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, 2019

 

 

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 Reports to Shareholders are attached hereto.


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

March 31, 2019

 

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree International Dividend ex-Financials Fund (DOO)

WisdomTree International Equity Fund (DWM)

WisdomTree International High Dividend Fund (DTH)

WisdomTree International LargeCap Dividend Fund (DOL)

WisdomTree International MidCap Dividend Fund (DIM)

WisdomTree International Multifactor Fund (DWMF)

WisdomTree International Quality Dividend Growth Fund (IQDG)

WisdomTree International SmallCap Dividend Fund (DLS)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker dealer or bank).

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.


Table of Contents

Table of Contents

 

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       2  

Management’s Discussion of Funds’ Performance (unaudited)

       3  

Description of Indexes (unaudited)

       14  
Schedules of Investments     

WisdomTree Europe Quality Dividend Growth Fund

       16  

WisdomTree Europe SmallCap Dividend Fund

       19  

WisdomTree International Dividend ex-Financials Fund

       24  

WisdomTree International Equity Fund

       26  

WisdomTree International High Dividend Fund

       35  

WisdomTree International LargeCap Dividend Fund

       41  

WisdomTree International MidCap Dividend Fund

       45  

WisdomTree International Multifactor Fund

       52  

WisdomTree International Quality Dividend Growth Fund

       56  

WisdomTree International SmallCap Dividend Fund

       60  

WisdomTree Japan SmallCap Dividend Fund

       70  

Statements of Assets and Liabilities

       80  

Statements of Operations

       83  

Statements of Changes in Net Assets

       86  

Financial Highlights

       90  

Notes to Financial Statements

       96  

Report of Independent Registered Public Accounting Firm

       112  

Trustees and Officers Information (unaudited)

       114  

Supplemental Information (unaudited)

       116  

General Information (unaudited)

       117  

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


Table of Contents

Market Environment Overview

(unaudited)

 

International equity markets, as measure by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned -3.71% in the 12-month period ended March 31, 2019, which underperformed the S&P 500 Index by 13.21%. Measured in local currency, the MSCI EAFE Index returned +2.83% over the period, lagging the return of the S&P 500 Index by 6.67%. 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 appreciation (i.e. strengthened) 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 negative spot returns over the period against the U.S. dollar.

International equity markets experienced a market correction (in both local and U.S. dollar terms) in the fourth quarter of 2018, followed by a relief rally in the first quarter of 2019. Weak equity performance through the fourth quarter of 2018 in mainland Europe (“Eurozone”) was primarily driven by softening economic data, declining economic sentiment, and mounting fears of recession. The Eurozone saw three consecutive quarters of declining gross domestic product (“GDP”) growth in the last nine months of 2018. Importantly, major Eurozone economies, including Germany and France, were a significant drag on Eurozone growth during this time period. German and French GDP both grew 1.5% in 2018. This marked the slowest annual GDP growth rate for Germany since 2013. Meanwhile, export-oriented economies, including Germany, were negatively impacted by the U.S.-China trade dispute. German manufacturing activity exhibited signs of a slowdown, particularly in the automobile manufacturing sector, which led the nation’s Purchasing Managers’ Index to slip into contractionary territory in January 2019.

Political fragmentation and uncertainty also negatively impacted the Eurozone during this time period. The new populist governing body in Italy failed to defuse fears about the country’s budget deficit and slowing economic growth. Meanwhile, protests and demand for political reform in France provided evidence of political and economic divide. Most notably, a lack of resolution on the ultimate outcome and timing of the United Kingdom’s departure from the European Union (known as “BREXIT”) was a hindrance for the Eurozone during this time period. Following several months of negotiations with European Union counterparts, the draft BREXIT deal released by British Prime Minister Theresa May was met with substantial criticism from British Parliament and from within her own party. May’s exit deal was met with such resistance that she narrowly won a no confidence vote in her leadership from within her Conservative party. Multiple variations of a BREXIT resolution were ultimately rejected, including an exit plan negotiated with the European Union, a referendum to revoke BREXIT entirely, and an election to break away from the European Union without a deal altogether. During this time period of political uncertainty, the United Kingdom economy expanded 1.4%, marking the weakest economic growth for the nation in six years.

European equities rebounded alongside global equities, despite reductions in Eurozone economic growth forecasts and ongoing concerns about the political and financial strength of the European Union. During this time period the European Central Bank announced the end of its quantitative easing program. Measures taken by the European Central Bank to stimulate private sector bank lending and more positive news flow on the U.S.-China trade and economic growth helped fuel the rebound in European equities in the first quarter of 2019.

Japan experienced moderating economic growth during this time period, including a sharp decline in Q3 2018 GDP driven by natural disasters followed by a recovery in Q4 2018. Japanese export growth also declined over the period due to weak demand from China as well as the U.S.-China trade dispute. The ultra-accommodative monetary policy maintained by the Bank of Japan, including a near zero 10-year yield, did not spur price inflation during the period. Japanese equities recovered in Q1 2019 alongside global equities, driven by more constructive sentiment around global trade. Despite the equity rally in Q1 2019, Japan’s economic data continued to be negatively impacted by subdued global demand, as evidenced by a contraction in the nation’s manufacturing data and a steep decline in exports.

 

WisdomTree Trust      1  


Table of Contents

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2018 to March 31, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

2   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    20.9%  

Industrials

    19.8%  

Health Care

    18.4%  

Consumer Discretionary

    17.1%  

Materials

    6.8%  

Information Technology

    4.5%  

Communication Services

    4.2%  

Utilities

    3.0%  

Financials

    2.7%  

Energy

    1.1%  

Real Estate

    0.9%  

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*

 

Description   % of Net Assets  

Roche Holding AG, Genusschein

    7.7%  

Unilever N.V., CVA

    4.8%  

Novo Nordisk A/S, Class B

    4.6%  

British American Tobacco PLC

    4.2%  

LVMH Moet Hennessy Louis Vuitton SE

    3.8%  

Diageo PLC

    3.4%  

Unilever PLC

    3.1%  

Industria de Diseno Textil S.A.

    2.6%  

Airbus SE

    2.2%  

Reckitt Benckiser Group PLC

    2.2%  
*

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

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

The Fund returned -1.62% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Financials contributed most positively to performance, while its position in Materials contributed least positively to performance. The Fund’s country position in France contributed most positively to performance, while its position in the United Kingdom contributed least positively to performance. The U.S. dollar rallied by 8.73% against the euro during the fiscal year which served as a headwind for European equities. However, the Fund’s significant overweight to higher quality companies proved to be a source of outperformance when compared to companies with low quality (based on return on equity). Much of this quality outperformance came from the broad market correction in the fourth quarter of 2018 which was catalyzed by trade war apprehensions, ongoing BREXIT negotiations, and economic slowdown in the region. However, during the first quarter of 2019, there has been a strong rebound as markets began to stabilize.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 984.50        0.58   $ 2.87  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      Since Inception1  

Fund NAV Returns

       -1.62      6.33      2.06

Fund Market Price Returns

       -2.32      6.46      1.94

WisdomTree Europe Quality Dividend Growth Index

       -1.00      6.85      2.58

MSCI Europe Index

       -3.72      6.56      0.54
1 

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

 

LOGO

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

 

WisdomTree Trust      3  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    24.9%  

Consumer Discretionary

    17.6%  

Financials

    13.9%  

Consumer Staples

    8.3%  

Real Estate

    7.4%  

Information Technology

    6.5%  

Materials

    5.5%  

Communication Services

    5.1%  

Energy

    4.2%  

Utilities

    2.9%  

Health Care

    2.6%  

Investment Company

    0.5%  

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*

 

Description   % of Net Assets  

Gaztransport Et Technigaz S.A.

    1.3%  

BE Semiconductor Industries N.V.

    1.3%  

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

    1.0%  

Enav SpA

    1.0%  

Peab AB

    1.0%  

AURELIUS Equity Opportunities SE & Co. KGaA

    0.9%  

alstria office REIT-AG

    0.9%  

Saras SpA

    0.8%  

Tieto Oyj

    0.8%  

Inmarsat 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 “Index”). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the European equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -12.19% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Materials contributed most positively to performance, while its position in Consumer Staples contributed least positively to performance. The U.S. dollar rallied by 8.73% against the euro during the fiscal year which served as a headwind for European equities. The Fund’s country position in Norway contributed most positively to performance, while its position in Switzerland contributed least positively to performance. Additionally, small-cap companies faced additional pressures during the fiscal period when compared to their larger peers, particularly as the broad market correction was catalyzed by trade war apprehensions, ongoing BREXIT negotiations, and economic slowdown in the region. However, during the first quarter of 2019, there has been a strong rebound as markets began to stabilize.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 929.00        0.58   $ 2.79  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

     -12.19      4.66      2.05      14.01

Fund Market Price Returns

     -12.76      4.74      2.00      14.00

WisdomTree Europe SmallCap Dividend Index

     -12.08      5.00      2.73      14.74

MSCI Europe Small Cap Index

     -9.85      6.43      3.09      14.31

 

LOGO

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

 

4   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

 

Sector Breakdown

 

Sector   % of Net Assets  

Communication Services

    16.9%  

Utilities

    14.6%  

Energy

    12.1%  

Materials

    11.1%  

Consumer Discretionary

    10.9%  

Health Care

    10.2%  

Consumer Staples

    9.8%  

Industrials

    8.6%  

Information Technology

    4.9%  

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*

 

Description   % of Net Assets  

Telstra Corp., Ltd.

    2.4%  

Hennes & Mauritz AB, Class B

    2.2%  

Endesa S.A.

    2.1%  

BT Group PLC

    2.1%  

Snam SpA

    2.0%  

Imperial Brands PLC

    1.7%  

Iberdrola S.A.

    1.6%  

SSE PLC

    1.5%  

National Grid PLC

    1.5%  

Swisscom AG, Registered Shares

    1.5%  
*

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

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

The Fund returned -0.49% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Industrials contributed most positively to performance, while its position in Communication Services contributed least positively to performance. In addition, by the nature of the Fund’s methodology of excluding Financial sector stocks from its portfolio, the Fund avoided the worst performing sector in the market over the fiscal year (-13.22%). The Fund’s country position in Spain contributed most positively to performance, while its position in France contributed least positively to performance. The U.S. dollar rallied over the fiscal year which served as a headwind for international equities. The Fund’s overweight to large-cap equities provided more downside protection than mid- or small-cap peers during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a U.S. Federal Reserve policy misstep sent global markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 992.40        0.58   $ 2.88  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       -0.49      6.49      0.39      8.23

Fund Market Price Returns

       -0.82      6.66      0.42      8.25

WisdomTree International Dividend Top 100/International Dividend ex-Financials Spliced Index1

       -0.12      6.82      0.71      8.40

MSCI EAFE Value Index

       -6.13      6.90      0.67      8.12
1 

WisdomTree International Dividend Top 100 Index prior to May 7, 2009; WisdomTree International Dividend ex-Financials Index thereafter.

 

LOGO

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

 

WisdomTree Trust      5  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International Equity Fund (DWM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.2%  

Industrials

    11.8%  

Consumer Staples

    10.6%  

Consumer Discretionary

    10.2%  

Communication Services

    9.1%  

Health Care

    9.1%  

Energy

    8.1%  

Materials

    7.0%  

Utilities

    5.8%  

Information Technology

    3.3%  

Real Estate

    3.0%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    0.8%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Novartis AG, Registered Shares

    1.6%  

China Mobile Ltd.

    1.6%  

Nestle S.A., Registered Shares

    1.6%  

Roche Holding AG, Genusschein

    1.4%  

BP PLC

    1.4%  

HSBC Holdings PLC

    1.3%  

Royal Dutch Shell PLC, Class A

    1.3%  

Royal Dutch Shell PLC, Class B

    1.2%  

TOTAL S.A.

    1.1%  

Anheuser-Busch InBev S.A./N.V.

    1.0%  
*

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

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

The Fund returned -3.89% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Energy contributed most positively to performance, while its position in Industrials contributed least positively to performance. The Fund’s country position in Hong Kong contributed most positively to performance, while its position in Japan contributed least positively to performance. The U.S. dollar rallied over the fiscal year which served as a headwind for international equities. The Fund’s overweight to large-cap equities, combined with underweights to both mid-cap and small-cap equities, provided a bit of downside protection during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a U.S. Federal Reserve policy misstep sent global markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 961.20        0.48   $ 2.35  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

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

Fund NAV Returns

       -3.89      6.86      1.93      8.76

Fund Market Price Returns

       -4.15      7.01      1.89      8.77

WisdomTree International Equity Index

       -3.83      7.18      2.15      8.99

MSCI EAFE Index

       -3.71      7.27      2.33      8.96

 

LOGO

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

 

6   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International High Dividend Fund (DTH)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.3%  

Communication Services

    12.0%  

Energy

    10.6%  

Health Care

    9.7%  

Consumer Staples

    9.5%  

Consumer Discretionary

    8.4%  

Utilities

    8.2%  

Industrials

    8.1%  

Materials

    7.3%  

Real Estate

    2.5%  

Information Technology

    1.5%  

Investment Company

    0.0%

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).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Novartis AG, Registered Shares

    2.7%  

China Mobile Ltd.

    2.7%  

Nestle S.A., Registered Shares

    2.7%  

BP PLC

    2.3%  

Royal Dutch Shell PLC, Class A

    2.2%  

Roche Holding AG, Genusschein

    2.2%  

TOTAL S.A.

    1.9%  

Anheuser-Busch InBev S.A./N.V.

    1.7%  

GlaxoSmithKline PLC

    1.6%  

HSBC Holdings PLC

    1.6%  
*

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

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

The Fund returned -2.53% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Energy contributed most positively to performance, while its position in Consumer Staples contributed least positively to performance. The Fund’s country position in Hong Kong contributed most positively to performance, while its position in France contributed least positively to performance. The U.S. dollar rallied over the fiscal year which served as a headwind for international equities. However, being overweight to the higher dividend yielding companies provided significant outperformance over the lower/non dividend paying companies. The Fund’s significant weights to large-cap and mid-cap equities proved to provide outperformance relative to small-cap equities. The market and the Fund both underperformed during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a U.S. Federal Reserve policy misstep sent global markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 976.40        0.58   $ 2.86  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       -2.53      6.68      0.75      8.26

Fund Market Price Returns

       -3.19      6.95      0.75      8.26

WisdomTree International High Dividend Index

       -2.39      6.90      1.04      8.55

MSCI EAFE Value Index

       -6.13      6.90      0.67      8.12

 

LOGO

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

 

WisdomTree Trust      7  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.0%  

Consumer Staples

    12.0%  

Health Care

    11.4%  

Communication Services

    10.4%  

Energy

    10.3%  

Consumer Discretionary

    9.4%  

Industrials

    8.3%  

Materials

    5.8%  

Utilities

    5.4%  

Information Technology

    2.5%  

Real Estate

    1.6%  

Investment Company

    0.0%

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).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

China Mobile Ltd.

    2.4%  

Novartis AG, Registered Shares

    2.4%  

Nestle S.A., Registered Shares

    2.4%  

BP PLC

    2.0%  

Royal Dutch Shell PLC, Class A

    2.0%  

Roche Holding AG, Genusschein

    1.9%  

HSBC Holdings PLC

    1.8%  

TOTAL S.A.

    1.7%  

Royal Dutch Shell PLC, Class B

    1.6%  

Anheuser-Busch InBev S.A./N.V.

    1.5%  
*

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

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

The Fund returned -2.55% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Energy contributed most positively to performance, while its position in Consumer Staples contributed least positively to performance. The Fund’s country position in Hong Kong contributed most positively to performance, while its position in France contributed least positively to performance. The U.S. dollar rallied over the fiscal year which served as a headwind for international equities. The Fund’s overweight to large-cap equities provided more protection than mid- or small-cap peers during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a U.S. Federal Reserve policy misstep sent global markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 970.50        0.48   $ 2.36  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

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

Fund NAV Returns

       -2.55      6.99      1.34      7.97

Fund Market Price Returns

       -3.17      7.25      1.31      7.89

WisdomTree International LargeCap Dividend Index

       -2.32      7.22      1.57      8.24

MSCI EAFE Index

       -3.71      7.27      2.33      8.96

 

LOGO

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

 

8   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    19.2%  

Financials

    18.0%  

Consumer Discretionary

    11.3%  

Materials

    10.9%  

Utilities

    9.0%  

Consumer Staples

    7.5%  

Real Estate

    6.4%  

Communication Services

    6.1%  

Information Technology

    4.5%  

Health Care

    3.6%  

Energy

    2.9%  

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*

 

Description   % of Net Assets  

Fortescue Metals Group Ltd.

    0.9%  

Snam SpA

    0.8%  

Mowi ASA

    0.6%  

Hannover Rueck SE

    0.6%  

Persimmon PLC

    0.6%  

Power Assets Holdings Ltd.

    0.6%  

Evraz PLC

    0.6%  

Ferrovial S.A.

    0.5%  

Telefonica Deutschland Holding AG

    0.5%  

Carrefour S.A.

    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 “Index”). In seeking to track the Index, the Fund invests in dividend-paying mid-cap companies in the developed world excluding the U.S. and Canada. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -6.16% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Utilities contributed most positively to performance, while its position in Real Estate contributed least positively to performance. The Fund’s country position in Hong Kong contributed most positively to performance, while its position in Switzerland contributed least positively to performance. The U.S. dollar rallied over the fiscal year which served as a headwind for international equities. The Fund’s exposure to mid-cap equities outperformed its small-cap peers but underperformed large-cap equities during the fiscal year. Fund returns were brought down particularly during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a U.S. Federal Reserve policy misstep sent global markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 951.80        0.58   $ 2.82  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       -6.16      6.56      3.56      10.44

Fund Market Price Returns

       -6.62      6.78      3.56      10.43

WisdomTree International MidCap Dividend Index

       -5.78      7.03      3.90      10.80

MSCI EAFE Mid Cap Index

       -6.23      6.57      3.73      10.47

 

LOGO

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

 

WisdomTree Trust      9  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International Multifactor Fund (DWMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    19.3%  

Industrials

    14.3%  

Consumer Discretionary

    11.4%  

Consumer Staples

    10.7%  

Health Care

    8.8%  

Materials

    8.3%  

Information Technology

    6.6%  

Utilities

    5.3%  

Energy

    5.2%  

Communication Services

    5.2%  

Real Estate

    4.4%  

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*

 

Description   % of Net Assets  

Novartis AG, Registered Shares

    1.2%  

Roche Holding AG, Genusschein

    1.2%  

Nestle S.A., Registered Shares

    1.1%  

E.ON SE

    1.0%  

Deutsche Wohnen SE, Bearer Shares

    1.0%  

Allianz SE, Registered Shares

    1.0%  

Zurich Insurance Group AG

    1.0%  

Compass Group PLC

    1.0%  

Hannover Rueck SE

    0.9%  

Muenchener Rueckversicherungs — Gesellschaft AG, Registered Shares

    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 International Multifactor Fund (the “Fund”) seeks capital appreciation by investing primarily in equity securities of developed countries, excluding the United States and Canada, with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

The Fund returned 1.18% at net asset value (“NAV”) for the fiscal period ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Health Care contributed most positively to performance, while its position in Energy contributed least positively to performance. The Fund’s country position in Japan contributed most positively to performance, while its position in the France contributed least positively to performance. During the fiscal period, the Fund utilized forward foreign currency contracts to offset applicable international currency exposure from positions in international equities. The Fund’s use of foreign currency contracts contributed positively to Fund performance as the U.S. dollar rallied against various international currencies, which served as tailwind to the strategy’s dynamic currency hedges. Additionally, exposure and tilts to value, quality, momentum, and correlation factors provided outperformance over the fiscal period. Much of this quality outperformance came from the broad market correction in the fourth quarter of 2018 which was catalyzed by trade war apprehensions, ongoing BREXIT negotiations, and global economic slowdown. However, during the first quarter of 2019, there has been a strong rebound as markets began to stabilize.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 994.90        0.38   $ 1.89  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

   
        Cumulative Total Return  
        Since Inception1  

Fund NAV Returns

       1.18

Fund Market Price Returns

       1.87

MSCI EAFE Index

       -2.27
1

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

 

LOGO

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

 

10   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    20.2%  

Consumer Discretionary

    18.4%  

Health Care

    18.2%  

Consumer Staples

    14.1%  

Information Technology

    10.4%  

Real Estate

    4.3%  

Materials

    4.2%  

Communication Services

    4.0%  

Financials

    3.9%  

Energy

    1.8%  

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*

 

Description   % of Net Assets  

Novo Nordisk A/S, Class B

    7.5%  

Diageo PLC

    6.3%  

British American Tobacco PLC

    4.9%  

Industria de Diseno Textil S.A.

    3.5%  

China Overseas Land & Investment Ltd.

    3.2%  

Airbus SE

    3.1%  

Tokyo Electron Ltd.

    2.2%  

Safran S.A.

    1.9%  

CSL Ltd.

    1.9%  

Astellas Pharma, Inc.

    1.7%  
*

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

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

The Fund returned -4.43% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Financials contributed most positively to performance, while its position in Communication Services contributed least positively to performance. The Fund’s country position in Denmark contributed most positively to performance, while its position in the Switzerland contributed least positively to performance. The U.S. dollar rallied over the fiscal year which served as a headwind for international equities. However, the Fund’s significant overweight to higher quality companies proved to be a source of outperformance when compared to companies with low quality (based on return on equity). Much of this quality outperformance came from the broad market correction in the fourth quarter of 2018 which was catalyzed by trade war apprehensions, ongoing BREXIT negotiations, and global economic slowdown. However, during the first quarter of 2019, there has been a strong rebound as markets began to stabilize.

Shareholder Expense Example

 

         
      Beginning
Account Value
     Ending
Account Value
     Annualized Net
Expense Ratio
   

Expenses Paid
During the

Period

 

Actual

   $ 1,000.00      $ 977.30        0.38 %1    $ 1.87  

Hypothetical (5% return before expenses)

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

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through July 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       -4.43      6.64

Fund Market Price Returns

       -4.80      6.92

WisdomTree International Quality Dividend Growth Index

       -4.03      7.01

MSCI EAFE Index

       -3.71      8.27
1 

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

 

LOGO

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

 

WisdomTree Trust      11  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    22.5%  

Consumer Discretionary

    16.1%  

Financials

    14.0%  

Materials

    7.8%  

Real Estate

    7.5%  

Consumer Staples

    6.7%  

Information Technology

    6.5%  

Communication Services

    6.5%  

Health Care

    4.1%  

Energy

    3.6%  

Utilities

    3.3%  

Investment Company

    0.8%  

Other Assets less Liabilities‡

    0.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

StarHub Ltd.

    0.7%  

NOS, SGPS, S.A.

    0.6%  

Delek Group Ltd.

    0.6%  

Austevoll Seafood ASA

    0.6%  

Cembra Money Bank AG

    0.6%  

Azimut Holding SpA

    0.6%  

Gaztransport Et Technigaz S.A.

    0.6%  

Genesis Energy Ltd.

    0.6%  

Warehouses De Pauw, CVA

    0.5%  

Hutchison Port Holdings Trust

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

The Fund returned -10.41% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Materials contributed most positively to performance, while its position in Real Estate contributed least positively to performance. The Fund’s country position in Hong Kong contributed most positively to performance, while its position in Japan contributed least positively to performance. The U.S. dollar rallied over the fiscal year which served as a headwind for international equities. The Fund’s exposure to small-cap equities underperformed its large- and mid-cap peers, as returns were brought down particularly during the fourth quarter of 2018 as a broad market correction catalyzed by trade war apprehension with China and fears of a U.S. Federal Reserve policy misstep sent global markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 932.30        0.58   $ 2.79  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       -10.41      7.06      3.39      12.21

Fund Market Price Returns

       -11.08      7.13      3.35      12.14

WisdomTree International SmallCap Dividend Index

       -9.63      7.49      3.98      12.85

MSCI EAFE Small Cap Index

       -9.36      7.50      4.47      12.76

 

LOGO

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

 

12   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    25.4%  

Consumer Discretionary

    20.9%  

Materials

    12.9%  

Information Technology

    10.0%  

Financials

    8.6%  

Consumer Staples

    7.2%  

Health Care

    5.2%  

Communication Services

    3.9%  

Real Estate

    2.0%  

Utilities

    1.4%  

Energy

    1.2%  

Investment Company

    0.0%

Other Assets less Liabilities‡

    1.3%  

Total

    100.0%  

 

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

 

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

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Sankyo Co., Ltd.

    0.8%  

Matsui Securities Co., Ltd.

    0.7%  

DIC Corp.

    0.6%  

Mitsubishi Materials Corp.

    0.6%  

Nippon Paper Industries Co., Ltd.

    0.6%  

Skylark Holdings Co., Ltd.

    0.5%  

Yokohama Rubber Co., Ltd. (The)

    0.5%  

Nippon Electric Glass Co., Ltd.

    0.5%  

Canon Marketing Japan, Inc.

    0.5%  

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

The Fund returned -14.38% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Communication Services contributed most positively to performance, while its position in Real Estate contributed least positively to performance. The U.S. dollar rallied by 4.01% against the Japanese yen during the fiscal year which served as a headwind for Japanese equities. Additionally, small-cap companies faced additional pressures during the fiscal period when compared to their larger peers, particularly during the fourth quarter of 2018 as the broad market correction was catalyzed by trade war apprehension with China and a global economic slowdown. During the fiscal year, natural disasters in Japan also had an adverse effect on the Japanese equity market and overall economy.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 887.80        0.58   $ 2.73  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       -14.38      9.09      7.98      10.04

Fund Market Price Returns

       -14.64      9.31      8.12      9.90

WisdomTree Japan SmallCap Dividend Index

       -13.54      10.17      8.61      11.00

MSCI Japan Small Cap Index

       -11.87      8.87      8.33      10.54

 

LOGO

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

 

WisdomTree Trust      13  


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this report:

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

Australasia and Japan.

The MSCI EAFE 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 developed market European countries.

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

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

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

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The

 

14   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited) (concluded)

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

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

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

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

 

WisdomTree Trust      15  


Table of Contents

Schedule of Investments

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%

 

Austria – 0.7%

 

Lenzing AG

     879      $ 94,257  

Porr AG(a)

     2,170        48,537  

Telekom Austria AG*

     14,125        102,774  

Voestalpine AG

     1,615        49,089  
     

 

 

 
Total Austria

 

     294,657  
Belgium – 0.5%

 

Melexis N.V.(a)

     647        39,194  

Umicore S.A.

     2,189        97,309  

Warehouses De Pauw CVA

     509        81,729  
     

 

 

 
Total Belgium

 

     218,232  
Denmark – 8.1%

 

Chr Hansen Holding A/S

     1,252        127,033  

Coloplast A/S Class B

     3,652        401,088  

DFDS A/S

     312        12,924  

Novo Nordisk A/S Class B

     36,059        1,889,550  

Orsted A/S(b)

     6,740        511,330  

Pandora A/S

     2,223        104,185  

Royal Unibrew A/S

     1,141        84,262  

Vestas Wind Systems A/S

     2,787        234,742  
     

 

 

 
Total Denmark

 

     3,365,114  
Finland – 3.4%

 

DNA Oyj

     3,331        69,119  

Huhtamaki Oyj(a)

     1,990        74,117  

Kone Oyj Class B

     10,246        517,252  

Neste Oyj(a)

     2,255        240,543  

Nokian Renkaat Oyj

     3,013        100,953  

Orion Oyj Class B(a)

     4,166        156,332  

Stora Enso Oyj Class R

     7,117        87,066  

Wartsila Oyj Abp

     9,350        151,023  
     

 

 

 
Total Finland

 

     1,396,405  
France – 10.2%

 

Airbus SE

     7,004        927,217  

Altran Technologies S.A.

     2,436        26,751  

BioMerieux

     611        50,563  

Cie Plastic Omnium S.A.

     1,998        53,237  

Eurazeo SE

     839        63,119  

Faurecia S.A.

     1,037        43,642  

Hermes International

     431        284,658  

Iliad S.A.

     216        21,707  

Ipsen S.A.

     653        89,600  

LVMH Moet Hennessy Louis Vuitton SE

     4,299        1,582,816  

Rothschild & Co.

     567        18,049  

Rubis SCA

     1,462        79,815  

Safran S.A.

     3,659        502,265  

SEB S.A.

     323        54,402  

Teleperformance

     411        73,931  

Thales S.A.

     2,128        255,071  

Valeo S.A.

     2,505        72,709  
     

 

 

 
Total France

 

     4,199,552  
Germany – 5.7%

 

1&1 Drillisch AG

     1,991      70,958  

adidas AG

     1,367        332,467  

AURELIUS Equity Opportunities SE & Co. KGaA

     2,112        96,234  

Beiersdorf AG

     1,223        127,355  

Continental AG

     2,041        307,551  

CTS Eventim AG & Co. KGaA

     1,301        61,705  

Fielmann AG

     1,372        94,744  

Fuchs Petrolub SE

     1,171        46,151  

Hamburger Hafen und Logistik AG

     1,633        37,369  

Hella GmbH & Co. KGaA

     1,497        65,891  

Henkel AG & Co. KGaA

     3,014        286,817  

Hugo Boss AG

     1,219        83,330  

Infineon Technologies AG

     7,763        154,154  

KION Group AG

     1,212        63,404  

Koenig & Bauer AG

     940        39,412  

NORMA Group SE

     699        33,954  

ProSiebenSat.1 Media SE

     7,554        107,891  

Sixt SE

     398        41,583  

Symrise AG

     1,417        127,795  

TUI AG

     5,781        55,500  

United Internet AG Registered Shares

     900        32,874  

Wacker Chemie AG

     890        76,749  
     

 

 

 
Total Germany

 

     2,343,888  
Ireland – 0.8%

 

Glanbia PLC

     3,013        59,002  

Kerry Group PLC Class A

     863        96,418  

Kingspan Group PLC

     986        45,680  

Smurfit Kappa Group PLC

     4,613        128,871  
     

 

 

 
Total Ireland

 

     329,971  
Italy – 2.1%

 

Anima Holding SpA(b)

     10,911        44,644  

Banca IFIS SpA

     1,843        30,441  

Brembo SpA

     3,149        35,747  

De’ Longhi SpA

     3,226        87,153  

DiaSorin SpA

     677        68,187  

Ferrari N.V.

     735        98,623  

FinecoBank Banca Fineco SpA

     12,262        161,434  

Maire Tecnimont SpA

     12,497        47,654  

RAI Way SpA(b)

     7,662        39,661  

Recordati SpA

     3,636        141,710  

Salvatore Ferragamo SpA

     1,663        35,703  

Saras SpA

     45,740        84,794  
     

 

 

 
Total Italy

 

     875,751  
Netherlands – 3.2%

 

ASM International N.V.

     577        31,293  

ASML Holding N.V.

     2,335        438,374  

BE Semiconductor Industries N.V.

     4,578        121,931  

Corbion N.V.

     866        26,060  

GrandVision N.V.(b)

     2,488        53,917  

Koninklijke DSM N.V.

     2,189        238,811  

Koninklijke Vopak N.V.

     2,419        115,872  

 

See Notes to Financial Statements.

 

16   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2019

 

 

 

Investments    Shares      Value  

TKH Group N.V. CVA

     754      $ 35,592  

Wolters Kluwer N.V.

     3,739        254,839  
     

 

 

 
Total Netherlands

 

     1,316,689  
Norway – 4.1%

 

Borregaard ASA

     2,677        26,579  

Entra ASA(b)

     4,559        68,928  

Grieg Seafood ASA

     3,437        41,747  

Leroy Seafood Group ASA

     13,034        94,687  

Norsk Hydro ASA

     34,662        140,675  

Salmar ASA

     4,034        193,840  

Schibsted ASA Class A

     860        33,814  

Telenor ASA

     44,540        893,221  

Veidekke ASA

     4,996        52,503  

Yara International ASA

     3,547        145,313  
     

 

 

 
Total Norway

 

     1,691,307  
Portugal – 0.7%

 

Altri, SGPS, S.A.

     4,330        33,936  

Jeronimo Martins, SGPS, S.A.

     16,662        246,023  
     

 

 

 
Total Portugal

 

     279,959  
Spain – 4.5%

 

Amadeus IT Group S.A.

     4,666        374,080  

Atresmedia Corp. de Medios de Comunicacion S.A.

     12,062        56,586  

Ence Energia y Celulosa S.A.

     6,678        37,192  

Grifols S.A.

     4,401        123,344  

Industria de Diseno Textil S.A.

     36,588        1,076,370  

Prosegur Cash S.A.(b)

     20,257        44,763  

Prosegur Cia de Seguridad S.A.

     7,799        42,297  

Zardoya Otis S.A.(a)

     13,535        112,160  
     

 

 

 
Total Spain

 

     1,866,792  
Sweden – 7.2%

 

AAK AB

     2,725        40,743  

AF Poyry AB Class B(a)

     1,487        24,849  

Assa Abloy AB Class B

     11,300        244,511  

Atlas Copco AB Class A

     12,706        341,989  

Atlas Copco AB Class B

     6,243        154,875  

Bonava AB Class B

     2,672        33,676  

Electrolux AB Series B

     4,410        113,587  

Evolution Gaming Group AB(b)

     244        19,270  

Hexagon AB Class B

     2,358        123,298  

Hexpol AB

     4,664        39,297  

Husqvarna AB Class B

     6,735        55,142  

Indutrade AB

     1,821        51,948  

Intrum AB(a)

     3,557        102,392  

Investment AB Latour Class B(a)

     9,120        122,416  

JM AB(a)

     3,004        53,957  

Lifco AB Class B

     808        33,016  

Loomis AB Class B

     1,284        44,298  

NetEnt AB*

     7,236        26,330  

Nibe Industrier AB Class B

     5,136        65,921  

Nobia AB

     5,718        33,598  

Peab AB

     9,195        79,654  

Sandvik AB

     16,565        269,675  

Securitas AB Class B

     6,646      107,658  

SKF AB Class B(a)

     7,994        133,071  

Sweco AB Class B

     1,860        44,919  

Thule Group AB(b)

     1,685        38,150  

Volvo AB Class A

     7,512        116,544  

Volvo AB Class B

     29,192        453,209  
     

 

 

 
Total Sweden

 

     2,967,993  
Switzerland – 16.8%

 

Bucher Industries AG Registered Shares

     144        48,150  

Cie Financiere Richemont S.A. Registered Shares

     5,033        366,597  

EMS-Chemie Holding AG Registered Shares

     407        220,685  

Galenica AG*(b)

     1,134        56,136  

Givaudan S.A. Registered Shares*

     157        401,052  

Kuehne + Nagel International AG Registered Shares

     2,818        386,524  

Logitech International S.A. Registered Shares

     2,234        87,552  

Lonza Group AG Registered Shares*

     482        149,454  

Oriflame Holding AG

     1,423        27,385  

Partners Group Holding AG

     444        322,779  

Roche Holding AG Bearer Shares

     2,948        803,381  

Roche Holding AG Genusschein

     11,496        3,166,912  

SGS S.A. Registered Shares

     139        345,860  

Sonova Holding AG Registered Shares

     776        153,501  

Straumann Holding AG Registered Shares

     118        96,270  

Sunrise Communications Group AG*(a)(b)

     1,731        127,405  

Swatch Group AG (The) Bearer Shares

     376        107,601  

Swatch Group AG (The) Registered Shares

     334        18,479  

Vifor Pharma AG

     595        80,447  
     

 

 

 
Total Switzerland

 

     6,966,170  
United Kingdom – 31.4%

 

Ashmore Group PLC

     20,914        116,421  

Ashtead Group PLC

     4,593        110,870  

Barratt Developments PLC

     36,442        284,535  

Beazley PLC

     5,292        35,513  

Bellway PLC

     2,265        89,870  

Bovis Homes Group PLC

     2,681        37,153  

British American Tobacco PLC

     41,436        1,724,543  

Carnival PLC

     2,572        126,182  

Cineworld Group PLC

     11,265        42,950  

Compass Group PLC

     14,523        341,487  

Computacenter PLC

     3,458        49,836  

Croda International PLC

     1,929        126,634  

Diageo PLC

     34,400        1,406,606  

Dunelm Group PLC

     4,498        50,962  

easyJet PLC

     5,612        81,720  

Electrocomponents PLC

     7,620        55,782  

FDM Group Holdings PLC

     2,425        28,407  

Ferrexpo PLC

     14,549        46,940  

Fevertree Drinks PLC

     685        26,947  

Fresnillo PLC

     11,165        126,689  

Halma PLC

     4,124        89,850  

Hargreaves Lansdown PLC

     5,644        137,050  

Hays PLC

     14,557        28,453  

Howden Joinery Group PLC

     7,555        47,776  

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

March 31, 2019

 

 

 

Investments    Shares      Value  

IMI PLC

     4,899      $ 61,155  

International Consolidated Airlines Group S.A.

     37,636        250,684  

Jardine Lloyd Thompson Group PLC

     3,997        99,687  

Johnson Matthey PLC

     3,215        131,628  

Mondi PLC

     5,559        122,997  

Moneysupermarket.com Group PLC

     14,453        70,078  

Next PLC

     1,598        116,191  

Pagegroup PLC

     9,230        56,528  

Persimmon PLC

     11,502        325,233  

Reckitt Benckiser Group PLC

     10,873        904,206  

Redrow PLC

     6,851        53,652  

RELX PLC

     29,913        639,826  

Renishaw PLC

     825        39,840  

Rentokil Initial PLC

     8,853        40,756  

Rightmove PLC

     10,499        69,772  

Rotork PLC

     6,706        24,712  

Sage Group PLC (The)

     15,794        144,310  

Savills PLC

     2,761        32,541  

Segro PLC

     18,905        165,886  

Smith & Nephew PLC

     8,512        168,925  

Softcat PLC

     4,767        51,557  

Spirax-Sarco Engineering PLC

     946        88,630  

SSE PLC

     39,840        616,214  

SSP Group PLC

     2,362        21,308  

Superdry PLC

     2,746        19,608  

Synthomer PLC

     11,403        56,374  

Telecom Plus PLC

     2,651        52,507  

Unilever N.V. CVA

     33,907        1,971,393  

Unilever PLC

     22,614        1,295,083  

Unite Group PLC (The)

     1,903        22,751  

WH Smith PLC

     1,929        53,338  
     

 

 

 
Total United Kingdom

 

     12,980,546  

TOTAL COMMON STOCKS

(Cost: $42,360,798)

 

 

     41,093,026  
RIGHTS – 0.0%

 

Sweden – 0.0%

 

AF Poyry AB, expiring 4/12/19*

(Cost: $0)

     1,487      3,046  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.4%

 

United States – 2.4%

 

State Street Navigator Securities Lending
Government Money Market Portfolio, 2.46%(c)

     
(Cost: $969,973)(d)      969,973        969,973  

TOTAL INVESTMENTS IN SECURITIES – 101.8%

(Cost: $43,330,771)

 

 

     42,066,045  

Other Assets less Liabilities – (1.8)%

 

     (724,404
     

 

 

 
NET ASSETS – 100.0%

 

   $ 41,341,641  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,039,858 and the total market value of the collateral held by the Fund was $1,096,572. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $126,599.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%

 

Austria – 0.7%

 

Palfinger AG

     23,540      $ 660,797  

POLYTEC Holding AG(a)

     52,604        500,292  

Porr AG(a)

     50,378        1,126,813  

S IMMO AG

     81,215        1,661,523  

S&T AG*

     18,580        465,235  

Schoeller-Bleckmann Oilfield Equipment AG

     5,466        454,175  
     

 

 

 
Total Austria

 

     4,868,835  
Belgium – 2.3%

 

Bekaert S.A.

     113,540        2,669,607  

D’ieteren S.A./N.V.

     72,144        2,859,543  

Econocom Group S.A./N.V.(a)

     261,473        1,066,924  

Euronav N.V.(a)

     130,626        1,064,115  

Fagron

     31,309        562,837  

Greenyard N.V.(a)

     36,583        137,198  

Kinepolis Group N.V.

     20,653        1,168,787  

Ontex Group N.V.

     117,244        2,640,847  

Orange Belgium S.A.

     102,285        2,205,133  

Recticel S.A.

     94,149        707,235  
     

 

 

 
Total Belgium

 

     15,082,226  
Denmark – 2.9%

 

Alm Brand A/S

     398,569        3,440,979  

Matas A/S

     209,645        2,074,803  

Per Aarsleff Holding A/S

     23,794        789,119  

Ringkjoebing Landbobank A/S(a)

     27,586        1,696,987  

Scandinavian Tobacco Group A/S Class A(b)

     272,510        3,401,943  

Schouw & Co. A/S

     27,709        2,062,135  

Spar Nord Bank A/S

     208,740        1,830,378  

Sydbank A/S(a)

     194,046        4,027,637  
     

 

 

 
Total Denmark

 

     19,323,981  
Finland – 4.9%

 

Aktia Bank Oyj

     112,639        1,185,087  

Citycon Oyj(a)

     476,448        4,881,154  

Cramo Oyj

     92,833        1,827,284  

Finnair Oyj

     216,207        1,946,999  

Kemira Oyj

     355,647        4,400,707  

Lehto Group Oyj(a)

     102,412        488,722  

Oriola Oyj Class B

     219,902        579,020  

Raisio Oyj Class V

     233,222        653,374  

Ramirent Oyj

     248,346        1,529,521  

Rovio Entertainment Oyj(b)

     61,103        406,580  

Sanoma Oyj

     191,537        1,878,613  

Terveystalo Oyj*(b)

     46,582        493,755  

Tieto Oyj

     179,633        5,486,264  

Tikkurila Oyj

     58,242        956,104  

Tokmanni Group Corp.

     168,423        1,571,535  

Uponor Oyj

     63,871        730,802  

YIT Oyj(a)

     579,840        3,362,794  
     

 

 

 
Total Finland

 

     32,378,315  
France – 6.1%

 

Akka Technologies

     8,899        605,530  

Albioma S.A.

     49,280      1,156,481  

Beneteau S.A.

     54,136        634,612  

Bonduelle SCA

     23,975        703,967  

Chargeurs S.A.

     33,007        697,505  

Coface S.A.

     303,233        2,683,023  

Derichebourg S.A.

     257,075        1,045,514  

Europcar Mobility Group(b)

     152,693        1,239,593  

Gaztransport Et Technigaz S.A.

     96,999        8,833,032  

Interparfums S.A.

     29,276        1,592,675  

IPSOS

     61,648        1,545,023  

Jacquet Metal Service S.A.

     23,212        387,305  

Kaufman & Broad S.A.

     51,032        2,086,912  

Lectra

     32,615        789,199  

LISI

     35,432        1,090,104  

Maisons du Monde S.A.(b)

     19,503        377,100  

Mersen S.A.

     17,909        579,143  

Neopost S.A.

     123,489        2,958,996  

Nexans S.A.(a)

     44,916        1,338,012  

Oeneo S.A.

     63,150        667,244  

Rallye S.A.(a)

     236,849        2,805,729  

Tarkett S.A.(a)

     74,603        1,603,319  

Television Francaise 1

     413,554        3,812,388  

Vilmorin & Cie S.A.(a)

     32,049        1,698,549  
     

 

 

 
Total France

 

     40,930,955  
Georgia – 0.2%

 

Bank of Georgia Group PLC

     66,052        1,422,722  
Germany – 7.3%

 

alstria office REIT-AG

     355,087        5,781,286  

AURELIUS Equity Opportunities SE & Co. KGaA

     139,118        6,338,946  

BayWa AG

     41,217        1,173,211  

bet-at-home.com AG

     42,252        2,751,674  

Bilfinger SE

     47,301        1,646,470  

Borussia Dortmund GmbH & Co. KGaA

     74,237        682,694  

CANCOM SE

     21,288        960,432  

CompuGroup Medical SE

     20,385        1,201,688  

CropEnergies AG

     189,383        1,105,773  

Deutz AG

     163,335        1,368,169  

Elmos Semiconductor AG

     20,368        445,512  

Encavis AG

     229,001        1,622,514  

GFT Technologies SE

     25,785        219,606  

H&R GmbH & Co. KGaA

     26,156        217,920  

Hamburger Hafen und Logistik AG

     111,469        2,550,821  

Indus Holding AG

     29,522        1,423,740  

Jenoptik AG

     27,207        1,014,239  

Kloeckner & Co. SE

     187,775        1,382,077  

Koenig & Bauer AG

     12,244        513,357  

MLP SE

     233,243        1,165,441  

NORMA Group SE

     24,273        1,179,048  

OHB SE

     15,390        622,104  

Pfeiffer Vacuum Technology AG

     6,796        1,040,853  

RHOEN-KLINIKUM AG

     28,502        821,849  

RIB Software SE

     32,267        532,596  

Sixt Leasing SE

     28,668        338,637  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2019

 

 

 

Investments    Shares      Value  

SMA Solar Technology AG

     15,345      $ 314,450  

Takkt AG

     103,257        1,699,711  

VERBIO Vereinigte BioEnergie AG

     143,523        1,115,997  

Vossloh AG

     21,545        985,816  

Wacker Neuson SE

     84,763        2,017,734  

Washtec AG

     22,090        1,686,655  

Wuestenrot & Wuerttembergische AG

     143,359        2,755,817  
     

 

 

 
Total Germany

 

     48,676,837  
Ireland – 2.0%

 

C&C Group PLC

     737,474        2,649,832  

FBD Holdings PLC

     33,147        335,716  

Grafton Group PLC

     221,507        2,336,499  

Greencore Group PLC

     1,126,313        2,964,638  

Hibernia REIT PLC

     908,911        1,363,482  

Hostelworld Group PLC(b)

     187,711        452,504  

Irish Continental Group PLC

     213,030        1,162,516  

Origin Enterprises PLC

     258,233        1,528,073  

Total Produce PLC(a)

     321,936        614,526  
     

 

 

 
Total Ireland

 

     13,407,786  
Italy – 11.0%

 

Anima Holding SpA(b)

     656,904        2,687,831  

Aquafil SpA

     54,436        611,235  

Ascopiave SpA

     402,932        1,590,299  

ASTM SpA

     118,756        3,233,620  

Banca Farmafactoring SpA(b)

     763,976        4,653,730  

Banca IFIS SpA

     103,723        1,713,205  

Banca Popolare di Sondrio SCPA

     531,819        1,455,859  

Biesse SpA

     16,202        352,569  

BPER Banca(a)

     706,083        2,886,677  

Brunello Cucinelli SpA

     27,188        935,685  

Cairo Communication SpA

     305,726        1,294,182  

Cementir Holding SpA

     134,174        947,634  

Cerved Group SpA

     292,742        2,912,329  

CIR-Compagnie Industriali Riunite SpA

     944,272        1,157,821  

Credito Emiliano SpA

     307,646        1,730,656  

Datalogic SpA

     44,675        1,043,397  

doBank SpA(a)(b)

     134,363        1,802,890  

El.En. SpA(a)

     16,832        355,127  

Emak SpA(a)

     57,395        83,522  

Enav SpA(b)

     1,207,644        6,587,462  

Esprinet SpA

     73,706        266,490  

Falck Renewables SpA

     428,487        1,556,444  

Gamenet Group SpA(b)

     132,058        1,337,497  

Geox SpA(a)

     345,521        640,924  

Gima TT SpA(a)(b)

     119,268        954,047  

Gruppo MutuiOnline SpA

     52,585        1,089,972  

Immobiliare Grande Distribuzione SIIQ SpA

     391,292        2,829,492  

La Doria SpA

     10,610        95,903  

Maire Tecnimont SpA

     566,226        2,159,132  

MARR SpA

     101,219        2,304,898  

OVS SpA*(a)(b)

     758,601        1,392,685  

Piaggio & C. SpA

     599,889        1,464,374  

RAI Way SpA(b)

     221,319        1,145,622  

Reply SpA

     12,029      775,288  

SAES Getters SpA

     29,077        718,280  

Salini Impregilo SpA(a)

     645,523        1,503,288  

Saras SpA

     3,047,350        5,649,254  

Societa Cattolica di Assicurazioni SC

     435,503        4,163,873  

Technogym SpA(b)

     92,019        1,133,459  

Tod’s SpA(a)

     39,534        1,833,338  

Unieuro SpA*(b)

     89,327        1,322,968  

Zignago Vetro SpA

     98,950        1,107,727  
     

 

 

 
Total Italy

 

     73,480,685  
Netherlands – 5.0%

 

Accell Group N.V.

     44,060        1,224,451  

AMG Advanced Metallurgical Group N.V.

     8,231        256,378  

Amsterdam Commodities N.V.

     35,585        781,551  

Arcadis N.V.

     119,500        1,862,426  

BE Semiconductor Industries N.V.

     330,934        8,814,096  

Beter Bed Holding N.V.

     10,048        49,530  

BinckBank N.V.

     247,860        1,753,350  

Brunel International N.V.(a)

     33,211        503,801  

Corbion N.V.

     60,904        1,832,746  

ForFarmers N.V.

     136,141        1,120,507  

Intertrust N.V.(b)

     178,206        3,361,656  

Kendrion N.V.

     21,285        470,349  

Koninklijke BAM Groep N.V.(a)

     422,588        1,823,989  

Koninklijke Volkerwessels N.V.

     111,866        2,308,689  

PostNL N.V.

     1,706,264        4,366,287  

SIF Holding N.V.(a)

     17,042        191,739  

Sligro Food Group N.V.

     66,340        2,379,951  

Wessanen

     37,493        457,195  
     

 

 

 
Total Netherlands

 

     33,558,691  
Norway – 7.0%

 

ABG Sundal Collier Holding ASA

     1,722,183        819,935  

American Shipping Co. ASA*

     216,737        804,119  

Atea ASA*

     241,208        3,506,810  

Austevoll Seafood ASA

     314,037        3,719,608  

Borregaard ASA

     115,418        1,145,924  

Entra ASA(b)

     297,974        4,505,111  

Europris ASA*(b)

     650,274        2,080,339  

Grieg Seafood ASA

     215,086        2,612,522  

Hexagon Composites ASA

     53,698        205,149  

Kongsberg Gruppen ASA

     128,659        1,960,154  

Norway Royal Salmon ASA

     69,016        1,602,861  

Ocean Yield ASA(a)

     623,818        4,628,869  

Sbanken ASA(b)

     57,042        518,648  

Scatec Solar ASA(b)

     98,437        1,013,907  

Selvaag Bolig ASA

     288,283        1,439,473  

SpareBank 1 Nord Norge

     357,884        2,647,268  

SpareBank 1 SMN(a)

     364,720        3,701,580  

SpareBank 1 SR-Bank ASA

     435,515        5,026,963  

Sparebanken Vest

     161,568        960,597  

Veidekke ASA

     290,771        3,055,736  

XXL ASA(a)(b)

     263,267        871,279  
     

 

 

 
Total Norway

 

     46,826,852  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2019

 

 

 

Investments    Shares      Value  
Portugal – 3.2%

 

Altri, SGPS, S.A.

     377,955      $ 2,962,219  

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

     111,260        1,329,237  

CTT-Correios de Portugal S.A.

     843,982        2,444,976  

Mota-Engil, SGPS, S.A.*(a)

     580,417        1,329,511  

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

     2,334,102        6,662,191  

Semapa-Sociedade de Investimento e Gestao

     73,322        1,195,426  

Sonae Capital, SGPS, S.A.

     875,095        859,775  

Sonae, SGPS, S.A.

     4,595,595        4,757,671  
     

 

 

 
Total Portugal

 

     21,541,006  
Spain – 4.2%

 

Almirall S.A.

     148,817        2,539,907  

Applus Services S.A.

     87,583        1,046,365  

Atresmedia Corp. de Medios de Comunicacion S.A.(a)

     701,996        3,293,250  

Construcciones y Auxiliar de Ferrocarriles S.A.

     26,504        1,275,217  

Ence Energia y Celulosa S.A.

     312,786        1,742,010  

Ercros S.A.

     39,427        138,833  

Euskaltel S.A.(b)

     351,405        3,276,946  

Faes Farma S.A.

     516,999        2,188,531  

Fluidra S.A.*

     59,178        680,428  

Lar Espana Real Estate Socimi S.A.

     276,678        2,311,369  

Obrascon Huarte Lain S.A.(a)

     1,853,187        2,335,755  

Sacyr S.A.(a)

     684,304        1,732,676  

Talgo S.A.*(b)

     149,093        964,276  

Tecnicas Reunidas S.A.(a)

     157,429        4,431,602  
     

 

 

 
Total Spain

 

     27,957,165  
Sweden – 14.2%

 

Acando AB

     262,521        1,168,924  

AddTech AB Class B

     53,451        1,112,206  

AF Poyry AB Class B(a)

     91,034        1,521,274  

Alimak Group AB(a)(b)

     47,846        682,976  

Ambea AB(a)(b)

     85,459        732,482  

Arjo AB Class B

     276,568        1,019,765  

Atrium Ljungberg AB Class B

     155,378        2,660,186  

Attendo AB(b)

     120,618        608,597  

Avanza Bank Holding AB

     33,746        1,451,668  

Beijer Ref AB

     69,497        1,120,158  

Bergman & Beving AB

     85,364        981,079  

Betsson AB*

     337,708        2,567,954  

Bilia AB Class A

     326,042        2,789,283  

BioGaia AB Class B

     19,549        960,030  

Biotage AB

     48,341        617,077  

Bonava AB Class B

     200,790        2,530,630  

Bravida Holding AB(b)

     223,858        1,977,851  

Bufab AB

     47,191        497,079  

Bulten AB

     65,149        558,402  

Byggmax Group AB(a)

     207,030        681,893  

Catena AB

     48,363        1,342,649  

Clas Ohlson AB Class B(a)

     283,746        2,187,297  

Cloetta AB Class B

     564,559        1,460,806  

Coor Service Management Holding AB(b)

     209,669        1,871,702  

Duni AB

     95,505        1,033,789  

Dustin Group AB(b)

     151,936      1,428,398  

Evolution Gaming Group AB(b)

     30,640        2,419,738  

Fagerhult AB(a)

     100,347        772,458  

Global Gaming 555 AB(a)

     109,877        195,107  

Granges AB

     110,427        1,139,355  

Hemfosa Fastigheter AB

     335,199        2,947,126  

HIQ International AB*

     168,976        1,093,071  

Instalco Intressenter AB

     17,163        146,181  

Inwido AB

     197,361        1,174,553  

ITAB Shop Concept AB Class B(a)

     196,996        430,085  

JM AB(a)

     247,420        4,444,080  

KappAhl AB

     345,337        629,294  

KNOW IT AB

     34,469        739,527  

Kungsleden AB

     384,426        3,067,019  

Lagercrantz Group AB Class B

     84,359        909,502  

LeoVegas AB(a)(b)

     120,412        376,219  

Lindab International AB

     107,714        982,459  

Mycronic AB(a)

     143,841        2,054,805  

NCC AB Class B(a)

     275,106        4,239,906  

NetEnt AB*

     550,140        2,001,792  

New Wave Group AB Class B

     28,368        185,954  

Nobia AB

     428,299        2,516,608  

Nobina AB(b)

     262,280        1,692,394  

Nolato AB Class B

     21,061        877,608  

Nordic Waterproofing Holding A/S(b)

     18,159        162,692  

Paradox Interactive AB(a)

     27,523        427,297  

Peab AB

     750,924        6,505,099  

Platzer Fastigheter Holding AB Class B

     149,392        1,232,142  

Pricer AB Class B

     218,676        269,240  

Ratos AB Class B(a)

     861,454        1,748,858  

Resurs Holding AB(b)

     590,933        3,669,719  

Rottneros AB

     524,141        619,342  

Scandi Standard AB

     143,868        949,265  

Scandic Hotels Group AB(b)

     109,947        983,860  

SkiStar AB

     103,683        1,143,997  

Thule Group AB(b)

     109,330        2,475,316  

Vitrolife AB

     22,499        513,397  

Wihlborgs Fastigheter AB

     236,994        3,237,834  
     

 

 

 
Total Sweden

 

     94,537,054  
Switzerland – 2.0%

 

Ascom Holding AG Registered Shares

     55,462        742,909  

Autoneum Holding AG(a)

     7,399        852,902  

Bobst Group S.A. Registered Shares

     19,127        1,157,146  

Comet Holding AG Registered Shares*(a)

     6,798        580,209  

EFG International AG*

     452,476        2,862,334  

Huber + Suhner AG Registered Shares

     17,943        1,295,413  

Implenia AG Registered Shares

     27,234        811,086  

Kudelski S.A. Bearer Shares*(a)

     34,101        204,763  

Mobilezone Holding AG Registered Shares

     143,225        1,436,708  

Oriflame Holding AG

     98,815        1,901,661  

Swissquote Group Holding S.A. Registered Shares

     13,485        491,521  

u-blox Holding AG*

     4,147        314,804  

Ypsomed Holding AG Registered Shares*

     5,730        733,583  
     

 

 

 
Total Switzerland

 

     13,385,039  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2019

 

 

 

Investments    Shares      Value  
United Kingdom – 25.9%

 

A.G. Barr PLC

     125,251      $ 1,317,092  

AA PLC

     729,178        864,642  

Aggreko PLC

     343,814        3,526,711  

Ascential PLC

     188,258        874,774  

BCA Marketplace PLC

     832,180        2,142,720  

Biffa PLC(b)

     158,106        457,365  

Big Yellow Group PLC

     176,965        2,286,343  

Bodycote PLC

     110,841        1,188,671  

Bovis Homes Group PLC

     173,364        2,402,468  

Brewin Dolphin Holdings PLC

     406,347        1,653,070  

Card Factory PLC

     1,371,134        3,221,342  

Central Asia Metals PLC

     386,315        1,193,029  

Chesnara PLC

     235,703        1,160,962  

Civitas Social Housing PLC

     982,068        1,228,497  

Clipper Logistics PLC(a)

     47,188        163,559  

CMC Markets PLC(b)

     493,036        533,877  

Coats Group PLC

     752,430        775,539  

Computacenter PLC

     85,245        1,228,529  

Concentric AB

     53,845        853,365  

ContourGlobal PLC(b)

     193,817        435,907  

Costain Group PLC

     174,896        763,459  

Countryside Properties PLC(b)

     401,631        1,699,826  

Cranswick PLC

     25,242        895,309  

Crest Nicholson Holdings PLC

     689,501        3,324,282  

Dairy Crest Group PLC

     252,549        2,043,612  

Dart Group PLC

     27,609        285,469  

De La Rue PLC

     187,732        943,027  

DFS Furniture PLC

     336,259        1,097,597  

Dignity PLC

     45,722        407,812  

Diploma PLC

     73,935        1,404,652  

Domino’s Pizza Group PLC

     439,214        1,385,010  

Drax Group PLC

     539,769        2,661,462  

Dunelm Group PLC

     334,201        3,786,505  

Eco Animal Health Group PLC

     28,540        163,632  

Elementis PLC

     348,289        737,487  

EMIS Group PLC

     77,153        1,055,610  

Equiniti Group PLC(b)

     333,184        903,044  

Essentra PLC

     378,128        2,034,933  

Euromoney Institutional Investor PLC

     59,922        982,264  

FDM Group Holdings PLC

     88,180        1,032,978  

Ferrexpo PLC

     487,882        1,574,079  

Forterra PLC(b)

     273,886        1,051,033  

Galliford Try PLC

     261,036        2,267,054  

Games Workshop Group PLC

     44,880        1,839,224  

Gamma Communications PLC

     29,704        378,543  

Genus PLC

     21,117        610,867  

Go-Ahead Group PLC (The)

     96,873        2,475,378  

Greene King PLC

     566,286        4,909,981  

Greggs PLC

     113,190        2,712,383  

Halfords Group PLC

     356,970        1,079,148  

Hastings Group Holdings PLC(b)

     1,120,822        3,163,416  

Headlam Group PLC

     169,889        987,328  

Helical PLC

     180,805        778,652  

Hill & Smith Holdings PLC

     54,771      887,121  

Hilton Food Group PLC

     73,722        912,603  

Hochschild Mining PLC

     285,380        768,272  

Huntsworth PLC

     179,396        201,035  

Ibstock PLC(b)

     424,265        1,325,707  

Inland Homes PLC(a)

     334,325        261,385  

Inmarsat PLC

     758,108        5,482,584  

ITE Group PLC

     649,017        591,991  

J D Wetherspoon PLC

     41,234        703,863  

James Fisher & Sons PLC

     31,972        823,224  

James Halstead PLC(a)

     141,390        819,860  

John Laing Group PLC(b)

     345,630        1,711,419  

John Menzies PLC

     134,161        853,115  

Johnson Service Group PLC

     465,724        843,538  

Kcom Group PLC

     880,613        806,681  

Keller Group PLC

     76,286        613,326  

Kier Group PLC(a)

     238,556        1,129,009  

Lookers PLC

     627,124        825,346  

M&C Saatchi PLC(a)

     71,262        348,217  

Marshalls PLC

     259,258        2,089,455  

Marston’s PLC

     1,988,901        2,661,613  

McCarthy & Stone PLC(b)

     880,088        1,472,490  

McColl’s Retail Group PLC(a)

     254,274        240,547  

Mears Group PLC

     237,429        788,924  

Millennium & Copthorne Hotels PLC

     144,439        858,244  

MJ Gleeson PLC

     80,502        843,381  

Moneysupermarket.com Group PLC

     666,246        3,230,394  

Morgan Advanced Materials PLC

     274,719        869,874  

Morgan Sindall Group PLC

     48,574        793,711  

N Brown Group PLC

     778,117        998,210  

NCC Group PLC

     335,773        612,541  

Norcros PLC

     18,732        46,743  

Northgate PLC

     236,577        1,152,936  

Numis Corp. PLC

     196,159        639,013  

OneSavings Bank PLC

     287,180        1,435,470  

Pagegroup PLC

     482,158        2,952,898  

PayPoint PLC

     124,914        1,394,932  

Pendragon PLC

     3,052,931        1,113,874  

Pets at Home Group PLC

     1,087,878        2,248,250  

Photo-Me International PLC

     1,042,374        1,083,896  

Polar Capital Holdings PLC

     154,051        1,047,843  

Polypipe Group PLC

     215,914        1,133,828  

Premier Asset Management Group PLC

     63,522        185,410  

PZ Cussons PLC

     653,929        1,671,825  

QinetiQ Group PLC

     429,402        1,685,312  

Rank Group PLC

     587,832        1,205,644  

Redde PLC

     666,350        1,033,262  

Renewi PLC

     1,161,613        355,705  

Restaurant Group PLC (The)

     694,091        1,067,234  

RPS Group PLC

     338,857        826,577  

RWS Holdings PLC

     160,447        1,007,720  

Safestore Holdings PLC

     211,129        1,641,042  

Saga PLC

     2,828,316        4,098,208  

Savills PLC

     158,993        1,873,906  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Senior PLC

     303,864      $ 863,963  

SIG PLC

     533,897        987,886  

Soco International PLC

     633,390        567,833  

Softcat PLC

     105,223        1,138,020  

Spire Healthcare Group PLC(b)

     351,482        593,566  

Spirent Communications PLC

     634,503        1,188,923  

St. Modwen Properties PLC

     160,934        832,110  

Staffline Group PLC

     21,914        248,429  

Stagecoach Group PLC

     1,674,793        3,352,074  

SThree PLC

     191,626        671,689  

Stock Spirits Group PLC

     286,311        858,079  

Superdry PLC

     71,496        510,533  

Synthomer PLC

     256,902        1,270,065  

TalkTalk Telecom Group PLC(a)

     2,099,979        3,018,226  

TBC Bank Group PLC

     55,970        1,126,066  

Ted Baker PLC

     39,109        793,972  

Telecom Plus PLC

     128,055        2,536,304  

Topps Tiles PLC

     136,480        135,159  

Trifast PLC

     33,073        82,097  

TT Electronics PLC

     219,159        621,126  

Tyman PLC

     261,410        824,326  

U & I Group PLC

     46,700        113,916  

Ultra Electronics Holdings PLC

     76,443        1,589,761  

Vesuvius PLC

     263,539        2,038,106  

Watkin Jones PLC

     372,794        1,068,693  

Wincanton PLC

     248,646        766,256  

Xaar PLC

     37,319        51,449  

XPS Pensions Group PLC

     31,115        55,951  
     

 

 

 
Total United Kingdom

 

     173,117,304  

TOTAL COMMON STOCKS

(Cost: $759,090,722)

 

 

     660,495,453  
RIGHTS – 0.0%

 

Sweden – 0.0%

 

AF Poyry AB, expiring 4/12/19*(a)

    
(Cost: $0)     91,034      $ 186,479  
EXCHANGE-TRADED FUND – 0.5%

 

United States – 0.5%

 

WisdomTree International MidCap Dividend Fund(c)

    
(Cost: $3,109,614)     50,468        3,133,558  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.4%

 

United States – 7.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(d)

    
(Cost: $49,222,738)(e)     49,222,738        49,222,738  

TOTAL INVESTMENTS IN SECURITIES – 106.8%

(Cost: $811,423,074)

 

 

     713,038,228  

Other Assets less Liabilities – (6.8)%

 

     (45,636,140
    

 

 

 
NET ASSETS – 100.0%

 

   $ 667,402,088  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(e) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $59,533,467. The Fund also had securities on loan having a total market value of $711,056 that were sold and pending settlement. The total market value of the collateral held by the Fund was $63,742,201. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $14,519,463.

 

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

Bank of Montreal

    4/1/2019       497,000       GBP       648,838       USD     $     $ (1,222

Barclays Bank PLC

    4/1/2019       902,000       EUR       1,012,531       USD       280        

Citibank N.A.

    4/2/2019       478,000       DKK       71,815       USD       80        

Citibank N.A.

    4/2/2019       30,000       GBP       39,066       USD       25        

Goldman Sachs

    4/1/2019       5,699,000       NOK       659,778       USD       2,004        

Goldman Sachs

    4/1/2019       2,262,000       SEK       243,460       USD       413        

Goldman Sachs

    4/2/2019       69,000       CHF       69,304       USD             (20

Royal Bank of Canada

    4/2/2019       5,150,000       NOK       597,143       USD       888        

Societe Generale

    4/1/2019       179,000       CHF       179,732       USD       5        

State Street Bank and Trust

    4/1/2019       2,820,000       DKK       424,055       USD       91        
                                            $ 3,786     $ (1,242

 

CURRENCY LEGEND
CHF   Swiss franc
DKK   Danish krone
EUR   Euro
GBP   British pound
  NOK   Norwegian krone
  SEK   Swedish krona
  USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
Australia – 10.9%      

Amcor Ltd.

     192,176      $ 2,100,923  

BHP Group Ltd.

     76,005        2,078,081  

BHP Group PLC

     92,677        2,232,421  

Rio Tinto Ltd.

     33,562        2,334,249  

South32 Ltd.

     633,514        1,678,562  

Telstra Corp., Ltd.

     1,797,002        4,237,980  

Wesfarmers Ltd.

     65,628        1,615,343  

Woodside Petroleum Ltd.

     71,536        1,759,236  

Woolworths Group Ltd.

     70,940        1,531,923  
     

 

 

 
Total Australia

 

     19,568,718  
Belgium – 1.0%

 

Anheuser-Busch InBev S.A./N.V.

     21,869        1,835,777  
China – 2.6%

 

China Mobile Ltd.

     245,500        2,501,927  

CNOOC Ltd.

     1,106,000        2,071,121  
     

 

 

 
Total China

 

     4,573,048  
Denmark – 1.6%

 

Coloplast A/S Class B

     12,373        1,358,887  

Novo Nordisk A/S Class B

     28,142        1,474,686  
     

 

 

 
Total Denmark

 

     2,833,573  
Finland – 3.2%

 

Fortum Oyj(a)

     110,414        2,260,125  

Kone Oyj Class B

     36,006        1,817,703  

Nokia Oyj

     303,636        1,729,918  
     

 

 

 
Total Finland

 

     5,807,746  
France – 8.4%

 

Bouygues S.A.

     46,235        1,653,492  

Carrefour S.A.

     117,306        2,193,089  

Engie S.A.

     153,521        2,289,220  

Publicis Groupe S.A.

     23,455        1,257,039  

Renault S.A.

     18,853        1,247,071  

Sanofi

     27,740        2,452,582  

Sodexo S.A.

     15,741        1,734,956  

TOTAL S.A.

     38,413        2,135,898  
     

 

 

 
Total France

 

     14,963,347  
Germany – 9.4%

 

BASF SE

     17,455        1,284,345  

Bayer AG Registered Shares

     11,287        730,000  

Bayerische Motoren Werke AG

     22,493        1,736,368  

Daimler AG Registered Shares

     39,176        2,298,413  

Deutsche Post AG Registered Shares

     48,005        1,563,170  

Deutsche Telekom AG Registered Shares

     146,986        2,441,814  

Evonik Industries AG

     52,173        1,422,382  

Innogy SE

     52,870        2,264,778  

Telefonica Deutschland Holding AG

     831,582        2,613,543  

United Internet AG Registered Shares

     10,895        397,954  
     

 

 

 
Total Germany

 

     16,752,767  
Hong Kong – 1.3%

 

Power Assets Holdings Ltd.

     348,500        2,417,318  
Italy – 3.4%

 

Eni SpA

     138,042      2,441,877  

Snam SpA

     703,664        3,617,909  
     

 

 

 
Total Italy

 

     6,059,786  
Japan – 12.3%

 

Bridgestone Corp.

     43,900        1,691,986  

Canon, Inc.

     60,700        1,762,019  

FUJIFILM Holdings Corp.

     22,300        1,014,213  

Fujitsu Ltd.

     12,200        880,239  

Hitachi Ltd.

     25,200        816,208  

Japan Tobacco, Inc.

     79,700        1,976,569  

Marubeni Corp.

     220,700        1,525,369  

Mitsubishi Corp.

     60,300        1,674,682  

Murata Manufacturing Co., Ltd.

     14,400        717,105  

Nissan Motor Co., Ltd.(a)

     238,400        1,956,136  

Nomura Research Institute Ltd.

     15,500        704,386  

Sekisui House Ltd.

     108,900        1,802,456  

Subaru Corp.(a)

     67,500        1,538,318  

Takeda Pharmaceutical Co., Ltd.

     49,100        2,005,521  

Tokyo Electron Ltd.(a)

     8,500        1,228,712  

Yahoo Japan Corp.

     309,900        758,756  
     

 

 

 
Total Japan

 

     22,052,675  
Netherlands – 1.5%

 

Koninklijke Ahold Delhaize N.V.

     64,705        1,723,716  

Koninklijke Philips N.V.

     25,793        1,051,743  
     

 

 

 
Total Netherlands

 

     2,775,459  
Norway – 0.7%

 

Equinor ASA

     61,080        1,339,467  
Portugal – 2.1%

 

EDP – Energias de Portugal S.A.

     586,214        2,307,097  

Galp Energia, SGPS, S.A.

     90,337        1,448,490  
     

 

 

 
Total Portugal

 

     3,755,587  
Singapore – 1.3%

 

Singapore Telecommunications Ltd.

     1,082,300        2,413,102  
Spain – 10.0%

 

Aena SME S.A.(b)

     10,326        1,860,925  

Endesa S.A.

     149,887        3,827,156  

Ferrovial S.A.

     94,567        2,217,133  

Iberdrola S.A.

     329,561        2,895,992  

Naturgy Energy Group S.A.

     90,057        2,520,934  

Repsol S.A.

     124,165        2,127,529  

Telefonica S.A.

     289,352        2,426,669  
     

 

 

 
Total Spain

 

     17,876,338  
Sweden – 3.5%

 

Hennes & Mauritz AB Class B

     231,325        3,865,684  

Telia Co. AB

     517,799        2,341,883  
     

 

 

 
Total Sweden

 

     6,207,567  
Switzerland – 7.9%

 

ABB Ltd. Registered Shares

     72,762        1,366,982  

Kuehne + Nagel International AG Registered Shares

     12,083        1,657,333  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2019

 

 

 

Investments    Shares      Value  

LafargeHolcim Ltd. Registered Shares*

     36,876      $ 1,821,398  

Nestle S.A. Registered Shares

     20,167        1,921,727  

Novartis AG Registered Shares

     24,210        2,328,380  

Roche Holding AG Genusschein

     8,854        2,439,095  

Swisscom AG Registered Shares(a)

     5,388        2,634,759  
     

 

 

 
Total Switzerland

 

     14,169,674  
United Kingdom – 18.0%

 

Anglo American PLC

     87,296        2,335,879  

AstraZeneca PLC

     24,894        1,990,080  

BP PLC

     327,085        2,380,373  

British American Tobacco PLC

     45,315        1,885,984  

BT Group PLC

     1,290,248        3,748,365  

GlaxoSmithKline PLC

     121,716        2,532,558  

Imperial Brands PLC

     87,880        3,005,369  

National Grid PLC

     241,091        2,672,820  

Rio Tinto PLC

     43,887        2,551,111  

Royal Dutch Shell PLC Class A

     74,796        2,352,269  

SSE PLC

     178,573        2,762,026  

Unilever PLC

     27,380        1,568,027  

Vodafone Group PLC

     1,344,868        2,449,898  
     

 

 

 
Total United Kingdom

 

     32,234,759  
TOTAL COMMON STOCKS
(Cost: $191,658,497)
              177,636,708  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.5%

 

United States – 3.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $6,169,610)(d)      6,169,610      6,169,610  

TOTAL INVESTMENTS IN SECURITIES – 102.6%

(Cost: $197,828,107)

        183,806,318  

Other Assets less Liabilities – (2.6)%

        (4,617,365
     

 

 

 
NET ASSETS – 100.0%             $ 179,188,953  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(d)

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $9,092,582. The total market value of the collateral held by the Fund was $10,105,638. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,936,028.

 

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
 

Deutsche Bank AG

    4/2/2019        85,266       USD        75,982       EUR      $      $ (51

HSBC Holdings PLC

    4/1/2019        34,819       USD        49,213       AUD               (139
                                               $      $ (190

 

CURRENCY LEGEND
AUD   Australian dollar
EUR   Euro
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 7.7%      

Adelaide Brighton Ltd.

     88,414      $ 282,622  

AGL Energy Ltd.

     54,515        843,037  

Alumina Ltd.

     341,830        587,622  

Amcor Ltd.

     70,999        776,181  

AMP Ltd.

     334,400        498,836  

Aristocrat Leisure Ltd.

     22,009        383,192  

ASX Ltd.

     15,198        753,985  

Aurizon Holdings Ltd.

     186,026        601,253  

AusNet Services

     491,558        619,791  

Australia & New Zealand Banking Group Ltd.

     211,823        3,916,694  

Bank of Queensland Ltd.

     68,094        440,172  

Bendigo & Adelaide Bank Ltd.

     59,451        408,796  

BHP Group Ltd.

     179,512        4,908,103  

BHP Group PLC

     134,908        3,249,690  

Boral Ltd.

     86,392        281,682  

Brambles Ltd.

     93,067        777,455  

Caltex Australia Ltd.

     23,470        436,971  

carsales.com Ltd.

     35,190        316,215  

CIMIC Group Ltd.

     17,978        616,313  

Cleanaway Waste Management Ltd.

     205,209        323,610  

Coca-Cola Amatil Ltd.

     84,353        518,309  

Cochlear Ltd.

     3,266        402,010  

Commonwealth Bank of Australia

     134,702        6,759,227  

Crown Resorts Ltd.

     71,302        582,974  

CSL Ltd.

     10,158        1,406,635  

Flight Centre Travel Group Ltd.

     8,122        242,606  

Fortescue Metals Group Ltd.

     366,945        1,853,288  

Harvey Norman Holdings Ltd.(a)

     181,656        518,738  

Iluka Resources Ltd.

     38,359        245,235  

Insurance Australia Group Ltd.

     155,029        845,759  

IOOF Holdings Ltd.(a)

     49,274        214,211  

JB Hi-Fi Ltd.(a)

     25,098        444,818  

Macquarie Group Ltd.

     23,073        2,121,181  

Magellan Financial Group Ltd.

     19,831        513,188  

Medibank Pvt Ltd.

     251,102        492,302  

National Australia Bank Ltd.

     251,113        4,507,614  

New Hope Corp., Ltd.

     78,459        167,757  

Orica Ltd.

     21,339        267,238  

Perpetual Ltd.

     9,853        270,724  

Premier Investments Ltd.

     33,074        382,014  

Qantas Airways Ltd.

     78,927        317,332  

QBE Insurance Group Ltd.

     86,907        759,950  

Ramsay Health Care Ltd.

     8,692        397,320  

REA Group Ltd.

     6,690        354,992  

Rio Tinto Ltd.

     27,373        1,903,802  

Sonic Healthcare Ltd.

     29,282        510,859  

South32 Ltd.

     311,416        825,129  

Star Entertainment Group Ltd. (The)

     109,552        325,289  

Suncorp Group Ltd.

     86,785        849,506  

Tabcorp Holdings Ltd.

     144,053        472,756  

Telstra Corp., Ltd.

     1,357,742        3,202,047  

Treasury Wine Estates Ltd.

     39,745        421,517  

Wesfarmers Ltd.

     83,410      2,053,022  

Westpac Banking Corp.

     285,754        5,261,379  

Woodside Petroleum Ltd.

     56,852        1,398,122  

Woolworths Group Ltd.

     70,768        1,528,209  
     

 

 

 
Total Australia

 

     64,359,279  
Austria – 0.4%

 

Andritz AG

     8,651        371,455  

Erste Group Bank AG*

     20,968        771,299  

Lenzing AG

     2,656        284,808  

Oesterreichische Post AG

     10,890        460,989  

OMV AG

     15,391        835,920  

Telekom Austria AG*

     28,337        206,182  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     11,635        299,174  

Voestalpine AG

     10,215        310,490  
     

 

 

 
Total Austria

 

     3,540,317  
Belgium – 1.8%

 

Ageas

     15,267        737,130  

Anheuser-Busch InBev S.A./N.V.

     104,037        8,733,309  

Bekaert S.A.

     5,991        140,863  

bpost S.A.(a)

     30,394        328,140  

Euronav N.V.

     42,715        347,968  

KBC Group N.V.

     24,013        1,679,255  

Proximus SADP

     36,081        1,041,603  

Solvay S.A.

     5,321        575,840  

UCB S.A.

     6,519        560,409  

Umicore S.A.

     13,999        622,306  
     

 

 

 
Total Belgium

 

     14,766,823  
China – 3.4%

 

Beijing Enterprises Holdings Ltd.

     78,000        442,168  

China Aerospace International Holdings Ltd.(a)

     1,346,000        97,736  

China Jinmao Holdings Group Ltd.

     728,000        474,826  

China Mobile Ltd.

     1,319,481        13,447,026  

China Overseas Land & Investment Ltd.

     425,175        1,614,050  

China Power International Development Ltd.

     1,789,866        458,300  

China Resources Power Holdings Co., Ltd.

     476,000        715,520  

China South City Holdings Ltd.

     3,090,000        495,978  

China Unicom Hong Kong Ltd.

     314,000        398,003  

CITIC Ltd.

     1,259,000        1,879,691  

CNOOC Ltd.

     2,360,700        4,420,702  

Fosun International Ltd.

     304,487        515,886  

Guangdong Investment Ltd.

     406,000        784,076  

Lenovo Group Ltd.

     1,081,003        972,220  

Shanghai Industrial Holdings Ltd.

     214,000        503,789  

Shenzhen Investment Ltd.

     1,218,000        465,481  

Sino-Ocean Group Holding Ltd.

     1,410,000        617,889  

Sun Art Retail Group Ltd.

     331,500        323,056  
     

 

 

 
Total China

 

     28,626,397  
Denmark – 1.4%

 

AP Moller – Maersk A/S Class B

     282        358,064  

Carlsberg A/S Class B

     3,591        448,939  

Chr Hansen Holding A/S

     7,117        722,121  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Coloplast A/S Class B

     8,094      $ 888,938  

Danske Bank A/S

     57,540        1,010,833  

H. Lundbeck A/S(a)

     5,426        235,038  

ISS A/S

     8,493        258,674  

Novo Nordisk A/S Class B

     76,154        3,990,593  

Novozymes A/S Class B

     7,485        344,492  

Orsted A/S(b)

     13,983        1,060,821  

Pandora A/S

     6,467        303,087  

SimCorp A/S

     4,425        427,615  

Sydbank A/S

     8,577        178,025  

Tryg A/S

     24,495        672,736  

Vestas Wind Systems A/S

     6,840        576,117  
     

 

 

 
Total Denmark

 

     11,476,093  
Finland – 1.8%

 

Elisa Oyj

     16,441        742,492  

Fortum Oyj(a)

     69,665        1,426,011  

Kesko Oyj Class B

     8,758        533,392  

Kone Oyj Class B

     19,878        1,003,508  

Metsa Board Oyj(a)

     22,389        137,387  

Metso Oyj

     11,319        389,674  

Neste Oyj(a)

     10,182        1,086,121  

Nokia Oyj

     303,215        1,727,519  

Nokian Renkaat Oyj(a)

     11,329        379,588  

Nordea Bank Abp(a)

     420,700        3,209,009  

Orion Oyj Class B(a)

     11,459        430,006  

Outokumpu Oyj(a)

     35,257        128,187  

Sampo Oyj Class A

     31,097        1,411,007  

Stora Enso Oyj Class R

     33,617        411,252  

UPM-Kymmene Oyj

     35,305        1,030,698  

Valmet Oyj(a)

     13,596        344,407  

Wartsila Oyj Abp

     18,566        299,882  
     

 

 

 
Total Finland

 

     14,690,140  
France – 11.0%

 

Accor S.A.

     11,547        468,186  

Aeroports de Paris

     4,291        830,649  

Air Liquide S.A.

     12,998        1,654,321  

Airbus SE

     19,224        2,544,950  

ALD S.A.(b)

     19,295        269,734  

Amundi S.A.(b)

     9,350        588,974  

Atos SE

     2,894        279,459  

AXA S.A.

     172,363        4,341,052  

BNP Paribas S.A.

     89,692        4,291,281  

Bouygues S.A.

     23,511        840,818  

Bureau Veritas S.A.

     12,204        286,398  

Capgemini SE

     6,667        809,241  

Carrefour S.A.

     52,812        987,344  

Casino Guichard Perrachon S.A.(a)

     17,497        759,337  

Christian Dior SE

     4,128        1,968,537  

Cie de Saint-Gobain

     26,998        979,468  

Cie Generale des Etablissements Michelin SCA

     8,281        980,043  

Cie Plastic Omnium S.A.

     8,090        215,560  

CNP Assurances

     34,409        758,041  

Coface S.A.

     22,665        200,541  

Covivio

     3,608      383,248  

Credit Agricole S.A.

     201,642        2,438,476  

Danone S.A.

     26,231        2,023,159  

Edenred

     14,171        645,546  

Eiffage S.A.

     4,137        397,910  

Electricite de France S.A.

     176,303        2,413,154  

Elis S.A.

     10,320        166,053  

Engie S.A.

     185,985        2,773,305  

EssilorLuxottica S.A.

     10,072        1,101,304  

Eurazeo SE

     3,895        293,025  

Eutelsat Communications S.A.

     26,448        463,127  

Getlink SE

     19,246        292,064  

Hermes International

     1,335        881,715  

ICADE

     4,282        362,526  

Imerys S.A.

     4,013        200,247  

JCDecaux S.A.

     11,026        335,760  

Kering S.A.

     2,943        1,689,285  

Klepierre S.A.

     21,788        762,808  

Korian S.A.

     104        4,213  

L’Oreal S.A.

     14,554        3,918,801  

Lagardere SCA

     14,929        384,209  

Legrand S.A.

     6,985        467,920  

LVMH Moet Hennessy Louis Vuitton SE

     13,063        4,809,568  

Metropole Television S.A.

     20,917        386,121  

Natixis S.A.

     206,327        1,105,318  

Nexity S.A.

     6,084        297,167  

Orange S.A.

     152,648        2,485,311  

Pernod Ricard S.A.

     6,927        1,244,477  

Peugeot S.A.

     32,670        797,499  

Publicis Groupe S.A.

     12,736        682,568  

Remy Cointreau S.A.

     3,270        436,567  

Renault S.A.

     16,055        1,061,991  

Rexel S.A.

     19,576        221,018  

Rubis SCA

     5,068        276,677  

Safran S.A.

     11,607        1,593,274  

Sanofi

     77,265        6,831,246  

Schneider Electric SE

     24,097        1,892,389  

SCOR SE

     16,004        682,145  

SEB S.A.

     1,548        260,726  

Societe BIC S.A.

     3,193        284,849  

Societe Generale S.A.

     62,747        1,815,990  

Sodexo S.A.

     6,585        725,792  

SPIE S.A.

     10,516        186,092  

Suez

     49,482        656,174  

Thales S.A.

     6,964        834,734  

TOTAL S.A.

     172,233        9,576,762  

Unibail-Rodamco-Westfield(a)

     6,150        1,009,174  

Valeo S.A.

     10,326        299,719  

Veolia Environnement S.A.

     34,601        774,315  

Vinci S.A.

     25,728        2,505,227  

Vivendi S.A.

     42,998        1,247,080  

Wendel S.A.

     2,177        274,511  
     

 

 

 
Total France

 

     91,706,270  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments    Shares      Value  
Germany – 7.3%

 

1&1 Drillisch AG

     8,000      $ 285,114  

Aareal Bank AG

     10,836        334,355  

adidas AG

     4,422        1,075,471  

Allianz SE Registered Shares

     23,945        5,331,083  

AURELIUS Equity Opportunities SE & Co. KGaA

     5,283        240,721  

Aurubis AG

     3,433        184,141  

Axel Springer SE

     8,661        447,739  

BASF SE

     43,991        3,236,873  

Bayer AG Registered Shares

     32,868        2,125,776  

Bayerische Motoren Werke AG

     38,759        2,992,037  

Beiersdorf AG

     4,616        480,678  

Brenntag AG

     6,966        359,019  

Continental AG

     5,732        863,735  

Covestro AG(b)

     8,592        472,922  

Daimler AG Registered Shares

     90,045        5,282,842  

Deutsche Bank AG Registered Shares

     37,066        302,158  

Deutsche Boerse AG

     6,673        856,424  

Deutsche Lufthansa AG Registered Shares

     25,128        552,026  

Deutsche Post AG Registered Shares

     65,762        2,141,385  

Deutsche Telekom AG Registered Shares

     298,546        4,959,615  

Deutsche Wohnen SE Bearer Shares

     11,488        557,637  

Duerr AG

     2,913        114,349  

E.ON SE

     101,066        1,124,833  

Evonik Industries AG

     22,527        614,149  

Fielmann AG

     6,271        433,046  

Fraport AG Frankfurt Airport Services Worldwide

     4,110        314,922  

Freenet AG

     20,126        432,874  

Fresenius Medical Care AG & Co. KGaA

     5,978        482,621  

Fresenius SE & Co. KGaA

     8,813        492,409  

GEA Group AG

     10,078        264,231  

Hannover Rueck SE

     7,331        1,053,646  

HeidelbergCement AG

     5,334        384,272  

Hella GmbH & Co. KGaA

     6,042        265,943  

Henkel AG & Co. KGaA

     5,820        553,840  

Hochtief AG

     1,926        278,977  

Hugo Boss AG

     4,405        301,122  

Indus Holding AG

     5,296        255,407  

Infineon Technologies AG

     26,846        533,097  

Innogy SE

     34,260        1,467,586  

KION Group AG

     3,411        178,442  

LANXESS AG

     2,633        140,550  

LEG Immobilien AG

     3,432        421,779  

MAN SE

     3,953        324,907  

Merck KGaA

     5,017        572,629  

METRO AG

     34,988        581,044  

MTU Aero Engines AG

     2,847        645,105  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     9,669        2,290,792  

OSRAM Licht AG

     4,953        170,626  

ProSiebenSat.1 Media SE

     29,791        425,494  

Rheinmetall AG

     2,554        266,357  

RWE AG

     21,455        575,769  

SAP SE

     26,497        3,064,472  

Siemens AG Registered Shares

     36,812      3,965,618  

Symrise AG

     7,015        632,664  

Talanx AG

     12,007        463,244  

Telefonica Deutschland Holding AG

     340,299        1,069,511  

ThyssenKrupp AG

     9,497        130,577  

TUI AG

     39,723        381,355  

Uniper SE

     18,326        553,325  

Volkswagen AG

     9,124        1,486,532  

Wacker Neuson SE

     10,251        244,019  
     

 

 

 
Total Germany

 

     61,033,886  
Hong Kong – 2.9%

 

AIA Group Ltd.

     230,165        2,291,403  

Bank of East Asia Ltd. (The)

     157,858        512,790  

BOC Hong Kong Holdings Ltd.

     462,444        1,914,589  

CLP Holdings Ltd.

     123,500        1,431,665  

Dah Sing Financial Holdings Ltd.

     49,200        257,910  

Galaxy Entertainment Group Ltd.

     88,000        599,189  

Hang Lung Group Ltd.

     161,000        516,844  

Hang Lung Properties Ltd.

     230,000        561,379  

Hang Seng Bank Ltd.

     97,900        2,415,714  

Henderson Land Development Co., Ltd.

     186,509        1,185,587  

Hong Kong & China Gas Co., Ltd.

     543,517        1,303,064  

Hong Kong Exchanges & Clearing Ltd.

     30,135        1,050,317  

Hopewell Holdings Ltd.

     63,500        312,244  

Hysan Development Co., Ltd.

     49,000        262,479  

MTR Corp., Ltd.

     213,335        1,320,783  

New World Development Co., Ltd.

     568,772        943,371  

PCCW Ltd.

     1,565,000        972,898  

Power Assets Holdings Ltd.

     151,000        1,047,389  

Sino Land Co., Ltd.

     356,400        689,196  

Sun Hung Kai Properties Ltd.

     115,000        1,973,325  

Swire Pacific Ltd. Class A

     50,500        649,749  

Swire Properties Ltd.

     214,200        920,929  

Wharf Holdings Ltd. (The)

     236,000        712,514  

Wheelock & Co., Ltd.

     57,000        417,519  
     

 

 

 
Total Hong Kong

 

     24,262,847  
Ireland – 0.4%

 

AIB Group PLC

     168,034        755,085  

CRH PLC

     22,573        700,820  

DCC PLC

     5,291        457,446  

Kerry Group PLC Class A

     5,528        617,608  

Kingspan Group PLC

     7,530        348,856  

Paddy Power Betfair PLC

     3,232        249,497  

Smurfit Kappa Group PLC

     8,311        232,180  
     

 

 

 
Total Ireland

 

     3,361,492  
Israel – 0.4%

 

Bank Hapoalim BM

     86,022        569,554  

Bezeq Israeli Telecommunication Corp., Ltd.

     498,682        357,934  

Delek Automotive Systems Ltd.

     46,554        179,579  

Harel Insurance Investments & Financial Services Ltd.

     56,658        373,104  

Israel Chemicals Ltd.

     92,437        480,860  

Mediterranean Towers Ltd.

     262,079        471,538  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Naphtha Israel Petroleum Corp., Ltd.

     36,979      $ 234,752  

Paz Oil Co., Ltd.

     3,994        596,676  

Strauss Group Ltd.

     20,760        497,414  
     

 

 

 
Total Israel

 

     3,761,411  
Italy – 3.4%

 

A2A SpA

     236,010        431,029  

ACEA SpA

     21,000        355,348  

Ascopiave SpA

     121,344        478,923  

Assicurazioni Generali SpA

     118,081        2,187,689  

Azimut Holding SpA(a)

     18,644        317,156  

Banca Generali SpA

     11,834        294,724  

Banca Mediolanum SpA

     72,525        514,260  

Brembo SpA

     18,153        206,073  

Cementir Holding SpA

     29,395        207,609  

Datalogic SpA

     8,681        202,747  

Davide Campari-Milano SpA

     39,230        385,432  

De’ Longhi SpA

     12,779        345,234  

Enel SpA

     524,592        3,359,873  

Eni SpA

     275,124        4,866,772  

ERG SpA

     22,801        431,907  

Ferrari N.V.

     1,751        234,950  

FinecoBank Banca Fineco SpA

     45,279        596,117  

Hera SpA

     91,150        329,969  

Infrastrutture Wireless Italiane SpA(b)

     38,330        343,020  

Intesa Sanpaolo SpA

     1,607,167        3,917,802  

Iren SpA

     99,636        254,407  

Italgas SpA

     70,486        435,615  

MARR SpA

     13,525        307,983  

Mediobanca Banca di Credito Finanziario SpA

     56,342        585,948  

Piaggio & C. SpA

     129,061        315,048  

Poste Italiane SpA(b)

     112,501        1,095,462  

Prysmian SpA

     10,458        198,042  

Recordati SpA

     9,935        387,208  

Snam SpA

     292,733        1,505,095  

Societa Cattolica di Assicurazioni SC

     29,647        283,457  

Telecom Italia SpA RSP

     1,124,510        639,409  

Terna Rete Elettrica Nazionale SpA

     144,709        917,724  

UniCredit SpA

     62,267        799,006  

Unione di Banche Italiane SpA(a)

     71,270        188,700  

UnipolSai Assicurazioni SpA(a)

     339,411        916,183  
     

 

 

 
Total Italy

 

     28,835,921  
Japan – 16.9%

 

Aeon Co., Ltd.

     35,200        736,692  

AGC, Inc.

     12,400        434,675  

Aisin Seiki Co., Ltd.

     16,300        582,432  

AIT Corp.

     36,800        370,045  

Amada Holdings Co., Ltd.

     53,700        531,251  

ANA Holdings, Inc.

     9,100        333,712  

Aozora Bank Ltd.

     12,400        306,513  

Asahi Group Holdings Ltd.

     14,700        654,750  

Asahi Kasei Corp.

     61,600        635,562  

Astellas Pharma, Inc.

     77,800        1,165,752  

Azbil Corp.

     20,900        488,866  

Bandai Namco Holdings, Inc.

     12,700      595,501  

Bridgestone Corp.

     42,500        1,638,027  

Brother Industries Ltd.

     21,000        388,562  

Canon, Inc.

     80,000        2,322,266  

Chiba Bank Ltd. (The)

     62,800        340,993  

Chubu Electric Power Co., Inc.

     34,400        537,204  

Chugai Pharmaceutical Co., Ltd.

     16,700        1,148,186  

Concordia Financial Group Ltd.

     88,000        339,486  

Cosmo Energy Holdings Co., Ltd.(a)

     9,900        198,921  

Dai-ichi Life Holdings, Inc.

     45,333        629,915  

Daiichi Sankyo Co., Ltd.

     29,300        1,350,047  

Daiken Medical Co., Ltd.

     105,400        529,452  

Daikin Industries Ltd.

     6,400        749,948  

Daito Trust Construction Co., Ltd.

     3,800        529,738  

Daiwa House Industry Co., Ltd.

     26,200        832,975  

Daiwa Securities Group, Inc.

     100,800        490,863  

Denka Co., Ltd.

     10,600        305,498  

Denso Corp.

     29,900        1,166,177  

Dentsu, Inc.

     10,900        460,383  

Disco Corp.(a)

     1,500        213,715  

East Japan Railway Co.

     7,300        704,377  

Eisai Co., Ltd.

     10,700        600,615  

FamilyMart UNY Holdings Co., Ltd.

     16,900        430,726  

FANUC Corp.

     6,800        1,159,904  

Fast Retailing Co., Ltd.

     1,700        799,124  

FCC Co., Ltd.

     12,900        272,836  

France Bed Holdings Co., Ltd.(a)

     76,700        625,048  

Fuji Electric Co., Ltd.

     7,600        215,603  

FUJIFILM Holdings Corp.

     17,900        814,099  

Fujitsu Ltd.

     7,600        548,345  

Gurunavi, Inc.(a)

     20,800        130,605  

Hamamatsu Photonics K.K.

     11,600        448,552  

Hirose Electric Co., Ltd.(a)

     4,805        504,876  

Hitachi Ltd.

     29,300        949,004  

Hitachi Metals Ltd.

     50,600        587,899  

Honda Motor Co., Ltd.

     73,400        1,986,114  

Hoya Corp.

     9,900        653,739  

Hulic Co., Ltd.

     29,400        288,462  

I-Net Corp.(a)

     25,700        305,795  

Ichigo, Inc.

     59,400        203,393  

Iida Group Holdings Co., Ltd.

     21,300        385,838  

Isuzu Motors Ltd.

     46,400        609,528  

ITOCHU Corp.

     89,400        1,617,414  

Japan Airlines Co., Ltd.

     16,100        567,140  

Japan Exchange Group, Inc.

     29,500        525,848  

Japan Post Holdings Co., Ltd.

     232,000        2,716,466  

Japan Post Insurance Co., Ltd.(a)

     25,500        551,768  

Japan Tobacco, Inc.

     137,744        3,416,066  

JFE Holdings, Inc.

     33,500        568,548  

JXTG Holdings, Inc.

     162,200        742,235  

Kajima Corp.

     32,500        479,785  

Kaneka Corp.

     7,200        269,630  

Kansai Electric Power Co., Inc. (The)

     30,800        454,132  

Kao Corp.

     11,900        937,292  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments    Shares      Value  

KDDI Corp.

     109,200      $ 2,353,002  

Kirin Holdings Co., Ltd.

     34,400        821,268  

Komatsu Ltd.

     40,900        949,844  

Kubota Corp.

     44,400        641,621  

Kyoei Steel Ltd.(a)

     16,500        235,235  

Kyoritsu Maintenance Co., Ltd.(a)

     8,200        406,722  

Kyoritsu Printing Co., Ltd.

     67,500        135,994  

Kyowa Hakko Kirin Co., Ltd.

     19,000        413,696  

Kyushu Financial Group, Inc.(a)

     83,800        340,697  

Lawson, Inc.

     9,100        504,802  

LIXIL Group Corp.

     22,300        297,777  

Makita Corp.

     10,000        348,286  

Marubeni Corp.

     107,100        740,222  

Marui Group Co., Ltd.(a)

     20,500        413,945  

Mazda Motor Corp.

     34,600        387,154  

Medipal Holdings Corp.

     21,200        503,736  

Michinoku Bank Ltd. (The)(a)

     46,800        679,897  

Mitsubishi Chemical Holdings Corp.

     82,400        580,228  

Mitsubishi Corp.

     81,600        2,266,237  

Mitsubishi Electric Corp.

     89,100        1,145,094  

Mitsubishi Estate Co., Ltd.

     29,700        538,134  

Mitsubishi Gas Chemical Co., Inc.

     12,400        176,895  

Mitsubishi Heavy Industries Ltd.

     18,500        768,514  

Mitsubishi Materials Corp.

     9,200        242,873  

Mitsubishi Motors Corp.

     56,600        300,680  

Mitsubishi Tanabe Pharma Corp.

     38,500        514,446  

Mitsubishi UFJ Financial Group, Inc.

     507,600        2,522,293  

Mitsui Fudosan Co., Ltd.

     21,100        530,431  

Mizuho Financial Group, Inc.

     1,276,800        1,976,021  

Monex Group, Inc.(a)

     33,100        114,535  

MS&AD Insurance Group Holdings, Inc.

     29,930        911,272  

Murata Manufacturing Co., Ltd.

     16,200        806,743  

Nabtesco Corp.

     10,800        314,677  

NEC Corp.

     13,900        470,303  

Nichiha Corp.

     8,400        231,468  

Nidec Corp.

     4,000        506,844  

Nintendo Co., Ltd.

     3,000        855,400  

Nippon Express Co., Ltd.

     6,800        378,443  

Nippon Kayaku Co., Ltd.(a)

     34,000        401,789  

Nippon Light Metal Holdings Co., Ltd.

     146,900        322,507  

Nippon Steel & Sumikin Bussan Corp.

     6,700        272,395  

Nippon Steel & Sumitomo Metal Corp.

     50,500        891,512  

Nippon Telegraph & Telephone Corp.

     87,300        3,709,372  

Nissan Motor Co., Ltd.(a)

     308,200        2,528,863  

Nisshinbo Holdings, Inc.(a)

     32,800        286,557  

Nitto Denko Corp.

     6,600        346,741  

NOK Corp.(a)

     21,600        336,241  

Nomura Holdings, Inc.

     163,100        589,715  

Nomura Real Estate Holdings, Inc.

     13,800        264,941  

Nomura Research Institute Ltd.

     9,200        418,087  

NSK Ltd.

     38,500        360,704  

NTT Data Corp.

     48,300        532,812  

NTT DOCOMO, Inc.

     198,955        4,406,543  

Obayashi Corp.

     43,100        433,784  

Oji Holdings Corp.

     73,000      453,097  

Omron Corp.

     11,600        542,874  

Ono Pharmaceutical Co., Ltd.

     17,400        340,973  

Oracle Corp.

     5,300        355,775  

Oriental Land Co., Ltd.

     3,900        442,906  

Otsuka Holdings Co., Ltd.

     18,500        726,896  

Outsourcing, Inc.(a)

     13,000        160,437  

Panasonic Corp.

     75,400        650,013  

Park24 Co., Ltd.

     13,400        290,917  

Pigeon Corp.

     8,300        339,319  

Qol Holdings Co., Ltd.

     17,700        241,149  

Recruit Holdings Co., Ltd.

     29,900        853,900  

Resona Holdings, Inc.

     110,200        477,598  

Ricoh Co., Ltd.(a)

     24,600        257,146  

San-In Godo Bank Ltd. (The)(a)

     44,600        319,939  

Sanwa Holdings Corp.

     33,700        400,984  

SBI Holdings, Inc.

     20,500        456,729  

Secom Co., Ltd.

     9,500        813,832  

Seiko Epson Corp.(a)

     28,200        431,847  

Seino Holdings Co., Ltd.

     28,600        381,127  

Sekisui House Ltd.

     52,000        860,677  

Seven & I Holdings Co., Ltd.

     29,300        1,105,451  

Seven Bank Ltd.

     135,400        400,016  

Shikoku Electric Power Co., Inc.(a)

     28,800        350,747  

Shimizu Corp.

     43,200        375,465  

Shin-Etsu Chemical Co., Ltd.

     10,200        855,184  

Shionogi & Co., Ltd.

     11,900        736,674  

Shizuoka Bank Ltd. (The)

     60,800        463,065  

Showa Shell Sekiyu K.K.

     41,100        564,060  

SMC Corp.

     1,500        562,813  

SoftBank Group Corp.

     9,600        931,942  

Sojitz Corp.

     157,500        554,953  

Sompo Holdings, Inc.

     15,400        570,169  

Sony Corp.

     12,100        507,788  

Sony Financial Holdings, Inc.

     29,400        554,612  

Subaru Corp.(a)

     49,300        1,123,542  

Sumitomo Chemical Co., Ltd.

     100,500        467,611  

Sumitomo Corp.

     67,300        930,897  

Sumitomo Electric Industries Ltd.

     46,600        618,260  

Sumitomo Heavy Industries Ltd.

     13,000        421,060  

Sumitomo Metal Mining Co., Ltd.

     12,800        378,154  

Sumitomo Mitsui Financial Group, Inc.

     68,300        2,391,750  

Sumitomo Mitsui Trust Holdings, Inc.

     20,207        725,871  

Sumitomo Realty & Development Co., Ltd.

     10,000        414,329  

Sumitomo Rubber Industries Ltd.

     24,100        289,152  

Suntory Beverage & Food Ltd.

     10,900        512,084  

Suzuken Co., Ltd.

     8,800        509,626  

Suzuki Motor Corp.

     11,900        526,595  

Sysmex Corp.

     3,600        217,590  

T&D Holdings, Inc.

     30,200        317,593  

Taisei Corp.

     10,800        501,531  

Takeda Pharmaceutical Co., Ltd.

     49,200        2,009,606  

Teijin Ltd.

     19,800        326,646  

Terumo Corp.

     18,000        549,668  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Toda Corp.

     51,200      $ 314,550  

Toho Co., Ltd.

     11,200        449,781  

Tokai Tokyo Financial Holdings, Inc.(a)

     58,700        212,664  

Tokio Marine Holdings, Inc.

     29,300        1,419,403  

Tokyo Electron Device Ltd.

     26,000        418,123  

Tokyo Electron Ltd.(a)

     8,200        1,185,346  

Tokyo Gas Co., Ltd.

     18,500        500,337  

Toray Industries, Inc.

     47,300        302,086  

TOTO Ltd.

     7,200        305,407  

Toyo Ink SC Holdings Co., Ltd.

     14,400        323,296  

Toyo Kanetsu K.K.

     12,100        219,076  

Toyoda Gosei Co., Ltd.

     12,600        266,833  

Toyota Boshoku Corp.

     18,800        284,501  

Toyota Motor Corp.

     143,610        8,416,660  

Toyota Tsusho Corp.

     20,900        680,711  

Trend Micro, Inc.

     9,100        443,140  

Ube Industries Ltd.

     14,500        298,030  

Unicharm Corp.

     14,200        469,934  

USS Co., Ltd.

     26,260        487,311  

Wacoal Holdings Corp.

     16,300        405,273  

West Japan Railway Co.

     8,820        664,498  

Yahoo Japan Corp.

     195,310        478,195  

Yakult Honsha Co., Ltd.

     4,000        279,713  

Yamaha Corp.

     6,900        344,735  

Yamaha Motor Co., Ltd.

     20,500        402,091  

Yamato Holdings Co., Ltd.

     12,600        325,459  

Yuasa Trading Co., Ltd.

     15,500        436,916  
     

 

 

 
Total Japan

 

     141,403,613  
Netherlands – 2.3%

 

Aalberts Industries N.V.

     8,675        300,307  

ABN AMRO Group N.V. CVA(b)

     74,909        1,690,642  

Aegon N.V.

     164,458        791,091  

Akzo Nobel N.V.

     9,686        859,089  

ASML Holding N.V.

     5,445        1,022,247  

ASR Nederland N.V.

     11,387        474,357  

BE Semiconductor Industries N.V.

     11,580        308,422  

Boskalis Westminster(a)

     12,389        320,648  

Corbion N.V.

     9,206        277,030  

Euronext N.V.(b)

     4,886        309,973  

Heineken Holding N.V.

     4,428        443,998  

Heineken N.V.

     13,521        1,428,328  

ING Groep N.V.

     249,137        3,016,753  

Koninklijke Ahold Delhaize N.V.

     63,029        1,679,068  

Koninklijke DSM N.V.

     8,017        874,623  

Koninklijke KPN N.V.

     262,779        833,843  

Koninklijke Philips N.V.

     36,927        1,505,746  

NN Group N.V.

     19,231        799,608  

PostNL N.V.

     81,675        209,004  

Randstad N.V.(a)

     10,911        532,569  

Signify N.V.(b)

     12,246        327,948  

Wolters Kluwer N.V.

     16,088        1,096,510  
     

 

 

 
Total Netherlands

 

     19,101,804  
New Zealand – 0.5%

 

Abano Healthcare Group Ltd.

     81,084      215,667  

Air New Zealand Ltd.

     99,872        172,666  

Arvida Group Ltd.

     539,776        478,565  

Auckland International Airport Ltd.

     75,430        418,748  

Contact Energy Ltd.

     87,459        413,951  

Fisher & Paykel Healthcare Corp., Ltd.

     39,097        418,627  

Mercury NZ Ltd.

     156,510        416,285  

Meridian Energy Ltd.

     166,432        475,025  

PGG Wrightson Ltd.

     220,080        73,546  

Spark New Zealand Ltd.

     209,661        543,357  

Tourism Holdings Ltd.

     66,562        215,174  

Vector Ltd.

     72,832        177,824  

Z Energy Ltd.

     73,671        314,525  
     

 

 

 
Total New Zealand

 

     4,333,960  
Norway – 1.6%

 

Aker ASA Class A

     8,051        615,165  

Aker BP ASA

     22,079        787,107  

DNB ASA

     85,003        1,567,476  

Equinor ASA

     162,252        3,558,141  

Gjensidige Forsikring ASA(a)

     33,720        583,432  

Leroy Seafood Group ASA

     47,509        345,135  

Mowi ASA

     55,500        1,240,623  

Norsk Hydro ASA

     97,382        395,223  

Ocean Yield ASA

     46,096        342,043  

Orkla ASA

     58,683        451,114  

Salmar ASA

     13,315        639,805  

SpareBank 1 SR-Bank ASA

     25,605        295,548  

Storebrand ASA

     39,324        306,588  

Telenor ASA

     100,974        2,024,968  

Yara International ASA

     7,360        301,524  
     

 

 

 
Total Norway

 

     13,453,892  
Portugal – 0.4%

 

Altri, SGPS, S.A.

     44,125        345,829  

EDP – Energias de Portugal S.A.

     237,512        934,750  

Galp Energia, SGPS, S.A.

     40,001        641,388  

Jeronimo Martins, SGPS, S.A.

     49,000        723,508  

Navigator Co. S.A. (The)

     74,173        339,804  

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

     138,557        395,481  

Semapa-Sociedade de Investimento e Gestao

     5,863        95,589  
     

 

 

 
Total Portugal

 

     3,476,349  
Singapore – 1.7%

 

CapitaLand Ltd.

     164,800        444,090  

City Developments Ltd.

     37,600        251,222  

ComfortDelGro Corp., Ltd.

     230,400        437,156  

DBS Group Holdings Ltd.

     111,200        2,071,300  

Hutchison Port Holdings Trust

     1,855,936        436,145  

Jardine Cycle & Carriage Ltd.

     22,655        543,419  

Keppel Corp., Ltd.

     98,900        454,159  

Keppel Infrastructure Trust(a)

     881,700        302,688  

Olam International Ltd.

     304,700        445,409  

Oversea-Chinese Banking Corp., Ltd.

     182,061        1,485,252  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments    Shares      Value  

QAF Ltd.

     531,274      $ 329,472  

SATS Ltd.

     121,900        459,881  

Sheng Siong Group Ltd.

     971,800        746,159  

Singapore Airlines Ltd.

     25,500        181,860  

Singapore Technologies Engineering Ltd.

     260,000        717,903  

Singapore Telecommunications Ltd.

     1,204,500        2,685,559  

StarHub Ltd.

     358,900        394,803  

United Overseas Bank Ltd.

     64,001        1,190,244  

UOL Group Ltd.

     67,800        347,885  

Wilmar International Ltd.

     267,000        652,470  
     

 

 

 
Total Singapore

 

     14,577,076  
Spain – 4.2%

 

Acciona S.A.(a)

     5,162        575,558  

Acerinox S.A.

     27,522        272,998  

ACS Actividades de Construccion y Servicios S.A.

     19,543        859,321  

Aena SME S.A.(b)

     8,092        1,458,319  

Amadeus IT Group S.A.

     15,512        1,243,620  

Applus Services S.A.

     26,592        317,698  

Atresmedia Corp. de Medios de Comunicacion S.A.(a)

     40,443        189,729  

Banco Bilbao Vizcaya Argentaria S.A.

     343,113        1,962,152  

Banco de Sabadell S.A.

     373,998        372,826  

Banco Santander S.A.

     931,299        4,333,941  

Bankia S.A.

     158,201        410,339  

Bankinter S.A.

     51,130        389,823  

Bolsas y Mercados Espanoles SHMSF S.A.

     8,576        239,969  

CaixaBank S.A.

     318,492        995,610  

Cellnex Telecom S.A.*(a)(b)

     17,492        513,806  

Cia de Distribucion Integral Logista Holdings S.A.

     12,324        290,598  

Cie Automotive S.A.

     9,095        244,891  

Enagas S.A.

     23,446        682,905  

Ence Energia y Celulosa S.A.

     42,852        238,657  

Endesa S.A.

     92,255        2,355,603  

Ferrovial S.A.

     43,671        1,023,871  

Iberdrola S.A.

     425,296        3,737,256  

Industria de Diseno Textil S.A.

     107,170        3,152,799  

Mapfre S.A.

     218,484        602,518  

Mediaset Espana Comunicacion S.A.

     90,240        674,426  

Naturgy Energy Group S.A.

     63,050        1,764,936  

Obrascon Huarte Lain S.A.(a)

     74,514        93,917  

Red Electrica Corp. S.A.

     38,221        815,412  

Repsol S.A.

     108,884        1,865,693  

Telefonica S.A.

     402,363        3,374,444  

Zardoya Otis S.A.

     41,457        343,539  
     

 

 

 
Total Spain

 

     35,397,174  
Sweden – 2.9%

 

Alfa Laval AB

     16,811        386,776  

Assa Abloy AB Class B

     25,885        560,103  

Atlas Copco AB Class A

     20,079        540,438  

Atlas Copco AB Class B

     27,735        688,045  

Axfood AB(a)

     25,345        472,727  

Boliden AB

     16,637        474,610  

Castellum AB

     16,755        325,786  

Dometic Group AB(a)(b)

     29,727      234,123  

Electrolux AB Series B

     19,585        504,443  

Essity AB Class B

     26,120        754,991  

Evolution Gaming Group AB(b)

     3,413        269,535  

Fabege AB

     62,110        903,998  

Hemfosa Fastigheter AB

     18,071        158,883  

Hennes & Mauritz AB Class B

     156,758        2,619,591  

ICA Gruppen AB(a)

     17,249        693,657  

Intrum AB(a)

     9,489        273,152  

Investment AB Latour Class B(a)

     31,901        428,199  

NCC AB Class B(a)

     18,589        286,492  

Nobia AB

     40,758        239,487  

Peab AB

     37,839        327,791  

Saab AB Class B(a)

     5,542        177,995  

Sandvik AB

     52,137        848,780  

Securitas AB Class B

     24,295        393,553  

Skandinaviska Enskilda Banken AB Class A(a)

     181,183        1,572,090  

Skanska AB Class B(a)

     41,694        759,233  

SKF AB Class B(a)

     25,563        425,531  

SSAB AB Class A(a)

     69,044        248,848  

Svenska Cellulosa AB SCA Class B

     22,778        197,935  

Svenska Handelsbanken AB Class A(a)

     127,904        1,352,774  

Swedbank AB Class A(a)

     97,403        1,379,350  

Swedish Match AB

     12,733        650,563  

Tele2 AB Class B

     61,208        817,290  

Telefonaktiebolaget LM Ericsson Class B

     87,924        809,728  

Telia Co. AB

     351,127        1,588,065  

Trelleborg AB Class B

     15,722        244,001  

Volvo AB Class A

     8,196        127,155  

Volvo AB Class B

     81,154        1,259,924  
     

 

 

 
Total Sweden

 

     23,995,642  
Switzerland – 8.3%

 

ABB Ltd. Registered Shares

     106,699        2,004,557  

Adecco Group AG Registered Shares

     10,701        570,777  

Baloise Holding AG Registered Shares

     4,635        765,596  

Cembra Money Bank AG

     3,048        288,151  

Cie Financiere Richemont S.A. Registered Shares

     17,852        1,300,315  

Clariant AG Registered Shares*

     23,351        490,749  

Coca-Cola HBC AG*

     12,644        430,841  

Credit Suisse Group AG Registered Shares*

     75,654        881,579  

Dufry AG*

     3,423        359,520  

EMS-Chemie Holding AG Registered Shares

     1,010        547,645  

Flughafen Zurich AG Registered Shares

     2,028        370,005  

Geberit AG Registered Shares

     1,578        644,890  

Givaudan S.A. Registered Shares*

     442        1,129,077  

Helvetia Holding AG Registered Shares

     633        386,448  

Julius Baer Group Ltd.*

     8,013        323,690  

Kuehne + Nagel International AG Registered Shares

     7,175        984,140  

LafargeHolcim Ltd. Registered Shares*

     32,978        1,628,866  

Logitech International S.A. Registered Shares

     14,590        571,792  

Lonza Group AG Registered Shares*

     2,120        657,351  

Nestle S.A. Registered Shares

     137,574        13,109,522  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Novartis AG Registered Shares

     139,963      $ 13,460,846  

Partners Group Holding AG

     886        644,105  

Roche Holding AG Bearer Shares

     5,477        1,492,577  

Roche Holding AG Genusschein

     42,759        11,779,227  

Schindler Holding AG Participation Certificate

     3,647        755,840  

SGS S.A. Registered Shares

     358        890,776  

STMicroelectronics N.V.

     17,349        256,751  

Sunrise Communications Group AG*(a)(b)

     5,578        410,551  

Swatch Group AG (The) Bearer Shares

     1,766        505,382  

Swiss Life Holding AG Registered Shares*

     1,936        852,431  

Swiss Re AG

     24,774        2,419,937  

Swisscom AG Registered Shares(a)

     3,641        1,780,467  

UBS Group AG Registered Shares*

     197,977        2,399,420  

Vontobel Holding AG Registered Shares

     8,925        479,901  

Zurich Insurance Group AG

     11,178        3,699,437  
     

 

 

 
Total Switzerland

 

     69,273,159  
United Kingdom – 18.5%

 

Admiral Group PLC

     25,826        730,261  

Aggreko PLC

     27,593        283,038  

Anglo American PLC

     92,024        2,462,391  

Antofagasta PLC

     59,398        747,670  

Ashmore Group PLC

     51,709        287,845  

Associated British Foods PLC

     17,562        558,145  

AstraZeneca PLC

     66,390        5,307,359  

Aviva PLC

     234,471        1,259,996  

Babcock International Group PLC

     30,270        194,653  

BAE Systems PLC

     160,037        1,005,979  

Barclays PLC

     331,186        667,525  

Barratt Developments PLC

     128,859        1,006,115  

Bellway PLC

     12,162        482,563  

Berkeley Group Holdings PLC

     12,555        603,513  

Bodycote PLC

     28,262        303,085  

BP PLC

     1,587,702        11,554,560  

Brewin Dolphin Holdings PLC

     61,955        252,041  

British American Tobacco PLC

     174,935        7,280,695  

British Land Co. PLC (The)

     73,022        560,442  

BT Group PLC

     1,029,513        2,990,891  

Bunzl PLC

     8,921        294,333  

Burberry Group PLC

     15,061        383,575  

Carnival PLC

     9,312        456,845  

Centrica PLC

     624,009        928,578  

Close Brothers Group PLC

     12,438        235,817  

CNH Industrial N.V.

     31,267        318,220  

Coca-Cola European Partners PLC

     15,383        792,822  

Compass Group PLC

     51,054        1,200,461  

Costain Group PLC

     62,574        273,149  

Countryside Properties PLC(b)

     53,591        226,814  

Derwent London PLC

     7,285        305,950  

Diageo PLC

     90,384        3,695,777  

Direct Line Insurance Group PLC

     121,085        556,963  

Dixons Carphone PLC

     127,553        243,910  

easyJet PLC

     18,421        268,239  

Electrocomponents PLC

     48,132        352,352  

Equiniti Group PLC(b)

     88,301      239,326  

Evraz PLC

     136,642        1,104,631  

Fresnillo PLC

     40,896        464,045  

G4S PLC

     100,492        240,286  

GlaxoSmithKline PLC

     381,345        7,934,687  

Greene King PLC

     28,421        246,424  

Halma PLC

     18,436        401,665  

Hammerson PLC

     56,805        248,558  

Hastings Group Holdings PLC(b)

     100,679        284,157  

Howden Joinery Group PLC

     48,986        309,773  

HSBC Holdings PLC

     1,335,554        10,847,254  

Ibstock PLC(b)

     56,388        176,196  

IMI PLC

     24,415        304,778  

Imperial Brands PLC

     96,379        3,296,023  

Inchcape PLC

     44,139        328,413  

Informa PLC

     49,059        475,740  

Inmarsat PLC

     40,280        291,302  

InterContinental Hotels Group PLC

     7,492        450,537  

International Consolidated Airlines Group S.A.

     92,570        616,585  

Intertek Group PLC

     6,140        388,595  

Investec PLC

     36,375        209,643  

ITV PLC

     352,452        583,723  

J Sainsbury PLC

     156,465        480,549  

Jardine Lloyd Thompson Group PLC

     12,562        313,301  

Johnson Matthey PLC

     6,546        268,005  

Jupiter Fund Management PLC

     61,969        292,149  

Kingfisher PLC

     143,716        439,708  

Land Securities Group PLC

     38,953        463,621  

Legal & General Group PLC

     433,523        1,555,176  

Lloyds Banking Group PLC

     4,193,050        3,395,178  

London Stock Exchange Group PLC

     8,574        530,799  

Lookers PLC

     241,720        318,123  

Man Group PLC

     134,829        238,586  

Marks & Spencer Group PLC

     183,736        667,735  

McCarthy & Stone PLC(b)

     132,753        222,111  

Micro Focus International PLC

     26,103        679,080  

Mondi PLC

     18,529        409,969  

Morgan Advanced Materials PLC

     100,079        316,891  

National Grid PLC

     261,013        2,893,682  

Next PLC

     7,013        509,917  

PayPoint PLC

     29,863        333,484  

Pearson PLC

     36,679        399,658  

Pennon Group PLC

     39,763        385,283  

Persimmon PLC

     41,489        1,173,151  

Polar Capital Holdings PLC

     40,437        275,049  

PRS REIT PLC (The)(a)

     394,644        507,042  

Prudential PLC

     74,865        1,499,875  

PZ Cussons PLC

     139,558        356,792  

Reckitt Benckiser Group PLC

     27,499        2,286,836  

Redde PLC

     151,584        235,051  

Redrow PLC

     37,531        293,918  

RELX PLC

     88,952        1,902,645  

Rentokil Initial PLC

     95,315        438,800  

Rio Tinto PLC

     98,346        5,716,763  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Equity Fund (DWM)

March 31, 2019

 

 

 

Investments   Shares     Value  

Rolls-Royce Holdings PLC*

    41,169     $ 484,524  

Rotork PLC

    95,357       351,393  

Royal Dutch Shell PLC Class A

    338,091       10,632,665  

Royal Dutch Shell PLC Class B

    311,469       9,854,276  

Royal Mail PLC

    74,867       232,475  

RPC Group PLC

    31,230       321,485  

RSA Insurance Group PLC

    53,431       353,547  

Saga PLC

    182,581       264,558  

Sage Group PLC (The)

    61,697       563,725  

Schroders PLC

    9,957       350,570  

Segro PLC

    81,223       712,711  

Severn Trent PLC

    20,102       517,592  

Smith & Nephew PLC

    21,006       416,874  

Smiths Group PLC

    22,559       421,826  

Soco International PLC

    128,971       115,622  

Spectris PLC

    8,574       280,426  

Spirax-Sarco Engineering PLC

    3,741       350,492  

SSE PLC

    107,468       1,662,230  

St. James’s Place PLC

    26,629       356,705  

Stagecoach Group PLC

    176,401       353,064  

Standard Chartered PLC

    60,005       462,335  

Standard Life Aberdeen PLC

    210,173       722,869  

TalkTalk Telecom Group PLC(a)

    257,654       370,317  

Tate & Lyle PLC

    44,060       416,699  

Tesco PLC

    170,705       516,277  

TP ICAP PLC

    37,572       144,035  

Travis Perkins PLC

    17,139       306,185  

Unilever N.V. CVA

    72,653       4,224,130  

Unilever PLC

    56,847       3,255,575  

United Utilities Group PLC

    58,101       616,570  

Vodafone Group PLC

    3,010,550       5,484,212  

WH Smith PLC

    22,771       629,635  

Whitbread PLC

    8,044       532,263  

William Hill PLC

    85,365       178,588  

WM Morrison Supermarkets PLC

    145,254       430,691  
   

 

 

 
Total United Kingdom

 

    155,200,981  
TOTAL COMMON STOCKS
(Cost: $790,570,091)
            830,634,526  
RIGHTS – 0.0%

 

Singapore – 0.0%

 

Keppel Infrastructure Trust, expiring 4/4/19*
(Cost: $0)
    104,041       1,843  
EXCHANGE-TRADED FUND – 0.0%

 

United States – 0.0%

 

WisdomTree International Dividend Ex-Financials Fund(c)

   
(Cost: $19,711)     482       19,842  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.0%

 

United States – 3.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(d)

     
(Cost: $24,868,219)(e)      24,868,219      $ 24,868,219  

TOTAL INVESTMENTS IN SECURITIES – 102.2%

(Cost: $815,458,021)

 

 

     855,524,430  

Other Assets less Liabilities – (2.2)%

        (18,264,280
     

 

 

 
NET ASSETS – 100.0%             $ 837,260,150  

 

* 

Non-income producing security.

 

(a)

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(e)

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $34,526,658. The total market value of the collateral held by the Fund was $36,452,056. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $11,583,837.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree International High Dividend Fund (DTH)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
Australia – 9.8%      

Adelaide Brighton Ltd.

     24,592      $ 78,610  

AGL Energy Ltd.

     21,674        335,174  

Alumina Ltd.

     137,073        235,635  

Amcor Ltd.

     31,857        348,270  

AMP Ltd.

     104,024        155,176  

ASX Ltd.

     4,592        227,813  

Aurizon Holdings Ltd.

     88,319        285,455  

AusNet Services

     136,807        172,496  

Australia & New Zealand Banking Group Ltd.

     81,139        1,500,293  

Bank of Queensland Ltd.

     18,147        117,306  

Bendigo & Adelaide Bank Ltd.

     19,308        132,765  

BHP Group Ltd.

     86,664        2,369,512  

BHP Group PLC

     66,716        1,607,068  

Boral Ltd.

     30,121        98,210  

Brambles Ltd.

     38,214        319,229  

Caltex Australia Ltd.

     9,562        178,028  

CIMIC Group Ltd.

     8,096        277,543  

Coca-Cola Amatil Ltd.

     32,232        198,050  

Commonwealth Bank of Australia

     50,143        2,516,131  

Crown Resorts Ltd.

     25,462        208,181  

CSR Ltd.

     47,824        112,786  

Downer EDI Ltd.

     18,627        101,619  

DuluxGroup Ltd.

     11,148        58,600  

Event Hospitality and Entertainment Ltd.

     9,668        93,538  

Fortescue Metals Group Ltd.

     185,336        936,056  

Harvey Norman Holdings Ltd.(a)

     65,834        187,996  

Insurance Australia Group Ltd.

     57,027        311,110  

JB Hi-Fi Ltd.(a)

     5,892        104,425  

Macquarie Group Ltd.

     8,469        778,585  

Magellan Financial Group Ltd.

     3,569        92,359  

Medibank Pvt Ltd.

     46,990        92,127  

Metcash Ltd.

     30,225        56,896  

Mineral Resources Ltd.

     7,145        80,192  

National Australia Bank Ltd.

     95,347        1,711,530  

New Hope Corp., Ltd.

     44,169        94,440  

Nine Entertainment Co. Holdings Ltd.

     69,819        84,809  

Orora Ltd.

     28,207        59,910  

Platinum Asset Management Ltd.(a)

     15,779        51,447  

Premier Investments Ltd.

     6,334        73,160  

Rio Tinto Ltd.

     13,461        936,217  

Sonic Healthcare Ltd.

     10,591        184,773  

South32 Ltd.

     140,005        370,958  

Suncorp Group Ltd.

     33,554        328,447  

Super Retail Group Ltd.

     11,823        67,440  

Tabcorp Holdings Ltd.

     57,100        187,392  

Telstra Corp., Ltd.

     691,046        1,629,736  

Wesfarmers Ltd.

     41,538        1,022,401  

Westpac Banking Corp.

     109,086        2,008,521  

Whitehaven Coal Ltd.

     26,023        74,866  

Woodside Petroleum Ltd.

     26,645        655,262  

Woolworths Group Ltd.

     34,214        738,839  
     

 

 

 
Total Australia               24,647,382  
Investments    Shares      Value  
Austria – 0.4%      

Andritz AG

     3,485      $ 149,638  

Erste Group Bank AG*

     7,239        266,284  

Lenzing AG

     1,018        109,162  

Oesterreichische Post AG

     4,066        172,120  

UNIQA Insurance Group AG

     9,474        94,464  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     3,194        82,128  
     

 

 

 
Total Austria

 

     873,796  
Belgium – 2.5%

 

Ageas

     4,540        219,203  

Anheuser-Busch InBev S.A./N.V.

     51,849        4,352,426  

bpost S.A.(a)

     13,141        141,873  

Cofinimmo S.A.

     1,025        136,269  

KBC Group N.V.

     8,828        617,352  

Proximus SADP

     17,537        506,266  

Solvay S.A.

     2,172        235,054  

Warehouses De Pauw CVA

     741        118,980  
     

 

 

 
Total Belgium

 

     6,327,423  
China – 4.6%

 

China Aerospace International Holdings Ltd.

     1,540,000        111,822  

China Jinmao Holdings Group Ltd.

     212,000        138,273  

China Mobile Ltd.

     662,500        6,751,635  

China Overseas Land & Investment Ltd.

     126,000        478,321  

China Power International Development Ltd.

     647,000        165,666  

China Resources Power Holdings Co., Ltd.

     190,000        285,607  

CITIC Telecom International Holdings Ltd.

     311,000        139,852  

CNOOC Ltd.

     1,265,000        2,368,869  

Guangdong Investment Ltd.

     126,000        243,334  

Lenovo Group Ltd.

     496,000        446,087  

Shanghai Industrial Holdings Ltd.

     57,000        134,187  

Shenzhen Investment Ltd.

     374,000        142,931  

Sino-Ocean Group Holding Ltd.

     218,500        95,751  

Yuexiu Property Co., Ltd.

     684,000        164,684  
     

 

 

 
Total China

 

     11,667,019  
Denmark – 0.5%

 

Danske Bank A/S

     19,844        348,609  

ISS A/S

     4,122        125,545  

Pandora A/S

     2,854        133,758  

Scandinavian Tobacco Group A/S Class A(b)

     11,265        140,629  

Topdanmark A/S

     5,152        257,575  

Tryg A/S

     8,141        223,586  
     

 

 

 
Total Denmark

 

     1,229,702  
Finland – 2.3%

 

DNA Oyj

     4,743        98,418  

Elisa Oyj

     4,774        215,599  

Fortum Oyj(a)

     34,086        697,725  

Kesko Oyj Class B

     2,448        149,091  

Kone Oyj Class B

     11,706        590,958  

Konecranes Oyj(a)

     1,781        63,374  

Metso Oyj

     4,503        155,023  

Nokia Oyj

     150,041        854,835  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2019

 

 

 

Investments    Shares      Value  

Nokian Renkaat Oyj(a)

     4,147      $ 138,949  

Nordea Bank Abp(a)

     160,126        1,221,407  

Orion Oyj Class B(a)

     4,894        183,650  

Outokumpu Oyj(a)

     13,800        50,174  

Sampo Oyj Class A

     16,911        767,326  

Tieto Oyj

     4,278        130,657  

UPM-Kymmene Oyj

     15,164        442,699  

Valmet Oyj(a)

     2,918        73,917  
     

 

 

 
Total Finland

 

     5,833,802  
France – 10.0%

 

ALD S.A.(b)

     10,518        147,036  

Amundi S.A.(b)

     4,031        253,920  

AXA S.A.

     66,433        1,673,150  

BNP Paribas S.A.

     31,822        1,522,512  

Bouygues S.A.

     12,342        441,384  

Carrefour S.A.

     23,202        433,772  

Casino Guichard Perrachon S.A.(a)

     7,186        311,859  

Cie Generale des Etablissements Michelin SCA

     4,032        477,181  

CNP Assurances

     12,665        279,014  

Covivio

     1,886        200,334  

Credit Agricole S.A.

     70,540        853,047  

Electricite de France S.A.

     84,677        1,159,020  

Engie S.A.

     88,600        1,321,154  

Eutelsat Communications S.A.

     12,445        217,922  

Gaztransport Et Technigaz S.A.

     1,622        147,704  

ICADE

     2,517        213,096  

Kaufman & Broad S.A.

     1,562        63,877  

Klepierre S.A.

     9,374        328,188  

Lagardere SCA

     5,895        151,712  

Metropole Television S.A.

     6,341        117,053  

Natixis S.A.

     90,733        486,067  

Nexity S.A.

     1,450        70,824  

Orange S.A.

     84,297        1,372,467  

Publicis Groupe S.A.

     5,710        306,020  

Renault S.A.

     7,823        517,469  

Rexel S.A.

     11,669        131,746  

Sanofi

     40,047        3,540,683  

Schneider Electric SE

     13,595        1,067,644  

SCOR SE

     3,506        149,437  

Societe BIC S.A.

     1,314        117,222  

Societe Generale S.A.

     21,579        624,528  

Sodexo S.A.

     3,159        348,182  

Suez

     24,189        320,767  

TOTAL S.A.

     87,807        4,882,379  

Unibail-Rodamco-Westfield(a)

     2,671        438,293  

Veolia Environnement S.A.

     15,443        345,590  
     

 

 

 
Total France

 

     25,032,253  
Germany – 7.7%

 

Aareal Bank AG

     3,597        110,989  

Allianz SE Registered Shares

     8,940        1,990,390  

AURELIUS Equity Opportunities SE & Co. KGaA

     1,543        70,307  

Axel Springer SE

     2,841        146,868  

BASF SE

     23,777        1,749,520  
Investments    Shares      Value  

Bayerische Motoren Werke AG

     20,839      $ 1,608,686  

Daimler AG Registered Shares

     45,796        2,686,801  

Deutsche Lufthansa AG Registered Shares

     12,438        273,245  

Deutsche Post AG Registered Shares

     33,030        1,075,544  

Deutsche Telekom AG Registered Shares

     158,534        2,633,656  

E.ON SE

     47,593        529,695  

Evonik Industries AG

     12,593        343,320  

Freenet AG

     6,972        149,955  

Hannover Rueck SE

     2,477        356,006  

Hugo Boss AG

     1,970        134,668  

Innogy SE

     20,481        877,339  

LEG Immobilien AG

     737        90,574  

MAN SE

     3,172        260,715  

METRO AG

     17,565        291,701  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     3,564        844,388  

ProSiebenSat.1 Media SE

     12,931        184,689  

Siemens AG Registered Shares

     18,863        2,032,040  

Talanx AG

     3,498        134,957  

Telefonica Deutschland Holding AG

     158,805        499,101  

TLG Immobilien AG

     4,112        123,925  

TUI AG

     15,640        150,150  
     

 

 

 
Total Germany

 

     19,349,229  
Hong Kong – 2.3%

 

Bank of East Asia Ltd. (The)

     44,400        144,230  

BOC Hong Kong Holdings Ltd.

     154,047        637,778  

CLP Holdings Ltd.

     61,000        707,138  

Hang Lung Properties Ltd.

     104,000        253,841  

Hang Seng Bank Ltd.

     31,018        765,379  

Henderson Land Development Co., Ltd.

     71,200        452,599  

Hopewell Holdings Ltd.

     35,500        174,562  

Hysan Development Co., Ltd.

     22,000        117,848  

New World Development Co., Ltd.

     217,489        360,729  

PCCW Ltd.

     348,380        216,574  

Power Assets Holdings Ltd.

     72,018        499,542  

Sino Land Co., Ltd.

     124,000        239,788  

Sun Hung Kai Properties Ltd.

     46,000        789,330  

Swire Pacific Ltd. Class B

     87,500        175,001  

Wharf Holdings Ltd. (The)

     77,000        232,473  
     

 

 

 
Total Hong Kong

 

     5,766,812  
Israel – 0.5%

 

Bank Leumi Le-Israel BM

     31,339        204,733  

Bezeq Israeli Telecommunication Corp., Ltd.

     183,895        131,992  

Carasso Motors Ltd.

     18,150        82,815  

Delek Automotive Systems Ltd.

     16,824        64,898  

Delek Group Ltd.

     1,010        174,597  

First International Bank of Israel Ltd.

     6,159        145,043  

Harel Insurance Investments & Financial Services Ltd.

     19,057        125,494  

Israel Chemicals Ltd.

     41,015        213,361  

Mediterranean Towers Ltd.

     64,816        116,618  
     

 

 

 
Total Israel

 

     1,259,551  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2019

 

 

 

Investments    Shares      Value  
Italy – 3.6%

 

A2A SpA

     67,828      $ 123,875  

ACEA SpA

     5,625        95,183  

Ascopiave SpA

     27,301        107,752  

Assicurazioni Generali SpA

     42,627        789,751  

Azimut Holding SpA(a)

     10,962        186,476  

Banca Mediolanum SpA

     22,980        162,947  

De’ Longhi SpA

     5,390        145,615  

Enav SpA(b)

     18,944        103,336  

Enel SpA

     279,055        1,787,274  

Eni SpA

     135,631        2,399,228  

ERG SpA

     5,809        110,037  

FinecoBank Banca Fineco SpA

     9,129        120,187  

Hera SpA

     34,041        123,231  

Intesa Sanpaolo SpA

     45,959        112,035  

Italgas SpA

     24,834        153,478  

MARR SpA

     3,800        86,531  

Mediobanca Banca di Credito Finanziario SpA

     18,585        193,281  

Poste Italiane SpA(b)

     38,806        377,868  

Saras SpA

     40,842        75,714  

Snam SpA

     146,083        751,090  

Telecom Italia SpA RSP

     209,247        118,980  

Terna Rete Elettrica Nazionale SpA

     65,255        413,838  

Unipol Gruppo SpA

     21,820        108,783  

UnipolSai Assicurazioni SpA(a)

     109,039        294,332  

Zignago Vetro SpA

     10,433        116,795  
     

 

 

 
Total Italy

 

     9,057,617  
Japan – 8.9%

 

Amada Holdings Co., Ltd.

     13,900        137,512  

Autobacs Seven Co., Ltd.(a)

     3,400        56,521  

Bridgestone Corp.

     20,700        797,815  

Canon, Inc.

     43,700        1,268,538  

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

     10,400        129,759  

Daito Trust Construction Co., Ltd.

     1,500        209,107  

Daiwa Securities Group, Inc.

     37,000        180,178  

FIDEA Holdings Co., Ltd.(a)

     86,016        101,803  

Heiwa Corp.(a)

     2,200        43,966  

Hirose Electric Co., Ltd.(a)

     800        84,058  

ITOCHU Corp.

     43,500        786,997  

IwaiCosmo Holdings, Inc.

     8,600        96,035  

Japan Exchange Group, Inc.

     7,800        139,038  

Japan Post Holdings Co., Ltd.

     87,400        1,023,358  

Japan Tobacco, Inc.

     63,000        1,562,407  

JFE Holdings, Inc.

     18,100        307,186  

Konica Minolta, Inc.(a)

     11,100        109,210  

Lawson, Inc.

     3,300        183,060  

Marubeni Corp.

     55,900        386,353  

Marusan Securities Co., Ltd.(a)

     11,700        69,131  

Matsui Securities Co., Ltd.(a)

     8,100        76,254  

Mitsubishi Chemical Holdings Corp.

     34,900        245,752  

Mitsubishi Corp.

     40,776        1,132,452  

Mitsubishi Tanabe Pharma Corp.

     15,600        208,451  

Mizuho Financial Group, Inc.

     514,600        796,413  

MS&AD Insurance Group Holdings, Inc.

     10,400        316,646  
Investments    Shares      Value  

Nissan Motor Co., Ltd.(a)

     155,105      $ 1,272,678  

Nomura Holdings, Inc.

     66,800        241,526  

NSK Ltd.

     17,100        160,209  

NTT DOCOMO, Inc.

     98,857        2,189,528  

Okumura Corp.(a)

     2,900        92,095  

Resona Holdings, Inc.

     31,000        134,352  

Sankyo Co., Ltd.

     3,000        114,379  

Seiko Epson Corp.(a)

     8,000        122,510  

Sekisui House Ltd.

     24,100        398,891  

Sony Financial Holdings, Inc.(a)

     6,300        118,845  

Subaru Corp.(a)

     25,200        574,305  

Sumitomo Chemical Co., Ltd.(a)

     42,100        195,885  

Sumitomo Corp.

     33,200        459,224  

Sumitomo Mitsui Financial Group, Inc.

     25,700        899,970  

Sumitomo Rubber Industries Ltd.

     6,200        74,388  

Takeda Pharmaceutical Co., Ltd.

     23,900        976,211  

Tokai Tokyo Financial Holdings, Inc.(a)

     16,400        59,415  

Toyota Motor Corp.

     67,792        3,973,137  
     

 

 

 
Total Japan

 

     22,505,548  
Netherlands – 2.0%

 

ABN AMRO Group N.V. CVA(b)

     27,882        629,277  

Aegon N.V.

     51,967        249,976  

Akzo Nobel N.V.

     5,185        459,878  

ASR Nederland N.V.

     3,259        135,763  

BE Semiconductor Industries N.V.

     7,996        212,966  

Boskalis Westminster(a)

     5,644        146,076  

ING Groep N.V.

     96,325        1,166,381  

Koninklijke Ahold Delhaize N.V.

     27,634        736,159  

Koninklijke KPN N.V.

     134,900        428,061  

Koninklijke Volkerwessels N.V.

     2,294        47,344  

NN Group N.V.

     6,911        287,353  

PostNL N.V.

     24,273        62,114  

Randstad N.V.(a)

     5,271        257,279  

Signify N.V.(b)

     5,211        139,550  

Sligro Food Group N.V.

     1,812        65,006  
     

 

 

 
Total Netherlands

 

     5,023,183  
New Zealand – 0.8%

 

Air New Zealand Ltd.

     76,622        132,470  

Auckland International Airport Ltd.

     31,318        173,861  

Chorus Ltd.

     31,903        128,371  

Contact Energy Ltd.

     41,509        196,466  

Genesis Energy Ltd.

     77,071        169,251  

Infratil Ltd.

     21,894        62,265  

Mercury NZ Ltd.

     53,052        141,108  

Meridian Energy Ltd.

     119,262        340,394  

Skellerup Holdings Ltd.

     75,769        109,033  

SKYCITY Entertainment Group Ltd.

     36,669        96,782  

Spark New Zealand Ltd.

     95,430        247,316  

Trade Me Group Ltd.

     27,635        120,998  

Vector Ltd.

     43,147        105,346  
     

 

 

 
Total New Zealand

 

     2,023,661  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2019

 

 

 

Investments    Shares      Value  
Norway – 2.1%

 

Aker ASA Class A

     1,852      $ 141,509  

Atea ASA*

     8,094        117,675  

DNB ASA

     34,587        637,793  

Entra ASA(b)

     2,850        43,090  

Equinor ASA

     77,060        1,689,904  

Gjensidige Forsikring ASA(a)

     11,707        202,557  

Mowi ASA

     25,954        580,164  

Norsk Hydro ASA

     52,277        212,165  

Ocean Yield ASA

     13,335        98,949  

Orkla ASA

     22,030        169,351  

Salmar ASA

     4,794        230,359  

SpareBank 1 SR-Bank ASA

     9,452        109,100  

Storebrand ASA

     5,040        39,294  

Telenor ASA

     48,006        962,729  

Veidekke ASA

     5,902        62,025  
     

 

 

 
Total Norway

 

     5,296,664  
Portugal – 0.6%

 

Altri, SGPS, S.A.

     8,139        63,789  

CTT-Correios de Portugal S.A.

     17,491        50,671  

EDP – Energias de Portugal S.A.

     135,501        533,276  

Galp Energia, SGPS, S.A.

     20,037        321,279  

Jeronimo Martins, SGPS, S.A.

     18,945        279,732  

NOS, SGPS, S.A.

     28,065        179,623  

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

     20,790        59,341  

Sonae, SGPS, S.A.

     56,026        58,002  
     

 

 

 
Total Portugal

 

     1,545,713  
Singapore – 1.8%

 

CapitaLand Ltd.

     81,600        219,889  

ComfortDelGro Corp., Ltd.

     77,300        146,667  

DBS Group Holdings Ltd.

     38,045        708,657  

Frasers Property Ltd.

     74,200        99,152  

Hutchison Port Holdings Trust

     346,623        81,456  

Jardine Cycle & Carriage Ltd.

     9,300        223,076  

Keppel Infrastructure Trust(a)

     379,000        130,111  

NetLink NBN Trust

     130,600        80,028  

Olam International Ltd.

     88,200        128,930  

Oversea-Chinese Banking Corp., Ltd.

     58,895        480,465  

SATS Ltd.

     29,700        112,047  

Sheng Siong Group Ltd.

     93,200        71,560  

Singapore Exchange Ltd.

     17,800        96,064  

Singapore Technologies Engineering Ltd.

     117,000        323,057  

Singapore Telecommunications Ltd.

     648,300        1,445,453  

StarHub Ltd.

     110,800        121,884  
     

 

 

 
Total Singapore

 

     4,468,496  
Spain – 5.3%

 

Acciona S.A.(a)

     1,340        149,409  

Acerinox S.A.

     12,506        124,050  

ACS Actividades de Construccion y Servicios S.A.

     8,251        362,803  

Aena SME S.A.(b)

     4,600        829,000  

Atresmedia Corp. de Medios de Comunicacion S.A.(a)

     7,572        35,522  

Banco Bilbao Vizcaya Argentaria S.A.

     117,541        672,179  
Investments    Shares      Value  

Banco de Sabadell S.A.

     127,702      $ 127,302  

Banco Santander S.A.

     347,633        1,617,763  

Bankia S.A.

     42,928        111,346  

Bankinter S.A.

     9,271        70,684  

Bolsas y Mercados Espanoles SHMSF S.A.

     2,996        83,832  

CaixaBank S.A.

     110,474        345,343  

Cia de Distribucion Integral Logista Holdings S.A.

     4,595        108,350  

Enagas S.A.

     8,404        244,781  

Endesa S.A.

     54,416        1,389,437  

Faes Farma S.A.

     13,701        57,998  

Ferrovial S.A.

     22,682        531,782  

Iberdrola S.A.

     225,184        1,978,787  

Mapfre S.A.

     75,263        207,554  

Mediaset Espana Comunicacion S.A.

     21,143        158,016  

Naturgy Energy Group S.A.

     33,695        943,212  

Obrascon Huarte Lain S.A.(a)

     33,572        42,314  

Red Electrica Corp. S.A.

     17,176        366,435  

Repsol S.A.

     53,804        921,915  

Tecnicas Reunidas S.A.(a)

     4,036        113,613  

Telefonica S.A.

     191,901        1,609,390  

Zardoya Otis S.A.(a)

     12,859        106,558  
     

 

 

 
Total Spain

 

     13,309,375  
Sweden – 2.4%

 

Axfood AB(a)

     7,550        140,820  

BillerudKorsnas AB(a)

     7,481        99,488  

Castellum AB

     4,407        85,690  

Electrolux AB Series B

     6,635        170,895  

Hemfosa Fastigheter AB

     4,172        36,681  

Hennes & Mauritz AB Class B

     75,572        1,262,888  

Holmen AB Class B

     2,716        59,003  

ICA Gruppen AB(a)

     6,211        249,771  

Intrum AB(a)

     5,129        147,644  

JM AB(a)

     8,646        155,297  

NCC AB Class B(a)

     6,700        103,260  

Nobia AB

     13,665        80,293  

Peab AB

     14,400        124,744  

Skandinaviska Enskilda Banken AB Class A(a)

     70,162        608,782  

Skanska AB Class B(a)

     16,938        308,435  

SKF AB Class B(a)

     9,815        163,384  

Svenska Handelsbanken AB Class A(a)

     47,372        501,029  

Swedbank AB Class A(a)

     37,259        527,635  

Swedish Match AB

     5,709        291,688  

Tele2 AB Class B

     18,179        242,738  

Telia Co. AB

     170,872        772,814  
     

 

 

 
Total Sweden

 

     6,132,979  
Switzerland – 10.7%

 

ABB Ltd. Registered Shares

     56,471        1,060,922  

Adecco Group AG Registered Shares

     5,837        311,338  

Baloise Holding AG Registered Shares

     689        113,807  

Helvetia Holding AG Registered Shares

     169        103,175  

Kuehne + Nagel International AG Registered Shares

     3,141        430,827  

LafargeHolcim Ltd. Registered Shares*

     17,022        840,759  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International High Dividend Fund (DTH)

March 31, 2019

 

 

 

Investments    Shares      Value  

Nestle S.A. Registered Shares

     70,233      $ 6,692,551  

Novartis AG Registered Shares

     71,215        6,849,054  

Oriflame Holding AG

     1,879        36,161  

Roche Holding AG Genusschein

     19,814        5,458,350  

SGS S.A. Registered Shares

     177        440,412  

Sulzer AG Registered Shares

     778        75,855  

Sunrise Communications Group AG*(a)(b)

     1,985        146,100  

Swiss Life Holding AG Registered Shares*

     434        191,092  

Swiss Re AG

     9,465        924,546  

Swisscom AG Registered Shares(a)

     1,801        880,698  

UBS Group AG Registered Shares*

     78,239        948,232  

Zurich Insurance Group AG

     4,471        1,479,708  
     

 

 

 
Total Switzerland

 

     26,983,587  
United Kingdom – 20.3%

 

Admiral Group PLC

     7,118        201,270  

Aggreko PLC

     5,397        55,360  

Anglo American PLC

     45,022        1,204,705  

Antofagasta PLC

     26,122        328,810  

Ashmore Group PLC

     16,932        94,254  

AstraZeneca PLC

     34,422        2,751,769  

Aviva PLC

     108,477        582,932  

Babcock International Group PLC

     11,680        75,109  

BAE Systems PLC

     91,313        573,986  

Barratt Developments PLC

     61,681        481,598  

BBA Aviation PLC

     13,194        42,809  

BCA Marketplace PLC

     35,870        92,359  

Bellway PLC

     3,615        143,436  

Bovis Homes Group PLC

     8,247        114,286  

BP PLC

     793,015        5,771,196  

Brewin Dolphin Holdings PLC

     7,987        32,492  

British American Tobacco PLC

     86,187        3,587,054  

British Land Co. PLC (The)

     22,319        171,298  

Britvic PLC

     6,341        78,702  

BT Group PLC

     528,631        1,535,753  

Card Factory PLC

     33,609        78,961  

Carnival PLC

     3,783        185,593  

Centrica PLC

     275,000        409,223  

Crest Nicholson Holdings PLC

     30,030        144,783  

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

     12,110        101,860  

Direct Line Insurance Group PLC

     50,491        232,247  

Dixons Carphone PLC

     57,004        109,005  

Drax Group PLC

     18,203        89,754  

Dunelm Group PLC

     13,720        155,448  

Evraz PLC

     71,010        574,054  

G4S PLC

     42,329        101,213  

Galliford Try PLC

     8,166        70,920  

Games Workshop Group PLC

     1,704        69,832  

GlaxoSmithKline PLC

     198,235        4,124,697  

Go-Ahead Group PLC (The)

     2,661        67,996  

Greene King PLC

     18,093        156,875  

Halfords Group PLC

     26,079        78,839  

Hammerson PLC

     13,282        58,117  

HSBC Holdings PLC

     494,483        4,016,148  
Investments    Shares      Value  

Ibstock PLC(b)

     24,191      $ 75,590  

IMI PLC

     6,997        87,345  

Imperial Brands PLC

     49,070        1,678,123  

Inchcape PLC

     17,443        129,783  

Inmarsat PLC

     14,795        106,996  

International Consolidated Airlines Group S.A.

     45,143        300,686  

Investec PLC

     12,173        70,158  

ITV PLC

     151,883        251,545  

J Sainsbury PLC

     75,849        232,954  

John Wood Group PLC

     16,355        108,134  

Jupiter Fund Management PLC

     27,577        130,010  

Kingfisher PLC

     54,198        165,822  

Land Securities Group PLC

     11,652        138,683  

Legal & General Group PLC

     185,044        663,808  

Lloyds Banking Group PLC

     1,573,926        1,274,432  

Man Group PLC

     40,057        70,883  

Marks & Spencer Group PLC

     77,180        280,488  

Meggitt PLC

     17,084        111,930  

Micro Focus International PLC

     12,023        312,783  

Morgan Advanced Materials PLC

     10,999        34,827  

National Express Group PLC

     17,434        92,233  

National Grid PLC

     141,704        1,570,981  

Pagegroup PLC

     13,171        80,664  

Pennon Group PLC

     17,698        171,484  

Persimmon PLC

     22,353        632,058  

Redrow PLC

     8,150        63,825  

Rio Tinto PLC

     49,497        2,877,215  

Royal Dutch Shell PLC Class A

     177,854        5,593,352  

Royal Mail PLC

     33,229        103,182  

RPC Group PLC

     8,301        85,451  

Saga PLC

     53,395        77,369  

Schroders PLC Non-Voting Shares

     2,329        65,097  

Severn Trent PLC

     7,354        189,353  

SSE PLC

     50,077        774,551  

St. James’s Place PLC

     10,197        136,592  

Standard Life Aberdeen PLC

     78,318        269,367  

TalkTalk Telecom Group PLC(a)

     78,831        113,301  

Tate & Lyle PLC

     13,945        131,885  

Telford Homes PLC(a)

     27,300        100,672  

Travis Perkins PLC

     4,662        83,286  

United Utilities Group PLC

     27,332        290,048  

Vodafone Group PLC

     1,467,791        2,673,823  

William Hill PLC

     32,685        68,379  
     

 

 

 
Total United Kingdom

 

     51,213,891  

TOTAL COMMON STOCKS

(Cost: $261,622,555)

              249,547,683  
RIGHTS – 0.0%      
Singapore – 0.0%      

Keppel Infrastructure Trust, expiring 4/4/19*

     
(Cost: $0)      44,722        792  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (concluded)

WisdomTree International High Dividend Fund (DTH)

March 31, 2019

 

 

 

Investments   Shares     Value  
EXCHANGE-TRADED FUND – 0.0%    
United States – 0.0%    

WisdomTree International LargeCap Dividend Fund(a)(c)

   
(Cost: $35,934)     822     $ 38,107  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.6%

 

United States – 3.6%    

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(d)

   
(Cost: $9,191,247)(e)     9,191,247       9,191,247  
TOTAL INVESTMENTS IN SECURITIES – 102.7%
(Cost: $270,849,736)
      258,777,829  

Other Assets less Liabilities – (2.7)%

      (6,925,654
   

 

 

 
NET ASSETS – 100.0%           $ 251,852,175  
* 

Non-income producing security.

 

(a)

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(e)

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $11,106,908 and the total market value of the collateral held by the Fund was $11,824,394. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,633,147.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

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

Citibank N.A.

    4/2/2019       41,849       USD       387,350       SEK     $ 87     $  

Credit Suisse International

    4/1/2019       71,644       USD       63,847       EUR             (46

Royal Bank of Canada

    4/2/2019       110,995       USD       98,800       EUR       57        
                                            $ 144     $ (46

 

CURRENCY LEGEND
EUR   Euro
SEK   Swedish krona
USD   U.S. dollar

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2019

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%

 

Australia – 7.0%

 

Australia & New Zealand Banking Group Ltd.

     139,867      $ 2,586,198  

BHP Group Ltd.

     122,264        3,342,865  

BHP Group PLC

     92,244        2,221,991  

Commonwealth Bank of Australia

     86,544        4,342,701  

CSL Ltd.

     5,345        740,152  

Macquarie Group Ltd.

     12,830        1,179,507  

National Australia Bank Ltd.

     162,931        2,924,700  

Rio Tinto Ltd.

     17,596        1,223,808  

Telstra Corp., Ltd.

     919,274        2,167,980  

Wesfarmers Ltd.

     53,002        1,304,571  

Westpac Banking Corp.

     182,586        3,361,823  

Woodside Petroleum Ltd.

     32,789        806,357  

Woolworths Group Ltd.

     42,288        913,194  
     

 

 

 
Total Australia

 

     27,115,847  
Austria – 0.2%

 

Erste Group Bank AG*

     11,426        420,300  

OMV AG

     9,952        540,516  
     

 

 

 
Total Austria

 

     960,816  
Belgium – 1.8%

 

Anheuser-Busch InBev S.A./N.V.

     71,186        5,975,656  

KBC Group N.V.

     15,270        1,067,848  
     

 

 

 
Total Belgium

 

     7,043,504  
China – 3.9%

 

China Mobile Ltd.

     914,986        9,324,758  

China Overseas Land & Investment Ltd.

     248,000        941,458  

CITIC Ltd.

     873,273        1,303,799  

CNOOC Ltd.

     1,710,529        3,203,177  

Fosun International Ltd.

     201,000        340,550  
     

 

 

 
Total China

 

     15,113,742  
Denmark – 1.2%

 

Coloplast A/S Class B

     5,272        579,007  

Danske Bank A/S

     33,888        595,327  

Novo Nordisk A/S Class B

     54,018        2,830,630  

Orsted A/S(a)

     10,779        817,749  
     

 

 

 
Total Denmark

 

     4,822,713  
Finland – 1.8%

 

Fortum Oyj(b)

     48,846        999,856  

Kone Oyj Class B

     16,604        838,225  

Nokia Oyj

     206,374        1,175,783  

Nordea Bank Abp(b)

     261,660        1,995,886  

Sampo Oyj Class A

     27,292        1,238,357  

UPM-Kymmene Oyj

     20,494        598,304  
     

 

 

 
Total Finland

 

     6,846,411  
France – 12.9%

 

Accor S.A.

     7,752        314,313  

Aeroports de Paris

     1,879        363,736  

Air Liquide S.A.

     10,040        1,277,841  

Airbus SE

     11,197        1,482,304  

AXA S.A.

     109,153        2,749,075  
Investments    Shares      Value  

BNP Paribas S.A.

     54,161      $ 2,591,313  

Bouygues S.A.

     16,139        577,175  

Capgemini SE

     3,012        365,597  

Christian Dior SE

     2,347        1,119,224  

Cie de Saint-Gobain

     17,095        620,194  

Cie Generale des Etablissements Michelin SCA

     5,540        655,650  

CNP Assurances

     22,934        505,243  

Credit Agricole S.A.

     118,579        1,433,987  

Danone S.A.

     19,189        1,480,020  

Electricite de France S.A.

     116,355        1,592,614  

Engie S.A.

     121,625        1,813,605  

EssilorLuxottica S.A.

     7,194        786,614  

Hermes International

     827        546,201  

Kering S.A.

     1,441        827,135  

L’Oreal S.A.

     9,373        2,523,768  

Legrand S.A.

     5,467        366,230  

LVMH Moet Hennessy Louis Vuitton SE

     8,342        3,071,378  

Natixis S.A.

     150,465        806,059  

Orange S.A.

     115,647        1,882,886  

Pernod Ricard S.A.

     3,782        679,459  

Peugeot S.A.

     22,965        560,593  

Publicis Groupe S.A.

     7,834        419,852  

Renault S.A.

     10,664        705,393  

Safran S.A.

     6,675        916,267  

Sanofi

     54,476        4,816,398  

Schneider Electric SE

     17,243        1,354,129  

Societe Generale S.A.

     37,301        1,079,545  

Thales S.A.

     3,379        405,021  

TOTAL S.A.

     119,000        6,616,820  

Unibail-Rodamco-Westfield(b)

     4,324        709,539  

Vinci S.A.

     16,822        1,638,018  

Vivendi S.A.

     27,321        792,397  
     

 

 

 
Total France

 

     50,445,593  
Germany – 8.4%

 

adidas AG

     2,871        698,254  

Allianz SE Registered Shares

     15,938        3,548,415  

BASF SE

     31,853        2,343,755  

Bayer AG Registered Shares

     23,634        1,528,556  

Bayerische Motoren Werke AG

     27,641        2,133,773  

Continental AG

     4,103        618,267  

Covestro AG(a)

     5,791        318,749  

Daimler AG Registered Shares

     60,736        3,563,315  

Deutsche Boerse AG

     3,995        512,725  

Deutsche Post AG Registered Shares

     47,014        1,530,900  

Deutsche Telekom AG Registered Shares

     231,906        3,852,553  

E.ON SE

     80,826        899,568  

Evonik Industries AG

     17,454        475,845  

Fresenius Medical Care AG & Co. KGaA

     4,971        401,323  

Fresenius SE & Co. KGaA

     5,438        303,837  

HeidelbergCement AG

     5,085        366,334  

Henkel AG & Co. KGaA

     6,059        576,584  

Infineon Technologies AG

     14,311        284,182  

Innogy SE

     25,358        1,086,254  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2019

 

  

 

 

Investments    Shares      Value  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     6,210      $ 1,471,281  

SAP SE

     17,583        2,033,536  

Siemens AG Registered Shares

     26,105        2,812,193  

Volkswagen AG

     7,310        1,190,986  
     

 

 

 
Total Germany

 

     32,551,185  
Hong Kong – 2.9%

 

AIA Group Ltd.

     141,000        1,403,722  

BOC Hong Kong Holdings Ltd.

     247,215        1,023,508  

CLP Holdings Ltd.

     87,000        1,008,541  

Galaxy Entertainment Group Ltd.

     56,000        381,302  

Hang Seng Bank Ltd.

     52,195        1,287,928  

Henderson Land Development Co., Ltd.

     125,566        798,189  

Hong Kong & China Gas Co., Ltd.

     333,780        800,227  

Hong Kong Exchanges & Clearing Ltd.

     22,670        790,134  

MTR Corp., Ltd.

     150,443        931,411  

New World Development Co., Ltd.

     330,000        547,341  

Sun Hung Kai Properties Ltd.

     77,942        1,337,434  

Swire Properties Ltd.

     116,600        501,309  

Wheelock & Co., Ltd.

     44,000        322,295  
     

 

 

 
Total Hong Kong

 

     11,133,341  
Ireland – 0.1%

 

CRH PLC

     17,626        547,231  
Italy – 2.7%

 

Assicurazioni Generali SpA

     75,487        1,398,549  

Enel SpA

     418,014        2,677,269  

Eni SpA

     188,886        3,341,276  

Intesa Sanpaolo SpA

     1,010,481        2,463,257  

UniCredit SpA

     40,893        524,736  
     

 

 

 
Total Italy

 

     10,405,087  
Japan – 13.7%

 

Asahi Group Holdings Ltd.

     7,900        351,872  

Asahi Kasei Corp.

     36,300        374,528  

Astellas Pharma, Inc.

     46,000        689,262  

Bridgestone Corp.

     26,900        1,036,775  

Canon, Inc.

     58,300        1,692,351  

Chugai Pharmaceutical Co., Ltd.

     7,800        536,279  

Dai-ichi Life Holdings, Inc.

     25,100        348,772  

Daiichi Sankyo Co., Ltd.

     13,200        608,213  

Daikin Industries Ltd.

     3,900        457,000  

Daiwa House Industry Co., Ltd.

     15,900        505,508  

Denso Corp.

     19,300        752,750  

East Japan Railway Co.

     5,900        569,291  

Eisai Co., Ltd.

     6,500        364,860  

FANUC Corp.

     5,500        938,158  

Fast Retailing Co., Ltd.

     900        423,065  

FUJIFILM Holdings Corp.

     9,800        445,708  

Hitachi Ltd.

     18,100        586,245  

Honda Motor Co., Ltd.

     51,800        1,401,644  

ITOCHU Corp.

     55,700        1,007,718  

Japan Post Holdings Co., Ltd.

     144,600        1,693,108  

Japan Tobacco, Inc.

     89,309        2,214,873  
Investments    Shares      Value  

JXTG Holdings, Inc.

     91,200      $ 417,336  

Kao Corp.

     7,600        598,607  

KDDI Corp.

     76,300        1,644,085  

Kirin Holdings Co., Ltd.

     15,300        365,273  

Komatsu Ltd.(b)

     25,000        580,589  

Kubota Corp.

     24,400        352,602  

Mitsubishi Corp.

     55,100        1,530,265  

Mitsubishi Electric Corp.

     58,300        749,259  

Mitsubishi Estate Co., Ltd.

     19,100        346,073  

Mitsubishi UFJ Financial Group, Inc.

     326,100        1,620,409  

Mitsui Fudosan Co., Ltd.

     14,400        362,000  

Mizuho Financial Group, Inc.

     792,698        1,226,807  

MS&AD Insurance Group Holdings, Inc.

     17,500        532,818  

Murata Manufacturing Co., Ltd.

     10,700        532,849  

Nidec Corp.

     2,200        278,764  

Nintendo Co., Ltd.

     2,500        712,834  

Nippon Steel & Sumitomo Metal Corp.

     30,000        529,611  

Nippon Telegraph & Telephone Corp.

     59,500        2,528,152  

Nissan Motor Co., Ltd.(b)

     197,700        1,622,181  

Nomura Holdings, Inc.

     110,600        399,893  

NTT DOCOMO, Inc.

     135,800        3,007,758  

Otsuka Holdings Co., Ltd.

     11,100        436,138  

Panasonic Corp.

     49,000        422,422  

Recruit Holdings Co., Ltd.

     13,900        396,963  

Secom Co., Ltd.

     5,700        488,299  

Seven & I Holdings Co., Ltd.

     17,500        660,252  

Shin-Etsu Chemical Co., Ltd.

     6,700        561,738  

SoftBank Group Corp.

     6,500        631,002  

Sompo Holdings, Inc.

     8,600        318,406  

Sony Corp.

     7,400        310,548  

Subaru Corp.(b)

     32,300        736,114  

Sumitomo Corp.

     41,700        576,796  

Sumitomo Mitsui Financial Group, Inc.

     42,400        1,484,776  

Sumitomo Mitsui Trust Holdings, Inc.

     9,700        348,441  

Suzuki Motor Corp.

     6,800        300,912  

Takeda Pharmaceutical Co., Ltd.

     33,000        1,347,906  

Tokio Marine Holdings, Inc.

     18,100        876,832  

Tokyo Electron Ltd.(b)

     5,900        852,871  

Toyota Motor Corp.

     94,100        5,514,990  

Yahoo Japan Corp.

     141,100        345,468  
     

 

 

 
Total Japan

 

     53,547,019  
Netherlands – 2.2%

 

ABN AMRO Group N.V. CVA(a)

     47,646        1,075,336  

Akzo Nobel N.V.

     7,144        633,629  

ASML Holding N.V.

     3,648        684,877  

Heineken Holding N.V.

     5,040        505,363  

Heineken N.V.

     9,331        985,706  

ING Groep N.V.

     159,687        1,933,620  

Koninklijke Ahold Delhaize N.V.

     37,072        987,584  

Koninklijke DSM N.V.

     4,007        437,148  

Koninklijke Philips N.V.

     21,460        875,059  

Wolters Kluwer N.V.

     5,809        395,924  
     

 

 

 
Total Netherlands

 

     8,514,246  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2019

 

  

 

 

Investments    Shares      Value  
Norway – 1.2%

 

DNB ASA

     56,674      $ 1,045,082  

Equinor ASA

     108,764        2,385,165  

Telenor ASA

     65,216        1,307,864  
     

 

 

 
Total Norway

 

     4,738,111  
Singapore – 1.2%

 

DBS Group Holdings Ltd.

     69,000        1,285,249  

Oversea-Chinese Banking Corp., Ltd.

     103,783        846,661  

Singapore Telecommunications Ltd.

     883,800        1,970,525  

United Overseas Bank Ltd.

     39,686        738,051  
     

 

 

 
Total Singapore

 

     4,840,486  
Spain – 4.6%

 

Aena SME S.A.(a)

     6,126        1,104,012  

Amadeus IT Group S.A.

     7,047        564,968  

Banco Bilbao Vizcaya Argentaria S.A.

     210,174        1,201,917  

Banco Santander S.A.

     601,097        2,797,296  

CaixaBank S.A.

     195,703        611,770  

Endesa S.A.

     72,650        1,855,017  

Iberdrola S.A.

     306,777        2,695,779  

Industria de Diseno Textil S.A.

     73,102        2,150,563  

Naturgy Energy Group S.A.

     46,456        1,300,427  

Repsol S.A.

     74,065        1,269,081  

Telefonica S.A.

     269,859        2,263,190  
     

 

 

 
Total Spain

 

     17,814,020  
Sweden – 2.2%

 

Assa Abloy AB Class B

     19,396        419,693  

Atlas Copco AB Class A

     22,159        596,422  

Essity AB Class B

     18,149        524,592  

Hennes & Mauritz AB Class B

     103,440        1,728,591  

Sandvik AB

     29,945        487,499  

Skandinaviska Enskilda Banken AB Class A(b)

     118,182        1,025,443  

Svenska Handelsbanken AB Class A(b)

     84,831        897,213  

Swedbank AB Class A(b)

     61,323        868,411  

Telefonaktiebolaget LM Ericsson Class B

     49,408        455,018  

Telia Co. AB

     218,238        987,039  

Volvo AB Class B

     47,073        730,813  
     

 

 

 
Total Sweden

 

     8,720,734  
Switzerland – 10.5%

 

ABB Ltd. Registered Shares

     74,051        1,391,198  

Cie Financiere Richemont S.A. Registered Shares

     10,396        757,231  

Credit Suisse Group AG Registered Shares*

     38,317        446,499  

Geberit AG Registered Shares

     904        369,443  

Givaudan S.A. Registered Shares

     250        638,618  

Kuehne + Nagel International AG Registered Shares

     4,472        613,390  

LafargeHolcim Ltd. Registered Shares*

     22,781        1,125,211  

Nestle S.A. Registered Shares

     96,965        9,239,862  

Novartis AG Registered Shares

     96,532        9,283,899  

Partners Group Holding AG

     654        475,445  

Roche Holding AG Bearer Shares

     6,203        1,690,425  

Roche Holding AG Genusschein

     27,323        7,526,926  

SGS S.A. Registered Shares

     245        609,609  
Investments   Shares     Value  

Swiss Re AG

    15,436     $ 1,507,796  

Swisscom AG Registered Shares(b)

    2,520       1,232,292  

UBS Group AG Registered Shares*

    132,726       1,608,598  

Zurich Insurance Group AG

    7,162       2,370,314  
   

 

 

 
Total Switzerland

 

    40,886,756  
United Kingdom – 20.6%

 

Anglo American PLC

    60,552       1,620,259  

Associated British Foods PLC

    12,825       407,596  

AstraZeneca PLC

    47,103       3,765,515  

Aviva PLC

    172,956       929,427  

BAE Systems PLC

    117,374       737,803  

Barclays PLC

    179,525       361,843  

BP PLC

    1,085,444       7,899,359  

British American Tobacco PLC

    117,972       4,909,927  

BT Group PLC

    709,017       2,059,801  

Coca-Cola European Partners PLC

    12,518       645,163  

Compass Group PLC

    35,096       825,231  

Diageo PLC

    62,291       2,547,062  

GlaxoSmithKline PLC

    272,767       5,675,493  

HSBC Holdings PLC

    851,669       6,917,182  

Imperial Brands PLC

    66,684       2,280,497  

International Consolidated Airlines Group S.A.

    64,515       429,718  

Legal & General Group PLC

    265,265       951,585  

Lloyds Banking Group PLC

    2,762,888       2,237,153  

National Grid PLC

    204,776       2,270,219  

Prudential PLC

    52,556       1,052,928  

Reckitt Benckiser Group PLC

    19,617       1,631,363  

RELX PLC

    54,534       1,166,459  

Rio Tinto PLC

    67,400       3,917,900  

Royal Dutch Shell PLC Class A

    242,008       7,610,939  

Royal Dutch Shell PLC Class B

    196,713       6,223,619  

Smith & Nephew PLC

    20,204       400,958  

SSE PLC

    69,786       1,079,395  

Standard Chartered PLC

    33,408       257,407  

Tesco PLC

    116,706       352,963  

Unilever N.V. CVA

    52,498       3,052,295  

Unilever PLC

    41,081       2,352,670  

Vodafone Group PLC

    1,947,732       3,548,114  
   

 

 

 
Total United Kingdom

 

    80,117,843  

TOTAL COMMON STOCKS

(Cost: $381,450,984)

 

 

    386,164,685  
EXCHANGE-TRADED FUND – 0.0%

 

United States – 0.0%

 

WisdomTree International MidCap Dividend Fund(c)

   
(Cost: $3,574)     62       3,850  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2019

 

  

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3%

 

United States – 2.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(d)

     
(Cost: $8,974,430)(e)      8,974,430      $ 8,974,430  

TOTAL INVESTMENTS IN SECURITIES – 101.4%

(Cost: $390,428,988)

 

 

     395,142,965  

Other Assets less Liabilities – (1.4)%

 

     (5,632,929
     

 

 

 
NET ASSETS – 100.0%

 

   $ 389,510,036  

 

* 

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, 2019 (See Note 2).

 

(c) 

Affiliated company (See Note 3).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(e) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $10,472,949. The total market value of the collateral held by the Fund was $11,094,813. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,120,383.

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
 
Royal Bank of Canada     4/2/2019       64,535       USD       600,000       SEK     $     $ (153

 

CURRENCY LEGEND
SEK   Swedish krona
USD   U.S. dollar

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2019

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%

 

Australia – 9.3%

 

Adelaide Brighton Ltd.

     45,831      $ 146,502  

AGL Energy Ltd.

     67,648        1,046,130  

Alumina Ltd.

     404,935        696,102  

Amcor Ltd.

     103,261        1,128,879  

AMP Ltd.

     476,172        710,322  

Aristocrat Leisure Ltd.

     20,936        364,510  

ASX Ltd.

     16,660        826,517  

Aurizon Holdings Ltd.

     197,927        639,718  

AusNet Services

     434,215        547,489  

Bank of Queensland Ltd.

     63,660        411,510  

Bendigo & Adelaide Bank Ltd.

     62,766        431,591  

Boral Ltd.

     99,788        325,359  

Brambles Ltd.

     119,198        995,746  

Caltex Australia Ltd.

     22,989        428,015  

Challenger Ltd.

     42,125        247,766  

CIMIC Group Ltd.

     24,734        847,918  

Coca-Cola Amatil Ltd.

     79,893        490,905  

Cochlear Ltd.

     2,335        287,414  

Computershare Ltd.

     29,066        352,651  

Crown Resorts Ltd.

     64,850        530,222  

Domino’s Pizza Enterprises Ltd.(a)

     4,199        129,511  

Downer EDI Ltd.

     56,783        309,779  

Evolution Mining Ltd.

     68,442        177,941  

Flight Centre Travel Group Ltd.

     5,870        175,338  

Fortescue Metals Group Ltd.

     522,811        2,640,503  

Harvey Norman Holdings Ltd.(a)

     177,994        508,281  

Healthscope Ltd.

     119,967        207,081  

Iluka Resources Ltd.

     18,585        118,817  

Incitec Pivot Ltd.

     108,657        240,816  

Insurance Australia Group Ltd.

     218,119        1,189,945  

Magellan Financial Group Ltd.

     18,329        474,319  

Medibank Pvt Ltd.

     261,434        512,559  

Newcrest Mining Ltd.

     15,271        276,726  

Orica Ltd.

     20,219        253,212  

Orora Ltd.

     101,132        214,799  

Qantas Airways Ltd.

     89,940        361,611  

QBE Insurance Group Ltd.

     90,491        791,290  

Ramsay Health Care Ltd.

     9,191        420,130  

REA Group Ltd.

     4,573        242,658  

Reece Ltd.

     25,126        175,984  

Seek Ltd.

     21,018        261,875  

Seven Group Holdings Ltd.(a)

     14,860        185,782  

Sonic Healthcare Ltd.

     29,636        517,035  

South32 Ltd.

     419,514        1,111,546  

Star Entertainment Group Ltd. (The)

     71,060        210,996  

Suncorp Group Ltd.

     142,373        1,393,635  

Tabcorp Holdings Ltd.

     150,732        494,675  

Treasury Wine Estates Ltd.

     29,879        316,882  

Washington H Soul Pattinson & Co., Ltd.

     16,957        316,915  

Whitehaven Coal Ltd.

     78,050        224,543  
     

 

 

 
Total Australia

 

     25,910,450  
Investments    Shares      Value  
Austria – 0.9%

 

Andritz AG

     8,923      $ 383,134  

BAWAG Group AG(b)

     4,916        217,154  

EVN AG

     11,850        172,709  

Oesterreichische Post AG

     7,118        301,315  

Telekom Austria AG*

     45,573        331,592  

UNIQA Insurance Group AG

     33,742        336,438  

Verbund AG

     6,321        303,633  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     9,425        242,347  

Voestalpine AG

     10,451        317,664  
     

 

 

 
Total Austria

 

     2,605,986  
Belgium – 2.2%

 

Ackermans & van Haaren N.V.

     2,099        316,998  

Ageas

     22,049        1,064,582  

bpost S.A.(a)

     40,188        433,878  

Colruyt S.A.

     10,790        798,415  

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

     4,687        328,925  

Melexis N.V.(a)

     2,980        180,521  

Proximus SADP

     46,681        1,347,609  

Solvay S.A.

     7,368        797,367  

UCB S.A.

     7,842        674,140  

Umicore S.A.

     7,938        352,873  
     

 

 

 
Total Belgium

 

     6,295,308  
China – 2.2%

 

Beijing Enterprises Holdings Ltd.

     90,200        511,328  

China Everbright International Ltd.

     267,407        271,837  

China Jinmao Holdings Group Ltd.

     1,101,242        718,267  

China Resources Pharmaceutical Group Ltd.(b)

     167,000        236,142  

China Resources Power Holdings Co., Ltd.

     568,000        853,814  

Guangdong Investment Ltd.

     510,208        985,325  

Lenovo Group Ltd.

     1,548,000        1,392,223  

Shenzhen Investment Ltd.

     930,000        355,416  

Sino-Ocean Group Holding Ltd.

     1,217,464        533,516  

Sun Art Retail Group Ltd.

     347,500        338,649  
     

 

 

 
Total China

 

     6,196,517  
Denmark – 2.1%

 

AP Moller–Maersk A/S Class B

     413        524,399  

Carlsberg A/S Class B

     5,613        701,725  

Chr Hansen Holding A/S

     3,477        352,791  

DFDS A/S

     4,369        180,973  

H. Lundbeck A/S(a)

     7,298        316,128  

ISS A/S

     14,598        444,616  

Jyske Bank A/S Registered Shares

     3,801        146,983  

Novozymes A/S Class B

     8,086        372,153  

Pandora A/S

     8,240        386,181  

Topdanmark A/S

     12,479        623,889  

Tryg A/S

     29,516        810,634  

Vestas Wind Systems A/S

     10,745        905,026  
     

 

 

 
Total Denmark               5,765,498  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2019

 

  

 

 

Investments    Shares      Value  
Finland – 1.5%

 

DNA Oyj

     11,057      $ 229,436  

Elisa Oyj

     16,285        735,447  

Huhtamaki Oyj(a)

     6,567        244,587  

Kesko Oyj Class B

     6,959        423,827  

Konecranes Oyj(a)

     4,993        177,666  

Metsa Board Oyj(a)

     12,704        77,957  

Metso Oyj

     12,215        420,521  

Nokian Renkaat Oyj(a)

     12,971        434,604  

Orion Oyj Class B(a)

     13,778        517,028  

Stora Enso Oyj Class R

     32,208        394,015  

Wartsila Oyj Abp

     35,301        570,189  
     

 

 

 
Total Finland

 

     4,225,277  
France – 7.4%

 

ALD S.A.(b)

     30,549        427,059  

Alstom S.A.

     4,667        202,382  

Amundi S.A.(b)

     17,639        1,111,114  

Arkema S.A.

     3,721        354,556  

Atos SE

     3,542        342,033  

Bollore S.A.(a)

     90,822        410,773  

Bureau Veritas S.A.

     26,013        610,462  

Carrefour S.A.

     78,611        1,469,668  

Casino Guichard Perrachon S.A.(a)

     20,848        904,765  

Cie Plastic Omnium S.A.

     5,556        148,041  

Covivio

     7,551        802,079  

Edenred

     17,952        817,786  

Eiffage S.A.

     4,871        468,509  

Elis S.A.

     10,689        171,991  

Eramet

     1,358        75,571  

Eurazeo SE

     4,422        332,671  

Eutelsat Communications S.A.

     36,761        643,716  

Faurecia S.A.

     5,898        248,214  

Getlink SE

     30,944        469,585  

ICADE

     7,545        638,781  

Imerys S.A.

     5,092        254,088  

Ingenico Group S.A.

     2,508        179,161  

Ipsen S.A.

     1,563        214,463  

JCDecaux S.A.

     10,878        331,253  

Klepierre S.A.

     40,910        1,432,278  

Lagardere SCA

     16,240        417,948  

Nexity S.A.

     6,323        308,840  

Orpea

     1,515        182,020  

Remy Cointreau S.A.

     2,059        274,891  

Rexel S.A.

     11,831        133,575  

Rubis SCA

     5,847        319,205  

SCOR SE

     19,507        831,454  

SEB S.A.

     1,566        263,757  

Societe BIC S.A.

     3,512        313,307  

Sodexo S.A.

     10,581        1,166,227  

Suez

     66,170        877,471  

Teleperformance

     2,169        390,161  

Valeo S.A.

     13,351        387,522  

Veolia Environnement S.A.

     50,746        1,135,614  
Investments    Shares      Value  

Vicat S.A.

     3,036      $ 146,177  

Wendel S.A.

     2,682        338,189  
     

 

 

 
Total France

 

     20,547,357  
Germany – 6.2%

 

1&1 Drillisch AG

     9,102        324,388  

Aurubis AG

     2,205        118,273  

Axel Springer SE

     8,076        417,497  

Brenntag AG

     7,712        397,467  

Carl Zeiss Meditec AG Bearer Shares

     2,461        205,730  

CTS Eventim AG & Co. KGaA

     4,111        194,981  

Deutsche Lufthansa AG Registered Shares

     37,673        827,621  

DMG MORI AG

     5,108        247,488  

Duerr AG

     4,260        167,226  

Fielmann AG

     4,811        332,225  

Fraport AG Frankfurt Airport Services Worldwide

     3,855        295,383  

Freenet AG

     21,459        461,544  

Fuchs Petrolub SE

     3,303        130,178  

GEA Group AG

     11,200        293,648  

Hannover Rueck SE

     11,280        1,621,216  

Hella GmbH & Co. KGaA

     5,089        223,996  

Hochtief AG

     3,245        470,031  

Hugo Boss AG

     5,317        363,465  

K+S AG Registered Shares

     6,886        126,340  

KION Group AG

     3,909        204,494  

LANXESS AG

     2,762        147,436  

LEG Immobilien AG

     4,705        578,225  

MAN SE

     9,356        768,994  

Merck KGaA

     4,491        512,592  

METRO AG

     52,913        878,724  

MTU Aero Engines AG

     2,145        486,038  

OSRAM Licht AG

     4,727        162,841  

ProSiebenSat.1 Media SE

     34,918        498,722  

Rheinmetall AG

     1,967        205,139  

RWE AG

     31,287        839,621  

Stroeer SE & Co. KGaA

     3,447        202,038  

Suedzucker AG

     13,735        175,352  

Symrise AG

     4,215        380,139  

Talanx AG

     22,610        872,319  

Telefonica Deutschland Holding AG

     470,817        1,479,710  

TUI AG

     49,743        476,799  

Uniper SE

     23,896        721,502  

United Internet AG Registered Shares

     7,611        278,002  

Wacker Chemie AG

     2,655        228,954  
     

 

 

 
Total Germany

 

     17,316,338  
Hong Kong – 3.4%

 

Bank of East Asia Ltd. (The)

     233,722        759,229  

Dah Sing Banking Group Ltd.

     96,400        181,012  

Hang Lung Group Ltd.

     86,000        276,078  

Hang Lung Properties Ltd.

     486,000        1,186,219  

Hopewell Holdings Ltd.

     91,662        450,723  

Hysan Development Co., Ltd.

     77,000        412,468  

PCCW Ltd.

     1,015,543        631,323  

Power Assets Holdings Ltd.

     229,000        1,588,424  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2019

 

  

 

 

Investments    Shares      Value  

Sino Land Co., Ltd.

     575,046      $ 1,112,007  

SJM Holdings Ltd.

     261,000        297,908  

Swire Pacific Ltd. Class A

     56,500        726,947  

Swire Pacific Ltd. Class B

     155,000        310,002  

Techtronic Industries Co., Ltd.

     62,500        419,987  

Wharf Holdings Ltd. (The)

     411,000        1,240,861  
     

 

 

 
Total Hong Kong

 

     9,593,188  
Ireland – 0.8%

 

AIB Group PLC

     145,821        655,268  

Bank of Ireland Group PLC

     39,822        237,432  

DCC PLC

     4,167        360,268  

Kingspan Group PLC

     4,551        210,842  

Paddy Power Betfair PLC

     4,439        342,673  

Smurfit Kappa Group PLC

     13,270        370,717  
     

 

 

 
Total Ireland

 

     2,177,200  
Israel – 1.1%

 

Azrieli Group Ltd.

     7,319        433,774  

Bank Hapoalim BM

     84,189        557,417  

Bank Leumi Le-Israel BM

     106,954        698,714  

Bezeq Israeli Telecommunication Corp., Ltd.

     528,578        379,392  

Elbit Systems Ltd.

     1,719        221,900  

Israel Chemicals Ltd.

     69,263        360,308  

Mizrahi Tefahot Bank Ltd.

     14,688        301,907  
     

 

 

 
Total Israel

 

     2,953,412  
Italy – 5.3%

 

A2A SpA

     257,158        469,652  

ACEA SpA

     21,569        364,977  

Banca Mediolanum SpA

     116,314        824,759  

Brembo SpA

     14,992        170,189  

Davide Campari-Milano SpA

     28,350        278,537  

De’ Longhi SpA

     13,322        359,904  

DiaSorin SpA

     1,511        152,187  

ERG SpA

     13,434        254,473  

FinecoBank Banca Fineco SpA

     45,653        601,041  

Hera SpA

     118,082        427,465  

IMA Industria Macchine Automatiche SpA

     2,499        186,739  

Infrastrutture Wireless Italiane SpA(b)

     45,290        405,305  

Iren SpA

     74,047        189,069  

Italgas SpA

     77,177        476,967  

Leonardo SpA

     11,555        134,416  

Mediobanca Banca di Credito Finanziario SpA

     93,125        968,485  

Moncler SpA

     5,148        207,633  

Poste Italiane SpA(b)

     148,542        1,446,406  

Prysmian SpA

     11,397        215,823  

Recordati SpA

     12,462        485,695  

Salvatore Ferragamo SpA

     5,662        121,557  

Snam SpA

     454,088        2,334,707  

Societa Iniziative Autostradali e Servizi SpA

     14,950        259,185  

Telecom Italia SpA RSP

     600,377        341,381  

Terna Rete Elettrica Nazionale SpA

     187,418        1,188,578  

Unione di Banche Italiane SpA(a)

     95,701        253,386  

Unipol Gruppo SpA

     98,534        491,237  
Investments    Shares      Value  

UnipolSai Assicurazioni SpA(a)

     413,594      $ 1,116,427  
     

 

 

 
Total Italy

 

     14,726,180  
Japan – 22.4%

 

ABC-Mart, Inc.

     3,878        230,890  

AGC, Inc.

     11,628        407,613  

Air Water, Inc.

     10,800        156,509  

Aisin Seiki Co., Ltd.

     18,000        643,177  

Ajinomoto Co., Inc.

     17,900        286,083  

Alfresa Holdings Corp.

     9,500        270,362  

Amada Holdings Co., Ltd.

     39,300        388,793  

ANA Holdings, Inc.

     11,800        432,725  

Aozora Bank Ltd.

     9,400        232,357  

Asics Corp.

     12,300        165,022  

Azbil Corp.

     10,000        233,907  

Bandai Namco Holdings, Inc.

     14,100        661,146  

Benesse Holdings, Inc.

     6,500        168,835  

Brother Industries Ltd.

     15,500        286,796  

Canon Marketing Japan, Inc.

     14,100        277,325  

Casio Computer Co., Ltd.(a)

     17,800        232,380  

Chiba Bank Ltd. (The)

     42,800        232,396  

Chubu Electric Power Co., Inc.

     37,100        579,368  

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

     25,500        318,160  

Coca-Cola Bottlers Japan Holdings, Inc.

     3,400        86,348  

Concordia Financial Group Ltd.

     72,400        279,304  

Dai Nippon Printing Co., Ltd.

     19,679        470,618  

Daicel Corp.(a)

     21,200        230,224  

Daifuku Co., Ltd.(a)

     5,100        265,402  

Daito Trust Construction Co., Ltd.

     5,620        783,454  

Daiwa Securities Group, Inc.

     150,100        730,938  

Denka Co., Ltd.

     8,400        242,092  

Dentsu, Inc.

     11,600        489,949  

DIC Corp.

     6,100        178,285  

Disco Corp.(a)

     2,100        299,200  

Electric Power Development Co., Ltd.

     10,000        243,574  

FamilyMart UNY Holdings Co., Ltd.

     14,000        356,814  

Fuji Electric Co., Ltd.

     6,375        180,851  

Fujitsu Ltd.

     7,600        548,345  

Fukuoka Financial Group, Inc.

     10,400        230,767  

Hakuhodo DY Holdings, Inc.

     17,600        282,719  

Hamamatsu Photonics K.K.

     5,300        204,942  

Hankyu Hanshin Holdings, Inc.

     7,700        288,702  

Haseko Corp.

     25,800        324,467  

Hikari Tsushin, Inc.

     2,100        397,859  

Hino Motors Ltd.

     29,600        249,241  

Hirose Electric Co., Ltd.(a)

     3,075        323,099  

Hisamitsu Pharmaceutical Co., Inc.(a)

     2,800        128,762  

Hitachi Chemical Co., Ltd.(a)

     12,100        268,051  

Hitachi Construction Machinery Co., Ltd.(a)

     12,300        326,378  

Hitachi High-Technologies Corp.

     6,400        262,222  

Hitachi Metals Ltd.

     19,900        231,209  

Hulic Co., Ltd.

     26,900        263,933  

Idemitsu Kosan Co., Ltd.

     10,100        338,081  

IHI Corp.

     6,600        158,553  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2019

 

  

 

 

Investments    Shares      Value  

Iida Group Holdings Co., Ltd.

     17,400      $ 315,192  

Isuzu Motors Ltd.

     41,000        538,591  

Itochu Techno-Solutions Corp.

     12,900        301,041  

J. Front Retailing Co., Ltd.

     15,200        180,859  

Japan Airlines Co., Ltd.

     20,500        722,135  

Japan Exchange Group, Inc.

     39,800        709,449  

Japan Post Insurance Co., Ltd.(a)

     39,400        852,536  

JFE Holdings, Inc.

     47,100        799,362  

JGC Corp.(a)

     10,500        139,545  

JSR Corp.

     14,100        218,599  

JTEKT Corp.

     25,800        317,474  

Kajima Corp.

     35,276        520,766  

Kaneka Corp.

     5,000        187,243  

Kansai Electric Power Co., Inc. (The)

     47,500        700,366  

Kansai Paint Co., Ltd.(a)

     11,400        217,422  

Kawasaki Heavy Industries Ltd.(a)

     8,256        203,631  

Kikkoman Corp.(a)

     6,200        304,160  

Kintetsu Group Holdings Co., Ltd.

     3,800        177,151  

Kobe Steel Ltd.

     21,800        163,670  

Koito Manufacturing Co., Ltd.

     3,800        215,260  

Konami Holdings Corp.

     3,100        134,576  

Konica Minolta, Inc.(a)

     30,700        302,049  

Kose Corp.

     1,200        220,409  

Kuraray Co., Ltd.

     26,000        330,740  

Kyowa Hakko Kirin Co., Ltd.

     16,100        350,553  

Kyushu Railway Co.(a)

     8,800        289,398  

Lawson, Inc.

     8,400        465,971  

LIXIL Group Corp.

     17,100        228,340  

Mabuchi Motor Co., Ltd.

     5,700        198,265  

Makita Corp.

     8,958        311,994  

Marubeni Corp.

     124,400        859,791  

Marui Group Co., Ltd.(a)

     12,900        260,482  

Maruichi Steel Tube Ltd.

     6,800        198,130  

Mazda Motor Corp.(a)

     27,400        306,590  

Mebuki Financial Group, Inc.

     88,500        226,277  

Medipal Holdings Corp.

     10,300        244,740  

MEIJI Holdings Co., Ltd.

     5,600        454,840  

MINEBEA MITSUMI, Inc.

     16,100        241,896  

Mitsubishi Chemical Holdings Corp.

     106,900        752,748  

Mitsubishi Gas Chemical Co., Inc.

     11,300        161,202  

Mitsubishi Heavy Industries Ltd.

     21,500        893,138  

Mitsubishi Materials Corp.

     9,100        240,233  

Mitsubishi Motors Corp.

     57,700        306,524  

Mitsubishi Tanabe Pharma Corp.

     41,800        558,542  

Mitsui Chemicals, Inc.

     14,100        340,255  

Nabtesco Corp.

     7,300        212,698  

NEC Corp.

     11,960        404,664  

NGK Insulators Ltd.

     16,100        233,896  

NGK Spark Plug Co., Ltd.

     10,400        192,995  

NH Foods Ltd.

     6,000        216,018  

Nifco, Inc.(a)

     7,800        198,726  

Nikon Corp.(a)

     21,700        306,037  

Nippon Express Co., Ltd.

     5,100        283,832  

Nippon Paint Holdings Co., Ltd.

     7,300        286,895  
Investments    Shares      Value  

Nissan Chemical Corp.

     6,100      $ 279,415  

Nisshin Seifun Group, Inc.

     14,300        328,156  

Nissin Foods Holdings Co., Ltd.

     3,800        260,921  

Nitto Denko Corp.

     7,300        383,516  

NOK Corp.(a)

     13,500        210,150  

Nomura Real Estate Holdings, Inc.

     12,568        241,288  

Nomura Research Institute Ltd.

     10,110        459,442  

NSK Ltd.

     48,700        456,267  

Obayashi Corp.

     43,000        432,778  

Obic Co., Ltd.

     5,100        514,216  

Odakyu Electric Railway Co., Ltd.

     14,800        358,751  

Oji Holdings Corp.

     44,862        278,450  

Olympus Corp.

     26,400        286,695  

Omron Corp.

     7,800        365,036  

Ono Pharmaceutical Co., Ltd.

     23,000        450,711  

Oracle Corp.

     3,868        259,649  

Osaka Gas Co., Ltd.

     23,000        453,828  

Otsuka Corp.

     8,500        317,545  

Park24 Co., Ltd.

     10,800        234,471  

Pigeon Corp.

     5,300        216,673  

Pola Orbis Holdings, Inc.

     8,500        271,085  

Resona Holdings, Inc.

     150,100        650,521  

Ricoh Co., Ltd.(a)

     28,960        302,721  

Ryohin Keikaku Co., Ltd.

     700        177,332  

Sankyo Co., Ltd.

     7,200        274,509  

Santen Pharmaceutical Co., Ltd.

     12,800        190,696  

SBI Holdings, Inc.

     15,600        347,559  

SCSK Corp.

     5,200        231,847  

Sega Sammy Holdings, Inc.

     15,573        183,750  

Seibu Holdings, Inc.

     12,800        224,001  

Seiko Epson Corp.(a)

     27,300        418,065  

Sekisui Chemical Co., Ltd.

     25,200        405,030  

Sekisui House Ltd.

     55,700        921,917  

Seven Bank Ltd.(a)

     63,700        188,191  

SG Holdings Co., Ltd.

     10,800        314,677  

Shimadzu Corp.

     8,200        237,069  

Shimamura Co., Ltd.

     1,700        143,913  

Shimano, Inc.

     2,900        471,609  

Shimizu Corp.

     45,800        398,063  

Shizuoka Bank Ltd. (The)

     30,900        235,341  

Showa Shell Sekiyu K.K.

     24,309        333,619  

Skylark Holdings Co., Ltd.

     5,900        97,814  

Sojitz Corp.

     84,200        296,680  

Sony Financial Holdings, Inc.

     29,709        560,441  

Square Enix Holdings Co., Ltd.(a)

     3,500        122,691  

Stanley Electric Co., Ltd.

     7,800        209,649  

Sumitomo Chemical Co., Ltd.

     127,800        594,633  

Sumitomo Dainippon Pharma Co., Ltd.

     12,390        306,378  

Sumitomo Electric Industries Ltd.

     45,512        603,825  

Sumitomo Heavy Industries Ltd.

     6,900        223,486  

Sumitomo Metal Mining Co., Ltd.

     15,300        452,012  

Sumitomo Rubber Industries Ltd.

     18,200        218,364  

Sundrug Co., Ltd.

     3,800        104,712  

Suntory Beverage & Food Ltd.

     12,100        568,460  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2019

 

  

 

 

Investments    Shares      Value  

T&D Holdings, Inc.

     34,951      $ 367,556  

Taiheiyo Cement Corp.

     7,000        233,365  

Taisei Corp.

     10,675        495,727  

Taiyo Nippon Sanso Corp.(a)

     16,700        254,381  

TDK Corp.

     3,900        305,489  

Teijin Ltd.

     10,900        179,820  

TIS, Inc.

     3,100        146,759  

Tobu Railway Co., Ltd.

     8,600        248,245  

Toho Co., Ltd.

     8,200        329,304  

Tohoku Electric Power Co., Inc.

     37,400        477,109  

Tokyo Gas Co., Ltd.

     21,400        578,768  

Tokyu Corp.

     19,800        345,787  

Tokyu Fudosan Holdings Corp.

     34,900        208,735  

Toray Industries, Inc.

     60,000        383,196  

Tosoh Corp.

     21,800        338,960  

TOTO Ltd.

     6,400        271,473  

Toyota Boshoku Corp.

     14,400        217,916  

Toyota Tsusho Corp.

     17,900        583,001  

Trend Micro, Inc.

     7,730        376,426  

Tsuruha Holdings, Inc.

     1,400        113,837  

Ube Industries Ltd.

     9,200        189,095  

USS Co., Ltd.

     16,600        308,049  

West Japan Railway Co.

     8,776        661,183  

Yamada Denki Co., Ltd.(a)

     56,400        278,217  

Yamaha Corp.

     5,800        289,777  

Yamaha Motor Co., Ltd.

     23,960        469,957  

Yamato Holdings Co., Ltd.

     10,100        260,884  

Yaskawa Electric Corp.

     7,000        219,768  

Yokogawa Electric Corp.

     11,400        235,961  

Yokohama Rubber Co., Ltd. (The)

     12,000        222,903  

ZOZO, Inc.(a)

     5,900        111,193  
     

 

 

 
Total Japan

 

     62,637,582  
Netherlands – 2.7%

 

Aalberts Industries N.V.

     5,356        185,411  

Aegon N.V.

     241,092        1,159,722  

ASR Nederland N.V.

     14,487        603,496  

Boskalis Westminster

     10,351        267,901  

Euronext N.V.(b)

     5,679        360,282  

GrandVision N.V.(b)

     11,202        242,759  

Koninklijke KPN N.V.

     429,793        1,363,808  

Koninklijke Vopak N.V.

     8,128        389,337  

NN Group N.V.

     33,658        1,399,470  

Randstad N.V.(a)

     15,275        745,577  

SBM Offshore N.V.

     15,682        298,553  

Signify N.V.(b)

     16,451        440,557  
     

 

 

 
Total Netherlands               7,456,873  
New Zealand – 1.0%

 

Auckland International Airport Ltd.

     94,804        526,303  

Fisher & Paykel Healthcare Corp., Ltd.

     25,057        268,295  

Mercury NZ Ltd.

     160,735        427,523  

Meridian Energy Ltd.

     267,948        764,769  

Ryman Healthcare Ltd.

     23,744        198,369  

Spark New Zealand Ltd.

     260,104        674,085  
     

 

 

 
Total New Zealand               2,859,344  
Investments    Shares      Value  
Norway – 2.5%

 

Aker ASA Class A

     6,233      $ 476,255  

Aker BP ASA

     22,820        813,524  

Gjensidige Forsikring ASA(a)

     59,652        1,032,114  

Leroy Seafood Group ASA

     42,916        311,768  

Mowi ASA

     73,404        1,640,841  

Norsk Hydro ASA

     146,845        595,967  

Orkla ASA

     78,693        604,937  

Salmar ASA

     13,739        660,179  

Storebrand ASA

     48,022        374,402  

Yara International ASA

     12,663        518,778  
     

 

 

 
Total Norway               7,028,765  
Portugal – 1.3%

 

EDP–Energias de Portugal S.A.

     370,324        1,457,443  

Galp Energia, SGPS, S.A.

     60,070        963,180  

Jeronimo Martins, SGPS, S.A.

     64,996        959,697  

Navigator Co. S.A. (The)

     39,388        180,445  
     

 

 

 
Total Portugal

 

     3,560,765  
Singapore – 2.6%

 

CapitaLand Ltd.

     344,400        928,062  

City Developments Ltd.

     28,200        188,416  

ComfortDelGro Corp., Ltd.

     242,300        459,735  

Frasers Property Ltd.

     302,400        404,093  

Jardine Cycle & Carriage Ltd.

     21,611        518,377  

Keppel Corp., Ltd.

     128,900        591,922  

Olam International Ltd.

     230,400        336,797  

SATS Ltd.

     92,200        347,835  

Sembcorp Industries Ltd.

     117,100        220,454  

Singapore Airlines Ltd.

     48,461        345,613  

Singapore Exchange Ltd.

     100,700        543,460  

Singapore Technologies Engineering Ltd.

     300,400        829,455  

UOL Group Ltd.

     50,000        256,552  

Venture Corp., Ltd.

     23,000        304,629  

Wilmar International Ltd.

     427,300        1,044,196  
     

 

 

 
Total Singapore

 

     7,319,596  
Spain – 4.0%

 

Acciona S.A.(a)

     4,870        543,000  

Acerinox S.A.

     23,497        233,073  

ACS Actividades de Construccion y Servicios S.A.

     23,259        1,022,717  

Banco de Sabadell S.A.

     650,275        648,237  

Bankia S.A.

     246,174        638,522  

Bankinter S.A.

     66,257        505,153  

Cia de Distribucion Integral Logista Holdings S.A.

     14,214        335,164  

Ebro Foods S.A.(a)

     11,558        247,359  

EDP Renovaveis S.A.

     18,506        176,625  

Enagas S.A.

     30,420        886,035  

Ferrovial S.A.

     64,723        1,517,438  

Grifols S.A.

     13,768        385,867  

Grupo Catalana Occidente S.A.

     7,636        272,656  

Mapfre S.A.

     374,292        1,032,192  

Mediaset Espana Comunicacion S.A.

     60,162        449,632  

Prosegur Cash S.A.(b)

     78,452        173,361  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2019

 

  

 

 

Investments    Shares      Value  

Prosegur Cia de Seguridad S.A.

     29,554      $ 160,282  

Red Electrica Corp. S.A.

     54,634        1,165,570  

Siemens Gamesa Renewable Energy S.A.*

     14,829        236,357  

Viscofan S.A.

     3,586        224,480  

Zardoya Otis S.A.

     29,743        246,469  
     

 

 

 
Total Spain

 

     11,100,189  
Sweden – 3.5%

 

Alfa Laval AB

     21,384        491,989  

Axfood AB(a)

     22,716        423,692  

BillerudKorsnas AB(a)

     14,184        188,630  

Boliden AB

     15,706        448,051  

Castellum AB

     19,458        378,344  

Dometic Group AB(b)

     16,848        132,691  

Electrolux AB Series B

     22,719        585,164  

Fabege AB

     22,953        334,076  

Hexpol AB

     17,573        148,063  

Husqvarna AB Class B

     23,002        188,325  

ICA Gruppen AB(a)

     16,431        660,762  

Indutrade AB

     6,566        187,311  

Intrum AB(a)

     13,943        401,365  

Investment AB Latour Class B(a)

     30,366        407,595  

Kinnevik AB Class B

     15,228        395,340  

Lundin Petroleum AB

     12,028        408,225  

Saab AB Class B(a)

     4,676        150,182  

Securitas AB Class B

     25,549        413,867  

Skanska AB Class B(a)

     41,103        748,471  

SKF AB Class B(a)

     28,843        480,131  

SSAB AB Class B

     56,569        172,537  

Svenska Cellulosa AB SCA Class B

     23,795        206,772  

Swedish Match AB

     15,981        816,512  

Tele2 AB Class B

     57,595        769,047  

Trelleborg AB Class B

     12,703        197,147  
     

 

 

 
Total Sweden

 

     9,734,289  
Switzerland – 3.2%

 

Adecco Group AG Registered Shares

     14,257        760,450  

Baloise Holding AG Registered Shares

     3,409        563,089  

BKW AG

     3,341        227,788  

Clariant AG Registered Shares*

     16,085        338,045  

Coca-Cola HBC AG*

     12,736        433,976  

DKSH Holding AG(a)

     3,887        224,032  

Dufry AG*

     3,692        387,773  

EMS-Chemie Holding AG Registered Shares

     1,326        718,988  

Flughafen Zurich AG Registered Shares

     1,927        351,577  

Helvetia Holding AG Registered Shares

     769        469,477  

Julius Baer Group Ltd.*

     12,795        516,862  

Logitech International S.A. Registered Shares

     7,251        284,172  

OC Oerlikon Corp. AG Registered Shares*

     17,574        224,815  

SFS Group AG*

     1,857        161,292  

Sonova Holding AG Registered Shares

     2,414        477,516  

Straumann Holding AG Registered Shares

     334        272,492  

Sulzer AG Registered Shares

     2,208        215,279  

Sunrise Communications Group AG*(a)(b)

     4,339        319,358  

Swiss Life Holding AG Registered Shares*

     2,578        1,135,107  
Investments    Shares      Value  

VAT Group AG*(b)

     1,910      $ 200,800  

Vifor Pharma AG

     2,133        288,391  

Vontobel Holding AG Registered Shares

     4,510        242,505  
     

 

 

 
Total Switzerland

 

     8,813,784  
United Kingdom – 13.8%

 

Admiral Group PLC

     37,502        1,060,414  

Antofagasta PLC

     73,091        920,031  

Ashmore Group PLC

     68,986        384,020  

Babcock International Group PLC

     31,354        201,624  

Barratt Developments PLC

     171,850        1,341,784  

BBA Aviation PLC

     66,351        215,282  

Beazley PLC

     38,785        260,275  

Bellway PLC

     11,488        455,820  

Berkeley Group Holdings PLC

     9,327        448,345  

British Land Co. PLC (The)

     93,765        719,643  

Bunzl PLC

     16,625        548,513  

Burberry Group PLC

     19,602        499,226  

Carnival PLC

     13,279        651,466  

Centrica PLC

     967,935        1,440,368  

Cineworld Group PLC

     55,079        210,001  

ConvaTec Group PLC(b)

     86,970        160,413  

Croda International PLC

     5,832        382,857  

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

     28,085        236,228  

Derwent London PLC

     5,227        219,520  

Direct Line Insurance Group PLC

     156,804        721,262  

DS Smith PLC

     68,535        299,974  

easyJet PLC

     20,884        304,104  

Electrocomponents PLC

     23,477        171,864  

Evraz PLC

     196,223        1,586,291  

Fresnillo PLC

     42,473        481,940  

G4S PLC

     116,424        278,381  

Halma PLC

     13,696        298,395  

Hammerson PLC

     75,726        331,350  

Hargreaves Lansdown PLC

     20,323        493,490  

Hays PLC

     69,295        135,442  

Hikma Pharmaceuticals PLC

     10,608        247,635  

HomeServe PLC

     16,343        218,281  

Howden Joinery Group PLC

     34,909        220,754  

IMI PLC

     22,851        285,254  

Inchcape PLC

     31,963        237,818  

Informa PLC

     49,936        484,244  

InterContinental Hotels Group PLC

     6,902        415,057  

Intertek Group PLC

     5,735        362,963  

Investec PLC

     62,948        362,794  

ITV PLC

     407,905        675,563  

J Sainsbury PLC

     147,770        453,844  

Jardine Lloyd Thompson Group PLC

     15,420        384,581  

John Wood Group PLC

     47,266        312,508  

Johnson Matthey PLC

     8,803        360,411  

Kingfisher PLC

     118,423        362,323  

Land Securities Group PLC

     69,787        830,609  

Man Group PLC

     162,098        286,839  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2019

 

  

 

 

Investments    Shares      Value  

Marks & Spencer Group PLC

     202,394      $ 735,542  

Mediclinic International PLC

     9,418        37,405  

Meggitt PLC

     55,906        366,281  

Melrose Industries PLC

     84,804        202,388  

Merlin Entertainments PLC(b)

     37,075        165,850  

Micro Focus International PLC

     28,828        749,972  

Mondi PLC

     21,682        479,732  

Next PLC

     8,458        614,983  

Pearson PLC

     36,657        399,419  

Pennon Group PLC

     44,844        434,515  

Persimmon PLC

     56,484        1,597,153  

Redrow PLC

     30,937        242,278  

Rentokil Initial PLC

     66,577        306,499  

Rightmove PLC

     40,688        270,394  

Royal Mail PLC

     96,767        300,478  

RPC Group PLC

     34,798        358,214  

RSA Insurance Group PLC

     72,549        480,049  

Sage Group PLC (The)

     62,560        571,610  

Schroders PLC

     18,303        644,420  

Segro PLC

     59,533        522,387  

Severn Trent PLC

     22,833        587,910  

Smiths Group PLC

     22,262        416,272  

Spectris PLC

     6,411        209,682  

Spirax-Sarco Engineering PLC

     3,165        296,527  

St. James’s Place PLC

     44,273        593,053  

Standard Life Aberdeen PLC

     322,841        1,110,380  

Tate & Lyle PLC

     50,516        477,757  

Taylor Wimpey PLC

     105,898        242,104  

TP ICAP PLC

     48,828        187,186  

Travis Perkins PLC

     14,086        251,644  

Unite Group PLC (The)

     16,730        200,015  

United Utilities Group PLC

     75,231        798,355  

Victrex PLC

     4,548        127,770  

Weir Group PLC (The)

     9,932        201,635  

Whitbread PLC

     10,676        706,419  

William Hill PLC

     94,041        196,738  

WM Morrison Supermarkets PLC

     130,341        386,473  
     

 

 

 
Total United Kingdom

 

     38,429,290  

TOTAL COMMON STOCKS

(Cost: $264,430,969)

              277,253,188  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.6%

 

United States – 3.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $9,936,957)(d)      9,936,957      9,936,957  

TOTAL INVESTMENTS IN SECURITIES – 103.0%

(Cost: $274,367,926)

 

 

     287,190,145  

Other Assets less Liabilities – (3.0)%

 

     (8,266,518
     

 

 

 
NET ASSETS – 100.0%             $ 278,923,627  
*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $17,241,120. The Fund also had securities on loan having a total market value of $380,435 that were sold and pending settlement. The total market value of the collateral held by the Fund was $18,538,893. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $8,601,936.

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Table of Contents

Schedule of Investments

WisdomTree International Multifactor Fund (DWMF)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%

 

Australia – 7.0%

 

AGL Energy Ltd.

     7,109      $ 109,936  

ASX Ltd.

     2,444        121,249  

Aurizon Holdings Ltd.

     33,686        108,876  

BHP Group Ltd.

     644        17,608  

BHP Group PLC

     4,275        102,977  

BlueScope Steel Ltd.

     9,183        90,998  

Brambles Ltd.

     15,560        129,984  

CIMIC Group Ltd.

     504        17,278  

Macquarie Group Ltd.

     1,177        108,206  

National Australia Bank Ltd.

     5,928        106,411  

Rio Tinto Ltd.

     1,355        94,241  

Santos Ltd.

     3,961        19,217  

Wesfarmers Ltd.

     4,735        116,545  

Westpac Banking Corp.

     5,561        102,390  

Woodside Petroleum Ltd.

     1,067        26,240  

Woolworths Group Ltd.

     5,015        108,297  
     

 

 

 
Total Australia

 

     1,380,453  
Belgium – 1.4%

 

Colruyt S.A.

     1,820        134,672  

Proximus SADP

     1,499        43,274  

UCB S.A.

     1,140        98,001  
     

 

 

 
Total Belgium

 

     275,947  
China – 0.3%

 

WH Group Ltd.(a)

     63,000        67,414  
Denmark – 1.4%

 

Carlsberg A/S Class B

     1,150        143,770  

Coloplast A/S Class B

     951        104,445  

H. Lundbeck A/S

     866        37,513  
     

 

 

 
Total Denmark

 

     285,728  
Finland – 0.4%

 

Stora Enso Oyj Class R

     6,294        76,997  
France – 6.0%

 

Alstom S.A.

     1,924        83,433  

Cie de Saint-Gobain

     2,117        76,803  

CNP Assurances

     5,219        114,976  

Credit Agricole S.A.

     8,586        103,831  

Eurazeo SE

     1,554        116,909  

Hermes International

     253        167,097  

Orange S.A.

     4,692        76,392  

Publicis Groupe S.A.

     1,703        91,270  

Sanofi

     1,573        139,074  

Societe BIC S.A.

     569        50,761  

TOTAL S.A.

     2,959        164,531  
     

 

 

 
Total France

 

     1,185,077  
Germany – 8.1%

 

Allianz SE Registered Shares

     887        197,480  

Covestro AG(a)

     2,791        153,623  

Deutsche Lufthansa AG Registered Shares

     4,313        94,750  

Deutsche Telekom AG Registered Shares

     7,309        121,421  
Investments    Shares      Value  

Deutsche Wohnen SE Bearer Shares

     4,088      $ 198,435  

E.ON SE

     18,418        204,987  

Evonik Industries AG

     3,422        93,293  

Hannover Rueck SE

     1,295        186,124  

Hochtief AG

     934        135,288  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     783        185,509  

ProSiebenSat.1 Media SE

     2,284        32,622  
     

 

 

 
Total Germany

 

     1,603,532  
Hong Kong – 4.4%

 

CK Asset Holdings Ltd.

     12,000        106,701  

CK Hutchison Holdings Ltd.

     8,000        84,026  

CK Infrastructure Holdings Ltd.

     17,000        139,574  

CLP Holdings Ltd.

     8,500        98,536  

Henderson Land Development Co., Ltd.

     9,000        57,211  

Hong Kong Exchanges & Clearing Ltd.

     2,600        90,620  

Hysan Development Co., Ltd.

     20,000        107,134  

Kerry Properties Ltd.

     20,500        91,532  

Swire Pacific Ltd. Class A

     8,000        102,931  
     

 

 

 
Total Hong Kong

 

     878,265  
Israel – 0.6%

 

Israel Chemicals Ltd.

     22,200        115,485  
Italy – 2.6%

 

Assicurazioni Generali SpA

     6,157        114,071  

Enel SpA

     22,044        141,186  

Eni SpA

     9,257        163,751  

Recordati SpA

     2,318        90,342  
     

 

 

 
Total Italy

 

     509,350  
Japan – 24.4%

 

Aeon Mall Co., Ltd.

     3,900        64,128  

AGC, Inc.

     800        28,044  

Alfresa Holdings Corp.

     2,800        79,686  

ANA Holdings, Inc.

     2,000        73,343  

Asahi Group Holdings Ltd.

     1,400        62,357  

Astellas Pharma, Inc.

     3,700        55,441  

Brother Industries Ltd.

     6,800        125,820  

Canon, Inc.

     6,300        182,878  

Casio Computer Co., Ltd.

     8,100        105,746  

Central Japan Railway Co.

     400        92,912  

Dai Nippon Printing Co., Ltd.

     2,200        52,612  

Dai-ichi Life Holdings, Inc.

     2,400        33,349  

Daicel Corp.

     6,000        65,158  

Daiwa House Industry Co., Ltd.

     1,700        54,048  

East Japan Railway Co.

     1,000        96,490  

Electric Power Development Co., Ltd.

     1,400        34,100  

FUJIFILM Holdings Corp.

     3,400        154,633  

Fujitsu Ltd.

     2,100        151,516  

Hitachi Ltd.

     4,500        145,751  

Hoya Corp.

     1,100        72,638  

ITOCHU Corp.

     4,900        88,650  

Japan Airlines Co., Ltd.

     1,800        63,407  

Japan Tobacco, Inc.

     2,000        49,600  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2019

 

 

 

Investments    Shares      Value  

Kajima Corp.

     1,800      $ 26,573  

Kamigumi Co., Ltd.

     1,000        23,165  

KDDI Corp.

     1,600        34,476  

Kintetsu Group Holdings Co., Ltd.

     1,100        51,281  

Kirin Holdings Co., Ltd.

     2,100        50,136  

Kobe Steel Ltd.

     7,000        52,555  

Konica Minolta, Inc.

     15,400        151,516  

Kyushu Electric Power Co., Inc.

     4,500        53,137  

Kyushu Railway Co.

     3,100        101,947  

Marubeni Corp.

     6,200        42,851  

McDonald’s Holdings Co., Japan Ltd.

     2,900        134,146  

Medipal Holdings Corp.

     2,500        59,403  

MEIJI Holdings Co., Ltd.

     700        56,855  

Mitsubishi Corp.

     1,700        47,213  

Mitsubishi Estate Co., Ltd.

     2,700        48,921  

Mitsubishi Heavy Industries Ltd.

     1,500        62,312  

Mitsui Chemicals, Inc.

     2,900        69,981  

MS&AD Insurance Group Holdings, Inc.

     2,500        76,117  

Nippon Steel & Sumitomo Metal Corp.

     5,100        90,034  

Nippon Telegraph & Telephone Corp.

     1,200        50,988  

Nomura Research Institute Ltd.

     2,900        131,788  

NSK Ltd.

     3,200        29,981  

Seiko Epson Corp.

     10,600        162,326  

Sekisui House Ltd.

     9,200        152,274  

Seven & I Holdings Co., Ltd.

     1,700        64,139  

SG Holdings Co., Ltd.

     700        20,396  

Shionogi & Co., Ltd.

     600        37,143  

Showa Denko K.K.

     1,000        35,145  

Sony Corp.

     2,000        83,932  

Sony Financial Holdings, Inc.

     1,600        30,183  

SUMCO Corp.

     8,900        98,983  

Sumitomo Chemical Co., Ltd.

     14,800        68,862  

Sumitomo Corp.

     2,400        33,197  

Sumitomo Heavy Industries Ltd.

     800        25,911  

Sumitomo Mitsui Financial Group, Inc.

     1,200        42,022  

Suntory Beverage & Food Ltd.

     1,100        51,678  

Suzuken Co., Ltd.

     1,000        57,912  

T&D Holdings, Inc.

     2,500        26,291  

Taiheiyo Cement Corp.

     2,000        66,676  

Taisei Corp.

     500        23,219  

Teijin Ltd.

     6,300        103,933  

Tokio Marine Holdings, Inc.

     1,500        72,666  

Tokyo Electric Power Co. Holdings, Inc.*

     500        3,162  

Toshiba Corp.

     700        22,293  

Tosoh Corp.

     3,800        59,085  

West Japan Railway Co.

     1,300        97,942  
     

 

 

 
Total Japan

 

     4,817,053  
Luxembourg – 0.4%

 

ArcelorMittal

     3,659        74,191  
Netherlands – 3.0%

 

Aegon N.V.

     18,750        90,193  

EXOR N.V.

     1,170        76,065  

Heineken Holding N.V.

     1,175        117,818  
Investments    Shares      Value  

Koninklijke Ahold Delhaize N.V.

     5,523      $ 147,130  

NN Group N.V.

     2,678        111,349  

Randstad N.V.

     1,097        53,545  
     

 

 

 
Total Netherlands

 

     596,100  
Norway – 1.0%

 

Mowi ASA

     3,883        86,799  

Telenor ASA

     5,112        102,518  
     

 

 

 
Total Norway

 

     189,317  
Singapore – 1.7%

 

ComfortDelGro Corp., Ltd.

     39,100        74,188  

SATS Ltd.

     11,200        42,253  

Singapore Exchange Ltd.

     21,100        113,873  

Wilmar International Ltd.

     44,800        109,478  
     

 

 

 
Total Singapore

 

     339,792  
Spain – 3.7%

 

Aena SME S.A.(a)

     425        76,592  

Enagas S.A.

     5,769        168,032  

Endesa S.A.

     5,322        135,890  

Red Electrica Corp. S.A.

     6,369        135,877  

Repsol S.A.

     9,704        166,275  

Telefonica S.A.

     6,337        53,146  
     

 

 

 
Total Spain

 

     735,812  
Sweden – 2.0%

 

Sandvik AB

     3,438        55,970  

Securitas AB Class B

     4,153        67,274  

SKF AB Class B

     3,543        58,978  

Svenska Handelsbanken AB Class A

     10,184        107,711  

Telia Co. AB

     10,111        45,730  

Volvo AB Class B

     4,414        68,528  
     

 

 

 
Total Sweden

 

     404,191  
Switzerland – 9.1%

 

Adecco Group AG Registered Shares

     2,807        149,722  

Julius Baer Group Ltd.*

     3,383        136,658  

Nestle S.A. Registered Shares

     2,187        208,401  

Novartis AG Registered Shares

     2,512        241,590  

Roche Holding AG Genusschein

     857        236,086  

SGS S.A. Registered Shares

     62        154,269  

Sonova Holding AG Registered Shares

     909        179,810  

Swiss Life Holding AG Registered Shares*

     377        165,995  

Swisscom AG Registered Shares

     271        132,520  

Zurich Insurance Group AG

     586        193,941  
     

 

 

 
Total Switzerland

 

     1,798,992  
United Kingdom – 22.0%

 

Admiral Group PLC

     3,876        109,598  

Anglo American PLC

     3,298        88,248  

Auto Trader Group PLC(a)

     13,561        92,170  

Aviva PLC

     22,847        122,775  

Barratt Developments PLC

     19,489        152,168  

Berkeley Group Holdings PLC

     3,133        150,602  

BP PLC

     21,833        158,890  

BT Group PLC

     15,074        43,792  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2019

 

 

 

Investments    Shares      Value  

Carnival PLC

     2,707      $ 132,805  

Coca-Cola European Partners PLC

     2,679        138,611  

Compass Group PLC

     8,078        189,942  

Diageo PLC

     3,440        140,661  

Direct Line Insurance Group PLC

     26,518        121,977  

Fiat Chrysler Automobiles N.V.*

     8,027        119,622  

GlaxoSmithKline PLC

     7,085        147,418  

HSBC Holdings PLC

     14,089        114,430  

InterContinental Hotels Group PLC

     2,962        178,122  

International Consolidated Airlines Group S.A.

     9,206        61,319  

Investec PLC

     10,688        61,599  

ITV PLC

     22,591        37,415  

Legal & General Group PLC

     40,095        143,833  

Lloyds Banking Group PLC

     165,281        133,831  

London Stock Exchange Group PLC

     1,379        85,371  

Marks & Spencer Group PLC

     43,074        156,540  

Merlin Entertainments PLC(a)

     30,449        136,210  

Pearson PLC

     6,351        69,201  

Persimmon PLC

     5,066        143,247  
Investments    Shares      Value  

RELX PLC

     4,019      $ 85,965  

Rio Tinto PLC

     2,030        118,002  

Royal Dutch Shell PLC Class A

     5,329        167,592  

Schroders PLC

     2,783        97,985  

Segro PLC

     4,894        42,944  

Smith & Nephew PLC

     4,717        93,611  

Taylor Wimpey PLC

     56,671        129,561  

Tesco PLC

     28,964        87,598  

Unilever N.V. CVA

     2,485        144,481  

Unilever PLC

     2,616        149,816  
     

 

 

 
Total United Kingdom

 

     4,347,952  

TOTAL INVESTMENTS IN SECURITIES – 99.5%

(Cost: $18,931,952)

 

 

     19,681,648  

Other Assets less Liabilities – 0.5%

 

     96,479  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 19,778,127  

 

* 

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.

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.

    4/10/2019       90,995       USD       10,132,338       JPY     $     $ (606

Barclays Bank PLC

    4/10/2019       56,389       DKK       8,555       USD             (68

Barclays Bank PLC

    4/10/2019       45,249       SGD       33,382       USD       30        

Barclays Bank PLC

    4/10/2019       64,693       USD       234,124       ILS       148        

Citibank N.A.

    4/10/2019       218,040       AUD       153,997       USD       914        

Citibank N.A.

    4/10/2019       220,894       CHF       220,402       USD       1,571        

Citibank N.A.

    4/10/2019       168,917       DKK       25,642       USD             (218

Citibank N.A.

    4/10/2019       435,360       EUR       493,131       USD             (3,954

Citibank N.A.

    4/10/2019       223,384       GBP       297,075       USD             (5,875

Citibank N.A.

    4/10/2019       27,380       ILS       7,604       USD             (56

Citibank N.A.

    4/10/2019       15,680       ILS       4,358       USD             (35

Citibank N.A.

    4/10/2019       62,866,012       JPY       563,799       USD       4,536        

Citibank N.A.

    4/10/2019       199,036       NOK       23,217       USD             (97

Citibank N.A.

    4/10/2019       396,334       SEK       42,626       USD       129        

Citibank N.A.

    4/10/2019       621,116       SEK       66,736       USD       268        

Citibank N.A.

    4/10/2019       29,853       SGD       22,026       USD       17        

Citibank N.A.

    4/10/2019       2,253,457       USD       3,199,047       AUD             (19,381

Citibank N.A.

    4/10/2019       3,713,351       USD       3,297,954       EUR       7,724        

Citibank N.A.

    4/10/2019       4,428,694       USD       490,213,467       JPY             (3,040

Goldman Sachs

    4/10/2019       1,630,528       AUD       1,149,638       USD       8,809        

Goldman Sachs

    4/10/2019       137,637       NOK       16,042       USD             (54

Goldman Sachs

    4/10/2019       977,766       USD       980,391       CHF             (7,417

Goldman Sachs

    4/10/2019       2,148,968       USD       1,642,691       GBP       7,580        

Goldman Sachs

    4/10/2019       199,959       USD       1,756,374       NOK             (4,063

Goldman Sachs

    4/10/2019       400,243       USD       3,780,805       SEK             (7,619

Goldman Sachs

    4/10/2019       205,840       USD       279,468       SGD             (516

HSBC Holdings PLC

    4/10/2019       893,933       USD       898,568       CHF             (9,027

Morgan Stanley & Co. International

    4/10/2019       259,890       USD       229,585       EUR       1,925        

UBS AG

    4/10/2019       282,158       USD       397,975       AUD             (593

UBS AG

    4/10/2019       111,931       USD       112,184       CHF             (802

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Multifactor Fund (DWMF)

March 31, 2019

 

 

 

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

    4/10/2019       212,701       USD       1,409,129       DKK     $ 606     $  

UBS AG

    4/10/2019       26,633       USD       175,303       DKK       247        

UBS AG

    4/10/2019       464,954       USD       410,208       EUR       4,038        

UBS AG

    4/10/2019       269,075       USD       203,159       GBP       4,240        

UBS AG

    4/10/2019       255,646       USD       193,066       GBP       3,968        

UBS AG

    4/10/2019       8,100       USD       29,117       ILS       73        

UBS AG

    4/10/2019       554,523       USD       61,548,614       JPY             (1,902

UBS AG

    4/10/2019       25,037       USD       214,603       NOK       109        

UBS AG

    4/10/2019       50,115       USD       465,263       SEK             (76

UBS AG

    4/10/2019       25,773       USD       34,871       SGD       25        
                                            $ 46,957     $ (65,399

 

CURRENCY LEGEND
AUD   Australian dollar
CHF   Swiss franc
DKK   Danish krone
EUR   Euro
GBP   British pound
ILS   Israeli new shekel
JPY   Japanese yen
NOK   Norwegian krone
SEK   Swedish krona
SGD   Singapore dollar
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Table of Contents

Schedule of Investments

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
Australia – 6.5%      

Altium Ltd.

     2,592      $ 59,508  

ARB Corp., Ltd.(a)

     2,590        31,645  

Aristocrat Leisure Ltd.

     10,276        178,912  

Blackmores Ltd.(a)

     508        33,607  

Caltex Australia Ltd.

     20,630        384,095  

carsales.com Ltd.

     13,239        118,965  

Cochlear Ltd.

     1,659        204,205  

Computershare Ltd.

     23,396        283,858  

Corporate Travel Management Ltd.(a)

     1,862        33,675  

Costa Group Holdings Ltd.

     1,812        6,616  

Crown Resorts Ltd.

     41,972        343,168  

CSL Ltd.

     9,637        1,334,489  

Domino’s Pizza Enterprises Ltd.(a)

     2,009        61,964  

Flight Centre Travel Group Ltd.

     2,264        67,626  

Inghams Group Ltd.(a)

     40,834        126,758  

Magellan Financial Group Ltd.

     13,727        355,228  

McMillan Shakespeare Ltd.

     6,623        56,456  

Mineral Resources Ltd.

     14,167        159,004  

Northern Star Resources Ltd.

     19,990        127,089  

Pendal Group Ltd.

     31,259        205,395  

Platinum Asset Management Ltd.(a)

     54,114        176,439  

Reece Ltd.

     12,264        85,898  

Seek Ltd.

     10,813        134,725  

Technology One Ltd.

     13,373        75,996  

Webjet Ltd.

     2,875        29,715  
     

 

 

 
Total Australia

 

     4,675,036  
Austria – 0.4%      

Lenzing AG

     2,772        297,248  
Belgium – 0.6%      

Kinepolis Group N.V.

     869        49,178  

Melexis N.V.(a)

     1,973        119,520  

Warehouses De Pauw CVA

     1,656        265,900  
     

 

 

 
Total Belgium

 

     434,598  
China – 3.7%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     18,000        32,973  

China Everbright International Ltd.

     146,074        148,494  

China Overseas Land & Investment Ltd.

     594,000        2,254,944  

China South City Holdings Ltd.

     650,000        104,332  

CSPC Pharmaceutical Group Ltd.

     70,000        130,192  
     

 

 

 
Total China

 

     2,670,935  
Denmark – 10.4%      

Ambu A/S Class B

     745        19,733  

Chr Hansen Holding A/S

     2,541        257,821  

Coloplast A/S Class B

     9,435        1,036,216  

DFDS A/S

     2,669        110,555  

DSV A/S

     1,119        92,635  

GN Store Nord A/S

     1,430        66,460  

Novo Nordisk A/S Class B

     102,422        5,367,078  

Pandora A/S

     4,936        231,334  

Rockwool International A/S Class B

     42        9,848  

Royal Unibrew A/S

     2,012      148,585  

SimCorp A/S

     894        86,393  
     

 

 

 
Total Denmark

 

     7,426,658  
Finland – 2.1%      

DNA Oyj

     8,023        166,480  

Neste Oyj

     6,444        687,386  

Nokian Renkaat Oyj

     8,259        276,725  

Wartsila Oyj Abp

     21,881        353,426  
     

 

 

 
Total Finland

 

     1,484,017  
France – 7.0%      

Airbus SE

     16,970        2,246,556  

Alten S.A.

     714        76,484  

Eurazeo SE

     2,864        215,461  

Hermes International

     1,025        676,972  

Ipsen S.A.

     1,291        177,141  

Safran S.A.

     9,723        1,334,661  

SEB S.A.

     917        154,448  

Trigano S.A.

     50        3,902  

Valeo S.A.

     4,524        131,312  
     

 

 

 
Total France

 

     5,016,937  
Germany – 4.7%      

1&1 Drillisch AG

     8,613        306,961  

adidas AG

     3,471        844,179  

AURELIUS Equity Opportunities SE & Co. KGaA

     5,733        261,226  

Bechtle AG

     1,089        100,941  

CompuGroup Medical SE

     1,124        66,259  

Continental AG

     4,464        672,664  

CTS Eventim AG & Co. KGaA

     1,906        90,400  

Fielmann AG

     2,564        177,058  

Fuchs Petrolub SE

     3,013        118,748  

Hugo Boss AG

     3,233        221,005  

Nemetschek SE

     560        95,577  

Pfeiffer Vacuum Technology AG

     306        46,866  

Siltronic AG

     1,110        98,014  

United Internet AG Registered Shares

     6,756        246,772  

Wirecard AG

     203        25,461  
     

 

 

 
Total Germany

 

     3,372,131  
Hong Kong – 1.1%      

Galaxy Entertainment Group Ltd.

     64,000        435,773  

Techtronic Industries Co., Ltd.

     34,500        231,833  

Vitasoy International Holdings Ltd.

     26,000        125,861  
     

 

 

 
Total Hong Kong

 

     793,467  
Ireland – 0.5%      

Glanbia PLC

     9,066        177,535  

Hibernia REIT PLC

     12,808        19,214  

Irish Continental Group PLC

     7,270        39,673  

Kingspan Group PLC

     2,511        116,331  
     

 

 

 
Total Ireland

 

     352,753  
Israel – 0.5%      

Bezeq Israeli Telecommunication Corp., Ltd.

     511,906        367,425  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2019

 

 

 

Investments    Shares      Value  
Italy – 2.0%      

Brembo SpA

     9,161      $ 103,996  

Datalogic SpA

     845        19,735  

De’ Longhi SpA

     7,828        211,479  

DiaSorin SpA

     986        99,310  

Ferrari N.V.

     1,428        191,610  

Gima TT SpA(b)

     324        2,592  

IMA Industria Macchine Automatiche SpA

     1,225        91,539  

Interpump Group SpA

     1,849        60,374  

Moncler SpA

     2,261        91,192  

Recordati SpA

     10,611        413,554  

Reply SpA

     512        32,999  

Salvatore Ferragamo SpA

     3,482        74,755  

Technogym SpA(b)

     3,088        38,037  
     

 

 

 
Total Italy

 

     1,431,172  
Japan – 16.2%      

Ai Holdings Corp.

     1,600        26,439  

Asahi Intecc Co., Ltd.

     900        42,282  

Astellas Pharma, Inc.

     83,100        1,245,167  

Benefit One, Inc.

     2,900        56,907  

Calbee, Inc.

     3,000        80,824  

Chugai Pharmaceutical Co., Ltd.

     11,400        783,792  

Create SD Holdings Co., Ltd.

     1,700        39,979  

CyberAgent, Inc.

     800        32,633  

Daikin Industries Ltd.

     4,800        562,461  

Dip Corp.(a)

     1,100        19,002  

Disco Corp.

     1,500        213,715  

Elecom Co., Ltd.

     1,800        55,536  

Financial Products Group Co., Ltd.

     4,400        36,056  

Funai Soken Holdings, Inc.

     1,000        24,059  

GMO Payment Gateway, Inc.

     700        49,709  

Harmonic Drive Systems, Inc.(a)

     1,100        37,665  

Haseko Corp.

     14,100        177,325  

Hazama Ando Corp.

     8,900        59,583  

Hikari Tsushin, Inc.

     900        170,511  

Hoya Corp.

     9,000        594,308  

Japan Lifeline Co., Ltd.(a)

     2,400        39,637  

Japan Material Co., Ltd.

     700        8,576  

Kakaku.com, Inc.

     5,300        101,849  

Kaken Pharmaceutical Co., Ltd.

     3,100        140,877  

Keyence Corp.

     300        186,936  

Koito Manufacturing Co., Ltd.

     2,400        135,953  

Kotobuki Spirits Co., Ltd.

     100        3,831  

Kyudenko Corp.

     2,100        65,836  

Lasertec Corp.

     1,300        54,321  

M3, Inc.

     3,100        52,010  

Meitec Corp.

     1,900        86,344  

Mixi, Inc.

     7,000        161,774  

Modec, Inc.

     1,900        54,072  

MonotaRO Co., Ltd.(a)

     2,100        46,692  

Murata Manufacturing Co., Ltd.

     19,200        956,140  

Nidec Corp.

     2,600        329,448  

Nihon M&A Center, Inc.

     1,700        46,538  

Nissan Chemical Corp.

     3,800      174,062  

Nitto Denko Corp.

     6,800        357,248  

Obara Group, Inc.

     300        9,934  

Open House Co., Ltd.(a)

     1,100        37,715  

Oracle Corp.

     3,400        228,233  

Oriental Land Co., Ltd.

     1,500        170,348  

Park24 Co., Ltd.

     5,100        110,722  

Pigeon Corp.

     3,100        126,734  

Pilot Corp.

     100        4,052  

Relo Group, Inc.

     3,100        87,103  

Ryohin Keikaku Co., Ltd.

     200        50,666  

Seria Co., Ltd.(a)

     500        17,234  

Shimano, Inc.

     1,100        178,886  

Sundrug Co., Ltd.

     3,100        85,423  

Sysmex Corp.

     2,300        139,016  

Systena Corp.

     2,000        21,719  

T-Gaia Corp.

     2,400        39,810  

TechnoPro Holdings, Inc.

     1,000        59,629  

Toei Animation Co., Ltd.

     900        44,396  

Tokyo Electron Ltd.

     10,800        1,561,187  

Trend Micro, Inc.

     6,400        311,659  

United Arrows Ltd.

     1,100        38,311  

USS Co., Ltd.

     9,400        174,437  

Yahoo Japan Corp.

     245,000        599,855  

Yaskawa Electric Corp.(a)

     5,500        172,675  

ZOZO, Inc.(a)

     1,900        35,808  
     

 

 

 
Total Japan

 

     11,615,649  
Netherlands – 2.4%      

ASM International N.V.

     1,960        106,298  

ASML Holding N.V.

     6,423        1,205,857  

BE Semiconductor Industries N.V.

     12,537        333,911  

Corbion N.V.

     2,332        70,175  
     

 

 

 
Total Netherlands

 

     1,716,241  
New Zealand – 0.9%      

Fisher & Paykel Healthcare Corp., Ltd.

     18,933        202,723  

Mainfreight Ltd.

     3,181        77,775  

Ryman Healthcare Ltd.

     17,980        150,214  

Z Energy Ltd.

     41,079        175,379  
     

 

 

 
Total New Zealand

 

     606,091  
Norway – 1.9%      

Borregaard ASA

     4,879        48,441  

Entra ASA(b)

     9,740        147,261  

Grieg Seafood ASA

     8,157        99,078  

Leroy Seafood Group ASA

     32,225        234,102  

Salmar ASA

     11,791        566,575  

Tomra Systems ASA

     3,007        89,739  

Veidekke ASA

     11,720        123,167  

XXL ASA(a)(b)

     2,353        7,787  
     

 

 

 
Total Norway

 

     1,316,150  
Portugal – 0.1%      

Altri, SGPS, S.A.

     8,815        69,087  

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2019

 

 

 

Investments    Shares      Value  
Singapore – 0.7%      

First Resources Ltd.

     81,900      $ 99,163  

Sheng Siong Group Ltd.

     101,400        77,856  

SIA Engineering Co., Ltd.

     60,200        109,333  

Venture Corp., Ltd.

     17,200        227,810  
     

 

 

 
Total Singapore

 

     514,162  
Spain – 4.3%      

Cie Automotive S.A.

     3,590        96,664  

Industria de Diseno Textil S.A.

     85,673        2,520,386  

Prosegur Cash S.A.(b)

     47,377        104,692  

Prosegur Cia de Seguridad S.A.

     17,917        97,170  

Zardoya Otis S.A.

     28,959        239,973  
     

 

 

 
Total Spain

 

     3,058,885  
Sweden – 5.8%      

AddTech AB Class B

     2,282        47,484  

Atlas Copco AB Class A

     33,911        912,734  

Atlas Copco AB Class B

     13,693        339,693  

Beijer Ref AB

     2,334        37,620  

Bonava AB Class B

     5,728        72,192  

Electrolux AB Series B

     14,612        376,355  

Evolution Gaming Group AB(b)

     877        69,259  

Fagerhult AB(a)

     2,774        21,354  

Hexpol AB

     11,496        96,861  

Indutrade AB

     3,897        111,171  

Intrum AB(a)

     8,734        251,418  

Investment AB Latour Class B(a)

     20,004        268,509  

JM AB

     6,368        114,380  

Lifco AB Class B

     1,761        71,956  

Loomis AB Class B

     2,894        99,844  

Mycronic AB

     5,104        72,912  

NetEnt AB*

     17,241        62,735  

Nobia AB

     8,260        48,534  

Nolato AB Class B

     50        2,083  

Paradox Interactive AB

     982        15,246  

Peab AB

     23,333        202,129  

Sandvik AB

     43,092        701,529  

Sweco AB Class B

     4,055        97,929  

Thule Group AB(b)

     2,233        50,557  

Vitrolife AB

     1,454        33,178  
     

 

 

 
Total Sweden

 

     4,177,662  
Switzerland – 6.6%      

Bucher Industries AG Registered Shares

     367        122,714  

EMS-Chemie Holding AG Registered Shares

     1,181        640,366  

Kuehne + Nagel International AG Registered Shares

     6,864        941,482  

Logitech International S.A. Registered Shares

     4,429        173,576  

Oriflame Holding AG

     2,136        41,107  

Partners Group Holding AG

     1,347        979,243  

SGS S.A. Registered Shares

     321        798,713  

Sonova Holding AG Registered Shares

     1,936        382,962  

Straumann Holding AG Registered Shares

     211        172,143  

Sunrise Communications Group AG*(b)

     4,474        329,294  

Temenos AG Registered Shares*

     635        93,602  

Ypsomed Holding AG Registered Shares*

     259      33,158  
     

 

 

 
Total Switzerland

 

     4,708,360  
United Kingdom – 21.1%      

Abcam PLC

     2,391        35,362  

Ashtead Group PLC

     9,041        218,241  

Barratt Developments PLC

     88,378        690,045  

Bellway PLC

     5,974        237,036  

Bovis Homes Group PLC

     6,238        86,446  

British American Tobacco PLC

     83,778        3,486,793  

Cineworld Group PLC

     28,179        107,439  

Compass Group PLC

     39,910        938,426  

Computacenter PLC

     3,946        56,869  

Cranswick PLC

     1,360        48,238  

Croda International PLC

     4,238        278,215  

Diageo PLC

     109,461        4,475,830  

Diploma PLC

     3,185        60,510  

Domino’s Pizza Group PLC

     5,344        16,852  

Dunelm Group PLC

     13,055        147,913  

easyJet PLC

     10,385        151,222  

Electrocomponents PLC

     13,821        101,177  

FDM Group Holdings PLC

     4,458        52,223  

Fevertree Drinks PLC

     559        21,990  

Games Workshop Group PLC

     1,567        64,217  

Greggs PLC

     3,305        79,198  

Hargreaves Lansdown PLC

     12,671        307,682  

Hill & Smith Holdings PLC

     2,813        45,562  

HomeServe PLC

     7,433        99,277  

Howden Joinery Group PLC

     17,701        111,936  

IMI PLC

     14,119        176,251  

Jardine Lloyd Thompson Group PLC

     10,320        257,385  

JD Sports Fashion PLC

     6,185        40,506  

Marshalls PLC

     13,834        111,493  

Moneysupermarket.com Group PLC

     31,918        154,759  

Next PLC

     4,338        315,417  

NMC Health PLC

     740        22,024  

Pagegroup PLC

     22,406        137,222  

Redrow PLC

     15,091        118,183  

RELX PLC

     37,986        812,504  

Renishaw PLC

     752        36,315  

Rentokil Initial PLC

     29,152        134,206  

Rightmove PLC

     17,093        113,592  

Rotork PLC

     21,899        80,698  

RWS Holdings PLC

     6,183        38,834  

Softcat PLC

     4,204        45,468  

Spirax-Sarco Engineering PLC

     1,666        156,086  

Synthomer PLC

     14,932        73,820  

Ted Baker PLC

     1,714        34,797  

Unite Group PLC (The)

     12,193        145,773  

Victrex PLC

     3,223        90,546  

WH Smith PLC

     3,687        101,948  
     

 

 

 
Total United Kingdom

 

     15,116,526  
TOTAL COMMON STOCKS
(Cost: $72,876,006)
              71,221,190  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Quality Dividend Growth Fund (IQDG)

March 31, 2019

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%      
United States – 1.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $851,521)(d)      851,521      $ 851,521  
TOTAL INVESTMENTS IN SECURITIES – 100.7%
(Cost: $73,727,527)
        72,072,711  

Other Assets less Liabilities – (0.7)%

 

     (531,621
     

 

 

 
NET ASSETS – 100.0%

 

   $ 71,541,090  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,132,980. The total market value of the collateral held by the Fund was $1,199,530. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $348,009.

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
 

Citibank N.A.

    4/2/2019       56,474       DKK       8,486       USD      $ 8      $  

Citibank N.A.

    4/2/2019       11,789       GBP       15,325       USD        36         

Goldman Sachs

    4/2/2019       3,064,467       JPY       27,656       USD        30         

Societe Generale

    4/2/2019       8,024       EUR       9,001       USD        9         
                                             $ 83      $  

 

CURRENCY LEGEND
DKK   Danish krone
EUR   Euro
GBP   British pound
JPY   Japanese yen
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Table of Contents

Schedule of Investments

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.6%      
Australia – 10.3%      

A2B Australia Ltd.(a)

     161,969      $ 241,615  

Accent Group Ltd.

     2,552,138        2,610,592  

ALS Ltd.

     482,169        2,599,641  

Altium Ltd.

     284,020        6,520,675  

AMA Group Ltd.(a)

     1,043,750        808,156  

Ansell Ltd.

     221,530        4,000,188  

AP Eagers Ltd.

     237,999        1,242,610  

ARB Corp., Ltd.(a)

     75,955        928,020  

ARQ Group Ltd.

     125,682        176,771  

AUB Group Ltd.

     91,452        850,365  

Austal Ltd.

     555,200        887,369  

Australian Pharmaceutical Industries Ltd.

     1,403,534        1,510,455  

Bapcor Ltd.

     264,106        1,035,594  

Beach Energy Ltd.

     3,344,197        4,893,633  

Bega Cheese Ltd.(a)

     193,909        629,487  

Blackmores Ltd.(a)

     21,416        1,416,773  

Breville Group Ltd.

     183,140        2,117,922  

Brickworks Ltd.

     181,208        2,229,449  

carsales.com Ltd.

     329,787        2,963,442  

Cedar Woods Properties Ltd.

     230,007        865,943  

Cleanaway Waste Management Ltd.

     2,710,619        4,274,583  

Collins Foods Ltd.

     261,103        1,346,545  

Corporate Travel Management Ltd.(a)

     124,013        2,242,838  

Costa Group Holdings Ltd.

     80,586        294,235  

CSR Ltd.

     1,399,344        3,300,159  

Dicker Data Ltd.(a)

     345,108        1,005,104  

DuluxGroup Ltd.

     573,660        3,015,495  

ERM Power Ltd.

     286,956        386,275  

Estia Health Ltd.

     609,368        1,164,405  

Event Hospitality and Entertainment Ltd.

     237,380        2,296,643  

G8 Education Ltd.

     1,959,934        4,218,484  

Genworth Mortgage Insurance Australia Ltd.(a)

     2,196,586        3,729,224  

GrainCorp Ltd. Class A

     363,229        2,368,621  

GUD Holdings Ltd.

     180,265        1,527,651  

GWA Group Ltd.

     588,039        1,328,329  

Healius Ltd.

     793,766        1,482,930  

HT&E Ltd.(a)

     60,824        73,883  

IDP Education Ltd.

     316,201        3,272,616  

Infomedia Ltd.

     904,143        979,443  

Inghams Group Ltd.(a)

     481,388        1,494,339  

Integrated Research Ltd.(a)

     97,260        179,630  

Invocare Ltd.(a)

     172,217        1,738,371  

IOOF Holdings Ltd.(a)

     505,420        2,197,233  

IPH Ltd.

     20,717        103,603  

IRESS Ltd.

     271,606        2,521,664  

IVE Group Ltd.

     482,565        747,282  

Japara Healthcare Ltd.(a)

     811,956        807,482  

JB Hi-Fi Ltd.(a)

     287,813        5,100,976  

Link Administration Holdings Ltd.

     487,582        2,556,091  

MACA Ltd.

     1,445,695        1,006,410  

McMillan Shakespeare Ltd.(a)

     178,373        1,520,487  

Metcash Ltd.

     1,277,976        2,405,697  

Mineral Resources Ltd.

     294,797      3,308,662  

Monadelphous Group Ltd.(a)

     192,599        2,373,700  

Monash IVF Group Ltd.

     964,430        729,613  

MYOB Group Ltd.

     1,192,732        2,821,366  

MyState Ltd.

     227,953        702,761  

Navigator Global Investments Ltd.

     838,515        1,852,437  

Navitas Ltd.(a)

     688,767        2,827,955  

New Hope Corp., Ltd.

     831,098        1,777,015  

NIB Holdings Ltd.

     697,735        2,597,132  

Nick Scali Ltd.(a)

     204,361        823,101  

Nine Entertainment Co. Holdings Ltd.

     2,754,252        3,345,585  

Northern Star Resources Ltd.

     607,710        3,863,596  

Nufarm Ltd.

     199,015        665,854  

OFX Group Ltd.

     435,042        516,083  

oOh!media Ltd.

     337,585        932,835  

OZ Minerals Ltd.

     461,701        3,476,474  

Peet Ltd.

     690,171        500,068  

Pendal Group Ltd.

     655,314        4,305,895  

Perpetual Ltd.(a)

     165,916        4,558,763  

Platinum Asset Management Ltd.(a)

     1,602,901        5,226,268  

Premier Investments Ltd.

     368,053        4,251,118  

Qube Holdings Ltd.

     1,155,906        2,299,073  

Regis Healthcare Ltd.(a)

     800,608        1,956,369  

Regis Resources Ltd.

     803,952        3,026,762  

Reject Shop Ltd. (The)(a)

     70,400        132,523  

Ruralco Holdings Ltd.

     455,408        1,413,691  

Sandfire Resources NL

     137,993        677,341  

SeaLink Travel Group Ltd.

     216,534        618,336  

Servcorp Ltd.(a)

     355,300        671,350  

SG Fleet Group Ltd.

     622,472        972,780  

Sigma Healthcare Ltd.

     3,465,895        1,292,549  

Sims Metal Management Ltd.

     214,746        1,633,755  

Southern Cross Media Group Ltd.

     1,717,711        1,427,606  

St Barbara Ltd.

     263,040        629,686  

Steadfast Group Ltd.

     833,372        1,876,595  

Super Retail Group Ltd.

     171,248        976,817  

Tassal Group Ltd.

     219,917        759,220  

Virtus Health Ltd.

     165,110        467,971  

WPP AUNZ Ltd.

     2,304,936        1,031,506  
     

 

 

 
Total Australia               172,535,639  
Austria – 0.7%      

Lenzing AG

     61,180        6,560,464  

Palfinger AG

     28,324        795,090  

Porr AG(a)

     40,067        896,185  

S IMMO AG

     134,514        2,751,931  
     

 

 

 
Total Austria               11,003,670  
Belgium – 1.5%      

Cofinimmo S.A.

     54,415        7,234,225  

D’ieteren S.A./N.V.

     80,154        3,177,032  

Econocom Group S.A./N.V.(a)

     321,586        1,312,211  

Fagron

     10,774        193,682  

Greenyard N.V.(a)

     77,460        290,500  

Kinepolis Group N.V.

     14,710        832,463  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Ontex Group N.V.

     117,642      $ 2,649,812  

Orange Belgium S.A.

     12,092        260,688  

Recticel S.A.

     84,370        633,776  

Warehouses De Pauw CVA

     54,768        8,793,963  
     

 

 

 
Total Belgium               25,378,352  
China – 2.9%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     980,000        1,795,222  

China Overseas Grand Oceans Group Ltd.(a)

     2,784,000        1,514,364  

China Power Clean Energy Development Co., Ltd.

     3,992,000        2,624,057  

China Power International Development Ltd.

     22,709,000        5,814,698  

China South City Holdings Ltd.

     11,424,000        1,833,673  

China Travel International Investment Hong Kong Ltd.

     7,060,000        1,798,738  

CITIC Telecom International Holdings Ltd.

     13,980,822        6,286,957  

CPMC Holdings Ltd.(a)

     1,945,109        780,526  

Dah Chong Hong Holdings Ltd.

     3,213,000        1,158,325  

Guotai Junan International Holdings Ltd.(a)

     16,636,000        3,369,606  

Poly Property Group Co., Ltd.

     5,774,000        2,250,771  

Shanghai Industrial Holdings Ltd.

     2,331,000        5,487,536  

Shenwan Hongyuan HK Ltd.

     4,075,000        1,105,708  

Shougang Fushan Resources Group Ltd.

     12,580,000        2,884,604  

Xiwang Special Steel Co., Ltd.

     9,104,000        1,774,421  

Yuexiu Property Co., Ltd.

     30,954,000        7,452,667  
     

 

 

 
Total China               47,931,873  
Denmark – 1.0%      

Alm Brand A/S

     348,839        3,011,643  

Matas A/S

     319,951        3,166,474  

Per Aarsleff Holding A/S

     38,338        1,271,465  

Schouw & Co. A/S

     22,579        1,680,355  

Spar Nord Bank A/S

     378,357        3,317,698  

Sydbank A/S

     186,750        3,876,200  
     

 

 

 
Total Denmark               16,323,835  
Finland – 2.4%      

Aktia Bank Oyj

     155,866        1,639,882  

Citycon Oyj(a)

     207,027        2,120,971  

Cramo Oyj

     136,936        2,695,388  

Finnair Oyj

     202,157        1,820,475  

Kemira Oyj

     434,404        5,375,231  

Lassila & Tikanoja Oyj

     78,209        1,255,783  

Oriola Oyj Class B

     683,490        1,799,686  

Ramirent Oyj

     290,728        1,790,545  

Sanoma Oyj

     320,978        3,148,182  

Tieto Oyj(a)

     205,403        6,273,319  

Tikkurila Oyj

     90,279        1,482,026  

Tokmanni Group Corp.

     255,516        2,384,190  

Uponor Oyj

     193,307        2,211,788  

Valmet Oyj(a)

     96,983        2,456,724  

YIT Oyj(a)

     697,609        4,045,797  
     

 

 

 
Total Finland               40,499,987  
France – 3.0%      

Albioma S.A.

     80,161      1,881,183  

Beneteau S.A.

     58,445        685,125  

Coface S.A.

     388,360        3,436,231  

Elior Group S.A.(b)

     266,574        3,570,918  

Gaztransport Et Technigaz S.A.

     104,309        9,498,704  

IPSOS

     86,575        2,169,743  

Jacquet Metal Service S.A.

     45,153        753,403  

Kaufman & Broad S.A.

     60,646        2,480,069  

Korian S.A.

     93,732        3,797,310  

Lectra

     39,020        944,183  

LISI

     41,785        1,285,561  

Maisons du Monde S.A.(b)

     48,212        932,202  

Metropole Television S.A.

     347,358        6,412,108  

Neopost S.A.

     137,279        3,289,427  

Rothschild & Co.

     97,156        3,092,747  

SPIE S.A.

     266,926        4,723,553  

Vilmorin & Cie S.A.

     37,841        2,005,517  
     

 

 

 
Total France               50,957,984  
Georgia – 0.1%      

Bank of Georgia Group PLC

     103,527        2,229,912  
Germany – 3.4%      

Aareal Bank AG

     175,080        5,402,254  

alstria office REIT-AG

     289,500        4,713,443  

AURELIUS Equity Opportunities SE & Co. KGaA

     119,717        5,454,935  

BayWa AG

     77,106        2,194,764  

bet-at-home.com AG

     37,010        2,410,287  

Bilfinger SE

     60,222        2,096,228  

Borussia Dortmund GmbH & Co. KGaA

     179,399        1,649,778  

Comdirect Bank AG

     82,381        934,265  

CompuGroup Medical SE

     21,080        1,242,658  

CropEnergies AG

     271,397        1,584,638  

Deutz AG

     106,287        890,309  

Elmos Semiconductor AG

     50,707        1,109,120  

Encavis AG

     212,992        1,509,087  

Gerresheimer AG

     25,437        1,913,649  

Hamburger Hafen und Logistik AG

     104,628        2,394,274  

Indus Holding AG

     26,333        1,269,946  

Jenoptik AG

     58,020        2,162,905  

Kloeckner & Co. SE

     132,924        978,358  

MLP SE

     166,446        831,678  

NORMA Group SE

     29,496        1,432,753  

Pfeiffer Vacuum Technology AG

     16,016        2,452,958  

RHOEN-KLINIKUM AG

     23,678        682,750  

Takkt AG

     120,389        1,981,721  

TLG Immobilien AG

     166,688        5,023,525  

Wacker Neuson SE

     87,065        2,072,532  

Washtec AG

     11,548        881,734  

Wuestenrot & Wuerttembergische AG

     114,354        2,198,249  

Zeal Network SE

     5,512        124,711  
     

 

 

 
Total Germany               57,593,509  

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Hong Kong – 0.4%      

Dah Sing Financial Holdings Ltd.

     340,629      $ 1,785,602  

Hongkong & Shanghai Hotels Ltd. (The)

     1,306,870        1,881,239  

Kowloon Development Co., Ltd.

     1,009,000        1,259,651  

Lai Sun Development Co., Ltd.

     760,434        1,280,637  

Television Broadcasts Ltd.

     51,700        100,239  
     

 

 

 
Total Hong Kong

 

     6,307,368  
Ireland – 0.6%      

C&C Group PLC

     795,085        2,856,836  

FBD Holdings PLC

     57,797        585,374  

Grafton Group PLC

     230,654        2,432,983  

Greencore Group PLC

     876,705        2,307,629  

Hostelworld Group PLC(b)

     24,752        59,668  

Irish Continental Group PLC

     342,988        1,871,703  
     

 

 

 
Total Ireland

 

     10,114,193  
Israel – 3.9%      

Amot Investments Ltd.

     872,314        4,855,068  

Ashtrom Properties Ltd.

     365,237        1,758,081  

Avgol Industries 1953 Ltd.

     140,940        149,159  

Delek Group Ltd.

     59,910        10,356,547  

Direct Insurance Financial Investments Ltd.

     97,942        1,106,430  

Discount Investment Corp., Ltd. Registered Shares

     1,035,729        2,393,733  

Elco Ltd.

     19,677        371,111  

Electra Consumer Products 1970 Ltd.

     156,376        1,820,405  

First International Bank of Israel Ltd.

     220,495        5,192,585  

Fox Wizel Ltd.

     38,426        1,175,220  

Gazit-Globe Ltd.

     401,995        3,228,720  

Harel Insurance Investments & Financial Services Ltd.

     631,747        4,160,181  

Inrom Construction Industries Ltd.

     387,071        1,334,194  

Magic Software Enterprises Ltd.

     85,332        727,215  

Matrix IT Ltd.

     204,074        2,566,283  

Maytronics Ltd.

     259,644        1,675,472  

Melisron Ltd.

     76,282        3,869,430  

Menora Mivtachim Holdings Ltd.

     109,706        1,339,681  

Paz Oil Co., Ltd.

     39,710        5,932,402  

Phoenix Holdings Ltd. (The)

     145,886        756,492  

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     22,475        1,135,717  

Sella Capital Real Estate Ltd.

     823,362        1,471,881  

Shapir Engineering and Industry Ltd.

     394,706        1,344,198  

Shikun & Binui Ltd.*

     356,776        852,779  

Shufersal Ltd.

     330,155        2,128,653  

Strauss Group Ltd.

     108,443        2,598,317  

ZUR Shamir Holdings Ltd.

     241,931        846,577  
     

 

 

 
Total Israel

 

     65,146,531  
Italy – 5.0%      

Anima Holding SpA(b)

     670,213        2,742,287  

Aquafil SpA

     45,590        511,907  

Ascopiave SpA

     1,018,639        4,020,382  

ASTM SpA

     92,722        2,524,738  

Azimut Holding SpA(a)

     570,708        9,708,414  

Banca Generali SpA

     159,619      3,975,281  

Banca IFIS SpA

     115,501        1,907,744  

Banca Popolare di Sondrio SCPA

     409,240        1,120,298  

Biesse SpA

     50,798        1,105,407  

BPER Banca(a)

     631,485        2,581,698  

Cairo Communication SpA

     508,160        2,151,115  

Cerved Group SpA

     342,593        3,408,269  

CIR-Compagnie Industriali Riunite SpA

     1,185,826        1,454,003  

Cofide SpA(a)

     912,470        533,799  

Credito Emiliano SpA

     667,861        3,757,037  

Datalogic SpA

     58,462        1,365,396  

doBank SpA(a)(b)

     171,862        2,306,054  

El.En. SpA(a)

     15,690        331,033  

Enav SpA(b)

     950,142        5,182,839  

Fincantieri SpA

     541,131        665,939  

Gamenet Group SpA(b)

     160,986        1,630,483  

Gima TT SpA(a)(b)

     427,597        3,420,427  

Immobiliare Grande Distribuzione SIIQ SpA

     440,682        3,186,639  

Maire Tecnimont SpA

     518,690        1,977,868  

MARR SpA

     135,104        3,076,507  

Massimo Zanetti Beverage Group SpA(b)

     190,392        1,278,414  

RAI Way SpA(b)

     700,175        3,624,343  

Saras SpA

     3,228,025        5,984,194  

Societa Cattolica di Assicurazioni SC

     450,711        4,309,278  

Tod’s SpA(a)

     46,929        2,176,271  

Zignago Vetro SpA

     137,794        1,542,578  
     

 

 

 
Total Italy

 

     83,560,642  
Japan – 24.4%      

77 Bank Ltd. (The)

     54,000        754,736  

ADEKA Corp.(a)

     83,301        1,221,462  

Aeon Delight Co., Ltd.

     45,700        1,777,463  

Ai Holdings Corp.

     33,200        548,609  

Aica Kogyo Co., Ltd.(a)

     44,400        1,480,201  

Aichi Corp.

     129,400        818,358  

Aichi Steel Corp.

     29,000        899,986  

Aida Engineering Ltd.

     74,100        534,235  

Aisan Industry Co., Ltd.

     121,300        745,214  

Akita Bank Ltd. (The)(a)

     31,400        637,447  

Albis Co., Ltd.(a)

     20,000        418,124  

Alinco, Inc.

     124,800        1,109,484  

Alpen Co., Ltd.

     49,700        767,828  

Amano Corp.

     84,600        1,992,611  

Aoyama Trading Co., Ltd.(a)

     78,001        1,773,054  

Arcs Co., Ltd.

     65,500        1,440,367  

Ariake Japan Co., Ltd.

     38,000        2,032,434  

Asahi Broadcasting Group Holdings Corp.

     31,000        216,777  

Asahi Holdings, Inc.(a)

     61,400        1,110,564  

Asante, Inc.

     3,000        59,059  

Asanuma Corp.(a)

     24,200        537,851  

ASKUL Corp.(a)

     30,688        765,779  

Autobacs Seven Co., Ltd.(a)

     89,403        1,486,213  

Avex, Inc.(a)

     52,000        693,427  

Awa Bank Ltd. (The)

     15,200        386,437  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Bando Chemical Industries Ltd.

     32,800      $ 314,413  

Bank of Saga Ltd. (The)

     48,900        842,060  

Baroque Japan Ltd.(a)

     88,000        686,127  

Bell System24 Holdings, Inc.

     89,700        1,108,638  

Belluna Co., Ltd.

     200,800        1,556,547  

Bic Camera, Inc.

     48,600        510,655  

BML, Inc.

     39,200        1,136,848  

C.I. Takiron Corp.

     119,100        645,616  

Central Glass Co., Ltd.

     49,700        1,091,123  

Chiyoda Co., Ltd.

     50,900        818,097  

Chiyoda Integre Co., Ltd.

     65,000        1,205,629  

Chugoku Bank Ltd. (The)

     151,000        1,417,437  

Citizen Watch Co., Ltd.

     297,607        1,658,974  

CKD Corp.(a)

     118,200        1,065,760  

CONEXIO Corp.(a)

     78,100        984,320  

Cosel Co., Ltd.(a)

     42,000        442,065  

Cosmo Energy Holdings Co., Ltd.(a)

     73,600        1,478,849  

Daido Metal Co., Ltd.(a)

     82,800        529,633  

Daido Steel Co., Ltd.(a)

     49,591        1,955,682  

Daiho Corp.

     29,400        859,276  

Daio Paper Corp.(a)

     62,200        762,573  

Daishi Hokuetsu Financial Group, Inc.

     47,540        1,342,210  

Daiwabo Holdings Co., Ltd.

     59,300        3,412,757  

DCM Holdings Co., Ltd.(a)

     149,900        1,397,631  

DeNA Co., Ltd.

     81,000        1,219,921  

Denyo Co., Ltd.(a)

     15,600        192,948  

Dexerials Corp.(a)

     117,900        781,846  

DMG Mori Co., Ltd.

     138,700        1,715,502  

Doshisha Co., Ltd.

     43,300        675,603  

Doutor Nichires Holdings Co., Ltd.

     36,800        699,195  

Dowa Holdings Co., Ltd.(a)

     64,900        2,134,309  

Eagle Industry Co., Ltd.(a)

     62,400        681,588  

Earth Corp.(a)

     34,800        1,616,046  

EDION Corp.(a)

     132,700        1,158,135  

Ehime Bank Ltd. (The)(a)

     108,000        1,110,394  

Elematec Corp.

     16,900        258,497  

eRex Co., Ltd.

     25,600        238,688  

ES-Con Japan Ltd.(a)

     70,000        461,671  

ESPEC Corp.

     21,700        404,455  

Excel Co., Ltd.(a)

     18,700        395,338  

Exedy Corp.(a)

     36,470        790,126  

F@N Communications, Inc.

     126,000        640,900  

FIDEA Holdings Co., Ltd.(a)

     828,800        980,917  

Financial Products Group Co., Ltd.

     91,600        750,609  

Foster Electric Co., Ltd.

     63,385        951,763  

France Bed Holdings Co., Ltd.(a)

     123,000        1,002,358  

Fudo Tetra Corp.(a)

     44,420        578,702  

Fuji Corp., Ltd.(a)

     258,400        1,914,333  

Fuji Oil Co., Ltd.(a)

     185,500        422,334  

Fujikura Ltd.(a)

     225,000        847,676  

Fujimi, Inc.

     61,441        1,342,782  

Fujimori Kogyo Co., Ltd.

     38,400        1,054,669  

Fujitec Co., Ltd.(a)

     60,600        670,687  

Fujitsu General Ltd.(a)

     81,900        1,158,742  

Fukui Bank Ltd. (The)

     57,000      872,368  

Fukui Computer Holdings, Inc.

     31,000        578,073  

Fukuyama Transporting Co., Ltd.

     18,000        692,777  

Funai Soken Holdings, Inc.

     187,350        4,507,504  

Furukawa Electric Co., Ltd.

     49,000        1,235,569  

Gakkyusha Co., Ltd.

     3,000        35,208  

Gecoss Corp.

     91,000        850,928  

Geo Holdings Corp.(a)

     94,100        1,307,547  

Glory Ltd.(a)

     76,577        1,837,544  

GMO Financial Holdings, Inc.

     245,100        1,428,283  

Godo Steel Ltd.

     40,900        611,551  

GS Yuasa Corp.(a)

     46,400        910,100  

Gunma Bank Ltd. (The)

     424,900        1,608,466  

Gunze Ltd.(a)

     35,600        1,439,310  

H2O Retailing Corp.(a)

     96,000        1,337,417  

Hachijuni Bank Ltd. (The)

     726,400        3,012,311  

Hakuto Co., Ltd.

     52,200        553,197  

Hanwa Co., Ltd.(a)

     64,300        1,792,162  

Happinet Corp.

     112,000        1,445,977  

Hazama Ando Corp.

     152,000        1,017,590  

Heiwa Corp.(a)

     124,819        2,494,463  

Heiwado Co., Ltd.

     67,000        1,426,743  

Hiroshima Bank Ltd. (The)(a)

     330,700        1,685,096  

Hokkaido Gas Co., Ltd.(a)

     25,000        325,247  

Hokkoku Bank Ltd. (The)

     14,000        438,903  

Hokuetsu Corp.

     157,000        917,731  

Hokuetsu Industries Co., Ltd.(a)

     162,600        1,693,796  

Hokuhoku Financial Group, Inc.(a)

     150,200        1,564,626  

Hosokawa Micron Corp.

     31,900        1,425,175  

Hyakugo Bank Ltd. (The)

     179,800        571,799  

Hyakujushi Bank Ltd. (The)

     27,600        571,525  

Ibiden Co., Ltd.(a)

     92,100        1,399,577  

Ichibanya Co., Ltd.(a)

     1,000        43,728  

Ichigo, Inc.

     334,800        1,146,399  

Ichinen Holdings Co., Ltd.

     33,000        343,163  

Ichiyoshi Securities Co., Ltd.

     146,000        1,023,589  

Idec Corp.(a)

     79,200        1,365,258  

Iino Kaiun Kaisha Ltd.(a)

     203,900        687,127  

Imasen Electric Industrial

     94,200        851,915  

Inaba Denki Sangyo Co., Ltd.

     39,300        1,521,439  

Inabata & Co., Ltd.

     59,400        807,670  

Internet Initiative Japan, Inc.

     90,400        1,828,663  

Iseki & Co., Ltd.

     49,000        721,155  

Itochu Enex Co., Ltd.

     187,101        1,507,829  

Itoki Corp.

     122,000        595,203  

Iwatani Corp.(a)

     19,000        610,245  

Iyo Bank Ltd. (The)(a)

     240,500        1,273,280  

Japan Aviation Electronics Industry Ltd.

     47,000        654,352  

Japan Wool Textile Co., Ltd. (The)

     99,000        843,448  

JINS, Inc.

     8,800        475,439  

Juroku Bank Ltd. (The)

     55,000        1,117,044  

K’s Holdings Corp.

     180,802        1,604,080  

kabu.com Securities Co., Ltd.

     576,701        2,896,922  

Kadokawa Dwango(a)

     69,000        727,497  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Kaga Electronics Co., Ltd.(a)

     55,500      $ 1,018,891  

Kanamoto Co., Ltd.

     15,000        371,324  

Kandenko Co., Ltd.

     151,900        1,298,255  

Kasai Kogyo Co., Ltd.(a)

     45,400        335,522  

Kato Sangyo Co., Ltd.(a)

     47,100        1,553,191  

Kato Works Co., Ltd.(a)

     42,600        1,005,681  

Keihin Corp.

     32,000        523,865  

Keiyo Bank Ltd. (The)

     92,500        539,865  

Kintetsu World Express, Inc.

     64,500        982,491  

Kitano Construction Corp.

     5,600        157,347  

Kito Corp.

     82,300        1,242,475  

Kiyo Bank Ltd. (The)(a)

     52,150        726,995  

Koa Corp.

     98,600        1,326,425  

Kobe Bussan Co., Ltd.

     29,200        1,108,009  

Koei Tecmo Holdings Co., Ltd.(a)

     104,800        2,020,538  

Kohnan Shoji Co., Ltd.

     82,200        2,040,054  

Kokuyo Co., Ltd.

     124,900        1,832,566  

Konoike Transport Co., Ltd.

     47,700        789,074  

Kurabo Industries Ltd.

     38,395        704,524  

Kurimoto Ltd.

     72,000        947,120  

KYB Corp.(a)

     30,079        738,625  

Kyoei Steel Ltd.(a)

     42,200        601,632  

KYORIN Holdings, Inc.(a)

     146,390        2,858,100  

Kyosan Electric Manufacturing Co., Ltd.(a)

     356,900        1,170,481  

Kyushu Financial Group, Inc.(a)

     565,000        2,297,059  

Lintec Corp.

     54,530        1,179,426  

Macnica Fuji Electronics Holdings, Inc.(a)

     53,700        732,592  

Maeda Road Construction Co., Ltd.

     71,300        1,384,322  

Mandom Corp.

     60,760        1,562,298  

Marubun Corp.

     120,200        691,760  

Maruha Nichiro Corp.

     51,000        1,824,637  

Matsui Construction Co., Ltd.(a)

     74,400        477,246  

Matsui Securities Co., Ltd.(a)

     349,040        3,285,899  

Max Co., Ltd.

     44,247        650,803  

Maxell Holdings Ltd.(a)

     62,000        879,433  

MegaChips Corp.(a)

     36,400        558,735  

Megmilk Snow Brand Co., Ltd.

     36,500        888,386  

Meitec Corp.(a)

     41,300        1,876,849  

Mimasu Semiconductor Industry Co., Ltd.

     17,000        226,390  

Ministop Co., Ltd.

     42,100        651,935  

Mito Securities Co., Ltd.

     181,000        336,866  

Mitsubishi Logistics Corp.(a)

     53,000        1,479,604  

Mitsubishi Shokuhin Co., Ltd.(a)

     33,300        871,273  

Mitsuboshi Belting Ltd.(a)

     28,800        512,330  

Mitsui Mining & Smelting Co., Ltd.(a)

     43,864        1,125,084  

Mixi, Inc.

     139,100        3,214,689  

Miyazaki Bank Ltd. (The)

     26,964        674,557  

Modec, Inc.

     9,000        256,132  

Morinaga Milk Industry Co., Ltd.(a)

     49,900        1,692,863  

MOS Food Services, Inc.(a)

     2,000        48,606  

MrMax Holdings Ltd.

     83,000        331,445  

Musashino Bank Ltd. (The)

     15,945        318,223  

Nachi-Fujikoshi Corp.

     22,200        892,533  

Nagaileben Co., Ltd.

     41,600        902,019  

Nagase & Co., Ltd.

     98,900      1,419,814  

Nanto Bank Ltd. (The)

     48,000        898,984  

NEC Networks & System Integration Corp.

     58,701        1,418,667  

NHK Spring Co., Ltd.(a)

     166,000        1,490,753  

Nichias Corp.

     64,500        1,277,355  

Nichiha Corp.

     63,701        1,755,324  

Nichirin Co., Ltd.

     40,000        641,821  

Nihon Kohden Corp.

     60,600        1,801,274  

Nihon Nohyaku Co., Ltd.(a)

     140,100        564,526  

Nihon Parkerizing Co., Ltd.

     71,101        887,759  

Nihon Tokushu Toryo Co., Ltd.

     21,000        218,756  

Nihon Unisys Ltd.

     92,200        2,442,340  

Nihon Yamamura Glass Co., Ltd.(a)

     18,300        238,908  

Nikkon Holdings Co., Ltd.

     62,500        1,478,859  

Nippo Corp.

     90,900        1,695,059  

Nippon Flour Mills Co., Ltd.

     152,797        2,622,887  

Nippon Kayaku Co., Ltd.(a)

     209,299        2,473,353  

Nippon Koei Co., Ltd.

     36,500        772,968  

Nippon Light Metal Holdings Co., Ltd.

     976,800        2,144,486  

Nippon Paper Industries Co., Ltd.(a)

     23,638        488,200  

Nippon Piston Ring Co., Ltd.

     34,000        483,191  

Nippon Signal Co., Ltd.(a)

     63,000        564,060  

Nippon Soda Co., Ltd.

     24,000        634,015  

Nippon Steel & Sumikin Bussan Corp.

     34,173        1,389,335  

Nippon Thompson Co., Ltd.(a)

     151,700        697,613  

Nipro Corp.(a)

     178,591        2,305,701  

Nishi-Nippon Financial Holdings, Inc.

     97,000        823,779  

Nishi-Nippon Railroad Co., Ltd.(a)

     61,900        1,497,657  

Nishimatsu Construction Co., Ltd.

     59,400        1,316,422  

Nishimatsuya Chain Co., Ltd.

     92,200        774,685  

Nishio Rent All Co., Ltd.

     21,600        622,523  

Nissei ASB Machine Co., Ltd.(a)

     8,000        273,569  

Nisshinbo Holdings, Inc.(a)

     168,692        1,473,778  

Nissin Electric Co., Ltd.

     145,500        1,334,259  

Nissin Kogyo Co., Ltd.

     33,000        413,525  

Nitta Corp.

     30,400        988,752  

Noevir Holdings Co., Ltd.

     44,400        2,154,113  

NOF Corp.

     52,200        1,777,965  

Nojima Corp.

     39,600        718,764  

Noritake Co., Ltd.

     33,500        1,604,102  

North Pacific Bank Ltd.

     420,000        1,051,091  

NS Solutions Corp.

     91,600        2,472,790  

NS United Kaiun Kaisha Ltd.(a)

     46,800        1,001,664  

NSD Co., Ltd.

     102,000        2,374,793  

NTN Corp.(a)

     528,000        1,564,656  

NuFlare Technology, Inc.

     11,900        660,126  

Obara Group, Inc.

     12,500        413,900  

Ogaki Kyoritsu Bank Ltd. (The)

     38,700        804,174  

Ohsho Food Service Corp.

     45,100        2,856,313  

Oita Bank Ltd. (The)

     26,300        822,135  

Okamura Corp.

     70,400        737,169  

Okasan Securities Group, Inc.(a)

     485,000        1,800,922  

Okinawa Electric Power Co., Inc. (The)

     31,200        531,346  

OKUMA Corp.(a)

     17,200        930,822  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Okumura Corp.(a)

     77,900      $ 2,473,854  

Okura Industrial Co., Ltd.

     17,900        288,185  

Okuwa Co., Ltd.

     42,000        421,575  

Onoken Co., Ltd.(a)

     23,800        333,718  

Onward Holdings Co., Ltd.

     166,400        879,469  

Organo Corp.

     5,000        141,618  

OSG Corp.

     51,000        983,738  

Paramount Bed Holdings Co., Ltd.

     28,600        1,268,699  

PC Depot Corp.

     110,000        440,258  

Penta-Ocean Construction Co., Ltd.

     170,800        791,619  

Piolax, Inc.(a)

     20,000        384,695  

Plenus Co., Ltd.(a)

     64,700        1,032,301  

Press Kogyo Co., Ltd.

     136,900        726,027  

Prospect Co., Ltd.(a)

     2,659,000        432,416  

Raito Kogyo Co., Ltd.

     124,400        1,676,874  

Raysum Co., Ltd.(a)

     84,700        779,009  

Rengo Co., Ltd.

     297,900        2,793,696  

Resorttrust, Inc.(a)

     96,400        1,306,410  

Riso Kagaku Corp.

     46,800        739,938  

Roland DG Corp.

     32,800        690,464  

Round One Corp.

     134,800        1,706,237  

Ryobi Ltd.

     55,500        1,245,535  

Ryoden Corp.

     35,400        469,505  

Ryosan Co., Ltd.(a)

     31,986        857,699  

Saibu Gas Co., Ltd.(a)

     26,800        578,929  

Saizeriya Co., Ltd.

     39,101        753,158  

San-Ai Oil Co., Ltd.

     96,200        790,042  

San-In Godo Bank Ltd. (The)(a)

     96,787        694,303  

Sangetsu Corp.

     77,800        1,412,117  

Sanoh Industrial Co., Ltd.(a)

     54,200        247,287  

Sanrio Co., Ltd.(a)

     77,173        1,841,387  

Sanshin Electronics Co., Ltd.(a)

     59,800        1,023,275  

Sanwa Holdings Corp.

     205,000        2,439,219  

Sanyo Chemical Industries Ltd.

     18,000        832,633  

Sanyo Denki Co., Ltd.

     26,500        950,490  

Sanyo Special Steel Co., Ltd.

     40,000        819,985  

Sapporo Holdings Ltd.

     48,900        1,067,817  

Sato Holdings Corp.

     28,300        663,747  

Sato Shoji Corp.

     40,000        327,054  

Satori Electric Co., Ltd.

     67,500        573,248  

Sawai Pharmaceutical Co., Ltd.

     66,000        3,822,198  

Seiko Holdings Corp.(a)

     25,500        607,061  

Senko Group Holdings Co., Ltd.(a)

     215,000        1,785,111  

SFP Holdings Co., Ltd.(a)

     3,000        51,552  

Shibuya Corp.

     16,000        472,693  

Shiga Bank Ltd. (The)(a)

     25,600        610,135  

Shikoku Bank Ltd. (The)

     57,000        535,574  

Shima Seiki Manufacturing Ltd.(a)

     10,000        307,178  

Shimachu Co., Ltd.

     62,900        1,638,918  

Shinko Electric Industries Co., Ltd.(a)

     91,000        697,186  

Shinko Plantech Co., Ltd.

     127,500        1,359,263  

Shinmaywa Industries Ltd.

     113,400        1,409,752  

Shinsho Corp.

     13,000        303,257  

Ship Healthcare Holdings, Inc.

     57,100        2,344,667  

SHO-BOND Holdings Co., Ltd.

     13,800      921,371  

Shoei Co., Ltd.(a)

     37,300        1,592,289  

Siix Corp.(a)

     31,000        469,404  

Sinko Industries Ltd.

     21,000        284,022  

SMK Corp.(a)

     10,800        255,449  

Sotetsu Holdings, Inc.

     78,900        2,427,199  

St. Marc Holdings Co., Ltd.

     15,100        339,557  

Star Micronics Co., Ltd.(a)

     59,800        910,358  

Starts Corp., Inc.

     44,800        956,430  

Sumitomo Bakelite Co., Ltd.

     79,600        2,851,461  

Sumitomo Forestry Co., Ltd.(a)

     142,000        1,971,848  

Sumitomo Osaka Cement Co., Ltd.

     39,500        1,555,947  

Sumitomo Riko Co., Ltd.

     78,550        658,575  

Sumitomo Seika Chemicals Co., Ltd.

     12,200        448,606  

Suruga Bank Ltd.*(a)

     319,100        1,478,957  

T-Gaia Corp.

     88,500        1,468,004  

T. RAD Co., Ltd.

     16,000        306,744  

Tadano Ltd.(a)

     64,800        615,303  

Taiho Kogyo Co., Ltd.

     57,200        467,688  

Taikisha Ltd.

     33,200        1,009,333  

Taiyo Holdings Co., Ltd.(a)

     29,959        986,589  

Taiyo Yuden Co., Ltd.(a)

     58,900        1,158,470  

Takaoka Toko Co., Ltd.

     28,000        333,162  

Takasago Thermal Engineering Co., Ltd.

     128,501        2,068,833  

Takuma Co., Ltd.

     29,700        354,463  

Tamron Co., Ltd.

     62,100        1,132,763  

Tanseisha Co., Ltd.

     33,000        389,972  

Tatsuta Electric Wire and Cable Co., Ltd.

     296,900        1,223,168  

TechnoPro Holdings, Inc.

     46,300        2,760,808  

Tekken Corp.

     39,000        960,510  

Toa Corp.

     54,000        544,464  

Toagosei Co., Ltd.

     114,500        1,210,327  

Tobishima Corp.

     43,400        527,772  

Tocalo Co., Ltd.

     191,800        1,511,041  

Toda Corp.

     176,000        1,081,267  

Toei Co., Ltd.

     6,700        891,638  

Toho Bank Ltd. (The)

     160,372        428,876  

Toho Holdings Co., Ltd.(a)

     51,800        1,293,070  

TOKAI Holdings Corp.

     209,600        1,740,276  

Tokai Rika Co., Ltd.

     108,422        1,848,420  

Tokai Tokyo Financial Holdings, Inc.(a)

     490,500        1,777,029  

Tokyo Ohka Kogyo Co., Ltd.

     15,300        417,455  

Tokyo Rope Manufacturing Co., Ltd.

     23,000        202,810  

Tokyo Seimitsu Co., Ltd.(a)

     40,500        1,030,384  

Tokyo Steel Manufacturing Co., Ltd.

     70,000        608,393  

Tokyu Construction Co., Ltd.

     126,200        946,343  

Toli Corp.

     335,000        805,077  

TOMONY Holdings, Inc.

     190,590        724,926  

Tomy Co., Ltd.

     91,000        938,899  

Topcon Corp.

     51,300        605,302  

Toppan Forms Co., Ltd.

     84,900        724,854  

Topy Industries Ltd.

     29,500        590,080  

Toshiba Plant Systems & Services Corp.

     74,900        1,328,353  

Towa Bank Ltd. (The)(a)

     88,000        566,075  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Toyo Ink SC Holdings Co., Ltd.

     67,600      $ 1,517,694  

Toyo Kanetsu K.K.

     9,000        162,949  

Toyo Tire Corp.

     143,800        1,630,474  

Toyobo Co., Ltd.(a)

     76,469        977,582  

TPR Co., Ltd.

     45,600        867,218  

Trusco Nakayama Corp.

     43,300        1,199,029  

Tsubaki Nakashima Co., Ltd.(a)

     41,000        736,026  

Tsubakimoto Chain Co.

     40,000        1,427,474  

Tsumura & Co.

     142,801        4,341,377  

Tsuzuki Denki Co., Ltd.

     25,600        196,825  

UKC Holdings Corp.(a)

     32,700        604,751  

Union Tool Co.

     15,100        398,765  

Unipres Corp.

     62,000        968,496  

Unizo Holdings Co., Ltd.(a)

     95,100        1,813,761  

Valor Holdings Co., Ltd.

     52,700        1,276,970  

Vital KSK Holdings, Inc.(a)

     179,500        1,770,917  

VT Holdings Co., Ltd.(a)

     187,000        704,513  

Wacoal Holdings Corp.

     47,468        1,180,214  

Wacom Co., Ltd.(a)

     22,000        92,623  

World Holdings Co., Ltd.

     10,000        170,665  

Wowow, Inc.

     26,700        714,991  

Xebio Holdings Co., Ltd.

     63,900        703,746  

Yahagi Construction Co., Ltd.

     101,000        699,887  

YAMABIKO Corp.

     80,800        775,990  

Yamanashi Chuo Bank Ltd. (The)

     32,800        406,277  

Yamatane Corp.

     81,000        1,144,545  

Yamazen Corp.

     103,400        1,090,191  

Yokohama Reito Co., Ltd.(a)

     60,000        484,619  

Yorozu Corp.(a)

     51,000        666,269  

Yuasa Trading Co., Ltd.

     25,648        722,968  

Yumeshin Holdings Co., Ltd.(a)

     154,800        1,081,090  

Yurtec Corp.

     60,000        439,084  

Zenrin Co., Ltd.(a)

     82,500        1,826,874  

Zojirushi Corp.(a)

     57,900        601,572  
     

 

 

 
Total Japan

 

     408,753,843  
Netherlands – 2.0%      

Accell Group N.V.

     64,367        1,788,793  

Arcadis N.V.

     107,245        1,671,430  

BE Semiconductor Industries N.V.

     271,099        7,220,451  

Beter Bed Holding N.V.(a)

     114,890        566,328  

BinckBank N.V.

     336,096        2,377,528  

Brunel International N.V.(a)

     12,260        185,981  

Corbion N.V.

     97,412        2,931,359  

Intertrust N.V.(b)

     158,338        2,986,869  

Kendrion N.V.

     17,940        396,432  

Koninklijke Volkerwessels N.V.

     181,190        3,739,396  

PostNL N.V.

     1,549,012        3,963,883  

SIF Holding N.V.(a)

     18,730        210,730  

Sligro Food Group N.V.

     56,380        2,022,635  

TKH Group N.V. CVA

     56,895        2,685,706  
     

 

 

 
Total Netherlands

 

     32,747,521  
New Zealand – 4.3%      

Air New Zealand Ltd.

     3,571,782        6,175,145  

Chorus Ltd.

     1,552,345      6,246,324  

Contact Energy Ltd.

     1,591,192        7,531,237  

EBOS Group Ltd.(a)

     276,043        4,141,748  

Freightways Ltd.

     297,260        1,674,560  

Genesis Energy Ltd.

     4,251,193        9,335,788  

Heartland Group Holdings Ltd.(a)

     1,415,074        1,447,621  

Infratil Ltd.

     1,373,115        3,905,056  

Kathmandu Holdings Ltd.

     923,024        1,410,085  

Kiwi Property Group Ltd.

     2,295,827        2,325,144  

Mainfreight Ltd.

     112,542        2,751,618  

New Zealand Refining Co., Ltd. (The)

     1,184,536        1,696,492  

Port of Tauranga Ltd.(a)

     438,780        1,624,916  

Restaurant Brands New Zealand Ltd.

     388,654        2,319,292  

Scales Corp., Ltd.

     379,641        1,279,041  

Skellerup Holdings Ltd.

     532,488        766,261  

SKY Network Television Ltd.

     1,899,695        1,671,313  

SKYCITY Entertainment Group Ltd.

     1,692,765        4,467,781  

Trade Me Group Ltd.

     1,023,829        4,482,773  

Trustpower Ltd.(a)

     698,634        3,149,455  

Z Energy Ltd.

     849,052        3,624,874  
     

 

 

 
Total New Zealand

 

     72,026,524  
Norway – 3.0%      

American Shipping Co. ASA*

     491,708        1,824,292  

Atea ASA*

     267,635        3,891,019  

Austevoll Seafood ASA

     851,843        10,089,645  

Borregaard ASA

     142,904        1,418,818  

Entra ASA(b)

     308,660        4,666,674  

Evry A/S(b)

     472,062        1,743,180  

Grieg Seafood ASA

     324,647        3,943,295  

Norway Royal Salmon ASA(a)

     129,403        3,005,318  

Ocean Yield ASA

     517,978        3,843,513  

Selvaag Bolig ASA

     276,266        1,379,469  

SpareBank 1 Nord Norge

     312,384        2,310,704  

SpareBank 1 SMN(a)

     178,758        1,814,233  

SpareBank 1 SR-Bank ASA

     491,075        5,668,268  

Sparebanken Vest

     99,449        591,271  

Veidekke ASA

     285,164        2,996,812  

XXL ASA(a)(b)

     186,476        617,140  
     

 

 

 
Total Norway

 

     49,803,651  
Portugal – 1.7%      

Altri, SGPS, S.A.

     786,486        6,164,078  

Mota-Engil, SGPS, S.A.*(a)

     471,744        1,080,583  

NOS, SGPS, S.A.

     1,642,196        10,510,456  

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

     1,368,292        3,905,495  

Semapa-Sociedade de Investimento e Gestao

     66,672        1,087,006  

Sonae Capital, SGPS, S.A.

     1,089,478        1,070,405  

Sonae, SGPS, S.A.

     3,839,709        3,975,126  
     

 

 

 
Total Portugal

 

     27,793,149  
Singapore – 3.8%      

Accordia Golf Trust

     6,141,671        2,697,892  

Asian Pay Television Trust

     11,183,617        1,040,336  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Banyan Tree Holdings Ltd.

     1,033,442      $ 434,893  

Best World International Ltd.(a)

     786,000        1,259,225  

Boustead Singapore Ltd.

     1,378,100        803,764  

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

     751,500        743,455  

Chip Eng Seng Corp., Ltd.(a)

     1,195,860        675,403  

CITIC Envirotech Ltd.

     3,071,200        1,088,354  

CSE Global Ltd.

     2,303,600        918,379  

First Resources Ltd.

     1,618,000        1,959,040  

Geo Energy Resources Ltd.(a)

     5,207,400        684,324  

GuocoLand Ltd.(a)

     1,560,000        2,234,330  

HRnetgroup Ltd.

     407,000        232,872  

Hutchison Port Holdings Trust

     35,691,800        8,387,573  

Japfa Ltd.

     2,459,100        1,180,078  

Keppel Infrastructure Trust(a)

     11,510,088        3,951,414  

KSH Holdings Ltd.

     2,132,125        794,923  

Lian Beng Group Ltd.

     2,803,500        1,034,884  

OUE Ltd.(a)

     722,500        906,792  

Oxley Holdings Ltd.

     5,379,500        1,231,189  

QAF Ltd.

     1,814,363        1,125,186  

Raffles Medical Group Ltd.

     2,233,500        1,764,374  

Sheng Siong Group Ltd.

     3,727,000        2,861,632  

SIA Engineering Co., Ltd.

     1,452,000        2,637,076  

Singapore Post Ltd.

     4,751,100        3,507,641  

StarHub Ltd.

     10,168,400        11,185,615  

Tuan Sing Holdings Ltd.

     2,301,000        688,007  

UMS Holdings Ltd.(a)

     3,141,859        1,681,689  

United Engineers Ltd.

     1,172,589        2,181,561  

Wing Tai Holdings Ltd.

     8,000        11,990  

Yanlord Land Group Ltd.

     3,489,100        3,503,268  
     

 

 

 
Total Singapore

 

     63,407,159  
Spain – 1.7%      

Almirall S.A.

     107,054        1,827,125  

Applus Services S.A.

     92,750        1,108,096  

Atresmedia Corp. de Medios de Comunicacion S.A.(a)

     630,502        2,957,853  

Bolsas y Mercados Espanoles SHMSF S.A.

     211,086        5,906,486  

Construcciones y Auxiliar de Ferrocarriles S.A.

     19,162        921,963  

Ence Energia y Celulosa S.A.

     800,432        4,457,874  

Euskaltel S.A.(b)

     324,546        3,026,478  

Faes Farma S.A.

     498,129        2,108,652  

Lar Espana Real Estate Socimi S.A.

     207,756        1,735,594  

Obrascon Huarte Lain S.A.(a)

     1,669,665        2,104,444  

Tecnicas Reunidas S.A.(a)

     99,145        2,790,917  
     

 

 

 
Total Spain

 

     28,945,482  
Sweden – 5.8%      

Acando AB

     665,796        2,964,581  

AddTech AB Class B

     107,649        2,239,955  

AF Poyry AB Class B(a)

     111,761        1,867,644  

Ahlstrom-Munksjo Oyj(a)

     151,714        2,327,009  

Alimak Group AB(a)(b)

     94,782        1,352,963  

Arjo AB Class B

     284,537        1,049,148  

Atrium Ljungberg AB Class B

     235,739        4,036,026  

Attendo AB(b)

     228,322        1,152,035  

Avanza Bank Holding AB

     43,226      1,859,473  

Betsson AB*

     426,166        3,240,595  

Bilia AB Class A

     386,276        3,304,583  

BioGaia AB Class B

     18,060        886,907  

Bonava AB Class B

     295,792        3,727,975  

Bravida Holding AB(b)

     216,377        1,911,754  

Bulten AB(a)

     142,786        1,223,840  

Cloetta AB Class B

     415,208        1,074,358  

Coor Service Management Holding AB(b)

     344,040        3,071,223  

Duni AB

     140,940        1,525,598  

Dustin Group AB(b)

     249,668        2,347,207  

Evolution Gaming Group AB(b)

     29,074        2,296,066  

Granges AB

     93,138        960,972  

Hemfosa Fastigheter AB

     332,478        2,923,203  

HIQ International AB*

     247,033        1,598,005  

Holmen AB Class B

     135,786        2,949,865  

KNOW IT AB

     74,231        1,592,614  

Kungsleden AB

     466,802        3,724,230  

Loomis AB Class B

     91,150        3,144,696  

Mycronic AB(a)

     233,264        3,332,235  

NetEnt AB*

     523,947        1,906,484  

New Wave Group AB Class B

     261,182        1,712,060  

Nobia AB

     465,342        2,734,266  

Nobina AB(b)

     240,066        1,549,055  

Nolato AB Class B

     57,396        2,391,681  

NP3 Fastigheter AB

     200,756        1,623,311  

Peab AB

     362,565        3,140,825  

Platzer Fastigheter Holding AB Class B

     156,394        1,289,893  

Resurs Holding AB(b)

     756,450        4,697,586  

Rottneros AB

     748,500        884,452  

Scandi Standard AB

     211,528        1,395,698  

SkiStar AB

     98,440        1,086,148  

Thule Group AB(b)

     65,481        1,482,541  

Wallenstam AB Class B

     402,272        4,070,297  

Wihlborgs Fastigheter AB

     235,416        3,216,275  
     

 

 

 
Total Sweden

 

     96,865,332  
Switzerland – 1.5%      

Ascom Holding AG Registered Shares

     128,756        1,724,676  

Cembra Money Bank AG

     103,676        9,801,281  

EFG International AG*

     501,690        3,173,659  

Implenia AG Registered Shares

     32,583        970,391  

Oriflame Holding AG

     88,576        1,704,615  

Panalpina Welttransport Holding AG Registered Shares

     37,310        6,211,465  

Ypsomed Holding AG Registered Shares*

     11,620        1,487,649  
     

 

 

 
Total Switzerland

 

     25,073,736  
United Kingdom – 15.2%      

A.G. Barr PLC

     97,202        1,022,139  

AA PLC

     269,572        319,652  

Aggreko PLC

     469,918        4,820,237  

Ascential PLC

     191,523        889,946  

Balfour Beatty PLC

     377,856        1,290,490  

BCA Marketplace PLC

     1,285,059        3,308,805  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Big Yellow Group PLC

     262,619      $ 3,392,971  

Bodycote PLC

     120,613        1,293,467  

Bovis Homes Group PLC

     174,460        2,417,656  

Brewin Dolphin Holdings PLC

     526,775        2,142,986  

Britvic PLC

     477,541        5,927,027  

Card Factory PLC

     1,888,262        4,436,283  

CareTech Holdings PLC

     210,310        918,049  

Central Asia Metals PLC

     495,086        1,528,939  

Chesnara PLC

     311,098        1,532,323  

Civitas Social Housing PLC

     1,604,072        2,006,579  

Clinigen Group PLC

     82,220        992,623  

Close Brothers Group PLC

     26,042        493,740  

CMC Markets PLC(b)

     974,172        1,054,867  

Coats Group PLC

     1,064,934        1,097,641  

Computacenter PLC

     156,206        2,251,200  

Concentric AB

     83,100        1,317,014  

ContourGlobal PLC(b)

     314,036        706,287  

Costain Group PLC

     212,789        928,871  

Countryside Properties PLC(b)

     408,909        1,730,629  

Cranswick PLC

     69,081        2,450,236  

Crest Nicholson Holdings PLC

     995,381        4,799,017  

Dairy Crest Group PLC

     112,248        908,304  

Dart Group PLC

     36,770        380,191  

De La Rue PLC

     289,679        1,455,133  

Devro PLC

     483,810        1,241,945  

DFS Furniture PLC

     331,626        1,082,474  

Diploma PLC

     131,655        2,501,244  

Dixons Carphone PLC

     2,967,236        5,674,027  

Domino’s Pizza Group PLC

     716,883        2,260,606  

Drax Group PLC

     614,501        3,029,946  

Dunelm Group PLC

     331,219        3,752,719  

Elementis PLC

     855,104        1,810,646  

EMIS Group PLC

     50,459        690,382  

Epwin Group PLC

     889,500        846,116  

Equiniti Group PLC(b)

     336,516        912,074  

Essentra PLC

     500,674        2,694,426  

Eurocell PLC

     186,862        579,508  

Euromoney Institutional Investor PLC

     104,282        1,709,430  

FDM Group Holdings PLC

     105,097        1,231,151  

Ferrexpo PLC

     745,404        2,404,936  

Galliford Try PLC

     366,002        3,178,666  

Games Workshop Group PLC

     104,088        4,265,624  

Gamma Communications PLC

     84,096        1,071,705  

Genus PLC

     52,156        1,508,754  

Go-Ahead Group PLC (The)

     122,602        3,132,827  

Greene King PLC

     762,858        6,614,359  

Greggs PLC

     89,738        2,150,400  

Halfords Group PLC

     560,186        1,693,485  

Hastings Group Holdings PLC(b)

     1,340,369        3,783,067  

Headlam Group PLC

     303,056        1,761,242  

Helical PLC

     142,207        612,426  

Hill & Smith Holdings PLC

     168,228        2,724,775  

Hilton Food Group PLC

     76,258        943,996  

Huntsworth PLC

     877,616        983,477  

Ibstock PLC(b)

     523,778      1,636,657  

Inmarsat PLC

     1,014,040        7,333,466  

ITE Group PLC

     2,115,268        1,929,411  

J D Wetherspoon PLC

     71,516        1,220,775  

James Fisher & Sons PLC

     63,729        1,640,912  

James Halstead PLC

     254,119        1,473,528  

John Laing Group PLC(b)

     388,831        1,925,332  

John Menzies PLC

     243,498        1,548,376  

Johnson Service Group PLC

     542,595        982,770  

Jupiter Fund Management PLC

     1,558,382        7,346,893  

Kcom Group PLC

     1,675,691        1,535,007  

Keller Group PLC

     109,584        881,036  

Kier Group PLC

     353,964        1,675,198  

Lookers PLC

     1,240,496        1,632,593  

M&C Saatchi PLC

     117,864        575,935  

Marshalls PLC

     248,000        1,998,723  

Marston’s PLC

     3,035,172        4,061,767  

McBride PLC*

     518,684        675,871  

McColl’s Retail Group PLC(a)

     218,113        206,338  

Microgen PLC

     20,100        96,908  

Millennium & Copthorne Hotels PLC

     167,711        996,524  

MJ Gleeson PLC

     107,850        1,129,893  

Moneysupermarket.com Group PLC

     211,037        1,023,245  

Morgan Advanced Materials PLC

     349,295        1,106,012  

Morgan Sindall Group PLC

     44,594        728,677  

N Brown Group PLC

     1,143,301        1,466,687  

National Express Group PLC

     983,163        5,201,311  

NCC Group PLC

     225,360        411,118  

Northgate PLC

     294,259        1,434,044  

Numis Corp. PLC

     291,446        949,422  

OneSavings Bank PLC

     292,919        1,464,156  

Oxford Instruments PLC

     54,532        694,236  

Pagegroup PLC

     1,093,889        6,699,345  

PayPoint PLC

     144,598        1,614,746  

Photo-Me International PLC

     1,626,193        1,690,971  

Polar Capital Holdings PLC

     147,838        1,005,583  

Polypipe Group PLC

     271,315        1,424,755  

PZ Cussons PLC

     844,440        2,158,883  

QinetiQ Group PLC

     580,876        2,279,815  

Rank Group PLC

     940,245        1,928,444  

Redde PLC

     992,824        1,539,503  

Renewi PLC

     2,136,967        654,375  

Restaurant Group PLC (The)

     1,337,903        2,057,159  

RPS Group PLC

     447,133        1,090,696  

RWS Holdings PLC

     390,785        2,454,405  

Safestore Holdings PLC

     242,290        1,883,247  

Saga PLC

     3,765,692        5,456,458  

Savills PLC

     172,732        2,035,835  

Senior PLC

     257,357        731,732  

SIG PLC

     992,578        1,836,598  

Smart Metering Systems PLC

     16,470        116,964  

Spirent Communications PLC

     840,635        1,575,171  

St. Modwen Properties PLC

     199,269        1,030,321  

Stagecoach Group PLC

     2,407,316        4,818,208  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2019

 

 

 

Investments    Shares     Value  

SThree PLC

     231,459     $ 811,311  

Stock Spirits Group PLC

     445,069       1,333,879  

Synthomer PLC

     395,584       1,955,678  

TalkTalk Telecom Group PLC(a)

     1,901,064       2,732,332  

TBC Bank Group PLC

     80,609       1,621,780  

Ted Baker PLC

     58,859       1,194,928  

Telecom Plus PLC

     124,163       2,459,218  

TT Electronics PLC

     229,346       649,997  

Tyman PLC

     381,707       1,203,668  

U & I Group PLC

     295,659       721,204  

Ultra Electronics Holdings PLC

     101,370       2,108,160  

Vertu Motors PLC

     1,300,648       596,997  

Vesuvius PLC

     566,801       4,383,415  

Volution Group PLC

     172,269       380,485  

WH Smith PLC

     149,018       4,120,457  

Wincanton PLC

     32,228       99,318  

XPS Pensions Group PLC

     116,480       209,455  
    

 

 

 
Total United Kingdom

 

    254,308,052  
TOTAL COMMON STOCKS
(Cost: $1,564,000,682)
             1,649,307,944  
RIGHTS – 0.0%

 

Singapore – 0.0%     

Keppel Infrastructure Trust, expiring 4/4/19*

     1,363,595       24,161  
Sweden – 0.0%     

AF Poyry AB, expiring 4/12/19*(a)

     111,761       228,937  
TOTAL RIGHTS
(Cost: $0)
             253,098  
EXCHANGE-TRADED FUNDS – 0.8%

 

United States – 0.8%     

WisdomTree Europe SmallCap Dividend Fund(c)

     124,546       7,277,796  

WisdomTree Japan SmallCap Dividend Fund(c)

     86,816       5,920,851  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $13,715,012)
             13,198,647  
      Principal
Amount
        
FOREIGN CORPORATE BOND – 0.0%     
Israel – 0.0%     

IDB Development Corp. Ltd. 4.95%, 12/18/25, Series B9

    
(Cost: $161,512)      734,891   ILS      112,540  
Investments   Shares     Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.8%

 

United States – 4.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(d)

   
(Cost: $80,551,752)(e)     80,551,752     80,551,752  
TOTAL INVESTMENTS IN SECURITIES – 104.2%
(Cost: $1,658,428,958)

 

    1,743,423,981  

Other Assets less Liabilities – (4.2)%

 

    (70,329,046
   

 

 

 
NET ASSETS – 100.0%           $ 1,673,094,935  

 

 

Principal amount is reported in U.S. dollars unless otherwise noted.

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(e) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $197,556,350. The total market value of the collateral held by the Fund was $208,852,281. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $128,300,529.

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

CURRENCY LEGEND
ILS   Israeli new shekel

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Table of Contents

Schedule of Investments

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%

 

Japan – 98.7%

 

Air Freight & Logistics – 0.3%

 

AIT Corp.

     20,300      $ 204,128  

Kintetsu World Express, Inc.

     29,000        441,740  

Konoike Transport Co., Ltd.

     32,600        539,283  

Maruwa Unyu Kikan Co., Ltd.(a)

     10,500        359,534  

SBS Holdings, Inc.

     15,800        265,653  
     

 

 

 
Total Air Freight & Logistics

 

     1,810,338  
Auto Components – 5.9%

 

Ahresty Corp.(a)

     36,900        211,029  

Aisan Industry Co., Ltd.

     75,400        463,224  

Daido Metal Co., Ltd.(a)

     52,700        337,097  

Daikyonishikawa Corp.

     60,600        556,260  

Eagle Industry Co., Ltd.

     55,300        604,036  

Exedy Corp.(a)

     45,625        988,470  

FCC Co., Ltd.

     31,400        664,113  

Futaba Industrial Co., Ltd.

     78,300        385,540  

G-Tekt Corp.

     43,900        606,830  

H-One Co., Ltd.

     27,400        221,804  

IJT Technology Holdings Co., Ltd.(a)

     68,600        360,090  

Imasen Electric Industrial

     44,700        404,253  

Kasai Kogyo Co., Ltd.(a)

     49,000        362,127  

Keihin Corp.

     68,421        1,120,105  

KYB Corp.(a)

     27,240        668,910  

Musashi Seimitsu Industry Co., Ltd.

     44,400        601,708  

NHK Spring Co., Ltd.(a)

     189,900        1,705,386  

Nichirin Co., Ltd.

     19,900        319,306  

Nifco, Inc.(a)

     63,672        1,622,217  

Nihon Tokushu Toryo Co., Ltd.

     6,400        66,668  

Nissin Kogyo Co., Ltd.

     61,900        775,672  

NOK Corp.(a)

     185,500        2,887,623  

Pacific Industrial Co., Ltd.(a)

     50,000        702,896  

Piolax, Inc.(a)

     31,800        611,666  

Press Kogyo Co., Ltd.

     70,500        373,885  

Riken Corp.

     13,900        631,675  

Sanoh Industrial Co., Ltd.(a)

     77,300        352,681  

Shoei Co., Ltd.(a)

     12,800        546,416  

Showa Corp.

     35,200        449,044  

Sumitomo Riko Co., Ltd.

     60,200        504,726  

T. RAD Co., Ltd.

     8,000        153,372  

Tachi-S Co., Ltd.

     14,000        200,352  

Taiho Kogyo Co., Ltd.

     44,600        364,666  

Tokai Rika Co., Ltd.

     126,858        2,162,723  

Topre Corp.(a)

     38,700        722,708  

Toyo Tire Corp.

     138,800        1,573,781  

Toyoda Gosei Co., Ltd.

     98,300        2,081,720  

Toyota Boshoku Corp.

     205,600        3,111,352  

TPR Co., Ltd.

     26,300        500,172  

TS Tech Co., Ltd.

     49,400        1,421,502  

Unipres Corp.

     45,703        713,922  

Yokohama Rubber Co., Ltd. (The)

     170,300        3,163,363  

Yorozu Corp.(a)

     29,500        385,391  
     

 

 

 
Total Auto Components

 

     36,660,481  
Banks – 5.8%

 

77 Bank Ltd. (The)

     45,700      638,731  

Akita Bank Ltd. (The)

     23,700        481,130  

Aomori Bank Ltd. (The)

     12,562        332,989  

Awa Bank Ltd. (The)

     19,975        507,834  

Bank of Nagoya Ltd. (The)(a)

     9,369        302,185  

Bank of Okinawa Ltd. (The)

     14,080        438,231  

Bank of Saga Ltd. (The)

     26,444        455,367  

Bank of the Ryukyus Ltd.(a)

     45,708        465,814  

Chugoku Bank Ltd. (The)

     121,000        1,135,827  

Chukyo Bank Ltd. (The)

     26,500        543,719  

Daishi Hokuetsu Financial Group, Inc.

     37,455        1,057,477  

Ehime Bank Ltd. (The)(a)

     62,999        647,720  

FIDEA Holdings Co., Ltd.

     360,800        427,021  

Fukui Bank Ltd. (The)

     25,048        383,352  

Gunma Bank Ltd. (The)

     362,200        1,371,114  

Hachijuni Bank Ltd. (The)

     517,600        2,146,437  

Hiroshima Bank Ltd. (The)

     292,100        1,488,408  

Hokkoku Bank Ltd. (The)

     26,462        829,590  

Hokuhoku Financial Group, Inc.

     136,400        1,420,872  

Hyakugo Bank Ltd. (The)

     165,600        526,640  

Hyakujushi Bank Ltd. (The)

     27,600        571,525  

Iyo Bank Ltd. (The)

     235,600        1,247,338  

Jimoto Holdings, Inc.

     300,200        314,615  

Juroku Bank Ltd. (The)

     41,400        840,829  

Keiyo Bank Ltd. (The)

     133,842        781,153  

Kiyo Bank Ltd. (The)(a)

     57,590        802,831  

Kyushu Financial Group, Inc.(a)

     424,600        1,726,250  

Miyazaki Bank Ltd. (The)

     24,300        607,912  

Musashino Bank Ltd. (The)

     27,100        540,849  

Nanto Bank Ltd. (The)

     40,700        762,263  

Nishi-Nippon Financial Holdings, Inc.

     171,700        1,458,174  

North Pacific Bank Ltd.

     521,515        1,305,142  

Ogaki Kyoritsu Bank Ltd. (The)

     46,142        958,816  

Oita Bank Ltd. (The)

     11,700        365,741  

San-In Godo Bank Ltd. (The)

     175,700        1,260,386  

Senshu Ikeda Holdings, Inc.

     421,440        1,081,348  

Shiga Bank Ltd. (The)

     26,584        633,587  

Shikoku Bank Ltd. (The)

     40,300        378,660  

Suruga Bank Ltd.*(a)

     174,300        807,841  

Tochigi Bank Ltd. (The)

     66,143        140,431  

Toho Bank Ltd. (The)

     269,900        721,782  

Tokyo Kiraboshi Financial Group, Inc.(a)

     22,100        312,477  

TOMONY Holdings, Inc.

     107,177        407,657  

Towa Bank Ltd. (The)

     29,400        189,120  

Yamagata Bank Ltd. (The)

     19,100        339,947  

Yamaguchi Financial Group, Inc.

     135,800        1,150,837  

Yamanashi Chuo Bank Ltd. (The)

     17,200        213,048  
     

 

 

 
Total Banks

 

     35,521,017  
Beverages – 0.6%

 

Ito En Ltd.

     27,000        1,402,629  

Sapporo Holdings Ltd.

     41,498        906,181  

Takara Holdings, Inc.

     98,511        1,165,026  
     

 

 

 
Total Beverages

 

     3,473,836  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  
Building Products – 1.9%

 

Aica Kogyo Co., Ltd.

     50,115      $ 1,670,726  

Bunka Shutter Co., Ltd.

     44,400        321,713  

Central Glass Co., Ltd.

     30,886        678,077  

Nichias Corp.

     55,113        1,091,455  

Nichiha Corp.

     18,400        507,025  

Nihon Flush Co., Ltd.(a)

     9,700        182,108  

Nitto Boseki Co., Ltd.

     20,799        372,065  

Noritz Corp.

     27,100        423,082  

Okabe Co., Ltd.

     91,100        787,665  

Sankyo Tateyama, Inc.

     24,200        325,334  

Sanwa Holdings Corp.

     202,866        2,413,828  

Shin Nippon Air Technologies Co., Ltd.

     31,000        541,663  

Sinko Industries Ltd.

     21,700        293,490  

Takara Standard Co., Ltd.

     62,431        956,051  

Takasago Thermal Engineering Co., Ltd.

     86,572        1,393,787  
     

 

 

 
Total Building Products

 

     11,958,069  
Capital Markets – 2.5%

 

GCA Corp.

     61,200        435,701  

GMO Financial Holdings, Inc.

     152,100        886,340  

Ichiyoshi Securities Co., Ltd.

     99,088        694,695  

IwaiCosmo Holdings, Inc.

     51,300        572,858  

kabu.com Securities Co., Ltd.

     402,600        2,022,366  

Kyokuto Securities Co., Ltd.(a)

     80,400        746,725  

Marusan Securities Co., Ltd.(a)

     197,300        1,165,779  

Matsui Securities Co., Ltd.(a)

     439,400        4,136,557  

Mito Securities Co., Ltd.

     157,700        293,501  

Monex Group, Inc.(a)

     187,494        648,780  

Okasan Securities Group, Inc.(a)

     361,000        1,340,480  

Sparx Group Co., Ltd.(a)

     227,500        480,959  

Tokai Tokyo Financial Holdings, Inc.(a)

     533,500        1,932,814  

Toyo Securities Co., Ltd.

     241,600        309,953  
     

 

 

 
Total Capital Markets

 

     15,667,508  
Chemicals – 7.2%

 

Achilles Corp.(a)

     27,600        476,021  

ADEKA Corp.

     74,425        1,091,311  

Arakawa Chemical Industries Ltd.(a)

     26,300        323,389  

Asahi Yukizai Corp.

     20,100        295,639  

C.I. Takiron Corp.

     96,300        522,022  

Chugoku Marine Paints Ltd.(a)

     70,400        630,315  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     17,242        470,442  

Denka Co., Ltd.

     98,000        2,824,412  

DIC Corp.

     133,800        3,910,584  

Fujimi, Inc.

     27,300        596,636  

Fujimori Kogyo Co., Ltd.

     19,100        524,588  

Fuso Chemical Co., Ltd.(a)

     19,400        326,357  

JCU Corp.

     20,100        314,343  

JSP Corp.(a)

     14,123        311,718  

Kaneka Corp.

     44,500        1,666,463  

Kanto Denka Kogyo Co., Ltd.

     32,700        220,393  

KH Neochem Co., Ltd.

     26,400        636,834  

Koatsu Gas Kogyo Co., Ltd.

     64,700        499,199  

Konishi Co., Ltd.

     14,200        205,780  

Kumiai Chemical Industry Co., Ltd.

     62,424      440,467  

Kureha Corp.(a)

     10,664        598,305  

Lintec Corp.

     72,265        1,563,016  

Moriroku Holdings Co., Ltd.

     27,200        640,405  

Nihon Nohyaku Co., Ltd.(a)

     98,100        395,289  

Nihon Parkerizing Co., Ltd.

     64,500        805,339  

Nippon Kayaku Co., Ltd.

     187,800        2,219,293  

Nippon Shokubai Co., Ltd.

     28,100        1,832,967  

Nippon Soda Co., Ltd.

     25,618        676,759  

NOF Corp.

     68,000        2,316,122  

Okamoto Industries, Inc.

     13,487        681,143  

Okura Industrial Co., Ltd.

     19,390        312,174  

Osaka Organic Chemical Industry Ltd.

     27,500        270,317  

Osaka Soda Co., Ltd.

     23,500        576,221  

Riken Technos Corp.

     98,900        404,768  

Sakai Chemical Industry Co., Ltd.

     11,100        243,792  

Sakata INX Corp.

     44,700        412,330  

Sanyo Chemical Industries Ltd.

     17,435        806,498  

Sekisui Plastics Co., Ltd.

     44,300        355,809  

Shikoku Chemicals Corp.(a)

     41,100        449,302  

Sumitomo Bakelite Co., Ltd.

     26,618        953,520  

Sumitomo Seika Chemicals Co., Ltd.

     8,100        297,845  

T Hasegawa Co., Ltd.

     26,000        419,298  

Taiyo Holdings Co., Ltd.

     41,991        1,382,818  

Takasago International Corp.

     21,100        637,661  

Tayca Corp.(a)

     13,900        320,359  

Toagosei Co., Ltd.

     86,000        909,066  

Tokuyama Corp.

     24,000        566,364  

Tokyo Ohka Kogyo Co., Ltd.

     27,000        736,685  

Toyo Ink SC Holdings Co., Ltd.

     56,602        1,270,777  

Toyobo Co., Ltd.(a)

     87,953        1,124,394  

Ube Industries Ltd.

     104,493        2,147,731  

Valqua Ltd.(a)

     21,137        422,606  

Zeon Corp.

     108,700        1,099,914  
     

 

 

 
Total Chemicals

 

     44,135,800  
Commercial Services & Supplies – 1.5%

 

Aeon Delight Co., Ltd.

     27,000        1,050,142  

Bell System24 Holdings, Inc.

     62,700        774,934  

Daiseki Co., Ltd.

     14,107        342,973  

Inui Global Logistics Co., Ltd.(a)

     36,700        296,757  

Kokuyo Co., Ltd.

     73,703        1,081,390  

Matsuda Sangyo Co., Ltd.

     37,300        469,430  

Mitsubishi Pencil Co., Ltd.

     39,600        767,421  

Nakamoto Packs Co., Ltd.

     26,400        363,496  

Nichiban Co., Ltd.

     9,500        201,184  

Nippon Air Conditioning Services Co., Ltd.

     44,500        273,791  

Nippon Parking Development Co., Ltd.

     271,700        422,211  

Okamura Corp.

     80,876        846,865  

Pilot Corp.

     8,600        348,475  

Prestige International, Inc.

     18,800        236,094  

Relia, Inc.

     48,700        424,588  

Sato Holdings Corp.

     27,138        636,493  

Toppan Forms Co., Ltd.

     114,600        978,425  
     

 

 

 
Total Commercial Services & Supplies

 

     9,514,669  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  
Construction & Engineering – 5.8%

 

Asanuma Corp.(a)

     9,400      $ 208,917  

Asunaro Aoki Construction Co., Ltd.

     65,000        575,507  

COMSYS Holdings Corp.(a)

     81,100        2,212,784  

Daiho Corp.

     19,000        555,315  

Fudo Tetra Corp.

     17,460        227,468  

Hazama Ando Corp.

     175,900        1,177,593  

Kandenko Co., Ltd.

     158,538        1,354,989  

Kitano Construction Corp.

     9,365        263,135  

Kumagai Gumi Co., Ltd.

     45,100        1,409,821  

Kyowa Exeo Corp.

     80,166        2,212,650  

Kyudenko Corp.

     39,190        1,228,615  

Maeda Corp.

     97,487        967,075  

Maeda Road Construction Co., Ltd.

     78,694        1,527,880  

Matsui Construction Co., Ltd.

     53,200        341,257  

Meisei Industrial Co., Ltd.

     62,400        421,130  

Mirait Holdings Corp.(a)

     55,800        815,184  

Nippo Corp.

     96,558        1,800,567  

Nippon Densetsu Kogyo Co., Ltd.

     45,100        938,794  

Nippon Koei Co., Ltd.

     10,500        222,361  

Nippon Road Co., Ltd. (The)

     8,600        505,814  

Nishimatsu Construction Co., Ltd.

     58,907        1,305,496  

Nittoc Construction Co., Ltd.(a)

     99,900        537,927  

Okumura Corp.

     79,070        2,511,009  

OSJB Holdings Corp.

     80,300        200,959  

Penta-Ocean Construction Co., Ltd.

     180,593        837,008  

PS Mitsubishi Construction Co., Ltd.(a)

     81,100        485,054  

Raito Kogyo Co., Ltd.

     61,700        831,697  

Shinnihon Corp.

     38,200        338,566  

SHO-BOND Holdings Co., Ltd.

     11,300        754,456  

Sumitomo Densetsu Co., Ltd.

     28,300        480,168  

Sumitomo Mitsui Construction Co., Ltd.

     136,360        949,845  

Taihei Dengyo Kaisha Ltd.

     16,400        348,344  

Taikisha Ltd.

     27,165        825,859  

Tekken Corp.

     19,700        485,180  

Toda Corp.

     227,649        1,398,575  

Tokyo Energy & Systems, Inc.

     44,400        395,121  

Tokyu Construction Co., Ltd.

     98,400        737,878  

Toshiba Plant Systems & Services Corp.

     62,400        1,106,665  

Totetsu Kogyo Co., Ltd.

     26,479        729,647  

Toyo Construction Co., Ltd.

     97,900        377,678  

Yahagi Construction Co., Ltd.

     77,800        539,121  

Yokogawa Bridge Holdings Corp.(a)

     12,200        209,754  

Yurtec Corp.

     93,900        687,166  
     

 

 

 
Total Construction & Engineering

 

     36,040,029  
Construction Materials – 0.3%

 

Geostr Corp.

     106,500        414,704  

Krosaki Harima Corp.

     9,700        485,504  

Sumitomo Osaka Cement Co., Ltd.

     30,340        1,195,125  
     

 

 

 
Total Construction Materials

 

     2,095,333  
Consumer Finance – 0.0%

 

J Trust Co., Ltd.(a)

     62,600        213,785  
Containers & Packaging – 1.0%

 

FP Corp.

     20,200      1,193,549  

Fuji Seal International, Inc.

     21,210        766,500  

Hokkan Holdings Ltd.(a)

     11,400        197,853  

Nihon Yamamura Glass Co., Ltd.

     27,200        355,098  

Pack Corp. (The)

     16,500        506,098  

Rengo Co., Ltd.

     143,500        1,345,738  

Toyo Seikan Group Holdings Ltd.

     76,900        1,575,031  
     

 

 

 
Total Containers & Packaging

 

     5,939,867  
Distributors – 0.7%

 

Arata Corp.

     8,300        286,078  

Canon Marketing Japan, Inc.

     158,200        3,111,546  

Doshisha Co., Ltd.

     32,200        502,411  

Happinet Corp.

     29,800        384,733  
     

 

 

 
Total Distributors

 

     4,284,768  
Diversified Consumer Services – 0.8%

 

Benesse Holdings, Inc.

     97,700        2,537,720  

Meiko Network Japan Co., Ltd.(a)

     27,286        237,398  

Riso Kyoiku Co., Ltd.

     196,700        906,329  

Studio Alice Co., Ltd.

     25,360        522,849  

Tokyo Individualized Educational Institute, Inc.

     56,000        563,617  
     

 

 

 
Total Diversified Consumer Services

 

     4,767,913  
Diversified Financial Services – 0.2%

 

Financial Products Group Co., Ltd.

     104,300        854,679  

Ricoh Leasing Co., Ltd.

     21,300        642,743  
     

 

 

 
Total Diversified Financial Services

 

     1,497,422  
Diversified Telecommunication Services – 0.1%

 

Internet Initiative Japan, Inc.

     17,900        362,092  
Electric Utilities – 0.5%

 

Hokkaido Electric Power Co., Inc.(a)

     35,800        205,708  

Okinawa Electric Power Co., Inc. (The)

     45,425        773,602  

Shikoku Electric Power Co., Inc.(a)

     166,000        2,021,665  
     

 

 

 
Total Electric Utilities

 

     3,000,975  
Electrical Equipment – 1.8%

 

Chiyoda Integre Co., Ltd.

     26,381        489,318  

Cosel Co., Ltd.(a)

     43,200        454,696  

Daihen Corp.(a)

     18,900        485,798  

Denyo Co., Ltd.

     20,900        258,500  

Fujikura Ltd.(a)

     200,015        753,546  

Furukawa Electric Co., Ltd.

     46,400        1,170,009  

GS Yuasa Corp.(a)

     52,300        1,025,824  

Helios Techno Holding Co., Ltd.(a)

     49,000        294,394  

Idec Corp.(a)

     26,936        464,326  

Mabuchi Motor Co., Ltd.

     62,000        2,156,570  

Nippon Carbon Co., Ltd.(a)

     8,400        372,625  

Nissin Electric Co., Ltd.

     116,165        1,065,253  

Nitto Kogyo Corp.(a)

     45,200        904,122  

Sanyo Denki Co., Ltd.

     8,200        294,114  

Sinfonia Technology Co., Ltd.

     24,000        293,156  

Takaoka Toko Co., Ltd.

     26,500        315,314  

Tatsuta Electric Wire and Cable Co., Ltd.

     67,800        279,322  

Toyo Tanso Co., Ltd.

     5,500        102,213  
     

 

 

 
Total Electrical Equipment

 

     11,179,100  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  
Electronic Equipment, Instruments & Components – 5.5%

 

Ai Holdings Corp.

     23,500      $ 388,323  

Amano Corp.

     59,035        1,390,471  

Anritsu Corp.(a)

     62,000        1,148,304  

Azbil Corp.

     105,308        2,463,228  

Canon Electronics, Inc.

     42,500        673,488  

Citizen Watch Co., Ltd.

     395,600        2,205,224  

CMK Corp.

     47,200        275,477  

CONEXIO Corp.

     53,800        678,059  

Daiwabo Holdings Co., Ltd.

     19,539        1,124,483  

Dexerials Corp.

     98,000        649,880  

Elematec Corp.

     20,577        314,739  

ESPEC Corp.

     23,000        428,685  

Excel Co., Ltd.(a)

     13,300        281,176  

FTGroup Co., Ltd.

     44,600        553,647  

Hagiwara Electric Holdings Co., Ltd.

     18,700        520,359  

Hakuto Co., Ltd.

     26,534        281,198  

Hioki EE Corp.

     8,500        364,006  

Hochiki Corp.

     3,500        35,194  

Horiba Ltd.

     24,000        1,333,514  

Ibiden Co., Ltd.(a)

     102,300        1,554,579  

Innotech Corp.

     21,800        190,062  

Iriso Electronics Co., Ltd.(a)

     9,000        411,438  

Japan Aviation Electronics Industry Ltd.

     61,800        860,404  

Kaga Electronics Co., Ltd.

     27,500        504,856  

Koa Corp.

     20,747        279,101  

Kyosan Electric Manufacturing Co., Ltd.(a)

     44,700        146,597  

Macnica Fuji Electronics Holdings, Inc.(a)

     62,600        854,009  

Marubun Corp.

     41,800        240,562  

Maruwa Co., Ltd.

     3,400        160,347  

Nippon Electric Glass Co., Ltd.

     118,600        3,144,880  

Nippon Signal Co., Ltd.(a)

     44,900        402,005  

Nissha Co., Ltd.

     24,300        256,644  

Nohmi Bosai Ltd.

     34,091        557,172  

Oki Electric Industry Co., Ltd.(a)

     146,300        1,728,874  

Optex Group Co., Ltd.

     8,300        132,353  

Osaki Electric Co., Ltd.

     44,500        277,007  

Ryoden Corp.

     21,461        284,634  

Ryosan Co., Ltd.(a)

     44,400        1,190,579  

Sanshin Electronics Co., Ltd.(a)

     26,400        451,747  

Satori Electric Co., Ltd.

     26,700        226,751  

Shibaura Electronics Co., Ltd.(a)

     8,500        289,515  

Siix Corp.(a)

     20,400        308,898  

SMK Corp.(a)

     7,500        177,395  

Sumida Corp.(a)

     45,100        636,457  

Tachibana Eletech Co., Ltd.(a)

     34,400        516,847  

Taiyo Yuden Co., Ltd.(a)

     40,300        792,638  

Tamura Corp.(a)

     28,200        155,669  

Topcon Corp.

     41,800        493,209  

Tsuzuki Denki Co., Ltd.

     35,810        275,325  

UKC Holdings Corp.(a)

     13,700        253,367  

V Technology Co., Ltd.

     3,200        405,619  

Vitec Holdings Co., Ltd.

     21,100        390,222  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     33,659,217  
Energy Equipment & Services – 0.3%

 

Modec, Inc.

     31,104      885,193  

Shinko Plantech Co., Ltd.

     84,100        896,580  

Toyo Kanetsu K.K.

     5,600        101,391  
     

 

 

 
Total Energy Equipment & Services

 

     1,883,164  
Entertainment – 2.3%

 

Avex, Inc.(a)

     52,799        704,082  

Capcom Co., Ltd.

     69,426        1,555,554  

COLOPL, Inc.(a)

     124,100        770,264  

Daiichikosho Co., Ltd.

     45,100        2,306,239  

DeNA Co., Ltd.

     96,000        1,445,833  

GungHo Online Entertainment, Inc.(a)

     373,100        1,358,443  

Koei Tecmo Holdings Co., Ltd.

     151,800        2,926,695  

Marvelous, Inc.(a)

     54,000        419,081  

Shochiku Co., Ltd.(a)

     2,700        302,480  

Toei Animation Co., Ltd.

     26,600        1,312,156  

Toei Co., Ltd.

     7,331        975,612  
     

 

 

 
Total Entertainment

 

     14,076,439  
Food & Staples Retailing – 2.3%

 

Ain Holdings, Inc.

     8,600        646,447  

Albis Co., Ltd.(a)

     8,900        186,065  

Arcs Co., Ltd.

     32,694        718,952  

Axial Retailing, Inc.

     26,000        801,012  

Belc Co., Ltd.

     10,600        479,794  

Cawachi Ltd.

     17,900        286,083  

Cocokara fine, Inc.

     8,800        349,424  

Create SD Holdings Co., Ltd.

     27,900        656,130  

Heiwado Co., Ltd.

     32,963        701,936  

Inageya Co., Ltd.(a)

     26,600        305,929  

Kato Sangyo Co., Ltd.(a)

     26,416        871,106  

Kobe Bussan Co., Ltd.

     32,400        1,229,435  

Life Corp.

     16,100        345,899  

Ministop Co., Ltd.

     25,800        399,523  

Mitsubishi Shokuhin Co., Ltd.

     47,800        1,250,655  

Nihon Chouzai Co., Ltd.

     13,900        470,931  

Nishimoto Co., Ltd.

     8,200        321,525  

Okuwa Co., Ltd.

     38,900        390,459  

Qol Holdings Co., Ltd.

     13,500        183,927  

San-A Co., Ltd.

     9,600        384,226  

Shoei Foods Corp.(a)

     8,900        253,286  

Sogo Medical Holdings Co., Ltd.

     19,800        303,212  

United Super Markets Holdings, Inc.

     69,300        685,581  

Valor Holdings Co., Ltd.

     33,291        806,672  

Yaoko Co., Ltd.

     19,500        958,395  

Yokohama Reito Co., Ltd.(a)

     33,000        266,540  
     

 

 

 
Total Food & Staples Retailing

 

     14,253,144  
Food Products – 3.5%

 

Ariake Japan Co., Ltd.

     9,228        493,561  

Chubu Shiryo Co., Ltd.

     700        7,387  

DyDo Group Holdings, Inc.

     8,500        383,204  

Ezaki Glico Co., Ltd.

     26,500        1,393,414  

Feed One Co., Ltd.

     185,700        295,281  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

Fuji Oil Holdings, Inc.

     48,400      $ 1,657,280  

Fujicco Co., Ltd.

     22,600        439,198  

Hokuto Corp.

     31,591        547,423  

Itoham Yonekyu Holdings, Inc.(a)

     169,100        1,052,626  

J-Oil Mills, Inc.

     24,200        900,790  

Kagome Co., Ltd.

     26,900        755,830  

Kameda Seika Co., Ltd.

     9,000        431,766  

Kenko Mayonnaise Co., Ltd.(a)

     8,900        176,416  

Kewpie Corp.

     83,800        2,010,110  

Kotobuki Spirits Co., Ltd.

     5,600        214,519  

Marudai Food Co., Ltd.(a)

     24,600        418,057  

Maruha Nichiro Corp.

     27,432        981,440  

Megmilk Snow Brand Co., Ltd.

     35,800        871,348  

Mitsui Sugar Co., Ltd.(a)

     34,698        854,558  

Morinaga & Co., Ltd.

     22,987        997,900  

Morinaga Milk Industry Co., Ltd.(a)

     24,182        820,377  

Nippon Flour Mills Co., Ltd.

     66,683        1,144,669  

Nippon Suisan Kaisha Ltd.

     190,000        1,450,513  

Nisshin Oillio Group Ltd. (The)

     24,300        717,902  

Prima Meat Packers Ltd.

     33,800        627,232  

Rock Field Co., Ltd.

     19,400        286,570  

S Foods, Inc.

     10,700        391,516  

Sakata Seed Corp.

     12,200        414,988  

Showa Sangyo Co., Ltd.(a)

     26,600        720,484  

Starzen Co., Ltd.(a)

     9,400        321,444  
     

 

 

 
Total Food Products

 

     21,777,803  
Gas Utilities – 0.8%

 

Hokkaido Gas Co., Ltd.

     38,600        502,182  

Nippon Gas Co., Ltd.

     13,000        359,398  

Saibu Gas Co., Ltd.

     36,800        794,948  

Shizuoka Gas Co., Ltd.

     45,092        342,615  

Toho Gas Co., Ltd.(a)

     63,000        2,828,839  
     

 

 

 
Total Gas Utilities

 

     4,827,982  
Health Care Equipment & Supplies – 1.4%

 

Daiken Medical Co., Ltd.

     73,700        370,215  

Eiken Chemical Co., Ltd.

     21,970        517,268  

Hogy Medical Co., Ltd.

     21,300        751,470  

Jeol Ltd.

     26,600        478,721  

Mani, Inc.

     14,100        689,172  

Menicon Co., Ltd.

     8,800        254,018  

Nagaileben Co., Ltd.

     27,226        590,346  

Nakanishi, Inc.

     44,300        865,708  

Nihon Kohden Corp.

     44,300        1,316,773  

Nikkiso Co., Ltd.

     42,800        499,594  

Nipro Corp.(a)

     136,900        1,767,449  

Paramount Bed Holdings Co., Ltd.

     19,121        848,210  
     

 

 

 
Total Health Care Equipment & Supplies

 

     8,948,944  
Health Care Providers & Services – 1.7%

 

As One Corp.

     14,400        1,144,871  

BML, Inc.

     27,300        791,733  

Japan Lifeline Co., Ltd.(a)

     40,500        668,871  

Miraca Holdings, Inc.

     89,000        2,208,014  

NichiiGakkan Co., Ltd.

     59,900      705,151  

Ship Healthcare Holdings, Inc.

     31,307        1,285,543  

Solasto Corp.(a)

     61,900        696,819  

Toho Holdings Co., Ltd.(a)

     45,100        1,125,819  

Tokai Corp.

     25,700        626,450  

Vital KSK Holdings, Inc.(a)

     68,300        673,837  

WIN-Partners Co., Ltd.(a)

     29,900        340,371  
     

 

 

 
Total Health Care Providers & Services

 

     10,267,479  
Health Care Technology – 0.1%

 

EM Systems Co., Ltd.(a)

     26,400        317,225  
Hotels, Restaurants & Leisure – 2.9%

 

Aeon Fantasy Co., Ltd.

     5,000        128,970  

Create Restaurants Holdings, Inc.(a)

     39,100        483,252  

Doutor Nichires Holdings Co., Ltd.

     24,953        474,104  

Fuji Kyuko Co., Ltd.(a)

     15,401        578,833  

Hiday Hidaka Corp.

     26,698        516,183  

HIS Co., Ltd.

     17,700        650,847  

Ichibanya Co., Ltd.(a)

     27,636        1,208,459  

KOMEDA Holdings Co., Ltd.

     52,800        1,003,670  

Koshidaka Holdings Co., Ltd.

     14,100        211,592  

Kyoritsu Maintenance Co., Ltd.(a)

     8,500        421,602  

MOS Food Services, Inc.(a)

     9,500        230,880  

Ohsho Food Service Corp.

     20,800        1,317,324  

Plenus Co., Ltd.(a)

     67,168        1,071,678  

Resorttrust, Inc.(a)

     82,408        1,116,791  

Round One Corp.

     44,237        559,932  

Royal Holdings Co., Ltd.

     27,400        685,217  

Saizeriya Co., Ltd.

     10,300        198,397  

SFP Holdings Co., Ltd.(a)

     9,000        154,655  

Shidax Corp.(a)

     116,800        339,789  

Skylark Holdings Co., Ltd.

     197,800        3,279,243  

St. Marc Holdings Co., Ltd.

     17,200        386,780  

Tokyo Dome Corp.

     62,500        596,851  

Tokyotokeiba Co., Ltd.

     9,642        292,697  

Toridoll Holdings Corp.(a)

     16,900        341,100  

Yoshinoya Holdings Co., Ltd.(a)

     31,600        510,465  

Zensho Holdings Co., Ltd.(a)

     45,300        1,049,367  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     17,808,678  
Household Durables – 2.0%

 

Cleanup Corp.

     15,000        80,092  

ES-Con Japan Ltd.(a)

     73,400        484,094  

FJ Next Co., Ltd.

     28,400        218,866  

Foster Electric Co., Ltd.

     41,700        626,150  

France Bed Holdings Co., Ltd.

     11,100        90,457  

Fuji Corp., Ltd.(a)

     63,000        466,730  

Fujitsu General Ltd.

     60,900        861,629  

Hoosiers Holdings(a)

     44,500        259,317  

JVC Kenwood Corp.(a)

     118,000        285,712  

Ki-Star Real Estate Co., Ltd.

     18,400        277,118  

LEC, Inc.(a)

     9,000        114,894  

Misawa Homes Co., Ltd.

     44,000        314,839  

Nihon House Holdings Co., Ltd.(a)

     80,900        344,255  

Pressance Corp.(a)

     45,100        561,076  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

Sanei Architecture Planning Co., Ltd.(a)

     19,000      $ 268,645  

Sangetsu Corp.

     80,900        1,468,384  

Space Value Holdings Co., Ltd.(a)

     52,400        242,389  

Starts Corp., Inc.

     44,500        950,025  

Sumitomo Forestry Co., Ltd.

     175,400        2,435,649  

Tama Home Co., Ltd.

     44,300        427,451  

Tamron Co., Ltd.

     27,066        493,710  

Toa Corp.

     42,152        425,004  

Zojirushi Corp.(a)

     44,500        462,348  
     

 

 

 
Total Household Durables

 

     12,158,834  
Household Products – 0.1%

 

Earth Corp.

     14,100        654,777  

ST Corp.(a)

     9,400        160,679  
     

 

 

 
Total Household Products

 

     815,456  
Independent Power & Renewable Electricity Producers – 0.1%

 

eRex Co., Ltd.(a)

     22,900        213,514  

West Holdings Corp.(a)

     41,500        415,431  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     628,945  
Industrial Conglomerates – 0.4%

 

Mie Kotsu Group Holdings, Inc.(a)

     112,800        572,739  

Nisshinbo Holdings, Inc.(a)

     136,500        1,192,533  

TOKAI Holdings Corp.

     114,900        953,996  
     

 

 

 
Total Industrial Conglomerates

 

     2,719,268  
Interactive Media & Services – 0.7%

 

Dip Corp.(a)

     34,300        592,507  

Gurunavi, Inc.

     86,000        540,001  

Mixi, Inc.

     134,000        3,096,824  

MTI Ltd.

     24,000        137,254  
     

 

 

 
Total Interactive Media & Services

 

     4,366,586  
Internet & Direct Marketing Retail – 0.1%

 

ASKUL Corp.(a)

     25,265        630,455  

Belluna Co., Ltd.

     28,384        220,025  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     850,480  
IT Services – 2.2%

 

Digital Garage, Inc.(a)

     9,900        290,243  

DTS Corp.

     19,891        735,006  

Future Corp.

     44,700        766,505  

GMO Internet, Inc.

     41,872        682,451  

Infocom Corp.(a)

     36,600        608,760  

Information Services International-Dentsu Ltd.

     21,300        734,151  

Kanematsu Electronics Ltd.

     34,100        1,030,533  

LAC Co., Ltd.(a)

     24,000        329,584  

NEC Networks & System Integration Corp.

     51,579        1,246,545  

NET One Systems Co., Ltd.

     62,158        1,565,111  

Nihon Unisys Ltd.

     73,200        1,939,038  

NS Solutions Corp.

     71,480        1,929,640  

NSD Co., Ltd.

     49,800        1,159,458  

Transcosmos, Inc.

     25,300        493,497  
     

 

 

 
Total IT Services

 

     13,510,522  
Leisure Products – 1.6%

 

Daikoku Denki Co., Ltd.(a)

     25,000      348,286  

Fields Corp.

     44,600        291,732  

Furyu Corp.

     26,600        237,678  

GLOBERIDE, Inc.

     8,400        199,290  

Heiwa Corp.

     122,900        2,456,112  

Mizuno Corp.(a)

     19,623        454,741  

Sankyo Co., Ltd.

     132,300        5,044,098  

Tomy Co., Ltd.

     56,100        578,816  
     

 

 

 
Total Leisure Products

 

     9,610,753  
Life Sciences Tools & Services – 0.1%

 

EPS Holdings, Inc.

     26,100        435,295  
Machinery – 6.1%

 

Aichi Corp.

     123,200        779,148  

Aida Engineering Ltd.

     73,300        528,467  

Alinco, Inc.

     11,900        105,792  

Anest Iwata Corp.

     47,100        413,617  

Bando Chemical Industries Ltd.

     28,693        275,044  

CKD Corp.(a)

     44,741        403,411  

DMG Mori Co., Ltd.

     108,100        1,337,028  

Ebara Corp.

     45,300        1,276,921  

Fujitec Co., Ltd.(a)

     93,161        1,031,054  

Fukushima Industries Corp.

     8,500        273,005  

Furukawa Co., Ltd.

     46,900        590,249  

Giken Ltd.

     26,300        804,314  

Glory Ltd.

     59,100        1,418,165  

Hirata Corp.(a)

     8,800        607,417  

Hitachi Zosen Corp.

     94,600        290,590  

Hokuetsu Industries Co., Ltd.

     26,918        280,403  

Hosokawa Micron Corp.

     5,800        259,123  

Japan Steel Works Ltd. (The)(a)

     28,304        521,406  

Juki Corp.

     28,900        287,212  

Kato Works Co., Ltd.

     19,000        448,543  

Kito Corp.

     15,800        238,531  

Kitz Corp.(a)

     71,189        521,609  

Kurita Water Industries Ltd.

     78,500        2,004,965  

Kyokuto Kaihatsu Kogyo Co., Ltd.

     27,480        367,691  

Makino Milling Machine Co., Ltd.(a)

     21,715        894,615  

Max Co., Ltd.

     43,800        644,228  

Meidensha Corp.

     43,600        597,562  

METAWATER Co., Ltd.

     10,600        298,794  

Mitsubishi Logisnext Co., Ltd.(a)

     43,100        469,219  

Mitsuboshi Belting Ltd.

     38,546        685,703  

Miura Co., Ltd.

     47,000        1,083,227  

Morita Holdings Corp.

     31,605        519,683  

Nachi-Fujikoshi Corp.

     16,200        651,308  

Nippon Thompson Co., Ltd.(a)

     31,900        146,697  

Nissei ASB Machine Co., Ltd.(a)

     9,600        328,283  

Nitta Corp.

     10,500        341,510  

Nitto Kohki Co., Ltd.

     30,200        595,897  

Noritake Co., Ltd.

     9,000        430,953  

NS Tool Co., Ltd.(a)

     10,100        231,592  

NTN Corp.(a)

     595,400        1,764,387  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

Obara Group, Inc.

     14,379      $ 476,117  

Oiles Corp.(a)

     25,800        411,644  

OKUMA Corp.(a)

     21,070        1,140,257  

Organo Corp.

     13,100        371,039  

OSG Corp.

     60,500        1,166,983  

Rheon Automatic Machinery Co., Ltd.(a)

     17,700        253,143  

Ryobi Ltd.

     26,200        587,982  

Shibuya Corp.

     8,600        254,072  

Shima Seiki Manufacturing Ltd.(a)

     12,700        390,116  

Shinmaywa Industries Ltd.

     65,285        811,602  

Sodick Co., Ltd.(a)

     61,900        516,183  

Star Micronics Co., Ltd.(a)

     49,834        758,642  

Tadano Ltd.(a)

     80,000        759,633  

Takeuchi Manufacturing Co., Ltd.

     25,500        448,557  

Takuma Co., Ltd.

     26,500        316,271  

Tocalo Co., Ltd.

     44,300        349,005  

Toshiba Machine Co., Ltd.(a)

     29,961        602,820  

Tsubaki Nakashima Co., Ltd.(a)

     34,900        626,519  

Tsubakimoto Chain Co.

     45,145        1,611,083  

Tsugami Corp.

     58,700        451,844  

Union Tool Co.

     8,600        227,111  

YAMABIKO Corp.

     40,200        386,074  

Yushin Precision Equipment Co., Ltd.(a)

     13,700        124,394  
     

 

 

 
Total Machinery

 

     37,788,454  
Marine – 0.6%

 

Iino Kaiun Kaisha Ltd.(a)

     80,300        270,605  

Japan Transcity Corp.

     86,700        348,570  

Mitsui OSK Lines Ltd.

     36,400        783,018  

Nippon Yusen K.K.(a)

     81,200        1,189,921  

NS United Kaiun Kaisha Ltd.(a)

     44,000        941,736  
     

 

 

 
Total Marine

 

     3,533,850  
Media – 0.9%

 

AOI TYO Holdings, Inc.

     17,500        124,113  

Asahi Broadcasting Group Holdings Corp.

     41,400        289,503  

F@N Communications, Inc.

     68,200        346,900  

Intage Holdings, Inc.

     35,800        277,835  

Kadokawa Dwango(a)

     45,300        477,618  

SKY Perfect JSAT Holdings, Inc.(a)

     455,400        1,892,614  

Tv Tokyo Holdings Corp.

     26,200        550,819  

Wowow, Inc.

     26,000        696,246  

Zenrin Co., Ltd.

     27,580        610,729  
     

 

 

 
Total Media

 

     5,266,377  
Metals & Mining – 3.6%

 

Aichi Steel Corp.

     26,500        822,401  

Asahi Holdings, Inc.(a)

     44,400        803,079  

Daido Steel Co., Ltd.(a)

     39,500        1,557,731  

Dowa Holdings Co., Ltd.(a)

     61,400        2,019,208  

Godo Steel Ltd.

     27,400        409,694  

Hakudo Co., Ltd.(a)

     17,598        247,073  

Kobe Steel Ltd.

     387,400        2,908,519  

Kurimoto Ltd.

     24,500        322,284  

Kyoei Steel Ltd.

     30,614        436,454  

Maruichi Steel Tube Ltd.

     90,300      2,631,048  

Mitsubishi Materials Corp.

     144,200        3,806,771  

Mitsui Mining & Smelting Co., Ltd.(a)

     29,400        754,091  

Nippon Light Metal Holdings Co., Ltd.

     752,900        1,652,931  

Nippon Yakin Kogyo Co., Ltd.(a)

     70,900        160,780  

OSAKA Titanium Technologies Co., Ltd.(a)

     22,500        342,526  

Sanyo Special Steel Co., Ltd.

     27,300        559,639  

Toho Titanium Co., Ltd.(a)

     38,300        328,380  

Toho Zinc Co., Ltd.(a)

     11,796        333,573  

Tokyo Rope Manufacturing Co., Ltd.

     8,100        71,424  

Tokyo Steel Manufacturing Co., Ltd.

     45,400        394,586  

Topy Industries Ltd.

     26,400        528,072  

UACJ Corp.(a)

     47,963        898,724  
     

 

 

 
Total Metals & Mining

 

     21,988,988  
Multiline Retail – 0.7%

 

Fuji Co., Ltd.

     10,200        175,921  

H2O Retailing Corp.(a)

     104,700        1,458,620  

MrMax Holdings Ltd.

     63,000        251,579  

Parco Co., Ltd.(a)

     63,000        574,875  

Seria Co., Ltd.(a)

     15,000        517,008  

Takashimaya Co., Ltd.

     82,800        1,102,653  
     

 

 

 
Total Multiline Retail

 

     4,080,656  
Oil, Gas & Consumable Fuels – 0.9%

 

BP Castrol K.K.(a)

     40,600        506,927  

Cosmo Energy Holdings Co., Ltd.(a)

     48,300        970,495  

Fuji Oil Co., Ltd.(a)

     98,600        224,486  

Itochu Enex Co., Ltd.

     146,681        1,182,088  

Iwatani Corp.(a)

     18,933        608,093  

Nippon Coke & Engineering Co., Ltd.

     437,300        395,085  

Sala Corp.

     98,800        549,856  

San-Ai Oil Co., Ltd.

     53,116        436,215  

Sinanen Holdings Co., Ltd.

     26,400        502,073  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     5,375,318  
Paper & Forest Products – 0.9%

 

Daiken Corp.

     16,500        321,100  

Daio Paper Corp.(a)

     44,278        542,849  

Hokuetsu Corp.

     187,932        1,098,541  

Nippon Paper Industries Co., Ltd.(a)

     167,800        3,465,608  
     

 

 

 
Total Paper & Forest Products

 

     5,428,098  
Personal Products – 0.7%

 

Fancl Corp.

     53,600        1,384,975  

Mandom Corp.

     29,006        745,820  

Milbon Co., Ltd.

     17,400        809,595  

Noevir Holdings Co., Ltd.

     27,100        1,314,785  
     

 

 

 
Total Personal Products

 

     4,255,175  
Pharmaceuticals – 2.0%

 

Fuji Pharma Co., Ltd.(a)

     20,300        320,773  

JCR Pharmaceuticals Co., Ltd.

     8,500        500,700  

Kaken Pharmaceutical Co., Ltd.

     45,300        2,058,626  

KYORIN Holdings, Inc.

     70,485        1,376,140  

Mochida Pharmaceutical Co., Ltd.

     29,222        1,499,580  

Nichi-iko Pharmaceutical Co., Ltd.(a)

     45,100        598,155  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

Sawai Pharmaceutical Co., Ltd.

     44,424      $ 2,572,687  

Seikagaku Corp.

     37,400        405,137  

Torii Pharmaceutical Co., Ltd.

     17,700        356,127  

Towa Pharmaceutical Co., Ltd.

     25,500        671,107  

Tsumura & Co.

     44,200        1,343,750  

ZERIA Pharmaceutical Co., Ltd.(a)

     40,200        694,788  
     

 

 

 
Total Pharmaceuticals

 

     12,397,570  
Professional Services – 1.8%

 

Altech Corp.

     26,500        442,205  

BayCurrent Consulting, Inc.(a)

     5,600        175,814  

Benefit One, Inc.(a)

     59,200        1,161,697  

en-japan, Inc.(a)

     13,200        384,009  

FULLCAST Holdings Co., Ltd.

     21,900        466,947  

Funai Soken Holdings, Inc.

     26,110        628,187  

IR Japan Holdings Ltd.(a)

     11,100        182,016  

JAC Recruitment Co., Ltd.

     39,700        876,603  

Link And Motivation, Inc.(a)

     4,600        33,289  

Meitec Corp.

     36,400        1,654,172  

Nomura Co., Ltd.

     35,900        1,011,953  

Outsourcing, Inc.(a)

     30,300        373,942  

Quick Co., Ltd.

     24,600        398,721  

Tanseisha Co., Ltd.

     45,100        532,961  

TechnoPro Holdings, Inc.

     22,200        1,323,756  

Trust Tech, Inc.

     8,500        281,452  

Weathernews, Inc.

     9,200        268,058  

World Holdings Co., Ltd.

     14,100        240,637  

YAMADA Consulting Group Co., Ltd.(a)

     3,600        74,937  

Yumeshin Holdings Co., Ltd.(a)

     80,000        558,703  
     

 

 

 
Total Professional Services

 

     11,070,059  
Real Estate Management & Development – 2.0%

 

Airport Facilities Co., Ltd.(a)

     44,519        222,424  

Daibiru Corp.

     92,500        877,490  

Goldcrest Co., Ltd.

     37,900        511,565  

Heiwa Real Estate Co., Ltd.

     21,268        409,469  

Ichigo, Inc.

     262,500        898,835  

Japan Property Management Center Co., Ltd.

     2,700        19,344  

Katitas Co., Ltd.(a)

     9,000        308,578  

Keihanshin Building Co., Ltd.

     70,900        692,442  

Kenedix, Inc.

     80,400        402,418  

Nippon Commercial Development Co., Ltd.(a)

     23,000        309,617  

Nisshin Fudosan Co.

     56,600        236,760  

Open House Co., Ltd.(a)

     26,600        912,021  

Prospect Co., Ltd.

     1,513,800        246,180  

Raysum Co., Ltd.

     43,000        395,483  

SAMTY Co., Ltd.

     25,600        346,930  

Shinoken Group Co., Ltd.(a)

     27,300        184,244  

Star Mica Co., Ltd.(a)

     3,800        48,579  

Sun Frontier Fudousan Co., Ltd.(a)

     45,500        486,715  

Takara Leben Co., Ltd.(a)

     198,500        616,922  

Tateru, Inc.(a)

     17,300        41,732  

TOC Co., Ltd.

     62,000        428,513  

Tokyo Tatemono Co., Ltd.

     169,900        2,082,977  

Tosei Corp.

     61,700        557,995  

Unizo Holdings Co., Ltd.(a)

     45,100      860,154  
     

 

 

 
Total Real Estate Management & Development

 

     12,097,387  
Road & Rail – 2.1%

 

Fukuyama Transporting Co., Ltd.

     24,211        931,823  

Hitachi Transport System Ltd.

     56,900        1,688,725  

Ichinen Holdings Co., Ltd.

     23,500        244,374  

Maruzen Showa Unyu Co., Ltd.

     26,400        715,544  

Nankai Electric Railway Co., Ltd.

     45,100        1,244,798  

Nikkon Holdings Co., Ltd.

     62,060        1,468,448  

Nishi-Nippon Railroad Co., Ltd.(a)

     44,600        1,079,087  

Sakai Moving Service Co., Ltd.(a)

     9,000        570,809  

Sankyu, Inc.

     32,706        1,595,631  

Senko Group Holdings Co., Ltd.

     170,156        1,412,778  

Sotetsu Holdings, Inc.

     62,700        1,928,839  
     

 

 

 
Total Road & Rail

 

     12,880,856  
Semiconductors & Semiconductor Equipment – 1.0%

 

Ferrotec Holdings Corp.(a)

     21,600        215,834  

Japan Material Co., Ltd.

     21,100        258,496  

Lasertec Corp.

     26,300        1,098,952  

MegaChips Corp.(a)

     8,500        130,474  

Mimasu Semiconductor Industry Co., Ltd.

     18,927        252,052  

Mitsui High-Tec, Inc.(a)

     20,100        183,594  

NuFlare Technology, Inc.

     8,700        482,613  

Optorun Co., Ltd.

     13,400        258,956  

Sanken Electric Co., Ltd.

     17,100        317,327  

Shindengen Electric Manufacturing Co., Ltd.

     8,500        313,706  

Shinko Electric Industries Co., Ltd.(a)

     134,453        1,030,096  

Tokyo Seimitsu Co., Ltd.

     35,900        913,352  

Ulvac, Inc.

     19,600        566,653  

Yamaichi Electronics Co., Ltd.

     26,500        260,487  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     6,282,592  
Software – 0.6%

 

Broadleaf Co., Ltd.

     92,300        485,329  

Computer Engineering & Consulting Ltd.

     20,200        377,410  

Cresco Ltd.(a)

     11,700        351,470  

Fuji Soft, Inc.

     14,400        569,833  

Fukui Computer Holdings, Inc.

     21,900        408,381  

Infomart Corp.(a)

     33,600        409,204  

Miroku Jyoho Service Co., Ltd.

     8,600        220,740  

SRA Holdings

     21,700        483,268  

Systena Corp.

     51,300        557,100  
     

 

 

 
Total Software

 

     3,862,735  
Specialty Retail – 4.3%

 

Adastria Co., Ltd.

     69,100        1,532,642  

Alpen Co., Ltd.

     22,700        350,698  

AOKI Holdings, Inc.

     105,854        1,108,414  

Aoyama Trading Co., Ltd.(a)

     92,100        2,093,541  

Arcland Sakamoto Co., Ltd.

     21,716        294,098  

Autobacs Seven Co., Ltd.(a)

     95,400        1,585,906  

Bic Camera, Inc.

     59,000        619,930  

Chiyoda Co., Ltd.

     39,491        634,724  

DCM Holdings Co., Ltd.(a)

     169,545        1,580,796  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

EDION Corp.(a)

     106,639      $ 930,689  

Geo Holdings Corp.(a)

     44,400        616,951  

Gfoot Co., Ltd.(a)

     45,039        267,341  

IDOM, Inc.(a)

     42,260        122,941  

JINS, Inc.

     5,300        286,344  

Joshin Denki Co., Ltd.(a)

     9,700        223,560  

K’s Holdings Corp.

     229,996        2,040,530  

Keiyo Co., Ltd.

     100,100        447,662  

Kohnan Shoji Co., Ltd.

     34,600        858,709  

Komeri Co., Ltd.

     42,237        1,034,508  

LIXIL VIVA Corp.

     59,400        753,468  

Nishimatsuya Chain Co., Ltd.

     49,600        416,750  

Nojima Corp.

     27,600        500,957  

PAL GROUP Holdings Co., Ltd.

     26,600        722,166  

Right On Co., Ltd.(a)

     26,500        176,451  

Sac’s Bar Holdings, Inc.

     52,300        542,444  

Sanrio Co., Ltd.(a)

     90,442        2,157,992  

Shimachu Co., Ltd.

     56,464        1,471,222  

T-Gaia Corp.

     56,200        932,224  

United Arrows Ltd.

     24,029        836,896  

VT Holdings Co., Ltd.(a)

     176,900        666,462  

Xebio Holdings Co., Ltd.

     41,600        458,151  

Yellow Hat Ltd.

     33,400        439,358  
     

 

 

 
Total Specialty Retail

 

     26,704,525  
Technology Hardware, Storage & Peripherals – 0.7%

 

Elecom Co., Ltd.

     27,100        836,125  

Maxell Holdings Ltd.(a)

     62,200        882,269  

MCJ Co., Ltd.

     79,900        583,992  

Riso Kagaku Corp.

     51,700        817,410  

Roland DG Corp.

     8,900        187,351  

Toshiba TEC Corp.

     33,200        922,347  

Wacom Co., Ltd.(a)

     56,211        236,657  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     4,466,151  
Textiles, Apparel & Luxury Goods – 1.9%

 

Asics Corp.

     169,900        2,279,455  

Baroque Japan Ltd.(a)

     79,800        622,193  

Descente Ltd.(a)

     45,553        1,193,510  

Fujibo Holdings, Inc.

     12,800        304,721  

Goldwin, Inc.(a)

     8,200        1,194,236  

Gunze Ltd.(a)

     10,783        435,957  

Japan Wool Textile Co., Ltd. (The)

     73,825        628,965  

Kurabo Industries Ltd.

     19,976        366,547  

Onward Holdings Co., Ltd.

     177,833        939,895  

Seiko Holdings Corp.(a)

     48,500        1,154,605  

Seiren Co., Ltd.(a)

     43,311        639,775  

Wacoal Holdings Corp.

     55,100        1,369,971  

Yondoshi Holdings, Inc.

     27,500        517,776  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     11,647,606  
Thrifts & Mortgage Finance – 0.0%

 

Aruhi Corp.(a)

     11,300        224,908  
Trading Companies & Distributors – 2.4%

 

Advan Co., Ltd.

     80,900        744,790  

Alconix Corp.(a)

     22,100        228,218  

Daiichi Jitsugyo Co., Ltd.

     8,600      248,245  

Gecoss Corp.

     78,800        736,848  

Hanwa Co., Ltd.(a)

     43,222        1,204,679  

Inaba Denki Sangyo Co., Ltd.

     26,994        1,045,031  

Inabata & Co., Ltd.

     48,541        660,019  

Japan Pulp & Paper Co., Ltd.

     15,257        572,043  

Kamei Corp.

     27,800        295,870  

Kanamoto Co., Ltd.

     18,028        446,282  

Kanematsu Corp.

     97,700        1,116,597  

Nagase & Co., Ltd.

     85,904        1,233,243  

Nippon Steel & Sumikin Bussan Corp.

     38,700        1,573,384  

Nishio Rent All Co., Ltd.

     11,800        340,082  

Onoken Co., Ltd.

     27,300        382,794  

Sanyo Trading Co., Ltd.(a)

     15,900        268,771  

Sato Shoji Corp.

     43,000        351,583  

Seika Corp.

     9,700        118,834  

Shinsho Corp.

     14,200        331,250  

Trusco Nakayama Corp.

     26,800        742,124  

Wakita & Co., Ltd.

     36,800        367,385  

Yamazen Corp.

     79,906        842,484  

Yuasa Trading Co., Ltd.

     32,200        907,657  
     

 

 

 
Total Trading Companies & Distributors

 

     14,758,213  
Transportation Infrastructure – 0.5%

 

Kamigumi Co., Ltd.

     80,500        1,864,770  

Mitsubishi Logistics Corp.(a)

     27,500        767,719  

Nissin Corp.

     22,700        380,025  
     

 

 

 
Total Transportation Infrastructure               3,012,514  

TOTAL COMMON STOCKS

(Cost: $677,242,439)

              608,161,248  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      

WisdomTree Japan Hedged Equity Fund(b)

     
(Cost: $34,221)      678        34,314  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5%

 

United States – 4.5%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 2.46%(c)

 

  
(Cost: $28,042,256)(d)      28,042,256        28,042,256  

TOTAL INVESTMENTS IN SECURITIES – 103.2%

(Cost: $705,318,916)

 

 

     636,237,818  

Other Assets less Liabilities – (3.2)%

        (19,944,286
     

 

 

 
NET ASSETS – 100.0%             $ 616,293,532  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $114,242,751. The total market value of the collateral held by the Fund was $120,790,180. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $92,747,924.

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2019

 

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

    4/2/2019       369,986       USD       41,000,000       JPY     $     $ (435

 

CURRENCY LEGEND
JPY   Japanese yen
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Table of Contents

Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2019

 

 

 

      WisdomTree
Europe Quality
Dividend
Growth Fund
     WisdomTree
Europe
SmallCap
Dividend Fund
     WisdomTree
International
Dividend
ex-Financials Fund
     WisdomTree
International
Equity Fund
     WisdomTree
International
High Dividend
Fund
 

ASSETS:

              

Investments, at cost

   $ 43,330,771      $ 808,313,460      $ 197,828,107      $ 815,438,310      $ 270,813,802  

Investment in affiliates, at cost (Note 3)

            3,109,614               19,711        35,934  

Foreign currency, at cost

            10,415        7,500        463,098        26,137  

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

     42,066,045        709,904,670        183,806,318        855,504,588        258,739,722  

Investment in affiliates, at value (Note 3)

            3,133,558               19,842        38,107  

Cash

     8,787        17,813        16,272        57,783        20,409  

Foreign currency, at value

            9,658        7,490        462,960        26,160  

Unrealized appreciation on foreign currency contracts

            3,786                      144  

Receivables:

              

Investment securities sold3

     21,486        8,768,025                      71,690  

Dividends

     65,168        2,296,320        1,202,850        4,769,109        1,597,796  

Securities lending income

     3,580        178,109        8,030        28,710        12,906  

Foreign tax reclaims

     179,770        1,226,936        407,076        1,630,897        662,587  

Total Assets

     42,344,836        725,538,875        185,448,036        862,473,889        261,169,521  

LIABILITIES:

              

Foreign currency due to custodian, at value

     12,293                              

Unrealized depreciation on foreign currency contracts

            1,242        190               46  

Payables:

              

Cash collateral received for securities loaned (Note 2)

     969,973        49,222,738        6,169,610        24,868,219        9,191,247  

Investment securities purchased

            8,578,229                       

Advisory fees (Note 3)

     20,771        332,042        88,608        342,375        125,103  

Service fees (Note 2)

     158        2,536        675        3,145        950  

Total Liabilities

     1,003,195        58,136,787        6,259,083        25,213,739        9,317,346  

NET ASSETS

   $ 41,341,641      $ 667,402,088      $ 179,188,953      $ 837,260,150      $ 251,852,175  

NET ASSETS:

              

Paid-in capital

   $ 48,313,743      $ 911,776,864      $ 217,751,649      $ 851,197,363      $ 298,966,627  

Total distributable earnings (loss)

     (6,972,102      (244,374,776      (38,562,696      (13,937,213      (47,114,452

NET ASSETS

   $ 41,341,641      $ 667,402,088      $ 179,188,953      $ 837,260,150      $ 251,852,175  

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

     1,650,000        11,400,000        4,350,000        16,550,000        6,250,000  

Net asset value per share

   $ 25.06      $ 58.54      $ 41.19      $ 50.59      $ 40.30  

1 Includes market value of securities out on loan of:

   $ 1,039,858      $ 59,533,467      $ 9,092,582      $ 34,526,658      $ 11,106,908  

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

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

          $ 711,056                       

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2019

 

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
Multifactor
Fund
     WisdomTree
International
Quality
Dividend
Growth Fund
     WisdomTree
International
SmallCap
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 390,425,414      $ 274,367,926      $ 18,931,952      $ 73,727,527      $ 1,644,713,946  

Investment in affiliates, at cost (Note 3)

     3,574                             13,715,012  

Foreign currency, at cost

     47,118        517,706        11,427        20,609        633,271  

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

     395,139,115        287,190,145        19,681,648        72,072,711        1,730,225,334  

Investment in affiliates, at value (Note 3)

     3,850                             13,198,647  

Cash

     152,747        114,654        2,102        67,122         

Deposits at broker

                                 432  

Foreign currency, at value

     47,012        517,854        11,413        20,614        632,497  

Unrealized appreciation on foreign currency contracts

                   46,957        83         

Receivables:

              

Investment securities sold3

     2,264,190        423,323                      53,327  

Dividends

     2,332,874        1,284,835        102,657        273,247        10,163,970  

Securities lending income

     7,739        16,887               3,257        200,170  

Interest

                                 2,856  

Foreign tax reclaims

     1,017,000        194,372        4,238        56,467        1,088,402  

Total Assets

     400,964,527        289,742,070        19,849,015        72,493,501        1,755,565,635  

LIABILITIES:

              

Due to custodian

                                 1,089,125  

Unrealized depreciation on foreign currency contracts

     153               65,399                

Payables:

              

Cash collateral received for securities loaned (Note 2)

     8,974,430        9,936,957               851,521        80,551,752  

Investment securities purchased

            747,362               77,885         

Capital shares redeemed

     2,318,502                              

Advisory fees (Note 3)

     159,939        133,112        5,416        22,742        823,525  

Service fees (Note 2)

     1,467        1,012        73        263        6,298  

Total Liabilities

     11,454,491        10,818,443        70,888        952,411        82,470,700  

NET ASSETS

   $ 389,510,036      $ 278,923,627      $ 19,778,127      $ 71,541,090      $ 1,673,094,935  

NET ASSETS:

              

Paid-in capital

   $ 425,495,699      $ 276,368,781      $ 19,077,225      $ 75,329,449      $ 1,644,361,186  

Total distributable earnings (loss)

     (35,985,663      2,554,846        700,902        (3,788,359      28,733,749  

NET ASSETS

   $ 389,510,036      $ 278,923,627      $ 19,778,127      $ 71,541,090      $ 1,673,094,935  

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

     8,400,000        4,500,000        800,004        2,500,000        25,450,000  

Net asset value per share

   $ 46.37      $ 61.98      $ 24.72      $ 28.62      $ 65.74  

1 Includes market value of securities out on loan of:

   $ 10,472,949      $ 17,241,120             $ 1,132,980      $ 197,556,350  

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

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

          $ 380,435                       

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2019

 

 

 

      WisdomTree
Japan SmallCap
Dividend Fund
 

ASSETS:

  

Investments, at cost

   $ 705,284,695  

Investment in affiliates, at cost (Note 3)

     34,221  

Foreign currency, at cost

     1,010,245  

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

     636,203,504  

Investment in affiliates, at value (Note 3)

     34,314  

Cash

     936  

Foreign currency, at value

     1,009,520  

Receivables:

  

Dividends

     7,268,510  

Securities lending income

     56,404  

Foreign tax reclaims

     108,501  

Total Assets

     644,681,689  

LIABILITIES:

  

Unrealized depreciation on foreign currency contracts

     435  

Payables:

  

Cash collateral received for securities loaned (Note 2)

     28,042,256  

Advisory fees (Note 3)

     342,864  

Service fees (Note 2)

     2,602  

Total Liabilities

     28,388,157  

NET ASSETS

   $ 616,293,532  

NET ASSETS:

 

Paid-in capital

   $ 749,187,649  

Total distributable earnings (loss)

     (132,894,117

NET ASSETS

   $ 616,293,532  

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

     9,050,000  

Net asset value per share

   $ 68.10  

1 Includes market value of securities out on loan of:

   $ 114,242,751  

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

  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Table of Contents

Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2019

 

 

 

      WisdomTree
Europe Quality
Dividend
Growth Fund
     WisdomTree
Europe
SmallCap
Dividend Fund
     WisdomTree
International
Dividend
ex-Financials Fund
     WisdomTree
International
Equity Fund
     WisdomTree
International
High Dividend
Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 1,800,701      $ 39,095,176      $ 8,090,266      $ 33,752,662      $ 13,817,629  

Dividends from affiliates (Note 3)

            170,603        59,420        123,854        36,864  

Non-cash dividends

     8,379        1,713,232        497,985        1,144,746        435,916  

Securities lending income (Note 2)

     29,515        2,318,370        115,593        443,596        197,970  

Total investment income

     1,838,595        43,297,381        8,763,264        35,464,858        14,488,379  

EXPENSES:

              

Advisory fees (Note 3)

     355,616        5,403,106        1,068,282        4,177,781        1,713,782  

Service fees (Note 2)

     2,698        40,989        8,104        38,295        13,001  

Total expenses

     358,314        5,444,095        1,076,386        4,216,076        1,726,783  

Expense waivers (Note 3)

            (13,255      (1,662      (2,618      (891

Net expenses

     358,314        5,430,840        1,074,724        4,213,458        1,725,892  

Net investment income

     1,480,281        37,866,541        7,688,540        31,251,400        12,762,487  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions2

     (3,748,837      (25,026,478      (1,125,648      (19,688,951      (4,068,518

Investment transactions in affiliates (Note 3)

            (583,640      (170,993      (391,101      (55,716

In-kind redemptions

     2,189,093        59,773,255        1,064,128        23,880,385        6,864,207  

Foreign currency contracts

     1,884        (11,038      8,527        63,145        43,669  

Foreign currency related transactions

     (22,485      (370,685      (112,838      (313,861      (115,255

Net realized gain (loss)

     (1,580,345      33,781,414        (336,824      3,549,617        2,668,387  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     (3,637,173      (207,691,904      (8,107,679      (68,911,847      (25,465,847

Investment transactions in affiliates (Note 3)

            57,716        (12,253      128        4,634  

Foreign currency contracts

            (5,182      341               98  

Translation of assets and liabilities denominated in foreign currencies

     (6,221      (82,700      (22,428      (74,276      (34,286

Net decrease in unrealized appreciation/depreciation

     (3,643,394      (207,722,070      (8,142,019      (68,985,995      (25,495,401

Net realized and unrealized loss on investments

     (5,223,739      (173,940,656      (8,478,843      (65,436,378      (22,827,014

NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ (3,743,458    $ (136,074,115    $ (790,303    $ (34,184,978    $ (10,064,527

1 Net of foreign withholding tax of:

   $ 219,783      $ 4,853,033      $ 738,236      $ 3,207,951      $ 1,290,566  

2 Net of foreign capital gains tax withholding of:

                        $ 1,452      $ 645  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Table of Contents

Statements of Operations (continued)

WisdomTree Trust

For the Year or Period Ended March 31, 2019

 

 

 

 

      WisdomTree
International
LargeCap
Dividend Fund
     WisdomTree
International
MidCap
Dividend Fund
     WisdomTree
International
Multifactor
Fund1
     WisdomTree
International
Quality
Dividend
Growth Fund
     WisdomTree
International
SmallCap
Dividend Fund
 

INVESTMENT INCOME:

              

Dividends2

   $ 16,809,772      $ 9,625,144      $ 182,835      $ 1,399,960      $ 62,606,848  

Dividends from affiliates (Note 3)

     111,388        31,998                      668,971  

Interest

                                 3,830  

Non-cash dividends

     622,822        282,919        860        4,566        974,172  

Securities lending income (Note 2)

     165,708        179,901               36,420        2,424,343  

Total investment income

     17,709,690        10,119,962        183,695        1,440,946        66,678,164  

EXPENSES:

              

Advisory fees (Note 3)

     1,972,934        1,583,525        17,495        283,897        10,350,505  

Service fees (Note 2)

     18,085        12,013        203        2,602        78,521  

Total expenses

     1,991,019        1,595,538        17,698        286,499        10,429,026  

Expense waivers (Note 3)

     (3,848      (897             (59,145      (46,259

Net expenses

     1,987,171        1,594,641        17,698        227,354        10,382,767  

Net investment income

     15,722,519        8,525,321        165,997        1,213,592        56,295,397  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions3

     (4,151,878      (9,790,676      (253,538      (2,059,006      (21,788,571

Investment transactions in affiliates (Note 3)

     (464,811      (163,934                    (2,307,513

In-kind redemptions

     11,301,585        12,102,804        284,469        1,012,216        68,045,751  

Futures contracts

                                 342,345  

Foreign currency contracts

     42,200        58,369        113,565        (20,081      225,498  

Foreign currency related transactions

     (122,610      (169,061      2,162        13,899        (984,829

Net realized gain (loss)

     6,604,486        2,037,502        146,658        (1,052,972      43,532,681  

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     (32,779,493      (29,408,642      749,696        (3,673,522      (299,302,776

Investment transactions in affiliates (Note 3)

     (17,568      2,727                      (686,979

Foreign currency contracts

     (560      1        (18,442      61         

Translation of assets and liabilities denominated in foreign currencies

     (50,832      (11,252      (143      (2,480      (69,994

Net increase (decrease) in unrealized appreciation/depreciation

     (32,848,453      (29,417,166      731,111        (3,675,941      (300,059,749

Net realized and unrealized gain (loss) on investments

     (26,243,967      (27,379,664      877,769        (4,728,913      (256,527,068

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ (10,521,448    $ (18,854,343    $ 1,043,766      $ (3,515,321    $ (200,231,671

1 For the period August 10, 2018 (commencement of operations) through March 31, 2019.

  

  

 

 

    

 

 

 

2 Net of foreign withholding tax of:

   $ 1,604,802      $ 919,044      $ 15,376      $ 114,709      $ 6,258,905  

3 Net of foreign capital gains tax withholding of:

                               $ 4,845  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Table of Contents

Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2019

 

 

 

 

      WisdomTree
Japan SmallCap
Dividend Fund
 

INVESTMENT INCOME:

  

Dividends1

   $ 18,055,749  

Dividends from affiliates (Note 3)

     121,427  

Securities lending income (Note 2)

     562,347  

Total investment income

     18,739,523  

EXPENSES:

  

Advisory fees (Note 3)

     5,632,155  

Service fees (Note 2)

     42,727  

Total expenses

     5,674,882  

Expense waivers (Note 3)

     (11,906

Net expenses

     5,662,976  

Net investment income

     13,076,547  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

  

Net realized gain (loss) from:

  

Investment transactions

     (47,365,746

Investment transactions in affiliates (Note 3)

     (648,086

In-kind redemptions

     86,952,463  

Foreign currency contracts

     (365,539

Foreign currency related transactions

     (59,366

Net realized gain

     38,513,726  

Net increase (decrease) in unrealized appreciation/depreciation:

  

Investment transactions

     (220,464,139

Investment transactions in affiliates (Note 3)

     (21,209

Foreign currency contracts

     (435

Translation of assets and liabilities denominated in foreign currencies

     (10,324

Net decrease in unrealized appreciation/depreciation

     (220,496,107

Net realized and unrealized loss on investments

     (181,982,381

NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ (168,905,834

1 Net of foreign withholding tax of:

   $ 2,029,271  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

    

WisdomTree Europe Quality

Dividend Growth Fund

   

WisdomTree Europe SmallCap

Dividend Fund

   

WisdomTree International Dividend

ex-Financials Fund

 
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 1,480,281     $ 846,281     $ 37,866,541     $ 29,429,572     $ 7,688,540     $ 7,666,413  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (1,580,345     316,357       33,781,414       25,703,372       (336,824     (4,272,491

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (3,643,394     1,717,072       (207,722,070     118,883,460       (8,142,019     21,490,838  

Net increase (decrease) in net assets resulting from operations

    (3,743,458     2,879,710       (136,074,115     174,016,404       (790,303     24,884,760  

DISTRIBUTIONS TO SHAREHOLDERS1:

           

Distributable earnings

    (1,768,215     (538,884     (42,589,672     (28,824,886     (7,765,680     (7,674,532

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    14,416,259       56,267,441       81,706,516       379,132,162       7,858,668       2,282,900  

Cost of shares redeemed

    (39,726,421     (3,821,291     (459,722,935     (75,240,524     (18,759,740     (21,414,941

Net increase (decrease) in net assets resulting from capital share transactions

    (25,310,162     52,446,150       (378,016,419     303,891,638       (10,901,072     (19,132,041

Net Increase (Decrease) in Net Assets

    (30,821,835     54,786,976       (556,680,206     449,083,156       (19,457,055     (1,921,813

NET ASSETS:

           

Beginning of year

  $ 72,163,476     $ 17,376,500     $ 1,224,082,294     $ 774,999,138     $ 198,646,008     $ 200,567,821  

End of year2

  $ 41,341,641     $ 72,163,476     $ 667,402,088     $ 1,224,082,294     $ 179,188,953     $ 198,646,008  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    2,750,000       750,000       17,600,000       13,100,000       4,600,000       5,050,000  

Shares created

    550,000       2,150,000       1,200,000       5,650,000       200,000       50,000  

Shares redeemed

    (1,650,000     (150,000     (7,400,000     (1,150,000     (450,000     (500,000

Shares outstanding, end of year

    1,650,000       2,750,000       11,400,000       17,600,000       4,350,000       4,600,000  

1 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current year presentation which conforms to the "Disclosure Update and Simplification" amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

2 The "Disclosure Update and Simplification" amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributednet investment income included in the net assets

    $ 334,887       $ 3,856,593       $ 703,745  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree International
Equity Fund
   

WisdomTree International High

Dividend Fund

   

WisdomTree International LargeCap

Dividend Fund

 
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 31,251,400     $ 26,119,630     $ 12,762,487     $ 12,094,014     $ 15,722,519     $ 13,384,433  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    3,549,617       (2,257,820     2,668,387       (4,437,300     6,604,486       (6,510,413

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (68,985,995     73,280,262       (25,495,401     23,164,345       (32,848,453     37,272,146  

Net increase (decrease) in net assets resulting from operations

    (34,184,978     97,142,072       (10,064,527     30,821,059       (10,521,448     44,146,166  

DISTRIBUTIONS TO SHAREHOLDERS1:

           

Distributable earnings

    (32,159,951     (24,687,701     (13,212,551     (11,744,233     (16,024,315     (12,934,443

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    69,968,919       147,167,975             65,710,900       18,707,671       52,574,727  

Cost of shares redeemed

    (81,357,277     (8,577,112     (60,050,662           (45,511,991      

Net increase (decrease) in net assets resulting from capital share transactions

    (11,388,358     138,590,863       (60,050,662     65,710,900       (26,804,320     52,574,727  

Net Increase (Decrease) in Net Assets

    (77,733,287     211,045,234       (83,327,740     84,787,726       (53,350,083     83,786,450  

NET ASSETS:

           

Beginning of year

  $ 914,993,437     $ 703,948,203     $ 335,179,915     $ 250,392,189     $ 442,860,119     $ 359,073,669  

End of year2

  $ 837,260,150     $ 914,993,437     $ 251,852,175     $ 335,179,915     $ 389,510,036     $ 442,860,119  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    16,750,000       14,200,000       7,750,000       6,200,000       8,950,000       7,900,000  

Shares created

    1,350,000       2,700,000             1,550,000       400,000       1,050,000  

Shares redeemed

    (1,550,000     (150,000     (1,500,000           (950,000      

Shares outstanding, end of year

    16,550,000       16,750,000       6,250,000       7,750,000       8,400,000       8,950,000  

1 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current year presentation which conforms to the "Disclosure Update and Simplification" amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

2 The "Disclosure Update and Simplification" amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributednet investment income included in the net assets

    $ 4,021,252       $ 1,255,785       $ 1,771,819  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree International

MidCap Dividend Fund

   

WisdomTree International

Multifactor Fund

   

WisdomTree International Quality

Dividend Growth Fund

 
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the Period
August 10, 2018*
through
March 31, 2019
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

       

Net investment income

  $ 8,525,321     $ 6,564,915     $ 165,997     $ 1,213,592     $ 330,599  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    2,037,502       4,524,073       146,658       (1,052,972     68,065  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (29,417,166     21,086,588       731,111       (3,675,941     1,583,152  

Net increase (decrease) in net assets resulting from operations

    (18,854,343     32,175,576       1,043,766       (3,515,321     1,981,816  

DISTRIBUTIONS TO SHAREHOLDERS1:

         

Distributable earnings

    (8,622,448     (6,153,904     (62,055     (1,130,824     (213,547

CAPITAL SHARE TRANSACTIONS:

         

Net proceeds from sale of shares

    64,964,241       80,441,494       21,263,942       61,114,211       16,337,920  

Cost of shares redeemed

    (44,652,606           (2,467,626     (9,323,029     (2,859,234

Net increase in net assets resulting from capital share transactions

    20,311,635       80,441,494       18,796,316       51,791,182       13,478,686  

Net Increase (Decrease) in Net Assets

    (7,165,156     106,463,166       19,778,027       47,145,037       15,246,955  

NET ASSETS:

         

Beginning of period

  $ 286,088,783     $ 179,625,617     $ 100     $ 24,396,053     $ 9,149,098  

End of period2

  $ 278,923,627     $ 286,088,783     $ 19,778,127     $ 71,541,090     $ 24,396,053  

SHARES CREATED AND REDEEMED:

         

Shares outstanding, beginning of period

    4,200,000       3,000,000       4       800,000       350,004  

Shares created

    1,000,000       1,200,000       900,000       2,050,000       550,000  

Shares redeemed

    (700,000           (100,000     (350,000     (100,004

Shares outstanding, end of period

    4,500,000       4,200,000       800,004       2,500,000       800,000  

*   Commencement of operations.

    

1 Amounts for the fiscal year or period ended March 31, 2018 have been reclassified to match the current year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year or period ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed net investment income included in net assets for the current fiscal year or period ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year or period ended March 31, 2018 were as follows:

  

Undistributednet investment income included in the net assets

    $ 1,131,599         $ 136,501  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

    

WisdomTree International SmallCap

Dividend Fund

   

WisdomTree Japan SmallCap

Dividend Fund

 
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 56,295,397     $ 47,040,477     $ 13,076,547     $ 12,946,612  

Net realized gain on investments, futures contracts, foreign currency contracts and foreign currency related transactions

    43,532,681       22,288,125       38,513,726       15,099,962  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (300,059,749     204,548,417       (220,496,107     95,939,141  

Net increase (decrease) in net assets resulting from operations

    (200,231,671     273,877,019       (168,905,834     123,985,715  

DISTRIBUTIONS TO SHAREHOLDERS1:

       

Distributable earnings

    (57,938,955     (49,435,198     (16,060,084     (11,126,041

CAPITAL SHARE TRANSACTIONS:

       

Net proceeds from sale of shares

    163,769,847       431,989,018       302,236,796       586,894,213  

Cost of shares redeemed

    (172,971,405           (601,568,699     (74,466,035

Net increase (decrease) in net assets resulting from capital share transactions

    (9,201,558     431,989,018       (299,331,903     512,428,178  

Net Increase (Decrease) in Net Assets

    (267,372,184     656,430,839       (484,297,821     625,287,852  

NET ASSETS:

       

Beginning of year

  $ 1,940,467,119     $ 1,284,036,280     $ 1,100,591,353     $ 475,303,501  

End of year2

  $ 1,673,094,935     $ 1,940,467,119     $ 616,293,532     $ 1,100,591,353  

SHARES CREATED AND REDEEMED:

       

Shares outstanding, beginning of year

    25,600,000       19,700,000       13,600,000       7,150,000  

Shares created

    2,300,000       5,900,000       3,950,000       7,500,000  

Shares redeemed

    (2,450,000           (8,500,000     (1,050,000

Shares outstanding, end of year

    25,450,000       25,600,000       9,050,000       13,600,000  

1 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributednet investment income included in the net assets

    $ 5,684,304       $ 7,982,378  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Table of Contents

Financial Highlights

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe Quality
Dividend Growth Fund
   For the
Period Ended
March 31, 2019
     For the
Period 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

   $ 26.24      $ 23.17      $ 22.32      $ 23.18      $ 25.10  

Investment operations:

              

Net investment income1

     0.61        0.53        0.48        0.48        0.37  

Net realized and unrealized gain (loss)

     (1.05      2.94        0.88        (0.89      (1.96

Total from investment operations

     (0.44      3.47        1.36        (0.41      (1.59

Dividends to shareholders:

              

Net investment income

     (0.74      (0.40      (0.51      (0.45      (0.33

Net asset value, end of period

   $ 25.06      $ 26.24      $ 23.17      $ 22.32      $ 23.18  

TOTAL RETURN2

     (1.62 )%       15.03      6.24      (1.83 )%       (6.35 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 41,342      $ 72,163      $ 17,377      $ 17,854      $ 11,591  

Ratios to average net assets of:

              

Expenses

     0.58      0.58      0.58      0.58 %3       0.58 %4 

Net investment income

     2.41      2.02      2.19      2.13      1.75 %4 

Portfolio turnover rate5

     42      18      35      54      21

 

           
WisdomTree Europe SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 69.55      $ 59.16      $ 57.01      $ 55.63      $ 62.23  

Investment operations:

              

Net investment income1

     2.57        1.88        2.04        1.45        1.94  

Net realized and unrealized gain (loss)

     (10.87      10.39        2.32        1.49        (7.03

Total from investment operations

     (8.30      12.27        4.36        2.94        (5.09

Dividends to shareholders:

              

Net investment income

     (2.71      (1.88      (2.21      (1.56      (1.51

Net asset value, end of year

   $ 58.54      $ 69.55      $ 59.16      $ 57.01      $ 55.63  

TOTAL RETURN2

     (12.19 )%       20.94      7.97      5.25      (8.26 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 667,402      $ 1,224,082      $ 774,999      $ 1,125,935      $ 853,874  

Ratios to average net assets6 of:

              

Expenses, net of expense waivers

     0.58      0.58      0.58      0.58 %7       0.59 %8 

Expenses, prior to expense waivers

     0.58      0.58      0.58      0.59 %7       0.59 %8 

Net investment income

     4.06      2.76      3.68      2.59      3.40

Portfolio turnover rate5

     52      33      45      50      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 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 

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 

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%.

 

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.

 

90   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International Dividend
ex-Financials Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 43.18      $ 39.72      $ 38.41      $ 43.79      $ 49.23  

Investment operations:

              

Net investment income1

     1.74        1.58        1.48        1.64        2.00  

Net realized and unrealized gain (loss)

     (1.98      3.45        1.34        (5.41      (5.53

Total from investment operations

     (0.24      5.03        2.82        (3.77      (3.53

Dividends to shareholders:

              

Net investment income

     (1.75      (1.57      (1.51      (1.61      (1.91

Net asset value, end of year

   $ 41.19      $ 43.18      $ 39.72      $ 38.41      $ 43.79  

TOTAL RETURN2

     (0.49 )%       12.84      7.56      (8.83 )%       (7.41 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 179,189      $ 198,646      $ 200,568      $ 230,483      $ 324,083  

Ratios to average net assets3 of:

              

Expenses4

     0.58      0.58      0.58      0.58 %5       0.59 %6 

Net investment income

     4.17      3.73      3.86      3.99      4.23

Portfolio turnover rate7

     41      35      30      40      44

 

           
WisdomTree International Equity
Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 54.63      $ 49.57      $ 45.90      $ 51.67      $ 54.47  

Investment operations:

              

Net investment income1

     1.86        1.70        1.59        1.68        1.92  

Net realized and unrealized gain (loss)

     (3.98      4.98        3.68        (5.79      (2.86

Total from investment operations

     (2.12      6.68        5.27        (4.11      (0.94

Dividends to shareholders:

              

Net investment income

     (1.92      (1.62      (1.60      (1.66      (1.86

Net asset value, end of year

   $ 50.59      $ 54.63      $ 49.57      $ 45.90      $ 51.67  

TOTAL RETURN2

     (3.89 )%       13.61      11.75      (8.15 )%       (1.83 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 837,260      $ 914,993      $ 703,948      $ 621,932      $ 645,832  

Ratios to average net assets3 of:

              

Expenses4

     0.48      0.48      0.48      0.48 %5       0.49 %6 

Net investment income

     3.59      3.15      3.41      3.47      3.63

Portfolio turnover rate7

     15      19      14      13      19
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, 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% and 0.48%, for WisdomTree International Dividend ex-Financials Fund and WisdomTree International Equity Fund, respectively.

 

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.

 

WisdomTree Trust      91  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International High
Dividend Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 43.25      $ 40.39      $ 37.59      $ 43.28      $ 47.62  

Investment operations:

              

Net investment income1

     1.78        1.66        1.63        1.65        1.94  

Net realized and unrealized gain (loss)

     (2.89      2.79        2.79        (5.70      (4.41

Total from investment operations

     (1.11      4.45        4.42        (4.05      (2.47

Dividends to shareholders:

              

Net investment income

     (1.84      (1.59      (1.62      (1.64      (1.87

Net asset value, end of year

   $ 40.30      $ 43.25      $ 40.39      $ 37.59      $ 43.28  

TOTAL RETURN2

     (2.53 )%       11.12      12.09      (9.60 )%       (5.41 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 251,852      $ 335,180      $ 250,392      $ 257,467      $ 337,620  

Ratios to average net assets3 of:

              

Expenses4

     0.58      0.58      0.58      0.58 %5       0.59 %6 

Net investment income

     4.32      3.83      4.28      4.09      4.24

Portfolio turnover rate7

     24      26      29      21      20

 

           
WisdomTree International
LargeCap Dividend Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 49.48      $ 45.45      $ 42.14      $ 48.67      $ 51.68  

Investment operations:

              

Net investment income1

     1.81        1.62        1.54        1.59        1.88  

Net realized and unrealized gain (loss)

     (3.09      3.97        3.32        (6.58      (3.09

Total from investment operations

     (1.28      5.59        4.86        (4.99      (1.21

Dividends to shareholders:

              

Net investment income

     (1.83      (1.56      (1.55      (1.54      (1.80

Net asset value, end of year

   $ 46.37      $ 49.48      $ 45.45      $ 42.14      $ 48.67  

TOTAL RETURN2

     (2.55 )%       12.41      11.79      (10.49 )%       (2.47 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 389,510      $ 442,860      $ 359,074      $ 366,613      $ 355,273  

Ratios to average net assets3 of:

              

Expenses4

     0.48      0.48      0.48      0.48 %5       0.49 %6 

Net investment income

     3.83      3.30      3.59      3.51      3.72

Portfolio turnover rate7

     14      16      15      19      12
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. For the periods in which the investment advisor waived advisory fees, 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% and 0.48%, for WisdomTree International High Dividend Fund and WisdomTree International LargeCap Dividend Fund, respectively.

 

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.

 

92   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International MidCap
Dividend Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 68.12      $ 59.88      $ 55.82      $ 58.65      $ 60.03  

Investment operations:

              

Net investment income1

     2.00        1.84        1.60        1.64        1.81  

Net realized and unrealized gain (loss)

     (6.17      8.17        4.03        (2.85      (1.45

Total from investment operations

     (4.17      10.01        5.63        (1.21      0.36  

Dividends to shareholders:

              

Net investment income

     (1.97      (1.77      (1.57      (1.62      (1.74

Net asset value, end of year

   $ 61.98      $ 68.12      $ 59.88      $ 55.82      $ 58.65  

TOTAL RETURN2

     (6.16 )%       16.87      10.34      (2.12 )%       0.57

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 278,924      $ 286,089      $ 179,626      $ 153,512      $ 155,414  

Ratios to average net assets3 of:

              

Expenses4

     0.58      0.58      0.58      0.58 %5       0.59 %6 

Net investment income

     3.12      2.76      2.87      2.91      3.09

Portfolio turnover rate7

     28      23      31      24      29

 

   
WisdomTree International Multifactor Fund    For the Period
August 10, 2018*
through
March 31, 2019
 

Net asset value, beginning of period

   $ 24.75  

Investment operations:

  

Net investment income1

     0.55  

Net realized and unrealized loss

     (0.27

Total from investment operations

     0.28  

Dividends to shareholders:

  

Net investment income

     (0.31

Net asset value, end of period

   $ 24.72  

TOTAL RETURN2

     1.18

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 19,778  

Ratios to average net assets of:

  

Expenses

     0.38 %8 

Net investment income

     3.61 %8 

Portfolio turnover rate7

     114
* 

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees for the WisdomTree International MidCap Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

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 

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 

Annualized.

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree International Quality Dividend Growth Fund    For the
Period Ended
March 31, 2019
     For the
Period Ended
March 31, 2018
     For the Period
April 7, 2016*
through
March 31, 2017
 

Net asset value, beginning of period

   $ 30.50      $ 26.14      $ 24.86  

Investment operations:

        

Net investment income1

     0.58        0.65        0.73  

Net realized and unrealized gain (loss)

     (1.95      4.12        1.02  

Total from investment operations

     (1.37      4.77        1.75  

Dividends to shareholders:

        

Net investment income

     (0.51      (0.41      (0.47

Net asset value, end of period

   $ 28.62      $ 30.50      $ 26.14  

TOTAL RETURN2

     (4.43 )%       18.33      7.12

RATIOS/SUPPLEMENTAL DATA:

        

Net assets, end of period (000’s omitted)

   $ 71,541      $ 24,396      $ 9,149  

Ratios to average net assets of:

        

Expenses, net of expense waivers

     0.38      0.38      0.38 %3 

Expenses, prior to expense waivers

     0.48      0.48      0.48 %3 

Net investment income

     2.05      2.18      2.97 %3 

Portfolio turnover rate4

     55      39      38

 

           
WisdomTree International
SmallCap Dividend Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 75.80      $ 65.18      $ 58.98      $ 59.21      $ 64.84  

Investment operations:

              

Net investment income1

     2.19        2.07        1.97        1.64        1.91  

Net realized and unrealized gain (loss)

     (10.01      10.76        6.22        (0.31      (5.67

Total from investment operations

     (7.82      12.83        8.19        1.33        (3.76

Dividends to shareholders:

              

Net investment income

     (2.24      (2.21      (1.99      (1.56      (1.87

Net asset value, end of year

   $ 65.74      $ 75.80      $ 65.18      $ 58.98      $ 59.21  

TOTAL RETURN2

     (10.41 )%       19.91      14.24      2.26      (5.87 )% 

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 1,673,095      $ 1,940,467      $ 1,284,036      $ 1,099,977      $ 917,778  

Ratios to average net assets5 of:

              

Expenses6

     0.58      0.58      0.58      0.58 %7       0.59 %8 

Net investment income

     3.15      2.83      3.27      2.82      3.16

Portfolio turnover rate4

     35      28      38      48      25
* 

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.

 

94   WisdomTree Trust


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

 

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Japan SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 80.93      $ 66.48      $ 55.30      $ 54.09      $ 50.28  

Investment operations:

              

Net investment income1

     1.00        1.47        1.11        0.91        0.71  

Net realized and unrealized gain (loss)

     (12.61      14.27        11.16        1.00        3.89  

Total from investment operations

     (11.61      15.74        12.27        1.91        4.60  

Dividends to shareholders:

              

Net investment income

     (1.22      (1.29      (1.09      (0.70      (0.79

Net asset value, end of year

   $ 68.10      $ 80.93      $ 66.48      $ 55.30      $ 54.09  

TOTAL RETURN2

     (14.38 )%       23.84      22.43      3.51      9.26

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 616,294      $ 1,100,591      $ 475,304      $ 423,031      $ 286,651  

Ratios to average net assets3 of:

              

Expenses4

     0.58      0.58      0.58      0.58      0.59 %5 

Net investment income

     1.35      1.94      1.84      1.65      1.40

Portfolio turnover rate6

     42      18      33      29      36
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 0.58%.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. Short-term securities with maturities less than or equal to 365 days are excluded from the portfolio turnover calculation.

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


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, 2019, the Trust consisted of 76 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 Europe Quality Dividend Growth Fund (“Europe Quality Dividend Growth Fund’’)

     May 7, 2014  

WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International Dividend ex-Financials Fund (“International Dividend ex-Financials Fund’’)

     June 16, 2006  

WisdomTree International Equity Fund (“International Equity Fund’’)

     June 16, 2006  

WisdomTree International High Dividend Fund (“International High Dividend Fund’’)

     June 16, 2006  

WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund’’)

     June 16, 2006  

WisdomTree International Multifactor Fund (“International Multifactor Fund’’)

     August 10, 2018  

WisdomTree International Quality Dividend Growth Fund (“International Quality Dividend Growth Fund’’)

     April 7, 2016  

WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund’’)

     June 16, 2006  

Each Fund, except for the International Multifactor Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). The International Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last 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

 

96   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

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. 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).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves,

 

WisdomTree Trust      97  


Table of Contents

Notes to Financial Statements (continued)

 

prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. 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 following is a summary of the fair valuations according to the inputs used as of March 31, 2019 in valuing each Fund’s assets:

 

       
Europe Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 41,093,026      $      $  

Rights

     3,046                

Investment of Cash Collateral for Securities Loaned

            969,973         

Total

   $ 41,096,072      $ 969,973      $  
        
       
Europe SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 660,495,453      $      $  

Rights

     186,479                

Exchange-Traded Fund

     3,133,558                

Investment of Cash Collateral for Securities Loaned

            49,222,738         

Total

   $ 663,815,490      $ 49,222,738      $  

Unrealized Appreciation on Foreign Currency Contracts

            3,786         

Unrealized Depreciation on Foreign Currency Contracts

            (1,242       

Total - Net

   $ 663,815,490      $ 49,225,282      $  
        
       
International Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 177,636,708      $      $  

Investment of Cash Collateral for Securities Loaned

            6,169,610         

Total

   $ 177,636,708      $ 6,169,610      $  

Unrealized Depreciation on Foreign Currency Contracts

            (190       

Total - Net

   $ 177,636,708      $ 6,169,420      $  
        
       
International Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Japan

   $ 140,839,553      $ 564,060      $  

Other*

     689,230,913                

Rights

            1,843         

Exchange-Traded Fund

     19,842                

Investment of Cash Collateral for Securities Loaned

            24,868,219         

Total

   $ 830,090,308      $ 25,434,122      $  

 

98   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

       
International High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 249,547,683      $      $  

Rights

            792         

Exchange-Traded Fund

     38,107                

Investment of Cash Collateral for Securities Loaned

            9,191,247         

Total

   $ 249,585,790      $ 9,192,039      $  

Unrealized Appreciation on Foreign Currency Contracts

            144         

Unrealized Depreciation on Foreign Currency Contracts

            (46       

Total - Net

   $ 249,585,790      $ 9,192,137      $  
        
       
International LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 386,164,685      $      $  

Exchange-Traded Fund

     3,850                

Investment of Cash Collateral for Securities Loaned

            8,974,430         

Total

   $ 386,168,535      $ 8,974,430      $  

Unrealized Depreciation on Foreign Currency Contracts

            (153       

Total - Net

   $ 386,168,535      $ 8,974,277      $  
        
       
International MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Japan

   $ 62,303,963      $ 333,619      $  

Other*

     214,615,606                

Investment of Cash Collateral for Securities Loaned

            9,936,957         

Total

   $ 276,919,569      $ 10,270,576      $  
        
       
International Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 19,681,648      $      $  

Total

   $ 19,681,648      $      $  

Unrealized Appreciation on Foreign Currency Contracts

            46,957         

Unrealized Depreciation on Foreign Currency Contracts

            (65,399       

Total - Net

   $ 19,681,648      $ (18,442    $  
        
       
International Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 71,221,190      $      $  

Investment of Cash Collateral for Securities Loaned

            851,521         

Total

   $ 71,221,190      $ 851,521      $  

Unrealized Appreciation on Foreign Currency Contracts

            83         

Total - Net

   $ 71,221,190      $ 851,604      $  
        
       
International SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,649,307,944      $      $  

Rights

                          

Singapore

            24,161         

Sweden

     228,937                

Exchange-Traded Funds

     13,198,647                

Foreign Corporate Bond

            112,540         

Investment of Cash Collateral for Securities Loaned

            80,551,752         

Total

   $ 1,662,735,528      $ 80,688,453      $  

 

WisdomTree Trust      99  


Table of Contents

Notes to Financial Statements (continued)

 

       
Japan SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Electronic Equipment, Instruments & Components

   $ 33,268,995      $ 390,222      $  

Other*

     574,502,031                

Exchange-Traded Fund

     34,314                

Investment of Cash Collateral for Securities Loaned

            28,042,256         

Total

   $ 607,805,340      $ 28,432,478      $  

Unrealized Depreciation on Foreign Currency Contracts

            (435       

Total - Net

   $ 607,805,340      $ 28,432,043      $  
  *

Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

During the fiscal year or period ended March 31, 2019, 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 or period ended March 31, 2019 and open positions in such derivatives as of March 31, 2019 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, 2019 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 page 105. At March 31, 2019, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2019, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.

As of March 31, 2019, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

     
     Asset Derivatives      Liability Derivatives  
Fund    Balance Sheet Location    Value      Balance Sheet Location    Value  

Europe SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 3,786      Unrealized depreciation on foreign currency contracts    $ 1,242  

International Dividend ex-Financials Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     190  

International High Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     144      Unrealized depreciation on
foreign currency contracts
     46  

International LargeCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     153  

International Multifactor Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     46,957      Unrealized depreciation on
foreign currency contracts
     65,399  

International Quality Dividend Growth Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     83      Unrealized depreciation on
foreign currency contracts
      

Japan SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     435  

 

100   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

For the fiscal year or period ended March 31, 2019, 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  Recognized
 

Europe Quality Dividend Growth Fund

     

Foreign exchange contracts

   $ 1,884      $  

Europe SmallCap Dividend Fund

     

Foreign exchange contracts

     (11,038      (5,182

International Dividend ex-Financials Fund

     

Foreign exchange contracts

     8,527        341  

International Equity Fund

     

Foreign exchange contracts

     63,145         

International High Dividend Fund

     

Foreign exchange contracts

     43,669        98  

International LargeCap Dividend Fund

     

Foreign exchange contracts

     42,200        (560

International MidCap Dividend Fund

     

Foreign exchange contracts

     58,369        1  

International Multifactor Fund3

     

Foreign exchange contracts

     113,565        (18,442

International Quality Dividend Growth Fund

     

Foreign exchange contracts

     (20,081      61  

International SmallCap Dividend Fund

 

Foreign exchange contracts

     225,498         

Equity contracts

     342,345         

Japan SmallCap Dividend Fund

     

Foreign exchange contracts

     (365,539      (435
  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
  3 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

During the fiscal year or period ended March 31, 2019, the volume of derivative activity (based on the average of month-end balances, except where footnoted) for each Fund was as follows:

 

   
     Average Notional  
       
Fund    Foreign currency
contracts
(to deliver USD)
     Foreign currency
contracts
(to receive USD)
     Futures
contracts
(long)
 

Europe Quality Dividend Growth Fund

 

Foreign exchange contracts

   $ 14,464      $ 10,222      $  

Europe SmallCap Dividend Fund

        

Foreign exchange contracts

     372,098        482,360         

International Dividend ex-Financials Fund

        

Foreign exchange contracts

     5,961        76,783         

International Equity Fund

        

Foreign exchange contracts

     11,449        106,607         

International High Dividend Fund

        

Foreign exchange contracts

     61,108        83,322         

International LargeCap Dividend Fund

        

Foreign exchange contracts

            144,932         

 

WisdomTree Trust      101  


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 MidCap Dividend Fund

        

Foreign exchange contracts

   $      $ 76,380      $  

International Multifactor Fund1

        

Foreign exchange contracts

     639,788        7,314,640         

International Quality Dividend Growth Fund

        

Foreign exchange contracts

     49,500        53,581         

International SmallCap Dividend Fund

        

Equity contracts2

                   6,878,609  

Foreign exchange contracts

     341,516        161,538         

Japan SmallCap Dividend Fund

        

Foreign exchange contracts

            305,279         
  1

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

 

  2

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. 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 effective interest method (also known as the scientific amortization method). Income earned from securities lending activities (i.e. Securities lending income), net of fees payable to the securities borrower and/or securities lending agent, is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net increase (decrease) in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses from foreign currency contracts are included in net realized gain (loss) from foreign currency contracts and net increase (decrease) in unrealized appreciation/depreciation from foreign currency contracts, respectively, on the Statements of Operations. Realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency related transactions and/or 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

 

102   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

Acquired fund fees and expenses (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency forward and foreign currency futures contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the International Multifactor Fund, do not expect to engage in currency transactions for the purpose of hedging against 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, except for the International Multifactor Fund, utilized forward foreign currency contracts (‘‘Forward Contracts’’) primarily to facilitate foreign security settlements. The International Multifactor Fund utilized Forward Contracts to dynamically offset applicable international currency exposure from positions in international equities. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

Futures Contracts — The International 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 risk associated with the use of leverage and other related risks. To cover its position, a Fund will segregate assets consisting of, or take other measures with respect to, cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, will “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. This will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities.

As of March 31, 2019, there were no open futures contracts in the Funds.

 

WisdomTree Trust      103  


Table of Contents

Notes to Financial Statements (continued)

 

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or 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. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

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”), such as total return swap contracts and 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.

 

104   WisdomTree Trust


Table of Contents

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, 2019, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

 
Fund   Financial
Instruments
    Collateral
Received
    Financial
Instruments
    Collateral
Posted
 

Europe Quality Dividend Growth Fund

               

Securities Lending

  $ 1,039,858     $     $ (1,039,858 )1    $     $     $     $     $  

Europe SmallCap Dividend Fund

               

Securities Lending

    59,533,467             (59,533,467 )1                               

Foreign Currency Contracts

    3,786       (20           3,766       1,242       (20           1,222  

International Dividend ex-Financials Fund

               

Securities Lending

    9,092,582             (9,092,582 )1                                

Foreign Currency Contracts

                            190                   190  

International Equity Fund

               

Securities Lending

    34,526,658             (34,526,658 )1                               

International High Dividend Fund

               

Securities Lending

    11,106,908             (11,106,908 )1                               

Foreign Currency Contracts

    144                   144       46                   46  

International LargeCap Dividend Fund

               

Securities Lending

    10,472,949             (10,472,949 )1                                      —  

Foreign Currency Contracts

                            153                   153  

International MidCap Dividend Fund

               

Securities Lending

    17,241,120             (17,241,120 )1                                

International Multifactor Fund

               

Foreign Currency Contracts

    46,957       (34,989           11,968       65,399       (34,989           30,410  

International Quality Dividend Growth Fund

               

Securities Lending

    1,132,980             (1,132,980 )1                                

Foreign Currency Contracts

    83                   83                          

International SmallCap Dividend Fund

               

Securities Lending

    197,556,350             (197,556,350 )1                               

Japan SmallCap Dividend Fund

 

             

Securities Lending

    114,242,751             (114,242,751 )1                               

Foreign Currency Contracts

                            435                   435  
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

 

WisdomTree Trust      105  


Table of Contents

Notes to Financial Statements (continued)

 

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 Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive 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

 

Europe Quality Dividend Growth Fund

     0.58              

Europe SmallCap Dividend Fund

     0.58              

International Dividend ex-Financials Fund

     0.58              

International Equity Fund

     0.48              

International High Dividend Fund

     0.58              

International LargeCap Dividend Fund

     0.48              

International MidCap Dividend Fund

     0.58              

International Multifactor Fund

     0.38              

International Quality Dividend Growth Fund

     0.48      (0.10 )%       July 31, 2019  

International SmallCap Dividend 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, 2019 are as follows:

 

Fund   Value at
3/31/2018
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2019
    Dividend
Income
 

Europe SmallCap Dividend Fund

             

International MidCap Dividend Fund

  $ 5,240,125     $ 25,978,128     $ 27,558,771     $ (583,640   $ 57,716     $ 3,133,558     $ 170,603  

International Dividend ex-Financials Fund

             

International LargeCap Dividend Fund

  $ 130,035     $ 4,896,635     $ 4,843,424     $ (170,993   $ (12,253   $     $ 59,420  

 

106   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

Fund   Value at
3/31/2018
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2019
    Dividend
Income
 

International Equity Fund

             

International Dividend ex-Financials Fund

  $ 174     $ 11,022,019     $ 10,611,378     $ (391,101   $ 128     $ 19,842     $ 123,854  

International High Dividend Fund

             

International LargeCap Dividend Fund

  $ 267,690     $ 5,488,279     $ 5,666,780     $ (55,716   $ 4,634     $ 38,107     $ 36,864  

International LargeCap Dividend Fund

             

International MidCap Dividend Fund

  $ 759,963     $ 9,859,270     $ 10,133,004     $ (464,811   $ (17,568   $ 3,850     $ 111,388  

International MidCap Dividend Fund

             

Australia Dividend Fund

  $ 42,653     $ 1,472,903     $ 1,467,044     $ (50,773   $ 2,261     $     $ 8,250  

Japan Hedged Equity Fund

    43,912       1,899,267       1,830,484       (113,161     466             23,748  

Total

  $ 86,565     $ 3,372,170     $ 3,297,528     $ (163,934   $ 2,727     $     $ 31,998  

International SmallCap Dividend Fund

             

Europe SmallCap Dividend Fund

  $ 3,899,580     $ 28,219,661     $ 23,151,555     $ (1,447,466   $ (242,424   $ 7,277,796     $ 511,193  

Japan SmallCap Dividend Fund

    3,220,099       23,208,578       19,203,224       (860,047     (444,555     5,920,851       157,778  

Total

  $ 7,119,679     $ 51,428,239     $ 42,354,779     $ (2,307,513   $ (686,979   $ 13,198,647     $ 668,971  

Japan SmallCap Dividend Fund

             

Japan Hedged Equity Fund

  $ 244,988     $ 57,656,296     $ 57,197,675     $ (648,086   $ (21,209   $ 34,314     $ 121,427  

During the fiscal year ended March 31, 2019, 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, 2019, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/(Loss)
 

Europe Quality Dividend Growth Fund

   $ 9,625,343      $ 6,026,315      $ (793,885

Europe SmallCap Dividend Fund

     31,510,689        36,626,881        (6,152,539

International Dividend ex-Financials Fund

     13,877,676        5,771,492        (818,512

International Equity Fund

     19,610,096        14,525,642        (1,539,871

International High Dividend Fund

     8,417,668        10,417,272        446,180  

International LargeCap Dividend Fund

     8,293,269        8,297,266        (271,091

International MidCap Dividend Fund

     17,691,021        17,363,998        (2,828,445

International Quality Dividend Growth Fund

     8,339,962        6,172,083        (81,982

International SmallCap Dividend Fund

     63,918,420        69,647,996        (9,894,775

Japan SmallCap Dividend Fund

     31,403,928        32,485,611        (4,111,933

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2019, 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 and
Distributions paid to
WTAM on
Fund Shares
held by WTAM
 

International Equity Fund

     125      $ 6,329      $ 247  

International High Dividend Fund*

                   94  

International Multifactor Fund

     428        10,634        88  

International Quality Dividend Growth Fund

     169        4,857        165  

International SmallCap Dividend Fund

     307        20,204        631  

Japan SmallCap Dividend Fund

     78        5,320        63  
  *

No shares were held in this Fund by WTAM at the end of the period.

At March 31, 2019, approximately 26% of the International Quality Dividend Growth Fund’s outstanding shares were held by an affiliated fund.

 

WisdomTree Trust      107  


Table of Contents

Notes to Financial Statements (continued)

 

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2019, 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 or period ended March 31, 2019 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
   
Fund    Purchases      Sales      Purchases      Sales  

Europe Quality Dividend Growth Fund

   $ 25,554,748      $ 25,775,588      $ 14,219,969      $ 39,496,745  

Europe SmallCap Dividend Fund

     560,322,214        481,892,715        6,928,689        457,231,294  

International Dividend ex-Financials Fund

     74,217,467        75,054,524        7,870,567        18,755,090  

International Equity Fund

     134,087,232        133,535,859        65,930,459        80,166,387  

International High Dividend Fund

     69,231,312        70,573,318               59,812,303  

International LargeCap Dividend Fund

     57,093,933        59,087,913        18,245,757        44,285,617  

International MidCap Dividend Fund

     76,660,607        76,229,088        64,069,837        44,035,230  

International Multifactor Fund1

     10,467,831        10,335,284        21,236,754        2,468,587  

International Quality Dividend Growth Fund

     33,319,374        31,968,409        59,671,014        9,172,200  

International SmallCap Dividend Fund

     719,598,852        620,606,138        74,377,168        171,546,169  

Japan SmallCap Dividend Fund

     475,266,637        401,918,849        227,381,485        599,655,006  
  1

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

6. FEDERAL INCOME TAXES

At March 31, 2019, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
    Total Net
Unrealized
Appreciation/
(Depreciation)
 

Europe Quality Dividend Growth Fund

  $ 43,480,767     $ 2,693,159     $ (4,107,881   $ (1,414,722           $     $     $     $ (1,414,722

Europe SmallCap Dividend Fund

    812,370,997       50,969,352       (150,302,122     (99,332,770             3,786       (1,242     2,544       (99,330,226

International Dividend ex-Financials Fund

    198,033,960       10,584,053       (24,811,695     (14,227,642                   (190     (190     (14,227,832

International Equity Fund

    819,937,267       104,605,111       (69,017,948     35,587,163                                 35,587,163  

International High Dividend Fund

    271,482,099       20,756,797       (33,461,067     (12,704,270             144       (46     98       (12,704,172

International LargeCap Dividend Fund

    391,359,336       41,707,182       (37,923,553     3,783,629                     (153     (153     3,783,476  

International MidCap Dividend Fund

    275,696,534       30,769,288       (19,275,677     11,493,611                                 11,493,611  

International Multifactor Fund

    18,954,685       915,819       (188,856     726,963               925       (802     123       727,086  

International Quality Dividend Growth Fund

    73,921,907       4,168,155       (6,017,351     (1,849,196             83             83       (1,849,113

International SmallCap Dividend Fund

    1,661,916,965       240,363,348       (158,856,332     81,507,016                                 81,507,016  

Japan SmallCap Dividend Fund

    705,390,506       26,443,663       (95,596,351     (69,152,688                   (435     (435     (69,153,123
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain or loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(deprecation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

 

108   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

At March 31, 2019, 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
Depreciation
    

Total Accumulated
Earnings/

(Losses)

 

Europe Quality Dividend Growth Fund

   $ 54,999      $ (5,606,912    $ (1,414,722    $ (5,467    $ (6,972,102

Europe SmallCap Dividend Fund

     1,579,232        (146,576,535      (99,330,226      (47,247      (244,374,776

International Dividend ex-Financials Fund

     543,298        (24,868,169      (14,227,832      (9,993      (38,562,696

International Equity Fund

     3,237,922        (52,713,962      35,587,163        (48,336      (13,937,213

International High Dividend Fund

     903,037        (35,293,052      (12,704,172      (20,265      (47,114,452

International LargeCap Dividend Fund

     1,481,388        (41,221,833      3,783,476        (28,694      (35,985,663

International MidCap Dividend Fund

     995,843        (9,926,138      11,493,611        (8,470      2,554,846  

International Multifactor Fund

     78,710        (104,751      727,086        (143      700,902  

International Quality Dividend Growth Fund

     229,262        (2,165,868      (1,849,113      (2,640      (3,788,359

International SmallCap Dividend Fund

     9,229,282        (61,931,486      81,507,016        (71,063      28,733,749  

Japan SmallCap Dividend Fund

     6,556,480        (70,268,784      (69,153,123      (28,690      (132,894,117

The tax character of distributions paid during the fiscal years or period ended March 31, 2019 and March 31, 2018 was as follows:

 

     
     Year Ended March 31, 2019      Year Ended March 31, 2018  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Ordinary
Income*
 

Europe Quality Dividend Growth Fund

   $ 1,768,215      $ 538,884  

Europe SmallCap Dividend Fund

     42,589,672        28,824,886  

International Dividend ex-Financials Fund

     7,765,680        7,674,532  

International Equity Fund

     32,159,951        24,687,701  

International High Dividend Fund

     13,212,551        11,744,233  

International LargeCap Dividend Fund

     16,024,315        12,934,443  

International MidCap Dividend Fund

     8,622,448        6,153,904  

International Multifactor Fund

     62,055 1        

International Quality Dividend Growth Fund

     1,130,824        213,547  

International SmallCap Dividend Fund

     57,938,955        49,435,198  

Japan SmallCap Dividend Fund

     16,060,084        11,126,041  
  *

Includes short-term capital gains if any.

 

  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

At March 31, 2019, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term
Post-Effective
No Expiration
     Long-Term
Post-Effective
No Expiration
     Capital Loss
Available Total
 

Europe Quality Dividend Growth Fund

   $ 3,614,839      $ 1,992,073      $ 5,606,912  

Europe SmallCap Dividend Fund

     91,947,759        54,628,776        146,576,535  

International Dividend ex-Financials Fund

     13,669,123        11,199,046        24,868,169  

International Equity Fund

     10,612,373        42,101,589        52,713,962  

International High Dividend Fund

     6,375,651        28,917,401        35,293,052  

International LargeCap Dividend Fund

     10,684,421        30,537,412        41,221,833  

International MidCap Dividend Fund

     4,192,032        5,734,106        9,926,138  

International Multifactor Fund

                    

International Quality Dividend Growth Fund

     1,947,644        218,224        2,165,868  

International SmallCap Dividend Fund

     61,931,486               61,931,486  

Japan SmallCap Dividend Fund

     58,574,381        11,694,403        70,268,784  

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.

 

WisdomTree Trust      109  


Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year or period ended March 31, 2019, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

     
Fund    Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital Losses
 

Europe Quality Dividend Growth Fund

   $      $  

Europe SmallCap Dividend Fund

             

International Dividend ex-Financials Fund

             

International Equity Fund

             

International High Dividend Fund

             

International LargeCap Dividend Fund

             

International MidCap Dividend Fund

             

International Multifactor Fund1

     148,507        (43,756

International Quality Dividend Growth Fund

             

International SmallCap Dividend Fund

             

Japan SmallCap Dividend Fund

             
  1

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

During the fiscal year or period ended March 31, 2019, the amount of capital loss carryforwards that expired unused are shown in the following table:

 

   
Fund    Expired Capital
Loss
Carryforward
 

Europe Quality Dividend Growth Fund

   $  

Europe SmallCap Dividend Fund

     2,102,724  

International Dividend ex-Financials Fund

      

International Equity Fund

     8,855,174  

International High Dividend Fund

     7,637,372  

International LargeCap Dividend Fund

     8,092,071  

International MidCap Dividend Fund

     11,183,904  

International Multifactor Fund1

      

International Quality Dividend Growth Fund

      

International SmallCap Dividend Fund

     6,365,431  

Japan SmallCap Dividend Fund

     3,661,232  
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

At March 31, 2019, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

     
Fund    Total Distributable
Earnings (Loss)
     Paid-in Capital  

Europe Quality Dividend Growth Fund

   $ (1,661,500    $ 1,661,500  

Europe SmallCap Dividend Fund

     (56,460,921      56,460,921  

International Dividend ex-Financials Fund

     (974,783      974,783  

International Equity Fund

     (14,277,146      14,277,146  

International High Dividend Fund

     923,185        (923,185

International LargeCap Dividend Fund

     (3,115,538      3,115,538  

International MidCap Dividend Fund

     (652,358      652,358  

International Multifactor Fund

     (280,809      280,809  

International Quality Dividend Growth Fund

     (994,678      994,678  

International SmallCap Dividend Fund

     (61,389,238      61,389,238  

Japan SmallCap Dividend Fund

     (82,480,581      82,480,581  

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.

 

110   WisdomTree Trust


Table of Contents

Notes to Financial Statements (concluded)

 

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign 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, 2019, 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, 2019, remains subject to examination by taxing authorities.

7. RECENT ACCOUNTING PRONOUNCEMENTS

On August 17, 2018, the SEC voted to adopt “Disclosure Update and Simplification” amendments to certain of its disclosure requirements that have become redundant, duplicative, overlapping, outdated, or superseded, in light of other SEC disclosure requirements, GAAP, or changes in the information environment. The SEC will also be referring certain SEC disclosure requirements that overlap with, but require information incremental to, GAAP to the FASB for potential incorporation into GAAP. The amendments are intended to facilitate the disclosure of information to investors and simplify compliance without significantly altering the total mix of information provided to investors. These amendments became effective on November 5, 2018 (30 days after their publication in the Federal Register). WTAM has evaluated these amendments and determined that there is no significant impact on the Trust’s financial statements. All applicable amendments have been incorporated into the Trust’s financial statements and related disclosures. The specific amendments incorporated into the Trust’s financial statements pertain to (i) the amendment requiring the presentation of the distributable earnings in total on the Statements of Assets and Liabilities, rather than showing the 3 components of distributable earnings (i.e., (1) undistributed (distributions in excess of) net investment income, (2) accumulated net realized gain (loss) on investments and (3) net unrealized appreciation (depreciation) on investments, and (ii) the amendment requiring the presentation of distributions to shareholders in total on the Statements of Changes in Net Assets, except for tax return of capital distributions, which shall continue to be disclosed separately.

On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 includes removals, additions and modifications to the disclosure requirements for fair value measurements that are intended to improve the effectiveness of disclosures in the notes to financial statements. The amendments in ASU 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. WTAM has evaluated ASU 2018-13 and has adopted the disclosure framework for the Trust’s financial statements.

8. ADDITIONAL INFORMATION

The Board of Trustees, after careful consideration, approved the liquidation of the WisdomTree Australia Dividend Fund.

The last day of secondary market trading of shares of the Fund on its respective exchange was March 14, 2019. 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. The Fund was closed to new investors after the close of business on March 14, 2019.

Beginning on or about this date, the Fund was in the process of liquidating its portfolio assets. This caused the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in its prospectus.

Shareholders that remained in the Fund 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 22, 2019 and were not charged any transaction fees by the Fund. 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.

 

WisdomTree Trust      111  


Table of Contents

Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree Europe SmallCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International Equity Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Europe Quality Dividend Growth Fund, WisdomTree International Multifactor Fund and WisdomTree International Quality Dividend Growth Fund and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Europe SmallCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International Equity Fund, WisdomTree International High Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Europe Quality Dividend Growth Fund, WisdomTree International Multifactor Fund and WisdomTree International Quality Dividend Growth Fund (collectively referred to as the “Funds”), (eleven of the funds constituting WisdomTree Trust (the “Trust”)) including the schedules of investments, as of March 31, 2019, and the related statements of operations, and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (eleven of the funds constituting WisdomTree Trust) at March 31, 2019, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust    Statement of
operations
   Statements of changes
in net assets
   Financial highlights

WisdomTree Europe SmallCap Dividend Fund

WisdomTree International Dividend ex-Financials Fund

WisdomTree International Equity Fund

WisdomTree International High Dividend Fund

WisdomTree International LargeCap Dividend Fund

WisdomTree International MidCap Dividend Fund

WisdomTree International SmallCap Dividend Fund

WisdomTree Japan SmallCap Dividend Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the five years in the period ended March 31, 2019

WisdomTree Europe Quality Dividend Growth Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the four years in the period ended March 31, 2019 and the period from May 7, 2014 (commencement of operations) through March 31, 2015

WisdomTree International Multifactor Fund

   For the year ended March 31, 2019    For the period from August 10, 2018 (commencement of operations) through March 31, 2019

WisdomTree International Quality Dividend Growth Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the two years in the period ended March 31, 2019 and the period from April 7, 2016 (commencement of operations) through March 31, 2017

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities

 

112   WisdomTree Trust


Table of Contents

Report of Independent Registered Public Accounting Firm (concluded)

 

owned as of March 31, 2019, 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 23, 2019

 

WisdomTree Trust      113  


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).     76     Trustee, Vericimetry Funds (2011 to 2014).
Joel Goldberg#†
(1945)
  Trustee, 2012-present   Attorney, Partner, Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     76     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.     76     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.     76     Associate Alumnae of Douglass College, Chair 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.     76     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

*

As of March 31, 2019.

 

^

Chair of the Audit Committee.

 

#

Chair of the Contracts Review Committee.

 

Co-Chair of the Governance, Nominating and Compliance Committee.

 

Chair of the Investment Committee.

 

114   WisdomTree Trust


Table of Contents

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.     76     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.     76     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.     76     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.     76     None
Joanne Antico**
(1975)
  Assistant Secretary, 2018-present   Assistant General Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     76     None
Clint Martin**
(1977)
  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012.     76     None

 

*

As of March 31, 2019.

 

**

Elected by and serves at the pleasure of the Board.

 

WisdomTree Trust      115  


Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2019, 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 2020.

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, 2019, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

Europe Quality Dividend Growth Fund

   $ 1,631,726  

Europe SmallCap Dividend Fund

     36,376,930  

International Dividend ex-Financials Fund

     6,891,264  

International Equity Fund

     27,222,880  

International High Dividend Fund

     10,854,636  

International LargeCap Dividend Fund

     13,548,771  

International MidCap Dividend Fund

     7,799,872  

International Multifactor Fund1

     62,055  

International Quality Dividend Growth Fund

     1,130,824  

International SmallCap Dividend Fund

     55,330,867  

Japan SmallCap Dividend Fund

     16,060,084  
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year or period ended March 31, 2019. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Europe Quality Dividend Growth Fund

   $ 1,652,229      $ 156,756  

Europe SmallCap Dividend Fund

     37,406,365        3,519,984  

International Dividend ex-Financials Fund

     7,109,502        462,607  

International Equity Fund

     29,376,122        2,046,689  

International High Dividend Fund

     11,656,398        792,960  

International LargeCap Dividend Fund

     14,485,036        1,016,160  

International MidCap Dividend Fund

     8,699,991        579,950  

International Multifactor Fund1

     198,933        14,780  

International Quality Dividend Growth Fund

     1,366,933        92,682  

International SmallCap Dividend Fund

     62,119,782        5,325,636  

Japan SmallCap Dividend Fund

     18,708,923        1,860,153  
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

 

116   WisdomTree Trust


Table of Contents

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. Beginning in April 2019, the Funds will cease filing Form N-Q and will commence filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters will contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

WisdomTree Trust      117  


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 Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2276


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

March 31, 2019

 

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 Multifactor Fund (EMMF)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

WisdomTree Global High Dividend Fund (DEW)

WisdomTree India Earnings Fund (EPI)

WisdomTree Middle East Dividend Fund (GULF)

IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker dealer or bank).

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.


Table of Contents

Table of Contents

 

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       3  

Management’s Discussion of Funds’ Performance (unaudited)

       4  

Description of Indexes (unaudited)

       17  
Schedules of Investments

 

WisdomTree Asia Pacific ex-Japan Fund

       20  

WisdomTree China ex-State-Owned Enterprises Fund

       23  

WisdomTree Emerging Markets Consumer Growth Fund

       26  

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

       29  

WisdomTree Emerging Markets High Dividend Fund

       35  

WisdomTree Emerging Markets Multifactor Fund

       41  

WisdomTree Emerging Markets Quality Dividend Growth Fund

       44  

WisdomTree Emerging Markets SmallCap Dividend Fund

       48  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund

       58  

WisdomTree Global ex-U.S. Real Estate Fund

       62  

WisdomTree Global High Dividend Fund

       65  

WisdomTree India Earnings Fund (consolidated)

       74  

WisdomTree Middle East Dividend Fund

       79  

Statements of Assets and Liabilities

       81  

Statements of Operations

       84  

Statements of Changes in Net Assets

       87  

Financial Highlights

       92  

Notes to Financial Statements

       99  

Report of Independent Registered Public Accounting Firm

       116  

Trustees and Officers Information (unaudited)

       118  

Supplemental Information (unaudited)

       120  

General Information (unaudited)

       122  

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


Table of Contents

Market Environment Overview (unaudited)

 

Emerging markets (“EM”) assets experienced substantial volatility over the fiscal year ended March 31, 2019 (the “period”). EM equities, as measured by the MSCI Emerging Markets Index, returned -1.80% in local currency terms and -7.28% in U.S. dollar terms over the period. For much of the period, broad strength in the U.S. dollar hurt foreign EM currencies. Argentina and Turkey experienced even greater negative performance due to political and economic shocks. The Argentine peso weakened 53.51% versus the U.S. dollar during the period. A sharp contraction in Argentinian economic activity in the fourth quarter of 2018 combined with rampant inflation, high unemployment, and a large fiscal deficit sunk the Argentine peso, despite a sizeable financial support program from the International Monetary Fund. The Turkish lira declined 29.25% versus the U.S. dollar as the Turkish economy entered a recession in late 2018 and foreign investors weighed concerns over the country’s political and economic instability. Rising debt burdens and subsequent bankruptcies led the Turkish lira lower over the period, alongside a meaningful increase in borrowing costs and persistently high inflation.

Moderating global economic growth and trade also weighed on EM equity and currency performance in the period. Signals of a slowdown in China were a meaningful headwind on EM equity returns at the end of 2018 as China’s gross domestic product (“GDP”) growth slowed to a level last experienced in 2009. The country’s manufacturing activity contracted while trade activity also provided evidence of the negative impact from the U.S.-China trade dispute. Economic stimulus implemented by the Chinese government and easing trade tensions drove a rebound in Chinese equities in the first quarter of 2019; although, uncertainty around the ultimate resolution between the U.S. and China continues to loom over EM equities.

Additionally, many EM countries have economies heavily reliant on the performance of the energy market. One of the biggest drivers of negative performance and heightened volatility of EM currencies was the drop in oil prices in late 2018, followed by a recovery in the first quarter of 2019. The price of crude oil futures dropped 40% in the fourth quarter of 2018 due to oversupply and later recovered 32% in early 2019 on a cut in global production.

In contrast, lower oil prices benefit net importing economies, like India, which boasted a +7.0% GDP growth rate in 2018. Lower oil import prices helped to moderate inflationary pressures in India in 2018, leading the Reserve Bank of India to cut its lending rate in the first quarter of 2019 for the first time since August 2017.

The developed international equity market, as measured by the MSCI EAFE Index, returned +3.01% in local currency terms and -3.55% in U.S. dollar terms for the fiscal year ended March 31, 2019. Positive returns in local currency terms and negative performance in U.S. dollar terms was driven by broad strengthening of the U.S. dollar during the period. During the fiscal year, the U.S. dollar strengthened +8.73% vs. the Euro, +7.00% vs. British pound, and +4.01% vs. the Japanese yen.

Developed international equities experienced a market correction (in both local and U.S. dollar terms) in the fourth quarter of 2018, followed by a relief rally in the first quarter of 2019. Key drivers of negative returns through 2018 included: uncertainty surrounding the withdrawal of the United Kingdom from the European Union, a marked slowdown in economic growth in the Eurozone, natural disasters in Japan, and global trade disputes. Importantly, major Eurozone economies, including Germany and France, were a significant drag on Eurozone growth during this time period. German and French GDP both grew 1.5% in 2018. This marked the slowest annual GDP growth rate for Germany since 2013, while purchasing managers’ index survey data slipped into contractionary territory, and the yield on the nation’s 10-year government bond turned negative.

During the fiscal year, the European Central Bank announced the end of its quantitative easing program while the Japanese monetary policy remained ultra-accommodative with a near zero 10-year yield. Measures taken by the European Central Bank to stimulate private sector bank lending and more positive news flow on the U.S.-China trade and economic growth helped fuel the rebound in European equities in the first quarter of

 

WisdomTree Trust      1  


Table of Contents

Market Environment Overview (unaudited) (concluded)

 

 

2019. Japan equities also recovered in early 2019 despite weakening export and production levels, resulting from dwindling demand from China, as well as the absence of price inflation. Although developed world equities have rallied, the global macroeconomic backdrop remains a key risk to equity performance in many of these nations.

 

2   WisdomTree Trust


Table of Contents

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2018 to March 31, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

WisdomTree Trust      3  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.3%  

Information Technology

    19.2%  

Materials

    12.9%  

Communication Services

    10.1%  

Energy

    7.9%  

Industrials

    6.0%  

Consumer Discretionary

    5.8%  

Consumer Staples

    5.8%  

Utilities

    5.0%  

Real Estate

    4.2%  

Health Care

    1.4%  

Investment Company

    0.0%

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).

 

*

Represents less than 0.1%.

Top Ten Holdings*

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    7.4%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    5.1%  

BHP Group Ltd.

    3.6%  

China Mobile Ltd.

    2.5%  

Singapore Telecommunications Ltd.

    2.1%  

China Construction Bank Corp., Class H

    2.0%  

China Petroleum & Chemical Corp., Class H

    1.9%  

Commonwealth Bank of Australia

    1.9%  

Westpac Banking Corp.

    1.5%  

CNOOC Ltd.

    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 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 ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying large-cap companies in the Asia Pacific ex-Japan region. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 1.55% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Hong Kong contributed most positively to performance, while its position in South Korea contributed most negatively to performance. Additionally, the Fund’s positions in Real Estate contributed the most to performance, while its positions in Information Technology contributed negatively. In 2018, due to the heightened risks of a U.S.- China trade war, Asian large-cap equities suffered a considerable loss. However, the first quarter of 2019 saw significant positive returns due to Chinese market’s rebound. The Fund’s combined weight in Hong Kong and China, of approximately 29%, contributed to the Fund’s 10.01% gain (based on NAV) in the first quarter of 2019. The strengthening of the U.S. dollar in 2018 also made Asian currencies vulnerable, which lowered Asian equity performance further.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,005.00        0.48   $ 2.40  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

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

Fund NAV Returns

       1.55      9.58      4.11      10.01

Fund Market Price Returns

       0.56      9.75      4.09      9.95

WisdomTree Pacific ex-Japan Dividend/Asia Pacific ex-Japan Spliced Index1

       2.28      10.28      4.66      10.80

MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex-Japan Spliced Index2

       -3.50      11.25      5.30      11.24
1 

WisdomTree Pacific ex-Japan Dividend Index through June 17, 2011; WisdomTree Asia Pacific ex-Japan Index thereafter.

 

2 

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. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

4   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    29.3%  

Communication Services

    22.2%  

Financials

    13.8%  

Health Care

    7.7%  

Real Estate

    7.1%  

Information Technology

    6.8%  

Consumer Staples

    5.4%  

Industrials

    4.9%  

Materials

    1.7%  

Utilities

    0.8%  

Energy

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    11.8%  

Alibaba Group Holding Ltd., ADR

    11.8%  

Baidu, Inc., ADR

    5.0%  

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

    4.9%  

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

    3.9%  

JD.com, Inc., ADR

    2.5%  

China Minsheng Banking Corp., Ltd., Class A

    1.9%  

NetEase, Inc., ADR

    1.8%  

Yum China Holdings, Inc.

    1.7%  

Ctrip.com International Ltd., ADR

    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 China ex-State-Owned Enterprises Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -9.91% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s positions in Utilities contributed the most to performance, while its positions in Information Technology contributed most negatively. In 2018, due to the heightened risks of a U.S.- China trade war and global economy slowdown, Chinese equities suffered a considerable loss. The strengthening of the U.S. dollar in 2018 also made Chinese yuan vulnerable, which further elevated Chinese equity losses. The overall risky economic condition in the latter half of 2018 resulted in a -26.36% Chinese market loss, as measured by the Index. While the Chinese market rebounded 26.60% in the first quarter of 2019, as measured by the Index, as the U.S.-China trade deal started to make progress. However, the decline trend in 2018 led to an overall negative return for the fiscal year.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,084.20        0.32 %1    $ 1.66  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       -9.91      19.79      11.13      8.81

Fund Market Price Returns

       -10.60      20.18      11.18      8.69

WisdomTree China Dividend ex-Financials/China ex-State-Owned Enterprises Spliced Index2

       -11.88      19.17      11.54      9.14

MSCI China Index

       -6.23      15.95      9.43      8.76

FTSE China 50 Index

       -2.24      12.82      7.79      6.98
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on September 19, 2012.

 

2 

WisdomTree China Dividend ex-Financials Index through June 30, 2015; WisdomTree China ex-State-Owned Enterprises Index thereafter.

 

LOGO

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

 

WisdomTree Trust      5  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    25.4%  

Consumer Staples

    22.9%  

Information Technology

    16.3%  

Communication Services

    14.0%  

Financials

    8.1%  

Real Estate

    5.8%  

Health Care

    3.4%  

Utilities

    2.1%  

Materials

    1.0%  

Energy

    0.7%  

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*

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    2.5%  

Naspers Ltd., Class N

    2.3%  

Samsung Electronics Co., Ltd.

    2.3%  

Alibaba Group Holding Ltd., ADR

    2.1%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.0%  

MercadoLibre, Inc.

    1.6%  

Titan Co., Ltd.

    0.8%  

Cia Cervecerias Unidas S.A.

    0.8%  

Fomento Economico Mexicano S.A.B. de C.V.

    0.8%  

CP ALL PCL, NVDR

    0.8%  
*

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

The WisdomTree Emerging Markets Consumer Growth Fund (the ‘‘Fund’’) seeks income and capital appreciation. Prior to October 26, 2018, the Fund sought to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Consumer Growth Index. In seeking to track the Index, the Fund invests in companies in the consumer and non-consumer sectors that exemplify growth trends in emerging market consumers and their local economies. 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 -12.66% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Argentina contributed most positively to performance, while its position in South Africa contributed most negatively to performance. In 2018, due to the heightened risks of a U.S.- China trade war and global economy slowdown, emerging market equities suffered a considerable loss. The strengthening of the U.S. dollar in 2018 also made emerging market currencies vulnerable, which further elevated emerging market equity losses. In addition, South Africa experienced recession in 2018 with a drop in GDP by 0.7%, which also negatively impacted the Fund’s return.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,044.90        0.32 %1    $ 1.63  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       -12.66      5.28      0.42      0.26

Fund Market Price Returns

       -13.48      5.79      0.55      0.29

MSCI Emerging Markets Index

       -7.41      10.68      3.68      3.36
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. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

6   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    18.9%  

Information Technology

    16.2%  

Financials

    16.1%  

Communication Services

    14.7%  

Consumer Staples

    7.7%  

Materials

    6.7%  

Energy

    6.4%  

Industrials

    5.0%  

Health Care

    4.1%  

Real Estate

    2.8%  

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*

 

Description   % of Net Assets  

Tencent Holdings Ltd.

    8.1%  

Alibaba Group Holding Ltd., ADR

    7.3%  

Samsung Electronics Co., Ltd.

    4.3%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    3.3%  

Naspers Ltd., Class N

    2.1%  

Reliance Industries Ltd., GDR

    2.1%  

Lukoil PJSC, ADR

    2.0%  

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

    1.9%  

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

    1.6%  

Baidu, Inc., ADR

    1.4%  
*

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

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in emerging market companies that are not state-owned enterprises, which is defined as government ownership of more than 20%. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -8.64% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Russia contributed most positively to performance, while its position in Hong Kong contributed most negatively to performance. Additionally, the Fund’s positions in Energy contributed the most to performance, while its positions in Health Care contributed most negatively. In 2018, due to the heightened risks of a U.S.- China trade war and global economy slowdown, emerging market equities suffered a considerable loss. The strengthening of the U.S. dollar in 2018 also made emerging market currencies vulnerable, which further elevated emerging market equity losses. Ex-State-Owned enterprises were especially impacted by the slowdown without governments’ support.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,023.70        0.32 %1    $ 1.61  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      Since Inception1  

Fund NAV Returns

       -8.64      11.57      5.48

Fund Market Price Returns

       -9.48      11.81      5.70

WisdomTree Emerging Markets ex-State-Owned Enterprises Index

       -8.39      12.26      6.67

MSCI Emerging Markets Index

       -7.41      10.68      4.70
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 10, 2014.

 

LOGO

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

 

WisdomTree Trust      7  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.3%  

Energy

    18.0%  

Materials

    15.1%  

Communication Services

    10.4%  

Information Technology

    10.4%  

Consumer Discretionary

    5.9%  

Utilities

    4.7%  

Consumer Staples

    4.6%  

Real Estate

    4.3%  

Industrials

    4.2%  

Health Care

    0.8%  

Investment Company

    0.1%  

Other Assets less Liabilities‡

    0.2%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

China Mobile Ltd.

    2.9%  

China Construction Bank Corp., Class H

    2.8%  

Lukoil PJSC, ADR

    2.8%  

Tatneft PJSC, ADR

    2.8%  

MMC Norilsk Nickel PJSC, ADR

    2.7%  

Gazprom PJSC, ADR

    2.3%  

China Petroleum & Chemical Corp., Class H

    2.2%  

Sberbank of Russia PJSC, ADR

    2.1%  

Industrial & Commercial Bank of China Ltd., Class H

    2.0%  

Nan Ya Plastics 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 Emerging Markets High Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets High Dividend Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in high-dividend-yielding companies in the emerging markets region. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -3.51% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Hong Kong contributed most positively to performance, while its position in South Africa contributed most negatively to performance. Additionally, the Fund’s positions in Energy contributed the most to performance, while its positions in Health Care contributed most negatively. In 2018, due to the heightened risks of a U.S.-China trade war and global economy slowdown, emerging market equities suffered a considerable loss. The strengthening of the U.S. dollar in 2018 also made emerging market currencies vulnerable, which further elevated emerging market equity losses. While the Chinese market rebounded in the first quarter of 2019, South Africa, India, and Brazil did not generate large positive returns. The augmented risks in emerging markets contributed to the negative return during the fiscal year.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,004.00        0.63   $ 3.15  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.79        0.63   $ 3.18  

Performance

 

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

Fund NAV Returns

       -3.51      12.03      1.82      7.72

Fund Market Price Returns

       -4.25      12.31      1.94      7.62

WisdomTree Emerging Markets High Dividend Index

       -2.84      12.79      2.71      8.85

MSCI Emerging Markets Index

       -7.41      10.68      3.68      8.94

 

LOGO

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

 

8   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    22.6%  

Information Technology

    15.0%  

Communication Services

    9.8%  

Industrials

    9.4%  

Materials

    9.3%  

Energy

    9.0%  

Consumer Discretionary

    7.8%  

Consumer Staples

    6.3%  

Health Care

    3.7%  

Utilities

    3.7%  

Real Estate

    2.9%  

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*

 

Description   % of Net Assets  

IRB Brasil Resseguros S.A.

    1.5%  

Samsung Electronics Co., Ltd.

    1.4%  

SK Hynix, Inc.

    1.4%  

Sul America S.A.

    1.3%  

Samsung SDS Co., Ltd.

    1.3%  

Bank of Communications Co., Ltd., Class H

    1.2%  

China CITIC Bank Corp., Ltd., Class H

    1.1%  

SK Telecom Co., Ltd.

    1.1%  

HCL Technologies Ltd.

    1.1%  

China Cinda Asset Management Co., Ltd., Class H

    1.1%  
*

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

The WisdomTree Emerging Markets Multifactor Fund (the ‘‘Fund’’) seeks capital appreciation, by investing in equity securities of emerging markets countries with the highest composite scores based on two fundamental factors, value and quality measures, and two technical factors, momentum and correlation.

The Fund returned -3.52% at net asset value (“NAV”) for the fiscal period ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Brazil contributed most positively to performance, while its position in Taiwan contributed most negatively to performance. In 2018, due to the heightened risks of a U.S.- China trade war and global economy slowdown, emerging market equities suffered a considerable loss. The strengthening of the U.S. dollar in 2018 also made emerging market currencies vulnerable, which further elevated emerging market equity losses. While the Fund’s tilt towards high value and high quality, low volatility and low correlation equities provided a buffer for the loss, the Fund nevertheless had negative returns in the past fiscal period.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 963.60        0.48   $ 2.35  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

   
        Cumulative Total Return  
        Since Inception1  

Fund NAV Returns

       -3.52

Fund Market Price Returns

       -2.36

MSCI Emerging Markets Index

       0.67
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on August 10, 2018.

 

LOGO

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

 

WisdomTree Trust      9  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    17.0%  

Financials

    13.1%  

Consumer Discretionary

    13.0%  

Consumer Staples

    11.6%  

Materials

    9.4%  

Industrials

    8.0%  

Energy

    7.5%  

Communication Services

    7.2%  

Real Estate

    5.9%  

Health Care

    4.0%  

Utilities

    3.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description    % of Net Assets  

Tencent Holdings Ltd.

     3.9

Taiwan Semiconductor Manufacturing Co., Ltd.

     2.8

Samsung Electronics Co., Ltd.

     2.7

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

     1.1

Reliance Industries Ltd.

     1.0

China Mobile Ltd.

     1.0

Infosys Ltd.

     0.8

Sberbank of Russia PJSC, ADR

     0.8

Lukoil PJSC, ADR

     0.8

SK Hynix, Inc.

     0.7
*

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

The WisdomTree Emerging Markets Quality Dividend Growth Fund (the ‘‘Fund’’) seeks income and capital appreciation by investing in dividend-paying companies with growth characteristics in the emerging markets region. Prior to October 26, 2018, the Fund sought to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Quality Dividend Growth Index.

The Fund returned -5.79% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in China contributed most positively to performance, while its position in South Africa contributed most negatively to performance. In 2018, due to the heightened risks of a U.S.- China trade war and global economy slowdown, emerging market equities suffered a considerable loss. The strengthening of the U.S. dollar in 2018 also made emerging market currencies vulnerable, which further elevated emerging market equity losses. While the Chinese market rebounded in the first quarter of 2019, South Africa, India, and Brazil did not generate large positive returns. The augmented global equity risks overshadowed by the U.S.-China trade war contributed to the overall negative return of the Fund during the year.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,036.90        0.32 %1    $ 1.63  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.34        0.32 %1    $ 1.61  
1 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.32% through July 31, 2019, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

Performance

 

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

Fund NAV Returns

       -5.79      8.16      2.41      2.07

Fund Market Price Returns

       -5.62      8.49      2.63      1.84

MSCI Emerging Markets Index

       -7.41      10.68      3.68      4.20
1 

Total returns are calculated based on the commencement of Fund trading on the NASDAQ on August 1, 2013.

 

LOGO

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

 

10   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    18.3%  

Real Estate

    14.2%  

Consumer Discretionary

    13.2%  

Industrials

    12.7%  

Financials

    10.3%  

Materials

    9.4%  

Consumer Staples

    6.1%  

Utilities

    6.0%  

Communication Services

    4.5%  

Health Care

    2.6%  

Energy

    2.3%  

Other Assets less Liabilities‡

    0.4%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Guangzhou R&F Properties Co., Ltd., Class H

    1.4%  

Transmissora Alianca de Energia Eletrica S.A.

    1.1%  

Moneta Money Bank AS

    0.7%  

Yuzhou Properties Co., Ltd.

    0.7%  

Foschini Group Ltd. (The)

    0.7%  

Yuexiu Property Co., Ltd.

    0.6%  

Wistron Corp.

    0.6%  

Truworths International Ltd.

    0.6%  

SPAR Group Ltd. (The)

    0.6%  

Telkom S.A. SOC Ltd.

    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 Emerging Markets SmallCap Dividend Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the emerging markets

region. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -8.40% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Mexico contributed most positively to performance, while its position in South Africa contributed most negatively to performance. Additionally, the Fund’s positions in Communication Services contributed the most to performance, while its positions in Consumer Discretionary contributed most negatively. In 2018, due to the heightened risks of a U.S.- China trade war and global economy slowdown, emerging market equities suffered a considerable loss. The strengthening of the U.S. dollar in 2018 also made emerging market currencies vulnerable, which further increased emerging market equity losses. The relative high volatility of small-cap equities subjected them to more negative returns as the global markets fluctuated.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,033.50        0.63   $ 3.19  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.79        0.63   $ 3.18  

Performance

 

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

Fund NAV Returns

       -8.40      11.28      3.57      10.23

Fund Market Price Returns

       -9.26      11.47      3.54      10.27

WisdomTree Emerging Markets SmallCap Dividend Index

       -7.49      12.17      4.59      11.59

MSCI Emerging Markets Small Cap Index

       -12.42      5.95      1.76      10.37

 

LOGO

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

 

WisdomTree Trust      11  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    18.3%  

Industrials

    16.5%  

Consumer Discretionary

    13.2%  

Consumer Staples

    12.1%  

Health Care

    11.1%  

Communication Services

    10.8%  

Materials

    6.3%  

Financials

    4.9%  

Real Estate

    4.8%  

Energy

    1.0%  

Utilities

    0.5%  

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*

 

Description   % of Net Assets  

British American Tobacco PLC

    6.0%  

Telenor ASA

    5.0%  

Tokyo Electron Ltd.

    3.9%  

Atlas Copco AB, Class A

    3.3%  

Safran S.A.

    2.8%  

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.7%  

CSL Ltd.

    2.6%  

ASML Holding N.V.

    2.5%  

adidas AG

    2.3%  

Galaxy Entertainment Group 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 Global ex-U.S. Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Quality Dividend Growth Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in developed and emerging equity markets, ex-U.S. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -3.65% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Norway contributed most positively to performance, while its position in United Kingdom contributed most negatively to performance. In 2018, due to the global economy slowdown, global equities suffered a considerable loss. The Fund’s position in United Kingdom generated negative returns because of the uncertainty surrounding the withdrawal of the United Kingdom from the European Union. However, the Fund’s tilt towards high quality and high dividend yield growth companies provided a buffer to the loss.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 978.70        0.58   $ 2.86  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       -3.65      8.00      3.62      7.30

Fund Market Price Returns

       -3.83      8.41      3.78      7.13

WisdomTree Japan Equity Income/Global ex-U.S. Quality Dividend Growth Spliced Index1

       -2.94      8.84      4.32      8.07

MSCI Japan Value/MSCI AC World ex-USA Growth Spliced Index2

       -3.05      8.42      4.01      9.63
1 

WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree Global ex-U.S. Quality Dividend Growth Index thereafter.

 

2 

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. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

 

12   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Real Estate Management & Development

    53.7%  

Equity Real Estate Investment Trusts (REITs)

    46.0%  

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*

 

Description   % of Net Assets  

Sun Hung Kai Properties Ltd.

    4.6%  

Henderson Land Development Co., Ltd.

    2.8%  

Unibail-Rodamco-Westfield

    2.3%  

Scentre Group

    2.1%  

Link REIT

    2.0%  

Vonovia SE

    2.0%  

New World Development Co., Ltd.

    1.8%  

Klepierre S.A.

    1.8%  

Swire Properties Ltd.

    1.7%  

Daiwa House Industry Co., Ltd.

    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 Global ex-U.S. Real Estate Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global ex-U.S. Real Estate Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies in the Real Estate sector in developed and emerging equity markets, ex-U.S. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 4.51% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Hong Kong contributed most positively to performance, while its position in Netherlands contributed most negatively to performance. Additionally, the Fund’s positions in Real Estate contributed the most to performance, while its positions in Industrials contributed most negatively. The first quarter of 2019 saw significant positive returns due to the Chinese market’s rebound. In 2018 however, due to the heightened risks of a U.S.- China trade war, global equities suffered a considerable loss. The Fund’s focus on investing in value companies in the Real Estate sector mitigated some losses as the global market experienced a large decline. The exposure to global dividend yielding Real Estate companies contributed to the positive gains.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,097.80        0.58   $ 3.03  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       4.51      11.68      8.45      13.53

Fund Market Price Returns

       4.19      11.66      8.53      13.40

WisdomTree International Real Estate/Global ex-U.S. Real Estate Spliced Index1

       4.86      11.99      8.71      13.84

Dow Jones Global ex-U.S. Select Real Estate Securities Index

       3.75      3.98      3.87      12.01
1 

WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate Index thereafter.

 

LOGO

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

 

WisdomTree Trust      13  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Global High Dividend Fund (DEW)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    16.9

Energy

    12.8

Consumer Staples

    12.3

Communication Services

    10.0

Utilities

    9.0

Real Estate

    8.0

Health Care

    7.8

Information Technology

    7.6

Consumer Discretionary

    5.8

Industrials

    5.0

Materials

    4.3

Investment Company

    0.1

Other Assets less Liabilities‡

    0.4

Total

    100.0

 

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

 

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

Top Ten Holdings*

 

Description    % of Net Assets  

Exxon Mobil Corp.

     3.0

AT&T, Inc.

     2.8

Verizon Communications, Inc.

     2.4

Procter & Gamble Co. (The)

     2.1

Chevron Corp.

     2.0

Pfizer, Inc.

     1.7

Philip Morris International, Inc.

     1.6

Cisco Systems, Inc.

     1.6

Coca-Cola Co. (The)

     1.5

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

The Fund returned 3.59% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Hong Kong contributed most positively to performance, while its position in Germany contributed most negatively to performance. Additionally, the Fund’s positions in Health Care contributed the most to performance, while its positions in Financials contributed most negatively. The first quarter of 2019 saw significant positive returns due to the Chinese market’s rebound. In 2018 however, due to the heightened risks of a U.S.- China trade war, global equities suffered a considerable loss. The Fund’s focus on investing in value companies mitigated some losses as the global market experienced a large decline. The exposure to global high dividend yielding companies contributed to the positive gains.

Shareholder Expense Example

 

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

Actual

  $ 1,000.00     $ 1,002.40       0.58   $ 2.90  

Hypothetical (5% return before expenses)

  $ 1,000.00     $ 1,022.04       0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

     3.59      7.97      3.23      10.09

Fund Market Price Returns

     3.33      8.05      3.29      10.02

WisdomTree Europe Equity Income/Global High Dividend Spliced Index1

     3.27      7.84      3.10      10.12

MSCI Europe Value/MSCI AC World Spliced Index2

     2.60      10.67      6.45      12.85
1 

WisdomTree Europe Equity Income Index through June 19, 2009; WisdomTree Global High Dividend Index thereafter.

 

2 

MSCI Europe Value Index through June 19, 2009; MSCI AC World Index thereafter.

 

LOGO

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

 

14   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree India Earnings Fund (EPI) (consolidated)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    24.2%  

Energy

    19.8%  

Information Technology

    15.6%  

Materials

    11.3%  

Consumer Discretionary

    7.8%  

Industrials

    5.3%  

Utilities

    5.2%  

Consumer Staples

    4.3%  

Health Care

    4.1%  

Communication Services

    1.6%  

Real Estate

    1.3%  

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*

 

Description   % of Net Assets  

Reliance Industries Ltd.

    9.9%  

Housing Development Finance Corp., Ltd.

    8.4%  

Infosys Ltd.

    7.3%  

Tata Consultancy Services Ltd.

    3.1%  

Indian Oil Corp., Ltd.

    2.5%  

ICICI Bank Ltd.

    2.4%  

Oil & Natural Gas Corp., Ltd.

    2.3%  

Vedanta Ltd.

    1.9%  

HCL Technologies Ltd.

    1.8%  

Bharat Petroleum Corp., 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 ‘‘Index’’). In seeking to track the Index, the Fund invests in profitable companies in the Indian equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 2.89% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s positions in Information Technology contributed the most to performance, while its positions in Consumer Discretionary contributed most negatively. In the fourth quarter of 2018, India’s economy suffered a slowdown when its GDP decreased from 8.2% to 7.2%. The Indian rupee also depreciated in the fourth quarter of 2018. Against this general economic backdrop, the Fund had a return of -3.44% (based on NAV) through the fourth quarter of 2018. However, in the first quarter of 2019, as the global environment became “risk on”, the Fund generated a 6.55% return (based on NAV).

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,097.60        0.85   $ 4.45  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.69        0.85   $ 4.28  

Performance

 

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

Fund NAV Returns

       2.89      11.90      7.90      10.12

Fund Market Price Returns

       1.72      11.78      7.92      10.11

WisdomTree India Earnings Index

       3.31      13.22      9.17      11.47

MSCI India Index

       6.75      11.69      7.87      11.59

 

LOGO

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

 

WisdomTree Trust      15  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Middle East Dividend Fund (GULF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    57.5%  

Communication Services

    12.0%  

Materials

    7.8%  

Real Estate

    7.1%  

Industrials

    6.6%  

Energy

    2.7%  

Utilities

    1.6%  

Consumer Staples

    1.6%  

Consumer Discretionary

    1.4%  

Health Care

    0.2%  

Other Assets less Liabilities‡

    1.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Qatar National Bank QPSC

    7.5

Al Rajhi Bank

    5.9

Emirates Telecommunications Group Co. PJSC

    4.5

First Abu Dhabi Bank PJSC

    4.5

Saudi Basic Industries Corp.

    4.3

National Bank of Kuwait SAKP

    3.9

Ahli United Bank BSC

    3.2

Abu Dhabi Commercial Bank PJSC

    3.1

Mobile Telecommunications Co. KSC

    3.1

Arab Bank PLC

    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 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 ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies in the Middle East. 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 13.41% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Saudi Arabia contributed most positively to performance, while its position in Egypt contributed most negatively to performance. Saudi Arabia had a strong performance in the first quarter of 2019 due to a steady rise in increased oil prices. Continued demand combined with OPEC’s decision to curtail production aided to oil prices rising. On the backs of rising oil prices and stronger domestic demand, the general economy within the Middle East grew in 2018. Aiding in some of this growth were a few large-scale public service projects to modernize both the infrastructure and economies within a few countries. In particular, Qatar’s new infrastructure spending went into building for the upcoming FIFA 2022 World Cup tournament. Additionally, Kuwait has begun a large-scale, long-term, revitalization plan that will include infrastructure building, legislative changes, and private sector engagement initiatives, all with the eventual goal of creating a top, knowledge-based economy by 2035, with lower unemployment rates. By and large, the macroeconomics within the whole region, combined with improving economic conditions domestically in a couple of key countries, led to the Fund’s positive return during the fiscal year.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,081.40        0.88   $ 4.57  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.54        0.88   $ 4.43  

Performance

 

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

Fund NAV Returns

       13.41      9.80      1.87      9.76

Fund Market Price Returns

       12.90      10.02      1.52      9.51

WisdomTree Middle East Dividend Index

       13.87      11.35      3.14      11.16

MSCI Arabian Markets ex-Saudi Arabia Index

       8.94      6.11      -0.56      6.20

 

LOGO

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

 

16   WisdomTree Trust


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 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.

The WisdomTree Emerging Markets High Dividend Index is comprised of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

 

 

WisdomTree Trust      17  


Table of Contents

Description of Indexes (unaudited) (continued)

 

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 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.

 

18   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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

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

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Australia – 23.2%      

AGL Energy Ltd.

     11,400      $ 176,293  

Amcor Ltd.

     16,004        174,960  

AMP Ltd.

     27,365        40,821  

APA Group

     15,149        107,396  

Aristocrat Leisure Ltd.

     2,765        48,141  

Australia & New Zealand Banking Group Ltd.

     20,406        377,315  

BHP Group Ltd.

     44,807        1,225,085  

Brambles Ltd.

     13,898        116,100  

CIMIC Group Ltd.

     2,897        99,313  

Cochlear Ltd.

     289        35,573  

Commonwealth Bank of Australia

     12,579        631,203  

Computershare Ltd.

     2,964        35,962  

Crown Resorts Ltd.

     9,028        73,814  

CSL Ltd.

     1,760        243,717  

Fortescue Metals Group Ltd.

     62,714        316,743  

Insurance Australia Group Ltd.

     12,131        66,180  

Macquarie Group Ltd.

     1,936        177,983  

National Australia Bank Ltd.

     22,985        412,593  

Newcrest Mining Ltd.

     3,044        55,160  

Qantas Airways Ltd.

     16,322        65,624  

QBE Insurance Group Ltd.

     5,149        45,025  

Ramsay Health Care Ltd.

     1,623        74,189  

REA Group Ltd.

     762        40,434  

Rio Tinto Ltd.

     6,096        423,979  

Sonic Healthcare Ltd.

     4,721        82,363  

South32 Ltd.

     58,862        155,961  

Suncorp Group Ltd.

     7,730        75,666  

Sydney Airport

     36,226        191,197  

Tabcorp Holdings Ltd.

     26,173        85,895  

Telstra Corp., Ltd.

     168,990        398,540  

Transurban Group

     33,128        310,629  

Treasury Wine Estates Ltd.

     4,734        50,207  

Wesfarmers Ltd.

     15,912        391,652  

Westpac Banking Corp.

     27,200        500,814  

Woodside Petroleum Ltd.

     10,565        259,818  

Woolworths Group Ltd.

     12,721        274,705  
     

 

 

 
Total Australia               7,841,050  
China – 19.2%

 

AAC Technologies Holdings, Inc.

     7,400        43,788  

Agricultural Bank of China Ltd. Class H

     213,900        98,640  

Anhui Conch Cement Co., Ltd. Class H

     13,500        82,462  

ANTA Sports Products Ltd.

     13,000        88,434  

Bank of China Ltd. Class H

     615,055        278,931  

Bank of Communications Co., Ltd. Class H

     186,955        153,137  

Beijing Enterprises Holdings Ltd.

     6,900        39,115  

China CITIC Bank Corp., Ltd. Class H

     99,800        63,567  

China Construction Bank Corp. Class H

     791,400        678,491  

China Evergrande Group(a)

     26,000        86,446  

China Gas Holdings Ltd.

     13,100        46,059  

China Life Insurance Co., Ltd. Class H

     27,396        73,638  

China Merchants Bank Co., Ltd. Class H

     22,204        107,909  

China Mobile Ltd.

     82,134      837,040  

China Overseas Land & Investment Ltd.

     23,565        89,457  

China Pacific Insurance Group Co., Ltd. Class H

     15,400        60,423  

China Petroleum & Chemical Corp. Class H

     833,161        656,981  

China Resources Beer Holdings Co., Ltd.

     4,300        18,104  

China Resources Cement Holdings Ltd.

     42,000        43,338  

China Resources Land Ltd.

     18,300        82,059  

China Resources Power Holdings Co., Ltd.

     46,418        69,775  

China Shenhua Energy Co., Ltd. Class H

     67,036        152,860  

China Telecom Corp., Ltd. Class H

     139,038        77,224  

CITIC Ltd.

     76,400        114,065  

CNOOC Ltd.

     230,061        430,818  

Country Garden Holdings Co., Ltd.

     60,000        93,708  

CSPC Pharmaceutical Group Ltd.

     21,300        39,616  

ENN Energy Holdings Ltd.

     4,600        44,477  

Fosun International Ltd.

     27,500        46,593  

Geely Automobile Holdings Ltd.

     44,800        85,606  

Guangdong Investment Ltd.

     43,500        84,008  

Hengan International Group Co., Ltd.

     10,600        92,902  

Industrial & Commercial Bank of China Ltd. Class H

     547,270        400,869  

Kunlun Energy Co., Ltd.

     32,000        33,427  

Lenovo Group Ltd.

     124,000        111,522  

PetroChina Co., Ltd. Class H

     201,419        130,602  

PICC Property & Casualty Co., Ltd. Class H

     30,500        34,658  

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

     17,146        191,993  

Shenzhou International Group Holdings Ltd.

     6,400        85,769  

Tencent Holdings Ltd.

     6,100        280,524  

Want Want China Holdings Ltd.

     74,800        62,127  

WH Group Ltd.(b)

     157,500        168,536  
     

 

 

 
Total China               6,459,698  
Hong Kong – 10.3%

 

AIA Group Ltd.

     26,325        262,078  

Bank of East Asia Ltd. (The)

     15,200        49,376  

BOC Hong Kong Holdings Ltd.

     52,389        216,898  

Chow Tai Fook Jewellery Group Ltd.

     30,600        30,951  

CLP Holdings Ltd.

     30,604        354,775  

Galaxy Entertainment Group Ltd.

     31,000        211,078  

Hang Lung Properties Ltd.

     32,000        78,105  

Hang Seng Bank Ltd.

     9,003        222,152  

Henderson Land Development Co., Ltd.

     24,523        155,886  

Hong Kong & China Gas Co., Ltd.

     110,345        264,548  

Hong Kong Exchanges & Clearing Ltd.

     5,300        184,725  

MTR Corp., Ltd.

     57,152        353,835  

New World Development Co., Ltd.

     62,857        104,255  

Power Assets Holdings Ltd.

     36,579        253,725  

Sino Land Co., Ltd.

     34,924        67,535  

Sun Hung Kai Properties Ltd.

     14,534        249,394  

Swire Pacific Ltd. Class A

     5,500        70,765  

Swire Properties Ltd.

     26,800        115,223  

Techtronic Industries Co., Ltd.

     11,000        73,918  

Wharf Holdings Ltd. (The)

     25,350        76,535  

Wheelock & Co., Ltd.

     9,000        65,924  
     

 

 

 
Total Hong Kong               3,461,681  

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2019

 

 

 

Investments    Shares      Value  
India – 5.7%

 

Asian Paints Ltd.

     1,571      $ 33,851  

Bharat Petroleum Corp., Ltd.

     22,575        129,552  

Bharti Airtel Ltd.

     10,036        48,257  

Bharti Infratel Ltd.

     16,946        76,664  

Coal India Ltd.

     31,730        108,645  

HCL Technologies Ltd.

     2,315        36,340  

Hero MotoCorp Ltd.

     1,355        49,939  

Hindustan Unilever Ltd.

     4,461        109,910  

Indian Oil Corp., Ltd.

     66,815        157,067  

Infosys Ltd.

     676        7,259  

Infosys Ltd. ADR

     31,781        347,366  

ITC Ltd.

     23,743        101,878  

Larsen & Toubro Ltd. GDR Reg S

     2,427        48,346  

Mahindra & Mahindra Ltd.

     3,080        29,962  

Maruti Suzuki India Ltd.

     595        57,310  

NTPC Ltd.

     27,487        53,447  

Power Grid Corp. of India Ltd.

     17,244        49,261  

Reliance Industries Ltd. GDR(b)

     3,259        130,686  

Tata Consultancy Services Ltd.

     4,531        130,920  

Tech Mahindra Ltd.

     4,344        48,654  

Vedanta Ltd.

     32,682        87,018  

Vedanta Ltd. ADR

     7,681        81,111  
     

 

 

 
Total India               1,923,443  
Indonesia – 1.9%

 

Astra International Tbk PT

     192,461        99,001  

Bank Central Asia Tbk PT

     26,675        51,983  

Bank Mandiri Persero Tbk PT*

     83,448        43,658  

Bank Rakyat Indonesia Persero Tbk PT

     283,800        82,111  

Gudang Garam Tbk PT

     8,500        49,663  

Hanjaya Mandala Sampoerna Tbk PT

     124,900        32,891  

Telekomunikasi Indonesia Persero Tbk PT

     813,800        225,738  

Unilever Indonesia Tbk PT

     7,835        27,084  

United Tractors Tbk PT

     14,500        27,544  
     

 

 

 
Total Indonesia               639,673  
Malaysia – 1.7%

 

CIMB Group Holdings Bhd

     28,400        35,826  

DiGi.Com Bhd

     48,200        53,720  

Genting Malaysia Bhd

     28,140        22,057  

Malayan Banking Bhd

     47,394        107,616  

MISC Bhd

     28,500        46,703  

Petronas Chemicals Group Bhd

     32,308        72,490  

Petronas Gas Bhd

     11,300        48,771  

Public Bank Bhd

     13,190        74,827  

Tenaga Nasional Bhd

     33,900        105,125  
     

 

 

 
Total Malaysia               567,135  
Philippines – 0.2%

 

SM Investments Corp.

     3,754        66,773  
Singapore – 6.5%

 

CapitaLand Ltd.

     32,100        86,501  

DBS Group Holdings Ltd.

     16,417        305,796  

Genting Singapore Ltd.

     147,300        113,099  

Jardine Cycle & Carriage Ltd.

     5,578      133,798  

Keppel Corp., Ltd.

     21,284        97,738  

Oversea-Chinese Banking Corp., Ltd.

     22,774        185,790  

Singapore Airlines Ltd.

     16,857        120,221  

Singapore Technologies Engineering Ltd.

     41,125        113,553  

Singapore Telecommunications Ltd.

     312,077        695,808  

United Overseas Bank Ltd.

     8,698        161,759  

Wilmar International Ltd.

     77,000        188,165  
     

 

 

 
Total Singapore               2,202,228  
South Korea – 13.3%

 

Hana Financial Group, Inc.

     1,647        52,815  

Hyundai Motor Co.

     1,830        192,657  

KB Financial Group, Inc.

     2,122        78,236  

Kia Motors Corp.

     2,752        85,705  

Korea Zinc Co., Ltd.

     130        53,255  

KT&G Corp.

     1,852        168,868  

LG Chem Ltd.

     327        105,437  

LG Corp.

     1,041        71,075  

LG Household & Health Care Ltd.

     41        51,182  

LG Uplus Corp.

     1,955        26,610  

Lotte Chemical Corp.

     228        58,351  

NCSoft Corp.

     111        48,503  

POSCO

     919        204,834  

S-Oil Corp.

     647        51,071  

Samsung C&T Corp.

     566        53,354  

Samsung Electronics Co., Ltd.

     63,482        2,497,112  

Samsung Fire & Marine Insurance Co., Ltd.

     159        42,163  

Samsung Life Insurance Co., Ltd.

     342        25,339  

Samsung SDS Co., Ltd.

     138        28,570  

Shinhan Financial Group Co., Ltd.

     2,170        80,293  

SK Holdings Co., Ltd.

     233        55,525  

SK Hynix, Inc.

     2,952        192,968  

SK Innovation Co., Ltd.

     816        129,039  

SK Telecom Co., Ltd.

     341        75,554  

SK Telecom Co., Ltd. ADR

     1,777        43,519  
     

 

 

 
Total South Korea               4,472,035  
Taiwan – 15.8%

 

ASE Technology Holding Co., Ltd.*

     40,526        88,756  

Asustek Computer, Inc.

     15,000        108,532  

Catcher Technology Co., Ltd.

     11,000        84,587  

Cathay Financial Holding Co., Ltd.

     58,614        85,485  

China Steel Corp.

     151,078        124,017  

Chunghwa Telecom Co., Ltd.

     62,436        221,825  

CTBC Financial Holding Co., Ltd.

     117,389        77,890  

Delta Electronics, Inc.

     29,415        151,749  

Far EasTone Telecommunications Co., Ltd.

     29,000        69,911  

First Financial Holding Co., Ltd.

     74,595        51,068  

Formosa Chemicals & Fibre Corp.

     78,685        285,937  

Formosa Petrochemical Corp.

     29,511        110,593  

Formosa Plastics Corp.

     80,444        285,804  

Fubon Financial Holding Co., Ltd.

     50,803        75,824  

Hon Hai Precision Industry Co., Ltd.

     119,625        285,279  

Hua Nan Financial Holdings Co., Ltd.

     7,000        4,406  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2019

 

 

 

Investments    Shares      Value  

Largan Precision Co., Ltd.

     1,000      $ 149,251  

MediaTek, Inc.

     18,000        164,988  

Mega Financial Holding Co., Ltd.

     104,827        95,404  

Nan Ya Plastics Corp.

     117,537        300,893  

President Chain Store Corp.

     14,000        137,863  

Quanta Computer, Inc.

     61,000        114,398  

Taiwan Mobile Co., Ltd.

     30,100        108,893  

Taiwan Semiconductor Manufacturing Co., Ltd.

     215,241        1,714,497  

Uni-President Enterprises Corp.

     129,346        313,917  

United Microelectronics Corp.

     210,000        79,379  

Yageo Corp.

     3,000        31,440  
     

 

 

 
Total Taiwan               5,322,586  
Thailand – 1.8%

 

Advanced Info Service PCL NVDR

     11,900        68,996  

Airports of Thailand PCL NVDR

     23,340        50,011  

Charoen Pokphand Foods PCL NVDR

     53,000        42,587  

CP ALL PCL

     28,800        67,837  

Indorama Ventures PCL NVDR

     18,000        28,218  

PTT Exploration & Production PCL

     16,813        66,489  

PTT Global Chemical PCL

     34,194        72,461  

PTT PCL NVDR

     52,200        78,954  

Siam Cement PCL (The) NVDR

     4,871        73,982  

Siam Commercial Bank PCL (The)

     11,400        47,418  
     

 

 

 
Total Thailand               596,953  
TOTAL COMMON STOCKS
(Cost: $30,027,799)

 

     33,553,255  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      
WisdomTree Global ex-U.S. Real Estate Fund(c)
(Cost: $1,758)
     64        2,056  
TOTAL INVESTMENTS IN SECURITIES – 99.6%
(Cost: $30,029,557)

 

     33,555,311  

Other Assets less Liabilities – 0.4%

 

     147,605  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 33,702,916  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2). At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $82,124. The total market value of the collateral held by the Fund was $86,398. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $86,398.

 

(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).

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.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
China – 99.5%      
Air Freight & Logistics – 0.9%      

SF Holding Co., Ltd. Class A

     60,800      $ 331,102  

ZTO Express Cayman, Inc. ADR

     54,629        998,618  
     

 

 

 
Total Air Freight & Logistics

 

     1,329,720  
Auto Components – 1.2%      

China First Capital Group Ltd.*

     488,000        257,992  

Fuyao Glass Industry Group Co., Ltd. Class A

     115,867        419,220  

Fuyao Glass Industry Group Co., Ltd. Class H(a)

     70,800        237,658  

Minth Group Ltd.

     112,000        352,414  

Xinyi Glass Holdings Ltd.

     362,000        415,040  
     

 

 

 
Total Auto Components

 

     1,682,324  
Automobiles – 2.2%      

BYD Co., Ltd. Class A

     70,797        563,154  

BYD Co., Ltd. Class H(b)

     103,500        623,649  

Geely Automobile Holdings Ltd.

     855,000        1,633,789  

Great Wall Motor Co., Ltd. Class H(b)

     444,000        333,148  
     

 

 

 
Total Automobiles

 

     3,153,740  
Banks – 3.4%      

China Minsheng Banking Corp., Ltd. Class A

     2,909,336        2,742,983  

China Minsheng Banking Corp., Ltd. Class H

     1,038,100        753,794  

Ping An Bank Co., Ltd. Class A

     745,200        1,420,695  
     

 

 

 
Total Banks

 

     4,917,472  
Biotechnology – 0.7%      

3SBio, Inc.(a)

     95,000        186,857  

China Biologic Products Holdings, Inc.*

     3,897        355,601  

Walvax Biotechnology Co., Ltd. Class A*

     107,800        408,789  
     

 

 

 
Total Biotechnology

 

     951,247  
Capital Markets – 1.4%      

Changjiang Securities Co., Ltd. Class A

     775,906        868,849  

East Money Information Co., Ltd. Class A

     403,960        1,164,212  
     

 

 

 
Total Capital Markets

 

     2,033,061  
Chemicals – 0.8%      

Tianqi Lithium Corp. Class A

     78,220        408,984  

Zhejiang Longsheng Group Co., Ltd. Class A

     283,500        725,140  
     

 

 

 
Total Chemicals

 

     1,134,124  
Communications Equipment – 0.3%      

Hengtong Optic-electric Co., Ltd. Class A

     124,580        393,128  
Diversified Consumer Services – 2.6%      

New Oriental Education & Technology Group, Inc. ADR*

     19,206        1,730,268  

TAL Education Group ADR*

     55,824        2,014,130  
     

 

 

 
Total Diversified Consumer Services

 

     3,744,398  
Electrical Equipment – 1.5%      

Fangda Carbon New Material Co., Ltd. Class A

     119,300        400,771  

Fullshare Holdings Ltd.*(b)

     1,375,000        183,921  

Jiangsu Zhongtian Technology Co., Ltd. Class A

     268,782        397,707  

Luxshare Precision Industry Co., Ltd. Class A

     215,695        795,485  

TBEA Co., Ltd. Class A

     241,375        297,209  
     

 

 

 
Total Electrical Equipment

 

     2,075,093  
Electronic Equipment, Instruments & Components – 2.8%

 

AAC Technologies Holdings, Inc.

     116,500      689,367  

Chaozhou Three-Circle Group Co., Ltd. Class A

     102,338        315,635  

Hollysys Automation Technologies Ltd.

     9,482        198,553  

Kingboard Holdings Ltd.

     102,500        363,653  

OFILM Group Co., Ltd. Class A

     191,900        405,232  

Sunny Optical Technology Group Co., Ltd.

     107,900        1,288,639  

Tunghsu Optoelectronic Technology Co., Ltd. Class A

     414,800        372,577  

Zhejiang Dahua Technology Co., Ltd. Class A

     150,500        367,494  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     4,001,150  
Entertainment – 2.3%      

Alibaba Pictures Group Ltd.*(b)

     1,750,000        309,879  

iQIYI, Inc. ADR*(b)

     17,940        429,125  

NetEase, Inc. ADR

     10,636        2,568,062  
     

 

 

 
Total Entertainment

 

     3,307,066  
Food & Staples Retailing – 0.5%      

Sun Art Retail Group Ltd.

     283,500        276,282  

Yonghui Superstores Co., Ltd. Class A

     338,446        434,854  
     

 

 

 
Total Food & Staples Retailing

 

     711,136  
Food Products – 4.2%      

Dali Foods Group Co., Ltd.(a)

     354,500        265,090  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     48,863        629,998  

Health & Happiness H&H International Holdings Ltd.*(b)

     30,500        190,969  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     91,900        353,277  

Tingyi Cayman Islands Holding Corp.

     278,000        458,266  

Uni-President China Holdings Ltd.

     223,000        218,743  

Want Want China Holdings Ltd.

     986,000        818,961  

Wens Foodstuffs Group Co., Ltd. Class A

     304,800        1,840,268  

WH Group Ltd.(a)

     1,195,500        1,279,285  
     

 

 

 
Total Food Products

 

     6,054,857  
Gas Utilities – 0.8%      

ENN Energy Holdings Ltd.

     118,500        1,145,773  
Health Care Equipment & Supplies – 0.5%

 

  

Lepu Medical Technology Beijing Co., Ltd. Class A

     103,400        407,480  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     372,000        355,421  
     

 

 

 
Total Health Care Equipment & Supplies

 

     762,901  
Health Care Providers & Services – 0.9%      

Aier Eye Hospital Group Co., Ltd. Class A

     113,800        575,389  

Huadong Medicine Co., Ltd. Class A

     64,800        314,436  

Meinian Onehealth Healthcare Holdings Co., Ltd. Class A

     141,100        390,073  
     

 

 

 
Total Health Care Providers & Services

 

     1,279,898  
Hotels, Restaurants & Leisure – 2.4%      

Huazhu Group Ltd. ADR

     16,213        683,216  

MGM China Holdings Ltd.(b)

     104,800        219,217  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (continued)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Yum China Holdings, Inc.

     55,919      $ 2,511,322  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     3,413,755  
Household Durables – 1.6%      

Haier Electronics Group Co., Ltd.*

     230,000        668,038  

Qingdao Haier Co., Ltd. Class A

     362,000        921,082  

TCL Corp. Class A

     1,224,400        739,247  
     

 

 

 
Total Household Durables

 

     2,328,367  
Industrial Conglomerates – 0.4%      

Fosun International Ltd.

     346,500        587,075  
Insurance – 9.0%      

Fanhua, Inc. ADR(b)

     8,576        225,206  

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

     619,794        7,106,271  

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

     501,500        5,615,629  
     

 

 

 
Total Insurance

 

     12,947,106  
Interactive Media & Services – 19.6%      

58.com, Inc. ADR*

     13,892        912,427  

Autohome, Inc. ADR*(b)

     9,095        956,066  

Baidu, Inc. ADR*

     43,488        7,168,997  

Momo, Inc. ADR*

     23,213        887,665  

Tencent Holdings Ltd.

     369,600        16,997,216  

Weibo Corp. ADR*

     10,718        664,409  

YY, Inc. ADR*

     7,065        593,531  
     

 

 

 
Total Interactive Media & Services

 

     28,180,311  
Internet & Direct Marketing Retail – 16.4%      

Alibaba Group Holding Ltd. ADR*

     92,944        16,957,633  

Baozun, Inc. ADR*(b)

     5,530        229,716  

Ctrip.com International Ltd. ADR*

     50,930        2,225,132  

JD.com, Inc. ADR*

     121,187        3,653,788  

Vipshop Holdings Ltd. ADR*

     67,082        538,668  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     23,604,937  
IT Services – 0.4%      

Chinasoft International Ltd.*(b)

     362,000        223,660  

GDS Holdings Ltd. ADR*(b)

     10,366        369,963  
     

 

 

 
Total IT Services

 

     593,623  
Life Sciences Tools & Services – 0.7%      

Genscript Biotech Corp.*

     152,000        286,966  

Wuxi Biologics Cayman, Inc.*(a)

     79,000        768,378  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,055,344  
Machinery – 1.8%      

China Conch Venture Holdings Ltd.

     273,363        978,554  

Haitian International Holdings Ltd.

     118,000        268,173  

Sany Heavy Industry Co., Ltd. Class A

     482,400        916,808  

Shenzhen Inovance Technology Co., Ltd. Class A

     101,800        397,087  
     

 

 

 
Total Machinery

 

     2,560,622  
Marine – 0.1%      

SITC International Holdings Co., Ltd.

     149,000        152,989  
Media – 0.2%

 

China Literature Ltd.*(a)(b)

     46,600        218,163  
Metals & Mining – 0.6%

 

China Hongqiao Group Ltd.(b)

     272,500      205,160  

Ganfeng Lithium Co., Ltd. Class A

     85,650        351,414  

Zhejiang Huayou Cobalt Co., Ltd. Class A

     56,000        312,208  
     

 

 

 
Total Metals & Mining

 

     868,782  
Paper & Forest Products – 0.3%      

Lee & Man Paper Manufacturing Ltd.

     222,000        189,199  

Nine Dragons Paper Holdings Ltd.

     250,000        238,221  
     

 

 

 
Total Paper & Forest Products

 

     427,420  
Personal Products – 0.7%      

Hengan International Group Co., Ltd.

     116,000        1,016,682  
Pharmaceuticals – 4.9%

 

China Medical System Holdings Ltd.

     221,000        214,247  

CSPC Pharmaceutical Group Ltd.

     694,000        1,290,776  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     200,311        1,948,747  

Kangmei Pharmaceutical Co., Ltd. Class A

     244,451        379,881  

Luye Pharma Group Ltd.(a)(b)

     261,107        228,182  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A

     100,500        445,073  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class H

     81,500        294,340  

Sichuan Kelun Pharmaceutical Co., Ltd. Class A

     84,360        363,183  

Sino Biopharmaceutical Ltd.

     974,500        888,860  

SSY Group Ltd.

     298,000        277,126  

Tasly Pharmaceutical Group Co., Ltd. Class A

     90,300        302,410  

Tonghua Dongbao Pharmaceutical Co., Ltd. Class A

     128,047        330,567  
     

 

 

 
Total Pharmaceuticals

 

     6,963,392  
Professional Services – 0.2%      

51job, Inc. ADR*

     4,311        335,741  
Real Estate Management & Development – 7.1%

 

Agile Group Holdings Ltd.

     212,000        342,987  

China Evergrande Group(b)

     443,000        1,472,933  

China Fortune Land Development Co., Ltd. Class A

     105,100        484,824  

CIFI Holdings Group Co., Ltd.

     554,000        419,919  

Country Garden Holdings Co., Ltd.

     1,137,000        1,775,782  

Future Land Development Holdings Ltd.

     300,000        371,472  

Gemdale Corp. Class A

     262,600        536,954  

Guangzhou R&F Properties Co., Ltd. Class H

     157,600        340,904  

Jiayuan International Group Ltd.

     150,000        79,301  

KWG Group Holdings Ltd.

     233,500        281,693  

Logan Property Holdings Co., Ltd.

     204,000        337,841  

Longfor Group Holdings Ltd.

     243,500        857,695  

Shimao Property Holdings Ltd.

     189,500        592,652  

Sunac China Holdings Ltd.

     348,000        1,733,383  

Yuexiu Property Co., Ltd.

     1,462,000        352,004  

Zall Smart Commerce Group Ltd.*(b)

     580,000        226,832  
     

 

 

 
Total Real Estate Management & Development

 

     10,207,176  
Semiconductors & Semiconductor Equipment – 0.8%

 

  

Hanergy Thin Film Power Group Ltd.*

     502,000        0  

LONGi Green Energy Technology Co., Ltd. Class A

     178,271        691,929  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Sanan Optoelectronics Co., Ltd. Class A

     220,240      $ 480,470  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,172,399  
Software – 2.0%      

Hundsun Technologies, Inc. Class A

     47,300        615,895  

Iflytek Co., Ltd. Class A

     165,300        892,072  

Kingdee International Software Group Co., Ltd.

     311,000        359,737  

Kingsoft Corp., Ltd.

     170,000        432,263  

Yonyou Network Technology Co., Ltd. Class A

     113,000        569,663  
     

 

 

 
Total Software

 

     2,869,630  
Specialty Retail – 0.8%      

China Yongda Automobiles Services Holdings Ltd.(b)

     221,000        175,114  

GOME Retail Holdings Ltd.*(b)

     1,426,000        132,611  

Suning.com Co., Ltd. Class A

     312,400        583,035  

Zhongsheng Group Holdings Ltd.

     88,500        219,620  
     

 

 

 
Total Specialty Retail

 

     1,110,380  
Technology Hardware, Storage & Peripherals – 0.5%

 

  

Focus Media Information Technology Co., Ltd. Class A

     701,024        653,643  

Meitu, Inc.*(a)

     254,500        119,633  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     773,276  
Textiles, Apparel & Luxury Goods – 2.0%      

ANTA Sports Products Ltd.

     138,000        938,770  

Li Ning Co., Ltd.*

     273,500        429,246  

Shenzhou International Group Holdings Ltd.

     112,000        1,500,971  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     2,868,987  
Total China

 

     142,933,245  
Hong Kong – 0.3%

 

Oil, Gas & Consumable Fuels – 0.2%

 

United Energy Group Ltd.(b)

     1,172,000        226,939  
Specialty Retail – 0.1%

 

Chow Tai Fook Jewellery Group Ltd.

     218,000        220,504  
Total Hong Kong

 

     447,443  
Singapore – 0.1%      
Entertainment – 0.1%

 

IGG, Inc.

     131,000        181,568  
TOTAL COMMON STOCKS
(Cost: $142,633,937)

 

     143,562,256  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.7%

 

United States – 0.7%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $1,057,470)(d)      1,057,470        1,057,470  
TOTAL INVESTMENTS IN SECURITIES – 100.6%
(Cost: $143,691,407)

 

     144,619,726  

Other Assets less Liabilities – (0.6)%

 

     (921,019
     

 

 

 
NET ASSETS – 100.0%

 

   $ 143,698,707  
* 

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 $397,087, which represents 0.3% 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, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $6,079,058 and the total market value of the collateral held by the Fund was $6,250,510. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,193,040.

ADR – American Depositary Receipt

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
Argentina – 1.6%      

MercadoLibre, Inc.*

     1,073      $ 544,794  
Brazil – 4.4%

 

Cia Brasileira de Distribuicao (Preference Shares)

     8,244        193,745  

Hypera S.A.

     17,845        118,762  

Lojas Renner S.A.

     20,368        229,236  

Magazine Luiza S.A.

     4,075        180,991  

Porto Seguro S.A.

     9,505        131,473  

Raia Drogasil S.A.

     8,825        148,077  

Sul America S.A.

     20,178        154,509  

Telefonica Brasil S.A. (Preference Shares)

     14,648        178,786  

TIM Participacoes S.A.

     53,446        161,916  
     

 

 

 
Total Brazil

 

     1,497,495  
Chile – 1.3%      

Cia Cervecerias Unidas S.A.

     19,412        277,914  

Embotelladora Andina S.A. Class B, (Preference Shares)

     42,375        154,748  
     

 

 

 
Total Chile

 

     432,662  
China – 31.8%      

3SBio, Inc.(a)

     51,000        100,311  

58.com, Inc. ADR*

     1,409        92,543  

Alibaba Group Holding Ltd. ADR*

     3,911        713,562  

Alibaba Health Information Technology Ltd.*(b)

     86,000        99,366  

Anhui Conch Cement Co., Ltd. Class H

     16,000        97,733  

ANTA Sports Products Ltd.

     27,289        185,636  

Autohome, Inc. ADR*(b)

     1,850        194,472  

BAIC Motor Corp., Ltd. Class H(a)

     141,787        92,659  

Baidu, Inc. ADR*

     1,154        190,237  

Baozun, Inc. ADR*(b)

     2,007        83,371  

Brilliance China Automotive Holdings Ltd.

     100,000        99,109  

BYD Electronic International Co., Ltd.(b)

     67,000        86,375  

China Communications Services Corp., Ltd. Class H

     86,000        76,688  

China Evergrande Group(b)

     33,000        109,720  

China International Travel Service Corp., Ltd. Class A

     9,000        93,854  

China Jinmao Holdings Group Ltd.

     188,000        122,620  

China Longyuan Power Group Corp., Ltd. Class H

     117,000        81,379  

China Medical System Holdings Ltd.

     66,000        63,983  

China Mengniu Dairy Co., Ltd.*

     38,000        141,351  

China Merchants Bank Co., Ltd. Class H

     28,000        136,077  

China Mobile Ltd.

     25,000        254,779  

China Resources Beer Holdings Co., Ltd.

     22,000        92,625  

China Resources Gas Group Ltd.

     18,000        84,841  

China Resources Land Ltd.

     24,000        107,618  

China Taiping Insurance Holdings Co., Ltd.

     25,600        76,311  

China Telecom Corp., Ltd. Class H

     182,000        101,086  

China Traditional Chinese Medicine Holdings Co., Ltd.

     112,000        66,630  

China Unicom Hong Kong Ltd.

     86,000        109,007  

Chong Sing Holdings FinTech Group*(b)

     1,488,000        12,321  

Country Garden Holdings Co., Ltd.

     88,000        137,438  

CSPC Pharmaceutical Group Ltd.

     54,000      100,434  

Ctrip.com International Ltd. ADR*

     3,636        158,857  

Dali Foods Group Co., Ltd.(a)

     103,500        77,395  

Dongfeng Motor Group Co., Ltd. Class H

     78,000        78,100  

ENN Energy Holdings Ltd.

     10,000        96,688  

Focus Media Information Technology Co., Ltd. Class A

     49,100        45,811  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     7,100        91,600  

Fuyao Glass Industry Group Co., Ltd. Class A

     18,800        68,064  

Fuyao Glass Industry Group Co., Ltd. Class H(a)

     37,200        124,870  

Geely Automobile Holdings Ltd.

     64,876        123,968  

Gree Electric Appliances, Inc. of Zhuhai Class A

     11,100        77,978  

Greentown China Holdings Ltd.

     97,500        97,376  

Guangzhou Automobile Group Co., Ltd. Class H

     84,000        99,196  

Guangzhou R&F Properties Co., Ltd. Class H

     48,400        104,693  

Haier Electronics Group Co., Ltd.*

     42,000        121,988  

Hangzhou Hikvision Digital Technology Co., Ltd. Class A

     19,100        99,675  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     15,100        58,084  

Hengan International Group Co., Ltd.

     11,500        100,790  

HengTen Networks Group Ltd.*(b)

     1,928,000        58,454  

Huaneng Renewables Corp., Ltd. Class H

     298,000        82,757  

Huayu Automotive Systems Co., Ltd. Class A

     16,600        50,342  

Huazhu Group Ltd. ADR

     2,811        118,456  

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A

     4,300        83,451  

Kingboard Holdings Ltd.

     30,000        106,434  

Kingboard Laminates Holdings Ltd.

     82,500        86,704  

Kingdee International Software Group Co., Ltd.

     111,000        128,393  

Kweichow Moutai Co., Ltd. Class A

     1,700        216,033  

Legend Holdings Corp. Class H(a)

     26,700        70,917  

Logan Property Holdings Co., Ltd.

     78,126        129,381  

Longfor Group Holdings Ltd.

     34,410        121,203  

LONGi Green Energy Technology Co., Ltd. Class A

     26,600        103,309  

Luzhou Laojiao Co., Ltd. Class A

     8,300        82,232  

Momo, Inc. ADR*

     3,364        128,639  

NetEase, Inc. ADR

     473        114,206  

Nexteer Automotive Group Ltd.

     61,000        75,376  

Ninestar Corp. Class A

     15,551        72,916  

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

     10,000        114,729  

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

     21,129        236,592  

Qingdao Haier Co., Ltd. Class A

     24,900        63,397  

RiseSun Real Estate Development Co., Ltd. Class A

     44,500        74,496  

Sanan Optoelectronics Co., Ltd. Class A

     25,500        55,666  

Shanghai 2345 Network Holding Group Co., Ltd. Class A

     88,400        79,715  

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A

     9,900        89,083  

Shenzhou International Group Holdings Ltd.

     13,000        174,218  

SSY Group Ltd.

     108,000        100,434  

Sun Art Retail Group Ltd.

     86,500        84,297  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2019

 

 

 

Investments    Shares      Value  

Sunac China Holdings Ltd.

     35,000      $ 174,332  

Suning.com Co., Ltd. Class A

     40,900        76,381  

Sunny Optical Technology Group Co., Ltd.

     9,000        107,485  

TAL Education Group ADR*

     4,113        148,397  

Tencent Holdings Ltd.

     19,000        873,764  

Tianma Microelectronics Co., Ltd. Class A

     28,000        64,498  

Tingyi Cayman Islands Holding Corp.

     66,000        108,796  

TravelSky Technology Ltd. Class H

     35,000        92,516  

Uni-President China Holdings Ltd.

     83,000        81,415  

Weibo Corp. ADR*

     1,727        107,057  

Weifu High-Technology Group Co., Ltd. Class A

     17,900        61,503  

Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. Class A

     30,800        63,706  

Wuliangye Yibin Co., Ltd. Class A

     9,100        128,642  

Yonyou Network Technology Co., Ltd. Class A

     16,600        83,739  

Yuzhou Properties Co., Ltd.

     204,000        123,180  

Zhongsheng Group Holdings Ltd.

     46,500        115,392  
     

 

 

 
Total China

 

     10,941,902  
Hungary – 0.4%      

Richter Gedeon Nyrt

     7,826        147,536  
India – 11.5%

 

Axis Bank Ltd.*

     20,204        226,684  

Bajaj Auto Ltd.

     4,765        200,237  

Britannia Industries Ltd.

     4,052        180,476  

Cadila Healthcare Ltd.

     25,925        129,878  

Cipla Ltd.

     16,650        127,119  

Dabur India Ltd.

     30,177        178,078  

Eicher Motors Ltd.

     637        188,941  

GAIL India Ltd.

     34,527        173,271  

Godrej Consumer Products Ltd.

     20,598        203,973  

Hindustan Unilever Ltd.

     10,192        251,111  

ICICI Bank Ltd.

     34,015        196,651  

ITC Ltd.

     45,228        194,067  

JSW Steel Ltd.

     32,159        136,040  

Mahindra & Mahindra Ltd.

     23,585        229,432  

Marico Ltd.

     36,761        183,951  

Maruti Suzuki India Ltd.

     2,025        195,048  

Nestle India Ltd.

     1,610        254,740  

Page Industries Ltd.

     576        207,636  

Tech Mahindra Ltd.

     19,172        214,732  

Titan Co., Ltd.

     17,442        287,494  
     

 

 

 
Total India

 

     3,959,559  
Indonesia – 1.8%      

Charoen Pokphand Indonesia Tbk PT

     562,400        252,764  

Gudang Garam Tbk PT

     31,853        186,107  

Indofood CBP Sukses Makmur Tbk PT

     265,800        174,058  

Tiga Pilar Sejahtera Food Tbk PT*

     538,700        3,178  
     

 

 

 
Total Indonesia

 

     616,107  
Malaysia – 4.1%      

Astro Malaysia Holdings Bhd

     434,400        162,800  

CIMB Group Holdings Bhd

     129,100        162,857  

DiGi.Com Bhd

     159,800        178,099  

FGV Holdings Bhd*

     454,000      131,224  

Genting Malaysia Bhd

     145,300        113,891  

Hong Leong Financial Group Bhd

     32,700        153,628  

IOI Corp. Bhd

     142,400        155,567  

Maxis Bhd

     123,400        162,015  

My EG Services Bhd

     577,900        199,593  
     

 

 

 
Total Malaysia

 

     1,419,674  
Mexico – 4.1%      

Alsea S.A.B. de C.V.

     69,258        145,210  

Arca Continental S.A.B. de C.V.

     26,481        147,616  

El Puerto de Liverpool S.A.B. de C.V. Class C1

     22,118        140,365  

Fomento Economico Mexicano S.A.B. de C.V.

     29,001        267,845  

Gruma S.A.B. de C.V. Class B

     13,285        135,744  

Grupo Bimbo S.A.B. de C.V. Series A

     83,806        175,324  

Grupo Financiero Banorte S.A.B. de C.V. Class O

     34,794        189,311  

Wal-Mart de Mexico S.A.B. de C.V.

     83,553        223,641  
     

 

 

 
Total Mexico

 

     1,425,056  
Philippines – 2.9%      

Ayala Land, Inc.

     266,500        227,877  

Globe Telecom, Inc.

     4,490        165,714  

Jollibee Foods Corp.

     39,270        237,071  

Megaworld Corp.

     1,748,300        193,109  

Universal Robina Corp.

     57,410        166,184  
     

 

 

 
Total Philippines

 

     989,955  
Poland – 1.0%      

Alior Bank S.A.*

     9,283        144,674  

LPP S.A.

     87        188,916  
     

 

 

 
Total Poland

 

     333,590  
Russia – 1.7%      

Mobile TeleSystems PJSC ADR

     20,352        153,861  

Tatneft PJSC ADR

     3,323        229,952  

X5 Retail Group N.V. GDR Reg S

     7,588        189,093  
     

 

 

 
Total Russia

 

     572,906  
South Africa – 5.9%      

Capitec Bank Holdings Ltd.

     2,344        219,425  

Clicks Group Ltd.

     13,621        173,988  

Foschini Group Ltd. (The)

     14,012        158,374  

MultiChoice Group Ltd.*

     3,416        28,591  

Naspers Ltd. Class N

     3,416        789,293  

Pick n Pay Stores Ltd.

     38,761        178,495  

SPAR Group Ltd. (The)

     13,788        183,454  

Tiger Brands Ltd.

     9,438        173,429  

Truworths International Ltd.

     29,009        139,581  
     

 

 

 
Total South Africa

 

     2,044,630  
South Korea – 10.4%      

Celltrion, Inc.*

     680        108,431  

Cheil Worldwide, Inc.

     5,899        125,765  

CJ CheilJedang Corp.

     432        122,928  

CJ ENM Co., Ltd.

     486        99,760  

Coway Co., Ltd.

     1,461        121,632  

E-Mart, Inc.

     590        89,402  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

March 31, 2019

 

 

 

Investments    Shares      Value  

Hotel Shilla Co., Ltd.

     2,087      $ 175,403  

Industrial Bank of Korea

     8,012        99,171  

Kakao Corp.

     1,224        111,606  

KB Financial Group, Inc.

     3,183        117,354  

KT Corp. ADR

     6,361        79,131  

LG Electronics, Inc.

     1,757        116,246  

LG Household & Health Care Ltd.

     135        168,527  

LG Household & Health Care Ltd. (Preference Shares)

     156        114,894  

LG Uplus Corp.

     6,533        88,922  

NAVER Corp.

     1,294        141,358  

NCSoft Corp.

     440        192,265  

Samsung Electro-Mechanics Co., Ltd.

     979        90,129  

Samsung Electronics Co., Ltd.

     19,847        780,696  

Samsung SDS Co., Ltd.

     711        147,199  

Shinsegae, Inc.

     413        122,798  

SK Hynix, Inc.

     3,974        259,775  

SK Telecom Co., Ltd.

     488        108,124  
     

 

 

 
Total South Korea

 

     3,581,516  
Taiwan – 11.6%      

Acer, Inc.*

     124,000        79,460  

Advantech Co., Ltd.

     12,000        99,674  

Chailease Holding Co., Ltd.

     33,000        134,910  

Chicony Electronics Co., Ltd.

     50,000        116,319  

China Development Financial Holding Corp.

     269,000        89,898  

China Life Insurance Co., Ltd.

     87,000        73,816  

Giant Manufacturing Co., Ltd.

     21,000        149,900  

Globalwafers Co., Ltd.

     12,000        117,973  

Macronix International

     143,000        96,971  

Micro-Star International Co., Ltd.

     50,000        140,329  

Nanya Technology Corp.

     62,000        123,515  

Novatek Microelectronics Corp.

     20,000        128,486  

Pou Chen Corp.

     88,000        107,214  

President Chain Store Corp.

     11,000        108,321  

Realtek Semiconductor Corp.

     28,000        165,345  

Ruentex Development Co., Ltd.

     65,680        99,307  

Ruentex Industries Ltd.

     39,000        102,370  

Standard Foods Corp.

     43,000        72,270  

Synnex Technology International Corp.

     82,000        98,441  

Taiwan Cement Corp.

     71,000        95,026  

Taiwan Mobile Co., Ltd.

     26,000        94,061  

Taiwan Semiconductor Manufacturing Co., Ltd.

     88,000        700,962  

Uni-President Enterprises Corp.

     55,000        133,483  

United Microelectronics Corp.

     220,000        83,159  

Vanguard International Semiconductor Corp.

     43,000        92,779  

Walsin Technology Corp.(b)

     26,000        168,719  

Winbond Electronics Corp.

     236,000        112,944  

Wistron Corp.

     133,000        102,273  

WPG Holdings Ltd.

     72,000        93,912  

Yageo Corp.

     9,000        94,320  

Yuanta Financial Holding Co., Ltd.

     178,000        101,358  
     

 

 

 
Total Taiwan

 

     3,977,515  
Thailand – 4.5%      

Advanced Info Service PCL NVDR

     32,000      185,537  

Berli Jucker PCL NVDR

     91,700        143,033  

Central Pattana PCL NVDR

     81,000        186,962  

CP ALL PCL NVDR

     111,900        263,574  

Electricity Generating PCL NVDR

     23,800        218,989  

Home Product Center PCL NVDR

     443,100        213,626  

Robinson PCL NVDR

     81,000        149,953  

True Corp. PCL NVDR

     1,348,600        202,279  
     

 

 

 
Total Thailand

 

     1,563,953  
Turkey – 0.7%

 

BIM Birlesik Magazalar AS

     6,746        90,988  

Ford Otomotiv Sanayi AS

     8,945        77,233  

Tofas Turk Otomobil Fabrikasi AS

     26,904        81,480  
     

 

 

 
Total Turkey

 

     249,701  
TOTAL COMMON STOCKS
(Cost: $30,848,448)

 

     34,298,551  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%

 

United States – 0.9%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $307,985)(d)      307,985        307,985  
TOTAL INVESTMENTS IN SECURITIES – 100.6%
(Cost: $31,156,433)

 

     34,606,536  

Other Assets less Liabilities – (0.6)%

 

     (192,190
  

 

 

 
NET ASSETS – 100.0%

 

   $ 34,414,346  
* 

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 $3,178, which represents 0.01% of net assets.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $655,926 and the total market value of the collateral held by the Fund was $758,405. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $450,420.

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.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

Brazil – 4.7%

 

Ambev S.A.

     405,522      $ 1,753,716  

B2W Cia Digital*

     12,826        139,146  

B3 S.A. – Brasil Bolsa Balcao

     185,684        1,532,536  

Banco Bradesco S.A.

     77,923        757,866  

Banco Santander Brasil S.A.

     31,263        353,222  

BR Malls Participacoes S.A.

     79,510        256,813  

BRF S.A.*

     75,143        437,338  

CCR S.A.

     85,461        257,808  

Cia Siderurgica Nacional S.A.*

     59,243        247,372  

Cosan S.A.

     19,903        218,121  

CVC Brasil Operadora e Agencia de Viagens S.A.

     12,400        174,448  

Embraer S.A.

     70,585        334,634  

Energisa S.A.

     18,000        187,553  

Engie Brasil Energia S.A.

     24,960        273,927  

Equatorial Energia S.A.

     13,444        276,363  

Estacio Participacoes S.A.

     29,360        200,677  

Hypera S.A.

     32,023        213,119  

Itau Unibanco Holding S.A.

     23,529        180,472  

Itausa – Investimentos Itau S.A.

     46,559        175,387  

Klabin S.A.

     76,071        332,885  

Kroton Educacional S.A.

     144,677        394,063  

Localiza Rent a Car S.A.

     45,567        387,092  

Lojas Renner S.A.

     54,533        613,754  

M. Dias Branco S.A.

     10,740        119,910  

Magazine Luiza S.A.

     5,150        228,738  

Multiplan Empreendimentos Imobiliarios S.A.

     24,180        145,327  

Natura Cosmeticos S.A.

     15,573        181,632  

Oi S.A.*

     285,339        111,446  

Pagseguro Digital Ltd. Class A*

     16,050        479,093  

Porto Seguro S.A.

     9,650        133,479  

Raia Drogasil S.A.

     25,894        434,483  

Rumo S.A.*

     97,964        482,054  

Sul America S.A.

     30,559        234,000  

Suzano Papel e Celulose S.A.

     60,847        727,813  

TIM Participacoes S.A.

     68,802        208,437  

Transmissora Alianca de Energia Eletrica S.A.

     33,699        214,748  

Ultrapar Participacoes S.A.

     50,703        612,339  

WEG S.A.

     68,808        318,253  
     

 

 

 
Total Brazil

 

     14,330,064  
Chile – 1.1%      

Aguas Andinas S.A. Class A

     237,660        135,127  

AntarChile S.A.

     7,873        105,905  

Banco de Chile

     2,124,554        312,809  

Banco de Credito e Inversiones S.A.

     3,597        229,963  

Banco Santander Chile

     4,081,558        307,043  

Cencosud S.A.

     112,387        194,575  

Colbun S.A.

     587,442        132,773  

Empresas CMPC S.A.

     72,400        255,351  

Empresas COPEC S.A.

     27,556        349,875  

Enel Americas S.A.

     1,535,431        272,981  

Enel Chile S.A.

     2,025,238        212,204  

Itau CorpBanca

     13,490,360      118,949  

Latam Airlines Group S.A.

     18,924        201,205  

S.A.C.I. Falabella

     36,927        274,588  

Sociedad Matriz del Banco de Chile S.A. Class B

     263,866        128,584  
     

 

 

 
Total Chile

 

     3,231,932  
China – 36.1%      

51job, Inc. ADR*(a)

     2,994        233,173  

58.com, Inc. ADR*

     8,957        588,296  

AAC Technologies Holdings, Inc.

     75,000        443,793  

Agile Group Holdings Ltd.

     176,000        284,741  

Aier Eye Hospital Group Co., Ltd. Class A

     55,500        280,795  

Alibaba Group Holding Ltd. ADR*

     121,340        22,138,483  

Alibaba Pictures Group Ltd.*(a)

     1,300,000        230,193  

ANTA Sports Products Ltd.

     96,000        653,049  

Autohome, Inc. ADR*

     5,712        600,445  

Baidu, Inc. ADR*

     26,785        4,415,507  

Baozun, Inc. ADR*(a)

     4,150        172,391  

BYD Co., Ltd. Class A

     30,300        241,175  

BYD Co., Ltd. Class H(a)

     60,000        361,531  

Chaozhou Three-Circle Group Co., Ltd. Class A

     43,200        133,325  

China Biologic Products Holdings, Inc.*

     2,661        242,816  

China Conch Venture Holdings Ltd.

     192,900        690,513  

China Evergrande Group(a)

     300,000        997,459  

China First Capital Group Ltd.*

     334,000        176,574  

China Fortune Land Development Co., Ltd. Class A

     51,864        239,401  

China Hongqiao Group Ltd.

     206,000        155,091  

China Literature Ltd.*(a)(b)

     39,000        182,581  

China Medical System Holdings Ltd.

     129,000        125,057  

China Minsheng Banking Corp., Ltd. Class A

     1,322,093        1,247,295  

China Minsheng Banking Corp., Ltd. Class H

     645,500        468,710  

China Yongda Automobiles Services Holdings Ltd.

     160,500        127,174  

CIFI Holdings Group Co., Ltd.

     416,000        315,314  

Country Garden Holdings Co., Ltd.

     753,000        1,176,030  

CSPC Pharmaceutical Group Ltd.

     442,000        822,069  

Ctrip.com International Ltd. ADR*

     30,931        1,351,375  

Dali Foods Group Co., Ltd.(b)

     198,500        148,433  

East Money Information Co., Ltd. Class A

     153,960        443,996  

ENN Energy Holdings Ltd.

     72,800        703,892  

Fangda Carbon New Material Co., Ltd. Class A

     44,900        150,932  

Focus Media Information Technology Co., Ltd. Class A

     305,800        285,314  

Foshan Haitian Flavouring & Food Co., Ltd. Class A

     20,500        264,479  

Fosun International Ltd.

     244,500        414,251  

Fullshare Holdings Ltd.*(a)

     112,500        15,048  

Fuyao Glass Industry Group Co., Ltd. Class A

     43,400        157,127  

Fuyao Glass Industry Group Co., Ltd. Class H(b)

     42,400        142,324  

GDS Holdings Ltd. ADR*(a)

     6,950        248,045  

Geely Automobile Holdings Ltd.

     517,000        987,904  

Gemdale Corp. Class A

     126,700        259,237  

Genscript Biotech Corp.*

     98,000        185,015  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2019

 

 

 

Investments    Shares      Value  

GOME Retail Holdings Ltd.*(a)

     1,279,000      $ 118,940  

Great Wall Motor Co., Ltd. Class H(a)

     256,500        192,458  

Guangzhou R&F Properties Co., Ltd. Class H

     122,800        265,625  

Haier Electronics Group Co., Ltd.*

     126,000        365,964  

Haitian International Holdings Ltd.

     75,000        170,447  

Hanergy Thin Film Power Group Ltd.*

     102,000        0  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     36,500        140,401  

Hengan International Group Co., Ltd.

     71,000        622,271  

Hengtong Optic-electric Co., Ltd. Class A

     66,560        210,173  

Hollysys Automation Technologies Ltd.

     6,450        135,063  

Huadong Medicine Co., Ltd. Class A

     31,600        153,434  

Huazhu Group Ltd. ADR

     10,476        441,459  

Hundsun Technologies, Inc. Class A

     19,800        257,982  

Iflytek Co., Ltd. Class A

     73,250        395,560  

iQIYI, Inc. ADR*(a)

     12,200        291,824  

JD.com, Inc. ADR*

     72,820        2,195,523  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     85,966        836,864  

Jiayuan International Group Ltd.

     46,000        24,319  

Kangmei Pharmaceutical Co., Ltd. Class A

     107,700        167,475  

Kingboard Holdings Ltd.

     66,000        234,154  

Kingdee International Software Group Co., Ltd.

     198,000        229,026  

Kingsoft Corp., Ltd.

     112,000        284,781  

KWG Group Holdings Ltd.

     142,500        171,909  

Lee & Man Paper Manufacturing Ltd.

     131,000        111,643  

Lepu Medical Technology Beijing Co., Ltd. Class A

     41,900        165,226  

Li Ning Co., Ltd.*

     159,000        249,540  

Logan Property Holdings Co., Ltd.

     184,000        304,715  

Longfor Group Holdings Ltd.

     169,500        597,032  

LONGi Green Energy Technology Co., Ltd. Class A

     71,993        279,607  

Luxshare Precision Industry Co., Ltd. Class A

     83,930        309,732  

Luye Pharma Group Ltd.(a)(b)

     168,000        146,814  

Meinian Onehealth Healthcare Holdings Co., Ltd. Class A

     61,300        169,573  

Minth Group Ltd.

     80,000        251,721  

Momo, Inc. ADR*

     14,434        551,956  

NetEase, Inc. ADR

     6,590        1,591,155  

New Oriental Education & Technology Group, Inc. ADR*

     11,970        1,078,377  

Nine Dragons Paper Holdings Ltd.

     151,000        143,884  

OFILM Group Co., Ltd. Class A

     86,700        183,200  

Ping An Bank Co., Ltd. Class A

     336,800        642,507  

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

     417,800        4,793,366  

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

     506,500        5,671,546  

Qingdao Haier Co., Ltd. Class A

     147,500        375,543  

Sanan Optoelectronics Co., Ltd. Class A

     97,700        213,276  

Sany Heavy Industry Co., Ltd. Class A

     210,300        399,934  

SF Holding Co., Ltd. Class A

     22,900        124,788  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     280,000        267,518  

Shanghai Fosun Pharmaceutical Group Co., Ltd. Class A

     66,100        292,917  

Shenzhen Inovance Technology Co., Ltd. Class A

     42,400      165,494  

Shenzhou International Group Holdings Ltd.

     75,600        1,013,143  

Shimao Property Holdings Ltd.

     118,000        369,034  

Sichuan Kelun Pharmaceutical Co., Ltd. Class A

     40,200        173,178  

Sino Biopharmaceutical Ltd.

     631,000        575,540  

SSY Group Ltd.

     196,000        182,269  

Sun Art Retail Group Ltd.

     204,500        199,291  

Sunac China Holdings Ltd.

     232,000        1,155,574  

Suning.com Co., Ltd. Class A

     129,100        241,095  

Sunny Optical Technology Group Co., Ltd.

     66,400        792,999  

TAL Education Group ADR*

     34,190        1,233,575  

Tasly Pharmaceutical Group Co., Ltd. Class A

     33,509        112,292  

TBEA Co., Ltd. Class A

     174,651        215,189  

TCL Corp. Class A

     613,400        370,585  

Tencent Holdings Ltd.

     535,600        24,630,934  

Tianqi Lithium Corp. Class A

     36,665        191,831  

Tingyi Cayman Islands Holding Corp.

     174,000        286,825  

Tonghua Dongbao Pharmaceutical Co., Ltd. Class A

     51,730        133,632  

Tunghsu Optoelectronic Technology Co., Ltd. Class A

     171,500        154,141  

Uni-President China Holdings Ltd.

     140,000        137,326  

Vipshop Holdings Ltd. ADR*

     36,031        289,329  

Walvax Biotechnology Co., Ltd. Class A*

     42,000        159,370  

Want Want China Holdings Ltd.

     633,000        525,756  

Weibo Corp. ADR*(a)

     7,218        447,444  

Wens Foodstuffs Group Co., Ltd. Class A

     125,400        757,602  

WH Group Ltd.(b)

     804,000        860,337  

Wuxi Biologics Cayman, Inc.*(b)

     50,500        491,172  

Xinyi Glass Holdings Ltd.

     234,000        268,282  

Yonghui Superstores Co., Ltd. Class A

     140,100        180,123  

Yonyou Network Technology Co., Ltd. Class A

     50,000        252,225  

Yuexiu Property Co., Ltd.

     1,296,000        312,033  

Yum China Holdings, Inc.

     33,887        1,521,865  

YY, Inc. ADR*

     4,176        350,826  

Zall Smart Commerce Group Ltd.*(a)

     240,000        93,860  

Zhejiang Dahua Technology Co., Ltd. Class A

     49,700        121,436  

Zhejiang Longsheng Group Co., Ltd. Class A

     109,700        280,771  

Zhongsheng Group Holdings Ltd.

     57,500        142,689  

ZTO Express Cayman, Inc. ADR

     32,367        591,669  
     

 

 

 
Total China

 

     110,302,311  
Czech Republic – 0.1%      

Komercni Banka AS

     9,916        405,177  
Hong Kong – 0.1%      

Chow Tai Fook Jewellery Group Ltd.

     169,800        171,748  

United Energy Group Ltd.(a)

     880,000        170,396  
     

 

 

 
Total Hong Kong

 

     342,144  
Hungary – 0.4%      

OTP Bank Nyrt

     25,354        1,115,275  
India – 9.9%      

Adani Ports & Special Economic Zone Ltd.

     68,698        375,000  

Ambuja Cements Ltd.

     82,659        280,760  

Apollo Hospitals Enterprise Ltd.

     7,080        125,462  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Ashok Leyland Ltd.

     121,898      $ 160,654  

Asian Paints Ltd.

     25,436        548,081  

Aurobindo Pharma Ltd.

     22,166        250,937  

Avenue Supermarts Ltd.*(b)

     8,257        175,343  

Bajaj Auto Ltd.

     6,012        252,639  

Bajaj Finserv Ltd.

     3,234        328,514  

Bharti Airtel Ltd.

     110,746        532,508  

Bharti Infratel Ltd.

     66,901        302,660  

Biocon Ltd.

     13,183        116,187  

Bosch Ltd.

     731        191,889  

Britannia Industries Ltd.

     4,998        222,610  

Cadila Healthcare Ltd.

     20,856        104,483  

Cipla Ltd.

     28,952        221,042  

Dabur India Ltd.

     44,945        265,226  

Divi’s Laboratories Ltd.

     6,266        154,047  

Dr. Reddy’s Laboratories Ltd.

     6,568        263,597  

Eicher Motors Ltd.

     1,032        306,102  

Glenmark Pharmaceuticals Ltd.

     15,243        142,407  

Godrej Consumer Products Ltd.

     33,909        335,786  

Havells India Ltd.

     22,694        253,066  

HCL Technologies Ltd.

     46,525        730,330  

HDFC Life Insurance Co., Ltd.(b)

     32,888        179,691  

Hero MotoCorp Ltd.

     7,080        260,935  

Hindalco Industries Ltd.

     83,133        246,609  

Hindustan Unilever Ltd.

     50,378        1,241,215  

ICICI Bank Ltd. ADR

     104,822        1,201,260  

ICICI Prudential Life Insurance Co., Ltd.(b)

     32,299        163,302  

Indiabulls Ventures Ltd.

     24,197        113,921  

Infosys Ltd. ADR

     236,826        2,588,508  

JSW Steel Ltd.

     87,734        371,136  

Kotak Mahindra Bank Ltd.

     58,147        1,120,132  

Lupin Ltd.

     18,575        198,312  

Mahindra & Mahindra Ltd.

     48,555        472,338  

Marico Ltd.

     56,075        280,598  

Maruti Suzuki India Ltd.

     8,135        783,561  

Mindtree Ltd.

     11,424        155,756  

Motherson Sumi Systems Ltd.

     80,855        174,724  

Mphasis Ltd.

     9,625        137,703  

Nestle India Ltd.

     1,917        303,315  

Oracle Financial Services Software Ltd.

     2,519        123,188  

Page Industries Ltd.

     522        188,171  

Pidilite Industries Ltd.

     12,533        225,467  

Piramal Enterprises Ltd.

     7,076        282,248  

Reliance Industries Ltd. GDR(b)

     162,275        6,507,228  

Shree Cement Ltd.

     845        227,704  

Sun Pharmaceutical Industries Ltd.

     82,733        571,876  

Tata Consultancy Services Ltd.

     71,427        2,063,831  

Tata Steel Ltd.

     23,985        180,385  

Tech Mahindra Ltd.

     39,521        442,647  

Titan Co., Ltd.

     21,957        361,914  

UltraTech Cement Ltd.

     8,463        488,460  

United Spirits Ltd.*

     23,977        191,712  

UPL Ltd.

     28,215        390,530  

Vedanta Ltd.

     133,007        354,141  

Wipro Ltd.

     112,708      414,551  

Yes Bank Ltd.

     96,405        382,837  

Zee Entertainment Enterprises Ltd.

     40,206        258,560  
     

 

 

 
Total India

 

     30,287,796  
Indonesia – 2.1%      

Adaro Energy Tbk PT

     2,339,600        220,981  

Astra International Tbk PT

     1,963,600        1,010,068  

Bank Central Asia Tbk PT

     1,143,000        2,227,405  

Charoen Pokphand Indonesia Tbk PT

     724,100        325,438  

Gudang Garam Tbk PT

     40,400        236,045  

Hanjaya Mandala Sampoerna Tbk PT

     898,500        236,613  

Indah Kiat Pulp & Paper Corp. Tbk PT

     305,600        184,562  

Indocement Tunggal Prakarsa Tbk PT

     201,800        310,353  

Indofood CBP Sukses Makmur Tbk PT

     241,700        158,276  

Indofood Sukses Makmur Tbk PT

     556,200        249,001  

Kalbe Farma Tbk PT

     2,165,700        231,170  

Matahari Department Store Tbk PT

     190,900        54,830  

Pabrik Kertas Tjiwi Kimia Tbk PT

     138,300        107,076  

Unilever Indonesia Tbk PT

     118,400        409,287  

United Tractors Tbk PT

     224,500        426,455  
     

 

 

 
Total Indonesia

 

     6,387,560  
Malaysia – 2.0%      

AirAsia Group Bhd

     337,100        219,641  

Genting Malaysia Bhd

     539,700        423,035  

HAP Seng Consolidated Bhd

     105,100        254,866  

Hartalega Holdings Bhd

     271,800        308,251  

Hong Leong Bank Bhd

     105,208        523,141  

Hong Leong Financial Group Bhd

     51,900        243,832  

Nestle Malaysia Bhd

     8,300        298,454  

Press Metal Aluminium Holdings Bhd

     405,000        447,410  

Public Bank Bhd

     444,800        2,523,348  

QL Resources Bhd

     131,700        221,946  

Top Glove Corp. Bhd

     248,800        281,557  

YTL Corp. Bhd

     897,958        233,150  
     

 

 

 
Total Malaysia

 

     5,978,631  
Mexico – 2.5%      

Alfa S.A.B. de C.V. Class A

     217,477        231,295  

America Movil S.A.B. de C.V. Series L

     1,311,587        938,514  

Arca Continental S.A.B. de C.V.

     27,002        150,521  

Banco Santander Mexico S.A. Institucion de Banca Multiple Grupo Financiero Santander Class B

     135,238        184,965  

Cemex S.A.B. de C.V. Series CPO*

     939,860        439,466  

Coca-Cola Femsa S.A.B. de C.V. Series L

     34,120        225,696  

El Puerto de Liverpool S.A.B. de C.V. Class C1

     17,466        110,842  

Fomento Economico Mexicano S.A.B. de C.V.

     107,155        989,654  

Gruma S.A.B. de C.V. Class B

     13,350        136,408  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     25,970        146,843  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     25,769        228,922  

Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B

     12,390        200,335  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Grupo Bimbo S.A.B. de C.V. Series A

     105,668      $ 221,060  

Grupo Carso S.A.B. de C.V. Series A1

     35,704        140,423  

Grupo Financiero Banorte S.A.B. de C.V. Class O

     179,169        974,842  

Grupo Financiero Inbursa S.A.B. de C.V. Class O

     145,258        201,366  

Grupo Mexico S.A.B. de C.V. Series B

     217,925        599,483  

Grupo Televisa S.A.B. Series CPO

     129,052        286,014  

Industrias Penoles S.A.B. de C.V.

     9,590        119,930  

Infraestructura Energetica Nova S.A.B. de C.V.

     32,040        128,854  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A*

     98,964        168,056  

Mexichem S.A.B. de C.V.

     71,019        169,918  

Wal-Mart de Mexico S.A.B. de C.V.

     284,129        760,509  
     

 

 

 
Total Mexico

 

     7,753,916  
Philippines – 1.2%      

Aboitiz Equity Ventures, Inc.

     155,100        174,122  

Ayala Corp.

     15,945        285,437  

Ayala Land, Inc.

     391,200        334,505  

Bank of the Philippine Islands

     150,260        240,943  

BDO Unibank, Inc.

     126,273        321,754  

JG Summit Holdings, Inc.

     217,980        263,602  

Jollibee Foods Corp.

     25,610        154,606  

Manila Electric Co.

     23,390        169,267  

Metropolitan Bank & Trust Co.

     126,309        192,194  

PLDT, Inc.

     5,995        131,294  

SM Investments Corp.

     30,545        543,307  

SM Prime Holdings, Inc.

     688,700        523,312  

Universal Robina Corp.

     64,910        187,894  
     

 

 

 
Total Philippines

 

     3,522,237  
Poland – 1.1%      

Alior Bank S.A.*

     13,671        213,061  

Bank Millennium S.A.*

     88,978        207,484  

Bank Polska Kasa Opieki S.A.

     22,441        643,872  

CCC S.A.

     4,183        234,798  

CD Projekt S.A.*

     10,877        567,419  

Cyfrowy Polsat S.A.*

     36,872        246,977  

Dino Polska S.A.*(b)

     8,345        263,376  

LPP S.A.

     204        442,975  

mBank S.A.

     1,919        212,830  

Santander Bank Polska S.A.

     4,854        482,381  
     

 

 

 
Total Poland

 

     3,515,173  
Russia – 4.5%      

Globaltrans Investment PLC GDR Reg S

     16,458        175,113  

Lukoil PJSC ADR

     68,182        6,109,107  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     11,641        104,303  

MMC Norilsk Nickel PJSC ADR

     75,978        1,604,655  

Mobile TeleSystems PJSC ADR

     61,492        464,880  

Novatek PJSC GDR Reg S

     14,979        2,567,401  

Novolipetsk Steel PJSC GDR Reg S

     12,224        313,790  

PhosAgro PJSC GDR Reg S

     9,956        124,749  

Polymetal International PLC

     26,228        295,421  

Polyus PJSC GDR Reg S

     5,277        216,885  

Severstal PJSC GDR Reg S

     24,782        386,599  

X5 Retail Group N.V. GDR Reg S

     15,271        380,553  

Yandex N.V. Class A*

     29,153      1,001,114  
     

 

 

 
Total Russia

 

     13,744,570  
South Africa – 6.0%      

Absa Group Ltd.

     49,883        526,113  

Anglo American Platinum Ltd.

     3,588        183,154  

AngloGold Ashanti Ltd.

     24,615        327,017  

Aspen Pharmacare Holdings Ltd.

     5,851        37,724  

AVI Ltd.

     25,155        157,493  

Barloworld Ltd.

     16,144        142,171  

Bid Corp., Ltd.

     23,014        475,560  

Bidvest Group Ltd. (The)

     22,050        295,860  

Capitec Bank Holdings Ltd.

     4,450        416,570  

Clicks Group Ltd.

     20,050        256,109  

Discovery Ltd.

     33,937        321,926  

Exxaro Resources Ltd.

     23,084        263,074  

FirstRand Ltd.

     248,365        1,084,307  

Foschini Group Ltd. (The)

     18,305        206,897  

Gold Fields Ltd.

     50,140        185,245  

Impala Platinum Holdings Ltd.*

     51,580        218,177  

Imperial Logistics Ltd.

     23,933        99,358  

Investec Ltd.

     30,917        180,812  

Kumba Iron Ore Ltd.

     5,305        158,290  

Life Healthcare Group Holdings Ltd.

     106,295        197,830  

Mondi Ltd.

     10,044        222,021  

Motus Holdings Ltd.

     2,055        11,659  

Mr. Price Group Ltd.

     14,984        196,916  

MTN Group Ltd.(a)

     99,763        613,053  

MultiChoice Group Ltd.*

     32,474        271,794  

Naspers Ltd. Class N

     28,317        6,542,859  

Nedbank Group Ltd.

     17,005        296,253  

Netcare Ltd.

     98,385        159,299  

PSG Group Ltd.

     13,912        252,266  

Remgro Ltd.

     35,598        457,303  

Sanlam Ltd.

     131,405        672,094  

Sappi Ltd.

     44,175        204,162  

Shoprite Holdings Ltd.

     31,007        341,026  

SPAR Group Ltd. (The)

     16,092        214,110  

Standard Bank Group Ltd.

     87,589        1,125,014  

Tiger Brands Ltd.

     13,336        245,058  

Truworths International Ltd.

     32,933        158,462  

Vodacom Group Ltd.

     42,393        327,562  

Woolworths Holdings Ltd.

     59,967        193,275  
     

 

 

 
Total South Africa

 

     18,237,873  
South Korea – 13.9%      

Amorepacific Corp.

     2,441        405,364  

Amorepacific Group

     2,205        135,202  

BNK Financial Group, Inc.

     30,346        178,585  

Celltrion Healthcare Co., Ltd.*(a)

     3,814        224,452  

Celltrion, Inc.*

     6,418        1,023,397  

CJ CheilJedang Corp.

     658        187,238  

CJ Corp.

     1,376        150,922  

CJ Corp. (Preference Shares)*

     167        5,395  

CJ ENM Co., Ltd.

     768        157,646  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Coway Co., Ltd.

     3,818      $ 317,858  

DB Insurance Co., Ltd.

     3,508        212,316  

DGB Financial Group, Inc.

     20,474        147,364  

Doosan Corp.

     984        80,273  

E-Mart, Inc.

     1,394        211,231  

Fila Korea Ltd.

     3,315        227,795  

GS Engineering & Construction Corp.

     5,279        198,119  

GS Holdings Corp.

     5,070        235,835  

Hana Financial Group, Inc.

     19,591        628,238  

Hankook Tire Co., Ltd.

     5,679        187,365  

Hanmi Science Co., Ltd.

     1,967        134,125  

Hanon Systems

     10,578        105,771  

Hanwha Chemical Corp.

     9,374        172,599  

HLB, Inc.*

     2,418        170,417  

Hotel Shilla Co., Ltd.

     2,686        225,746  

Hyundai Department Store Co., Ltd.

     1,499        133,379  

Hyundai Engineering & Construction Co., Ltd.

     5,666        266,553  

Hyundai Glovis Co., Ltd.

     1,572        177,960  

Hyundai Heavy Industries Co., Ltd.*

     3,061        320,905  

Hyundai Heavy Industries Holdings Co., Ltd.

     648        190,101  

Hyundai Marine & Fire Insurance Co., Ltd.

     5,219        174,258  

Hyundai Merchant Marine Co., Ltd.*

     34,058        109,216  

Hyundai Motor Co.

     9,470        996,974  

Hyundai Steel Co.

     6,592        260,753  

Kakao Corp.

     3,621        330,168  

KB Financial Group, Inc.

     24,936        919,365  

Kia Motors Corp.

     17,114        532,975  

Korea Investment Holdings Co., Ltd.

     4,212        230,434  

Korea Zinc Co., Ltd.

     917        375,654  

Korean Air Lines Co., Ltd.

     4,751        133,309  

KT&G Corp.

     8,337        760,179  

LG Chem Ltd.

     3,266        1,053,084  

LG Corp.

     9,103        621,516  

LG Display Co., Ltd.

     12,302        211,337  

LG Electronics, Inc.

     6,897        456,316  

LG Household & Health Care Ltd.

     622        776,473  

LG Innotek Co., Ltd.

     1,184        122,562  

LG Uplus Corp.

     16,877        229,715  

Lotte Chemical Corp.

     993        254,133  

Lotte Corp.

     3,557        154,802  

Lotte Shopping Co., Ltd.

     769        120,590  

LS Corp.

     2,860        131,775  

Medy-Tox, Inc.

     368        189,268  

Mirae Asset Daewoo Co., Ltd.

     32,539        210,123  

NAVER Corp.

     8,887        970,829  

NCSoft Corp.

     1,153        503,822  

Netmarble Corp.(b)

     2,344        258,127  

NH Investment & Securities Co., Ltd.

     14,766        174,965  

OCI Co., Ltd.

     1,624        132,913  

Orion Corp.

     1,845        162,541  

POSCO

     5,140        1,145,644  

S-1 Corp.

     1,885        166,895  

Samsung Biologics Co., Ltd.*(b)

     1,096        308,494  

Samsung C&T Corp.

     6,268        590,852  

Samsung Electro-Mechanics Co., Ltd.

     3,846      354,072  

Samsung Electronics Co., Ltd.

     332,787        13,090,423  

Samsung Engineering Co., Ltd.*

     11,382        161,440  

Samsung Fire & Marine Insurance Co., Ltd.

     2,300        609,902  

Samsung Heavy Industries Co., Ltd.*

     32,244        234,636  

Samsung Life Insurance Co., Ltd.

     5,708        422,908  

Samsung SDS Co., Ltd.

     2,657        550,079  

Samsung Securities Co., Ltd.

     6,932        203,361  

Shinhan Financial Group Co., Ltd.

     31,273        1,157,137  

Shinsegae, Inc.

     744        221,214  

SillaJen, Inc.*(a)

     4,366        247,321  

SK Holdings Co., Ltd.

     2,287        545,004  

SK Hynix, Inc.

     34,556        2,258,880  

SK Innovation Co., Ltd.

     5,304        838,753  

SK Telecom Co., Ltd.

     2,518        557,904  

ViroMed Co., Ltd.*

     977        240,829  

Yuhan Corp.

     675        142,719  
     

 

 

 
Total South Korea

 

     42,418,794  
Taiwan – 11.1%      

Acer, Inc.*

     253,000        162,124  

Advantech Co., Ltd.

     27,000        224,266  

ASE Technology Holding Co., Ltd.*

     222,062        486,338  

Asia Cement Corp.

     166,000        215,980  

Asustek Computer, Inc.

     46,000        332,830  

AU Optronics Corp.

     638,000        234,951  

Catcher Technology Co., Ltd.

     57,000        438,312  

Cathay Financial Holding Co., Ltd.

     549,000        800,686  

Chang Hwa Commercial Bank Ltd.

     399,857        239,365  

Cheng Shin Rubber Industry Co., Ltd.

     135,000        183,749  

Chicony Electronics Co., Ltd.

     65,240        151,773  

China Development Financial Holding Corp.

     1,139,000        380,646  

China Life Insurance Co., Ltd.

     228,569        193,932  

Chroma ATE, Inc.

     34,000        161,613  

Compal Electronics, Inc.

     343,000        213,119  

CTBC Financial Holding Co., Ltd.

     1,381,672        916,766  

Delta Electronics, Inc.

     130,000        670,658  

E.Sun Financial Holding Co., Ltd.

     701,496        540,566  

Eclat Textile Co., Ltd.

     15,000        201,976  

Far Eastern New Century Corp.

     315,080        311,292  

Far EasTone Telecommunications Co., Ltd.

     112,000        270,002  

Feng TAY Enterprise Co., Ltd.

     28,000        198,050  

Formosa Chemicals & Fibre Corp.

     272,000        988,433  

Formosa Petrochemical Corp.

     176,000        659,561  

Formosa Plastics Corp.

     311,000        1,104,930  

Fubon Financial Holding Co., Ltd.

     448,000        668,646  

Highwealth Construction Corp.

     105,000        173,067  

Hiwin Technologies Corp.

     23,064        194,567  

Hon Hai Precision Industry Co., Ltd.

     838,068        1,998,605  

Hotai Motor Co., Ltd.

     24,000        293,960  

Innolux Corp.

     669,000        217,063  

Inventec Corp.

     239,000        181,845  

Largan Precision Co., Ltd.

     6,000        895,508  

Lite-On Technology Corp.

     202,015        293,972  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Macronix International

     138,742      $ 94,084  

MediaTek, Inc.

     111,000        1,017,423  

Nan Ya Plastics Corp.

     352,000        901,115  

Nanya Technology Corp.

     99,000        197,226  

Novatek Microelectronics Corp.

     46,000        295,518  

Pegatron Corp.

     141,000        243,841  

Pou Chen Corp.

     216,000        263,162  

Powertech Technology, Inc.

     76,000        179,517  

President Chain Store Corp.

     41,000        403,741  

Quanta Computer, Inc.

     186,000        348,820  

Realtek Semiconductor Corp.

     41,000        242,112  

Shin Kong Financial Holding Co., Ltd.

     847,454        249,668  

SinoPac Financial Holdings Co., Ltd.

     762,452        282,019  

Synnex Technology International Corp.

     121,000        145,260  

Taishin Financial Holding Co., Ltd.

     686,771        313,075  

Taiwan Cement Corp.

     268,600        359,493  

Taiwan Mobile Co., Ltd.

     112,000        405,185  

Taiwan Semiconductor Manufacturing Co., Ltd.

     1,265,000        10,076,329  

Tatung Co., Ltd.*

     134,000        105,650  

Tripod Technology Corp.

     35,000        112,993  

Uni-President Enterprises Corp.

     343,160        832,834  

United Microelectronics Corp.

     878,000        331,880  

Walsin Technology Corp.

     23,000        149,251  

Wistron Corp.

     264,078        203,068  

WPG Holdings Ltd.

     123,360        160,902  

Yageo Corp.

     21,396        224,231  

Yuanta Financial Holding Co., Ltd.

     824,236        469,342  
     

 

 

 
Total Taiwan

 

     33,806,890  
Thailand – 2.2%      

Advanced Info Service PCL NVDR

     128,300        743,885  

Bangkok Dusit Medical Services PCL NVDR

     434,400        339,471  

Bangkok Expressway & Metro PCL NVDR

     872,100        277,555  

Banpu PCL NVDR

     363,500        185,559  

Berli Jucker PCL NVDR

     166,200        259,238  

BTS Group Holdings PCL NVDR

     841,300        291,612  

Bumrungrad Hospital PCL NVDR

     34,000        192,311  

Central Pattana PCL NVDR

     158,900        366,769  

Charoen Pokphand Foods PCL NVDR

     427,400        343,428  

CP ALL PCL NVDR

     478,100        1,126,138  

Energy Absolute PCL NVDR

     286,300        433,036  

Fabrinet*

     4,417        231,274  

Glow Energy PCL NVDR

     69,300        198,718  

Gulf Energy Development PCL NVDR

     85,000        255,790  

Home Product Center PCL NVDR

     479,300        231,079  

Indorama Ventures PCL NVDR

     221,400        347,082  

Land & Houses PCL NVDR

     598,000        201,626  

Minor International PCL NVDR

     263,200        323,454  

Robinson PCL NVDR

     61,000        112,927  

True Corp. PCL NVDR

     1,279,500        191,915  
     

 

 

 
Total Thailand

 

     6,652,867  
Turkey – 0.6%      

Akbank T.A.S.*

     228,885        256,045  

BIM Birlesik Magazalar AS

     17,776        239,757  

Enka Insaat ve Sanayi AS

     140,847      114,431  

Haci Omer Sabanci Holding AS

     95,049        131,900  

KOC Holding AS

     84,321        240,145  

Tupras Turkiye Petrol Rafinerileri AS

     11,843        261,613  

Turkcell Iletisim Hizmetleri AS

     91,194        195,153  

Turkiye Garanti Bankasi AS

     172,794        255,080  
     

 

 

 
Total Turkey

 

     1,694,124  
United Kingdom – 0.2%      

Antofagasta PLC

     20,788        261,668  

Fresnillo PLC

     9,530        108,137  

Investec PLC

     52,483        302,480  

Mediclinic International PLC

     23,463        93,188  
     

 

 

 
Total United Kingdom               765,473  
TOTAL COMMON STOCKS
(Cost: $294,859,379)
              304,492,807  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%

 

United States – 0.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $1,845,375)(d)      1,845,375        1,845,375  
TOTAL INVESTMENTS IN SECURITIES – 100.4%
(Cost: $296,704,754)

 

     306,338,182  

Other Assets less Liabilities – (0.4)%

 

     (1,154,202
     

 

 

 
NET ASSETS – 100.0%

 

   $ 305,183,980  
* 

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 $170,889, which represents 0.1% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $4,002,585 and the total market value of the collateral held by the Fund was $4,183,721. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $2,338,346.

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.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%

 

Brazil – 4.2%

 

AES Tiete Energia S.A.

     554,589      $ 1,578,962  

Banco do Brasil S.A.

     753,998        9,439,264  

Banco Santander Brasil S.A.

     211,894        2,394,064  

BB Seguridade Participacoes S.A.

     941,044        6,412,747  

CCR S.A.

     2,382,179        7,186,263  

Cia de Saneamento Basico do Estado de Sao Paulo

     420,304        4,536,004  

Cia de Saneamento de Minas Gerais-COPASA

     147,757        2,318,658  

Cia de Saneamento do Parana

     163,582        3,150,415  

Cia Hering

     316,030        2,427,252  

Cielo S.A.

     3,737,480        9,113,931  

EcoRodovias Infraestrutura e Logistica S.A.

     386,451        952,300  

EDP – Energias do Brasil S.A.

     391,382        1,707,651  

Engie Brasil Energia S.A.

     886,406        9,727,985  

Ez Tec Empreendimentos e Participacoes S.A.

     229,975        1,583,712  

Fleury S.A.

     305,974        1,603,893  

Hypera S.A.

     596,528        3,970,007  

Itau Unibanco Holding S.A.

     494,503        3,792,922  

Mahle-Metal Leve S.A.

     42,744        266,896  

MRV Engenharia e Participacoes S.A.

     467,611        1,680,982  

Multiplus S.A.

     186,545        1,286,550  

Petrobras Distribuidora S.A.

     440,967        2,623,117  

Qualicorp Consultoria e Corretora de Seguros S.A.

     706,306        2,845,769  

Smiles Fidelidade S.A.

     110,890        1,359,163  

Transmissora Alianca de Energia Eletrica S.A.

     1,174,074        7,481,829  

Tupy S.A.

     274,872        1,279,821  

Wiz Solucoes e Corretagem de Seguros S.A.

     99,231        216,734  
     

 

 

 
Total Brazil

 

     90,936,891  
Chile – 0.9%      

AES Gener S.A.

     7,362,033        1,978,788  

Aguas Andinas S.A. Class A

     5,896,265        3,352,460  

Banco Santander Chile

     53,892,371        4,054,154  

CAP S.A.

     169,701        2,015,040  

Colbun S.A.

     19,528,827        4,413,878  

Empresas Lipigas S.A.

     252,583        2,053,068  

Enel Generacion Chile S.A.

     1,099,453        713,047  
     

 

 

 
Total Chile

 

     18,580,435  
China – 28.3%      

Agile Group Holdings Ltd.

     2,606,000        4,216,103  

Agricultural Bank of China Ltd. Class H

     24,358,000        11,232,678  

Anhui Expressway Co., Ltd. Class H

     310,000        204,167  

Anhui Hengyuan Coal Industry and Electricity Power Co., Ltd. Class A

     594,100        686,908  

Anhui Jinhe Industrial Co., Ltd. Class A

     388,800        1,027,512  

Anhui Yingjia Distillery Co., Ltd. Class A

     145,600        393,888  

Anxin Trust Co., Ltd. Class A

     1,331,000        1,431,971  

Bank of Beijing Co., Ltd. Class A

     3,944,000        3,638,701  

Bank of China Ltd. Class H

     67,715,084        30,709,202  

Bank of Communications Co., Ltd. Class H

     19,683,287        16,122,846  

Bank of Nanjing Co., Ltd. Class A

     1,540,500      1,813,243  

Baoshan Iron & Steel Co., Ltd. Class A

     6,480,800        6,972,439  

Beijing Capital Land Ltd. Class H(a)

     834,000        318,728  

Beijing Enterprises Water Group Ltd.*

     8,022,000        4,956,299  

Beijing Jingneng Clean Energy Co., Ltd. Class H

     1,410,000        301,760  

Central China Securities Co., Ltd. Class H(a)

     985,000        301,148  

CGN Power Co., Ltd. Class H(b)

     7,034,000        1,962,364  

China Aoyuan Group Ltd.

     1,032,000        1,244,981  

China Cinda Asset Management Co., Ltd. Class H

     8,483,000        2,355,804  

China CITIC Bank Corp., Ltd. Class H

     11,744,000        7,480,302  

China Construction Bank Corp. Class H

     72,176,054        61,878,718  

China Evergrande Group(a)

     2,655,000        8,827,508  

China Fortune Land Development Co., Ltd. Class A

     301,000        1,389,396  

China Gezhouba Group Co., Ltd. Class A

     1,250,500        1,350,946  

China Jinmao Holdings Group Ltd.

     5,284,000        3,446,402  

China Lesso Group Holdings Ltd.

     1,168,000        755,857  

China Lilang Ltd.

     1,303,000        1,470,656  

China Mobile Ltd.

     6,080,500        61,967,274  

China Oriental Group Co., Ltd.(a)

     2,220,000        1,394,225  

China Petroleum & Chemical Corp. Class H

     60,344,000        47,583,661  

China Power International Development Ltd.

     9,819,000        2,514,180  

China Resources Cement Holdings Ltd.

     2,272,000        2,344,372  

China Resources Power Holdings Co., Ltd.

     3,812,000        5,730,177  

China Sanjiang Fine Chemicals Co., Ltd.

     2,444,000        666,267  

China SCE Group Holdings Ltd.

     1,420,000        739,852  

China Shenhua Energy Co., Ltd. Class H

     4,914,500        11,206,383  

China South Publishing & Media Group Co., Ltd. Class A

     677,332        1,297,173  

China State Construction International Holdings Ltd.

     1,986,000        1,859,515  

China Suntien Green Energy Corp., Ltd. Class H

     3,462,000        1,054,042  

China Union Holdings Ltd. Class A

     449,500        496,308  

China Vanke Co., Ltd. Class H

     891,800        3,748,992  

China Yangtze Power Co., Ltd. Class A

     4,201,700        10,547,704  

China Yongda Automobiles Services Holdings Ltd.(a)

     1,436,500        1,138,228  

China ZhengTong Auto Services Holdings Ltd.(a)

     1,294,000        718,710  

China Zhongwang Holdings Ltd.(a)

     4,320,800        2,355,814  

Chinese Universe Publishing and Media Group Co., Ltd. Class A

     577,000        1,304,222  

Chongqing Changan Automobile Co., Ltd. Class A

     1,340,300        1,651,392  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     2,165,991        1,249,937  

CIFI Holdings Group Co., Ltd.

     3,702,000        2,805,992  

CNHTC Jinan Truck Co., Ltd. Class A

     181,291        483,698  

CNOOC Ltd.

     16,072,600        30,097,927  

Country Garden Holdings Co., Ltd.

     5,941,000        9,278,614  

CPMC Holdings Ltd.(a)

     929,000        372,786  

Daqin Railway Co., Ltd. Class A

     4,391,886        5,450,482  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Datang International Power Generation Co., Ltd. Class H

     2,242,000      $ 599,775  

DeHua TB New Decoration Materials Co., Ltd. Class A

     738,100        778,716  

Dongfeng Motor Group Co., Ltd. Class H

     3,642,000        3,646,663  

Fangda Carbon New Material Co., Ltd. Class A

     2,059,700        6,923,696  

Fangda Special Steel Technology Co., Ltd. Class A

     679,600        1,455,231  

Fantasia Holdings Group Co., Ltd.*

     1,236,000        245,627  

Financial Street Holdings Co., Ltd. Class A

     825,100        1,053,445  

Gemdale Corp. Class A

     1,155,909        2,365,071  

GF Securities Co., Ltd. Class H

     416,200        598,059  

Great Wall Motor Co., Ltd. Class H(a)

     2,970,000        2,228,460  

Gree Real Estate Co., Ltd. Class A

     842,900        676,056  

Greenland Holdings Group Co., Ltd. Class A

     816,900        916,554  

Guangdong Ellington Electronics Technology Co., Ltd. Class A

     517,157        899,611  

Guangdong Tapai Group Co., Ltd. Class A

     426,600        785,886  

Guangxi Guiguan Electric Power Co., Ltd. Class A

     1,271,884        1,105,295  

Guangzhou Automobile Group Co., Ltd. Class H

     4,406,000        5,203,042  

Guangzhou R&F Properties Co., Ltd. Class H

     1,018,800        2,203,737  

Guizhou Panjiang Refined Coal Co., Ltd. Class A

     1,339,180        1,125,914  

Guotai Junan International Holdings Ltd.(a)

     1,970,000        399,022  

Harbin Pharmaceutical Group Co., Ltd. Class A

     2,397,615        2,226,291  

Hebei Chengde Lolo Co. Class A

     504,920        677,715  

Henan Shuanghui Investment & Development Co., Ltd. Class A

     535,037        2,058,080  

Hisense Home Appliances Group Co., Ltd. Class H

     403,000        566,770  

HLA Corp., Ltd. Class A

     875,104        1,272,249  

Hopson Development Holdings Ltd.

     670,000        652,934  

Huabao International Holdings Ltd.

     935,000        474,054  

Huafa Industrial Co., Ltd. Zhuhai Class A

     544,000        751,216  

Huafu Fashion Co., Ltd. Class A

     366,370        423,603  

Huapont Life Sciences Co., Ltd. Class A

     2,489,000        2,185,218  

Huayu Automotive Systems Co., Ltd. Class A

     848,000        2,571,685  

Industrial & Commercial Bank of China Ltd. Class H

     58,233,823        42,655,620  

Industrial Bank Co., Ltd. Class A

     4,572,712        12,363,646  

Jiangsu Expressway Co., Ltd. Class H

     1,616,527        2,285,804  

Jinke Properties Group Co., Ltd. Class A

     941,300        1,022,513  

JNBY Design Ltd.

     238,500        479,434  

Joyoung Co., Ltd. Class A

     268,064        920,246  

Kaisa Group Holdings Ltd.*(a)

     1,513,000        686,155  

Kingboard Holdings Ltd.

     1,056,000        3,746,470  

Kingboard Laminates Holdings Ltd.

     2,310,500        2,428,248  

KWG Group Holdings Ltd.

     2,206,500        2,661,871  

Lee & Man Paper Manufacturing Ltd.

     2,496,000        2,127,178  

Lenovo Group Ltd.

     9,852,000        8,860,581  

Liuzhou Iron & Steel Co., Ltd. Class A

     491,400        574,745  

Livzon Pharmaceutical Group, Inc. Class H

     182,500      634,686  

Logan Property Holdings Co., Ltd.

     1,262,000        2,089,950  

Lonking Holdings Ltd.

     2,922,000        945,468  

Maanshan Iron & Steel Co., Ltd. Class H(a)

     2,268,000        1,109,449  

Nine Dragons Paper Holdings Ltd.

     2,459,000        2,343,113  

Ningbo Sanxing Medical Electric Co., Ltd. Class A

     873,465        928,029  

Poly Property Group Co., Ltd.

     1,051,000        409,692  

Powerlong Real Estate Holdings Ltd.

     1,973,000        1,033,004  

Red Star Macalline Group Corp., Ltd. Class H(b)

     1,035,000        1,000,726  

RiseSun Real Estate Development Co., Ltd. Class A

     690,600        1,156,104  

SAIC Motor Corp., Ltd. Class A

     2,715,478        10,534,286  

Sansteel Minguang Co., Ltd. Fujian Class A

     674,396        1,654,830  

Shaanxi Coal Industry Co., Ltd. Class A

     2,639,600        3,499,723  

Shandong Buchang Pharmaceuticals Co., Ltd. Class A

     250,820        1,081,256  

Shandong Chenming Paper Holdings Ltd. Class H

     1,327,500        854,002  

Shandong Hi-speed Co., Ltd. Class A

     778,100        585,873  

Shanghai Industrial Holdings Ltd.

     586,000        1,379,535  

Shanghai Zijiang Enterprise Group Co., Ltd. Class A

     2,429,100        1,669,957  

Shanxi Lu’an Environmental Energy Development Co., Ltd. Class A

     798,900        930,833  

Shanying International Holding Co., Ltd. Class A

     2,407,200        1,418,486  

Shenzhen Expressway Co., Ltd. Class H

     984,000        1,153,230  

Shenzhen Investment Ltd.

     3,238,000        1,237,460  

Shenzhen Jinjia Group Co., Ltd. Class A

     1,177,900        2,487,188  

Shenzhen Overseas Chinese Town Co., Ltd. Class A

     1,955,300        2,240,381  

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A

     2,849,600        2,141,377  

Shimao Property Holdings Ltd.

     1,177,000        3,680,960  

Shougang Fushan Resources Group Ltd.

     9,600,000        2,201,288  

Shui On Land Ltd.

     2,243,000        554,325  

Sino-Ocean Group Holding Ltd.

     3,683,500        1,614,181  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     7,886,000        3,757,175  

Sinotruk Hong Kong Ltd.(a)

     895,500        1,905,089  

SITC International Holdings Co., Ltd.

     1,967,000        2,019,633  

Sou Yu Te Group Co., Ltd. Class A

     1,487,300        781,252  

TCL Corp. Class A

     4,516,600        2,728,698  

TCL Electronics Holdings Ltd.

     1,098,000        600,057  

Tianneng Power International Ltd.

     924,000        831,017  

Tongling Jingda Special Magnet Wire Co., Ltd. Class A

     1,007,700        536,824  

Weichai Power Co., Ltd. Class H

     2,774,000        4,431,361  

Weifu High-Technology Group Co., Ltd. Class A

     279,500        960,337  

WH Group Ltd.(b)

     10,730,000        11,481,857  

Xingda International Holdings Ltd.

     1,477,000        464,741  

Xinyi Glass Holdings Ltd.

     4,090,000        4,689,202  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Xinyi Solar Holdings Ltd.

     5,984,000      $ 2,881,486  

Xiwang Special Steel Co., Ltd.

     2,567,000        500,323  

XTEP International Holdings Ltd.

     1,958,400        1,399,579  

Yanzhou Coal Mining Co., Ltd. Class H

     2,682,000        2,634,185  

Yuexiu Property Co., Ltd.

     3,940,000        948,617  

Yuzhou Properties Co., Ltd.

     2,571,000        1,552,435  

Zhejiang Chint Electrics Co., Ltd. Class A

     405,500        1,617,124  

Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A

     482,600        580,970  

Zhuzhou Kibing Group Co., Ltd. Class A

     1,140,600        760,377  

Zoomlion Heavy Industry Science and Technology Co., Ltd. Class H

     1,497,400        742,028  
     

 

 

 
Total China

 

     615,804,399  
Czech Republic – 0.7%      

CEZ AS

     428,366        10,064,479  

Komercni Banka AS

     81,085        3,313,210  

Moneta Money Bank AS(b)

     322,573        1,113,343  

O2 Czech Republic AS

     24,544        266,193  
     

 

 

 
Total Czech Republic

 

     14,757,225  
Hong Kong – 0.2%      

Chow Tai Fook Jewellery Group Ltd.

     2,187,200        2,212,290  

Stella International Holdings Ltd.

     1,045,500        1,571,590  
     

 

 

 
Total Hong Kong

 

     3,783,880  
Hungary – 0.1%      

Magyar Telekom Telecommunications PLC

     964,297        1,555,313  
India – 3.6%

 

Bharat Petroleum Corp., Ltd.

     2,162,427        12,409,569  

Bharti Infratel Ltd.

     1,490,727        6,744,047  

Chennai Petroleum Corp., Ltd.

     15,947        62,913  

Coal India Ltd.

     3,334,312        11,416,800  

Greaves Cotton Ltd.

     508,823        1,022,420  

Hindustan Petroleum Corp., Ltd.

     1,807,910        7,407,799  

Indian Oil Corp., Ltd.

     7,159,675        16,830,791  

Mangalore Refinery & Petrochemicals Ltd.

     33,818        36,271  

National Aluminium Co., Ltd.

     1,726,552        1,381,989  

NHPC Ltd.

     6,858,763        2,445,492  

NLC India Ltd.

     143,155        143,413  

Oil India Ltd.

     674,561        1,805,808  

Vedanta Ltd.

     6,488,312        17,275,628  
     

 

 

 
Total India

 

     78,982,940  
Indonesia – 2.1%      

Adaro Energy Tbk PT

     43,538,700        4,112,328  

AKR Corporindo Tbk PT

     3,650,300        1,209,931  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT*

     4,178,700        589,831  

Bukit Asam Tbk PT

     8,601,400        2,536,930  

Indika Energy Tbk PT

     3,554,400        455,532  

Indo Tambangraya Megah Tbk PT

     1,451,100        2,438,031  

Indocement Tunggal Prakarsa Tbk PT

     3,702,000        5,693,385  

Matahari Department Store Tbk PT

     6,813,800        1,957,053  

Telekomunikasi Indonesia Persero Tbk PT

     88,861,100        24,648,971  

Waskita Beton Precast Tbk PT

     44,332,900        1,251,533  
     

 

 

 
Total Indonesia

 

     44,893,525  
Malaysia – 2.6%      

AirAsia Group Bhd

     3,671,800      2,392,404  

Astro Malaysia Holdings Bhd

     7,581,500        2,841,322  

Berjaya Sports Toto Bhd

     1,187,772        704,080  

Bermaz Auto Bhd

     1,772,500        981,225  

British American Tobacco Malaysia Bhd

     294,097        2,603,470  

CIMB Group Holdings Bhd

     4,070,600        5,134,988  

DiGi.Com Bhd

     2,683,747        2,991,071  

Lotte Chemical Titan Holding Bhd(b)

     1,498,200        1,504,622  

Mah Sing Group Bhd

     1,377,800        313,865  

Malayan Banking Bhd

     7,155,865        16,248,590  

MISC Bhd

     3,167,200        5,190,096  

Sime Darby Bhd

     12,184,400        5,909,049  

SP Setia Bhd

     1,845,293        1,026,042  

Sunway Bhd

     1,754,900        722,163  

Sunway Construction Group Bhd

     908,000        424,808  

Telekom Malaysia Bhd

     5,829,600        4,569,435  

YTL Corp. Bhd

     8,961,078        2,326,698  

YTL Power International Bhd

     7,209,396        1,518,697  
     

 

 

 
Total Malaysia

 

     57,402,625  
Mexico – 1.5%      

Concentradora Fibra Danhos S.A. de C.V.

     1,832,766        2,617,225  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     747,383        6,639,466  

Grupo Mexico S.A.B. de C.V. Series B

     6,183,018        17,008,678  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A*

     2,278,387        3,869,059  

Macquarie Mexico Real Estate Management S.A. de C.V.*(b)

     1,872,860        2,030,480  

Nemak S.A.B. de C.V.(a)(b)

     1,828,115        1,058,370  
     

 

 

 
Total Mexico

 

     33,223,278  
Philippines – 0.5%      

Aboitiz Power Corp.

     3,609,200        2,433,169  

DMCI Holdings, Inc.

     8,306,700        1,898,313  

Globe Telecom, Inc.

     7,370        272,006  

Manila Electric Co.

     114,780        830,630  

PLDT, Inc.

     194,429        4,258,110  

Semirara Mining & Power Corp.

     4,567,600        1,909,328  
     

 

 

 
Total Philippines

 

     11,601,556  
Poland – 1.0%      

Asseco Poland S.A.

     132,958        1,799,893  

Bank Handlowy w Warszawie S.A.

     105,044        1,849,439  

Bank Polska Kasa Opieki S.A.

     277,964        7,975,283  

Ciech S.A.

     157,435        2,203,109  

Powszechny Zaklad Ubezpieczen S.A.

     691,511        7,304,979  

Warsaw Stock Exchange

     21,288        216,553  
     

 

 

 
Total Poland

 

     21,349,256  
Russia – 16.3%      

Gazprom Neft PJSC ADR

     69,954        1,720,868  

Gazprom PJSC ADR

     11,059,465        49,922,425  

Lukoil PJSC ADR

     670,094        60,040,422  

Magnit PJSC GDR Reg S

     736,954        10,391,051  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     494,396      $ 4,429,788  

MMC Norilsk Nickel PJSC ADR

     2,756,134        58,209,550  

Mobile TeleSystems PJSC ADR

     1,817,609        13,741,124  

Novolipetsk Steel PJSC GDR Reg S

     334,376        8,583,432  

PhosAgro PJSC GDR Reg S

     165,871        2,078,364  

Polyus PJSC GDR Reg S

     121,233        4,982,676  

Rosneft Oil Co. PJSC GDR Reg S

     2,018,403        12,675,571  

Rostelecom PJSC ADR

     378,854        2,473,917  

RusHydro PJSC ADR

     2,509,313        1,794,159  

Sberbank of Russia PJSC ADR

     3,373,725        44,735,593  

Severstal PJSC GDR Reg S

     959,536        14,968,762  

Tatneft PJSC ADR

     865,303        59,878,968  

VTB Bank PJSC GDR Reg S

     3,602,243        4,113,762  
     

 

 

 
Total Russia

 

     354,740,432  
South Africa – 6.9%      

Absa Group Ltd.(a)

     1,015,808        10,713,662  

Aeci Ltd.

     291,907        1,938,321  

African Rainbow Minerals Ltd.

     40,228        473,377  

Alexander Forbes Group Holdings Ltd.

     1,441,577        502,809  

Assore Ltd.

     19,021        493,290  

Astral Foods Ltd.

     120,790        1,404,460  

AVI Ltd.

     616,763        3,861,491  

Blue Label Telecoms Ltd.*

     1,131,425        294,208  

Coronation Fund Managers Ltd.

     476,903        1,519,211  

Exxaro Resources Ltd.

     617,563        7,037,981  

FirstRand Ltd.(a)

     2,873,459        12,544,889  

Foschini Group Ltd. (The)

     433,672        4,901,693  

Hyprop Investments Ltd.

     392,784        1,919,627  

Imperial Logistics Ltd.(a)

     251,848        1,045,550  

Investec Ltd.

     246,843        1,443,615  

Kumba Iron Ore Ltd.(a)

     221,263        6,602,026  

Liberty Holdings Ltd.

     272,378        1,908,181  

Metair Investments Ltd.

     127,094        201,729  

MTN Group Ltd.(a)

     4,502,451        27,668,004  

Nedbank Group Ltd.

     306,884        5,346,384  

Netcare Ltd.

     2,513,036        4,068,953  

Peregrine Holdings Ltd.

     336,319        438,436  

Reunert Ltd.

     55,101        271,278  

RMB Holdings Ltd.

     1,002,424        5,281,385  

SPAR Group Ltd. (The)

     271,469        3,611,994  

Standard Bank Group Ltd.

     1,577,828        20,266,002  

Telkom S.A. SOC Ltd.

     1,028,323        5,199,640  

Truworths International Ltd.

     1,041,433        5,011,011  

Tsogo Sun Holdings Ltd.

     1,271,631        1,702,709  

Vodacom Group Ltd.

     1,549,076        11,969,388  
     

 

 

 
Total South Africa

 

     149,641,304  
South Korea – 1.2%      

Coway Co., Ltd.

     105,440        8,778,152  

Daishin Securities Co., Ltd.

     35,060        339,759  

Doosan Corp.

     20,247        1,651,724  

Huchems Fine Chemical Corp.

     64,934        1,275,683  

KEPCO Plant Service & Engineering Co., Ltd.

     32,840        1,006,812  

Kumho Industrial Co., Ltd.

     36,669      308,832  

Meritz Financial Group, Inc.

     32,334        404,495  

Meritz Fire & Marine Insurance Co., Ltd.

     40,052        857,425  

Orange Life Insurance Ltd.(b)

     57,384        1,819,949  

S-Oil Corp.

     78,149        6,168,752  

Seah Besteel Corp.

     71,920        1,213,345  

Ssangyong Cement Industrial Co., Ltd.

     316,074        1,782,111  
     

 

 

 
Total South Korea

 

     25,607,039  
Taiwan – 25.2%      

Accton Technology Corp.(a)

     969,000        3,914,294  

Alpha Networks, Inc.(a)

     993,000        637,933  

Asustek Computer, Inc.

     1,808,000        13,081,683  

Aten International Co., Ltd.

     329,000        1,017,300  

AU Optronics Corp.(a)

     44,039,000        16,217,863  

Cathay Financial Holding Co., Ltd.

     8,540,000        12,455,119  

Chang Wah Electromaterials, Inc.

     89,000        454,811  

Charoen Pokphand Enterprise

     623,000        1,047,076  

Cheng Shin Rubber Industry Co., Ltd.(a)

     3,807,000        5,181,735  

Chicony Electronics Co., Ltd.

     1,978,386        4,602,465  

Chicony Power Technology Co., Ltd.(a)

     636,045        1,178,377  

Chin-Poon Industrial Co., Ltd.

     928,000        1,147,184  

China Development Financial Holding Corp.

     11,163,000        3,730,598  

China General Plastics Corp.

     845,300        622,583  

Chong Hong Construction Co., Ltd.

     478,000        1,395,824  

Chung-Hsin Electric & Machinery Manufacturing Corp.

     841,000        563,477  

Chunghwa Telecom Co., Ltd.

     5,836,000        20,734,316  

Cleanaway Co., Ltd.

     388,000        2,177,901  

Compal Electronics, Inc.

     8,233,000        5,115,490  

Compeq Manufacturing Co., Ltd.(a)

     2,554,000        1,963,946  

Continental Holdings Corp.

     1,810,000        927,889  

CTBC Financial Holding Co., Ltd.

     20,584,000        13,657,884  

CTCI Corp.

     1,872,000        2,915,462  

Da-Li Development Co., Ltd.

     488,000        524,093  

Elite Advanced Laser Corp.

     159,500        352,944  

Elite Material Co., Ltd.

     802,000        2,771,305  

Elite Semiconductor Memory Technology, Inc.

     598,000        612,154  

Everlight Electronics Co., Ltd.

     1,450,000        1,470,207  

Far Eastern Department Stores Ltd.

     2,906,000        1,546,321  

Far EasTone Telecommunications Co., Ltd.

     2,645,000        6,376,389  

Faraday Technology Corp.(a)

     499,000        721,288  

Feng Hsin Steel Co., Ltd.

     98,000        192,054  

First Financial Holding Co., Ltd.

     11,884,585        8,136,297  

FLEXium Interconnect, Inc.(a)

     670,000        2,017,359  

Formosa Chemicals & Fibre Corp.

     8,712,000        31,658,928  

Formosa International Hotels Corp.

     40,000        205,707  

Formosa Petrochemical Corp.(a)

     2,886,000        10,815,301  

Formosa Plastics Corp.

     9,329,000        33,144,352  

Foxsemicon Integrated Technology, Inc.

     118,000        526,435  

Fubon Financial Holding Co., Ltd.

     7,111,000        10,613,261  

Getac Technology Corp.(a)

     1,177,000        1,962,908  

Gigabyte Technology Co., Ltd.(a)

     1,929,000        3,073,081  

Global PMX Co., Ltd.

     99,000        391,882  

Great Wall Enterprise Co., Ltd.

     483,150        553,372  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Greatek Electronics, Inc.

     1,277,000      $ 1,760,922  

HannStar Display Corp.(a)

     8,008,000        1,772,021  

Highwealth Construction Corp.

     2,307,000        3,802,521  

Hotai Motor Co., Ltd.(a)

     781,000        9,565,954  

Huaku Development Co., Ltd.(a)

     534,000        1,282,134  

Hung Sheng Construction Ltd.

     857,800        826,614  

Innolux Corp.(a)

     30,310,000        9,834,363  

Inventec Corp.

     8,578,000        6,526,633  

ITEQ Corp.

     615,000        1,771,937  

KEE TAI Properties Co., Ltd.

     868,000        336,549  

Kenda Rubber Industrial Co., Ltd.

     1,393,543        1,336,098  

King Yuan Electronics Co., Ltd.(a)

     2,786,000        2,372,852  

King’s Town Bank Co., Ltd.

     1,454,000        1,509,645  

Kinik Co.

     296,000        586,804  

Kung Long Batteries Industrial Co., Ltd.

     162,000        880,420  

L&K Engineering Co., Ltd.

     375,000        351,024  

Lealea Enterprise Co., Ltd.

     1,470,000        486,494  

Lelon Electronics Corp.

     145,000        190,304  

Lien Hwa Industrial Corp.

     464,908        507,589  

Lion Travel Service Co., Ltd.

     168,000        479,681  

Lite-On Semiconductor Corp.

     497,000        561,978  

Marketech International Corp.

     279,000        485,210  

Mega Financial Holding Co., Ltd.

     10,272,302        9,348,910  

Merry Electronics Co., Ltd.

     784,275        4,300,465  

Micro-Star International Co., Ltd.(a)

     1,570,000        4,406,320  

momo.com, Inc.

     73,000        602,797  

Namchow Holdings Co., Ltd.

     909,000        1,574,945  

Nan Ya Plastics Corp.

     14,513,000        37,153,054  

Nanya Technology Corp.(a)

     2,971,000        5,918,768  

Nien Made Enterprise Co., Ltd.

     327,000        2,880,566  

Novatek Microelectronics Corp.

     1,367,000        8,782,012  

Nuvoton Technology Corp.

     189,000        317,652  

Oriental Union Chemical Corp.

     1,525,000        1,291,429  

Pegatron Corp.(a)

     6,024,000        10,417,715  

Pou Chen Corp.

     6,833,000        8,324,951  

Powertech Technology, Inc.

     1,864,000        4,402,888  

President Chain Store Corp.

     1,695,000        16,691,244  

Primax Electronics Ltd.(a)

     1,017,000        2,002,949  

Qisda Corp.

     4,163,000        2,667,681  

Quanta Computer, Inc.

     7,291,990        13,675,217  

Radiant Opto-Electronics Corp.(a)

     1,356,170        4,338,618  

Rechi Precision Co., Ltd.

     1,277,000        1,048,267  

Ruentex Industries Ltd.

     1,167,600        3,064,806  

Sanyang Motor Co., Ltd.

     854,000        559,718  

Sercomm Corp.(a)

     675,000        1,478,318  

Shinkong Insurance Co., Ltd.

     432,000        546,649  

Sigurd Microelectronics Corp.

     668,000        652,384  

Sinbon Electronics Co., Ltd.

     384,000        1,289,531  

Sinon Corp.

     3,561,000        2,102,828  

SinoPac Financial Holdings Co., Ltd.

     10,901,440        4,032,265  

Sitronix Technology Corp.

     276,000        1,267,144  

Sunonwealth Electric Machine Industry Co., Ltd.

     92,000        105,371  

Supreme Electronics Co., Ltd.

     1,507,000        1,535,335  

Synnex Technology International Corp.

     3,502,000      4,204,150  

Systex Corp.

     278,000        612,456  

Taichung Commercial Bank Co., Ltd.

     348,813        129,020  

Taiflex Scientific Co., Ltd.

     564,000        705,446  

Taiwan Cogeneration Corp.

     772,000        662,527  

Taiwan Cooperative Financial Holding Co., Ltd.

     9,008,320        5,699,526  

Taiwan Hon Chuan Enterprise Co., Ltd.

     1,402,000        2,235,794  

Taiwan Mobile Co., Ltd.

     3,101,253        11,219,471  

Taiwan Paiho Ltd.

     534,000        1,240,551  

Taiwan PCB Techvest Co., Ltd.

     213,000        255,361  

Taiyen Biotech Co., Ltd.

     1,025,000        1,062,564  

Thinking Electronic Industrial Co., Ltd.

     81,000        222,076  

Tong Hsing Electronic Industries Ltd.

     359,000        1,205,577  

Tong Yang Industry Co., Ltd.

     782,000        1,003,491  

Topco Scientific Co., Ltd.

     459,435        1,189,563  

Transcend Information, Inc.

     783,000        1,778,362  

Tripod Technology Corp.

     1,316,000        4,248,536  

TXC Corp.

     812,000        849,662  

TYC Brother Industrial Co., Ltd.

     186,000        161,133  

Uni-President Enterprises Corp.

     14,781,000        35,872,838  

United Microelectronics Corp.(a)

     22,497,000        8,503,757  

UPC Technology Corp.

     3,963,680        1,601,136  

Walsin Lihwa Corp.

     6,072,000        3,477,257  

Waterland Financial Holdings Co., Ltd.

     4,501,000        1,533,411  

Weikeng Industrial Co., Ltd.

     540,000        359,177  

Winbond Electronics Corp.(a)

     8,820,000        4,221,054  

Wistron Corp.(a)

     6,989,561        5,374,754  

Wistron NeWeb Corp.

     612,840        1,610,618  

Wowprime Corp.

     103,000        310,800  

WPG Holdings Ltd.

     3,868,280        5,045,501  

YFY, Inc.

     5,396,000        2,074,678  

Yungtay Engineering Co., Ltd.

     531,000        1,102,643  

Zeng Hsing Industrial Co., Ltd.

     100,000        486,689  
     

 

 

 
Total Taiwan

 

     546,674,971  
Thailand – 2.6%      

AP Thailand PCL NVDR

     7,011,300        1,557,576  

Bangchak Corp. PCL NVDR(a)

     1,773,300        1,802,077  

Bangkok Land PCL NVDR

     33,852,800        1,674,772  

Big Camera Corp. PCL NVDR(a)

     12,567,941        506,916  

BTS Group Holdings PCL NVDR

     7,787,443        2,699,287  

Esso Thailand PCL NVDR(a)

     4,033,300        1,398,024  

Glow Energy PCL NVDR

     713,900        2,047,106  

Hana Microelectronics PCL NVDR(a)

     1,558,100        1,522,014  

IRPC PCL NVDR

     10,531,600        1,908,199  

Jasmine International PCL NVDR(a)

     11,659,600        1,983,987  

KGI Securities Thailand PCL NVDR

     13,571,700        2,078,414  

LPN Development PCL NVDR(a)

     5,711,400        1,232,806  

Major Cineplex Group PCL NVDR

     2,505,300        2,210,443  

Pruksa Holding PCL NVDR(a)

     2,874,000        1,630,124  

PTT Global Chemical PCL NVDR

     2,561,034        5,427,116  

Quality Houses PCL NVDR

     18,759,400        1,749,734  

Ratchaburi Electricity Generating Holding PCL NVDR

     1,174,300        2,164,694  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets High Dividend Fund (DEM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Sansiri PCL NVDR(a)

     36,814,200      $ 1,519,666  

Siam Cement PCL (The) NVDR

     155,600        2,363,296  

Siam Commercial Bank PCL (The) NVDR

     610,900        2,541,005  

Siamgas & Petrochemicals PCL NVDR(a)

     4,856,400        1,407,874  

Somboon Advance Technology PCL NVDR

     1,425,200        799,387  

SPCG PCL NVDR

     2,962,100        1,717,430  

Star Petroleum Refining PCL NVDR(a)

     4,685,338        1,609,270  

Thai Oil PCL NVDR

     1,091,700        2,390,835  

Thai Vegetable Oil PCL NVDR

     2,068,797        1,743,826  

Thanachart Capital PCL NVDR

     1,158,600        1,989,718  

Tisco Financial Group PCL NVDR

     745,500        2,073,117  

TPI Polene Power PCL NVDR(a)

     9,425,600        1,811,759  

TTW PCL NVDR

     4,827,077        1,855,691  
     

 

 

 
Total Thailand

 

     57,416,163  
Turkey – 1.8%      

Akbank T.A.S.*

     3,423,021        3,829,208  

Aksa Akrilik Kimya Sanayii AS

     382,673        621,803  

Aygaz AS

     323,683        551,732  

Borusan Mannesmann Boru Sanayi ve Ticaret AS

     343,772        581,107  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     3,648,232        987,998  

Eregli Demir ve Celik Fabrikalari T.A.S.

     4,657,891        7,519,110  

Ford Otomotiv Sanayi AS

     125,222        1,081,197  

Iskenderun Demir ve Celik AS(a)

     843,839        1,067,943  

Tofas Turk Otomobil Fabrikasi AS

     295,851        895,995  

Tupras Turkiye Petrol Rafinerileri AS

     445,758        9,846,821  

Turkcell Iletisim Hizmetleri AS

     3,679,270        7,873,544  

Turkiye Garanti Bankasi AS

     2,199,589        3,247,057  

Vestel Beyaz Esya Sanayi ve Ticaret AS

     88,554        264,897  
     

 

 

 
Total Turkey               38,368,412  

TOTAL COMMON STOCKS

(Cost: $2,056,341,795)

              2,165,319,644  
EXCHANGE-TRADED FUND – 0.1%

 

United States – 0.1%

 

WisdomTree Global High Dividend Fund(a)(c)

   
(Cost: $2,254,420)     50,000     2,304,355  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.3%

 

United States – 1.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(d)

   
(Cost: $28,284,557)(e)     28,284,557       28,284,557  
TOTAL INVESTMENTS IN SECURITIES – 101.1%
(Cost: $2,086,880,772)

 

    2,195,908,556  

Other Assets less Liabilities – (1.1)%

 

    (22,902,776
   

 

 

 
NET ASSETS – 100.0%

 

  $ 2,173,005,780  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(e) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $115,479,838 and the total market value of the collateral held by the Fund was $130,887,792. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $102,603,235.

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
 

Banco De Investimentos Credit Suisse (Brasil) S.A.

    4/3/2019       1,411,804       BRL       362,820       USD     $     $ (47

Citibank N.A.

    4/1/2019       423,149       MXN       21,781       USD       33        

Credit Suisse International

    4/1/2019       117,538,137       KRW       103,512       USD       37        

Deutsche Bank AG

    4/1/2019       68,186,442       TWD       2,212,050       USD       323        

Merrill Lynch International

    4/2/2019       949,121       MYR       232,628       USD             (142

Morgan Stanley & Co. International

    4/1/2019       3,355,130       CNY       499,311       USD             (50

Morgan Stanley & Co. International

    4/1/2019       1,106,040       USD       15,964,653       ZAR             (983

Royal Bank of Canada

    4/1/2019       1,082,933       USD       6,070,163       TRY       8,492        

State Street Bank and Trust

    4/2/2019       22,357,648       INR       323,190       USD             (453
                                            $ 8,885     $ (1,675

 

CURRENCY LEGEND
BRL   Brazilian real
CNY   Chinese yuan
INR   Indian rupee
KRW   South Korean won
MXN   Mexican peso
MYR   Malaysian ringgit
TRY   Turkish new lira
TWD   New Taiwan dollar
USD   U.S. dollar
ZAR   South African rand

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
Brazil – 6.2%      

Banco Santander Brasil S.A.

     6,447      $ 72,841  

Cia Brasileira de Distribuicao (Preference Shares)

     2,000        47,003  

Hypera S.A.

     17,933        119,347  

IRB Brasil Resseguros S.A.

     11,908        279,211  

Itausa – Investimentos Itau S.A. (Preference Shares)

     24,386        75,068  

Lojas Renner S.A.

     8,008        90,128  

Magazine Luiza S.A.

     1,035        45,970  

Sul America S.A.

     31,260        239,368  

Telefonica Brasil S.A. (Preference Shares)

     8,544        104,283  

TIM Participacoes S.A.

     30,304        91,807  
     

 

 

 
Total Brazil

 

     1,165,026  
Chile – 0.4%      

Embotelladora Andina S.A. Class B, (Preference Shares)

     22,222        81,152  
China – 37.4%

 

Agricultural Bank of China Ltd. Class H

     152,000        70,095  

Angang Steel Co., Ltd. Class H

     84,000        61,422  

Anhui Conch Cement Co., Ltd. Class H

     12,500        76,354  

ANTA Sports Products Ltd.

     7,000        47,618  

Bank of China Ltd. Class H

     149,000        67,572  

Bank of Communications Co., Ltd. Class H

     286,000        234,266  

Bank of Guiyang Co., Ltd. Class A

     30,200        58,646  

Bank of Jiangsu Co., Ltd. Class A

     50,500        53,579  

Bank of Nanjing Co., Ltd. Class A

     52,300        61,560  

Bank of Ningbo Co., Ltd. Class A

     14,800        46,777  

Baoshan Iron & Steel Co., Ltd. Class A

     59,300        63,799  

BYD Electronic International Co., Ltd.

     84,500        108,936  

China Cinda Asset Management Co., Ltd. Class H

     716,000        198,839  

China CITIC Bank Corp., Ltd. Class H

     334,000        212,740  

China Coal Energy Co., Ltd. Class H

     201,000        83,217  

China Communications Construction Co., Ltd. Class H

     147,000        152,057  

China Construction Bank Corp. Class H

     218,000        186,898  

China Everbright Bank Co., Ltd. Class H

     404,000        190,936  

China International Capital Corp., Ltd. Class H(a)

     10,400        24,086  

China Longyuan Power Group Corp., Ltd. Class H

     169,000        117,547  

China Medical System Holdings Ltd.

     46,000        44,594  

China Mengniu Dairy Co., Ltd.*

     10,000        37,198  

China Merchants Bank Co., Ltd. Class H

     13,000        63,179  

China Minsheng Banking Corp., Ltd. Class H

     101,500        73,701  

China Mobile Ltd.

     16,000        163,058  

China Oriental Group Co., Ltd.

     92,000        57,779  

China Pacific Insurance Group Co., Ltd. Class H

     17,400        68,270  

China Railway Construction Corp., Ltd. Class H

     33,000        43,216  

China Railway Group Ltd. Class H

     202,000        184,246  

China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. Class A

     16,100        69,094  

China Shenhua Energy Co., Ltd. Class H

     31,000        70,688  

China Taiping Insurance Holdings Co., Ltd.

     10,400        31,001  

China Telecom Corp., Ltd. Class H

     290,000        161,071  

China Unicom Hong Kong Ltd.

     110,000        139,428  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     69,000      39,818  

CITIC Ltd.

     99,000        147,807  

CNOOC Ltd.

     86,000        161,046  

Dali Foods Group Co., Ltd.(a)

     74,500        55,709  

Daqin Railway Co., Ltd. Class A

     70,100        86,997  

Dongfeng Motor Group Co., Ltd. Class H

     112,000        112,143  

Fuyao Glass Industry Group Co., Ltd. Class H(a)

     17,600        59,078  

Gree Electric Appliances, Inc. of Zhuhai Class A

     7,300        51,283  

Greenland Holdings Group Co., Ltd. Class A

     73,900        82,915  

Guotai Junan Securities Co., Ltd. Class H(a)

     21,400        47,707  

Huaneng Renewables Corp., Ltd. Class H

     188,000        52,209  

Huatai Securities Co., Ltd. Class H(a)

     22,800        45,600  

Industrial & Commercial Bank of China Ltd. Class H

     97,000        71,051  

Industrial Bank Co., Ltd. Class A

     21,600        58,402  

Inner Mongolia Yitai Coal Co., Ltd. Class B

     114,800        141,319  

Jiangsu Expressway Co., Ltd. Class H

     76,000        107,466  

Jiangxi Copper Co., Ltd. Class H

     80,000        106,192  

Jiayuan International Group Ltd.

     6,000        3,172  

Jinke Properties Group Co., Ltd. Class A

     82,700        89,835  

Kunlun Energy Co., Ltd.

     112,000        116,994  

Lee & Man Paper Manufacturing Ltd.

     94,000        80,110  

Lenovo Group Ltd.

     154,000        138,503  

Maanshan Iron & Steel Co., Ltd. Class H

     150,000        73,376  

Metallurgical Corp. of China Ltd. Class H

     346,000        102,258  

New China Life Insurance Co., Ltd. Class H

     6,500        33,121  

Noah Holdings Ltd. ADR*

     800        38,768  

People’s Insurance Co. Group of China Ltd. (The) Class H

     110,000        47,083  

PetroChina Co., Ltd. Class H

     122,000        79,106  

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

     7,000        78,383  

Postal Savings Bank of China Co., Ltd. Class H(a)

     111,000        63,490  

RiseSun Real Estate Development Co., Ltd. Class A

     28,500        47,711  

Shaanxi Coal Industry Co., Ltd. Class A

     46,400        61,520  

Shandong Buchang Pharmaceuticals Co., Ltd. Class A

     15,700        67,681  

Shanghai Industrial Holdings Ltd.

     62,000        145,958  

Shanghai Pharmaceuticals Holding Co., Ltd. Class H

     43,200        94,105  

Shui On Land Ltd.

     383,500        94,776  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     264,000        125,779  

Sun Art Retail Group Ltd.

     25,500        24,850  

Tingyi Cayman Islands Holding Corp.

     16,000        26,375  

Tong Ren Tang Technologies Co., Ltd. Class H

     71,000        95,331  

Weichai Power Co., Ltd. Class H

     35,000        55,911  

Weifu High-Technology Group Co., Ltd. Class A

     22,800        78,339  

Yanzhou Coal Mining Co., Ltd. Class H

     38,000        37,323  

Yum China Holdings, Inc.

     2,371        106,482  

Yuzhou Properties Co., Ltd.

     128,000        77,290  

Zhejiang Expressway Co., Ltd. Class H

     96,000        110,064  

Zhongsheng Group Holdings Ltd.

     15,000        37,223  

Zijin Mining Group Co., Ltd. Class H

     208,000        86,115  
     

 

 

 
Total China

 

     7,067,241  
Hungary – 0.6%      

MOL Hungarian Oil & Gas PLC

     9,624        110,136  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2019

 

 

 

Investments    Shares      Value  
India – 10.5%

 

Bajaj Auto Ltd.

     2,260      $ 94,971  

Coal India Ltd.

     25,531        87,419  

Dr. Reddy’s Laboratories Ltd.

     664        26,649  

Dr. Reddy’s Laboratories Ltd. ADR

     1,829        74,074  

GAIL India Ltd.

     14,917        74,860  

HCL Technologies Ltd.

     12,778        200,584  

Infosys Ltd. ADR

     17,339        189,515  

JSW Steel Ltd.

     1,915        8,101  

Nestle India Ltd.

     493        78,004  

Oil & Natural Gas Corp., Ltd.

     45,273        104,401  

Petronet LNG Ltd.

     30,329        110,130  

Power Grid Corp. of India Ltd.

     38,233        109,221  

Tata Consultancy Services Ltd.

     6,359        183,739  

Tata Steel Ltd.

     13,761        103,493  

Tech Mahindra Ltd.

     15,644        175,217  

Titan Co., Ltd.

     6,706        110,534  

UPL Ltd.

     2,515        34,811  

Wipro Ltd.

     18,591        68,379  

Wipro Ltd. ADR

     36,899        146,858  
     

 

 

 
Total India

 

     1,980,960  
Indonesia – 2.2%      

Astra International Tbk PT

     157,200        80,863  

Bank Tabungan Negara Persero Tbk PT

     141,900        24,314  

Bukit Asam Tbk PT

     195,900        57,780  

Charoen Pokphand Indonesia Tbk PT

     94,600        42,517  

Gudang Garam Tbk PT

     15,400        89,978  

Indofood CBP Sukses Makmur Tbk PT

     123,700        81,004  

Unilever Indonesia Tbk PT

     14,000        48,395  
     

 

 

 
Total Indonesia

 

     424,851  
Malaysia – 3.7%      

CIMB Group Holdings Bhd

     63,300        79,852  

Hong Leong Bank Bhd

     15,800        78,565  

Malayan Banking Bhd

     36,700        83,333  

Malaysia Airports Holdings Bhd

     53,500        94,878  

Petronas Chemicals Group Bhd

     35,800        80,325  

RHB Bank Bhd

     116,700        162,937  

Tenaga Nasional Bhd

     37,600        116,599  
     

 

 

 
Total Malaysia

 

     696,489  
Mexico – 3.3%      

Alfa S.A.B. de C.V. Class A

     96,400        102,525  

Alsea S.A.B. de C.V.

     19,159        40,170  

America Movil S.A.B. de C.V. Series L

     164,200        117,494  

Coca-Cola Femsa S.A.B. de C.V. Series L

     14,100        93,268  

Gruma S.A.B. de C.V. Class B

     5,783        59,090  

Grupo Bimbo S.A.B. de C.V. Series A

     38,600        80,752  

Megacable Holdings S.A.B. de C.V. Series CPO

     27,000        125,371  

Mexichem S.A.B. de C.V.

     3,265        7,812  
     

 

 

 
Total Mexico

 

     626,482  
Philippines – 1.1%      

DMCI Holdings, Inc.

     281,000        64,216  

Manila Electric Co.

     13,940        100,880  

Metro Pacific Investments Corp.

     514,000      47,475  
     

 

 

 
Total Philippines

 

     212,571  
Poland – 0.9%      

Grupa Lotos S.A.

     4,070        88,537  

Powszechny Zaklad Ubezpieczen S.A.

     7,809        82,493  
     

 

 

 
Total Poland

 

     171,030  
Russia – 4.4%      

Gazprom PJSC ADR

     28,217        127,372  

Lukoil PJSC ADR

     1,439        128,934  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     6,707        60,095  

MMC Norilsk Nickel PJSC ADR

     4,653        98,271  

Novolipetsk Steel PJSC GDR Reg S

     5,104        131,020  

Rosneft Oil Co. PJSC GDR Reg S

     5,117        32,135  

Severstal PJSC GDR Reg S

     9,367        146,125  

Tatneft PJSC ADR

     1,442        99,786  
     

 

 

 
Total Russia

 

     823,738  
South Africa – 2.1%      

Capitec Bank Holdings Ltd.

     437        40,908  

Investec Ltd.

     7,153        41,833  

Pick n Pay Stores Ltd.

     9,983        45,972  

PSG Group Ltd.

     2,159        39,149  

Telkom S.A. SOC Ltd.

     30,884        156,163  

Woolworths Holdings Ltd.

     19,693        63,471  
     

 

 

 
Total South Africa

 

     387,496  
South Korea – 11.1%      

Coway Co., Ltd.

     1,968        163,841  

DB Insurance Co., Ltd.

     2,377        143,864  

GS Engineering & Construction Corp.

     3,925        147,304  

KT Corp. ADR

     15,122        188,118  

KT&G Corp.

     1,737        158,382  

Kumho Petrochemical Co., Ltd.

     1,810        151,803  

LG Uplus Corp.

     13,432        182,825  

Samsung Electronics Co., Ltd.

     6,635        260,993  

Samsung SDS Co., Ltd.

     1,143        236,635  

SK Hynix, Inc.

     3,989        260,756  

SK Telecom Co., Ltd.

     913        202,290  
     

 

 

 
Total South Korea

 

     2,096,811  
Taiwan – 12.0%      

Advantech Co., Ltd.

     18,000        149,511  

Cathay Financial Holding Co., Ltd.

     31,000        45,212  

Chailease Holding Co., Ltd.

     6,000        24,529  

Chicony Electronics Co., Ltd.

     59,000        137,256  

China Airlines Ltd.

     219,000        70,062  

China Development Financial Holding Corp.

     341,000        113,960  

China Life Insurance Co., Ltd.

     110,000        93,331  

China Steel Corp.

     111,000        91,118  

Compal Electronics, Inc.

     104,000        64,619  

Eva Airways Corp.

     158,000        77,410  

Feng TAY Enterprise Co., Ltd.

     5,000        35,366  

Formosa Chemicals & Fibre Corp.

     14,000        50,875  

Globalwafers Co., Ltd.

     7,000        68,818  

Highwealth Construction Corp.

     48,000        79,116  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Multifactor Fund (EMMF)

March 31, 2019

 

 

 

Investments    Shares      Value  

Pou Chen Corp.

     65,000      $ 79,192  

President Chain Store Corp.

     7,000        68,931  

Ruentex Development Co., Ltd.

     44,600        67,434  

Ruentex Industries Ltd.

     22,800        59,847  

Standard Foods Corp.

     25,000        42,018  

Taiwan Business Bank

     113,000        43,997  

Taiwan Cement Corp.

     52,000        69,597  

Taiwan High Speed Rail Corp.

     55,000        64,243  

Taiwan Mobile Co., Ltd.

     15,000        54,266  

Uni-President Enterprises Corp.

     16,000        38,831  

Walsin Technology Corp.

     13,000        84,359  

WPG Holdings Ltd.

     115,960        151,250  

Yageo Corp.

     7,000        73,360  

Yuanta Financial Holding Co., Ltd.

     227,000        129,260  

Zhen Ding Technology Holding Ltd.

     42,000        130,413  
     

 

 

 
Total Taiwan

 

     2,258,181  
Thailand – 3.4%      

Advanced Info Service PCL NVDR

     15,800        91,609  

Bangkok Bank PCL NVDR

     11,000        71,750  

Bangkok Dusit Medical Services PCL NVDR

     135,900        106,202  

Electricity Generating PCL NVDR

     13,300        122,376  

Home Product Center PCL NVDR

     226,200      109,055  

TMB Bank PCL NVDR

     1,091,500        70,164  

True Corp. PCL NVDR

     510,300        76,541  
     

 

 

 
Total Thailand

 

     647,697  
Turkey – 0.2%      

Turk Hava Yollari AO*

     4,685        10,722  

Turkiye Garanti Bankasi AS

     20,351        30,043  
     

 

 

 
Total Turkey

 

     40,765  
TOTAL INVESTMENTS IN SECURITIES – 99.5%
(Cost: $18,075,814)

 

     18,790,626  

Other Assets less Liabilities – 0.5%

 

     94,992  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 18,885,618  
* 

Non-income producing security.

 

(a) 

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

ADR – American Depositary Receipt

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
 

Bank of America N.A.

    4/1/2019       195,833       HKD       24,947       USD     $     $ (1

Bank of America N.A.

    4/1/2019       525,924       HUF       1,843       USD             (7

Bank of America N.A.

    4/1/2019       76,178       MXN       3,933       USD             (6

Bank of America N.A.

    4/2/2019       27,215       ZAR       1,861       USD       26        

Citibank N.A.

    4/9/2019       47,880       USD       265,611       TRY       1,475        

Citibank N.A.

    4/10/2019       1,193,339       USD       4,641,732       BRL       1,261        

Citibank N.A.

    4/10/2019       396,448       USD       5,641,596       ZAR       5,632        

HSBC Holdings PLC

    4/2/2019       28,512       MXN       1,467       USD       2        

HSBC Holdings PLC

    4/10/2019       2,132,615       USD       2,405,269,758       KRW       13,129        

Merrill Lynch International

    4/1/2019       7,531       MYR       1,848       USD             (3

Merrill Lynch International

    4/1/2019       122,408       THB       3,854       USD       3        

Merrill Lynch International

    4/2/2019       15,539       BRL       3,918       USD       75        
                                            $ 21,603     $ (17

 

CURRENCY LEGEND
BRL   Brazilian real
HKD   Hong Kong dollar
HUF   Hungary forint
KRW   South Korean won
MXN   Mexican peso
MYR   Malaysian ringgit
THB   Thai baht
TRY   Turkish new lira
USD   U.S. dollar
ZAR   South African rand

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%

 

Brazil – 4.4%

 

Banco do Brasil S.A.

     18,871      $ 236,245  

Banco Santander Brasil S.A.

     18,453        208,489  

Bradespar S.A. (Preference Shares)

     16,432        134,692  

Braskem S.A. Class A, (Preference Shares)

     12,098        158,231  

Estacio Participacoes S.A.

     31,686        216,576  

Itau Unibanco Holding S.A. (Preference Shares)

     51,870        458,896  

Lojas Renner S.A.

     25,418        286,073  

Magazine Luiza S.A.

     5,044        224,029  

Multiplan Empreendimentos Imobiliarios S.A.

     30,820        185,235  

Odontoprev S.A.

     51,665        217,721  

Porto Seguro S.A.

     14,175        196,069  

Raia Drogasil S.A.

     12,188        204,506  

Sao Martinho S.A.

     35,031        165,087  

SLC Agricola S.A.

     15,207        160,444  
     

 

 

 
Total Brazil

 

     3,052,293  
Chile – 1.7%      

Cia Cervecerias Unidas S.A.

     16,932        242,409  

Colbun S.A.

     948,652        214,413  

Embotelladora Andina S.A. Class B, (Preference Shares)

     52,040        190,043  

Empresas CMPC S.A.

     45,896        161,873  

Latam Airlines Group S.A.

     19,877        211,338  

SONDA S.A.

     106,919        161,052  
     

 

 

 
Total Chile

 

     1,181,128  
China – 33.9%      

AAC Technologies Holdings, Inc.

     29,000        171,600  

Agile Group Holdings Ltd.

     186,000        300,919  

Agricultural Bank of China Ltd. Class H

     576,000        265,622  

Air China Ltd. Class H

     212,000        260,883  

Anhui Conch Cement Co., Ltd. Class A

     27,900        158,510  

Anhui Conch Cement Co., Ltd. Class H

     32,000        195,466  

ANTA Sports Products Ltd.

     59,000        401,353  

Anxin Trust Co., Ltd. Class A

     162,100        174,397  

BAIC Motor Corp., Ltd. Class H(a)

     340,000        222,193  

Bank of China Ltd. Class H

     1,089,000        493,868  

Beijing Capital International Airport Co., Ltd. Class H

     194,000        184,116  

BYD Electronic International Co., Ltd.(b)

     152,500        196,600  

China Cinda Asset Management Co., Ltd. Class H

     825,000        229,110  

China CITIC Bank Corp., Ltd. Class H

     346,000        220,384  

China Gas Holdings Ltd.

     77,400        272,134  

China International Travel Service Corp., Ltd. Class A

     17,800        185,623  

China Jinmao Holdings Group Ltd.

     496,000        323,508  

China Longyuan Power Group Corp., Ltd. Class H

     259,000        180,146  

China Medical System Holdings Ltd.

     183,000        177,406  

China Mobile Ltd.

     66,500        677,711  

China National Building Material Co., Ltd. Class H

     188,000        148,246  

China Petroleum & Chemical Corp. Class H

     466,000        367,460  

China Railway Construction Corp., Ltd. Class H

     160,000        209,530  

China Resources Beer Holdings Co., Ltd.

     70,000        294,715  

China Resources Cement Holdings Ltd.

     154,000      158,905  

China Resources Gas Group Ltd.

     56,000        263,951  

China Shenhua Energy Co., Ltd. Class H

     117,500        267,932  

China Southern Airlines Co., Ltd. Class H

     322,000        287,956  

China Yangtze Power Co., Ltd. Class A

     55,000        138,069  

China ZhengTong Auto Services Holdings Ltd.

     322,500        179,122  

Country Garden Holdings Co., Ltd.

     261,000        407,628  

CRRC Corp., Ltd. Class H

     226,000        213,046  

CSPC Pharmaceutical Group Ltd.

     156,000        290,142  

Dongyue Group Ltd.

     231,000        160,377  

Fufeng Group Ltd.*(b)

     299,000        156,928  

Future Land Development Holdings Ltd.

     368,000        455,667  

Fuyao Glass Industry Group Co., Ltd. Class H(a)

     59,200        198,717  

Ganfeng Lithium Co., Ltd. Class A

     30,000        123,166  

Geely Automobile Holdings Ltd.

     166,000        317,199  

Gree Electric Appliances, Inc. of Zhuhai Class A

     20,400        143,312  

Greenland Holdings Group Co., Ltd. Class A

     130,600        146,532  

Greentown Service Group Co., Ltd.

     296,000        262,442  

Guangzhou Automobile Group Co., Ltd. Class H

     196,400        231,929  

Haier Electronics Group Co., Ltd.*

     93,000        270,116  

Haitian International Holdings Ltd.

     104,000        236,353  

Hangzhou Hikvision Digital Technology Co., Ltd. Class A

     48,200        251,536  

Hangzhou Robam Appliances Co., Ltd. Class A

     32,200        154,287  

Huadong Medicine Co., Ltd. Class A

     19,200        93,226  

Huaneng Renewables Corp., Ltd. Class H

     722,000        200,506  

Inner Mongolia Yili Industrial Group Co., Ltd. Class A

     33,900        146,845  

Jiangsu Expressway Co., Ltd. Class H

     156,000        220,587  

Jiangsu Hengrui Medicine Co., Ltd. Class A

     19,800        192,750  

Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. Class A

     7,600        147,494  

Jinke Properties Group Co., Ltd. Class A

     135,200        146,865  

Kingboard Holdings Ltd.

     73,500        260,763  

Kingboard Laminates Holdings Ltd.

     202,000        212,294  

Kunlun Energy Co., Ltd.

     196,000        204,740  

Kweichow Moutai Co., Ltd. Class A

     3,100        393,942  

Lee & Man Paper Manufacturing Ltd.

     181,000        154,255  

Logan Property Holdings Co., Ltd.

     252,000        417,328  

Longfor Group Holdings Ltd.

     104,500        368,082  

LONGi Green Energy Technology Co., Ltd. Class A

     53,000        205,842  

New China Life Insurance Co., Ltd. Class H

     39,700        202,294  

Nexteer Automotive Group Ltd.

     159,000        196,473  

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

     26,100        299,442  

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

     67,500        755,833  

RiseSun Real Estate Development Co., Ltd. Class A

     108,500        181,635  

Shanghai 2345 Network Holding Group Co., Ltd. Class A

     163,200        147,167  

Shanxi Xinghuacun Fen Wine Factory Co., Ltd. Class A

     18,100        162,868  

Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. Class A

     138,500        104,078  

Shenzhou International Group Holdings Ltd.

     27,000        361,837  

Sihuan Pharmaceutical Holdings Group Ltd.

     935,000        226,307  

Silergy Corp.

     15,000        223,877  

Sinopec Shanghai Petrochemical Co., Ltd. Class A

     129,800        103,721  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     362,000      $ 172,470  

SSY Group Ltd.

     226,000        210,167  

Sunac China Holdings Ltd.

     100,000        498,092  

Sunny Optical Technology Group Co., Ltd.

     25,400        303,346  

Tencent Holdings Ltd.

     58,400        2,685,673  

Uni-President China Holdings Ltd.

     225,000        220,702  

Weichai Power Co., Ltd. Class A

     93,500        164,872  

Weichai Power Co., Ltd. Class H

     237,000        378,599  

Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., Ltd. Class A

     73,200        151,406  

Xinyi Solar Holdings Ltd.

     614,000        295,661  

Zhejiang Dahua Technology Co., Ltd. Class A

     54,800        133,897  

Zhongsheng Group Holdings Ltd.

     112,000        277,933  
     

 

 

 
Total China

 

     23,450,681  
Hong Kong – 0.3%      

China Water Affairs Group Ltd.

     226,000        236,078  
Hungary – 0.3%

 

MOL Hungarian Oil & Gas PLC

     20,354        232,929  
India – 12.1%

 

Adani Ports & Special Economic Zone Ltd.

     41,829        228,331  

AIA Engineering Ltd.

     8,850        229,455  

Asian Paints Ltd.

     9,184        197,892  

Aurobindo Pharma Ltd.

     17,999        203,763  

Bajaj Auto Ltd.

     6,105        256,547  

Balkrishna Industries Ltd.

     14,383        206,688  

Bharat Forge Ltd.

     22,885        169,271  

Britannia Industries Ltd.

     5,064        225,550  

Container Corp. of India Ltd.

     26,242        198,988  

Eicher Motors Ltd.

     734        217,712  

GAIL India Ltd.

     49,450        248,160  

Godrej Consumer Products Ltd.

     27,315        270,488  

Hindustan Unilever Ltd.

     13,571        334,363  

Info Edge India Ltd.

     11,004        292,680  

Infosys Ltd.

     53,332        572,660  

InterGlobe Aviation Ltd.(a)

     15,321        315,853  

JSW Steel Ltd.

     40,039        169,375  

Larsen & Toubro Infotech Ltd.(a)

     8,696        213,725  

Marico Ltd.

     50,601        253,206  

Maruti Suzuki India Ltd.

     3,172        305,526  

Motherson Sumi Systems Ltd.

     78,019        168,595  

Mphasis Ltd.

     12,398        177,375  

Natco Pharma Ltd.

     19,605        162,288  

Nestle India Ltd.

     1,827        289,075  

Page Industries Ltd.

     634        228,544  

Petronet LNG Ltd.

     78,514        285,098  

Pidilite Industries Ltd.

     12,410        223,255  

Power Grid Corp. of India Ltd.

     78,263        223,576  

Reliance Industries Ltd.

     36,730        722,803  

Sun Pharmaceutical Industries Ltd.

     27,052        186,992  

Titan Co., Ltd.

     20,995        346,058  

UPL Ltd.

     18,680        258,554  
     

 

 

 
Total India

 

     8,382,446  
Indonesia – 2.5%      

Adaro Energy Tbk PT

     1,873,700      176,975  

Bank Central Asia Tbk PT

     181,100        352,916  

Bank Danamon Indonesia Tbk PT

     368,600        240,729  

Bank Mandiri Persero Tbk PT*

     566,100        296,169  

Gudang Garam Tbk PT

     37,700        220,270  

Kalbe Farma Tbk PT

     2,333,331        249,063  

United Tractors Tbk PT

     92,700        176,091  
     

 

 

 
Total Indonesia

 

     1,712,213  
Malaysia – 2.3%      

CIMB Group Holdings Bhd

     152,300        192,124  

Hartalega Holdings Bhd

     141,600        160,590  

Inari Amertron Bhd

     414,175        159,279  

IOI Corp. Bhd

     160,500        175,341  

Malaysia Airports Holdings Bhd

     94,500        167,588  

My EG Services Bhd

     753,750        260,328  

Petronas Chemicals Group Bhd

     86,600        194,306  

Petronas Dagangan Bhd

     29,500        180,649  

Press Metal Aluminium Holdings Bhd

     111,400        123,065  
     

 

 

 
Total Malaysia

 

     1,613,270  
Mexico – 2.2%      

Bolsa Mexicana de Valores S.A.B. de C.V.

     125,858        260,573  

Fomento Economico Mexicano S.A.B. de C.V.

     34,625        319,787  

Gruma S.A.B. de C.V. Class B

     18,532        189,356  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     24,286        215,748  

Grupo Financiero Inbursa S.A.B. de C.V. Class O

     151,098        209,461  

Grupo Mexico S.A.B. de C.V. Series B

     73,222        201,424  

Industrias Penoles S.A.B. de C.V.

     8,773        109,713  
     

 

 

 
Total Mexico

 

     1,506,062  
Philippines – 1.1%      

International Container Terminal Services, Inc.

     109,120        271,605  

Jollibee Foods Corp.

     42,100        254,155  

SM Prime Holdings, Inc.

     320,900        243,838  
     

 

 

 
Total Philippines

 

     769,598  
Poland – 0.4%      

Polski Koncern Naftowy Orlen S.A.

     10,201        259,798  
Russia – 3.3%

 

Lukoil PJSC ADR

     6,211        556,506  

Magnitogorsk Iron & Steel Works PJSC GDR Reg S

     16,235        145,466  

Novatek PJSC GDR Reg S

     1,794        307,492  

Novolipetsk Steel PJSC GDR Reg S

     7,417        190,394  

Sberbank of Russia PJSC ADR

     42,267        560,460  

Severstal PJSC GDR Reg S

     11,254        175,562  

Tatneft PJSC ADR

     5,313        367,660  
     

 

 

 
Total Russia

 

     2,303,540  
Singapore – 0.5%      

IGG, Inc.

     230,000        318,779  
South Africa – 4.6%

 

African Rainbow Minerals Ltd.

     17,371        204,411  

AVI Ltd.

     28,234        176,770  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2019

 

 

 

Investments    Shares      Value  

Capitec Bank Holdings Ltd.

     3,376      $ 316,031  

Clicks Group Ltd.

     19,433        248,228  

Foschini Group Ltd. (The)

     17,204        194,453  

KAP Industrial Holdings Ltd.

     317,116        154,586  

Mondi Ltd.

     6,560        145,008  

Mr. Price Group Ltd.

     12,722        167,189  

Pick n Pay Stores Ltd.

     46,477        214,027  

PSG Group Ltd.

     12,628        228,983  

Shoprite Holdings Ltd.

     16,892        185,784  

SPAR Group Ltd. (The)

     14,521        193,207  

Standard Bank Group Ltd.

     27,522        353,499  

Tiger Brands Ltd.

     10,947        201,159  

Truworths International Ltd.

     35,705        171,800  
     

 

 

 
Total South Africa

 

     3,155,135  
South Korea – 11.8%      

CJ ENM Co., Ltd.

     953        195,621  

Coway Co., Ltd.

     3,000        249,758  

Daelim Industrial Co., Ltd.

     3,160        268,368  

Douzone Bizon Co., Ltd.

     5,049        207,280  

E-Mart, Inc.

     1,027        155,620  

GS Holdings Corp.

     3,815        177,457  

Hana Financial Group, Inc.

     7,037        225,660  

Hotel Shilla Co., Ltd.

     3,066        257,683  

KIWOOM Securities Co., Ltd.

     3,513        250,995  

Koh Young Technology, Inc.

     2,010        151,401  

Korea Investment Holdings Co., Ltd.

     3,586        196,186  

Kumho Petrochemical Co., Ltd.

     1,961        164,468  

LG Household & Health Care Ltd.

     297        370,759  

LG Household & Health Care Ltd. (Preference Shares)

     309        227,578  

LG Uplus Corp.

     13,396        182,335  

Lotte Chemical Corp.

     798        204,228  

LOTTE Fine Chemical Co., Ltd.

     4,217        163,835  

Medy-Tox, Inc.

     484        248,929  

Meritz Fire & Marine Insurance Co., Ltd.

     12,913        276,439  

NAVER Corp.

     2,926        319,641  

NCSoft Corp.

     811        354,379  

POSCO Chemical Co., Ltd.

     2,110        111,904  

S-1 Corp.

     2,357        208,685  

S-Oil Corp.

     2,098        165,607  

Samsung Electronics Co., Ltd.

     46,925        1,845,830  

Samsung SDS Co., Ltd.

     1,465        303,299  

SK Hynix, Inc.

     7,676        501,770  

Ssangyong Cement Industrial Co., Ltd.

     30,502        171,978  
     

 

 

 
Total South Korea

 

     8,157,693  
Taiwan – 11.8%      

Accton Technology Corp.

     79,000        319,122  

AU Optronics Corp.

     552,000        203,280  

Chailease Holding Co., Ltd.

     70,000        286,173  

China Life Insurance Co., Ltd.

     228,000        193,449  

China Steel Corp.

     209,000        171,564  

Chroma ATE, Inc.

     52,000        247,173  

CTBC Financial Holding Co., Ltd.

     377,000        250,147  

Feng TAY Enterprise Co., Ltd.

     39,680      280,665  

Formosa Chemicals & Fibre Corp.

     61,000        221,671  

Global Unichip Corp.

     27,000        180,026  

Gourmet Master Co., Ltd.

     31,000        206,194  

Grand Pacific Petrochemical

     182,000        141,429  

Hota Industrial Manufacturing Co., Ltd.

     43,383        159,763  

Lien Hwa Industrial Corp.

     160,000        174,689  

Micro-Star International Co., Ltd.

     85,000        238,559  

Nan Ya Plastics Corp.

     91,000        232,959  

Nien Made Enterprise Co., Ltd.

     32,000        281,890  

Parade Technologies Ltd.

     16,000        268,393  

President Chain Store Corp.

     24,000        236,336  

Realtek Semiconductor Corp.

     55,000        324,784  

Taiwan Semiconductor Manufacturing Co., Ltd.

     244,291        1,945,894  

TCI Co., Ltd.

     19,000        260,151  

Uni-President Enterprises Corp.

     116,000        281,527  

Vanguard International Semiconductor Corp.

     106,000        228,711  

Win Semiconductors Corp.

     50,000        352,850  

Winbond Electronics Corp.

     574,000        274,704  

Yageo Corp.(b)

     20,000        209,601  
     

 

 

 
Total Taiwan

 

     8,171,704  
Thailand – 4.7%      

Airports of Thailand PCL NVDR

     133,200        285,414  

Bangkok Chain Hospital PCL NVDR

     319,800        171,312  

Beauty Community PCL NVDR

     837,200        175,433  

Central Pattana PCL NVDR

     100,400        231,741  

CP ALL PCL NVDR

     112,017        263,850  

Energy Absolute PCL NVDR

     157,800        238,677  

Home Product Center PCL NVDR

     513,000        247,326  

Indorama Ventures PCL NVDR

     93,000        145,793  

IRPC PCL NVDR

     1,276,400        231,268  

PTT Global Chemical PCL NVDR

     79,500        168,469  

PTT PCL NVDR

     213,200        322,471  

Siam Global House PCL NVDR

     314,055        171,204  

Thai Oil PCL NVDR

     86,100        188,560  

Tisco Financial Group PCL NVDR

     84,300        234,425  

WHA Corp. PCL NVDR

     1,414,700        188,121  
     

 

 

 
Total Thailand

 

     3,264,064  
Turkey – 2.0%      

BIM Birlesik Magazalar AS

     14,474        195,221  

Eregli Demir ve Celik Fabrikalari T.A.S.

     102,784        165,921  

Ford Otomotiv Sanayi AS

     20,940        180,801  

Haci Omer Sabanci Holding AS

     136,025        188,763  

TAV Havalimanlari Holding AS

     37,354        154,319  

Tekfen Holding AS

     60,163        240,030  

Turkiye Garanti Bankasi AS

     164,569        242,939  
     

 

 

 
Total Turkey               1,367,994  

TOTAL COMMON STOCKS

(Cost: $60,273,528)

              69,135,405  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

March 31, 2019

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%

 

United States – 0.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $202,825)(d)      202,825      $ 202,825  

TOTAL INVESTMENTS IN SECURITIES—100.2%

(Cost: $60,476,353)

 

 

     69,338,230  

Other Assets less Liabilities – (0.2)%

 

     (149,247
     

 

 

 
NET ASSETS – 100.0%

 

   $ 69,188,983  
* 

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, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $439,964 and the total market value of the collateral held by the Fund was $489,423. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $286,598.

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

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

State Street Bank and Trust

    4/2/2019       1,459       USD       5,600       PLN     $     $ (2 ) 

 

CURRENCY LEGEND
PLN   Polish zloty
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Brazil – 6.9%      

AES Tiete Energia S.A.

     886,800      $ 2,524,795  

Alupar Investimento S.A.

     241,019        1,438,051  

Arezzo Industria e Comercio S.A.

     98,504        1,265,059  

Camil Alimentos S.A.

     366,616        641,533  

Cia de Locacao das Americas

     83,825        839,822  

Cia de Saneamento de Minas Gerais-COPASA

     351,112        5,509,780  

Cia de Saneamento do Parana

     406,544        7,829,605  

Cia Hering

     497,250        3,819,103  

Cia Paranaense de Energia

     73,794        608,677  

CVC Brasil Operadora e Agencia de Viagens S.A.

     75,512        1,062,333  

Duratex S.A.

     235,016        662,468  

EcoRodovias Infraestrutura e Logistica S.A.

     944,057        2,326,363  

EDP – Energias do Brasil S.A.

     943,839        4,118,094  

Estacio Participacoes S.A.

     323,490        2,211,073  

Ez Tec Empreendimentos e Participacoes S.A.

     454,286        3,128,418  

Fleury S.A.

     582,140        3,051,534  

Grendene S.A.

     708,081        1,524,711  

Guararapes Confeccoes S.A.

     14,425        533,751  

Iguatemi Empresa de Shopping Centers S.A.

     133,835        1,338,453  

Instituto Hermes Pardini S.A.

     112,769        588,229  

Iochpe Maxion S.A.

     312,079        1,720,095  

Linx S.A.

     188,615        1,793,241  

Mahle-Metal Leve S.A.

     164,258        1,025,636  

MRV Engenharia e Participacoes S.A.

     1,189,186        4,274,922  

Multiplus S.A.

     361,900        2,495,926  

Odontoprev S.A.

     394,155        1,661,007  

Qualicorp Consultoria e Corretora de Seguros S.A.

     1,577,416        6,355,547  

Sao Martinho S.A.

     349,071        1,645,030  

Ser Educacional S.A.(a)

     133,314        697,452  

SLC Agricola S.A.

     146,098        1,541,430  

Smiles Fidelidade S.A.

     314,206        3,851,177  

Sul America S.A.

     429,853        3,291,523  

Tegma Gestao Logistica S.A.

     141,412        958,565  

TOTVS S.A.

     159,015        1,609,885  

Transmissora Alianca de Energia Eletrica S.A.

     2,550,450        16,252,836  

Tupy S.A.

     342,624        1,595,279  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     155,194        768,852  

Via Varejo S.A.

     239,970        260,214  

Wiz Solucoes e Corretagem de Seguros S.A.

     527,968        1,153,154  
     

 

 

 
Total Brazil

 

     97,973,623  
Chile – 1.6%

 

CAP S.A.

     246,496        2,926,908  

Empresas Lipigas S.A.

     193,254        1,570,825  

Engie Energia Chile S.A.

     479,714        923,157  

Grupo Security S.A.

     3,108,490        1,263,085  

Inversiones Aguas Metropolitanas S.A.

     2,182,439        3,335,518  

Inversiones La Construccion S.A.

     154,924        2,693,796  

Parque Arauco S.A.

     1,221,014        3,265,727  

Ripley Corp. S.A.

     1,458,238      1,189,842  

Salfacorp S.A.

     439,500        597,858  

Sociedad Matriz SAAM S.A.

     14,992,042        1,497,937  

SONDA S.A.

     1,372,434        2,067,298  

Vina Concha y Toro S.A.

     682,723        1,422,183  
     

 

 

 
Total Chile

 

     22,754,134  
China – 23.9%

 

361 Degrees International Ltd.(b)

     3,834,000        727,732  

Anhui Anke Biotechnology Group Co., Ltd. Class A

     179,200        435,187  

Anhui Expressway Co., Ltd. Class H

     2,305,666        1,518,518  

Anhui Yingjia Distillery Co., Ltd. Class A

     349,500        945,494  

Anhui Zhongding Sealing Parts Co., Ltd. Class A

     879,100        1,619,484  

Asia Cement China Holdings Corp.

     837,000        824,210  

Ausnutria Dairy Corp., Ltd.

     669,000        893,142  

BAIC Motor Corp., Ltd. Class H(a)

     2,813,000        1,838,316  

Bank of Chongqing Co., Ltd. Class H(b)

     2,141,500        1,369,478  

Beijing Capital International Airport Co., Ltd. Class H

     3,970,000        3,767,731  

Beijing Capital Land Ltd. Class H(b)

     6,670,000        2,549,061  

Beijing Dahao Technology Corp. Ltd. Class A

     300,402        520,771  

Beijing Jingneng Clean Energy Co., Ltd. Class H

     7,792,000        1,667,598  

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     287,000        525,743  

Beijing Urban Construction Investment & Development Co., Ltd. Class A

     1,618,400        2,468,468  

CECEP COSTIN New Materials Group Ltd.*

     4,614,000        1  

Central China Real Estate Ltd.

     3,639,000        1,780,108  

Central China Securities Co., Ltd. Class H(b)

     5,063,000        1,547,933  

CGN New Energy Holdings Co., Ltd.*(a)

     1,650,000        250,129  

Changzhou Xingyu Automotive Lighting Systems Co., Ltd. Class A

     115,660        1,034,369  

Chaowei Power Holdings Ltd.(b)

     973,000        368,131  

Chengdu Xingrong Environment Co., Ltd. Class A

     1,314,300        909,422  

China Agri-Industries Holdings Ltd.

     3,114,000        1,067,097  

China Aoyuan Group Ltd.

     6,603,000        7,965,708  

China BlueChemical Ltd. Class H

     3,682,000        1,196,071  

China Communications Services Corp., Ltd. Class H

     4,066,000        3,625,756  

China Datang Corp. Renewable Power Co., Ltd. Class H

     3,239,000        383,731  

China Everbright Greentech Ltd.(a)(b)

     1,228,000        974,585  

China Harmony New Energy Auto Holding Ltd.(b)

     2,547,000        953,914  

China High Speed Transmission Equipment Group Co., Ltd.(b)

     819,000        709,457  

China Lesso Group Holdings Ltd.

     5,705,000        3,691,922  

China Lilang Ltd.

     2,672,000        3,015,805  

China Maple Leaf Educational Systems Ltd.(b)

     2,862,000        1,378,144  

China Meidong Auto Holdings Ltd.

     1,188,000        576,600  

China New Higher Education Group Ltd.(a)(b)

     575,000        281,276  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  

China Overseas Grand Oceans Group Ltd.

     3,600,000      $ 1,958,229  

China Overseas Property Holdings Ltd.

     2,145,000        1,030,153  

China Power Clean Energy Development Co., Ltd.

     1,484,000        975,476  

China Power International Development Ltd.

     18,538,000        4,746,703  

China Railway Signal & Communication Corp., Ltd. Class H(a)

     3,907,000        3,090,780  

China Reinsurance Group Corp. Class H

     19,151,000        4,049,791  

China Resources Medical Holdings Co., Ltd.

     985,500        708,058  

China Sanjiang Fine Chemicals Co., Ltd.

     4,337,000        1,182,323  

China SCE Group Holdings Ltd.

     10,882,000        5,669,766  

China Shineway Pharmaceutical Group Ltd.

     836,000        837,070  

China South City Holdings Ltd.

     15,562,000        2,497,866  

China Suntien Green Energy Corp., Ltd. Class H

     8,152,000        2,481,962  

China Tian Lun Gas Holdings Ltd.(b)

     553,000        634,721  

China Travel International Investment Hong Kong Ltd.

     6,514,000        1,659,628  

China Yongda Automobiles Services Holdings Ltd.(b)

     5,046,500        3,998,653  

China Yuhua Education Corp., Ltd.(a)

     2,420,000        992,669  

China ZhengTong Auto Services Holdings Ltd.(b)

     4,511,000        2,505,489  

Chinasoft International Ltd.*(b)

     638,000        394,181  

Chinese Universe Publishing and Media Group Co., Ltd. Class A

     1,243,900        2,811,649  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     11,783,000        6,799,660  

Chow Tai Seng Jewellery Co., Ltd. Class A

     100,400        523,947  

CIMC Enric Holdings Ltd.

     574,000        588,628  

CITIC Guoan Information Industry Co., Ltd. Class A

     1,923,200        1,699,921  

CITIC Resources Holdings Ltd.(b)

     7,366,000        684,995  

CITIC Telecom International Holdings Ltd.

     7,733,000        3,477,409  

CMST Development Co., Ltd. Class A

     524,200        528,085  

COFCO Tunhe Sugar Co., Ltd. Class A

     1,158,600        1,551,650  

Cogobuy Group*(a)

     1,175,000        432,582  

Colour Life Services Group Co., Ltd.*(b)

     1,325,000        962,108  

Consun Pharmaceutical Group Ltd.

     994,000        729,360  

COSCO Shipping Energy Transportation Co., Ltd. Class H

     1,366,000        783,062  

CPMC Holdings Ltd.(b)

     2,780,000        1,115,549  

CT Environmental Group Ltd.(b)

     6,050,000        262,040  

Dah Chong Hong Holdings Ltd.

     3,916,000        1,411,764  

Dalian Port PDA Co., Ltd. Class A

     2,351,500        871,289  

Dongyue Group Ltd.

     4,169,000        2,894,420  

Dr Peng Telecom & Media Group Co., Ltd. Class A

     1,159,200        1,826,721  

Elion Clean Energy Co., Ltd. Class A

     695,000        749,792  

Eternal Asia Supply Chain Management Ltd. Class A

     920,800        781,012  

Fantasia Holdings Group Co., Ltd.*(b)

     10,192,500        2,025,529  

Fu Shou Yuan International Group Ltd.

     994,000        911,700  

Fufeng Group Ltd.*(b)

     4,232,000        2,221,140  

Fujian Funeng Co., Ltd. Class A

     178,400        255,911  

Goodbaby International Holdings Ltd.(b)

     1,630,000      473,430  

Grand Baoxin Auto Group Ltd.(b)

     2,757,000        951,786  

Greatview Aseptic Packaging Co., Ltd.

     2,950,000        1,800,075  

Greenland Hong Kong Holdings Ltd.

     4,996,000        2,030,235  

Greentown China Holdings Ltd.

     2,203,500        2,200,707  

Greentown Service Group Co., Ltd.(b)

     1,174,000        1,040,903  

GRG Banking Equipment Co., Ltd. Class A

     1,616,882        1,756,382  

Guangdong Provincial Expressway Development Co., Ltd. Class A

     986,400        1,332,775  

Guangdong Tapai Group Co., Ltd. Class A

     907,400        1,671,619  

Guangzhou R&F Properties Co., Ltd. Class H

     8,944,800        19,348,238  

Guorui Properties Ltd.

     2,104,000        428,843  

Guotai Junan International Holdings Ltd.(b)

     16,148,000        3,270,762  

Guoxuan High-Tech Co., Ltd. Class A

     294,600        771,110  

Haisco Pharmaceutical Group Co., Ltd. Class A

     282,600        620,272  

Hangzhou Binjiang Real Estate Group Co., Ltd. Class A

     1,502,100        1,057,250  

Hefei Meiya Optoelectronic Technology, Inc. Class A

     199,400        824,281  

Henan Senyuan Electric Co., Ltd. Class A

     263,600        573,470  

Hisense Electric Co., Ltd. Class A

     718,900        1,125,387  

Hisense Home Appliances Group Co., Ltd. Class H

     2,436,000        3,425,938  

Hopson Development Holdings Ltd.

     2,734,000        2,664,361  

Huabao International Holdings Ltd.

     4,706,000        2,385,987  

Huadian Fuxin Energy Corp., Ltd. Class H

     7,010,000        1,553,819  

Huafa Industrial Co., Ltd. Zhuhai Class A

     3,519,000        4,859,427  

Huaneng Renewables Corp., Ltd. Class H

     8,664,000        2,406,069  

Huayi Brothers Media Corp. Class A

     556,000        450,909  

Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia Class A

     926,900        1,256,519  

Inner Mongolia MengDian HuaNeng Thermal Power Corp. Ltd. Class A

     1,165,700        508,244  

Jiangsu Changshu Rural Commercial Bank Co., Ltd. Class A

     1,336,600        1,491,697  

Jiangsu Yangnong Chemical Co., Ltd. Class A

     120,373        991,256  

Jingrui Holdings Ltd.

     4,191,000        1,377,433  

Jiuzhitang Co., Ltd. Class A

     451,400        881,950  

Jizhong Energy Resources Co., Ltd. Class A

     1,259,200        813,209  

JNBY Design Ltd.

     918,500        1,846,372  

Joincare Pharmaceutical Group Industry Co., Ltd. Class A

     779,300        1,023,960  

Kaisa Group Holdings Ltd.*

     9,220,000        4,181,326  

Lonking Holdings Ltd.

     9,617,000        3,111,762  

Luenmei Quantum Co., Ltd. Class A

     730,100        1,471,021  

Northeast Securities Co., Ltd. Class A

     1,049,600        1,589,972  

ORG Technology Co., Ltd. Class A

     2,465,600        2,197,694  

Oriental Energy Co., Ltd. Class A

     384,400        565,143  

Pacific Securities Co., Ltd. (The) Class A

     1,760,700        1,108,265  

Poly Property Group Co., Ltd.

     8,765,000        3,416,697  

Powerlong Real Estate Holdings Ltd.

     9,240,800        4,838,208  

Q Technology Group Co., Ltd.(b)

     681,000        577,769  

Rainbow Department Store Co., Ltd. Class A

     477,100        1,036,526  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Realcan Pharmaceutical Group Co., Ltd. Class A

     417,400      $ 562,107  

Redco Group(a)(b)

     1,392,000        656,106  

Saurer Intelligent Technology Co., Ltd. Class A

     397,200        491,166  

Sealand Securities Co., Ltd. Class A

     2,979,400        2,731,035  

Shandong Chenming Paper Holdings Ltd. Class H

     2,500,500        1,608,612  

Shanghai Industrial Urban Development Group Ltd.

     6,410,000        1,363,665  

Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H

     4,545,587        1,227,606  

Shanghai La Chapelle Fashion Co., Ltd. Class H(a)

     920,600        528,909  

Shanghai Mechanical and Electrical Industry Co., Ltd. Class A

     481,098        1,259,265  

Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. Class A

     245,246        649,956  

Shenzhen Expressway Co., Ltd. Class H

     2,593,697        3,039,766  

Shenzhen Huaqiang Industry Co., Ltd. Class A

     194,401        643,066  

Shenzhen Sunlord Electronics Co., Ltd. Class A

     662,100        1,863,086  

Shenzhen Suntak Circuit Technology Co., Ltd. Class A

     208,600        526,141  

Shijiazhuang Yiling Pharmaceutical Co., Ltd. Class A

     304,300        590,017  

Shougang Fushan Resources Group Ltd.

     19,882,000        4,558,959  

Shui On Land Ltd.

     17,921,000        4,428,912  

Sichuan Hebang Biotechnology Co., Ltd. Class A

     3,448,800        1,011,002  

Sichuan Languang Development Co., Ltd. Class A

     1,001,500        1,099,829  

Sihuan Pharmaceutical Holdings Group Ltd.

     5,379,000        1,301,932  

Sinochem International Corp. Class A

     622,600        735,610  

Sinopec Engineering Group Co., Ltd. Class H

     3,313,900        3,233,712  

Sinopec Kantons Holdings Ltd.

     3,230,000        1,468,939  

SITC International Holdings Co., Ltd.

     5,597,000        5,746,765  

Skyworth Digital Holdings Ltd.

     6,272,000        2,133,293  

Springland International Holdings Ltd.

     2,818,000        577,963  

Sunwoda Electronic Co., Ltd. Class A

     951,800        1,686,845  

Taiji Computer Corp. Ltd. Class A

     90,200        501,857  

TangShan Port Group Co., Ltd. Class A

     3,443,000        1,659,968  

TCL Electronics Holdings Ltd.

     3,516,000        1,921,495  

Tian Ge Interactive Holdings Ltd.(a)

     1,045,000        415,340  

Tiangong International Co., Ltd.(b)

     2,222,000        520,829  

Tianjin Guangyu Development Co., Ltd. Class A

     404,400        554,228  

Tianjin Port Co., Ltd. Class A

     644,200        845,487  

Tianneng Power International Ltd.

     3,364,000        3,025,477  

Times China Holdings Ltd.(b)

     2,997,000        6,215,474  

Tong Ren Tang Technologies Co., Ltd. Class H(b)

     991,888        1,331,792  

TravelSky Technology Ltd. Class H

     1,307,000        3,454,831  

Tsaker Chemical Group Ltd.(a)

     164,500        71,668  

Virscend Education Co., Ltd.(a)

     1,282,000        594,460  

Wangfujing Group Co., Ltd. Class A

     309,800      868,982  

West China Cement Ltd.

     6,886,000        912,291  

Western Mining Co., Ltd. Class A

     1,268,300        1,219,193  

Wisdom Education International Holdings Co., Ltd.

     720,000        349,454  

Wuxi Taiji Industry Co., Ltd. Class A

     753,300        853,042  

Xiabuxiabu Catering Management China Holdings Co., Ltd.*(a)(b)

     413,500        720,601  

Xiamen ITG Group Corp. Ltd. Class A

     1,675,700        2,291,551  

Xingda International Holdings Ltd.

     4,583,000        1,442,049  

Xiwang Special Steel Co., Ltd.

     5,965,000        1,162,612  

XTEP International Holdings Ltd.

     4,518,800        3,229,380  

Yadea Group Holdings Ltd.(a)(b)

     1,316,000        466,051  

Yang Quan Coal Industry Group Co., Ltd. Class A

     1,587,300        1,438,448  

YiChang HEC ChangJiang Pharmaceutical Co., Ltd. Class H(a)(b)

     218,400        945,942  

Yifan Pharmaceutical Co., Ltd. Class A

     999,700        1,971,076  

Yuexiu Property Co., Ltd.

     36,820,000        8,864,999  

Yuexiu Transport Infrastructure Ltd.

     3,104,000        2,526,712  

Yunnan Aluminium Co., Ltd. Class A

     945,800        686,811  

Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd. Class A

     111,103        418,277  

Yuzhou Properties Co., Ltd.

     15,594,000        9,416,055  

Zhaojin Mining Industry Co., Ltd. Class H

     1,107,000        1,108,417  

Zhejiang Jiahua Energy Chemical Industry Co., Ltd. Class A

     1,258,900        2,442,793  

Zhejiang Runtu Co., Ltd. Class A

     862,200        1,825,705  

Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A

     1,899,968        2,287,245  

Zhejiang Wanliyang Co., Ltd. Class A

     368,900        422,685  

Zhenro Properties Group Ltd.(b)

     2,598,000        1,807,028  

Zhou Hei Ya International Holdings Co., Ltd.(a)(b)

     1,543,500        819,928  
     

 

 

 
Total China

 

     340,338,088  
Czech Republic – 0.7%

 

Moneta Money Bank AS(a)

     2,935,372        10,131,278  
Hong Kong – 1.2%

 

C&D International Investment Group Ltd.(b)

     855,000        984,618  

Canvest Environmental Protection Group Co., Ltd.(b)

     782,000        391,501  

China Water Affairs Group Ltd.

     2,042,000        2,133,058  

Citychamp Watch & Jewellery Group Ltd.

     5,060,000        1,050,682  

CP Pokphand Co., Ltd.

     15,066,000        1,362,666  

Crystal International Group Ltd.(a)

     1,632,000        856,545  

Hua Han Health Industry Holdings Ltd.*(b)

     8,880,000        299,773  

IMAX China Holding, Inc.(a)

     286,400        712,174  

Joy City Property Ltd.

     11,004,000        1,527,954  

LVGEM China Real Estate Investment Co., Ltd.(b)

     2,504,000        720,901  

NetDragon Websoft Holdings Ltd.

     362,000        909,387  

Pou Sheng International Holdings Ltd.(b)

     2,129,000        461,060  

Stella International Holdings Ltd.

     2,894,000        4,350,244  

Vinda International Holdings Ltd.

     513,000        992,024  
     

 

 

 
Total Hong Kong

 

     16,752,587  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Hungary – 0.2%

 

Magyar Telekom Telecommunications PLC

     1,592,072      $ 2,567,851  
India – 3.3%

 

AIA Engineering Ltd.

     19,026        493,289  

Amara Raja Batteries Ltd.

     36,090        375,070  

Anveshan Heavy Engineering Ltd.*

     4,392        35,409  

Apollo Hospitals Enterprise Ltd.

     40,202        712,407  

Apollo Tyres Ltd.

     267,875        861,338  

Arvind Fashions Ltd.*

     23,720        357,195  

Arvind Ltd.

     120,598        158,331  

Bajaj Corp., Ltd.*

     174,593        778,517  

Bata India Ltd.

     24,931        505,656  

Birlasoft Ltd.*

     111,739        159,120  

Care Ratings Ltd.

     69,396        991,328  

Castrol India Ltd.

     792,314        1,903,155  

Ceat Ltd.

     21,182        342,428  

CESC Ltd.

     85,550        902,304  

Chennai Petroleum Corp., Ltd.

     231,475        913,203  

Cochin Shipyard Ltd.(a)

     135,319        764,936  

Coromandel International Ltd.

     107,913        790,557  

Crompton Greaves Consumer Electricals Ltd.

     319,489        1,047,822  

DCM Shriram Ltd.

     75,528        451,369  

Engineers India Ltd.

     489,088        828,149  

Federal Bank Ltd.

     1,627,570        2,266,029  

GHCL Ltd.

     93,028        330,550  

Graphite India Ltd.

     99,146        639,601  

Greaves Cotton Ltd.

     242,922        488,123  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     71,463        315,613  

Gujarat Pipavav Port Ltd.

     555,534        797,916  

HEG Ltd.

     23,533        711,170  

HeidelbergCement India Ltd.

     213,508        559,544  

Hexaware Technologies Ltd.

     99,634        496,624  

IDFC Bank Ltd.

     2,403,279        1,925,399  

Indian Hotels Co., Ltd. (The)

     200,339        447,961  

Info Edge India Ltd.

     24,833        660,499  

IRB Infrastructure Developers Ltd.

     512,247        1,071,079  

Jain Irrigation Systems Ltd.

     462,149        392,935  

JM Financial Ltd.

     443,444        602,354  

Kajaria Ceramics Ltd.

     55,401        471,718  

Karnataka Bank Ltd. (The)

     550,721        1,062,488  

Karur Vysya Bank Ltd. (The)

     461,609        475,102  

KPIT Technologies Ltd.*

     108,028        127,326  

L&T Technology Services Ltd.(a)

     10,238        232,359  

Mahanagar Gas Ltd.

     55,780        849,523  

Mangalore Refinery & Petrochemicals Ltd.

     677,893        727,065  

Mindtree Ltd.

     75,716        1,032,317  

Motilal Oswal Financial Services Ltd.

     47,021        408,681  

Multi Commodity Exchange of India Ltd.

     51,454        599,102  

Natco Pharma Ltd.

     94,136        779,246  

National Aluminium Co., Ltd.

     3,278,116        2,623,912  

NBCC India Ltd.

     776,155        742,823  

NCC Ltd.

     564,061        918,864  

NIIT Technologies Ltd.

     28,699        549,268  

NLC India Ltd.

     989,397      991,182  

Persistent Systems Ltd.

     41,806        379,920  

PI Industries Ltd.

     61,243        912,302  

Rallis India Ltd.

     249,005        589,129  

Redington India Ltd.

     623,758        923,369  

Reliance Infrastructure Ltd.

     384,024        759,456  

Sanofi India Ltd.

     6,422        542,113  

Sobha Ltd.

     88,038        656,520  

Sonata Software Ltd.

     72,716        354,474  

South Indian Bank Ltd. (The)

     2,745,085        653,828  

SRF Ltd.

     13,571        470,749  

Sundram Fasteners Ltd.

     58,017        474,395  

Supreme Industries Ltd.

     61,928        998,849  

Tata Global Beverages Ltd.

     219,772        647,023  

Torrent Power Ltd.

     249,183        926,231  
     

 

 

 
Total India

 

     46,956,314  
Indonesia – 2.9%

 

Ace Hardware Indonesia Tbk PT

     8,228,600        1,028,575  

Adhi Karya Persero Tbk PT

     5,155,000        595,504  

AKR Corporindo Tbk PT

     7,578,145        2,511,857  

Astra Agro Lestari Tbk PT

     1,325,666        1,044,986  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT*

     17,918,200        2,529,184  

Bank Pembangunan Daerah Jawa Timur Tbk PT

     17,729,800        809,296  

Bank Tabungan Negara Persero Tbk PT

     9,336,616        1,599,813  

Barito Pacific Tbk PT

     6,536,400        1,647,871  

Ciputra Development Tbk PT

     10,081,000        707,935  

Indika Energy Tbk PT

     7,141,300        915,230  

Indo Tambangraya Megah Tbk PT

     3,971,600        6,672,790  

Japfa Comfeed Indonesia Tbk PT

     18,375,800        2,264,714  

Jasa Marga Persero Tbk PT

     2,644,500        1,109,613  

Link Net Tbk PT

     3,948,300        1,244,934  

Matahari Department Store Tbk PT

     14,867,600        4,270,259  

Media Nusantara Citra Tbk PT

     16,039,740        844,790  

Pakuwon Jati Tbk PT

     15,576,000        754,736  

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     8,405,000        613,848  

PP Persero Tbk PT

     5,988,600        874,739  

Ramayana Lestari Sentosa Tbk PT

     5,119,700        639,962  

Sawit Sumbermas Sarana Tbk PT

     4,191,100        313,450  

Sri Rejeki Isman Tbk PT

     11,081,600        263,032  

Surya Citra Media Tbk PT

     19,746,200        2,294,941  

Timah Tbk PT

     6,514,700        574,154  

Tower Bersama Infrastructure Tbk PT

     3,274,303        905,952  

Waskita Beton Precast Tbk PT

     53,528,300        1,511,122  

Waskita Karya Persero Tbk PT

     13,417,800        1,870,389  

Wijaya Karya Persero Tbk PT

     5,929,300        899,388  
     

 

 

 
Total Indonesia

 

     41,313,064  
Malaysia – 5.0%

 

Aeon Co. M Bhd

     924,800        332,996  

AirAsia Group Bhd

     5,886,300        3,835,287  

Alliance Bank Malaysia Bhd

     2,860,647        2,865,902  

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Astro Malaysia Holdings Bhd

     13,565,100      $ 5,083,797  

Berjaya Sports Toto Bhd

     2,132,000        1,263,794  

Bermaz Auto Bhd

     3,235,580        1,791,160  

British American Tobacco Malaysia Bhd

     469,100        4,152,670  

Bursa Malaysia Bhd

     1,740,750        2,929,321  

Cahya Mata Sarawak Bhd

     1,122,500        918,347  

DRB-Hicom Bhd

     738,000        343,466  

Econpile Holdings Bhd

     1,264,000        156,355  

Ekovest Bhd

     3,780,300        458,359  

FGV Holdings Bhd*

     4,186,200        1,209,973  

Gamuda Bhd

     8,595,400        6,063,626  

Genting Plantations Bhd

     498,000        1,293,031  

Globetronics Technology Bhd

     1,738,833        741,107  

Heineken Malaysia Bhd

     372,400        2,189,247  

IJM Corp. Bhd

     7,533,800        4,096,763  

Inari Amertron Bhd

     5,049,975        1,942,060  

IOI Properties Group Bhd

     4,252,200        1,374,869  

Kossan Rubber Industries Bhd

     612,200        527,849  

KPJ Healthcare Bhd

     4,047,300        971,550  

Mah Sing Group Bhd

     5,871,577        1,337,555  

Malakoff Corp. Bhd

     6,943,363        1,547,694  

Malaysian Pacific Industries Bhd

     225,000        551,133  

Malaysian Resources Corp. Bhd

     3,860,543        836,884  

My EG Services Bhd

     1,899,500        656,043  

Padini Holdings Bhd

     565,200        497,016  

Pos Malaysia Bhd

     1,074,700        481,739  

QL Resources Bhd

     457,300        770,661  

Scientex Bhd

     546,100        1,143,700  

Serba Dinamik Holdings Bhd

     770,100        711,152  

Sime Darby Bhd

     10,665,800        2,899,948  

SKP Resources Bhd

     2,032,600        667,161  

SP Setia Bhd

     6,716,540        3,734,610  

Sunway Bhd

     6,483,361        2,667,985  

Sunway Construction Group Bhd

     1,954,500        914,414  

Supermax Corp. Bhd

     1,705,800        614,213  

TIME dotCom Bhd

     355,000        756,522  

Uchi Technologies Bhd

     1,559,700        1,020,061  

Unisem M Bhd

     1,315,600        853,972  

VS Industry Bhd

     2,930,225        767,995  

WCT Holdings Bhd

     2,478,300        503,855  

Yinson Holdings Bhd

     669,100        753,916  

YTL Power International Bhd

     11,729,000        2,470,775  
     

 

 

 
Total Malaysia

 

     71,700,533  
Mexico – 1.7%

 

Bolsa Mexicana de Valores S.A.B. de C.V.

     1,512,378        3,131,182  

Corp. Inmobiliaria Vesta S.A.B. de C.V.

     2,245,758        3,249,822  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     884,982        5,003,986  

Grupo Cementos de Chihuahua S.A.B. de C.V.

     89,520        494,408  

Grupo Comercial Chedraui S.A. de C.V.

     185,206        359,384  

Grupo Herdez S.A.B. de C.V.

     495,483        1,106,040  

Grupo Rotoplas S.A.B. de C.V.*(b)

     386,490        404,472  

Macquarie Mexico Real Estate Management S.A. de C.V.*(a)

     3,608,572      3,912,271  

Megacable Holdings S.A.B. de C.V. Series CPO

     432,386        2,007,733  

Prologis Property Mexico S.A. de C.V.

     1,466,046        2,826,659  

Qualitas Controladora S.A.B. de C.V.

     242,821        597,242  

Regional S.A.B. de C.V.

     258,499        1,304,789  

Unifin Financiera S.A.B. de C.V. SOFOM ENR(b)

     195,679        418,948  
     

 

 

 
Total Mexico

 

     24,816,936  
Philippines – 0.8%

 

Cosco Capital, Inc.

     3,510,200        511,389  

D&L Industries, Inc.

     6,185,300        1,323,991  

Manila Water Co., Inc.

     2,144,845        941,510  

Pilipinas Shell Petroleum Corp.

     1,541,710        1,450,399  

Robinsons Land Corp.

     3,223,726        1,504,119  

Robinsons Retail Holdings, Inc.

     318,990        479,913  

Security Bank Corp.

     465,360        1,533,180  

Semirara Mining & Power Corp.

     5,058,600        2,114,574  

Vista Land & Lifescapes, Inc.

     10,090,900        1,389,396  
     

 

 

 
Total Philippines

 

     11,248,471  
Poland – 1.0%

 

Asseco Poland S.A.

     410,995        5,563,765  

Ciech S.A.

     264,381        3,699,686  

Eurocash S.A.(b)

     281,208        1,604,870  

Grupa Azoty S.A.

     219,034        2,353,822  

Warsaw Stock Exchange

     149,483        1,520,622  
     

 

 

 
Total Poland

 

     14,742,765  
Singapore – 0.3%

 

IGG, Inc.

     2,634,000        3,650,714  
South Africa – 8.5%

 

Adcock Ingram Holdings Ltd.

     183,656        783,208  

Advtech Ltd.

     1,164,904        993,556  

Aeci Ltd.

     423,155        2,809,834  

African Rainbow Minerals Ltd.

     522,878        6,152,892  

Alexander Forbes Group Holdings Ltd.

     3,961,933        1,381,886  

Astral Foods Ltd.

     296,488        3,447,351  

Attacq Ltd.

     2,904,602        2,890,251  

AVI Ltd.

     1,131,626        7,084,997  

Barloworld Ltd.

     578,415        5,093,782  

Blue Label Telecoms Ltd.*

     3,219,520        837,181  

Cashbuild Ltd.(b)

     60,390        1,036,424  

City Lodge Hotels Ltd.

     110,526        915,937  

Coronation Fund Managers Ltd.

     1,888,957        6,017,418  

Dis-Chem Pharmacies Ltd.(a)(b)

     337,085        566,590  

Equites Property Fund Ltd.

     1,965,081        2,658,489  

Foschini Group Ltd. (The)

     829,337        9,373,801  

Hosken Consolidated Investments Ltd.

     79,032        612,637  

Hyprop Investments Ltd.

     1,615,503        7,895,339  

Investec Ltd.

     1,066,025        6,234,449  

JSE Ltd.

     275,380        2,523,079  

KAP Industrial Holdings Ltd.

     4,839,946        2,359,353  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Massmart Holdings Ltd.(b)

     279,402      $ 1,540,259  

Metair Investments Ltd.

     694,831        1,102,864  

Mpact Ltd.

     437,519        741,776  

Murray & Roberts Holdings Ltd.

     780,996        773,347  

Omnia Holdings Ltd.(b)

     209,817        740,552  

Peregrine Holdings Ltd.

     1,421,532        1,853,154  

Pick n Pay Stores Ltd.

     816,024        3,757,799  

Pioneer Foods Group Ltd.

     508,327        2,824,107  

Raubex Group Ltd.

     598,863        835,512  

Reunert Ltd.

     789,357        3,886,234  

Santam Ltd.(b)

     120,995        2,527,251  

SPAR Group Ltd. (The)

     622,285        8,279,729  

Telkom S.A. SOC Ltd.

     1,636,271        8,273,685  

Tongaat Hulett Ltd.

     295,167        441,279  

Trencor Ltd.

     489,654        906,562  

Truworths International Ltd.

     1,769,655        8,514,960  

Tsogo Sun Holdings Ltd.

     2,185,760        2,926,725  
     

 

 

 
Total South Africa

 

     121,594,249  
South Korea – 7.8%

 

Aekyung Petrochemical Co., Ltd.

     58,217        475,440  

Ahnlab, Inc.

     12,271        565,389  

Bukwang Pharmaceutical Co., Ltd.

     27,420        461,388  

Caregen Co., Ltd.

     7,384        497,644  

Cheil Worldwide, Inc.

     204,345        4,356,576  

Chong Kun Dang Pharmaceutical Corp.

     4,709        423,150  

Com2uS Corp.

     7,323        673,528  

Daesang Corp.

     38,072        950,878  

Daewoong Pharmaceutical Co., Ltd.

     417        67,596  

Daishin Securities Co., Ltd.

     155,780        1,509,629  

DB HiTek Co., Ltd.

     58,829        647,839  

DGB Financial Group, Inc.

     427,460        3,076,688  

Dongsuh Cos., Inc.

     152,912        2,653,833  

DONGSUNG Corp.

     125,630        587,697  

Douzone Bizon Co., Ltd.

     11,713        480,861  

Eugene Corp.

     128,320        751,765  

F&F Co., Ltd.

     7,569        537,452  

Grand Korea Leisure Co., Ltd.

     82,873        1,653,664  

Green Cross Corp.

     3,700        471,016  

Green Cross Holdings Corp.

     36,366        772,109  

Halla Holdings Corp.

     24,337        872,624  

Hana Tour Service, Inc.

     18,732        1,194,782  

Hancom, Inc.

     36,074        427,447  

Handsome Co., Ltd.

     11,390        447,031  

Hanjin Kal Corp.

     30,518        690,963  

Hankook Tire Worldwide Co., Ltd.

     47,625        652,426  

Hanmi Semiconductor Co., Ltd.

     85,920        606,307  

Hansae Co., Ltd.

     39,386        988,901  

Hansol Chemical Co., Ltd.

     11,954        867,773  

Hansol Paper Co., Ltd.

     36,258        471,153  

Hanssem Co., Ltd.

     21,099        1,706,359  

Hanwha Corp.

     88,172        2,361,403  

Hanwha General Insurance Co., Ltd.

     57,084        259,998  

Harim Holdings Co., Ltd.

     55,831        570,557  

Hite Jinro Co., Ltd.(b)

     144,717      2,358,616  

Huchems Fine Chemical Corp.

     92,312        1,813,547  

Huvis Corp.

     51,865        364,622  

Hyundai Corp.

     13,584        298,582  

Hyundai Department Store Co., Ltd.

     10,473        931,876  

Hyundai Elevator Co., Ltd.

     5,371        423,018  

Iljin Materials Co., Ltd.

     22,602        738,732  

iMarketKorea, Inc.

     142,177        1,203,701  

Innocean Worldwide, Inc.

     15,448        951,295  

IS Dongseo Co., Ltd.

     46,716        1,292,294  

It’s Hanbul Co., Ltd.

     8,919        236,509  

Jahwa Electronics Co., Ltd.

     42,149        525,424  

JB Financial Group Co., Ltd.

     163,899        804,262  

Jeju Air Co., Ltd.

     21,243        740,164  

JW Life Science Corp.

     19,883        431,782  

KEPCO Plant Service & Engineering Co., Ltd.

     91,118        2,793,504  

Kginicis Co., Ltd.

     18,342        213,298  

KIWOOM Securities Co., Ltd.

     16,287        1,163,665  

Koh Young Technology, Inc.

     7,323        551,596  

Kolon Industries, Inc.

     29,980        1,336,436  

Korea Autoglass Corp.

     32,807        465,327  

Korea Petrochemical Ind Co., Ltd.

     8,566        1,184,796  

Korean Reinsurance Co.

     289,158        2,330,892  

KT Skylife Co., Ltd.

     48,618        505,411  

Kumho Industrial Co., Ltd.(b)

     62,513        526,495  

Kumho Petrochemical Co., Ltd.

     16,319        1,368,663  

Kyobo Securities Co., Ltd.

     65,355        541,794  

Kyungdong Pharm Co., Ltd.

     65,821        608,863  

LEENO Industrial, Inc.

     15,595        820,211  

LF Corp.

     28,563        629,086  

LG Hausys Ltd.

     14,941        798,977  

Lock&Lock Co., Ltd.

     13,884        248,911  

LOTTE Fine Chemical Co., Ltd.

     27,107        1,053,140  

LOTTE Himart Co., Ltd.

     20,296        915,475  

LS Corp.

     47,247        2,176,917  

LS Industrial Systems Co., Ltd.

     21,784        911,585  

Meritz Financial Group, Inc.

     157,151        1,965,945  

Meritz Fire & Marine Insurance Co., Ltd.

     261,666        5,601,695  

Meritz Securities Co., Ltd.

     1,200,706        5,167,341  

Mirae Asset Life Insurance Co., Ltd.

     144,475        654,217  

Modetour Network, Inc.

     32,024        651,709  

Moorim P&P Co., Ltd.

     37,409        187,193  

Muhak Co., Ltd.

     48,282        542,327  

Nexen Tire Corp.

     55,882        488,371  

NICE Information Service Co., Ltd.

     64,714        724,049  

NongShim Co., Ltd.

     5,616        1,528,803  

NS Shopping Co., Ltd.

     51,084        533,297  

OCI Co., Ltd.

     31,275        2,559,640  

Partron Co., Ltd.

     123,230        1,443,890  

Poongsan Corp.

     42,148        1,073,101  

Posco International Corp.

     90,156        1,409,804  

PSK, Inc.

     34,980        505,393  

S&T Motiv Co., Ltd.

     30,769        1,046,325  

Samick THK Co., Ltd.(b)

     19,387        254,485  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Samjin Pharmaceutical Co., Ltd.

     12,746      $ 428,385  

Seah Besteel Corp.

     50,853        857,929  

Seoul Semiconductor Co., Ltd.

     32,091        583,807  

SFA Engineering Corp.

     58,109        2,216,650  

Silicon Works Co., Ltd.

     18,424        685,767  

SK Discovery Co., Ltd.

     20,128        469,908  

SK Gas Ltd.

     11,975        964,245  

SK Materials Co., Ltd.(b)

     7,805        1,166,177  

SK Networks Co., Ltd.

     275,393        1,467,825  

SKC Co., Ltd.

     35,464        1,129,437  

SKCKOLONPI, Inc.(b)

     19,851        531,645  

SL Corp.

     24,786        480,391  

Soulbrain Co., Ltd.

     10,729        500,012  

ST Pharm Co., Ltd.

     16,609        321,908  

Sungwoo Hitech Co., Ltd.

     105,277        397,420  

TES Co., Ltd.

     37,911        584,479  

Tongyang Life Insurance Co., Ltd.

     182,053        736,969  

WiSoL Co., Ltd.

     31,614        441,443  

WONIK IPS Co., Ltd.

     28,149        580,289  

Youlchon Chemical Co., Ltd.

     43,110        491,828  

Youngone Corp.

     18,322        526,207  

Yuhan Corp.

     6,283        1,328,447  
     

 

 

 
Total South Korea

 

     111,220,085  
Taiwan – 26.3%

 

AcBel Polytech, Inc.(b)

     1,684,303        1,139,427  

Accton Technology Corp.(b)

     1,598,633        6,457,709  

Acer, Inc.*(b)

     5,901,000        3,781,404  

Alpha Networks, Inc.

     1,535,000        986,129  

Arcadyan Technology Corp.(b)

     345,000        1,043,267  

Asia Vital Components Co., Ltd.(b)

     744,000        825,580  

ASMedia Technology, Inc.(b)

     31,000        568,291  

Aten International Co., Ltd.

     530,000        1,638,812  

BES Engineering Corp.

     1,807,000        471,970  

Capital Futures Corp.

     381,000        581,627  

Capital Securities Corp.(b)

     3,091,340        962,894  

Cathay Real Estate Development Co., Ltd.

     2,241,000        1,752,343  

Chang Wah Electromaterials, Inc.

     196,000        1,001,606  

Charoen Pokphand Enterprise(b)

     762,000        1,280,693  

Chaun-Choung Technology Corp.(b)

     206,000        835,483  

Cheng Loong Corp.

     1,969,000        1,309,664  

Chicony Electronics Co., Ltd.

     3,018,652        7,022,513  

Chicony Power Technology Co., Ltd.(b)

     993,625        1,840,852  

Chin-Poon Industrial Co., Ltd.(b)

     1,389,650        1,717,872  

China Airlines Ltd.

     3,652,000        1,168,337  

China General Plastics Corp.

     1,261,795        929,341  

China Metal Products Co., Ltd.

     1,154,000        1,400,354  

China Steel Chemical Corp.(b)

     313,726        1,369,094  

Chong Hong Construction Co., Ltd.

     1,094,000        3,194,627  

Chroma ATE, Inc.(b)

     909,132        4,321,404  

Chung-Hsin Electric & Machinery Manufacturing Corp.(b)

     1,535,000        1,028,463  

Cleanaway Co., Ltd.(b)

     429,161        2,408,944  

Clevo Co.*

     996,000        946,863  

Compeq Manufacturing Co., Ltd.

     3,979,000      3,059,726  

Continental Holdings Corp.

     765,000        392,174  

Coremax Corp.(b)

     187,893        552,940  

CTCI Corp.(b)

     2,598,190        4,046,434  

Cub Elecparts, Inc.(b)

     134,572        1,279,330  

Da-Li Development Co., Ltd.

     1,213,000        1,302,714  

Darfon Electronics Corp.

     330,000        546,065  

Depo Auto Parts Ind Co., Ltd.

     224,000        495,670  

Elan Microelectronics Corp.

     826,409        2,373,005  

Elite Advanced Laser Corp.(b)

     363,312        803,941  

Elite Material Co., Ltd.(b)

     1,239,163        4,281,918  

Elite Semiconductor Memory Technology, Inc.

     1,223,000        1,251,948  

Ennoconn Corp.(b)

     130,674        1,127,798  

Epistar Corp.(b)

     1,453,000        1,169,170  

Eternal Materials Co., Ltd.

     1,277,494        1,015,512  

Eva Airways Corp.

     1,383,775        677,958  

Evergreen Marine Corp. Taiwan Ltd.

     2,002,015        776,239  

Everlight Chemical Industrial Corp.(b)

     1,709,000        948,197  

Everlight Electronics Co., Ltd.

     2,398,165        2,431,585  

Far Eastern Department Stores Ltd.

     3,845,841        2,046,423  

Far Eastern International Bank

     7,604,258        2,763,345  

Faraday Technology Corp.(b)

     814,200        1,176,899  

Farglory Land Development Co., Ltd.

     1,297,640        1,578,868  

Feng Hsin Steel Co., Ltd.

     933,950        1,830,294  

FLEXium Interconnect, Inc.(b)

     1,031,028        3,104,408  

Formosa International Hotels Corp.

     294,000        1,511,948  

Foxsemicon Integrated Technology, Inc.(b)

     268,197        1,196,512  

Gemtek Technology Corp.(b)

     1,005,000        749,988  

Genius Electronic Optical Co., Ltd.

     68,000        795,380  

Getac Technology Corp.

     1,644,292        2,742,221  

Giant Manufacturing Co., Ltd.

     597,000        4,261,449  

Gigabyte Technology Co., Ltd.(b)

     2,921,000        4,653,432  

Global Brands Manufacture Ltd.

     430,000        182,768  

Global PMX Co., Ltd.

     200,000        791,681  

Global Unichip Corp.(b)

     136,000        906,799  

Grand Pacific Petrochemical

     1,760,000        1,367,661  

Grape King Bio Ltd.

     257,988        1,665,762  

Great Wall Enterprise Co., Ltd.

     2,225,387        2,548,828  

Greatek Electronics, Inc.

     1,439,000        1,984,312  

Hannstar Board Corp.

     630,000        535,553  

HannStar Display Corp.(b)

     10,926,000        2,417,719  

Highwealth Construction Corp.(b)

     4,403,613        7,258,271  

Hiwin Technologies Corp.(b)

     229,516        1,936,184  

Holiday Entertainment Co., Ltd.

     461,000        961,772  

Holtek Semiconductor, Inc.

     608,773        1,441,911  

Holy Stone Enterprise Co., Ltd.(b)

     398,000        1,497,964  

Hota Industrial Manufacturing Co., Ltd.(b)

     386,427        1,423,061  

Hsin Kuang Steel Co., Ltd.(b)

     662,000        701,296  

Huaku Development Co., Ltd.

     1,234,296        2,963,544  

Hung Sheng Construction Ltd.(b)

     1,857,800        1,790,258  

IEI Integration Corp.

     601,258        661,334  

International CSRC Investment Holdings Co.(b)

     1,482,033        2,009,993  

ITEQ Corp.

     998,000        2,875,437  

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Jentech Precision Industrial Co., Ltd.

     144,000      $ 537,305  

Jih Lin Technology Co., Ltd.

     244,000        552,593  

KEE TAI Properties Co., Ltd.

     1,965,000        761,887  

Kenda Rubber Industrial Co., Ltd.(b)

     1,600,039        1,534,081  

King Slide Works Co., Ltd.

     50,004        557,304  

King Yuan Electronics Co., Ltd.

     4,674,000        3,980,873  

King’s Town Bank Co., Ltd.

     2,873,000        2,982,950  

Kinik Co.(b)

     569,495        1,128,994  

Kinpo Electronics

     1,405,000        517,407  

Kinsus Interconnect Technology Corp.(b)

     545,368        798,043  

Kung Long Batteries Industrial Co., Ltd.

     374,000        2,032,576  

L&K Engineering Co., Ltd.

     810,000        758,213  

Lealea Enterprise Co., Ltd.

     2,525,000        835,645  

Lelon Electronics Corp.

     242,000        317,610  

Lien Hwa Industrial Corp.

     2,252,830        2,459,653  

Lion Travel Service Co., Ltd.

     255,000        728,087  

Lite-On Semiconductor Corp.(b)

     971,000        1,097,949  

Long Chen Paper Co., Ltd.(b)

     3,908,732        2,162,323  

Lotes Co., Ltd.

     156,977        1,265,677  

Macronix International(b)

     5,817,000        3,944,625  

Makalot Industrial Co., Ltd.

     389,667        2,730,912  

Marketech International Corp.

     245,000        426,080  

Mercuries & Associates Holding Ltd.(b)

     992,560        578,071  

Merida Industry Co., Ltd.

     178,043        993,605  

Merry Electronics Co., Ltd.(b)

     1,160,030        6,360,866  

Micro-Star International Co., Ltd.(b)

     2,496,877        7,007,669  

Mirle Automation Corp.

     553,560        844,156  

momo.com, Inc.

     127,000        1,048,701  

Namchow Holdings Co., Ltd.

     484,086        838,734  

Nan Kang Rubber Tire Co., Ltd.(b)

     1,176,000        1,190,480  

Nantex Industry Co., Ltd.

     676,615        725,560  

Nichidenbo Corp.

     352,000        669,269  

Nuvoton Technology Corp.(b)

     460,000        773,122  

OptoTech Corp.

     1,959,485        1,509,962  

Oriental Union Chemical Corp.

     1,816,000        1,537,860  

Pan-International Industrial Corp.

     1,304,000        992,158  

Powertech Technology, Inc.

     3,003,000        7,093,279  

Primax Electronics Ltd.

     1,881,000        3,704,570  

Qisda Corp.

     6,557,000        4,201,773  

Radiant Opto-Electronics Corp.(b)

     2,173,252        6,952,601  

Realtek Semiconductor Corp.

     1,190,770        7,031,688  

Rechi Precision Co., Ltd.(b)

     1,497,000        1,228,861  

Rexon Industrial Corp. Ltd.(b)

     225,000        606,658  

Ruentex Industries Ltd.

     1,671,200        4,386,693  

Run Long Construction Co., Ltd.(b)

     289,000        653,568  

Sanyang Motor Co., Ltd.

     2,162,000        1,416,992  

SDI Corp.(b)

     404,000        937,233  

Sercomm Corp.(b)

     1,126,488        2,467,122  

Shin Zu Shing Co., Ltd.

     156,000        554,241  

Shinkong Insurance Co., Ltd.

     672,000        850,343  

Shinkong Synthetic Fibers Corp.

     2,918,000        1,320,748  

Shiny Chemical Industrial Co., Ltd.

     251,000        744,355  

Sigurd Microelectronics Corp.

     1,085,000        1,059,636  

Sinbon Electronics Co., Ltd.(b)

     670,120        2,250,366  

Sincere Navigation Corp.(b)

     758,000      386,126  

Sinon Corp.

     2,126,000        1,255,437  

Sitronix Technology Corp.

     618,000        2,837,300  

Standard Foods Corp.

     1,321,896        2,221,710  

Sunny Friend Environmental Technology Co., Ltd.

     125,000        977,434  

Sunonwealth Electric Machine Industry Co., Ltd.

     818,000        936,889  

Supreme Electronics Co., Ltd.

     2,121,000        2,160,880  

Syncmold Enterprise Corp.

     730,915        1,975,478  

Synnex Technology International Corp.

     5,244,600        6,296,141  

Systex Corp.(b)

     456,000        1,004,604  

TA Chen Stainless Pipe(b)

     493,809        728,204  

Ta Ya Electric Wire & Cable

     830,000        298,924  

Taichung Commercial Bank Co., Ltd.

     6,268,254        2,318,525  

Taiflex Scientific Co., Ltd.(b)

     893,000        1,116,956  

Taimide Tech, Inc.

     205,000        406,402  

Tainan Spinning Co., Ltd.(b)

     2,415,000        948,119  

Taisun Enterprise Co., Ltd.

     717,000        431,542  

Taiwan Business Bank

     5,775,800        2,248,815  

Taiwan Cogeneration Corp.

     1,184,970        1,016,935  

Taiwan Fertilizer Co., Ltd.

     946,000        1,414,987  

Taiwan Glass Industry Corp.

     2,010,000        896,725  

Taiwan Hon Chuan Enterprise Co., Ltd.(b)

     944,692        1,506,517  

Taiwan Paiho Ltd.(b)

     870,000        2,021,122  

Taiwan PCB Techvest Co., Ltd.

     931,302        1,116,517  

Taiwan Styrene Monomer

     2,048,000        1,618,040  

Taiwan Surface Mounting Technology Corp.(b)

     659,000        1,068,025  

Teco Electric and Machinery Co., Ltd.(b)

     4,469,683        3,045,484  

Test Research, Inc.(b)

     704,115        1,274,788  

Thinking Electronic Industrial Co., Ltd.(b)

     318,000        871,855  

Ton Yi Industrial Corp.

     2,092,538        889,416  

Tong Hsing Electronic Industries Ltd.(b)

     486,918        1,635,146  

Tong Yang Industry Co., Ltd.

     1,261,685        1,619,041  

Topco Scientific Co., Ltd.

     676,521        1,751,639  

Transcend Information, Inc.(b)

     1,238,479        2,812,853  

Tripod Technology Corp.

     1,979,928        6,391,942  

TSRC Corp.(b)

     1,217,011        1,085,894  

Tung Ho Steel Enterprise Corp.(b)

     2,800,153        1,930,639  

TXC Corp.(b)

     1,508,549        1,578,518  

TYC Brother Industrial Co., Ltd.(b)

     858,000        743,291  

U-Ming Marine Transport Corp.(b)

     888,420        895,035  

Unimicron Technology Corp.

     2,359,000        2,265,583  

Union Bank of Taiwan

     3,986,000        1,383,826  

Unitech Printed Circuit Board Corp.(b)

     658,000        444,068  

UPC Technology Corp.

     2,852,920        1,152,442  

USI Corp.

     1,246,090        487,188  

Visual Photonics Epitaxy Co., Ltd.(b)

     420,750        1,247,759  

Voltronic Power Technology Corp.

     121,315        2,377,452  

Walsin Lihwa Corp.

     9,344,000        5,351,036  

Walton Advanced Engineering, Inc.

     832,000        291,546  

Wan Hai Lines Ltd.

     2,061,000        1,073,281  

Waterland Financial Holdings Co., Ltd.

     8,576,000        2,921,692  

Weikeng Industrial Co., Ltd.

     1,545,000        1,027,644  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Winbond Electronics Corp.(b)

     13,931,000      $ 6,667,064  

Wistron Corp.(b)

     11,264,007        8,661,669  

Wistron NeWeb Corp.

     946,722        2,488,100  

Wowprime Corp.

     321,000        968,609  

WPG Holdings Ltd.

     6,134,058        8,000,815  

WT Microelectronics Co., Ltd.

     1,967,678        2,595,224  

YC Co., Ltd.

     853,000        381,934  

YC INOX Co., Ltd.(b)

     1,969,000        1,677,009  

YFY, Inc.

     3,125,000        1,201,514  

Yieh Phui Enterprise Co., Ltd.(b)

     2,092,400        676,862  

Yulon Motor Co., Ltd.(b)

     1,188,000        749,715  

Yungtay Engineering Co., Ltd.

     868,790        1,804,077  

Zeng Hsing Industrial Co., Ltd.

     308,000        1,499,002  

Zig Sheng Industrial Co., Ltd.(b)

     1,311,000        387,934  
     

 

 

 
Total Taiwan

 

     375,009,829  
Thailand – 5.9%

 

Amata Corp. PCL NVDR

     1,155,500        768,270  

Ananda Development PCL NVDR

     5,937,000        669,748  

AP Thailand PCL NVDR

     3,733,000        829,294  

Asia Plus Group Holdings PCL NVDR(b)

     13,057,700        1,267,298  

Bangchak Corp. PCL NVDR

     1,684,900        1,712,243  

Bangkok Chain Hospital PCL NVDR

     1,549,800        830,206  

Bangkok Land PCL NVDR

     36,355,014        1,798,562  

BCPG PCL NVDR

     1,485,800        767,831  

Beauty Community PCL NVDR(b)

     7,973,500        1,670,830  

Big Camera Corp. PCL NVDR

     9,070,100        365,834  

Carabao Group PCL NVDR(b)

     505,400        863,966  

Central Plaza Hotel PCL NVDR

     832,600        1,147,826  

CH Karnchang PCL NVDR

     795,525        626,694  

Chularat Hospital PCL NVDR

     8,005,600        479,302  

Com7 PCL NVDR

     629,000        354,785  

Eastern Polymer Group PCL NVDR(b)

     2,397,100        487,200  

Eastern Water Resources Development and Management PCL NVDR

     2,711,000        948,231  

Erawan Group PCL (The) NVDR(b)

     1,799,100        399,674  

Esso Thailand PCL NVDR(b)

     6,570,400        2,277,435  

Forth Smart Service PCL NVDR(b)

     2,575,505        576,212  

GFPT PCL NVDR

     1,075,900        474,637  

Golden Land Property Development PCL NVDR

     1,484,500        390,596  

Gunkul Engineering PCL NVDR

     7,056,233        689,281  

Hana Microelectronics PCL NVDR(b)

     2,194,000        2,143,186  

Inter Far East Energy Corp. NVDR*

     4,230,700        0  

Jasmine International PCL NVDR

     24,025,400        4,088,141  

Jay Mart PCL NVDR(b)

     1,539,200        390,438  

JMT Network Services PCL NVDR

     1,690,000        750,874  

JWD Infologistics PCL NVDR

     2,077,200        540,000  

KCE Electronics PCL NVDR(b)

     1,270,700        972,995  

KGI Securities Thailand PCL NVDR

     8,519,300        1,304,673  

Kiatnakin Bank PCL NVDR

     1,149,806        2,518,088  

LPN Development PCL NVDR(b)

     4,498,518        971,005  

Major Cineplex Group PCL NVDR

     2,164,800        1,910,017  

MBK PCL NVDR

     1,693,000        1,109,639  

MC Group PCL NVDR(b)

     1,188,500        361,400  

Mega Lifesciences PCL NVDR

     615,400      630,235  

MK Restaurants Group PCL NVDR

     948,400        2,166,661  

Origin Property PCL NVDR(b)

     3,437,300        741,941  

Polyplex Thailand PCL NVDR

     1,243,400        611,219  

Pruksa Holding PCL NVDR

     3,451,900        1,957,908  

PTG Energy PCL NVDR(b)

     1,074,000        338,428  

Quality Houses PCL NVDR

     23,204,844        2,164,372  

Ratchaburi Electricity Generating Holding PCL NVDR

     1,551,800        2,860,574  

Robinson PCL NVDR(b)

     884,700        1,637,817  

Sansiri PCL NVDR

     36,339,400        1,500,067  

SC Asset Corp. PCL NVDR

     9,369,000        885,678  

Sermsang Power Corp. Co., Ltd. NVDR

     1,629,000        400,384  

Siam City Cement PCL NVDR(b)

     328,254        2,327,309  

Siam Future Development PCL NVDR

     2,788,300        667,751  

Siam Global House PCL NVDR

     1,618,957        882,557  

Siamgas & Petrochemicals PCL NVDR

     3,686,200        1,068,632  

Somboon Advance Technology PCL NVDR

     755,200        423,588  

SPCG PCL NVDR

     2,424,500        1,405,729  

Sri Trang Agro-Industry PCL NVDR(b)

     917,000        369,863  

Star Petroleum Refining PCL NVDR(b)

     9,192,070        3,157,194  

Supalai PCL NVDR

     1,432,000        852,838  

Synnex Thailand PCL NVDR

     883,380        331,250  

Taokaenoi Food & Marketing PCL NVDR(b)

     1,205,380        357,037  

Thai Vegetable Oil PCL NVDR

     2,442,800        2,059,080  

Thanachart Capital PCL NVDR

     1,593,400        2,736,420  

Thonburi Healthcare Group PCL NVDR

     587,800        588,078  

Tisco Financial Group PCL NVDR(b)

     1,300,757        3,617,199  

TPI Polene Power PCL NVDR

     10,813,400        2,078,517  

TTW PCL NVDR

     6,069,700        2,333,397  

Unique Engineering & Construction PCL NVDR(b)

     1,606,400        498,599  

Univentures PCL NVDR(b)

     1,910,000        367,134  

VGI Global Media PCL NVDR

     2,923,200        833,621  

Vinythai PCL NVDR

     611,600        476,021  

WHA Corp. PCL NVDR(b)

     19,479,300        2,590,283  

WHA Utilities and Power PCL NVDR

     3,389,800        635,554  

Workpoint Entertainment PCL NVDR(b)

     487,200        343,888  
     

 

 

 
Total Thailand

 

     84,353,234  
Turkey – 1.6%

 

Aksa Akrilik Kimya Sanayii AS

     771,577        1,253,731  

Anadolu Cam Sanayii AS

     1        1  

Anadolu Efes Biracilik ve Malt Sanayii AS

     372,572        1,154,725  

Aselsan Elektronik Sanayi ve Ticaret AS

     1        3  

Aslan Cimento AS

     61,311        265,447  

Aygaz AS

     788,523        1,344,073  

Borusan Mannesmann Boru Sanayi ve Ticaret AS

     258,547        437,044  

Coca-Cola Icecek AS

     152,599        819,501  

EGE Endustri VE Ticaret AS

     6,028        483,555  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     14,281,535        3,867,663  

Enerjisa Enerji AS(a)

     928,726        848,242  

Kordsa Teknik Tekstil AS

     297,925        548,959  

Soda Sanayii AS

     649,658        862,439  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2019

 

 

 

Investments    Shares      Value  

TAV Havalimanlari Holding AS

     516,366      $ 2,133,245  

Tekfen Holding AS

     470,211        1,875,983  

Tofas Turk Otomobil Fabrikasi AS

     764,604        2,315,628  

Torunlar Gayrimenkul Yatirim Ortakligi AS

     780,437        317,723  

Trakya Cam Sanayii AS

     1,051,973        618,194  

Turkiye Halk Bankasi AS

     1,018,585        1,150,271  

Turkiye Sise ve Cam Fabrikalari AS

     1,043,070        1,076,377  

Turkiye Vakiflar Bankasi TAO Class D

     1,398,505        1,121,359  
     

 

 

 
Total Turkey               22,494,163  

TOTAL COMMON STOCKS

(Cost: $1,325,134,703)

              1,419,617,918  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8%

 

United States – 0.8%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $10,706,585)(d)      10,706,585        10,706,585  

TOTAL INVESTMENTS IN SECURITIES – 100.4%

(Cost: $1,335,841,288)

 

 

     1,430,324,503  

Other Assets less Liabilities – (0.4)%

 

     (5,355,728
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,424,968,775  
* 

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 $924,744, which represents 0.06% 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, 2019 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $102,226,525 and the total market value of the collateral held by the Fund was $116,590,463. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $105,883,878.

NVDR – Non-Voting Depositary Receipt

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Table of Contents

Schedule of Investments

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
Australia – 4.9%      

Altium Ltd.

     3,715      $ 85,291  

Aristocrat Leisure Ltd.

     22,148        385,612  

carsales.com Ltd.

     18,703        168,064  

Cochlear Ltd.

     2,189        269,443  

Corporate Travel Management Ltd.(a)

     3,749        67,802  

CSL Ltd.

     13,455        1,863,189  

Domino’s Pizza Enterprises Ltd.(a)

     4,368        134,724  

Northern Star Resources Ltd.

     19,790        125,817  

REA Group Ltd.

     4,510        239,315  

Reece Ltd.

     24,961        174,828  
     

 

 

 
Total Australia

 

     3,514,085  
Belgium – 0.2%

 

Melexis N.V.(a)

     2,548        154,352  
Brazil – 1.8%

 

Ambev S.A.

     120,895        522,821  

BB Seguridade Participacoes S.A.

     40,496        275,960  

CCR S.A.

     66,351        200,160  

IRB Brasil Resseguros S.A.

     3,499        82,042  

Localiza Rent a Car S.A.

     7,914        67,229  

Lojas Renner S.A.

     8,496        95,620  

Magazine Luiza S.A.

     400        17,766  

Natura Cosmeticos S.A.

     2,408        28,085  

Raia Drogasil S.A.

     2,200        36,915  
     

 

 

 
Total Brazil

 

     1,326,598  
Canada – 3.1%

 

Alimentation Couche-Tard, Inc. Class B

     6,336        373,345  

Canadian Pacific Railway Ltd.

     3,088        636,438  

CCL Industries, Inc. Class B

     3,900        157,933  

CI Financial Corp.

     38,296        522,863  

Constellation Software, Inc.

     269        228,034  

FirstService Corp.

     600        53,468  

Toromont Industries Ltd.

     2,719        138,906  

West Fraser Timber Co., Ltd.

     2,100        102,174  
     

 

 

 
Total Canada

 

     2,213,161  
Chile – 0.1%

 

Aguas Andinas S.A. Class A

     167,969        95,503  
China – 6.7%

 

AAC Technologies Holdings, Inc.

     21,000        124,262  

Anhui Conch Cement Co., Ltd. Class H

     37,000        226,008  

ANTA Sports Products Ltd.

     28,000        190,473  

Brilliance China Automotive Holdings Ltd.

     44,000        43,608  

China Conch Venture Holdings Ltd.

     39,500        141,396  

China Gas Holdings Ltd.

     36,200        127,277  

China Medical System Holdings Ltd.

     39,000        37,808  

China Overseas Land & Investment Ltd.

     132,000        501,099  

China Resources Gas Group Ltd.

     18,000        84,841  

CIFI Holdings Group Co., Ltd.

     254,000        192,524  

Country Garden Holdings Co., Ltd.

     417,000        651,268  

CSPC Pharmaceutical Group Ltd.

     56,400        104,897  

Dali Foods Group Co., Ltd.(b)

     70,500        52,718  

Fullshare Holdings Ltd.*(a)

     40,000      5,350  

Geely Automobile Holdings Ltd.

     113,000        215,925  

Haier Electronics Group Co., Ltd.*

     17,000        49,376  

Haitian International Holdings Ltd.

     23,000        52,270  

Kingboard Laminates Holdings Ltd.

     96,000        100,892  

Logan Property Holdings Co., Ltd.

     62,000        102,676  

Luye Pharma Group Ltd.(a)(b)

     29,500        25,780  

MGM China Holdings Ltd.(a)

     10,400        21,754  

Minth Group Ltd.

     22,000        69,223  

Shenzhou International Group Holdings Ltd.

     14,300        191,639  

Sino Biopharmaceutical Ltd.

     33,250        30,328  

SITC International Holdings Co., Ltd.

     67,000        68,793  

Sunac China Holdings Ltd.

     60,000        298,855  

Sunny Optical Technology Group Co., Ltd.

     6,500        77,628  

Tencent Holdings Ltd.

     16,000        735,801  

Xinyi Glass Holdings Ltd.

     144,000        165,097  

Xinyi Solar Holdings Ltd.

     166,000        79,934  

Zhuzhou CRRC Times Electric Co., Ltd. Class H

     8,300        49,060  
     

 

 

 
Total China

 

     4,818,560  
Denmark – 3.1%

 

Ambu A/S Class B

     1,545        40,922  

Chr Hansen Holding A/S

     3,058        310,277  

Coloplast A/S Class B

     11,943        1,311,661  

DSV A/S

     1,842        152,488  

GN Store Nord A/S

     1,727        80,263  

Rockwool International A/S Class B

     264        61,904  

Royal Unibrew A/S

     2,420        178,716  

SimCorp A/S

     1,281        123,791  
     

 

 

 
Total Denmark

 

     2,260,022  
Finland – 0.3%

 

DNA Oyj

     10,924        226,676  
France – 3.6%

 

Gaztransport Et Technigaz S.A.

     3,626        330,195  

Ipsen S.A.

     1,672        229,419  

Safran S.A.

     14,712        2,019,493  

Trigano S.A.

     569        44,403  
     

 

 

 
Total France

 

     2,623,510  
Germany – 5.0%

 

1&1 Drillisch AG

     18,069        643,966  

adidas AG

     6,716        1,633,393  

Bechtle AG

     1,293        119,850  

CompuGroup Medical SE

     979        57,712  

CTS Eventim AG & Co. KGaA

     4,017        190,523  

Fuchs Petrolub SE

     3,562        140,386  

Hugo Boss AG

     7,308        499,568  

Nemetschek SE

     633        108,036  

Siltronic AG

     2,031        179,339  

Wirecard AG

     441        55,311  
     

 

 

 
Total Germany

 

     3,628,084  
Hong Kong – 2.9%

 

Galaxy Entertainment Group Ltd.

     198,000        1,348,174  

Melco International Development Ltd.

     22,000        51,567  

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2019

 

 

 

Investments    Shares      Value  

Techtronic Industries Co., Ltd.

     74,000      $ 497,264  

Vitasoy International Holdings Ltd.

     40,000        193,632  
     

 

 

 
Total Hong Kong

 

     2,090,637  
India – 3.2%

 

Alkem Laboratories Ltd.

     417        10,539  

Asian Paints Ltd.

     1,938        41,759  

Aurobindo Pharma Ltd.

     3,124        35,366  

Bajaj Auto Ltd.

     1,386        58,243  

Bajaj Holdings & Investment Ltd.

     634        31,268  

Bandhan Bank Ltd.(b)

     3,399        25,821  

Bharat Forge Ltd.

     3,396        25,119  

Bharti Infratel Ltd.

     45,537        206,009  

Biocon Ltd.

     1,384        12,198  

Cadila Healthcare Ltd.

     3,993        20,004  

Colgate-Palmolive India Ltd.

     1,848        33,563  

Dabur India Ltd.

     4,367        25,770  

Eicher Motors Ltd.

     116        34,407  

Emami Ltd.

     1,269        7,327  

Endurance Technologies Ltd.(b)

     116        1,944  

Godrej Consumer Products Ltd.

     3,626        35,907  

Graphite India Ltd.

     412        2,658  

Havells India Ltd.

     2,878        32,093  

Hero MotoCorp Ltd.

     2,848        104,964  

Hindustan Unilever Ltd.

     8,701        214,376  

Indraprastha Gas Ltd.

     5,850        25,794  

InterGlobe Aviation Ltd.(b)

     1,385        28,553  

ITC Ltd.

     51,014        218,894  

JSW Steel Ltd.

     11,715        49,557  

Maruti Suzuki India Ltd.

     1,390        133,885  

Mindtree Ltd.

     1,765        24,064  

Motherson Sumi Systems Ltd.

     12,973        28,034  

Mphasis Ltd.

     1,510        21,603  

Nestle India Ltd.

     203        32,119  

Oracle Financial Services Software Ltd.

     455        22,251  

Petronet LNG Ltd.

     12,713        46,163  

Pidilite Industries Ltd.

     2,326        41,845  

Shree Cement Ltd.

     75        20,210  

Siemens Ltd.

     1,368        22,291  

Sun Pharmaceutical Industries Ltd.

     4,148        28,672  

Tata Consultancy Services Ltd.

     11,835        341,964  

Tech Mahindra Ltd.

     9,694        108,576  

Titan Co., Ltd.

     2,166        35,702  

UPL Ltd.

     6,106        84,514  

Whirlpool of India Ltd.

     539        11,788  

Zee Entertainment Enterprises Ltd.

     7,934        51,023  
     

 

 

 
Total India

 

     2,336,837  
Indonesia – 0.3%

 

Charoen Pokphand Indonesia Tbk PT

     93,600        42,068  

Gudang Garam Tbk PT

     15,600        91,146  

United Tractors Tbk PT

     40,000        75,983  
     

 

 

 
Total Indonesia

 

     209,197  
Israel – 0.4%

 

Bezeq Israeli Telecommunication Corp., Ltd.

     399,960        287,075  
Italy – 2.6%

 

De’ Longhi SpA

     13,942      376,654  

Ferrari N.V.

     3,098        415,691  

IMA Industria Macchine Automatiche SpA

     2,358        176,203  

Moncler SpA

     5,440        219,410  

Recordati SpA

     14,716        573,543  

Reply SpA

     604        38,929  

Technogym SpA(b)

     5,397        66,479  
     

 

 

 
Total Italy

 

     1,866,909  
Japan – 12.9%

 

Advantest Corp.

     7,300        169,697  

Asahi Intecc Co., Ltd.

     1,500        70,470  

Benefit One, Inc.(a)

     3,700        72,606  

Daito Trust Construction Co., Ltd.

     7,400        1,031,594  

en-japan, Inc.(a)

     1,000        29,092  

GMO Payment Gateway, Inc.(a)

     800        56,810  

Harmonic Drive Systems, Inc.(a)

     2,000        68,483  

Haseko Corp.

     25,900        325,724  

Hoya Corp.

     10,400        686,756  

Kakaku.com, Inc.

     8,200        157,577  

Kaken Pharmaceutical Co., Ltd.(a)

     2,900        131,788  

M3, Inc.

     3,900        65,432  

MonotaRO Co., Ltd.

     3,000        66,703  

Murata Manufacturing Co., Ltd.

     25,800        1,284,814  

Nidec Corp.

     4,700        595,541  

Nihon M&A Center, Inc.

     2,600        71,175  

Open House Co., Ltd.

     2,400        82,288  

Oracle Corp.

     4,300        288,648  

Pigeon Corp.

     3,600        147,174  

Pilot Corp.

     700        28,364  

Relo Group, Inc.

     2,300        64,625  

Seria Co., Ltd.(a)

     1,800        62,041  

Sysmex Corp.

     3,900        235,723  

T-Gaia Corp.

     4,400        72,985  

TechnoPro Holdings, Inc.

     1,500        89,443  

Tokai Carbon Co., Ltd.(a)

     4,900        61,181  

Tokyo Electron Ltd.(a)

     19,600        2,833,266  

Trend Micro, Inc.

     7,000        340,877  

ZOZO, Inc.

     6,900        130,039  
     

 

 

 
Total Japan

 

     9,320,916  
Malaysia – 0.3%

 

Fraser & Neave Holdings Bhd

     5,500        46,937  

Hartalega Holdings Bhd

     20,600        23,363  

Nestle Malaysia Bhd

     900        32,362  

Press Metal Aluminium Holdings Bhd

     27,800        30,711  

Top Glove Corp. Bhd

     23,400        26,481  

Westports Holdings Bhd

     26,400        24,314  
     

 

 

 
Total Malaysia

 

     184,168  
Mexico – 0.6%

 

Fomento Economico Mexicano S.A.B. de C.V.

     25,156        232,334  

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     15,298        86,500  

Kimberly-Clark de Mexico S.A.B. de C.V. Class A*

     60,999        103,586  
     

 

 

 
Total Mexico

 

     422,420  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2019

 

 

 

Investments    Shares      Value  
Netherlands – 4.1%

 

ASML Holding N.V.

     9,525      $ 1,788,229  

Koninklijke DSM N.V.

     10,919        1,191,220  
     

 

 

 
Total Netherlands

 

     2,979,449  
New Zealand – 0.6%

 

Fisher & Paykel Healthcare Corp., Ltd.

     23,207        248,486  

Ryman Healthcare Ltd.

     18,970        158,485  
     

 

 

 
Total New Zealand

 

     406,971  
Norway – 6.3%

 

Austevoll Seafood ASA

     11,651        138,000  

Leroy Seafood Group ASA

     32,662        237,277  

Salmar ASA

     12,360        593,916  

Telenor ASA

     179,388        3,597,509  
     

 

 

 
Total Norway

 

     4,566,702  
Philippines – 0.1%

 

DMCI Holdings, Inc.

     207,100        47,328  

Jollibee Foods Corp.

     5,670        34,230  

Semirara Mining & Power Corp.

     54,170        22,644  
     

 

 

 
Total Philippines

 

     104,202  
Poland – 0.0%

 

CCC S.A.

     328        18,411  
Russia – 0.9%

 

Mobile TeleSystems PJSC ADR

     46,269        349,794  

Novatek PJSC GDR Reg S

     1,340        229,676  

PhosAgro PJSC GDR Reg S

     4,915        61,585  
     

 

 

 
Total Russia

 

     641,055  
South Africa – 1.3%

 

Assore Ltd.

     2,835        73,523  

Capitec Bank Holdings Ltd.

     1,100        102,972  

Clicks Group Ltd.

     6,051        77,293  

Life Healthcare Group Holdings Ltd.

     54,110        100,706  

Mr. Price Group Ltd.

     6,952        91,361  

MultiChoice Group Ltd.*

     871        7,290  

Naspers Ltd. Class N

     944        218,118  

Pick n Pay Stores Ltd.

     12,484        57,489  

RMB Holdings Ltd.

     37,525        197,705  
     

 

 

 
Total South Africa

 

     926,457  
South Korea – 1.3%

 

Amorepacific Corp.

     226        37,531  

Coway Co., Ltd.

     1,883        156,764  

NAVER Corp.

     218        23,815  

NCSoft Corp.

     321        140,266  

SK Hynix, Inc.

     8,616        563,217  
     

 

 

 
Total South Korea

 

     921,593  
Spain – 0.4%

 

Prosegur Cash S.A.(b)

     146,862        324,531  
Sweden – 7.0%

 

Atlas Copco AB Class A

     89,906        2,419,871  

Atlas Copco AB Class B

     45,337        1,124,712  

Beijer Ref AB

     3,088        49,773  

Evolution Gaming Group AB(b)

     1,580      124,778  

Fabege AB

     14,228        207,085  

Hexpol AB

     18,162        153,026  

Indutrade AB

     5,220        148,913  

Investment AB Latour Class B(a)

     28,547        383,179  

Lifco AB Class B

     2,307        94,267  

Sweco AB Class B

     5,972        144,225  

Thule Group AB(b)

     7,822        177,096  
     

 

 

 
Total Sweden

 

     5,026,925  
Switzerland – 6.7%

 

EMS-Chemie Holding AG Registered Shares

     1,927        1,044,864  

Logitech International S.A. Registered Shares

     7,289        285,661  

Partners Group Holding AG

     1,704        1,238,775  

Roche Holding AG Bearer Shares

     4,258        1,160,379  

Schindler Holding AG Participation Certificate

     1,817        376,573  

Straumann Holding AG Registered Shares

     288        234,963  

Sunrise Communications Group AG*(a)(b)

     5,197        382,508  

Temenos AG Registered Shares*

     787        116,007  
     

 

 

 
Total Switzerland

 

     4,839,730  
Taiwan – 5.2%

 

Advantech Co., Ltd.

     11,000        91,368  

Catcher Technology Co., Ltd.

     29,000        223,001  

Eclat Textile Co., Ltd.

     5,283        71,136  

Feng TAY Enterprise Co., Ltd.

     12,440        87,991  

Hiwin Technologies Corp.

     4,000        33,744  

Largan Precision Co., Ltd.

     2,000        298,503  

Micro-Star International Co., Ltd.

     42,000        117,876  

Nien Made Enterprise Co., Ltd.

     8,000        70,472  

Novatek Microelectronics Corp.

     33,000        212,002  

President Chain Store Corp.

     42,000        413,588  

Taiwan Semiconductor Manufacturing Co., Ltd.

     249,000        1,983,404  

Walsin Technology Corp.

     7,000        45,424  

Yageo Corp.

     8,000        83,840  
     

 

 

 
Total Taiwan

 

     3,732,349  
Thailand – 1.1%

 

Advanced Info Service PCL NVDR

     24,600        142,631  

Airports of Thailand PCL NVDR

     47,400        101,566  

Bangkok Dusit Medical Services PCL NVDR

     93,200        72,833  

Central Pattana PCL NVDR

     34,250        79,055  

CP ALL PCL

     54,056        127,326  

Delta Electronics Thailand PCL NVDR

     24,300        54,366  

Energy Absolute PCL NVDR

     13,200        19,965  

Home Product Center PCL NVDR

     126,100        60,795  

Indorama Ventures PCL NVDR

     47,000        73,681  

VGI Global Media PCL NVDR

     175,400        50,020  
     

 

 

 
Total Thailand

 

     782,238  
Turkey – 0.5%

 

BIM Birlesik Magazalar AS

     4,510        60,830  

Eregli Demir ve Celik Fabrikalari T.A.S.

     116,201        187,580  

Ford Otomotiv Sanayi AS

     3,729        32,197  

Iskenderun Demir ve Celik AS

     18,297        23,156  

KOC Holding AS

     23,947        68,201  
     

 

 

 
Total Turkey

 

     371,964  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL)

March 31, 2019

 

 

 

Investments    Shares      Value  
United Kingdom – 12.0%

 

Ashmore Group PLC

     79,713      $ 443,733  

Ashtead Group PLC

     19,592        472,932  

British American Tobacco PLC

     103,381        4,302,658  

Countryside Properties PLC(b)

     36,345        153,823  

Croda International PLC

     5,648        370,778  

Diploma PLC

     5,051        95,961  

Electrocomponents PLC

     21,651        158,497  

Fevertree Drinks PLC

     1,500        59,009  

Halma PLC

     8,785        191,399  

Hargreaves Lansdown PLC

     24,415        592,853  

Hays PLC

     193,533        378,275  

Howden Joinery Group PLC

     41,039        259,519  

JD Sports Fashion PLC

     9,808        64,234  

NMC Health PLC

     1,990        59,226  

Pagegroup PLC

     37,358        228,793  

Redrow PLC

     46,255        362,238  

Rightmove PLC

     35,094        233,219  

Softcat PLC

     6,757        73,079  

Unite Group PLC (The)

     17,505        209,281  
     

 

 

 
Total United Kingdom

 

     8,709,507  

TOTAL COMMON STOCKS

(Cost: $67,498,484)

              71,930,794  
EXCHANGE-TRADED FUNDS – 0.0%      
United States – 0.0%      

WisdomTree Emerging Markets High Dividend Fund(c)

     106      4,647  

WisdomTree International Equity Fund(a)(c)

     136        6,886  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $11,502)

              11,533  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.4%

 

United States – 1.4%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(d)

     
(Cost: $982,785)(e)      982,785        982,785  

TOTAL INVESTMENTS IN SECURITIES – 100.9%

(Cost: $68,492,771)

        72,925,112  

Other Assets less Liabilities – (0.9)%

        (645,132
     

 

 

 
NET ASSETS – 100.0%             $ 72,279,980  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(e)

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,869,120 and the total market value of the collateral held by the Fund was $4,126,373. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,143,588.

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 Trust      61  


Table of Contents

Schedule of Investments

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
Australia – 10.6%      

Abacus Property Group

     78,010      $ 206,142  

BWP Trust

     105,567        280,461  

Charter Hall Group

     61,645        449,718  

Charter Hall Retail REIT

     72,130        238,255  

Cromwell Property Group

     455,558        354,348  

Dexus

     128,609        1,163,893  

Goodman Group

     136,436        1,293,846  

GPT Group (The)

     241,745        1,066,403  

Growthpoint Properties Australia Ltd.

     115,095        339,294  

LendLease Group

     61,175        537,981  

Mirvac Group

     477,164        932,122  

Scentre Group

     814,339        2,377,494  

Shopping Centres Australasia Property Group

     103,825        194,705  

Stockland

     436,547        1,193,889  

Vicinity Centres

     657,470        1,214,288  

Viva Energy REIT

     120,262        216,987  
     

 

 

 
Total Australia

 

     12,059,826  
Austria – 0.5%

 

CA Immobilien Anlagen AG

     7,126        257,646  

IMMOFINANZ AG*

     10,537        261,949  

S IMMO AG

     4,495        91,960  
     

 

 

 
Total Austria

 

     611,555  
Belgium – 0.9%

 

Befimmo S.A.

     4,182        246,527  

Cofinimmo S.A.

     2,843        377,964  

Warehouses De Pauw CVA

     2,346        376,692  
     

 

 

 
Total Belgium

 

     1,001,183  
Brazil – 0.1%

 

Multiplan Empreendimentos Imobiliarios S.A.

     13,435        80,747  
Canada – 5.3%

 

Allied Properties Real Estate Investment Trust

     9,401        346,921  

Artis Real Estate Investment Trust

     36,654        304,821  

Boardwalk Real Estate Investment Trust

     3,973        121,276  

Canadian Apartment Properties REIT

     10,393        399,632  

Choice Properties Real Estate Investment Trust

     26,406        277,906  

Cominar Real Estate Investment Trust

     38,088        336,989  

Dream Global Real Estate Investment Trust

     28,185        298,949  

Dream Office Real Estate Investment Trust

     9,602        177,744  

First Capital Realty, Inc.

     31,002        496,608  

Granite Real Estate Investment Trust

     6,243        298,376  

H&R Real Estate Investment Trust

     56,043        982,048  

Killam Apartment Real Estate Investment Trust

     8,300        120,528  

Northview Apartment Real Estate Investment Trust

     8,506        184,771  

RioCan Real Estate Investment Trust

     52,414        1,038,511  

SmartCentres Real Estate Investment Trust

     20,504        537,329  

Tricon Capital Group, Inc.(a)

     8,494        73,181  
     

 

 

 
Total Canada

 

     5,995,590  
Chile – 0.1%

 

Parque Arauco S.A.

     43,950        117,549  
China – 13.3%

 

Agile Group Holdings Ltd.

     492,000      795,980  

Central China Real Estate Ltd.

     90,000        44,026  

China Aoyuan Group Ltd.

     216,000        260,577  

China Evergrande Group(a)

     492,000        1,635,832  

China Jinmao Holdings Group Ltd.

     1,057,000        689,411  

China Overseas Land & Investment Ltd.

     366,049        1,389,596  

China Resources Land Ltd.

     278,000        1,246,581  

China SCE Group Holdings Ltd.

     330,000        171,937  

China South City Holdings Ltd.

     552,800        88,730  

China Vanke Co., Ltd. Class H

     161,600        679,342  

CIFI Holdings Group Co., Ltd.

     695,900        527,469  

Country Garden Holdings Co., Ltd.

     1,106,000        1,727,343  

Future Land Development Holdings Ltd.

     190,000        235,263  

Greentown China Holdings Ltd.

     71,000        70,910  

Guangzhou R&F Properties Co., Ltd. Class H

     292,800        633,347  

Hopson Development Holdings Ltd.

     126,000        122,791  

Jiayuan International Group Ltd.

     58,000        30,663  

Kaisa Group Holdings Ltd.*

     306,000        138,773  

KWG Group Holdings Ltd.

     366,500        442,137  

Logan Property Holdings Co., Ltd.

     156,000        258,346  

Longfor Group Holdings Ltd.

     168,500        593,510  

Poly Property Group Co., Ltd.

     287,000        111,876  

Powerlong Real Estate Holdings Ltd.

     371,000        194,245  

Shenzhen Investment Ltd.

     834,000        318,728  

Shimao Property Holdings Ltd.

     197,000        616,099  

Shui On Land Ltd.

     659,500        162,986  

Sino-Ocean Group Holding Ltd.

     810,700        355,264  

Sunac China Holdings Ltd.

     156,900        781,507  

Times China Holdings Ltd.

     97,000        201,168  

Yuexiu Property Co., Ltd.

     1,304,000        313,959  

Yuzhou Properties Co., Ltd.

     508,000        306,743  
     

 

 

 
Total China

 

     15,145,139  
Finland – 0.3%

 

Citycon Oyj

     35,059        359,175  
France – 8.1%

 

Covivio

     13,102        1,391,715  

Gecina S.A.

     8,153        1,206,576  

ICADE

     11,627        984,375  

Klepierre S.A.

     57,070        1,998,047  

Mercialys S.A.

     20,525        288,081  

Nexity S.A.

     8,620        421,035  

Unibail-Rodamco-Westfield

     45,578        374,594  

Unibail-Rodamco-Westfield(a)

     15,744        2,583,485  
     

 

 

 
Total France

 

     9,247,908  
Germany – 4.5%

 

alstria office REIT-AG

     19,709        320,889  

Deutsche Euroshop AG

     8,396        254,730  

Deutsche Wohnen SE Bearer Shares

     19,499        946,497  

LEG Immobilien AG

     5,746        706,160  

PATRIZIA Immobilien AG

     4,075        90,734  

TAG Immobilien AG

     11,715        289,392  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2019

 

 

 

Investments    Shares      Value  

TLG Immobilien AG

     10,451      $ 314,965  

Vonovia SE

     43,671        2,266,443  
     

 

 

 
Total Germany

 

     5,189,810  
Hong Kong – 21.9%

 

Champion REIT

     762,000        660,081  

Hang Lung Group Ltd.

     148,649        477,195  

Hang Lung Properties Ltd.

     612,283        1,494,448  

Henderson Land Development Co., Ltd.

     498,287        3,167,475  

Hui Xian REIT

     1,192,634        583,837  

Hysan Development Co., Ltd.

     99,115        530,932  

Joy City Property Ltd.

     506,000        70,260  

Kowloon Development Co., Ltd.

     87,000        108,612  

Link REIT

     199,115        2,328,519  

New World Development Co., Ltd.

     1,222,054        2,026,910  

Sino Land Co., Ltd.

     721,735        1,395,670  

Sun Hung Kai Properties Ltd.

     305,810        5,247,499  

Sunlight Real Estate Investment Trust

     281,000        211,557  

Swire Pacific Ltd. Class A

     66,778        859,187  

Swire Pacific Ltd. Class B

     267,500        535,003  

Swire Properties Ltd.

     460,341        1,979,186  

Wharf Holdings Ltd. (The)

     500,872        1,512,196  

Wheelock & Co., Ltd.

     183,231        1,342,147  

Yuexiu Real Estate Investment Trust

     620,000        440,716  
     

 

 

 
Total Hong Kong

 

     24,971,430  
Ireland – 0.2%

 

Green REIT PLC

     64,347        108,378  

Hibernia REIT PLC

     44,807        67,216  
     

 

 

 
Total Ireland

 

     175,594  
Israel – 1.2%

 

Alony Hetz Properties & Investments Ltd.

     14,809        166,641  

Amot Investments Ltd.

     56,797        316,117  

Azrieli Group Ltd.

     7,677        454,992  

Gazit-Globe Ltd.

     23,842        191,493  

Melisron Ltd.

     3,830        194,278  
     

 

 

 
Total Israel

 

     1,323,521  
Japan – 6.8%

 

Aeon Mall Co., Ltd.

     10,530        173,146  

Daibiru Corp.

     8,800        83,480  

Daito Trust Construction Co., Ltd.

     8,300        1,157,058  

Daiwa House Industry Co., Ltd.

     58,300        1,853,528  

Hulic Co., Ltd.

     40,600        398,352  

Ichigo, Inc.

     24,600        84,234  

Invesco Office J-REIT, Inc.

     839        133,258  

Invincible Investment Corp.

     797        390,273  

Katitas Co., Ltd.(a)

     1,800        61,716  

Mitsubishi Estate Co., Ltd.

     54,589        989,097  

Mitsui Fudosan Co., Ltd.

     43,808        1,101,285  

Nomura Real Estate Holdings, Inc.

     17,265        331,464  

Open House Co., Ltd.(a)

     3,000        102,860  

Relo Group, Inc.

     3,000        84,293  

Sumitomo Realty & Development Co., Ltd.

     9,379        388,599  

Tokyo Tatemono Co., Ltd.

     15,900      194,934  

Tokyu Fudosan Holdings Corp.

     39,568        236,654  
     

 

 

 
Total Japan

 

     7,764,231  
Malaysia – 0.5%

 

IGB Real Estate Investment Trust

     244,400        110,751  

IOI Properties Group Bhd

     204,575        66,146  

Pavilion Real Estate Investment Trust

     90,600        40,390  

Sime Darby Bhd

     330,000        89,724  

SP Setia Bhd

     216,875        120,589  

Sunway Bhd

     206,465        84,963  

Sunway Real Estate Investment Trust

     202,096        89,105  
     

 

 

 
Total Malaysia

 

     601,668  
Mexico – 1.4%

 

Concentradora Fibra Danhos S.A. de C.V.

     169,498        242,046  

Fibra Uno Administracion S.A. de C.V.

     681,198        941,860  

PLA Administradora Industrial S de RL de C.V.

     182,866        282,630  

Prologis Property Mexico S.A. de C.V.

     54,028        104,171  
     

 

 

 
Total Mexico

 

     1,570,707  
Netherlands – 0.5%

 

Eurocommercial Properties N.V. CVA

     8,872        256,221  

Wereldhave N.V.(a)

     10,580        289,509  
     

 

 

 
Total Netherlands

 

     545,730  
New Zealand – 0.5%

 

Goodman Property Trust

     176,546        208,299  

Kiwi Property Group Ltd.

     234,317        237,309  

Precinct Properties New Zealand Ltd.

     149,697        159,266  
     

 

 

 
Total New Zealand

 

     604,874  
Norway – 0.2%

 

Entra ASA(b)

     18,347        277,391  
Philippines – 0.4%

 

Ayala Land, Inc.

     213,100        182,217  

Megaworld Corp.

     551,600        60,927  

Robinsons Land Corp.

     111,547        52,045  

SM Prime Holdings, Inc.

     262,875        199,747  
     

 

 

 
Total Philippines

 

     494,936  
Russia – 0.1%

 

LSR Group PJSC GDR Reg S

     73,051        146,102  
Singapore – 9.4%

 

Ascendas Real Estate Investment Trust

     458,984        986,079  

Ascott Residence Trust

     358,288        312,130  

Bukit Sembawang Estates Ltd.

     27,100        113,042  

CapitaLand Commercial Trust

     451,775        647,060  

CapitaLand Ltd.

     425,989        1,147,922  

CapitaLand Mall Trust

     485,586        853,226  

CapitaLand Retail China Trust

     162,100        187,890  

CDL Hospitality Trusts

     195,000        234,662  

City Developments Ltd.

     57,603        384,870  

Frasers Centrepoint Trust

     148,000        260,052  

Frasers Logistics & Industrial Trust

     294,299        252,039  

GuocoLand Ltd.

     103,800        148,669  

Ho Bee Land Ltd.

     80,800        150,326  

Keppel DC REIT

     157,700        174,640  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 31, 2019

 

 

 

Investments    Shares      Value  

Keppel REIT

     490,200      $ 466,857  

Manulife US Real Estate Investment Trust

     165,700        141,673  

Mapletree Commercial Trust

     427,592        596,640  

Mapletree Industrial Trust

     306,818        475,687  

Mapletree Logistics Trust

     511,975        551,852  

Mapletree North Asia Commercial Trust

     602,500        587,154  

OUE Ltd.

     93,300        117,098  

Parkway Life Real Estate Investment Trust

     74,700        161,036  

SPH REIT

     276,200        214,108  

Starhill Global REIT

     428,884        231,145  

Suntec Real Estate Investment Trust

     405,528        583,817  

United Engineers Ltd.

     49,500        92,093  

UOL Group Ltd.

     63,000        323,256  

Wing Tai Holdings Ltd.

     57,600        86,326  

Yanlord Land Group Ltd.

     276,900        278,024  
     

 

 

 
Total Singapore

 

     10,759,373  
South Africa – 2.3%

 

Growthpoint Properties Ltd.

     676,255        1,145,126  

Hyprop Investments Ltd.

     57,951        283,220  

Redefine Properties Ltd.

     1,362,826        916,662  

Vukile Property Fund Ltd.

     176,384        244,617  
     

 

 

 
Total South Africa

 

     2,589,625  
Spain – 0.5%

 

Inmobiliaria Colonial Socimi S.A.

     26,662        274,376  

Merlin Properties Socimi S.A.

     25,232        330,490  
     

 

 

 
Total Spain

 

     604,866  
Sweden – 2.0%

 

Atrium Ljungberg AB Class B

     10,800        184,904  

Castellum AB

     26,444        514,180  

Fabege AB

     18,051        262,729  

Hemfosa Fastigheter AB

     18,749        164,844  

Hufvudstaden AB Class A

     17,148        298,208  

Klovern AB Class B

     82,148        112,922  

Kungsleden AB

     26,245        209,387  

Sagax AB Class B

     5,553        105,129  

Wallenstam AB Class B

     23,772        240,532  

Wihlborgs Fastigheter AB

     11,700        159,847  
     

 

 

 
Total Sweden

 

     2,252,682  
Switzerland – 1.4%

 

Allreal Holding AG Registered Shares*

     1,565        266,359  

PSP Swiss Property AG Registered Shares

     4,976        540,620  

Swiss Prime Site AG Registered Shares*

     8,887        778,583  
     

 

 

 
Total Switzerland

 

     1,585,562  
Taiwan – 0.2%

 

Highwealth Construction Corp.

     170,110        280,385  
Thailand – 0.6%

 

Central Pattana PCL NVDR

     70,374        162,436  

Land & Houses PCL NVDR

     672,111        226,614  

MBK PCL NVDR

     85,200        55,842  

Pruksa Holding PCL NVDR

     113,400        64,320  

Quality Houses PCL NVDR

     829,800        77,398  

WHA Corp. PCL NVDR

     645,100        85,783  
     

 

 

 
Total Thailand

 

     672,393  
Turkey – 0.1%

 

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     478,917      129,698  
United Kingdom – 5.8%

 

Assura PLC

     274,626        205,407  

Big Yellow Group PLC

     14,374        185,708  

British Land Co. PLC (The)

     144,263        1,107,214  

Capital & Counties Properties PLC

     13,933        43,682  

CLS Holdings PLC

     35,106        112,304  

Derwent London PLC

     7,539        316,618  

Great Portland Estates PLC

     14,768        143,652  

Hammerson PLC

     127,525        558,004  

Land Securities Group PLC

     109,987        1,309,072  

Londonmetric Property PLC

     70,459        183,348  

NewRiver REIT PLC

     60,687        188,601  

Primary Health Properties PLC

     47,760        80,779  

Safestore Holdings PLC

     13,802        107,279  

Savills PLC

     14,198        167,339  

Secure Income REIT PLC

     29,054        155,600  

Segro PLC

     76,920        674,953  

Shaftesbury PLC

     19,161        219,716  

St. Modwen Properties PLC

     9,701        50,159  

Tritax Big Box REIT PLC

     194,785        364,478  

Unite Group PLC (The)

     21,660        258,956  

Workspace Group PLC

     15,083        191,822  
     

 

 

 
Total United Kingdom

 

     6,624,691  

TOTAL COMMON STOCKS

(Cost: $103,812,223)

 

 

     113,783,941  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.7%

 

United States – 2.7%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

  
(Cost: $3,046,250)(d)      3,046,250        3,046,250  

TOTAL INVESTMENTS IN SECURITIES – 102.4%

(Cost: $106,858,473)

 

 

     116,830,191  

Other Assets less Liabilities – (2.4)%

 

     (2,684,277
     

 

 

 
NET ASSETS – 100.0%

 

   $ 114,145,914  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $4,479,976 and the total market value of the collateral held by the Fund was $4,710,875. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,664,625.

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.

 

64   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
Australia – 3.6%      

AGL Energy Ltd.

     3,515      $ 54,357  

Alumina Ltd.

     23,542        40,470  

Amcor Ltd.

     5,769        63,068  

AMP Ltd.

     11,215        16,730  

APA Group

     4,409        31,257  

ASX Ltd.

     1,194        59,235  

Aurizon Holdings Ltd.

     11,675        37,735  

Australia & New Zealand Banking Group Ltd.

     11,886        219,777  

Bank of Queensland Ltd.

     2,731        17,654  

Bendigo & Adelaide Bank Ltd.

     3,718        25,566  

BHP Group Ltd.

     13,089        357,871  

BHP Group PLC

     10,007        241,051  

Boral Ltd.

     4,453        14,519  

Coca-Cola Amatil Ltd.

     3,232        19,859  

Commonwealth Bank of Australia

     7,507        376,695  

Crown Resorts Ltd.

     3,159        25,828  

Fortescue Metals Group Ltd.

     16,307        82,360  

Harvey Norman Holdings Ltd.(a)

     9,264        26,454  

Insurance Australia Group Ltd.

     10,512        57,348  

Macquarie Group Ltd.

     1,318        121,168  

Mineral Resources Ltd.

     509        5,713  

National Australia Bank Ltd.

     12,920        231,921  

Rio Tinto Ltd.

     1,808        125,747  

Sonic Healthcare Ltd.

     2,136        37,265  

South32 Ltd.

     18,652        49,421  

Suncorp Group Ltd.

     6,244        61,120  

Sydney Airport

     10,883        57,439  

Tabcorp Holdings Ltd.

     10,628        34,878  

Telstra Corp., Ltd.

     49,051        115,680  

Transurban Group

     9,843        92,294  

Wesfarmers Ltd.

     4,912        120,902  

Westpac Banking Corp.

     15,376        283,107  

Whitehaven Coal Ltd.

     4,281        12,316  

Woodside Petroleum Ltd.

     2,957        72,720  

Woolworths Group Ltd.

     4,120        88,970  
     

 

 

 
Total Australia

 

     3,278,495  
Austria – 0.1%

 

Lenzing AG

     149        15,978  

Oesterreichische Post AG

     731        30,944  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     264        6,788  

Voestalpine AG

     623        18,937  
     

 

 

 
Total Austria

 

     72,647  
Belgium – 0.9%

 

Ageas

     1,096        52,918  

Anheuser-Busch InBev S.A./N.V.

     6,845        574,598  

bpost S.A.(a)

     1,772        19,131  

Cofinimmo S.A.

     304        40,415  

KBC Group N.V.

     1,153        80,631  

Proximus SADP

     1,743        50,318  
     

 

 

 
Total Belgium

 

     818,011  
Brazil – 0.3%

 

Banco Bradesco S.A.

     2,856      27,777  

Banco do Brasil S.A.

     4,000        50,076  

Banco Santander Brasil S.A.

     3,400        38,414  

BB Seguridade Participacoes S.A.

     3,199        21,800  

CCR S.A.

     9,433        28,456  

Cielo S.A.

     13,712        33,437  

Engie Brasil Energia S.A.

     3,755        41,210  

Itau Unibanco Holding S.A.

     3,595        27,574  

Ultrapar Participacoes S.A.

     2,000        24,154  
     

 

 

 
Total Brazil

 

     292,898  
Canada – 2.8%

 

AltaGas Ltd.

     1,755        23,107  

ARC Resources Ltd.(a)

     1,489        10,165  

Bank of Montreal

     1,991        149,018  

Bank of Nova Scotia (The)

     3,869        206,026  

BCE, Inc.

     4,314        191,619  

Canadian Imperial Bank of Commerce

     1,606        126,946  

CI Financial Corp.

     1,416        19,333  

Emera, Inc.

     1,714        64,111  

Enbridge, Inc.

     8,606        311,786  

Fortis, Inc.

     1,048        38,744  

Great-West Lifeco, Inc.

     3,683        89,211  

Hydro One Ltd.(b)

     2,000        31,079  

IGM Financial, Inc.

     952        24,499  

Inter Pipeline Ltd.

     2,190        36,245  

Keyera Corp.

     1,210        28,539  

Manulife Financial Corp.

     5,218        88,272  

National Bank of Canada

     1,173        52,954  

Norbord, Inc.

     1,048        28,884  

Pembina Pipeline Corp.

     2,470        90,761  

Power Corp. of Canada

     2,004        46,742  

Power Financial Corp.

     2,701        63,120  

Royal Bank of Canada

     3,689        278,397  

Shaw Communications, Inc. Class B

     1,876        39,052  

Sun Life Financial, Inc.

     1,238        47,576  

TELUS Corp.

     2,304        85,299  

Toronto-Dominion Bank (The)

     4,710        255,675  

TransCanada Corp.(a)

     3,691        165,825  

Vermilion Energy, Inc.

     844        20,842  
     

 

 

 
Total Canada

 

     2,613,827  
Chile – 0.1%

 

Banco Santander Chile

     754,554        56,763  

Enel Americas S.A.

     156,943        27,902  

Enel Chile S.A.

     163,113        17,091  
     

 

 

 
Total Chile

 

     101,756  
China – 3.4%

 

Agile Group Holdings Ltd.

     22,000        35,593  

Agricultural Bank of China Ltd. Class H

     159,074        73,357  

Bank of China Ltd. Class H

     486,366        220,570  

Bank of Communications Co., Ltd. Class H

     149,125        122,150  

Beijing Enterprises Water Group Ltd.*

     50,000        30,892  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

Investments    Shares      Value  

China Cinda Asset Management Co., Ltd. Class H

     164,000      $ 45,544  

China CITIC Bank Corp., Ltd. Class H

     73,000        46,497  

China Construction Bank Corp. Class H

     648,536        556,010  

China Everbright Bank Co., Ltd. Class H

     37,000        17,487  

China Evergrande Group(a)

     20,000        66,497  

China Jinmao Holdings Group Ltd.

     44,000        28,698  

China Mobile Ltd.

     33,500        341,404  

China Petroleum & Chemical Corp. Class H

     330,000        260,218  

China Resources Cement Holdings Ltd.

     20,000        20,637  

China Resources Power Holdings Co., Ltd.

     15,575        23,412  

China Shenhua Energy Co., Ltd. Class H

     26,000        59,287  

China Vanke Co., Ltd. Class H

     7,600        31,949  

CIFI Holdings Group Co., Ltd.

     40,000        30,319  

CNOOC Ltd.

     97,415        182,422  

Country Garden Holdings Co., Ltd.

     47,000        73,404  

Dongfeng Motor Group Co., Ltd. Class H

     24,000        24,031  

Guangdong Investment Ltd.

     22,000        42,487  

Guangzhou Automobile Group Co., Ltd. Class H

     30,000        35,427  

Industrial & Commercial Bank of China Ltd. Class H

     443,000        324,493  

Kingboard Holdings Ltd.

     11,000        39,026  

Kingboard Laminates Holdings Ltd.

     15,000        15,764  

KWG Group Holdings Ltd.

     24,500        29,556  

Lenovo Group Ltd.

     48,000        43,170  

Logan Property Holdings Co., Ltd.

     8,000        13,249  

Longfor Group Holdings Ltd.

     8,000        28,179  

Shimao Property Holdings Ltd.

     13,000        40,656  

Sino-Ocean Group Holding Ltd.

     48,775        21,374  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     40,000        19,057  

Weichai Power Co., Ltd. Class H

     18,000        28,754  

WH Group Ltd.(b)

     59,500        63,669  

Xinyi Glass Holdings Ltd.

     24,000        27,516  

Yanzhou Coal Mining Co., Ltd. Class H

     6,000        5,893  

Yuexiu Property Co., Ltd.

     186,000        44,782  
     

 

 

 
Total China

 

     3,113,430  
Czech Republic – 0.1%

 

CEZ AS

     1,970        46,285  

Komercni Banka AS

     685        27,990  

O2 Czech Republic AS

     1,688        18,307  
     

 

 

 
Total Czech Republic

 

     92,582  
Denmark – 0.2%

 

Danske Bank A/S

     4,167        73,203  

ISS A/S

     800        24,366  

Pandora A/S

     622        29,151  

Tryg A/S

     1,602        43,998  
     

 

 

 
Total Denmark

 

     170,718  
Finland – 0.8%

 

Elisa Oyj

     984        44,438  

Fortum Oyj(a)

     4,515        92,420  

Kesko Oyj Class B

     608        37,029  

Kone Oyj Class B

     1,404        70,879  

Metso Oyj

     904        31,122  

Nokia Oyj

     20,568        117,183  

Nokian Renkaat Oyj(a)

     760      25,464  

Nordea Bank Abp(a)

     20,313        154,943  

Sampo Oyj Class A

     2,195        99,597  

UPM-Kymmene Oyj

     2,531        73,890  
     

 

 

 
Total Finland

 

     746,965  
France – 3.1%

 

ALD S.A.(b)

     1,291        18,047  

Amundi S.A.(b)

     527        33,197  

AXA S.A.

     8,092        203,801  

BNP Paribas S.A.

     4,663        223,100  

Bouygues S.A.

     1,684        60,224  

Casino Guichard Perrachon S.A.(a)

     715        31,030  

Cie de Saint-Gobain

     1,760        63,852  

Cie Generale des Etablissements Michelin SCA

     537        63,553  

CNP Assurances

     2,682        59,085  

Credit Agricole S.A.

     8,968        108,451  

Engie S.A.

     11,656        173,808  

Eutelsat Communications S.A.

     1,103        19,314  

ICADE

     528        44,702  

Klepierre S.A.

     1,254        43,903  

Lagardere SCA

     1,092        28,103  

Metropole Television S.A.

     1,116        20,601  

Natixis S.A.

     12,491        66,916  

Orange S.A.

     11,957        194,676  

Publicis Groupe S.A.

     720        38,587  

Renault S.A.

     1,351        89,365  

Sanofi

     4,418        390,609  

SCOR SE

     988        42,112  

Societe Generale S.A.

     3,022        87,461  

Suez

     2,391        31,707  

TOTAL S.A.

     10,523        585,116  

Unibail-Rodamco-Westfield(a)

     428        70,232  

Veolia Environnement S.A.

     2,217        49,613  
     

 

 

 
Total France

 

     2,841,165  
Germany – 2.7%

 

1&1 Drillisch AG

     658        23,451  

Allianz SE Registered Shares

     1,336        297,445  

Axel Springer SE

     349        18,042  

BASF SE

     3,338        245,611  

Bayerische Motoren Werke AG

     2,559        197,544  

Daimler AG Registered Shares

     6,429        377,182  

Deutsche Lufthansa AG Registered Shares

     1,574        34,579  

Deutsche Post AG Registered Shares

     4,074        132,660  

Deutsche Telekom AG Registered Shares

     17,382        288,760  

E.ON SE

     8,011        89,160  

Evonik Industries AG

     1,818        49,564  

Freenet AG

     1,250        26,885  

Hannover Rueck SE

     280        40,243  

Hugo Boss AG

     438        29,941  

Innogy SE

     1,753        75,093  

MAN SE

     376        30,904  

METRO AG

     1,523        25,292  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

Investments    Shares      Value  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     538      $ 127,464  

ProSiebenSat.1 Media SE

     1,674        23,909  

Siemens AG Registered Shares

     2,661        286,660  

Talanx AG

     614        23,689  

Telefonica Deutschland Holding AG

     19,043        59,850  

TUI AG

     1,859        17,847  
     

 

 

 
Total Germany

 

     2,521,775  
Hong Kong – 1.0%

 

Bank of East Asia Ltd. (The)

     4,600        14,943  

BOC Hong Kong Holdings Ltd.

     27,000        111,784  

CLP Holdings Ltd.

     8,500        98,536  

Hang Lung Properties Ltd.

     13,472        32,882  

Hang Seng Bank Ltd.

     4,700        115,974  

Henderson Land Development Co., Ltd.

     11,000        69,924  

Hopewell Holdings Ltd.

     8,500        41,796  

Hysan Development Co., Ltd.

     6,000        32,140  

New World Development Co., Ltd.

     44,472        73,762  

PCCW Ltd.

     40,000        24,866  

Power Assets Holdings Ltd.

     7,500        52,023  

Sino Land Co., Ltd.

     26,000        50,278  

SJM Holdings Ltd.

     19,000        21,687  

Sun Hung Kai Properties Ltd.

     7,500        128,695  

Wharf Holdings Ltd. (The)

     12,519        37,797  
     

 

 

 
Total Hong Kong

 

     907,087  
India – 0.3%

 

Bharat Petroleum Corp., Ltd.

     8,005        45,938  

Bharti Infratel Ltd.

     6,484        29,334  

Coal India Ltd.

     11,110        38,041  

Hindustan Petroleum Corp., Ltd.

     6,874        28,166  

Indian Oil Corp., Ltd.

     25,536        60,029  

Vedanta Ltd.

     24,364        64,871  
     

 

 

 
Total India

 

     266,379  
Indonesia – 0.1%

 

Adaro Energy Tbk PT

     149,000        14,074  

Gudang Garam Tbk PT

     4,500        26,292  

Telekomunikasi Indonesia Persero Tbk PT

     320,300        88,847  
     

 

 

 
Total Indonesia

 

     129,213  
Israel – 0.0%

 

Bank Leumi Le-Israel BM

     2,719        17,763  

Bezeq Israeli Telecommunication Corp., Ltd.

     12,470        8,950  
     

 

 

 
Total Israel

 

     26,713  
Italy – 1.5%

 

ACEA SpA

     1,434        24,265  

Assicurazioni Generali SpA

     5,937        109,995  

Azimut Holding SpA(a)

     1,614        27,456  

Banca Mediolanum SpA

     3,764        26,690  

De’ Longhi SpA

     543        14,670  

Enel SpA

     44,062        282,205  

Eni SpA

     16,098        284,764  

Hera SpA

     10,634        38,496  

Intesa Sanpaolo SpA

     109,368        266,607  

Mediobanca Banca di Credito Finanziario SpA

     2,778      28,891  

Poste Italiane SpA(b)

     5,483        53,390  

Snam SpA

     21,077        108,368  

Telecom Italia SpA RSP

     28,639        16,284  

Terna Rete Elettrica Nazionale SpA

     10,736        68,086  

UnipolSai Assicurazioni SpA(a)

     14,338        38,703  
     

 

 

 
Total Italy

 

     1,388,870  
Japan – 2.4%

 

Amada Holdings Co., Ltd.

     2,400        23,743  

Aozora Bank Ltd.

     833        20,591  

Bridgestone Corp.

     2,200        84,792  

Canon, Inc.

     5,400        156,753  

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

     2,500        31,192  

Daito Trust Construction Co., Ltd.

     200        27,881  

Daiwa Securities Group, Inc.

     5,401        26,301  

ITOCHU Corp.

     5,942        107,502  

Japan Exchange Group, Inc.

     1,200        21,390  

Japan Post Holdings Co., Ltd.

     12,400        145,190  

Japan Tobacco, Inc.

     8,000        198,401  

JFE Holdings, Inc.

     1,900        32,246  

Marubeni Corp.

     6,269        43,328  

Mitsubishi Corp.

     4,100        113,867  

Mizuho Financial Group, Inc.

     63,800        98,739  

MS&AD Insurance Group Holdings, Inc.

     1,400        42,626  

Nissan Motor Co., Ltd.(a)

     19,300        158,362  

Nomura Holdings, Inc.

     6,500        23,502  

NTT DOCOMO, Inc.

     11,200        248,063  

Resona Holdings, Inc.

     6,400        27,737  

Sankyo Co., Ltd.

     500        19,063  

Sekisui House Ltd.

     2,100        34,758  

Subaru Corp.(a)

     2,700        61,533  

Sumitomo Chemical Co., Ltd.(a)

     4,700        21,868  

Sumitomo Corp.

     5,086        70,350  

Sumitomo Mitsui Financial Group, Inc.

     3,800        133,070  

Takeda Pharmaceutical Co., Ltd.

     2,700        110,283  

Tokyo Electron Ltd.(a)

     700        101,188  
     

 

 

 
Total Japan

 

     2,184,319  
Malaysia – 0.2%

 

CIMB Group Holdings Bhd

     20,700        26,113  

DiGi.Com Bhd

     35,800        39,899  

Malayan Banking Bhd

     34,500        78,338  

Maxis Bhd

     29,900        39,256  

Sime Darby Bhd

     39,900        21,795  

YTL Power International Bhd

     34,990        7,371  
     

 

 

 
Total Malaysia

 

     212,772  
Mexico – 0.1%

 

Concentradora Fibra Danhos S.A. de C.V.

     17,578        25,102  

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     2,977        26,446  

Grupo Mexico S.A.B. de C.V. Series B

     22,472        61,818  

Nemak S.A.B. de C.V.(a)(b)

     10,508        6,083  
     

 

 

 
Total Mexico

 

     119,449  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

Investments    Shares      Value  
Netherlands – 0.6%

 

ABN AMRO Group N.V. CVA(b)

     3,545      $ 80,008  

Aegon N.V.

     8,467        40,729  

ASR Nederland N.V.

     480        19,996  

Boskalis Westminster

     672        17,392  

ING Groep N.V.

     14,465        175,154  

Koninklijke Ahold Delhaize N.V.

     3,653        97,314  

NN Group N.V.

     1,512        62,868  

Randstad N.V.(a)

     791        38,609  

Signify N.V.(b)

     1,408        37,706  
     

 

 

 
Total Netherlands

 

     569,776  
New Zealand – 0.1%

 

Mercury NZ Ltd.

     12,049        32,048  

Meridian Energy Ltd.

     14,462        41,277  

Spark New Zealand Ltd.

     17,760        46,027  
     

 

 

 
Total New Zealand

 

     119,352  
Norway – 0.7%

 

DNB ASA

     4,198        77,412  

Equinor ASA

     9,935        217,872  

Gjensidige Forsikring ASA(a)

     2,105        36,421  

Mowi ASA

     2,783        62,210  

Norsk Hydro ASA

     7,321        29,712  

Orkla ASA

     3,030        23,293  

Salmar ASA

     466        22,392  

Telenor ASA

     7,036        141,102  
     

 

 

 
Total Norway

 

     610,414  
Philippines – 0.0%

 

Manila Electric Co.

     3,230        23,375  
Poland – 0.1%

 

Bank Polska Kasa Opieki S.A.

     995        28,548  

Powszechny Zaklad Ubezpieczen S.A.

     3,616        38,199  
     

 

 

 
Total Poland

 

     66,747  
Portugal – 0.2%

 

EDP – Energias de Portugal S.A.

     18,184        71,565  

Galp Energia, SGPS, S.A.

     2,959        47,445  

Jeronimo Martins, SGPS, S.A.

     2,081        30,727  

Navigator Co. S.A. (The)

     6,336        29,027  
     

 

 

 
Total Portugal

 

     178,764  
Russia – 1.6%

 

Gazprom PJSC ADR

     43,404        195,926  

Lukoil PJSC ADR

     2,809        251,686  

Magnit PJSC GDR Reg S

     2,829        39,889  

MMC Norilsk Nickel PJSC ADR

     10,297        217,473  

Mobile TeleSystems PJSC ADR

     7,107        53,729  

Novolipetsk Steel PJSC GDR Reg S

     2,190        56,217  

PhosAgro PJSC GDR Reg S

     1,452        18,194  

Rosneft Oil Co. PJSC GDR Reg S

     6,709        42,132  

Sberbank of Russia PJSC ADR

     17,727        235,060  

Severstal PJSC GDR Reg S

     4,789        74,708  

Tatneft PJSC ADR

     3,048        210,922  

VTB Bank PJSC GDR Reg S

     20,881        23,846  

X5 Retail Group N.V. GDR Reg S

     1,400        34,888  
     

 

 

 
Total Russia

 

     1,454,670  
Singapore – 0.8%

 

CapitaLand Ltd.

     9,300      25,061  

ComfortDelGro Corp., Ltd.

     8,900        16,887  

DBS Group Holdings Ltd.

     7,800        145,289  

Frasers Property Ltd.

     30,300        40,490  

Jardine Cycle & Carriage Ltd.

     1,500        35,980  

Keppel Corp., Ltd.

     7,900        36,278  

Oversea-Chinese Banking Corp., Ltd.

     11,982        97,749  

Singapore Airlines Ltd.

     6,800        48,496  

Singapore Technologies Engineering Ltd.

     12,300        33,962  

Singapore Telecommunications Ltd.

     77,700        173,240  

United Overseas Bank Ltd.

     4,313        80,210  

Venture Corp., Ltd.

     2,000        26,489  
     

 

 

 
Total Singapore

 

     760,131  
South Africa – 0.7%

 

Absa Group Ltd.

     5,327        56,183  

AVI Ltd.

     3,333        20,868  

Exxaro Resources Ltd.

     2,209        25,175  

FirstRand Ltd.

     18,065        78,868  

Foschini Group Ltd. (The)

     1,823        20,605  

Imperial Logistics Ltd.(a)

     1,920        7,971  

Kumba Iron Ore Ltd.(a)

     873        26,048  

MTN Group Ltd.(a)

     17,555        107,877  

Nedbank Group Ltd.

     1,981        34,512  

Netcare Ltd.

     11,447        18,534  

RMB Holdings Ltd.

     5,075        26,738  

Sanlam Ltd.

     9,142        46,758  

SPAR Group Ltd. (The)

     2,304        30,656  

Standard Bank Group Ltd.

     7,834        100,622  

Tiger Brands Ltd.

     1,029        18,909  

Truworths International Ltd.

     4,624        22,249  

Vodacom Group Ltd.

     5,623        43,448  
     

 

 

 
Total South Africa

 

     686,021  
South Korea – 0.3%

 

Coway Co., Ltd.

     325        27,057  

Doosan Corp.

     108        8,810  

KT&G Corp.

     792        72,216  

Lotte Chemical Corp.

     177        45,299  

S-Oil Corp.

     271        21,391  

SK Innovation Co., Ltd.

     316        49,971  

SK Telecom Co., Ltd.

     254        56,278  
     

 

 

 
Total South Korea

 

     281,022  
Spain – 1.9%

 

Acerinox S.A.

     2,548        25,274  

ACS Actividades de Construccion y Servicios S.A.

     1,527        67,143  

Aena SME S.A.(b)

     588        105,968  

Banco Bilbao Vizcaya Argentaria S.A.

     18,016        103,028  

Banco de Sabadell S.A.

     19,384        19,323  

Banco Santander S.A.

     53,633        249,589  

CaixaBank S.A.

     15,514        48,497  

Enagas S.A.

     1,706        49,690  

Endesa S.A.

     6,805        173,756  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

Investments    Shares      Value  

Ferrovial S.A.

     2,698      $ 63,255  

Iberdrola S.A.

     32,056        281,690  

Mapfre S.A.

     15,862        43,743  

Mediaset Espana Comunicacion S.A.

     2,579        19,275  

Naturgy Energy Group S.A.

     4,522        126,583  

Red Electrica Corp. S.A.

     3,272        69,805  

Repsol S.A.

     7,624        130,635  

Telefonica S.A.

     21,349        179,045  
     

 

 

 
Total Spain

 

     1,756,299  
Sweden – 0.7%

 

Atlas Copco AB Class A

     3,106        83,600  

Axfood AB(a)

     761        14,194  

Electrolux AB Series B

     1,140        29,362  

Hennes & Mauritz AB Class B

     6,738        112,599  

ICA Gruppen AB(a)

     821        33,016  

Skandinaviska Enskilda Banken AB Class A

     9,780        84,859  

Skanska AB Class B(a)

     2,517        45,834  

Svenska Handelsbanken AB Class A(a)

     6,575        69,540  

Swedbank AB Class A(a)

     5,291        74,927  

Swedish Match AB

     538        27,488  

Tele2 AB Class B

     1,454        19,415  

Telia Co. AB

     18,631        84,264  
     

 

 

 
Total Sweden

 

     679,098  
Switzerland – 2.6%

 

ABB Ltd. Registered Shares

     7,571        142,237  

Adecco Group AG Registered Shares

     773        41,231  

Baloise Holding AG Registered Shares

     386        63,758  

Kuehne + Nagel International AG Registered Shares

     601        82,435  

LafargeHolcim Ltd. Registered Shares*

     2,213        109,306  

Novartis AG Registered Shares

     7,643        735,060  

Roche Holding AG Genusschein

     2,107        580,435  

Swiss Re AG

     1,380        134,799  

Swisscom AG Registered Shares(a)

     258        126,163  

UBS Group AG Registered Shares*

     10,774        130,577  

Zurich Insurance Group AG

     635        210,158  
     

 

 

 
Total Switzerland

 

     2,356,159  
Taiwan – 2.0%

 

Asustek Computer, Inc.

     7,486        54,164  

AU Optronics Corp.

     146,000        53,766  

Catcher Technology Co., Ltd.

     5,000        38,448  

Cathay Financial Holding Co., Ltd.

     51,000        74,381  

Cheng Shin Rubber Industry Co., Ltd.

     17,197        23,407  

China Development Financial Holding Corp.

     137,000        45,784  

China Steel Corp.

     58,000        47,611  

Chunghwa Telecom Co., Ltd.

     24,000        85,268  

Compal Electronics, Inc.

     27,000        16,776  

CTBC Financial Holding Co., Ltd.

     95,480        63,353  

Delta Electronics, Inc.

     12,000        61,907  

Far EasTone Telecommunications Co., Ltd.

     10,000        24,107  

First Financial Holding Co., Ltd.

     76,374        52,286  

Formosa Chemicals & Fibre Corp.

     37,000        134,456  

Formosa Petrochemical Corp.

     16,000        59,960  

Formosa Plastics Corp.

     36,000      127,902  

Fubon Financial Holding Co., Ltd.

     44,195        65,962  

Hotai Motor Co., Ltd.

     3,000        36,745  

Innolux Corp.

     108,000        35,042  

Inventec Corp.

     34,000        25,869  

Mega Financial Holding Co., Ltd.

     82,941        75,485  

Nan Ya Plastics Corp.

     51,000        130,559  

Nanya Technology Corp.

     11,000        21,914  

Novatek Microelectronics Corp.

     6,000        38,546  

Pegatron Corp.

     22,680        39,222  

Pou Chen Corp.

     30,000        36,550  

President Chain Store Corp.

     6,000        59,084  

Quanta Computer, Inc.

     23,210        43,527  

SinoPac Financial Holdings Co., Ltd.

     88,559        32,757  

Taiwan Mobile Co., Ltd.

     13,800        49,925  

Uni-President Enterprises Corp.

     49,000        118,921  

United Microelectronics Corp.

     82,000        30,996  

WPG Holdings Ltd.

     13,800        18,000  

Yuanta Financial Holding Co., Ltd.

     77,000        43,846  
     

 

 

 
Total Taiwan

 

     1,866,526  
Thailand – 0.2%

 

Advanced Info Service PCL NVDR

     7,900        45,804  

Glow Energy PCL NVDR

     7,900        22,653  

Land & Houses PCL NVDR

     84,600        28,524  

PTT Global Chemical PCL NVDR

     17,836        37,797  

Siam Commercial Bank PCL (The) NVDR

     9,900        41,179  

Thai Oil PCL NVDR

     6,700        14,673  
     

 

 

 
Total Thailand

 

     190,630  
Turkey – 0.2%

 

Akbank T.A.S.*

     21,206        23,722  

Eregli Demir ve Celik Fabrikalari T.A.S.

     19,306        31,165  

Tupras Turkiye Petrol Rafinerileri AS

     1,698        37,509  

Turkcell Iletisim Hizmetleri AS

     10,384        22,222  

Turkiye Garanti Bankasi AS

     13,441        19,842  
     

 

 

 
Total Turkey

 

     134,460  
United Kingdom – 7.4%

 

Admiral Group PLC

     1,212        34,271  

Anglo American PLC

     5,300        141,818  

Antofagasta PLC

     4,087        51,445  

AstraZeneca PLC

     4,072        325,524  

Aviva PLC

     16,097        86,502  

Babcock International Group PLC

     2,043        13,138  

BAE Systems PLC

     13,523        85,004  

Barratt Developments PLC

     7,194        56,170  

Bellway PLC

     537        21,307  

BP PLC

     97,755        711,416  

British American Tobacco PLC

     11,725        487,988  

British Land Co. PLC (The)

     3,480        26,709  

BT Group PLC

     53,617        155,765  

Centrica PLC

     25,966        38,640  

Direct Line Insurance Group PLC

     4,412        20,294  

Dixons Carphone PLC

     8,278        15,829  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

Investments    Shares      Value  

Evraz PLC

     14,907      $ 120,510  

Fresnillo PLC

     3,919        44,469  

G4S PLC

     6,576        15,724  

GlaxoSmithKline PLC

     25,243        525,234  

Hammerson PLC

     3,291        14,400  

Hays PLC

     8,594        16,798  

HSBC Holdings PLC

     79,507        645,749  

Imperial Brands PLC

     5,900        201,771  

International Consolidated Airlines Group S.A.

     6,918        46,079  

ITV PLC

     21,294        35,267  

J Sainsbury PLC

     10,189        31,293  

John Wood Group PLC

     2,009        13,283  

Kingfisher PLC

     7,961        24,357  

Land Securities Group PLC

     2,718        32,350  

Legal & General Group PLC

     31,291        112,250  

Lloyds Banking Group PLC

     238,440        193,069  

Man Group PLC

     10,189        18,030  

Marks & Spencer Group PLC

     7,791        28,314  

Micro Focus International PLC

     1,823        47,426  

National Grid PLC

     17,532        194,366  

Pennon Group PLC

     2,399        23,245  

Persimmon PLC

     2,658        75,158  

Rio Tinto PLC

     6,882        400,044  

Royal Dutch Shell PLC Class A

     21,827        686,440  

Royal Mail PLC

     6,650        20,649  

Schroders PLC

     665        23,414  

Severn Trent PLC

     1,185        30,512  

SSE PLC

     7,731        119,577  

St. James’s Place PLC

     1,864        24,969  

Standard Life Aberdeen PLC

     13,226        45,489  

Tate & Lyle PLC

     2,000        18,915  

Taylor Wimpey PLC

     26,111        59,695  

Unilever PLC

     3,505        200,728  

United Utilities Group PLC

     3,218        34,150  

Vodafone Group PLC

     209,642        381,897  

William Hill PLC

     5,320        11,130  
     

 

 

 
Total United Kingdom

 

     6,788,571  
United States – 55.7%

 

AbbVie, Inc.

     12,483        1,006,005  

Acadia Realty Trust

     548        14,944  

AES Corp.

     5,282        95,499  

Alexandria Real Estate Equities, Inc.

     452        64,437  

Alliant Energy Corp.

     1,541        72,627  

Altria Group, Inc.

     18,701        1,073,998  

Ameren Corp.

     1,867        137,318  

American Campus Communities, Inc.

     1,040        49,483  

American Electric Power Co., Inc.

     3,793        317,664  

American Financial Group, Inc.

     361        34,732  

Apartment Investment & Management Co. Class A

     805        40,483  

Apple Hospitality REIT, Inc.

     3,532        57,572  

Archer-Daniels-Midland Co.

     3,468        149,575  

AT&T, Inc.

     81,044        2,541,540  

AvalonBay Communities, Inc.

     696        139,708  

Avangrid, Inc.

     2,560      128,896  

BB&T Corp.

     3,644        169,555  

Bed Bath & Beyond, Inc.

     1,282        21,781  

BGC Partners, Inc. Class A

     2,732        14,507  

Boston Properties, Inc.

     669        89,566  

Brandywine Realty Trust

     2,331        36,970  

Brixmor Property Group, Inc.

     3,578        65,728  

Broadcom, Inc.

     2,530        760,796  

Camden Property Trust

     500        50,750  

Campbell Soup Co.

     2,700        102,951  

Cardinal Health, Inc.

     2,261        108,867  

CenterPoint Energy, Inc.

     4,124        126,607  

CenturyLink, Inc.

     21,194        254,116  

Chevron Corp.

     14,612        1,799,906  

Cincinnati Financial Corp.

     672        57,725  

Cinemark Holdings, Inc.

     831        33,232  

Cisco Systems, Inc.

     27,353        1,476,788  

CME Group, Inc.

     2,014        331,464  

CMS Energy Corp.

     1,531        85,032  

CNA Financial Corp.

     3,096        134,212  

Coca-Cola Co. (The)

     29,874        1,399,896  

Cogent Communications Holdings, Inc.

     378        20,507  

Colony Capital, Inc.

     7,517        39,990  

Columbia Property Trust, Inc.

     1,340        30,163  

Compass Minerals International, Inc.

     385        20,932  

Consolidated Edison, Inc.

     2,388        202,526  

CoreCivic, Inc.

     1,298        25,246  

CoreSite Realty Corp.

     218        23,330  

Coty, Inc. Class A

     7,761        89,251  

Covanta Holding Corp.

     1,628        28,181  

Cracker Barrel Old Country Store, Inc.

     271        43,796  

Crown Castle International Corp.

     2,585        330,880  

CubeSmart

     1,250        40,050  

Cummins, Inc.

     1,006        158,817  

CVR Energy, Inc.

     1,228        50,594  

Cypress Semiconductor Corp.

     3,893        58,084  

CyrusOne, Inc.

     459        24,070  

Darden Restaurants, Inc.

     768        93,289  

Designer Brands, Inc.

     808        17,954  

Digital Realty Trust, Inc.

     1,159        137,921  

Dominion Energy, Inc.

     6,860        525,888  

Domtar Corp.

     527        26,166  

DTE Energy Co.

     1,189        148,316  

Duke Energy Corp.

     6,438        579,420  

Duke Realty Corp.

     1,574        48,133  

Edison International

     2,227        137,896  

Emerson Electric Co.

     4,010        274,565  

Entergy Corp.

     1,870        178,828  

EPR Properties

     823        63,289  

Equity Residential

     1,873        141,074  

Erie Indemnity Co. Class A

     130        23,208  

Essex Property Trust, Inc.

     303        87,640  

Eversource Energy

     2,010        142,609  

Exelon Corp.

     6,825        342,137  

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

Investments    Shares      Value  

Extended Stay America, Inc.

     2,328      $ 41,788  

Extra Space Storage, Inc.

     754        76,840  

Exxon Mobil Corp.

     33,688        2,721,990  

Fastenal Co.

     1,578        101,481  

Federal Realty Investment Trust

     404        55,691  

Federated Investors, Inc. Class B

     751        22,012  

Fidelity National Financial, Inc.

     1,390        50,804  

First American Financial Corp.

     571        29,407  

First Hawaiian, Inc.

     760        19,798  

FirstEnergy Corp.

     3,814        158,701  

Flowers Foods, Inc.

     1,707        36,393  

FNB Corp.

     1,861        19,727  

Foot Locker, Inc.

     767        46,480  

Ford Motor Co.

     67,789        595,187  

Franklin Resources, Inc.

     2,742        90,870  

Gaming and Leisure Properties, Inc.

     2,364        91,179  

Gap, Inc. (The)

     2,843        74,430  

General Electric Co.

     67,422        673,546  

General Mills, Inc.

     5,261        272,257  

General Motors Co.

     13,761        510,533  

Genuine Parts Co.

     824        92,313  

GEO Group, Inc. (The)

     1,700        32,640  

Gilead Sciences, Inc.

     7,978        518,650  

H&R Block, Inc.

     1,641        39,286  

Hanesbrands, Inc.

     2,654        47,454  

Harley-Davidson, Inc.

     1,295        46,180  

Hawaiian Electric Industries, Inc.

     1,320        53,816  

HCP, Inc.

     4,460        139,598  

Healthcare Realty Trust, Inc.

     977        31,371  

Healthcare Trust of America, Inc. Class A

     1,613        46,116  

Helmerich & Payne, Inc.

     1,109        61,616  

Highwoods Properties, Inc.

     1,004        46,967  

Hospitality Properties Trust

     2,101        55,277  

Host Hotels & Resorts, Inc.

     5,767        108,996  

Hudson Pacific Properties, Inc.

     824        28,362  

Huntington Bancshares, Inc.

     5,204        65,987  

Intel Corp.

     25,095        1,347,601  

International Business Machines Corp.

     8,205        1,157,725  

International Paper Co.

     3,986        184,432  

Interpublic Group of Cos., Inc. (The)

     2,928        61,517  

Iron Mountain, Inc.

     3,162        112,125  

J.M. Smucker Co. (The)

     793        92,384  

Kellogg Co.

     2,449        140,524  

Kennedy-Wilson Holdings, Inc.

     1,105        23,636  

Kimberly-Clark Corp.

     2,539        314,582  

Kimco Realty Corp.

     5,016        92,796  

Kinder Morgan, Inc.

     15,437        308,894  

Kohl’s Corp.

     1,257        86,444  

Kraft Heinz Co. (The)

     11,208        365,941  

L Brands, Inc.

     3,815        105,218  

Lamar Advertising Co. Class A

     794        62,932  

Las Vegas Sands Corp.

     8,914        543,397  

Legg Mason, Inc.

     580        15,875  

Leggett & Platt, Inc.

     1,093        46,146  

Liberty Property Trust

     1,528      73,986  

Life Storage, Inc.

     385        37,449  

Macerich Co. (The)

     1,398        60,603  

Macquarie Infrastructure Corp.

     2,251        92,786  

Macy’s, Inc.

     2,887        69,375  

Maxim Integrated Products, Inc.

     1,702        90,495  

MDU Resources Group, Inc.

     1,662        42,929  

Medical Properties Trust, Inc.

     4,310        79,778  

Merck & Co., Inc.

     15,223        1,266,097  

Mercury General Corp.

     451        22,582  

Meredith Corp.(a)

     256        14,147  

MetLife, Inc.

     6,257        266,360  

Mid-America Apartment Communities, Inc.

     643        70,299  

Molson Coors Brewing Co. Class B

     1,136        67,762  

Murphy Oil Corp.

     1,328        38,910  

National Fuel Gas Co.

     830        50,597  

National Health Investors, Inc.

     457        35,897  

National Retail Properties, Inc.

     1,169        64,751  

Navient Corp.

     2,552        29,527  

New York Community Bancorp, Inc.

     6,760        78,213  

Newell Brands, Inc.

     5,186        79,553  

NiSource, Inc.

     1,911        54,769  

Nordstrom, Inc.

     925        41,052  

NorthWestern Corp.

     478        33,656  

Occidental Petroleum Corp.

     6,380        422,356  

OGE Energy Corp.

     1,411        60,842  

Old Republic International Corp.

     2,563        53,618  

Olin Corp.

     2,048        47,391  

Omega Healthcare Investors, Inc.

     2,401        91,598  

Omnicom Group, Inc.

     1,591        116,127  

ONEOK, Inc.

     3,714        259,386  

Outfront Media, Inc.

     1,940        45,396  

PACCAR, Inc.

     2,547        173,553  

PacWest Bancorp

     1,144        43,026  

Park Hotels & Resorts, Inc.

     1,937        60,202  

Patterson Cos., Inc.

     864        18,878  

Paychex, Inc.

     2,434        195,207  

Pebblebrook Hotel Trust

     1,173        36,433  

Penske Automotive Group, Inc.

     522        23,307  

People’s United Financial, Inc.

     3,776        62,077  

PepsiCo, Inc.

     9,400        1,151,970  

Pfizer, Inc.

     37,168        1,578,525  

Philip Morris International, Inc.

     17,081        1,509,790  

Phillips 66

     2,871        273,233  

Physicians Realty Trust

     1,741        32,748  

Piedmont Office Realty Trust, Inc. Class A

     1,797        37,467  

Pinnacle West Capital Corp.

     1,042        99,594  

PPL Corp.

     8,000        253,920  

Principal Financial Group, Inc.

     1,614        81,007  

ProAssurance Corp.

     952        32,949  

Procter & Gamble Co. (The)

     18,345        1,908,797  

Prologis, Inc.

     3,076        221,318  

Prudential Financial, Inc.

     2,233        205,168  

Public Service Enterprise Group, Inc.

     3,698        219,698  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Table of Contents

Schedule of Investments (continued)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

Investments    Shares      Value  

Public Storage

     1,096      $ 238,687  

QTS Realty Trust, Inc. Class A

     359        16,151  

QUALCOMM, Inc.

     11,256        641,930  

Rayonier, Inc.

     1,438        45,326  

Realty Income Corp.

     2,042        150,210  

Regency Centers Corp.

     901        60,808  

Retail Opportunity Investments Corp.

     756        13,109  

Retail Properties of America, Inc. Class A

     2,151        26,221  

RLJ Lodging Trust

     1,640        28,815  

Ryder System, Inc.

     723        44,819  

Ryman Hospitality Properties, Inc.

     386        31,745  

Sabra Health Care REIT, Inc.

     2,419        47,098  

Scotts Miracle-Gro Co. (The)

     352        27,660  

Sempra Energy

     1,545        194,454  

Senior Housing Properties Trust

     3,991        47,014  

Simon Property Group, Inc.

     2,177        396,671  

SITE Centers Corp.

     2,035        27,717  

Six Flags Entertainment Corp.

     746        36,815  

SL Green Realty Corp.

     484        43,521  

Sonoco Products Co.

     590        36,303  

South Jersey Industries, Inc.

     874        28,029  

Southern Co. (The)

     11,166        577,059  

Spirit Realty Capital, Inc.

     1,215        48,272  

STAG Industrial, Inc.

     800        23,720  

STORE Capital Corp.

     1,494        50,049  

Sun Communities, Inc.

     369        43,734  

Sunstone Hotel Investors, Inc.

     1,774        25,546  

Tanger Factory Outlet Centers, Inc.

     1,221        25,617  

Tapestry, Inc.

     1,975        64,168  

Targa Resources Corp.

     2,992        124,318  

Target Corp.

     3,380        271,279  

Taubman Centers, Inc.

     501        26,493  

TerraForm Power, Inc. Class A

     1,533        21,063  

TFS Financial Corp.

     2,294        37,782  

UDR, Inc.

     1,438        65,371  

Umpqua Holdings Corp.

     2,300        37,950  

United Bankshares, Inc.

     643        23,302  

United Parcel Service, Inc. Class B

     4,275        477,688  

Uniti Group, Inc.(a)

     2,240        25,066  

Valero Energy Corp.

     2,731        231,671  

Valley National Bancorp

     1,899        18,192  

Ventas, Inc.

     3,304        210,828  

VEREIT, Inc.

     12,038        100,758  

Verizon Communications, Inc.

     37,229        2,201,351  

VICI Properties, Inc.

     1,917        41,944  

Virtu Financial, Inc. Class A

     980        23,275  

Vornado Realty Trust

     1,056        71,217  

W.P. Carey, Inc.

     1,444        113,109  

Watsco, Inc.

     215        30,790  

WEC Energy Group, Inc.

     1,939        153,336  

Weingarten Realty Investors

     1,053        30,927  

Wells Fargo & Co.

     24,020        1,160,646  

Welltower, Inc.

     3,241        251,502  

Western Digital Corp.

     2,195        105,492  

Western Union Co. (The)

     3,629      67,028  

WestRock Co.

     2,612        100,170  

Weyerhaeuser Co.

     5,551        146,213  

Whirlpool Corp.

     612        81,329  

Williams Cos., Inc. (The)

     8,900        255,608  

Williams-Sonoma, Inc.

     580        32,637  

Wyndham Destinations, Inc.

     1,666        67,456  

Xcel Energy, Inc.

     3,677        206,684  

Xenia Hotels & Resorts, Inc.

     866        18,974  

Xerox Corp.

     2,008        64,216  
     

 

 

 
Total United States

 

     51,379,679  

TOTAL COMMON STOCKS

(Cost: $88,026,069)

 

 

     91,800,765  
EXCHANGE-TRADED FUNDS – 0.1%

 

United States – 0.1%

 

WisdomTree International High Dividend Fund(a)(c)

     943        37,976  

WisdomTree U.S. High Dividend Fund(a)(c)

     176        12,755  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $49,651)
              50,731  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5%

 

United States – 1.5%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(d)

     
(Cost: $1,424,615)(e)      1,424,615        1,424,615  
TOTAL INVESTMENTS IN SECURITIES – 101.1%
(Cost: $89,500,335)

 

     93,276,111  

Other Assets less Liabilities – (1.1)%

 

     (1,048,782
     

 

 

 
NET ASSETS – 100.0%

 

   $ 92,227,329  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(e) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $1,651,491 and the total market value of the collateral held by the Fund was $1,797,412. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $372,797.

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.

RSP – Risparmio Italian Savings Shares

 

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global High Dividend Fund (DEW)

March 31, 2019

 

 

 

 

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.

    4/2/2019       6,283       USD       58,150       SEK     $ 13     $  

Royal Bank of Canada

    4/2/2019       11,908       USD       10,600       EUR       6        
                                            $ 19     $  

 

CURRENCY LEGEND
EUR   Euro
SEK   Swedish krona
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Table of Contents

Schedule of Investments

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.5%      
India – 100.5%      
Aerospace & Defense – 0.2%      

Bharat Electronics Ltd.

     1,836,280      $ 2,471,788  
Airlines – 0.5%

 

InterGlobe Aviation Ltd.(a)

     248,825        5,129,692  

SpiceJet Ltd.*

     969,416        1,367,888  
     

 

 

 
Total Airlines

 

     6,497,580  
Auto Components – 1.1%

 

Apollo Tyres Ltd.

     762,096        2,450,478  

Balkrishna Industries Ltd.

     139,479        2,004,350  

Bharat Forge Ltd.

     339,601        2,511,895  

Bosch Ltd.

     4,638        1,217,486  

Ceat Ltd.

     56,768        917,712  

Endurance Technologies Ltd.(a)

     9,686        162,310  

Exide Industries Ltd.

     431,591        1,362,525  

Jamna Auto Industries Ltd.

     122,166        110,747  

Mahindra CIE Automotive Ltd.*

     101,969        345,171  

Minda Corp. Ltd.

     141,555        277,389  

Minda Industries Ltd.

     69,152        325,820  

Motherson Sumi Systems Ltd.

     1,116,878        2,413,521  

Sundram Fasteners Ltd.

     66,361        542,623  
     

 

 

 
Total Auto Components

 

     14,642,027  
Automobiles – 5.3%

 

Bajaj Auto Ltd.

     161,945        6,805,313  

Eicher Motors Ltd.

     14,869        4,410,303  

Hero MotoCorp Ltd.

     264,263        9,739,489  

Mahindra & Mahindra Ltd.

     1,763,263        17,152,839  

Maruti Suzuki India Ltd.

     170,810        16,452,375  

Tata Motors Ltd.*

     5,607,058        14,103,643  

TVS Motor Co., Ltd.

     145,500        989,043  
     

 

 

 
Total Automobiles

 

     69,653,005  
Banks – 6.9%

 

Axis Bank Ltd.*

     261,175        2,930,325  

Bandhan Bank Ltd.(a)

     35,729        271,417  

City Union Bank Ltd.

     613,313        1,813,601  

DCB Bank Ltd.

     408,478        1,207,008  

Federal Bank Ltd.

     4,427,220        6,163,917  

ICICI Bank Ltd.

     5,468,071        31,612,594  

IDFC Bank Ltd.

     5,742,851        4,600,913  

Indian Bank*

     383,304        1,549,815  

Karnataka Bank Ltd. (The)

     698,469        1,347,534  

Karur Vysya Bank Ltd. (The)

     703,032        723,583  

Kotak Mahindra Bank Ltd.

     976,564        18,812,337  

RBL Bank Ltd.(a)

     73,602        722,845  

South Indian Bank Ltd. (The)

     6,146,399        1,463,956  

Yes Bank Ltd.

     4,571,375        18,153,522  
     

 

 

 
Total Banks

 

     91,373,367  
Beverages – 0.1%

 

Radico Khaitan Ltd.

     23,816        135,831  

United Breweries Ltd.

     14,261        287,134  

United Spirits Ltd.*

     161,248        1,289,286  
     

 

 

 
Total Beverages

 

     1,712,251  
Biotechnology – 0.1%

 

Biocon Ltd.

     173,579      $ 1,529,825  
Building Products – 0.1%

 

Blue Star Ltd.

     30,000        293,569  

Sintex Plastics Technology Ltd.*

     1,801,591        518,827  
     

 

 

 
Total Building Products

 

     812,396  
Capital Markets – 0.6%

 

Care Ratings Ltd.

     41,738        596,231  

Edelweiss Financial Services Ltd.

     769,562        2,196,765  

IIFL Holdings Ltd.

     421,974        2,613,163  

Indiabulls Ventures Ltd.

     40,290        189,687  

JM Financial Ltd.

     641,909        871,940  

Motilal Oswal Financial Services Ltd.

     87,149        757,451  

Multi Commodity Exchange of India Ltd.

     25,002        291,110  

Reliance Nippon Life Asset Management Ltd.(a)

     125,673        380,420  
     

 

 

 
Total Capital Markets

 

     7,896,767  
Chemicals – 3.2%

 

Aarti Industries Ltd.

     19,262        438,668  

Advanced Enzyme Technologies Ltd.

     86,889        229,028  

Asian Paints Ltd.

     262,656        5,659,569  

Balaji Amines Ltd.

     25,195        180,284  

Berger Paints India Ltd.

     189,587        886,016  

Bhansali Engineering Polymers Ltd.

     71,265        75,148  

Bodal Chemicals Ltd.

     184,150        336,933  

Castrol India Ltd.

     534,376        1,283,582  

Chambal Fertilizers and Chemicals Ltd.

     658,727        1,588,457  

Coromandel International Ltd.

     186,267        1,364,569  

DCM Shriram Ltd.

     191,658        1,145,383  

EID Parry India Ltd.

     265,546        784,467  

GHCL Ltd.

     172,430        612,683  

Gujarat Alkalies & Chemicals Ltd.

     119,982        854,379  

Gujarat Fluorochemicals Ltd.

     45,209        720,962  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     219,111        967,694  

Gujarat State Fertilizers & Chemicals Ltd.

     530,284        798,009  

Himadri Speciality Chemical Ltd.

     235,124        394,730  

Kansai Nerolac Paints Ltd.

     134,610        890,923  

Kiri Industries Ltd.*

     82,254        588,275  

Meghmani Organics Ltd.

     237,581        209,545  

National Fertilizers Ltd.

     548,894        278,904  

Navin Fluorine International Ltd.

     40,220        410,822  

NOCIL Ltd.

     98,518        208,271  

Phillips Carbon Black Ltd.

     92,537        235,700  

PI Industries Ltd.

     67,211        1,001,204  

Pidilite Industries Ltd.

     96,408        1,734,370  

Rain Industries Ltd.

     490,607        723,782  

Rashtriya Chemicals & Fertilizers Ltd.

     435,467        366,792  

Solar Industries India Ltd.

     8,523        133,440  

SRF Ltd.

     17,678        613,212  

Sudarshan Chemical Industries

     25,186        125,030  

Supreme Industries Ltd.

     32,841        529,699  

Tata Chemicals Ltd.

     332,784        2,828,484  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2019

 

 

 

Investments    Shares      Value  

Thirumalai Chemicals Ltd.

     172,439      $ 219,796  

UPL Ltd.

     921,444        12,753,902  
     

 

 

 
Total Chemicals

 

     42,172,712  
Communications Equipment – 0.0%

 

Sterlite Technologies Ltd.

     148,565        468,481  
Construction & Engineering – 1.7%

 

Dilip Buildcon Ltd.(a)

     76,009        703,858  

Engineers India Ltd.

     405,246        686,184  

IRB Infrastructure Developers Ltd.

     1,137,707        2,378,879  

J Kumar Infraprojects Ltd.

     98,243        227,827  

Kalpataru Power Transmission Ltd.

     137,338        933,264  

KEC International Ltd.

     200,375        867,014  

KNR Constructions Ltd.

     169,269        638,592  

Larsen & Toubro Ltd.

     581,528        11,628,881  

NBCC India Ltd.

     713,497        682,856  

NCC Ltd.

     662,741        1,079,615  

Praj Industries Ltd.

     128,237        287,110  

Voltas Ltd.

     272,507        2,476,067  
     

 

 

 
Total Construction & Engineering

 

     22,590,147  
Construction Materials – 1.7%

 

ACC Ltd.

     71,377        1,716,860  

Ambuja Cements Ltd.

     1,174,383        3,988,918  

Century Textiles & Industries Ltd.

     56,046        754,912  

Grasim Industries Ltd.

     582,004        7,207,944  

HeidelbergCement India Ltd.

     99,681        261,235  

JK Cement Ltd.

     67,358        842,716  

JK Lakshmi Cement Ltd.

     74,846        375,067  

Prism Johnson Ltd.

     91,584        126,453  

Ramco Cements Ltd. (The)

     125,545        1,333,650  

Shree Cement Ltd.

     3,398        915,665  

UltraTech Cement Ltd.

     88,610        5,114,310  
     

 

 

 
Total Construction Materials

 

     22,637,730  
Consumer Finance – 2.3%

 

Bajaj Finance Ltd.

     176,245        7,696,011  

Bharat Financial Inclusion Ltd.*

     125,004        2,039,401  

Cholamandalam Investment and Finance Co., Ltd.

     75,178        1,576,161  

Magma Fincorp Ltd.

     433,909        737,849  

Mahindra & Mahindra Financial Services Ltd.

     479,873        2,917,683  

Manappuram Finance Ltd.

     1,779,483        3,218,610  

Muthoot Finance Ltd.

     456,389        4,055,620  

Shriram Transport Finance Co., Ltd.

     379,856        7,004,375  

Sundaram Finance Ltd.

     52,422        1,179,504  
     

 

 

 
Total Consumer Finance

 

     30,425,214  
Containers & Packaging – 0.0%

 

Nilkamal Ltd.

     6,204        128,034  

Uflex Ltd.

     146,514        482,000  
     

 

 

 
Total Containers & Packaging

 

     610,034  
Diversified Financial Services – 3.2%

 

Aditya Birla Capital Ltd.*

     795,760        1,116,534  

Bajaj Holdings & Investment Ltd.

     99,349        4,899,759  

Housing & Urban Development Corp. Ltd.

     1,147,491      743,737  

IDFC Ltd.

     2,263,090        1,520,705  

L&T Finance Holdings Ltd.

     1,016,183        2,237,730  

Power Finance Corp., Ltd.

     7,940,187        14,109,520  

REC Ltd.

     6,798,812        15,005,967  

Reliance Capital Ltd.

     704,016        2,078,257  
     

 

 

 
Total Diversified Financial Services

 

     41,712,209  
Diversified Telecommunication Services – 0.6%

 

Bharti Infratel Ltd.

     1,606,191        7,266,406  

Himachal Futuristic Communications Ltd.

     2,423,039        788,734  
     

 

 

 
Total Diversified Telecommunication Services

 

     8,055,140  
Electric Utilities – 2.3%

 

Adani Transmission Ltd.*

     872,599        2,738,405  

CESC Ltd.

     231,541        2,442,085  

Power Grid Corp. of India Ltd.

     5,724,672        16,353,845  

Reliance Infrastructure Ltd.

     661,731        1,308,656  

Tata Power Co., Ltd. (The)

     5,449,691        5,805,662  

Torrent Power Ltd.

     377,636        1,403,699  
     

 

 

 
Total Electric Utilities

 

     30,052,352  
Electrical Equipment – 0.6%

 

ABB India Ltd.

     39,010        741,063  

Amara Raja Batteries Ltd.

     58,421        607,148  

Finolex Cables Ltd.

     79,559        546,032  

Graphite India Ltd.

     107,451        693,177  

Havells India Ltd.

     276,448        3,082,730  

HEG Ltd.

     48,257        1,458,333  

KEI Industries Ltd.

     67,685        415,685  
     

 

 

 
Total Electrical Equipment

 

     7,544,168  
Electronic Equipment, Instruments & Components – 0.1%

 

Redington India Ltd.

     690,289        1,021,857  
Entertainment – 0.1%

 

Inox Leisure Ltd.*

     125,491        596,705  

PVR Ltd.

     17,534        416,792  
     

 

 

 
Total Entertainment

 

     1,013,497  
Food & Staples Retailing – 0.0%

 

Spencer’s Retail Ltd.*

     151,307        349,464  
Food Products – 0.9%

 

Avanti Feeds Ltd.

     126,936        749,064  

Balrampur Chini Mills Ltd.

     624,219        1,235,372  

Bombay Burmah Trading Co.

     8,924        167,376  

Britannia Industries Ltd.

     53,136        2,366,671  

GlaxoSmithKline Consumer Healthcare Ltd.

     6,501        680,064  

Kaveri Seed Co., Ltd.

     90,878        603,252  

KRBL Ltd.

     256,496        1,245,732  

LT Foods Ltd.

     250,554        141,779  

Manpasand Beverages Ltd.

     180,671        304,878  

McLeod Russel India Ltd.

     291,709        361,083  

Nestle India Ltd.

     18,932        2,995,492  

Tata Global Beverages Ltd.

     283,112        833,500  

Venky’s India Ltd.

     9,360        306,350  
     

 

 

 
Total Food Products

 

     11,990,613  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2019

 

 

 

Investments    Shares      Value  
Gas Utilities – 1.2%

 

Adani Gas Ltd.*

     1,483,735      $ 2,756,502  

GAIL India Ltd.

     1,393,395        6,992,620  

Gujarat Gas Ltd.

     199,645        426,812  

Gujarat State Petronet Ltd.

     695,524        1,914,636  

Indraprastha Gas Ltd.

     541,204        2,386,298  

Mahanagar Gas Ltd.

     55,967        852,371  
     

 

 

 
Total Gas Utilities

 

     15,329,239  
Health Care Providers & Services – 0.0%

 

Apollo Hospitals Enterprise Ltd.

     22,522        399,105  

Dr Lal PathLabs Ltd.(a)

     12,649        190,680  
     

 

 

 
Total Health Care Providers & Services

 

     589,785  
Health Care Technology – 0.0%

 

TAKE Solutions Ltd.

     129,764        279,758  
Hotels, Restaurants & Leisure – 0.1%

 

Coffee Day Enterprises Ltd.*(a)

     78,732        328,850  

EIH Ltd.

     143,620        426,973  

Indian Hotels Co., Ltd. (The)

     160,280        358,389  

Jubilant Foodworks Ltd.

     19,497        406,404  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     1,520,616  
Household Durables – 0.3%

 

Amber Enterprises India Ltd.*

     18,956        223,450  

Bajaj Electricals Ltd.

     17,629        142,025  

Crompton Greaves Consumer Electricals Ltd.

     430,482        1,411,844  

Symphony Ltd.

     25,703        511,945  

Whirlpool of India Ltd.

     46,247        1,011,459  
     

 

 

 
Total Household Durables

 

     3,300,723  
Household Products – 1.0%

 

Eveready Industries India Ltd.

     40,434        112,095  

Hindustan Unilever Ltd.

     549,585        13,540,695  

Jyothy Laboratories Ltd.

     80,204        211,871  
     

 

 

 
Total Household Products

 

     13,864,661  
Independent Power & Renewable Electricity Producers – 1.7%

 

JSW Energy Ltd.*

     730,281        765,332  

NHPC Ltd.

     11,035,715        3,934,784  

NLC India Ltd.

     1,065,195        1,067,117  

NTPC Ltd.

     7,977,098        15,510,865  

PTC India Ltd.

     1,420,165        1,505,754  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     22,783,852  
Industrial Conglomerates – 0.3%

 

Godrej Industries Ltd.

     136,287        1,055,277  

Nava Bharat Ventures Ltd.

     613,220        913,966  

Siemens Ltd.

     110,415        1,799,155  
     

 

 

 
Total Industrial Conglomerates

 

     3,768,398  
Insurance – 0.9%

 

Bajaj Finserv Ltd.

     59,158        6,009,351  

General Insurance Corp. of India(a)

     314,997        1,098,795  

HDFC Life Insurance Co., Ltd.(a)

     127,259        695,309  

ICICI Lombard General Insurance Co., Ltd.(a)

     60,084        896,208  

ICICI Prudential Life Insurance Co., Ltd.(a)

     235,209      1,189,202  

Max Financial Services Ltd.*

     147,453        926,330  

SBI Life Insurance Co., Ltd.(a)

     74,853        630,375  

TI Financial Holdings Ltd.

     131,202        921,208  
     

 

 

 
Total Insurance

 

     12,366,778  
Interactive Media & Services – 0.1%

 

Info Edge India Ltd.

     45,421        1,208,090  
IT Services – 15.2%

 

CESC Ventures Ltd.*

     50,436        452,810  

eClerx Services Ltd.

     52,738        873,688  

HCL Technologies Ltd.

     1,538,875        24,156,617  

Hexaware Technologies Ltd.

     253,003        1,261,089  

Infosys Ltd.

     8,985,687        96,485,071  

Larsen & Toubro Infotech Ltd.(a)

     18,740        460,581  

Mindtree Ltd.

     182,748        2,491,598  

Mphasis Ltd.

     169,909        2,430,845  

NIIT Technologies Ltd.

     84,284        1,613,106  

Persistent Systems Ltd.

     95,910        871,601  

Sonata Software Ltd.

     47,023        229,227  

Tata Consultancy Services Ltd.

     1,423,042        41,117,748  

Tech Mahindra Ltd.

     1,134,932        12,711,566  

Vakrangee Ltd.

     4,487,868        3,258,604  

Wipro Ltd.

     3,686,099        13,557,821  
     

 

 

 
Total IT Services

 

     201,971,972  
Life Sciences Tools & Services – 0.2%

 

Dishman Carbogen Amcis Ltd.*

     78,378        235,728  

Divi’s Laboratories Ltd.

     106,714        2,623,524  

Syngene International Ltd.(a)

     42,798        367,775  
     

 

 

 
Total Life Sciences Tools & Services

 

     3,227,027  
Machinery – 0.9%

 

Action Construction Equipment Ltd.

     76,119        125,922  

AIA Engineering Ltd.

     76,719        1,989,101  

Anveshan Heavy Engineering Ltd.*

     14,477        116,713  

Ashok Leyland Ltd.

     2,404,882        3,169,480  

BEML Ltd.

     39,481        577,070  

Carborundum Universal Ltd.

     61,221        362,642  

Cochin Shipyard Ltd.(a)

     178,094        1,006,736  

Cummins India Ltd.

     85,762        923,543  

Escorts Ltd.

     173,747        1,996,554  

Greaves Cotton Ltd.

     89,095        179,026  

Jain Irrigation Systems Ltd.

     882,406        750,252  

Thermax Ltd.

     27,877        390,942  
     

 

 

 
Total Machinery

 

     11,587,981  
Media – 0.5%

 

Sun TV Network Ltd.

     214,308        1,943,080  

TV Today Network Ltd.

     61,579        282,450  

Zee Entertainment Enterprises Ltd.

     750,888        4,828,879  
     

 

 

 
Total Media

 

     7,054,409  
Metals & Mining – 6.4%

 

APL Apollo Tubes Ltd.

     14,917        310,474  

Godawari Power and Ispat Ltd.*

     32,620        109,008  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2019

 

 

 

Investments    Shares      Value  

Hindalco Industries Ltd.

     4,589,255      $ 13,613,741  

Hindustan Copper Ltd.

     176,279        124,559  

Hindustan Zinc Ltd.

     960,568        3,838,805  

Jindal Saw Ltd.

     417,048        520,144  

Jindal Stainless Hisar Ltd.*

     496,059        671,318  

Jindal Stainless Ltd.*

     645,036        378,036  

JSW Steel Ltd.

     2,898,636        12,261,931  

Maithan Alloys Ltd.

     70,286        512,471  

National Aluminium Co., Ltd.

     1,998,323        1,599,524  

NMDC Ltd.

     3,522,523        5,311,115  

Prakash Industries Ltd.*

     326,467        422,015  

Ramkrishna Forgings Ltd.

     40,482        306,676  

Surya Roshni Ltd.

     66,625        242,649  

Tata Metaliks Ltd.

     30,210        283,283  

Tata Sponge Iron Ltd.

     19,579        214,910  

Tata Steel Ltd.

     2,434,912        18,312,366  

Tinplate Co. of India Ltd. (The)

     74,352        165,877  

Vedanta Ltd.

     9,227,381        24,568,609  

Welspun Corp., Ltd.

     174,821        343,712  
     

 

 

 
Total Metals & Mining

 

     84,111,223  
Multiline Retail – 0.0%

 

Shoppers Stop Ltd.

     32,949        224,329  

V-Mart Retail Ltd.

     3,537        137,561  
     

 

 

 
Total Multiline Retail

 

     361,890  
Oil, Gas & Consumable Fuels – 19.8%

 

Aegis Logistics Ltd.

     151,556        444,550  

Bharat Petroleum Corp., Ltd.

     4,155,218        23,845,643  

Chennai Petroleum Corp., Ltd.

     386,785        1,525,923  

Coal India Ltd.

     2,393,176        8,194,317  

Hindustan Petroleum Corp., Ltd.

     5,375,830        22,027,129  

Indian Oil Corp., Ltd.

     14,025,280        32,970,290  

Mangalore Refinery & Petrochemicals Ltd.

     1,650,762        1,770,503  

Oil & Natural Gas Corp., Ltd.

     13,173,189        30,377,726  

Oil India Ltd.

     1,529,322        4,094,013  

Petronet LNG Ltd.

     1,589,082        5,770,243  

Reliance Industries Ltd.

     6,674,331        131,342,934  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     262,363,271  
Paper & Forest Products – 0.1%

 

Century Plyboards India Ltd.

     166,612        500,979  

JK Paper Ltd.

     129,550        265,271  
     

 

 

 
Total Paper & Forest Products

 

     766,250  
Personal Products – 0.9%

 

Bajaj Corp., Ltd.*

     94,357        420,742  

Colgate-Palmolive India Ltd.

     78,576        1,427,072  

Dabur India Ltd.

     540,181        3,187,672  

Emami Ltd.

     20,475        118,224  

Godrej Consumer Products Ltd.

     413,703        4,096,720  

Marico Ltd.

     466,024        2,331,970  
     

 

 

 
Total Personal Products

 

     11,582,400  
Pharmaceuticals – 3.7%

 

Alembic Pharmaceuticals Ltd.

     69,861        542,349  

Alkem Laboratories Ltd.

     40,756        1,030,063  

Aurobindo Pharma Ltd.

     666,316      7,543,245  

Bliss Gvs Pharma Ltd.

     87,086        225,650  

Cadila Healthcare Ltd.

     471,709        2,363,141  

Cipla Ltd.

     413,704        3,158,543  

Dr. Reddy’s Laboratories Ltd.

     75,604        3,034,255  

Eris Lifesciences Ltd.*(a)

     20,542        191,231  

Glenmark Pharmaceuticals Ltd.

     220,809        2,062,903  

Granules India Ltd.

     213,300        352,395  

Indoco Remedies Ltd.

     32,223        94,099  

Ipca Laboratories Ltd.

     43,638        618,491  

Jubilant Life Sciences Ltd.

     157,586        1,512,280  

Lupin Ltd.

     42,728        456,177  

Natco Pharma Ltd.

     193,572        1,602,365  

Pfizer Ltd.

     4,749        228,007  

Piramal Enterprises Ltd.

     368,608        14,703,083  

Strides Pharma Science Ltd.

     315,143        2,149,023  

Sun Pharmaceutical Industries Ltd.

     677,963        4,686,288  

Suven Life Sciences Ltd.

     106,413        400,767  

Torrent Pharmaceuticals Ltd.

     60,994        1,716,681  
     

 

 

 
Total Pharmaceuticals

 

     48,671,036  
Professional Services – 0.1%

 

L&T Technology Services Ltd.(a)

     9,397        213,272  

Quess Corp., Ltd.*(a)

     39,311        423,753  

TeamLease Services Ltd.*

     5,792        253,005  
     

 

 

 
Total Professional Services

 

     890,030  
Real Estate Management & Development – 1.3%

 

Anant Raj Ltd.

     418,619        203,040  

Capacit’e Infraprojects Ltd.

     59,644        195,269  

DLF Ltd.

     2,354,235        6,880,041  

Godrej Properties Ltd.*

     45,110        529,501  

Indiabulls Real Estate Ltd.*

     3,715,970        4,945,686  

Kolte-Patil Developers Ltd.

     49,524        179,688  

Mahindra Lifespace Developers Ltd.

     59,817        311,238  

Oberoi Realty Ltd.

     138,948        1,059,635  

Phoenix Mills Ltd. (The)

     61,729        586,192  

Prestige Estates Projects Ltd.

     254,300        927,998  

Puravankara Ltd.

     209,602        223,142  

Sobha Ltd.

     119,977        894,697  

Sunteck Realty Ltd.

     40,694        270,951  
     

 

 

 
Total Real Estate Management & Development

 

     17,207,078  
Road & Rail – 0.2%

 

Container Corp. of India Ltd.

     321,286        2,436,255  

VRL Logistics Ltd.

     59,957        245,107  
     

 

 

 
Total Road & Rail

 

     2,681,362  
Software – 0.2%

 

Birlasoft Ltd.*

     414,348        590,046  

KPIT Technologies Ltd.*

     478,863        564,405  

Oracle Financial Services Software Ltd.

     32,334        1,581,250  

Tata Elxsi Ltd.

     25,094        348,871  
     

 

 

 
Total Software

 

     3,084,572  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Table of Contents

Schedule of Investments (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2019

 

 

 

Investments    Shares      Value  
Specialty Retail – 0.2%

 

Arvind Fashions Ltd.*

     78,175      $ 1,177,224  

PC Jeweller Ltd.

     1,036,789        1,230,228  

Shankara Building Products Ltd.

     7,438        44,037  
     

 

 

 
Total Specialty Retail

 

     2,451,489  
Textiles, Apparel & Luxury Goods – 0.8%

 

Arvind Ltd.

     320,521        420,807  

Indo Count Industries Ltd.

     352,308        247,671  

Page Industries Ltd.

     1,374        495,299  

Rajesh Exports Ltd.

     394,026        3,787,826  

Raymond Ltd.

     18,575        217,591  

Swan Energy Ltd.

     49,670        77,077  

Titan Co., Ltd.

     231,293        3,812,370  

Trident Ltd.

     648,826        671,538  

Vardhman Textiles Ltd.

     47,319        743,272  

Welspun India Ltd.

     812,899        699,956  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     11,173,407  
Thrifts & Mortgage Finance – 10.3%

 

Can Fin Homes Ltd.

     157,539        793,323  

Dewan Housing Finance Corp., Ltd.

     587,695        1,274,647  

GIC Housing Finance Ltd.

     121,535        473,070  

GRUH Finance Ltd.

     96,370        383,672  

Housing Development Finance Corp., Ltd.

     3,937,341        111,868,227  

Indiabulls Housing Finance Ltd.

     1,105,101        13,691,129  

LIC Housing Finance Ltd.

     960,276        7,377,248  

PNB Housing Finance Ltd.(a)

     52,885        660,156  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     136,521,472  
Tobacco – 1.3%

 

ITC Ltd.

     4,033,135        17,305,657  
Trading Companies & Distributors – 0.1%

 

Adani Enterprises Ltd.

     767,243        1,625,303  

MMTC Ltd.

     406,948        164,483  
     

 

 

 
Total Trading Companies & Distributors

 

     1,789,786  
Transportation Infrastructure – 0.8%

 

Adani Ports & Special Economic Zone Ltd.

     1,883,823        10,283,185  
Water Utilities – 0.1%

 

VA Tech Wabag Ltd.

     134,175        637,416  
Wireless Telecommunication Services – 0.2%

 

Bharti Airtel Ltd.

     407,457        1,959,205  

TOTAL INVESTMENTS IN SECURITIES – 100.5%

(Cost: $938,528,939)

 

 

     1,329,926,642  

Other Assets less Liabilities – (0.5)%

 

     (6,502,698
     

 

 

 
NET ASSETS – 100.0%

 

   $ 1,323,423,944  
* 

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 $564,405, which represents 0.04% 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.

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree Middle East Dividend Fund (GULF)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.5%      
Bahrain – 3.2%      

Ahli United Bank BSC

     730,761      $ 650,377  
Egypt – 3.3%

 

Alexandria Mineral Oils Co.

     58,993        20,288  

Commercial International Bank Egypt SAE

     44,382        174,532  

Eastern Tobacco

     176,018        184,854  

ElSewedy Electric Co.

     192,691        172,899  

Heliopolis Housing

     7,094        9,865  

Juhayna Food Industries

     6,544        5,090  

Orascom Development Egypt

     36,095        15,829  

Oriental Weavers

     70,847        47,872  

Sidi Kerir Petrochemicals Co.

     21,682        21,232  

Talaat Moustafa Group

     33,423        21,620  

Telecom Egypt Co.

     10,656        8,941  
     

 

 

 
Total Egypt

 

     683,022  
Jordan – 3.0%

 

Arab Bank PLC

     66,546        610,083  
Kuwait – 11.9%

 

Agility Public Warehousing Co. KSC

     33,409        94,371  

Boubyan Bank KSCP

     24,813        49,365  

Burgan Bank SAK

     38,623        45,342  

Gulf Bank KSCP

     128,178        131,086  

Humansoft Holding Co. KSC

     8,631        91,447  

Kuwait Finance House KSCP

     171,037        392,581  

Kuwait International Bank KSCP

     48,146        48,764  

Kuwait Projects Co. Holding KSCP

     40,809        29,523  

Mabanee Co. SAK

     15,445        29,407  

Mezzan Holding Co. KSCC

     4,952        7,865  

Mobile Telecommunications Co. KSC

     404,666        644,059  

National Bank of Kuwait SAKP

     269,305        797,023  

Qurain Petrochemical Industries Co.

     56,500        72,274  
     

 

 

 
Total Kuwait

 

     2,433,107  
Morocco – 2.9%

 

Attijariwafa Bank

     5,538        243,538  

Douja Promotion Groupe Addoha S.A.

     24,668        29,660  

Maroc Telecom

     16,179        240,231  

Societe d’Exploitation des Ports

     4,231        78,824  
     

 

 

 
Total Morocco

 

     592,253  
Oman – 1.2%

 

Bank Muscat SAOG

     242,530        253,239  
Qatar – 23.1%

 

Barwa Real Estate Co.

     25,960        261,329  

Commercial Bank PQSC (The)

     11,373        140,415  

Doha Bank QPSC

     36,239        212,512  

Industries Qatar QSC

     16,062        546,613  

Masraf Al Rayan QSC

     41,603        419,944  

Medicare Group

     1,854        33,762  

Ooredoo QPSC

     11,076        202,004  

Qatar Electricity & Water Co. QSC

     4,238        200,553  

Qatar Fuel QSC

     4,940        268,659  

Qatar Gas Transport Co., Ltd.

     31,095        177,649  

Qatar Insurance Co. SAQ

     11,539      115,652  

Qatar International Islamic Bank QSC

     5,729        115,249  

Qatar Islamic Bank SAQ

     8,895        370,508  

Qatar National Bank QPSC

     30,966        1,535,223  

United Development Co. QSC

     30,155        115,377  

Widam Food Co.

     607        10,704  
     

 

 

 
Total Qatar

 

     4,726,153  
Saudi Arabia – 27.3%

 

Advanced Petrochemical Co.

     5,267        78,225  

Al Rajhi Bank

     42,581        1,210,323  

Alawwal Bank*

     3,116        14,390  

Alinma Bank

     26,979        174,232  

Almarai Co. JSC

     3,547        52,112  

Arab National Bank

     6,148        40,655  

Bank Al-Jazira

     7,125        31,727  

Bank AlBilad

     8,814        69,330  

Banque Saudi Fransi

     16,920        166,703  

Bupa Arabia for Cooperative Insurance Co.

     384        8,509  

Dar Al Arkan Real Estate Development Co.

     25,910        74,338  

Jarir Marketing Co.

     2,897        122,049  

Kingdom Holding Co.

     10,310        24,192  

Mouwasat Medical Services Co.

     620        13,226  

National Commercial Bank

     34,621        506,804  

National Petrochemical Co.

     918        6,560  

Rabigh Refining & Petrochemical Co.

     1,156        6,171  

Riyad Bank

     50,307        323,008  

Sahara Petrochemical Co.

     18,566        81,584  

Samba Financial Group

     50,155        513,539  

Saudi Arabian Fertilizer Co.

     4,909        107,726  

Saudi Basic Industries Corp.

     26,571        877,115  

Saudi British Bank (The)

     7,730        77,705  

Saudi Electricity Co.

     30,448        133,959  

Saudi Industrial Investment Group

     8,624        56,568  

Saudi International Petrochemical Co.

     8,091        43,882  

Saudi Investment Bank (The)

     10,736        53,646  

Saudi Telecom Co.

     15,110        431,904  

Savola Group (The)

     8,256        69,124  

Yanbu National Petrochemical Co.

     11,190        223,182  
     

 

 

 
Total Saudi Arabia

 

     5,592,488  
United Arab Emirates – 22.6%

 

Abu Dhabi Commercial Bank PJSC

     249,677        644,398  

Air Arabia PJSC

     617,734        158,087  

Aldar Properties PJSC

     653,579        322,065  

Arabtec Holding PJSC

     27,672        16,047  

Aramex PJSC

     25,302        32,789  

DAMAC Properties Dubai Co. PJSC

     322,023        118,356  

Dana Gas PJSC

     357,022        90,395  

DP World PLC

     8,901        142,416  

Dubai Financial Market PJSC

     295,059        59,203  

Dubai Investments PJSC

     316,334        117,987  

Dubai Islamic Bank PJSC

     271,819        362,613  

Emaar Malls PJSC

     263,141        124,654  

Emaar Properties PJSC

     242,778        309,330  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Middle East Dividend Fund (GULF)

March 31, 2019

 

 

 

Investments    Shares      Value  

Emirates NBD PJSC

     28,148      $ 77,782  

Emirates Telecommunications Group Co. PJSC

     202,370        920,089  

First Abu Dhabi Bank PJSC

     220,865        917,590  

RAK Properties PJSC*

     305,275        35,405  

Union National Bank PJSC

     113,415        166,737  
     

 

 

 
Total United Arab Emirates

 

     4,615,943  

TOTAL INVESTMENTS IN SECURITIES – 98.5%

(Cost: $17,121,651)

        20,156,665  

Other Assets less Liabilities – 1.5%

        316,145  
     

 

 

 
NET ASSETS – 100.0%             $ 20,472,810  

 

* 

Non-income producing security.

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2019

 

 

 

      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

   $ 30,027,799      $ 143,691,407      $ 31,156,433      $ 296,704,754      $ 2,084,626,352  

Investment in affiliates, at cost (Note 3)

     1,758                             2,254,420  

Foreign currency, at cost

     9,648        35,547        48,168        126,915        1,430,186  

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

     33,553,255        144,619,726        34,606,536        306,338,182        2,193,604,201  

Investment in affiliates, at value (Note 3)

     2,056                             2,304,355  

Cash

     17,311        105,787        16,363        99,373        534,857  

Foreign currency, at value

     9,654        35,492        47,828        126,909        1,429,801  

Unrealized appreciation on foreign currency contracts

                                 8,885  

Receivables:

              

Capital shares sold

                                 8,744,388  

Dividends

     148,232        18,252        62,212        563,463        4,515,279  

Securities lending income

     45        13,203        1,659        8,350        136,188  

Total Assets

     33,730,553        144,792,460        34,734,598        307,136,277        2,211,277,954  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

                                 1,675  

Payables:

              

Cash collateral received for securities loaned (Note 2)

            1,057,470        307,985        1,845,375        28,284,557  

Investment securities purchased

                                 8,741,886  

Advisory fees (Note 3)

     13,668        35,790        8,980        82,031        1,158,110  

Service fees (Note 2)

     125        493        123        1,128        8,097  

Foreign capital gains tax

     13,844               3,164        23,763        77,849  

Total Liabilities

     27,637        1,093,753        320,252        1,952,297        38,272,174  

NET ASSETS

   $ 33,702,916      $ 143,698,707      $ 34,414,346      $ 305,183,980      $ 2,173,005,780  

NET ASSETS:

              

Paid-in capital

   $ 40,226,951      $ 167,837,565      $ 42,375,656      $ 308,382,208      $ 3,374,592,117  

Total distributable earnings (loss)

     (6,524,035      (24,138,858      (7,961,310      (3,198,228      (1,201,586,337

NET ASSETS

   $ 33,702,916      $ 143,698,707      $ 34,414,346      $ 305,183,980      $ 2,173,005,780  

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

     500,000        1,850,000        1,550,000        10,600,000        49,700,000  

Net asset value per share

   $ 67.41      $ 77.67      $ 22.20      $ 28.79      $ 43.72  

1 Includes market value of securities out on loan of:

   $ 82,124      $ 6,079,058      $ 655,926      $ 4,002,585      $ 115,479,838  

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

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2019

 

 

 

      WisdomTree
Emerging
Markets
Multifactor
Fund
     WisdomTree
Emerging
Markets Quality
Dividend
Growth Fund
    

WisdomTree
Emerging

Markets

SmallCap
Dividend Fund

     WisdomTree
Global ex-U.S.
Quality
Dividend
Growth Fund
     WisdomTree
Global ex-U.S.
Real Estate
Fund
 

ASSETS:

              

Investments, at cost

   $ 18,075,814      $ 60,476,353      $ 1,335,841,288      $ 68,481,269      $ 106,858,473  

Investment in affiliates, at cost (Note 3)

                          11,502         

Foreign currency, at cost

     35,770        39,057        1,069,413        7,217        16,810  

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

     18,790,626        69,338,230        1,430,324,503        72,913,579        116,830,191  

Investment in affiliates, at value (Note 3)

                          11,533         

Cash

     44,722        1,142        44,212        42,997        84,533  

Foreign currency, at value

     35,783        38,931        1,068,280        7,207        16,751  

Unrealized appreciation on foreign currency contracts

     21,603                              

Receivables:

              

Investment securities sold

     27,037                              

Capital shares sold

                          48         

Dividends

     70,576        133,639        4,758,981        263,415        261,334  

Securities lending income

            1,833        261,034        1,809        6,112  

Foreign tax reclaims

                   270        109,391        48,417  

Total Assets

     18,990,347        69,513,775        1,436,457,280        73,349,979        117,247,338  

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     17        2                       

Payables:

              

Cash collateral received for securities loaned (Note 2)

            202,825        10,706,585        982,785        3,046,250  

Investment securities purchased

     81,400                              

Advisory fees (Note 3)

     7,705        18,606        756,451        32,917        54,759  

Service fees (Note 2)

     71        256        5,284        249        415  

Foreign capital gains tax

     15,536        103,103        20,185        54,048         

Total Liabilities

     104,729        324,792        11,488,505        1,069,999        3,101,424  

NET ASSETS

   $ 18,885,618      $ 69,188,983      $ 1,424,968,775      $ 72,279,980      $ 114,145,914  

NET ASSETS:

              

Paid-in capital

   $ 18,738,953      $ 77,670,921      $ 1,725,109,130      $ 83,363,508      $ 118,023,138  

Total distributable earnings (loss)

     146,665        (8,481,938      (300,140,355      (11,083,528      (3,877,224

NET ASSETS

   $ 18,885,618      $ 69,188,983      $ 1,424,968,775      $ 72,279,980      $ 114,145,914  

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

     800,004        2,800,000        30,300,000        1,300,000        3,550,000  

Net asset value per share

   $ 23.61      $ 24.71      $ 47.03      $ 55.60      $ 32.15  

1 Includes market value of securities out on loan of:

          $ 439,964      $ 102,226,525      $ 3,869,120      $ 4,479,976  

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

  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2019

 

 

 

      WisdomTree
Global High
Dividend Fund
     WisdomTree
India Earnings
Fund

(consolidated)
     WisdomTree
Middle East
Dividend Fund
 

ASSETS:

        

Investments, at cost

   $ 89,450,684      $ 938,528,939      $ 17,121,651  

Investment in affiliates, at cost (Note 3)

     49,651                

Foreign currency, at cost

     20,220        2,558,467        44,302  

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

     93,225,380        1,329,926,642        20,156,665  

Investment in affiliates, at value (Note 3)

     50,731                

Cash

     12,691        1,562,980        16,656  

Foreign currency, at value

     20,273        2,549,120        44,309  

Unrealized appreciation on foreign currency contracts

     19                

Receivables:

        

Investment securities sold

                   9,404  

Dividends

     326,512        588,441        271,095  

Securities lending income

     1,601                

Foreign tax reclaims

     63,297                

Total Assets

     93,700,504        1,334,627,183        20,498,129  

LIABILITIES:

        

Payables:

        

Cash collateral received for securities loaned (Note 2)

     1,424,615                

Investment securities purchased

            1,937,032         

Advisory fees (Note 3)

     45,255        904,195        14,594  

Service fees (Note 2)

     344        4,793        72  

Closed foreign currency contracts

                   10,653  

Foreign capital gains tax

     2,961        8,357,219         

Total Liabilities

     1,473,175        11,203,239        25,319  

NET ASSETS

   $ 92,227,329      $ 1,323,423,944      $ 20,472,810  

NET ASSETS:

        

Paid-in capital

   $ 96,590,605      $ 1,148,247,637      $ 21,843,106  

Total distributable earnings (loss)

     (4,363,276      175,176,307        (1,370,296

NET ASSETS

   $ 92,227,329      $ 1,323,423,944      $ 20,472,810  

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

     2,000,000        50,400,000        1,000,000  

Net asset value per share

   $ 46.11      $ 26.26      $ 20.47  

1 Includes market value of securities out on loan of:

   $ 1,651,491                

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

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Table of Contents

Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2019

 

 

 

      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

   $ 1,759,260      $ 2,528,025      $ 1,235,659      $ 3,161,051      $ 98,009,233  

Dividends from affiliates (Note 3)

     17,111                             200,404  

Interest

     10               13        130         

Non-cash dividends

     9,739                      1,297         

Securities lending income (Note 2)

     1,775        219,842        39,065        58,588        1,219,272  

Total investment income

     1,787,895        2,747,867        1,274,737        3,221,066        99,428,909  

EXPENSES:

              

Advisory fees (Note 3)

     188,660        1,057,704        230,814        1,019,893        12,869,261  

Service fees (Note 2)

     1,729        7,387        1,612        7,737        89,881  

Total expenses

     190,389        1,065,091        232,426        1,027,630        12,959,142  

Expense waivers (Note 3)

     (131      (520,457      (113,575      (457,193      (8,763

Net expenses

     190,258        544,634        118,851        570,437        12,950,379  

Net investment income

     1,597,637        2,203,233        1,155,886        2,650,629        86,478,530  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions2

     (734,175      (21,042,819      (9,716,879      (11,861,498      (100,754,428

Investment transactions in affiliates (Note 3)

     (39,357                           (1,652,321

In-kind redemptions

     865,383        8,419,226        240,093        379,691        15,154,657  

Foreign currency contracts

     (18,542      (42,667      9,681        (113,760      481,139  

Foreign currency related transactions

     10,374        (11,397      (30,056      31,918        (1,178,493

Payment by sub-advisor (Note 3)

                          288         

Net realized gain (loss)

     83,683        (12,677,657      (9,497,161      (11,563,361      (87,949,446

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions3

     (1,256,642      (13,941,166      839,812        9,243,446        (73,174,785

Investment transactions in affiliates (Note 3)

     (1,039                           344,032  

Foreign currency contracts

     (27             (491      4,366        (9,426

Translation of assets and liabilities denominated in foreign currencies

     (390      (1,960      (915      (6,037      (3,740

Net increase (decrease) in unrealized appreciation/depreciation

     (1,258,098      (13,943,126      838,406        9,241,775        (72,843,919

Net realized and unrealized loss on investments

     (1,174,415      (26,620,783      (8,658,755      (2,321,586      (160,793,365

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 423,222      $ (24,417,550    $ (7,502,869    $ 329,043      $ (74,314,835

1 Net of foreign withholding tax of:

   $ 132,232      $ 130,705      $ 153,139      $ 493,994      $ 13,613,730  

2 Net of foreign capital gains tax withholding (credit) of:

                 $ (68           $ 19,198  

3 Includes net increase in accrued foreign capital gain taxes of:

   $ 13,844             $ 3,164      $ 23,763      $ 77,849  

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Table of Contents

Statements of Operations (continued)

WisdomTree Trust

For the Year or Period Ended March 31, 2019

 

 

 

      WisdomTree
Emerging
Markets
Multifactor
Fund1
     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
 

INVESTMENT INCOME:

              

Dividends2

   $ 168,314      $ 2,400,448      $ 60,488,457      $ 1,767,795      $ 4,347,053  

Dividends from affiliates (Note 3)

     185               334,183        17,670         

Interest

     4               9,568        6         

Non-cash dividends

                   6,841        33,321        49,551  

Securities lending income (Note 2)

            19,246        3,704,267        19,479        45,559  

Total investment income

     168,503        2,419,694        64,543,316        1,838,271        4,442,163  

EXPENSES:

              

Advisory fees (Note 3)

     33,004        468,072        9,154,487        395,277        598,553  

Service fees (Note 2)

     303        3,269        63,937        2,999        4,541  

Total expenses

     33,307        471,341        9,218,424        398,276        603,094  

Expense waivers (Note 3)

     (30      (230,321      (7,237      (227       

Net expenses

     33,277        241,020        9,211,187        398,049        603,094  

Net investment income

     135,226        2,178,674        55,332,129        1,440,222        3,839,069  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions3

     (317,174      (10,618,863      (55,561,741      (3,832,898      (3,109,292

Investment transactions in affiliates (Note 3)

     (4,203             (741,359      (50,013       

In-kind redemptions

            2,398,486        7,096,317        1,620,944        1,745,222  

Foreign currency contracts

     (292,785      (29,051      (262,715      (15,809      36,996  

Foreign currency related transactions

     17,063        (73,147      (281,393      5,183        (45,439

Net realized loss

     (597,099      (8,322,575      (49,750,891      (2,272,593      (1,372,513

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions4

     699,276        (144,669      (162,089,125      (2,207,499      3,115,673  

Investment transactions in affiliates (Note 3)

                   (3,025      125         

Foreign currency contracts

     21,586        (2      (763             (15

Translation of assets and liabilities denominated in foreign currencies

     (735      (1,217      (50,957      (4,697      (2,631

Net increase (decrease) in unrealized appreciation/depreciation

     720,127        (145,888      (162,143,870      (2,212,071      3,113,027  

Net realized and unrealized gain (loss) on investments

     123,028        (8,468,463      (211,894,761      (4,484,664      1,740,514  

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 258,254      $ (6,289,789    $ (156,562,632    $ (3,044,442    $ 5,579,583  

1 For the period August 10, 2018 (commencement of operations) through March 31, 2019.

  

2 Net of foreign withholding tax of:

   $ 22,164      $ 313,941      $ 8,806,134      $ 216,071      $ 454,658  

3 Net of foreign capital gains tax withholding (credit) of:

   $ 4,955      $ 117,868      $ 45,855      $ (10       

4 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 15,536      $ 89,845      $ (432    $ 51,875         

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Table of Contents

Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2019

 

 

 

      WisdomTree
Global High
Dividend Fund
     WisdomTree
India Earnings
Fund

(consolidated)
     WisdomTree
Middle East
Dividend Fund
 

INVESTMENT INCOME:

        

Dividends1

   $ 4,200,552      $ 29,327,920      $ 955,311  

Dividends from affiliates (Note 3)

     11,128                

Non-cash dividends

     126,401                

Securities lending income (Note 2)

     24,194                

Total investment income

     4,362,275        29,327,920        955,311  

EXPENSES:

        

Advisory fees (Note 3)

     568,785        12,274,486        157,471  

Service fees (Note 2)

     4,315        65,069        788  

Interest expense (Note 8)

            185,659         

Total expenses

     573,100        12,525,214        158,259  

Expense waivers (Note 3)

     (381              

Net expenses

     572,719        12,525,214        158,259  

Net investment income

     3,789,556        16,802,706        797,052  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

        

Net realized gain (loss) from:

        

Investment transactions2

     (945,012      29,612,630        (359,045

Investment transactions in affiliates (Note 3)

     (38,984              

In-kind redemptions

     1,429,776                

Foreign currency contracts

     2,160        1,067,496        (8,264

Foreign currency related transactions

     (13,136      (1,921,742      427  

Payment by sub-advisor (Note 3)

                   17,117  

Net realized gain (loss)

     434,804        28,758,384        (349,765

Net increase (decrease) in unrealized appreciation/depreciation:

        

Investment transactions3

     (1,192,335      (19,293,545      1,897,666  

Investment transactions in affiliates (Note 3)

     1,080                

Foreign currency contracts

     19               1  

Translation of assets and liabilities denominated in foreign currencies

     (2,905      (5,416      (49

Net increase (decrease) in unrealized appreciation/depreciation

     (1,194,141      (19,298,961      1,897,618  

Net realized and unrealized gain (loss) on investments

     (759,337      9,459,423        1,547,853  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 3,030,219      $ 26,262,129      $ 2,344,905  

1 Net of foreign withholding tax of:

   $ 231,798             $ 17,095  

2 Net of foreign capital gains tax credit of:

          $ (2       

3 Includes net increase (decrease) in accrued foreign capital gain taxes of:

   $ 2,961      $ (9,509,693       

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

    

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, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 1,597,637     $ 1,472,256     $ 2,203,233     $ 114,474     $ 1,155,886     $ 681,206  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    83,683       1,433,260       (12,677,657     (1,140,498     (9,497,161     2,745,372  

Net increase (decrease) in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies

    (1,258,098     2,463,176       (13,943,126     14,228,163       838,406       2,070,375  

Net increase (decrease) in net assets resulting from operations

    423,222       5,368,692       (24,417,550     13,202,139       (7,502,869     5,496,953  

DISTRIBUTIONS TO SHAREHOLDERS1:

           

Distributable earnings

    (1,626,373     (1,460,015     (2,142,539     (175,236     (1,229,361     (608,721

Tax return of capital

                (19,493                  

Total distributions to shareholders

    (1,626,373     (1,460,015     (2,162,032     (175,236     (1,229,361     (608,721

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

          6,764,109       31,032,707       194,324,594       7,530,704       24,219,358  

Cost of shares redeemed

    (10,144,864     (7,276,813     (76,681,994           (14,436,242     (3,837,105

Net increase (decrease) in net assets resulting from capital share transactions

    (10,144,864     (512,704     (45,649,287     194,324,594       (6,905,538     20,382,253  

Net Increase (Decrease) in Net Assets

    (11,348,015     3,395,973       (72,228,869     207,351,497       (15,637,768     25,270,485  

NET ASSETS:

           

Beginning of year

  $ 45,050,931     $ 41,654,958     $ 215,927,576     $ 8,576,079     $ 50,052,114     $ 24,781,629  

End of year2

  $ 33,702,916     $ 45,050,931     $ 143,698,707     $ 215,927,576     $ 34,414,346     $ 50,052,114  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    650,000       650,000       2,475,000       150,000       1,900,000       1,100,000  

Shares created

          100,000       450,000       2,325,000       350,000       950,000  

Shares redeemed

    (150,000     (100,000     (1,075,000           (700,000     (150,000

Shares outstanding, end of year

    500,000       650,000       1,850,000       2,475,000       1,550,000       1,900,000  

1 Amounts for the fiscal year or period ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year or period ended March 31, 2018 represents a distribution entirely from net investment income. See Note 9 in the Notes to Financial Statements for more information.

  

 

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed (distributions in excess of) net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

Undistributed(Distributions in excess of) net

    investmentincome included in the net assets

 

 

  $ 50,165       $ (31,293     $ 84,990  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     

WisdomTree

Emerging Markets

ex-State-Owned Enterprises Fund

    

WisdomTree

Emerging Markets

High Dividend Fund

    

WisdomTree
Emerging Markets

Multifactor Fund

 
      For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
    

For the Period
August 10, 2018*

through
March 31, 2019

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

   $ 2,650,629      $ 223,513      $ 86,478,530      $ 75,063,396      $ 135,226  

Net realized gain (loss) on investments, payments by sub-advisor, foreign currency contracts and foreign currency related transactions

     (11,563,361      613,059        (87,949,446      58,603,912        (597,099

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     9,241,775        148,826        (72,843,919      236,034,137        720,127  

Net increase (decrease) in net assets resulting from operations

     329,043        985,398        (74,314,835      369,701,445        258,254  

DISTRIBUTIONS TO SHAREHOLDERS1:

              

Distributable earnings

     (2,582,368      (125,650      (87,028,025      (74,635,924      (111,589

CAPITAL SHARE TRANSACTIONS:

              

Net proceeds from sale of shares

     227,609,647        104,725,354        222,013,442        283,093,631        18,738,853  

Cost of shares redeemed

     (12,948,803      (15,280,657      (169,841,137      (17,363,657       

Net increase in net assets resulting from capital share transactions

     214,660,844        89,444,697        52,172,305        265,729,974        18,738,853  

Net Increase (Decrease) in Net Assets

     212,407,519        90,304,445        (109,170,555      560,795,495        18,885,518  

NET ASSETS:

              

Beginning of period

   $ 92,776,461      $ 2,472,016      $ 2,282,176,335      $ 1,721,380,840      $ 100  

End of period2

   $ 305,183,980      $ 92,776,461      $ 2,173,005,780      $ 2,282,176,335      $ 18,885,618  

SHARES CREATED AND REDEEMED:

              

Shares outstanding, beginning of period

     2,900,000        100,000        48,200,000        42,300,000        4  

Shares created

     8,200,000        3,300,000        5,400,000        6,300,000        800,000  

Shares redeemed

     (500,000      (500,000      (3,900,000      (400,000       

Shares outstanding, end of period

     10,600,000        2,900,000        49,700,000        48,200,000        800,004  

*   Commencement of operations.

              

 

1 Amounts for the fiscal year or period ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year or period ended March 31, 2018 represents a distribution entirely from net investment income. See Note 9 in the Notes to Financial Statements for more information.

 

 

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed net investment income included in net assets for the current fiscal year or period ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

 

Undistributednet investment

    incomeincluded in the net assets

      $ 106,787         $ 4,535,652     

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

Emerging Markets Quality

Dividend Growth Fund

   

WisdomTree

Emerging Markets

SmallCap Dividend Fund

   

WisdomTree

Global ex-U.S. Quality

Dividend Growth Fund

 
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
   

For the

Year Ended
March 31, 2019

   

For the

Year Ended
March 31, 2018

    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 2,178,674     $ 1,361,181     $ 55,332,129     $ 40,436,205     $ 1,440,222     $ 1,304,331  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (8,322,575     2,933,521       (49,750,891     86,621,425       (2,272,593     5,766,997  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (145,888     6,026,385       (162,143,870     158,443,070       (2,212,071     2,773,077  

Net increase (decrease) in net assets resulting from operations

    (6,289,789     10,321,087       (156,562,632     285,500,700       (3,044,442     9,844,405  

DISTRIBUTIONS TO SHAREHOLDERS1:

           

Distributable earnings

    (2,036,219     (1,254,486     (58,272,794     (39,444,335     (1,532,940     (1,055,807

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    20,285,323       23,204,036       56,606,185       390,446,108       17,216,657       12,021,088  

Cost of shares redeemed

    (18,212,318     (5,194,843     (159,906,299           (11,200,399      

Net increase (decrease) in net assets resulting from capital share transactions

    2,073,005       18,009,193       (103,300,114     390,446,108       6,016,258       12,021,088  

Net Increase (Decrease) in Net Assets

    (6,253,003     27,075,794       (318,135,540     636,502,473       1,438,876       20,809,686  

NET ASSETS:

           

Beginning of year

  $ 75,441,986     $ 48,366,192     $ 1,743,104,315     $ 1,106,601,842     $ 70,841,104     $ 50,031,418  

End of year2

  $ 69,188,983     $ 75,441,986     $ 1,424,968,775     $ 1,743,104,315     $ 72,279,980     $ 70,841,104  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    2,800,000       2,100,000       32,600,000       24,800,000       1,200,000       1,000,000  

Shares created

    800,000       900,000       1,200,000       7,800,000       300,000       200,000  

Shares redeemed

    (800,000     (200,000     (3,500,000           (200,000      

Shares outstanding, end of year

    2,800,000       2,800,000       30,300,000       32,600,000       1,300,000       1,200,000  

1 Amounts for the fiscal year or period ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year or period ended March 31, 2018 represents a distribution entirely from net investment income. See Note 9 in the Notes to Financial Statements for more information.

  

 

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

 

Undistributednet investment

    incomeincluded in the net assets

    $ 88,866       $ 3,677,294       $ 253,241  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

    

WisdomTree

Global ex-U.S. Real Estate Fund

   

WisdomTree

Global High Dividend Fund

   

WisdomTree

India Earnings Fund

(consolidated)

 
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

     

Net investment income

  $ 3,839,069     $ 3,192,261     $ 3,789,556     $ 3,365,276     $ 16,802,706     $ 15,714,555  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

    (1,372,513     8,106,097       434,804       3,241,181       28,758,384       67,494,908  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    3,113,027       5,139,781       (1,194,141     (555,442     (19,298,961     52,787,776  

Net increase in net assets resulting from operations

    5,579,583       16,438,139       3,030,219       6,051,015       26,262,129       135,997,239  

DISTRIBUTIONS TO SHAREHOLDERS1:

           

Distributable earnings

    (4,157,515     (6,147,290     (3,977,862     (3,155,342     (18,968,260     (14,626,040

Tax return of capital

                            (609,812      

Total distributions to shareholders

    (4,157,515     (6,147,290     (3,977,862     (3,155,342     (19,578,072     (14,626,040

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    14,383,629       24,385,279             11,952,469       236,716,827       123,976,585  

Cost of shares redeemed

    (8,988,290     (10,408,019     (11,182,914           (591,544,150     (138,386,249

Net increase (decrease) in net assets resulting from capital share transactions

    5,395,339       13,977,260       (11,182,914     11,952,469       (354,827,323     (14,409,664

Net Increase (Decrease) in Net Assets

    6,817,407       24,268,109       (12,130,557     14,848,142       (348,143,266     106,961,535  

NET ASSETS:

           

Beginning of year

  $ 107,328,507     $ 83,060,398     $ 104,357,886     $ 89,509,744     $ 1,671,567,210     $ 1,564,605,675  

End of year2

  $ 114,145,914     $ 107,328,507     $ 92,227,329     $ 104,357,886     $ 1,323,423,944     $ 1,671,567,210  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    3,350,000       2,950,000       2,250,000       2,000,000       64,600,000       65,000,000  

Shares created

    500,000       750,000             250,000       9,400,000       4,800,000  

Shares redeemed

    (300,000     (350,000     (250,000           (23,600,000     (5,200,000

Shares outstanding, end of year

    3,550,000       3,350,000       2,000,000       2,250,000       50,400,000       64,600,000  

1 Amounts for the fiscal year or period ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year or period ended March 31, 2018 represents a distribution entirely from net investment income. See Note 9 in the Notes to Financial Statements for more information.

  

 

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed (distributions in excess of) net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

 

Undistributed(Distributions in excess of) net

    investmentincome included in the net assets

 

 

  $ (3,052,046     $ 289,167       $ 3,644,786  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     

WisdomTree

Middle East Dividend Fund

 
      For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 797,052      $ 539,037  

Net realized loss on investments, payments by sub-advisor, foreign currency contracts and foreign currency related transactions

     (349,765      (824,113

Net increase in unrealized appreciation/depreciation on investments and translation of assets and liabilities denominated in foreign currencies

     1,897,618        1,725,152  

Net increase in net assets resulting from operations

     2,344,905        1,440,076  

DISTRIBUTIONS TO SHAREHOLDERS1:

 

Distributable earnings

     (738,425      (417,266

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     5,736,903         

Cost of shares redeemed

     (1,894,772      (3,600,006

Net increase (decrease) in net assets resulting from capital share transactions

     3,842,131        (3,600,006

Net Increase (Decrease) in Net Assets

     5,448,611        (2,577,196

NET ASSETS:

 

Beginning of year

   $ 15,024,199      $ 17,601,395  

End of year2

   $ 20,472,810      $ 15,024,199  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     800,000        1,000,000  

Shares created

     300,000         

Shares redeemed

     (100,000      (200,000

Shares outstanding, end of year

     1,000,000        800,000  

1 Amounts for the fiscal year or period ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year or period ended March 31, 2018 represents a distribution entirely from net investment income. See Note 9 in the Notes to Financial Statements for more information.

  

 

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 was $183,670.

 

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Table of Contents

Financial Highlights

WisdomTree Trust

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, 2019
    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
 

Net asset value, beginning of year

   $ 69.31     $ 64.08     $ 57.08     $ 67.20     $ 65.72  

Investment operations:

          

Net investment income1

     2.71       2.21       1.90       2.14       2.29  

Net realized and unrealized gain (loss)

     (1.73     5.23       7.03       (10.20     1.46  

Total from investment operations

     0.98       7.44       8.93       (8.06     3.75  

Dividends to shareholders:

          

Net investment income

     (2.88     (2.21     (1.93     (2.06     (2.27

Net asset value, end of year

   $ 67.41     $ 69.31     $ 64.08     $ 57.08     $ 67.20  

TOTAL RETURN2

     1.55     11.75     15.96     (12.06 )%3      5.71

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 33,703     $ 45,051     $ 41,655     $ 45,665     $ 47,037  

Ratios to average net assets4 of:

          

Expenses

     0.48 %5      0.48 %5      0.48     0.48 %5      0.49 %5,6 

Net investment income

     4.06     3.24     3.19     3.59     3.36

Portfolio turnover rate7

     21     26     27     24     17

 

           
WisdomTree China ex-State-Owned
Enterprises Fund
   For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2017
    For the
Year Ended
March 31, 20168
    For the
Year Ended
March 31, 2015
 

Net asset value, beginning of year

   $ 87.24     $ 57.17     $ 46.75     $ 55.28     $ 49.70  

Investment operations:

          

Net investment income1

     0.98       0.12       0.64       1.25       1.33  

Net realized and unrealized gain (loss)

     (9.64     30.56       10.45       (8.59     5.48  

Total from investment operations

     (8.66     30.68       11.09       (7.34     6.81  

Dividends and distributions to shareholders:

          

Net investment income

     (0.90     (0.61     (0.67     (1.19     (1.23

Tax return of capital

     (0.01                        

Total dividends and distributions to shareholders

     (0.91     (0.61     (0.67     (1.19     (1.23

Net asset value, end of year

   $ 77.67     $ 87.24     $ 57.17     $ 46.75     $ 55.28  

TOTAL RETURN2

     (9.91 )%      53.95     23.94     (13.40 )%      13.86

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 143,699     $ 215,928     $ 8,576     $ 9,351     $ 16,585  

Ratios to average net assets of:

          

Expenses, net of expense waivers

     0.32 %9      0.33 %9,10      0.53 %10      0.57 %10      0.64 %11 

Expenses, prior to expense waivers

     0.63     0.63     0.63     0.63     0.64 %11 

Net investment income

     1.31     0.14     1.29     2.42     2.53

Portfolio turnover rate7

     35     20     37     143     30
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 

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 

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 

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.

 

9 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2019, 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%.

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

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, 2019
    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
 

Net asset value, beginning of year

   $ 26.34     $ 22.53     $ 20.60     $ 24.89     $ 24.56  

Investment operations:

          

Net investment income1

     0.71       0.49       0.45       0.52       0.48  

Net realized and unrealized gain (loss)

     (4.08     3.77       2.01       (4.28     0.32  

Total from investment operations

     (3.37     4.26       2.46       (3.76     0.80  

Dividends to shareholders:

          

Net investment income

     (0.77     (0.45     (0.53     (0.53     (0.47

Net asset value, end of year

   $ 22.20     $ 26.34     $ 22.53     $ 20.60     $ 24.89  

TOTAL RETURN2

     (12.66 )%      19.05     12.17     (15.21 )%      3.24

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 34,414     $ 50,052     $ 24,782     $ 12,357     $ 19,912  

Ratios to average net assets of:

          

Expenses, net of expense waivers

     0.32 %3      0.38 %3      0.63     0.63     0.64 %4 

Expenses, prior to expense waivers

     0.63     0.63     0.63     0.63     0.64 %4 

Net investment income

     3.15     1.93     2.12     2.39     1.88

Portfolio turnover rate5

     88     63     72     49     41

 

           
WisdomTree Emerging Markets ex-State-Owned
Enterprises Fund
  For the
Year Ended
March 31, 2019
    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

  $ 31.99     $ 24.72     $ 21.48     $ 25.17     $ 24.59  

Investment operations:

         

Net investment income1

    0.42       0.28       0.30       0.35       0.07  

Net realized and unrealized gain (loss)

    (3.20     7.20       3.25       (3.24     0.56  

Total from investment operations

    (2.78     7.48       3.55       (2.89     0.63  

Dividends to shareholders:

         

Net investment income

    (0.42     (0.21     (0.31     (0.80     (0.05

Net asset value, end of period

  $ 28.79     $ 31.99     $ 24.72     $ 21.48     $ 25.17  

TOTAL RETURN2

    (8.64 )%6      30.30     16.68     (11.69 )%      2.57

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of period (000’s omitted)

  $ 305,184     $ 92,776     $ 2,472     $ 2,148     $ 10,069  

Ratios to average net assets of:

         

Expenses, net of expense waivers

    0.32 %3      0.33 %3      0.58     0.58     0.58 %7 

Expenses, prior to expense waivers

    0.58     0.58     0.58     0.58     0.58 %7 

Net investment income

    1.51     0.92     1.33     1.48     0.88 %7 

Portfolio turnover rate5

    24     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, 2019, 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 

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 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged (Note 3).

 

7 

Annualized.

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets High
Dividend Fund
   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

   $ 47.35     $ 40.69     $ 35.05     $ 42.68     $ 49.23  

Investment operations:

          

Net investment income1

     1.84       1.67       1.42       1.76       2.16  

Net realized and unrealized gain (loss)

     (3.57     6.65       5.58       (7.74     (6.57

Total from investment operations

     (1.73     8.32       7.00       (5.98     (4.41

Dividends to shareholders:

          

Net investment income

     (1.90     (1.66     (1.36     (1.65     (2.14

Net asset value, end of year

   $ 43.72     $ 47.35     $ 40.69     $ 35.05     $ 42.68  

TOTAL RETURN2

     (3.51 )%      20.98     20.44     (14.07 )%      (9.40 )% 

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 2,173,006     $ 2,282,176     $ 1,721,381     $ 1,321,221     $ 2,159,557  

Ratios to average net assets3 of:

          

Expenses4

     0.63     0.63     0.63     0.63     0.64 %5 

Net investment income

     4.23     3.81     3.81     4.64     4.45

Portfolio turnover rate6

     44     41     41     43     39

 

   
WisdomTree Emerging Markets Multifactor Fund    For the Period
August 10, 2018*
through
March 31, 2019
 

Net asset value, beginning of period

   $ 24.68  

Investment operations:

  

Net investment income1

     0.29  

Net realized and unrealized loss

     (1.16

Total from investment operations

     (0.87

Dividends to shareholders:

  

Net investment income

     (0.20

Net asset value, end of period

   $ 23.61  

TOTAL RETURN2

     (3.52 )% 

RATIOS/SUPPLEMENTAL DATA:

  

Net assets, end of period (000’s omitted)

   $ 18,886  

Ratios to average net assets of:

  

Expenses4

     0.48 %7 

Net investment income

     1.97 %7 

Portfolio turnover rate6

     133
*

Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the periods in which the investment advisor waived advisory fees, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

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 

Annualized.

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Emerging Markets Quality
Dividend Growth Fund
   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

   $ 26.94     $ 23.03     $ 21.11     $ 24.08     $ 24.92  

Investment operations:

          

Net investment income1

     0.71       0.56       0.63       0.55       0.61  

Net realized and unrealized gain (loss)

     (2.30     3.87       1.96       (2.94     (0.87

Total from investment operations

     (1.59     4.43       2.59       (2.39     (0.26

Dividends to shareholders:

          

Net investment income

     (0.64     (0.52     (0.67     (0.58     (0.58

Net asset value, end of year

   $ 24.71     $ 26.94     $ 23.03     $ 21.11     $ 24.08  

TOTAL RETURN2

     (5.79 )%      19.44     12.45     (9.89 )%3      (1.19 )% 

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 69,189     $ 75,442     $ 48,366     $ 31,667     $ 40,944  

Ratios to average net assets of:

          

Expenses, net of expense waivers

     0.32 %4      0.39 %4      0.63     0.63     0.64 %5 

Expenses, prior to expense waivers

     0.63     0.63     0.63     0.63     0.64 %5 

Net investment income

     2.93     2.17     2.88     2.59     2.42

Portfolio turnover rate6

     81     62     49     62     47

 

           
WisdomTree Emerging Markets SmallCap
Dividend Fund
   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

   $ 53.47     $ 44.62     $ 37.90     $ 44.46     $ 46.40  

Investment operations:

          

Net investment income1

     1.79       1.42       1.35       1.24       1.32  

Net realized and unrealized gain (loss)

     (6.35     8.89       6.71       (6.65     (1.97

Total from investment operations

     (4.56     10.31       8.06       (5.41     (0.65

Dividends to shareholders:

          

Net investment income

     (1.88     (1.46     (1.34     (1.15     (1.29

Net asset value, end of year

   $ 47.03     $ 53.47     $ 44.62     $ 37.90     $ 44.46  

TOTAL RETURN2

     (8.40 )%      23.55     21.76     (12.20 )%      (1.51 )% 

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 1,424,969     $ 1,743,104     $ 1,106,602     $ 894,468     $ 1,413,669  

Ratios to average net assets7 of:

          

Expenses8

     0.63     0.63     0.63     0.63     0.64 %5 

Net investment income

     3.81     2.88     3.36     3.13     2.84

Portfolio turnover rate6

     40     48     47     52     42
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 

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 

Effective June 30, 2017, the investment advisor contractually agreed to limit the advisory fee to 0.32% through July 31, 2019, unless earlier terminated by the Board of Trustees of the Trust.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.63%.

 

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 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

8 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global ex-U.S. Quality Dividend
Growth Fund
   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

   $ 59.03     $ 50.03     $ 47.16     $ 50.80     $ 51.68  

Investment operations:

          

Net investment income1

     1.17       1.24       1.14       1.02       1.05  

Net realized and unrealized gain (loss)

     (3.34     8.79       2.94       (3.75     (0.91

Total from investment operations

     (2.17     10.03       4.08       (2.73     0.14  

Dividends to shareholders:

          

Net investment income

     (1.26     (1.03     (1.21     (0.91     (1.02

Net asset value, end of year

   $ 55.60     $ 59.03     $ 50.03     $ 47.16     $ 50.80  

TOTAL RETURN2

     (3.65 )%      20.18     8.80     (5.42 )%      0.24

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 72,280     $ 70,841     $ 50,031     $ 66,026     $ 86,353  

Ratios to average net assets3 of:

          

Expenses

     0.58 %4      0.58 %4      0.58     0.58 %4,5      0.59 %4,6 

Net investment income

     2.11     2.20     2.39     2.15     2.05

Portfolio turnover rate7

     60     67     66     61     64

 

           
WisdomTree Global ex-U.S. Real Estate Fund    For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

   $ 32.04     $ 28.16     $ 27.26     $ 29.65     $ 27.77  

Investment operations:

          

Net investment income1

     1.12       1.11       1.06       0.89       1.54  

Net realized and unrealized gain (loss)

     0.24       4.92       1.35       (2.08     1.75  

Total from investment operations

     1.36       6.03       2.41       (1.19     3.29  

Dividends to shareholders:

          

Net investment income

     (1.25     (2.15     (1.51     (1.20     (1.41

Net asset value, end of year

   $ 32.15     $ 32.04     $ 28.16     $ 27.26     $ 29.65  

TOTAL RETURN2

     4.51     21.90     9.33 %8      (3.89 )%      12.08

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 114,146     $ 107,329     $ 83,060     $ 94,044     $ 121,560  

Ratios to average net assets3 of:

          

Expenses

     0.58     0.58     0.58     0.58 %5      0.59 %4,6 

Net investment income

     3.72     3.56     3.86     3.22     5.21

Portfolio turnover rate7

     17     23     19     32     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. 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 

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 year. Excluding this voluntary reimbursement, total return would have been unchanged.

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Global High Dividend Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 46.38     $ 44.75     $ 40.84     $ 44.23     $ 47.51  

Investment operations:

         

Net investment income1

    1.77       1.59       1.46       1.76       1.83  

Net realized and unrealized gain (loss)

    (0.18     1.54       3.97       (3.43     (3.28

Total from investment operations

    1.59       3.13       5.43       (1.67     (1.45

Dividends to shareholders:

         

Net investment income

    (1.86     (1.50     (1.52     (1.72     (1.83

Net asset value, end of year

  $ 46.11     $ 46.38     $ 44.75     $ 40.84     $ 44.23  

TOTAL RETURN2

    3.59     7.02     13.54     (3.77 )%      (3.23 )% 

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of year (000’s omitted)

  $ 92,227     $ 104,358     $ 89,510     $ 73,511     $ 101,718  

Ratios to average net assets3 of:

         

Expenses

    0.58 %4      0.58 %4      0.58     0.58 %4,5      0.59 %4,6 

Net investment income

    3.86     3.41     3.42     4.19     3.91

Portfolio turnover rate7

    19     21     21     56     30

 

           
WisdomTree India Earnings Fund (consolidated)   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 25.88     $ 24.07     $ 19.42     $ 22.64     $ 18.93  

Investment operations:

         

Net investment income1

    0.28       0.24       0.23       0.26       0.22  

Net realized and unrealized gain (loss)

    0.45       1.79       4.70       (3.26     3.65  

Total from investment operations

    0.73       2.03       4.93       (3.00     3.87  

Dividends and distributions to shareholders:

         

Net investment income

    (0.34     (0.22     (0.28     (0.22     (0.16

Tax return of capital

    (0.01                        

Total dividends and distributions to shareholders

    (0.35     (0.22     (0.28     (0.22     (0.16

Net asset value, end of year

  $ 26.26     $ 25.88     $ 24.07     $ 19.42     $ 22.64  

TOTAL RETURN2

    2.89     8.46     25.56     (13.31 )%8      20.44

RATIOS/SUPPLEMENTAL DATA:

         

Net assets, end of year (000’s omitted)

  $ 1,323,424     $ 1,671,567     $ 1,564,606     $ 1,475,616     $ 2,372,406  

Ratios to average net assets of:

         

Expenses9

    0.85     0.84     0.84     0.84     0.84 %10 

Net investment income

    1.14     0.91     1.09     1.28     0.99

Portfolio turnover rate7

    37     22     30     38     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. For the periods in which the investment advisor waived advisory fees for the WisdomTree Global High Dividend Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

4 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, the expense ratio would have been unchanged.

 

5 

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 

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 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.

 

9 

Includes interest expense of 0.01%, 0.01%, 0.01%, 0.01% and 0.01% for the fiscal years ended 2019, 2018, 2017, 2016 and 2015, respectively.

 

10 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been unchanged.

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Middle East Dividend Fund    For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

   $ 18.78     $ 17.60     $ 17.28     $ 20.25     $ 22.38  

Investment operations:

          

Net investment income1

     0.86       0.58       0.59       0.58       0.67  

Net realized and unrealized gain (loss)

     1.59       1.06       0.50       (2.85     (2.06

Total from investment operations

     2.45       1.64       1.09       (2.27     (1.39

Dividends to shareholders:

          

Net investment income

     (0.76     (0.46     (0.77     (0.70     (0.74

Net asset value, end of year

   $ 20.47     $ 18.78     $ 17.60     $ 17.28     $ 20.25  

TOTAL RETURN2

     13.41 %3      9.49 %4      6.60     (11.57 )%      (6.28 )% 

RATIOS/SUPPLEMENTAL DATA:

          

Net assets, end of year (000’s omitted)

   $ 20,473     $ 15,024     $ 17,601     $ 20,731     $ 34,420  

Ratios to average net assets of:

          

Expenses

     0.88     0.88     0.88     0.88     0.89 %5 

Net investment income

     4.45     3.28     3.44     3.13     2.93

Portfolio turnover rate6

     30     46     29     25     89
1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period.

 

3 

Includes a voluntary reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been 0.05% lower (Note 3).

 

4 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

5 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.88%.

 

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.

 

98   WisdomTree Trust


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, 2019, the Trust consisted of 76 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 Multifactor Fund (“Emerging Markets Multifactor Fund’’)

     August 10, 2018  

WisdomTree Emerging Markets Quality Dividend Growth Fund (“Emerging Markets Quality Dividend Growth Fund’’)

     August 1, 2013  

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund’’)

     October 30, 2007  

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (“Global ex-U.S. Quality Dividend Growth Fund’’)

     June 16, 2006  

WisdomTree Global ex-U.S. Real Estate Fund (“Global ex-U.S. Real Estate Fund’’)

     June 5, 2007  

WisdomTree Global High Dividend Fund (“Global High Dividend Fund’’)

     June 16, 2006  

WisdomTree 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 Mellon Investments Corporation (“Mellon”).

Each Fund, except for the Emerging Markets Consumer Growth Fund, Emerging Markets Multifactor Fund and Emerging Markets Quality Dividend Growth Fund, seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). The Emerging Markets Consumer Growth Fund and Emerging Markets Quality Dividend Growth Fund are actively managed using a model-based approach seeking income and capital appreciation. The Emerging Markets Multifactor Fund is actively managed using a model-based approach seeking capital appreciation. 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 as defined under the 1940 Act. The securities in each Index are weighted based on earnings or earnings yield.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities 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.

 

WisdomTree Trust      99  


Table of Contents

Notes to Financial Statements (continued)

 

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.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last 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.

 

100   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or prices obtained from independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value.

 

 

The following is a summary of the fair valuations according to the inputs used as of March 31, 2019 in valuing each Fund’s assets:

 

       
Asia Pacific ex-Japan Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 33,553,255      $      $  

Exchange-Traded Fund

     2,056                

Total

   $ 33,555,311      $      $  
        
       
China ex-State-Owned Enterprises Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Machinery

   $ 2,163,535      $      $ 397,087 ** 

Semiconductors & Semiconductor Equipment

     1,172,399               0 ** 

Other*

     139,829,235                

Investment of Cash Collateral for Securities Loaned

            1,057,470         

Total

   $ 143,165,169      $ 1,057,470      $ 397,087  
        
       
Emerging Markets Consumer Growth Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Indonesia

   $ 612,929      $      $ 3,178 ** 

Other*

     33,682,444                

Investment of Cash Collateral for Securities Loaned

            307,985         

Total

   $ 34,295,373      $ 307,985      $ 3,178  
        

 

WisdomTree Trust      101  


Table of Contents

Notes to Financial Statements (continued)

 

       
Emerging Markets ex-State-Owned Enterprises Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 110,136,817      $      $ 165,494 ** 

South Korea

     42,413,399               5,395 ** 

Other*

     151,771,702                

Investment of Cash Collateral for Securities Loaned

            1,845,375         

Total

   $ 304,321,918      $ 1,845,375      $ 170,889  
        
       
Emerging Markets High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,165,319,644      $      $  

Exchange-Traded Fund

     2,304,355                

Investment of Cash Collateral for Securities Loaned

            28,284,557         

Total

   $ 2,167,623,999      $ 28,284,557      $  

Unrealized Appreciation on Foreign Currency Contracts

            8,885         

Unrealized Depreciation on Foreign Currency Contracts

            (1,675       

Total - Net

   $ 2,167,623,999      $ 28,291,767      $  
        
       
Emerging Markets Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 18,790,626      $      $  

Total

   $ 18,790,626      $      $  

Unrealized Appreciation on Foreign Currency Contracts

            21,603         

Unrealized Depreciation on Foreign Currency Contracts

            (17       

Total - Net

   $ 18,790,626      $ 21,586      $  
        
       
Emerging Markets Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 69,135,405      $      $  

Investment of Cash Collateral for Securities Loaned

            202,825         

Total

   $ 69,135,405      $ 202,825      $  

Unrealized Depreciation on Foreign Currency Contracts

            (2       

Total - Net

   $ 69,135,405      $ 202,823      $  
        
       
Emerging Markets SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 340,338,087      $      $ 1 ** 

Hong Kong

     16,452,814               299,773 ** 

India

     46,828,988               127,326 ** 

South Korea

     110,217,048        505,393        497,644 ** 

Thailand

     84,353,234               0 ** 

Other*

     819,997,610                

Investment of Cash Collateral for Securities Loaned

            10,706,585         

Total

   $ 1,418,187,781      $ 11,211,978      $ 924,744  
        
       
Global ex-U.S. Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 71,930,794      $      $  

Exchange-Traded Funds

     11,533                

Investment of Cash Collateral for Securities Loaned

            982,785         

Total

   $ 71,942,327      $ 982,785      $  

 

102   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

       
Global ex-U.S. Real Estate Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 113,783,941      $      $  

Investment of Cash Collateral for Securities Loaned

            3,046,250         

Total

   $ 113,783,941      $ 3,046,250      $  
        
       
Global High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 91,800,765      $      $  

Exchange-Traded Funds

     50,731                

Investment of Cash Collateral for Securities Loaned

            1,424,615         

Total

   $ 91,851,496      $ 1,424,615      $  

Unrealized Appreciation on Foreign Currency Contracts

            19         

Total - Net

   $ 91,851,496      $ 1,424,634      $  
        
       
India Earnings Fund (consolidated)    Level 1      Level 2      Level 3  

Common Stocks

                          

Software

   $ 2,520,167      $      $ 564,405 ** 

Other*

     1,326,842,070                

Total

   $ 1,329,362,237      $      $ 564,405  
        
       
Middle East Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Jordan

   $      $ 610,083      $  

Other*

     19,546,582                

Total

   $ 19,546,582      $ 610,083      $  
  *

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 following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

 

   
     Common Stocks  
      China  

China ex-State-Owned Enterprises Fund

  

Balance as of March 31, 2018

   $ 1,776,923  

Realized gain (loss)

     (1,387,417

Change in unrealized appreciation (depreciation)

     (770

Purchases

     417,002  

Sales

     (1,131,304

Transfers into Level 3

     722,653  

Transfers out of Level 3

      

Balance as of March 31, 2019

   $ 397,087  

Net change in unrealized appreciation (depreciation) from investments still held as of March 31, 2019 is:

   $ (185,627

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 or period ended March 31, 2019 and open positions in such derivatives as of March 31, 2019 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, 2019 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

 

WisdomTree Trust      103  


Table of Contents

Notes to Financial Statements (continued)

 

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 page 108. At March 31, 2019, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2019, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.

As of March 31, 2019, 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  

Emerging Markets High Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
   $ 8,885      Unrealized depreciation on
foreign currency contracts
   $ 1,675  

Emerging Markets Multifactor Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     21,603      Unrealized depreciation on
foreign currency contracts
     17  

Emerging Markets Quality Dividend Growth Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
          Unrealized depreciation on
foreign currency contracts
     2  

Global High Dividend Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     19      Unrealized depreciation on
foreign currency contracts
      

For the fiscal year or period ended March 31, 2019, 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

     $(18,542)      $   (27) 

China ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

     (42,667       

Emerging Markets Consumer Growth Fund

 

Foreign exchange contracts

     9,681        (491

Emerging Markets ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

     (113,760      4,366  

Emerging Markets High Dividend Fund

 

Foreign exchange contracts

     481,139        (9,426

Emerging Markets Multifactor Fund3

 

Foreign exchange contracts

     (292,785      21,586  

Emerging Markets Quality Dividend Growth Fund

 

Foreign exchange contracts

     (29,051      (2

Emerging Markets SmallCap Dividend Fund

 

Foreign exchange contracts

     (262,715      (763

Global ex-U.S. Quality Dividend Growth Fund

 

Foreign exchange contracts

     (15,809       

Global ex-U.S. Real Estate Fund

 

Foreign exchange contracts

     36,996        (15

Global High Dividend Fund

 

Foreign exchange contracts

     2,160        19  

India Earnings Fund (consolidated)

 

Foreign exchange contracts

     1,067,496         

 

104   WisdomTree Trust


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

   $ (8,264    $ 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

 

  3 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

During the fiscal year or period ended March 31, 2019, 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

   $      $ 54,187  

China ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

     421,763        588,400  

Emerging Markets Consumer Growth Fund

 

Foreign exchange contracts

     40,465        76,017  

Emerging Markets ex-State-Owned Enterprises Fund

 

Foreign exchange contracts

     731,452        250,809  

Emerging Markets High Dividend Fund

 

Foreign exchange contracts

     1,382,755        1,487,170  

Emerging Markets Multifactor Fund1

 

Foreign exchange contracts

     3,518,047        6,393,408  

Emerging Markets Quality Dividend Growth Fund

 

Foreign exchange contracts

     15,065        82,107  

Emerging Markets SmallCap Dividend Fund

 

Foreign exchange contracts

     508,666        1,479,833  

Global ex-U.S. Quality Dividend Growth Fund

 

Foreign exchange contracts

            17,269  

Global ex-U.S. Real Estate Fund

 

Foreign exchange contracts

     12,273        37,112  

Global High Dividend Fund

 

Foreign exchange contracts

     20,706        16,889  

India Earnings Fund (consolidated)

 

Foreign exchange contracts

     6,685,689        7,070,489  

Middle East Dividend Fund

 

Foreign exchange contracts

     789        8,099  
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

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

 

WisdomTree Trust      105  


Table of Contents

Notes to Financial Statements (continued)

 

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.

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 (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds 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.

 

106   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

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.

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. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

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”), such as total return swap contracts and 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

 

WisdomTree Trust      107  


Table of Contents

Notes to Financial Statements (continued)

 

excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2019, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

   

Gross Amounts
in the
Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

 
Fund   Financial
Instruments
    Collateral
Received
    Financial
Instruments
    Collateral
Posted
 

Asia Pacific ex-Japan Fund

               

Securities Lending

  $ 82,124     $     $ (82,124 )1    $     $     $     $     $  

China ex-State-Owned Enterprises Fund

               

Securities Lending

    6,079,058             (6,079,058 )1                               

Emerging Markets Consumer Growth Fund

               

Securities Lending

    655,926             (655,926 )1                               

Emerging Markets ex-State-Owned Enterprises Fund

               

Securities Lending

    4,002,585             (4,002,585 )1                               

Emerging Markets High Dividend Fund

               

Securities Lending

    115,479,838             (115,479,838 )1                               

Foreign Currency Contracts

    8,885                   8,885       1,675                   1,675  

Emerging Markets Multifactor Fund

               

Foreign Currency Contracts

    21,603       (17           21,586       17       (17            

Emerging Markets Quality Dividend Growth Fund

               

Securities Lending

    439,964             (439,964 )1                               

Foreign Currency Contracts

                            2                   2  

Emerging Markets SmallCap Dividend Fund

               

Securities Lending

    102,226,525             (102,226,525 )1                               

Global ex-U.S. Quality Dividend Growth Fund

               

Securities Lending

    3,869,120             (3,869,120 )1                               

Global ex-U.S. Real Estate Fund

               

Securities Lending

    4,479,976             (4,479,976 )1                               

Global High Dividend Fund

               

Securities Lending

    1,651,491             (1,651,491 )1                               

Foreign Currency Contracts

    19                   19                          
  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

 

108   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

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. The India Earnings Fund has filed an election to treat the Portfolio as a ‘‘pass-through’’ entity for tax purposes.

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive 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 Waiver

    

Advisory Fee
Waiver

Expiration Date

 

Asia Pacific ex-Japan Fund

     0.48              

China ex-State-Owned Enterprises Fund

     0.63      (0.31 )%       July 31, 2019  

Emerging Markets Consumer Growth Fund

     0.63      (0.31 )%       July 31, 2019  

Emerging Markets ex-State-Owned Enterprises Fund

     0.58      (0.26 )%       July 31, 2019  

Emerging Markets High Dividend Fund

     0.63              

Emerging Markets Multifactor Fund

     0.48                

Emerging Markets Quality Dividend Growth Fund

     0.63      (0.31 )%       July 31, 2019  

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              

During the fiscal year ended March 31, 2019, the Emerging Markets ex-State-Owned Enterprises Fund and the Middle East Dividend Fund each received a voluntary reimbursement of $288 and $17,117, respectively, from Mellon for investment losses 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”.

 

WisdomTree Trust      109  


Table of Contents

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 or period ended March 31, 2019 are as follows:

 

               
Fund   Value at
3/31/2018
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2019
    Dividend
Income
 

Asia Pacific ex-Japan Fund

             

Global ex-U.S. Real Estate Fund

  $ 111,132     $ 1,144,115     $ 1,212,795     $ (39,357   $ (1,039   $ 2,056     $ 17,111  

Emerging Markets High Dividend Fund

             

Global High Dividend Fund

  $ 2,617,313     $ 9,823,739     $ 9,919,325     $ (270,428   $ 53,056     $ 2,304,355     $ 100,059  

India Earnings Fund

    33,538,657             32,447,740       (1,381,893     290,976             100,345  

Total

  $ 36,155,970     $ 9,823,739     $ 42,367,065     $ (1,652,321   $ 344,032     $ 2,304,355     $ 200,404  

Emerging Markets Multifactor Fund1

             

India Earnings Fund

  $     $ 45,309     $ 41,106     $ (4,203   $     $     $ 185  

Emerging Markets SmallCap Dividend Fund

             

Emerging Markets High Dividend Fund

  $ 134,566     $ 25,629,027     $ 25,019,209     $ (741,359   $ (3,025   $     $ 334,183  

Global ex-U.S. Quality Dividend Growth Fund

             

Emerging Markets High Dividend Fund

  $ 11,429     $ 562,495     $ 552,950     $ (16,228   $ (99   $ 4,647     $ 6,221  

International Equity Fund

    17,116       849,646       826,315       (33,785     224       6,886       11,449  

Total

  $ 28,545     $ 1,412,141     $ 1,379,265     $ (50,013   $ 125     $ 11,533     $ 17,670  

Global High Dividend Fund

             

International High Dividend Fund

  $     $ 1,456,817     $ 1,390,767     $ (28,813   $ 739     $ 37,976     $ 9,186  

U.S. High Dividend Fund

          481,535       458,950       (10,171     341       12,755       1,942  

Total

  $     $ 1,938,352     $ 1,849,717     $ (38,984   $ 1,080     $ 50,731     $ 11,128  
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2019, 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 and
distributions paid to
WTAM on
Fund Shares
held by WTAM
 

Emerging Markets ex-State-Owned Enterprises Fund

     843      $ 24,304      $ 375  

Emerging Markets High Dividend Fund

     10        438        31  

Emerging Markets Multifactor Fund

     594        14,119        88  

Emerging Markets SmallCap Dividend Fund

     340        16,017        594  

India Earnings Fund (consolidated)

     137        3,607        24  

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2019, 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 or period ended March 31, 2019 are shown in the following table. Realized gains and losses

 

110   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

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  

Asia Pacific ex-Japan Fund

   $ 8,031,602      $ 11,445,589      $      $ 6,749,122  

China ex-State-Owned Enterprises Fund

     58,397,776        68,525,810        23,290,105        58,565,458  

Emerging Markets Consumer Growth Fund

     32,677,441        35,503,154        3,871,698        7,931,577  

Emerging Markets ex-State-Owned Enterprises Fund

     146,449,529        42,576,201        117,199,909        6,776,191  

Emerging Markets High Dividend Fund

     926,310,342        895,648,782        126,099,152        104,243,543  

Emerging Markets Multifactor Fund1

     23,602,906        14,811,415        9,600,727         

Emerging Markets Quality Dividend Growth Fund

     64,712,617        59,995,417        8,714,714        11,410,363  

Emerging Markets SmallCap Dividend Fund

     576,717,997        631,414,817        25,823,112        76,441,851  

Global ex-U.S. Quality Dividend Growth Fund

     41,604,867        40,996,563        15,089,018        9,820,069  

Global ex-U.S. Real Estate Fund

     17,975,008        17,640,038        14,702,624        9,142,803  

Global High Dividend Fund

     18,883,240        19,324,553               10,687,415  

India Earnings Fund (consolidated)

     552,242,812        909,762,389                

Middle East Dividend Fund

     9,027,961        5,266,141                
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

6. FEDERAL INCOME TAXES

At March 31, 2019, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

       
    Investments in Long Securities           Investments in Financial Derivatives1  
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
    Total Net
Unrealized
Appreciation/
(Depreciation)
 

Asia Pacific ex-Japan Fund

  $ 30,345,390     $ 5,106,063     $ (1,896,142   $ 3,209,921             $     $     $     $ 3,209,921  

China ex-State-Owned Enterprises Fund

    145,185,164       12,147,120       (12,712,558     (565,438                               (565,438

Emerging Markets Consumer Growth Fund

    31,194,706       4,365,253       (953,423     3,411,830                                 3,411,830  

Emerging Markets ex-State-Owned Enterprises Fund

    302,440,041       15,316,441       (11,418,300     3,898,141                                 3,898,141  

Emerging Markets High Dividend Fund

    2,099,088,769       242,430,534       (145,610,747     96,819,787               8,885       (1,628     7,257       96,827,044  

Emerging Markets Multifactor Fund

    18,118,748       894,013       (222,135     671,878               6       (17     (11     671,867  

Emerging Markets Quality Dividend Growth Fund

    60,660,662       10,799,128       (2,121,560     8,677,568                     (2     (2     8,677,566  

Emerging Markets SmallCap Dividend Fund

    1,346,545,114       197,108,323       (113,328,934     83,779,389                                 83,779,389  

Global ex-U.S. Quality Dividend Growth Fund

    68,635,473       7,848,926       (3,559,287     4,289,639                                 4,289,639  

Global ex-U.S. Real Estate Fund

    113,790,005       10,003,394       (6,963,208     3,040,186                                 3,040,186  

Global High Dividend Fund

    89,614,750       10,677,492       (7,016,131     3,661,361               19             19       3,661,380  

 

WisdomTree Trust      111  


Table of Contents

Notes to Financial Statements (continued)

 

       
    Investments in Long Securities           Investments in Financial Derivatives1  
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
    Total Net
Unrealized
Appreciation/
(Depreciation)
 

India Earnings Fund (consolidated)

  $ 957,616,915     $ 421,661,600     $ (49,351,873   $ 372,309,727             $     $     $     $ 372,309,727  

Middle East Dividend Fund

    17,300,774       3,672,290       (816,399     2,855,891                                 2,855,891  
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain or loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(deprecation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

At March 31, 2019, 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
Depreciation
   

Total Accumulated
Earnings/

(Losses)

 

Asia Pacific ex-Japan Fund

  $ 12,006     $ (9,731,351   $ 3,209,921     $ (14,611   $ (6,524,035

China ex-State-Owned Enterprises Fund

          (23,573,364     (565,438     (56     (24,138,858

Emerging Markets Consumer Growth Fund

    15,671       (11,384,695     3,411,830       (4,116     (7,961,310

Emerging Markets ex-State-Owned Enterprises Fund

    124,917       (7,191,338     3,898,141       (29,948     (3,198,228

Emerging Markets High Dividend Fund

    4,629,179       (1,302,935,847     96,827,044       (106,713     (1,201,586,337

Emerging Markets Multifactor Fund

    16,595       (525,526     671,867       (16,271     146,665  

Emerging Markets Quality Dividend Growth Fund

    16,450       (17,071,286     8,677,566       (104,668     (8,481,938

Emerging Markets SmallCap Dividend Fund

    4,737,604       (388,595,820     83,779,389       (61,528     (300,140,355

Global ex-U.S. Quality Dividend Growth Fund

    158,965       (15,475,760     4,289,639       (56,372     (11,083,528

Global ex-U.S. Real Estate Fund

    3,978,995       (10,892,834     3,040,186       (3,571     (3,877,224

Global High Dividend Fund

    101,770       (8,121,509     3,661,380       (4,917     (4,363,276

India Earnings Fund (consolidated)

          (188,764,575     372,309,727       (8,368,845     175,176,307  

Middle East Dividend Fund

    310,853       (4,536,974     2,855,891       (66     (1,370,296

The tax character of distributions paid during the fiscal years or periods ended March 31, 2019 and March 31, 2018, was as follows:

 

     
     Year Ended March 31, 2019      Year Ended March 31, 2018  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
 

Asia Pacific ex-Japan Fund

   $ 1,626,373      $      $ 1,460,015  

China ex-State-Owned Enterprises Fund

     2,142,539        19,493        175,236  

Emerging Markets Consumer Growth Fund

     1,229,361               608,721  

Emerging Markets ex-State-Owned Enterprises Fund

     2,582,368               125,650  

Emerging Markets High Dividend Fund

     87,028,025               74,635,924  

Emerging Markets Multifactor Fund

     111,589 1               

Emerging Markets Quality Dividend Growth Fund

     2,036,219               1,254,486  

Emerging Markets SmallCap Dividend Fund

     58,272,794               39,444,335  

Global ex-U.S. Quality Dividend Growth Fund

     1,532,940               1,055,807  

Global ex-U.S. Real Estate Fund

     4,157,515               6,147,290  

Global High Dividend Fund

     3,977,862               3,155,342  

India Earnings Fund (consolidated)

     18,968,260        609,812        14,626,040  

Middle East Dividend Fund

     738,425               417,266  
  *Includes

short-term capital gains if any.

 

  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

 

 

112   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

At March 31, 2019, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term
Post-Effective
No Expiration
     Long-Term
Post-Effective
No Expiration
     Capital Loss
Available Total
 

Asia Pacific ex-Japan Fund

   $ 3,219,685      $ 6,511,666      $ 9,731,351  

China ex-State-Owned Enterprises Fund

     19,069,102        4,474,202        23,543,304  

Emerging Markets Consumer Growth Fund

     4,511,523        6,873,172        11,384,695  

Emerging Markets ex-State-Owned Enterprises Fund

     6,155,717        1,035,621        7,191,338  

Emerging Markets High Dividend Fund

     484,217,233        818,718,614        1,302,935,847  

Emerging Markets Multifactor Fund

     387,223        138,303        525,526  

Emerging Markets Quality Dividend Growth Fund

     9,274,805        7,796,481        17,071,286  

Emerging Markets SmallCap Dividend Fund

     263,674,320        124,921,500        388,595,820  

Global ex-U.S. Quality Dividend Growth Fund

     13,339,763        2,135,997        15,475,760  

Global ex-U.S. Real Estate Fund

     3,699,298        7,193,536        10,892,834  

Global High Dividend Fund

     4,663,371        3,458,138        8,121,509  

India Earnings Fund (consolidated)

     184,991,188        3,773,387        188,764,575  

Middle East Dividend Fund

     1,987,043        2,549,931        4,536,974  

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 or period ended March 31, 2019, the following Funds incurred and will elect to defer late year ordinary losses as follows:

 

   
Fund    Late Year
Ordinary Loss
 

Asia Pacific ex-Japan Fund

   $  

China ex-State-Owned Enterprises Fund

     30,060  

Emerging Markets Consumer Growth Fund

      

Emerging Markets ex-State-Owned Enterprises Fund

      

Emerging Markets High Dividend Fund

      

Emerging Markets Multifactor Fund

      

Emerging Markets Quality Dividend Growth Fund

      

Emerging Markets SmallCap Dividend Fund

      

Global ex-U.S. Quality Dividend Growth Fund

      

Global ex-U.S. Real Estate Fund

      

Global High Dividend Fund

      

India Earnings Fund (consolidated)

      

Middle East Dividend Fund

      

During the fiscal year or period ended March 31, 2019, the amount of expired capital loss carryforwards and 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

   $ 2,148,087      $  

China ex-State-Owned Enterprises Fund

             

Emerging Markets Consumer Growth Fund

             

Emerging Markets ex-State-Owned Enterprises Fund

             

Emerging Markets High Dividend Fund

     561,494         

Emerging Markets Multifactor Fund1

             

Emerging Markets Quality Dividend Growth Fund

             

Emerging Markets SmallCap Dividend Fund

     4,882,951         

 

WisdomTree Trust      113  


Table of Contents

Notes to Financial Statements (continued)

 

     
Fund    Expired
Capital Loss
Carryforward
     Utilized
Capital Loss
Carryforward
 

Global ex-U.S. Quality Dividend Growth Fund

   $      $  

Global ex-U.S. Real Estate Fund

     10,538,886         

Global High Dividend Fund

     807,956         

India Earnings Fund (consolidated)

     6,294,051        38,708,025  

Middle East Dividend Fund

     763,315         
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

At March 31, 2019, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

     
Fund    Total Distributable
Earnings (Loss)
     Paid-in Capital  

Asia Pacific ex-Japan Fund

   $ 1,362,746      $ (1,362,746

China ex-State-Owned Enterprises Fund

     (7,716,920      7,716,920  

Emerging Markets Consumer Growth Fund

     (155,319      155,319  

Emerging Markets ex-State-Owned Enterprises Fund

     (379,691      379,691  

Emerging Markets High Dividend Fund

     (14,042,513      14,042,513  

Emerging Markets Multifactor Fund

             

Emerging Markets Quality Dividend Growth Fund

     (2,391,073      2,391,073  

Emerging Markets SmallCap Dividend Fund

     (1,765,702      1,765,702  

Global ex-U.S. Quality Dividend Growth Fund

     (1,611,445      1,611,445  

Global ex-U.S. Real Estate Fund

     9,595,901        (9,595,901

Global High Dividend Fund

     (601,916      601,916  

India Earnings Fund (consolidated)

     6,294,050        (6,294,050

Middle East Dividend Fund

     763,316        (763,316

The differences are primarily due to redemptions-in-kind, foreign currency transactions, investments in passive foreign investment companies, investments in partnerships, and expiration of capital loss carryforwards.

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, 2019, 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, 2019, remains subject to examination by taxing authorities.

7. MAURITIUS AND INDIA TAXATION

The Portfolio holds a tax residency certificate issued by the Mauritian Revenue authorities, other tax residency related documentation prescribed by the Indian Revenue authorities and should be regarded as the beneficial owner of the investments made in Indian securities, which should entitle it to claim the benefits of the double taxation avoidance agreement entered between the Government of India and Mauritius (“tax treaty”). 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 indirectly benefit from any tax treaty benefits claimed by the Portfolio. The Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the tax treaty’s applicability to entities such as the Portfolio. The eligibility for tax treaty benefits does however continue to be a highly litigated matter in India.

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. Effective July 1, 2021, the Portfolio will not be allowed to

 

114   WisdomTree Trust


Table of Contents

Notes to Financial Statements (concluded)

 

compute its foreign tax according to a presumed amount of 80% of the Mauritian tax of the relevant foreign sourced income. Furthermore, transactions with the Portfolio will not necessarily be considered to be foreign sourced income. However, the Portfolio may apply for a partial exemption on its foreign dividend income, interest income and profits from foreign permanent establishments. The partial exemption would be computed at 80% of the relevant foreign sourced income.

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 of an Indian company 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 detailed LOB conditions prescribed under the tax treaty 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. The Indian tax rates applicable on disposal of securities by the Portfolio would depend on the nature of securities, the holding period and the manner of disposal.

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 before 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 any tax benefit 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 year ended March 31, 2019, 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 and had a final maturity date of October 9, 2018. During the year ended March 31, 2019, the Fund utilized the demand note and borrowed for a period of 6 days with an average outstanding note balance of $263,885,625 and a weighted average interest rate of 4.28% per annum. Interest expense related to the loan for the year ended March 31, 2019 was $185,659. At March 31, 2019, the Fund did not have any amounts outstanding under the demand note agreement.

9. RECENT ACCOUNTING PRONOUNCEMENTS

On August 17, 2018, the SEC voted to adopt “Disclosure Update and Simplification” amendments to certain of its disclosure requirements that have become redundant, duplicative, overlapping, outdated, or superseded, in light of other SEC disclosure requirements, GAAP, or changes in the information environment. The SEC will also be referring certain SEC disclosure requirements that overlap with, but require information incremental to, GAAP to the FASB for potential incorporation into GAAP. The amendments are intended to facilitate the disclosure of information to investors and simplify compliance without significantly altering the total mix of information provided to investors. These amendments became effective on November 5, 2018 (30 days after their publication in the Federal Register). WTAM has evaluated these amendments and determined that there is no significant impact on the Trust’s financial statements. All applicable amendments have been incorporated into the Trust’s financial statements and related disclosures. The specific amendments incorporated into the Trust’s financial statements pertain to (i) the amendment requiring the presentation of the distributable earnings in total on the Statements of Assets and Liabilities, rather than showing the 3 components of distributable earnings (i.e., (1) undistributed (distributions in excess of) net investment income, (2) accumulated net realized gain (loss) on investments and (3) net unrealized appreciation (depreciation) on investments, and (ii) the amendment requiring the presentation of distributions to shareholders in total on the Statements of Changes in Net Assets, except for tax return of capital distributions, which shall continue to be disclosed separately.

On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 includes removals, additions and modifications to the disclosure requirements for fair value measurements that are intended to improve the effectiveness of disclosures in the notes to financial statements. The amendments in ASU 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. WTAM has evaluated ASU 2018-13 and has adopted the disclosure framework for the Trust’s financial statements.

 

WisdomTree Trust      115  


Table of Contents

Report of Independent Registered Public Accounting Firm

 

To the Shareholders of 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 Multifactor Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree Global High Dividend Fund, WisdomTree India Earnings Fund (consolidated) and WisdomTree Middle East Dividend Fund and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree 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 Multifactor Fund, WisdomTree Emerging Markets Quality Dividend Growth Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Global ex-U.S. Quality Dividend Growth Fund, WisdomTree Global ex-U.S. Real Estate Fund, WisdomTree Global High Dividend Fund, WisdomTree India Earnings Fund (consolidated) and WisdomTree Middle East Dividend Fund (collectively referred to as the “Funds”), (thirteen of the funds constituting WisdomTree Trust (the “Trust”)) including the schedules of investments, as of March 31, 2019, 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 (thirteen of the funds constituting WisdomTree Trust) at March 31, 2019, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust    Statement of
operations
   Statements of changes
in net assets
   Financial highlights

WisdomTree Asia Pacific ex-Japan Fund

WisdomTree China ex-State-Owned Enterprises Fund

WisdomTree Emerging Markets Consumer Growth 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)

WisdomTree Middle East Dividend Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the five years in the period ended March 31, 2019

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the four years in the period ended March 31, 2019 and the period from December 10, 2014 (commencement of operations) through March 31, 2015

WisdomTree Emerging Markets Multifactor Fund

   For the period from August 10, 2018 (commencement of operations) through March 31, 2019

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

 

116   WisdomTree Trust


Table of Contents

Report of Independent Registered Public Accounting Firm (concluded)

 

owned as of March 31, 2019, 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 23, 2019

 

WisdomTree Trust      117  


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).     76     Trustee, Vericimetry Funds (2011 to 2014).
Joel Goldberg#†
(1945)
  Trustee, 2012- present   Attorney, Partner, Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     76     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.     76     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.     76     Associate Alumnae of Douglass College, Chair 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.     76     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

*

As of March 31, 2019.

 

^

Chair of the Audit Committee.

 

#

Co-Chair of the Contracts Review Committee.

 

Chair of the Governance, Nominating and Compliance Committee.

 

Chair of the Investment Committee.

 

118   WisdomTree Trust


Table of Contents

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.     76     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.     76     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.     76     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.     76     None

Joanne Antico**

(1975)

 

Assistant Secretary, 2018-
present

  Assistant General Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     76     None
Clint Martin**
(1977)
  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012.     76     None

 

*

As of March 31, 2019.

 

**

Elected by and serves at the pleasure of the Board.

 

WisdomTree Trust      119  


Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year or period ended March 31, 2019, 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 2020.

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, 2019, 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

   $ 1,190,685  

China ex-State-Owned Enterprises Fund

     1,339,459  

Emerging Markets Consumer Growth Fund

     673,763  

Emerging Markets ex-State-Owned Enterprises Fund

     2,123,778  

Emerging Markets High Dividend Fund

     63,438,544  

Emerging Markets Multifactor Fund1

     110,468  

Emerging Markets Quality Dividend Growth Fund

     1,716,487  

Emerging Markets SmallCap Dividend Fund

     28,197,323  

Global ex-U.S. Quality Dividend Growth Fund

     1,346,730  

Global ex-U.S. Real Estate Fund

     1,067,223  

Global High Dividend Fund

     3,515,159  

India Earnings Fund (consolidated)

     19,578,072  

Middle East Dividend Fund

     61,776  
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries during the fiscal year or period ended March 31, 2019. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Asia Pacific ex-Japan Fund

   $ 1,896,877      $ 132,232  

China ex-State-Owned Enterprises Fund

     2,498,254        127,641  

Emerging Markets Consumer Growth Fund

     1,226,042        120,765  

Emerging Markets ex-State-Owned Enterprises Fund

     3,598,822        476,687  

Emerging Markets High Dividend Fund

     96,836,882        10,874,277  

Emerging Markets Multifactor Fund1

     190,086        21,968  

Emerging Markets Quality Dividend Growth Fund

     2,628,991        415,486  

Emerging Markets SmallCap Dividend Fund

     59,167,690        6,881,719  

Global ex-U.S. Quality Dividend Growth Fund

     1,712,617        162,547  

Global ex-U.S. Real Estate Fund

     4,333,161        263,554  

Global High Dividend Fund

             

India Earnings Fund (consolidated)

             

Middle East Dividend Fund

     959,711        15,836  
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

 

120   WisdomTree Trust


Table of Contents

Supplemental Information (unaudited) (concluded)

 

The following represents the percentage of dividends paid during the fiscal year or period ended March 31, 2019, 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

     1.42

Emerging Markets Consumer Growth Fund

      

Emerging Markets ex-State-Owned Enterprises Fund

     0.30

Emerging Markets High Dividend Fund

     0.03

Emerging Markets Multifactor Fund1

      

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

     50.51

India Earnings Fund (consolidated)

      

Middle East Dividend Fund

      
  1 

For the period August 10, 2018 (commencement of operations) through March 31, 2019.

 

WisdomTree Trust      121  


Table of Contents

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. Beginning in April 2019, the Funds will cease filing Form N-Q and will commence filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters will contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

122   WisdomTree Trust


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

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2275


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

March 31, 2019

 

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

WisdomTree U.S. High Dividend Fund (DHS)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

WisdomTree U.S. LargeCap Fund (EPS)

(formerly, WisdomTree U.S. Earnings 500 Fund)

WisdomTree U.S. MidCap Dividend Fund (DON)

WisdomTree U.S. MidCap Fund (EZM)

(formerly, WisdomTree U.S. 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)

WisdomTree U.S. SmallCap Dividend Fund (DES)

WisdomTree U.S. SmallCap Fund (EES)

(formerly, WisdomTree U.S. SmallCap Earnings Fund)

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

WisdomTree U.S. Total Dividend Fund (DTD)

WisdomTree U.S. Total Market Fund (EXT)

(formerly, WisdomTree U.S. Total Earnings Fund)

IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker dealer or bank).

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.


Table of Contents

Table of Contents

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       2  

Management’s Discussion of Funds’ Performance (unaudited)

       3  

Description of Indexes (unaudited)

       17  
Schedules of Investments     

WisdomTree U.S. Dividend ex-Financials Fund

       19  

WisdomTree U.S. High Dividend Fund

       21  

WisdomTree U.S. LargeCap Dividend Fund

       26  

WisdomTree U.S. LargeCap Fund

       31  

WisdomTree U.S. MidCap Dividend Fund

       38  

WisdomTree U.S. MidCap Fund

       44  

WisdomTree U.S. Multifactor Fund

       52  

WisdomTree U.S. Quality Dividend Growth Fund

       55  

WisdomTree U.S. Quality Shareholder Yield Fund

       59  

WisdomTree U.S. SmallCap Dividend Fund

       62  

WisdomTree U.S. SmallCap Fund

       71  

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

       81  

WisdomTree U.S. Total Dividend Fund

       85  

WisdomTree U.S. Total Market Fund

       95  

Statements of Assets and Liabilities

       109  

Statements of Operations

       112  

Statements of Changes in Net Assets

       115  

Financial Highlights

       120  

Notes to Financial Statements

       127  

Report of Independent Registered Public Accounting Firm

       139  

Trustees and Officers Information (unaudited)

       141  

Supplemental Information (unaudited)

       143  

General Information (unaudited)

       144  

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


Table of Contents

Market Environment Overview

(unaudited)

 

The U.S. equity market, as measured by the S&P 500® Index, returned +9.50% for the 12-month fiscal period that ended March 31, 2019 (the “period”).

U.S. equities experienced positive returns through September 2018, driven by robust corporate profits and economic growth, the benefit of U.S. corporate tax reform, gradual monetary policy normalization, as well as positive consumer and business survey data.

The positive trend in U.S. equities reversed in the fourth quarter of 2018 with the S&P 500® Index experiencing a market correction of -13.52% in the fourth quarter of 2018, resulting in the first calendar year loss for the index since the 2008 financial crisis. Key drivers of negative returns and heightened volatility in the fourth quarter of 2018 were concerns about the sustainability of U.S. corporate earnings growth, U.S. credit quality, as well as fears of slowing global trade and economic growth.

Through the last nine months of 2018, the U.S. Federal Reserve (the “Fed”) raised the benchmark rate three times, equating to a cumulative increase of 0.75%. Meanwhile, the Consumer Price Index decreased from its 2018 peak and U.S. inflation expectations, as measured by the difference between the nominal and real 10-year U.S. Treasury yields, fell below the +2.0% threshold, a signal from the market that additional Fed rate hikes in late 2018 and beyond may not be warranted.

In the first quarter of 2019, the U.S. equity market, as measured by the S&P 500® Index, rebounded sharply to return +13.65%. Indicators of economic growth signaled a mix of moderating growth and continued strength. Purchasing Managers’ Index survey data decreased, although the level remained consistent with the average it had been across periods of economic expansion. Meanwhile, payroll wage, and unemployment data exceeded expectations. The delayed release of fourth-quarter and full-year 2018 gross domestic product (“GDP”) fueled positive equity market returns - 2018 real GDP growth of +2.9% was stronger than anticipated and marked a rate of expansion that had only been reached two other times since 2005. The Fed also paused its multi-year rate hike program for the time being and stressed that further rate actions would be data dependent. Easing monetary policy and more constructive U.S.-China trade negotiations drove positive sentiment in U.S. equity markets.

Over the period, the increase in U.S. short-term interest rates exceeded the decrease in long-term rates (an anomaly that is generally seen as a recession indicator if it persists for a protracted period of time), resulting in inversion at the short-end of the U.S. Treasury yield curve and in flattening at long-end. The Fed funds rate increased 0.75% to 2.50% while the 2-Year U.S. Treasury Note yield was unchanged at 2.27% and the 10-Year U.S. Treasury Note yield fell 0.33% to 2.41%. The closely monitored spread between the 2- and 10-year U.S. Treasury yields decreased from 0.47% to 0.14% over the period. The rise in short-term rates was driven by tightening monetary policy through the final nine months of 2018, while the drop in long-term rates reflected the outlook for slowing global economic growth as well as the Fed’s dovish shift in monetary policy in early 2019.

 

WisdomTree Trust      1  


Table of Contents

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2018 to March 31, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

2   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Energy

    14.6%  

Consumer Discretionary

    12.7%  

Utilities

    12.3%  

Consumer Staples

    11.8%  

Information Technology

    11.5%  

Industrials

    10.3%  

Communication Services

    9.1%  

Materials

    8.7%  

Health Care

    8.1%  

Investment Company

    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.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

General Electric Co.

    2.5%  

CenturyLink, Inc.

    2.3%  

Targa Resources Corp.

    2.2%  

AT&T, Inc.

    1.9%  

Williams Cos., Inc. (The)

    1.8%  

Ford Motor Co.

    1.8%  

L Brands, Inc.

    1.8%  

ONEOK, Inc.

    1.8%  

General Mills, Inc.

    1.8%  

Altria Group, Inc.

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

The Fund returned 4.99% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Energy, combined with the exclusion of Financials, contributed most positively to performance, while its position in Consumer Discretionary contributed least positively to performance. Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for dividend-oriented strategies. The Fund’s overweight position to mid-cap equities provided much of the observed underperformance during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward. Over the entire fiscal year, the individual positions in large- and mid-cap equities proved to do the most harm, as stock selection was the biggest detractor.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 963.10        0.38   $ 1.86  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       4.99      7.92      7.57      16.37

Fund Market Price Returns

       4.96      7.93      7.57      16.35

WisdomTree Dividend Top 100/U.S. Dividend ex-Financials Spliced Index1

       5.36      8.35      7.98      16.86

Dow Jones U.S. Select Dividend IndexSM

       7.20      10.30      9.98      16.46
1 

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. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Trust      3  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. High Dividend Fund (DHS)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    15.8%  

Real Estate

    14.5%  

Energy

    14.1%  

Communication Services

    9.9%  

Financials

    9.4%  

Utilities

    9.3%  

Health Care

    7.2%  

Information Technology

    6.8%  

Industrials

    5.6%  

Consumer Discretionary

    5.4%  

Materials

    1.1%  

Investment Company

    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.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Exxon Mobil Corp.

    5.0%  

AT&T, Inc.

    4.9%  

Verizon Communications, Inc.

    3.8%  

Chevron Corp.

    3.4%  

Wells Fargo & Co.

    3.1%  

Procter & Gamble Co. (The)

    2.8%  

Philip Morris International, Inc.

    2.8%  

Pfizer, Inc.

    2.8%  

International Business Machines Corp.

    2.5%  

Altria Group, Inc.

    2.4%  
*

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

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

The Fund returned 10.15% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Financials contributed most positively to performance, while its position in Information Technology contributed least positively to performance. Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for dividend-oriented strategies. The Fund’s tilt toward mid-cap equities also provided a bit of downside protection in the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward. Likewise, underweight exposure to large-cap equities, along with the individual positions held, also provided a downside buffer over the same period. The Fund’s overall objective of allocating toward larger dividend payers also helped provide outsized returns over the entire fiscal year.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,021.70        0.38   $ 1.92  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       10.15      8.21      8.63      16.19

Fund Market Price Returns

       10.17      8.21      8.61      16.19

WisdomTree U.S. High Dividend Index

       10.53      8.61      9.04      16.67

Russell 1000® Value Index

       5.67      10.45      7.72      14.52

 

LOGO

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

 

4   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    17.3%  

Financials

    14.8%  

Consumer Staples

    12.3%  

Health Care

    11.7%  

Industrials

    10.0%  

Energy

    8.6%  

Communication Services

    7.3%  

Consumer Discretionary

    6.1%  

Utilities

    5.2%  

Real Estate

    4.2%  

Materials

    2.0%  

Investment Company

    0.4%  

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*

 

Description   % of Net Assets  

Microsoft Corp.

    3.3%  

Apple, Inc.

    3.3%  

AT&T, Inc.

    3.1%  

Exxon Mobil Corp.

    3.1%  

JPMorgan Chase & Co.

    2.3%  

Verizon Communications, Inc.

    2.2%  

Johnson & Johnson

    2.1%  

Chevron Corp.

    1.9%  

Wells Fargo & Co.

    1.7%  

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

The Fund returned 9.44% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed most positively to performance, while its position in Energy contributed least positively to performance. Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for dividend-oriented strategies. The Fund’s overweight to larger dividend payers helped provide outsized returns over the entire fiscal period. The same positioning helped provide downside protection during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,001.90        0.28   $ 1.40  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns

       9.44      11.62      9.75      15.30

Fund Market Price Returns

       9.35      11.63      9.73      15.28

WisdomTree U.S. LargeCap Dividend Index

       9.71      11.95      10.06      15.67

S&P 500® Index

       9.50      13.51      10.91      15.92

Russell 1000® Value Index

       5.67      10.45      7.72      14.52

 

LOGO

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

 

WisdomTree Trust      5  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. LargeCap Fund (EPS)

(formerly, WisdomTree U.S. Earnings 500 Fund)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.5%  

Financials

    20.8%  

Health Care

    10.6%  

Communication Services

    10.2%  

Industrials

    9.7%  

Consumer Discretionary

    8.7%  

Consumer Staples

    7.0%  

Energy

    4.9%  

Utilities

    2.8%  

Materials

    2.0%  

Real Estate

    1.5%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Apple, Inc.

    5.3%  

Microsoft Corp.

    2.7%  

Berkshire Hathaway, Inc., Class B

    2.6%  

Alphabet, Inc., Class A

    2.4%  

JPMorgan Chase & Co.

    2.3%  

Bank of America Corp.

    2.0%  

Facebook, Inc., Class A

    1.9%  

Intel Corp.

    1.7%  

Exxon Mobil Corp.

    1.4%  

Citigroup, Inc.

    1.4%  
*

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

The WisdomTree U.S. LargeCap Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. LargeCap Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in earnings-generating large-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index. Prior to March 28, 2019, the WisdomTree U.S. LargeCap Index was named the WisdomTree U.S. Earnings 500 Index.

The Fund returned 6.93% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Energy contributed most positively to performance, while its position in Financials contributed least positively to performance. The Fund was able to maintain positive performance over the fiscal period, despite three federal funds target rate increases from the Federal Reserve (the “Fed”) that provided a headwind to Fund performance. The Fund was modestly underweight large-cap equities during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward, which helped provide a bit of downside protection due to stock allocations. However, over the total fiscal period, an overweight allocation to underperforming companies with low valuation ratios hindered performance considerably. Likewise, stock allocations in companies with greater valuation ratios contributed to underperformance to the same extent.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 983.60        0.28   $ 1.38  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns

       6.93      13.13      9.91      15.33

Fund Market Price Returns

       6.75      13.14      9.90      15.33

WisdomTree U.S. LargeCap Index

       7.22      13.47      10.21      15.67

S&P 500® Index

       9.50      13.51      10.91      15.92

 

LOGO

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

 

6   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. MidCap Dividend Fund (DON)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    19.1%  

Real Estate

    15.4%  

Industrials

    13.7%  

Financials

    9.6%  

Materials

    9.5%  

Utilities

    8.7%  

Information Technology

    7.7%  

Energy

    7.0%  

Consumer Staples

    4.4%  

Communication Services

    2.5%  

Health Care

    1.7%  

Investment Company

    0.5%  

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*

 

Description   % of Net Assets  

Targa Resources Corp.

    1.7%  

Coty, Inc., Class A

    1.2%  

L Brands, Inc.

    1.2%  

Baker Hughes a GE Co.

    1.0%  

Kohl’s Corp.

    1.0%  

J.M. Smucker Co. (The)

    0.9%  

AES Corp.

    0.9%  

Campbell Soup Co.

    0.9%  

WestRock Co.

    0.9%  

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

The Fund returned 7.21% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Real Estate contributed most positively to performance, while its position in Information Technology contributed least positively to performance. Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for dividend-oriented strategies. The Fund’s overweight to larger dividend payers provided a bit of downside protection throughout the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward. During the fiscal year, portfolio allocations to these same larger dividend payers helped provide outsized returns.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 979.30        0.38   $ 1.88  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       7.21      10.26      9.58      18.05

Fund Market Price Returns

       7.22      10.26      9.58      18.02

WisdomTree U.S. MidCap Dividend Index

       7.57      10.67      9.97      18.52

S&P MidCap 400® Index

       2.59      11.24      8.29      16.28

Russell MidCap Value Index

       2.89      9.50      7.22      16.39

 

LOGO

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

 

WisdomTree Trust      7  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. MidCap Fund (EZM)

(formerly, WisdomTree U.S. MidCap Earnings Fund)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    19.8%  

Financials

    18.1%  

Consumer Discretionary

    15.7%  

Information Technology

    11.6%  

Materials

    9.3%  

Real Estate

    6.5%  

Health Care

    5.1%  

Energy

    4.1%  

Consumer Staples

    3.4%  

Utilities

    3.2%  

Communication Services

    2.8%  

Investment Company

    0.3%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Chemours Co. (The)

    1.2%  

PulteGroup, Inc.

    0.9%  

Huntsman Corp.

    0.9%  

Reliance Steel & Aluminum Co.

    0.6%  

Nektar Therapeutics

    0.6%  

United States Steel Corp.

    0.6%  

GrafTech International Ltd.

    0.6%  

Arrow Electronics, Inc.

    0.6%  

Chesapeake Energy Corp.

    0.6%  

PBF Energy, Inc., Class A

    0.6%  
*

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

The WisdomTree U.S. MidCap Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. MidCap Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in earnings-generating mid-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index. Prior to March 28, 2019, the WisdomTree U.S. MidCap Index was named the WisdomTree U.S. MidCap Earnings Index.

The Fund returned 3.22% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Financials contributed most positively to performance, while its position in Health Care contributed least positively to performance. The Fund was able to maintain positive performance over the fiscal period, despite three federal funds target rate increases from the Federal Reserve (the “Fed”) that provided a headwind to Fund performance. Overweight exposures to companies with greater earnings helped provide positive performance as well, while those with lesser earnings hampered performance the most, primarily due to stock allocations. During the fourth quarter of 2018, while a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward, the Fund received a bit of a downside buffer from companies with greater valuation ratios held by the Fund. During the fiscal year, overweight allocations to companies with lesser valuation ratios helped provide much of the positive performance, while stock allocations to companies with larger valuation ratios tempered it.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 958.60        0.38   $ 1.86  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       3.22      10.91      7.28      17.79

Fund Market Price Returns

       3.19      10.94      7.30      17.78

WisdomTree U.S. MidCap Index

       3.56      11.28      7.61      18.20

S&P MidCap 400® Index

       2.59      11.24      8.29      16.28

 

LOGO

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

 

8   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. Multifactor Fund (USMF)

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.7%  

Health Care

    14.5%  

Financials

    12.8%  

Consumer Discretionary

    10.8%  

Industrials

    9.8%  

Communication Services

    9.4%  

Consumer Staples

    7.4%  

Energy

    5.3%  

Utilities

    3.3%  

Real Estate

    3.2%  

Materials

    2.8%  

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.

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Western Union Co. (The)

    1.5%  

Booz Allen Hamilton Holding Corp.

    1.5%  

MAXIMUS, Inc.

    1.4%  

Citrix Systems, Inc.

    1.4%  

CDK Global, Inc.

    1.3%  

Merck & Co., Inc.

    1.3%  

Waste Management, Inc.

    1.3%  

Verizon Communications, Inc.

    1.3%  

Republic Services, Inc.

    1.3%  

Chevron Corp.

    1.2%  
*

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

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

The Fund returned 5.25% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Financials contributed most positively to performance, while its position in Health Care contributed least positively to performance. A few factors that comprised the Fund’s overall strategy struggled during the fiscal year, with companies having greater valuation ratios universally weighing down Fund performance and almost all dividend-paying companies detracting considerably from Fund performance. An underweight to large-cap equities, in conjunction with an overweight to mid-cap equities, also provided a significant drag on Fund performance. These same group results were just as pronounced during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Federal Reserve policy misstep sent markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 951.30        0.28   $ 1.36  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

   
        Average Annual Total Return  
        1 Year      Since Inception1  

Fund NAV Returns

       5.25      10.88

Fund Market Price Returns

       5.15      10.84

WisdomTree U.S. Multifactor Index

       5.41      10.98

S&P 500® Index

       9.50      11.63

S&P 500® Equal Weight Index

       7.22      9.44
1 

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

 

LOGO

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

 

WisdomTree Trust      9  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Information Technology

    21.0%  

Industrials

    18.6%  

Consumer Staples

    12.7%  

Consumer Discretionary

    10.7%  

Health Care

    10.3%  

Financials

    9.1%  

Communication Services

    7.8%  

Energy

    7.0%  

Materials

    2.5%  

Real Estate

    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*

 

Description   % of Net Assets  

Exxon Mobil Corp.

    5.0%  

Apple, Inc.

    4.7%  

Microsoft Corp.

    4.5%  

Verizon Communications, Inc.

    4.4%  

Wells Fargo & Co.

    3.6%  

Procter & Gamble Co. (The)

    3.3%  

Altria Group, Inc.

    2.8%  

AbbVie, Inc.

    2.6%  

International Business Machines Corp.

    2.5%  

PepsiCo, Inc.

    2.4%  
*

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

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

The Fund returned 9.25% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Health Care contributed most positively to performance, while its position in Financials contributed least positively to performance. Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for dividend-oriented strategies. During the fiscal year, portfolio allocations to companies that pay greater dividends provided a significant portion of the Fund’s positive performance, while portfolio allocations to those that pay fewer dividends inhibited performance the most. In addition, an overweight allocation to mid-cap equities was the most helpful for performance, while being underweight large-cap equities was almost as large a detractor. However, the large-cap underweight positioning and stock selection actually provided a bit of downside protection during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward. During this same period, the paradigm involving dividend payers was reversed, with companies that pay larger dividends becoming performance detractors and those that pay smaller dividends becoming performance benefactors.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 983.50        0.28   $ 1.38  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns

       9.25      13.69      11.35      12.12

Fund Market Price Returns

       9.17      13.71      11.35      12.12

WisdomTree U.S. Quality Dividend Growth Index

       9.55      14.04      11.67      12.44

NASDAQ U.S. Dividend AchieversTM Select Index

       10.81      12.86      10.19      10.69

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

 

LOGO

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

 

10   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    21.6%  

Information Technology

    19.8%  

Financials

    18.7%  

Industrials

    17.0%  

Health Care

    6.8%  

Energy

    4.5%  

Consumer Staples

    3.3%  

Materials

    3.3%  

Communication Services

    3.1%  

Real Estate

    1.0%  

Utilities

    0.8%  

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*

 

Description   % of Net Assets  

Celgene Corp.

    1.3%  

Lam Research Corp.

    1.3%  

eBay, Inc.

    1.3%  

Synchrony Financial

    1.2%  

Best Buy Co., Inc.

    1.2%  

Voya Financial, Inc.

    1.2%  

Applied Materials, Inc.

    1.1%  

CDK Global, Inc.

    1.1%  

Toll Brothers, Inc.

    1.1%  

Spirit AeroSystems Holdings, Inc., Class A

    1.0%  
*

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

The WisdomTree U.S. Quality Shareholder Yield Fund (the ‘‘Fund’’) seeks income and capital appreciation by investing primarily in U.S. equity securities that provide a high total shareholder yield with favorable relative quality characteristics.

The Fund returned 6.70% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for strategies that place an emphasis on dividends. The Fund’s position in Financials contributed most positively to performance, while its position in Information Technology contributed least positively to performance. In addition, the Fund’s underweight allocation to large-cap equities hindered performance, while its overweight positioning to mid-cap equities was also a detractor. The Fund also struggled during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward. Once again, the underweight and overweight to large- and mid- cap equities, respectively, harmed performance the most during this volatile period for equity markets.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 980.60        0.38   $ 1.88  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       6.70      12.28      9.29      15.15

Fund Market Price Returns

       6.64      12.27      9.29      15.14

Russell 1000® Value Index

       5.67      10.45      7.72      14.52

 

LOGO

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

 

WisdomTree Trust      11  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. SmallCap Dividend Fund (DES)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    17.2%  

Consumer Discretionary

    16.0%  

Real Estate

    13.7%  

Financials

    11.1%  

Materials

    9.5%  

Utilities

    7.2%  

Information Technology

    6.3%  

Communication Services

    6.2%  

Consumer Staples

    6.2%  

Energy

    3.5%  

Health Care

    2.0%  

Investment Company

    0.9%  

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*

 

Description   % of Net Assets  

Vector Group Ltd.

    1.5%  

TerraForm Power, Inc., Class A

    1.3%  

Pattern Energy Group, Inc., Class A

    1.2%  

Pitney Bowes, Inc.

    1.0%  

Covanta Holding Corp.

    1.0%  

Domtar Corp.

    0.9%  

WisdomTree U.S. MidCap Dividend Fund

    0.9%  

SemGroup Corp., Class A

    0.9%  

Bed Bath & Beyond, Inc.

    0.9%  

GameStop Corp., Class A

    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 ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying small-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 3.25% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Utilities contributed most positively to performance, while its position in Health Care contributed least positively to performance. Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for dividend-oriented strategies. The Fund’s overweight to companies that pay larger dividends helped the most to provide positive returns during the fiscal year. Likewise, this same positioning provided a bit of downside protection during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 938.80        0.38   $ 1.84  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       3.25      9.54      6.96      16.85

Fund Market Price Returns

       3.35      9.58      6.98      16.80

WisdomTree U.S. SmallCap Dividend Index

       3.58      9.87      7.20      17.12

Russell 2000® Index

       2.05      12.92      7.05      15.36

Russell 2000® Value Index

       0.17      10.86      5.59      14.12

 

LOGO

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

 

12   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. SmallCap Fund (EES)

(formerly, WisdomTree U.S. SmallCap Earnings Fund)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    23.7%  

Financials

    19.8%  

Industrials

    19.3%  

Energy

    9.2%  

Information Technology

    7.9%  

Materials

    6.7%  

Real Estate

    3.7%  

Health Care

    3.2%  

Consumer Staples

    2.8%  

Communication Services

    2.4%  

Utilities

    1.0%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Bed Bath & Beyond, Inc.

    1.1%  

American Axle & Manufacturing Holdings, Inc.

    1.0%  

Warrior Met Coal, Inc.

    1.0%  

Dana, Inc.

    1.0%  

Gulfport Energy Corp.

    0.9%  

FTS International, Inc.

    0.9%  

Kronos Worldwide, Inc.

    0.8%  

Lithia Motors, Inc., Class A

    0.7%  

W&T Offshore, Inc.

    0.7%  

KB Home

    0.7%  
*

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

The WisdomTree U.S. SmallCap Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. SmallCap Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in earnings-generating small-cap companies in the U.S. equity market. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index. Prior to March 28, 2019, the WisdomTree U.S. SmallCap Index was named the WisdomTree U.S. SmallCap Earnings Index.

The Fund returned 2.72% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Information Technology contributed most positively to performance, while its position in Financials contributed least positively to performance. The Fund was able to maintain positive performance during the fiscal year, despite three federal funds target rate increases from the Federal Reserve (the “Fed”) that provided a headwind to Fund performance. The Fund received positive performance particularly from the companies with greater earnings over the fiscal year, as well as those that had the lowest valuation ratios. In contrast, companies with higher valuation ratios and lower earnings were primary performance detractors. Companies with greater earnings and lower valuation ratios also helped provide a bit of downside protection during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 914.30        0.38   $ 1.81  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       2.72      13.44      7.18      18.07

Fund Market Price Returns

       2.69      13.47      7.14      18.01

WisdomTree U.S. SmallCap Index

       2.97      13.70      7.38      18.33

Russell 2000® Index

       2.05      12.92      7.05      15.36

 

LOGO

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

 

WisdomTree Trust      13  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

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

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    26.1%  

Consumer Discretionary

    18.7%  

Financials

    16.1%  

Materials

    13.5%  

Information Technology

    5.4%  

Communication Services

    5.3%  

Real Estate

    4.7%  

Consumer Staples

    3.6%  

Utilities

    3.3%  

Health Care

    3.0%  

Energy

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Brookfield Property REIT, Inc., Class A

    2.4%  

Artisan Partners Asset Management, Inc., Class A

    2.0%  

PotlatchDeltic Corp.

    1.6%  

Kronos Worldwide, Inc.

    1.4%  

Patterson Cos., Inc.

    1.4%  

Moelis & Co., Class A

    1.4%  

Meredith Corp.

    1.3%  

Schweitzer-Mauduit International, Inc.

    1.1%  

Sinclair Broadcast Group, Inc., Class A

    1.1%  

MDC Holdings, Inc.

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

The Fund returned 3.81% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Industrials contributed most positively to performance, while its position in Real Estate contributed least positively to performance. Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for dividend-oriented strategies. The Fund received the best performance contributions from companies that pay fewer dividends, while those that pay larger ones weighed on performance a bit more. Companies with greater profits also helped performance much more throughout the fiscal period, while less profitable companies tended to detract from performance. Likewise, portfolio allocations to companies with higher profitability helped provide a considerable downside buffer during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward. Conversely, those companies that were less profitable hindered performance more during this same period.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 935.00        0.38   $ 1.83  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.04        0.38   $ 1.92  

Performance

 

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

Fund NAV Returns

       3.81      9.74      6.48      8.25

Fund Market Price Returns

       3.79      9.74      6.49      8.22

WisdomTree U.S. SmallCap Quality Dividend Growth Index

       4.09      10.03      6.72      8.51

Russell 2000® Index

       2.05      12.92      7.05      8.37
1 

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

 

LOGO

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

 

14   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. Total Dividend Fund (DTD)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    15.5%  

Information Technology

    15.5%  

Consumer Staples

    11.0%  

Health Care

    10.0%  

Industrials

    10.0%  

Real Estate

    8.0%  

Energy

    7.9%  

Consumer Discretionary

    7.2%  

Communication Services

    6.6%  

Utilities

    5.3%  

Materials

    2.7%  

Investment Company

    0.2%  

Other Assets less Liabilities‡

    0.1%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Microsoft Corp.

    2.9%  

Apple, Inc.

    2.8%  

AT&T, Inc.

    2.6%  

Exxon Mobil Corp.

    2.6%  

JPMorgan Chase & Co.

    1.8%  

Verizon Communications, Inc.

    1.8%  

Johnson & Johnson

    1.8%  

Chevron Corp.

    1.7%  

Wells Fargo & Co.

    1.5%  

Procter & Gamble Co. (The)

    1.4%  
*

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

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

The Fund returned 9.10% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Energy contributed most positively to performance, while its position in Information Technology contributed least positively to performance. Despite the Federal Reserve (the “Fed”) raising the federal funds target rate three times throughout the fiscal year, the Fund was able to maintain positive performance in a rising rate environment, which is traditionally a headwind for dividend-oriented strategies. The Fund’s overweight to large-cap equities, combined with underweights to both mid- and small-cap equities, provided a bit of protection during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward. Likewise, portfolio allocations to companies that pay greater dividends helped provide outsized returns over the entire fiscal year.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 999.10        0.28   $ 1.40  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns

       9.10      11.39      9.64      15.63

Fund Market Price Returns

       9.03      11.40      9.65      15.60

WisdomTree U.S. Dividend Index

       9.36      11.69      9.94      16.09

Russell 3000® Index

       8.77      13.48      10.36      16.00

Russell 3000® Value Index

       5.30      10.50      7.56      14.50

 

LOGO

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

 

WisdomTree Trust      15  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree U.S. Total Market Fund (EXT)

(formerly, WisdomTree U.S. Total Earnings Fund)

 

Sector Breakdown

 

Sector   % of Net Assets  

Financials

    21.4%  

Information Technology

    20.0%  

Industrials

    11.2%  

Health Care

    9.6%  

Communication Services

    9.2%  

Consumer Discretionary

    9.1%  

Consumer Staples

    6.5%  

Energy

    4.9%  

Utilities

    2.9%  

Materials

    2.7%  

Real Estate

    2.2%  

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*

 

Description   % of Net Assets  

Apple, Inc.

    4.5%  

Microsoft Corp.

    2.3%  

Berkshire Hathaway, Inc., Class B

    2.3%  

Alphabet, Inc., Class A

    2.1%  

JPMorgan Chase & Co.

    1.9%  

Bank of America Corp.

    1.8%  

Facebook, Inc., Class A

    1.7%  

Intel Corp.

    1.5%  

Exxon Mobil Corp.

    1.3%  

Citigroup, 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 Market Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Total Market Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in U.S. all-cap equities from a broad range of earnings-generating companies. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index. Prior to March 28, 2019, the WisdomTree U.S. Total Market Index was named the WisdomTree U.S. Earnings Index.

The Fund returned 6.34% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s position in Energy contributed most positively to performance, while its position in Financials contributed least positively to performance. The Fund was able to maintain positive performance during the fiscal year, despite three federal funds target rate increases from the Federal Reserve (the “Fed”) that provided a headwind to Fund performance. In addition, the Fund’s overweight to large-cap equities and portfolio allocations to companies with low (or negative) earnings hindered Fund performance during the fiscal year. During the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a Fed policy misstep sent markets sharply downward, stock selection in large- and mid-cap equities provided a bit of downside protection.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 978.30        0.28   $ 1.38  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,023.54        0.28   $ 1.41  

Performance

 

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

Fund NAV Returns

       6.34      12.89      9.54      15.64

Fund Market Price Returns

       6.23      12.94      9.53      15.62

WisdomTree U.S. Total Market Index

       6.74      13.34      9.93      16.02

Russell 3000® Index

       8.77      13.48      10.36      16.00

 

LOGO

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

 

16   WisdomTree Trust


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

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

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

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

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

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

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

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

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

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

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

 

WisdomTree Trust      17  


Table of Contents

Description of Indexes (unaudited) (concluded)

 

 

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 Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the small-capitalization segment of the U.S. Stock Market.

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

The WisdomTree U.S. Total Market Index is a fundamentally weighted index that measures the performance of earnings-generating companies within the broad U.S. Stock Market.

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.

 

18   WisdomTree Trust


Table of Contents

Schedule of Investments

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

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
United States – 99.1%      
Aerospace & Defense – 1.6%

 

Lockheed Martin Corp.

     22,499      $ 6,753,300  

United Technologies Corp.

     45,354        5,845,677  
     

 

 

 
Total Aerospace & Defense

 

     12,598,977  
Air Freight & Logistics – 1.0%

 

United Parcel Service, Inc. Class B

     70,431        7,869,960  
Automobiles – 3.0%

 

Ford Motor Co.

     1,648,434        14,473,250  

General Motors Co.

     251,910        9,345,861  
     

 

 

 
Total Automobiles

 

     23,819,111  
Beverages – 1.7%

 

Coca-Cola Co. (The)

     138,834        6,505,761  

PepsiCo, Inc.

     58,847        7,211,700  
     

 

 

 
Total Beverages

 

     13,717,461  
Biotechnology – 2.8%

 

AbbVie, Inc.

     117,044        9,432,576  

Amgen, Inc.

     29,451        5,595,101  

Gilead Sciences, Inc.

     106,837        6,945,473  
     

 

 

 
Total Biotechnology

 

     21,973,150  
Chemicals – 4.0%

 

Air Products & Chemicals, Inc.

     39,049        7,456,797  

Celanese Corp.

     54,431        5,367,441  

CF Industries Holdings, Inc.

     148,420        6,067,410  

DowDuPont, Inc.

     109,740        5,850,239  

Eastman Chemical Co.

     87,977        6,675,695  
     

 

 

 
Total Chemicals

 

     31,417,582  
Containers & Packaging – 3.9%

 

Avery Dennison Corp.

     52,168        5,894,984  

International Paper Co.

     219,968        10,177,919  

Packaging Corp. of America

     76,317        7,584,383  

WestRock Co.

     192,210        7,371,254  
     

 

 

 
Total Containers & Packaging

 

     31,028,540  
Diversified Telecommunication Services – 5.3%

 

AT&T, Inc.

     468,400        14,689,024  

CenturyLink, Inc.

     1,493,955        17,912,521  

Verizon Communications, Inc.

     154,918        9,160,301  
     

 

 

 
Total Diversified Telecommunication Services

 

     41,761,846  
Electric Utilities – 8.9%

 

Avangrid, Inc.

     145,676        7,334,787  

Duke Energy Corp.

     102,116        9,190,440  

Edison International

     161,603        10,006,458  

Entergy Corp.

     102,776        9,828,469  

FirstEnergy Corp.

     226,246        9,414,096  

PPL Corp.

     387,560        12,301,154  

Southern Co. (The)

     236,409        12,217,617  
     

 

 

 
Total Electric Utilities

 

     70,293,021  
Electrical Equipment – 0.9%

 

Emerson Electric Co.

     106,989        7,325,537  
Energy Equipment & Services – 1.1%

 

Baker Hughes a GE Co.

     324,153      8,985,521  
Entertainment – 1.2%

 

Viacom, Inc. Class B

     200,035        5,614,982  

Walt Disney Co. (The)

     35,520        3,943,786  
     

 

 

 
Total Entertainment

 

     9,558,768  
Food Products – 5.7%

 

Campbell Soup Co.

     201,853        7,696,655  

General Mills, Inc.

     273,449        14,150,986  

J.M. Smucker Co. (The)

     70,354        8,196,241  

Kellogg Co.

     129,053        7,405,061  

Kraft Heinz Co. (The)

     227,015        7,412,040  
     

 

 

 
Total Food Products

 

     44,860,983  
Health Care Providers & Services – 2.2%

 

Cardinal Health, Inc.

     153,274        7,380,143  

CVS Health Corp.

     76,489        4,125,052  

Quest Diagnostics, Inc.

     61,734        5,551,121  
     

 

 

 
Total Health Care Providers & Services

 

     17,056,316  
Hotels, Restaurants & Leisure – 1.7%

 

Las Vegas Sands Corp.

     219,699        13,392,851  
Household Durables – 2.0%

 

Newell Brands, Inc.

     394,258        6,047,918  

Whirlpool Corp.

     70,994        9,434,392  
     

 

 

 
Total Household Durables

 

     15,482,310  
Household Products – 1.0%

 

Kimberly-Clark Corp.

     65,348        8,096,617  
Industrial Conglomerates – 3.3%

 

3M Co.

     29,412        6,111,225  

General Electric Co.

     1,992,490        19,904,975  
     

 

 

 
Total Industrial Conglomerates

 

     26,016,200  
IT Services – 3.9%

 

International Business Machines Corp.

     92,998        13,122,018  

Paychex, Inc.

     106,295        8,524,859  

Western Union Co. (The)

     493,819        9,120,837  
     

 

 

 
Total IT Services

 

     30,767,714  
Machinery – 2.6%

 

Caterpillar, Inc.

     44,180        5,985,948  

Cummins, Inc.

     49,570        7,825,616  

Illinois Tool Works, Inc.

     48,387        6,944,986  
     

 

 

 
Total Machinery

 

     20,756,550  
Media – 2.6%

 

Comcast Corp. Class A

     118,235        4,727,035  

Fox Corp. Class B*

     10,834        388,724  

Interpublic Group of Cos., Inc. (The)

     354,661        7,451,428  

Omnicom Group, Inc.

     91,083        6,648,148  

Sirius XM Holdings, Inc.

     271,988        1,542,172  
     

 

 

 
Total Media

 

     20,757,507  
Metals & Mining – 0.8%

 

Nucor Corp.

     104,748        6,112,046  

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2019

 

 

 

Investments    Shares      Value  
Multi-Utilities – 3.4%

 

CenterPoint Energy, Inc.

     299,231      $ 9,186,392  

Consolidated Edison, Inc.

     93,569        7,935,587  

Dominion Energy, Inc.

     128,517        9,852,113  
     

 

 

 
Total Multi-Utilities

 

     26,974,092  
Multiline Retail – 3.3%

 

Kohl’s Corp.

     130,695        8,987,895  

Macy’s, Inc.

     317,592        7,631,736  

Target Corp.

     119,378        9,581,278  
     

 

 

 
Total Multiline Retail

 

     26,200,909  
Oil, Gas & Consumable Fuels – 13.5%

 

Chevron Corp.

     73,208        9,017,761  

Exxon Mobil Corp.

     120,474        9,734,299  

Kinder Morgan, Inc.

     639,521        12,796,815  

Occidental Petroleum Corp.

     150,513        9,963,961  

ONEOK, Inc.

     204,085        14,253,296  

Phillips 66

     86,765        8,257,425  

Targa Resources Corp.

     426,270        17,711,519  

Valero Energy Corp.

     120,866        10,253,063  

Williams Cos., Inc. (The)

     505,372        14,514,284  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     106,502,423  
Pharmaceuticals – 3.1%

 

Bristol-Myers Squibb Co.

     126,295        6,025,535  

Johnson & Johnson

     41,136        5,750,401  

Merck & Co., Inc.

     80,811        6,721,051  

Pfizer, Inc.

     149,594        6,353,257  
     

 

 

 
Total Pharmaceuticals

 

     24,850,244  
Semiconductors & Semiconductor Equipment – 5.2%

 

Broadcom, Inc.

     25,474        7,660,286  

KLA-Tencor Corp.

     74,945        8,949,182  

Maxim Integrated Products, Inc.

     138,687        7,373,988  

QUALCOMM, Inc.

     162,630        9,274,789  

Texas Instruments, Inc.

     72,464        7,686,257  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     40,944,502  
Specialty Retail – 2.8%

 

Gap, Inc. (The)

     294,339        7,705,795  

L Brands, Inc.

     518,748        14,307,070  
     

 

 

 
Total Specialty Retail

 

     22,012,865  
Technology Hardware, Storage & Peripherals – 2.4%

 

Hewlett Packard Enterprise Co.

     465,009        7,175,089  

Western Digital Corp.

     250,332        12,030,956  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     19,206,045  
Tobacco – 3.3%

 

Altria Group, Inc.

     243,807        14,001,836  

Philip Morris International, Inc.

     140,946        12,458,217  
     

 

 

 
Total Tobacco

 

     26,460,053  
Trading Companies & Distributors – 0.9%

 

Fastenal Co.      111,746        7,186,385  
TOTAL COMMON STOCKS
(Cost: $724,147,126)
              783,986,086  
EXCHANGE-TRADED FUNDS – 0.7%      
United States – 0.7%      

WisdomTree U.S. LargeCap Dividend Fund(a)

     28,953      2,727,952  
WisdomTree U.S. MidCap Dividend Fund(a)      76,272        2,729,775  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $5,231,495)
              5,457,727  
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $729,378,621)
        789,443,813  

Other Assets less Liabilities – 0.2%

 

     1,625,055  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 791,068,868  
* 

Non-income producing security.

 

(a) 

Affiliated company (See Note 3).

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
United States – 99.1%      
Aerospace & Defense – 1.0%

 

Lockheed Martin Corp.

     30,807      $ 9,247,029  
Air Freight & Logistics – 1.1%

 

United Parcel Service, Inc. Class B

     90,797        10,145,657  
Auto Components – 0.0%

 

LCI Industries

     2,703        207,644  
Automobiles – 1.8%

 

Ford Motor Co.

     974,642        8,557,357  

General Motors Co.

     216,741        8,041,091  

Harley-Davidson, Inc.

     26,909        959,575  
     

 

 

 
Total Automobiles

 

     17,558,023  
Banks – 5.9%

 

Arrow Financial Corp.

     4,384        144,190  

Banc of California, Inc.

     12,812        177,318  

Bank of Hawaii Corp.

     6,353        501,061  

Bank OZK

     13,977        405,053  

BB&T Corp.

     97,762        4,548,866  

Boston Private Financial Holdings, Inc.

     7,263        79,602  

Bridge Bancorp, Inc.

     3,007        88,105  

Cathay General Bancorp

     12,587        426,825  

Central Pacific Financial Corp.

     6,841        197,294  

Citizens & Northern Corp.

     2,039        51,057  

Comerica, Inc.

     20,974        1,537,814  

Community Trust Bancorp, Inc.

     2,786        114,393  

Financial Institutions, Inc.

     2,398        65,178  

First Bancorp, Inc.

     5,021        125,123  

First Hawaiian, Inc.

     23,205        604,490  

First of Long Island Corp. (The)

     583        12,785  

Flushing Financial Corp.

     5,949        130,462  

FNB Corp.

     61,733        654,370  

Heritage Commerce Corp.

     12,905        156,151  

Hope Bancorp, Inc.

     27,290        356,953  

Huntington Bancshares, Inc.

     178,548        2,263,989  

Investors Bancorp, Inc.

     48,459        574,239  

KeyCorp

     168,805        2,658,679  

Mercantile Bank Corp.

     160        5,235  

Midland States Bancorp, Inc.

     4,207        101,220  

PacWest Bancorp

     33,695        1,267,269  

Park National Corp.

     2,203        208,734  

People’s United Financial, Inc.

     66,487        1,093,046  

Peoples Bancorp, Inc.

     1,169        36,204  

Premier Financial Bancorp, Inc.

     701        11,013  

Regions Financial Corp.

     157,180        2,224,097  

Sandy Spring Bancorp, Inc.

     5,677        177,577  

Southside Bancshares, Inc.

     7,377        245,138  

Stock Yards Bancorp, Inc.

     451        15,248  

SunTrust Banks, Inc.

     62,047        3,676,285  

Trustmark Corp.

     10,454        351,568  

Umpqua Holdings Corp.

     18,227        300,745  

United Bankshares, Inc.

     1,755        63,601  

Univest Financial Corp.

     7,484        183,059  

Valley National Bancorp

     64,350      616,473  

Washington Trust Bancorp, Inc.

     2,257        108,675  

Wells Fargo & Co.

     611,622        29,553,575  

West Bancorporation, Inc.

     3,052        63,115  
     

 

 

 
Total Banks

 

     56,175,874  
Beverages – 4.4%

 

Coca-Cola Co. (The)

     473,500        22,188,210  

PepsiCo, Inc.

     161,858        19,835,698  
     

 

 

 
Total Beverages

 

     42,023,908  
Biotechnology – 3.3%

 

AbbVie, Inc.

     264,608        21,324,759  

Gilead Sciences, Inc.

     159,001        10,336,655  
     

 

 

 
Total Biotechnology

 

     31,661,414  
Capital Markets – 0.4%

 

Ares Management Corp. Class A

     22,558        523,571  

Artisan Partners Asset Management, Inc. Class A

     23,300        586,461  

BGC Partners, Inc. Class A

     93,796        498,057  

Cohen & Steers, Inc.

     8,562        361,916  

Eaton Vance Corp.

     18,873        760,771  

Federated Investors, Inc. Class B

     18,953        555,512  

GAIN Capital Holdings, Inc.(a)

     16,752        105,202  

Moelis & Co. Class A

     10,685        444,603  

Virtu Financial, Inc. Class A

     16,587        393,941  
     

 

 

 
Total Capital Markets

 

     4,230,034  
Chemicals – 0.3%

 

CF Industries Holdings, Inc.

     13,115        536,141  

Chemours Co. (The)

     24,711        918,261  

Huntsman Corp.

     34,579        777,682  

Kronos Worldwide, Inc.

     15,347        215,165  

Olin Corp.

     27,802        643,338  

Valhi, Inc.

     1,050        2,425  
     

 

 

 
Total Chemicals

 

     3,093,012  
Commercial Services & Supplies – 0.2%

 

Covanta Holding Corp.

     35,450        613,639  

Ennis, Inc.

     9,611        199,524  

HNI Corp.

     7,611        276,203  

Knoll, Inc.

     11,014        208,275  

Pitney Bowes, Inc.

     67,963        466,906  

Steelcase, Inc. Class A

     17,578        255,760  
     

 

 

 
Total Commercial Services & Supplies

 

     2,020,307  
Consumer Finance – 0.5%

 

Navient Corp.

     63,589        735,725  

Santander Consumer USA Holdings, Inc.

     61,055        1,290,092  

Synchrony Financial

     91,527        2,919,711  
     

 

 

 
Total Consumer Finance

 

     4,945,528  
Containers & Packaging – 0.7%

 

Greif, Inc. Class B

     639        31,241  

International Paper Co.

     67,473        3,121,976  

Packaging Corp. of America

     12,215        1,213,927  

Sonoco Products Co.

     11,848        729,007  

WestRock Co.

     39,078        1,498,641  
     

 

 

 
Total Containers & Packaging

 

     6,594,792  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Diversified Consumer Services – 0.1%

 

H&R Block, Inc.

     30,037      $ 719,086  
Diversified Telecommunication Services – 9.4%

 

AT&T, Inc.

     1,482,318        46,485,492  

CenturyLink, Inc.

     486,601        5,834,346  

Cogent Communications Holdings, Inc.

     9,732        527,961  

Consolidated Communications Holdings, Inc.

     42,661        465,432  

Verizon Communications, Inc.

     613,024        36,248,109  
     

 

 

 
Total Diversified Telecommunication Services

 

     89,561,340  
Electric Utilities – 5.7%

 

Alliant Energy Corp.

     26,429        1,245,599  

American Electric Power Co., Inc.

     59,015        4,942,506  

Avangrid, Inc.

     37,618        1,894,066  

Duke Energy Corp.

     103,162        9,284,580  

Edison International

     47,841        2,962,315  

Entergy Corp.

     23,272        2,225,501  

Evergy, Inc.

     30,469        1,768,726  

Eversource Energy

     33,457        2,373,774  

Exelon Corp.

     96,941        4,859,652  

FirstEnergy Corp.

     71,977        2,994,963  

Hawaiian Electric Industries, Inc.

     14,535        592,592  

OGE Energy Corp.

     26,750        1,153,460  

Pinnacle West Capital Corp.

     13,659        1,305,527  

Portland General Electric Co.

     11,103        575,580  

PPL Corp.

     138,159        4,385,167  

Southern Co. (The)

     182,143        9,413,150  

Xcel Energy, Inc.

     43,225        2,429,677  
     

 

 

 
Total Electric Utilities

 

     54,406,835  
Electrical Equipment – 0.6%

 

Emerson Electric Co.

     72,651        4,974,414  

Hubbell, Inc.

     7,111        838,956  
     

 

 

 
Total Electrical Equipment

 

     5,813,370  
Electronic Equipment, Instruments & Components – 0.1%

 

AVX Corp.

     23,172        401,803  

Daktronics, Inc.

     16,316        121,554  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     523,357  
Energy Equipment & Services – 0.4%

 

Archrock, Inc.

     30,261        295,953  

Baker Hughes a GE Co.

     64,447        1,786,471  

Helmerich & Payne, Inc.

     20,116        1,117,645  

RPC, Inc.

     14,845        169,381  
     

 

 

 
Total Energy Equipment & Services

 

     3,369,450  
Entertainment – 0.1%

 

AMC Entertainment Holdings, Inc. Class A

     13,170        195,574  

Cinemark Holdings, Inc.

     15,226        608,888  
     

 

 

 
Total Entertainment

 

     804,462  
Equity Real Estate Investment Trusts (REITs) – 14.4%

 

Acadia Realty Trust

     14,938        407,359  

Agree Realty Corp.

     5,868        406,887  

Alexander’s, Inc.

     3        1,129  

Alexandria Real Estate Equities, Inc.

     12,176        1,735,811  

American Campus Communities, Inc.

     22,454      1,068,361  

American Finance Trust, Inc.

     22,910        247,428  

Apartment Investment & Management Co. Class A

     19,505        980,906  

Apple Hospitality REIT, Inc.

     67,072        1,093,274  

Armada Hoffler Properties, Inc.

     15,055        234,707  

Ashford Hospitality Trust, Inc.

     47,110        223,773  

AvalonBay Communities, Inc.

     15,731        3,157,684  

Bluerock Residential Growth REIT, Inc.

     14,599        157,377  

Braemar Hotels & Resorts, Inc.

     10,529        128,559  

Brandywine Realty Trust

     39,782        630,943  

Brixmor Property Group, Inc.

     77,217        1,418,476  

Brookfield Property REIT, Inc. Class A

     39,757        814,621  

Camden Property Trust

     11,978        1,215,767  

CareTrust REIT, Inc.

     16,230        380,756  

CatchMark Timber Trust, Inc. Class A

     23,316        228,963  

Cedar Realty Trust, Inc.

     28,770        97,818  

Chatham Lodging Trust

     16,148        310,688  

Chesapeake Lodging Trust

     15,363        427,245  

Colony Capital, Inc.

     118,819        632,117  

Community Healthcare Trust, Inc.

     6,459        231,814  

CoreCivic, Inc.

     38,443        747,716  

CorEnergy Infrastructure Trust, Inc.(a)

     5,795        212,966  

CorePoint Lodging, Inc.

     15,394        171,951  

CoreSite Realty Corp.

     6,434        688,567  

Corporate Office Properties Trust

     22,768        621,566  

Cousins Properties, Inc.

     56,714        547,857  

Crown Castle International Corp.

     57,908        7,412,224  

CubeSmart

     27,860        892,634  

CyrusOne, Inc.

     13,063        685,024  

DiamondRock Hospitality Co.

     45,895        497,043  

Digital Realty Trust, Inc.

     26,367        3,137,673  

Duke Realty Corp.

     41,748        1,276,654  

Easterly Government Properties, Inc.

     17,871        321,857  

EastGroup Properties, Inc.

     4,546        507,515  

EPR Properties

     17,214        1,323,757  

Equity Residential

     41,171        3,101,000  

Essential Properties Realty Trust, Inc.

     16,450        321,104  

Essex Property Trust, Inc.

     6,912        1,999,227  

Extra Space Storage, Inc.

     16,608        1,692,521  

Federal Realty Investment Trust

     8,755        1,206,877  

Four Corners Property Trust, Inc.

     13,268        392,733  

Franklin Street Properties Corp.

     32,253        231,899  

Gaming and Leisure Properties, Inc.

     61,148        2,358,478  

GEO Group, Inc. (The)

     39,731        762,835  

Getty Realty Corp.

     9,049        289,839  

Gladstone Commercial Corp.

     13,014        270,301  

Gladstone Land Corp.

     5,152        65,173  

Global Medical REIT, Inc.

     16,565        162,668  

Global Net Lease, Inc.

     34,036        643,280  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     15,481        396,933  

HCP, Inc.

     68,575        2,146,397  

Healthcare Realty Trust, Inc.

     20,376        654,273  

Healthcare Trust of America, Inc. Class A

     36,256        1,036,559  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Highwoods Properties, Inc.

     18,443      $ 862,764  

Hospitality Properties Trust

     50,420        1,326,550  

Host Hotels & Resorts, Inc.

     122,077        2,307,255  

Hudson Pacific Properties, Inc.

     3,187        109,697  

Independence Realty Trust, Inc.

     30,566        329,807  

Industrial Logistics Properties Trust

     35,404        714,099  

InfraREIT, Inc.

     11,386        238,764  

Iron Mountain, Inc.

     72,630        2,575,460  

iStar, Inc.

     17,575        147,982  

Jernigan Capital, Inc.

     8,802        185,194  

Kimco Realty Corp.

     106,200        1,964,700  

Lamar Advertising Co. Class A

     15,819        1,253,814  

Lexington Realty Trust

     15,555        140,928  

Liberty Property Trust

     19,854        961,331  

Life Storage, Inc.

     7,339        713,865  

LTC Properties, Inc.

     9,230        422,734  

Macerich Co. (The)

     32,998        1,430,463  

Medical Properties Trust, Inc.

     81,339        1,505,585  

Mid-America Apartment Communities, Inc.

     15,419        1,685,759  

Monmouth Real Estate Investment Corp.

     22,307        294,006  

National Health Investors, Inc.

     8,605        675,923  

National Retail Properties, Inc.

     23,815        1,319,113  

National Storage Affiliates Trust

     11,325        322,876  

NexPoint Residential Trust, Inc.

     5,175        198,410  

NorthStar Realty Europe Corp.

     12,174        211,341  

Office Properties Income Trust

     23,924        661,259  

Omega Healthcare Investors, Inc.

     53,099        2,025,727  

One Liberty Properties, Inc.

     4,987        144,623  

Outfront Media, Inc.

     41,180        963,612  

Park Hotels & Resorts, Inc.

     40,666        1,263,899  

Pebblebrook Hotel Trust

     11,204        347,996  

Physicians Realty Trust

     31,658        595,487  

PotlatchDeltic Corp.

     227        8,578  

Preferred Apartment Communities, Inc. Class A

     16,167        239,595  

Prologis, Inc.

     66,786        4,805,253  

PS Business Parks, Inc.

     3,525        552,826  

Public Storage

     24,460        5,326,899  

QTS Realty Trust, Inc. Class A

     1,112        50,029  

Rayonier, Inc.

     4,195        132,226  

Realty Income Corp.

     42,623        3,135,348  

Regency Centers Corp.

     13,929        940,068  

Retail Opportunity Investments Corp.

     22,831        395,890  

Retail Properties of America, Inc. Class A

     2,612        31,840  

RLJ Lodging Trust

     18,925        332,512  

Ryman Hospitality Properties, Inc.

     9,864        811,215  

Sabra Health Care REIT, Inc.

     64,945        1,264,479  

Safehold, Inc.

     2,403        52,409  

Saul Centers, Inc.

     487        25,017  

Senior Housing Properties Trust

     105,965        1,248,268  

Simon Property Group, Inc.

     44,983        8,196,352  

SITE Centers Corp.

     37,789        514,686  

SL Green Realty Corp.

     12,397        1,114,738  

Spirit Realty Capital, Inc.

     7,303        290,148  

STAG Industrial, Inc.

     24,366        722,452  

STORE Capital Corp.

     34,864      1,167,944  

Summit Hotel Properties, Inc.

     33,797        385,624  

Taubman Centers, Inc.

     1,897        100,313  

Tier REIT, Inc.

     10,337        296,258  

UDR, Inc.

     24,008        1,091,404  

UMH Properties, Inc.

     14,371        202,344  

Uniti Group, Inc.(a)

     84,649        947,222  

Universal Health Realty Income Trust

     2,009        152,101  

Urstadt Biddle Properties, Inc. Class A

     2,279        47,039  

Ventas, Inc.

     64,542        4,118,425  

VEREIT, Inc.

     249,488        2,088,215  

VICI Properties, Inc.

     83,461        1,826,127  

Vornado Realty Trust

     17,937        1,209,671  

W.P. Carey, Inc.

     34,067        2,668,468  

Washington Prime Group, Inc.

     3,734        21,097  

Weingarten Realty Investors

     8,936        262,450  

Welltower, Inc.

     62,891        4,880,342  

Weyerhaeuser Co.

     152,322        4,012,161  

Whitestone REIT

     17,930        215,519  

Xenia Hotels & Resorts, Inc.

     26,883        589,007  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     137,383,146  
Food & Staples Retailing – 0.0%

 

SpartanNash Co.

     3,304        52,434  

Village Super Market, Inc. Class A

     8        219  
     

 

 

 
Total Food & Staples Retailing

 

     52,653  
Food Products – 2.3%

 

Archer-Daniels-Midland Co.

     49,007        2,113,672  

B&G Foods, Inc.(a)

     17,202        420,073  

Campbell Soup Co.

     39,919        1,522,111  

Flowers Foods, Inc.

     32,691        696,972  

General Mills, Inc.

     111,957        5,793,775  

J.M. Smucker Co. (The)

     14,188        1,652,902  

Kellogg Co.

     46,616        2,674,826  

Kraft Heinz Co. (The)

     227,003        7,411,648  
     

 

 

 
Total Food Products

 

     22,285,979  
Gas Utilities – 0.2%

 

National Fuel Gas Co.

     10,766        656,295  

Northwest Natural Holding Co.

     4,228        277,484  

South Jersey Industries, Inc.

     14,372        460,910  

Spire, Inc.

     6,458        531,429  
     

 

 

 
Total Gas Utilities

 

     1,926,118  
Health Care Providers & Services – 0.2%

 

Cardinal Health, Inc.

     41,573        2,001,740  
Hotels, Restaurants & Leisure – 1.1%

 

Bluegreen Vacations Corp.(a)

     119        1,768  

Brinker International, Inc.

     6,060        268,943  

Dine Brands Global, Inc.

     1,201        109,639  

Las Vegas Sands Corp.

     151,900        9,259,824  

Six Flags Entertainment Corp.

     9,036        445,927  

Wyndham Destinations, Inc.

     12,265        496,610  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     10,582,711  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Household Durables – 0.5%

 

Ethan Allen Interiors, Inc.

     8,433      $ 161,323  

Leggett & Platt, Inc.

     21,627        913,092  

MDC Holdings, Inc.

     12,890        374,584  

Newell Brands, Inc.

     72,242        1,108,192  

Tupperware Brands Corp.

     15,570        398,281  

Whirlpool Corp.

     9,872        1,311,890  
     

 

 

 
Total Household Durables

 

     4,267,362  
Household Products – 3.4%

 

Kimberly-Clark Corp.

     42,114        5,217,925  

Procter & Gamble Co. (The)

     260,166        27,070,272  

Spectrum Brands Holdings, Inc.

     8,946        490,062  
     

 

 

 
Total Household Products

 

     32,778,259  
Independent Power & Renewable Electricity Producers – 0.3%

 

AES Corp.

     77,494        1,401,092  

Clearway Energy, Inc. Class A

     13,995        203,487  

Pattern Energy Group, Inc. Class A

     32,321        711,062  

TerraForm Power, Inc. Class A

     56,334        774,029  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     3,089,670  
Industrial Conglomerates – 2.1%

 

General Electric Co.

     2,040,439        20,383,986  
Insurance – 2.2%

 

CNA Financial Corp.

     32,336        1,401,766  

EMC Insurance Group, Inc.

     4,914        156,658  

Fidelity National Financial, Inc.

     39,537        1,445,077  

First American Financial Corp.

     16,743        862,265  

Mercury General Corp.

     10,648        533,145  

MetLife, Inc.

     151,664        6,456,336  

Old Republic International Corp.

     42,876        896,966  

Principal Financial Group, Inc.

     51,124        2,565,914  

Prudential Financial, Inc.

     64,327        5,910,365  

Safety Insurance Group, Inc.

     2,528        220,290  

Stewart Information Services Corp.

     4,562        194,752  
     

 

 

 
Total Insurance

 

     20,643,534  
Internet & Direct Marketing Retail – 0.0%

 

PetMed Express, Inc.(a)

     7,276        165,747  
IT Services – 3.0%

 

International Business Machines Corp.

     167,578        23,645,256  

Paychex, Inc.

     44,118        3,538,264  

Western Union Co. (The)

     69,784        1,288,910  
     

 

 

 
Total IT Services

 

     28,472,430  
Machinery – 0.3%

 

Briggs & Stratton Corp.

     12,783        151,223  

Cummins, Inc.

     19,838        3,131,825  

NN, Inc.

     3,793        28,409  
     

 

 

 
Total Machinery

 

     3,311,457  
Media – 0.4%

 

Entercom Communications Corp. Class A

     34,298        180,064  

Gannett Co., Inc.

     34,800        366,792  

Interpublic Group of Cos., Inc. (The)

     54,971        1,154,941  

Meredith Corp.

     7,415        409,753  

Omnicom Group, Inc.

     26,037      1,900,441  
     

 

 

 
Total Media

 

     4,011,991  
Metals & Mining – 0.1%

 

Compass Minerals International, Inc.

     9,362        509,012  
Mortgage Real Estate Investment Trusts (REITs) – 0.0%

 

Arlington Asset Investment Corp. Class A(a)

     23,951        190,650  
Multi-Utilities – 3.1%

 

Avista Corp.

     9,619        390,724  

Black Hills Corp.

     7,711        571,154  

CenterPoint Energy, Inc.

     69,573        2,135,891  

Consolidated Edison, Inc.

     39,957        3,388,753  

Dominion Energy, Inc.

     101,094        7,749,866  

DTE Energy Co.

     21,155        2,638,875  

MDU Resources Group, Inc.

     24,653        636,787  

NiSource, Inc.

     40,277        1,154,339  

NorthWestern Corp.

     7,478        526,526  

Public Service Enterprise Group, Inc.

     58,902        3,499,368  

Sempra Energy

     29,735        3,742,447  

Unitil Corp.

     3,206        173,669  

WEC Energy Group, Inc.

     34,081        2,695,125  
     

 

 

 
Total Multi-Utilities

 

     29,303,524  
Multiline Retail – 0.9%

 

Kohl’s Corp.

     24,715        1,699,650  

Macy’s, Inc.

     38,672        929,288  

Nordstrom, Inc.

     19,863        881,520  

Target Corp.

     62,906        5,048,836  
     

 

 

 
Total Multiline Retail

 

     8,559,294  
Oil, Gas & Consumable Fuels – 13.7%

 

Berry Petroleum Corp.

     4,273        49,310  

Chevron Corp.

     265,131        32,658,837  

CVR Energy, Inc.

     32,276        1,329,771  

Evolution Petroleum Corp.

     10,870        73,373  

Exxon Mobil Corp.

     593,916        47,988,413  

Green Plains, Inc.

     7,885        131,522  

Kinder Morgan, Inc.

     388,220        7,768,282  

Marathon Petroleum Corp.

     75,910        4,543,213  

Murphy Oil Corp.

     5,820        170,526  

Occidental Petroleum Corp.

     121,351        8,033,436  

ONEOK, Inc.

     83,412        5,825,494  

PBF Energy, Inc. Class A

     18,407        573,194  

Phillips 66

     60,575        5,764,923  

SemGroup Corp. Class A

     4,518        66,595  

Targa Resources Corp.

     71,442        2,968,415  

Valero Energy Corp.

     66,125        5,609,384  

Williams Cos., Inc. (The)

     249,871        7,176,295  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     130,730,983  
Paper & Forest Products – 0.1%

 

Domtar Corp.

     12,282        609,801  

PH Glatfelter Co.

     3,650        51,538  
     

 

 

 
Total Paper & Forest Products

 

     661,339  

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. High Dividend Fund (DHS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Personal Products – 0.2%

 

Coty, Inc. Class A(a)

     192,423      $ 2,212,864  

Natural Health Trends Corp.(a)

     2,003        25,959  
     

 

 

 
Total Personal Products

 

     2,238,823  
Pharmaceuticals – 3.7%

 

Bristol-Myers Squibb Co.

     177,339        8,460,844  

Pfizer, Inc.

     621,077        26,377,140  
     

 

 

 
Total Pharmaceuticals

 

     34,837,984  
Professional Services – 0.0%

 

Resources Connection, Inc.

     5,383        89,035  
Real Estate Management & Development – 0.1%

 

Kennedy-Wilson Holdings, Inc.

     26,322        563,028  

Newmark Group, Inc. Class A

     16,415        136,901  
     

 

 

 
Total Real Estate Management & Development

 

     699,929  
Road & Rail – 0.1%

 

Ryder System, Inc.

     9,968        617,916  
Semiconductors & Semiconductor Equipment – 2.8%

 

Cypress Semiconductor Corp.

     50,813        758,130  

KLA-Tencor Corp.

     15,641        1,867,692  

Maxim Integrated Products, Inc.

     35,531        1,889,183  

NVE Corp.

     1,650        161,519  

QUALCOMM, Inc.

     176,978        10,093,055  

Texas Instruments, Inc.

     110,955        11,768,997  

Xperi Corp.

     9,488        222,019  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     26,760,595  
Specialty Retail – 0.8%

 

Abercrombie & Fitch Co. Class A

     14,634        401,118  

Barnes & Noble, Inc.

     25,798        140,083  

Bed Bath & Beyond, Inc.

     33,933        576,522  

Buckle, Inc. (The)

     10,435        195,343  

Cato Corp. (The) Class A

     12,587        188,553  

Chico’s FAS, Inc.

     38,931        166,236  

Designer Brands, Inc.

     14,676        326,101  

GameStop Corp. Class A

     37,195        377,901  

Gap, Inc. (The)

     52,167        1,365,732  

Guess?, Inc.

     4,614        90,435  

Haverty Furniture Cos., Inc.

     4,424        96,797  

L Brands, Inc.

     78,014        2,151,626  

Office Depot, Inc.

     81,381        295,413  

Penske Automotive Group, Inc.

     13,539        604,516  

Tile Shop Holdings, Inc.

     11,235        63,590  

Williams-Sonoma, Inc.(a)

     2,144        120,643  
     

 

 

 
Total Specialty Retail

 

     7,160,609  
Technology Hardware, Storage & Peripherals – 0.9%

 

Hewlett Packard Enterprise Co.

     169,658        2,617,823  

HP, Inc.

     165,560        3,216,831  

Western Digital Corp.

     54,599        2,624,028  

Xerox Corp.

     13,613        435,343  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     8,894,025  
Textiles, Apparel & Luxury Goods – 0.3%

 

Hanesbrands, Inc.

     62,644        1,120,075  

Tapestry, Inc.

     42,149      1,369,421  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     2,489,496  
Thrifts & Mortgage Finance – 0.4%

 

Dime Community Bancshares, Inc.

     9,379        175,669  

New York Community Bancorp, Inc.

     76,988        890,751  

Northwest Bancshares, Inc.

     19,826        336,447  

Oritani Financial Corp.

     16,707        277,837  

Provident Financial Services, Inc.

     12,046        311,871  

Territorial Bancorp, Inc.

     579        15,581  

TFS Financial Corp.

     67,348        1,109,222  

TrustCo Bank Corp.

     25,749        199,812  

United Financial Bancorp, Inc.

     11,305        162,227  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     3,479,417  
Tobacco – 5.3%

 

Altria Group, Inc.

     401,339        23,048,899  

Philip Morris International, Inc.

     302,219        26,713,138  

Universal Corp.

     5,756        331,718  

Vector Group Ltd.

     80,808        871,918  
     

 

 

 
Total Tobacco

 

     50,965,673  
Trading Companies & Distributors – 0.1%

 

H&E Equipment Services, Inc.

     8,437        211,853  

Watsco, Inc.

     5,492        786,509  
     

 

 

 
Total Trading Companies & Distributors

 

     998,362  
Transportation Infrastructure – 0.1%

 

Macquarie Infrastructure Corp.

     18,437        759,973  

TOTAL COMMON STOCKS

(Cost: $904,423,510)

 

 

     944,404,544  
EXCHANGE-TRADED FUND – 0.7%      
United States – 0.7%      
WisdomTree U.S. Total Dividend Fund(a)(b) (Cost: $6,382,419)      73,466        6,952,088  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%

 

United States – 0.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

(Cost: $2,952,420)(d)

     2,952,420        2,952,420  

TOTAL INVESTMENTS IN SECURITIES – 100.1%

(Cost: $913,758,349)

 

 

     954,309,052  

Other Assets less Liabilities – (0.1)%

 

     (1,033,354
     

 

 

 
NET ASSETS – 100.0%

 

   $ 953,275,698  
(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,014,863 and the total market value of the collateral held by the Fund was $3,086,591. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $134,171.

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.5%      
United States – 99.5%      
Aerospace & Defense – 2.9%      

Boeing Co. (The)

     52,301      $ 19,948,647  

General Dynamics Corp.

     28,781        4,872,048  

Harris Corp.

     9,822        1,568,672  

L3 Technologies, Inc.

     6,022        1,242,760  

Lockheed Martin Corp.

     37,580        11,280,013  

Northrop Grumman Corp.

     14,076        3,794,890  

Raytheon Co.

     25,770        4,692,201  

Textron, Inc.

     1,767        89,516  

United Technologies Corp.

     87,589        11,289,346  
     

 

 

 
Total Aerospace & Defense

 

     58,778,093  
Air Freight & Logistics – 0.8%

 

C.H. Robinson Worldwide, Inc.

     12,517        1,088,854  

Expeditors International of Washington, Inc.

     4,032        306,029  

FedEx Corp.

     13,896        2,520,873  

United Parcel Service, Inc. Class B

     109,689        12,256,649  
     

 

 

 
Total Air Freight & Logistics

 

     16,172,405  
Airlines – 0.3%

 

American Airlines Group, Inc.

     24,306        771,959  

Delta Air Lines, Inc.

     69,239        3,576,194  

Southwest Airlines Co.

     34,205        1,775,581  
     

 

 

 
Total Airlines

 

     6,123,734  
Automobiles – 1.0%

 

Ford Motor Co.

     1,098,516        9,644,971  

General Motors Co.

     264,811        9,824,488  
     

 

 

 
Total Automobiles

 

     19,469,459  
Banks – 8.6%

 

Bank of America Corp.

     1,028,143        28,366,465  

BB&T Corp.

     120,238        5,594,674  

Citigroup, Inc.

     332,760        20,704,327  

Citizens Financial Group, Inc.

     77,668        2,524,210  

Comerica, Inc.

     26,621        1,951,852  

Fifth Third Bancorp

     89,021        2,245,110  

First Republic Bank

     1,430        143,658  

Huntington Bancshares, Inc.

     185,675        2,354,359  

JPMorgan Chase & Co.

     452,584        45,815,078  

KeyCorp

     172,676        2,719,647  

M&T Bank Corp.

     15,245        2,393,770  

PNC Financial Services Group, Inc. (The)

     61,508        7,544,571  

Regions Financial Corp.

     154,619        2,187,859  

SunTrust Banks, Inc.

     77,305        4,580,321  

U.S. Bancorp

     212,740        10,251,941  

Wells Fargo & Co.

     735,904        35,558,881  
     

 

 

 
Total Banks

 

     174,936,723  
Beverages – 2.9%

 

Brown-Forman Corp. Class B

     10,621        560,576  

Coca-Cola Co. (The)

     575,066        26,947,593  

Constellation Brands, Inc. Class A

     11,125        1,950,546  

Keurig Dr Pepper, Inc.

     121,513        3,398,719  

Molson Coors Brewing Co. Class B

     25,004        1,491,489  

PepsiCo, Inc.

     196,637      24,097,864  
     

 

 

 
Total Beverages

 

     58,446,787  
Biotechnology – 2.6%

 

AbbVie, Inc.

     314,500        25,345,555  

Amgen, Inc.

     75,329        14,311,003  

Gilead Sciences, Inc.

     193,659        12,589,772  
     

 

 

 
Total Biotechnology

 

     52,246,330  
Capital Markets – 3.0%

 

Ameriprise Financial, Inc.

     17,775        2,276,978  

Bank of New York Mellon Corp. (The)

     101,054        5,096,153  

BlackRock, Inc.

     20,930        8,944,854  

Charles Schwab Corp. (The)

     77,625        3,319,245  

CME Group, Inc.

     23,667        3,895,115  

E*TRADE Financial Corp.

     14,320        664,878  

Franklin Resources, Inc.

     70,012        2,320,198  

Goldman Sachs Group, Inc. (The)

     30,306        5,818,449  

Intercontinental Exchange, Inc.

     31,798        2,421,100  

Moody’s Corp.

     9,982        1,807,640  

Morgan Stanley

     225,670        9,523,274  

MSCI, Inc.

     3,179        632,112  

Nasdaq, Inc.

     13,920        1,217,861  

Northern Trust Corp.

     21,647        1,957,105  

S&P Global, Inc.

     13,882        2,922,855  

State Street Corp.

     50,347        3,313,336  

T. Rowe Price Group, Inc.

     27,212        2,724,465  

TD Ameritrade Holding Corp.

     57,272        2,863,027  
     

 

 

 
Total Capital Markets

 

     61,718,645  
Chemicals – 1.5%

 

Air Products & Chemicals, Inc.

     27,573        5,265,340  

Celanese Corp.

     14,009        1,381,428  

DowDuPont, Inc.

     284,012        15,140,680  

Ecolab, Inc.

     14,086        2,486,742  

International Flavors & Fragrances, Inc.

     11,129        1,433,304  

Mosaic Co. (The)

     184        5,025  

PPG Industries, Inc.

     21,408        2,416,321  

Sherwin-Williams Co. (The)

     3,571        1,538,065  
     

 

 

 
Total Chemicals

 

     29,666,905  
Commercial Services & Supplies – 0.4%

 

Cintas Corp.

     5,542        1,120,094  

Republic Services, Inc.

     30,270        2,433,102  

Rollins, Inc.

     5,152        214,426  

Waste Management, Inc.

     39,011        4,053,633  
     

 

 

 
Total Commercial Services & Supplies

 

     7,821,255  
Communications Equipment – 1.6%

 

Cisco Systems, Inc.

     554,170        29,919,638  

Motorola Solutions, Inc.

     14,002        1,966,161  
     

 

 

 
Total Communications Equipment

 

     31,885,799  
Construction Materials – 0.0%

 

Vulcan Materials Co.

     2,543        301,091  
Consumer Finance – 0.8%

 

American Express Co.

     55,446        6,060,248  

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2019

 

 

 

Investments    Shares      Value  

Capital One Financial Corp.

     43,373      $ 3,543,140  

Discover Financial Services

     30,870        2,196,709  

Synchrony Financial

     114,043        3,637,972  
     

 

 

 
Total Consumer Finance

 

     15,438,069  
Containers & Packaging – 0.2%

 

Ball Corp.

     13,764        796,385  

International Paper Co.

     82,508        3,817,645  
     

 

 

 
Total Containers & Packaging

 

     4,614,030  
Distributors – 0.1%

 

Genuine Parts Co.

     14,309        1,603,037  
Diversified Telecommunication Services – 5.6%

 

AT&T, Inc.

     2,030,427        63,674,191  

CenturyLink, Inc.

     537,740        6,447,502  

Verizon Communications, Inc.

     743,929        43,988,522  
     

 

 

 
Total Diversified Telecommunication Services

 

     114,110,215  
Electric Utilities – 3.4%

 

American Electric Power Co., Inc.

     72,491        6,071,121  

Avangrid, Inc.

     47,087        2,370,831  

Duke Energy Corp.

     125,796        11,321,640  

Edison International

     51,397        3,182,502  

Entergy Corp.

     33,309        3,185,340  

Evergy, Inc.

     28,662        1,663,829  

Eversource Energy

     41,682        2,957,338  

Exelon Corp.

     124,294        6,230,858  

FirstEnergy Corp.

     74,550        3,102,026  

NextEra Energy, Inc.

     50,742        9,809,443  

PPL Corp.

     153,991        4,887,674  

Southern Co. (The)

     210,163        10,861,224  

Xcel Energy, Inc.

     65,980        3,708,736  
     

 

 

 
Total Electric Utilities

 

     69,352,562  
Electrical Equipment – 0.4%

 

AMETEK, Inc.

     7,461        619,039  

Emerson Electric Co.

     80,679        5,524,091  

Rockwell Automation, Inc.

     13,879        2,435,210  
     

 

 

 
Total Electrical Equipment

 

     8,578,340  
Electronic Equipment, Instruments & Components – 0.2%

 

Amphenol Corp. Class A

     15,684        1,481,197  

CDW Corp.

     4,186        403,405  

Corning, Inc.

     78,243        2,589,843  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     4,474,445  
Energy Equipment & Services – 0.1%

 

Halliburton Co.

     94,519        2,769,407  
Entertainment – 0.7%

 

Activision Blizzard, Inc.

     26,968        1,227,853  

Walt Disney Co. (The)

     112,131        12,449,905  
     

 

 

 
Total Entertainment

 

     13,677,758  
Equity Real Estate Investment Trusts (REITs) – 4.2%

 

Alexandria Real Estate Equities, Inc.

     12,770        1,820,491  

American Tower Corp.

     36,744        7,240,773  

AvalonBay Communities, Inc.

     16,404        3,292,775  

Boston Properties, Inc.

     21,467      2,874,002  

Crown Castle International Corp.

     70,963        9,083,264  

Digital Realty Trust, Inc.

     32,572        3,876,068  

Equinix, Inc.

     8,533        3,866,814  

Equity Residential

     42,986        3,237,706  

Essex Property Trust, Inc.

     8,435        2,439,739  

HCP, Inc.

     108,442        3,394,235  

Host Hotels & Resorts, Inc.

     147,139        2,780,927  

Prologis, Inc.

     82,250        5,917,888  

Public Storage

     27,248        5,934,069  

Realty Income Corp.

     52,984        3,897,503  

Simon Property Group, Inc.

     55,520        10,116,299  

Ventas, Inc.

     71,000        4,530,510  

Vornado Realty Trust

     24,283        1,637,646  

Welltower, Inc.

     74,952        5,816,275  

Weyerhaeuser Co.

     178,097        4,691,075  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     86,448,059  
Food & Staples Retailing – 2.1%

 

Costco Wholesale Corp.

     21,388        5,178,890  

Kroger Co. (The)

     51,391        1,264,219  

Sysco Corp.

     55,450        3,701,842  

Walgreens Boots Alliance, Inc.

     85,871        5,433,058  

Walmart, Inc.

     281,391        27,444,064  
     

 

 

 
Total Food & Staples Retailing

 

     43,022,073  
Food Products – 1.9%

 

Archer-Daniels-Midland Co.

     62,962        2,715,551  

Conagra Brands, Inc.

     64,935        1,801,297  

General Mills, Inc.

     122,683        6,348,845  

Hershey Co. (The)

     18,697        2,146,977  

Hormel Foods Corp.

     46,934        2,100,766  

Kellogg Co.

     56,493        3,241,568  

Kraft Heinz Co. (The)

     264,464        8,634,750  

McCormick & Co., Inc. Non-Voting Shares

     9,018        1,358,381  

Mondelez International, Inc. Class A

     151,579        7,566,824  

Tyson Foods, Inc. Class A

     33,684        2,338,680  
     

 

 

 
Total Food Products

 

     38,253,639  
Health Care Equipment & Supplies – 1.2%

 

Abbott Laboratories

     120,698        9,648,598  

Baxter International, Inc.

     26,889        2,186,344  

Becton, Dickinson and Co.

     14,115        3,524,939  

Danaher Corp.

     20,195        2,666,144  

ResMed, Inc.

     9,573        995,305  

Stryker Corp.

     19,082        3,769,077  

Zimmer Biomet Holdings, Inc.

     8,041        1,026,836  
     

 

 

 
Total Health Care Equipment & Supplies

 

     23,817,243  
Health Care Providers & Services – 1.6%

 

AmerisourceBergen Corp.

     18,810        1,495,771  

Anthem, Inc.

     12,644        3,628,575  

Cardinal Health, Inc.

     40,551        1,952,531  

Cigna Corp.

     351        56,448  

CVS Health Corp.

     147,579        7,958,936  

HCA Healthcare, Inc.

     13,093        1,707,065  

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2019

 

 

 

Investments    Shares      Value  

Humana, Inc.

     4,280      $ 1,138,480  

McKesson Corp.

     11,923        1,395,706  

UnitedHealth Group, Inc.

     56,173        13,889,336  
     

 

 

 
Total Health Care Providers & Services

 

     33,222,848  
Hotels, Restaurants & Leisure – 2.2%

 

Darden Restaurants, Inc.

     11,529        1,400,428  

Hilton Worldwide Holdings, Inc.

     12,923        1,074,030  

Las Vegas Sands Corp.

     177,686        10,831,739  

Marriott International, Inc. Class A

     22,140        2,769,493  

McDonald’s Corp.

     83,845        15,922,165  

MGM Resorts International

     47,814        1,226,907  

Starbucks Corp.

     118,934        8,841,554  

Yum! Brands, Inc.

     22,877        2,283,353  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     44,349,669  
Household Durables – 0.0%

 

D.R. Horton, Inc.

     23,961        991,506  

Lennar Corp. Class A

     150        7,364  
     

 

 

 
Total Household Durables

 

     998,870  
Household Products – 2.4%

 

Church & Dwight Co., Inc.

     13,653        972,503  

Clorox Co. (The)

     13,824        2,218,199  

Colgate-Palmolive Co.

     95,655        6,556,194  

Kimberly-Clark Corp.

     46,829        5,802,113  

Procter & Gamble Co. (The)

     315,948        32,874,389  
     

 

 

 
Total Household Products

 

     48,423,398  
Industrial Conglomerates – 2.5%

 

3M Co.

     68,724        14,279,473  

General Electric Co.

     2,240,098        22,378,579  

Honeywell International, Inc.

     76,860        12,214,591  

Roper Technologies, Inc.

     3,654        1,249,558  
     

 

 

 
Total Industrial Conglomerates

 

     50,122,201  
Insurance – 2.4%

 

Aflac, Inc.

     76,450        3,822,500  

Allstate Corp. (The)

     36,311        3,419,770  

American International Group, Inc.

     133,709        5,757,509  

Arthur J. Gallagher & Co.

     13,847        1,081,451  

Cincinnati Financial Corp.

     13,608        1,168,927  

CNA Financial Corp.

     33,630        1,457,860  

Hartford Financial Services Group, Inc. (The)

     48,648        2,418,779  

Lincoln National Corp.

     28,669        1,682,870  

Loews Corp.

     148        7,094  

Marsh & McLennan Cos., Inc.

     44,759        4,202,870  

MetLife, Inc.

     186,287        7,930,238  

Principal Financial Group, Inc.

     51,088        2,564,107  

Progressive Corp. (The)

     47,887        3,452,174  

Prudential Financial, Inc.

     72,133        6,627,580  

Travelers Cos., Inc. (The)

     29,580        4,057,193  
     

 

 

 
Total Insurance

 

     49,650,922  
Internet & Direct Marketing Retail – 0.0%

 

Expedia Group, Inc.

     6,641        790,279  
IT Services – 3.0%

 

Automatic Data Processing, Inc.

     44,927      7,176,639  

Cognizant Technology Solutions Corp. Class A

     31,843        2,307,025  

DXC Technology Co.

     13,458        865,484  

Fidelity National Information Services, Inc.

     18,378        2,078,552  

International Business Machines Corp.

     203,649        28,734,874  

MasterCard, Inc. Class A

     23,156        5,452,080  

Paychex, Inc.

     52,243        4,189,889  

Total System Services, Inc.

     6,135        582,886  

Visa, Inc. Class A

     56,697        8,855,505  
     

 

 

 
Total IT Services

 

     60,242,934  
Life Sciences Tools & Services – 0.1%

 

Agilent Technologies, Inc.

     14,478        1,163,742  

Thermo Fisher Scientific, Inc.

     5,724        1,566,773  
     

 

 

 
Total Life Sciences Tools & Services

 

     2,730,515  
Machinery – 1.6%

 

Caterpillar, Inc.

     69,408        9,404,090  

Cummins, Inc.

     23,746        3,748,781  

Deere & Co.

     25,479        4,072,563  

Dover Corp.

     17,760        1,665,888  

Fortive Corp.

     6,991        586,475  

Illinois Tool Works, Inc.

     44,391        6,371,440  

PACCAR, Inc.

     36,479        2,485,679  

Parker-Hannifin Corp.

     11,918        2,045,367  

Stanley Black & Decker, Inc.

     14,544        1,980,457  

Xylem, Inc.

     4,024        318,057  
     

 

 

 
Total Machinery

 

     32,678,797  
Media – 1.0%

 

CBS Corp. Class B Non-Voting Shares

     22,080        1,049,463  

Comcast Corp. Class A

     407,882        16,307,122  

Fox Corp. Class A*

     12,496        458,728  

Fox Corp. Class B*

     9,809        351,947  

Omnicom Group, Inc.

     25,202        1,839,494  

Sirius XM Holdings, Inc.

     150,667        854,282  
     

 

 

 
Total Media

 

     20,861,036  
Metals & Mining – 0.2%

 

Freeport-McMoRan, Inc.

     81,167        1,046,242  

Newmont Mining Corp.

     36,579        1,308,431  

Nucor Corp.

     40,151        2,342,811  
     

 

 

 
Total Metals & Mining

 

     4,697,484  
Multi-Utilities – 1.7%

 

Ameren Corp.

     30,945        2,276,005  

CenterPoint Energy, Inc.

     83,851        2,574,226  

CMS Energy Corp.

     33,650        1,868,921  

Consolidated Edison, Inc.

     48,061        4,076,053  

Dominion Energy, Inc.

     120,717        9,254,165  

DTE Energy Co.

     25,232        3,147,440  

Public Service Enterprise Group, Inc.

     72,801        4,325,107  

Sempra Energy

     36,108        4,544,553  

WEC Energy Group, Inc.

     42,366        3,350,303  
     

 

 

 
Total Multi-Utilities

 

     35,416,773  

 

See Notes to Financial Statements.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2019

 

 

 

Investments    Shares      Value  
Multiline Retail – 0.4%

 

Dollar General Corp.

     13,351      $ 1,592,775  

Target Corp.

     78,851        6,328,581  
     

 

 

 
Total Multiline Retail

 

     7,921,356  
Oil, Gas & Consumable Fuels – 8.4%

 

Anadarko Petroleum Corp.

     43,522        1,979,381  

Apache Corp.

     47,079        1,631,758  

Chevron Corp.

     316,525        38,989,549  

ConocoPhillips

     87,234        5,821,997  

Devon Energy Corp.

     31,636        998,432  

EOG Resources, Inc.

     23,716        2,257,289  

Exxon Mobil Corp.

     782,686        63,241,029  

Hess Corp.

     17,904        1,078,358  

Kinder Morgan, Inc.

     474,561        9,495,966  

Marathon Oil Corp.

     24,805        414,491  

Marathon Petroleum Corp.

     93,365        5,587,895  

Occidental Petroleum Corp.

     148,431        9,826,132  

ONEOK, Inc.

     102,870        7,184,441  

Phillips 66

     74,248        7,066,182  

Pioneer Natural Resources Co.

     3,060        465,977  

Valero Energy Corp.

     81,255        6,892,862  

Williams Cos., Inc. (The)

     287,954        8,270,039  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     171,201,778  
Personal Products – 0.1%

 

Estee Lauder Cos., Inc. (The) Class A

     12,682        2,099,505  
Pharmaceuticals – 6.2%

 

Bristol-Myers Squibb Co.

     216,181        10,313,996  

Eli Lilly & Co.

     92,146        11,956,865  

Johnson & Johnson

     305,165        42,659,015  

Merck & Co., Inc.

     320,147        26,626,626  

Pfizer, Inc.

     766,469        32,551,938  

Zoetis, Inc.

     12,215        1,229,684  
     

 

 

 
Total Pharmaceuticals

 

     125,338,124  
Road & Rail – 1.0%

 

CSX Corp.

     50,934        3,810,882  

Norfolk Southern Corp.

     24,894        4,652,440  

Union Pacific Corp.

     71,508        11,956,137  
     

 

 

 
Total Road & Rail

 

     20,419,459  
Semiconductors & Semiconductor Equipment – 4.4%

 

Analog Devices, Inc.

     36,668        3,860,040  

Applied Materials, Inc.

     90,927        3,606,165  

Broadcom, Inc.

     46,617        14,018,198  

Intel Corp.

     489,640        26,293,668  

KLA-Tencor Corp.

     21,253        2,537,821  

Lam Research Corp.

     18,643        3,337,283  

Maxim Integrated Products, Inc.

     44,510        2,366,597  

Microchip Technology, Inc.(a)

     22,529        1,869,006  

NVIDIA Corp.

     12,602        2,262,815  

QUALCOMM, Inc.

     215,135        12,269,149  

Skyworks Solutions, Inc.

     14,560        1,200,909  

Texas Instruments, Inc.

     135,161        14,336,527  

Xilinx, Inc.

     19,550        2,478,745  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     90,436,923  
Software – 4.2%

 

Citrix Systems, Inc.

     9,054      902,322  

Intuit, Inc.

     11,242        2,938,771  

Microsoft Corp.

     571,273        67,375,938  

Oracle Corp.

     257,737        13,843,054  

Symantec Corp.

     19,795        455,087  
     

 

 

 
Total Software

 

     85,515,172  
Specialty Retail – 2.0%

 

Best Buy Co., Inc.

     40,970        2,911,328  

Home Depot, Inc. (The)

     115,685        22,198,795  

Lowe’s Cos., Inc.

     72,585        7,945,880  

Ross Stores, Inc.

     18,281        1,701,961  

TJX Cos., Inc. (The)

     94,773        5,042,871  
     

 

 

 
Total Specialty Retail

 

     39,800,835  
Technology Hardware, Storage & Peripherals – 3.9%

 

Apple, Inc.

     354,605        67,357,219  

Hewlett Packard Enterprise Co.

     187,432        2,892,076  

HP, Inc.

     204,144        3,966,518  

NetApp, Inc.

     30,903        2,142,814  

Western Digital Corp.

     53,784        2,584,859  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     78,943,486  
Textiles, Apparel & Luxury Goods – 0.5%

 

NIKE, Inc. Class B

     68,223        5,745,059  

VF Corp.

     47,213        4,103,282  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     9,848,341  
Tobacco – 2.9%

 

Altria Group, Inc.

     476,427        27,361,203  

Philip Morris International, Inc.

     366,831        32,424,192  
     

 

 

 
Total Tobacco

 

     59,785,395  
Trading Companies & Distributors – 0.2%

 

Fastenal Co.

     36,726        2,361,849  

W.W. Grainger, Inc.

     3,257        980,129  
     

 

 

 
Total Trading Companies & Distributors

 

     3,341,978  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     16,082        1,676,709  

TOTAL COMMON STOCKS

(Cost: $1,673,906,444)

 

 

     2,024,240,890  
EXCHANGE-TRADED FUND – 0.4%

 

United States – 0.4%

 

WisdomTree U.S. Total Dividend Fund(a)(b) (Cost: $6,939,614)      76,179        7,208,819  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%

 

United States – 0.0%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $561,537)(d)      561,537        561,537  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $1,681,407,595)

 

 

     2,032,011,246  

Other Assets less Liabilities – 0.1%

 

     2,954,103  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,034,965,349  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. LargeCap Dividend Fund (DLN)

March 31, 2019

 

 

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,231,329 and the total market value of the collateral held by the Fund was $2,247,579. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $1,686,042.

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 2.8%      

Arconic, Inc.

     5,985      $ 114,373  

Boeing Co. (The)

     4,933        1,881,545  

General Dynamics Corp.

     3,424        579,615  

Harris Corp.

     946        151,086  

HEICO Corp.

     488        46,297  

Huntington Ingalls Industries, Inc.

     665        137,788  

L3 Technologies, Inc.

     730        150,650  

Lockheed Martin Corp.

     3,152        946,104  

Northrop Grumman Corp.

     2,077        559,959  

Raytheon Co.

     2,832        515,650  

Spirit AeroSystems Holdings, Inc. Class A

     1,415        129,515  

Teledyne Technologies, Inc.*

     256        60,675  

Textron, Inc.

     4,076        206,490  

TransDigm Group, Inc.*

     415        188,406  

United Technologies Corp.

     8,723        1,124,307  
     

 

 

 
Total Aerospace & Defense               6,792,460  
Air Freight & Logistics – 0.8%      

C.H. Robinson Worldwide, Inc.

     1,302        113,261  

Expeditors International of Washington, Inc.

     1,485        112,711  

FedEx Corp.

     3,360        609,538  

United Parcel Service, Inc. Class B

     9,487        1,060,077  

XPO Logistics, Inc.*

     1,074        57,717  
     

 

 

 
Total Air Freight & Logistics               1,953,304  
Airlines – 0.7%      

Alaska Air Group, Inc.

     1,504        84,405  

American Airlines Group, Inc.

     7,920        251,539  

Delta Air Lines, Inc.

     12,155        627,806  

Southwest Airlines Co.

     8,298        430,749  

United Continental Holdings, Inc.*

     4,236        337,948  
     

 

 

 
Total Airlines               1,732,447  
Auto Components – 0.2%      

BorgWarner, Inc.

     4,076        156,559  

Lear Corp.

     1,681        228,129  
     

 

 

 
Total Auto Components               384,688  
Automobiles – 1.1%      

Ford Motor Co.

     131,392        1,153,622  

General Motors Co.

     42,160        1,564,136  
     

 

 

 
Total Automobiles               2,717,758  
Banks – 9.4%      

Bank of America Corp.

     178,198        4,916,483  

BB&T Corp.

     11,408        530,814  

Citigroup, Inc.

     53,283        3,315,268  

Citizens Financial Group, Inc.

     9,477        308,003  

Comerica, Inc.

     2,919        214,021  

Fifth Third Bancorp

     14,817        373,685  

First Republic Bank

     1,645        165,257  

Huntington Bancshares, Inc.

     18,955        240,349  

JPMorgan Chase & Co.

     53,645        5,430,483  

KeyCorp

     19,972        314,559  

M&T Bank Corp.

     1,946      305,561  

PNC Financial Services Group, Inc. (The)

     7,050        864,753  

Regions Financial Corp.

     20,042        283,594  

SunTrust Banks, Inc.

     8,606        509,906  

SVB Financial Group*

     822        182,780  

U.S. Bancorp

     23,494        1,132,176  

Wells Fargo & Co.

     67,538        3,263,436  

Zions Bancorp NA

     3,359        152,532  
     

 

 

 
Total Banks               22,503,660  
Beverages – 1.5%      

Brown-Forman Corp. Class B

     2,950        155,701  

Coca-Cola Co. (The)

     24,654        1,155,286  

Constellation Brands, Inc. Class A

     2,950        517,224  

Molson Coors Brewing Co. Class B

     3,503        208,954  

Monster Beverage Corp.*

     3,358        183,280  

PepsiCo, Inc.

     12,051        1,476,850  
     

 

 

 
Total Beverages               3,697,295  
Biotechnology – 2.6%      

AbbVie, Inc.

     15,870        1,278,963  

Alexion Pharmaceuticals, Inc.*

     326        44,069  

Amgen, Inc.

     7,833        1,488,113  

Biogen, Inc.*

     2,496        590,005  

Celgene Corp.*

     11,113        1,048,401  

Gilead Sciences, Inc.

     19,540        1,270,295  

Regeneron Pharmaceuticals, Inc.*

     1,007        413,494  

Vertex Pharmaceuticals, Inc.*

     665        122,327  
     

 

 

 
Total Biotechnology               6,255,667  
Building Products – 0.1%      

A.O. Smith Corp.

     1,782        95,016  

Lennox International, Inc.

     320        84,608  

Masco Corp.

     3,609        141,870  
     

 

 

 
Total Building Products               321,494  
Capital Markets – 4.4%      

Ameriprise Financial, Inc.

     3,304        423,242  

Bank of New York Mellon Corp. (The)

     13,191        665,222  

BlackRock, Inc.

     2,089        892,776  

CBOE Global Markets, Inc.

     597        56,978  

Charles Schwab Corp. (The)

     13,346        570,675  

CME Group, Inc.

     1,851        304,638  

E*TRADE Financial Corp.

     3,763        174,716  

FactSet Research Systems, Inc.

     251        62,316  

Franklin Resources, Inc.

     9,737        322,684  

Goldman Sachs Group, Inc. (The)

     10,227        1,963,482  

Interactive Brokers Group, Inc. Class A

     1,014        52,606  

Intercontinental Exchange, Inc.

     4,292        326,793  

KKR & Co., Inc. Class A

     15,876        372,927  

MarketAxess Holdings, Inc.

     127        31,252  

Moody’s Corp.

     1,584        286,847  

Morgan Stanley

     38,598        1,628,836  

MSCI, Inc.

     579        115,128  

Nasdaq, Inc.

     1,494        130,710  

Northern Trust Corp.

     2,828        255,679  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Raymond James Financial, Inc.

     2,288      $ 183,978  

S&P Global, Inc.

     2,083        438,576  

SEI Investments Co.

     1,754        91,646  

State Street Corp.

     7,402        487,126  

T. Rowe Price Group, Inc.

     3,733        373,748  

TD Ameritrade Holding Corp.

     5,151        257,498  
     

 

 

 
Total Capital Markets               10,470,079  
Chemicals – 1.0%      

Air Products & Chemicals, Inc.

     1,865        356,140  

Albemarle Corp.

     1,511        123,872  

Celanese Corp.

     2,737        269,896  

CF Industries Holdings, Inc.

     752        30,742  

DowDuPont, Inc.

     3,852        205,350  

Eastman Chemical Co.

     3,027        229,689  

Ecolab, Inc.

     1,734        306,120  

FMC Corp.

     1,333        102,401  

International Flavors & Fragrances, Inc.

     570        73,410  

Livent Corp.*

     1,245        15,289  

PPG Industries, Inc.

     2,436        274,951  

RPM International, Inc.

     845        49,044  

Sherwin-Williams Co. (The)

     623        268,332  

Westlake Chemical Corp.

     3,050        206,973  
     

 

 

 
Total Chemicals               2,512,209  
Commercial Services & Supplies – 0.4%      

Cintas Corp.

     713        144,104  

Copart, Inc.*

     1,682        101,912  

Republic Services, Inc.

     2,295        184,472  

Rollins, Inc.

     1,183        49,237  

Waste Management, Inc.

     3,548        368,673  
     

 

 

 
Total Commercial Services & Supplies               848,398  
Communications Equipment – 1.2%      

Arista Networks, Inc.*

     519        163,205  

Cisco Systems, Inc.

     44,963        2,427,552  

F5 Networks, Inc.*

     532        83,487  

Juniper Networks, Inc.

     2,830        74,910  

Motorola Solutions, Inc.

     1,192        167,381  

Ubiquiti Networks, Inc.

     506        75,753  
     

 

 

 
Total Communications Equipment               2,992,288  
Construction & Engineering – 0.0%      

Jacobs Engineering Group, Inc.

     791        59,475  
Construction Materials – 0.1%

 

Martin Marietta Materials, Inc.

     486        97,773  

Vulcan Materials Co.

     739        87,498  
     

 

 

 
Total Construction Materials               185,271  
Consumer Finance – 1.5%      

Ally Financial, Inc.

     10,126        278,364  

American Express Co.

     10,609        1,159,564  

Capital One Financial Corp.

     12,575        1,027,252  

Discover Financial Services

     7,416        527,722  

Synchrony Financial

     19,150        610,885  
     

 

 

 
Total Consumer Finance               3,603,787  
Containers & Packaging – 0.3%      

Avery Dennison Corp.

     929      104,977  

Ball Corp.

     2,004        115,952  

International Paper Co.

     6,230        288,262  

Packaging Corp. of America

     1,256        124,821  

WestRock Co.

     3,214        123,257  
     

 

 

 
Total Containers & Packaging               757,269  
Distributors – 0.1%      

Genuine Parts Co.

     1,453        162,779  

LKQ Corp.*

     3,847        109,178  
     

 

 

 
Total Distributors               271,957  
Diversified Consumer Services – 0.0%      

Service Corp. International

     1,359        54,564  
Diversified Financial Services – 2.6%

 

Berkshire Hathaway, Inc. Class B*

     30,538        6,134,779  
Diversified Telecommunication Services – 2.4%

 

AT&T, Inc.

     84,432        2,647,788  

CenturyLink, Inc.

     5,854        70,189  

Verizon Communications, Inc.

     49,351        2,918,125  
     

 

 

 
Total Diversified Telecommunication Services               5,636,102  
Electric Utilities – 1.9%      

Alliant Energy Corp.

     2,033        95,815  

American Electric Power Co., Inc.

     4,337        363,224  

Avangrid, Inc.

     313        15,760  

Duke Energy Corp.

     6,251        562,590  

Edison International

     2,736        169,413  

Entergy Corp.

     1,966        188,009  

Evergy, Inc.

     1,636        94,970  

Eversource Energy

     2,713        192,487  

Exelon Corp.

     9,391        470,771  

NextEra Energy, Inc.

     6,067        1,172,872  

Pinnacle West Capital Corp.

     1,044        99,785  

PPL Corp.

     10,601        336,476  

Southern Co. (The)

     8,401        434,164  

Xcel Energy, Inc.

     4,309        242,209  
     

 

 

 
Total Electric Utilities               4,438,545  
Electrical Equipment – 0.3%      

AMETEK, Inc.

     1,812        150,342  

Emerson Electric Co.

     6,040        413,559  

Rockwell Automation, Inc.

     1,214        213,008  
     

 

 

 
Total Electrical Equipment               776,909  
Electronic Equipment, Instruments & Components – 0.3%

 

  

Amphenol Corp. Class A

     2,560        241,766  

CDW Corp.

     1,259        121,330  

Corning, Inc.

     7,131        236,036  

Keysight Technologies, Inc.*

     202        17,614  

Trimble, Inc.*

     1,289        52,076  

Zebra Technologies Corp. Class A*

     396        82,974  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     751,796  
Energy Equipment & Services – 0.1%      

Halliburton Co.

     5,838        171,053  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Entertainment – 1.4%

 

Activision Blizzard, Inc.

     4,939      $ 224,873  

Electronic Arts, Inc.*

     2,673        271,657  

Netflix, Inc.*

     844        300,937  

Take-Two Interactive Software, Inc.*

     341        32,180  

Viacom, Inc. Class B

     9,743        273,486  

Walt Disney Co. (The)

     19,453        2,159,866  
     

 

 

 
Total Entertainment               3,262,999  
Equity Real Estate Investment Trusts (REITs) – 1.4%

 

  

Alexandria Real Estate Equities, Inc.

     612        87,247  

American Tower Corp.

     1,256        247,507  

AvalonBay Communities, Inc.

     799        160,383  

Boston Properties, Inc.

     773        103,489  

Camden Property Trust

     415        42,123  

Crown Castle International Corp.

     742        94,976  

Digital Realty Trust, Inc.

     427        50,813  

Duke Realty Corp.

     2,354        71,985  

Equinix, Inc.

     145        65,708  

Equity LifeStyle Properties, Inc.

     368        42,062  

Equity Residential

     1,733        130,530  

Essex Property Trust, Inc.

     269        77,806  

Extra Space Storage, Inc.

     934        95,184  

Federal Realty Investment Trust

     333        45,904  

HCP, Inc.

     1,293        40,471  

Host Hotels & Resorts, Inc.

     8,751        165,394  

Iron Mountain, Inc.

     1,324        46,949  

Mid-America Apartment Communities, Inc.

     490        53,572  

Prologis, Inc.

     3,761        270,604  

Public Storage

     1,158        252,189  

Realty Income Corp.

     954        70,176  

Regency Centers Corp.

     684        46,163  

SBA Communications Corp.*

     44        8,785  

Simon Property Group, Inc.

     2,271        413,799  

SL Green Realty Corp.

     620        55,750  

Sun Communities, Inc.

     150        17,778  

UDR, Inc.

     857        38,959  

Ventas, Inc.

     2,050        130,811  

VICI Properties, Inc.

     3,202        70,060  

Vornado Realty Trust

     944        63,663  

W.P. Carey, Inc.

     715        56,006  

Welltower, Inc.

     1,437        111,511  

Weyerhaeuser Co.

     8,264        217,674  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)               3,446,031  
Food & Staples Retailing – 1.3%      

Costco Wholesale Corp.

     2,747        665,158  

Kroger Co. (The)

     17,542        431,533  

Sysco Corp.

     4,367        291,541  

Walgreens Boots Alliance, Inc.

     11,632        735,957  

Walmart, Inc.

     9,083        885,865  
     

 

 

 
Total Food & Staples Retailing               3,010,054  
Food Products – 1.5%      

Archer-Daniels-Midland Co.

     7,567        326,365  

Campbell Soup Co.

     909        34,660  

Conagra Brands, Inc.

     4,743      131,571  

General Mills, Inc.

     7,755        401,321  

Hershey Co. (The)

     1,741        199,919  

Hormel Foods Corp.

     3,884        173,848  

J.M. Smucker Co. (The)

     1,218        141,897  

Kellogg Co.

     5,293        303,712  

Kraft Heinz Co. (The)

     14,721        480,641  

Lamb Weston Holdings, Inc.

     1,008        75,539  

McCormick & Co., Inc. Non-Voting Shares

     716        107,851  

Mondelez International, Inc. Class A

     14,236        710,661  

Tyson Foods, Inc. Class A

     6,623        459,835  
     

 

 

 
Total Food Products               3,547,820  
Gas Utilities – 0.1%      

Atmos Energy Corp.

     841        86,564  

UGI Corp.

     1,745        96,708  
     

 

 

 
Total Gas Utilities               183,272  
Health Care Equipment & Supplies – 1.4%      

Abbott Laboratories

     5,917        473,005  

ABIOMED, Inc.*

     113        32,272  

Align Technology, Inc.*

     320        90,986  

Baxter International, Inc.

     3,470        282,146  

Becton, Dickinson and Co.

     629        157,080  

Boston Scientific Corp.*

     6,632        254,536  

Cooper Cos., Inc. (The)

     247        73,154  

Danaher Corp.

     4,962        655,083  

DexCom, Inc.*

     42        5,002  

Edwards Lifesciences Corp.*

     1,155        220,986  

IDEXX Laboratories, Inc.*

     368        82,285  

Intuitive Surgical, Inc.*

     424        241,926  

ResMed, Inc.

     775        80,577  

Stryker Corp.

     2,356        465,357  

Teleflex, Inc.

     139        42,000  

Varian Medical Systems, Inc.*

     564        79,930  

West Pharmaceutical Services, Inc.

     319        35,154  

Zimmer Biomet Holdings, Inc.

     1,310        167,287  
     

 

 

 
Total Health Care Equipment & Supplies               3,438,766  
Health Care Providers & Services – 2.6%      

AmerisourceBergen Corp.

     2,487        197,766  

Anthem, Inc.

     2,256        647,427  

Cardinal Health, Inc.

     2,907        139,972  

Centene Corp.*

     2,200        116,820  

Cigna Corp.

     2,699        434,053  

Covetrus, Inc.*

     508        16,180  

CVS Health Corp.

     13,902        749,735  

DaVita, Inc.*

     1,201        65,202  

HCA Healthcare, Inc.

     4,942        644,338  

Henry Schein, Inc.*

     1,287        77,362  

Humana, Inc.

     966        256,956  

Laboratory Corp. of America Holdings*

     1,233        188,624  

McKesson Corp.

     2,500        292,650  

Molina Healthcare, Inc.*

     391        55,506  

Quest Diagnostics, Inc.

     1,536        138,117  

UnitedHealth Group, Inc.

     7,744        1,914,782  

 

See Notes to Financial Statements.

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Universal Health Services, Inc. Class B

     1,322      $ 176,844  

WellCare Health Plans, Inc.*

     306        82,544  
     

 

 

 
Total Health Care Providers & Services               6,194,878  
Health Care Technology – 0.1%      

Cerner Corp.*

     2,241        128,207  

Veeva Systems, Inc. Class A*

     295        37,424  
     

 

 

 
Total Health Care Technology               165,631  
Hotels, Restaurants & Leisure – 1.7%      

Aramark

     1,939        57,297  

Chipotle Mexican Grill, Inc.*

     83        58,956  

Darden Restaurants, Inc.

     1,022        124,142  

Domino’s Pizza, Inc.

     261        67,364  

Hilton Worldwide Holdings, Inc.

     1,798        149,432  

Las Vegas Sands Corp.

     8,582        523,159  

Marriott International, Inc. Class A

     3,848        481,346  

McDonald’s Corp.

     5,944        1,128,766  

MGM Resorts International

     2,184        56,041  

Starbucks Corp.

     12,974        964,487  

Vail Resorts, Inc.

     246        53,456  

Wynn Resorts Ltd.

     908        108,343  

Yum! Brands, Inc.

     4,031        402,334  
     

 

 

 
Total Hotels, Restaurants & Leisure               4,175,123  
Household Durables – 0.4%      

D.R. Horton, Inc.

     7,959        329,343  

Lennar Corp. Class A

     5,606        275,199  

Mohawk Industries, Inc.*

     1,393        175,727  

NVR, Inc.*

     55        152,185  

Whirlpool Corp.

     1,055        140,199  
     

 

 

 
Total Household Durables               1,072,653  
Household Products – 1.3%      

Church & Dwight Co., Inc.

     1,500        106,845  

Clorox Co. (The)

     879        141,044  

Colgate-Palmolive Co.

     6,811        466,826  

Kimberly-Clark Corp.

     2,544        315,202  

Procter & Gamble Co. (The)

     19,485        2,027,414  
     

 

 

 
Total Household Products               3,057,331  
Independent Power & Renewable Electricity Producers – 0.1%

 

AES Corp.

     10,524        190,274  

Vistra Energy Corp.

     305        7,939  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     198,213  
Industrial Conglomerates – 1.2%      

3M Co.

     5,719        1,188,294  

Honeywell International, Inc.

     9,187        1,459,998  

Roper Technologies, Inc.

     621        212,363  
     

 

 

 
Total Industrial Conglomerates               2,860,655  
Insurance – 3.0%      

Aflac, Inc.

     12,361        618,050  

Alleghany Corp.*

     267        163,511  

Allstate Corp. (The)

     7,347        691,940  

American Financial Group, Inc.

     1,487        143,064  

American International Group, Inc.

     3,192        137,448  

Arthur J. Gallagher & Co.

     1,665      130,037  

Brown & Brown, Inc.

     2,046        60,377  

Cincinnati Financial Corp.

     1,973        169,481  

CNA Financial Corp.

     4,870        211,115  

Fidelity National Financial, Inc.

     4,131        150,988  

Hartford Financial Services Group, Inc. (The)

     7,084        352,216  

Lincoln National Corp.

     5,506        323,202  

Loews Corp.

     4,237        203,079  

Markel Corp.*

     121        120,545  

Marsh & McLennan Cos., Inc.

     4,305        404,240  

MetLife, Inc.

     17,096        727,777  

Principal Financial Group, Inc.

     6,623        332,408  

Progressive Corp. (The)

     8,215        592,219  

Prudential Financial, Inc.

     8,679        797,427  

Reinsurance Group of America, Inc.

     944        134,029  

Torchmark Corp.

     1,582        129,645  

Travelers Cos., Inc. (The)

     3,846        527,517  

W.R. Berkley Corp.

     1,583        134,112  
     

 

 

 
Total Insurance               7,254,427  
Interactive Media & Services – 4.4%      

Alphabet, Inc. Class A*

     4,917        5,786,768  

Facebook, Inc. Class A*

     27,295        4,549,804  

IAC/InterActiveCorp*

     537        112,829  

Match Group, Inc.

     1,807        102,294  

TripAdvisor, Inc.*

     248        12,760  

Twitter, Inc.*

     1,516        49,846  
     

 

 

 
Total Interactive Media & Services               10,614,301  
Internet & Direct Marketing Retail – 1.3%      

Amazon.com, Inc.*

     923        1,643,632  

Booking Holdings, Inc.*

     416        725,883  

eBay, Inc.

     14,443        536,413  

Expedia Group, Inc.

     662        78,778  

Qurate Retail, Inc.*

     7,463        119,259  
     

 

 

 
Total Internet & Direct Marketing Retail               3,103,965  
IT Services – 4.0%      

Akamai Technologies, Inc.*

     733        52,563  

Alliance Data Systems Corp.

     904        158,182  

Automatic Data Processing, Inc.

     2,315        369,798  

Broadridge Financial Solutions, Inc.

     928        96,224  

Cognizant Technology Solutions Corp. Class A

     5,463        395,794  

DXC Technology Co.

     4,055        260,777  

Fidelity National Information Services, Inc.

     1,321        149,405  

First Data Corp. Class A*

     10,661        280,065  

Fiserv, Inc.*

     2,810        248,067  

FleetCor Technologies, Inc.*

     696        171,627  

Gartner, Inc.*

     98        14,865  

Global Payments, Inc.

     789        107,714  

GoDaddy, Inc. Class A*

     96        7,218  

International Business Machines Corp.

     17,043        2,404,767  

Jack Henry & Associates, Inc.

     434        60,213  

Leidos Holdings, Inc.

     1,323        84,791  

MasterCard, Inc. Class A

     5,890        1,386,801  

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Paychex, Inc.

     2,562      $ 205,472  

PayPal Holdings, Inc.*

     4,853        503,936  

Total System Services, Inc.

     1,192        113,252  

VeriSign, Inc.*

     605        109,844  

Visa, Inc. Class A

     13,733        2,144,957  

Western Union Co. (The)

     8,245        152,285  

Worldpay, Inc. Class A*

     493        55,956  
     

 

 

 
Total IT Services               9,534,573  
Leisure Products – 0.0%      

Hasbro, Inc.

     1,213        103,129  
Life Sciences Tools & Services – 0.7%

 

Agilent Technologies, Inc.

     2,265        182,061  

Bio-Rad Laboratories, Inc. Class A*

     871        266,247  

Illumina, Inc.*

     473        146,956  

IQVIA Holdings, Inc.*

     422        60,705  

Mettler-Toledo International, Inc.*

     151        109,173  

PerkinElmer, Inc.

     520        50,107  

Thermo Fisher Scientific, Inc.

     2,196        601,089  

Waters Corp.*

     600        151,026  
     

 

 

 
Total Life Sciences Tools & Services               1,567,364  
Machinery – 1.8%      

Caterpillar, Inc.

     8,492        1,150,581  

Cummins, Inc.

     2,851        450,087  

Deere & Co.

     3,777        603,716  

Dover Corp.

     1,681        157,678  

Fortive Corp.

     2,762        231,704  

IDEX Corp.

     556        84,367  

Illinois Tool Works, Inc.

     3,560        510,967  

PACCAR, Inc.

     6,514        443,864  

Parker-Hannifin Corp.

     1,633        280,255  

Snap-on, Inc.

     792        123,964  

Stanley Black & Decker, Inc.

     1,647        224,272  

Wabtec Corp.

     701        51,678  

Xylem, Inc.

     1,176        92,951  
     

 

 

 
Total Machinery               4,406,084  
Media – 1.8%      

CBS Corp. Class B Non-Voting Shares

     5,716        271,681  

Charter Communications, Inc. Class A*

     681        236,246  

Comcast Corp. Class A

     57,362        2,293,333  

Discovery, Inc. Class A*

     4,695        126,859  

DISH Network Corp. Class A*

     8,264        261,886  

Fox Corp. Class A*

     3,870        142,068  

Interpublic Group of Cos., Inc. (The)

     4,759        99,987  

Liberty Broadband Corp. Class C*

     3,708        340,172  

Liberty Media Corp – Liberty SiriusXM Series C*

     1,820        69,597  

Omnicom Group, Inc.

     3,156        230,356  

Sirius XM Holdings, Inc.

     32,503        184,292  
     

 

 

 
Total Media               4,256,477  
Metals & Mining – 0.5%      

Freeport-McMoRan, Inc.

     47,291        609,581  

Newmont Mining Corp.

     2,116        75,689  

Nucor Corp.

     6,126        357,452  

Steel Dynamics, Inc.

     6,079      214,407  
     

 

 

 
Total Metals & Mining               1,257,129  
Multi-Utilities – 0.8%      

Ameren Corp.

     2,258        166,076  

CenterPoint Energy, Inc.

     2,702        82,951  

CMS Energy Corp.

     2,406        133,629  

Consolidated Edison, Inc.

     2,897        245,695  

Dominion Energy, Inc.

     5,437        416,801  

DTE Energy Co.

     1,768        220,540  

NiSource, Inc.

     504        14,445  

Public Service Enterprise Group, Inc.

     4,625        274,771  

Sempra Energy

     772        97,164  

WEC Energy Group, Inc.

     2,649        209,483  
     

 

 

 
Total Multi-Utilities               1,861,555  
Multiline Retail – 0.7%      

Dollar General Corp.

     2,461        293,597  

Dollar Tree, Inc.*

     2,387        250,731  

Kohl’s Corp.

     2,511        172,682  

Macy’s, Inc.

     6,509        156,411  

Nordstrom, Inc.

     1,864        82,724  

Target Corp.

     7,741        621,293  
     

 

 

 
Total Multiline Retail               1,577,438  
Oil, Gas & Consumable Fuels – 4.8%      

Anadarko Petroleum Corp.

     1,026        46,663  

Apache Corp.

     9,200        318,872  

Cheniere Energy, Inc.*

     1,548        105,821  

Chevron Corp.

     19,347        2,383,163  

Concho Resources, Inc.

     961        106,633  

ConocoPhillips

     14,796        987,485  

Continental Resources, Inc.*

     3,555        159,157  

Diamondback Energy, Inc.

     1,201        121,938  

EOG Resources, Inc.

     4,941        470,284  

Exxon Mobil Corp.

     41,373        3,342,938  

HollyFrontier Corp.

     3,819        188,162  

Kinder Morgan, Inc.

     14,869        297,529  

Marathon Oil Corp.

     8,814        147,282  

Marathon Petroleum Corp.

     7,067        422,960  

Noble Energy, Inc.

     6,789        167,892  

Occidental Petroleum Corp.

     9,237        611,489  

ONEOK, Inc.

     3,131        218,669  

Phillips 66

     7,889        750,796  

Pioneer Natural Resources Co.

     884        134,616  

Valero Energy Corp.

     6,598        559,708  

Williams Cos., Inc. (The)

     2,341        67,234  
     

 

 

 
Total Oil, Gas & Consumable Fuels               11,609,291  
Personal Products – 0.1%      

Estee Lauder Cos., Inc. (The) Class A

     2,152        356,264  
Pharmaceuticals – 3.3%

 

Bristol-Myers Squibb Co.

     14,912        711,452  

Eli Lilly & Co.

     3,815        495,034  

Johnson & Johnson

     21,720        3,036,239  

Merck & Co., Inc.

     13,918        1,157,560  

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Pfizer, Inc.

     52,277      $ 2,220,204  

Zoetis, Inc.

     2,708        272,614  
     

 

 

 
Total Pharmaceuticals               7,893,103  
Professional Services – 0.1%      

CoStar Group, Inc.*

     109        50,840  

Equifax, Inc.

     734        86,979  

TransUnion

     776        51,868  

Verisk Analytics, Inc.

     918        122,094  
     

 

 

 
Total Professional Services               311,781  
Real Estate Management & Development – 0.1%      

CBRE Group, Inc. Class A*

     4,264        210,855  
Road & Rail – 1.2%

 

CSX Corp.

     8,484        634,773  

JB Hunt Transport Services, Inc.

     1,008        102,100  

Kansas City Southern

     1,096        127,114  

Norfolk Southern Corp.

     3,113        581,789  

Old Dominion Freight Line, Inc.

     765        110,458  

Union Pacific Corp.

     7,320        1,223,904  
     

 

 

 
Total Road & Rail               2,780,138  
Semiconductors & Semiconductor Equipment – 5.6%

 

  

Advanced Micro Devices, Inc.*

     2,969        75,769  

Analog Devices, Inc.

     3,202        337,075  

Applied Materials, Inc.

     24,175        958,780  

Broadcom, Inc.

     3,163        951,146  

Intel Corp.

     76,828        4,125,664  

KLA-Tencor Corp.

     2,735        326,586  

Lam Research Corp.

     3,901        698,318  

Maxim Integrated Products, Inc.

     2,538        134,945  

Microchip Technology, Inc.(a)

     1,293        107,267  

Micron Technology, Inc.*

     73,889        3,053,832  

NVIDIA Corp.

     5,640        1,012,718  

ON Semiconductor Corp.*

     5,438        111,860  

Qorvo, Inc.*

     124        8,895  

Skyworks Solutions, Inc.

     3,004        247,770  

Texas Instruments, Inc.

     10,382        1,101,219  

Xilinx, Inc.

     1,651        209,330  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     13,461,174  
Software – 4.5%      

Adobe, Inc.*

     1,972        525,518  

ANSYS, Inc.*

     423        77,286  

Cadence Design Systems, Inc.*

     1,393        88,470  

Citrix Systems, Inc.

     913        90,990  

Fortinet, Inc.*

     422        35,435  

Intuit, Inc.

     1,180        308,464  

Microsoft Corp.

     55,470        6,542,132  

Oracle Corp.

     41,409        2,224,077  

PTC, Inc.*

     66        6,084  

Red Hat, Inc.*

     452        82,580  

salesforce.com, Inc.*

     1,040        164,705  

SS&C Technologies Holdings, Inc.

     540        34,393  

Symantec Corp.

     4,214        96,880  

Synopsys, Inc.*

     668        76,920  

Ultimate Software Group, Inc. (The)*

     30      9,904  

VMware, Inc. Class A

     2,930        528,894  
     

 

 

 
Total Software               10,892,732  
Specialty Retail – 2.4%      

Advance Auto Parts, Inc.

     433        73,840  

AutoZone, Inc.*

     267        273,440  

Best Buy Co., Inc.

     4,489        318,988  

Burlington Stores, Inc.*

     381        59,695  

CarMax, Inc.*

     2,259        157,678  

Gap, Inc. (The)

     6,435        168,468  

Home Depot, Inc. (The)

     11,229        2,154,733  

L Brands, Inc.

     4,060        111,975  

Lowe’s Cos., Inc.

     7,155        783,258  

O’Reilly Automotive, Inc.*

     660        256,278  

Ross Stores, Inc.

     3,471        323,150  

Tiffany & Co.

     1,255        132,465  

TJX Cos., Inc. (The)

     12,259        652,302  

Tractor Supply Co.

     1,057        103,332  

Ulta Salon Cosmetics & Fragrance, Inc.*

     440        153,441  
     

 

 

 
Total Specialty Retail               5,723,043  
Technology Hardware, Storage & Peripherals – 5.8%

 

  

Apple, Inc.

     66,528        12,636,993  

HP, Inc.

     30,604        594,636  

NetApp, Inc.

     3,218        223,136  

Western Digital Corp.

     9,798        470,892  
     

 

 

 
Total Technology Hardware, Storage & Peripherals               13,925,657  
Textiles, Apparel & Luxury Goods – 0.7%      

NIKE, Inc. Class B

     10,212        859,953  

PVH Corp.

     1,271        154,998  

Ralph Lauren Corp.

     783        101,539  

Tapestry, Inc.

     3,648        118,524  

VF Corp.

     3,743        325,304  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               1,560,318  
Tobacco – 1.3%      

Altria Group, Inc.

     25,497        1,464,293  

Philip Morris International, Inc.

     18,104        1,600,212  
     

 

 

 
Total Tobacco               3,064,505  
Trading Companies & Distributors – 0.2%      

Fastenal Co.

     2,401        154,408  

United Rentals, Inc.*

     1,728        197,424  

W.W. Grainger, Inc.

     501        150,766  
     

 

 

 
Total Trading Companies & Distributors               502,598  
Water Utilities – 0.1%      

American Water Works Co., Inc.

     1,121        116,875  
Wireless Telecommunication Services – 0.2%

 

Sprint Corp.*

     9,045        51,104  

T-Mobile U.S., Inc.*

     7,602        525,298  
     

 

 

 
Total Wireless Telecommunication Services

 

     576,402  
TOTAL COMMON STOCKS
(Cost: $205,564,683)
              239,157,858  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. LargeCap Fund (EPS)

March 31, 2019

 

 

 

Investments    Shares      Value  
EXCHANGE-TRADED FUND – 0.2%

 

United States – 0.2%

 

WisdomTree U.S. High Dividend Fund(a)(b)
(Cost: $482,330)
     7,385      $ 535,191  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%

 

United States – 0.1%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $56,980)(d)      56,980        56,980  

TOTAL INVESTMENTS IN SECURITIES – 100.0%

(Cost: $206,103,993)

 

 

     239,750,029  

Other Assets less Liabilities – 0.0%

 

     101,125  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 239,851,154  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $152,284 and the total market value of the collateral held by the Fund was $153,689. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $96,709.

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.3%      
United States – 99.3%      
Aerospace & Defense – 1.1%      

Arconic, Inc.

     466,490      $ 8,914,624  

BWX Technologies, Inc.

     120,474        5,973,101  

Curtiss-Wright Corp.

     21,133        2,395,214  

HEICO Corp.

     2,249        213,363  

HEICO Corp. Class A

     14,254        1,198,191  

Hexcel Corp.

     70,467        4,873,498  

Huntington Ingalls Industries, Inc.

     57,975        12,012,420  

Spirit AeroSystems Holdings, Inc. Class A

     54,387        4,978,042  
     

 

 

 
Total Aerospace & Defense               40,558,453  
Airlines – 0.4%      

Alaska Air Group, Inc.

     200,967        11,278,268  

SkyWest, Inc.

     46,575        2,528,557  
     

 

 

 
Total Airlines               13,806,825  
Auto Components – 1.3%      

BorgWarner, Inc.

     326,530        12,542,017  

Gentex Corp.

     438,145        9,060,839  

Goodyear Tire & Rubber Co. (The)

     567,705        10,303,846  

Lear Corp.

     115,072        15,616,421  
     

 

 

 
Total Auto Components               47,523,123  
Automobiles – 0.7%      

Harley-Davidson, Inc.

     543,887        19,395,010  

Thor Industries, Inc.

     123,031        7,673,444  
     

 

 

 
Total Automobiles               27,068,454  
Banks – 4.3%      

Associated Banc-Corp.

     180,677        3,857,454  

BancorpSouth Bank

     80,861        2,281,897  

Bank of Hawaii Corp.

     43,084        3,398,035  

Bank OZK

     166,941        4,837,950  

BankUnited, Inc.

     94,911        3,170,027  

BOK Financial Corp.

     56,433        4,602,111  

Cathay General Bancorp

     88,087        2,987,030  

Chemical Financial Corp.

     79,710        3,280,864  

CIT Group, Inc.

     86,764        4,162,069  

Columbia Banking System, Inc.

     67,359        2,201,966  

Commerce Bancshares, Inc.

     53,835        3,125,660  

Community Bank System, Inc.

     30,843        1,843,486  

Cullen/Frost Bankers, Inc.

     57,088        5,541,532  

CVB Financial Corp.

     98,767        2,079,045  

East West Bancorp, Inc.

     89,519        4,294,226  

First Citizens BancShares, Inc. Class A

     881        358,743  

First Financial Bankshares, Inc.

     31,208        1,803,198  

First Hawaiian, Inc.

     188,031        4,898,208  

First Horizon National Corp.

     385,670        5,391,667  

FNB Corp.

     517,541        5,485,935  

Fulton Financial Corp.

     178,928        2,769,805  

Glacier Bancorp, Inc.

     54,854        2,198,000  

Hancock Whitney Corp.

     83,865        3,388,146  

Home BancShares, Inc.

     172,469        3,030,280  

Iberiabank Corp.

     42,575        3,053,053  

Investors Bancorp, Inc.

     375,363      4,448,052  

PacWest Bancorp

     293,528        11,039,588  

People’s United Financial, Inc.

     562,062        9,240,299  

Pinnacle Financial Partners, Inc.

     36,239        1,982,273  

Popular, Inc.

     51,239        2,671,089  

Prosperity Bancshares, Inc.

     59,192        4,087,800  

Signature Bank

     34,051        4,360,912  

Sterling Bancorp

     138,033        2,571,555  

Synovus Financial Corp.

     122,642        4,213,979  

TCF Financial Corp.

     146,966        3,040,727  

UMB Financial Corp.

     31,341        2,007,078  

Umpqua Holdings Corp.

     351,015        5,791,747  

United Bankshares, Inc.

     150,544        5,455,715  

Valley National Bancorp

     508,005        4,866,688  

Webster Financial Corp.

     68,478        3,469,780  

Wintrust Financial Corp.

     17,145        1,154,373  

Zions Bancorp NA

     169,426        7,693,635  
     

 

 

 
Total Banks               162,135,677  
Building Products – 1.6%      

A.O. Smith Corp.

     245,339        13,081,476  

Armstrong World Industries, Inc.

     42,819        3,400,685  

Fortune Brands Home & Security, Inc.

     225,943        10,757,146  

Lennox International, Inc.

     37,135        9,818,494  

Masco Corp.

     391,581        15,393,049  

Owens Corning

     171,973        8,103,368  
     

 

 

 
Total Building Products               60,554,218  
Capital Markets – 1.5%      

Affiliated Managers Group, Inc.

     23,601        2,527,903  

BGC Partners, Inc. Class A

     1,215,146        6,452,425  

CBOE Global Markets, Inc.

     43,415        4,143,528  

Eaton Vance Corp.

     151,461        6,105,393  

Evercore, Inc. Class A

     35,029        3,187,639  

FactSet Research Systems, Inc.

     13,069        3,244,641  

Interactive Brokers Group, Inc. Class A

     17,612        913,710  

KKR & Co., Inc. Class A

     408,721        9,600,856  

LPL Financial Holdings, Inc.

     52,224        3,637,402  

MarketAxess Holdings, Inc.

     8,685        2,137,205  

Morningstar, Inc.

     13,671        1,722,409  

Raymond James Financial, Inc.

     82,451        6,629,885  

SEI Investments Co.

     60,583        3,165,462  

Stifel Financial Corp.

     28,690        1,513,684  
     

 

 

 
Total Capital Markets               54,982,142  
Chemicals – 4.6%      

Albemarle Corp.(a)

     131,931        10,815,703  

Ashland Global Holdings, Inc.

     65,225        5,096,029  

CF Industries Holdings, Inc.

     531,622        21,732,707  

Chemours Co. (The)

     482,909        17,944,899  

Eastman Chemical Co.

     342,634        25,999,068  

FMC Corp.

     92,041        7,070,590  

Huntsman Corp.

     672,676        15,128,483  

NewMarket Corp.

     15,379        6,667,719  

Olin Corp.

     531,999        12,310,457  

RPM International, Inc.

     251,947        14,623,004  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2019

 

 

 

Investments    Shares      Value  

Scotts Miracle-Gro Co. (The)

     151,392      $ 11,896,383  

Valvoline, Inc.

     327,437        6,077,231  

W.R. Grace & Co.

     84,389        6,585,718  

Westlake Chemical Corp.

     157,538        10,690,529  
     

 

 

 
Total Chemicals               172,638,520  
Commercial Services & Supplies – 1.0%      

ADT, Inc.(a)

     1,200,608        7,671,885  

Brink’s Co. (The)

     37,238        2,808,118  

Healthcare Services Group, Inc.(a)

     105,636        3,484,932  

KAR Auction Services, Inc.

     295,710        15,172,880  

MSA Safety, Inc.

     53,646        5,546,996  

Tetra Tech, Inc.

     33,443        1,992,868  
     

 

 

 
Total Commercial Services & Supplies               36,677,679  
Communications Equipment – 0.7%      

Juniper Networks, Inc.

     703,950        18,633,556  

Ubiquiti Networks, Inc.

     49,850        7,463,044  
     

 

 

 
Total Communications Equipment               26,096,600  
Construction & Engineering – 0.5%      

EMCOR Group, Inc.

     18,126        1,324,648  

Fluor Corp.

     285,733        10,514,975  

Jacobs Engineering Group, Inc.

     114,106        8,579,630  
     

 

 

 
Total Construction & Engineering               20,419,253  
Construction Materials – 0.4%      

Eagle Materials, Inc.

     27,682        2,333,593  

Martin Marietta Materials, Inc.

     53,718        10,806,987  
     

 

 

 
Total Construction Materials               13,140,580  
Consumer Finance – 0.6%      

Ally Financial, Inc.

     343,127        9,432,561  

FirstCash, Inc.

     15,749        1,362,289  

Santander Consumer USA Holdings, Inc.

     496,726        10,495,820  
     

 

 

 
Total Consumer Finance               21,290,670  
Containers & Packaging – 3.4%      

AptarGroup, Inc.

     76,335        8,121,281  

Avery Dennison Corp.

     154,643        17,474,659  

Bemis Co., Inc.

     189,768        10,528,329  

Graphic Packaging Holding Co.

     680,575        8,595,662  

Packaging Corp. of America

     250,314        24,876,205  

Sealed Air Corp.

     237,453        10,937,085  

Sonoco Products Co.

     229,793        14,139,163  

WestRock Co.

     828,221        31,762,276  
     

 

 

 
Total Containers & Packaging               126,434,660  
Distributors – 0.2%      

Pool Corp.

     38,689        6,382,524  
Diversified Consumer Services – 0.6%      

H&R Block, Inc.

     603,778        14,454,445  

Service Corp. International

     238,845        9,589,627  
     

 

 

 
Total Diversified Consumer Services               24,044,072  
Diversified Financial Services – 0.4%      

AXA Equitable Holdings, Inc.

     501,921        10,108,689  

Jefferies Financial Group, Inc.

     294,603        5,535,590  

Voya Financial, Inc.

     3,782      188,949  
     

 

 

 
Total Diversified Financial Services               15,833,228  
Electric Utilities – 3.4%      

ALLETE, Inc.

     111,232        9,146,607  

Alliant Energy Corp.

     555,298        26,171,195  

Hawaiian Electric Industries, Inc.

     298,100        12,153,537  

IDACORP, Inc.

     101,249        10,078,326  

OGE Energy Corp.

     614,902        26,514,574  

Pinnacle West Capital Corp.

     283,364        27,083,931  

PNM Resources, Inc.

     148,927        7,050,204  

Portland General Electric Co.

     202,508        10,498,015  
     

 

 

 
Total Electric Utilities               128,696,389  
Electrical Equipment – 0.9%      

Acuity Brands, Inc.

     15,384        1,846,234  

EnerSys

     28,983        1,888,532  

GrafTech International Ltd.

     642,271        8,214,646  

Hubbell, Inc.

     141,784        16,727,677  

Regal Beloit Corp.

     47,300        3,872,451  
     

 

 

 
Total Electrical Equipment               32,549,540  
Electronic Equipment, Instruments & Components – 1.3%

 

Avnet, Inc.

     175,418        7,607,879  

Cognex Corp.

     72,462        3,685,417  

Dolby Laboratories, Inc. Class A

     51,976        3,272,929  

FLIR Systems, Inc.

     149,626        7,119,205  

Jabil, Inc.

     193,370        5,141,708  

Littelfuse, Inc.

     20,226        3,690,841  

National Instruments Corp.

     218,220        9,680,239  

SYNNEX Corp.

     74,455        7,102,262  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     47,300,480  
Energy Equipment & Services – 1.9%      

Baker Hughes a GE Co.

     1,366,420        37,877,162  

Helmerich & Payne, Inc.

     419,056        23,282,751  

National Oilwell Varco, Inc.

     234,622        6,250,330  

Patterson-UTI Energy, Inc.

     250,125        3,506,753  
     

 

 

 
Total Energy Equipment & Services               70,916,996  
Entertainment – 0.9%      

Cinemark Holdings, Inc.

     286,879        11,472,291  

Viacom, Inc. Class B

     786,478        22,076,437  

World Wrestling Entertainment, Inc. Class A

     20,251        1,757,382  
     

 

 

 
Total Entertainment               35,306,110  
Equity Real Estate Investment Trusts (REITs) – 15.4%

 

American Campus Communities, Inc.

     184,817        8,793,593  

American Homes 4 Rent Class A

     96,510        2,192,707  

Americold Realty Trust

     126,234        3,851,399  

Apartment Investment & Management Co. Class A

     161,697        8,131,742  

Apple Hospitality REIT, Inc.

     583,548        9,511,832  

Brixmor Property Group, Inc.

     666,625        12,245,901  

Camden Property Trust

     93,827        9,523,441  

Colony Capital, Inc.

     1,190,512        6,333,524  

CoreSite Realty Corp.

     48,086        5,146,164  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2019

 

 

 

Investments    Shares      Value  

Cousins Properties, Inc.

     445,994      $ 4,308,302  

CubeSmart

     216,415        6,933,937  

CyrusOne, Inc.

     102,689        5,385,011  

Douglas Emmett, Inc.

     146,910        5,938,102  

Duke Realty Corp.

     349,923        10,700,645  

EastGroup Properties, Inc.

     32,191        3,593,803  

EPR Properties

     136,056        10,462,706  

Equity LifeStyle Properties, Inc.

     62,804        7,178,497  

Extra Space Storage, Inc.

     147,445        15,026,120  

Federal Realty Investment Trust

     74,562        10,278,372  

First Industrial Realty Trust, Inc.

     93,337        3,300,396  

Gaming and Leisure Properties, Inc.

     531,230        20,489,541  

Healthcare Realty Trust, Inc.

     162,312        5,211,838  

Healthcare Trust of America, Inc. Class A

     300,508        8,591,524  

Highwoods Properties, Inc.

     148,791        6,960,443  

Hospitality Properties Trust

     429,718        11,305,881  

Hudson Pacific Properties, Inc.

     171,013        5,886,267  

Invitation Homes, Inc.

     334,638        8,141,743  

Iron Mountain, Inc.

     630,111        22,343,736  

JBG SMITH Properties

     102,664        4,245,156  

Kilroy Realty Corp.

     85,375        6,485,085  

Kimco Realty Corp.

     934,265        17,283,902  

Lamar Advertising Co. Class A

     135,370        10,729,426  

Liberty Property Trust

     161,468        7,818,281  

Life Storage, Inc.

     66,495        6,467,969  

Macerich Co. (The)

     283,518        12,290,505  

Medical Properties Trust, Inc.

     778,831        14,416,162  

Mid-America Apartment Communities, Inc.

     131,255        14,350,109  

National Health Investors, Inc.

     68,166        5,354,439  

National Retail Properties, Inc.

     227,014        12,574,305  

Omega Healthcare Investors, Inc.

     471,506        17,987,954  

Paramount Group, Inc.

     256,110        3,634,201  

Park Hotels & Resorts, Inc.

     380,349        11,821,247  

Physicians Realty Trust

     307,733        5,788,458  

PS Business Parks, Inc.

     25,078        3,932,983  

Rayonier, Inc.

     146,131        4,606,049  

Regency Centers Corp.

     192,318        12,979,542  

Rexford Industrial Realty, Inc.

     52,934        1,895,567  

RLJ Lodging Trust

     404,119        7,100,371  

Ryman Hospitality Properties, Inc.

     72,877        5,993,404  

Sabra Health Care REIT, Inc.

     532,434        10,366,490  

Senior Housing Properties Trust

     905,714        10,669,311  

SL Green Realty Corp.

     105,945        9,526,574  

Spirit Realty Capital, Inc.

     172,853        6,867,450  

STORE Capital Corp.

     309,246        10,359,741  

Sun Communities, Inc.

     74,438        8,822,392  

Sunstone Hotel Investors, Inc.

     104,147        1,499,717  

Taubman Centers, Inc.

     100,468        5,312,748  

UDR, Inc.

     279,728        12,716,435  

Uniti Group, Inc.(a)

     770,365        8,620,384  

VEREIT, Inc.

     2,159,718        18,076,840  

VICI Properties, Inc.

     696,360        15,236,357  

W.P. Carey, Inc.

     293,241        22,969,568  

Weingarten Realty Investors

     229,070        6,727,786  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     573,294,075  
Food & Staples Retailing – 0.1%      

Casey’s General Stores, Inc.

     24,705      3,181,263  
Food Products – 2.9%      

Campbell Soup Co.

     837,957        31,951,300  

Flowers Foods, Inc.

     614,353        13,098,006  

Ingredion, Inc.

     143,215        13,561,028  

J.M. Smucker Co. (The)

     302,026        35,186,029  

Lamb Weston Holdings, Inc.

     128,815        9,653,396  

Lancaster Colony Corp.

     39,014        6,113,104  
     

 

 

 
Total Food Products               109,562,863  
Gas Utilities – 2.3%      

Atmos Energy Corp.

     200,079        20,594,132  

National Fuel Gas Co.

     199,289        12,148,658  

New Jersey Resources Corp.

     186,780        9,299,776  

ONE Gas, Inc.

     98,181        8,741,054  

Southwest Gas Holdings, Inc.

     103,194        8,488,738  

Spire, Inc.

     121,383        9,988,607  

UGI Corp.

     281,963        15,626,390  
     

 

 

 
Total Gas Utilities               84,887,355  
Health Care Equipment & Supplies – 0.5%

 

Cantel Medical Corp.

     6,428        429,969  

Dentsply Sirona, Inc.

     169,306        8,395,884  

Hill-Rom Holdings, Inc.

     47,884        5,069,000  

West Pharmaceutical Services, Inc.

     32,999        3,636,490  
     

 

 

 
Total Health Care Equipment & Supplies               17,531,343  
Health Care Providers & Services – 1.0%      

Chemed Corp.

     6,005        1,922,020  

Encompass Health Corp.

     141,515        8,264,476  

Quest Diagnostics, Inc.

     268,479        24,141,632  

Universal Health Services, Inc. Class B

     19,335        2,586,443  
     

 

 

 
Total Health Care Providers & Services               36,914,571  
Hotels, Restaurants & Leisure – 4.0%      

Aramark

     259,708        7,674,371  

Choice Hotels International, Inc.

     51,262        3,985,108  

Churchill Downs, Inc.

     24,594        2,219,854  

Cracker Barrel Old Country Store, Inc.

     53,967        8,721,607  

Domino’s Pizza, Inc.

     32,676        8,433,676  

Dunkin’ Brands Group, Inc.

     142,268        10,684,327  

Hyatt Hotels Corp. Class A

     31,852        2,311,500  

Marriott Vacations Worldwide Corp.

     83,966        7,850,821  

Six Flags Entertainment Corp.

     366,023        18,063,235  

Texas Roadhouse, Inc.

     95,510        5,939,767  

Vail Resorts, Inc.

     81,390        17,686,047  

Wendy’s Co. (The)

     367,704        6,578,224  

Wyndham Destinations, Inc.

     332,322        13,455,718  

Wyndham Hotels & Resorts, Inc.

     162,500        8,123,375  

Wynn Resorts Ltd.

     239,834        28,616,993  
     

 

 

 
Total Hotels, Restaurants & Leisure               150,344,623  
Household Durables – 2.2%      

Leggett & Platt, Inc.

     435,414        18,383,179  

Newell Brands, Inc.

     1,528,554        23,448,019  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2019

 

 

 

Investments    Shares      Value  

PulteGroup, Inc.

     308,781      $ 8,633,517  

Toll Brothers, Inc.

     162,626        5,887,061  

Whirlpool Corp.

     204,616        27,191,420  
     

 

 

 
Total Household Durables               83,543,196  
Independent Power & Renewable Electricity Producers – 1.0%

 

AES Corp.

     1,812,820        32,775,786  

NRG Energy, Inc.

     103,473        4,395,533  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     37,171,319  
Industrial Conglomerates – 0.3%      

Carlisle Cos., Inc.

     78,433        9,617,454  
Insurance – 2.2%      

American Equity Investment Life Holding Co.

     22,573        609,923  

American Financial Group, Inc.

     45,592        4,386,406  

American National Insurance Co.

     19,923        2,407,097  

Assurant, Inc.

     50,626        4,804,914  

Brown & Brown, Inc.

     103,122        3,043,130  

CNO Financial Group, Inc.

     142,973        2,313,303  

Erie Indemnity Co. Class A

     40,437        7,218,813  

Fidelity National Financial, Inc.

     326,513        11,934,050  

First American Financial Corp.

     131,091        6,751,187  

Hanover Insurance Group, Inc. (The)

     25,290        2,887,359  

Kemper Corp.

     26,671        2,030,730  

Mercury General Corp.

     78,576        3,934,300  

National General Holdings Corp.

     13,649        323,891  

Old Republic International Corp.

     340,782        7,129,159  

Primerica, Inc.

     10,803        1,319,587  

Reinsurance Group of America, Inc.

     30,861        4,381,645  

RLI Corp.

     12,015        862,076  

Selective Insurance Group, Inc.

     22,160        1,402,285  

Torchmark Corp.

     27,283        2,235,842  

Unum Group

     246,247        8,330,536  

W.R. Berkley Corp.

     30,745        2,604,716  
     

 

 

 
Total Insurance               80,910,949  
IT Services – 3.0%      

Alliance Data Systems Corp.

     56,167        9,828,102  

Booz Allen Hamilton Holding Corp.

     194,259        11,294,218  

Broadridge Financial Solutions, Inc.

     182,466        18,919,900  

Jack Henry & Associates, Inc.

     69,453        9,635,909  

Leidos Holdings, Inc.

     259,423        16,626,420  

MAXIMUS, Inc.

     71,642        5,085,149  

Perspecta, Inc.

     124,866        2,524,791  

Sabre Corp.

     524,318        11,215,162  

Western Union Co. (The)

     1,470,290        27,156,256  
     

 

 

 
Total IT Services               112,285,907  
Leisure Products – 1.2%      

Brunswick Corp.

     125,067        6,294,622  

Hasbro, Inc.

     296,110        25,175,272  

Polaris Industries, Inc.

     147,559        12,458,407  
     

 

 

 
Total Leisure Products               43,928,301  
Life Sciences Tools & Services – 0.3%      

Bio-Techne Corp.

     28,340        5,626,907  

Bruker Corp.

     58,628      2,253,660  

PerkinElmer, Inc.

     35,200        3,391,872  
     

 

 

 
Total Life Sciences Tools & Services               11,272,439  
Machinery – 3.7%      

AGCO Corp.

     68,579        4,769,669  

Allison Transmission Holdings, Inc.

     154,163        6,925,002  

Barnes Group, Inc.

     49,525        2,546,080  

Crane Co.

     86,890        7,352,632  

Donaldson Co., Inc.

     156,873        7,853,062  

Flowserve Corp.

     189,493        8,553,714  

Graco, Inc.

     168,842        8,361,056  

IDEX Corp.

     79,250        12,025,395  

ITT, Inc.

     66,116        3,834,728  

Kennametal, Inc.

     153,475        5,640,206  

Lincoln Electric Holdings, Inc.

     120,798        10,131,328  

Nordson Corp.

     54,572        7,231,881  

Oshkosh Corp.

     96,119        7,221,421  

Snap-on, Inc.

     114,503        17,922,010  

Timken Co. (The)

     185,387        8,086,581  

Toro Co. (The)

     110,700        7,620,588  

Trinity Industries, Inc.

     294,504        6,399,572  

Wabtec Corp.

     43,229        3,186,842  

Woodward, Inc.

     31,465        2,985,714  
     

 

 

 
Total Machinery               138,647,481  
Media – 1.4%      

Cable One, Inc.

     4,927        4,835,259  

Interpublic Group of Cos., Inc. (The)

     1,154,679        24,259,806  

New York Times Co. (The) Class A

     75,620        2,484,117  

News Corp. Class A

     519,277        6,459,806  

Nexstar Media Group, Inc. Class A

     60,474        6,553,567  

Tribune Media Co. Class A

     174,733        8,062,181  
     

 

 

 
Total Media               52,654,736  
Metals & Mining – 1.0%      

Reliance Steel & Aluminum Co.

     150,521        13,586,025  

Royal Gold, Inc.

     69,216        6,293,811  

Steel Dynamics, Inc.

     418,624        14,764,868  

United States Steel Corp.

     143,650        2,799,739  
     

 

 

 
Total Metals & Mining               37,444,443  
Multi-Utilities – 1.7%      

Avista Corp.

     159,064        6,461,180  

Black Hills Corp.

     144,904        10,733,039  

MDU Resources Group, Inc.

     455,889        11,775,613  

NiSource, Inc.

     831,021        23,817,062  

NorthWestern Corp.

     133,484        9,398,608  
     

 

 

 
Total Multi-Utilities               62,185,502  
Multiline Retail – 2.2%      

Kohl’s Corp.

     528,538        36,347,558  

Macy’s, Inc.

     1,203,061        28,909,556  

Nordstrom, Inc.

     398,270        17,675,223  
     

 

 

 
Total Multiline Retail               82,932,337  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2019

 

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 5.1%      

Cabot Oil & Gas Corp.

     412,048      $ 10,754,453  

Cimarex Energy Co.

     81,534        5,699,227  

CVR Energy, Inc.

     665,506        27,418,847  

Delek U.S. Holdings, Inc.

     175,879        6,405,513  

Diamondback Energy, Inc.

     43,335        4,399,803  

EQT Corp.

     141,649        2,937,800  

HollyFrontier Corp.

     350,138        17,251,299  

Murphy Oil Corp.

     498,475        14,605,317  

Noble Energy, Inc.

     771,084        19,068,907  

PBF Energy, Inc. Class A

     342,369        10,661,371  

Peabody Energy Corp.

     150,191        4,254,911  

Range Resources Corp.

     162,133        1,822,375  

Targa Resources Corp.

     1,561,642        64,886,225  
     

 

 

 
Total Oil, Gas & Consumable Fuels               190,166,048  
Paper & Forest Products – 0.2%      

Louisiana-Pacific Corp.

     272,395        6,640,990  
Personal Products – 1.4%      

Coty, Inc. Class A(a)

     4,046,040        46,529,460  

Nu Skin Enterprises, Inc. Class A

     94,065        4,501,951  
     

 

 

 
Total Personal Products               51,031,411  
Professional Services – 1.3%      

Equifax, Inc.

     151,546        17,958,201  

Insperity, Inc.

     25,404        3,141,458  

ManpowerGroup, Inc.

     146,235        12,092,172  

Robert Half International, Inc.

     184,198        12,002,342  

TransUnion

     69,814        4,666,368  
     

 

 

 
Total Professional Services               49,860,541  
Real Estate Management & Development – 0.0%

 

Jones Lang LaSalle, Inc.

     8,074        1,244,849  
Road & Rail – 1.2%      

JB Hunt Transport Services, Inc.

     88,902        9,004,884  

Kansas City Southern

     120,676        13,996,003  

Knight-Swift Transportation Holdings, Inc.

     131,412        4,294,544  

Landstar System, Inc.

     21,677        2,371,247  

Old Dominion Freight Line, Inc.

     26,567        3,836,009  

Ryder System, Inc.

     187,352        11,613,950  
     

 

 

 
Total Road & Rail               45,116,637  
Semiconductors & Semiconductor Equipment – 1.2%

 

Cabot Microelectronics Corp.

     36,242        4,057,654  

Cypress Semiconductor Corp.

     1,002,217        14,953,077  

Entegris, Inc.

     108,575        3,875,042  

MKS Instruments, Inc.

     52,810        4,913,970  

Monolithic Power Systems, Inc.

     34,485        4,672,373  

Teradyne, Inc.

     158,981        6,333,803  

Universal Display Corp.(a)

     10,655        1,628,617  

Versum Materials, Inc.

     96,386        4,849,180  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     45,283,716  
Software – 0.9%      

Blackbaud, Inc.

     31,001        2,471,710  

CDK Global, Inc.

     127,876        7,521,666  

j2 Global, Inc.

     97,484      8,442,114  

LogMeIn, Inc.

     58,066        4,651,087  

Pegasystems, Inc.

     15,531        1,009,515  

SS&C Technologies Holdings, Inc.

     136,653        8,703,430  
     

 

 

 
Total Software               32,799,522  
Specialty Retail – 4.4%      

Aaron’s, Inc.

     15,814        831,816  

American Eagle Outfitters, Inc.

     419,046        9,290,250  

Foot Locker, Inc.

     252,082        15,276,169  

Gap, Inc. (The)

     1,091,227        28,568,323  

L Brands, Inc.

     1,678,118        46,282,494  

Penske Automotive Group, Inc.

     251,449        11,227,198  

Tiffany & Co.

     254,023        26,812,128  

Tractor Supply Co.

     138,052        13,495,964  

Williams-Sonoma, Inc.(a)

     210,116        11,823,227  
     

 

 

 
Total Specialty Retail               163,607,569  
Technology Hardware, Storage & Peripherals – 0.7%

 

Xerox Corp.

     771,912        24,685,746  
Textiles, Apparel & Luxury Goods – 2.2%      

Carter’s, Inc.

     78,683        7,930,459  

Columbia Sportswear Co.

     65,983        6,874,109  

Hanesbrands, Inc.

     1,247,645        22,307,893  

PVH Corp.

     10,116        1,233,646  

Ralph Lauren Corp.

     104,559        13,559,211  

Tapestry, Inc.

     884,704        28,744,033  

Wolverine World Wide, Inc.

     65,989        2,357,787  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               83,007,138  
Thrifts & Mortgage Finance – 0.6%      

New York Community Bancorp, Inc.

     1,184,103        13,700,072  

Radian Group, Inc.

     6,127        127,074  

TFS Financial Corp.

     530,507        8,737,450  
     

 

 

 
Total Thrifts & Mortgage Finance               22,564,596  
Trading Companies & Distributors – 0.9%      

Air Lease Corp.

     132,436        4,549,176  

GATX Corp.

     67,379        5,145,734  

MSC Industrial Direct Co., Inc. Class A

     113,901        9,420,752  

Watsco, Inc.

     111,052        15,903,757  
     

 

 

 
Total Trading Companies & Distributors               35,019,419  
Transportation Infrastructure – 0.7%      

Macquarie Infrastructure Corp.

     666,924        27,490,607  
Water Utilities – 0.3%      

Aqua America, Inc.

     347,022        12,645,482  
Wireless Telecommunication Services – 0.1%

 

Telephone & Data Systems, Inc.

     149,180        4,584,301  
TOTAL COMMON STOCKS
(Cost: $3,322,257,770)
              3,708,414,922  
EXCHANGE-TRADED FUND – 0.5%      
United States – 0.5%      
WisdomTree U.S. LargeCap Dividend Fund(a)(b)
(Cost: $17,242,594)
     199,908        18,835,332  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. MidCap Dividend Fund (DON)

March 31, 2019

 

 

 

Investments    Shares      Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.8%

 

United States – 1.8%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 2.46%(c)

 

  
(Cost: $66,221,701)(d)      66,221,701      $ 66,221,701  
TOTAL INVESTMENTS IN SECURITIES – 101.6%
(Cost: $3,405,722,065)

 

     3,793,471,955  

Other Assets less Liabilities – (1.6)%

        (59,789,268
     

 

 

 
NET ASSETS – 100.0%             $ 3,733,682,687  
(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $69,153,640 and the total market value of the collateral held by the Fund was $70,912,999. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $4,691,298.

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
United States – 99.6%      
Aerospace & Defense – 1.0%      

Aerojet Rocketdyne Holdings, Inc.*

     31,454      $ 1,117,561  

Axon Enterprise, Inc.*

     6,362        346,156  

BWX Technologies, Inc.

     51,742        2,565,368  

Curtiss-Wright Corp.

     23,857        2,703,952  

Hexcel Corp.

     41,504        2,870,417  

Mercury Systems, Inc.*

     5,645        361,732  

Moog, Inc. Class A

     15,311        1,331,291  
     

 

 

 
Total Aerospace & Defense               11,296,477  
Airlines – 0.5%      

Allegiant Travel Co.

     9,335        1,208,602  

JetBlue Airways Corp.*

     64,089        1,048,496  

SkyWest, Inc.

     50,369        2,734,533  

Spirit Airlines, Inc.*

     17,111        904,488  
     

 

 

 
Total Airlines               5,896,119  
Auto Components – 1.4%      

Dorman Products, Inc.*

     13,085        1,152,657  

Fox Factory Holding Corp.*

     9,837        687,508  

Gentex Corp.

     186,251        3,851,671  

Goodyear Tire & Rubber Co. (The)

     342,179        6,210,549  

Visteon Corp.*

     56,509        3,805,881  
     

 

 

 
Total Auto Components               15,708,266  
Automobiles – 0.9%      

Harley-Davidson, Inc.

     151,478        5,401,705  

Thor Industries, Inc.

     76,434        4,767,189  
     

 

 

 
Total Automobiles               10,168,894  
Banks – 9.1%      

Associated Banc-Corp.

     85,765        1,831,083  

BancorpSouth Bank

     46,035        1,299,108  

Bank of Hawaii Corp.

     18,075        1,425,575  

Bank OZK

     108,825        3,153,748  

BankUnited, Inc.

     67,002        2,237,867  

BOK Financial Corp.

     32,213        2,626,970  

Cathay General Bancorp

     44,184        1,498,279  

CenterState Bank Corp.

     35,633        848,422  

Chemical Financial Corp.

     39,829        1,639,362  

CIT Group, Inc.

     70,409        3,377,520  

Columbia Banking System, Inc.

     24,958        815,877  

Commerce Bancshares, Inc.

     41,125        2,387,718  

Community Bank System, Inc.

     15,974        954,766  

Cullen/Frost Bankers, Inc.

     27,502        2,669,619  

CVB Financial Corp.

     40,139        844,926  

East West Bancorp, Inc.

     87,787        4,211,142  

First Citizens BancShares, Inc. Class A

     6,171        2,512,831  

First Financial Bancorp

     32,346        778,245  

First Financial Bankshares, Inc.

     14,131        816,489  

First Hawaiian, Inc.

     68,111        1,774,292  

First Horizon National Corp.

     217,703        3,043,488  

First Interstate BancSystem, Inc. Class A

     25,054        997,650  

First Midwest Bancorp, Inc.

     41,743        854,062  

FNB Corp.

     201,019      2,130,801  

Fulton Financial Corp.

     76,102        1,178,059  

Glacier Bancorp, Inc.

     23,511        942,086  

Great Western Bancorp, Inc.

     30,754        971,519  

Hancock Whitney Corp.

     48,749        1,969,460  

Home BancShares, Inc.

     102,853        1,807,127  

Iberiabank Corp.

     25,131        1,802,144  

Independent Bank Corp.

     9,696        785,473  

International Bancshares Corp.

     34,178        1,299,789  

Investors Bancorp, Inc.

     114,488        1,356,683  

Old National Bancorp

     60,066        985,082  

PacWest Bancorp

     77,823        2,926,923  

People’s United Financial, Inc.

     165,413        2,719,390  

Pinnacle Financial Partners, Inc.

     40,722        2,227,493  

Popular, Inc.

     55,437        2,889,931  

Prosperity Bancshares, Inc.

     29,469        2,035,129  

Renasant Corp.

     25,881        876,072  

Signature Bank

     25,181        3,224,931  

Simmons First National Corp. Class A

     45,943        1,124,685  

South State Corp.

     15,403        1,052,641  

Sterling Bancorp

     116,070        2,162,384  

Synovus Financial Corp.

     70,987        2,439,113  

TCF Financial Corp.

     80,806        1,671,876  

Texas Capital Bancshares, Inc.*

     32,504        1,774,393  

Trustmark Corp.

     29,932        1,006,613  

UMB Financial Corp.

     21,350        1,367,254  

Umpqua Holdings Corp.

     102,248        1,687,092  

Union Bankshares Corp.

     25,538        825,644  

United Bankshares, Inc.

     46,830        1,697,119  

Valley National Bancorp

     141,792        1,358,367  

Webster Financial Corp.

     37,518        1,901,037  

WesBanco, Inc.

     19,966        793,649  

Western Alliance Bancorp*

     63,011        2,585,971  

Wintrust Financial Corp.

     28,164        1,896,282  
     

 

 

 
Total Banks               100,071,251  
Beverages – 0.2%      

Boston Beer Co., Inc. (The) Class A*

     2,547        750,677  

National Beverage Corp.(a)

     17,629        1,017,722  
     

 

 

 
Total Beverages               1,768,399  
Biotechnology – 1.2%      

Emergent BioSolutions, Inc.*

     14,687        741,987  

Exelixis, Inc.*

     155,676        3,705,089  

Genomic Health, Inc.*

     2,264        158,593  

Halozyme Therapeutics, Inc.*

     27,379        440,802  

Ligand Pharmaceuticals, Inc.*

     13,728        1,725,747  

Myriad Genetics, Inc.*

     5,471        181,637  

Repligen Corp.*

     1,949        115,147  

United Therapeutics Corp.*

     50,515        5,928,946  
     

 

 

 
Total Biotechnology               12,997,948  
Building Products – 1.4%      

Armstrong World Industries, Inc.

     22,437        1,781,946  

Fortune Brands Home & Security, Inc.

     95,160        4,530,568  

Owens Corning

     93,273        4,395,024  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Simpson Manufacturing Co., Inc.

     21,755      $ 1,289,419  

Trex Co., Inc.*

     18,848        1,159,529  

USG Corp.

     47,595        2,060,863  
     

 

 

 
Total Building Products               15,217,349  
Capital Markets – 2.2%      

Affiliated Managers Group, Inc.

     32,396        3,469,936  

BGC Partners, Inc. Class A

     229,435        1,218,300  

Eaton Vance Corp.

     69,982        2,820,975  

Evercore, Inc. Class A

     27,594        2,511,054  

Federated Investors, Inc. Class B

     51,085        1,497,301  

Houlihan Lokey, Inc.

     25,032        1,147,717  

Legg Mason, Inc.

     49,156        1,345,400  

LPL Financial Holdings, Inc.

     38,001        2,646,770  

Moelis & Co. Class A

     42,348        1,762,100  

Morningstar, Inc.

     8,784        1,106,696  

Stifel Financial Corp.

     45,457        2,398,311  

Virtu Financial, Inc. Class A

     71,983        1,709,596  
     

 

 

 
Total Capital Markets               23,634,156  
Chemicals – 3.8%      

Ashland Global Holdings, Inc.

     11,015        860,602  

Balchem Corp.

     13,843        1,284,630  

Cabot Corp.

     27,774        1,156,232  

Chemours Co. (The)

     343,571        12,767,098  

H.B. Fuller Co.

     18,961        922,263  

Huntsman Corp.

     424,602        9,549,299  

Ingevity Corp.*

     15,538        1,640,968  

NewMarket Corp.

     4,538        1,967,495  

Olin Corp.

     116,442        2,694,468  

PolyOne Corp.

     49,971        1,464,650  

Quaker Chemical Corp.

     2,884        577,752  

Scotts Miracle-Gro Co. (The)

     21,805        1,713,437  

Sensient Technologies Corp.

     23,054        1,562,831  

Valvoline, Inc.

     112,440        2,086,886  

W.R. Grace & Co.

     16,850        1,314,974  
     

 

 

 
Total Chemicals               41,563,585  
Commercial Services & Supplies – 1.2%      

Advanced Disposal Services, Inc.*

     3,015        84,420  

Brady Corp. Class A

     25,331        1,175,612  

Clean Harbors, Inc.*

     6,624        473,815  

Covanta Holding Corp.

     39,596        685,407  

Deluxe Corp.

     52,784        2,307,716  

Healthcare Services Group, Inc.

     16,290        537,407  

KAR Auction Services, Inc.

     61,429        3,151,922  

MSA Safety, Inc.

     12,859        1,329,621  

Stericycle, Inc.*

     18,850        1,025,817  

Tetra Tech, Inc.

     20,395        1,215,338  

UniFirst Corp.

     9,163        1,406,520  
     

 

 

 
Total Commercial Services & Supplies               13,393,595  
Communications Equipment – 0.6%      

Ciena Corp.*

     26,793        1,000,451  

CommScope Holding Co., Inc.*

     102,524        2,227,846  

EchoStar Corp. Class A*

     18,560        676,512  

InterDigital, Inc.

     17,814      1,175,368  

Lumentum Holdings, Inc.*

     33,064        1,869,438  
     

 

 

 
Total Communications Equipment               6,949,615  
Construction & Engineering – 1.6%      

AECOM*

     27,984        830,285  

EMCOR Group, Inc.

     38,457        2,810,437  

Fluor Corp.

     73,472        2,703,770  

Granite Construction, Inc.

     14,398        621,274  

KBR, Inc.

     149,719        2,858,136  

MasTec, Inc.*

     60,416        2,906,010  

Quanta Services, Inc.

     86,106        3,249,640  

Valmont Industries, Inc.

     9,535        1,240,503  
     

 

 

 
Total Construction & Engineering               17,220,055  
Construction Materials – 0.3%      

Eagle Materials, Inc.

     35,876        3,024,347  
Consumer Finance – 2.0%      

Credit Acceptance Corp.*

     7,855        3,549,910  

FirstCash, Inc.

     11,108        960,842  

Green Dot Corp. Class A*

     8,148        494,176  

Navient Corp.

     279,479        3,233,572  

Nelnet, Inc. Class A

     31,837        1,753,264  

OneMain Holdings, Inc.

     93,954        2,983,040  

Santander Consumer USA Holdings, Inc.

     288,752        6,101,330  

SLM Corp.

     264,330        2,619,510  
     

 

 

 
Total Consumer Finance               21,695,644  
Containers & Packaging – 2.4%      

AptarGroup, Inc.

     19,146        2,036,943  

Bemis Co., Inc.

     36,185        2,007,544  

Berry Global Group, Inc.*

     73,827        3,977,061  

Crown Holdings, Inc.*

     91,869        5,013,291  

Graphic Packaging Holding Co.

     156,923        1,981,937  

Greif, Inc. Class A

     35,790        1,476,338  

Owens-Illinois, Inc.

     68,143        1,293,354  

Sealed Air Corp.

     79,736        3,672,640  

Silgan Holdings, Inc.

     78,336        2,321,096  

Sonoco Products Co.

     45,595        2,805,460  
     

 

 

 
Total Containers & Packaging               26,585,664  
Distributors – 0.2%      

Pool Corp.

     14,008        2,310,900  
Diversified Consumer Services – 1.8%      

Adtalem Global Education, Inc.*

     24,519        1,135,720  

Bright Horizons Family Solutions, Inc.*

     11,174        1,420,327  

Graham Holdings Co. Class B

     3,683        2,516,152  

Grand Canyon Education, Inc.*

     17,705        2,027,400  

H&R Block, Inc.

     248,052        5,938,365  

Laureate Education, Inc. Class A*

     187,036        2,799,929  

ServiceMaster Global Holdings, Inc.*

     55,797        2,605,720  

Weight Watchers International, Inc.*

     36,688        739,263  
     

 

 

 
Total Diversified Consumer Services               19,182,876  
Diversified Financial Services – 0.6%      

Jefferies Financial Group, Inc.

     166,411        3,126,863  

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Voya Financial, Inc.

     62,202      $ 3,107,612  
     

 

 

 
Total Diversified Financial Services               6,234,475  
Diversified Telecommunication Services – 0.2%

 

Cogent Communications Holdings, Inc.

     4,852        263,221  

Vonage Holdings Corp.*

     59,424        596,617  

Zayo Group Holdings, Inc.*

     33,954        964,973  
     

 

 

 
Total Diversified Telecommunication Services

 

     1,824,811  
Electric Utilities – 1.3%      

ALLETE, Inc.

     15,694        1,290,518  

El Paso Electric Co.

     16,954        997,234  

Hawaiian Electric Industries, Inc.

     44,448        1,812,145  

IDACORP, Inc.

     21,302        2,120,401  

MGE Energy, Inc.

     10,916        741,961  

OGE Energy Corp.

     92,350        3,982,132  

PNM Resources, Inc.

     23,680        1,121,011  

Portland General Electric Co.

     39,203        2,032,283  
     

 

 

 
Total Electric Utilities               14,097,685  
Electrical Equipment – 1.7%      

Acuity Brands, Inc.

     23,653        2,838,596  

EnerSys

     24,007        1,564,296  

Generac Holdings, Inc.*

     33,730        1,727,988  

GrafTech International Ltd.

     513,133        6,562,971  

Hubbell, Inc.

     29,710        3,505,186  

Regal Beloit Corp.

     27,480        2,249,788  
     

 

 

 
Total Electrical Equipment               18,448,825  
Electronic Equipment, Instruments & Components – 3.9%

 

Arrow Electronics, Inc.*

     84,383        6,502,554  

Avnet, Inc.

     68,759        2,982,078  

AVX Corp.

     111,215        1,928,468  

Belden, Inc.

     20,708        1,112,020  

Cognex Corp.

     51,377        2,613,034  

Coherent, Inc.*

     22,177        3,142,924  

Dolby Laboratories, Inc. Class A

     32,751        2,062,331  

FLIR Systems, Inc.

     47,019        2,237,164  

II-VI, Inc.*

     27,781        1,034,564  

IPG Photonics Corp.*

     32,155        4,880,486  

Jabil, Inc.

     93,477        2,485,553  

Littelfuse, Inc.

     9,305        1,697,976  

National Instruments Corp.

     27,343        1,212,936  

Rogers Corp.*

     7,036        1,117,880  

SYNNEX Corp.

     33,488        3,194,420  

Tech Data Corp.*

     25,123        2,572,846  

Vishay Intertechnology, Inc.

     136,248        2,516,501  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     43,293,735  
Energy Equipment & Services – 0.3%      

Apergy Corp.*

     24,108        989,874  

Cactus, Inc. Class A*

     18,552        660,451  

Helmerich & Payne, Inc.

     244        13,557  

RPC, Inc.

     148,987        1,699,942  
     

 

 

 
Total Energy Equipment & Services               3,363,824  
Entertainment – 0.3%      

Cinemark Holdings, Inc.

     53,650      2,145,463  

Madison Square Garden Co. (The) Class A*

     267        78,266  

World Wrestling Entertainment, Inc. Class A

     9,602        833,262  

Zynga, Inc. Class A*

     56,815        302,824  
     

 

 

 
Total Entertainment               3,359,815  
Equity Real Estate Investment Trusts (REITs) – 5.9%

 

Acadia Realty Trust

     9,874        269,264  

American Campus Communities, Inc.

     14,894        708,657  

Americold Realty Trust

     11,276        344,031  

Apartment Investment & Management Co. Class A

     3,531        177,574  

Apple Hospitality REIT, Inc.

     64,340        1,048,742  

Brandywine Realty Trust

     38,635        612,751  

Brixmor Property Group, Inc.

     130,614        2,399,379  

Columbia Property Trust, Inc.

     1,025        23,073  

CoreCivic, Inc.

     46,755        909,385  

CoreSite Realty Corp.

     4,542        486,085  

Corporate Office Properties Trust

     17,327        473,027  

Cousins Properties, Inc.

     63,126        609,797  

CubeSmart

     29,492        944,924  

CyrusOne, Inc.

     11,214        588,062  

DiamondRock Hospitality Co.

     37,873        410,165  

Douglas Emmett, Inc.

     20,285        819,920  

EastGroup Properties, Inc.

     5,259        587,115  

Empire State Realty Trust, Inc. Class A

     23,555        372,169  

EPR Properties

     21,425        1,647,582  

Equity Commonwealth

     43,862        1,433,849  

First Industrial Realty Trust, Inc.

     40,082        1,417,300  

Gaming and Leisure Properties, Inc.

     66,633        2,570,035  

GEO Group, Inc. (The)

     42,857        822,854  

Healthcare Realty Trust, Inc.

     2,915        93,601  

Healthcare Trust of America, Inc. Class A

     52,959        1,514,098  

Highwoods Properties, Inc.

     24,948        1,167,067  

Hospitality Properties Trust

     73,587        1,936,074  

Hudson Pacific Properties, Inc.

     22,979        790,937  

JBG SMITH Properties

     2,495        103,168  

Kilroy Realty Corp.

     11,298        858,196  

Kimco Realty Corp.

     153,493        2,839,620  

Lamar Advertising Co. Class A

     25,186        1,996,242  

Liberty Property Trust

     28,269        1,368,785  

Life Storage, Inc.

     8,037        781,759  

Macerich Co. (The)

     12,125        525,619  

Medical Properties Trust, Inc.

     124,991        2,313,583  

National Health Investors, Inc.

     11,649        915,029  

National Retail Properties, Inc.

     34,751        1,924,858  

Omega Healthcare Investors, Inc.

     46,313        1,766,841  

Outfront Media, Inc.

     25,239        590,593  

Park Hotels & Resorts, Inc.

     85,516        2,657,837  

Pebblebrook Hotel Trust

     16,967        526,995  

Physicians Realty Trust

     18,269        343,640  

Piedmont Office Realty Trust, Inc. Class A

     17,937        373,986  

PotlatchDeltic Corp.

     24,560        928,122  

PS Business Parks, Inc.

     6,942        1,088,714  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2019

 

 

 

Investments    Shares      Value  

Rayonier, Inc.

     32,841      $ 1,035,148  

Retail Properties of America, Inc. Class A

     79,889        973,847  

Rexford Industrial Realty, Inc.

     6,914        247,590  

RLJ Lodging Trust

     55,224        970,286  

Ryman Hospitality Properties, Inc.

     10,412        856,283  

Sabra Health Care REIT, Inc.

     125,220        2,438,033  

Senior Housing Properties Trust

     215,359        2,536,929  

Spirit Realty Capital, Inc.

     18,059        717,484  

STAG Industrial, Inc.

     10,376        307,648  

STORE Capital Corp.

     38,763        1,298,561  

Sunstone Hotel Investors, Inc.

     77,037        1,109,333  

Tanger Factory Outlet Centers, Inc.(a)

     13,940        292,461  

Taubman Centers, Inc.

     8,722        461,219  

Terreno Realty Corp.

     7,820        328,753  

Urban Edge Properties

     26,495        503,405  

Weingarten Realty Investors

     92,881        2,727,915  

Xenia Hotels & Resorts, Inc.

     30,826        675,398  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     64,561,397  
Food & Staples Retailing – 0.8%      

BJ’s Wholesale Club Holdings, Inc.*

     37,495        1,027,363  

Casey’s General Stores, Inc.

     10,567        1,360,713  

Performance Food Group Co.*

     35,468        1,405,952  

Sprouts Farmers Market, Inc.*

     60,412        1,301,274  

U.S. Foods Holding Corp.*

     110,596        3,860,906  
     

 

 

 
Total Food & Staples Retailing               8,956,208  
Food Products – 1.8%      

Cal-Maine Foods, Inc.

     32,419        1,446,860  

Darling Ingredients, Inc.*

     32,230        697,779  

Flowers Foods, Inc.

     83,261        1,775,124  

Hain Celestial Group, Inc. (The)*

     15,646        361,736  

Ingredion, Inc.

     43,352        4,105,001  

J&J Snack Foods Corp.

     4,905        779,110  

Lancaster Colony Corp.

     6,403        1,003,286  

Pilgrim’s Pride Corp.*

     182,326        4,064,047  

Post Holdings, Inc.*

     17,580        1,923,252  

Sanderson Farms, Inc.(a)

     12,494        1,647,209  

Seaboard Corp.

     377        1,615,332  

Tootsie Roll Industries, Inc.(a)

     15,580        580,196  
     

 

 

 
Total Food Products               19,998,932  
Gas Utilities – 0.8%      

National Fuel Gas Co.

     45,823        2,793,370  

New Jersey Resources Corp.

     31,190        1,552,950  

ONE Gas, Inc.

     18,027        1,604,944  

Southwest Gas Holdings, Inc.

     21,681        1,783,479  

Spire, Inc.

     18,037        1,484,265  
     

 

 

 
Total Gas Utilities               9,219,008  
Health Care Equipment & Supplies – 0.9%      

Cantel Medical Corp.

     9,343        624,953  

Globus Medical, Inc. Class A*

     31,181        1,540,653  

Haemonetics Corp.*

     2,221        194,293  

Hill-Rom Holdings, Inc.

     21,074        2,230,894  

ICU Medical, Inc.*

     4,122        986,518  

Inogen, Inc.*

     3,329        317,487  

Integer Holdings Corp.*

     4,643      350,175  

Integra LifeSciences Holdings Corp.*

     8,142        453,672  

Masimo Corp.*

     15,482        2,140,851  

Merit Medical Systems, Inc.*

     6,589        407,398  

Neogen Corp.*

     8,661        497,055  

NuVasive, Inc.*

     1,650        93,704  

Quidel Corp.*

     6,683        437,536  
     

 

 

 
Total Health Care Equipment & Supplies               10,275,189  
Health Care Providers & Services – 1.5%      

Acadia Healthcare Co., Inc.*

     60,255        1,766,074  

Amedisys, Inc.*

     7,888        972,275  

AMN Healthcare Services, Inc.*

     21,696        1,021,665  

BioTelemetry, Inc.*

     3,273        204,955  

Chemed Corp.

     6,099        1,952,107  

Encompass Health Corp.

     42,690        2,493,096  

Ensign Group, Inc. (The)

     16,925        866,391  

HealthEquity, Inc.*

     8,815        652,134  

LHC Group, Inc.*

     4,387        486,343  

MEDNAX, Inc.*

     67,574        1,835,985  

Patterson Cos., Inc.

     44,879        980,606  

Select Medical Holdings Corp.*

     78,301        1,103,261  

Tenet Healthcare Corp.*

     67,187        1,937,673  
     

 

 

 
Total Health Care Providers & Services               16,272,565  
Health Care Technology – 0.1%      

HMS Holdings Corp.*

     8,631        255,564  

Medidata Solutions, Inc.*

     6,632        485,728  

Omnicell, Inc.*

     4,105        331,848  
     

 

 

 
Total Health Care Technology               1,073,140  
Hotels, Restaurants & Leisure – 3.5%      

Boyd Gaming Corp.

     42,494        1,162,636  

Caesars Entertainment Corp.*(a)

     91,428        794,509  

Cheesecake Factory, Inc. (The)

     20,134        984,955  

Choice Hotels International, Inc.

     26,809        2,084,132  

Churchill Downs, Inc.

     15,588        1,406,973  

Cracker Barrel Old Country Store, Inc.

     11,565        1,869,020  

Dave & Buster’s Entertainment, Inc.

     22,269        1,110,555  

Dunkin’ Brands Group, Inc.

     29,313        2,201,406  

Eldorado Resorts, Inc.*

     17,873        834,490  

Extended Stay America, Inc.

     113,152        2,031,078  

Hilton Grand Vacations, Inc.*

     71,720        2,212,562  

Hyatt Hotels Corp. Class A

     24,740        1,795,382  

Jack in the Box, Inc.

     14,979        1,214,198  

Marriott Vacations Worldwide Corp.

     4,434        414,579  

Penn National Gaming, Inc.*

     34,738        698,234  

Planet Fitness, Inc. Class A*

     64,853        4,456,698  

Red Rock Resorts, Inc. Class A

     70,500        1,822,425  

SeaWorld Entertainment, Inc.*

     10,137        261,129  

Six Flags Entertainment Corp.

     31,574        1,558,177  

Texas Roadhouse, Inc.

     21,776        1,354,250  

Wendy’s Co. (The)

     245,679        4,395,197  

Wyndham Destinations, Inc.

     47,588        1,926,838  

Wyndham Hotels & Resorts, Inc.

     25,003        1,249,900  
     

 

 

 
Total Hotels, Restaurants & Leisure               37,839,323  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2019

 

 

 

Investments    Shares      Value  
Household Durables – 1.9%      

iRobot Corp.*(a)

     8,202      $ 965,293  

Leggett & Platt, Inc.

     82,349        3,476,775  

PulteGroup, Inc.

     343,674        9,609,125  

Tempur Sealy International, Inc.*

     23,367        1,347,575  

Toll Brothers, Inc.

     163,353        5,913,379  
     

 

 

 
Total Household Durables               21,312,147  
Household Products – 0.3%      

Energizer Holdings, Inc.

     22,040        990,257  

Spectrum Brands Holdings, Inc.

     28,345        1,552,739  

WD-40 Co.

     2,920        494,765  
     

 

 

 
Total Household Products               3,037,761  
Independent Power & Renewable Electricity Producers – 0.2%

 

Clearway Energy, Inc. Class C

     55,835        843,667  

Ormat Technologies, Inc.

     23,181        1,278,432  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     2,122,099  
Industrial Conglomerates – 0.3%      

Carlisle Cos., Inc.

     30,342        3,720,536  
Insurance – 2.9%      

American Equity Investment Life Holding Co.

     97,879        2,644,691  

American National Insurance Co.

     20,290        2,451,438  

Assurant, Inc.

     23,526        2,232,853  

Erie Indemnity Co. Class A

     12,239        2,184,906  

First American Financial Corp.

     65,873        3,392,459  

Genworth Financial, Inc. Class A*

     476,461        1,824,846  

Hanover Insurance Group, Inc. (The)

     17,913        2,045,127  

Kemper Corp.

     19,155        1,458,462  

Mercury General Corp.

     9,800        490,686  

National General Holdings Corp.

     41,367        981,639  

Old Republic International Corp.

     199,732        4,178,393  

Primerica, Inc.

     18,316        2,237,299  

ProAssurance Corp.

     15,053        520,984  

RLI Corp.

     9,314        668,280  

Selective Insurance Group, Inc.

     17,357        1,098,351  

Unum Group

     102,912        3,481,513  
     

 

 

 
Total Insurance               31,891,927  
Interactive Media & Services – 0.2%      

Cargurus, Inc.*

     12,890        516,373  

Yelp, Inc.*

     41,797        1,441,997  
     

 

 

 
Total Interactive Media & Services               1,958,370  
Internet & Direct Marketing Retail – 0.3%      

Etsy, Inc.*

     8,304        558,195  

GrubHub, Inc.*

     11,643        808,839  

Stamps.com, Inc.*

     9,883        804,575  

Stitch Fix, Inc. Class A*(a)

     21,780        614,850  
     

 

 

 
Total Internet & Direct Marketing Retail               2,786,459  
IT Services – 2.3%      

Black Knight, Inc.*

     32,385        1,764,983  

Booz Allen Hamilton Holding Corp.

     62,053        3,607,761  

CACI International, Inc. Class A*

     13,909        2,531,716  

CoreLogic, Inc.*

     36,470        1,358,872  

EPAM Systems, Inc.*

     14,473      2,447,818  

Euronet Worldwide, Inc.*

     18,002        2,566,905  

ManTech International Corp. Class A

     12,899        696,804  

MAXIMUS, Inc.

     28,887        2,050,399  

Perspecta, Inc.

     83,209        1,682,486  

Sabre Corp.

     143,438        3,068,139  

Science Applications International Corp.

     22,863        1,759,308  

WEX, Inc.*

     9,945        1,909,341  
     

 

 

 
Total IT Services               25,444,532  
Leisure Products – 0.5%      

Brunswick Corp.

     40,075        2,016,975  

Polaris Industries, Inc.

     37,314        3,150,421  
     

 

 

 
Total Leisure Products               5,167,396  
Life Sciences Tools & Services – 0.6%      

Bio-Techne Corp.

     5,520        1,095,996  

Bruker Corp.

     49,244        1,892,939  

Charles River Laboratories International, Inc.*

     15,030        2,183,108  

Medpace Holdings, Inc.*

     10,765        634,812  

PRA Health Sciences, Inc.*

     4,346        479,320  

Syneos Health, Inc.*

     831        43,013  
     

 

 

 
Total Life Sciences Tools & Services               6,329,188  
Machinery – 6.1%      

AGCO Corp.

     44,325        3,082,804  

Albany International Corp. Class A

     10,031        718,119  

Allison Transmission Holdings, Inc.

     113,161        5,083,192  

Barnes Group, Inc.

     27,648        1,421,384  

Crane Co.

     35,196        2,978,286  

Donaldson Co., Inc.

     50,048        2,505,403  

Flowserve Corp.

     23,046        1,040,296  

Gardner Denver Holdings, Inc.*

     88,706        2,466,914  

Graco, Inc.

     70,091        3,470,906  

Harsco Corp.*

     39,628        798,900  

Hillenbrand, Inc.

     20,387        846,672  

ITT, Inc.

     45,360        2,630,880  

John Bean Technologies Corp.

     12,120        1,113,707  

Kennametal, Inc.

     56,722        2,084,533  

Lincoln Electric Holdings, Inc.

     28,577        2,396,753  

Middleby Corp. (The)*

     24,176        3,143,605  

Navistar International Corp.*

     99,172        3,203,256  

Nordson Corp.

     26,214        3,473,879  

Oshkosh Corp.

     61,156        4,594,650  

Proto Labs, Inc.*

     5,447        572,698  

RBC Bearings, Inc.*

     6,714        853,819  

Rexnord Corp.*

     6,447        162,078  

Terex Corp.

     50,635        1,626,903  

Timken Co. (The)

     72,127        3,146,180  

Toro Co. (The)

     46,094        3,173,111  

Trinity Industries, Inc.

     72,118        1,567,124  

WABCO Holdings, Inc.*

     44,492        5,865,380  

Watts Water Technologies, Inc. Class A

     15,036        1,215,210  

Woodward, Inc.

     22,288        2,114,908  
     

 

 

 
Total Machinery               67,351,550  

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2019

 

 

 

Investments    Shares      Value  
Marine – 0.1%      

Kirby Corp.*

     8,041      $ 603,959  
Media – 1.9%      

AMC Networks, Inc. Class A*

     71,533        4,060,213  

Cable One, Inc.

     1,577        1,547,636  

John Wiley & Sons, Inc. Class A

     32,996        1,459,083  

New York Times Co. (The) Class A

     29,716        976,171  

Nexstar Media Group, Inc. Class A

     30,687        3,325,550  

Sinclair Broadcast Group, Inc. Class A

     96,025        3,695,042  

TEGNA, Inc.

     222,897        3,142,848  

Tribune Media Co. Class A

     67,613        3,119,664  
     

 

 

 
Total Media               21,326,207  
Metals & Mining – 2.2%      

Allegheny Technologies, Inc.*

     68,001        1,738,785  

Cleveland-Cliffs, Inc.(a)

     553,340        5,527,867  

Commercial Metals Co.

     70,662        1,206,907  

Reliance Steel & Aluminum Co.

     77,634        7,007,245  

United States Steel Corp.

     345,166        6,727,285  

Worthington Industries, Inc.

     41,156        1,535,942  
     

 

 

 
Total Metals & Mining               23,744,031  
Multi-Utilities – 0.6%      

Avista Corp.

     25,159        1,021,958  

Black Hills Corp.

     25,713        1,904,562  

MDU Resources Group, Inc.

     91,147        2,354,327  

NorthWestern Corp.

     24,836        1,748,703  
     

 

 

 
Total Multi-Utilities               7,029,550  
Multiline Retail – 0.1%      

Ollie’s Bargain Outlet Holdings, Inc.*

     15,510        1,323,468  
Oil, Gas & Consumable Fuels – 3.8%      

Centennial Resource Development, Inc. Class A*

     136,319        1,198,244  

Chesapeake Energy Corp.*(a)

     2,061,701        6,391,273  

Cimarex Energy Co.

     74,551        5,211,115  

CNX Resources Corp.*

     25,973        279,729  

CVR Energy, Inc.

     51,546        2,123,695  

Delek U.S. Holdings, Inc.

     67,293        2,450,811  

Magnolia Oil & Gas Corp.*

     40,625        487,500  

Matador Resources Co.*

     86,419        1,670,479  

Murphy Oil Corp.

     47,931        1,404,379  

Parsley Energy, Inc. Class A*

     197,273        3,807,369  

PBF Energy, Inc. Class A

     204,951        6,382,174  

Peabody Energy Corp.

     137,508        3,895,602  

SM Energy Co.

     58,120        1,016,519  

Southwestern Energy Co.*

     1,114,771        5,228,276  
     

 

 

 
Total Oil, Gas & Consumable Fuels               41,547,165  
Paper & Forest Products – 0.7%      

Domtar Corp.

     54,728        2,717,245  

Louisiana-Pacific Corp.

     209,390        5,104,928  
     

 

 

 
Total Paper & Forest Products               7,822,173  
Personal Products – 0.3%      

Edgewell Personal Care Co.*

     32,602        1,430,902  

Nu Skin Enterprises, Inc. Class A

     28,540      1,365,924  

USANA Health Sciences, Inc.*

     8,734        732,521  
     

 

 

 
Total Personal Products               3,529,347  
Pharmaceuticals – 0.8%      

Catalent, Inc.*

     27,516        1,116,874  

Nektar Therapeutics*

     205,041        6,889,378  

Supernus Pharmaceuticals, Inc.*

     27,057        948,077  
     

 

 

 
Total Pharmaceuticals               8,954,329  
Professional Services – 1.7%      

ASGN, Inc.*

     22,524        1,430,049  

Exponent, Inc.

     12,402        715,843  

FTI Consulting, Inc.*

     21,666        1,664,382  

Insperity, Inc.

     11,772        1,455,726  

Korn Ferry

     30,422        1,362,297  

ManpowerGroup, Inc.

     70,006        5,788,796  

Robert Half International, Inc.

     63,976        4,168,676  

TriNet Group, Inc.*

     40,166        2,399,517  
     

 

 

 
Total Professional Services               18,985,286  
Real Estate Management & Development – 0.6%

 

Howard Hughes Corp. (The)*

     3,965        436,150  

Jones Lang LaSalle, Inc.

     22,611        3,486,164  

Kennedy-Wilson Holdings, Inc.

     52,866        1,130,804  

Newmark Group, Inc. Class A

     70,546        588,354  

Realogy Holdings Corp.(a)

     79,636        907,850  
     

 

 

 
Total Real Estate Management & Development

 

     6,549,322  
Road & Rail – 2.1%      

AMERCO

     12,256        4,553,226  

Avis Budget Group, Inc.*

     67,551        2,354,828  

Genesee & Wyoming, Inc. Class A*

     28,840        2,513,118  

Knight-Swift Transportation Holdings, Inc.

     116,370        3,802,972  

Landstar System, Inc.

     22,164        2,424,520  

Ryder System, Inc.

     48,053        2,978,805  

Schneider National, Inc. Class B

     113,411        2,387,301  

Werner Enterprises, Inc.

     44,885        1,532,823  
     

 

 

 
Total Road & Rail               22,547,593  
Semiconductors & Semiconductor Equipment – 2.3%

 

Brooks Automation, Inc.

     20,083        589,034  

Cabot Microelectronics Corp.

     11,985        1,341,841  

Cirrus Logic, Inc.*

     37,002        1,556,674  

Cypress Semiconductor Corp.

     38,663        576,852  

Entegris, Inc.

     67,897        2,423,244  

First Solar, Inc.*

     13,910        735,004  

Integrated Device Technology, Inc.*

     24,339        1,192,368  

MKS Instruments, Inc.

     57,041        5,307,665  

Monolithic Power Systems, Inc.

     7,690        1,041,918  

Semtech Corp.*

     5,571        283,620  

Silicon Laboratories, Inc.*

     9,155        740,273  

Teradyne, Inc.

     106,486        4,242,402  

Universal Display Corp.(a)

     7,794        1,191,313  

Versum Materials, Inc.

     77,009        3,874,323  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     25,096,531  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2019

 

 

 

Investments    Shares      Value  
Software – 1.8%      

ACI Worldwide, Inc.*

     15,349      $ 504,522  

Alarm.com Holdings, Inc.*

     3,622        235,068  

Altair Engineering, Inc. Class A*

     1,236        45,497  

Aspen Technology, Inc.*

     17,004        1,772,837  

Blackbaud, Inc.

     6,454        514,578  

Bottomline Technologies DE, Inc.*

     831        41,625  

CDK Global, Inc.

     70,032        4,119,282  

Ellie Mae, Inc.*

     3,525        347,882  

Envestnet, Inc.*

     3,454        225,857  

Fair Isaac Corp.*

     7,789        2,115,726  

Guidewire Software, Inc.*

     1,057        102,698  

j2 Global, Inc.

     22,667        1,962,962  

LogMeIn, Inc.

     3,534        283,073  

Manhattan Associates, Inc.*

     20,388        1,123,583  

Paycom Software, Inc.*

     8,023        1,517,390  

Paylocity Holding Corp.*

     5,558        495,718  

Pegasystems, Inc.

     2,073        134,745  

Qualys, Inc.*

     6,248        516,960  

RealPage, Inc.*

     6,493        394,060  

Teradata Corp.*

     14,236        621,401  

Trade Desk, Inc. (The) Class A*

     4,335        858,113  

Tyler Technologies, Inc.*

     7,392        1,510,925  

Verint Systems, Inc.*

     8,043        481,454  
     

 

 

 
Total Software               19,925,956  
Specialty Retail – 3.4%      

Aaron’s, Inc.

     20,434        1,074,828  

American Eagle Outfitters, Inc.

     118,824        2,634,328  

AutoNation, Inc.*

     108,781        3,885,657  

Designer Brands, Inc.

     5,011        111,344  

Dick’s Sporting Goods, Inc.

     86,358        3,178,838  

Five Below, Inc.*

     10,895        1,353,704  

Floor & Decor Holdings, Inc. Class A*

     42,571        1,754,777  

Foot Locker, Inc.

     95,344        5,777,846  

Michaels Cos., Inc. (The)*

     216,964        2,477,729  

Monro, Inc.

     9,197        795,725  

Murphy USA, Inc.*

     15,326        1,312,212  

National Vision Holdings, Inc.*

     8,508        267,406  

Penske Automotive Group, Inc.

     102,318        4,568,499  

RH*

     9,635        991,923  

Sally Beauty Holdings, Inc.*

     111,982        2,061,589  

Urban Outfitters, Inc.*

     74,671        2,213,249  

Williams-Sonoma, Inc.

     54,544        3,069,191  
     

 

 

 
Total Specialty Retail               37,528,845  
Technology Hardware, Storage & Peripherals – 0.6%

 

NCR Corp.*

     33,697        919,591  

Xerox Corp.

     174,308        5,574,370  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     6,493,961  
Textiles, Apparel & Luxury Goods – 1.7%      

Carter’s, Inc.

     26,494        2,670,330  

Columbia Sportswear Co.

     25,578        2,664,716  

Deckers Outdoor Corp.*

     11,025        1,620,565  

Hanesbrands, Inc.

     305,901        5,469,510  

Skechers U.S.A., Inc. Class A*

     107,093      3,599,396  

Steven Madden Ltd.

     42,260        1,430,078  

Wolverine World Wide, Inc.

     40,870        1,460,285  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               18,914,880  
Thrifts & Mortgage Finance – 1.4%      

LendingTree, Inc.*(a)

     2,893        1,017,063  

MGIC Investment Corp.*

     397,567        5,243,909  

New York Community Bancorp, Inc.

     240,658        2,784,413  

Radian Group, Inc.

     213,894        4,436,162  

TFS Financial Corp.

     34,702        571,542  

Washington Federal, Inc.

     44,396        1,282,600  
     

 

 

 
Total Thrifts & Mortgage Finance               15,335,689  
Trading Companies & Distributors – 1.9%      

Air Lease Corp.

     130,583        4,485,526  

Applied Industrial Technologies, Inc.

     25,561        1,520,113  

Beacon Roofing Supply, Inc.*

     8,186        263,262  

GATX Corp.

     22,834        1,743,833  

HD Supply Holdings, Inc.*

     77,501        3,359,668  

MSC Industrial Direct Co., Inc. Class A

     32,044        2,650,359  

SiteOne Landscape Supply, Inc.*

     12,720        726,948  

Univar, Inc.*

     101,375        2,246,470  

Watsco, Inc.

     12,992        1,860,584  

WESCO International, Inc.*

     40,011        2,120,983  
     

 

 

 
Total Trading Companies & Distributors               20,977,746  
Transportation Infrastructure – 0.1%      

Macquarie Infrastructure Corp.

     38,169        1,573,326  
Water Utilities – 0.3%      

American States Water Co.

     8,198        584,517  

Aqua America, Inc.

     62,693        2,284,533  

California Water Service Group

     563        30,560  
     

 

 

 
Total Water Utilities               2,899,610  
Wireless Telecommunication Services – 0.2%

 

Shenandoah Telecommunications Co.

     7,171        318,105  

Telephone & Data Systems, Inc.

     31,230        959,698  

United States Cellular Corp.*

     21,327        979,123  
     

 

 

 
Total Wireless Telecommunication Services               2,256,926  
TOTAL COMMON STOCKS
(Cost: $948,319,715)
              1,093,591,937  
EXCHANGE-TRADED FUND – 0.3%      
United States – 0.3%      
WisdomTree U.S. MidCap Dividend Fund(b)
(Cost: $3,800,559)
     111,330        3,984,501  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%      

State Street Navigator Securities Lending
Government Money Market Portfolio, 2.46%(c)

  
(Cost: $1,864,173)(d)      1,864,173        1,864,173  

TOTAL INVESTMENTS IN SECURITIES – 100.1%

(Cost: $953,984,447)

 

 

     1,099,440,611  

Other Assets less Liabilities – (0.1)%

        (1,129,175
     

 

 

 
NET ASSETS – 100.0%             $ 1,098,311,436  

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. MidCap Fund (EZM)

March 31, 2019

 

 

 

*

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $16,770,856 and the total market value of the collateral held by the Fund was $17,209,660. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $15,345,487.

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Table of Contents

Schedule of Investments

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 101.0%

 

United States – 101.0%

 

Airlines – 2.4%

 

JetBlue Airways Corp.*

     57,673      $ 943,530  

Southwest Airlines Co.

     16,995        882,211  

United Continental Holdings, Inc.*

     11,218        894,972  
     

 

 

 
Total Airlines

 

     2,720,713  
Auto Components – 0.4%

 

Gentex Corp.

     24,001        496,341  
Banks – 3.7%

 

Fifth Third Bancorp

     40,922        1,032,053  

First Citizens BancShares, Inc. Class A

     2,815        1,146,268  

First Horizon National Corp.

     79,441        1,110,585  

Signature Bank

     7,255        929,148  
     

 

 

 
Total Banks

 

     4,218,054  
Beverages – 0.9%

 

Keurig Dr Pepper, Inc.

     13,461        376,504  

Molson Coors Brewing Co. Class B

     3,614        215,575  

PepsiCo, Inc.

     3,309        405,518  
     

 

 

 
Total Beverages

 

     997,597  
Biotechnology – 2.0%

 

Biogen, Inc.*

     2,501        591,186  

Celgene Corp.*

     8,818        831,890  

United Therapeutics Corp.*

     7,450        874,407  
     

 

 

 
Total Biotechnology

 

     2,297,483  
Building Products – 1.1%

 

USG Corp.

     28,495        1,233,834  
Capital Markets – 1.1%

 

MarketAxess Holdings, Inc.

     5,180        1,274,694  
Commercial Services & Supplies – 2.5%

 

Republic Services, Inc.

     17,869        1,436,310  

Waste Management, Inc.

     13,945        1,449,025  
     

 

 

 
Total Commercial Services & Supplies

 

     2,885,335  
Communications Equipment – 4.1%

 

Ciena Corp.*

     20,880        779,659  

CommScope Holding Co., Inc.*

     30,111        654,312  

Juniper Networks, Inc.

     48,342        1,279,613  

Motorola Solutions, Inc.

     8,350        1,172,507  

Ubiquiti Networks, Inc.

     5,388        806,637  
     

 

 

 
Total Communications Equipment

 

     4,692,728  
Consumer Finance – 1.5%

 

Santander Consumer USA Holdings, Inc.

     40,813        862,379  

Synchrony Financial

     26,700        851,730  
     

 

 

 
Total Consumer Finance

 

     1,714,109  
Containers & Packaging – 2.8%

 

Bemis Co., Inc.

     20,398        1,131,681  

Berry Global Group, Inc.*

     16,904        910,618  

Sonoco Products Co.

     18,964        1,166,855  
     

 

 

 
Total Containers & Packaging

 

     3,209,154  
Distributors – 0.9%

 

Genuine Parts Co.

     6,083      681,479  

LKQ Corp.*

     13,937        395,532  
     

 

 

 
Total Distributors

 

     1,077,011  
Diversified Consumer Services – 0.3%

 

H&R Block, Inc.

     15,958        382,035  
Diversified Telecommunication Services – 2.3%

 

AT&T, Inc.

     38,944        1,221,284  

Verizon Communications, Inc.

     24,354        1,440,052  
     

 

 

 
Total Diversified Telecommunication Services

 

     2,661,336  
Electric Utilities – 1.7%

 

Alliant Energy Corp.

     2,451        115,516  

American Electric Power Co., Inc.

     1,468        122,945  

Duke Energy Corp.

     1,359        122,310  

Entergy Corp.

     1,354        129,483  

Evergy, Inc.

     2,140        124,227  

Eversource Energy

     1,796        127,426  

Exelon Corp.

     2,687        134,699  

FirstEnergy Corp.

     2,883        119,962  

IDACORP, Inc.

     1,102        109,693  

NextEra Energy, Inc.

     611        118,119  

OGE Energy Corp.

     2,772        119,529  

Pinnacle West Capital Corp.

     1,287        123,011  

Portland General Electric Co.

     2,345        121,565  

PPL Corp.

     3,457        109,725  

Southern Co. (The)

     2,356        121,758  

Xcel Energy, Inc.

     2,124        119,390  
     

 

 

 
Total Electric Utilities

 

     1,939,358  
Electronic Equipment, Instruments & Components – 2.5%

 

CDW Corp.

     11,507        1,108,930  

Keysight Technologies, Inc.*

     11,772        1,026,518  

Zebra Technologies Corp. Class A*

     3,606        755,565  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     2,891,013  
Entertainment – 1.6%

 

Cinemark Holdings, Inc.

     24,877        994,831  

Viacom, Inc. Class B

     30,726        862,479  
     

 

 

 
Total Entertainment

 

     1,857,310  
Equity Real Estate Investment Trusts (REITs) – 3.2%

 

American Campus Communities, Inc.

     2,391        113,764  

American Homes 4 Rent Class A

     5,181        117,712  

American Tower Corp.

     614        120,995  

Brixmor Property Group, Inc.

     5,428        99,712  

CubeSmart

     3,492        111,884  

EPR Properties

     1,554        119,503  

Equity LifeStyle Properties, Inc.

     985        112,585  

Extra Space Storage, Inc.

     1,133        115,464  

Gaming and Leisure Properties, Inc.

     3,287        126,780  

HCP, Inc.

     3,566        111,616  

Healthcare Trust of America, Inc. Class A

     3,829        109,471  

Highwoods Properties, Inc.

     2,489        116,435  

Hospitality Properties Trust

     4,149        109,160  

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2019

 

 

 

Investments    Shares      Value  

Host Hotels & Resorts, Inc.

     4,914      $ 92,875  

Iron Mountain, Inc.

     2,796        99,146  

Kimco Realty Corp.

     5,222        96,607  

Liberty Property Trust

     2,257        109,284  

Life Storage, Inc.

     1,151        111,958  

Medical Properties Trust, Inc.

     6,280        116,243  

Mid-America Apartment Communities, Inc.

     1,083        118,404  

National Retail Properties, Inc.

     2,068        114,547  

Omega Healthcare Investors, Inc.

     2,814        107,354  

Park Hotels & Resorts, Inc.

     3,152        97,964  

Public Storage

     546        118,908  

Regency Centers Corp.

     1,694        114,328  

Simon Property Group, Inc.

     647        117,890  

SL Green Realty Corp.

     1,152        103,588  

STORE Capital Corp.

     3,570        119,595  

Ventas, Inc.

     1,574        100,437  

VICI Properties, Inc.

     5,547        121,368  

Vornado Realty Trust

     1,586        106,960  

W.P. Carey, Inc.

     1,564        122,508  

Welltower, Inc.

     1,357        105,303  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     3,680,348  
Food & Staples Retailing – 1.6%

 

Casey’s General Stores, Inc.

     2,584        332,742  

Kroger Co. (The)

     8,833        217,292  

Sysco Corp.

     5,293        353,361  

U.S. Foods Holding Corp.*

     7,240        252,748  

Walgreens Boots Alliance, Inc.

     4,356        275,604  

Walmart, Inc.

     3,672        358,130  
     

 

 

 
Total Food & Staples Retailing

 

     1,789,877  
Food Products – 3.0%

 

General Mills, Inc.

     6,163        318,935  

Hershey Co. (The)

     3,390        389,274  

Hormel Foods Corp.

     8,232        368,464  

Ingredion, Inc.

     3,335        315,791  

J.M. Smucker Co. (The)

     2,776        323,404  

Kellogg Co.

     5,990        343,706  

Lamb Weston Holdings, Inc.

     4,525        339,104  

McCormick & Co., Inc. Non-Voting Shares

     2,390        360,006  

Post Holdings, Inc.*

     2,798        306,101  

Tyson Foods, Inc. Class A

     5,060        351,316  
     

 

 

 
Total Food Products

 

     3,416,101  
Gas Utilities – 0.4%

 

National Fuel Gas Co.

     1,820        110,947  

ONE Gas, Inc.

     1,244        110,753  

Southwest Gas Holdings, Inc.

     1,117        91,885  

UGI Corp.

     2,131        118,100  
     

 

 

 
Total Gas Utilities

 

     431,685  
Health Care Providers & Services – 7.1%

 

Anthem, Inc.

     3,942        1,131,275  

Encompass Health Corp.

     19,646        1,147,326  

HCA Healthcare, Inc.

     8,651        1,127,917  

Henry Schein, Inc.*

     18,738        1,126,341  

McKesson Corp.

     8,974      1,050,497  

Quest Diagnostics, Inc.

     14,395        1,294,399  

Universal Health Services, Inc. Class B

     9,209        1,231,888  
     

 

 

 
Total Health Care Providers & Services

 

     8,109,643  
Hotels, Restaurants & Leisure – 2.0%

 

Darden Restaurants, Inc.

     4,957        602,127  

McDonald’s Corp.

     3,431        651,547  

Starbucks Corp.

     7,744        575,689  

Texas Roadhouse, Inc.

     7,733        480,915  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     2,310,278  
Household Durables – 1.1%

 

NVR, Inc.*

     163        451,021  

PulteGroup, Inc.

     15,399        430,556  

Toll Brothers, Inc.

     10,182        368,588  
     

 

 

 
Total Household Durables

 

     1,250,165  
Household Products – 1.5%

 

Church & Dwight Co., Inc.

     4,293        305,791  

Clorox Co. (The)

     1,994        319,957  

Colgate-Palmolive Co.

     5,393        369,636  

Kimberly-Clark Corp.

     2,712        336,017  

Procter & Gamble Co. (The)

     3,647        379,470  
     

 

 

 
Total Household Products

 

     1,710,871  
Independent Power & Renewable Electricity Producers – 0.3%

 

AES Corp.

     6,354        114,880  

NRG Energy, Inc.

     2,318        98,469  

Vistra Energy Corp.

     3,420        89,023  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     302,372  
Insurance – 5.2%

 

Assurant, Inc.

     12,044        1,143,096  

Erie Indemnity Co. Class A

     7,347        1,311,586  

Hanover Insurance Group, Inc. (The)

     11,457        1,308,046  

Hartford Financial Services Group, Inc. (The)

     26,786        1,331,800  

Kemper Corp.

     10,726        816,678  
     

 

 

 
Total Insurance

 

     5,911,206  
IT Services – 9.0%

 

Booz Allen Hamilton Holding Corp.

     28,755        1,671,816  

CACI International, Inc. Class A*

     7,347        1,337,301  

Euronet Worldwide, Inc.*

     6,715        957,492  

First Data Corp. Class A*

     26,358        692,425  

Leidos Holdings, Inc.

     20,906        1,339,865  

MAXIMUS, Inc.

     23,317        1,655,041  

Science Applications International Corp.

     12,873        990,577  

Western Union Co. (The)

     91,270        1,685,757  
     

 

 

 
Total IT Services

 

     10,330,274  
Machinery – 1.6%

 

Allison Transmission Holdings, Inc.

     19,913        894,492  

Snap-on, Inc.

     6,144        961,659  
     

 

 

 
Total Machinery

 

     1,856,151  
Media – 4.6%

 

Cable One, Inc.

     1,124        1,103,071  

 

See Notes to Financial Statements.

 

WisdomTree Trust      53  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Multifactor Fund (USMF)

March 31, 2019

 

 

 

Investments    Shares      Value  

CBS Corp. Class B Non-Voting Shares

     17,614      $ 837,193  

Comcast Corp. Class A

     24,136        964,957  

Fox Corp. Class A*

     9,036        331,712  

Nexstar Media Group, Inc. Class A

     8,097        877,472  

Omnicom Group, Inc.

     15,814        1,154,264  
     

 

 

 
Total Media

 

     5,268,669  
Multi-Utilities – 1.0%

 

Ameren Corp.

     1,635        120,254  

CenterPoint Energy, Inc.

     3,907        119,945  

CMS Energy Corp.

     2,117        117,578  

Consolidated Edison, Inc.

     1,393        118,141  

Dominion Energy, Inc.

     1,556        119,283  

DTE Energy Co.

     968        120,748  

MDU Resources Group, Inc.

     4,305        111,198  

Public Service Enterprise Group, Inc.

     1,991        118,285  

Sempra Energy

     758        95,402  

WEC Energy Group, Inc.

     1,489        117,750  
     

 

 

 
Total Multi-Utilities

 

     1,158,584  
Multiline Retail – 1.9%

 

Dollar General Corp.

     4,685        558,921  

Dollar Tree, Inc.*

     3,842        403,564  

Kohl’s Corp.

     5,481        376,928  

Macy’s, Inc.

     12,326        296,194  

Target Corp.

     6,374        511,577  
     

 

 

 
Total Multiline Retail

 

     2,147,184  
Oil, Gas & Consumable Fuels – 5.3%

 

Cabot Oil & Gas Corp.

     38,469        1,004,041  

Chevron Corp.

     11,505        1,417,186  

ConocoPhillips

     14,478        966,262  

HollyFrontier Corp.

     15,131        745,504  

Murphy Oil Corp.

     25,548        748,556  

Phillips 66

     12,500        1,189,625  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     6,071,174  
Pharmaceuticals – 5.4%

 

Eli Lilly & Co.

     10,709        1,389,600  

Johnson & Johnson

     9,892        1,382,803  

Merck & Co., Inc.

     17,659        1,468,699  

Nektar Therapeutics*

     15,246        512,265  

Pfizer, Inc.

     33,066        1,404,313  
     

 

 

 
Total Pharmaceuticals

 

     6,157,680  
Road & Rail – 1.0%

 

AMERCO

     3,220        1,196,262  
Semiconductors & Semiconductor Equipment – 2.5%

 

Broadcom, Inc.

     3,173        954,153  

Integrated Device Technology, Inc.*

     24,699        1,210,004  

Versum Materials, Inc.

     14,644        736,739  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     2,900,896  
Software – 2.7%

 

CDK Global, Inc.

     25,584        1,504,851  

Citrix Systems, Inc.

     15,519      1,546,623  
     

 

 

 
Total Software

 

     3,051,474  
Specialty Retail – 3.8%

 

Advance Auto Parts, Inc.

     2,563        437,068  

AutoZone, Inc.*

     592        606,279  

Burlington Stores, Inc.*

     2,458        385,120  

Foot Locker, Inc.

     5,158        312,575  

Gap, Inc. (The)

     12,664        331,544  

O’Reilly Automotive, Inc.*

     1,264        490,811  

TJX Cos., Inc. (The)

     11,510        612,447  

Tractor Supply Co.

     4,847        473,843  

Ulta Salon Cosmetics & Fragrance, Inc.*

     1,221        425,799  

Williams-Sonoma, Inc.

     5,675        319,332  
     

 

 

 
Total Specialty Retail

 

     4,394,818  
Technology Hardware, Storage & Peripherals – 0.8%

 

Xerox Corp.

     29,487        942,994  
Textiles, Apparel & Luxury Goods – 0.3%

 

Hanesbrands, Inc.

     16,022        286,473  
Thrifts & Mortgage Finance – 1.4%

 

MGIC Investment Corp.*

     57,605        759,810  

Radian Group, Inc.

     38,621        800,999  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     1,560,809  
Tobacco – 0.5%

 

Altria Group, Inc.

     5,344        306,906  

Philip Morris International, Inc.

     2,760        243,956  
     

 

 

 
Total Tobacco

 

     550,862  
Trading Companies & Distributors – 1.1%

 

HD Supply Holdings, Inc.*

     29,231        1,267,164  
Wireless Telecommunication Services – 0.9%

 

T-Mobile U.S., Inc.*

     14,297        987,923  

TOTAL INVESTMENTS IN SECURITIES – 101.0%

(Cost: $113,006,322)

 

 

     115,590,042  

Other Assets less Liabilities – (1.0)%

 

     (1,109,387
     

 

 

 
NET ASSETS – 100.0%

 

   $ 114,480,655  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

54   WisdomTree Trust


Table of Contents

Schedule of Investments

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

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%

 

United States – 99.8%

 

Aerospace & Defense – 4.9%

 

Boeing Co. (The)

     145,040      $ 55,321,157  

BWX Technologies, Inc.

     9,516        471,803  

Curtiss-Wright Corp.

     2,516        285,163  

General Dynamics Corp.

     75,297        12,746,276  

Harris Corp.

     23,321        3,724,597  

HEICO Corp.

     3,135        297,417  

HEICO Corp. Class A

     3,896        327,498  

Hexcel Corp.

     14,393        995,420  

Huntington Ingalls Industries, Inc.

     6,975        1,445,220  

L3 Technologies, Inc.

     13,734        2,834,286  

Northrop Grumman Corp.

     36,413        9,816,945  

Raytheon Co.

     66,839        12,170,045  

Spirit AeroSystems Holdings, Inc. Class A

     8,300        759,699  

Textron, Inc.

     9,514        481,979  

United Technologies Corp.

     257,130        33,141,486  
     

 

 

 
Total Aerospace & Defense

 

     134,818,991  
Air Freight & Logistics – 1.7%

 

C.H. Robinson Worldwide, Inc.

     33,116        2,880,761  

Expeditors International of Washington, Inc.

     29,726        2,256,203  

FedEx Corp.

     42,021        7,623,030  

United Parcel Service, Inc. Class B

     304,021        33,971,306  
     

 

 

 
Total Air Freight & Logistics

 

     46,731,300  
Airlines – 0.7%

 

Alaska Air Group, Inc.

     24,165        1,356,140  

American Airlines Group, Inc.

     56,953        1,808,827  

Delta Air Lines, Inc.

     216,842        11,199,890  

Southwest Airlines Co.

     78,565        4,078,309  
     

 

 

 
Total Airlines

 

     18,443,166  
Auto Components – 0.1%

 

Gentex Corp.

     84,022        1,737,575  
Automobiles – 1.1%

 

General Motors Co.

     719,619        26,697,865  

Harley-Davidson, Inc.

     73,000        2,603,180  

Thor Industries, Inc.

     12,163        758,606  
     

 

 

 
Total Automobiles

 

     30,059,651  
Banks – 4.4%

 

Bank OZK

     46,434        1,345,657  

Comerica, Inc.

     62,152        4,556,985  

KeyCorp

     575,360        9,061,920  

Pinnacle Financial Partners, Inc.

     7,672        419,659  

Regions Financial Corp.

     485,989        6,876,744  

Wells Fargo & Co.

     2,073,984        100,214,907  
     

 

 

 
Total Banks

 

     122,475,872  
Beverages – 3.1%

 

Brown-Forman Corp. Class A

     21,468        1,098,518  

Brown-Forman Corp. Class B

     58,575        3,091,588  

Constellation Brands, Inc. Class A

     30,825        5,404,547  

Keurig Dr Pepper, Inc.

     377,269        10,552,214  

PepsiCo, Inc.

     549,567      67,349,436  
     

 

 

 
Total Beverages

 

     87,496,303  
Biotechnology – 2.6%

 

AbbVie, Inc.

     894,729        72,106,210  
Building Products – 0.2%

 

A.O. Smith Corp.

     28,313        1,509,649  

Armstrong World Industries, Inc.

     10,035        796,980  

Fortune Brands Home & Security, Inc.

     24,344        1,159,018  

Lennox International, Inc.

     7,432        1,965,021  

Owens Corning

     18,320        863,238  
     

 

 

 
Total Building Products

 

     6,293,906  
Capital Markets – 2.9%

 

Ameriprise Financial, Inc.

     50,948        6,526,439  

CBOE Global Markets, Inc.

     18,223        1,739,203  

Charles Schwab Corp. (The)

     199,434        8,527,798  

CME Group, Inc.

     62,202        10,237,205  

E*TRADE Financial Corp.

     35,401        1,643,668  

Eaton Vance Corp.

     51,566        2,078,625  

Evercore, Inc. Class A

     8,483        771,953  

FactSet Research Systems, Inc.

     6,969        1,730,194  

Franklin Resources, Inc.

     166,474        5,516,948  

LPL Financial Holdings, Inc.

     22,903        1,595,194  

MarketAxess Holdings, Inc.

     4,981        1,225,725  

Morningstar, Inc.

     6,413        807,974  

MSCI, Inc.

     18,498        3,678,142  

Northern Trust Corp.

     62,734        5,671,781  

Raymond James Financial, Inc.

     30,036        2,415,195  

S&P Global, Inc.

     37,825        7,964,054  

SEI Investments Co.

     19,461        1,016,837  

T. Rowe Price Group, Inc.

     82,900        8,299,948  

TD Ameritrade Holding Corp.

     161,270        8,061,887  
     

 

 

 
Total Capital Markets

 

     79,508,770  
Chemicals – 2.0%

 

Air Products & Chemicals, Inc.

     76,191        14,549,433  

Celanese Corp.

     37,637        3,711,385  

Chemours Co. (The)

     74,866        2,782,021  

Eastman Chemical Co.

     47,392        3,596,105  

Ecolab, Inc.

     38,905        6,868,289  

FMC Corp.

     18,451        1,417,406  

International Flavors & Fragrances, Inc.

     28,646        3,689,318  

NewMarket Corp.

     1,615        700,199  

Olin Corp.

     63,150        1,461,291  

PPG Industries, Inc.

     50,991        5,755,354  

RPM International, Inc.

     29,636        1,720,073  

Scotts Miracle-Gro Co. (The)

     21,025        1,652,145  

Sherwin-Williams Co. (The)

     10,423        4,489,290  

W.R. Grace & Co.

     16,223        1,266,043  

Westlake Chemical Corp.

     20,113        1,364,868  
     

 

 

 
Total Chemicals

 

     55,023,220  
Commercial Services & Supplies – 0.9%

 

Cintas Corp.

     17,455        3,527,830  

Healthcare Services Group, Inc.

     14,525        479,180  

 

See Notes to Financial Statements.

 

WisdomTree Trust      55  


Table of Contents

Schedule of Investments (continued)

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

March 31, 2019

 

 

 

Investments    Shares      Value  

MSA Safety, Inc.

     9,799      $ 1,013,216  

Republic Services, Inc.

     80,853        6,498,964  

Rollins, Inc.

     50,066        2,083,747  

Tetra Tech, Inc.

     5,259        313,384  

Waste Management, Inc.

     107,442        11,164,298  
     

 

 

 
Total Commercial Services & Supplies

 

     25,080,619  
Communications Equipment – 0.0%

 

Ubiquiti Networks, Inc.

     6,715        1,005,303  
Construction & Engineering – 0.1%

 

EMCOR Group, Inc.

     3,125        228,375  

Fluor Corp.

     32,086        1,180,765  
     

 

 

 
Total Construction & Engineering

 

     1,409,140  
Construction Materials – 0.1%

 

Eagle Materials, Inc.

     3,614        304,660  

Martin Marietta Materials, Inc.

     9,255        1,861,921  

Vulcan Materials Co.

     13,881        1,643,510  
     

 

 

 
Total Construction Materials

 

     3,810,091  
Consumer Finance – 0.9%

 

American Express Co.

     151,706        16,581,466  

Discover Financial Services

     104,497        7,436,006  
     

 

 

 
Total Consumer Finance

 

     24,017,472  
Containers & Packaging – 0.4%

 

AptarGroup, Inc.

     14,038        1,493,503  

Avery Dennison Corp.

     19,600        2,214,800  

Graphic Packaging Holding Co.

     131,415        1,659,771  

Packaging Corp. of America

     35,671        3,544,984  

Sealed Air Corp.

     39,513        1,819,969  
     

 

 

 
Total Containers & Packaging

 

     10,733,027  
Distributors – 0.0%

 

Pool Corp.

     7,466        1,231,666  
Diversified Consumer Services – 0.1%

 

Service Corp. International

     41,457        1,664,499  
Diversified Telecommunication Services – 4.4%

 

Verizon Communications, Inc.

     2,079,847        122,981,353  
Electrical Equipment – 1.0%

 

Acuity Brands, Inc.

     2,169        260,302  

AMETEK, Inc.

     27,279        2,263,339  

Emerson Electric Co.

     247,309        16,933,247  

EnerSys

     3,020        196,783  

Hubbell, Inc.

     21,872        2,580,458  

Rockwell Automation, Inc.

     35,847        6,289,715  
     

 

 

 
Total Electrical Equipment

 

     28,523,844  
Electronic Equipment, Instruments & Components – 0.3%

 

Amphenol Corp. Class A

     35,551        3,357,437  

CDW Corp.

     21,560        2,077,737  

Cognex Corp.

     10,797        549,135  

Dolby Laboratories, Inc. Class A

     9,326        587,258  

Littelfuse, Inc.

     2,429        443,244  

National Instruments Corp.

     18,623        826,116  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     7,840,927  
Entertainment – 1.4%

 

Activision Blizzard, Inc.

     58,296      2,654,217  

Cinemark Holdings, Inc.

     53,629        2,144,624  

Walt Disney Co. (The)

     310,754        34,503,017  

World Wrestling Entertainment, Inc. Class A

     1,644        142,666  
     

 

 

 
Total Entertainment

 

     39,444,524  
Equity Real Estate Investment Trusts (REITs) – 0.1%

 

Ryman Hospitality Properties, Inc.

     24,150        1,986,096  
Food & Staples Retailing – 1.0%

 

Casey’s General Stores, Inc.

     4,709        606,378  

Costco Wholesale Corp.

     56,559        13,695,196  

Kroger Co. (The)

     192,255        4,729,473  

Sysco Corp.

     149,311        9,968,003  
     

 

 

 
Total Food & Staples Retailing

 

     28,999,050  
Food Products – 1.9%

 

Flowers Foods, Inc.

     99,371        2,118,590  

General Mills, Inc.

     373,239        19,315,118  

Hershey Co. (The)

     43,801        5,029,669  

Hormel Foods Corp.

     128,577        5,755,107  

Kellogg Co.

     146,428        8,402,039  

Lancaster Colony Corp.

     6,563        1,028,356  

McCormick & Co., Inc. Non-Voting Shares

     24,743        3,727,038  

Tyson Foods, Inc. Class A

     88,891        6,171,702  
     

 

 

 
Total Food Products

 

     51,547,619  
Health Care Equipment & Supplies – 2.4%

 

Abbott Laboratories

     332,131        26,550,552  

Baxter International, Inc.

     77,652        6,313,884  

Becton, Dickinson and Co.

     40,844        10,199,972  

Cantel Medical Corp.

     1,027        68,696  

Cooper Cos., Inc. (The)

     833        246,710  

Danaher Corp.

     56,720        7,488,174  

Hill-Rom Holdings, Inc.

     2,989        316,415  

ResMed, Inc.

     23,911        2,486,027  

Stryker Corp.

     50,379        9,950,860  

Teleflex, Inc.

     4,060        1,226,770  

West Pharmaceutical Services, Inc.

     7,653        843,361  
     

 

 

 
Total Health Care Equipment & Supplies

 

     65,691,421  
Health Care Providers & Services – 2.9%

 

AmerisourceBergen Corp.

     46,199        3,673,745  

Anthem, Inc.

     34,857        10,003,262  

Chemed Corp.

     889        284,542  

Cigna Corp.

     1,295        208,262  

CVS Health Corp.

     432,296        23,313,723  

Encompass Health Corp.

     21,916        1,279,895  

Humana, Inc.

     10,271        2,732,086  

UnitedHealth Group, Inc.

     156,712        38,748,609  

Universal Health Services, Inc. Class B

     2,977        398,233  
     

 

 

 
Total Health Care Providers & Services

 

     80,642,357  
Hotels, Restaurants & Leisure – 2.5%

 

Aramark

     28,233        834,285  

Cracker Barrel Old Country Store, Inc.

     10,590        1,711,450  

 

See Notes to Financial Statements.

 

56   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

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

March 31, 2019

 

 

 

Investments    Shares      Value  

Darden Restaurants, Inc.

     46,394      $ 5,635,479  

Hyatt Hotels Corp. Class A

     10,103        733,175  

Las Vegas Sands Corp.

     512,781        31,259,130  

Marriott Vacations Worldwide Corp.

     9,047        845,895  

Starbucks Corp.

     330,584        24,575,615  

Texas Roadhouse, Inc.

     13,832        860,212  

Wendy’s Co. (The)

     73,761        1,319,584  

Wyndham Destinations, Inc.

     41,454        1,678,472  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     69,453,297  
Household Durables – 0.3%

 

D.R. Horton, Inc.

     80,062        3,312,966  

Leggett & Platt, Inc.

     69,573        2,937,372  

Lennar Corp. Class A

     22,172        1,088,423  

PulteGroup, Inc.

     55,497        1,551,696  

Toll Brothers, Inc.

     15,420        558,204  
     

 

 

 
Total Household Durables

 

     9,448,661  
Household Products – 3.6%

 

Church & Dwight Co., Inc.

     43,040        3,065,739  

Clorox Co. (The)

     32,755        5,255,867  

Procter & Gamble Co. (The)

     882,847        91,860,231  
     

 

 

 
Total Household Products

 

     100,181,837  
Industrial Conglomerates – 2.7%

 

3M Co.

     193,880        40,284,386  

Carlisle Cos., Inc.

     14,416        1,767,690  

Honeywell International, Inc.

     214,150        34,032,718  
     

 

 

 
Total Industrial Conglomerates

 

     76,084,794  
Insurance – 1.0%

 

Brown & Brown, Inc.

     47,263        1,394,731  

Erie Indemnity Co. Class A

     15,198        2,713,147  

Marsh & McLennan Cos., Inc.

     119,856        11,254,478  

Selective Insurance Group, Inc.

     4,289        271,408  

Torchmark Corp.

     13,245        1,085,428  

Travelers Cos., Inc. (The)

     83,466        11,448,197  
     

 

 

 
Total Insurance

 

     28,167,389  
Internet & Direct Marketing Retail – 0.1%

 

Expedia Group, Inc.

     20,769        2,471,511  
IT Services – 5.3%

 

Alliance Data Systems Corp.

     5,967        1,044,106  

Automatic Data Processing, Inc.

     106,052        16,940,746  

Booz Allen Hamilton Holding Corp.

     29,499        1,715,072  

Broadridge Financial Solutions, Inc.

     23,470        2,433,604  

Cognizant Technology Solutions Corp. Class A

     64,750        4,691,137  

Global Payments, Inc.

     3,914        534,339  

International Business Machines Corp.

     492,796        69,533,516  

Jack Henry & Associates, Inc.

     11,816        1,639,352  

MasterCard, Inc. Class A

     54,638        12,864,517  

MAXIMUS, Inc.

     14,713        1,044,329  

Paychex, Inc.

     131,138        10,517,268  

Sabre Corp.

     50,798        1,086,569  

Total System Services, Inc.

     15,933        1,513,794  

Visa, Inc. Class A

     135,624      21,183,113  
     

 

 

 
Total IT Services

 

     146,741,462  
Leisure Products – 0.2%

 

Brunswick Corp.

     10,790        543,061  

Hasbro, Inc.

     47,959        4,077,474  

Polaris Industries, Inc.

     19,644        1,658,543  
     

 

 

 
Total Leisure Products

 

     6,279,078  
Life Sciences Tools & Services – 0.1%

 

Bio-Techne Corp.

     5,316        1,055,492  

Bruker Corp.

     11,592        445,596  

PerkinElmer, Inc.

     5,211        502,132  
     

 

 

 
Total Life Sciences Tools & Services

 

     2,003,220  
Machinery – 3.7%

 

AGCO Corp.

     16,290        1,132,970  

Allison Transmission Holdings, Inc.

     13,446        603,994  

Caterpillar, Inc.

     187,780        25,442,312  

Crane Co.

     15,308        1,295,363  

Cummins, Inc.

     62,359        9,844,615  

Deere & Co.

     68,394        10,932,097  

Donaldson Co., Inc.

     26,297        1,316,428  

Dover Corp.

     48,178        4,519,096  

Fortive Corp.

     21,361        1,791,974  

Graco, Inc.

     33,913        1,679,372  

IDEX Corp.

     14,570        2,210,852  

Illinois Tool Works, Inc.

     117,486        16,862,766  

ITT, Inc.

     13,894        805,852  

Lincoln Electric Holdings, Inc.

     19,381        1,625,484  

Nordson Corp.

     9,062        1,200,896  

Oshkosh Corp.

     14,165        1,064,216  

Parker-Hannifin Corp.

     29,896        5,130,752  

Snap-on, Inc.

     18,342        2,870,890  

Stanley Black & Decker, Inc.

     37,430        5,096,843  

Toro Co. (The)

     22,288        1,534,306  

Trinity Industries, Inc.

     51,794        1,125,484  

Wabtec Corp.

     13,083        964,479  

Woodward, Inc.

     5,572        528,727  

Xylem, Inc.

     31,044        2,453,718  
     

 

 

 
Total Machinery

 

     102,033,486  
Media – 2.0%

 

Cable One, Inc.

     284        278,712  

CBS Corp. Class B Non-Voting Shares

     52,340        2,487,720  

Comcast Corp. Class A

     1,138,779        45,528,384  

Fox Corp. Class A*

     33,042        1,212,972  

Fox Corp. Class B*

     25,731        923,228  

Interpublic Group of Cos., Inc. (The)

     155,849        3,274,388  

Nexstar Media Group, Inc. Class A

     6,336        686,632  
     

 

 

 
Total Media

 

     54,392,036  
Multiline Retail – 0.9%

 

Dollar General Corp.

     38,218        4,559,407  

Nordstrom, Inc.

     56,576        2,510,843  

Target Corp.

     239,734        19,241,051  
     

 

 

 
Total Multiline Retail

 

     26,311,301  

 

See Notes to Financial Statements.

 

WisdomTree Trust      57  


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2019

 

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 7.0%

 

EQT Corp.

     25,339      $ 525,531  

Exxon Mobil Corp.

     1,734,999        140,187,919  

Marathon Petroleum Corp.

     254,106        15,208,244  

PBF Energy, Inc. Class A

     41,904        1,304,891  

Phillips 66

     197,815        18,826,053  

Valero Energy Corp.

     218,107        18,502,017  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     194,554,655  
Personal Products – 0.2%

 

Estee Lauder Cos., Inc. (The) Class A

     36,013        5,961,952  

Nu Skin Enterprises, Inc. Class A

     13,249        634,097  
     

 

 

 
Total Personal Products

 

     6,596,049  
Pharmaceuticals – 2.3%

 

Bristol-Myers Squibb Co.

     596,728        28,469,893  

Eli Lilly & Co.

     255,902        33,205,843  

Zoetis, Inc.

     36,034        3,627,543  
     

 

 

 
Total Pharmaceuticals

 

     65,303,279  
Professional Services – 0.1%

 

Insperity, Inc.

     2,473        305,811  

Robert Half International, Inc.

     32,526        2,119,394  
     

 

 

 
Total Professional Services

 

     2,425,205  
Real Estate Management & Development – 0.0%

 

Jones Lang LaSalle, Inc.

     5,189        800,040  
Road & Rail – 2.2%

 

CSX Corp.

     138,964        10,397,287  

JB Hunt Transport Services, Inc.

     13,624        1,379,975  

Knight-Swift Transportation Holdings, Inc.

     7,960        260,133  

Landstar System, Inc.

     5,604        613,022  

Norfolk Southern Corp.

     70,924        13,254,986  

Old Dominion Freight Line, Inc.

     3,940        568,897  

Ryder System, Inc.

     24,158        1,497,554  

Union Pacific Corp.

     198,602        33,206,254  
     

 

 

 
Total Road & Rail

 

     61,178,108  
Semiconductors & Semiconductor Equipment – 5.6%

 

Analog Devices, Inc.

     87,770        9,239,548  

Applied Materials, Inc.

     237,867        9,433,805  

Cabot Microelectronics Corp.

     2,542        284,602  

Intel Corp.

     1,179,641        63,346,722  

KLA-Tencor Corp.

     53,287        6,363,001  

Lam Research Corp.

     49,603        8,879,433  

Maxim Integrated Products, Inc.

     95,050        5,053,808  

Microchip Technology, Inc.(a)

     44,860        3,721,586  

MKS Instruments, Inc.

     5,431        505,355  

Monolithic Power Systems, Inc.

     4,864        659,023  

NVIDIA Corp.

     27,567        4,949,931  

Skyworks Solutions, Inc.

     40,484        3,339,120  

Texas Instruments, Inc.

     324,615        34,431,913  

Universal Display Corp.(a)

     2,507        383,195  

Xilinx, Inc.

     45,751        5,800,769  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     156,391,811  
Software – 5.0%

 

Citrix Systems, Inc.

     15,985      1,593,065  

Intuit, Inc.

     26,843        7,017,029  

j2 Global, Inc.

     13,175        1,140,955  

Microsoft Corp.

     1,071,659        126,391,462  

Pegasystems, Inc.

     4,101        266,565  

Symantec Corp.

     73,751        1,695,536  
     

 

 

 
Total Software

 

     138,104,612  
Specialty Retail – 4.5%

 

Aaron’s, Inc.

     5,208        273,941  

Advance Auto Parts, Inc.

     3,010        513,295  

American Eagle Outfitters, Inc.

     45,456        1,007,760  

Best Buy Co., Inc.

     105,753        7,514,808  

Foot Locker, Inc.

     41,380        2,507,628  

Gap, Inc. (The)

     150,158        3,931,136  

Home Depot, Inc. (The)

     323,062        61,992,367  

Lowe’s Cos., Inc.

     201,616        22,070,904  

Ross Stores, Inc.

     54,586        5,081,957  

Tiffany & Co.

     34,182        3,607,910  

TJX Cos., Inc. (The)

     261,495        13,914,149  

Tractor Supply Co.

     24,206        2,366,379  

Williams-Sonoma, Inc.

     24,272        1,365,785  
     

 

 

 
Total Specialty Retail

 

     126,148,019  
Technology Hardware, Storage & Peripherals – 4.8%

 

Apple, Inc.

     686,659        130,430,877  

NetApp, Inc.

     61,409        4,258,100  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     134,688,977  
Textiles, Apparel & Luxury Goods – 0.8%

 

Carter’s, Inc.

     12,694        1,279,428  

Columbia Sportswear Co.

     11,305        1,177,755  

NIKE, Inc. Class B

     188,296        15,856,406  

PVH Corp.

     4,356        531,214  

Tapestry, Inc.

     124,200        4,035,258  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     22,880,061  
Tobacco – 2.8%

 

Altria Group, Inc.

     1,356,723        77,916,602  
Trading Companies & Distributors – 0.5%

 

Fastenal Co.

     107,710        6,926,830  

GATX Corp.

     5,632        430,116  

MSC Industrial Direct Co., Inc. Class A

     15,827        1,309,051  

W.W. Grainger, Inc.

     14,097        4,242,210  
     

 

 

 
Total Trading Companies & Distributors

 

     12,908,207  

TOTAL INVESTMENTS IN SECURITIES – 99.8%

(Cost: $2,372,390,940)

 

 

     2,774,767,669  

Other Assets less Liabilities – 0.2%

 

     5,593,707  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 2,780,361,376  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2). At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $3,679,773. The total market value of the collateral held by the Fund was $3,693,013. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $3,693,013.

 

See Notes to Financial Statements.

 

58   WisdomTree Trust


Table of Contents

Schedule of Investments

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

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.3%

 

Aerospace & Defense – 3.6%

 

Boeing Co. (The)

     568      $ 216,647  

Hexcel Corp.

     3,281        226,914  

Huntington Ingalls Industries, Inc.

     1,013        209,894  

Spirit AeroSystems Holdings, Inc. Class A

     4,361        399,162  

Textron, Inc.

     6,394        323,920  
     

 

 

 
Total Aerospace & Defense

 

     1,376,537  
Air Freight & Logistics – 0.4%

 

Expeditors International of Washington, Inc.

     1,808        137,227  
Airlines – 2.2%

 

American Airlines Group, Inc.

     5,228        166,041  

Delta Air Lines, Inc.

     2,795        144,362  

JetBlue Airways Corp.*

     9,445        154,520  

Southwest Airlines Co.

     3,767        195,545  

United Continental Holdings, Inc.*

     2,082        166,102  
     

 

 

 
Total Airlines

 

     826,570  
Auto Components – 1.5%

 

Gentex Corp.

     14,864        307,387  

Lear Corp.

     1,946        264,092  
     

 

 

 
Total Auto Components

 

     571,479  
Automobiles – 0.3%

 

Harley-Davidson, Inc.

     3,234        115,325  
Banks – 5.3%

 

Bank of America Corp.

     9,805        270,520  

Comerica, Inc.

     3,409        249,948  

Fifth Third Bancorp

     10,410        262,540  

JPMorgan Chase & Co.

     1,749        177,051  

M&T Bank Corp.

     1,771        278,083  

PacWest Bancorp

     9,843        370,195  

SunTrust Banks, Inc.

     3,452        204,531  

Zions Bancorp NA

     4,572        207,615  
     

 

 

 
Total Banks

 

     2,020,483  
Beverages – 0.3%

 

Constellation Brands, Inc. Class A

     761        133,426  
Biotechnology – 3.2%

 

AbbVie, Inc.

     3,204        258,210  

Amgen, Inc.

     1,917        364,192  

Biogen, Inc.*

     435        102,825  

Celgene Corp.*

     5,431        512,361  
     

 

 

 
Total Biotechnology

 

     1,237,588  
Building Products – 1.9%

 

Fortune Brands Home & Security, Inc.

     7,394        352,028  

Lennox International, Inc.

     677        178,999  

Masco Corp.

     4,645        182,595  
     

 

 

 
Total Building Products

 

     713,622  
Capital Markets – 4.7%

 

Affiliated Managers Group, Inc.

     2,822        302,265  

Ameriprise Financial, Inc.

     2,454        314,358  

Bank of New York Mellon Corp. (The)

     3,703      186,742  

FactSet Research Systems, Inc.

     436        108,246  

LPL Financial Holdings, Inc.

     2,999        208,880  

Morgan Stanley

     6,567        277,127  

Northern Trust Corp.

     1,569        141,853  

S&P Global, Inc.

     595        125,277  

SEI Investments Co.

     2,343        122,422  
     

 

 

 
Total Capital Markets

 

     1,787,170  
Chemicals – 1.5%

 

Eastman Chemical Co.

     2,330        176,800  

NewMarket Corp.

     342        148,278  

PPG Industries, Inc.

     2,166        244,476  
     

 

 

 
Total Chemicals

 

     569,554  
Commercial Services & Supplies – 0.4%

 

Republic Services, Inc.

     1,716        137,932  
Communications Equipment – 2.9%

 

Cisco Systems, Inc.

     7,130        384,949  

F5 Networks, Inc.*

     981        153,948  

Juniper Networks, Inc.

     12,648        334,793  

Ubiquiti Networks, Inc.

     1,603        239,985  
     

 

 

 
Total Communications Equipment

 

     1,113,675  
Construction & Engineering – 0.5%

 

Quanta Services, Inc.

     5,164        194,889  
Consumer Finance – 2.9%

 

Ally Financial, Inc.

     10,509        288,892  

Discover Financial Services

     4,678        332,887  

Synchrony Financial

     14,909        475,597  
     

 

 

 
Total Consumer Finance

 

     1,097,376  
Containers & Packaging – 1.1%

 

International Paper Co.

     3,561        164,767  

Sealed Air Corp.

     5,328        245,408  
     

 

 

 
Total Containers & Packaging

 

     410,175  
Diversified Consumer Services – 0.3%

 

H&R Block, Inc.

     4,086        97,819  
Diversified Financial Services – 2.0%

 

Jefferies Financial Group, Inc.

     16,851        316,630  

Voya Financial, Inc.

     8,926        445,943  
     

 

 

 
Total Diversified Financial Services

 

     762,573  
Diversified Telecommunication Services – 0.3%

 

CenturyLink, Inc.

     9,208        110,404  
Electrical Equipment – 1.5%

 

Acuity Brands, Inc.

     1,570        188,416  

Emerson Electric Co.

     1,893        129,614  

Rockwell Automation, Inc.

     1,460        256,171  
     

 

 

 
Total Electrical Equipment

 

     574,201  
Electronic Equipment, Instruments & Components – 1.9%

 

Avnet, Inc.

     6,569        284,898  

Corning, Inc.

     9,036        299,092  

TE Connectivity Ltd.

     1,690        136,467  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     720,457  

 

See Notes to Financial Statements.

 

WisdomTree Trust      59  


Table of Contents

Schedule of Investments (continued)

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

March 31, 2019

 

 

 

Investments    Shares      Value  
Equity Real Estate Investment Trusts (REITs) – 1.0%

 

SL Green Realty Corp.

     4,101      $ 368,762  
Food & Staples Retailing – 1.9%

 

Casey’s General Stores, Inc.

     1,056        135,981  

Kroger Co. (The)

     12,196        300,022  

U.S. Foods Holding Corp.*

     3,414        119,183  

Walgreens Boots Alliance, Inc.

     2,730        172,727  
     

 

 

 
Total Food & Staples Retailing

 

     727,913  
Food Products – 0.4%

 

Conagra Brands, Inc.

     5,696        158,007  
Health Care Providers & Services – 2.7%

 

Amedisys, Inc.*

     983        121,165  

Cardinal Health, Inc.

     4,502        216,771  

DaVita, Inc.*

     6,429        349,030  

HCA Healthcare, Inc.

     909        118,515  

McKesson Corp.

     1,978        231,545  
     

 

 

 
Total Health Care Providers & Services

 

     1,037,026  
Hotels, Restaurants & Leisure – 6.8%

 

Domino’s Pizza, Inc.

     526        135,761  

Dunkin’ Brands Group, Inc.

     4,475        336,072  

Hilton Worldwide Holdings, Inc.

     3,592        298,531  

Hyatt Hotels Corp. Class A

     4,846        351,674  

Las Vegas Sands Corp.

     2,282        139,111  

Marriott International, Inc. Class A

     2,559        320,105  

McDonald’s Corp.

     723        137,298  

MGM Resorts International

     10,536        270,354  

Starbucks Corp.

     4,116        305,983  

Yum! Brands, Inc.

     2,955        294,939  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     2,589,828  
Household Durables – 3.0%

 

NVR, Inc.*

     107        296,069  

PulteGroup, Inc.

     7,577        211,853  

Toll Brothers, Inc.

     11,721        424,300  

Whirlpool Corp.

     1,552        206,245  
     

 

 

 
Total Household Durables

 

     1,138,467  
Household Products – 0.3%

 

Kimberly-Clark Corp.

     952        117,953  
Independent Power & Renewable Electricity Producers – 0.8%

 

NRG Energy, Inc.

     6,841        290,606  
Industrial Conglomerates – 0.4%

 

3M Co.

     662        137,550  
Insurance – 3.2%

 

Aflac, Inc.

     3,206        160,300  

Allstate Corp. (The)

     1,670        157,281  

Loews Corp.

     5,092        244,059  

MetLife, Inc.

     5,071        215,872  

Primerica, Inc.

     1,166        142,427  

Prudential Financial, Inc.

     1,960        180,085  

Torchmark Corp.

     1,579        129,399  
     

 

 

 
Total Insurance

 

     1,229,423  
Internet & Direct Marketing Retail – 1.7%

 

Booking Holdings, Inc.*

     92      160,532  

eBay, Inc.

     12,880        478,363  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     638,895  
IT Services – 2.5%

 

Akamai Technologies, Inc.*

     2,027        145,356  

Black Knight, Inc.*

     2,281        124,315  

Booz Allen Hamilton Holding Corp.

     1,920        111,629  

DXC Technology Co.

     1,610        103,539  

Fiserv, Inc.*

     1,769        156,167  

International Business Machines Corp.

     1,328        187,381  

VeriSign, Inc.*

     702        127,455  
     

 

 

 
Total IT Services

 

     955,842  
Leisure Products – 0.3%

 

Polaris Industries, Inc.

     1,572        132,724  
Life Sciences Tools & Services – 0.6%

 

Waters Corp.*

     902        227,042  
Machinery – 3.5%

 

Allison Transmission Holdings, Inc.

     6,611        296,966  

Cummins, Inc.

     1,234        194,812  

Dover Corp.

     3,597        337,399  

Illinois Tool Works, Inc.

     1,189        170,657  

Lincoln Electric Holdings, Inc.

     1,268        106,347  

Snap-on, Inc.

     649        101,581  

Toro Co. (The)

     2,039        140,365  
     

 

 

 
Total Machinery

 

     1,348,127  
Media – 2.8%

 

Charter Communications, Inc. Class A*

     903        313,260  

Comcast Corp. Class A

     3,353        134,053  

Liberty Global PLC Class C*

     15,135        366,418  

Omnicom Group, Inc.

     1,972        143,936  

Sirius XM Holdings, Inc.

     21,104        119,660  
     

 

 

 
Total Media

 

     1,077,327  
Metals & Mining – 0.7%

 

Reliance Steel & Aluminum Co.

     1,601        144,506  

Steel Dynamics, Inc.

     3,489        123,057  
     

 

 

 
Total Metals & Mining

 

     267,563  
Multiline Retail – 1.2%

 

Dollar General Corp.

     917        109,398  

Kohl’s Corp.

     1,990        136,852  

Target Corp.

     2,800        224,728  
     

 

 

 
Total Multiline Retail

 

     470,978  
Oil, Gas & Consumable Fuels – 4.5%

 

Anadarko Petroleum Corp.

     7,304        332,186  

Cabot Oil & Gas Corp.

     7,625        199,012  

ConocoPhillips

     2,126        141,889  

Marathon Petroleum Corp.

     6,103        365,265  

Occidental Petroleum Corp.

     1,893        125,317  

Phillips 66

     3,346        318,439  

Valero Energy Corp.

     2,669        226,411  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     1,708,519  

 

See Notes to Financial Statements.

 

60   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2019

 

 

 

Investments    Shares      Value  
Pharmaceuticals – 0.3%

 

Pfizer, Inc.

     2,557      $ 108,596  
Professional Services – 0.4%

 

Robert Half International, Inc.

     2,421        157,752  
Road & Rail – 2.3%

 

CSX Corp.

     2,552        190,941  

Genesee & Wyoming, Inc. Class A*

     2,135        186,044  

Norfolk Southern Corp.

     1,250        233,612  

Union Pacific Corp.

     1,685        281,732  
     

 

 

 
Total Road & Rail

 

     892,329  
Semiconductors & Semiconductor Equipment – 4.7%

 

Applied Materials, Inc.

     10,921        433,127  

Intel Corp.

     3,002        161,207  

KLA-Tencor Corp.

     1,356        161,920  

Lam Research Corp.

     2,707        484,580  

Maxim Integrated Products, Inc.

     2,480        131,862  

Skyworks Solutions, Inc.

     3,081        254,121  

Texas Instruments, Inc.

     1,568        166,318  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     1,793,135  
Software – 3.7%

 

CDK Global, Inc.

     7,342        431,857  

Citrix Systems, Inc.

     3,058        304,760  

Fair Isaac Corp.*

     958        260,222  

Oracle Corp.

     7,354        394,983  
     

 

 

 
Total Software

 

     1,391,822  
Specialty Retail – 5.8%

 

AutoZone, Inc.*

     253        259,102  

Best Buy Co., Inc.

     6,426        456,632  

Foot Locker, Inc.

     3,418        207,131  

Gap, Inc. (The)

     4,198        109,904  

Home Depot, Inc. (The)

     858        164,642  

Lowe’s Cos., Inc.

     1,501        164,314  

O’Reilly Automotive, Inc.*

     474        184,054  

Ross Stores, Inc.

     1,508        140,395  

Tiffany & Co.

     1,624        171,413  

TJX Cos., Inc. (The)

     2,183        116,157  

Williams-Sonoma, Inc.

     4,197        236,165  
     

 

 

 
Total Specialty Retail

 

     2,209,909  
Technology Hardware, Storage & Peripherals – 4.1%

 

Apple, Inc.

     1,653        313,987  

Hewlett Packard Enterprise Co.

     25,834        398,619  

HP, Inc.

     11,191        217,441  

NetApp, Inc.

     4,072        282,352  

Western Digital Corp.

     7,064        339,496  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     1,551,895  
Textiles, Apparel & Luxury Goods – 0.7%

 

Hanesbrands, Inc.

     7,617        136,192  

NIKE, Inc. Class B

     1,680        141,473  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     277,665  
Tobacco – 0.3%

 

Altria Group, Inc.

     2,206        126,691  
Total United States

 

     37,840,828  
United Kingdom – 0.6%      
Capital Markets – 0.6%      

Janus Henderson Group PLC

     9,284      231,914  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $34,983,743)

        38,072,742  

Other Assets less Liabilities – 0.1%

        40,185  
     

 

 

 
NET ASSETS – 100.0%             $ 38,112,927  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

WisdomTree Trust      61  


Table of Contents

Schedule of Investments

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.9%      
United States – 98.8%

 

Aerospace & Defense – 0.5%

 

AAR Corp.

     32,676      $ 1,062,297  

Cubic Corp.

     21,032        1,182,839  

Moog, Inc. Class A

     54,338        4,724,689  

National Presto Industries, Inc.

     10,051        1,091,036  

Triumph Group, Inc.

     104,614        1,993,943  
     

 

 

 
Total Aerospace & Defense

 

     10,054,804  
Air Freight & Logistics – 0.2%

 

Forward Air Corp.

     52,276        3,383,825  
Airlines – 0.5%

 

Allegiant Travel Co.

     53,234        6,892,206  

Hawaiian Holdings, Inc.

     106,404        2,793,105  
     

 

 

 
Total Airlines

 

     9,685,311  
Auto Components – 1.7%

 

Cooper Tire & Rubber Co.

     85,420        2,553,204  

Dana, Inc.

     611,874        10,854,645  

LCI Industries

     133,795        10,278,132  

Standard Motor Products, Inc.

     54,294        2,665,835  

Strattec Security Corp.

     9,410        276,466  

Superior Industries International, Inc.

     256,642        1,221,616  

Tenneco, Inc. Class A

     292,526        6,482,376  

Tower International, Inc.

     54,729        1,150,951  
     

 

 

 
Total Auto Components

 

     35,483,225  
Automobiles – 0.1%

 

Winnebago Industries, Inc.

     94,212        2,934,704  
Banks – 6.4%

 

1st Constitution Bancorp

     4,650        82,631  

1st Source Corp.

     24,294        1,091,044  

ACNB Corp.

     9,274        343,138  

Amalgamated Bank Class A

     14,067        220,149  

American National Bankshares, Inc.

     12,733        444,636  

Ameris Bancorp

     19,255        661,409  

Ames National Corp.

     21,874        599,566  

Arrow Financial Corp.

     18,808        618,595  

Banc of California, Inc.

     99,516        1,377,301  

BancFirst Corp.

     30,462        1,588,593  

Bank of Commerce Holdings

     9,051        95,488  

Bank of Marin Bancorp

     12,699        516,722  

Bank of Princeton (The)

     12,216        387,614  

BankFinancial Corp.

     19,792        294,307  

Bankwell Financial Group, Inc.

     11,669        340,501  

Banner Corp.

     30,750        1,665,728  

Bar Harbor Bankshares

     22,509        582,308  

BCB Bancorp, Inc.

     53,670        719,178  

Berkshire Hills Bancorp, Inc.

     65,117        1,773,787  

Blue Hills Bancorp, Inc.

     30,608        731,531  

Boston Private Financial Holdings, Inc.

     118,064        1,293,981  

Bridge Bancorp, Inc.

     27,380        802,234  

Brookline Bancorp, Inc.

     94,487        1,360,613  

Bryn Mawr Bank Corp.

     23,140        836,048  

Business First Bancshares, Inc.(a)

     7,999      196,295  

C&F Financial Corp.

     3,907        197,694  

Cadence BanCorp

     218,411        4,051,524  

Cambridge Bancorp(a)

     697        57,746  

Camden National Corp.

     17,115        714,038  

Capital City Bank Group, Inc.

     10,445        227,492  

Capstar Financial Holdings, Inc.

     29,104        420,262  

CenterState Bank Corp.

     54,011        1,286,002  

Central Pacific Financial Corp.

     36,473        1,051,881  

Central Valley Community Bancorp

     8,086        158,081  

Century Bancorp, Inc. Class A

     1,081        78,913  

Chemung Financial Corp.

     4,742        222,542  

Citizens & Northern Corp.

     24,693        618,313  

City Holding Co.

     21,364        1,627,723  

Civista Bancshares, Inc.

     11,143        243,252  

CNB Financial Corp.

     18,029        455,593  

Codorus Valley Bancorp, Inc.

     8,245        176,031  

Columbia Banking System, Inc.

     75,788        2,477,510  

Community Financial Corp. (The)

     2,513        71,294  

Community Trust Bancorp, Inc.

     25,198        1,034,630  

ConnectOne Bancorp, Inc.

     35,667        702,640  

County Bancorp, Inc.

     18,793        330,757  

DNB Financial Corp.(a)

     1,660        62,698  

Enterprise Bancorp, Inc.

     9,098        261,386  

Enterprise Financial Services Corp.

     7,672        312,787  

Evans Bancorp, Inc.

     4,984        177,680  

FB Financial Corp.

     4,967        157,752  

Fidelity Southern Corp.

     31,658        867,113  

Financial Institutions, Inc.

     21,609        587,333  

First Bancorp

     13,034        453,062  

First Bancorp, Inc.

     17,092        425,933  

First Bancshares, Inc. (The)

     2,512        77,621  

First Bank

     4,665        53,787  

First Busey Corp.

     59,930        1,462,292  

First Business Financial Services, Inc.

     10,908        218,378  

First Choice Bancorp(a)

     21,468        461,562  

First Commonwealth Financial Corp.

     110,829        1,396,445  

First Community Bankshares, Inc.

     21,558        714,432  

First Community Corp.

     4,923        93,882  

First Financial Bancorp

     120,381        2,896,367  

First Financial Corp.

     14,252        598,584  

First Financial Northwest, Inc.

     10,273        161,800  

First Guaranty Bancshares, Inc.

     8,484        173,922  

First Internet Bancorp

     21,747        420,370  

First Interstate BancSystem, Inc. Class A

     36,113        1,438,020  

First Merchants Corp.

     48,359        1,782,029  

First Midwest Bancorp, Inc.

     105,741        2,163,461  

First Northwest Bancorp

     23,872        371,687  

First of Long Island Corp. (The)

     47,101        1,032,925  

Flushing Financial Corp.

     53,695        1,177,531  

German American Bancorp, Inc.

     18,149        533,581  

Great Southern Bancorp, Inc.

     13,317        691,152  

Great Western Bancorp, Inc.

     71,443        2,256,884  

Guaranty Bancshares, Inc.

     9,076        265,201  

 

See Notes to Financial Statements.

 

62   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Hanmi Financial Corp.

     80,789      $ 1,718,382  

Hawthorn Bancshares, Inc.

     4,062        94,401  

Heartland Financial USA, Inc.

     9,664        412,170  

Heritage Commerce Corp.

     51,380        621,698  

Heritage Financial Corp.

     26,797        807,662  

Hilltop Holdings, Inc.

     69,964        1,276,843  

Hope Bancorp, Inc.

     283,863        3,712,928  

Horizon Bancorp, Inc.

     38,360        617,212  

Independent Bank Corp.

     39,917        2,275,684  

Independent Bank Group, Inc.

     31,227        1,601,633  

International Bancshares Corp.

     62,968        2,394,673  

Lakeland Bancorp, Inc.

     66,015        985,604  

Lakeland Financial Corp.

     20,000        904,400  

LCNB Corp.

     45,170        774,666  

LegacyTexas Financial Group, Inc.

     46,738        1,747,534  

Level One Bancorp, Inc.(a)

     9,319        216,760  

Live Oak Bancshares, Inc.(a)

     22,511        328,886  

Macatawa Bank Corp.

     33,436        332,354  

MBT Financial Corp.

     28,168        282,243  

Mercantile Bank Corp.

     19,788        647,463  

Mid Penn Bancorp, Inc.(a)

     12,233        299,709  

Middlefield Banc Corp.

     3,598        148,274  

Midland States Bancorp, Inc.

     51,332        1,235,048  

MidSouth Bancorp, Inc.

     3,062        34,937  

MidWestOne Financial Group, Inc.

     31,006        844,914  

MutualFirst Financial, Inc.

     7,055        211,438  

National Bank Holdings Corp. Class A

     26,018        865,359  

NBT Bancorp, Inc.

     49,758        1,791,786  

Northrim BanCorp, Inc.

     9,091        312,912  

Norwood Financial Corp.

     8,366        258,007  

OFG Bancorp

     20,714        409,930  

Old National Bancorp

     188,441        3,090,432  

Old Point Financial Corp.(a)

     3,676        77,931  

Old Second Bancorp, Inc.

     6,008        75,641  

Opus Bank

     45,418        899,276  

Origin Bancorp, Inc.

     5,629        191,667  

Orrstown Financial Services, Inc.

     21,116        392,546  

Park National Corp.

     27,992        2,652,242  

Parke Bancorp, Inc.

     9,428        196,951  

Peapack Gladstone Financial Corp.

     5,226        137,026  

Penns Woods Bancorp, Inc.

     9,937        408,411  

Peoples Bancorp of North Carolina, Inc.

     3,976        105,762  

Peoples Bancorp, Inc.

     26,156        810,051  

Peoples Financial Services Corp.

     9,875        446,745  

Plumas Bancorp

     2,986        68,051  

Preferred Bank

     10,284        462,471  

Premier Financial Bancorp, Inc.

     19,452        305,591  

QCR Holdings, Inc.

     3,505        118,890  

RBB Bancorp

     12,180        228,984  

Reliant Bancorp, Inc.

     4,272        95,351  

Renasant Corp.

     63,889        2,162,643  

Republic Bancorp, Inc. Class A

     21,056        941,624  

S&T Bancorp, Inc.

     34,808        1,375,960  

Sandy Spring Bancorp, Inc.

     38,213        1,195,303  

SB One Bancorp

     2,552      55,429  

ServisFirst Bancshares, Inc.

     28,340        956,758  

Shore Bancshares, Inc.

     7,929        118,221  

Sierra Bancorp

     17,620        428,166  

Simmons First National Corp. Class A

     81,401        1,992,696  

South State Corp.

     38,432        2,626,443  

Southern National Bancorp of Virginia, Inc.

     25,723        376,842  

Southside Bancshares, Inc.

     50,476        1,677,317  

Stock Yards Bancorp, Inc.

     33,801        1,142,812  

Summit Financial Group, Inc.

     10,027        265,816  

Tompkins Financial Corp.

     18,298        1,391,929  

Towne Bank

     72,959        1,805,735  

TriCo Bancshares

     25,767        1,012,385  

Trustmark Corp.

     88,532        2,977,331  

Two River Bancorp

     4,074        64,573  

Union Bankshares Corp.

     91,285        2,951,244  

Union Bankshares, Inc.(a)

     5,694        257,540  

United Community Banks, Inc.

     94,980        2,367,851  

Unity Bancorp, Inc.

     6,124        115,621  

Univest Financial Corp.

     39,162        957,903  

Washington Trust Bancorp, Inc.

     26,053        1,254,452  

WesBanco, Inc.

     59,100        2,349,225  

West Bancorporation, Inc.

     43,611        901,875  

Westamerica Bancorporation

     30,578        1,889,720  
     

 

 

 
Total Banks

 

     133,117,915  
Beverages – 0.1%

 

Coca-Cola Consolidated, Inc.

     5,556        1,599,184  

MGP Ingredients, Inc.(a)

     13,469        1,039,133  
     

 

 

 
Total Beverages

 

     2,638,317  
Building Products – 1.1%

 

AAON, Inc.

     58,829        2,716,723  

Advanced Drainage Systems, Inc.

     92,125        2,374,061  

Apogee Enterprises, Inc.

     79,255        2,971,270  

Griffon Corp.

     190,114        3,513,307  

Insteel Industries, Inc.

     14,993        313,654  

Quanex Building Products Corp.

     119,633        1,900,968  

Simpson Manufacturing Co., Inc.

     101,296        6,003,814  

Universal Forest Products, Inc.

     115,658        3,457,018  
     

 

 

 
Total Building Products

 

     23,250,815  
Capital Markets – 2.1%

 

Ares Management Corp. Class A

     209,101        4,853,234  

Artisan Partners Asset Management, Inc. Class A

     233,271        5,871,431  

Associated Capital Group, Inc. Class A

     907        35,881  

B. Riley Financial, Inc.

     24,850        414,746  

Cohen & Steers, Inc.

     70,617        2,984,981  

Diamond Hill Investment Group, Inc.

     5,589        782,460  

Federated Investors, Inc. Class B

     173,248        5,077,899  

GAIN Capital Holdings, Inc.(a)

     74,263        466,372  

GAMCO Investors, Inc. Class A

     5,197        106,539  

Greenhill & Co., Inc.

     16,457        353,990  

Hamilton Lane, Inc. Class A

     26,235        1,143,321  

Houlihan Lokey, Inc.

     39,725        1,821,391  

 

See Notes to Financial Statements.

 

WisdomTree Trust      63  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Ladenburg Thalmann Financial Services, Inc.

     119,735      $ 338,850  

Legg Mason, Inc.

     191,388        5,238,290  

Moelis & Co. Class A

     94,228        3,920,827  

Oppenheimer Holdings, Inc. Class A

     12,392        322,440  

Piper Jaffray Cos.

     13,677        996,096  

PJT Partners, Inc. Class A

     4,289        179,280  

Pzena Investment Management, Inc. Class A

     11,464        92,744  

Silvercrest Asset Management Group, Inc. Class A

     15,487        220,690  

Virtu Financial, Inc. Class A

     160,792        3,818,810  

Virtus Investment Partners, Inc.

     8,935        871,609  

Waddell & Reed Financial, Inc. Class A

     166,581        2,880,185  

Westwood Holdings Group, Inc.

     14,764        520,726  
     

 

 

 
Total Capital Markets

 

     43,312,792  
Chemicals – 3.9%

 

Advanced Emissions Solutions, Inc.(a)

     275,000        3,179,000  

American Vanguard Corp.

     15,005        258,386  

Balchem Corp.

     20,699        1,920,867  

Cabot Corp.

     248,064        10,326,904  

Chase Corp.

     7,779        719,869  

FutureFuel Corp.

     97,901        1,311,873  

H.B. Fuller Co.

     106,792        5,194,363  

Hawkins, Inc.

     33,747        1,242,902  

Innophos Holdings, Inc.

     220,269        6,638,908  

Innospec, Inc.

     41,742        3,479,196  

Kronos Worldwide, Inc.

     996,995        13,977,870  

Minerals Technologies, Inc.

     17,955        1,055,574  

PolyOne Corp.

     299,557        8,780,016  

Quaker Chemical Corp.

     17,561        3,517,995  

Rayonier Advanced Materials, Inc.

     177,416        2,405,761  

Sensient Technologies Corp.

     143,783        9,747,050  

Stepan Co.

     38,206        3,343,789  

Tredegar Corp.

     131,072        2,115,502  

Valhi, Inc.

     993,076        2,294,005  
     

 

 

 
Total Chemicals

 

     81,509,830  
Commercial Services & Supplies – 6.3%

 

ABM Industries, Inc.

     244,611        8,891,610  

ACCO Brands Corp.

     512,206        4,384,483  

Brady Corp. Class A

     142,970        6,635,238  

Covanta Holding Corp.

     1,155,812        20,007,106  

Deluxe Corp.

     183,517        8,023,363  

Ennis, Inc.

     176,232        3,658,576  

Herman Miller, Inc.

     205,494        7,229,279  

HNI Corp.

     198,587        7,206,722  

Interface, Inc.

     153,120        2,345,798  

Kimball International, Inc. Class B

     112,073        1,584,712  

Knoll, Inc.

     233,943        4,423,862  

LSC Communications, Inc.

     646,762        4,223,356  

Matthews International Corp. Class A

     87,464        3,231,795  

McGrath RentCorp

     85,184        4,818,859  

Mobile Mini, Inc.

     187,742        6,371,964  

Multi-Color Corp.

     18,738        934,839  

Pitney Bowes, Inc.

     2,983,667        20,497,792  

Quad/Graphics, Inc.

     491,888      5,853,467  

RR Donnelley & Sons Co.

     144,686        682,918  

Steelcase, Inc. Class A

     450,081        6,548,679  

U.S. Ecology, Inc.

     40,751        2,281,241  

UniFirst Corp.

     4,207        645,775  

Viad Corp.

     20,836        1,172,858  

VSE Corp.

     18,317        578,451  
     

 

 

 
Total Commercial Services & Supplies

 

     132,232,743  
Communications Equipment – 0.8%

 

ADTRAN, Inc.

     225,253        3,085,966  

Comtech Telecommunications Corp.

     58,504        1,358,463  

InterDigital, Inc.

     90,167        5,949,219  

Plantronics, Inc.

     89,475        4,125,692  

TESSCO Technologies, Inc.

     79,911        1,237,022  
     

 

 

 
Total Communications Equipment

 

     15,756,362  
Construction & Engineering – 1.1%

 

Argan, Inc.

     55,751        2,784,762  

Comfort Systems USA, Inc.

     36,966        1,936,649  

Granite Construction, Inc.

     81,687        3,524,794  

KBR, Inc.

     380,651        7,266,628  

Primoris Services Corp.

     74,696        1,544,713  

Valmont Industries, Inc.

     38,902        5,061,150  
     

 

 

 
Total Construction & Engineering

 

     22,118,696  
Construction Materials – 0.0%

 

United States Lime & Minerals, Inc.

     6,472        499,121  
Consumer Finance – 0.4%

 

Navient Corp.

     694,412        8,034,347  

Nelnet, Inc. Class A

     17,895        985,477  
     

 

 

 
Total Consumer Finance

 

     9,019,824  
Containers & Packaging – 1.2%

 

Greif, Inc. Class A

     134,800        5,560,500  

Greif, Inc. Class B

     76,386        3,734,512  

Myers Industries, Inc.

     174,791        2,990,674  

Owens-Illinois, Inc.

     262,530        4,982,819  

Silgan Holdings, Inc.

     236,664        7,012,354  
     

 

 

 
Total Containers & Packaging

 

     24,280,859  
Distributors – 0.3%

 

Core-Mark Holding Co., Inc.

     112,126        4,163,238  

Weyco Group, Inc.

     42,357        1,311,373  
     

 

 

 
Total Distributors

 

     5,474,611  
Diversified Consumer Services – 0.5%

 

Carriage Services, Inc.

     24,875        478,844  

Collectors Universe, Inc.

     42,476        744,179  

Graham Holdings Co. Class B

     5,024        3,432,296  

Strategic Education, Inc.

     47,732        6,267,689  
     

 

 

 
Total Diversified Consumer Services

 

     10,923,008  
Diversified Financial Services – 0.0%

 

Marlin Business Services Corp.

     15,689        337,313  
Diversified Telecommunication Services – 1.6%

 

ATN International, Inc.

     19,730        1,112,575  

 

See Notes to Financial Statements.

 

64   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Cogent Communications Holdings, Inc.

     304,371      $ 16,512,127  

Consolidated Communications Holdings, Inc.(a)

     1,326,417        14,471,209  

IDT Corp. Class B*

     123,698        821,355  
     

 

 

 
Total Diversified Telecommunication Services

 

     32,917,266  
Electric Utilities – 1.2%

 

El Paso Electric Co.

     141,499        8,322,971  

Genie Energy Ltd. Class B

     189,132        1,607,622  

MGE Energy, Inc.

     102,151        6,943,203  

Otter Tail Corp.

     160,184        7,980,367  

Spark Energy, Inc. Class A(a)

     108,593        967,564  
     

 

 

 
Total Electric Utilities

 

     25,821,727  
Electrical Equipment – 0.2%

 

Allied Motion Technologies, Inc.

     4,762        163,717  

AZZ, Inc.

     45,526        1,863,379  

Encore Wire Corp.

     5,631        322,206  

LSI Industries, Inc.

     223,409        587,566  

Powell Industries, Inc.

     46,719        1,240,389  

Preformed Line Products Co.

     9,196        488,216  
     

 

 

 
Total Electrical Equipment

 

     4,665,473  
Electronic Equipment, Instruments & Components – 1.9%

 

AVX Corp.

     679,498        11,782,495  

Badger Meter, Inc.

     49,522        2,755,404  

Bel Fuse, Inc. Class B

     17,710        447,709  

Belden, Inc.

     28,471        1,528,893  

Benchmark Electronics, Inc.

     168,851        4,432,339  

CTS Corp.

     26,110        766,851  

Daktronics, Inc.

     192,797        1,436,338  

KEMET Corp.

     92,039        1,561,902  

Mesa Laboratories, Inc.

     3,204        738,522  

Methode Electronics, Inc.

     99,328        2,858,660  

MTS Systems Corp.

     66,872        3,641,849  

Park Electrochemical Corp.

     59,596        935,657  

PC Connection, Inc.

     32,411        1,188,511  

Vishay Intertechnology, Inc.

     328,095        6,059,914  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     40,135,044  
Energy Equipment & Services – 1.6%

 

Archrock, Inc.

     1,098,231        10,740,699  

DMC Global, Inc.

     9,049        449,192  

Liberty Oilfield Services, Inc. Class A(a)

     132,344        2,036,774  

Mammoth Energy Services, Inc.

     145,421        2,421,260  

RPC, Inc.(a)

     1,094,412        12,487,241  

U.S. Silica Holdings, Inc.(a)

     259,782        4,509,816  
     

 

 

 
Total Energy Equipment & Services

 

     32,644,982  
Entertainment – 0.4%

 

AMC Entertainment Holdings, Inc. Class A(a)

     395,091        5,867,101  

Marcus Corp. (The)

     49,934        1,999,857  
     

 

 

 
Total Entertainment

 

     7,866,958  
Equity Real Estate Investment Trusts (REITs) – 13.2%

 

Acadia Realty Trust

     125,546        3,423,639  

Agree Realty Corp.

     63,721        4,418,414  

Alexander’s, Inc.

     10,967        4,125,456  

American Assets Trust, Inc.

     54,552      2,501,755  

American Finance Trust, Inc.

     275,049        2,970,529  

Armada Hoffler Properties, Inc.

     103,386        1,611,788  

Ashford Hospitality Trust, Inc.

     536,840        2,549,990  

Bluerock Residential Growth REIT, Inc.

     93,537        1,008,329  

Braemar Hotels & Resorts, Inc.

     86,464        1,055,725  

Brandywine Realty Trust

     411,455        6,525,676  

Brookfield Property REIT, Inc. Class A

     439,109        8,997,343  

BRT Apartments Corp.

     49,354        685,034  

CareTrust REIT, Inc.

     169,637        3,979,684  

CatchMark Timber Trust, Inc. Class A

     197,502        1,939,470  

CBL & Associates Properties, Inc.(a)

     824,950        1,278,673  

Cedar Realty Trust, Inc.

     84,721        288,051  

Chatham Lodging Trust

     125,396        2,412,619  

Chesapeake Lodging Trust

     143,058        3,978,443  

CIM Commercial Trust Corp.

     27,182        497,159  

Clipper Realty, Inc.

     32,609        436,635  

Columbia Property Trust, Inc.

     183,321        4,126,556  

Community Healthcare Trust, Inc.

     56,534        2,029,005  

Condor Hospitality Trust, Inc.

     45,087        405,783  

CoreCivic, Inc.

     380,384        7,398,469  

CorEnergy Infrastructure Trust, Inc.(a)

     51,864        1,906,002  

CorePoint Lodging, Inc.

     181,591        2,028,372  

Corporate Office Properties Trust

     223,583        6,103,816  

DiamondRock Hospitality Co.

     445,840        4,828,447  

Easterly Government Properties, Inc.

     142,472        2,565,921  

Empire State Realty Trust, Inc. Class A

     188,525        2,978,695  

Essential Properties Realty Trust, Inc.

     116,547        2,274,998  

Four Corners Property Trust, Inc.

     131,409        3,889,706  

Franklin Street Properties Corp.

     190,561        1,370,134  

GEO Group, Inc. (The)

     405,690        7,789,248  

Getty Realty Corp.

     96,214        3,081,734  

Gladstone Commercial Corp.

     102,336        2,125,519  

Gladstone Land Corp.(a)

     26,862        339,804  

Global Medical REIT, Inc.

     102,477        1,006,324  

Global Net Lease, Inc.

     336,713        6,363,876  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     120,950        3,101,158  

Hersha Hospitality Trust

     94,845        1,625,643  

Independence Realty Trust, Inc.

     299,024        3,226,469  

Industrial Logistics Properties Trust

     376,629        7,596,607  

InfraREIT, Inc.

     103,338        2,166,998  

Innovative Industrial Properties, Inc.(a)

     10,776        880,291  

Investors Real Estate Trust

     30,319        1,816,411  

iStar, Inc.

     127,043        1,069,702  

Jernigan Capital, Inc.

     52,274        1,099,845  

Kite Realty Group Trust

     258,084        4,126,763  

Lexington Realty Trust

     798,738        7,236,566  

LTC Properties, Inc.

     75,428        3,454,602  

Mack-Cali Realty Corp.

     123,492        2,741,522  

MedEquities Realty Trust, Inc.

     221,687        2,467,376  

Monmouth Real Estate Investment Corp.

     179,495        2,365,744  

National Storage Affiliates Trust

     101,038        2,880,593  

New Senior Investment Group, Inc.

     308,474        1,681,183  

 

See Notes to Financial Statements.

 

WisdomTree Trust      65  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  

NexPoint Residential Trust, Inc.

     40,742      $ 1,562,048  

NorthStar Realty Europe Corp.

     99,654        1,729,993  

Office Properties Income Trust

     241,145        6,665,248  

One Liberty Properties, Inc.

     65,985        1,913,565  

Outfront Media, Inc.

     416,493        9,745,936  

Pebblebrook Hotel Trust

     131,562        4,086,316  

Pennsylvania Real Estate Investment Trust(a)

     313,427        1,971,456  

Piedmont Office Realty Trust, Inc. Class A

     236,076        4,922,185  

PotlatchDeltic Corp.

     116,960        4,419,918  

Preferred Apartment Communities, Inc. Class A

     140,468        2,081,736  

QTS Realty Trust, Inc. Class A

     86,482        3,890,825  

Retail Opportunity Investments Corp.

     199,358        3,456,868  

Retail Properties of America, Inc. Class A

     429,412        5,234,532  

RPT Realty

     171,810        2,063,438  

Safehold, Inc.

     32,694        713,056  

Saul Centers, Inc.

     38,564        1,981,033  

Seritage Growth Properties Class A(a)

     37,360        1,660,278  

SITE Centers Corp.

     449,397        6,120,787  

STAG Industrial, Inc.

     236,928        7,024,915  

Summit Hotel Properties, Inc.

     319,677        3,647,515  

Tanger Factory Outlet Centers, Inc.(a)

     209,403        4,393,275  

Terreno Realty Corp.

     68,539        2,881,380  

Tier REIT, Inc.

     92,022        2,637,351  

UMH Properties, Inc.

     90,915        1,280,083  

Universal Health Realty Income Trust

     26,105        1,976,410  

Urban Edge Properties

     198,784        3,776,896  

Urstadt Biddle Properties, Inc. Class A

     75,367        1,555,575  

Washington Prime Group, Inc.(a)

     837,012        4,729,118  

Washington Real Estate Investment Trust

     139,338        3,954,413  

Whitestone REIT

     146,855        1,765,197  

Xenia Hotels & Resorts, Inc.

     260,769        5,713,449  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     276,389,089  
Food & Staples Retailing – 0.7%

 

Andersons, Inc. (The)

     77,929        2,511,652  

Ingles Markets, Inc. Class A

     35,918        992,055  

PriceSmart, Inc.

     48,241        2,840,430  

SpartanNash Co.

     206,460        3,276,520  

Village Super Market, Inc. Class A

     57,448        1,570,054  

Weis Markets, Inc.

     99,721        4,069,614  
     

 

 

 
Total Food & Staples Retailing

 

     15,260,325  
Food Products – 1.4%

 

Alico, Inc.

     11,205        304,888  

B&G Foods, Inc.(a)

     557,451        13,612,953  

Calavo Growers, Inc.

     30,346        2,544,512  

J&J Snack Foods Corp.

     30,489        4,842,873  

John B. Sanfilippo & Son, Inc.

     11,714        841,885  

Limoneira Co.

     30,419        715,759  

Sanderson Farms, Inc.(a)

     40,771        5,375,249  

Tootsie Roll Industries, Inc.(a)

     52,894        1,969,790  
     

 

 

 
Total Food Products

 

     30,207,909  
Gas Utilities – 1.2%

 

Chesapeake Utilities Corp.

     40,704        3,712,612  

Northwest Natural Holding Co.

     113,032        7,418,290  

RGC Resources, Inc.

     12,736      337,632  

South Jersey Industries, Inc.

     438,446        14,060,963  
     

 

 

 
Total Gas Utilities

 

     25,529,497  
Health Care Equipment & Supplies – 0.5%

 

Atrion Corp.

     2,416        2,122,891  

CONMED Corp.

     55,597        4,624,558  

Invacare Corp.

     48,505        405,987  

LeMaitre Vascular, Inc.

     22,356        693,036  

Meridian Bioscience, Inc.

     160,807        2,831,811  

Utah Medical Products, Inc.

     6,167        544,238  
     

 

 

 
Total Health Care Equipment & Supplies

 

     11,222,521  
Health Care Providers & Services – 1.2%

 

Ensign Group, Inc. (The)

     36,462        1,866,490  

National HealthCare Corp.

     53,292        4,043,797  

National Research Corp.

     68,682        2,651,125  

Owens & Minor, Inc.

     294,500        1,207,450  

Patterson Cos., Inc.

     638,110        13,942,703  

U.S. Physical Therapy, Inc.

     18,122        1,903,354  
     

 

 

 
Total Health Care Providers & Services

 

     25,614,919  
Health Care Technology – 0.1%

 

Computer Programs & Systems, Inc.

     32,512        965,281  

Simulations Plus, Inc.

     27,052        571,068  
     

 

 

 
Total Health Care Technology

 

     1,536,349  
Hotels, Restaurants & Leisure – 3.2%

 

BBX Capital Corp.

     54,604        323,256  

BJ’s Restaurants, Inc.

     30,661        1,449,652  

Bloomin’ Brands, Inc.

     248,299        5,077,715  

Bluegreen Vacations Corp.(a)

     454,800        6,758,328  

Boyd Gaming Corp.

     155,656        4,258,748  

Brinker International, Inc.

     161,505        7,167,592  

Cheesecake Factory, Inc. (The)

     180,128        8,811,862  

Dave & Buster’s Entertainment, Inc.

     70,619        3,521,769  

Dine Brands Global, Inc.

     76,504        6,984,050  

International Speedway Corp. Class A

     39,246        1,712,303  

Jack in the Box, Inc.

     65,145        5,280,654  

Nathan’s Famous, Inc.

     6,351        434,408  

Papa John’s International, Inc.(a)

     82,306        4,358,103  

RCI Hospitality Holdings, Inc.

     8,800        202,136  

Red Rock Resorts, Inc. Class A

     169,011        4,368,934  

Ruth’s Hospitality Group, Inc.

     75,534        1,932,915  

Speedway Motorsports, Inc.

     135,602        1,962,161  

Wingstop, Inc.

     24,994        1,900,294  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     66,504,880  
Household Durables – 1.7%

 

Bassett Furniture Industries, Inc.

     48,575        797,116  

Ethan Allen Interiors, Inc.

     160,455        3,069,504  

Flexsteel Industries, Inc.

     52,627        1,220,420  

Hamilton Beach Brands Holding Co. Class A

     15,404        330,570  

Hooker Furniture Corp.

     34,801        1,003,313  

KB Home

     68,146        1,647,089  

La-Z-Boy, Inc.

     122,143        4,029,498  

Lifetime Brands, Inc.

     26,339        248,903  

 

See Notes to Financial Statements.

 

66   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  

MDC Holdings, Inc.

     366,072      $ 10,638,052  

Tupperware Brands Corp.

     517,471        13,236,908  
     

 

 

 
Total Household Durables

 

     36,221,373  
Household Products – 1.4%

 

Energizer Holdings, Inc.

     196,929        8,848,020  

Oil-Dri Corp. of America

     27,598        859,402  

Spectrum Brands Holdings, Inc.

     277,082        15,178,552  

WD-40 Co.

     25,385        4,301,234  
     

 

 

 
Total Household Products

 

     29,187,208  
Independent Power & Renewable Electricity Producers – 3.3%

 

Clearway Energy, Inc. Class A

     380,307        5,529,664  

Clearway Energy, Inc. Class C

     705,307        10,657,189  

Ormat Technologies, Inc.

     43,510        2,399,576  

Pattern Energy Group, Inc. Class A

     1,099,190        24,182,180  

TerraForm Power, Inc. Class A

     1,901,077        26,120,798  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     68,889,407  
Industrial Conglomerates – 0.1%

 

Raven Industries, Inc.

     76,740        2,944,514  
Insurance – 0.9%

 

AMERISAFE, Inc.

     7,994        474,844  

Crawford & Co. Class A

     46,283        427,655  

Crawford & Co. Class B

     21,024        191,949  

Donegal Group, Inc. Class A

     36,817        495,189  

EMC Insurance Group, Inc.

     35,200        1,122,176  

Employers Holdings, Inc.

     21,102        846,401  

FBL Financial Group, Inc. Class A

     24,007        1,505,719  

FedNat Holding Co.

     6,019        96,545  

HCI Group, Inc.

     15,440        659,751  

Heritage Insurance Holdings, Inc.

     22,838        333,435  

Horace Mann Educators Corp.

     45,595        1,605,400  

Independence Holding Co.

     3,260        114,915  

Investors Title Co.

     875        138,163  

Kingstone Cos., Inc.

     8,702        128,267  

Kinsale Capital Group, Inc.

     7,111        487,601  

National Western Life Group, Inc. Class A

     314        82,416  

Navigators Group, Inc. (The)

     952        66,516  

ProAssurance Corp.

     70,679        2,446,200  

Protective Insurance Corp. Class B

     13,755        254,743  

Safety Insurance Group, Inc.

     26,837        2,338,576  

State Auto Financial Corp.

     30,921        1,017,919  

Stewart Information Services Corp.

     15,390        656,999  

Tiptree, Inc.

     27,810        176,037  

United Fire Group, Inc.

     23,365        1,021,284  

United Insurance Holdings Corp.

     11,582        184,154  

Universal Insurance Holdings, Inc.

     28,193        873,983  
     

 

 

 
Total Insurance

 

     17,746,837  
Internet & Direct Marketing Retail – 0.2%

 

PetMed Express, Inc.(a)

     137,277        3,127,170  
IT Services – 1.5%

 

Cass Information Systems, Inc.

     31,962        1,511,803  

CSG Systems International, Inc.

     113,931        4,819,281  

Hackett Group, Inc. (The)

     75,834      1,198,177  

ManTech International Corp. Class A

     66,595        3,597,462  

NIC, Inc.

     220,739        3,772,429  

Presidio, Inc.

     132,510        1,961,148  

Science Applications International Corp.

     101,527        7,812,503  

Switch, Inc. Class A(a)

     100,093        1,031,959  

TTEC Holdings, Inc.

     130,590        4,731,276  
     

 

 

 
Total IT Services

 

     30,436,038  
Leisure Products – 0.5%

 

Acushnet Holdings Corp.

     237,186        5,488,484  

Callaway Golf Co.

     33,538        534,261  

Clarus Corp.

     38,241        489,867  

Escalade, Inc.

     62,042        693,009  

Johnson Outdoors, Inc. Class A

     9,895        706,107  

Marine Products Corp.

     107,900        1,453,413  

Sturm Ruger & Co., Inc.

     36,206        1,919,642  
     

 

 

 
Total Leisure Products

 

     11,284,783  
Life Sciences Tools & Services – 0.1%

 

Luminex Corp.

     59,576        1,370,844  
Machinery – 4.3%

 

Actuant Corp. Class A

     15,766        384,217  

Alamo Group, Inc.

     9,553        954,727  

Albany International Corp. Class A

     47,524        3,402,243  

Altra Industrial Motion Corp.

     233,021        7,235,302  

Astec Industries, Inc.

     48,589        1,834,721  

Briggs & Stratton Corp.

     261,631        3,095,095  

Columbus McKinnon Corp.

     21,650        743,677  

Douglas Dynamics, Inc.

     89,238        3,397,291  

Eastern Co. (The)

     16,805        462,474  

EnPro Industries, Inc.

     43,850        2,826,132  

ESCO Technologies, Inc.

     22,902        1,535,121  

Federal Signal Corp.

     124,109        3,225,593  

Franklin Electric Co., Inc.

     71,296        3,642,513  

Global Brass & Copper Holdings, Inc.

     34,640        1,193,002  

Gorman-Rupp Co. (The)

     60,830        2,064,570  

Graham Corp.

     30,400        596,752  

Greenbrier Cos., Inc. (The)

     110,333        3,556,033  

Hillenbrand, Inc.

     173,191        7,192,622  

Hurco Cos., Inc.

     10,161        409,793  

Hyster-Yale Materials Handling, Inc.

     35,068        2,186,840  

John Bean Technologies Corp.

     23,267        2,138,005  

Kadant, Inc.

     15,367        1,351,681  

Lindsay Corp.

     21,486        2,079,630  

Miller Industries, Inc.

     41,906        1,292,800  

Mueller Industries, Inc.

     138,584        4,343,222  

Mueller Water Products, Inc. Class A

     434,814        4,365,532  

NN, Inc.

     292,628        2,191,784  

Omega Flex, Inc.

     18,555        1,406,469  

Park-Ohio Holdings Corp.

     24,525        794,119  

REV Group, Inc.(a)

     226,733        2,482,726  

Spartan Motors, Inc.

     82,614        729,482  

Standex International Corp.

     19,419        1,425,355  

Sun Hydraulics Corp.

     43,208        2,009,604  

 

See Notes to Financial Statements.

 

WisdomTree Trust      67  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Tennant Co.

     39,910      $ 2,478,012  

Terex Corp.

     145,189        4,664,923  

Titan International, Inc.

     59,890        357,543  

Wabash National Corp.

     194,534        2,635,936  

Watts Water Technologies, Inc. Class A

     41,606        3,362,597  
     

 

 

 
Total Machinery

 

     90,048,138  
Marine – 0.2%

 

Matson, Inc.

     141,807        5,117,815  
Media – 4.1%

 

Emerald Expositions Events, Inc.

     258,746        3,286,074  

Entercom Communications Corp. Class A

     1,113,613        5,846,468  

Entravision Communications Corp. Class A

     693,527        2,247,027  

EW Scripps Co. (The) Class A

     110,678        2,324,238  

Gannett Co., Inc.

     1,016,085        10,709,536  

John Wiley & Sons, Inc. Class A

     172,785        7,640,553  

Meredith Corp.(a)

     225,667        12,470,358  

National CineMedia, Inc.

     1,042,814        7,351,839  

New Media Investment Group, Inc.

     1,043,789        10,959,785  

Saga Communications, Inc. Class A

     22,117        734,063  

Scholastic Corp.

     62,021        2,465,955  

Sinclair Broadcast Group, Inc. Class A

     277,485        10,677,623  

TEGNA, Inc.

     649,121        9,152,606  
     

 

 

 
Total Media

 

     85,866,125  
Metals & Mining – 2.4%

 

Carpenter Technology Corp.

     142,345        6,526,518  

Commercial Metals Co.

     453,074        7,738,504  

Compass Minerals International, Inc.

     296,770        16,135,385  

Gold Resource Corp.

     56,399        221,648  

Haynes International, Inc.

     44,481        1,460,311  

Hecla Mining Co.

     408,853        940,362  

Kaiser Aluminum Corp.

     54,464        5,704,015  

Materion Corp.

     22,559        1,287,217  

Olympic Steel, Inc.

     7,800        123,786  

Schnitzer Steel Industries, Inc. Class A

     117,118        2,810,832  

Synalloy Corp.

     17,239        262,033  

Worthington Industries, Inc.

     190,986        7,127,597  
     

 

 

 
Total Metals & Mining

 

     50,338,208  
Mortgage Real Estate Investment Trusts (REITs) – 0.1%

 

Arlington Asset Investment Corp. Class A(a)

     218,319        1,737,819  
Multi-Utilities – 0.2%

 

Unitil Corp.

     61,103        3,309,950  
Multiline Retail – 0.5%

 

Big Lots, Inc.

     229,595        8,729,202  

Dillard’s, Inc. Class A(a)

     19,434        1,399,637  
     

 

 

 
Total Multiline Retail

 

     10,128,839  
Oil, Gas & Consumable Fuels – 1.9%

 

Adams Resources & Energy, Inc.

     14,890        581,603  

Arch Coal, Inc. Class A(a)

     48,179        4,397,297  

Berry Petroleum Corp.

     513,820        5,929,483  

Evolution Petroleum Corp.

     250,628        1,691,739  

Green Plains, Inc.

     167,771        2,798,420  

Hallador Energy Co.

     132,459      696,734  

NACCO Industries, Inc. Class A

     13,434        513,448  

Panhandle Oil and Gas, Inc. Class A

     20,872        327,690  

SemGroup Corp. Class A

     1,286,701        18,965,973  

SM Energy Co.

     101,536        1,775,865  

World Fuel Services Corp.

     89,557        2,587,302  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     40,265,554  
Paper & Forest Products – 2.0%

 

Boise Cascade Co.

     86,027        2,302,083  

Domtar Corp.

     390,000        19,363,500  

Neenah, Inc.

     63,295        4,073,666  

PH Glatfelter Co.

     298,565        4,215,738  

Schweitzer-Mauduit International, Inc.

     287,300        11,124,256  
     

 

 

 
Total Paper & Forest Products

 

     41,079,243  
Personal Products – 0.5%

 

Inter Parfums, Inc.

     88,521        6,716,088  

Medifast, Inc.

     25,767        3,286,581  

Natural Health Trends Corp.(a)

     52,809        684,405  
     

 

 

 
Total Personal Products

 

     10,687,074  
Pharmaceuticals – 0.1%

 

Phibro Animal Health Corp. Class A

     40,720        1,343,760  
Professional Services – 1.1%

 

Barrett Business Services, Inc.

     15,923        1,231,326  

BG Staffing, Inc.

     80,726        1,763,056  

CRA International, Inc.

     21,537        1,088,480  

Exponent, Inc.

     87,669        5,060,255  

Heidrick & Struggles International, Inc.

     44,746        1,715,114  

ICF International, Inc.

     14,553        1,107,192  

Kelly Services, Inc. Class A

     72,592        1,601,379  

Kforce, Inc.

     82,543        2,898,910  

Korn Ferry

     72,877        3,263,432  

Navigant Consulting, Inc.

     51,294        998,694  

Resources Connection, Inc.

     158,477        2,621,210  
     

 

 

 
Total Professional Services

 

     23,349,048  
Real Estate Management & Development – 0.5%

 

Consolidated-Tomoka Land Co.

     532        31,415  

Griffin Industrial Realty, Inc.

     3,118        108,662  

Kennedy-Wilson Holdings, Inc.

     251,389        5,377,211  

Newmark Group, Inc. Class A

     239,656        1,998,731  

RE/MAX Holdings, Inc. Class A

     25,803        994,448  

Realogy Holdings Corp.(a)

     118,149        1,346,898  

RMR Group, Inc. (The) Class A

     9,266        565,041  
     

 

 

 
Total Real Estate Management & Development

 

     10,422,406  
Road & Rail – 0.6%

 

ArcBest Corp.

     37,131        1,143,263  

Heartland Express, Inc.

     49,806        960,260  

Marten Transport Ltd.

     45,297        807,646  

Schneider National, Inc. Class B

     141,786        2,984,595  

Universal Logistics Holdings, Inc.

     83,911        1,651,368  

Werner Enterprises, Inc.

     117,358        4,007,776  
     

 

 

 
Total Road & Rail

 

     11,554,908  

 

See Notes to Financial Statements.

 

68   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  
Semiconductors & Semiconductor Equipment – 0.9%

 

Brooks Automation, Inc.

     156,997      $ 4,604,722  

Cohu, Inc.

     70,365        1,037,884  

NVE Corp.

     28,960        2,834,894  

Power Integrations, Inc.

     42,427        2,967,344  

Xperi Corp.

     288,896        6,760,167  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     18,205,011  
Software – 1.2%

 

American Software, Inc. Class A

     175,819        2,101,037  

Ebix, Inc.(a)

     29,265        1,444,813  

Monotype Imaging Holdings, Inc.

     164,078        3,263,512  

Progress Software Corp.

     110,552        4,905,192  

QAD, Inc. Class A

     20,690        891,118  

TiVo Corp.

     1,267,848        11,816,343  
     

 

 

 
Total Software

 

     24,422,015  
Specialty Retail – 6.5%

 

Abercrombie & Fitch Co. Class A

     394,250        10,806,392  

Barnes & Noble, Inc.

     917,739        4,983,323  

Bed Bath & Beyond, Inc.(a)

     1,062,588        18,053,370  

Buckle, Inc. (The)(a)

     369,257        6,912,491  

Caleres, Inc.

     62,326        1,538,829  

Camping World Holdings, Inc. Class A(a)

     130,078        1,809,385  

Cato Corp. (The) Class A

     296,720        4,444,866  

Chico’s FAS, Inc.

     1,066,166        4,552,529  

Children’s Place, Inc. (The)

     46,948        4,567,101  

Citi Trends, Inc.

     27,224        525,695  

Designer Brands, Inc.

     428,409        9,519,248  

Dick’s Sporting Goods, Inc.

     268,777        9,893,681  

GameStop Corp. Class A(a)

     1,689,954        17,169,933  

Group 1 Automotive, Inc.

     56,795        3,674,637  

Guess?, Inc.

     502,460        9,848,216  

Haverty Furniture Cos., Inc.

     99,338        2,173,515  

Lithia Motors, Inc. Class A

     52,300        4,850,825  

Monro, Inc.

     49,257        4,261,716  

Office Depot, Inc.

     2,752,328        9,990,951  

Shoe Carnival, Inc.(a)

     26,932        916,496  

Sonic Automotive, Inc. Class A

     87,451        1,295,149  

Tailored Brands, Inc.(a)

     346,169        2,713,965  

Tile Shop Holdings, Inc.

     295,199        1,670,826  

Winmark Corp.

     2,183        411,692  
     

 

 

 
Total Specialty Retail

 

     136,584,831  
Textiles, Apparel & Luxury Goods – 0.7%

 

Culp, Inc.

     36,075        693,722  

Movado Group, Inc.

     53,834        1,958,481  

Oxford Industries, Inc.

     43,706        3,289,313  

Rocky Brands, Inc.

     21,949        525,898  

Steven Madden Ltd.

     237,670        8,042,753  

Superior Group of Cos., Inc.

     36,601        608,309  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     15,118,476  
Thrifts & Mortgage Finance – 1.3%

 

Capitol Federal Financial, Inc.

     147,083        1,963,558  

Dime Community Bancshares, Inc.

     63,293        1,185,478  

ESSA Bancorp, Inc.

     12,600      194,040  

Federal Agricultural Mortgage Corp. Class C

     13,625        986,859  

First Defiance Financial Corp.

     19,537        561,493  

FS Bancorp, Inc.

     1,364        68,855  

Hingham Institution for Savings

     948        163,065  

Home Bancorp, Inc.

     6,256        208,012  

Kearny Financial Corp.

     58,382        751,376  

Luther Burbank Corp.

     70,990        716,999  

Meridian Bancorp, Inc.

     25,113        394,023  

Meta Financial Group, Inc.

     9,069        178,478  

Northfield Bancorp, Inc.

     79,829        1,109,623  

Northwest Bancshares, Inc.

     161,673        2,743,591  

OceanFirst Financial Corp.

     40,335        970,460  

Oritani Financial Corp.

     135,531        2,253,881  

Provident Financial Holdings, Inc.

     10,967        218,463  

Provident Financial Services, Inc.

     90,026        2,330,773  

Prudential Bancorp, Inc.

     2,935        50,922  

Riverview Bancorp, Inc.

     13,361        97,669  

SI Financial Group, Inc.

     25,747        332,394  

Southern Missouri Bancorp, Inc.

     4,688        144,390  

Standard AVB Financial Corp.

     1,631        43,988  

Sterling Bancorp, Inc.

     47,662        483,293  

Territorial Bancorp, Inc.

     19,495        524,610  

Timberland Bancorp, Inc.

     6,216        173,924  

TrustCo Bank Corp.

     151,790        1,177,890  

United Community Financial Corp.

     45,673        427,043  

United Financial Bancorp, Inc.

     74,003        1,061,943  

Walker & Dunlop, Inc.

     25,164        1,281,099  

Washington Federal, Inc.

     89,013        2,571,586  

Waterstone Financial, Inc.

     40,540        667,288  

Western New England Bancorp, Inc.

     22,127        204,232  

WSFS Financial Corp.

     14,780        570,508  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     26,811,806  
Tobacco – 2.0%

 

Turning Point Brands, Inc.

     19,674        906,775  

Universal Corp.

     165,835        9,557,071  

Vector Group Ltd.

     2,856,858        30,825,498  
     

 

 

 
Total Tobacco

 

     41,289,344  
Trading Companies & Distributors – 1.0%

 

Applied Industrial Technologies, Inc.

     108,826        6,471,882  

H&E Equipment Services, Inc.

     274,966        6,904,396  

Kaman Corp.

     53,041        3,099,716  

Rush Enterprises, Inc. Class A

     66,693        2,788,434  

Rush Enterprises, Inc. Class B

     11,846        491,965  

Systemax, Inc.

     77,899        1,763,634  
     

 

 

 
Total Trading Companies & Distributors

 

     21,520,027  
Water Utilities – 1.2%

 

American States Water Co.

     91,640        6,533,932  

Artesian Resources Corp. Class A

     26,732        996,302  

California Water Service Group

     115,214        6,253,816  

Connecticut Water Service, Inc.

     35,024        2,404,398  

Global Water Resources, Inc.

     94,157        923,680  

Middlesex Water Co.

     46,426        2,599,392  

 

See Notes to Financial Statements.

 

WisdomTree Trust      69  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Dividend Fund (DES)

March 31, 2019

 

 

 

Investments    Shares      Value  

SJW Group

     75,226      $ 4,644,453  

York Water Co. (The)

     34,136        1,171,547  
     

 

 

 
Total Water Utilities

 

     25,527,520  
Wireless Telecommunication Services – 0.2%

 

Shenandoah Telecommunications Co.

     44,174        1,959,558  

Spok Holdings, Inc.

     106,777        1,454,303  
     

 

 

 
Total Wireless Telecommunication Services

 

     3,413,861  
Total United States               2,061,680,966  
Puerto Rico – 0.1%      
IT Services – 0.1%      

EVERTEC, Inc.

     73,696        2,049,486  

TOTAL COMMON STOCKS

(Cost: $2,036,116,942)

              2,063,730,452  
EXCHANGE-TRADED FUND – 0.9%      
United States – 0.9%      

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

(Cost: $18,023,392)

     530,617        18,990,782  
RIGHTS – 0.0%      
United States – 0.0%      

A. Schulman, Inc. CVR*

(Cost: $46,058)

     106,369        46,058  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%

 

United States – 2.5%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

(Cost: $52,465,765)(d)

     52,465,765        52,465,765  

TOTAL INVESTMENTS IN SECURITIES – 102.3%

(Cost: $2,106,652,157)

 

 

     2,135,233,057  

Other Assets less Liabilities – (2.3)%

        (47,528,018
     

 

 

 
NET ASSETS – 100.0%             $ 2,087,705,039  
 

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 $46,058, which represent less than 0.0% of net assets.

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $99,316,811 and the total market value of the collateral held by the Fund was $102,153,222. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $49,687,457.

CVR – Contingent Value Rights

 

See Notes to Financial Statements.

 

70   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
United States – 99.3%

 

Aerospace & Defense – 0.5%

 

AAR Corp.

     25,487      $ 828,582  

Aerovironment, Inc.*

     8,631        590,447  

Astronics Corp.*

     19,984        653,876  

Ducommun, Inc.*

     1,786        77,727  

National Presto Industries, Inc.

     5,163        560,444  

Vectrus, Inc.*

     21,403        569,106  

Wesco Aircraft Holdings, Inc.*

     71,814        631,245  
     

 

 

 
Total Aerospace & Defense

 

     3,911,427  
Air Freight & Logistics – 1.1%

 

Air Transport Services Group, Inc.*

     90,959        2,096,605  

Atlas Air Worldwide Holdings, Inc.*

     46,569        2,354,529  

Echo Global Logistics, Inc.*

     18,704        463,485  

Forward Air Corp.

     22,625        1,464,516  

Hub Group, Inc. Class A*

     31,827        1,300,133  

Radiant Logistics, Inc.*

     25,278        159,251  
     

 

 

 
Total Air Freight & Logistics

 

     7,838,519  
Airlines – 0.5%

 

Hawaiian Holdings, Inc.

     136,338        3,578,873  
Auto Components – 4.2%

 

American Axle & Manufacturing Holdings, Inc.*

     509,001        7,283,804  

Cooper Tire & Rubber Co.

     48,025        1,435,467  

Cooper-Standard Holdings, Inc.*

     43,336        2,035,059  

Dana, Inc.

     401,274        7,118,601  

Gentherm, Inc.*

     17,995        663,296  

LCI Industries

     38,643        2,968,555  

Modine Manufacturing Co.*

     112,060        1,554,272  

Motorcar Parts of America, Inc.*

     9,271        174,944  

Shiloh Industries, Inc.*

     39,331        216,320  

Standard Motor Products, Inc.

     17,876        877,712  

Stoneridge, Inc.*

     31,216        900,894  

Tenneco, Inc. Class A

     198,207        4,392,267  

Tower International, Inc.

     49,678        1,044,728  
     

 

 

 
Total Auto Components

 

     30,665,919  
Automobiles – 0.3%

 

Winnebago Industries, Inc.

     75,886        2,363,849  
Banks – 11.3%

 

1st Source Corp.

     20,223        908,215  

Allegiance Bancshares, Inc.*

     10,384        350,149  

American National Bankshares, Inc.

     7,161        250,062  

Ameris Bancorp

     32,477        1,115,585  

Arrow Financial Corp.

     12,175        400,436  

Atlantic Capital Bancshares, Inc.*

     13,740        244,984  

Banc of California, Inc.

     19,029        263,361  

BancFirst Corp.

     25,663        1,338,326  

Bancorp, Inc. (The)*

     114,715        926,897  

Bank of Commerce Holdings

     14,499        152,964  

Bank of Marin Bancorp

     7,742        315,022  

BankFinancial Corp.

     9,812        145,904  

Banner Corp.

     26,135        1,415,733  

Bar Harbor Bankshares

     16,510      427,114  

Baycom Corp.*

     7,710        174,554  

BCB Bancorp, Inc.

     10,625        142,375  

Berkshire Hills Bancorp, Inc.

     43,183        1,176,305  

Boston Private Financial Holdings, Inc.

     49,643        544,087  

Bridge Bancorp, Inc.

     11,700        342,810  

Brookline Bancorp, Inc.

     60,415        869,976  

Bryn Mawr Bank Corp.

     17,189        621,039  

Byline Bancorp, Inc.*

     13,850        255,948  

C&F Financial Corp.

     3,737        189,092  

Cadence BanCorp

     132,946        2,466,148  

Cambridge Bancorp

     3,232        267,771  

Camden National Corp.

     15,805        659,385  

Capital City Bank Group, Inc.

     8,338        181,602  

Capstar Financial Holdings, Inc.

     8,645        124,834  

Carolina Financial Corp.

     14,843        513,419  

CBTX, Inc.

     12,793        415,389  

Central Pacific Financial Corp.

     25,310        729,940  

Central Valley Community Bancorp

     11,330        221,502  

Century Bancorp, Inc. Class A

     5,351        390,623  

Chemung Financial Corp.

     3,719        174,533  

Citizens & Northern Corp.

     7,590        190,054  

City Holding Co.

     12,142        925,099  

Civista Bancshares, Inc.

     5,983        130,609  

CNB Financial Corp.

     15,344        387,743  

Codorus Valley Bancorp, Inc.

     8,682        185,361  

Community Trust Bancorp, Inc.

     15,991        656,591  

ConnectOne Bancorp, Inc.

     32,751        645,195  

Customers Bancorp, Inc.*

     42,020        769,386  

Eagle Bancorp, Inc.*

     31,383        1,575,427  

Enterprise Bancorp, Inc.

     10,956        314,766  

Enterprise Financial Services Corp.

     24,006        978,725  

Equity Bancshares, Inc. Class A*

     9,990        287,712  

Esquire Financial Holdings, Inc.*

     4,482        102,010  

Farmers & Merchants Bancorp, Inc.(a)

     4,541        136,684  

Farmers National Banc Corp.

     26,972        371,944  

FB Financial Corp.

     25,843        820,774  

Fidelity Southern Corp.

     22,384        613,098  

Financial Institutions, Inc.

     15,650        425,367  

First Bancorp

     26,189        910,330  

First Bancshares, Inc. (The)

     6,944        214,570  

First Bank

     14,774        170,344  

First Busey Corp.

     40,566        989,810  

First Business Financial Services, Inc.

     8,105        162,262  

First Commonwealth Financial Corp.

     90,202        1,136,545  

First Community Bankshares, Inc.

     10,472        347,042  

First Community Corp.

     4,894        93,329  

First Financial Corp.

     11,633        488,586  

First Financial Northwest, Inc.

     10,847        170,840  

First Foundation, Inc.

     30,516        414,102  

First Internet Bancorp

     11,410        220,555  

First Merchants Corp.

     45,962        1,693,700  

First Mid-Illinois Bancshares, Inc.

     11,611        386,879  

First of Long Island Corp. (The)

     19,081        418,446  

 

See Notes to Financial Statements.

 

WisdomTree Trust      71  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Flushing Financial Corp.

     27,145      $ 595,290  

Franklin Financial Network, Inc.

     16,628        482,378  

German American Bancorp, Inc.

     17,782        522,791  

Great Southern Bancorp, Inc.

     14,626        759,089  

Guaranty Bancshares, Inc.

     6,103        178,330  

Hanmi Financial Corp.

     33,694        716,671  

HarborOne Bancorp, Inc.*

     10,779        185,399  

Heartland Financial USA, Inc.

     25,489        1,087,106  

Heritage Commerce Corp.

     29,837        361,028  

Heritage Financial Corp.

     18,637        561,719  

Hilltop Holdings, Inc.

     86,688        1,582,056  

HomeTrust Bancshares, Inc.

     12,007        302,576  

Hope Bancorp, Inc.

     170,651        2,232,115  

Horizon Bancorp, Inc.

     34,503        555,153  

Independent Bank Corp.

     19,306        415,079  

Independent Bank Group, Inc.

     40,409        2,072,578  

Investar Holding Corp.

     5,949        135,102  

Lakeland Bancorp, Inc.

     44,597        665,833  

Lakeland Financial Corp.

     19,854        897,798  

LCNB Corp.

     9,785        167,813  

LegacyTexas Financial Group, Inc.

     39,958        1,494,030  

Live Oak Bancshares, Inc.(a)

     69,663        1,017,776  

Macatawa Bank Corp.

     31,119        309,323  

Mercantile Bank Corp.

     14,775        483,438  

Metropolitan Bank Holding Corp.*

     7,091        246,696  

Midland States Bancorp, Inc.

     14,580        350,795  

MidWestOne Financial Group, Inc.

     10,874        296,317  

National Bank Holdings Corp. Class A

     18,007        598,913  

National Bankshares, Inc.

     5,540        237,389  

NBT Bancorp, Inc.

     34,143        1,229,489  

Nicolet Bankshares, Inc.*

     9,024        537,830  

Northeast Bancorp

     10,359        214,224  

Northrim BanCorp, Inc.

     7,054        242,799  

OFG Bancorp

     43,455        859,975  

Old Line Bancshares, Inc.

     9,985        248,926  

Old Second Bancorp, Inc.

     24,043        302,701  

Opus Bank

     26,118        517,136  

Origin Bancorp, Inc.

     12,557        427,566  

Orrstown Financial Services, Inc.

     6,792        126,263  

Pacific Premier Bancorp, Inc.

     45,658        1,211,307  

Park National Corp.

     14,489        1,372,833  

Parke Bancorp, Inc.

     13,006        271,695  

Peapack Gladstone Financial Corp.

     17,655        462,914  

People’s Utah Bancorp

     13,417        353,806  

Peoples Bancorp, Inc.

     15,923        493,135  

Preferred Bank

     16,503        742,140  

QCR Holdings, Inc.

     14,205        481,834  

RBB Bancorp

     16,794        315,727  

Reliant Bancorp, Inc.

     5,754        128,429  

Republic Bancorp, Inc. Class A

     19,810        885,903  

Republic First Bancorp, Inc.*

     11,905        62,501  

S&T Bancorp, Inc.

     29,305        1,158,427  

Sandy Spring Bancorp, Inc.

     29,701        929,047  

SB One Bancorp

     4,306        93,526  

Seacoast Banking Corp. of Florida*

     31,700      835,295  

ServisFirst Bancshares, Inc.

     41,239        1,392,229  

Shore Bancshares, Inc.

     14,833        221,160  

Sierra Bancorp

     11,234        272,986  

SmartFinancial, Inc.*

     8,744        165,349  

Southern First Bancshares, Inc.*

     7,159        242,475  

Southern National Bancorp of Virginia, Inc.

     24,496        358,866  

Southside Bancshares, Inc.

     25,198        837,330  

Spirit of Texas Bancshares, Inc.*

     3,811        80,793  

Stock Yards Bancorp, Inc.

     18,981        641,748  

Tompkins Financial Corp.

     12,061        917,480  

Towne Bank

     52,319        1,294,895  

TriCo Bancshares

     18,448        724,822  

TriState Capital Holdings, Inc.*

     25,949        530,138  

Triumph Bancorp, Inc.*

     13,080        384,421  

United Community Banks, Inc.

     75,243        1,875,808  

Univest Financial Corp.

     21,722        531,320  

Veritex Holdings, Inc.

     42,061        1,018,717  

Washington Trust Bancorp, Inc.

     15,080        726,102  

West Bancorporation, Inc.

     16,408        339,317  

Westamerica Bancorporation

     15,148        936,146  
     

 

 

 
Total Banks

 

     83,558,080  
Beverages – 0.2%

 

Coca-Cola Consolidated, Inc.

     1,325        381,375  

Craft Brew Alliance, Inc.*

     5,544        77,505  

MGP Ingredients, Inc.

     9,537        735,779  
     

 

 

 
Total Beverages

 

     1,194,659  
Biotechnology – 0.6%

 

Anika Therapeutics, Inc.*

     9,330        282,139  

BioSpecifics Technologies Corp.*

     3,095        192,911  

ChemoCentryx, Inc.*

     19,131        265,730  

Eagle Pharmaceuticals, Inc.*

     11,654        588,411  

Enanta Pharmaceuticals, Inc.*

     15,465        1,477,217  

Palatin Technologies, Inc.*(a)

     164,183        160,932  

REGENXBIO, Inc.*

     26,232        1,503,356  

Surface Oncology, Inc.*

     27,879        132,983  

Vanda Pharmaceuticals, Inc.*

     7,816        143,814  
     

 

 

 
Total Biotechnology

 

     4,747,493  
Building Products – 2.6%

 

AAON, Inc.

     18,659        861,673  

Advanced Drainage Systems, Inc.

     40,122        1,033,944  

American Woodmark Corp.*

     17,644        1,457,924  

Apogee Enterprises, Inc.

     36,535        1,369,697  

Builders FirstSource, Inc.*

     189,968        2,534,173  

Continental Building Products, Inc.*

     39,442        977,767  

CSW Industrials, Inc.*

     12,689        726,953  

Gibraltar Industries, Inc.*

     27,977        1,136,146  

Griffon Corp.

     13,335        246,431  

Insteel Industries, Inc.

     18,641        389,970  

JELD-WEN Holding, Inc.*

     117,677        2,078,176  

NCI Building Systems, Inc.*

     77,771        479,069  

Patrick Industries, Inc.*

     57,280        2,595,930  

PGT Innovations, Inc.*

     47,377        656,171  

 

See Notes to Financial Statements.

 

72   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Quanex Building Products Corp.

     25,624      $ 407,165  

Universal Forest Products, Inc.

     80,995        2,420,940  
     

 

 

 
Total Building Products

 

     19,372,129  
Capital Markets – 1.7%

 

Artisan Partners Asset Management, Inc. Class A

     67,717        1,704,437  

B. Riley Financial, Inc.

     20,221        337,488  

Blucora, Inc.*

     21,392        714,065  

Cohen & Steers, Inc.

     38,626        1,632,721  

Diamond Hill Investment Group, Inc.

     4,142        579,880  

Donnelley Financial Solutions, Inc.*

     52,677        783,834  

GAIN Capital Holdings, Inc.(a)

     41,563        261,016  

Greenhill & Co., Inc.

     9,349        201,097  

Hamilton Lane, Inc. Class A

     15,796        688,390  

INTL FCStone, Inc.*

     10,924        423,414  

Oppenheimer Holdings, Inc. Class A

     14,526        377,966  

Piper Jaffray Cos.

     7,238        527,144  

PJT Partners, Inc. Class A

     2,717        113,571  

Pzena Investment Management, Inc. Class A

     40,827        330,290  

Victory Capital Holdings, Inc. Class A*

     64,538        969,361  

Virtus Investment Partners, Inc.

     11,404        1,112,460  

Waddell & Reed Financial, Inc. Class A

     104,859        1,813,012  

Westwood Holdings Group, Inc.

     7,662        270,239  
     

 

 

 
Total Capital Markets

 

     12,840,385  
Chemicals – 2.8%

 

Advanced Emissions Solutions, Inc.(a)

     57,817        668,365  

AdvanSix, Inc.*

     37,552        1,072,861  

American Vanguard Corp.

     20,519        353,337  

Chase Corp.

     6,819        631,030  

Ferro Corp.*

     73,052        1,382,874  

FutureFuel Corp.

     52,618        705,081  

Hawkins, Inc.

     6,776        249,560  

Innophos Holdings, Inc.

     20,732        624,863  

Innospec, Inc.

     23,120        1,927,052  

Koppers Holdings, Inc.*

     32,540        845,389  

Kraton Corp.*

     45,794        1,473,651  

Kronos Worldwide, Inc.

     417,709        5,856,280  

Minerals Technologies, Inc.

     47,581        2,797,287  

OMNOVA Solutions, Inc.*

     22,030        154,651  

Stepan Co.

     21,139        1,850,085  

Trecora Resources*

     11,430        103,899  
     

 

 

 
Total Chemicals

 

     20,696,265  
Commercial Services & Supplies – 3.1%

 

ABM Industries, Inc.

     41,616        1,512,742  

ACCO Brands Corp.

     256,333        2,194,211  

ARC Document Solutions, Inc.*

     45,474        101,407  

Casella Waste Systems, Inc. Class A*

     6,397        227,477  

Charah Solutions, Inc.*

     31,810        203,584  

Ennis, Inc.

     28,408        589,750  

Heritage-Crystal Clean, Inc.*

     12,140        333,243  

Herman Miller, Inc.

     64,138        2,256,375  

HNI Corp.

     27,888        1,012,056  

Interface, Inc.

     67,310        1,031,189  

Kimball International, Inc. Class B

     39,020        551,743  

Knoll, Inc.

     48,697      920,860  

LSC Communications, Inc.

     7,599        49,621  

Matthews International Corp. Class A

     29,145        1,076,908  

McGrath RentCorp

     20,811        1,177,278  

Multi-Color Corp.

     20,374        1,016,459  

Pitney Bowes, Inc.

     408,134        2,803,881  

Quad/Graphics, Inc.

     36,258        431,470  

RR Donnelley & Sons Co.

     159,070        750,810  

SP Plus Corp.*

     28,450        970,714  

Steelcase, Inc. Class A

     125,324        1,823,464  

U.S. Ecology, Inc.

     11,280        631,454  

Viad Corp.

     13,518        760,928  

VSE Corp.

     15,660        494,543  
     

 

 

 
Total Commercial Services & Supplies

 

     22,922,167  
Communications Equipment – 0.3%

 

Applied Optoelectronics, Inc.*(a)

     19,154        233,679  

CalAmp Corp.*

     7,191        90,463  

Casa Systems, Inc.*

     133,359        1,106,880  

Clearfield, Inc.*

     6,495        95,476  

Comtech Telecommunications Corp.

     10,241        237,796  

Digi International, Inc.*

     8,477        107,403  

NETGEAR, Inc.*

     7,373        244,194  
     

 

 

 
Total Communications Equipment

 

     2,115,891  
Construction & Engineering – 1.3%

 

Ameresco, Inc. Class A*

     36,009        582,626  

Argan, Inc.

     17,734        885,813  

Comfort Systems USA, Inc.

     33,824        1,772,039  

Construction Partners, Inc. Class A*

     77,387        988,232  

Dycom Industries, Inc.*

     32,808        1,507,200  

MYR Group, Inc.*

     13,822        478,656  

Northwest Pipe Co.*

     12,248        293,952  

NV5 Global, Inc.*

     6,245        370,703  

Orion Group Holdings, Inc.*

     16,602        48,478  

Primoris Services Corp.

     40,980        847,466  

Sterling Construction Co., Inc.*

     29,450        368,714  

Tutor Perini Corp.*

     66,182        1,133,036  
     

 

 

 
Total Construction & Engineering

 

     9,276,915  
Construction Materials – 0.4%

 

Forterra, Inc.*(a)

     30,507        128,739  

Summit Materials, Inc. Class A*

     114,863        1,822,876  

United States Lime & Minerals, Inc.

     4,580        353,210  

US Concrete, Inc.*

     12,905        534,525  
     

 

 

 
Total Construction Materials

 

     2,839,350  
Consumer Finance – 0.7%

 

Curo Group Holdings Corp.*

     6,419        64,383  

Elevate Credit, Inc.*

     20,955        90,945  

Encore Capital Group, Inc.*(a)

     41,429        1,128,112  

Enova International, Inc.*

     49,808        1,136,618  

EZCORP, Inc. Class A*

     58,483        545,061  

PRA Group, Inc.*

     28,339        759,769  

Regional Management Corp.*

     15,612        381,245  

World Acceptance Corp.*

     8,788        1,029,338  
     

 

 

 
Total Consumer Finance

 

     5,135,471  

 

See Notes to Financial Statements.

 

WisdomTree Trust      73  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  
Containers & Packaging – 0.0%

 

UFP Technologies, Inc.*

     5,013      $ 187,486  
Distributors – 0.2%

 

Core-Mark Holding Co., Inc.

     20,603        764,989  

Funko, Inc. Class A*(a)

     15,633        339,549  

Weyco Group, Inc.

     9,643        298,547  
     

 

 

 
Total Distributors

 

     1,403,085  
Diversified Consumer Services – 0.6%

 

American Public Education, Inc.*

     12,097        364,362  

Bridgepoint Education, Inc.*

     31,391        191,799  

Career Education Corp.*

     71,559        1,182,155  

Carriage Services, Inc.

     18,712        360,206  

Collectors Universe, Inc.

     7,806        136,761  

K12, Inc.*

     18,240        622,531  

Sotheby’s*

     38,767        1,463,454  
     

 

 

 
Total Diversified Consumer Services

 

     4,321,268  
Diversified Financial Services – 0.1%

 

Marlin Business Services Corp.

     9,884        212,506  

On Deck Capital, Inc.*

     31,786        172,280  
     

 

 

 
Total Diversified Financial Services

 

     384,786  
Diversified Telecommunication Services – 0.3%

 

ATN International, Inc.

     9,941        560,573  

Bandwidth, Inc. Class A*

     7,625        510,570  

Globalstar, Inc.*(a)

     3,323,831        1,429,247  
     

 

 

 
Total Diversified Telecommunication Services

 

     2,500,390  
Electric Utilities – 0.2%

 

Genie Energy Ltd. Class B

     22,841        194,149  

Otter Tail Corp.

     26,663        1,328,351  

Spark Energy, Inc. Class A(a)

     13,018        115,990  
     

 

 

 
Total Electric Utilities

 

     1,638,490  
Electrical Equipment – 0.9%

 

Allied Motion Technologies, Inc.

     3,988        137,107  

Atkore International Group, Inc.*

     87,026        1,873,670  

AZZ, Inc.

     11,519        471,473  

Encore Wire Corp.

     22,029        1,260,499  

Enphase Energy, Inc.*(a)

     56,094        517,748  

LSI Industries, Inc.

     12,946        34,048  

Preformed Line Products Co.

     6,213        329,848  

Sunrun, Inc.*

     71,746        1,008,749  

Thermon Group Holdings, Inc.*

     10,931        267,919  

TPI Composites, Inc.*

     13,375        382,792  

Vicor Corp.*

     11,709        363,213  
     

 

 

 
Total Electrical Equipment

 

     6,647,066  
Electronic Equipment, Instruments & Components – 3.4%

 

Anixter International, Inc.*

     39,650        2,224,761  

Arlo Technologies, Inc.*

     14,609        60,335  

Badger Meter, Inc.

     6,611        367,836  

Bel Fuse, Inc. Class B

     10,895        275,426  

Benchmark Electronics, Inc.

     41,234        1,082,392  

Control4 Corp.*

     18,724        316,997  

CTS Corp.

     20,039        588,545  

Daktronics, Inc.

     17,010      126,725  

ePlus, Inc.*

     11,941        1,057,256  

FARO Technologies, Inc.*

     1,790        78,599  

Insight Enterprises, Inc.*

     51,902        2,857,724  

KEMET Corp.

     86,595        1,469,517  

Kimball Electronics, Inc.*

     30,755        476,395  

Knowles Corp.*

     62,174        1,096,128  

Mesa Laboratories, Inc.

     691        159,276  

Methode Electronics, Inc.

     77,866        2,240,983  

MTS Systems Corp.

     10,409        566,874  

Napco Security Technologies, Inc.*

     8,212        170,317  

nLight, Inc.*

     10,843        241,582  

OSI Systems, Inc.*

     9,397        823,177  

Park Electrochemical Corp.

     3,675        57,698  

PC Connection, Inc.

     29,000        1,063,430  

PCM, Inc.*

     5,050        184,982  

Plexus Corp.*

     28,038        1,708,916  

Sanmina Corp.*

     56,766        1,637,699  

ScanSource, Inc.*

     21,636        775,002  

TTM Technologies, Inc.*

     256,179        3,004,980  

Vishay Precision Group, Inc.*

     12,387        423,759  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     25,137,311  
Energy Equipment & Services – 3.8%

 

C&J Energy Services, Inc.*

     121,062        1,878,882  

Covia Holdings Corp.*(a)

     181,777        1,016,133  

DMC Global, Inc.

     6,008        298,237  

Era Group, Inc.*

     7,889        91,039  

Forum Energy Technologies, Inc.*

     169,255        864,893  

FTS International, Inc.*

     626,728        6,267,280  

Helix Energy Solutions Group, Inc.*

     93,811        742,045  

Keane Group, Inc.*

     161,973        1,763,886  

Liberty Oilfield Services, Inc. Class A(a)

     159,035        2,447,549  

Mammoth Energy Services, Inc.

     157,111        2,615,898  

NCS Multistage Holdings, Inc.*

     24,096        124,817  

Newpark Resources, Inc.*

     54,873        502,637  

ProPetro Holding Corp.*

     131,192        2,957,068  

SEACOR Holdings, Inc.*

     26,106        1,103,762  

Select Energy Services, Inc. Class A*

     74,281        892,858  

Smart Sand, Inc.*(a)

     105,732        470,507  

Solaris Oilfield Infrastructure, Inc. Class A(a)

     66,806        1,098,291  

U.S. Silica Holdings, Inc.(a)

     122,453        2,125,784  

Unit Corp.*

     34,766        495,068  
     

 

 

 
Total Energy Equipment & Services

 

     27,756,634  
Entertainment – 0.1%

 

Marcus Corp. (The)

     21,019        841,811  

Reading International, Inc. Class A*

     13,208        210,800  
     

 

 

 
Total Entertainment

 

     1,052,611  
Equity Real Estate Investment Trusts (REITs) – 2.9%

 

Agree Realty Corp.

     11,788        817,380  

Alexander & Baldwin, Inc.

     32,735        832,778  

Alexander’s, Inc.

     2,494        938,168  

American Assets Trust, Inc.

     5,416        248,378  

Armada Hoffler Properties, Inc.

     10,703        166,860  

 

See Notes to Financial Statements.

 

74   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Braemar Hotels & Resorts, Inc.

     12,713      $ 155,226  

BRT Apartments Corp.

     28,623        397,287  

CareTrust REIT, Inc.

     24,961        585,585  

Chatham Lodging Trust

     21,762        418,701  

Chesapeake Lodging Trust

     43,203        1,201,476  

Community Healthcare Trust, Inc.

     2,699        96,867  

CorEnergy Infrastructure Trust, Inc.(a)

     5,556        204,183  

Easterly Government Properties, Inc.

     4,543        81,820  

Essential Properties Realty Trust, Inc.

     8,034        156,824  

Four Corners Property Trust, Inc.

     33,108        979,997  

Franklin Street Properties Corp.

     9,619        69,161  

Getty Realty Corp.

     15,347        491,564  

Gladstone Land Corp.(a)

     5,352        67,703  

Global Net Lease, Inc.

     9,238        174,598  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     17,663        452,879  

Independence Realty Trust, Inc.

     19,900        214,721  

Industrial Logistics Properties Trust

     62,823        1,267,140  

InfraREIT, Inc.

     9,213        193,197  

Innovative Industrial Properties, Inc.(a)

     741        60,532  

iStar, Inc.

     50,272        423,290  

Jernigan Capital, Inc.

     11,755        247,325  

Lexington Realty Trust

     290,907        2,635,617  

LTC Properties, Inc.

     36,178        1,656,952  

Mack-Cali Realty Corp.

     15,649        347,408  

MedEquities Realty Trust, Inc.

     18,771        208,921  

Monmouth Real Estate Investment Corp.

     30,368        400,250  

National Storage Affiliates Trust

     2,393        68,224  

NorthStar Realty Europe Corp.

     27,235        472,800  

One Liberty Properties, Inc.

     8,622        250,038  

Retail Opportunity Investments Corp.

     28,782        499,080  

RPT Realty

     30,311        364,035  

Safehold, Inc.

     4,161        90,751  

Saul Centers, Inc.

     8,008        411,371  

Summit Hotel Properties, Inc.

     79,497        907,061  

Tier REIT, Inc.

     6,551        187,752  

Universal Health Realty Income Trust

     4,111        311,244  

Urstadt Biddle Properties, Inc. Class A

     12,374        255,399  

Washington Prime Group, Inc.

     141,482        799,373  

Washington Real Estate Investment Trust

     8,680        246,338  

Whitestone REIT

     10,430        125,369  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     21,181,623  
Food & Staples Retailing – 1.0%

 

Andersons, Inc. (The)

     16,018        516,260  

Chefs’ Warehouse, Inc. (The)*

     6,180        191,889  

Ingles Markets, Inc. Class A

     31,908        881,299  

Natural Grocers by Vitamin Cottage, Inc.*

     7,061        84,379  

PriceSmart, Inc.

     20,749        1,221,701  

Smart & Final Stores, Inc.*

     11,564        57,126  

SpartanNash Co.

     45,591        723,529  

United Natural Foods, Inc.*

     203,362        2,688,446  

Village Super Market, Inc. Class A

     12,713        347,446  

Weis Markets, Inc.

     21,577        880,558  
     

 

 

 
Total Food & Staples Retailing

 

     7,592,633  
Food Products – 0.7%

 

B&G Foods, Inc.(a)

     39,205      957,386  

Calavo Growers, Inc.

     8,058        675,663  

Hostess Brands, Inc.*

     152,626        1,907,825  

John B. Sanfilippo & Son, Inc.

     7,916        568,923  

Landec Corp.*

     13,037        160,094  

Limoneira Co.

     8,418        198,076  

Simply Good Foods Co. (The)*

     32,704        673,376  
     

 

 

 
Total Food Products

 

     5,141,343  
Gas Utilities – 0.1%

 

Chesapeake Utilities Corp.

     8,214        749,199  
Health Care Equipment & Supplies – 0.7%

 

AngioDynamics, Inc.*

     4,191        95,806  

Atrion Corp.

     650        571,142  

CONMED Corp.

     10,113        841,199  

FONAR Corp.*

     13,852        283,550  

Heska Corp.*

     1,230        104,698  

IntriCon Corp.*

     3,167        79,428  

iRadimed Corp.*(a)

     2,678        75,225  

Lantheus Holdings, Inc.*

     26,484        648,328  

LeMaitre Vascular, Inc.

     12,535        388,585  

Meridian Bioscience, Inc.

     20,750        365,408  

OraSure Technologies, Inc.*

     19,837        221,183  

Orthofix Medical, Inc.*

     3,475        196,025  

STAAR Surgical Co.*

     1,994        68,175  

Tactile Systems Technology, Inc.*

     2,625        138,390  

Utah Medical Products, Inc.

     3,143        277,370  

Varex Imaging Corp.*

     15,074        510,707  
     

 

 

 
Total Health Care Equipment & Supplies

 

     4,865,219  
Health Care Providers & Services – 0.7%

 

Addus HomeCare Corp.*

     3,006        191,152  

Apollo Medical Holdings, Inc.*(a)

     4,803        87,991  

CorVel Corp.*

     9,429        615,148  

Cross Country Healthcare, Inc.*

     19,206        135,018  

Magellan Health, Inc.*

     24,870        1,639,431  

National HealthCare Corp.

     10,383        787,862  

National Research Corp.

     9,597        370,444  

Providence Service Corp. (The)*

     2,369        157,823  

RadNet, Inc.*

     14,685        181,947  

Tivity Health, Inc.*

     52,825        927,607  

U.S. Physical Therapy, Inc.

     1,644        172,669  
     

 

 

 
Total Health Care Providers & Services

 

     5,267,092  
Health Care Technology – 0.1%

 

Computer Programs & Systems, Inc.

     3,145        93,375  

HealthStream, Inc.*

     7,250        203,435  

NextGen Healthcare, Inc.*

     15,768        265,375  

Simulations Plus, Inc.

     6,407        135,252  
     

 

 

 
Total Health Care Technology

 

     697,437  
Hotels, Restaurants & Leisure – 2.5%

 

BBX Capital Corp.

     168,965        1,000,273  

BJ’s Restaurants, Inc.

     12,636        597,430  

Bloomin’ Brands, Inc.

     93,041        1,902,688  

 

See Notes to Financial Statements.

 

WisdomTree Trust      75  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Bluegreen Vacations Corp.(a)

     96,045      $ 1,427,229  

Brinker International, Inc.

     47,267        2,097,709  

Carrols Restaurant Group, Inc.*

     15,386        153,398  

Chuy’s Holdings, Inc.*

     6,563        149,440  

Del Taco Restaurants, Inc.*

     28,314        284,839  

Denny’s Corp.*

     39,609        726,825  

Dine Brands Global, Inc.

     11,667        1,065,080  

El Pollo Loco Holdings, Inc.*

     6,920        90,029  

Fiesta Restaurant Group, Inc.*

     12,263        160,768  

Habit Restaurants, Inc. (The) Class A*

     79,029        855,094  

International Speedway Corp. Class A

     28,101        1,226,047  

J Alexander’s Holdings, Inc.*

     14,698        144,334  

Monarch Casino & Resort, Inc.*

     13,141        577,153  

Nathan’s Famous, Inc.

     1,000        68,400  

Papa John’s International, Inc.(a)

     12,986        687,609  

RCI Hospitality Holdings, Inc.

     12,421        285,310  

Red Lion Hotels Corp.*

     14,295        115,504  

Red Robin Gourmet Burgers, Inc.*

     6,254        180,178  

Ruth’s Hospitality Group, Inc.

     26,221        670,995  

Shake Shack, Inc. Class A*

     46,572        2,754,734  

Speedway Motorsports, Inc.

     41,343        598,233  

Town Sports International Holdings, Inc.*

     45,523        216,690  

Wingstop, Inc.

     5,828        443,103  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     18,479,092  
Household Durables – 5.8%

 

Bassett Furniture Industries, Inc.

     10,974        180,083  

Beazer Homes USA, Inc.*

     57,364        660,260  

Cavco Industries, Inc.*

     7,926        931,543  

Century Communities, Inc.*

     73,119        1,752,662  

Ethan Allen Interiors, Inc.

     28,768        550,332  

Flexsteel Industries, Inc.

     9,501        220,328  

Green Brick Partners, Inc.*

     93,607        819,061  

Hamilton Beach Brands Holding Co. Class A

     18,546        397,997  

Hooker Furniture Corp.

     16,896        487,112  

Installed Building Products, Inc.*

     20,702        1,004,047  

KB Home

     206,821        4,998,864  

La-Z-Boy, Inc.

     57,726        1,904,381  

LGI Homes, Inc.*(a)

     54,653        3,292,297  

M/I Homes, Inc.*

     62,560        1,665,347  

MDC Holdings, Inc.

     112,776        3,277,271  

Meritage Homes Corp.*

     83,745        3,744,239  

New Home Co., Inc. (The)*

     38,449        183,017  

Taylor Morrison Home Corp. Class A*

     236,781        4,202,863  

TopBuild Corp.*

     41,868        2,713,884  

TRI Pointe Group, Inc.*

     359,966        4,549,970  

Tupperware Brands Corp.

     81,111        2,074,819  

Turtle Beach Corp.*(a)

     34,405        390,841  

Universal Electronics, Inc.*

     4,455        165,503  

VOXX International Corp.*

     14,358        66,334  

William Lyon Homes Class A*

     119,546        1,837,422  

ZAGG, Inc.*

     68,993        625,766  
     

 

 

 
Total Household Durables

 

     42,696,243  
Household Products – 0.2%

 

Central Garden and Pet Co. Class A*

     50,785      1,180,751  
Independent Power & Renewable Electricity Producers – 0.3%

 

Pattern Energy Group, Inc. Class A

     103,595        2,279,090  
Industrial Conglomerates – 0.1%

 

Raven Industries, Inc.

     23,522        902,539  
Insurance – 2.2%

 

Ambac Financial Group, Inc.*

     130,856        2,371,111  

AMERISAFE, Inc.

     12,730        756,162  

EMC Insurance Group, Inc.

     10,720        341,754  

Employers Holdings, Inc.

     39,802        1,596,458  

FBL Financial Group, Inc. Class A

     18,314        1,148,654  

FedNat Holding Co.

     16,575        265,863  

HCI Group, Inc.

     7,726        330,132  

Health Insurance Innovations, Inc. Class A*(a)

     6,800        182,376  

Heritage Insurance Holdings, Inc.

     13,418        195,903  

Horace Mann Educators Corp.

     20,025        705,080  

Independence Holding Co.

     8,716        307,239  

Investors Title Co.

     1,739        274,588  

Kingstone Cos., Inc.

     4,156        61,259  

Kinsale Capital Group, Inc.

     7,245        496,790  

National Western Life Group, Inc. Class A

     4,470        1,173,241  

Navigators Group, Inc. (The)

     18,221        1,273,101  

Safety Insurance Group, Inc.

     10,113        881,247  

State Auto Financial Corp.

     21,569        710,052  

Stewart Information Services Corp.

     12,854        548,737  

United Fire Group, Inc.

     11,493        502,359  

United Insurance Holdings Corp.

     20,329        323,231  

Universal Insurance Holdings, Inc.

     47,112        1,460,472  
     

 

 

 
Total Insurance

 

     15,905,809  
Interactive Media & Services – 0.2%

 

Care.com, Inc.*

     4,530        89,513  

Cars.com, Inc.*

     33,220        757,416  

QuinStreet, Inc.*

     19,367        259,324  

Travelzoo*

     8,720        116,848  
     

 

 

 
Total Interactive Media & Services

 

     1,223,101  
Internet & Direct Marketing Retail – 0.4%

 

1-800-Flowers.com, Inc. Class A*

     32,100        585,183  

Duluth Holdings, Inc. Class B*(a)

     13,632        324,987  

Leaf Group Ltd.*

     29,880        239,637  

PetMed Express, Inc.(a)

     26,665        607,429  

Shutterstock, Inc.

     18,949        883,592  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     2,640,828  
IT Services – 1.2%

 

Carbonite, Inc.*

     2,928        72,644  

Cass Information Systems, Inc.

     7,623        360,568  

CSG Systems International, Inc.

     27,034        1,143,538  

ExlService Holdings, Inc.*

     19,555        1,173,691  

GreenSky, Inc. Class A*

     98,920        1,280,025  

Hackett Group, Inc. (The)

     28,230        446,034  

Information Services Group, Inc.*

     18,549        69,188  

NIC, Inc.

     73,604        1,257,892  

 

See Notes to Financial Statements.

 

76   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Perficient, Inc.*

     12,385      $ 339,225  

Presidio, Inc.

     36,965        547,082  

PRGX Global, Inc.*

     7,039        55,749  

Sykes Enterprises, Inc.*

     29,114        823,344  

TTEC Holdings, Inc.

     21,176        767,206  

Unisys Corp.*

     56,052        654,127  

Virtusa Corp.*

     2,409        128,761  
     

 

 

 
Total IT Services

 

     9,119,074  
Leisure Products – 1.1%

 

Acushnet Holdings Corp.

     77,384        1,790,666  

American Outdoor Brands Corp.*

     27,436        256,252  

Callaway Golf Co.

     108,335        1,725,777  

Clarus Corp.

     6,771        86,737  

Johnson Outdoors, Inc. Class A

     12,779        911,909  

Malibu Boats, Inc. Class A*

     30,141        1,192,981  

Marine Products Corp.

     26,187        352,739  

MasterCraft Boat Holdings, Inc.*

     27,883        629,319  

Nautilus, Inc.*

     31,938        177,575  

Sturm Ruger & Co., Inc.

     14,274        756,807  
     

 

 

 
Total Leisure Products

 

     7,880,762  
Life Sciences Tools & Services – 0.3%

 

Cambrex Corp.*

     43,143        1,676,105  

Luminex Corp.

     20,386        469,082  

NeoGenomics, Inc.*

     6,874        140,642  

Pacific Biosciences of California, Inc.*

     41,916        303,053  
     

 

 

 
Total Life Sciences Tools & Services

 

     2,588,882  
Machinery – 5.2%

 

Alamo Group, Inc.

     13,018        1,301,019  

Altra Industrial Motion Corp.

     30,269        939,852  

Blue Bird Corp.*

     23,618        399,853  

Chart Industries, Inc.*

     10,568        956,615  

Columbus McKinnon Corp.

     18,705        642,517  

Commercial Vehicle Group, Inc.*

     98,554        755,909  

Douglas Dynamics, Inc.

     17,587        669,537  

Energy Recovery, Inc.*(a)

     59,097        515,917  

EnPro Industries, Inc.

     24,895        1,604,483  

ESCO Technologies, Inc.

     15,383        1,031,122  

Evoqua Water Technologies Corp.*

     24,556        308,914  

Federal Signal Corp.

     67,139        1,744,943  

Franklin Electric Co., Inc.

     34,584        1,766,897  

Global Brass & Copper Holdings, Inc.

     32,062        1,104,215  

Gorman-Rupp Co. (The)

     17,887        607,085  

Greenbrier Cos., Inc. (The)

     43,152        1,390,789  

Hurco Cos., Inc.

     9,933        400,598  

Hyster-Yale Materials Handling, Inc.

     16,281        1,015,283  

Kadant, Inc.

     8,375        736,665  

L.B. Foster Co. Class A*

     7,971        150,014  

Lindsay Corp.

     3,180        307,792  

Lydall, Inc.*

     30,241        709,454  

Meritor, Inc.*

     189,020        3,846,557  

Milacron Holdings Corp.*

     35,049        396,755  

Miller Industries, Inc.

     18,236        562,581  

Mueller Industries, Inc.

     50,248        1,574,772  

Mueller Water Products, Inc. Class A

     105,890      1,063,136  

Omega Flex, Inc.

     5,460        413,868  

Park-Ohio Holdings Corp.

     23,122        748,690  

REV Group, Inc.

     71,502        782,947  

Spartan Motors, Inc.

     38,786        342,480  

SPX Corp.*

     15,096        525,190  

SPX FLOW, Inc.*

     36,470        1,163,393  

Standex International Corp.

     12,193        894,966  

Sun Hydraulics Corp.

     13,558        630,583  

Tennant Co.

     6,542        406,193  

TriMas Corp.*

     40,475        1,223,559  

Twin Disc, Inc.*

     15,528        258,541  

Wabash National Corp.

     91,350        1,237,793  

Welbilt, Inc.*

     181,245        2,968,793  
     

 

 

 
Total Machinery

 

     38,100,270  
Marine – 0.2%

 

Matson, Inc.

     45,676        1,648,447  
Media – 1.7%

 

Emerald Expositions Events, Inc.

     65,099        826,757  

EW Scripps Co. (The) Class A

     32,347        679,287  

Gannett Co., Inc.

     98,425        1,037,399  

Gray Television, Inc.*

     127,496        2,723,315  

Lee Enterprises, Inc.*

     154,294        509,170  

Loral Space & Communications, Inc.*

     47,603        1,716,088  

MSG Networks, Inc. Class A*

     117,859        2,563,433  

National CineMedia, Inc.

     272,234        1,919,250  

New Media Investment Group, Inc.

     31,217        327,779  

Scholastic Corp.

     1,545        61,429  

TechTarget, Inc.*

     18,604        302,687  
     

 

 

 
Total Media

 

     12,666,594  
Metals & Mining – 2.7%

 

AK Steel Holding Corp.*(a)

     391,444        1,076,471  

Carpenter Technology Corp.

     51,909        2,380,028  

Century Aluminum Co.*

     55,270        490,798  

Compass Minerals International, Inc.

     24,255        1,318,744  

Gold Resource Corp.

     34,993        137,523  

Kaiser Aluminum Corp.

     15,447        1,617,764  

Materion Corp.

     14,577        831,764  

Olympic Steel, Inc.

     29,280        464,674  

Ramaco Resources, Inc.*(a)

     60,920        353,336  

Ryerson Holding Corp.*

     213,300        1,825,848  

Schnitzer Steel Industries, Inc. Class A

     67,874        1,628,976  

Synalloy Corp.

     12,532        190,486  

Universal Stainless & Alloy Products, Inc.*

     8,192        135,741  

Warrior Met Coal, Inc.

     234,788        7,137,555  
     

 

 

 
Total Metals & Mining

 

     19,589,708  
Multi-Utilities – 0.1%

 

Unitil Corp.

     9,723        526,695  
Multiline Retail – 0.9%

 

Big Lots, Inc.

     90,606        3,444,840  

Dillard’s, Inc. Class A(a)

     40,706        2,931,646  
     

 

 

 
Total Multiline Retail

 

     6,376,486  

 

See Notes to Financial Statements.

 

WisdomTree Trust      77  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  
Oil, Gas & Consumable Fuels – 5.4%

 

Adams Resources & Energy, Inc.

     3,072      $ 119,992  

Arch Coal, Inc. Class A(a)

     49,513        4,519,051  

Bonanza Creek Energy, Inc.*

     83,529        1,895,273  

Callon Petroleum Co.*

     340,373        2,569,816  

Carrizo Oil & Gas, Inc.*(a)

     116,421        1,451,770  

CONSOL Energy, Inc.*

     65,735        2,249,452  

Contura Energy, Inc.*

     35,208        2,039,247  

Denbury Resources, Inc.*

     1,027,878        2,107,150  

Earthstone Energy, Inc. Class A*

     40,563        287,186  

Evolution Petroleum Corp.

     35,965        242,764  

Gulfport Energy Corp.*

     799,468        6,411,733  

Hallador Energy Co.

     19,499        102,565  

NACCO Industries, Inc. Class A

     14,227        543,756  

Overseas Shipholding Group, Inc. Class A*

     599,401        1,372,628  

Panhandle Oil and Gas, Inc. Class A

     3,128        49,110  

Par Pacific Holdings, Inc.*

     44,055        784,620  

Penn Virginia Corp.*

     2,803        123,612  

Renewable Energy Group, Inc.*

     76,531        1,680,621  

REX American Resources Corp.*

     8,571        690,908  

Ring Energy, Inc.*

     50,195        294,645  

SilverBow Resources, Inc.*

     29,517        678,891  

SRC Energy, Inc.*

     743,390        3,806,157  

W&T Offshore, Inc.*

     732,020        5,050,938  

World Fuel Services Corp.

     21,206        612,641  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     39,684,526  
Paper & Forest Products – 0.8%

 

Boise Cascade Co.

     63,762        1,706,271  

Clearwater Paper Corp.*

     28,973        564,394  

Neenah, Inc.

     8,960        576,666  

PH Glatfelter Co.

     13,858        195,675  

Schweitzer-Mauduit International, Inc.

     49,174        1,904,017  

Verso Corp. Class A*

     59,489        1,274,254  
     

 

 

 
Total Paper & Forest Products

 

     6,221,277  
Personal Products – 0.3%

 

elf Beauty, Inc.*

     23,566        249,799  

Inter Parfums, Inc.

     12,524        950,196  

Lifevantage Corp.*

     8,676        123,980  

Medifast, Inc.

     5,547        707,520  

Natural Health Trends Corp.(a)

     27,998        362,854  
     

 

 

 
Total Personal Products

 

     2,394,349  
Pharmaceuticals – 0.8%

 

ANI Pharmaceuticals, Inc.*

     4,205        296,621  

Corcept Therapeutics, Inc.*(a)

     69,809        819,558  

Innoviva, Inc.*

     172,922        2,426,095  

Phibro Animal Health Corp. Class A

     31,870        1,051,710  

Prestige Consumer Healthcare, Inc.*

     33,351        997,528  
     

 

 

 
Total Pharmaceuticals

 

     5,591,512  
Professional Services – 1.3%

 

Barrett Business Services, Inc.

     8,642        668,286  

BG Staffing, Inc.

     11,598        253,300  

CBIZ, Inc.*

     50,143        1,014,894  

CRA International, Inc.

     5,728      289,493  

Forrester Research, Inc.

     5,617        271,582  

GP Strategies Corp.*

     16,551        201,095  

Heidrick & Struggles International, Inc.

     12,258        469,849  

ICF International, Inc.

     12,522        952,674  

InnerWorkings, Inc.*

     37,961        137,419  

Kelly Services, Inc. Class A

     56,521        1,246,853  

Kforce, Inc.

     27,686        972,332  

Mistras Group, Inc.*

     11,112        153,457  

Navigant Consulting, Inc.

     14,499        282,296  

Resources Connection, Inc.

     21,150        349,821  

TrueBlue, Inc.*

     45,814        1,083,043  

WageWorks, Inc.*

     24,003        906,353  

Willdan Group, Inc.*

     3,691        136,825  
     

 

 

 
Total Professional Services

 

     9,389,572  
Real Estate Management & Development – 0.9%

 

Consolidated-Tomoka Land Co.

     6,062        357,961  

Five Point Holdings LLC Class A*(a)

     107,781        777,101  

HFF, Inc. Class A

     32,933        1,572,551  

Marcus & Millichap, Inc.*

     27,079        1,102,928  

RE/MAX Holdings, Inc. Class A

     21,776        839,247  

RMR Group, Inc. (The) Class A

     19,854        1,210,697  

St. Joe Co. (The)*

     29,135        480,436  
     

 

 

 
Total Real Estate Management & Development

 

     6,340,921  
Road & Rail – 0.8%

 

ArcBest Corp.

     24,945        768,057  

Covenant Transportation Group, Inc. Class A*

     27,518        522,292  

Heartland Express, Inc.

     48,024        925,903  

Marten Transport Ltd.

     41,674        743,047  

PAM Transportation Services, Inc.*

     7,397        362,009  

Saia, Inc.*

     25,781        1,575,219  

Universal Logistics Holdings, Inc.

     38,849        764,548  

US Xpress Enterprises, Inc. Class A*

     14,543        96,129  

USA Truck, Inc.*

     9,513        137,368  
     

 

 

 
Total Road & Rail

 

     5,894,572  
Semiconductors & Semiconductor Equipment – 2.0%

 

ACM Research, Inc. Class A*(a)

     11,840        182,691  

Advanced Energy Industries, Inc.*

     67,576        3,357,176  

Amkor Technology, Inc.*

     379,696        3,242,604  

Axcelis Technologies, Inc.*

     38,513        774,882  

AXT, Inc.*

     46,598        207,361  

Ceva, Inc.*

     6,211        167,449  

Cohu, Inc.

     28,515        420,596  

CyberOptics Corp.*

     3,073        52,548  

Diodes, Inc.*

     39,543        1,372,142  

FormFactor, Inc.*

     26,920        433,143  

Nanometrics, Inc.*

     32,665        1,008,695  

NVE Corp.

     2,442        239,047  

Photronics, Inc.*

     45,437        429,380  

Power Integrations, Inc.

     16,249        1,136,455  

Rudolph Technologies, Inc.*

     34,289        781,789  

Ultra Clean Holdings, Inc.*

     115,206        1,192,382  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     14,998,340  

 

See Notes to Financial Statements.

 

78   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  
Software – 0.6%

 

American Software, Inc. Class A

     17,669      $ 211,145  

Appfolio, Inc. Class A*

     5,002        397,159  

Ebix, Inc.(a)

     38,075        1,879,763  

MicroStrategy, Inc. Class A*

     4,242        611,908  

Monotype Imaging Holdings, Inc.

     3,915        77,869  

Progress Software Corp.

     25,155        1,116,127  

QAD, Inc. Class A

     1,610        69,343  

SPS Commerce, Inc.*

     3,238        343,422  

Zix Corp.*

     11,182        76,932  
     

 

 

 
Total Software

 

     4,783,668  
Specialty Retail – 6.9%

 

Abercrombie & Fitch Co. Class A

     58,363        1,599,730  

America’s Car-Mart, Inc.*

     8,524        778,582  

Asbury Automotive Group, Inc.*

     37,066        2,570,898  

At Home Group, Inc.*

     28,461        508,313  

Bed Bath & Beyond, Inc.

     460,442        7,822,910  

Boot Barn Holdings, Inc.*

     28,109        827,529  

Buckle, Inc. (The)

     78,387        1,467,405  

Caleres, Inc.

     46,012        1,136,036  

Camping World Holdings, Inc. Class A(a)

     199,236        2,771,373  

Cato Corp. (The) Class A

     31,029        464,814  

Chico’s FAS, Inc.

     207,855        887,541  

Children’s Place, Inc. (The)

     20,110        1,956,301  

Citi Trends, Inc.

     16,974        327,768  

Conn’s, Inc.*

     35,715        816,445  

Container Store Group, Inc. (The)*

     27,253        239,826  

Express, Inc.*

     93,380        399,666  

GameStop Corp. Class A

     319,621        3,247,349  

Genesco, Inc.*

     18,395        837,892  

Group 1 Automotive, Inc.

     49,733        3,217,725  

Guess?, Inc.

     36,282        711,127  

Haverty Furniture Cos., Inc.

     23,512        514,443  

Hibbett Sports, Inc.*

     37,022        844,472  

J. Jill, Inc.(a)

     101,015        554,572  

Kirkland’s, Inc.*

     8,386        58,954  

Lithia Motors, Inc. Class A

     57,446        5,328,117  

Lumber Liquidators Holdings, Inc.*(a)

     6,271        63,337  

MarineMax, Inc.*

     30,502        584,418  

Office Depot, Inc.

     735,756        2,670,794  

Party City Holdco, Inc.*(a)

     197,354        1,566,991  

Shoe Carnival, Inc.(a)

     16,770        570,683  

Sleep Number Corp.*

     25,350        1,191,450  

Sonic Automotive, Inc. Class A

     71,006        1,051,599  

Sportsman’s Warehouse Holdings, Inc.*

     69,527        333,730  

Tailored Brands, Inc.(a)

     120,700        946,288  

Tile Shop Holdings, Inc.

     32,318        182,920  

Tilly’s, Inc. Class A

     34,931        388,782  

Vitamin Shoppe, Inc.*

     37,504        264,028  

Winmark Corp.

     2,813        530,504  

Zumiez, Inc.*

     25,882        644,203  
     

 

 

 
Total Specialty Retail

 

     50,879,515  
Technology Hardware, Storage & Peripherals – 0.1%

 

Immersion Corp.*

     79,879      673,380  
Textiles, Apparel & Luxury Goods – 0.9%

 

Crocs, Inc.*

     8,177        210,558  

Culp, Inc.

     12,743        245,048  

G-III Apparel Group Ltd.*

     57,678        2,304,813  

Movado Group, Inc.

     21,486        781,661  

Oxford Industries, Inc.

     13,598        1,023,385  

Superior Group of Cos., Inc.

     15,999        265,903  

Unifi, Inc.*

     12,265        237,328  

Vera Bradley, Inc.*

     32,860        435,395  

Vince Holding Corp.*(a)

     87,184        1,081,081  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     6,585,172  
Thrifts & Mortgage Finance – 3.6%

 

Axos Financial, Inc.*

     63,605        1,842,001  

Capitol Federal Financial, Inc.

     79,522        1,061,619  

Dime Community Bancshares, Inc.

     39,050        731,406  

Federal Agricultural Mortgage Corp. Class C

     18,309        1,326,121  

First Defiance Financial Corp.

     18,141        521,372  

Flagstar Bancorp, Inc.

     67,689        2,228,322  

FS Bancorp, Inc.

     3,999        201,870  

Home Bancorp, Inc.

     9,320        309,890  

HomeStreet, Inc.*

     18,617        490,558  

Kearny Financial Corp.

     26,488        340,901  

Luther Burbank Corp.

     67,050        677,205  

Merchants Bancorp

     34,453        740,739  

Meridian Bancorp, Inc.

     45,765        718,053  

Meta Financial Group, Inc.

     27,301        537,284  

NMI Holdings, Inc. Class A*

     53,760        1,390,771  

Northfield Bancorp, Inc.

     32,098        446,162  

Northwest Bancshares, Inc.

     66,640        1,130,881  

OceanFirst Financial Corp.

     29,363        706,474  

Ocwen Financial Corp.*

     129,293        235,313  

OP Bancorp

     13,923        121,826  

Oritani Financial Corp.

     42,481        706,459  

PCSB Financial Corp.

     3,367        65,892  

PennyMac Financial Services, Inc.

     50,263        1,117,849  

Provident Financial Services, Inc.

     51,133        1,323,833  

Riverview Bancorp, Inc.

     20,415        149,234  

Southern Missouri Bancorp, Inc.

     7,269        223,885  

Sterling Bancorp, Inc.

     68,951        699,163  

Territorial Bancorp, Inc.

     8,836        237,777  

Timberland Bancorp, Inc.

     8,423        235,676  

TrustCo Bank Corp.

     90,877        705,205  

United Community Financial Corp.

     42,746        399,675  

United Financial Bancorp, Inc.

     45,544        653,556  

Walker & Dunlop, Inc.

     41,922        2,134,249  

Waterstone Financial, Inc.

     23,212        382,070  

Western New England Bancorp, Inc.

     18,813        173,644  

WSFS Financial Corp.

     40,188        1,551,257  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     26,518,192  
Tobacco – 0.4%

 

Turning Point Brands, Inc.

     12,716        586,080  

 

See Notes to Financial Statements.

 

WisdomTree Trust      79  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. SmallCap Fund (EES)

March 31, 2019

 

 

 

Investments    Shares      Value  

Universal Corp.

     28,469      $ 1,640,669  

Vector Group Ltd.

     62,818        677,806  
     

 

 

 
Total Tobacco

 

     2,904,555  
Trading Companies & Distributors – 1.7%

 

BlueLinx Holdings, Inc.*(a)

     16,200        431,568  

BMC Stock Holdings, Inc.*

     100,784        1,780,853  

CAI International, Inc.*

     50,445        1,170,324  

DXP Enterprises, Inc.*

     13,600        529,312  

EVI Industries, Inc.(a)

     1,963        74,849  

GMS, Inc.*

     46,276        699,693  

H&E Equipment Services, Inc.

     52,913        1,328,645  

Herc Holdings, Inc.*

     21,932        854,909  

Kaman Corp.

     15,054        879,756  

Lawson Products, Inc.*

     2,064        64,727  

MRC Global, Inc.*

     25,992        454,340  

NOW, Inc.*

     46,396        647,688  

Rush Enterprises, Inc. Class A

     54,739        2,288,638  

Systemax, Inc.

     36,976        837,137  

Titan Machinery, Inc.*

     5,242        81,566  

Transcat, Inc.*

     5,641        129,630  

Willis Lease Finance Corp.*

     9,217        390,709  
     

 

 

 
Total Trading Companies & Distributors

 

     12,644,344  
Water Utilities – 0.3%

 

Artesian Resources Corp. Class A

     6,494        242,032  

Cadiz, Inc.*(a)

     12,282        118,890  

Connecticut Water Service, Inc.

     4,005        274,943  

Middlesex Water Co.

     7,371        412,702  

SJW Group

     12,350        762,489  

York Water Co. (The)

     5,456        187,250  
     

 

 

 
Total Water Utilities

 

     1,998,306  
Wireless Telecommunication Services – 0.0%

 

Spok Holdings, Inc.

     4,256        57,967  
Total United States

 

     730,945,604  
Puerto Rico – 0.4%      
Banks – 0.2%      

First BanCorp

     160,288        1,836,900  
IT Services – 0.2%

 

EVERTEC, Inc.

     40,317        1,121,216  
Total Puerto Rico

 

     2,958,116  
TOTAL COMMON STOCKS
(Cost: $665,385,369)

 

     733,903,720  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      

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

(Cost: $1,436,142)

     36,450        1,433,943  
RIGHTS – 0.0%      
United States – 0.0%      

A. Schulman, Inc. CVR*

(Cost: $6,075)

     14,030        6,075  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.7%

 

United States – 2.7%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $19,556,200)(d)      19,556,200      19,556,200  

TOTAL INVESTMENTS IN SECURITIES – 102.6%

(Cost: $686,383,786)

 

 

     754,899,938  

Other Assets less Liabilities – (2.6)%

        (18,802,117
     

 

 

 
NET ASSETS – 100.0%             $ 736,097,821  
* 

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 $6,075, which represent less than 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $30,079,170. The Fund also had securities on loan having a total market value of $33,493 that were sold and pending settlement. The total market value of the collateral held by the Fund was $31,852,135. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $12,295,935.

CVR – Contingent Value Rights

 

See Notes to Financial Statements.

 

80   WisdomTree Trust


Table of Contents

Schedule of Investments

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

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.7%

 

Aerospace & Defense – 0.6%

 

Moog, Inc. Class A

     6,717      $ 584,043  

National Presto Industries, Inc.

     888        96,393  
     

 

 

 
Total Aerospace & Defense

 

     680,436  
Airlines – 0.9%

 

Allegiant Travel Co.

     6,112        791,321  

Hawaiian Holdings, Inc.

     13,022        341,827  
     

 

 

 
Total Airlines

 

     1,133,148  
Auto Components – 3.4%

 

Cooper Tire & Rubber Co.

     11,384        340,268  

Dana, Inc.

     72,039        1,277,972  

LCI Industries

     16,407        1,260,385  

Standard Motor Products, Inc.

     6,529        320,574  

Tenneco, Inc. Class A

     34,781        770,747  

Tower International, Inc.

     7,366        154,907  
     

 

 

 
Total Auto Components

 

     4,124,853  
Automobiles – 0.3%

 

Winnebago Industries, Inc.

     10,380        323,337  
Banks – 5.7%

 

1st Source Corp.

     10,150        455,836  

Enterprise Financial Services Corp.

     4,997        203,728  

FB Financial Corp.

     4,779        151,781  

First Financial Bancorp

     53,086        1,277,249  

FNCB Bancorp, Inc.

     2,911        22,415  

Great Western Bancorp, Inc.

     29,412        929,125  

Hanmi Financial Corp.

     26,103        555,211  

Heartland Financial USA, Inc.

     6,875        293,219  

LegacyTexas Financial Group, Inc.

     21,341        797,940  

Live Oak Bancshares, Inc.(a)

     4,849        70,844  

Plumas Bancorp

     1,388        31,633  

Preferred Bank

     5,948        267,482  

ServisFirst Bancshares, Inc.

     11,804        398,503  

South State Corp.

     14,330        979,312  

Stock Yards Bancorp, Inc.

     10,614        358,859  

West Bancorporation, Inc.

     2,755        56,973  
     

 

 

 
Total Banks

 

     6,850,110  
Beverages – 0.2%

 

Coca-Cola Consolidated, Inc.

     573        164,927  

MGP Ingredients, Inc.

     1,657        127,837  
     

 

 

 
Total Beverages

 

     292,764  
Building Products – 1.9%

 

AAON, Inc.

     7,613        351,569  

Apogee Enterprises, Inc.

     8,947        335,423  

Griffon Corp.

     19,992        369,452  

Insteel Industries, Inc.

     1,622        33,932  

Simpson Manufacturing Co., Inc.

     12,196        722,857  

Universal Forest Products, Inc.

     13,599        406,474  
     

 

 

 
Total Building Products

 

     2,219,707  
Capital Markets – 7.2%

 

Artisan Partners Asset Management, Inc. Class A

     94,167      2,370,183  

B. Riley Financial, Inc.

     7,457        124,457  

Cohen & Steers, Inc.

     29,289        1,238,046  

Diamond Hill Investment Group, Inc.

     3,083        431,620  

Houlihan Lokey, Inc.

     16,523        757,580  

Moelis & Co. Class A

     39,915        1,660,863  

Silvercrest Asset Management Group, Inc. Class A

     4,222        60,163  

Virtus Investment Partners, Inc.

     3,272        319,184  

Waddell & Reed Financial, Inc. Class A

     72,961        1,261,496  

Westwood Holdings Group, Inc.

     11,169        393,931  
     

 

 

 
Total Capital Markets

 

     8,617,523  
Chemicals – 7.2%

 

Balchem Corp.

     2,891        268,285  

Cabot Corp.

     30,672        1,276,875  

Chase Corp.

     1,294        119,747  

FutureFuel Corp.

     11,330        151,822  

H.B. Fuller Co.

     13,089        636,649  

Innophos Holdings, Inc.

     26,479        798,077  

Innospec, Inc.

     5,591        466,010  

Kronos Worldwide, Inc.

     121,023        1,696,743  

Minerals Technologies, Inc.

     2,460        144,623  

PolyOne Corp.

     36,742        1,076,908  

Quaker Chemical Corp.

     1,747        349,977  

Sensient Technologies Corp.

     17,889        1,212,695  

Stepan Co.

     4,929        431,386  
     

 

 

 
Total Chemicals

 

     8,629,797  
Commercial Services & Supplies – 7.9%

 

ABM Industries, Inc.

     28,677        1,042,409  

ACCO Brands Corp.

     58,245        498,577  

Brady Corp. Class A

     16,300        756,483  

Deluxe Corp.

     21,635        945,882  

Ennis, Inc.

     21,340        443,018  

Herman Miller, Inc.

     24,348        856,563  

HNI Corp.

     23,522        853,613  

Interface, Inc.

     17,220        263,810  

Kimball International, Inc. Class B

     12,776        180,653  

Knoll, Inc.

     27,126        512,953  

Matthews International Corp. Class A

     10,070        372,087  

McGrath RentCorp

     10,100        571,357  

Mobile Mini, Inc.

     22,019        747,325  

Multi-Color Corp.

     1,600        79,824  

Steelcase, Inc. Class A

     52,469        763,424  

U.S. Ecology, Inc.

     3,891        217,818  

UniFirst Corp.

     796        122,186  

Viad Corp.

     2,811        158,231  

VSE Corp.

     1,821        57,507  
     

 

 

 
Total Commercial Services & Supplies

 

     9,443,720  
Communications Equipment – 1.1%

 

InterDigital, Inc.

     11,422        753,624  

Plantronics, Inc.

     11,092        511,452  
     

 

 

 
Total Communications Equipment

 

     1,265,076  

 

See Notes to Financial Statements.

 

WisdomTree Trust      81  


Table of Contents

Schedule of Investments (continued)

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

March 31, 2019

 

 

 

Investments    Shares      Value  
Construction & Engineering – 1.9%

 

Argan, Inc.

     6,338      $ 316,583  

Comfort Systems USA, Inc.

     4,798        251,367  

KBR, Inc.

     45,085        860,673  

Primoris Services Corp.

     9,007        186,265  

Valmont Industries, Inc.

     4,643        604,054  
     

 

 

 
Total Construction & Engineering

 

     2,218,942  
Construction Materials – 0.0%

 

United States Lime & Minerals, Inc.

     705        54,370  
Containers & Packaging – 1.8%

 

Greif, Inc. Class A

     17,527        722,989  

Owens-Illinois, Inc.

     30,815        584,868  

Silgan Holdings, Inc.

     30,068        890,915  
     

 

 

 
Total Containers & Packaging

 

     2,198,772  
Distributors – 0.5%

 

Core-Mark Holding Co., Inc.

     13,647        506,713  

Weyco Group, Inc.

     4,301        133,159  
     

 

 

 
Total Distributors

 

     639,872  
Diversified Consumer Services – 0.1%

 

Carriage Services, Inc.

     6,450        124,162  
Electric Utilities – 1.4%

 

MGE Energy, Inc.

     11,913        809,726  

Otter Tail Corp.

     17,584        876,035  
     

 

 

 
Total Electric Utilities

 

     1,685,761  
Electrical Equipment – 0.3%

 

Allied Motion Technologies, Inc.

     314        10,795  

AZZ, Inc.

     6,718        274,968  

Encore Wire Corp.

     625        35,763  
     

 

 

 
Total Electrical Equipment

 

     321,526  
Electronic Equipment, Instruments & Components – 1.3%

 

Badger Meter, Inc.

     5,405        300,734  

CTS Corp.

     3,442        101,092  

KEMET Corp.

     11,258        191,048  

Methode Electronics, Inc.

     12,217        351,605  

MTS Systems Corp.

     8,069        439,438  

PC Connection, Inc.

     5,113        187,494  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     1,571,411  
Entertainment – 0.2%

 

Marcus Corp. (The)

     4,803        192,360  
Equity Real Estate Investment Trusts (REITs) – 4.0%

 

Brookfield Property REIT, Inc. Class A

     139,695        2,862,350  

PotlatchDeltic Corp.

     50,210        1,897,436  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     4,759,786  
Food & Staples Retailing – 0.8%

 

Ingles Markets, Inc. Class A

     5,422        149,756  

PriceSmart, Inc.

     5,847        344,271  

Weis Markets, Inc.

     12,266        500,575  
     

 

 

 
Total Food & Staples Retailing

 

     994,602  
Food Products – 1.1%

 

Calavo Growers, Inc.

     3,458        289,953  

J&J Snack Foods Corp.

     3,694      586,755  

John B. Sanfilippo & Son, Inc.

     1,352        97,168  

Limoneira Co.

     3,630        85,414  

Tootsie Roll Industries, Inc.(a)

     6,886        256,423  
     

 

 

 
Total Food Products

 

     1,315,713  
Gas Utilities – 0.4%

 

Chesapeake Utilities Corp.

     4,388        400,229  

RGC Resources, Inc.

     2,219        58,826  
     

 

 

 
Total Gas Utilities

 

     459,055  
Health Care Equipment & Supplies – 1.0%

 

Atrion Corp.

     218        191,552  

CONMED Corp.

     5,970        496,585  

LeMaitre Vascular, Inc.

     3,715        115,165  

Meridian Bioscience, Inc.

     20,460        360,301  

Utah Medical Products, Inc.

     849        74,924  
     

 

 

 
Total Health Care Equipment & Supplies

 

     1,238,527  
Health Care Providers & Services – 1.7%

 

Ensign Group, Inc. (The)

     3,713        190,068  

Patterson Cos., Inc.

     77,356        1,690,229  

U.S. Physical Therapy, Inc.

     1,802        189,264  
     

 

 

 
Total Health Care Providers & Services

 

     2,069,561  
Health Care Technology – 0.1%

 

Simulations Plus, Inc.

     3,713        78,381  
Hotels, Restaurants & Leisure – 2.6%

 

BBX Capital Corp.

     9,575        56,684  

BJ’s Restaurants, Inc.

     3,104        146,757  

Bloomin’ Brands, Inc.

     30,465        623,009  

Boyd Gaming Corp.

     18,918        517,596  

Cheesecake Factory, Inc. (The)

     22,665        1,108,772  

Dave & Buster’s Entertainment, Inc.

     8,618        429,780  

RCI Hospitality Holdings, Inc.

     735        16,883  

Ruth’s Hospitality Group, Inc.

     10,174        260,353  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     3,159,834  
Household Durables – 2.3%

 

Bassett Furniture Industries, Inc.

     4,368        71,679  

Ethan Allen Interiors, Inc.

     18,308        350,232  

Flexsteel Industries, Inc.

     5,028        116,599  

Hooker Furniture Corp.

     4,032        116,243  

KB Home

     7,110        171,849  

La-Z-Boy, Inc.

     15,974        526,982  

Lifetime Brands, Inc.

     3,696        34,927  

MDC Holdings, Inc.

     45,279        1,315,808  
     

 

 

 
Total Household Durables

 

     2,704,319  
Household Products – 0.5%

 

Oil-Dri Corp. of America

     3,108        96,783  

WD-40 Co.

     2,799        474,263  
     

 

 

 
Total Household Products

 

     571,046  
Independent Power & Renewable Electricity Producers – 0.3%

 

Ormat Technologies, Inc.

     6,215        342,757  
Industrial Conglomerates – 0.3%

 

Raven Industries, Inc.

     8,053        308,994  

 

See Notes to Financial Statements.

 

82   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

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

March 31, 2019

 

 

 

Investments    Shares      Value  
Insurance – 1.4%

 

AMERISAFE, Inc.

     4,767      $ 283,160  

Employers Holdings, Inc.

     10,376        416,181  

HCI Group, Inc.

     4,475        191,217  

Independence Holding Co.

     1,881        66,305  

Investors Title Co.

     296        46,738  

Kingstone Cos., Inc.

     3,822        56,336  

Kinsale Capital Group, Inc.

     1,743        119,518  

United Insurance Holdings Corp.

     9,956        158,301  

Universal Insurance Holdings, Inc.

     9,516        294,996  
     

 

 

 
Total Insurance

 

     1,632,752  
Internet & Direct Marketing Retail – 0.3%

 

PetMed Express, Inc.(a)

     16,635        378,945  
IT Services – 2.4%

 

CSG Systems International, Inc.

     14,136        597,953  

Hackett Group, Inc. (The)

     10,219        161,460  

NIC, Inc.

     29,090        497,148  

Science Applications International Corp.

     13,060        1,004,967  

TTEC Holdings, Inc.

     15,786        571,927  
     

 

 

 
Total IT Services

 

     2,833,455  
Leisure Products – 0.5%

 

Callaway Golf Co.

     4,011        63,895  

Johnson Outdoors, Inc. Class A

     1,357        96,836  

Marine Products Corp.

     12,311        165,829  

Sturm Ruger & Co., Inc.

     4,686        248,452  
     

 

 

 
Total Leisure Products

 

     575,012  
Machinery – 7.2%

 

Alamo Group, Inc.

     1,119        111,833  

Albany International Corp. Class A

     4,679        334,970  

Altra Industrial Motion Corp.

     26,980        837,729  

Briggs & Stratton Corp.

     28,463        336,717  

Douglas Dynamics, Inc.

     10,739        408,834  

EnPro Industries, Inc.

     5,102        328,824  

ESCO Technologies, Inc.

     1,994        133,658  

Federal Signal Corp.

     15,074        391,773  

Franklin Electric Co., Inc.

     8,818        450,512  

Global Brass & Copper Holdings, Inc.

     4,638        159,733  

Gorman-Rupp Co. (The)

     6,840        232,150  

Greenbrier Cos., Inc. (The)

     12,790        412,222  

Hillenbrand, Inc.

     20,985        871,507  

Hyster-Yale Materials Handling, Inc.

     4,085        254,741  

John Bean Technologies Corp.

     2,891        265,654  

Kadant, Inc.

     1,814        159,559  

Lindsay Corp.

     2,208        213,712  

Miller Industries, Inc.

     4,858        149,869  

Mueller Industries, Inc.

     15,436        483,764  

Mueller Water Products, Inc. Class A

     51,548        517,542  

Omega Flex, Inc.

     2,943        223,079  

Park-Ohio Holdings Corp.

     3,218        104,199  

REV Group, Inc.

     21,125        231,319  

Standex International Corp.

     2,383        174,912  

Sun Hydraulics Corp.

     5,020        233,480  

Tennant Co.

     4,727      293,499  

Wabash National Corp.

     21,997        298,059  
     

 

 

 
Total Machinery

 

     8,613,850  
Marine – 0.5%

 

Matson, Inc.

     16,602        599,166  
Media – 5.0%

 

Entercom Communications Corp. Class A

     132,569        695,987  

Entravision Communications Corp. Class A

     77,233        250,235  

John Wiley & Sons, Inc. Class A

     21,827        965,190  

Meredith Corp.

     27,687        1,529,984  

Saga Communications, Inc. Class A

     716        23,764  

Sinclair Broadcast Group, Inc. Class A

     34,307        1,320,133  

TEGNA, Inc.

     81,935        1,155,284  
     

 

 

 
Total Media

 

     5,940,577  
Metals & Mining – 2.6%

 

Carpenter Technology Corp.

     17,216        789,354  

Commercial Metals Co.

     55,385        945,976  

Materion Corp.

     3,129        178,541  

Schnitzer Steel Industries, Inc. Class A

     13,618        326,832  

Worthington Industries, Inc.

     24,855        927,588  
     

 

 

 
Total Metals & Mining

 

     3,168,291  
Multiline Retail – 0.9%

 

Big Lots, Inc.

     28,586        1,086,840  
Oil, Gas & Consumable Fuels – 0.2%

 

Evolution Petroleum Corp.

     31,521        212,767  

NACCO Industries, Inc. Class A

     1,830        69,942  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     282,709  
Paper & Forest Products – 1.7%

 

Boise Cascade Co.

     10,204        273,059  

Neenah, Inc.

     7,858        505,741  

Schweitzer-Mauduit International, Inc.

     34,099        1,320,313  
     

 

 

 
Total Paper & Forest Products

 

     2,099,113  
Personal Products – 1.0%

 

Inter Parfums, Inc.

     9,641        731,463  

Medifast, Inc.

     2,904        370,405  

Natural Health Trends Corp.(a)

     5,187        67,223  
     

 

 

 
Total Personal Products

 

     1,169,091  
Pharmaceuticals – 0.1%

 

Phibro Animal Health Corp. Class A

     4,602        151,866  
Professional Services – 1.7%

 

Barrett Business Services, Inc.

     2,045        158,140  

CRA International, Inc.

     2,337        118,112  

Exponent, Inc.

     8,670        500,432  

ICF International, Inc.

     2,536        192,939  

Kelly Services, Inc. Class A

     8,454        186,495  

Kforce, Inc.

     10,108        354,993  

Korn Ferry

     8,518        381,436  

Navigant Consulting, Inc.

     5,982        116,470  
     

 

 

 
Total Professional Services

 

     2,009,017  

 

See Notes to Financial Statements.

 

WisdomTree Trust      83  


Table of Contents

Schedule of Investments (concluded)

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

March 31, 2019

 

 

 

Investments    Shares      Value  
Real Estate Management & Development – 0.7%

 

Consolidated-Tomoka Land Co.

     554      $ 32,714  

Realogy Holdings Corp.

     41,173        469,372  

RMR Group, Inc. (The) Class A

     5,636        343,683  
     

 

 

 
Total Real Estate Management & Development

 

     845,769  
Road & Rail – 1.2%

 

ArcBest Corp.

     3,648        112,322  

Heartland Express, Inc.

     5,946        114,639  

Marten Transport Ltd.

     5,226        93,180  

Schneider National, Inc. Class B

     18,835        396,477  

Universal Logistics Holdings, Inc.

     10,111        198,984  

Werner Enterprises, Inc.

     13,687        467,411  
     

 

 

 
Total Road & Rail

 

     1,383,013  
Semiconductors & Semiconductor Equipment – 0.3%

 

Power Integrations, Inc.

     5,179        362,219  
Software – 0.1%

 

Ebix, Inc.(a)

     3,696        182,471  
Specialty Retail – 6.4%

 

Buckle, Inc. (The)

     43,785        819,655  

Caleres, Inc.

     7,275        179,620  

Chico’s FAS, Inc.

     127,411        544,045  

Children’s Place, Inc. (The)

     6,013        584,945  

Designer Brands, Inc.

     52,035        1,156,218  

Dick’s Sporting Goods, Inc.

     32,516        1,196,914  

Group 1 Automotive, Inc.

     6,663        431,096  

Guess?, Inc.

     60,392        1,183,683  

Haverty Furniture Cos., Inc.

     11,979        262,100  

Lithia Motors, Inc. Class A

     6,361        589,983  

Monro, Inc.

     5,912        511,506  

Shoe Carnival, Inc.

     2,663        90,622  

Sonic Automotive, Inc. Class A

     9,216        136,489  
     

 

 

 
Total Specialty Retail

 

     7,686,876  
Technology Hardware, Storage & Peripherals – 0.0%

 

AstroNova, Inc.

     1,490        30,381  
Textiles, Apparel & Luxury Goods – 1.4%

 

Culp, Inc.

     4,039        77,670  

Oxford Industries, Inc.

     5,595        421,080  

Rocky Brands, Inc.

     2,615        62,655  

Steven Madden Ltd.

     28,857        976,521  

Superior Group of Cos., Inc.

     5,524        91,809  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     1,629,735  
Thrifts & Mortgage Finance – 1.8%

 

FS Bancorp, Inc.

     990        49,975  

Hingham Institution for Savings

     267        45,927  

Timberland Bancorp, Inc.

     3,009        84,192  

Walker & Dunlop, Inc.

     12,445        633,575  

Washington Federal, Inc.

     37,404        1,080,601  

WSFS Financial Corp.

     5,923        228,628  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     2,122,898  
Trading Companies & Distributors – 1.9%

 

Applied Industrial Technologies, Inc.

     13,018        774,181  

H&E Equipment Services, Inc.

     31,884      800,607  

Kaman Corp.

     6,423        375,360  

Rush Enterprises, Inc. Class A

     7,322        306,133  

Rush Enterprises, Inc. Class B

     1,929        80,111  
     

 

 

 
Total Trading Companies & Distributors

 

     2,336,392  
Water Utilities – 1.2%

 

American States Water Co.

     9,916        707,011  

SJW Group

     9,068        559,858  

York Water Co. (The)

     4,385        150,493  
     

 

 

 
Total Water Utilities

 

     1,417,362  
Wireless Telecommunication Services – 0.2%

 

Shenandoah Telecommunications Co.

     4,869        215,989  
Total United States               119,344,011  
Puerto Rico – 0.2%      
IT Services – 0.2%      

EVERTEC, Inc.

     9,009        250,540  

TOTAL COMMON STOCKS

(Cost: $111,234,725)

              119,594,551  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%

 

United States – 0.6%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(b)

     
(Cost: $655,204)(c)      655,204        655,204  

TOTAL INVESTMENTS IN SECURITIES – 100.5%

(Cost: $111,889,929)

 

 

     120,249,755  

Other Assets less Liabilities – (0.5)%

        (550,436
     

 

 

 
NET ASSETS – 100.0%             $ 119,699,319  
(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(c) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $805,812 and the total market value of the collateral held by the Fund was $822,855. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $167,651.

 

See Notes to Financial Statements.

 

84   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 2.5%      

AAR Corp.

     742      $ 24,122  

Arconic, Inc.

     4,758        90,925  

Boeing Co. (The)

     14,491        5,527,157  

BWX Technologies, Inc.

     2,135        105,853  

Curtiss-Wright Corp.

     550        62,337  

General Dynamics Corp.

     6,901        1,168,201  

Harris Corp.

     2,897        462,680  

Hexcel Corp.

     520        35,963  

Huntington Ingalls Industries, Inc.

     819        169,697  

L3 Technologies, Inc.

     1,685        347,734  

Lockheed Martin Corp.

     9,536        2,862,326  

National Presto Industries, Inc.

     829        89,988  

Northrop Grumman Corp.

     3,137        845,735  

Raytheon Co.

     6,200        1,128,896  

Triumph Group, Inc.

     7,043        134,240  

United Technologies Corp.

     24,140        3,111,405  
     

 

 

 
Total Aerospace & Defense

 

     16,167,259  
Air Freight & Logistics – 0.7%

 

C.H. Robinson Worldwide, Inc.

     3,575        310,989  

Expeditors International of Washington, Inc.

     3,541        268,762  

FedEx Corp.

     3,819        692,805  

Forward Air Corp.

     543        35,148  

United Parcel Service, Inc. Class B

     28,843        3,222,917  
     

 

 

 
Total Air Freight & Logistics

 

     4,530,621  
Airlines – 0.3%

 

Alaska Air Group, Inc.

     1,807        101,409  

Allegiant Travel Co.

     710        91,924  

American Airlines Group, Inc.

     8,327        264,466  

Delta Air Lines, Inc.

     21,140        1,091,881  

Hawaiian Holdings, Inc.

     818        21,472  

Southwest Airlines Co.

     6,266        325,268  
     

 

 

 
Total Airlines

 

     1,896,420  
Auto Components – 0.2%

 

BorgWarner, Inc.

     5,299        203,535  

Dana, Inc.

     12,278        217,812  

Gentex Corp.

     6,612        136,736  

Goodyear Tire & Rubber Co. (The)

     10,235        185,765  

LCI Industries

     1,442        110,774  

Lear Corp.

     1,429        193,930  

Tenneco, Inc. Class A

     5,090        112,794  
     

 

 

 
Total Auto Components

 

     1,161,346  
Automobiles – 0.9%

 

Ford Motor Co.

     317,965        2,791,733  

General Motors Co.

     67,859        2,517,569  

Harley-Davidson, Inc.

     9,658        344,404  

Thor Industries, Inc.

     3,057        190,665  
     

 

 

 
Total Automobiles

 

     5,844,371  
Banks – 8.7%

 

Associated Banc-Corp.

     4,443      94,858  

Banc of California, Inc.

     6,776        93,780  

BancorpSouth Bank

     3,095        87,341  

Bank of America Corp.

     265,403        7,322,469  

Bank of Marin Bancorp

     2,290        93,180  

Bank OZK

     12,046        349,093  

BankUnited, Inc.

     6,426        214,628  

BB&T Corp.

     27,703        1,289,021  

Berkshire Hills Bancorp, Inc.

     3,595        97,928  

BOK Financial Corp.

     2,520        205,506  

Boston Private Financial Holdings, Inc.

     7,823        85,740  

Cadence BanCorp

     14,266        264,634  

Cathay General Bancorp

     4,562        154,697  

Chemical Financial Corp.

     4,614        189,912  

CIT Group, Inc.

     6,157        295,351  

Citigroup, Inc.

     91,174        5,672,846  

Citizens & Northern Corp.

     4,337        108,598  

Citizens Financial Group, Inc.

     21,106        685,945  

Columbia Banking System, Inc.

     2,944        96,239  

Comerica, Inc.

     6,229        456,710  

Commerce Bancshares, Inc.

     1,719        99,805  

Community Bank System, Inc.

     2,024        120,974  

ConnectOne Bancorp, Inc.

     3,857        75,983  

Cullen/Frost Bankers, Inc.

     2,234        216,854  

CVB Financial Corp.

     4,998        105,208  

East West Bancorp, Inc.

     3,738        179,312  

Fifth Third Bancorp

     26,393        665,634  

First Financial Bancorp

     2,134        51,344  

First Financial Bankshares, Inc.

     1,429        82,568  

First Hawaiian, Inc.

     11,134        290,041  

First Horizon National Corp.

     20,631        288,421  

First Republic Bank

     1,629        163,649  

Flushing Financial Corp.

     1,149        25,198  

FNB Corp.

     31,040        329,024  

Fulton Financial Corp.

     7,622        117,989  

Glacier Bancorp, Inc.

     3,467        138,923  

Great Southern Bancorp, Inc.

     2,308        119,785  

Great Western Bancorp, Inc.

     2,726        86,114  

Guaranty Bancshares, Inc.

     2,212        64,635  

Hancock Whitney Corp.

     5,516        222,846  

Hanmi Financial Corp.

     6,202        131,917  

Hilltop Holdings, Inc.

     5,666        103,405  

Home BancShares, Inc.

     12,502        219,660  

Hope Bancorp, Inc.

     20,611        269,592  

Huntington Bancshares, Inc.

     50,225        636,853  

Iberiabank Corp.

     1,994        142,990  

Independent Bank Corp.

     452        36,617  

International Bancshares Corp.

     2,361        89,789  

Investors Bancorp, Inc.

     18,606        220,481  

JPMorgan Chase & Co.

     118,301        11,975,610  

KeyCorp

     54,155        852,941  

Lakeland Bancorp, Inc.

     2,676        39,953  

M&T Bank Corp.

     3,226        506,547  

 

See Notes to Financial Statements.

 

WisdomTree Trust      85  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  

Midland States Bancorp, Inc.

     4,726      $ 113,708  

Old National Bancorp

     7,752        127,133  

Opus Bank

     3,801        75,260  

PacWest Bancorp

     15,638        588,145  

Park National Corp.

     1,129        106,973  

People’s United Financial, Inc.

     23,927        393,360  

Pinnacle Financial Partners, Inc.

     2,330        127,451  

PNC Financial Services Group, Inc. (The)

     15,379        1,886,388  

Prosperity Bancshares, Inc.

     2,317        160,012  

Regions Financial Corp.

     48,634        688,171  

Renasant Corp.

     3,118        105,544  

Republic Bancorp, Inc. Class A

     1,577        70,523  

S&T Bancorp, Inc.

     2,666        105,387  

Signature Bank

     1,310        167,772  

South State Corp.

     2,556        174,677  

Sterling Bancorp

     10,942        203,849  

SunTrust Banks, Inc.

     18,152        1,075,506  

Synovus Financial Corp.

     8,006        275,086  

TCF Financial Corp.

     4,802        99,353  

U.S. Bancorp

     50,423        2,429,884  

UMB Financial Corp.

     1,592        101,952  

Umpqua Holdings Corp.

     14,717        242,831  

United Bankshares, Inc.

     6,457        234,002  

United Community Banks, Inc.

     3,638        90,695  

Unity Bancorp, Inc.

     1,915        36,155  

Valley National Bancorp

     21,003        201,209  

Webster Financial Corp.

     1,588        80,464  

Wells Fargo & Co.

     194,675        9,406,696  

Zions Bancorp NA

     5,377        244,170  
     

 

 

 
Total Banks

 

     56,141,494  
Beverages – 2.4%

 

Brown-Forman Corp. Class A

     4,275        218,752  

Brown-Forman Corp. Class B

     4,201        221,729  

Coca-Cola Co. (The)

     155,839        7,302,615  

Constellation Brands, Inc. Class A

     2,375        416,409  

Keurig Dr Pepper, Inc.

     29,927        837,058  

Molson Coors Brewing Co. Class B

     5,979        356,647  

PepsiCo, Inc.

     52,285        6,407,527  
     

 

 

 
Total Beverages

 

     15,760,737  
Biotechnology – 2.2%

 

AbbVie, Inc.

     85,311        6,875,213  

Amgen, Inc.

     20,617        3,916,818  

Gilead Sciences, Inc.

     49,494        3,217,605  
     

 

 

 
Total Biotechnology

 

     14,009,636  
Building Products – 0.2%

 

A.O. Smith Corp.

     4,367        232,849  

Fortune Brands Home & Security, Inc.

     4,947        235,527  

Griffon Corp.

     6,678        123,409  

Lennox International, Inc.

     683        180,585  

Masco Corp.

     6,813        267,819  

Owens Corning

     4,275        201,438  
     

 

 

 
Total Building Products

 

     1,241,627  
Capital Markets – 3.1%

 

Affiliated Managers Group, Inc.

     2,022      216,576  

Ameriprise Financial, Inc.

     5,561        712,364  

Ares Management Corp. Class A

     5,125        118,951  

Artisan Partners Asset Management, Inc. Class A

     11,687        294,162  

Bank of New York Mellon Corp. (The)

     24,039        1,212,287  

BGC Partners, Inc. Class A

     56,289        298,895  

BlackRock, Inc.

     5,632        2,406,948  

CBOE Global Markets, Inc.

     1,631        155,663  

Charles Schwab Corp. (The)

     17,781        760,316  

CME Group, Inc.

     7,117        1,171,316  

Cohen & Steers, Inc.

     3,951        167,009  

E*TRADE Financial Corp.

     1,908        88,588  

Eaton Vance Corp.

     7,198        290,151  

Evercore, Inc. Class A

     1,210        110,110  

FactSet Research Systems, Inc.

     696        172,796  

Federated Investors, Inc. Class B

     7,105        208,248  

Franklin Resources, Inc.

     19,068        631,914  

Goldman Sachs Group, Inc. (The)

     8,108        1,556,655  

Intercontinental Exchange, Inc.

     7,591        577,979  

KKR & Co., Inc. Class A

     14,903        350,071  

Legg Mason, Inc.

     9,633        263,655  

LPL Financial Holdings, Inc.

     2,848        198,363  

MarketAxess Holdings, Inc.

     160        39,373  

Moelis & Co. Class A

     3,911        162,737  

Moody’s Corp.

     2,772        501,981  

Morgan Stanley

     59,605        2,515,331  

MSCI, Inc.

     1,532        304,623  

Nasdaq, Inc.

     3,739        327,125  

Northern Trust Corp.

     4,607        416,519  

Raymond James Financial, Inc.

     2,401        193,064  

S&P Global, Inc.

     3,257        685,761  

SEI Investments Co.

     2,629        137,365  

Silvercrest Asset Management Group, Inc. Class A

     2,012        28,671  

State Street Corp.

     13,449        885,079  

Stifel Financial Corp.

     1,932        101,932  

T. Rowe Price Group, Inc.

     7,290        729,875  

TD Ameritrade Holding Corp.

     13,678        683,763  

Virtu Financial, Inc. Class A

     6,636        157,605  

Waddell & Reed Financial, Inc. Class A

     7,879        136,228  

Westwood Holdings Group, Inc.

     2,341        82,567  
     

 

 

 
Total Capital Markets

 

     20,052,616  
Chemicals – 1.7%

 

Air Products & Chemicals, Inc.

     6,351        1,212,787  

Albemarle Corp.(a)

     2,233        183,061  

Ashland Global Holdings, Inc.

     1,040        81,255  

Cabot Corp.

     2,256        93,917  

Celanese Corp.

     2,863        282,320  

CF Industries Holdings, Inc.

     6,927        283,176  

Chemours Co. (The)

     8,025        298,209  

DowDuPont, Inc.

     74,400        3,966,264  

Eastman Chemical Co.

     5,262        399,281  

Ecolab, Inc.

     3,912        690,624  

 

See Notes to Financial Statements.

 

86   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  

FMC Corp.

     2,011      $ 154,485  

Hawkins, Inc.

     1,679        61,838  

Huntsman Corp.

     12,844        288,862  

Innophos Holdings, Inc.

     3,753        113,115  

International Flavors & Fragrances, Inc.

     2,174        279,989  

Kronos Worldwide, Inc.

     13,089        183,508  

Mosaic Co. (The)

     1,737        47,437  

Olin Corp.

     10,740        248,524  

PolyOne Corp.

     3,918        114,837  

PPG Industries, Inc.

     4,619        521,346  

Quaker Chemical Corp.

     209        41,869  

Rayonier Advanced Materials, Inc.

     2,609        35,378  

RPM International, Inc.

     4,067        236,049  

Scotts Miracle-Gro Co. (The)

     2,324        182,620  

Sensient Technologies Corp.

     1,326        89,889  

Sherwin-Williams Co. (The)

     1,108        477,227  

Valhi, Inc.

     35,496        81,996  

Valvoline, Inc.

     6,598        122,459  

W.R. Grace & Co.

     1,542        120,338  

Westlake Chemical Corp.

     2,659        180,440  
     

 

 

 
Total Chemicals

 

     11,073,100  
Commercial Services & Supplies – 0.6%

 

ABM Industries, Inc.

     3,644        132,459  

ACCO Brands Corp.

     11,777        100,811  

ADT, Inc.(a)

     25,903        165,520  

Cintas Corp.

     1,538        310,845  

Covanta Holding Corp.

     7,172        124,147  

Deluxe Corp.

     2,200        96,184  

Healthcare Services Group, Inc.

     2,737        90,294  

HNI Corp.

     2,353        85,390  

Interface, Inc.

     5,833        89,362  

KAR Auction Services, Inc.

     4,697        241,003  

LSC Communications, Inc.

     12,302        80,332  

McGrath RentCorp

     1,017        57,532  

MSA Safety, Inc.

     1,763        182,294  

Quad/Graphics, Inc.

     5,415        64,439  

Republic Services, Inc.

     8,682        697,859  

Rollins, Inc.

     5,020        208,932  

UniFirst Corp.

     191        29,319  

Waste Management, Inc.

     11,051        1,148,310  
     

 

 

 
Total Commercial Services & Supplies

 

     3,905,032  
Communications Equipment – 1.4%

 

ADTRAN, Inc.

     7,237        99,147  

Cisco Systems, Inc.

     155,303        8,384,809  

Juniper Networks, Inc.

     9,551        252,815  

Motorola Solutions, Inc.

     4,289        602,261  
     

 

 

 
Total Communications Equipment

 

     9,339,032  
Construction & Engineering – 0.1%

 

Fluor Corp.

     4,904        180,467  

Jacobs Engineering Group, Inc.

     1,172        88,123  

KBR, Inc.

     2,939        56,105  
     

 

 

 
Total Construction & Engineering

 

     324,695  
Construction Materials – 0.0%

 

Martin Marietta Materials, Inc.

     550      110,649  

Vulcan Materials Co.

     697        82,525  
     

 

 

 
Total Construction Materials

 

     193,174  
Consumer Finance – 0.7%

 

Ally Financial, Inc.

     10,904        299,751  

American Express Co.

     14,804        1,618,077  

Capital One Financial Corp.

     9,468        773,441  

Discover Financial Services

     7,385        525,517  

Navient Corp.

     6,622        76,616  

Nelnet, Inc. Class A

     783        43,120  

Santander Consumer USA Holdings, Inc.

     16,644        351,688  

Synchrony Financial

     28,924        922,675  
     

 

 

 
Total Consumer Finance

 

     4,610,885  
Containers & Packaging – 0.6%

 

AptarGroup, Inc.

     1,598        170,011  

Avery Dennison Corp.

     2,221        250,973  

Ball Corp.

     5,706        330,149  

Bemis Co., Inc.

     3,423        189,908  

Graphic Packaging Holding Co.

     12,331        155,741  

Greif, Inc. Class B

     2,179        106,531  

International Paper Co.

     21,841        1,010,583  

Myers Industries, Inc.

     1,854        31,722  

Owens-Illinois, Inc.

     4,774        90,611  

Packaging Corp. of America

     3,610        358,762  

Sealed Air Corp.

     4,666        214,916  

Sonoco Products Co.

     4,278        263,225  

WestRock Co.

     12,977        497,668  
     

 

 

 
Total Containers & Packaging

 

     3,670,800  
Distributors – 0.1%

 

Genuine Parts Co.

     4,866        545,138  

Pool Corp.

     812        133,956  

Weyco Group, Inc.

     2,037        63,065  
     

 

 

 
Total Distributors

 

     742,159  
Diversified Consumer Services – 0.1%

 

H&R Block, Inc.

     8,231        197,050  

Service Corp. International

     5,405        217,011  
     

 

 

 
Total Diversified Consumer Services

 

     414,061  
Diversified Financial Services – 0.1%

 

AXA Equitable Holdings, Inc.

     18,291        368,381  

Jefferies Financial Group, Inc.

     14,478        272,041  
     

 

 

 
Total Diversified Financial Services

 

     640,422  
Diversified Telecommunication Services – 4.8%

 

AT&T, Inc.

     543,940        17,057,958  

CenturyLink, Inc.

     134,342        1,610,760  

Cogent Communications Holdings, Inc.

     6,063        328,918  

Consolidated Communications Holdings, Inc.

     8,259        90,106  

Verizon Communications, Inc.

     201,731        11,928,354  
     

 

 

 
Total Diversified Telecommunication Services

 

     31,016,096  

 

See Notes to Financial Statements.

 

WisdomTree Trust      87  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  
Electric Utilities – 3.2%

 

ALLETE, Inc.

     2,399      $ 197,270  

Alliant Energy Corp.

     8,184        385,712  

American Electric Power Co., Inc.

     19,270        1,613,862  

Avangrid, Inc.

     13,775        693,571  

Duke Energy Corp.

     33,385        3,004,650  

Edison International

     11,925        738,396  

El Paso Electric Co.

     2,074        121,993  

Entergy Corp.

     8,524        815,150  

Evergy, Inc.

     9,778        567,613  

Eversource Energy

     11,524        817,628  

Exelon Corp.

     36,964        1,853,005  

FirstEnergy Corp.

     20,131        837,651  

Hawaiian Electric Industries, Inc.

     5,066        206,541  

IDACORP, Inc.

     1,942        193,307  

NextEra Energy, Inc.

     13,526        2,614,846  

OGE Energy Corp.

     8,782        378,680  

Otter Tail Corp.

     3,106        154,741  

Pinnacle West Capital Corp.

     4,177        399,237  

PNM Resources, Inc.

     3,958        187,372  

Portland General Electric Co.

     3,360        174,182  

PPL Corp.

     32,927        1,045,103  

Southern Co. (The)

     52,131        2,694,130  

Xcel Energy, Inc.

     17,575        987,891  
     

 

 

 
Total Electric Utilities

 

     20,682,531  
Electrical Equipment – 0.4%

 

AMETEK, Inc.

     2,284        189,503  

Emerson Electric Co.

     22,225        1,521,746  

GrafTech International Ltd.

     8,871        113,460  

Hubbell, Inc.

     2,388        281,736  

Rockwell Automation, Inc.

     3,160        554,454  
     

 

 

 
Total Electrical Equipment

 

     2,660,899  
Electronic Equipment, Instruments & Components – 0.4%

 

Amphenol Corp. Class A

     3,441        324,968  

Avnet, Inc.

     2,400        104,088  

AVX Corp.

     8,003        138,772  

CDW Corp.

     2,404        231,674  

Corning, Inc.

     23,007        761,532  

FLIR Systems, Inc.

     3,185        151,542  

Jabil, Inc.

     4,264        113,380  

Littelfuse, Inc.

     159        29,014  

Methode Electronics, Inc.

     2,926        84,210  

National Instruments Corp.

     3,793        168,257  

SYNNEX Corp.

     2,658        253,547  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     2,360,984  
Energy Equipment & Services – 0.3%

 

Archrock, Inc.

     7,686        75,169  

Baker Hughes a GE Co.

     21,531        596,839  

Halliburton Co.

     25,559        748,879  

Helmerich & Payne, Inc.

     4,837        268,744  

National Oilwell Varco, Inc.

     3,389        90,283  

Patterson-UTI Energy, Inc.

     5,935        83,209  

RPC, Inc.

     12,494      142,556  

U.S. Silica Holdings, Inc.

     6,734        116,902  
     

 

 

 
Total Energy Equipment & Services

 

     2,122,581  
Entertainment – 0.7%

 

Activision Blizzard, Inc.

     4,643        211,396  

AMC Entertainment Holdings, Inc. Class A(a)

     6,264        93,020  

Cinemark Holdings, Inc.

     4,960        198,350  

Marcus Corp. (The)

     1,131        45,297  

Viacom, Inc. Class A

     7,582        246,036  

Viacom, Inc. Class B

     4,678        131,312  

Walt Disney Co. (The)

     29,575        3,283,712  
     

 

 

 
Total Entertainment

 

     4,209,123  
Equity Real Estate Investment Trusts (REITs) – 7.9%

 

Acadia Realty Trust

     5,108        139,295  

Alexandria Real Estate Equities, Inc.

     2,958        421,692  

American Assets Trust, Inc.

     2,969        136,158  

American Campus Communities, Inc.

     6,560        312,125  

American Finance Trust, Inc.

     10,033        108,356  

American Homes 4 Rent Class A

     5,321        120,893  

American Tower Corp.

     11,078        2,183,031  

Americold Realty Trust

     5,135        156,669  

Apartment Investment & Management Co. Class A

     6,006        302,042  

Apple Hospitality REIT, Inc.

     10,308        168,020  

Ashford Hospitality Trust, Inc.

     23,231        110,347  

AvalonBay Communities, Inc.

     5,430        1,089,964  

Boston Properties, Inc.

     4,592        614,777  

Brandywine Realty Trust

     9,310        147,657  

Brixmor Property Group, Inc.

     12,141        223,030  

Brookfield Property REIT, Inc. Class A

     21,075        431,827  

Camden Property Trust

     3,946        400,519  

CatchMark Timber Trust, Inc. Class A

     11,305        111,015  

CBL & Associates Properties, Inc.(a)

     67,850        105,168  

Cedar Realty Trust, Inc.

     30,987        105,356  

Chatham Lodging Trust

     8,011        154,132  

Chesapeake Lodging Trust

     4,291        119,333  

Columbia Property Trust, Inc.

     6,246        140,597  

Community Healthcare Trust, Inc.

     3,818        137,028  

CoreCivic, Inc.

     9,493        184,639  

CorePoint Lodging, Inc.

     9,406        105,065  

CoreSite Realty Corp.

     1,322        141,480  

Corporate Office Properties Trust

     3,960        108,108  

Cousins Properties, Inc.

     16,252        156,994  

Crown Castle International Corp.

     19,766        2,530,048  

CubeSmart

     7,532        241,325  

CyrusOne, Inc.

     3,714        194,762  

DiamondRock Hospitality Co.

     11,928        129,180  

Digital Realty Trust, Inc.

     8,878        1,056,482  

Douglas Emmett, Inc.

     5,414        218,834  

Duke Realty Corp.

     13,447        411,209  

Easterly Government Properties, Inc.

     5,687        102,423  

EastGroup Properties, Inc.

     2,094        233,774  

Empire State Realty Trust, Inc. Class A

     10,268        162,234  

EPR Properties

     5,019        385,961  

 

See Notes to Financial Statements.

 

88   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  

Equinix, Inc.

     1,818      $ 823,845  

Equity LifeStyle Properties, Inc.

     2,839        324,498  

Equity Residential

     13,357        1,006,049  

Essex Property Trust, Inc.

     2,276        658,310  

Extra Space Storage, Inc.

     6,339        646,007  

Federal Realty Investment Trust

     2,602        358,686  

First Industrial Realty Trust, Inc.

     4,588        162,232  

Gaming and Leisure Properties, Inc.

     19,908        767,852  

GEO Group, Inc. (The)

     11,935        229,152  

Gladstone Commercial Corp.

     4,079        84,721  

Global Net Lease, Inc.

     7,305        138,064  

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

     4,065        104,227  

HCP, Inc.

     25,700        804,410  

Healthcare Realty Trust, Inc.

     5,669        182,032  

Healthcare Trust of America, Inc. Class A

     9,293        265,687  

Hersha Hospitality Trust

     3,794        65,029  

Highwoods Properties, Inc.

     3,336        156,058  

Hospitality Properties Trust

     14,864        391,072  

Host Hotels & Resorts, Inc.

     26,488        500,623  

Hudson Pacific Properties, Inc.

     6,125        210,822  

Independence Realty Trust, Inc.

     9,137        98,588  

Industrial Logistics Properties Trust

     8,772        176,931  

Investors Real Estate Trust

     2,449        146,720  

Invitation Homes, Inc.

     9,896        240,770  

Iron Mountain, Inc.

     24,413        865,685  

iStar, Inc.

     10,298        86,709  

JBG SMITH Properties

     3,858        159,528  

Kilroy Realty Corp.

     2,570        195,217  

Kimco Realty Corp.

     21,612        399,822  

Kite Realty Group Trust

     8,998        143,878  

Lamar Advertising Co. Class A

     4,754        376,802  

Lexington Realty Trust

     20,785        188,312  

Liberty Property Trust

     9,043        437,862  

Life Storage, Inc.

     3,219        313,112  

LTC Properties, Inc.

     2,987        136,805  

Macerich Co. (The)

     4,464        193,514  

Mack-Cali Realty Corp.

     4,263        94,639  

MedEquities Realty Trust, Inc.

     20,025        222,878  

Medical Properties Trust, Inc.

     33,704        623,861  

Mid-America Apartment Communities, Inc.

     4,393        480,287  

National Health Investors, Inc.

     2,582        202,816  

National Retail Properties, Inc.

     8,905        493,248  

New Senior Investment Group, Inc.

     29,996        163,478  

Office Properties Income Trust

     3,203        88,531  

Omega Healthcare Investors, Inc.

     21,530        821,369  

One Liberty Properties, Inc.

     5,158        149,582  

Outfront Media, Inc.

     5,046        118,076  

Paramount Group, Inc.

     6,803        96,535  

Park Hotels & Resorts, Inc.

     15,590        484,537  

Pebblebrook Hotel Trust

     8,688        269,849  

Physicians Realty Trust

     12,498        235,087  

Piedmont Office Realty Trust, Inc. Class A

     9,719        202,641  

PotlatchDeltic Corp.

     1,936        73,161  

Preferred Apartment Communities, Inc. Class A

     5,789      85,793  

Prologis, Inc.

     22,635        1,628,588  

PS Business Parks, Inc.

     1,265        198,390  

Public Storage

     7,428        1,617,670  

QTS Realty Trust, Inc. Class A

     1,973        88,765  

Rayonier, Inc.

     5,781        182,217  

Realty Income Corp.

     15,985        1,175,857  

Regency Centers Corp.

     6,148        414,929  

Retail Opportunity Investments Corp.

     7,658        132,790  

Retail Properties of America, Inc. Class A

     12,398        151,132  

Rexford Industrial Realty, Inc.

     1,016        36,383  

RLJ Lodging Trust

     11,383        199,999  

RPT Realty

     7,265        87,253  

Ryman Hospitality Properties, Inc.

     3,028        249,023  

Sabra Health Care REIT, Inc.

     20,540        399,914  

Safehold, Inc.

     5,675        123,772  

Saul Centers, Inc.

     1,627        83,579  

Senior Housing Properties Trust

     42,741        503,489  

Simon Property Group, Inc.

     15,970        2,909,894  

SL Green Realty Corp.

     1,923        172,916  

Spirit Realty Capital, Inc.

     6,161        244,777  

STAG Industrial, Inc.

     6,462        191,598  

STORE Capital Corp.

     11,439        383,206  

Sun Communities, Inc.

     3,259        386,257  

Tanger Factory Outlet Centers, Inc.

     5,196        109,012  

Taubman Centers, Inc.

     2,427        128,340  

UDR, Inc.

     11,247        511,289  

Uniti Group, Inc.

     25,457        284,864  

Ventas, Inc.

     21,600        1,378,296  

VEREIT, Inc.

     86,849        726,926  

VICI Properties, Inc.

     25,399        555,730  

Vornado Realty Trust

     6,917        466,482  

W.P. Carey, Inc.

     10,306        807,269  

Washington Prime Group, Inc.

     17,290        97,689  

Washington Real Estate Investment Trust

     3,675        104,297  

Weingarten Realty Investors

     5,920        173,870  

Welltower, Inc.

     22,350        1,734,360  

Weyerhaeuser Co.

     34,711        914,288  

Whitestone REIT

     5,687        68,358  

Xenia Hotels & Resorts, Inc.

     8,361        183,190  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     51,054,206  
Food & Staples Retailing – 1.8%

 

Casey’s General Stores, Inc.

     469        60,393  

Costco Wholesale Corp.

     5,520        1,336,613  

Kroger Co. (The)

     15,756        387,598  

Sysco Corp.

     15,186        1,013,818  

Walgreens Boots Alliance, Inc.

     24,753        1,566,122  

Walmart, Inc.

     76,327        7,444,172  

Weis Markets, Inc.

     1,479        60,358  
     

 

 

 
Total Food & Staples Retailing

 

     11,869,074  
Food Products – 1.9%

 

Alico, Inc.

     970        26,394  

Archer-Daniels-Midland Co.

     19,902        858,373  

 

See Notes to Financial Statements.

 

WisdomTree Trust      89  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  

B&G Foods, Inc.(a)

     5,024      $ 122,686  

Calavo Growers, Inc.

     437        36,642  

Campbell Soup Co.

     13,090        499,122  

Conagra Brands, Inc.

     18,536        514,189  

Flowers Foods, Inc.

     8,900        189,748  

General Mills, Inc.

     35,748        1,849,959  

Hershey Co. (The)

     4,698        539,471  

Hormel Foods Corp.

     13,596        608,557  

Ingredion, Inc.

     1,935        183,225  

J&J Snack Foods Corp.

     212        33,674  

J.M. Smucker Co. (The)

     4,008        466,932  

Kellogg Co.

     12,446        714,151  

Kraft Heinz Co. (The)

     74,497        2,432,327  

Lamb Weston Holdings, Inc.

     1,753        131,370  

Lancaster Colony Corp.

     819        128,329  

McCormick & Co., Inc. Non-Voting Shares

     3,560        536,243  

Mondelez International, Inc. Class A

     40,106        2,002,092  

Tyson Foods, Inc. Class A

     8,709        604,666  
     

 

 

 
Total Food Products

 

     12,478,150  
Gas Utilities – 0.2%

 

Atmos Energy Corp.

     3,085        317,539  

National Fuel Gas Co.

     3,092        188,488  

New Jersey Resources Corp.

     2,500        124,475  

Northwest Natural Holding Co.

     2,097        137,626  

ONE Gas, Inc.

     1,749        155,714  

South Jersey Industries, Inc.

     3,081        98,808  

Southwest Gas Holdings, Inc.

     1,079        88,759  

Spire, Inc.

     2,287        188,197  

UGI Corp.

     4,382        242,850  
     

 

 

 
Total Gas Utilities

 

     1,542,456  
Health Care Equipment & Supplies – 1.1%

 

Abbott Laboratories

     36,869        2,947,308  

Baxter International, Inc.

     6,750        548,843  

Becton, Dickinson and Co.

     4,011        1,001,667  

Danaher Corp.

     4,920        649,538  

Meridian Bioscience, Inc.

     4,589        80,812  

ResMed, Inc.

     3,206        333,328  

Stryker Corp.

     5,093        1,005,969  

Teleflex, Inc.

     425        128,418  

Zimmer Biomet Holdings, Inc.

     1,770        226,029  
     

 

 

 
Total Health Care Equipment & Supplies

 

     6,921,912  
Health Care Providers & Services – 1.4%

 

AmerisourceBergen Corp.

     5,388        428,454  

Anthem, Inc.

     4,106        1,178,340  

Cardinal Health, Inc.

     7,128        343,213  

Chemed Corp.

     209        66,894  

CVS Health Corp.

     39,062        2,106,614  

Encompass Health Corp.

     3,112        181,741  

HCA Healthcare, Inc.

     2,365        308,349  

Humana, Inc.

     1,032        274,512  

McKesson Corp.

     1,460        170,907  

Quest Diagnostics, Inc.

     3,411        306,717  

UnitedHealth Group, Inc.

     15,842      3,917,093  
     

 

 

 
Total Health Care Providers & Services

 

     9,282,834  
Hotels, Restaurants & Leisure – 2.3%

 

Aramark

     2,692        79,549  

Brinker International, Inc.

     2,049        90,935  

Choice Hotels International, Inc.

     1,292        100,440  

Churchill Downs, Inc.

     813        73,381  

Cracker Barrel Old Country Store, Inc.

     833        134,621  

Darden Restaurants, Inc.

     4,124        500,942  

Dine Brands Global, Inc.

     2,583        235,802  

Domino’s Pizza, Inc.

     629        162,345  

Dunkin’ Brands Group, Inc.

     2,601        195,335  

Hilton Worldwide Holdings, Inc.

     3,918        325,625  

Jack in the Box, Inc.

     359        29,100  

Las Vegas Sands Corp.

     49,060        2,990,698  

Marriott International, Inc. Class A

     5,340        667,981  

Marriott Vacations Worldwide Corp.

     1,914        178,959  

McDonald’s Corp.

     22,826        4,334,657  

MGM Resorts International

     10,356        265,735  

Six Flags Entertainment Corp.

     4,599        226,961  

Starbucks Corp.

     31,049        2,308,183  

Texas Roadhouse, Inc.

     2,216        137,813  

Vail Resorts, Inc.

     985        214,040  

Wendy’s Co. (The)

     7,600        135,964  

Wyndham Destinations, Inc.

     3,508        142,039  

Wyndham Hotels & Resorts, Inc.

     1,801        90,032  

Wynn Resorts Ltd.

     3,840        458,189  

Yum! Brands, Inc.

     6,340        632,795  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     14,712,121  
Household Durables – 0.3%

 

Bassett Furniture Industries, Inc.

     3,678        60,356  

D.R. Horton, Inc.

     7,313        302,612  

Ethan Allen Interiors, Inc.

     4,833        92,455  

Flexsteel Industries, Inc.

     2,978        69,060  

La-Z-Boy, Inc.

     1,800        59,382  

Leggett & Platt, Inc.

     7,377        311,457  

Lennar Corp. Class A

     2,793        137,108  

MDC Holdings, Inc.

     4,178        121,413  

Newell Brands, Inc.

     14,265        218,825  

PulteGroup, Inc.

     6,488        181,405  

Toll Brothers, Inc.

     4,342        157,180  

Whirlpool Corp.

     3,572        474,683  
     

 

 

 
Total Household Durables

 

     2,185,936  
Household Products – 2.1%

 

Church & Dwight Co., Inc.

     5,302        377,661  

Clorox Co. (The)

     4,049        649,703  

Colgate-Palmolive Co.

     24,936        1,709,113  

Energizer Holdings, Inc.

     1,855        83,345  

Kimberly-Clark Corp.

     13,880        1,719,732  

Oil-Dri Corp. of America

     680        21,175  

Procter & Gamble Co. (The)

     86,324        8,982,012  

Spectrum Brands Holdings, Inc.

     3,866        211,780  
     

 

 

 
Total Household Products

 

     13,754,521  

 

See Notes to Financial Statements.

 

90   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  
Independent Power & Renewable Electricity Producers – 0.2%

 

AES Corp.

     34,842      $ 629,943  

Clearway Energy, Inc. Class C

     5,376        81,231  

NRG Energy, Inc.

     2,205        93,669  

Ormat Technologies, Inc.

     501        27,630  

Pattern Energy Group, Inc. Class A

     7,942        174,724  

TerraForm Power, Inc. Class A

     13,921        191,275  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     1,198,472  
Industrial Conglomerates – 2.1%

 

3M Co.

     17,024        3,537,247  

Carlisle Cos., Inc.

     1,088        133,410  

General Electric Co.

     678,587        6,779,084  

Honeywell International, Inc.

     18,986        3,017,255  

Raven Industries, Inc.

     929        35,646  

Roper Technologies, Inc.

     877        299,908  
     

 

 

 
Total Industrial Conglomerates

 

     13,802,550  
Insurance – 2.6%

 

Aflac, Inc.

     21,865        1,093,250  

Allstate Corp. (The)

     8,333        784,802  

American Financial Group, Inc.

     1,404        135,079  

American International Group, Inc.

     37,230        1,603,124  

American National Insurance Co.

     495        59,806  

AMERISAFE, Inc.

     1,652        98,129  

Arthur J. Gallagher & Co.

     5,841        456,182  

Assurant, Inc.

     1,764        167,421  

Brown & Brown, Inc.

     5,490        162,010  

Cincinnati Financial Corp.

     5,669        486,967  

CNA Financial Corp.

     9,491        411,435  

CNO Financial Group, Inc.

     6,269        101,432  

Erie Indemnity Co. Class A

     1,537        274,385  

Fidelity National Financial, Inc.

     11,720        428,366  

First American Financial Corp.

     5,143        264,865  

Hanover Insurance Group, Inc. (The)

     1,419        162,007  

Hartford Financial Services Group, Inc. (The)

     13,439        668,187  

Horace Mann Educators Corp.

     699        24,612  

Lincoln National Corp.

     6,843        401,684  

Loews Corp.

     1,227        58,810  

Marsh & McLennan Cos., Inc.

     11,130        1,045,107  

Mercury General Corp.

     3,399        170,188  

MetLife, Inc.

     46,942        1,998,321  

Old Republic International Corp.

     13,550        283,466  

Principal Financial Group, Inc.

     17,775        892,127  

ProAssurance Corp.

     4,590        158,860  

Progressive Corp. (The)

     9,926        715,565  

Prudential Financial, Inc.

     20,826        1,913,493  

Reinsurance Group of America, Inc.

     1,529        217,088  

RLI Corp.

     541        38,817  

Safety Insurance Group, Inc.

     963        83,916  

Torchmark Corp.

     1,323        108,420  

Travelers Cos., Inc. (The)

     7,450        1,021,842  

Unum Group

     10,687        361,541  

W.R. Berkley Corp.

     1,456        123,352  
     

 

 

 
Total Insurance

 

     16,974,656  
Internet & Direct Marketing Retail – 0.0%

 

Expedia Group, Inc.

     1,769      210,511  
IT Services – 2.8%

 

Alliance Data Systems Corp.

     1,046        183,029  

Automatic Data Processing, Inc.

     11,710        1,870,555  

Booz Allen Hamilton Holding Corp.

     3,582        208,257  

Broadridge Financial Solutions, Inc.

     2,823        292,717  

Cass Information Systems, Inc.

     1,107        52,361  

Cognizant Technology Solutions Corp. Class A

     6,371        461,579  

DXC Technology Co.

     4,283        275,440  

Fidelity National Information Services, Inc.

     4,975        562,673  

International Business Machines Corp.

     53,813        7,593,014  

Jack Henry & Associates, Inc.

     1,635        226,840  

Leidos Holdings, Inc.

     4,104        263,025  

ManTech International Corp. Class A

     843        45,539  

MasterCard, Inc. Class A

     7,617        1,793,423  

Paychex, Inc.

     13,095        1,050,219  

Sabre Corp.

     5,294        113,239  

Science Applications International Corp.

     1,000        76,950  

Switch, Inc. Class A(a)

     10,533        108,595  

Total System Services, Inc.

     1,882        178,809  

Visa, Inc. Class A

     16,329        2,550,427  

Western Union Co. (The)

     19,628        362,529  
     

 

 

 
Total IT Services

 

     18,269,220  
Leisure Products – 0.1%

 

Brunswick Corp.

     1,721        86,618  

Escalade, Inc.

     1,983        22,150  

Hasbro, Inc.

     3,586        304,881  

Marine Products Corp.

     2,125        28,624  

Polaris Industries, Inc.

     2,067        174,517  
     

 

 

 
Total Leisure Products

 

     616,790  
Life Sciences Tools & Services – 0.2%

 

Agilent Technologies, Inc.

     4,290        344,830  

Bio-Techne Corp.

     812        161,223  

Luminex Corp.

     2,222        51,128  

Thermo Fisher Scientific, Inc.

     1,699        465,050  
     

 

 

 
Total Life Sciences Tools & Services

 

     1,022,231  
Machinery – 1.8%

 

AGCO Corp.

     1,754        121,991  

Albany International Corp. Class A

     805        57,630  

Allison Transmission Holdings, Inc.

     4,055        182,151  

Altra Industrial Motion Corp.

     4,370        135,688  

Briggs & Stratton Corp.

     7,244        85,697  

Caterpillar, Inc.

     17,867        2,420,800  

Crane Co.

     1,791        151,554  

Cummins, Inc.

     5,782        912,804  

Deere & Co.

     7,163        1,144,934  

Donaldson Co., Inc.

     3,387        169,553  

Dover Corp.

     4,315        404,747  

Flowserve Corp.

     1,882        84,953  

Fortive Corp.

     2,059        172,730  

Graco, Inc.

     3,809        188,622  

 

See Notes to Financial Statements.

 

WisdomTree Trust      91  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  

Graham Corp.

     2,382      $ 46,759  

Greenbrier Cos., Inc. (The)

     911        29,362  

Hurco Cos., Inc.

     756        30,489  

IDEX Corp.

     1,718        260,689  

Illinois Tool Works, Inc.

     10,804        1,550,698  

Kennametal, Inc.

     3,296        121,128  

Lincoln Electric Holdings, Inc.

     1,868        156,669  

Lindsay Corp.

     346        33,489  

Mueller Industries, Inc.

     3,190        99,975  

NN, Inc.

     11,958        89,565  

Nordson Corp.

     1,169        154,916  

Oshkosh Corp.

     1,404        105,483  

PACCAR, Inc.

     5,904        402,299  

Parker-Hannifin Corp.

     2,842        487,744  

REV Group, Inc.

     10,817        118,446  

Snap-on, Inc.

     1,304        204,102  

Stanley Black & Decker, Inc.

     3,177        432,612  

Terex Corp.

     3,257        104,647  

Timken Co. (The)

     4,355        189,965  

Toro Co. (The)

     2,295        157,988  

Trinity Industries, Inc.

     3,377        73,382  

Wabtec Corp.

     3,645        268,709  

Xylem, Inc.

     2,965        234,354  
     

 

 

 
Total Machinery

 

     11,587,324  
Media – 1.1%

 

CBS Corp. Class B Non-Voting Shares

     5,882        279,571  

Comcast Corp. Class A

     103,891        4,153,562  

Emerald Expositions Events, Inc.

     6,751        85,738  

Entercom Communications Corp. Class A

     21,767        114,277  

Fox Corp. Class A*

     2,686        98,603  

Fox Corp. Class B*

     3,548        127,302  

Gannett Co., Inc.

     7,812        82,338  

Interpublic Group of Cos., Inc. (The)

     16,103        338,324  

John Wiley & Sons, Inc. Class A

     1,714        75,793  

Meredith Corp.

     2,196        121,351  

National CineMedia, Inc.

     9,711        68,463  

New Media Investment Group, Inc.

     11,357        119,249  

News Corp. Class A

     11,007        136,927  

Nexstar Media Group, Inc. Class A

     903        97,858  

Omnicom Group, Inc.

     8,527        622,386  

Sinclair Broadcast Group, Inc. Class A

     2,785        107,167  

Sirius XM Holdings, Inc.

     48,270        273,691  

TEGNA, Inc.

     7,144        100,730  

Tribune Media Co. Class A

     3,860        178,100  
     

 

 

 
Total Media

 

     7,181,430  
Metals & Mining – 0.3%

 

Commercial Metals Co.

     4,388        74,947  

Compass Minerals International, Inc.

     3,635        197,635  

Freeport-McMoRan, Inc.

     32,797        422,753  

Newmont Mining Corp.

     10,902        389,965  

Nucor Corp.

     10,062        587,118  

Reliance Steel & Aluminum Co.

     2,319        209,313  

Royal Gold, Inc.

     1,107        100,659  

Steel Dynamics, Inc.

     5,052      178,184  

Worthington Industries, Inc.

     1,809        67,512  
     

 

 

 
Total Metals & Mining

 

     2,228,086  
Mortgage Real Estate Investment Trusts (REITs) – 0.0%

 

Arlington Asset Investment Corp. Class A(a)

     14,249        113,422  
Multi-Utilities – 1.6%

 

Ameren Corp.

     9,231        678,940  

Black Hills Corp.

     2,549        188,804  

CenterPoint Energy, Inc.

     21,480        659,436  

CMS Energy Corp.

     8,620        478,755  

Consolidated Edison, Inc.

     12,220        1,036,378  

Dominion Energy, Inc.

     31,962        2,450,207  

DTE Energy Co.

     6,472        807,317  

MDU Resources Group, Inc.

     7,320        189,076  

NiSource, Inc.

     11,046        316,578  

NorthWestern Corp.

     2,538        178,701  

Public Service Enterprise Group, Inc.

     20,877        1,240,303  

Sempra Energy

     8,705        1,095,611  

WEC Energy Group, Inc.

     11,684        923,971  
     

 

 

 
Total Multi-Utilities

 

     10,244,077  
Multiline Retail – 0.5%

 

Dollar General Corp.

     3,740        446,182  

Kohl’s Corp.

     8,494        584,133  

Macy’s, Inc.

     15,777        379,121  

Nordstrom, Inc.

     5,235        232,329  

Target Corp.

     22,575        1,811,870  
     

 

 

 
Total Multiline Retail

 

     3,453,635  
Oil, Gas & Consumable Fuels – 7.5%

 

Anadarko Petroleum Corp.

     14,321        651,319  

Apache Corp.

     7,025        243,487  

Berry Petroleum Corp.

     8,147        94,016  

Cabot Oil & Gas Corp.

     3,442        89,836  

Chevron Corp.

     87,310        10,754,846  

Cimarex Energy Co.

     2,547        178,035  

ConocoPhillips

     28,243        1,884,938  

CVR Energy, Inc.

     9,685        399,022  

Delek U.S. Holdings, Inc.

     2,472        90,030  

Devon Energy Corp.

     3,744        118,161  

Diamondback Energy, Inc.

     793        80,513  

EOG Resources, Inc.

     6,053        576,125  

EQT Corp.

     6,552        135,888  

Evolution Petroleum Corp.

     4,534        30,605  

Exxon Mobil Corp.

     205,268        16,585,654  

Hess Corp.

     5,398        325,122  

HollyFrontier Corp.

     6,306        310,697  

Kinder Morgan, Inc.

     124,470        2,490,645  

Marathon Oil Corp.

     8,614        143,940  

Marathon Petroleum Corp.

     23,714        1,419,283  

Murphy Oil Corp.

     7,680        225,024  

Noble Energy, Inc.

     7,788        192,597  

Occidental Petroleum Corp.

     38,249        2,532,084  

ONEOK, Inc.

     27,035        1,888,124  

 

See Notes to Financial Statements.

 

92   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  

Panhandle Oil and Gas, Inc. Class A

     1,522      $ 23,895  

PBF Energy, Inc. Class A

     5,427        168,997  

Phillips 66

     19,061        1,814,035  

Pioneer Natural Resources Co.

     861        131,113  

SemGroup Corp. Class A

     15,337        226,067  

Targa Resources Corp.

     22,752        945,346  

Valero Energy Corp.

     21,006        1,781,939  

Williams Cos., Inc. (The)

     80,461        2,310,840  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     48,842,223  
Paper & Forest Products – 0.1%

 

Domtar Corp.

     3,199        158,830  

Louisiana-Pacific Corp.

     4,518        110,149  

Schweitzer-Mauduit International, Inc.

     5,382        208,391  
     

 

 

 
Total Paper & Forest Products

 

     477,370  
Personal Products – 0.2%

 

Coty, Inc. Class A(a)

     28,242        324,783  

Estee Lauder Cos., Inc. (The) Class A

     3,754        621,475  

Inter Parfums, Inc.

     712        54,019  

Medifast, Inc.

     431        54,974  

Nu Skin Enterprises, Inc. Class A

     1,917        91,748  
     

 

 

 
Total Personal Products

 

     1,146,999  
Pharmaceuticals – 5.2%

 

Bristol-Myers Squibb Co.

     53,679        2,561,025  

Eli Lilly & Co.

     25,863        3,355,983  

Johnson & Johnson

     81,312        11,366,604  

Merck & Co., Inc.

     86,613        7,203,603  

Pfizer, Inc.

     208,976        8,875,211  

Zoetis, Inc.

     3,907        393,318  
     

 

 

 
Total Pharmaceuticals

 

     33,755,744  
Professional Services – 0.1%

 

Equifax, Inc.

     1,403        166,255  

Kelly Services, Inc. Class A

     1,112        24,531  

ManpowerGroup, Inc.

     1,798        148,677  

Robert Half International, Inc.

     2,901        189,029  
     

 

 

 
Total Professional Services

 

     528,492  
Real Estate Management & Development – 0.1%

 

Jones Lang LaSalle, Inc.

     210        32,378  

Kennedy-Wilson Holdings, Inc.

     8,751        187,184  

Newmark Group, Inc. Class A

     16,940        141,280  

RE/MAX Holdings, Inc. Class A

     2,521        97,159  
     

 

 

 
Total Real Estate Management & Development

 

     458,001  
Road & Rail – 1.0%

 

CSX Corp.

     15,987        1,196,147  

JB Hunt Transport Services, Inc.

     1,664        168,547  

Kansas City Southern

     1,104        128,042  

Norfolk Southern Corp.

     6,295        1,176,473  

Old Dominion Freight Line, Inc.

     241        34,798  

Ryder System, Inc.

     4,695        291,043  

Union Pacific Corp.

     19,511        3,262,239  
     

 

 

 
Total Road & Rail

 

     6,257,289  
Semiconductors & Semiconductor Equipment – 3.9%

 

Analog Devices, Inc.

     9,243      973,011  

Applied Materials, Inc.

     27,835        1,103,936  

Broadcom, Inc.

     12,700        3,819,017  

Brooks Automation, Inc.

     2,732        80,129  

Cabot Microelectronics Corp.

     346        38,738  

Cypress Semiconductor Corp.

     14,191        211,730  

Intel Corp.

     136,048        7,305,778  

KLA-Tencor Corp.

     5,541        661,651  

Lam Research Corp.

     5,592        1,001,024  

Maxim Integrated Products, Inc.

     9,993        531,328  

Microchip Technology, Inc.(a)

     5,312        440,683  

NVE Corp.

     403        39,450  

NVIDIA Corp.

     2,862        513,901  

QUALCOMM, Inc.

     58,707        3,348,060  

Skyworks Solutions, Inc.

     4,552        375,449  

Teradyne, Inc.

     2,754        109,719  

Texas Instruments, Inc.

     33,653        3,569,574  

Xilinx, Inc.

     6,322        801,566  

Xperi Corp.

     4,265        99,801  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     25,024,545  
Software – 3.7%

 

Intuit, Inc.

     3,260        852,197  

j2 Global, Inc.

     1,405        121,673  

Microsoft Corp.

     159,114        18,765,905  

Oracle Corp.

     68,254        3,665,922  

SS&C Technologies Holdings, Inc.

     2,350        149,672  

Symantec Corp.

     9,611        220,957  
     

 

 

 
Total Software

 

     23,776,326  
Specialty Retail – 2.1%

 

Abercrombie & Fitch Co. Class A

     5,414        148,398  

American Eagle Outfitters, Inc.

     8,829        195,739  

Barnes & Noble, Inc.

     10,005        54,327  

Best Buy Co., Inc.

     8,045        571,678  

Buckle, Inc. (The)

     4,966        92,964  

Camping World Holdings, Inc. Class A(a)

     5,219        72,596  

Chico’s FAS, Inc.

     16,751        71,527  

Children’s Place, Inc. (The)

     259        25,196  

Dick’s Sporting Goods, Inc.

     2,613        96,185  

Foot Locker, Inc.

     3,983        241,370  

Gap, Inc. (The)

     16,244        425,268  

Group 1 Automotive, Inc.

     1,959        126,747  

Guess?, Inc.

     4,798        94,041  

Home Depot, Inc. (The)

     30,562        5,864,542  

L Brands, Inc.

     26,012        717,411  

Lithia Motors, Inc. Class A

     1,323        122,708  

Lowe’s Cos., Inc.

     19,588        2,144,298  

Office Depot, Inc.

     24,790        89,988  

Penske Automotive Group, Inc.

     3,194        142,612  

Ross Stores, Inc.

     4,015        373,796  

Sonic Automotive, Inc. Class A

     6,093        90,237  

Tiffany & Co.

     3,247        342,721  

TJX Cos., Inc. (The)

     25,700        1,367,497  

 

See Notes to Financial Statements.

 

WisdomTree Trust      93  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Total Dividend Fund (DTD)

March 31, 2019

 

 

 

Investments    Shares      Value  

Tractor Supply Co.

     2,344      $ 229,149  

Williams-Sonoma, Inc.(a)

     2,811        158,175  
     

 

 

 
Total Specialty Retail

 

     13,859,170  
Technology Hardware, Storage & Peripherals – 3.3%

 

Apple, Inc.

     95,585        18,156,371  

Hewlett Packard Enterprise Co.

     56,205        867,243  

HP, Inc.

     57,046        1,108,404  

NetApp, Inc.

     7,853        544,527  

Western Digital Corp.

     11,549        555,045  

Xerox Corp.

     9,089        290,666  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     21,522,256  
Textiles, Apparel & Luxury Goods – 0.6%

 

Carter’s, Inc.

     692        69,747  

Columbia Sportswear Co.

     1,634        170,230  

Hanesbrands, Inc.

     9,899        176,994  

NIKE, Inc. Class B

     20,288        1,708,452  

Ralph Lauren Corp.

     944        122,418  

Tapestry, Inc.

     7,187        233,506  

VF Corp.

     12,351        1,073,425  

Wolverine World Wide, Inc.

     1,501        53,631  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     3,608,403  
Thrifts & Mortgage Finance – 0.3%

 

Capitol Federal Financial, Inc.

     7,145        95,386  

ESSA Bancorp, Inc.

     7,176        110,510  

Meta Financial Group, Inc.

     1,035        20,369  

New York Community Bancorp, Inc.

     64,534        746,658  

Northwest Bancshares, Inc.

     6,944        117,840  

Provident Financial Services, Inc.

     4,484        116,091  

Southern Missouri Bancorp, Inc.

     807        24,856  

Sterling Bancorp, Inc.

     10,132        102,739  

TFS Financial Corp.

     13,386        220,467  

Washington Federal, Inc.

     7,787        224,966  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     1,779,882  
Tobacco – 2.5%

 

Altria Group, Inc.

     128,970        7,406,747  

Philip Morris International, Inc.

     97,116        8,584,083  

Universal Corp.

     1,508        86,906  

Vector Group Ltd.

     32,319        348,722  
     

 

 

 
Total Tobacco

 

     16,426,458  
Trading Companies & Distributors – 0.3%

 

Air Lease Corp.

     3,130        107,516  

Applied Industrial Technologies, Inc.

     824        49,003  

Fastenal Co.

     8,723        560,976  

GATX Corp.

     1,617        123,490  

H&E Equipment Services, Inc.

     4,314        108,325  

Kaman Corp.

     742        43,363  

MSC Industrial Direct Co., Inc. Class A

     1,201        99,335  

Rush Enterprises, Inc. Class A

     2,772        115,897  

W.W. Grainger, Inc.

     1,495        449,890  

Watsco, Inc.

     939        134,474  
     

 

 

 
Total Trading Companies & Distributors

 

     1,792,269  
Transportation Infrastructure – 0.0%

 

Macquarie Infrastructure Corp.

     7,019      289,323  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     4,195        437,371  

Aqua America, Inc.

     6,589        240,103  

Middlesex Water Co.

     744        41,656  
     

 

 

 
Total Water Utilities

 

     719,130  
Wireless Telecommunication Services – 0.0%

 

Shenandoah Telecommunications Co.

     911        40,412  

Telephone & Data Systems, Inc.

     4,233        130,080  
     

 

 

 
Total Wireless Telecommunication Services               170,492  

TOTAL COMMON STOCKS

(Cost: $507,819,028)

              645,909,687  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
WisdomTree U.S. Total Market Fund(a)(b)
(Cost: $1,289,374)
     41,966        1,355,082  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%

 

United States – 0.3%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     
(Cost: $1,829,310)(d)      1,829,310        1,829,310  

TOTAL INVESTMENTS IN SECURITIES – 100.2%

(Cost: $510,937,712)

 

 

     649,094,079  

Other Assets less Liabilities – (0.2)%

        (990,970
     

 

 

 
NET ASSETS – 100.0%             $ 648,103,109  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Affiliated company (See Note 3).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $2,277,248 and the total market value of the collateral held by the Fund was $2,333,741. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $504,431.

 

See Notes to Financial Statements.

 

94   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 2.4%

 

Aerojet Rocketdyne Holdings, Inc.*

     493      $ 17,516  

Aerovironment, Inc.*

     47        3,215  

Arconic, Inc.

     3,560        68,032  

Astronics Corp.*

     207        6,773  

Axon Enterprise, Inc.*

     70        3,809  

Boeing Co. (The)

     2,033        775,427  

BWX Technologies, Inc.

     113        5,603  

Cubic Corp.

     193        10,854  

Curtiss-Wright Corp.

     582        65,964  

General Dynamics Corp.

     1,105        187,054  

Harris Corp.

     357        57,016  

HEICO Corp.

     278        26,374  

Hexcel Corp.

     182        12,587  

Huntington Ingalls Industries, Inc.

     143        29,630  

L3 Technologies, Inc.

     565        116,599  

Lockheed Martin Corp.

     1,475        442,736  

Moog, Inc. Class A

     124        10,782  

Northrop Grumman Corp.

     649        174,970  

Raytheon Co.

     851        154,950  

Spirit AeroSystems Holdings, Inc. Class A

     222        20,320  

Teledyne Technologies, Inc.*

     96        22,753  

Textron, Inc.

     722        36,577  

TransDigm Group, Inc.*

     222        100,786  

United Technologies Corp.

     3,162        407,550  

Vectrus, Inc.*

     142        3,776  

Wesco Aircraft Holdings, Inc.*

     355        3,120  
     

 

 

 
Total Aerospace & Defense

 

     2,764,773  
Air Freight & Logistics – 0.8%

 

Air Transport Services Group, Inc.*

     859        19,800  

Atlas Air Worldwide Holdings, Inc.*

     564        28,516  

C.H. Robinson Worldwide, Inc.

     328        28,533  

Echo Global Logistics, Inc.*

     146        3,618  

Expeditors International of Washington, Inc.

     888        67,399  

FedEx Corp.

     1,103        200,095  

Hub Group, Inc. Class A*

     363        14,828  

United Parcel Service, Inc. Class B

     4,413        493,109  
     

 

 

 
Total Air Freight & Logistics

 

     855,898  
Airlines – 0.7%

 

Alaska Air Group, Inc.

     1,101        61,788  

American Airlines Group, Inc.

     3,968        126,024  

Delta Air Lines, Inc.

     5,505        284,333  

Hawaiian Holdings, Inc.

     677        17,771  

SkyWest, Inc.

     304        16,504  

Southwest Airlines Co.

     2,361        122,560  

Spirit Airlines, Inc.*

     427        22,571  

United Continental Holdings, Inc.*

     2,076        165,623  
     

 

 

 
Total Airlines

 

     817,174  
Auto Components – 0.3%

 

BorgWarner, Inc.

     470        18,053  

Cooper Tire & Rubber Co.

     994        29,711  

Dana, Inc.

     763      13,536  

Dorman Products, Inc.*

     202        17,794  

Fox Factory Holding Corp.*

     187        13,069  

Gentex Corp.

     3,694        76,392  

Gentherm, Inc.*

     294        10,837  

Goodyear Tire & Rubber Co. (The)

     742        13,467  

LCI Industries

     19        1,460  

Lear Corp.

     392        53,198  

Motorcar Parts of America, Inc.*

     192        3,623  

Shiloh Industries, Inc.*

     459        2,524  

Standard Motor Products, Inc.

     269        13,208  

Stoneridge, Inc.*

     441        12,727  

Superior Industries International, Inc.

     875        4,165  
     

 

 

 
Total Auto Components

 

     283,764  
Automobiles – 1.1%

 

Ford Motor Co.

     60,202        528,573  

General Motors Co.

     15,897        589,779  

Thor Industries, Inc.

     1,575        98,233  

Winnebago Industries, Inc.

     1,668        51,958  
     

 

 

 
Total Automobiles

 

     1,268,543  
Banks – 9.7%

 

1st Source Corp.

     70        3,144  

Allegiance Bancshares, Inc.*

     91        3,069  

American National Bankshares, Inc.

     91        3,178  

Arrow Financial Corp.

     92        3,026  

Associated Banc-Corp.

     413        8,818  

Banc of California, Inc.

     1,552        21,480  

Bancorp, Inc. (The)*

     370        2,990  

BancorpSouth Bank

     255        7,196  

Bank of America Corp.

     75,334        2,078,465  

Bank of Hawaii Corp.

     958        75,557  

Bank of Marin Bancorp

     77        3,133  

Bar Harbor Bankshares

     136        3,518  

BB&T Corp.

     3,552        165,275  

Boston Private Financial Holdings, Inc.

     609        6,675  

Bridge Bancorp, Inc.

     120        3,516  

Brookline Bancorp, Inc.

     710        10,224  

Bryn Mawr Bank Corp.

     84        3,035  

Cadence BanCorp

     4,677        86,758  

Capstar Financial Holdings, Inc.

     204        2,946  

CBTX, Inc.

     92        2,987  

Citigroup, Inc.

     22,822        1,419,985  

Citizens Financial Group, Inc.

     5,586        181,545  

City Holding Co.

     193        14,705  

CNB Financial Corp.

     129        3,260  

Columbia Banking System, Inc.

     1,722        56,292  

Comerica, Inc.

     1,970        144,440  

Commerce Bancshares, Inc.

     267        15,502  

Community Bank System, Inc.

     653        39,030  

Community Trust Bancorp, Inc.

     75        3,079  

ConnectOne Bancorp, Inc.

     990        19,503  

Cullen/Frost Bankers, Inc.

     905        87,848  

Customers Bancorp, Inc.*

     1,441        26,385  

 

See Notes to Financial Statements.

 

WisdomTree Trust      95  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

CVB Financial Corp.

     215      $ 4,526  

Eagle Bancorp, Inc.*

     816        40,963  

East West Bancorp, Inc.

     432        20,723  

Enterprise Bancorp, Inc.

     95        2,729  

Farmers National Banc Corp.

     256        3,530  

Fifth Third Bancorp

     3,892        98,156  

Financial Institutions, Inc.

     124        3,370  

First Bancorp

     139        4,832  

First Citizens BancShares, Inc. Class A

     209        85,105  

First Commonwealth Financial Corp.

     2,169        27,329  

First Community Bankshares, Inc.

     90        2,983  

First Financial Bancorp

     2,482        59,717  

First Financial Bankshares, Inc.

     279        16,121  

First Financial Corp.

     72        3,024  

First Internet Bancorp

     143        2,764  

First Interstate BancSystem, Inc. Class A

     711        28,312  

First Merchants Corp.

     146        5,380  

First Mid-Illinois Bancshares, Inc.

     90        2,999  

First Midwest Bancorp, Inc.

     3,041        62,219  

First of Long Island Corp. (The)

     153        3,355  

First Republic Bank

     1,253        125,876  

Franklin Financial Network, Inc.

     119        3,452  

Glacier Bancorp, Inc.

     362        14,505  

Great Southern Bancorp, Inc.

     57        2,958  

HarborOne Bancorp, Inc.*

     195        3,354  

HomeTrust Bancshares, Inc.

     127        3,200  

Huntington Bancshares, Inc.

     3,653        46,320  

Iberiabank Corp.

     1,062        76,156  

Independent Bank Group, Inc.

     961        49,290  

JPMorgan Chase & Co.

     21,526        2,179,077  

KeyCorp

     11,595        182,621  

Lakeland Financial Corp.

     124        5,607  

LCNB Corp.

     203        3,481  

LegacyTexas Financial Group, Inc.

     1,059        39,596  

Live Oak Bancshares, Inc.

     1,033        15,092  

M&T Bank Corp.

     465        73,014  

Mercantile Bank Corp.

     116        3,796  

Metropolitan Bank Holding Corp.*

     88        3,062  

Midland States Bancorp, Inc.

     459        11,044  

MidWestOne Financial Group, Inc.

     127        3,461  

NBT Bancorp, Inc.

     652        23,478  

Nicolet Bankshares, Inc.*

     64        3,814  

Northeast Bancorp

     182        3,764  

OFG Bancorp

     190        3,760  

Old Line Bancshares, Inc.

     118        2,942  

Old Second Bancorp, Inc.

     232        2,921  

Opus Bank

     830        16,434  

Origin Bancorp, Inc.

     187        6,367  

Orrstown Financial Services, Inc.

     154        2,863  

Peapack Gladstone Financial Corp.

     144        3,776  

People’s United Financial, Inc.

     5,456        89,697  

People’s Utah Bancorp

     113        2,980  

Peoples Bancorp, Inc.

     93        2,880  

PNC Financial Services Group, Inc. (The)

     2,457        301,376  

Popular, Inc.

     430      22,416  

Preferred Bank

     143        6,431  

Prosperity Bancshares, Inc.

     151        10,428  

QCR Holdings, Inc.

     89        3,019  

RBB Bancorp

     153        2,876  

Regions Financial Corp.

     4,329        61,255  

Renasant Corp.

     1,996        67,565  

Republic Bancorp, Inc. Class A

     194        8,676  

Republic First Bancorp, Inc.*

     476        2,499  

Sandy Spring Bancorp, Inc.

     722        22,584  

Seacoast Banking Corp. of Florida*

     760        20,026  

ServisFirst Bancshares, Inc.

     163        5,503  

Sierra Bancorp

     126        3,062  

Signature Bank

     70        8,965  

Simmons First National Corp. Class A

     2,414        59,095  

Southside Bancshares, Inc.

     391        12,993  

Sterling Bancorp

     4,488        83,611  

SunTrust Banks, Inc.

     3,024        179,172  

SVB Financial Group*

     83        18,456  

TCF Financial Corp.

     634        13,117  

Tompkins Financial Corp.

     59        4,488  

Towne Bank

     211        5,222  

TriCo Bancshares

     189        7,426  

Trustmark Corp.

     2,161        72,674  

U.S. Bancorp

     8,564        412,699  

UMB Financial Corp.

     123        7,877  

Union Bankshares Corp.

     97        3,136  

Valley National Bancorp

     7,340        70,317  

Veritex Holdings, Inc.

     677        16,397  

Washington Trust Bancorp, Inc.

     66        3,178  

Wells Fargo & Co.

     26,620        1,286,278  

Westamerica Bancorporation

     228        14,090  

Zions Bancorp NA

     2,660        120,791  
     

 

 

 
Total Banks

 

     10,933,037  
Beverages – 1.4%

 

Boston Beer Co., Inc. (The) Class A*

     46        13,558  

Brown-Forman Corp. Class B

     1,043        55,050  

Coca-Cola Co. (The)

     10,695        501,168  

Coca-Cola Consolidated, Inc.

     12        3,454  

Constellation Brands, Inc. Class A

     1,401        245,637  

Molson Coors Brewing Co. Class B

     965        57,562  

Monster Beverage Corp.*

     1,042        56,872  

National Beverage Corp.

     181        10,449  

PepsiCo, Inc.

     4,869        596,696  
     

 

 

 
Total Beverages

 

     1,540,446  
Biotechnology – 2.4%

 

AbbVie, Inc.

     6,271        505,380  

Amgen, Inc.

     3,479        660,940  

Anika Therapeutics, Inc.*

     96        2,903  

Biogen, Inc.*

     994        234,962  

Celgene Corp.*

     5,153        486,134  

Emergent BioSolutions, Inc.*

     187        9,447  

Enanta Pharmaceuticals, Inc.*

     59        5,636  

 

See Notes to Financial Statements.

 

96   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

Exelixis, Inc.*

     1,712      $ 40,746  

Gilead Sciences, Inc.

     7,222        469,502  

Halozyme Therapeutics, Inc.*

     777        12,510  

Ligand Pharmaceuticals, Inc.*

     146        18,354  

Neurocrine Biosciences, Inc.*

     56        4,934  

Regeneron Pharmaceuticals, Inc.*

     483        198,329  

United Therapeutics Corp.*

     42        4,929  

Vertex Pharmaceuticals, Inc.*

     125        22,994  
     

 

 

 
Total Biotechnology

 

     2,677,700  
Building Products – 0.4%

 

A.O. Smith Corp.

     210        11,197  

AAON, Inc.

     68        3,140  

Advanced Drainage Systems, Inc.

     130        3,350  

American Woodmark Corp.*

     401        33,135  

Armstrong World Industries, Inc.

     484        38,439  

Builders FirstSource, Inc.*

     2,172        28,975  

Fortune Brands Home & Security, Inc.

     221        10,522  

Gibraltar Industries, Inc.*

     87        3,533  

Griffon Corp.

     841        15,542  

JELD-WEN Holding, Inc.*

     2,652        46,834  

Lennox International, Inc.

     229        60,548  

Masco Corp.

     966        37,973  

NCI Building Systems, Inc.*

     1,883        11,599  

Owens Corning

     1,982        93,392  

PGT Innovations, Inc.*

     194        2,687  

Quanex Building Products Corp.

     228        3,623  

Simpson Manufacturing Co., Inc.

     77        4,564  

Trex Co., Inc.*

     149        9,166  

Universal Forest Products, Inc.

     189        5,649  

USG Corp.

     719        31,133  
     

 

 

 
Total Building Products

 

     455,001  
Capital Markets – 4.4%

 

Affiliated Managers Group, Inc.

     820        87,830  

Ameriprise Financial, Inc.

     1,821        233,270  

Artisan Partners Asset Management, Inc. Class A

     2,090        52,605  

Bank of New York Mellon Corp. (The)

     5,040        254,167  

BlackRock, Inc.

     991        423,524  

CBOE Global Markets, Inc.

     18        1,718  

Charles Schwab Corp. (The)

     6,744        288,373  

CME Group, Inc.

     846        139,235  

Cohen & Steers, Inc.

     1,163        49,160  

Cowen, Inc.*

     257        3,724  

Donnelley Financial Solutions, Inc.*

     808        12,023  

E*TRADE Financial Corp.

     672        31,201  

Evercore, Inc. Class A

     82        7,462  

FactSet Research Systems, Inc.

     144        35,751  

Federated Investors, Inc. Class B

     182        5,334  

Franklin Resources, Inc.

     2,410        79,867  

Goldman Sachs Group, Inc. (The)

     4,509        865,683  

Greenhill & Co., Inc.

     225        4,840  

Houlihan Lokey, Inc.

     510        23,383  

Interactive Brokers Group, Inc. Class A

     721        37,405  

Intercontinental Exchange, Inc.

     2,291        174,437  

INTL FCStone, Inc.*

     140      5,426  

KKR & Co., Inc. Class A

     8,133        191,044  

LPL Financial Holdings, Inc.

     883        61,501  

MarketAxess Holdings, Inc.

     66        16,241  

Moody’s Corp.

     530        95,978  

Morgan Stanley

     17,146        723,561  

Morningstar, Inc.

     146        18,395  

MSCI, Inc.

     290        57,664  

Nasdaq, Inc.

     848        74,192  

Northern Trust Corp.

     1,787        161,563  

Raymond James Financial, Inc.

     477        38,356  

S&P Global, Inc.

     635        133,699  

SEI Investments Co.

     342        17,870  

State Street Corp.

     3,852        253,500  

T. Rowe Price Group, Inc.

     965        96,616  

TD Ameritrade Holding Corp.

     1,473        73,635  

Victory Capital Holdings, Inc. Class A*

     535        8,036  

Virtu Financial, Inc. Class A

     770        18,288  

Virtus Investment Partners, Inc.

     279        27,216  

Waddell & Reed Financial, Inc. Class A

     2,452        42,395  

Westwood Holdings Group, Inc.

     81        2,857  
     

 

 

 
Total Capital Markets

 

     4,929,025  
Chemicals – 1.4%

 

Air Products & Chemicals, Inc.

     1,103        210,629  

Albemarle Corp.(a)

     1,076        88,210  

Ashland Global Holdings, Inc.

     441        34,455  

Celanese Corp.

     547        53,940  

CF Industries Holdings, Inc.

     769        31,437  

Chemours Co. (The)

     3,552        131,992  

DowDuPont, Inc.

     892        47,552  

Eastman Chemical Co.

     543        41,203  

Ecolab, Inc.

     846        149,353  

Ferro Corp.*

     1,463        27,695  

FMC Corp.

     1,114        85,577  

FutureFuel Corp.

     201        2,693  

Huntsman Corp.

     3,637        81,796  

Ingevity Corp.*

     75        7,921  

Innophos Holdings, Inc.

     439        13,231  

International Flavors & Fragrances, Inc.

     425        54,736  

Koppers Holdings, Inc.*

     819        21,278  

Kraton Corp.*

     859        27,643  

Livent Corp.*

     1,042        12,796  

Minerals Technologies, Inc.

     691        40,624  

NewMarket Corp.

     50        21,678  

Olin Corp.

     2,431        56,253  

PPG Industries, Inc.

     480        54,178  

Quaker Chemical Corp.

     15        3,005  

RPM International, Inc.

     617        35,811  

Sensient Technologies Corp.

     505        34,234  

Sherwin-Williams Co. (The)

     186        80,112  

Stepan Co.

     80        7,002  

Valvoline, Inc.

     1,095        20,323  

W.R. Grace & Co.

     846        66,022  

 

See Notes to Financial Statements.

 

WisdomTree Trust      97  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

Westlake Chemical Corp.

     1,261      $ 85,571  
     

 

 

 
Total Chemicals

 

     1,628,950  
Commercial Services & Supplies – 0.6%

 

ACCO Brands Corp.

     3,695        31,629  

Cintas Corp.

     371        74,983  

Clean Harbors, Inc.*

     58        4,149  

Copart, Inc.*

     846        51,259  

Covanta Holding Corp.

     185        3,202  

Ennis, Inc.

     120        2,491  

Herman Miller, Inc.

     1,238        43,553  

HNI Corp.

     444        16,113  

Interface, Inc.

     2,498        38,269  

KAR Auction Services, Inc.

     976        50,078  

Kimball International, Inc. Class B

     212        2,998  

LSC Communications, Inc.

     1,007        6,576  

McGrath RentCorp

     202        11,427  

MSA Safety, Inc.

     147        15,200  

Republic Services, Inc.

     1,249        100,395  

Rollins, Inc.

     430        17,897  

RR Donnelley & Sons Co.

     2,867        13,532  

Tetra Tech, Inc.

     129        7,687  

U.S. Ecology, Inc.

     52        2,911  

UniFirst Corp.

     152        23,332  

VSE Corp.

     95        3,000  

Waste Management, Inc.

     1,599        166,152  
     

 

 

 
Total Commercial Services & Supplies

 

     686,833  
Communications Equipment – 1.3%

 

Arista Networks, Inc.*

     293        92,137  

CalAmp Corp.*

     353        4,441  

Casa Systems, Inc.*

     991        8,225  

Ciena Corp.*

     751        28,042  

Cisco Systems, Inc.

     19,108        1,031,641  

F5 Networks, Inc.*

     214        33,583  

InterDigital, Inc.

     63        4,157  

Juniper Networks, Inc.

     2,303        60,960  

Lumentum Holdings, Inc.*

     420        23,747  

Motorola Solutions, Inc.

     565        79,337  

NETGEAR, Inc.*

     56        1,855  

Ubiquiti Networks, Inc.

     338        50,602  
     

 

 

 
Total Communications Equipment

 

     1,418,727  
Construction & Engineering – 0.3%

 

Comfort Systems USA, Inc.

     69        3,615  

EMCOR Group, Inc.

     774        56,564  

Fluor Corp.

     1,610        59,248  

Jacobs Engineering Group, Inc.

     707        53,159  

KBR, Inc.

     2,350        44,862  

MasTec, Inc.*

     271        13,035  

MYR Group, Inc.*

     117        4,052  

Tutor Perini Corp.*

     1,385        23,711  

Valmont Industries, Inc.

     392        50,999  
     

 

 

 
Total Construction & Engineering

 

     309,245  
Construction Materials – 0.0%

 

Forterra, Inc.*(a)

     818      3,452  

Martin Marietta Materials, Inc.

     115        23,135  

US Concrete, Inc.*

     397        16,444  
     

 

 

 
Total Construction Materials

 

     43,031  
Consumer Finance – 1.6%

 

Ally Financial, Inc.

     1,858        51,076  

American Express Co.

     4,839        528,903  

Capital One Financial Corp.

     5,837        476,825  

Credit Acceptance Corp.*

     71        32,087  

Curo Group Holdings Corp.*

     391        3,922  

Discover Financial Services

     2,208        157,121  

Elevate Credit, Inc.*

     1,129        4,900  

Encore Capital Group, Inc.*(a)

     1,127        30,688  

Enova International, Inc.*

     419        9,562  

EZCORP, Inc. Class A*

     540        5,033  

FirstCash, Inc.

     24        2,076  

Green Dot Corp. Class A*

     127        7,703  

Nelnet, Inc. Class A

     703        38,714  

OneMain Holdings, Inc.

     414        13,144  

PRA Group, Inc.*

     764        20,483  

Santander Consumer USA Holdings, Inc.

     5,232        110,552  

Synchrony Financial

     9,503        303,146  

World Acceptance Corp.*

     88        10,307  
     

 

 

 
Total Consumer Finance

 

     1,806,242  
Containers & Packaging – 0.5%

 

AptarGroup, Inc.

     160        17,022  

Avery Dennison Corp.

     784        88,592  

Ball Corp.

     1,203        69,606  

Bemis Co., Inc.

     998        55,369  

Berry Global Group, Inc.*

     263        14,168  

Crown Holdings, Inc.*

     561        30,614  

International Paper Co.

     1,441        66,675  

Owens-Illinois, Inc.

     2,369        44,964  

Sealed Air Corp.

     1,806        83,184  

Silgan Holdings, Inc.

     269        7,970  

Sonoco Products Co.

     1,022        62,884  

WestRock Co.

     501        19,213  
     

 

 

 
Total Containers & Packaging

 

     560,261  
Distributors – 0.1%

 

Genuine Parts Co.

     1,113        124,689  

Pool Corp.

     76        12,538  

Weyco Group, Inc.

     95        2,941  
     

 

 

 
Total Distributors

 

     140,168  
Diversified Consumer Services – 0.2%

 

Adtalem Global Education, Inc.*

     355      $ 16,444  

Bridgepoint Education, Inc.*

     401        2,450  

Bright Horizons Family Solutions, Inc.*

     88        11,186  

Career Education Corp.*

     253        4,179  

Collectors Universe, Inc.

     274        4,800  

Graham Holdings Co. Class B

     54        36,892  

Grand Canyon Education, Inc.*

     121        13,856  

 

See Notes to Financial Statements.

 

98   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

H&R Block, Inc.

     2,874      $ 68,803  

Laureate Education, Inc. Class A*

     1,877        28,099  

Service Corp. International

     701        28,145  

ServiceMaster Global Holdings, Inc.*

     338        15,785  

Weight Watchers International, Inc.*

     459        9,249  
     

 

 

 
Total Diversified Consumer Services

 

     239,888  
Diversified Financial Services – 2.3%

 

Berkshire Hathaway, Inc. Class B*

     12,746        2,560,544  

Voya Financial, Inc.

     1,833        91,577  
     

 

 

 
Total Diversified Financial Services

 

     2,652,121  
Diversified Telecommunication Services – 2.1%

 

AT&T, Inc.

     32,946        1,033,186  

ATN International, Inc.

     46        2,594  

Cogent Communications Holdings, Inc.

     266        14,430  

Globalstar, Inc.*(a)

     25,158        10,818  

IDT Corp. Class B*

     437        2,902  

Verizon Communications, Inc.

     21,176        1,252,137  

Vonage Holdings Corp.*

     342        3,434  
     

 

 

 
Total Diversified Telecommunication Services

 

     2,319,501  
Electric Utilities – 1.8%

 

ALLETE, Inc.

     210        17,268  

Alliant Energy Corp.

     897        42,276  

American Electric Power Co., Inc.

     2,152        180,230  

Avangrid, Inc.

     372        18,730  

Duke Energy Corp.

     2,930        263,700  

Edison International

     1,810        112,075  

Entergy Corp.

     253        24,194  

Evergy, Inc.

     640        37,152  

Eversource Energy

     1,563        110,895  

Exelon Corp.

     4,530        227,089  

Hawaiian Electric Industries, Inc.

     369        15,044  

IDACORP, Inc.

     126        12,542  

NextEra Energy, Inc.

     2,288        442,316  

OGE Energy Corp.

     1,176        50,709  

Otter Tail Corp.

     293        14,597  

Pinnacle West Capital Corp.

     618        59,069  

PNM Resources, Inc.

     275        13,019  

Portland General Electric Co.

     439        22,758  

PPL Corp.

     4,226        134,133  

Southern Co. (The)

     2,347        121,293  

Xcel Energy, Inc.

     2,162        121,526  
     

 

 

 
Total Electric Utilities

 

     2,040,615  
Electrical Equipment – 0.4%

 

AMETEK, Inc.

     1,234        102,385  

Atkore International Group, Inc.*

     992        21,358  

AZZ, Inc.

     134        5,485  

Emerson Electric Co.

     1,610        110,237  

Encore Wire Corp.

     66        3,777  

EnerSys

     221        14,400  

Generac Holdings, Inc.*

     561        28,740  

GrafTech International Ltd.

     5,512        70,498  

Hubbell, Inc.

     90        10,618  

LSI Industries, Inc.

     778      2,046  

Preformed Line Products Co.

     57        3,026  

Regal Beloit Corp.

     583        47,730  

Rockwell Automation, Inc.

     287        50,357  

Sunrun, Inc.*

     598        8,408  
     

 

 

 
Total Electrical Equipment

 

     479,065  
Electronic Equipment, Instruments & Components – 0.8%

 

Amphenol Corp. Class A

     882        83,296  

Arlo Technologies, Inc.*

     111        458  

Arrow Electronics, Inc.*

     1,410        108,655  

AVX Corp.

     1,804        31,281  

Belden, Inc.

     880        47,256  

CDW Corp.

     712        68,616  

Cognex Corp.

     255        12,969  

Coherent, Inc.*

     42        5,952  

Control4 Corp.*

     164        2,777  

Corning, Inc.

     4,441        146,997  

CTS Corp.

     121        3,554  

Dolby Laboratories, Inc. Class A

     442        27,833  

FLIR Systems, Inc.

     273        12,989  

II-VI, Inc.*

     116        4,320  

Insight Enterprises, Inc.*

     581        31,990  

IPG Photonics Corp.*

     112        16,999  

KEMET Corp.

     1,235        20,958  

Keysight Technologies, Inc.*

     477        41,594  

Knowles Corp.*

     839        14,792  

MTS Systems Corp.

     69        3,758  

National Instruments Corp.

     226        10,025  

nLight, Inc.*

     187        4,166  

Plexus Corp.*

     120        7,314  

Rogers Corp.*

     187        29,711  

Sanmina Corp.*

     321        9,261  

SYNNEX Corp.

     1        95  

Tech Data Corp.*

     485        49,669  

Trimble, Inc.*

     224        9,050  

TTM Technologies, Inc.*

     3,068        35,988  

Zebra Technologies Corp. Class A*

     193        40,439  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     882,762  
Energy Equipment & Services – 0.3%

 

C&J Energy Services, Inc.*

     987        15,318  

Cactus, Inc. Class A*

     151        5,376  

Covia Holdings Corp.*(a)

     2,790        15,596  

Forum Energy Technologies, Inc.*

     2,027        10,358  

FTS International, Inc.*

     3,815        38,150  

Halliburton Co.

     3,041        89,101  

Helmerich & Payne, Inc.

     57        3,167  

Keane Group, Inc.*

     716        7,797  

Liberty Oilfield Services, Inc. Class A(a)

     972        14,959  

Mammoth Energy Services, Inc.

     293        4,878  

NCS Multistage Holdings, Inc.*

     545        2,823  

ProPetro Holding Corp.*

     411        9,264  

RPC, Inc.

     1,943        22,170  

SEACOR Holdings, Inc.*

     132        5,581  

 

See Notes to Financial Statements.

 

WisdomTree Trust      99  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

Select Energy Services, Inc. Class A*

     1,123      $ 13,499  

Smart Sand, Inc.*(a)

     4,082        18,165  

U.S. Silica Holdings, Inc.

     1,997        34,668  
     

 

 

 
Total Energy Equipment & Services

 

     310,870  
Entertainment – 1.2%

 

Activision Blizzard, Inc.

     1,172        53,361  

Cinemark Holdings, Inc.

     975        38,990  

Electronic Arts, Inc.*

     768        78,052  

Madison Square Garden Co. (The) Class A*

     14        4,104  

Netflix, Inc.*

     350        124,796  

Viacom, Inc. Class B

     2,972        83,424  

Walt Disney Co. (The)

     8,241        914,998  

World Wrestling Entertainment, Inc. Class A

     94        8,157  

Zynga, Inc. Class A*

     3,778        20,137  
     

 

 

 
Total Entertainment

 

     1,326,019  
Equity Real Estate Investment Trusts (REITs) – 2.0%

 

Alexander & Baldwin, Inc.

     538        13,687  

Alexandria Real Estate Equities, Inc.

     115        16,394  

American Tower Corp.

     770        151,736  

Americold Realty Trust

     120        3,661  

Apartment Investment & Management Co. Class A

     482        24,240  

AvalonBay Communities, Inc.

     483        96,953  

Boston Properties, Inc.

     161        21,555  

Brandywine Realty Trust

     224        3,553  

Brixmor Property Group, Inc.

     1,946        35,748  

Camden Property Trust

     124        12,586  

CoreCivic, Inc.

     1,037        20,170  

Corporate Office Properties Trust

     139        3,795  

Crown Castle International Corp.

     432        55,296  

CubeSmart

     554        17,750  

DiamondRock Hospitality Co.

     1,526        16,527  

Digital Realty Trust, Inc.

     194        23,086  

Douglas Emmett, Inc.

     97        3,921  

Duke Realty Corp.

     1,050        32,109  

EastGroup Properties, Inc.

     64        7,145  

Empire State Realty Trust, Inc. Class A

     204        3,223  

EPR Properties

     357        27,453  

Equity LifeStyle Properties, Inc.

     214        24,460  

Equity Residential

     1,162        87,522  

Essex Property Trust, Inc.

     204        59,005  

Extra Space Storage, Inc.

     403        41,070  

First Industrial Realty Trust, Inc.

     231        8,168  

Gaming and Leisure Properties, Inc.

     1,122        43,275  

GEO Group, Inc. (The)

     820        15,744  

HCP, Inc.

     1,739        54,431  

Healthcare Realty Trust, Inc.

     224        7,193  

Healthcare Trust of America, Inc. Class A

     119        3,402  

Hospitality Properties Trust

     134        3,525  

Host Hotels & Resorts, Inc.

     4,421        83,557  

Hudson Pacific Properties, Inc.

     97        3,339  

Industrial Logistics Properties Trust

     98        1,977  

Kilroy Realty Corp.

     25        1,899  

Kimco Realty Corp.

     2,413        44,640  

Lamar Advertising Co. Class A

     82      6,499  

Lexington Realty Trust

     1,543        13,980  

Liberty Property Trust

     785        38,010  

Life Storage, Inc.

     134        13,034  

Medical Properties Trust, Inc.

     2,027        37,520  

Mid-America Apartment Communities, Inc.

     255        27,879  

National Health Investors, Inc.

     197        15,474  

National Retail Properties, Inc.

     488        27,030  

Omega Healthcare Investors, Inc.

     840        32,046  

Pebblebrook Hotel Trust

     259        8,044  

Prologis, Inc.

     1,740        125,193  

Public Storage

     558        121,521  

Realty Income Corp.

     571        42,003  

Regency Centers Corp.

     26        1,755  

RPT Realty

     210        2,522  

Ryman Hospitality Properties, Inc.

     150        12,336  

Sabra Health Care REIT, Inc.

     1,514        29,478  

SBA Communications Corp.*

     68        13,577  

Senior Housing Properties Trust

     3,725        43,880  

Simon Property Group, Inc.

     1,051        191,503  

STORE Capital Corp.

     637        21,339  

Terreno Realty Corp.

     129        5,423  

Tier REIT, Inc.

     547        15,677  

UDR, Inc.

     822        37,368  

Urstadt Biddle Properties, Inc. Class A

     61        1,259  

Ventas, Inc.

     1,049        66,937  

VICI Properties, Inc.

     1,316        28,794  

Vornado Realty Trust

     55        3,709  

W.P. Carey, Inc.

     396        31,019  

Weingarten Realty Investors

     88        2,584  

Welltower, Inc.

     1,188        92,189  

Weyerhaeuser Co.

     4,552        119,900  
     

 

 

 
Total Equity Real Estate Investment Trusts (REITs)

 

     2,303,277  
Food & Staples Retailing – 1.2%

 

Andersons, Inc. (The)

     96        3,094  

BJ’s Wholesale Club Holdings, Inc.*

     1,137        31,154  

Casey’s General Stores, Inc.

     133        17,126  

Costco Wholesale Corp.

     949        229,791  

Kroger Co. (The)

     7,789        191,609  

Performance Food Group Co.*

     491        19,463  

Smart & Final Stores, Inc.*

     556        2,747  

Sprouts Farmers Market, Inc.*

     768        16,543  

Sysco Corp.

     1,397        93,264  

U.S. Foods Holding Corp.*

     1,236        43,149  

Walgreens Boots Alliance, Inc.

     4,697        297,179  

Walmart, Inc.

     4,313        420,647  

Weis Markets, Inc.

     200        8,162  
     

 

 

 
Total Food & Staples Retailing

 

     1,373,928  
Food Products – 1.4%

 

Archer-Daniels-Midland Co.

     2,762        119,125  

B&G Foods, Inc.

     625        15,263  

Cal-Maine Foods, Inc.

     192        8,569  

Campbell Soup Co.

     475        18,112  

 

See Notes to Financial Statements.

 

100   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

Conagra Brands, Inc.

     909      $ 25,216  

Darling Ingredients, Inc.*

     495        10,717  

Flowers Foods, Inc.

     1,312        27,972  

General Mills, Inc.

     1,788        92,529  

Hershey Co. (The)

     906        104,036  

Hormel Foods Corp.

     2,020        90,415  

Hostess Brands, Inc.*

     881        11,013  

Ingredion, Inc.

     641        60,696  

J&J Snack Foods Corp.

     73        11,595  

J.M. Smucker Co. (The)

     265        30,872  

Kellogg Co.

     2,688        154,237  

Kraft Heinz Co. (The)

     6,640        216,796  

Lamb Weston Holdings, Inc.

     416        31,175  

Lancaster Colony Corp.

     13        2,037  

Mondelez International, Inc. Class A

     6,456        322,284  

Pilgrim’s Pride Corp.*

     226        5,038  

Post Holdings, Inc.*

     122        13,347  

Sanderson Farms, Inc.

     16        2,109  

Seaboard Corp.

     5        21,423  

Tootsie Roll Industries, Inc.

     270        10,057  

Tyson Foods, Inc. Class A

     1,866        129,556  
     

 

 

 
Total Food Products

 

     1,534,189  
Gas Utilities – 0.2%

 

Atmos Energy Corp.

     367        37,775  

Chesapeake Utilities Corp.

     13        1,186  

National Fuel Gas Co.

     560        34,138  

New Jersey Resources Corp.

     228        11,352  

ONE Gas, Inc.

     219        19,497  

Southwest Gas Holdings, Inc.

     230        18,920  

UGI Corp.

     969        53,702  
     

 

 

 
Total Gas Utilities

 

     176,570  
Health Care Equipment & Supplies – 1.3%

 

Abbott Laboratories

     2,643        211,281  

ABIOMED, Inc.*

     27        7,711  

Align Technology, Inc.*

     69        19,619  

Baxter International, Inc.

     1,107        90,010  

Becton, Dickinson and Co.

     467        116,624  

Boston Scientific Corp.*

     2,844        109,153  

Cantel Medical Corp.

     194        12,976  

Cooper Cos., Inc. (The)

     117        34,652  

Danaher Corp.

     1,893        249,914  

Edwards Lifesciences Corp.*

     627        119,964  

Globus Medical, Inc. Class A*

     200        9,882  

Haemonetics Corp.*

     89        7,786  

Hill-Rom Holdings, Inc.

     235        24,877  

ICU Medical, Inc.*

     16        3,829  

IDEXX Laboratories, Inc.*

     90        20,124  

Inogen, Inc.*

     19        1,812  

Intuitive Surgical, Inc.*

     152        86,728  

Masimo Corp.*

     82        11,339  

Neogen Corp.*

     83        4,763  

ResMed, Inc.

     393        40,860  

Stryker Corp.

     792        156,436  

Teleflex, Inc.

     67      20,245  

Varex Imaging Corp.*

     286        9,690  

Varian Medical Systems, Inc.*

     290        41,099  

West Pharmaceutical Services, Inc.

     191        21,048  

Zimmer Biomet Holdings, Inc.

     364        46,483  
     

 

 

 
Total Health Care Equipment & Supplies

 

     1,478,905  
Health Care Providers & Services – 2.3%

 

Amedisys, Inc.*

     112        13,805  

AmerisourceBergen Corp.

     680        54,074  

AMN Healthcare Services, Inc.*

     223        10,501  

Anthem, Inc.

     964        276,649  

Cardinal Health, Inc.

     462        22,245  

Centene Corp.*

     1,106        58,728  

Cigna Corp.

     1,510        242,838  

Covetrus, Inc.*

     222        7,071  

CVS Health Corp.

     5,342        288,094  

Encompass Health Corp.

     359        20,966  

Ensign Group, Inc. (The)

     399        20,425  

HCA Healthcare, Inc.

     1,933        252,024  

Henry Schein, Inc.*

     561        33,722  

Humana, Inc.

     475        126,350  

Laboratory Corp. of America Holdings*

     280        42,834  

Magellan Health, Inc.*

     301        19,842  

McKesson Corp.

     744        87,093  

Molina Healthcare, Inc.*

     185        26,263  

Quest Diagnostics, Inc.

     399        35,878  

Select Medical Holdings Corp.*

     1,041        14,668  

Tenet Healthcare Corp.*

     670        19,323  

UnitedHealth Group, Inc.

     3,079        761,313  

Universal Health Services, Inc. Class B

     686        91,766  

WellCare Health Plans, Inc.*

     128        34,528  
     

 

 

 
Total Health Care Providers & Services

 

     2,561,000  
Health Care Technology – 0.0%

 

Allscripts Healthcare Solutions, Inc.*

     1,475        14,071  

Cerner Corp.*

     70        4,005  

Medidata Solutions, Inc.*

     140        10,254  

NextGen Healthcare, Inc.*

     191        3,215  

Veeva Systems, Inc. Class A*

     125        15,857  
     

 

 

 
Total Health Care Technology

 

     47,402  
Hotels, Restaurants & Leisure – 1.9%

 

Aramark

     222        6,560  

BBX Capital Corp.

     1,752        10,372  

BJ’s Restaurants, Inc.

     185        8,747  

Bloomin’ Brands, Inc.

     298        6,094  

Bluegreen Vacations Corp.(a)

     1,205        17,906  

Brinker International, Inc.

     341        15,134  

Caesars Entertainment Corp.*(a)

     3,907        33,952  

Choice Hotels International, Inc.

     405        31,485  

Churchill Downs, Inc.

     258        23,287  

Cracker Barrel Old Country Store, Inc.

     145        23,433  

Darden Restaurants, Inc.

     366        44,458  

Domino’s Pizza, Inc.

     75        19,357  

Dunkin’ Brands Group, Inc.

     217        16,297  

 

See Notes to Financial Statements.

 

WisdomTree Trust      101  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

Eldorado Resorts, Inc.*

     259      $ 12,093  

Hilton Grand Vacations, Inc.*

     1        31  

Hilton Worldwide Holdings, Inc.

     1,476        122,670  

Hyatt Hotels Corp. Class A

     187        13,571  

International Speedway Corp. Class A

     343        14,965  

Jack in the Box, Inc.

     86        6,971  

Las Vegas Sands Corp.

     2,574        156,911  

Marriott International, Inc. Class A

     2,033        254,308  

McDonald’s Corp.

     2,718        516,148  

Monarch Casino & Resort, Inc.*

     78        3,426  

Planet Fitness, Inc. Class A*

     512        35,185  

Red Robin Gourmet Burgers, Inc.*

     96        2,766  

Red Rock Resorts, Inc. Class A

     1,522        39,344  

SeaWorld Entertainment, Inc.*

     116        2,988  

Shake Shack, Inc. Class A*

     211        12,481  

Six Flags Entertainment Corp.

     698        34,446  

Speedway Motorsports, Inc.

     226        3,270  

Starbucks Corp.

     4,820        358,319  

Texas Roadhouse, Inc.

     208        12,935  

Vail Resorts, Inc.

     68        14,776  

Wendy’s Co. (The)

     2,490        44,546  

Wyndham Destinations, Inc.

     352        14,252  

Wyndham Hotels & Resorts, Inc.

     324        16,197  

Yum! Brands, Inc.

     1,862        185,846  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     2,135,527  
Household Durables – 0.6%

 

Bassett Furniture Industries, Inc.

     155        2,544  

Beazer Homes USA, Inc.*

     1,982        22,813  

Cavco Industries, Inc.*

     18        2,116  

D.R. Horton, Inc.

     4,785        198,003  

Ethan Allen Interiors, Inc.

     1,065        20,373  

Flexsteel Industries, Inc.

     406        9,415  

Green Brick Partners, Inc.*

     400        3,500  

Hamilton Beach Brands Holding Co. Class A

     142        3,047  

La-Z-Boy, Inc.

     1,241        40,941  

Lennar Corp. Class A

     1,134        55,668  

M/I Homes, Inc.*

     1,261        33,568  

MDC Holdings, Inc.

     439        12,757  

Meritage Homes Corp.*

     79        3,532  

Mohawk Industries, Inc.*

     427        53,866  

New Home Co., Inc. (The)*

     504        2,399  

NVR, Inc.*

     12        33,204  

PulteGroup, Inc.

     994        27,792  

Taylor Morrison Home Corp. Class A*

     119        2,112  

Toll Brothers, Inc.

     252        9,122  

TopBuild Corp.*

     556        36,040  

TRI Pointe Group, Inc.*

     980        12,387  

Universal Electronics, Inc.*

     299        11,108  

Whirlpool Corp.

     92        12,226  

William Lyon Homes Class A*

     2,816        43,282  

ZAGG, Inc.*

     708        6,422  
     

 

 

 
Total Household Durables

 

     658,237  
Household Products – 1.2%

 

Church & Dwight Co., Inc.

     948      67,526  

Clorox Co. (The)

     503        80,712  

Colgate-Palmolive Co.

     2,008        137,628  

Energizer Holdings, Inc.

     284        12,760  

Kimberly-Clark Corp.

     1,481        183,496  

Procter & Gamble Co. (The)

     8,560        890,668  

Spectrum Brands Holdings, Inc.

     745        40,811  
     

 

 

 
Total Household Products

 

     1,413,601  
Independent Power & Renewable Electricity Producers – 0.0%

 

AES Corp.

     1,165        21,063  

Clearway Energy, Inc. Class C

     164        2,478  

Ormat Technologies, Inc.

     119        6,563  
     

 

 

 
Total Independent Power & Renewable Electricity Producers

 

     30,104  
Industrial Conglomerates – 1.1%

 

3M Co.

     2,106        437,585  

Carlisle Cos., Inc.

     606        74,308  

Honeywell International, Inc.

     4,167        662,219  

Roper Technologies, Inc.

     186        63,606  
     

 

 

 
Total Industrial Conglomerates

 

     1,237,718  
Insurance – 3.1%

 

Aflac, Inc.

     6,257        312,850  

Alleghany Corp.*

     128        78,387  

Allstate Corp. (The)

     2,367        222,924  

American Equity Investment Life Holding Co.

     2,141        57,850  

American Financial Group, Inc.

     266        25,592  

American International Group, Inc.

     2,727        117,425  

American National Insurance Co.

     411        49,657  

Arthur J. Gallagher & Co.

     1,007        78,647  

Assurant, Inc.

     490        46,506  

Brown & Brown, Inc.

     1,590        46,921  

Cincinnati Financial Corp.

     1,130        97,067  

CNA Financial Corp.

     2,972        128,836  

Employers Holdings, Inc.

     401        16,084  

Erie Indemnity Co. Class A

     210        37,489  

FBL Financial Group, Inc. Class A

     112        7,025  

Fidelity National Financial, Inc.

     2,574        94,080  

First American Financial Corp.

     285        14,677  

Genworth Financial, Inc. Class A*

     9,421        36,082  

Hanover Insurance Group, Inc. (The)

     274        31,282  

Hartford Financial Services Group, Inc. (The)

     4,022        199,974  

Horace Mann Educators Corp.

     114        4,014  

Lincoln National Corp.

     1,275        74,842  

Loews Corp.

     1,161        55,647  

Markel Corp.*

     45        44,831  

Marsh & McLennan Cos., Inc.

     1,980        185,922  

MetLife, Inc.

     8,363        356,013  

National Western Life Group, Inc. Class A

     49        12,861  

Navigators Group, Inc. (The)

     151        10,550  

Old Republic International Corp.

     3,890        81,379  

Primerica, Inc.

     125        15,269  

Principal Financial Group, Inc.

     1,520        76,289  

Progressive Corp. (The)

     3,481        250,945  

 

See Notes to Financial Statements.

 

102   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

Prudential Financial, Inc.

     2,935      $ 269,668  

Reinsurance Group of America, Inc.

     689        97,824  

RLI Corp.

     144        10,332  

Selective Insurance Group, Inc.

     219        13,858  

Torchmark Corp.

     234        19,176  

Travelers Cos., Inc. (The)

     1,399        191,887  

W.R. Berkley Corp.

     755        63,964  
     

 

 

 
Total Insurance

 

     3,534,626  
Interactive Media & Services – 4.0%

 

Alphabet, Inc. Class A*

     2,050        2,412,624  

Cargurus, Inc.*

     92        3,686  

Facebook, Inc. Class A*

     11,392        1,898,932  

IAC/InterActiveCorp*

     223        46,855  

Match Group, Inc.

     1,064        60,233  

TripAdvisor, Inc.*

     218        11,216  

Twitter, Inc.*

     751        24,693  

Yelp, Inc.*

     611        21,080  
     

 

 

 
Total Interactive Media & Services

 

     4,479,319  
Internet & Direct Marketing Retail – 1.1%

 

Amazon.com, Inc.*

     390        694,492  

Booking Holdings, Inc.*

     166        289,655  

eBay, Inc.

     5,081        188,708  

Expedia Group, Inc.

     414        49,266  

GrubHub, Inc.*

     78        5,419  

PetMed Express, Inc.(a)

     540        12,301  

Qurate Retail, Inc.*

     548        8,757  

Shutterstock, Inc.

     219        10,212  

Stamps.com, Inc.*

     55        4,478  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     1,263,288  
IT Services – 3.5%

 

Alliance Data Systems Corp.

     77        13,473  

Automatic Data Processing, Inc.

     994        158,782  

Black Knight, Inc.*

     123        6,704  

Booz Allen Hamilton Holding Corp.

     567        32,965  

Broadridge Financial Solutions, Inc.

     166        17,213  

CACI International, Inc. Class A*

     67        12,195  

Cognizant Technology Solutions Corp. Class A

     1,855        134,395  

CSG Systems International, Inc.

     326        13,790  

DXC Technology Co.

     2,150        138,267  

EPAM Systems, Inc.*

     163        27,568  

Euronet Worldwide, Inc.*

     160        22,814  

ExlService Holdings, Inc.*

     115        6,902  

Fidelity National Information Services, Inc.

     748        84,599  

First Data Corp. Class A*

     3,206        84,222  

Fiserv, Inc.*

     1,392        122,886  

Gartner, Inc.*

     94        14,258  

Global Payments, Inc.

     118        16,109  

GoDaddy, Inc. Class A*

     90        6,767  

GreenSky, Inc. Class A*

     572        7,402  

International Business Machines Corp.

     6,561        925,757  

Jack Henry & Associates, Inc.

     147        20,395  

Leidos Holdings, Inc.

     126        8,075  

ManTech International Corp. Class A

     160        8,643  

MasterCard, Inc. Class A

     2,274      535,413  

MAXIMUS, Inc.

     481        34,141  

NIC, Inc.

     756        12,920  

Paychex, Inc.

     1,482        118,856  

PayPal Holdings, Inc.*

     2,161        224,398  

Perspecta, Inc.

     998        20,180  

Presidio, Inc.

     716        10,597  

Science Applications International Corp.

     193        14,851  

Sykes Enterprises, Inc.*

     181        5,119  

Total System Services, Inc.

     687        65,272  

TTEC Holdings, Inc.

     263        9,529  

Unisys Corp.*

     354        4,131  

VeriSign, Inc.*

     327        59,370  

Virtusa Corp.*

     76        4,062  

Visa, Inc. Class A

     5,268        822,809  

Western Union Co. (The)

     6,121        113,055  

WEX, Inc.*

     53        10,175  

Worldpay, Inc. Class A*

     226        25,651  
     

 

 

 
Total IT Services

 

     3,974,710  
Leisure Products – 0.1%

 

Acushnet Holdings Corp.

     410        9,487  

Callaway Golf Co.

     1,054        16,790  

Clarus Corp.

     304        3,894  

Hasbro, Inc.

     331        28,142  

Johnson Outdoors, Inc. Class A

     54        3,854  

Malibu Boats, Inc. Class A*

     113        4,473  

Marine Products Corp.

     186        2,505  

MasterCraft Boat Holdings, Inc.*

     147        3,318  

Nautilus, Inc.*

     277        1,540  
     

 

 

 
Total Leisure Products

 

     74,003  
Life Sciences Tools & Services – 0.7%

 

Agilent Technologies, Inc.

     974        78,290  

Bio-Rad Laboratories, Inc. Class A*

     416        127,163  

Bruker Corp.

     652        25,063  

Cambrex Corp.*

     403        15,657  

Charles River Laboratories International, Inc.*

     183        26,581  

Illumina, Inc.*

     254        78,915  

IQVIA Holdings, Inc.*

     91        13,090  

Medpace Holdings, Inc.*

     61        3,597  

Mettler-Toledo International, Inc.*

     58        41,934  

PerkinElmer, Inc.

     343        33,052  

PRA Health Sciences, Inc.*

     124        13,676  

Syneos Health, Inc.*

     71        3,675  

Thermo Fisher Scientific, Inc.

     953        260,855  

Waters Corp.*

     209        52,607  
     

 

 

 
Total Life Sciences Tools & Services

 

     774,155  
Machinery – 2.5%

 

AGCO Corp.

     208        14,466  

Albany International Corp. Class A

     410        29,352  

Allison Transmission Holdings, Inc.

     1,686        75,735  

Blue Bird Corp.*

     195        3,301  

Caterpillar, Inc.

     3,819        517,436  

Chart Industries, Inc.*

     55        4,979  

 

See Notes to Financial Statements.

 

WisdomTree Trust      103  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

Columbus McKinnon Corp.

     143      $ 4,912  

Commercial Vehicle Group, Inc.*

     1,267        9,718  

Cummins, Inc.

     1,551        244,856  

Deere & Co.

     1,315        210,190  

Douglas Dynamics, Inc.

     83        3,160  

Dover Corp.

     464        43,523  

Energy Recovery, Inc.*(a)

     425        3,710  

ESCO Technologies, Inc.

     51        3,419  

Evoqua Water Technologies Corp.*

     1,226        15,423  

Federal Signal Corp.

     354        9,200  

Flowserve Corp.

     207        9,344  

Fortive Corp.

     694        58,220  

Gardner Denver Holdings, Inc.*

     1,762        49,001  

Global Brass & Copper Holdings, Inc.

     161        5,545  

Gorman-Rupp Co. (The)

     89        3,021  

Graco, Inc.

     264        13,073  

Harsco Corp.*

     415        8,366  

Hillenbrand, Inc.

     190        7,891  

Hyster-Yale Materials Handling, Inc.

     205        12,784  

IDEX Corp.

     117        17,754  

Illinois Tool Works, Inc.

     1,861        267,109  

ITT, Inc.

     1,178        68,324  

John Bean Technologies Corp.

     276        25,362  

Kennametal, Inc.

     1,138        41,821  

Lincoln Electric Holdings, Inc.

     739        61,980  

Lindsay Corp.

     90        8,711  

Lydall, Inc.*

     699        16,399  

Manitowoc Co., Inc. (The)*

     878        14,408  

Meritor, Inc.*

     3,556        72,365  

Middleby Corp. (The)*

     204        26,526  

Milacron Holdings Corp.*

     856        9,690  

Miller Industries, Inc.

     120        3,702  

Mueller Water Products, Inc. Class A

     2,066        20,743  

Navistar International Corp.*

     1,527        49,322  

Nordson Corp.

     426        56,454  

Oshkosh Corp.

     262        19,684  

PACCAR, Inc.

     1,750        119,245  

Park-Ohio Holdings Corp.

     206        6,670  

Parker-Hannifin Corp.

     530        90,959  

Proto Labs, Inc.*

     74        7,780  

RBC Bearings, Inc.*

     59        7,503  

REV Group, Inc.

     3,841        42,059  

Rexnord Corp.*

     274        6,888  

Spartan Motors, Inc.

     533        4,706  

SPX FLOW, Inc.*

     743        23,702  

Stanley Black & Decker, Inc.

     488        66,451  

Sun Hydraulics Corp.

     364        16,930  

Tennant Co.

     60        3,725  

Terex Corp.

     1,355        43,536  

Timken Co. (The)

     1,682        73,369  

Toro Co. (The)

     207        14,250  

TriMas Corp.*

     119        3,597  

Trinity Industries, Inc.

     410        8,909  

Twin Disc, Inc.*

     202        3,363  

Wabash National Corp.

     2,242      30,379  

WABCO Holdings, Inc.*

     152        20,038  

Woodward, Inc.

     275        26,095  

Xylem, Inc.

     224        17,705  
     

 

 

 
Total Machinery

 

     2,778,838  
Marine – 0.0%

 

Kirby Corp.*

     143        10,741  

Matson, Inc.

     287        10,358  
     

 

 

 
Total Marine

 

     21,099  
Media – 1.8%

 

AMC Networks, Inc. Class A*

     1,189        67,488  

Cable One, Inc.

     14        13,739  

CBS Corp. Class B Non-Voting Shares

     1,477        70,202  

Charter Communications, Inc. Class A*

     220        76,320  

Comcast Corp. Class A

     22,726        908,585  

Discovery, Inc. Class A*

     2,310        62,416  

DISH Network Corp. Class A*

     1,754        55,584  

Emerald Expositions Events, Inc.

     1,538        19,533  

EW Scripps Co. (The) Class A

     344        7,224  

Fox Corp. Class A*

     1,769        64,940  

Gannett Co., Inc.

     2,146        22,619  

Gray Television, Inc.*

     778        16,618  

Interpublic Group of Cos., Inc. (The)

     2,455        51,580  

Lee Enterprises, Inc.*

     1,605        5,297  

Liberty Broadband Corp. Class C*

     1,759        161,371  

Liberty Media Corp – Liberty SiriusXM Series C*

     1,345        51,433  

Loral Space & Communications, Inc.*

     78        2,812  

MSG Networks, Inc. Class A*

     678        14,746  

National CineMedia, Inc.

     1,324        9,334  

New Media Investment Group, Inc.

     907        9,523  

New York Times Co. (The) Class A

     463        15,210  

Nexstar Media Group, Inc. Class A

     501        54,293  

Omnicom Group, Inc.

     1,724        125,835  

Sirius XM Holdings, Inc.

     14,541        82,447  

TEGNA, Inc.

     917        12,930  

Tribune Media Co. Class A

     1,303        60,120  
     

 

 

 
Total Media

 

     2,042,199  
Metals & Mining – 0.6%

 

AK Steel Holding Corp.*(a)

     5,949        16,360  

Allegheny Technologies, Inc.*

     1,052        26,900  

Century Aluminum Co.*

     915        8,125  

Cleveland-Cliffs, Inc.(a)

     5,569        55,634  

Commercial Metals Co.

     1,739        29,702  

Freeport-McMoRan, Inc.

     21,100        271,979  

Newmont Mining Corp.

     1,036        37,058  

Nucor Corp.

     1,587        92,601  

Reliance Steel & Aluminum Co.

     1,191        107,500  

Schnitzer Steel Industries, Inc. Class A

     551        13,224  

Steel Dynamics, Inc.

     927        32,695  

United States Steel Corp.

     412        8,030  

Warrior Met Coal, Inc.

     998        30,339  
     

 

 

 
Total Metals & Mining

 

     730,147  

 

See Notes to Financial Statements.

 

104   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  
Multi-Utilities – 0.8%

 

Ameren Corp.

     1,024      $ 75,315  

Black Hills Corp.

     291        21,554  

CenterPoint Energy, Inc.

     2,133        65,483  

CMS Energy Corp.

     1,123        62,372  

Consolidated Edison, Inc.

     1,411        119,667  

Dominion Energy, Inc.

     2,259        173,175  

DTE Energy Co.

     880        109,771  

MDU Resources Group, Inc.

     627        16,195  

NiSource, Inc.

     1,253        35,911  

NorthWestern Corp.

     350        24,644  

Public Service Enterprise Group, Inc.

     1,054        62,618  

Sempra Energy

     641        80,676  

WEC Energy Group, Inc.

     1,410        111,503  
     

 

 

 
Total Multi-Utilities

 

     958,884  
Multiline Retail – 0.5%

 

Dillard’s, Inc. Class A(a)

     160        11,523  

Dollar General Corp.

     992        118,346  

Dollar Tree, Inc.*

     847        88,969  

Kohl’s Corp.

     825        56,735  

Macy’s, Inc.

     3,794        91,170  

Nordstrom, Inc.

     414        18,373  

Ollie’s Bargain Outlet Holdings, Inc.*

     140        11,946  

Target Corp.

     2,771        222,401  
     

 

 

 
Total Multiline Retail

 

     619,463  
Oil, Gas & Consumable Fuels – 4.6%

 

Anadarko Petroleum Corp.

     547        24,878  

Apache Corp.

     3,908        135,451  

Arch Coal, Inc. Class A

     271        24,734  

Callon Petroleum Co.*

     1,973        14,896  

Carrizo Oil & Gas, Inc.*

     1,115        13,904  

Centennial Resource Development, Inc. Class A*

     1,475        12,965  

Cheniere Energy, Inc.*

     608        41,563  

Chesapeake Energy Corp.*(a)

     22,728        70,457  

Chevron Corp.

     8,311        1,023,749  

Cimarex Energy Co.

     830        58,017  

CNX Resources Corp.*

     694        7,474  

Concho Resources, Inc.

     25        2,774  

ConocoPhillips

     6,094        406,714  

Continental Resources, Inc.*

     1,659        74,273  

CVR Energy, Inc.

     766        31,559  

Delek U.S. Holdings, Inc.

     899        32,742  

Denbury Resources, Inc.*

     6,323        12,962  

EOG Resources, Inc.

     2,061        196,166  

Exxon Mobil Corp.

     17,680        1,428,544  

Gulfport Energy Corp.*

     5,691        45,642  

HollyFrontier Corp.

     636        31,336  

Kinder Morgan, Inc.

     6,410        128,264  

Magnolia Oil & Gas Corp.*

     540        6,480  

Marathon Oil Corp.

     4,364        72,922  

Marathon Petroleum Corp.

     2,035        121,795  

Matador Resources Co.*

     955        18,460  

Murphy Oil Corp.

     613        17,961  

Noble Energy, Inc.

     3,414      84,428  

Occidental Petroleum Corp.

     4,087        270,559  

ONEOK, Inc.

     442        30,869  

Overseas Shipholding Group, Inc. Class A*

     4,257        9,749  

Parsley Energy, Inc. Class A*

     2,135        41,206  

PBF Energy, Inc. Class A

     2,250        70,065  

Peabody Energy Corp.

     1,676        47,481  

Phillips 66

     3,613        343,849  

SM Energy Co.

     900        15,741  

Targa Resources Corp.

     424        17,617  

Valero Energy Corp.

     2,003        169,915  

W&T Offshore, Inc.*

     2,142        14,780  

Williams Cos., Inc. (The)

     2,066        59,336  

World Fuel Services Corp.

     534        15,427  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     5,247,704  
Paper & Forest Products – 0.0%

 

Boise Cascade Co.

     1,084        29,008  

Clearwater Paper Corp.*

     467        9,097  

PH Glatfelter Co.

     768        10,844  

Verso Corp. Class A*

     195        4,177  
     

 

 

 
Total Paper & Forest Products

 

     53,126  
Personal Products – 0.2%

 

elf Beauty, Inc.*

     1,198        12,699  

Estee Lauder Cos., Inc. (The) Class A

     918        151,975  

Nu Skin Enterprises, Inc. Class A

     134        6,413  

USANA Health Sciences, Inc.*

     125        10,484  
     

 

 

 
Total Personal Products

 

     181,571  
Pharmaceuticals – 3.0%

 

ANI Pharmaceuticals, Inc.*

     61        4,303  

Bristol-Myers Squibb Co.

     5,140        245,230  

Catalent, Inc.*

     156        6,332  

Corcept Therapeutics, Inc.*

     465        5,459  

Eli Lilly & Co.

     1,715        222,538  

Innoviva, Inc.*

     1,128        15,826  

Johnson & Johnson

     8,920        1,246,927  

Merck & Co., Inc.

     6,006        499,519  

Nektar Therapeutics*

     1,855        62,328  

Pfizer, Inc.

     22,436        952,857  

Zoetis, Inc.

     908        91,408  
     

 

 

 
Total Pharmaceuticals

 

     3,352,727  
Professional Services – 0.2%

 

ASGN, Inc.*

     434        27,555  

CoStar Group, Inc.*

     20        9,328  

Exponent, Inc.

     218        12,583  

FTI Consulting, Inc.*

     77        5,915  

GP Strategies Corp.*

     259        3,147  

InnerWorkings, Inc.*

     882        3,193  

Insperity, Inc.

     54        6,678  

Kforce, Inc.

     97        3,407  

ManpowerGroup, Inc.

     897        74,173  

Mistras Group, Inc.*

     212        2,928  

Robert Half International, Inc.

     927        60,403  

 

See Notes to Financial Statements.

 

WisdomTree Trust      105  


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

TransUnion

     346      $ 23,126  

TriNet Group, Inc.*

     229        13,680  
     

 

 

 
Total Professional Services

 

     246,116  
Real Estate Management & Development – 0.2%

 

CBRE Group, Inc. Class A*

     1,595        78,873  

Five Point Holdings LLC Class A*(a)

     2,783        20,065  

HFF, Inc. Class A

     62        2,960  

Jones Lang LaSalle, Inc.

     355        54,734  

Kennedy-Wilson Holdings, Inc.

     155        3,315  

Marcus & Millichap, Inc.*

     419        17,066  

Newmark Group, Inc. Class A

     2,237        18,657  

RE/MAX Holdings, Inc. Class A

     112        4,316  

Realogy Holdings Corp.

     2,994        34,132  

St. Joe Co. (The)*

     465        7,668  
     

 

 

 
Total Real Estate Management & Development

 

     241,786  
Road & Rail – 1.3%

 

AMERCO

     189        70,215  

ArcBest Corp.

     304        9,360  

Covenant Transportation Group, Inc. Class A*

     161        3,056  

CSX Corp.

     2,702        202,164  

Genesee & Wyoming, Inc. Class A*

     916        79,820  

JB Hunt Transport Services, Inc.

     814        82,450  

Kansas City Southern

     980        113,660  

Knight-Swift Transportation Holdings, Inc.

     2,083        68,072  

Landstar System, Inc.

     361        39,490  

Marten Transport Ltd.

     190        3,388  

Norfolk Southern Corp.

     929        173,621  

Old Dominion Freight Line, Inc.

     503        72,628  

Saia, Inc.*

     23        1,405  

Union Pacific Corp.

     2,779        464,649  

Universal Logistics Holdings, Inc.

     160        3,149  

Werner Enterprises, Inc.

     1,306        44,600  
     

 

 

 
Total Road & Rail

 

     1,431,727  
Semiconductors & Semiconductor Equipment – 5.1%

 

Advanced Micro Devices, Inc.*

     1,244        31,747  

Analog Devices, Inc.

     1,548        162,958  

Applied Materials, Inc.

     10,869        431,065  

Axcelis Technologies, Inc.*

     255        5,131  

Broadcom, Inc.

     1,346        404,756  

Brooks Automation, Inc.

     220        6,453  

Cabot Microelectronics Corp.

     83        9,293  

Ceva, Inc.*

     139        3,747  

Cirrus Logic, Inc.*

     736        30,963  

Cohu, Inc.

     192        2,832  

Cypress Semiconductor Corp.

     1,390        20,739  

Diodes, Inc.*

     91        3,158  

Entegris, Inc.

     880        31,407  

First Solar, Inc.*

     573        30,277  

Integrated Device Technology, Inc.*

     326        15,971  

Intel Corp.

     30,675        1,647,247  

KLA-Tencor Corp.

     818        97,677  

Lam Research Corp.

     1,807        323,471  

Maxim Integrated Products, Inc.

     1,407        74,810  

Microchip Technology, Inc.(a)

     545      45,213  

Micron Technology, Inc.*

     31,600        1,306,028  

MKS Instruments, Inc.

     140        13,027  

Monolithic Power Systems, Inc.

     85        11,517  

Nanometrics, Inc.*

     116        3,582  

NVIDIA Corp.

     2,382        427,712  

ON Semiconductor Corp.*

     1,434        29,497  

Power Integrations, Inc.

     26        1,818  

Qorvo, Inc.*

     153        10,975  

Rudolph Technologies, Inc.*

     156        3,557  

Silicon Laboratories, Inc.*

     25        2,021  

Skyworks Solutions, Inc.

     704        58,066  

Teradyne, Inc.

     740        29,482  

Texas Instruments, Inc.

     3,724        395,005  

Universal Display Corp.(a)

     15        2,293  

Xilinx, Inc.

     788        99,910  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     5,773,405  
Software – 4.2%

 

ACI Worldwide, Inc.*

     415        13,641  

Adobe, Inc.*

     647        172,419  

ANSYS, Inc.*

     284        51,890  

Aspen Technology, Inc.*

     193        20,122  

Cadence Design Systems, Inc.*

     962        61,097  

Citrix Systems, Inc.

     580        57,803  

Envestnet, Inc.*

     143        9,351  

Fortinet, Inc.*

     144        12,092  

Guidewire Software, Inc.*

     134        13,019  

Intuit, Inc.

     393        102,734  

j2 Global, Inc.

     160        13,856  

LogMeIn, Inc.

     144        11,534  

Microsoft Corp.

     22,348        2,635,723  

Monotype Imaging Holdings, Inc.

     353        7,021  

Oracle Corp.

     16,825        903,671  

Paycom Software, Inc.*

     68        12,861  

Paylocity Holding Corp.*

     53        4,727  

Pegasystems, Inc.

     97        6,305  

Progress Software Corp.

     352        15,618  

PTC, Inc.*

     89        8,204  

Qualys, Inc.*

     143        11,832  

RealPage, Inc.*

     183        11,106  

Red Hat, Inc.*

     219        40,011  

salesforce.com, Inc.*

     553        87,579  

SPS Commerce, Inc.*

     87        9,227  

SS&C Technologies Holdings, Inc.

     333        21,209  

Symantec Corp.

     3,060        70,349  

Synopsys, Inc.*

     555        63,908  

Teradata Corp.*

     606        26,452  

Ultimate Software Group, Inc. (The)*

     50        16,507  

Verint Systems, Inc.*

     340        20,352  

VMware, Inc. Class A

     1,295        233,761  
     

 

 

 
Total Software

 

     4,745,981  
Specialty Retail – 2.6%

 

Aaron’s, Inc.

     233        12,256  

 

See Notes to Financial Statements.

 

106   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

Abercrombie & Fitch Co. Class A

     1,264      $ 34,646  

Advance Auto Parts, Inc.

     261        44,508  

American Eagle Outfitters, Inc.

     759        16,827  

At Home Group, Inc.*

     609        10,877  

AutoZone, Inc.*

     162        165,907  

Bed Bath & Beyond, Inc.

     3,988        67,756  

Best Buy Co., Inc.

     1,129        80,227  

Boot Barn Holdings, Inc.*

     408        12,012  

Burlington Stores, Inc.*

     296        46,377  

Camping World Holdings, Inc. Class A(a)

     2,152        29,934  

CarMax, Inc.*

     1,529        106,724  

Children’s Place, Inc. (The)

     48        4,669  

Citi Trends, Inc.

     262        5,059  

Conn’s, Inc.*

     415        9,487  

Container Store Group, Inc. (The)*

     676        5,949  

Designer Brands, Inc.

     373        8,288  

Express, Inc.*

     3,546        15,177  

Five Below, Inc.*

     186        23,111  

Foot Locker, Inc.

     893        54,116  

Gap, Inc. (The)

     1,208        31,625  

Guess?, Inc.

     1,063        20,835  

Haverty Furniture Cos., Inc.

     157        3,435  

Hibbett Sports, Inc.*

     750        17,108  

Home Depot, Inc. (The)

     4,909        941,988  

J. Jill, Inc.

     1,824        10,014  

Kirkland’s, Inc.*

     299        2,102  

L Brands, Inc.

     406        11,197  

Lowe’s Cos., Inc.

     2,944        322,280  

Lumber Liquidators Holdings, Inc.*(a)

     1,047        10,575  

MarineMax, Inc.*

     463        8,871  

Monro, Inc.

     208        17,996  

Murphy USA, Inc.*

     133        11,387  

National Vision Holdings, Inc.*

     361        11,346  

O’Reilly Automotive, Inc.*

     419        162,698  

Office Depot, Inc.

     1,320        4,792  

RH*

     154        15,854  

Ross Stores, Inc.

     1,068        99,431  

Sally Beauty Holdings, Inc.*

     879        16,182  

Shoe Carnival, Inc.(a)

     225        7,657  

Sonic Automotive, Inc. Class A

     1,458        21,593  

Sportsman’s Warehouse Holdings, Inc.*

     697        3,346  

Tailored Brands, Inc.

     1,510        11,838  

Tiffany & Co.

     164        17,310  

Tile Shop Holdings, Inc.

     858        4,856  

Tilly’s, Inc. Class A

     545        6,066  

TJX Cos., Inc. (The)

     4,369        232,474  

Tractor Supply Co.

     693        67,748  

Ulta Salon Cosmetics & Fragrance, Inc.*

     141        49,171  

Williams-Sonoma, Inc.

     270        15,193  

Winmark Corp.

     62        11,693  

Zumiez, Inc.*

     743        18,493  
     

 

 

 
Total Specialty Retail

 

     2,941,061  
Technology Hardware, Storage & Peripherals – 5.1%

 

Apple, Inc.

     27,030        5,134,348  

Electronics For Imaging, Inc.*

     535      14,392  

HP, Inc.

     14,361        279,034  

NetApp, Inc.

     752        52,144  

Western Digital Corp.

     4,874        234,244  

Xerox Corp.

     345        11,033  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     5,725,195  
Textiles, Apparel & Luxury Goods – 0.6%

 

Columbia Sportswear Co.

     545        56,778  

Crocs, Inc.*

     126        3,245  

Culp, Inc.

     153        2,942  

Deckers Outdoor Corp.*

     274        40,275  

G-III Apparel Group Ltd.*

     883        35,285  

Movado Group, Inc.

     93        3,383  

NIKE, Inc. Class B

     4,477        377,008  

PVH Corp.

     205        25,000  

Ralph Lauren Corp.

     56        7,262  

Tapestry, Inc.

     969        31,483  

Unifi, Inc.*

     562        10,875  

Vera Bradley, Inc.*

     510        6,757  

VF Corp.

     837        72,744  

Vince Holding Corp.*

     292        3,621  

Wolverine World Wide, Inc.

     195        6,967  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     683,625  
Thrifts & Mortgage Finance – 0.3%

 

Axos Financial, Inc.*

     900        26,064  

Capitol Federal Financial, Inc.

     2,134        28,489  

First Defiance Financial Corp.

     127        3,650  

LendingTree, Inc.*(a)

     63        22,148  

Luther Burbank Corp.

     506        5,111  

MGIC Investment Corp.*

     8,175        107,828  

NMI Holdings, Inc. Class A*

     533        13,789  

OP Bancorp

     354        3,097  

PennyMac Financial Services, Inc.

     644        14,323  

Provident Financial Services, Inc.

     1,368        35,418  

Radian Group, Inc.

     982        20,367  

Sterling Bancorp, Inc.

     2,365        23,981  

TFS Financial Corp.

     952        15,679  

TrustCo Bank Corp.

     1,519        11,787  

United Financial Bancorp, Inc.

     335        4,807  

Walker & Dunlop, Inc.

     205        10,437  

WSFS Financial Corp.

     119        4,593  
     

 

 

 
Total Thrifts & Mortgage Finance

 

     351,568  
Tobacco – 1.1%

 

Altria Group, Inc.

     9,494        545,240  

Philip Morris International, Inc.

     8,055        711,982  

Universal Corp.

     115        6,628  

Vector Group Ltd.

     1,784        19,249  
     

 

 

 
Total Tobacco

 

     1,283,099  
Trading Companies & Distributors – 0.5%

 

Applied Industrial Technologies, Inc.

     156        9,277  

Beacon Roofing Supply, Inc.*

     903        29,041  

BMC Stock Holdings, Inc.*

     1,687        29,809  

 

See Notes to Financial Statements.

 

WisdomTree Trust      107  


Table of Contents

Schedule of Investments (concluded)

WisdomTree U.S. Total Market Fund (EXT)

March 31, 2019

 

 

 

Investments    Shares      Value  

CAI International, Inc.*

     652      $ 15,126  

DXP Enterprises, Inc.*

     91        3,542  

Fastenal Co.

     1,403        90,227  

GATX Corp.

     220        16,801  

H&E Equipment Services, Inc.

     890        22,348  

HD Supply Holdings, Inc.*

     1,172        50,806  

Herc Holdings, Inc.*

     651        25,376  

Kaman Corp.

     64        3,740  

MRC Global, Inc.*

     722        12,621  

NOW, Inc.*

     495        6,910  

SiteOne Landscape Supply, Inc.*

     218        12,459  

Systemax, Inc.

     96        2,173  

Titan Machinery, Inc.*

     205        3,190  

United Rentals, Inc.*

     265        30,276  

Univar, Inc.*

     2,031        45,011  

Veritiv Corp.*

     121        3,185  

W.W. Grainger, Inc.

     290        87,270  

Watsco, Inc.

     17        2,435  

WESCO International, Inc.*

     1,162        61,598  
     

 

 

 
Total Trading Companies & Distributors

 

     563,221  
Water Utilities – 0.1%

 

American Water Works Co., Inc.

     598        62,348  

Aqua America, Inc.

     505        18,402  
     

 

 

 
Total Water Utilities

 

     80,750  
Wireless Telecommunication Services – 0.2%

 

Spok Holdings, Inc.

     227        3,092  

Sprint Corp.*

     5,460        30,849  

T-Mobile U.S., Inc.*

     2,719        187,883  

Telephone & Data Systems, Inc.

     418        12,845  

United States Cellular Corp.*

     258        11,845  
     

 

 

 
Total Wireless Telecommunication Services

 

     246,514  
Total United States

 

     112,720,024  
Puerto Rico – 0.0%      
Banks – 0.0%      

First BanCorp

     1,486        17,030  
IT Services – 0.0%      

EVERTEC, Inc.

     645        17,937  
Total Puerto Rico               34,967  
TOTAL COMMON STOCKS
(Cost: $95,927,066)
              112,754,991  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%

 

United States – 0.2%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(b)

     
(Cost: $203,221)(c)      203,221        203,221  

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $96,130,287)

        112,958,212  

Other Assets less Liabilities – 0.1%

        66,864  
     

 

 

 
NET ASSETS – 100.0%

 

   $ 113,025,076  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(c) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $416,084 and the total market value of the collateral held by the Fund was $437,813. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $234,592.

 

See Notes to Financial Statements.

 

108   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2019

 

 

 

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

ASSETS:

              

Investments, at cost

   $ 724,147,126      $ 907,375,930      $ 1,674,467,981      $ 205,621,663      $ 3,388,479,471  

Investment in affiliates, at cost (Note 3)

     5,231,495        6,382,419        6,939,614        482,330        17,242,594  

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

     783,986,086        947,356,964        2,024,802,427        239,214,838        3,774,636,623  

Investment in affiliates, at value (Note 3)

     5,457,727        6,952,088        7,208,819        535,191        18,835,332  

Cash

     90,852        20,357        1,322,642        10,708        41,466  

Receivables:

              

Investment securities sold

            118,301                       

Capital shares sold

            3,613,403                       

Dividends

     1,788,407        2,069,126        2,678,069        199,991        7,566,877  

Securities lending income

            2,154        4,842        261        9,881  

Total Assets

     791,323,072        960,132,393        2,036,016,799        239,960,989        3,801,090,179  

LIABILITIES:

              

Payables:

              

Cash collateral received for securities loaned (Note 2)

            2,952,420        561,537        56,980        66,221,701  

Investment securities purchased

            3,607,612                       

Advisory fees (Note 3)

     251,275        293,241        482,310        51,972        1,172,151  

Service fees (Note 2)

     2,929        3,422        7,603        883        13,640  

Total Liabilities

     254,204        6,856,695        1,051,450        109,835        67,407,492  

NET ASSETS

   $ 791,068,868      $ 953,275,698      $ 2,034,965,349      $ 239,851,154      $ 3,733,682,687  

NET ASSETS:

              

Paid-in capital

   $ 772,034,748      $ 946,244,272      $ 1,721,988,007      $ 211,232,490      $ 3,468,305,602  

Total distributable earnings (loss)

     19,034,120        7,031,426        312,977,342        28,618,664        265,377,085  

NET ASSETS

   $ 791,068,868      $ 953,275,698      $ 2,034,965,349      $ 239,851,154      $ 3,733,682,687  

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

     9,250,000        13,150,000        21,600,000        7,550,000        104,400,000  

Net asset value per share

   $ 85.52      $ 72.49      $ 94.21      $ 31.77      $ 35.76  

1 Includes market value of securities out on loan of:

          $ 3,014,863      $ 2,231,329      $ 152,284      $ 69,153,640  

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

  

 

See Notes to Financial Statements.

 

WisdomTree Trust      109  


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Trust

March 31, 2019

 

 

 

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

ASSETS:

              

Investments, at cost

   $ 950,183,888      $ 113,006,322      $ 2,372,390,940      $ 34,983,743      $ 2,088,628,765  

Investment in affiliates, at cost (Note 3)

     3,800,559                             18,023,392  

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

     1,095,456,110        115,590,042        2,774,767,669        38,072,742        2,116,242,275  

Investment in affiliates, at value (Note 3)

     3,984,501                             18,990,782  

Cash

     8,939        9,498        4,030,648        8,301        834,985  

Receivables:

              

Dividends

     1,078,730        120,253        2,218,680        44,287        4,689,271  

Securities lending income

     4,614        385        1,241        14        89,458  

Total Assets

     1,100,532,894        115,720,178        2,781,018,238        38,125,344        2,140,846,771  

LIABILITIES:

              

Payables:

              

Cash collateral received for securities loaned (Note 2)

     1,864,173                             52,465,765  

Investment securities purchased

            1,215,899                       

Advisory fees (Note 3)

     353,184        23,258        646,700        12,274        668,165  

Service fees (Note 2)

     4,101        366        10,162        143        7,802  

Total Liabilities

     2,221,458        1,239,523        656,862        12,417        53,141,732  

NET ASSETS

   $ 1,098,311,436      $ 114,480,655      $ 2,780,361,376      $ 38,112,927      $ 2,087,705,039  

NET ASSETS:

              

Paid-in capital

   $ 1,066,333,842      $ 123,529,665      $ 2,469,476,042      $ 37,603,181      $ 2,173,795,294  

Total distributable earnings (loss)

     31,977,594        (9,049,010      310,885,334        509,746        (86,090,255

NET ASSETS

   $ 1,098,311,436      $ 114,480,655      $ 2,780,361,376      $ 38,112,927      $ 2,087,705,039  

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

     27,950,000        3,950,000        64,600,000        450,000        75,800,000  

Net asset value per share

   $ 39.30      $ 28.98      $ 43.04      $ 84.70      $ 27.54  

1 Includes market value of securities out on loan of:

   $ 16,770,856             $ 3,679,773             $ 99,316,811  

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

  

 

See Notes to Financial Statements.

 

110   WisdomTree Trust


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Trust

March 31, 2019

 

 

 

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

ASSETS:

           

Investments, at cost

   $ 684,947,644      $ 111,889,929      $ 509,648,338      $ 96,130,287  

Investment in affiliates, at cost (Note 3)

     1,436,142               1,289,374         

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

     753,465,995        120,249,755        647,738,997        112,958,212  

Investment in affiliates, at value (Note 3)

     1,433,943               1,355,082         

Cash

     24,121        22,091        24,677        222,808  

Receivables:

           

Investment securities sold3

     1,619,737                       

Capital shares sold

                          11,302,505  

Dividends

     681,622        121,662        966,056        88,375  

Securities lending income

     40,924        554        1,239        283  

Total Assets

     757,266,342        120,394,062        650,086,051        124,572,183  

LIABILITIES:

           

Payables:

           

Cash collateral received for securities loaned (Note 2)

     19,556,200        655,204        1,829,310        203,221  

Investment securities purchased

     1,373,400                      11,319,539  

Advisory fees (Note 3)

     236,181        39,087        151,248        23,970  

Service fees (Note 2)

     2,740        452        2,384        377  

Total Liabilities

     21,168,521        694,743        1,982,942        11,547,107  

NET ASSETS

   $ 736,097,821      $ 119,699,319      $ 648,103,109      $ 113,025,076  

NET ASSETS:

           

Paid-in capital

   $ 741,380,409      $ 131,279,865      $ 523,925,494      $ 100,787,673  

Total distributable earnings (loss)

     (5,282,588      (11,580,546      124,177,615        12,237,403  

NET ASSETS

   $ 736,097,821      $ 119,699,319      $ 648,103,109      $ 113,025,076  

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

     20,400,000        3,450,000        6,850,000        3,500,000  

Net asset value per share

   $ 36.08      $ 34.70      $ 94.61      $ 32.29  

1 Includes market value of securities out on loan of:

   $ 30,079,170      $ 805,812      $ 2,277,248      $ 416,084  

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

  

3 Includes market value of securities out on loan, which were sold and pending settlement, of:

   $ 33,493                       

 

See Notes to Financial Statements.

 

WisdomTree Trust      111  


Table of Contents

Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2019

 

 

 

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

INVESTMENT INCOME:

              

Dividends1

   $ 30,596,071      $ 35,562,874      $ 59,260,238      $ 4,663,550      $ 88,067,270  

Dividends from affiliates (Note 3)

     83,326        121,537        156,080        33,947        300,036  

Non-cash dividends

     820,606        1,599,684        1,024,956               1,373,312  

Securities lending income (Note 2)

     21,494        58,237        50,239        4,677        608,016  

Total investment income

     31,521,497        37,342,332        60,491,513        4,702,174        90,348,634  

EXPENSES:

              

Advisory fees (Note 3)

     3,032,755        3,608,729        5,514,528        588,799        12,602,713  

Service fees (Note 2)

     35,116        41,785        86,657        9,314        145,927  

Total expenses

     3,067,871        3,650,514        5,601,185        598,113        12,748,640  

Expense waivers (Note 3)

     (5,915      (10,351      (6,895      (1,118      (27,393

Net expenses

     3,061,956        3,640,163        5,594,290        596,995        12,721,247  

Net investment income

     28,459,541        33,702,169        54,897,223        4,105,179        77,627,387  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (37,968,205      (32,105,853      (34,231,732      (5,074,624      (93,515,427

Investment transactions in affiliates (Note 3)

     (30,518      10,817        (574,350      (9,351      1,019,836  

In-kind redemptions

     28,735,083        50,156,892        86,947,042        12,909,935        92,191,616  

Net realized gain (loss)

     (9,263,640      18,061,856        52,140,960        7,825,960        (303,975

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     17,425,122        40,169,006        77,790,304        1,098,654        147,285,061  

Investment transactions in affiliates (Note 3)

     208,868        490,903        269,205        53,394        1,676,878  

Net increase in unrealized appreciation/depreciation

     17,633,990        40,659,909        78,059,509        1,152,048        148,961,939  

Net realized and unrealized gain on investments

     8,370,350        58,721,765        130,200,469        8,978,008        148,657,964  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 36,829,891      $ 92,423,934      $ 185,097,692      $ 13,083,187      $ 226,285,351  

1 Net of foreign withholding tax of:

                               $ 1,506  

 

See Notes to Financial Statements.

 

112   WisdomTree Trust


Table of Contents

Statements of Operations (continued)

WisdomTree Trust

For the Year Ended March 31, 2019

 

 

 

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

INVESTMENT INCOME:

              

Dividends1

   $ 18,144,628      $ 1,115,950      $ 61,338,713      $ 813,820      $ 58,937,855  

Dividends from affiliates (Note 3)

     79,588        1,325                      281,329  

Non-cash dividends

     223,336                             6,936,558  

Securities lending income (Note 2)

     466,686        7,150        53,997        2,616        1,970,767  

Total investment income

     18,914,238        1,124,425        61,392,710        816,436        68,126,509  

EXPENSES:

              

Advisory fees (Note 3)

     4,179,065        162,383        6,579,577        146,999        7,869,001  

Service fees (Note 2)

     48,389        2,552        103,393        1,702        91,115  

Total expenses

     4,227,454        164,935        6,682,970        148,701        7,960,116  

Expense waivers (Note 3)

     (6,643      (72                    (31,345

Net expenses

     4,220,811        164,863        6,682,970        148,701        7,928,771  

Net investment income

     14,693,427        959,562        54,709,740        667,735        60,197,738  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (88,817,242      (11,643,534      (87,803,790      (2,594,268      (46,132,123

Investment transactions in affiliates (Note 3)

     43,326        1,052                      (149,116

In-kind redemptions

     43,346,512        216,054        34,935,782        2,133,252        20,481,857  

Net realized loss

     (45,427,404      (11,426,428      (52,868,008      (461,016      (25,799,382

Net increase (decrease) in unrealized appreciation/depreciation:

              

Investment transactions

     55,323,211        2,506,832        211,580,499        2,272,056        19,107,219  

Investment transactions in affiliates (Note 3)

     147,030                             885,374  

Net increase in unrealized appreciation/depreciation

     55,470,241        2,506,832        211,580,499        2,272,056        19,992,593  

Net realized and unrealized gain (loss) on investments

     10,042,837        (8,919,596      158,712,491        1,811,040        (5,806,789

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 24,736,264      $ (7,960,034    $ 213,422,231      $ 2,478,775      $ 54,390,949  

1 Net of foreign withholding tax of:

   $ 5,523                           $ 284  

 

See Notes to Financial Statements.

 

WisdomTree Trust      113  


Table of Contents

Statements of Operations (concluded)

WisdomTree Trust

For the Year Ended March 31, 2019

 

 

 

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

INVESTMENT INCOME:

           

Dividends1

   $ 11,986,811      $ 3,065,769      $ 18,011,094      $ 1,705,157  

Dividends from affiliates (Note 3)

     22,164               34,694         

Non-cash dividends

     978,410        61,639        485,567        6,587  

Securities lending income (Note 2)

     617,286        55,779        29,374        5,510  

Total investment income

     13,604,671        3,183,187        18,560,729        1,717,254  

EXPENSES:

           

Advisory fees (Note 3)

     2,658,288        423,622        1,694,647        220,942  

Service fees (Note 2)

     30,780        4,905        26,630        3,472  

Total expenses

     2,689,068        428,527        1,721,277        224,414  

Expense waivers (Note 3)

     (1,520             (1,979       

Net expenses

     2,687,548        428,527        1,719,298        224,414  

Net investment income

     10,917,123        2,754,660        16,841,431        1,492,840  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

           

Net realized gain (loss) from:

           

Investment transactions

     (48,830,073      (11,507,384      (12,203,522      (4,548,850

Investment transactions in affiliates (Note 3)

     (146,831             (114,228       

In-kind redemptions

     28,071,418        4,514,280        18,710,771        3,516,148  

Net realized gain (loss)

     (20,905,486      (6,993,104      6,393,021        (1,032,702

Net increase (decrease) in unrealized appreciation/depreciation:

           

Investment transactions

     17,707,810        7,710,228        29,177,598        4,233,368  

Investment transactions in affiliates (Note 3)

     (75,744             64,955         

Net increase in unrealized appreciation/depreciation

     17,632,066        7,710,228        29,242,553        4,233,368  

Net realized and unrealized gain (loss) on investments

     (3,273,420      717,124        35,635,574        3,200,666  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 7,643,703      $ 3,471,784      $ 52,477,005      $ 4,693,506  

1 Net of foreign withholding tax of:

   $ 2,323                    $ 43  

 

See Notes to Financial Statements.

 

114   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     WisdomTree
U.S. Dividend ex-Financials Fund
    WisdomTree
U.S. High Dividend Fund
    WisdomTree
U.S. LargeCap Dividend Fund
 
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 28,459,541     $ 28,114,605     $ 33,702,169     $ 38,363,082     $ 54,897,223     $ 50,203,846  

Net realized gain (loss) on investments

    (9,263,640     68,089,943       18,061,856       97,944,451       52,140,960       106,057,521  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    17,633,990       (45,889,978     40,659,909       (97,797,886     78,059,509       22,735,417  

Net increase in net assets resulting from operations

    36,829,891       50,314,570       92,423,934       38,509,647       185,097,692       178,996,784  

DISTRIBUTIONS TO SHAREHOLDERS1:

           

Distributable earnings

    (27,973,156     (28,141,027     (32,229,868     (38,366,808     (53,410,696     (49,979,017

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    97,756,088             166,962,552       107,537,497       234,835,743       65,734,319  

Cost of shares redeemed

    (126,053,661     (115,015,958     (309,176,101     (335,753,622     (265,109,065     (201,532,333

Net decrease in net assets resulting from capital share transactions

    (28,297,573     (115,015,958     (142,213,549     (228,216,125     (30,273,322     (135,798,014

Net Increase (Decrease) in Net Assets

    (19,440,838     (92,842,415     (82,019,483     (228,073,286     101,413,674       (6,780,247

NET ASSETS:

           

Beginning of year

  $ 810,509,706     $ 903,352,121     $ 1,035,295,181     $ 1,263,368,467     $ 1,933,551,675     $ 1,940,331,922  

End of year2

  $ 791,068,868     $ 810,509,706     $ 953,275,698     $ 1,035,295,181     $ 2,034,965,349     $ 1,933,551,675  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    9,600,000       10,950,000       15,200,000       18,450,000       21,850,000       23,400,000  

Shares created

    1,250,000             2,500,000       1,500,000       2,750,000       750,000  

Shares redeemed

    (1,600,000     (1,350,000     (4,550,000     (4,750,000     (3,000,000     (2,300,000

Shares outstanding, end of year

    9,250,000       9,600,000       13,150,000       15,200,000       21,600,000       21,850,000  

1 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed (distributions in excess of) net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributed(Distributions in excess of) net investment income included in the net assets

    $       $ (1,168     $ 224,829  

 

See Notes to Financial Statements.

 

WisdomTree Trust      115  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     WisdomTree
U.S. LargeCap Fund
    WisdomTree U.S.
MidCap Dividend Fund
    WisdomTree
U.S. MidCap Fund
 
     For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
    For the
Year Ended
March 31, 2019
    For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

  $ 4,105,179     $ 2,760,132     $ 77,627,387     $ 67,562,271     $ 14,693,427     $ 11,328,673  

Net realized gain (loss) on investments

    7,825,960       5,573,933       (303,975     151,602,232       (45,427,404     79,550,348  

Net increase (decrease) in unrealized appreciation/depreciation on investments

    1,152,048       8,714,316       148,961,939       (11,367,758     55,470,241       (2,203,034

Net increase in net assets resulting from operations

    13,083,187       17,048,381       226,285,351       207,796,745       24,736,264       88,675,987  

DISTRIBUTIONS TO SHAREHOLDERS2:

           

Distributable earnings

    (4,134,218     (2,586,608     (73,682,291     (66,312,628     (15,362,214     (10,100,147

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    84,643,974       41,622,216       840,413,736       517,345,920       223,804,927       265,962,766  

Cost of shares redeemed

    (38,554,537     (1,525,680     (323,811,148     (416,912,058     (170,031,971     (104,207,220

Payment by sub-advisor

                                  621  

Net increase in net assets resulting from capital share transactions

    46,089,437       40,096,536       516,602,588       100,433,862       53,772,956       161,756,167  

Net Increase in Net Assets

    55,038,406       54,558,309       669,205,648       241,917,979       63,147,006       240,332,007  

NET ASSETS:

           

Beginning of year

  $ 184,812,748     $ 130,254,439     $ 3,064,477,039     $ 2,822,559,060     $ 1,035,164,430     $ 794,832,423  

End of year3

  $ 239,851,154     $ 184,812,748     $ 3,733,682,687     $ 3,064,477,039     $ 1,098,311,436     $ 1,035,164,430  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    6,100,000       4,800,000 1      89,850,000       86,850,000 1      26,800,000       22,550,000  

Shares created

    2,800,000       1,350,000 1      24,500,000       15,200,000 1      6,000,000       6,900,000  

Shares redeemed

    (1,350,000     (50,000 )1      (9,950,000     (12,200,000 )1      (4,850,000     (2,650,000

Shares outstanding, end of year

    7,550,000       6,100,000 1      104,400,000       89,850,000 1      27,950,000       26,800,000  

1 Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017.

  

2 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

3 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributednet investment income included in the net assets

    $ 171,084       $ 1,247,018       $ 1,228,287  

 

See Notes to Financial Statements.

 

116   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

     

WisdomTree

U.S. Multifactor Fund

    

WisdomTree

U.S. Quality Dividend Growth Fund

    

WisdomTree

U.S. Quality Shareholder Yield Fund

 
      For the
Year Ended
March 31, 2019
     For the Period
June 29, 2017*
through
March 31, 2018
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

  

Net investment income

   $ 959,562      $ 41,000      $ 54,709,740      $ 34,389,062      $ 667,735      $ 669,721  

Net realized gain (loss) on investments

     (11,426,428      211,928        (52,868,008      135,463,606        (461,016      8,337,573  

Net increase (decrease) in unrealized appreciation/depreciation on investments

     2,506,832        76,888        211,580,499        59,521,255        2,272,056        (2,235,918

Net increase (decrease) in net assets resulting from operations

     (7,960,034      329,816        213,422,231        229,373,923        2,478,775        6,771,376  

DISTRIBUTIONS TO SHAREHOLDERS1:

                 

Distributable earnings

     (905,199      (35,735      (54,505,786      (34,344,320      (676,737      (642,537

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

     204,488,667        8,103,820        813,059,228        1,022,866,864        7,819,793         

Cost of shares redeemed

     (86,725,156      (2,815,624      (255,919,617      (444,009,619      (15,975,374      (21,380,227

Payment by sub-advisor

                          1,034                

Net increase (decrease) in net assets resulting from capital share transactions

     117,763,511        5,288,196        557,139,611        578,858,279        (8,155,581      (21,380,227

Net Increase (Decrease) in Net Assets

     108,898,278        5,582,277        716,056,056        773,887,882        (6,353,543      (15,251,388

NET ASSETS:

                 

Beginning of period

   $ 5,582,377      $ 100      $ 2,064,305,320      $ 1,290,417,438      $ 44,466,470      $ 59,717,858  

End of period2

   $ 114,480,655      $ 5,582,377      $ 2,780,361,376      $ 2,064,305,320      $ 38,112,927      $ 44,466,470  

SHARES CREATED AND REDEEMED:

                 

Shares outstanding, beginning of period

     200,000        4        51,200,000        36,400,000        550,000        850,000  

Shares created

     6,900,000        300,000        20,200,000        25,950,000        100,000         

Shares redeemed

     (3,150,000      (100,004      (6,800,000      (11,150,000      (200,000      (300,000

Shares outstanding, end of period

     3,950,000        200,000        64,600,000        51,200,000        450,000        550,000  

*   Commencement of operations.

                 

1 Amounts for the fiscal year or period ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year or period ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year or period ended March 31, 2018 were as follows:

  

Undistributednet investment income included in the net assets

      $ 5,315         $ 480,177         $ 27,184  

 

See Notes to Financial Statements.

 

WisdomTree Trust      117  


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

 

 

 

 

      WisdomTree
U.S. SmallCap Dividend Fund
     WisdomTree
U.S. SmallCap Fund
     WisdomTree
U.S. SmallCap Quality Dividend
Growth Fund
 
      For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

  

Net investment income

   $ 60,197,738      $ 58,231,812      $ 10,917,123      $ 5,688,283      $ 2,754,660      $ 2,294,545  

Net realized gain (loss) on investments

     (25,799,382      166,312,516        (20,905,486      45,082,430        (6,993,104      6,643,829  

Net increase (decrease) in unrealized appreciation/depreciation on investments

     19,992,593        (128,397,813      17,632,066        7,485,991        7,710,228        (2,756,291

Net increase in net assets resulting from operations

     54,390,949        96,146,515        7,643,703        58,256,704        3,471,784        6,182,083  

DISTRIBUTIONS TO SHAREHOLDERS2:

                 

Distributable earnings

     (57,474,162      (57,037,610      (10,921,376      (5,289,781      (2,704,131      (2,305,555

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

     224,869,870        319,890,735        235,765,480        114,044,143        53,170,662        38,327,495  

Cost of shares redeemed

     (99,358,936      (369,197,048      (85,389,190      (68,383,642      (35,299,166      (43,641,576

Payment by sub-advisor

            1,245               2,213                

Net increase (decrease) in net assets resulting from capital share transactions

     125,510,934        (49,305,068      150,376,290        45,662,714        17,871,496        (5,314,081

Net Increase (Decrease) in Net Assets

     122,427,721        (10,196,163      147,098,617        98,629,637        18,639,149        (1,437,553

NET ASSETS:

                 

Beginning of year

   $ 1,965,277,318      $ 1,975,473,481      $ 588,999,204      $ 490,369,567      $ 101,060,170      $ 102,497,723  

End of year3

   $ 2,087,705,039      $ 1,965,277,318      $ 736,097,821      $ 588,999,204      $ 119,699,319      $ 101,060,170  

SHARES CREATED AND REDEEMED:

                 

Shares outstanding, beginning of year

     71,650,000        73,500,000 1       16,500,000        15,250,000        2,950,000        3,100,000  

Shares created

     7,800,000        11,300,000 1       6,500,000        3,200,000        1,600,000        1,100,000  

Shares redeemed

     (3,650,000      (13,150,000 )1       (2,600,000      (1,950,000      (1,100,000      (1,250,000

Shares outstanding, end of year

     75,800,000        71,650,000 1       20,400,000        16,500,000        3,450,000        2,950,000  

1 Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017.

  

2 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

3 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributednet investment income included in the net assets

      $ 1,179,069         $ 377,733         $ 36,508  

 

See Notes to Financial Statements.

 

118   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

      WisdomTree
U.S. Total Dividend Fund
     WisdomTree
U.S. Total Market Fund
 
      For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
     For the
Year Ended
March 31, 2019
     For the
Year Ended
March 31, 2018
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

        

Net investment income

   $ 16,841,431      $ 15,428,675      $ 1,492,840      $ 1,170,571  

Net realized gain (loss) on investments

     6,393,021        39,340,204        (1,032,702      5,272,800  

Net increase (decrease) in unrealized appreciation/depreciation on investments

     29,242,553        (4,054,877      4,233,368        1,491,776  

Net increase in net assets resulting from operations

     52,477,005        50,714,002        4,693,506        7,935,147  

DISTRIBUTIONS TO SHAREHOLDERS2:

           

Distributable earnings

     (16,303,635      (15,363,975      (1,733,962      (1,103,114

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

     76,547,498        30,667,395        51,103,813        4,955,325  

Cost of shares redeemed

     (43,849,267      (58,290,258      (10,984,580      (4,595,880

Payment by sub-advisor

            662                

Net increase (decrease) in net assets resulting from capital share transactions

     32,698,231        (27,622,201      40,119,233        359,445  

Net Increase in Net Assets

     68,871,601        7,727,826        43,078,777        7,191,478  

NET ASSETS:

           

Beginning of year

   $ 579,231,508      $ 571,503,682      $ 69,946,299      $ 62,754,821  

End of year3

   $ 648,103,109      $ 579,231,508      $ 113,025,076      $ 69,946,299  

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

     6,500,000        6,800,000        2,250,000        2,250,000 1 

Shares created

     850,000        350,000        1,600,000        150,000 1 

Shares redeemed

     (500,000      (650,000      (350,000      (150,000 )1 

Shares outstanding, end of year

     6,850,000        6,500,000        3,500,000        2,250,000 1 

1 Shares were adjusted to reflect a 3:1 stock split effective November 10, 2017.

  

2 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

3 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributednet investment income included in the net assets

      $ 60,597         $ 66,563  

 

See Notes to Financial Statements.

 

WisdomTree Trust      119  


Table of Contents

Financial Highlights

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Dividend ex-Financials Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 84.43     $ 82.50     $ 75.41     $ 75.82     $ 70.27  

Investment operations:

 

Net investment income1

    3.06       2.73       2.52       2.46       2.47  

Net realized and unrealized gain (loss)

    1.05       1.96       7.31       (0.38     5.38  

Total from investment operations

    4.11       4.69       9.83       2.08       7.85  

Dividends and distributions to shareholders:

 

Net investment income

    (2.96     (2.76     (2.69     (2.49     (2.30

Capital gains

    (0.06                        

Return of capital

                (0.05            

Total dividends and distributions to shareholders

    (3.02     (2.76     (2.74     (2.49     (2.30

Net asset value, end of year

  $ 85.52     $ 84.43     $ 82.50     $ 75.41     $ 75.82  

TOTAL RETURN2

    4.99     5.71     13.27     2.96     11.27

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 791,069     $ 810,510     $ 903,352     $ 916,193     $ 1,250,987  

Ratios to average net assets3 of:

 

Expenses4

    0.38     0.38     0.38     0.38     0.39 %5 

Net investment income

    3.57     3.22     3.21     3.39     3.34

Portfolio turnover rate6

    32     34     33     32     32

 

           
WisdomTree U.S. High Dividend Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 68.11     $ 68.48     $ 63.29     $ 60.74     $ 56.57  

Investment operations:

 

Net investment income1

    2.49       2.21       2.10       2.10       1.95  

Net realized and unrealized gain (loss)

    4.28       (0.34     5.39       2.50       4.03  

Total from investment operations

    6.77       1.87       7.49       4.60       5.98  

Dividends to shareholders:

 

Net investment income

    (2.39     (2.24     (2.30     (2.05     (1.81

Net asset value, end of year

  $ 72.49     $ 68.11     $ 68.48     $ 63.29     $ 60.74  

TOTAL RETURN2

    10.15     2.69     12.02     7.88     10.64

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 953,276     $ 1,035,295     $ 1,263,368     $ 1,025,362     $ 1,059,849  

Ratios to average net assets3 of:

 

Expenses4

    0.38     0.38 %7      0.38 %7      0.38 %7      0.39 %8 

Net investment income

    3.55     3.17     3.17     3.53     3.25

Portfolio turnover rate6

    20     17     23     20     27
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%.

 

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 legal expenses. Without these legal expenses, the annualized expense ratio would have been unchanged.

 

8 

Included in the expense ratio are proxy and legal expenses. Without these proxy and legal expenses, the expense ratio would have been 0.38%.

 

See Notes to Financial Statements.

 

120   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree U.S. LargeCap Dividend Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 88.49     $ 82.92     $ 73.42     $ 73.27     $ 67.60  

Investment operations:

 

Net investment income1

    2.54       2.22       2.04       2.01       1.86  

Net realized and unrealized gain

    5.66       5.57       9.63       0.13       5.59  

Total from investment operations

    8.20       7.79       11.67       2.14       7.45  

Dividends to shareholders:

 

Net investment income

    (2.48     (2.22     (2.17     (1.99     (1.78

Net asset value, end of year

  $ 94.21     $ 88.49     $ 82.92     $ 73.42     $ 73.27  

TOTAL RETURN2

    9.44     9.44     16.13     3.04     11.08

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 2,034,965     $ 1,933,552     $ 1,940,332     $ 1,725,259     $ 2,106,618  

Ratios to average net assets3 of:

 

Expenses4

    0.28     0.28     0.28     0.28     0.29 %5 

Net investment income

    2.79     2.54     2.63     2.81     2.59

Portfolio turnover rate6

    11     10     11     11     12

 

           
WisdomTree U.S. LargeCap Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 30.30     $ 27.14     $ 23.22     $ 23.83     $ 21.80  

Investment operations:

 

Net investment income1

    0.60       0.53       0.48       0.49       0.45  

Net realized and unrealized gain (loss)

    1.46       3.11       3.95       (0.60     2.00  

Total from investment operations

    2.06       3.64       4.43       (0.11     2.45  

Dividends to shareholders:

 

Net investment income

    (0.59     (0.48     (0.51     (0.50     (0.42

Net asset value, end of year

  $ 31.77     $ 30.30     $ 27.14     $ 23.22     $ 23.83  

TOTAL RETURN2

    6.93     13.49     19.31     (0.45 )%      11.28

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 239,851     $ 184,813     $ 130,254     $ 118,412     $ 139,386  

Ratios to average net assets3 of:

 

Expenses

    0.28 %4      0.28 %4      0.28     0.28 %4      0.29 %4,5 

Net investment income

    1.94     1.80     1.94     2.11     1.93

Portfolio turnover rate6

    14     17     19     18     16
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 0.28%.

 

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 Trust      121  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree U.S. MidCap Dividend Fund    For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

   $ 34.11     $ 32.50     $ 28.69     $ 28.68     $ 25.66  

Investment operations:

 

Net investment income2

     0.82       0.76       0.78       0.71       0.72  

Net realized and unrealized gain

     1.61       1.59       3.89       0.08       2.95  

Total from investment operations

     2.43       2.35       4.67       0.79       3.67  

Dividends and distributions to shareholders:

 

Net investment income

     (0.78     (0.74     (0.86     (0.68     (0.65

Capital gains

                       (0.10      

Total dividends and distributions to shareholders

     (0.78     (0.74     (0.86     (0.78     (0.65

Net asset value, end of year

   $ 35.76     $ 34.11     $ 32.50     $ 28.69     $ 28.68  

TOTAL RETURN3

     7.21     7.30     16.52     2.98     14.46

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 3,733,683     $ 3,064,477     $ 2,822,559     $ 1,609,484     $ 1,595,896  

Ratios to average net assets4 of:

 

Expenses5

     0.38     0.38 %6      0.38 %6      0.38     0.39 %7 

Net investment income

     2.34     2.26     2.56     2.60     2.65

Portfolio turnover rate8

     27     27     33     32     30

 

           
WisdomTree U.S. MidCap Fund    For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

   $ 38.63     $ 35.25     $ 30.07     $ 32.14     $ 29.58  

Investment operations:

 

Net investment income2

     0.53       0.47       0.50       0.40       0.42  

Net realized and unrealized gain (loss)

     0.68       3.32       5.25       (2.10     2.52  

Total from investment operations

     1.21       3.79       5.75       (1.70     2.94  

Dividends and distributions to shareholders:

 

Net investment income

     (0.54     (0.41     (0.54     (0.37     (0.38

Return of capital

                 (0.03            

Total dividends and distributions to shareholders

     (0.54     (0.41     (0.57     (0.37     (0.38

Net asset value, end of year

   $ 39.30     $ 38.63     $ 35.25     $ 30.07     $ 32.14  

TOTAL RETURN3

     3.22     10.77 %10      19.31     (5.29 )%      9.99

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

   $ 1,098,311     $ 1,035,164     $ 794,832     $ 662,944     $ 737,532  

Ratios to average net assets4 of:

 

Expenses5

     0.38     0.38     0.38     0.38     0.39 %11 

Net investment income

     1.34     1.25     1.54     1.32     1.37

Portfolio turnover rate8

     36     45     42     40     36
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.

 

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.

 

122   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree U.S. Multifactor Fund    For the
Year Ended
March 31, 2019
     For the Period
June 29, 2017*
through
March 31, 2018
 

Net asset value, beginning of period

   $ 27.91      $ 24.75  

Investment operations:

     

Net investment income1

     0.47        0.34  

Net realized and unrealized gain

     0.97        3.09  

Total from investment operations

     1.44        3.43  

Dividends to shareholders:

     

Net investment income

     (0.37      (0.27

Net asset value, end of period

   $ 28.98      $ 27.91  

TOTAL RETURN2

     5.25      13.90

RATIOS/SUPPLEMENTAL DATA:

     

Net assets, end of period (000’s omitted)

   $ 114,481      $ 5,582  

Ratios to average net assets of:

     

Expenses

     0.28 %3,9       0.28 %4 

Net investment income

     1.65 %9       1.66 %4 

Portfolio turnover rate5

     179      143

 

           
WisdomTree U.S. Quality Dividend Growth Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 40.32     $ 35.45     $ 31.25     $ 31.23     $ 27.95  

Investment operations:

 

Net investment income1

    0.97       0.78       0.73       0.70       0.66  

Net realized and unrealized gain (loss)

    2.71       4.84       4.20       (0.02     3.21  

Total from investment operations

    3.68       5.62       4.93       0.68       3.87  

Dividends and distributions to shareholders:

 

Net investment income

    (0.93     (0.75     (0.73     (0.66     (0.59

Capital gains

    (0.03                       (0.00 )6 

Total dividends and distributions to shareholders

    (0.96     (0.75     (0.73     (0.66     (0.59

Net asset value, end of year

  $ 43.04     $ 40.32     $ 35.45     $ 31.25     $ 31.23  

TOTAL RETURN2

    9.25     15.95 %7      15.99     2.25     13.94

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 2,780,361     $ 2,064,305     $ 1,290,417     $ 595,351     $ 448,158  

Ratios to average net assets of:

 

Expenses

    0.28     0.28     0.28     0.28     0.29 %8 

Net investment income

    2.33     1.99     2.22     2.30     2.19

Portfolio turnover rate5

    29     29     29     32     35
*

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 U.S. Multifactor Fund, the total return would have been lower if certain expenses had not been waived (Notes 2 and 3).

 

3 

The expense ratio includes investment advisory fee waivers. Without these investment advisory fee waivers, 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 

Amount represents less than $0.005.

 

7 

Includes a reimbursement from the sub-advisor for an operational error. Excluding the reimbursement, total return would have been unchanged.

 

8 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.28%.

 

9 

The ratios to average net assets do not include net investment income (loss) or expenses of other funds in which the Fund invests.

 

See Notes to Financial Statements.

 

WisdomTree Trust      123  


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree U.S. Quality Shareholder Yield Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 80.85     $ 70.26     $ 62.76     $ 66.28     $ 58.57  

Investment operations:

 

Net investment income2

    1.43       1.14       0.92       1.06       0.88  

Net realized and unrealized gain (loss)

    3.89       10.59       7.55       (3.70     7.71  

Total from investment operations

    5.32       11.73       8.47       (2.64     8.59  

Dividends to shareholders:

 

Net investment income

    (1.47     (1.14     (0.97     (0.88     (0.88

Net asset value, end of year

  $ 84.70     $ 80.85     $ 70.26     $ 62.76     $ 66.28  

TOTAL RETURN3

    6.70     16.77     13.61     (4.00 )%      14.73

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 38,113     $ 44,466     $ 59,718     $ 138,062     $ 26,511  

Ratios to average net assets of:

 

Expenses

    0.38     0.38 %4,5      0.38 %4      0.38 %4,5      0.39 %4,5,6 

Net investment income

    1.73     1.48 %4      1.42 %4      1.68 %4      1.42 %4 

Portfolio turnover rate7

    54     82     106     85     63

 

           
WisdomTree U.S. SmallCap Dividend Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 27.43     $ 26.88     $ 22.91     $ 23.99     $ 22.78  

Investment operations:

 

Net investment income2

    0.82       0.81       0.70       0.69       0.66  

Net realized and unrealized gain (loss)

    0.08       0.53       4.09       (1.13     1.20  

Total from investment operations

    0.90       1.34       4.79       (0.44     1.86  

Dividends to shareholders:

 

Net investment income

    (0.79     (0.79     (0.82     (0.64     (0.65

Net asset value, end of year

  $ 27.54     $ 27.43     $ 26.88     $ 22.91     $ 23.99  

TOTAL RETURN3

    3.25     5.02 %9      21.21     (1.69 )%      8.33

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 2,087,705     $ 1,965,277     $ 1,975,473     $ 1,216,658     $ 1,248,932  

Ratios to average net assets4 of:

 

Expenses5

    0.38     0.38     0.38     0.38     0.39 %6 

Net investment income

    2.91     2.93     2.75     3.10     2.86

Portfolio turnover rate7

    26     36     44     33     33
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 for the WisdomTree U.S. SmallCap Dividend Fund, 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.

 

See Notes to Financial Statements.

 

124   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree U.S. SmallCap Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 35.70     $ 32.16     $ 25.69     $ 28.14     $ 27.13  

Investment operations:

 

Net investment income2

    0.58       0.37       0.31       0.34       0.33  

Net realized and unrealized gain (loss)

    0.38       3.51       6.53       (2.48     0.99  

Total from investment operations

    0.96       3.88       6.84       (2.14     1.32  

Dividends to shareholders:

 

Net investment income

    (0.58     (0.34     (0.37     (0.31     (0.31

Net asset value, end of year

  $ 36.08     $ 35.70     $ 32.16     $ 25.69     $ 28.14  

TOTAL RETURN3

    2.72     12.09 %4      26.75     (7.60 )%      4.89

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 736,098     $ 588,999     $ 490,370     $ 369,965     $ 422,121  

Ratios to average net assets5 of:

 

Expenses6

    0.38     0.38     0.38     0.38     0.39 %7 

Net investment income

    1.56     1.08     1.06     1.31     1.24

Portfolio turnover rate8

    45     48     51     43     43

 

           
WisdomTree U.S. SmallCap Quality Dividend
Growth Fund
  For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 34.26     $ 33.06     $ 28.17     $ 30.12     $ 28.43  

Investment operations:

 

Net investment income2

    0.88       0.76       0.74       0.67       0.65  

Net realized and unrealized gain (loss)

    0.41       1.21       4.87       (2.02     1.69  

Total from investment operations

    1.29       1.97       5.61       (1.35     2.34  

Dividends and distributions to shareholders:

 

Net investment income

    (0.85     (0.77     (0.72     (0.60     (0.65

Capital gains

                            (0.00 )9 

Total dividends and distributions to shareholders

    (0.85     (0.77     (0.72     (0.60     (0.65

Net asset value, end of year

  $ 34.70     $ 34.26     $ 33.06     $ 28.17     $ 30.12  

TOTAL RETURN3

    3.81     5.97     20.12     (4.42 )%      8.37

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 119,699     $ 101,060     $ 102,498     $ 35,208     $ 22,594  

Ratios to average net assets of:

 

Expenses

    0.38     0.38     0.38     0.38     0.39 %7 

Net investment income

    2.47     2.24     2.35     2.43     2.30

Portfolio turnover rate8

    42     51     56     50     53
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. For the periods in which the investment advisor waived advisory fees for the WisdomTree U.S. SmallCap 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.

 

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.

 

See Notes to Financial Statements.

 

WisdomTree Trust      125  


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

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, 2019
    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
 

Net asset value, beginning of year

  $ 89.11     $ 84.04     $ 74.24     $ 74.25     $ 68.29  

Investment operations:

 

Net investment income1

    2.56       2.27       2.07       2.04       1.91  

Net realized and unrealized gain (loss)

    5.41       5.05       9.97       (0.03     5.86  

Total from investment operations

    7.97       7.32       12.04       2.01       7.77  

Dividends to shareholders:

 

Net investment income

    (2.47     (2.25     (2.24     (2.02     (1.81

Net asset value, end of year

  $ 94.61     $ 89.11     $ 84.04     $ 74.24     $ 74.25  

TOTAL RETURN2

    9.10     8.76 %3      16.47     2.84     11.47

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 648,103     $ 579,232     $ 571,504     $ 493,708     $ 582,862  

Ratios to average net assets4 of:

 

Expenses5

    0.28     0.28 %6      0.28 %6      0.28 %6      0.29 %7 

Net investment income

    2.78     2.56     2.63     2.83     2.64

Portfolio turnover rate8

    11     11     12     12     13

 

           
WisdomTree U.S. Total Market Fund   For the
Year Ended
March 31, 2019
    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
 

Net asset value, beginning of year

  $ 31.09     $ 27.89     $ 23.83     $ 24.65     $ 22.60  

Investment operations:

 

Net investment income1

    0.60       0.53       0.48       0.48       0.45  

Net realized and unrealized gain (loss)

    1.29       3.17       4.10       (0.78     2.01  

Total from investment operations

    1.89       3.70       4.58       (0.30     2.46  

Dividends and distributions to shareholders:

 

Net investment income

    (0.69     (0.50     (0.51     (0.52     (0.41

Return of capital

                (0.01            

Total dividends and distributions to shareholders

    (0.69     (0.50     (0.52     (0.52     (0.41

Net asset value, end of year

  $ 32.29     $ 31.09     $ 27.89     $ 23.83     $ 24.65  

TOTAL RETURN2

    6.34     13.31     19.39     (1.18 )%      10.93

RATIOS/SUPPLEMENTAL DATA:

 

Net assets, end of year (000’s omitted)

  $ 113,025     $ 69,946     $ 62,755     $ 57,204     $ 107,209  

Ratios to average net assets of:

 

Expenses

    0.28     0.28     0.28     0.28     0.29 %10 

Net investment income

    1.89     1.75     1.87     2.00     1.88

Portfolio turnover rate8

    22     22     19     12     16
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.

 

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.

 

126   WisdomTree Trust


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, 2019, the Trust consisted of 76 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’’)

     June 16, 2006  

WisdomTree U.S. High Dividend Fund (“U.S. High Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. LargeCap Dividend Fund (“U.S. LargeCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. LargeCap Fund (“U.S. LargeCap Fund’’) (formerly, WisdomTree U.S. Earnings 500 Fund)

     February 23, 2007  

WisdomTree U.S. MidCap Dividend Fund (“U.S. MidCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. MidCap Fund (“U.S. MidCap Fund’’) (formerly, WisdomTree U.S. 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’’)

     February 23, 2007  

WisdomTree U.S. SmallCap Dividend Fund (“U.S. SmallCap Dividend Fund’’)

     June 16, 2006  

WisdomTree U.S. SmallCap Fund (“U.S. SmallCap Fund’’) (formerly, WisdomTree U.S. 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’’)

     June 16, 2006  

WisdomTree U.S. Total Market Fund (“U.S. Total Market Fund’’) (formerly, WisdomTree U.S. 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”). The WisdomTree U.S. Quality Shareholder Yield Fund is actively managed using a rules-based model approach seeking income and capital appreciation. WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including

 

WisdomTree Trust      127  


Table of Contents

Notes to Financial Statements (continued)

 

preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last 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 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

 

128   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

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 following is a summary of the fair valuations according to the inputs used as of March 31, 2019 in valuing each Fund’s assets:

 

       
U.S. Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 783,986,086      $      $  

Exchange-Traded Funds

     5,457,727                

Total

   $ 789,443,813      $      $  
        
       
U.S. High Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 944,404,544      $      $  

Exchange-Traded Fund

     6,952,088                

Investment of Cash Collateral for Securities Loaned

            2,952,420         

Total

   $ 951,356,632      $ 2,952,420      $  
        
       
U.S. LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,024,240,890      $      $  

Exchange-Traded Fund

     7,208,819                

Investment of Cash Collateral for Securities Loaned

            561,537         

Total

   $ 2,031,449,709      $ 561,537      $  
        
       
U.S. LargeCap Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 239,157,858      $      $  

Exchange-Traded Fund

     535,191                

Investment of Cash Collateral for Securities Loaned

            56,980         

Total

   $ 239,693,049      $ 56,980      $  
        
       
U.S. MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 3,708,414,922      $      $  

Exchange-Traded Fund

     18,835,332                

Investment of Cash Collateral for Securities Loaned

            66,221,701         

Total

   $ 3,727,250,254      $ 66,221,701      $  
        
       
U.S. MidCap Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,093,591,937      $      $  

Exchange-Traded Fund

     3,984,501                

Investment of Cash Collateral for Securities Loaned

            1,864,173         

Total

   $ 1,097,576,438      $ 1,864,173      $  
        
       
U.S. Multifactor Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 115,590,042      $      $  

Total

   $ 115,590,042      $      $  

 

WisdomTree Trust      129  


Table of Contents

Notes to Financial Statements (continued)

 

       
U.S. Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,774,767,669      $      $  

Total

   $ 2,774,767,669      $      $  
        
       
U.S. Quality Shareholder Yield Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 38,072,742      $      $  

Total

   $ 38,072,742      $      $  
        
       
U.S. SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 2,063,730,452      $      $  

Exchange-Traded Fund

     18,990,782                

Rights

                   46,058 ** 

Investment of Cash Collateral for Securities Loaned

            52,465,765         

Total

   $ 2,082,721,234      $ 52,465,765      $ 46,058  
        
       
U.S. SmallCap Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 733,903,720                

Exchange-Traded Fund

     1,433,943                

Rights

                   6,075 ** 

Investment of Cash Collateral for Securities Loaned

            19,556,200         

Total

   $ 735,337,663      $ 19,556,200      $ 6,075  
        
       
U.S. SmallCap Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 119,594,551      $      $  

Investment of Cash Collateral for Securities Loaned

            655,204         

Total

   $ 119,594,551      $ 655,204      $  
        
       
U.S. Total Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 645,909,687      $      $  

Exchange-Traded Fund

     1,355,082                

Investment of Cash Collateral for Securities Loaned

            1,829,310         

Total

   $ 647,264,769      $ 1,829,310      $  
        
       
U.S. Total Market Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 112,754,991      $      $  

Investment of Cash Collateral for Securities Loaned

            203,221         

Total

   $ 112,754,991      $ 203,221      $  
  *

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.

During the fiscal year ended March 31, 2019, there were no significant transfers into or out of Level 3 of the fair value hierarchy.

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.

 

130   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

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 (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

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. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

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

 

WisdomTree Trust      131  


Table of Contents

Notes to Financial Statements (continued)

 

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, 2019, are presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2019, 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 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 Mellon Investments Corporation (“Mellon”) to provide sub-advisory services to the Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and

 

132   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

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. High Dividend Fund

     0.38

U.S. LargeCap Dividend Fund

     0.28

U.S. LargeCap Fund

     0.08 %* 

U.S. MidCap Dividend Fund

     0.38

U.S. MidCap Fund

     0.38

U.S. Multifactor Fund

     0.28

U.S. Quality Dividend Growth Fund

     0.28

U.S. Quality Shareholder Yield Fund

     0.38

U.S. SmallCap Dividend Fund

     0.38

U.S. SmallCap Fund

     0.38

U.S. SmallCap Quality Dividend Growth Fund

     0.38

U.S. Total Dividend Fund

     0.28

U.S. Total Market Fund

     0.28
  *

From April 1, 2018 through March 28, 2019 the advisory fee rate was 0.28%.

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, 2019 are as follows:

 

               
Fund   Value at
3/31/2018
    Purchases/
Additions
    Sales/
Reductions
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
Depreciation
    Value at
3/31/2019
    Dividend
Income
 

U.S. Dividend ex-Financials Fund

             

U.S. LargeCap Dividend Fund

  $ 911,447     $ 8,303,033     $ 6,581,655     $ (25,503   $ 120,630     $ 2,727,952     $ 47,856  

U.S. MidCap Dividend Fund

    916,770       8,302,140       6,572,358       (5,015     88,238       2,729,775       35,470  

Total

  $ 1,828,217     $ 16,605,173     $ 13,154,013     $ (30,518   $ 208,868     $ 5,457,727     $ 83,326  

U.S. High Dividend Fund

             

U.S. Total Dividend Fund

  $ 3,058,050     $ 14,891,459     $ 11,499,141     $ 10,817     $ 490,903     $ 6,952,088     $ 121,537  

U.S. LargeCap Dividend Fund

             

U.S. Total Dividend Fund

  $     $ 35,707,655     $ 28,193,691     $ (574,350   $ 269,205     $ 7,208,819     $ 156,080  

U.S. LargeCap Fund

             

U.S. High Dividend Fund

  $ 204,565     $ 3,331,854     $ 3,045,271     $ (9,351   $ 53,394     $ 535,191     $ 33,947  

U.S. MidCap Dividend Fund

             

U.S. LargeCap Dividend Fund

  $ 1,487,251     $ 63,381,222     $ 48,729,855     $ 1,019,836     $ 1,676,878     $ 18,835,332     $ 300,036  

U.S. MidCap Fund

             

U.S. MidCap Dividend Fund

  $ 2,110,629     $ 9,333,111     $ 7,649,595     $ 43,326     $ 147,030     $ 3,984,501     $ 79,588  

U.S. Multifactor Fund

             

U.S. Quality Dividend Growth Fund

  $     $ 333,034     $ 334,086     $ 1,052     $     $     $ 1,325  

U.S. SmallCap Dividend Fund

             

U.S. MidCap Dividend Fund

  $ 10,549,153     $ 39,860,860     $ 32,155,489     $ (149,116   $ 885,374     $ 18,990,782     $ 281,329  

U.S. SmallCap Fund

             

U.S. MidCap Fund

  $ 681,155     $ 12,476,916     $ 11,501,553     $ (146,831   $ (75,744   $ 1,433,943     $ 22,164  

U.S. Total Dividend Fund

             

U.S. Total Market Fund

  $ 11,117     $ 8,711,962     $ 7,318,724     $ (114,228   $ 64,955     $ 1,355,082     $ 34,694  

 

WisdomTree Trust      133  


Table of Contents

Notes to Financial Statements (continued)

 

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2019, 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 and
distributions
paid to WTAM
on Fund Shares
held by WTAM
 

U.S. Dividend ex-Financials Fund

     30      $ 2,565      $ 84  

U.S. High Dividend Fund

                   30  

U.S. LargeCap Dividend Fund

     50        4,711        281  

U.S. LargeCap Fund

     611        19,424        410  

U.S. MidCap Dividend Fund

     292        10,451        213  

U.S. MidCap Fund

     59        2,321        109  

U.S. Multifactor Fund

     1,556        45,100        412  

U.S. Quality Dividend Growth Fund

     1,086        46,763        690  

U.S. SmallCap Dividend Fund

     122        3,360        102  

U.S. SmallCap Fund

     433        15,636        177  

U.S. Total Dividend Fund

     78        7,381        193  

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2019, 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, 2019 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

   $ 258,177,886      $ 253,589,098      $ 97,136,768      $ 125,677,843  

U.S. High Dividend Fund

     203,281,866        192,654,734        165,941,476        312,113,905  

U.S. LargeCap Dividend Fund

     238,206,503        225,053,779        229,906,320        260,641,561  

U.S. LargeCap Fund

     33,028,899        30,986,389        83,022,302        37,039,262  

U.S. MidCap Dividend Fund

     932,121,415        902,616,838        825,250,838        314,920,492  

U.S. MidCap Fund

     397,443,605        392,958,560        217,924,001        163,252,494  

U.S. Multifactor Fund

     103,295,317        101,232,190        198,481,595        80,710,618  

U.S. Quality Dividend Growth Fund

     707,879,277        683,576,642        783,459,990        236,481,370  

U.S. Quality Shareholder Yield Fund

     21,251,899        20,841,095        7,787,243        15,949,451  

U.S. SmallCap Dividend Fund

     573,957,672        533,850,673        223,767,485        99,098,958  

U.S. SmallCap Fund

     322,058,112        316,672,228        235,130,051        84,002,337  

U.S. SmallCap Quality Dividend Growth Fund

     47,528,883        46,675,570        48,495,139        30,735,697  

U.S. Total Dividend Fund

     74,901,285        68,223,033        76,341,081        45,016,289  

U.S. Total Market Fund

     18,024,512        17,742,217        51,104,205        10,959,494  

 

134   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

6. FEDERAL INCOME TAXES

At March 31, 2019, 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
 

U.S. Dividend ex-Financials Fund

   $ 739,562,850      $ 90,097,557      $ (40,216,594    $ 49,880,963  

U.S. High Dividend Fund

     934,645,807        67,707,355        (48,044,110      19,663,245  

U.S. LargeCap Dividend Fund

     1,694,886,087        405,263,207        (68,138,048      337,125,159  

U.S. LargeCap Fund

     206,249,989        37,753,502        (4,253,462      33,500,040  

U.S. MidCap Dividend Fund

     3,440,880,848        457,341,901        (104,750,794      352,591,107  

U.S. MidCap Fund

     964,032,131        162,460,275        (27,051,795      135,408,480  

U.S. Multifactor Fund

     113,057,049        4,514,223        (1,981,230      2,532,993  

U.S. Quality Dividend Growth Fund

     2,399,288,197        414,209,086        (38,729,614      375,479,472  

U.S. Quality Shareholder Yield Fund

     35,278,077        3,757,339        (962,674      2,794,665  

U.S. SmallCap Dividend Fund

     2,127,843,177        215,754,669        (208,364,789      7,389,880  

U.S. SmallCap Fund

     693,033,905        95,190,207        (33,324,174      61,866,033  

U.S. SmallCap Quality Dividend Growth Fund

     114,041,274        10,601,095        (4,392,614      6,208,481  

U.S. Total Dividend Fund

     515,712,580        150,436,136        (17,054,637      133,381,499  

U.S. Total Market Fund

     96,214,446        18,129,782        (1,386,016      16,743,766  

At March 31, 2019, 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
     Total Accumulated
Earnings/(Losses)
 

U.S. Dividend ex-Financials Fund

   $ 1,046,899      $ (31,893,742    $ 49,880,963      $ 19,034,120  

U.S. High Dividend Fund

     1,472,301        (14,104,120      19,663,245        7,031,426  

U.S. LargeCap Dividend Fund

     1,711,356        (25,859,173      337,125,159        312,977,342  

U.S. LargeCap Fund

     144,485        (5,025,861      33,500,040        28,618,664  

U.S. MidCap Dividend Fund

     5,194,739        (92,408,761      352,591,107        265,377,085  

U.S. MidCap Fund

     559,743        (103,990,629      135,408,480        31,977,594  

U.S. Multifactor Fund

     59,678        (11,641,681      2,532,993        (9,049,010

U.S. Quality Dividend Growth Fund

     2,280,349        (66,874,487      375,479,472        310,885,334  

U.S. Quality Shareholder Yield Fund

     18,182        (2,303,101      2,794,665        509,746  

U.S. SmallCap Dividend Fund

     3,917,778        (97,397,913      7,389,880        (86,090,255

U.S. SmallCap Fund

     394,249        (67,542,870      61,866,033        (5,282,588

U.S. SmallCap Quality Dividend Growth Fund

     87,037        (17,876,064      6,208,481        (11,580,546

U.S. Total Dividend Fund

     602,496        (9,806,380      133,381,499        124,177,615  

U.S. Total Market Fund

            (4,506,363      16,743,766        12,237,403  

The tax character of distributions paid during the fiscal years or period ended March 31, 2019 and March 31, 2018, was as follows:

 

     
     Year Ended March 31, 2019      Year Ended March 31, 2018  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
     Distributions Paid
from Ordinary
Income*
 

U.S. Dividend ex-Financials Fund

   $ 27,412,642      $ 560,514      $ 28,141,027  

U.S. High Dividend Fund

     32,229,868               38,366,808  

U.S. LargeCap Dividend Fund

     53,410,696               49,979,017  

U.S. LargeCap Fund

     4,134,218               2,586,608  

U.S. MidCap Dividend Fund

     73,682,291               66,312,628  

U.S. MidCap Fund

     15,362,214               10,100,147  

U.S. Multifactor Fund

     905,199               35,735 1 

U.S. Quality Dividend Growth Fund

     52,909,568        1,596,218        34,344,320  

U.S. Quality Shareholder Yield Fund

     676,737               642,537  

 

WisdomTree Trust      135  


Table of Contents

Notes to Financial Statements (continued)

 

     
     Year Ended March 31, 2019      Year Ended March 31, 2018  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
     Distributions Paid
from Ordinary
Income*
 

U.S. SmallCap Dividend Fund

   $ 57,474,162      $      $ 57,037,610  

U.S. SmallCap Fund

     10,921,376               5,289,781  

U.S. SmallCap Quality Dividend Growth Fund

     2,704,131               2,305,555  

U.S. Total Dividend Fund

     16,303,635               15,363,975  

U.S. Total Market Fund

     1,733,962               1,103,114  
  *

Includes short-term capital gains if any.

  1

For the period June 29, 2017 (commencement of operations) through March 31, 2018.

At March 31, 2019, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term
Post-Effective
No Expiration
     Long-Term
Post-Effective
No Expiration
     Capital Loss
Available Total
 

U.S. Dividend ex-Financials Fund

   $      $      $  

U.S. High Dividend Fund

                    

U.S. LargeCap Dividend Fund

                    

U.S. LargeCap Fund

     1,535,490        3,490,371        5,025,861  

U.S. MidCap Dividend Fund

     42,409,311        49,999,450        92,408,761  

U.S. MidCap Fund

     43,253,568        60,737,061        103,990,629  

U.S. Multifactor Fund

     11,634,899        6,782        11,641,681  

U.S. Quality Dividend Growth Fund

                    

U.S. Quality Shareholder Yield Fund

     2,040,227        262,874        2,303,101  

U.S. SmallCap Dividend Fund

     41,185,709        56,212,204        97,397,913  

U.S. SmallCap Fund

     38,948,383        28,594,487        67,542,870  

U.S. SmallCap Quality Dividend Growth Fund

     8,868,615        9,007,449        17,876,064  

U.S. Total Dividend Fund

     2,690,876        7,115,504        9,806,380  

U.S. Total Market Fund

                    

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, 2019, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

     
Fund    Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital Losses
 

U.S. Dividend ex-Financials Fund

   $ 3,092,040      $ 28,801,702  

U.S. High Dividend Fund

     686,742        13,417,378  

U.S. LargeCap Dividend Fund

     4,590,058        21,269,115  

U.S. LargeCap Fund

             

U.S. MidCap Dividend Fund

             

U.S. MidCap Fund

             

U.S. Multifactor Fund

             

U.S. Quality Dividend Growth Fund

     34,996,877        31,877,610  

U.S. Quality Shareholder Yield Fund

             

U.S. SmallCap Dividend Fund

             

U.S. SmallCap Fund

             

U.S. SmallCap Quality Dividend Growth Fund

             

U.S. Total Dividend Fund

             

U.S. Total Market Fund

     1,845,157        2,661,206  

 

136   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2019, the amount of expired capital loss carryforwards and the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

     
Fund    Expired
Capital Loss
Carryforward
     Utilized
Capital Loss
Carryforward
 

U.S. Dividend ex-Financials Fund

   $      $ 1,318,159  

U.S. High Dividend Fund

     16,582,147        934,295  

U.S. LargeCap Dividend Fund

     19,363,746        3,774,331  

U.S. LargeCap Fund

     4,536,572         

U.S. MidCap Dividend Fund

             

U.S. MidCap Fund

     346,722         

U.S. Multifactor Fund

             

U.S. Quality Dividend Growth Fund

            1,331,675  

U.S. Quality Shareholder Yield Fund

     295,465         

U.S. SmallCap Dividend Fund

     6,604,794         

U.S. SmallCap Fund

     921,406         

U.S. SmallCap Quality Dividend Growth Fund

             

U.S. Total Dividend Fund

     5,967,514         

U.S. Total Market Fund

     935,380         

At March 31, 2019, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

     
Fund    Total Distributable
Earnings (Loss)
     Paid-in Capital  

U.S. Dividend ex-Financials Fund

   $ (27,581,803    $ 27,581,803  

U.S. High Dividend Fund

     (29,320,753      29,320,753  

U.S. LargeCap Dividend Fund

     (64,485,490      64,485,490  

U.S. LargeCap Fund

     (8,362,944      8,362,944  

U.S. MidCap Dividend Fund

     (90,017,112      90,017,112  

U.S. MidCap Fund

     (40,364,334      40,364,334  

U.S. Multifactor Fund

     (194,824      194,824  

U.S. Quality Dividend Growth Fund

     (34,005,015      34,005,015  

U.S. Quality Shareholder Yield Fund

     (1,831,977      1,831,977  

U.S. SmallCap Dividend Fund

     (12,227,641      12,227,641  

U.S. SmallCap Fund

     (26,402,313      26,402,313  

U.S. SmallCap Quality Dividend Growth Fund

     (4,179,289      4,179,289  

U.S. Total Dividend Fund

     (12,577,797      12,577,797  

U.S. Total Market Fund

     (2,395,280      2,395,280  

These differences are primarily due to redemptions-in-kind, distribution in excess of current earnings, expiration of capital loss carryforwards, investment in real estate investment trust 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 ended March 31, 2019, 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, 2019, remains subject to examination by taxing authorities.

 

WisdomTree Trust      137  


Table of Contents

Notes to Financial Statements (concluded)

 

7. RECENT ACCOUNTING PRONOUNCEMENTS

On August 17, 2018, the SEC voted to adopt “Disclosure Update and Simplification” amendments to certain of its disclosure requirements that have become redundant, duplicative, overlapping, outdated, or superseded, in light of other SEC disclosure requirements, GAAP, or changes in the information environment. The SEC will also be referring certain SEC disclosure requirements that overlap with, but require information incremental to, GAAP to the FASB for potential incorporation into GAAP. The amendments are intended to facilitate the disclosure of information to investors and simplify compliance without significantly altering the total mix of information provided to investors. These amendments became effective on November 5, 2018 (30 days after their publication in the Federal Register). WTAM has evaluated these amendments and determined that there is no significant impact on the Trust’s financial statements. All applicable amendments have been incorporated into the Trust’s financial statements and related disclosures. The specific amendments incorporated into the Trust’s financial statements pertain to (i) the amendment requiring the presentation of the distributable earnings in total on the Statements of Assets and Liabilities, rather than showing the 3 components of distributable earnings (i.e., (1) undistributed (distributions in excess of) net investment income, (2) accumulated net realized gain (loss) on investments and (3) net unrealized appreciation (depreciation) on investments, and (ii) the amendment requiring the presentation of distributions to shareholders in total on the Statements of Changes in Net Assets, except for tax return of capital distributions, which shall continue to be disclosed separately.

On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 includes removals, additions and modifications to the disclosure requirements for fair value measurements that are intended to improve the effectiveness of disclosures in the notes to financial statements. The amendments in ASU 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. WTAM has evaluated ASU 2018-13 and has adopted the disclosure framework for the Trust’s financial statements.

 

138   WisdomTree Trust


Table of Contents

Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree U.S. Dividend ex-Financials Fund, WisdomTree U.S. High Dividend Fund, WisdomTree U.S. LargeCap Dividend Fund, WisdomTree U.S. LargeCap Fund (formerly, WisdomTree U.S. Earnings 500 Fund), WisdomTree U.S. MidCap Dividend Fund, WisdomTree U.S. MidCap Fund (formerly, 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, WisdomTree U.S. SmallCap Fund (formerly, WisdomTree U.S. SmallCap Earnings Fund), WisdomTree U.S. SmallCap Quality Dividend Growth Fund, WisdomTree U.S. Total Dividend Fund and WisdomTree U.S. Total Market Fund (formerly, WisdomTree U.S. Total Earnings Fund) and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree U.S. Dividend ex-Financials Fund, WisdomTree U.S. High Dividend Fund, WisdomTree U.S. LargeCap Dividend Fund, WisdomTree U.S. LargeCap Fund (formerly, WisdomTree U.S. Earnings 500 Fund), WisdomTree U.S. MidCap Dividend Fund, WisdomTree U.S. MidCap Fund (formerly, 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, WisdomTree U.S. SmallCap Fund (formerly, WisdomTree U.S. SmallCap Earnings Fund), WisdomTree U.S. SmallCap Quality Dividend Growth Fund, WisdomTree U.S. Total Dividend Fund and WisdomTree U.S. Total Market Fund (formerly, WisdomTree U.S. Total Earnings Fund) (collectively referred to as the “Funds”), (fourteen of the funds constituting WisdomTree Trust (the “Trust”)) including the schedules of investments, as of March 31, 2019, and the related statements of operations, and changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds (fourteen of the funds constituting WisdomTree Trust) at March 31, 2019, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust    Statement of
operations
   Statements of changes
in net assets
   Financial highlights

WisdomTree U.S. Dividend ex-Financials Fund

WisdomTree U.S. High Dividend Fund

WisdomTree U.S. LargeCap Dividend Fund

WisdomTree U.S. LargeCap Fund

WisdomTree U.S. MidCap Dividend Fund

WisdomTree U.S. MidCap Fund

WisdomTree U.S. Quality Dividend Growth Fund

WisdomTree U.S. Quality Shareholder Yield Fund

WisdomTree U.S. SmallCap Dividend Fund

WisdomTree U.S. SmallCap Fund

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

WisdomTree U.S. Total Dividend Fund

WisdomTree U.S. Total Market Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the five years in the period ended March 31, 2019

WisdomTree U.S. Multifactor Fund

   For the year ended March 31, 2019    For the year ended March 31, 2019 and the period from June 29, 2017 (commencement of operations) through March 31, 2018

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities

 

WisdomTree Trust      139  


Table of Contents

Report of Independent Registered Public Accounting Firm (concluded)

 

owned as of March 31, 2019, 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 23, 2019

 

140   WisdomTree Trust


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).     76     Trustee, Vericimetry Funds (2011 to 2014).
Joel Goldberg#†
(1945)
  Trustee, 2012- present   Attorney, Partner, Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     76     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.     76     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.     76     Associate Alumnae of Douglass College, Chair 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.     76     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

*

As of March 31, 2019.

 

^

Chair of the Audit Committee.

 

#

Chair of the Contracts Review Committee.

 

Co-Chair of the Governance, Nominating and Compliance Committee.

 

Chair of the Investment Committee.

 

WisdomTree Trust      141  


Table of Contents

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.     76     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.     76     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.     76     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.     76     None

Joanne Antico**

(1975)

  Assistant Secretary, 2018-
present
  Assistant General Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     76     None
Clint Martin**
(1977)
  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012.     76     None

 

*

As of March 31, 2019.

 

**

Elected by and serves at the pleasure of the Board.

 

142   WisdomTree Trust


Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2019, 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 2020.

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, 2019, 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

   $ 27,412,552  

U.S. High Dividend Fund

     32,229,868  

U.S. LargeCap Dividend Fund

     53,410,696  

U.S. LargeCap Fund

     4,134,218  

U.S. MidCap Dividend Fund

     72,841,427  

U.S. MidCap Fund

     14,739,559  

U.S. Multifactor Fund

     905,199  

U.S. Quality Dividend Growth Fund

     52,909,568  

U.S. Quality Shareholder Yield Fund

     676,737  

U.S. SmallCap Dividend Fund

     56,226,053  

U.S. SmallCap Fund

     9,566,982  

U.S. SmallCap Quality Dividend Growth Fund

     2,611,466  

U.S. Total Dividend Fund

     16,303,635  

U.S. Total Market Fund

     1,630,987  

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2019, that qualify for the 70% dividends received deduction for corporate shareholders:

 

   
Fund    Dividends-Received
Deduction
 

U.S. Dividend ex-Financials Fund

     96.32

U.S. High Dividend Fund

     95.63

U.S. LargeCap Dividend Fund

     97.30

U.S. LargeCap Fund

     99.74

U.S. MidCap Dividend Fund

     93.77

U.S. MidCap Fund

     99.13

U.S. Multifactor Fund

     94.29

U.S. Quality Dividend Growth Fund

     96.74

U.S. Quality Shareholder Yield Fund

     99.84

U.S. SmallCap Dividend Fund

     93.13

U.S. SmallCap Fund

     87.73

U.S. SmallCap Quality Dividend Growth Fund

     93.63

U.S. Total Dividend Fund

     96.82

U.S. Total Market Fund

     99.78

 

WisdomTree Trust      143  


Table of Contents

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. Beginning in April 2019, the Funds will cease filing Form N-Q and will commence filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters will contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

144   WisdomTree Trust


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. 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.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2274


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

March 31, 2019

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

WisdomTree Germany Hedged Equity Fund (DXGE)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

WisdomTree Japan Hedged Equity Fund (DXJ)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

IMPORTANT NOTE: Beginning on January 1, 2021, as permitted by regulations adopted by the SEC, paper copies of the WisdomTree Funds’ annual and semi-annual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, annual and semi-annual shareholder reports will be available on the WisdomTree Funds’ website (www.wisdomtree.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from a Fund electronically anytime by contacting your financial intermediary (such as a broker dealer or bank).

You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to request to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds held in your account.


Table of Contents

Table of Contents

 

 

Market Environment Overview (unaudited)

       1  

Information about Performance and Shareholder Expense Examples (unaudited)

       2  

Management’s Discussion of Funds’ Performance (unaudited)

       3  

Description of Indexes (unaudited)

       9  
Schedules of Investments     

WisdomTree Europe Hedged Equity Fund

       11  

WisdomTree Europe Hedged SmallCap Equity Fund

       14  

WisdomTree Germany Hedged Equity Fund

       18  

WisdomTree International Hedged Quality Dividend Growth Fund

       21  

WisdomTree Japan Hedged Equity Fund

       29  

WisdomTree Japan Hedged SmallCap Equity Fund

       36  

Statements of Assets and Liabilities

       46  

Statements of Operations

       47  

Statements of Changes in Net Assets

       48  

Financial Highlights

       50  

Notes to Financial Statements

       53  

Report of Independent Registered Public Accounting Firm

       66  

Trustees and Officers Information (unaudited)

       67  

Supplemental Information (unaudited)

       69  

General Information (unaudited)

       70  

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


Table of Contents

Market Environment Overview

(unaudited)

 

International equity markets, as measure by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned -3.71% in the 12-month period ended March 31, 2019, which underperformed the S&P 500 Index by 13.21%. Measured in local currency, the MSCI EAFE Index returned +2.83% over the period, lagging the return of the S&P 500 Index by 6.67%. 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 appreciation (i.e. strengthened) 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 negative spot returns over the period against the U.S. dollar. Positive returns in local currency terms and negative performance in U.S. dollar terms was driven by broad strengthening of the U.S. dollar during the fiscal period. The U.S. dollar strengthened +8.73% vs. the Euro, +7.00% vs. the British pound, and +4.01% vs. the Japanese yen.

International equity markets experienced a market correction (in both local and U.S. dollar terms) in the fourth quarter of 2018, followed by a relief rally in the first quarter of 2019. Weak equity performance through the fourth quarter of 2018 in mainland Europe (“Eurozone”) was primarily driven by softening economic data, declining economic sentiment, and mounting fears of recession. The Eurozone saw three consecutive quarters of declining gross domestic product (“GDP”) growth in the last nine months of 2018. Importantly, major Eurozone economies, including Germany and France, were a significant drag on Eurozone growth during this time period. German and French GDP both grew 1.5% in 2018. This marked the slowest annual GDP growth rate for Germany since 2013. Meanwhile, export-oriented economies, including Germany, were negatively impacted by the U.S.-China trade dispute. German manufacturing activity exhibited signs of a slowdown, particularly in the automobile manufacturing sector, which led the nation’s Purchasing Managers’ Index to slip into contractionary territory in January 2019.

Political fragmentation and uncertainty also negatively impacted the Eurozone during this time period. The new populist governing body in Italy failed to defuse fears about the country’s budget deficit and slowing economic growth. Meanwhile, protests and demand for political reform in France provided evidence of political and economic divide. Most notably, a lack of resolution on the ultimate outcome and timing of the United Kingdom’s departure from the European Union (known as “BREXIT”) was a hindrance for the Eurozone during this time period. Following several months of negotiations with European Union counterparts, the draft BREXIT deal released by British Prime Minister Theresa May was met with substantial criticism from British Parliament and from within her own party. May’s exit deal was met with such resistance that she narrowly won a no confidence vote in her leadership from within her Conservative party. Multiple variations of a BREXIT resolution were ultimately rejected, including an exit plan negotiated with the European Union, a referendum to revoke BREXIT entirely, and an election to break away from the European Union without a deal altogether. During this time period of political uncertainty, the United Kingdom economy expanded 1.4%, marking the weakest economic growth for the nation in six years.

European equities rebounded alongside global equities, despite reductions in Eurozone economic growth forecasts and ongoing concerns about the political and financial strength of the European Union. During this time period the European Central Bank announced the end of its quantitative easing program. Measures taken by the European Central Bank to stimulate private sector bank lending and more positive news flow on the U.S.-China trade and economic growth helped fuel the rebound in European equities in the first quarter of 2019.

Japan experienced moderating economic growth during this time period, including a sharp decline in Q3 2018 GDP driven by natural disasters followed by a recovery in Q4 2018. Japanese export growth also declined over the period due to weak demand from China as well as the U.S.-China trade dispute. The ultra-accommodative monetary policy maintained by the Bank of Japan, including a near zero 10-year yield, did not spur price inflation during the period. Japanese equities recovered in Q1 2019 alongside global equities, driven by more constructive sentiment around global trade. Despite the equity rally in Q1 2019, Japan’s economic data continued to be negatively impacted by subdued global demand, as evidenced by a contraction in the nation’s manufacturing data and a steep decline in exports.

 

WisdomTree Trust      1  


Table of Contents

Information about Performance and Shareholder Expense Examples (unaudited)

Performance

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

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

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

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

Shareholder Expense Examples

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

The examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2018 to March 31, 2019. Except where noted, expenses are calculated using each Fund’s annualized expense ratio (after the effect of contractual or voluntary fee waivers, if any), multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). The annualized expense ratio does not include acquired fund fees and expenses (“AFFEs”), which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

Actual expenses

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

Hypothetical example for comparison purposes

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

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

 

2   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Staples

    22.1%  

Consumer Discretionary

    16.8%  

Industrials

    15.8%  

Financials

    11.4%  

Health Care

    10.2%  

Materials

    10.2%  

Information Technology

    6.8%  

Communication Services

    4.4%  

Energy

    1.5%  

Utilities

    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*

 

Description   % of Net Assets  

Anheuser-Busch InBev S.A./N.V.

    6.0%  

Sanofi

    5.5%  

Unilever N.V., CVA

    5.2%  

Banco Santander S.A.

    4.8%  

Telefonica S.A.

    3.9%  

LVMH Moet Hennessy Louis Vuitton SE

    3.7%  

Daimler AG, Registered Shares

    3.4%  

L’Oreal S.A.

    3.0%  

Banco Bilbao Vizcaya Argentaria S.A.

    2.8%  

Siemens AG, Registered Shares

    2.8%  
*

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

The WisdomTree Europe Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in European dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 4.33% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Consumer Discretionary contributed most positively to performance, while its position in Utilities contributed least positively to performance. The Fund’s country position in France contributed most positively to performance, while its position in the Spain contributed least positively to performance. The U.S. dollar rallied by 8.73% against the euro during the fiscal year which served as a strong tailwind for the Fund’s currency hedge methodology. 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 contributed positively to Fund performance as a result of the U.S. dollar strengthening against the euro during the fiscal year. Hedging the currency, in addition to interest rate differentials between the U.S. and Europe, throughout the fiscal year added approximately 12.84% of performance to the Fund. This helped to greatly offset the negative local equity returns of the Fund, resulting in a net total return during the fiscal year of 4.33%. The Fund underperformed during the broad market correction in the fourth quarter of 2018 which was catalyzed by trade war apprehensions, ongoing BREXIT negotiations, and economic slowdown in the region. In the first quarter of 2019, however, there has been a strong rebound as markets began to stabilize.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,009.00        0.58   $ 2.91  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       4.33      9.75      7.15      7.25

Fund Market Price Returns

       4.36      9.96      7.13      7.27

WisdomTree DEFA International Hedged Equity/Europe Hedged Equity Spliced Index2

       4.59      10.21      7.54      7.72

MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index3

       0.44      7.11      5.05      6.25
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 prior to August 29, 2012; WisdomTree Europe Hedged Equity Index thereafter.

 

3 

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

 

LOGO

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

 

WisdomTree Trust      3  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    21.5%  

Financials

    19.3%  

Communication Services

    11.0%  

Consumer Staples

    9.1%  

Utilities

    8.9%  

Consumer Discretionary

    6.6%  

Materials

    6.1%  

Real Estate

    5.7%  

Information Technology

    4.7%  

Health Care

    3.2%  

Energy

    2.4%  

Other Assets less Liabilities‡

    1.5%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

UnipolSai Assicurazioni SpA

    2.8%  

Casino Guichard Perrachon S.A.

    2.1%  

METRO AG

    1.8%  

Banca Mediolanum SpA

    1.7%  

Eutelsat Communications S.A.

    1.4%  

ASR Nederland N.V.

    1.3%  

FinecoBank Banca Fineco SpA

    1.3%  

Acciona S.A.

    1.2%  

Orion Oyj, Class B

    1.2%  

LEG Immobilien AG

    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 ‘‘Index’’). In seeking to track the Index, the Fund invests in European small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 0.54% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Financials contributed most positively to performance, while its position in Information Technology contributed least positively to performance. The U.S. dollar rallied by 8.73% against the euro during the fiscal year which served as a strong tailwind for the Fund’s currency hedge methodology. 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 contributed positively to Fund performance as a result of the U.S. dollar strengthening against the euro during the fiscal year. Hedging the currency, in addition to interest rate differentials between the U.S. and Europe, throughout the fiscal year added approximately 12.98% of performance to the Fund. This helped to greatly offset the negative local equity returns of the Fund, resulting in a net total return during the fiscal year of 0.54%. The Fund’s country position in Italy contributed most positively to performance, while its position in Belgium contributed least positively to performance. Additionally, small-cap companies faced additional pressures during the fiscal period when compared to their larger peers, particularly as the broad market correction was catalyzed by trade war apprehensions, ongoing BREXIT negotiations, and economic slowdown in the region. However, during the first quarter of 2019, there has been a strong rebound as markets began to stabilize.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 993.40        0.58   $ 2.88  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

   
      Average Annual Total Return  
      1 Year      3 Year      Since Inception1  

Fund NAV Returns

   0.54%        10.34      7.61

Fund Market Price Returns

   0.55%        10.40      7.37

WisdomTree Europe Hedged SmallCap Equity Index

   0.27%        10.38      7.65

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

   -4.77%        8.23      6.38
1 

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

 

LOGO

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

 

4   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Germany Hedged Equity Fund (DXGE)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    19.5%  

Financials

    18.4%  

Industrials

    17.2%  

Materials

    10.7%  

Communication Services

    8.9%  

Utilities

    7.4%  

Health Care

    6.7%  

Information Technology

    6.1%  

Consumer Staples

    3.5%  

Other Assets less Liabilities‡

    1.6%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Allianz SE, Registered Shares

    7.5%  

Deutsche Telekom AG, Registered Shares

    7.2%  

Daimler AG, Registered Shares

    5.8%  

Siemens AG, Registered Shares

    5.4%  

Bayerische Motoren Werke AG

    5.2%  

BASF SE

    5.0%  

SAP SE

    4.8%  

Muenchener Rueckversicherungs - Gesellschaft AG, Registered Shares

    4.4%  

Deutsche Post AG, Registered Shares

    3.8%  

Bayer AG, Registered Shares

    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 ‘‘Index’’). In seeking to track the Index, the Fund invests in German dividend-paying companies with an exporter tilt while at the same time hedging exposure to fluctuations of the value of the euro relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -5.07% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Health Care contributed most positively to performance, while its position in Consumer Discretionary contributed least positively to performance. The U.S. dollar rallied by 8.73% against the euro during the fiscal year which served as a strong tailwind for the Fund’s currency hedge methodology. 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 contributed positively to Fund performance as a result of the U.S. dollar strengthening against the euro during the fiscal year. Hedging the currency, in addition to interest rate differentials between the U.S. and Europe, throughout the fiscal year added approximately 12.97% of performance to the Fund. This helped to greatly offset the negative local equity returns of the Fund, resulting in a net total return during the fiscal year of -5.07%. Germany has faced increasing economic pressures of late. In addition to the general trade war apprehensions, ongoing BREXIT negotiations, and economic slowdown in the EU, the German economy has narrowly avoided falling into a recession during the fourth quarter of 2018. This came as a result of tightening global financial conditions, increases in U.S. policy rates, concentrations in manufacturing which have seen sluggish growth/data, and a downward shock in foreign trade. In the first quarter of 2019, however, there has been a strong rebound as markets began to stabilize.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 954.30        0.48   $ 2.34  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

Performance

 

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

Fund NAV Returns

       -5.07      7.08      5.38      6.39

Fund Market Price Returns

       -5.21      7.35      5.38      6.25

WisdomTree Germany Hedged Equity Index

       -5.12      7.23      5.51      6.55

MSCI Germany Local Currency Index

       -5.48      4.35      3.41      4.63
1 

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

 

LOGO

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

 

WisdomTree Trust      5  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

 

Sector Breakdown

 

Sector   % of Net Assets  

Industrials

    20.0%  

Consumer Discretionary

    18.2%  

Health Care

    18.1%  

Consumer Staples

    14.0%  

Information Technology

    10.3%  

Real Estate

    4.3%  

Materials

    4.2%  

Communication Services

    3.9%  

Financials

    3.9%  

Energy

    1.8%  

Other Assets less Liabilities‡

    1.3%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Novo Nordisk A/S, Class B

    7.4%  

Diageo PLC

    6.2%  

British American Tobacco PLC

    4.8%  

Industria de Diseno Textil S.A.

    3.5%  

China Overseas Land & Investment Ltd.

    3.1%  

Airbus SE

    3.1%  

Tokyo Electron Ltd.

    2.2%  

Safran S.A.

    1.9%  

CSL Ltd.

    1.8%  

Astellas Pharma, Inc.

    1.7%  
*

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

The WisdomTree International Hedged Quality Dividend Growth Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Hedged Quality Dividend Growth Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in dividend-paying companies with growth characteristics in the developed world, excluding U.S. and Canada, while at the same time hedging exposure to fluctuations of the value of the applicable foreign currencies relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned 4.78% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Financials contributed most positively to performance, while its position in Communication Services contributed least positively to performance. The Fund’s country position in Denmark contributed most positively to performance, while its position in the Switzerland contributed least positively to performance. The U.S. dollar rallied over the fiscal year which served as a strong tailwind for the Fund’s currency hedge methodology. 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 contributed positively to Fund performance as a result of the U.S. dollar strengthening against applicable international currencies during the fiscal year. Hedging the currency, in addition to interest rate differentials between the U.S. and the majority of the Fund’s country exposures, throughout the fiscal year added approximately 9.81% of performance to the Fund. This helped to greatly offset the negative local equity returns of the Fund, resulting in a net total return during the fiscal year of 4.78%. The Fund’s significant overweight to higher quality companies proved to be a source of outperformance when compared to companies with low quality (based on return on equity). Much of this quality outperformance came from the broad market correction in the fourth quarter of 2018 which was catalyzed by trade war apprehensions, ongoing BREXIT negotiations, and global economic slowdown. In the first quarter of 2019, however, there has been a strong rebound as markets began to stabilize.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 1,002.50        0.58   $ 2.90  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

   
        Average Annual Total Return  
        1 Year      3 Year      Since Inception1  

Fund NAV Returns

       4.78      8.97      7.64

Fund Market Price Returns

       4.61      9.16      7.51

WisdomTree International Hedged Quality Dividend Growth Index

       5.38      9.72      8.32

MSCI EAFE Local Currency Index

       2.83      8.53      6.05
1 

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

 

LOGO

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

 

6   WisdomTree Trust


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

 

Sector Breakdown

 

Sector   % of Net Assets  

Consumer Discretionary

    23.1%  

Industrials

    20.7%  

Financials

    12.4%  

Information Technology

    12.0%  

Materials

    9.9%  

Health Care

    9.3%  

Consumer Staples

    8.4%  

Communication Services

    2.8%  

Energy

    0.3%  

Utilities

    0.2%  

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*

 

Description   % of Net Assets  

Toyota Motor Corp.

    4.9%  

Japan Tobacco, Inc.

    3.6%  

Mitsubishi UFJ Financial Group, Inc.

    3.3%  

Sumitomo Mitsui Financial Group, Inc.

    3.1%  

Nissan Motor Co., Ltd.

    2.8%  

Canon, Inc.

    2.7%  

Mizuho Financial Group, Inc.

    2.5%  

Mitsubishi Corp.

    2.5%  

Honda Motor Co., Ltd.

    2.3%  

Takeda Pharmaceutical Co., Ltd.

    2.2%  
*

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

The WisdomTree Japan Hedged Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. The Fund seeks to provide Japanese equity returns while mitigating or ‘‘hedging’’ against fluctuations between the value of the Japanese yen and the U.S. dollar. In seeking to track the Index, the Fund invests in Japanese dividend-paying companies with an exporter tilt while at the same time hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -7.20% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Communication Services contributed most positively to performance, while its position in Real Estate contributed least positively to performance. The U.S. dollar rallied by 4.01% against the Japanese yen during the fiscal year which served as a tailwind for the Fund’s currency hedge methodology. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the U.S. dollar strengthening against the Japanese yen during the fiscal year. Hedging the currency, in addition to interest rate differentials between the U.S. and Japan, throughout the fiscal year added approximately 7.00% of performance to the Fund. This helped to greatly offset the negative local equity returns of the Fund, resulting in a net total return during the fiscal year of -7.20%. The Fund’s overweight to large-cap equities provided more protection than mid- or small-cap peers during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a U.S. Federal Reserve policy misstep sent global markets sharply downward. During the fiscal year, natural disasters in Japan also had an adverse effect on the Japanese equity market and overall economy.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 875.40        0.48   $ 2.24  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.54        0.48   $ 2.42  

 

Performance

 

 

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

Fund NAV Returns

       -7.20      7.33      6.17      8.15

Fund Market Price Returns

       -7.26      7.61      6.30      7.87

WisdomTree Japan Dividend/Japan Hedged Equity Spliced Index1

       -6.59      8.10      7.02      8.72

MSCI Japan/MSCI Japan Local Currency Spliced Index2

       -4.08      7.51      7.15      9.74
1 

WisdomTree Japan Dividend Index prior to April 1, 2010; WisdomTree Japan Hedged Equity Index thereafter.

 

2 

MSCI Japan Index prior to April 1, 2010; MSCI Japan Local Currency Index thereafter.

 

LOGO

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

 

WisdomTree Trust      7  


Table of Contents

Management’s Discussion of Funds’ Performance

as of March 31, 2019 (unaudited)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

Sector Breakdown

 

 
Sector   % of Net Assets  

Industrials

    25.3%  

Consumer Discretionary

    20.8%  

Materials

    12.9%  

Information Technology

    10.0%  

Financials

    8.8%  

Consumer Staples

    7.3%  

Health Care

    5.3%  

Communication Services

    4.0%  

Real Estate

    2.0%  

Utilities

    1.3%  

Energy

    1.3%  

Other Assets less Liabilities‡

    1.0%  

Total

    100.0%  

 

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

 

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

Top Ten Holdings*

 

Description   % of Net Assets  

Sankyo Co., Ltd.

    0.8%  

Matsui Securities Co., Ltd.

    0.7%  

DIC Corp.

    0.6%  

Mitsubishi Materials Corp.

    0.6%  

Yokohama Rubber Co., Ltd. (The)

    0.5%  

Nippon Paper Industries Co., Ltd.

    0.5%  

Canon Marketing Japan, Inc.

    0.5%  

Nippon Electric Glass Co., Ltd.

    0.5%  

Skylark Holdings Co., Ltd.

    0.5%  

Mixi, 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 Hedged SmallCap Equity Fund (the ‘‘Fund’’) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged SmallCap Equity Index (the ‘‘Index’’). In seeking to track the Index, the Fund invests in Japanese small-cap dividend-paying companies while at the same time hedging exposure to fluctuations of the value of the Japanese yen relative to the U.S. dollar. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of securities in the Index.

The Fund returned -8.77% at net asset value (“NAV”) for the fiscal year ending March 31, 2019 (for more complete performance information please see the table below). The Fund’s sector position in Communication Services contributed most positively to performance, while its position in Real Estate contributed least positively to performance. The U.S. dollar rallied by 4.01% against the Japanese yen during the fiscal year which served as a tailwind for the Fund’s currency hedge methodology. During the fiscal year, the Fund utilized forward foreign currency contracts to offset Japanese yen currency exposure from positions in Japanese equities. The Fund’s use of forward foreign currency contracts contributed positively to Fund performance as a result of the U.S. dollar strengthening against the Japanese yen during the fiscal year. Hedging the currency, in addition to interest rate differentials between the U.S. and Japan, throughout the fiscal year added approximately 7.00% of performance to the Fund. This helped to greatly offset the negative local equity returns of the Fund, resulting in a net total return during the fiscal year of -8.77%. The Fund’s overweight to large-cap equities provided more downside protection than mid- or small-cap peers during the fourth quarter of 2018, where a broad market correction catalyzed by trade war apprehension with China and fears of a U.S. Federal Reserve policy misstep sent global markets sharply downward. During the fiscal year, natural disasters in Japan have also had an adverse effect on the Japanese equity market and overall economy.

Shareholder Expense Example

 

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

Actual

   $ 1,000.00      $ 875.10        0.58   $ 2.71  

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.04        0.58   $ 2.92  

Performance

 

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

Fund NAV Returns

       -8.77      10.15      10.10      10.76

Fund Market Price Returns

       -8.64      10.46      10.21      10.67

WisdomTree Japan Hedged SmallCap Equity Index

       -8.24      10.87      10.89      11.68

MSCI Japan Small Cap Local Currency Index

       -8.27      8.32      9.90      10.85
1 

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

 

LOGO

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

 

8   WisdomTree Trust


Table of Contents

Description of Indexes (unaudited)

Below are descriptions of each Index referenced in this report:

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 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 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 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 Germany Hedged Equity Index is designed to provide exposure to

Germany equity markets while at the same time neutralizing exposure to fluctuations

of the Euro movements relative to the U.S. dollar. In this sense, the Index “hedges”

against fluctuations in the relative value of the Euro against the U.S. dollar.

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

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.

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.

 

WisdomTree Trust      9  


Table of Contents

Description of Indexes (unaudited) (concluded)

 

 

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.

 

10   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Austria – 0.5%      

Andritz AG

     224,324      $ 9,631,975  

Lenzing AG

     85,471        9,165,240  
     

 

 

 
Total Austria               18,797,215  
Belgium – 7.3%      

Anheuser-Busch InBev S.A./N.V.

     2,690,111        225,819,370  

Bekaert S.A.

     166,802        3,921,928  

Melexis N.V.(a)

     53,185        3,221,827  

Solvay S.A.

     207,438        22,448,997  

UCB S.A.

     204,687        17,595,997  
     

 

 

 
Total Belgium               273,008,119  
Finland – 4.8%      

Cargotec Oyj Class B

     60,455        2,230,599  

Huhtamaki Oyj(a)

     154,406        5,750,841  

Kemira Oyj

     539,089        6,670,583  

Kone Oyj Class B

     1,027,322        51,862,636  

Konecranes Oyj(a)

     162,734        5,790,582  

Metso Oyj

     321,918        11,082,535  

Nokia Oyj

     12,811,883        72,993,657  

Valmet Oyj(a)

     315,962        8,003,789  

Wartsila Oyj Abp

     960,028        15,506,560  
     

 

 

 
Total Finland               179,891,782  
France – 31.2%      

Air Liquide S.A.

     449,275        57,181,491  

Airbus SE

     700,353        92,715,532  

Arkema S.A.

     80,314        7,652,723  

BioMerieux

     33,515        2,773,502  

Bureau Veritas S.A.

     475,497        11,158,756  

Christian Dior SE

     107,144        51,094,225  

Cie Generale des Etablissements Michelin SCA

     252,592        29,893,853  

Danone S.A.

     882,285        68,049,370  

Dassault Systemes SE

     52,004        7,751,629  

Edenred

     327,429        14,915,707  

Eramet

     18,569        1,033,336  

EssilorLuxottica S.A.

     379,001        41,441,152  

Gaztransport Et Technigaz S.A.

     81,538        7,425,105  

Hermes International

     32,500        21,464,960  

Imerys S.A.

     113,512        5,664,186  

Ingenico Group S.A.

     58,567        4,183,775  

IPSOS

     80,576        2,019,396  

Kering S.A.

     66,397        38,111,935  

L’Oreal S.A.

     411,479        110,794,589  

Legrand S.A.

     227,020        15,207,894  

LVMH Moet Hennessy Louis Vuitton SE

     372,277        137,065,868  

Pernod Ricard S.A.

     163,338        29,344,649  

Publicis Groupe S.A.

     348,128        18,657,441  

Remy Cointreau S.A.

     30,849        4,118,553  

Rubis SCA

     102,279        5,583,714  

Safran S.A.

     286,373        39,309,963  

Sanofi

     2,347,949        207,589,684  

Sartorius Stedim Biotech

     8,792        1,114,560  

Schneider Electric SE

     777,462        61,055,740  
Investments    Shares      Value  

SCOR SE

     504,946      21,522,506  

SEB S.A.

     22,538        3,796,019  

Societe BIC S.A.

     82,341        7,345,675  

Sodexo S.A.

     207,719        22,894,569  

Tarkett S.A.(a)

     108,776        2,337,743  

Teleperformance

     28,824        5,184,877  

Valeo S.A.

     263,868        7,658,945  

Vicat S.A.

     45,217        2,177,099  
     

 

 

 
Total France               1,167,290,721  
Germany – 20.2%      

adidas AG

     99,405        24,176,219  

BASF SE

     1,213,636        89,299,765  

Bayer AG Registered Shares

     865,512        55,977,987  

Bayerische Motoren Werke AG

     1,049,462        81,014,195  

Brenntag AG

     107,778        5,554,750  

Continental AG

     152,257        22,943,068  

Covestro AG(b)

     218,883        12,047,780  

Daimler AG Registered Shares

     2,185,844        128,241,077  

Duerr AG

     59,478        2,334,799  

Evonik Industries AG

     649,105        17,696,417  

Fresenius Medical Care AG & Co. KGaA

     138,418        11,174,887  

Fresenius SE & Co. KGaA

     222,170        12,413,307  

GEA Group AG

     189,904        4,979,007  

Hannover Rueck SE

     239,059        34,358,703  

HeidelbergCement AG

     214,216        15,432,559  

Henkel AG & Co. KGaA

     165,542        15,753,230  

Hochtief AG

     41,319        5,984,959  

Infineon Technologies AG

     450,917        8,954,130  

K+S AG Registered Shares

     114,485        2,100,498  

Krones AG

     10,859        957,762  

LANXESS AG

     45,796        2,444,603  

Merck KGaA

     66,165        7,551,920  

MTU Aero Engines AG

     27,538        6,239,866  

OSRAM Licht AG

     83,107        2,862,956  

Pfeiffer Vacuum Technology AG

     2,472        378,603  

SAP SE

     610,377        70,592,260  

Siemens AG Registered Shares

     977,731        105,327,263  

Siltronic AG

     20,535        1,813,259  

Symrise AG

     55,524        5,007,560  

Wacker Chemie AG

     43,843        3,780,795  
     

 

 

 
Total Germany               757,394,184  
Ireland – 1.3%      

CRH PLC

     1,088,960        33,808,723  

Glanbia PLC

     248,159        4,859,574  

Kerry Group PLC Class A

     70,193        7,842,212  
     

 

 

 
Total Ireland               46,510,509  
Italy – 1.0%      

Autogrill SpA

     220,043        2,118,670  

Brunello Cucinelli SpA

     29,240        1,006,305  

Davide Campari-Milano SpA

     449,560        4,416,898  

DiaSorin SpA

     29,776        2,999,028  

Ferrari N.V.

     67,079        9,000,698  

IMA Industria Macchine Automatiche SpA(a)

     46,282        3,458,453  

 

See Notes to Financial Statements.

 

WisdomTree Trust      11  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

Interpump Group SpA

     54,777      $ 1,788,605  

Maire Tecnimont SpA

     651,753        2,485,263  

Moncler SpA

     113,485        4,577,164  

Salini Impregilo SpA(a)

     810,751        1,888,069  

Salvatore Ferragamo SpA(a)

     149,096        3,200,926  
     

 

 

 
Total Italy               36,940,079  
Netherlands – 11.4%      

Aegon N.V.

     8,058,814        38,765,224  

Akzo Nobel N.V.

     445,436        39,507,462  

Arcadis N.V.(a)

     158,210        2,465,728  

ASM International N.V.

     52,469        2,845,585  

ASML Holding N.V.

     204,422        38,378,289  

BE Semiconductor Industries N.V.

     397,517        10,587,467  

Corbion N.V.

     72,043        2,167,945  

EXOR N.V.

     153,918        10,006,672  

Heineken Holding N.V.

     275,352        27,609,681  

Heineken N.V.

     597,319        63,099,416  

Koninklijke Ahold Delhaize N.V.

     2,389,027        63,642,756  

Koninklijke DSM N.V.

     245,767        26,812,220  

Koninklijke Philips N.V.

     1,290,529        52,622,989  

Koninklijke Vopak N.V.

     193,653        9,276,129  

SBM Offshore N.V.

     253,540        4,826,874  

Signify N.V.(b)

     441,134        11,813,555  

Wolters Kluwer N.V.

     314,567        21,439,939  
     

 

 

 
Total Netherlands               425,867,931  
Portugal – 0.7%      

Galp Energia, SGPS, S.A.

     1,703,336        27,311,794  
Spain – 15.8%      

Acerinox S.A.

     815,242        8,086,594  

ACS Actividades de Construccion y Servicios S.A.

     705,413        31,017,575  

Amadeus IT Group S.A.

     418,167        33,525,068  

Applus Services S.A.

     271,457        3,243,130  

Banco Bilbao Vizcaya Argentaria S.A.

     18,489,590        105,735,946  

Banco Santander S.A.

     38,458,033        178,970,277  
Investments   Shares     Value  

Construcciones y Auxiliar de Ferrocarriles S.A.

    49,709     2,391,704  

Grifols S.A.

    417,918       11,712,709  

Mapfre S.A.

    13,806,695       38,074,989  

Obrascon Huarte Lain S.A.(a)

    2,512,271       3,166,464  

Prosegur Cash S.A.(b)

    2,322,091       5,131,284  

Prosegur Cia de Seguridad S.A.

    1,066,411       5,783,536  

Siemens Gamesa Renewable Energy S.A.*

    408,563       6,512,026  

Tecnicas Reunidas S.A.(a)

    230,248       6,481,446  

Telefonica S.A.

    17,367,652       145,654,956  

Viscofan S.A.

    113,680       7,116,241  
   

 

 

 
Total Spain             592,603,945  
United Kingdom – 5.2%    

Unilever N.V. CVA

    3,354,637       195,042,510  

TOTAL COMMON STOCKS

(Cost: $3,986,329,314)

            3,720,658,789  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8%

 

United States – 0.8%    

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

   

(Cost: $29,943,930)(d)

    29,943,930       29,943,930  

TOTAL INVESTMENTS IN SECURITIES – 100.2%

(Cost: $4,016,273,244)

 

 

    3,750,602,719  

Other Assets less Liabilities – (0.2)%

      (6,244,461
   

 

 

 
NET ASSETS – 100.0%           $ 3,744,358,258  
* 

Non-income producing security.

(a)

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(d)

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $35,415,714 and the total market value of the collateral held by the Fund was $37,220,279. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $7,276,349.

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.

    4/3/2019       19,223,659       EUR       21,822,544       USD     $     $ (235,422

Bank of America N.A.

    4/3/2019       211,441,977       EUR       237,491,629       USD             (53,802

Bank of America N.A.

    4/3/2019       227,640,310       USD       199,324,998       EUR       3,809,191        

Bank of America N.A.

    5/6/2019       240,973,954       USD       213,949,937       EUR       52,363        

Bank of Montreal

    4/3/2019       211,441,977       EUR       237,491,629       USD             (53,802

Bank of Montreal

    4/3/2019       227,640,310       USD       199,445,673       EUR       3,673,680        

Bank of Montreal

    5/6/2019       240,973,954       USD       213,949,937       EUR       52,363        

Barclays Bank PLC

    4/3/2019       211,442,354       EUR       237,491,629       USD             (53,379

Barclays Bank PLC

    4/3/2019       227,640,310       USD       199,481,152       EUR       3,633,839        

Barclays Bank PLC

    5/6/2019       240,973,954       USD       213,950,507       EUR       51,721        

Canadian Imperial Bank of Commerce

    4/3/2019       211,479,634       EUR       237,491,629       USD             (11,515

 

See Notes to Financial Statements.

 

12   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 31, 2019

 

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

Amount and
Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Canadian Imperial Bank of Commerce

    4/3/2019       227,640,310       USD       199,498,983       EUR     $ 3,613,815     $  

Canadian Imperial Bank of Commerce

    5/6/2019       240,973,954       USD       213,991,736       EUR       5,295        

Citibank N.A.

    4/3/2019       16,523,258       EUR       18,705,038       USD             (150,320

Citibank N.A.

    4/3/2019       19,326,061       EUR       21,822,544       USD             (120,429

Citibank N.A.

    4/3/2019       211,412,050       EUR       237,491,629       USD             (87,409

Citibank N.A.

    4/3/2019       227,640,310       USD       199,415,447       EUR       3,707,622        

Citibank N.A.

    5/6/2019       240,973,954       USD       213,925,246       EUR       80,167        

Commonwealth Bank of Australia

    4/3/2019       211,536,144       EUR       237,491,629       USD       51,942        

Commonwealth Bank of Australia

    4/3/2019       227,640,310       USD       199,517,168       EUR       3,593,394        

Commonwealth Bank of Australia

    5/6/2019       240,973,954       USD       214,048,760       EUR             (58,918

Credit Suisse International

    4/3/2019       22,156,663       EUR       24,940,050       USD             (59,323

Credit Suisse International

    4/3/2019       211,420,331       EUR       237,491,629       USD             (78,110

Credit Suisse International

    4/3/2019       227,640,310       USD       199,621,969       EUR       3,475,708        

Credit Suisse International

    5/6/2019       240,973,954       USD       213,935,692       EUR       68,405        

Goldman Sachs

    4/3/2019       211,384,577       EUR       237,491,629       USD             (118,259

Goldman Sachs

    4/3/2019       227,640,310       USD       199,420,862       EUR       3,701,541        

Goldman Sachs

    5/6/2019       240,973,954       USD       213,902,649       EUR       105,613        

HSBC Holdings PLC

    4/3/2019       211,347,894       EUR       237,491,629       USD             (159,452

HSBC Holdings PLC

    4/3/2019       227,640,310       USD       199,819,448       EUR       3,253,950        

HSBC Holdings PLC

    5/6/2019       240,973,954       USD       213,856,899       EUR       157,130        

JP Morgan Chase Bank N.A.

    4/3/2019       211,292,049       EUR       237,491,629       USD             (222,163

JP Morgan Chase Bank N.A.

    4/3/2019       227,640,310       USD       199,866,115       EUR       3,201,546        

JP Morgan Chase Bank N.A.

    5/6/2019       240,973,954       USD       213,799,977       EUR       221,228        

Morgan Stanley & Co. International

    4/3/2019       211,612,481       EUR       237,491,629       USD       137,664        

Morgan Stanley & Co. International

    4/3/2019       227,640,310       USD       199,422,609       EUR       3,699,579        

Morgan Stanley & Co. International

    5/6/2019       240,973,954       USD       214,131,119       EUR             (151,659

Royal Bank of Canada

    4/3/2019       211,592,684       EUR       237,491,629       USD       115,434        

Royal Bank of Canada

    4/3/2019       227,640,310       USD       199,797,526       EUR       3,278,568        

Royal Bank of Canada

    5/6/2019       240,973,954       USD       214,105,054       EUR             (122,309

Societe Generale

    4/3/2019       211,498,467       EUR       237,491,629       USD       9,633        

Societe Generale

    4/3/2019       227,640,310       USD       199,483,249       EUR       3,631,483        

Societe Generale

    5/6/2019       240,973,954       USD       214,010,741       EUR             (16,105

Standard Chartered Bank

    4/3/2019       211,366,704       EUR       237,491,629       USD             (138,329

Standard Chartered Bank

    4/3/2019       227,640,310       USD       199,515,070       EUR       3,595,751        

Standard Chartered Bank

    5/6/2019       240,973,954       USD       213,875,880       EUR       135,757        

State Street Bank and Trust

    4/3/2019       211,384,577       EUR       237,491,629       USD             (118,259

State Street Bank and Trust

    4/3/2019       227,640,310       USD       199,414,049       EUR       3,709,191        

State Street Bank and Trust

    5/6/2019       240,973,954       USD       213,894,674       EUR       114,593        

UBS AG

    4/3/2019       19,258,284       EUR       21,822,544       USD             (196,539

UBS AG

    4/3/2019       11,047,563       EUR       12,470,025       USD             (64,213

UBS AG

    4/3/2019       16,645,610       EUR       18,705,038       USD             (12,924

UBS AG

    4/3/2019       81,381,960       EUR       91,342,949       USD       44,561        

UBS AG

    4/3/2019       227,640,310       USD       199,432,568       EUR       3,688,396        

UBS AG

    5/6/2019       92,682,303       USD       82,349,792       EUR             (48,937

Wells Fargo Bank N.A.

    4/3/2019       151,760,207       USD       133,235,772       EUR       2,143,690        
                                            $ 60,814,813     $ (2,331,577

 

CURRENCY LEGEND
EUR   Euro
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      13  


Table of Contents

Schedule of Investments

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.5%

 

Austria – 5.5%

 

Andritz AG

     21,498      $ 923,076  

BAWAG Group AG(a)

     9,839        434,617  

Lenzing AG

     7,947        852,174  

Oesterreichische Post AG

     20,117        851,582  

Palfinger AG

     4,339        121,801  

POLYTEC Holding AG(b)

     7,260        69,047  

Porr AG(b)

     5,561        124,384  

S IMMO AG

     12,288        251,392  

Telekom Austria AG*

     48,651        353,988  

UNIQA Insurance Group AG

     94,433        941,583  

Verbund AG

     17,084        820,639  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     25,716        661,242  

Wienerberger AG

     8,924        189,684  
     

 

 

 
Total Austria               6,595,209  
Belgium – 5.1%      

Ackermans & van Haaren N.V.

     3,223        486,748  

Bekaert S.A.

     13,738        323,015  

bpost S.A.(b)

     101,947        1,100,640  

Cofinimmo S.A.

     5,425        721,229  

D’ieteren S.A./N.V.

     10,088        399,854  

Econocom Group S.A./N.V.(b)

     25,262        103,080  

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

     12,045        845,296  

Euronav N.V.

     30,005        244,429  

Greenyard N.V.(b)

     2,138        8,018  

Kinepolis Group N.V.

     4,140        234,289  

Melexis N.V.

     6,088        368,797  

Ontex Group N.V.

     11,589        261,035  

Warehouses De Pauw CVA

     6,181        992,468  
     

 

 

 
Total Belgium               6,088,898  
Finland – 9.7%      

Cargotec Oyj Class B

     5,385        198,690  

Citycon Oyj(b)

     69,566        712,698  

Cramo Oyj

     12,209        240,317  

DNA Oyj

     24,825        515,125  

Finnair Oyj

     21,972        197,864  

Huhtamaki Oyj(b)

     15,087        561,914  

Kemira Oyj

     46,221        571,930  

Kesko Oyj Class B

     18,098        1,102,229  

Konecranes Oyj(b)

     14,998        533,676  

Lehto Group Oyj(b)

     9,196        43,884  

Metsa Board Oyj(b)

     41,679        255,758  

Metso Oyj

     31,237        1,075,383  

Nokian Renkaat Oyj

     35,378        1,185,370  

Oriola Oyj Class B

     31,025        81,691  

Orion Oyj Class B(b)

     37,191        1,395,616  

Outokumpu Oyj(b)

     117,419        426,911  

Ramirent Oyj

     30,310        186,674  

Sanoma Oyj

     25,261        247,762  

Tieto Oyj(b)

     21,232        648,457  

Tikkurila Oyj

     7,193        118,081  
Investments    Shares      Value  

Tokmanni Group Corp.

     20,800      194,082  

Uponor Oyj

     10,132        115,929  

Valmet Oyj(b)

     30,017        760,375  

YIT Oyj(b)

     63,271        366,941  
     

 

 

 
Total Finland               11,737,357  
France – 15.1%

 

Alten S.A.

     2,543        272,406  

Altran Technologies S.A.(b)

     26,155        287,220  

Beneteau S.A.

     7,559        88,611  

Bonduelle SCA

     3,388        99,480  

Casino Guichard Perrachon S.A.(b)

     59,745        2,592,822  

Chargeurs S.A.

     4,994        105,533  

Coface S.A.

     36,811        325,706  

Derichebourg S.A.

     26,736        108,734  

Elior Group S.A.(a)

     28,599        383,101  

Elis S.A.

     25,720        413,846  

Eramet

     2,968        165,165  

Eurazeo SE

     9,027        679,110  

Eutelsat Communications S.A.

     94,605        1,656,613  

Gaztransport Et Technigaz S.A.

     10,790        982,571  

Ingenico Group S.A.

     7,527        537,697  

Interparfums S.A.

     4,516        245,680  

IPSOS

     8,252        206,812  

Jacquet Metal Service S.A.

     4,472        74,618  

Kaufman & Broad S.A.

     4,577        187,173  

Korian S.A.

     9,245        374,537  

Lagardere SCA

     42,229        1,086,794  

Lectra

     4,039        97,733  

LISI

     4,838        148,846  

Maisons du Monde S.A.(a)

     3,277        63,362  

Metropole Television S.A.

     33,455        617,568  

Neopost S.A.

     14,650        351,038  

Nexity S.A.

     16,332        797,720  

Oeneo S.A.

     9,826        103,822  

Rallye S.A.(b)

     29,165        345,491  

Rexel S.A.

     50,850        574,109  

Rothschild & Co.

     11,498        366,013  

Rubis SCA

     13,617        743,392  

Societe BIC S.A.

     11,478        1,023,957  

Sopra Steria Group

     1,882        218,717  

SPIE S.A.

     28,762        508,976  

Tarkett S.A.(b)

     10,607        227,959  

Television Francaise 1

     64,907        598,351  

Trigano S.A.

     995        77,648  

Vicat S.A.

     5,989        288,357  

Vilmorin & Cie S.A.

     3,983        211,093  
     

 

 

 
Total France               18,238,381  
Germany – 15.2%      

Aareal Bank AG

     22,562        696,171  

alstria office REIT-AG

     42,396        690,263  

AURELIUS Equity Opportunities SE & Co. KGaA

     15,776        718,837  

Aurubis AG

     5,532        296,728  

BayWa AG

     7,344        209,041  

 

See Notes to Financial Statements.

 

14   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2019

 

 

 

Investments    Shares      Value  

Bechtle AG

     2,470      $ 228,947  

bet-at-home.com AG

     4,502        293,194  

Bilfinger SE

     8,753        304,678  

Carl Zeiss Meditec AG Bearer Shares

     5,198        434,533  

Comdirect Bank AG

     12,078        136,974  

CompuGroup Medical SE

     2,259        133,167  

CropEnergies AG

     29,389        171,597  

CTS Eventim AG & Co. KGaA

     9,849        467,130  

Deutz AG

     16,907        141,621  

DMG MORI AG

     5,779        279,998  

Duerr AG

     9,430        370,173  

Elmos Semiconductor AG

     3,844        84,080  

Encavis AG

     21,793        154,407  

Freenet AG

     50,841        1,093,498  

Gerresheimer AG

     2,826        212,603  

Hamburger Hafen und Logistik AG

     13,442        307,602  

Hugo Boss AG

     13,484        921,754  

Indus Holding AG

     4,425        213,402  

Jenoptik AG

     4,486        167,232  

K+S AG Registered Shares

     16,370        300,346  

Kloeckner & Co. SE

     19,545        143,857  

Krones AG

     2,982        263,012  

LEG Immobilien AG

     11,153        1,370,658  

METRO AG

     128,791        2,138,826  

MLP SE

     27,640        138,108  

Nemetschek SE

     1,595        272,224  

NORMA Group SE

     3,130        152,038  

Pfeiffer Vacuum Technology AG

     1,368        209,518  

Rheinmetall AG

     4,269        445,215  

RHOEN-KLINIKUM AG

     3,696        106,573  

Salzgitter AG

     3,656        105,831  

Scout24 AG(a)

     5,787        299,945  

Siltronic AG

     3,053        269,583  

Sixt Leasing SE

     4,510        53,274  

Sixt SE

     3,810        398,073  

Software AG

     6,753        228,616  

Stroeer SE & Co. KGaA

     7,175        420,547  

Suedzucker AG

     35,397        451,907  

Takkt AG

     11,352        186,865  

TLG Immobilien AG

     19,217        579,148  

VERBIO Vereinigte BioEnergie AG

     15,239        118,495  

Vossloh AG

     3,171        145,093  

Wacker Neuson SE

     10,785        256,731  

Washtec AG

     2,733        208,675  

Wuestenrot & Wuerttembergische AG

     15,078        289,847  
     

 

 

 
Total Germany               18,280,635  
Ireland – 1.0%      

C&C Group PLC

     94,722        340,347  

Glanbia PLC

     25,219        493,851  

Hibernia REIT PLC

     99,720        149,593  

Irish Continental Group PLC

     22,123        120,726  

Total Produce PLC(b)

     54,819        104,641  
     

 

 

 
Total Ireland               1,209,158  
Investments    Shares      Value  
Italy – 25.5%      

A2A SpA

     688,408      1,257,250  

ACEA SpA

     49,531        838,131  

Amplifon SpA

     7,639        148,819  

Anima Holding SpA(a)

     61,242        250,582  

Aquafil SpA

     8,315        93,365  

Ascopiave SpA

     115,927        457,543  

ASTM SpA

     14,646        398,797  

Autogrill SpA

     22,363        215,321  

Avio SpA

     7,461        105,222  

Azimut Holding SpA(b)

     60,909        1,036,134  

Banca Farmafactoring SpA(a)

     101,867        620,519  

Banca Generali SpA

     36,888        918,689  

Banca IFIS SpA

     8,281        136,778  

Banca Mediolanum SpA

     286,369        2,030,584  

Banca Popolare di Sondrio SCPA

     45,453        124,428  

Banca Sistema SpA(a)

     45,802        77,143  

Biesse SpA

     4,228        92,005  

BPER Banca

     74,578        304,897  

Brembo SpA

     32,570        369,735  

Brunello Cucinelli SpA

     3,727        128,266  

Buzzi Unicem SpA RSP

     17,836        232,315  

Cairo Communication SpA

     41,442        175,430  

Cerved Group SpA

     30,416        302,592  

Credito Emiliano SpA

     43,313        243,656  

Datalogic SpA

     5,974        139,524  

De’ Longhi SpA

     34,792        939,933  

DiaSorin SpA

     4,245        427,555  

doBank SpA(a)

     19,042        255,507  

Enav SpA(a)

     130,780        713,379  

ERG SpA

     33,224        629,345  

Falck Renewables SpA

     46,353        168,374  

Fincantieri SpA

     72,964        89,793  

FinecoBank Banca Fineco SpA

     115,478        1,520,316  

Gamenet Group SpA(a)

     17,618        178,437  

Geox SpA(b)

     45,068        83,599  

Gima TT SpA(a)

     14,446        115,556  

Gruppo MutuiOnline SpA

     7,124        147,665  

Hera SpA

     277,379        1,004,131  

IMA Industria Macchine Automatiche SpA

     4,577        342,019  

Immobiliare Grande Distribuzione SIIQ SpA

     47,801        345,656  

Infrastrutture Wireless Italiane SpA(a)

     106,656        954,477  

Interpump Group SpA

     5,501        179,621  

Iren SpA

     178,564        455,938  

Italgas SpA

     195,830        1,210,262  

Maire Tecnimont SpA

     61,630        235,007  

MARR SpA

     12,111        275,784  

Massimo Zanetti Beverage Group SpA(a)

     12,536        84,175  

OVS SpA*(a)(b)

     69,464        127,526  

Piaggio & C. SpA

     53,433        130,434  

Prysmian SpA

     24,738        468,460  

RAI Way SpA(a)

     48,329        250,167  

Reply SpA

     1,835        118,269  

Salvatore Ferragamo SpA

     13,749        295,176  

 

See Notes to Financial Statements.

 

WisdomTree Trust      15  


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2019

 

 

 

Investments    Shares      Value  

Saras SpA

     317,581      $ 588,740  

Societa Cattolica di Assicurazioni SC

     41,924        400,838  

Societa Iniziative Autostradali e Servizi SpA

     36,149        626,708  

Technogym SpA(a)

     10,617        130,777  

Telecom Italia SpA RSP

     1,709,925        972,282  

Tod’s SpA(b)

     4,468        207,198  

Unieuro SpA*(a)

     10,405        154,102  

Unione di Banche Italiane SpA(b)

     225,016        595,770  

Unipol Gruppo SpA

     235,411        1,173,631  

UnipolSai Assicurazioni SpA(b)

     1,246,567        3,364,897  

Zignago Vetro SpA

     14,631        163,791  
     

 

 

 
Total Italy               30,823,020  
Netherlands – 7.9%      

Aalberts Industries N.V.

     12,113        419,321  

Accell Group N.V.

     6,937        192,783  

Arcadis N.V.

     14,513        226,187  

ASM International N.V.

     6,242        338,526  

ASR Nederland N.V.

     38,258        1,593,742  

BE Semiconductor Industries N.V.

     36,648        976,083  

Boskalis Westminster(b)

     29,753        770,058  

Corbion N.V.

     9,688        291,535  

Euronext N.V.(a)

     11,574        734,266  

ForFarmers N.V.

     18,376        151,244  

IMCD N.V.

     4,575        348,548  

Intertrust N.V.(a)

     20,347        383,823  

Koninklijke Volkerwessels N.V.

     22,320        460,640  

PostNL N.V.

     210,425        538,472  

SBM Offshore N.V.

     20,242        385,366  

Signify N.V.(a)

     41,038        1,098,996  

Sligro Food Group N.V.

     9,584        343,827  

TKH Group N.V. CVA

     5,484        258,870  

Wessanen

     5,259        64,129  
     

 

 

 
Total Netherlands               9,576,416  
Portugal – 3.5%      

Altri, SGPS, S.A.

     57,359        449,551  

Corticeira Amorim, SGPS, S.A.

     15,566        185,969  

CTT-Correios de Portugal S.A.

     95,223        275,857  

Mota-Engil, SGPS, S.A.*(b)

     61,474        140,813  

Navigator Co. S.A. (The)

     127,448        583,868  

NOS, SGPS, S.A.

     183,256        1,172,883  

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

     202,966        579,323  

Semapa-Sociedade de Investimento e Gestao

     14,129        230,356  

Sonae Capital, SGPS, S.A.

     135,067        132,702  

Sonae, SGPS, S.A.

     463,456        479,801  
     

 

 

 
Total Portugal               4,231,123  
Spain – 10.0%      

Acciona S.A.(b)

     13,438        1,498,324  

Acerinox S.A.

     49,737        493,354  

Almirall S.A.

     13,696        233,754  

Applus Services S.A.

     14,183        169,446  

Atresmedia Corp. de Medios de Comunicacion S.A.(b)

     59,438        278,840  

Bolsas y Mercados Espanoles SHMSF S.A.

     32,440        907,717  
Investments    Shares      Value  

Cellnex Telecom S.A.*(a)

     7,512      220,656  

Cia de Distribucion Integral Logista Holdings S.A.

     37,052        873,681  

Cie Automotive S.A.

     15,551        418,725  

Construcciones y Auxiliar de Ferrocarriles S.A.

     3,783        182,016  

Ebro Foods S.A.

     28,459        609,066  

Ence Energia y Celulosa S.A.

     33,736        187,887  

Euskaltel S.A.(a)

     43,458        405,258  

Faes Farma S.A.

     74,166        313,955  

Fluidra S.A.*

     6,725        77,324  

Grupo Catalana Occidente S.A.

     14,155        505,427  

Lar Espana Real Estate Socimi S.A.

     34,910        291,638  

Mediaset Espana Comunicacion S.A.

     137,031        1,024,127  

Melia Hotels International S.A.

     19,758        183,583  

Obrascon Huarte Lain S.A.(b)

     203,320        256,264  

Prosegur Cash S.A.(a)

     167,077        369,202  

Prosegur Cia de Seguridad S.A.

     62,234        337,518  

Sacyr S.A.

     84,077        212,885  

Talgo S.A.*(a)

     21,546        139,351  

Tecnicas Reunidas S.A.

     15,465        435,337  

Unicaja Banco S.A.(a)

     169,512        182,342  

Viscofan S.A.

     8,416        526,832  

Zardoya Otis S.A.

     86,595        717,581  
     

 

 

 
Total Spain               12,052,090  

TOTAL COMMON STOCKS

(Cost: $123,422,689)

              118,832,287  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.1%

 

United States – 7.1%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

     

(Cost: $8,591,779)(d)

     8,591,779        8,591,779  

TOTAL INVESTMENTS IN SECURITIES – 105.6%

(Cost: $132,014,468)

        127,424,066  

Other Assets less Liabilities – (5.6)%

        (6,753,480
     

 

 

 
NET ASSETS – 100.0%             $ 120,670,586  
* 

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, 2019 (See Note 2).

 

(c)

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(d)

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $15,888,744 and the total market value of the collateral held by the Fund was $16,674,966. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $8,083,187.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

16   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

March 31, 2019

 

 

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.

    4/3/2019       22,108,918       EUR       24,826,480       USD     $ 631     $  

Bank of America N.A.

    4/3/2019       27,309,128       USD       23,923,561       EUR       444,271        

Bank of America N.A.

    5/6/2019       25,124,927       USD       22,313,097       EUR             (1,077

Barclays Bank PLC

    4/3/2019       22,108,938       EUR       24,826,480       USD       653        

Barclays Bank PLC

    4/3/2019       27,309,128       USD       23,923,289       EUR       444,577        

Barclays Bank PLC

    5/6/2019       25,124,927       USD       22,312,959       EUR             (920

Citibank N.A.

    4/3/2019       2,588,991       EUR       2,955,533       USD             (48,237

Citibank N.A.

    4/3/2019       22,108,603       EUR       24,826,480       USD       277        

Citibank N.A.

    4/3/2019       27,309,128       USD       23,923,100       EUR       444,789        

Citibank N.A.

    5/6/2019       25,124,927       USD       22,313,375       EUR             (1,389

Credit Suisse International

    4/3/2019       22,108,426       EUR       24,826,480       USD       79        

Credit Suisse International

    5/6/2019       25,124,927       USD       22,313,296       EUR             (1,300

Goldman Sachs

    4/3/2019       27,309,128       USD       23,923,100       EUR       444,789        

UBS AG

    4/2/2019       61,000       USD       54,370       EUR             (49

UBS AG

    4/3/2019       2,618,394       EUR       2,955,533       USD             (15,219

UBS AG

    4/3/2019       16,844,728       EUR       18,915,417       USD       296        

UBS AG

    4/3/2019       14,895,891       USD       13,049,058       EUR       242,510        

UBS AG

    5/6/2019       19,142,804       USD       17,000,291       EUR             (633
                                            $ 2,022,872     $ (68,824

 

CURRENCY LEGEND
EUR   Euro
USD   U.S. dollar

    

 

See Notes to Financial Statements.

 

WisdomTree Trust      17  


Table of Contents

Schedule of Investments

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.4%      
Germany – 98.4%      
Aerospace & Defense – 0.8%      

MTU Aero Engines AG

     1,875      $ 424,858  
Air Freight & Logistics – 3.8%      

Deutsche Post AG Registered Shares

     60,251        1,961,932  
Airlines – 1.0%      

Deutsche Lufthansa AG Registered Shares

     24,170        530,980  
Auto Components – 1.9%      

Continental AG

     5,298        798,337  

Hella GmbH & Co. KGaA

     4,065        178,924  
     

 

 

 
Total Auto Components               977,261  
Automobiles – 14.1%      

Bayerische Motoren Werke AG

     34,972        2,699,696  

Daimler AG Registered Shares

     51,159        3,001,442  

Volkswagen AG

     9,602        1,564,411  
     

 

 

 
Total Automobiles               7,265,549  
Capital Markets – 2.6%      

AURELIUS Equity Opportunities SE & Co. KGaA

     5,448        248,239  

Deutsche Bank AG Registered Shares

     40,718        331,929  

Deutsche Boerse AG

     5,981        767,612  
     

 

 

 
Total Capital Markets               1,347,780  
Chemicals – 9.0%      

BASF SE

     34,905        2,568,322  

Covestro AG(a)

     8,263        454,813  

Evonik Industries AG

     25,161        685,959  

Fuchs Petrolub SE

     3,671        144,682  

K+S AG Registered Shares

     8,348        153,164  

LANXESS AG

     2,924        156,084  

Symrise AG

     3,235        291,756  

Wacker Chemie AG

     2,331        201,013  
     

 

 

 
Total Chemicals               4,655,793  
Commercial Services & Supplies – 0.1%      

Bilfinger SE

     1,576        54,858  
Construction & Engineering – 0.7%      

Hochtief AG

     2,344        339,523  
Construction Materials – 1.1%      

HeidelbergCement AG

     7,468        538,010  
Diversified Telecommunication Services – 7.2%      

Deutsche Telekom AG Registered Shares

     223,498        3,712,875  
Electrical Equipment – 0.3%      

OSRAM Licht AG

     4,902        168,869  
Electronic Equipment, Instruments & Components – 0.0%

 

  

Jenoptik AG

     377        14,054  
Entertainment – 0.4%      

CTS Eventim AG & Co. KGaA

     4,278        202,902  
Food & Staples Retailing – 1.2%      

METRO AG

     37,110        616,284  
Investments    Shares      Value  
Food Products – 0.4%      

Suedzucker AG

     14,880      189,970  
Health Care Equipment & Supplies – 0.1%      

Carl Zeiss Meditec AG Bearer Shares

     879        73,481  
Health Care Providers & Services – 1.9%      

Fresenius Medical Care AG & Co. KGaA

     5,832        470,835  

Fresenius SE & Co. KGaA

     8,707        486,486  
     

 

 

 
Total Health Care Providers & Services               957,321  
Health Care Technology – 0.1%      

CompuGroup Medical SE

     570        33,601  
Hotels, Restaurants & Leisure – 0.5%      

TUI AG

     27,566        264,644  
Household Products – 1.3%      

Henkel AG & Co. KGaA

     6,868        653,569  
Independent Power & Renewable Electricity Producers – 1.1%      

Uniper SE

     19,301        582,764  
Industrial Conglomerates – 6.0%      

Indus Holding AG

     766        36,942  

Rheinmetall AG

     2,553        266,253  

Siemens AG Registered Shares

     25,848        2,784,507  
     

 

 

 
Total Industrial Conglomerates               3,087,702  
Insurance – 15.3%      

Allianz SE Registered Shares

     17,407        3,875,471  

Hannover Rueck SE

     7,664        1,101,507  

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     9,528        2,257,386  

Talanx AG

     16,743        645,964  
     

 

 

 
Total Insurance               7,880,328  
Internet & Direct Marketing Retail – 0.1%      

Takkt AG

     2,573        42,354  
IT Services – 0.2%      

Bechtle AG

     617        57,191  

Wirecard AG

     332        41,640  
     

 

 

 
Total IT Services               98,831  
Life Sciences Tools & Services – 0.1%      

Gerresheimer AG

     648        48,750  
Machinery – 3.0%      

DMG MORI AG

     3,750        181,691  

Duerr AG

     4,288        168,325  

GEA Group AG

     9,525        249,732  

KION Group AG

     3,760        196,699  

Krones AG

     884        77,969  

MAN SE

     6,932        569,759  

NORMA Group SE

     470        22,830  

Pfeiffer Vacuum Technology AG

     102        15,622  

Wacker Neuson SE

     1,595        37,968  

Washtec AG

     584        44,590  
     

 

 

 
Total Machinery               1,565,185  

 

See Notes to Financial Statements.

 

18   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2019

 

 

 

Investments    Shares      Value  
Media – 1.3%      

Axel Springer SE

     5,918      $ 305,937  

ProSiebenSat.1 Media SE

     26,798        382,746  
     

 

 

 
Total Media               688,683  
Metals & Mining – 0.6%      

Aurubis AG

     3,001        160,970  

Salzgitter AG

     545        15,776  

ThyssenKrupp AG

     9,253        127,222  
     

 

 

 
Total Metals & Mining               303,968  
Multi-Utilities – 6.3%      

E.ON SE

     96,744        1,076,731  

Innogy SE

     35,742        1,531,070  

RWE AG

     23,102        619,968  
     

 

 

 
Total Multi-Utilities               3,227,769  
Personal Products – 0.6%      

Beiersdorf AG

     3,163        329,373  
Pharmaceuticals – 4.6%      

Bayer AG Registered Shares

     29,846        1,930,325  

Merck KGaA

     3,605        411,466  
     

 

 

 
Total Pharmaceuticals               2,341,791  
Road & Rail – 0.1%      

Sixt SE

     685        71,570  
Semiconductors & Semiconductor Equipment – 0.9%

 

  

Infineon Technologies AG

     17,601        349,514  

Siltronic AG

     1,357        119,824  
     

 

 

 
Total Semiconductors & Semiconductor Equipment               469,338  
Software – 5.0%      

Nemetschek SE

     370        63,149  

RIB Software SE

     259        4,275  

SAP SE

     21,236        2,456,019  

Software AG

     1,259        42,622  
     

 

 

 
Total Software               2,566,065  
Investments    Shares      Value  
Specialty Retail – 0.6%      

Fielmann AG

     4,203      290,239  
Textiles, Apparel & Luxury Goods – 2.3%      

adidas AG

     3,821        929,302  

Hugo Boss AG

     4,051        276,923  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               1,206,225  
Thrifts & Mortgage Finance – 0.5%      

Aareal Bank AG

     7,698        237,529  
Trading Companies & Distributors – 0.7%      

BayWa AG

     1,082        30,798  

Brenntag AG

     6,222        320,674  

Kloeckner & Co. SE

     2,183        16,068  
     

 

 

 
Total Trading Companies & Distributors               367,540  
Transportation Infrastructure – 0.6%      

Fraport AG Frankfurt Airport Services Worldwide

     3,178        243,509  

Hamburger Hafen und Logistik AG

     2,883        65,973  
     

 

 

 
Total Transportation Infrastructure               309,482  

TOTAL INVESTMENTS IN SECURITIES – 98.4%

(Cost: $58,265,329)

        50,699,600  

Other Assets less Liabilities – 1.6%

        841,077  
     

 

 

 
NET ASSETS – 100.0%             $ 51,540,677  
(a)

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

 

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

Amount and

Description of
Currency to

be Purchased

   

Amount and

Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Bank of America N.A.

    4/3/2019       9,688,870       EUR       10,879,797       USD     $ 277     $  

Bank of America N.A.

    4/3/2019       11,714,491       USD       10,262,222       EUR       190,574        

Bank of America N.A.

    5/6/2019       10,733,580       USD       9,532,343       EUR             (460

Barclays Bank PLC

    4/3/2019       9,688,879       EUR       10,879,797       USD       286        

Barclays Bank PLC

    4/3/2019       11,714,491       USD       10,262,105       EUR       190,705        

Barclays Bank PLC

    5/6/2019       10,733,580       USD       9,532,284       EUR             (393

Canadian Imperial Bank of Commerce

    4/3/2019       11,714,491       USD       10,262,906       EUR       189,807        

Citibank N.A.

    4/3/2019       9,688,732       EUR       10,879,797       USD       122        

Citibank N.A.

    4/3/2019       11,714,491       USD       10,262,025       EUR       190,796        

Citibank N.A.

    5/6/2019       10,733,580       USD       9,532,461       EUR             (593

Credit Suisse International

    4/3/2019       9,688,654       EUR       10,879,797       USD       34        

Credit Suisse International

    5/6/2019       10,733,580       USD       9,532,427       EUR             (555

Goldman Sachs

    4/3/2019       6,389,724       USD       5,597,469       EUR       104,071        

 

See Notes to Financial Statements.

 

WisdomTree Trust      19  


Table of Contents

Schedule of Investments (concluded)

WisdomTree Germany Hedged Equity Fund (DXGE)

March 31, 2019

 

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.

    4/3/2019       1,268,793       EUR       1,439,127       USD     $     $ (14,342

Royal Bank of Canada

    4/2/2019       22,000       USD       19,612       EUR             (22

UBS AG

    4/3/2019       7,381,927       EUR       8,289,373       USD       129        

UBS AG

    5/6/2019       8,177,969       USD       7,262,669       EUR             (271
                                            $ 866,801     $ (16,636

 

CURRENCY LEGEND
EUR   Euro
USD   U.S. dollar

 

See Notes to Financial Statements.

 

20   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%      
Australia – 6.5%      

Altium Ltd.

     17,527      $ 402,394  

ARB Corp., Ltd.(a)

     12,433        151,907  

Aristocrat Leisure Ltd.

     67,471        1,174,716  

Blackmores Ltd.(a)

     3,920        259,327  

Caltex Australia Ltd.

     123,298        2,295,595  

carsales.com Ltd.

     88,563        795,821  

Cochlear Ltd.

     10,024        1,233,848  

Computershare Ltd.

     138,749        1,683,411  

Corporate Travel Management Ltd.

     10,914        197,385  

Costa Group Holdings Ltd.

     12,876        47,013  

Crown Resorts Ltd.

     242,796        1,985,131  

CSL Ltd.

     58,443        8,092,930  

Domino’s Pizza Enterprises Ltd.(a)

     13,177        406,423  

Flight Centre Travel Group Ltd.

     15,115        451,488  

Inghams Group Ltd.(a)

     235,563        731,242  

Magellan Financial Group Ltd.

     81,536        2,109,992  

McMillan Shakespeare Ltd.

     36,926        314,765  

Mineral Resources Ltd.

     79,610        893,505  

Northern Star Resources Ltd.

     116,073        737,949  

Pendal Group Ltd.

     178,976        1,176,004  

Platinum Asset Management Ltd.(a)

     329,935        1,075,755  

Reece Ltd.

     80,516        563,938  

Sandfire Resources NL

     46,650        228,982  

Seek Ltd.

     72,971        909,185  

Technology One Ltd.

     78,934        448,566  

Webjet Ltd.

     18,216        188,273  
     

 

 

 
Total Australia               28,555,545  
Austria – 0.4%      

Lenzing AG

     16,893        1,811,473  
Belgium – 0.6%      

Kinepolis Group N.V.

     4,429        250,644  

Melexis N.V.(a)

     9,422        570,764  

Warehouses De Pauw CVA

     11,016        1,768,812  
     

 

 

 
Total Belgium               2,590,220  
China – 3.7%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     138,000        252,796  

China Everbright International Ltd.

     831,481        845,256  

China Overseas Land & Investment Ltd.

     3,614,000        13,719,476  

China South City Holdings Ltd.

     3,488,000        559,861  

CSPC Pharmaceutical Group Ltd.

     470,000        874,146  
     

 

 

 
Total China               16,251,535  
Denmark – 10.3%      

Chr Hansen Holding A/S

     15,534        1,576,145  

Coloplast A/S Class B

     57,971        6,366,770  

DFDS A/S

     12,168        504,022  

DSV A/S

     7,851        649,935  

GN Store Nord A/S

     8,424        391,510  

Novo Nordisk A/S Class B

     622,219        32,605,281  

Pandora A/S

     28,785        1,349,057  

Rockwool International A/S Class B

     577        135,297  

Royal Unibrew A/S

     12,545      926,443  

SimCorp A/S

     6,426        620,984  
     

 

 

 
Total Denmark

 

     45,125,444  
Finland – 2.0%

 

DNA Oyj

     50,262        1,042,950  

Neste Oyj(a)

     38,593        4,116,744  

Nokian Renkaat Oyj

     49,043        1,643,227  

Wartsila Oyj Abp

     128,255        2,071,600  
     

 

 

 
Total Finland

 

     8,874,521  
France – 6.9%

 

Airbus SE

     102,522        13,572,273  

Alten S.A.

     5,108        547,168  

Eurazeo SE

     17,708        1,332,190  

Hermes International

     5,980        3,949,553  

Ipsen S.A.

     7,846        1,076,567  

Safran S.A.

     59,245        8,132,466  

SEB S.A.

     5,311        894,518  

Trigano S.A.

     15        1,171  

Valeo S.A.

     35,229        1,022,545  
     

 

 

 
Total France

 

     30,528,451  
Germany – 4.7%

 

1&1 Drillisch AG

     54,364        1,937,492  

adidas AG

     21,030        5,114,691  

AURELIUS Equity Opportunities SE & Co. KGaA

     36,564        1,666,048  

Bechtle AG

     6,946        643,833  

CompuGroup Medical SE

     5,893        347,390  

Continental AG

     28,542        4,300,893  

CTS Eventim AG & Co. KGaA

     11,287        535,333  

Fielmann AG

     15,495        1,070,011  

Fuchs Petrolub SE

     19,496        768,377  

Hugo Boss AG

     18,896        1,291,714  

Nemetschek SE

     3,389        578,411  

Pfeiffer Vacuum Technology AG

     1,717        262,970  

Siltronic AG

     7,529        664,818  

United Internet AG Registered Shares

     32,486        1,186,594  

Wirecard AG

     1,010        126,677  
     

 

 

 
Total Germany

 

     20,495,252  
Hong Kong – 1.1%

 

Galaxy Entertainment Group Ltd.

     385,000        2,621,450  

Techtronic Industries Co., Ltd.

     206,500        1,387,636  

Vitasoy International Holdings Ltd.

     168,000        813,254  
     

 

 

 
Total Hong Kong

 

     4,822,340  
Ireland – 0.5%

 

Glanbia PLC

     48,060        941,135  

Hibernia REIT PLC

     101,122        151,696  

Irish Continental Group PLC

     48,705        265,785  

Kingspan Group PLC

     16,031        742,697  
     

 

 

 
Total Ireland

 

     2,101,313  
Israel – 0.5%      

Bezeq Israeli Telecommunication Corp., Ltd.

     3,098,636        2,224,075  

 

See Notes to Financial Statements.

 

WisdomTree Trust      21  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2019

 

 

 

Investments    Shares      Value  
Italy – 2.0%      

Biesse SpA

     33      $ 718  

Brembo SpA

     56,617        642,717  

Datalogic SpA

     7,140        166,757  

De’ Longhi SpA

     46,195        1,247,993  

DiaSorin SpA

     5,956        599,886  

Ferrari N.V.

     8,515        1,142,547  

Gima TT SpA(b)

     207        1,656  

IMA Industria Macchine Automatiche SpA

     8,682        648,768  

Interpump Group SpA

     9,962        325,284  

Moncler SpA

     13,186        531,828  

Recordati SpA

     64,906        2,529,654  

Reply SpA

     3,597        231,832  

Salvatore Ferragamo SpA

     19,750        424,011  

Technogym SpA(b)

     17,486        215,387  
     

 

 

 
Total Italy               8,709,038  
Japan – 16.1%      

Ai Holdings Corp.

     13,000        214,817  

Asahi Intecc Co., Ltd.

     8,700        408,727  

Astellas Pharma, Inc.

     506,000        7,581,886  

Benefit One, Inc.(a)

     20,000        392,465  

Calbee, Inc.

     12,500        336,766  

Chugai Pharmaceutical Co., Ltd.

     69,200        4,757,754  

Create SD Holdings Co., Ltd.

     10,100        237,524  

CyberAgent, Inc.

     6,900        281,461  

Daikin Industries Ltd.

     29,400        3,445,074  

Dip Corp.(a)

     8,900        153,741  

Disco Corp.(a)

     9,100        1,296,535  

en-japan, Inc.

     150        4,364  

Financial Products Group Co., Ltd.

     23,400        191,750  

GMO Payment Gateway, Inc.(a)

     3,800        269,847  

Harmonic Drive Systems, Inc.(a)

     6,000        205,448  

Haseko Corp.

     83,600        1,051,373  

Hazama Ando Corp.

     58,700        392,977  

Hikari Tsushin, Inc.

     5,800        1,098,848  

Hoya Corp.

     53,600        3,539,435  

Japan Lifeline Co., Ltd.(a)

     10,600        175,063  

Kakaku.com, Inc.

     33,200        637,994  

Kaken Pharmaceutical Co., Ltd.

     16,500        749,831  

Keyence Corp.

     2,200        1,370,863  

Koito Manufacturing Co., Ltd.

     14,300        810,056  

Kyudenko Corp.

     6,200        194,371  

Lasertec Corp.

     7,500        313,389  

M3, Inc.

     23,300        390,912  

Meitec Corp.

     12,600        572,598  

Mixi, Inc.

     30,900        714,118  

Modec, Inc.

     10,900        310,205  

MonotaRO Co., Ltd.

     12,700        282,375  

Murata Manufacturing Co., Ltd.

     115,920        5,772,698  

Nidec Corp.

     16,100        2,040,046  

Nihon M&A Center, Inc.

     11,100        303,862  

Nissan Chemical Corp.

     24,200        1,108,497  

Nitto Denko Corp.

     36,800        1,933,342  

Obara Group, Inc.

     7,700      254,962  

Open House Co., Ltd.

     9,800        336,008  

Oracle Corp.

     20,300        1,362,687  

Oriental Land Co., Ltd.

     8,800        999,377  

Park24 Co., Ltd.

     34,400        746,833  

Pigeon Corp.

     18,400        752,225  

Relo Group, Inc.

     15,400        432,705  

Ryohin Keikaku Co., Ltd.

     2,100        531,996  

Seria Co., Ltd.(a)

     1,400        48,254  

Shimano, Inc.

     7,500        1,219,677  

Sundrug Co., Ltd.

     23,200        639,292  

Sysmex Corp.

     14,500        876,406  

Systena Corp.

     13,300        144,433  

T-Gaia Corp.

     20,300        336,729  

TechnoPro Holdings, Inc.

     7,000        417,401  

Toei Animation Co., Ltd.

     6,100        300,908  

Tokyo Electron Ltd.

     65,300        9,439,400  

Trend Micro, Inc.

     37,800        1,840,737  

USS Co., Ltd.

     57,600        1,068,893  

V Technology Co., Ltd.

     1,000        126,756  

Yahoo Japan Corp.

     1,525,500        3,735,018  

Yaskawa Electric Corp.(a)

     32,900        1,032,909  

ZOZO, Inc.

     19,400        365,618  
     

 

 

 
Total Japan               70,550,236  
Netherlands – 2.4%      

ASM International N.V.

     13,038        707,098  

ASML Holding N.V.

     39,197        7,358,865  

BE Semiconductor Industries N.V.

     69,965        1,863,448  

Corbion N.V.

     16,985        511,119  
     

 

 

 
Total Netherlands               10,440,530  
New Zealand – 0.8%      

Fisher & Paykel Healthcare Corp., Ltd.

     106,725        1,142,747  

Mainfreight Ltd.

     24,265        593,272  

Ryman Healthcare Ltd.

     103,650        865,944  

Z Energy Ltd.

     252,260        1,076,978  
     

 

 

 
Total New Zealand               3,678,941  
Norway – 1.8%      

Borregaard ASA

     29,283        290,736  

Entra ASA(b)

     58,983        891,772  

Grieg Seafood ASA

     49,609        602,571  

Leroy Seafood Group ASA

     197,749        1,436,571  

Salmar ASA

     70,859        3,404,879  

Tomra Systems ASA

     21,075        628,951  

Veidekke ASA

     71,187        748,110  
     

 

 

 
Total Norway               8,003,590  
Portugal – 0.1%      

Altri, SGPS, S.A.

     55,614        435,874  
Singapore – 0.7%      

First Resources Ltd.

     438,200        530,563  

Sheng Siong Group Ltd.

     566,100        434,658  

SIA Engineering Co., Ltd.

     358,000        650,188  

 

See Notes to Financial Statements.

 

22   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2019

 

 

 

Investments    Shares      Value  

Venture Corp., Ltd.

     104,000      $ 1,377,453  
     

 

 

 
Total Singapore               2,992,862  
Spain – 4.3%      

Cie Automotive S.A.

     15,632        420,906  

Faes Farma S.A.

     110,348        467,119  

Industria de Diseno Textil S.A.

     521,723        15,348,395  

Prosegur Cash S.A.(b)

     233,500        515,981  

Prosegur Cia de Seguridad S.A.

     110,668        600,193  

Zardoya Otis S.A.(a)

     171,177        1,418,481  
     

 

 

 
Total Spain               18,771,075  
Sweden – 5.8%      

AddTech AB Class B

     10,837        225,496  

Atlas Copco AB Class A

     188,399        5,070,867  

Atlas Copco AB Class B

     103,758        2,574,010  

Beijer Ref AB

     14,748        237,709  

Bonava AB Class B

     35,931        452,852  

Electrolux AB Series B

     85,358        2,198,530  

Evolution Gaming Group AB(b)

     5,290        417,768  

Fagerhult AB

     14,544        111,958  

Hexpol AB

     78,521        661,587  

Indutrade AB

     22,347        637,501  

Intrum AB(a)

     52,933        1,523,736  

Investment AB Latour Class B(a)

     128,398        1,723,454  

JM AB(a)

     37,090        666,199  

Lifco AB Class B

     9,790        400,031  

Loomis AB Class B

     18,406        635,011  

Mycronic AB

     29,296        418,501  

NetEnt AB*

     122,064        444,154  

Nobia AB

     73,139        429,752  

Nolato AB Class B

     1,587        66,130  

Paradox Interactive AB

     5,683        88,229  

Peab AB

     142,581        1,235,150  

Sandvik AB

     253,399        4,125,284  

Sweco AB Class B

     25,422        613,945  

Thule Group AB(b)

     18,876        427,367  
     

 

 

 
Total Sweden               25,385,221  
Switzerland – 6.5%      

Bucher Industries AG Registered Shares

     1,959        655,033  

Comet Holding AG Registered Shares*(a)

     1,713        146,204  

EMS-Chemie Holding AG Registered Shares

     7,215        3,912,140  

Kuehne + Nagel International AG Registered Shares

     42,126        5,778,102  

Logitech International S.A. Registered Shares

     25,954        1,017,155  

Oriflame Holding AG

     14,848        285,745  

Partners Group Holding AG

     8,081        5,874,730  

SGS S.A. Registered Shares

     1,960        4,876,875  

Sonova Holding AG Registered Shares

     11,484        2,271,662  

Straumann Holding AG Registered Shares

     1,328        1,083,442  

Sunrise Communications Group AG*(a)(b)

     27,064        1,991,958  

Temenos AG Registered Shares*

     3,827        564,117  

Ypsomed Holding AG Registered Shares*

     1,970        252,209  
     

 

 

 
Total Switzerland               28,709,372  
United Kingdom – 21.0%      

A.G. Barr PLC

     36,423      383,010  

Abcam PLC

     19,754        292,154  

Ashtead Group PLC

     50,738        1,224,765  

Barratt Developments PLC

     542,168        4,233,182  

Bellway PLC

     36,950        1,466,098  

Bovis Homes Group PLC

     36,903        511,400  

British American Tobacco PLC

     509,914        21,222,331  

Cineworld Group PLC

     187,941        716,567  

Compass Group PLC

     235,004        5,525,777  

Computacenter PLC

     27,880        401,799  

Cranswick PLC

     6,394        226,789  

Croda International PLC

     24,619        1,616,180  

Diageo PLC

     662,453        27,087,520  

Diploma PLC

     20,251        384,738  

Domino’s Pizza Group PLC

     113,008        356,357  

Dunelm Group PLC

     67,355        763,134  

easyJet PLC

     69,681        1,014,666  

Electrocomponents PLC

     93,333        683,248  

Fevertree Drinks PLC

     3,142        123,603  

Games Workshop Group PLC

     9,286        380,549  

Greggs PLC

     21,587        517,291  

Hargreaves Lansdown PLC

     75,022        1,821,710  

Hill & Smith Holdings PLC

     14,115        228,620  

HomeServe PLC

     49,878        666,184  

Howden Joinery Group PLC

     114,763        725,727  

IMI PLC

     86,690        1,082,171  

Jardine Lloyd Thompson Group PLC

     68,532        1,709,215  

JD Sports Fashion PLC

     37,096        242,947  

Marshalls PLC

     79,951        644,354  

Moneysupermarket.com Group PLC

     190,590        924,104  

Next PLC

     26,510        1,927,548  

NMC Health PLC

     5,796        172,499  

Pagegroup PLC

     137,218        840,369  

Redrow PLC

     92,334        723,098  

RELX PLC

     224,643        4,805,018  

Renishaw PLC

     8,528        411,826  

Rentokil Initial PLC

     172,363        793,504  

Rightmove PLC

     113,333        753,161  

Rotork PLC

     134,643        496,163  

RWS Holdings PLC

     37,610        236,217  

Softcat PLC

     27,674        299,303  

Spirax-Sarco Engineering PLC

     8,539        800,013  

Superdry PLC

     132        943  

Synthomer PLC

     107,464        531,278  

Ted Baker PLC

     6,568        133,340  

Unite Group PLC (The)

     77,407        925,438  

Victrex PLC

     15,706        441,241  

WH Smith PLC

     18,678        516,460  
     

 

 

 
Total United Kingdom               91,983,609  

TOTAL COMMON STOCKS

(Cost: $429,220,845)

              433,040,517  

 

See Notes to Financial Statements.

 

WisdomTree Trust      23  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2019

 

 

 

Investments    Shares     Value  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.4%

 

United States – 2.4%

 

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(c)

(Cost: $10,577,670)(d)

     10,577,670     $ 10,577,670  

TOTAL INVESTMENTS IN SECURITIES – 101.1%

(Cost: $439,798,515)

 

 

    443,618,187  

Other Assets less Liabilities – (1.1)%

 

    (4,910,385
    

 

 

 
NET ASSETS – 100.0%

 

  $ 438,707,802  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (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, 2019.

 

(d) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $14,937,774 and the total market value of the collateral held by the Fund was $15,807,221. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $5,229,551.

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.

    4/3/2019       297,320       AUD       210,771       USD     $ 435     $  

Bank of America N.A.

    4/3/2019       8,504,826       AUD       6,041,752       USD             (216

Bank of America N.A.

    4/3/2019       205,696       CHF       206,441       USD       122        

Bank of America N.A.

    4/3/2019       5,892,943       CHF       5,917,625       USD       147        

Bank of America N.A.

    4/3/2019       2,048,142       DKK       311,914       USD             (3,832

Bank of America N.A.

    4/3/2019       59,442,932       DKK       8,941,016       USD       391        

Bank of America N.A.

    4/3/2019       671,077       EUR       762,640       USD             (9,057

Bank of America N.A.

    4/3/2019       19,468,120       EUR       21,861,083       USD       556        

Bank of America N.A.

    4/3/2019       491,461       GBP       648,584       USD             (8,153

Bank of America N.A.

    4/3/2019       14,266,615       GBP       18,591,668       USD             (591

Bank of America N.A.

    4/3/2019       1,169,093       HKD       148,973       USD             (39

Bank of America N.A.

    4/3/2019       33,520,785       HKD       4,270,297       USD       14        

Bank of America N.A.

    4/3/2019       74,014       ILS       20,508       USD             (113

Bank of America N.A.

    4/3/2019       2,133,281       ILS       587,866       USD             (39

Bank of America N.A.

    4/3/2019       58,128,601       JPY       522,111       USD       3,101        

Bank of America N.A.

    4/3/2019       1,656,361,383       JPY       14,966,305       USD             (500

Bank of America N.A.

    4/3/2019       511,215       NOK       59,900       USD             (534

Bank of America N.A.

    4/3/2019       14,785,036       NOK       1,717,032       USD             (86

Bank of America N.A.

    4/3/2019       35,811       NZD       24,524       USD             (100

Bank of America N.A.

    4/3/2019       1,030,755       NZD       702,975       USD       15        

Bank of America N.A.

    4/3/2019       1,750,033       SEK       190,736       USD             (2,045

Bank of America N.A.

    4/3/2019       50,706,044       SEK       5,467,450       USD             (264

Bank of America N.A.

    4/3/2019       30,389       SGD       22,511       USD             (75

Bank of America N.A.

    4/3/2019       873,955       SGD       645,274       USD             (39

Bank of America N.A.

    4/3/2019       6,375,824       USD       8,957,589       AUD       12,661        

Bank of America N.A.

    4/3/2019       6,244,834       USD       6,203,737       CHF       14,958        

Bank of America N.A.

    4/3/2019       9,435,400       USD       61,660,311       DKK       160,455        

Bank of America N.A.

    4/3/2019       23,069,868       USD       20,209,851       EUR       375,306        

Bank of America N.A.

    4/3/2019       19,619,674       USD       14,728,479       GBP       426,735        

Bank of America N.A.

    4/3/2019       4,506,419       USD       35,341,884       HKD       4,112        

Bank of America N.A.

    4/3/2019       620,372       USD       2,243,720       ILS       2,113        

 

See Notes to Financial Statements.

 

24   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2019

 

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.

    4/3/2019       15,793,851       USD       1,754,038,242       JPY     $     $ (54,498

Bank of America N.A.

    4/3/2019       1,811,974       USD       15,464,171       NOK       16,162        

Bank of America N.A.

    4/3/2019       741,846       USD       1,087,846       NZD             (81

Bank of America N.A.

    4/3/2019       5,769,767       USD       53,135,175       SEK       40,669        

Bank of America N.A.

    4/3/2019       680,954       USD       919,763       SGD       1,899        

Bank of America N.A.

    5/3/2019       5,985,062       USD       8,420,284       AUD       73        

Bank of America N.A.

    5/3/2019       9,560,816       USD       63,391,958       DKK             (571

Bank of America N.A.

    5/3/2019       19,418,503       USD       14,884,196       GBP             (6,620

Bank of America N.A.

    5/3/2019       493,245       USD       1,786,423       ILS       21        

Bank of America N.A.

    5/3/2019       757,110       USD       1,109,546       NZD             (48

Bank of America N.A.

    5/6/2019       5,946,907       USD       5,903,727       CHF             (226

Bank of America N.A.

    5/6/2019       22,045,067       USD       19,577,917       EUR             (945

Bank of America N.A.

    5/6/2019       4,339,407       USD       34,030,432       HKD             (473

Bank of America N.A.

    5/6/2019       1,706,589       USD       14,676,290       NOK       80        

Bank of America N.A.

    5/6/2019       5,393,966       USD       49,901,613       SEK       244        

Bank of America N.A.

    5/6/2019       643,353       USD       870,857       SGD       16        

Bank of America N.A.

    5/9/2019       14,939,991       USD       1,648,877,504       JPY             (4,247

Barclays Bank PLC

    4/3/2019       8,504,838       AUD       6,041,752       USD             (208

Barclays Bank PLC

    4/3/2019       5,892,901       CHF       5,917,625       USD       105        

Barclays Bank PLC

    4/3/2019       59,441,689       DKK       8,941,016       USD       204        

Barclays Bank PLC

    4/3/2019       19,468,137       EUR       21,861,083       USD       575        

Barclays Bank PLC

    4/3/2019       14,266,703       GBP       18,591,668       USD             (477

Barclays Bank PLC

    4/3/2019       33,520,849       HKD       4,270,297       USD       23        

Barclays Bank PLC

    4/3/2019       2,133,348       ILS       587,866       USD             (20

Barclays Bank PLC

    4/3/2019       1,656,365,873       JPY       14,966,305       USD             (460

Barclays Bank PLC

    4/3/2019       14,785,399       NOK       1,717,032       USD             (44

Barclays Bank PLC

    4/3/2019       1,030,757       NZD       702,975       USD       16        

Barclays Bank PLC

    4/3/2019       50,707,258       SEK       5,467,450       USD             (133

Barclays Bank PLC

    4/3/2019       873,920       SGD       645,274       USD             (64

Barclays Bank PLC

    4/3/2019       6,375,824       USD       8,957,778       AUD       12,527        

Barclays Bank PLC

    4/3/2019       6,244,834       USD       6,203,599       CHF       15,096        

Barclays Bank PLC

    4/3/2019       9,435,400       USD       61,659,433       DKK       160,587        

Barclays Bank PLC

    4/3/2019       23,069,868       USD       20,209,621       EUR       375,564        

Barclays Bank PLC

    4/3/2019       19,619,674       USD       14,728,081       GBP       427,253        

Barclays Bank PLC

    4/3/2019       4,506,419       USD       35,339,879       HKD       4,368        

Barclays Bank PLC

    4/3/2019       620,372       USD       2,243,699       ILS       2,119        

Barclays Bank PLC

    4/3/2019       15,793,851       USD       1,754,019,289       JPY             (54,327

Barclays Bank PLC

    4/3/2019       1,811,974       USD       15,464,944       NOK       16,072        

Barclays Bank PLC

    4/3/2019       741,846       USD       1,087,872       NZD             (98

Barclays Bank PLC

    4/3/2019       5,769,767       USD       53,133,813       SEK       40,816        

Barclays Bank PLC

    4/3/2019       680,954       USD       919,744       SGD       1,913        

Barclays Bank PLC

    5/3/2019       5,985,062       USD       8,420,402       AUD             (11

Barclays Bank PLC

    5/3/2019       9,560,816       USD       63,391,652       DKK             (525

Barclays Bank PLC

    5/3/2019       19,418,503       USD       14,878,950       GBP       226        

Barclays Bank PLC

    5/3/2019       493,245       USD       1,786,578       ILS             (21

Barclays Bank PLC

    5/3/2019       757,110       USD       1,109,550       NZD             (50

Barclays Bank PLC

    5/6/2019       5,946,907       USD       5,903,768       CHF             (268

Barclays Bank PLC

    5/6/2019       22,045,067       USD       19,577,795       EUR             (808

Barclays Bank PLC

    5/6/2019       4,339,407       USD       34,030,194       HKD             (443

Barclays Bank PLC

    5/6/2019       1,706,589       USD       14,676,749       NOK       27        

Barclays Bank PLC

    5/6/2019       5,393,966       USD       49,903,673       SEK       21        

Barclays Bank PLC

    5/6/2019       643,353       USD       870,907       SGD             (20

Barclays Bank PLC

    5/9/2019       14,939,991       USD       1,648,884,974       JPY             (4,315

Canadian Imperial Bank of Commerce

    4/3/2019       6,375,824       USD       8,957,828       AUD       12,491        

Canadian Imperial Bank of Commerce

    4/3/2019       6,244,834       USD       6,204,243       CHF       14,450        

 

See Notes to Financial Statements.

 

WisdomTree Trust      25  


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2019

 

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

Amount and

Description of
Currency to

be Purchased

   

Amount and
Description of
Currency to

be Sold

   

Unrealized
Appreciation

   

Unrealized
Depreciation

 

Canadian Imperial Bank of Commerce

    4/3/2019       9,435,400       USD       61,664,396       DKK     $ 159,841     $  

Canadian Imperial Bank of Commerce

    4/3/2019       23,069,868       USD       20,211,196       EUR       373,795        

Canadian Imperial Bank of Commerce

    4/3/2019       19,619,674       USD       14,728,932       GBP       426,144        

Canadian Imperial Bank of Commerce

    4/3/2019       4,506,419       USD       35,340,870       HKD       4,242        

Canadian Imperial Bank of Commerce

    4/3/2019       620,372       USD       2,243,799       ILS       2,091        

Canadian Imperial Bank of Commerce

    4/3/2019       15,793,851       USD       1,754,163,013       JPY             (55,626

Canadian Imperial Bank of Commerce

    4/3/2019       1,811,974       USD       15,466,285       NOK       15,916        

Canadian Imperial Bank of Commerce

    4/3/2019       741,846       USD       1,087,942       NZD             (146

Canadian Imperial Bank of Commerce

    4/3/2019       5,769,767       USD       53,138,862       SEK       40,271        

Canadian Imperial Bank of Commerce

    4/3/2019       680,954       USD       919,717       SGD       1,933        

Citibank N.A.

    4/3/2019       8,505,149       AUD       6,041,752       USD       13        

Citibank N.A.

    4/3/2019       5,892,919       CHF       5,917,625       USD       123        

Citibank N.A.

    4/3/2019       59,440,751       DKK       8,941,016       USD       63        

Citibank N.A.

    4/3/2019       19,467,843       EUR       21,861,083       USD       244        

Citibank N.A.

    4/3/2019       14,266,604       GBP       18,591,668       USD             (605

Citibank N.A.

    4/3/2019       33,521,750       HKD       4,270,297       USD       137        

Citibank N.A.

    4/3/2019       2,133,381       ILS       587,866       USD             (11

Citibank N.A.

    4/3/2019       1,656,370,363       JPY       14,966,305       USD             (419

Citibank N.A.

    4/3/2019       14,785,524       NOK       1,717,032       USD             (29

Citibank N.A.

    4/3/2019       1,030,740       NZD       702,975       USD       4        

Citibank N.A.

    4/3/2019       50,707,619       SEK       5,467,450       USD             (94

Citibank N.A.

    4/3/2019       873,984       SGD       645,274       USD             (17

Citibank N.A.

    4/3/2019       6,375,824       USD       8,957,451       AUD       12,759        

Citibank N.A.

    4/3/2019       6,244,834       USD       6,203,587       CHF       15,109        

Citibank N.A.

    4/3/2019       9,435,400       USD       61,658,622       DKK       160,709        

Citibank N.A.

    4/3/2019       23,069,868       USD       20,209,461       EUR       375,743        

Citibank N.A.

    4/3/2019       19,619,674       USD       14,728,048       GBP       427,297        

Citibank N.A.

    4/3/2019       4,506,419       USD       35,338,067       HKD       4,599        

Citibank N.A.

    4/3/2019       620,372       USD       2,243,577       ILS       2,153        

Citibank N.A.

    4/3/2019       15,793,851       USD       1,754,012,972       JPY             (54,270

Citibank N.A.

    4/3/2019       1,811,974       USD       15,465,182       NOK       16,045        

Citibank N.A.

    4/3/2019       741,846       USD       1,087,864       NZD             (93

Citibank N.A.

    4/3/2019       5,769,767       USD       53,134,015       SEK       40,794        

Citibank N.A.

    4/3/2019       680,954       USD       919,711       SGD       1,937        

Citibank N.A.

    5/3/2019       5,985,062       USD       8,420,663       AUD             (197

Citibank N.A.

    5/3/2019       9,560,816       USD       63,393,469       DKK             (799

Citibank N.A.

    5/3/2019       19,418,503       USD       14,879,167       GBP             (56

Citibank N.A.

    5/3/2019       493,245       USD       1,786,478       ILS       6        

Citibank N.A.

    5/3/2019       757,110       USD       1,109,530       NZD             (36

Citibank N.A.

    5/6/2019       5,946,907       USD       5,903,703       CHF             (202

Citibank N.A.

    5/6/2019       22,045,067       USD       19,578,160       EUR             (1,219

Citibank N.A.

    5/6/2019       4,339,407       USD       34,029,291       HKD             (328

Citibank N.A.

    5/6/2019       1,706,589       USD       14,676,957       NOK       3        

Citibank N.A.

    5/6/2019       5,393,966       USD       49,904,704       SEK             (90

Citibank N.A.

    5/6/2019       643,353       USD       870,863       SGD       13        

Citibank N.A.

    5/9/2019       14,939,991       USD       1,648,931,288       JPY             (4,735

Credit Suisse International

    4/3/2019       8,504,623       AUD       6,041,752       USD             (361

Credit Suisse International

    4/3/2019       5,892,801       CHF       5,917,625       USD       4        

Credit Suisse International

    4/3/2019       59,440,017       DKK       8,941,016       USD             (48

Credit Suisse International

    4/3/2019       19,467,687       EUR       21,861,083       USD       69        

Credit Suisse International

    4/3/2019       14,266,440       GBP       18,591,668       USD             (819

Credit Suisse International

    4/3/2019       33,522,438       HKD       4,270,297       USD       225        

Credit Suisse International

    4/3/2019       2,133,042       ILS       587,866       USD             (105

Credit Suisse International

    4/3/2019       1,656,323,967       JPY       14,966,305       USD             (838

Credit Suisse International

    4/3/2019       14,785,165       NOK       1,717,032       USD             (71

 

See Notes to Financial Statements.

 

26   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2019

 

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

 

Credit Suisse International

    4/3/2019       1,030,713       NZD       702,975       USD     $     $ (14

Credit Suisse International

    4/3/2019       50,706,323       SEK       5,467,450       USD             (234

Credit Suisse International

    4/3/2019       873,951       SGD       645,274       USD             (42

Credit Suisse International

    5/3/2019       5,985,062       USD       8,420,556       AUD             (121

Credit Suisse International

    5/3/2019       9,560,816       USD       63,392,665       DKK             (678

Credit Suisse International

    5/3/2019       19,418,503       USD       14,879,133       GBP             (12

Credit Suisse International

    5/3/2019       493,245       USD       1,786,469       ILS       9        

Credit Suisse International

    5/3/2019       757,110       USD       1,109,574       NZD             (66

Credit Suisse International

    5/6/2019       5,946,907       USD       5,903,822       CHF             (322

Credit Suisse International

    5/6/2019       22,045,067       USD       19,578,091       EUR             (1,141

Credit Suisse International

    5/6/2019       4,339,407       USD       34,030,246       HKD             (449

Credit Suisse International

    5/6/2019       1,706,589       USD       14,676,981       NOK              

Credit Suisse International

    5/6/2019       5,393,966       USD       49,903,992       SEK             (13

Credit Suisse International

    5/6/2019       643,353       USD       870,992       SGD             (83

Credit Suisse International

    5/9/2019       14,939,991       USD       1,648,914,854       JPY             (4,586

Goldman Sachs

    4/3/2019       3,477,726       USD       4,885,448       AUD       7,272        

Goldman Sachs

    4/3/2019       3,406,274       USD       3,383,701       CHF       8,316        

Goldman Sachs

    4/3/2019       5,146,585       USD       33,631,590       DKK       87,721        

Goldman Sachs

    4/3/2019       12,583,565       USD       11,023,343       EUR       204,951        

Goldman Sachs

    4/3/2019       10,701,641       USD       8,033,318       GBP       233,283        

Goldman Sachs

    4/3/2019       2,458,049       USD       19,278,849       HKD       2,060        

Goldman Sachs

    4/3/2019       338,385       USD       1,223,748       ILS       1,180        

Goldman Sachs

    4/3/2019       8,614,830       USD       956,727,698       JPY             (29,540

Goldman Sachs

    4/3/2019       988,350       USD       8,435,493       NOK       8,759        

Goldman Sachs

    4/3/2019       404,644       USD       593,388       NZD             (55

Goldman Sachs

    4/3/2019       3,147,146       USD       28,981,413       SEK       22,335        

Goldman Sachs

    4/3/2019       371,433       USD       501,682       SGD       1,045        

Societe Generale

    4/2/2019       108,622       CHF       109,071       USD             (2

Societe Generale

    4/2/2019       1,469,411       DKK       221,020       USD             (11

Societe Generale

    4/2/2019       442,883       EUR       497,314       USD             (22

Societe Generale

    4/2/2019       775,790       HKD       98,830       USD             (3

Societe Generale

    4/2/2019       1,206,617       SEK       130,096       USD             (6

UBS AG

    4/2/2019       233,295       AUD       165,724       USD             (3

UBS AG

    4/2/2019       455,595       GBP       593,676       USD             (12

UBS AG

    4/2/2019       564,011       NOK       65,496       USD             (1

UBS AG

    4/3/2019       6,479,936       AUD       4,603,243       USD             (119

UBS AG

    4/3/2019       4,489,832       CHF       4,508,669       USD       80        

UBS AG

    4/3/2019       45,288,594       DKK       6,812,207       USD       104        

UBS AG

    4/3/2019       14,832,710       EUR       16,656,065       USD       260        

UBS AG

    4/3/2019       10,869,911       GBP       14,165,081       USD             (309

UBS AG

    4/3/2019       25,539,784       HKD       3,253,564       USD       24        

UBS AG

    4/3/2019       1,625,443       ILS       447,901       USD             (9

UBS AG

    4/3/2019       1,261,993,483       JPY       11,402,903       USD             (350

UBS AG

    4/3/2019       11,265,115       NOK       1,308,218       USD             (31

UBS AG

    4/3/2019       785,341       NZD       535,604       USD       10        

UBS AG

    4/3/2019       38,634,260       SEK       4,165,678       USD             (86

UBS AG

    4/3/2019       665,899       SGD       491,642       USD             (13

UBS AG

    5/3/2019       4,560,050       USD       6,415,612       AUD             (54

UBS AG

    5/3/2019       7,284,435       USD       48,298,528       DKK             (415

UBS AG

    5/3/2019       14,795,050       USD       11,336,456       GBP       25        

UBS AG

    5/3/2019       375,810       USD       1,361,254       ILS             (26

UBS AG

    5/3/2019       576,850       USD       845,351       NZD             (20

UBS AG

    5/6/2019       4,530,979       USD       4,498,084       CHF             (177

UBS AG

    5/6/2019       16,796,245       USD       14,916,365       EUR             (556

UBS AG

    5/6/2019       3,306,216       USD       25,927,984       HKD             (364

 

See Notes to Financial Statements.

 

WisdomTree Trust      27  


Table of Contents

Schedule of Investments (concluded)

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

March 31, 2019

 

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

Amount and

Description of
Currency to

be Purchased

   

Amount and
Description of
Currency to

be Sold

   

Unrealized
Appreciation

   

Unrealized
Depreciation

 

UBS AG

    5/6/2019       1,300,262       USD       11,182,420       NOK     $ 9     $  

UBS AG

    5/6/2019       4,109,692       USD       38,022,439       SEK             (44

UBS AG

    5/6/2019       490,175       USD       663,556       SGD             (20

UBS AG

    5/9/2019       11,382,853       USD       1,256,323,209       JPY             (3,556
                                            $ 4,804,463     $ (320,463

 

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.

 

28   WisdomTree Trust


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
Japan – 99.1%      
Air Freight & Logistics – 0.1%      

AIT Corp.

     63,600      $ 639,534  

Kintetsu World Express, Inc.

     64,400        980,967  
     

 

 

 
Total Air Freight & Logistics

 

     1,620,501  
Airlines – 0.5%

 

Japan Airlines Co., Ltd.

     477,700        16,827,504  
Auto Components – 5.9%

 

Ahresty Corp.(a)

     64,400        368,299  

Aisan Industry Co., Ltd.

     64,200        394,417  

Aisin Seiki Co., Ltd.

     412,008        14,721,883  

Bridgestone Corp.

     1,474,785        56,840,880  

Daido Metal Co., Ltd.(a)

     7,300        46,695  

Daikyonishikawa Corp.

     64,400        591,141  

Denso Corp.

     990,179        38,619,531  

Eagle Industry Co., Ltd.

     98,200        1,072,628  

Exedy Corp.(a)

     64,200        1,390,899  

FCC Co., Ltd.

     64,200        1,357,837  

Futaba Industrial Co., Ltd.

     1,100        5,416  

G-Tekt Corp.

     55,100        761,648  

H-One Co., Ltd.

     64,400        521,321  

Kasai Kogyo Co., Ltd.

     64,900        479,633  

Keihin Corp.

     63,500        1,039,545  

Koito Manufacturing Co., Ltd.

     73,801        4,180,623  

KYB Corp.(a)

     18,700        459,200  

Mitsuba Corp.(a)

     65,000        365,271  

Musashi Seimitsu Industry Co., Ltd.

     87,200        1,181,732  

NGK Spark Plug Co., Ltd.

     207,264        3,846,233  

NHK Spring Co., Ltd.(a)

     225,400        2,024,191  

Nichirin Co., Ltd.

     60,700        973,964  

Nifco, Inc.(a)

     75,390        1,920,764  

Nippon Piston Ring Co., Ltd.

     29,400        417,818  

Nissin Kogyo Co., Ltd.

     131,200        1,644,075  

NOK Corp.(a)

     192,300        2,993,476  

Pacific Industrial Co., Ltd.(a)

     115,900        1,629,312  

Piolax, Inc.(a)

     64,100        1,232,948  

Press Kogyo Co., Ltd.

     29,600        156,979  

Riken Corp.

     33,900        1,540,561  

Sanoh Industrial Co., Ltd.(a)

     64,400        293,825  

Shoei Co., Ltd.(a)

     31,700        1,353,232  

Showa Corp.

     34,100        435,011  

Stanley Electric Co., Ltd.

     85,207        2,290,200  

Sumitomo Electric Industries Ltd.

     1,124,883        14,924,251  

Sumitomo Riko Co., Ltd.

     114,600        960,824  

Sumitomo Rubber Industries Ltd.

     386,291        4,634,724  

T. RAD Co., Ltd.

     20,500        393,016  

Tachi-S Co., Ltd.

     64,400        921,621  

Taiho Kogyo Co., Ltd.

     96,500        789,018  

Tokai Rika Co., Ltd.

     191,314        3,261,594  

Topre Corp.

     64,200        1,198,910  

Toyo Tire Corp.

     173,900        1,971,762  

Toyoda Gosei Co., Ltd.

     125,700        2,661,976  

Toyota Boshoku Corp.

     225,736      3,416,071  

TPR Co., Ltd.

     64,294        1,222,739  

TS Tech Co., Ltd.

     64,932        1,868,441  

Unipres Corp.

     64,900        1,013,797  

Yokohama Rubber Co., Ltd. (The)

     205,300        3,813,496  

Yorozu Corp.

     64,400        841,328  
     

 

 

 
Total Auto Components

 

     191,044,756  
Automobiles – 12.8%

 

Honda Motor Co., Ltd.

     2,744,747        74,269,479  

Isuzu Motors Ltd.

     951,600        12,500,577  

Mazda Motor Corp.

     786,415        8,799,521  

Mitsubishi Motors Corp.

     1,505,001        7,995,126  

Nissan Motor Co., Ltd.(a)

     10,958,404        89,916,633  

Subaru Corp.(a)

     1,750,167        39,886,130  

Suzuki Motor Corp.

     297,936        13,184,176  

Toyota Motor Corp.

     2,693,670        157,869,967  

Yamaha Motor Co., Ltd.

     542,400        10,638,753  
     

 

 

 
Total Automobiles

 

     415,060,362  
Banks – 8.9%

 

Mitsubishi UFJ Financial Group, Inc.

     21,703,522        107,846,023  

Mizuho Financial Group, Inc.

     53,278,844        82,456,213  

Sumitomo Mitsui Financial Group, Inc.

     2,860,300        100,162,830  
     

 

 

 
Total Banks

 

     290,465,066  
Beverages – 1.3%

 

Asahi Group Holdings Ltd.

     330,500        14,720,739  

Kirin Holdings Co., Ltd.

     740,745        17,684,588  

Suntory Beverage & Food Ltd.

     221,600        10,410,805  

Takara Holdings, Inc.

     88,700        1,048,998  
     

 

 

 
Total Beverages

 

     43,865,130  
Building Products – 1.6%

 

AGC, Inc.

     286,247        10,034,227  

Aica Kogyo Co., Ltd.

     64,200        2,140,290  

Central Glass Co., Ltd.

     63,700        1,398,482  

Daikin Industries Ltd.

     173,949        20,383,236  

LIXIL Group Corp.

     474,900        6,341,439  

Nitto Boseki Co., Ltd.

     64,300        1,150,237  

Noritz Corp.

     47,200        736,880  

Okabe Co., Ltd.

     83,800        724,548  

Sanwa Holdings Corp.

     277,831        3,305,809  

TOTO Ltd.

     114,800        4,869,549  
     

 

 

 
Total Building Products

 

     51,084,697  
Capital Markets – 1.1%

 

GCA Corp.

     88,200        627,923  

Monex Group, Inc.(a)

     115,696        400,339  

Nomura Holdings, Inc.

     7,108,745        25,702,848  

SBI Holdings, Inc.

     335,400        7,472,525  
     

 

 

 
Total Capital Markets

 

     34,203,635  
Chemicals – 6.8%

 

ADEKA Corp.

     64,400        944,312  

Arakawa Chemical Industries Ltd.

     61,700        758,673  

Asahi Kasei Corp.

     1,726,722        17,815,571  

 

See Notes to Financial Statements.

 

WisdomTree Trust      29  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

Chugoku Marine Paints Ltd.(a)

     22,900      $ 205,031  

Daicel Corp.

     437,742        4,753,724  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     50,600        1,380,603  

Denka Co., Ltd.

     110,615        3,187,983  

DIC Corp.

     167,853        4,905,854  

Fujimi, Inc.

     64,400        1,407,450  

Fujimori Kogyo Co., Ltd.

     36,300        996,992  

Hitachi Chemical Co., Ltd.(a)

     272,215        6,030,367  

JCU Corp.

     26,600        415,997  

JSP Corp.(a)

     51,000        1,125,654  

JSR Corp.

     295,200        4,576,620  

Kaneka Corp.

     64,200        2,404,201  

Kansai Paint Co., Ltd.(a)

     153,100        2,919,945  

KH Neochem Co., Ltd.

     32,000        771,920  

Kumiai Chemical Industry Co., Ltd.

     27,300        192,631  

Kuraray Co., Ltd.

     450,437        5,729,912  

Kureha Corp.

     58,400        3,276,542  

Lintec Corp.

     64,347        1,391,758  

Mitsubishi Chemical Holdings Corp.

     2,609,963        18,378,327  

Mitsubishi Gas Chemical Co., Inc.

     246,582        3,517,667  

Mitsui Chemicals, Inc.

     321,015        7,746,588  

Moriroku Holdings Co., Ltd.

     65,000        1,530,379  

Nihon Nohyaku Co., Ltd.(a)

     134,300        541,156  

Nihon Parkerizing Co., Ltd.

     71,600        893,989  

Nippon Fine Chemical Co., Ltd.

     64,400        700,525  

Nippon Kayaku Co., Ltd.

     193,100        2,281,924  

Nippon Paint Holdings Co., Ltd.

     150,300        5,906,898  

Nippon Shokubai Co., Ltd.

     64,100        4,181,253  

Nippon Soda Co., Ltd.

     64,200        1,695,991  

Nissan Chemical Corp.

     94,253        4,317,321  

Nitto Denko Corp.

     170,274        8,945,596  

NOF Corp.

     64,400        2,193,504  

Okamoto Industries, Inc.

     34,200        1,727,226  

Osaka Soda Co., Ltd.

     63,700        1,561,926  

Riken Technos Corp.

     180,400        738,322  

Sakata INX Corp.

     80,200        739,795  

Sanyo Chemical Industries Ltd.

     64,400        2,978,976  

Shikoku Chemicals Corp.

     64,900        709,482  

Shin-Etsu Chemical Co., Ltd.

     311,179        26,089,724  

Showa Denko K.K.

     74,931        2,633,434  

Sumitomo Bakelite Co., Ltd.

     64,400        2,306,961  

Sumitomo Chemical Co., Ltd.

     2,957,685        13,761,646  

Sumitomo Seika Chemicals Co., Ltd.

     16,800        617,753  

T Hasegawa Co., Ltd.

     23,400        377,368  

Taiyo Holdings Co., Ltd.

     64,026        2,108,459  

Taiyo Nippon Sanso Corp.(a)

     299,353        4,559,870  

Takasago International Corp.

     26,200        791,788  

Tayca Corp.(a)

     59,600        1,373,624  

Teijin Ltd.

     282,000        4,652,229  

Tokai Carbon Co., Ltd.(a)

     64,300        802,842  

Tokuyama Corp.

     17,800        420,053  

Tokyo Ohka Kogyo Co., Ltd.

     31,000        845,824  

Toray Industries, Inc.

     1,389,618        8,874,924  

Tosoh Corp.

     516,007      8,023,201  

Toyo Ink SC Holdings Co., Ltd.

     127,100        2,853,535  

Toyobo Co., Ltd.

     16,351        209,032  

Ube Industries Ltd.

     122,900        2,526,065  

Zeon Corp.

     128,700        1,302,290  
     

 

 

 
Total Chemicals

 

     221,609,207  
Commercial Services & Supplies – 0.1%

 

Inui Global Logistics Co., Ltd.(a)

     65,000        525,591  

Mitsubishi Pencil Co., Ltd.

     65,000        1,259,656  

Pilot Corp.

     26,800        1,085,946  

Sato Holdings Corp.

     43,900        1,029,628  
     

 

 

 
Total Commercial Services & Supplies

 

     3,900,821  
Construction & Engineering – 0.8%

 

JGC Corp.(a)

     141,300        1,877,872  

Kajima Corp.

     734,400        10,841,664  

Obayashi Corp.

     925,800        9,317,805  

Penta-Ocean Construction Co., Ltd.

     156,200        723,952  

Taikisha Ltd.

     63,700        1,936,581  

Toshiba Plant Systems & Services Corp.

     64,400        1,142,135  
     

 

 

 
Total Construction & Engineering

 

     25,840,009  
Construction Materials – 0.1%

 

Krosaki Harima Corp.

     21,400        1,071,112  

Taiheiyo Cement Corp.

     87,400        2,913,728  
     

 

 

 
Total Construction Materials

 

     3,984,840  
Consumer Finance – 0.0%

 

J Trust Co., Ltd.(a)

     64,900        221,640  
Containers & Packaging – 0.1%

 

Fuji Seal International, Inc.

     64,382        2,326,675  
Electrical Equipment – 1.9%

 

Chiyoda Integre Co., Ltd.

     32,142        596,174  

Daihen Corp.(a)

     50,600        1,300,601  

Denyo Co., Ltd.

     42,100        520,711  

Fuji Electric Co., Ltd.

     129,073        3,661,645  

Fujikura Ltd.(a)

     63,477        239,146  

Furukawa Electric Co., Ltd.

     64,181        1,618,369  

GS Yuasa Corp.(a)

     66,384        1,302,070  

Idec Corp.(a)

     7,800        134,457  

Mabuchi Motor Co., Ltd.

     72,100        2,507,883  

Mitsubishi Electric Corp.

     2,984,914        38,361,478  

Nidec Corp.

     80,758        10,232,922  

Nippon Carbon Co., Ltd.(a)

     6,100        270,597  

Nissin Electric Co., Ltd.

     21,600        198,076  

Sanyo Denki Co., Ltd.

     11,900        426,824  

Tatsuta Electric Wire and Cable Co., Ltd.

     87,600        360,894  
     

 

 

 
Total Electrical Equipment

 

     61,731,847  
Electronic Equipment, Instruments & Components – 4.4%

 

Ai Holdings Corp.

     63,200        1,044,340  

Alps Alpine Co., Ltd.

     120,400        2,512,752  

Amano Corp.

     63,433        1,494,058  

Anritsu Corp.(a)

     63,400        1,174,233  

Canon Electronics, Inc.

     64,200        1,017,363  

 

See Notes to Financial Statements.

 

30   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

Citizen Watch Co., Ltd.

     465,585      $ 2,595,347  

Dexerials Corp.

     30,500        202,259  

ESPEC Corp.

     55,100        1,026,980  

Excel Co., Ltd.

     37,900        801,247  

Hakuto Co., Ltd.

     64,019        678,451  

Hamamatsu Photonics K.K.

     64,300        2,486,371  

Hirose Electric Co., Ltd.(a)

     64,360        6,762,495  

Hitachi High-Technologies Corp.

     128,719        5,273,891  

Hitachi Ltd.

     950,205        30,776,392  

Horiba Ltd.

     64,900        3,606,044  

Ibiden Co., Ltd.(a)

     126,501        1,922,344  

Iriso Electronics Co., Ltd.(a)

     25,800        1,179,455  

Japan Aviation Electronics Industry Ltd.

     49,800        693,335  

Kaga Electronics Co., Ltd.

     62,800        1,152,908  

Keyence Corp.

     13,120        8,175,330  

Koa Corp.

     9,100        122,419  

Kyosan Electric Manufacturing Co., Ltd.

     64,400        211,205  

Macnica Fuji Electronics Holdings, Inc.(a)

     63,700        869,016  

Marubun Corp.

     64,300        370,051  

Murata Manufacturing Co., Ltd.

     532,468        26,516,363  

Nippon Electric Glass Co., Ltd.

     158,360        4,199,183  

Oki Electric Industry Co., Ltd.

     60,730        717,666  

Omron Corp.

     151,300        7,080,761  

Optex Group Co., Ltd.

     48,000        765,415  

Osaki Electric Co., Ltd.

     64,900        403,994  

Riken Keiki Co., Ltd.

     38,300        738,422  

Ryoden Corp.

     50,400        668,448  

Ryosan Co., Ltd.(a)

     64,245        1,722,719  

Sanshin Electronics Co., Ltd.(a)

     64,354        1,101,201  

Satori Electric Co., Ltd.

     64,400        546,921  

Shimadzu Corp.

     132,600        3,833,582  

Siix Corp.(a)

     48,100        728,334  

Sumida Corp.(a)

     64,400        908,821  

Taiyo Yuden Co., Ltd.(a)

     63,500        1,248,945  

TDK Corp.

     72,768        5,699,946  

Topcon Corp.

     35,500        418,873  

UKC Holdings Corp.(a)

     64,300        1,189,159  

Vitec Holdings Co., Ltd.

     66,400        1,227,997  

Yaskawa Electric Corp.(a)

     127,300        3,996,635  

Yokogawa Electric Corp.

     195,338        4,043,180  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     143,904,851  
Energy Equipment & Services – 0.1%

 

Modec, Inc.

     64,400        1,832,769  
Entertainment – 1.5%

 

Capcom Co., Ltd.

     73,900        1,655,798  

GungHo Online Entertainment, Inc.(a)

     548,100        1,995,612  

Koei Tecmo Holdings Co., Ltd.

     144,640        2,788,650  

Konami Holdings Corp.

     87,600        3,802,846  

Nintendo Co., Ltd.

     118,600        33,816,832  

Square Enix Holdings Co., Ltd.(a)

     74,300        2,604,544  

Toei Animation Co., Ltd.

     34,000        1,677,192  
     

 

 

 
Total Entertainment

 

     48,341,474  
Food & Staples Retailing – 1.0%

 

Ministop Co., Ltd.

     64,200      994,162  

Nishimoto Co., Ltd.

     17,400        682,260  

Seven & I Holdings Co., Ltd.

     856,124        32,300,437  
     

 

 

 
Total Food & Staples Retailing

 

     33,976,859  
Food Products – 0.9%

 

Ajinomoto Co., Inc.

     438,913        7,014,836  

Ariake Japan Co., Ltd.

     12,300        657,867  

Fuji Oil Holdings, Inc.

     64,300        2,201,716  

Kagome Co., Ltd.

     21,500        604,102  

Kikkoman Corp.(a)

     69,300        3,399,729  

Nippon Suisan Kaisha Ltd.

     192,300        1,468,071  

Nisshin Oillio Group Ltd. (The)

     63,481        1,875,438  

Nissin Foods Holdings Co., Ltd.

     64,300        4,415,052  

Sakata Seed Corp.

     60,439        2,055,860  

Toyo Suisan Kaisha Ltd.

     71,600        2,726,602  

Yakult Honsha Co., Ltd.

     63,687        4,453,516  
     

 

 

 
Total Food Products

 

     30,872,789  
Health Care Equipment & Supplies – 1.4%

 

Asahi Intecc Co., Ltd.

     40,800        1,916,791  

Hoya Corp.

     232,657        15,363,328  

Jeol Ltd.

     77,500        1,394,769  

Nakanishi, Inc.

     64,200        1,254,593  

Nihon Kohden Corp.

     64,100        1,905,308  

Nikkiso Co., Ltd.

     34,300        400,376  

Nipro Corp.

     195,000        2,517,550  

Olympus Corp.

     480,800        5,221,318  

Sysmex Corp.

     69,660        4,210,375  

Terumo Corp.

     324,412        9,906,605  
     

 

 

 
Total Health Care Equipment & Supplies

 

     44,091,013  
Health Care Providers & Services – 0.1%

 

Miraca Holdings, Inc.

     73,700        1,828,434  
Health Care Technology – 0.0%

 

M3, Inc.

     70,100        1,176,092  
Hotels, Restaurants & Leisure – 0.0%

 

Saizeriya Co., Ltd.

     4,800        92,457  
Household Durables – 2.0%

 

Casio Computer Co., Ltd.(a)

     387,457        5,058,277  

Foster Electric Co., Ltd.

     12,996        195,142  

Fujitsu General Ltd.

     64,400        911,148  

Nikon Corp.(a)

     430,200        6,067,147  

Panasonic Corp.

     2,479,470        21,375,166  

Rinnai Corp.

     60,800        4,301,071  

Sekisui Chemical Co., Ltd.

     542,400        8,717,799  

Sharp Corp.(a)

     77,800        856,127  

Sony Corp.

     333,300        13,987,248  

Sumitomo Forestry Co., Ltd.

     201,600        2,799,469  

Tamron Co., Ltd.

     65,000        1,185,662  

Toa Corp.

     64,900        654,365  

Zojirushi Corp.(a)

     17,400        180,783  
     

 

 

 
Total Household Durables

 

     66,289,404  

 

See Notes to Financial Statements.

 

WisdomTree Trust      31  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2019

 

 

 

Investments    Shares      Value  
Household Products – 0.4%

 

Lion Corp.

     120,300      $ 2,532,403  

Pigeon Corp.

     70,500        2,882,165  

Unicharm Corp.

     183,100        6,059,496  
     

 

 

 
Total Household Products

 

     11,474,064  
Independent Power & Renewable Electricity Producers – 0.2%

 

Electric Power Development Co., Ltd.

     245,900        5,989,487  
Industrial Conglomerates – 0.1%

 

Nisshinbo Holdings, Inc.

     192,924        1,685,481  
Insurance – 2.4%

 

Dai-ichi Life Holdings, Inc.

     1,546,700        21,491,842  

Tokio Marine Holdings, Inc.

     1,148,000        55,613,462  
     

 

 

 
Total Insurance

 

     77,105,304  
Internet & Direct Marketing Retail – 0.1%

 

Rakuten, Inc.

     457,200        4,328,912  
IT Services – 0.7%

 

Fujitsu Ltd.

     179,532        12,953,359  

NTT Data Corp.

     851,000        9,387,641  
     

 

 

 
Total IT Services

 

     22,341,000  
Leisure Products – 1.0%

 

Bandai Namco Holdings, Inc.

     314,600        14,751,538  

Mizuno Corp.(a)

     57,700        1,337,132  

Shimano, Inc.

     64,100        10,424,177  

Yamaha Corp.

     91,207        4,556,848  
     

 

 

 
Total Leisure Products

 

     31,069,695  
Machinery – 8.0%

 

Aida Engineering Ltd.

     64,400        464,301  

Amada Holdings Co., Ltd.

     746,193        7,382,042  

Anest Iwata Corp.

     64,400        565,540  

Asahi Diamond Industrial Co., Ltd.

     7,200        49,698  

Bando Chemical Industries Ltd.

     63,700        610,613  

CKD Corp.

     3,800        34,263  

Daifuku Co., Ltd.(a)

     83,300        4,334,896  

DMG Mori Co., Ltd.

     176,200        2,179,318  

Ebara Corp.

     64,031        1,804,912  

FANUC Corp.

     272,089        46,411,350  

Fujitec Co., Ltd.(a)

     64,400        712,743  

Furukawa Co., Ltd.

     64,400        810,491  

Glory Ltd.

     64,900        1,557,342  

Harmonic Drive Systems, Inc.(a)

     22,000        753,309  

Hino Motors Ltd.

     657,710        5,538,110  

Hitachi Construction Machinery Co., Ltd.(a)

     260,500        6,912,305  

Hitachi Zosen Corp.

     64,900        199,359  

Hokuetsu Industries Co., Ltd.

     64,400        670,852  

Hoshizaki Corp.

     37,069        2,297,451  

IHI Corp.

     119,200        2,863,557  

Iseki & Co., Ltd.

     64,300        946,331  

Japan Steel Works Ltd. (The)

     38,200        703,707  

JTEKT Corp.

     477,878        5,880,380  

Juki Corp.

     64,200        638,027  

Kawasaki Heavy Industries Ltd.

     148,351        3,659,016  

Kito Corp.

     64,100      967,711  

Kitz Corp.(a)

     112,100        821,368  

Komatsu Ltd.

     1,289,406        29,944,601  

Kubota Corp.

     1,147,702        16,585,349  

Kurita Water Industries Ltd.

     91,100        2,326,781  

Makino Milling Machine Co., Ltd.

     40,800        1,680,878  

Makita Corp.

     173,838        6,054,529  

Max Co., Ltd.

     64,400        947,221  

Meidensha Corp.

     64,400        882,638  

MINEBEA MITSUMI, Inc.

     321,601        4,831,933  

MISUMI Group, Inc.(a)

     88,400        2,197,920  

Mitsubishi Heavy Industries Ltd.

     518,819        21,552,421  

Mitsuboshi Belting Ltd.

     73,500        1,307,508  

Miura Co., Ltd.

     55,600        1,281,435  

Nabtesco Corp.

     133,400        3,886,841  

Nachi-Fujikoshi Corp.

     49,400        1,986,087  

NGK Insulators Ltd.

     358,875        5,213,633  

Nissei ASB Machine Co., Ltd.(a)

     31,500        1,077,179  

Nitta Corp.

     50,400        1,639,247  

Nitto Kohki Co., Ltd.

     58,200        1,148,383  

NSK Ltd.

     987,666        9,253,373  

NTN Corp.(a)

     902,100        2,673,251  

Obara Group, Inc.

     47,000        1,556,263  

Oiles Corp.(a)

     64,400        1,027,514  

OKUMA Corp.(a)

     64,000        3,463,523  

Organo Corp.

     27,500        778,900  

OSG Corp.

     86,924        1,676,675  

Ryobi Ltd.

     64,900        1,456,490  

Shibuya Corp.

     25,100        741,537  

Shima Seiki Manufacturing Ltd.(a)

     44,400        1,363,870  

Shinmaywa Industries Ltd.

     44,200        549,480  

SMC Corp.

     46,851        17,578,913  

Sodick Co., Ltd.(a)

     9,800        81,722  

Star Micronics Co., Ltd.

     46,300        704,843  

Sumitomo Heavy Industries Ltd.

     141,737        4,590,750  

Tadano Ltd.(a)

     13,700        130,087  

Takeuchi Manufacturing Co., Ltd.

     12,800        225,158  

THK Co., Ltd.

     125,179        3,092,012  

Toshiba Machine Co., Ltd.(a)

     42,500        855,107  

Tsubaki Nakashima Co., Ltd.(a)

     64,900        1,165,075  

Tsubakimoto Chain Co.

     64,400        2,298,234  

Tsugami Corp.

     26,000        200,136  

Union Tool Co.

     35,700        942,775  

YAMABIKO Corp.

     65,000        624,249  

Yushin Precision Equipment Co., Ltd.(a)

     64,400        584,740  
     

 

 

 
Total Machinery

 

     261,928,253  
Marine – 0.1%

 

Iino Kaiun Kaisha Ltd.

     264,800        892,356  

Nippon Yusen K.K.(a)

     89,800        1,315,947  

NS United Kaiun Kaisha Ltd.

     64,900        1,389,060  
     

 

 

 
Total Marine

 

     3,597,363  
Media – 0.3%

 

Dentsu, Inc.

     266,400        11,251,931  

 

See Notes to Financial Statements.

 

32   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2019

 

 

 

Investments    Shares      Value  
Metals & Mining – 2.7%

 

Aichi Steel Corp.

     33,000      $ 1,024,123  

Daido Steel Co., Ltd.(a)

     64,900        2,559,412  

Daiki Aluminium Industry Co., Ltd.(a)

     62,200        373,138  

Dowa Holdings Co., Ltd.(a)

     81,000        2,663,776  

Hitachi Metals Ltd.

     481,318        5,592,221  

JFE Holdings, Inc.

     1,169,362        19,845,928  

Kobe Steel Ltd.

     540,200        4,055,709  

Kyoei Steel Ltd.

     64,100        913,853  

Maruichi Steel Tube Ltd.

     64,300        1,873,492  

Mitsubishi Materials Corp.

     192,200        5,073,934  

Mitsui Mining & Smelting Co., Ltd.(a)

     27,800        713,052  

Nippon Light Metal Holdings Co., Ltd.

     96,500        211,858  

Nippon Steel & Sumitomo Metal Corp.

     1,654,532        29,208,615  

Sanyo Special Steel Co., Ltd.

     64,300        1,318,125  

Sumitomo Metal Mining Co., Ltd.

     343,200        10,139,260  

Topy Industries Ltd.

     53,300        1,066,145  

UACJ Corp.(a)

     63,400        1,187,980  
     

 

 

 
Total Metals & Mining               87,820,621  
Multiline Retail - 0.2%      

Ryohin Keikaku Co., Ltd.

     23,400        5,927,958  
Oil, Gas & Consumable Fuels - 0.2%      

Idemitsu Kosan Co., Ltd.

     234,900        7,862,895  
Paper & Forest Products - 0.1%      

Hokuetsu Corp.

     28,700        167,764  

Oji Holdings Corp.

     742,500        4,608,551  
     

 

 

 
Total Paper & Forest Products               4,776,315  
Personal Products - 1.1%      

Kao Corp.

     332,780        26,211,104  

Kose Corp.

     26,500        4,867,371  

Mandom Corp.

     50,800        1,306,201  

Shiseido Co., Ltd.

     64,322        4,641,458  
     

 

 

 
Total Personal Products               37,026,134  
Pharmaceuticals - 7.9%      

Astellas Pharma, Inc.

     2,246,504        33,661,534  

Chugai Pharmaceutical Co., Ltd.

     309,800        21,299,887  

Daiichi Sankyo Co., Ltd.

     662,721        30,535,999  

Eisai Co., Ltd.

     293,777        16,490,369  

Hisamitsu Pharmaceutical Co., Inc.(a)

     64,300        2,956,923  

Kyowa Hakko Kirin Co., Ltd.

     328,770        7,158,474  

Mitsubishi Tanabe Pharma Corp.

     1,049,300        14,021,003  

Ono Pharmaceutical Co., Ltd.

     516,800        10,127,291  

Otsuka Holdings Co., Ltd.

     545,300        21,425,755  

Rohto Pharmaceutical Co., Ltd.

     43,600        1,119,494  

Santen Pharmaceutical Co., Ltd.

     255,900        3,812,433  

Shionogi & Co., Ltd.

     242,877        15,035,400  

Sumitomo Dainippon Pharma Co., Ltd.

     242,800        6,003,917  

Takeda Pharmaceutical Co., Ltd.

     1,754,063        71,645,831  

ZERIA Pharmaceutical Co., Ltd.

     64,300        1,111,315  
     

 

 

 
Total Pharmaceuticals               256,405,625  
Professional Services - 0.6%      

Outsourcing, Inc.(a)

     47,400      584,979  

Recruit Holdings Co., Ltd.

     646,200        18,454,517  
     

 

 

 
Total Professional Services               19,039,496  
Road & Rail - 0.2%      

Hitachi Transport System Ltd.

     64,400        1,911,316  

Nippon Express Co., Ltd.

     65,000        3,617,473  
     

 

 

 
Total Road & Rail               5,528,789  
Semiconductors & Semiconductor Equipment - 1.9%

 

  

Advantest Corp.

     140,200        3,259,110  

Disco Corp.(a)

     57,800        8,235,136  

Lasertec Corp.

     33,900        1,416,520  

MegaChips Corp.(a)

     7,900        121,264  

NuFlare Technology, Inc.

     18,200        1,009,604  

Optorun Co., Ltd.

     9,100        175,858  

SCREEN Holdings Co., Ltd.(a)

     29,460        1,187,077  

Shinko Electric Industries Co., Ltd.(a)

     12,959        99,284  

SUMCO Corp.

     184,600        2,053,057  

Tokyo Electron Ltd.(a)

     291,053        42,072,982  

Tokyo Seimitsu Co., Ltd.

     65,200        1,658,790  

Ulvac, Inc.(a)

     20,400        589,782  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     61,878,464  
Software - 0.3%      

Trend Micro, Inc.

     174,208        8,483,364  
Specialty Retail - 0.9%      

ABC-Mart, Inc.

     64,400        3,834,269  

Fast Retailing Co., Ltd.

     48,500        22,798,527  

Sanrio Co., Ltd.(a)

     97,200        2,319,241  

VT Holdings Co., Ltd.(a)

     192,400        724,857  
     

 

 

 
Total Specialty Retail               29,676,894  
Technology Hardware, Storage & Peripherals - 4.8%

 

  

Brother Industries Ltd.

     325,843        6,029,060  

Canon, Inc.

     3,040,797        88,269,239  

FUJIFILM Holdings Corp.

     470,995        21,421,049  

Konica Minolta, Inc.

     752,238        7,401,068  

Maxell Holdings Ltd.

     6,400        90,780  

MCJ Co., Ltd.

     59,800        437,080  

NEC Corp.

     318,300        10,769,603  

Ricoh Co., Ltd.(a)

     575,578        6,016,567  

Riso Kagaku Corp.

     64,900        1,026,110  

Roland DG Corp.

     61,100        1,286,200  

Seiko Epson Corp.(a)

     668,800        10,241,821  

Toshiba TEC Corp.

     64,100        1,780,797  

Wacom Co., Ltd.(a)

     46,200        194,509  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     154,963,883  
Textiles, Apparel & Luxury Goods - 0.3%      

Asics Corp.

     193,192        2,591,951  

Descente Ltd.(a)

     67,681        1,773,275  

Gunze Ltd.(a)

     24,100        974,364  

Kurabo Industries Ltd.

     17,947        329,316  

Onward Holdings Co., Ltd.

     18,800        99,363  

 

WisdomTree Trust      33  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2019

 

 

 

Investments    Shares      Value  

Seiko Holdings Corp.(a)

     64,900      $ 1,545,029  

Seiren Co., Ltd.(a)

     64,210        948,487  

Wacoal Holdings Corp.

     64,400        1,601,200  
     

 

 

 
Total Textiles, Apparel & Luxury Goods               9,862,985  
Tobacco – 3.6%      

Japan Tobacco, Inc.

     4,747,431        117,736,803  
Trading Companies & Distributors – 6.7%      

Alconix Corp.(a)

     64,400        665,033  

Daiichi Jitsugyo Co., Ltd.

     30,000        865,971  

Hanwa Co., Ltd.(a)

     64,200        1,789,375  

Inabata & Co., Ltd.

     64,386        875,466  

ITOCHU Corp.

     2,916,094        52,757,630  

Japan Pulp & Paper Co., Ltd.

     25,800        967,340  

Marubeni Corp.

     3,305,878        22,848,594  

Mitsubishi Corp.

     2,919,100        81,070,727  

Nagase & Co., Ltd.

     193,100        2,772,154  

Nippon Steel & Sumikin Bussan Corp.

     64,200        2,610,110  

Sanyo Trading Co., Ltd.(a)

     33,100        559,517  

Shinsho Corp.

     32,500        758,142  

Sojitz Corp.

     1,774,021        6,250,785  

Sumitomo Corp.

     2,198,877        30,414,968  

Toyota Tsusho Corp.

     441,510        14,379,939  
     

 

 

 
Total Trading Companies & Distributors               219,585,751  
Transportation Infrastructure – 0.0%      

Nissin Corp.

     63,500        1,063,066  
Wireless Telecommunication Services – 0.9%

 

 

SoftBank Group Corp.

    316,100     30,686,132  

TOTAL COMMON STOCKS

(Cost: $3,537,893,698)

            3,225,289,497  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.2%

 

United States – 3.2%    

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(b)

   
(Cost: $102,390,479)(c)     102,390,479       102,390,479  

TOTAL INVESTMENTS IN SECURITIES – 102.3%

(Cost: $3,640,284,177)

 

 

    3,327,679,976  

Other Assets less Liabilities – (2.3)%

      (73,263,005
   

 

 

 
NET ASSETS – 100.0%           $ 3,254,416,971  

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b)

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(c) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $212,957,582 and the total market value of the collateral held by the Fund was $224,694,989. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $122,304,510.

 

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.

    4/3/2019       6,498,280,454       JPY       58,906,750       USD     $     $ (192,512

Bank of America N.A.

    4/3/2019       23,819,583,267       JPY       214,919,997       USD       298,272        

Bank of America N.A.

    4/3/2019       207,761,546       USD       23,026,606,890       JPY             (291,904

Bank of America N.A.

    5/9/2019       210,629,570       USD       23,279,601,531       JPY             (359,971

Bank of Montreal

    4/3/2019       23,813,135,667       JPY       214,919,997       USD       240,016        

Bank of Montreal

    4/3/2019       207,761,546       USD       23,030,679,016       JPY             (328,697

Bank of Montreal

    5/9/2019       210,629,570       USD       23,273,240,518       JPY             (302,319

Barclays Bank PLC

    4/3/2019       23,804,775,279       JPY       214,919,997       USD       164,477        

Barclays Bank PLC

    4/3/2019       207,761,546       USD       23,049,772,302       JPY             (501,212

Barclays Bank PLC

    5/9/2019       210,629,570       USD       23,265,047,028       JPY             (228,059

Canadian Imperial Bank of Commerce

    4/3/2019       23,802,389,667       JPY       214,919,997       USD       142,922        

Canadian Imperial Bank of Commerce

    4/3/2019       207,761,546       USD       23,057,895,778       JPY             (574,610

Canadian Imperial Bank of Commerce

    5/9/2019       210,629,570       USD       23,263,193,488       JPY             (211,260

Citibank N.A.

    4/2/2019       1,375,752       USD       152,466,339       JPY             (1,728

Citibank N.A.

    4/3/2019       1,143,713,973       JPY       10,244,652       USD       89,204        

Citibank N.A.

    4/3/2019       1,425,604,793       JPY       12,805,815       USD       75,023        

Citibank N.A.

    4/3/2019       2,528,345,794       JPY       23,050,467       USD             (205,978

Citibank N.A.

    4/3/2019       1,408,938,025       JPY       12,805,815       USD             (75,567

Citibank N.A.

    4/3/2019       23,802,002,811       JPY       214,919,997       USD       139,427        

Citibank N.A.

    4/3/2019       207,761,546       USD       23,073,270,133       JPY             (713,523

Citibank N.A.

    5/9/2019       210,629,570       USD       23,262,730,103       JPY             (207,060

Commonwealth Bank of Australia

    4/3/2019       23,810,986,467       JPY       214,919,997       USD       220,597        

Commonwealth Bank of Australia

    4/3/2019       207,761,546       USD       23,070,008,277       JPY             (684,051

 

See Notes to Financial Statements.

 

34   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2019

 

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

Amount and

Description of
Currency to

be Purchased

   

Amount and

Description of
Currency to

be Sold

    Unrealized
Appreciation
    Unrealized
Depreciation
 

Commonwealth Bank of Australia

    5/9/2019       210,629,570       USD       23,271,302,726       JPY     $     $ (284,756

Credit Suisse International

    4/3/2019       23,806,731,051       JPY       214,919,997       USD       182,148        

Credit Suisse International

    4/3/2019       207,761,546       USD       23,056,483,000       JPY             (561,845

Credit Suisse International

    5/9/2019       210,629,570       USD       23,267,553,520       JPY             (250,776

Goldman Sachs

    4/1/2019       1,046,085       USD       115,705,369       JPY       728        

Goldman Sachs

    4/3/2019       23,821,796,943       JPY       214,919,997       USD       318,274        

Goldman Sachs

    4/3/2019       207,761,546       USD       23,073,727,208       JPY             (717,653

Goldman Sachs

    5/9/2019       210,629,570       USD       23,282,592,471       JPY             (387,079

HSBC Holdings PLC

    4/3/2019       23,813,135,667       JPY       214,919,997       USD       240,016        

HSBC Holdings PLC

    4/3/2019       207,761,546       USD       23,085,424,183       JPY             (823,339

HSBC Holdings PLC

    5/9/2019       210,629,570       USD       23,273,198,392       JPY             (301,937

JP Morgan Chase Bank N.A.

    4/3/2019       23,829,684,507       JPY       214,919,997       USD       389,541        

JP Morgan Chase Bank N.A.

    4/3/2019       207,761,546       USD       23,092,217,986       JPY             (884,724

JP Morgan Chase Bank N.A.

    5/9/2019       210,629,570       USD       23,289,311,554       JPY             (447,975

Morgan Stanley & Co. International

    4/3/2019       23,821,947,387       JPY       214,919,997       USD       319,633        

Morgan Stanley & Co. International

    4/3/2019       207,761,546       USD       23,073,955,746       JPY             (719,718

Morgan Stanley & Co. International

    5/9/2019       210,629,570       USD       23,282,803,101       JPY             (388,988

Royal Bank of Canada

    4/3/2019       23,819,798,187       JPY       214,919,997       USD       300,214        

Royal Bank of Canada

    4/3/2019       207,761,546       USD       23,091,449,268       JPY             (877,778

Royal Bank of Canada

    5/9/2019       210,629,570       USD       23,279,727,909       JPY             (361,116

Societe Generale

    4/3/2019       23,828,180,067       JPY       214,919,997       USD       375,947        

Societe Generale

    4/3/2019       207,761,546       USD       23,083,242,687       JPY             (803,629

Societe Generale

    5/9/2019       210,629,570       USD       23,288,258,407       JPY             (438,430

Standard Chartered Bank

    4/3/2019       23,826,030,867       JPY       214,919,997       USD       356,529        

Standard Chartered Bank

    4/3/2019       207,761,546       USD       23,080,126,264       JPY             (775,471

Standard Chartered Bank

    5/9/2019       210,629,570       USD       23,285,941,481       JPY             (417,432

State Street Bank and Trust

    4/3/2019       23,821,839,927       JPY       214,919,997       USD       318,662        

State Street Bank and Trust

    4/3/2019       207,761,546       USD       23,073,103,924       JPY             (712,021

State Street Bank and Trust

    5/9/2019       210,629,570       USD       23,281,728,890       JPY             (379,252

UBS AG

    4/3/2019       4,266,176,701       JPY       38,417,446       USD       128,953        

UBS AG

    4/3/2019       9,167,264,423       JPY       82,661,544       USD       167,898        

UBS AG

    4/3/2019       207,761,546       USD       23,071,088,637       JPY             (693,813

UBS AG

    5/9/2019       81,011,377       USD       8,959,542,351       JPY             (191,462

Wells Fargo Bank N.A.

    4/3/2019       138,507,708       USD       15,394,439,205       JPY             (586,437
                                            $ 4,468,481     $ (16,884,082

 

CURRENCY LEGEND
JPY   Japanese yen
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      35  


Table of Contents

Schedule of Investments

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.0%      
Japan – 99.0%      
Air Freight & Logistics – 0.3%      

Kintetsu World Express, Inc.

     5,000      $ 76,162  

Konoike Transport Co., Ltd.

     6,200        102,563  

Maruwa Unyu Kikan Co., Ltd.(a)

     1,600        54,786  

SBS Holdings, Inc.

     2,800        47,078  
     

 

 

 
Total Air Freight & Logistics

 

     280,589  
Auto Components – 5.9%      

Ahresty Corp.(a)

     5,200        29,738  

Aisan Industry Co., Ltd.

     9,400        57,749  

Daido Metal Co., Ltd.(a)

     7,600        48,614  

Daikyonishikawa Corp.

     6,800        62,419  

Eagle Industry Co., Ltd.(a)

     7,300        79,737  

Exedy Corp.(a)

     6,700        145,156  

FCC Co., Ltd.

     4,500        95,176  

Futaba Industrial Co., Ltd.(a)

     8,100        39,883  

G-Tekt Corp.

     5,998        82,910  

H-One Co., Ltd.

     3,800        30,761  

IJT Technology Holdings Co., Ltd.(a)

     6,400        33,594  

Imasen Electric Industrial

     5,200        47,027  

Kasai Kogyo Co., Ltd.(a)

     5,800        42,864  

Keihin Corp.

     9,000        147,337  

KYB Corp.(a)

     3,500        85,947  

Mitsuba Corp.(a)

     2,800        15,735  

Musashi Seimitsu Industry Co., Ltd.

     6,400        86,733  

NHK Spring Co., Ltd.(a)

     27,400        246,064  

Nichirin Co., Ltd.

     1,900        30,487  

Nifco, Inc.(a)

     10,000        254,777  

Nihon Tokushu Toryo Co., Ltd.(a)

     1,800        18,751  

Nippon Piston Ring Co., Ltd.

     1,000        14,212  

Nissin Kogyo Co., Ltd.

     8,700        109,020  

NOK Corp.(a)

     24,100        375,157  

Pacific Industrial Co., Ltd.(a)

     5,500        77,319  

Piolax, Inc.(a)

     3,200        61,551  

Press Kogyo Co., Ltd.

     11,500        60,988  

Riken Corp.

     1,700        77,255  

Sanoh Industrial Co., Ltd.(a)

     8,700        39,694  

Shoei Co., Ltd.(a)

     1,900        81,109  

Showa Corp.

     4,400        56,130  

Sumitomo Riko Co., Ltd.

     8,400        70,427  

T. RAD Co., Ltd.

     1,300        24,923  

Tachi-S Co., Ltd.

     2,100        30,053  

Taiho Kogyo Co., Ltd.

     4,600        37,611  

Tokai Rika Co., Ltd.

     15,725        268,086  

Topre Corp.(a)

     5,800        108,313  

Toyo Tire Corp.

     18,200        206,360  

Toyoda Gosei Co., Ltd.

     13,600        288,010  

Toyota Boshoku Corp.

     27,100        410,105  

TPR Co., Ltd.

     2,906        55,266  

TS Tech Co., Ltd.

     6,900        198,550  

Unipres Corp.

     7,000        109,346  

Yokohama Rubber Co., Ltd. (The)

     24,000        445,806  
Investments    Shares      Value  

Yorozu Corp.(a)

     3,900      $ 50,950  
     

 

 

 
Total Auto Components

 

     4,937,700  
Banks – 5.8%      

77 Bank Ltd. (The)

     8,400        117,403  

Akita Bank Ltd. (The)(a)

     2,800        56,842  

Aomori Bank Ltd. (The)

     1,200        31,809  

Awa Bank Ltd. (The)

     3,000        76,270  

Bank of Nagoya Ltd. (The)

     1,000        32,254  

Bank of Okinawa Ltd. (The)

     1,340        41,707  

Bank of Saga Ltd. (The)

     3,100        53,382  

Bank of the Ryukyus Ltd.(a)

     6,200        63,185  

Chugoku Bank Ltd. (The)

     15,500        145,498  

Chukyo Bank Ltd. (The)

     2,500        51,294  

Daishi Hokuetsu Financial Group, Inc.

     5,200        146,813  

Ehime Bank Ltd. (The)(a)

     3,100        31,872  

FIDEA Holdings Co., Ltd.(a)

     54,900        64,976  

First Bank of Toyama Ltd. (The)

     5,200        17,336  

Fukui Bank Ltd. (The)

     1,000        15,305  

Gunma Bank Ltd. (The)

     53,300        201,768  

Hachijuni Bank Ltd. (The)

     74,900        310,603  

Hiroshima Bank Ltd. (The)(a)

     40,600        206,879  

Hokkoku Bank Ltd. (The)

     3,100        97,186  

Hokuhoku Financial Group, Inc.(a)

     21,500        223,964  

Hyakugo Bank Ltd. (The)

     26,300        83,639  

Hyakujushi Bank Ltd. (The)

     3,300        68,334  

Iyo Bank Ltd. (The)(a)

     33,700        178,418  

Jimoto Holdings, Inc.(a)

     43,400        45,484  

Juroku Bank Ltd. (The)

     6,400        129,983  

Keiyo Bank Ltd. (The)

     16,700        97,468  

Kiyo Bank Ltd. (The)(a)

     6,298        87,797  

Kyushu Financial Group, Inc.(a)

     61,100        248,408  

Michinoku Bank Ltd. (The)

     3,800        55,205  

Miyazaki Bank Ltd. (The)

     1,700        42,529  

Musashino Bank Ltd. (The)

     3,700        73,843  

Nanto Bank Ltd. (The)

     5,200        97,390  

Nishi-Nippon Financial Holdings, Inc.

     24,000        203,822  

North Pacific Bank Ltd.

     72,300        180,938  

Ogaki Kyoritsu Bank Ltd. (The)

     6,500        135,068  

Oita Bank Ltd. (The)

     1,000        31,260  

San-In Godo Bank Ltd. (The)(a)

     25,000        179,338  

Senshu Ikeda Holdings, Inc.

     57,700        148,049  

Shiga Bank Ltd. (The)(a)

     3,100        73,884  

Shikoku Bank Ltd. (The)

     4,400        41,343  

Suruga Bank Ltd.*(a)

     23,500        108,917  

Tochigi Bank Ltd. (The)

     14,700        31,210  

Toho Bank Ltd. (The)(a)

     32,500        86,913  

Tokyo Kiraboshi Financial Group, Inc.(a)

     3,500        49,487  

TOMONY Holdings, Inc.

     18,300        69,606  

Towa Bank Ltd. (The)(a)

     5,200        33,450  

Yamagata Bank Ltd. (The)

     1,300        23,138  

Yamaguchi Financial Group, Inc.

     23,900        202,541  

Yamanashi Chuo Bank Ltd. (The)

     2,900        35,921  
     

 

 

 
Total Banks

 

     4,829,729  

 

See Notes to Financial Statements.

 

36   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Beverages – 0.5%

 

Ito En Ltd.

     3,400      $ 176,627  

Sapporo Holdings Ltd.

     5,000        109,184  

Takara Holdings, Inc.

     12,600        149,012  
     

 

 

 
Total Beverages               434,823  
Building Products – 2.1%      

Aica Kogyo Co., Ltd.(a)

     7,300        243,366  

Bunka Shutter Co., Ltd.

     7,800        56,517  

Central Glass Co., Ltd.

     4,100        90,012  

Komatsu Wall Industry Co., Ltd.

     1,900        32,375  

Kondotec, Inc.

     6,100        55,442  

Nichias Corp.

     7,300        144,569  

Nichiha Corp.

     2,300        63,378  

Nitto Boseki Co., Ltd.

     3,000        53,666  

Noritz Corp.

     3,800        59,325  

Okabe Co., Ltd.

     9,300        80,409  

Sankyo Tateyama, Inc.

     3,100        41,675  

Sanwa Holdings Corp.

     29,700        353,389  

Shin Nippon Air Technologies Co., Ltd.

     4,200        73,387  

Sinko Industries Ltd.

     2,900        39,222  

Takara Standard Co., Ltd.

     7,317        112,051  

Takasago Thermal Engineering Co., Ltd.

     11,500        185,147  

Toli Corp.

     13,000        31,242  
     

 

 

 
Total Building Products               1,715,172  
Capital Markets – 2.7%      

GCA Corp.

     11,500        81,872  

GMO Financial Holdings, Inc.

     22,000        128,202  

Ichiyoshi Securities Co., Ltd.

     13,600        95,348  

IwaiCosmo Holdings, Inc.

     9,400        104,968  

kabu.com Securities Co., Ltd.

     62,400        313,452  

Kyokuto Securities Co., Ltd.(a)

     7,600        70,586  

Marusan Securities Co., Ltd.(a)

     26,200        154,807  

Matsui Securities Co., Ltd.(a)

     61,900        582,733  

Mito Securities Co., Ltd.

     26,500        49,320  

Monex Group, Inc.(a)

     25,665        88,808  

Okasan Securities Group, Inc.(a)

     51,600        191,603  

Sparx Group Co., Ltd.(a)

     34,400        72,725  

Tokai Tokyo Financial Holdings, Inc.(a)

     75,400        273,166  

Toyo Securities Co., Ltd.

     31,000        39,770  
     

 

 

 
Total Capital Markets               2,247,360  
Chemicals – 7.3%      

Achilles Corp.(a)

     3,100        53,466  

ADEKA Corp.(a)

     11,800        173,026  

Arakawa Chemical Industries Ltd.(a)

     3,600        44,266  

Asahi Yukizai Corp.

     3,000        44,125  

C.I. Takiron Corp.

     13,500        73,181  

Chugoku Marine Paints Ltd.(a)

     10,500        94,010  

Dai Nippon Toryo Co., Ltd.

     5,100        50,961  

Dainichiseika Color & Chemicals
Manufacturing Co., Ltd.

     2,100        57,298  

Denka Co., Ltd.

     13,300        383,313  

DIC Corp.

     17,900        523,165  

DKS Co., Ltd.(a)

     1,100        34,585  
Investments    Shares      Value  

Fujimi, Inc.

     3,800      83,048  

Fujimori Kogyo Co., Ltd.

     1,100        30,212  

Fuso Chemical Co., Ltd.(a)

     3,100        52,150  

JCU Corp.

     3,100        48,481  

JSP Corp.(a)

     1,917        42,311  

Kaneka Corp.

     6,448        241,469  

KH Neochem Co., Ltd.

     3,700        89,253  

Koatsu Gas Kogyo Co., Ltd.

     6,600        50,923  

Konishi Co., Ltd.

     1,800        26,085  

Kumiai Chemical Industry Co., Ltd.

     7,894        55,700  

Kureha Corp.(a)

     2,100        117,821  

Lintec Corp.

     9,400        203,312  

Moriroku Holdings Co., Ltd.

     3,100        72,987  

Nihon Nohyaku Co., Ltd.(a)

     11,400        45,936  

Nihon Parkerizing Co., Ltd.

     8,500        106,130  

Nippon Kayaku Co., Ltd.(a)

     26,200        309,614  

Nippon Shokubai Co., Ltd.

     4,500        293,536  

Nippon Soda Co., Ltd.

     3,100        81,894  

NOF Corp.

     9,200        313,358  

Okamoto Industries, Inc.

     1,600        80,806  

Okura Industrial Co., Ltd.

     1,133        18,241  

Osaka Organic Chemical Industry Ltd.

     3,800        37,353  

Osaka Soda Co., Ltd.

     2,777        68,092  

Riken Technos Corp.(a)

     13,400        54,842  

Sakai Chemical Industry Co., Ltd.

     2,600        57,104  

Sakata INX Corp.

     6,700        61,803  

Sanyo Chemical Industries Ltd.

     2,500        115,643  

Sekisui Plastics Co., Ltd.

     5,700        45,781  

Shikoku Chemicals Corp.(a)

     4,500        49,194  

Sumitomo Bakelite Co., Ltd.

     3,100        111,049  

Sumitomo Seika Chemicals Co., Ltd.

     1,000        36,771  

T Hasegawa Co., Ltd.

     3,700        59,669  

Taiyo Holdings Co., Ltd.(a)

     5,600        184,415  

Takasago International Corp.

     2,300        69,508  

Tayca Corp.(a)

     1,300        29,962  

Toagosei Co., Ltd.

     14,400        152,216  

Tokuyama Corp.

     2,900        68,436  

Tokyo Ohka Kogyo Co., Ltd.

     3,900        106,410  

Toyo Ink SC Holdings Co., Ltd.

     8,500        190,834  

Toyobo Co., Ltd.(a)

     11,600        148,295  

Ube Industries Ltd.

     14,380        295,564  

Valqua Ltd.(a)

     3,100        61,980  

Zeon Corp.

     16,100        162,913  
     

 

 

 
Total Chemicals               6,062,497  
Commercial Services & Supplies – 1.6%      

Aeon Delight Co., Ltd.

     4,400        171,134  

Bell System24 Holdings, Inc.

     8,000        98,875  

Daiseki Co., Ltd.

     3,100        75,368  

Kokuyo Co., Ltd.

     9,400        137,919  

Kyoritsu Printing Co., Ltd.

     14,800        29,818  

Matsuda Sangyo Co., Ltd.

     3,400        42,790  

Mitsubishi Pencil Co., Ltd.

     3,500        67,828  

Nakamoto Packs Co., Ltd.

     3,100        42,683  

 

See Notes to Financial Statements.

 

WisdomTree Trust      37  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

 

Investments    Shares      Value  

Nichiban Co., Ltd.

     1,000      $ 21,177  

Nippon Air Conditioning Services Co., Ltd.

     9,100        55,989  

Nippon Parking Development Co., Ltd.

     37,600        58,429  

Okamura Corp.

     10,700        112,041  

Pilot Corp.

     1,000        40,521  

Prestige International, Inc.

     2,400        30,140  

Relia, Inc.

     8,400        73,235  

Sato Holdings Corp.

     4,100        96,161  

Toppan Forms Co., Ltd.

     14,900        127,212  

Uchida Yoko Co., Ltd.

     1,200        35,289  
     

 

 

 
Total Commercial Services & Supplies               1,316,609  
Construction & Engineering – 5.9%      

Asanuma Corp.(a)

     1,900        42,228  

Asunaro Aoki Construction Co., Ltd.

     3,000        26,562  

COMSYS Holdings Corp.(a)

     11,500        313,773  

Daiho Corp.

     2,000        58,454  

Fudo Tetra Corp.(a)

     3,440        44,816  

Hazama Ando Corp.

     25,500        170,714  

Kandenko Co., Ltd.

     22,400        191,448  

Kitano Construction Corp.

     1,000        28,098  

Kumagai Gumi Co., Ltd.

     5,200        162,551  

Kyowa Exeo Corp.(a)

     10,500        289,809  

Kyudenko Corp.

     5,800        181,831  

Maeda Corp.

     13,300        131,937  

Maeda Road Construction Co., Ltd.

     11,400        221,336  

Matsui Construction Co., Ltd.

     1,000        6,415  

Meisei Industrial Co., Ltd.

     9,200        62,090  

Mirait Holdings Corp.(a)

     7,544        110,210  

Nippo Corp.

     11,600        216,311  

Nippon Densetsu Kogyo Co., Ltd.

     4,500        93,671  

Nippon Koei Co., Ltd.

     1,500        31,766  

Nippon Road Co., Ltd. (The)

     1,400        82,342  

Nishimatsu Construction Co., Ltd.

     8,500        188,377  

Nittoc Construction Co., Ltd.(a)

     9,500        51,154  

Okumura Corp.(a)

     11,500        365,203  

OSJB Holdings Corp.

     10,400        26,027  

Penta-Ocean Construction Co., Ltd.

     27,700        128,383  

PS Mitsubishi Construction Co., Ltd.(a)

     8,200        49,044  

Raito Kogyo Co., Ltd.

     9,300        125,361  

Shinnihon Corp.

     5,200        46,088  

SHO-BOND Holdings Co., Ltd.

     2,300        153,562  

Sumitomo Densetsu Co., Ltd.

     3,300        55,991  

Sumitomo Mitsui Construction Co., Ltd.

     22,040        153,524  

Taihei Dengyo Kaisha Ltd.

     2,600        55,225  

Taikisha Ltd.

     3,900        118,566  

Tekken Corp.

     2,700        66,497  

Tobishima Corp.

     3,160        38,428  

Toda Corp.

     33,200        203,966  

Tokyo Energy & Systems, Inc.

     4,800        42,716  

Tokyu Construction Co., Ltd.

     15,600        116,981  

Toshiba Plant Systems & Services Corp.

     8,500        150,748  

Totetsu Kogyo Co., Ltd.

     3,100        85,423  

Toyo Construction Co., Ltd.

     13,600        52,466  
Investments    Shares      Value  

Wakachiku Construction Co., Ltd.

     3,200      42,990  

Yahagi Construction Co., Ltd.

     3,700        25,639  

Yokogawa Bridge Holdings Corp.(a)

     2,800        48,140  

Yurtec Corp.

     10,500        76,840  
     

 

 

 
Total Construction & Engineering               4,933,701  
Construction Materials – 0.3%      

Geostr Corp.

     2,900        11,293  

Krosaki Harima Corp.

     1,200        60,062  

Sumitomo Osaka Cement Co., Ltd.

     4,700        185,138  
     

 

 

 
Total Construction Materials               256,493  
Consumer Finance – 0.0%      
J Trust Co., Ltd.(a)      3,300        11,270  
Containers & Packaging – 0.9%

 

FP Corp.

     3,000        177,260  

Fuji Seal International, Inc.

     2,100        75,891  

Hokkan Holdings Ltd.(a)

     1,600        27,769  

Pack Corp. (The)

     1,900        58,278  

Rengo Co., Ltd.

     18,981        178,003  

Toyo Seikan Group Holdings Ltd.

     10,000        204,815  
     

 

 

 
Total Containers & Packaging               722,016  
Distributors – 0.7%      

Arata Corp.

     900        31,020  

Canon Marketing Japan, Inc.

     21,800        428,772  

Doshisha Co., Ltd.

     3,700        57,730  

Happinet Corp.

     5,100        65,844  
     

 

 

 
Total Distributors               583,366  
Diversified Consumer Services – 0.8%      

Asante, Inc.

     1,000        19,687  

Benesse Holdings, Inc.

     11,900        309,098  

Gakkyusha Co., Ltd.

     3,100        36,382  

Meiko Network Japan Co., Ltd.(a)

     5,200        45,242  

Riso Kyoiku Co., Ltd.(a)

     30,300        139,612  

Studio Alice Co., Ltd.

     1,800        37,111  

Tokyo Individualized Educational Institute, Inc.

     7,500        75,484  
     

 

 

 
Total Diversified Consumer Services               662,616  
Diversified Financial Services – 0.3%      

Financial Products Group Co., Ltd.

     17,400        142,583  

Ricoh Leasing Co., Ltd.

     2,300        69,404  
     

 

 

 
Total Diversified Financial Services               211,987  
Diversified Telecommunication Services – 0.1%      
Internet Initiative Japan, Inc.      3,100        62,709  
Electric Utilities – 0.5%

 

Hokkaido Electric Power Co., Inc.(a)

     9,300        53,438  

Okinawa Electric Power Co., Inc. (The)

     6,218        105,894  

Shikoku Electric Power Co., Inc.(a)

     23,500        286,200  
     

 

 

 
Total Electric Utilities

 

     445,532  
Electrical Equipment – 1.7%

 

Chiyoda Integre Co., Ltd.

     3,100        57,499  

Cosel Co., Ltd.

     6,200        65,257  

Daihen Corp.(a)

     2,500        64,259  

 

See Notes to Financial Statements.

 

38   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Denyo Co., Ltd.(a)

     2,400      $ 29,684  

Fujikura Ltd.(a)

     25,600        96,447  

Furukawa Electric Co., Ltd.(a)

     6,126        154,471  

GS Yuasa Corp.(a)

     8,400        164,759  

Helios Techno Holding Co., Ltd.(a)

     6,100        36,649  

Idec Corp.(a)

     3,500        60,333  

Mabuchi Motor Co., Ltd.

     7,900        274,789  

Nippon Carbon Co., Ltd.(a)

     1,000        44,360  

Nissin Electric Co., Ltd.

     14,700        134,802  

Nitto Kogyo Corp.(a)

     5,200        104,014  

Sanyo Denki Co., Ltd.

     700        25,107  

Sinfonia Technology Co., Ltd.

     2,800        34,202  

Takaoka Toko Co., Ltd.

     3,100        36,886  

Tatsuta Electric Wire and Cable Co., Ltd.

     11,100        45,730  
     

 

 

 
Total Electrical Equipment

 

     1,429,248  
Electronic Equipment, Instruments & Components – 5.5%

 

Ai Holdings Corp.

     3,400        56,183  

Amano Corp.

     9,000        211,980  

Anritsu Corp.(a)

     9,400        174,098  

Azbil Corp.

     12,800        299,401  

Canon Electronics, Inc.

     6,600        104,589  

Citizen Watch Co., Ltd.

     54,700        304,918  

CMK Corp.

     5,800        33,851  

CONEXIO Corp.(a)

     7,500        94,525  

Daiwabo Holdings Co., Ltd.

     2,600        149,632  

Dexerials Corp.(a)

     13,600        90,187  

Elematec Corp.

     2,929        44,801  

ESPEC Corp.

     3,900        72,690  

Excel Co., Ltd.(a)

     1,200        25,369  

FTGroup Co., Ltd.

     6,400        79,447  

Hagiwara Electric Holdings Co., Ltd.

     1,700        47,305  

Hakuto Co., Ltd.

     2,000        21,195  

Hioki EE Corp.

     900        38,542  

Hochiki Corp.

     900        9,050  

Horiba Ltd.

     3,300        183,358  

Ibiden Co., Ltd.(a)

     15,700        238,582  

Iriso Electronics Co., Ltd.(a)

     1,000        45,715  

Japan Aviation Electronics Industry Ltd.

     9,400        130,870  

Kaga Electronics Co., Ltd.(a)

     3,500        64,254  

Koa Corp.

     3,100        41,703  

Kyosan Electric Manufacturing Co., Ltd.(a)

     9,400        30,828  

Macnica Fuji Electronics Holdings, Inc.(a)

     9,300        126,874  

Marubun Corp.

     5,100        29,351  

Nippon Electric Glass Co., Ltd.

     16,100        426,919  

Nippon Signal Co., Ltd.(a)

     8,000        71,627  

Nissha Co., Ltd.

     2,500        26,404  

Nohmi Bosai Ltd.

     3,666        59,916  

Oki Electric Industry Co., Ltd.(a)

     20,700        244,619  

Optex Group Co., Ltd.

     1,600        25,514  

Osaki Electric Co., Ltd.

     6,900        42,952  

Riken Keiki Co., Ltd.

     900        17,352  

Ryoden Corp.

     3,800        50,399  

Ryosan Co., Ltd.(a)

     5,500        147,482  

Sanshin Electronics Co., Ltd.(a)

     3,200      54,757  

Satori Electric Co., Ltd.

     5,200        44,161  

Siix Corp.(a)

     3,100        46,940  

Sumida Corp.(a)

     5,900        83,262  

Tachibana Eletech Co., Ltd.(a)

     3,100        46,576  

Taiyo Yuden Co., Ltd.(a)

     5,200        102,276  

Tamura Corp.(a)

     9,400        51,890  

Tokyo Electron Device Ltd.

     2,600        41,812  

Topcon Corp.

     6,000        70,796  

Tsuzuki Denki Co., Ltd.

     3,100        23,834  

UKC Holdings Corp.(a)

     2,200        40,687  

V Technology Co., Ltd.

     400        50,702  

Vitec Holdings Co., Ltd.

     2,100        38,837  
     

 

 

 
Total Electronic Equipment, Instruments & Components

 

     4,559,012  
Energy Equipment & Services – 0.3%

 

Modec, Inc.

     4,500        128,066  

Shinko Plantech Co., Ltd.

     11,000        117,270  

Toyo Kanetsu K.K.

     1,500        27,158  
     

 

 

 
Total Energy Equipment & Services

 

     272,494  
Entertainment – 2.3%

 

Avex, Inc.(a)

     8,800        117,349  

Capcom Co., Ltd.

     9,400        210,616  

COLOPL, Inc.(a)

     17,700        109,861  

Daiichikosho Co., Ltd.

     6,600        337,498  

DeNA Co., Ltd.

     13,200        198,802  

GungHo Online Entertainment, Inc.(a)

     54,100        196,976  

Koei Tecmo Holdings Co., Ltd.(a)

     19,620        378,272  

Marvelous, Inc.(a)

     10,300        79,936  

Toei Animation Co., Ltd.

     3,000        147,988  

Toei Co., Ltd.

     800        106,464  
     

 

 

 
Total Entertainment

 

     1,883,762  
Food & Staples Retailing – 2.3%

 

Aeon Hokkaido Corp.

     3,900        26,567  

Ain Holdings, Inc.

     1,300        97,719  

Arcs Co., Ltd.

     5,200        114,350  

Axial Retailing, Inc.

     1,700        52,374  

Belc Co., Ltd.

     1,200        54,316  

Cawachi Ltd.

     3,400        54,340  

Cocokara fine, Inc.

     1,200        47,649  

Create SD Holdings Co., Ltd.

     3,100        72,903  

Heiwado Co., Ltd.

     4,700        100,085  

Inageya Co., Ltd.(a)

     2,700        31,053  

Kato Sangyo Co., Ltd.(a)

     3,400        112,120  

Kobe Bussan Co., Ltd.

     4,000        151,782  

Life Corp.

     2,700        58,008  

Ministop Co., Ltd.

     4,000        61,941  

Mitsubishi Shokuhin Co., Ltd.(a)

     4,800        125,589  

Nihon Chouzai Co., Ltd.

     1,500        50,820  

Nishimoto Co., Ltd.

     1,400        54,894  

Okuwa Co., Ltd.

     7,700        77,289  

Qol Holdings Co., Ltd.

     2,100        28,611  

Retail Partners Co., Ltd.

     2,500        26,336  

 

See Notes to Financial Statements.

 

WisdomTree Trust      39  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

Investments    Shares      Value  

San-A Co., Ltd.

     1,500      $ 60,035  

Shoei Foods Corp.(a)

     1,300        36,997  

Sogo Medical Holdings Co., Ltd.

     2,300        35,222  

United Super Markets Holdings, Inc.

     9,000        89,036  

Valor Holdings Co., Ltd.

     5,300        128,424  

Yamatane Corp.

     1,400        19,782  

Yaoko Co., Ltd.

     2,300        113,041  

Yokohama Reito Co., Ltd.(a)

     7,700        62,193  
     

 

 

 
Total Food & Staples Retailing

 

     1,943,476  
Food Products – 3.5%

 

Ariake Japan Co., Ltd.

     1,300        69,531  

Chubu Shiryo Co., Ltd.

     1,200        12,663  

DyDo Group Holdings, Inc.

     800        36,066  

Ezaki Glico Co., Ltd.

     3,300        173,519  

Feed One Co., Ltd.

     32,500        51,678  

Fuji Oil Holdings, Inc.

     6,251        214,043  

Fujicco Co., Ltd.

     2,900        56,357  

Hokuto Corp.

     5,200        90,108  

Itoham Yonekyu Holdings, Inc.(a)

     26,100        162,469  

J-Oil Mills, Inc.

     2,600        96,779  

Kagome Co., Ltd.

     3,200        89,913  

Kameda Seika Co., Ltd.

     1,000        47,974  

Kewpie Corp.

     11,500        275,850  

Kotobuki Spirits Co., Ltd.

     600        22,984  

Kyokuyo Co., Ltd.(a)

     1,000        25,622  

Marudai Food Co., Ltd.(a)

     3,000        50,983  

Maruha Nichiro Corp.

     3,100        110,909  

Megmilk Snow Brand Co., Ltd.

     5,200        126,565  

Mitsui Sugar Co., Ltd.(a)

     4,900        120,679  

Morinaga & Co., Ltd.

     2,500        108,529  

Morinaga Milk Industry Co., Ltd.(a)

     2,900        98,383  

Nippon Flour Mills Co., Ltd.

     7,300        125,311  

Nippon Suisan Kaisha Ltd.

     28,500        217,577  

Nisshin Oillio Group Ltd. (The)

     3,100        91,584  

Prima Meat Packers Ltd.

     5,200        96,497  

Rock Field Co., Ltd.

     3,200        47,269  

S Foods, Inc.

     1,500        54,886  

Sakata Seed Corp.

     1,600        54,425  

Showa Sangyo Co., Ltd.(a)

     3,400        92,092  

Starzen Co., Ltd.(a)

     1,000        34,196  

Warabeya Nichiyo Holdings Co., Ltd.

     2,600        42,752  
     

 

 

 
Total Food Products

 

     2,898,193  
Gas Utilities – 0.7%

 

Hokkaido Gas Co., Ltd.(a)

     3,600        46,836  

Nippon Gas Co., Ltd.

     2,000        55,292  

Saibu Gas Co., Ltd.(a)

     3,700        79,927  

Shizuoka Gas Co., Ltd.

     8,000        60,785  

Toho Gas Co., Ltd.(a)

     8,200        368,198  
     

 

 

 
Total Gas Utilities

 

     611,038  
Health Care Equipment & Supplies – 1.5%

 

Daiken Medical Co., Ltd.

     3,800        19,088  

Eiken Chemical Co., Ltd.

     3,000        70,633  

Hogy Medical Co., Ltd.

     2,600      91,729  

Jeol Ltd.

     3,400        61,190  

Mani, Inc.

     1,700        83,092  

Menicon Co., Ltd.

     1,500        43,299  

Nagaileben Co., Ltd.

     4,200        91,069  

Nakanishi, Inc.

     5,400        105,526  

Nihon Kohden Corp.

     6,400        190,234  

Nikkiso Co., Ltd.

     7,300        85,211  

Nipro Corp.(a)

     20,423        263,671  

Paramount Bed Holdings Co., Ltd.

     2,703        119,905  
     

 

 

 
Total Health Care Equipment & Supplies

 

     1,224,647  
Health Care Providers & Services – 1.6%

 

As One Corp.

     2,100        166,960  

BML, Inc.

     3,400        98,604  

Japan Lifeline Co., Ltd.(a)

     4,700        77,622  

Miraca Holdings, Inc.

     12,200        302,672  

NichiiGakkan Co., Ltd.

     6,300        74,165  

Ship Healthcare Holdings, Inc.

     4,759        195,416  

Solasto Corp.(a)

     7,300        82,177  

Toho Holdings Co., Ltd.(a)

     5,200        129,806  

Tokai Corp.

     2,000        48,751  

Tsukui Corp.

     5,600        35,214  

Vital KSK Holdings, Inc.(a)

     7,500        73,994  

WIN-Partners Co., Ltd.(a)

     3,100        35,289  
     

 

 

 
Total Health Care Providers & Services

 

     1,320,670  
Health Care Technology – 0.0%

 

EM Systems Co., Ltd.(a)

     2,900        34,847  
Hotels, Restaurants & Leisure – 2.8%

 

Aeon Fantasy Co., Ltd.

     400        10,318  

Create Restaurants Holdings, Inc.(a)

     4,300        53,145  

Doutor Nichires Holdings Co., Ltd.

     4,200        79,799  

Fuji Kyuko Co., Ltd.(a)

     1,100        41,343  

Hiday Hidaka Corp.

     2,122        41,027  

HIS Co., Ltd.

     3,100        113,990  

Ichibanya Co., Ltd.(a)

     2,100        91,828  

KOMEDA Holdings Co., Ltd.

     7,200        136,864  

Koshidaka Holdings Co., Ltd.

     2,900        43,519  

Kyoritsu Maintenance Co., Ltd.(a)

     1,600        79,360  

MOS Food Services, Inc.(a)

     1,400        34,025  

Ohsho Food Service Corp.

     2,900        183,665  

Plenus Co., Ltd.(a)

     8,400        134,024  

Renaissance, Inc.

     1,400        24,741  

Resorttrust, Inc.(a)

     11,900        161,268  

Round One Corp.

     6,500        82,274  

Royal Holdings Co., Ltd.

     1,700        42,513  

Saizeriya Co., Ltd.

     2,300        44,302  

SFP Holdings Co., Ltd.

     1,700        29,213  

Shidax Corp.(a)

     15,100        43,928  

Skylark Holdings Co., Ltd.

     25,400        421,096  

St. Marc Holdings Co., Ltd.

     2,300        51,721  

Tokyo Dome Corp.

     11,300        107,911  

Tokyotokeiba Co., Ltd.

     1,800        54,642  

 

See Notes to Financial Statements.

 

40   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Toridoll Holdings Corp.(a)

     1,900      $ 38,349  

Yoshinoya Holdings Co., Ltd.(a)

     3,400        54,923  

Zensho Holdings Co., Ltd.(a)

     5,200        120,457  
     

 

 

 
Total Hotels, Restaurants & Leisure

 

     2,320,245  
Household Durables – 1.9%

 

Cleanup Corp.

     3,100        16,552  

ES-Con Japan Ltd.(a)

     11,200        73,867  

FJ Next Co., Ltd.

     5,200        40,074  

Foster Electric Co., Ltd.

     5,206        78,171  

France Bed Holdings Co., Ltd.(a)

     1,200        9,779  

Fuji Corp., Ltd.(a)

     5,600        41,487  

Fujitsu General Ltd.(a)

     7,500        106,112  

Hoosiers Holdings(a)

     4,900        28,554  

JVC Kenwood Corp.(a)

     15,700        38,014  

Ki-Star Real Estate Co., Ltd.

     2,300        34,640  

Meiwa Estate Co., Ltd.

     3,500        18,056  

Misawa Homes Co., Ltd.

     6,800        48,657  

Nihon House Holdings Co., Ltd.(a)

     11,700        49,787  

Pressance Corp.(a)

     5,200        64,692  

Sanei Architecture Planning Co., Ltd.(a)

     2,000        28,278  

Sangetsu Corp.

     9,700        176,061  

Space Value Holdings Co., Ltd.

     7,400        34,231  

Starts Corp., Inc.

     6,700        143,038  

Sumitomo Forestry Co., Ltd.(a)

     25,200        349,934  

Tama Home Co., Ltd.

     4,100        39,561  

Tamron Co., Ltd.

     4,400        80,260  

Toa Corp.

     3,900        39,322  

Zojirushi Corp.(a)

     7,300        75,846  
     

 

 

 
Total Household Durables

 

     1,614,973  
Household Products – 0.2%

 

Earth Corp.(a)

     2,300        106,807  

ST Corp.(a)

     800        13,675  
     

 

 

 
Total Household Products

 

     120,482  
Independent Power & Renewable Electricity Producers – 0.1%

 

West Holdings Corp.(a)

     5,400        54,056  
Industrial Conglomerates – 0.5%

 

Mie Kotsu Group Holdings, Inc.(a)

     8,300        42,143  

Nisshinbo Holdings, Inc.(a)

     21,800        190,456  

TOKAI Holdings Corp.

     18,700        155,263  
     

 

 

 
Total Industrial Conglomerates

 

     387,862  
Interactive Media & Services – 0.8%

 

Dip Corp.(a)

     5,200        89,826  

Gurunavi, Inc.

     11,700        73,465  

Mixi, Inc.

     17,800        411,369  

MTI Ltd.

     8,500        48,611  
     

 

 

 
Total Interactive Media & Services

 

     623,271  
Internet & Direct Marketing Retail – 0.1%

 

ASKUL Corp.(a)

     2,700        67,375  

Belluna Co., Ltd.

     6,100        47,286  
     

 

 

 
Total Internet & Direct Marketing Retail

 

     114,661  
IT Services – 2.1%

 

Digital Garage, Inc.(a)

     1,300      38,113  

DTS Corp.

     3,100        114,550  

Future Corp.

     5,700        97,742  

GMO Internet, Inc.

     6,100        99,421  

I-Net Corp.

     1,000        11,899  

Infocom Corp.(a)

     4,200        69,858  

Information Services International-Dentsu Ltd.

     3,100        106,848  

Kanematsu Electronics Ltd.

     4,000        120,883  

LAC Co., Ltd.(a)

     2,700        37,078  

NEC Networks & System Integration Corp.

     7,900        190,925  

NET One Systems Co., Ltd.

     8,600        216,544  

Nihon Unisys Ltd.

     9,400        249,002  

NS Solutions Corp.

     9,400        253,758  

NSD Co., Ltd.

     5,200        121,068  

Transcosmos, Inc.

     2,600        50,715  
     

 

 

 
Total IT Services

 

     1,778,404  
Leisure Products – 1.5%

 

Fields Corp.

     7,800        51,020  

Furyu Corp.

     4,500        40,209  

GLOBERIDE, Inc.

     500        11,862  

Heiwa Corp.(a)

     17,800        355,726  

Mizuno Corp.(a)

     2,800        64,887  

Sankyo Co., Ltd.

     17,000        648,146  

Tomy Co., Ltd.

     9,200        94,922  
     

 

 

 
Total Leisure Products

 

     1,266,772  
Life Sciences Tools & Services – 0.1%

 

EPS Holdings, Inc.

     3,100        51,702  
Machinery – 6.3%

 

Aichi Corp.

     13,600        86,010  

Aida Engineering Ltd.

     10,900        78,585  

Alinco, Inc.

     6,600        58,675  

Anest Iwata Corp.

     5,400        47,421  

Asahi Diamond Industrial Co., Ltd.

     3,300        22,778  

Bando Chemical Industries Ltd.

     6,500        62,307  

CKD Corp.(a)

     7,200        64,919  

DMG Mori Co., Ltd.

     15,000        185,527  

Ebara Corp.

     6,800        191,679  

Fujitec Co., Ltd.(a)

     11,400        126,169  

Fukushima Industries Corp.

     800        25,695  

Furukawa Co., Ltd.

     7,300        91,872  

Giken Ltd.(a)

     3,700        113,154  

Glory Ltd.(a)

     9,000        215,964  

Hirata Corp.(a)

     900        62,122  

Hitachi Zosen Corp.

     18,035        55,400  

Hokuetsu Industries Co., Ltd.(a)

     5,200        54,168  

Hosokawa Micron Corp.

     700        31,273  

Iseki & Co., Ltd.

     3,100        45,624  

Japan Steel Works Ltd. (The)(a)

     5,203        95,848  

Juki Corp.

     3,800        37,765  

Kato Works Co., Ltd.(a)

     1,700        40,133  

Kito Corp.

     2,700        40,762  

Kitz Corp.(a)

     12,600        92,321  

 

See Notes to Financial Statements.

 

WisdomTree Trust      41  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

Investments    Shares      Value  

Kurita Water Industries Ltd.

     9,400      $ 240,085  

Kyokuto Kaihatsu Kogyo Co., Ltd.

     4,500        60,211  

Makino Milling Machine Co., Ltd.(a)

     2,200        90,636  

Max Co., Ltd.

     6,100        89,721  

Meidensha Corp.

     5,300        72,640  

METAWATER Co., Ltd.

     3,000        84,564  

Mitsubishi Logisnext Co., Ltd.(a)

     4,000        43,547  

Mitsuboshi Belting Ltd.(a)

     4,900        87,167  

Miura Co., Ltd.

     6,400        147,503  

Morita Holdings Corp.

     3,100        50,974  

Nachi-Fujikoshi Corp.

     2,400        96,490  

Nippon Thompson Co., Ltd.(a)

     7,300        33,570  

Nissei ASB Machine Co., Ltd.

     1,000        34,196  

Nitta Corp.(a)

     2,200        71,554  

Nitto Kohki Co., Ltd.

     3,600        71,034  

Noritake Co., Ltd.

     1,000        47,884  

NTN Corp.(a)

     88,700        262,850  

Obara Group, Inc.

     1,400        46,357  

Oiles Corp.(a)

     3,100        49,461  

OKUMA Corp.(a)

     3,100        167,764  

OSG Corp.

     9,000        173,601  

Rheon Automatic Machinery Co., Ltd.(a)

     2,300        32,894  

Ryobi Ltd.

     3,100        69,570  

Shibuya Corp.

     1,700        50,224  

Shima Seiki Manufacturing Ltd.(a)

     1,600        49,149  

Shinmaywa Industries Ltd.

     9,400        116,858  

Sodick Co., Ltd.(a)

     8,300        69,214  

Star Micronics Co., Ltd.(a)

     7,600        115,698  

Tadano Ltd.(a)

     12,000        113,945  

Takeuchi Manufacturing Co., Ltd.

     3,400        59,808  

Takuma Co., Ltd.

     4,500        53,706  

Tocalo Co., Ltd.

     7,800        61,450  

Toshiba Machine Co., Ltd.(a)

     4,100        82,493  

Tsubaki Nakashima Co., Ltd.(a)

     5,400        96,940  

Tsubakimoto Chain Co.

     5,200        185,572  

Tsugami Corp.

     6,000        46,185  

Union Tool Co.

     1,000        26,408  

YAMABIKO Corp.

     5,200        49,940  
     

 

 

 
Total Machinery

 

     5,228,034  
Marine – 0.5%

 

Iino Kaiun Kaisha Ltd.(a)

     14,500        48,864  

Mitsui OSK Lines Ltd.

     4,400        94,650  

Nippon Yusen K.K.(a)

     11,100        162,662  

NS United Kaiun Kaisha Ltd.(a)

     4,900        104,875  
     

 

 

 
Total Marine

 

     411,051  
Media – 0.9%

 

AOI TYO Holdings, Inc.

     3,100        21,986  

Asahi Broadcasting Group Holdings Corp.

     3,400        23,776  

F@N Communications, Inc.

     13,400        68,159  

Intage Holdings, Inc.

     4,400        34,147  

Kadokawa Dwango(a)

     6,000        63,261  

SKY Perfect JSAT Holdings, Inc.(a)

     72,200        300,059  

Tow Co., Ltd.

     5,900        38,699  

Tv Tokyo Holdings Corp.

     2,800      58,866  

Wowow, Inc.

     3,100        83,014  

Zenrin Co., Ltd.(a)

     3,100        68,646  
     

 

 

 
Total Media

 

     760,613  
Metals & Mining – 3.6%

 

Aichi Steel Corp.

     2,400        74,482  

Asahi Holdings, Inc.(a)

     6,400        115,759  

Daido Steel Co., Ltd.(a)

     5,300        209,012  

Daiki Aluminium Industry Co., Ltd.(a)

     6,000        35,994  

Dowa Holdings Co., Ltd.(a)

     8,600        282,821  

Godo Steel Ltd.

     3,800        56,819  

Hakudo Co., Ltd.(a)

     2,800        39,312  

Kobe Steel Ltd.

     53,400        400,916  

Kurimoto Ltd.

     3,100        40,779  

Kyoei Steel Ltd.(a)

     5,200        74,135  

Maruichi Steel Tube Ltd.

     11,500        335,072  

Mitsubishi Materials Corp.

     19,100        504,225  

Mitsui Mining & Smelting Co., Ltd.(a)

     3,900        100,033  

Nippon Light Metal Holdings Co., Ltd.

     112,900        247,863  

Sanyo Special Steel Co., Ltd.

     3,900        79,948  

Toho Titanium Co., Ltd.(a)

     5,100        43,727  

Toho Zinc Co., Ltd.(a)

     2,400        67,868  

Tokyo Rope Manufacturing Co., Ltd.

     2,000        17,636  

Tokyo Steel Manufacturing Co., Ltd.

     8,400        73,007  

Topy Industries Ltd.

     3,100        62,008  

UACJ Corp.(a)

     6,153        115,294  
     

 

 

 
Total Metals & Mining

 

     2,976,710  
Multiline Retail – 0.7%

 

Fuji Co., Ltd.

     2,300        39,668  

H2O Retailing Corp.(a)

     13,200        183,895  

MrMax Holdings Ltd.

     5,200        20,765  

Parco Co., Ltd.

     8,800        80,300  

Seria Co., Ltd.(a)

     2,000        68,934  

Takashimaya Co., Ltd.

     11,400        151,815  
     

 

 

 
Total Multiline Retail

 

     545,377  
Oil, Gas & Consumable Fuels – 0.9%

 

BP Castrol K.K.(a)

     5,900        73,667  

Cosmo Energy Holdings Co., Ltd.(a)

     7,000        140,651  

Fuji Oil Co., Ltd.(a)

     11,500        26,182  

Itochu Enex Co., Ltd.

     24,300        195,832  

Iwatani Corp.(a)

     3,300        105,990  

Nippon Coke & Engineering Co., Ltd.

     68,200        61,616  

Sala Corp.

     12,200        67,897  

San-Ai Oil Co., Ltd.

     7,800        64,058  

Sinanen Holdings Co., Ltd.

     2,300        43,741  
     

 

 

 
Total Oil, Gas & Consumable Fuels

 

     779,634  
Paper & Forest Products – 0.9%

 

Daiken Corp.

     3,000        58,382  

Daio Paper Corp.(a)

     6,200        76,012  

Hokuetsu Corp.

     26,400        154,319  

Nippon Paper Industries Co., Ltd.(a)

     21,400        441,979  
     

 

 

 
Total Paper & Forest Products

 

     730,692  

 

See Notes to Financial Statements.

 

42   WisdomTree Trust


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Personal Products – 0.8%

 

Artnature, Inc.

     4,900      $ 28,067  

Fancl Corp.

     7,800        201,545  

Mandom Corp.

     4,900        125,992  

Milbon Co., Ltd.

     2,200        102,362  

Noevir Holdings Co., Ltd.

     3,300        160,103  
     

 

 

 
Total Personal Products

 

     618,069  
Pharmaceuticals – 2.1%

 

Fuji Pharma Co., Ltd.(a)

     3,100        48,985  

JCR Pharmaceuticals Co., Ltd.

     1,000        58,906  

Kaken Pharmaceutical Co., Ltd.

     6,800        309,021  

KYORIN Holdings, Inc.(a)

     10,900        212,810  

Mochida Pharmaceutical Co., Ltd.

     4,600        236,057  

Nichi-iko Pharmaceutical Co., Ltd.(a)

     6,400        84,882  

Sawai Pharmaceutical Co., Ltd.

     5,800        335,890  

Seikagaku Corp.

     5,100        55,246  

Torii Pharmaceutical Co., Ltd.

     2,700        54,325  

Towa Pharmaceutical Co., Ltd.

     3,600        94,745  

Tsumura & Co.

     6,700        203,691  

ZERIA Pharmaceutical Co., Ltd.(a)

     4,600        79,503  
     

 

 

 
Total Pharmaceuticals

 

     1,774,061  
Professional Services – 1.7%

 

Altech Corp.

     3,100        51,730  

Benefit One, Inc.(a)

     8,400        164,835  

en-japan, Inc.(a)

     2,200        64,002  

FULLCAST Holdings Co., Ltd.

     2,500        53,304  

Funai Soken Holdings, Inc.

     2,940        70,734  

JAC Recruitment Co., Ltd.

     4,800        105,987  

Link And Motivation, Inc.(a)

     600        4,342  

Meitec Corp.(a)

     5,200        236,310  

Nomura Co., Ltd.

     5,200        146,578  

Outsourcing, Inc.(a)

     4,200        51,834  

Tanseisha Co., Ltd.

     5,200        61,450  

TechnoPro Holdings, Inc.

     3,100        184,849  

Trust Tech, Inc.

     1,000        33,112  

Weathernews, Inc.

     1,000        29,137  

World Holdings Co., Ltd.

     1,900        32,426  

YAMADA Consulting Group Co., Ltd.(a)

     1,500        31,224  

Yumeshin Holdings Co., Ltd.(a)

     13,600        94,980  
     

 

 

 
Total Professional Services

 

     1,416,834  
Real Estate Management & Development – 2.0%

 

Airport Facilities Co., Ltd.(a)

     3,800        18,985  

Daibiru Corp.

     11,100        105,299  

Goldcrest Co., Ltd.

     4,700        63,440  

Heiwa Real Estate Co., Ltd.

     3,600        69,310  

Ichigo, Inc.

     35,700        122,242  

Japan Property Management Center Co., Ltd.

     3,100        22,210  

Katitas Co., Ltd.(a)

     1,300        44,572  

Keihanshin Building Co., Ltd.

     8,400        82,038  

Kenedix, Inc.

     12,100        60,563  

Nippon Commercial Development Co., Ltd.(a)

     3,100        41,731  

Nisshin Fudosan Co.

     7,300        30,536  

Open House Co., Ltd.(a)

     4,000        137,146  

Prospect Co., Ltd.(a)

     244,500      39,762  

Raysum Co., Ltd.(a)

     6,600        60,702  

SAMTY Co., Ltd.

     3,800        51,498  

Shinoken Group Co., Ltd.(a)

     1,200        8,099  

Sun Frontier Fudousan Co., Ltd.(a)

     6,400        68,461  

Takara Leben Co., Ltd.(a)

     27,500        85,468  

TOC Co., Ltd.

     9,600        66,350  

Tokyo Tatemono Co., Ltd.

     23,600        289,336  

Tosei Corp.

     5,800        52,453  

Unizo Holdings Co., Ltd.(a)

     6,600        125,876  
     

 

 

 
Total Real Estate Management & Development

 

     1,646,077  
Road & Rail – 1.9%

 

Fukuyama Transporting Co., Ltd.

     3,100        119,312  

Hamakyorex Co., Ltd.

     1,000        38,397  

Hitachi Transport System Ltd.

     7,200        213,687  

Ichinen Holdings Co., Ltd.

     4,500        46,795  

Maruzen Showa Unyu Co., Ltd.

     3,100        84,022  

Nankai Electric Railway Co., Ltd.

     5,200        143,524  

Nikkon Holdings Co., Ltd.

     7,400        175,097  

Nishi-Nippon Railroad Co., Ltd.(a)

     3,900        94,360  

Sakai Moving Service Co., Ltd.(a)

     1,000        63,423  

Sankyu, Inc.

     4,300        209,784  

Senko Group Holdings Co., Ltd.(a)

     19,600        162,736  

Sotetsu Holdings, Inc.

     7,300        224,570  

Trancom Co., Ltd.

     300        17,645  
     

 

 

 
Total Road & Rail

 

     1,593,352  
Semiconductors & Semiconductor Equipment – 1.1%

 

Ferrotec Holdings Corp.(a)

     3,100        30,976  

Japan Material Co., Ltd.(a)

     4,400        53,904  

Lasertec Corp.

     3,700        154,606  

MegaChips Corp.(a)

     1,392        21,367  

Mimasu Semiconductor Industry Co., Ltd.

     4,000        53,268  

Mitsui High-Tec, Inc.(a)

     2,900        26,489  

NuFlare Technology, Inc.

     1,100        61,020  

Optorun Co., Ltd.

     2,000        38,650  

Sanken Electric Co., Ltd.

     1,300        24,124  

Shindengen Electric Manufacturing Co., Ltd.

     1,000        36,907  

Shinko Electric Industries Co., Ltd.(a)

     19,900        152,462  

Tokyo Seimitsu Co., Ltd.(a)

     5,100        129,752  

Ulvac, Inc.(a)

     2,500        72,277  

Yamaichi Electronics Co., Ltd.

     3,100        30,472  
     

 

 

 
Total Semiconductors & Semiconductor Equipment

 

     886,274  
Software – 0.6%

 

Broadleaf Co., Ltd.

     12,600        66,253  

Computer Engineering & Consulting Ltd.

     1,700        31,762  

Cresco Ltd.(a)

     1,100        33,044  

Fuji Soft, Inc.

     1,400        55,400  

Fukui Computer Holdings, Inc.

     2,900        54,078  

Infomart Corp.(a)

     4,400        53,586  

Miroku Jyoho Service Co., Ltd.

     1,600        41,068  

SRA Holdings

     2,800        62,357  

Systena Corp.

     6,800        73,846  
     

 

 

 
Total Software

 

     471,394  

 

See Notes to Financial Statements.

 

WisdomTree Trust      43  


Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

Investments    Shares      Value  
Specialty Retail – 4.4%

 

Adastria Co., Ltd.

     9,122      $ 202,326  

Alpen Co., Ltd.

     5,200        80,336  

AOKI Holdings, Inc.

     13,700        143,455  

Aoyama Trading Co., Ltd.(a)

     12,800        290,959  

Arcland Sakamoto Co., Ltd.

     3,100        41,983  

Autobacs Seven Co., Ltd.(a)

     14,000        232,733  

Bic Camera, Inc.

     7,200        75,653  

Chiyoda Co., Ltd.

     5,200        83,578  

DCM Holdings Co., Ltd.(a)

     19,900        185,543  

EDION Corp.(a)

     16,300        142,258  

Geo Holdings Corp.(a)

     6,700        93,098  

Gfoot Co., Ltd.(a)

     3,100        18,401  

Honeys Holdings Co., Ltd.

     6,000        59,791  

IDOM, Inc.(a)

     3,700        10,764  

JINS, Inc.

     800        43,222  

Joshin Denki Co., Ltd.(a)

     1,100        25,352  

K’s Holdings Corp.

     30,068        266,764  

Keiyo Co., Ltd.

     11,900        53,219  

Kohnan Shoji Co., Ltd.

     3,700        91,827  

Komeri Co., Ltd.

     3,900        95,522  

Konaka Co., Ltd.

     3,100        11,987  

LIXIL VIVA Corp.

     6,100        77,376  

Nishimatsuya Chain Co., Ltd.

     8,100        68,058  

Nojima Corp.

     4,100        74,417  

PAL GROUP Holdings Co., Ltd.

     3,100        84,162  

PC Depot Corp.

     10,100        40,424  

Right On Co., Ltd.(a)

     6,100        40,617  

Sac’s Bar Holdings, Inc.

     5,200        53,933  

Sanrio Co., Ltd.(a)

     13,057        311,547  

Shimachu Co., Ltd.

     7,300        190,208  

T-Gaia Corp.

     8,500        140,995  

United Arrows Ltd.

     3,400        118,417  

VT Holdings Co., Ltd.(a)

     24,354        91,752  

Xebio Holdings Co., Ltd.

     4,500        49,560  

Yellow Hat Ltd.

     6,200        81,558  
     

 

 

 
Total Specialty Retail

 

     3,671,795  
Technology Hardware, Storage & Peripherals – 0.7%

 

Elecom Co., Ltd.

     3,700        114,157  

Maxell Holdings Ltd.(a)

     7,400        104,965  

MCJ Co., Ltd.

     12,000        87,708  

Riso Kagaku Corp.

     6,400        101,188  

Roland DG Corp.

     1,000        21,051  

Toshiba TEC Corp.

     3,700        102,792  

Wacom Co., Ltd.(a)

     10,300        43,364  
     

 

 

 
Total Technology Hardware, Storage & Peripherals

 

     575,225  
Textiles, Apparel & Luxury Goods – 1.9%

 

Asics Corp.

     22,700        304,553  

Baroque Japan Ltd.(a)

     8,500        66,274  

Descente Ltd.(a)

     6,200        162,443  

Fujibo Holdings, Inc.

     1,400        33,329  

Goldwin, Inc.(a)

     800        116,511  

Gunze Ltd.(a)

     1,600        64,688  

Japan Wool Textile Co., Ltd. (The)

     11,800      100,532  

Kurabo Industries Ltd.

     2,600        47,708  

Onward Holdings Co., Ltd.

     25,739        136,038  

Seiko Holdings Corp.(a)

     6,900        164,263  

Seiren Co., Ltd.(a)

     6,200        91,584  

Wacoal Holdings Corp.

     8,000        198,907  

Yondoshi Holdings, Inc.

     3,600        67,782  
     

 

 

 
Total Textiles, Apparel & Luxury Goods

 

     1,554,612  
Thrifts & Mortgage Finance – 0.0%

 

Aruhi Corp.(a)

     1,700        33,836  
Trading Companies & Distributors – 2.3%

 

Advan Co., Ltd.

     5,200        47,873  

Alconix Corp.(a)

     3,100        32,012  

Daiichi Jitsugyo Co., Ltd.

     2,000        57,731  

Gecoss Corp.

     3,000        28,053  

Hanwa Co., Ltd.(a)

     6,100        170,019  

Inaba Denki Sangyo Co., Ltd.

     3,600        139,369  

Inabata & Co., Ltd.

     9,400        127,813  

Japan Pulp & Paper Co., Ltd.

     1,600        59,990  

Kamei Corp.

     3,600        38,314  

Kanamoto Co., Ltd.

     2,500        61,887  

Kanematsu Corp.

     12,500        142,860  

Nagase & Co., Ltd.

     13,600        195,242  

Nippon Steel & Sumikin Bussan Corp.

     5,196        211,248  

Nishio Rent All Co., Ltd.

     1,900        54,759  

Onoken Co., Ltd.(a)

     3,100        43,468  

Sanyo Trading Co., Ltd.(a)

     1,200        20,285  

Sato Shoji Corp.

     3,700        30,253  

Seika Corp.

     1,500        18,376  

Shinsho Corp.

     1,700        39,657  

Trusco Nakayama Corp.

     4,400        121,841  

Wakita & Co., Ltd.

     5,200        51,913  

Yamazen Corp.

     13,400        141,282  

Yuasa Trading Co., Ltd.

     2,600        73,289  
     

 

 

 
Total Trading Companies & Distributors

 

     1,907,534  
Transportation Infrastructure – 0.5%

 

Kamigumi Co., Ltd.

     10,500        243,231  

Mitsubishi Logistics Corp.(a)

     5,900        164,710  

Nissin Corp.

     1,400        23,438  
     

 

 

 
Total Transportation Infrastructure

 

     431,379  

TOTAL COMMON STOCKS

(Cost: $90,788,002)

              82,236,537  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.4%

 

United States – 5.4%      

State Street Navigator Securities Lending Government Money Market Portfolio, 2.46%(b)

     
(Cost: $4,509,372)(c)      4,509,372        4,509,372  

TOTAL INVESTMENTS IN SECURITIES – 104.4%

(Cost: $95,297,374)

        86,745,909  

Other Assets less Liabilities – (4.4)%

        (3,649,266
     

 

 

 
NET ASSETS – 100.0%             $ 83,096,643  

 

See Notes to Financial Statements.

 

44   WisdomTree Trust


Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

March 31, 2019

 

 

 

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2019 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2019.

 

(c) 

At March 31, 2019, the total market value of the Fund’s securities on loan identified in the Schedule of Investments was $23,787,029 and the total market value of the collateral held by the Fund was $25,177,926. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $20,668,554.

 

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.

    4/3/2019       1,960,978,472       JPY       17,718,719       USD     $     $ (592

Bank of America N.A.

    4/3/2019       19,446,394       USD       2,159,683,458       JPY             (67,102

Bank of America N.A.

    5/9/2019       17,373,316       USD       1,917,435,554       JPY             (4,939

Barclays Bank PLC

    4/3/2019       1,960,983,787       JPY       17,718,719       USD             (544

Barclays Bank PLC

    4/3/2019       19,446,394       USD       2,159,660,123       JPY             (66,891

Barclays Bank PLC

    5/9/2019       17,373,316       USD       1,917,444,241       JPY             (5,017

Canadian Imperial Bank of Commerce

    4/3/2019       19,446,394       USD       2,159,837,085       JPY             (68,490

Citibank N.A.

    4/3/2019       446,779,696       JPY       4,017,850       USD       18,961        

Citibank N.A.

    4/3/2019       1,960,989,103       JPY       17,718,719       USD             (496

Citibank N.A.

    4/3/2019       19,446,394       USD       2,159,652,344       JPY             (66,821

Citibank N.A.

    5/9/2019       17,373,316       USD       1,917,498,098       JPY             (5,506

Credit Suisse International

    4/3/2019       1,960,934,175       JPY       17,718,719       USD             (993

Credit Suisse International

    5/9/2019       17,373,316       USD       1,917,478,988       JPY             (5,332

Goldman Sachs

    4/3/2019       10,607,128       USD       1,177,984,146       JPY             (36,371

UBS AG

    4/3/2019       1,494,083,065       JPY       13,499,978       USD             (415

UBS AG

    5/9/2019       13,236,816       USD       1,460,944,734       JPY             (4,135
                                            $ 18,961     $ (333,644

 

CURRENCY LEGEND
JPY   Japanese yen
USD   U.S. dollar

 

See Notes to Financial Statements.

 

WisdomTree Trust      45  


Table of Contents

Statements of Assets and Liabilities

WisdomTree Trust

March 31, 2019

 

 

 

     

WisdomTree

Europe Hedged

Equity Fund

    

WisdomTree

Europe Hedged
SmallCap

Equity Fund

     WisdomTree
Germany
Hedged Equity
Fund
    

WisdomTree
International

Hedged Quality
Dividend

Growth Fund

    

WisdomTree

Japan Hedged

Equity Fund

    

WisdomTree

Japan Hedged
SmallCap

Equity Fund

 

ASSETS:

                 

Investments, at cost

   $ 4,016,273,244      $ 132,014,468      $ 58,265,329      $ 439,798,515      $ 3,640,284,177      $ 95,297,374  

Foreign currency, at cost

            865,721        8,929        126,196        4,502,477        176,619  

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

     3,750,602,719        127,424,066        50,699,600        443,618,187        3,327,679,976        86,745,909  

Cash

     1,440        4,325        1,730        297,285        179,232        55,327  

Foreign currency, at value

            865,713        8,867        126,153        4,496,962        176,368  

Unrealized appreciation on foreign currency contracts

     60,814,813        2,022,872        866,801        4,804,463        4,468,481        18,961  

Receivables:

                 

Investment securities sold

     18,773,139                             58,064,624         

Capital shares sold

     462                             5,405         

Dividends

     1,669,382        331,529        173,318        1,652,758        38,734,292        976,892  

Securities lending income

     242,078        25,386               20,778        54,094        8,353  

Foreign tax reclaims

     12,090,378        226,565        605,958        1,509,092                

Total Assets

     3,844,194,411        130,900,456        52,356,274        452,028,716        3,433,683,066        87,981,810  

LIABILITIES:

                 

Foreign currency due to custodian, at value

     209,096                                     

Unrealized depreciation on foreign currency contracts

     2,331,577        68,824        16,636        320,463        16,884,082        333,644  

Payables:

                 

Cash collateral received for securities loaned (Note 2)

     29,943,930        8,591,779               10,577,670        102,390,479        4,509,372  

Investment securities purchased

     46,484,095        1,508,300        777,473        2,206,544                

Capital shares redeemed

     18,979,309                             58,614,994         

Advisory fees (Note 3)

     1,873,930        60,508        21,292        214,609        1,364,036        41,834  

Service fees (Note 2)

     14,216        459        196        1,628        12,504        317  

Total Liabilities

     99,836,153        10,229,870        815,597        13,320,914        179,266,095        4,885,167  

NET ASSETS

   $ 3,744,358,258      $ 120,670,586      $ 51,540,677      $ 438,707,802      $ 3,254,416,971      $ 83,096,643  

NET ASSETS:

                 

Paid-in capital

   $ 5,643,944,760      $ 140,123,714      $ 86,602,631      $ 441,010,169      $ 5,214,460,682      $ 109,894,033  

Total distributable earnings (loss)

     (1,899,586,502      (19,453,128      (35,061,954      (2,302,367      (1,960,043,711      (26,797,390

NET ASSETS

   $ 3,744,358,258      $ 120,670,586      $ 51,540,677      $ 438,707,802      $ 3,254,416,971      $ 83,096,643  

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

     58,600,000        4,000,000        1,800,000        13,650,000        64,550,000        2,100,000  

Net asset value per share

   $ 63.90      $ 30.17      $ 28.63      $ 32.14      $ 50.42      $ 39.57  

1 Includes market value of securities out on loan of:

   $ 35,415,714      $ 15,888,744             $ 14,937,774      $ 212,957,582      $ 23,787,029  

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

  

  

 

See Notes to Financial Statements.

 

46   WisdomTree Trust


Table of Contents

Statements of Operations

WisdomTree Trust

For the Year Ended March 31, 2019

 

 

 

     

WisdomTree

Europe Hedged

Equity Fund

    

WisdomTree

Europe Hedged
SmallCap

Equity Fund

     WisdomTree
Germany
Hedged Equity
Fund
    

WisdomTree
International
Hedged Quality

Dividend

Growth Fund

    

WisdomTree

Japan Hedged

Equity Fund

    

WisdomTree

Japan Hedged
SmallCap

Equity Fund

 

INVESTMENT INCOME:

 

  

Dividends1

   $ 148,028,905      $ 6,171,403      $ 2,917,936      $ 12,361,629      $ 125,047,545      $ 2,404,963  

Non-cash dividends

     20,914,833        328,071               127,767                

Securities lending income (Note 2)

     2,985,524        267,701        45        286,578        916,026        96,282  

Total investment income

     171,929,262        6,767,175        2,917,981        12,775,974        125,963,571        2,501,245  

EXPENSES:

 

  

Advisory fees (Note 3)

     28,986,835        950,073        337,783        2,791,301        24,710,787        814,121  

Service fees (Note 2)

     219,900        7,208        3,096        21,176        226,516        6,176  

Total expenses

     29,206,735        957,281        340,879        2,812,477        24,937,303        820,297  

Net investment income

     142,722,527        5,809,894        2,577,102        9,963,497        101,026,268        1,680,948  

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

 

  

Net realized gain (loss) from:

 

  

Investment transactions

     (63,359,433      (4,001,541      (342,459      (11,249,061      (59,464,942      1,494,203  

In-kind redemptions

     198,375,404        8,477,297        2,566,821        37,552,231        213,006,676        16,753,052  

Foreign currency contracts

     549,016,419        17,030,756        7,751,364        42,244,062        360,831,802        11,698,426  

Foreign currency related transactions

     (33,786      (24,894      (991      87,413        (2,678,454      (95,070

Net realized gain

     683,998,604        21,481,618        9,974,735        68,634,645        511,695,082        29,850,611  

Net increase (decrease) in unrealized appreciation/depreciation:

                 

Investment transactions

     (743,920,042      (35,392,978      (17,419,840      (65,452,063      (1,075,475,386      (41,596,999

Foreign currency contracts

     94,210,160        2,874,787        1,414,393        5,192,153        18,855,185        (139,986

Translation of assets and liabilities denominated in foreign currencies

     (1,722,889      (21,849      (66,207      (69,670      (35,232      39  

Net decrease in unrealized appreciation/depreciation

     (651,432,771      (32,540,040      (16,071,654      (60,329,580      (1,056,655,433      (41,736,946

Net realized and unrealized gain (loss) on investments

     32,565,833        (11,058,422      (6,096,919      8,305,065        (544,960,351      (11,886,335

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 175,288,360      $ (5,248,528    $ (3,519,817    $ 18,268,562      $ (443,934,083    $ (10,205,387

1 Net of foreign withholding tax of:

   $ 26,119,033      $ 1,042,979      $ 429,229      $ 1,146,886      $ 13,895,373      $ 273,725  

 

See Notes to Financial Statements.

 

WisdomTree Trust      47  


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

 

 

 

 

     

WisdomTree Europe

Hedged Equity Fund

    

WisdomTree Europe

Hedged SmallCap Equity Fund

    

WisdomTree Germany

Hedged Equity Fund

 
     

For the

Year Ended

March 31, 2019

    

For the

Year Ended

March 31, 2018

    

For the

Year Ended
March 31, 2019

    

For the

Year Ended
March 31, 2018

    

For the

Year Ended
March 31, 2019

    

For the

Year Ended
March 31, 2018

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 142,722,527      $ 164,056,097      $ 5,809,894      $ 3,823,229      $ 2,577,102      $ 3,178,901  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

     683,998,604        (581,912,220      21,481,618        (9,562,308      9,974,735        (10,598,776

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (651,432,771      665,756,677        (32,540,040      20,133,398        (16,071,654      13,348,528  

Net increase (decrease) in net assets resulting from operations

     175,288,360        247,900,554        (5,248,528      14,394,319        (3,519,817      5,928,653  

DISTRIBUTIONS TO SHAREHOLDERS1:

 

Distributable earnings

     (113,154,749      (205,511,362      (3,894,030      (2,354,900      (1,590,516      (2,509,207

Tax return of capital

     (15,257,371                    (58,350      (525,501      (845,543

Total distributions to shareholders

     (128,412,120      (205,511,362      (3,894,030      (2,413,250      (2,116,017      (3,354,750

CAPITAL SHARE TRANSACTIONS:

 

Net proceeds from sale of shares

     29,284,459        462,153,844        58,132,712        28,698,048        4,431,404        1,669,276  

Cost of shares redeemed

     (2,664,748,283      (3,471,771,615      (82,943,579      (41,649,166      (38,557,229      (37,589,190

Net decrease in net assets resulting from capital share transactions

     (2,635,463,824      (3,009,617,771      (24,810,867      (12,951,118      (34,125,825      (35,919,914

Net Decrease in Net Assets

     (2,588,587,584      (2,967,228,579      (33,953,425      (970,049      (39,761,659      (33,346,011

NET ASSETS:

 

Beginning of year

   $ 6,332,945,842      $ 9,300,174,421      $ 154,624,011      $ 155,594,060      $ 91,302,336      $ 124,648,347  

End of year2

   $ 3,744,358,258      $ 6,332,945,842      $ 120,670,586      $ 154,624,011      $ 51,540,677      $ 91,302,336  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     101,050,000        148,100,000        5,050,000        5,500,000        2,950,000        4,100,000  

Shares created

     450,000        7,100,000        1,800,000        950,000        150,000        50,000  

Shares redeemed

     (42,900,000      (54,150,000      (2,850,000      (1,400,000      (1,300,000      (1,200,000

Shares outstanding, end of year

     58,600,000        101,050,000        4,000,000        5,050,000        1,800,000        2,950,000  

1 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed (distributions in excess of) net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributed(Distributions in excess of) net investment income included in the net assets

      $ 15,797,064         $ (198,790       $ (100,164

 

See Notes to Financial Statements.

 

48   WisdomTree Trust


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

 

 

 

 

     

WisdomTree International

Hedged Quality Dividend Growth Fund

    

WisdomTree Japan

Hedged Equity Fund

    

WisdomTree Japan

Hedged SmallCap Equity Fund

 
     

For the

Year Ended
March 31, 2019

    

For the

Year Ended
March 31, 2018

    

For the

Year Ended
March 31, 2019

    

For the

Year Ended
March 31, 2018

    

For the

Year Ended
March 31, 2019

    

For the

Year Ended
March 31, 2018

 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

 

Net investment income

   $ 9,963,497      $ 9,817,857      $ 101,026,268      $ 140,746,169      $ 1,680,948      $ 2,562,966  

Net realized gain (loss) on investments, foreign currency contracts and foreign currency related transactions

     68,634,645        (27,297,499      511,695,082        486,842,324        29,850,611        272,594  

Net increase (decrease) in unrealized appreciation/depreciation on investments, foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (60,329,580      59,139,325        (1,056,655,433      503,760,938        (41,736,946      21,970,927  

Net increase (decrease) in net assets resulting from operations

     18,268,562        41,659,683        (443,934,083      1,131,349,431        (10,205,387      24,806,487  

DISTRIBUTIONS TO SHAREHOLDERS1:

 

Distributable earnings

     (1,740,568      (2,883,500      (146,097,231      (218,205,485      (2,960,022      (2,644,796

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

     86,584,594        110,682,170        569,935,610        1,216,292,660               108,408,785  

Cost of shares redeemed

     (207,596,639      (85,993,497      (3,332,487,004      (3,934,107,108      (111,171,524      (38,697,447

Net increase (decrease) in net assets resulting from capital share transactions

     (121,012,045      24,688,673        (2,762,551,394      (2,717,814,448      (111,171,524      69,711,338  

Net Increase (Decrease) in Net Assets

     (104,484,051      63,464,856        (3,352,582,708      (1,804,670,502      (124,336,933      91,873,029  

NET ASSETS:

                 

Beginning of year

   $ 543,191,853      $ 479,726,997      $ 6,606,999,679      $ 8,411,670,181      $ 207,433,576      $ 115,560,547  

End of year2

   $ 438,707,802      $ 543,191,853      $ 3,254,416,971      $ 6,606,999,679      $ 83,096,643      $ 207,433,576  

SHARES CREATED AND REDEEMED:

 

Shares outstanding, beginning of year

     17,650,000        16,900,000        118,500,000        166,900,000        4,700,000        3,100,000  

Shares created

     2,700,000        3,600,000        10,050,000        22,000,000               2,500,000  

Shares redeemed

     (6,700,000      (2,850,000      (64,000,000      (70,400,000      (2,600,000      (900,000

Shares outstanding, end of year

     13,650,000        17,650,000        64,550,000        118,500,000        2,100,000        4,700,000  

1 Amounts for the fiscal year ended March 31, 2018 have been reclassified to match the current fiscal year presentation which conforms to the “Disclosure Update and Simplification” amendments adopted by the SEC and which became effective November 5, 2018. The amounts shown for the fiscal year ended March 31, 2018 represents a distribution entirely from net investment income. See Note 7 in the Notes to Financial Statements for more information.

  

2 The “Disclosure Update and Simplification” amendments adopted by the SEC removed the requirement to disclose the amounts pertaining to undistributed (distributions in excess of) net investment income included in net assets for the current fiscal year ended March 31, 2019. The undistributed (distributions in excess of) net investment income included in the net assets for the fiscal year ended March 31, 2018 were as follows:

  

Undistributed(Distributions in excess of) net investment income included in the net assets

      $ (1,813,823       $ 106,092,832         $ 2,698,485  

 

See Notes to Financial Statements.

 

WisdomTree Trust      49  


Table of Contents

Financial Highlights

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Europe Hedged Equity Fund    For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 62.67      $ 62.80      $ 52.04      $ 66.16      $ 56.40  

Investment operations:

              

Net investment income1

     1.79        1.23        1.70        1.29        1.14  

Net realized and unrealized gain (loss)

     0.90        0.08        10.59        (10.26      11.83  

Total from investment operations

     2.69        1.31        12.29        (8.97      12.97  

Dividends and distributions to shareholders:

              

Net investment income

     (1.29      (1.44      (1.53      (1.35      (1.19

Capital gains

                          (3.80      (2.02

Tax return of capital

     (0.17                            

Total dividends and distributions to shareholders

     (1.46      (1.44      (1.53      (5.15      (3.21

Net asset value, end of year

   $ 63.90      $ 62.67      $ 62.80      $ 52.04      $ 66.16  

TOTAL RETURN2

     4.33      2.03      24.20      (13.85 )%       24.02

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 3,744,358      $ 6,332,946      $ 9,300,174      $ 13,716,953      $ 17,544,485  

Ratios to average net assets of:

              

Expenses

     0.58      0.58      0.58      0.58      0.59 %3 

Net investment income

     2.86      1.91      3.13      2.19      1.91

Portfolio turnover rate4

     18      20      24      29      12

 

           
WisdomTree Europe Hedged SmallCap
Equity Fund
   For the
Year Ended
March 31, 2019
     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

   $ 30.62      $ 28.29      $ 23.90      $ 25.94      $ 24.87  

Investment operations:

              

Net investment income1

     1.06        0.74        0.81        0.61        0.13  

Net realized and unrealized gain (loss)

     (0.89      2.05        4.25        (1.57      0.94  

Total from investment operations

     0.17        2.79        5.06        (0.96      1.07  

Dividends and distributions to shareholders:

              

Net investment income

     (0.62      (0.45      (0.67      (1.02       

Capital gains

                          (0.06       

Tax return of capital

            (0.01                     

Total dividends and distributions to shareholders

     (0.62      (0.46      (0.67      (1.08       

Net asset value, end of period

   $ 30.17      $ 30.62      $ 28.29      $ 23.90      $ 25.94  

TOTAL RETURN2

     0.54      9.88      21.62      (3.79 )%       4.30

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 120,671      $ 154,624      $ 155,594      $ 267,708      $ 125,829  

Ratios to average net assets of:

              

Expenses

     0.58      0.58      0.58      0.58      0.58 %5 

Net investment income

     3.55      2.43      3.27      2.47      6.87 %5 

Portfolio turnover rate4

     37      37      41      39      1

 

* 

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 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.58%.

 

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 

Annualized.

 

See Notes to Financial Statements.

 

50   WisdomTree Trust


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

WisdomTree Germany Hedged Equity
Fund
   For the
Year Ended
March 31, 2019
     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

 

Net asset value, beginning of year

   $ 30.95      $ 30.40      $ 25.54      $ 31.38      $ 26.98  

Investment operations:

              

Net investment income1

     1.10        0.87        0.84        0.60        0.16  

Net realized and unrealized gain (loss)

     (2.64      0.54        4.99        (5.05      5.90  

Total from investment operations

     (1.54      1.41        5.83        (4.45      6.06  

Dividends and distributions to shareholders:

              

Net investment income

     (0.59      (0.64      (0.97      (0.73      (0.41

Capital gains

                          (0.66      (1.25

Tax return of capital

     (0.19      (0.22                     

Total dividends and distributions to shareholders

     (0.78      (0.86      (0.97      (1.39      (1.66

Net asset value, end of year

   $ 28.63      $ 30.95      $ 30.40      $ 25.54      $ 31.38  

TOTAL RETURN2

     (5.07 )%       4.63      23.62      (14.44 )%       23.70

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 51,541      $ 91,302      $ 124,648      $ 200,501      $ 291,816  

Ratios to average net assets of:

              

Expenses

     0.48      0.48      0.48      0.48      0.49 %3 

Net investment income

     3.66      2.78      3.14      2.18      0.55

Portfolio turnover rate4

     16      20      28      38      11

 

           
WisdomTree International Hedged
Quality Dividend Growth Fund
   For the
Year Ended
March 31, 2019
     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

   $ 30.78      $ 28.39      $ 25.73      $ 26.99      $ 24.90  

Investment operations:

              

Net investment income1

     0.64        0.58        0.56        0.71        0.90  

Net realized and unrealized gain (loss)

     0.83        1.99        2.80        (1.17      2.18  

Total from investment operations

     1.47        2.57        3.36        (0.46      3.08  

Dividends and distributions to shareholders:

              

Net investment income

     (0.11      (0.18      (0.70      (0.55      (0.23

Capital gains

                          (0.25      (0.76

Total dividends and distributions to shareholders

     (0.11      (0.18      (0.70      (0.80      (0.99

Net asset value, end of period

   $ 32.14      $ 30.78      $ 28.39      $ 25.73      $ 26.99  

TOTAL RETURN2

     4.78      9.05      13.26      (1.73 )%       12.78

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of period (000’s omitted)

   $ 438,708      $ 543,192      $ 479,727      $ 732,050      $ 206,452  

Ratios to average net assets of:

              

Expenses

     0.58      0.58      0.58      0.58 %5       0.58 %6 

Net investment income

     2.07      1.89      2.14      2.75      3.89 %6 

Portfolio turnover rate4

     56      42      53      48      14

 

* 

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 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48%.

 

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.

 

6 

Annualized.

 

See Notes to Financial Statements.

 

WisdomTree Trust      51  


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

Selected data for a share of beneficial interest outstanding throughout the period is presented below:

 

 

 

WisdomTree Japan Hedged Equity
Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 55.76      $ 50.40      $ 43.85      $ 55.03      $ 47.50  

Investment operations:

              

Net investment income1

     1.06        0.92        0.86        0.80        0.91  

Net realized and unrealized gain (loss)

     (5.03      5.81        6.67        (9.00      12.34  

Total from investment operations

     (3.97      6.73        7.53        (8.20      13.25  

Dividends and distributions to shareholders:

              

Net investment income

     (1.37      (1.37      (0.98      (0.76      (0.94

Capital gains

                          (2.22      (4.78

Total dividends and distributions to shareholders

     (1.37      (1.37      (0.98      (2.98      (5.72

Net asset value, end of year

   $ 50.42      $ 55.76      $ 50.40      $ 43.85      $ 55.03  

TOTAL RETURN2

     (7.20 )%       13.45      17.45      (15.64 )%       29.30

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 3,254,417      $ 6,607,000      $ 8,411,670      $ 9,737,132      $ 15,806,850  

Ratios to average net assets of:

              

Expenses

     0.48      0.48      0.48      0.48      0.49 %3 

Net investment income

     1.96      1.67      1.91      1.52      1.81

Portfolio turnover rate4

     23      18      37      27      31

 

           
WisdomTree Japan Hedged SmallCap
Equity Fund
   For the
Year Ended
March 31, 2019
     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
 

Net asset value, beginning of year

   $ 44.13      $ 37.28      $ 31.24      $ 33.65      $ 29.08  

Investment operations:

              

Net investment income1

     0.51        0.64        0.70        0.41        0.47  

Net realized and unrealized gain (loss)

     (4.31      6.91        5.94        (1.59      6.74  

Total from investment operations

     (3.80      7.55        6.64        (1.18      7.21  

Dividends and distributions to shareholders:

              

Net investment income

     (0.76      (0.70      (0.60      (0.35      (0.41

Capital gains

                          (0.88      (2.23

Total dividends and distributions to shareholders

     (0.76      (0.70      (0.60      (1.23      (2.64

Net asset value, end of year

   $ 39.57      $ 44.13      $ 37.28      $ 31.24      $ 33.65  

TOTAL RETURN2

     (8.77 )%       20.42      21.64      (3.83 )%5       25.86

RATIOS/SUPPLEMENTAL DATA:

              

Net assets, end of year (000’s omitted)

   $ 83,097      $ 207,434      $ 115,561      $ 90,584      $ 117,762  

Ratios to average net assets of:

              

Expenses

     0.58      0.58      0.58      0.58      0.59 %3 

Net investment income

     1.20      1.51      2.11      1.20      1.52

Portfolio turnover rate4

     38      30      48      45      41

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period.

 

3 

Included in the expense ratio are proxy expenses. Without these proxy expenses, the expense ratio would have been 0.48% and 0.58%, for WisdomTree Japan Hedged Equity Fund and WisdomTree Japan Hedged SmallCap Equity Fund, respectively.

 

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.

 

See Notes to Financial Statements.

 

52   WisdomTree Trust


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, 2019, the Trust consisted of 76 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 Europe Hedged Equity Fund (“Europe Hedged Equity Fund’’)

     December 31, 2009  

WisdomTree Europe Hedged SmallCap Equity Fund (“Europe Hedged SmallCap Equity Fund’’)

     March 4, 2015  

WisdomTree Germany Hedged Equity Fund (“Germany Hedged Equity Fund’’)

     October 17, 2013  

WisdomTree International Hedged Quality Dividend Growth Fund (“International Hedged Quality Dividend Growth Fund’’)

     May 7, 2014  

WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund’’)

     June 16, 2006  

WisdomTree Japan Hedged SmallCap Equity Fund (“Japan Hedged SmallCap Equity Fund’’)

     June 28, 2013  

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments’’). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified as defined under the 1940 Act.

In the normal course of business, the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and believes such exposure to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants.

The following is a summary of significant accounting policies followed by the Funds:

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions (e.g. broker-dealers) may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees of the Trust (the “Board of Trustees”). Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last 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.

 

WisdomTree Trust      53  


Table of Contents

Notes to Financial Statements (continued)

 

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).

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.

 

54   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

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 following is a summary of the fair valuations according to the inputs used as of March 31, 2019 in valuing each Fund’s assets:

 

       
Europe Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 3,720,658,789      $      $  

Investment of Cash Collateral for Securities Loaned

            29,943,930         

Total

   $ 3,720,658,789      $ 29,943,930      $  

Unrealized Appreciation on Foreign Currency Contracts

            60,814,813         

Unrealized Depreciation on Foreign Currency Contracts

            (2,331,577       

Total - Net

   $ 3,720,658,789      $ 88,427,166      $  
        
       
Europe Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 118,832,287      $      $  

Investment of Cash Collateral for Securities Loaned

            8,591,779         

Total

   $ 118,832,287      $ 8,591,779      $  

Unrealized Appreciation on Foreign Currency Contracts

            2,022,872         

Unrealized Depreciation on Foreign Currency Contracts

            (68,824       

Total – Net

   $ 118,832,287      $ 10,545,827      $  
        
       
Germany Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 50,699,600      $      $  

Total

   $ 50,699,600      $      $  

Unrealized Appreciation on Foreign Currency Contracts

            866,801         

Unrealized Depreciation on Foreign Currency Contracts

            (16,636       

Total – Net

   $ 50,699,600      $ 850,165      $  
        
       
International Hedged Quality Dividend Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 433,040,517      $      $  

Investment of Cash Collateral for Securities Loaned

            10,577,670         

Total

   $ 433,040,517      $ 10,577,670      $  

Unrealized Appreciation on Foreign Currency Contracts

            4,804,463         

Unrealized Depreciation on Foreign Currency Contracts

            (320,463       

Total - Net

   $ 433,040,517      $ 15,061,670      $  
        
       
Japan Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Electronic Equipment, Instruments & Components

   $ 142,676,854      $ 1,227,997      $  

Other*

     3,081,384,646                

Investment of Cash Collateral for Securities Loaned

            102,390,479         

Total

   $ 3,224,061,500      $ 103,618,476      $  

Unrealized Appreciation on Foreign Currency Contracts

            4,468,481         

Unrealized Depreciation on Foreign Currency Contracts

            (16,884,082       

Total – Net

   $ 3,224,061,500      $ 91,202,875      $         —  

 

WisdomTree Trust      55  


Table of Contents

Notes to Financial Statements (continued)

 

       
Japan Hedged SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Electronic Equipment, Instruments & Components

   $ 4,520,175      $ 38,837      $  

Other*

     77,677,525                

Investment of Cash Collateral for Securities Loaned

            4,509,372         

Total

   $ 82,197,700      $ 4,548,209      $  

Unrealized Appreciation on Foreign Currency Contracts

            18,961         

Unrealized Depreciation on Foreign Currency Contracts

            (333,644       

Total - Net

   $ 82,197,700      $ 4,233,526      $         —  
  *

Please refer to the Schedule of Investments for a breakdown of the valuation by industry type and/or country.

During the fiscal year ended March 31, 2019, 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, 2019 and open positions in such derivatives as of March 31, 2019 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, 2019 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 page 60. At March 31, 2019, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature. Information with respect to the amounts and types of collateral received and/or posted for derivative instruments as of March 31, 2019, if any, is reflected as a footnote below the respective derivatives tables on each Fund’s Schedule of Investments.

As of March 31, 2019, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

     
     Asset Derivatives      Liability Derivatives  
Fund    Balance Sheet Location    Value      Balance Sheet Location    Value  

Europe Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 60,814,813      Unrealized depreciation on foreign currency contracts    $ 2,331,577  

Europe Hedged SmallCap Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     2,022,872      Unrealized depreciation on
foreign currency contracts
     68,824  

Germany Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     866,801      Unrealized depreciation on
foreign currency contracts
     16,636  

International Hedged Quality Dividend Growth Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     4,804,463      Unrealized depreciation on
foreign currency contracts
     320,463  

Japan Hedged Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     4,468,481      Unrealized depreciation on
foreign currency contracts
     16,884,082  

Japan Hedged SmallCap Equity Fund

 

Foreign exchange contracts

   Unrealized appreciation on
foreign currency contracts
     18,961      Unrealized depreciation on
foreign currency contracts
     333,644  

 

56   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

For the fiscal year ended March 31, 2019, 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
 

Europe Hedged Equity Fund

     

Foreign exchange contracts

   $ 549,016,419      $ 94,210,160  

Europe Hedged SmallCap Equity Fund

     

Foreign exchange contracts

     17,030,756        2,874,787  

Germany Hedged Equity Fund

     

Foreign exchange contracts

     7,751,364        1,414,393  

International Hedged Quality Dividend Growth Fund

     

Foreign exchange contracts

     42,244,062        5,192,153  

Japan Hedged Equity Fund

     

Foreign exchange contracts

     360,831,802        18,855,185  

Japan Hedged SmallCap Equity Fund

     

Foreign exchange contracts

     11,698,426        (139,986

 

  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, 2019, 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)

 

Europe Hedged Equity Fund

 

Foreign exchange contracts

   $ 5,242,421,510      $ 10,200,705,263  

Europe Hedged SmallCap Equity Fund

 

Foreign exchange contracts

     167,940,016        327,586,260  

Germany Hedged Equity Fund

 

Foreign exchange contracts

     74,332,799        144,810,036  

International Hedged Quality Dividend Growth Fund

 

Foreign exchange contracts

     499,392,884        978,876,270  

Japan Hedged Equity Fund

 

Foreign exchange contracts

     5,471,004,547        10,557,044,640  

Japan Hedged SmallCap Equity Fund

 

Foreign exchange contracts

     151,401,417        292,200,424  

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

 

WisdomTree Trust      57  


Table of Contents

Notes to Financial Statements (continued)

 

(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 (“AFFEs”) (which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies) are not operating expenses of the Funds and are not paid by WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% per annum of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into foreign currency forward and foreign currency futures contracts to facilitate local securities settlements or to protect against currency exposure. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — The Funds utilized forward foreign currency contracts (“Forward Contracts”) to obtain a net short exposure to foreign currencies consistent with each Fund’s investment objective. A Forward Contract involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

Risks may arise upon entering into Forward Contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other.

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds and included in net increase (decrease) in unrealized appreciation (depreciation) from foreign currency contracts on the Statements of Operations. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have settled are included in net realized gain (loss) from foreign currency contracts on the Statements of Operations.

 

58   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or 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. In the event of a borrower default with respect to the failure to return to each Fund some or all of the securities loaned, the securities lending agent shall indemnify each Fund against the failure of the borrower.

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”), such as total return swap contracts and Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

The Funds’ security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Funds and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.

 

WisdomTree Trust      59  


Table of Contents

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, 2019, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     
    Assets     Liabilities  
   

Gross Amounts
in the

Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

   

Gross Amounts
in the

Statements of

Assets and
Liabilities

    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
   

Net Amount

 
Fund   Financial
Instruments
    Collateral
Received
    Financial
Instruments
    Collateral
Posted
 

Europe Hedged Equity Fund

 

Securities Lending

  $ 35,415,714     $     $ (35,415,714 )1    $     $     $     $     $  

Foreign Currency Contracts

    60,814,813       (2,331,577           58,483,236       2,331,577       (2,331,577            

Europe Hedged SmallCap Equity Fund

 

Securities Lending

    15,888,744             (15,888,744 )1                               

Foreign Currency Contracts

    2,022,872       (67,603           1,955,269       68,824       (67,603           1,221  

Germany Hedged Equity Fund

 

Foreign Currency Contracts

    866,801       (1,609           865,192       16,636       (1,609           15,027  

International Hedged Quality Dividend
Growth Fund

 

Securities Lending

    14,937,774             (14,937,774 )1                               

Foreign Currency Contracts

    4,804,463       (305,070           4,499,393       320,463       (305,070           15,393  

Japan Hedged Equity Fund

 

Securities Lending

    212,957,582             (212,957,582 )1                               

Foreign Currency Contracts

    4,468,481       (4,468,481                 16,884,082       (4,468,481           12,415,601  

Japan Hedged SmallCap Equity Fund

 

Securities Lending

    23,787,029             (23,787,029 )1                               

Foreign Currency Contracts

    18,961       (18,961                 333,644       (18,961           314,683  
  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 Mellon Investments Corporation (‘‘Mellon”) to provide sub-advisory services to the

 

60   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

Funds. Mellon is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee, accrued daily and paid monthly in arrears, of up to 0.0044% per annum of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

   
Fund   

Advisory

Fee Rate

 

Europe Hedged Equity Fund

     0.58

Europe Hedged SmallCap Equity Fund

     0.58

Germany Hedged Equity Fund

     0.48

International Hedged Quality Dividend Growth Fund

     0.58

Japan Hedged Equity Fund

     0.48

Japan Hedged SmallCap Equity Fund

     0.58

During the fiscal year ended March 31, 2019, 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, 2019, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

       
Fund    Purchases      Sales      Net Realized
Gain/(Loss)
 

Europe Hedged Equity Fund

   $ 39,737,547      $ 36,650,074      $ 3,285  

Europe Hedged SmallCap Equity Fund

     6,028,052        16,971,749        (1,931,088

Germany Hedged Equity Fund

     470,900        1,823,617        (196,590

International Hedged Quality Dividend Growth Fund

     73,654,665        53,992,452        (668,612

Japan Hedged Equity Fund

     34,043,531        45,013,975        (690,315

Japan Hedged SmallCap Equity Fund

     5,157,252        7,943,417        801,201  

Related Party Transactions — WTAM or its affiliates may from time to time own shares of a Fund. As of March 31, 2019, 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 and
Distributions paid to
WTAM on
Fund Shares
held by WTAM
 

International Hedged Quality Dividend Growth Fund

     48      $ 1,546      $ 2  

Japan Hedged Equity Fund

     17        860        133  

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2019, 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.

 

WisdomTree Trust      61  


Table of Contents

Notes to Financial Statements (continued)

 

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, 2019 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

       
                   In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Europe Hedged Equity Fund

   $ 1,507,923,903      $ 873,636,201      $      $ 2,628,949,995  

Europe Hedged SmallCap Equity Fund

     80,683,360        58,603,138        57,090,139        82,331,434  

Germany Hedged Equity Fund

     19,739,378        10,862,240        4,377,355        37,899,399  

International Hedged Quality Dividend Growth Fund

     317,866,453        267,440,050        82,903,975        201,116,247  

Japan Hedged Equity Fund

     1,409,470,620        1,147,913,027        506,468,599        3,162,295,219  

Japan Hedged SmallCap Equity Fund

     63,610,237        53,112,922               110,218,256  

6. FEDERAL INCOME TAXES

At March 31, 2019, the cost of investments (including securities on loan and derivatives) for Federal income tax purposes was as follows:

 

         
    Investments in Long Securities           Investments in Financial Derivatives1        
Fund   Tax Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
           Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net Unrealized
Appreciation/
(Depreciation)
    Total Net
Unrealized
Appreciation/
(Depreciation)
 

Europe Hedged Equity Fund

  $ 4,048,058,163     $ 481,884,483     $ (779,339,926   $ (297,455,443           $     $     $     $ (297,455,443

Europe Hedged SmallCap Equity Fund

    132,542,107       10,637,007       (15,755,048     (5,118,041                   (48     (48     (5,118,089

Germany Hedged Equity Fund

    58,319,470       4,221,766       (11,841,637     (7,619,871                   (22     (22     (7,619,893

International Hedged Quality Dividend Growth Fund

    441,528,643       42,494,573       (40,405,029     2,089,544               758,633       (9,397     749,236       2,838,780  

Japan Hedged Equity Fund

    3,653,889,598       216,288,491       (542,498,113     (326,209,622             728       (1,728     (1,000     (326,210,622

Japan Hedged SmallCap Equity Fund

    95,466,338       4,705,071       (13,425,500     (8,720,429                               (8,720,429
  1 

Certain financial derivatives may be considered section 1256 contracts under the Code. Each section 1256 contract held at the close of a taxable year shall be treated as sold for its fair market value on the last business day of such taxable year (and any realized gain or loss shall be taken into account for the taxable year). As such, the unrealized appreciation/(deprecation) for financial derivatives on a tax basis may not correspond to the unrealized appreciation/(depreciation) on a GAAP basis. The unrealized appreciation/(depreciation) for financial derivatives on a GAAP basis is located in the respective financial derivatives tables in each Fund’s Schedule of Investments.

At March 31, 2019, 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
Depreciation
     Total Accumulated
Losses
 

Europe Hedged Equity Fund

   $      $ (1,601,746,100    $ (297,455,443    $ (384,959    $ (1,899,586,502

Europe Hedged SmallCap Equity Fund

            (14,327,371      (5,118,089      (7,668      (19,453,128

Germany Hedged Equity Fund

            (27,428,848      (7,619,893      (13,213      (35,061,954

International Hedged Quality Dividend Growth Fund

     1,434,385        (6,537,702      2,838,780        (37,830      (2,302,367

Japan Hedged Equity Fund

     34,601,740        (1,668,322,531      (326,210,622      (112,298      (1,960,043,711

Japan Hedged SmallCap Equity Fund

     739,227        (18,813,361      (8,720,429      (2,827      (26,797,390

 

62   WisdomTree Trust


Table of Contents

Notes to Financial Statements (continued)

 

The tax character of distributions paid during the fiscal years ended March 31, 2019 and March 31, 2018, was as follows:

 

     
     Year Ended March 31, 2019      Year Ended March 31, 2018  
         
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
 

Europe Hedged Equity Fund

   $ 113,154,749      $ 15,257,371      $ 205,511,362      $  

Europe Hedged SmallCap Equity Fund

     3,894,030               2,354,900        58,350  

Germany Hedged Equity Fund

     1,590,516        525,501        2,509,207        845,543  

International Hedged Quality Dividend Growth Fund

     1,740,568               2,883,500         

Japan Hedged Equity Fund

     146,097,231               218,205,485         

Japan Hedged SmallCap Equity Fund

     2,960,022               2,644,796         
  *

Includes short-term capital gains if any.

At March 31, 2019, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

       
Fund    Short-Term
Post-Effective
No Expiration
     Long-Term
Post-Effective
No Expiration
     Capital Loss
Available Total
 

Europe Hedged Equity Fund

   $ 1,032,083,555      $ 569,662,545      $ 1,601,746,100  

Europe Hedged SmallCap Equity Fund

     13,574,746        234,902        13,809,648  

Germany Hedged Equity Fund

     15,932,012        11,496,836        27,428,848  

International Hedged Quality Dividend Growth Fund

     6,537,702               6,537,702  

Japan Hedged Equity Fund

     1,054,847,667        613,474,864        1,668,322,531  

Japan Hedged SmallCap Equity Fund

     11,870,183        6,943,178        18,813,361  

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, 2019, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

     
Fund    Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital Losses
 

Europe Hedged Equity Fund

   $      $  

Europe Hedged SmallCap Equity Fund

     1,221,614        (703,891

Germany Hedged Equity Fund

             

International Hedged Quality Dividend Growth Fund

             

Japan Hedged Equity Fund

             

Japan Hedged SmallCap Equity Fund

             

During the fiscal year ended March 31, 2019, the amount of capital loss carryforwards used to offset realized gains are shown in the following table:

 

   
Fund    Utilized Capital
Loss Carryforward
 

Europe Hedged Equity Fund

   $ 683,830,102  

Europe Hedged SmallCap Equity Fund

     19,140,064  

Germany Hedged Equity Fund

     9,751,540  

International Hedged Quality Dividend Growth Fund

     42,184,958  

Japan Hedged Equity Fund

     362,407,072  

Japan Hedged SmallCap Equity Fund

     14,167,730  

 

WisdomTree Trust      63  


Table of Contents

Notes to Financial Statements (continued)

 

At March 31, 2019, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

     
Fund    Total Distributable
Earnings (Loss)
     Paid-in Capital  

Europe Hedged Equity Fund

   $ (150,508,548    $ 150,508,548  

Europe Hedged SmallCap Equity Fund

     (7,888,487      7,888,487  

Germany Hedged Equity Fund

     (2,519,332      2,519,332  

International Hedged Quality Dividend Growth Fund

     (36,716,538      36,716,538  

Japan Hedged Equity Fund

     (185,040,346      185,040,346  

Japan Hedged SmallCap Equity Fund

     (16,259,737      16,259,737  

The differences are primarily due to redemptions-in-kind, foreign currency transactions, and investments in passive foreign investment companies.

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, 2019, 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, 2019, remains subject to examination by taxing authorities.

7. RECENT ACCOUNTING PRONOUNCEMENTS

On August 17, 2018, the SEC voted to adopt “Disclosure Update and Simplification” amendments to certain of its disclosure requirements that have become redundant, duplicative, overlapping, outdated, or superseded, in light of other SEC disclosure requirements, GAAP, or changes in the information environment. The SEC will also be referring certain SEC disclosure requirements that overlap with, but require information incremental to, GAAP to the FASB for potential incorporation into GAAP. The amendments are intended to facilitate the disclosure of information to investors and simplify compliance without significantly altering the total mix of information provided to investors. These amendments became effective on November 5, 2018 (30 days after their publication in the Federal Register). WTAM has evaluated these amendments and determined that there is no significant impact on the Trust’s financial statements. All applicable amendments have been incorporated into the Trust’s financial statements and related disclosures. The specific amendments incorporated into the Trust’s financial statements pertain to (i) the amendment requiring the presentation of the distributable earnings in total on the Statements of Assets and Liabilities, rather than showing the 3 components of distributable earnings (i.e., (1) undistributed (distributions in excess of) net investment income, (2) accumulated net realized gain (loss) on investments and (3) net unrealized appreciation (depreciation) on investments, and (ii) the amendment requiring the presentation of distributions to shareholders in total on the Statements of Changes in Net Assets, except for tax return of capital distributions, which shall continue to be disclosed separately.

On August 28, 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 includes removals, additions and modifications to the disclosure requirements for fair value measurements that are intended to improve the effectiveness of disclosures in the notes to financial statements. The amendments in ASU 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. WTAM has evaluated ASU 2018-13 and has adopted the disclosure framework for the Trust’s financial statements.

8. ADDITIONAL INFORMATION

The Board of Trustees, after careful consideration, approved the liquidation of the WisdomTree Japan Hedged Financials Fund and the WisdomTree Japan Hedged Quality Dividend Growth Fund.

The last day of secondary market trading of shares of the Funds on their respective exchanges was March 14, 2019. 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 14, 2019.

 

64   WisdomTree Trust


Table of Contents

Notes to Financial Statements (concluded)

 

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 22, 2019 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.

 

WisdomTree Trust      65  


Table of Contents

Report of Independent Registered Public Accounting Firm

 

To the Shareholders of WisdomTree Europe Hedged Equity Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree Japan Hedged Equity Fund, WisdomTree Japan Hedged SmallCap Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund and WisdomTree International Hedged Quality Dividend Growth Fund and the Board of Trustees of WisdomTree Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of WisdomTree Europe Hedged Equity Fund, WisdomTree Germany Hedged Equity Fund, WisdomTree Japan Hedged Equity Fund, WisdomTree Japan Hedged SmallCap Equity Fund, WisdomTree Europe Hedged SmallCap Equity Fund and WisdomTree International Hedged Quality Dividend Growth Fund (collectively referred to as the “Funds”), (six of the funds constituting WisdomTree Trust (the “Trust”)) including the schedules of investments, as of March 31, 2019, 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 (six of the funds constituting WisdomTree Trust) at March 31, 2019, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

 

       
Individual fund constituting the WisdomTree Trust    Statement of
operations
   Statements of changes
in net assets
   Financial highlights

WisdomTree Europe Hedged Equity Fund

WisdomTree Germany Hedged Equity Fund

WisdomTree Japan Hedged Equity Fund

WisdomTree Japan Hedged SmallCap Equity Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the five years in the period ended March 31, 2019

WisdomTree Europe Hedged SmallCap Equity Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the four periods in the period ended March 31, 2019 and the period from March 4, 2015 (commencement of operations) through March 31, 2015

WisdomTree International Hedged Quality Dividend Growth Fund

   For the year ended March 31, 2019    For each of the two years in the period ended March 31, 2019    For each of the four years in the period ended March 31, 2019 and the period from May 7, 2014 (commencement of operations) through March 31, 2015

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, 2019, 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 23, 2019

 

66   WisdomTree Trust


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).     76     Trustee, Vericimetry Funds (2011 to 2014).
Joel Goldberg#†
(1945)
  Trustee, 2012-present   Attorney, Partner, Stroock & Stroock & Lavan LLP from 2010 to 2018; Attorney, Partner at Willkie Farr & Gallagher LLP from 2006 to 2010.     76     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.     76     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.     76     Associate Alumnae of Douglass College, Chair 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.     76     Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame (2001-2016).

 

*

As of March 31, 2019.

 

^

Chair of the Audit Committee.

 

#

Chair of the Contracts Review Committee.

 

Co-Chair of the Governance, Nominating and Compliance Committee.

 

Chair of the Investment Committee.

 

WisdomTree Trust      67  


Table of Contents

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.     76     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.     76     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.     76     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.     76     None
Joanne Antico**
(1975)
  Assistant Secretary, 2018-present   Assistant General Counsel, WisdomTree Asset Management, Inc. since 2016; Executive Director and Assistant Secretary, Morgan Stanley Investment Management Inc., 2005 to 2016.     76     None
Clint Martin**
(1977)
  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012.     76     None

 

*

As of March 31, 2019.

 

**

Elected by and serves at the pleasure of the Board.

 

68   WisdomTree Trust


Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ fiscal year ended March 31, 2019, 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 2020.

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, 2019, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

   
Fund    Qualified Dividend
Income
 

Europe Hedged Equity Fund

   $ 112,005,754  

Europe Hedged SmallCap Equity Fund

     3,894,030  

Germany Hedged Equity Fund

     2,116,017  

International Hedged Quality Dividend Growth Fund

     1,740,568  

Japan Hedged Equity Fund

     125,005,077  

Japan Hedged SmallCap Equity Fund

     2,406,299  

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, 2019. The gross foreign source income and foreign taxes paid are as follows:

 

     
Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Europe Hedged Equity Fund

   $ 113,632,352      $ 13,063,319  

Europe Hedged SmallCap Equity Fund

     5,426,992        710,013  

Germany Hedged Equity Fund

     3,347,542        429,229  

International Hedged Quality Dividend Growth Fund

     11,721,642        867,167  

Japan Hedged Equity Fund

     126,891,428        12,686,000  

Japan Hedged SmallCap Equity Fund

     2,437,993        243,508  

 

WisdomTree Trust      69  


Table of Contents

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. Beginning in April 2019, the Funds will cease filing Form N-Q and will commence filing Form N-PORT. Part F of each Fund’s Form N-PORT filings for the first and third fiscal quarters will contain the complete schedule of portfolio holdings in the same manner as previously filed on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE (9473). Copies of the filings may also be obtained, after paying a duplicating fee, by electronic request at the following E-mail address: publicinfo@sec.gov.

Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.

The Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is available without charge upon request. Contact your financial representative for a free prospectus or SAI.

Frequency Distribution of Discounts & Premiums

Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.

 

70   WisdomTree Trust


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 sizes of shares.


Table of Contents

WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

WisdomTree Fund shares are distributed by Foreside Fund Services, LLC, in the U.S. only.

WTGM-2277


Table of Contents

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 $987,203 for 2019 and $1,151,110 for 2018.

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 $88,580 for 2019 and $119,774 for 2018.


Table of Contents

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 $441,140 for 2019 and $657,960 for 2018.

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 2019 and $0 for 2018.
(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 $441,140 for 2019 and $657,960 for 2018.
(h)   Not applicable.


Table of Contents

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.

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)).


Table of Contents
  (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.


Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)    WisdomTree Trust

 

By (Signature and Title)   

/s/ Jonathan Steinberg

  Jonathan L. Steinberg, President
  (principal executive officer)

Date: May 31, 2019

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)   

/s/ Jonathan Steinberg

  Jonathan L. Steinberg, President
  (principal executive officer)

 

Date: May 31, 2019  

 

By (Signature and Title)   

/s/ David Castano

  David Castano, Treasurer
  (principal financial officer)

Date: May 31, 2019

 

EX-99.CODE ETH

WISDOMTREE TRUST

CODE OF ETHICS

FOR PRINCIPAL EXECUTIVE AND FINANCIAL OFFICERS

 

I.

PURPOSE OF THE CODE

The WisdomTree Trust (the “Trust”) Code of Ethics for Principal Executive and Financial Officers (this “Code”) is intended to serve as the code of ethics described in Section 406 of the Sarbanes-Oxley Act of 2002 and Item 2 of Form N-CSR. This Code shall be the sole code of ethics adopted by the Trust for purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Trust, the Trust’s adviser, principal underwriter, or other service providers govern or purport to govern the behavior or activities of the Covered Officers, as defined herein, who are subject to this Code, they are superseded by this Code to the extent that they overlap or conflict with the provisions of this Code. The Trust’s and its investment adviser’s, and principal underwriter’s codes of ethics pursuant to Rule 17j-1 under the Investment Company Act of 1940 (the “1940 Act”) are separate requirements applying to the Covered Officers and others, and are not part of this Code.

All Covered Officers must become familiar and fully comply with this Code. Because this Code cannot and does not cover every applicable law or provide answers to all questions that might arise, all Covered Officers are expected to use common sense about what is right and wrong, including a sense of when it is proper to seek guidance from others on the appropriate course of conduct.

The purpose of this Code is to set standards for the Covered Officers that are reasonably designed to deter wrongdoing and to promote:

 

   

honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

 

   

full, fair, accurate, timely, and understandable disclosure in reports and documents that the Trust files with, or submits to, the Securities and Exchange Commission (the “SEC”) and in any other public communications by the Trust;

 

   

compliance with applicable governmental laws, rules and regulations;

 

   

the prompt internal reporting of violations of the Code to the appropriate persons as set forth in the Code; and

 

   

accountability for adherence to the Code.


II.

COVERED PERSONS

This Code applies to the Trust’s Principal Executive Officers and Principal Financial Officers, or any persons performing similar functions on behalf of the Trust (the “Covered Officers”). Each Covered Person should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest. Covered Officers are expected to act in accordance with the standards set forth in this Code.

 

III.

HONEST AND ETHICAL CONDUCT

 

  A.

Honesty, Diligence and Professional Responsibility

Covered Officers are expected to observe both the form and the spirit of the ethical principles contained in this Code. Covered Officers must perform their duties and responsibilities for the Trust:

 

   

with honesty, diligence, and a commitment to professional and ethical responsibility;

 

   

carefully, thoroughly and in a timely manner; and

 

   

in conformity with applicable professional and technical standards.

Covered Officers who are certified public accountants are expected to carry out their duties and responsibilities in a manner consistent with the principles governing the accounting profession, including any guidelines or principles issued by the Public Company Accounting Oversight Board or the American Institute of Certified Public Accountants from time to time.

 

  B.

Objectivity/Avoidance of Undisclosed Conflicts of Interest

Covered Officers are expected to maintain objectivity and avoid undisclosed conflicts of interest. In the performance of their duties and responsibilities for the Trust, Covered Officers must not subordinate their judgment to personal gain and advantage, or be unduly influenced by their own interests or by the interests of others. Covered Officers must avoid participation in any activity or relationship that constitutes a conflict of interest unless that conflict has been completely disclosed to affected parties and waived by the Trustees on behalf of the Trust. Further, Covered Officers should avoid participation in any activity or relationship that could create the appearance of a conflict of interest.

A conflict of interest would generally arise if, for instance, a Covered Officer directly or indirectly participates in any investment, interest, association, activity or relationship that may impair or appear to impair the Covered Officer’s objectivity or interfere with the interests of, or the Covered Officer’s service to, the Trust.

 

2


Any Covered Officer who may be involved in a situation or activity that might be a conflict of interest or give the appearance of a conflict of interest must report such situation or activity using the reporting procedures set forth in Section VI of this Code.

Each Covered Officer must not:

 

   

use his or her personal influence or personal relationships improperly to influence investment decisions or financial reporting by the Trust whereby the Covered Officer would benefit personally to the detriment of the Trust;

 

   

cause the Trust to take action, or fail to take actions, for the individual personal benefit of the Covered Officer rather than the benefit of the Trust; or

 

   

use material non-public knowledge of portfolio transactions made or contemplated for the Trust to trade personally or cause others to trade personally in contemplation of the market effect of such transactions.

Each Covered Officer is responsible for his or her compliance with this conflict of interest policy.

 

  C.

Preparation of Financial Statements

Covered Officers must not knowingly make any misrepresentations regarding the Trust’s financial statements or any facts in the preparation of the Trust’s financial statements, and must comply with all applicable laws, standards, principles, guidelines, rules and regulations in the preparation of the Trust’s financial statements. This section is intended to prohibit:

 

   

making, or permitting or directing another to make, materially false or misleading entries in the Trust’s financial statements or records;

 

   

failing to correct the Trust’s financial statements or records that are materially false or misleading when he or she has the authority to record an entry; and

 

   

signing, or permitting or directing another to sign, a document containing materially false or misleading financial information.

Covered Officers must be scrupulous in their application of generally accepted accounting principles. No Covered Officer may (i) express an opinion or state affirmatively that the financial statements or other financial data of the Trust are presented in conformity with generally accepted accounting principles, or (ii) state that he or she is not aware of any material modifications that should be made to such statements or data in order for them to be in conformity with generally accepted accounting principles, if such statements or data contain any departure from generally accepted accounting principles then in effect in the United States.

 

3


Covered Officers must follow the laws, standards, principles, guidelines, rules and regulations established by all applicable governmental bodies, commissions or other regulatory agencies in the preparation of financial statements, records and related information. If a Covered Officer prepares financial statements, records or related information for purposes of reporting to such bodies, commissions or regulatory agencies, the Covered Officer must follow the requirements of such organizations in addition to generally accepted accounting principles.

If a Covered Officer and his or her supervisor have a disagreement or dispute relating to the preparation of financial statements or the recording of transactions, the Covered Officer should take the following steps to ensure that the situation does not constitute an impermissible subordination of judgment:

 

   

The Covered Officer should consider whether (i) the entry or the failure to record a transaction in the records, or (ii) the financial statement presentation or the nature or omission of disclosure in the financial statements, as proposed by the supervisor, represents the use of an acceptable alternative and does not materially misrepresent the facts or result in an omission of a material fact. If, after appropriate research or consultation, the Covered Officer concludes that the matter has authoritative support and/or does not result in a material misrepresentation, the Covered Officer need do nothing further.

 

   

If the Covered Officer concludes that the financial statements or records could be materially misstated as a result of the supervisor’s determination, the Covered Officer should follow the reporting procedures set forth in Section VI of this Code.

 

  D.

Obligations to the Independent Auditor of the Trust

In dealing with the Trust’s independent auditor, Covered Officers must be candid and not knowingly misrepresent facts or knowingly fail to disclose material facts, and must respond to specific inquiries and requests by the Trust’s independent auditor.

Covered Officers must not take any action, or direct any person to take any action, to fraudulently influence, coerce, manipulate or mislead the Trust’s independent auditor in the performance of an audit of the Trust’s financial statements for the purpose of rendering such financial statements materially misleading.

 

IV.

FULL, FAIR, ACCURATE, TIMELY AND UNDERSTANDABLE DISCLOSURE

It is the Trust’s policy to provide full, fair, accurate, timely, and understandable disclosure in reports and documents that the Trust files with, or submits to, the SEC and in any other public communications by the Trust. The Trust has designed and implemented Disclosure Controls and Procedures to carry out this policy.

Covered Officers are expected to familiarize themselves with the disclosure requirements generally applicable to the Trust, and to use their best efforts to promote, facilitate, and prepare full, fair, accurate, timely, and understandable disclosure in all reports and documents that the Trust files with, or submits to, the SEC and in any other public communications by the Trust.

 

4


Covered Officers must review the Trust’s Disclosure Controls and Procedures to ensure they are aware of and carry out their duties and responsibilities in accordance with the Disclosure Controls and Procedures and the disclosure obligations of the Trust. Covered Officers are responsible for monitoring the integrity and effectiveness of the Trust’s Disclosure Controls and Procedures.

 

V.

COMPLIANCE WITH APPLICABLE LAWS, RULES AND REGULATIONS

Covered Officers are expected to know, respect and comply with all laws, rules and regulations applicable to the conduct of the Trust’s business. If a Covered Officer is in doubt about the legality or propriety of an action, business practice or policy, the Covered Officer should seek advice from the Covered Officer’s supervisor or the Trust’s legal counsel.

In the performance of their work, Covered Officers must not knowingly be a party to any illegal activity or engage in acts that are discreditable to the Trust.

Covered Officers are expected to promote the Trust’s compliance with applicable laws, rules and regulations. To promote such compliance, Covered Officers may establish and maintain mechanisms to educate employees carrying out the finance and compliance functions of the Trust about any applicable laws, rules or regulations that affect the operation of the finance and compliance functions and the Trust generally.

 

VI.

REPORTING AND ACCOUNTABILITY

All Covered Officers will be held accountable for adherence to this Code. Each Covered Officer must, upon the Trust’s adoption of this Code (or thereafter as applicable, upon becoming a Covered Officer), affirm in writing to the Board that he/she has received, read, and understands this Code by signing the Acknowledgement Form attached hereto as Appendix A. Thereafter, each Covered Officer, on an annual basis, must affirm to the Board that he/she has complied with the requirements of this Code.

Covered Officers may not retaliate against any other Covered Officer of the Trust or their affiliated persons for reports of potential violations that are made in good faith.

The Trust will follow these procedures in investigating and enforcing this Code:

 

  A.

Any Covered Officer who knows of any violation of this Code or who questions whether a situation, activity or practice is acceptable must immediately report such practice to the Trust’s Audit Committee. The Audit Committee shall take appropriate action to investigate any reported potential violations. If, after such investigation, the Audit Committee believes that no violation has occurred, the Audit Committee is not required to take any further action. Any matter that the Audit Committee believes is a violation will be reported to the Chairman of the Board of Trustees. The Audit Committee shall respond to the Covered Officer within a reasonable period of time.

 

5


  B.

If the Covered Officer is not satisfied with the response of the Audit Committee, the Covered Officer shall report the matter to the Chairman of the Board of Trustees. If the Chairman is unavailable, the Covered Officer may report the matter to any other member of the Board of Trustees. The person receiving the report shall consider the matter, refer it to the full Board of Trustees if he or she deems appropriate, and respond to the Covered Officer within a reasonable amount of time. If the Board of Trustees concurs that a violation has occurred, it will consider appropriate action, which may include review of and appropriate modifications to applicable policies and procedures or notification to appropriate personnel of the investment adviser or its board.

 

  C.

If the Board of Trustees determines that a Covered Officer violated this Code, failed to report a known or suspected violation of this Code, or provided intentionally false or malicious information in connection with an alleged violation of this Code, the Board of Trustees may take disciplinary action against any such Covered Officer to the extent the Board of Trustees deems appropriate. No Covered Officer will be disciplined for reporting a concern in good faith.

To the extent possible and as allowed by law, reports will be treated as confidential. The Trust may report violations of the law to the appropriate authorities.

 

VII.

DISCLOSURE OF THIS CODE

This Code shall be disclosed to the public by at least one of the following methods in the manner prescribed by the SEC, unless otherwise required by law:

 

   

Filing a copy of this Code as an exhibit to the Trust’s annual report on Form N- CSR;

 

   

Posting the text of this Code on the Trust’s Internet website and disclosing, in its most recent report on Form N-CSR, its Internet address and the fact that it has posted this Code on its Internet website; or

 

   

Providing an undertaking in the Trust’s most recent report on Form N-CSR to provide a copy of this Code to any person without charge upon request, and explaining the manner in which such a request may be made.

 

VIII.

  WAIVERS

Any waiver of this Code, including an implicit waiver, granted to a Covered Officer may be made only by the Board of Trustees or a committee of the Board to which such responsibility has been delegated, and must be disclosed by the Trust in the manner prescribed by law and as set forth above in Section VII (Disclosure of this Code).

 

6


IX.

AMENDMENTS

This Code may be amended by the affirmative vote of a majority of the Board of Trustees, including a majority of the independent Trustees. Any amendment of this Code must be disclosed by the Trust in the manner prescribed by law and as set forth above in Section VII (Disclosure of this Code), unless such amendment is deemed to be technical, administrative, or otherwise non-substantive. Any amendments to this Code will be provided to the Covered Officers.

 

X.

CONFIDENTIALITY

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Board of Trustees of the Trust, the Audit Committee, the legal counsel to the Trust, legal counsel to the independent trustees and such other persons as a majority of the Board of Trustees, including a majority of the independent Trustees, shall determine to be appropriate.

Adopted: February 2007

 

7


Appendix A

WISDOMTREE TRUST

Certification and Acknowledgment of Receipt of Code of Ethics for Principal Executive Officers and Principal Financial Officers

I acknowledge and certify that I have received a copy of the WisdomTree Trust’s Code of Ethics for Principal Executive Officers and Principal Financial Officers (the “Code”). I understand and agree that it is my responsibility to read and familiarize myself with the policies and procedures contained in the Code and to abide by those policies and procedures.

I acknowledge and certify that I have read and understand the Code.

 

 

Officer Name (Please Print)       Officer Signature
       
      Date
     

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and

Section 302 of the Sarbanes-Oxley Act

I, Jonathan L. Steinberg, certify that:

 

1.

I have reviewed this report on Form N-CSR of the WisdomTree Trust;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the 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; and

 

5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 31, 2019               

/s/ Jonathan Steinberg

      Jonathan L. Steinberg, President
      (principal executive officer)


Certification Pursuant to Rule 30a-2(a) under the 1940 Act and

Section 302 of the Sarbanes-Oxley Act

I, David Castano, certify that:

 

1.

I have reviewed this report on Form N-CSR of the WisdomTree Trust;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the 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; and

 

5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 31, 2019               

/s/ David Castano

      David Castano, Treasurer
      (principal financial officer)

 

Certification Pursuant to Rule 30a-2(b) under the 1940 Act

and Section 906 of the Sarbanes-Oxley Act

I, Jonathan L. Steinberg, President of the WisdomTree Trust (the “Registrant”), certify that:

 

  1.

The Form N-CSR of the Registrant (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

  2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Date: May 31, 2019               

/s/ Jonathan Steinberg

      Jonathan L. Steinberg, President
      (principal executive officer)

I, David Castano, Treasurer of the WisdomTree Trust (the “Registrant”), certify that:

 

  1.

The Form N-CSR of the Registrant (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

  2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Date: May 31, 2019               

/s/ David Castano

      David Castano, Treasurer
      (principal financial officer)