
Total Gas Utilities               74,213,287  
Health Care Equipment & Supplies – 1.0%      

Cantel Medical Corp.

     5,561        619,551  

Cooper Cos., Inc. (The)

     1,156        264,504  

Hill-Rom Holdings, Inc.

     46,834        4,074,558  

ResMed, Inc.

     187,661        18,478,979  

Teleflex, Inc.

     20,149        5,137,592  

West Pharmaceutical Services, Inc.

     34,391        3,036,381  
     

 

 

 
Total Health Care Equipment & Supplies               31,611,565  
Health Care Providers & Services – 0.6%      

Chemed Corp.

     5,831        1,591,047  

Encompass Health Corp.

     160,970        9,202,655  

Patterson Cos., Inc.

     223,753        4,974,029  

Universal Health Services, Inc. Class B

     24,647        2,918,451  
     

 

 

 
Total Health Care Providers & Services               18,686,182  
Hotels, Restaurants & Leisure – 4.6%      

Aramark

     194,800        7,706,288  

Boyd Gaming Corp.

     54,682        1,742,168  

Choice Hotels International, Inc.

     50,877        4,077,791  

Churchill Downs, Inc.

     7,915        1,931,656  

Cracker Barrel Old Country Store, Inc.(a)

     58,211        9,267,191  

Darden Restaurants, Inc.

     292,859        24,966,230  

Domino’s Pizza, Inc.

     35,100        8,197,956  

Dunkin’ Brands Group, Inc.(a)

     155,330        9,271,648  

ILG, Inc.

     211,202        6,570,494  

Marriott Vacations Worldwide Corp.

     23,076        3,073,723  

Six Flags Entertainment Corp.

     289,534        18,026,387  

Texas Roadhouse, Inc.

     92,790        5,361,406  

Vail Resorts, Inc.

     61,501        13,634,772  

Wendy’s Co. (The)

     357,983        6,282,602  

Wyndham Worldwide Corp.

     170,075        19,461,682  
     

 

 

 
Total Hotels, Restaurants & Leisure               139,571,994  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      43  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Household Durables – 1.7%      

Leggett & Platt, Inc.

     333,883      $ 14,811,050  

Lennar Corp. Class A

     65,862        3,881,906  

PulteGroup, Inc.

     264,220        7,791,848  

Toll Brothers, Inc.

     87,866        3,800,205  

Whirlpool Corp.

     150,985        23,117,313  
     

 

 

 
Total Household Durables               53,402,322  
Household Products – 0.8%      

Church & Dwight Co., Inc.

     319,189        16,074,358  

Spectrum Brands Holdings, Inc.(a)

     67,501        6,999,854  
     

 

 

 
Total Household Products        23,074,212  
Independent Power & Renewable Electricity Producers – 1.0%  

AES Corp.

     2,382,770        27,092,095  

NRG Energy, Inc.

     116,471        3,555,859  

Ormat Technologies, Inc.

     20,057        1,130,814  
     

 

 

 
Total Independent Power & Renewable Electricity Producers        31,778,768  
Industrial Conglomerates – 0.2%  

Carlisle Cos., Inc.

     64,359        6,719,723  
Insurance – 2.6%  

American Financial Group, Inc.

     35,697        4,005,917  

American National Insurance Co.

     21,602        2,526,570  

Arthur J. Gallagher & Co.

     131,795        9,058,270  

Assurant, Inc.

     36,856        3,369,007  

Brown & Brown, Inc.

     97,606        2,483,097  

Cincinnati Financial Corp.

     134,581        9,993,985  

CNO Financial Group, Inc.

     72,882        1,579,353  

Erie Indemnity Co. Class A

     36,412        4,283,508  

First American Financial Corp.

     93,209        5,469,504  

FNF Group

     223,002        8,924,540  

Hanover Insurance Group, Inc. (The)

     24,370        2,872,979  

Kemper Corp.

     21,247        1,211,079  

Old Republic International Corp.

     291,977        6,262,907  

Primerica, Inc.

     10,576        1,021,641  

ProAssurance Corp.

     32,703        1,587,731  

Reinsurance Group of America, Inc.

     24,038        3,701,852  

Selective Insurance Group, Inc.

     20,641        1,252,909  

Torchmark Corp.

     23,586        1,985,234  

Unum Group

     109,905        5,232,577  

W.R. Berkley Corp.

     29,283        2,128,874  
     

 

 

 
Total Insurance        78,951,534  
Internet Software & Services – 0.4%  

j2 Global, Inc.

     83,213        6,567,170  

LogMeIn, Inc.

     37,166        4,294,531  
     

 

 

 
Total Internet Software & Services        10,861,701  
IT Services – 3.3%  

Booz Allen Hamilton Holding Corp.

     207,341        8,028,243  

Broadridge Financial Solutions, Inc.

     154,691        16,968,056  

CSRA, Inc.

     178,907        7,376,336  

DST Systems, Inc.

     56,558        4,731,077  

Jack Henry & Associates, Inc.

     66,142        7,999,875  

Leidos Holdings, Inc.

     245,130        16,031,502  

MAXIMUS, Inc.

     13,429        896,251  

Sabre Corp.

     649,335      13,928,236  

Western Union Co. (The)

     1,341,098        25,789,314  
     

 

 

 
Total IT Services        101,748,890  
Leisure Products – 1.2%  

Brunswick Corp.

     95,518        5,672,814  

Hasbro, Inc.

     252,506        21,286,256  

Polaris Industries, Inc.

     89,779        10,281,491  
     

 

 

 
Total Leisure Products        37,240,561  
Life Sciences Tools & Services – 0.3%  

Bio-Techne Corp.

     30,148        4,553,554  

Bruker Corp.

     59,663        1,785,117  

PerkinElmer, Inc.

     35,505        2,688,438  
     

 

 

 
Total Life Sciences Tools & Services        9,027,109  
Machinery – 4.2%  

AGCO Corp.

     49,574        3,214,874  

Allison Transmission Holdings, Inc.

     167,246        6,532,629  

Barnes Group, Inc.

     36,406        2,180,355  

Crane Co.

     73,333        6,800,903  

Donaldson Co., Inc.

     154,217        6,947,476  

Flowserve Corp.

     193,228        8,372,569  

Graco, Inc.

     153,249        7,006,544  

IDEX Corp.

     69,540        9,910,145  

ITT, Inc.

     68,805        3,370,069  

John Bean Technologies Corp.

     8,876        1,006,538  

Kennametal, Inc.

     116,331        4,671,853  

Lincoln Electric Holdings, Inc.

     91,050        8,189,948  

Nordson Corp.

     43,881        5,982,736  

Oshkosh Corp.

     65,429        5,055,699  

Snap-on, Inc.

     88,469        13,052,716  

Terex Corp.

     48,400        1,810,644  

Timken Co. (The)

     138,667        6,323,215  

Toro Co. (The)

     91,707        5,727,102  

Trinity Industries, Inc.

     176,553        5,760,924  

Wabtec Corp.(a)

     48,023        3,909,072  

Woodward, Inc.

     32,601        2,336,188  

Xylem, Inc.

     153,117        11,777,760  
     

 

 

 
Total Machinery        129,939,959  
Media – 2.6%  

Cable One, Inc.

     4,752        3,265,147  

Cinemark Holdings, Inc.

     305,572        11,510,897  

Interpublic Group of Cos., Inc. (The)

     1,119,240        25,776,097  

News Corp. Class A

     379,726        5,999,671  

News Corp. Class B

     196,820        3,168,802  

Tribune Media Co. Class A

     169,863        6,881,150  

Viacom, Inc. Class B

     784,542        24,367,875  
     

 

 

 
Total Media        80,969,639  
Metals & Mining – 1.1%  

Reliance Steel & Aluminum Co.

     126,927        10,882,721  

Royal Gold, Inc.

     63,737        5,473,096  

Steel Dynamics, Inc.

     294,868        13,039,063  

United States Steel Corp.

     84,248        2,964,687  
     

 

 

 
Total Metals & Mining        32,359,567  

 

See Notes to Financial Statements.

 

44   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Multi-Utilities – 2.3%  

Avista Corp.

     146,160      $ 7,490,700  

MDU Resources Group, Inc.

     447,990        12,615,398  

NiSource, Inc.

     700,649        16,752,518  

SCANA Corp.

     618,160        23,211,908  

Vectren Corp.

     175,840        11,239,693  
     

 

 

 
Total Multi-Utilities        71,310,217  
Multiline Retail – 3.4%  

Kohl’s Corp.

     605,684        39,678,359  

Macy’s, Inc.

     1,441,962        42,883,950  

Nordstrom, Inc.(a)

     435,882        21,101,047  
     

 

 

 
Total Multiline Retail        103,663,356  
Oil, Gas & Consumable Fuels – 4.6%  

Cimarex Energy Co.

     21,218        1,983,883  

HollyFrontier Corp.

     420,099        20,526,037  

Marathon Oil Corp.

     913,605        14,736,449  

Murphy Oil Corp.

     494,555        12,779,301  

Noble Energy, Inc.

     587,868        17,812,400  

PBF Energy, Inc. Class A

     323,063        10,951,836  

Range Resources Corp.(a)

     97,238        1,413,841  

Targa Resources Corp.

     1,402,352        61,703,488  
     

 

 

 
Total Oil, Gas & Consumable Fuels        141,907,235  
Personal Products – 0.2%  

Nu Skin Enterprises, Inc. Class A

     92,054        6,785,300  
Professional Services – 0.8%  

Dun & Bradstreet Corp. (The)

     48,957        5,727,969  

ManpowerGroup, Inc.

     78,618        9,048,932  

Robert Half International, Inc.

     176,809        10,235,473  
     

 

 

 
Total Professional Services        25,012,374  
Real Estate Management & Development – 0.1%  

Jones Lang LaSalle, Inc.

     6,918        1,208,160  

Realogy Holdings Corp.(a)

     54,318        1,481,795  
     

 

 

 
Total Real Estate Management & Development        2,689,955  
Road & Rail – 1.1%  

JB Hunt Transport Services, Inc.

     72,331        8,473,577  

Kansas City Southern

     108,380        11,905,543  

Knight-Swift Transportation Holdings, Inc.

     77,951        3,586,525  

Landstar System, Inc.

     12,466        1,366,897  

Old Dominion Freight Line, Inc.

     19,665        2,890,165  

Ryder System, Inc.

     94,559        6,882,950  
     

 

 

 
Total Road & Rail        35,105,657  
Semiconductors & Semiconductor Equipment – 1.0%  

Cypress Semiconductor Corp.

     781,951        13,261,889  

Entegris, Inc.

     111,327        3,874,179  

MKS Instruments, Inc.

     34,241        3,959,972  

Monolithic Power Systems, Inc.

     24,134        2,793,993  

Teradyne, Inc.

     111,324        5,088,620  

Versum Materials, Inc.

     46,292        1,741,968  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        30,720,621  
Software – 0.5%  

Blackbaud, Inc.

     19,943        2,030,397  

CDK Global, Inc.

    94,628      5,993,737  

Pegasystems, Inc.

    15,315        928,855  

SS&C Technologies Holdings, Inc.

    115,159        6,177,129  
    

 

 

 
Total Software        15,130,118  
Specialty Retail – 3.0%  

Advance Auto Parts, Inc.

    13,773        1,632,789  

Foot Locker, Inc.

    278,911        12,701,607  

Gap, Inc. (The)

    873,037        27,238,754  

Penske Automotive Group, Inc.

    192,608        8,538,313  

Tiffany & Co.

    210,987        20,604,990  

Tractor Supply Co.(a)

    163,632        10,312,089  

Williams-Sonoma, Inc.(a)

    202,549        10,686,485  
    

 

 

 
Total Specialty Retail        91,715,027  
Technology Hardware, Storage & Peripherals – 0.7%  

Xerox Corp.

    699,326        20,126,602  
Textiles, Apparel & Luxury Goods – 2.5%  

Carter’s, Inc.

    50,288        5,234,981  

Columbia Sportswear Co.

    63,489        4,852,464  

Hanesbrands, Inc.(a)

    859,896        15,839,284  

PVH Corp.

    6,992        1,058,799  

Ralph Lauren Corp.

    86,635        9,685,793  

Tapestry, Inc.

    736,990        38,773,044  
    

 

 

 
Total Textiles, Apparel & Luxury Goods        75,444,365  
Thrifts & Mortgage Finance – 0.5%  

New York Community Bancorp, Inc.

    760,351        9,907,374  

Radian Group, Inc.

    5,260        100,150  

TFS Financial Corp.

    370,814        5,447,258  
    

 

 

 
Total Thrifts & Mortgage Finance        15,454,782  
Trading Companies & Distributors – 1.7%  

Air Lease Corp.

    75,148        3,202,808  

MSC Industrial Direct Co., Inc. Class A

    75,502        6,924,289  

W.W. Grainger, Inc.

    105,605        29,809,123  

Watsco, Inc.

    73,397        13,282,655  
    

 

 

 
Total Trading Companies & Distributors        53,218,875  
Transportation Infrastructure – 0.7%  

Macquarie Infrastructure Corp.

    594,133        21,941,332  
Water Utilities – 0.3%  

Aqua America, Inc.

    308,386        10,503,627  

TOTAL COMMON STOCKS

(Cost: $2,816,007,671)

 

 

     3,054,879,762  
EXCHANGE-TRADED FUND – 0.0%  
United States – 0.0%  
WisdomTree U.S. LargeCap Dividend Fund(b)
(Cost: $1,571,391)
    16,807        1,487,251  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6%  
United States – 1.6%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

(Cost: $47,791,085)(d)

    47,791,085        47,791,085  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      45  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2018

 

  

 

 

Investments          Value  

TOTAL INVESTMENTS IN SECURITIES – 101.3%

(Cost: $2,865,370,147)

   $ 3,104,158,098  

Other Assets less Liabilities – (1.3)%

     (39,681,059
     

 

 

 
NET ASSETS – 100.0%    $ 3,064,477,039  
(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $73,769,348 and the total market value of the collateral held by the Fund was $75,165,224. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $27,374,139.

 

See Notes to Financial Statements.

 

46   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments

WisdomTree U.S. MidCap Earnings Fund (EZM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%  
United States – 99.6%  
Aerospace & Defense – 1.9%  

Aerojet Rocketdyne Holdings, Inc.*

     21,465      $ 600,376  

BWX Technologies, Inc.

     35,349        2,245,722  

Curtiss-Wright Corp.

     20,122        2,717,878  

HEICO Corp.

     27,263        2,366,701  

Hexcel Corp.

     47,518        3,069,188  

KLX, Inc.*

     14,226        1,010,900  

Mercury Systems, Inc.*

     8,064        389,652  

Moog, Inc. Class A*

     18,188        1,498,873  

Orbital ATK, Inc.

     26,539        3,519,337  

Teledyne Technologies, Inc.*

     13,311        2,491,420  
     

 

 

 
Total Aerospace & Defense        19,910,047  
Airlines – 1.2%  

Allegiant Travel Co.

     11,328        1,954,646  

Hawaiian Holdings, Inc.

     53,153        2,057,021  

JetBlue Airways Corp.*

     328,815        6,681,521  

Spirit Airlines, Inc.*

     55,555        2,098,868  
     

 

 

 
Total Airlines        12,792,056  
Auto Components – 1.9%  

Cooper-Standard Holdings, Inc.*

     12,970        1,592,846  

Dana, Inc.

     241,190        6,213,054  

Dorman Products, Inc.*

     19,600        1,297,716  

Gentex Corp.

     200,692        4,619,930  

LCI Industries

     12,281        1,279,066  

Tenneco, Inc.

     52,174        2,862,787  

Visteon Corp.*

     14,936        1,646,545  
     

 

 

 
Total Auto Components        19,511,944  
Banks – 9.0%  

Associated Banc-Corp.

     75,112        1,866,533  

BancorpSouth Bank

     38,892        1,236,766  

Bank of Hawaii Corp.

     18,227        1,514,664  

Bank of the Ozarks, Inc.

     65,287        3,151,403  

BankUnited, Inc.

     52,388        2,094,472  

BOK Financial Corp.

     29,271        2,897,536  

Cathay General Bancorp

     38,034        1,520,599  

Chemical Financial Corp.

     28,689        1,568,715  

CIT Group, Inc.

     40,429        2,082,094  

Columbia Banking System, Inc.

     23,837        999,962  

Commerce Bancshares, Inc.

     42,497        2,545,995  

Community Bank System, Inc.

     16,510        884,276  

Cullen/Frost Bankers, Inc.

     29,795        3,160,356  

CVB Financial Corp.

     39,137        886,062  

FCB Financial Holdings, Inc. Class A*

     21,594        1,103,453  

First Citizens BancShares, Inc. Class A

     6,637        2,742,674  

First Financial Bankshares, Inc.(a)

     20,163        933,547  

First Hawaiian, Inc.

     64,042        1,782,289  

First Horizon National Corp.

     109,007        2,052,602  

First Midwest Bancorp, Inc.

     39,925        981,756  

FNB Corp.

     130,650        1,757,243  

Fulton Financial Corp.

     84,000        1,491,000  

Glacier Bancorp, Inc.

     28,664      1,100,124  

Great Western Bancorp, Inc.

     30,556        1,230,490  

Hancock Holding Co.

     34,800        1,799,160  

Hilltop Holdings, Inc.

     55,327        1,297,971  

Home BancShares, Inc.

     59,996        1,368,509  

Hope Bancorp, Inc.

     74,803        1,360,667  

Iberiabank Corp.

     19,139        1,492,842  

International Bancshares Corp.

     31,292        1,217,259  

Investors Bancorp, Inc.

     107,563        1,467,159  

MB Financial, Inc.

     37,421        1,514,802  

Old National Bancorp

     67,723        1,144,519  

PacWest Bancorp

     63,061        3,123,411  

People’s United Financial, Inc.

     130,751        2,439,814  

Pinnacle Financial Partners, Inc.

     23,260        1,493,292  

Popular, Inc.

     47,491        1,976,575  

Prosperity Bancshares, Inc.

     33,394        2,425,406  

ServisFirst Bancshares, Inc.

     19,410        792,316  

Signature Bank*

     23,579        3,347,039  

Simmons First National Corp. Class A

     31,099        884,767  

South State Corp.

     10,245        873,899  

Sterling Bancorp

     56,099        1,265,032  

Synovus Financial Corp.

     52,181        2,605,919  

TCF Financial Corp.

     77,404        1,765,585  

Texas Capital Bancshares, Inc.*

     17,879        1,607,322  

Trustmark Corp.

     29,448        917,600  

UMB Financial Corp.

     20,600        1,491,234  

Umpqua Holdings Corp.

     91,130        1,951,093  

United Bankshares, Inc.

     41,481        1,462,205  

Valley National Bancorp

     125,665        1,565,786  

Webster Financial Corp.

     34,838        1,930,025  

Western Alliance Bancorp*

     43,655        2,536,792  

Wintrust Financial Corp.

     23,457        2,018,475  
     

 

 

 
Total Banks        92,721,086  
Beverages – 0.1%  

National Beverage Corp.

     12,868        1,145,509  
Biotechnology – 0.8%  

Ionis Pharmaceuticals, Inc.*

     3,271        144,186  

Ligand Pharmaceuticals, Inc.*(a)

     1,530        252,695  

Myriad Genetics, Inc.*

     34,329        1,014,422  

United Therapeutics Corp.*

     59,260        6,658,453  
     

 

 

 
Total Biotechnology        8,069,756  
Building Products – 1.1%  

Armstrong World Industries, Inc.*

     25,926        1,459,634  

Builders FirstSource, Inc.*

     48,821        968,609  

JELD-WEN Holding, Inc.*

     105,215        3,221,683  

Simpson Manufacturing Co., Inc.

     18,150        1,045,258  

Trex Co., Inc.*

     8,945        972,948  

Universal Forest Products, Inc.

     31,024        1,006,729  

USG Corp.*

     57,117        2,308,669  
     

 

 

 
Total Building Products        10,983,530  
Capital Markets – 1.6%  

BGC Partners, Inc. Class A

     70,990        954,816  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      47  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Earnings Fund (EZM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Cohen & Steers, Inc.

     17,834      $ 725,130  

Eaton Vance Corp.

     41,133        2,289,874  

Evercore, Inc. Class A

     17,645        1,538,644  

Federated Investors, Inc. Class B

     48,731        1,627,615  

Interactive Brokers Group, Inc. Class A

     11,339        762,434  

Legg Mason, Inc.

     52,486        2,133,556  

LPL Financial Holdings, Inc.

     32,484        1,983,798  

MarketAxess Holdings, Inc.

     6,270        1,363,349  

Morningstar, Inc.

     14,961        1,429,075  

Stifel Financial Corp.

     30,229        1,790,464  
     

 

 

 
Total Capital Markets        16,598,755  
Chemicals – 2.5%  

Balchem Corp.

     8,778        717,602  

Cabot Corp.

     45,830        2,553,648  

H.B. Fuller Co.

     21,757        1,081,976  

Ingevity Corp.*

     14,168        1,044,040  

Kronos Worldwide, Inc.

     147,269        3,328,279  

Minerals Technologies, Inc.

     25,716        1,721,686  

NewMarket Corp.

     6,725        2,701,298  

Olin Corp.

     24,946        758,109  

PolyOne Corp.

     42,331        1,799,914  

Quaker Chemical Corp.

     3,271        484,533  

RPM International, Inc.

     57,494        2,740,739  

Scotts Miracle-Gro Co. (The)

     21,603        1,852,457  

Sensient Technologies Corp.

     15,681        1,106,765  

Valvoline, Inc.

     139,256        3,081,735  

W.R. Grace & Co.

     20,084        1,229,743  
     

 

 

 
Total Chemicals        26,202,524  
Commercial Services & Supplies – 1.3%  

ABM Industries, Inc.

     24,663        825,717  

Brink’s Co. (The)

     11,942        852,062  

Clean Harbors, Inc.*

     924        45,100  

Deluxe Corp.

     34,368        2,543,576  

Healthcare Services Group, Inc.

     19,017        826,859  

KAR Auction Services, Inc.

     51,577        2,795,473  

MSA Safety, Inc.

     13,783        1,147,297  

Stericycle, Inc.*

     41,726        2,442,223  

Tetra Tech, Inc.

     27,644        1,353,174  

UniFirst Corp.

     4,762        769,777  
     

 

 

 
Total Commercial Services & Supplies        13,601,258  
Communications Equipment – 1.3%  

Ciena Corp.*

     74,014        1,916,963  

CommScope Holding Co., Inc.*

     56,884        2,273,653  

EchoStar Corp. Class A*

     21,357        1,127,009  

Finisar Corp.*(a)

     150,653        2,381,824  

InterDigital, Inc.

     37,473        2,758,013  

NetScout Systems, Inc.*

     5,690        149,931  

Ubiquiti Networks, Inc.*(a)

     44,564        3,066,003  
     

 

 

 
Total Communications Equipment        13,673,396  
Construction & Engineering – 1.8%  

AECOM*

     98,470        3,508,486  

Dycom Industries, Inc.*

     13,724        1,477,114  

EMCOR Group, Inc.

     30,376      2,367,202  

Fluor Corp.

     45,210        2,586,916  

Granite Construction, Inc.

     9,123        509,611  

KBR, Inc.

     41,632        674,022  

MasTec, Inc.*

     56,717        2,668,535  

Quanta Services, Inc.*

     82,528        2,834,837  

Valmont Industries, Inc.

     12,678        1,854,791  
     

 

 

 
Total Construction & Engineering        18,481,514  
Construction Materials – 0.3%  

Eagle Materials, Inc.

     20,142        2,075,633  

Summit Materials, Inc. Class A*

     26,191        793,064  
     

 

 

 
Total Construction Materials        2,868,697  
Consumer Finance – 1.8%  

Credit Acceptance Corp.*(a)

     10,020        3,310,708  

FirstCash, Inc.

     14,150        1,149,688  

Green Dot Corp. Class A*

     10,143        650,775  

Navient Corp.

     354,037        4,644,965  

OneMain Holdings, Inc.*

     54,020        1,617,359  

Santander Consumer USA Holdings, Inc.

     314,680        5,129,284  

SLM Corp.*

     210,492        2,359,615  
     

 

 

 
Total Consumer Finance        18,862,394  
Containers & Packaging – 1.3%  

AptarGroup, Inc.

     28,362        2,547,758  

Bemis Co., Inc.

     45,796        1,993,042  

Graphic Packaging Holding Co.

     116,320        1,785,512  

Owens-Illinois, Inc.*

     117,700        2,549,382  

Silgan Holdings, Inc.

     57,916        1,612,961  

Sonoco Products Co.

     56,818        2,755,673  
     

 

 

 
Total Containers & Packaging        13,244,328  
Distributors – 0.2%  

Pool Corp.

     14,509        2,121,506  
Diversified Consumer Services – 2.0%  

Adtalem Global Education, Inc.*

     27,694        1,316,850  

Bright Horizons Family Solutions, Inc.*

     14,859        1,481,739  

Graham Holdings Co. Class B

     2,554        1,538,147  

Grand Canyon Education, Inc.*

     21,618        2,268,161  

H&R Block, Inc.

     170,483        4,331,973  

Service Corp. International

     111,020        4,189,895  

ServiceMaster Global Holdings, Inc.*

     52,400        2,664,540  

Sotheby’s*

     23,079        1,184,183  

Weight Watchers International, Inc.*

     26,870        1,712,156  
     

 

 

 
Total Diversified Consumer Services        20,687,644  
Diversified Telecommunication Services – 0.0%  

Vonage Holdings Corp.*

     19,825        211,136  
Electric Utilities – 1.5%  

ALLETE, Inc.

     25,441        1,838,112  

El Paso Electric Co.

     18,426        939,726  

Great Plains Energy, Inc.

     13,293        422,585  

Hawaiian Electric Industries, Inc.

     52,024        1,788,585  

IDACORP, Inc.

     23,593        2,082,554  

MGE Energy, Inc.

     13,242        742,876  

 

See Notes to Financial Statements.

 

48   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Earnings Fund (EZM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

OGE Energy Corp.

     124,683      $ 4,085,862  

PNM Resources, Inc.

     39,960        1,528,470  

Portland General Electric Co.

     46,928        1,901,053  
     

 

 

 
Total Electric Utilities        15,329,823  
Electrical Equipment – 1.1%  

Acuity Brands, Inc.

     21,091        2,935,656  

EnerSys

     33,035        2,291,638  

Generac Holdings, Inc.*

     28,027        1,286,720  

Hubbell, Inc.

     24,630        2,999,442  

Regal Beloit Corp.

     30,718        2,253,165  
     

 

 

 
Total Electrical Equipment        11,766,621  
Electronic Equipment, Instruments & Components – 3.3%  

Anixter International, Inc.*

     23,412        1,773,459  

Arrow Electronics, Inc.*

     73,888        5,690,854  

Avnet, Inc.

     72,999        3,048,438  

AVX Corp.

     94,011        1,555,882  

Belden, Inc.

     8,017        552,692  

Coherent, Inc.*

     7,863        1,473,526  

Dolby Laboratories, Inc. Class A

     36,225        2,302,461  

FLIR Systems, Inc.

     53,352        2,668,134  

II-VI, Inc.*

     24,990        1,022,091  

Itron, Inc.*

     9,813        702,120  

Jabil, Inc.

     51,582        1,481,951  

Littelfuse, Inc.

     9,010        1,875,702  

National Instruments Corp.

     27,541        1,392,748  

Rogers Corp.*

     6,125        732,182  

Sanmina Corp.*

     49,936        1,305,826  

SYNNEX Corp.

     24,967        2,956,093  

Tech Data Corp.*

     19,232        1,637,220  

Vishay Intertechnology, Inc.

     56,826        1,056,964  

Zebra Technologies Corp. Class A*

     3,237        450,558  
     

 

 

 
Total Electronic Equipment, Instruments & Components        33,678,901  
Energy Equipment & Services – 0.2%  

Diamond Offshore Drilling, Inc.*(a)

     88,348        1,295,182  

RPC, Inc.(a)

     37,677        679,316  

U.S. Silica Holdings, Inc.(a)

     22,238        567,514  
     

 

 

 
Total Energy Equipment & Services        2,542,012  
Equity Real Estate Investment Trusts (REITs) – 8.1%  

Acadia Realty Trust

     18,902        464,989  

Alexander’s, Inc.

     1,760        670,965  

American Campus Communities, Inc.

     10,693        412,964  

American Homes 4 Rent Class A

     1,302        26,144  

Apartment Investment & Management Co. Class A

     38,824        1,582,078  

Apple Hospitality REIT, Inc.

     96,876        1,702,111  

Brandywine Realty Trust

     12,073        191,719  

Brixmor Property Group, Inc.

     152,333        2,323,078  

Columbia Property Trust, Inc.

     78,286        1,601,732  

CoreCivic, Inc.

     72,324        1,411,765  

CoreSite Realty Corp.

     4,505        451,671  

Corporate Office Properties Trust

     17,845        460,936  

Cousins Properties, Inc.

     205,202        1,781,153  

CubeSmart

     35,106        989,989  

DCT Industrial Trust, Inc.

     14,165      798,056  

DiamondRock Hospitality Co.

     68,117        711,141  

Douglas Emmett, Inc.

     17,133        629,809  

EastGroup Properties, Inc.

     7,488        618,958  

Education Realty Trust, Inc.

     8,026        262,852  

Empire State Realty Trust, Inc. Class A

     24,160        405,646  

EPR Properties

     29,112        1,612,805  

Equity Commonwealth*

     15,756        483,237  

First Industrial Realty Trust, Inc.

     32,769        957,838  

Forest City Realty Trust, Inc. Class A

     41,332        837,386  

GEO Group, Inc. (The)

     53,595        1,097,090  

Gramercy Property Trust

     18,971        412,240  

Healthcare Realty Trust, Inc.

     29,599        820,188  

Healthcare Trust of America, Inc. Class A

     10,329        273,202  

Highwoods Properties, Inc.

     25,031        1,096,858  

Hospitality Properties Trust

     64,651        1,638,256  

Hudson Pacific Properties, Inc.

     13,088        425,753  

Kilroy Realty Corp.

     16,350        1,160,196  

Lamar Advertising Co. Class A

     33,547        2,135,602  

LaSalle Hotel Properties

     54,417        1,578,637  

Lexington Realty Trust

     54,513        429,017  

Liberty Property Trust

     65,377        2,597,428  

Life Storage, Inc.

     9,106        760,533  

Medical Properties Trust, Inc.

     158,806        2,064,478  

National Health Investors, Inc.

     17,310        1,164,790  

National Retail Properties, Inc.

     40,748        1,599,767  

Omega Healthcare Investors, Inc.(a)

     48,999        1,324,933  

Outfront Media, Inc.

     41,241        772,856  

Paramount Group, Inc.

     46,737        665,535  

Park Hotels & Resorts, Inc.

     759,589        20,524,095  

Pebblebrook Hotel Trust

     20,613        708,057  

Physicians Realty Trust

     15,412        239,965  

Piedmont Office Realty Trust, Inc. Class A

     81,098        1,426,514  

PS Business Parks, Inc.

     5,228        590,973  

QTS Realty Trust, Inc. Class A

     3,106        112,499  

Rayonier, Inc.

     35,636        1,253,675  

Retail Properties of America, Inc. Class A

     98,918        1,153,384  

Rexford Industrial Realty, Inc.

     7,334        211,146  

RLJ Lodging Trust

     54,524        1,059,947  

Ryman Hospitality Properties, Inc.

     18,561        1,437,549  

Sabra Health Care REIT, Inc.

     28,063        495,312  

Select Income REIT

     29,570        576,024  

Senior Housing Properties Trust

     56,430        883,694  

Spirit Realty Capital, Inc.

     42,720        331,507  

STAG Industrial, Inc.

     12,218        292,255  

STORE Capital Corp.

     50,115        1,243,854  

Sun Communities, Inc.

     4,989        455,845  

Sunstone Hotel Investors, Inc.

     69,164        1,052,676  

Tanger Factory Outlet Centers, Inc.

     20,236        445,192  

Taubman Centers, Inc.

     9,192        523,117  

Urban Edge Properties

     34,565        737,963  

W.P. Carey, Inc.

     29,189        1,809,426  

Washington Real Estate Investment Trust

     6,400        174,720  

Weingarten Realty Investors

     53,868        1,512,613  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      49  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Earnings Fund (EZM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Xenia Hotels & Resorts, Inc.

     54,343      $ 1,071,644  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)        83,730,027  
Food & Staples Retailing – 0.9%  

Casey’s General Stores, Inc.

     14,884        1,633,817  

Performance Food Group Co.*

     38,533        1,150,210  

PriceSmart, Inc.

     11,705        977,953  

Sprouts Farmers Market, Inc.*

     63,560        1,491,753  

U.S. Foods Holding Corp.*

     95,721        3,136,777  

United Natural Foods, Inc.*

     29,128        1,250,756  
     

 

 

 
Total Food & Staples Retailing        9,641,266  
Food Products – 1.6%  

B&G Foods, Inc.(a)

     34,373        814,640  

Blue Buffalo Pet Products, Inc.*

     61,427        2,445,409  

Darling Ingredients, Inc.*

     36,824        637,055  

Flowers Foods, Inc.

     62,692        1,370,447  

Hain Celestial Group, Inc. (The)*

     24,107        773,111  

J&J Snack Foods Corp.

     5,828        795,872  

Lancaster Colony Corp.

     9,429        1,161,087  

Pinnacle Foods, Inc.

     34,545        1,868,885  

Post Holdings, Inc.*

     4,751        359,936  

Sanderson Farms, Inc.

     18,347        2,183,660  

Seaboard Corp.

     845        3,603,925  
     

 

 

 
Total Food Products        16,014,027  
Gas Utilities – 1.1%  

National Fuel Gas Co.

     55,098        2,834,792  

New Jersey Resources Corp.

     33,767        1,354,057  

ONE Gas, Inc.

     22,686        1,497,730  

South Jersey Industries, Inc.

     13,496        380,047  

Southwest Gas Holdings, Inc.

     21,833        1,476,566  

Spire, Inc.

     22,365        1,616,990  

WGL Holdings, Inc.

     25,433        2,127,470  
     

 

 

 
Total Gas Utilities        11,287,652  
Health Care Equipment & Supplies – 1.1%  

Cantel Medical Corp.

     7,906        880,807  

Globus Medical, Inc. Class A*

     30,803        1,534,606  

Haemonetics Corp.*

     8,479        620,324  

Halyard Health, Inc.*

     13,800        635,904  

Hill-Rom Holdings, Inc.

     17,101        1,487,787  

ICU Medical, Inc.*

     1,603        404,597  

Inogen, Inc.*

     2,358        289,657  

Integra LifeSciences Holdings Corp.*

     11,331        627,058  

Masimo Corp.*

     21,122        1,857,680  

Merit Medical Systems, Inc.*

     6,961        315,681  

Neogen Corp.*

     8,270        554,007  

NuVasive, Inc.*

     12,100        631,741  

West Pharmaceutical Services, Inc.

     21,521        1,900,089  
     

 

 

 
Total Health Care Equipment & Supplies        11,739,938  
Health Care Providers & Services – 1.4%  

Acadia Healthcare Co., Inc.*(a)

     59,028        2,312,717  

AMN Healthcare Services, Inc.*

     26,108        1,481,629  

Chemed Corp.

     6,169        1,683,273  

Encompass Health Corp.

     59,483        3,400,643  

HealthEquity, Inc.*

     10,355      626,892  

MEDNAX, Inc.*

     57,182        3,181,035  

Patterson Cos., Inc.

     50,204        1,116,035  

Select Medical Holdings Corp.*

     59,003        1,017,802  
     

 

 

 
Total Health Care Providers & Services        14,820,026  
Health Care Technology – 0.4%  

athenahealth, Inc.*

     2,505        358,290  

Cotiviti Holdings, Inc.*

     33,149        1,141,652  

Medidata Solutions, Inc.*

     6,625        416,116  

Veeva Systems, Inc. Class A*

     23,633        1,725,682  
     

 

 

 
Total Health Care Technology        3,641,740  
Hotels, Restaurants & Leisure – 3.5%  

Boyd Gaming Corp.

     33,706        1,073,873  

Cheesecake Factory, Inc. (The)(a)

     30,848        1,487,491  

Choice Hotels International, Inc.

     21,561        1,728,114  

Churchill Downs, Inc.

     6,234        1,521,408  

Cracker Barrel Old Country Store, Inc.(a)

     13,863        2,206,990  

Dave & Buster’s Entertainment, Inc.*

     23,314        973,126  

Dunkin’ Brands Group, Inc.

     39,435        2,353,875  

Extended Stay America, Inc.

     106,294        2,101,432  

Hilton Grand Vacations, Inc.*

     47,230        2,031,835  

Hyatt Hotels Corp. Class A

     32,245        2,459,004  

ILG, Inc.

     49,025        1,525,168  

Jack in the Box, Inc.

     15,004        1,280,291  

Marriott Vacations Worldwide Corp.

     13,872        1,847,750  

Penn National Gaming, Inc.*

     325,543        8,548,759  

Planet Fitness, Inc. Class A*

     16,889        637,897  

Six Flags Entertainment Corp.

     30,646        1,908,020  

Texas Roadhouse, Inc.

     29,395        1,698,443  

Wendy’s Co. (The)

     47,172        827,869  
     

 

 

 
Total Hotels, Restaurants & Leisure        36,211,345  
Household Durables – 1.2%  

Installed Building Products, Inc.*

     6,484        389,364  

KB Home

     47,385        1,348,103  

Leggett & Platt, Inc.

     82,817        3,673,762  

Meritage Homes Corp.*

     34,355        1,554,564  

Tempur Sealy International, Inc.*

     32,031        1,450,684  

TopBuild Corp.*

     12,750        975,630  

TRI Pointe Group, Inc.*

     108,182        1,777,430  

Tupperware Brands Corp.

     31,775        1,537,275  
     

 

 

 
Total Household Durables        12,706,812  
Household Products – 0.6%  

Energizer Holdings, Inc.

     47,094        2,805,860  

Spectrum Brands Holdings, Inc.(a)

     29,097        3,017,359  
     

 

 

 
Total Household Products        5,823,219  
Independent Power & Renewable Electricity Producers – 0.1%  

Ormat Technologies, Inc.

     20,707        1,167,461  
Industrial Conglomerates – 0.3%  

Carlisle Cos., Inc.

     31,949        3,335,795  
Insurance – 2.6%  

American Equity Investment Life Holding Co.

     66,569        1,954,466  

 

See Notes to Financial Statements.

 

50   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Earnings Fund (EZM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

American National Insurance Co.

     14,284      $ 1,670,656  

Assurant, Inc.

     19,900        1,819,059  

Brown & Brown, Inc.

     80,400        2,045,376  

CNO Financial Group, Inc.

     158,006        3,423,990  

Erie Indemnity Co. Class A

     14,558        1,712,603  

First American Financial Corp.

     41,781        2,451,709  

Hanover Insurance Group, Inc. (The)

     9,794        1,154,615  

Kemper Corp.

     13,860        790,020  

Mercury General Corp.

     15,471        709,655  

National General Holdings Corp.

     43,314        1,052,963  

Old Republic International Corp.

     158,397        3,397,616  

Primerica, Inc.

     18,912        1,826,899  

ProAssurance Corp.

     19,655        954,250  

RLI Corp.

     11,802        748,129  

Selective Insurance Group, Inc.

     25,014        1,518,350  
     

 

 

 
Total Insurance        27,230,356  
Internet & Catalog Retail – 0.1%  

TripAdvisor, Inc.*

     21,394        874,801  
Internet Software & Services – 0.5%  

GoDaddy, Inc. Class A*

     5,149        316,252  

GrubHub, Inc.*

     9,800        994,406  

j2 Global, Inc.

     19,794        1,562,142  

LogMeIn, Inc.

     766        88,511  

Stamps.com, Inc.*(a)

     9,077        1,824,931  

Yelp, Inc.*

     4,788        199,899  
     

 

 

 
Total Internet Software & Services        4,986,141  
IT Services – 3.8%  

Black Knight, Inc.*

     11,571        544,994  

Booz Allen Hamilton Holding Corp.

     79,601        3,082,151  

CACI International, Inc. Class A*

     14,262        2,158,554  

Convergys Corp.

     61,985        1,402,101  

CoreLogic, Inc.*

     22,379        1,012,202  

CSRA, Inc.

     121,404        5,005,487  

DST Systems, Inc.

     76,357        6,387,263  

EPAM Systems, Inc.*

     14,028        1,606,487  

Euronet Worldwide, Inc.*

     24,727        1,951,455  

First Data Corp. Class A*

     481,540        7,704,640  

MAXIMUS, Inc.

     32,774        2,187,337  

Sabre Corp.

     94,799        2,033,438  

Science Applications International Corp.

     23,048        1,816,182  

Teradata Corp.*

     19,248        763,568  

WEX, Inc.*

     7,399        1,158,831  
     

 

 

 
Total IT Services        38,814,690  
Leisure Products – 0.3%  

Brunswick Corp.

     56,899        3,379,232  
Life Sciences Tools & Services – 0.6%  

Bio-Rad Laboratories, Inc. Class A*

     1,511        377,871  

Bio-Techne Corp.

     6,398        966,354  

Bruker Corp.

     48,237        1,443,251  

Charles River Laboratories International, Inc.*

     21,161        2,258,725  

PRA Health Sciences, Inc.*

     15,768        1,308,113  
     

 

 

 
Total Life Sciences Tools & Services        6,354,314  
Machinery – 5.3%  

AGCO Corp.

     31,795      2,061,906  

Allison Transmission Holdings, Inc.

     94,523        3,692,068  

Barnes Group, Inc.

     26,682        1,597,985  

Colfax Corp.*

     53,298        1,700,206  

Crane Co.

     17,679        1,639,551  

Donaldson Co., Inc.

     53,786        2,423,059  

Flowserve Corp.

     45,146        1,956,176  

Graco, Inc.

     53,539        2,447,803  

Hillenbrand, Inc.

     30,910        1,418,769  

ITT, Inc.

     43,203        2,116,083  

John Bean Technologies Corp.

     8,549        969,457  

Kennametal, Inc.

     26,831        1,077,533  

Lincoln Electric Holdings, Inc.

     33,573        3,019,891  

Meritor, Inc.*

     148,920        3,061,795  

Middleby Corp. (The)*

     27,226        3,370,307  

Nordson Corp.

     25,788        3,515,936  

Oshkosh Corp.

     36,234        2,799,801  

Proto Labs, Inc.*

     5,675        667,096  

RBC Bearings, Inc.*

     6,465        802,953  

Rexnord Corp.*

     31,092        922,811  

Timken Co. (The)

     45,577        2,078,311  

Toro Co. (The)

     44,981        2,809,064  

Trinity Industries, Inc.

     71,215        2,323,745  

Wabtec Corp.(a)

     36,976        3,009,846  

Welbilt, Inc.*

     45,161        878,381  

Woodward, Inc.

     29,898        2,142,491  
     

 

 

 
Total Machinery        54,503,024  
Marine – 0.1%  

Kirby Corp.*

     19,714        1,516,992  
Media – 4.4%  

AMC Networks, Inc. Class A*

     71,472        3,695,102  

Cable One, Inc.

     1,933        1,328,184  

Cinemark Holdings, Inc.(a)

     76,167        2,869,211  

Discovery Communications, Inc. Class A*(a)

     422,604        9,056,404  

GCI Liberty, Inc. Class A*

     155,297        8,208,999  

John Wiley & Sons, Inc. Class A

     16,223        1,033,405  

Liberty Media Corp – Liberty Formula One Series C*

     113,472        3,500,611  

Liberty Media Corp – Liberty SiriusXM Class A*

     145,542        5,981,776  

Meredith Corp.

     29,800        1,603,240  

New York Times Co. (The) Class A

     64,402        1,552,088  

Nexstar Media Group, Inc. Class A(a)

     17,942        1,193,143  

Sinclair Broadcast Group, Inc. Class A(a)

     79,703        2,494,704  

TEGNA, Inc.

     229,509        2,614,108  
     

 

 

 
Total Media        45,130,975  
Metals & Mining – 1.5%  

Alcoa Corp.*

     78,243        3,517,805  

Allegheny Technologies, Inc.*(a)

     13,865        328,323  

Carpenter Technology Corp.

     16,487        727,406  

Commercial Metals Co.

     18,719        382,991  

Compass Minerals International, Inc.(a)

     23,955        1,444,487  

Reliance Steel & Aluminum Co.

     50,679        4,345,217  

Royal Gold, Inc.

     13,433        1,153,492  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      51  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Earnings Fund (EZM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

United States Steel Corp.

     41,146      $ 1,447,928  

Worthington Industries, Inc.

     49,074        2,106,256  
     

 

 

 
Total Metals & Mining        15,453,905  
Multi-Utilities – 1.3%  

Avista Corp.

     27,759        1,422,649  

Black Hills Corp.

     27,464        1,491,295  

MDU Resources Group, Inc.

     93,848        2,642,760  

NorthWestern Corp.

     28,249        1,519,796  

SCANA Corp.

     110,459        4,147,735  

Vectren Corp.

     35,976        2,299,586  
     

 

 

 
Total Multi-Utilities        13,523,821  
Multiline Retail – 1.7%  

Big Lots, Inc.(a)

     32,072        1,396,094  

Macy’s, Inc.

     302,972        9,010,387  

Nordstrom, Inc.

     125,448        6,072,938  

Ollie’s Bargain Outlet Holdings, Inc.*

     16,450        991,935  
     

 

 

 
Total Multiline Retail        17,471,354  
Oil, Gas & Consumable Fuels – 1.6%  

Callon Petroleum Co.*(a)

     92,246        1,221,337  

CVR Energy, Inc.(a)

     12,556        379,442  

Delek U.S. Holdings, Inc.

     14,740        599,918  

Gulfport Energy Corp.*

     30,749        296,728  

Laredo Petroleum, Inc.*

     130,568        1,137,247  

Matador Resources Co.*

     78,324        2,342,671  

Newfield Exploration Co.*

     132,162        3,227,396  

Parsley Energy, Inc. Class A*

     10,394        301,322  

PBF Energy, Inc. Class A

     75,383        2,555,484  

RSP Permian, Inc.*

     28,050        1,314,984  

Southwestern Energy Co.*

     644,758        2,791,802  
     

 

 

 
Total Oil, Gas & Consumable Fuels        16,168,331  
Paper & Forest Products – 0.5%  

Domtar Corp.

     40,283        1,713,639  

Louisiana-Pacific Corp.

     125,247        3,603,356  
     

 

 

 
Total Paper & Forest Products        5,316,995  
Personal Products – 0.4%  

Edgewell Personal Care Co.*

     39,324        1,919,797  

Nu Skin Enterprises, Inc. Class A

     24,608        1,813,856  
     

 

 

 
Total Personal Products        3,733,653  
Pharmaceuticals – 0.3%  

Akorn, Inc.*

     25,114        469,883  

Catalent, Inc.*

     30,656        1,258,736  

Prestige Brands Holdings, Inc.*(a)

     26,160        882,115  
     

 

 

 
Total Pharmaceuticals        2,610,734  
Professional Services – 1.2%  

ASGN, Inc.*

     20,037        1,640,629  

Dun & Bradstreet Corp. (The)

     17,597        2,058,849  

Insperity, Inc.

     14,740        1,025,167  

Korn/Ferry International

     28,886        1,490,229  

Robert Half International, Inc.

     66,075        3,825,082  

TriNet Group, Inc.*

     34,550        1,600,356  

WageWorks, Inc.*

     7,831        353,961  
     

 

 

 
Total Professional Services        11,994,273  
Real Estate Management & Development – 0.6%  

Howard Hughes Corp. (The)*

     4,233      588,937  

Jones Lang LaSalle, Inc.

     19,090        3,333,877  

Kennedy-Wilson Holdings, Inc.

     5,679        98,815  

Realogy Holdings Corp.(a)

     71,435        1,948,747  
     

 

 

 
Total Real Estate Management & Development        5,970,376  
Road & Rail – 1.3%  

AMERCO

     9,617        3,318,827  

Avis Budget Group, Inc.*(a)

     32,452        1,520,052  

Genesee & Wyoming, Inc. Class A*

     19,952        1,412,402  

Knight-Swift Transportation Holdings, Inc.

     15,866        729,995  

Landstar System, Inc.

     16,085        1,763,720  

Ryder System, Inc.

     26,521        1,930,463  

Schneider National, Inc. Class B

     64,582        1,683,007  

Werner Enterprises, Inc.

     24,132        880,818  
     

 

 

 
Total Road & Rail        13,239,284  
Semiconductors & Semiconductor Equipment – 2.2%  

Advanced Energy Industries, Inc.*

     32,838        2,098,348  

Amkor Technology, Inc.*

     269,428        2,729,306  

Cabot Microelectronics Corp.

     10,493        1,123,905  

Cirrus Logic, Inc.*

     61,375        2,493,666  

Entegris, Inc.

     52,636        1,831,733  

Integrated Device Technology, Inc.*

     37,126        1,134,571  

Microsemi Corp.*

     38,337        2,481,171  

MKS Instruments, Inc.

     37,076        4,287,839  

Monolithic Power Systems, Inc.

     7,001        810,506  

Power Integrations, Inc.

     8,458        578,104  

Semtech Corp.*

     14,332        559,665  

Silicon Laboratories, Inc.*

     9,295        835,620  

Versum Materials, Inc.

     58,432        2,198,796  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        23,163,230  
Software – 1.4%  

ACI Worldwide, Inc.*

     35,238        835,845  

Aspen Technology, Inc.*

     27,129        2,140,207  

Blackbaud, Inc.

     6,364        647,919  

CommVault Systems, Inc.*

     489        27,971  

Ebix, Inc.(a)

     14,232        1,060,284  

Ellie Mae, Inc.*

     7,035        646,798  

Fair Isaac Corp.*

     9,088        1,539,234  

Fortinet, Inc.*

     23,164        1,241,127  

Guidewire Software, Inc.*

     2,822        228,102  

Manhattan Associates, Inc.*

     30,711        1,286,177  

Paycom Software, Inc.*(a)

     8,814        946,535  

Paylocity Holding Corp.*

     2,055        105,278  

Pegasystems, Inc.

     10,213        619,418  

PTC, Inc.*

     863        67,323  

Qualys, Inc.*

     8,560        622,740  

RealPage, Inc.*

     6,742        347,213  

Tyler Technologies, Inc.*

     8,210        1,731,982  

Ultimate Software Group, Inc. (The)*

     1,553        378,466  
     

 

 

 
Total Software        14,472,619  
Specialty Retail – 5.2%  

Aaron’s, Inc.

     39,047        1,819,590  

Advance Auto Parts, Inc.

     39,555        4,689,245  

 

See Notes to Financial Statements.

 

52   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. MidCap Earnings Fund (EZM)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

American Eagle Outfitters, Inc.

     114,975      $ 2,291,452  

AutoNation, Inc.*

     77,685        3,634,104  

Bed Bath & Beyond, Inc.

     274,641        5,764,715  

Burlington Stores, Inc.*

     26,885        3,579,738  

Children’s Place, Inc. (The)

     10,876        1,470,979  

Dick’s Sporting Goods, Inc.

     107,238        3,758,692  

Five Below, Inc.*

     13,464        987,450  

Floor & Decor Holdings, Inc. Class A*

     17,862        930,967  

Foot Locker, Inc.

     137,655        6,268,809  

Lithia Motors, Inc. Class A

     18,610        1,870,677  

Michaels Cos., Inc. (The)*

     189,880        3,742,535  

Murphy USA, Inc.*

     22,535        1,640,548  

Penske Automotive Group, Inc.

     85,508        3,790,570  

Sally Beauty Holdings, Inc.*

     141,636        2,329,912  

Urban Outfitters, Inc.*

     57,472        2,124,165  

Williams-Sonoma, Inc.(a)

     65,175        3,438,633  
     

 

 

 
Total Specialty Retail        54,132,781  
Technology Hardware, Storage & Peripherals – 0.8%  

NCR Corp.*

     81,806        2,578,525  

Xerox Corp.

     209,889        6,040,606  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        8,619,131  
Textiles, Apparel & Luxury Goods – 1.9%  

Carter’s, Inc.

     25,339        2,637,790  

Columbia Sportswear Co.

     32,111        2,454,244  

Deckers Outdoor Corp.*

     4,895        440,697  

Hanesbrands, Inc.(a)

     326,866        6,020,872  

Ralph Lauren Corp.

     9,265        1,035,827  

Skechers U.S.A., Inc. Class A*

     79,735        3,100,894  

Steven Madden Ltd.

     30,903        1,356,642  

Under Armour, Inc. Class A*(a)

     116,278        1,901,145  

Wolverine World Wide, Inc.

     21,908        633,141  
     

 

 

 
Total Textiles, Apparel & Luxury Goods        19,581,252  
Thrifts & Mortgage Finance – 1.2%  

Flagstar Bancorp, Inc.*

     30,187        1,068,620  

LendingTree, Inc.*(a)

     854        280,240  

MGIC Investment Corp.*

     238,143        3,095,859  

New York Community Bancorp, Inc.

     266,421        3,471,466  

Radian Group, Inc.

     137,352        2,615,182  

TFS Financial Corp.

     49,869        732,575  

Washington Federal, Inc.

     41,555        1,437,803  
     

 

 

 
Total Thrifts & Mortgage Finance        12,701,745  
Tobacco – 0.0%  

Vector Group Ltd.

     21,422        436,795  
Trading Companies & Distributors – 1.9%  

Air Lease Corp.

     97,620        4,160,564  

Applied Industrial Technologies, Inc.

     24,907        1,815,720  

Beacon Roofing Supply, Inc.*

     18,226        967,254  

GATX Corp.

     34,129        2,337,495  

HD Supply Holdings, Inc.*

     73,083        2,772,769  

MSC Industrial Direct Co., Inc. Class A

     28,747        2,636,387  

SiteOne Landscape Supply, Inc.*

     6,777        522,100  

Univar, Inc.*

     12,117        336,247  

Watsco, Inc.

    11,583      2,096,176  

WESCO International, Inc.*

    32,857        2,038,777  
    

 

 

 
Total Trading Companies & Distributors        19,683,489  
Transportation Infrastructure – 0.1%  

Macquarie Infrastructure Corp.

    29,658        1,095,270  
Water Utilities – 0.3%  

Aqua America, Inc.

    69,908        2,381,067  

California Water Service Group

    17,537        653,253  
    

 

 

 
Total Water Utilities        3,034,320  
Wireless Telecommunication Services – 0.0%  

Telephone & Data Systems, Inc.

    13,222        370,613  
TOTAL COMMON STOCKS
(Cost: $940,739,230)
             1,030,688,241  
EXCHANGE-TRADED FUND – 0.2%     
United States – 0.2%  
WisdomTree U.S. MidCap Dividend Fund(b)
(Cost: $2,073,717)
    61,859        2,110,629  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.8%  
United States – 2.8%     

State Street Navigator Securities Lending
Government Money Market Portfolio, 1.74%(c)

(Cost: $29,485,872)(d)

    29,485,872        29,485,872  

TOTAL INVESTMENTS IN SECURITIES – 102.6%

(Cost: $972,298,819)

 

 

     1,062,284,742  

Other Assets less Liabilities – (2.6)%

       (27,120,312
    

 

 

 
NET ASSETS – 100.0%            $ 1,035,164,430  
* Non-income producing security.

 

(a)

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d)

At March 31, 2018, the total market value of the Fund’s securities on loan was $42,859,326 and the total market value of the collateral held by the Fund was $43,919,415. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,433,543.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      53  


Table of Contents

Schedule of Investments

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2018

 

  

 

 

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

Orbital ATK, Inc.

     201      $ 26,654  

Rockwell Collins, Inc.

     269        36,275  
     

 

 

 
Total Aerospace & Defense        62,929  
Air Freight & Logistics – 0.6%  

C.H. Robinson Worldwide, Inc.

     364        34,110  
Airlines – 1.2%  

Alaska Air Group, Inc.

     342        21,190  

JetBlue Airways Corp.*

     1,079        21,925  

Southwest Airlines Co.

     460        26,349  
     

 

 

 
Total Airlines        69,464  
Auto Components – 0.4%  

Lear Corp.

     121        22,517  
Banks – 0.9%  

CIT Group, Inc.

     927        47,741  
Beverages – 1.2%  

Brown-Forman Corp. Class B

     245        13,328  

Constellation Brands, Inc. Class A

     81        18,462  

Monster Beverage Corp.*

     245        14,016  

PepsiCo, Inc.

     170        18,555  
     

 

 

 
Total Beverages        64,361  
Biotechnology – 0.4%  

United Therapeutics Corp.*

     181        20,337  
Building Products – 0.5%  

Owens Corning

     362        29,105  
Capital Markets – 0.7%  

LPL Financial Holdings, Inc.

     631        38,535  
Chemicals – 1.2%  

Eastman Chemical Co.

     234        24,706  

Monsanto Co.

     215        25,088  

Westlake Chemical Corp.

     148        16,450  
     

 

 

 
Total Chemicals        66,244  
Commercial Services & Supplies – 1.7%  

KAR Auction Services, Inc.

     636        34,471  

Republic Services, Inc.

     590        39,076  

Stericycle, Inc.*

     342        20,017  
     

 

 

 
Total Commercial Services & Supplies        93,564  
Communications Equipment – 2.5%  

CommScope Holding Co., Inc.*

     931        37,212  

F5 Networks, Inc.*

     304        43,962  

Motorola Solutions, Inc.

     540        56,862  
     

 

 

 
Total Communications Equipment        138,036  
Construction & Engineering – 0.5%  

EMCOR Group, Inc.

     389        30,315  
Consumer Finance – 1.5%  

Ally Financial, Inc.

     1,665        45,205  

Credit Acceptance Corp.*(a)

     118        38,988  
     

 

 

 
Total Consumer Finance        84,193  
Containers & Packaging – 1.3%  

Ball Corp.

     582      23,111  

Berry Global Group, Inc.*

     481        26,364  

Graphic Packaging Holding Co.

     1,466        22,503  
     

 

 

 
Total Containers & Packaging        71,978  
Diversified Consumer Services – 1.7%  

Bright Horizons Family Solutions, Inc.*

     334        33,306  

Grand Canyon Education, Inc.*

     225        23,607  

H&R Block, Inc.

     680        17,279  

ServiceMaster Global Holdings, Inc.*

     460        23,391  
     

 

 

 
Total Diversified Consumer Services        97,583  
Diversified Telecommunication Services – 1.2%  

Verizon Communications, Inc.

     1,400        66,948  
Electric Utilities – 1.5%  

Alliant Energy Corp.

     142        5,802  

American Electric Power Co., Inc.

     89        6,104  

Duke Energy Corp.

     78        6,043  

Entergy Corp.

     72        5,672  

Eversource Energy

     93        5,480  

Exelon Corp.

     165        6,437  

FirstEnergy Corp.

     141        4,795  

Great Plains Energy, Inc.

     186        5,913  

IDACORP, Inc.

     65        5,738  

NextEra Energy, Inc.

     36        5,880  

PG&E Corp.

     83        3,646  

Pinnacle West Capital Corp.

     71        5,666  

Southern Co. (The)

     135        6,029  

Westar Energy, Inc.

     106        5,574  

Xcel Energy, Inc.

     135        6,140  
     

 

 

 
Total Electric Utilities        84,919  
Electrical Equipment – 0.3%  

Acuity Brands, Inc.

     127        17,677  
Electronic Equipment, Instruments & Components – 1.6%  

CDW Corp.

     788        55,404  

Zebra Technologies Corp. Class A*

     261        36,329  
     

 

 

 
Total Electronic Equipment, Instruments & Components        91,733  
Equity Real Estate Investment Trusts (REITs) – 1.0%  

Park Hotels & Resorts, Inc.

     2,107        56,931  
Food & Staples Retailing – 1.4%  

Costco Wholesale Corp.

     78        14,698  

CVS Health Corp.

     186        11,571  

Kroger Co. (The)

     339        8,116  

Sysco Corp.

     281        16,849  

U.S. Foods Holding Corp.*

     430        14,091  

Walmart, Inc.

     154        13,701  
     

 

 

 
Total Food & Staples Retailing        79,026  
Food Products – 3.4%  

Campbell Soup Co.

     286        12,387  

Conagra Brands, Inc.

     475        17,518  

Flowers Foods, Inc.

     806        17,619  

Hershey Co. (The)

     184        18,209  

Hormel Foods Corp.

     466        15,993  

 

See Notes to Financial Statements.

 

54   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Ingredion, Inc.

     143      $ 18,436  

J.M. Smucker Co. (The)

     114        14,137  

Kellogg Co.

     237        15,407  

Lamb Weston Holdings, Inc.

     318        18,514  

Pilgrim’s Pride Corp.*

     458        11,271  

Post Holdings, Inc.*

     189        14,319  

Tyson Foods, Inc. Class A

     247        18,078  
     

 

 

 
Total Food Products        191,888  
Gas Utilities – 0.3%  

Atmos Energy Corp.

     71        5,981  

UGI Corp.

     126        5,597  

WGL Holdings, Inc.

     69        5,772  
     

 

 

 
Total Gas Utilities        17,350  
Health Care Equipment & Supplies – 2.1%  

Cooper Cos., Inc. (The)

     119        27,228  

Globus Medical, Inc. Class A*

     484        24,113  

Hill-Rom Holdings, Inc.

     395        34,365  

Zimmer Biomet Holdings, Inc.

     266        29,005  
     

 

 

 
Total Health Care Equipment & Supplies        114,711  
Health Care Providers & Services – 8.6%  

Aetna, Inc.

     187        31,603  

Anthem, Inc.

     145        31,856  

Cardinal Health, Inc.

     344        21,562  

Centene Corp.*

     226        24,153  

Chemed Corp.

     115        31,379  

DaVita, Inc.*

     306        20,178  

Encompass Health Corp.

     530        30,300  

Express Scripts Holding Co.*

     369        25,491  

HCA Healthcare, Inc.

     272        26,384  

Humana, Inc.

     135        36,292  

Laboratory Corp. of America Holdings*

     222        35,908  

McKesson Corp.

     171        24,089  

MEDNAX, Inc.*

     371        20,639  

Quest Diagnostics, Inc.

     341        34,202  

UnitedHealth Group, Inc.

     151        32,314  

Universal Health Services, Inc. Class B

     218        25,813  

WellCare Health Plans, Inc.*

     147        28,464  
     

 

 

 
Total Health Care Providers & Services        480,627  
Health Care Technology – 0.5%  

Cerner Corp.*

     459        26,622  
Hotels, Restaurants & Leisure – 1.3%  

Darden Restaurants, Inc.

     249        21,227  

Hilton Grand Vacations, Inc.*

     547        23,532  

Starbucks Corp.

     513        29,698  
     

 

 

 
Total Hotels, Restaurants & Leisure        74,457  
Household Products – 1.0%  

Church & Dwight Co., Inc.

     365        18,381  

Colgate-Palmolive Co.

     253        18,135  

Kimberly-Clark Corp.

     157        17,291  
     

 

 

 
Total Household Products        53,807  
Industrial Conglomerates – 0.7%  

Carlisle Cos., Inc.

     350        36,544  
Insurance – 12.3%  

Aflac, Inc.

     1,568      68,616  

Allstate Corp. (The)

     665        63,042  

American Financial Group, Inc.

     516        57,906  

First American Financial Corp.

     1,137        66,719  

Hanover Insurance Group, Inc. (The)

     568        66,961  

Loews Corp.

     1,263        62,809  

Primerica, Inc.

     410        39,606  

Progressive Corp. (The)

     1,076        65,561  

Reinsurance Group of America, Inc.

     392        60,368  

Torchmark Corp.

     803        67,588  

W.R. Berkley Corp.

     923        67,102  
     

 

 

 
Total Insurance        686,278  
Internet Software & Services – 1.1%  

Akamai Technologies, Inc.*

     492        34,922  

GrubHub, Inc.*

     273        27,701  
     

 

 

 
Total Internet Software & Services        62,623  
IT Services – 14.3%  

Booz Allen Hamilton Holding Corp.

     1,045        40,462  

Broadridge Financial Solutions, Inc.

     608        66,692  

Cognizant Technology Solutions Corp. Class A

     752        60,536  

DST Systems, Inc.

     467        39,065  

DXC Technology Co.

     486        48,858  

Fidelity National Information Services, Inc.

     648        62,402  

Fiserv, Inc.*

     900        64,179  

FleetCor Technologies, Inc.*

     193        39,083  

International Business Machines Corp.

     354        54,314  

Jack Henry & Associates, Inc.

     519        62,773  

Leidos Holdings, Inc.

     764        49,966  

MAXIMUS, Inc.

     906        60,466  

Total System Services, Inc.

     674        58,139  

WEX, Inc.*

     283        44,323  

Worldpay, Inc. Class A*

     582        47,864  
     

 

 

 
Total IT Services        799,122  
Machinery – 0.5%  

Allison Transmission Holdings, Inc.

     770        30,076  

Marine – 0.5%

     

Kirby Corp.*

     343        26,394  
Media – 1.6%      

Cinemark Holdings, Inc.

     464        17,479  

Omnicom Group, Inc.

     328        23,836  

Time Warner, Inc.

     374        35,373  

Viacom, Inc. Class B

     476        14,784  
     

 

 

 
Total Media               91,472  
Metals & Mining – 0.2%      

Steel Dynamics, Inc.

     309        13,664  
Multi-Utilities – 0.9%      

Ameren Corp.

     98        5,550  

CenterPoint Energy, Inc.

     213        5,836  

CMS Energy Corp.

     131        5,933  

Consolidated Edison, Inc.

     81        6,313  

Dominion Energy, Inc.

     77        5,192  

DTE Energy Co.

     55        5,742  

Public Service Enterprise Group, Inc.

     119        5,979  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      55  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

SCANA Corp.

     65      $ 2,441  

WEC Energy Group, Inc.

     95        5,956  
     

 

 

 
Total Multi-Utilities               48,942  
Multiline Retail – 2.0%      

Dollar General Corp.

     238        22,265  

Dollar Tree, Inc.*

     221        20,973  

Kohl’s Corp.

     263        17,229  

Macy’s, Inc.

     552        16,416  

Nordstrom, Inc.

     309        14,959  

Target Corp.

     247        17,149  
     

 

 

 
Total Multiline Retail               108,991  
Oil, Gas & Consumable Fuels – 5.8%      

Antero Resources Corp.*

     1,748        34,698  

ConocoPhillips

     866        51,345  

HollyFrontier Corp.

     906        44,267  

Occidental Petroleum Corp.

     901        58,529  

Phillips 66

     707        67,816  

Valero Energy Corp.

     707        65,588  
     

 

 

 
Total Oil, Gas & Consumable Fuels               322,243  
Paper & Forest Products – 0.3%      

Louisiana-Pacific Corp.

     613        17,636  
Personal Products – 0.3%      

Estee Lauder Cos., Inc. (The) Class A

     113        16,918  
Pharmaceuticals – 1.5%      

Bristol-Myers Squibb Co.

     457        28,905  

Nektar Therapeutics*

     168        17,852  

Zoetis, Inc.

     429        35,826  
     

 

 

 
Total Pharmaceuticals               82,583  
Professional Services – 0.9%      

CoStar Group, Inc.*

     142        51,501  
Real Estate Management & Development – 1.9%      

Howard Hughes Corp. (The)*

     420        58,435  

Jones Lang LaSalle, Inc.

     267        46,629  
     

 

 

 
Total Real Estate Management & Development               105,064  
Road & Rail – 0.6%      

AMERCO

     92        31,749  
Semiconductors & Semiconductor Equipment – 1.2%  

Micron Technology, Inc.*

     634        33,057  

ON Semiconductor Corp.*

     1,362        33,314  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               66,371  
Software – 3.4%      

Aspen Technology, Inc.*

     594        46,860  

CA, Inc.

     1,249        42,341  

CDK Global, Inc.

     826        52,319  

SS&C Technologies Holdings, Inc.

     937        50,261  
     

 

 

 
Total Software               191,781  
Specialty Retail – 3.9%      

AutoNation, Inc.*

     328        15,344  

AutoZone, Inc.*

     30        19,461  

Best Buy Co., Inc.

     225        15,748  

Burlington Stores, Inc.*

     154        20,505  

Foot Locker, Inc.

     371        16,895  

Gap, Inc. (The)

     486      15,163  

Michaels Cos., Inc. (The)*

     728        14,349  

O’Reilly Automotive, Inc.*

     66        16,327  

Ross Stores, Inc.

     273        21,288  

TJX Cos., Inc. (The)

     336        27,404  

Tractor Supply Co.

     289        18,213  

Williams-Sonoma, Inc.

     325        17,147  
     

 

 

 
Total Specialty Retail               217,844  
Textiles, Apparel & Luxury Goods – 1.7%      

Carter’s, Inc.

     257        26,754  

Columbia Sportswear Co.

     317        24,228  

PVH Corp.

     173        26,197  

Tapestry, Inc.

     354        18,624  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               95,803  
Trading Companies & Distributors – 2.0%      

HD Supply Holdings, Inc.*

     635        24,092  

MSC Industrial Direct Co., Inc. Class A

     258        23,661  

W.W. Grainger, Inc.

     77        21,735  

Watsco, Inc.

     225        40,718  
     

 

 

 
Total Trading Companies & Distributors               110,206  
Wireless Telecommunication Services – 0.7%      

Sprint Corp.*(a)

     7,463        36,419  
TOTAL COMMON STOCKS      

(Cost: $5,501,044)

              5,577,932  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%  
United States – 1.2%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

(Cost: $67,574)(c)

     67,574        67,574  

TOTAL INVESTMENTS IN SECURITIES – 101.1%

(Cost: $5,568,618)

 

 

     5,645,506  

Other Assets less Liabilities – (1.1)%

 

     (63,129
     

 

 

 
NET ASSETS – 100.0%      $ 5,582,377  
* Non-income producing security.

 

(a) Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) At March 31, 2018, the total market value of the Fund’s securities on loan was $66,083 and the total market value of the collateral held by the Fund was $67,574.

 

See Notes to Financial Statements.

 

56   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 6.8%      

Boeing Co. (The)

     137,565      $ 45,104,812  

BWX Technologies, Inc.

     10,080        640,382  

Curtiss-Wright Corp.

     2,079        280,811  

General Dynamics Corp.

     57,467        12,694,460  

Hexcel Corp.

     8,999        581,245  

Huntington Ingalls Industries, Inc.

     7,125        1,836,540  

Lockheed Martin Corp.

     84,347        28,503,382  

Northrop Grumman Corp.

     26,583        9,280,657  

Raytheon Co.

     57,389        12,385,694  

Rockwell Collins, Inc.

     19,159        2,583,591  

Spirit AeroSystems Holdings, Inc. Class A

     5,207        435,826  

United Technologies Corp.

     210,563        26,493,037  
     

 

 

 
Total Aerospace & Defense               140,820,437  
Air Freight & Logistics – 1.7%      

C.H. Robinson Worldwide, Inc.

     36,583        3,428,193  

Expeditors International of Washington, Inc.

     30,349        1,921,092  

FedEx Corp.

     24,871        5,971,776  

United Parcel Service, Inc. Class B

     218,817        22,901,387  
     

 

 

 
Total Air Freight & Logistics               34,222,448  
Airlines – 0.1%      

Southwest Airlines Co.

     56,491        3,235,804  
Auto Components – 0.2%      

Dana, Inc.

     9,951        256,338  

Gentex Corp.

     63,507        1,461,931  

Goodyear Tire & Rubber Co. (The)

     49,643        1,319,511  

LCI Industries

     3,934        409,726  
     

 

 

 
Total Auto Components               3,447,506  
Automobiles – 1.2%      

General Motors Co.

     591,178        21,483,409  

Harley-Davidson, Inc.

     55,082        2,361,916  

Thor Industries, Inc.

     7,453        858,362  
     

 

 

 
Total Automobiles               24,703,687  
Banks – 4.0%      

Bank of the Ozarks, Inc.

     22,343        1,078,497  

Comerica, Inc.

     27,186        2,607,953  

First Republic Bank

     11,287        1,045,289  

Wells Fargo & Co.

     1,486,152        77,889,226  
     

 

 

 
Total Banks               82,620,965  
Beverages – 3.1%      

Brown-Forman Corp. Class A

     23,871        1,273,041  

Brown-Forman Corp. Class B

     44,225        2,405,840  

Constellation Brands, Inc. Class A

     19,151        4,364,896  

Dr. Pepper Snapple Group, Inc.

     52,809        6,251,529  

PepsiCo, Inc.

     452,941        49,438,510  
     

 

 

 
Total Beverages               63,733,816  
Biotechnology – 4.0%      

AbbVie, Inc.

     547,276        51,799,673  

Gilead Sciences, Inc.

     419,673        31,639,148  
     

 

 

 
Total Biotechnology               83,438,821  
Building Products – 0.2%      

A.O. Smith Corp.

     16,302      1,036,644  

Fortune Brands Home & Security, Inc.

     20,390        1,200,767  

Lennox International, Inc.

     5,384        1,100,328  
     

 

 

 
Total Building Products               3,337,739  
Capital Markets – 4.0%      

BlackRock, Inc.

     36,536        19,792,282  

CBOE Global Markets, Inc.

     12,116        1,382,436  

Charles Schwab Corp. (The)

     97,069        5,068,943  

Eaton Vance Corp.

     33,012        1,837,778  

FactSet Research Systems, Inc.

     5,485        1,093,819  

Federated Investors, Inc. Class B

     38,915        1,299,761  

Franklin Resources, Inc.

     115,470        4,004,499  

Legg Mason, Inc.

     24,352        989,909  

LPL Financial Holdings, Inc.

     19,786        1,208,331  

MarketAxess Holdings, Inc.

     2,696        586,218  

Morgan Stanley

     383,403        20,688,426  

Morningstar, Inc.

     5,892        562,804  

MSCI, Inc.

     15,138        2,262,677  

Raymond James Financial, Inc.

     19,538        1,746,892  

S&P Global, Inc.

     28,982        5,537,301  

SEI Investments Co.

     19,379        1,451,681  

T. Rowe Price Group, Inc.

     63,491        6,855,123  

TD Ameritrade Holding Corp.

     101,065        5,986,080  
     

 

 

 
Total Capital Markets               82,354,960  
Chemicals – 2.7%      

Air Products & Chemicals, Inc.

     59,092        9,397,401  

Celanese Corp. Series A

     26,924        2,698,054  

Ecolab, Inc.

     39,019        5,348,334  

FMC Corp.

     12,096        926,191  

International Flavors & Fragrances, Inc.

     18,616        2,548,716  

Monsanto Co.

     94,046        10,974,228  

NewMarket Corp.

     2,029        815,009  

PolyOne Corp.

     14,745        626,957  

PPG Industries, Inc.

     45,696        5,099,674  

Praxair, Inc.

     69,447        10,021,202  

Scotts Miracle-Gro Co. (The)

     14,513        1,244,490  

Sherwin-Williams Co. (The)

     9,378        3,677,301  

Westlake Chemical Corp.

     13,266        1,474,516  
     

 

 

 
Total Chemicals               54,852,073  
Commercial Services & Supplies – 0.8%      

Cintas Corp.

     13,386        2,283,384  

Deluxe Corp.

     9,337        691,031  

Healthcare Services Group, Inc.

     14,763        641,895  

KAR Auction Services, Inc.

     47,004        2,547,617  

MSA Safety, Inc.

     6,318        525,910  

Rollins, Inc.

     29,515        1,506,151  

Waste Management, Inc.

     99,531        8,372,548  
     

 

 

 
Total Commercial Services & Supplies               16,568,536  
Construction & Engineering – 0.0%      

EMCOR Group, Inc.

     3,197        249,142  

Valmont Industries, Inc.

     2,663        389,597  
     

 

 

 
Total Construction & Engineering               638,739  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      57  


Table of Contents

Schedule of Investments (continued)

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Construction Materials – 0.1%      

Eagle Materials, Inc.

     1,923      $ 198,165  

Martin Marietta Materials, Inc.

     5,189        1,075,680  
     

 

 

 
Total Construction Materials               1,273,845  
Consumer Finance – 0.7%      

American Express Co.

     145,472        13,569,628  
Containers & Packaging – 0.3%      

AptarGroup, Inc.

     12,092        1,086,225  

Avery Dennison Corp.

     15,948        1,694,475  

Graphic Packaging Holding Co.

     80,878        1,241,477  

Packaging Corp. of America

     23,906        2,694,206  
     

 

 

 
Total Containers & Packaging               6,716,383  
Distributors – 0.2%      

Genuine Parts Co.

     47,720        4,287,165  

Pool Corp.

     5,263        769,556  
     

 

 

 
Total Distributors               5,056,721  
Diversified Consumer Services – 0.1%      

Service Corp. International

     34,000        1,283,160  

Electrical Equipment – 1.1%

     

AMETEK, Inc.

     13,959        1,060,465  

Emerson Electric Co.

     217,752        14,872,462  

Hubbell, Inc.

     15,174        1,847,890  

Rockwell Automation, Inc.

     26,245        4,571,879  
     

 

 

 
Total Electrical Equipment               22,352,696  
Electronic Equipment, Instruments & Components – 0.4%  

Amphenol Corp. Class A

     20,518        1,767,215  

CDW Corp.

     14,706        1,033,979  

Cognex Corp.

     5,996        311,732  

Corning, Inc.

     145,748        4,063,454  

Dolby Laboratories, Inc. Class A

     4,207        267,397  

FLIR Systems, Inc.

     13,279        664,083  

Jabil, Inc.

     13,921        399,950  

Littelfuse, Inc.

     1,377        286,664  
     

 

 

 
Total Electronic Equipment, Instruments & Components        8,794,474  
Equity Real Estate Investment Trusts (REITs) – 0.6%  

American Tower Corp.

     91,318        13,272,158  
Food & Staples Retailing – 2.7%      

Casey’s General Stores, Inc.

     3,734        409,881  

Costco Wholesale Corp.

     53,535        10,087,600  

CVS Health Corp.

     317,514        19,752,546  

Sysco Corp.

     138,553        8,307,638  

Walgreens Boots Alliance, Inc.

     253,628        16,605,025  
     

 

 

 
Total Food & Staples Retailing               55,162,690  
Food Products – 2.4%      

Campbell Soup Co.

     87,165        3,775,116  

Flowers Foods, Inc.

     87,544        1,913,712  

General Mills, Inc.

     231,385        10,426,208  

Hershey Co. (The)

     43,181        4,273,192  

Hormel Foods Corp.

     125,903        4,320,991  

Lancaster Colony Corp.

     7,053        868,507  

McCormick & Co., Inc. Non-Voting Shares

     29,749        3,164,996  

Mondelez International, Inc. Class A

     357,167      14,904,579  

Pinnacle Foods, Inc.

     33,343        1,803,856  

Tyson Foods, Inc. Class A

     48,260        3,532,149  
     

 

 

 
Total Food Products               48,983,306  
Health Care Equipment & Supplies – 2.3%      

Abbott Laboratories

     395,386        23,691,529  

Baxter International, Inc.

     63,489        4,129,325  

Becton, Dickinson and Co.

     37,875        8,207,513  

Cantel Medical Corp.

     935        104,168  

Cooper Cos., Inc. (The)

     149        34,093  

ResMed, Inc.

     27,241        2,682,421  

Stryker Corp.

     47,757        7,685,056  

Teleflex, Inc.

     4,321        1,101,769  

West Pharmaceutical Services, Inc.

     5,149        454,605  
     

 

 

 
Total Health Care Equipment & Supplies               48,090,479  
Health Care Providers & Services – 3.0%      

Aetna, Inc.

     40,688        6,876,272  

Anthem, Inc.

     36,498        8,018,610  

Cardinal Health, Inc.

     112,870        7,074,692  

Cigna Corp.

     923        154,824  

Encompass Health Corp.

     23,546        1,346,125  

Humana, Inc.

     9,632        2,589,370  

McKesson Corp.

     19,749        2,782,042  

UnitedHealth Group, Inc.

     150,684        32,246,376  
     

 

 

 
Total Health Care Providers & Services               61,088,311  
Hotels, Restaurants & Leisure – 1.6%      

Aramark

     32,888        1,301,049  

Cracker Barrel Old Country Store, Inc.(a)

     8,114        1,291,749  

Darden Restaurants, Inc.

     41,402        3,529,520  

ILG, Inc.

     29,342        912,830  

Starbucks Corp.

     335,490        19,421,516  

Texas Roadhouse, Inc.

     12,713        734,557  

Vail Resorts, Inc.

     8,649        1,917,483  

Wendy’s Co. (The)

     56,121        984,924  

Wyndham Worldwide Corp.

     24,671        2,823,103  
     

 

 

 
Total Hotels, Restaurants & Leisure               32,916,731  
Household Durables – 0.3%      

D.R. Horton, Inc.

     44,334        1,943,603  

Leggett & Platt, Inc.

     46,949        2,082,658  

Lennar Corp. Class A

     8,209        483,838  

PulteGroup, Inc.

     39,447        1,163,292  

Toll Brothers, Inc.

     11,890        514,242  
     

 

 

 
Total Household Durables               6,187,633  
Household Products – 0.3%      

Church & Dwight Co., Inc.

     47,515        2,392,855  

Clorox Co. (The)

     34,904        4,646,072  
     

 

 

 
Total Household Products               7,038,927  
Independent Power & Renewable Electricity Producers – 0.0%  
Ormat Technologies, Inc.      2,523        142,247  
Industrial Conglomerates – 2.8%      

3M Co.

     136,796        30,029,458  

Carlisle Cos., Inc.

     8,968        936,349  

 

See Notes to Financial Statements.

 

58   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Honeywell International, Inc.

     172,145      $ 24,876,674  

Roper Technologies, Inc.

     6,531        1,833,186  
     

 

 

 
Total Industrial Conglomerates               57,675,667  
Insurance – 0.8%      

Brown & Brown, Inc.

     30,860        785,079  

Erie Indemnity Co. Class A

     13,547        1,593,669  

Marsh & McLennan Cos., Inc.

     105,454        8,709,446  

Progressive Corp. (The)

     91,141        5,553,221  

Selective Insurance Group, Inc.

     6,842        415,309  
     

 

 

 
Total Insurance               17,056,724  
Internet & Catalog Retail – 0.1%      
Expedia Group, Inc.      15,349        1,694,683  
Internet Software & Services – 0.0%      

j2 Global, Inc.

     8,177        645,329  

LogMeIn, Inc.

     3,079        355,778  
     

 

 

 
Total Internet Software & Services               1,001,107  
IT Services – 4.7%      

Automatic Data Processing, Inc.

     78,856        8,948,579  

Booz Allen Hamilton Holding Corp.

     20,502        793,837  

Broadridge Financial Solutions, Inc.

     16,399        1,798,806  

Cognizant Technology Solutions Corp. Class A

     40,327        3,246,323  

CSRA, Inc.

     16,621        685,284  

DST Systems, Inc.

     5,832        487,847  

Fidelity National Information Services, Inc.

     32,871        3,165,477  

Global Payments, Inc.

     955        106,502  

International Business Machines Corp.

     294,568        45,195,568  

Jack Henry & Associates, Inc.

     6,990        845,440  

Leidos Holdings, Inc.

     25,634        1,676,464  

MasterCard, Inc. Class A

     50,438        8,834,720  

MAXIMUS, Inc.

     1,023        68,275  

Paychex, Inc.

     84,469        5,202,446  

Total System Services, Inc.

     10,257        884,769  

Visa, Inc. Class A

     103,169        12,341,076  

Western Union Co. (The)

     132,561        2,549,148  
     

 

 

 
Total IT Services               96,830,561  
Leisure Products – 0.3%      

Brunswick Corp.

     13,575        806,219  

Hasbro, Inc.

     35,671        3,007,066  

Polaris Industries, Inc.

     13,164        1,507,541  
     

 

 

 
Total Leisure Products               5,320,826  
Life Sciences Tools & Services – 0.3%      

Agilent Technologies, Inc.

     27,336        1,828,778  

Bio-Techne Corp.

     5,072        766,075  

PerkinElmer, Inc.

     4,159        314,920  

Thermo Fisher Scientific, Inc.

     15,135        3,124,772  
     

 

 

 
Total Life Sciences Tools & Services               6,034,545  
Machinery – 2.2%      

AGCO Corp.

     5,634        365,309  

Barnes Group, Inc.

     4,445        266,211  

Crane Co.

     11,916        1,105,090  

Cummins, Inc.

     47,605        7,716,294  

Donaldson Co., Inc.

     23,613        1,063,766  

Dover Corp.

     34,754      3,413,538  

Fortive Corp.

     12,621        978,380  

Graco, Inc.

     30,396        1,389,705  

IDEX Corp.

     12,493        1,780,377  

Illinois Tool Works, Inc.

     74,514        11,673,363  

ITT, Inc.

     12,365        605,638  

Lincoln Electric Holdings, Inc.

     13,177        1,185,271  

Nordson Corp.

     6,394        871,758  

Parker-Hannifin Corp.

     21,571        3,689,288  

Stanley Black & Decker, Inc.

     27,230        4,171,636  

Toro Co. (The)

     13,418        837,954  

Trinity Industries, Inc.

     27,446        895,563  

Wabtec Corp.

     5,668        461,375  

Woodward, Inc.

     4,520        323,903  

Xylem, Inc.

     24,988        1,922,077  
     

 

 

 
Total Machinery               44,716,496  
Media – 2.0%      

CBS Corp. Class B Non-Voting Shares

     51,600        2,651,724  

Cinemark Holdings, Inc.

     42,897        1,615,930  

Twenty-First Century Fox, Inc. Class A

     133,267        4,889,566  

Twenty-First Century Fox, Inc. Class B

     101,782        3,701,812  

Walt Disney Co. (The)

     280,150        28,138,266  
     

 

 

 
Total Media               40,997,298  
Multi-Utilities – 0.4%      
Sempra Energy      81,491        9,063,429  
Multiline Retail – 0.3%      

Dollar General Corp.

     35,617        3,331,970  

Nordstrom, Inc.

     61,866        2,994,933  
     

 

 

 
Total Multiline Retail               6,326,903  
Oil, Gas & Consumable Fuels – 6.4%      

Andeavor

     37,870        3,808,207  

Exxon Mobil Corp.

     1,374,065        102,518,990  

Marathon Petroleum Corp.

     138,528        10,127,782  

Pioneer Natural Resources Co.

     856        147,044  

Valero Energy Corp.

     161,124        14,947,473  
     

 

 

 
Total Oil, Gas & Consumable Fuels               131,549,496  
Personal Products – 0.3%      

Estee Lauder Cos., Inc. (The) Class A

     32,573        4,876,830  

Nu Skin Enterprises, Inc. Class A

     17,792        1,311,448  
     

 

 

 
Total Personal Products               6,188,278  
Pharmaceuticals – 7.3%      

Bristol-Myers Squibb Co.

     472,936        29,913,202  

Eli Lilly & Co.

     308,974        23,905,318  

Johnson & Johnson

     737,698        94,535,999  

Zoetis, Inc.

     33,635        2,808,859  
     

 

 

 
Total Pharmaceuticals               151,163,378  
Professional Services – 0.2%      

Equifax, Inc.

     17,767        2,093,130  

Robert Half International, Inc.

     27,047        1,565,751  
     

 

 

 
Total Professional Services               3,658,881  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      59  


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Real Estate Management & Development – 0.1%  

Jones Lang LaSalle, Inc.

     3,416      $ 596,570  

Realogy Holdings Corp.

     16,689        455,276  
     

 

 

 
Total Real Estate Management & Development        1,051,846  
Road & Rail – 2.2%      

CSX Corp.

     144,404        8,044,747  

JB Hunt Transport Services, Inc.

     11,463        1,342,890  

Kansas City Southern

     18,725        2,056,941  

Knight-Swift Transportation Holdings, Inc.

     10,080        463,781  

Landstar System, Inc.

     2,085        228,620  

Norfolk Southern Corp.

     58,402        7,929,824  

Old Dominion Freight Line, Inc.

     2,382        350,083  

Union Pacific Corp.

     189,222        25,437,113  
     

 

 

 
Total Road & Rail               45,853,999  
Semiconductors & Semiconductor Equipment – 6.2%  

Analog Devices, Inc.

     63,032        5,744,106  

Applied Materials, Inc.

     70,594        3,925,732  

Intel Corp.

     966,421        50,331,206  

KLA-Tencor Corp.

     30,030        3,273,570  

Lam Research Corp.

     14,729        2,992,344  

Maxim Integrated Products, Inc.

     63,085        3,798,979  

Microchip Technology, Inc.(a)

     33,189        3,032,147  

MKS Instruments, Inc.

     4,379        506,431  

Monolithic Power Systems, Inc.

     2,968        343,605  

NVIDIA Corp.

     16,332        3,782,328  

QUALCOMM, Inc.

     429,170        23,780,310  

Skyworks Solutions, Inc.

     19,719        1,977,027  

Texas Instruments, Inc.

     204,474        21,242,804  

Xilinx, Inc.

     41,008        2,962,418  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               127,693,007  
Software – 5.7%      

Activision Blizzard, Inc.

     30,478        2,056,046  

Blackbaud, Inc.

     2,124        216,245  

Intuit, Inc.

     20,520        3,557,142  

Microsoft Corp.

     962,959        87,889,268  

Oracle Corp.

     524,531        23,997,293  

Pegasystems, Inc.

     1,196        72,537  
     

 

 

 
Total Software               117,788,531  
Specialty Retail – 4.3%      

Best Buy Co., Inc.

     74,254        5,197,038  

Gap, Inc. (The)

     126,701        3,953,071  

Home Depot, Inc. (The)

     262,008        46,700,306  

Lowe’s Cos., Inc.

     183,821        16,130,293  

Ross Stores, Inc.

     36,429        2,840,733  

Tiffany & Co.

     30,299        2,959,000  

TJX Cos., Inc. (The)

     123,145        10,043,706  

Williams-Sonoma, Inc.(a)

     27,477        1,449,687  
     

 

 

 
Total Specialty Retail               89,273,834  
Technology Hardware, Storage & Peripherals – 4.0%  

Apple, Inc.

     478,540      80,289,441  

NetApp, Inc.

     29,044        1,791,725  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        82,081,166  
Textiles, Apparel & Luxury Goods – 1.5%      

Carter’s, Inc.

     7,847        816,873  

Columbia Sportswear Co.

     8,981        686,418  

Hanesbrands, Inc.(a)

     120,825        2,225,596  

NIKE, Inc. Class B

     196,633        13,064,297  

PVH Corp.

     913        138,256  

Tapestry, Inc.

     105,074        5,527,943  

VF Corp.

     116,570        8,640,168  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               31,099,551  
Tobacco – 2.4%      
Altria Group, Inc.      811,654        50,582,277  
Trading Companies & Distributors – 0.5%      

Fastenal Co.

     81,091        4,426,758  

MSC Industrial Direct Co., Inc. Class A

     9,910        908,846  

W.W. Grainger, Inc.

     14,630        4,129,610  

Watsco, Inc.

     9,314        1,685,554  
     

 

 

 
Total Trading Companies & Distributors               11,150,768  

TOTAL COMMON STOCKS

(Cost: $1,870,961,941)

              2,061,758,171  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%  
United States – 0.1%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

(Cost: $1,751,217)(c)

     1,751,217        1,751,217  

TOTAL INVESTMENTS IN SECURITIES – 100.0%

(Cost: $1,872,713,158)

        2,063,509,388  

Other Assets less Liabilities – 0.0%

        795,932  
     

 

 

 
NET ASSETS – 100.0%             $ 2,064,305,320  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $5,471,938 and the total market value of the collateral held by the Fund was $5,631,347. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,880,130.

 

See Notes to Financial Statements.

 

60   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments

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

March 31, 2018

 

  

 

 

Investments        Shares      Value  
COMMON STOCKS – 99.8%  
United States – 99.8%  
Aerospace & Defense – 4.0%  

Boeing Co. (The)

     1,049      $ 343,946  

General Dynamics Corp.

     845        186,661  

Harris Corp.

     1,533        247,242  

Huntington Ingalls Industries, Inc.

     691        178,112  

Lockheed Martin Corp.

     638        215,599  

Spirit AeroSystems Holdings, Inc. Class A

     3,051        255,369  

TransDigm Group, Inc.

     374        114,796  

United Technologies Corp.

     1,893        238,177  
     

 

 

 
Total Aerospace & Defense        1,779,902  
Airlines – 3.5%  

American Airlines Group, Inc.

     7,682        399,157  

Delta Air Lines, Inc.

     5,053        276,955  

JetBlue Airways Corp.*

     14,452        293,664  

Southwest Airlines Co.

     3,785        216,805  

United Continental Holdings, Inc.*

     5,428        377,083  
     

 

 

 
Total Airlines        1,563,664  
Auto Components – 1.4%  

Goodyear Tire & Rubber Co. (The)

     9,990        265,534  

Lear Corp.

     1,063        197,814  

Visteon Corp.*

     1,356        149,485  
     

 

 

 
Total Auto Components        612,833  
Automobiles – 1.6%  

General Motors Co.

     9,610        349,227  

Harley-Davidson, Inc.

     8,078        346,385  
     

 

 

 
Total Automobiles        695,612  
Banks – 1.9%  

Bank of America Corp.

     6,876        206,211  

BB&T Corp.

     4,935        256,817  

Citigroup, Inc.

     2,737        184,748  

Fifth Third Bancorp

     5,962        189,294  
     

 

 

 
Total Banks        837,070  
Beverages – 1.0%  

Dr. Pepper Snapple Group, Inc.

     2,324        275,115  

PepsiCo, Inc.

     1,465        159,905  
     

 

 

 
Total Beverages        435,020  
Biotechnology – 2.0%  

AbbVie, Inc.

     1,955        185,041  

Amgen, Inc.

     1,212        206,622  

Biogen, Inc.*

     389        106,516  

Gilead Sciences, Inc.

     2,408        181,539  

United Therapeutics Corp.*

     1,962        220,450  
     

 

 

 
Total Biotechnology        900,168  
Building Products – 0.7%  

Fortune Brands Home & Security, Inc.

     1,889        111,243  

Masco Corp.

     5,105        206,446  
     

 

 

 
Total Building Products        317,689  
Capital Markets – 3.5%  

Ameriprise Financial, Inc.

     1,478        218,655  

Bank of New York Mellon Corp. (The)

     3,570      183,962  

BGC Partners, Inc. Class A

     6,609        88,891  

FactSet Research Systems, Inc.

     501        99,910  

Franklin Resources, Inc.

     4,242        147,113  

Goldman Sachs Group, Inc. (The)

     999        251,608  

MSCI, Inc.

     1,679        250,960  

S&P Global, Inc.

     737        140,811  

T. Rowe Price Group, Inc.

     1,741        187,976  
     

 

 

 
Total Capital Markets        1,569,886  
Chemicals – 2.5%  

Celanese Corp. Series A

     2,487        249,222  

Eastman Chemical Co.

     1,952        206,092  

LyondellBasell Industries N.V. Class A

     2,613        276,142  

PPG Industries, Inc.

     1,736        193,738  

Scotts Miracle-Gro Co. (The)

     2,384        204,428  
     

 

 

 
Total Chemicals        1,129,622  
Commercial Services & Supplies – 0.4%  

Waste Management, Inc.

     2,298        193,308  
Communications Equipment – 1.7%  

F5 Networks, Inc.*

     2,252        325,662  

Juniper Networks, Inc.

     7,687        187,024  

Motorola Solutions, Inc.

     2,113        222,499  
     

 

 

 
Total Communications Equipment        735,185  
Construction & Engineering – 0.3%  

EMCOR Group, Inc.

     1,792        139,650  
Consumer Finance – 2.8%  

Ally Financial, Inc.

     9,112        247,391  

American Express Co.

     2,532        236,185  

Credit Acceptance Corp.*(a)

     493        162,892  

Discover Financial Services

     4,473        321,743  

Synchrony Financial

     7,728        259,120  
     

 

 

 
Total Consumer Finance        1,227,331  
Containers & Packaging – 1.4%  

Avery Dennison Corp.

     1,204        127,925  

Bemis Co., Inc.

     5,660        246,323  

Sealed Air Corp.

     5,976        255,713  
     

 

 

 
Total Containers & Packaging        629,961  
Diversified Consumer Services – 0.8%  

H&R Block, Inc.

     13,880        352,691  
Diversified Telecommunication Services – 0.4%  

Verizon Communications, Inc.

     3,974        190,037  
Electric Utilities – 0.4%      

FirstEnergy Corp.

     5,378        182,906  
Electrical Equipment – 0.9%      

Acuity Brands, Inc.

     1,318        183,452  

Eaton Corp. PLC

     2,932        234,296  
     

 

 

 
Total Electrical Equipment        417,748  
Electronic Equipment, Instruments & Components – 3.0%  

Avnet, Inc.

     8,844        369,326  

CDW Corp.

     3,171        222,953  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      61  


Table of Contents

Schedule of Investments (continued)

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

March 31, 2018

 

  

 

 

Investments        Shares      Value  

Corning, Inc.

     12,174      $ 339,411  

Jabil, Inc.

     9,748        280,060  

TE Connectivity Ltd.

     1,319        131,768  
     

 

 

 
Total Electronic Equipment, Instruments & Components        1,343,518  
Food & Staples Retailing – 2.1%  

CVS Health Corp.

     2,385        148,371  

Kroger Co. (The)

     9,036        216,322  

Sysco Corp.

     2,890        173,284  

Walgreens Boots Alliance, Inc.

     2,766        181,090  

Walmart, Inc.

     2,292        203,919  
     

 

 

 
Total Food & Staples Retailing               922,986  
Food Products – 4.2%  

Campbell Soup Co.

     5,086        220,275  

Conagra Brands, Inc.

     12,032        443,740  

General Mills, Inc.

     7,126        321,098  

Hershey Co. (The)

     1,535        151,904  

J.M. Smucker Co. (The)

     2,301        285,347  

Kellogg Co.

     3,351        217,848  

Tyson Foods, Inc. Class A

     3,118        228,206  
     

 

 

 
Total Food Products               1,868,418  
Health Care Equipment & Supplies – 0.7%  

Edwards Lifesciences Corp.*

     1,116        155,704  

Intuitive Surgical, Inc.*

     413        170,499  
     

 

 

 
Total Health Care Equipment & Supplies               326,203  
Health Care Providers & Services – 6.4%      

Aetna, Inc.

     1,750        295,750  

Anthem, Inc.

     700        153,790  

Cardinal Health, Inc.

     4,157        260,561  

DaVita, Inc.*

     5,961        393,068  

Express Scripts Holding Co.*

     6,289        434,444  

HCA Healthcare, Inc.

     3,569        346,193  

Henry Schein, Inc.*

     2,267        152,365  

Humana, Inc.

     769        206,730  

McKesson Corp.

     2,996        422,047  

Quest Diagnostics, Inc.

     1,980        198,594  
     

 

 

 
Total Health Care Providers & Services               2,863,542  
Hotels, Restaurants & Leisure – 2.0%      

Dunkin’ Brands Group, Inc.

     3,001        179,130  

Las Vegas Sands Corp.

     3,022        217,282  

Starbucks Corp.

     2,653        153,582  

Wyndham Worldwide Corp.

     2,799        320,289  
     

 

 

 
Total Hotels, Restaurants & Leisure        870,283  
Household Durables – 1.5%      

Leggett & Platt, Inc.

     2,481        110,057  

PulteGroup, Inc.

     13,344        393,515  

Whirlpool Corp.

     959        146,832  
     

 

 

 
Total Household Durables               650,404  
Household Products – 1.9%      

Church & Dwight Co., Inc.

     5,014        252,505  

Kimberly-Clark Corp.

     1,991        219,269  

Procter & Gamble Co. (The)

     2,442      193,602  

Spectrum Brands Holdings, Inc.(a)

     1,480        153,476  
     

 

 

 
Total Household Products               818,852  
Industrial Conglomerates – 0.4%      

Carlisle Cos., Inc.

     1,841        192,219  
Insurance – 6.2%      

Aflac, Inc.

     4,792        209,698  

Allstate Corp. (The)

     1,696        160,781  

American International Group, Inc.

     8,365        455,223  

Aon PLC

     2,138        300,026  

Assurant, Inc.

     4,987        455,862  

Hartford Financial Services Group, Inc. (The)

     5,796        298,610  

Lincoln National Corp.

     3,175        231,965  

MetLife, Inc.

     5,196        238,444  

Torchmark Corp.

     1,556        130,969  

Travelers Cos., Inc. (The)

     1,934        268,555  
     

 

 

 
Total Insurance               2,750,133  
Internet Software & Services – 1.3%      

eBay, Inc.*

     8,029        323,087  

VeriSign, Inc.*(a)

     2,078        246,368  
     

 

 

 
Total Internet Software & Services        569,455  
IT Services – 6.6%  

Alliance Data Systems Corp.

     1,061        225,844  

Automatic Data Processing, Inc.

     1,538        174,532  

Broadridge Financial Solutions, Inc.

     1,966        215,651  

Cognizant Technology Solutions Corp. Class A

     2,230        179,515  

Fiserv, Inc.*

     2,900        206,799  

International Business Machines Corp.

     1,864        285,993  

MasterCard, Inc. Class A

     823        144,157  

Paychex, Inc.

     2,543        156,623  

Sabre Corp.

     12,874        276,147  

Teradata Corp.*

     4,656        184,704  

Western Union Co. (The)

     19,116        367,601  

Worldpay, Inc. Class A*

     6,487        533,491  
     

 

 

 
Total IT Services               2,951,057  
Life Sciences Tools & Services – 0.5%      

IQVIA Holdings, Inc.*

     2,453        240,664  
Machinery – 1.7%      

Allison Transmission Holdings, Inc.

     10,891        425,403  

Cummins, Inc.

     953        154,472  

Snap-on, Inc.

     1,023        150,933  
     

 

 

 
Total Machinery               730,808  
Media – 5.7%  

CBS Corp. Class B Non-Voting Shares

     8,973        461,122  

Charter Communications, Inc. Class A*

     1,308        407,076  

Comcast Corp. Class A

     5,419        185,167  

Interpublic Group of Cos., Inc. (The)

     16,433        378,452  

Liberty Global PLC*

     17,674        537,820  

Omnicom Group, Inc.

     4,359        316,768  

Walt Disney Co. (The)

     2,488        249,895  
     

 

 

 
Total Media               2,536,300  

 

See Notes to Financial Statements.

 

62   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2018

 

  

 

 

Investments        Shares      Value  
Metals & Mining – 0.5%      

Steel Dynamics, Inc.

     4,902      $ 216,766  
Multiline Retail – 2.7%      

Dollar General Corp.

     1,061        99,257  

Kohl’s Corp.

     5,428        355,588  

Macy’s, Inc.

     9,732        289,430  

Nordstrom, Inc.

     4,236        205,065  

Target Corp.

     3,550        246,476  
     

 

 

 
Total Multiline Retail               1,195,816  
Oil, Gas & Consumable Fuels – 1.8%      

ConocoPhillips

     4,514        267,635  

Marathon Petroleum Corp.

     3,596        262,904  

Valero Energy Corp.

     2,760        256,045  
     

 

 

 
Total Oil, Gas & Consumable Fuels               786,584  
Pharmaceuticals – 1.0%      

Bristol-Myers Squibb Co.

     3,103        196,265  

Pfizer, Inc.

     6,642        235,724  
     

 

 

 
Total Pharmaceuticals               431,989  
Professional Services – 0.9%      

ManpowerGroup, Inc.

     1,025        117,978  

Robert Half International, Inc.

     4,781        276,772  
     

 

 

 
Total Professional Services               394,750  
Road & Rail – 1.2%      

CSX Corp.

     4,492        250,249  

Union Pacific Corp.

     2,078        279,346  
     

 

 

 
Total Road & Rail               529,595  
Semiconductors & Semiconductor Equipment – 2.9%  

Intel Corp.

     3,703        192,852  

Lam Research Corp.

     780        158,465  

Marvell Technology Group Ltd.

     10,512        220,752  

Maxim Integrated Products, Inc.

     3,215        193,607  

Skyworks Solutions, Inc.

     1,389        139,261  

Texas Instruments, Inc.

     1,793        186,275  

Xilinx, Inc.

     2,690        194,326  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        1,285,538  
Software – 3.1%      

ANSYS, Inc.*

     857        134,283  

Aspen Technology, Inc.*

     3,490        275,326  

CDK Global, Inc.

     5,220        330,635  

Citrix Systems, Inc.*

     2,182        202,490  

Fair Isaac Corp.*

     823        139,391  

Intuit, Inc.

     662        114,758  

VMware, Inc. Class A*

     1,524        184,815  
     

 

 

 
Total Software               1,381,698  
Specialty Retail – 3.9%  

AutoZone, Inc.*

     188        121,954  

Best Buy Co., Inc.

     2,729        191,003  

Burlington Stores, Inc.*

     870        115,840  

Foot Locker, Inc.

     4,138        188,445  

Gap, Inc. (The)

     3,389        105,737  

Home Depot, Inc. (The)

     718      127,976  

L Brands, Inc.

     2,500        95,525  

Lowe’s Cos., Inc.

     1,759        154,352  

O’Reilly Automotive, Inc.*

     1,131        279,787  

Ross Stores, Inc.

     1,176        91,704  

TJX Cos., Inc. (The)

     1,515        123,563  

Tractor Supply Co.

     2,190        138,014  
     

 

 

 
Total Specialty Retail               1,733,900  
Technology Hardware, Storage & Peripherals – 3.1%  

Apple, Inc.

     1,192        199,994  

HP, Inc.

     9,663        211,813  

NetApp, Inc.

     4,642        286,365  

Seagate Technology PLC

     11,897        696,212  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        1,394,384  
Textiles, Apparel & Luxury Goods – 1.0%      

Carter’s, Inc.

     1,136        118,258  

Hanesbrands, Inc.(a)

     6,158        113,430  

Ralph Lauren Corp.

     824        92,123  

VF Corp.

     1,871        138,679  
     

 

 

 
Total Textiles, Apparel & Luxury Goods        462,490  
Tobacco – 0.5%      

Altria Group, Inc.

     3,821        238,125  
Trading Companies & Distributors – 1.8%      

Fastenal Co.

     2,549        139,150  

HD Supply Holdings, Inc.*

     6,547        248,393  

W.W. Grainger, Inc.

     1,438        405,904  
     

 

 

 
Total Trading Companies & Distributors               793,447  

TOTAL COMMON STOCKS

(Cost: $43,573,264)

 

 

     44,390,207  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%  
United States – 0.9%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

(Cost: $395,892)(c)

     395,892        395,892  

TOTAL INVESTMENTS IN SECURITIES – 100.7%

(Cost: $43,969,156)

 

 

     44,786,099  

Other Assets less Liabilities – (0.7)%

 

     (319,629
     

 

 

 
NET ASSETS – 100.0%      $ 44,466,470  
* Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $608,291 and the total market value of the collateral held by the Fund was $620,130. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $224,238.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      63  


Table of Contents

Schedule of Investments

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments      Shares      Value  
COMMON STOCKS – 99.1%      
United States – 99.1%      
Aerospace & Defense – 0.3%      

AAR Corp.

     38,216      $ 1,685,708  

Cubic Corp.

     18,459        1,173,992  

National Presto Industries, Inc.(a)

     11,062        1,037,062  

Triumph Group, Inc.

     46,123        1,162,300  
     

 

 

 
Total Aerospace & Defense               5,059,062  
Air Freight & Logistics – 0.1%      

Forward Air Corp.

     47,533        2,512,594  
Airlines – 0.7%      

Allegiant Travel Co.

     46,722        8,061,881  

Hawaiian Holdings, Inc.

     96,360        3,729,132  

SkyWest, Inc.

     48,270        2,625,888  
     

 

 

 
Total Airlines               14,416,901  
Auto Components – 0.8%      

Cooper Tire & Rubber Co.(a)

     93,692        2,745,176  

Standard Motor Products, Inc.

     60,019        2,855,104  

Strattec Security Corp.

     8,912        323,951  

Superior Industries International, Inc.

     91,903        1,222,310  

Tenneco, Inc.

     138,053        7,574,968  

Tower International, Inc.

     50,258        1,394,659  
     

 

 

 
Total Auto Components               16,116,168  
Automobiles – 0.1%      

Winnebago Industries, Inc.

     34,389        1,293,026  
Banks – 6.9%      

1st Constitution Bancorp

     4,401        95,062  

1st Source Corp.

     20,057        1,015,285  

Access National Corp.

     19,735        563,040  

ACNB Corp.(a)

     8,776        256,698  

American National Bankshares, Inc.

     12,088        454,509  

Ameris Bancorp

     15,891        840,634  

Ames National Corp.

     12,897        354,668  

Arrow Financial Corp.

     17,296        587,199  

Banc of California, Inc.(a)

     60,189        1,161,648  

BancFirst Corp.

     24,065        1,277,852  

BancorpSouth Bank

     73,114        2,325,025  

Bank of Commerce Holdings

     8,553        99,642  

Bank of Marin Bancorp

     5,325        367,159  

Bankwell Financial Group, Inc.

     3,401        109,784  

Banner Corp.

     27,957        1,551,334  

Bar Harbor Bankshares

     19,506        540,706  

BCB Bancorp, Inc.

     26,397        413,113  

Berkshire Hills Bancorp, Inc.

     48,395        1,836,590  

Blue Hills Bancorp, Inc.

     35,966        749,891  

Boston Private Financial Holdings, Inc.

     111,435        1,677,097  

Bridge Bancorp, Inc.

     25,886        868,475  

Brookline Bancorp, Inc.

     86,496        1,401,235  

Bryn Mawr Bank Corp.

     16,009        703,596  

C&F Financial Corp.

     3,658        192,411  

Camden National Corp.

     16,202        720,989  

Capital City Bank Group, Inc.

     8,540        211,365  

Carolina Financial Corp.

     5,187        203,745  

CenterState Bank Corp.

     26,557      704,557  

Central Pacific Financial Corp.

     33,127        942,794  

Central Valley Community Bancorp

     7,671        150,045  

Century Bancorp, Inc. Class A

     998        79,241  

Chemung Financial Corp.(a)

     4,493        208,790  

Citizens & Northern Corp.

     23,375        539,729  

City Holding Co.

     19,545        1,340,005  

Civista Bancshares, Inc.

     5,877        134,348  

CNB Financial Corp.

     17,033        495,490  

CoBiz Financial, Inc.

     21,317        417,813  

Codorus Valley Bancorp, Inc.

     7,479        210,310  

Community Bank System, Inc.(a)

     60,962        3,265,125  

Community Financial Corp. (The)

     2,347        87,355  

Community Trust Bancorp, Inc.

     23,787        1,075,172  

ConnectOne Bancorp, Inc.

     16,819        484,387  

County Bancorp, Inc.

     2,686        78,458  

CVB Financial Corp.

     123,729        2,801,225  

DNB Financial Corp.

     1,577        56,220  

Eagle Bancorp Montana, Inc.

     3,885        80,614  

Enterprise Bancorp, Inc.

     8,600        303,494  

Enterprise Financial Services Corp.

     11,933        559,658  

Evans Bancorp, Inc.

     4,735        214,259  

Farmers & Merchants Bancorp, Inc.(a)

     5,738        231,643  

Farmers Capital Bank Corp.

     3,952        157,882  

Farmers National Banc Corp.

     20,451        283,246  

Fidelity Southern Corp.

     29,915        690,139  

Financial Institutions, Inc.

     19,036        563,466  

First Bancorp

     12,287        438,032  

First Bancorp, Inc.

     16,179        452,688  

First Bancshares, Inc. (The)(a)

     2,346        75,659  

First Bank(a)

     4,416        63,590  

First Busey Corp.

     54,713        1,626,070  

First Business Financial Services, Inc.

     10,327        259,827  

First Commonwealth Financial Corp.

     101,463        1,433,672  

First Community Bancshares, Inc.

     19,550        583,568  

First Community Corp.

     4,674        107,035  

First Connecticut Bancorp, Inc.

     17,312        443,187  

First Financial Bancorp

     73,573        2,159,368  

First Financial Bankshares, Inc.(a)

     52,701        2,440,056  

First Financial Corp.

     12,434        517,254  

First Financial Northwest, Inc.

     7,319        122,593  

First Guaranty Bancshares, Inc.(a)

     7,986        207,556  

First Internet Bancorp

     2,238        82,806  

First Interstate BancSystem, Inc. Class A

     39,094        1,546,168  

First Merchants Corp.

     40,055        1,670,294  

First Mid-Illinois Bancshares, Inc.

     10,234        373,029  

First Midwest Bancorp, Inc.

     80,306        1,974,725  

First of Long Island Corp. (The)

     22,975        630,664  

Flushing Financial Corp.

     37,196        1,002,804  

FNB Bancorp

     4,981        183,251  

German American Bancorp, Inc.

     17,153        572,053  

Glacier Bancorp, Inc.

     82,275        3,157,715  

Great Southern Bancorp, Inc.

     12,100        604,395  

Great Western Bancorp, Inc.

     56,233        2,264,503  

 

See Notes to Financial Statements.

 

64   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments      Shares      Value  

Guaranty Bancorp

     23,235      $ 658,712  

Guaranty Bancshares, Inc.

     8,578        285,733  

Hanmi Financial Corp.

     42,437        1,304,938  

Hawthorn Bancshares, Inc.(a)

     3,667        74,990  

Heartland Financial USA, Inc.

     12,584        667,581  

Heritage Commerce Corp.

     45,152        744,105  

Heritage Financial Corp.

     23,378        715,367  

Hilltop Holdings, Inc.

     47,270        1,108,954  

Hope Bancorp, Inc.

     183,575        3,339,229  

Horizon Bancorp

     24,200        726,242  

Independent Bank Corp.

     45,474        2,220,339  

Independent Bank Group, Inc.

     8,194        579,316  

International Bancshares Corp.

     52,861        2,056,293  

Lakeland Bancorp, Inc.

     46,321        919,472  

Lakeland Financial Corp.

     21,881        1,011,559  

LCNB Corp.

     14,337        272,403  

LegacyTexas Financial Group, Inc.

     35,807        1,533,256  

Live Oak Bancshares, Inc.

     9,094        252,813  

Macatawa Bank Corp.

     31,610        324,635  

MainSource Financial Group, Inc.

     23,619        960,112  

MBT Financial Corp.

     24,470        263,053  

Mercantile Bank Corp.

     16,926        562,790  

Middlefield Banc Corp.

     3,432        168,511  

Midland States Bancorp, Inc.

     23,708        748,225  

MidSouth Bancorp, Inc.

     2,896        36,634  

MidWestOne Financial Group, Inc.

     11,385        379,007  

MutualFirst Financial, Inc.

     6,640        240,700  

National Bank Holdings Corp. Class A

     14,915        495,924  

National Bankshares, Inc.(a)

     8,578        386,439  

NBT Bancorp, Inc.

     51,255        1,818,527  

Northrim BanCorp, Inc.

     8,593        296,888  

Norwood Financial Corp.

     7,868        236,748  

Ohio Valley Banc Corp.(a)

     4,595        192,301  

Old Line Bancshares, Inc.

     5,956        196,548  

Old National Bancorp

     189,436        3,201,468  

Old Point Financial Corp.

     3,510        92,594  

Old Second Bancorp, Inc.

     5,676        78,896  

Orrstown Financial Services, Inc.

     7,178        173,349  

Park National Corp.

     25,509        2,646,814  

Parke Bancorp, Inc.

     8,125        169,000  

Peapack Gladstone Financial Corp.

     4,993        166,716  

Penns Woods Bancorp, Inc.

     9,356        395,852  

People’s Utah Bancorp

     9,703        313,407  

Peoples Bancorp of North Carolina, Inc.(a)

     3,727        114,493  

Peoples Bancorp, Inc.

     23,575        835,734  

Peoples Financial Services Corp.(a)

     9,294        424,271  

Plumas Bancorp

     2,820        70,077  

Preferred Bank

     9,703        622,933  

Premier Financial Bancorp, Inc.

     14,699        273,548  

QCR Holdings, Inc.

     3,339        149,754  

RBB Bancorp

     8,815        232,452  

Reliant Bancorp, Inc.

     4,023        91,684  

Renasant Corp.

     43,589        1,855,148  

Republic Bancorp, Inc. Class A

     18,784        719,427  

S&T Bancorp, Inc.

     37,163      1,484,290  

Sandy Spring Bancorp, Inc.

     34,929        1,353,848  

ServisFirst Bancshares, Inc.

     12,184        497,351  

Shore Bancshares, Inc.

     7,514        141,714  

Sierra Bancorp

     14,616        389,370  

Simmons First National Corp. Class A

     79,638        2,265,701  

South State Corp.

     21,163        1,805,204  

Southern National Bancorp of Virginia, Inc.

     21,494        340,465  

Southside Bancshares, Inc.

     46,175        1,604,120  

State Bank Financial Corp.

     36,122        1,084,021  

Stock Yards Bancorp, Inc.

     23,112        811,231  

Summit Financial Group, Inc.

     9,446        236,244  

Sussex Bancorp(a)

     2,386        72,534  

Tompkins Financial Corp.

     16,616        1,258,828  

Towne Bank

     51,053        1,460,116  

TriCo Bancshares

     17,604        655,221  

Trustmark Corp.

     90,509        2,820,260  

Two River Bancorp

     3,825        69,041  

Union Bankshares Corp.

     48,423        1,777,608  

Union Bankshares, Inc.(a)

     5,362        272,390  

United Community Banks, Inc.

     50,388        1,594,780  

United Security Bancshares

     19,799        212,839  

Unity Bancorp, Inc.

     5,792        127,424  

Univest Corp. of Pennsylvania

     37,004        1,025,011  

Valley National Bancorp

     480,913        5,992,176  

Washington Trust Bancorp, Inc.

     23,427        1,259,201  

WesBanco, Inc.

     53,908        2,280,308  

West Bancorporation, Inc.

     21,277        544,691  

Westamerica Bancorporation(a)

     33,776        1,961,710  
     

 

 

 
Total Banks               135,530,437  
Beverages – 0.1%      

Coca-Cola Bottling Co. Consolidated

     4,820        832,269  

MGP Ingredients, Inc.(a)

     5,395        483,338  
     

 

 

 
Total Beverages               1,315,607  
Building Products – 0.9%      

AAON, Inc.

     58,896        2,296,944  

Advanced Drainage Systems, Inc.

     104,141        2,697,252  

Apogee Enterprises, Inc.

     51,012        2,211,370  

Griffon Corp.

     92,509        1,688,289  

Insteel Industries, Inc.

     12,247        338,385  

Quanex Building Products Corp.

     39,878        693,877  

Simpson Manufacturing Co., Inc.

     102,510        5,903,551  

Universal Forest Products, Inc.

     83,551        2,711,230  
     

 

 

 
Total Building Products               18,540,898  
Capital Markets – 1.6%      

Arlington Asset Investment Corp. Class A(a)

     159,216        1,757,745  

Artisan Partners Asset Management, Inc. Class A

     144,753        4,820,275  

Associated Capital Group, Inc. Class A

     1,763        66,024  

B. Riley Financial, Inc.

     21,002        409,539  

Cohen & Steers, Inc.

     54,652        2,222,150  

Financial Engines, Inc.

     29,250        1,023,750  

Gain Capital Holdings, Inc.(a)

     67,706        457,016  

GAMCO Investors, Inc. Class A

     3,269        81,169  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      65  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments      Shares      Value  

Greenhill & Co., Inc.(a)

     15,544      $ 287,564  

Hamilton Lane, Inc. Class A

     19,098        711,019  

Hennessy Advisors, Inc.

     6,376        123,057  

Houlihan Lokey, Inc.

     22,985        1,025,131  

Investment Technology Group, Inc.

     24,791        489,374  

Ladenburg Thalmann Financial Services, Inc.

     113,188        370,125  

Moelis & Co. Class A

     48,824        2,482,700  

Oppenheimer Holdings, Inc. Class A

     9,679        249,234  

Piper Jaffray Cos.

     11,920        989,956  

PJT Partners, Inc. Class A

     4,040        202,404  

Pzena Investment Management, Inc. Class A

     10,800        120,204  

Silvercrest Asset Management Group, Inc. Class A

     14,657        222,786  

Virtu Financial, Inc. Class A(a)

     244,737        8,076,321  

Virtus Investment Partners, Inc.

     5,439        673,348  

Waddell & Reed Financial, Inc. Class A(a)

     186,431        3,767,771  

Westwood Holdings Group, Inc.

     17,119        967,052  
     

 

 

 
Total Capital Markets               31,595,714  
Chemicals – 2.2%  

A. Schulman, Inc.

     102,139        4,391,977  

Advanced Emissions Solutions, Inc.(a)

     373,774        4,268,499  

American Vanguard Corp.

     14,175        286,335  

Balchem Corp.

     22,606        1,848,040  

Chase Corp.

     9,655        1,124,325  

Core Molding Technologies, Inc.

     11,438        203,940  

FutureFuel Corp.

     109,566        1,313,696  

H.B. Fuller Co.

     86,470        4,300,153  

Hawkins, Inc.

     38,571        1,355,771  

Innophos Holdings, Inc.

     130,176        5,234,377  

Innospec, Inc.

     41,871        2,872,351  

KMG Chemicals, Inc.

     5,083        304,726  

Minerals Technologies, Inc.

     16,073        1,076,087  

Quaker Chemical Corp.

     18,955        2,807,804  

Rayonier Advanced Materials, Inc.(a)

     117,622        2,525,344  

Stepan Co.

     39,928        3,321,211  

Tredegar Corp.

     114,783        2,060,355  

Valhi, Inc.

     704,887        4,271,615  
     

 

 

 
Total Chemicals               43,566,606  
Commercial Services & Supplies – 6.7%      

ABM Industries, Inc.

     156,893        5,252,778  

Brady Corp. Class A

     156,432        5,811,449  

Covanta Holding Corp.

     1,358,282        19,695,089  

Ennis, Inc.

     155,122        3,055,903  

Essendant, Inc.

     383,321        2,989,904  

Herman Miller, Inc.

     194,135        6,202,613  

HNI Corp.

     227,715        8,218,234  

Interface, Inc.

     99,214        2,500,193  

Kimball International, Inc. Class B

     89,314        1,521,910  

Knoll, Inc.

     222,216        4,486,541  

LSC Communications, Inc.

     337,120        5,882,744  

Matthews International Corp. Class A

     70,386        3,561,532  

McGrath RentCorp

     84,353        4,528,912  

Mobile Mini, Inc.

     182,308        7,930,398  

Multi-Color Corp.

     8,573      566,247  

Pitney Bowes, Inc.

     2,010,881        21,898,494  

Quad/Graphics, Inc.

     308,900        7,830,615  

RR Donnelley & Sons Co.

     678,101        5,919,822  

Steelcase, Inc. Class A

     479,851        6,525,974  

Tetra Tech, Inc.

     70,872        3,469,184  

U.S. Ecology, Inc.

     47,921        2,554,189  

UniFirst Corp.

     2,115        341,890  

Viad Corp.

     21,935        1,150,491  

VSE Corp.

     9,774        505,511  
     

 

 

 
Total Commercial Services & Supplies               132,400,617  
Communications Equipment – 0.9%      

ADTRAN, Inc.

     120,799        1,878,424  

Comtech Telecommunications Corp.

     77,562        2,318,328  

InterDigital, Inc.

     96,498        7,102,253  

PC-Tel, Inc.*

     76,697        550,685  

Plantronics, Inc.

     59,873        3,614,533  

TESSCO Technologies, Inc.

     54,935        1,271,745  
     

 

 

 
Total Communications Equipment               16,735,968  
Construction & Engineering – 0.7%      

Argan, Inc.

     50,272        2,159,182  

Comfort Systems USA, Inc.

     40,095        1,653,919  

Granite Construction, Inc.

     48,658        2,718,036  

KBR, Inc.

     363,432        5,883,964  

Primoris Services Corp.

     67,725        1,691,771  
     

 

 

 
Total Construction & Engineering               14,106,872  
Construction Materials – 0.0%      

United States Lime & Minerals, Inc.

     6,140        449,325  
Consumer Finance – 0.2%  

FirstCash, Inc.

     26,503        2,153,369  

Nelnet, Inc. Class A

     16,899        885,676  
     

 

 

 
Total Consumer Finance               3,039,045  
Containers & Packaging – 0.9%      

Greif, Inc. Class A

     104,018        5,434,940  

Greif, Inc. Class B

     71,260        4,150,895  

Myers Industries, Inc.

     126,250        2,670,188  

Silgan Holdings, Inc.

     212,819        5,927,009  
     

 

 

 
Total Containers & Packaging               18,183,032  
Distributors – 0.2%      

Core-Mark Holding Co., Inc.

     89,233        1,897,094  

Weyco Group, Inc.

     48,632        1,634,035  
     

 

 

 
Total Distributors               3,531,129  
Diversified Consumer Services – 0.6%      

Capella Education Co.

     35,314        3,084,678  

Carriage Services, Inc.

     28,642        792,238  

Collectors Universe, Inc.

     66,605        1,046,364  

Graham Holdings Co. Class B

     6,333        3,814,049  

Liberty Tax, Inc.

     101,769        1,027,867  

Strayer Education, Inc.

     18,340        1,853,257  
     

 

 

 
Total Diversified Consumer Services               11,618,453  

 

See Notes to Financial Statements.

 

66   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments      Shares      Value  
Diversified Financial Services – 0.0%      

A-Mark Precious Metals, Inc.

     8,252      $ 101,087  

Marlin Business Services Corp.

     14,864        421,395  

Tiptree, Inc.

     26,338        167,246  
     

 

 

 
Total Diversified Financial Services               689,728  
Diversified Telecommunication Services – 1.6%  

ATN International, Inc.

     30,305        1,806,784  

Cogent Communications Holdings, Inc.

     299,722        13,007,935  

Consolidated Communications Holdings, Inc.(a)

     1,370,833        15,024,330  

IDT Corp. Class B*

     238,948        1,498,204  
     

 

 

 
Total Diversified Telecommunication Services               31,337,253  
Electric Utilities – 1.2%      

El Paso Electric Co.

     141,666        7,224,966  

Genie Energy Ltd. Class B

     239,748        1,196,342  

MGE Energy, Inc.

     108,082        6,063,400  

Otter Tail Corp.

     166,151        7,202,646  

Spark Energy, Inc. Class A(a)

     110,128        1,305,017  
     

 

 

 
Total Electric Utilities               22,992,371  
Electrical Equipment – 0.8%      

Allied Motion Technologies, Inc.

     4,513        179,392  

AZZ, Inc.

     57,694        2,521,228  

Encore Wire Corp.

     5,299        300,453  

EnerSys

     67,001        4,647,859  

General Cable Corp.

     186,692        5,526,083  

LSI Industries, Inc.

     117,327        951,522  

Powell Industries, Inc.

     65,222        1,750,559  

Preformed Line Products Co.

     8,234        535,951  
     

 

 

 
Total Electrical Equipment               16,413,047  
Electronic Equipment, Instruments & Components – 1.5%  

AVX Corp.

     679,390        11,243,904  

Badger Meter, Inc.

     50,970        2,403,236  

Bel Fuse, Inc. Class B

     16,714        315,895  

CTS Corp.

     30,386        826,499  

Daktronics, Inc.

     213,379        1,879,869  

Mesa Laboratories, Inc.(a)

     3,038        450,961  

Methode Electronics, Inc.

     48,453        1,894,512  

MTS Systems Corp.

     58,991        3,046,885  

Park Electrochemical Corp.

     66,613        1,121,763  

Systemax, Inc.

     79,848        2,279,660  

Vishay Intertechnology, Inc.

     257,297        4,785,724  
     

 

 

 
Total Electronic Equipment, Instruments & Components        30,248,908  
Energy Equipment & Services – 0.4%      

Archrock, Inc.

     550,733        4,818,914  

U.S. Silica Holdings, Inc.(a)

     94,612        2,414,498  
     

 

 

 
Total Energy Equipment & Services               7,233,412  
Equity Real Estate Investment Trusts (REITs) – 13.0%  

Acadia Realty Trust

     158,891        3,908,719  

Agree Realty Corp.

     57,050        2,740,682  

Alexander & Baldwin, Inc.

     28,877        667,925  

Alexander’s, Inc.

     10,596        4,039,513  

American Assets Trust, Inc.

     63,639        2,126,179  

Armada Hoffler Properties, Inc.

     106,350      1,455,932  

Ashford Hospitality Prime, Inc.

     107,721        1,047,048  

Ashford Hospitality Trust, Inc.

     332,477        2,147,801  

Bluerock Residential Growth REIT, Inc.(a)

     125,328        1,065,288  

Brandywine Realty Trust

     301,773        4,792,155  

BRT Apartments Corp.

     41,375        486,156  

CareTrust REIT, Inc.

     152,679        2,045,899  

CatchMark Timber Trust, Inc. Class A

     87,378        1,089,604  

CBL & Associates Properties, Inc.(a)

     985,656        4,110,186  

Cedar Realty Trust, Inc.

     140,516        553,633  

Chatham Lodging Trust

     127,706        2,445,570  

Chesapeake Lodging Trust

     164,584        4,577,081  

CIM Commercial Trust Corp.

     66,856        845,728  

Clipper Realty, Inc.(a)

     30,783        260,732  

Columbia Property Trust, Inc.

     208,077        4,257,255  

Community Healthcare Trust, Inc.(a)

     51,139        1,316,318  

Condor Hospitality Trust, Inc.

     42,597        425,970  

CoreCivic, Inc.

     423,563        8,267,950  

CorEnergy Infrastructure Trust, Inc.(a)

     47,769        1,793,248  

DDR Corp.

     1,761,500        12,911,795  

DiamondRock Hospitality Co.

     428,901        4,477,726  

Easterly Government Properties, Inc.

     101,699        2,074,660  

Education Realty Trust, Inc.

     157,264        5,150,396  

Farmland Partners, Inc.(a)

     91,979        768,025  

Four Corners Property Trust, Inc.

     127,483        2,943,582  

Franklin Street Properties Corp.

     364,274        3,063,544  

Getty Realty Corp.

     86,703        2,186,650  

Gladstone Commercial Corp.

     92,942        1,611,614  

Gladstone Land Corp.(a)

     22,625        273,310  

Global Medical REIT, Inc.(a)

     96,838        673,024  

Global Net Lease, Inc.

     324,287        5,473,965  

Government Properties Income Trust

     446,360        6,097,278  

Hersha Hospitality Trust(a)

     128,235        2,295,407  

Independence Realty Trust, Inc.

     286,164        2,626,986  

InfraREIT, Inc.

     105,662        2,053,013  

Investors Real Estate Trust

     277,329        1,439,338  

Jernigan Capital, Inc.(a)

     47,524        860,184  

Kite Realty Group Trust

     268,857        4,094,692  

Lexington Realty Trust

     797,965        6,279,985  

LTC Properties, Inc.

     96,067        3,650,546  

Mack-Cali Realty Corp.

     160,967        2,689,759  

MedEquities Realty Trust, Inc.

     119,439        1,255,304  

Monmouth Real Estate Investment Corp.

     139,018        2,090,831  

National Storage Affiliates Trust

     91,884        2,304,451  

New Senior Investment Group, Inc.

     500,543        4,094,442  

NexPoint Residential Trust, Inc.

     35,747        887,956  

NorthStar Realty Europe Corp.

     114,167        1,486,454  

One Liberty Properties, Inc.

     58,884        1,301,336  

Pebblebrook Hotel Trust

     133,561        4,587,820  

Pennsylvania Real Estate Investment Trust(a)

     262,172        2,529,960  

Physicians Realty Trust

     438,006        6,819,753  

Piedmont Office Realty Trust, Inc. Class A

     291,021        5,119,059  

PotlatchDeltic Corp.

     76,648        3,989,528  

Preferred Apartment Communities, Inc. Class A

     84,665        1,201,396  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      67  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments      Shares      Value  

QTS Realty Trust, Inc. Class A

     68,576      $ 2,483,823  

Ramco-Gershenson Properties Trust

     230,375        2,847,435  

Retail Opportunity Investments Corp.

     201,683        3,563,739  

Retail Properties of America, Inc. Class A

     559,543        6,524,271  

Rexford Industrial Realty, Inc.

     70,318        2,024,455  

Safety Income & Growth, Inc.(a)

     30,868        493,579  

Saul Centers, Inc.

     34,370        1,751,839  

Select Income REIT

     346,100        6,742,028  

Seritage Growth Properties Class A(a)

     34,197        1,215,703  

STAG Industrial, Inc.

     229,877        5,498,658  

Summit Hotel Properties, Inc.

     226,523        3,082,978  

Tanger Factory Outlet Centers, Inc.(a)

     247,282        5,440,204  

Terreno Realty Corp.

     62,767        2,166,089  

Tier REIT, Inc.

     84,396        1,559,638  

UMH Properties, Inc.

     81,866        1,097,823  

Uniti Group, Inc.(a)

     957,113        15,553,086  

Universal Health Realty Income Trust

     24,113        1,449,191  

Urban Edge Properties

     192,041        4,100,075  

Urstadt Biddle Properties, Inc. Class A

     67,956        1,311,551  

Washington Prime Group, Inc.

     1,088,258        7,258,681  

Washington Real Estate Investment Trust

     142,871        3,900,378  

Whitestone REIT(a)

     145,410        1,510,810  

Xenia Hotels & Resorts, Inc.

     262,068        5,167,981  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)        254,574,356  
Food & Staples Retailing – 0.8%  

Andersons, Inc. (The)

     85,189        2,819,756  

Ingles Markets, Inc. Class A

     45,905        1,553,884  

PriceSmart, Inc.

     38,820        3,243,411  

SpartanNash Co.

     144,931        2,494,263  

Village Super Market, Inc. Class A

     64,490        1,700,601  

Weis Markets, Inc.

     118,742        4,866,047  
     

 

 

 
Total Food & Staples Retailing        16,677,962  
Food Products – 1.5%  

Alico, Inc.

     10,634        289,245  

B&G Foods, Inc.(a)

     568,588        13,475,536  

Calavo Growers, Inc.(a)

     35,637        3,285,731  

Dean Foods Co.

     446,620        3,849,864  

J&J Snack Foods Corp.

     34,981        4,777,005  

John B. Sanfilippo & Son, Inc.

     11,050        639,464  

Limoneira Co.

     23,007        545,956  

Tootsie Roll Industries, Inc.(a)

     60,222        1,773,539  
     

 

 

 
Total Food Products        28,636,340  
Gas Utilities – 1.1%  

Chesapeake Utilities Corp.

     39,613        2,786,775  

Northwest Natural Gas Co.

     123,893        7,142,431  

RGC Resources, Inc.

     24,514        622,656  

South Jersey Industries, Inc.

     416,158        11,719,009  
     

 

 

 
Total Gas Utilities        22,270,871  
Health Care Equipment & Supplies – 0.7%  

Abaxis, Inc.

     46,664        3,295,412  

Analogic Corp.

     8,737        837,878  

Atrion Corp.

     2,179        1,375,603  

CONMED Corp.

     66,734        4,226,264  

Invacare Corp.

     14,589      253,849  

LeMaitre Vascular, Inc.

     20,103        728,332  

Meridian Bioscience, Inc.

     230,738        3,276,479  

Utah Medical Products, Inc.

     7,500        741,375  
     

 

 

 
Total Health Care Equipment & Supplies        14,735,192  
Health Care Providers & Services – 1.0%  

Aceto Corp.

     118,022        896,967  

Ensign Group, Inc. (The)

     59,119        1,554,830  

National HealthCare Corp.

     70,731        4,217,690  

National Research Corp. Class A

     37,575        1,099,069  

National Research Corp. Class B(a)

     23,538        1,141,593  

Owens & Minor, Inc.

     519,339        8,075,721  

Psychemedics Corp.

     23,480        485,566  

U.S. Physical Therapy, Inc.

     21,859        1,777,137  
     

 

 

 
Total Health Care Providers & Services        19,248,573  
Health Care Technology – 0.1%  

Computer Programs & Systems, Inc.(a)

     30,724        897,141  

Simulations Plus, Inc.

     38,062        561,414  
     

 

 

 
Total Health Care Technology        1,458,555  
Hotels, Restaurants & Leisure – 3.5%  

BBX Capital Corp.

     51,621        475,429  

BJ’s Restaurants, Inc.

     38,494        1,728,381  

Bloomin’ Brands, Inc.

     207,811        5,045,651  

Brinker International, Inc.(a)

     289,953        10,467,303  

Cheesecake Factory, Inc. (The)(a)

     168,903        8,144,503  

Dine Brands Global, Inc.

     212,873        13,960,211  

International Speedway Corp. Class A

     39,989        1,763,515  

Jack in the Box, Inc.

     69,095        5,895,876  

Marcus Corp. (The)

     53,171        1,613,740  

Papa John’s International, Inc.(a)

     84,125        4,820,362  

RCI Hospitality Holdings, Inc.

     5,966        169,375  

Red Rock Resorts, Inc. Class A

     132,453        3,878,224  

Ruth’s Hospitality Group, Inc.

     81,782        1,999,570  

Sonic Corp.(a)

     144,700        3,650,781  

Speedway Motorsports, Inc.

     187,662        3,344,137  

Wingstop, Inc.

     31,218        1,474,426  
     

 

 

 
Total Hotels, Restaurants & Leisure        68,431,484  
Household Durables – 1.7%  

Bassett Furniture Industries, Inc.

     19,662        596,742  

CSS Industries, Inc.

     39,997        699,948  

Ethan Allen Interiors, Inc.

     110,968        2,546,716  

Flexsteel Industries, Inc.

     21,733        860,192  

Hooker Furniture Corp.

     18,961        695,869  

KB Home

     42,944        1,221,757  

La-Z-Boy, Inc.

     110,015        3,294,949  

Libbey, Inc.

     270,270        1,321,620  

Lifetime Brands, Inc.

     23,051        285,832  

MDC Holdings, Inc.

     231,733        6,469,985  

Tupperware Brands Corp.

     337,311        16,319,106  
     

 

 

 
Total Household Durables        34,312,716  

 

See Notes to Financial Statements.

 

68   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments      Shares      Value  
Household Products – 1.0%     

Energizer Holdings, Inc.

     225,959      $ 13,462,637  

Oil-Dri Corp. of America

     17,693        711,082  

WD-40 Co.

     35,163        4,630,967  
     

 

 

 
Total Household Products        18,804,686  
Independent Power & Renewable Electricity Producers – 1.9%  

NRG Yield, Inc. Class A

     334,889        5,505,575  

NRG Yield, Inc. Class C

     619,414        10,530,038  

Pattern Energy Group, Inc. Class A(a)

     1,188,403        20,547,488  
     

 

 

 
Total Independent Power & Renewable Electricity Producers        36,583,101  
Industrial Conglomerates – 0.2%  

Raven Industries, Inc.

     85,105        2,982,930  
Insurance – 1.9%  

American Equity Investment Life Holding Co.

     34,086        1,000,765  

AMERISAFE, Inc.

     11,357        627,474  

AmTrust Financial Services, Inc.(a)

     636,172        7,831,277  

Baldwin & Lyons, Inc. Class B

     26,771        588,962  

Crawford & Co. Class A

     43,710        350,554  

Crawford & Co. Class B

     19,862        163,266  

Donegal Group, Inc. Class A

     34,845        550,551  

EMC Insurance Group, Inc.

     31,640        856,811  

Employers Holdings, Inc.

     19,940        806,573  

FBL Financial Group, Inc. Class A

     28,502        1,976,614  

Federated National Holding Co.

     15,682        247,305  

HCI Group, Inc.(a)

     22,201        847,190  

Heritage Insurance Holdings, Inc.(a)

     16,005        242,636  

Horace Mann Educators Corp.

     47,841        2,045,203  

Independence Holding Co.

     3,094        110,301  

Infinity Property & Casualty Corp.

     11,459        1,356,745  

Investors Title Co.

     552        110,345  

Kingstone Cos., Inc.

     8,204        137,827  

Kinsale Capital Group, Inc.

     6,696        343,706  

Mercury General Corp.

     123,626        5,670,724  

National General Holdings Corp.

     41,204        1,001,669  

National Western Life Group, Inc. Class A

     314        95,732  

Navigators Group, Inc. (The)

     6,757        389,541  

RLI Corp.

     30,376        1,925,535  

Safety Insurance Group, Inc.

     29,157        2,240,715  

State Auto Financial Corp.

     27,559        787,361  

Stewart Information Services Corp.

     33,906        1,489,830  

United Fire Group, Inc.

     28,880        1,382,197  

United Insurance Holdings Corp.

     31,033        593,972  

Universal Insurance Holdings, Inc.

     36,393        1,160,937  
     

 

 

 
Total Insurance        36,932,318  
Internet & Catalog Retail – 0.2%  

Nutrisystem, Inc.

     61,854        1,666,966  

PetMed Express, Inc.(a)

     59,483        2,483,415  
     

 

 

 
Total Internet & Catalog Retail        4,150,381  
Internet Software & Services – 0.2%  

NIC, Inc.

     201,057        2,674,058  

Reis, Inc.

     58,508        1,254,997  
     

 

 

 
Total Internet Software & Services        3,929,055  
IT Services – 1.4%     

Cass Information Systems, Inc.

     24,221      1,441,392  

Convergys Corp.

     240,608        5,442,553  

CSG Systems International, Inc.

     92,710        4,198,836  

Hackett Group, Inc. (The)

     84,357        1,354,773  

ManTech International Corp. Class A

     65,990        3,660,465  

Science Applications International Corp.

     103,411        8,148,787  

TTEC Holdings, Inc.

     88,858        2,727,941  
     

 

 

 
Total IT Services        26,974,747  
Leisure Products – 0.6%  

Acushnet Holdings Corp.

     273,916        6,324,720  

Callaway Golf Co.

     39,641        648,527  

Escalade, Inc.

     58,644        803,423  

Johnson Outdoors, Inc. Class A

     8,605        533,510  

Marine Products Corp.

     98,719        1,383,053  

Sturm Ruger & Co., Inc.(a)

     44,579        2,340,398  
     

 

 

 
Total Leisure Products               12,033,631  
Life Sciences Tools & Services – 0.1%      

Luminex Corp.

     79,251        1,669,819  
Machinery – 3.8%      

Actuant Corp. Class A

     14,958        347,774  

Alamo Group, Inc.

     6,231        684,787  

Albany International Corp. Class A

     48,068        3,013,864  

Altra Industrial Motion Corp.

     63,938        2,937,951  

American Railcar Industries, Inc.(a)

     118,004        4,414,530  

Astec Industries, Inc.

     26,139        1,442,350  

Briggs & Stratton Corp.

     145,958        3,124,961  

Columbus McKinnon Corp.

     14,880        533,299  

DMC Global, Inc.

     8,551        228,739  

Douglas Dynamics, Inc.

     87,498        3,793,038  

Eastern Co. (The)

     15,892        452,922  

EnPro Industries, Inc.

     32,605        2,522,975  

ESCO Technologies, Inc.

     20,819        1,218,952  

Federal Signal Corp.

     128,503        2,829,636  

Franklin Electric Co., Inc.

     68,005        2,771,204  

Global Brass & Copper Holdings, Inc.

     24,709        826,516  

Gorman-Rupp Co. (The)

     63,598        1,860,242  

Graham Corp.

     26,593        569,622  

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

     79,618        4,000,804  

Hillenbrand, Inc.

     174,976        8,031,398  

Hurco Cos., Inc.

     9,580        439,722  

Hyster-Yale Materials Handling, Inc.

     27,964        1,955,523  

Kadant, Inc.

     13,845        1,308,353  

Lindsay Corp.

     21,579        1,973,184  

Miller Industries, Inc.

     48,216        1,205,400  

Mueller Industries, Inc.

     99,228        2,595,804  

Mueller Water Products, Inc. Class A

     316,894        3,444,638  

NN, Inc.

     43,901        1,053,624  

Omega Flex, Inc.

     21,922        1,427,122  

Park-Ohio Holdings Corp.

     22,004        854,855  

REV Group, Inc.

     73,296        1,521,625  

Spartan Motors, Inc.

     34,444        592,437  

Standex International Corp.

     14,014        1,336,235  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      69  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments      Shares      Value  

Sun Hydraulics Corp.

     25,944      $ 1,389,561  

Tennant Co.

     36,464        2,468,613  

Titan International, Inc.

     16,981        214,130  

Wabash National Corp.

     107,129        2,229,354  

Watts Water Technologies, Inc. Class A

     44,240        3,437,448  
     

 

 

 
Total Machinery               75,053,192  
Marine – 0.3%      

Matson, Inc.

     182,784        5,234,934  
Media – 5.1%      

AMC Entertainment Holdings, Inc. Class A(a)

     445,508        6,259,387  

Beasley Broadcast Group, Inc. Class A(a)

     28,260        319,338  

Emerald Expositions Events, Inc.

     154,104        3,001,946  

Entercom Communications Corp. Class A(a)

     703,736        6,791,052  

Entravision Communications Corp. Class A

     261,862        1,230,751  

Gannett Co., Inc.

     973,972        9,720,241  

John Wiley & Sons, Inc. Class A

     149,013        9,492,128  

Meredith Corp.(a)

     176,983        9,521,685  

National CineMedia, Inc.

     1,370,645        7,113,648  

New Media Investment Group, Inc.

     715,139        12,257,482  

New York Times Co. (The) Class A

     223,298        5,381,482  

Nexstar Media Group, Inc. Class A(a)

     116,700        7,760,550  

Saga Communications, Inc. Class A

     20,872        777,482  

Scholastic Corp.

     73,131        2,840,408  

Sinclair Broadcast Group, Inc. Class A(a)

     236,922        7,415,659  

TEGNA, Inc.

     681,563        7,763,003  

World Wrestling Entertainment, Inc. Class A

     95,872        3,452,351  
     

 

 

 
Total Media               101,098,593  
Metals & Mining – 2.4%      

Carpenter Technology Corp.

     100,370        4,428,324  

Commercial Metals Co.

     411,218        8,413,520  

Compass Minerals International, Inc.(a)

     217,352        13,106,326  

Gold Resource Corp.

     43,161        194,656  

Haynes International, Inc.

     54,841        2,035,150  

Hecla Mining Co.

     177,654        651,990  

Kaiser Aluminum Corp.

     51,815        5,228,133  

Materion Corp.

     26,491        1,352,366  

Olympic Steel, Inc.

     5,974        122,527  

Schnitzer Steel Industries, Inc. Class A

     104,973        3,395,877  

Synalloy Corp.

     13,075        187,626  

Worthington Industries, Inc.

     192,749        8,272,787  
     

 

 

 
Total Metals & Mining               47,389,282  
Multi-Utilities – 1.6%      

Black Hills Corp.(a)

     262,425        14,249,678  

NorthWestern Corp.

     248,434        13,365,749  

Unitil Corp.

     62,193        2,886,377  
     

 

 

 
Total Multi-Utilities               30,501,804  
Multiline Retail – 0.3%      

Big Lots, Inc.(a)

     109,388        4,761,660  

Dillard’s, Inc. Class A(a)

     26,243        2,108,362  
     

 

 

 
Total Multiline Retail               6,870,022  
Oil, Gas & Consumable Fuels – 3.4%      

Adams Resources & Energy, Inc.

     14,060      611,610  

Arch Coal, Inc. Class A

     55,493        5,098,697  

CVR Energy, Inc.(a)

     794,417        24,007,282  

Delek U.S. Holdings, Inc.

     229,397        9,336,458  

Evolution Petroleum Corp.

     216,734        1,744,709  

Green Plains, Inc.

     183,094        3,075,979  

Hallador Energy Co.

     119,892        823,658  

NACCO Industries, Inc. Class A

     12,687        416,768  

Panhandle Oil and Gas, Inc. Class A

     19,710        380,403  

SemGroup Corp. Class A

     846,868        18,122,975  

SM Energy Co.

     78,581        1,416,815  

World Fuel Services Corp.

     91,163        2,238,052  
     

 

 

 
Total Oil, Gas & Consumable Fuels               67,273,406  
Paper & Forest Products – 2.0%      

Boise Cascade Co.

     41,721        1,610,431  

Domtar Corp.

     332,888        14,161,055  

KapStone Paper and Packaging Corp.

     273,092        9,369,787  

Neenah, Inc.

     48,103        3,771,275  

PH Glatfelter Co.

     176,555        3,624,674  

Schweitzer-Mauduit International, Inc.

     183,626        7,188,958  
     

 

 

 
Total Paper & Forest Products               39,726,180  
Personal Products – 0.4%      

Inter Parfums, Inc.

     91,759        4,326,437  

Medifast, Inc.

     31,949        2,985,634  

Natural Health Trends Corp.(a)

     45,853        871,665  
     

 

 

 
Total Personal Products               8,183,736  
Pharmaceuticals – 0.1%      

Phibro Animal Health Corp. Class A

     37,342        1,482,477  
Professional Services – 1.4%      

Barrett Business Services, Inc.

     17,635        1,461,589  

BG Staffing, Inc.

     82,875        1,573,796  

CRA International, Inc.

     19,546        1,022,060  

Exponent, Inc.

     45,595        3,586,047  

Forrester Research, Inc.

     46,422        1,924,192  

Heidrick & Struggles International, Inc.

     62,845        1,963,906  

Insperity, Inc.

     66,416        4,619,233  

Kelly Services, Inc. Class A

     57,019        1,655,832  

Kforce, Inc.

     75,056        2,030,265  

Korn/Ferry International

     83,338        4,299,407  

Resources Connection, Inc.

     139,782        2,264,468  

RPX Corp.

     118,947        1,271,544  
     

 

 

 
Total Professional Services               27,672,339  
Real Estate Management & Development – 0.4%     

Consolidated-Tomoka Land Co.

     532        33,436  

Griffin Industrial Realty, Inc.

     2,952        110,789  

Kennedy-Wilson Holdings, Inc.

     301,283        5,242,324  

Rafael Holdings, Inc. Class B*

     100        485  

RE/MAX Holdings, Inc. Class A

     11,790        712,706  

RMR Group, Inc. (The) Class A

     12,333        862,693  
     

 

 

 
Total Real Estate Management & Development               6,962,433  

 

See Notes to Financial Statements.

 

70   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments      Shares      Value  
Road & Rail – 0.5%      

ArcBest Corp.

     33,802      $ 1,083,354  

Celadon Group, Inc.(a)

     51,768        191,542  

Heartland Express, Inc.

     44,044        792,351  

Marten Transport Ltd.

     42,807        976,000  

Schneider National, Inc. Class B

     107,657        2,805,541  

Universal Logistics Holdings, Inc.

     52,051        1,100,879  

Werner Enterprises, Inc.

     80,108        2,923,942  
     

 

 

 
Total Road & Rail               9,873,609  
Semiconductors & Semiconductor Equipment – 1.1%  

Brooks Automation, Inc.

     178,066        4,822,027  

Cabot Microelectronics Corp.

     33,832        3,623,746  

Cohu, Inc.

     47,345        1,079,939  

NVE Corp.

     37,085        3,082,134  

Power Integrations, Inc.

     34,630        2,366,961  

Xperi Corp.

     296,713        6,275,480  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        21,250,287  
Software – 1.1%      

American Software, Inc. Class A

     153,131        1,990,703  

Ebix, Inc.(a)

     18,468        1,375,866  

Monotype Imaging Holdings, Inc.

     118,011        2,649,347  

Progress Software Corp.

     99,544        3,827,467  

QAD, Inc. Class A

     18,320        763,028  

TiVo Corp.

     846,155        11,465,400  
     

 

 

 
Total Software               22,071,811  
Specialty Retail – 7.9%      

Aaron’s, Inc.

     33,962        1,582,629  

Abercrombie & Fitch Co. Class A

     466,189        11,286,436  

American Eagle Outfitters, Inc.

     791,274        15,770,091  

Barnes & Noble, Inc.

     1,021,807        5,057,945  

Bed Bath & Beyond, Inc.

     573,710        12,042,173  

Big 5 Sporting Goods Corp.(a)

     270,710        1,962,647  

Buckle, Inc. (The)(a)

     332,232        7,358,939  

Caleres, Inc.

     57,475        1,931,160  

Camping World Holdings, Inc. Class A

     38,965        1,256,621  

Cato Corp. (The) Class A

     305,358        4,500,977  

Chico’s FAS, Inc.

     712,731        6,443,088  

Children’s Place, Inc. (The)

     31,318        4,235,759  

Citi Trends, Inc.

     23,932        739,738  

Dick’s Sporting Goods, Inc.

     280,628        9,836,011  

DSW, Inc. Class A

     401,608        9,020,116  

Finish Line, Inc. (The) Class A(a)

     246,638        3,339,478  

GameStop Corp. Class A(a)

     1,234,790        15,583,050  

Group 1 Automotive, Inc.

     39,590        2,586,811  

Guess?, Inc.

     691,067        14,332,730  

Haverty Furniture Cos., Inc.

     75,091        1,513,084  

Lithia Motors, Inc. Class A

     33,046        3,321,784  

Monro, Inc.

     67,311        3,607,870  

Office Depot, Inc.

     2,421,127        5,205,423  

Pier 1 Imports, Inc.

     687,513        2,213,792  

Shoe Carnival, Inc.

     30,433        724,305  

Sonic Automotive, Inc. Class A

     45,488        861,998  

Tailored Brands, Inc.

     278,122        6,969,737  

Tile Shop Holdings, Inc.

     174,359      1,046,154  

Winmark Corp.

     2,100        274,680  
     

 

 

 
Total Specialty Retail        154,605,226  
Technology Hardware, Storage & Peripherals – 0.2%  

Diebold Nixdorf, Inc.(a)

     257,184        3,960,634  

TransAct Technologies, Inc.

     28,951        377,810  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        4,338,444  
Textiles, Apparel & Luxury Goods – 0.5%  

Culp, Inc.

     20,915        638,953  

Movado Group, Inc.

     42,883        1,646,707  

Oxford Industries, Inc.

     39,376        2,935,875  

Rocky Brands, Inc.

     26,294        564,006  

Superior Uniform Group, Inc.

     32,777        861,052  

Wolverine World Wide, Inc.

     118,906        3,436,384  
     

 

 

 
Total Textiles, Apparel & Luxury Goods        10,082,977  
Thrifts & Mortgage Finance – 1.2%  

BankFinancial Corp.

     18,713        317,747  

Bear State Financial, Inc.

     17,731        181,743  

Beneficial Bancorp, Inc.

     53,971        839,249  

Capitol Federal Financial, Inc.

     165,539        2,044,407  

Charter Financial Corp.

     11,261        229,612  

Clifton Bancorp, Inc.

     16,117        252,231  

Dime Community Bancshares, Inc.

     46,581        857,090  

ESSA Bancorp, Inc.

     11,936        175,101  

Federal Agricultural Mortgage Corp. Class C

     8,930        777,089  

First Defiance Financial Corp.

     9,236        529,408  

FS Bancorp, Inc.

     1,281        68,533  

Greene County Bancorp, Inc.(a)

     4,674        171,536  

Hingham Institution for Savings

     865        178,190  

Home Bancorp, Inc.

     5,924        255,739  

Kearny Financial Corp.

     31,129        404,677  

Meridian Bancorp, Inc.

     20,416        411,382  

Meta Financial Group, Inc.

     2,857        311,984  

Northfield Bancorp, Inc.

     53,070        828,423  

Northwest Bancshares, Inc.

     188,590        3,123,050  

OceanFirst Financial Corp.

     36,179        967,788  

Oritani Financial Corp.

     95,425        1,464,774  

Provident Financial Holdings, Inc.

     10,386        187,883  

Provident Financial Services, Inc.

     94,709        2,423,603  

Prudential Bancorp, Inc.

     2,769        50,230  

Riverview Bancorp, Inc.

     12,614        117,815  

SI Financial Group, Inc.

     6,138        88,387  

Southern Missouri Bancorp, Inc.

     4,439        162,467  

Territorial Bancorp, Inc.

     11,150        330,709  

Timberland Bancorp, Inc.

     5,884        178,874  

TrustCo Bank Corp.

     136,285        1,151,608  

United Community Financial Corp.

     38,683        381,414  

United Financial Bancorp, Inc.

     66,649        1,079,714  

Washington Federal, Inc.

     72,363        2,503,760  

Waterstone Financial, Inc.

     35,859        620,361  

Western New England Bancorp, Inc.

     20,882        222,393  

WSFS Financial Corp.

     11,495        550,610  
     

 

 

 
Total Thrifts & Mortgage Finance        24,439,581  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      71  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2018

 

  

 

 

Investments     Shares      Value  
Tobacco – 1.9%     

Turning Point Brands, Inc.

    25,776      $ 501,085  

Universal Corp.

    157,073        7,618,041  

Vector Group Ltd.(a)

    1,452,366        29,613,743  
    

 

 

 
Total Tobacco        37,732,869  
Trading Companies & Distributors – 1.5%  

Applied Industrial Technologies, Inc.

    109,188        7,959,805  

GATX Corp.

    159,844        10,947,716  

H&E Equipment Services, Inc.

    161,400        6,212,286  

Kaman Corp.

    58,833        3,654,706  
    

 

 

 
Total Trading Companies & Distributors        28,774,513  
Water Utilities – 1.0%  

American States Water Co.

    102,048        5,414,667  

Artesian Resources Corp. Class A

    30,693        1,119,681  

California Water Service Group

    121,345        4,520,101  

Connecticut Water Service, Inc.

    37,475        2,268,362  

Global Water Resources, Inc.

    89,019        798,501  

Middlesex Water Co.

    51,806        1,901,280  

SJW Group

    42,640        2,247,554  

York Water Co. (The)

    37,852        1,173,412  
    

 

 

 
Total Water Utilities        19,443,558  
Wireless Telecommunication Services – 0.7%  

Shenandoah Telecommunications Co.

    57,224        2,060,064  

Spok Holdings, Inc.

    96,177        1,437,846  

Telephone & Data Systems, Inc.

    372,035        10,428,141  
    

 

 

 
Total Wireless Telecommunication Services        13,926,051  

TOTAL COMMON STOCKS

(Cost: $1,938,813,923)

 

 

     1,947,320,214  
EXCHANGE-TRADED FUND – 0.5%  
United States – 0.5%  

WisdomTree U.S. MidCap Dividend Fund(b)

(Cost: $10,467,137)

    309,178        10,549,153  
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED – 6.1%
 
United States – 6.1%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

(Cost: $119,114,409)(d)

    119,114,409        119,114,409  

TOTAL INVESTMENTS IN SECURITIES – 105.7%

(Cost: $2,068,395,469)

 

 

     2,076,983,776  

Other Assets less Liabilities – (5.7)%

       (111,706,458
    

 

 

 
NET ASSETS – 100.0%            $ 1,965,277,318  
* Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $226,965,658 and the total market value of the collateral held by the Fund was $232,705,811. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $113,591,402.

 

See Notes to Financial Statements.

 

72   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
Puerto Rico – 0.4%      
Banks – 0.2%      

First BanCorp*

     160,601      $ 966,818  
IT Services – 0.2%      

EVERTEC, Inc.

     84,458        1,380,888  
Total Puerto Rico               2,347,706  
United States – 99.3%      
Aerospace & Defense – 1.5%      

AAR Corp.

     20,363        898,212  

Aerovironment, Inc.*

     5,970        271,695  

Astronics Corp.*

     14,087        525,445  

Axon Enterprise, Inc.*(a)

     9,768        383,980  

Ducommun, Inc.*

     8,686        263,881  

Engility Holdings, Inc.*

     19,064        465,161  

Esterline Technologies Corp.*

     28,825        2,108,549  

National Presto Industries, Inc.(a)

     8,229        771,469  

Sparton Corp.*

     1,207        21,014  

Triumph Group, Inc.

     104,623        2,636,499  

Vectrus, Inc.*

     12,488        465,053  
     

 

 

 
Total Aerospace & Defense               8,810,958  
Air Freight & Logistics – 0.5%      

Atlas Air Worldwide Holdings, Inc.*

     13,154        795,159  

Forward Air Corp.

     19,087        1,008,939  

Hub Group, Inc. Class A*

     19,610        820,678  

Radiant Logistics, Inc.*

     6,026        23,321  
     

 

 

 
Total Air Freight & Logistics               2,648,097  
Auto Components – 2.4%      

American Axle & Manufacturing Holdings, Inc.*

     278,881        4,244,569  

Cooper Tire & Rubber Co.

     101,581        2,976,323  

Fox Factory Holding Corp.*

     21,722        758,098  

Gentherm, Inc.*

     34,280        1,163,806  

Modine Manufacturing Co.*

     34,686        733,609  

Motorcar Parts of America, Inc.*

     24,717        529,685  

Shiloh Industries, Inc.*

     10,225        88,957  

Standard Motor Products, Inc.

     23,763        1,130,406  

Stoneridge, Inc.*

     59,586        1,644,574  

Strattec Security Corp.

     3,368        122,427  

Tower International, Inc.

     35,861        995,143  
     

 

 

 
Total Auto Components               14,387,597  
Automobiles – 0.1%      

Winnebago Industries, Inc.

     21,772        818,627  
Banks – 11.1%      

1st Source Corp.

     16,030        811,439  

Access National Corp.

     7,669        218,797  

Allegiance Bancshares, Inc.*

     6,866        268,804  

American National Bankshares, Inc.

     5,781        217,366  

Ameris Bancorp

     22,267        1,177,924  

Arrow Financial Corp.

     9,749        330,979  

Atlantic Capital Bancshares, Inc.*

     9,623        174,176  

Banc of California, Inc.(a)

     31,855        614,802  

BancFirst Corp.

     19,863      1,054,725  

Bancorp, Inc. (The)*

     4,462        48,190  

Bank of Commerce Holdings

     9,236        107,599  

Bankwell Financial Group, Inc.

     5,116        165,144  

Banner Corp.

     21,531        1,194,755  

Bar Harbor Bankshares

     9,784        271,212  

BCB Bancorp, Inc.

     8,597        134,543  

Berkshire Hills Bancorp, Inc.

     22,653        859,681  

Blue Hills Bancorp, Inc.

     11,407        237,836  

Boston Private Financial Holdings, Inc.

     58,747        884,142  

Bridge Bancorp, Inc.

     13,036        437,358  

Brookline Bancorp, Inc.

     45,806        742,057  

Bryn Mawr Bank Corp.

     11,118        488,636  

C&F Financial Corp.

     2,561        134,709  

Camden National Corp.

     12,156        540,942  

Capital City Bank Group, Inc.

     7,329        181,393  

Capstar Financial Holdings, Inc.*(a)

     2,310        43,497  

CenterState Bank Corp.

     33,122        878,727  

Central Pacific Financial Corp.

     19,984        568,745  

Century Bancorp, Inc. Class A

     4,228        335,703  

City Holding Co.

     10,771        738,460  

CNB Financial Corp.

     11,458        333,313  

CoBiz Financial, Inc.

     23,424        459,110  

Codorus Valley Bancorp, Inc.

     6,043        169,929  

Community Trust Bancorp, Inc.

     12,652        571,870  

ConnectOne Bancorp, Inc.

     14,407        414,922  

Customers Bancorp, Inc.*

     31,275        911,666  

Enterprise Bancorp, Inc.

     7,619        268,875  

Enterprise Financial Services Corp.

     15,362        720,478  

Equity Bancshares, Inc. Class A*

     5,996        234,803  

Evans Bancorp, Inc.

     3,293        149,008  

Farmers Capital Bank Corp.

     4,690        187,366  

FB Financial Corp.*

     11,249        456,597  

Fidelity Southern Corp.

     25,133        579,818  

Financial Institutions, Inc.

     11,806        349,458  

First Bancorp

     13,439        479,100  

First Bancorp, Inc.

     8,035        224,819  

First Bancshares, Inc. (The)

     3,767        121,486  

First Busey Corp.

     25,344        753,224  

First Business Financial Services, Inc.

     6,545        164,672  

First Commonwealth Financial Corp.

     58,715        829,643  

First Community Bancshares, Inc.

     11,448        341,723  

First Connecticut Bancorp, Inc.

     9,477        242,611  

First Financial Bancorp

     43,453        1,275,346  

First Financial Corp.

     9,524        396,198  

First Financial Northwest, Inc.

     7,063        118,305  

First Foundation, Inc.*

     21,143        391,991  

First Internet Bancorp

     4,999        184,963  

First Interstate BancSystem, Inc. Class A

     30,684        1,213,552  

First Merchants Corp.

     27,597        1,150,795  

First Mid-Illinois Bancshares, Inc.

     9,171        334,283  

Flushing Financial Corp.

     22,061        594,765  

Franklin Financial Network, Inc.*

     12,181        397,101  

German American Bancorp, Inc.

     13,793        459,997  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      73  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Great Southern Bancorp, Inc.

     12,204      $ 609,590  

Green Bancorp, Inc.*

     19,664        437,524  

Guaranty Bancorp

     16,092        456,208  

Hanmi Financial Corp.

     23,314        716,906  

HarborOne Bancorp, Inc.*

     7,299        128,900  

Heartland Financial USA, Inc.

     19,742        1,047,313  

Heritage Commerce Corp.

     23,104        380,754  

Heritage Financial Corp.

     16,604        508,082  

HomeTrust Bancshares, Inc.*

     6,449        167,996  

Horizon Bancorp

     14,192        425,902  

Independent Bank Corp.

     29,313        1,392,747  

Independent Bank Group, Inc.

     13,084        925,039  

Investar Holding Corp.

     3,890        100,557  

Lakeland Bancorp, Inc.

     31,975        634,704  

Lakeland Financial Corp.

     15,066        696,501  

LegacyTexas Financial Group, Inc.

     30,412        1,302,242  

Live Oak Bancshares, Inc.

     17,218        478,660  

Macatawa Bank Corp.

     22,785        234,002  

MainSource Financial Group, Inc.

     14,619        594,262  

Mercantile Bank Corp.

     11,203        372,500  

Midland States Bancorp, Inc.

     9,878        311,750  

MidWestOne Financial Group, Inc.

     8,769        291,920  

MutualFirst Financial, Inc.

     4,537        164,466  

National Bank Holdings Corp. Class A

     13,801        458,883  

National Commerce Corp.*

     7,358        320,441  

NBT Bancorp, Inc.

     28,149        998,727  

Northeast Bancorp

     7,592        155,636  

Northrim BanCorp, Inc.

     5,950        205,573  

Norwood Financial Corp.

     3,917        117,863  

OFG Bancorp

     50,721        530,034  

Old Second Bancorp, Inc.

     22,753        316,267  

Opus Bank

     12,772        357,616  

Pacific Premier Bancorp, Inc.*

     18,644        749,489  

Park National Corp.

     9,457        981,258  

Peapack Gladstone Financial Corp.

     11,965        399,511  

Penns Woods Bancorp, Inc.

     2,991        126,549  

Peoples Bancorp, Inc.

     14,169        502,291  

Peoples Financial Services Corp.

     5,254        239,845  

Preferred Bank

     9,046        580,753  

QCR Holdings, Inc.

     9,612        431,098  

Renasant Corp.

     30,381        1,293,015  

Republic Bancorp, Inc. Class A

     15,616        598,093  

Republic First Bancorp, Inc.*

     9,640        83,868  

S&T Bancorp, Inc.

     25,548        1,020,387  

Sandy Spring Bancorp, Inc.

     18,681        724,076  

Seacoast Banking Corp. of Florida*

     19,970        528,606  

Shore Bancshares, Inc.

     7,370        138,998  

Sierra Bancorp

     9,753        259,820  

Southern First Bancshares, Inc.*

     4,164        185,298  

Southern National Bancorp of Virginia, Inc.

     4,704        74,511  

Southside Bancshares, Inc.

     20,028        695,773  

Stock Yards Bancorp, Inc.

     14,496        508,810  

Tompkins Financial Corp.

     9,774        740,478  

Towne Bank

     36,263        1,037,122  

TriCo Bancshares

     15,119      562,729  

TriState Capital Holdings, Inc.*

     17,926        416,780  

Triumph Bancorp, Inc.*

     13,805        568,766  

Union Bankshares Corp.

     35,419        1,300,231  

United Community Banks, Inc.

     47,730        1,510,654  

Univest Corp. of Pennsylvania

     18,182        503,641  

Veritex Holdings, Inc.*

     6,899        190,895  

Washington Trust Bancorp, Inc.

     11,602        623,608  

WesBanco, Inc.

     31,772        1,343,956  

West Bancorporation, Inc.

     12,087        309,427  

Westamerica Bancorporation(a)

     12,563        729,659  
     

 

 

 
Total Banks               65,143,688  
Beverages – 0.5%      

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

     8,026        1,517,315  

Coca-Cola Bottling Co. Consolidated

     3,062        528,716  

Craft Brew Alliance, Inc.*

     1,622        30,169  

MGP Ingredients, Inc.

     8,530        764,203  
     

 

 

 
Total Beverages               2,840,403  
Biotechnology – 1.4%      

BioSpecifics Technologies Corp.*

     4,522        200,506  

BioTime, Inc.*(a)

     338,060        909,381  

Concert Pharmaceuticals, Inc.*

     61,551        1,409,518  

Eagle Pharmaceuticals, Inc.*(a)

     29,678        1,563,734  

Emergent BioSolutions, Inc.*

     32,032        1,686,485  

Enanta Pharmaceuticals, Inc.*

     6,381        516,287  

PDL BioPharma, Inc.*

     485,880        1,428,487  

Repligen Corp.*

     10,090        365,056  
     

 

 

 
Total Biotechnology               8,079,454  
Building Products – 1.7%      

AAON, Inc.

     24,229        944,931  

Advanced Drainage Systems, Inc.

     15,428        399,585  

American Woodmark Corp.*

     10,408        1,024,668  

Apogee Enterprises, Inc.

     28,355        1,229,189  

Continental Building Products, Inc.*

     30,123        860,012  

CSW Industrials, Inc.*

     6,845        308,367  

Gibraltar Industries, Inc.*

     20,486        693,451  

Griffon Corp.

     27,563        503,025  

Insteel Industries, Inc.

     14,125        390,274  

NCI Building Systems, Inc.*

     42,747        756,622  

Patrick Industries, Inc.*

     18,730        1,158,450  

PGT Innovations, Inc.*

     25,241        470,745  

Ply Gem Holdings, Inc.*

     57,341        1,238,565  

Quanex Building Products Corp.

     10,750        187,050  
     

 

 

 
Total Building Products               10,164,934  
Capital Markets – 1.9%      

Artisan Partners Asset Management, Inc. Class A

     25,136        837,029  

B. Riley Financial, Inc.

     20,220        394,290  

Cowen, Inc. Class A*(a)

     5,724        75,557  

Diamond Hill Investment Group, Inc.

     3,173        655,415  

Donnelley Financial Solutions, Inc.*

     20,672        354,938  

Financial Engines, Inc.

     21,255        743,925  

Gain Capital Holdings, Inc.(a)

     24,777        167,245  

 

See Notes to Financial Statements.

 

74   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

GAMCO Investors, Inc. Class A

     33,193      $ 824,182  

Greenhill & Co., Inc.(a)

     15,181        280,848  

Hamilton Lane, Inc. Class A

     3,729        138,831  

Houlihan Lokey, Inc.

     39,557        1,764,242  

INTL FCStone, Inc.*

     13,369        570,589  

Moelis & Co. Class A

     18,080        919,368  

Oppenheimer Holdings, Inc. Class A

     971        25,003  

Piper Jaffray Cos.

     10,156        843,456  

PJT Partners, Inc. Class A

     3,202        160,420  

Pzena Investment Management, Inc. Class A

     20,993        233,652  

Virtus Investment Partners, Inc.

     4,040        500,152  

Waddell & Reed Financial, Inc. Class A(a)

     69,008        1,394,652  

Westwood Holdings Group, Inc.

     5,060        285,839  
     

 

 

 
Total Capital Markets               11,169,633  
Chemicals – 1.9%      

A. Schulman, Inc.

     12,180        523,740  

AdvanSix, Inc.*

     21,611        751,630  

American Vanguard Corp.

     14,142        285,668  

Chase Corp.

     6,124        713,140  

Core Molding Technologies, Inc.

     6,001        106,998  

Ferro Corp.*

     39,447        915,959  

FutureFuel Corp.

     31,891        382,373  

Hawkins, Inc.

     8,784        308,758  

Innophos Holdings, Inc.

     17,025        684,575  

Innospec, Inc.

     22,131        1,518,187  

KMG Chemicals, Inc.

     7,467        447,647  

Koppers Holdings, Inc.*

     18,333        753,486  

Kraton Corp.*

     8,903        424,762  

Rayonier Advanced Materials, Inc.

     25,281        542,783  

Stepan Co.

     20,399        1,696,789  

Trecora Resources*

     4,701        63,934  

Tredegar Corp.

     53,160        954,222  
     

 

 

 
Total Chemicals               11,074,651  
Commercial Services & Supplies – 4.5%      

ACCO Brands Corp.

     87,195        1,094,297  

Brady Corp. Class A

     43,596        1,619,592  

Ennis, Inc.

     25,747        507,216  

Essendant, Inc.

     24,906        194,267  

Heritage-Crystal Clean, Inc.*

     12,415        292,373  

Herman Miller, Inc.

     60,754        1,941,090  

HNI Corp.

     36,325        1,310,969  

InnerWorkings, Inc.*

     37,987        343,782  

Interface, Inc.

     37,737        950,972  

Kimball International, Inc. Class B

     36,542        622,676  

Knoll, Inc.

     58,084        1,172,716  

LSC Communications, Inc.

     71,497        1,247,623  

Matthews International Corp. Class A

     23,488        1,188,493  

McGrath RentCorp

     17,316        929,696  

Mobile Mini, Inc.

     25,507        1,109,555  

Multi-Color Corp.

     13,403        885,268  

NL Industries, Inc.*

     97,834        767,997  

Pitney Bowes, Inc.

     320,351        3,488,622  

Quad/Graphics, Inc.

     67,940        1,722,279  

SP Plus Corp.*

     19,449      692,384  

Steelcase, Inc. Class A

     148,536        2,020,090  

U.S. Ecology, Inc.

     9,013        480,393  

Viad Corp.

     22,193        1,164,023  

VSE Corp.

     10,940        565,817  
     

 

 

 
Total Commercial Services & Supplies               26,312,190  
Communications Equipment – 2.1%      

Acacia Communications, Inc.*(a)

     52,476        2,018,227  

ADTRAN, Inc.

     32,666        507,956  

Applied Optoelectronics, Inc.*(a)

     36,751        920,980  

CalAmp Corp.*

     2,557        58,504  

Clearfield, Inc.*

     5,247        67,686  

Comtech Telecommunications Corp.

     6,459        193,060  

Digi International, Inc.*

     17,096        176,089  

EMCORE Corp.*

     20,118        114,673  

Extreme Networks, Inc.*

     2,878        31,859  

NETGEAR, Inc.*

     24,524        1,402,773  

Oclaro, Inc.*

     371,918        3,555,536  

Plantronics, Inc.

     27,092        1,635,544  

Quantenna Communications, Inc.*

     2,726        37,346  

Viavi Solutions, Inc.*

     161,286        1,567,700  
     

 

 

 
Total Communications Equipment               12,287,933  
Construction & Engineering – 1.0%      

Ameresco, Inc. Class A*

     32,430        421,590  

Argan, Inc.

     31,411        1,349,103  

Comfort Systems USA, Inc.

     25,733        1,061,486  

Goldfield Corp. (The)*

     27,628        106,368  

IES Holdings, Inc.*

     65,743        996,006  

MYR Group, Inc.*

     7,476        230,410  

Primoris Services Corp.

     39,408        984,412  

Sterling Construction Co., Inc.*

     1,913        21,923  

Tutor Perini Corp.*

     45,681        1,007,266  
     

 

 

 
Total Construction & Engineering               6,178,564  
Construction Materials – 0.1%      

United States Lime & Minerals, Inc.

     3,979        291,183  
Consumer Finance – 1.2%      

Elevate Credit, Inc.*(a)

     1,309        9,268  

Encore Capital Group, Inc.*

     25,673        1,160,420  

Enova International, Inc.*

     25,591        564,281  

EZCORP, Inc. Class A*

     35,105        463,386  

Nelnet, Inc. Class A

     50,982        2,671,967  

PRA Group, Inc.*(a)

     20,389        774,782  

Regional Management Corp.*

     12,872        409,844  

World Acceptance Corp.*

     10,133        1,067,005  
     

 

 

 
Total Consumer Finance               7,120,953  
Containers & Packaging – 0.3%      

Greif, Inc. Class A

     25,258        1,319,731  

Myers Industries, Inc.

     7,300        154,395  
     

 

 

 
Total Containers & Packaging               1,474,126  
Distributors – 0.1%      

Core-Mark Holding Co., Inc.

     22,390        476,011  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      75  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Weyco Group, Inc.

     10,131      $ 340,402  
     

 

 

 
Total Distributors               816,413  
Diversified Consumer Services – 0.5%      

American Public Education, Inc.*

     13,043        560,849  

Bridgepoint Education, Inc.*

     4,172        28,119  

Capella Education Co.

     8,697        759,683  

Career Education Corp.*

     6,545        86,001  

Carriage Services, Inc.

     12,106        334,852  

Collectors Universe, Inc.

     6,324        99,350  

K12, Inc.*

     6,977        98,934  

Liberty Tax, Inc.

     17,771        179,487  

Strayer Education, Inc.

     7,168        724,327  
     

 

 

 
Total Diversified Consumer Services               2,871,602  
Diversified Financial Services – 0.0%      

Marlin Business Services Corp.

     8,009        227,055  
Diversified Telecommunication Services – 0.4%      

Cincinnati Bell, Inc.*

     33,210        459,959  

Cogent Communications Holdings, Inc.

     6,774        293,992  

IDT Corp. Class B*

     12,730        79,817  

Iridium Communications, Inc.*(a)

     141,146        1,587,892  
     

 

 

 
Total Diversified Telecommunication Services               2,421,660  
Electric Utilities – 0.2%      

Otter Tail Corp.

     26,218        1,136,550  

Spark Energy, Inc. Class A(a)

     13,927        165,035  
     

 

 

 
Total Electric Utilities               1,301,585  
Electrical Equipment – 1.4%      

Allied Motion Technologies, Inc.

     4,735        188,216  

Atkore International Group, Inc.*

     64,943        1,289,119  

AZZ, Inc.

     18,873        824,750  

Encore Wire Corp.

     18,463        1,046,852  

LSI Industries, Inc.

     10,450        84,750  

Powell Industries, Inc.

     927        24,881  

Preformed Line Products Co.

     3,827        249,099  

Sunrun, Inc.*(a)

     284,655        2,541,969  

Thermon Group Holdings, Inc.*

     10,617        237,927  

TPI Composites, Inc.*

     34,985        785,413  

Vivint Solar, Inc.*(a)

     223,736        816,636  
     

 

 

 
Total Electrical Equipment               8,089,612  
Electronic Equipment, Instruments & Components – 3.6%  

Badger Meter, Inc.

     12,640        595,976  

Bel Fuse, Inc. Class B

     8,789        166,112  

Benchmark Electronics, Inc.

     36,813        1,098,868  

Control4 Corp.*

     8,137        174,783  

CTS Corp.

     24,152        656,934  

Daktronics, Inc.

     20,990        184,922  

ePlus, Inc.*

     12,295        955,321  

FARO Technologies, Inc.*

     137        8,001  

Insight Enterprises, Inc.*

     45,778        1,599,026  

KEMET Corp.*

     362,570        6,573,394  

Kimball Electronics, Inc.*

     27,091        437,520  

Mesa Laboratories, Inc.(a)

     1,448        214,941  

Methode Electronics, Inc.

     37,657      1,472,389  

MTS Systems Corp.

     7,862        406,072  

OSI Systems, Inc.*

     7,800        509,106  

Park Electrochemical Corp.

     6,161        103,751  

PC Connection, Inc.

     30,895        772,375  

PCM, Inc.*

     17,777        147,549  

Plexus Corp.*

     31,696        1,893,202  

ScanSource, Inc.*

     25,749        915,377  

Systemax, Inc.

     26,984        770,393  

TTM Technologies, Inc.*

     80,669        1,233,429  

Vishay Precision Group, Inc.*

     7,930        247,020  
     

 

 

 
Total Electronic Equipment, Instruments & Components        21,136,461  
Energy Equipment & Services – 0.6%  

Basic Energy Services, Inc.*

     53,415        771,313  

Fairmount Santrol Holdings, Inc.*(a)

     47,838        203,311  

Key Energy Services, Inc.*(a)

     144,867        1,697,841  

Natural Gas Services Group, Inc.*

     1,849        44,099  

NCS Multistage Holdings, Inc.*(a)

     4,064        60,960  

Newpark Resources, Inc.*

     5,255        42,566  

Smart Sand, Inc.*(a)

     46,693        271,753  

Solaris Oilfield Infrastructure, Inc. Class A*

     1,349        22,339  

Unit Corp.*

     26,955        532,631  
     

 

 

 
Total Energy Equipment & Services               3,646,813  
Equity Real Estate Investment Trusts (REITs) – 3.2%  

Agree Realty Corp.

     13,858        665,738  

Alexander & Baldwin, Inc.

     12,188        281,908  

American Assets Trust, Inc.

     9,863        329,523  

Armada Hoffler Properties, Inc.

     16,720        228,897  

CareTrust REIT, Inc.

     22,525        301,835  

CBL & Associates Properties, Inc.(a)

     242,338        1,010,549  

Chatham Lodging Trust

     14,959        286,465  

Chesapeake Lodging Trust

     21,628        601,475  

Community Healthcare Trust, Inc.

     1,277        32,870  

CorEnergy Infrastructure Trust, Inc.

     9,375        351,938  

Easterly Government Properties, Inc.

     2,115        43,146  

Farmland Partners, Inc.(a)

     2,883        24,073  

Four Corners Property Trust, Inc.

     42,211        974,652  

Getty Realty Corp.

     17,474        440,694  

Gladstone Land Corp.

     298        3,600  

Global Net Lease, Inc.

     17,872        301,679  

Government Properties Income Trust

     28,999        396,126  

Hersha Hospitality Trust(a)

     60,632        1,085,313  

InfraREIT, Inc.

     31,603        614,046  

Jernigan Capital, Inc.(a)

     8,414        152,293  

Kite Realty Group Trust

     8,250        125,648  

LTC Properties, Inc.

     24,325        924,350  

Mack-Cali Realty Corp.

     11,665        194,922  

MedEquities Realty Trust, Inc.

     21,116        221,929  

Monmouth Real Estate Investment Corp.

     14,765        222,066  

National Storage Affiliates Trust

     6,226        156,148  

NexPoint Residential Trust, Inc.

     26,318        653,739  

One Liberty Properties, Inc.

     11,251        248,647  

PotlatchDeltic Corp.

     26,038        1,355,278  

 

See Notes to Financial Statements.

 

76   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Ramco-Gershenson Properties Trust

     41,617      $ 514,386  

Retail Opportunity Investments Corp.

     23,370        412,948  

Safety Income & Growth, Inc.(a)

     2,035        32,540  

Saul Centers, Inc.

     7,177        365,812  

Summit Hotel Properties, Inc.

     66,648        907,079  

Terreno Realty Corp.

     13,545        467,438  

Tier REIT, Inc.

     55,179        1,019,708  

Universal Health Realty Income Trust

     6,835        410,783  

Urstadt Biddle Properties, Inc. Class A

     22,440        433,092  

Washington Prime Group, Inc.

     282,859        1,886,670  

Whitestone REIT(a)

     5,899        61,291  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)        18,741,294  
Food & Staples Retailing – 0.9%  

Andersons, Inc. (The)

     13,326        441,091  

Chefs’ Warehouse, Inc. (The)*

     11,439        263,097  

Ingles Markets, Inc. Class A

     26,336        891,474  

Natural Grocers by Vitamin Cottage, Inc.*

     14,550        104,178  

Rite Aid Corp.*(a)

     809,417        1,359,820  

Smart & Final Stores, Inc.*

     14,799        82,134  

SpartanNash Co.

     32,899        566,192  

Village Super Market, Inc. Class A

     16,855        444,466  

Weis Markets, Inc.

     31,352        1,284,805  
     

 

 

 
Total Food & Staples Retailing               5,437,257  
Food Products – 0.6%  

Calavo Growers, Inc.

     8,785        809,977  

Dean Foods Co.

     62,656        540,095  

Farmer Brothers Co.*

     11,100        335,220  

John B. Sanfilippo & Son, Inc.

     10,232        592,126  

Landec Corp.*

     15,785        205,994  

Limoneira Co.

     6,781        160,913  

Seneca Foods Corp. Class A*

     2,659        73,654  

Tootsie Roll Industries, Inc.(a)

     32,754        964,600  
     

 

 

 
Total Food Products               3,682,579  
Gas Utilities – 0.3%  

Chesapeake Utilities Corp.

     9,175        645,461  

Northwest Natural Gas Co.

     16,101        928,223  

RGC Resources, Inc.

     3,825        97,155  
     

 

 

 
Total Gas Utilities               1,670,839  
Health Care Equipment & Supplies – 1.1%  

Abaxis, Inc.

     9,944        702,245  

Analogic Corp.

     74        7,097  

AngioDynamics, Inc.*

     3,411        58,840  

Anika Therapeutics, Inc.*

     10,266        510,426  

Atrion Corp.

     916        578,271  

CONMED Corp.

     9,135        578,520  

CryoLife, Inc.*

     8,659        173,613  

Cutera, Inc.*

     4,253        213,713  

Integer Holdings Corp.*

     7,788        440,411  

Lantheus Holdings, Inc.*

     25,860        411,174  

LeMaitre Vascular, Inc.

     8,323        301,542  

Meridian Bioscience, Inc.

     34,268        486,606  

OraSure Technologies, Inc.*

     22,725        383,825  

Surmodics, Inc.*

     2,641      100,490  

Tactile Systems Technology, Inc.*(a)

     3,570        113,526  

Utah Medical Products, Inc.

     2,950        291,607  

Varex Imaging Corp.*

     23,733        849,167  
     

 

 

 
Total Health Care Equipment & Supplies               6,201,073  
Health Care Providers & Services – 3.7%  

Aceto Corp.

     12,686        96,414  

Addus HomeCare Corp.*

     9,448        459,645  

Almost Family, Inc.*

     4,672        261,632  

Amedisys, Inc.*

     20,964        1,264,968  

BioTelemetry, Inc.*

     25,306        785,751  

Civitas Solutions, Inc.*

     26,742        411,827  

CorVel Corp.*

     10,148        512,981  

Cross Country Healthcare, Inc.*

     2,436        27,064  

Diplomat Pharmacy, Inc.*

     6,594        132,869  

Ensign Group, Inc. (The)

     41,813        1,099,682  

LHC Group, Inc.*

     11,543        710,587  

LifePoint Health, Inc.*

     69,250        3,254,750  

Magellan Health, Inc.*

     15,855        1,698,071  

National HealthCare Corp.

     13,303        793,258  

National Research Corp. Class A

     11,072        323,856  

Owens & Minor, Inc.

     69,859        1,086,307  

Premier, Inc. Class A*

     198,360        6,210,652  

RadNet, Inc.*

     19,053        274,363  

Tivity Health, Inc.*

     31,418        1,245,724  

Triple-S Management Corp. Class B*

     28,051        733,253  

U.S. Physical Therapy, Inc.

     4,934        401,134  
     

 

 

 
Total Health Care Providers & Services               21,784,788  
Health Care Technology – 0.2%  

Computer Programs & Systems, Inc.(a)

     3,607        105,324  

HealthStream, Inc.

     4,364        108,358  

HMS Holdings Corp.*

     26,776        450,908  

Inovalon Holdings, Inc. Class A*

     19,994        211,937  

Quality Systems, Inc.*

     32,822        448,020  
     

 

 

 
Total Health Care Technology               1,324,547  
Hotels, Restaurants & Leisure – 3.1%  

BBX Capital Corp.

     76,416        703,791  

Biglari Holdings, Inc.*

     2,437        995,295  

BJ’s Restaurants, Inc.

     16,103        723,025  

Bloomin’ Brands, Inc.

     63,602        1,544,257  

Bojangles’, Inc.*

     45,280        627,128  

Brinker International, Inc.(a)

     63,269        2,284,011  

Carrols Restaurant Group, Inc.*

     31,787        356,014  

Chuy’s Holdings, Inc.*

     10,417        272,925  

Del Frisco’s Restaurant Group, Inc.*

     12,837        195,764  

El Pollo Loco Holdings, Inc.*

     13,380        127,110  

Fogo De Chao, Inc.*

     31,181        491,101  

Golden Entertainment, Inc.*

     13,378        310,771  

Habit Restaurants, Inc. (The) Class A*

     7,852        69,098  

International Speedway Corp. Class A

     28,247        1,245,693  

J Alexander’s Holdings, Inc.*

     8,829        101,092  

La Quinta Holdings, Inc.*

     31,381        593,415  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      77  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Marcus Corp. (The)

     24,555      $ 745,244  

Monarch Casino & Resort, Inc.*

     10,356        437,955  

Nathan’s Famous, Inc.

     1,462        108,042  

Papa John’s International, Inc.(a)

     32,030        1,835,319  

Pinnacle Entertainment, Inc.*

     24,725        745,459  

Potbelly Corp.*

     3,533        42,573  

RCI Hospitality Holdings, Inc.

     7,717        219,086  

Red Robin Gourmet Burgers, Inc.*

     4,182        242,556  

Red Rock Resorts, Inc. Class A

     14,176        415,073  

Ruth’s Hospitality Group, Inc.

     24,341        595,137  

Shake Shack, Inc. Class A*(a)

     5,845        243,327  

Sonic Corp.(a)

     39,777        1,003,574  

Speedway Motorsports, Inc.

     31,226        556,447  

Wingstop, Inc.

     8,833        417,183  

Zoe’s Kitchen, Inc.*(a)

     650        9,386  
     

 

 

 
Total Hotels, Restaurants & Leisure               18,256,851  
Household Durables – 2.5%  

AV Homes, Inc.*(a)

     18,770        348,183  

Bassett Furniture Industries, Inc.

     8,868        269,144  

Beazer Homes USA, Inc.*

     27,189        433,665  

Cavco Industries, Inc.*

     4,856        843,730  

Century Communities, Inc.*

     27,549        825,093  

CSS Industries, Inc.

     12,837        224,647  

Ethan Allen Interiors, Inc.

     19,239        441,535  

Flexsteel Industries, Inc.

     8,868        350,995  

Hooker Furniture Corp.

     11,401        418,417  

iRobot Corp.*(a)

     15,655        1,004,894  

La-Z-Boy, Inc.

     45,821        1,372,339  

LGI Homes, Inc.*(a)

     24,194        1,707,371  

Lifetime Brands, Inc.

     15,017        186,211  

M/I Homes, Inc.*

     34,278        1,091,754  

MDC Holdings, Inc.

     84,838        2,368,677  

New Home Co., Inc. (The)*

     27,775        307,747  

Taylor Morrison Home Corp. Class A*

     63,671        1,482,261  

Universal Electronics, Inc.*

     3,597        187,224  

William Lyon Homes Class A*

     35,295        970,260  

ZAGG, Inc.*

     2,327        28,389  
     

 

 

 
Total Household Durables               14,862,536  
Household Products – 0.4%  

Central Garden and Pet Co. Class A*

     34,704        1,374,625  

Oil-Dri Corp. of America

     4,319        173,581  

Orchids Paper Products Co.(a)

     1,004        8,183  

WD-40 Co.

     7,539        992,886  
     

 

 

 
Total Household Products               2,549,275  
Independent Power & Renewable Electricity Producers – 0.1%  

NRG Yield, Inc. Class C

     38,175        648,975  

Pattern Energy Group, Inc. Class A

     2,766        47,824  
     

 

 

 
Total Independent Power & Renewable Electricity Producers        696,799  
Industrial Conglomerates – 0.1%  

Raven Industries, Inc.

     18,989        665,564  
Insurance – 2.6%  

AMERISAFE, Inc.

     12,131      670,238  

Baldwin & Lyons, Inc. Class B

     3,852        84,744  

Citizens, Inc.*(a)

     9,800        71,736  

Crawford & Co. Class B

     45,375        372,983  

Donegal Group, Inc. Class A

     11,337        179,125  

EMC Insurance Group, Inc.

     14,940        404,575  

Employers Holdings, Inc.

     27,368        1,107,036  

FBL Financial Group, Inc. Class A

     19,707        1,366,680  

Genworth Financial, Inc. Class A*

     1,326,331        3,753,517  

Health Insurance Innovations, Inc. Class A*

     7,848        226,807  

Heritage Insurance Holdings, Inc.(a)

     1,093        16,570  

Horace Mann Educators Corp.

     17,822        761,890  

Infinity Property & Casualty Corp.

     6,131        725,910  

Investors Title Co.

     1,350        269,865  

Kinsale Capital Group, Inc.

     7,820        401,401  

National Western Life Group, Inc. Class A

     3,527        1,075,312  

Navigators Group, Inc. (The)

     9,156        527,843  

Safety Insurance Group, Inc.

     9,820        754,667  

State Auto Financial Corp.

     11,754        335,812  

Stewart Information Services Corp.

     15,845        696,229  

United Fire Group, Inc.

     3,228        154,492  

Universal Insurance Holdings, Inc.

     40,609        1,295,427  
     

 

 

 
Total Insurance               15,252,859  
Internet & Catalog Retail – 0.5%  

1-800-Flowers.com, Inc. Class A*

     76,322        900,600  

Duluth Holdings, Inc. Class B*(a)

     19,957        373,795  

Liberty TripAdvisor Holdings, Inc. Class A*

     12,395        133,246  

Nutrisystem, Inc.

     18,696        503,857  

PetMed Express, Inc.(a)

     12,263        511,980  

Shutterfly, Inc.*

     3,642        295,912  
     

 

 

 
Total Internet & Catalog Retail               2,719,390  
Internet Software & Services – 3.0%  

Alarm.com Holdings, Inc.*

     14,828        559,609  

Appfolio, Inc. Class A*

     2,301        93,996  

Blucora, Inc.*

     2,184        53,726  

Care.com, Inc.*

     3,672        59,743  

Cars.com, Inc.*(a)

     78,167        2,214,471  

CommerceHub, Inc. Series A*

     9,451        212,648  

Etsy, Inc.*

     14,180        397,891  

Match Group, Inc.*(a)

     257,264        11,432,812  

NIC, Inc.

     57,677        767,104  

Shutterstock, Inc.*

     9,863        474,904  

SPS Commerce, Inc.*

     2,904        186,059  

TechTarget, Inc.*

     4,807        95,563  

Trade Desk, Inc. (The) Class A*(a)

     17,164        851,678  

Web.com Group, Inc.*

     19,738        357,258  

XO Group, Inc.*

     7,787        161,580  
     

 

 

 
Total Internet Software & Services               17,919,042  
IT Services – 1.7%  

Cass Information Systems, Inc.

     7,148        425,378  

CSG Systems International, Inc.

     23,173        1,049,505  

 

See Notes to Financial Statements.

 

78   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

ExlService Holdings, Inc.*

     20,730      $ 1,156,112  

Hackett Group, Inc. (The)

     27,031        434,118  

ManTech International Corp. Class A

     20,310        1,126,596  

MoneyGram International, Inc.*

     41,115        354,411  

Perficient, Inc.*

     14,619        335,067  

Presidio, Inc.*

     16,009        250,381  

StarTek, Inc.*

     3,746        36,636  

Sykes Enterprises, Inc.*

     37,747        1,092,398  

Syntel, Inc.*

     115,747        2,955,021  

TTEC Holdings, Inc.

     22,063        677,334  

Virtusa Corp.*

     8,357        404,980  
     

 

 

 
Total IT Services               10,297,937  
Leisure Products – 1.7%  

Acushnet Holdings Corp.

     69,093        1,595,357  

American Outdoor Brands Corp.*(a)

     115,435        1,191,289  

Callaway Golf Co.

     219,553        3,591,887  

Johnson Outdoors, Inc. Class A

     9,136        566,432  

Malibu Boats, Inc. Class A*

     16,526        548,829  

Marine Products Corp.

     22,025        308,570  

MCBC Holdings, Inc.*

     14,707        370,616  

Nautilus, Inc.*

     39,342        529,150  

Sturm Ruger & Co., Inc.(a)

     20,973        1,101,083  
     

 

 

 
Total Leisure Products               9,803,213  
Life Sciences Tools & Services – 0.5%  

Cambrex Corp.*

     35,381        1,850,426  

Luminex Corp.

     24,006        505,806  

Medpace Holdings, Inc.*

     13,837        483,050  
     

 

 

 
Total Life Sciences Tools & Services               2,839,282  
Machinery – 5.6%  

Alamo Group, Inc.

     7,383        811,392  

Albany International Corp. Class A

     11,426        716,410  

Altra Industrial Motion Corp.

     14,801        680,106  

American Railcar Industries, Inc.

     22,816        853,547  

Astec Industries, Inc.

     12,299        678,659  

Blue Bird Corp.*

     20,700        490,590  

Briggs & Stratton Corp.

     37,346        799,578  

CIRCOR International, Inc.

     5,636        240,432  

Columbus McKinnon Corp.

     9,547        342,164  

Commercial Vehicle Group, Inc.*

     9,627        74,609  

Douglas Dynamics, Inc.

     13,912        603,085  

Eastern Co. (The)

     4,931        140,534  

Energy Recovery, Inc.*(a)

     5,971        49,082  

EnPro Industries, Inc.

     97,085        7,512,437  

ESCO Technologies, Inc.

     14,687        859,924  

Federal Signal Corp.

     36,897        812,472  

Franklin Electric Co., Inc.

     33,047        1,346,665  

Gencor Industries, Inc.*

     8,984        144,642  

Global Brass & Copper Holdings, Inc.

     27,322        913,921  

Gorman-Rupp Co. (The)

     14,087        412,045  

Graham Corp.

     3,805        81,503  

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

     38,386        1,928,896  

Hardinge, Inc.

     6,133        112,357  

Harsco Corp.*

     25,744      531,614  

Hurco Cos., Inc.

     4,808        220,687  

Hyster-Yale Materials Handling, Inc.

     12,911        902,866  

Kadant, Inc.

     6,461        610,564  

Lindsay Corp.

     4,312        394,289  

Lydall, Inc.*

     14,115        681,049  

Miller Industries, Inc.

     12,358        308,950  

Mueller Industries, Inc.

     46,960        1,228,474  

Mueller Water Products, Inc. Class A

     76,942        836,360  

Omega Flex, Inc.

     4,198        273,290  

Park-Ohio Holdings Corp.

     11,021        428,166  

REV Group, Inc.

     13,125        272,475  

Spartan Motors, Inc.

     15,454        265,809  

SPX Corp.*

     13,676        444,196  

SPX FLOW, Inc.*

     8,576        421,853  

Standex International Corp.

     7,850        748,497  

Sun Hydraulics Corp.

     9,649        516,800  

Tennant Co.

     3,438        232,753  

Twin Disc, Inc.*

     858        18,653  

Wabash National Corp.

     72,389        1,506,415  

Watts Water Technologies, Inc. Class A

     21,922        1,703,339  
     

 

 

 
Total Machinery               33,152,149  
Marine – 0.2%  

Matson, Inc.

     51,068        1,462,588  
Media – 2.3%  

Clear Channel Outdoor Holdings, Inc. Class A

     22,868        112,053  

Emerald Expositions Events, Inc.

     9,221        179,625  

Entercom Communications Corp. Class A(a)

     17,128        165,285  

Entravision Communications Corp. Class A

     378,238        1,777,719  

EW Scripps Co. (The) Class A

     41,780        500,942  

Gannett Co., Inc.

     68,530        683,929  

Gray Television, Inc.*

     155,344        1,972,869  

Hemisphere Media Group, Inc.*(a)

     21,768        244,890  

Loral Space & Communications, Inc.*

     20,931        871,776  

MSG Networks, Inc. Class A*

     148,810        3,363,106  

National CineMedia, Inc.

     52,587        272,927  

Scholastic Corp.

     11,634        451,865  

Townsquare Media, Inc. Class A

     42,674        338,405  

tronc, Inc.*

     25,464        418,119  

WideOpenWest, Inc.*(a)

     201,207        1,438,630  

World Wrestling Entertainment, Inc. Class A

     20,436        735,900  
     

 

 

 
Total Media               13,528,040  
Metals & Mining – 2.7%  

AK Steel Holding Corp.*(a)

     180,113        815,912  

Cleveland-Cliffs, Inc.*

     456,210        3,170,659  

Gold Resource Corp.

     28,284        127,561  

Hecla Mining Co.

     117,317        430,553  

Kaiser Aluminum Corp.

     14,602        1,473,342  

Materion Corp.

     9,699        495,134  

Olympic Steel, Inc.

     10,253        210,289  

Ryerson Holding Corp.*

     15,304        124,727  

Schnitzer Steel Industries, Inc. Class A

     26,305        850,967  

SunCoke Energy, Inc.*

     8,868        95,420  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      79  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Warrior Met Coal, Inc.(a)

     282,804      $ 7,921,340  
     

 

 

 
Total Metals & Mining               15,715,904  
Multi-Utilities – 0.1%  

Unitil Corp.

     9,657        448,181  
Multiline Retail – 0.5%  

Dillard’s, Inc. Class A(a)

     35,335        2,838,814  
Oil, Gas & Consumable Fuels – 3.0%  

Carrizo Oil & Gas, Inc.*(a)

     86,878        1,390,048  

Evolution Petroleum Corp.

     20,389        164,131  

Green Plains, Inc.

     34,460        578,928  

NACCO Industries, Inc. Class A

     16,675        547,774  

Overseas Shipholding Group, Inc. Class A*

     455,089        1,292,453  

Panhandle Oil and Gas, Inc. Class A

     2,504        48,327  

Par Pacific Holdings, Inc.*

     56,467        969,538  

Penn Virginia Corp.*

     21,492        753,080  

REX American Resources Corp.*

     6,706        488,197  

Ring Energy, Inc.*

     7,044        101,081  

SilverBow Resources, Inc.*

     29,295        852,485  

SRC Energy, Inc.*

     193,609        1,825,733  

Stone Energy Corp.*

     168,951        6,268,082  

W&T Offshore, Inc.*

     372,274        1,649,174  

WildHorse Resource Development Corp.*(a)

     17,748        338,809  

World Fuel Services Corp.

     15,566        382,145  
     

 

 

 
Total Oil, Gas & Consumable Fuels               17,649,985  
Paper & Forest Products – 1.0%  

Boise Cascade Co.

     29,447        1,136,654  

Clearwater Paper Corp.*

     10,068        393,659  

KapStone Paper and Packaging Corp.

     58,402        2,003,773  

Neenah, Inc.

     14,713        1,153,499  

PH Glatfelter Co.

     1,870        38,391  

Schweitzer-Mauduit International, Inc.

     30,268        1,184,992  
     

 

 

 
Total Paper & Forest Products               5,910,968  
Personal Products – 0.6%  

elf Beauty, Inc.*(a)

     14,385        278,637  

Inter Parfums, Inc.

     15,954        752,231  

Medifast, Inc.

     5,850        546,683  

USANA Health Sciences, Inc.*

     21,887        1,880,093  
     

 

 

 
Total Personal Products               3,457,644  
Pharmaceuticals – 0.9%  

Amphastar Pharmaceuticals, Inc.*

     600        11,250  

ANI Pharmaceuticals, Inc.*

     2,812        163,715  

Innoviva, Inc.*

     134,129        2,235,931  

Lannett Co., Inc.*(a)

     26,823        430,509  

Phibro Animal Health Corp. Class A

     35,916        1,425,865  

Supernus Pharmaceuticals, Inc.*

     26,229        1,201,288  
     

 

 

 
Total Pharmaceuticals               5,468,558  
Professional Services – 1.7%      

Barrett Business Services, Inc.

     6,139        508,800  

BG Staffing, Inc.

     9,492        180,253  

CBIZ, Inc.*

     52,706        961,885  

CRA International, Inc.

     4,705        246,024  

Exponent, Inc.

     13,019      1,023,944  

Forrester Research, Inc.

     7,050        292,223  

FTI Consulting, Inc.*

     19,174        928,213  

GP Strategies Corp.*

     14,762        334,359  

Heidrick & Struggles International, Inc.

     10,180        318,125  

ICF International, Inc.

     15,772        921,873  

Kelly Services, Inc. Class A

     43,487        1,262,863  

Kforce, Inc.

     24,097        651,824  

Navigant Consulting, Inc.*

     42,402        815,814  

Resources Connection, Inc.

     17,094        276,923  

RPX Corp.

     24,915        266,341  

TrueBlue, Inc.*

     35,945        930,976  

Willdan Group, Inc.*

     7,133        202,221  
     

 

 

 
Total Professional Services               10,122,661  
Real Estate Management & Development – 0.8%  

Consolidated-Tomoka Land Co.

     4,462        280,437  

Forestar Group, Inc.*(a)

     37,969        803,044  

FRP Holdings, Inc.*

     9,133        511,448  

HFF, Inc. Class A

     24,133        1,199,410  

Marcus & Millichap, Inc.*

     23,837        859,562  

Maui Land & Pineapple Co., Inc.*

     15,456        180,063  

Rafael Holdings, Inc. Class B*

     6,365        30,870  

RE/MAX Holdings, Inc. Class A

     5,485        331,568  

St. Joe Co. (The)*

     13,404        252,666  
     

 

 

 
Total Real Estate Management & Development        4,449,068  
Road & Rail – 0.5%  

ArcBest Corp.

     11,230        359,922  

Celadon Group, Inc.(a)

     7,461        27,606  

Covenant Transportation Group, Inc. Class A*

     7,212        215,134  

Heartland Express, Inc.

     38,167        686,624  

Marten Transport Ltd.

     28,924        659,467  

Roadrunner Transportation Systems, Inc.*

     50,049        127,124  

Saia, Inc.*

     13,468        1,012,120  
     

 

 

 
Total Road & Rail               3,087,997  
Semiconductors & Semiconductor Equipment – 1.4%  

Amtech Systems, Inc.*

     2,378        17,407  

Axcelis Technologies, Inc.*

     23,273        572,516  

AXT, Inc.*

     17,689        128,245  

Brooks Automation, Inc.

     44,303        1,199,725  

Ceva, Inc.*

     7,144        258,613  

Cohu, Inc.

     22,539        514,115  

CyberOptics Corp.*(a)

     7,355        132,390  

Diodes, Inc.*

     18,619        567,135  

FormFactor, Inc.*

     22,514        307,316  

MaxLinear, Inc. Class A*

     13,088        297,752  

Nanometrics, Inc.*

     32,825        882,992  

PDF Solutions, Inc.*(a)

     4,693        54,720  

Photronics, Inc.*

     25,938        213,989  

Rambus, Inc.*

     11,911        159,965  

Rudolph Technologies, Inc.*

     23,160        641,532  

Synaptics, Inc.*

     11,236        513,822  

Ultra Clean Holdings, Inc.*

     52,613        1,012,800  

 

See Notes to Financial Statements.

 

80   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Xcerra Corp.*

     70,252      $ 818,436  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        8,293,470  
Software – 0.3%  

American Software, Inc. Class A

     22,263        289,419  

Imperva, Inc.*

     3,755        162,591  

MicroStrategy, Inc. Class A*

     9,499        1,225,276  

Monotype Imaging Holdings, Inc.

     295        6,623  

Progress Software Corp.

     3,039        116,850  

Zix Corp.*

     26,547        113,356  
     

 

 

 
Total Software               1,914,115  
Specialty Retail – 5.7%  

America’s Car-Mart, Inc.*

     8,056        406,425  

Asbury Automotive Group, Inc.*

     40,552        2,737,260  

At Home Group, Inc.*

     22,026        705,713  

Barnes & Noble, Inc.

     63,003        311,865  

Big 5 Sporting Goods Corp.(a)

     50,043        362,812  

Boot Barn Holdings, Inc.*

     16,573        293,839  

Buckle, Inc. (The)(a)

     63,817        1,413,546  

Build-A-Bear Workshop, Inc.*

     6,337        57,984  

Caleres, Inc.

     31,105        1,045,128  

Camping World Holdings, Inc. Class A

     18,455        595,174  

Cato Corp. (The) Class A

     12,567        185,238  

Chico’s FAS, Inc.

     160,660        1,452,366  

Citi Trends, Inc.

     9,318        288,019  

Container Store Group, Inc. (The)*

     14,811        80,572  

DSW, Inc. Class A

     66,893        1,502,417  

Express, Inc.*

     28,084        201,081  

Finish Line, Inc. (The) Class A

     19,981        270,543  

Francesca’s Holdings Corp.*

     100,232        481,114  

GameStop Corp. Class A(a)

     313,899        3,961,405  

Genesco, Inc.*

     40,326        1,637,236  

Group 1 Automotive, Inc.

     25,688        1,678,454  

Haverty Furniture Cos., Inc.

     19,280        388,492  

Hibbett Sports, Inc.*

     32,569        780,027  

J. Jill, Inc.*(a)

     71,400        315,588  

Kirkland’s, Inc.*

     9,635        93,363  

MarineMax, Inc.*

     18,648        362,704  

Monro, Inc.

     19,638        1,052,597  

Office Depot, Inc.

     1,319,403        2,836,716  

Party City Holdco, Inc.*(a)

     161,115        2,513,394  

Pier 1 Imports, Inc.

     95,227        306,631  

RH*(a)

     185        17,627  

Shoe Carnival, Inc.

     14,662        348,956  

Sleep Number Corp.*

     27,653        972,003  

Sonic Automotive, Inc. Class A

     49,039        929,289  

Sportsman’s Warehouse Holdings, Inc.*(a)

     69,516        283,625  

Tailored Brands, Inc.

     51,804        1,298,208  

Tile Shop Holdings, Inc.

     33,831        202,986  

Tilly’s, Inc. Class A

     19,243        217,446  

Winmark Corp.

     2,965        387,822  

Zumiez, Inc.*

     19,032        454,865  
     

 

 

 
Total Specialty Retail               33,430,530  
Technology Hardware, Storage & Peripherals – 0.3%  

Cray, Inc.*

     11,626      240,658  

Eastman Kodak Co.*(a)

     32,894        175,983  

Electronics For Imaging, Inc.*

     19,151        523,397  

Intevac, Inc.*

     16,801        115,927  

Super Micro Computer, Inc.*(a)

     55,384        941,528  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        1,997,493  
Textiles, Apparel & Luxury Goods – 0.7%  

Culp, Inc.

     11,676        356,702  

Delta Apparel, Inc.*

     8,951        161,297  

G-III Apparel Group Ltd.*

     15,668        590,370  

Lakeland Industries, Inc.*

     6,698        86,739  

Movado Group, Inc.

     13,595        522,048  

Oxford Industries, Inc.

     11,943        890,470  

Perry Ellis International, Inc.*

     12,261        316,334  

Rocky Brands, Inc.

     4,042        86,701  

Superior Uniform Group, Inc.

     11,632        305,572  

Unifi, Inc.*

     15,572        564,485  

Vera Bradley, Inc.*

     15,749        167,097  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               4,047,815  
Thrifts & Mortgage Finance – 4.0%  

BankFinancial Corp.

     7,940        134,821  

Beneficial Bancorp, Inc.

     25,449        395,732  

BofI Holding, Inc.*(a)

     63,448        2,571,547  

Capitol Federal Financial, Inc.

     77,311        954,791  

Clifton Bancorp, Inc.

     4,472        69,987  

Dime Community Bancshares, Inc.

     22,097        406,585  

Entegra Financial Corp.*

     3,401        98,629  

Federal Agricultural Mortgage Corp. Class C

     14,078        1,225,068  

First Defiance Financial Corp.

     6,872        393,903  

Hingham Institution for Savings

     1,521        313,326  

Home Bancorp, Inc.

     5,181        223,664  

HomeStreet, Inc.*

     15,597        446,854  

Impac Mortgage Holdings, Inc.*(a)

     34,630        273,577  

Kearny Financial Corp.

     16,419        213,447  

Meridian Bancorp, Inc.

     28,039        564,986  

Meta Financial Group, Inc.

     6,260        683,592  

Nationstar Mortgage Holdings, Inc.*

     134,636        2,418,062  

NMI Holdings, Inc. Class A*

     61,264        1,013,919  

Northfield Bancorp, Inc.

     24,993        390,141  

Northwest Bancshares, Inc.

     72,918        1,207,522  

OceanFirst Financial Corp.

     46,796        1,251,793  

Oritani Financial Corp.

     38,671        593,600  

PennyMac Financial Services, Inc. Class A*

     35,693        808,446  

Provident Financial Services, Inc.

     45,098        1,154,058  

Riverview Bancorp, Inc.

     12,891        120,402  

Southern Missouri Bancorp, Inc.

     5,222        191,125  

Territorial Bancorp, Inc.

     7,121        211,209  

Timberland Bancorp, Inc.

     6,325        192,280  

TrustCo Bank Corp.

     64,656        546,343  

United Community Financial Corp.

     29,042        286,354  

United Financial Bancorp, Inc.

     41,985        680,157  

Walker & Dunlop, Inc.

     38,340        2,278,163  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      81  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Earnings Fund (EES)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Waterstone Financial, Inc.

     19,647      $ 339,893  

Western New England Bancorp, Inc.

     16,391        174,564  

WSFS Financial Corp.

     20,011        958,527  
     

 

 

 
Total Thrifts & Mortgage Finance               23,787,067  
Tobacco – 0.2%  

Turning Point Brands, Inc.

     34,053        661,990  

Universal Corp.

     12,177        590,585  
     

 

 

 
Total Tobacco               1,252,575  
Trading Companies & Distributors – 0.9%  

BMC Stock Holdings, Inc.*

     37,220        727,651  

CAI International, Inc.*

     16,003        340,224  

DXP Enterprises, Inc.*

     11,293        439,862  

EnviroStar, Inc.(a)

     1,573        61,740  

GMS, Inc.*

     24,992        763,756  

H&E Equipment Services, Inc.

     16,771        645,516  

Kaman Corp.

     15,169        942,298  

Rush Enterprises, Inc. Class A*

     27,693        1,176,676  
     

 

 

 
Total Trading Companies & Distributors               5,097,723  
Water Utilities – 0.5%  

American States Water Co.

     20,618        1,093,991  

Artesian Resources Corp. Class A

     5,888        214,794  

Connecticut Water Service, Inc.

     7,110        430,369  

Middlesex Water Co.

     8,470        310,849  

SJW Group

     14,858        783,165  

York Water Co. (The)

     6,129        189,999  
     

 

 

 
Total Water Utilities               3,023,167  
Wireless Telecommunication Services – 0.2%  

Shenandoah Telecommunications Co.

     2,955        106,380  

Spok Holdings, Inc.

     10,151        151,758  

United States Cellular Corp.*

     20,723        832,857  
     

 

 

 
Total Wireless Telecommunication Services               1,090,995  
Total United States               585,246,824  

TOTAL COMMON STOCKS

(Cost: $536,783,989)

              587,594,530  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      
WisdomTree U.S. MidCap Earnings Fund(a)(b) (Cost: $607,610)      17,610        681,155  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.4%  
United States – 7.4%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $43,382,452)(d)      43,382,452        43,382,452  

TOTAL INVESTMENTS IN SECURITIES – 107.2%

(Cost: $580,774,051)

 

 

     631,658,137  

Other Assets less Liabilities – (7.2)%

        (42,658,933
     

 

 

 
NET ASSETS – 100.0%             $ 588,999,204  
* 

Non-income producing security.

 

(a)

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b)

Affiliated company (See Note 3).

 

(c)

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d)

At March 31, 2018, the total market value of the Fund’s securities on loan was $68,673,262 and the total market value of the collateral held by the Fund was $70,876,650. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $27,494,198.

 

See Notes to Financial Statements.

 

82   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%  
United States – 99.8%  
Aerospace & Defense – 0.4%  

AAR Corp.

     4,324      $ 190,731  

HEICO Corp.

     1,290        111,985  

National Presto Industries, Inc.(a)

     1,221        114,469  
     

 

 

 
Total Aerospace & Defense               417,185  
Air Freight & Logistics – 0.3%  

Forward Air Corp.

     5,414        286,184  
Airlines – 1.3%  

Allegiant Travel Co.

     5,357        924,350  

Hawaiian Holdings, Inc.

     11,025        426,668  
     

 

 

 
Total Airlines               1,351,018  
Auto Components – 1.3%  

Cooper Tire & Rubber Co.

     8,669        254,002  

Standard Motor Products, Inc.

     5,577        265,298  

Tenneco, Inc.

     12,601        691,417  

Tower International, Inc.

     4,544        126,096  
     

 

 

 
Total Auto Components               1,336,813  
Automobiles – 0.1%  

Winnebago Industries, Inc.

     3,177        119,455  
Banks – 8.7%  

Access National Corp.

     7,695        219,538  

Banc of California, Inc.(a)

     21,898        422,632  

BancFirst Corp.

     8,828        468,767  

Bank of Marin Bancorp

     2,049        141,279  

Bryn Mawr Bank Corp.

     6,113        268,666  

City Holding Co.

     7,164        491,164  

CoBiz Financial, Inc.

     7,987        156,545  

Community Bank System, Inc.

     22,581        1,209,438  

Enterprise Financial Services Corp.

     4,032        189,101  

First Financial Bankshares, Inc.

     19,530        904,239  

Glacier Bancorp, Inc.

     30,500        1,170,590  

Heartland Financial USA, Inc.

     4,620        245,091  

Hope Bancorp, Inc.

     68,011        1,237,120  

Lakeland Financial Corp.

     7,953        367,667  

LegacyTexas Financial Group, Inc.

     13,257        567,665  

ServisFirst Bancshares, Inc.

     4,606        188,017  

Stock Yards Bancorp, Inc.

     8,874        311,478  

Summit Financial Group, Inc.

     3,517        87,960  

West Bancorporation, Inc.

     6,334        162,150  
     

 

 

 
Total Banks        8,809,107  
Beverages – 0.2%  

Coca-Cola Bottling Co. Consolidated

     565        97,559  

MGP Ingredients, Inc.

     670        60,025  
     

 

 

 
Total Beverages               157,584  
Building Products – 1.6%  

AAON, Inc.

     6,721        262,119  

Apogee Enterprises, Inc.

     5,864        254,204  

Insteel Industries, Inc.

     1,590        43,932  

Quanex Building Products Corp.

     4,717        82,076  

Simpson Manufacturing Co., Inc.

     11,772      $ 677,949  

Universal Forest Products, Inc.

     9,679        314,084  
     

 

 

 
Total Building Products               1,634,364  
Capital Markets – 3.2%  

Cohen & Steers, Inc.

     20,130        818,486  

Financial Engines, Inc.

     10,730        375,550  

Hennessy Advisors, Inc.

     2,371        45,760  

Houlihan Lokey, Inc.

     8,447        376,736  

Moelis & Co. Class A

     18,132        922,012  

Pzena Investment Management, Inc. Class A

     3,561        39,634  

Silvercrest Asset Management Group, Inc. Class A

     4,177        63,491  

Virtus Investment Partners, Inc.

     1,935        239,553  

Westwood Holdings Group, Inc.

     6,483        366,225  
     

 

 

 
Total Capital Markets               3,247,447  
Chemicals – 3.0%  

American Vanguard Corp.

     1,712        34,582  

Balchem Corp.

     2,606        213,040  

Chase Corp.

     1,136        132,287  

Core Molding Technologies, Inc.

     1,608        28,671  

FutureFuel Corp.

     12,969        155,498  

H.B. Fuller Co.

     9,927        493,670  

Hawkins, Inc.

     4,707        165,451  

Innophos Holdings, Inc.

     15,015        603,753  

Innospec, Inc.

     4,858        333,259  

KMG Chemicals, Inc.

     589        35,311  

Minerals Technologies, Inc.

     1,819        121,782  

Quaker Chemical Corp.

     2,159        319,813  

Stepan Co.

     4,628        384,957  
     

 

 

 
Total Chemicals               3,022,074  
Commercial Services & Supplies – 7.4%  

ABM Industries, Inc.

     18,100        605,988  

Brady Corp. Class A

     18,049        670,520  

Herman Miller, Inc.

     22,295        712,325  

HNI Corp.

     26,091        941,624  

Interface, Inc.

     11,232        283,046  

Kimball International, Inc. Class B

     10,180        173,467  

Knoll, Inc.

     25,659        518,055  

Matthews International Corp. Class A

     8,094        409,556  

McGrath RentCorp

     9,662        518,753  

Mobile Mini, Inc.

     20,948        911,238  

Multi-Color Corp.

     916        60,502  

Steelcase, Inc. Class A

     55,424        753,767  

Tetra Tech, Inc.

     8,191        400,950  

U.S. Ecology, Inc.

     5,542        295,389  

Viad Corp.

     2,571        134,849  

VSE Corp.

     1,095        56,633  
     

 

 

 
Total Commercial Services & Supplies               7,446,662  
Communications Equipment – 1.4%  

ADTRAN, Inc.

     13,855        215,445  

InterDigital, Inc.

     11,145        820,272  

Plantronics, Inc.

     6,957        419,994  
     

 

 

 
Total Communications Equipment               1,455,711  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      83  


Table of Contents

Schedule of Investments (continued)

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Construction & Engineering – 0.6%  

Argan, Inc.

     5,797      $ 248,981  

Comfort Systems USA, Inc.

     4,540        187,275  

Primoris Services Corp.

     7,761        193,870  
     

 

 

 
Total Construction & Engineering               630,126  
Construction Materials – 0.0%  

United States Lime & Minerals, Inc.

     671        49,104  
Consumer Finance – 0.8%  

FirstCash, Inc.

     9,878        802,588  
Containers & Packaging – 0.7%  

Silgan Holdings, Inc.

     24,584        684,664  
Distributors – 0.3%  

Core-Mark Holding Co., Inc.

     8,144        173,141  

Weyco Group, Inc.

     3,225        108,360  
     

 

 

 
Total Distributors               281,501  
Diversified Consumer Services – 1.0%  

Capella Education Co.

     3,265        285,198  

Carriage Services, Inc.

     2,463        68,126  

Graham Holdings Co. Class B

     580        349,305  

Liberty Tax, Inc.

     9,569        96,647  

Strayer Education, Inc.

     1,676        169,360  
     

 

 

 
Total Diversified Consumer Services               968,636  
Diversified Financial Services – 0.0%  

A-Mark Precious Metals, Inc.

     3,135        38,404  
Diversified Telecommunication Services – 0.4%  

ATN International, Inc.

     3,516        209,624  

IDT Corp. Class B*

     27,553        172,757  
     

 

 

 
Total Diversified Telecommunication Services               382,381  
Electric Utilities – 1.7%  

MGE Energy, Inc.

     12,483        700,296  

Otter Tail Corp.

     19,149        830,109  

Spark Energy, Inc. Class A(a)

     12,408        147,035  
     

 

 

 
Total Electric Utilities               1,677,440  
Electrical Equipment – 1.0%  

Allied Motion Technologies, Inc.

     549        21,823  

AZZ, Inc.

     6,677        291,785  

Encore Wire Corp.

     654        37,082  

EnerSys

     7,741        536,993  

LSI Industries, Inc.

     13,697        111,082  
     

 

 

 
Total Electrical Equipment               998,765  
Electronic Equipment, Instruments & Components – 1.0%  

Badger Meter, Inc.

     5,814        274,130  

CTS Corp.

     3,555        96,696  

Mesa Laboratories, Inc.

     334        49,579  

Methode Electronics, Inc.

     5,527        216,106  

MTS Systems Corp.

     6,845        353,544  
     

 

 

 
Total Electronic Equipment, Instruments & Components        990,055  
Energy Equipment & Services – 0.3%  

U.S. Silica Holdings, Inc.(a)

     10,882        277,709  
Equity Real Estate Investment Trusts (REITs) – 5.3%  

Alexander & Baldwin, Inc.

     8,524      $ 197,160  

CoreCivic, Inc.

     101,220        1,975,814  

PotlatchDeltic Corp.

     22,692        1,181,119  

Universal Health Realty Income Trust

     8,775        527,377  

Urban Edge Properties

     70,896        1,513,630  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)        5,395,100  
Food & Staples Retailing – 0.7%  

Ingles Markets, Inc. Class A

     5,336        180,624  

PriceSmart, Inc.

     4,466        373,134  

Village Super Market, Inc. Class A

     7,672        202,311  
     

 

 

 
Total Food & Staples Retailing               756,069  
Food Products – 1.6%  

Calavo Growers, Inc.

     4,134        381,155  

Dean Foods Co.

     50,895        438,715  

J&J Snack Foods Corp.

     4,009        547,469  

John B. Sanfilippo & Son, Inc.

     1,212        70,138  

Tootsie Roll Industries, Inc.(a)

     6,938        204,334  
     

 

 

 
Total Food Products               1,641,811  
Gas Utilities – 1.7%  

Chesapeake Utilities Corp.

     4,513        317,490  

RGC Resources, Inc.

     2,825        71,755  

South Jersey Industries, Inc.

     47,820        1,346,611  
     

 

 

 
Total Gas Utilities               1,735,856  
Health Care Equipment & Supplies – 1.1%  

Abaxis, Inc.

     5,423        382,972  

Atrion Corp.

     246        155,300  

LeMaitre Vascular, Inc.

     2,421        87,713  

Meridian Bioscience, Inc.

     26,562        377,180  

Utah Medical Products, Inc.

     900        88,965  
     

 

 

 
Total Health Care Equipment & Supplies               1,092,130  
Health Care Providers & Services – 0.5%  

Aceto Corp.

     12,830        97,508  

Ensign Group, Inc. (The)

     6,780        178,314  

Psychemedics Corp.

     2,726        56,374  

U.S. Physical Therapy, Inc.

     2,501        203,331  
     

 

 

 
Total Health Care Providers & Services               535,527  
Health Care Technology – 0.2%  

Computer Programs & Systems, Inc.(a)

     3,444        100,565  

Simulations Plus, Inc.

     4,386        64,693  
     

 

 

 
Total Health Care Technology               165,258  
Hotels, Restaurants & Leisure – 2.8%  

BBX Capital Corp.

     4,577        42,154  

BJ’s Restaurants, Inc.

     3,479        156,207  

Bloomin’ Brands, Inc.

     19,065        462,898  

Cheesecake Factory, Inc. (The)(a)

     15,419        743,504  

Dine Brands Global, Inc.

     19,429        1,274,154  

RCI Hospitality Holdings, Inc.

     625        17,744  

Ruth’s Hospitality Group, Inc.

     7,415        181,297  
     

 

 

 
Total Hotels, Restaurants & Leisure               2,877,958  

 

See Notes to Financial Statements.

 

84   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Household Durables – 2.9%  

Bassett Furniture Industries, Inc.

     1,891      $ 57,392  

Ethan Allen Interiors, Inc.

     10,251        235,260  

Flexsteel Industries, Inc.

     2,017        79,833  

Hooker Furniture Corp.

     1,796        65,913  

KB Home

     3,935        111,951  

La-Z-Boy, Inc.

     10,124        303,214  

Lennar Corp. Class B

     1,440        68,674  

Lifetime Brands, Inc.

     2,138        26,511  

MDC Holdings, Inc.

     21,302        594,752  

Tupperware Brands Corp.

     28,761        1,391,457  
     

 

 

 
Total Household Durables               2,934,957  
Household Products – 0.6%  

Oil-Dri Corp. of America

     1,968        79,094  

WD-40 Co.

     4,028        530,488  
     

 

 

 
Total Household Products               609,582  
Industrial Conglomerates – 0.3%  

Raven Industries, Inc.

     9,725        340,861  
Insurance – 2.7%  

AMERISAFE, Inc.

     4,045        223,486  

Employers Holdings, Inc.

     7,083        286,508  

HCI Group, Inc.

     8,013        305,776  

Heritage Insurance Holdings, Inc.

     6,000        90,960  

Independence Holding Co.

     1,140        40,641  

Investors Title Co.

     280        55,972  

Kingstone Cos., Inc.

     3,229        54,247  

National General Holdings Corp.

     14,761        358,840  

Navigators Group, Inc. (The)

     2,582        148,852  

RLI Corp.

     11,298        716,180  

Universal Insurance Holdings, Inc.

     13,213        421,495  
     

 

 

 
Total Insurance               2,702,957  
Internet & Catalog Retail – 0.4%  

Nutrisystem, Inc.

     5,668        152,752  

PetMed Express, Inc.(a)

     5,385        224,824  
     

 

 

 
Total Internet & Catalog Retail               377,576  
Internet Software & Services – 0.3%  

NIC, Inc.

     23,105        307,297  
IT Services – 2.5%  

Convergys Corp.

     27,801        628,859  

CSG Systems International, Inc.

     10,714        485,237  

Hackett Group, Inc. (The)

     9,751        156,601  

Science Applications International Corp.

     11,850        933,780  

TTEC Holdings, Inc.

     10,068        309,087  
     

 

 

 
Total IT Services               2,513,564  
Leisure Products – 0.4%  

Callaway Golf Co.

     3,718        60,826  

Marine Products Corp.

     8,554        119,842  

Sturm Ruger & Co., Inc.(a)

     4,008        210,420  
     

 

 

 
Total Leisure Products               391,088  
Life Sciences Tools & Services – 0.2%  

Luminex Corp.

     9,312      $ 196,204  
Machinery – 7.3%  

Alamo Group, Inc.

     739        81,216  

Albany International Corp. Class A

     5,476        343,345  

Altra Industrial Motion Corp.

     7,397        339,892  

American Railcar Industries, Inc.

     13,631        509,936  

Astec Industries, Inc.

     2,974        164,105  

Briggs & Stratton Corp.

     16,805        359,795  

Columbus McKinnon Corp.

     1,790        64,154  

Douglas Dynamics, Inc.

     10,119        438,659  

Eastern Co. (The)

     1,851        52,754  

ESCO Technologies, Inc.

     2,361        138,237  

Federal Signal Corp.

     14,552        320,435  

Franklin Electric Co., Inc.

     7,878        321,028  

Gorman-Rupp Co. (The)

     7,400        216,450  

Graham Corp.

     3,065        65,652  

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

     9,175        461,044  

Hillenbrand, Inc.

     20,100        922,590  

Hurco Cos., Inc.

     1,124        51,592  

Hyster-Yale Materials Handling, Inc.

     3,187        222,867  

Kadant, Inc.

     1,605        151,673  

Lindsay Corp.

     2,516        230,063  

Miller Industries, Inc.

     5,722        143,050  

Mueller Industries, Inc.

     11,537        301,808  

Mueller Water Products, Inc. Class A

     36,067        392,048  

Omega Flex, Inc.

     2,559        166,591  

Park-Ohio Holdings Corp.

     2,599        100,971  

Standex International Corp.

     1,603        152,846  

Sun Hydraulics Corp.

     3,013        161,376  

Tennant Co.

     4,245        287,386  

Wabash National Corp.

     12,550        261,165  
     

 

 

 
Total Machinery               7,422,728  
Marine – 0.6%  

Matson, Inc.

     21,096        604,189  
Media – 5.4%  

Beasley Broadcast Group, Inc. Class A

     2,501        28,261  

Entravision Communications Corp. Class A

     23,686        111,324  

Gannett Co., Inc.

     88,787        886,094  

John Wiley & Sons, Inc. Class A

     13,626        867,976  

Meredith Corp.

     16,132        867,902  

Saga Communications, Inc. Class A

     1,927        71,781  

Scholastic Corp.

     6,714        260,772  

Sinclair Broadcast Group, Inc. Class A(a)

     21,617        676,612  

TEGNA, Inc.

     62,178        708,208  

Viacom, Inc. Class A(a)

     16,329        646,628  

World Wrestling Entertainment, Inc. Class A

     8,695        313,107  
     

 

 

 
Total Media               5,438,665  
Metals & Mining – 4.1%  

Carpenter Technology Corp.

     11,507        507,689  

Commercial Metals Co.

     47,133        964,341  

Compass Minerals International, Inc.(a)

     24,965        1,505,389  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      85  


Table of Contents

Schedule of Investments (continued)

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Gold Resource Corp.

     5,509      $ 24,846  

Materion Corp.

     3,010        153,661  

Worthington Industries, Inc.

     22,086        947,931  
     

 

 

 
Total Metals & Mining               4,103,857  
Multiline Retail – 0.4%  

Big Lots, Inc.(a)

     10,042        437,128  
Oil, Gas & Consumable Fuels – 0.3%  

Green Plains, Inc.

     21,100        354,480  
Paper & Forest Products – 2.9%  

Boise Cascade Co.

     4,775        184,315  

KapStone Paper and Packaging Corp.

     31,396        1,077,197  

Neenah, Inc.

     5,506        431,670  

PH Glatfelter Co.

     20,262        415,979  

Schweitzer-Mauduit International, Inc.

     21,085        825,478  
     

 

 

 
Total Paper & Forest Products               2,934,639  
Personal Products – 0.9%  

Inter Parfums, Inc.

     10,505        495,311  

Medifast, Inc.

     3,683        344,176  

Natural Health Trends Corp.(a)

     5,389        102,445  
     

 

 

 
Total Personal Products               941,932  
Pharmaceuticals – 0.2%  

Phibro Animal Health Corp. Class A

     4,210        167,137  
Professional Services – 2.2%  

Barrett Business Services, Inc.

     1,990        164,931  

Exponent, Inc.

     5,208        409,609  

Forrester Research, Inc.

     5,336        221,177  

Insperity, Inc.

     7,609        529,206  

Kforce, Inc.

     8,572        231,873  

Korn/Ferry International

     9,536        491,962  

RPX Corp.

     13,801        147,533  
     

 

 

 
Total Professional Services               2,196,291  
Real Estate Management & Development – 0.0%  

Rafael Holdings, Inc. Class B*

     101        487  
Road & Rail – 0.5%  

ArcBest Corp.

     3,826        122,623  

Heartland Express, Inc.

     5,154        92,721  

Werner Enterprises, Inc.

     9,122        332,953  
     

 

 

 
Total Road & Rail               548,297  
Semiconductors & Semiconductor Equipment – 0.7%  

Cabot Microelectronics Corp.

     3,897        417,408  

Power Integrations, Inc.

     3,944        269,572  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        686,980  
Software – 0.2%  

Ebix, Inc.

     2,149        160,101  
Specialty Retail – 7.4%  

Aaron’s, Inc.

     3,090        143,994  

American Eagle Outfitters, Inc.

     72,377        1,442,474  

Buckle, Inc. (The)(a)

     30,558        676,860  

Caleres, Inc.

     5,239        176,030  

Chico’s FAS, Inc.

     65,536        592,445  

Children’s Place, Inc. (The)

     2,887      $ 390,467  

Dick’s Sporting Goods, Inc.

     25,630        898,331  

DSW, Inc. Class A

     36,718        824,686  

GameStop Corp. Class A(a)

     94,658        1,194,584  

Haverty Furniture Cos., Inc.

     7,016        141,372  

Lithia Motors, Inc. Class A

     2,996        301,158  

Monro, Inc.

     6,151        329,694  

Pier 1 Imports, Inc.

     62,212        200,323  

Shoe Carnival, Inc.

     2,791        66,426  

Tile Shop Holdings, Inc.

     15,921        95,526  
     

 

 

 
Total Specialty Retail        7,474,370  
Technology Hardware, Storage & Peripherals – 0.5%  

Diebold Nixdorf, Inc.(a)

     29,731        457,857  
Textiles, Apparel & Luxury Goods – 0.9%  

Culp, Inc.

     1,900        58,045  

Movado Group, Inc.

     3,934        151,066  

Oxford Industries, Inc.

     3,581        266,999  

Superior Uniform Group, Inc.

     3,131        82,251  

Wolverine World Wide, Inc.

     10,793        311,918  
     

 

 

 
Total Textiles, Apparel & Luxury Goods        870,279  
Thrifts & Mortgage Finance – 0.4%  

FS Bancorp, Inc.

     509        27,232  

Hingham Institution for Savings

     251        51,706  

United Community Financial Corp.

     14,697        144,912  

WSFS Financial Corp.

     4,049        193,947  
     

 

 

 
Total Thrifts & Mortgage Finance        417,797  
Trading Companies & Distributors – 2.6%  

Applied Industrial Technologies, Inc.

     12,517        912,489  

GATX Corp.

     18,367        1,257,956  

Kaman Corp.

     6,776        420,925  
     

 

 

 
Total Trading Companies & Distributors        2,591,370  
Water Utilities – 1.4%  

American States Water Co.

     11,790        625,577  

Artesian Resources Corp. Class A

     3,514        128,191  

Connecticut Water Service, Inc.

     4,399        266,272  

SJW Group

     4,944        260,598  

York Water Co. (The)

     4,392        136,152  
     

 

 

 
Total Water Utilities        1,416,790  
TOTAL COMMON STOCKS
(Cost: $100,214,548)
       100,864,146  

 

See Notes to Financial Statements.

 

86   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2018

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.9%  
United States – 5.9%  

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

     
(Cost: $5,972,237)(c)      5,972,237      $ 5,972,237  
TOTAL INVESTMENTS IN SECURITIES – 105.7%
(Cost: $106,186,785)
       106,836,383  

Other Assets less Liabilities – (5.7)%

 

     (5,776,213
     

 

 

 
NET ASSETS – 100.0%      $ 101,060,170  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $7,723,551 and the total market value of the collateral held by the Fund was $7,960,284. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,988,047.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      87  


Table of Contents

Schedule of Investments

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%  
United States – 99.7%  
Aerospace & Defense – 2.8%  

AAR Corp.

     707      $ 31,186  

Arconic, Inc.

     4,513        103,980  

Boeing Co. (The)

     14,795        4,850,985  

Curtiss-Wright Corp.

     522        70,507  

General Dynamics Corp.

     5,934        1,310,821  

Harris Corp.

     2,750        443,520  

Hexcel Corp.

     492        31,778  

Huntington Ingalls Industries, Inc.

     777        200,279  

L3 Technologies, Inc.

     1,601        333,008  

Lockheed Martin Corp.

     8,954        3,025,825  

National Presto Industries, Inc.(a)

     303        28,406  

Northrop Grumman Corp.

     2,976        1,038,981  

Orbital ATK, Inc.

     716        94,949  

Raytheon Co.

     6,159        1,329,235  

Rockwell Collins, Inc.

     2,154        290,467  

United Technologies Corp.

     22,299        2,805,660  
     

 

 

 
Total Aerospace & Defense               15,989,587  
Air Freight & Logistics – 0.6%      

C.H. Robinson Worldwide, Inc.

     3,728        349,351  

Expeditors International of Washington, Inc.

     3,764        238,261  

FedEx Corp.

     2,629        631,249  

Forward Air Corp.

     515        27,223  

United Parcel Service, Inc. Class B

     23,498        2,459,301  
     

 

 

 
Total Air Freight & Logistics               3,705,385  
Airlines – 0.3%      

Alaska Air Group, Inc.

     2,898        179,560  

Allegiant Travel Co.

     321        55,389  

American Airlines Group, Inc.

     4,456        231,534  

Delta Air Lines, Inc.

     20,056        1,099,269  

Hawaiian Holdings, Inc.

     776        30,031  

Southwest Airlines Co.

     5,944        340,472  
     

 

 

 
Total Airlines               1,936,255  
Auto Components – 0.1%      

BorgWarner, Inc.

     3,129        157,170  

Cooper Tire & Rubber Co.

     1,608        47,114  

Gentex Corp.

     7,677        176,725  

Goodyear Tire & Rubber Co. (The)

     5,637        149,831  

LCI Industries

     565        58,845  

Lear Corp.

     890        165,620  
     

 

 

 
Total Auto Components               755,305  
Automobiles – 0.9%      

Ford Motor Co.

     231,377        2,563,657  

General Motors Co.

     65,546        2,381,942  

Harley-Davidson, Inc.

     6,178        264,913  

Thor Industries, Inc.

     1,056        121,619  
     

 

 

 
Total Automobiles               5,332,131  
Banks – 8.1%      

1st Source Corp.

     1,308        66,211  

Ames National Corp.

     1,698        46,695  

Associated Banc-Corp.

     5,599      139,135  

Bank of America Corp.

     213,089        6,390,539  

Bank of Hawaii Corp.

     1,069        88,834  

Bank of Marin Bancorp

     1,087        74,949  

Bank of the Ozarks, Inc.

     2,899        139,935  

BankUnited, Inc.

     3,600        143,928  

Bar Harbor Bankshares

     3,432        95,135  

BB&T Corp.

     25,188        1,310,784  

BCB Bancorp, Inc.

     5,546        86,795  

BOK Financial Corp.

     2,394        236,982  

Cathay General Bancorp

     3,099        123,898  

CenterState Bank Corp.

     2,527        67,041  

Central Valley Community Bancorp

     4,566        89,311  

Chemical Financial Corp.

     2,003        109,524  

CIT Group, Inc.

     3,350        172,525  

Citigroup, Inc.

     54,669        3,690,157  

Citizens & Northern Corp.

     4,113        94,969  

Citizens Financial Group, Inc.

     9,312        390,918  

Columbia Banking System, Inc.

     2,790        117,041  

Comerica, Inc.

     2,911        279,252  

Commerce Bancshares, Inc.

     1,552        92,980  

Community Bank System, Inc.

     1,919        102,782  

Cullen/Frost Bankers, Inc.

     2,122        225,081  

CVB Financial Corp.

     4,739        107,291  

East West Bancorp, Inc.

     3,549        221,954  

Enterprise Financial Services Corp.

     2,171        101,820  

Fifth Third Bancorp

     18,223        578,580  

First Bancshares, Inc. (The)

     1,028        33,153  

First Business Financial Services, Inc.

     4,014        100,992  

First Financial Bankshares, Inc.

     1,359        62,922  

First Guaranty Bancshares, Inc.

     1,627        42,286  

First Hawaiian, Inc.

     5,592        155,625  

First Horizon National Corp.

     6,163        116,049  

First of Long Island Corp. (The)

     2,449        67,225  

First Republic Bank

     1,545        143,082  

Flushing Financial Corp.

     1,093        29,467  

FNB Corp.

     16,567        222,826  

Fulton Financial Corp.

     7,230        128,333  

German American Bancorp, Inc.

     1,788        59,630  

Glacier Bancorp, Inc.

     3,292        126,347  

Great Southern Bancorp, Inc.

     2,189        109,341  

Guaranty Bancshares, Inc.

     2,100        69,951  

Hancock Holding Co.

     1,208        62,454  

Heartland Financial USA, Inc.

     2,302        122,121  

Heritage Commerce Corp.

     3,151        51,928  

Heritage Financial Corp.

     1,649        50,459  

Home BancShares, Inc.

     4,549        103,763  

Hope Bancorp, Inc.

     6,725        122,328  

Huntington Bancshares, Inc.

     36,775        555,302  

Iberiabank Corp.

     1,889        147,342  

Independent Bank Corp.

     431        30,838  

Investors Bancorp, Inc.

     8,709        118,791  

JPMorgan Chase & Co.

     91,766        10,091,507  

KeyCorp

     26,166        511,545  

 

See Notes to Financial Statements.

 

88   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Lakeland Bancorp, Inc.

     2,536      $ 50,340  

Lakeland Financial Corp.

     1,592        73,598  

M&T Bank Corp.

     3,303        608,941  

MainSource Financial Group, Inc.

     1,458        59,268  

MB Financial, Inc.

     2,538        102,738  

MBT Financial Corp.

     3,423        36,797  

Mercantile Bank Corp.

     1,898        63,109  

MutualFirst Financial, Inc.

     1,681        60,936  

National Bankshares, Inc.

     1,530        68,927  

Northrim BanCorp, Inc.

     1,565        54,071  

Norwood Financial Corp.

     1,414        42,547  

Old National Bancorp

     7,353        124,266  

PacWest Bancorp

     7,465        369,741  

Park National Corp.

     1,073        111,334  

People’s United Financial, Inc.

     14,734        274,936  

PNC Financial Services Group, Inc. (The)

     12,036        1,820,325  

Premier Financial Bancorp, Inc.

     3,804        70,792  

Prosperity Bancshares, Inc.

     2,198        159,641  

RBB Bancorp

     2,762        72,834  

Regions Financial Corp.

     26,702        496,123  

Republic Bancorp, Inc. Class A

     1,493        57,182  

S&T Bancorp, Inc.

     2,529        101,008  

Sandy Spring Bancorp, Inc.

     3,363        130,350  

South State Corp.

     802        68,411  

Summit Financial Group, Inc.

     1,797        44,943  

SunTrust Banks, Inc.

     13,339        907,586  

Synovus Financial Corp.

     2,689        134,289  

TCF Financial Corp.

     4,557        103,945  

U.S. Bancorp

     44,215        2,232,857  

UMB Financial Corp.

     1,508        109,164  

Umpqua Holdings Corp.

     10,388        222,407  

United Bankshares, Inc.

     6,128        216,012  

Unity Bancorp, Inc.

     1,817        39,974  

Valley National Bancorp

     13,989        174,303  

Webster Financial Corp.

     1,504        83,322  

Wells Fargo & Co.

     160,420        8,407,612  

Zions Bancorp

     1,992        105,038  
     

 

 

 
Total Banks               46,680,320  
Beverages – 2.6%      

Brown-Forman Corp. Class A

     4,058        216,413  

Brown-Forman Corp. Class B

     4,592        249,805  

Coca-Cola Co. (The)

     172,442        7,489,156  

Constellation Brands, Inc. Class A

     1,980        451,281  

Dr. Pepper Snapple Group, Inc.

     5,658        669,794  

Molson Coors Brewing Co. Class B

     4,945        372,507  

PepsiCo, Inc.

     48,465        5,289,955  
     

 

 

 
Total Beverages               14,738,911  
Biotechnology – 2.3%      

AbbVie, Inc.

     59,098        5,593,625  

Amgen, Inc.

     23,383        3,986,334  

Gilead Sciences, Inc.

     45,556        3,434,467  
     

 

 

 
Total Biotechnology               13,014,426  
Building Products – 0.1%      

A.O. Smith Corp.

     2,471      157,131  

Fortune Brands Home & Security, Inc.

     2,319        136,566  

Lennox International, Inc.

     648        132,432  

Masco Corp.

     4,892        197,832  

Owens Corning

     2,294        184,438  
     

 

 

 
Total Building Products               808,399  
Capital Markets – 3.0%      

Ameriprise Financial, Inc.

     4,091        605,223  

Artisan Partners Asset Management, Inc. Class A

     2,924        97,369  

Bank of New York Mellon Corp. (The)

     21,554        1,110,678  

BGC Partners, Inc. Class A

     18,288        245,974  

BlackRock, Inc.

     4,059        2,198,842  

CBOE Global Markets, Inc.

     1,547        176,513  

Charles Schwab Corp. (The)

     11,129        581,156  

CME Group, Inc.

     7,307        1,181,834  

Cohen & Steers, Inc.

     1,578        64,161  

Eaton Vance Corp.

     3,600        200,412  

Evercore, Inc. Class A

     1,147        100,018  

FactSet Research Systems, Inc.

     661        131,817  

Federated Investors, Inc. Class B

     4,607        153,874  

Franklin Resources, Inc.

     12,984        450,285  

GAMCO Investors, Inc. Class A

     2,922        72,553  

Goldman Sachs Group, Inc. (The)

     5,642        1,420,994  

Intercontinental Exchange, Inc.

     7,720        559,854  

Legg Mason, Inc.

     3,998        162,519  

LPL Financial Holdings, Inc.

     2,701        164,950  

MarketAxess Holdings, Inc.

     153        33,268  

Moody’s Corp.

     2,844        458,737  

Morgan Stanley

     41,730        2,251,751  

MSCI, Inc.

     1,455        217,479  

Nasdaq, Inc.

     3,789        326,688  

Northern Trust Corp.

     4,701        484,814  

Raymond James Financial, Inc.

     2,275        203,408  

S&P Global, Inc.

     3,314        633,173  

SEI Investments Co.

     2,496        186,975  

Silvercrest Asset Management Group, Inc. Class A

     1,907        28,986  

State Street Corp.

     8,329        830,651  

T. Rowe Price Group, Inc.

     7,243        782,027  

TD Ameritrade Holding Corp.

     10,476        620,493  

Virtu Financial, Inc. Class A(a)

     6,294        207,702  

Waddell & Reed Financial, Inc. Class A(a)

     5,501        111,175  
     

 

 

 
Total Capital Markets               17,056,353  
Chemicals – 2.1%      

Air Products & Chemicals, Inc.

     5,927        942,571  

Albemarle Corp.

     1,783        165,356  

Ashland Global Holdings, Inc.

     984        68,673  

Cabot Corp.

     2,140        119,241  

Celanese Corp. Series A

     3,045        305,140  

CF Industries Holdings, Inc.

     9,186        346,588  

Chemours Co. (The)

     1,468        71,506  

Core Molding Technologies, Inc.

     1,489        26,549  

DowDuPont, Inc.

     62,878        4,005,957  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      89  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Eastman Chemical Co.

     4,476      $ 472,576  

Ecolab, Inc.

     3,823        524,019  

FMC Corp.

     1,906        145,942  

Hawkins, Inc.

     1,595        56,064  

Huntsman Corp.

     6,896        201,708  

International Flavors & Fragrances, Inc.

     1,853        253,694  

Kronos Worldwide, Inc.

     4,195        94,807  

Monsanto Co.

     9,925        1,158,148  

Mosaic Co. (The)

     1,646        39,965  

NewMarket Corp.

     212        85,156  

Olin Corp.

     5,898        179,240  

PPG Industries, Inc.

     4,679        522,176  

Praxair, Inc.

     7,585        1,094,516  

Quaker Chemical Corp.

     195        28,885  

Rayonier Advanced Materials, Inc.

     2,476        53,160  

RPM International, Inc.

     3,857        183,863  

Scotts Miracle-Gro Co. (The)

     1,744        149,548  

Sensient Technologies Corp.

     1,256        88,649  

Sherwin-Williams Co. (The)

     1,138        446,233  

Valhi, Inc.

     10,601        64,242  

Westlake Chemical Corp.

     1,847        205,294  
     

 

 

 
Total Chemicals               12,099,466  
Commercial Services & Supplies – 0.6%      

ABM Industries, Inc.

     1,050        35,154  

Cintas Corp.

     1,626        277,363  

Covanta Holding Corp.

     8,632        125,164  

Deluxe Corp.

     1,480        109,535  

Healthcare Services Group, Inc.

     2,597        112,917  

HNI Corp.

     3,039        109,677  

KAR Auction Services, Inc.

     5,033        272,789  

LSC Communications, Inc.

     4,808        83,900  

McGrath RentCorp

     968        51,972  

Mobile Mini, Inc.

     1,000        43,500  

MSA Safety, Inc.

     1,672        139,177  

Pitney Bowes, Inc.

     16,428        178,901  

Republic Services, Inc.

     9,017        597,196  

Rollins, Inc.

     3,694        188,505  

RR Donnelley & Sons Co.

     9,079        79,260  

UniFirst Corp.

     184        29,744  

Waste Management, Inc.

     11,479        965,613  
     

 

 

 
Total Commercial Services & Supplies               3,400,367  
Communications Equipment – 1.5%      

Cisco Systems, Inc.

     189,503        8,127,783  

Juniper Networks, Inc.

     6,618        161,016  

Motorola Solutions, Inc.

     4,366        459,740  

PC-Tel, Inc.*

     4,010        28,792  
     

 

 

 
Total Communications Equipment               8,777,331  
Construction & Engineering – 0.1%      

EMCOR Group, Inc.

     539        42,004  

Fluor Corp.

     3,248        185,851  

KBR, Inc.

     2,788        45,138  
     

 

 

 
Total Construction & Engineering               272,993  
Construction Materials – 0.1%      

Martin Marietta Materials, Inc.

     686      142,208  

Vulcan Materials Co.

     1,031        117,709  
     

 

 

 
Total Construction Materials               259,917  
Consumer Finance – 0.7%      

Ally Financial, Inc.

     8,965        243,400  

American Express Co.

     15,306        1,427,744  

Capital One Financial Corp.

     9,879        946,606  

Discover Financial Services

     8,422        605,794  

Navient Corp.

     17,044        223,617  

Nelnet, Inc. Class A

     741        38,836  

Synchrony Financial

     15,238        510,930  
     

 

 

 
Total Consumer Finance               3,996,927  
Containers & Packaging – 0.5%      

AptarGroup, Inc.

     1,514        136,003  

Avery Dennison Corp.

     2,109        224,081  

Ball Corp.

     4,365        173,334  

Bemis Co., Inc.

     3,248        141,353  

Graphic Packaging Holding Co.

     8,764        134,527  

Greif, Inc. Class A

     2,135        111,554  

International Paper Co.

     16,552        884,373  

Myers Industries, Inc.

     1,756        37,139  

Packaging Corp. of America

     2,990        336,973  

Sealed Air Corp.

     3,230        138,212  

Sonoco Products Co.

     4,061        196,959  

WestRock Co.

     9,277        595,305  
     

 

 

 
Total Containers & Packaging               3,109,813  
Distributors – 0.1%      

Genuine Parts Co.

     4,946        444,349  

Pool Corp.

     770        112,589  

Weyco Group, Inc.

     1,932        64,915  
     

 

 

 
Total Distributors               621,853  
Diversified Consumer Services – 0.1%      

H&R Block, Inc.

     7,851        199,494  

Liberty Tax, Inc.

     3,569        36,047  

Service Corp. International

     5,126        193,455  
     

 

 

 
Total Diversified Consumer Services               428,996  
Diversified Financial Services – 0.0%      

Leucadia National Corp.

     7,453        169,407  
Diversified Telecommunication Services – 4.9%      

AT&T, Inc.

     408,064        14,547,482  

CenturyLink, Inc.

     159,174        2,615,229  

Cogent Communications Holdings, Inc.

     2,886        125,252  

Consolidated Communications Holdings, Inc.

     12,269        134,468  

Verizon Communications, Inc.

     234,488        11,213,216  
     

 

 

 
Total Diversified Telecommunication Services               28,635,647  
Electric Utilities – 3.2%      

ALLETE, Inc.

     2,545        183,876  

Alliant Energy Corp.

     8,613        351,927  

American Electric Power Co., Inc.

     20,149        1,382,020  

Avangrid, Inc.

     14,669        749,879  

 

See Notes to Financial Statements.

 

90   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Duke Energy Corp.

     34,271      $ 2,654,974  

Edison International

     11,793        750,742  

El Paso Electric Co.

     2,487        126,837  

Entergy Corp.

     8,515        670,812  

Eversource Energy

     11,751        692,369  

Exelon Corp.

     38,232        1,491,430  

FirstEnergy Corp.

     22,968        781,142  

Great Plains Energy, Inc.

     9,922        315,420  

Hawaiian Electric Industries, Inc.

     4,807        165,265  

IDACORP, Inc.

     2,128        187,839  

NextEra Energy, Inc.

     14,870        2,428,717  

OGE Energy Corp.

     8,334        273,105  

Otter Tail Corp.

     2,945        127,666  

Pinnacle West Capital Corp.

     4,273        340,985  

PNM Resources, Inc.

     3,755        143,629  

Portland General Electric Co.

     3,185        129,024  

PPL Corp.

     37,523        1,061,526  

Southern Co. (The)

     55,665        2,485,999  

Westar Energy, Inc.

     4,708        247,594  

Xcel Energy, Inc.

     18,345        834,331  
     

 

 

 
Total Electric Utilities               18,577,108  
Electrical Equipment – 0.4%      

AMETEK, Inc.

     2,165        164,475  

Emerson Electric Co.

     22,612        1,544,399  

General Cable Corp.

     2,775        82,140  

Hubbell, Inc.

     1,787        217,621  

Rockwell Automation, Inc.

     3,179        553,782  
     

 

 

 
Total Electrical Equipment               2,562,417  
Electronic Equipment, Instruments & Components – 0.4%  

Amphenol Corp. Class A

     3,607        310,671  

Avnet, Inc.

     2,274        94,962  

AVX Corp.

     7,591        125,631  

CDW Corp.

     2,278        160,166  

Corning, Inc.

     22,736        633,880  

Daktronics, Inc.

     6,651        58,595  

FLIR Systems, Inc.

     3,024        151,230  

Jabil, Inc.

     4,047        116,270  

Littelfuse, Inc.

     152        31,644  

Methode Electronics, Inc.

     710        27,761  

MTS Systems Corp.

     1,139        58,829  

National Instruments Corp.

     4,216        213,203  

Park Electrochemical Corp.

     3,022        50,891  
     

 

 

 
Total Electronic Equipment, Instruments & Components        2,033,733  
Energy Equipment & Services – 0.3%      

Archrock, Inc.

     7,294        63,822  

Baker Hughes Co.

     13,918        386,503  

Halliburton Co.

     18,365        862,053  

Helmerich & Payne, Inc.

     6,816        453,673  
     

 

 

 
Total Energy Equipment & Services               1,766,051  
Equity Real Estate Investment Trusts (REITs) – 7.9%     

Acadia Realty Trust

     6,539        160,859  

Alexander’s, Inc.

     223        85,014  

Alexandria Real Estate Equities, Inc.

     2,804      350,192  

American Assets Trust, Inc.

     2,815        94,049  

American Campus Communities, Inc.

     7,469        288,453  

American Homes 4 Rent Class A

     5,048        101,364  

American Tower Corp.

     10,104        1,468,515  

Apartment Investment & Management Co. Class A

     5,699        232,234  

Apple Hospitality REIT, Inc.

     17,870        313,976  

AvalonBay Communities, Inc.

     4,972        817,695  

Boston Properties, Inc.

     4,354        536,500  

Brandywine Realty Trust

     8,834        140,284  

Brixmor Property Group, Inc.

     26,599        405,635  

Camden Property Trust

     3,743        315,086  

CBL & Associates Properties, Inc.(a)

     35,606        148,477  

Chesapeake Lodging Trust

     4,074        113,298  

Colony NorthStar, Inc. Class A

     65,912        370,425  

Columbia Property Trust, Inc.

     5,924        121,205  

Community Healthcare Trust, Inc.

     3,622        93,230  

CoreCivic, Inc.

     11,612        226,666  

CoreSite Realty Corp.

     1,252        125,526  

Corporate Office Properties Trust

     5,445        140,644  

Cousins Properties, Inc.

     15,419        133,837  

Crown Castle International Corp.

     19,038        2,086,755  

CubeSmart

     7,147        201,545  

CyrusOne, Inc.

     3,552        181,898  

DCT Industrial Trust, Inc.

     3,325        187,331  

DDR Corp.

     55,129        404,096  

DiamondRock Hospitality Co.

     14,195        148,196  

Digital Realty Trust, Inc.

     8,824        929,873  

Douglas Emmett, Inc.

     5,134        188,726  

Duke Realty Corp.

     12,759        337,858  

EastGroup Properties, Inc.

     1,989        164,411  

Education Realty Trust, Inc.

     5,142        168,401  

EPR Properties

     5,403        299,326  

Equinix, Inc.

     1,577        659,407  

Equity LifeStyle Properties, Inc.

     2,692        236,277  

Equity Residential

     13,460        829,405  

Essex Property Trust, Inc.

     2,157        519,147  

Extra Space Storage, Inc.

     6,017        525,645  

Federal Realty Investment Trust

     2,685        311,755  

First Industrial Realty Trust, Inc.

     4,350        127,151  

Forest City Realty Trust, Inc. Class A

     6,924        140,280  

Franklin Street Properties Corp.

     18,976        159,588  

Gaming and Leisure Properties, Inc.

     17,907        599,347  

GEO Group, Inc. (The)

     11,326        231,843  

GGP, Inc.

     44,437        909,181  

Global Net Lease, Inc.

     11,196        188,988  

Government Properties Income Trust

     12,626        172,471  

Gramercy Property Trust

     10,715        232,837  

HCP, Inc.

     33,204        771,329  

Healthcare Realty Trust, Inc.

     5,380        149,080  

Healthcare Trust of America, Inc. Class A

     8,102        214,298  

Highwoods Properties, Inc.

     4,233        185,490  

Hospitality Properties Trust

     14,101        357,319  

Host Hotels & Resorts, Inc.

     35,137        654,954  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      91  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Hudson Pacific Properties, Inc.

     5,810      $ 188,999  

Investors Real Estate Trust

     23,238        120,605  

Invitation Homes, Inc.

     6,855        156,500  

Iron Mountain, Inc.

     19,064        626,443  

JBG SMITH Properties

     3,662        123,446  

Kilroy Realty Corp.

     2,437        172,930  

Kimco Realty Corp.

     35,517        511,445  

Kite Realty Group Trust

     10,445        159,077  

Lamar Advertising Co. Class A

     4,509        287,043  

LaSalle Hotel Properties

     10,204        296,018  

Lexington Realty Trust

     22,971        180,782  

Liberty Property Trust

     8,581        340,923  

Life Storage, Inc.

     3,051        254,820  

LTC Properties, Inc.

     2,833        107,654  

Macerich Co. (The)

     8,067        451,913  

Mack-Cali Realty Corp.

     6,938        115,934  

Medical Properties Trust, Inc.

     31,978        415,714  

Mid-America Apartment Communities, Inc.

     4,169        380,380  

Monmouth Real Estate Investment Corp.

     6,523        98,106  

National Health Investors, Inc.

     2,449        164,793  

National Retail Properties, Inc.

     8,450        331,747  

Omega Healthcare Investors, Inc.(a)

     23,806        643,714  

One Liberty Properties, Inc.

     4,892        108,113  

Outfront Media, Inc.

     11,811        221,338  

Paramount Group, Inc.

     10,714        152,567  

Park Hotels & Resorts, Inc.

     15,778        426,322  

Pebblebrook Hotel Trust

     4,440        152,514  

Pennsylvania Real Estate Investment Trust(a)

     12,487        120,500  

Physicians Realty Trust

     11,858        184,629  

Piedmont Office Realty Trust, Inc. Class A

     9,222        162,215  

PotlatchDeltic Corp.

     2,511        130,698  

Prologis, Inc.

     19,029        1,198,637  

PS Business Parks, Inc.

     1,202        135,874  

Public Storage

     7,827        1,568,453  

QTS Realty Trust, Inc. Class A

     1,875        67,913  

Ramco-Gershenson Properties Trust

     9,484        117,222  

Rayonier, Inc.

     5,487        193,033  

Realty Income Corp.

     15,166        784,537  

Regency Centers Corp.

     6,295        371,279  

Retail Opportunity Investments Corp.

     7,266        128,390  

Retail Properties of America, Inc. Class A

     17,327        202,033  

Rexford Industrial Realty, Inc.

     967        27,840  

RLJ Lodging Trust

     14,781        287,343  

Ryman Hospitality Properties, Inc.

     2,874        222,591  

Sabra Health Care REIT, Inc.

     22,890        404,009  

Safety Income & Growth, Inc.(a)

     5,384        86,090  

Select Income REIT

     10,381        202,222  

Senior Housing Properties Trust

     23,198        363,281  

Simon Property Group, Inc.

     17,487        2,699,118  

SL Green Realty Corp.

     3,918        379,380  

Spirit Realty Capital, Inc.

     52,560        407,866  

STAG Industrial, Inc.

     6,133        146,701  

STORE Capital Corp.

     10,851        269,322  

Summit Hotel Properties, Inc.

     7,886        107,328  

Sun Communities, Inc.

     3,091      282,425  

Sunstone Hotel Investors, Inc.

     2,724        41,459  

Tanger Factory Outlet Centers, Inc.(a)

     8,666        190,652  

Taubman Centers, Inc.

     3,740        212,843  

UDR, Inc.

     10,673        380,172  

Uniti Group, Inc.(a)

     25,804        419,315  

Urban Edge Properties

     6,223        132,861  

Ventas, Inc.

     20,950        1,037,653  

VEREIT, Inc.

     86,035        598,804  

Vornado Realty Trust

     7,441        500,779  

W.P. Carey, Inc.

     7,078        438,765  

Washington Prime Group, Inc.

     37,698        251,446  

Washington Real Estate Investment Trust

     4,594        125,416  

Weingarten Realty Investors

     8,204        230,368  

Welltower, Inc.

     23,671        1,288,413  

Weyerhaeuser Co.

     32,933        1,152,655  

Xenia Hotels & Resorts, Inc.

     7,934        156,458  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)        45,856,200  
Food & Staples Retailing – 2.3%      

Casey’s General Stores, Inc.

     448        49,177  

Costco Wholesale Corp.

     5,716        1,077,066  

CVS Health Corp.

     34,592        2,151,968  

Kroger Co. (The)

     20,679        495,055  

Sysco Corp.

     15,700        941,372  

Walgreens Boots Alliance, Inc.

     27,442        1,796,628  

Walmart, Inc.

     78,543        6,987,971  

Weis Markets, Inc.

     1,402        57,454  
     

 

 

 
Total Food & Staples Retailing               13,556,691  
Food Products – 2.0%      

Alico, Inc.

     921        25,051  

Archer-Daniels-Midland Co.

     21,608        937,139  

B&G Foods, Inc.(a)

     4,765        112,930  

Calavo Growers, Inc.

     416        38,355  

Campbell Soup Co.

     10,827        468,917  

Conagra Brands, Inc.

     11,485        423,567  

Dean Foods Co.

     6,525        56,245  

Flowers Foods, Inc.

     8,445        184,608  

General Mills, Inc.

     24,744        1,114,965  

Hershey Co. (The)

     4,460        441,362  

Hormel Foods Corp.(a)

     13,647        468,365  

Ingredion, Inc.

     1,538        198,279  

J&J Snack Foods Corp.

     198        27,039  

J.M. Smucker Co. (The)

     3,805        471,858  

John B. Sanfilippo & Son, Inc.

     712        41,203  

Kellogg Co.

     14,040        912,740  

Kraft Heinz Co. (The)

     48,509        3,021,626  

Lamb Weston Holdings, Inc.

     1,708        99,440  

Lancaster Colony Corp.

     777        95,680  

McCormick & Co., Inc. Non-Voting Shares

     3,622        385,345  

Mondelez International, Inc. Class A

     38,052        1,587,910  

Pinnacle Foods, Inc.

     3,461        187,240  

Tyson Foods, Inc. Class A

     4,900        358,631  
     

 

 

 
Total Food Products               11,658,495  

 

See Notes to Financial Statements.

 

92   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Gas Utilities – 0.3%      

Atmos Energy Corp.

     2,924      $ 246,318  

National Fuel Gas Co.

     2,931        150,800  

New Jersey Resources Corp.

     2,374        95,197  

Northwest Natural Gas Co.

     1,992        114,839  

ONE Gas, Inc.

     1,658        109,461  

South Jersey Industries, Inc.

     3,864        108,810  

Southwest Gas Holdings, Inc.

     1,023        69,186  

Spire, Inc.

     2,168        156,747  

UGI Corp.

     4,158        184,698  

WGL Holdings, Inc.

     2,143        179,262  
     

 

 

 
Total Gas Utilities               1,415,318  
Health Care Equipment & Supplies – 1.1%      

Abaxis, Inc.

     901        63,629  

Abbott Laboratories

     42,131        2,524,489  

Analogic Corp.

     548        52,553  

Baxter International, Inc.

     6,921        450,142  

Becton, Dickinson and Co.

     4,088        885,870  

Danaher Corp.

     5,007        490,235  

Dentsply Sirona, Inc.

     886        44,575  

Meridian Bioscience, Inc.

     4,351        61,784  

ResMed, Inc.

     3,297        324,656  

Stryker Corp.

     5,269        847,887  

Teleflex, Inc.

     404        103,012  

Zimmer Biomet Holdings, Inc.

     1,941        211,647  
     

 

 

 
Total Health Care Equipment & Supplies               6,060,479  
Health Care Providers & Services – 1.3%      

Aetna, Inc.

     4,214        712,166  

AmerisourceBergen Corp.

     4,431        381,997  

Anthem, Inc.

     4,247        933,066  

Cardinal Health, Inc.

     12,246        767,579  

Chemed Corp.

     195        53,208  

Encompass Health Corp.

     2,951        168,709  

Humana, Inc.

     1,074        288,723  

McKesson Corp.

     2,405        338,792  

Owens & Minor, Inc.

     5,475        85,136  

Patterson Cos., Inc.

     3,091        68,713  

Psychemedics Corp.

     1,454        30,069  

Quest Diagnostics, Inc.

     3,236        324,571  

UnitedHealth Group, Inc.

     16,272        3,482,208  
     

 

 

 
Total Health Care Providers & Services               7,634,937  
Hotels, Restaurants & Leisure – 2.3%      

Aramark

     3,440        136,086  

Brinker International, Inc.(a)

     2,894        104,473  

Choice Hotels International, Inc.

     1,229        98,504  

Churchill Downs, Inc.

     271        66,138  

Cracker Barrel Old Country Store, Inc.(a)

     791        125,927  

Darden Restaurants, Inc.

     4,298        366,405  

Dine Brands Global, Inc.

     2,450        160,671  

Domino’s Pizza, Inc.

     594        138,735  

Dunkin’ Brands Group, Inc.

     2,468        147,315  

Hilton Worldwide Holdings, Inc.

     4,112        323,861  

ILG, Inc.

     5,142        159,968  

Jack in the Box, Inc.

     338      28,842  

Las Vegas Sands Corp.

     41,236        2,964,868  

Marcus Corp. (The)

     1,075        32,626  

Marriott International, Inc. Class A

     5,390        732,932  

McDonald’s Corp.

     23,686        3,704,017  

MGM Resorts International

     7,719        270,319  

Ruth’s Hospitality Group, Inc.

     1,393        34,059  

Six Flags Entertainment Corp.

     4,361        271,516  

Starbucks Corp.

     35,472        2,053,474  

Texas Roadhouse, Inc.

     2,104        121,569  

Vail Resorts, Inc.

     936        207,511  

Wendy’s Co. (The)

     7,208        126,500  

Wyndham Worldwide Corp.

     3,326        380,594  

Wynn Resorts Ltd.

     1,433        261,322  

Yum! Brands, Inc.

     6,452        549,259  
     

 

 

 
Total Hotels, Restaurants & Leisure               13,567,491  
Household Durables – 0.3%      

Bassett Furniture Industries, Inc.

     828        25,130  

CSS Industries, Inc.

     2,189        38,308  

D.R. Horton, Inc.

     5,717        250,633  

Leggett & Platt, Inc.

     4,752        210,799  

Lennar Corp. Class B

     1,061        50,599  

MDC Holdings, Inc.

     3,672        102,522  

Newell Brands, Inc.

     18,763        478,081  

PulteGroup, Inc.

     6,156        181,540  

Tupperware Brands Corp.

     2,787        134,835  

Whirlpool Corp.

     2,683        410,794  
     

 

 

 
Total Household Durables               1,883,241  
Household Products – 2.0%      

Church & Dwight Co., Inc.

     4,856        244,548  

Clorox Co. (The)

     3,839        511,009  

Colgate-Palmolive Co.

     23,659        1,695,877  

Energizer Holdings, Inc.

     1,757        104,682  

Kimberly-Clark Corp.

     13,848        1,525,080  

Oil-Dri Corp. of America

     645        25,923  

Procter & Gamble Co. (The)

     95,939        7,606,044  

Spectrum Brands Holdings, Inc.(a)

     947        98,204  
     

 

 

 
Total Household Products               11,811,367  
Independent Power & Renewable Electricity Producers – 0.1%  

AES Corp.

     40,455        459,974  

NRG Energy, Inc.

     2,093        63,899  

Ormat Technologies, Inc.

     473        26,668  

Pattern Energy Group, Inc. Class A

     8,901        153,898  
     

 

 

 
Total Independent Power & Renewable Electricity Producers        704,439  
Industrial Conglomerates – 1.8%      

3M Co.

     14,833        3,256,140  

Carlisle Cos., Inc.

     1,032        107,751  

General Electric Co.

     294,211        3,965,964  

Honeywell International, Inc.

     18,521        2,676,470  

Raven Industries, Inc.

     880        30,844  

Roper Technologies, Inc.

     938        263,287  
     

 

 

 
Total Industrial Conglomerates               10,300,456  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      93  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Insurance – 2.5%      

Aflac, Inc.

     22,242      $ 973,310  

Allstate Corp. (The)

     7,351        696,875  

American Financial Group, Inc.

     1,643        184,377  

American International Group, Inc.

     23,070        1,255,469  

American National Insurance Co.

     467        54,620  

AMERISAFE, Inc.

     567        31,327  

AmTrust Financial Services, Inc.

     19,871        244,612  

Arthur J. Gallagher & Co.

     5,924        407,157  

Assurant, Inc.

     1,673        152,929  

Brown & Brown, Inc.

     5,210        132,542  

Cincinnati Financial Corp.

     5,379        399,445  

CNA Financial Corp.

     8,332        411,184  

CNO Financial Group, Inc.

     4,136        89,627  

Erie Indemnity Co. Class A

     1,460        171,754  

First American Financial Corp.

     4,877        286,182  

FNF Group

     9,396        376,028  

Hanover Insurance Group, Inc. (The)

     1,349        159,034  

Hartford Financial Services Group, Inc. (The)

     8,413        433,438  

Horace Mann Educators Corp.

     664        28,386  

Infinity Property & Casualty Corp.

     403        47,715  

Lincoln National Corp.

     4,804        350,980  

Loews Corp.

     1,164        57,886  

Marsh & McLennan Cos., Inc.

     11,329        935,662  

Mercury General Corp.

     3,224        147,885  

MetLife, Inc.

     38,217        1,753,778  

Old Republic International Corp.

     12,857        275,783  

Principal Financial Group, Inc.

     9,614        585,589  

ProAssurance Corp.

     1,863        90,449  

Progressive Corp. (The)

     9,625        586,451  

Prudential Financial, Inc.

     13,250        1,372,038  

Reinsurance Group of America, Inc.

     1,452        223,608  

RLI Corp.

     513        32,519  

Safety Insurance Group, Inc.

     914        70,241  

Torchmark Corp.

     1,371        115,397  

Travelers Cos., Inc. (The)

     7,306        1,014,511  

Unum Group

     5,878        279,852  

W.R. Berkley Corp.

     1,379        100,253  
     

 

 

 
Total Insurance               14,528,893  
Internet & Catalog Retail – 0.0%      

Expedia Group, Inc.

     1,678        185,268  

Nutrisystem, Inc.

     1,739        46,866  
     

 

 

 
Total Internet & Catalog Retail               232,134  
Internet Software & Services – 0.0%      

j2 Global, Inc.

     1,335        105,358  

Reis, Inc.

     966        20,721  
     

 

 

 
Total Internet Software & Services               126,079  
IT Services – 2.7%      

Alliance Data Systems Corp.

     610        129,845  

Automatic Data Processing, Inc.

     11,912        1,351,774  

Booz Allen Hamilton Holding Corp.

     3,400        131,648  

Broadridge Financial Solutions, Inc.

     2,972        325,999  

Cass Information Systems, Inc.

     875      52,071  

Cognizant Technology Solutions Corp. Class A

     5,271        424,316  

Convergys Corp.

     2,023        45,760  

CSRA, Inc.

     3,544        146,119  

DST Systems, Inc.

     1,102        92,182  

DXC Technology Co.

     1,848        185,779  

Fidelity National Information Services, Inc.

     5,062        487,471  

International Business Machines Corp.

     44,570        6,838,375  

Jack Henry & Associates, Inc.

     1,551        187,593  

Leidos Holdings, Inc.

     4,393        287,302  

ManTech International Corp. Class A

     801        44,431  

MasterCard, Inc. Class A

     8,090        1,417,044  

Paychex, Inc.

     13,007        801,101  

Sabre Corp.

     10,320        221,364  

Science Applications International Corp.

     951        74,939  

Total System Services, Inc.

     2,123        183,130  

Visa, Inc. Class A

     16,040        1,918,705  

Western Union Co. (The)

     20,189        388,235  
     

 

 

 
Total IT Services               15,735,183  
Leisure Products – 0.1%      

Brunswick Corp.

     1,630        96,806  

Escalade, Inc.

     1,881        25,770  

Hasbro, Inc.

     3,742        315,450  

Marine Products Corp.

     2,013        28,202  

Polaris Industries, Inc.

     1,592        182,316  
     

 

 

 
Total Leisure Products               648,544  
Life Sciences Tools & Services – 0.1%      

Agilent Technologies, Inc.

     4,073        272,484  

Bio-Techne Corp.

     770        116,301  

Luminex Corp.

     2,110        44,458  

Thermo Fisher Scientific, Inc.

     1,736        358,414  
     

 

 

 
Total Life Sciences Tools & Services               791,657  
Machinery – 1.7%      

Albany International Corp. Class A

     763        47,840  

Allison Transmission Holdings, Inc.

     3,845        150,186  

Caterpillar, Inc.

     16,442        2,423,222  

Crane Co.

     1,700        157,658  

Cummins, Inc.

     5,488        889,550  

Deere & Co.

     6,988        1,085,376  

Donaldson Co., Inc.

     3,212        144,701  

Dover Corp.

     4,091        401,818  

Flowserve Corp.

     2,794        121,064  

Fortive Corp.

     2,211        171,397  

Graco, Inc.

     3,613        165,186  

Graham Corp.

     2,263        48,474  

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

     862        43,316  

Hurco Cos., Inc.

     714        32,773  

IDEX Corp.

     1,627        231,864  

Illinois Tool Works, Inc.

     8,187        1,282,575  

Kennametal, Inc.

     2,313        92,890  

Lincoln Electric Holdings, Inc.

     1,770        159,212  

Lindsay Corp.

     325        29,718  

Nordson Corp.

     1,106        150,792  

 

See Notes to Financial Statements.

 

94   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Oshkosh Corp.

     1,334      $ 103,078  

PACCAR, Inc.

     6,106        404,034  

Parker-Hannifin Corp.

     2,695        460,926  

Snap-on, Inc.

     1,234        182,064  

Stanley Black & Decker, Inc.

     3,256        498,819  

Timken Co. (The)

     2,854        130,142  

Toro Co. (The)

     2,176        135,891  

Trinity Industries, Inc.

     3,202        104,481  

Xylem, Inc.

     2,811        216,222  
     

 

 

 
Total Machinery               10,065,269  
Media – 2.1%      

AMC Entertainment Holdings, Inc. Class A(a)

     5,942        83,485  

CBS Corp. Class A

     2,108        108,941  

CBS Corp. Class B Non-Voting Shares

     4,538        233,208  

Cinemark Holdings, Inc.

     4,708        177,350  

Comcast Corp. Class A

     95,512        3,263,645  

Entercom Communications Corp. Class A(a)

     6,885        66,440  

Gannett Co., Inc.

     10,303        102,824  

Interpublic Group of Cos., Inc. (The)

     17,615        405,673  

John Wiley & Sons, Inc. Class A

     1,623        103,385  

Meredith Corp.

     2,084        112,119  

New Media Investment Group, Inc.

     4,137        70,908  

News Corp. Class A

     10,443        164,999  

Nexstar Media Group, Inc. Class A(a)

     854        56,791  

Omnicom Group, Inc.

     9,488        689,493  

Sinclair Broadcast Group, Inc. Class A(a)

     2,645        82,789  

Sirius XM Holdings, Inc.(a)

     50,416        314,596  

TEGNA, Inc.

     6,531        74,388  

Time Warner, Inc.

     16,860        1,594,619  

Tribune Media Co. Class A

     3,664        148,429  

Twenty-First Century Fox, Inc. Class A

     12,869        472,164  

Twenty-First Century Fox, Inc. Class B

     13,909        505,870  

Viacom, Inc. Class B

     14,179        440,400  

Walt Disney Co. (The)

     29,899        3,003,056  
     

 

 

 
Total Media               12,275,572  
Metals & Mining – 0.3%      

Commercial Metals Co.

     4,164        85,195  

Compass Minerals International, Inc.(a)

     2,215        133,564  

Kaiser Aluminum Corp.

     444        44,800  

Newmont Mining Corp.

     6,025        235,397  

Nucor Corp.

     10,284        628,250  

Reliance Steel & Aluminum Co.

     2,200        188,628  

Royal Gold, Inc.

     1,051        90,249  

Steel Dynamics, Inc.

     5,173        228,750  

United States Steel Corp.

     1,448        50,955  

Worthington Industries, Inc.

     1,718        73,737  
     

 

 

 
Total Metals & Mining               1,759,525  
Multi-Utilities – 1.6%      

Ameren Corp.

     9,531        539,740  

Avista Corp.

     1,181        60,526  

Black Hills Corp.

     2,416        131,189  

CenterPoint Energy, Inc.

     20,381        558,439  

CMS Energy Corp.

     8,719      394,883  

Consolidated Edison, Inc.

     12,180        949,309  

Dominion Energy, Inc.

     28,883        1,947,581  

DTE Energy Co.

     6,679        697,288  

MDU Resources Group, Inc.

     6,943        195,515  

NiSource, Inc.

     10,479        250,553  

NorthWestern Corp.

     2,405        129,389  

Public Service Enterprise Group, Inc.

     21,408        1,075,538  

SCANA Corp.

     10,195        382,822  

Sempra Energy

     8,257        918,344  

Vectren Corp.

     3,379        215,986  

WEC Energy Group, Inc.

     11,991        751,836  
     

 

 

 
Total Multi-Utilities               9,198,938  
Multiline Retail – 0.7%      

Big Lots, Inc.(a)

     1,084        47,186  

Dollar General Corp.

     3,821        357,455  

Kohl’s Corp.

     9,433        617,956  

Macy’s, Inc.

     23,279        692,317  

Nordstrom, Inc.

     6,976        337,708  

Target Corp.

     27,325        1,897,175  
     

 

 

 
Total Multiline Retail               3,949,797  
Oil, Gas & Consumable Fuels – 7.3%      

Anadarko Petroleum Corp.

     3,252        196,453  

Andeavor

     4,332        435,626  

Apache Corp.

     12,077        464,723  

Cabot Oil & Gas Corp.

     3,267        78,343  

Chevron Corp.

     84,807        9,671,390  

Cimarex Energy Co.

     343        32,070  

ConocoPhillips

     30,111        1,785,281  

CVR Energy, Inc.(a)

     7,165        216,526  

Delek U.S. Holdings, Inc.

     2,346        95,482  

Devon Energy Corp.

     4,656        148,014  

EOG Resources, Inc.

     4,520        475,820  

EQT Corp.

     835        39,671  

Evolution Petroleum Corp.

     4,303        34,639  

Exxon Mobil Corp.

     196,234        14,641,019  

Hess Corp.

     8,779        444,393  

HollyFrontier Corp.

     6,511        318,127  

Kinder Morgan, Inc.

     78,814        1,186,939  

Marathon Oil Corp.

     15,382        248,112  

Marathon Petroleum Corp.

     15,452        1,129,696  

Murphy Oil Corp.

     8,423        217,650  

Noble Energy, Inc.

     9,890        299,667  

Occidental Petroleum Corp.

     42,279        2,746,444  

ONEOK, Inc.

     26,440        1,504,965  

Panhandle Oil and Gas, Inc. Class A

     1,445        27,889  

PBF Energy, Inc. Class A

     5,147        174,483  

Phillips 66

     17,756        1,703,156  

Range Resources Corp.(a)

     4,450        64,703  

SemGroup Corp. Class A

     7,670        164,138  

Targa Resources Corp.

     21,587        949,828  

Valero Energy Corp.

     17,545        1,627,650  

Williams Cos., Inc. (The)

     42,984        1,068,582  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      95  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

World Fuel Services Corp.

     1,763      $ 43,282  
     

 

 

 
Total Oil, Gas & Consumable Fuels               42,234,761  
Paper & Forest Products – 0.1%      

Domtar Corp.

     3,038        129,236  

KapStone Paper and Packaging Corp.

     3,149        108,042  

Schweitzer-Mauduit International, Inc.

     998        39,072  
     

 

 

 
Total Paper & Forest Products               276,350  
Personal Products – 0.2%      

Coty, Inc. Class A

     26,534        485,572  

Estee Lauder Cos., Inc. (The) Class A

     3,818        571,631  

Inter Parfums, Inc.

     677        31,921  

Medifast, Inc.

     410        38,315  

Nu Skin Enterprises, Inc. Class A

     1,819        134,078  
     

 

 

 
Total Personal Products               1,261,517  
Pharmaceuticals – 5.5%      

Bristol-Myers Squibb Co.

     50,331        3,183,436  

Eli Lilly & Co.

     32,875        2,543,539  

Johnson & Johnson

     79,687        10,211,889  

Merck & Co., Inc.

     117,116        6,379,308  

Pfizer, Inc.

     265,382        9,418,407  

Zoetis, Inc.

     4,037        337,130  
     

 

 

 
Total Pharmaceuticals               32,073,709  
Professional Services – 0.2%      

CRA International, Inc.

     674        35,243  

Dun & Bradstreet Corp. (The)

     933        109,161  

Equifax, Inc.

     1,907        224,664  

Forrester Research, Inc.

     788        32,663  

Heidrick & Struggles International, Inc.

     1,364        42,625  

Kelly Services, Inc. Class A

     1,056        30,666  

Kforce, Inc.

     1,386        37,491  

ManpowerGroup, Inc.

     1,535        176,679  

Resources Connection, Inc.

     3,546        57,445  

Robert Half International, Inc.

     2,754        159,429  
     

 

 

 
Total Professional Services               906,066  
Real Estate Management & Development – 0.1%      

Griffin Industrial Realty, Inc.

     1,663        62,412  

Jones Lang LaSalle, Inc.

     196        34,230  

Kennedy-Wilson Holdings, Inc.

     9,923        172,660  

Realogy Holdings Corp.(a)

     2,781        75,866  
     

 

 

 
Total Real Estate Management & Development               345,168  
Road & Rail – 0.9%      

Celadon Group, Inc.

     2,170        8,029  

CSX Corp.

     16,747        932,975  

JB Hunt Transport Services, Inc.

     1,580        185,097  

Kansas City Southern

     1,344        147,638  

Norfolk Southern Corp.

     6,457        876,732  

Old Dominion Freight Line, Inc.

     227        33,362  

Ryder System, Inc.

     1,702        123,889  

Union Pacific Corp.

     20,258        2,723,283  

Universal Logistics Holdings, Inc.

     1,291        27,305  
     

 

 

 
Total Road & Rail               5,058,310  
Semiconductors & Semiconductor Equipment – 3.4%  

Analog Devices, Inc.

     9,109      830,103  

Applied Materials, Inc.

     11,725        652,027  

Brooks Automation, Inc.

     2,592        70,191  

Cabot Microelectronics Corp.

     325        34,811  

Cypress Semiconductor Corp.

     13,463        228,333  

Intel Corp.

     145,188        7,561,391  

KLA-Tencor Corp.

     4,711        513,546  

Lam Research Corp.

     2,360        479,458  

Maxim Integrated Products, Inc.

     10,023        603,585  

Microchip Technology, Inc.(a)

     5,437        496,724  

NVE Corp.

     382        31,748  

NVIDIA Corp.

     2,518        583,144  

QUALCOMM, Inc.

     65,117        3,608,133  

Skyworks Solutions, Inc.

     2,862        286,944  

Teradyne, Inc.

     2,614        119,486  

Texas Instruments, Inc.

     30,578        3,176,748  

Xilinx, Inc.

     6,441        465,298  
     

 

 

 
Total Semiconductors & Semiconductor Equipment        19,741,670  
Software – 4.0%      

Activision Blizzard, Inc.

     5,000        337,300  

CA, Inc.

     16,040        543,756  

CDK Global, Inc.

     1,249        79,112  

Intuit, Inc.

     3,370        584,189  

Microsoft Corp.

     192,484        17,568,015  

Oracle Corp.

     78,592        3,595,584  

SS&C Technologies Holdings, Inc.

     2,231        119,671  

Symantec Corp.

     9,121        235,778  

TiVo Corp.

     6,570        89,023  
     

 

 

 
Total Software               23,152,428  
Specialty Retail – 2.1%      

Abercrombie & Fitch Co. Class A

     5,134        124,294  

American Eagle Outfitters, Inc.

     8,374        166,894  

Barnes & Noble, Inc.

     13,984        69,221  

Bed Bath & Beyond, Inc.

     6,379        133,895  

Best Buy Co., Inc.

     8,147        570,209  

Cato Corp. (The) Class A

     4,816        70,988  

Chico’s FAS, Inc.

     10,274        92,877  

Children’s Place, Inc. (The)

     245        33,136  

Dick’s Sporting Goods, Inc.

     3,303        115,770  

DSW, Inc. Class A

     4,463        100,239  

Foot Locker, Inc.

     4,557        207,526  

GameStop Corp. Class A(a)

     11,656        147,099  

Gap, Inc. (The)

     12,476        389,251  

Guess?, Inc.

     4,553        94,429  

Haverty Furniture Cos., Inc.

     1,855        37,378  

Home Depot, Inc. (The)

     28,253        5,035,815  

L Brands, Inc.

     14,886        568,794  

Lowe’s Cos., Inc.

     19,602        1,720,075  

Office Depot, Inc.

     24,918        53,574  

Penske Automotive Group, Inc.

     3,033        134,453  

Pier 1 Imports, Inc.

     12,338        39,728  

Ross Stores, Inc.

     3,812        297,260  

 

See Notes to Financial Statements.

 

96   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Tailored Brands, Inc.

     3,263      $ 81,771  

Tiffany & Co.

     3,079        300,695  

TJX Cos., Inc. (The)

     13,073        1,066,234  

Tractor Supply Co.

     2,542        160,197  

Williams-Sonoma, Inc.(a)

     3,303        174,266  
     

 

 

 
Total Specialty Retail               11,986,068  
Technology Hardware, Storage & Peripherals – 3.4%  

Apple, Inc.

     95,297        15,988,931  

Hewlett Packard Enterprise Co.

     41,897        734,873  

HP, Inc.

     56,666        1,242,119  

NetApp, Inc.

     5,032        310,424  

Western Digital Corp.

     9,068        836,704  

Xerox Corp.

     10,126        291,426  
     

 

 

 
Total Technology Hardware, Storage & Peripherals        19,404,477  
Textiles, Apparel & Luxury Goods – 0.6%      

Carter’s, Inc.

     657        68,394  

Columbia Sportswear Co.

     1,550        118,466  

Culp, Inc.

     1,679        51,293  

Hanesbrands, Inc.(a)

     12,879        237,231  

NIKE, Inc. Class B

     20,804        1,382,218  

Ralph Lauren Corp.

     1,577        176,309  

Tapestry, Inc.

     10,794        567,872  

VF Corp.

     12,273        909,675  

Wolverine World Wide, Inc.

     1,424        41,154  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               3,552,612  
Thrifts & Mortgage Finance – 0.2%      

Capitol Federal Financial, Inc.

     6,781        83,745  

ESSA Bancorp, Inc.

     6,808        99,873  

Meta Financial Group, Inc.

     326        35,599  

New York Community Bancorp, Inc.

     34,520        449,796  

Northwest Bancshares, Inc.

     6,587        109,081  

Provident Financial Holdings, Inc.

     5,660        102,389  

Provident Financial Services, Inc.

     4,253        108,834  

Southern Missouri Bancorp, Inc.

     765        27,999  

TFS Financial Corp.

     14,829        217,838  

Washington Federal, Inc.

     3,434        118,817  
     

 

 

 
Total Thrifts & Mortgage Finance               1,353,971  
Tobacco – 2.3%      

Altria Group, Inc.

     87,675        5,463,906  

Philip Morris International, Inc.

     77,644        7,717,814  

Universal Corp.

     1,431        69,403  

Vector Group Ltd.

     13,923        283,890  
     

 

 

 
Total Tobacco               13,535,013  
Trading Companies & Distributors – 0.2%      

Applied Industrial Technologies, Inc.

     782        57,008  

Fastenal Co.

     8,275        451,732  

GATX Corp.

     1,533        104,995  

Kaman Corp.

     707        43,919  

MSC Industrial Direct Co., Inc. Class A

     1,138        104,366  

W.W. Grainger, Inc.

     1,522        429,615  

Watsco, Inc.

     890        161,063  
     

 

 

 
Total Trading Companies & Distributors               1,352,698  
Transportation Infrastructure – 0.1%      

Macquarie Infrastructure Corp.

     9,949      367,417  
Water Utilities – 0.1%      

American Water Works Co., Inc.

     3,978        326,713  

Aqua America, Inc.

     6,253        212,977  

Artesian Resources Corp. Class A

     776        28,309  

Global Water Resources, Inc.

     3,179        28,516  

Middlesex Water Co.

     709        26,020  

York Water Co. (The)

     862        26,722  
     

 

 

 
Total Water Utilities               649,257  
Wireless Telecommunication Services – 0.0%      

Shenandoah Telecommunications Co.

     862        31,032  

Telephone & Data Systems, Inc.

     4,016        112,568  
     

 

 

 
Total Wireless Telecommunication Services               143,600  
TOTAL COMMON STOCKS
(Cost: $468,971,834)
              577,884,895  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      
WisdomTree U.S. Total Earnings Fund(b)
(Cost: $10,364)
     357        11,117  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%  
United States – 0.3%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(c)

     
(Cost: $1,550,841)(d)      1,550,841        1,550,841  
TOTAL INVESTMENTS IN SECURITIES – 100.0%
(Cost: $470,533,039)
        579,446,853  

Other Assets less Liabilities – (0.0)%

        (215,345
     

 

 

 
NET ASSETS – 100.0%             $ 579,231,508  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(d) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $4,376,439 and the total market value of the collateral held by the Fund was $4,494,137. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $2,943,296.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      97  


Table of Contents

Schedule of Investments

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
United States – 99.8%      
Aerospace & Defense – 2.8%      

AAR Corp.

     194      $ 8,557  

Boeing Co. (The)

     1,420        465,590  

BWX Technologies, Inc.

     107        6,798  

Curtiss-Wright Corp.

     134        18,099  

Esterline Technologies Corp.*

     122        8,924  

General Dynamics Corp.

     928        204,995  

Harris Corp.

     252        40,643  

HEICO Corp.

     207        17,970  

Hexcel Corp.

     296        19,119  

Huntington Ingalls Industries, Inc.

     145        37,375  

KLX, Inc.*

     131        9,309  

L3 Technologies, Inc.

     200        41,600  

Lockheed Martin Corp.

     703        237,565  

Mercury Systems, Inc.*

     109        5,267  

Moog, Inc. Class A*

     137        11,290  

Northrop Grumman Corp.

     475        165,832  

Orbital ATK, Inc.

     121        16,046  

Raytheon Co.

     677        146,110  

Rockwell Collins, Inc.

     306        41,264  

Spirit AeroSystems Holdings, Inc. Class A

     230        19,251  

Teledyne Technologies, Inc.*

     59        11,043  

Textron, Inc.

     752        44,345  

TransDigm Group, Inc.

     107        32,843  

Triumph Group, Inc.

     447        11,264  

United Technologies Corp.

     2,600        327,132  
     

 

 

 
Total Aerospace & Defense               1,948,231  
Air Freight & Logistics – 0.6%  

C.H. Robinson Worldwide, Inc.

     321        30,081  

Expeditors International of Washington, Inc.

     391        24,750  

FedEx Corp.

     753        180,803  

Forward Air Corp.

     155        8,193  

United Parcel Service, Inc. Class B

     1,841        192,679  

XPO Logistics, Inc.*

     139        14,152  
     

 

 

 
Total Air Freight & Logistics               450,658  
Airlines – 1.0%  

Alaska Air Group, Inc.

     672        41,637  

Allegiant Travel Co.

     65        11,216  

American Airlines Group, Inc.

     2,319        120,495  

Delta Air Lines, Inc.

     4,125        226,091  

Hawaiian Holdings, Inc.

     274        10,604  

JetBlue Airways Corp.*

     1,804        36,657  

Southwest Airlines Co.

     2,031        116,336  

Spirit Airlines, Inc.*

     340        12,845  

United Continental Holdings, Inc.*

     1,852        128,659  
     

 

 

 
Total Airlines               704,540  
Auto Components – 0.5%  

American Axle & Manufacturing Holdings, Inc.*

     991        15,083  

BorgWarner, Inc.

     356        17,882  

Cooper Tire & Rubber Co.

     380        11,134  

Cooper-Standard Holdings, Inc.*

     87      $ 10,685  

Dana, Inc.

     1,342        34,570  

Dorman Products, Inc.*

     127        8,409  

Fox Factory Holding Corp.*

     154        5,375  

Gentex Corp.

     1,072        24,677  

Gentherm, Inc.*

     194        6,586  

Goodyear Tire & Rubber Co. (The)

     1,887        50,156  

LCI Industries

     48        4,999  

Lear Corp.

     379        70,528  

Modine Manufacturing Co.*

     313        6,620  

Standard Motor Products, Inc.

     169        8,039  

Stoneridge, Inc.*

     391        10,792  

Tenneco, Inc.

     308        16,900  

Tower International, Inc.

     250        6,938  

Visteon Corp.*

     101        11,134  
     

 

 

 
Total Auto Components               320,507  
Automobiles – 0.9%  

Ford Motor Co.

     21,623        239,583  

General Motors Co.

     10,167        369,469  

Harley-Davidson, Inc.

     671        28,772  

Thor Industries, Inc.

     177        20,385  
     

 

 

 
Total Automobiles        658,209  
Banks – 10.3%  

1st Source Corp.

     226        11,440  

Ameris Bancorp

     198        10,474  

Associated Banc-Corp.

     600        14,910  

Banc of California, Inc.(a)

     387        7,469  

BancFirst Corp.

     147        7,806  

BancorpSouth Bank

     377        11,989  

Bank of America Corp.

     40,550        1,216,095  

Bank of Hawaii Corp.

     139        11,551  

Bank of the Ozarks, Inc.

     470        22,687  

BankUnited, Inc.

     368        14,713  

Banner Corp.

     165        9,156  

BB&T Corp.

     2,686        139,779  

Berkshire Hills Bancorp, Inc.

     168        6,376  

BOK Financial Corp.

     147        14,552  

Boston Private Financial Holdings, Inc.

     637        9,587  

Brookline Bancorp, Inc.

     140        2,268  

Camden National Corp.

     270        12,015  

Cathay General Bancorp

     334        13,353  

CenterState Bank Corp.

     108        2,865  

Central Pacific Financial Corp.

     375        10,673  

Chemical Financial Corp.

     221        12,084  

CIT Group, Inc.

     306        15,759  

Citigroup, Inc.

     11,433        771,728  

Citizens Financial Group, Inc.

     1,825        76,614  

City Holding Co.

     179        12,272  

CoBiz Financial, Inc.

     568        11,133  

Codorus Valley Bancorp, Inc.

     133        3,740  

Comerica, Inc.

     579        55,543  

Commerce Bancshares, Inc.

     330        19,770  

Cullen/Frost Bankers, Inc.

     219        23,229  

 

See Notes to Financial Statements.

 

98   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

CVB Financial Corp.

     432      $ 9,780  

East West Bancorp, Inc.

     527        32,959  

Enterprise Financial Services Corp.

     297        13,929  

FB Financial Corp.*

     195        7,915  

FCB Financial Holdings, Inc. Class A*

     221        11,293  

Fifth Third Bancorp

     3,951        125,444  

First Bancorp

     26        927  

First Busey Corp.

     315        9,362  

First Citizens BancShares, Inc. Class A

     34        14,050  

First Financial Bankshares, Inc.

     210        9,723  

First Foundation, Inc.*

     572        10,605  

First Hawaiian, Inc.

     433        12,050  

First Horizon National Corp.

     657        12,371  

First Merchants Corp.

     243        10,133  

First Republic Bank

     445        41,211  

Flushing Financial Corp.

     316        8,519  

FNB Corp.

     894        12,024  

Fulton Financial Corp.

     277        4,917  

German American Bancorp, Inc.

     245        8,171  

Glacier Bancorp, Inc.

     285        10,938  

Great Southern Bancorp, Inc.

     32        1,598  

Great Western Bancorp, Inc.

     284        11,437  

Guaranty Bancorp

     479        13,580  

Hancock Holding Co.

     269        13,907  

Hanmi Financial Corp.

     367        11,285  

Heartland Financial USA, Inc.

     219        11,618  

Heritage Financial Corp.

     377        11,536  

Hilltop Holdings, Inc.

     489        11,472  

Home BancShares, Inc.

     474        10,812  

Hope Bancorp, Inc.

     480        8,731  

Horizon Bancorp

     363        10,894  

Huntington Bancshares, Inc.

     3,250        49,075  

Iberiabank Corp.

     143        11,154  

Independent Bank Corp.

     736        22,206  

International Bancshares Corp.

     153        5,952  

Investors Bancorp, Inc.

     886        12,085  

JPMorgan Chase & Co.

     14,052        1,545,298  

KeyCorp

     3,913        76,499  

Lakeland Bancorp, Inc.

     481        9,548  

Lakeland Financial Corp.

     266        12,297  

M&T Bank Corp.

     422        77,800  

MainSource Financial Group, Inc.

     35        1,423  

MB Financial, Inc.

     280        11,334  

National Bank Holdings Corp. Class A

     345        11,471  

National Commerce Corp.*

     289        12,586  

Old National Bancorp

     574        9,701  

Pacific Premier Bancorp, Inc.*

     188        7,558  

PacWest Bancorp

     425        21,050  

Park National Corp.

     45        4,669  

Peapack Gladstone Financial Corp.

     19        634  

People’s United Financial, Inc.

     857        15,992  

Pinnacle Financial Partners, Inc.

     169        10,850  

PNC Financial Services Group, Inc. (The)

     1,715        259,377  

Popular, Inc.

     318        13,235  

Preferred Bank

     22      $ 1,412  

Prosperity Bancshares, Inc.

     241        17,504  

Regions Financial Corp.

     4,201        78,055  

Renasant Corp.

     208        8,852  

Republic Bancorp, Inc. Class A

     180        6,894  

S&T Bancorp, Inc.

     267        10,664  

Sandy Spring Bancorp, Inc.

     331        12,830  

Seacoast Banking Corp. of Florida*

     413        10,932  

ServisFirst Bancshares, Inc.

     253        10,327  

Signature Bank*

     167        23,706  

South State Corp.

     116        9,895  

Southside Bancshares, Inc.

     59        2,050  

Stock Yards Bancorp, Inc.

     255        8,951  

SunTrust Banks, Inc.

     1,787        121,587  

SVB Financial Group*

     96        23,041  

Synovus Financial Corp.

     402        20,076  

TCF Financial Corp.

     648        14,781  

Texas Capital Bancshares, Inc.*

     151        13,575  

Tompkins Financial Corp.

     89        6,743  

Towne Bank

     324        9,266  

TriCo Bancshares

     38        1,414  

Triumph Bancorp, Inc.*

     251        10,341  

U.S. Bancorp

     6,208        313,504  

UMB Financial Corp.

     125        9,049  

Umpqua Holdings Corp.

     717        15,351  

Union Bankshares Corp.

     238        8,737  

United Bankshares, Inc.

     260        9,165  

United Community Banks, Inc.

     368        11,647  

Valley National Bancorp

     1,019        12,697  

Webster Financial Corp.

     271        15,013  

Wells Fargo & Co.

     20,007        1,048,567  

WesBanco, Inc.

     233        9,856  

West Bancorporation, Inc.

     645        16,512  

Western Alliance Bancorp*

     335        19,467  

Wintrust Financial Corp.

     64        5,507  

Zions Bancorp

     552        29,107  
     

 

 

 
Total Banks               7,183,690  
Beverages – 1.6%  

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

     36        6,806  

Brown-Forman Corp. Class B

     767        41,725  

Coca-Cola Co. (The)

     6,160        267,529  

Constellation Brands, Inc. Class A

     509        116,011  

Dr. Pepper Snapple Group, Inc.

     462        54,692  

MGP Ingredients, Inc.

     64        5,734  

Molson Coors Brewing Co. Class B

     1,934        145,688  

Monster Beverage Corp.*

     764        43,708  

National Beverage Corp.

     58        5,163  

PepsiCo, Inc.

     3,669        400,471  
     

 

 

 
Total Beverages               1,087,527  
Biotechnology – 3.1%  

AbbVie, Inc.

     4,233        400,654  

Alexion Pharmaceuticals, Inc.*

     274        30,540  

Amgen, Inc.

     2,843        484,675  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      99  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Biogen, Inc.*

     721      $ 197,424  

Celgene Corp.*

     2,127        189,750  

Concert Pharmaceuticals, Inc.*

     326        7,465  

Eagle Pharmaceuticals, Inc.*(a)

     129        6,797  

Emergent BioSolutions, Inc.*

     153        8,055  

Exelixis, Inc.*

     377        8,351  

Gilead Sciences, Inc.

     9,567        721,256  

Myriad Genetics, Inc.*

     233        6,885  

PDL BioPharma, Inc.*

     2,563        7,535  

Regeneron Pharmaceuticals, Inc.*

     207        71,283  

United Therapeutics Corp.*

     329        36,966  

Vertex Pharmaceuticals, Inc.*

     93        15,157  
     

 

 

 
Total Biotechnology               2,192,793  
Building Products – 0.3%  

A.O. Smith Corp.

     374        23,783  

AAON, Inc.

     216        8,424  

Apogee Enterprises, Inc.

     147        6,372  

Armstrong World Industries, Inc.*

     180        10,134  

Builders FirstSource, Inc.*

     370        7,341  

Continental Building Products, Inc.*

     245        6,995  

Fortune Brands Home & Security, Inc.

     432        25,441  

JELD-WEN Holding, Inc.*

     599        18,341  

Lennox International, Inc.

     63        12,875  

Masco Corp.

     663        26,812  

Owens Corning

     200        16,080  

Patrick Industries, Inc.*

     72        4,453  

Simpson Manufacturing Co., Inc.

     155        8,926  

Trex Co., Inc.*

     64        6,961  

Universal Forest Products, Inc.

     259        8,405  

USG Corp.*

     333        13,460  
     

 

 

 
Total Building Products               204,803  
Capital Markets – 4.0%  

Affiliated Managers Group, Inc.

     165        31,281  

Ameriprise Financial, Inc.

     618        91,427  

Artisan Partners Asset Management, Inc. Class A

     152        5,062  

Bank of New York Mellon Corp. (The)

     4,016        206,944  

BGC Partners, Inc. Class A

     646        8,689  

BlackRock, Inc.

     408        221,022  

CBOE Global Markets, Inc.

     102        11,638  

Charles Schwab Corp. (The)

     2,548        133,057  

CME Group, Inc.

     623        100,764  

Cohen & Steers, Inc.

     213        8,661  

E*TRADE Financial Corp.*

     682        37,790  

Eaton Vance Corp.

     273        15,198  

Evercore, Inc. Class A

     153        13,342  

FactSet Research Systems, Inc.

     79        15,754  

Federated Investors, Inc. Class B

     437        14,596  

Franklin Resources, Inc.

     2,306        79,972  

GAMCO Investors, Inc. Class A

     148        3,675  

Goldman Sachs Group, Inc. (The)

     1,935        487,349  

Greenhill & Co., Inc.(a)

     231        4,273  

Houlihan Lokey, Inc.

     162        7,225  

Intercontinental Exchange, Inc.

     1,445        104,791  

Legg Mason, Inc.

     437      $ 17,764  

LPL Financial Holdings, Inc.

     267        16,306  

MarketAxess Holdings, Inc.

     30        6,523  

Moelis & Co. Class A

     176        8,950  

Moody’s Corp.

     489        78,876  

Morgan Stanley

     7,699        415,438  

Morningstar, Inc.

     139        13,277  

MSCI, Inc.

     115        17,189  

Nasdaq, Inc.

     519        44,748  

Northern Trust Corp.

     655        67,550  

Piper Jaffray Cos.

     91        7,558  

Raymond James Financial, Inc.

     503        44,973  

S&P Global, Inc.

     637        121,705  

SEI Investments Co.

     352        26,368  

State Street Corp.

     1,369        136,530  

Stifel Financial Corp.

     252        14,926  

T. Rowe Price Group, Inc.

     816        88,103  

TD Ameritrade Holding Corp.

     988        58,519  

Waddell & Reed Financial, Inc. Class A(a)

     436        8,812  
     

 

 

 
Total Capital Markets               2,796,625  
Chemicals – 1.6%  

AdvanSix, Inc.*

     143        4,973  

Air Products & Chemicals, Inc.

     489        77,766  

Albemarle Corp.

     136        12,613  

Balchem Corp.

     54        4,414  

Cabot Corp.

     294        16,382  

Celanese Corp. Series A

     479        48,001  

Chemours Co. (The)

     401        19,533  

DowDuPont, Inc.

     2,552        162,588  

Eastman Chemical Co.

     659        69,577  

Ecolab, Inc.

     600        82,242  

FMC Corp.

     155        11,868  

H.B. Fuller Co.

     168        8,355  

Huntsman Corp.

     885        25,886  

Ingevity Corp.*

     75        5,527  

International Flavors & Fragrances, Inc.

     152        20,810  

Kronos Worldwide, Inc.

     862        19,481  

Minerals Technologies, Inc.

     165        11,047  

Monsanto Co.

     1,189        138,744  

Mosaic Co. (The)

     939        22,799  

NewMarket Corp.

     45        18,076  

Olin Corp.

     184        5,592  

PolyOne Corp.

     286        12,161  

PPG Industries, Inc.

     694        77,450  

Praxair, Inc.

     664        95,815  

Quaker Chemical Corp.

     15        2,222  

RPM International, Inc.

     322        15,350  

Scotts Miracle-Gro Co. (The)

     137        11,748  

Sensient Technologies Corp.

     71        5,011  

Sherwin-Williams Co. (The)

     165        64,700  

Stepan Co.

     118        9,815  

Valvoline, Inc.

     802        17,748  

W.R. Grace & Co.

     134        8,205  

 

See Notes to Financial Statements.

 

100   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Westlake Chemical Corp.

     377      $ 41,903  
     

 

 

 
Total Chemicals               1,148,402  
Commercial Services & Supplies – 0.5%  

ABM Industries, Inc.

     185        6,194  

Brady Corp. Class A

     254        9,436  

Cintas Corp.

     190        32,410  

Clean Harbors, Inc.*

     33        1,611  

Copart, Inc.*

     460        23,428  

Deluxe Corp.

     173        12,804  

Ennis, Inc.

     363        7,151  

Healthcare Services Group, Inc.

     152        6,609  

Herman Miller, Inc.

     270        8,626  

KAR Auction Services, Inc.

     315        17,073  

Knoll, Inc.

     330        6,663  

Matthews International Corp. Class A

     110        5,566  

McGrath RentCorp

     164        8,805  

MSA Safety, Inc.

     97        8,074  

Multi-Color Corp.

     71        4,689  

Pitney Bowes, Inc.

     1,169        12,730  

Quad/Graphics, Inc.

     339        8,594  

Republic Services, Inc.

     777        51,461  

Rollins, Inc.

     144        7,348  

SP Plus Corp.*

     196        6,978  

Steelcase, Inc. Class A

     755        10,268  

Stericycle, Inc.*

     226        13,228  

Tetra Tech, Inc.

     122        5,972  

Viad Corp.

     141        7,395  

Waste Management, Inc.

     1,008        84,793  
     

 

 

 
Total Commercial Services & Supplies               367,906  
Communications Equipment – 1.4%  

Acacia Communications, Inc.*(a)

     210        8,077  

ADTRAN, Inc.

     295        4,587  

Applied Optoelectronics, Inc.*(a)

     167        4,185  

Arista Networks, Inc.*

     108        27,572  

Ciena Corp.*

     476        12,328  

Cisco Systems, Inc.

     15,778        676,718  

CommScope Holding Co., Inc.*

     283        11,312  

EchoStar Corp. Class A*

     152        8,021  

F5 Networks, Inc.*

     200        28,922  

Finisar Corp.*

     866        13,692  

InterDigital, Inc.

     232        17,075  

Juniper Networks, Inc.

     1,410        34,305  

Motorola Solutions, Inc.

     399        42,015  

NETGEAR, Inc.*

     128        7,322  

Oclaro, Inc.*

     1,562        14,933  

Plantronics, Inc.

     152        9,176  

Ubiquiti Networks, Inc.*(a)

     238        16,374  

Viavi Solutions, Inc.*

     819        7,961  
     

 

 

 
Total Communications Equipment               944,575  
Construction & Engineering – 0.2%  

AECOM*

     560        19,953  

Argan, Inc.

     176        7,559  

Dycom Industries, Inc.*

     97      $ 10,440  

EMCOR Group, Inc.

     119        9,274  

Fluor Corp.

     271        15,506  

Granite Construction, Inc.

     94        5,251  

IES Holdings, Inc.*

     633        9,590  

Jacobs Engineering Group, Inc.

     255        15,083  

MasTec, Inc.*

     341        16,044  

Primoris Services Corp.

     263        6,570  

Quanta Services, Inc.*

     439        15,080  

Valmont Industries, Inc.

     82        11,996  
     

 

 

 
Total Construction & Engineering               142,346  
Construction Materials – 0.1%  

Eagle Materials, Inc.

     127        13,088  

Martin Marietta Materials, Inc.

     127        26,327  

Summit Materials, Inc. Class A*

     211        6,389  

Vulcan Materials Co.

     190        21,692  
     

 

 

 
Total Construction Materials               67,496  
Consumer Finance – 1.4%  

Ally Financial, Inc.

     2,141        58,128  

American Express Co.

     2,896        270,139  

Capital One Financial Corp.

     2,202        210,996  

Credit Acceptance Corp.*(a)

     64        21,146  

Discover Financial Services

     1,843        132,567  

Encore Capital Group, Inc.*

     212        9,582  

Navient Corp.

     2,577        33,810  

Nelnet, Inc. Class A

     277        14,518  

OneMain Holdings, Inc.*

     430        12,874  

Santander Consumer USA Holdings, Inc.

     2,297        37,441  

SLM Corp.*

     1,631        18,284  

Synchrony Financial

     3,436        115,209  

World Acceptance Corp.*

     88        9,266  
     

 

 

 
Total Consumer Finance               943,960  
Containers & Packaging – 0.4%  

AptarGroup, Inc.

     150        13,474  

Avery Dennison Corp.

     166        17,637  

Ball Corp.

     401        15,924  

Bemis Co., Inc.

     294        12,795  

Berry Global Group, Inc.*

     365        20,006  

Crown Holdings, Inc.*

     525        26,644  

Graphic Packaging Holding Co.

     748        11,482  

Greif, Inc. Class A

     130        6,793  

International Paper Co.

     1,168        62,406  

Owens-Illinois, Inc.*

     686        14,859  

Packaging Corp. of America

     239        26,935  

Sealed Air Corp.

     263        11,254  

Silgan Holdings, Inc.

     367        10,221  

Sonoco Products Co.

     315        15,277  

WestRock Co.

     676        43,379  
     

 

 

 
Total Containers & Packaging               309,086  
Distributors – 0.1%  

Core-Mark Holding Co., Inc.

     108        2,296  

Genuine Parts Co.

     420        37,733  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      101  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

LKQ Corp.*

     807      $ 30,626  

Pool Corp.

     55        8,042  
     

 

 

 
Total Distributors               78,697  
Diversified Consumer Services – 0.2%  

Adtalem Global Education, Inc.*

     192        9,130  

Bright Horizons Family Solutions, Inc.*

     122        12,166  

Capella Education Co.

     58        5,066  

Graham Holdings Co. Class B

     14        8,432  

Grand Canyon Education, Inc.*

     107        11,226  

H&R Block, Inc.

     941        23,911  

Service Corp. International

     645        24,342  

ServiceMaster Global Holdings, Inc.*

     317        16,120  

Sotheby’s*

     165        8,466  

Weight Watchers International, Inc.*

     149        9,494  
     

 

 

 
Total Diversified Consumer Services               128,353  
Diversified Financial Services – 1.7%  

Berkshire Hathaway, Inc. Class B*

     5,820        1,160,974  

Leucadia National Corp.

     1,351        30,708  
     

 

 

 
Total Diversified Financial Services               1,191,682  
Diversified Telecommunication Services – 2.4%  

AT&T, Inc.

     21,301        759,381  

CenturyLink, Inc.

     1,334        21,917  

Cincinnati Bell, Inc.*

     227        3,144  

Iridium Communications, Inc.*(a)

     587        6,604  

Verizon Communications, Inc.

     18,973        907,289  

Zayo Group Holdings, Inc.*

     168        5,739  
     

 

 

 
Total Diversified Telecommunication Services               1,704,074  
Electric Utilities – 1.8%  

ALLETE, Inc.

     135        9,754  

Alliant Energy Corp.

     483        19,735  

American Electric Power Co., Inc.

     1,553        106,520  

Avangrid, Inc.

     893        45,650  

Duke Energy Corp.

     1,880        145,644  

Edison International

     1,264        80,466  

Eversource Energy

     971        57,211  

Exelon Corp.

     3,194        124,598  

Hawaiian Electric Industries, Inc.

     433        14,887  

IDACORP, Inc.

     200        17,654  

NextEra Energy, Inc.

     1,644        268,515  

OGE Energy Corp.

     751        24,610  

Otter Tail Corp.

     231        10,014  

PG&E Corp.

     2,797        122,872  

Pinnacle West Capital Corp.

     393        31,361  

Portland General Electric Co.

     289        11,707  

PPL Corp.

     2,906        82,211  

Southern Co. (The)

     645        28,806  

Westar Energy, Inc.

     311        16,355  

Xcel Energy, Inc.

     1,318        59,943  
     

 

 

 
Total Electric Utilities               1,278,513  
Electrical Equipment – 0.4%  

Acuity Brands, Inc.

     118        16,424  

AMETEK, Inc.

     507      $ 38,517  

Atkore International Group, Inc.*

     320        6,352  

Emerson Electric Co.

     1,545        105,523  

EnerSys

     209        14,498  

Generac Holdings, Inc.*

     178        8,172  

Hubbell, Inc.

     138        16,806  

Powell Industries, Inc.

     224        6,012  

Regal Beloit Corp.

     180        13,203  

Rockwell Automation, Inc.

     249        43,376  

Sunrun, Inc.*(a)

     1,289        11,511  
     

 

 

 
Total Electrical Equipment               280,394  
Electronic Equipment, Instruments & Components – 0.8%  

Amphenol Corp. Class A

     705        60,722  

Anixter International, Inc.*

     145        10,984  

Arrow Electronics, Inc.*

     374        28,805  

Avnet, Inc.

     451        18,834  

AVX Corp.

     693        11,469  

Benchmark Electronics, Inc.

     230        6,866  

CDW Corp.

     375        26,366  

Cognex Corp.

     207        10,762  

Coherent, Inc.*

     39        7,309  

Corning, Inc.

     4,439        123,759  

Dolby Laboratories, Inc. Class A

     254        16,144  

ePlus, Inc.*

     73        5,672  

FLIR Systems, Inc.

     277        13,853  

II-VI, Inc.*

     118        4,826  

Insight Enterprises, Inc.*

     193        6,741  

IPG Photonics Corp.*

     104        24,272  

Jabil, Inc.

     290        8,332  

KEMET Corp.*

     1,353        24,530  

Keysight Technologies, Inc.*

     388        20,327  

Littelfuse, Inc.

     58        12,074  

Methode Electronics, Inc.

     195        7,625  

National Instruments Corp.

     151        7,636  

OSI Systems, Inc.*

     65        4,243  

PC Connection, Inc.

     240        6,000  

Plexus Corp.*

     122        7,287  

Sanmina Corp.*

     287        7,505  

ScanSource, Inc.*

     216        7,679  

SYNNEX Corp.

     116        13,734  

Tech Data Corp.*

     93        7,917  

Trimble, Inc.*

     351        12,594  

Universal Display Corp.(a)

     30        3,030  

Vishay Intertechnology, Inc.

     399        7,421  
     

 

 

 
Total Electronic Equipment, Instruments & Components        535,318  
Energy Equipment & Services – 0.1%  

Diamond Offshore Drilling, Inc.*(a)

     585        8,576  

Halliburton Co.

     432        20,278  

RPC, Inc.(a)

     313        5,644  
     

 

 

 
Total Energy Equipment & Services               34,498  
Equity Real Estate Investment Trusts (REITs) – 2.5%  

Acadia Realty Trust

     232        5,707  

 

See Notes to Financial Statements.

 

102   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Alexander & Baldwin, Inc.

     240      $ 5,551  

Alexandria Real Estate Equities, Inc.

     56        6,994  

American Tower Corp.

     521        75,722  

Apartment Investment & Management Co. Class A

     308        12,551  

Apple Hospitality REIT, Inc.

     735        12,914  

AvalonBay Communities, Inc.

     295        48,516  

Boston Properties, Inc.

     242        29,819  

Brixmor Property Group, Inc.

     1,074        16,379  

Camden Property Trust

     117        9,849  

CBL & Associates Properties, Inc.(a)

     1,381        5,759  

Columbia Property Trust, Inc.

     791        16,184  

CoreCivic, Inc.

     566        11,048  

CoreSite Realty Corp.

     63        6,316  

Cousins Properties, Inc.

     1,809        15,702  

Crown Castle International Corp.

     282        30,910  

CubeSmart

     354        9,983  

DCT Industrial Trust, Inc.

     188        10,592  

DiamondRock Hospitality Co.

     780        8,143  

Digital Realty Trust, Inc.

     119        12,540  

Douglas Emmett, Inc.

     199        7,315  

Duke Realty Corp.

     675        17,874  

EastGroup Properties, Inc.

     118        9,754  

EPR Properties

     232        12,853  

Equinix, Inc.

     41        17,144  

Equity LifeStyle Properties, Inc.

     139        12,200  

Equity Residential

     712        43,873  

Essex Property Trust, Inc.

     129        31,048  

Extra Space Storage, Inc.

     238        20,792  

Federal Realty Investment Trust

     173        20,087  

First Industrial Realty Trust, Inc.

     361        10,552  

Forest City Realty Trust, Inc. Class A

     347        7,030  

Gaming and Leisure Properties, Inc.

     662        22,157  

GEO Group, Inc. (The)

     431        8,823  

GGP, Inc.

     1,898        38,833  

Global Net Lease, Inc.

     499        8,423  

Gramercy Property Trust

     251        5,454  

HCP, Inc.

     1,227        28,503  

Healthcare Realty Trust, Inc.

     323        8,950  

Hospitality Properties Trust

     464        11,758  

Host Hotels & Resorts, Inc.

     1,843        34,354  

Iron Mountain, Inc.

     351        11,534  

Kilroy Realty Corp.

     143        10,147  

Kimco Realty Corp.

     1,177        16,949  

Lamar Advertising Co. Class A

     253        16,106  

LaSalle Hotel Properties

     409        11,865  

Lexington Realty Trust

     764        6,013  

Liberty Property Trust

     510        20,262  

Life Storage, Inc.

     84        7,016  

Macerich Co. (The)

     132        7,395  

Medical Properties Trust, Inc.

     1,187        15,431  

Mid-America Apartment Communities, Inc.

     104        9,489  

National Health Investors, Inc.

     153        10,295  

National Retail Properties, Inc.

     313        12,288  

Omega Healthcare Investors, Inc.(a)

     483        13,060  

Outfront Media, Inc.

     348      $ 6,522  

Paramount Group, Inc.

     647        9,213  

Park Hotels & Resorts, Inc.

     5,353        144,638  

Pebblebrook Hotel Trust

     251        8,622  

Piedmont Office Realty Trust, Inc. Class A

     772        13,579  

Prologis, Inc.

     1,699        107,020  

Public Storage

     346        69,335  

Ramco-Gershenson Properties Trust

     530        6,551  

Rayonier, Inc.

     404        14,213  

Realty Income Corp.

     371        19,192  

Regency Centers Corp.

     153        9,024  

Retail Properties of America, Inc. Class A

     889        10,366  

Rexford Industrial Realty, Inc.

     261        7,514  

RLJ Lodging Trust

     557        10,828  

Ryman Hospitality Properties, Inc.

     152        11,772  

Sabra Health Care REIT, Inc.

     376        6,636  

Simon Property Group, Inc.

     662        102,180  

SL Green Realty Corp.

     63        6,100  

Spirit Realty Capital, Inc.

     430        3,337  

STORE Capital Corp.

     412        10,226  

Summit Hotel Properties, Inc.

     511        6,955  

Sunstone Hotel Investors, Inc.

     734        11,171  

Tanger Factory Outlet Centers, Inc.

     438        9,636  

Taubman Centers, Inc.

     125        7,114  

Terreno Realty Corp.

     24        828  

Tier REIT, Inc.

     512        9,462  

UDR, Inc.

     522        18,594  

Urban Edge Properties

     347        7,408  

Urstadt Biddle Properties, Inc. Class A

     36        695  

Ventas, Inc.

     1,116        55,275  

Vornado Realty Trust

     631        42,466  

W.P. Carey, Inc.

     222        13,762  

Washington Prime Group, Inc.

     1,577        10,519  

Weingarten Realty Investors

     462        12,973  

Welltower, Inc.

     836        45,503  

Weyerhaeuser Co.

     618        21,630  

Xenia Hotels & Resorts, Inc.

     548        10,807  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               1,758,472  
Food & Staples Retailing – 2.2%  

Casey’s General Stores, Inc.

     83        9,111  

Costco Wholesale Corp.

     867        163,369  

CVS Health Corp.

     4,226        262,899  

Kroger Co. (The)

     3,523        84,341  

Performance Food Group Co.*

     253        7,552  

PriceSmart, Inc.

     91        7,603  

Rite Aid Corp.*(a)

     4,616        7,755  

SpartanNash Co.

     208        3,580  

Sprouts Farmers Market, Inc.*

     411        9,646  

Sysco Corp.

     1,169        70,093  

U.S. Foods Holding Corp.*

     546        17,892  

United Natural Foods, Inc.*

     185        7,944  

Walgreens Boots Alliance, Inc.

     3,478        227,705  

Walmart, Inc.

     7,219        642,274  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      103  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Weis Markets, Inc.

     168      $ 6,885  
     

 

 

 
Total Food & Staples Retailing               1,528,649  
Food Products – 1.5%  

Archer-Daniels-Midland Co.

     1,818        78,847  

B&G Foods, Inc.(a)

     214        5,072  

Blue Buffalo Pet Products, Inc.*

     379        15,088  

Campbell Soup Co.

     1,304        56,476  

Conagra Brands, Inc.

     1,171        43,186  

Flowers Foods, Inc.

     412        9,006  

General Mills, Inc.

     1,809        81,514  

Hain Celestial Group, Inc. (The)*

     160        5,131  

Hershey Co. (The)

     384        38,001  

Hormel Foods Corp.

     1,422        48,803  

Ingredion, Inc.

     195        25,139  

J&J Snack Foods Corp.

     48        6,555  

J.M. Smucker Co. (The)

     333        41,295  

Kellogg Co.

     723        47,002  

Kraft Heinz Co. (The)

     3,109        193,660  

Lamb Weston Holdings, Inc.

     380        22,124  

McCormick & Co., Inc. Non-Voting Shares

     261        27,768  

Mondelez International, Inc. Class A

     2,913        121,559  

Pilgrim’s Pride Corp.*

     1,046        25,742  

Pinnacle Foods, Inc.

     165        8,926  

Sanderson Farms, Inc.

     108        12,854  

Seaboard Corp.

     4        17,060  

Seneca Foods Corp. Class A*

     148        4,100  

Tootsie Roll Industries, Inc.(a)

     228        6,704  

Tyson Foods, Inc. Class A

     1,285        94,049  
     

 

 

 
Total Food Products               1,035,661  
Gas Utilities – 0.2%  

Atmos Energy Corp.

     299        25,188  

Chesapeake Utilities Corp.

     13        914  

National Fuel Gas Co.

     326        16,773  

New Jersey Resources Corp.

     287        11,509  

Northwest Natural Gas Co.

     32        1,845  

Southwest Gas Holdings, Inc.

     155        10,483  

Spire, Inc.

     185        13,375  

UGI Corp.

     587        26,074  

WGL Holdings, Inc.

     40        3,346  
     

 

 

 
Total Gas Utilities               109,507  
Health Care Equipment & Supplies – 1.4%  

Abbott Laboratories

     2,261        135,479  

ABIOMED, Inc.*

     42        12,222  

Align Technology, Inc.*

     63        15,821  

Baxter International, Inc.

     971        63,154  

Becton, Dickinson and Co.

     271        58,726  

Boston Scientific Corp.*

     2,618        71,524  

Cantel Medical Corp.

     64        7,130  

Cooper Cos., Inc. (The)

     101        23,110  

Danaher Corp.

     1,581        154,796  

Edwards Lifesciences Corp.*

     402        56,087  

Globus Medical, Inc. Class A*

     194        9,665  

Haemonetics Corp.*

     87      $ 6,365  

Halyard Health, Inc.*

     125        5,760  

Hologic, Inc.*

     1,111        41,507  

IDEXX Laboratories, Inc.*

     90        17,225  

Inogen, Inc.*

     41        5,036  

Integra LifeSciences Holdings Corp.*

     116        6,419  

Intuitive Surgical, Inc.*

     145        59,860  

Masimo Corp.*

     80        7,036  

Neogen Corp.*

     83        5,560  

NuVasive, Inc.*

     101        5,273  

ResMed, Inc.

     232        22,845  

Stryker Corp.

     739        118,920  

Teleflex, Inc.

     53        13,514  

Varian Medical Systems, Inc.*

     132        16,190  

West Pharmaceutical Services, Inc.

     89        7,858  

Zimmer Biomet Holdings, Inc.

     387        42,199  
     

 

 

 
Total Health Care Equipment & Supplies               989,281  
Health Care Providers & Services – 3.2%  

Acadia Healthcare Co., Inc.*

     349        13,674  

Aetna, Inc.

     611        103,259  

Amedisys, Inc.*

     114        6,879  

AmerisourceBergen Corp.

     675        58,192  

AMN Healthcare Services, Inc.*

     181        10,272  

Anthem, Inc.

     813        178,616  

Cardinal Health, Inc.

     1,164        72,960  

Centene Corp.*

     525        56,107  

Cigna Corp.

     665        111,547  

DaVita, Inc.*

     610        40,223  

Encompass Health Corp.

     345        19,724  

Ensign Group, Inc. (The)

     296        7,785  

Express Scripts Holding Co.*

     3,230        223,128  

HCA Healthcare, Inc.

     1,781        172,757  

Henry Schein, Inc.*

     515        34,613  

Humana, Inc.

     447        120,167  

Laboratory Corp. of America Holdings*

     284        45,937  

LifePoint Health, Inc.*

     272        12,784  

McKesson Corp.

     1,946        274,133  

MEDNAX, Inc.*

     321        17,857  

National HealthCare Corp.

     132        7,871  

Owens & Minor, Inc.

     488        7,588  

Patterson Cos., Inc.

     371        8,247  

Premier, Inc. Class A*

     802        25,111  

Quest Diagnostics, Inc.

     425        42,628  

Select Medical Holdings Corp.*

     403        6,952  

Tivity Health, Inc.*

     159        6,304  

UnitedHealth Group, Inc.

     2,358        504,612  

Universal Health Services, Inc. Class B

     391        46,298  

WellCare Health Plans, Inc.*

     121        23,429  
     

 

 

 
Total Health Care Providers & Services        2,259,654  
Health Care Technology – 0.1%  

Cerner Corp.*

     620        35,960  

Cotiviti Holdings, Inc.*

     224        7,715  

HealthStream, Inc.

     186        4,618  

 

See Notes to Financial Statements.

 

104   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Veeva Systems, Inc. Class A*

     105      $ 7,667  
     

 

 

 
Total Health Care Technology        55,960  
Hotels, Restaurants & Leisure – 1.8%  

Aramark

     555        21,956  

BJ’s Restaurants, Inc.

     171        7,678  

Bloomin’ Brands, Inc.

     384        9,324  

Boyd Gaming Corp.

     264        8,411  

Brinker International, Inc.(a)

     256        9,242  

Cheesecake Factory, Inc. (The)(a)

     197        9,499  

Chipotle Mexican Grill, Inc.*

     31        10,017  

Choice Hotels International, Inc.

     116        9,297  

Cracker Barrel Old Country Store, Inc.(a)

     80        12,736  

Darden Restaurants, Inc.

     352        30,008  

Dave & Buster’s Entertainment, Inc.*

     160        6,678  

Domino’s Pizza, Inc.

     75        17,517  

Dunkin’ Brands Group, Inc.

     224        13,371  

Extended Stay America, Inc.

     649        12,831  

Fogo De Chao, Inc.*

     837        13,183  

Hilton Grand Vacations, Inc.*

     196        8,432  

Hyatt Hotels Corp. Class A

     221        16,854  

ILG, Inc.

     240        7,466  

International Speedway Corp. Class A

     218        9,614  

Jack in the Box, Inc.

     61        5,205  

Las Vegas Sands Corp.

     1,837        132,080  

Marriott International, Inc. Class A

     638        86,755  

Marriott Vacations Worldwide Corp.

     94        12,521  

McDonald’s Corp.

     2,030        317,451  

MGM Resorts International

     1,061        37,156  

Papa John’s International, Inc.

     132        7,564  

Penn National Gaming, Inc.*

     1,830        48,056  

Pinnacle Entertainment, Inc.*

     204        6,151  

Planet Fitness, Inc. Class A*

     152        5,741  

Six Flags Entertainment Corp.

     105        6,537  

Sonic Corp.(a)

     253        6,383  

Starbucks Corp.

     3,095        179,170  

Texas Roadhouse, Inc.

     194        11,209  

Vail Resorts, Inc.

     62        13,745  

Wyndham Worldwide Corp.

     321        36,732  

Wynn Resorts Ltd.

     148        26,989  

Yum! Brands, Inc.

     872        74,233  
     

 

 

 
Total Hotels, Restaurants & Leisure               1,247,792  
Household Durables – 0.7%  

Century Communities, Inc.*

     217        6,499  

D.R. Horton, Inc.

     1,207        52,915  

Hooker Furniture Corp.

     162        5,945  

Installed Building Products, Inc.*

     90        5,405  

KB Home

     321        9,133  

La-Z-Boy, Inc.

     212        6,349  

Leggett & Platt, Inc.

     455        20,184  

Lennar Corp. Class A

     1,199        70,669  

LGI Homes, Inc.*(a)

     121        8,539  

MDC Holdings, Inc.

     389        10,861  

Meritage Homes Corp.*

     242        10,951  

Mohawk Industries, Inc.*

     215      $ 49,927  

Newell Brands, Inc.

     2,508        63,904  

NVR, Inc.*

     8        22,400  

PulteGroup, Inc.

     1,211        35,712  

Taylor Morrison Home Corp. Class A*

     312        7,263  

Tempur Sealy International, Inc.*

     198        8,968  

Toll Brothers, Inc.

     629        27,204  

TRI Pointe Group, Inc.*

     630        10,351  

Tupperware Brands Corp.

     182        8,805  

Whirlpool Corp.

     282        43,177  
     

 

 

 
Total Household Durables               485,161  
Household Products – 1.3%  

Central Garden and Pet Co. Class A*

     220        8,714  

Church & Dwight Co., Inc.

     573        28,856  

Clorox Co. (The)

     283        37,670  

Colgate-Palmolive Co.

     1,927        138,128  

Energizer Holdings, Inc.

     276        16,444  

Kimberly-Clark Corp.

     1,094        120,482  

Procter & Gamble Co. (The)

     6,690        530,383  

Spectrum Brands Holdings, Inc.(a)

     165        17,111  
     

 

 

 
Total Household Products               897,788  
Independent Power & Renewable Electricity Producers – 0.0%  

Ormat Technologies, Inc.

     180        10,148  
Industrial Conglomerates – 1.5%  

3M Co.

     1,395        306,231  

Carlisle Cos., Inc.

     185        19,316  

General Electric Co.

     29,232        394,047  

Honeywell International, Inc.

     2,070        299,136  

Raven Industries, Inc.

     162        5,678  

Roper Technologies, Inc.

     154        43,226  
     

 

 

 
Total Industrial Conglomerates               1,067,634  
Insurance – 2.7%  

Aflac, Inc.

     3,742        163,750  

Allstate Corp. (The)

     1,666        157,937  

American Equity Investment Life Holding Co.

     595        17,469  

American Financial Group, Inc.

     442        49,601  

American National Insurance Co.

     93        10,877  

Arthur J. Gallagher & Co.

     476        32,715  

Assurant, Inc.

     162        14,808  

Brown & Brown, Inc.

     726        18,469  

Cincinnati Financial Corp.

     430        31,932  

CNA Financial Corp.

     1,116        55,075  

CNO Financial Group, Inc.

     1,315        28,496  

Erie Indemnity Co. Class A

     116        13,646  

FBL Financial Group, Inc. Class A

     114        7,906  

First American Financial Corp.

     227        13,320  

FNF Group

     949        37,979  

Genworth Financial, Inc. Class A*

     6,766        19,148  

Hartford Financial Services Group, Inc. (The)

     519        26,739  

Kemper Corp.

     137        7,809  

Lincoln National Corp.

     1,149        83,946  

Loews Corp.

     1,256        62,461  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      105  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Marsh & McLennan Cos., Inc.

     1,422      $ 117,443  

Mercury General Corp.

     190        8,715  

MetLife, Inc.

     2,022        92,790  

National General Holdings Corp.

     435        10,575  

National Western Life Group, Inc. Class A

     24        7,317  

Navigators Group, Inc. (The)

     141        8,129  

Old Republic International Corp.

     1,296        27,799  

Primerica, Inc.

     118        11,399  

Principal Financial Group, Inc.

     1,532        93,314  

ProAssurance Corp.

     169        8,205  

Progressive Corp. (The)

     1,477        89,994  

Prudential Financial, Inc.

     2,260        234,023  

Reinsurance Group of America, Inc.

     320        49,280  

RLI Corp.

     134        8,494  

Selective Insurance Group, Inc.

     144        8,741  

Torchmark Corp.

     391        32,910  

Travelers Cos., Inc. (The)

     1,051        145,942  

Universal Insurance Holdings, Inc.

     350        11,165  

Unum Group

     1,085        51,657  

W.R. Berkley Corp.

     537        39,040  
     

 

 

 
Total Insurance               1,911,015  
Internet & Catalog Retail – 0.8%  

Amazon.com, Inc.*

     101        146,182  

Booking Holdings, Inc.*

     128        266,290  

Expedia Group, Inc.

     225        24,842  

Liberty Interactive Corp., QVC Group Class A*

     1,602        40,323  

Netflix, Inc.*

     138        40,758  

Nutrisystem, Inc.

     117        3,153  

TripAdvisor, Inc.*

     143        5,847  
     

 

 

 
Total Internet & Catalog Retail               527,395  
Internet Software & Services – 3.9%  

Akamai Technologies, Inc.*

     319        22,643  

Alphabet, Inc. Class A*

     1,228        1,273,608  

Cars.com, Inc.*

     342        9,689  

eBay, Inc.*

     12,185        490,324  

Facebook, Inc. Class A*

     5,194        829,949  

GrubHub, Inc.*

     73        7,407  

IAC/InterActiveCorp*

     197        30,807  

j2 Global, Inc.

     134        10,575  

Match Group, Inc.*(a)

     957        42,529  

SPS Commerce, Inc.*

     80        5,126  

Stamps.com, Inc.*

     45        9,047  

VeriSign, Inc.*

     228        27,032  
     

 

 

 
Total Internet Software & Services               2,758,736  
IT Services – 3.4%  

Alliance Data Systems Corp.

     139        29,587  

Automatic Data Processing, Inc.

     945        107,239  

Black Knight, Inc.*

     125        5,887  

Booz Allen Hamilton Holding Corp.

     396        15,333  

Broadridge Financial Solutions, Inc.

     178        19,525  

CACI International, Inc. Class A*

     60        9,081  

Cognizant Technology Solutions Corp. Class A

     1,662        133,791  

Convergys Corp.

     436      $ 9,862  

CoreLogic, Inc.*

     129        5,835  

CSRA, Inc.

     682        28,119  

DST Systems, Inc.

     443        37,057  

DXC Technology Co.

     173        17,392  

EPAM Systems, Inc.*

     62        7,100  

Euronet Worldwide, Inc.*

     150        11,838  

ExlService Holdings, Inc.*

     117        6,525  

Fidelity National Information Services, Inc.

     307        29,564  

First Data Corp. Class A*

     2,682        42,912  

Fiserv, Inc.*

     870        62,040  

FleetCor Technologies, Inc.*

     190        38,475  

Global Payments, Inc.

     107        11,933  

International Business Machines Corp.

     4,434        680,309  

Jack Henry & Associates, Inc.

     140        16,933  

Leidos Holdings, Inc.

     319        20,863  

ManTech International Corp. Class A

     160        8,875  

MasterCard, Inc. Class A

     1,879        329,126  

MAXIMUS, Inc.

     215        14,349  

Paychex, Inc.

     764        47,055  

PayPal Holdings, Inc.*

     1,311        99,466  

Sabre Corp.

     559        11,990  

Science Applications International Corp.

     109        8,589  

Syntel, Inc.*

     468        11,948  

Teradata Corp.*

     159        6,307  

Total System Services, Inc.

     313        26,999  

Visa, Inc. Class A

     3,498        418,431  

Western Union Co. (The)

     2,651        50,979  

WEX, Inc.*

     45        7,048  

Worldpay, Inc. Class A*

     219        18,010  
     

 

 

 
Total IT Services               2,406,372  
Leisure Products – 0.1%  

Acushnet Holdings Corp.

     350        8,081  

American Outdoor Brands Corp.*(a)

     650        6,708  

Brunswick Corp.

     319        18,945  

Callaway Golf Co.

     998        16,327  

Hasbro, Inc.

     417        35,153  

Polaris Industries, Inc.

     86        9,849  

Sturm Ruger & Co., Inc.(a)

     153        8,033  
     

 

 

 
Total Leisure Products               103,096  
Life Sciences Tools & Services – 0.5%  

Agilent Technologies, Inc.

     658        44,020  

Bruker Corp.

     268        8,019  

Cambrex Corp.*

     154        8,054  

Charles River Laboratories International, Inc.*

     128        13,663  

Illumina, Inc.*

     228        53,904  

Mettler-Toledo International, Inc.*

     39        22,426  

PerkinElmer, Inc.

     199        15,068  

PRA Health Sciences, Inc.*

     108        8,960  

Thermo Fisher Scientific, Inc.

     778        160,626  

Waters Corp.*

     159        31,585  
     

 

 

 
Total Life Sciences Tools & Services               366,325  

 

See Notes to Financial Statements.

 

106   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Machinery – 1.8%  

AGCO Corp.

     133      $ 8,625  

Alamo Group, Inc.

     60        6,594  

Albany International Corp. Class A

     101        6,333  

Allison Transmission Holdings, Inc.

     454        17,733  

Barnes Group, Inc.

     194        11,619  

Caterpillar, Inc.

     599        88,281  

Colfax Corp.*

     329        10,495  

Crane Co.

     132        12,242  

Cummins, Inc.

     570        92,391  

Deere & Co.

     840        130,469  

Donaldson Co., Inc.

     320        14,416  

Dover Corp.

     456        44,788  

EnPro Industries, Inc.

     374        28,940  

Federal Signal Corp.

     328        7,223  

Flowserve Corp.

     274        11,872  

Fortive Corp.

     830        64,342  

Franklin Electric Co., Inc.

     171        6,968  

Global Brass & Copper Holdings, Inc.

     252        8,429  

Graco, Inc.

     213        9,738  

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

     177        8,894  

Hillenbrand, Inc.

     252        11,567  

Hyster-Yale Materials Handling, Inc.

     82        5,734  

IDEX Corp.

     95        13,538  

Illinois Tool Works, Inc.

     822        128,775  

ITT, Inc.

     282        13,812  

Kadant, Inc.

     58        5,481  

Kennametal, Inc.

     209        8,393  

Lincoln Electric Holdings, Inc.

     205        18,440  

Lindsay Corp.

     86        7,864  

Meritor, Inc.*

     857        17,620  

Middleby Corp. (The)*

     159        19,683  

Mueller Industries, Inc.

     263        6,880  

Nordson Corp.

     115        15,679  

Oshkosh Corp.

     162        12,518  

PACCAR, Inc.

     1,166        77,154  

Parker-Hannifin Corp.

     310        53,019  

Proto Labs, Inc.*

     74        8,699  

RBC Bearings, Inc.*

     52        6,458  

Rexnord Corp.*

     285        8,459  

Snap-on, Inc.

     210        30,983  

Standex International Corp.

     74        7,056  

Stanley Black & Decker, Inc.

     459        70,319  

Timken Co. (The)

     186        8,482  

Toro Co. (The)

     141        8,805  

Trinity Industries, Inc.

     389        12,693  

Wabash National Corp.

     289        6,014  

WABCO Holdings, Inc.*

     115        15,395  

Wabtec Corp.(a)

     218        17,745  

Watts Water Technologies, Inc. Class A

     136        10,567  

Welbilt, Inc.*

     335        6,516  

Woodward, Inc.

     204        14,619  

Xylem, Inc.

     229        17,615  
     

 

 

 
Total Machinery               1,256,974  
Marine – 0.0%  

Kirby Corp.*

     142      $ 10,927  

Matson, Inc.

     273        7,819  
     

 

 

 
Total Marine               18,746  
Media – 3.4%  

AMC Networks, Inc. Class A*

     384        19,853  

Cable One, Inc.

     10        6,871  

CBS Corp. Class B Non-Voting Shares

     1,608        82,635  

Charter Communications, Inc. Class A*

     153        47,617  

Cinemark Holdings, Inc.

     408        15,369  

Comcast Corp. Class A

     16,128        551,094  

Discovery Communications, Inc. Class A*(a)

     2,285        48,968  

DISH Network Corp. Class A*

     1,666        63,125  

Entravision Communications Corp. Class A

     1,620        7,614  

GCI Liberty, Inc. Class A*

     865        45,724  

Gray Television, Inc.*

     656        8,331  

Interpublic Group of Cos., Inc. (The)

     1,770        40,763  

John Wiley & Sons, Inc. Class A

     118        7,517  

Liberty Media Corp–Liberty Formula One Series C*

     662        20,423  

Liberty Media Corp–Liberty SiriusXM Class A*

     809        33,250  

Liberty Media Corp–Liberty SiriusXM Series C*

     453        18,505  

Meredith Corp.

     193        10,383  

MSG Networks, Inc. Class A*

     622        14,057  

New York Times Co. (The) Class A

     435        10,483  

Nexstar Media Group, Inc. Class A(a)

     84        5,586  

Omnicom Group, Inc.

     979        71,144  

Sinclair Broadcast Group, Inc. Class A(a)

     443        13,866  

Sirius XM Holdings, Inc.(a)

     9,651        60,222  

TEGNA, Inc.

     1,255        14,294  

Time Warner, Inc.

     2,791        263,973  

Twenty-First Century Fox, Inc. Class A

     5,478        200,988  

Viacom, Inc. Class B

     3,859        119,861  

Walt Disney Co. (The)

     5,317        534,039  

WideOpenWest, Inc.*(a)

     789        5,641  

World Wrestling Entertainment, Inc. Class A

     167        6,014  
     

 

 

 
Total Media               2,348,210  
Metals & Mining – 0.5%  

Alcoa Corp.*

     465        20,907  

Carpenter Technology Corp.

     133        5,868  

Cleveland-Cliffs, Inc.*

     1,714        11,912  

Compass Minerals International, Inc.(a)

     148        8,924  

Freeport-McMoRan, Inc.*

     4,268        74,989  

Kaiser Aluminum Corp.

     85        8,577  

Materion Corp.

     123        6,279  

Nucor Corp.

     1,114        68,054  

Reliance Steel & Aluminum Co.

     265        22,721  

Royal Gold, Inc.

     129        11,077  

Steel Dynamics, Inc.

     822        36,349  

United States Steel Corp.

     262        9,220  

Warrior Met Coal, Inc.(a)

     1,032        28,906  

Worthington Industries, Inc.

     289        12,404  
     

 

 

 
Total Metals & Mining               326,187  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      107  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
Multi-Utilities – 0.8%  

Ameren Corp.

     519      $ 29,391  

Black Hills Corp.

     191        10,371  

CenterPoint Energy, Inc.

     1,369        37,511  

CMS Energy Corp.

     687        31,114  

Consolidated Edison, Inc.

     794        61,884  

Dominion Energy, Inc.

     1,601        107,955  

DTE Energy Co.

     545        56,898  

MDU Resources Group, Inc.

     616        17,347  

NiSource, Inc.

     803        19,200  

NorthWestern Corp.

     225        12,105  

Public Service Enterprise Group, Inc.

     534        26,828  

SCANA Corp.

     602        22,605  

Sempra Energy

     613        68,178  

Vectren Corp.

     265        16,939  

WEC Energy Group, Inc.

     910        57,057  
     

 

 

 
Total Multi-Utilities               575,383  
Multiline Retail – 0.7%  

Big Lots, Inc.(a)

     179        7,792  

Dillard’s, Inc. Class A(a)

     139        11,167  

Dollar General Corp.

     807        75,495  

Dollar Tree, Inc.*

     565        53,618  

Kohl’s Corp.

     776        50,836  

Macy’s, Inc.

     1,635        48,625  

Nordstrom, Inc.

     693        33,548  

Ollie’s Bargain Outlet Holdings, Inc.*

     133        8,020  

Target Corp.

     2,619        181,837  
     

 

 

 
Total Multiline Retail               470,938  
Oil, Gas & Consumable Fuels – 2.9%  

Andeavor

     368        37,006  

Apache Corp.

     1,020        39,250  

Carrizo Oil & Gas, Inc.*

     355        5,680  

Chevron Corp.

     3,321        378,727  

Cimarex Energy Co.

     213        19,915  

Concho Resources, Inc.*

     253        38,033  

ConocoPhillips

     102        6,048  

Delek U.S. Holdings, Inc.

     129        5,250  

Devon Energy Corp.

     2,486        79,030  

Diamondback Energy, Inc.*

     229        28,973  

Exxon Mobil Corp.

     9,620        717,748  

HollyFrontier Corp.

     458        22,378  

Kinder Morgan, Inc.

     4,242        63,884  

Laredo Petroleum, Inc.*

     813        7,081  

Marathon Petroleum Corp.

     1,521        111,200  

Matador Resources Co.*

     495        14,805  

Newfield Exploration Co.*

     756        18,462  

Occidental Petroleum Corp.

     513        33,324  

ONEOK, Inc.

     478        27,208  

Par Pacific Holdings, Inc.*

     374        6,422  

PBF Energy, Inc. Class A

     437        14,814  

Phillips 66

     1,221        117,118  

Pioneer Natural Resources Co.

     56        9,620  

RSP Permian, Inc.*

     184        8,626  

Southwestern Energy Co.*

     3,632      $ 15,727  

SRC Energy, Inc.*

     837        7,893  

Stone Energy Corp.*

     670        24,857  

Valero Energy Corp.

     1,402        130,064  

W&T Offshore, Inc.*

     2,076        9,197  

Williams Cos., Inc. (The)

     1,008        25,059  
     

 

 

 
Total Oil, Gas & Consumable Fuels               2,023,399  
Paper & Forest Products – 0.1%  

Domtar Corp.

     254        10,805  

Louisiana-Pacific Corp.

     750        21,578  

Neenah, Inc.

     98        7,683  

Schweitzer-Mauduit International, Inc.

     172        6,734  
     

 

 

 
Total Paper & Forest Products               46,800  
Personal Products – 0.2%  

Edgewell Personal Care Co.*

     224        10,936  

Estee Lauder Cos., Inc. (The) Class A

     662        99,115  

Nu Skin Enterprises, Inc. Class A

     127        9,361  

USANA Health Sciences, Inc.*

     75        6,442  
     

 

 

 
Total Personal Products               125,854  
Pharmaceuticals – 3.1%  

Bristol-Myers Squibb Co.

     3,834        242,501  

Catalent, Inc.*

     168        6,898  

Eli Lilly & Co.

     1,563        120,929  

Innoviva, Inc.*

     570        9,502  

Johnson & Johnson

     7,092        908,840  

Merck & Co., Inc.

     3,636        198,053  

Pfizer, Inc.

     16,874        598,858  

Phibro Animal Health Corp. Class A

     222        8,813  

Prestige Brands Holdings, Inc.*(a)

     159        5,362  

Supernus Pharmaceuticals, Inc.*

     130        5,954  

Zoetis, Inc.

     810        67,643  
     

 

 

 
Total Pharmaceuticals               2,173,353  
Professional Services – 0.3%  

ASGN, Inc.*

     100        8,188  

CoStar Group, Inc.*

     24        8,704  

Dun & Bradstreet Corp. (The)

     107        12,519  

Equifax, Inc.

     287        33,812  

Exponent, Inc.

     96        7,550  

FTI Consulting, Inc.*

     134        6,487  

Kelly Services, Inc. Class A

     299        8,683  

Korn/Ferry International

     219        11,298  

ManpowerGroup, Inc.

     207        23,826  

Robert Half International, Inc.

     387        22,403  

TransUnion*

     332        18,851  

TriNet Group, Inc.*

     227        10,515  

TrueBlue, Inc.*

     199        5,154  

Verisk Analytics, Inc.*

     314        32,656  

WageWorks, Inc.*

     81        3,661  
     

 

 

 
Total Professional Services               214,307  
Real Estate Management & Development – 0.2%  

CBRE Group, Inc. Class A*

     1,070        50,525  

Forestar Group, Inc.*(a)

     355        7,508  

 

See Notes to Financial Statements.

 

108   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

HFF, Inc. Class A

     207      $ 10,288  

Howard Hughes Corp. (The)*

     44        6,122  

Jones Lang LaSalle, Inc.

     147        25,672  

Marcus & Millichap, Inc.*

     269        9,700  

Realogy Holdings Corp.

     568        15,495  
     

 

 

 
Total Real Estate Management & Development               125,310  
Road & Rail – 0.9%  

AMERCO

     50        17,255  

Avis Budget Group, Inc.*(a)

     194        9,087  

CSX Corp.

     1,885        105,013  

Genesee & Wyoming, Inc. Class A*

     82        5,805  

Heartland Express, Inc.

     326        5,865  

JB Hunt Transport Services, Inc.

     251        29,405  

Kansas City Southern

     308        33,834  

Landstar System, Inc.

     98        10,746  

Norfolk Southern Corp.

     794        107,809  

Old Dominion Freight Line, Inc.

     124        18,224  

Ryder System, Inc.

     155        11,282  

Saia, Inc.*

     118        8,868  

Schneider National, Inc. Class B

     459        11,961  

Union Pacific Corp.

     2,132        286,605  
     

 

 

 
Total Road & Rail               661,759  
Semiconductors & Semiconductor Equipment – 4.2%  

Advanced Energy Industries, Inc.*

     196        12,524  

Amkor Technology, Inc.*

     1,555        15,752  

Analog Devices, Inc.

     485        44,198  

Applied Materials, Inc.

     4,100        228,001  

Brooks Automation, Inc.

     223        6,039  

Cabot Microelectronics Corp.

     89        9,533  

Cirrus Logic, Inc.*

     272        11,051  

Entegris, Inc.

     263        9,152  

Integrated Device Technology, Inc.*

     236        7,212  

Intel Corp.

     19,507        1,015,925  

KLA-Tencor Corp.

     605        65,951  

Lam Research Corp.

     671        136,320  

Maxim Integrated Products, Inc.

     660        39,745  

Microchip Technology, Inc.(a)

     388        35,448  

Micron Technology, Inc.*

     7,182        374,469  

Microsemi Corp.*

     222        14,368  

MKS Instruments, Inc.

     212        24,518  

Monolithic Power Systems, Inc.

     60        6,946  

NVIDIA Corp.

     842        194,999  

ON Semiconductor Corp.*

     1,287        31,480  

Power Integrations, Inc.

     74        5,058  

QUALCOMM, Inc.

     4,462        247,239  

Silicon Laboratories, Inc.*

     75        6,743  

Skyworks Solutions, Inc.

     634        63,565  

Teradyne, Inc.

     674        30,809  

Texas Instruments, Inc.

     2,662        276,555  

Ultra Clean Holdings, Inc.*

     262        5,044  

Versum Materials, Inc.

     365        13,735  

Xilinx, Inc.

     527        38,070  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               2,970,449  
Software – 4.0%  

ACI Worldwide, Inc.*

     265      $ 6,286  

Activision Blizzard, Inc.

     1,049        70,766  

Adobe Systems, Inc.*

     590        127,487  

ANSYS, Inc.*

     107        16,766  

Aspen Technology, Inc.*

     171        13,490  

Blackbaud, Inc.

     58        5,905  

CA, Inc.

     1,315        44,579  

Cadence Design Systems, Inc.*

     285        10,479  

CDK Global, Inc.

     279        17,672  

Citrix Systems, Inc.*

     357        33,130  

Electronic Arts, Inc.*

     689        83,534  

Ellie Mae, Inc.*

     57        5,241  

Fortinet, Inc.*

     134        7,180  

Intuit, Inc.

     370        64,139  

Manhattan Associates, Inc.*

     244        10,219  

Microsoft Corp.

     16,815        1,534,705  

MicroStrategy, Inc. Class A*

     53        6,836  

Oracle Corp.

     11,975        547,856  

Paycom Software, Inc.*(a)

     87        9,343  

Pegasystems, Inc.

     103        6,247  

Qualys, Inc.*

     93        6,766  

Red Hat, Inc.*

     144        21,529  

SS&C Technologies Holdings, Inc.

     326        17,487  

Synopsys, Inc.*

     109        9,073  

Take-Two Interactive Software, Inc.*

     94        9,191  

Tyler Technologies, Inc.*

     49        10,337  

VMware, Inc. Class A*

     677        82,100  
     

 

 

 
Total Software               2,778,343  
Specialty Retail – 2.6%  

Aaron’s, Inc.

     226        10,532  

Advance Auto Parts, Inc.

     220        26,081  

American Eagle Outfitters, Inc.

     763        15,207  

Asbury Automotive Group, Inc.*

     174        11,745  

AutoNation, Inc.*

     439        20,536  

AutoZone, Inc.*

     106        68,761  

Bed Bath & Beyond, Inc.

     1,496        31,401  

Best Buy Co., Inc.

     1,165        81,538  

Burlington Stores, Inc.*

     164        21,837  

Caleres, Inc.

     226        7,594  

CarMax, Inc.*

     624        38,651  

Cato Corp. (The) Class A

     254        3,744  

Chico’s FAS, Inc.

     812        7,340  

Children’s Place, Inc. (The)

     50        6,763  

Dick’s Sporting Goods, Inc.

     610        21,381  

DSW, Inc. Class A

     359        8,063  

Floor & Decor Holdings, Inc. Class A*

     129        6,723  

Foot Locker, Inc.

     758        34,519  

GameStop Corp. Class A(a)

     1,157        14,601  

Gap, Inc. (The)

     1,544        48,173  

Group 1 Automotive, Inc.

     104        6,795  

Home Depot, Inc. (The)

     2,847        507,449  

L Brands, Inc.

     1,048        40,044  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      109  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  

Lithia Motors, Inc. Class A

     114      $ 11,459  

Lowe’s Cos., Inc.

     2,524        221,481  

Michaels Cos., Inc. (The)*

     1,050        20,696  

Monro, Inc.

     133        7,129  

Murphy USA, Inc.*

     126        9,173  

O’Reilly Automotive, Inc.*

     262        64,814  

Office Depot, Inc.

     5,246        11,279  

Party City Holdco, Inc.*(a)

     646        10,078  

Penske Automotive Group, Inc.

     469        20,791  

Ross Stores, Inc.

     990        77,200  

Sally Beauty Holdings, Inc.*

     800        13,160  

Sleep Number Corp.*

     154        5,413  

Tiffany & Co.

     303        29,591  

TJX Cos., Inc. (The)

     2,013        164,180  

Tractor Supply Co.

     404        25,460  

Ulta Salon Cosmetics & Fragrance, Inc.*

     131        26,759  

Urban Outfitters, Inc.*

     367        13,564  

Williams-Sonoma, Inc.(a)

     371        19,574  

Winmark Corp.

     53        6,932  
     

 

 

 
Total Specialty Retail               1,798,211  
Technology Hardware, Storage & Peripherals – 4.7%  

Apple, Inc.

     17,443        2,926,587  

Hewlett Packard Enterprise Co.

     1,692        29,678  

HP, Inc.

     7,225        158,372  

NCR Corp.*

     460        14,499  

NetApp, Inc.

     686        42,319  

Super Micro Computer, Inc.*(a)

     284        4,828  

Western Digital Corp.

     1,075        99,190  

Xerox Corp.

     1,118        32,176  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               3,307,649  
Textiles, Apparel & Luxury Goods – 0.7%  

Carter’s, Inc.

     152        15,823  

Columbia Sportswear Co.

     196        14,980  

Hanesbrands, Inc.(a)

     1,779        32,769  

NIKE, Inc. Class B

     3,918        260,312  

Oxford Industries, Inc.

     85        6,338  

PVH Corp.

     245        37,100  

Ralph Lauren Corp.

     56        6,261  

Skechers U.S.A., Inc. Class A*

     467        18,162  

Steven Madden Ltd.

     204        8,956  

Tapestry, Inc.

     660        34,723  

Under Armour, Inc. Class A*(a)

     718        11,739  

VF Corp.

     949        70,340  

Wolverine World Wide, Inc.

     186        5,375  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               522,878  
Thrifts & Mortgage Finance – 0.3%  

BofI Holding, Inc.*

     409        16,577  

Capitol Federal Financial, Inc.

     725        8,954  

Dime Community Bancshares, Inc.

     430        7,912  

Federal Agricultural Mortgage Corp. Class C

     134        11,661  

LendingTree, Inc.*(a)

     14        4,594  

Meta Financial Group, Inc.

     74        8,081  

MGIC Investment Corp.*

     1,753      $ 22,789  

Nationstar Mortgage Holdings, Inc.*

     739        13,272  

New York Community Bancorp, Inc.

     1,679        21,877  

NMI Holdings, Inc. Class A*

     529        8,755  

Northwest Bancshares, Inc.

     678        11,228  

PennyMac Financial Services, Inc. Class A*

     419        9,490  

Provident Financial Services, Inc.

     368        9,417  

Radian Group, Inc.

     984        18,735  

TFS Financial Corp.

     402        5,905  

Walker & Dunlop, Inc.

     213        12,657  

Washington Federal, Inc.

     350        12,110  

WSFS Financial Corp.

     205        9,820  
     

 

 

 
Total Thrifts & Mortgage Finance               213,834  
Tobacco – 1.8%  

Altria Group, Inc.

     13,213        823,434  

Philip Morris International, Inc.

     3,995        397,103  

Universal Corp.

     106        5,141  
     

 

 

 
Total Tobacco               1,225,678  
Trading Companies & Distributors – 0.3%  

Air Lease Corp.

     551        23,484  

Applied Industrial Technologies, Inc.

     139        10,133  

Fastenal Co.

     646        35,265  

GATX Corp.

     213        14,588  

GMS, Inc.*

     144        4,401  

HD Supply Holdings, Inc.*

     437        16,580  

Kaman Corp.

     160        9,939  

MSC Industrial Direct Co., Inc. Class A

     173        15,866  

Rush Enterprises, Inc. Class A*

     137        5,821  

SiteOne Landscape Supply, Inc.*

     86        6,625  

United Rentals, Inc.*

     219        37,828  

W.W. Grainger, Inc.

     145        40,929  

Watsco, Inc.

     20        3,619  

WESCO International, Inc.*

     213        13,217  
     

 

 

 
Total Trading Companies & Distributors               238,295  
Transportation Infrastructure – 0.0%  

Macquarie Infrastructure Corp.

     172        6,352  
Water Utilities – 0.1%  

American Water Works Co., Inc.

     375        30,799  

Aqua America, Inc.

     271        9,230  

SJW Group

     145        7,643  
     

 

 

 
Total Water Utilities               47,672  
Wireless Telecommunication Services – 0.2%  

T-Mobile U.S., Inc.*

     2,130        130,015  

Telephone & Data Systems, Inc.

     164        4,597  

United States Cellular Corp.*

     123        4,943  
     

 

 

 
Total Wireless Telecommunication Services        139,555  

TOTAL COMMON STOCKS

(Cost: $57,243,108)

              69,837,665  

 

See Notes to Financial Statements.

 

110   WisdomTree Domestic Equity Funds


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Total Earnings Fund (EXT)

March 31, 2018

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.5%  
United States – 0.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 1.74%(b)

     
(Cost: $315,983)(c)      315,983      $ 315,983  

TOTAL INVESTMENTS IN SECURITIES – 100.3%

(Cost: $57,559,091)

        70,153,648  

Other Assets less Liabilities – (0.3)%

 

     (207,349
     

 

 

 
NET ASSETS – 100.0%             $ 69,946,299  
* Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2018 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2018.

 

(c) 

At March 31, 2018, the total market value of the Fund’s securities on loan was $523,001 and the total market value of the collateral held by the Fund was $538,988. The total market value of the collateral includes non-cash U.S. Government and U.S. Government Agencies securities collateral having a value of $223,005.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      111  


Table of Contents

Statements of Assets and Liabilities

WisdomTree Domestic Equity Funds

March 31, 2018

 

  

 

 

      WisdomTree
U.S. Dividend
ex-Financials
Fund
     WisdomTree
U.S. Earnings
500 Fund
     WisdomTree
U.S. High
Dividend Fund
     WisdomTree
U.S. LargeCap
Dividend Fund
     WisdomTree
U.S. MidCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 766,082,385      $ 152,033,250      $ 1,035,162,679      $ 1,658,470,889      $ 2,863,798,756  

Investment in affiliates, at cost (Note 3)

     1,810,853        205,098        2,979,284               1,571,391  

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

     808,496,223        184,527,771        1,034,974,707        1,931,015,031        3,102,670,847  

Investment in affiliates, at value (Note 3)

     1,828,217        204,565        3,058,050               1,487,251  

Cash

     638,807        102,167        859,850        1,218,298        2,373,319  

Receivables:

              

Investment securities sold

                   10,219,496        8,847,876         

Dividends

     1,434,943        186,804        2,466,997        2,693,067        6,685,075  

Securities lending income

     1,882        513        8,591        3,406        53,737  

Total Assets

     812,400,072        185,021,820        1,051,587,691        1,943,777,678        3,113,270,229  

LIABILITIES:

              

Payables:

              

Cash collateral received for securities loaned (Note 2)

     1,620,500        164,281        5,724,612        897,917        47,791,085  

Capital shares redeemed

                   10,216,721        8,849,205         

Advisory fees (Note 3)

     266,762        44,096        347,138        471,457        990,621  

Service fees (Note 2)

     3,104        695        4,039        7,424        11,484  

Total Liabilities

     1,890,366        209,072        16,292,510        10,226,003        48,793,190  

NET ASSETS

   $ 810,509,706      $ 184,812,748      $ 1,035,295,181      $ 1,933,551,675      $ 3,064,477,039  

NET ASSETS:

              

Paid-in capital

   $ 772,750,518      $ 156,780,109      $ 1,059,137,068      $ 1,687,775,839      $ 2,861,685,902  

Undistributed (Distributions in excess of) net investment income

            171,084        (1,168      224,829        1,247,018  

Accumulated net realized loss on investments

     (4,672,014      (4,632,433      (23,731,513      (26,993,135      (37,243,832

Net unrealized appreciation (depreciation) on investments

     42,431,202        32,493,988        (109,206      272,544,142        238,787,951  

NET ASSETS

   $ 810,509,706      $ 184,812,748      $ 1,035,295,181      $ 1,933,551,675      $ 3,064,477,039  

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

     9,600,000        6,100,000        15,200,000        21,850,000        89,850,000  

Net asset value per share

   $ 84.43      $ 30.30      $ 68.11      $ 88.49      $ 34.11  

1 Includes market value of securities out on loan of:

   $ 1,605,427      $ 421,554      $ 9,183,070      $ 2,678,592      $ 73,769,348  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

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

 

 

See Notes to Financial Statements.

 

112   WisdomTree Domestic Equity Funds


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Domestic Equity Funds

March 31, 2018

 

  

 

 

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

ASSETS:

              

Investments, at cost

   $ 970,225,102      $ 5,568,618      $ 1,872,713,158      $ 43,969,156      $ 2,057,928,332  

Investment in affiliates, at cost (Note 3)

     2,073,717                             10,467,137  

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

     1,060,174,113        5,645,506        2,063,509,388        44,786,099        2,066,434,623  

Investment in affiliates, at value (Note 3)

     2,110,629                             10,549,153  

Cash

     1,060,438        13,146        1,407,551        33,845        1,851,151  

Receivables:

              

Investment securities sold

                   5,392,421                

Capital shares sold

                   7,954,872                

Dividends

     1,586,486        5,198        1,883,073        56,960        5,946,560  

Securities lending income

     56,958        59        3,379        248        254,747  

Total Assets

     1,064,988,624        5,663,909        2,080,150,684        44,877,152        2,085,036,234  

LIABILITIES:

              

Payables:

              

Cash collateral received for securities loaned (Note 2)

     29,485,872        67,574        1,751,217        395,892        119,114,409  

Investment securities purchased

            12,615        13,586,296                

Advisory fees (Note 3)

     334,437        1,321        499,995        14,620        637,095  

Service fees (Note 2)

     3,885        22        7,856        170        7,412  

Total Liabilities

     29,824,194        81,532        15,845,364        410,682        119,758,916  

NET ASSETS

   $ 1,035,164,430      $ 5,582,377      $ 2,064,305,320      $ 44,466,470      $ 1,965,277,318  

NET ASSETS:

              

Paid-in capital

   $ 972,196,552      $ 5,571,330      $ 1,878,331,416      $ 43,926,785      $ 2,036,056,719  

Undistributed net investment income

     1,228,287        5,315        480,177        27,184        1,179,069  

Accumulated net realized loss on investments

     (28,246,332      (71,156      (5,302,503      (304,442      (80,546,777

Net unrealized appreciation on investments

     89,985,923        76,888        190,796,230        816,943        8,588,307  

NET ASSETS

   $ 1,035,164,430      $ 5,582,377      $ 2,064,305,320      $ 44,466,470      $ 1,965,277,318  

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

     26,800,000        200,000        51,200,000        550,000        71,650,000  

Net asset value per share

   $ 38.63      $ 27.91      $ 40.32      $ 80.85      $ 27.43  

1 Includes market value of securities out on loan of:

   $ 42,859,326      $ 66,083      $ 5,471,938      $ 608,291      $ 226,965,658  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

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 Domestic Equity Funds      113  


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Domestic Equity Funds

March 31, 2018

 

  

 

 

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

ASSETS:

           

Investments, at cost

   $ 580,166,441      $ 106,186,785      $ 470,522,675      $ 57,559,091  

Investment in affiliates, at cost (Note 3)

     607,610               10,364         

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

     630,976,982        106,836,383        579,435,736        70,153,648  

Investment in affiliates, at value (Note 3)

     681,155               11,117         

Cash

     367,524        167,353        500,481        49,308  

Receivables:

           

Dividends

     455,423        202,476        975,389        75,829  

Securities lending income

     92,533        8,415        4,021        784  

Total Assets

     632,573,617        107,214,627        580,926,744        70,279,569  

LIABILITIES:

           

Payables:

           

Cash collateral received for securities loaned (Note 2)

     43,382,452        5,972,237        1,550,841        315,983  

Investment securities purchased

            148,400                

Advisory fees (Note 3)

     189,759        33,433        142,159        17,020  

Service fees (Note 2)

     2,202        387        2,236        267  

Total Liabilities

     43,574,413        6,154,457        1,695,236        333,270  

NET ASSETS

   $ 588,999,204      $ 101,060,170      $ 579,231,508      $ 69,946,299  

NET ASSETS:

           

Paid-in capital

   $ 564,601,806      $ 109,229,080      $ 478,649,466      $ 58,273,160  

Undistributed net investment income

     377,733        36,508        60,597        66,563  

Accumulated net realized loss on investments

     (26,864,421      (8,855,016      (8,392,369      (987,981

Net unrealized appreciation on investments

     50,884,086        649,598        108,913,814        12,594,557  

NET ASSETS

   $ 588,999,204      $ 101,060,170      $ 579,231,508      $ 69,946,299  

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

     16,500,000        2,950,000        6,500,000        2,250,000  

Net asset value per share

   $ 35.70      $ 34.26      $ 89.11      $ 31.09  

1 Includes market value of securities out on loan of:

   $ 68,673,262      $ 7,723,551      $ 4,376,439      $ 523,001  
  

 

 

    

 

 

    

 

 

    

 

 

 

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

 

 

See Notes to Financial Statements.

 

114   WisdomTree Domestic Equity Funds


Table of Contents

Statements of Operations

WisdomTree Domestic Equity Funds

For the Year Ended March 31, 2018

 

  

 

 

      WisdomTree
U.S. Dividend ex-
Financials Fund
     WisdomTree
U.S. Earnings
500 Fund
     WisdomTree
U.S. High
Dividend Fund
     WisdomTree
U.S. LargeCap
Dividend Fund
     WisdomTree
U.S. MidCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 31,290,021      $ 3,173,888      $ 42,761,965      $ 55,646,381      $ 77,757,967  

Dividends from affiliates (Note 3)

     87,271        15,936        125,565        137,109        161,342  

Securities lending income (Note 2)

     88,353        5,020        121,828        40,698        1,099,644  

Total investment income

     31,465,645        3,194,844        43,009,358        55,824,188        79,018,953  

EXPENSES:

              

Advisory fees (Note 3)

     3,320,076        428,271        4,602,234        5,540,671        11,335,796  

Service fees (Note 2)

     38,443        6,731        53,290        87,068        131,257  

Legal fees (Note 2)

                   784               2,579  

Total expenses

     3,358,519        435,002        4,656,308        5,627,739        11,469,632  

Expense waivers (Note 3)

     (7,479      (290      (10,032      (7,397      (12,950

Net expenses

     3,351,040        434,712        4,646,276        5,620,342        11,456,682  

Net investment income

     28,114,605        2,760,132        38,363,082        50,203,846        67,562,271  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     47,934,898        4,906,978        27,235,775        51,142,229        14,712,475  

Investment transactions in affiliates (Note 3)

     26,152        (4,626      17,141        (4,074      313,867  

In-kind redemptions

     20,128,893        671,581        70,691,535        54,919,366        136,575,890  

Net realized gain

     68,089,943        5,573,933        97,944,451        106,057,521        151,602,232  

Net increase (decrease) in unrealized appreciation/depreciation

     (45,889,978      8,714,316        (97,797,886      22,735,417        (11,367,758

Net realized and unrealized gain on investments

     22,199,965        14,288,249        146,565        128,792,938        140,234,474  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 50,314,570      $ 17,048,381      $ 38,509,647      $ 178,996,784      $ 207,796,745  

1 Net of foreign withholding tax of:

                               $ 1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      115  


Table of Contents

Statements of Operations (continued)

WisdomTree Domestic Equity Funds

For the Year or Period Ended March 31, 2018

 

  

 

 

      WisdomTree
U.S. MidCap
Earnings Fund
     WisdomTree
U.S.  Multifactor
Fund1
     WisdomTree
U.S. Quality
Dividend
Growth Fund
     WisdomTree
U.S. Quality
Shareholder
Yield Fund
     WisdomTree
U.S. SmallCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends2

   $ 14,193,214      $ 47,549      $ 39,254,940      $ 833,188      $ 62,812,024  

Dividends from affiliates (Note 3)

     66,712                      2,263        352,211  

Interest

     220                      7        902  

Non-cash dividends

                                 190,987  

Securities lending income (Note 2)

     544,068        477        54,426        7,960        2,494,405  

Total investment income

     14,804,214        48,026        39,309,366        843,418        65,850,529  

EXPENSES:

              

Advisory fees (Note 3)

     3,442,012        6,917        4,844,182        172,166        7,558,121  

Service fees (Note 2)

     39,855        109        76,122        1,992        87,515  

Total expenses

     3,481,867        7,026        4,920,304        174,158        7,645,636  

Expense waivers (Note 3)

     (6,326                    (461      (26,919

Net expenses

     3,475,541        7,026        4,920,304        173,697        7,618,717  

Net investment income

     11,328,673        41,000        34,389,062        669,721        58,231,812  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     37,792,314        (71,363      19,865,983        6,829,954        38,767,819  

Investment transactions in affiliates (Note 3)

     175,267                      17,903        655,435  

In-kind redemptions

     41,582,767        283,291        115,597,623        1,489,716        126,889,262  

Net realized gain

     79,550,348        211,928        135,463,606        8,337,573        166,312,516  

Net increase (decrease) in unrealized appreciation/depreciation

     (2,203,034      76,888        59,521,255        (2,235,918      (128,397,813

Net realized and unrealized gain on investments

     77,347,314        288,816        194,984,861        6,101,655        37,914,703  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 88,675,987      $ 329,816      $ 229,373,923      $ 6,771,376      $ 96,146,515  

1 For the period June 29, 2017 (commencement of operations) through March 31, 2018.

  

2 Net of foreign withholding tax of:

   $ 5,994                    $ 71         
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

See Notes to Financial Statements.

 

116   WisdomTree Domestic Equity Funds


Table of Contents

Statements of Operations (concluded)

WisdomTree Domestic Equity Funds

For the Year Ended March 31, 2018

 

  

 

 

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

INVESTMENT INCOME:

           

Dividends1

   $ 6,742,277      $ 2,575,405      $ 17,076,486      $ 1,351,658  

Dividends from affiliates (Note 3)

     22,415               16,754         

Interest

            88               2  

Securities lending income (Note 2)

     938,510        112,821        45,819        8,903  

Total investment income

     7,703,202        2,688,314        17,139,059        1,360,563  

EXPENSES:

           

Advisory fees (Note 3)

     1,995,482        389,262        1,684,933        187,053  

Service fees (Note 2)

     23,106        4,507        26,477        2,939  

Legal fees (Note 2)

                   324         

Total expenses

     2,018,588        393,769        1,711,734        189,992  

Expense waivers (Note 3)

     (3,669             (1,350       

Net expenses

     2,014,919        393,769        1,710,384        189,992  

Net investment income

     5,688,283        2,294,545        15,428,675        1,170,571  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

           

Net realized gain (loss) from:

           

Investment transactions

     15,595,354        (3,769,594      15,048,001        3,663,032  

Investment transactions in affiliates (Note 3)

     169,312               106,125         

In-kind redemptions

     29,317,764        10,413,423        24,186,078        1,609,768  

Net realized gain

     45,082,430        6,643,829        39,340,204        5,272,800  

Net increase (decrease) in unrealized appreciation/depreciation

     7,485,991        (2,756,291      (4,054,877      1,491,776  

Net realized and unrealized gain on investments

     52,568,421        3,887,538        35,285,327        6,764,576  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 58,256,704      $ 6,182,083      $ 50,714,002      $ 7,935,147  

1 Net of foreign withholding tax of:

   $ 898                    $ 113  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      117  


Table of Contents

Statements of Changes in Net Assets

WisdomTree Domestic Equity Funds

 

 

  

 

 

     WisdomTree
U.S. Dividend ex-Financials Fund
    WisdomTree
U.S. Earnings 500 Fund
    WisdomTree
U.S. High Dividend Fund
 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 28,114,605     $ 30,053,659     $ 2,760,132     $ 2,335,052     $ 38,363,082     $ 39,012,772  

Net realized gain on investments

    68,089,943       65,773,468       5,573,933       5,280,772       97,944,451       74,229,435  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    (45,889,978     21,000,511       8,714,316       13,715,835       (97,797,886     22,022,849  

Net increase in net assets resulting from operations

    50,314,570       116,827,638       17,048,381       21,331,659       38,509,647       135,265,056  

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (28,141,027     (31,847,340     (2,586,608     (2,481,560     (38,366,808     (42,845,450

Return of capital

          (595,266                        

Total dividends and distributions

    (28,141,027     (32,442,606     (2,586,608     (2,481,560     (38,366,808     (42,845,450

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

          19,149,617       41,622,216       3,956,554       107,537,497       328,739,201  

Cost of shares redeemed

    (115,015,958     (116,375,234     (1,525,680     (10,963,876     (335,753,622     (183,152,735

Net increase (decrease) in net assets resulting from capital share transactions

    (115,015,958     (97,225,617     40,096,536       (7,007,322     (228,216,125     145,586,466  

Net Increase (Decrease) in Net Assets

    (92,842,415     (12,840,585     54,558,309       11,842,777       (228,073,286     238,006,072  

NET ASSETS:

           

Beginning of year

  $ 903,352,121     $ 916,192,706     $ 130,254,439     $ 118,411,662     $ 1,263,368,467     $ 1,025,362,395  

End of year

  $ 810,509,706     $ 903,352,121     $ 184,812,748     $ 130,254,439     $ 1,035,295,181     $ 1,263,368,467  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

  $     $ (5   $ 171,084     $ (2,782   $ (1,168   $ (21,277

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    10,950,000       12,150,000       4,800,000 1      5,100,000 1      18,450,000       16,200,000  

Shares created

          250,000       1,350,000 1      150,000 1      1,500,000       5,000,000  

Shares redeemed

    (1,350,000     (1,450,000     (50,000 )1      (450,000 )1      (4,750,000     (2,750,000

Shares outstanding, end of year

    9,600,000       10,950,000       6,100,000 1      4,800,000 1      15,200,000       18,450,000  
1 

Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

See Notes to Financial Statements.

 

118   WisdomTree Domestic Equity Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Domestic Equity Funds

 

 

  

 

 

     WisdomTree
U.S. LargeCap Dividend Fund
    WisdomTree
U.S. MidCap Dividend Fund
    WisdomTree
U.S. MidCap Earnings Fund
 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 50,203,846     $ 49,585,997     $ 67,562,271     $ 55,037,084     $ 11,328,673     $ 10,894,486  

Net realized gain on investments

    106,057,521       101,999,534       151,602,232       160,953,022       79,550,348       48,567,285  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    22,735,417       125,612,519       (11,367,758     110,770,287       (2,203,034     65,963,286  

Net increase in net assets resulting from operations

    178,996,784       277,198,050       207,796,745       326,760,393       88,675,987       125,425,057  

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

    (49,979,017     (52,615,941     (66,312,628     (61,113,780     (10,100,147     (11,824,696

Return of capital

                                  (741,270

Total dividends and distributions

    (49,979,017     (52,615,941     (66,312,628     (61,113,780     (10,100,147     (12,565,966

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    65,734,319       388,403,400       517,345,920       1,413,552,032       265,962,766       186,064,822  

Cost of shares redeemed

    (201,532,333     (397,912,672     (416,912,058     (466,123,762     (104,207,220     (167,035,821

Payments by sub-advisor (Note 3)

                            621        

Net increase (decrease) in net assets resulting from capital share transactions

    (135,798,014     (9,509,272     100,433,862       947,428,270       161,756,167       19,029,001  

Net Increase (Decrease) in Net Assets

    (6,780,247     215,072,837       241,917,979       1,213,074,883       240,332,007       131,888,092  

NET ASSETS:

           

Beginning of year

  $ 1,940,331,922     $ 1,725,259,085     $ 2,822,559,060     $ 1,609,484,177     $ 794,832,423     $ 662,944,331  

End of year

  $ 1,933,551,675     $ 1,940,331,922     $ 3,064,477,039     $ 2,822,559,060     $ 1,035,164,430     $ 794,832,423  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

  $ 224,829     $     $ 1,247,018     $ (6,379   $ 1,228,287     $ (7,750

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    23,400,000       23,500,000       86,850,000 1      56,100,000 1      22,550,000       22,050,000 2 

Shares created

    750,000       5,000,000       15,200,000 1      45,450,000 1      6,900,000       5,400,000 2 

Shares redeemed

    (2,300,000     (5,100,000     (12,200,000 )1      (14,700,000 )1      (2,650,000     (4,900,000 )2 

Shares outstanding, end of year

    21,850,000       23,400,000       89,850,000 1      86,850,000 1      26,800,000       22,550,000 2 
1 

Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

2 

Shares were adjusted to reflect a 3:1 stock split effective February 6, 2017.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      119  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Domestic Equity Funds

 

 

  

 

 

      WisdomTree
U.S. Multifactor Fund
     WisdomTree
U.S. Quality Dividend Growth Fund
     WisdomTree
U.S. Quality Shareholder Yield Fund
 
      For the Period
June 29, 2017*
through
March 31, 2018
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

           

Net investment income

   $ 41,000      $ 34,389,062      $ 18,908,084      $ 669,721      $ 2,356,573  

Net realized gain on investments

     211,928        135,463,606        10,777,287        8,337,573        20,364,475  

Net increase (decrease) in unrealized appreciation/depreciation on investments

     76,888        59,521,255        113,184,310        (2,235,918      (927,870

Net increase in net assets resulting from operations

     329,816        229,373,923        142,869,681        6,771,376        21,793,178  

DIVIDENDS:

              

Net investment income

     (35,735      (34,344,320      (19,234,813      (642,537      (2,540,819

CAPITAL SHARE TRANSACTIONS:

              

Net proceeds from sale of shares

     8,103,820        1,022,866,864        700,242,109               190,017,019  

Cost of shares redeemed

     (2,815,624      (444,009,619      (128,810,462      (21,380,227      (287,613,103

Payments by sub-advisor (Note 3)

            1,034                       

Net increase (decrease) in net assets resulting from capital share transactions

     5,288,196        578,858,279        571,431,647        (21,380,227      (97,596,084

Net Increase (Decrease) in Net Assets

     5,582,277        773,887,882        695,066,515        (15,251,388      (78,343,725

NET ASSETS:

              

Beginning of period

   $ 100      $ 1,290,417,438      $ 595,350,923      $ 59,717,858      $ 138,061,583  

End of period

   $ 5,582,377      $ 2,064,305,320      $ 1,290,417,438      $ 44,466,470      $ 59,717,858  

Undistributed net investment income included in net assets at end of period

   $ 5,315      $ 480,177      $ 435,435      $ 27,184      $  

SHARES CREATED AND REDEEMED:

              

Shares outstanding, beginning of period

     4        36,400,000        19,050,000        850,000        2,200,000  

Shares created

     300,000        25,950,000        21,200,000               2,850,000  

Shares redeemed

     (100,004      (11,150,000      (3,850,000      (300,000      (4,200,000

Shares outstanding, end of period

     200,000        51,200,000        36,400,000        550,000        850,000  
* Commencement of operations.

 

See Notes to Financial Statements.

 

120   WisdomTree Domestic Equity Funds


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Domestic Equity Funds

 

 

  

 

 

     WisdomTree
U.S. SmallCap Dividend Fund
    WisdomTree
U.S. SmallCap Earnings Fund
    WisdomTree
U.S. SmallCap Quality Dividend
Growth Fund
 
     For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

         

Net investment income

  $ 58,231,812     $ 45,077,236     $ 5,688,283     $ 4,393,122     $ 2,294,545     $ 1,517,383  

Net realized gain on investments

    166,312,516       170,534,981       45,082,430       49,135,056       6,643,829       5,885,590  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    (128,397,813     77,624,833       7,485,991       42,224,065       (2,756,291     2,158,894  

Net increase in net assets resulting from operations

    96,146,515       293,237,050       58,256,704       95,752,243       6,182,083       9,561,867  

DIVIDENDS:

           

Net investment income

    (57,037,610     (53,414,249     (5,289,781     (5,286,342     (2,305,555     (1,556,351

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    319,890,735       1,114,624,891       114,044,143       144,725,986       38,327,495       88,367,814  

Cost of shares redeemed

    (369,197,048     (595,631,774     (68,383,642     (114,787,001     (43,641,576     (29,083,798

Payments by sub-advisor (Note 3)

    1,245             2,213                    

Net increase (decrease) in net assets resulting from capital share transactions

    (49,305,068     518,993,117       45,662,714       29,938,985       (5,314,081     59,284,016  

Net Increase (Decrease) in Net Assets

    (10,196,163     758,815,918       98,629,637       120,404,886       (1,437,553     67,289,532  

NET ASSETS:

           

Beginning of year

  $ 1,975,473,481     $ 1,216,657,563     $ 490,369,567     $ 369,964,681     $ 102,497,723     $ 35,208,191  

End of year

  $ 1,965,277,318     $ 1,975,473,481     $ 588,999,204     $ 490,369,567     $ 101,060,170     $ 102,497,723  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

  $ 1,179,069     $ (29,812   $ 377,733     $ (22,507   $ 36,508     $ 46,675  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    73,500,000 1      53,100,000 1      15,250,000       14,400,000 2      3,100,000       1,250,000  

Shares created

    11,300,000 1      42,150,000 1      3,200,000       4,450,000 2      1,100,000       2,700,000  

Shares redeemed

    (13,150,000 )1      (21,750,000 )1      (1,950,000     (3,600,000 )2      (1,250,000     (850,000

Shares outstanding, end of year

    71,650,000 1      73,500,000 1      16,500,000       15,250,000 2      2,950,000       3,100,000  
1 

Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

2 

Shares were adjusted to reflect a 3:1 stock split effective February 6, 2017.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      121  


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Domestic Equity Funds

 

 

  

 

 

      WisdomTree
U.S. Total Dividend Fund
     WisdomTree
U.S. Total Earnings Fund
 
      For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2017
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

        

Net investment income

   $ 15,428,675      $ 13,864,673      $ 1,170,571      $ 1,131,149  

Net realized gain on investments

     39,340,204        14,850,082        5,272,800        990,323  

Net increase (decrease) in unrealized appreciation/depreciation on investments

     (4,054,877      51,624,180        1,491,776        8,735,404  

Net increase in net assets resulting from operations

     50,714,002        80,338,935        7,935,147        10,856,876  

DIVIDENDS AND DISTRIBUTIONS:

           

Net investment income

     (15,363,975      (15,055,118      (1,103,114      (1,209,582

Return of capital

                          (13,120

Total dividends and distributions

     (15,363,975      (15,055,118      (1,103,114      (1,222,702

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

     30,667,395        40,010,132        4,955,325         

Cost of shares redeemed

     (58,290,258      (27,498,605      (4,595,880      (4,083,329

Payments by sub-advisor (Note 3)

     662                       

Net increase (decrease) in net assets resulting from capital share transactions

     (27,622,201      12,511,527        359,445        (4,083,329

Net Increase in Net Assets

     7,727,826        77,795,344        7,191,478        5,550,845  

NET ASSETS:

           

Beginning of year

   $ 571,503,682      $ 493,708,338      $ 62,754,821      $ 57,203,976  

End of year

   $ 579,231,508      $ 571,503,682      $ 69,946,299      $ 62,754,821  

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

   $ 60,597      $ (14,836    $ 66,563      $ (1,156

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

     6,800,000        6,650,000        2,250,000 1       2,400,000 1 

Shares created

     350,000        500,000        150,000 1       1 

Shares redeemed

     (650,000      (350,000      (150,000 )1       (150,000 )1 

Shares outstanding, end of year

     6,500,000        6,800,000        2,250,000 1       2,250,000 1 
1 

Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

See Notes to Financial Statements.

 

122   WisdomTree Domestic Equity Funds


Table of Contents

Financial Highlights

WisdomTree Domestic Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Dividend ex-Financials Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
 

Net asset value, beginning of year

  $ 82.50     $ 75.41     $ 75.82     $ 70.27     $ 62.03  

Investment operations:

 

Net investment income1

    2.73       2.52       2.46       2.47       2.00  

Net realized and unrealized gain (loss)

    1.96       7.31       (0.38     5.38       8.22  

Total from investment operations

    4.69       9.83       2.08       7.85       10.22  

Dividends and distributions to shareholders:

 

Net investment income

    (2.76     (2.69     (2.49     (2.30     (1.98

Return of capital

          (0.05                  

Total dividends and distributions to shareholders

    (2.76     (2.74     (2.49     (2.30     (1.98

Net asset value, end of year

  $ 84.43     $ 82.50     $ 75.41     $ 75.82     $ 70.27  

TOTAL RETURN2

    5.71     13.27     2.96     11.27     16.75

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 810,510     $ 903,352     $ 916,193     $ 1,250,987     $ 1,127,812  

Ratios to average net assets3 of:

 

Expenses4

    0.38     0.38     0.38     0.39 %5      0.38

Net investment income

    3.22     3.21     3.39     3.34     3.06

Portfolio turnover rate6

    34     33     32     32     35

 

           
WisdomTree U.S. Earnings 500 Fund   For the
Year Ended
March 31, 20187
    For the
Year Ended
March 31, 20177
    For the
Year Ended
March 31, 20167
    For the
Year Ended
March 31, 20157
    For the
Year Ended
March 31, 20147
 

Net asset value, beginning of year

  $ 27.14     $ 23.22     $ 23.83     $ 21.80     $ 18.15  

Investment operations:

 

Net investment income1

    0.53       0.48       0.49       0.45       0.38  

Net realized and unrealized gain (loss)

    3.11       3.95       (0.60     2.00       3.63  

Total from investment operations

    3.64       4.43       (0.11     2.45       4.01  

Dividends to shareholders:

 

Net investment income

    (0.48     (0.51     (0.50     (0.42     (0.36

Net asset value, end of year

  $ 30.30     $ 27.14     $ 23.22     $ 23.83     $ 21.80  

TOTAL RETURN2

    13.49     19.31     (0.45 )%      11.28     22.24

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 184,813     $ 130,254     $ 118,412     $ 139,386     $ 101,351  

Ratios to average net assets3 of:

 

Expenses

    0.28 %4      0.28     0.28 %4      0.29 %4,5      0.28

Net investment income

    1.80     1.94     2.11     1.93     1.89

Portfolio turnover rate6

    17     19     18     16     15
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38% and 0.28%, for WisdomTree U.S. Dividend ex-Financials Fund and WisdomTree U.S. Earnings 500 Fund, respectively.

 

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.

 

7 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      123  


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. High Dividend Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
 

Net asset value, beginning of year

  $ 68.48     $ 63.29     $ 60.74     $ 56.57     $ 51.17  

Investment operations:

 

Net investment income1

    2.21       2.10       2.10       1.95       1.77  

Net realized and unrealized gain (loss)

    (0.34     5.39       2.50       4.03       5.37  

Total from investment operations

    1.87       7.49       4.60       5.98       7.14  

Dividends to shareholders:

 

Net investment income

    (2.24     (2.30     (2.05     (1.81     (1.74

Net asset value, end of year

  $ 68.11     $ 68.48     $ 63.29     $ 60.74     $ 56.57  

TOTAL RETURN2

    2.69     12.02     7.88     10.64     14.24

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 1,035,295     $ 1,263,368     $ 1,025,362     $ 1,059,849     $ 797,595  

Ratios to average net assets3 of:

 

Expenses4

    0.38 %5      0.38 %5      0.38 %5      0.39 %6      0.38

Net investment income

    3.17     3.17     3.53     3.25     3.31

Portfolio turnover rate7

    17     23     20     27     30

 

           
WisdomTree U.S. LargeCap Dividend Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
 

Net asset value, beginning of year

  $ 82.92     $ 73.42     $ 73.27     $ 67.60     $ 58.94  

Investment operations:

 

Net investment income1

    2.22       2.04       2.01       1.86       1.65  

Net realized and unrealized gain

    5.57       9.63       0.13       5.59       8.64  

Total from investment operations

    7.79       11.67       2.14       7.45       10.29  

Dividends to shareholders:

 

Net investment income

    (2.22     (2.17     (1.99     (1.78     (1.63

Net asset value, end of year

  $ 88.49     $ 82.92     $ 73.42     $ 73.27     $ 67.60  

TOTAL RETURN2

    9.44     16.13     3.04     11.08     17.70

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 1,933,552     $ 1,940,332     $ 1,725,259     $ 2,106,618     $ 1,821,886  

Ratios to average net assets3 of:

 

Expenses

    0.28 %4      0.28 %4      0.28 %4      0.29 %4,8      0.28

Net investment income

    2.54     2.63     2.81     2.59     2.62

Portfolio turnover rate7

    10     11     11     12     11
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

6 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%.

 

7 

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.

 

8 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

See Notes to Financial Statements.

 

124   WisdomTree Domestic Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. MidCap Dividend Fund   For the
Year Ended
March 31, 20181
    For the
Year Ended
March 31, 20171
    For the
Year Ended
March 31, 20161
    For the
Year Ended
March 31, 20151
    For the
Year Ended
March 31, 20141
 

Net asset value, beginning of year

  $ 32.50     $ 28.69     $ 28.68     $ 25.66     $ 21.72  

Investment operations:

 

Net investment income2

    0.76       0.78       0.71       0.72       0.61  

Net realized and unrealized gain

    1.59       3.89       0.08       2.95       3.93  

Total from investment operations

    2.35       4.67       0.79       3.67       4.54  

Dividends and distributions to shareholders:

 

Net investment income

    (0.74     (0.86     (0.68     (0.65     (0.60

Capital gains

                (0.10            

Total dividends and distributions to shareholders

    (0.74     (0.86     (0.78     (0.65     (0.60

Net asset value, end of year

  $ 34.11     $ 32.50     $ 28.69     $ 28.68     $ 25.66  

TOTAL RETURN3

    7.30     16.52     2.98     14.46     21.24

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 3,064,477     $ 2,822,559     $ 1,609,484     $ 1,595,896     $ 993,148  

Ratios to average net assets4 of:

 

Expenses5

    0.38 %6      0.38 %6      0.38     0.39 %7      0.38

Net investment income

    2.26     2.56     2.60     2.65     2.58

Portfolio turnover rate8

    27     33     32     30     32

 

           
WisdomTree U.S. MidCap Earnings Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 20179
    For the
Year Ended
March 31, 20169
    For the
Year Ended
March 31, 20159
    For the
Year Ended
March 31, 20149
 

Net asset value, beginning of year

  $ 35.25     $ 30.07     $ 32.14     $ 29.58     $ 23.52  

Investment operations:

 

Net investment income2

    0.47       0.50       0.40       0.42       0.33  

Net realized and unrealized gain (loss)

    3.32       5.25       (2.10     2.52       6.04  

Total from investment operations

    3.79       5.75       (1.70     2.94       6.37  

Dividends and distributions to shareholders:

 

Net investment income

    (0.41     (0.54     (0.37     (0.38     (0.31

Return of capital

          (0.03                  

Total dividends and distributions to shareholders

    (0.41     (0.57     (0.37     (0.38     (0.31

Net asset value, end of year

  $ 38.63     $ 35.25     $ 30.07     $ 32.14     $ 29.58  

TOTAL RETURN3

    10.77 %10      19.31     (5.29 )%      9.99     27.26

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 1,035,164     $ 794,832     $ 662,944     $ 737,532     $ 514,682  

Ratios to average net assets4 of:

 

Expenses5

    0.38     0.38     0.38     0.39 %11      0.38

Net investment income

    1.25     1.54     1.32     1.37     1.24

Portfolio turnover rate8

    45     42     40     36     41
1 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%.

 

8 

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.

 

9 

Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017.

 

10 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

11 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Equity Funds      125  


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Multifactor Fund    For the Period
June 29, 2017*
through
March 31, 2018
 

Net asset value, beginning of period

   $ 24.75  

Investment operations:

 

Net investment income1

     0.34  

Net realized and unrealized gain

     3.09  

Total from investment operations

     3.43  

Dividends to shareholders:

 

Net investment income

     (0.27

Net asset value, end of period

   $ 27.91  

TOTAL RETURN2

     13.90

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

   $ 5,582  

Ratios to average net assets of:

 

Expenses

     0.28 %3 

Net investment income

     1.66 %3 

Portfolio turnover rate4

     143

 

           
WisdomTree U.S. Quality Dividend Growth Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the Period
May 22, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

  $ 35.45     $ 31.25     $ 31.23     $ 27.95     $ 24.86  

Investment operations:

 

Net investment income1

    0.78       0.73       0.70       0.66       0.48  

Net realized and unrealized gain (loss)

    4.84       4.20       (0.02     3.21       3.02  

Total from investment operations

    5.62       4.93       0.68       3.87       3.50  

Dividends and distributions to shareholders:

 

Net investment income

    (0.75     (0.73     (0.66     (0.59     (0.41

Capital gains

                      (0.00 )5      (0.00 )5 

Total dividends and distributions to shareholders

    (0.75     (0.73     (0.66     (0.59     (0.41

Net asset value, end of period

  $ 40.32     $ 35.45     $ 31.25     $ 31.23     $ 27.95  

TOTAL RETURN2

    15.95 %6      15.99     2.25     13.94     14.19

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 2,064,305     $ 1,290,417     $ 595,351     $ 448,158     $ 104,802  

Ratios to average net assets of:

 

Expenses

    0.28     0.28     0.28     0.29 %7      0.28 %3 

Net investment income

    1.99     2.22     2.30     2.19     2.11 %3 

Portfolio turnover rate4

    29     29     32     35     31
* 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.

 

5 

Amount represents less than $0.005.

 

6 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

See Notes to Financial Statements.

 

126   WisdomTree Domestic Equity Funds


Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Quality Shareholder Yield Fund   For the
Year Ended
March 31, 20181
    For the
Year Ended
March 31, 20171
    For the
Year Ended
March 31, 20161
    For the
Year Ended
March 31, 20151
    For the
Year Ended
March 31, 20141
 

Net asset value, beginning of year

  $ 70.26     $ 62.76     $ 66.28     $ 58.57     $ 48.86  

Investment operations:

 

Net investment income2

    1.14       0.92       1.06       0.88       0.61  

Net realized and unrealized gain (loss)

    10.59       7.55       (3.70     7.71       9.70  

Total from investment operations

    11.73       8.47       (2.64     8.59       10.31  

Dividends to shareholders:

 

Net investment income

    (1.14     (0.97     (0.88     (0.88     (0.60

Net asset value, end of year

  $ 80.85     $ 70.26     $ 62.76     $ 66.28     $ 58.57  

TOTAL RETURN3

    16.77     13.61     (4.00 )%      14.73     21.20

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 44,466     $ 59,718     $ 138,062     $ 26,511     $ 26,357  

Ratios to average net assets4 of:

 

Expenses

    0.38 %5      0.38     0.38 %5      0.39 %5,6      0.38

Net investment income

    1.48     1.42     1.68     1.42     1.14

Portfolio turnover rate7

    82     106     85     63     67

 

           
WisdomTree U.S. SmallCap Dividend Fund   For the
Year Ended
March 31, 20188
    For the
Year Ended
March 31, 20178
    For the
Year Ended
March 31, 20168
    For the
Year Ended
March 31, 20158
    For the
Year Ended
March 31, 20148
 

Net asset value, beginning of year

  $ 26.88     $ 22.91     $ 23.99     $ 22.78     $ 19.02  

Investment operations:

 

Net investment income2

    0.81       0.70       0.69       0.66       0.62  

Net realized and unrealized gain (loss)

    0.53       4.09       (1.13     1.20       3.70  

Total from investment operations

    1.34       4.79       (0.44     1.86       4.32  

Dividends to shareholders:

 

Net investment income

    (0.79     (0.82     (0.64     (0.65     (0.56

Net asset value, end of year

  $ 27.43     $ 26.88     $ 22.91     $ 23.99     $ 22.78  

TOTAL RETURN3

    5.02 %9      21.21     (1.69 )%      8.33     22.99

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 1,965,277     $ 1,975,473     $ 1,216,658     $ 1,248,932     $ 1,062,525  

Ratios to average net assets4 of:

 

Expenses5

    0.38     0.38     0.38     0.39 %6      0.38

Net investment income

    2.93     2.75     3.10     2.86     2.93

Portfolio turnover rate7

    36     44     33     33     42
1 

The information reflects the investment objective and strategy of the WisdomTree U.S. LargeCap Value Fund through December 17, 2017 and the investment objective and strategy of the WisdomTree U.S. Quality Shareholder Yield Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

7 

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.

 

8 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

9 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

 

See Notes to Financial Statements.

 

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Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. SmallCap Earnings Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 20171
    For the
Year Ended
March 31, 20161
    For the
Year Ended
March 31, 20151
    For the
Year Ended
March 31, 20141
 

Net asset value, beginning of year

  $ 32.16     $ 25.69     $ 28.14     $ 27.13     $ 21.13  

Investment operations:

 

Net investment income2

    0.37       0.31       0.34       0.33       0.24  

Net realized and unrealized gain (loss)

    3.51       6.53       (2.48     0.99       5.99  

Total from investment operations

    3.88       6.84       (2.14     1.32       6.23  

Dividends to shareholders:

 

Net investment income

    (0.34     (0.37     (0.31     (0.31     (0.23

Net asset value, end of year

  $ 35.70     $ 32.16     $ 25.69     $ 28.14     $ 27.13  

TOTAL RETURN3

    12.09 %4      26.75     (7.60 )%      4.89     29.55

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 588,999     $ 490,370     $ 369,965     $ 422,121     $ 439,571  

Ratios to average net assets5 of:

 

Expenses

    0.38 %6      0.38 %6      0.38 %6      0.39 %6,7      0.38

Net investment income

    1.08     1.06     1.31     1.24     0.98

Portfolio turnover rate8

    48     51     43     43     61

 

           
WisdomTree U.S. SmallCap Quality Dividend
Growth Fund
  For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the Period
July 25, 2013*
through
March 31, 2014
 

Net asset value, beginning of period

  $ 33.06     $ 28.17     $ 30.12     $ 28.43     $ 25.02  

Investment operations:

 

Net investment income2

    0.76       0.74       0.67       0.65       0.34  

Net realized and unrealized gain (loss)

    1.21       4.87       (2.02     1.69       3.32  

Total from investment operations

    1.97       5.61       (1.35     2.34       3.66  

Dividends and distributions to shareholders:

 

Net investment income

    (0.77     (0.72     (0.60     (0.65     (0.25

Capital gains

                      (0.00 )9       

Total dividends and distributions to shareholders

    (0.77     (0.72     (0.60     (0.65     (0.25

Net asset value, end of period

  $ 34.26     $ 33.06     $ 28.17     $ 30.12     $ 28.43  

TOTAL RETURN3

    5.97     20.12     (4.42 )%      8.37     14.66

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of period (000’s omitted)

  $ 101,060     $ 102,498     $ 35,208     $ 22,594     $ 24,163  

Ratios to average net assets of:

 

Expenses

    0.38     0.38     0.38     0.39 %7      0.38 %10 

Net investment income

    2.24     2.35     2.43     2.30     1.82 %10 

Portfolio turnover rate8

    51     56     50     53     71
* Commencement of operations.

 

1 

Per share amounts were adjusted to reflect a 3:1 stock split effective February 6, 2017.

 

2 

Based on average shares outstanding.

 

3 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. SmallCap Earnings Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

4 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

5 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

6 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.38%.

 

8 

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.

 

9 

Amount represents less than $0.005.

 

10 

Annualized.

 

See Notes to Financial Statements.

 

128   WisdomTree Domestic Equity Funds


Table of Contents

Financial Highlights (concluded)

WisdomTree Domestic Equity Funds

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Total Dividend Fund   For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 2016
    For the
Year Ended
March 31, 2015
    For the
Year Ended
March 31, 2014
 

Net asset value, beginning of year

  $ 84.04     $ 74.24     $ 74.25     $ 68.29     $ 59.33  

Investment operations:

 

Net investment income1

    2.27       2.07       2.04       1.91       1.68  

Net realized and unrealized gain (loss)

    5.05       9.97       (0.03     5.86       8.91  

Total from investment operations

    7.32       12.04       2.01       7.77       10.59  

Dividends to shareholders:

 

Net investment income

    (2.25     (2.24     (2.02     (1.81     (1.63

Net asset value, end of year

  $ 89.11     $ 84.04     $ 74.24     $ 74.25     $ 68.29  

TOTAL RETURN2

    8.76 %3      16.47     2.84     11.47     18.10

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 579,232     $ 571,504     $ 493,708     $ 582,862     $ 419,955  

Ratios to average net assets4 of:

 

Expenses

    0.28 %5,6      0.28 %5,6      0.28 %5,6      0.29 %5,7      0.28

Net investment income

    2.56     2.63     2.83     2.64     2.65

Portfolio turnover rate8

    11     12     12     13     12

 

           
WisdomTree U.S. Total Earnings Fund   For the
Year Ended
March 31, 20189
    For the
Year Ended
March 31, 20179
    For the
Year Ended
March 31, 20169
    For the
Year Ended
March 31, 20159
    For the
Year Ended
March 31, 20149
 

Net asset value, beginning of year

  $ 27.89     $ 23.83     $ 24.65     $ 22.60     $ 18.71  

Investment operations:

 

Net investment income1

    0.53       0.48       0.48       0.45       0.37  

Net realized and unrealized gain (loss)

    3.17       4.10       (0.78     2.01       3.89  

Total from investment operations

    3.70       4.58       (0.30     2.46       4.26  

Dividends and distributions to shareholders:

 

Net investment income

    (0.50     (0.51     (0.52     (0.41     (0.37

Return of capital

          (0.01                  

Total dividends and distributions to shareholders

    (0.50     (0.52     (0.52     (0.41     (0.37

Net asset value, end of year

  $ 31.09     $ 27.89     $ 23.83     $ 24.65     $ 22.60  

TOTAL RETURN2

    13.31     19.39     (1.18 )%      10.93     22.89

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 69,946     $ 62,755     $ 57,204     $ 107,209     $ 71,174  

Ratios to average net assets of:

 

Expenses

    0.28     0.28     0.28     0.29 %10      0.28

Net investment income

    1.75     1.87     2.00     1.88     1.81

Portfolio turnover rate8

    22     19     12     16     13
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. Total Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

4 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

5 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

6 

Included in the expense ratio are legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

7 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.28%.

 

8 

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.

 

9 

Per share amounts were adjusted to reflect a 3:1 stock split effective November 10, 2017.

 

10 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

See Notes to Financial Statements.

 

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Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2018, the Trust consisted of 80 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 U.S. Dividend ex-Financials Fund (“U.S. Dividend ex-Financials Fund’’) (formerly, WisdomTree Dividend ex-Financials Fund)

     June 16, 2006  

WisdomTree U.S. Earnings 500 Fund (“U.S. Earnings 500 Fund’’) (formerly, WisdomTree Earnings 500 Fund)

     February 23, 2007  

WisdomTree U.S. High Dividend Fund (“U.S. High Dividend Fund’’) (formerly, WisdomTree High Dividend Fund)

     June 16, 2006  

WisdomTree U.S. LargeCap Dividend Fund (“U.S. LargeCap Dividend Fund’’) (formerly, WisdomTree LargeCap Dividend Fund)

     June 16, 2006  

WisdomTree U.S. MidCap Dividend Fund (“U.S. MidCap Dividend Fund’’) (formerly, WisdomTree MidCap Dividend Fund)

     June 16, 2006  

WisdomTree U.S. MidCap Earnings Fund (“U.S. MidCap Earnings Fund’’) (formerly, WisdomTree MidCap Earnings Fund)

     February 23, 2007  

WisdomTree U.S. Multifactor Fund (“U.S. Multifactor Fund’’)

     June 29, 2017  

WisdomTree U.S. Quality Dividend Growth Fund (“U.S. Quality Dividend Growth Fund’’)

     May 22, 2013  

WisdomTree U.S. Quality Shareholder Yield Fund (“U.S. Quality Shareholder Yield Fund’’) (formerly, WisdomTree U.S. LargeCap Value Fund)

     February 23, 2007  

WisdomTree U.S. SmallCap Dividend Fund (“U.S. SmallCap Dividend Fund’’) (formerly, WisdomTree SmallCap Dividend Fund)

     June 16, 2006  

WisdomTree U.S. SmallCap Earnings Fund (“U.S. SmallCap Earnings Fund’’) (formerly, WisdomTree SmallCap Earnings Fund)

     February 23, 2007  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (“U.S. SmallCap Quality Dividend Growth Fund’’)

     July 25, 2013  

WisdomTree U.S. Total Dividend Fund (“U.S. Total Dividend Fund’’) (formerly, WisdomTree Total Dividend Fund)

     June 16, 2006  

WisdomTree U.S. Total Earnings Fund (“U.S. Total Earnings Fund’’) (formerly, WisdomTree Total Earnings Fund)

     February 23, 2007  

Each Fund, except the WisdomTree U.S. Quality Shareholder Yield Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). Effective December 18, 2017, the WisdomTree U.S. Quality Shareholder Yield Fund is actively managed using a rules-based model approach seeking income and capital appreciation. Prior to December 18, 2017, the WisdomTree U.S. Quality Shareholder Yield Fund was named the WisdomTree U.S. LargeCap Value Fund (formerly, WisdomTree LargeCap Value Fund prior to June 30, 2017) and sought to track the price and yield performance, before fees and expenses, of a particular Index developed by WisdomTree Investments. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions 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

 

130   WisdomTree Domestic Equity Funds


Table of Contents

Notes to Financial Statements (continued)

 

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. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less), if any, 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. 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.

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 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 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

 

WisdomTree Domestic Equity Funds      131  


Table of Contents

Notes to Financial Statements (continued)

 

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.

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 March 31, 2018 in valuing each Fund’s assets:

 

U.S. Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 806,875,723      $      $  

Exchange-Traded Funds

     1,828,217                

Investment of Cash Collateral for Securities Loaned

            1,620,500         

Total

   $ 808,703,940      $ 1,620,500      $  
        
U.S. Earnings 500 Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 184,363,490      $      $  

Exchange-Traded Fund

     204,565                

Investment of Cash Collateral for Securities Loaned

            164,281         

Total

   $ 184,568,055      $ 164,281      $  
        
U.S. High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,029,250,095      $      $  

Exchange-Traded Fund

     3,058,050                

Investment of Cash Collateral for Securities Loaned

            5,724,612         

Total

   $ 1,032,308,145      $ 5,724,612      $  
        
U.S. LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,930,117,114      $      $  

Investment of Cash Collateral for Securities Loaned

            897,917         

Total

   $ 1,930,117,114      $ 897,917      $  
        
U.S. MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 3,054,879,762      $      $  

Exchange-Traded Fund

     1,487,251                

Investment of Cash Collateral for Securities Loaned

            47,791,085         

Total

   $ 3,056,367,013      $ 47,791,085      $  

 

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Table of Contents

Notes to Financial Statements (continued)

 

 

U.S. MidCap Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,030,688,241      $      $  

Exchange-Traded Fund

     2,110,629                

Investment of Cash Collateral for Securities Loaned

            29,485,872         

Total

   $ 1,032,798,870      $ 29,485,872      $  
        
U.S. Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 5,577,932      $      $  

Investment of Cash Collateral for Securities Loaned

            67,574         

Total

   $ 5,577,932      $ 67,574      $  
        
U.S. Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,061,758,171      $      $  

Investment of Cash Collateral for Securities Loaned

            1,751,217         

Total

   $ 2,061,758,171      $ 1,751,217      $  
        
U.S. Quality Shareholder Yield Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 44,390,207      $      $  

Investment of Cash Collateral for Securities Loaned

            395,892         

Total

   $ 44,390,207      $ 395,892      $  
        
U.S. SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,947,320,214      $      $  

Exchange-Traded Fund

     10,549,153                

Investment of Cash Collateral for Securities Loaned

            119,114,409         

Total

   $ 1,957,869,367      $ 119,114,409      $  
        
U.S. SmallCap Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 587,594,530      $      $  

Exchange-Traded Fund

     681,155                

Investment of Cash Collateral for Securities Loaned

            43,382,452         

Total

   $ 588,275,685      $ 43,382,452      $  
        
U.S. SmallCap Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 100,864,146      $      $  

Investment of Cash Collateral for Securities Loaned

            5,972,237         

Total

   $ 100,864,146      $ 5,972,237      $  
        
U.S. Total Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 577,884,895      $      $  

Exchange-Traded Fund

     11,117                

Investment of Cash Collateral for Securities Loaned

            1,550,841         

Total

   $ 577,896,012      $ 1,550,841      $  
        
U.S. Total Earnings Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 69,837,665      $      $  

Investment of Cash Collateral for Securities Loaned

            315,983         

Total

   $ 69,837,665      $ 315,983      $  
  * Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

 

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Notes to Financial Statements (continued)

 

There were no Level 3 securities at or during the fiscal year or period ended March 31, 2018.

The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

There were no transfers into or out of any fair value measurement levels during the fiscal year or period ended March 31, 2018.

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.

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, except for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (‘‘CCO’’); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Under the investment advisory agreement for Funds that commenced operations on or after March 26, 2013, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (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.

During the fiscal year ended March 31, 2018, U.S. High Dividend Fund, U.S. MidCap Dividend Fund and U.S. Total Dividend Fund (the “Affected Funds”) incurred legal expenses (disclosed on the Statements of Operations in “Legal fees”) pertaining to litigation brought against former shareholders of Lyondell Chemical Company (“Lyondell”), such as the Affected Funds. The lawsuit seeks to recover amounts paid to former shareholders of Lyondell as fraudulent transfer in connection with the leveraged buyout of Lyondell by Basell AF S.C.A in December of 2007 after Lyondell filed for bankruptcy in 2008. On September 5, 2017, the bankruptcy judge of the U.S. Bankruptcy Court in New York dismissed the lawsuit with prejudice.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

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

 

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Notes to Financial Statements (continued)

 

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.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to the Lending Agreement or similar arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at March 31, 2018, are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2018, certain of the Funds had securities on loan and the value of the related collateral received by each of those Funds exceeded the value of the securities loaned by each of those Funds. The value of the securities loaned by each Fund is located in the Statements of Assets and Liabilities in “Investments in securities, at value” and also in the footnotes below the Schedules of Investments. In addition, a breakout of the total amount of cash and non-cash securities lending collateral received is located in the footnotes below the Schedules of Investments.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). 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

 

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Notes to Financial Statements (continued)

 

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.

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 BNY Mellon Asset Management North America Corporation (‘‘BNY Mellon AMNA’’) to provide sub-advisory services to the Funds. BNY Mellon AMNA is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

Fund   

Advisory

Fee Rate

 

U.S. Dividend ex-Financials Fund

     0.38

U.S. Earnings 500 Fund

     0.28

U.S. High Dividend Fund

     0.38

U.S. LargeCap Dividend Fund

     0.28

U.S. MidCap Dividend Fund

     0.38

U.S. MidCap Earnings Fund

     0.38

U.S. Multifactor Fund

     0.28

U.S. Quality Dividend Growth Fund

     0.28

U.S. Quality Shareholder Yield Fund

     0.38

U.S. SmallCap Dividend Fund

     0.38

U.S. SmallCap Earnings Fund

     0.38

U.S. SmallCap Quality Dividend Growth Fund

     0.38

U.S. Total Dividend Fund

     0.28

U.S. Total Earnings Fund

     0.28

During the fiscal year ended March 31, 2018, the NAV of the U.S. MidCap Earnings Fund, U.S. Quality Dividend Growth Fund, U.S. SmallCap Dividend Fund, U.S. SmallCap Earnings Fund and the U.S. Total Dividend Fund (the “Impacted Funds”) was understated for a period of one day in December 2017 (the “Error Period”) resulting from an operational error. The Impacted Funds each received a reimbursement from BNY Mellon AMNA of $621, $1,034, $1,245, $2,213 and $662, respectively, for the loss that the Impacted Funds incurred. The dollar amount of the reimbursement is shown in each Impacted Fund’s Statements of Changes in Net Assets in “Payments by sub-advisor”.

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 in “Expense waivers”.

 

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Notes to Financial Statements (continued)

 

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the fiscal year ended March 31, 2018 are as follows:

 

Fund   Value at
3/31/2017
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2018
    Dividend
Income
 

U.S. Dividend ex-Financials Fund

                                                       

U.S. LargeCap Dividend Fund

  $ 576,613     $ 8,838,939     $ 8,494,345     $ 20,270     $ (30,030   $ 911,447     $ 46,336  

U.S. MidCap Dividend Fund

    572,891       8,887,869       8,545,052       5,882       (4,820     916,770       40,935  

Total

  $ 1,149,504     $ 17,726,808     $ 17,039,397     $ 26,152     $ (34,850   $ 1,828,217     $ 87,271  

U.S. Earnings 500 Fund

                                                       

U.S. High Dividend Fund

  $ 196,920     $ 2,148,672     $ 2,135,976     $ (4,626   $ (425   $ 204,565     $ 15,936  

U.S. High Dividend Fund

                                                       

U.S. Total Dividend Fund

  $ 2,766,798     $ 18,010,325     $ 17,838,283     $ 17,141     $ 102,069     $ 3,058,050     $ 125,565  

U.S. LargeCap Dividend Fund

                                                       

U.S. Total Dividend Fund

  $     $ 25,798,365     $ 25,794,291     $ (4,074   $     $     $ 137,109  

U.S. MidCap Dividend Fund

                                                       

U.S. LargeCap Dividend Fund

  $ 106,150     $ 41,242,089     $ 40,090,997     $ 313,867     $ (83,858   $ 1,487,251     $ 161,342  

U.S. MidCap Earnings Fund

                                                       

U.S. MidCap Dividend Fund

  $ 1,613,146     $ 4,663,386     $ 4,365,322     $ 175,267     $ 24,152     $ 2,110,629     $ 66,712  

U.S. Quality Shareholder Yield Fund

                                                       

U.S. Earnings 500 Fund

  $ 145,505     $ 137,754     $ 294,688     $ 13,692     $ (2,263   $     $ 1,762  

U.S. MidCap Earnings Fund

    62,851       58,753       125,366       4,211       (449           501  

Total

  $ 208,356     $ 196,507     $ 420,054     $ 17,903     $ (2,712   $     $ 2,263  

U.S. SmallCap Dividend Fund

                                                       

U.S. MidCap Dividend Fund

  $ 25,730,657     $ 33,217,635     $ 48,495,743     $ 655,435     $ (558,831   $ 10,549,153     $ 352,211  

U.S. SmallCap Earnings Fund

                                                       

U.S. MidCap Earnings Fund

  $ 2,776,454     $ 918,471     $ 3,203,661     $ 169,312     $ 20,579     $ 681,155     $ 22,415  

U.S. Total Dividend Fund

                                                       

U.S. Total Earnings Fund

  $ 47,084     $ 5,404,894     $ 5,548,347     $ 106,125     $ 1,361     $ 11,117     $ 16,754  

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2018, 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

 

U.S. Dividend ex-Financials Fund

     30      $ 2,536      $ 38  

U.S. Earnings 500 Fund

     794        24,114        202  

U.S. High Dividend Fund

     24        1,635        52  

U.S. LargeCap Dividend Fund

     372        32,918        743  

U.S. MidCap Dividend Fund

     330        11,260        197  

U.S. MidCap Earnings Fund

     306        11,836        129  

U.S. Multifactor Fund

     311        8,717        58  

U.S. Quality Dividend Growth Fund

     373        15,054        280  

U.S. SmallCap Dividend Fund

     163        4,466        118  

U.S. SmallCap Earnings Fund

     179        6,396        57  

U.S. Total Dividend Fund

     78        6,952        178  

 

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Table of Contents

Notes to Financial Statements (continued)

 

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2018, 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.

The Board authorized a three-for-one stock split for the U.S. Earnings 500 Fund, U.S. MidCap Dividend Fund, U.S. SmallCap Dividend Fund and U.S. Total Earnings Fund, effective after the close of trading on November 9, 2017, for the shareholders of record on November 7, 2017. The impact of the stock split was to increase the number of shares outstanding by a factor of three, while decreasing the NAV per share by a factor of three, resulting in no effect on the net assets of the Funds. The financial statements for the Funds have been adjusted to reflect the stock split.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the fiscal year or period ended March 31, 2018 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

                      In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

U.S. Dividend ex-Financials Fund

   $ 299,029,710      $ 297,614,736      $      $ 114,759,317  

U.S. Earnings 500 Fund

     26,626,226        26,366,530        41,527,916        1,524,602  

U.S. High Dividend Fund

     206,782,652        206,558,602        107,156,777        333,019,244  

U.S. LargeCap Dividend Fund

     198,214,864        197,762,696        61,347,468        196,981,815  

U.S. MidCap Dividend Fund

     810,852,085        793,012,287        507,476,455        407,379,811  

U.S. MidCap Earnings Fund

     412,388,031        409,174,551        265,669,230        102,921,810  

U.S. Multifactor Fund1

     4,831,966        5,603,575        8,079,410        2,012,385  

U.S. Quality Dividend Growth Fund

     508,230,966        507,009,949        1,015,196,035        437,450,715  

U.S. Quality Shareholder Yield Fund

     37,704,266        37,660,593               21,355,384  

U.S. SmallCap Dividend Fund

     720,403,104        709,604,230        310,462,459        359,672,287  

U.S. SmallCap Earnings Fund

     256,282,748        254,944,308        113,829,093        67,065,424  

U.S. SmallCap Quality Dividend Growth Fund

     52,065,902        52,034,169        38,191,944        43,530,067  

U.S. Total Dividend Fund

     66,693,953        66,110,747        30,591,190        58,198,734  

U.S. Total Earnings Fund

     14,441,225        14,357,268        4,943,577        4,583,841  

 

  1 

For the period June 29, 2017 (commencement of operations) through March 31, 2018.

6. FEDERAL INCOME TAXES

At March 31, 2018, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation/
(Depreciation)
 

U.S. Dividend ex-Financials Fund

   $ 771,247,093      $ 92,739,285      $ (53,661,938    $ 39,077,347  

U.S. Earnings 500 Fund

     152,336,649        36,714,400        (4,318,713      32,395,687  

U.S. High Dividend Fund

     1,044,358,202        77,853,854        (84,179,299      (6,325,445

U.S. LargeCap Dividend Fund

     1,662,325,947        348,501,980        (79,812,896      268,689,084  

U.S. MidCap Dividend Fund

     2,880,349,596        357,758,690        (133,950,188      223,808,502  

U.S. MidCap Earnings Fund

     976,201,450        122,142,235        (36,058,943      86,083,292  

U.S. Multifactor Fund

     5,581,190        174,669        (110,353      64,316  

U.S. Quality Dividend Growth Fund

     1,876,683,986        240,634,432        (53,809,030      186,825,402  

 

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Notes to Financial Statements (continued)

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation/
(Depreciation)
 

U.S. Quality Shareholder Yield Fund

   $ 43,978,133      $ 2,744,770      $ (1,936,804    $ 807,966  

U.S. SmallCap Dividend Fund

     2,094,814,354        172,831,264        (190,661,842      (17,830,578

U.S. SmallCap Earnings Fund

     582,790,254        81,638,370        (32,770,487      48,867,883  

U.S. SmallCap Quality Dividend Growth Fund

     107,276,446        6,608,743        (7,048,806      (440,063

U.S. Total Dividend Fund

     472,961,997        126,123,749        (19,638,893      106,484,856  

U.S. Total Earnings Fund

     57,612,586        14,740,709        (2,199,647      12,541,062  

At March 31, 2018, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

U.S. Dividend ex-Financials Fund

   $      $ (1,318,159    $ 39,077,347      $ 37,759,188  

U.S. Earnings 500 Fund

     173,524        (4,536,572      32,395,687        28,032,639  

U.S. High Dividend Fund

            (17,516,442      (6,325,445      (23,841,887

U.S. LargeCap Dividend Fund

     224,829        (23,138,077      268,689,084        245,775,836  

U.S. MidCap Dividend Fund

     1,249,643        (22,267,008      223,808,502        202,791,137  

U.S. MidCap Earnings Fund

     1,228,530        (24,343,944      86,083,292        62,967,878  

U.S. Multifactor Fund

     5,315        (58,584      64,316        11,047  

U.S. Quality Dividend Growth Fund

     480,177        (1,331,675      186,825,402        185,973,904  

U.S. Quality Shareholder Yield Fund

     27,184        (295,465      807,966        539,685  

U.S. SmallCap Dividend Fund

     1,194,202        (54,143,025      (17,830,578      (70,779,401

U.S. SmallCap Earnings Fund

     398,502        (24,868,987      48,867,883        24,397,398  

U.S. SmallCap Quality Dividend Growth Fund

     36,508        (7,765,355      (440,063      (8,168,910

U.S. Total Dividend Fund

     64,700        (5,967,514      106,484,856        100,582,042  

U.S. Total Earnings Fund

     67,457        (935,380      12,541,062        11,673,139  

The tax character of distributions paid during the fiscal years or period ended March 31, 2018 and March 31, 2017 was as follows:

 

      Year Ended
March 31, 2018
     Year Ended
March 31, 2017
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
 

U.S. Dividend ex-Financials Fund

   $ 28,141,027      $ 31,847,340      $ 595,266  

U.S. Earnings 500 Fund

     2,586,608        2,481,560         

U.S. High Dividend Fund

     38,366,808        42,845,450         

U.S. LargeCap Dividend Fund

     49,979,017        52,615,941         

U.S. MidCap Dividend Fund

     66,312,628        61,113,780         

U.S. MidCap Earnings Fund

     10,100,147        11,824,696        741,270  

U.S. Multifactor Fund

     35,735 1               

U.S. Quality Dividend Growth Fund

     34,344,320        19,234,813         

U.S. Quality Shareholder Yield Fund

     642,537        2,540,819         

U.S. SmallCap Dividend Fund

     57,037,610        53,414,249         

U.S. SmallCap Earnings Fund

     5,289,781        5,286,342         

U.S. SmallCap Quality Dividend Growth Fund

     2,305,555        1,556,351         

U.S. Total Dividend Fund

     15,363,975        15,055,118         

U.S. Total Earnings Fund

     1,103,114        1,209,582        13,120  
  * Includes short-term capital gains, if any.

 

  1 

For the period June 29, 2017 (commencement of operations) through March 31, 2018.

 

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Notes to Financial Statements (continued)

 

At March 31, 2018, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

Fund    Capital Loss
Available
Through 2019
     Short-Term
Post-Effective
No Expiration
     Long-Term
Post-Effective
No Expiration
     Capital Loss
Available Total
 

U.S. Dividend ex-Financials Fund

   $ 1,318,159      $      $      $ 1,318,159  

U.S. Earnings 500 Fund

     4,536,572                      4,536,572  

U.S. High Dividend Fund

     17,516,442                      17,516,442  

U.S. LargeCap Dividend Fund

     23,138,077                      23,138,077  

U.S. MidCap Dividend Fund

            22,267,008               22,267,008  

U.S. MidCap Earnings Fund

     346,722        23,997,222               24,343,944  

U.S. Multifactor Fund

            58,584               58,584  

U.S. Quality Dividend Growth Fund

            1,331,675               1,331,675  

U.S. Quality Shareholder Yield Fund

     295,465                      295,465  

U.S. SmallCap Dividend Fund

     6,604,794        32,530,748        15,007,483        54,143,025  

U.S. SmallCap Earnings Fund

     921,406        23,947,581               24,868,987  

U.S. SmallCap Quality Dividend Growth Fund

            6,314,059        1,451,296        7,765,355  

U.S. Total Dividend Fund

     5,967,514                      5,967,514  

U.S. Total Earnings Fund

     935,380                      935,380  

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

For the year or period ended March 31, 2018, the Funds did not incur or elect to defer any post-October capital losses or late year ordinary losses.

During the fiscal year or period ended March 31, 2018, the amount of capital loss carryforwards used to offset realized gains and the amount of capital loss carryforwards that expired unused are shown in the following table:

 

Fund    Expired
Capital Loss
Carryforward
     Utilized
Capital Loss
Carryforward
 

U.S. Dividend ex-Financials Fund

   $ 37,088,420      $ 46,150,608  

U.S. Earnings 500 Fund

     7,043,205        4,889,251  

U.S. High Dividend Fund

            28,854,687  

U.S. LargeCap Dividend Fund

            50,423,913  

U.S. MidCap Dividend Fund

            9,612,641  

U.S. MidCap Earnings Fund

     6,328,159        26,278,184  

U.S. Multifactor Fund1

             

U.S. Quality Dividend Growth Fund

            12,680,255  

U.S. Quality Shareholder Yield Fund

     6,758,869        6,834,203  

U.S. SmallCap Dividend Fund

     29,790,025        31,454,474  

U.S. SmallCap Earnings Fund

     4,654,874        12,532,581  

U.S. SmallCap Quality Dividend Growth Fund

             

U.S. Total Dividend Fund

            14,104,460  

U.S. Total Earnings Fund

     1,988,864        3,131,859  
  1 

For the period June 29, 2017 (commencement of operations) through March 31, 2018.

 

 

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Notes to Financial Statements (concluded)

 

At March 31, 2018, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed Net
Investment Income
     Accumulated Net
Realized Gain/(Loss)
     Paid-in Capital  

U.S. Dividend ex-Financials Fund

   $ 26,427      $ 17,984,215      $ (18,010,642

U.S. Earnings 500 Fund

     342        6,371,564        (6,371,906

U.S. High Dividend Fund

     23,835        (67,358,021      67,334,186  

U.S. LargeCap Dividend Fund

            (54,137,175      54,137,175  

U.S. MidCap Dividend Fund

     3,754        (133,704,445      133,700,691  

U.S. MidCap Earnings Fund

     7,511        (34,756,662      34,749,151  

U.S. Multifactor Fund

     50        (283,084      283,034  

U.S. Quality Dividend Growth Fund

            (115,056,570      115,056,570  

U.S. Quality Shareholder Yield Fund

            5,290,224        (5,290,224

U.S. SmallCap Dividend Fund

     14,679        (93,119,146      93,104,467  

U.S. SmallCap Earnings Fund

     1,738        (24,125,414      24,123,676  

U.S. SmallCap Quality Dividend Growth Fund

     843        (10,252,470      10,251,627  

U.S. Total Dividend Fund

     10,733        (23,534,027      23,523,294  

U.S. Total Earnings Fund

     262        395,217        (395,479

These differences are primarily due to redemptions-in-kind, distributions in excess of current earnings, expiration of capital loss carryforwards, non-deductible excise tax paid, investment in real estate investment trusts and realized basis adjustments on securities.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year or period ended March 31, 2018, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2018, remains subject to examination by taxing authorities.

 

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Report of Independent Registered Public Accounting Firm

 

To the Shareholders and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Trust (the “Trust”) (comprising WisdomTree U.S. Dividend ex-Financials Fund (formerly, “WisdomTree Dividend ex-Financials Fund”), WisdomTree U.S. Earnings 500 Fund (formerly, “WisdomTree Earnings 500 Fund”), WisdomTree U.S. High Dividend Fund (formerly, “WisdomTree High Dividend Fund”), WisdomTree U.S. LargeCap Dividend Fund (formerly, “WisdomTree LargeCap Dividend Fund”), WisdomTree U.S. MidCap Dividend Fund (formerly, “WisdomTree MidCap Dividend Fund”), WisdomTree U.S. MidCap Earnings Fund (formerly, “WisdomTree MidCap Earnings Fund”), WisdomTree U.S. Multifactor Fund, WisdomTree U.S. Quality Dividend Growth Fund, WisdomTree U.S. Quality Shareholder Yield Fund (formerly, “WisdomTree LargeCap Value Fund”), WisdomTree U.S. SmallCap Dividend Fund (formerly, “WisdomTree SmallCap Dividend Fund”), WisdomTree U.S. SmallCap Earnings Fund (formerly, “WisdomTree SmallCap Earnings Fund”), WisdomTree U.S. SmallCap Quality Dividend Growth Fund, WisdomTree U.S. Total Dividend Fund (formerly, “WisdomTree Total Dividend Fund”), WisdomTree U.S. Total Earnings Fund (formerly, “WisdomTree Total Earnings Fund”) (collectively referred to as the “Funds”)) including the schedules of investments, as of March 31, 2018, and the related statements of operations, and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds comprising WisdomTree Trust at March 31, 2018, the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

Funds comprising the WisdomTree Trust    Statement of
operations
   Statements of changes in net
assets
   Financial highlights

WisdomTree U.S. Dividend ex-Financials Fund

WisdomTree U.S. Earnings 500 Fund

WisdomTree U.S. High Dividend Fund

WisdomTree U.S. LargeCap Dividend Fund

WisdomTree U.S. Quality Shareholder Yield Fund

WisdomTree U.S. MidCap Dividend Fund

WisdomTree U.S. MidCap Earnings Fund

WisdomTree U.S. SmallCap Dividend Fund

WisdomTree U.S. SmallCap Earnings Fund

WisdomTree U.S. Total Dividend Fund

WisdomTree U.S. Total Earnings Fund

   For the year ended March 31, 2018    For each of the two years in the period ended March 31, 2018    For each of the five years in the period ended March 31, 2018

WisdomTree U.S. Quality Dividend Growth Fund

   For the year ended March 31, 2018    For each of the two years in the period ended March 31, 2018    For each of the four years in the period ended March 31, 2018 and the period from May 22, 2013 (commencement of operations) through March 31, 2014

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

   For the year ended March 31, 2018    For each of the two years in the period ended March 31, 2018    For each of the four years in the period ended March 31, 2018 and the period from July 25, 2013 (commencement of operations) through March 31, 2014

WisdomTree U.S. Multifactor Fund

   For the period from June 29, 2017 (commencement of operations) through March 31, 2018          

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 

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Report of Independent Registered Public Accounting Firm (concluded)

 

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2018, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

LOGO

We have served as the auditor of one or more WisdomTree investment companies since 2006.

New York, NY

May 24, 2018

 

WisdomTree Domestic Equity Funds      143  


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Trustees and Officers Information (unaudited)

 

The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
   

Other
Directorships
Held by Trustee

During the Past
5 Years

David G. Chrencik^
(1948)
  Trustee, 2014- present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).     80     Trustee, Vericimetry Funds (2011 to 2014); Director, Bennett Group of Funds (2011 to 2013); Trustee, del Rey Global Investors Funds (2011 to 2012).
Joel Goldberg#
(1945)
  Trustee, 2012- present   Attorney, Of Counsel at Stroock & Stroock & Lavan LLP (“Stroock”) since 2015; Attorney, Partner at Stroock from 2010 to 2013; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     80     Director, Better Business Bureau (Metropolitan New York, Long Island and the Mid-Hudson Region).
Toni Massaro†
(1955)
  Trustee, 2006- present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     80     None
Melinda A. Raso Kirstein‡
(1955)
  Trustee, 2014- present   Retired since 2004, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.     80     Associate Alumnae of Douglass College, Member of Investment Committee.
Victor Ugolyn
(1947)
  Trustee, 2006- present; Chairman of the Board of Trustees, 2006-present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.     80     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

* As of March 31, 2018.

 

^ Chair of the Audit Committee.

 

# Chair of the Contracts Review Committee.

 

Chair of the Governance, Nominating and Compliance Committee.

 

Chair of the Investment Committee.

 

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Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with

the Trust, Term of

Office and Length

of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
   

Other
Directorships
Held by Trustee

During the Past
5 Years

Jonathan Steinberg**

(1964)

  Trustee, 2005-
present President, 2005-present
  President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2012; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. since 2005.     80     Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano**
(1971)
  Treasurer, 2013- present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011.     80     None
Terry Jane Feld**
(1960)
  Chief Compliance Officer, 2012- present   Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011.     80     None
Ryan Louvar**
(1972)
  Secretary and Chief Legal Officer, 2013-
present
  General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.     80     None

Joanne Antico**

(1975)

 

Assistant Secretary, 2018-
present

  Senior Investment Management Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     80     None
Clint Martin**
(1977)
  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.     80     None

 

* As of March 31, 2018.

 

** Elected by and serves at the pleasure of the Board.

 

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Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year or period ended March 31, 2018, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2019.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended March 31, 2018, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

U.S. Dividend ex-Financials Fund

   $ 28,141,027  

U.S. Earnings 500 Fund

     2,586,608  

U.S. High Dividend Fund

     37,398,084  

U.S. LargeCap Dividend Fund

     49,979,017  

U.S. MidCap Dividend Fund

     59,746,997  

U.S. MidCap Earnings Fund

     10,100,147  

U.S. Multifactor Fund1

     35,735  

U.S. Quality Dividend Growth Fund

     34,344,320  

U.S. Quality Shareholder Yield Fund

     642,537  

U.S. SmallCap Dividend Fund

     45,657,641  

U.S. SmallCap Earnings Fund

     5,289,781  

U.S. SmallCap Quality Dividend Growth Fund

     2,124,337  

U.S. Total Dividend Fund

     15,363,975  

U.S. Total Earnings Fund

     1,103,114  

The following represents the percentage of dividends paid during the fiscal year or period ended March 31, 2018, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction
 

U.S. Dividend ex-Financials Fund

     100.00

U.S. Earnings 500 Fund

     93.71

U.S. High Dividend Fund

     97.56

U.S. LargeCap Dividend Fund

     99.55

U.S. MidCap Dividend Fund

     88.49

U.S. MidCap Earnings Fund

     89.16

U.S. Multifactor Fund1

     87.05

U.S. Quality Dividend Growth Fund

     99.87

U.S. Quality Shareholder Yield Fund

     95.94

U.S. SmallCap Dividend Fund

     78.51

U.S. SmallCap Earnings Fund

     92.99

U.S. SmallCap Quality Dividend Growth Fund

     92.86

U.S. Total Dividend Fund

     99.58

U.S. Total Earnings Fund

     94.24
  1 

For the period June 29, 2017 (commencement of operations) through March 31, 2018.

 

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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.

 

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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 March 31, 2018:

 

 

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 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 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 Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

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 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 Russell 2000 PutWrite Strategy Fund (RPUT)

 

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. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

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

 

WisdomTree Domestic Equity Funds

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

(formerly, WisdomTree Dividend ex-Financials Fund)

WisdomTree U.S. Earnings 500 Fund (EPS)

(formerly, WisdomTree Earnings 500 Fund)

WisdomTree U.S. High Dividend Fund (DHS)

(formerly, WisdomTree High Dividend Fund)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

(formerly, WisdomTree LargeCap Dividend Fund)

WisdomTree U.S. MidCap Dividend Fund (DON)

(formerly, WisdomTree MidCap Dividend Fund)

WisdomTree U.S. MidCap Earnings Fund (EZM)

(formerly, WisdomTree MidCap Earnings Fund)

WisdomTree U.S. Multifactor Fund (USMF)

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

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

(formerly, WisdomTree U.S. LargeCap Value Fund (EZY))

WisdomTree U.S. SmallCap Dividend Fund (DES)

(formerly, WisdomTree SmallCap Dividend Fund)

WisdomTree U.S. SmallCap Earnings Fund (EES)

(formerly, WisdomTree SmallCap Earnings Fund)

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

WisdomTree U.S. Total Dividend Fund (DTD)

(formerly, WisdomTree Total Dividend Fund)

WisdomTree U.S. Total Earnings Fund (EXT)

(formerly, WisdomTree Total Earnings Fund)

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-0796


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Item 2. Code of Ethics.

 

  (a) The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.

 

  (c) There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

 

  (d) The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

 

  (f) The code of ethics is attached hereto as exhibit 13(a)(1).

 

Item 3. Audit Committee Financial Expert.

The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the Registrant’s audit committee is David Chrencik, who is an independent Trustee of the Trust, as that term is defined under Item 3(a) (2).

 

Item 4. Principal Accountant Fees and Services.

Audit Fees

 

  (a) The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are $1,151,110 for 2018 and $1,273,638 for 2017.

Audit-Related Fees

 

  (b) The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $119,774 for 2018 and $140,141 for 2017.


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Tax Fees

 

  (c) The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $657,960 for 2018 and $847,636 for 2017.

All Other Fees

 

  (d) The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0 for 2018 and $0 for 2017.

 

  (e)(1) Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.

 

  (e)(2) The Registrant’s Audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

 

  (f) The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

 

  (g) The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $657,960 for 2018 and $847,636 for 2017.

 

  (h) Not applicable.

 

Item 5. Audit Committee of Listed registrants.

The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.


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Item 6. Investments.

 

(a) Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

 

(b) Not applicable.

 

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

 

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

 

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

 

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of 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)).


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  (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) Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto.

 

  (a)(2) Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

 

  (a)(3) Not applicable.

 

  (a)(4) Not applicable.

 

  (b) Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.


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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 L. Steinberg

  
   Jonathan L. Steinberg, President   
   (principal executive officer)   

Date: June 4, 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 L. Steinberg

  
   Jonathan L. Steinberg, President   
   (principal executive officer)   

Date: June 4, 2018

 

By (Signature and Title)               

/s/ David Castano

  
   David Castano, Treasurer   
   (principal financial officer)   

Date: June 4, 2018