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)
380 Madison Avenue, 21st Floor
New York, NY 10017
(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, 2010
Form N-CSR is to be used by management investment companies to file reports with the Commission no 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, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Table of Contents
| Item 1. | Report(s) to Stockholders. |
The Trust’s annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows:
Table of Contents
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Domestic Dividend Funds
Annual Report
March 31, 2010
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
Table of Contents
| 2 | ||||
| 4 | ||||
| 12 | ||||
| Schedules of Investments | ||||
| 14 | ||||
| 23 | ||||
| 28 | ||||
| 33 | ||||
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| 47 | ||||
| 48 | ||||
| 49 | ||||
| 51 | ||||
| 54 | ||||
| 60 | ||||
| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
61 | |||
| 62 | ||||
| 64 | ||||
| 66 | ||||
| 67 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the Trust.
1
Table of Contents
Management’s Discussion of Funds’ Performance (unaudited)
Domestic Dividend Funds
The U.S equity market, measured by the Russell 3000 Index, S&P 500 Index, and Dow Jones Industrial Average, all popular benchmarks for the broad U.S. equity market, rallied between 47% and 53% for the 12 month period ended March 31, 2010 (the “period”). These 12-month gains in stock prices came close to erasing the significant declines in those same benchmarks that ranged from 36% to 38% for the 12 months ended March 31, 2009. The broad U.S. market averages are now showing cumulative losses of 5-7% over the prior 24-months.
In the depths of the bear market that occurred in March 2009, investors were panicking about the safety of major financial institutions and those fears spread throughout the entire economy. At the close of the Funds’ fiscal year end in March 2010, concerns about a meltdown of the financial system have largely been taken off the table, though significant worries about the health of the economy remain. The Federal Reserve, led by Chairman Benjamin Bernanke, instituted a series of emergency lending programs that restored confidence in the financial system, jump started bank lending, and lowered the interest rates for consumers and businesses. These extraordinary measures included, but were not limited to, “quantitative easing” policies to keep long-term bond and mortgage rates low and the lowering of the Federal Funds target interest rate to a historically low level — near zero. In addition to the easing monetary policies and the special Federal Reserve programs designed to restore confidence in the financial system, substantial fiscal policy support measures for the economy were enacted by newly elected President Barack Obama, who assumed office in January 2009. While the U.S. unemployment rate, a lagging economic indicator, remained stubbornly high at 9.7% in March 2010, consumer and investor confidence generally rose throughout the period.
| TICKER | WISDOMTREE FUND | 1 YEAR RETURN |
CAPITALIZATION-WEIGHTED BENCHMARK INDEX |
1 YEAR RETURN |
1 YEAR RETURN FUND VS INDEX |
|||||||||||
| DES |
SmallCap Dividend Fund | 83.27 | % | Russell 2000 Index | 62.76 | % | 20.51 | % | ||||||||
| DON |
MidCap Dividend Fund | 77.34 | % | S&P MidCap 400 Index | 64.07 | % | 13.27 | % | ||||||||
| DTN |
Dividend ex-Financials Fund | 66.66 | % | Dow Jones U.S. Select Dividend Index |
53.07 | % | 13.59 | % | ||||||||
| DHS |
Equity Income Fund | 58.47 | % | Russell 1000 Value Index | 53.56 | % | 4.91 | % | ||||||||
| DTD |
Total Dividend Fund | 50.83 | % | Russell 3000 Index | 52.44 | % | -1.61 | % | ||||||||
| DLN |
LargeCap Dividend Fund | 46.53 | % | S&P 500 Index | 49.77 | % | -3.24 | % | ||||||||
As with the downturn, in which small cap stocks led the broader markets on the way down during the year ended March 31, 2009, small cap stocks led the markets higher during the year ended March 31, 2010. The perceived tendency of small cap stocks to outperform larger capitalization companies during the initial recovery phases of a bull market and their relative underperformance in recessions and bear markets is tied to many investors’ views that small cap stocks are more sensitive to the changing economic conditions than large capitalization stocks. This general tendency was played out during the period as many small cap stocks saw significant relative gains.
WisdomTree’s dividend weighted funds are designed to track indexes based on the dividend stream generated by the companies included in the underlying WisdomTree index. There are two primary factors that drive performance differential versus market cap-weighted benchmarks: aggregate exposure to a sector and stock selection within a sector, both of which are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather they are objectively determined at the index re-balancing dates based on the dividend stream.
Several market sectors enjoyed significant rebounds after the March 2009 lows. The best performing sector over the period was the financial sector. While this sector suffered significant downturns as the financial crisis unfolded, it recovered well as fears over the collapse of the system largely faded away. The WisdomTree dividend funds with the greatest exposure to the financial sector in the period — the WisdomTree Equity Income
| 2 | WisdomTree Domestic Dividend Funds |
Table of Contents
Management’s Discussion of Funds’ Performance
(unaudited) (concluded)
Fund (DHS), WisdomTree MidCap Dividend Fund (DON), and WisdomTree SmallCap Dividend Fund (DES) — therefore had better performance relative to funds with less financial sector exposure.
As investors started anticipating better economic times ahead, sectors most closely tied to cyclical growth also performed well. For example, the information technology and consumer discretionary sectors within the S&P 500 returned 70% and 58% during the period, respectively. Technology companies, which do not tend to pay a lot of dividends, were under-weighted in WisdomTree’s dividend weighted strategies, which created a drag on Fund returns.
Also, non-cyclical sectors, such as telecommunications and utilities, which are generally regarded as stable during economic downturns, didn’t fare as well during the recovery. Utilities and telecommunications were the two worst performing sectors during the period, returning 21% and 12%, respectively. These two sectors, which have historically had average dividend streams, received relatively more weight in WisdomTree’s large capitalization funds — the WisdomTree Total Dividend Fund (DTD), WisdomTree LargeCap Dividend Fund (DLN), and WisdomTree Equity Income Fund (DHS). The overweight to these sectors had a negative impact on the returns of these Funds.
The views expressed in this report reflect those of WisdomTree Asset Management only through the end of the period of the report as stated on the cover. The portfolio managers’ views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Past performance is no guarantee of future results.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 11 for the list of index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore index returns do not reflect deductions for fees or expenses and are 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 that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month end performance information visit www.wisdomtree.com.
| WisdomTree Domestic Dividend Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Total Dividend Fund (DTD)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| AT&T, Inc. |
4.0% | |||
| Exxon Mobil Corp. |
3.4% | |||
| Johnson & Johnson |
2.4% | |||
| Chevron Corp. |
2.3% | |||
| Procter & Gamble Co. (The) |
2.3% | |||
| Verizon Communications, Inc. |
2.2% | |||
| General Electric Co. |
2.1% | |||
| Pfizer, Inc. |
2.1% | |||
| Philip Morris International, Inc. |
2.0% | |||
| Merck & Co., Inc. |
2.0% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Total Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index.
The WisdomTree Total Dividend Fund (Ticker Symbol: DTD) returned 50.83% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweighted position to Financials, which had above average returns and had a notable contribution to positive Fund performance. Information Technology, a sector that outperformed, was a significant underweight during the period, which created a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.28%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Dividend Index |
Russell 3000 Index | |||||||||||||
| One Year |
50.83 | % | 49.37 | % | 52.10 | % | 52.44 | % | ||||||||
| Three Year |
-6.53 | % | -6.72 | % | -5.90 | % | -3.99 | % | ||||||||
| Since Inception1 |
-1.23 | % | -1.44 | % | -0.82 | % | 0.62 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 4 | WisdomTree Domestic Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Equity Income Fund (DHS)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| AT&T, Inc. |
9.2% | |||
| Chevron Corp. |
5.4% | |||
| Verizon Communications, Inc. |
5.1% | |||
| Pfizer, Inc. |
4.9% | |||
| Philip Morris International, Inc. |
4.8% | |||
| Merck & Co., Inc. |
4.7% | |||
| ConocoPhillips |
3.1% | |||
| Altria Group, Inc. |
3.0% | |||
| McDonald’s Corp. |
2.6% | |||
| Bristol-Myers Squibb Co. |
2.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Equity Income Index.
The WisdomTree Equity Income Fund (Ticker Symbol: DHS) returned 58.47% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweight position to Financials, which had above average returns and had a notable contribution to positive Fund performance. Telecommunication Services stocks had below average returns and an overweight position in the sector contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Equity Income Index |
Russell 1000 Value Index |
|||||||||||||
| One Year |
58.47 | % | 56.73 | % | 59.55 | % | 53.56 | % | ||||||||
| Three Year |
-11.52 | % | -11.81 | % | -11.23 | % | -7.33 | % | ||||||||
| Since Inception1 |
-5.13 | % | -5.39 | % | -4.92 | % | -1.48 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic Dividend Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree LargeCap Dividend Fund (DLN)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| AT&T, Inc. |
4.6% | |||
| Exxon Mobil Corp. |
4.0% | |||
| Johnson & Johnson |
2.8% | |||
| Chevron Corp. |
2.7% | |||
| Procter & Gamble Co. (The) |
2.7% | |||
| Verizon Communications, Inc. |
2.6% | |||
| General Electric Co. |
2.5% | |||
| Pfizer, Inc. |
2.5% | |||
| Philip Morris International, Inc. |
2.4% | |||
| Merck & Co., 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. |
The WisdomTree LargeCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend Index.
The WisdomTree LargeCap Dividend Fund (Ticker Symbol: DLN) returned 46.53% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweighted position to Financials, which had above average returns and had a notable contribution to positive Fund performance. Information Technology, a sector that outperformed, was a significant underweight during the period, which created a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.28%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree LargeCap Dividend Index |
S&P 500 Index | |||||||||||||
| One Year |
46.53 | % | 45.49 | % | 47.57 | % | 49.77 | % | ||||||||
| Three Year |
-6.97 | % | -7.18 | % | -6.43 | % | -4.17 | % | ||||||||
| Since Inception1 |
-1.62 | % | -1.82 | % | -1.21 | % | 0.37 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 6 | WisdomTree Domestic Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dividend ex-Financials Fund (DTN)
(Formerly, WisdomTree Dividend Top 100 Fund)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Qwest Communications International, Inc. |
3.3% | |||
| CenturyTel, Inc. |
2.4% | |||
| Altria Group, Inc. |
2.3% | |||
| Reynolds American, Inc. |
2.2% | |||
| Progress Energy, Inc. |
1.8% | |||
| Spectra Energy Corp. |
1.7% | |||
| AT&T, Inc. |
1.7% | |||
| Verizon Communications, Inc. |
1.7% | |||
| Centerpoint Energy, Inc. |
1.7% | |||
| E.I. Du Pont de Nemours & Co. |
1.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Dividend ex-Financials Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Dividend ex-Financials Index. Effective May 7, 2009, the WisdomTree Dividend Top 100 Fund changed its investment objective and was renamed the WisdomTree Dividend ex-Financials Fund. The WisdomTree Dividend ex-Financials Index measures the performance of high dividend-yielding stocks outside the financial sector.
The WisdomTree Dividend ex-Financials Fund (Ticker Symbol: DTN) returned 66.66% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to Health Care, which had below average returns. This underweighting had a notable contribution to positive Fund performance. Utilities stocks had below average returns and an overweight position in the sector contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
Spliced WisdomTree Index1 |
Dow Jones U.S. Select Dividend Index |
|||||||||||||
| One Year |
66.66 | % | 65.34 | % | 67.88 | % | 53.07 | % | ||||||||
| Three Year |
-6.67 | % | -6.91 | % | -6.18 | % | -9.01 | % | ||||||||
| Since Inception2 |
-0.44 | % | -0.65 | % | -0.09 | % | -3.11 | % | ||||||||
| 1 | WisdomTree Dividend Top 100 Index through May 7, 2009; WisdomTree Dividend ex-Financials Index thereafter. |
| 2 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic Dividend Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree MidCap Dividend Fund (DON)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Windstream Corp. |
1.8% | |||
| New York Community Bancorp, Inc. |
1.7% | |||
| Pitney Bowes, Inc. |
1.3% | |||
| Frontier Communications Corp. |
1.3% | |||
| Kimco Realty Corp. |
1.2% | |||
| Cincinnati Financial Corp. |
1.2% | |||
| Macerich Co. (The) |
1.1% | |||
| NiSource, Inc. |
1.1% | |||
| Apollo Investment Corp. |
1.0% | |||
| Pepco Holdings, Inc. |
1.0% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree MidCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree MidCap Dividend Index.
The WisdomTree MidCap Dividend Fund (Ticker Symbol: DON) returned 77.34% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweighted position to Financials & Consumer Discretionary, which had a notable contribution to positive Fund performance. Utilities stocks had below average returns and an overweight position in the sector contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree MidCap Dividend Index |
S&P MidCap 400 Index |
|||||||||||||
| One Year |
77.34 | % | 75.84 | % | 78.66 | % | 64.07 | % | ||||||||
| Three Year |
-3.97 | % | -4.16 | % | -4.46 | % | -0.83 | % | ||||||||
| Since Inception1 |
1.10 | % | 1.06 | % | 0.66 | % | 3.25 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 8 | WisdomTree Domestic Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree SmallCap Dividend Fund (DES)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Ares Capital Corp. |
2.1% | |||
| Vector Group Ltd. |
1.3% | |||
| Zenith National Insurance Corp. |
1.0% | |||
| Prospect Capital Corp. |
1.0% | |||
| Potlatch Corp. |
1.0% | |||
| BlackRock Kelso Capital Corp. |
1.0% | |||
| Valhi, Inc. |
0.8% | |||
| United Bankshares, Inc. |
0.8% | |||
| Medical Properties Trust, Inc. |
0.8% | |||
| Deluxe Corp. |
0.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index.
The WisdomTree SmallCap Dividend Fund (Ticker Symbol: DES) returned 83.27% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweighted position to Financials, which had above average returns and had a notable contribution to positive Fund performance. Information Technology, a sector that outperformed, was a significant underweight during the period, which created a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree SmallCap Dividend Index |
Russell 2000 Index | |||||||||||||
| One Year |
83.27 | % | 81.12 | % | 84.80 | % | 62.76 | % | ||||||||
| Three Year |
-5.52 | % | -5.65 | % | -5.32 | % | -3.99 | % | ||||||||
| Since Inception1 |
-0.38 | % | -0.56 | % | -0.37 | % | 0.85 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic Dividend Funds | 9 |
Table of Contents
| Cumulative Returns as of 3/31/10 (unaudited) | ||||||||||||||||||||||||
| Total Return NAV (%) | Market Price (%) | |||||||||||||||||||||||
| 1-Year | 3-Year | Since Inception |
1-Year | 3-Year | Since Inception |
|||||||||||||||||||
| WisdomTree Total Dividend Fund |
50.83 | % | -18.33 | % | -4.58 | % | 49.37 | % | -18.83 | % | -5.33 | % | ||||||||||||
| Russell 3000 Index |
52.44 | % | -11.50 | % | 2.36 | % | 52.44 | % | -11.50 | % | 2.36 | % | ||||||||||||
| WisdomTree Dividend Index |
52.10 | % | -16.68 | % | -3.07 | % | 52.10 | % | -16.68 | % | -3.07 | % | ||||||||||||
| WisdomTree Equity Income Fund |
58.47 | % | -30.73 | % | -18.10 | % | 56.73 | % | -31.41 | % | -18.94 | % | ||||||||||||
| Russell 1000 Value Index |
53.56 | % | -20.42 | % | -5.49 | % | 53.56 | % | -20.42 | % | -5.49 | % | ||||||||||||
| WisdomTree Equity Income Index |
59.55 | % | -30.05 | % | -17.41 | % | 59.55 | % | -30.05 | % | -17.41 | % | ||||||||||||
| WisdomTree LargeCap Dividend Fund |
46.53 | % | -19.49 | % | -5.99 | % | 45.49 | % | -20.03 | % | -6.74 | % | ||||||||||||
| S&P 500 Index |
49.77 | % | -11.98 | % | 1.41 | % | 49.77 | % | -11.98 | % | 1.41 | % | ||||||||||||
| WisdomTree LargeCap Dividend Index |
47.57 | % | -18.08 | % | -4.50 | % | 47.57 | % | -18.08 | % | -4.50 | % | ||||||||||||
| WisdomTree Dividend ex-Financials Fund |
66.66 | % | -18.71 | % | -1.65 | % | 65.34 | % | -19.33 | % | -2.43 | % | ||||||||||||
| Dow Jones US Select Dividend Index |
53.07 | % | -24.66 | % | -11.28 | % | 53.07 | % | -24.66 | % | -11.28 | % | ||||||||||||
| Spliced WisdomTree Index |
67.88 | % | -17.41 | % | -0.34 | % | 67.88 | % | -17.41 | % | -0.34 | % | ||||||||||||
| WisdomTree MidCap Dividend Fund |
77.34 | % | -11.43 | % | 4.25 | % | 75.84 | % | -11.96 | % | 4.06 | % | ||||||||||||
| S&P MidCap 400 Index |
64.07 | % | -2.46 | % | 12.88 | % | 64.07 | % | -2.46 | % | 12.88 | % | ||||||||||||
| WisdomTree MidCap Dividend Index |
78.66 | % | -12.78 | % | 2.53 | % | 78.66 | % | -12.78 | % | 2.53 | % | ||||||||||||
| WisdomTree SmallCap Dividend Fund |
83.27 | % | -15.67 | % | -1.44 | % | 81.12 | % | -16.01 | % | -2.11 | % | ||||||||||||
| Russell 2000 Index |
62.76 | % | -11.50 | % | 3.26 | % | 62.76 | % | -11.50 | % | 3.26 | % | ||||||||||||
| WisdomTree SmallCap Dividend Index |
84.80 | % | -15.13 | % | -1.40 | % | 84.80 | % | -15.13 | % | -1.40 | % | ||||||||||||
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
Please see page 11 for the list of index descriptions.
| 10 | WisdomTree Domestic Dividend Funds |
Table of Contents
Description of Terms and Indices (unaudited)
Below are descriptions of each index referenced in this Annual Report:
The WisdomTree Dividend Index defines the dividend-paying portion of the U.S. stock market.
The WisdomTree LargeCap Dividend Index measures the performance of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.
The WisdomTree MidCap Dividend Index measures the performance of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.
The WisdomTree SmallCap Dividend Index measures the performance of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.
The WisdomTree Equity Income Index measures the performance of companies with high dividend yields, selected from the WisdomTree Dividend Index.
The WisdomTree Dividend ex-Financials Index measures the performance of high dividend-yielding stocks outside the financial sector.
The WisdomTree Dividend Top 100 Index measures the performance of the 100 highest dividend-yielding companies in the WisdomTree LargeCap Dividend Index.
The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies, based on total market capitalization.
The S&P 500 Index is a capitalization-weighted index of 500 stocks selected by 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 measures the performance of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.
The Russell 2000 Index measures performance of the smallest 2,000 securities in the Russell 3000 Index.
The Russell 1000 Value Index is a measure of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.
The Dow Jones U.S. Select Dividend Index measures the performance of 100 U.S. dividend-paying companies.
Spliced WisdomTree Index — WisdomTree Dividend Top 100 through May 7, 2009; WisdomTree Dividend ex-Financials Index thereafter.
Index performance information assumes the reinvestment of gross dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
| WisdomTree Domestic Dividend Funds | 11 |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2009 to March 31, 2010.
Actual expenses
The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During Period 10/01/09 to 3/31/10” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| 12 | WisdomTree Domestic Dividend Funds |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/09 |
Ending Account Value 3/31/10 |
Annualized Expense Ratio Based on the Period 10/01/09 to 3/31/10 |
Expenses Paid During the Period† 10/01/09 to 3/31/10 |
|||||||||||||
| WisdomTree Total Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,103.40 | 0.28 | % | $ | 1.49 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.51 | 0.28 | % | $ | 1.43 | ||||||||
| WisdomTree Equity Income Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,065.50 | 0.38 | % | $ | 1.98 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.01 | 0.38 | % | $ | 1.94 | ||||||||
| WisdomTree LargeCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,093.70 | 0.28 | % | $ | 1.48 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.51 | 0.28 | % | $ | 1.43 | ||||||||
| WisdomTree Dividend ex-Financials Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,152.50 | 0.38 | % | $ | 2.06 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.01 | 0.38 | % | $ | 1.94 | ||||||||
| WisdomTree MidCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,159.57 | 0.38 | % | $ | 2.07 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.01 | 0.38 | % | $ | 1.94 | ||||||||
| WisdomTree SmallCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,148.20 | 0.38 | % | $ | 2.06 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.01 | 0.38 | % | $ | 1.94 | ||||||||
| † | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). |
| WisdomTree Domestic Dividend Funds | 13 |
Table of Contents
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.5% | ||||||||
| Advertising – 0.1% | ||||||||
| Harte-Hanks, Inc. |
1,669 | $ | 21,463 | |||||
| Omnicom Group, Inc. |
2,774 | 107,659 | ||||||
| Total Advertising | 129,122 | |||||||
| Aerospace/Defense – 2.8% | ||||||||
| Boeing Co. (The) |
13,063 | 948,504 | ||||||
| General Dynamics Corp. |
4,867 | 375,732 | ||||||
| Goodrich Corp. |
1,282 | 90,407 | ||||||
| L-3 Communications Holdings, Inc. |
1,241 | 113,713 | ||||||
| Lockheed Martin Corp. |
7,146 | 594,690 | ||||||
| Northrop Grumman Corp. |
5,628 | 369,028 | ||||||
| Raytheon Co. |
5,172 | 295,425 | ||||||
| Rockwell Collins, Inc. |
1,723 | 107,842 | ||||||
| United Technologies Corp. |
11,847 | 872,058 | ||||||
| Total Aerospace/Defense | 3,767,399 | |||||||
| Agriculture – 4.3% | ||||||||
| Altria Group, Inc. |
82,452 | 1,691,915 | ||||||
| Archer-Daniels-Midland Co. |
6,779 | 195,913 | ||||||
| Lorillard, Inc. |
4,683 | 352,349 | ||||||
| Philip Morris International, Inc. |
52,006 | 2,712,633 | ||||||
| Reynolds American, Inc. |
11,303 | 610,136 | ||||||
| Universal Corp.(a) |
670 | 35,302 | ||||||
| Vector Group Ltd.(a) |
4,733 | 73,030 | ||||||
| Total Agriculture | 5,671,278 | |||||||
| Apparel – 0.4% | ||||||||
| Cherokee, Inc.(a) |
1,314 | 23,652 | ||||||
| Coach, Inc. |
1,686 | 66,631 | ||||||
| Columbia Sportswear Co.(a) |
631 | 33,146 | ||||||
| Jones Apparel Group, Inc. |
1 | 19 | ||||||
| NIKE, Inc. Class B |
3,855 | 283,342 | ||||||
| VF Corp. |
2,126 | 170,399 | ||||||
| Wolverine World Wide, Inc. |
524 | 15,280 | ||||||
| Total Apparel | 592,469 | |||||||
| Auto Manufacturers – 0.1% | ||||||||
| PACCAR, Inc. |
2,267 | 98,252 | ||||||
| Auto Parts & Equipment – 0.2% | ||||||||
| Cooper Tire & Rubber Co. |
1,162 | 22,101 | ||||||
| Johnson Controls, Inc. |
7,182 | 236,934 | ||||||
| Total Auto Parts & Equipment | 259,035 | |||||||
| Banks – 3.7% | ||||||||
| 1st Source Corp. |
805 | 14,128 | ||||||
| Arrow Financial Corp. |
949 | 25,519 | ||||||
| Associated Banc-Corp. |
1,888 | 26,054 | ||||||
| Bancfirst Corp. |
621 | 26,026 | ||||||
| BancorpSouth, Inc. |
1,595 | 33,431 | ||||||
| Bank of America Corp. |
13,407 | 239,315 | ||||||
| Bank of Hawaii Corp.(a) |
941 | 42,298 | ||||||
| Bank of New York Mellon Corp. (The) |
9,316 | 287,678 | ||||||
| BB&T Corp. |
9,358 | 303,106 | ||||||
| BOK Financial Corp.(a) |
674 | 35,345 | ||||||
| Investments | Shares | Value | ||||||
| Capital One Financial Corp. |
1,390 | $ | 57,560 | |||||
| Cathay General Bancorp(a) |
1,195 | 13,922 | ||||||
| Chemical Financial Corp.(a) |
689 | 16,274 | ||||||
| City Holding Co. |
805 | 27,603 | ||||||
| Comerica, Inc. |
830 | 31,573 | ||||||
| Commerce Bancshares, Inc. |
1,266 | 52,083 | ||||||
| Community Bank System, Inc.(a) |
1,433 | 32,644 | ||||||
| Community Trust Bancorp, Inc. |
1,159 | 31,397 | ||||||
| Cullen/Frost Bankers, Inc. |
1,144 | 63,835 | ||||||
| CVB Financial Corp.(a) |
3,398 | 33,742 | ||||||
| Fifth Third Bancorp |
2,541 | 34,532 | ||||||
| First Busey Corp.(a) |
1,856 | 8,204 | ||||||
| First Commonwealth Financial Corp. |
3,603 | 24,176 | ||||||
| First Financial Bancorp |
3 | 53 | ||||||
| First Financial Bankshares, Inc. |
363 | 18,713 | ||||||
| First Financial Corp.(a) |
752 | 21,778 | ||||||
| FirstMerit Corp. |
1,430 | 30,845 | ||||||
| FNB Corp. |
5,620 | 45,578 | ||||||
| Fulton Financial Corp.(a) |
2 | 20 | ||||||
| Glacier Bancorp, Inc. |
2,128 | 32,409 | ||||||
| Goldman Sachs Group, Inc. (The) |
2,523 | 430,500 | ||||||
| Hancock Holding Co. |
428 | 17,895 | ||||||
| Huntington Bancshares, Inc. |
5,891 | 31,635 | ||||||
| Iberiabank Corp. |
469 | 28,145 | ||||||
| International Bancshares Corp. |
1,139 | 26,186 | ||||||
| JPMorgan Chase & Co. |
11,069 | 495,338 | ||||||
| KeyCorp |
4,208 | 32,612 | ||||||
| M&T Bank Corp.(a) |
3,008 | 238,775 | ||||||
| MB Financial, Inc. |
542 | 12,211 | ||||||
| Morgan Stanley |
5,286 | 154,827 | ||||||
| National Penn Bancshares, Inc.(a) |
2,013 | 13,890 | ||||||
| NBT Bancorp, Inc. |
1,317 | 30,094 | ||||||
| Northern Trust Corp. |
3,173 | 175,340 | ||||||
| Old National Bancorp |
1,855 | 22,167 | ||||||
| Park National Corp.(a) |
638 | 39,754 | ||||||
| Penns Woods Bancorp, Inc. |
925 | 31,034 | ||||||
| PNC Financial Services Group, Inc. |
2,136 | 127,519 | ||||||
| Prosperity Bancshares, Inc. |
534 | 21,894 | ||||||
| Regions Financial Corp.(a) |
6,107 | 47,940 | ||||||
| S&T Bancorp, Inc. |
571 | 11,934 | ||||||
| S.Y. Bancorp, Inc.(a) |
1,051 | 23,910 | ||||||
| Sterling Bancshares, Inc.(a) |
4,092 | 22,833 | ||||||
| Suffolk Bancorp(a) |
802 | 24,629 | ||||||
| Synovus Financial Corp.(a) |
4,459 | 14,670 | ||||||
| TrustCo Bank Corp.(a) |
1,930 | 11,908 | ||||||
| Trustmark Corp. |
1,245 | 30,415 | ||||||
| U.S. Bancorp |
10,164 | 263,044 | ||||||
| UMB Financial Corp.(a) |
697 | 28,298 | ||||||
| Umpqua Holdings Corp. |
1,665 | 22,078 | ||||||
| United Bankshares, Inc.(a) |
1,939 | 50,841 | ||||||
| Valley National Bancorp(a) |
4,644 | 71,378 | ||||||
| Wells Fargo & Co. |
21,055 | 655,232 | ||||||
| WesBanco, Inc. |
730 | 11,870 | ||||||
See Notes to Financial Statements.
| 14 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| Westamerica Bancorp.(a) |
440 | $ | 25,366 | |||||
| Total Banks | 4,856,003 | |||||||
| Beverages – 3.3% | ||||||||
| Brown-Forman Corp. Class A |
1,069 | 67,133 | ||||||
| Brown-Forman Corp. Class B(a) |
971 | 57,726 | ||||||
| Coca-Cola Co. (The) |
37,713 | 2,074,215 | ||||||
| Coca-Cola Enterprises, Inc. |
4,346 | 120,210 | ||||||
| Dr. Pepper Snapple Group, Inc. |
3,391 | 119,262 | ||||||
| Molson Coors Brewing Co. Class B |
1,994 | 83,868 | ||||||
| PepsiCo, Inc. |
28,264 | 1,869,946 | ||||||
| Total Beverages | 4,392,360 | |||||||
| Building Materials – 0.1% | ||||||||
| Eagle Materials, Inc. |
410 | 10,881 | ||||||
| Lennox International, Inc. |
567 | 25,129 | ||||||
| Martin Marietta Materials, Inc.(a) |
505 | 42,193 | ||||||
| Masco Corp. |
4,906 | 76,141 | ||||||
| Simpson Manufacturing Co., Inc.(a) |
431 | 11,965 | ||||||
| Total Building Materials | 166,309 | |||||||
| Chemicals – 2.6% | ||||||||
| Air Products & Chemicals, Inc. |
2,689 | 198,852 | ||||||
| Airgas, Inc. |
852 | 54,204 | ||||||
| Albemarle Corp. |
670 | 28,562 | ||||||
| Arch Chemicals, Inc. |
429 | 14,753 | ||||||
| Ashland, Inc. |
567 | 29,921 | ||||||
| Cabot Corp. |
1,000 | 30,400 | ||||||
| Celanese Corp. Series A |
395 | 12,581 | ||||||
| Cytec Industries, Inc. |
1 | 47 | ||||||
| Dow Chemical Co. (The) |
14,739 | 435,832 | ||||||
| E.I. Du Pont de Nemours & Co. |
26,137 | 973,342 | ||||||
| Eastman Chemical Co. |
1,317 | 83,867 | ||||||
| Ecolab, Inc. |
1,724 | 75,770 | ||||||
| FMC Corp. |
380 | 23,005 | ||||||
| Huntsman Corp. |
5,569 | 67,106 | ||||||
| Innophos Holdings, Inc. |
840 | 23,436 | ||||||
| International Flavors & Fragrances, Inc. |
1,126 | 53,676 | ||||||
| Lubrizol Corp. |
758 | 69,524 | ||||||
| Monsanto Co. |
4,097 | 292,608 | ||||||
| Mosaic Co. (The) |
915 | 55,604 | ||||||
| Olin Corp. |
2,425 | 47,578 | ||||||
| PPG Industries, Inc. |
3,435 | 224,649 | ||||||
| Praxair, Inc. |
3,647 | 302,701 | ||||||
| RPM International, Inc. |
2,843 | 60,670 | ||||||
| Sensient Technologies Corp. |
1,282 | 37,255 | ||||||
| Sherwin-Williams Co. (The) |
1,542 | 104,363 | ||||||
| Sigma-Aldrich Corp. |
659 | 35,362 | ||||||
| Terra Industries, Inc. |
728 | 33,313 | ||||||
| Valhi, Inc.(a) |
2,706 | 53,254 | ||||||
| Valspar Corp. |
1,414 | 41,685 | ||||||
| Westlake Chemical Corp. |
652 | 16,815 | ||||||
| Total Chemicals | 3,480,735 | |||||||
| Coal – 0.1% | ||||||||
| Arch Coal, Inc. |
1,411 | 32,241 | ||||||
| Investments | Shares | Value | ||||||
| Consol Energy, Inc. |
864 | $ | 36,858 | |||||
| Massey Energy Co. |
265 | 13,857 | ||||||
| Peabody Energy Corp. |
1,287 | 58,816 | ||||||
| Walter Energy, Inc. |
169 | 15,594 | ||||||
| Total Coal | 157,366 | |||||||
| Commercial Services – 1.3% | ||||||||
| ABM Industries, Inc. |
852 | 18,062 | ||||||
| Automatic Data Processing, Inc. |
9,242 | 410,992 | ||||||
| Deluxe Corp. |
1,872 | 36,354 | ||||||
| Equifax, Inc.(a) |
416 | 14,893 | ||||||
| H&R Block, Inc. |
5,595 | 99,591 | ||||||
| Healthcare Services Group, Inc. |
1,141 | 25,547 | ||||||
| Hillenbrand, Inc. |
1,443 | 31,732 | ||||||
| Interactive Data Corp. |
1,905 | 60,960 | ||||||
| Landauer, Inc.(a) |
288 | 18,783 | ||||||
| Lender Processing Services, Inc. |
504 | 19,026 | ||||||
| Manpower, Inc. |
762 | 43,525 | ||||||
| Mastercard, Inc. Class A |
182 | 46,228 | ||||||
| McGrath Rentcorp |
1,156 | 28,010 | ||||||
| Moody’s Corp.(a) |
2,209 | 65,718 | ||||||
| Paychex, Inc. |
8,266 | 253,766 | ||||||
| Pharmaceutical Product Development, Inc. |
2,154 | 51,157 | ||||||
| R.R. Donnelley & Sons Co. |
5,835 | 124,577 | ||||||
| Robert Half International, Inc.(a) |
1,637 | 49,814 | ||||||
| Rollins, Inc. |
1,585 | 34,363 | ||||||
| SEI Investments Co. |
912 | 20,037 | ||||||
| Service Corp. International |
3,524 | 32,350 | ||||||
| Strayer Education, Inc.(a) |
132 | 32,145 | ||||||
| Total System Services, Inc. |
1,912 | 29,942 | ||||||
| Visa, Inc. Class A |
1,588 | 144,556 | ||||||
| Washington Post Co. (The) Class B |
105 | 46,639 | ||||||
| Weight Watchers International, Inc.(a) |
1,154 | 29,462 | ||||||
| Western Union Co. (The) |
924 | 15,671 | ||||||
| Total Commercial Services | 1,783,900 | |||||||
| Computers – 1.6% | ||||||||
| Diebold, Inc.(a) |
1,631 | 51,801 | ||||||
| Hewlett-Packard Co. |
8,555 | 454,698 | ||||||
| International Business Machines Corp. |
12,927 | 1,657,888 | ||||||
| Jack Henry & Associates, Inc. |
751 | 18,069 | ||||||
| Total Computers | 2,182,456 | |||||||
| Cosmetics/Personal Care – 2.9% | ||||||||
| Alberto-Culver Co. |
677 | 17,704 | ||||||
| Avon Products, Inc. |
6,466 | 219,003 | ||||||
| Colgate-Palmolive Co. |
6,088 | 519,063 | ||||||
| Estee Lauder Cos., Inc. (The) Class A |
781 | 50,663 | ||||||
| Procter & Gamble Co. (The) |
47,950 | 3,033,797 | ||||||
| Total Cosmetics/Personal Care | 3,840,230 | |||||||
| Distribution/Wholesale – 0.3% | ||||||||
| Fastenal Co.(a) |
1,581 | 75,872 | ||||||
| Genuine Parts Co. |
3,751 | 158,442 | ||||||
| Owens & Minor, Inc. |
517 | 23,984 | ||||||
| Pool Corp.(a) |
798 | 18,067 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 15 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| W.W. Grainger, Inc. |
827 | $ | 89,415 | |||||
| Watsco, Inc. |
584 | 33,218 | ||||||
| Total Distribution/Wholesale | 398,998 | |||||||
| Diversified Financial Services – 1.4% | ||||||||
| American Express Co. |
12,066 | 497,843 | ||||||
| Ameriprise Financial, Inc. |
2,755 | 124,967 | ||||||
| BGC Partners, Inc. Class A |
4,531 | 27,684 | ||||||
| BlackRock, Inc. |
407 | 88,628 | ||||||
| Charles Schwab Corp. (The) |
9,060 | 169,331 | ||||||
| CME Group, Inc. |
538 | 170,067 | ||||||
| Discover Financial Services |
1,923 | 28,653 | ||||||
| Eaton Vance Corp. |
1,527 | 51,216 | ||||||
| Federated Investors, Inc. Class B(a) |
2,114 | 55,767 | ||||||
| Franklin Resources, Inc. |
1,069 | 118,552 | ||||||
| GFI Group, Inc. |
3,761 | 21,739 | ||||||
| Greenhill & Co., Inc.(a) |
335 | 27,500 | ||||||
| NYSE Euronext |
7,043 | 208,543 | ||||||
| Raymond James Financial, Inc. |
1,239 | 33,131 | ||||||
| Student Loan Corp. (The) |
497 | 17,659 | ||||||
| T. Rowe Price Group, Inc. |
2,788 | 153,145 | ||||||
| Waddell & Reed Financial, Inc. Class A(a) |
1,375 | 49,555 | ||||||
| Total Diversified Financial Services | 1,843,980 | |||||||
| Electric – 6.8% | ||||||||
| Allegheny Energy, Inc. |
2,775 | 63,825 | ||||||
| ALLETE, Inc. |
1,324 | 44,328 | ||||||
| Alliant Energy Corp. |
2,981 | 99,148 | ||||||
| Ameren Corp. |
7,331 | 191,193 | ||||||
| American Electric Power Co., Inc. |
12,573 | 429,745 | ||||||
| Avista Corp. |
1,379 | 28,559 | ||||||
| Black Hills Corp. |
1,603 | 48,651 | ||||||
| Central Vermont Public Service Corp. |
1,623 | 32,736 | ||||||
| CH Energy Group, Inc. |
767 | 31,324 | ||||||
| Cleco Corp. |
1,640 | 43,542 | ||||||
| CMS Energy Corp.(a) |
4,795 | 74,131 | ||||||
| Consolidated Edison, Inc. |
8,037 | 357,968 | ||||||
| Constellation Energy Group, Inc. |
3,353 | 117,724 | ||||||
| Dominion Resources, Inc. |
15,051 | 618,747 | ||||||
| DPL, Inc. |
2,654 | 72,162 | ||||||
| DTE Energy Co. |
4,411 | 196,731 | ||||||
| Duke Energy Corp. |
40,306 | 657,794 | ||||||
| Edison International |
6,438 | 219,986 | ||||||
| Empire District Electric Co. (The) |
1,974 | 35,571 | ||||||
| Entergy Corp. |
3,864 | 314,336 | ||||||
| Exelon Corp. |
15,697 | 687,686 | ||||||
| FirstEnergy Corp. |
8,105 | 316,824 | ||||||
| FPL Group, Inc. |
8,130 | 392,923 | ||||||
| Great Plains Energy, Inc.(a) |
3,526 | 65,478 | ||||||
| Hawaiian Electric Industries, Inc.(a) |
3,340 | 74,983 | ||||||
| IDACORP, Inc. |
1,351 | 46,772 | ||||||
| Integrys Energy Group, Inc.(a) |
2,771 | 131,290 | ||||||
| ITC Holdings Corp. |
710 | 39,050 | ||||||
| MDU Resources Group, Inc. |
3,102 | 66,941 | ||||||
| MGE Energy, Inc.(a) |
719 | 25,424 | ||||||
| Investments | Shares | Value | ||||||
| Northeast Utilities |
3,673 | $ | 101,522 | |||||
| NorthWestern Corp.(a) |
1,284 | 34,424 | ||||||
| NSTAR |
2,585 | 91,561 | ||||||
| NV Energy, Inc. |
5,218 | 64,338 | ||||||
| OGE Energy Corp.(a) |
2,137 | 83,215 | ||||||
| Otter Tail Corp. |
1,463 | 32,128 | ||||||
| Pepco Holdings, Inc. |
7,829 | 134,267 | ||||||
| PG&E Corp. |
7,786 | 330,282 | ||||||
| Pinnacle West Capital Corp. |
3,036 | 114,548 | ||||||
| PNM Resources, Inc. |
2,477 | 31,037 | ||||||
| Portland General Electric Co. |
2,430 | 46,923 | ||||||
| PPL Corp. |
9,037 | 250,415 | ||||||
| Progress Energy, Inc. |
9,325 | 367,032 | ||||||
| Public Service Enterprise Group, Inc. |
11,370 | 335,642 | ||||||
| SCANA Corp. |
3,168 | 119,085 | ||||||
| Southern Co. |
23,415 | 776,441 | ||||||
| TECO Energy, Inc. |
6,133 | 97,453 | ||||||
| UIL Holdings Corp. |
1,463 | 40,233 | ||||||
| Unisource Energy Corp. |
1,076 | 33,829 | ||||||
| Unitil Corp. |
1,400 | 32,550 | ||||||
| Westar Energy, Inc. |
3,453 | 77,002 | ||||||
| Wisconsin Energy Corp. |
1,821 | 89,976 | ||||||
| Xcel Energy, Inc. |
11,590 | 245,708 | ||||||
| Total Electric | 9,055,183 | |||||||
| Electrical Components & Equipment – 0.6% | ||||||||
| AMETEK, Inc. |
425 | 17,621 | ||||||
| Emerson Electric Co. |
13,952 | 702,344 | ||||||
| Hubbell, Inc. Class B |
1,129 | 56,935 | ||||||
| Molex, Inc. |
1,356 | 28,286 | ||||||
| Molex, Inc. Class A |
2,299 | 40,577 | ||||||
| Total Electrical Components & Equipment | 845,763 | |||||||
| Electronics – 0.2% | ||||||||
| AVX Corp. |
2,052 | 29,139 | ||||||
| Brady Corp. Class A |
759 | 23,620 | ||||||
| Gentex Corp.(a) |
2,339 | 45,423 | ||||||
| Jabil Circuit, Inc. |
2,837 | 45,931 | ||||||
| National Instruments Corp. |
853 | 28,448 | ||||||
| PerkinElmer, Inc. |
1,069 | 25,549 | ||||||
| Total Electronics | 198,110 | |||||||
| Engineering & Construction – 0.1% | ||||||||
| Fluor Corp. |
1,282 | 59,626 | ||||||
| Granite Construction, Inc. |
390 | 11,786 | ||||||
| KBR, Inc. |
1,564 | 34,658 | ||||||
| Total Engineering & Construction | 106,070 | |||||||
| Entertainment – 0.2% | ||||||||
| Cinemark Holdings, Inc. |
3,548 | 65,070 | ||||||
| International Game Technology |
2,333 | 43,044 | ||||||
| National CineMedia, Inc. |
1,477 | 25,493 | ||||||
| Regal Entertainment Group Class A |
3,800 | 66,766 | ||||||
| Total Entertainment | 200,373 | |||||||
See Notes to Financial Statements.
| 16 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| Environmental Control – 0.4% | ||||||||
| Mine Safety Appliances Co. |
751 | $ | 20,998 | |||||
| Nalco Holding Co. |
510 | 12,408 | ||||||
| Republic Services, Inc. |
5,878 | 170,580 | ||||||
| Waste Management, Inc. |
10,177 | 350,394 | ||||||
| Total Environmental Control | 554,380 | |||||||
| Food – 3.1% | ||||||||
| B&G Foods, Inc. Class A |
3,261 | 34,175 | ||||||
| Campbell Soup Co. |
6,340 | 224,119 | ||||||
| ConAgra Foods, Inc. |
8,832 | 221,418 | ||||||
| Corn Products International, Inc. |
1,104 | 38,265 | ||||||
| Del Monte Foods Co. |
2,321 | 33,887 | ||||||
| Flowers Foods, Inc.(a) |
1,725 | 42,676 | ||||||
| General Mills, Inc. |
5,108 | 361,595 | ||||||
| H.J. Heinz Co. |
6,939 | 316,488 | ||||||
| Hershey Co. (The) |
3,106 | 132,968 | ||||||
| Hormel Foods Corp.(a) |
1,778 | 74,694 | ||||||
| J.M. Smucker Co. (The) |
1,595 | 96,115 | ||||||
| Kellogg Co. |
6,099 | 325,870 | ||||||
| Kraft Foods, Inc. Class A |
36,198 | 1,094,627 | ||||||
| Kroger Co. (The) |
7,068 | 153,093 | ||||||
| Lancaster Colony Corp. |
533 | 31,426 | ||||||
| Lance, Inc.(a) |
561 | 12,976 | ||||||
| McCormick & Co., Inc. |
2,004 | 76,873 | ||||||
| Ruddick Corp.(a) |
535 | 16,927 | ||||||
| Safeway, Inc. |
4,542 | 112,914 | ||||||
| Sara Lee Corp. |
14,669 | 204,339 | ||||||
| SUPERVALU, Inc. |
3,525 | 58,797 | ||||||
| Sysco Corp. |
12,141 | 358,159 | ||||||
| Tyson Foods, Inc. Class A |
2,697 | 51,648 | ||||||
| Weis Markets, Inc. |
583 | 21,198 | ||||||
| Total Food | 4,095,247 | |||||||
| Forest Products & Paper – 0.3% | ||||||||
| Glatfelter |
738 | 10,694 | ||||||
| International Paper Co. |
1,110 | 27,317 | ||||||
| MeadWestvaco Corp. |
3,254 | 83,140 | ||||||
| Plum Creek Timber Co., Inc.(a) |
3,931 | 152,955 | ||||||
| Potlatch Corp. |
1,284 | 44,991 | ||||||
| Rayonier, Inc. |
2,073 | 94,177 | ||||||
| Weyerhaeuser Co. |
534 | 24,174 | ||||||
| Total Forest Products & Paper | 437,448 | |||||||
| Gas – 0.9% | ||||||||
| AGL Resources, Inc. |
1,906 | 73,667 | ||||||
| Atmos Energy Corp. |
2,244 | 64,111 | ||||||
| Centerpoint Energy, Inc. |
11,041 | 158,549 | ||||||
| Chesapeake Utilities Corp. |
775 | 23,095 | ||||||
| Energen Corp. |
548 | 25,498 | ||||||
| Laclede Group, Inc. (The) |
858 | 28,932 | ||||||
| National Fuel Gas Co. |
1,164 | 58,840 | ||||||
| New Jersey Resources Corp. |
740 | 27,794 | ||||||
| Nicor, Inc.(a) |
1,091 | 45,735 | ||||||
| NiSource, Inc. |
8,582 | 135,596 | ||||||
| Investments | Shares | Value | ||||||
| Northwest Natural Gas Co.(a) |
480 | $ | 22,368 | |||||
| Piedmont Natural Gas Co., Inc.(a) |
1,424 | 39,274 | ||||||
| Sempra Energy |
3,841 | 191,666 | ||||||
| South Jersey Industries, Inc. |
512 | 21,499 | ||||||
| Southern Union Co. |
1,966 | 49,877 | ||||||
| Southwest Gas Corp.(a) |
820 | 24,534 | ||||||
| UGI Corp. |
1,526 | 40,500 | ||||||
| Vectren Corp. |
2,430 | 60,070 | ||||||
| WGL Holdings, Inc. |
1,056 | 36,590 | ||||||
| Total Gas | 1,128,195 | |||||||
| Hand/Machine Tools – 0.2% | ||||||||
| Baldor Electric Co. |
922 | 34,483 | ||||||
| Kennametal, Inc. |
858 | 24,127 | ||||||
| Lincoln Electric Holdings, Inc. |
682 | 37,053 | ||||||
| Regal-Beloit Corp. |
373 | 22,160 | ||||||
| Snap-On, Inc. |
1,138 | 49,321 | ||||||
| Stanley Black & Decker, Inc. |
1,775 | 101,902 | ||||||
| Total Hand/Machine Tools | 269,046 | |||||||
| Healthcare-Products – 3.5% | ||||||||
| Baxter International, Inc. |
7,045 | 410,019 | ||||||
| Beckman Coulter, Inc. |
354 | 22,231 | ||||||
| Becton Dickinson and Co. |
2,585 | 203,517 | ||||||
| C.R. Bard, Inc. |
413 | 35,774 | ||||||
| DENTSPLY International, Inc. |
512 | 17,843 | ||||||
| Hill-Rom Holdings, Inc. |
786 | 21,387 | ||||||
| Johnson & Johnson |
48,352 | 3,152,550 | ||||||
| Medtronic, Inc. |
12,040 | 542,161 | ||||||
| Meridian Bioscience, Inc. |
1,156 | 23,548 | ||||||
| STERIS Corp. |
497 | 16,729 | ||||||
| Stryker Corp. |
1,836 | 105,056 | ||||||
| Techne Corp. |
356 | 22,674 | ||||||
| Teleflex, Inc. |
552 | 35,367 | ||||||
| West Pharmaceutical Services, Inc. |
311 | 13,047 | ||||||
| Total Healthcare-Products | 4,621,903 | |||||||
| Healthcare-Services – 0.1% | ||||||||
| Aetna, Inc. |
707 | 24,823 | ||||||
| Quest Diagnostics, Inc. |
964 | 56,191 | ||||||
| UnitedHealth Group, Inc. |
800 | 26,136 | ||||||
| Total Healthcare-Services | 107,150 | |||||||
| Holding Companies-Diversified – 0.0% | ||||||||
| Compass Diversified Holdings |
2,997 | 45,734 | ||||||
| Home Builders – 0.1% | ||||||||
| D.R. Horton, Inc.(a) |
2,715 | 34,209 | ||||||
| KB Home |
784 | 13,132 | ||||||
| Lennar Corp. Class A |
1,047 | 18,019 | ||||||
| MDC Holdings, Inc.(a) |
1,108 | 38,348 | ||||||
| Ryland Group, Inc. |
562 | 12,611 | ||||||
| Total Home Builders | 116,319 | |||||||
| Home Furnishings – 0.1% | ||||||||
| Whirlpool Corp. |
952 | 83,062 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 17 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| Household Products/Wares – 0.8% | ||||||||
| American Greetings Corp. Class A |
3 | $ | 62 | |||||
| Avery Dennison Corp.(a) |
1,487 | 54,142 | ||||||
| Church & Dwight Co., Inc. |
528 | 35,350 | ||||||
| Clorox Co. |
2,464 | 158,041 | ||||||
| Fortune Brands, Inc. |
1,719 | 83,389 | ||||||
| Jarden Corp. |
795 | 26,465 | ||||||
| Kimberly-Clark Corp. |
8,972 | 564,159 | ||||||
| Scotts Miracle-Gro Co. (The) Class A |
582 | 26,976 | ||||||
| Tupperware Brands Corp. |
901 | 43,446 | ||||||
| Total Household Products/Wares | 992,030 | |||||||
| Housewares – 0.0% | ||||||||
| Newell Rubbermaid, Inc. |
2,610 | 39,672 | ||||||
| Toro Co.(a) |
360 | 17,701 | ||||||
| Total Housewares | 57,373 | |||||||
| Insurance – 3.0% | ||||||||
| Allstate Corp. (The) |
8,658 | 279,740 | ||||||
| American Family Life Assurance Co., Inc. |
6,539 | 355,002 | ||||||
| American Financial Group, Inc. |
1,708 | 48,593 | ||||||
| American National Insurance Co.(a) |
505 | 57,338 | ||||||
| AON Corp. |
2,523 | 107,757 | ||||||
| Arthur J. Gallagher & Co. |
3,288 | 80,720 | ||||||
| Assurant, Inc. |
1,522 | 52,326 | ||||||
| Baldwin & Lyons, Inc. Class B |
909 | 21,898 | ||||||
| Brown & Brown, Inc. |
1,605 | 28,762 | ||||||
| Chubb Corp. |
5,432 | 281,649 | ||||||
| Cincinnati Financial Corp.(a) |
5,206 | 150,453 | ||||||
| Donegal Group, Inc. Class A |
1,412 | 20,488 | ||||||
| Erie Indemnity Co. Class A |
1,284 | 55,379 | ||||||
| Fidelity National Financial, Inc. Class A |
5,902 | 87,468 | ||||||
| First American Corp. |
1,684 | 56,987 | ||||||
| Hanover Insurance Group, Inc. (The)(a) |
544 | 23,724 | ||||||
| Harleysville Group, Inc.(a) |
851 | 28,730 | ||||||
| Hartford Financial Services Group, Inc. |
2,097 | 59,597 | ||||||
| HCC Insurance Holdings, Inc. |
1,516 | 41,842 | ||||||
| Horace Mann Educators Corp. |
3 | 45 | ||||||
| Loews Corp. |
1,741 | 64,904 | ||||||
| Marsh & McLennan Cos., Inc. |
11,057 | 270,012 | ||||||
| Mercury General Corp. |
1,753 | 76,641 | ||||||
| Metlife, Inc. |
9,598 | 415,977 | ||||||
| Old Republic International Corp. |
9,206 | 116,732 | ||||||
| Principal Financial Group, Inc. |
4,037 | 117,921 | ||||||
| Protective Life Corp. |
1,442 | 31,710 | ||||||
| Prudential Financial, Inc. |
3,770 | 228,085 | ||||||
| Reinsurance Group of America, Inc. |
308 | 16,176 | ||||||
| RLI Corp.(a) |
339 | 19,330 | ||||||
| Safety Insurance Group, Inc. |
765 | 28,817 | ||||||
| Selective Insurance Group |
1,485 | 24,651 | ||||||
| StanCorp Financial Group, Inc. |
752 | 35,818 | ||||||
| State Auto Financial Corp. |
1,276 | 22,904 | ||||||
| Torchmark Corp. |
790 | 42,273 | ||||||
| Transatlantic Holdings, Inc. |
611 | 32,261 | ||||||
| Travelers Cos., Inc. (The) |
8,259 | 445,490 | ||||||
| Investments | Shares | Value | ||||||
| Unitrin, Inc. |
1,484 | $ | 41,626 | |||||
| Unum Group |
3,549 | 87,909 | ||||||
| W.R. Berkley Corp. |
1,059 | 27,629 | ||||||
| Zenith National Insurance Corp. |
1,466 | 56,177 | ||||||
| Total Insurance | 4,041,541 | |||||||
| Internet – 0.1% | ||||||||
| Earthlink, Inc. |
4,630 | 39,540 | ||||||
| NutriSystem, Inc.(a) |
3 | 54 | ||||||
| United Online, Inc. |
2,983 | 22,313 | ||||||
| Total Internet | 61,907 | |||||||
| Investment Companies – 0.4% | ||||||||
| Apollo Investment Corp. |
11,556 | 147,108 | ||||||
| Ares Capital Corp. |
7,817 | 116,004 | ||||||
| BlackRock Kelso Capital Corp. |
5,704 | 56,812 | ||||||
| Fifth Street Finance Corp. |
2,359 | 27,388 | ||||||
| Gladstone Capital Corp.(a) |
2,659 | 31,376 | ||||||
| Hercules Technology Growth Capital, Inc.(a) |
3,535 | 37,436 | ||||||
| Main Street Capital Corp.(a) |
1,706 | 26,631 | ||||||
| PennantPark Investment Corp. |
2,800 | 29,008 | ||||||
| Prospect Capital Corp.(a) |
4,577 | 55,610 | ||||||
| TICC Capital Corp. |
4,690 | 30,907 | ||||||
| Total Investment Companies | 558,280 | |||||||
| Iron/Steel – 0.4% | ||||||||
| AK Steel Holding Corp. |
521 | 11,910 | ||||||
| Allegheny Technologies, Inc.(a) |
1,153 | 62,251 | ||||||
| Carpenter Technology Corp. |
724 | 26,498 | ||||||
| Cliffs Natural Resources, Inc. |
496 | 35,191 | ||||||
| Nucor Corp.(a) |
6,135 | 278,406 | ||||||
| Reliance Steel & Aluminum Co. |
579 | 28,504 | ||||||
| Steel Dynamics, Inc. |
1,953 | 34,119 | ||||||
| United States Steel Corp. |
521 | 33,094 | ||||||
| Total Iron/Steel | 509,973 | |||||||
| Leisure Time – 0.1% | ||||||||
| Callaway Golf Co. |
1,661 | 14,650 | ||||||
| Harley-Davidson, Inc. |
2,156 | 60,519 | ||||||
| Polaris Industries, Inc.(a) |
822 | 42,053 | ||||||
| Total Leisure Time | 117,222 | |||||||
| Lodging – 0.1% | ||||||||
| Choice Hotels International, Inc.(a) |
1,159 | 40,345 | ||||||
| Marriott International, Inc. Class A |
2,777 | 87,531 | ||||||
| Starwood Hotels & Resorts Worldwide, Inc.(a) |
696 | 32,461 | ||||||
| Wyndham Worldwide Corp. |
1,048 | 26,965 | ||||||
| Total Lodging | 187,302 | |||||||
| Machinery-Construction & Mining – 0.5% | ||||||||
| Caterpillar, Inc. |
10,441 | 656,217 | ||||||
| Joy Global, Inc. |
907 | 51,336 | ||||||
| Total Machinery-Construction & Mining | 707,553 | |||||||
| Machinery-Diversified – 0.6% | ||||||||
| Applied Industrial Technologies, Inc. |
794 | 19,731 | ||||||
| Briggs & Stratton Corp. |
2 | 39 | ||||||
| Cognex Corp. |
1,140 | 21,078 | ||||||
See Notes to Financial Statements.
| 18 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| Cummins, Inc. |
1,907 | $ | 118,139 | |||||
| Deere & Co. |
5,010 | 297,895 | ||||||
| Flowserve Corp. |
378 | 41,682 | ||||||
| Graco, Inc.(a) |
999 | 31,968 | ||||||
| IDEX Corp. |
860 | 28,466 | ||||||
| Nordson Corp. |
436 | 29,613 | ||||||
| Rockwell Automation, Inc. |
2,236 | 126,021 | ||||||
| Roper Industries, Inc. |
373 | 21,574 | ||||||
| Total Machinery-Diversified | 736,206 | |||||||
| Media – 1.6% | ||||||||
| Cablevision Systems Corp. Class A |
2,319 | 55,981 | ||||||
| CBS Corp. Class A |
2,267 | 31,602 | ||||||
| CBS Corp. Class B |
3,443 | 47,995 | ||||||
| Comcast Corp. Class A |
18,085 | 340,360 | ||||||
| Comcast Corp. Special Class A |
7,487 | 134,541 | ||||||
| Courier Corp. |
2,127 | 35,117 | ||||||
| FactSet Research Systems, Inc.(a) |
431 | 31,623 | ||||||
| Gannett Co., Inc.(a) |
1,926 | 31,818 | ||||||
| John Wiley & Sons, Inc. Class A |
423 | 18,307 | ||||||
| McGraw-Hill Cos., Inc. (The) |
4,733 | 168,731 | ||||||
| News Corp. Class A |
9,498 | 136,866 | ||||||
| News Corp. Class B(a) |
3,741 | 63,634 | ||||||
| Scripps Networks Interactive, Inc. Class A |
565 | 25,058 | ||||||
| Time Warner, Inc. |
16,834 | 526,399 | ||||||
| Walt Disney Co. (The) |
11,433 | 399,126 | ||||||
| World Wrestling Entertainment, Inc. Class A |
1,933 | 33,441 | ||||||
| Total Media | 2,080,599 | |||||||
| Metal Fabricate/Hardware – 0.1% | ||||||||
| Commercial Metals Co.(a) |
1,961 | 29,533 | ||||||
| Kaydon Corp. |
419 | 15,754 | ||||||
| Timken Co. |
1,238 | 37,152 | ||||||
| Worthington Industries, Inc. |
1,944 | 33,612 | ||||||
| Total Metal Fabricate/Hardware | 116,051 | |||||||
| Mining – 0.6% | ||||||||
| Alcoa, Inc. |
5,248 | 74,732 | ||||||
| AMCOL International Corp. |
498 | 13,546 | ||||||
| Compass Minerals International, Inc. |
385 | 30,889 | ||||||
| Freeport-McMoRan Copper & Gold, Inc. |
1,987 | 165,994 | ||||||
| Kaiser Aluminum Corp.(a) |
427 | 16,469 | ||||||
| Newmont Mining Corp. |
2,280 | 116,120 | ||||||
| Southern Copper Corp. |
10,869 | 344,221 | ||||||
| Vulcan Materials Co. |
1,596 | 75,395 | ||||||
| Total Mining | 837,366 | |||||||
| Miscellaneous Manufacturing – 4.3% | ||||||||
| 3M Co. |
10,097 | 843,806 | ||||||
| Acuity Brands, Inc. |
354 | 14,942 | ||||||
| Aptargroup, Inc. |
548 | 21,564 | ||||||
| Barnes Group, Inc. |
1,233 | 23,982 | ||||||
| Brink’s Co. (The) |
462 | 13,042 | ||||||
| Carlisle Cos., Inc.(a) |
934 | 35,585 | ||||||
| CLARCOR, Inc. |
722 | 24,902 | ||||||
| Crane Co. |
1,062 | 37,701 | ||||||
| Investments | Shares | Value | ||||||
| Danaher Corp. |
375 | $ | 29,966 | |||||
| Donaldson Co., Inc. |
537 | 24,229 | ||||||
| Dover Corp. |
2,843 | 132,910 | ||||||
| Eaton Corp. |
2,849 | 215,869 | ||||||
| General Electric Co. |
156,462 | 2,847,608 | ||||||
| Harsco Corp. |
1,175 | 37,530 | ||||||
| Honeywell International, Inc. |
13,192 | 597,202 | ||||||
| Illinois Tool Works, Inc. |
7,421 | 351,459 | ||||||
| ITT Corp. |
1,764 | 94,568 | ||||||
| Koppers Holdings, Inc. |
439 | 12,433 | ||||||
| Leggett & Platt, Inc.(a) |
4,730 | 102,357 | ||||||
| NL Industries, Inc. |
3,565 | 30,588 | ||||||
| Pall Corp. |
1,059 | 42,879 | ||||||
| Parker Hannifin Corp. |
1,674 | 108,375 | ||||||
| Pentair, Inc. |
1,265 | 45,059 | ||||||
| SPX Corp.(a) |
636 | 42,180 | ||||||
| Textron, Inc. |
997 | 21,166 | ||||||
| Trinity Industries, Inc.(a) |
841 | 16,786 | ||||||
| Total Miscellaneous Manufacturing | 5,768,688 | |||||||
| Office Furnishings – 0.0% | ||||||||
| HNI Corp. |
789 | 21,011 | ||||||
| Knoll, Inc. |
2 | 23 | ||||||
| Total Office Furnishings | 21,034 | |||||||
| Office/Business Equipment – 0.2% | ||||||||
| Pitney Bowes, Inc.(a) |
7,241 | 177,043 | ||||||
| Xerox Corp. |
10,499 | 102,365 | ||||||
| Total Office/Business Equipment | 279,408 | |||||||
| Oil & Gas – 9.0% | ||||||||
| Anadarko Petroleum Corp. |
1,691 | 123,156 | ||||||
| Apache Corp. |
1,152 | 116,928 | ||||||
| Chesapeake Energy Corp. |
4,727 | 111,746 | ||||||
| Chevron Corp. |
40,759 | 3,090,755 | ||||||
| Cimarex Energy Co. |
421 | 24,999 | ||||||
| ConocoPhillips |
33,858 | 1,732,514 | ||||||
| Devon Energy Corp. |
2,495 | 160,753 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
523 | 46,448 | ||||||
| EOG Resources, Inc. |
886 | 82,345 | ||||||
| EQT Corp. |
1,512 | 61,992 | ||||||
| Exxon Mobil Corp. |
67,111 | 4,495,095 | ||||||
| Helmerich & Payne, Inc. |
1 | 38 | ||||||
| Hess Corp. |
1,438 | 89,947 | ||||||
| Holly Corp.(a) |
787 | 21,965 | ||||||
| Marathon Oil Corp. |
12,684 | 401,322 | ||||||
| Murphy Oil Corp. |
2,135 | 119,966 | ||||||
| Noble Energy, Inc. |
977 | 71,321 | ||||||
| Occidental Petroleum Corp. |
7,869 | 665,245 | ||||||
| Patterson-UTI Energy, Inc. |
1,801 | 25,160 | ||||||
| Pioneer Natural Resources Co. |
2 | 113 | ||||||
| Questar Corp. |
1,412 | 60,998 | ||||||
| Range Resources Corp.(a) |
397 | 18,607 | ||||||
| Sunoco, Inc. |
1,803 | 53,567 | ||||||
| Valero Energy Corp. |
12,025 | 236,892 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 19 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| XTO Energy, Inc. |
3,639 | $ | 171,688 | |||||
| Total Oil & Gas | 11,983,560 | |||||||
| Oil & Gas Services – 0.4% | ||||||||
| Baker Hughes, Inc.(a) |
2,519 | 117,990 | ||||||
| BJ Services Co. |
1,636 | 35,011 | ||||||
| Halliburton Co. |
6,618 | 199,400 | ||||||
| National Oilwell Varco, Inc. |
2,395 | 97,189 | ||||||
| RPC, Inc. |
1,410 | 15,693 | ||||||
| Smith International, Inc. |
2,741 | 117,370 | ||||||
| Total Oil & Gas Services | 582,653 | |||||||
| Packaging & Containers – 0.3% | ||||||||
| Ball Corp. |
639 | 34,110 | ||||||
| Bemis Co., Inc. |
1,892 | 54,338 | ||||||
| Greif, Inc. Class A |
3 | 165 | ||||||
| Greif, Inc. Class B |
901 | 46,699 | ||||||
| Packaging Corp. of America(a) |
1,665 | 40,976 | ||||||
| Rock-Tenn Co. Class A |
207 | 9,433 | ||||||
| Sealed Air Corp. |
2,219 | 46,776 | ||||||
| Silgan Holdings, Inc. |
505 | 30,416 | ||||||
| Sonoco Products Co. |
2,244 | 69,093 | ||||||
| Temple-Inland, Inc. |
1,512 | 30,890 | ||||||
| Total Packaging & Containers | 362,896 | |||||||
| Pharmaceuticals – 7.6% | ||||||||
| Abbott Laboratories |
26,554 | 1,398,865 | ||||||
| Allergan, Inc. |
705 | 46,050 | ||||||
| AmerisourceBergen Corp. |
2,258 | 65,301 | ||||||
| Bristol-Myers Squibb Co. |
54,798 | 1,463,107 | ||||||
| Cardinal Health, Inc. |
4,649 | 167,503 | ||||||
| Eli Lilly & Co. |
36,242 | 1,312,685 | ||||||
| McKesson Corp. |
1,237 | 81,296 | ||||||
| Mead Johnson Nutrition Co. |
899 | 46,775 | ||||||
| Merck & Co., Inc. |
71,325 | 2,663,989 | ||||||
| Perrigo Co. |
401 | 23,547 | ||||||
| Pfizer, Inc. |
161,627 | 2,771,903 | ||||||
| Total Pharmaceuticals | 10,041,021 | |||||||
| Pipelines – 0.5% | ||||||||
| El Paso Corp. |
2,181 | 23,642 | ||||||
| Oneok, Inc. |
2,481 | 113,258 | ||||||
| Spectra Energy Corp. |
18,349 | 413,403 | ||||||
| Williams Cos., Inc. (The) |
7,008 | 161,885 | ||||||
| Total Pipelines | 712,188 | |||||||
| REITS – 4.6% | ||||||||
| Acadia Realty Trust |
1,223 | 21,843 | ||||||
| Agree Realty Corp. |
879 | 20,094 | ||||||
| Alexandria Real Estate Equities, Inc. |
577 | 39,005 | ||||||
| AMB Property Corp.(a) |
3,625 | 98,745 | ||||||
| American Campus Communities, Inc. |
1,588 | 43,924 | ||||||
| Apartment Investment & Management Co. Class A |
1,981 | 36,470 | ||||||
| AvalonBay Communities, Inc. |
2,003 | 172,959 | ||||||
| BioMed Realty Trust, Inc. |
1,878 | 31,062 | ||||||
| Boston Properties, Inc. |
2,285 | 172,380 | ||||||
| Investments | Shares | Value | ||||||
| Brandywine Realty Trust |
3,240 | $ | 39,560 | |||||
| BRE Properties, Inc. |
1,232 | 44,044 | ||||||
| Camden Property Trust |
1,581 | 65,817 | ||||||
| CBL & Associates Properties, Inc.(a) |
2,147 | 29,414 | ||||||
| Cogdell Spencer, Inc. |
3,640 | 26,936 | ||||||
| Colonial Properties Trust |
2,739 | 35,278 | ||||||
| Corporate Office Properties Trust SBI MD(a) |
1,410 | 56,583 | ||||||
| Cousins Properties, Inc. |
1,601 | 13,304 | ||||||
| DCT Industrial Trust, Inc. |
7,775 | 40,663 | ||||||
| Digital Realty Trust, Inc.(a) |
1,543 | 83,631 | ||||||
| Douglas Emmett, Inc. |
1,866 | 28,681 | ||||||
| Duke Realty Corp. |
7,421 | 92,020 | ||||||
| EastGroup Properties, Inc.(a) |
989 | 37,325 | ||||||
| Education Realty Trust, Inc. |
3,530 | 20,262 | ||||||
| Entertainment Properties Trust(a) |
1,894 | 77,900 | ||||||
| Equity Lifestyle Properties, Inc. |
446 | 24,031 | ||||||
| Equity One, Inc. |
2,833 | 53,515 | ||||||
| Equity Residential |
6,424 | 251,500 | ||||||
| Essex Property Trust, Inc. |
699 | 62,875 | ||||||
| Extra Space Storage, Inc. |
2,791 | 35,390 | ||||||
| Federal Realty Investment Trust |
1,268 | 92,323 | ||||||
| First Potomac Realty Trust |
1,595 | 23,973 | ||||||
| Franklin Street Properties Corp.(a) |
2,785 | 40,188 | ||||||
| Getty Realty Corp. |
1,171 | 27,401 | ||||||
| Gladstone Commercial Corp. |
1,746 | 25,230 | ||||||
| Glimcher Realty Trust |
7,974 | 40,428 | ||||||
| Government Properties Income Trust |
1,032 | 26,842 | ||||||
| HCP, Inc. |
9,730 | 321,090 | ||||||
| Health Care REIT, Inc. |
3,902 | 176,488 | ||||||
| Healthcare Realty Trust, Inc. |
2,294 | 53,427 | ||||||
| Hersha Hospitality Trust |
5,446 | 28,210 | ||||||
| Highwoods Properties, Inc. |
2,074 | 65,808 | ||||||
| Home Properties, Inc. |
1,165 | 54,522 | ||||||
| HRPT Properties Trust |
9,747 | 75,832 | ||||||
| Inland Real Estate Corp.(a) |
3,825 | 34,999 | ||||||
| Investors Real Estate Trust |
3,253 | 29,342 | ||||||
| Kilroy Realty Corp. |
938 | 28,928 | ||||||
| Kimco Realty Corp. |
11,352 | 177,545 | ||||||
| Kite Realty Group Trust |
2,601 | 12,303 | ||||||
| Lexington Realty Trust(a) |
6,341 | 41,280 | ||||||
| Liberty Property Trust(a) |
3,760 | 127,614 | ||||||
| LTC Properties, Inc. |
810 | 21,919 | ||||||
| Macerich Co. (The) |
4,331 | 165,921 | ||||||
| Mack-Cali Realty Corp. |
2,229 | 78,572 | ||||||
| Medical Properties Trust, Inc.(a) |
4,132 | 43,303 | ||||||
| Mid-America Apartment Communities, Inc.(a) |
786 | 40,707 | ||||||
| Mission West Properties, Inc. |
3,080 | 21,190 | ||||||
| Monmouth Real Estate Investment Corp. Class A |
2,964 | 24,927 | ||||||
| National Health Investors, Inc. |
983 | 38,101 | ||||||
| National Retail Properties, Inc. |
3,045 | 69,517 | ||||||
| Nationwide Health Properties, Inc.(a) |
3,052 | 107,278 | ||||||
| Omega Healthcare Investors, Inc. |
2,951 | 57,515 | ||||||
| Parkway Properties, Inc. |
873 | 16,395 | ||||||
| Pennsylvania Real Estate Investment Trust(a) |
2,709 | 33,781 | ||||||
See Notes to Financial Statements.
| 20 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| Post Properties, Inc. |
1,337 | $ | 29,441 | |||||
| ProLogis(a) |
12,109 | 159,839 | ||||||
| PS Business Parks, Inc. |
587 | 31,346 | ||||||
| Public Storage |
2,544 | 234,023 | ||||||
| Public Storage Class A |
939 | 22,977 | ||||||
| Realty Income Corp.(a) |
3,446 | 105,758 | ||||||
| Regency Centers Corp. |
2,381 | 89,216 | ||||||
| Saul Centers, Inc. |
736 | 30,470 | ||||||
| Senior Housing Properties Trust |
4,899 | 108,513 | ||||||
| Simon Property Group, Inc. |
5,050 | 423,695 | ||||||
| SL Green Realty Corp. |
436 | 24,970 | ||||||
| Sovran Self Storage, Inc. |
1,042 | 36,324 | ||||||
| Sun Communities, Inc. |
1,282 | 32,306 | ||||||
| Tanger Factory Outlet Centers(a) |
848 | 36,600 | ||||||
| Taubman Centers, Inc.(a) |
1,323 | 52,814 | ||||||
| UDR, Inc. |
3,927 | 69,272 | ||||||
| Universal Health Realty Income Trust |
996 | 35,199 | ||||||
| U-Store-It Trust |
1 | 7 | ||||||
| Ventas, Inc. |
4,294 | 203,879 | ||||||
| Vornado Realty Trust |
3,740 | 283,118 | ||||||
| Washington Real Estate Investment Trust(a) |
2,023 | 61,803 | ||||||
| Weingarten Realty Investors(a) |
3,733 | 80,484 | ||||||
| Winthrop Realty Trust |
1,516 | 18,253 | ||||||
| Total REITS | 6,148,417 | |||||||
| Retail – 6.4% | ||||||||
| Abercrombie & Fitch Co. Class A |
1,176 | 53,673 | ||||||
| Advance Auto Parts, Inc.(a) |
375 | 15,720 | ||||||
| American Eagle Outfitters, Inc. |
2,740 | 50,745 | ||||||
| Barnes & Noble, Inc.(a) |
1,635 | 35,349 | ||||||
| Best Buy Co., Inc. |
3,451 | 146,806 | ||||||
| Bob Evans Farms, Inc. |
555 | 17,155 | ||||||
| Brinker International, Inc. |
1,944 | 37,480 | ||||||
| Buckle, Inc. (The)(a) |
908 | 33,378 | ||||||
| Burger King Holdings, Inc. |
1,463 | 31,103 | ||||||
| Cato Corp. (The) Class A |
815 | 17,474 | ||||||
| Costco Wholesale Corp. |
3,023 | 180,503 | ||||||
| Cracker Barrel Old Country Store, Inc. |
515 | 23,886 | ||||||
| CVS Caremark Corp. |
8,163 | 298,439 | ||||||
| Darden Restaurants, Inc. |
2,467 | 109,880 | ||||||
| Family Dollar Stores, Inc. |
1,574 | 57,624 | ||||||
| Foot Locker, Inc. |
5,145 | 77,381 | ||||||
| Gap, Inc. (The) |
6,505 | 150,331 | ||||||
| Guess ?, Inc. |
801 | 37,631 | ||||||
| Home Depot, Inc. |
30,429 | 984,378 | ||||||
| J.C. Penney Co., Inc. |
4,175 | 134,310 | ||||||
| Lowe’s Cos., Inc. |
13,092 | 317,350 | ||||||
| Ltd. Brands, Inc. |
6,089 | 149,911 | ||||||
| Macy’s, Inc. |
3,130 | 68,140 | ||||||
| McDonald’s Corp. |
21,692 | 1,447,290 | ||||||
| MSC Industrial Direct Co. Class A(a) |
572 | 29,012 | ||||||
| Nordstrom, Inc. |
2,387 | 97,509 | ||||||
| Nu Skin Enterprises, Inc. Class A(a) |
921 | 26,801 | ||||||
| PetSmart, Inc. |
1,244 | 39,758 | ||||||
| Investments | Shares | Value | ||||||
| RadioShack Corp. |
1,319 | $ | 29,849 | |||||
| Ross Stores, Inc. |
811 | 43,364 | ||||||
| Staples, Inc. |
5,756 | 134,633 | ||||||
| Target Corp. |
6,204 | 326,330 | ||||||
| Tiffany & Co.(a) |
1,129 | 53,616 | ||||||
| TJX Cos., Inc. |
3,269 | 138,998 | ||||||
| Walgreen Co. |
8,236 | 305,473 | ||||||
| Wal-Mart Stores, Inc. |
45,699 | 2,540,864 | ||||||
| Wendy’s/Arby’s Group, Inc. Class A |
5,823 | 29,115 | ||||||
| Williams-Sonoma, Inc.(a) |
1,661 | 43,668 | ||||||
| Yum! Brands, Inc. |
6,353 | 243,511 | ||||||
| Total Retail | 8,558,438 | |||||||
| Savings & Loans – 0.8% | ||||||||
| Astoria Financial Corp. |
2,790 | 40,455 | ||||||
| Brookline Bancorp, Inc. |
2,465 | 26,228 | ||||||
| Capitol Federal Financial |
2,573 | 96,385 | ||||||
| Dime Community Bancshares |
2,022 | 25,538 | ||||||
| First Niagara Financial Group, Inc. |
4,771 | 67,844 | ||||||
| Hudson City Bancorp, Inc. |
13,759 | 194,827 | ||||||
| New York Community Bancorp, Inc.(a) |
14,004 | 231,626 | ||||||
| NewAlliance Bancshares, Inc. |
1,317 | 16,621 | ||||||
| Northwest Bancshares, Inc. |
2,399 | 28,164 | ||||||
| OceanFirst Financial Corp. |
2,112 | 23,992 | ||||||
| Oritani Financial Corp. |
1,580 | 25,391 | ||||||
| People’s United Financial, Inc. |
6,914 | 108,135 | ||||||
| Provident Financial Services, Inc. |
2,276 | 27,084 | ||||||
| Roma Financial Corp. |
2,000 | 25,080 | ||||||
| TFS Financial Corp. |
4,101 | 54,748 | ||||||
| Washington Federal, Inc. |
1,091 | 22,169 | ||||||
| Total Savings & Loans | 1,014,287 | |||||||
| Semiconductors – 2.7% | ||||||||
| Altera Corp. |
1,401 | 34,058 | ||||||
| Analog Devices, Inc. |
4,501 | 129,719 | ||||||
| Applied Materials, Inc. |
13,952 | 188,073 | ||||||
| Intel Corp. |
103,204 | 2,297,321 | ||||||
| Intersil Corp. Class A |
2,764 | 40,797 | ||||||
| KLA-Tencor Corp. |
1,599 | 49,441 | ||||||
| Linear Technology Corp. |
3,702 | 104,693 | ||||||
| Maxim Integrated Products, Inc. |
7,087 | 137,417 | ||||||
| Microchip Technology, Inc.(a) |
5,053 | 142,292 | ||||||
| National Semiconductor Corp. |
3,177 | 45,908 | ||||||
| Texas Instruments, Inc. |
13,743 | 336,291 | ||||||
| Xilinx, Inc. |
3,887 | 99,118 | ||||||
| Total Semiconductors | 3,605,128 | |||||||
| Software – 2.6% | ||||||||
| American Software, Inc. Class A |
4,647 | 26,999 | ||||||
| Broadridge Financial Solutions, Inc. |
2,305 | 49,281 | ||||||
| CA, Inc. |
2,551 | 59,872 | ||||||
| Dun & Bradstreet Corp. |
418 | 31,108 | ||||||
| Fidelity National Information Services, Inc. |
2,095 | 49,107 | ||||||
| Microsoft Corp. |
88,650 | 2,594,786 | ||||||
| Oracle Corp. |
25,425 | 653,168 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 21 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Total Dividend Fund (DTD)
March 31, 2010
| Investments | Shares | Value | ||||||
| Quality Systems, Inc. |
1 | $ | 61 | |||||
| Total Software | 3,464,382 | |||||||
| Telecommunications – 8.0% | ||||||||
| Adtran, Inc.(a) |
1,058 | 27,878 | ||||||
| Alaska Communications Systems Group, Inc.(a) |
3,696 | 30,011 | ||||||
| AT&T, Inc. |
202,801 | 5,240,378 | ||||||
| CenturyTel, Inc. |
13,593 | 482,008 | ||||||
| Consolidated Communications Holdings, Inc.(a) |
2,531 | 47,988 | ||||||
| Corning, Inc. |
9,904 | 200,160 | ||||||
| Frontier Communications Corp.(a) |
23,134 | 172,117 | ||||||
| Harris Corp. |
1,594 | 75,699 | ||||||
| Iowa Telecommunications Services, Inc. |
1,771 | 29,576 | ||||||
| NTELOS Holdings Corp. |
1,962 | 34,904 | ||||||
| QUALCOMM, Inc. |
14,650 | 615,153 | ||||||
| Qwest Communications International, Inc. |
75,698 | 395,144 | ||||||
| Telephone & Data Systems, Inc. Special Shares |
853 | 25,453 | ||||||
| Verizon Communications, Inc. |
94,740 | 2,938,835 | ||||||
| Virgin Media, Inc.(a) |
2,031 | 35,055 | ||||||
| Windstream Corp. |
22,286 | 242,695 | ||||||
| Total Telecommunications | 10,593,054 | |||||||
| Textiles – 0.0% | ||||||||
| Cintas Corp.(a) |
1,331 | 37,388 | ||||||
| Toys/Games/Hobbies – 0.2% | ||||||||
| Hasbro, Inc. |
2,083 | 79,737 | ||||||
| Mattel, Inc. |
8,075 | 183,626 | ||||||
| Total Toys/Games/Hobbies | 263,363 | |||||||
| Transportation – 1.6% | ||||||||
| Alexander & Baldwin, Inc.(a) |
967 | 31,959 | ||||||
| C.H. Robinson Worldwide, Inc.(a) |
1,677 | 93,660 | ||||||
| Con-way, Inc. |
456 | 16,015 | ||||||
| CSX Corp. |
4,033 | 205,280 | ||||||
| Expeditors International Washington, Inc. |
1,461 | 53,940 | ||||||
| FedEx Corp. |
910 | 84,994 | ||||||
| Horizon Lines, Inc. Class A |
3,254 | 17,702 | ||||||
| International Shipholding Corp. |
702 | 20,632 | ||||||
| JB Hunt Transport Services, Inc. |
1,004 | 36,023 | ||||||
| Norfolk Southern Corp. |
5,397 | 301,638 | ||||||
| Overseas Shipholding Group, Inc.(a) |
733 | 28,756 | ||||||
| Ryder System, Inc. |
981 | 38,023 | ||||||
| Tidewater, Inc. |
643 | 30,395 | ||||||
| Union Pacific Corp. |
4,896 | 358,877 | ||||||
| United Parcel Service, Inc. Class B |
12,346 | 795,206 | ||||||
| Total Transportation | 2,113,100 | |||||||
| Trucking & Leasing – 0.0% | ||||||||
| GATX Corp. |
878 | 25,155 | ||||||
| Water – 0.2% | ||||||||
| American States Water Co. |
661 | 22,937 | ||||||
| American Water Works Co., Inc. |
3,544 | 77,117 | ||||||
| Aqua America, Inc. |
2,051 | 36,036 | ||||||
| California Water Service Group |
709 | 26,665 | ||||||
| Connecticut Water Service, Inc. |
1,319 | 30,693 | ||||||
| Investments | Shares | Value | ||||||
| Middlesex Water Co. |
1,756 | $ | 29,940 | |||||
| SJW Corp.(a) |
1,242 | 31,572 | ||||||
| Total Water | 254,960 | |||||||
| TOTAL COMMON STOCKS (Cost: $124,791,784) |
132,316,398 | |||||||
| SHORT-TERM INVESTMENT – 1.0% | ||||||||
| MONEY MARKET FUND – 1.0% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $1,291,883) | 1,291,883 | 1,291,883 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5% | ||||||||
| MONEY MARKET FUND – 4.5% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $6,000,048)(d) | 6,000,048 | 6,000,048 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 105.0% (Cost: $132,083,715) |
139,608,329 | |||||||
| Liabilities in Excess of Other Assets – (5.0)% |
(6,637,813 | ) | ||||||
| NET ASSETS – 100.0% | $ | 132,970,516 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $5,789,579 and the total market value of the collateral held by the Fund was $6,000,048. |
See Notes to Financial Statements.
| 22 | WisdomTree Domestic Dividend Funds |
Table of Contents
WisdomTree Equity Income Fund (DHS)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% | ||||||||
| Agriculture – 9.6% | ||||||||
| Altria Group, Inc. |
177,608 | $ | 3,644,516 | |||||
| Lorillard, Inc. |
10,358 | 779,336 | ||||||
| Philip Morris International, Inc. |
112,445 | 5,865,131 | ||||||
| Reynolds American, Inc. |
24,417 | 1,318,030 | ||||||
| Universal Corp.(a) |
1,156 | 60,910 | ||||||
| Vector Group Ltd.(a) |
9,489 | 146,415 | ||||||
| Total Agriculture | 11,814,338 | |||||||
| Apparel – 0.3% | ||||||||
| VF Corp. |
4,487 | 359,633 | ||||||
| Auto Parts & Equipment – 0.0% | ||||||||
| Superior Industries International, Inc.(a) |
1,277 | 20,534 | ||||||
| Banks – 1.5% | ||||||||
| 1st Source Corp. |
1,248 | 21,902 | ||||||
| Arrow Financial Corp. |
523 | 14,063 | ||||||
| BancorpSouth, Inc. |
3,785 | 79,334 | ||||||
| Bank Mutual Corp. |
2,213 | 14,384 | ||||||
| Bank of Hawaii Corp.(a) |
2,263 | 101,722 | ||||||
| Capital City Bank Group, Inc.(a) |
1,195 | 17,029 | ||||||
| Chemical Financial Corp.(a) |
1,489 | 35,170 | ||||||
| City Holding Co.(a) |
781 | 26,780 | ||||||
| Community Bank System, Inc.(a) |
1,859 | 42,348 | ||||||
| Community Trust Bancorp, Inc. |
947 | 25,654 | ||||||
| Cullen/Frost Bankers, Inc. |
2,532 | 141,286 | ||||||
| CVB Financial Corp.(a) |
5,364 | 53,264 | ||||||
| FNB Corp. |
9,901 | 80,297 | ||||||
| Glacier Bancorp, Inc. |
3,185 | 48,508 | ||||||
| Hudson Valley Holding Corp. |
628 | 15,198 | ||||||
| Independent Bank Corp.(a) |
886 | 21,849 | ||||||
| Lakeland Financial Corp. |
681 | 12,973 | ||||||
| M&T Bank Corp.(a) |
6,296 | 499,776 | ||||||
| NBT Bancorp, Inc. |
1,655 | 37,817 | ||||||
| Park National Corp.(a) |
1,155 | 71,968 | ||||||
| Renasant Corp. |
1,270 | 20,549 | ||||||
| S&T Bancorp, Inc. |
1,213 | 25,352 | ||||||
| Sterling Bancshares, Inc.(a) |
4,325 | 24,133 | ||||||
| Tompkins Financial Corp.(a) |
433 | 15,796 | ||||||
| TrustCo Bank Corp.(a) |
3,639 | 22,453 | ||||||
| Trustmark Corp. |
3,057 | 74,682 | ||||||
| United Bankshares, Inc.(a) |
3,203 | 83,983 | ||||||
| Univest Corp. of Pennsylvania |
940 | 17,569 | ||||||
| Valley National Bancorp(a) |
9,932 | 152,655 | ||||||
| Washington Trust Bancorp, Inc. |
1,134 | 21,138 | ||||||
| WesBanco, Inc. |
1,447 | 23,528 | ||||||
| Total Banks | 1,843,160 | |||||||
| Chemicals – 2.6% | ||||||||
| E.I. Du Pont de Nemours & Co. |
57,573 | 2,144,019 | ||||||
| Huntsman Corp. |
10,760 | 129,658 | ||||||
| Olin Corp. |
4,322 | 84,798 | ||||||
| PPG Industries, Inc. |
7,613 | 497,890 | ||||||
| Quaker Chemical Corp. |
582 | 15,778 | ||||||
| Investments | Shares | Value | ||||||
| RPM International, Inc. |
6,669 | $ | 142,316 | |||||
| Schulman A., Inc. |
923 | 22,586 | ||||||
| Valhi, Inc.(a) |
4,983 | 98,065 | ||||||
| Total Chemicals | 3,135,110 | |||||||
| Commercial Services – 0.9% | ||||||||
| Advance America, Cash Advance Centers, Inc. |
3,088 | 17,972 | ||||||
| CDI Corp. |
885 | 12,974 | ||||||
| Deluxe Corp. |
4,335 | 84,186 | ||||||
| Electro Rent Corp. |
1,203 | 15,796 | ||||||
| Healthcare Services Group, Inc. |
1,983 | 44,399 | ||||||
| Hillenbrand, Inc. |
2,989 | 65,728 | ||||||
| Landauer, Inc.(a) |
389 | 25,371 | ||||||
| McGrath Rentcorp |
1,109 | 26,871 | ||||||
| Paychex, Inc.(a) |
17,716 | 543,881 | ||||||
| R.R. Donnelley & Sons Co. |
12,720 | 271,572 | ||||||
| Total Commercial Services | 1,108,750 | |||||||
| Computers – 0.1% | ||||||||
| Diebold, Inc.(a) |
3,024 | 96,042 | ||||||
| Distribution/Wholesale – 0.3% | ||||||||
| Genuine Parts Co. |
8,148 | 344,171 | ||||||
| Watsco, Inc. |
1,319 | 75,025 | ||||||
| Total Distribution/Wholesale | 419,196 | |||||||
| Diversified Financial Services – 0.5% | ||||||||
| BGC Partners, Inc. Class A |
5,144 | 31,430 | ||||||
| Federated Investors, Inc. Class B(a) |
4,817 | 127,072 | ||||||
| GFI Group, Inc.(a) |
6,057 | 35,009 | ||||||
| NYSE Euronext |
14,850 | 439,709 | ||||||
| Westwood Holdings Group, Inc. |
306 | 11,261 | ||||||
| Total Diversified Financial Services | 644,481 | |||||||
| Electric – 15.2% | ||||||||
| ALLETE, Inc. |
2,250 | 75,330 | ||||||
| Alliant Energy Corp. |
6,633 | 220,614 | ||||||
| Ameren Corp. |
16,211 | 422,783 | ||||||
| American Electric Power Co., Inc. |
27,934 | 954,784 | ||||||
| Avista Corp. |
2,532 | 52,438 | ||||||
| Black Hills Corp. |
2,558 | 77,635 | ||||||
| Central Vermont Public Service Corp. |
419 | 8,451 | ||||||
| CH Energy Group, Inc.(a) |
1,006 | 41,085 | ||||||
| Cleco Corp. |
2,425 | 64,384 | ||||||
| CMS Energy Corp.(a) |
9,013 | 139,341 | ||||||
| Consolidated Edison, Inc. |
17,794 | 792,545 | ||||||
| Dominion Resources, Inc. |
33,046 | 1,358,521 | ||||||
| DPL, Inc. |
5,920 | 160,965 | ||||||
| DTE Energy Co. |
9,983 | 445,242 | ||||||
| Duke Energy Corp. |
89,108 | 1,454,243 | ||||||
| Edison International |
14,031 | 479,439 | ||||||
| Empire District Electric Co. (The) |
2,989 | 53,862 | ||||||
| Entergy Corp. |
8,404 | 683,665 | ||||||
| Exelon Corp. |
34,682 | 1,519,418 | ||||||
| FirstEnergy Corp. |
17,917 | 700,376 | ||||||
| FPL Group, Inc. |
17,900 | 865,107 | ||||||
| Great Plains Energy, Inc.(a) |
7,506 | 139,386 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 23 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Hawaiian Electric Industries, Inc.(a) |
6,625 | $ | 148,731 | |||||
| IDACORP, Inc. |
2,189 | 75,783 | ||||||
| Integrys Energy Group, Inc.(a) |
6,011 | 284,801 | ||||||
| MGE Energy, Inc.(a) |
1,153 | 40,770 | ||||||
| Northeast Utilities |
7,751 | 214,238 | ||||||
| NorthWestern Corp.(a) |
2,227 | 59,706 | ||||||
| NSTAR |
5,879 | 208,234 | ||||||
| NV Energy, Inc. |
10,059 | 124,027 | ||||||
| OGE Energy Corp.(a) |
4,666 | 181,694 | ||||||
| Otter Tail Corp.(a) |
2,212 | 48,576 | ||||||
| Pepco Holdings, Inc. |
18,045 | 309,472 | ||||||
| PG&E Corp. |
17,306 | 734,121 | ||||||
| Pinnacle West Capital Corp. |
6,982 | 263,431 | ||||||
| PNM Resources, Inc. |
4,317 | 54,092 | ||||||
| Portland General Electric Co. |
4,484 | 86,586 | ||||||
| PPL Corp. |
19,602 | 543,171 | ||||||
| Progress Energy, Inc. |
21,073 | 829,433 | ||||||
| Public Service Enterprise Group, Inc. |
25,222 | 744,553 | ||||||
| SCANA Corp. |
7,546 | 283,654 | ||||||
| Southern Co. |
51,625 | 1,711,885 | ||||||
| TECO Energy, Inc. |
13,046 | 207,301 | ||||||
| UIL Holdings Corp. |
2,283 | 62,782 | ||||||
| Unisource Energy Corp. |
1,570 | 49,361 | ||||||
| Unitil Corp. |
801 | 18,623 | ||||||
| Westar Energy, Inc. |
7,369 | 164,329 | ||||||
| Xcel Energy, Inc. |
25,618 | 543,102 | ||||||
| Total Electric | 18,702,070 | |||||||
| Electrical Components & Equipment – 0.0% | ||||||||
| Molex, Inc. Class A |
3,266 | 57,645 | ||||||
| Electronics – 0.0% | ||||||||
| Methode Electronics, Inc. |
1,466 | 14,513 | ||||||
| Entertainment – 0.3% | ||||||||
| Cinemark Holdings, Inc. |
7,235 | 132,690 | ||||||
| National CineMedia, Inc. |
2,589 | 44,686 | ||||||
| Regal Entertainment Group Class A |
8,520 | 149,696 | ||||||
| Total Entertainment | 327,072 | |||||||
| Environmental Control – 0.7% | ||||||||
| Mine Safety Appliances Co. |
1,565 | 43,757 | ||||||
| U.S. Ecology, Inc. |
966 | 15,553 | ||||||
| Waste Management, Inc. |
21,504 | 740,383 | ||||||
| Total Environmental Control | 799,693 | |||||||
| Food – 4.2% | ||||||||
| B&G Foods, Inc. Class A |
4,115 | 43,125 | ||||||
| ConAgra Foods, Inc. |
19,484 | 488,464 | ||||||
| H.J. Heinz Co. |
15,764 | 718,996 | ||||||
| Hershey Co. (The) |
6,789 | 290,637 | ||||||
| Ingles Markets, Inc. Class A |
664 | 9,980 | ||||||
| Kraft Foods, Inc. Class A |
78,908 | 2,386,178 | ||||||
| Sara Lee Corp. |
31,260 | 435,452 | ||||||
| Sysco Corp. |
26,981 | 795,939 | ||||||
| Weis Markets, Inc.(a) |
1,036 | 37,669 | ||||||
| Total Food | 5,206,440 | |||||||
| Investments | Shares | Value | ||||||
| Forest Products & Paper – 0.7% | ||||||||
| MeadWestvaco Corp. |
7,524 | $ | 192,238 | |||||
| Plum Creek Timber Co., Inc.(a) |
9,045 | 351,941 | ||||||
| Potlatch Corp. |
3,161 | 110,762 | ||||||
| Rayonier, Inc. |
4,673 | 212,294 | ||||||
| Total Forest Products & Paper | 867,235 | |||||||
| Gas – 1.5% | ||||||||
| AGL Resources, Inc. |
4,460 | 172,379 | ||||||
| Atmos Energy Corp. |
5,203 | 148,650 | ||||||
| Centerpoint Energy, Inc. |
24,925 | 357,923 | ||||||
| Chesapeake Utilities Corp. |
327 | 9,745 | ||||||
| Laclede Group, Inc. (The) |
1,234 | 41,611 | ||||||
| New Jersey Resources Corp. |
1,654 | 62,124 | ||||||
| Nicor, Inc.(a) |
2,426 | 101,698 | ||||||
| NiSource, Inc. |
20,206 | 319,255 | ||||||
| Northwest Natural Gas Co.(a) |
1,172 | 54,615 | ||||||
| Piedmont Natural Gas Co., Inc.(a) |
3,633 | 100,198 | ||||||
| South Jersey Industries, Inc. |
1,258 | 52,823 | ||||||
| Southwest Gas Corp.(a) |
1,776 | 53,138 | ||||||
| UGI Corp. |
4,837 | 128,374 | ||||||
| Vectren Corp. |
5,477 | 135,391 | ||||||
| WGL Holdings, Inc. |
2,637 | 91,372 | ||||||
| Total Gas | 1,829,296 | |||||||
| Hand/Machine Tools – 0.1% | ||||||||
| Snap-On, Inc. |
2,074 | 89,887 | ||||||
| Holding Companies-Diversified – 0.1% | ||||||||
| Compass Diversified Holdings |
5,128 | 78,253 | ||||||
| Home Builders - 0.1% | ||||||||
| MDC Holdings, Inc.(a) |
1,878 | 64,998 | ||||||
| Household Products/Wares - 1.3% | ||||||||
| Clorox Co. |
5,526 | 354,438 | ||||||
| Ennis, Inc. |
1,228 | 19,979 | ||||||
| Kimberly-Clark Corp. |
19,633 | 1,234,523 | ||||||
| Total Household Products/Wares | 1,608,940 | |||||||
| Insurance - 1.8% | ||||||||
| Arthur J. Gallagher & Co. |
7,116 | 174,698 | ||||||
| Baldwin & Lyons, Inc. Class B |
567 | 13,659 | ||||||
| Cincinnati Financial Corp.(a) |
12,063 | 348,621 | ||||||
| EMC Insurance Group, Inc. |
538 | 12,116 | ||||||
| Erie Indemnity Co. Class A |
2,903 | 125,206 | ||||||
| Fidelity National Financial, Inc. Class A |
12,257 | 181,649 | ||||||
| Harleysville Group, Inc.(a) |
1,353 | 45,677 | ||||||
| Life Partners Holdings, Inc. |
884 | 19,598 | ||||||
| Marsh & McLennan Cos., Inc. |
23,770 | 580,463 | ||||||
| Mercury General Corp. |
4,074 | 178,115 | ||||||
| Old Republic International Corp. |
19,343 | 245,269 | ||||||
| Safety Insurance Group, Inc. |
802 | 30,211 | ||||||
| Selective Insurance Group |
2,013 | 33,416 | ||||||
| State Auto Financial Corp. |
1,618 | 29,043 | ||||||
| United Fire & Casualty Co. |
1,090 | 19,609 | ||||||
| Unitrin, Inc. |
3,191 | 89,508 | ||||||
See Notes to Financial Statements.
| 24 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Universal Insurance Holdings, Inc. |
4,860 | $ | 24,592 | |||||
| Zenith National Insurance Corp. |
3,012 | 115,420 | ||||||
| Total Insurance | 2,266,870 | |||||||
| Internet – 0.1% | ||||||||
| Earthlink, Inc. |
8,775 | 74,938 | ||||||
| United Online, Inc. |
5,729 | 42,853 | ||||||
| Total Internet | 117,791 | |||||||
| Investment Companies – 0.8% | ||||||||
| Apollo Investment Corp. |
24,223 | 308,359 | ||||||
| Ares Capital Corp.(a) |
15,975 | 237,069 | ||||||
| BlackRock Kelso Capital Corp. |
11,592 | 115,456 | ||||||
| Fifth Street Finance Corp. |
4,703 | 54,602 | ||||||
| Hercules Technology Growth Capital, Inc.(a) |
5,178 | 54,835 | ||||||
| MVC Capital, Inc. |
1,231 | 16,704 | ||||||
| PennantPark Investment Corp. |
3,663 | 37,949 | ||||||
| Prospect Capital Corp.(a) |
9,399 | 114,198 | ||||||
| Total Investment Companies | 939,172 | |||||||
| Iron/Steel – 0.5% | ||||||||
| Nucor Corp.(a) |
12,602 | 571,879 | ||||||
| Leisure Time – 0.1% | ||||||||
| Polaris Industries, Inc.(a) |
1,490 | 76,228 | ||||||
| Machinery-Diversified – 0.0% | ||||||||
| NACCO Industries, Inc. Class A |
300 | 22,245 | ||||||
| Media – 0.1% | ||||||||
| Meredith Corp. |
1,512 | 52,028 | ||||||
| World Wrestling Entertainment, Inc. Class A(a) |
2,989 | 51,710 | ||||||
| Total Media | 103,738 | |||||||
| Metal Fabricate/Hardware – 0.1% | ||||||||
| Worthington Industries, Inc. |
3,726 | 64,423 | ||||||
| Miscellaneous Manufacturing – 0.2% | ||||||||
| Federal Signal Corp.(a) |
2,353 | 21,201 | ||||||
| Leggett & Platt, Inc.(a) |
9,689 | 209,670 | ||||||
| NL Industries, Inc. |
4,293 | 36,834 | ||||||
| Sturm Ruger & Co., Inc.(a) |
875 | 10,491 | ||||||
| Total Miscellaneous Manufacturing | 278,196 | |||||||
| Office Furnishings – 0.0% | ||||||||
| HNI Corp. |
2,021 | 53,819 | ||||||
| Office/Business Equipment – 0.3% | ||||||||
| Pitney Bowes, Inc.(a) |
15,897 | 388,682 | ||||||
| Oil & Gas – 8.9% | ||||||||
| Chevron Corp. |
87,852 | 6,661,817 | ||||||
| ConocoPhillips |
73,768 | 3,774,709 | ||||||
| Valero Energy Corp. |
24,719 | 486,964 | ||||||
| Whiting USA Trust I |
2,493 | 47,043 | ||||||
| Total Oil & Gas | 10,970,533 | |||||||
| Packaging & Containers – 0.2% | ||||||||
| Greif, Inc. Class B(a) |
1,276 | 66,135 | ||||||
| Sonoco Products Co. |
4,429 | 136,369 | ||||||
| Total Packaging & Containers | 202,504 | |||||||
| Investments | Shares | Value | ||||||
| Pharmaceuticals – 14.4% | ||||||||
| Bristol-Myers Squibb Co. |
117,961 | $ | 3,149,559 | |||||
| Eli Lilly & Co. |
78,054 | 2,827,116 | ||||||
| Merck & Co., Inc. |
153,684 | 5,740,097 | ||||||
| Pfizer, Inc. |
349,380 | 5,991,867 | ||||||
| Total Pharmaceuticals | 17,708,639 | |||||||
| Pipelines – 0.9% | ||||||||
| Oneok, Inc. |
5,098 | 232,723 | ||||||
| Spectra Energy Corp. |
39,909 | 899,150 | ||||||
| Total Pipelines | 1,131,873 | |||||||
| REITS – 8.7% | ||||||||
| Acadia Realty Trust |
2,122 | 37,899 | ||||||
| Agree Realty Corp. |
805 | 18,402 | ||||||
| AMB Property Corp.(a) |
8,253 | 224,812 | ||||||
| American Campus Communities, Inc. |
3,090 | 85,469 | ||||||
| AvalonBay Communities, Inc. |
4,509 | 389,352 | ||||||
| Brandywine Realty Trust |
5,859 | 71,538 | ||||||
| BRE Properties, Inc. |
3,265 | 116,724 | ||||||
| Camden Property Trust |
3,575 | 148,827 | ||||||
| CapLease, Inc. |
2,701 | 14,991 | ||||||
| Cogdell Spencer, Inc. |
3,558 | 26,329 | ||||||
| Colonial Properties Trust |
5,127 | 66,036 | ||||||
| Corporate Office Properties Trust SBI MD(a) |
3,085 | 123,801 | ||||||
| DCT Industrial Trust, Inc. |
15,001 | 78,455 | ||||||
| Digital Realty Trust, Inc.(a) |
3,444 | 186,665 | ||||||
| Duke Realty Corp. |
15,878 | 196,887 | ||||||
| EastGroup Properties, Inc.(a) |
1,733 | 65,403 | ||||||
| Education Realty Trust, Inc. |
2,787 | 15,997 | ||||||
| Entertainment Properties Trust(a) |
3,944 | 162,217 | ||||||
| Equity One, Inc. |
5,698 | 107,635 | ||||||
| Equity Residential |
14,137 | 553,464 | ||||||
| Essex Property Trust, Inc. |
1,731 | 155,703 | ||||||
| Extra Space Storage, Inc. |
4,677 | 59,304 | ||||||
| Federal Realty Investment Trust |
3,053 | 222,289 | ||||||
| First Potomac Realty Trust |
3,456 | 51,944 | ||||||
| Franklin Street Properties Corp.(a) |
5,510 | 79,509 | ||||||
| Getty Realty Corp.(a) |
2,505 | 58,617 | ||||||
| Glimcher Realty Trust(a) |
11,785 | 59,750 | ||||||
| Government Properties Income Trust |
1,769 | 46,012 | ||||||
| HCP, Inc. |
21,979 | 725,307 | ||||||
| Health Care REIT, Inc. |
9,037 | 408,744 | ||||||
| Healthcare Realty Trust, Inc. |
5,158 | 120,130 | ||||||
| Highwoods Properties, Inc. |
4,519 | 143,388 | ||||||
| Home Properties, Inc.(a) |
2,495 | 116,766 | ||||||
| HRPT Properties Trust |
21,174 | 164,734 | ||||||
| Inland Real Estate Corp.(a) |
7,489 | 68,524 | ||||||
| Investors Real Estate Trust |
6,623 | 59,739 | ||||||
| Kilroy Realty Corp. |
2,385 | 73,553 | ||||||
| Kimco Realty Corp. |
23,797 | 372,185 | ||||||
| Kite Realty Group Trust |
4,527 | 21,413 | ||||||
| Lexington Realty Trust(a) |
10,670 | 69,462 | ||||||
| Liberty Property Trust(a) |
8,107 | 275,152 | ||||||
| LTC Properties, Inc. |
1,486 | 40,211 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Macerich Co. (The) |
9,058 | $ | 347,012 | |||||
| Mack-Cali Realty Corp. |
5,104 | 179,916 | ||||||
| Medical Properties Trust, Inc.(a) |
9,148 | 95,871 | ||||||
| Mid-America Apartment Communities, Inc.(a) |
1,850 | 95,812 | ||||||
| National Health Investors, Inc. |
2,071 | 80,272 | ||||||
| National Retail Properties, Inc. |
7,257 | 165,677 | ||||||
| Nationwide Health Properties, Inc.(a) |
6,995 | 245,874 | ||||||
| Omega Healthcare Investors, Inc. |
6,808 | 132,688 | ||||||
| Parkway Properties, Inc. |
1,820 | 34,180 | ||||||
| Pennsylvania Real Estate Investment Trust(a) |
3,990 | 49,755 | ||||||
| Post Properties, Inc. |
3,104 | 68,350 | ||||||
| ProLogis(a) |
26,080 | 344,256 | ||||||
| PS Business Parks, Inc. |
1,038 | 55,429 | ||||||
| Ramco-Gershenson Properties Trust |
2,476 | 27,880 | ||||||
| Realty Income Corp.(a) |
8,285 | 254,267 | ||||||
| Regency Centers Corp. |
5,380 | 201,589 | ||||||
| Saul Centers, Inc. |
1,019 | 42,187 | ||||||
| Senior Housing Properties Trust |
10,528 | 233,195 | ||||||
| Sovran Self Storage, Inc. |
1,729 | 60,273 | ||||||
| Sun Communities, Inc. |
3,059 | 77,087 | ||||||
| Tanger Factory Outlet Centers(a) |
1,859 | 80,234 | ||||||
| Taubman Centers, Inc.(a) |
3,095 | 123,552 | ||||||
| UDR, Inc. |
8,609 | 151,863 | ||||||
| Universal Health Realty Income Trust |
1,129 | 39,899 | ||||||
| Urstadt Biddle Properties, Inc. Class A |
1,437 | 22,719 | ||||||
| Ventas, Inc. |
9,130 | 433,492 | ||||||
| Vornado Realty Trust |
8,394 | 635,426 | ||||||
| Washington Real Estate Investment Trust |
4,665 | 142,516 | ||||||
| Weingarten Realty Investors(a) |
7,632 | 164,546 | ||||||
| Total REITS | 10,669,156 | |||||||
| Retail – 3.1% | ||||||||
| Barnes & Noble, Inc.(a) |
3,685 | 79,670 | ||||||
| Cato Corp. (The) Class A |
1,086 | 23,284 | ||||||
| Christopher & Banks Corp. |
1,352 | 10,816 | ||||||
| Foot Locker, Inc. |
11,426 | 171,847 | ||||||
| Ltd. Brands, Inc. |
12,700 | 312,674 | ||||||
| McDonald’s Corp. |
47,278 | 3,154,388 | ||||||
| Total Retail | 3,752,679 | |||||||
| Savings & Loans – 1.4% | ||||||||
| Astoria Financial Corp.(a) |
5,160 | 74,820 | ||||||
| Berkshire Hills Bancorp, Inc. |
553 | 10,137 | ||||||
| Brookline Bancorp, Inc. |
2,700 | 28,728 | ||||||
| Capitol Federal Financial |
5,988 | 224,311 | ||||||
| Dime Community Bancshares |
2,040 | 25,765 | ||||||
| First Niagara Financial Group, Inc.(a) |
9,584 | 136,284 | ||||||
| Flushing Financial Corp. |
1,779 | 22,522 | ||||||
| Hudson City Bancorp, Inc. |
29,077 | 411,730 | ||||||
| New York Community Bancorp, Inc.(a) |
31,429 | 519,836 | ||||||
| Northwest Bancshares, Inc. |
4,127 | 48,451 | ||||||
| People’s United Financial, Inc. |
15,592 | 243,859 | ||||||
| Provident Financial Services, Inc. |
2,981 | 35,474 | ||||||
| Total Savings & Loans | 1,781,917 | |||||||
| Investments | Shares | Value | ||||||
| Semiconductors - 0.6% | ||||||||
| Intersil Corp. Class A |
5,502 | $ | 81,209 | |||||
| Maxim Integrated Products, Inc. |
15,558 | 301,670 | ||||||
| Microchip Technology, Inc.(a) |
10,649 | 299,876 | ||||||
| Total Semiconductors | 682,755 | |||||||
| Software – 0.0% | ||||||||
| Bowne & Co., Inc. |
1,538 | 17,164 | ||||||
| Opnet Technologies, Inc. |
740 | 11,929 | ||||||
| Total Software | 29,093 | |||||||
| Telecommunications – 16.8% | ||||||||
| Alaska Communications Systems Group, Inc.(a) |
5,827 | 47,315 | ||||||
| AT&T, Inc. |
438,540 | 11,331,874 | ||||||
| CenturyTel, Inc. |
29,638 | 1,050,963 | ||||||
| Consolidated Communications Holdings, Inc.(a) |
3,480 | 65,981 | ||||||
| Frontier Communications Corp.(a) |
50,802 | 377,967 | ||||||
| Iowa Telecommunications Services, Inc. |
3,889 | 64,946 | ||||||
| NTELOS Holdings Corp. |
3,251 | 57,835 | ||||||
| Qwest Communications International, Inc. |
162,768 | 849,649 | ||||||
| Verizon Communications, Inc. |
203,712 | 6,319,146 | ||||||
| Windstream Corp. |
48,576 | 528,993 | ||||||
| Total Telecommunications | 20,694,669 | |||||||
| Toys/Games/Hobbies – 0.3% | ||||||||
| Mattel, Inc. |
16,700 | 379,758 | ||||||
| Transportation – 0.1% | ||||||||
| Alexander & Baldwin, Inc.(a) |
1,807 | 59,721 | ||||||
| International Shipholding Corp. |
596 | 17,516 | ||||||
| Overseas Shipholding Group, Inc. |
1,333 | 52,294 | ||||||
| Total Transportation | 129,531 | |||||||
| Trucking & Leasing – 0.0% | ||||||||
| GATX Corp. |
2,030 | 58,160 | ||||||
| Water – 0.2% | ||||||||
| American Water Works Co., Inc. |
7,894 | 171,773 | ||||||
| Aqua America, Inc. |
5,447 | 95,704 | ||||||
| Middlesex Water Co. |
689 | 11,748 | ||||||
| Total Water | 279,225 | |||||||
| TOTAL COMMON STOCKS (Cost: $124,690,769) |
122,440,821 | |||||||
| SHORT-TERM INVESTMENT – 0.6% | ||||||||
| MONEY MARKET FUND – 0.6% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $766,738) | 766,738 | 766,738 | ||||||
See Notes to Financial Statements.
| 26 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Equity Income Fund (DHS)
March 31, 2010
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.4% | ||||||||
| MONEY MARKET FUND – 8.4% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $10,348,083)(d) | 10,348,083 | $ | 10,348,083 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 108.6% (Cost: $135,805,590) |
133,555,642 | |||||||
| Liabilities in Excess of Other Assets – (8.6)% |
(10,648,742 | ) | ||||||
| NET ASSETS – 100.0% | $ | 122,906,900 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $10,045,550 and the total market value of the collateral held by the Fund was $10,348,083. |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 27 |
Table of Contents
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% | ||||||||
| Advertising – 0.1% | ||||||||
| Omnicom Group, Inc. |
10,663 | $ | 413,831 | |||||
| Aerospace/Defense – 3.3% | ||||||||
| Boeing Co. (The) |
47,461 | 3,446,143 | ||||||
| General Dynamics Corp. |
17,555 | 1,355,246 | ||||||
| Goodrich Corp. |
4,537 | 319,949 | ||||||
| L-3 Communications Holdings, Inc. |
3,943 | 361,297 | ||||||
| Lockheed Martin Corp. |
26,126 | 2,174,206 | ||||||
| Northrop Grumman Corp. |
20,249 | 1,327,727 | ||||||
| Raytheon Co. |
18,557 | 1,059,976 | ||||||
| Rockwell Collins, Inc.(a) |
5,661 | 354,322 | ||||||
| United Technologies Corp. |
43,134 | 3,175,094 | ||||||
| Total Aerospace/Defense | 13,573,960 | |||||||
| Agriculture – 4.9% | ||||||||
| Altria Group, Inc. |
299,025 | 6,135,993 | ||||||
| Archer-Daniels-Midland Co. |
23,826 | 688,571 | ||||||
| Lorillard, Inc. |
17,489 | 1,315,872 | ||||||
| Philip Morris International, Inc. |
189,613 | 9,890,214 | ||||||
| Reynolds American, Inc. |
41,227 | 2,225,434 | ||||||
| Total Agriculture | 20,256,084 | |||||||
| Airlines – 0.0% | ||||||||
| Southwest Airlines Co. |
2,462 | 32,548 | ||||||
| Apparel – 0.4% | ||||||||
| Coach, Inc. |
5,193 | 205,227 | ||||||
| NIKE, Inc. Class B |
13,729 | 1,009,081 | ||||||
| Polo Ralph Lauren Corp. |
564 | 47,963 | ||||||
| VF Corp. |
7,597 | 608,900 | ||||||
| Total Apparel | 1,871,171 | |||||||
| Auto Manufacturers – 0.1% | ||||||||
| PACCAR, Inc. |
8,363 | 362,452 | ||||||
| Auto Parts & Equipment – 0.2% | ||||||||
| Johnson Controls, Inc. |
25,970 | 856,750 | ||||||
| Banks – 3.2% | ||||||||
| Bank of America Corp. |
51,295 | 915,616 | ||||||
| Bank of New York Mellon Corp. (The) |
34,463 | 1,064,217 | ||||||
| BB&T Corp. |
34,332 | 1,112,013 | ||||||
| Capital One Financial Corp. |
5,305 | 219,680 | ||||||
| Fifth Third Bancorp(a) |
8,465 | 115,039 | ||||||
| Goldman Sachs Group, Inc. (The) |
9,319 | 1,590,101 | ||||||
| JPMorgan Chase & Co. |
41,316 | 1,848,891 | ||||||
| KeyCorp |
13,790 | 106,872 | ||||||
| M&T Bank Corp.(a) |
10,870 | 862,861 | ||||||
| Morgan Stanley |
20,987 | 614,709 | ||||||
| Northern Trust Corp. |
11,247 | 621,509 | ||||||
| PNC Financial Services Group, Inc. |
7,926 | 473,182 | ||||||
| Regions Financial Corp.(a) |
21,847 | 171,499 | ||||||
| State Street Corp. |
1,333 | 60,172 | ||||||
| SunTrust Banks, Inc. |
3,000 | 80,370 | ||||||
| U.S. Bancorp |
38,369 | 992,990 | ||||||
| Investments | Shares | Value | ||||||
| Wells Fargo & Co. |
75,609 | $ | 2,352,952 | |||||
| Total Banks | 13,202,673 | |||||||
| Beverages – 3.9% | ||||||||
| Brown-Forman Corp. Class A |
2,429 | 152,541 | ||||||
| Brown-Forman Corp. Class B(a) |
4,295 | 255,338 | ||||||
| Coca-Cola Co. (The) |
139,792 | 7,688,560 | ||||||
| Coca-Cola Enterprises, Inc. |
16,484 | 455,947 | ||||||
| Dr. Pepper Snapple Group, Inc. |
10,907 | 383,599 | ||||||
| Molson Coors Brewing Co. Class B |
7,145 | 300,519 | ||||||
| PepsiCo, Inc. |
101,811 | 6,735,816 | ||||||
| Total Beverages | 15,972,320 | |||||||
| Building Materials – 0.1% | ||||||||
| Masco Corp. |
18,610 | 288,827 | ||||||
| Chemicals – 2.4% | ||||||||
| Air Products & Chemicals, Inc. |
9,888 | 731,218 | ||||||
| Dow Chemical Co. (The)(a) |
55,762 | 1,648,882 | ||||||
| E.I. Du Pont de Nemours & Co. |
96,679 | 3,600,326 | ||||||
| Ecolab, Inc. |
6,117 | 268,842 | ||||||
| Lubrizol Corp. |
2,286 | 209,672 | ||||||
| Monsanto Co. |
14,593 | 1,042,232 | ||||||
| Mosaic Co. (The) |
3,216 | 195,436 | ||||||
| PPG Industries, Inc. |
12,827 | 838,886 | ||||||
| Praxair, Inc. |
12,555 | 1,042,065 | ||||||
| Sherwin-Williams Co. (The) |
5,428 | 367,367 | ||||||
| Sigma-Aldrich Corp. |
3,389 | 181,854 | ||||||
| Total Chemicals | 10,126,780 | |||||||
| Coal – 0.1% | ||||||||
| Consol Energy, Inc. |
3,678 | 156,903 | ||||||
| Peabody Energy Corp. |
3,581 | 163,652 | ||||||
| Total Coal | 320,555 | |||||||
| Commercial Services – 0.9% | ||||||||
| Automatic Data Processing, Inc. |
33,211 | 1,476,893 | ||||||
| H&R Block, Inc.(a) |
20,018 | 356,320 | ||||||
| Mastercard, Inc. Class A |
596 | 151,384 | ||||||
| Moody’s Corp.(a) |
6,689 | 198,998 | ||||||
| Paychex, Inc.(a) |
29,617 | 909,242 | ||||||
| Visa, Inc. Class A |
5,638 | 513,227 | ||||||
| Western Union Co. (The) |
3,189 | 54,086 | ||||||
| Total Commercial Services | 3,660,150 | |||||||
| Computers – 1.9% | ||||||||
| Hewlett-Packard Co. |
31,259 | 1,661,416 | ||||||
| International Business Machines Corp. |
47,277 | 6,063,275 | ||||||
| Total Computers | 7,724,691 | |||||||
| Cosmetics/Personal Care – 3.3% | ||||||||
| Avon Products, Inc. |
23,455 | 794,421 | ||||||
| Colgate-Palmolive Co. |
22,017 | 1,877,169 | ||||||
| Estee Lauder Cos., Inc. (The) Class A |
2,627 | 170,414 | ||||||
| Procter & Gamble Co. (The) |
174,427 | 11,035,996 | ||||||
| Total Cosmetics/Personal Care | 13,878,000 | |||||||
See Notes to Financial Statements.
| 28 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2010
| Investments | Shares | Value | ||||||
| Distribution/Wholesale – 0.3% | ||||||||
| Fastenal Co.(a) |
5,683 | $ | 272,727 | |||||
| Genuine Parts Co. |
13,718 | 579,449 | ||||||
| W.W. Grainger, Inc. |
2,902 | 313,764 | ||||||
| Total Distribution/Wholesale | 1,165,940 | |||||||
| Diversified Financial Services – 1.4% | ||||||||
| American Express Co. |
44,393 | 1,831,655 | ||||||
| Ameriprise Financial, Inc. |
9,782 | 443,712 | ||||||
| BlackRock, Inc. |
1,466 | 319,236 | ||||||
| Charles Schwab Corp. (The) |
32,107 | 600,080 | ||||||
| CME Group, Inc. |
1,964 | 620,840 | ||||||
| Discover Financial Services |
6,836 | 101,856 | ||||||
| Franklin Resources, Inc. |
3,909 | 433,508 | ||||||
| NYSE Euronext |
25,016 | 740,724 | ||||||
| T. Rowe Price Group, Inc. |
10,507 | 577,150 | ||||||
| Total Diversified Financial Services | 5,668,761 | |||||||
| Electric – 6.2% | ||||||||
| Ameren Corp. |
27,459 | 716,131 | ||||||
| American Electric Power Co., Inc. |
45,927 | 1,569,785 | ||||||
| Consolidated Edison, Inc. |
30,069 | 1,339,273 | ||||||
| Constellation Energy Group, Inc. |
12,594 | 442,175 | ||||||
| Dominion Resources, Inc. |
55,112 | 2,265,654 | ||||||
| DTE Energy Co. |
17,294 | 771,312 | ||||||
| Duke Energy Corp. |
150,641 | 2,458,461 | ||||||
| Edison International |
23,581 | 805,763 | ||||||
| Entergy Corp. |
14,232 | 1,157,773 | ||||||
| Exelon Corp. |
57,883 | 2,535,854 | ||||||
| FirstEnergy Corp. |
29,797 | 1,164,765 | ||||||
| FPL Group, Inc. |
29,459 | 1,423,754 | ||||||
| PG&E Corp.(a) |
28,693 | 1,217,157 | ||||||
| PPL Corp. |
33,183 | 919,501 | ||||||
| Progress Energy, Inc. |
34,708 | 1,366,107 | ||||||
| Public Service Enterprise Group, Inc. |
41,526 | 1,225,848 | ||||||
| Southern Co. |
86,206 | 2,858,591 | ||||||
| Wisconsin Energy Corp. |
6,763 | 334,160 | ||||||
| Xcel Energy, Inc.(a) |
43,241 | 916,709 | ||||||
| Total Electric | 25,488,773 | |||||||
| Electrical Components & Equipment – 0.6% | ||||||||
| Emerson Electric Co. |
50,410 | 2,537,639 | ||||||
| Electronics – 0.0% | ||||||||
| Amphenol Corp. Class A |
871 | 36,748 | ||||||
| Engineering & Construction – 0.0% | ||||||||
| Fluor Corp. |
4,226 | 196,551 | ||||||
| Entertainment – 0.0% | ||||||||
| International Game Technology |
7,330 | 135,239 | ||||||
| Environmental Control – 0.4% | ||||||||
| Republic Services, Inc. |
21,873 | 634,754 | ||||||
| Waste Management, Inc. |
35,613 | 1,226,156 | ||||||
| Total Environmental Control | 1,860,910 | |||||||
| Food – 3.3% | ||||||||
| Campbell Soup Co. |
24,182 | 854,834 | ||||||
| Investments | Shares | Value | ||||||
| ConAgra Foods, Inc. |
32,450 | $ | 813,522 | |||||
| General Mills, Inc. |
18,639 | 1,319,455 | ||||||
| H.J. Heinz Co.(a) |
26,653 | 1,215,643 | ||||||
| Hershey Co. (The) |
11,400 | 488,034 | ||||||
| Hormel Foods Corp.(a) |
5,925 | 248,909 | ||||||
| J.M. Smucker Co. (The) |
6,182 | 372,527 | ||||||
| Kellogg Co. |
22,400 | 1,196,832 | ||||||
| Kraft Foods, Inc. Class A |
131,937 | 3,989,775 | ||||||
| Kroger Co. (The) |
24,709 | 535,197 | ||||||
| Safeway, Inc. |
15,562 | 386,871 | ||||||
| Sara Lee Corp. |
52,270 | 728,121 | ||||||
| Sysco Corp. |
45,601 | 1,345,230 | ||||||
| Total Food | 13,494,950 | |||||||
| Forest Products & Paper – 0.2% | ||||||||
| International Paper Co. |
4,748 | 116,848 | ||||||
| Plum Creek Timber Co., Inc.(a) |
15,276 | 594,389 | ||||||
| Weyerhaeuser Co. |
2,611 | 118,200 | ||||||
| Total Forest Products & Paper | 829,437 | |||||||
| Gas – 0.3% | ||||||||
| Centerpoint Energy, Inc. |
42,019 | 603,393 | ||||||
| Sempra Energy |
14,392 | 718,161 | ||||||
| Total Gas | 1,321,554 | |||||||
| Healthcare-Products – 3.9% | ||||||||
| Baxter International, Inc. |
25,580 | 1,488,756 | ||||||
| Becton Dickinson and Co. |
9,425 | 742,030 | ||||||
| C.R. Bard, Inc. |
1,595 | 138,159 | ||||||
| DENTSPLY International, Inc. |
2,044 | 71,234 | ||||||
| Johnson & Johnson |
175,821 | 11,463,529 | ||||||
| Medtronic, Inc. |
43,463 | 1,957,139 | ||||||
| Stryker Corp. |
6,327 | 362,031 | ||||||
| Total Healthcare-Products | 16,222,878 | |||||||
| Healthcare-Services – 0.1% | ||||||||
| Aetna, Inc. |
1,177 | 41,324 | ||||||
| CIGNA Corp. |
591 | 21,619 | ||||||
| Quest Diagnostics, Inc. |
2,426 | 141,411 | ||||||
| UnitedHealth Group, Inc. |
2,095 | 68,444 | ||||||
| Total Healthcare-Services | 272,798 | |||||||
| Home Furnishings – 0.1% | ||||||||
| Whirlpool Corp. |
3,282 | 286,355 | ||||||
| Household Products/Wares – 0.7% | ||||||||
| Clorox Co. |
9,360 | 600,350 | ||||||
| Fortune Brands, Inc. |
6,355 | 308,281 | ||||||
| Kimberly-Clark Corp. |
32,718 | 2,057,308 | ||||||
| Total Household Products/Wares | 2,965,939 | |||||||
| Insurance – 2.4% | ||||||||
| Allstate Corp. (The) |
32,342 | 1,044,970 | ||||||
| American Family Life Assurance Co., Inc. |
23,972 | 1,301,440 | ||||||
| AON Corp. |
8,935 | 381,614 | ||||||
| Chubb Corp. |
21,115 | 1,094,813 | ||||||
| Hartford Financial Services Group, Inc. |
6,323 | 179,700 | ||||||
| Lincoln National Corp. |
1,039 | 31,897 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2010
| Investments | Shares | Value | ||||||
| Loews Corp. |
5,842 | $ | 217,790 | |||||
| Marsh & McLennan Cos., Inc. |
39,599 | 967,007 | ||||||
| Metlife, Inc. |
35,501 | 1,538,613 | ||||||
| Principal Financial Group, Inc. |
13,664 | 399,125 | ||||||
| Prudential Financial, Inc. |
13,260 | 802,230 | ||||||
| Travelers Cos., Inc. (The) |
31,117 | 1,678,451 | ||||||
| Unum Group |
11,744 | 290,899 | ||||||
| Total Insurance | 9,928,549 | |||||||
| Iron/Steel – 0.3% | ||||||||
| Cliffs Natural Resources, Inc. |
2,004 | 142,184 | ||||||
| Nucor Corp.(a) |
21,076 | 956,429 | ||||||
| United States Steel Corp.(a) |
1,150 | 73,048 | ||||||
| Total Iron/Steel | 1,171,661 | |||||||
| Leisure Time – 0.1% | ||||||||
| Harley-Davidson, Inc. |
9,289 | 260,742 | ||||||
| Lodging – 0.1% | ||||||||
| Marriott International, Inc. Class A |
9,417 | 296,824 | ||||||
| Starwood Hotels & Resorts Worldwide, Inc.(a) |
2,015 | 93,979 | ||||||
| Total Lodging | 390,803 | |||||||
| Machinery-Construction & Mining – 0.6% | ||||||||
| Caterpillar, Inc. |
38,455 | 2,416,897 | ||||||
| Joy Global, Inc. |
3,343 | 189,214 | ||||||
| Total Machinery-Construction & Mining | 2,606,111 | |||||||
| Machinery-Diversified – 0.5% | ||||||||
| Cummins, Inc.(a) |
6,496 | 402,427 | ||||||
| Deere & Co. |
18,258 | 1,085,621 | ||||||
| Flowserve Corp. |
1,223 | 134,860 | ||||||
| Rockwell Automation, Inc. |
7,494 | 422,362 | ||||||
| Roper Industries, Inc. |
1,128 | 65,243 | ||||||
| Total Machinery-Diversified | 2,110,513 | |||||||
| Media – 1.7% | ||||||||
| Cablevision Systems Corp. Class A |
7,568 | 182,692 | ||||||
| CBS Corp. Class A |
1,609 | 22,429 | ||||||
| CBS Corp. Class B |
21,775 | 303,543 | ||||||
| Comcast Corp. Class A |
65,787 | 1,238,111 | ||||||
| Comcast Corp. Special Class A |
26,338 | 473,294 | ||||||
| McGraw-Hill Cos., Inc. (The) |
17,414 | 620,809 | ||||||
| News Corp. Class A |
34,694 | 499,941 | ||||||
| News Corp. Class B(a) |
13,279 | 225,876 | ||||||
| Scripps Networks Interactive, Inc. Class A |
1,888 | 83,733 | ||||||
| Time Warner, Inc. |
61,791 | 1,932,205 | ||||||
| Walt Disney Co. (The) |
42,278 | 1,475,925 | ||||||
| Total Media | 7,058,558 | |||||||
| Metal Fabricate/Hardware – 0.0% | ||||||||
| Precision Castparts Corp. |
442 | 56,006 | ||||||
| Mining – 0.7% | ||||||||
| Alcoa, Inc. |
18,475 | 263,084 | ||||||
| Freeport-McMoRan Copper & Gold, Inc. |
6,973 | 582,524 | ||||||
| Newmont Mining Corp. |
7,899 | 402,296 | ||||||
| Southern Copper Corp. |
41,076 | 1,300,877 | ||||||
| Investments | Shares | Value | ||||||
| Vulcan Materials Co.(a) |
5,356 | $ | 253,018 | |||||
| Total Mining | 2,801,799 | |||||||
| Miscellaneous Manufacturing – 4.6% | ||||||||
| 3M Co. |
37,084 | 3,099,110 | ||||||
| Danaher Corp. |
1,045 | 83,506 | ||||||
| Dover Corp. |
9,759 | 456,233 | ||||||
| Eaton Corp. |
10,935 | 828,545 | ||||||
| General Electric Co. |
572,440 | 10,418,408 | ||||||
| Honeywell International, Inc. |
48,973 | 2,217,008 | ||||||
| Illinois Tool Works, Inc. |
27,095 | 1,283,219 | ||||||
| ITT Corp. |
6,142 | 329,273 | ||||||
| Parker Hannifin Corp. |
6,440 | 416,925 | ||||||
| Textron, Inc.(a) |
4,217 | 89,527 | ||||||
| Total Miscellaneous Manufacturing | 19,221,754 | |||||||
| Office/Business Equipment – 0.1% | ||||||||
| Xerox Corp. |
36,396 | 354,861 | ||||||
| Oil & Gas – 10.4% | ||||||||
| Anadarko Petroleum Corp. |
5,984 | 435,815 | ||||||
| Apache Corp. |
4,155 | 421,733 | ||||||
| Chesapeake Energy Corp. |
17,221 | 407,104 | ||||||
| Chevron Corp. |
148,149 | 11,234,139 | ||||||
| ConocoPhillips |
124,802 | 6,386,118 | ||||||
| Devon Energy Corp. |
8,661 | 558,028 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
1,496 | 132,860 | ||||||
| EOG Resources, Inc. |
3,097 | 287,835 | ||||||
| EQT Corp. |
5,548 | 227,468 | ||||||
| Exxon Mobil Corp. |
244,067 | 16,347,608 | ||||||
| Hess Corp. |
4,766 | 298,113 | ||||||
| Marathon Oil Corp. |
46,475 | 1,470,469 | ||||||
| Murphy Oil Corp. |
7,288 | 409,513 | ||||||
| Noble Energy, Inc. |
3,972 | 289,956 | ||||||
| Occidental Petroleum Corp. |
28,466 | 2,406,516 | ||||||
| Pioneer Natural Resources Co. |
945 | 53,222 | ||||||
| Questar Corp. |
4,612 | 199,238 | ||||||
| Range Resources Corp.(a) |
1,141 | 53,479 | ||||||
| Valero Energy Corp. |
41,372 | 815,028 | ||||||
| XTO Energy, Inc. |
12,856 | 606,546 | ||||||
| Total Oil & Gas | 43,040,788 | |||||||
| Oil & Gas Services – 0.5% | ||||||||
| Baker Hughes, Inc.(a) |
9,271 | 434,254 | ||||||
| BJ Services Co. |
6,177 | 132,188 | ||||||
| Halliburton Co. |
23,496 | 707,934 | ||||||
| National Oilwell Varco, Inc. |
7,422 | 301,185 | ||||||
| Smith International, Inc. |
9,001 | 385,423 | ||||||
| Total Oil & Gas Services | 1,960,984 | |||||||
| Pharmaceuticals - 8.8% | ||||||||
| Abbott Laboratories |
96,465 | 5,081,776 | ||||||
| Allergan, Inc. |
2,167 | 141,549 | ||||||
| AmerisourceBergen Corp. |
7,313 | 211,492 | ||||||
| Bristol-Myers Squibb Co. |
199,683 | 5,331,536 | ||||||
| Cardinal Health, Inc. |
15,972 | 575,471 | ||||||
| Eli Lilly & Co. |
131,176 | 4,751,195 | ||||||
See Notes to Financial Statements.
| 30 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2010
| Investments | Shares | Value | ||||||
| McKesson Corp. |
4,356 | $ | 286,276 | |||||
| Mead Johnson Nutrition Co. |
2,875 | 149,586 | ||||||
| Merck & Co., Inc. |
259,826 | 9,704,501 | ||||||
| Pfizer, Inc. |
590,808 | 10,132,357 | ||||||
| Total Pharmaceuticals | 36,365,739 | |||||||
| Pipelines – 0.5% | ||||||||
| El Paso Corp. |
8,135 | 88,183 | ||||||
| Spectra Energy Corp. |
65,802 | 1,482,519 | ||||||
| Williams Cos., Inc. (The) |
26,085 | 602,564 | ||||||
| Total Pipelines | 2,173,266 | |||||||
| REITS – 2.2% | ||||||||
| AvalonBay Communities, Inc. |
7,617 | 657,728 | ||||||
| Boston Properties, Inc. |
8,713 | 657,309 | ||||||
| Equity Residential(a) |
24,371 | 954,125 | ||||||
| HCP, Inc. |
35,699 | 1,178,067 | ||||||
| Health Care REIT, Inc. |
15,239 | 689,260 | ||||||
| ProLogis(a) |
43,524 | 574,517 | ||||||
| Public Storage |
9,740 | 895,982 | ||||||
| Public Storage Class A |
1,615 | 39,519 | ||||||
| Simon Property Group, Inc. |
18,451 | 1,548,039 | ||||||
| Ventas, Inc. |
15,530 | 737,364 | ||||||
| Vornado Realty Trust |
14,090 | 1,066,613 | ||||||
| Total REITS | 8,998,523 | |||||||
| Retail – 6.8% | ||||||||
| Best Buy Co., Inc. |
11,911 | 506,694 | ||||||
| Costco Wholesale Corp. |
11,027 | 658,422 | ||||||
| CVS Caremark Corp. |
28,809 | 1,053,257 | ||||||
| Gap, Inc. (The) |
23,204 | 536,244 | ||||||
| Home Depot, Inc. |
111,409 | 3,604,081 | ||||||
| J.C. Penney Co., Inc.(a) |
14,339 | 461,286 | ||||||
| Lowe’s Cos., Inc. |
46,386 | 1,124,397 | ||||||
| Ltd. Brands, Inc. |
22,714 | 559,219 | ||||||
| Macy’s, Inc. |
9,734 | 211,909 | ||||||
| McDonald’s Corp. |
79,450 | 5,300,904 | ||||||
| Nordstrom, Inc. |
7,663 | 313,034 | ||||||
| Ross Stores, Inc. |
2,448 | 130,895 | ||||||
| Staples, Inc. |
20,445 | 478,208 | ||||||
| Target Corp. |
22,518 | 1,184,447 | ||||||
| Tiffany & Co.(a) |
3,921 | 186,208 | ||||||
| TJX Cos., Inc. |
11,656 | 495,613 | ||||||
| Walgreen Co. |
30,775 | 1,141,445 | ||||||
| Wal-Mart Stores, Inc. |
166,514 | 9,258,178 | ||||||
| Yum! Brands, Inc. |
23,494 | 900,525 | ||||||
| Total Retail | 28,104,966 | |||||||
| Savings & Loans – 0.3% | ||||||||
| Hudson City Bancorp, Inc. |
49,626 | 702,704 | ||||||
| People’s United Financial, Inc. |
26,059 | 407,563 | ||||||
| Total Savings & Loans | 1,110,267 | |||||||
| Investments | Shares | Value | ||||||
| Semiconductors – 3.1% | ||||||||
| Altera Corp. |
5,323 | $ | 129,402 | |||||
| Analog Devices, Inc. |
16,240 | 468,037 | ||||||
| Applied Materials, Inc. |
47,876 | 645,368 | ||||||
| Intel Corp. |
370,415 | 8,245,438 | ||||||
| KLA-Tencor Corp. |
5,597 | 173,059 | ||||||
| Linear Technology Corp. |
13,975 | 395,213 | ||||||
| Maxim Integrated Products, Inc.(a) |
26,158 | 507,204 | ||||||
| Microchip Technology, Inc.(a) |
19,247 | 541,996 | ||||||
| Texas Instruments, Inc. |
50,114 | 1,226,290 | ||||||
| Xilinx, Inc. |
14,923 | 380,536 | ||||||
| Total Semiconductors | 12,712,543 | |||||||
| Software – 2.9% | ||||||||
| CA, Inc. |
7,728 | 181,376 | ||||||
| Fidelity National Information Services, Inc. |
6,313 | 147,977 | ||||||
| Microsoft Corp. |
319,313 | 9,346,291 | ||||||
| Oracle Corp. |
86,342 | 2,218,126 | ||||||
| Total Software | 11,893,770 | |||||||
| Telecommunications – 8.8% | ||||||||
| AT&T, Inc. |
739,365 | 19,105,192 | ||||||
| CenturyTel, Inc. |
49,194 | 1,744,419 | ||||||
| Corning, Inc. |
36,643 | 740,555 | ||||||
| Harris Corp. |
5,284 | 250,937 | ||||||
| QUALCOMM, Inc. |
52,926 | 2,222,363 | ||||||
| Qwest Communications International, Inc. |
270,252 | 1,410,715 | ||||||
| Verizon Communications, Inc. |
344,396 | 10,683,164 | ||||||
| Virgin Media, Inc.(a) |
6,193 | 106,891 | ||||||
| Total Telecommunications | 36,264,236 | |||||||
| Toys/Games/Hobbies – 0.2% | ||||||||
| Mattel, Inc. |
29,742 | 676,333 | ||||||
| Transportation – 1.7% | ||||||||
| C.H. Robinson Worldwide, Inc.(a) |
5,864 | 327,505 | ||||||
| CSX Corp. |
14,742 | 750,368 | ||||||
| Expeditors International Washington, Inc. |
4,783 | 176,588 | ||||||
| FedEx Corp. |
3,276 | 305,979 | ||||||
| Norfolk Southern Corp. |
19,671 | 1,099,412 | ||||||
| Union Pacific Corp. |
17,941 | 1,315,075 | ||||||
| United Parcel Service, Inc. Class B |
45,576 | 2,935,550 | ||||||
| Total Transportation | 6,910,477 | |||||||
| TOTAL COMMON STOCKS (Cost: $395,108,335) |
411,198,513 | |||||||
| SHORT-TERM INVESTMENT – 0.8% | ||||||||
| MONEY MARKET FUND – 0.8% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $3,420,176) | 3,420,176 | 3,420,176 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 31 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2010
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.1% | ||||||||
| MONEY MARKET FUND – 3.1% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $12,882,104)(d) | 12,882,104 | $ | 12,882,104 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 103.5% (Cost: $411,410,615) |
427,500,793 | |||||||
| Liabilities in Excess of Other Assets – (3.5)% |
(14,691,862 | ) | ||||||
| NET ASSETS – 100.0% | $ | 412,808,931 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $12,550,830 and the total market value of the collateral held by the Fund was $12,882,104. |
See Notes to Financial Statements.
| 32 | WisdomTree Domestic Dividend Funds |
Table of Contents
WisdomTree Dividend ex-Financials Fund (DTN)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% | ||||||||
| Aerospace/Defense – 3.5% | ||||||||
| Boeing Co. (The) |
33,960 | $ | 2,465,836 | |||||
| Lockheed Martin Corp. |
24,600 | 2,047,212 | ||||||
| Northrop Grumman Corp. |
32,008 | 2,098,764 | ||||||
| Total Aerospace/Defense | 6,611,812 | |||||||
| Agriculture – 7.6% | ||||||||
| Altria Group, Inc. |
210,630 | 4,322,128 | ||||||
| Lorillard, Inc. |
38,044 | 2,862,430 | ||||||
| Philip Morris International, Inc. |
56,951 | 2,970,564 | ||||||
| Reynolds American, Inc. |
78,070 | 4,214,219 | ||||||
| Total Agriculture | 14,369,341 | |||||||
| Apparel – 1.1% | ||||||||
| VF Corp. |
25,855 | 2,072,278 | ||||||
| Chemicals – 5.8% | ||||||||
| Air Products & Chemicals, Inc. |
15,087 | 1,115,684 | ||||||
| Dow Chemical Co. (The)(a) |
47,987 | 1,418,976 | ||||||
| E.I. Du Pont de Nemours & Co. |
85,466 | 3,182,754 | ||||||
| Lubrizol Corp. |
13,398 | 1,228,864 | ||||||
| Monsanto Co. |
9,205 | 657,421 | ||||||
| PPG Industries, Inc. |
35,667 | 2,332,622 | ||||||
| Praxair, Inc. |
13,787 | 1,144,321 | ||||||
| Total Chemicals | 11,080,642 | |||||||
| Commercial Services – 2.9% | ||||||||
| Automatic Data Processing, Inc. |
42,088 | 1,871,653 | ||||||
| H&R Block, Inc. |
83,596 | 1,488,009 | ||||||
| Paychex, Inc.(a) |
72,662 | 2,230,724 | ||||||
| Total Commercial Services | 5,590,386 | |||||||
| Distribution/Wholesale – 1.5% | ||||||||
| Genuine Parts Co. |
66,804 | 2,821,801 | ||||||
| Electric – 14.2% | ||||||||
| Ameren Corp. |
121,672 | 3,173,206 | ||||||
| American Electric Power Co., Inc. |
83,459 | 2,852,629 | ||||||
| Consolidated Edison, Inc. |
69,068 | 3,076,289 | ||||||
| DTE Energy Co. |
70,829 | 3,158,973 | ||||||
| Duke Energy Corp. |
188,665 | 3,079,013 | ||||||
| FirstEnergy Corp. |
62,124 | 2,428,427 | ||||||
| Progress Energy, Inc. |
88,087 | 3,467,104 | ||||||
| Southern Co. |
92,730 | 3,074,927 | ||||||
| Xcel Energy, Inc.(a) |
127,081 | 2,694,117 | ||||||
| Total Electric | 27,004,685 | |||||||
| Electrical Components & Equipment – 1.2% | ||||||||
| Emerson Electric Co. |
44,494 | 2,239,828 | ||||||
| Environmental Control – 2.0% | ||||||||
| Republic Services, Inc. |
55,822 | 1,619,954 | ||||||
| Waste Management, Inc. |
61,393 | 2,113,761 | ||||||
| Total Environmental Control | 3,733,715 | |||||||
| Food – 6.4% | ||||||||
| ConAgra Foods, Inc. |
93,569 | 2,345,775 | ||||||
| H.J. Heinz Co. |
53,430 | 2,436,942 | ||||||
| Investments | Shares | Value | ||||||
| Kraft Foods, Inc. Class A |
91,956 | $ | 2,780,749 | |||||
| Sara Lee Corp. |
175,345 | 2,442,556 | ||||||
| Sysco Corp. |
76,623 | 2,260,379 | ||||||
| Total Food | 12,266,401 | |||||||
| Gas – 1.7% | ||||||||
| Centerpoint Energy, Inc. |
225,755 | 3,241,842 | ||||||
| Healthcare-Products – 2.8% | ||||||||
| Baxter International, Inc. |
20,983 | 1,221,210 | ||||||
| Becton Dickinson and Co. |
14,860 | 1,169,928 | ||||||
| Johnson & Johnson |
27,560 | 1,796,912 | ||||||
| Medtronic, Inc. |
25,487 | 1,147,680 | ||||||
| Total Healthcare-Products | 5,335,730 | |||||||
| Household Products/Wares – 1.1% | ||||||||
| Kimberly-Clark Corp. |
32,788 | 2,061,709 | ||||||
| Iron/Steel – 1.0% | ||||||||
| Nucor Corp.(a) |
43,654 | 1,981,018 | ||||||
| Machinery-Construction & Mining – 1.0% | ||||||||
| Caterpillar, Inc. |
29,356 | 1,845,025 | ||||||
| Media – 1.7% | ||||||||
| McGraw-Hill Cos., Inc. (The) |
49,735 | 1,773,053 | ||||||
| Time Warner, Inc. |
46,771 | 1,462,529 | ||||||
| Total Media | 3,235,582 | |||||||
| Mining – 1.2% | ||||||||
| Southern Copper Corp. |
37,211 | 1,178,473 | ||||||
| Vulcan Materials Co.(a) |
24,405 | 1,152,892 | ||||||
| Total Mining | 2,331,365 | |||||||
| Miscellaneous Manufacturing – 2.2% | ||||||||
| Eaton Corp. |
28,545 | 2,162,854 | ||||||
| Honeywell International, Inc. |
45,525 | 2,060,917 | ||||||
| Total Miscellaneous Manufacturing | 4,223,771 | |||||||
| Office/Business Equipment – 0.8% | ||||||||
| Xerox Corp. |
151,921 | 1,481,230 | ||||||
| Oil & Gas – 6.2% | ||||||||
| Chevron Corp. |
25,786 | 1,955,352 | ||||||
| ConocoPhillips |
44,053 | 2,254,192 | ||||||
| Exxon Mobil Corp. |
18,654 | 1,249,445 | ||||||
| Marathon Oil Corp. |
54,051 | 1,710,174 | ||||||
| Murphy Oil Corp. |
18,728 | 1,052,326 | ||||||
| Occidental Petroleum Corp. |
12,029 | 1,016,932 | ||||||
| Valero Energy Corp. |
128,374 | 2,528,968 | ||||||
| Total Oil & Gas | 11,767,389 | |||||||
| Oil & Gas Services – 0.8% | ||||||||
| Smith International, Inc. |
37,172 | 1,591,705 | ||||||
| Pharmaceuticals – 7.0% | ||||||||
| Abbott Laboratories |
31,342 | 1,651,097 | ||||||
| Bristol-Myers Squibb Co. |
109,326 | 2,919,004 | ||||||
| Cardinal Health, Inc. |
38,213 | 1,376,814 | ||||||
| Eli Lilly & Co. |
85,472 | 3,095,796 | ||||||
| Merck & Co., Inc. |
65,054 | 2,429,767 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 33 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dividend ex-Financials Fund (DTN)
March 31, 2010
| Investments | Shares | Value | ||||||
| Pfizer, Inc. |
111,812 | $ | 1,917,576 | |||||
| Total Pharmaceuticals | 13,390,054 | |||||||
| Pipelines – 2.5% | ||||||||
| Spectra Energy Corp. |
147,169 | 3,315,717 | ||||||
| Williams Cos., Inc. (The) |
62,827 | 1,451,304 | ||||||
| Total Pipelines | 4,767,021 | |||||||
| Retail – 4.7% | ||||||||
| Home Depot, Inc. |
66,107 | 2,138,561 | ||||||
| J.C. Penney Co., Inc.(a) |
59,383 | 1,910,351 | ||||||
| Ltd. Brands, Inc. |
111,192 | 2,737,547 | ||||||
| McDonald’s Corp. |
31,848 | 2,124,899 | ||||||
| Total Retail | 8,911,358 | |||||||
| Semiconductors – 6.6% | ||||||||
| Analog Devices, Inc. |
50,622 | 1,458,926 | ||||||
| Intel Corp. |
96,858 | 2,156,059 | ||||||
| Linear Technology Corp. |
63,998 | 1,809,863 | ||||||
| Maxim Integrated Products, Inc.(a) |
130,543 | 2,531,229 | ||||||
| Microchip Technology, Inc.(a) |
103,796 | 2,922,895 | ||||||
| Xilinx, Inc. |
65,007 | 1,657,679 | ||||||
| Total Semiconductors | 12,536,651 | |||||||
| Telecommunications – 9.7% | ||||||||
| AT&T, Inc. |
127,098 | 3,284,212 | ||||||
| CenturyTel, Inc. |
128,722 | 4,564,482 | ||||||
| Harris Corp. |
25,174 | 1,195,513 | ||||||
| Qwest Communications International, Inc. |
1,186,304 | 6,192,507 | ||||||
| Verizon Communications, Inc. |
105,226 | 3,264,111 | ||||||
| Total Telecommunications | 18,500,825 | |||||||
| Toys/Games/Hobbies – 1.3% | ||||||||
| Mattel, Inc. |
111,107 | 2,526,573 | ||||||
| Transportation – 1.1% | ||||||||
| United Parcel Service, Inc. Class B |
31,112 | 2,003,924 | ||||||
| TOTAL COMMON STOCKS (Cost: $174,360,305) |
189,523,661 | |||||||
| SHORT-TERM INVESTMENT – 0.9% | ||||||||
| MONEY MARKET FUND – 0.9% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $1,630,130) | 1,630,130 | 1,630,130 | ||||||
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.1% | ||||||||
| MONEY MARKET FUND – 7.1% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $13,501,109)(d) | 13,501,109 | $ | 13,501,109 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 107.6% (Cost: $189,491,544) |
|
204,654,900 | ||||||
| Liabilities in Excess of Other Assets – (7.6)% |
(14,378,079 | ) | ||||||
| NET ASSETS – 100.0% | $ | 190,276,821 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $13,190,115 and the total market value of the collateral held by the Fund was $13,501,109. |
See Notes to Financial Statements.
| 34 | WisdomTree Domestic Dividend Funds |
Table of Contents
WisdomTree MidCap Dividend Fund (DON)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.3% | ||||||||
| Apparel – 0.2% | ||||||||
| Jones Apparel Group, Inc. |
4,995 | $ | 95,005 | |||||
| Wolverine World Wide, Inc. |
4,994 | 145,625 | ||||||
| Total Apparel | 240,630 | |||||||
| Banks – 4.1% | ||||||||
| Associated Banc-Corp. |
12,561 | 173,342 | ||||||
| BancorpSouth, Inc. |
15,615 | 327,290 | ||||||
| Bank of Hawaii Corp.(a) |
9,321 | 418,979 | ||||||
| BOK Financial Corp.(a) |
6,896 | 361,626 | ||||||
| City National Corp. |
2,745 | 148,148 | ||||||
| Comerica, Inc. |
5,606 | 213,252 | ||||||
| Commerce Bancshares, Inc. |
10,105 | 415,720 | ||||||
| Cullen/Frost Bankers, Inc.(a) |
10,417 | 581,269 | ||||||
| East West Bancorp, Inc. |
1,170 | 20,381 | ||||||
| First Citizens BancShares, Inc. Class A |
320 | 63,603 | ||||||
| FirstMerit Corp. |
13,928 | 300,427 | ||||||
| Fulton Financial Corp. |
12,910 | 131,553 | ||||||
| Hancock Holding Co. |
4,194 | 175,351 | ||||||
| Huntington Bancshares, Inc. |
40,403 | 216,964 | ||||||
| Marshall & Ilsley Corp. |
18,791 | 151,268 | ||||||
| Prosperity Bancshares, Inc. |
3,641 | 149,281 | ||||||
| TCF Financial Corp.(a) |
10,227 | 163,018 | ||||||
| UMB Financial Corp.(a) |
3,847 | 156,188 | ||||||
| Valley National Bancorp(a) |
40,698 | 625,528 | ||||||
| Westamerica Bancorp.(a) |
3,766 | 217,110 | ||||||
| Zions Bancorp.(a) |
2,074 | 45,255 | ||||||
| Total Banks | 5,055,553 | |||||||
| Building Materials – 0.4% | ||||||||
| Lennox International, Inc. |
3,982 | 176,482 | ||||||
| Martin Marietta Materials, Inc.(a) |
3,977 | 332,279 | ||||||
| Total Building Materials | 508,761 | |||||||
| Chemicals – 4.0% | ||||||||
| Airgas, Inc. |
6,236 | 396,734 | ||||||
| Albemarle Corp. |
6,359 | 271,084 | ||||||
| Ashland, Inc. |
2,744 | 144,801 | ||||||
| Cabot Corp. |
9,142 | 277,917 | ||||||
| Celanese Corp. Series A |
3,639 | 115,902 | ||||||
| CF Industries Holdings, Inc. |
1,081 | 98,566 | ||||||
| Cytec Industries, Inc. |
511 | 23,884 | ||||||
| Eastman Chemical Co. |
10,885 | 693,157 | ||||||
| FMC Corp. |
3,191 | 193,183 | ||||||
| Huntsman Corp. |
43,903 | 529,031 | ||||||
| International Flavors & Fragrances, Inc. |
9,636 | 459,348 | ||||||
| NewMarket Corp. |
971 | 100,003 | ||||||
| Olin Corp. |
17,658 | 346,450 | ||||||
| RPM International, Inc. |
26,613 | 567,922 | ||||||
| Terra Industries, Inc. |
6,125 | 280,280 | ||||||
| Valspar Corp. |
10,943 | 322,600 | ||||||
| Westlake Chemical Corp. |
2,960 | 76,338 | ||||||
| Total Chemicals | 4,897,200 | |||||||
| Investments | Shares | Value | ||||||
| Coal – 0.5% | ||||||||
| Arch Coal, Inc. |
13,793 | $ | 315,170 | |||||
| Massey Energy Co. |
2,684 | 140,346 | ||||||
| Walter Energy, Inc. |
1,536 | 141,727 | ||||||
| Total Coal | 597,243 | |||||||
| Commercial Services – 3.9% | ||||||||
| Aaron’s, Inc.(a) |
572 | 19,070 | ||||||
| DeVry, Inc. |
1,167 | 76,088 | ||||||
| Equifax, Inc.(a) |
3,295 | 117,961 | ||||||
| Global Payments, Inc. |
617 | 28,104 | ||||||
| Interactive Data Corp. |
14,982 | 479,424 | ||||||
| Lender Processing Services, Inc. |
4,542 | 171,461 | ||||||
| Manpower, Inc. |
5,326 | 304,221 | ||||||
| Pharmaceutical Product Development, Inc. |
16,042 | 380,998 | ||||||
| R.R. Donnelley & Sons Co. |
49,178 | 1,049,950 | ||||||
| Robert Half International, Inc.(a) |
13,661 | 415,704 | ||||||
| Rollins, Inc. |
7,427 | 161,017 | ||||||
| SEI Investments Co. |
8,773 | 192,743 | ||||||
| Service Corp. International |
26,292 | 241,361 | ||||||
| Strayer Education, Inc.(a) |
978 | 238,163 | ||||||
| Total System Services, Inc. |
15,676 | 245,486 | ||||||
| Towers Watson & Co. Class A |
1,344 | 63,840 | ||||||
| Washington Post Co. (The) Class B |
784 | 348,237 | ||||||
| Weight Watchers International, Inc.(a) |
9,371 | 239,242 | ||||||
| Total Commercial Services | 4,773,070 | |||||||
| Computers – 0.5% | ||||||||
| Diebold, Inc.(a) |
12,638 | 401,383 | ||||||
| Jack Henry & Associates, Inc. |
6,129 | 147,463 | ||||||
| Syntel, Inc.(a) |
1,336 | 51,396 | ||||||
| Total Computers | 600,242 | |||||||
| Cosmetics/Personal Care – 0.1% | ||||||||
| Alberto-Culver Co. |
5,128 | 134,097 | ||||||
| Distribution/Wholesale – 0.4% | ||||||||
| Owens & Minor, Inc. |
4,607 | 213,719 | ||||||
| Watsco, Inc. |
5,326 | 302,943 | ||||||
| Total Distribution/Wholesale | 516,662 | |||||||
| Diversified Financial Services – 1.6% | ||||||||
| Eaton Vance Corp. |
12,493 | 419,015 | ||||||
| Federated Investors, Inc. Class B(a) |
18,753 | 494,704 | ||||||
| Greenhill & Co., Inc. |
3,127 | 256,695 | ||||||
| Janus Capital Group, Inc. |
2,680 | 38,297 | ||||||
| Legg Mason, Inc. |
3,625 | 103,929 | ||||||
| Raymond James Financial, Inc.(a) |
11,404 | 304,943 | ||||||
| Waddell & Reed Financial, Inc. Class A(a) |
10,841 | 390,710 | ||||||
| Total Diversified Financial Services | 2,008,293 | |||||||
| Electric – 12.1% | ||||||||
| Allegheny Energy, Inc. |
21,540 | 495,420 | ||||||
| Alliant Energy Corp. |
27,184 | 904,140 | ||||||
| Cleco Corp. |
10,021 | 266,057 | ||||||
| CMS Energy Corp.(a) |
36,893 | 570,366 | ||||||
| DPL, Inc. |
24,442 | 664,578 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2010
| Investments | Shares | Value | ||||||
| Great Plains Energy, Inc. |
28,418 | $ | 527,722 | |||||
| Hawaiian Electric Industries, Inc.(a) |
27,645 | 620,630 | ||||||
| IDACORP, Inc. |
9,006 | 311,788 | ||||||
| Integrys Energy Group, Inc.(a) |
24,618 | 1,166,401 | ||||||
| ITC Holdings Corp. |
6,323 | 347,765 | ||||||
| MDU Resources Group, Inc. |
25,372 | 547,528 | ||||||
| Northeast Utilities |
31,921 | 882,296 | ||||||
| NSTAR |
24,053 | 851,957 | ||||||
| NV Energy, Inc. |
41,650 | 513,544 | ||||||
| OGE Energy Corp.(a) |
18,955 | 738,108 | ||||||
| Ormat Technologies, Inc. |
1,369 | 38,524 | ||||||
| Pepco Holdings, Inc. |
70,058 | 1,201,495 | ||||||
| Pinnacle West Capital Corp. |
28,527 | 1,076,324 | ||||||
| Portland General Electric Co. |
18,372 | 354,763 | ||||||
| SCANA Corp. |
30,673 | 1,152,998 | ||||||
| TECO Energy, Inc.(a) |
52,563 | 835,226 | ||||||
| Westar Energy, Inc. |
29,710 | 662,533 | ||||||
| Total Electric | 14,730,163 | |||||||
| Electrical Components & Equipment – 0.9% | ||||||||
| AMETEK, Inc. |
3,287 | 136,279 | ||||||
| Hubbell, Inc. Class B |
7,889 | 397,842 | ||||||
| Molex, Inc.(a) |
14,144 | 295,044 | ||||||
| Molex, Inc. Class A |
12,718 | 224,473 | ||||||
| Total Electrical Components & Equipment | 1,053,638 | |||||||
| Electronics – 1.2% | ||||||||
| AVX Corp. |
10,869 | 154,340 | ||||||
| Brady Corp. Class A |
5,727 | 178,224 | ||||||
| Gentex Corp.(a) |
17,321 | 336,374 | ||||||
| Jabil Circuit, Inc. |
20,676 | 334,744 | ||||||
| National Instruments Corp. |
6,273 | 209,205 | ||||||
| PerkinElmer, Inc. |
7,995 | 191,080 | ||||||
| Woodward Governor Co. |
3,206 | 102,528 | ||||||
| Total Electronics | 1,506,495 | |||||||
| Engineering & Construction – 0.2% | ||||||||
| KBR, Inc. |
8,714 | 193,102 | ||||||
| Entertainment – 0.9% | ||||||||
| Cinemark Holdings, Inc. |
29,246 | 536,372 | ||||||
| Regal Entertainment Group Class A |
34,515 | 606,428 | ||||||
| Total Entertainment | 1,142,800 | |||||||
| Environmental Control – 0.1% | ||||||||
| Nalco Holding Co. |
3,966 | 96,493 | ||||||
| Food – 2.2% | ||||||||
| Corn Products International, Inc. |
7,309 | 253,330 | ||||||
| Del Monte Foods Co. |
17,955 | 262,143 | ||||||
| Flowers Foods, Inc.(a) |
13,574 | 335,821 | ||||||
| Lancaster Colony Corp.(a) |
3,517 | 207,362 | ||||||
| McCormick & Co., Inc. |
17,096 | 655,803 | ||||||
| Seaboard Corp. |
13 | 16,888 | ||||||
| SUPERVALU, Inc. |
29,722 | 495,763 | ||||||
| Tootsie Roll Industries, Inc.(a) |
2,161 | 58,412 | ||||||
| Tyson Foods, Inc. Class A |
19,868 | 380,472 | ||||||
| Total Food | 2,665,994 | |||||||
| Investments | Shares | Value | ||||||
| Forest Products & Paper – 1.3% | ||||||||
| MeadWestvaco Corp. |
28,470 | $ | 727,409 | |||||
| Rayonier, Inc. |
18,996 | 862,988 | ||||||
| Total Forest Products & Paper | 1,590,397 | |||||||
| Gas – 5.1% | ||||||||
| AGL Resources, Inc. |
17,966 | 694,386 | ||||||
| Atmos Energy Corp. |
20,975 | 599,256 | ||||||
| Energen Corp. |
3,876 | 180,350 | ||||||
| National Fuel Gas Co. |
10,818 | 546,850 | ||||||
| New Jersey Resources Corp. |
6,827 | 256,422 | ||||||
| Nicor, Inc.(a) |
9,776 | 409,810 | ||||||
| NiSource, Inc. |
81,901 | 1,294,036 | ||||||
| Piedmont Natural Gas Co., Inc.(a) |
14,908 | 411,163 | ||||||
| Southern Union Co. |
16,914 | 429,108 | ||||||
| UGI Corp. |
17,757 | 471,271 | ||||||
| Vectren Corp.(a) |
22,075 | 545,694 | ||||||
| WGL Holdings, Inc. |
10,859 | 376,264 | ||||||
| Total Gas | 6,214,610 | |||||||
| Hand/Machine Tools – 1.4% | ||||||||
| Kennametal, Inc.(a) |
7,314 | 205,670 | ||||||
| Lincoln Electric Holdings, Inc. |
4,310 | 234,162 | ||||||
| Regal-Beloit Corp. |
2,304 | 136,881 | ||||||
| Snap-On, Inc. |
8,524 | 369,430 | ||||||
| Stanley Black & Decker, Inc. |
13,507 | 775,437 | ||||||
| Total Hand/Machine Tools | 1,721,580 | |||||||
| Healthcare-Products – 0.9% | ||||||||
| Beckman Coulter, Inc. |
3,811 | 239,331 | ||||||
| Cooper Cos., Inc. (The)(a) |
345 | 13,414 | ||||||
| Hill-Rom Holdings, Inc. |
5,600 | 152,376 | ||||||
| STERIS Corp. |
4,677 | 157,428 | ||||||
| Techne Corp. |
2,799 | 178,268 | ||||||
| Teleflex, Inc. |
5,072 | 324,963 | ||||||
| Total Healthcare-Products | 1,065,780 | |||||||
| Healthcare-Services – 0.1% | ||||||||
| Universal Health Services, Inc. Class B |
2,908 | 102,042 | ||||||
| Home Builders – 0.7% | ||||||||
| D.R. Horton, Inc.(a) |
23,057 | 290,518 | ||||||
| Lennar Corp. Class A |
9,808 | 168,796 | ||||||
| Lennar Corp. Class B |
2,541 | 35,447 | ||||||
| MDC Holdings, Inc. |
7,733 | 267,639 | ||||||
| Thor Industries, Inc. |
2,643 | 79,845 | ||||||
| Total Home Builders | 842,245 | |||||||
| Household Products/Wares – 1.1% | ||||||||
| Avery Dennison Corp.(a) |
12,357 | 449,918 | ||||||
| Church & Dwight Co., Inc. |
3,329 | 222,877 | ||||||
| Jarden Corp. |
4,601 | 153,167 | ||||||
| Scotts Miracle-Gro Co. (The) Class A |
4,178 | 193,650 | ||||||
| Tupperware Brands Corp. |
6,890 | 332,236 | ||||||
| Total Household Products/Wares | 1,351,848 | |||||||
See Notes to Financial Statements.
| 36 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2010
| Investments | Shares | Value | ||||||
| Housewares – 0.3% | ||||||||
| Newell Rubbermaid, Inc. |
18,398 | $ | 279,650 | |||||
| Toro Co.(a) |
2,488 | 122,335 | ||||||
| Total Housewares | 401,985 | |||||||
| Insurance – 7.6% | ||||||||
| American Financial Group, Inc. |
13,025 | 370,561 | ||||||
| American National Insurance Co.(a) |
3,553 | 403,408 | ||||||
| Arthur J. Gallagher & Co. |
29,518 | 724,667 | ||||||
| Assurant, Inc. |
11,703 | 402,349 | ||||||
| Brown & Brown, Inc. |
12,077 | 216,420 | ||||||
| Cincinnati Financial Corp. |
49,533 | 1,431,504 | ||||||
| Erie Indemnity Co. Class A |
11,638 | 501,947 | ||||||
| Fidelity National Financial, Inc. Class A |
50,622 | 750,218 | ||||||
| First American Corp. |
12,343 | 417,687 | ||||||
| Hanover Insurance Group, Inc. (The)(a) |
4,296 | 187,348 | ||||||
| HCC Insurance Holdings, Inc. |
11,068 | 305,477 | ||||||
| Mercury General Corp. |
16,603 | 725,883 | ||||||
| Old Republic International Corp. |
80,027 | 1,014,742 | ||||||
| Protective Life Corp. |
11,828 | 260,098 | ||||||
| Reinsurance Group of America, Inc. |
2,755 | 144,693 | ||||||
| StanCorp Financial Group, Inc. |
4,896 | 233,196 | ||||||
| Torchmark Corp. |
5,693 | 304,632 | ||||||
| Transatlantic Holdings, Inc. |
5,142 | 271,498 | ||||||
| Unitrin, Inc. |
11,674 | 327,456 | ||||||
| W.R. Berkley Corp.(a) |
8,077 | 210,729 | ||||||
| Wesco Financial Corp. |
161 | 62,065 | ||||||
| Total Insurance | 9,266,578 | |||||||
| Investment Companies – 1.0% | ||||||||
| Apollo Investment Corp.(a) |
97,668 | 1,243,314 | ||||||
| Iron/Steel – 0.9% | ||||||||
| AK Steel Holding Corp. |
5,288 | 120,884 | ||||||
| Allegheny Technologies, Inc.(a) |
8,762 | 473,060 | ||||||
| Reliance Steel & Aluminum Co. |
3,428 | 168,760 | ||||||
| Steel Dynamics, Inc. |
18,572 | 324,453 | ||||||
| Total Iron/Steel | 1,087,157 | |||||||
| Leisure Time – 0.2% | ||||||||
| Polaris Industries, Inc.(a) |
5,823 | 297,905 | ||||||
| Lodging – 0.3% | ||||||||
| Choice Hotels International, Inc.(a) |
6,820 | 237,404 | ||||||
| Wyndham Worldwide Corp. |
6,655 | 171,233 | ||||||
| Total Lodging | 408,637 | |||||||
| Machinery-Construction & Mining – 0.0% | ||||||||
| Bucyrus International, Inc. |
743 | 49,031 | ||||||
| Machinery-Diversified – 0.5% | ||||||||
| Gardner Denver, Inc. |
1,211 | 53,332 | ||||||
| Graco, Inc. |
7,785 | 249,120 | ||||||
| IDEX Corp. |
6,127 | 202,804 | ||||||
| Nordson Corp. |
2,221 | 150,850 | ||||||
| Wabtec Corp. |
237 | 9,983 | ||||||
| Total Machinery-Diversified | 666,089 | |||||||
| Investments | Shares | Value | ||||||
| Media – 0.5% | ||||||||
| FactSet Research Systems, Inc.(a) |
2,859 | $ | 209,765 | |||||
| Gannett Co., Inc.(a) |
14,017 | 231,561 | ||||||
| John Wiley & Sons, Inc. Class A |
3,156 | 136,591 | ||||||
| Total Media | 577,917 | |||||||
| Metal Fabricate/Hardware – 0.4% | ||||||||
| Commercial Metals Co.(a) |
16,071 | 242,029 | ||||||
| Timken Co. |
7,360 | 220,874 | ||||||
| Valmont Industries, Inc. |
960 | 79,517 | ||||||
| Total Metal Fabricate/Hardware | 542,420 | |||||||
| Mining – 0.3% | ||||||||
| Compass Minerals International, Inc. |
3,477 | 278,960 | ||||||
| Royal Gold, Inc. |
1,444 | 66,727 | ||||||
| Total Mining | 345,687 | |||||||
| Miscellaneous Manufacturing – 3.0% | ||||||||
| A.O. Smith Corp. |
2,142 | 112,605 | ||||||
| Acuity Brands, Inc. |
3,197 | 134,945 | ||||||
| Aptargroup, Inc. |
5,646 | 222,170 | ||||||
| Carlisle Cos., Inc. |
5,792 | 220,675 | ||||||
| CLARCOR, Inc. |
2,951 | 101,780 | ||||||
| Crane Co. |
7,541 | 267,706 | ||||||
| Donaldson Co., Inc. |
4,126 | 186,165 | ||||||
| Harsco Corp. |
10,402 | 332,240 | ||||||
| Leggett & Platt, Inc. |
39,462 | 853,958 | ||||||
| Pall Corp. |
9,673 | 391,660 | ||||||
| Pentair, Inc. |
11,086 | 394,883 | ||||||
| SPX Corp. |
4,491 | 297,843 | ||||||
| Trinity Industries, Inc.(a) |
6,922 | 138,163 | ||||||
| Total Miscellaneous Manufacturing | 3,654,793 | |||||||
| Office/Business Equipment – 1.3% | ||||||||
| Pitney Bowes, Inc.(a) |
65,045 | 1,590,350 | ||||||
| Oil & Gas – 0.8% | ||||||||
| Cabot Oil & Gas Corp. |
1,478 | 54,390 | ||||||
| Cimarex Energy Co. |
1,999 | 118,701 | ||||||
| EXCO Resources, Inc. |
4,796 | 88,150 | ||||||
| Helmerich & Payne, Inc. |
2,671 | 101,712 | ||||||
| Patterson-UTI Energy, Inc. |
10,199 | 142,480 | ||||||
| St. Mary Land & Exploration Co. |
890 | 30,981 | ||||||
| Sunoco, Inc. |
13,532 | 402,036 | ||||||
| Total Oil & Gas | 938,450 | |||||||
| Oil & Gas Services – 0.1% | ||||||||
| CARBO Ceramics, Inc.(a) |
1,290 | 80,419 | ||||||
| Packaging & Containers – 2.3% | ||||||||
| Ball Corp. |
3,586 | 191,421 | ||||||
| Bemis Co., Inc. |
16,059 | 461,214 | ||||||
| Greif, Inc. Class A |
3,499 | 192,165 | ||||||
| Greif, Inc. Class B(a) |
5,586 | 289,522 | ||||||
| Packaging Corp. of America(a) |
13,400 | 329,774 | ||||||
| Rock-Tenn Co. Class A |
2,236 | 101,895 | ||||||
| Sealed Air Corp. |
17,546 | 369,870 | ||||||
| Silgan Holdings, Inc. |
2,609 | 157,140 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2010
| Investments | Shares | Value | ||||||
| Sonoco Products Co. |
18,299 | $ | 563,426 | |||||
| Temple-Inland, Inc. |
9,705 | 198,273 | ||||||
| Total Packaging & Containers | 2,854,700 | |||||||
| Pharmaceuticals – 0.2% | ||||||||
| Medicis Pharmaceutical Corp. Class A |
1,728 | 43,476 | ||||||
| Omnicare, Inc. |
2,181 | 61,700 | ||||||
| Perrigo Co. |
2,973 | 174,575 | ||||||
| Total Pharmaceuticals | 279,751 | |||||||
| Pipelines – 0.8% | ||||||||
| Oneok, Inc. |
20,653 | 942,809 | ||||||
| Real Estate – 0.0% | ||||||||
| Jones Lang LaSalle, Inc. |
701 | 51,096 | ||||||
| REITS – 19.4% | ||||||||
| Alexandria Real Estate Equities, Inc. |
4,987 | 337,121 | ||||||
| AMB Property Corp.(a) |
32,241 | 878,245 | ||||||
| American Campus Communities, Inc. |
12,396 | 342,873 | ||||||
| Apartment Investment & Management Co. Class A |
15,606 | 287,306 | ||||||
| BioMed Realty Trust, Inc. |
13,520 | 223,621 | ||||||
| BRE Properties, Inc. |
12,663 | 452,702 | ||||||
| Camden Property Trust |
14,541 | 605,342 | ||||||
| Corporate Office Properties Trust SBI MD(a) |
12,440 | 499,217 | ||||||
| Developers Diversified Realty Corp. |
8,463 | 102,995 | ||||||
| Digital Realty Trust, Inc.(a) |
14,260 | 772,892 | ||||||
| Douglas Emmett, Inc. |
17,440 | 268,053 | ||||||
| Duke Realty Corp. |
64,554 | 800,470 | ||||||
| Entertainment Properties Trust(a) |
15,854 | 652,075 | ||||||
| Equity Lifestyle Properties, Inc. |
3,618 | 194,938 | ||||||
| Equity One, Inc.(a) |
23,214 | 438,513 | ||||||
| Essex Property Trust, Inc. |
7,068 | 635,767 | ||||||
| Federal Realty Investment Trust |
12,249 | 891,850 | ||||||
| Healthcare Realty Trust, Inc. |
21,080 | 490,953 | ||||||
| Highwoods Properties, Inc. |
18,201 | 577,518 | ||||||
| Home Properties, Inc.(a) |
10,049 | 470,293 | ||||||
| HRPT Properties Trust |
85,758 | 667,197 | ||||||
| Kilroy Realty Corp. |
9,807 | 302,448 | ||||||
| Kimco Realty Corp.(a) |
93,427 | 1,461,198 | ||||||
| Liberty Property Trust(a) |
32,664 | 1,108,616 | ||||||
| Macerich Co. (The)(a) |
35,048 | 1,342,689 | ||||||
| Mack-Cali Realty Corp. |
20,581 | 725,480 | ||||||
| Mid-America Apartment Communities, Inc.(a) |
7,447 | 385,680 | ||||||
| National Retail Properties, Inc.(a) |
29,515 | 673,827 | ||||||
| Nationwide Health Properties, Inc.(a) |
28,655 | 1,007,223 | ||||||
| Omega Healthcare Investors, Inc.(a) |
27,248 | 531,064 | ||||||
| Realty Income Corp.(a) |
32,644 | 1,001,844 | ||||||
| Regency Centers Corp. |
22,049 | 826,176 | ||||||
| Senior Housing Properties Trust |
41,105 | 910,476 | ||||||
| SL Green Realty Corp. |
3,208 | 183,722 | ||||||
| Tanger Factory Outlet Centers(a) |
7,647 | 330,045 | ||||||
| Taubman Centers, Inc.(a) |
12,660 | 505,387 | ||||||
| UDR, Inc. |
35,180 | 620,575 | ||||||
| Washington Real Estate Investment Trust(a) |
18,797 | 574,248 | ||||||
| Investments | Shares | Value | ||||||
| Weingarten Realty Investors(a) |
30,730 | $ | 662,539 | |||||
| Total REITS | 23,743,178 | |||||||
| Retail – 4.6% | ||||||||
| Abercrombie & Fitch Co. Class A |
8,718 | 397,890 | ||||||
| Advance Auto Parts, Inc.(a) |
2,770 | 116,118 | ||||||
| American Eagle Outfitters, Inc. |
25,167 | 466,093 | ||||||
| Barnes & Noble, Inc.(a) |
15,346 | 331,780 | ||||||
| Brinker International, Inc. |
15,135 | 291,803 | ||||||
| Burger King Holdings, Inc. |
9,011 | 191,574 | ||||||
| Casey’s General Stores, Inc. |
2,840 | 89,176 | ||||||
| Darden Restaurants, Inc. |
19,962 | 889,107 | ||||||
| Family Dollar Stores, Inc. |
13,248 | 485,009 | ||||||
| Foot Locker, Inc. |
46,047 | 692,547 | ||||||
| Guess ?, Inc. |
5,420 | 254,632 | ||||||
| MSC Industrial Direct Co. Class A(a) |
3,749 | 190,149 | ||||||
| Nu Skin Enterprises, Inc. Class A(a) |
5,247 | 152,688 | ||||||
| PetSmart, Inc. |
8,881 | 283,837 | ||||||
| Phillips-Van Heusen Corp. |
931 | 53,402 | ||||||
| RadioShack Corp. |
7,952 | 179,954 | ||||||
| Wendy’s/Arby’s Group, Inc. Class A |
31,954 | 159,770 | ||||||
| Williams-Sonoma, Inc.(a) |
11,526 | 303,019 | ||||||
| World Fuel Services Corp.(a) |
1,705 | 45,421 | ||||||
| Total Retail | 5,573,969 | |||||||
| Savings & Loans – 3.4% | ||||||||
| Capitol Federal Financial(a) |
23,918 | 895,968 | ||||||
| First Niagara Financial Group, Inc.(a) |
38,397 | 546,005 | ||||||
| New York Community Bancorp, Inc.(a) |
123,562 | 2,043,716 | ||||||
| TFS Financial Corp. |
35,777 | 477,623 | ||||||
| Washington Federal, Inc. |
6,221 | 126,411 | ||||||
| Total Savings & Loans | 4,089,723 | |||||||
| Semiconductors – 0.5% | ||||||||
| Intersil Corp. Class A |
20,553 | 303,362 | ||||||
| National Semiconductor Corp. |
25,144 | 363,331 | ||||||
| Total Semiconductors | 666,693 | |||||||
| Software – 0.8% | ||||||||
| Broadridge Financial Solutions, Inc. |
16,851 | 360,274 | ||||||
| Dun & Bradstreet Corp. |
4,243 | 315,764 | ||||||
| Quality Systems, Inc.(a) |
2,776 | 170,558 | ||||||
| Solera Holdings, Inc. |
2,312 | 89,359 | ||||||
| Total Software | 935,955 | |||||||
| Telecommunications – 3.2% | ||||||||
| Frontier Communications Corp.(a) |
207,029 | 1,540,296 | ||||||
| Telephone & Data Systems, Inc. |
3,221 | 109,031 | ||||||
| Telephone & Data Systems, Inc. Special Shares |
3,621 | 108,050 | ||||||
| Windstream Corp. |
196,419 | 2,139,003 | ||||||
| Total Telecommunications | 3,896,380 | |||||||
| Textiles – 0.3% | ||||||||
| Cintas Corp.(a) |
11,976 | 336,406 | ||||||
| Toys/Games/Hobbies – 0.6% | ||||||||
| Hasbro, Inc. |
17,498 | 669,823 | ||||||
See Notes to Financial Statements.
| 38 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2010
| Investments | Shares | Value | ||||||
| Transportation – 1.0% | ||||||||
| Con-way, Inc. |
2,835 | $ | 99,565 | |||||
| Heartland Express, Inc. |
2,386 | 39,369 | ||||||
| JB Hunt Transport Services, Inc. |
8,298 | 297,732 | ||||||
| Knight Transportation, Inc. |
4,620 | 97,436 | ||||||
| Landstar System, Inc. |
1,158 | 48,613 | ||||||
| Ryder System, Inc. |
6,471 | 250,816 | ||||||
| Tidewater, Inc. |
5,494 | 259,702 | ||||||
| Werner Enterprises, Inc.(a) |
3,537 | 81,952 | ||||||
| Total Transportation | 1,175,185 | |||||||
| Trucking & Leasing – 0.2% | ||||||||
| GATX Corp. |
8,597 | 246,304 | ||||||
| Water – 0.9% | ||||||||
| American Water Works Co., Inc. |
32,425 | 705,568 | ||||||
| Aqua America, Inc.(a) |
22,525 | 395,764 | ||||||
| Total Water | 1,101,332 | |||||||
| TOTAL COMMON STOCKS (Cost: $111,590,728) |
121,322,974 | |||||||
| SHORT-TERM INVESTMENT – 1.1% | ||||||||
| MONEY MARKET FUND – 1.1% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $1,395,858) | 1,395,858 | 1,395,858 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 22.2% | ||||||||
| MONEY MARKET FUND – 22.2% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $27,073,218)(d) | 27,073,218 | 27,073,218 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 122.6% (Cost: $140,059,804) |
|
149,792,050 | ||||||
| Liabilities in Excess of Cash and Other Assets – (22.6)% |
|
(27,671,524 | ) | |||||
| NET ASSETS – 100.0% | $ | 122,120,526 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $26,389,890 and the total market value of the collateral held by the Fund was $27,073,218. |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 39 |
Table of Contents
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.5% | ||||||||
| Advertising – 0.3% | ||||||||
| Harte-Hanks, Inc. |
30,324 | $ | 389,967 | |||||
| Marchex, Inc. Class B |
7,149 | 36,531 | ||||||
| Total Advertising | 426,498 | |||||||
| Aerospace/Defense – 0.6% | ||||||||
| Cubic Corp. |
2,092 | 75,312 | ||||||
| Curtiss-Wright Corp. |
8,093 | 281,636 | ||||||
| Ducommun, Inc. |
2,902 | 60,971 | ||||||
| HEICO Corp. |
509 | 26,244 | ||||||
| HEICO Corp. Class A |
976 | 38,728 | ||||||
| Kaman Corp. |
9,998 | 250,050 | ||||||
| National Presto Industries, Inc. |
1,125 | 133,774 | ||||||
| Triumph Group, Inc. |
898 | 62,941 | ||||||
| Total Aerospace/Defense | 929,656 | |||||||
| Agriculture – 2.0% | ||||||||
| Andersons, Inc. (The) |
4,002 | 133,987 | ||||||
| Griffin Land & Nurseries, Inc. |
1,171 | 34,018 | ||||||
| Universal Corp.(a) |
17,217 | 907,164 | ||||||
| Vector Group Ltd.(a) |
131,085 | 2,022,641 | ||||||
| Total Agriculture | 3,097,810 | |||||||
| Airlines – 0.1% | ||||||||
| Skywest, Inc. |
8,584 | 122,580 | ||||||
| Apparel – 0.7% | ||||||||
| Cherokee, Inc.(a) |
18,280 | 329,040 | ||||||
| Columbia Sportswear Co.(a) |
10,524 | 552,826 | ||||||
| Oxford Industries, Inc. |
4,367 | 88,781 | ||||||
| Weyco Group, Inc. |
4,730 | 111,249 | ||||||
| Total Apparel | 1,081,896 | |||||||
| Auto Parts & Equipment – 0.5% | ||||||||
| Cooper Tire & Rubber Co. |
21,824 | 415,093 | ||||||
| Spartan Motors, Inc. |
10,344 | 57,926 | ||||||
| Superior Industries International, Inc. |
17,603 | 283,056 | ||||||
| Titan International, Inc.(a) |
1,114 | 9,725 | ||||||
| Total Auto Parts & Equipment | 765,800 | |||||||
| Banks – 14.2% | ||||||||
| 1st Source Corp. |
16,358 | 287,083 | ||||||
| Alliance Financial Corp.(a) |
2,955 | 87,113 | ||||||
| American National Bankshares, Inc.(a) |
4,431 | 89,285 | ||||||
| Arrow Financial Corp. |
7,317 | 196,754 | ||||||
| Bancfirst Corp. |
6,215 | 260,471 | ||||||
| Bancorp Rhode Island, Inc. |
2,017 | 55,165 | ||||||
| Bank Mutual Corp. |
30,572 | 198,718 | ||||||
| Bank of Kentucky Financial Corp.(a) |
2,540 | 50,648 | ||||||
| Bank of Marin Bancorp |
1,531 | 50,646 | ||||||
| Bank of the Ozarks, Inc. |
5,526 | 194,460 | ||||||
| Boston Private Financial Holdings, Inc. |
8,409 | 61,974 | ||||||
| Bridge Bancorp, Inc.(a) |
3,991 | 93,389 | ||||||
| Bryn Mawr Bank Corp. |
5,396 | 97,937 | ||||||
| Camden National Corp. |
3,975 | 127,637 | ||||||
| Capital City Bank Group, Inc.(a) |
16,327 | 232,660 | ||||||
| Investments | Shares | Value | ||||||
| CapitalSource, Inc. |
56,738 | $ | 317,165 | |||||
| Cardinal Financial Corp. |
2,400 | 25,632 | ||||||
| Cass Information Systems, Inc.(a) |
2,839 | 88,435 | ||||||
| Cathay General Bancorp(a) |
5,294 | 61,675 | ||||||
| Center Bancorp, Inc.(a) |
2,862 | 23,783 | ||||||
| Centerstate Banks, Inc. |
1,718 | 21,046 | ||||||
| Century Bancorp, Inc. Class A(a) |
1,461 | 28,051 | ||||||
| Chemical Financial Corp.(a) |
19,739 | 466,235 | ||||||
| Citizens Holding Co.(a) |
2,816 | 69,499 | ||||||
| City Holding Co.(a) |
11,472 | 393,375 | ||||||
| CNB Financial Corp.(a) |
6,044 | 93,319 | ||||||
| CoBiz Financial, Inc.(a) |
5,434 | 33,854 | ||||||
| Columbia Banking System, Inc.(a) |
1,327 | 26,951 | ||||||
| Community Bank System, Inc.(a) |
24,719 | 563,099 | ||||||
| Community Trust Bancorp, Inc. |
12,915 | 349,867 | ||||||
| CVB Financial Corp.(a) |
73,412 | 728,981 | ||||||
| Financial Institutions, Inc. |
6,497 | 94,986 | ||||||
| First Bancorp |
6,377 | 86,217 | ||||||
| First Bancorp, Inc.(a) |
8,144 | 129,815 | ||||||
| First Busey Corp.(a) |
41,117 | 181,737 | ||||||
| First Commonwealth Financial Corp. |
37,244 | 249,907 | ||||||
| First Community Bancshares, Inc. |
10,214 | 126,347 | ||||||
| First Financial Bancorp |
23,512 | 418,278 | ||||||
| First Financial Bankshares, Inc.(a) |
8,835 | 455,444 | ||||||
| First Financial Corp.(a) |
6,304 | 182,564 | ||||||
| First Merchants Corp.(a) |
21,088 | 146,773 | ||||||
| First Midwest Bancorp, Inc. |
3,533 | 47,872 | ||||||
| FNB Corp. |
133,820 | 1,085,280 | ||||||
| German American Bancorp, Inc. |
6,353 | 96,121 | ||||||
| Glacier Bancorp, Inc. |
40,666 | 619,343 | ||||||
| Great Southern Bancorp, Inc.(a) |
7,781 | 174,606 | ||||||
| Heartland Financial USA, Inc.(a) |
7,391 | 118,034 | ||||||
| Home Bancshares, Inc. |
4,221 | 111,603 | ||||||
| Hudson Valley Holding Corp. |
7,709 | 186,558 | ||||||
| Iberiabank Corp. |
8,636 | 518,246 | ||||||
| Independent Bank Corp.(a) |
11,932 | 294,243 | ||||||
| International Bancshares Corp. |
22,110 | 508,309 | ||||||
| Lakeland Bancorp, Inc.(a) |
13,207 | 116,882 | ||||||
| Lakeland Financial Corp. |
9,354 | 178,194 | ||||||
| MainSource Financial Group, Inc. |
2,927 | 19,699 | ||||||
| MB Financial, Inc. |
1,985 | 44,722 | ||||||
| Merchants Bancshares, Inc. |
4,679 | 101,581 | ||||||
| National Penn Bancshares, Inc.(a) |
15,112 | 104,273 | ||||||
| NBT Bancorp, Inc.(a) |
22,573 | 515,793 | ||||||
| Northrim BanCorp, Inc. |
2,462 | 42,051 | ||||||
| Old National Bancorp |
33,739 | 403,181 | ||||||
| Pacific Continental Corp. |
1,119 | 11,750 | ||||||
| PacWest Bancorp |
1,234 | 28,160 | ||||||
| Park National Corp.(a) |
15,142 | 943,498 | ||||||
| Peapack Gladstone Financial Corp.(a) |
2,440 | 38,332 | ||||||
| Penns Woods Bancorp, Inc.(a) |
3,741 | 125,511 | ||||||
| Porter Bancorp, Inc. |
7,506 | 98,329 | ||||||
| PrivateBancorp, Inc. |
5,170 | 70,829 | ||||||
| Renasant Corp.(a) |
17,776 | 287,616 | ||||||
See Notes to Financial Statements.
| 40 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Republic Bancorp, Inc. Class A |
8,354 | $ | 157,389 | |||||
| S&T Bancorp, Inc. |
16,732 | 349,699 | ||||||
| S.Y. Bancorp, Inc.(a) |
6,989 | 159,000 | ||||||
| Sandy Spring Bancorp, Inc. |
1,404 | 21,060 | ||||||
| SCBT Financial Corp. |
5,434 | 201,275 | ||||||
| Shore Bancshares, Inc. |
6,382 | 90,944 | ||||||
| Simmons First National Corp. Class A(a) |
7,937 | 218,823 | ||||||
| Southside Bancshares, Inc. |
6,868 | 148,143 | ||||||
| Southwest Bancorp, Inc. |
3,797 | 31,401 | ||||||
| State Bancorp, Inc. |
7,200 | 56,664 | ||||||
| StellarOne Corp.(a) |
6,517 | 87,132 | ||||||
| Sterling Bancorp(a) |
16,789 | 168,729 | ||||||
| Sterling Bancshares, Inc.(a) |
57,675 | 321,827 | ||||||
| Suffolk Bancorp(a) |
4,886 | 150,049 | ||||||
| Susquehanna Bancshares, Inc. |
9,998 | 98,080 | ||||||
| Synovus Financial Corp.(a) |
165,487 | 544,452 | ||||||
| Tompkins Financial Corp.(a) |
5,967 | 217,676 | ||||||
| Tower Bancorp, Inc. |
5,640 | 150,983 | ||||||
| TowneBank(a) |
10,857 | 151,564 | ||||||
| Trico Bancshares(a) |
8,155 | 162,285 | ||||||
| TrustCo Bank Corp.(a) |
50,480 | 311,462 | ||||||
| Trustmark Corp. |
39,985 | 976,834 | ||||||
| Umpqua Holdings Corp. |
23,063 | 305,815 | ||||||
| Union First Market Bankshares Corp. |
6,143 | 92,759 | ||||||
| United Bankshares, Inc.(a) |
44,824 | 1,175,285 | ||||||
| Univest Corp. of Pennsylvania |
12,504 | 233,700 | ||||||
| Washington Banking Co. |
2,329 | 29,322 | ||||||
| Washington Trust Bancorp, Inc.(a) |
14,980 | 279,227 | ||||||
| Webster Financial Corp.(a) |
4,146 | 72,514 | ||||||
| WesBanco, Inc. |
20,555 | 334,224 | ||||||
| Whitney Holding Corp. |
7,143 | 98,502 | ||||||
| Wilmington Trust Corp. |
3,752 | 62,171 | ||||||
| Wilshire Bancorp, Inc.(a) |
13,107 | 144,570 | ||||||
| Wintrust Financial Corp. |
2,552 | 94,960 | ||||||
| Total Banks | 22,036,111 | |||||||
| Beverages – 0.2% | ||||||||
| Coca-Cola Bottling Co. Consolidated |
2,166 | 127,057 | ||||||
| Farmer Bros Co. |
6,651 | 124,640 | ||||||
| Total Beverages | 251,697 | |||||||
| Building Materials – 0.9% | ||||||||
| AAON, Inc. |
5,331 | 120,587 | ||||||
| Apogee Enterprises, Inc. |
10,554 | 166,859 | ||||||
| Comfort Systems USA, Inc. |
10,228 | 127,748 | ||||||
| Eagle Materials, Inc. |
11,078 | 294,010 | ||||||
| LSI Industries, Inc. |
10,027 | 68,384 | ||||||
| Quanex Building Products Corp. |
4,406 | 72,831 | ||||||
| Simpson Manufacturing Co., Inc.(a) |
12,628 | 350,553 | ||||||
| Texas Industries, Inc.(a) |
3,962 | 135,382 | ||||||
| Universal Forest Products, Inc. |
3,386 | 130,429 | ||||||
| Total Building Materials | 1,466,783 | |||||||
| Investments | Shares | Value | ||||||
| Chemicals – 2.5% | ||||||||
| Aceto Corp. |
15,967 | $ | 96,441 | |||||
| American Vanguard Corp. |
1,621 | 13,211 | ||||||
| Arch Chemicals, Inc. |
11,893 | 409,000 | ||||||
| Balchem Corp. |
1,604 | 39,539 | ||||||
| H.B. Fuller Co. |
9,868 | 229,036 | ||||||
| Hawkins, Inc.(a) |
4,464 | 108,029 | ||||||
| Innophos Holdings, Inc. |
10,858 | 302,938 | ||||||
| KMG Chemicals, Inc. |
893 | 15,699 | ||||||
| Minerals Technologies, Inc. |
1,148 | 59,512 | ||||||
| Quaker Chemical Corp. |
8,536 | 231,411 | ||||||
| Schulman A., Inc. |
13,207 | 323,175 | ||||||
| Sensient Technologies Corp. |
23,916 | 694,999 | ||||||
| Stepan Co. |
2,415 | 134,975 | ||||||
| Valhi, Inc.(a) |
60,543 | 1,191,486 | ||||||
| Zep, Inc. |
3,453 | 75,552 | ||||||
| Total Chemicals | 3,925,003 | |||||||
| Commercial Services – 4.5% | ||||||||
| ABM Industries, Inc. |
22,130 | 469,156 | ||||||
| Administaff, Inc.(a) |
9,150 | 195,261 | ||||||
| Advance America, Cash Advance Centers, Inc. |
43,910 | 255,556 | ||||||
| Arbitron, Inc.(a) |
7,785 | 207,548 | ||||||
| Barrett Business Services, Inc.(a) |
4,669 | 63,312 | ||||||
| CDI Corp. |
12,713 | 186,373 | ||||||
| Chemed Corp. |
3,777 | 205,393 | ||||||
| Corporate Executive Board Co. (The) |
10,440 | 277,600 | ||||||
| Deluxe Corp. |
57,019 | 1,107,309 | ||||||
| Diamond Management & Technology Consultants, Inc. |
18,748 | 147,172 | ||||||
| Electro Rent Corp. |
20,488 | 269,007 | ||||||
| Great Lakes Dredge & Dock Corp. |
10,607 | 55,687 | ||||||
| Healthcare Services Group, Inc.(a) |
27,818 | 622,845 | ||||||
| Heartland Payment Systems, Inc. |
2,180 | 40,548 | ||||||
| Heidrick & Struggles International, Inc.(a) |
5,197 | 145,672 | ||||||
| Hillenbrand, Inc. |
40,976 | 901,062 | ||||||
| Landauer, Inc.(a) |
5,504 | 358,971 | ||||||
| MAXIMUS, Inc. |
2,975 | 181,267 | ||||||
| McGrath Rentcorp |
16,259 | 393,955 | ||||||
| Monro Muffler, Inc. |
2,804 | 100,271 | ||||||
| Multi-Color Corp. |
3,656 | 43,799 | ||||||
| National Research Corp. |
3,255 | 82,417 | ||||||
| Sotheby’s(a) |
9,833 | 305,708 | ||||||
| Stewart Enterprises, Inc. Class A |
37,292 | 233,075 | ||||||
| Viad Corp. |
2,710 | 55,690 | ||||||
| Total Commercial Services | 6,904,654 | |||||||
| Computers – 0.2% | ||||||||
| iGate Corp. |
9,852 | 95,860 | ||||||
| MTS Systems Corp. |
5,927 | 172,061 | ||||||
| Total Computers | 267,921 | |||||||
| Cosmetics/Personal Care – 0.1% | ||||||||
| Inter Parfums, Inc. |
5,777 | 85,615 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Distribution/Wholesale – 0.4% | ||||||||
| Houston Wire & Cable Co. |
8,467 | $ | 98,048 | |||||
| Pool Corp.(a) |
23,276 | 526,968 | ||||||
| Total Distribution/Wholesale | 625,016 | |||||||
| Diversified Financial Services – 1.8% | ||||||||
| BGC Partners, Inc. Class A |
68,540 | 418,779 | ||||||
| Calamos Asset Management, Inc. Class A |
6,641 | 95,232 | ||||||
| Cohen & Steers, Inc.(a) |
7,015 | 175,094 | ||||||
| Duff & Phelps Corp. Class A |
4,888 | 81,825 | ||||||
| Evercore Partners, Inc. Class A |
5,078 | 152,340 | ||||||
| GAMCO Investors, Inc. Class A(a) |
400 | 18,200 | ||||||
| GFI Group, Inc. |
85,273 | 492,878 | ||||||
| JMP Group, Inc. |
1,525 | 12,963 | ||||||
| MarketAxess Holdings, Inc. |
10,897 | 171,410 | ||||||
| Nelnet, Inc. Class A |
10,244 | 190,129 | ||||||
| Oppenheimer Holdings, Inc. Class A |
3,093 | 78,902 | ||||||
| Sanders Morris Harris Group, Inc. |
16,580 | 102,630 | ||||||
| Student Loan Corp. (The) |
10,723 | 380,988 | ||||||
| SWS Group, Inc. |
14,207 | 163,807 | ||||||
| US Global Investors, Inc. Class A |
3,899 | 38,561 | ||||||
| Westwood Holdings Group, Inc. |
4,600 | 169,280 | ||||||
| Total Diversified Financial Services | 2,743,018 | |||||||
| Electric – 5.7% | ||||||||
| ALLETE, Inc. |
30,518 | 1,021,742 | ||||||
| Avista Corp. |
35,421 | 733,569 | ||||||
| Black Hills Corp. |
34,738 | 1,054,298 | ||||||
| Central Vermont Public Service Corp. |
8,893 | 179,372 | ||||||
| CH Energy Group, Inc. |
13,783 | 562,898 | ||||||
| Empire District Electric Co. (The) |
41,343 | 745,001 | ||||||
| MGE Energy, Inc.(a) |
15,778 | 557,910 | ||||||
| NorthWestern Corp.(a) |
30,590 | 820,118 | ||||||
| Otter Tail Corp.(a) |
29,380 | 645,185 | ||||||
| PNM Resources, Inc. |
56,928 | 713,308 | ||||||
| UIL Holdings Corp. |
31,294 | 860,585 | ||||||
| Unisource Energy Corp. |
21,574 | 678,286 | ||||||
| Unitil Corp. |
10,779 | 250,612 | ||||||
| Total Electric | 8,822,884 | |||||||
| Electrical Components & Equipment – 0.2% | ||||||||
| Belden, Inc. |
7,165 | 196,751 | ||||||
| Encore Wire Corp. |
1,269 | 26,395 | ||||||
| Graham Corp. |
608 | 10,938 | ||||||
| Insteel Industries, Inc.(a) |
2,489 | 26,607 | ||||||
| Total Electrical Components & Equipment | 260,691 | |||||||
| Electronics – 0.8% | ||||||||
| American Science & Engineering, Inc. |
1,674 | 125,416 | ||||||
| Analogic Corp.(a) |
2,326 | 99,390 | ||||||
| Badger Meter, Inc.(a) |
3,004 | 115,684 | ||||||
| Bel Fuse, Inc. Class B |
2,238 | 45,096 | ||||||
| CTS Corp.(a) |
7,768 | 73,175 | ||||||
| Daktronics, Inc. |
7,112 | 54,193 | ||||||
| Methode Electronics, Inc. |
20,758 | 205,504 | ||||||
| Park Electrochemical Corp. |
5,552 | 159,564 | ||||||
| Investments | Shares | Value | ||||||
| Technitrol, Inc. |
16,088 | $ | 84,945 | |||||
| Watts Water Technologies, Inc. Class A |
6,706 | 208,288 | ||||||
| Total Electronics | 1,171,255 | |||||||
| Engineering & Construction – 0.2% | ||||||||
| Granite Construction, Inc. |
10,345 | 312,626 | ||||||
| VSE Corp. |
394 | 16,217 | ||||||
| Total Engineering & Construction | 328,843 | |||||||
| Entertainment – 0.6% | ||||||||
| Churchill Downs, Inc. |
3,160 | 118,500 | ||||||
| Dover Downs Gaming & Entertainment, Inc. |
14,409 | 57,059 | ||||||
| International Speedway Corp. Class A |
2,279 | 58,730 | ||||||
| National CineMedia, Inc. |
30,341 | 523,686 | ||||||
| Speedway Motorsports, Inc. |
15,347 | 239,567 | ||||||
| Total Entertainment | 997,542 | |||||||
| Environmental Control – 0.6% | ||||||||
| EnergySolutions, Inc. |
17,131 | 110,152 | ||||||
| Met-Pro Corp. |
6,113 | 59,908 | ||||||
| Mine Safety Appliances Co.(a) |
21,648 | 605,278 | ||||||
| U.S. Ecology, Inc. |
13,337 | 214,726 | ||||||
| Total Environmental Control | 990,064 | |||||||
| Food – 2.0% | ||||||||
| Arden Group, Inc. Class A |
565 | 60,048 | ||||||
| B&G Foods, Inc. Class A |
57,819 | 605,943 | ||||||
| Calavo Growers, Inc.(a) |
7,561 | 137,913 | ||||||
| Diamond Foods, Inc.(a) |
1,517 | 63,775 | ||||||
| Imperial Sugar Co. |
1,174 | 18,209 | ||||||
| Ingles Markets, Inc. Class A |
9,110 | 136,923 | ||||||
| J&J Snack Foods Corp. |
3,127 | 135,931 | ||||||
| Lance, Inc. |
13,792 | 319,009 | ||||||
| Nash Finch Co. |
4,252 | 143,080 | ||||||
| Ruddick Corp.(a) |
15,652 | 495,229 | ||||||
| Sanderson Farms, Inc.(a) |
4,844 | 259,687 | ||||||
| Spartan Stores, Inc. |
5,339 | 76,988 | ||||||
| Village Super Market, Inc. Class A |
3,915 | 109,737 | ||||||
| Weis Markets, Inc.(a) |
14,915 | 542,309 | ||||||
| Total Food | 3,104,781 | |||||||
| Forest Products & Paper – 1.4% | ||||||||
| Deltic Timber Corp. |
1,337 | 58,895 | ||||||
| Glatfelter |
23,269 | 337,168 | ||||||
| Neenah Paper, Inc. |
7,591 | 120,241 | ||||||
| Potlatch Corp.(a) |
43,129 | 1,511,240 | ||||||
| Schweitzer-Mauduit International, Inc. |
2,630 | 125,083 | ||||||
| Total Forest Products & Paper | 2,152,627 | |||||||
| Gas – 1.9% | ||||||||
| Chesapeake Utilities Corp. |
4,559 | 135,858 | ||||||
| Laclede Group, Inc. (The) |
17,175 | 579,141 | ||||||
| Northwest Natural Gas Co.(a) |
16,398 | 764,147 | ||||||
| South Jersey Industries, Inc. |
17,258 | 724,664 | ||||||
| Southwest Gas Corp. |
24,784 | 741,537 | ||||||
| Total Gas | 2,945,347 | |||||||
See Notes to Financial Statements.
| 42 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Hand/Machine Tools – 0.6% | ||||||||
| Baldor Electric Co. |
19,117 | $ | 714,976 | |||||
| Franklin Electric Co., Inc. |
6,761 | 202,762 | ||||||
| Total Hand/Machine Tools | 917,738 | |||||||
| Healthcare-Products – 0.6% | ||||||||
| Atrion Corp. |
330 | 47,203 | ||||||
| Invacare Corp. |
1,043 | 27,681 | ||||||
| Meridian Bioscience, Inc. |
21,531 | 438,587 | ||||||
| Utah Medical Products, Inc. |
1,884 | 52,997 | ||||||
| West Pharmaceutical Services, Inc. |
9,053 | 379,773 | ||||||
| Young Innovations, Inc. |
845 | 23,795 | ||||||
| Total Healthcare-Products | 970,036 | |||||||
| Healthcare-Services – 0.2% | ||||||||
| America Service Group, Inc. |
2,120 | 34,111 | ||||||
| Ensign Group, Inc. (The) |
4,126 | 71,503 | ||||||
| National Healthcare Corp. |
6,821 | 241,327 | ||||||
| Total Healthcare-Services | 346,941 | |||||||
| Holding Companies-Diversified – 0.7% | ||||||||
| Compass Diversified Holdings |
69,430 | 1,059,502 | ||||||
| Primoris Services Corp.(a) |
6,611 | 51,169 | ||||||
| Total Holding Companies-Diversified | 1,110,671 | |||||||
| Home Builders – 0.4% | ||||||||
| KB Home |
28,259 | 473,338 | ||||||
| Ryland Group, Inc. |
4,863 | 109,126 | ||||||
| Skyline Corp. |
5,871 | 109,201 | ||||||
| Total Home Builders | 691,665 | |||||||
| Home Furnishings – 0.3% | ||||||||
| American Woodmark Corp.(a) |
4,205 | 81,535 | ||||||
| Ethan Allen Interiors, Inc. |
7,561 | 155,984 | ||||||
| Hooker Furniture Corp. |
5,515 | 88,681 | ||||||
| Kimball International, Inc. Class B |
11,178 | 77,687 | ||||||
| Total Home Furnishings | 403,887 | |||||||
| Household Products/Wares – 0.7% | ||||||||
| American Greetings Corp. Class A |
13,125 | 273,525 | ||||||
| Blyth, Inc. |
1,048 | 32,750 | ||||||
| CSS Industries, Inc. |
5,268 | 105,887 | ||||||
| Ennis, Inc. |
18,220 | 296,439 | ||||||
| Oil-Dri Corp. of America |
3,360 | 64,949 | ||||||
| Standard Register Co. (The) |
15,267 | 81,679 | ||||||
| WD-40 Co. |
8,669 | 284,603 | ||||||
| Total Household Products/Wares | 1,139,832 | |||||||
| Insurance – 4.9% | ||||||||
| American Equity Investment Life Holding Co. |
11,147 | 118,716 | ||||||
| American Physicians Capital, Inc. |
2,111 | 67,446 | ||||||
| Amtrust Financial Services, Inc. |
19,918 | 277,856 | ||||||
| Baldwin & Lyons, Inc. Class B |
8,241 | 198,526 | ||||||
| Delphi Financial Group, Inc. Class A |
14,765 | 371,487 | ||||||
| Donegal Group, Inc. Class A |
10,028 | 145,506 | ||||||
| EMC Insurance Group, Inc. |
7,452 | 167,819 | ||||||
| Employers Holdings, Inc. |
12,307 | 182,759 | ||||||
| FBL Financial Group, Inc. Class A |
6,693 | 163,845 | ||||||
| Investments | Shares | Value | ||||||
| First Mercury Financial Corp. |
2,029 | $ | 26,438 | |||||
| Harleysville Group, Inc.(a) |
18,601 | 627,970 | ||||||
| Horace Mann Educators Corp. |
10,898 | 164,124 | ||||||
| Infinity Property & Casualty Corp. |
2,749 | 124,915 | ||||||
| Life Partners Holdings, Inc. |
12,023 | 266,550 | ||||||
| Meadowbrook Insurance Group, Inc. |
15,553 | 122,869 | ||||||
| Mercer Insurance Group, Inc. |
1,763 | 31,734 | ||||||
| National Interstate Corp.(a) |
5,197 | 107,630 | ||||||
| National Western Life Insurance Co. Class A |
120 | 22,122 | ||||||
| NYMAGIC, Inc. |
2,071 | 43,967 | ||||||
| Presidential Life Corp. |
12,262 | 122,252 | ||||||
| Radian Group, Inc.(a) |
2,166 | 33,876 | ||||||
| RLI Corp.(a) |
7,625 | 434,778 | ||||||
| Safety Insurance Group, Inc. |
11,005 | 414,558 | ||||||
| Selective Insurance Group |
27,978 | 464,435 | ||||||
| State Auto Financial Corp. |
22,011 | 395,097 | ||||||
| Stewart Information Services Corp. |
2,846 | 39,275 | ||||||
| Tower Group, Inc. |
9,137 | 202,567 | ||||||
| United Fire & Casualty Co. |
14,977 | 269,436 | ||||||
| Universal Insurance Holdings, Inc. |
67,063 | 339,339 | ||||||
| Zenith National Insurance Corp. |
42,278 | 1,620,093 | ||||||
| Total Insurance | 7,567,985 | |||||||
| Internet – 1.2% | ||||||||
| Earthlink, Inc. |
122,781 | 1,048,550 | ||||||
| Keynote Systems, Inc. |
4,375 | 49,831 | ||||||
| NutriSystem, Inc.(a) |
11,905 | 212,028 | ||||||
| United Online, Inc. |
78,909 | 590,239 | ||||||
| Total Internet | 1,900,648 | |||||||
| Investment Companies – 7.0% | ||||||||
| Ares Capital Corp.(a) |
215,548 | 3,198,733 | ||||||
| BlackRock Kelso Capital Corp. |
148,237 | 1,476,441 | ||||||
| Capital Southwest Corp. |
625 | 56,800 | ||||||
| Fifth Street Finance Corp.(a) |
64,775 | 752,038 | ||||||
| Gladstone Capital Corp.(a) |
37,740 | 445,332 | ||||||
| Gladstone Investment Corp.(a) |
37,491 | 224,196 | ||||||
| Hercules Technology Growth Capital, Inc.(a) |
71,073 | 752,663 | ||||||
| Kohlberg Capital Corp.(a) |
69,392 | 392,759 | ||||||
| Main Street Capital Corp.(a) |
16,579 | 258,798 | ||||||
| Medallion Financial Corp. |
27,943 | 222,426 | ||||||
| MVC Capital, Inc. |
17,825 | 241,885 | ||||||
| NGP Capital Resources Co. |
26,510 | 225,865 | ||||||
| PennantPark Investment Corp. |
48,825 | 505,827 | ||||||
| Prospect Capital Corp.(a) |
124,674 | 1,514,789 | ||||||
| TICC Capital Corp. |
47,273 | 311,529 | ||||||
| Triangle Capital Corp.(a) |
22,505 | 315,970 | ||||||
| Total Investment Companies | 10,896,051 | |||||||
| Iron/Steel – 0.5% | ||||||||
| Carpenter Technology Corp. |
20,859 | 763,440 | ||||||
| Schnitzer Steel Industries, Inc. Class A |
508 | 26,685 | ||||||
| Total Iron/Steel | 790,125 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Leisure Time – 0.2% | ||||||||
| Ambassadors Group, Inc. |
6,173 | $ | 68,212 | |||||
| Brunswick Corp. |
6,690 | 106,839 | ||||||
| Callaway Golf Co. |
6,412 | 56,554 | ||||||
| Total Leisure Time | 231,605 | |||||||
| Lodging – 0.4% | ||||||||
| Ameristar Casinos, Inc.(a) |
25,311 | 461,166 | ||||||
| Marcus Corp. |
9,493 | 123,314 | ||||||
| Total Lodging | 584,480 | |||||||
| Machinery-Diversified – 1.6% | ||||||||
| Alamo Group, Inc. |
2,947 | 58,910 | ||||||
| Albany International Corp. Class A |
11,020 | 237,261 | ||||||
| Applied Industrial Technologies, Inc. |
19,370 | 481,344 | ||||||
| Briggs & Stratton Corp. |
20,104 | 392,028 | ||||||
| Cascade Corp. |
337 | 10,855 | ||||||
| Cognex Corp. |
7,928 | 146,589 | ||||||
| Gorman-Rupp Co. (The) |
4,102 | 104,355 | ||||||
| Lindsay Corp. |
1,786 | 73,958 | ||||||
| Manitowoc Co., Inc. (The) |
17,746 | 230,698 | ||||||
| NACCO Industries, Inc. Class A |
4,659 | 345,465 | ||||||
| Robbins & Myers, Inc. |
3,695 | 88,015 | ||||||
| Tennant Co. |
6,643 | 181,952 | ||||||
| Twin Disc, Inc. |
5,167 | 63,141 | ||||||
| Total Machinery-Diversified | 2,414,571 | |||||||
| Media – 1.3% | ||||||||
| Courier Corp. |
12,751 | 210,519 | ||||||
| Meredith Corp. |
17,714 | 609,539 | ||||||
| Primedia, Inc. |
52,311 | 179,950 | ||||||
| Scholastic Corp. |
6,212 | 173,936 | ||||||
| Value Line, Inc. |
5,466 | 126,210 | ||||||
| World Wrestling Entertainment, Inc. Class A |
39,825 | 688,972 | ||||||
| Total Media | 1,989,126 | |||||||
| Metal Fabricate/Hardware – 1.4% | ||||||||
| Ampco-Pittsburgh Corp. |
4,267 | 105,907 | ||||||
| CIRCOR International, Inc. |
1,700 | 56,457 | ||||||
| Dynamic Materials Corp. |
1,743 | 27,226 | ||||||
| Haynes International, Inc. |
5,535 | 196,659 | ||||||
| Kaydon Corp.(a) |
11,237 | 422,511 | ||||||
| Lawson Products, Inc. |
2,114 | 32,704 | ||||||
| Mueller Industries, Inc. |
10,227 | 273,981 | ||||||
| Mueller Water Products, Inc. Class A |
34,659 | 165,670 | ||||||
| Olympic Steel, Inc. |
502 | 16,390 | ||||||
| Sun Hydraulics Corp. |
3,717 | 96,568 | ||||||
| Worthington Industries, Inc. |
44,522 | 769,785 | ||||||
| Total Metal Fabricate/Hardware | 2,163,858 | |||||||
| Mining – 0.4% | ||||||||
| AMCOL International Corp. |
12,970 | 352,784 | ||||||
| Kaiser Aluminum Corp. |
8,169 | 315,078 | ||||||
| Total Mining | 667,862 | |||||||
| Investments | Shares | Value | ||||||
| Miscellaneous Manufacturing – 2.0% | ||||||||
| Actuant Corp. Class A |
2,497 | $ | 48,816 | |||||
| Ameron International Corp. |
3,000 | 188,670 | ||||||
| Barnes Group, Inc. |
18,265 | 355,254 | ||||||
| Brink’s Co. (The) |
12,848 | 362,699 | ||||||
| ESCO Technologies, Inc. |
3,803 | 120,973 | ||||||
| Federal Signal Corp.(a) |
32,333 | 291,320 | ||||||
| FreightCar America, Inc. |
2,399 | 57,960 | ||||||
| John Bean Technologies Corp. |
7,907 | 138,689 | ||||||
| Koppers Holdings, Inc. |
10,785 | 305,431 | ||||||
| Matthews International Corp. Class A |
4,168 | 147,964 | ||||||
| Myers Industries, Inc. |
15,831 | 165,909 | ||||||
| NL Industries, Inc. |
57,827 | 496,156 | ||||||
| Raven Industries, Inc. |
5,187 | 152,965 | ||||||
| Standex International Corp. |
2,062 | 53,138 | ||||||
| Sturm Ruger & Co., Inc.(a) |
11,806 | 141,554 | ||||||
| Tredegar Corp. |
6,326 | 108,048 | ||||||
| Total Miscellaneous Manufacturing | 3,135,546 | |||||||
| Office Furnishings – 0.7% | ||||||||
| Herman Miller, Inc. |
5,168 | 93,334 | ||||||
| HNI Corp. |
23,042 | 613,608 | ||||||
| Interface, Inc. Class A |
1,443 | 16,710 | ||||||
| Knoll, Inc. |
6,547 | 73,654 | ||||||
| Steelcase, Inc. Class A |
34,436 | 222,801 | ||||||
| Total Office Furnishings | 1,020,107 | |||||||
| Oil & Gas – 1.4% | ||||||||
| Alon USA Energy, Inc. |
18,118 | 131,355 | ||||||
| Berry Petroleum Co. Class A |
7,212 | 203,090 | ||||||
| Delek US Holdings, Inc. |
21,924 | 159,607 | ||||||
| Holly Corp.(a) |
20,402 | 569,420 | ||||||
| Houston American Energy Corp.(a) |
1,625 | 29,494 | ||||||
| Panhandle Oil and Gas, Inc. Class A |
1,583 | 37,406 | ||||||
| Penn Virginia Corp. |
7,973 | 195,338 | ||||||
| W&T Offshore, Inc.(a) |
12,827 | 107,747 | ||||||
| Whiting USA Trust I |
35,178 | 663,809 | ||||||
| Total Oil & Gas | 2,097,266 | |||||||
| Oil & Gas Services – 0.4% | ||||||||
| Gulf Island Fabrication, Inc. |
436 | 9,483 | ||||||
| Lufkin Industries, Inc. |
3,587 | 283,911 | ||||||
| RPC, Inc. |
24,202 | 269,368 | ||||||
| Total Oil & Gas Services | 562,762 | |||||||
| Real Estate – 0.0% | ||||||||
| Consolidated-Tomoka Land Co. |
533 | 16,795 | ||||||
| REITS – 16.1% | ||||||||
| Acadia Realty Trust |
28,695 | 512,493 | ||||||
| Agree Realty Corp. |
11,696 | 267,371 | ||||||
| Associated Estates Realty Corp. |
18,057 | 249,006 | ||||||
| Brandywine Realty Trust |
79,427 | 969,804 | ||||||
| CapLease, Inc. |
39,430 | 218,836 | ||||||
| CBL & Associates Properties, Inc.(a) |
47,543 | 651,339 | ||||||
| Cogdell Spencer, Inc. |
51,151 | 378,517 | ||||||
| Colonial Properties Trust |
56,756 | 731,017 | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Cousins Properties, Inc. |
26,671 | $ | 221,636 | |||||
| DCT Industrial Trust, Inc. |
204,670 | 1,070,424 | ||||||
| EastGroup Properties, Inc.(a) |
23,673 | 893,419 | ||||||
| Education Realty Trust, Inc. |
39,381 | 226,047 | ||||||
| Extra Space Storage, Inc. |
65,215 | 826,926 | ||||||
| First Potomac Realty Trust |
32,801 | 492,999 | ||||||
| Franklin Street Properties Corp.(a) |
70,963 | 1,023,996 | ||||||
| Getty Realty Corp.(a) |
34,435 | 805,779 | ||||||
| Gladstone Commercial Corp. |
16,418 | 237,240 | ||||||
| Glimcher Realty Trust |
171,340 | 868,694 | ||||||
| Government Properties Income Trust |
24,051 | 625,566 | ||||||
| Hersha Hospitality Trust |
71,398 | 369,842 | ||||||
| Inland Real Estate Corp.(a) |
103,860 | 950,319 | ||||||
| Investors Real Estate Trust |
90,498 | 816,292 | ||||||
| Kite Realty Group Trust |
60,924 | 288,171 | ||||||
| LaSalle Hotel Properties |
2,195 | 51,143 | ||||||
| Lexington Realty Trust(a) |
141,847 | 923,424 | ||||||
| LTC Properties, Inc. |
21,732 | 588,068 | ||||||
| Medical Properties Trust, Inc.(a) |
111,443 | 1,167,923 | ||||||
| Mission West Properties, Inc. |
30,672 | 211,023 | ||||||
| Monmouth Real Estate Investment Corp. Class A |
37,165 | 312,558 | ||||||
| National Health Investors, Inc. |
27,909 | 1,081,753 | ||||||
| Parkway Properties, Inc. |
23,465 | 440,673 | ||||||
| Pennsylvania Real Estate Investment Trust(a) |
55,771 | 695,464 | ||||||
| Post Properties, Inc. |
33,141 | 729,765 | ||||||
| PS Business Parks, Inc. |
14,226 | 759,668 | ||||||
| Ramco-Gershenson Properties Trust |
33,843 | 381,072 | ||||||
| Saul Centers, Inc. |
14,178 | 586,969 | ||||||
| Sovran Self Storage, Inc. |
23,373 | 814,783 | ||||||
| Sun Communities, Inc. |
40,549 | 1,021,835 | ||||||
| Universal Health Realty Income Trust |
15,261 | 539,324 | ||||||
| Urstadt Biddle Properties, Inc. |
7,739 | 110,049 | ||||||
| Urstadt Biddle Properties, Inc. Class A(a) |
19,017 | 300,659 | ||||||
| U-Store-It Trust |
21,250 | 153,000 | ||||||
| Winthrop Realty Trust |
24,509 | 295,088 | ||||||
| Total REITS | 24,859,974 | |||||||
| Retail – 3.2% | ||||||||
| bebe Stores, Inc. |
23,101 | 205,599 | ||||||
| Big 5 Sporting Goods Corp. |
4,024 | 61,245 | ||||||
| Bob Evans Farms, Inc. |
12,974 | 401,026 | ||||||
| Books-A-Million, Inc. |
7,662 | 55,473 | ||||||
| Brown Shoe Co., Inc. |
19,810 | 306,659 | ||||||
| Buckle, Inc. (The)(a) |
22,068 | 811,220 | ||||||
| Cash America International, Inc. |
2,074 | 81,881 | ||||||
| Cato Corp. (The) Class A |
15,645 | 335,429 | ||||||
| Christopher & Banks Corp. |
20,164 | 161,312 | ||||||
| CKE Restaurants, Inc. |
26,037 | 288,230 | ||||||
| Cracker Barrel Old Country Store, Inc. |
7,900 | 366,402 | ||||||
| Dillard’s, Inc. Class A |
9,975 | 235,410 | ||||||
| Finish Line, Inc. (The) Class A |
10,862 | 177,268 | ||||||
| Fred’s, Inc. Class A |
8,510 | 101,950 | ||||||
| Frisch’s Restaurants, Inc. |
1,766 | 39,029 | ||||||
| Men’s Wearhouse, Inc. (The) |
11,408 | 273,107 | ||||||
| Investments | Shares | Value | ||||||
| PEP Boys-Manny, Moe & Jack |
13,123 | $ | 131,886 | |||||
| PetMed Express, Inc.(a) |
8,539 | 189,310 | ||||||
| Pricesmart, Inc. |
12,498 | 290,578 | ||||||
| Regis Corp. |
9,867 | 184,315 | ||||||
| Sport Supply Group, Inc. |
1,699 | 22,835 | ||||||
| Stage Stores, Inc. |
10,447 | 160,779 | ||||||
| Total Retail | 4,880,943 | |||||||
| Savings & Loans – 4.1% | ||||||||
| Abington Bancorp, Inc. |
10,640 | 84,056 | ||||||
| Astoria Financial Corp.(a) |
70,842 | 1,027,209 | ||||||
| BankFinancial Corp. |
9,981 | 91,526 | ||||||
| Berkshire Hills Bancorp, Inc. |
7,590 | 139,125 | ||||||
| Brookline Bancorp, Inc. |
35,765 | 380,539 | ||||||
| Brooklyn Federal Bancorp, Inc.(a) |
9,304 | 78,154 | ||||||
| Clifton Savings Bancorp, Inc.(a) |
9,500 | 88,065 | ||||||
| Danvers Bancorp, Inc. |
2,215 | 30,633 | ||||||
| Dime Community Bancshares |
28,596 | 361,167 | ||||||
| ESB Financial Corp.(a) |
6,128 | 78,990 | ||||||
| ESSA Bancorp, Inc. |
3,996 | 50,110 | ||||||
| First Financial Holdings, Inc. |
4,148 | 62,469 | ||||||
| First Financial Northwest, Inc. |
16,289 | 111,254 | ||||||
| Flushing Financial Corp. |
24,338 | 308,119 | ||||||
| Home Federal Bancorp, Inc. |
4,598 | 66,717 | ||||||
| Kearny Financial Corp. |
23,082 | 240,745 | ||||||
| NewAlliance Bancshares, Inc.(a) |
41,653 | 525,661 | ||||||
| Northfield Bancorp, Inc. |
8,802 | 127,453 | ||||||
| Northwest Bancshares, Inc. |
62,897 | 738,411 | ||||||
| OceanFirst Financial Corp.(a) |
22,557 | 256,247 | ||||||
| Oritani Financial Corp. |
13,929 | 223,839 | ||||||
| Provident Financial Services, Inc. |
41,688 | 496,087 | ||||||
| Provident New York Bancorp |
19,210 | 182,111 | ||||||
| Rockville Financial, Inc. |
6,200 | 75,578 | ||||||
| Roma Financial Corp. |
13,446 | 168,613 | ||||||
| United Financial Bancorp, Inc. |
5,662 | 79,155 | ||||||
| ViewPoint Financial Group |
6,209 | 100,648 | ||||||
| Westfield Financial, Inc. |
12,577 | 115,583 | ||||||
| WSFS Financial Corp. |
2,263 | 88,257 | ||||||
| Total Savings & Loans | 6,376,521 | |||||||
| Semiconductors – 0.2% | ||||||||
| Cohu, Inc. |
7,083 | 97,533 | ||||||
| Micrel, Inc. |
18,437 | 196,538 | ||||||
| Power Integrations, Inc. |
1,289 | 53,107 | ||||||
| Richardson Electronics Ltd. |
3,251 | 25,846 | ||||||
| Total Semiconductors | 373,024 | |||||||
| Software – 1.0% | ||||||||
| American Software, Inc. Class A |
21,994 | 127,785 | ||||||
| Blackbaud, Inc. |
13,061 | 329,007 | ||||||
| Bowne & Co., Inc. |
20,766 | 231,749 | ||||||
| Computer Programs & Systems, Inc. |
5,881 | 229,829 | ||||||
| Fair Isaac Corp. |
3,213 | 81,417 | ||||||
| Opnet Technologies, Inc. |
10,047 | 161,958 | ||||||
| Pegasystems, Inc. |
2,344 | 86,728 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 45 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2010
| Investments | Shares | Value | ||||||
| QAD, Inc.* |
8,614 | $ | 45,224 | |||||
| Renaissance Learning, Inc. |
13,014 | 211,217 | ||||||
| Schawk, Inc. |
1,372 | 24,874 | ||||||
| Total Software | 1,529,788 | |||||||
| Telecommunications – 2.9% | ||||||||
| Adtran, Inc.(a) |
17,305 | 455,987 | ||||||
| Alaska Communications Systems Group, Inc.(a) |
78,856 | 640,311 | ||||||
| Applied Signal Technology, Inc. |
5,668 | 110,979 | ||||||
| Atlantic Tele-Network, Inc. |
3,914 | 175,856 | ||||||
| Black Box Corp. |
2,468 | 75,916 | ||||||
| Consolidated Communications Holdings, Inc.(a) |
47,972 | 909,549 | ||||||
| HickoryTech Corp. |
12,644 | 111,646 | ||||||
| Iowa Telecommunications Services, Inc. |
52,670 | 879,589 | ||||||
| NTELOS Holdings Corp. |
44,654 | 794,395 | ||||||
| Plantronics, Inc. |
6,599 | 206,417 | ||||||
| Preformed Line Products Co. |
1,603 | 61,154 | ||||||
| Shenandoah Telecommunications Co.(a) |
6,521 | 122,595 | ||||||
| Total Telecommunications | 4,544,394 | |||||||
| Textiles – 0.1% | ||||||||
| G&K Services, Inc. Class A |
3,644 | 94,307 | ||||||
| Unifirst Corp. |
777 | 40,015 | ||||||
| Total Textiles | 134,322 | |||||||
| Transportation – 1.6% | ||||||||
| Alexander & Baldwin, Inc.(a) |
25,500 | 842,775 | ||||||
| Arkansas Best Corp. |
8,144 | 243,343 | ||||||
| Forward Air Corp. |
5,554 | 146,070 | ||||||
| Horizon Lines, Inc. Class A |
41,267 | 224,493 | ||||||
| International Shipholding Corp. |
8,780 | 258,044 | ||||||
| Overseas Shipholding Group, Inc. |
17,726 | 695,391 | ||||||
| Total Transportation | 2,410,116 | |||||||
| Trucking & Leasing – 0.0% | ||||||||
| TAL International Group, Inc. |
1,481 | 29,590 | ||||||
| Water – 1.0% | ||||||||
| American States Water Co. |
9,336 | 323,959 | ||||||
| Artesian Resources Corp. Class A |
4,673 | 82,525 | ||||||
| California Water Service Group(a) |
11,222 | 422,059 | ||||||
| Connecticut Water Service, Inc. |
5,180 | 120,539 | ||||||
| Middlesex Water Co. |
9,540 | 162,657 | ||||||
| SJW Corp.(a) |
9,343 | 237,499 | ||||||
| Southwest Water Co. |
14,014 | 146,306 | ||||||
| York Water Co. |
7,398 | 101,723 | ||||||
| Total Water | 1,597,267 | |||||||
| TOTAL COMMON STOCKS (Cost: $136,178,070) |
153,859,588 | |||||||
| Investments | Shares | Value | ||||||
| SHORT-TERM INVESTMENT – 1.1% | ||||||||
| MONEY MARKET FUND – 1.1% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $1,741,818) | 1,741,818 | $ | 1,741,818 | |||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 22.2% | ||||||||
| MONEY MARKET FUND – 22.2% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $34,378,277)(d) | 34,378,277 | 34,378,277 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 122.8% (Cost: $172,298,165) |
189,979,683 | |||||||
| Liabilities in Excess of Other Assets – (22.8)% |
(35,255,576 | ) | ||||||
| NET ASSETS – 100.0% | $ | 154,724,107 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $33,272,534 and the total market value of the collateral held by the Fund was $34,378,277. |
See Notes to Financial Statements.
| 46 | WisdomTree Domestic Dividend Funds |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Domestic Dividend Funds
March 31, 2010
| WisdomTree Total Dividend Fund |
WisdomTree Equity Income Fund |
WisdomTree Dividend Fund |
WisdomTree Dividend ex- Financials Fund1 |
WisdomTree Dividend Fund |
WisdomTree Dividend Fund |
|||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||
| Investments, at cost |
$ | 132,083,715 | $ | 135,805,590 | $ | 411,410,615 | $ | 189,491,544 | $ | 140,059,804 | $ | 172,298,165 | ||||||||||||
| Investments in securities, at value (including securities on loan)2 |
139,608,329 | 133,555,642 | 427,500,793 | 204,654,900 | 149,792,050 | 189,979,683 | ||||||||||||||||||
| Cash |
— | — | — | — | 1,387 | — | ||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||
| Capital shares sold |
2,153,465 | — | — | — | — | — | ||||||||||||||||||
| Dividends and interest |
310,988 | 458,768 | 924,818 | 639,333 | 343,613 | 566,272 | ||||||||||||||||||
| Investment securities sold |
— | 577,284 | — | — | — | — | ||||||||||||||||||
| Total Assets |
142,072,782 | 134,591,694 | 428,425,611 | 205,294,233 | 150,137,050 | 190,545,955 | ||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||
| Due to custodian |
435 | — | 1,578 | — | — | — | ||||||||||||||||||
| Payables: |
||||||||||||||||||||||||
| Collateral for securities on loan (Note 2) |
6,000,048 | 10,348,083 | 12,882,104 | 13,501,109 | 27,073,218 | 34,378,277 | ||||||||||||||||||
| Investment securities purchased |
2,152,078 | — | — | — | — | — | ||||||||||||||||||
| Distribution |
918,385 | 1,296,750 | 2,635,102 | 1,455,773 | 903,809 | 1,393,862 | ||||||||||||||||||
| Advisory fees (Note 3) |
30,835 | 39,504 | 96,381 | 59,837 | 39,045 | 49,140 | ||||||||||||||||||
| Service fees (Note 2) |
485 | 457 | 1,515 | 693 | 452 | 569 | ||||||||||||||||||
| Total Liabilities |
9,102,266 | 11,684,794 | 15,616,680 | 15,017,412 | 28,016,524 | 35,821,848 | ||||||||||||||||||
| NET ASSETS |
$ | 132,970,516 | $ | 122,906,900 | $ | 412,808,931 | $ | 190,276,821 | $ | 122,120,526 | $ | 154,724,107 | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Paid-in capital |
$ | 155,453,729 | $ | 196,485,221 | $ | 488,836,219 | $ | 258,116,050 | $ | 145,299,455 | $ | 191,436,026 | ||||||||||||
| Undistributed net investment income |
128,223 | 223,296 | 356,417 | 310,225 | 194,523 | 269,407 | ||||||||||||||||||
| Accumulated net realized loss on investments |
(30,136,050 | ) | (71,551,669 | ) | (92,473,883 | ) | (83,312,810 | ) | (33,105,698 | ) | (54,662,844 | ) | ||||||||||||
| Net unrealized appreciation (depreciation) on investments |
7,524,614 | (2,249,948 | ) | 16,090,178 | 15,163,356 | 9,732,246 | 17,681,518 | |||||||||||||||||
| NET ASSETS |
$ | 132,970,516 | $ | 122,906,900 | $ | 412,808,931 | $ | 190,276,821 | $ | 122,120,526 | $ | 154,724,107 | ||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
3,100,000 | 3,500,000 | 9,700,000 | 4,450,000 | 2,650,000 | 3,650,000 | ||||||||||||||||||
| Net asset value per share |
$ | 42.89 | $ | 35.12 | $ | 42.56 | $ | 42.76 | $ | 46.08 | $ | 42.39 | ||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Dividend Top 100 Fund through May 7, 2009 and the investment objective and strategy of the WisdomTree Dividend ex-Financials Fund thereafter. |
| 2 | Market values of securities on loan were as follows: $5,789,579, $10,045,550, $12,550,830, $13,190,115, $26,389,890 and $33,272,534, respectively (Note 2). |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 47 |
Table of Contents
WisdomTree Domestic Dividend Funds
For the Year Ended March 31, 2010
| WisdomTree Total Dividend Fund |
WisdomTree Income Fund |
WisdomTree LargeCap Dividend Fund |
WisdomTree Dividend ex- Financials Fund1 |
WisdomTree MidCap Dividend Fund |
WisdomTree SmallCap Dividend Fund |
|||||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||||||
| Dividends |
$ | 3,812,514 | $ | 5,283,790 | $ | 11,875,811 | $ | 6,928,333 | $ | 3,705,468 | $ | 5,389,917 | ||||||||||||
| Interest |
147 | 133 | 435 | 167 | 118 | 144 | ||||||||||||||||||
| Securities lending income (Note 2) |
12,503 | 18,181 | 19,137 | 11,895 | 42,827 | 105,051 | ||||||||||||||||||
| Total investment income |
3,825,164 | 5,302,104 | 11,895,383 | 6,940,395 | 3,748,413 | 5,495,112 | ||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||
| Advisory fees (Note 3) |
325,223 | 491,464 | 1,048,840 | 560,108 | 382,687 | 454,709 | ||||||||||||||||||
| Service fees (Note 2) |
5,111 | 5,691 | 16,482 | 6,486 | 4,431 | 5,265 | ||||||||||||||||||
| Total expenses |
330,334 | 497,155 | 1,065,322 | 566,594 | 387,118 | 459,974 | ||||||||||||||||||
| Net investment income |
3,494,830 | 4,804,949 | 10,830,061 | 6,373,801 | 3,361,295 | 5,035,138 | ||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||
| Investment transactions |
(11,106,166 | ) | (18,504,318 | ) | (34,914,696 | ) | (26,165,549 | ) | (7,506,687 | ) | (10,995,591 | ) | ||||||||||||
| In-kind redemptions |
3,398,690 | 10,220,290 | 14,938,267 | 14,082,552 | 12,198,654 | 17,117,359 | ||||||||||||||||||
| Net realized gain (loss) |
(7,707,476 | ) | (8,284,028 | ) | (19,976,429 | ) | (12,082,997 | ) | 4,691,967 | 6,121,768 | ||||||||||||||
| Net change in unrealized appreciation (depreciation) |
48,824,215 | 59,598,462 | 146,328,209 | 73,563,002 | 45,170,197 | 53,786,910 | ||||||||||||||||||
| Net realized and unrealized gain on investments |
41,116,739 | 51,314,434 | 126,351,780 | 61,480,005 | 49,862,164 | 59,908,678 | ||||||||||||||||||
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 44,611,569 | $ | 56,119,383 | $ | 137,181,841 | $ | 67,853,806 | $ | 53,223,459 | $ | 64,943,816 | ||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Dividend Top 100 Fund through May 7, 2009 and the investment objective and strategy of the WisdomTree Dividend ex-Financials Fund thereafter. |
See Notes to Financial Statements.
| 48 | WisdomTree Domestic Dividend Funds |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Domestic Dividend Funds
| WisdomTree Total Dividend Fund |
WisdomTree Equity Income Fund |
WisdomTree LargeCap Dividend Fund |
||||||||||||||||||||||
| For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 3,494,830 | $ | 3,338,965 | $ | 4,804,949 | $ | 6,708,782 | $ | 10,830,061 | $ | 11,016,858 | ||||||||||||
| Net realized loss on investments |
(7,707,476 | ) | (18,715,895 | ) | (8,284,028 | ) | (56,740,057 | ) | (19,976,429 | ) | (62,291,410 | ) | ||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
48,824,215 | (29,166,740 | ) | 59,598,462 | (29,209,022 | ) | 146,328,209 | (97,231,533 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
44,611,569 | (44,543,670 | ) | 56,119,383 | (79,240,297 | ) | 137,181,841 | (148,506,085 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(3,446,970 | ) | (3,313,229 | ) | (4,721,943 | ) | (6,721,777 | ) | (10,722,974 | ) | (10,899,807 | ) | ||||||||||||
| Total dividends |
(3,446,970 | ) | (3,313,229 | ) | (4,721,943 | ) | (6,721,777 | ) | (10,722,974 | ) | (10,899,807 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||||||||||||||
| Net proceeds from sale of shares |
19,294,993 | 46,420,476 | 46,679,655 | 71,553,240 | 73,698,313 | 182,938,258 | ||||||||||||||||||
| Cost of shares redeemed |
(12,332,769 | ) | (1,790,616 | ) | (76,261,688 | ) | (23,158,766 | ) | (81,483,288 | ) | (37,775,980 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
6,962,224 | 44,629,860 | (29,582,033 | ) | 48,394,474 | (7,784,975 | ) | 145,162,278 | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
48,126,823 | (3,227,039 | ) | 21,815,407 | (37,567,600 | ) | 118,673,892 | (14,243,614 | ) | |||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 84,843,693 | $ | 88,070,732 | $ | 101,091,493 | $ | 138,659,093 | $ | 294,135,039 | $ | 308,378,653 | ||||||||||||
| End of year |
$ | 132,970,516 | $ | 84,843,693 | $ | 122,906,900 | $ | 101,091,493 | $ | 412,808,931 | $ | 294,135,039 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 128,223 | $ | 82,946 | $ | 223,296 | $ | 146,102 | $ | 356,417 | $ | 249,330 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
2,900,000 | 1,700,000 | 4,400,000 | 2,900,000 | 9,850,000 | 5,850,000 | ||||||||||||||||||
| Shares created |
500,000 | 1,250,000 | 1,400,000 | 2,100,000 | 1,900,000 | 5,000,000 | ||||||||||||||||||
| Shares redeemed |
(300,000 | ) | (50,000 | ) | (2,300,000 | ) | (600,000 | ) | (2,050,000 | ) | (1,000,000 | ) | ||||||||||||
| Shares outstanding, end of year |
3,100,000 | 2,900,000 | 3,500,000 | 4,400,000 | 9,700,000 | 9,850,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 49 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Domestic Dividend Funds
| WisdomTree Dividend ex-Financials Fund |
WisdomTree MidCap Dividend Fund |
WisdomTree SmallCap Dividend Fund |
||||||||||||||||||||||
| For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 6,373,801 | $ | 6,320,448 | $ | 3,361,295 | $ | 3,242,405 | $ | 5,035,138 | $ | 4,209,422 | ||||||||||||
| Net realized gain (loss) on investments |
(12,082,997 | ) | (58,047,091 | ) | 4,691,967 | (23,657,089 | ) | 6,121,768 | (39,689,366 | ) | ||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
73,563,002 | (23,355,640 | ) | 45,170,197 | (17,789,217 | ) | 53,786,910 | (15,137,758 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
67,853,806 | (75,082,283 | ) | 53,223,459 | (38,203,901 | ) | 64,943,816 | (50,617,702 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(6,252,514 | ) | (6,316,346 | ) | (3,242,404 | ) | (3,290,596 | ) | (4,954,523 | ) | (4,219,124 | ) | ||||||||||||
| Total dividends |
(6,252,514 | ) | (6,316,346 | ) | (3,242,404 | ) | (3,290,596 | ) | (4,954,523 | ) | (4,219,124 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||||||||||||||
| Net proceeds from sale of shares |
97,666,183 | 119,876,634 | 60,079,949 | 66,272,249 | 71,158,842 | 47,165,978 | ||||||||||||||||||
| Cost of shares redeemed |
(73,267,291 | ) | (100,406,482 | ) | (53,595,618 | ) | (50,320,867 | ) | (49,793,228 | ) | — | |||||||||||||
| Net increase in net assets resulting from capital share transactions |
24,398,892 | 19,470,152 | 6,484,331 | 15,951,382 | 21,365,614 | 47,165,978 | ||||||||||||||||||
| Net Increase (Decrease) in Net Assets |
86,000,184 | (61,928,477 | ) | 56,465,386 | (25,543,115 | ) | 81,354,907 | (7,670,848 | ) | |||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 104,276,637 | $ | 166,205,114 | $ | 65,655,140 | $ | 91,198,255 | $ | 73,369,200 | $ | 81,040,048 | ||||||||||||
| End of year |
$ | 190,276,821 | $ | 104,276,637 | $ | 122,120,526 | $ | 65,655,140 | $ | 154,724,107 | $ | 73,369,200 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 310,225 | $ | 188,938 | $ | 194,523 | $ | 75,632 | $ | 269,407 | $ | 239,538 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
3,900,000 | 3,250,000 | 2,450,000 | 1,900,000 | 3,050,000 | 1,750,000 | ||||||||||||||||||
| Shares created |
2,400,000 | 2,900,000 | 1,600,000 | 1,700,000 | 1,950,000 | 1,300,000 | ||||||||||||||||||
| Shares redeemed |
(1,850,000 | ) | (2,250,000 | ) | (1,400,000 | ) | (1,150,000 | ) | (1,350,000 | ) | — | |||||||||||||
| Shares outstanding, end of year |
4,450,000 | 3,900,000 | 2,650,000 | 2,450,000 | 3,650,000 | 3,050,000 | ||||||||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Dividend Top 100 Fund through May 7, 2009 and the investment objective and strategy of the WisdomTree Dividend ex-Financials Fund thereafter. |
See Notes to Financial Statements.
| 50 | WisdomTree Domestic Dividend Funds |
Table of Contents
WisdomTree Domestic Dividend Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Total Dividend Fund | For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Period through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 29.26 | $ | 51.81 | $ | 57.87 | $ | 50.32 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.14 | 1.54 | 1.68 | 1.18 | ||||||||||||
| Net realized and unrealized gain (loss) |
13.61 | (22.56 | ) | (6.04 | ) | 7.28 | ||||||||||
| Total from investment operations |
14.75 | (21.02 | ) | (4.36 | ) | 8.46 | ||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(1.12 | ) | (1.53 | ) | (1.68 | ) | (0.91 | ) | ||||||||
| Capital gains |
— | — | (0.02 | ) | — | |||||||||||
| Total dividends and distributions to shareholders |
(1.12 | ) | (1.53 | ) | (1.70 | ) | (0.91 | ) | ||||||||
| Net asset value, end of period |
$ | 42.89 | $ | 29.26 | $ | 51.81 | $ | 57.87 | ||||||||
| TOTAL RETURN2 |
50.83 | % | (41.29 | )% | (7.77 | )% | 16.84 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 132,971 | $ | 84,844 | $ | 88,071 | $ | 89,698 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.28 | % | 0.28 | % | 0.28 | % | 0.28 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.28 | % | 0.28 | % | 0.28 | % | 0.31 | %3 | ||||||||
| Net investment income |
3.01 | % | 3.91 | % | 2.89 | % | 2.76 | %3 | ||||||||
| Portfolio turnover rate4 |
16 | % | 23 | % | 10 | % | 12 | % | ||||||||
| WisdomTree Equity Income Fund | For the Year Ended |
For the Year Ended |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 22.98 | $ | 47.81 | $ | 57.99 | $ | 50.01 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.17 | 1.95 | 2.22 | 1.56 | ||||||||||||
| Net realized and unrealized gain (loss) |
12.16 | (24.80 | ) | (10.19 | ) | 7.54 | ||||||||||
| Total from investment operations |
13.33 | (22.85 | ) | (7.97 | ) | 9.10 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.19 | ) | (1.98 | ) | (2.21 | ) | (1.12 | ) | ||||||||
| Total dividends to shareholders |
(1.19 | ) | (1.98 | ) | (2.21 | ) | (1.12 | ) | ||||||||
| Net asset value, end of period |
$ | 35.12 | $ | 22.98 | $ | 47.81 | $ | 57.99 | ||||||||
| TOTAL RETURN2 |
58.47 | % | (49.06 | )% | (14.18 | )% | 18.23 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 122,907 | $ | 101,091 | $ | 138,659 | $ | 205,874 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | % | 0.40 | %3 | ||||||||
| Net investment income |
3.72 | % | 5.59 | % | 3.88 | % | 3.68 | %3 | ||||||||
| Portfolio turnover rate4 |
25 | % | 45 | % | 19 | % | 11 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 51 |
Table of Contents
Financial Highlights
WisdomTree Domestic Dividend Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree LargeCap Dividend Fund | For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 29.86 | $ | 52.71 | $ | 57.97 | $ | 50.34 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.10 | 1.51 | 1.60 | 1.11 | ||||||||||||
| Net realized and unrealized gain (loss) |
12.69 | (22.91 | ) | (5.21 | ) | 7.32 | ||||||||||
| Total from investment operations |
13.79 | (21.40 | ) | (3.61 | ) | 8.43 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.09 | ) | (1.45 | ) | (1.65 | ) | (0.80 | ) | ||||||||
| Total dividends to shareholders |
(1.09 | ) | (1.45 | ) | (1.65 | ) | (0.80 | ) | ||||||||
| Net asset value, end of period |
$ | 42.56 | $ | 29.86 | $ | 52.71 | $ | 57.97 | ||||||||
| TOTAL RETURN2 |
46.53 | % | (41.25 | )% | (6.47 | )% | 16.77 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 412,809 | $ | 294,135 | $ | 308,379 | $ | 333,339 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.28 | % | 0.28 | % | 0.28 | % | 0.28 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.28 | % | 0.28 | % | 0.28 | % | 0.29 | %3 | ||||||||
| Net investment income |
2.89 | % | 3.78 | % | 2.74 | % | 2.65 | %3 | ||||||||
| Portfolio turnover rate4 |
17 | % | 25 | % | 8 | % | 13 | % | ||||||||
| WisdomTree Dividend ex-Financials Fund | For the Year Ended |
For the Year Ended |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 26.74 | $ | 51.14 | $ | 59.69 | $ | 50.12 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.60 | 1.81 | 2.10 | 1.40 | ||||||||||||
| Net realized and unrealized gain (loss) |
16.01 | (24.34 | ) | (8.56 | ) | 9.09 | ||||||||||
| Total from investment operations |
17.61 | (22.53 | ) | (6.46 | ) | 10.49 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.59 | ) | (1.87 | ) | (2.09 | ) | (0.92 | ) | ||||||||
| Total dividends to shareholders |
(1.59 | ) | (1.87 | ) | (2.09 | ) | (0.92 | ) | ||||||||
| Net asset value, end of period |
$ | 42.76 | $ | 26.74 | $ | 51.14 | $ | 59.69 | ||||||||
| TOTAL RETURN2 |
66.66 | % | (45.10 | )% | (11.15 | )% | 20.99 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 190,277 | $ | 104,277 | $ | 166,205 | $ | 188,009 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | % | 0.40 | %3 | ||||||||
| Net investment income |
4.32 | % | 4.57 | % | 3.57 | % | 3.29 | %3 | ||||||||
| Portfolio turnover rate4 |
57 | % | 53 | % | 16 | % | 21 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 52 | WisdomTree Domestic Dividend Funds |
Table of Contents
Financial Highlights
WisdomTree Domestic Dividend Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree MidCap Dividend Fund | For the Year Ended |
For the Year Ended |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 26.80 | $ | 48.00 | $ | 58.02 | $ | 50.21 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.29 | 1.63 | 1.88 | 1.45 | ||||||||||||
| Net realized and unrealized gain (loss) |
19.22 | (21.16 | ) | (10.12 | ) | 7.41 | ||||||||||
| Total from investment operations |
20.51 | (19.53 | ) | (8.24 | ) | 8.86 | ||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(1.23 | ) | (1.67 | ) | (1.78 | ) | (1.04 | ) | ||||||||
| Capital gains |
— | — | — | (0.01 | ) | |||||||||||
| Total dividends and distributions to shareholders |
(1.23 | ) | (1.67 | ) | (1.78 | ) | (1.05 | ) | ||||||||
| Net asset value, end of period |
$ | 46.08 | $ | 26.80 | $ | 48.00 | $ | 58.02 | ||||||||
| TOTAL RETURN2 |
77.34 | % | (41.61 | )% | (14.47 | )% | 17.71 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 122,121 | $ | 65,655 | $ | 91,198 | $ | 78,333 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | % | 0.43 | %3 | ||||||||
| Net investment income |
3.34 | % | 4.31 | % | 3.38 | % | 3.47 | %3 | ||||||||
| Portfolio turnover rate4 |
11 | % | 43 | % | 30 | % | 12 | % | ||||||||
| WisdomTree SmallCap Dividend Fund | For the Year Ended |
For the Year Ended |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 24.06 | $ | 46.31 | $ | 57.41 | $ | 50.24 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.49 | 1.85 | 2.13 | 1.79 | ||||||||||||
| Net realized and unrealized gain (loss) |
18.28 | (22.26 | ) | (11.10 | ) | 6.65 | ||||||||||
| Total from investment operations |
19.77 | (20.41 | ) | (8.97 | ) | 8.44 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.44 | ) | (1.84 | ) | (2.13 | ) | (1.27 | ) | ||||||||
| Total dividends to shareholders |
(1.44 | ) | (1.84 | ) | (2.13 | ) | (1.27 | ) | ||||||||
| Net asset value, end of period |
$ | 42.39 | $ | 24.06 | $ | 46.31 | $ | 57.41 | ||||||||
| TOTAL RETURN2 |
83.27 | % | (45.27 | )% | (15.93 | )% | 16.88 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 154,724 | $ | 73,369 | $ | 81,040 | $ | 111,948 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | % | 0.42 | %3 | ||||||||
| Net investment income |
4.21 | % | 5.15 | % | 3.97 | % | 4.25 | %3 | ||||||||
| Portfolio turnover rate4 |
16 | % | 65 | % | 34 | % | 16 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 53 |
Table of Contents
March 31, 2010
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust pursuant to a Trust Instrument dated December 15, 2005. As of March 31, 2010, the Trust offered 42 investment funds (each a “Fund”, collectively, the “Funds”). The Funds, described herein, commenced operations on June 16, 2006.
These financial statements relate only to the WisdomTree Total Dividend Fund (“Total Dividend Fund”), WisdomTree Equity Income Fund (“Equity Income Fund”), WisdomTree LargeCap Dividend Fund (“LargeCap Dividend Fund”), WisdomTree Dividend ex-Financials Fund (“Dividend ex-Financials Fund”), WisdomTree MidCap Dividend Fund (“MidCap Dividend Fund”) and WisdomTree SmallCap Dividend Fund (“SmallCap Dividend Fund”), together the “Domestic Dividend Funds.”
Each Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“Wisdom Tree Investments”). Each Fund described herein is considered to be non-diversified.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) has become 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 Codification has superseded all existing non-SEC accounting and reporting standards.
Guarantees — 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 expect the risk of loss to be remote.
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 the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities 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 prices. Securities for which market quotations are not readily available are valued at fair value as determined by management and in accordance with procedures approved by the Board of Trustees. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
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 valued in accordance with the Fund’s pricing policy and procedures. 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). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be “fair valued.” 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. Transactions in Fund shares will be priced at NAV only if you purchase or redeem shares directly from a Fund in Creation Units, which are typically in blocks of 50,000 shares or more. Fund shares are purchased and sold on national securities exchanges at market prices, which may be higher or lower than NAV. Each Fund may invest in money market funds, which are valued at NAV.
Fair Value Measurement — GAAP provides guidance on fair value measurements. This standard defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosure about fair value measurements.
| 54 | WisdomTree Domestic Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
Various inputs are used in determining the value of the Fund’s investments. These inputs are 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)
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; (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 net asset value is computed and that may materially affect the value of the Fund’s investments).
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
The following is a summary of the inputs used as of March 31, 2010 in valuing the Fund’s assets carried at fair value:
| Total Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investment in Securities |
||||||||||||
| Common Stocks |
$ | 132,316,398 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 7,291,931 | — | |||||||||
| Total |
$ | 132,316,398 | $ | 7,291,931 | $ | — | ||||||
| Equity Income Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investment in Securities |
||||||||||||
| Common Stocks |
$ | 122,440,821 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 11,114,821 | — | |||||||||
| Total |
$ | 122,440,821 | $ | 11,114,821 | $ | — | ||||||
| LargeCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investment in Securities |
||||||||||||
| Common Stocks |
$ | 411,198,513 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 16,302,280 | — | |||||||||
| Total |
$ | 411,198,513 | $ | 16,302,280 | $ | — | ||||||
| Dividend ex-Financials Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investment in Securities |
||||||||||||
| Common Stocks |
$ | 189,523,661 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 15,131,239 | — | |||||||||
| Total |
$ | 189,523,661 | $ | 15,131,239 | $ | — | ||||||
| MidCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investment in Securities |
||||||||||||
| Common Stocks |
$ | 121,322,974 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 28,469,076 | — | |||||||||
| Total |
$ | 121,322,974 | $ | 28,469,076 | $ | — | ||||||
| SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investment in Securities |
||||||||||||
| Common Stocks |
$ | 153,859,588 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 36,120,095 | — | |||||||||
| Total |
$ | 153,859,588 | $ | 36,120,095 | $ | — | ||||||
| WisdomTree Domestic Dividend Funds | 55 |
Table of Contents
Notes to Financial Statements (continued)
In January 2010, FASB issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU 2010-06 will require reporting entities to make new disclosures about amounts and reasons for significant transfers in and out of Level 1 and Level 2 fair value measurements as well as inputs and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements that fall in either Level 2 or Level 3, and information on purchases, sales, issuances and settlements on a gross basis in the reconciliation of activity in Level 3 fair value measurements. The new and revised disclosures are required to be implemented for fiscal years beginning after December 15, 2009, except for the disclosures surrounding purchases, sales, issuances and settlements on a gross basis in the reconciliation of Level 3 fair value measurements, which are effective for fiscal years beginning after December 15, 2010. Management is currently evaluating the impact the adoption of ASU No. 2010-06 may have on the Fund’s financial statement disclosures.
Derivative and Hedging Disclosure — GAAP 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 application of this disclosure is effective for fiscal years beginning November 15, 2008 and interim periods within those fiscal years. The Funds did not invest in derivative instruments for the fiscal year ended March 31, 2010.
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 is recognized on the ex-dividend date. Interest income is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Expenses/Reimbursements — WisdomTree Asset Management (“WTAM”) has agreed to pay all expenses of the Funds, 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s chief compliance officer; (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.
Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of chief compliance officer (“CCO”) services to the Funds 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 service fee paid by each Fund of up to 0.0044% of each Fund’s average daily net assets. Trustees fees, which are included in Service Fees on the Statements of Operations, of $361,436 were paid on behalf of the Funds to the Independent Trustees for the fiscal year ended March 31, 2010.
Security Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Fund’s 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 collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. 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. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.
The securities lending income earned by the Funds is disclosed on the Statements of Operations.
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments in which a Fund may invest include short-term obligations issued by the U.S. Government, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
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. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any,
| 56 | WisdomTree Domestic Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
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 Federal income tax regulations which may differ from GAAP. 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, which exceed earnings and profit for tax purposes, are reported as a tax return of capital.
3. ADVISER FEES AND TRANSACTIONS
As investment adviser, WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM also arranges for sub-advisory, transfer agency, custody, fund administration, and all other non-distribution related services necessary for the Funds to operate. Under the Investment Advisory Agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s CCO, interest expenses and taxes, brokerage expenses and other expenses connected with the execution of portfolio transactions, any distribution fees or expenses, legal fees or expenses and extraordinary expenses.
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 in exchange for a fee of up to 0.0044%. As of October 1, 2009, WTAM provides CCO services to the Trust. The fees paid to WTAM for providing advisory services are listed below.
| Fund | Fee Rate | |||
| Total Dividend Fund |
0.28 | % | ||
| Equity Income Fund |
0.38 | % | ||
| LargeCap Dividend Fund |
0.28 | % | ||
| Dividend ex-Financials Fund |
0.38 | % | ||
| MidCap Dividend Fund |
0.38 | % | ||
| SmallCap Dividend Fund |
0.38 | % | ||
Each Fund may purchase shares of an affiliated exchange traded fund(s) in secondary market transactions. For the fiscal year ended March 31, 2010, there were no transactions in affiliated ETFs.
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2010, there was 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 designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying index 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 in-kind purchases and redemptions and short-term investments) for the fiscal year ended March 31, 2010 were as follows:
| Fund | Purchases | Sales | ||||||
| Total Dividend Fund |
$ | 26,726,298 | $ | 18,752,233 | ||||
| Equity Income Fund |
69,616,793 | 32,156,698 | ||||||
| LargeCap Dividend Fund |
86,152,923 | 64,318,289 | ||||||
| Dividend ex-Financials Fund |
127,740,179 | 82,487,307 | ||||||
| MidCap Dividend Fund |
45,352,101 | 11,127,806 | ||||||
| SmallCap Dividend Fund |
65,868,452 | 19,412,387 | ||||||
| WisdomTree Domestic Dividend Funds | 57 |
Table of Contents
Notes to Financial Statements (continued)
For the fiscal year ended March 31, 2010, the cost of in-kind purchases and the proceeds from in-kind redemptions were as follows:
| Fund | Purchases | Sales | ||||||
| Total Dividend Fund |
$ | 10,972,873 | $ | 12,059,745 | ||||
| Equity Income Fund |
8,493,702 | 74,813,247 | ||||||
| LargeCap Dividend Fund |
50,687,820 | 80,408,996 | ||||||
| Dividend ex-Financials Fund |
52,318,871 | 72,627,405 | ||||||
| MidCap Dividend Fund |
23,778,318 | 51,308,544 | ||||||
| SmallCap Dividend Fund |
24,553,994 | 48,995,908 | ||||||
Gains and losses on in-kind redemptions are not recognized at the Fund level for tax purposes.
6. FEDERAL INCOME TAXES
At March 31, 2010, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
| Fund | Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized Depreciation |
Net Unrealized Appreciation (Depreciation) |
||||||||||||
| Total Dividend Fund |
$ | 135,155,428 | $ | 10,743,189 | $ | (6,290,288 | ) | $ | 4,452,901 | |||||||
| Equity Income Fund* |
138,570,030 | 6,692,112 | (11,706,500 | ) | (5,014,388 | ) | ||||||||||
| LargeCap Dividend Fund |
421,855,968 | 26,475,807 | (20,830,982 | ) | 5,644,825 | |||||||||||
| Dividend ex-Financials Fund |
192,012,157 | 17,252,525 | (4,609,782 | ) | 12,642,743 | |||||||||||
| MidCap Dividend Fund |
142,902,194 | 11,711,738 | (4,821,882 | ) | 6,889,856 | |||||||||||
| SmallCap Dividend Fund* |
176,074,541 | 20,286,892 | (6,381,750 | ) | 13,905,142 | |||||||||||
At March 31, 2010, the components of accumulated earnings/loss on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income and Other Ordinary Losses |
Undistributed Capital and Other Gains/(Losses) |
Net Unrealized Appreciation (Depreciation) |
Total Accumulated Earnings/(Losses) |
||||||||||||
| Total Dividend Fund |
$ | 128,223 | $ | (27,064,337 | ) | $ | 4,452,901 | $ | (22,483,213 | ) | ||||||
| Equity Income Fund |
223,296 | (68,779,688 | ) | (5,014,388 | ) | (73,570,780 | ) | |||||||||
| LargeCap Dividend Fund |
356,417 | (82,028,530 | ) | 5,644,825 | (76,027,288 | ) | ||||||||||
| Dividend ex-Financials Fund |
310,225 | (80,792,197 | ) | 12,642,743 | (67,839,229 | ) | ||||||||||
| MidCap Dividend Fund |
194,523 | (30,263,308 | ) | 6,889,856 | (23,178,929 | ) | ||||||||||
| SmallCap Dividend Fund |
269,407 | (50,886,336 | ) | 13,905,142 | (36,711,787 | ) | ||||||||||
The tax character of distributions paid during the years ended March 31, 2010 and March 31, 2009, was as follows:
| Year Ended March 31, 2010 |
Year Ended March 31, 2009 |
|||||||
| Fund | Distributions Paid from Ordinary Income** |
Distributions Paid from Ordinary Income* |
||||||
| Total Dividend Fund |
$ | 3,446,970 | $ | 3,313,229 | ||||
| Equity Income Fund |
4,721,943 | 6,721,777 | ||||||
| LargeCap Dividend Fund |
10,722,974 | 10,899,807 | ||||||
| Dividend ex-Financials Fund |
6,252,514 | 6,316,346 | ||||||
| MidCap Dividend Fund |
3,242,404 | 3,290,596 | ||||||
| SmallCap Dividend Fund |
4,954,523 | 4,219,124 | ||||||
| * | The difference between book-basis and tax basis components of accumulated earnings/loss is attributable to tax refund receivable. |
| ** | Includes short-term capital gains. |
| 58 | WisdomTree Domestic Dividend Funds |
Table of Contents
Notes to Financial Statements (concluded)
At March 31, 2010, for Federal income tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
| Fund | Capital Loss Available Through 2015 |
Capital Loss Available Through 2016 |
Capital Loss Available Through 2017 |
Capital Loss Available Through 2018 |
Capital Loss Available Total |
|||||||||||||||
| Total Dividend Fund |
$ | — | $ | 410,492 | $ | 4,674,701 | $ | 11,073,078 | $ | 16,158,271 | ||||||||||
| Equity Income Fund |
4,934 | 1,261,567 | 9,481,659 | 36,880,803 | 47,628,963 | |||||||||||||||
| LargeCap Dividend Fund |
5,452 | 3,165,417 | 12,904,697 | 32,859,591 | 48,935,157 | |||||||||||||||
| Dividend ex-Financials Fund |
16,309 | 1,204,674 | 9,972,192 | 68,035,975 | 79,229,150 | |||||||||||||||
| MidCap Dividend Fund |
— | 517,017 | 7,127,052 | 16,904,294 | 24,548,363 | |||||||||||||||
| SmallCap Dividend Fund |
44,705 | 774,464 | 10,100,965 | 32,761,958 | 43,682,092 | |||||||||||||||
Capital losses incurred after October 31 (“post-October capital losses”) and within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.
During the year ended March 31, 2010, the following Funds incurred and will elect to defer net post-October losses as follows:
| Fund | Post-October Capital Losses |
|||
| Total Dividend Fund |
$ | (10,906,066 | ) | |
| Equity Income Fund |
(21,150,725 | ) | ||
| LargeCap Dividend Fund |
(33,093,373 | ) | ||
| Dividend ex-Financials Fund |
(1,563,047 | ) | ||
| MidCap Dividend Fund |
(5,714,945 | ) | ||
| SmallCap Dividend Fund |
(7,204,244 | ) | ||
At March 31, 2010, the effect of permanent book/tax reclassifications resulted in increases (decreases) to the components of net assets as follows:
| Fund | Undistributed Net Investment Income/(Loss) |
Accumulated Net Realized Gain/(Loss) |
Paid-in Capital | |||||||||
| Total Dividend Fund |
$ | (2,583 | ) | $ | (2,338,797 | ) | $ | 2,341,380 | ||||
| Equity Income Fund |
(5,812 | ) | (4,825,609 | ) | 4,831,421 | |||||||
| LargeCap Dividend Fund |
— | (7,512,866 | ) | 7,512,866 | ||||||||
| Dividend ex-Financials Fund |
— | (12,576,193 | ) | 12,576,193 | ||||||||
| MidCap Dividend Fund |
— | (10,961,560 | ) | 10,961,560 | ||||||||
| SmallCap Dividend Fund |
(50,746 | ) | (15,434,299 | ) | 15,485,045 | |||||||
These differences are primarily due to redemptions-in-kind and the tax treatment of income earned from investments in partnerships.
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, 2010, the Funds did not have any liabilities for unrecognized tax benefits. 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 U.S. Internal Revenue Service, New York, and various states. Generally, each of the tax years in the four year period ended March 31, 2010, remains subject to examination by taxing authorities.
7. SUBSEQUENT EVENT
In accordance with GAAP provisions, management of the Funds has evaluated the possibility of subsequent events existing in the Funds’ financial statements through the date the financial statements were issued. Management has determined that there are no material events that would require disclosure in the Funds’ financial statements.
| WisdomTree Domestic Dividend Funds | 59 |
Table of Contents
Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Total Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree Dividend ex-Financials Fund, WisdomTree MidCap Dividend Fund and WisdomTree SmallCap Dividend Fund (six of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2010, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, 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. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2010, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Total Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree Dividend ex-Financials Fund, WisdomTree MidCap Dividend Fund and WisdomTree SmallCap Dividend Fund of WisdomTree Trust at March 31, 2010, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the indicated periods, in conformity with U.S. generally accepted accounting principles.
New York, New York
May 26, 2010
| 60 | WisdomTree Domestic Dividend Funds |
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Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)
Approval of Investment Advisory Agreement. The Trust and the Investment Adviser have entered into an investment advisory agreement covering each Fund discussed herein. At a meeting held on March 19, 2010, the Board of Trustees re-approved the Investment Advisory Agreement for each Fund. The Board reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality and extent of the services to be provided to the Funds by WTAM; (ii) the performance of the Funds; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationship with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; (v) whether the fee levels reflect these economies of scale for the benefit of investors; and (vi) the fees charged by the Investment Adviser for non-registered funds.
The Board also considered the nature and quality of the services to be provided by WTAM to the Funds, recognizing WTAM’s operational capabilities and resources. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Adviser and oversight of the Sub-Adviser’s compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.
The Board gave substantial consideration to the fees payable under the Advisory Agreement. In this connection, the Board evaluated WTAM’s anticipated costs and profitability in serving as investment adviser to the Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Adviser. The Board also examined the fees to be paid by each Fund in light of fees paid to other investment managers by comparable funds and the method of computing each Fund’s fee. After comparing the fees with those of comparable funds and in light of the quality and extent of services to be provided and the costs anticipated to be incurred by WTAM, the Board concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable. The Board also re-approved the Sub-Advisory Agreement between WTAM and Mellon Capital Management (“MCM”), on behalf of each Fund, using essentially the same criteria it used in connection with the Advisory Agreement. The Board considered MCM’s operational capabilities and resources and MCM’s experience in serving as an adviser to ETFs, noting that MCM and Dreyfus currently provides investment advisory and management services to other ETFs. The Board considered the investment performance of the Funds, and the expertise and performance of the MCM personnel. The Board also noted that Bank of New York Mellon Corporation, an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian, transfer agent and securities lending agent and receives compensation for acting in these capacities and is responsible for, among other things, coordinating the Funds’ audits, financial statements and tax returns, managing expenses and budgeting for the Funds, processing trades on behalf of each Fund and custodying Fund assets. As such, the Board concluded that the benefits accruing to MCM and its affiliates by virtue of their relationship to the Trust are reasonable and fair in comparison with the anticipated costs of providing the relevant services. The Board noted that WTAM, not the Funds, pays the fees to MCM under the Sub-Advisory Agreement for each Fund.
Based on these considerations and the overall high quality of the personnel, operations, financial condition, investment advisory capabilities, methodologies, and performance of WTAM and MCM, the Board determined that the re-approval of the Advisory Agreements and the Sub-Advisory Agreements was in the best interests of each Fund. After full consideration of these and other factors, the Board, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Advisory Agreements and Sub-Advisory Agreements.
| WisdomTree Domestic Dividend Funds | 61 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net asset value (“NAV”) of each Fund and the market trading price of shares of each Fund. For these purposes, the “market price” is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. The term “premium” is sometimes used to describe a market price in excess of NAV and the term “discount” is sometimes used to describe a market price below NAV. The chart presents information about the size and frequency of premiums or discounts. As with other exchange traded funds, the market price of Fund shares is typically slightly higher or lower than the Fund’s per share NAV. Factors that contribute to the differences between market price and NAV include the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Differences between the closing times of the U.S. and non-U.S. markets may contribute to differences between the NAV and market price of Funds that invest in non-U.S. securities. Many non-U.S. markets close prior to the close of the U.S. securities exchanges. Developments after the close of such markets as a result of ongoing price discovery may be reflected in a Fund’s market price but not in it’s NAV (or vice versa).
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree Total Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 418 | 41.17 | % | 542 | 53.40 | % | |||||||||||||
| 25 – 49.9 | 23 | 2.27 | % | 12 | 1.18 | % | ||||||||||||||
| 50 – 74.9 | 6 | 0.59 | % | 5 | 0.49 | % | ||||||||||||||
| 75 – 99.9 | 3 | 0.30 | % | 0 | 0.00 | % | ||||||||||||||
| 100 – 124.9 | 1 | 0.10 | % | 1 | 0.10 | % | ||||||||||||||
| 125 – 174.9 | 1 | 0.10 | % | 0 | 0.00 | % | ||||||||||||||
| 175 – 199.9 | 2 | 0.20 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| >250 | 1 | 0.10 | % | 0 | 0.00 | % | ||||||||||||||
| Total | 455 | 44.83 | % | 560 | 55.17 | % | ||||||||||||||
| WisdomTree Equity Income Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 383 | 37.72 | % | 566 | 55.76 | % | |||||||||||||
| 25 – 49.9 | 29 | 2.86 | % | 13 | 1.28 | % | ||||||||||||||
| 50 – 74.9 | 5 | 0.49 | % | 5 | 0.49 | % | ||||||||||||||
| 75 – 99.9 | 2 | 0.20 | % | 1 | 0.10 | % | ||||||||||||||
| 100 – 124.9 | 2 | 0.20 | % | 1 | 0.10 | % | ||||||||||||||
| 125 – 174.9 | 3 | 0.30 | % | 1 | 0.10 | % | ||||||||||||||
| 175 – 199.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 0 | 0.00 | % | 1 | 0.10 | % | ||||||||||||||
| >250 | 2 | 0.20 | % | 1 | 0.10 | % | ||||||||||||||
| Total | 426 | 41.97 | % | 589 | 58.03 | % | ||||||||||||||
| WisdomTree LargeCap Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 505 | 49.75 | % | 417 | 41.08 | % | |||||||||||||
| 25 – 49.9 | 42 | 4.14 | % | 17 | 1.67 | % | ||||||||||||||
| 50 – 74.9 | 18 | 1.77 | % | 2 | 0.20 | % | ||||||||||||||
| 75 – 99.9 | 2 | 0.20 | % | 0 | 0.00 | % | ||||||||||||||
| 100 – 124.9 | 2 | 0.20 | % | 0 | 0.00 | % | ||||||||||||||
| 125 – 174.9 | 1 | 0.10 | % | 1 | 0.10 | % | ||||||||||||||
| 175 – 199.9 | 1 | 0.10 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| >250 | 5 | 0.49 | % | 2 | 0.20 | % | ||||||||||||||
| Total | 576 | 56.75 | % | 439 | 43.25 | % | ||||||||||||||
| 62 | WisdomTree Domestic Dividend Funds |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited)(concluded)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree Dividend ex-Financials Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 465 | 45.81 | % | 460 | 45.31 | % | |||||||||||||
| 25 – 49.9 | 47 | 4.63 | % | 18 | 1.77 | % | ||||||||||||||
| 50 – 74.9 | 4 | 0.39 | % | 2 | 0.20 | % | ||||||||||||||
| 75 – 99.9 | 3 | 0.30 | % | 2 | 0.20 | % | ||||||||||||||
| 100 – 124.9 | 2 | 0.20 | % | 1 | 0.10 | % | ||||||||||||||
| 125 – 174.9 | 1 | 0.10 | % | 1 | 0.10 | % | ||||||||||||||
| 175 – 199.9 | 1 | 0.10 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 4 | 0.39 | % | 1 | 0.10 | % | ||||||||||||||
| >250 | 2 | 0.20 | % | 1 | 0.10 | % | ||||||||||||||
| Total | 529 | 52.12 | % | 486 | 47.88 | % | ||||||||||||||
| WisdomTree MidCap Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 468 | 46.10 | % | 476 | 46.90 | % | |||||||||||||
| 25 – 49.9 | 20 | 1.97 | % | 18 | 1.77 | % | ||||||||||||||
| 50 – 74.9 | 8 | 0.79 | % | 4 | 0.39 | % | ||||||||||||||
| 75 – 99.9 | 2 | 0.20 | % | 4 | 0.39 | % | ||||||||||||||
| 100 – 124.9 | 2 | 0.20 | % | 3 | 0.30 | % | ||||||||||||||
| 125 – 174.9 | 2 | 0.20 | % | 1 | 0.10 | % | ||||||||||||||
| 175 – 199.9 | 2 | 0.20 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 4 | 0.39 | % | 0 | 0.00 | % | ||||||||||||||
| >250 | 1 | 0.10 | % | 0 | 0.00 | % | ||||||||||||||
| Total | 509 | 50.15 | % | 506 | 49.85 | % | ||||||||||||||
| WisdomTree SmallCap Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 434 | 42.75 | % | 444 | 43.73 | % | |||||||||||||
| 25 – 49.9 | 50 | 4.92 | % | 48 | 4.73 | % | ||||||||||||||
| 50 – 74.9 | 12 | 1.18 | % | 6 | 0.59 | % | ||||||||||||||
| 75 – 99.9 | 2 | 0.20 | % | 2 | 0.20 | % | ||||||||||||||
| 100 – 124.9 | 3 | 0.30 | % | 2 | 0.20 | % | ||||||||||||||
| 125 – 174.9 | 3 | 0.30 | % | 2 | 0.20 | % | ||||||||||||||
| 175 – 199.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 1 | 0.10 | % | 1 | 0.10 | % | ||||||||||||||
| >250 | 3 | 0.30 | % | 2 | 0.20 | % | ||||||||||||||
| Total | 508 | 50.05 | % | 507 | 49.95 | % | ||||||||||||||
| * | Basis point (bps), is a unit that is equal to 1/100th of 1%. |
| WisdomTree Domestic Dividend Funds | 63 |
Table of Contents
Trustee and Officer Information (unaudited)
The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WisdomTree Asset Management and other service providers. 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., 380 Madison Avenue, 21st Floor, New York, NY 10017.
Interested Trustee and Officers
| Name (year of birth) |
Position |
Term of Office |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ |
Other Directorships Held by Trustee/ Officer | |||||||
| Jonathan Steinberg (1964) |
Trustee, President* | Trustee and Officer since 2005 |
President, WisdomTree Trust since 2005; Chief Executive Officer of WisdomTree Investments, Inc. and Director of WisdomTree Investments, Inc. since 1989. | 42 | None. | |||||||
| Amit Muni (1969) |
Treasurer,* Assistant Secretary* | Officer since 2008 |
Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. since March 2008; International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer from 2003 to 2008. | 42 | None. | |||||||
| Richard Morris (1967) |
Secretary,* Chief Legal Officer* |
Officer since 2005 |
General Counsel of WisdomTree Asset Management since 2009; Deputy Counsel of WisdomTree Investments, Inc. since 2005; Senior Counsel at Barclays Global Investors, N.A. from 2002 to 2005. | 42 | None. | |||||||
| + | As of March 31, 2010. |
| * | Elected by and serves at the pleasure of the Board of Trustees. |
| 64 | WisdomTree Domestic Dividend Funds |
Table of Contents
Trustee and Officer Information (unaudited) (concluded)
Independent Trustees
| Name (year of birth) |
Position |
Term of Office |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee+ |
Other Held by Trustee | |||||||
| Gregory Barton (1961)* |
Trustee | Trustee since 2006 |
Executive Vice President of Business and Legal Affairs, General Counsel and Secretary of TheStreet.com, 2009 to present; General Counsel of Martha Stewart Living Omnimedia, Inc. from 2007 to 2008; Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2004 to 2007; Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2002 to 2004; President from 2001 to 2002, Chief Financial Officer from 2000 to 2002, Vice President of Business Development from 1999 to 2001 and General Counsel and Secretary from 1998 to 2002 of WisdomTree Investments, Inc. | 42 | None. | |||||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 |
Dean Emerita at University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 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. | 42 | None. | |||||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees | Trustee since 2006 |
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 1991 to 2004. | 42 | Trustee on Board of Trustees of Naismith Memorial Basketball Hall of Fame; Member of the Board of Overseers of Stanford University’s Hoover Institution. | |||||||
| + | As of March 31, 2010. |
| * | Chair of the Audit Committee. |
| ** | Chair of the Governance and Nominating Committee. |
| WisdomTree Domestic Dividend Funds | 65 |
Table of Contents
Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds fiscal year ended March 31, 2010, 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 on Form 1099-DIV in January 2011.
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, 2010, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income |
|||
| Total Dividend Fund |
$ | 3,379,547 | ||
| Equity Income Fund |
4,515,370 | |||
| LargeCap Dividend Fund |
10,722,974 | |||
| Dividend ex-Financials Fund |
6,237,772 | |||
| MidCap Dividend Fund |
2,453,253 | |||
| SmallCap Dividend Fund |
3,049,931 | |||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2010 that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends- Received Deduction |
|||
| Total Dividend Fund |
98.04 | % | ||
| Equity Income Fund |
95.64 | |||
| LargeCap Dividend Fund |
100.00 | |||
| Dividend ex-Financials Fund |
99.83 | |||
| MidCap Dividend Fund |
75.68 | |||
| SmallCap Dividend Fund |
61.65 | |||
| 66 | WisdomTree Domestic Dividend Funds |
Table of Contents
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained by calling 866-909-9473; or writing to: WisdomTree Trust, c/o ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203.
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 Securities and Exchange Commission (“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 866-909-9473 or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, upon request on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE. You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330). (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102 or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The Fund’s 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.
| WisdomTree Domestic Dividend Funds | 67 |
Table of Contents
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols as of March 31, 2010:
| WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA Equity Income Fund (DTH)
WisdomTree Global Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree World ex-U.S. Growth Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Emerging Markets Equity Income Fund (DEM)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree International Hedged Equity Fund (HEDJ) |
WisdomTree International Dividend Sector Funds
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree International Real Estate Fund (DRW)
WisdomTree Domestic and International Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargerCap Value Fund (EZY)
WisdomTree LargeCap Growth Fund (ROI)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Income Funds
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Emerging Currency Fund (CEW)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Japanese Yen Fund (JYF)
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)
WisdomTree Dreyfus South African Rand Fund (SZR) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission (“SEC”) as series of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, or 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 can not invest directly in an index.
There are risks associated with investing including possible loss of principal. In addition to the normal risks of investing, 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 increase the impact of events and developments associated with the region which can adversely affect performance. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility. Investments in emerging frontier markets are generally less liquid and less efficient than developed markets. Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk and the effect of varied economic conditions. Derivatives can be volatile and may be less liquid than other securities. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting issuers. Unlike typical exchange-traded funds, there are no indexes that the currency funds attempt to track or replicate. Thus, the ability of the currency Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Please read the Funds’ prospectus for specific details regarding each 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 in large amounts of 50,000 shares or more.
Table of Contents
380 Madison Avenue, 21st Floor
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WisdomTree Domestic Dividend ETFs
WisdomTree Total Dividend Fund
WisdomTree Equity Income Fund
WisdomTree LargeCap Dividend Fund
WisdomTree Dividend ex-Financials Fund
WisdomTree MidCap Dividend Fund
WisdomTree SmallCap Dividend Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS002526 (05/2011)
Table of Contents
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Domestic and International Earnings Funds
Annual Report
March 31, 2010
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree LargeCap Growth Fund (ROI)
WisdomTree India Earnings Fund (EPI)
Table of Contents
| Management’s Discussion of Funds’ Performance (unaudited) |
2 | |||
| 4 | ||||
| 13 | ||||
| Schedules of Investments | ||||
| 15 | ||||
| 27 | ||||
| 34 | ||||
| 41 | ||||
| 50 | ||||
| 55 | ||||
| WisdomTree India Earnings Fund (consolidated) |
59 | |||
| 62 | ||||
| 63 | ||||
| 64 | ||||
| 67 | ||||
| 72 | ||||
| 79 | ||||
| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
80 | |||
| 81 | ||||
| 83 | ||||
| 85 | ||||
| 86 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the Trust.
1
Table of Contents
Management’s Discussion of Funds’ Performance (unaudited)
Domestic and International Earnings Funds
The U.S. equity market, measured by the Russell 3000 Index, S&P 500 Index, and Dow Jones Industrial Average, all popular benchmarks for the broad U.S. equity markets, rallied between 47% and 53% for the 12 month period ended March 31, 2010 (the “period”). These 12-month gains in stock prices came close to erasing the significant declines in those same benchmarks that ranged from 36% to 38% for the 12 months ended March 31, 2009. The broad market averages are now showing cumulative losses of 5-7% over the prior 24-months.
In the depths of the bear market that occurred in March 2009, investors were panicking about the safety of major financial institutions and those fears spread throughout the entire economy. At the close of the Funds’ fiscal year end in March 2010, the concerns about a financial meltdown have largely been largely taken off the table, though significant worries about the health of the economy remain. The Federal Reserve, led by Chairman Benjamin Bernanke, instituted a series of emergency lending programs that have restored confidence in the financial system, jump started bank lending, and lowered the interest rates for consumers and businesses. These extraordinary measures included, but were not limited to, “quantitative easing” policies to keep long-term bond and mortgage rates low and the lowering of the Federal Funds target interest rate to a historically low level — near zero. In addition to the easy monetary policies and all the special Federal Reserve programs designed to restore confidence in the financial system, substantial fiscal policy support measures for the economy were enacted by newly elected President Barack Obama, who assumed office in January 2009. While the U.S. unemployment rate, a lagging economic indicator, remained stubbornly high at 9.7% in March 2010, consumer and investor confidence generally rose throughout the period.
| TICKER | WISDOMTREE FUND | 1 YEAR RETURN |
CAPITALIZATION-WEIGHTED BENCHMARK INDEX |
1 YEAR RETURN |
1 YEAR RETURN FUND vs INDEX |
|||||||||||
| EPI |
WisdomTree India Earnings Fund | 112.11 | % | MSCI India Index | 115.88 | % | -3.77 | % | ||||||||
| EES |
WisdomTree SmallCap Earnings Fund | 91.88 | % | Russell 2000 Index | 62.76 | % | 29.12 | % | ||||||||
| EZM |
WisdomTree MidCap Earnings Fund | 82.49 | % | S&P MidCap 400 Index | 64.07 | % | 18.42 | % | ||||||||
| EZY |
WisdomTree LargeCap Value Fund | 55.57 | % | Russell 1000 Value Index | 53.56 | % | 2.01 | % | ||||||||
| EXT |
WisdomTree Total Earnings Fund | 53.82 | % | Russell 3000 Index | 52.44 | % | 1.38 | % | ||||||||
| EPS |
WisdomTree Earnings 500 Fund | 49.49 | % | S&P 500 Index | 49.77 | % | -0.28 | % | ||||||||
| ROI |
WisdomTree LargeCap Growth Fund | 37.46 | % | Russell 1000 Growth Index | 49.75 | % | -12.29 | % | ||||||||
As with the downturn, in which small cap stocks led the broader markets on the way down during the year ended March 31, 2009, small cap stocks led the markets higher during the year ended March 31, 2010. The perceived tendency of small cap stocks to outperform larger capitalization companies during the initial recovery phases of a bull market and their relative underperformance in recessions and bear markets is tied to many investors’ views that small cap stocks are more sensitive to the changing economic conditions than large capitalization stocks. This general tendency was played out during the period as many small cap stocks saw significant relative gains.
The WisdomTree Total Earnings Fund (EXT) performed better than its corresponding cap-weighted index over the period. However, this was not as significant as the relative outperformance of the WisdomTree mid- and small-cap earnings Funds against their corresponding capitalization-weighted indexes.
WisdomTree’s earnings weighted funds are designed to track indexes based on the earnings stream generated by companies included in the underlying WisdomTree index. There are two primary factors that drive performance differential versus market cap-weighted benchmarks: aggregate exposure to a sector and stock selection within a sector, both of which are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather they are objectively determined at the re-balancing dates based on the earnings stream.
| 2 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Management’s Discussion of Funds’ Performance (unaudited) (concluded)
For the Total Earnings Fund (EXT) and the Earnings 500 Fund (EPS) better stock selection in the materials and health care sectors impacted returns positively, while higher exposure to the energy sector, which under-performed the market, was a negative factor.
In the SmallCap Earnings Fund (EES) three sectors with significant positive performance were given above average weight as a result of our rules-based index methodology: consumer discretionary, energy, and materials sectors. These sectors helped drive the significant performance differential of EES over its cap-weighted benchmark.
Internationally, India is the only region of the world where WisdomTree sets portfolio weights based on earnings. This is because the tax regulations in India act as a disincentive to dividend payments. During the period, emerging markets led the global economy and financial markets higher, and India was one of the best performing countries in the world. The WisdomTree India Earnings Fund (EPI) was up over 110%, led by sectors such as the consumer discretionary sector.
The views expressed in this report reflect those of WisdomTree Asset Management only through the end of the period of the report as stated on the cover. The portfolio managers’ views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Past performance is no guarantee of future results.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 12 for the list of index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore index returns do not reflect deductions for fees or expenses and are 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 that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month end performance information visit www.wisdomtree.com.
| WisdomTree Domestic and International Earnings Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Total Earnings Fund (EXT)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Exxon Mobil Corp. |
3.5% | |||
| Wal-Mart Stores, Inc. |
2.5% | |||
| Microsoft Corp. |
2.3% | |||
| General Electric Co. |
2.1% | |||
| Johnson & Johnson |
2.0% | |||
| Berkshire Hathaway, Inc. Class B |
1.9% | |||
| International Business Machines Corp. |
1.7% | |||
| Chevron Corp. |
1.7% | |||
| Procter & Gamble Co. (The) |
1.7% | |||
| Pfizer, Inc. |
1.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Total Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Earnings Index.
The WisdomTree Total Earnings Fund (Ticker Symbol: EXT) returned 53.82% at net asset value (“NAV”) for the fiscal year ending March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweighted position to Materials, which had above average returns and had a notable contribution to positive Fund performance. Energy stocks had below average returns and an overweight position in the sector contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.28%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Earnings Index |
Russell 3000 Index | |||||||||||||
| One Year |
53.82 | % | 52.96 | % | 54.37 | % | 52.44 | % | ||||||||
| Three Year |
-3.40 | % | -3.53 | % | -3.22 | % | -3.99 | % | ||||||||
| Since Inception1 |
-3.85 | % | -3.99 | % | -3.68 | % | -4.52 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 4 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Earnings 500 Fund (EPS)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Exxon Mobil Corp. |
4.0% | |||
| Wal-Mart Stores, Inc. |
2.8% | |||
| Microsoft Corp. |
2.6% | |||
| General Electric Co. |
2.3% | |||
| Johnson & Johnson |
2.3% | |||
| Berkshire Hathaway, Inc. Class B |
2.2% | |||
| International Business Machines Corp. |
2.0% | |||
| Chevron Corp. |
1.9% | |||
| Procter & Gamble Co. (The) |
1.9% | |||
| Pfizer, 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. |
The WisdomTree Earnings 500 Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Earnings 500 Index.
The WisdomTree Earnings 500 Fund (Ticker Symbol: EPS) returned 49.49% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to Health Care, which had below average returns. This underweighting had a notable contribution to positive Fund performance. Energy stocks had below average returns and an overweight position in the sector contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.28%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Earnings 500 Index |
S&P 500 Index | |||||||||||||
| One Year |
49.49 | % | 48.95 | % | 50.18 | % | 49.77 | % | ||||||||
| Three Year |
-3.97 | % | -4.11 | % | -3.66 | % | -4.17 | % | ||||||||
| Since Inception1 |
-4.37 | % | -4.49 | % | -4.06 | % | -4.63 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic and International Earnings Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree MidCap Earnings Fund (EZM)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| OSI Pharmaceuticals, Inc. |
1.7% | |||
| Huntsman Corp. |
1.3% | |||
| Tidewater, Inc. |
0.7% | |||
| Omnicare, Inc. |
0.7% | |||
| Universal Health Services, Inc. Class B |
0.6% | |||
| Kinetic Concepts, Inc. |
0.6% | |||
| Patriot Coal Corp. |
0.6% | |||
| Cubist Pharmaceuticals, Inc. |
0.6% | |||
| Southern Union Co. |
0.6% | |||
| StanCorp Financial Group, Inc. |
0.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree MidCap Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree MidCap Earnings Index.
The WisdomTree MidCap Earnings Fund (Ticker Symbol: EZM) returned 82.49% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Midcap companies generally performed well throughout the period and every sector contributed positively to returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree MidCap Earnings Index |
S&P MidCap 400 Index |
|||||||||||||
| One Year |
82.49 | % | 81.91 | % | 83.85 | % | 64.07 | % | ||||||||
| Three Year |
0.31 | % | 0.19 | % | 0.36 | % | -0.83 | % | ||||||||
| Since Inception1 |
-0.47 | % | -0.51 | % | -0.40 | % | -1.47 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 6 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree SmallCap Earnings Fund (EES)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| MBIA, Inc. |
2.2% | |||
| First Financial Bancorp |
1.5% | |||
| Innophos Holdings, Inc. |
0.8% | |||
| Deluxe Corp. |
0.8% | |||
| Amtrust Financial Services, Inc. |
0.8% | |||
| Buckeye Technologies, Inc. |
0.7% | |||
| Sun Healthcare Group, Inc. |
0.7% | |||
| Cincinnati Bell, Inc. |
0.7% | |||
| Domino’s Pizza, Inc. |
0.6% | |||
| BlackRock Kelso Capital Corp. |
0.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree SmallCap Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings Index.
The WisdomTree SmallCap Earnings Fund (Ticker Symbol: EES) returned 91.88% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). Every sector contributed positively to returns. Overweight positions in Energy and Materials resulted in significant contributions to positive Fund performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree SmallCap Earnings Index |
Russell 2000 Index | |||||||||||||
| One Year |
91.88 | % | 90.93 | % | 92.79 | % | 62.76 | % | ||||||||
| Three Year |
-1.51 | % | -1.54 | % | -1.64 | % | -3.99 | % | ||||||||
| Since Inception1 |
-2.73 | % | -2.80 | % | -2.83 | % | -4.80 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic and International Earnings Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree LargeCap Value Fund (EZY)
(Formerly, WisdomTree Low P/E Fund)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Chevron Corp. |
9.3% | |||
| ConocoPhillips |
7.5% | |||
| Time Warner, Inc. |
6.8% | |||
| Hewlett-Packard Co. |
5.2% | |||
| Wal-Mart Stores, Inc. |
5.1% | |||
| Verizon Communications, Inc. |
2.9% | |||
| UnitedHealth Group, Inc. |
2.3% | |||
| Marathon Oil Corp. |
2.2% | |||
| Home Depot, Inc. |
1.7% | |||
| WellPoint, Inc. |
1.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree LargeCap Value Fund seeks investment results that correspond to the price and yield performance before fees and expenses, of the WisdomTree LargeCap Value Index. The LargeCap Value Index is a fundamentally weighted index that measures the performance of large-cap value companies. The Index consists of U.S. companies that have positive cumulative earnings over the past four fiscal quarters and that meet WisdomTree’s market capitalization, liquidity, and other requirements as of the Index measurement date. Effective June 19, 2009, the WisdomTree Low P/E Fund changed its investment objective and was renamed the WisdomTree LargeCap Value Fund.
The WisdomTree LargeCap Value Fund (Ticker Symbol: EZY) returned 55.57% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to Health Care, which had below average returns. This underweighting had a notable contribution to positive Fund performance. An underweight position in Financials, which outperformed, contributed to a drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
Spliced Wisdom
Tree Index1 |
Russell 1000 Value Index |
|||||||||||||
| One Year |
55.57 | % | 54.94 | % | 56.49 | % | 53.56 | % | ||||||||
| Three Year |
-6.94 | % | -7.04 | % | -6.66 | % | -7.33 | % | ||||||||
| Since Inception2 |
-7.24 | % | -7.31 | % | -6.98 | % | -7.49 | % | ||||||||
| 1 | WisdomTree Low P/E Index through June 19, 2009; WisdomTree LargeCap Value Index thereafter. |
| 2 | Total returns are calculated based on the commencement of Fund trading on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 8 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree LargeCap Growth Fund (ROI)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Exxon Mobil Corp. |
14.3% | |||
| Chevron Corp. |
9.5% | |||
| Wal-Mart Stores, Inc. |
5.3% | |||
| Occidental Petroleum Corp. |
3.7% | |||
| Apple, Inc. |
3.4% | |||
| Oracle Corp. |
2.9% | |||
| Abbott Laboratories |
2.3% | |||
| Google, Inc. Class A |
2.3% | |||
| Amgen, Inc. |
2.2% | |||
| Anadarko Petroleum Corp. |
2.1% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree LargeCap Growth Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Growth Index.
The WisdomTree LargeCap Growth Fund (Ticker Symbol: ROI) returned 37.46% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to Health Care, which had below average returns. This underweighting had a notable contribution to positive Fund performance. Energy stocks had below average returns and an overweight position in the sector contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree LargeCap Growth Index |
Russell 1000 Growth Index |
|||||||||||||
| One Year |
37.46 | % | 36.94 | % | 38.39 | % | 49.75 | % | ||||||||
| Since Inception1 |
30.66 | % | 30.37 | % | 31.37 | % | 40.17 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on December 4, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic and International Earnings Funds | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree India Earnings Fund (EPI)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Reliance Industries Ltd. |
10.9% | |||
| Infosys Technologies Ltd. |
8.1% | |||
| Oil & Natural Gas Corp., Ltd. |
6.3% | |||
| State Bank of India Ltd. |
3.2% | |||
| ICICI Bank Ltd. |
2.8% | |||
| Bharti Airtel Ltd. |
2.8% | |||
| Housing Development Finance Corp. |
2.6% | |||
| Tata Consultancy Services Ltd. |
2.4% | |||
| Sesa Goa Ltd. |
2.2% | |||
| Tata Steel 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. |
The WisdomTree India Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index.
The WisdomTree India Earnings Fund (Ticker Symbol: EPI) returned 112.11% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). Consumer Staples and Industrials had notable contributions to positive Fund performance. Telecommunications Services and Energy created a drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual net expense ratio of the Fund is 0.88%. Fund expenses are capped by contract at 0.88%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree India Earnings Index |
MSCI India Index |
|||||||||||||
| One Year |
112.11 | % | 112.54 | % | 115.36 | % | 115.88 | % | ||||||||
| Since Inception1 |
-2.77 | % | -2.95 | % | -1.03 | % | -4.11 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on February 22, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 10 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
| Cumulative Returns as of 3/31/10 (unaudited) | ||||||||||||||||||||||||
| Total Return NAV (%) | Market Price (%) | |||||||||||||||||||||||
| 1-Year | 3-Year | Since Inception |
1-Year | 3-Year | Since Inception |
|||||||||||||||||||
| WisdomTree Total Earnings Fund |
53.82 | % | -9.85 | % | -11.46 | % | 52.96 | % | -10.23 | % | -11.85 | % | ||||||||||||
| Russell 3000 Index |
52.44 | % | -11.50 | % | -13.35 | % | 52.44 | % | -11.50 | % | -13.35 | % | ||||||||||||
| WT Earnings Index |
54.37 | % | -9.36 | % | -10.97 | % | 54.37 | % | -9.36 | % | -10.97 | % | ||||||||||||
| WisdomTree Earnings 500 Fund |
49.49 | % | -11.45 | % | -12.92 | % | 48.95 | % | -11.82 | % | -13.26 | % | ||||||||||||
| S&P 500 Index |
49.77 | % | -11.98 | % | -13.68 | % | 49.77 | % | -11.98 | % | -13.68 | % | ||||||||||||
| WT Earnings 500 Index |
50.18 | % | -10.59 | % | -12.05 | % | 50.18 | % | -10.59 | % | -12.05 | % | ||||||||||||
| WisdomTree MidCap Earnings Fund |
82.49 | % | 0.94 | % | -1.45 | % | 81.91 | % | 0.58 | % | -1.58 | % | ||||||||||||
| S&P MidCap 400 Index |
64.07 | % | -2.46 | % | -4.49 | % | 64.07 | % | -2.46 | % | -4.49 | % | ||||||||||||
| WT MidCap Earnings Index |
83.85 | % | 1.07 | % | -1.24 | % | 83.85 | % | 1.07 | % | -1.24 | % | ||||||||||||
| WisdomTree SmallCap Earnings Fund |
91.88 | % | -4.47 | % | -8.21 | % | 90.93 | % | -4.54 | % | -8.42 | % | ||||||||||||
| Russell 2000 Index |
62.76 | % | -11.50 | % | -14.14 | % | 62.76 | % | -11.50 | % | -14.14 | % | ||||||||||||
| WT SmallCap Earnings Index |
92.79 | % | -4.85 | % | -8.52 | % | 92.79 | % | -4.85 | % | -8.52 | % | ||||||||||||
| WisdomTree LargeCap Value Fund |
55.57 | % | -19.41 | % | -20.77 | % | 54.94 | % | -19.66 | % | -20.95 | % | ||||||||||||
| Russell 1000 Value Index |
53.56 | % | -20.42 | % | -21.45 | % | 53.56 | % | -20.42 | % | -21.45 | % | ||||||||||||
| Spliced WisdomTree Index |
56.49 | % | -18.67 | % | -20.11 | % | 56.49 | % | -18.67 | % | -20.11 | % | ||||||||||||
| WisdomTree LargeCap Growth Fund |
37.46 | % | n/a | 42.36 | % | 36.94 | % | n/a | 41.93 | % | ||||||||||||||
| Russell 1000 Growth Index |
49.75 | % | n/a | 56.19 | % | 49.75 | % | n/a | 56.19 | % | ||||||||||||||
| WisdomTree LargeCap Growth Index |
38.39 | % | n/a | 43.38 | % | 38.39 | % | n/a | 43.38 | % | ||||||||||||||
| WisdomTree India Earnings Fund |
112.11 | % | n/a | -5.74 | % | 112.54 | % | n/a | -6.12 | % | ||||||||||||||
| MSCI India Index |
115.88 | % | n/a | -8.46 | % | 115.88 | % | n/a | -8.46 | % | ||||||||||||||
| WT India Earnings Index |
115.36 | % | n/a | -2.15 | % | 115.36 | % | n/a | -2.15 | % | ||||||||||||||
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
Please see page 12 for the list of index descriptions.
| WisdomTree Domestic and International Earnings Funds | 11 |
Table of Contents
Description of Terms and Indices (unaudited)
Below are descriptions of each index referenced in this Annual Report:
The WisdomTree Earnings Index measures the performance of earnings-generating companies within the broad U.S. stock market.
The WisdomTree Earnings 500 Index measures the performance of earnings-generating companies within the large-cap segment of the U.S. stock market.
The WisdomTree MidCap Earnings Index measures the performance of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.
The WisdomTree SmallCap Earnings Index measures the performance of earnings-generating companies within the small-capitalization segment of the U.S. stock market.
The WisdomTree LargeCap Value Index is a fundamentally weighted index that measures the stock performance of value companies in the US.
The WisdomTree Low P/E Index measures the performance of companies with the lowest price-to-earnings ratios (P/E ratios) in the WisdomTree Earnings Index.
The WisdomTree LargeCap Growth Index is a fundamentally weighted index that measures the performance of large cap growth companies.
The WisdomTree India Earnings Index is a fundamentally weighted index that measures the performance 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 Russell 3000 Index measures the performance of the 3,000 largest U.S. companies, based on total market capitalization.
The S&P 500 Index is a capitalization-weighted index of 500 stocks selected by Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.
The Russell 1000 Value Index is a measure of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.
The S&P Midcap 400 Index is a capitalization-weighted index that measures the performance of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.
The Russell 2000 Index measures performance of the smallest 2,000 securities in the Russell 3000 Index.
The MSCI India Index is a free float-adjusted market capitalization index that is designed to measure the performance of stocks in India.
Spliced WisdomTree Index — WisdomTree Low P/E Index through June 19, 2009; WisdomTree LargeCap Value Index thereafter.
Index performance information assumes the reinvestment of gross dividends and excludes management fees, transaction costs and expenses. Performance information for the MSCI India Index assumes reinvestment of net dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
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.
| 12 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2009 to March 31, 2010.
Actual expenses
The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During Period 10/01/09 to 3/31/10” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| WisdomTree Domestic and International Earnings Funds | 13 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/09 |
Ending Account Value 3/31/10 |
Annualized Expense Ratio Based on the Period 10/01/09 to 3/31/10 |
Expenses Paid During the Period† 10/01/09 to 3/31/10 |
|||||||||||||
| WisdomTree Total Earnings Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,120.70 | 0.28 | % | $ | 1.48 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
| WisdomTree Earnings 500 Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,115.93 | 0.28 | % | $ | 1.48 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
| WisdomTree MidCap Earnings Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,170.69 | 0.38 | % | $ | 2.06 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree SmallCap Earnings Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,108.29 | 0.38 | % | $ | 2.00 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree LargeCap Value Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,134.15 | 0.38 | % | $ | 2.02 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree LargeCap Growth Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,102.88 | 0.38 | % | $ | 1.99 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree India Earnings Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,117.02 | 0.88 | % | $ | 4.64 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,020.54 | 0.88 | % | $ | 4.43 | ||||||||
| † | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect one-half year period). |
| 14 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% | ||||||||
| Aerospace & Defense – 2.9% | ||||||||
| AAR Corp.* |
270 | $ | 6,701 | |||||
| Alliant Techsystems, Inc.* |
203 | 16,504 | ||||||
| Ceradyne, Inc.* |
234 | 5,309 | ||||||
| Cubic Corp. |
234 | 8,424 | ||||||
| Curtiss-Wright Corp. |
177 | 6,160 | ||||||
| DynCorp International, Inc. Class A* |
893 | 10,261 | ||||||
| Esterline Technologies Corp.* |
136 | 6,723 | ||||||
| General Dynamics Corp. |
2,450 | 189,140 | ||||||
| Goodrich Corp. |
602 | 42,453 | ||||||
| HEICO Corp. |
229 | 11,807 | ||||||
| Hexcel Corp.* |
641 | 9,256 | ||||||
| Honeywell International, Inc. |
3,313 | 149,980 | ||||||
| ITT Corp. |
670 | 35,919 | ||||||
| L-3 Communications Holdings, Inc. |
818 | 74,953 | ||||||
| Lockheed Martin Corp. |
1,944 | 161,780 | ||||||
| Moog, Inc. Class A* |
183 | 6,482 | ||||||
| Northrop Grumman Corp. |
1,058 | 69,373 | ||||||
| Orbital Sciences Corp.* |
227 | 4,315 | ||||||
| Precision Castparts Corp. |
671 | 85,022 | ||||||
| Raytheon Co. |
2,217 | 126,635 | ||||||
| Rockwell Collins, Inc. |
755 | 47,255 | ||||||
| Spirit Aerosystems Holdings, Inc. Class A* |
684 | 15,992 | ||||||
| Stanley, Inc.* |
344 | 9,732 | ||||||
| Teledyne Technologies, Inc.* |
136 | 5,613 | ||||||
| TransDigm Group, Inc. |
392 | 20,792 | ||||||
| Triumph Group, Inc. |
116 | 8,130 | ||||||
| United Technologies Corp. |
3,540 | 260,579 | ||||||
| Total Aerospace & Defense | 1,395,290 | |||||||
| Air Freight & Logistics – 0.4% | ||||||||
| Atlas Air Worldwide Holdings, Inc.* |
166 | 8,806 | ||||||
| C.H. Robinson Worldwide, Inc.(a) |
529 | 29,545 | ||||||
| Expeditors International Washington, Inc. |
624 | 23,038 | ||||||
| Forward Air Corp. |
111 | 2,919 | ||||||
| HUB Group, Inc. Class A* |
139 | 3,889 | ||||||
| United Parcel Service, Inc. Class B |
2,082 | 134,102 | ||||||
| Total Air Freight & Logistics | 202,299 | |||||||
| Airlines – 0.1% | ||||||||
| Allegiant Travel Co.* |
189 | 10,935 | ||||||
| Hawaiian Holdings, Inc.* |
1,231 | 9,072 | ||||||
| Republic Airways Holdings, Inc.* |
454 | 2,688 | ||||||
| Skywest, Inc. |
342 | 4,884 | ||||||
| Total Airlines | 27,579 | |||||||
| Automobiles – 0.0% | ||||||||
| Harley-Davidson, Inc. |
755 | 21,193 | ||||||
| Beverages – 2.6% | ||||||||
| Brown-Forman Corp. Class B(a) |
703 | 41,793 | ||||||
| Coca-Cola Bottling Co. Consolidated |
163 | 9,562 | ||||||
| Coca-Cola Co. (The) |
8,947 | 492,085 | ||||||
| Coca-Cola Enterprises, Inc. |
2,450 | 67,767 | ||||||
| Constellation Brands, Inc. Class A* |
550 | 9,042 | ||||||
| Investments | Shares | Value | ||||||
| Dr. Pepper Snapple Group, Inc. |
1,554 | $ | 54,654 | |||||
| Hansen Natural Corp.* |
271 | 11,756 | ||||||
| Molson Coors Brewing Co. Class B |
842 | 35,414 | ||||||
| PepsiCo, Inc. |
7,617 | 503,941 | ||||||
| Total Beverages | 1,226,014 | |||||||
| Biotechnology – 2.0% | ||||||||
| Alkermes, Inc.* |
1,027 | 13,320 | ||||||
| Amgen, Inc.* |
6,965 | 416,229 | ||||||
| Biogen Idec, Inc.* |
1,439 | 82,541 | ||||||
| Celgene Corp.* |
625 | 38,725 | ||||||
| Cephalon, Inc.* |
373 | 25,282 | ||||||
| Cubist Pharmaceuticals, Inc.* |
1,024 | 23,081 | ||||||
| Emergent Biosolutions, Inc.* |
143 | 2,401 | ||||||
| Genzyme Corp.* |
822 | 42,604 | ||||||
| Gilead Sciences, Inc.* |
4,598 | 209,117 | ||||||
| Immunomedics, Inc.*(a) |
2,853 | 9,472 | ||||||
| Martek Biosciences Corp.* |
487 | 10,962 | ||||||
| Myriad Genetics, Inc.* |
509 | 12,242 | ||||||
| OSI Pharmaceuticals, Inc.* |
1,057 | 62,944 | ||||||
| PDL BioPharma, Inc. |
2,860 | 17,761 | ||||||
| Total Biotechnology | 966,681 | |||||||
| Building Products – 0.0% | ||||||||
| Ameron International Corp. |
63 | 3,962 | ||||||
| Apogee Enterprises, Inc. |
340 | 5,376 | ||||||
| Armstrong World Industries, Inc.* |
1 | 36 | ||||||
| Simpson Manufacturing Co., Inc.(a) |
138 | 3,831 | ||||||
| Total Building Products | 13,205 | |||||||
| Capital Markets – 2.4% | ||||||||
| Ameriprise Financial, Inc. |
297 | 13,472 | ||||||
| BlackRock Kelso Capital Corp. |
1,378 | 13,725 | ||||||
| BlackRock, Inc. |
232 | 50,520 | ||||||
| Broadpoint Gleacher Securities, Inc.* |
1,801 | 7,204 | ||||||
| Charles Schwab Corp. (The) |
4,274 | 79,881 | ||||||
| Eaton Vance Corp. |
435 | 14,590 | ||||||
| Federated Investors, Inc. Class B(a) |
481 | 12,689 | ||||||
| Franklin Resources, Inc. |
773 | 85,726 | ||||||
| GAMCO Investors, Inc. Class A |
133 | 6,052 | ||||||
| GFI Group, Inc. |
1,261 | 7,289 | ||||||
| Goldman Sachs Group, Inc. (The) |
2,540 | 433,400 | ||||||
| Greenhill & Co., Inc. |
72 | 5,910 | ||||||
| Investment Technology Group, Inc.* |
250 | 4,172 | ||||||
| Knight Capital Group, Inc. Class A* |
1,195 | 18,224 | ||||||
| Northern Trust Corp. |
1,418 | 78,359 | ||||||
| optionsXpress Holdings, Inc. |
372 | 6,060 | ||||||
| Prospect Capital Corp.(a) |
304 | 3,694 | ||||||
| Raymond James Financial, Inc. |
548 | 14,654 | ||||||
| Riskmetrics Group, Inc.* |
579 | 13,091 | ||||||
| SEI Investments Co. |
520 | 11,424 | ||||||
| State Street Corp. |
3,108 | 140,295 | ||||||
| Stifel Financial Corp.* |
74 | 3,977 | ||||||
| T. Rowe Price Group, Inc. |
622 | 34,166 | ||||||
| TD Ameritrade Holding Corp.*(a) |
3,067 | 58,457 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 15 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Waddell & Reed Financial, Inc. Class A(a) |
158 | $ | 5,694 | |||||
| Total Capital Markets | 1,122,725 | |||||||
| Chemicals – 1.7% | ||||||||
| Air Products & Chemicals, Inc. |
576 | 42,595 | ||||||
| Airgas, Inc. |
440 | 27,993 | ||||||
| Albemarle Corp. |
271 | 11,553 | ||||||
| Arch Chemicals, Inc. |
140 | 4,815 | ||||||
| Ashland, Inc. |
1 | 53 | ||||||
| Balchem Corp. |
411 | 10,131 | ||||||
| Celanese Corp. Series A |
824 | 26,244 | ||||||
| CF Industries Holdings, Inc. |
439 | 40,028 | ||||||
| Eastman Chemical Co. |
155 | 9,870 | ||||||
| Ecolab, Inc. |
520 | 22,854 | ||||||
| FMC Corp. |
272 | 16,467 | ||||||
| H.B. Fuller Co. |
317 | 7,357 | ||||||
| Huntsman Corp. |
4,064 | 48,971 | ||||||
| Innophos Holdings, Inc. |
479 | 13,364 | ||||||
| International Flavors & Fragrances, Inc. |
316 | 15,064 | ||||||
| Intrepid Potash, Inc.*(a) |
302 | 9,160 | ||||||
| Koppers Holdings, Inc. |
186 | 5,267 | ||||||
| Lubrizol Corp. |
322 | 29,534 | ||||||
| Monsanto Co. |
2,034 | 145,268 | ||||||
| Mosaic Co. (The) |
1,123 | 68,245 | ||||||
| NewMarket Corp. |
131 | 13,492 | ||||||
| Olin Corp. |
430 | 8,437 | ||||||
| PPG Industries, Inc. |
279 | 18,246 | ||||||
| Praxair, Inc. |
1,080 | 89,640 | ||||||
| RPM International, Inc. |
776 | 16,560 | ||||||
| Scotts Miracle-Gro Co. (The) Class A |
316 | 14,647 | ||||||
| Sensient Technologies Corp. |
188 | 5,463 | ||||||
| Sigma-Aldrich Corp. |
547 | 29,352 | ||||||
| Stepan Co. |
139 | 7,769 | ||||||
| Terra Industries, Inc. |
778 | 35,601 | ||||||
| Valspar Corp. |
362 | 10,672 | ||||||
| W.R. Grace & Co.* |
1 | 28 | ||||||
| Total Chemicals | 804,740 | |||||||
| Commercial Banks – 2.2% | ||||||||
| Associated Banc-Corp. |
507 | 6,997 | ||||||
| Bancfirst Corp. |
71 | 2,976 | ||||||
| BancorpSouth, Inc. |
321 | 6,728 | ||||||
| Bank of Hawaii Corp.(a) |
211 | 9,484 | ||||||
| Bank of the Ozarks, Inc. |
338 | 11,894 | ||||||
| BB&T Corp. |
2,626 | 85,056 | ||||||
| BOK Financial Corp. |
387 | 20,294 | ||||||
| Camden National Corp. |
279 | 8,959 | ||||||
| City National Corp. |
158 | 8,527 | ||||||
| Commerce Bancshares, Inc. |
439 | 18,061 | ||||||
| Community Bank System, Inc. |
159 | 3,622 | ||||||
| Community Trust Bancorp, Inc. |
390 | 10,565 | ||||||
| Cullen/Frost Bankers, Inc. |
204 | 11,383 | ||||||
| CVB Financial Corp.(a) |
413 | 4,101 | ||||||
| First Citizens BancShares, Inc. Class A |
42 | 8,348 | ||||||
| First Financial Bancorp |
1,371 | 24,390 | ||||||
| Investments | Shares | Value | ||||||
| First Financial Bankshares, Inc. |
86 | $ | 4,433 | |||||
| FirstMerit Corp. |
322 | 6,946 | ||||||
| FNB Corp. |
361 | 2,928 | ||||||
| Fulton Financial Corp. |
709 | 7,225 | ||||||
| Glacier Bancorp, Inc. |
247 | 3,762 | ||||||
| Hancock Holding Co. |
114 | 4,766 | ||||||
| International Bancshares Corp. |
873 | 20,070 | ||||||
| M&T Bank Corp. |
362 | 28,736 | ||||||
| NBT Bancorp, Inc. |
154 | 3,519 | ||||||
| Old National Bancorp |
298 | 3,561 | ||||||
| Park National Corp.(a) |
69 | 4,299 | ||||||
| PNC Financial Services Group, Inc. |
990 | 59,103 | ||||||
| Prosperity Bancshares, Inc. |
166 | 6,806 | ||||||
| Republic Bancorp, Inc. Class A |
476 | 8,968 | ||||||
| S&T Bancorp, Inc. |
117 | 2,445 | ||||||
| Simmons First National Corp. Class A(a) |
341 | 9,401 | ||||||
| Susquehanna Bancshares, Inc. |
318 | 3,120 | ||||||
| SVB Financial Group* |
206 | 9,612 | ||||||
| TCF Financial Corp.(a) |
635 | 10,122 | ||||||
| Tompkins Financial Corp. |
241 | 8,792 | ||||||
| Trustmark Corp. |
248 | 6,059 | ||||||
| U.S. Bancorp |
5,131 | 132,790 | ||||||
| UMB Financial Corp. |
116 | 4,710 | ||||||
| United Bankshares, Inc.(a) |
160 | 4,195 | ||||||
| Valley National Bancorp(a) |
347 | 5,333 | ||||||
| Wells Fargo & Co. |
13,490 | 419,809 | ||||||
| Westamerica Bancorp.(a) |
91 | 5,246 | ||||||
| Total Commercial Banks | 1,028,141 | |||||||
| Commercial Services & Supplies – 0.7% | ||||||||
| ABM Industries, Inc. |
208 | 4,410 | ||||||
| Cintas Corp.(a) |
550 | 15,450 | ||||||
| Clean Harbors, Inc.* |
72 | 4,000 | ||||||
| Consolidated Graphics, Inc.* |
166 | 6,874 | ||||||
| Copart, Inc.* |
273 | 9,719 | ||||||
| Cornell Cos., Inc.* |
435 | 7,965 | ||||||
| Corrections Corp. of America* |
419 | 8,321 | ||||||
| Covanta Holding Corp.* |
350 | 5,831 | ||||||
| Deluxe Corp. |
1,071 | 20,799 | ||||||
| Ennis, Inc. |
619 | 10,071 | ||||||
| Geo Group, Inc. (The)* |
183 | 3,627 | ||||||
| Herman Miller, Inc. |
482 | 8,705 | ||||||
| HNI Corp. |
277 | 7,377 | ||||||
| Iron Mountain, Inc. |
646 | 17,700 | ||||||
| Knoll, Inc. |
505 | 5,681 | ||||||
| M&F Worldwide Corp.* |
232 | 7,099 | ||||||
| McGrath Rentcorp |
409 | 9,910 | ||||||
| Mine Safety Appliances Co. |
154 | 4,306 | ||||||
| Mobile Mini, Inc.* |
600 | 9,294 | ||||||
| Pitney Bowes, Inc. |
1,118 | 27,335 | ||||||
| Republic Services, Inc. |
818 | 23,738 | ||||||
| Rollins, Inc. |
271 | 5,875 | ||||||
| Stericycle, Inc.* |
296 | 16,132 | ||||||
| SYKES Enterprises, Inc.* |
246 | 5,619 | ||||||
See Notes to Financial Statements.
| 16 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Tetra Tech, Inc.* |
184 | $ | 4,239 | |||||
| United Stationers, Inc.* |
163 | 9,593 | ||||||
| Waste Connections, Inc.* |
201 | 6,826 | ||||||
| Waste Management, Inc. |
2,215 | 76,262 | ||||||
| Total Commercial Services & Supplies | 342,758 | |||||||
| Communications Equipment – 1.8% | ||||||||
| Adtran, Inc. |
327 | 8,616 | ||||||
| Arris Group, Inc.* |
503 | 6,041 | ||||||
| Black Box Corp. |
113 | 3,476 | ||||||
| Cisco Systems, Inc.* |
20,198 | 525,754 | ||||||
| Comtech Telecommunications Corp.* |
109 | 3,487 | ||||||
| F5 Networks, Inc.* |
211 | 12,979 | ||||||
| Harris Corp. |
749 | 35,570 | ||||||
| Juniper Networks, Inc.* |
827 | 25,372 | ||||||
| Polycom, Inc.* |
348 | 10,642 | ||||||
| QUALCOMM, Inc. |
5,145 | 216,038 | ||||||
| Tekelec* |
292 | 5,303 | ||||||
| Tellabs, Inc. |
1,675 | 12,680 | ||||||
| Total Communications Equipment | 865,958 | |||||||
| Computers & Peripherals – 4.9% | ||||||||
| Apple, Inc.* |
2,423 | 569,235 | ||||||
| Dell, Inc.* |
8,787 | 131,893 | ||||||
| Diebold, Inc.(a) |
224 | 7,114 | ||||||
| EMC Corp.* |
4,664 | 84,139 | ||||||
| Hewlett-Packard Co. |
11,425 | 607,239 | ||||||
| International Business Machines Corp. |
6,506 | 834,394 | ||||||
| Lexmark International, Inc. Class A* |
163 | 5,881 | ||||||
| NetApp, Inc.* |
713 | 23,215 | ||||||
| QLogic Corp.*(a) |
524 | 10,637 | ||||||
| Synaptics, Inc.*(a) |
339 | 9,360 | ||||||
| Teradata Corp.* |
777 | 22,448 | ||||||
| Western Digital Corp.* |
1,073 | 41,836 | ||||||
| Total Computers & Peripherals | 2,347,391 | |||||||
| Construction & Engineering – 0.5% | ||||||||
| Aecom Technology Corp.* |
594 | 16,852 | ||||||
| EMCOR Group, Inc.*(a) |
389 | 9,581 | ||||||
| Fluor Corp. |
1,326 | 61,672 | ||||||
| Granite Construction, Inc. |
137 | 4,140 | ||||||
| Jacobs Engineering Group, Inc.* |
850 | 38,412 | ||||||
| KBR, Inc. |
1,400 | 31,024 | ||||||
| MasTec, Inc.* |
394 | 4,968 | ||||||
| Quanta Services, Inc.* |
828 | 15,864 | ||||||
| Tutor Perini Corp.* |
759 | 16,508 | ||||||
| URS Corp.* |
455 | 22,573 | ||||||
| Total Construction & Engineering | 221,594 | |||||||
| Construction Materials – 0.0% | ||||||||
| Martin Marietta Materials, Inc.(a) |
91 | 7,603 | ||||||
| Texas Industries, Inc. |
92 | 3,143 | ||||||
| Vulcan Materials Co. |
157 | 7,417 | ||||||
| Total Construction Materials | 18,163 | |||||||
| Consumer Finance – 0.2% | ||||||||
| Advance America, Cash Advance Centers, Inc. |
1,510 | 8,788 | ||||||
| Investments | Shares | Value | ||||||
| American Express Co. |
1,242 | $ | 51,245 | |||||
| Cash America International, Inc. |
177 | 6,988 | ||||||
| Credit Acceptance Corp.*(a) |
251 | 10,351 | ||||||
| Dollar Financial Corp.* |
317 | 7,627 | ||||||
| Ezcorp, Inc. Class A* |
205 | 4,223 | ||||||
| First Cash Financial Services, Inc.* |
418 | 9,016 | ||||||
| Nelnet, Inc. Class A |
517 | 9,596 | ||||||
| Student Loan Corp. (The) |
140 | 4,974 | ||||||
| World Acceptance Corp.*(a) |
159 | 5,737 | ||||||
| Total Consumer Finance | 118,545 | |||||||
| Containers & Packaging – 0.4% | ||||||||
| AEP Industries, Inc.* |
228 | 5,933 | ||||||
| Aptargroup, Inc. |
205 | 8,067 | ||||||
| Ball Corp. |
505 | 26,957 | ||||||
| Bemis Co., Inc. |
297 | 8,530 | ||||||
| Boise, Inc.* |
1,738 | 10,654 | ||||||
| Crown Holdings, Inc.* |
324 | 8,735 | ||||||
| Greif, Inc. Class A |
70 | 3,844 | ||||||
| Packaging Corp. of America |
898 | 22,100 | ||||||
| Pactiv Corp.* |
666 | 16,770 | ||||||
| Rock-Tenn Co. Class A |
326 | 14,856 | ||||||
| Sealed Air Corp. |
965 | 20,342 | ||||||
| Silgan Holdings, Inc. |
276 | 16,623 | ||||||
| Sonoco Products Co. |
252 | 7,759 | ||||||
| Temple-Inland, Inc. |
551 | 11,257 | ||||||
| Total Containers & Packaging | 182,427 | |||||||
| Distributors – 0.1% | ||||||||
| Core-Mark Holding Co., Inc.* |
296 | 9,061 | ||||||
| Genuine Parts Co. |
773 | 32,651 | ||||||
| LKQ Corp.* |
526 | 10,678 | ||||||
| Total Distributors | 52,390 | |||||||
| Diversified Consumer Services – 0.5% | ||||||||
| Apollo Group, Inc. Class A* |
899 | 55,100 | ||||||
| Brink’s Home Security Holdings, Inc.* |
275 | 11,701 | ||||||
| Career Education Corp.* |
232 | 7,340 | ||||||
| Corinthian Colleges, Inc.* |
646 | 11,363 | ||||||
| DeVry, Inc. |
294 | 19,169 | ||||||
| H&R Block, Inc. |
2,061 | 36,686 | ||||||
| Hillenbrand, Inc. |
462 | 10,159 | ||||||
| ITT Educational Services, Inc.* |
235 | 26,433 | ||||||
| Matthews International Corp. Class A |
112 | 3,976 | ||||||
| Pre-Paid Legal Services, Inc.*(a) |
88 | 3,331 | ||||||
| Regis Corp. |
322 | 6,015 | ||||||
| Service Corp. International |
2,103 | 19,306 | ||||||
| Strayer Education, Inc.(a) |
23 | 5,601 | ||||||
| Weight Watchers International, Inc. |
617 | 15,752 | ||||||
| Total Diversified Consumer Services | 231,932 | |||||||
| Diversified Financial Services – 2.0% | ||||||||
| Bank of America Corp. |
21,348 | 381,062 | ||||||
| CME Group, Inc. |
224 | 70,808 | ||||||
| Interactive Brokers Group, Inc. Class A* |
520 | 8,398 | ||||||
| IntercontinentalExchange, Inc.* |
254 | 28,494 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 17 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| JPMorgan Chase & Co. |
8,726 | $ | 390,488 | |||||
| Moody’s Corp.(a) |
1,301 | 38,705 | ||||||
| MSCI, Inc. Class A* |
274 | 9,891 | ||||||
| NASDAQ OMX Group (The)* |
1,264 | 26,696 | ||||||
| Portfolio Recovery Associates, Inc.* |
224 | 12,291 | ||||||
| Total Diversified Financial Services | 966,833 | |||||||
| Diversified Telecommunication Services – 2.3% | ||||||||
| AboveNet, Inc.*(a) |
155 | 7,863 | ||||||
| Alaska Communications Systems Group, Inc.(a) |
600 | 4,872 | ||||||
| AT&T, Inc. |
23,808 | 615,199 | ||||||
| CenturyTel, Inc. |
847 | 30,035 | ||||||
| Cincinnati Bell, Inc.* |
5,034 | 17,166 | ||||||
| Frontier Communications Corp.(a) |
1,050 | 7,812 | ||||||
| Qwest Communications International, Inc. |
4,802 | 25,066 | ||||||
| Verizon Communications, Inc. |
10,769 | 334,054 | ||||||
| Windstream Corp. |
3,100 | 33,759 | ||||||
| Total Diversified Telecommunication Services | 1,075,826 | |||||||
| Electric Utilities – 2.2% | ||||||||
| Allegheny Energy, Inc. |
990 | 22,770 | ||||||
| ALLETE, Inc. |
158 | 5,290 | ||||||
| American Electric Power Co., Inc. |
2,353 | 80,426 | ||||||
| Cleco Corp. |
234 | 6,213 | ||||||
| DPL, Inc. |
727 | 19,767 | ||||||
| Duke Energy Corp. |
5,588 | 91,196 | ||||||
| Edison International |
1,530 | 52,280 | ||||||
| El Paso Electric Co.* |
185 | 3,811 | ||||||
| Entergy Corp. |
1,049 | 85,336 | ||||||
| Exelon Corp. |
3,915 | 171,516 | ||||||
| FirstEnergy Corp. |
1,162 | 45,423 | ||||||
| FPL Group, Inc. |
2,335 | 112,851 | ||||||
| Great Plains Energy, Inc. |
849 | 15,766 | ||||||
| Hawaiian Electric Industries, Inc. |
294 | 6,600 | ||||||
| IDACORP, Inc. |
183 | 6,335 | ||||||
| ITC Holdings Corp. |
318 | 17,490 | ||||||
| MGE Energy, Inc. |
115 | 4,066 | ||||||
| Northeast Utilities |
891 | 24,627 | ||||||
| NV Energy, Inc. |
911 | 11,233 | ||||||
| Pepco Holdings, Inc. |
733 | 12,571 | ||||||
| Portland General Electric Co. |
252 | 4,866 | ||||||
| PPL Corp. |
1,193 | 33,058 | ||||||
| Progress Energy, Inc. |
1,468 | 57,780 | ||||||
| Southern Co. |
3,663 | 121,465 | ||||||
| UIL Holdings Corp. |
117 | 3,218 | ||||||
| Unisource Energy Corp. |
292 | 9,180 | ||||||
| Westar Energy, Inc. |
419 | 9,344 | ||||||
| Total Electric Utilities | 1,034,478 | |||||||
| Electrical Equipment – 0.8% | ||||||||
| A.O. Smith Corp. |
161 | 8,464 | ||||||
| Acuity Brands, Inc. |
208 | 8,780 | ||||||
| AMETEK, Inc. |
372 | 15,423 | ||||||
| AZZ, Inc. |
269 | 9,105 | ||||||
| Baldor Electric Co. |
297 | 11,108 | ||||||
| Investments | Shares | Value | ||||||
| Brady Corp. Class A |
281 | $ | 8,745 | |||||
| Emerson Electric Co. |
3,223 | 162,246 | ||||||
| EnerSys* |
1 | 25 | ||||||
| First Solar, Inc.*(a) |
389 | 47,711 | ||||||
| General Cable Corp.* |
280 | 7,560 | ||||||
| GT Solar International, Inc.*(a) |
1,603 | 8,384 | ||||||
| Hubbell, Inc. Class B |
299 | 15,078 | ||||||
| II-VI, Inc.* |
202 | 6,836 | ||||||
| Powell Industries, Inc.* |
273 | 8,881 | ||||||
| Regal-Beloit Corp. |
188 | 11,169 | ||||||
| Rockwell Automation, Inc. |
251 | 14,146 | ||||||
| Roper Industries, Inc. |
297 | 17,178 | ||||||
| SunPower Corp. Class A*(a) |
112 | 2,117 | ||||||
| Thomas & Betts Corp.* |
98 | 3,845 | ||||||
| Woodward Governor Co. |
293 | 9,370 | ||||||
| Total Electrical Equipment | 376,171 | |||||||
| Electronic Equipment, Instruments & Components – 0.7% |
||||||||
| Amphenol Corp. Class A |
599 | 25,272 | ||||||
| Anixter International, Inc.* |
110 | 5,153 | ||||||
| Arrow Electronics, Inc.* |
302 | 9,099 | ||||||
| Avnet, Inc.* |
442 | 13,260 | ||||||
| AVX Corp. |
848 | 12,042 | ||||||
| Benchmark Electronics, Inc.* |
369 | 7,653 | ||||||
| Checkpoint Systems, Inc.* |
327 | 7,233 | ||||||
| Corning, Inc. |
6,385 | 129,041 | ||||||
| Dolby Laboratories, Inc. Class A* |
501 | 29,394 | ||||||
| FLIR Systems, Inc.* |
686 | 19,345 | ||||||
| Ingram Micro, Inc. Class A* |
959 | 16,830 | ||||||
| MTS Systems Corp. |
135 | 3,919 | ||||||
| Multi-Fineline Electronix, Inc.* |
326 | 8,398 | ||||||
| National Instruments Corp. |
251 | 8,371 | ||||||
| Plexus Corp.* |
280 | 10,088 | ||||||
| Rofin-Sinar Technologies, Inc.* |
184 | 4,162 | ||||||
| Scansource, Inc.* |
204 | 5,871 | ||||||
| SYNNEX Corp.* |
1 | 30 | ||||||
| Tech Data Corp.* |
322 | 13,492 | ||||||
| Trimble Navigation Ltd.* |
364 | 10,454 | ||||||
| Total Electronic Equipment, Instruments & Components | 339,107 | |||||||
| Energy Equipment & Services – 1.9% | ||||||||
| Atwood Oceanics, Inc.* |
663 | 22,960 | ||||||
| Baker Hughes, Inc.(a) |
1,531 | 71,712 | ||||||
| BJ Services Co. |
689 | 14,745 | ||||||
| Bristow Group, Inc.* |
166 | 6,263 | ||||||
| Cal Dive International, Inc.* |
1,916 | 14,044 | ||||||
| Cameron International Corp.* |
1,192 | 51,089 | ||||||
| CARBO Ceramics, Inc. |
111 | 6,920 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
1,150 | 102,131 | ||||||
| Dresser-Rand Group, Inc.* |
740 | 23,251 | ||||||
| Dril-Quip, Inc.* |
133 | 8,092 | ||||||
| FMC Technologies, Inc.* |
503 | 32,509 | ||||||
| Gulfmark Offshore, Inc. Class A* |
226 | 6,000 | ||||||
See Notes to Financial Statements.
| 18 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Halliburton Co. |
4,627 | $ | 139,412 | |||||
| Helmerich & Payne, Inc. |
602 | 22,924 | ||||||
| Hornbeck Offshore Services, Inc.*(a) |
301 | 5,590 | ||||||
| Lufkin Industries, Inc. |
115 | 9,102 | ||||||
| National Oilwell Varco, Inc. |
3,245 | 131,682 | ||||||
| Oceaneering International, Inc.* |
209 | 13,269 | ||||||
| Oil States International, Inc.* |
396 | 17,955 | ||||||
| Parker Drilling Co.* |
1,486 | 7,326 | ||||||
| Patterson-UTI Energy, Inc. |
458 | 6,398 | ||||||
| Pride International, Inc.*(a) |
1,507 | 45,376 | ||||||
| Rowan Cos., Inc.*(a) |
1,148 | 33,418 | ||||||
| RPC, Inc. |
573 | 6,377 | ||||||
| SEACOR Holdings, Inc.* |
209 | 16,858 | ||||||
| Smith International, Inc. |
988 | 42,306 | ||||||
| Superior Energy Services, Inc.* |
411 | 8,639 | ||||||
| Tidewater, Inc. |
597 | 28,220 | ||||||
| Willbros Group, Inc.* |
552 | 6,630 | ||||||
| Total Energy Equipment & Services | 901,198 | |||||||
| Food & Staples Retailing – 4.6% | ||||||||
| BJ’s Wholesale Club, Inc.*(a) |
200 | 7,398 | ||||||
| Casey’s General Stores, Inc. |
212 | 6,657 | ||||||
| Costco Wholesale Corp. |
1,602 | 95,655 | ||||||
| CVS Caremark Corp. |
9,629 | 352,036 | ||||||
| Ingles Markets, Inc. Class A |
202 | 3,036 | ||||||
| Kroger Co. (The) |
4,884 | 105,787 | ||||||
| Pantry, Inc. (The)* |
693 | 8,656 | ||||||
| Pricesmart, Inc. |
459 | 10,672 | ||||||
| Ruddick Corp. |
178 | 5,632 | ||||||
| Safeway, Inc. |
3,015 | 74,953 | ||||||
| Spartan Stores, Inc. |
661 | 9,532 | ||||||
| SUPERVALU, Inc. |
1,831 | 30,541 | ||||||
| Sysco Corp. |
3,044 | 89,798 | ||||||
| United Natural Foods, Inc.* |
159 | 4,473 | ||||||
| Walgreen Co. |
4,283 | 158,856 | ||||||
| Wal-Mart Stores, Inc. |
21,658 | 1,204,185 | ||||||
| Whole Foods Market, Inc.* |
527 | 19,051 | ||||||
| Total Food & Staples Retailing | 2,186,918 | |||||||
| Food Products – 2.1% | ||||||||
| American Dairy, Inc.*(a) |
432 | 8,273 | ||||||
| American Italian Pasta Co. Class A* |
276 | 10,728 | ||||||
| Archer-Daniels-Midland Co. |
2,815 | 81,353 | ||||||
| Cal-Maine Foods, Inc. |
272 | 9,218 | ||||||
| Campbell Soup Co. |
1,666 | 58,893 | ||||||
| Chiquita Brands International, Inc.*(a) |
235 | 3,697 | ||||||
| ConAgra Foods, Inc. |
2,423 | 60,745 | ||||||
| Corn Products International, Inc. |
389 | 13,483 | ||||||
| Darling International, Inc.* |
777 | 6,962 | ||||||
| Dean Foods Co.* |
1,149 | 18,028 | ||||||
| Del Monte Foods Co. |
1,483 | 21,652 | ||||||
| Flowers Foods, Inc.(a) |
249 | 6,160 | ||||||
| General Mills, Inc. |
1,463 | 103,566 | ||||||
| H.J. Heinz Co. |
1,464 | 66,773 | ||||||
| Hershey Co. (The) |
852 | 36,474 | ||||||
| Investments | Shares | Value | ||||||
| Hormel Foods Corp.(a) |
709 | $ | 29,785 | |||||
| J.M. Smucker Co. (The) |
543 | 32,721 | ||||||
| Kellogg Co. |
1,650 | 88,159 | ||||||
| Kraft Foods, Inc. Class A |
6,387 | 193,143 | ||||||
| Lancaster Colony Corp. |
119 | 7,016 | ||||||
| McCormick & Co., Inc. |
623 | 23,898 | ||||||
| Mead Johnson Nutrition Co. |
801 | 41,676 | ||||||
| Ralcorp Holdings, Inc.* |
343 | 23,249 | ||||||
| Sara Lee Corp. |
1,946 | 27,108 | ||||||
| Seneca Foods Corp. Class A* |
390 | 11,357 | ||||||
| Tyson Foods, Inc. Class A |
503 | 9,632 | ||||||
| Total Food Products | 993,749 | |||||||
| Gas Utilities – 0.4% | ||||||||
| AGL Resources, Inc. |
547 | 21,142 | ||||||
| Atmos Energy Corp. |
385 | 10,999 | ||||||
| Energen Corp. |
458 | 21,311 | ||||||
| EQT Corp. |
182 | 7,462 | ||||||
| Laclede Group, Inc. (The) |
90 | 3,035 | ||||||
| National Fuel Gas Co. |
163 | 8,240 | ||||||
| New Jersey Resources Corp. |
181 | 6,798 | ||||||
| Nicor, Inc. |
182 | 7,629 | ||||||
| Northwest Natural Gas Co. |
98 | 4,567 | ||||||
| Oneok, Inc. |
526 | 24,012 | ||||||
| Piedmont Natural Gas Co., Inc. |
225 | 6,205 | ||||||
| Questar Corp. |
820 | 35,424 | ||||||
| South Jersey Industries, Inc. |
134 | 5,627 | ||||||
| Southwest Gas Corp. |
177 | 5,296 | ||||||
| UGI Corp. |
778 | 20,648 | ||||||
| WGL Holdings, Inc. |
189 | 6,549 | ||||||
| Total Gas Utilities | 194,944 | |||||||
| Health Care Equipment & Supplies – 2.2% | ||||||||
| Align Technology, Inc.* |
507 | 9,805 | ||||||
| American Medical Systems Holdings, Inc.* |
483 | 8,974 | ||||||
| Baxter International, Inc. |
3,018 | 175,648 | ||||||
| Beckman Coulter, Inc. |
179 | 11,241 | ||||||
| Becton Dickinson and Co. |
1,279 | 100,696 | ||||||
| C.R. Bard, Inc. |
497 | 43,050 | ||||||
| Conmed Corp.* |
138 | 3,286 | ||||||
| Cooper Cos., Inc. (The) |
235 | 9,137 | ||||||
| Cyberonics, Inc.* |
453 | 8,679 | ||||||
| DENTSPLY International, Inc. |
689 | 24,012 | ||||||
| Edwards Lifesciences Corp.* |
132 | 13,052 | ||||||
| Gen-Probe, Inc.* |
120 | 6,000 | ||||||
| Greatbatch, Inc.* |
483 | 10,235 | ||||||
| Haemonetics Corp.* |
67 | 3,829 | ||||||
| Hill-Rom Holdings, Inc. |
208 | 5,660 | ||||||
| Hospira, Inc.* |
731 | 41,411 | ||||||
| IDEXX Laboratories, Inc.*(a) |
180 | 10,359 | ||||||
| Immucor, Inc.* |
183 | 4,097 | ||||||
| Intuitive Surgical, Inc.* |
46 | 16,014 | ||||||
| Kinetic Concepts, Inc.* |
409 | 19,554 | ||||||
| Medtronic, Inc. |
4,783 | 215,378 | ||||||
| ResMed, Inc.* |
327 | 20,814 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 19 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| St. Jude Medical, Inc.* |
910 | $ | 37,356 | |||||
| STERIS Corp. |
229 | 7,708 | ||||||
| Stryker Corp. |
1,712 | 97,961 | ||||||
| SurModics, Inc.*(a) |
366 | 7,664 | ||||||
| Symmetry Medical, Inc.* |
1,173 | 11,777 | ||||||
| Teleflex, Inc. |
250 | 16,017 | ||||||
| Varian Medical Systems, Inc.*(a) |
619 | 34,249 | ||||||
| West Pharmaceutical Services, Inc. |
112 | 4,698 | ||||||
| Zimmer Holdings, Inc.* |
963 | 57,010 | ||||||
| Total Health Care Equipment & Supplies | 1,035,371 | |||||||
| Health Care Providers & Services – 4.0% | ||||||||
| Aetna, Inc. |
2,881 | 101,152 | ||||||
| Amedisys, Inc.*(a) |
320 | 17,670 | ||||||
| AMERIGROUP Corp.* |
292 | 9,706 | ||||||
| AmerisourceBergen Corp. |
1,645 | 47,573 | ||||||
| Amsurg Corp.* |
155 | 3,346 | ||||||
| Cardinal Health, Inc. |
2,303 | 82,977 | ||||||
| Catalyst Health Solutions, Inc.* |
165 | 6,828 | ||||||
| Centene Corp.* |
249 | 5,986 | ||||||
| Chemed Corp. |
113 | 6,145 | ||||||
| CIGNA Corp. |
1,761 | 64,417 | ||||||
| Community Health Systems, Inc.* |
611 | 22,564 | ||||||
| Coventry Health Care, Inc.* |
982 | 24,275 | ||||||
| DaVita, Inc.* |
552 | 34,997 | ||||||
| Emergency Medical Services Corp. Class A* |
138 | 7,804 | ||||||
| Ensign Group, Inc. (The) |
615 | 10,658 | ||||||
| Express Scripts, Inc.* |
827 | 84,156 | ||||||
| Five Star Quality Care, Inc.* |
2,715 | 8,281 | ||||||
| Gentiva Health Services, Inc.* |
178 | 5,034 | ||||||
| Hanger Orthopedic Group, Inc.* |
647 | 11,762 | ||||||
| Health Management Associates, Inc. Class A* |
1,851 | 15,919 | ||||||
| Health Net, Inc.* |
461 | 11,465 | ||||||
| Healthsouth Corp.* |
480 | 8,976 | ||||||
| Healthspring, Inc.* |
853 | 15,013 | ||||||
| Healthways, Inc.* |
301 | 4,837 | ||||||
| Henry Schein, Inc.* |
485 | 28,566 | ||||||
| Humana, Inc.* |
1,805 | 84,420 | ||||||
| inVentiv Health, Inc.* |
272 | 6,109 | ||||||
| Kindred Healthcare, Inc.* |
269 | 4,855 | ||||||
| Laboratory Corp. of America Holdings*(a) |
559 | 42,322 | ||||||
| Landauer, Inc. |
154 | 10,044 | ||||||
| LHC Group, Inc.* |
258 | 8,651 | ||||||
| LifePoint Hospitals, Inc.* |
315 | 11,586 | ||||||
| Lincare Holdings, Inc.* |
366 | 16,426 | ||||||
| Magellan Health Services, Inc.* |
143 | 6,218 | ||||||
| McKesson Corp. |
1,556 | 102,260 | ||||||
| Medco Health Solutions, Inc.* |
1,599 | 103,231 | ||||||
| Mednax, Inc.* |
204 | 11,871 | ||||||
| Molina Healthcare, Inc.* |
207 | 5,210 | ||||||
| National Healthcare Corp. |
247 | 8,739 | ||||||
| Odyssey HealthCare, Inc.* |
594 | 10,757 | ||||||
| Omnicare, Inc. |
940 | 26,593 | ||||||
| Owens & Minor, Inc. |
140 | 6,495 | ||||||
| Investments | Shares | Value | ||||||
| Patterson Cos., Inc. |
478 | $ | 14,842 | |||||
| PSS World Medical, Inc.* |
186 | 4,373 | ||||||
| Psychiatric Solutions, Inc.* |
621 | 18,506 | ||||||
| Quest Diagnostics, Inc. |
963 | 56,133 | ||||||
| Skilled Healthcare Group, Inc. Class A* |
1,210 | 7,466 | ||||||
| Sun Healthcare Group, Inc.* |
1,279 | 12,202 | ||||||
| Tenet Healthcare Corp.* |
2,835 | 16,216 | ||||||
| Triple-S Management Corp. Class B* |
551 | 9,780 | ||||||
| UnitedHealth Group, Inc. |
10,109 | 330,261 | ||||||
| Universal American Corp.* |
1,346 | 20,728 | ||||||
| Universal Health Services, Inc. Class B |
778 | 27,300 | ||||||
| VCA Antech, Inc.*(a) |
317 | 8,886 | ||||||
| WellPoint, Inc.* |
4,185 | 269,430 | ||||||
| Total Health Care Providers & Services | 1,902,017 | |||||||
| Health Care Technology – 0.0% | ||||||||
| Cerner Corp.* |
202 | 17,182 | ||||||
| Eclipsys Corp.* |
254 | 5,050 | ||||||
| Total Health Care Technology | 22,232 | |||||||
| Hotels, Restaurants & Leisure – 1.7% | ||||||||
| Ameristar Casinos, Inc.(a) |
394 | 7,179 | ||||||
| Bally Technologies, Inc.* |
254 | 10,297 | ||||||
| Bob Evans Farms, Inc. |
166 | 5,131 | ||||||
| Brinker International, Inc. |
643 | 12,397 | ||||||
| Burger King Holdings, Inc. |
890 | 18,921 | ||||||
| CEC Entertainment, Inc.* |
142 | 5,409 | ||||||
| Cheesecake Factory (The)* |
390 | 10,553 | ||||||
| Chipotle Mexican Grill, Inc.* |
67 | 7,549 | ||||||
| Choice Hotels International, Inc.(a) |
185 | 6,440 | ||||||
| CKE Restaurants, Inc. |
1,097 | 12,144 | ||||||
| Cracker Barrel Old Country Store, Inc. |
159 | 7,374 | ||||||
| Darden Restaurants, Inc. |
936 | 41,690 | ||||||
| Domino’s Pizza, Inc.* |
662 | 9,030 | ||||||
| Einstein Noah Restaurant Group, Inc.* |
1,027 | 12,478 | ||||||
| International Game Technology |
709 | 13,081 | ||||||
| International Speedway Corp. Class A |
204 | 5,257 | ||||||
| Interval Leisure Group, Inc.* |
738 | 10,745 | ||||||
| Jack In The Box, Inc.* |
642 | 15,119 | ||||||
| Life Time Fitness, Inc.*(a) |
339 | 9,526 | ||||||
| McDonald’s Corp. |
5,541 | 369,696 | ||||||
| Panera Bread Co. Class A* |
68 | 5,201 | ||||||
| Papa John’s International, Inc.* |
384 | 9,873 | ||||||
| Penn National Gaming, Inc.* |
273 | 7,589 | ||||||
| Sonic Corp.* |
271 | 2,995 | ||||||
| Speedway Motorsports, Inc. |
776 | 12,113 | ||||||
| Starbucks Corp. |
1,326 | 32,182 | ||||||
| Starwood Hotels & Resorts Worldwide, Inc.(a) |
304 | 14,179 | ||||||
| Texas Roadhouse, Inc.* |
826 | 11,473 | ||||||
| Vail Resorts, Inc.* |
201 | 8,058 | ||||||
| WMS Industries, Inc.*(a) |
143 | 5,997 | ||||||
| Wyndham Worldwide Corp. |
801 | 20,610 | ||||||
| Yum! Brands, Inc. |
2,312 | 88,619 | ||||||
| Total Hotels, Restaurants & Leisure | 808,905 | |||||||
See Notes to Financial Statements.
| 20 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Household Durables – 0.2% | ||||||||
| Blyth, Inc. |
117 | $ | 3,656 | |||||
| Jarden Corp. |
132 | 4,394 | ||||||
| Leggett & Platt, Inc. |
419 | 9,067 | ||||||
| National Presto Industries, Inc. |
91 | 10,821 | ||||||
| Newell Rubbermaid, Inc. |
1,302 | 19,791 | ||||||
| NVR, Inc.* |
26 | 18,889 | ||||||
| Stanley Black & Decker, Inc. |
363 | 20,840 | ||||||
| Tempur-Pedic International, Inc.*(a) |
224 | 6,756 | ||||||
| Tupperware Brands Corp. |
164 | 7,908 | ||||||
| Whirlpool Corp. |
188 | 16,403 | ||||||
| Total Household Durables | 118,525 | |||||||
| Household Products – 2.5% | ||||||||
| Central Garden and Pet Co. Class A* |
896 | 8,207 | ||||||
| Church & Dwight Co., Inc. |
338 | 22,629 | ||||||
| Clorox Co. |
707 | 45,347 | ||||||
| Colgate-Palmolive Co. |
2,036 | 173,590 | ||||||
| Energizer Holdings, Inc.* |
315 | 19,770 | ||||||
| Kimberly-Clark Corp. |
2,107 | 132,488 | ||||||
| Procter & Gamble Co. (The) |
12,526 | 792,520 | ||||||
| WD-40 Co. |
281 | 9,225 | ||||||
| Total Household Products | 1,203,776 | |||||||
| Independent Power Producers & Energy Traders – 0.2% | ||||||||
| AES Corp. (The)* |
1,369 | 15,059 | ||||||
| Calpine Corp.* |
1,348 | 16,028 | ||||||
| NRG Energy, Inc.* |
3,639 | 76,055 | ||||||
| Ormat Technologies, Inc. |
114 | 3,208 | ||||||
| Total Independent Power Producers & Energy Traders | 110,350 | |||||||
| Industrial Conglomerates – 2.5% | ||||||||
| 3M Co. |
2,174 | 181,681 | ||||||
| Carlisle Cos., Inc. |
118 | 4,496 | ||||||
| General Electric Co. |
55,033 | 1,001,601 | ||||||
| Seaboard Corp. |
5 | 6,495 | ||||||
| Total Industrial Conglomerates | 1,194,273 | |||||||
| Insurance – 6.5% | ||||||||
| Alleghany Corp.* |
44 | 12,795 | ||||||
| Allstate Corp. (The) |
1,856 | 59,967 | ||||||
| American Family Life Assurance Co., Inc. |
3,817 | 207,225 | ||||||
| American Financial Group, Inc. |
1,602 | 45,577 | ||||||
| American Physicians Capital, Inc. |
94 | 3,003 | ||||||
| AMERISAFE, Inc.* |
162 | 2,652 | ||||||
| Amtrust Financial Services, Inc. |
646 | 9,012 | ||||||
| AON Corp. |
842 | 35,962 | ||||||
| Arthur J. Gallagher & Co. |
272 | 6,678 | ||||||
| Assurant, Inc. |
1,349 | 46,379 | ||||||
| Berkshire Hathaway, Inc. Class B* |
11,300 | 918,351 | ||||||
| Brown & Brown, Inc. |
868 | 15,555 | ||||||
| Chubb Corp. |
3,631 | 188,267 | ||||||
| Cincinnati Financial Corp. |
987 | 28,524 | ||||||
| CNA Financial Corp.* |
1,917 | 51,222 | ||||||
| Investments | Shares | Value | ||||||
| CNA Surety Corp.* |
921 | $ | 16,385 | |||||
| Delphi Financial Group, Inc. Class A |
761 | 19,147 | ||||||
| Employers Holdings, Inc. |
371 | 5,509 | ||||||
| Erie Indemnity Co. Class A |
202 | 8,712 | ||||||
| FBL Financial Group, Inc. Class A |
482 | 11,799 | ||||||
| Fidelity National Financial, Inc. Class A |
819 | 12,138 | ||||||
| First American Corp. |
142 | 4,805 | ||||||
| First Mercury Financial Corp. |
663 | 8,639 | ||||||
| FPIC Insurance Group, Inc.* |
103 | 2,792 | ||||||
| Hanover Insurance Group, Inc. (The)(a) |
371 | 16,179 | ||||||
| Harleysville Group, Inc. |
161 | 5,435 | ||||||
| HCC Insurance Holdings, Inc. |
1,010 | 27,876 | ||||||
| Horace Mann Educators Corp. |
274 | 4,126 | ||||||
| Infinity Property & Casualty Corp. |
316 | 14,359 | ||||||
| Lincoln National Corp. |
1,399 | 42,949 | ||||||
| Loews Corp. |
368 | 13,719 | ||||||
| Markel Corp.* |
68 | 25,477 | ||||||
| Marsh & McLennan Cos., Inc. |
189 | 4,615 | ||||||
| MBIA, Inc.*(a) |
5,452 | 34,184 | ||||||
| Mercury General Corp. |
184 | 8,045 | ||||||
| Metlife, Inc. |
2,124 | 92,054 | ||||||
| National Interstate Corp. |
503 | 10,417 | ||||||
| National Western Life Insurance Co. Class A |
51 | 9,402 | ||||||
| Navigators Group, Inc.* |
270 | 10,619 | ||||||
| Principal Financial Group, Inc. |
2,336 | 68,235 | ||||||
| ProAssurance Corp.* |
338 | 19,787 | ||||||
| Progressive Corp. (The) |
4,553 | 86,917 | ||||||
| Protective Life Corp. |
530 | 11,655 | ||||||
| Prudential Financial, Inc. |
4,404 | 266,442 | ||||||
| Reinsurance Group of America, Inc. |
735 | 38,602 | ||||||
| RLI Corp. |
255 | 14,540 | ||||||
| Safety Insurance Group, Inc. |
109 | 4,106 | ||||||
| Selective Insurance Group |
141 | 2,341 | ||||||
| StanCorp Financial Group, Inc. |
501 | 23,863 | ||||||
| Torchmark Corp. |
894 | 47,838 | ||||||
| Tower Group, Inc. |
165 | 3,658 | ||||||
| Transatlantic Holdings, Inc. |
825 | 43,560 | ||||||
| Travelers Cos., Inc. (The) |
5,604 | 302,280 | ||||||
| Unitrin, Inc. |
417 | 11,697 | ||||||
| Universal Insurance Holdings, Inc. |
1,254 | 6,345 | ||||||
| Unum Group |
3,384 | 83,822 | ||||||
| W.R. Berkley Corp. |
1,165 | 30,395 | ||||||
| Wesco Financial Corp. |
4 | 1,542 | ||||||
| Zenith National Insurance Corp. |
139 | 5,326 | ||||||
| Total Insurance | 3,113,502 | |||||||
| Internet & Catalog Retail – 0.3% | ||||||||
| Amazon.com, Inc.* |
481 | 65,286 | ||||||
| NetFlix, Inc.*(a) |
154 | 11,356 | ||||||
| priceline.com, Inc.* |
178 | 45,390 | ||||||
| Total Internet & Catalog Retail | 122,032 | |||||||
| Internet Software & Services – 1.4% | ||||||||
| Akamai Technologies, Inc.*(a) |
442 | 13,883 | ||||||
| Digital River, Inc.* |
177 | 5,363 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 21 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Earthlink, Inc. |
2,243 | $ | 19,155 | |||||
| eBay, Inc.* |
4,969 | 133,915 | ||||||
| Equinix, Inc.* |
142 | 13,822 | ||||||
| Google, Inc. Class A* |
690 | 391,237 | ||||||
| j2 Global Communications, Inc.*(a) |
668 | 15,631 | ||||||
| Limelight Networks, Inc.* |
2,413 | 8,832 | ||||||
| Sohu.com, Inc.* |
279 | 15,234 | ||||||
| ValueClick, Inc.* |
461 | 4,675 | ||||||
| VeriSign, Inc.* |
691 | 17,973 | ||||||
| WebMD Health Corp.* |
1 | 46 | ||||||
| Yahoo!, Inc.* |
1,829 | 30,233 | ||||||
| Total Internet Software & Services | 669,999 | |||||||
| IT Services – 2.1% | ||||||||
| Acxiom Corp. |
690 | 12,379 | ||||||
| Alliance Data Systems Corp.*(a) |
246 | 15,742 | ||||||
| Automatic Data Processing, Inc. |
2,555 | 113,621 | ||||||
| Broadridge Financial Solutions, Inc. |
694 | 14,838 | ||||||
| CACI International, Inc. Class A* |
116 | 5,667 | ||||||
| Cognizant Technology Solutions Corp. Class A* |
1,032 | 52,611 | ||||||
| Computer Sciences Corp.* |
1,163 | 63,372 | ||||||
| CSG Systems International, Inc.* |
229 | 4,800 | ||||||
| DST Systems, Inc.* |
486 | 20,145 | ||||||
| Euronet Worldwide, Inc.* |
274 | 5,050 | ||||||
| Fidelity National Information Services, Inc. |
799 | 18,729 | ||||||
| Fiserv, Inc.* |
799 | 40,557 | ||||||
| Gartner, Inc.* |
340 | 7,562 | ||||||
| Global Payments, Inc. |
258 | 11,752 | ||||||
| Hewitt Associates, Inc. Class A* |
500 | 19,890 | ||||||
| Lender Processing Services, Inc. |
488 | 18,422 | ||||||
| Mantech International Corp. Class A* |
109 | 5,322 | ||||||
| Mastercard, Inc. Class A |
487 | 123,698 | ||||||
| MAXIMUS, Inc. |
109 | 6,641 | ||||||
| MoneyGram International, Inc.* |
4,121 | 15,701 | ||||||
| NeuStar, Inc. Class A* |
277 | 6,980 | ||||||
| Paychex, Inc. |
1,415 | 43,440 | ||||||
| SAIC, Inc.* |
2,060 | 36,462 | ||||||
| Sapient Corp. |
1,162 | 10,621 | ||||||
| SRA International, Inc. Class A* |
246 | 5,114 | ||||||
| Syntel, Inc.(a) |
186 | 7,155 | ||||||
| TeleTech Holdings, Inc.* |
396 | 6,764 | ||||||
| Total System Services, Inc. |
1,278 | 20,013 | ||||||
| Visa, Inc. Class A |
2,307 | 210,006 | ||||||
| Western Union Co. (The) |
3,916 | 66,415 | ||||||
| Wright Express Corp.* |
530 | 15,964 | ||||||
| Total IT Services | 1,005,433 | |||||||
| Leisure Equipment & Products – 0.2% | ||||||||
| Hasbro, Inc. |
804 | 30,777 | ||||||
| Mattel, Inc. |
1,464 | 33,291 | ||||||
| Polaris Industries, Inc.(a) |
205 | 10,488 | ||||||
| Pool Corp. |
229 | 5,185 | ||||||
| Total Leisure Equipment & Products | 79,741 | |||||||
| Life Sciences Tools & Services – 0.5% | ||||||||
| Bio-Rad Laboratories, Inc. Class A* |
68 | 7,039 | ||||||
| Investments | Shares | Value | ||||||
| Bruker Corp.* |
716 | $ | 10,489 | |||||
| Charles River Laboratories International, Inc.*(a) |
293 | 11,518 | ||||||
| Covance, Inc.* |
184 | 11,296 | ||||||
| Dionex Corp.* |
41 | 3,066 | ||||||
| Illumina, Inc.*(a) |
156 | 6,068 | ||||||
| Mettler-Toledo International, Inc.* |
136 | 14,851 | ||||||
| Millipore Corp.* |
232 | 24,499 | ||||||
| Parexel International Corp.* |
345 | 8,042 | ||||||
| PerkinElmer, Inc. |
459 | 10,970 | ||||||
| Pharmaceutical Product Development, Inc. |
688 | 16,340 | ||||||
| Techne Corp. |
203 | 12,929 | ||||||
| Thermo Fisher Scientific, Inc.* |
1,392 | 71,605 | ||||||
| Varian, Inc.* |
89 | 4,609 | ||||||
| Waters Corp.* |
482 | 32,554 | ||||||
| Total Life Sciences Tools & Services | 245,875 | |||||||
| Machinery – 1.7% | ||||||||
| Actuant Corp. Class A |
362 | 7,077 | ||||||
| AGCO Corp.* |
387 | 13,882 | ||||||
| Astec Industries, Inc.* |
120 | 3,475 | ||||||
| Barnes Group, Inc. |
407 | 7,916 | ||||||
| Bucyrus International, Inc. |
478 | 31,543 | ||||||
| Caterpillar, Inc. |
1,188 | 74,666 | ||||||
| Chart Industries, Inc.* |
341 | 6,820 | ||||||
| CIRCOR International, Inc. |
158 | 5,247 | ||||||
| CLARCOR, Inc. |
159 | 5,484 | ||||||
| Crane Co. |
163 | 5,787 | ||||||
| Cummins, Inc. |
206 | 12,762 | ||||||
| Danaher Corp. |
1,255 | 100,287 | ||||||
| Deere & Co. |
1,257 | 74,741 | ||||||
| Donaldson Co., Inc. |
248 | 11,190 | ||||||
| Dover Corp. |
1,078 | 50,397 | ||||||
| Eaton Corp. |
392 | 29,702 | ||||||
| EnPro Industries, Inc.* |
226 | 6,572 | ||||||
| ESCO Technologies, Inc. |
90 | 2,863 | ||||||
| Federal Signal Corp. |
391 | 3,523 | ||||||
| Flowserve Corp. |
346 | 38,153 | ||||||
| Graco, Inc. |
298 | 9,536 | ||||||
| Harsco Corp. |
178 | 5,685 | ||||||
| IDEX Corp. |
339 | 11,221 | ||||||
| Illinois Tool Works, Inc. |
1,324 | 62,705 | ||||||
| John Bean Technologies Corp. |
547 | 9,594 | ||||||
| Joy Global, Inc. |
589 | 33,337 | ||||||
| Kaydon Corp. |
133 | 5,001 | ||||||
| Middleby Corp.* |
120 | 6,911 | ||||||
| Mueller Industries, Inc. |
231 | 6,189 | ||||||
| Nordson Corp. |
184 | 12,497 | ||||||
| PACCAR, Inc. |
364 | 15,776 | ||||||
| Pall Corp. |
320 | 12,957 | ||||||
| Parker Hannifin Corp. |
414 | 26,802 | ||||||
| Pentair, Inc. |
294 | 10,472 | ||||||
| Robbins & Myers, Inc. |
250 | 5,955 | ||||||
| Snap-On, Inc. |
255 | 11,052 | ||||||
| SPX Corp. |
295 | 19,564 | ||||||
See Notes to Financial Statements.
| 22 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Toro Co.(a) |
185 | $ | 9,096 | |||||
| Trinity Industries, Inc.(a) |
414 | 8,263 | ||||||
| Valmont Industries, Inc. |
109 | 9,028 | ||||||
| WABCO Holdings, Inc.* |
1 | 30 | ||||||
| Wabtec Corp. |
158 | 6,655 | ||||||
| Watts Water Technologies, Inc. Class A |
161 | 5,001 | ||||||
| Total Machinery | 795,414 | |||||||
| Marine – 0.1% | ||||||||
| Alexander & Baldwin, Inc.(a) |
166 | 5,486 | ||||||
| American Commercial Lines, Inc.* |
157 | 3,941 | ||||||
| International Shipholding Corp. |
303 | 8,905 | ||||||
| Kirby Corp.* |
251 | 9,576 | ||||||
| Total Marine | 27,908 | |||||||
| Media – 2.4% | ||||||||
| Belo Corp. Class A |
1 | 7 | ||||||
| Cablevision Systems Corp. Class A |
432 | 10,428 | ||||||
| CBS Corp. Class B |
1,300 | 18,122 | ||||||
| Comcast Corp. Class A |
15,027 | 282,808 | ||||||
| DIRECTV Class A* |
3,244 | 109,680 | ||||||
| Discovery Communications, Inc. Class C* |
1,533 | 45,085 | ||||||
| DISH Network Corp. Class A |
3,567 | 74,265 | ||||||
| DreamWorks Animation SKG, Inc. Class A* |
364 | 14,338 | ||||||
| Harte-Hanks, Inc. |
596 | 7,664 | ||||||
| Interactive Data Corp. |
623 | 19,936 | ||||||
| Interpublic Group of Cos., Inc.* |
1,345 | 11,190 | ||||||
| John Wiley & Sons, Inc. Class A |
202 | 8,742 | ||||||
| Madison Square Garden, Inc. Class A* |
105 | 2,282 | ||||||
| McGraw-Hill Cos., Inc. (The) |
1,369 | 48,805 | ||||||
| Meredith Corp. |
338 | 11,631 | ||||||
| Morningstar, Inc.* |
157 | 7,550 | ||||||
| Omnicom Group, Inc. |
1,783 | 69,198 | ||||||
| Regal Entertainment Group Class A |
363 | 6,378 | ||||||
| Scholastic Corp. |
211 | 5,908 | ||||||
| Scripps Networks Interactive, Inc. Class A |
648 | 28,739 | ||||||
| Viacom, Inc. Class B* |
2,860 | 98,327 | ||||||
| Walt Disney Co. (The) |
7,604 | 265,456 | ||||||
| Washington Post Co. (The) Class B |
20 | 8,884 | ||||||
| World Wrestling Entertainment, Inc. Class A |
294 | 5,086 | ||||||
| Total Media | 1,160,509 | |||||||
| Metals & Mining – 0.4% | ||||||||
| AMCOL International Corp. |
137 | 3,726 | ||||||
| Cliffs Natural Resources, Inc. |
276 | 19,582 | ||||||
| Compass Minerals International, Inc. |
248 | 19,897 | ||||||
| Haynes International, Inc. |
180 | 6,396 | ||||||
| Newmont Mining Corp. |
1,258 | 64,070 | ||||||
| Reliance Steel & Aluminum Co. |
249 | 12,258 | ||||||
| Southern Copper Corp. |
1,170 | 37,054 | ||||||
| Walter Energy, Inc. |
346 | 31,926 | ||||||
| Total Metals & Mining | 194,909 | |||||||
| Multiline Retail – 0.8% | ||||||||
| Big Lots, Inc.* |
488 | 17,773 | ||||||
| Dollar Tree, Inc.* |
497 | 29,432 | ||||||
| Investments | Shares | Value | ||||||
| Family Dollar Stores, Inc. |
911 | $ | 33,352 | |||||
| J.C. Penney Co., Inc. |
253 | 8,139 | ||||||
| Kohl’s Corp.* |
1,401 | 76,747 | ||||||
| Nordstrom, Inc. |
800 | 32,680 | ||||||
| Target Corp. |
3,686 | 193,883 | ||||||
| Total Multiline Retail | 392,006 | |||||||
| Multi-Utilities – 1.5% | ||||||||
| Alliant Energy Corp. |
250 | 8,315 | ||||||
| Ameren Corp. |
1,307 | 34,087 | ||||||
| Avista Corp. |
231 | 4,784 | ||||||
| Centerpoint Energy, Inc. |
1,762 | 25,302 | ||||||
| CH Energy Group, Inc. |
212 | 8,658 | ||||||
| CMS Energy Corp.(a) |
1,172 | 18,119 | ||||||
| Consolidated Edison, Inc. |
896 | 39,908 | ||||||
| Dominion Resources, Inc. |
3,249 | 133,566 | ||||||
| DTE Energy Co. |
894 | 39,872 | ||||||
| Integrys Energy Group, Inc.(a) |
223 | 10,566 | ||||||
| NiSource, Inc. |
1,027 | 16,227 | ||||||
| NorthWestern Corp. |
182 | 4,880 | ||||||
| NSTAR |
550 | 19,481 | ||||||
| OGE Energy Corp. |
440 | 17,134 | ||||||
| PG&E Corp. |
1,692 | 71,775 | ||||||
| Public Service Enterprise Group, Inc. |
3,591 | 106,006 | ||||||
| SCANA Corp. |
670 | 25,185 | ||||||
| Sempra Energy |
1,538 | 76,746 | ||||||
| TECO Energy, Inc. |
690 | 10,964 | ||||||
| Vectren Corp. |
274 | 6,773 | ||||||
| Wisconsin Energy Corp. |
276 | 13,637 | ||||||
| Xcel Energy, Inc. |
2,083 | 44,160 | ||||||
| Total Multi-Utilities | 736,145 | |||||||
| Office Electronics – 0.1% | ||||||||
| Xerox Corp. |
4,140 | 40,365 | ||||||
| Zebra Technologies Corp. Class A* |
293 | 8,673 | ||||||
| Total Office Electronics | 49,038 | |||||||
| Oil, Gas & Consumable Fuels – 7.3% | ||||||||
| Arch Coal, Inc. |
393 | 8,980 | ||||||
| Arena Resources, Inc.* |
154 | 5,144 | ||||||
| Berry Petroleum Co. Class A |
1 | 28 | ||||||
| Bill Barrett Corp.* |
235 | 7,217 | ||||||
| Cabot Oil & Gas Corp. |
143 | 5,262 | ||||||
| Chevron Corp. |
10,587 | 802,812 | ||||||
| CNX Gas Corp.* |
661 | 25,151 | ||||||
| Concho Resources, Inc.* |
205 | 10,324 | ||||||
| Consol Energy, Inc. |
1,014 | 43,257 | ||||||
| Contango Oil & Gas Co.* |
74 | 3,785 | ||||||
| CVR Energy, Inc.* |
1,231 | 10,771 | ||||||
| EOG Resources, Inc. |
546 | 50,745 | ||||||
| Exxon Mobil Corp. |
25,162 | 1,685,351 | ||||||
| Frontier Oil Corp. |
1,055 | 14,242 | ||||||
| Hess Corp. |
294 | 18,390 | ||||||
| Holly Corp. |
324 | 9,043 | ||||||
| Marathon Oil Corp. |
3,772 | 119,346 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 23 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Massey Energy Co. |
256 | $ | 13,386 | |||||
| Murphy Oil Corp. |
799 | 44,896 | ||||||
| Noble Energy, Inc. |
163 | 11,899 | ||||||
| Occidental Petroleum Corp. |
2,564 | 216,761 | ||||||
| Patriot Coal Corp.* |
922 | 18,864 | ||||||
| Peabody Energy Corp. |
1,126 | 51,458 | ||||||
| Range Resources Corp. |
110 | 5,156 | ||||||
| Southern Union Co. |
694 | 17,607 | ||||||
| Spectra Energy Corp. |
3,215 | 72,434 | ||||||
| Tesoro Corp. |
573 | 7,965 | ||||||
| Western Refining, Inc.*(a) |
526 | 2,893 | ||||||
| Williams Cos., Inc. (The) |
1,350 | 31,185 | ||||||
| World Fuel Services Corp.(a) |
482 | 12,840 | ||||||
| XTO Energy, Inc. |
3,176 | 149,844 | ||||||
| Total Oil, Gas & Consumable Fuels | 3,477,036 | |||||||
| Paper & Forest Products – 0.2% | ||||||||
| Buckeye Technologies, Inc.* |
988 | 12,923 | ||||||
| Clearwater Paper Corp.* |
211 | 10,392 | ||||||
| Glatfelter |
755 | 10,940 | ||||||
| International Paper Co. |
1,533 | 37,727 | ||||||
| KapStone Paper and Packaging Corp.* |
1,033 | 12,262 | ||||||
| Verso Paper Corp.* |
4,067 | 12,363 | ||||||
| Total Paper & Forest Products | 96,607 | |||||||
| Personal Products – 0.3% | ||||||||
| Alberto-Culver Co. |
278 | 7,270 | ||||||
| American Oriental Bioengineering, Inc.*(a) |
2,193 | 8,947 | ||||||
| Avon Products, Inc. |
1,510 | 51,144 | ||||||
| Estee Lauder Cos., Inc. (The) Class A |
508 | 32,954 | ||||||
| NBTY, Inc.* |
279 | 13,386 | ||||||
| Nu Skin Enterprises, Inc. Class A |
276 | 8,032 | ||||||
| Total Personal Products | 121,733 | |||||||
| Pharmaceuticals – 6.4% | ||||||||
| Abbott Laboratories |
8,219 | 432,977 | ||||||
| Allergan, Inc. |
818 | 53,432 | ||||||
| Bristol-Myers Squibb Co. |
9,546 | 254,878 | ||||||
| Endo Pharmaceuticals Holdings, Inc.* |
847 | 20,065 | ||||||
| Forest Laboratories, Inc.* |
1,857 | 58,236 | ||||||
| Johnson & Johnson |
14,702 | 958,570 | ||||||
| Merck & Co., Inc. |
13,442 | 502,059 | ||||||
| Mylan, Inc.(a) |
490 | 11,128 | ||||||
| Par Pharmaceutical Cos., Inc.* |
364 | 9,027 | ||||||
| Perrigo Co. |
456 | 26,776 | ||||||
| Pfizer, Inc. |
41,598 | 713,406 | ||||||
| Questcor Pharmaceuticals, Inc.* |
822 | 6,765 | ||||||
| Watson Pharmaceuticals, Inc.* |
566 | 23,642 | ||||||
| Total Pharmaceuticals | 3,070,961 | |||||||
| Professional Services – 0.2% | ||||||||
| Administaff, Inc. |
177 | 3,777 | ||||||
| Corporate Executive Board Co. (The) |
200 | 5,318 | ||||||
| Dun & Bradstreet Corp. |
294 | 21,880 | ||||||
| Equifax, Inc.(a) |
477 | 17,077 | ||||||
| FTI Consulting, Inc.* |
160 | 6,291 | ||||||
| Investments | Shares | Value | ||||||
| IHS, Inc. Class A* |
296 | $ | 15,827 | |||||
| Manpower, Inc. |
154 | 8,796 | ||||||
| Robert Half International, Inc.(a) |
254 | 7,729 | ||||||
| Towers Watson & Co. Class A |
158 | 7,505 | ||||||
| Total Professional Services | 94,200 | |||||||
| Real Estate Investment Trusts (REITs) – 0.9% | ||||||||
| Alexander’s, Inc.* |
49 | 14,657 | ||||||
| Alexandria Real Estate Equities, Inc. |
88 | 5,949 | ||||||
| BioMed Realty Trust, Inc. |
341 | 5,640 | ||||||
| Boston Properties, Inc. |
87 | 6,563 | ||||||
| BRE Properties, Inc. |
112 | 4,004 | ||||||
| Cogdell Spencer, Inc. |
1,577 | 11,670 | ||||||
| DiamondRock Hospitality Co.* |
623 | 6,299 | ||||||
| Digital Realty Trust, Inc.(a) |
186 | 10,081 | ||||||
| Equity Lifestyle Properties, Inc. |
182 | 9,806 | ||||||
| Equity One, Inc. |
234 | 4,420 | ||||||
| Essex Property Trust, Inc. |
110 | 9,894 | ||||||
| Extra Space Storage, Inc. |
776 | 9,840 | ||||||
| Federal Realty Investment Trust |
90 | 6,553 | ||||||
| Getty Realty Corp. |
394 | 9,220 | ||||||
| HCP, Inc. |
321 | 10,593 | ||||||
| Health Care REIT, Inc. |
179 | 8,096 | ||||||
| Hospitality Properties Trust |
865 | 20,717 | ||||||
| HRPT Properties Trust |
1,399 | 10,884 | ||||||
| Liberty Property Trust(a) |
248 | 8,417 | ||||||
| LTC Properties, Inc. |
325 | 8,794 | ||||||
| Macerich Co. (The) |
521 | 19,959 | ||||||
| Mack-Cali Realty Corp. |
178 | 6,274 | ||||||
| Medical Properties Trust, Inc. |
937 | 9,820 | ||||||
| National Health Investors, Inc. |
135 | 5,233 | ||||||
| National Retail Properties, Inc. |
315 | 7,191 | ||||||
| Nationwide Health Properties, Inc. |
225 | 7,909 | ||||||
| Omega Healthcare Investors, Inc. |
297 | 5,789 | ||||||
| Plum Creek Timber Co., Inc.(a) |
691 | 26,887 | ||||||
| Potlatch Corp. |
138 | 4,836 | ||||||
| Public Storage |
648 | 59,610 | ||||||
| Rayonier, Inc. |
525 | 23,851 | ||||||
| Realty Income Corp.(a) |
206 | 6,322 | ||||||
| Senior Housing Properties Trust |
350 | 7,752 | ||||||
| Simon Property Group, Inc. |
348 | 29,197 | ||||||
| Ventas, Inc. |
275 | 13,057 | ||||||
| Weingarten Realty Investors(a) |
255 | 5,498 | ||||||
| Total Real Estate Investment Trusts (REITs) | 421,282 | |||||||
| Real Estate Management & Development – 0.0% | ||||||||
| Forestar Group, Inc.* |
414 | 7,816 | ||||||
| Road & Rail – 0.8% | ||||||||
| CSX Corp. |
1,923 | 97,881 | ||||||
| Genesee & Wyoming, Inc. Class A* |
114 | 3,890 | ||||||
| Heartland Express, Inc. |
226 | 3,729 | ||||||
| JB Hunt Transport Services, Inc. |
344 | 12,343 | ||||||
| Kansas City Southern* |
131 | 4,738 | ||||||
| Knight Transportation, Inc. |
184 | 3,881 | ||||||
| Landstar System, Inc. |
142 | 5,961 | ||||||
See Notes to Financial Statements.
| 24 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Norfolk Southern Corp. |
1,644 | $ | 91,883 | |||||
| Old Dominion Freight Line, Inc.* |
161 | 5,376 | ||||||
| Union Pacific Corp. |
2,335 | 171,155 | ||||||
| Werner Enterprises, Inc. |
188 | 4,356 | ||||||
| Total Road & Rail | 405,193 | |||||||
| Semiconductors & Semiconductor Equipment – 0.9% |
||||||||
| Altera Corp. |
848 | 20,615 | ||||||
| Amkor Technology, Inc.*(a) |
1,509 | 10,669 | ||||||
| Analog Devices, Inc. |
761 | 21,932 | ||||||
| Cymer, Inc.* |
229 | 8,542 | ||||||
| Hittite Microwave Corp.* |
211 | 9,278 | ||||||
| Intel Corp. |
9,925 | 220,930 | ||||||
| Linear Technology Corp. |
762 | 21,549 | ||||||
| Microchip Technology, Inc.(a) |
373 | 10,504 | ||||||
| PMC – Sierra, Inc.* |
1 | 9 | ||||||
| Sigma Designs, Inc.*(a) |
501 | 5,877 | ||||||
| Skyworks Solutions, Inc.* |
416 | 6,489 | ||||||
| Tessera Technologies, Inc.* |
362 | 7,341 | ||||||
| Texas Instruments, Inc. |
2,944 | 72,040 | ||||||
| Xilinx, Inc. |
987 | 25,168 | ||||||
| Total Semiconductors & Semiconductor Equipment | 440,943 | |||||||
| Software – 4.3% | ||||||||
| Activision Blizzard, Inc. |
2,529 | 30,500 | ||||||
| Adobe Systems, Inc.* |
1,371 | 48,492 | ||||||
| Ansys, Inc.* |
204 | 8,800 | ||||||
| BMC Software, Inc.* |
799 | 30,362 | ||||||
| CA, Inc. |
2,608 | 61,210 | ||||||
| Citrix Systems, Inc.* |
346 | 16,425 | ||||||
| Compuware Corp.* |
1,102 | 9,257 | ||||||
| FactSet Research Systems, Inc.(a) |
156 | 11,446 | ||||||
| Fair Isaac Corp. |
298 | 7,551 | ||||||
| Informatica Corp.* |
274 | 7,360 | ||||||
| Intuit, Inc.* |
1,211 | 41,586 | ||||||
| Jack Henry & Associates, Inc. |
294 | 7,074 | ||||||
| McAfee, Inc.* |
211 | 8,467 | ||||||
| MICROS Systems, Inc.* |
345 | 11,344 | ||||||
| Microsoft Corp. |
38,163 | 1,117,031 | ||||||
| MicroStrategy, Inc. Class A* |
98 | 8,337 | ||||||
| Net 1 UEPS Technologies, Inc.* |
409 | 7,521 | ||||||
| Oracle Corp. |
19,394 | 498,232 | ||||||
| Parametric Technology Corp.* |
409 | 7,382 | ||||||
| Progress Software Corp.* |
184 | 5,783 | ||||||
| Quest Software, Inc.* |
525 | 9,340 | ||||||
| Red Hat, Inc.* |
366 | 10,713 | ||||||
| S1 Corp.* |
1,464 | 8,637 | ||||||
| Salesforce.com, Inc.* |
138 | 10,274 | ||||||
| Sybase, Inc.* |
348 | 16,224 | ||||||
| Synopsys, Inc.* |
910 | 20,357 | ||||||
| TeleCommunication Systems, Inc. Class A* |
1,033 | 7,572 | ||||||
| TIBCO Software, Inc.* |
617 | 6,657 | ||||||
| Tyler Technologies, Inc.* |
474 | 8,883 | ||||||
| Investments | Shares | Value | ||||||
| VMware, Inc. Class A* |
500 | $ | 26,650 | |||||
| Total Software | 2,069,467 | |||||||
| Specialty Retail – 2.8% | ||||||||
| Aaron’s, Inc. |
177 | 5,901 | ||||||
| Advance Auto Parts, Inc.(a) |
557 | 23,349 | ||||||
| Aeropostale, Inc.* |
580 | 16,721 | ||||||
| American Eagle Outfitters, Inc. |
638 | 11,816 | ||||||
| AutoNation, Inc.*(a) |
1,093 | 19,761 | ||||||
| AutoZone, Inc.* |
342 | 59,197 | ||||||
| Barnes & Noble, Inc. |
320 | 6,918 | ||||||
| Bed Bath & Beyond, Inc.*(a) |
1,058 | 46,298 | ||||||
| Best Buy Co., Inc. |
2,221 | 94,481 | ||||||
| Buckle, Inc. (The)(a) |
248 | 9,116 | ||||||
| Cabela’s, Inc.*(a) |
550 | 9,620 | ||||||
| CarMax, Inc.*(a) |
596 | 14,972 | ||||||
| Cato Corp. (The) Class A |
455 | 9,755 | ||||||
| Childrens Place Retail Stores, Inc. (The)* |
301 | 13,410 | ||||||
| Collective Brands, Inc.* |
317 | 7,209 | ||||||
| Dick’s Sporting Goods, Inc.* |
457 | 11,932 | ||||||
| Dress Barn, Inc.* |
390 | 10,202 | ||||||
| GameStop Corp. Class A* |
1,445 | 31,660 | ||||||
| Gap, Inc. (The) |
3,840 | 88,742 | ||||||
| Group 1 Automotive, Inc.* |
324 | 10,323 | ||||||
| Guess ?, Inc. |
415 | 19,497 | ||||||
| Gymboree Corp.* |
200 | 10,326 | ||||||
| Home Depot, Inc. |
6,964 | 225,285 | ||||||
| J Crew Group, Inc.*(a) |
157 | 7,206 | ||||||
| JOS A Bank Clothiers, Inc.* |
120 | 6,558 | ||||||
| Lowe’s Cos., Inc. |
6,091 | 147,646 | ||||||
| Ltd. Brands, Inc. |
1,049 | 25,826 | ||||||
| Men’s Wearhouse, Inc. (The) |
278 | 6,655 | ||||||
| O’Reilly Automotive, Inc.* |
663 | 27,654 | ||||||
| PetSmart, Inc. |
463 | 14,798 | ||||||
| RadioShack Corp. |
870 | 19,688 | ||||||
| Rent-A-Center, Inc.* |
847 | 20,032 | ||||||
| Ross Stores, Inc. |
795 | 42,509 | ||||||
| Sally Beauty Holdings, Inc.* |
785 | 7,002 | ||||||
| Sherwin-Williams Co. (The) |
589 | 39,864 | ||||||
| Staples, Inc. |
2,609 | 61,025 | ||||||
| Systemax, Inc. |
364 | 7,913 | ||||||
| Tiffany & Co. |
304 | 14,437 | ||||||
| TJX Cos., Inc. |
2,399 | 102,006 | ||||||
| Tractor Supply Co. |
116 | 6,734 | ||||||
| Urban Outfitters, Inc.* |
432 | 16,429 | ||||||
| Total Specialty Retail | 1,330,473 | |||||||
| Textiles, Apparel & Luxury Goods – 0.8% | ||||||||
| Carter’s, Inc.* |
228 | 6,874 | ||||||
| Coach, Inc. |
1,442 | 56,988 | ||||||
| Columbia Sportswear Co.(a) |
160 | 8,405 | ||||||
| Deckers Outdoor Corp.* |
65 | 8,970 | ||||||
| Fossil, Inc.* |
202 | 7,623 | ||||||
| Hanesbrands, Inc.* |
209 | 5,814 | ||||||
| Iconix Brand Group, Inc.* |
369 | 5,668 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 25 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Total Earnings Fund (EXT)
March 31, 2010
| Investments | Shares | Value | ||||||
| Maidenform Brands, Inc.* |
552 | $ | 12,061 | |||||
| NIKE, Inc. Class B |
2,288 | 168,168 | ||||||
| Phillips-Van Heusen Corp. |
141 | 8,088 | ||||||
| Polo Ralph Lauren Corp. |
419 | 35,632 | ||||||
| Timberland Co. (The) Class A* |
275 | 5,868 | ||||||
| Under Armour, Inc. Class A*(a) |
132 | 3,882 | ||||||
| Unifirst Corp. |
121 | 6,232 | ||||||
| VF Corp. |
479 | 38,392 | ||||||
| Warnaco Group, Inc. (The)* |
211 | 10,067 | ||||||
| Wolverine World Wide, Inc. |
223 | 6,503 | ||||||
| Total Textiles, Apparel & Luxury Goods | 395,235 | |||||||
| Thrifts & Mortgage Finance – 0.3% | ||||||||
| Astoria Financial Corp. |
249 | 3,611 | ||||||
| Capitol Federal Financial |
96 | 3,596 | ||||||
| Dime Community Bancshares |
807 | 10,192 | ||||||
| First Niagara Financial Group, Inc. |
319 | 4,536 | ||||||
| Flushing Financial Corp. |
841 | 10,647 | ||||||
| Hudson City Bancorp, Inc. |
3,018 | 42,735 | ||||||
| New York Community Bancorp, Inc.(a) |
1,921 | 31,773 | ||||||
| NewAlliance Bancshares, Inc. |
758 | 9,566 | ||||||
| Northwest Bancshares, Inc. |
392 | 4,602 | ||||||
| People’s United Financial, Inc. |
541 | 8,461 | ||||||
| TFS Financial Corp. |
299 | 3,992 | ||||||
| Washington Federal, Inc. |
211 | 4,288 | ||||||
| Total Thrifts & Mortgage Finance | 137,999 | |||||||
| Tobacco – 2.2% | ||||||||
| Alliance One International, Inc.* |
2,012 | 10,241 | ||||||
| Altria Group, Inc. |
12,777 | 262,184 | ||||||
| Lorillard, Inc. |
980 | 73,735 | ||||||
| Philip Morris International, Inc. |
10,771 | 561,815 | ||||||
| Reynolds American, Inc. |
1,806 | 97,488 | ||||||
| Universal Corp. |
365 | 19,232 | ||||||
| Vector Group Ltd. |
302 | 4,660 | ||||||
| Total Tobacco | 1,029,355 | |||||||
| Trading Companies & Distributors – 0.3% | ||||||||
| Applied Industrial Technologies, Inc. |
269 | 6,685 | ||||||
| Beacon Roofing Supply, Inc.* |
553 | 10,579 | ||||||
| Fastenal Co.(a) |
367 | 17,612 | ||||||
| GATX Corp. |
321 | 9,196 | ||||||
| H&E Equipment Services, Inc.* |
481 | 5,185 | ||||||
| Interline Brands, Inc.* |
294 | 5,627 | ||||||
| MSC Industrial Direct Co. Class A |
269 | 13,644 | ||||||
| TAL International Group, Inc. |
250 | 4,995 | ||||||
| W.W. Grainger, Inc. |
366 | 39,572 | ||||||
| Watsco, Inc. |
109 | 6,200 | ||||||
| WESCO International, Inc.* |
569 | 19,750 | ||||||
| Total Trading Companies & Distributors | 139,045 | |||||||
| Water Utilities – 0.1% | ||||||||
| American States Water Co. |
256 | 8,883 | ||||||
| American Water Works Co., Inc. |
712 | 15,493 | ||||||
| Aqua America, Inc. |
273 | 4,797 | ||||||
| Total Water Utilities | 29,173 | |||||||
| Investments | Shares | Value | ||||||
| Wireless Telecommunication Services – 0.2% | ||||||||
| American Tower Corp. Class A* |
556 | $ | 23,691 | |||||
| MetroPCS Communications, Inc.*(a) |
1,691 | 11,972 | ||||||
| NII Holdings, Inc.* |
866 | 36,077 | ||||||
| Syniverse Holdings, Inc.* |
459 | 8,937 | ||||||
| Telephone & Data Systems, Inc. |
796 | 26,945 | ||||||
| USA Mobility, Inc. |
876 | 11,099 | ||||||
| Total Wireless Telecommunication Services | 118,721 | |||||||
| TOTAL COMMON STOCKS (Cost: $48,008,799) |
47,631,448 | |||||||
| SHORT-TERM INVESTMENT – 1.0% | ||||||||
| MONEY MARKET FUND – 1.0% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $478,182) | 478,182 | 478,182 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.7% | ||||||||
| MONEY MARKET FUND – 2.7% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $1,285,010)(d) | 1,285,010 | 1,285,010 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 103.4% (Cost: $49,771,991) | 49,394,640 | |||||||
| Liabilities in Excess of Other Assets – (3.4)% |
(1,605,657 | ) | ||||||
| NET ASSETS – 100.0% | $ | 47,788,983 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $1,251,514 and the total market value of the collateral held by the Fund was $1,285,010. |
See Notes to Financial Statements.
| 26 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments
WisdomTree Earnings 500 Fund (EPS)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% | ||||||||
| Aerospace & Defense – 3.0% | ||||||||
| Alliant Techsystems, Inc.* |
332 | $ | 26,992 | |||||
| General Dynamics Corp. |
4,462 | 344,467 | ||||||
| Goodrich Corp. |
1,250 | 88,150 | ||||||
| Honeywell International, Inc. |
6,231 | 282,077 | ||||||
| ITT Corp. |
1,171 | 62,777 | ||||||
| L-3 Communications Holdings, Inc. |
1,482 | 135,796 | ||||||
| Lockheed Martin Corp. |
3,528 | 293,600 | ||||||
| Northrop Grumman Corp. |
1,986 | 130,222 | ||||||
| Precision Castparts Corp. |
1,265 | 160,288 | ||||||
| Raytheon Co. |
4,034 | 230,422 | ||||||
| Rockwell Collins, Inc. |
1,427 | 89,316 | ||||||
| United Technologies Corp. |
6,523 | 480,158 | ||||||
| Total Aerospace & Defense | 2,324,265 | |||||||
| Air Freight & Logistics – 0.4% | ||||||||
| C.H. Robinson Worldwide, Inc.(a) |
909 | 50,768 | ||||||
| Expeditors International Washington, Inc. |
1,068 | 39,431 | ||||||
| United Parcel Service, Inc. Class B |
3,762 | 242,310 | ||||||
| Total Air Freight & Logistics | 332,509 | |||||||
| Automobiles – 0.0% | ||||||||
| Harley-Davidson, Inc. |
1,443 | 40,505 | ||||||
| Beverages – 2.8% | ||||||||
| Brown-Forman Corp. Class B(a) |
1,240 | 73,718 | ||||||
| Coca-Cola Co. (The) |
16,402 | 902,110 | ||||||
| Coca-Cola Enterprises, Inc. |
4,479 | 123,889 | ||||||
| Constellation Brands, Inc. Class A* |
744 | 12,231 | ||||||
| Dr. Pepper Snapple Group, Inc. |
2,706 | 95,170 | ||||||
| Hansen Natural Corp.* |
555 | 24,076 | ||||||
| Molson Coors Brewing Co. Class B |
1,513 | 63,637 | ||||||
| PepsiCo, Inc. |
13,678 | 904,937 | ||||||
| Total Beverages | 2,199,768 | |||||||
| Biotechnology – 1.9% | ||||||||
| Alexion Pharmaceuticals, Inc.* |
222 | 12,070 | ||||||
| Amgen, Inc.* |
12,513 | 747,777 | ||||||
| Biogen Idec, Inc.* |
2,603 | 149,308 | ||||||
| Celgene Corp.* |
1,059 | 65,616 | ||||||
| Cephalon, Inc.* |
659 | 44,667 | ||||||
| Genzyme Corp.* |
1,465 | 75,931 | ||||||
| Gilead Sciences, Inc.* |
8,279 | 376,529 | ||||||
| Total Biotechnology | 1,471,898 | |||||||
| Capital Markets – 2.4% | ||||||||
| Ameriprise Financial, Inc. |
645 | 29,257 | ||||||
| BlackRock, Inc. |
441 | 96,032 | ||||||
| Charles Schwab Corp. (The) |
7,687 | 143,670 | ||||||
| Eaton Vance Corp. |
633 | 21,231 | ||||||
| Franklin Resources, Inc. |
1,433 | 158,920 | ||||||
| Goldman Sachs Group, Inc. (The) |
4,692 | 800,596 | ||||||
| Northern Trust Corp. |
2,498 | 138,039 | ||||||
| Raymond James Financial, Inc. |
972 | 25,991 | ||||||
| SEI Investments Co. |
1,483 | 32,582 | ||||||
| State Street Corp. |
5,616 | 253,506 | ||||||
| Investments | Shares | Value | ||||||
| T. Rowe Price Group, Inc. |
1,136 | $ | 62,401 | |||||
| TD Ameritrade Holding Corp.*(a) |
5,233 | 99,741 | ||||||
| Total Capital Markets | 1,861,966 | |||||||
| Chemicals – 1.5% | ||||||||
| Air Products & Chemicals, Inc. |
1,094 | 80,901 | ||||||
| Airgas, Inc. |
718 | 45,679 | ||||||
| Albemarle Corp. |
458 | 19,525 | ||||||
| Celanese Corp. Series A |
1,471 | 46,851 | ||||||
| CF Industries Holdings, Inc. |
836 | 76,227 | ||||||
| Eastman Chemical Co. |
256 | 16,302 | ||||||
| Ecolab, Inc. |
1,126 | 49,488 | ||||||
| FMC Corp. |
489 | 29,604 | ||||||
| International Flavors & Fragrances, Inc.(a) |
572 | 27,267 | ||||||
| Lubrizol Corp. |
606 | 55,582 | ||||||
| Monsanto Co. |
3,751 | 267,897 | ||||||
| Mosaic Co. (The) |
2,325 | 141,290 | ||||||
| PPG Industries, Inc. |
558 | 36,493 | ||||||
| Praxair, Inc. |
1,946 | 161,518 | ||||||
| Sigma-Aldrich Corp.(a) |
935 | 50,172 | ||||||
| Terra Industries, Inc. |
1,580 | 72,301 | ||||||
| Total Chemicals | 1,177,097 | |||||||
| Commercial Banks – 1.8% | ||||||||
| BB&T Corp. |
4,433 | 143,585 | ||||||
| BOK Financial Corp. |
582 | 30,520 | ||||||
| Commerce Bancshares, Inc. |
604 | 24,849 | ||||||
| Cullen/Frost Bankers, Inc. |
538 | 30,020 | ||||||
| M&T Bank Corp.(a) |
670 | 53,185 | ||||||
| PNC Financial Services Group, Inc. |
1,862 | 111,161 | ||||||
| U.S. Bancorp |
9,542 | 246,947 | ||||||
| Wells Fargo & Co. |
24,628 | 766,423 | ||||||
| Total Commercial Banks | 1,406,690 | |||||||
| Commercial Services & Supplies – 0.4% | ||||||||
| Cintas Corp.(a) |
1,111 | 31,208 | ||||||
| Corrections Corp. of America* |
886 | 17,596 | ||||||
| Iron Mountain, Inc. |
1,017 | 27,866 | ||||||
| Pitney Bowes, Inc.(a) |
2,194 | 53,643 | ||||||
| Republic Services, Inc. |
1,282 | 37,204 | ||||||
| Stericycle, Inc.* |
451 | 24,579 | ||||||
| Waste Management, Inc. |
4,056 | 139,648 | ||||||
| Total Commercial Services & Supplies | 331,744 | |||||||
| Communications Equipment – 1.9% | ||||||||
| 3Com Corp.* |
632 | 4,860 | ||||||
| Cisco Systems, Inc.* |
36,733 | 956,160 | ||||||
| F5 Networks, Inc.* |
268 | 16,485 | ||||||
| Harris Corp. |
1,301 | 61,784 | ||||||
| Juniper Networks, Inc.* |
1,417 | 43,474 | ||||||
| QUALCOMM, Inc. |
9,209 | 386,686 | ||||||
| Total Communications Equipment | 1,469,449 | |||||||
| Computers & Peripherals – 5.5% | ||||||||
| Apple, Inc.* |
4,403 | 1,034,397 | ||||||
| Dell, Inc.* |
16,161 | 242,577 | ||||||
| EMC Corp.* |
8,553 | 154,296 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 27 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund (EPS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Hewlett-Packard Co. |
20,764 | $ | 1,103,606 | |||||
| International Business Machines Corp. |
11,936 | 1,530,792 | ||||||
| NetApp, Inc.* |
1,261 | 41,058 | ||||||
| Teradata Corp.* |
1,143 | 33,021 | ||||||
| Western Digital Corp.* |
2,212 | 86,246 | ||||||
| Total Computers & Peripherals | 4,225,993 | |||||||
| Construction & Engineering – 0.4% | ||||||||
| Aecom Technology Corp.* |
1,027 | 29,136 | ||||||
| Fluor Corp. |
2,384 | 110,880 | ||||||
| Jacobs Engineering Group, Inc.* |
1,492 | 67,424 | ||||||
| KBR, Inc. |
2,439 | 54,048 | ||||||
| Quanta Services, Inc.* |
1,176 | 22,532 | ||||||
| URS Corp.* |
804 | 39,886 | ||||||
| Total Construction & Engineering | 323,906 | |||||||
| Construction Materials – 0.0% | ||||||||
| Martin Marietta Materials, Inc.(a) |
218 | 18,214 | ||||||
| Vulcan Materials Co. |
29 | 1,370 | ||||||
| Total Construction Materials | 19,584 | |||||||
| Consumer Finance – 0.1% | ||||||||
| American Express Co. |
2,777 | 114,579 | ||||||
| Containers & Packaging – 0.2% | ||||||||
| Ball Corp. |
806 | 43,024 | ||||||
| Bemis Co., Inc. |
811 | 23,292 | ||||||
| Crown Holdings, Inc.* |
799 | 21,541 | ||||||
| Pactiv Corp.* |
1,054 | 26,540 | ||||||
| Sealed Air Corp.(a) |
1,546 | 32,590 | ||||||
| Sonoco Products Co. |
499 | 15,364 | ||||||
| Total Containers & Packaging | 162,351 | |||||||
| Distributors – 0.1% | ||||||||
| Genuine Parts Co. |
1,330 | 56,179 | ||||||
| Diversified Consumer Services – 0.3% | ||||||||
| Apollo Group, Inc. Class A* |
1,590 | 97,451 | ||||||
| DeVry, Inc. |
564 | 36,773 | ||||||
| H&R Block, Inc. |
3,655 | 65,059 | ||||||
| ITT Educational Services, Inc.* |
418 | 47,017 | ||||||
| Total Diversified Consumer Services | 246,300 | |||||||
| Diversified Financial Services – 2.2% | ||||||||
| Bank of America Corp. |
39,205 | 699,809 | ||||||
| CME Group, Inc. |
393 | 124,231 | ||||||
| IntercontinentalExchange, Inc.* |
410 | 45,994 | ||||||
| JPMorgan Chase & Co. |
15,793 | 706,737 | ||||||
| Moody’s Corp.(a) |
2,167 | 64,468 | ||||||
| MSCI, Inc. Class A* |
306 | 11,047 | ||||||
| NASDAQ OMX Group (The)* |
2,312 | 48,829 | ||||||
| Total Diversified Financial Services | 1,701,115 | |||||||
| Diversified Telecommunication Services – 2.5% | ||||||||
| AT&T, Inc. |
43,792 | 1,131,585 | ||||||
| CenturyTel, Inc. |
1,676 | 59,431 | ||||||
| Qwest Communications International, Inc. |
9,752 | 50,905 | ||||||
| Verizon Communications, Inc. |
19,528 | 605,759 | ||||||
| Investments | Shares | Value | ||||||
| Windstream Corp. |
4,821 | $ | 52,501 | |||||
| Total Diversified Telecommunication Services | 1,900,181 | |||||||
| Electric Utilities – 2.2% | ||||||||
| Allegheny Energy, Inc. |
1,730 | 39,790 | ||||||
| American Electric Power Co., Inc. |
4,360 | 149,025 | ||||||
| DPL, Inc. |
1,242 | 33,770 | ||||||
| Duke Energy Corp. |
10,203 | 166,513 | ||||||
| Edison International |
2,725 | 93,113 | ||||||
| Entergy Corp. |
1,896 | 154,239 | ||||||
| Exelon Corp. |
7,249 | 317,579 | ||||||
| FirstEnergy Corp. |
2,128 | 83,183 | ||||||
| FPL Group, Inc. |
4,208 | 203,373 | ||||||
| Northeast Utilities |
1,326 | 36,651 | ||||||
| Pepco Holdings, Inc. |
1,663 | 28,520 | ||||||
| Pinnacle West Capital Corp. |
104 | 3,924 | ||||||
| PPL Corp. |
2,001 | 55,448 | ||||||
| Progress Energy, Inc. |
2,705 | 106,469 | ||||||
| Southern Co. |
6,643 | 220,282 | ||||||
| Total Electric Utilities | 1,691,879 | |||||||
| Electrical Equipment – 0.6% | ||||||||
| AMETEK, Inc. |
669 | 27,737 | ||||||
| Emerson Electric Co. |
5,845 | 294,237 | ||||||
| First Solar, Inc.*(a) |
680 | 83,402 | ||||||
| Rockwell Automation, Inc. |
480 | 27,053 | ||||||
| Roper Industries, Inc. |
645 | 37,307 | ||||||
| Total Electrical Equipment | 469,736 | |||||||
| Electronic Equipment, Instruments & Components – 0.5% |
||||||||
| Amphenol Corp. Class A |
1,138 | 48,012 | ||||||
| Arrow Electronics, Inc.* |
526 | 15,849 | ||||||
| Avnet, Inc.* |
770 | 23,100 | ||||||
| Corning, Inc. |
12,536 | 253,353 | ||||||
| Dolby Laboratories, Inc. Class A* |
796 | 46,701 | ||||||
| FLIR Systems, Inc.* |
1,151 | 32,458 | ||||||
| Total Electronic Equipment, Instruments & Components | 419,473 | |||||||
| Energy Equipment & Services – 1.7% | ||||||||
| Baker Hughes, Inc.(a) |
2,897 | 135,696 | ||||||
| BJ Services Co. |
1,402 | 30,003 | ||||||
| Cameron International Corp.* |
2,079 | 89,106 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
2,088 | 185,435 | ||||||
| FMC Technologies, Inc.* |
915 | 59,136 | ||||||
| Halliburton Co. |
8,349 | 251,555 | ||||||
| Helmerich & Payne, Inc. |
1,339 | 50,989 | ||||||
| National Oilwell Varco, Inc. |
5,990 | 243,074 | ||||||
| Oceaneering International, Inc.* |
492 | 31,237 | ||||||
| Pride International, Inc.*(a) |
2,568 | 77,323 | ||||||
| Rowan Cos., Inc.*(a) |
2,168 | 63,111 | ||||||
| Smith International, Inc. |
1,848 | 79,131 | ||||||
| Total Energy Equipment & Services | 1,295,796 | |||||||
| Food & Staples Retailing – 5.0% | ||||||||
| Costco Wholesale Corp. |
2,831 | 169,039 | ||||||
See Notes to Financial Statements.
| 28 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund (EPS)
March 31, 2010
| Investments | Shares | Value | ||||||
| CVS Caremark Corp. |
17,333 | $ | 633,694 | |||||
| Kroger Co. (The) |
8,818 | 190,998 | ||||||
| Safeway, Inc. |
5,467 | 135,910 | ||||||
| SUPERVALU, Inc. |
3,538 | 59,014 | ||||||
| Sysco Corp. |
5,475 | 161,512 | ||||||
| Walgreen Co. |
7,952 | 294,940 | ||||||
| Wal-Mart Stores, Inc. |
39,220 | 2,180,632 | ||||||
| Whole Foods Market, Inc.* |
675 | 24,401 | ||||||
| Total Food & Staples Retailing | 3,850,140 | |||||||
| Food Products – 2.1% | ||||||||
| Archer-Daniels-Midland Co. |
5,231 | 151,176 | ||||||
| Campbell Soup Co. |
3,036 | 107,323 | ||||||
| ConAgra Foods, Inc. |
4,402 | 110,358 | ||||||
| Dean Foods Co.* |
2,125 | 33,341 | ||||||
| General Mills, Inc. |
2,649 | 187,523 | ||||||
| H.J. Heinz Co. |
2,718 | 123,968 | ||||||
| Hershey Co. (The) |
1,559 | 66,741 | ||||||
| Hormel Foods Corp.(a) |
1,249 | 52,471 | ||||||
| J.M. Smucker Co. (The) |
950 | 57,247 | ||||||
| Kellogg Co. |
2,998 | 160,183 | ||||||
| Kraft Foods, Inc. Class A |
11,609 | 351,056 | ||||||
| McCormick & Co., Inc. |
1,051 | 40,316 | ||||||
| Mead Johnson Nutrition Co. |
1,315 | 68,420 | ||||||
| Ralcorp Holdings, Inc.* |
604 | 40,939 | ||||||
| Sara Lee Corp. |
3,752 | 52,265 | ||||||
| Tyson Foods, Inc. Class A |
282 | 5,400 | ||||||
| Total Food Products | 1,608,727 | |||||||
| Gas Utilities – 0.2% | ||||||||
| Energen Corp. |
799 | 37,178 | ||||||
| EQT Corp. |
508 | 20,828 | ||||||
| National Fuel Gas Co. |
279 | 14,104 | ||||||
| Oneok, Inc. |
976 | 44,554 | ||||||
| Questar Corp. |
1,322 | 57,110 | ||||||
| Total Gas Utilities | 173,774 | |||||||
| Health Care Equipment & Supplies – 2.2% | ||||||||
| Baxter International, Inc. |
5,638 | 328,132 | ||||||
| Beckman Coulter, Inc. |
266 | 16,705 | ||||||
| Becton Dickinson and Co. |
2,441 | 192,180 | ||||||
| C.R. Bard, Inc. |
985 | 85,321 | ||||||
| DENTSPLY International, Inc. |
1,137 | 39,624 | ||||||
| Edwards Lifesciences Corp.* |
295 | 29,170 | ||||||
| Hospira, Inc.* |
1,314 | 74,438 | ||||||
| IDEXX Laboratories, Inc.*(a) |
317 | 18,243 | ||||||
| Intuitive Surgical, Inc.* |
111 | 38,642 | ||||||
| Inverness Medical Innovations, Inc.* |
76 | 2,960 | ||||||
| Medtronic, Inc. |
8,678 | 390,770 | ||||||
| ResMed, Inc.* |
458 | 29,152 | ||||||
| St. Jude Medical, Inc.* |
1,700 | 69,785 | ||||||
| Stryker Corp. |
3,273 | 187,281 | ||||||
| Varian Medical Systems, Inc.*(a) |
1,071 | 59,258 | ||||||
| Zimmer Holdings, Inc.* |
1,818 | 107,626 | ||||||
| Total Health Care Equipment & Supplies | 1,669,287 | |||||||
| Investments | Shares | Value | ||||||
| Health Care Providers & Services – 3.5% | ||||||||
| Aetna, Inc. |
5,622 | $ | 197,388 | |||||
| AmerisourceBergen Corp. |
2,926 | 84,620 | ||||||
| Cardinal Health, Inc. |
4,167 | 150,137 | ||||||
| CIGNA Corp. |
3,313 | 121,190 | ||||||
| Community Health Systems, Inc.* |
975 | 36,007 | ||||||
| Coventry Health Care, Inc.* |
1,778 | 43,952 | ||||||
| DaVita, Inc.* |
1,001 | 63,463 | ||||||
| Express Scripts, Inc.* |
1,471 | 149,689 | ||||||
| Henry Schein, Inc.* |
831 | 48,946 | ||||||
| Humana, Inc.* |
3,252 | 152,096 | ||||||
| Laboratory Corp. of America Holdings*(a) |
995 | 75,331 | ||||||
| McKesson Corp. |
2,820 | 185,330 | ||||||
| Medco Health Solutions, Inc.* |
2,873 | 185,481 | ||||||
| Patterson Cos., Inc. |
1,069 | 33,193 | ||||||
| Quest Diagnostics, Inc. |
1,732 | 100,958 | ||||||
| UnitedHealth Group, Inc. |
18,265 | 596,718 | ||||||
| WellPoint, Inc.* |
7,253 | 466,948 | ||||||
| Total Health Care Providers & Services | 2,691,447 | |||||||
| Health Care Technology – 0.0% | ||||||||
| Cerner Corp.*(a) |
368 | 31,302 | ||||||
| Hotels, Restaurants & Leisure – 1.4% | ||||||||
| Darden Restaurants, Inc. |
1,703 | 75,851 | ||||||
| International Game Technology |
1,276 | 23,542 | ||||||
| McDonald’s Corp. |
10,118 | 675,073 | ||||||
| Starbucks Corp.* |
2,534 | 61,500 | ||||||
| Starwood Hotels & Resorts Worldwide, Inc.(a) |
636 | 29,663 | ||||||
| Wyndham Worldwide Corp. |
1,390 | 35,765 | ||||||
| Yum! Brands, Inc. |
4,166 | 159,683 | ||||||
| Total Hotels, Restaurants & Leisure | 1,061,077 | |||||||
| Household Durables – 0.2% | ||||||||
| Fortune Brands, Inc. |
166 | 8,053 | ||||||
| Leggett & Platt, Inc. |
379 | 8,201 | ||||||
| Newell Rubbermaid, Inc. |
2,398 | 36,450 | ||||||
| NVR, Inc.* |
25 | 18,162 | ||||||
| Stanley Black & Decker, Inc. |
775 | 44,493 | ||||||
| Tupperware Brands Corp. |
566 | 27,292 | ||||||
| Whirlpool Corp. |
375 | 32,719 | ||||||
| Total Household Durables | 175,370 | |||||||
| Household Products – 2.8% | ||||||||
| Church & Dwight Co., Inc. |
562 | 37,626 | ||||||
| Clorox Co. |
1,318 | 84,536 | ||||||
| Colgate-Palmolive Co. |
3,716 | 316,826 | ||||||
| Energizer Holdings, Inc.* |
717 | 44,999 | ||||||
| Kimberly-Clark Corp. |
3,959 | 248,942 | ||||||
| Procter & Gamble Co. (The) |
23,088 | 1,460,778 | ||||||
| Total Household Products | 2,193,707 | |||||||
| Independent Power Producers & Energy Traders – 0.3% |
||||||||
| AES Corp. (The)* |
2,877 | 31,647 | ||||||
| Calpine Corp.* |
2,400 | 28,536 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund (EPS)
March 31, 2010
| Investments | Shares | Value | ||||||
| NRG Energy, Inc.* |
6,602 | $ | 137,982 | |||||
| Total Independent Power Producers & Energy Traders | 198,165 | |||||||
| Industrial Conglomerates – 2.8% | ||||||||
| 3M Co. |
4,033 | 337,038 | ||||||
| General Electric Co. |
99,434 | 1,809,699 | ||||||
| Total Industrial Conglomerates | 2,146,737 | |||||||
| Insurance – 6.6% | ||||||||
| Allstate Corp. (The) |
3,645 | 117,770 | ||||||
| American Family Life Assurance Co., Inc. |
6,999 | 379,976 | ||||||
| American Financial Group, Inc. |
3,215 | 91,467 | ||||||
| American National Insurance Co. |
35 | 3,974 | ||||||
| AON Corp. |
1,547 | 66,072 | ||||||
| Assurant, Inc. |
2,699 | 92,792 | ||||||
| Berkshire Hathaway, Inc. Class B* |
20,684 | 1,680,989 | ||||||
| Chubb Corp. |
6,679 | 346,306 | ||||||
| Cincinnati Financial Corp. |
1,303 | 37,657 | ||||||
| CNA Financial Corp.* |
3,670 | 98,062 | ||||||
| Fidelity National Financial, Inc. Class A |
1,490 | 22,082 | ||||||
| First American Corp. |
517 | 17,495 | ||||||
| HCC Insurance Holdings, Inc. |
1,897 | 52,357 | ||||||
| Lincoln National Corp. |
2,716 | 83,381 | ||||||
| Loews Corp. |
1,022 | 38,100 | ||||||
| Markel Corp.* |
121 | 45,334 | ||||||
| Marsh & McLennan Cos., Inc. |
670 | 16,361 | ||||||
| Metlife, Inc. |
4,198 | 181,941 | ||||||
| Principal Financial Group, Inc. |
4,069 | 118,856 | ||||||
| Progressive Corp. (The) |
8,289 | 158,237 | ||||||
| Prudential Financial, Inc. |
7,614 | 460,647 | ||||||
| Reinsurance Group of America, Inc. |
1,393 | 73,160 | ||||||
| Torchmark Corp. |
1,788 | 95,676 | ||||||
| Transatlantic Holdings, Inc. |
1,639 | 86,539 | ||||||
| Travelers Cos., Inc. (The) |
10,129 | 546,358 | ||||||
| Unum Group |
6,271 | 155,333 | ||||||
| W.R. Berkley Corp. |
2,224 | 58,024 | ||||||
| Total Insurance | 5,124,946 | |||||||
| Internet & Catalog Retail – 0.3% | ||||||||
| Amazon.com, Inc.* |
879 | 119,307 | ||||||
| NetFlix, Inc.*(a) |
271 | 19,983 | ||||||
| priceline.com, Inc.* |
301 | 76,755 | ||||||
| Total Internet & Catalog Retail | 216,045 | |||||||
| Internet Software & Services – 1.4% | ||||||||
| Akamai Technologies, Inc.*(a) |
835 | 26,227 | ||||||
| eBay, Inc.* |
9,321 | 251,201 | ||||||
| Equinix, Inc.* |
222 | 21,609 | ||||||
| Google, Inc. Class A* |
1,247 | 707,061 | ||||||
| VeriSign, Inc.* |
1,173 | 30,510 | ||||||
| Yahoo!, Inc.* |
3,033 | 50,136 | ||||||
| Total Internet Software & Services | 1,086,744 | |||||||
| IT Services – 2.0% | ||||||||
| Alliance Data Systems Corp.*(a) |
404 | 25,852 | ||||||
| Automatic Data Processing, Inc. |
4,544 | 202,072 | ||||||
| Investments | Shares | Value | ||||||
| Broadridge Financial Solutions, Inc. |
1,398 | $ | 29,889 | |||||
| Cognizant Technology Solutions Corp. Class A* |
1,739 | 88,654 | ||||||
| Computer Sciences Corp.* |
2,019 | 110,015 | ||||||
| Fidelity National Information Services, Inc. |
1,445 | 33,871 | ||||||
| Fiserv, Inc.* |
1,436 | 72,891 | ||||||
| Global Payments, Inc. |
419 | 19,086 | ||||||
| Hewitt Associates, Inc. Class A* |
860 | 34,211 | ||||||
| Lender Processing Services, Inc. |
883 | 33,333 | ||||||
| Mastercard, Inc. Class A |
829 | 210,566 | ||||||
| Paychex, Inc. |
2,404 | 73,803 | ||||||
| SAIC, Inc.* |
3,652 | 64,640 | ||||||
| Total System Services, Inc. |
1,928 | 30,193 | ||||||
| Visa, Inc. Class A |
4,007 | 364,757 | ||||||
| Western Union Co. (The) |
7,142 | 121,128 | ||||||
| Total IT Services | 1,514,961 | |||||||
| Leisure Equipment & Products – 0.1% | ||||||||
| Hasbro, Inc. |
1,376 | 52,673 | ||||||
| Mattel, Inc. |
2,857 | 64,968 | ||||||
| Total Leisure Equipment & Products | 117,641 | |||||||
| Life Sciences Tools & Services – 0.4% | ||||||||
| Covance, Inc.* |
469 | 28,792 | ||||||
| Illumina, Inc.*(a) |
469 | 18,244 | ||||||
| Mettler-Toledo International, Inc.* |
217 | 23,696 | ||||||
| Millipore Corp.* |
315 | 33,264 | ||||||
| Thermo Fisher Scientific, Inc.* |
2,536 | 130,452 | ||||||
| Waters Corp.* |
760 | 51,331 | ||||||
| Total Life Sciences Tools & Services | 285,779 | |||||||
| Machinery – 1.5% | ||||||||
| AGCO Corp.* |
901 | 32,319 | ||||||
| Bucyrus International, Inc. |
806 | 53,188 | ||||||
| Caterpillar, Inc. |
2,493 | 156,685 | ||||||
| Cummins, Inc. |
484 | 29,984 | ||||||
| Danaher Corp. |
2,234 | 178,519 | ||||||
| Deere & Co. |
2,390 | 142,109 | ||||||
| Donaldson Co., Inc. |
410 | 18,499 | ||||||
| Dover Corp. |
1,558 | 72,836 | ||||||
| Eaton Corp. |
788 | 59,707 | ||||||
| Flowserve Corp. |
654 | 72,117 | ||||||
| Illinois Tool Works, Inc. |
2,503 | 118,542 | ||||||
| Joy Global, Inc. |
1,103 | 62,430 | ||||||
| PACCAR, Inc. |
734 | 31,811 | ||||||
| Pall Corp. |
808 | 32,716 | ||||||
| Parker Hannifin Corp. |
805 | 52,116 | ||||||
| Pentair, Inc. |
410 | 14,604 | ||||||
| Total Machinery | 1,128,182 | |||||||
| Media – 2.6% | ||||||||
| Cablevision Systems Corp. Class A |
901 | 21,750 | ||||||
| CBS Corp. Class B |
2,288 | 31,895 | ||||||
| Comcast Corp. Class A |
27,587 | 519,187 | ||||||
| DIRECTV Class A* |
5,852 | 197,856 | ||||||
| Discovery Communications, Inc. Class C* |
2,734 | 80,407 | ||||||
| DISH Network Corp. Class A |
6,706 | 139,619 | ||||||
See Notes to Financial Statements.
| 30 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund (EPS)
March 31, 2010
| Investments | Shares | Value | ||||||
| DreamWorks Animation SKG, Inc. Class A* |
581 | $ | 22,886 | |||||
| Interpublic Group of Cos., Inc.* |
3,365 | 27,997 | ||||||
| Madison Square Garden, Inc. Class A* |
225 | 4,889 | ||||||
| McGraw-Hill Cos., Inc. (The) |
2,646 | 94,330 | ||||||
| Omnicom Group, Inc. |
3,261 | 126,559 | ||||||
| Scripps Networks Interactive, Inc. Class A |
1,086 | 48,164 | ||||||
| Viacom, Inc. Class B* |
5,383 | 185,068 | ||||||
| Walt Disney Co. (The) |
14,060 | 490,835 | ||||||
| Washington Post Co. (The) Class B |
30 | 13,325 | ||||||
| Total Media | 2,004,767 | |||||||
| Metals & Mining – 0.4% | ||||||||
| Cliffs Natural Resources, Inc. |
542 | 38,455 | ||||||
| Newmont Mining Corp. |
2,279 | 116,070 | ||||||
| Reliance Steel & Aluminum Co.(a) |
414 | 20,381 | ||||||
| Southern Copper Corp. |
2,478 | 78,478 | ||||||
| Walter Energy, Inc. |
697 | 64,312 | ||||||
| Total Metals & Mining | 317,696 | |||||||
| Multiline Retail – 0.9% | ||||||||
| Dollar Tree, Inc.* |
821 | 48,620 | ||||||
| Family Dollar Stores, Inc. |
1,542 | 56,453 | ||||||
| J.C. Penney Co., Inc. |
561 | 18,047 | ||||||
| Kohl’s Corp.* |
2,471 | 135,361 | ||||||
| Nordstrom, Inc. |
1,372 | 56,046 | ||||||
| Target Corp. |
6,680 | 351,368 | ||||||
| Total Multiline Retail | 665,895 | |||||||
| Multi-Utilities – 1.6% | ||||||||
| Alliant Energy Corp. |
372 | 12,373 | ||||||
| Ameren Corp. |
2,466 | 64,313 | ||||||
| Centerpoint Energy, Inc. |
2,962 | 42,534 | ||||||
| CMS Energy Corp.(a) |
1,882 | 29,096 | ||||||
| Consolidated Edison, Inc. |
1,590 | 70,819 | ||||||
| Dominion Resources, Inc. |
5,930 | 243,782 | ||||||
| DTE Energy Co. |
1,430 | 63,778 | ||||||
| Integrys Energy Group, Inc.(a) |
410 | 19,426 | ||||||
| NiSource, Inc. |
1,628 | 25,722 | ||||||
| NSTAR |
838 | 29,682 | ||||||
| OGE Energy Corp. |
940 | 36,604 | ||||||
| PG&E Corp. |
3,084 | 130,823 | ||||||
| Public Service Enterprise Group, Inc. |
6,485 | 191,437 | ||||||
| SCANA Corp. |
1,259 | 47,326 | ||||||
| Sempra Energy |
2,792 | 139,321 | ||||||
| TECO Energy, Inc. |
1,478 | 23,485 | ||||||
| Wisconsin Energy Corp. |
446 | 22,037 | ||||||
| Xcel Energy, Inc. |
3,821 | 81,005 | ||||||
| Total Multi-Utilities | 1,273,563 | |||||||
| Office Electronics – 0.1% | ||||||||
| Xerox Corp. |
8,924 | 87,009 | ||||||
| Oil, Gas & Consumable Fuels – 8.0% | ||||||||
| Alpha Natural Resources, Inc.* |
142 | 7,084 | ||||||
| Arch Coal, Inc. |
649 | 14,830 | ||||||
| Cabot Oil & Gas Corp. |
457 | 16,818 | ||||||
| Chevron Corp. |
19,458 | 1,475,500 | ||||||
| Investments | Shares | Value | ||||||
| CNX Gas Corp.* |
944 | $ | 35,919 | |||||
| Concho Resources, Inc.* |
338 | 17,022 | ||||||
| Consol Energy, Inc. |
1,781 | 75,977 | ||||||
| Continental Resources, Inc.* |
78 | 3,319 | ||||||
| EOG Resources, Inc. |
1,088 | 101,119 | ||||||
| Exxon Mobil Corp. |
46,009 | 3,081,683 | ||||||
| Hess Corp. |
770 | 48,164 | ||||||
| Marathon Oil Corp. |
7,291 | 230,687 | ||||||
| Massey Energy Co. |
425 | 22,223 | ||||||
| Murphy Oil Corp. |
1,555 | 87,375 | ||||||
| Noble Energy, Inc. |
426 | 31,098 | ||||||
| Occidental Petroleum Corp. |
4,716 | 398,691 | ||||||
| Peabody Energy Corp. |
2,059 | 94,096 | ||||||
| Range Resources Corp. |
197 | 9,233 | ||||||
| Spectra Energy Corp. |
5,867 | 132,184 | ||||||
| Williams Cos., Inc. (The) |
2,779 | 64,195 | ||||||
| XTO Energy, Inc. |
5,799 | 273,597 | ||||||
| Total Oil, Gas & Consumable Fuels | 6,220,814 | |||||||
| Paper & Forest Products – 0.1% | ||||||||
| International Paper Co. |
3,002 | 73,879 | ||||||
| Personal Products – 0.2% | ||||||||
| Avon Products, Inc. |
2,651 | 89,790 | ||||||
| Estee Lauder Cos., Inc. (The) Class A |
914 | 59,291 | ||||||
| Total Personal Products | 149,081 | |||||||
| Pharmaceuticals – 7.2% | ||||||||
| Abbott Laboratories |
15,173 | 799,314 | ||||||
| Allergan, Inc. |
1,351 | 88,247 | ||||||
| Bristol-Myers Squibb Co. |
17,444 | 465,755 | ||||||
| Forest Laboratories, Inc.* |
3,437 | 107,784 | ||||||
| Johnson & Johnson |
27,029 | 1,762,291 | ||||||
| Merck & Co., Inc. |
24,818 | 926,952 | ||||||
| Mylan, Inc.(a) |
908 | 20,621 | ||||||
| Perrigo Co. |
658 | 38,638 | ||||||
| Pfizer, Inc. |
76,580 | 1,313,347 | ||||||
| Watson Pharmaceuticals, Inc.* |
911 | 38,052 | ||||||
| Total Pharmaceuticals | 5,561,001 | |||||||
| Professional Services – 0.2% | ||||||||
| Dun & Bradstreet Corp. |
483 | 35,945 | ||||||
| Equifax, Inc.(a) |
1,070 | 38,306 | ||||||
| IHS, Inc. Class A* |
354 | 18,928 | ||||||
| Manpower, Inc. |
232 | 13,252 | ||||||
| Robert Half International, Inc.(a) |
391 | 11,898 | ||||||
| Total Professional Services | 118,329 | |||||||
| Real Estate Investment Trusts (REITs) – 0.5% | ||||||||
| AvalonBay Communities, Inc. |
123 | 10,621 | ||||||
| Boston Properties, Inc. |
197 | 14,862 | ||||||
| Digital Realty Trust, Inc.(a) |
144 | 7,805 | ||||||
| Federal Realty Investment Trust |
264 | 19,222 | ||||||
| HCP, Inc. |
518 | 17,094 | ||||||
| Health Care REIT, Inc. |
432 | 19,539 | ||||||
| Liberty Property Trust(a) |
594 | 20,160 | ||||||
| Nationwide Health Properties, Inc. |
504 | 17,715 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund (EPS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Plum Creek Timber Co., Inc. |
1,203 | $ | 46,809 | |||||
| Public Storage |
1,130 | 103,949 | ||||||
| Rayonier, Inc.(a) |
881 | 40,024 | ||||||
| Simon Property Group, Inc. |
637 | 53,444 | ||||||
| Ventas, Inc. |
640 | 30,387 | ||||||
| Total Real Estate Investment Trusts (REITs) | 401,631 | |||||||
| Road & Rail – 0.9% | ||||||||
| CSX Corp. |
3,453 | 175,758 | ||||||
| JB Hunt Transport Services, Inc. |
631 | 22,640 | ||||||
| Norfolk Southern Corp. |
2,993 | 167,279 | ||||||
| Union Pacific Corp. |
4,261 | 312,331 | ||||||
| Total Road & Rail | 678,008 | |||||||
| Semiconductors & Semiconductor Equipment – 1.0% | ||||||||
| Altera Corp. |
1,618 | 39,334 | ||||||
| Analog Devices, Inc. |
1,244 | 35,852 | ||||||
| Cree, Inc.* |
125 | 8,778 | ||||||
| Intel Corp. |
18,259 | 406,445 | ||||||
| Linear Technology Corp. |
1,351 | 38,206 | ||||||
| Microchip Technology, Inc.(a) |
912 | 25,682 | ||||||
| National Semiconductor Corp. |
272 | 3,930 | ||||||
| Texas Instruments, Inc. |
5,623 | 137,595 | ||||||
| Xilinx, Inc. |
1,966 | 50,133 | ||||||
| Total Semiconductors & Semiconductor Equipment | 745,955 | |||||||
| Software – 4.6% | ||||||||
| Activision Blizzard, Inc. |
4,362 | 52,606 | ||||||
| Adobe Systems, Inc.* |
2,706 | 95,711 | ||||||
| Ansys, Inc.* |
406 | 17,515 | ||||||
| Autodesk, Inc.* |
108 | 3,177 | ||||||
| BMC Software, Inc.* |
1,354 | 51,452 | ||||||
| CA, Inc. |
4,671 | 109,628 | ||||||
| Citrix Systems, Inc.* |
580 | 27,533 | ||||||
| FactSet Research Systems, Inc.(a) |
318 | 23,332 | ||||||
| Intuit, Inc.* |
2,126 | 73,007 | ||||||
| McAfee, Inc.* |
600 | 24,078 | ||||||
| Microsoft Corp. |
69,442 | 2,032,567 | ||||||
| Oracle Corp. |
35,393 | 909,246 | ||||||
| Red Hat, Inc.* |
447 | 13,084 | ||||||
| Salesforce.com, Inc.* |
164 | 12,210 | ||||||
| Sybase, Inc.* |
537 | 25,035 | ||||||
| Synopsys, Inc.* |
1,390 | 31,094 | ||||||
| VMware, Inc. Class A* |
913 | 48,663 | ||||||
| Total Software | 3,549,938 | |||||||
| Specialty Retail – 2.6% | ||||||||
| Abercrombie & Fitch Co. Class A |
120 | 5,477 | ||||||
| Advance Auto Parts, Inc.(a) |
947 | 39,698 | ||||||
| American Eagle Outfitters, Inc. |
1,298 | 24,039 | ||||||
| AutoNation, Inc.*(a) |
1,883 | 34,045 | ||||||
| AutoZone, Inc.* |
611 | 105,758 | ||||||
| Bed Bath & Beyond, Inc.*(a) |
1,787 | 78,199 | ||||||
| Best Buy Co., Inc. |
3,976 | 169,139 | ||||||
| CarMax, Inc.*(a) |
919 | 23,085 | ||||||
| Investments | Shares | Value | ||||||
| GameStop Corp. Class A* |
2,546 | $ | 55,783 | |||||
| Gap, Inc. (The) |
6,829 | 157,818 | ||||||
| Guess ?, Inc. |
681 | 31,993 | ||||||
| Home Depot, Inc. |
12,525 | 405,184 | ||||||
| Lowe’s Cos., Inc. |
10,957 | 265,598 | ||||||
| Ltd. Brands, Inc. |
2,007 | 49,412 | ||||||
| O’Reilly Automotive, Inc.* |
1,097 | 45,756 | ||||||
| PetSmart, Inc. |
1,088 | 34,773 | ||||||
| Ross Stores, Inc. |
1,322 | 70,687 | ||||||
| Sherwin-Williams Co. (The) |
1,012 | 68,492 | ||||||
| Staples, Inc. |
4,595 | 107,477 | ||||||
| Tiffany & Co. |
607 | 28,827 | ||||||
| TJX Cos., Inc. |
4,254 | 180,880 | ||||||
| Urban Outfitters, Inc.* |
862 | 32,782 | ||||||
| Total Specialty Retail | 2,014,902 | |||||||
| Textiles, Apparel & Luxury Goods – 0.7% | ||||||||
| Coach, Inc. |
2,573 | 101,685 | ||||||
| NIKE, Inc. Class B |
4,084 | 300,174 | ||||||
| Polo Ralph Lauren Corp.(a) |
783 | 66,586 | ||||||
| VF Corp. |
974 | 78,066 | ||||||
| Total Textiles, Apparel & Luxury Goods | 546,511 | |||||||
| Thrifts & Mortgage Finance – 0.2% | ||||||||
| Hudson City Bancorp, Inc. |
5,795 | 82,057 | ||||||
| New York Community Bancorp, Inc. |
3,572 | 59,081 | ||||||
| People’s United Financial, Inc. |
865 | 13,528 | ||||||
| TFS Financial Corp. |
316 | 4,219 | ||||||
| Total Thrifts & Mortgage Finance | 158,885 | |||||||
| Tobacco – 2.3% | ||||||||
| Altria Group, Inc. |
23,430 | 480,784 | ||||||
| Lorillard, Inc. |
1,746 | 131,369 | ||||||
| Philip Morris International, Inc. |
19,722 | 1,028,699 | ||||||
| Reynolds American, Inc. |
3,304 | 178,350 | ||||||
| Total Tobacco | 1,819,202 | |||||||
| Trading Companies & Distributors – 0.2% | ||||||||
| Fastenal Co.(a) |
765 | 36,712 | ||||||
| MSC Industrial Direct Co. Class A |
387 | 19,629 | ||||||
| W.W. Grainger, Inc. |
621 | 67,143 | ||||||
| Total Trading Companies & Distributors | 123,484 | |||||||
| Water Utilities – 0.0% | ||||||||
| American Water Works Co., Inc. |
1,280 | 27,853 | ||||||
| Wireless Telecommunication Services – 0.2% | ||||||||
| American Tower Corp. Class A* |
914 | 38,946 | ||||||
| NII Holdings, Inc.* |
1,589 | 66,198 | ||||||
| Telephone & Data Systems, Inc. |
1,291 | 43,700 | ||||||
| United States Cellular Corp.* |
79 | 3,269 | ||||||
| Total Wireless Telecommunication Services | 152,113 | |||||||
| TOTAL COMMON STOCKS (Cost: $78,987,341) |
77,207,510 | |||||||
See Notes to Financial Statements.
| 32 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Earnings 500 Fund (EPS)
March 31, 2010
| Investments | Shares | Value | ||||||
| SHORT-TERM INVESTMENT – 0.6% | ||||||||
| MONEY MARKET FUND – 0.6% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $449,940) | 449,940 | $ | 449,940 | |||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9% | ||||||||
| MONEY MARKET FUND – 1.9% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $1,505,012)(d) | 1,505,012 | 1,505,012 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 102.2% (Cost: $80,942,293) | 79,162,462 | |||||||
| Liabilities in Excess of Other Assets – (2.2)% |
(1,740,196 | ) | ||||||
| NET ASSETS – 100.0% | $ | 77,422,266 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $1,466,932 and the total market value of the collateral held by the Fund was $1,505,012. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 33 |
Table of Contents
Schedule of Investments
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% | ||||||||
| Aerospace & Defense – 2.5% | ||||||||
| Cubic Corp. |
1,348 | $ | 48,528 | |||||
| Curtiss-Wright Corp. |
2,941 | 102,347 | ||||||
| DigitalGlobe, Inc.* |
2,264 | 63,279 | ||||||
| DynCorp International, Inc. Class A* |
6,704 | 77,029 | ||||||
| Esterline Technologies Corp.* |
2,840 | 140,381 | ||||||
| HEICO Corp. |
1,316 | 67,853 | ||||||
| Hexcel Corp.* |
6,889 | 99,477 | ||||||
| Moog, Inc. Class A* |
2,846 | 100,805 | ||||||
| Spirit Aerosystems Holdings, Inc. Class A* |
9,951 | 232,655 | ||||||
| Teledyne Technologies, Inc.* |
2,177 | 89,845 | ||||||
| TransDigm Group, Inc. |
3,933 | 208,606 | ||||||
| Triumph Group, Inc. |
2,088 | 146,348 | ||||||
| Total Aerospace & Defense | 1,377,153 | |||||||
| Air Freight & Logistics – 0.1% | ||||||||
| HUB Group, Inc. Class A* |
1,644 | 45,999 | ||||||
| Airlines – 0.4% | ||||||||
| Allegiant Travel Co.*(a) |
2,118 | 122,548 | ||||||
| Skywest, Inc. |
6,022 | 85,994 | ||||||
| Total Airlines | 208,542 | |||||||
| Auto Components – 0.1% | ||||||||
| Fuel Systems Solutions, Inc.*(a) |
761 | 24,322 | ||||||
| Gentex Corp. |
2,863 | 55,599 | ||||||
| Total Auto Components | 79,921 | |||||||
| Automobiles – 0.1% | ||||||||
| Thor Industries, Inc. |
1,127 | 34,047 | ||||||
| Biotechnology – 3.4% | ||||||||
| Alkermes, Inc.* |
10,558 | 136,937 | ||||||
| BioMarin Pharmaceutical, Inc.* |
1,551 | 36,247 | ||||||
| Cubist Pharmaceuticals, Inc.*(a) |
14,276 | 321,781 | ||||||
| Myriad Genetics, Inc.* |
6,723 | 161,688 | ||||||
| OSI Pharmaceuticals, Inc.*(a) |
15,399 | 917,011 | ||||||
| PDL BioPharma, Inc. |
41,643 | 258,603 | ||||||
| Total Biotechnology | 1,832,267 | |||||||
| Building Products – 0.3% | ||||||||
| Armstrong World Industries, Inc.* |
1,635 | 59,367 | ||||||
| Lennox International, Inc. |
1,789 | 79,288 | ||||||
| Simpson Manufacturing Co., Inc.(a) |
868 | 24,096 | ||||||
| Total Building Products | 162,751 | |||||||
| Capital Markets – 1.8% | ||||||||
| Ares Capital Corp. |
2,206 | 32,737 | ||||||
| Federated Investors, Inc. Class B(a) |
8,811 | 232,434 | ||||||
| GAMCO Investors, Inc. Class A |
1,060 | 48,230 | ||||||
| Greenhill & Co., Inc. |
956 | 78,478 | ||||||
| Investment Technology Group, Inc.* |
4,812 | 80,312 | ||||||
| Knight Capital Group, Inc. Class A* |
12,550 | 191,388 | ||||||
| optionsXpress Holdings, Inc.(a) |
5,078 | 82,721 | ||||||
| Riskmetrics Group, Inc.* |
2,346 | 53,043 | ||||||
| Stifel Financial Corp.* |
1,378 | 74,067 | ||||||
| Investments | Shares | Value | ||||||
| Waddell & Reed Financial, Inc. Class A(a) |
3,098 | $ | 111,652 | |||||
| Total Capital Markets | 985,062 | |||||||
| Chemicals – 3.3% | ||||||||
| Ashland, Inc. |
221 | 11,662 | ||||||
| H.B. Fuller Co. |
2,199 | 51,039 | ||||||
| Huntsman Corp. |
57,157 | 688,742 | ||||||
| Intrepid Potash, Inc.*(a) |
2,937 | 89,079 | ||||||
| NewMarket Corp. |
1,374 | 141,508 | ||||||
| Olin Corp. |
6,980 | 136,948 | ||||||
| RPM International, Inc. |
8,269 | 176,461 | ||||||
| Scotts Miracle-Gro Co. (The) Class A |
4,442 | 205,887 | ||||||
| Sensient Technologies Corp. |
4,023 | 116,908 | ||||||
| Valspar Corp. |
6,094 | 179,651 | ||||||
| W.R. Grace & Co.* |
619 | 17,183 | ||||||
| Total Chemicals | 1,815,068 | |||||||
| Commercial Banks – 3.3% | ||||||||
| Associated Banc-Corp. |
3,129 | 43,180 | ||||||
| BancorpSouth, Inc. |
4,782 | 100,231 | ||||||
| Bank of Hawaii Corp.(a) |
3,333 | 149,818 | ||||||
| City National Corp. |
528 | 28,496 | ||||||
| CVB Financial Corp.(a) |
6,700 | 66,531 | ||||||
| First Citizens BancShares, Inc. Class A |
225 | 44,721 | ||||||
| First Financial Bankshares, Inc. |
1,145 | 59,025 | ||||||
| FirstMerit Corp. |
5,356 | 115,529 | ||||||
| Fulton Financial Corp. |
2,266 | 23,090 | ||||||
| Glacier Bancorp, Inc. |
3,721 | 56,671 | ||||||
| Hancock Holding Co. |
1,355 | 56,653 | ||||||
| Iberiabank Corp. |
232 | 13,922 | ||||||
| International Bancshares Corp. |
8,611 | 197,967 | ||||||
| Old National Bancorp |
2,487 | 29,720 | ||||||
| Park National Corp.(a) |
1,190 | 74,149 | ||||||
| Prosperity Bancshares, Inc. |
3,053 | 125,173 | ||||||
| Signature Bank*(a) |
1,560 | 57,798 | ||||||
| SVB Financial Group* |
880 | 41,061 | ||||||
| TCF Financial Corp.(a) |
6,452 | 102,845 | ||||||
| Trustmark Corp. |
4,430 | 108,225 | ||||||
| UMB Financial Corp. |
2,574 | 104,504 | ||||||
| Valley National Bancorp(a) |
6,696 | 102,917 | ||||||
| Westamerica Bancorp.(a) |
1,860 | 107,229 | ||||||
| Total Commercial Banks | 1,809,455 | |||||||
| Commercial Services & Supplies – 2.2% | ||||||||
| ABM Industries, Inc. |
2,946 | 62,455 | ||||||
| Brink’s Co. (The) |
2,114 | 59,678 | ||||||
| Clean Harbors, Inc.* |
795 | 44,170 | ||||||
| Copart, Inc.* |
4,547 | 161,873 | ||||||
| Covanta Holding Corp.* |
6,034 | 100,526 | ||||||
| Geo Group, Inc. (The)* |
3,768 | 74,682 | ||||||
| Healthcare Services Group, Inc. |
1,695 | 37,951 | ||||||
| Herman Miller, Inc. |
2,494 | 45,042 | ||||||
| HNI Corp. |
1,147 | 30,545 | ||||||
| Mine Safety Appliances Co. |
1,051 | 29,386 | ||||||
| RINO International Corp.*(a) |
1,535 | 36,426 | ||||||
See Notes to Financial Statements.
| 34 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Rollins, Inc. |
4,511 | $ | 97,798 | |||||
| SYKES Enterprises, Inc.* |
2,527 | 57,717 | ||||||
| Tetra Tech, Inc.* |
3,772 | 86,907 | ||||||
| United Stationers, Inc.* |
1,809 | 106,460 | ||||||
| Waste Connections, Inc.* |
4,115 | 139,745 | ||||||
| Total Commercial Services & Supplies | 1,171,361 | |||||||
| Communications Equipment – 1.2% | ||||||||
| Adtran, Inc. |
3,995 | 105,268 | ||||||
| Arris Group, Inc.* |
3,164 | 38,000 | ||||||
| Blue Coat Systems, Inc.* |
416 | 12,913 | ||||||
| Comtech Telecommunications Corp.* |
1,659 | 53,072 | ||||||
| Emulex Corp.* |
294 | 3,904 | ||||||
| InterDigital, Inc.* |
1,992 | 55,497 | ||||||
| Polycom, Inc.* |
3,232 | 98,835 | ||||||
| Riverbed Technology, Inc.* |
1,528 | 43,395 | ||||||
| Tekelec* |
5,064 | 91,962 | ||||||
| Tellabs, Inc. |
13,928 | 105,435 | ||||||
| Viasat, Inc.*(a) |
1,484 | 51,361 | ||||||
| Total Communications Equipment | 659,642 | |||||||
| Computers & Peripherals – 0.8% | ||||||||
| Diebold, Inc.(a) |
3,274 | 103,982 | ||||||
| Lexmark International, Inc. Class A* |
4,117 | 148,541 | ||||||
| QLogic Corp.*(a) |
5,064 | 102,799 | ||||||
| Synaptics, Inc.*(a) |
2,524 | 69,688 | ||||||
| Total Computers & Peripherals | 425,010 | |||||||
| Construction & Engineering – 1.1% | ||||||||
| EMCOR Group, Inc.* |
7,498 | 184,676 | ||||||
| Granite Construction, Inc. |
2,435 | 73,586 | ||||||
| Insituform Technologies, Inc. Class A* |
1,032 | 27,461 | ||||||
| MasTec, Inc.* |
6,237 | 78,649 | ||||||
| Shaw Group, Inc. (The)* |
858 | 29,532 | ||||||
| Tutor Perini Corp.* |
9,411 | 204,689 | ||||||
| Total Construction & Engineering | 598,593 | |||||||
| Construction Materials – 0.1% | ||||||||
| Eagle Materials, Inc. |
1,827 | 48,489 | ||||||
| Texas Industries, Inc. |
300 | 10,251 | ||||||
| Total Construction Materials | 58,740 | |||||||
| Consumer Finance – 0.9% | ||||||||
| AmeriCredit Corp.* |
1,172 | 27,847 | ||||||
| Cash America International, Inc. |
2,768 | 109,281 | ||||||
| Credit Acceptance Corp.* |
3,644 | 150,278 | ||||||
| Nelnet, Inc. Class A |
7,445 | 138,179 | ||||||
| Student Loan Corp. (The) |
2,607 | 92,627 | ||||||
| Total Consumer Finance | 518,212 | |||||||
| Containers & Packaging – 2.1% | ||||||||
| Aptargroup, Inc. |
3,903 | 153,583 | ||||||
| Greif, Inc. Class A |
2,066 | 113,465 | ||||||
| Packaging Corp. of America |
11,976 | 294,729 | ||||||
| Rock-Tenn Co. Class A |
4,699 | 214,133 | ||||||
| Silgan Holdings, Inc. |
3,118 | 187,797 | ||||||
| Investments | Shares | Value | ||||||
| Temple-Inland, Inc. |
7,553 | $ | 154,308 | |||||
| Total Containers & Packaging | 1,118,015 | |||||||
| Distributors – 0.2% | ||||||||
| LKQ Corp.* |
6,281 | 127,504 | ||||||
| Diversified Consumer Services – 2.7% | ||||||||
| Bridgepoint Education, Inc.* |
2,663 | 65,457 | ||||||
| Brink’s Home Security Holdings, Inc.* |
2,295 | 97,652 | ||||||
| Capella Education Co.* |
580 | 53,847 | ||||||
| Career Education Corp.*(a) |
4,705 | 148,866 | ||||||
| Coinstar, Inc.*(a) |
1,104 | 35,880 | ||||||
| Corinthian Colleges, Inc.*(a) |
8,609 | 151,432 | ||||||
| Grand Canyon Education, Inc.* |
1,280 | 33,459 | ||||||
| Hillenbrand, Inc. |
6,259 | 137,636 | ||||||
| Matthews International Corp. Class A |
1,844 | 65,462 | ||||||
| Regis Corp. |
5,196 | 97,061 | ||||||
| Service Corp. International |
23,642 | 217,034 | ||||||
| Strayer Education, Inc.(a) |
528 | 128,579 | ||||||
| Weight Watchers International, Inc.(a) |
8,578 | 218,996 | ||||||
| Total Diversified Consumer Services | 1,451,361 | |||||||
| Diversified Telecommunication Services – 0.5% | ||||||||
| AboveNet, Inc.*(a) |
1,716 | 87,053 | ||||||
| Frontier Communications Corp.(a) |
17,411 | 129,538 | ||||||
| tw telecom, inc.* |
1,824 | 33,105 | ||||||
| Total Diversified Telecommunication Services | 249,696 | |||||||
| Electric Utilities – 2.6% | ||||||||
| ALLETE, Inc. |
1,727 | 57,820 | ||||||
| Cleco Corp. |
4,103 | 108,935 | ||||||
| El Paso Electric Co.* |
3,648 | 75,149 | ||||||
| Great Plains Energy, Inc. |
8,701 | 161,578 | ||||||
| Hawaiian Electric Industries, Inc.(a) |
2,439 | 54,756 | ||||||
| IDACORP, Inc. |
3,283 | 113,657 | ||||||
| ITC Holdings Corp. |
2,774 | 152,570 | ||||||
| MGE Energy, Inc.(a) |
1,362 | 48,160 | ||||||
| NV Energy, Inc. |
14,791 | 182,373 | ||||||
| PNM Resources, Inc. |
1,185 | 14,848 | ||||||
| Portland General Electric Co. |
4,598 | 88,787 | ||||||
| UIL Holdings Corp. |
1,936 | 53,240 | ||||||
| Unisource Energy Corp. |
3,793 | 119,252 | ||||||
| Westar Energy, Inc. |
7,320 | 163,236 | ||||||
| Total Electric Utilities | 1,394,361 | |||||||
| Electrical Equipment – 2.2% | ||||||||
| A.O. Smith Corp. |
1,078 | 56,670 | ||||||
| Acuity Brands, Inc. |
2,624 | 110,759 | ||||||
| Baldor Electric Co. |
2,960 | 110,704 | ||||||
| Brady Corp. Class A |
2,185 | 67,997 | ||||||
| EnerSys* |
2,868 | 70,725 | ||||||
| General Cable Corp.*(a) |
5,020 | 135,540 | ||||||
| GrafTech International Ltd.* |
1,231 | 16,828 | ||||||
| Hubbell, Inc. Class B |
3,834 | 193,349 | ||||||
| II-VI, Inc.* |
1,056 | 35,735 | ||||||
| Regal-Beloit Corp. |
1,820 | 108,126 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2010
| Investments | Shares | Value | ||||||
| SunPower Corp. Class A*(a) |
2,911 | $ | 55,018 | |||||
| Thomas & Betts Corp.* |
2,886 | 113,247 | ||||||
| Woodward Governor Co. |
4,198 | 134,252 | ||||||
| Total Electrical Equipment | 1,208,950 | |||||||
| Electronic Equipment, Instruments & Components – 1.8% | ||||||||
| Anixter International, Inc.* |
1,566 | 73,367 | ||||||
| AVX Corp. |
7,154 | 101,587 | ||||||
| Benchmark Electronics, Inc.* |
3,244 | 67,281 | ||||||
| Ingram Micro, Inc. Class A* |
12,823 | 225,044 | ||||||
| National Instruments Corp. |
1,403 | 46,790 | ||||||
| Plexus Corp.* |
2,146 | 77,320 | ||||||
| SYNNEX Corp.*(a) |
3,688 | 109,017 | ||||||
| Tech Data Corp.* |
4,217 | 176,692 | ||||||
| Trimble Navigation Ltd.* |
3,170 | 91,043 | ||||||
| Total Electronic Equipment, Instruments & Components | 968,141 | |||||||
| Energy Equipment & Services – 3.7% | ||||||||
| Atwood Oceanics, Inc.* |
8,053 | 278,875 | ||||||
| Bristow Group, Inc.* |
2,179 | 82,214 | ||||||
| CARBO Ceramics, Inc. |
1,069 | 66,641 | ||||||
| Dresser-Rand Group, Inc.* |
8,923 | 280,361 | ||||||
| Dril-Quip, Inc.* |
2,202 | 133,970 | ||||||
| Lufkin Industries, Inc. |
820 | 64,903 | ||||||
| Oil States International, Inc.* |
5,837 | 264,650 | ||||||
| Patterson-UTI Energy, Inc. |
5,737 | 80,146 | ||||||
| RPC, Inc. |
622 | 6,923 | ||||||
| SEACOR Holdings, Inc.* |
2,200 | 177,452 | ||||||
| Superior Energy Services, Inc.* |
6,150 | 129,273 | ||||||
| Tetra Technologies, Inc.* |
1,007 | 12,305 | ||||||
| Tidewater, Inc. |
8,607 | 406,853 | ||||||
| Total Energy Equipment & Services | 1,984,566 | |||||||
| Food & Staples Retailing – 1.0% | ||||||||
| BJ’s Wholesale Club, Inc.*(a) |
4,523 | 167,306 | ||||||
| Casey’s General Stores, Inc. |
4,081 | 128,143 | ||||||
| Ruddick Corp.(a) |
3,825 | 121,023 | ||||||
| United Natural Foods, Inc.* |
2,609 | 73,391 | ||||||
| Weis Markets, Inc.(a) |
2,185 | 79,447 | ||||||
| Total Food & Staples Retailing | 569,310 | |||||||
| Food Products – 2.0% | ||||||||
| Corn Products International, Inc. |
5,210 | 180,579 | ||||||
| Del Monte Foods Co. |
20,052 | 292,759 | ||||||
| Flowers Foods, Inc.(a) |
6,107 | 151,087 | ||||||
| Green Mountain Coffee Roasters, Inc.* |
780 | 75,520 | ||||||
| Lancaster Colony Corp. |
2,589 | 152,647 | ||||||
| Lance, Inc.(a) |
1,453 | 33,608 | ||||||
| Sanderson Farms, Inc.(a) |
290 | 15,547 | ||||||
| Tootsie Roll Industries, Inc. |
2,436 | 65,845 | ||||||
| TreeHouse Foods, Inc.* |
2,338 | 102,568 | ||||||
| Total Food Products | 1,070,160 | |||||||
| Investments | Shares | Value | ||||||
| Gas Utilities – 2.7% | ||||||||
| AGL Resources, Inc. |
6,555 | $ | 253,351 | |||||
| Atmos Energy Corp. |
7,407 | 211,618 | ||||||
| New Jersey Resources Corp. |
3,438 | 129,131 | ||||||
| Nicor, Inc.(a) |
2,911 | 122,029 | ||||||
| Northwest Natural Gas Co. |
1,761 | 82,063 | ||||||
| Piedmont Natural Gas Co., Inc. |
4,570 | 126,041 | ||||||
| South Jersey Industries, Inc. |
1,540 | 64,664 | ||||||
| Southwest Gas Corp.(a) |
2,194 | 65,644 | ||||||
| UGI Corp. |
11,352 | 301,282 | ||||||
| WGL Holdings, Inc. |
3,235 | 112,093 | ||||||
| Total Gas Utilities | 1,467,916 | |||||||
| Health Care Equipment & Supplies – 3.1% | ||||||||
| Align Technology, Inc.* |
4,453 | 86,121 | ||||||
| American Medical Systems Holdings, Inc.* |
4,439 | 82,477 | ||||||
| Cooper Cos., Inc. (The)(a) |
3,096 | 120,372 | ||||||
| ev3, Inc.* |
1,351 | 21,427 | ||||||
| Gen-Probe, Inc.*(a) |
2,217 | 110,850 | ||||||
| Haemonetics Corp.* |
1,398 | 79,896 | ||||||
| Hill-Rom Holdings, Inc. |
2,536 | 69,005 | ||||||
| Immucor, Inc.* |
4,738 | 106,084 | ||||||
| Integra LifeSciences Holdings Corp.* |
1,935 | 84,811 | ||||||
| Invacare Corp. |
2,021 | 53,637 | ||||||
| Kinetic Concepts, Inc.* |
6,820 | 326,064 | ||||||
| Masimo Corp.(a) |
1,587 | 42,135 | ||||||
| Meridian Bioscience, Inc. |
1,739 | 35,423 | ||||||
| NuVasive, Inc.*(a) |
315 | 14,238 | ||||||
| Sirona Dental Systems, Inc.* |
750 | 28,523 | ||||||
| STERIS Corp. |
4,514 | 151,941 | ||||||
| Teleflex, Inc. |
2,566 | 164,404 | ||||||
| Thoratec Corp.*(a) |
1,060 | 35,457 | ||||||
| West Pharmaceutical Services, Inc. |
1,833 | 76,894 | ||||||
| Total Health Care Equipment & Supplies | 1,689,759 | |||||||
| Health Care Providers & Services – 7.2% | ||||||||
| Amedisys, Inc.*(a) |
3,237 | 178,747 | ||||||
| AMERIGROUP Corp.* |
6,442 | 214,132 | ||||||
| Catalyst Health Solutions, Inc.* |
2,093 | 86,608 | ||||||
| Centene Corp.* |
5,028 | 120,873 | ||||||
| Chemed Corp. |
1,830 | 99,515 | ||||||
| Emergency Medical Services Corp. Class A* |
2,392 | 135,268 | ||||||
| Health Management Associates, Inc. Class A* |
22,634 | 194,652 | ||||||
| Health Net, Inc.* |
6,894 | 171,454 | ||||||
| Healthsouth Corp.* |
4,766 | 89,124 | ||||||
| Healthspring, Inc.* |
8,180 | 143,968 | ||||||
| HMS Holdings Corp.* |
679 | 34,622 | ||||||
| LifePoint Hospitals, Inc.* |
4,686 | 172,351 | ||||||
| Lincare Holdings, Inc.*(a) |
4,828 | 216,681 | ||||||
| Magellan Health Services, Inc.* |
2,658 | 115,570 | ||||||
| Mednax, Inc.* |
3,289 | 191,387 | ||||||
| Omnicare, Inc. |
14,273 | 403,783 | ||||||
| Owens & Minor, Inc. |
3,135 | 145,433 | ||||||
See Notes to Financial Statements.
| 36 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2010
| Investments | Shares | Value | ||||||
| PSS World Medical, Inc.* |
3,628 | $ | 85,294 | |||||
| Psychiatric Solutions, Inc.* |
6,348 | 189,170 | ||||||
| Tenet Healthcare Corp.* |
43,058 | 246,292 | ||||||
| Universal American Corp.* |
12,132 | 186,833 | ||||||
| Universal Health Services, Inc. Class B |
9,534 | 334,548 | ||||||
| VCA Antech, Inc.*(a) |
6,314 | 176,982 | ||||||
| Total Health Care Providers & Services | 3,933,287 | |||||||
| Health Care Technology – 0.3% | ||||||||
| Allscripts-Misys Healthcare Solutions, Inc.* |
1,992 | 38,963 | ||||||
| athenahealth, Inc.*(a) |
728 | 26,616 | ||||||
| Eclipsys Corp.* |
477 | 9,483 | ||||||
| MedAssets, Inc.* |
863 | 18,123 | ||||||
| Quality Systems, Inc.(a) |
852 | 52,347 | ||||||
| Total Health Care Technology | 145,532 | |||||||
| Hotels, Restaurants & Leisure – 3.3% | ||||||||
| Ameristar Casinos, Inc.(a) |
4,432 | 80,751 | ||||||
| Bally Technologies, Inc.* |
3,462 | 140,349 | ||||||
| Bob Evans Farms, Inc. |
2,348 | 72,577 | ||||||
| Brinker International, Inc. |
7,448 | 143,597 | ||||||
| Burger King Holdings, Inc. |
12,097 | 257,182 | ||||||
| Cheesecake Factory (The)* |
2,727 | 73,793 | ||||||
| Chipotle Mexican Grill, Inc.* |
1,449 | 163,259 | ||||||
| Choice Hotels International, Inc.(a) |
3,345 | 116,439 | ||||||
| Cracker Barrel Old Country Store, Inc. |
2,120 | 98,326 | ||||||
| Gaylord Entertainment Co.*(a) |
375 | 10,984 | ||||||
| International Speedway Corp. Class A |
3,527 | 90,891 | ||||||
| Jack In The Box, Inc.* |
5,583 | 131,480 | ||||||
| Life Time Fitness, Inc.*(a) |
2,937 | 82,530 | ||||||
| Panera Bread Co. Class A* |
1,484 | 113,511 | ||||||
| Penn National Gaming, Inc.* |
1,397 | 38,836 | ||||||
| Vail Resorts, Inc.* |
1,515 | 60,736 | ||||||
| Wendy’s/Arby’s Group, Inc. Class A |
2,980 | 14,900 | ||||||
| WMS Industries, Inc.*(a) |
2,737 | 114,790 | ||||||
| Total Hotels, Restaurants & Leisure | 1,804,931 | |||||||
| Household Durables – 0.3% | ||||||||
| Jarden Corp. |
2,130 | 70,908 | ||||||
| Tempur-Pedic International, Inc.*(a) |
2,820 | 85,051 | ||||||
| Total Household Durables | 155,959 | |||||||
| Independent Power Producers & Energy Traders – 0.1% | ||||||||
| Ormat Technologies, Inc. |
1,920 | 54,029 | ||||||
| Industrial Conglomerates – 0.5% | ||||||||
| Carlisle Cos., Inc. |
3,165 | 120,587 | ||||||
| Otter Tail Corp.(a) |
1,169 | 25,671 | ||||||
| Seaboard Corp. |
79 | 102,629 | ||||||
| Total Industrial Conglomerates | 248,887 | |||||||
| Insurance – 5.0% | ||||||||
| Alleghany Corp.* |
472 | 137,194 | ||||||
| Arthur J. Gallagher & Co. |
6,201 | 152,235 | ||||||
| Brown & Brown, Inc. |
10,259 | 183,841 | ||||||
| Delphi Financial Group, Inc. Class A |
8,874 | 223,270 | ||||||
| Investments | Shares | Value | ||||||
| Erie Indemnity Co. Class A |
2,679 | $ | 115,545 | |||||
| Hanover Insurance Group, Inc. (The)(a) |
5,074 | 221,277 | ||||||
| Harleysville Group, Inc. |
3,080 | 103,981 | ||||||
| Mercury General Corp. |
3,356 | 146,724 | ||||||
| Navigators Group, Inc.* |
2,026 | 79,683 | ||||||
| ProAssurance Corp.* |
4,769 | 279,177 | ||||||
| Protective Life Corp. |
7,400 | 162,726 | ||||||
| RLI Corp.(a) |
2,255 | 128,580 | ||||||
| Selective Insurance Group |
3,579 | 59,412 | ||||||
| StanCorp Financial Group, Inc. |
6,483 | 308,785 | ||||||
| Tower Group, Inc. |
4,845 | 107,414 | ||||||
| Unitrin, Inc. |
6,523 | 182,970 | ||||||
| Wesco Financial Corp. |
206 | 79,413 | ||||||
| Zenith National Insurance Corp. |
1,001 | 38,358 | ||||||
| Total Insurance | 2,710,585 | |||||||
| Internet & Catalog Retail - 0.0% | ||||||||
| Blue Nile, Inc.* |
208 | 11,444 | ||||||
| Internet Software & Services – 1.3% | ||||||||
| Digital River, Inc.* |
2,444 | 74,053 | ||||||
| Earthlink, Inc. |
23,606 | 201,595 | ||||||
| j2 Global Communications, Inc.*(a) |
4,562 | 106,751 | ||||||
| MercadoLibre, Inc.* |
694 | 33,458 | ||||||
| Monster Worldwide, Inc.*(a) |
3,564 | 59,198 | ||||||
| Rackspace Hosting, Inc.* |
1,475 | 27,627 | ||||||
| Sohu.com, Inc.* |
3,618 | 197,543 | ||||||
| ValueClick, Inc.* |
681 | 6,905 | ||||||
| WebMD Health Corp.*(a) |
551 | 25,555 | ||||||
| Total Internet Software & Services | 732,685 | |||||||
| IT Services – 2.7% | ||||||||
| Acxiom Corp. |
3,599 | 64,566 | ||||||
| CACI International, Inc. Class A* |
2,358 | 115,188 | ||||||
| Cybersource Corp.* |
972 | 17,146 | ||||||
| DST Systems, Inc. |
6,634 | 274,979 | ||||||
| Euronet Worldwide, Inc.* |
2,131 | 39,274 | ||||||
| Gartner, Inc.* |
6,106 | 135,798 | ||||||
| Mantech International Corp. Class A* |
2,758 | 134,673 | ||||||
| MAXIMUS, Inc. |
1,253 | 76,345 | ||||||
| NeuStar, Inc. Class A* |
1,706 | 42,991 | ||||||
| Sapient Corp. |
6,386 | 58,368 | ||||||
| SRA International, Inc. Class A* |
3,830 | 79,626 | ||||||
| Syntel, Inc.(a) |
3,299 | 126,913 | ||||||
| TeleTech Holdings, Inc.* |
4,166 | 71,155 | ||||||
| Wright Express Corp.* |
6,931 | 208,762 | ||||||
| Total IT Services | 1,445,784 | |||||||
| Leisure Equipment & Products – 0.3% | ||||||||
| Polaris Industries, Inc.(a) |
2,658 | 135,983 | ||||||
| Pool Corp.(a) |
1,220 | 27,621 | ||||||
| Total Leisure Equipment & Products | 163,604 | |||||||
| Life Sciences Tools & Services – 1.8% | ||||||||
| Bio-Rad Laboratories, Inc. Class A* |
1,513 | 156,626 | ||||||
| Bruker Corp.* |
6,114 | 89,570 | ||||||
| Charles River Laboratories International, Inc.*(a) |
4,312 | 169,505 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Dionex Corp.* |
866 | $ | 64,759 | |||||
| PerkinElmer, Inc. |
4,412 | 105,447 | ||||||
| Pharmaceutical Product Development, Inc. |
8,845 | 210,069 | ||||||
| Techne Corp. |
1,745 | 111,139 | ||||||
| Varian, Inc.* |
915 | 47,378 | ||||||
| Total Life Sciences Tools & Services | 954,493 | |||||||
| Machinery – 3.6% | ||||||||
| Actuant Corp. Class A |
2,546 | 49,774 | ||||||
| Barnes Group, Inc. |
1,470 | 28,591 | ||||||
| CLARCOR, Inc. |
2,505 | 86,397 | ||||||
| Crane Co. |
2,340 | 83,070 | ||||||
| ESCO Technologies, Inc. |
1,508 | 47,969 | ||||||
| Graco, Inc. |
1,513 | 48,416 | ||||||
| Harsco Corp. |
2,575 | 82,245 | ||||||
| IDEX Corp. |
3,805 | 125,945 | ||||||
| Kaydon Corp. |
1,376 | 51,738 | ||||||
| Lincoln Electric Holdings, Inc. |
665 | 36,129 | ||||||
| Middleby Corp.* |
1,535 | 88,401 | ||||||
| Mueller Industries, Inc. |
1,669 | 44,713 | ||||||
| Nordson Corp. |
1,467 | 99,639 | ||||||
| Snap-On, Inc. |
3,514 | 152,297 | ||||||
| SPX Corp. |
4,337 | 287,630 | ||||||
| Toro Co.(a) |
1,762 | 86,638 | ||||||
| Trinity Industries, Inc.(a) |
7,762 | 154,930 | ||||||
| Valmont Industries, Inc. |
2,103 | 174,191 | ||||||
| WABCO Holdings, Inc.* |
365 | 10,921 | ||||||
| Wabtec Corp. |
3,424 | 144,219 | ||||||
| Watts Water Technologies, Inc. Class A |
1,533 | 47,615 | ||||||
| Total Machinery | 1,931,468 | |||||||
| Marine – 0.3% | ||||||||
| Alexander & Baldwin, Inc.(a) |
408 | 13,484 | ||||||
| Kirby Corp.*(a) |
4,356 | 166,182 | ||||||
| Total Marine | 179,666 | |||||||
| Media – 1.6% | ||||||||
| Gannett Co., Inc.(a) |
3,792 | 62,644 | ||||||
| Interactive Data Corp. |
6,919 | 221,408 | ||||||
| John Wiley & Sons, Inc. Class A |
3,147 | 136,202 | ||||||
| Meredith Corp. |
3,132 | 107,772 | ||||||
| Morningstar, Inc.* |
2,051 | 98,633 | ||||||
| Regal Entertainment Group Class A |
7,637 | 134,182 | ||||||
| Scholastic Corp. |
1,822 | 51,016 | ||||||
| World Wrestling Entertainment, Inc. Class A(a) |
3,993 | 69,079 | ||||||
| Total Media | 880,936 | |||||||
| Metals & Mining – 0.8% | ||||||||
| AMCOL International Corp. |
876 | 23,827 | ||||||
| Commercial Metals Co. |
1,794 | 27,018 | ||||||
| Compass Minerals International, Inc.(a) |
3,100 | 248,713 | ||||||
| Royal Gold, Inc. |
424 | 19,593 | ||||||
| Titanium Metals Corp.*(a) |
7,005 | 116,213 | ||||||
| Total Metals & Mining | 435,364 | |||||||
| Investments | Shares | Value | ||||||
| Multiline Retail – 0.5% | ||||||||
| 99 Cents Only Stores* |
3,496 | $ | 56,985 | |||||
| Big Lots, Inc.* |
6,236 | 227,115 | ||||||
| Total Multiline Retail | 284,100 | |||||||
| Multi-Utilities – 0.5% | ||||||||
| Avista Corp. |
3,946 | 81,722 | ||||||
| NorthWestern Corp. |
2,240 | 60,054 | ||||||
| Vectren Corp. |
5,070 | 125,330 | ||||||
| Total Multi-Utilities | 267,106 | |||||||
| Office Electronics – 0.1% | ||||||||
| Zebra Technologies Corp. Class A* |
2,269 | 67,162 | ||||||
| Oil, Gas & Consumable Fuels – 2.3% | ||||||||
| Arena Resources, Inc.* |
1,258 | 42,017 | ||||||
| Berry Petroleum Co. Class A |
1,355 | 38,157 | ||||||
| Bill Barrett Corp.* |
1,764 | 54,172 | ||||||
| Enbridge Energy Management LLC* |
308 | 15,723 | ||||||
| Frontier Oil Corp. |
1,701 | 22,964 | ||||||
| Holly Corp. |
5,104 | 142,453 | ||||||
| Patriot Coal Corp.* |
15,764 | 322,531 | ||||||
| Southern Union Co. |
12,227 | 310,199 | ||||||
| Tesoro Corp. |
12,051 | 167,509 | ||||||
| World Fuel Services Corp.(a) |
4,980 | 132,667 | ||||||
| Total Oil, Gas & Consumable Fuels | 1,248,392 | |||||||
| Paper & Forest Products – 0.0% | ||||||||
| Schweitzer-Mauduit International, Inc. |
243 | 11,557 | ||||||
| Personal Products – 0.8% | ||||||||
| Alberto-Culver Co. |
4,819 | 126,017 | ||||||
| NBTY, Inc.* |
3,987 | 191,296 | ||||||
| Nu Skin Enterprises, Inc. Class A |
3,276 | 95,332 | ||||||
| Revlon, Inc. Class A*(a) |
1,590 | 23,611 | ||||||
| Total Personal Products | 436,256 | |||||||
| Pharmaceuticals – 0.6% | ||||||||
| Endo Pharmaceuticals Holdings, Inc.* |
10,093 | 239,103 | ||||||
| Par Pharmaceutical Cos., Inc.* |
2,641 | 65,497 | ||||||
| Total Pharmaceuticals | 304,600 | |||||||
| Professional Services – 0.5% | ||||||||
| CoStar Group, Inc.* |
643 | 26,697 | ||||||
| FTI Consulting, Inc.* |
3,441 | 135,300 | ||||||
| Towers Watson & Co. Class A |
2,547 | 120,983 | ||||||
| Total Professional Services | 282,980 | |||||||
| Real Estate Investment Trusts (REITs) – 4.8% | ||||||||
| Alexander’s, Inc.* |
771 | 230,629 | ||||||
| Alexandria Real Estate Equities, Inc. |
1,882 | 127,223 | ||||||
| BioMed Realty Trust, Inc. |
3,697 | 61,148 | ||||||
| Brandywine Realty Trust |
1,449 | 17,692 | ||||||
| BRE Properties, Inc. |
1,582 | 56,557 | ||||||
| CBL & Associates Properties, Inc.(a) |
1,992 | 27,291 | ||||||
| Corporate Office Properties Trust SBI MD(a) |
1,656 | 66,455 | ||||||
| DiamondRock Hospitality Co. |
1,678 | 16,965 | ||||||
See Notes to Financial Statements.
| 38 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2010
| Investments | Shares | Value | ||||||
| EastGroup Properties, Inc. |
879 | $ | 33,174 | |||||
| Equity Lifestyle Properties, Inc. |
486 | 26,186 | ||||||
| Equity One, Inc. |
5,227 | 98,738 | ||||||
| Essex Property Trust, Inc. |
1,222 | 109,919 | ||||||
| Extra Space Storage, Inc. |
4,481 | 56,819 | ||||||
| Franklin Street Properties Corp.(a) |
2,244 | 32,381 | ||||||
| Healthcare Realty Trust, Inc. |
1,713 | 39,896 | ||||||
| Highwoods Properties, Inc. |
458 | 14,532 | ||||||
| Home Properties, Inc. |
644 | 30,139 | ||||||
| Hospitality Properties Trust(a) |
9,659 | 231,333 | ||||||
| HRPT Properties Trust |
10,340 | 80,445 | ||||||
| Kilroy Realty Corp. |
1,010 | 31,148 | ||||||
| Macerich Co. (The) |
6,846 | 262,270 | ||||||
| Mack-Cali Realty Corp. |
1,584 | 55,836 | ||||||
| Medical Properties Trust, Inc. |
3,785 | 39,667 | ||||||
| Mid-America Apartment Communities, Inc. |
450 | 23,306 | ||||||
| National Health Investors, Inc. |
1,841 | 71,357 | ||||||
| National Retail Properties, Inc.(a) |
5,119 | 116,867 | ||||||
| Omega Healthcare Investors, Inc. |
4,362 | 85,015 | ||||||
| Potlatch Corp. |
1,932 | 67,697 | ||||||
| PS Business Parks, Inc. |
1,384 | 73,906 | ||||||
| Realty Income Corp.(a) |
4,203 | 128,990 | ||||||
| Senior Housing Properties Trust |
5,899 | 130,663 | ||||||
| Sovran Self Storage, Inc. |
948 | 33,047 | ||||||
| Tanger Factory Outlet Centers(a) |
1,431 | 61,762 | ||||||
| Washington Real Estate Investment Trust(a) |
1,151 | 35,163 | ||||||
| Weingarten Realty Investors |
1,781 | 38,398 | ||||||
| Total Real Estate Investment Trusts (REITs) | 2,612,614 | |||||||
| Road & Rail – 1.0% | ||||||||
| Genesee & Wyoming, Inc. Class A* |
2,178 | 74,313 | ||||||
| Heartland Express, Inc.(a) |
4,017 | 66,281 | ||||||
| Kansas City Southern* |
2,426 | 87,748 | ||||||
| Knight Transportation, Inc.(a) |
3,373 | 71,137 | ||||||
| Landstar System, Inc. |
2,258 | 94,791 | ||||||
| Old Dominion Freight Line, Inc.* |
1,415 | 47,247 | ||||||
| Ryder System, Inc. |
674 | 26,124 | ||||||
| Werner Enterprises, Inc. |
3,160 | 73,217 | ||||||
| Total Road & Rail | 540,858 | |||||||
| Semiconductors & Semiconductor Equipment – 1.1% | ||||||||
| Amkor Technology, Inc.* |
20,687 | 146,257 | ||||||
| Atheros Communications, Inc.* |
1,009 | 39,059 | ||||||
| Cymer, Inc.* |
295 | 11,004 | ||||||
| FEI Co.* |
1,121 | 25,682 | ||||||
| Hittite Microwave Corp.* |
1,359 | 59,755 | ||||||
| MEMC Electronic Materials, Inc.* |
1,558 | 23,884 | ||||||
| PMC – Sierra, Inc.* |
6,958 | 62,065 | ||||||
| Silicon Laboratories, Inc.* |
993 | 47,336 | ||||||
| Skyworks Solutions, Inc.*(a) |
7,902 | 123,271 | ||||||
| Tessera Technologies, Inc.* |
3,205 | 64,998 | ||||||
| Total Semiconductors & Semiconductor Equipment | 603,311 | |||||||
| Investments | Shares | Value | ||||||
| Software – 2.5% | ||||||||
| Advent Software, Inc.*(a) |
672 | $ | 30,072 | |||||
| Ariba, Inc.* |
220 | 2,827 | ||||||
| AsiaInfo Holdings, Inc.* |
1,016 | 26,904 | ||||||
| Blackbaud, Inc. |
1,371 | 34,535 | ||||||
| Blackboard, Inc.*(a) |
64 | 2,666 | ||||||
| CommVault Systems, Inc.* |
565 | 12,063 | ||||||
| Compuware Corp.* |
19,185 | 161,154 | ||||||
| Concur Technologies, Inc.* |
711 | 29,158 | ||||||
| Fair Isaac Corp. |
3,926 | 99,485 | ||||||
| Informatica Corp.* |
2,487 | 66,801 | ||||||
| Jack Henry & Associates, Inc. |
5,283 | 127,109 | ||||||
| Lawson Software, Inc.* |
5,027 | 33,228 | ||||||
| MICROS Systems, Inc.* |
3,770 | 123,957 | ||||||
| MicroStrategy, Inc. Class A* |
711 | 60,485 | ||||||
| Net 1 UEPS Technologies, Inc.* |
5,237 | 96,308 | ||||||
| Novell, Inc.* |
10,224 | 61,242 | ||||||
| Parametric Technology Corp.* |
2,172 | 39,205 | ||||||
| Pegasystems, Inc.(a) |
1,014 | 37,518 | ||||||
| Progress Software Corp.* |
1,102 | 34,636 | ||||||
| Quest Software, Inc.* |
5,468 | 97,276 | ||||||
| SolarWinds, Inc.*(a) |
1,555 | 33,681 | ||||||
| Solera Holdings, Inc. |
1,981 | 76,566 | ||||||
| TIBCO Software, Inc.* |
8,371 | 90,323 | ||||||
| Total Software | 1,377,199 | |||||||
| Specialty Retail – 4.5% | ||||||||
| Aaron’s, Inc.(a) |
4,371 | 145,729 | ||||||
| Aeropostale, Inc.* |
9,879 | 284,812 | ||||||
| Barnes & Noble, Inc.(a) |
4,668 | 100,922 | ||||||
| Buckle, Inc. (The) |
4,988 | 183,359 | ||||||
| Cabela’s, Inc.*(a) |
6,592 | 115,294 | ||||||
| Chico’s FAS, Inc. |
949 | 13,685 | ||||||
| Childrens Place Retail Stores, Inc. (The)* |
2,772 | 123,493 | ||||||
| Collective Brands, Inc.* |
1,122 | 25,514 | ||||||
| Dick’s Sporting Goods, Inc.* |
3,725 | 97,260 | ||||||
| Dress Barn, Inc.* |
3,676 | 96,164 | ||||||
| DSW, Inc. Class A* |
1,500 | 38,295 | ||||||
| Gymboree Corp.* |
2,668 | 137,749 | ||||||
| J Crew Group, Inc.*(a) |
1,808 | 82,987 | ||||||
| Jo-Ann Stores, Inc.* |
1,221 | 51,258 | ||||||
| Men’s Wearhouse, Inc. (The) |
2,899 | 69,402 | ||||||
| Penske Auto Group, Inc.* |
4,407 | 63,549 | ||||||
| RadioShack Corp. |
11,480 | 259,792 | ||||||
| Rent-A-Center, Inc.* |
10,005 | 236,618 | ||||||
| Sally Beauty Holdings, Inc.*(a) |
15,495 | 138,215 | ||||||
| Tractor Supply Co.* |
2,345 | 136,127 | ||||||
| Ulta Salon Cosmetics & Fragrance, Inc.* |
1,720 | 38,906 | ||||||
| Williams-Sonoma, Inc.(a) |
406 | 10,674 | ||||||
| Total Specialty Retail | 2,449,804 | |||||||
| Textiles, Apparel & Luxury Goods – 2.6% | ||||||||
| Carter’s, Inc.* |
4,134 | 124,640 | ||||||
| Columbia Sportswear Co.(a) |
2,378 | 124,916 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 39 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Deckers Outdoor Corp.* |
1,327 | $ | 183,126 | |||||
| Fossil, Inc.* |
3,959 | 149,413 | ||||||
| Hanesbrands, Inc.* |
3,519 | 97,899 | ||||||
| Iconix Brand Group, Inc.* |
6,833 | 104,955 | ||||||
| Lululemon Athletica, Inc.* |
1,626 | 67,479 | ||||||
| Phillips-Van Heusen Corp. |
2,779 | 159,404 | ||||||
| Skechers U.S.A., Inc. Class A* |
266 | 9,661 | ||||||
| Timberland Co. (The) Class A* |
3,013 | 64,297 | ||||||
| Under Armour, Inc. Class A* |
1,684 | 49,526 | ||||||
| Unifirst Corp. |
1,912 | 98,468 | ||||||
| Warnaco Group, Inc. (The)* |
2,288 | 109,161 | ||||||
| Wolverine World Wide, Inc. |
2,677 | 78,061 | ||||||
| Total Textiles, Apparel & Luxury Goods | 1,421,006 | |||||||
| Thrifts & Mortgage Finance – 0.7% | ||||||||
| Astoria Financial Corp. |
4,276 | 62,002 | ||||||
| Capitol Federal Financial |
2,505 | 93,837 | ||||||
| First Niagara Financial Group, Inc. |
5,211 | 74,101 | ||||||
| NewAlliance Bancshares, Inc. |
3,878 | 48,940 | ||||||
| Northwest Bancshares, Inc. |
4,250 | 49,895 | ||||||
| Washington Federal, Inc. |
3,032 | 61,610 | ||||||
| Total Thrifts & Mortgage Finance | 390,385 | |||||||
| Tobacco – 0.5% | ||||||||
| Universal Corp. |
3,946 | 207,915 | ||||||
| Vector Group Ltd.(a) |
3,116 | 48,080 | ||||||
| Total Tobacco | 255,995 | |||||||
| Trading Companies & Distributors – 0.7% | ||||||||
| Applied Industrial Technologies, Inc. |
2,894 | 71,916 | ||||||
| GATX Corp. |
2,725 | 78,071 | ||||||
| Watsco, Inc. |
865 | 49,201 | ||||||
| WESCO International, Inc.* |
5,217 | 181,082 | ||||||
| Total Trading Companies & Distributors | 380,270 | |||||||
| Water Utilities – 0.2% | ||||||||
| Aqua America, Inc. |
6,391 | 112,290 | ||||||
| Wireless Telecommunication Services – 0.5% | ||||||||
| MetroPCS Communications, Inc.*(a) |
24,402 | 172,766 | ||||||
| Syniverse Holdings, Inc.* |
4,506 | 87,732 | ||||||
| Total Wireless Telecommunication Services | 260,498 | |||||||
| TOTAL COMMON STOCKS (Cost: $49,226,605) |
54,176,599 | |||||||
| SHORT-TERM INVESTMENT – 1.4% | ||||||||
| MONEY MARKET FUND – 1.4% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $736,492) | 736,492 | 736,492 | ||||||
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 14.9% | ||||||||
| MONEY MARKET FUND – 14.9% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $8,081,065)(d) | 8,081,065 | $ | 8,081,065 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 116.0% (Cost: $58,044,162) | 62,994,156 | |||||||
| Liabilities in Excess of Other Assets – (16.0)% |
(8,688,456 | ) | ||||||
| NET ASSETS – 100.0% | $ | 54,305,700 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $7,849,179 and the total market value of the collateral held by the Fund was $8,081,065. |
See Notes to Financial Statements.
| 40 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.4% | ||||||||
| Aerospace & Defense – 1.9% | ||||||||
| AAR Corp.* |
16,040 | $ | 398,113 | |||||
| Aerovironment, Inc.*(a) |
2,916 | 76,137 | ||||||
| American Science & Engineering, Inc. |
2,663 | 199,512 | ||||||
| Applied Signal Technology, Inc. |
3,304 | 64,692 | ||||||
| Argon ST, Inc.* |
5,703 | 151,757 | ||||||
| Ceradyne, Inc.* |
5,917 | 134,257 | ||||||
| Ducommun, Inc. |
4,767 | 100,155 | ||||||
| GeoEye, Inc.* |
3,308 | 97,586 | ||||||
| Ladish Co., Inc.* |
1,930 | 38,909 | ||||||
| LMI Aerospace, Inc.* |
4,647 | 86,341 | ||||||
| Orbital Sciences Corp.*(a) |
14,365 | 273,078 | ||||||
| Stanley, Inc.* |
8,199 | 231,950 | ||||||
| Total Aerospace & Defense | 1,852,487 | |||||||
| Air Freight & Logistics – 0.2% | ||||||||
| Atlas Air Worldwide Holdings, Inc.* |
1,776 | 94,217 | ||||||
| Dynamex, Inc.* |
2,538 | 43,654 | ||||||
| Forward Air Corp. |
3,557 | 93,549 | ||||||
| Total Air Freight & Logistics | 231,420 | |||||||
| Airlines – 0.6% | ||||||||
| Hawaiian Holdings, Inc.* |
43,971 | 324,066 | ||||||
| Republic Airways Holdings, Inc.* |
36,463 | 215,861 | ||||||
| Total Airlines | 539,927 | |||||||
| Auto Components – 0.5% | ||||||||
| China Automotive Systems, Inc.*(a) |
4,776 | 110,373 | ||||||
| Dorman Products, Inc.* |
7,676 | 145,767 | ||||||
| Hawk Corp. Class A* |
1,957 | 38,162 | ||||||
| Spartan Motors, Inc. |
20,500 | 114,800 | ||||||
| Wonder Auto Technology, Inc.*(a) |
8,393 | 88,798 | ||||||
| Total Auto Components | 497,900 | |||||||
| Beverages – 0.5% | ||||||||
| Boston Beer Co., Inc. Class A* |
3,259 | 170,315 | ||||||
| Coca-Cola Bottling Co. Consolidated |
3,035 | 178,033 | ||||||
| National Beverage Corp. |
10,381 | 115,437 | ||||||
| Total Beverages | 463,785 | |||||||
| Biotechnology – 1.0% | ||||||||
| Biospecifics Technologies Corp.* |
645 | 17,899 | ||||||
| Cytokinetics, Inc.* |
49,964 | 159,885 | ||||||
| Emergent Biosolutions, Inc.* |
11,798 | 198,088 | ||||||
| Enzon Pharmaceuticals, Inc.* |
399 | 4,062 | ||||||
| Idera Pharmaceuticals, Inc.* |
4,344 | 26,976 | ||||||
| Immunomedics, Inc.*(a) |
63,626 | 211,238 | ||||||
| Keryx Biopharmaceuticals, Inc.*(a) |
14,708 | 40,300 | ||||||
| Martek Biosciences Corp.*(a) |
11,797 | 265,551 | ||||||
| Oncothyreon, Inc.*(a) |
5,781 | 20,060 | ||||||
| Total Biotechnology | 944,059 | |||||||
| Building Products – 0.9% | ||||||||
| AAON, Inc. |
7,418 | 167,795 | ||||||
| Ameron International Corp. |
2,435 | 153,137 | ||||||
| Apogee Enterprises, Inc. |
17,643 | 278,936 | ||||||
| Investments | Shares | Value | ||||||
| Griffon Corp.* |
9,766 | $ | 121,684 | |||||
| Universal Forest Products, Inc. |
2,969 | 114,366 | ||||||
| Total Building Products | 835,918 | |||||||
| Capital Markets – 2.1% | ||||||||
| BGC Partners, Inc. Class A |
21,914 | 133,895 | ||||||
| BlackRock Kelso Capital Corp. |
60,710 | 604,672 | ||||||
| Broadpoint Gleacher Securities, Inc.*(a) |
49,807 | 199,228 | ||||||
| Diamond Hill Investment Group, Inc. |
486 | 33,340 | ||||||
| Duff & Phelps Corp. Class A |
2,670 | 44,696 | ||||||
| Epoch Holding Corp. |
1,452 | 16,393 | ||||||
| Fifth Street Finance Corp. |
684 | 7,941 | ||||||
| GFI Group, Inc.(a) |
36,412 | 210,461 | ||||||
| International Assets Holding Corp.*(a) |
5,029 | 75,284 | ||||||
| JMP Group, Inc. |
358 | 3,043 | ||||||
| LaBranche & Co., Inc.*(a) |
3,044 | 16,011 | ||||||
| Main Street Capital Corp.(a) |
3,728 | 58,194 | ||||||
| Oppenheimer Holdings, Inc. Class A |
1,442 | 36,785 | ||||||
| Penson Worldwide, Inc.*(a) |
1,364 | 13,736 | ||||||
| Prospect Capital Corp.(a) |
21,736 | 264,092 | ||||||
| Pzena Investment Management, Inc. Class A* |
4,161 | 31,748 | ||||||
| Safeguard Scientifics, Inc.(a) |
859 | 11,167 | ||||||
| SWS Group, Inc. |
8,842 | 101,948 | ||||||
| TradeStation Group, Inc.*(a) |
15,112 | 105,935 | ||||||
| US Global Investors, Inc. Class A |
1,622 | 16,042 | ||||||
| Westwood Holdings Group, Inc. |
1,406 | 51,741 | ||||||
| Total Capital Markets | 2,036,352 | |||||||
| Chemicals – 2.7% | ||||||||
| American Vanguard Corp.(a) |
6,489 | 52,885 | ||||||
| Arch Chemicals, Inc. |
4,551 | 156,509 | ||||||
| Balchem Corp. |
5,739 | 141,466 | ||||||
| Calgon Carbon Corp.* |
11,080 | 189,690 | ||||||
| China Green Agriculture, Inc.*(a) |
5,310 | 74,340 | ||||||
| Hawkins, Inc.(a) |
5,971 | 144,498 | ||||||
| ICO, Inc.* |
2,627 | 21,226 | ||||||
| Innophos Holdings, Inc. |
28,246 | 788,064 | ||||||
| Koppers Holdings, Inc. |
4,302 | 121,833 | ||||||
| Landec Corp.* |
6,172 | 40,920 | ||||||
| LSB Industries, Inc.* |
9,444 | 143,927 | ||||||
| Omnova Solutions, Inc.* |
6,465 | 50,750 | ||||||
| Quaker Chemical Corp. |
1,030 | 27,923 | ||||||
| Schulman A., Inc. |
673 | 16,468 | ||||||
| ShengdaTech, Inc.*(a) |
24,379 | 182,599 | ||||||
| Stepan Co. |
4,130 | 230,826 | ||||||
| Yongye International, Inc. |
11,285 | 91,183 | ||||||
| Zep, Inc. |
2,840 | 62,139 | ||||||
| Zoltek Cos., Inc.*(a) |
1,231 | 11,867 | ||||||
| Total Chemicals | 2,549,113 | |||||||
| Commercial Banks – 7.4% | ||||||||
| 1st Source Corp.(a) |
6,774 | 118,884 | ||||||
| Alliance Financial Corp.(a) |
1,550 | 45,694 | ||||||
| American National Bankshares, Inc.(a) |
1,709 | 34,436 | ||||||
| Ames National Corp. |
2,274 | 45,594 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Arrow Financial Corp.(a) |
3,703 | $ | 99,574 | |||||
| Bancfirst Corp. |
4,243 | 177,824 | ||||||
| Bancorp, Inc.* |
9,476 | 84,336 | ||||||
| Bank of Marin Bancorp |
1,750 | 57,890 | ||||||
| Bank of the Ozarks, Inc. |
6,488 | 228,313 | ||||||
| Bryn Mawr Bank Corp. |
2,565 | 46,555 | ||||||
| Camden National Corp. |
4,377 | 140,545 | ||||||
| Cardinal Financial Corp. |
5,217 | 55,718 | ||||||
| Century Bancorp, Inc. Class A(a) |
2,519 | 48,365 | ||||||
| Chemical Financial Corp.(a) |
1,497 | 35,359 | ||||||
| City Holding Co.(a) |
5,807 | 199,122 | ||||||
| Community Bank System, Inc.(a) |
11,850 | 269,943 | ||||||
| Community Trust Bancorp, Inc.(a) |
5,417 | 146,747 | ||||||
| Danvers Bancorp, Inc. |
1,028 | 14,217 | ||||||
| First Bancorp(a) |
5,646 | 76,334 | ||||||
| First Bancorp, Inc. |
4,125 | 65,753 | ||||||
| First Financial Bancorp(a) |
82,938 | 1,475,467 | ||||||
| First Financial Corp.(a) |
4,022 | 116,477 | ||||||
| First of Long Island Corp. (The) |
2,797 | 67,408 | ||||||
| FNB Corp. |
3,427 | 27,793 | ||||||
| German American Bancorp, Inc. |
3,944 | 59,673 | ||||||
| Great Southern Bancorp, Inc.(a) |
519 | 11,646 | ||||||
| Heartland Financial USA, Inc.(a) |
2,524 | 40,308 | ||||||
| Home Bancshares, Inc. |
1,733 | 45,821 | ||||||
| Independent Bank Corp.(a) |
2,741 | 67,593 | ||||||
| Lakeland Financial Corp. |
4,635 | 88,297 | ||||||
| MainSource Financial Group, Inc. |
4,047 | 27,236 | ||||||
| Merchants Bancshares, Inc.(a) |
2,614 | 56,750 | ||||||
| Metro Bancorp, Inc.*(a) |
733 | 10,093 | ||||||
| National Bankshares, Inc.(a) |
2,605 | 70,986 | ||||||
| NBT Bancorp, Inc.(a) |
12,838 | 293,348 | ||||||
| Northfield Bancorp, Inc. |
4,504 | 65,218 | ||||||
| Orrstown Financial Services, Inc. |
2,005 | 50,867 | ||||||
| Renasant Corp.(a) |
5,446 | 88,116 | ||||||
| Republic Bancorp, Inc. Class A |
10,341 | 194,824 | ||||||
| S&T Bancorp, Inc. |
2,239 | 46,795 | ||||||
| S.Y. Bancorp, Inc.(a) |
4,359 | 99,167 | ||||||
| Santander BanCorp* |
6,401 | 78,540 | ||||||
| SCBT Financial Corp.(a) |
1,972 | 73,043 | ||||||
| Shore Bancshares, Inc. |
2,112 | 30,096 | ||||||
| Simmons First National Corp. Class A(a) |
4,638 | 127,870 | ||||||
| Southside Bancshares, Inc. |
10,906 | 235,242 | ||||||
| Sterling Bancorp(a) |
6,512 | 65,446 | ||||||
| Suffolk Bancorp(a) |
3,959 | 121,581 | ||||||
| Susquehanna Bancshares, Inc. |
2,393 | 23,475 | ||||||
| Texas Capital Bancshares, Inc.*(a) |
6,451 | 122,504 | ||||||
| Tompkins Financial Corp.(a) |
4,080 | 148,838 | ||||||
| TowneBank(a) |
6,745 | 94,160 | ||||||
| Trico Bancshares(a) |
3,640 | 72,436 | ||||||
| Union First Market Bankshares Corp. |
2,247 | 33,930 | ||||||
| United Bankshares, Inc.(a) |
16,949 | 444,403 | ||||||
| Univest Corp. of Pennsylvania |
3,908 | 73,041 | ||||||
| Washington Trust Bancorp, Inc.(a) |
5,321 | 99,183 | ||||||
| WesBanco, Inc. |
6,206 | 100,910 | ||||||
| Investments | Shares | Value | ||||||
| Wilshire Bancorp, Inc.(a) |
12,696 | $ | 140,037 | |||||
| Total Commercial Banks | 7,079,821 | |||||||
| Commercial Services & Supplies – 3.5% | ||||||||
| APAC Customer Services, Inc. |
28,778 | 165,474 | ||||||
| ATC Technology Corp.* |
7,048 | 120,944 | ||||||
| Consolidated Graphics, Inc.* |
2,707 | 112,097 | ||||||
| Cornell Cos., Inc.* |
6,180 | 113,156 | ||||||
| Courier Corp. |
2,863 | 47,268 | ||||||
| Deluxe Corp. |
40,100 | 778,742 | ||||||
| EnergySolutions, Inc. |
18,061 | 116,132 | ||||||
| Ennis, Inc. |
10,395 | 169,127 | ||||||
| Innerworkings, Inc.*(a) |
5,161 | 26,837 | ||||||
| Kimball International, Inc. Class B |
4,381 | 30,448 | ||||||
| Knoll, Inc. |
23,697 | 266,591 | ||||||
| M&F Worldwide Corp.* |
18,268 | 559,001 | ||||||
| McGrath Rentcorp |
7,754 | 187,879 | ||||||
| Mobile Mini, Inc.* |
10,710 | 165,898 | ||||||
| Multi-Color Corp. |
5,490 | 65,770 | ||||||
| PRGX Global, Inc.* |
19,211 | 112,769 | ||||||
| Standard Parking Corp.* |
4,875 | 80,047 | ||||||
| Team, Inc.* |
5,177 | 85,886 | ||||||
| U.S. Ecology, Inc. |
5,206 | 83,817 | ||||||
| Total Commercial Services & Supplies | 3,287,883 | |||||||
| Communications Equipment – 0.8% | ||||||||
| Acme Packet, Inc.* |
5,407 | 104,247 | ||||||
| Anaren, Inc.* |
3,775 | 53,756 | ||||||
| BigBand Networks, Inc.* |
1,461 | 5,157 | ||||||
| Black Box Corp. |
6,192 | 190,466 | ||||||
| Cogo Group, Inc.* |
6,223 | 43,499 | ||||||
| DG FastChannel, Inc.* |
2,955 | 94,412 | ||||||
| Digi International, Inc.* |
2,669 | 28,398 | ||||||
| EMS Technologies, Inc.* |
5,376 | 89,242 | ||||||
| Globecomm Systems, Inc.* |
3,833 | 29,476 | ||||||
| Seachange International, Inc.* |
7,255 | 52,091 | ||||||
| Telestone Technologies Corp.*(a) |
3,276 | 57,330 | ||||||
| Total Communications Equipment | 748,074 | |||||||
| Computers & Peripherals – 0.7% | ||||||||
| Compellent Technologies, Inc.*(a) |
1,167 | 20,481 | ||||||
| Cray, Inc.* |
9,087 | 54,067 | ||||||
| Netezza Corp.*(a) |
12,954 | 165,682 | ||||||
| Rimage Corp.* |
2,317 | 33,504 | ||||||
| STEC, Inc.*(a) |
19,658 | 235,503 | ||||||
| Stratasys, Inc.*(a) |
1,757 | 42,836 | ||||||
| Super Micro Computer, Inc.* |
6,558 | 113,322 | ||||||
| Total Computers & Peripherals | 665,395 | |||||||
| Construction & Engineering – 0.9% | ||||||||
| Comfort Systems USA, Inc.(a) |
16,350 | 204,212 | ||||||
| Dycom Industries, Inc.* |
1,711 | 15,005 | ||||||
| Furmanite Corp.*(a) |
6,303 | 32,713 | ||||||
| Great Lakes Dredge & Dock Corp. |
14,754 | 77,459 | ||||||
| Michael Baker Corp.* |
2,990 | 103,095 | ||||||
| MYR Group, Inc.* |
5,544 | 90,423 | ||||||
See Notes to Financial Statements.
| 42 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Northwest Pipe Co.* |
4,889 | $ | 106,825 | |||||
| Orion Marine Group, Inc.*(a) |
5,324 | 96,098 | ||||||
| Pike Electric Corp.*(a) |
5,676 | 52,900 | ||||||
| Sterling Construction Co., Inc.* |
6,977 | 109,678 | ||||||
| Total Construction & Engineering | 888,408 | |||||||
| Consumer Finance – 1.6% | ||||||||
| Advance America, Cash Advance Centers, Inc. |
36,977 | 215,206 | ||||||
| Dollar Financial Corp.* |
11,829 | 284,606 | ||||||
| Ezcorp, Inc. Class A* |
21,284 | 438,450 | ||||||
| First Cash Financial Services, Inc.* |
9,616 | 207,417 | ||||||
| World Acceptance Corp.*(a) |
10,730 | 387,139 | ||||||
| Total Consumer Finance | 1,532,818 | |||||||
| Containers & Packaging – 0.8% | ||||||||
| AEP Industries, Inc.* |
5,174 | 134,627 | ||||||
| Boise, Inc.*(a) |
84,076 | 515,386 | ||||||
| Bway Holding Co.* |
5,581 | 112,178 | ||||||
| Total Containers & Packaging | 762,191 | |||||||
| Distributors – 0.2% | ||||||||
| Core-Mark Holding Co., Inc.* |
7,649 | 234,136 | ||||||
| Diversified Consumer Services – 1.1% | ||||||||
| American Public Education, Inc.* |
3,287 | 153,174 | ||||||
| ChinaCast Education Corp.* |
5,973 | 43,663 | ||||||
| Jackson Hewitt Tax Service, Inc.*(a) |
18,844 | 37,688 | ||||||
| K12, Inc.*(a) |
3,265 | 72,516 | ||||||
| Learning Tree International, Inc.*(a) |
2,776 | 39,058 | ||||||
| Lincoln Educational Services Corp.* |
9,611 | 243,158 | ||||||
| Pre-Paid Legal Services, Inc.*(a) |
7,420 | 280,847 | ||||||
| Stewart Enterprises, Inc. Class A(a) |
21,789 | 136,181 | ||||||
| Universal Technical Institute, Inc.* |
1,270 | 28,982 | ||||||
| Total Diversified Consumer Services | 1,035,267 | |||||||
| Diversified Financial Services – 1.0% | ||||||||
| Asset Acceptance Capital Corp.* |
6,523 | 41,160 | ||||||
| Encore Capital Group, Inc.*(a) |
7,158 | 117,749 | ||||||
| Interactive Brokers Group, Inc. Class A*(a) |
15,753 | 254,411 | ||||||
| Life Partners Holdings, Inc. |
7,623 | 169,002 | ||||||
| MarketAxess Holdings, Inc. |
4,292 | 67,513 | ||||||
| Medallion Financial Corp.(a) |
6,264 | 49,862 | ||||||
| Portfolio Recovery Associates, Inc.* |
5,290 | 290,262 | ||||||
| Total Diversified Financial Services | 989,959 | |||||||
| Diversified Telecommunication Services – 1.6% | ||||||||
| Alaska Communications Systems Group, Inc.(a) |
3,702 | 30,060 | ||||||
| Atlantic Tele-Network, Inc. |
3,661 | 164,489 | ||||||
| Cincinnati Bell, Inc.*(a) |
189,638 | 646,666 | ||||||
| Cogent Communications Group, Inc.* |
13,648 | 142,076 | ||||||
| Consolidated Communications Holdings, Inc.(a) |
5,650 | 107,124 | ||||||
| General Communication, Inc. Class A*(a) |
2,537 | 14,638 | ||||||
| HickoryTech Corp. |
7,234 | 63,876 | ||||||
| Iowa Telecommunications Services, Inc. |
5,104 | 85,237 | ||||||
| Neutral Tandem, Inc.* |
9,527 | 152,241 | ||||||
| Premiere Global Services, Inc.* |
15,957 | 131,805 | ||||||
| Total Diversified Telecommunication Services | 1,538,212 | |||||||
| Investments | Shares | Value | ||||||
| Electric Utilities – 0.3% | ||||||||
| Central Vermont Public Service Corp. |
3,721 | $ | 75,053 | |||||
| Empire District Electric Co. (The) |
9,697 | 174,740 | ||||||
| Unitil Corp. |
2,114 | 49,150 | ||||||
| Total Electric Utilities | 298,943 | |||||||
| Electrical Equipment – 1.4% | ||||||||
| Advanced Battery Technologies, Inc.*(a) |
27,601 | 107,644 | ||||||
| AZZ, Inc.(a) |
6,336 | 214,473 | ||||||
| Encore Wire Corp.(a) |
5,237 | 108,929 | ||||||
| Franklin Electric Co., Inc.(a) |
3,295 | 98,817 | ||||||
| Fushi Copperweld, Inc.*(a) |
10,946 | 122,814 | ||||||
| GT Solar International, Inc.*(a) |
66,194 | 346,195 | ||||||
| Harbin Electric, Inc.*(a) |
2,271 | 49,031 | ||||||
| LaBarge, Inc.* |
4,316 | 47,692 | ||||||
| Powell Industries, Inc.* |
6,358 | 206,826 | ||||||
| PowerSecure International, Inc.*(a) |
1,382 | 10,890 | ||||||
| Total Electrical Equipment | 1,313,311 | |||||||
| Electronic Equipment, Instruments & Components – 1.6% | ||||||||
| Checkpoint Systems, Inc.* |
3,348 | 74,058 | ||||||
| Cogent, Inc.*(a) |
18,417 | 187,853 | ||||||
| Daktronics, Inc.(a) |
6,393 | 48,715 | ||||||
| DTS, Inc.* |
1,242 | 42,278 | ||||||
| Electro Rent Corp. |
4,252 | 55,829 | ||||||
| IPG Photonics Corp.* |
4,003 | 59,244 | ||||||
| Mercury Computer Systems, Inc.* |
6,948 | 95,327 | ||||||
| MTS Systems Corp.(a) |
3,383 | 98,208 | ||||||
| Multi-Fineline Electronix, Inc.* |
8,658 | 223,030 | ||||||
| OSI Systems, Inc.* |
3,589 | 100,671 | ||||||
| Park Electrochemical Corp. |
2,917 | 83,835 | ||||||
| Rofin-Sinar Technologies, Inc.* |
1,932 | 43,702 | ||||||
| Scansource, Inc.* |
9,098 | 261,840 | ||||||
| Spectrum Control, Inc.*(a) |
4,789 | 55,983 | ||||||
| TTM Technologies, Inc.* |
5,162 | 45,839 | ||||||
| Total Electronic Equipment, Instruments & Components | 1,476,412 | |||||||
| Energy Equipment & Services – 3.0% | ||||||||
| Boots & Coots, Inc.* |
31,059 | 75,473 | ||||||
| Cal Dive International, Inc.* |
78,072 | 572,268 | ||||||
| Dawson Geophysical Co.* |
2,675 | 78,217 | ||||||
| Global Industries Ltd.* |
34,138 | 219,166 | ||||||
| Gulf Island Fabrication, Inc. |
4,497 | 97,810 | ||||||
| Gulfmark Offshore, Inc. Class A* |
19,482 | 517,247 | ||||||
| Hornbeck Offshore Services, Inc.*(a) |
17,075 | 317,083 | ||||||
| Matrix Service Co.* |
14,276 | 153,610 | ||||||
| Natural Gas Services Group, Inc.* |
3,739 | 59,338 | ||||||
| OYO Geospace Corp.* |
1,206 | 57,659 | ||||||
| Parker Drilling Co.* |
54,581 | 269,084 | ||||||
| PHI, Inc.* |
4,809 | 101,855 | ||||||
| T-3 Energy Services, Inc.* |
5,151 | 126,508 | ||||||
| Willbros Group, Inc.* |
15,553 | 186,791 | ||||||
| Total Energy Equipment & Services | 2,832,109 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Food & Staples Retailing – 1.6% | ||||||||
| Arden Group, Inc. Class A |
1,298 | $ | 137,951 | |||||
| Ingles Markets, Inc. Class A |
11,470 | 172,394 | ||||||
| Nash Finch Co. |
5,775 | 194,329 | ||||||
| Pantry, Inc. (The)*(a) |
27,679 | 345,711 | ||||||
| Pricesmart, Inc.(a) |
10,968 | 255,006 | ||||||
| Spartan Stores, Inc.(a) |
12,171 | 175,506 | ||||||
| Susser Holdings Corp.*(a) |
8,312 | 70,236 | ||||||
| Village Super Market, Inc. Class A |
5,180 | 145,195 | ||||||
| Winn-Dixie Stores, Inc.* |
5,322 | 66,472 | ||||||
| Total Food & Staples Retailing | 1,562,800 | |||||||
| Food Products – 3.0% | ||||||||
| AgFeed Industries, Inc.*(a) |
12,094 | 53,093 | ||||||
| American Dairy, Inc.*(a) |
15,874 | 303,987 | ||||||
| American Italian Pasta Co. Class A* |
12,528 | 486,963 | ||||||
| B&G Foods, Inc. Class A |
8,653 | 90,683 | ||||||
| Calavo Growers, Inc.(a) |
4,639 | 84,615 | ||||||
| Cal-Maine Foods, Inc.(a) |
11,654 | 394,954 | ||||||
| Chiquita Brands International, Inc.*(a) |
21,586 | 339,548 | ||||||
| Darling International, Inc.* |
19,489 | 174,621 | ||||||
| Diamond Foods, Inc. |
3,569 | 150,041 | ||||||
| Hain Celestial Group, Inc.* |
8,334 | 144,595 | ||||||
| J&J Snack Foods Corp. |
5,580 | 242,563 | ||||||
| Lifeway Foods, Inc.* |
2,456 | 29,153 | ||||||
| Seneca Foods Corp. Class A*(a) |
5,605 | 163,218 | ||||||
| Smart Balance, Inc.* |
676 | 4,380 | ||||||
| Zhongpin, Inc.*(a) |
13,901 | 176,543 | ||||||
| Total Food Products | 2,838,957 | |||||||
| Gas Utilities – 0.4% | ||||||||
| Chesapeake Utilities Corp.(a) |
2,179 | 64,934 | ||||||
| China Natural Gas, Inc.*(a) |
7,645 | 74,998 | ||||||
| Laclede Group, Inc. (The)(a) |
8,145 | 274,649 | ||||||
| Total Gas Utilities | 414,581 | |||||||
| Health Care Equipment & Supplies – 2.8% | ||||||||
| Abaxis, Inc.* |
2,827 | 76,866 | ||||||
| Accuray, Inc.* |
847 | 5,158 | ||||||
| Analogic Corp.(a) |
726 | 31,022 | ||||||
| Angiodynamics, Inc.*(a) |
3,248 | 50,734 | ||||||
| Atrion Corp. |
603 | 86,253 | ||||||
| Cantel Medical Corp. |
4,154 | 82,457 | ||||||
| Conceptus, Inc.*(a) |
1,684 | 33,613 | ||||||
| Conmed Corp.* |
3,739 | 89,026 | ||||||
| CryoLife, Inc.* |
22,261 | 144,029 | ||||||
| Cyberonics, Inc.* |
18,717 | 358,618 | ||||||
| Exactech, Inc.* |
3,164 | 66,349 | ||||||
| Greatbatch, Inc.* |
6,318 | 133,878 | ||||||
| ICU Medical, Inc.* |
3,855 | 132,805 | ||||||
| IRIS International, Inc.* |
3,341 | 34,112 | ||||||
| Kensey Nash Corp.* |
4,161 | 98,158 | ||||||
| Medical Action Industries, Inc.* |
2,927 | 35,914 | ||||||
| Merit Medical Systems, Inc.*(a) |
6,384 | 97,356 | ||||||
| Micrus Endovascular Corp.* |
1,425 | 28,101 | ||||||
| Investments | Shares | Value | ||||||
| Natus Medical, Inc.* |
4,819 | $ | 76,670 | |||||
| Neogen Corp.*(a) |
3,120 | 78,312 | ||||||
| Quidel Corp.*(a) |
7,200 | 104,688 | ||||||
| RTI Biologics, Inc.* |
6,836 | 29,600 | ||||||
| Somanetics Corp.* |
2,786 | 53,324 | ||||||
| SonoSite, Inc.* |
695 | 22,316 | ||||||
| SurModics, Inc.*(a) |
7,887 | 165,154 | ||||||
| Symmetry Medical, Inc.* |
21,486 | 215,719 | ||||||
| Synovis Life Technologies, Inc.* |
1,977 | 30,703 | ||||||
| Vascular Solutions, Inc.* |
11,428 | 102,738 | ||||||
| Wright Medical Group, Inc.* |
2,017 | 35,842 | ||||||
| Young Innovations, Inc.(a) |
2,833 | 79,777 | ||||||
| Zoll Medical Corp.* |
2,067 | 54,486 | ||||||
| Total Health Care Equipment & Supplies | 2,633,778 | |||||||
| Health Care Providers & Services – 6.5% | ||||||||
| Air Methods Corp.* |
4,496 | 152,864 | ||||||
| Alliance Healthcare Services, Inc.* |
10,994 | 61,786 | ||||||
| Allied Healthcare International, Inc.* |
17,754 | 48,291 | ||||||
| Almost Family, Inc.* |
3,010 | 113,447 | ||||||
| America Service Group, Inc. |
2,881 | 46,355 | ||||||
| American Dental Partners, Inc.* |
2,970 | 38,759 | ||||||
| AMN Healthcare Services, Inc.* |
1,323 | 11,642 | ||||||
| Amsurg Corp.* |
12,141 | 262,124 | ||||||
| Assisted Living Concepts, Inc. Class A*(a) |
2,920 | 95,893 | ||||||
| Bio-Reference Labs, Inc.* |
2,944 | 129,448 | ||||||
| Capital Senior Living Corp.* |
1,802 | 9,479 | ||||||
| CardioNet, Inc.*(a) |
1,980 | 15,147 | ||||||
| Chindex International, Inc.* |
2,491 | 29,419 | ||||||
| Continucare Corp.* |
24,283 | 89,847 | ||||||
| Corvel Corp.* |
3,430 | 122,623 | ||||||
| Cross Country Healthcare, Inc.* |
1,991 | 20,129 | ||||||
| Ensign Group, Inc. (The) |
10,853 | 188,083 | ||||||
| Five Star Quality Care, Inc.* |
56,407 | 172,041 | ||||||
| Genoptix, Inc.*(a) |
3,888 | 137,985 | ||||||
| Gentiva Health Services, Inc.*(a) |
11,764 | 332,686 | ||||||
| Hanger Orthopedic Group, Inc.* |
11,745 | 213,524 | ||||||
| Health Grades, Inc.* |
7,753 | 49,309 | ||||||
| Healthways, Inc.* |
13,483 | 216,672 | ||||||
| inVentiv Health, Inc.* |
14,878 | 334,160 | ||||||
| IPC The Hospitalist Co., Inc.* |
3,013 | 105,786 | ||||||
| Kindred Healthcare, Inc.*(a) |
19,960 | 360,278 | ||||||
| Landauer, Inc.(a) |
1,960 | 127,831 | ||||||
| LHC Group, Inc.*(a) |
6,402 | 214,659 | ||||||
| Medcath Corp.* |
2,573 | 26,939 | ||||||
| Molina Healthcare, Inc.* |
12,061 | 303,575 | ||||||
| MWI Veterinary Supply, Inc.* |
3,654 | 147,622 | ||||||
| National Healthcare Corp. |
4,238 | 149,940 | ||||||
| Odyssey HealthCare, Inc.* |
11,719 | 212,231 | ||||||
| PharMerica Corp.*(a) |
8,936 | 162,814 | ||||||
| RehabCare Group, Inc.*(a) |
5,023 | 136,977 | ||||||
| Res-Care, Inc.* |
17,732 | 212,607 | ||||||
| Skilled Healthcare Group, Inc. Class A* |
26,101 | 161,043 | ||||||
| Sun Healthcare Group, Inc.*(a) |
68,634 | 654,768 | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Triple-S Management Corp. Class B* |
13,329 | $ | 236,590 | |||||
| U.S. Physical Therapy, Inc.* |
3,857 | 67,112 | ||||||
| Virtual Radiologic Corp.*(a) |
3,098 | 34,078 | ||||||
| Total Health Care Providers & Services | 6,206,563 | |||||||
| Health Care Technology – 0.3% | ||||||||
| Computer Programs & Systems, Inc. |
1,805 | 70,539 | ||||||
| Medidata Solutions, Inc.*(a) |
980 | 14,896 | ||||||
| MedQuist, Inc. |
7,041 | 54,990 | ||||||
| Merge Healthcare, Inc.* |
9,341 | 19,336 | ||||||
| Omnicell, Inc.* |
2,137 | 29,982 | ||||||
| Phase Forward, Inc.*(a) |
3,725 | 48,686 | ||||||
| Transcend Services, Inc.*(a) |
1,947 | 31,639 | ||||||
| Total Health Care Technology | 270,068 | |||||||
| Hotels, Restaurants & Leisure – 5.7% | ||||||||
| AFC Enterprises* |
9,470 | 101,613 | ||||||
| Ambassadors Group, Inc.(a) |
8,447 | 93,339 | ||||||
| BJ’s Restaurants, Inc.*(a) |
4,407 | 102,683 | ||||||
| Buffalo Wild Wings, Inc.*(a) |
3,826 | 184,069 | ||||||
| California Pizza Kitchen, Inc.* |
3,862 | 64,843 | ||||||
| Caribou Coffee Co., Inc.*(a) |
2,238 | 14,816 | ||||||
| Carrols Restaurant Group, Inc.* |
16,047 | 109,120 | ||||||
| CEC Entertainment, Inc.*(a) |
9,443 | 359,684 | ||||||
| Churchill Downs, Inc.(a) |
2,990 | 112,125 | ||||||
| CKE Restaurants, Inc.(a) |
22,265 | 246,474 | ||||||
| Denny’s Corp.* |
29,821 | 114,513 | ||||||
| DineEquity, Inc.*(a) |
6,861 | 271,215 | ||||||
| Domino’s Pizza, Inc.*(a) |
44,847 | 611,713 | ||||||
| Dover Downs Gaming & Entertainment, Inc. |
18,671 | 73,937 | ||||||
| Einstein Noah Restaurant Group, Inc.*(a) |
43,156 | 524,345 | ||||||
| Interval Leisure Group, Inc.* |
17,834 | 259,663 | ||||||
| Isle of Capri Casinos, Inc.* |
8,584 | 66,784 | ||||||
| Landry’s Restaurants, Inc.*(a) |
5,457 | 97,789 | ||||||
| Marcus Corp.(a) |
6,450 | 83,785 | ||||||
| Monarch Casino & Resort, Inc.*(a) |
3,288 | 28,080 | ||||||
| Papa John’s International, Inc.* |
12,401 | 318,830 | ||||||
| Peet’s Coffee & Tea, Inc.*(a) |
2,056 | 81,520 | ||||||
| PF Chang’s China Bistro, Inc.*(a) |
5,366 | 236,802 | ||||||
| Red Robin Gourmet Burgers, Inc.* |
6,730 | 164,481 | ||||||
| Ruby Tuesday, Inc.*(a) |
1,940 | 20,506 | ||||||
| Shuffle Master, Inc.* |
12,581 | 103,038 | ||||||
| Sonic Corp.* |
25,603 | 282,913 | ||||||
| Speedway Motorsports, Inc. |
25,455 | 397,353 | ||||||
| Texas Roadhouse, Inc.* |
21,016 | 291,912 | ||||||
| Total Hotels, Restaurants & Leisure | 5,417,945 | |||||||
| Household Durables – 0.7% | ||||||||
| Blyth, Inc. |
3,044 | 95,125 | ||||||
| CSS Industries, Inc. |
4,122 | 82,852 | ||||||
| Deer Consumer Products, Inc.* |
3,225 | 39,152 | ||||||
| Hooker Furniture Corp. |
1,504 | 24,184 | ||||||
| iRobot Corp.*(a) |
1,623 | 24,605 | ||||||
| National Presto Industries, Inc.(a) |
3,008 | 357,681 | ||||||
| Investments | Shares | Value | ||||||
| Universal Electronics, Inc.*(a) |
3,263 | $ | 72,895 | |||||
| Total Household Durables | 696,494 | |||||||
| Household Products – 0.6% | ||||||||
| Central Garden and Pet Co. Class A* |
34,980 | 320,417 | ||||||
| Orchids Paper Products Co.*(a) |
3,215 | 52,887 | ||||||
| WD-40 Co. |
4,934 | 161,983 | ||||||
| Total Household Products | 535,287 | |||||||
| Industrial Conglomerates – 0.3% | ||||||||
| Raven Industries, Inc. |
4,389 | 129,432 | ||||||
| Standex International Corp. |
2,408 | 62,054 | ||||||
| Tredegar Corp.(a) |
4,305 | 73,529 | ||||||
| Total Industrial Conglomerates | 265,015 | |||||||
| Insurance – 8.7% | ||||||||
| American Equity Investment Life Holding Co. |
8,548 | 91,036 | ||||||
| American Physicians Capital, Inc.(a) |
7,476 | 238,858 | ||||||
| American Physicians Service Group, Inc. |
5,003 | 125,075 | ||||||
| AMERISAFE, Inc.*(a) |
12,544 | 205,345 | ||||||
| Amtrust Financial Services, Inc.(a) |
51,702 | 721,243 | ||||||
| Baldwin & Lyons, Inc. Class B |
7,646 | 184,192 | ||||||
| CNA Surety Corp.* |
33,370 | 593,652 | ||||||
| Donegal Group, Inc. Class A(a) |
6,045 | 87,713 | ||||||
| eHealth, Inc.*(a) |
5,193 | 81,790 | ||||||
| EMC Insurance Group, Inc. |
6,914 | 155,703 | ||||||
| Employers Holdings, Inc.(a) |
31,132 | 462,310 | ||||||
| FBL Financial Group, Inc. Class A |
13,059 | 319,684 | ||||||
| First Mercury Financial Corp. |
13,486 | 175,723 | ||||||
| FPIC Insurance Group, Inc.*(a) |
6,509 | 176,459 | ||||||
| Hallmark Financial Services, Inc.* |
11,754 | 105,786 | ||||||
| Horace Mann Educators Corp. |
23,693 | 356,817 | ||||||
| Infinity Property & Casualty Corp.(a) |
10,342 | 469,941 | ||||||
| Kansas City Life Insurance Co. |
1,974 | 62,339 | ||||||
| MBIA, Inc.*(a) |
328,390 | 2,059,005 | ||||||
| Meadowbrook Insurance Group, Inc. |
36,652 | 289,551 | ||||||
| National Interstate Corp.(a) |
8,553 | 177,133 | ||||||
| National Western Life Insurance Co. Class A |
1,506 | 277,631 | ||||||
| NYMAGIC, Inc. |
3,562 | 75,621 | ||||||
| PMA Capital Corp. Class A* |
16,506 | 101,347 | ||||||
| Presidential Life Corp. |
2,626 | 26,181 | ||||||
| Safety Insurance Group, Inc. |
7,973 | 300,343 | ||||||
| SeaBright Insurance Holdings, Inc. |
11,322 | 124,655 | ||||||
| State Auto Financial Corp. |
4,926 | 88,422 | ||||||
| Universal Insurance Holdings, Inc.(a) |
35,861 | 181,457 | ||||||
| Total Insurance | 8,315,012 | |||||||
| Internet & Catalog Retail – 0.3% | ||||||||
| NutriSystem, Inc.(a) |
4,981 | 88,712 | ||||||
| PetMed Express, Inc.(a) |
6,962 | 154,347 | ||||||
| Total Internet & Catalog Retail | 243,059 | |||||||
| Internet Software & Services – 0.9% | ||||||||
| Art Technology Group, Inc.* |
17,881 | 78,855 | ||||||
| comScore, Inc.* |
7,163 | 119,551 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Dice Holdings, Inc.* |
12,360 | $ | 93,936 | |||||
| Innodata Isogen, Inc.* |
11,974 | 48,495 | ||||||
| Internet Brands, Inc. Class A* |
7,674 | 70,754 | ||||||
| Keynote Systems, Inc. |
1,533 | 17,461 | ||||||
| Knot, Inc. (The)* |
482 | 3,769 | ||||||
| Limelight Networks, Inc.* |
41,504 | 151,905 | ||||||
| Liquidity Services, Inc.*(a) |
4,047 | 46,702 | ||||||
| LivePerson, Inc.* |
3,436 | 26,354 | ||||||
| LoopNet, Inc.*(a) |
6,179 | 69,452 | ||||||
| NIC, Inc. |
8,111 | 63,834 | ||||||
| OpenTable, Inc.*(a) |
209 | 7,969 | ||||||
| Perficient, Inc.* |
989 | 11,146 | ||||||
| Saba Software, Inc.*(a) |
1,060 | 5,247 | ||||||
| Travelzoo, Inc.*(a) |
2,490 | 37,375 | ||||||
| Vocus, Inc.*(a) |
202 | 3,444 | ||||||
| Total Internet Software & Services | 856,249 | |||||||
| IT Services – 1.9% | ||||||||
| Cass Information Systems, Inc.(a) |
2,736 | 85,226 | ||||||
| China Information Security Technology, Inc.*(a) |
21,834 | 110,262 | ||||||
| Ciber, Inc.* |
29,843 | 111,613 | ||||||
| Computer Task Group, Inc.* |
5,150 | 37,337 | ||||||
| CSG Systems International, Inc.* |
15,009 | 314,589 | ||||||
| Dynamics Research Corp.* |
3,811 | 42,950 | ||||||
| ExlService Holdings, Inc.* |
3,684 | 61,449 | ||||||
| Forrester Research, Inc.* |
4,635 | 139,374 | ||||||
| Global Cash Access Holdings, Inc.* |
21,803 | 178,131 | ||||||
| Hackett Group, Inc. (The)* |
14,978 | 41,639 | ||||||
| iGate Corp. |
14,526 | 141,338 | ||||||
| infoGROUP, Inc.* |
4,576 | 35,693 | ||||||
| Integral Systems, Inc.* |
4,639 | 44,674 | ||||||
| MoneyGram International, Inc.* |
54,475 | 207,550 | ||||||
| NCI, Inc. Class A* |
3,889 | 117,564 | ||||||
| Ness Technologies, Inc.* |
6,765 | 42,687 | ||||||
| RightNow Technologies, Inc.* |
1,295 | 23,129 | ||||||
| TNS, Inc.* |
641 | 14,294 | ||||||
| Virtusa Corp.* |
8,791 | 90,635 | ||||||
| Total IT Services | 1,840,134 | |||||||
| Leisure Equipment & Products – 0.4% | ||||||||
| RC2 Corp.* |
7,685 | 115,044 | ||||||
| Sport Supply Group, Inc. |
5,067 | 68,101 | ||||||
| Steinway Musical Instruments* |
1,284 | 24,178 | ||||||
| Sturm Ruger & Co., Inc.(a) |
12,884 | 154,479 | ||||||
| Total Leisure Equipment & Products | 361,802 | |||||||
| Life Sciences Tools & Services – 0.7% | ||||||||
| Accelrys, Inc.* |
2,333 | 14,371 | ||||||
| Albany Molecular Research, Inc.* |
2,914 | 24,332 | ||||||
| Cambrex Corp.* |
9,642 | 39,050 | ||||||
| eResearch Technology, Inc.* |
10,803 | 74,649 | ||||||
| Harvard Bioscience, Inc.* |
7,579 | 29,331 | ||||||
| Kendle International, Inc.* |
4,248 | 74,255 | ||||||
| Luminex Corp.*(a) |
1,445 | 24,319 | ||||||
| Investments | Shares | Value | ||||||
| Parexel International Corp.* |
15,094 | $ | 351,841 | |||||
| Total Life Sciences Tools & Services | 632,148 | |||||||
| Machinery – 3.5% | ||||||||
| Alamo Group, Inc. |
3,569 | 71,344 | ||||||
| Altra Holdings, Inc.* |
3,163 | 43,428 | ||||||
| American Railcar Industries, Inc. |
6,265 | 76,182 | ||||||
| Ampco-Pittsburgh Corp.(a) |
4,979 | 123,579 | ||||||
| Astec Industries, Inc.*(a) |
5,495 | 159,135 | ||||||
| Badger Meter, Inc.(a) |
3,471 | 133,668 | ||||||
| Blount International, Inc.* |
9,405 | 97,436 | ||||||
| Chart Industries, Inc.* |
19,729 | 394,580 | ||||||
| China Fire & Security Group, Inc.*(a) |
10,512 | 136,341 | ||||||
| CIRCOR International, Inc.(a) |
1,531 | 50,845 | ||||||
| Colfax Corp.* |
9,359 | 110,155 | ||||||
| Columbus McKinnon Corp.* |
1,362 | 21,615 | ||||||
| Dynamic Materials Corp. |
3,339 | 52,155 | ||||||
| Energy Recovery, Inc.*(a) |
5,394 | 33,982 | ||||||
| EnPro Industries, Inc.* |
6,950 | 202,106 | ||||||
| Federal Signal Corp.(a) |
12,448 | 112,157 | ||||||
| Force Protection, Inc.* |
21,370 | 128,647 | ||||||
| FreightCar America, Inc.(a) |
6,256 | 151,145 | ||||||
| Gorman-Rupp Co. (The) |
3,180 | 80,899 | ||||||
| Graham Corp. |
2,963 | 53,304 | ||||||
| John Bean Technologies Corp. |
10,305 | 180,750 | ||||||
| K-Tron International, Inc.* |
1,015 | 152,220 | ||||||
| LB Foster Co. Class A* |
3,049 | 88,086 | ||||||
| Lindsay Corp. |
2,069 | 85,677 | ||||||
| Met-Pro Corp. |
2,659 | 26,058 | ||||||
| Miller Industries, Inc. |
2,175 | 27,035 | ||||||
| PMFG, Inc.* |
440 | 5,821 | ||||||
| RBC Bearings, Inc.* |
5,105 | 162,696 | ||||||
| Robbins & Myers, Inc.(a) |
11,547 | 275,050 | ||||||
| SmartHeat, Inc.* |
4,076 | 43,776 | ||||||
| Sun Hydraulics Corp. |
856 | 22,239 | ||||||
| Titan International, Inc.(a) |
3,979 | 34,737 | ||||||
| Twin Disc, Inc.(a) |
1,340 | 16,375 | ||||||
| Total Machinery | 3,353,223 | |||||||
| Marine – 0.2% | ||||||||
| American Commercial Lines, Inc.* |
1,754 | 44,025 | ||||||
| International Shipholding Corp. |
6,477 | 190,359 | ||||||
| Total Marine | 234,384 | |||||||
| Media – 1.4% | ||||||||
| Arbitron, Inc.(a) |
7,732 | 206,135 | ||||||
| Belo Corp. Class A |
45,782 | 312,233 | ||||||
| CKX, Inc.* |
13,607 | 83,411 | ||||||
| Dolan Media Co.*(a) |
8,243 | 89,601 | ||||||
| EW Scripps Co. Class A* |
4,933 | 41,684 | ||||||
| Harte-Hanks, Inc. |
22,667 | 291,498 | ||||||
| Lee Enterprises, Inc.* |
7,836 | 26,564 | ||||||
| McClatchy Co. (The) Class A(a) |
8,877 | 43,586 | ||||||
| National CineMedia, Inc. |
7,330 | 126,516 | ||||||
See Notes to Financial Statements.
| 46 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Rentrak Corp.* |
1,244 | $ | 26,808 | |||||
| Value Line, Inc. |
3,447 | 79,591 | ||||||
| Total Media | 1,327,627 | |||||||
| Metals & Mining – 0.0% | ||||||||
| Haynes International, Inc. |
272 | 9,664 | ||||||
| Multiline Retail – 0.2% | ||||||||
| Fred’s, Inc. Class A |
13,690 | 164,006 | ||||||
| Multi-Utilities – 0.1% | ||||||||
| CH Energy Group, Inc.(a) |
3,330 | 135,997 | ||||||
| Oil, Gas & Consumable Fuels – 1.4% | ||||||||
| Alon USA Energy, Inc. |
9,150 | 66,337 | ||||||
| China North East Petroleum Holdings Ltd.*(a) |
13,045 | 115,318 | ||||||
| Contango Oil & Gas Co.* |
4,332 | 221,582 | ||||||
| CVR Energy, Inc.* |
56,594 | 495,197 | ||||||
| Georesources, Inc.* |
1,292 | 19,729 | ||||||
| James River Coal Co.* |
5,492 | 87,323 | ||||||
| Northern Oil and Gas, Inc.* |
1,541 | 24,425 | ||||||
| Panhandle Oil and Gas, Inc. Class A |
1,332 | 31,475 | ||||||
| Rentech, Inc.*(a) |
30,347 | 31,257 | ||||||
| Syntroleum Corp.* |
14,363 | 30,450 | ||||||
| Western Refining, Inc.*(a) |
39,546 | 217,503 | ||||||
| Total Oil, Gas & Consumable Fuels | 1,340,596 | |||||||
| Paper & Forest Products – 2.6% | ||||||||
| Buckeye Technologies, Inc.* |
51,780 | 677,282 | ||||||
| Clearwater Paper Corp.* |
12,155 | 598,634 | ||||||
| Glatfelter(a) |
30,704 | 444,901 | ||||||
| KapStone Paper and Packaging Corp.* |
32,849 | 389,918 | ||||||
| Verso Paper Corp.* |
110,230 | 335,099 | ||||||
| Total Paper & Forest Products | 2,445,834 | |||||||
| Personal Products – 1.0% | ||||||||
| American Oriental Bioengineering, Inc.*(a) |
46,767 | 190,809 | ||||||
| China Sky One Medical, Inc.*(a) |
9,700 | 152,387 | ||||||
| China-Biotics, Inc.*(a) |
4,682 | 83,855 | ||||||
| Elizabeth Arden, Inc.* |
2,191 | 39,438 | ||||||
| Female Health Co. (The) |
6,784 | 48,641 | ||||||
| Inter Parfums, Inc. |
10,067 | 149,193 | ||||||
| Medifast, Inc.*(a) |
1,574 | 39,555 | ||||||
| Nutraceutical International Corp.* |
5,701 | 85,173 | ||||||
| USANA Health Sciences, Inc.*(a) |
5,233 | 164,368 | ||||||
| Total Personal Products | 953,419 | |||||||
| Pharmaceuticals – 0.6% | ||||||||
| Cornerstone Therapeutics, Inc.*(a) |
10,343 | 65,678 | ||||||
| Hi-Tech Pharmacal Co., Inc.* |
3,475 | 76,937 | ||||||
| Impax Laboratories, Inc.* |
2,790 | 49,885 | ||||||
| Obagi Medical Products, Inc.* |
4,331 | 52,752 | ||||||
| Questcor Pharmaceuticals, Inc.*(a) |
42,675 | 351,215 | ||||||
| Total Pharmaceuticals | 596,467 | |||||||
| Professional Services – 1.5% | ||||||||
| Administaff, Inc.(a) |
6,274 | 133,887 | ||||||
| Advisory Board Co. (The)* |
2,350 | 74,025 | ||||||
| CBIZ, Inc.* |
24,196 | 158,968 | ||||||
| Investments | Shares | Value | ||||||
| COMSYS IT Partners, Inc.* |
6,106 | $ | 106,733 | |||||
| Corporate Executive Board Co. (The)(a) |
9,580 | 254,732 | ||||||
| CRA International, Inc.* |
1,337 | 30,644 | ||||||
| Exponent, Inc.* |
4,208 | 120,012 | ||||||
| Hill International, Inc.* |
13,351 | 77,836 | ||||||
| ICF International, Inc.* |
4,323 | 107,383 | ||||||
| Navigant Consulting, Inc.* |
9,769 | 118,498 | ||||||
| On Assignment, Inc.* |
5,792 | 41,297 | ||||||
| School Specialty, Inc.* |
5,495 | 124,792 | ||||||
| VSE Corp. |
2,875 | 118,335 | ||||||
| Total Professional Services | 1,467,142 | |||||||
| Real Estate Investment Trusts (REITs) – 1.6% | ||||||||
| Acadia Realty Trust(a) |
6,190 | 110,553 | ||||||
| Agree Realty Corp. |
3,420 | 78,181 | ||||||
| Cedar Shopping Centers, Inc. |
6,992 | 55,307 | ||||||
| Cogdell Spencer, Inc. |
27,143 | 200,858 | ||||||
| Cousins Properties, Inc. |
10,187 | 84,654 | ||||||
| DuPont Fabros Technology, Inc. |
3,608 | 77,897 | ||||||
| First Potomac Realty Trust |
3,864 | 58,076 | ||||||
| Getty Realty Corp.(a) |
8,853 | 207,160 | ||||||
| Inland Real Estate Corp.(a) |
2,033 | 18,602 | ||||||
| Investors Real Estate Trust |
3,202 | 28,882 | ||||||
| LTC Properties, Inc. |
5,243 | 141,876 | ||||||
| Mission West Properties, Inc. |
8,187 | 56,326 | ||||||
| Monmouth Real Estate Investment Corp. Class A |
1,680 | 14,129 | ||||||
| Ramco-Gershenson Properties Trust |
4,036 | 45,445 | ||||||
| Saul Centers, Inc. |
3,532 | 146,225 | ||||||
| Universal Health Realty Income Trust |
2,217 | 78,349 | ||||||
| Urstadt Biddle Properties, Inc. Class A(a) |
5,105 | 80,710 | ||||||
| Total Real Estate Investment Trusts (REITs) | 1,483,230 | |||||||
| Real Estate Management & Development – 0.4% | ||||||||
| China Housing & Land Development, Inc.*(a) |
13,468 | 51,178 | ||||||
| Consolidated-Tomoka Land Co. |
482 | 15,188 | ||||||
| Forestar Group, Inc.* |
16,225 | 306,328 | ||||||
| Total Real Estate Management & Development | 372,694 | |||||||
| Road & Rail – 0.2% | ||||||||
| Celadon Group, Inc.* |
723 | 10,078 | ||||||
| Marten Transport Ltd.* |
5,108 | 100,679 | ||||||
| Patriot Transportation Holding, Inc.* |
486 | 41,057 | ||||||
| Universal Truckload Services, Inc.(a) |
1,834 | 32,242 | ||||||
| Total Road & Rail | 184,056 | |||||||
| Semiconductors & Semiconductor Equipment – 0.8% | ||||||||
| Cabot Microelectronics Corp.*(a) |
2,110 | 79,821 | ||||||
| Ceva, Inc.* |
1,506 | 17,560 | ||||||
| Cirrus Logic, Inc.*(a) |
1,521 | 12,761 | ||||||
| Diodes, Inc.* |
1,913 | 42,851 | ||||||
| Kopin Corp.* |
15,320 | 56,684 | ||||||
| Micrel, Inc.(a) |
11,426 | 121,801 | ||||||
| MIPS Technologies, Inc.* |
10,470 | 46,696 | ||||||
| Monolithic Power Systems, Inc.* |
4,154 | 92,634 | ||||||
| NVE Corp.* |
1,455 | 65,912 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Pericom Semiconductor Corp.* |
1,576 | $ | 16,879 | |||||
| Sigma Designs, Inc.*(a) |
9,209 | 108,022 | ||||||
| Supertex, Inc.*(a) |
1,165 | 29,812 | ||||||
| Techwell, Inc.*(a) |
1,384 | 25,881 | ||||||
| Ultratech, Inc.* |
1,724 | 23,447 | ||||||
| Volterra Semiconductor Corp.* |
1,767 | 44,352 | ||||||
| Total Semiconductors & Semiconductor Equipment | 785,113 | |||||||
| Software – 2.2% | ||||||||
| ACI Worldwide, Inc.* |
3,606 | 74,320 | ||||||
| Actuate Corp.*(a) |
16,693 | 93,314 | ||||||
| American Software, Inc. Class A |
2,492 | 14,478 | ||||||
| ArcSight, Inc.* |
2,558 | 72,008 | ||||||
| China TransInfo Technology Corp.*(a) |
7,471 | 50,355 | ||||||
| Deltek, Inc.* |
12,490 | 95,424 | ||||||
| Double-Take Software, Inc.* |
6,821 | 60,775 | ||||||
| Ebix, Inc.*(a) |
11,799 | 188,430 | ||||||
| EPIQ Systems, Inc.* |
5,917 | 73,548 | ||||||
| Interactive Intelligence, Inc.* |
2,495 | 46,632 | ||||||
| Kenexa Corp.*(a) |
1,899 | 26,111 | ||||||
| Manhattan Associates, Inc.* |
3,013 | 76,771 | ||||||
| Monotype Imaging Holdings, Inc.* |
7,942 | 77,276 | ||||||
| Netscout Systems, Inc.* |
10,055 | 148,713 | ||||||
| Opnet Technologies, Inc. |
1,333 | 21,488 | ||||||
| PROS Holdings, Inc.* |
4,347 | 42,948 | ||||||
| Radiant Systems, Inc.* |
5,230 | 74,632 | ||||||
| Rosetta Stone, Inc.*(a) |
1,844 | 43,850 | ||||||
| S1 Corp.* |
21,161 | 124,850 | ||||||
| Smith Micro Software, Inc.* |
3,299 | 29,163 | ||||||
| SonicWALL, Inc.* |
11,826 | 102,768 | ||||||
| Sourcefire, Inc.* |
952 | 21,848 | ||||||
| Synchronoss Technologies, Inc.* |
3,351 | 64,909 | ||||||
| TeleCommunication Systems, Inc. Class A*(a) |
32,085 | 235,183 | ||||||
| Tyler Technologies, Inc.*(a) |
6,816 | 127,732 | ||||||
| VASCO Data Security International, Inc.*(a) |
8,051 | 66,421 | ||||||
| Total Software | 2,053,947 | |||||||
| Specialty Retail – 3.8% | ||||||||
| America’s Car-Mart, Inc.*(a) |
4,716 | 113,750 | ||||||
| Asbury Automotive Group, Inc.*(a) |
4,188 | 55,700 | ||||||
| Big 5 Sporting Goods Corp. |
5,545 | 84,395 | ||||||
| Books-A-Million, Inc. |
10,894 | 78,873 | ||||||
| Cato Corp. (The) Class A |
11,079 | 237,534 | ||||||
| Citi Trends, Inc.*(a) |
3,472 | 112,632 | ||||||
| Conn’s, Inc.*(a) |
11,856 | 92,833 | ||||||
| Destination Maternity Corp.* |
2,785 | 71,463 | ||||||
| Finish Line, Inc. (The) Class A |
5,692 | 92,893 | ||||||
| Genesco, Inc.* |
4,788 | 148,476 | ||||||
| Group 1 Automotive, Inc.*(a) |
11,997 | 382,224 | ||||||
| hhgregg, Inc.* |
9,091 | 229,457 | ||||||
| Hibbett Sports, Inc.*(a) |
7,173 | 183,485 | ||||||
| HOT Topic, Inc.*(a) |
15,882 | 103,233 | ||||||
| JOS A Bank Clothiers, Inc.* |
8,186 | 447,365 | ||||||
| Kirkland’s, Inc.* |
8,231 | 172,851 | ||||||
| Lithia Motors, Inc. Class A*(a) |
6,978 | 44,659 | ||||||
| Investments | Shares | Value | ||||||
| Lumber Liquidators Holdings, Inc.* |
4,936 | $ | 131,643 | |||||
| Midas, Inc.* |
2,835 | 31,979 | ||||||
| Monro Muffler, Inc. |
4,387 | 156,879 | ||||||
| Shoe Carnival, Inc.* |
2,472 | 56,510 | ||||||
| Stage Stores, Inc. |
11,360 | 174,830 | ||||||
| Systemax, Inc. |
12,284 | 267,054 | ||||||
| Wet Seal, Inc. (The) Class A* |
25,605 | 121,880 | ||||||
| Zumiez, Inc.*(a) |
3,489 | 71,490 | ||||||
| Total Specialty Retail | 3,664,088 | |||||||
| Textiles, Apparel & Luxury Goods – 1.6% | ||||||||
| American Apparel, Inc.* |
5,002 | 15,156 | ||||||
| Cherokee, Inc.(a) |
3,780 | 68,040 | ||||||
| Fuqi International, Inc.*(a) |
13,248 | 144,403 | ||||||
| G-III Apparel Group Ltd.* |
3,768 | 103,846 | ||||||
| Maidenform Brands, Inc.* |
9,967 | 217,779 | ||||||
| Oxford Industries, Inc. |
5,078 | 103,236 | ||||||
| Steven Madden Ltd.*(a) |
5,623 | 274,402 | ||||||
| True Religion Apparel, Inc.*(a) |
12,613 | 382,931 | ||||||
| Volcom, Inc.*(a) |
6,828 | 133,283 | ||||||
| Weyco Group, Inc. |
2,333 | 54,872 | ||||||
| Total Textiles, Apparel & Luxury Goods | 1,497,948 | |||||||
| Thrifts & Mortgage Finance – 1.4% | ||||||||
| Bank Mutual Corp. |
12,668 | 82,342 | ||||||
| BankFinancial Corp. |
4,375 | 40,119 | ||||||
| Beneficial Mutual Bancorp, Inc.* |
4,847 | 45,950 | ||||||
| Berkshire Hills Bancorp, Inc. |
2,481 | 45,477 | ||||||
| Brookline Bancorp, Inc. |
9,612 | 102,272 | ||||||
| Dime Community Bancshares |
10,353 | 130,758 | ||||||
| ESSA Bancorp, Inc. |
2,865 | 35,927 | ||||||
| Flushing Financial Corp. |
10,714 | 135,639 | ||||||
| Kearny Financial Corp.(a) |
2,958 | 30,852 | ||||||
| NASB Financial, Inc.(a) |
3,004 | 69,452 | ||||||
| OceanFirst Financial Corp.(a) |
6,935 | 78,782 | ||||||
| Provident Financial Services, Inc. |
14,500 | 172,550 | ||||||
| Provident New York Bancorp |
15,236 | 144,437 | ||||||
| Roma Financial Corp. |
1,584 | 19,863 | ||||||
| TrustCo Bank Corp.(a) |
19,947 | 123,073 | ||||||
| United Financial Bancorp, Inc.(a) |
2,152 | 30,085 | ||||||
| Westfield Financial, Inc. |
2,321 | 21,330 | ||||||
| Total Thrifts & Mortgage Finance | 1,308,908 | |||||||
| Tobacco – 0.6% | ||||||||
| Alliance One International, Inc.*(a) |
114,714 | 583,894 | ||||||
| Trading Companies & Distributors – 1.6% | ||||||||
| Aceto Corp.(a) |
4,926 | 29,753 | ||||||
| Beacon Roofing Supply, Inc.* |
18,704 | 357,808 | ||||||
| DXP Enterprises, Inc.* |
6,533 | 83,426 | ||||||
| H&E Equipment Services, Inc.*(a) |
5,313 | 57,274 | ||||||
| Houston Wire & Cable Co. |
4,243 | 49,134 | ||||||
| Interline Brands, Inc.* |
8,532 | 163,302 | ||||||
| Kaman Corp. |
3,693 | 92,362 | ||||||
| Rush Enterprises, Inc. Class A* |
5,248 | 69,326 | ||||||
| TAL International Group, Inc.(a) |
15,622 | 312,128 | ||||||
See Notes to Financial Statements.
| 48 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2010
| Investments | Shares | Value | ||||||
| Titan Machinery, Inc.* |
8,285 | $ | 113,422 | |||||
| United Rentals, Inc.* |
10,222 | 95,882 | ||||||
| Willis Lease Finance Corp.* |
7,978 | 125,893 | ||||||
| Total Trading Companies & Distributors | 1,549,710 | |||||||
| Water Utilities – 0.7% | ||||||||
| American States Water Co. |
4,623 | 160,418 | ||||||
| Artesian Resources Corp. Class A |
2,106 | 37,192 | ||||||
| California Water Service Group |
5,690 | 214,001 | ||||||
| Connecticut Water Service, Inc.(a) |
2,139 | 49,775 | ||||||
| Middlesex Water Co.(a) |
2,692 | 45,899 | ||||||
| SJW Corp.(a) |
3,306 | 84,038 | ||||||
| York Water Co. |
2,448 | 33,660 | ||||||
| Total Water Utilities | 624,983 | |||||||
| Wireless Telecommunication Services – 0.9% | ||||||||
| NTELOS Holdings Corp. |
16,303 | 290,030 | ||||||
| Shenandoah Telecommunications Co.(a) |
6,793 | 127,709 | ||||||
| USA Mobility, Inc.(a) |
37,527 | 475,467 | ||||||
| Total Wireless Telecommunication Services | 893,206 | |||||||
| TOTAL COMMON STOCKS (Cost: $89,259,180) |
94,753,928 | |||||||
| SHORT-TERM INVESTMENT – 0.7% | ||||||||
| MONEY MARKET FUND – 0.7% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $662,164) | 662,164 | 662,164 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 22.0% | ||||||||
| MONEY MARKET FUND – 22.0% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $20,957,169)(d) | 20,957,169 | 20,957,169 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 122.1% (Cost: $110,878,513)(e) |
116,373,261 | |||||||
| Liabilities in Excess of Other Assets – (22.1)% |
(21,067,139 | ) | ||||||
| NET ASSETS – 100.0% | $ | 95,306,122 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $20,085,665 and the total market value of the collateral held by the Fund was $20,957,169. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 49 |
Table of Contents
Schedule of Investments
WisdomTree LargeCap Value Fund (EZY)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.5% | ||||||||
| Aerospace & Defense – 2.3% | ||||||||
| Curtiss-Wright Corp. |
480 | $ | 16,704 | |||||
| ITT Corp. |
2,755 | 147,695 | ||||||
| L-3 Communications Holdings, Inc. |
1,538 | 140,927 | ||||||
| Moog, Inc. Class A* |
685 | 24,263 | ||||||
| Northrop Grumman Corp. |
5,727 | 375,519 | ||||||
| Spirit Aerosystems Holdings, Inc. Class A* |
3,394 | 79,352 | ||||||
| Triumph Group, Inc. |
321 | 22,499 | ||||||
| Total Aerospace & Defense | 806,959 | |||||||
| Airlines – 0.1% | ||||||||
| Allegiant Travel Co.*(a) |
107 | 6,191 | ||||||
| Skywest, Inc. |
988 | 14,109 | ||||||
| Total Airlines | 20,300 | |||||||
| Beverages – 0.2% | ||||||||
| Constellation Brands, Inc. Class A* |
3,495 | 57,458 | ||||||
| Capital Markets – 0.7% | ||||||||
| BlackRock, Inc. |
815 | 177,474 | ||||||
| Knight Capital Group, Inc. Class A* |
1,133 | 17,278 | ||||||
| Raymond James Financial, Inc. |
1,545 | 41,313 | ||||||
| Stifel Financial Corp.* |
146 | 7,848 | ||||||
| Total Capital Markets | 243,913 | |||||||
| Chemicals – 1.1% | ||||||||
| Airgas, Inc. |
1,043 | 66,356 | ||||||
| H.B. Fuller Co. |
1,075 | 24,951 | ||||||
| Lubrizol Corp. |
1,323 | 121,345 | ||||||
| Olin Corp. |
1,395 | 27,370 | ||||||
| RPM International, Inc. |
3,274 | 69,867 | ||||||
| Scotts Miracle-Gro Co. (The) Class A |
665 | 30,823 | ||||||
| Sensient Technologies Corp. |
491 | 14,268 | ||||||
| Valspar Corp. |
958 | 28,242 | ||||||
| Total Chemicals | 383,222 | |||||||
| Commercial Banks – 0.6% | ||||||||
| BancorpSouth, Inc. |
738 | 15,468 | ||||||
| BOK Financial Corp. |
605 | 31,726 | ||||||
| First Citizens BancShares, Inc. Class A |
87 | 17,292 | ||||||
| Iberiabank Corp. |
115 | 6,901 | ||||||
| M&T Bank Corp.(a) |
1,552 | 123,198 | ||||||
| Trustmark Corp. |
620 | 15,147 | ||||||
| UMB Financial Corp. |
288 | 11,693 | ||||||
| WesBanco, Inc. |
223 | 3,626 | ||||||
| Total Commercial Banks | 225,051 | |||||||
| Commercial Services & Supplies – 0.3% | ||||||||
| ABM Industries, Inc. |
518 | 10,982 | ||||||
| Cintas Corp. |
1,590 | 44,663 | ||||||
| Tetra Tech, Inc.* |
366 | 8,433 | ||||||
| United Stationers, Inc.* |
438 | 25,776 | ||||||
| Total Commercial Services & Supplies | 89,854 | |||||||
| Communications Equipment – 0.2% | ||||||||
| Arris Group, Inc.* |
1,601 | 19,228 | ||||||
| Plantronics, Inc. |
891 | 27,870 | ||||||
| Investments | Shares | Value | ||||||
| Tekelec* |
561 | $ | 10,188 | |||||
| Tellabs, Inc. |
2,738 | 20,727 | ||||||
| Total Communications Equipment | 78,013 | |||||||
| Computers & Peripherals – 6.1% | ||||||||
| Hewlett-Packard Co. |
34,305 | 1,823,311 | ||||||
| Lexmark International, Inc. Class A* |
2,681 | 96,731 | ||||||
| Synaptics, Inc.* |
181 | 4,997 | ||||||
| Western Digital Corp.* |
5,382 | 209,844 | ||||||
| Total Computers & Peripherals | 2,134,883 | |||||||
| Construction & Engineering – 0.6% | ||||||||
| Aecom Technology Corp.* |
768 | 21,788 | ||||||
| EMCOR Group, Inc.* |
1,441 | 35,492 | ||||||
| Granite Construction, Inc. |
381 | 11,514 | ||||||
| Insituform Technologies, Inc. Class A* |
188 | 5,003 | ||||||
| KBR, Inc. |
2,751 | 60,962 | ||||||
| MasTec, Inc.* |
676 | 8,524 | ||||||
| Quanta Services, Inc.* |
1,065 | 20,405 | ||||||
| URS Corp.* |
696 | 34,529 | ||||||
| Total Construction & Engineering | 198,217 | |||||||
| Consumer Finance – 0.1% | ||||||||
| AmeriCredit Corp.* |
1,157 | 27,490 | ||||||
| Containers & Packaging – 0.7% | ||||||||
| Ball Corp. |
1,081 | 57,704 | ||||||
| Bemis Co., Inc. |
1,033 | 29,668 | ||||||
| Rock-Tenn Co. Class A |
669 | 30,486 | ||||||
| Sealed Air Corp. |
2,493 | 52,552 | ||||||
| Silgan Holdings, Inc. |
346 | 20,840 | ||||||
| Sonoco Products Co. |
1,658 | 51,050 | ||||||
| Total Containers & Packaging | 242,300 | |||||||
| Distributors – 0.2% | ||||||||
| Genuine Parts Co. |
1,995 | 84,269 | ||||||
| Diversified Consumer Services – 0.1% | ||||||||
| Career Education Corp.* |
400 | 12,656 | ||||||
| Corinthian Colleges, Inc.* |
250 | 4,398 | ||||||
| Regis Corp. |
658 | 12,291 | ||||||
| Total Diversified Consumer Services | 29,345 | |||||||
| Diversified Financial Services – 0.0% | ||||||||
| Interactive Brokers Group, Inc. Class A* |
730 | 11,789 | ||||||
| Diversified Telecommunication Services – 3.0% | ||||||||
| CenturyTel, Inc. |
1,589 | 56,346 | ||||||
| Verizon Communications, Inc. |
32,658 | 1,013,051 | ||||||
| Total Diversified Telecommunication Services |
1,069,397 | |||||||
| Electric Utilities – 2.9% | ||||||||
| ALLETE, Inc. |
359 | 12,019 | ||||||
| American Electric Power Co., Inc. |
5,736 | 196,057 | ||||||
| Cleco Corp. |
724 | 19,222 | ||||||
| Duke Energy Corp. |
12,742 | 207,949 | ||||||
| Edison International |
5,314 | 181,579 | ||||||
| El Paso Electric Co.* |
660 | 13,596 | ||||||
| Hawaiian Electric Industries, Inc.(a) |
1,148 | 25,773 | ||||||
See Notes to Financial Statements.
| 50 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Value Fund (EZY)
March 31, 2010
| Investments | Shares | Value | ||||||
| IDACORP, Inc. |
638 | $ | 22,088 | |||||
| MGE Energy, Inc. |
184 | 6,506 | ||||||
| Northeast Utilities |
1,691 | 46,739 | ||||||
| NV Energy, Inc. |
2,877 | 35,473 | ||||||
| Pepco Holdings, Inc. |
4,217 | 72,322 | ||||||
| Pinnacle West Capital Corp. |
1,204 | 45,427 | ||||||
| Portland General Electric Co. |
580 | 11,200 | ||||||
| Progress Energy, Inc. |
2,693 | 105,997 | ||||||
| Unisource Energy Corp. |
107 | 3,364 | ||||||
| Westar Energy, Inc. |
1,147 | 25,578 | ||||||
| Total Electric Utilities | 1,030,889 | |||||||
| Electrical Equipment – 0.5% | ||||||||
| A.O. Smith Corp. |
453 | 23,814 | ||||||
| Baldor Electric Co. |
836 | 31,267 | ||||||
| Hubbell, Inc. Class B |
1,091 | 55,019 | ||||||
| Regal-Beloit Corp. |
544 | 32,319 | ||||||
| Thomas & Betts Corp.* |
689 | 27,036 | ||||||
| Total Electrical Equipment | 169,455 | |||||||
| Electronic Equipment, Instruments & Components – 1.5% | ||||||||
| Anixter International, Inc.* |
1,001 | 46,897 | ||||||
| Arrow Electronics, Inc.* |
3,269 | 98,495 | ||||||
| Avnet, Inc.* |
3,961 | 118,830 | ||||||
| Benchmark Electronics, Inc.* |
1,206 | 25,012 | ||||||
| Ingram Micro, Inc. Class A* |
3,614 | 63,426 | ||||||
| Jabil Circuit, Inc. |
3,127 | 50,626 | ||||||
| Molex, Inc. |
2,238 | 46,685 | ||||||
| Tech Data Corp.* |
788 | 33,017 | ||||||
| Vishay Intertechnology, Inc.* |
5,151 | 52,695 | ||||||
| Total Electronic Equipment, Instruments & Components | 535,683 | |||||||
| Energy Equipment & Services – 0.1% | ||||||||
| SEACOR Holdings, Inc.* |
478 | 38,555 | ||||||
| Food & Staples Retailing – 9.2% | ||||||||
| BJ’s Wholesale Club, Inc.*(a) |
555 | 20,529 | ||||||
| Casey’s General Stores, Inc. |
399 | 12,529 | ||||||
| CVS Caremark Corp. |
15,632 | 571,506 | ||||||
| Kroger Co. (The) |
7,756 | 167,995 | ||||||
| Ruddick Corp. |
569 | 18,003 | ||||||
| Safeway, Inc. |
6,081 | 151,174 | ||||||
| SUPERVALU, Inc. |
6,890 | 114,925 | ||||||
| United Natural Foods, Inc.* |
349 | 9,817 | ||||||
| Walgreen Co. |
10,339 | 383,474 | ||||||
| Wal-Mart Stores, Inc. |
32,265 | 1,793,934 | ||||||
| Total Food & Staples Retailing | 3,243,886 | |||||||
| Food Products – 3.4% | ||||||||
| American Italian Pasta Co. Class A* |
151 | 5,870 | ||||||
| Archer-Daniels-Midland Co. |
11,683 | 337,639 | ||||||
| ConAgra Foods, Inc. |
4,529 | 113,542 | ||||||
| Corn Products International, Inc. |
1,679 | 58,194 | ||||||
| Del Monte Foods Co. |
2,759 | 40,282 | ||||||
| Investments | Shares | Value | ||||||
| Hormel Foods Corp.(a) |
1,114 | $ | 46,799 | |||||
| Kraft Foods, Inc. Class A |
18,139 | 548,523 | ||||||
| Lancaster Colony Corp. |
191 | 11,261 | ||||||
| Ralcorp Holdings, Inc.* |
476 | 32,263 | ||||||
| Tootsie Roll Industries, Inc. |
242 | 6,541 | ||||||
| TreeHouse Foods, Inc.* |
179 | 7,853 | ||||||
| Total Food Products | 1,208,767 | |||||||
| Gas Utilities – 0.8% | ||||||||
| AGL Resources, Inc. |
1,035 | 40,003 | ||||||
| Atmos Energy Corp. |
966 | 27,599 | ||||||
| Laclede Group, Inc. (The) |
209 | 7,047 | ||||||
| New Jersey Resources Corp. |
363 | 13,634 | ||||||
| Nicor, Inc. |
438 | 18,361 | ||||||
| Northwest Natural Gas Co. |
250 | 11,650 | ||||||
| Oneok, Inc. |
1,727 | 78,837 | ||||||
| Piedmont Natural Gas Co., Inc. |
508 | 14,011 | ||||||
| South Jersey Industries, Inc. |
280 | 11,757 | ||||||
| Southwest Gas Corp. |
354 | 10,592 | ||||||
| UGI Corp. |
1,188 | 31,529 | ||||||
| WGL Holdings, Inc. |
452 | 15,662 | ||||||
| Total Gas Utilities | 280,682 | |||||||
| Health Care Equipment & Supplies – 0.4% | ||||||||
| Carefusion Corp.* |
2,706 | 71,520 | ||||||
| Cooper Cos., Inc. (The) |
406 | 15,785 | ||||||
| STERIS Corp. |
682 | 22,956 | ||||||
| Teleflex, Inc. |
506 | 32,419 | ||||||
| Total Health Care Equipment & Supplies | 142,680 | |||||||
| Health Care Providers & Services – 9.4% | ||||||||
| Aetna, Inc. |
7,437 | 261,113 | ||||||
| Amedisys, Inc.*(a) |
411 | 22,695 | ||||||
| AMERIGROUP Corp.* |
851 | 28,287 | ||||||
| AmerisourceBergen Corp. |
3,973 | 114,899 | ||||||
| Cardinal Health, Inc. |
5,766 | 207,749 | ||||||
| Catalyst Health Solutions, Inc.* |
328 | 13,573 | ||||||
| Centene Corp.* |
575 | 13,823 | ||||||
| Chemed Corp. |
215 | 11,692 | ||||||
| Community Health Systems, Inc.* |
1,682 | 62,116 | ||||||
| DaVita, Inc.* |
1,130 | 71,642 | ||||||
| Health Net, Inc.* |
2,536 | 63,070 | ||||||
| Henry Schein, Inc. |
874 | 51,479 | ||||||
| Humana, Inc.* |
3,141 | 146,904 | ||||||
| LifePoint Hospitals, Inc.* |
920 | 33,837 | ||||||
| Lincare Holdings, Inc.* |
1,378 | 61,845 | ||||||
| Magellan Health Services, Inc.* |
314 | 13,653 | ||||||
| McKesson Corp. |
4,768 | 313,353 | ||||||
| Medco Health Solutions, Inc.* |
3,439 | 222,022 | ||||||
| Omnicare, Inc. |
1,465 | 41,445 | ||||||
| Owens & Minor, Inc. |
341 | 15,819 | ||||||
| PSS World Medical, Inc.* |
513 | 12,061 | ||||||
| Quest Diagnostics, Inc. |
1,795 | 104,630 | ||||||
| UnitedHealth Group, Inc. |
24,492 | 800,154 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Value Fund (EZY)
March 31, 2010
| Investments | Shares | Value | ||||||
| Universal Health Services, Inc. Class B |
1,374 | $ | 48,214 | |||||
| WellPoint, Inc.* |
8,894 | 572,596 | ||||||
| Total Health Care Providers & Services | 3,308,671 | |||||||
| Health Care Technology – 0.2% | ||||||||
| Allscripts-Misys Healthcare Solutions, Inc.* |
666 | 13,027 | ||||||
| Cerner Corp.*(a) |
658 | 55,969 | ||||||
| Total Health Care Technology | 68,996 | |||||||
| Hotels, Restaurants & Leisure – 0.4% | ||||||||
| Bob Evans Farms, Inc. |
397 | 12,271 | ||||||
| Brinker International, Inc. |
1,359 | 26,201 | ||||||
| Buffalo Wild Wings, Inc.* |
96 | 4,619 | ||||||
| Burger King Holdings, Inc. |
1,037 | 22,047 | ||||||
| Darden Restaurants, Inc. |
1,472 | 65,563 | ||||||
| Jack In The Box, Inc.* |
664 | 15,637 | ||||||
| Panera Bread Co. Class A* |
170 | 13,003 | ||||||
| Total Hotels, Restaurants & Leisure | 159,341 | |||||||
| Household Durables – 0.6% | ||||||||
| Jarden Corp. |
2,761 | 91,914 | ||||||
| Leggett & Platt, Inc. |
1,481 | 32,049 | ||||||
| Stanley Black & Decker, Inc. |
1,361 | 78,135 | ||||||
| Total Household Durables | 202,098 | |||||||
| Industrial Conglomerates – 0.1% | ||||||||
| Carlisle Cos., Inc. |
1,092 | 41,605 | ||||||
| Insurance – 4.1% | ||||||||
| American Financial Group, Inc. |
1,602 | 45,577 | ||||||
| AON Corp. |
2,858 | 122,065 | ||||||
| Chubb Corp. |
5,377 | 278,798 | ||||||
| Hanover Insurance Group, Inc. (The)(a) |
364 | 15,874 | ||||||
| HCC Insurance Holdings, Inc. |
1,549 | 42,752 | ||||||
| Marsh & McLennan Cos., Inc. |
5,489 | 134,041 | ||||||
| Navigators Group, Inc.* |
137 | 5,388 | ||||||
| Reinsurance Group of America, Inc. |
769 | 40,388 | ||||||
| RLI Corp. |
204 | 11,632 | ||||||
| Selective Insurance Group |
567 | 9,412 | ||||||
| StanCorp Financial Group, Inc. |
910 | 43,343 | ||||||
| Tower Group, Inc. |
301 | 6,673 | ||||||
| Transatlantic Holdings, Inc. |
326 | 17,213 | ||||||
| Travelers Cos., Inc. (The) |
9,143 | 493,174 | ||||||
| Unum Group |
5,728 | 141,883 | ||||||
| W.R. Berkley Corp. |
1,212 | 31,621 | ||||||
| Total Insurance | 1,439,834 | |||||||
| Internet Software & Services – 0.6% | ||||||||
| AOL, Inc.* |
6,941 | 175,469 | ||||||
| Earthlink, Inc. |
5,628 | 48,063 | ||||||
| Total Internet Software & Services | 223,532 | |||||||
| IT Services – 1.1% | ||||||||
| Broadridge Financial Solutions, Inc. |
1,332 | 28,478 | ||||||
| CACI International, Inc. Class A* |
300 | 14,655 | ||||||
| Computer Sciences Corp.* |
3,425 | 186,628 | ||||||
| Convergys Corp.* |
4,407 | 54,030 | ||||||
| Mantech International Corp. Class A* |
273 | 13,331 | ||||||
| Investments | Shares | Value | ||||||
| MAXIMUS, Inc. |
225 | $ | 13,709 | |||||
| SAIC, Inc.* |
2,991 | 52,941 | ||||||
| SRA International, Inc. Class A* |
542 | 11,268 | ||||||
| Total IT Services | 375,040 | |||||||
| Leisure Equipment & Products – 0.2% | ||||||||
| Hasbro, Inc. |
1,541 | 58,989 | ||||||
| Life Sciences Tools & Services – 0.1% | ||||||||
| Bio-Rad Laboratories, Inc. Class A* |
212 | 21,946 | ||||||
| Machinery – 2.1% | ||||||||
| Briggs & Stratton Corp. |
373 | 7,274 | ||||||
| Cummins, Inc. |
4,025 | 249,349 | ||||||
| Dover Corp. |
3,494 | 163,345 | ||||||
| Gardner Denver, Inc. |
1,125 | 49,545 | ||||||
| Kennametal, Inc. |
1,494 | 42,011 | ||||||
| Mueller Industries, Inc. |
491 | 13,154 | ||||||
| Pentair, Inc. |
1,376 | 49,013 | ||||||
| Timken Co. |
2,841 | 85,258 | ||||||
| Trinity Industries, Inc. |
3,849 | 76,826 | ||||||
| Watts Water Technologies, Inc. Class A |
487 | 15,126 | ||||||
| Total Machinery | 750,901 | |||||||
| Media – 6.9% | ||||||||
| Interactive Data Corp. |
734 | 23,488 | ||||||
| Time Warner, Inc. |
76,351 | 2,387,496 | ||||||
| Total Media | 2,410,984 | |||||||
| Metals & Mining – 0.4% | ||||||||
| Reliance Steel & Aluminum Co.(a) |
2,323 | 114,361 | ||||||
| Schnitzer Steel Industries, Inc. Class A |
743 | 39,030 | ||||||
| Total Metals & Mining | 153,391 | |||||||
| Multiline Retail – 2.6% | ||||||||
| Big Lots, Inc.* |
938 | 34,162 | ||||||
| Dollar Tree, Inc.* |
665 | 39,381 | ||||||
| Family Dollar Stores, Inc. |
942 | 34,487 | ||||||
| J.C. Penney Co., Inc. |
3,682 | 118,450 | ||||||
| Kohl’s Corp.* |
2,708 | 148,344 | ||||||
| Sears Holdings Corp.*(a) |
914 | 99,105 | ||||||
| Target Corp. |
8,263 | 434,634 | ||||||
| Total Multiline Retail | 908,563 | |||||||
| Multi-Utilities – 3.3% | ||||||||
| Alliant Energy Corp. |
1,430 | 47,562 | ||||||
| Ameren Corp. |
3,023 | 78,840 | ||||||
| Avista Corp. |
571 | 11,825 | ||||||
| Centerpoint Energy, Inc. |
5,410 | 77,688 | ||||||
| CH Energy Group, Inc. |
97 | 3,962 | ||||||
| Consolidated Edison, Inc. |
1,936 | 86,229 | ||||||
| Integrys Energy Group, Inc.(a) |
631 | 29,897 | ||||||
| MDU Resources Group, Inc. |
3,354 | 72,379 | ||||||
| NiSource, Inc. |
4,786 | 75,619 | ||||||
| NorthWestern Corp. |
372 | 9,973 | ||||||
| NSTAR |
934 | 33,082 | ||||||
| OGE Energy Corp. |
1,414 | 55,061 | ||||||
| PG&E Corp. |
4,025 | 170,741 | ||||||
See Notes to Financial Statements.
| 52 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Value Fund (EZY)
March 31, 2010
| Investments | Shares | Value | ||||||
| SCANA Corp. |
1,484 | $ | 55,784 | |||||
| Sempra Energy |
3,065 | 152,944 | ||||||
| TECO Energy, Inc. |
1,754 | 27,871 | ||||||
| Vectren Corp. |
793 | 19,603 | ||||||
| Wisconsin Energy Corp. |
1,106 | 54,647 | ||||||
| Xcel Energy, Inc. |
4,337 | 91,944 | ||||||
| Total Multi-Utilities | 1,155,651 | |||||||
| Oil, Gas & Consumable Fuels – 22.7% | ||||||||
| Chevron Corp. |
43,082 | 3,266,908 | ||||||
| CNX Gas Corp.* |
1,298 | 49,389 | ||||||
| ConocoPhillips |
51,833 | 2,652,295 | ||||||
| Hess Corp. |
5,539 | 346,464 | ||||||
| Holly Corp. |
789 | 22,021 | ||||||
| Marathon Oil Corp. |
24,262 | 767,650 | ||||||
| Murphy Oil Corp. |
4,793 | 269,319 | ||||||
| Southern Union Co. |
2,510 | 63,679 | ||||||
| Sunoco, Inc. |
4,904 | 145,698 | ||||||
| Tesoro Corp. |
2,008 | 27,911 | ||||||
| Valero Energy Corp. |
17,906 | 352,748 | ||||||
| World Fuel Services Corp.(a) |
910 | 24,242 | ||||||
| Total Oil, Gas & Consumable Fuels | 7,988,324 | |||||||
| Personal Products – 0.2% | ||||||||
| NBTY, Inc.* |
1,197 | 57,432 | ||||||
| Pharmaceuticals – 0.8% | ||||||||
| King Pharmaceuticals, Inc.* |
5,634 | 66,256 | ||||||
| Mylan, Inc.(a) |
3,116 | 70,764 | ||||||
| Watson Pharmaceuticals, Inc.* |
3,489 | 145,736 | ||||||
| Total Pharmaceuticals | 282,756 | |||||||
| Professional Services – 0.3% | ||||||||
| Manpower, Inc. |
1,491 | 85,166 | ||||||
| Resources Connection, Inc.* |
396 | 7,591 | ||||||
| Total Professional Services | 92,757 | |||||||
| Road & Rail – 0.2% | ||||||||
| Old Dominion Freight Line, Inc.* |
368 | 12,288 | ||||||
| Ryder System, Inc. |
1,211 | 46,938 | ||||||
| Werner Enterprises, Inc. |
604 | 13,995 | ||||||
| Total Road & Rail | 73,221 | |||||||
| Semiconductors & Semiconductor Equipment – 0.1% | ||||||||
| Skyworks Solutions, Inc.* |
1,879 | 29,312 | ||||||
| Software – 0.1% | ||||||||
| Compuware Corp.* |
2,815 | 23,646 | ||||||
| Quest Software, Inc.* |
686 | 12,204 | ||||||
| Total Software | 35,850 | |||||||
| Specialty Retail – 6.1% | ||||||||
| Aaron’s, Inc. |
378 | 12,603 | ||||||
| Advance Auto Parts, Inc.(a) |
750 | 31,440 | ||||||
| AutoNation, Inc.*(a) |
4,401 | 79,570 | ||||||
| Investments | Shares | Value | ||||||
| Barnes & Noble, Inc. |
618 | $ | 13,361 | |||||
| Bed Bath & Beyond, Inc.* |
2,406 | 105,287 | ||||||
| Best Buy Co., Inc. |
4,242 | 180,455 | ||||||
| Buckle, Inc. (The) |
418 | 15,366 | ||||||
| Collective Brands, Inc.* |
1,284 | 29,198 | ||||||
| Foot Locker, Inc. |
583 | 8,768 | ||||||
| Gap, Inc. (The) |
9,503 | 219,614 | ||||||
| Home Depot, Inc. |
18,652 | 603,392 | ||||||
| Lowe’s Cos., Inc. |
15,460 | 374,750 | ||||||
| Men’s Wearhouse, Inc. (The) |
467 | 11,180 | ||||||
| O’Reilly Automotive, Inc.* |
745 | 31,074 | ||||||
| PetSmart, Inc. |
1,187 | 37,937 | ||||||
| RadioShack Corp. |
2,827 | 63,975 | ||||||
| Rent-A-Center, Inc.* |
894 | 21,143 | ||||||
| Ross Stores, Inc. |
1,064 | 56,892 | ||||||
| Sherwin-Williams Co. (The) |
1,312 | 88,796 | ||||||
| Staples, Inc. |
6,847 | 160,151 | ||||||
| Tractor Supply Co. |
303 | 17,589 | ||||||
| Total Specialty Retail | 2,162,541 | |||||||
| Textiles, Apparel & Luxury Goods – 0.9% | ||||||||
| Carter’s, Inc.* |
574 | 17,306 | ||||||
| Fossil, Inc.* |
1,125 | 42,458 | ||||||
| Phillips-Van Heusen Corp. |
499 | 28,623 | ||||||
| Polo Ralph Lauren Corp.(a) |
1,453 | 123,563 | ||||||
| VF Corp. |
1,469 | 117,740 | ||||||
| Total Textiles, Apparel & Luxury Goods | 329,690 | |||||||
| Tobacco – 0.1% | ||||||||
| Universal Corp. |
519 | 27,346 | ||||||
| Trading Companies & Distributors – 0.5% | ||||||||
| Applied Industrial Technologies, Inc. |
680 | 16,898 | ||||||
| Beacon Roofing Supply, Inc.* |
570 | 10,904 | ||||||
| W.W. Grainger, Inc. |
872 | 94,281 | ||||||
| Watsco, Inc. |
213 | 12,115 | ||||||
| WESCO International, Inc.* |
1,493 | 51,822 | ||||||
| Total Trading Companies & Distributors | 186,020 | |||||||
| Wireless Telecommunication Services – 0.3% | ||||||||
| Syniverse Holdings, Inc.* |
633 | 12,325 | ||||||
| Telephone & Data Systems, Inc. |
2,444 | 82,729 | ||||||
| Total Wireless Telecommunication Services | 95,054 | |||||||
| TOTAL COMMON STOCKS (Cost: $29,990,284) |
34,992,902 | |||||||
| SHORT-TERM INVESTMENT – 0.8% | ||||||||
| MONEY MARKET FUND – 0.8% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $269,842) | 269,842 | 269,842 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 53 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree LargeCap Value Fund (EZY)
March 31, 2010
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.9% | ||||||||
| MONEY MARKET FUND – 1.9% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $683,006)(d) | 683,006 | $ | 683,006 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 102.2% (Cost: $30,943,132) |
35,945,750 | |||||||
| Liabilities in Excess of Cash and Other Assets – (2.2)% |
|
(781,637 | ) | |||||
| NET ASSETS – 100.0% | $ | 35,164,113 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $665,452 and the total market value of the collateral held by the Fund was $683,006. |
See Notes to Financial Statements.
| 54 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments
WisdomTree LargeCap Growth Fund (ROI)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.9% | ||||||||
| Aerospace & Defense – 0.5% | ||||||||
| ITT Corp. |
1,747 | $ | 93,657 | |||||
| TransDigm Group, Inc. |
449 | 23,815 | ||||||
| Total Aerospace & Defense | 117,472 | |||||||
| Air Freight & Logistics – 0.1% | ||||||||
| C.H. Robinson Worldwide, Inc. |
597 | 33,342 | ||||||
| Airlines – 0.0% | ||||||||
| Allegiant Travel Co.* |
55 | 3,182 | ||||||
| Beverages – 0.1% | ||||||||
| Hansen Natural Corp.* |
241 | 10,455 | ||||||
| Biotechnology – 4.4% | ||||||||
| Amgen, Inc.* |
8,159 | 487,583 | ||||||
| Biogen Idec, Inc.* |
1,318 | 75,601 | ||||||
| Celgene Corp.* |
1,142 | 70,758 | ||||||
| Cephalon, Inc.* |
510 | 34,568 | ||||||
| Cubist Pharmaceuticals, Inc.* |
789 | 17,784 | ||||||
| Genzyme Corp.* |
761 | 39,443 | ||||||
| Gilead Sciences, Inc.* |
3,759 | 170,959 | ||||||
| OSI Pharmaceuticals, Inc.* |
1,155 | 68,780 | ||||||
| United Therapeutics Corp.* |
294 | 16,267 | ||||||
| Total Biotechnology | 981,743 | |||||||
| Capital Markets – 0.1% | ||||||||
| Knight Capital Group, Inc. Class A* |
657 | 10,020 | ||||||
| Stifel Financial Corp.* |
87 | 4,676 | ||||||
| Total Capital Markets | 14,696 | |||||||
| Chemicals – 3.4% | ||||||||
| Calgon Carbon Corp.* |
118 | 2,020 | ||||||
| CF Industries Holdings, Inc. |
891 | 81,241 | ||||||
| FMC Corp. |
683 | 41,349 | ||||||
| Monsanto Co. |
2,262 | 161,552 | ||||||
| Mosaic Co. (The) |
6,039 | 366,990 | ||||||
| Olin Corp. |
825 | 16,187 | ||||||
| OM Group, Inc.* |
510 | 17,279 | ||||||
| Terra Industries, Inc. |
1,850 | 84,656 | ||||||
| Total Chemicals | 771,274 | |||||||
| Commercial Banks – 0.1% | ||||||||
| First Financial Bankshares, Inc. |
88 | 4,536 | ||||||
| Signature Bank* |
126 | 4,668 | ||||||
| UMB Financial Corp. |
165 | 6,700 | ||||||
| WesBanco, Inc. |
66 | 1,073 | ||||||
| Total Commercial Banks | 16,977 | |||||||
| Commercial Services & Supplies – 0.2% | ||||||||
| ABM Industries, Inc. |
307 | 6,508 | ||||||
| Copart, Inc.* |
406 | 14,455 | ||||||
| Rollins, Inc. |
321 | 6,959 | ||||||
| Stericycle, Inc.* |
254 | 13,843 | ||||||
| Tetra Tech, Inc.* |
235 | 5,414 | ||||||
| Total Commercial Services & Supplies | 47,179 | |||||||
| Investments | Shares | Value | ||||||
| Communications Equipment – 1.9% | ||||||||
| Arris Group, Inc.* |
761 | $ | 9,140 | |||||
| Brocade Communications Systems, Inc.* |
4,693 | 26,797 | ||||||
| CommScope, Inc.* |
1,104 | 30,934 | ||||||
| F5 Networks, Inc.* |
258 | 15,870 | ||||||
| Harmonic, Inc.* |
879 | 5,546 | ||||||
| InterDigital, Inc.* |
49 | 1,365 | ||||||
| Juniper Networks, Inc.* |
2,414 | 74,062 | ||||||
| Polycom, Inc.* |
475 | 14,526 | ||||||
| QUALCOMM, Inc. |
5,441 | 228,467 | ||||||
| Riverbed Technology, Inc.* |
116 | 3,294 | ||||||
| Tekelec* |
339 | 6,156 | ||||||
| Total Communications Equipment | 416,157 | |||||||
| Computers & Peripherals – 4.8% | ||||||||
| Apple, Inc.* |
3,208 | 753,655 | ||||||
| EMC Corp.* |
10,640 | 191,946 | ||||||
| QLogic Corp.* |
832 | 16,890 | ||||||
| Synaptics, Inc.* |
95 | 2,623 | ||||||
| Western Digital Corp.* |
2,994 | 116,736 | ||||||
| Total Computers & Peripherals | 1,081,850 | |||||||
| Construction & Engineering – 0.9% | ||||||||
| Aecom Technology Corp.* |
632 | 17,930 | ||||||
| EMCOR Group, Inc.* |
845 | 20,812 | ||||||
| Fluor Corp. |
1,319 | 61,346 | ||||||
| Insituform Technologies, Inc. Class A* |
274 | 7,291 | ||||||
| Jacobs Engineering Group, Inc.* |
777 | 35,112 | ||||||
| KBR, Inc. |
1,551 | 34,370 | ||||||
| MasTec, Inc.* |
819 | 10,328 | ||||||
| URS Corp.* |
414 | 20,539 | ||||||
| Total Construction & Engineering | 207,728 | |||||||
| Containers & Packaging – 0.1% | ||||||||
| Rock-Tenn Co. Class A |
381 | 17,362 | ||||||
| Silgan Holdings, Inc. |
233 | 14,034 | ||||||
| Total Containers & Packaging | 31,396 | |||||||
| Distributors – 0.0% | ||||||||
| LKQ Corp.* |
543 | 11,023 | ||||||
| Diversified Consumer Services – 0.6% | ||||||||
| American Public Education, Inc.* |
34 | 1,584 | ||||||
| Apollo Group, Inc. Class A* |
633 | 38,797 | ||||||
| Capella Education Co.* |
47 | 4,363 | ||||||
| Career Education Corp.* |
286 | 9,049 | ||||||
| Coinstar, Inc.* |
43 | 1,398 | ||||||
| Corinthian Colleges, Inc.* |
181 | 3,184 | ||||||
| DeVry, Inc. |
250 | 16,300 | ||||||
| H&R Block, Inc. |
2,149 | 38,252 | ||||||
| ITT Educational Services, Inc.* |
155 | 17,434 | ||||||
| Strayer Education, Inc. |
36 | 8,767 | ||||||
| Total Diversified Consumer Services | 139,128 | |||||||
| Diversified Financial Services – 0.2% | ||||||||
| IntercontinentalExchange, Inc.* |
301 | 33,766 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 55 |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Growth Fund (ROI)
March 31, 2010
| Investments | Shares | Value | ||||||
| Electric Utilities – 0.1% | ||||||||
| ITC Holdings Corp. |
208 | $ | 11,440 | |||||
| Unisource Energy Corp. |
77 | 2,421 | ||||||
| Total Electric Utilities | 13,861 | |||||||
| Electrical Equipment – 0.4% | ||||||||
| AMETEK, Inc. |
663 | 27,488 | ||||||
| GrafTech International Ltd.* |
2,425 | 33,150 | ||||||
| Regal-Beloit Corp. |
363 | 21,566 | ||||||
| Total Electrical Equipment | 82,204 | |||||||
| Electronic Equipment, Instruments & Components – 0.4% |
||||||||
| Amphenol Corp. Class A |
1,136 | 47,928 | ||||||
| Dolby Laboratories, Inc. Class A* |
476 | 27,927 | ||||||
| FLIR Systems, Inc.* |
769 | 21,686 | ||||||
| Total Electronic Equipment, Instruments & Components | 97,541 | |||||||
| Energy Equipment & Services – 1.6% | ||||||||
| Atwood Oceanics, Inc.* |
1,478 | 51,183 | ||||||
| Diamond Offshore Drilling, Inc. |
1,315 | 116,786 | ||||||
| Dresser-Rand Group, Inc.* |
1,173 | 36,856 | ||||||
| Oil States International, Inc.* |
1,769 | 80,206 | ||||||
| SEACOR Holdings, Inc.* |
295 | 23,795 | ||||||
| Tidewater, Inc. |
1,124 | 53,131 | ||||||
| Total Energy Equipment & Services | 361,957 | |||||||
| Food & Staples Retailing – 5.9% | ||||||||
| BJ’s Wholesale Club, Inc.* |
358 | 13,242 | ||||||
| Casey’s General Stores, Inc. |
256 | 8,038 | ||||||
| Kroger Co. (The) |
4,955 | 107,325 | ||||||
| United Natural Foods, Inc.* |
217 | 6,104 | ||||||
| Wal-Mart Stores, Inc. |
21,346 | 1,186,839 | ||||||
| Total Food & Staples Retailing | 1,321,548 | |||||||
| Food Products – 1.3% | ||||||||
| American Italian Pasta Co. Class A* |
122 | 4,742 | ||||||
| Archer-Daniels-Midland Co. |
8,148 | 235,477 | ||||||
| Flowers Foods, Inc. |
418 | 10,341 | ||||||
| Green Mountain Coffee Roasters, Inc.* |
40 | 3,873 | ||||||
| J.M. Smucker Co. (The) |
541 | 32,601 | ||||||
| Lancaster Colony Corp. |
116 | 6,839 | ||||||
| Lance, Inc. |
75 | 1,735 | ||||||
| TreeHouse Foods, Inc.* |
130 | 5,703 | ||||||
| Total Food Products | 301,311 | |||||||
| Gas Utilities – 0.9% | ||||||||
| Atmos Energy Corp. |
643 | 18,371 | ||||||
| Laclede Group, Inc. (The) |
154 | 5,193 | ||||||
| National Fuel Gas Co. |
857 | 43,321 | ||||||
| New Jersey Resources Corp. |
245 | 9,202 | ||||||
| Nicor, Inc. |
301 | 12,618 | ||||||
| Piedmont Natural Gas Co., Inc. |
352 | 9,708 | ||||||
| Questar Corp. |
1,769 | 76,420 | ||||||
| UGI Corp. |
756 | 20,064 | ||||||
| Total Gas Utilities | 194,897 | |||||||
| Investments | Shares | Value | ||||||
| Health Care Equipment & Supplies – 2.1% | ||||||||
| Baxter International, Inc. |
3,428 | $ | 199,509 | |||||
| C.R. Bard, Inc. |
526 | 45,562 | ||||||
| Edwards Lifesciences Corp.* |
211 | 20,864 | ||||||
| Gen-Probe, Inc.* |
165 | 8,250 | ||||||
| Haemonetics Corp.* |
103 | 5,886 | ||||||
| Immucor, Inc.* |
275 | 6,157 | ||||||
| Intuitive Surgical, Inc.* |
129 | 44,909 | ||||||
| Masimo Corp. |
94 | 2,496 | ||||||
| ResMed, Inc.* |
268 | 17,058 | ||||||
| St. Jude Medical, Inc.* |
1,896 | 77,831 | ||||||
| STERIS Corp. |
407 | 13,700 | ||||||
| Teleflex, Inc. |
329 | 21,079 | ||||||
| Thoratec Corp.* |
69 | 2,308 | ||||||
| Total Health Care Equipment & Supplies | 465,609 | |||||||
| Health Care Providers & Services – 2.0% | ||||||||
| Amedisys, Inc.* |
247 | 13,639 | ||||||
| AMERIGROUP Corp.* |
542 | 18,016 | ||||||
| AmerisourceBergen Corp. |
2,347 | 67,876 | ||||||
| Catalyst Health Solutions, Inc.* |
204 | 8,442 | ||||||
| Centene Corp.* |
353 | 8,486 | ||||||
| Chemed Corp. |
142 | 7,722 | ||||||
| Community Health Systems, Inc.* |
948 | 35,010 | ||||||
| DaVita, Inc.* |
716 | 45,394 | ||||||
| HMS Holdings Corp.* |
57 | 2,906 | ||||||
| Magellan Health Services, Inc.* |
215 | 9,348 | ||||||
| Medco Health Solutions, Inc.* |
2,058 | 132,865 | ||||||
| Omnicare, Inc. |
894 | 25,291 | ||||||
| PSS World Medical, Inc.* |
363 | 8,534 | ||||||
| Quest Diagnostics, Inc. |
1,078 | 62,837 | ||||||
| VCA Antech, Inc.* |
480 | 13,454 | ||||||
| Total Health Care Providers & Services | 459,820 | |||||||
| Health Care Technology – 0.2% | ||||||||
| Cerner Corp.* |
388 | 33,003 | ||||||
| Quality Systems, Inc. |
75 | 4,608 | ||||||
| Total Health Care Technology | 37,611 | |||||||
| Hotels, Restaurants & Leisure – 2.1% | ||||||||
| Bally Technologies, Inc.* |
407 | 16,500 | ||||||
| Bob Evans Farms, Inc. |
216 | 6,677 | ||||||
| Buffalo Wild Wings, Inc.* |
53 | 2,550 | ||||||
| Darden Restaurants, Inc. |
819 | 36,478 | ||||||
| McDonald’s Corp. |
5,981 | 399,052 | ||||||
| Panera Bread Co. Class A* |
101 | 7,725 | ||||||
| Vail Resorts, Inc.* |
287 | 11,506 | ||||||
| Total Hotels, Restaurants & Leisure | 480,488 | |||||||
| Household Products – 0.1% | ||||||||
| Church & Dwight Co., Inc. |
332 | 22,227 | ||||||
| Insurance – 0.4% | ||||||||
| AON Corp. |
1,887 | 80,593 | ||||||
| Brown & Brown, Inc. |
716 | 12,831 | ||||||
| Total Insurance | 93,424 | |||||||
See Notes to Financial Statements.
| 56 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Growth Fund (ROI)
March 31, 2010
| Investments | Shares | Value | ||||||
| Internet & Catalog Retail – 0.6% | ||||||||
| Amazon.com, Inc.* |
608 | $ | 82,524 | |||||
| NetFlix, Inc.* |
152 | 11,208 | ||||||
| priceline.com, Inc.* |
174 | 44,370 | ||||||
| Total Internet & Catalog Retail | 138,102 | |||||||
| Internet Software & Services – 2.6% | ||||||||
| Akamai Technologies, Inc.* |
596 | 18,720 | ||||||
| Digital River, Inc.* |
153 | 4,636 | ||||||
| Earthlink, Inc. |
3,239 | 27,661 | ||||||
| Google, Inc. Class A* |
898 | 509,175 | ||||||
| j2 Global Communications, Inc.* |
242 | 5,663 | ||||||
| VeriSign, Inc.* |
819 | 21,302 | ||||||
| Total Internet Software & Services | 587,157 | |||||||
| IT Services – 4.3% | ||||||||
| Alliance Data Systems Corp.* |
463 | 29,627 | ||||||
| Broadridge Financial Solutions, Inc. |
812 | 17,361 | ||||||
| CACI International, Inc. Class A* |
199 | 9,721 | ||||||
| Cognizant Technology Solutions Corp. Class A* |
1,521 | 77,541 | ||||||
| Computer Sciences Corp.* |
2,078 | 113,230 | ||||||
| Cybersource Corp.* |
61 | 1,076 | ||||||
| Fidelity National Information Services, Inc. |
1,607 | 37,668 | ||||||
| Fiserv, Inc.* |
917 | 46,547 | ||||||
| Global Payments, Inc. |
467 | 21,272 | ||||||
| Mantech International Corp. Class A* |
181 | 8,838 | ||||||
| Mastercard, Inc. Class A |
1,074 | 272,796 | ||||||
| MAXIMUS, Inc. |
152 | 9,261 | ||||||
| Visa, Inc. Class A |
3,621 | 329,620 | ||||||
| Total IT Services | 974,558 | |||||||
| Life Sciences Tools & Services – 0.1% | ||||||||
| Bio-Rad Laboratories, Inc. Class A* |
142 | 14,699 | ||||||
| Illumina, Inc.* |
174 | 6,769 | ||||||
| Total Life Sciences Tools & Services | 21,468 | |||||||
| Machinery – 0.7% | ||||||||
| Bucyrus International, Inc. |
1,048 | 69,158 | ||||||
| Flowserve Corp. |
601 | 66,272 | ||||||
| Middleby Corp.* |
210 | 12,094 | ||||||
| Valmont Industries, Inc. |
223 | 18,471 | ||||||
| Total Machinery | 165,995 | |||||||
| Media – 2.2% | ||||||||
| Comcast Corp. Class A |
17,273 | 325,079 | ||||||
| DIRECTV Class A* |
4,965 | 167,867 | ||||||
| Total Media | 492,946 | |||||||
| Metals & Mining – 2.0% | ||||||||
| Newmont Mining Corp. |
1,774 | 90,350 | ||||||
| Nucor Corp. |
3,549 | 161,053 | ||||||
| Schnitzer Steel Industries, Inc. Class A |
358 | 18,806 | ||||||
| Steel Dynamics, Inc. |
3,166 | 55,310 | ||||||
| Walter Energy, Inc. |
1,352 | 124,749 | ||||||
| Total Metals & Mining | 450,268 | |||||||
| Investments | Shares | Value | ||||||
| Multiline Retail – 0.3% | ||||||||
| Big Lots, Inc.* |
493 | $ | 17,955 | |||||
| Dollar Tree, Inc.* |
444 | 26,293 | ||||||
| Family Dollar Stores, Inc. |
606 | 22,186 | ||||||
| Total Multiline Retail | 66,434 | |||||||
| Multi-Utilities – 0.8% | ||||||||
| Black Hills Corp. |
171 | 5,190 | ||||||
| CH Energy Group, Inc. |
65 | 2,655 | ||||||
| NorthWestern Corp. |
260 | 6,971 | ||||||
| NSTAR |
624 | 22,102 | ||||||
| PG&E Corp. |
2,554 | 108,340 | ||||||
| SCANA Corp. |
925 | 34,771 | ||||||
| Total Multi-Utilities | 180,029 | |||||||
| Oil, Gas & Consumable Fuels – 37.7% | ||||||||
| Alpha Natural Resources, Inc.* |
1,062 | 52,983 | ||||||
| Anadarko Petroleum Corp. |
6,506 | 473,832 | ||||||
| Arena Resources, Inc.* |
833 | 27,822 | ||||||
| Bill Barrett Corp.* |
939 | 28,837 | ||||||
| Chevron Corp. |
28,236 | 2,141,135 | ||||||
| CNX Gas Corp.* |
1,391 | 52,928 | ||||||
| Comstock Resources, Inc.* |
446 | 14,183 | ||||||
| Concho Resources, Inc.* |
857 | 43,159 | ||||||
| Continental Resources, Inc.* |
1,556 | 66,208 | ||||||
| Denbury Resources, Inc.* |
6,273 | 105,826 | ||||||
| EOG Resources, Inc. |
3,514 | 326,591 | ||||||
| Exxon Mobil Corp. |
48,008 | 3,215,575 | ||||||
| Hess Corp. |
3,833 | 239,754 | ||||||
| Massey Energy Co. |
2,299 | 120,215 | ||||||
| Murphy Oil Corp. |
3,287 | 184,697 | ||||||
| Noble Energy, Inc. |
2,098 | 153,154 | ||||||
| NuStar GP Holdings LLC |
914 | 27,082 | ||||||
| Occidental Petroleum Corp. |
9,789 | 827,561 | ||||||
| Peabody Energy Corp. |
3,590 | 164,063 | ||||||
| Range Resources Corp. |
1,056 | 49,495 | ||||||
| Southwestern Energy Co.* |
1,701 | 69,265 | ||||||
| Whiting Petroleum Corp.* |
842 | 68,067 | ||||||
| World Fuel Services Corp. |
1,188 | 31,648 | ||||||
| Total Oil, Gas & Consumable Fuels | 8,484,080 | |||||||
| Pharmaceuticals – 4.8% | ||||||||
| Abbott Laboratories |
9,948 | 524,061 | ||||||
| Allergan, Inc. |
1,149 | 75,053 | ||||||
| Bristol-Myers Squibb Co. |
9,926 | 265,024 | ||||||
| Endo Pharmaceuticals Holdings, Inc.* |
1,191 | 28,215 | ||||||
| Medicines Co. (The)* |
92 | 721 | ||||||
| Mylan, Inc.* |
1,848 | 41,968 | ||||||
| Perrigo Co. |
522 | 30,652 | ||||||
| Valeant Pharmaceuticals International* |
204 | 8,754 | ||||||
| Watson Pharmaceuticals, Inc.* |
2,333 | 97,449 | ||||||
| Total Pharmaceuticals | 1,071,897 | |||||||
| Professional Services – 0.0% | ||||||||
| CoStar Group, Inc.* |
61 | 2,533 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 57 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree LargeCap Growth Fund (ROI)
March 31, 2010
| Investments | Shares | Value | ||||||
| Real Estate Investment Trusts (REITs) – 0.4% | ||||||||
| Corporate Office Properties Trust SBI MD |
81 | $ | 3,251 | |||||
| Digital Realty Trust, Inc. |
66 | 3,577 | ||||||
| Investors Real Estate Trust |
70 | 631 | ||||||
| Public Storage |
905 | 83,251 | ||||||
| Total Real Estate Investment Trusts (REITs) | 90,710 | |||||||
| Road & Rail – 0.1% | ||||||||
| Heartland Express, Inc. |
350 | 5,775 | ||||||
| Knight Transportation, Inc. |
288 | 6,074 | ||||||
| Total Road & Rail | 11,849 | |||||||
| Semiconductors & Semiconductor Equipment – 0.7% | ||||||||
| Altera Corp. |
1,655 | 40,233 | ||||||
| Broadcom Corp. Class A |
1,567 | 51,993 | ||||||
| Cree, Inc.* |
90 | 6,320 | ||||||
| Hittite Microwave Corp.* |
129 | 5,672 | ||||||
| ON Semiconductor Corp.* |
3,203 | 25,624 | ||||||
| Semtech Corp.* |
228 | 3,974 | ||||||
| Silicon Laboratories, Inc.* |
138 | 6,578 | ||||||
| Skyworks Solutions, Inc.* |
1,093 | 17,051 | ||||||
| Total Semiconductors & Semiconductor Equipment | 157,445 | |||||||
| Software – 4.4% | ||||||||
| ACI Worldwide, Inc.* |
141 | 2,906 | ||||||
| Ansys, Inc.* |
347 | 14,970 | ||||||
| AsiaInfo Holdings, Inc.* |
90 | 2,383 | ||||||
| BMC Software, Inc.* |
826 | 31,388 | ||||||
| Compuware Corp.* |
1,614 | 13,558 | ||||||
| Concur Technologies, Inc.* |
66 | 2,707 | ||||||
| EPIQ Systems, Inc.* |
82 | 1,019 | ||||||
| FactSet Research Systems, Inc. |
230 | 16,875 | ||||||
| Intuit, Inc.* |
1,372 | 47,114 | ||||||
| McAfee, Inc.* |
470 | 18,861 | ||||||
| Oracle Corp. |
25,676 | 659,617 | ||||||
| Quest Software, Inc.* |
439 | 7,810 | ||||||
| Red Hat, Inc.* |
337 | 9,864 | ||||||
| Rovi Corp.* |
65 | 2,413 | ||||||
| Salesforce.com, Inc.* |
93 | 6,924 | ||||||
| Solera Holdings, Inc. |
117 | 4,522 | ||||||
| Sybase, Inc.* |
386 | 17,995 | ||||||
| Symantec Corp.* |
3,749 | 63,433 | ||||||
| Synopsys, Inc.* |
789 | 17,650 | ||||||
| TIBCO Software, Inc.* |
656 | 7,078 | ||||||
| VMware, Inc. Class A* |
799 | 42,587 | ||||||
| Total Software | 991,674 | |||||||
| Specialty Retail – 1.4% | ||||||||
| Aaron’s, Inc. |
212 | 7,068 | ||||||
| Advance Auto Parts, Inc. |
453 | 18,990 | ||||||
| Aeropostale, Inc.* |
588 | 16,952 | ||||||
| AutoZone, Inc.* |
323 | 55,908 | ||||||
| Best Buy Co., Inc. |
2,565 | 109,116 | ||||||
| Buckle, Inc. (The) |
244 | 8,969 | ||||||
| Gymboree Corp.* |
267 | 13,785 | ||||||
| Investments | Shares | Value | ||||||
| O’Reilly Automotive, Inc.* |
442 | $ | 18,436 | |||||
| PetSmart, Inc. |
674 | 21,541 | ||||||
| Ross Stores, Inc. |
645 | 34,488 | ||||||
| Tractor Supply Co. |
166 | 9,636 | ||||||
| Total Specialty Retail | 314,889 | |||||||
| Textiles, Apparel & Luxury Goods – 0.2% | ||||||||
| Carter’s, Inc.* |
316 | 9,527 | ||||||
| Deckers Outdoor Corp.* |
138 | 19,044 | ||||||
| Lululemon Athletica, Inc.* |
256 | 10,624 | ||||||
| Total Textiles, Apparel & Luxury Goods | 39,195 | |||||||
| Thrifts & Mortgage Finance – 0.3% | ||||||||
| Capitol Federal Financial |
126 | 4,720 | ||||||
| Hudson City Bancorp, Inc. |
2,874 | 40,696 | ||||||
| NewAlliance Bancshares, Inc. |
297 | 3,748 | ||||||
| People’s United Financial, Inc. |
951 | 14,874 | ||||||
| Total Thrifts & Mortgage Finance | 64,038 | |||||||
| Trading Companies & Distributors – 0.3% | ||||||||
| Beacon Roofing Supply, Inc.* |
541 | 10,349 | ||||||
| W.W. Grainger, Inc. |
507 | 54,817 | ||||||
| Total Trading Companies & Distributors | 65,166 | |||||||
| Water Utilities – 0.1% | ||||||||
| American States Water Co. |
70 | 2,429 | ||||||
| Aqua America, Inc. |
418 | 7,344 | ||||||
| California Water Service Group |
88 | 3,310 | ||||||
| Total Water Utilities | 13,083 | |||||||
| Wireless Telecommunication Services – 0.0% | ||||||||
| Syniverse Holdings, Inc.* |
435 | 8,469 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 98.9% (Cost: $17,961,874) |
22,241,851 | |||||||
| Cash and Other Assets in Excess of Liabilities – 1.1% |
242,713 | |||||||
| NET ASSETS – 100.0% | $ | 22,484,564 | ||||||
| * | Non-income producing security. |
See Notes to Financial Statements.
| 58 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (consolidated)
WisdomTree India Earnings Fund (EPI)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.9% | ||||||||
| Aerospace & Defense – 0.5% | ||||||||
| Bharat Electronics Ltd. |
91,053 | $ | 4,466,860 | |||||
| Auto Components – 0.4% | ||||||||
| Amtek Auto Ltd. |
819,356 | 3,549,721 | ||||||
| Automobiles – 2.8% | ||||||||
| Bajaj Auto Ltd. |
53,618 | 2,406,271 | ||||||
| Hero Honda Motors Ltd. |
171,316 | 7,419,687 | ||||||
| Mahindra & Mahindra Ltd. |
894,940 | 10,791,308 | ||||||
| Maruti Suzuki India Ltd. |
96,083 | 3,034,656 | ||||||
| Total Automobiles | 23,651,922 | |||||||
| Beverages – 0.4% | ||||||||
| United Spirits Ltd. |
113,304 | 3,334,890 | ||||||
| Building Products – 0.5% | ||||||||
| Sintex Industries Ltd. |
588,372 | 3,872,679 | ||||||
| Chemicals – 1.0% | ||||||||
| Asian Paints Ltd. |
47,680 | 2,165,327 | ||||||
| Gujarat Narmada Valley Fertilizers Co., Ltd. |
165,219 | 413,646 | ||||||
| Tata Chemicals Ltd. |
371,363 | 2,714,395 | ||||||
| United Phosphorus Ltd. |
789,867 | 2,624,973 | ||||||
| Total Chemicals | 7,918,341 | |||||||
| Commercial Banks – 14.5% | ||||||||
| Allahabad Bank |
756,690 | 2,407,688 | ||||||
| Andhra Bank |
666,852 | 1,607,159 | ||||||
| Axis Bank Ltd. |
519,428 | 13,516,466 | ||||||
| Bank of India |
711,380 | 5,391,403 | ||||||
| Canara Bank |
685,988 | 6,267,787 | ||||||
| Central Bank of India |
550,825 | 1,798,049 | ||||||
| Corp. Bank |
227,494 | 2,435,065 | ||||||
| Federal Bank Ltd. |
497,798 | 2,958,846 | ||||||
| HDFC Bank Ltd. |
382,258 | 16,462,765 | ||||||
| ICICI Bank Ltd. |
1,112,553 | 23,604,115 | ||||||
| IDBI Bank Ltd. |
776,064 | 1,987,913 | ||||||
| Indian Bank |
821,714 | 3,210,349 | ||||||
| Indian Overseas Bank |
1,356,689 | 2,778,651 | ||||||
| Karnataka Bank Ltd. |
542,223 | 1,449,310 | ||||||
| Oriental Bank of Commerce |
423,131 | 3,024,922 | ||||||
| State Bank of India Ltd. |
575,358 | 26,633,457 | ||||||
| Syndicate Bank |
1,092,432 | 2,096,292 | ||||||
| Uco Bank |
1,285,907 | 1,618,304 | ||||||
| Yes Bank Ltd.* |
458,805 | 2,618,239 | ||||||
| Total Commercial Banks | 121,866,780 | |||||||
| Construction & Engineering – 2.2% | ||||||||
| IVRCL Infrastructures & Projects Ltd. |
758,452 | 2,804,389 | ||||||
| Larsen & Toubro Ltd. |
315,314 | 11,454,056 | ||||||
| Nagarjuna Construction Co. |
620,181 | 2,246,852 | ||||||
| Voltas Ltd. |
409,657 | 1,610,067 | ||||||
| Total Construction & Engineering | 18,115,364 | |||||||
| Construction Materials – 2.9% | ||||||||
| ACC Ltd. |
197,959 | 4,193,538 | ||||||
| Ambuja Cements Ltd. |
3,092,780 | 8,256,369 | ||||||
| Investments | Shares | Value | ||||||
| Anant Raj Industries Ltd. |
267,287 | $ | 792,127 | |||||
| India Cements Ltd. |
869,743 | 2,552,370 | ||||||
| Madras Cements Ltd. |
551,554 | 1,495,750 | ||||||
| Shree Cement Ltd. |
50,267 | 2,644,462 | ||||||
| Ultratech Cement Ltd. |
186,154 | 4,788,505 | ||||||
| Total Construction Materials | 24,723,121 | |||||||
| Diversified Financial Services – 2.6% | ||||||||
| Infrastructure Development Finance Co., Ltd. |
2,127,779 | 7,628,155 | ||||||
| Kotak Mahindra Bank Ltd. |
164,802 | 2,746,333 | ||||||
| Power Finance Corp., Ltd. |
536,337 | 3,086,372 | ||||||
| Reliance Capital Ltd. |
294,456 | 4,958,758 | ||||||
| Rural Electrification Corp., Ltd. |
679,706 | 3,794,817 | ||||||
| Total Diversified Financial Services | 22,214,435 | |||||||
| Diversified Telecommunication Services – 0.1% | ||||||||
| Tulip Telecom Ltd. |
51,880 | 971,674 | ||||||
| Electric Utilities – 2.1% | ||||||||
| Power Grid Corp. of India Ltd. |
1,365,521 | 3,259,062 | ||||||
| Reliance Infrastructure Ltd. |
312,115 | 6,945,506 | ||||||
| Tata Power Co., Ltd. |
195,495 | 5,981,550 | ||||||
| Torrent Power Ltd. |
257,597 | 1,657,354 | ||||||
| Total Electric Utilities | 17,843,472 | |||||||
| Electrical Equipment – 1.8% | ||||||||
| ABB Ltd. |
133,846 | 2,474,489 | ||||||
| Bharat Heavy Electricals Ltd. |
186,878 | 9,951,217 | ||||||
| Crompton Greaves Ltd. |
503,239 | 2,925,052 | ||||||
| Total Electrical Equipment | 15,350,758 | |||||||
| Energy Equipment & Services – 0.3% | ||||||||
| Aban Offshore Ltd. |
50,966 | 1,319,757 | ||||||
| Great Offshore Ltd. |
141,716 | 1,291,843 | ||||||
| Total Energy Equipment & Services | 2,611,600 | |||||||
| Food Products – 0.7% | ||||||||
| Nestle India Ltd. |
35,986 | 2,145,093 | ||||||
| Tata Tea Ltd. |
161,857 | 3,528,983 | ||||||
| Total Food Products | 5,674,076 | |||||||
| Gas Utilities – 1.2% | ||||||||
| GAIL India Ltd. |
1,055,516 | 9,653,522 | ||||||
| Health Care Equipment & Supplies – 0.1% | ||||||||
| Opto Circuits India Ltd. |
234,664 | 1,136,078 | ||||||
| Household Durables – 0.4% | ||||||||
| Videocon Industries Ltd. |
690,656 | 3,501,354 | ||||||
| Household Products – 1.7% | ||||||||
| Hindustan Unilever Ltd. |
2,695,699 | 14,383,666 | ||||||
| Independent Power Producers & Energy Traders – 1.3% | ||||||||
| NTPC Ltd. |
2,295,083 | 10,594,854 | ||||||
| Industrial Conglomerates – 0.7% | ||||||||
| Jaiprakash Associates Ltd. |
740,068 | 2,465,245 | ||||||
| Siemens India Ltd. |
189,603 | 3,125,842 | ||||||
| Total Industrial Conglomerates | 5,591,087 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 59 |
Table of Contents
Schedule of Investments (consolidated) (continued)
WisdomTree India Earnings Fund (EPI)
March 31, 2010
| Investments | Shares | Value | ||||||
| IT Services – 13.7% | ||||||||
| HCL Technologies Ltd. |
573,126 | $ | 4,575,306 | |||||
| Infosys Technologies Ltd. |
1,170,864 | 68,224,117 | ||||||
| Mphasis Ltd. |
94,805 | 1,310,207 | ||||||
| Patni Computer Systems Ltd. |
312,654 | 3,722,668 | ||||||
| Rolta India Ltd. |
617,314 | 2,460,593 | ||||||
| Tata Consultancy Services Ltd. |
1,185,687 | 20,617,141 | ||||||
| Tech Mahindra Ltd.* |
116,038 | 2,204,968 | ||||||
| Wipro Ltd. |
786,043 | 12,377,617 | ||||||
| Total IT Services | 115,492,617 | |||||||
| Life Sciences Tools & Services – 0.3% | ||||||||
| Divi’s Laboratories Ltd. |
166,635 | 2,517,619 | ||||||
| Machinery – 0.8% | ||||||||
| Ashok Leyland Ltd. |
1,774,883 | 2,206,002 | ||||||
| Cummins India Ltd. |
226,758 | 2,592,603 | ||||||
| Thermax Ltd. |
120,689 | 1,833,252 | ||||||
| Total Machinery | 6,631,857 | |||||||
| Marine – 0.7% | ||||||||
| Mercator Lines Ltd. |
2,439,140 | 3,023,458 | ||||||
| Shipping Corp. of India Ltd. |
800,065 | 2,775,590 | ||||||
| Total Marine | 5,799,048 | |||||||
| Media – 0.7% | ||||||||
| Sun TV Network Ltd. |
178,822 | 1,704,774 | ||||||
| Zee Entertainment Enterprises Ltd. |
703,582 | 4,203,939 | ||||||
| Total Media | 5,908,713 | |||||||
| Metals & Mining – 11.6% | ||||||||
| Bhushan Steel Ltd. |
47,773 | 1,787,431 | ||||||
| Hindalco Industries Ltd. |
604,738 | 2,441,447 | ||||||
| Hindustan Zinc Ltd. |
102,462 | 2,748,638 | ||||||
| Jindal Saw Ltd. |
373,360 | 1,766,381 | ||||||
| Jindal Steel & Power Ltd. |
1,032,989 | 16,177,627 | ||||||
| JSW Steel Ltd. |
104,259 | 2,867,558 | ||||||
| Maharashtra Seamless Ltd. |
167,461 | 1,323,052 | ||||||
| National Aluminium Co., Ltd. |
261,239 | 2,370,906 | ||||||
| Sesa Goa Ltd. |
1,772,221 | 18,570,917 | ||||||
| Steel Authority of India Ltd. |
2,839,714 | 15,974,380 | ||||||
| Sterlite Industries India Ltd. |
620,142 | 11,740,499 | ||||||
| Tata Steel Ltd. |
1,308,890 | 18,427,084 | ||||||
| Welspun-Gujarat Stahl Ltd. |
255,489 | 1,554,730 | ||||||
| Total Metals & Mining | 97,750,650 | |||||||
| Oil, Gas & Consumable Fuels – 19.2% | ||||||||
| Bharat Petroleum Corp., Ltd. |
137,370 | 1,585,133 | ||||||
| Great Eastern Shipping Co., Ltd. (The) |
701,773 | 4,598,766 | ||||||
| Hindustan Petroleum Corp., Ltd. |
237,250 | 1,683,394 | ||||||
| Indian Oil Corp., Ltd. |
872,406 | 5,747,056 | ||||||
| Mangalore Refinery & Petrochemicals Ltd. |
882,635 | 1,498,091 | ||||||
| Oil & Natural Gas Corp., Ltd. |
2,178,012 | 53,301,744 | ||||||
| Petronet Lng Ltd. |
953,163 | 1,614,613 | ||||||
| Reliance Industries Ltd. |
3,826,833 | 91,568,669 | ||||||
| Total Oil, Gas & Consumable Fuels | 161,597,466 | |||||||
| Investments | Shares | Value | ||||||
| Personal Products – 0.3% | ||||||||
| Dabur India Ltd. |
672,721 | $ | 2,379,510 | |||||
| Pharmaceuticals – 3.0% | ||||||||
| Cipla Ltd. |
643,315 | 4,848,327 | ||||||
| GlaxoSmithKline Pharmaceuticals Ltd. |
54,873 | 2,173,164 | ||||||
| Glenmark Pharmaceuticals Ltd. |
246,736 | 1,475,909 | ||||||
| Lupin Ltd. |
67,974 | 2,463,916 | ||||||
| Piramal Healthcare Ltd. |
275,283 | 2,604,443 | ||||||
| Sun Pharmaceutical Industries Ltd. |
295,859 | 11,809,317 | ||||||
| Total Pharmaceuticals | 25,375,076 | |||||||
| Real Estate Management & Development – 1.0% | ||||||||
| DLF Ltd. |
729,916 | 5,022,186 | ||||||
| Housing Development & Infrastructure Ltd.* |
576,992 | 3,680,180 | ||||||
| Total Real Estate Management & Development | 8,702,366 | |||||||
| Road & Rail – 0.3% | ||||||||
| Container Corp. of India |
93,087 | 2,732,895 | ||||||
| Software – 0.6% | ||||||||
| Financial Technologies India Ltd. |
53,946 | 1,884,836 | ||||||
| Geodesic Ltd. |
281,972 | 703,438 | ||||||
| Oracle Financial Sevices Software Ltd.* |
48,063 | 2,462,352 | ||||||
| Total Software | 5,050,626 | |||||||
| Textiles, Apparel & Luxury Goods – 0.2% | ||||||||
| Alok Industries Ltd. |
3,280,902 | 1,622,364 | ||||||
| Thrifts & Mortgage Finance – 3.0% | ||||||||
| Housing Development Finance Corp. |
354,925 | 21,481,283 | ||||||
| Lic Housing Finance Ltd. |
205,867 | 3,996,512 | ||||||
| Total Thrifts & Mortgage Finance | 25,477,795 | |||||||
| Tobacco – 1.4% | ||||||||
| ITC Ltd. |
1,930,681 | 11,312,298 | ||||||
| Trading Companies & Distributors – 0.3% | ||||||||
| Adani Enterprises Ltd. |
248,771 | 2,602,689 | ||||||
| Wireless Telecommunication Services – 4.6% | ||||||||
| Bharti Airtel Ltd. |
3,333,230 | 23,205,280 | ||||||
| Idea Cellular Ltd.* |
1,775,939 | 2,591,024 | ||||||
| Reliance Communications Ltd. |
3,473,724 | 13,149,780 | ||||||
| Total Wireless Telecommunication Services | 38,946,084 | |||||||
| TOTAL COMMON STOCKS (Cost: $687,335,656) |
840,925,927 | |||||||
| RIGHTS – 0.0% | ||||||||
| Household Durables – 0.0% | ||||||||
| Videocon Industries Ltd., expiring 12/31/10* |
153,479 | 8,888 | ||||||
See Notes to Financial Statements.
| 60 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (consolidated) (concluded)
WisdomTree India Earnings Fund (EPI)
March 31, 2010
| Investments | Shares | Value | ||||||
| Trading Companies & Distributors – 0.0% | ||||||||
| Adani Enterprises Ltd., |
15,548 | $ | — | |||||
| TOTAL RIGHTS (Cost: $0) |
8,888 | |||||||
| TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $687,335,656) |
840,934,815 | |||||||
| Foreign Currency and Other Assets in Excess of Liabilities – 0.1% |
597,943 | |||||||
| NET ASSETS – 100.0% | $ | 841,532,758 | ||||||
| * | Non-income producing security. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 61 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Domestic and International Earnings Funds
March 31, 2010
| WisdomTree Total Earnings Fund |
WisdomTree Earnings 500 Fund |
WisdomTree MidCap Earnings Fund |
WisdomTree SmallCap Earnings Fund |
WisdomTree LargeCap Value Fund1 |
WisdomTree LargeCap Growth Fund |
WisdomTree India Earnings Fund (consolidated) |
||||||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||||||
| Investments, at cost |
$ | 49,771,991 | $ | 80,942,293 | $ | 58,044,162 | $ | 110,878,513 | $ | 30,943,132 | $ | 17,961,874 | $ | 687,335,656 | ||||||||||||||
| Foreign currency, at cost |
— | — | — | — | — | — | 1,625,051 | |||||||||||||||||||||
| Investments in securities, at value (including securities on loan)2 |
49,394,640 | 79,162,462 | 62,994,156 | 116,373,261 | 35,945,750 | 22,241,851 | 840,934,815 | |||||||||||||||||||||
| Cash |
— | — | — | — | 192 | 291,193 | — | |||||||||||||||||||||
| Foreign currency, at value |
— | — | — | — | — | — | 1,627,391 | |||||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||||||
| Dividends and interest |
74,561 | 101,717 | 71,938 | 125,987 | 34,722 | 20,047 | — | |||||||||||||||||||||
| Total Assets |
49,469,201 | 79,264,179 | 63,066,094 | 116,499,248 | 35,980,664 | 22,553,091 | 842,562,206 | |||||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||||||
| Due to custodian |
371 | 297 | — | 130 | — | — | 307,888 | |||||||||||||||||||||
| Payables: |
||||||||||||||||||||||||||||
| Collateral for securities on loan (Note 2) |
1,285,010 | 1,505,012 | 8,081,065 | 20,957,169 | 683,006 | — | — | |||||||||||||||||||||
| Investment securities purchased |
172,174 | 71,006 | 501,810 | — | — | — | — | |||||||||||||||||||||
| Advisory fees (Note 3) |
11,854 | 15,710 | 17,319 | 29,813 | 10,343 | 7,162 | 457,943 | |||||||||||||||||||||
| Service fees (Note 2) |
186 | 247 | 201 | 345 | 120 | 83 | 137,652 | |||||||||||||||||||||
| Dividends and interest |
— | — | — | — | — | — | 125,965 | |||||||||||||||||||||
| Distribution |
210,623 | 249,641 | 159,999 | 205,669 | 123,082 | 61,282 | — | |||||||||||||||||||||
| Total Liabilities |
1,680,218 | 1,841,913 | 8,760,394 | 21,193,126 | 816,551 | 68,527 | 1,029,448 | |||||||||||||||||||||
| NET ASSETS |
$ | 47,788,983 | $ | 77,422,266 | $ | 54,305,700 | $ | 95,306,122 | $ | 35,164,113 | $ | 22,484,564 | $ | 841,532,758 | ||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||||||
| Paid-in capital |
$ | 53,783,742 | $ | 96,401,749 | $ | 59,128,747 | $ | 98,457,182 | $ | 42,676,405 | $ | 18,238,292 | $ | 754,185,806 | ||||||||||||||
| Undistributed net investment income |
23,247 | 37,252 | 26,152 | 45,160 | 13,902 | 7,197 | 447,862 | |||||||||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(5,640,655 | ) | (17,236,904 | ) | (9,799,193 | ) | (8,690,968 | ) | (12,528,812 | ) | (40,902 | ) | (66,695,508 | ) | ||||||||||||||
| Net unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
(377,351 | ) | (1,779,831 | ) | 4,949,994 | 5,494,748 | 5,002,618 | 4,279,977 | 153,594,598 | |||||||||||||||||||
| NET ASSETS |
$ | 47,788,983 | $ | 77,422,266 | $ | 54,305,700 | $ | 95,306,122 | $ | 35,164,113 | $ | 22,484,564 | $ | 841,532,758 | ||||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
1,150,000 | 1,900,000 | 1,150,000 | 2,150,000 | 950,000 | 650,000 | 36,200,000 | |||||||||||||||||||||
| Net asset value per share |
$ | 41.56 | $ | 40.75 | $ | 47.22 | $ | 44.33 | $ | 37.01 | $ | 34.59 | $ | 23.25 | ||||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Low P/E Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree LargeCap Value Fund thereafter. |
| 2 | Market values for securities on loan were as follows: $1,251,514, $1,466,932, $7,849,179, $20,085,665, $665,452, $0 and $0, respectively (Note 2). |
See Notes to Financial Statements.
| 62 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree Domestic and International Earnings Funds
For the Year Ended March 31, 2010
| WisdomTree Total Earnings Fund |
WisdomTree Earnings 500 Fund |
WisdomTree MidCap Earnings Fund |
WisdomTree SmallCap Earnings Fund |
WisdomTree LargeCap Value Fund1 |
WisdomTree LargeCap Growth Fund |
WisdomTree India Earnings Fund (consolidated) |
||||||||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||||||||||
| Dividends2 |
$ | 635,941 | $ | 1,229,331 | $ | 555,470 | $ | 637,769 | $ | 657,835 | $ | 354,731 | $ | 5,618,814 | ||||||||||||||
| Interest |
35 | 62 | 36 | 57 | 28 | — | — | |||||||||||||||||||||
| Securities lending income (Note 2) |
3,468 | 4,409 | 15,725 | 58,437 | 6,531 | 365 | 7 | |||||||||||||||||||||
| Total investment income |
639,444 | 1,233,802 | 571,231 | 696,263 | 664,394 | 355,096 | 5,618,821 | |||||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||||||
| Advisory Fees (Note 3) |
81,325 | 154,906 | 112,649 | 196,027 | 105,648 | 70,504 | 3,568,427 | |||||||||||||||||||||
| Service Fees (Note 2) |
1,278 | 2,434 | 1,305 | 2,270 | 1,223 | 816 | 41,333 | |||||||||||||||||||||
| Custody/Accounting |
— | — | — | — | — | — | 741,253 | |||||||||||||||||||||
| Printing |
— | — | — | — | — | — | 89,089 | |||||||||||||||||||||
| IOPV Fees3 |
— | — | — | — | — | — | 47,065 | |||||||||||||||||||||
| Professional Fees |
— | — | — | — | — | — | 36,202 | |||||||||||||||||||||
| Directors |
— | — | — | — | — | — | 6,951 | |||||||||||||||||||||
| Insurance |
— | — | — | — | — | — | 4,187 | |||||||||||||||||||||
| Other |
— | — | — | — | — | — | 103,931 | |||||||||||||||||||||
| Total expenses |
82,603 | 157,340 | 113,954 | 198,297 | 106,871 | 71,320 | 4,638,438 | |||||||||||||||||||||
| Net investment income |
556,841 | 1,076,462 | 457,277 | 497,966 | 557,523 | 283,776 | 980,383 | |||||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||||||
| Investment transactions |
(1,556,338 | ) | (5,212,516 | ) | (1,427,867 | ) | (2,180,652 | ) | (1,566,313 | ) | 467,710 | (6,235,913 | ) | |||||||||||||||
| In-kind redemptions |
3,403,012 | (507,857 | ) | 3,614,866 | 12,700,181 | — | — | — | ||||||||||||||||||||
| Foreign currency related transactions |
— | — | — | — | — | — | (755,586 | ) | ||||||||||||||||||||
| Net realized gain (loss) |
1,846,674 | (5,720,373 | ) | 2,186,999 | 10,519,529 | (1,566,313 | ) | 467,710 | (6,991,499 | ) | ||||||||||||||||||
| Net change in unrealized appreciation (depreciation) from: |
||||||||||||||||||||||||||||
| Investment transactions |
8,422,771 | 26,170,480 | 12,621,976 | 11,702,550 | 12,402,272 | 4,358,046 | 265,281,753 | |||||||||||||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
— | — | — | — | — | — | (20,543 | ) | ||||||||||||||||||||
| Net change in unrealized appreciation (depreciation) |
8,422,771 | 26,170,480 | 12,621,976 | 11,702,550 | 12,402,272 | 4,358,046 | 265,261,210 | |||||||||||||||||||||
| Net realized and unrealized gain on investments |
10,269,445 | 20,450,107 | 14,808,975 | 22,222,079 | 10,835,959 | 4,825,756 | 258,269,711 | |||||||||||||||||||||
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 10,826,286 | $ | 21,526,569 | $ | 15,266,252 | $ | 22,720,045 | $ | 11,393,482 | $ | 5,109,532 | $ | 259,250,094 | ||||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Low P/E Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree LargeCap Value Fund thereafter. |
| 2 | Net of foreign withholding tax of $0, $0, $8, $0, $0, $0 and $173,788, respectively. |
| 3 | IOPV—Indicative Optimized Portfolio Value—is the real time estimation of net asset value of Fund. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 63 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Domestic and International Earnings Funds
| WisdomTree Total Earnings Fund |
WisdomTree Earnings 500 Fund |
WisdomTree MidCap Earnings Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 556,841 | $ | 463,823 | $ | 1,076,462 | $ | 1,635,575 | $ | 457,277 | $ | 345,120 | ||||||||||||
| Net realized gain (loss) on investments |
1,846,674 | (4,122,614 | ) | (5,720,373 | ) | (15,355,729 | ) | 2,186,999 | (8,305,330 | ) | ||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
8,422,771 | (6,107,489 | ) | 26,170,480 | (21,261,215 | ) | 12,621,976 | (2,696,551 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
10,826,286 | (9,766,280 | ) | 21,526,569 | (34,981,369 | ) | 15,266,252 | (10,656,761 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(540,172 | ) | (459,975 | ) | (1,068,776 | ) | (1,621,994 | ) | (437,001 | ) | (345,011 | ) | ||||||||||||
| Total dividends |
(540,172 | ) | (459,975 | ) | (1,068,776 | ) | (1,621,994 | ) | (437,001 | ) | (345,011 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
44,987,988 | 10,876,508 | 22,083,885 | 51,903,655 | 44,315,521 | 9,527,012 | ||||||||||||||||||
| Cost of shares redeemed |
(23,996,614 | ) | (87 | ) | (24,833,003 | ) | (10,513,880 | ) | (19,245,249 | ) | (9,366,333 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
20,991,374 | 10,876,421 | (2,749,118 | ) | 41,389,775 | 25,070,272 | 160,679 | |||||||||||||||||
| Net Increase (Decrease) in Net Assets |
31,277,488 | 650,166 | 17,708,675 | 4,786,412 | 39,899,523 | (10,841,093 | ) | |||||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 16,511,495 | $ | 15,861,329 | $ | 59,713,591 | $ | 54,927,179 | $ | 14,406,177 | $ | 25,247,270 | ||||||||||||
| End of year |
$ | 47,788,983 | $ | 16,511,495 | $ | 77,422,266 | $ | 59,713,591 | $ | 54,305,700 | $ | 14,406,177 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 23,247 | $ | 8,240 | $ | 37,252 | $ | 29,566 | $ | 26,152 | $ | 5,222 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
600,000 | 350,002 | 2,150,000 | 1,200,002 | 550,000 | 600,002 | ||||||||||||||||||
| Shares created |
1,150,000 | 250,000 | 550,000 | 1,300,000 | 1,050,000 | 250,000 | ||||||||||||||||||
| Shares redeemed |
(600,000 | ) | (2 | ) | (800,000 | ) | (350,002 | ) | (450,000 | ) | (300,002 | ) | ||||||||||||
| Shares outstanding, end of year |
1,150,000 | 600,000 | 1,900,000 | 2,150,000 | 1,150,000 | 550,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 64 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Domestic and International Earnings Funds
| WisdomTree SmallCap Earnings Fund |
WisdomTree LargeCap Value Fund |
WisdomTree LargeCap Growth Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 20101 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Period December 4, 2008* through March 31, 2009 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 497,966 | $ | 248,299 | $ | 557,523 | $ | 617,984 | $ | 283,776 | $ | 22,365 | ||||||||||||
| Net realized gain (loss) on investments |
10,519,529 | (5,600,297 | ) | (1,566,313 | ) | (9,907,303 | ) | 467,710 | 222,081 | |||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
11,702,550 | (2,855,403 | ) | 12,402,272 | (3,805,769 | ) | 4,358,046 | (78,069 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
22,720,045 | (8,207,401 | ) | 11,393,482 | (13,095,088 | ) | 5,109,532 | 166,377 | ||||||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
||||||||||||||||||||||||
| Net investment income |
(411,568 | ) | (255,760 | ) | (551,890 | ) | (620,423 | ) | (278,334 | ) | (20,745 | ) | ||||||||||||
| Capital gains |
— | — | — | — | (492,811 | ) | — | |||||||||||||||||
| Total dividends and distributions |
(411,568 | ) | (255,760 | ) | (551,890 | ) | (620,423 | ) | (771,145 | ) | (20,745 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
112,678,960 | 14,663,798 | 3,715,635 | 15,738,329 | 9,010,172 | 14,314,630 | ||||||||||||||||||
| Cost of shares redeemed |
(53,628,954 | ) | (7,837,559 | ) | — | (5,356,254 | ) | (125 | ) | (5,324,232 | ) | |||||||||||||
| Net increase in net assets resulting from capital share transactions |
59,050,006 | 6,826,239 | 3,715,635 | 10,382,075 | 9,010,047 | 8,990,398 | ||||||||||||||||||
| Net Increase (Decrease) in Net Assets |
81,358,483 | (1,636,922 | ) | 14,557,227 | (3,333,436 | ) | 13,348,434 | 9,136,030 | ||||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of period |
$ | 13,947,639 | $ | 15,584,561 | $ | 20,606,886 | $ | 23,940,322 | $ | 9,136,130 | $ | 100 | ||||||||||||
| End of period |
$ | 95,306,122 | $ | 13,947,639 | $ | 35,164,113 | $ | 20,606,886 | $ | 22,484,564 | $ | 9,136,130 | ||||||||||||
| Undistributed net investment income included in net assets at end of period |
$ | 45,160 | $ | 7,113 | $ | 13,902 | $ | 7,570 | $ | 7,197 | $ | 1,763 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of period |
600,000 | 400,002 | 850,000 | 550,002 | 350,004 | 4 | ||||||||||||||||||
| Shares created |
2,850,000 | 450,000 | 100,000 | 450,000 | 300,000 | 550,000 | ||||||||||||||||||
| Shares redeemed |
(1,300,000 | ) | (250,002 | ) | — | (150,002 | ) | (4 | ) | (200,000 | ) | |||||||||||||
| Shares outstanding, end of period |
2,150,000 | 600,000 | 950,000 | 850,000 | 650,000 | 350,004 | ||||||||||||||||||
| * | Commencement of investment operations. |
| 1 | This information reflects the investment objective and strategy of the WisdomTree Low P/E Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree LargeCap Value Fund thereafter. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 65 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Domestic and International Earnings Funds
| WisdomTree India Earnings Fund (consolidated) |
||||||||
| For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||
| Net investment income |
$ | 980,383 | $ | 1,576,738 | ||||
| Net realized loss on investments |
(6,991,499 | ) | (58,840,054 | ) | ||||
| Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
265,261,210 | (101,061,368 | ) | |||||
| Net increase (decrease) in net assets resulting from operations |
259,250,094 | (158,324,684 | ) | |||||
| DIVIDENDS: |
||||||||
| Net investment income |
(1,343,522 | ) | (1,428,048 | ) | ||||
| Total dividends |
(1,343,522 | ) | (1,428,048 | ) | ||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||
| Net proceeds from sale of shares |
452,328,639 | 196,069,631 | ||||||
| Cost of shares redeemed |
(37,897,695 | ) | (29,661,633 | ) | ||||
| Net increase in net assets resulting from capital share transactions |
414,430,944 | 166,407,998 | ||||||
| Net Increase in Net Assets |
672,337,516 | 6,655,266 | ||||||
| NET ASSETS: |
||||||||
| Beginning of year |
$ | 169,195,242 | $ | 162,539,976 | ||||
| End of year |
$ | 841,532,758 | $ | 169,195,242 | ||||
| Undistributed (Distributions in excess) of net investment income included in net assets at end of year |
$ | 447,862 | $ | (71,898 | ) | |||
| SHARES CREATED AND REDEEMED: |
||||||||
| Shares outstanding, beginning of year |
15,400,000 | 7,200,004 | ||||||
| Shares created |
22,600,000 | 10,600,000 | ||||||
| Shares redeemed |
(1,800,000 | ) | (2,400,004 | ) | ||||
| Shares outstanding, end of year |
36,200,000 | 15,400,000 | ||||||
See Notes to Financial Statements.
| 66 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree Domestic and International Earnings Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Total Earnings Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period February 23, 2007* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 27.52 | $ | 45.32 | $ | 48.99 | $ | 49.97 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.70 | 0.87 | 0.85 | 0.11 | ||||||||||||
| Net realized and unrealized gain (loss) |
14.03 | (17.87 | ) | (3.56 | ) | (1.00 | ) | |||||||||
| Total from investment operations |
14.73 | (17.00 | ) | (2.71 | ) | (0.89 | ) | |||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(0.69 | ) | (0.80 | ) | (0.96 | ) | (0.09 | ) | ||||||||
| Total dividends to shareholders |
(0.69 | ) | (0.80 | ) | (0.96 | ) | (0.09 | ) | ||||||||
| Net asset value, end of period |
$ | 41.56 | $ | 27.52 | $ | 45.32 | $ | 48.99 | ||||||||
| TOTAL RETURN2 |
53.82 | % | (37.86 | )% | (5.69 | )% | (1.79 | )% | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 47,789 | $ | 16,511 | $ | 15,861 | $ | 24,497 | ||||||||
| Ratio to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.28 | % | 0.28 | % | 0.28 | % | 0.28 | %3 | ||||||||
| Expenses, prior to expense reimbursements |
0.28 | % | 0.28 | % | 0.28 | % | 0.35 | %3 | ||||||||
| Net investment income |
1.92 | % | 2.33 | % | 1.76 | % | 2.21 | %3 | ||||||||
| Portfolio turnover rate4 |
16 | % | 23 | % | 11 | % | 1 | % | ||||||||
| WisdomTree Earnings 500 Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period February 23, 2007* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 27.77 | $ | 45.77 | $ | 48.85 | $ | 49.77 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.68 | 0.91 | 0.94 | 0.11 | ||||||||||||
| Net realized and unrealized gain (loss) |
12.98 | (18.07 | ) | (3.18 | ) | (0.94 | ) | |||||||||
| Total from investment operations |
13.66 | (17.16 | ) | (2.24 | ) | (0.83 | ) | |||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(0.68 | ) | (0.84 | ) | (0.84 | ) | (0.09 | ) | ||||||||
| Total dividends to shareholders |
(0.68 | ) | (0.84 | ) | (0.84 | ) | (0.09 | ) | ||||||||
| Net asset value, end of period |
$ | 40.75 | $ | 27.77 | $ | 45.77 | $ | 48.85 | ||||||||
| TOTAL RETURN2 |
49.49 | % | (37.83 | )% | (4.72 | )% | (1.67 | )% | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 77,422 | $ | 59,714 | $ | 54,927 | $ | 19,538 | ||||||||
| Ratio to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.28 | % | 0.28 | % | 0.28 | % | 0.28 | %3 | ||||||||
| Expenses, prior to expense reimbursements |
0.28 | % | 0.28 | % | 0.28 | % | 0.37 | %3 | ||||||||
| Net investment income |
1.95 | % | 2.49 | % | 1.93 | % | 2.24 | %3 | ||||||||
| Portfolio turnover rate4 |
21 | % | 21 | % | 8 | % | 1 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 67 |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic and International Earnings Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree MidCap Earnings Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period February 23, 2007* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 26.19 | $ | 42.08 | $ | 48.77 | $ | 50.01 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.61 | 0.54 | 0.81 | 0.07 | ||||||||||||
| Net realized and unrealized gain (loss) |
20.92 | (15.88 | ) | (6.90 | ) | (1.25 | ) | |||||||||
| Total from investment operations |
21.53 | (15.34 | ) | (6.09 | ) | (1.18 | ) | |||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(0.50 | ) | (0.55 | ) | (0.60 | ) | (0.06 | ) | ||||||||
| Total dividends to shareholders |
(0.50 | ) | (0.55 | ) | (0.60 | ) | (0.06 | ) | ||||||||
| Net asset value, end of period |
$ | 47.22 | $ | 26.19 | $ | 42.08 | $ | 48.77 | ||||||||
| TOTAL RETURN2 |
82.49 | % | (36.73 | )% | (12.57 | )% | (2.37 | )% | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 54,306 | $ | 14,406 | $ | 25,247 | $ | 4,877 | ||||||||
| Ratio to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
| Expenses, prior to expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | % | 0.74 | %3 | ||||||||
| Net investment income |
1.54 | % | 1.49 | % | 1.70 | % | 1.47 | %3 | ||||||||
| Portfolio turnover rate4 |
19 | % | 39 | % | 45 | % | 0 | %5 | ||||||||
| WisdomTree SmallCap Earnings Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period February 23, 2007* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 23.25 | $ | 38.96 | $ | 48.03 | $ | 50.03 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.37 | 0.47 | 0.58 | 0.06 | ||||||||||||
| Net realized and unrealized gain (loss) |
20.96 | (15.64 | ) | (9.17 | ) | (2.02 | ) | |||||||||
| Total from investment operations |
21.33 | (15.17 | ) | (8.59 | ) | (1.96 | ) | |||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(0.25 | ) | (0.54 | ) | (0.48 | ) | (0.04 | ) | ||||||||
| Total dividends to shareholders |
(0.25 | ) | (0.54 | ) | (0.48 | ) | (0.04 | ) | ||||||||
| Net asset value, end of period |
$ | 44.33 | $ | 23.25 | $ | 38.96 | $ | 48.03 | ||||||||
| TOTAL RETURN2 |
91.88 | % | (39.31 | )% | (17.97 | )% | (3.92 | )% | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 95,306 | $ | 13,948 | $ | 15,585 | $ | 9,607 | ||||||||
| Ratio to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
| Expenses, prior to expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | % | 0.58 | %3 | ||||||||
| Net investment income |
0.97 | % | 1.49 | % | 1.28 | % | 1.39 | %3 | ||||||||
| Portfolio turnover rate4 |
16 | % | 51 | % | 37 | % | 0 | %5 | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 5 | Amount represents less than 1%. |
See Notes to Financial Statements.
| 68 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic and International Earnings Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree LargeCap Value Fund | For the Year Ended March 31, 2010** |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period February 23, 2007* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 24.24 | $ | 43.53 | $ | 49.06 | $ | 49.99 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.65 | 0.86 | 1.03 | 0.10 | ||||||||||||
| Net realized and unrealized gain (loss) |
12.75 | (19.33 | ) | (5.49 | ) | (0.95 | ) | |||||||||
| Total from investment operations |
13.40 | (18.47 | ) | (4.46 | ) | (0.85 | ) | |||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(0.63 | ) | (0.82 | ) | (1.07 | ) | (0.08 | ) | ||||||||
| Total dividends to shareholders |
(0.63 | ) | (0.82 | ) | (1.07 | ) | (0.08 | ) | ||||||||
| Net asset value, end of period |
$ | 37.01 | $ | 24.24 | $ | 43.53 | $ | 49.06 | ||||||||
| TOTAL RETURN2 |
55.57 | % | (42.87 | )% | (9.31 | )% | (1.69 | )% | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 35,164 | $ | 20,607 | $ | 23,940 | $ | 24,529 | ||||||||
| Ratio to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | % | 0.38 | %3 | ||||||||
| Expenses, prior to expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | % | 0.45 | %3 | ||||||||
| Net investment income |
2.01 | % | 2.60 | % | 2.10 | % | 1.98 | %3 | ||||||||
| Portfolio turnover rate4 |
71 | % | 54 | % | 20 | % | 1 | % | ||||||||
| * | Commencement of investment operations. |
| ** | This information reflects the investment objective and strategy of the WisdomTree Low P/E Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree LargeCap Value Fund thereafter. |
| 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. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 69 |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic and International Earnings Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree LargeCap Growth Fund | For the Year Ended March 31, 2010 |
For the Period December 4, 2008* through March 31, 2009 |
||||||
| Net asset value, beginning of period |
$ | 26.10 | $ | 25.28 | ||||
| Investment operations: |
||||||||
| Net investment income1 |
0.49 | 0.09 | ||||||
| Net realized and unrealized gain |
9.22 | 0.81 | ||||||
| Total from investment operations |
9.71 | 0.90 | ||||||
| Dividends and distributions to shareholders: |
||||||||
| Net investment income |
(0.46 | ) | (0.08 | ) | ||||
| Capital gains |
(0.76 | ) | — | |||||
| Total dividends and distributions to shareholders |
(1.22 | ) | (0.08 | ) | ||||
| Net asset value, end of period |
$ | 34.59 | $ | 26.10 | ||||
| TOTAL RETURN2 |
37.46 | % | 3.56 | % | ||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||
| Net assets, end of period (000’s omitted) |
$ | 22,485 | $ | 9,136 | ||||
| Ratio to average net assets of: |
||||||||
| Net expenses |
0.38 | % | 0.38 | %3 | ||||
| Net investment income |
1.53 | % | 1.26 | %3 | ||||
| Portfolio turnover rate4 |
44 | % | 1 | % | ||||
| * | Commencement of investment operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 70 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Financial Highlights (concluded)
WisdomTree Domestic and International Earnings Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree India Earnings Fund (consolidated) | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Period February 22, 2008* through March 31, 2008 |
|||||||||
| Net asset value, beginning of period |
$ | 10.99 | $ | 22.57 | $ | 24.94 | ||||||
| Investment operations: |
||||||||||||
| Net investment income (loss)1 |
0.04 | 0.12 | (0.01 | ) | ||||||||
| Net realized and unrealized gain (loss) |
12.27 | (11.60 | ) | (2.36 | ) | |||||||
| Total from investment operations |
12.31 | (11.48 | ) | (2.37 | ) | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.05 | ) | (0.10 | ) | — | |||||||
| Total dividends to shareholders |
(0.05 | ) | (0.10 | ) | — | |||||||
| Net asset value, end of period |
$ | 23.25 | $ | 10.99 | $ | 22.57 | ||||||
| TOTAL RETURN2 |
112.11 | % | (50.89 | )% | (9.50 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 841,533 | $ | 169,195 | $ | 162,540 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.88 | % | 0.88 | % | 0.88 | %3 | ||||||
| Expenses, prior to expense reimbursements |
0.88 | % | 0.92 | % | 2.10 | %3 | ||||||
| Net investment income (loss) |
0.19 | % | 0.77 | % | (0.41 | )%3 | ||||||
| Portfolio turnover rate4 |
33 | % | 42 | % | 0 | %5 | ||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 5 | Amount represents less than 1%. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 71 |
Table of Contents
March 31, 2010
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust pursuant to a Trust Instrument dated December 15, 2005. As of March 31, 2010, the Trust offered 42 investment funds (each a “Fund”, collectively, the “Funds”). The Funds described herein commenced operations on February 23, 2007, with the exception of the India Earnings Fund and LargeCap Growth Fund which commenced operations on February 22, 2008 and December 4, 2008, respectively.
These financial statements relate only to the WisdomTree Total Earnings Fund (“Total Earnings Fund”), WisdomTree Earnings 500 Fund (“Earnings 500 Fund”), WisdomTree MidCap Earnings Fund (“MidCap Earnings Fund”), WisdomTree SmallCap Earnings Fund (“SmallCap Earnings Fund”), WisdomTree LargeCap Value Fund (“LargeCap Value Fund”), WisdomTree LargeCap Growth Fund (“LargeCap Growth Fund”), and WisdomTree India Earnings Fund (“India Earnings Fund”), together the “Domestic and International Earnings Funds.” 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. The Portfolio is advised by WisdomTree Asset Management and is sub-advised by Mellon Capital Management Corporation, Inc. (“MCM”). For India Earnings Fund, the accompanying financial statements reflect the financial position of the Fund and the results of operations on a consolidated basis with the Portfolio. All inter-company accounts and transactions have been eliminated in consolidation. This structure should permit the India Earnings Fund to benefit from a tax treaty between India and Mauritius. Recently, the Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the treaty’s applicability to entities such as WisdomTree India Earnings Fund. No assurance can be given that the terms of the treaty will not be subject to re-negotiation in the future or subject to a different interpretation. Any change in the provision of this treaty or in its applicability to WisdomTree India Earnings Fund could result in the imposition of withholding and other taxes on the India Earnings Fund by tax authorities in India. This would reduce the return to the India Earnings Fund on its investments and the return received by India Earnings Fund shareholders. References to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.
Each Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). Each Fund described herein is considered to be non-diversified. The securities in each Index are weighted based on earnings or earnings yield.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) has become 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 Codification has superseded all existing non-SEC accounting and reporting standards.
Guarantees — 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 expect the risk of loss to be remote.
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 the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities 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 prices. Securities for which market quotations are not readily available are valued at fair value as determined by management and in accordance with procedures approved by the Board of Trustees. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
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 valued in accordance with the Fund’s pricing policy and procedures. 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 or 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).
| 72 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Notes to Financial Statements (continued)
Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be “fair valued.” 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. Transactions in Fund shares will be priced at NAV only if you purchase or redeem shares directly from a Fund in Creation Units, which are typically in blocks of 50,000 shares or more. Fund shares are purchased or sold on a national securities exchange at market prices, which may be higher or lower than NAV. Each Fund may invest in money market funds, which are valued at NAV.
Fair Value Measurement — GAAP provides guidance on fair value measurements. This standard defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosure about fair value measurements.
Various inputs are used in determining the value of the Fund’s investments. These inputs are 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 assumption in determining the fair value of 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; (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 net asset value is computed and that may materially affect the value of the Fund’s investments).
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
The following is a summary of the inputs used as of March 31, 2010 in valuing each Fund’s assets carried at fair value:
| Total Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 47,631,448 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 1,763,192 | — | |||||||||
| Total |
$ | 47,631,448 | $ | 1,763,192 | $ | — | ||||||
| Earnings 500 Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 77,207,510 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 1,954,952 | — | |||||||||
| Total |
$ | 77,207,510 | $ | 1,954,952 | $ | — | ||||||
| MidCap Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 54,176,599 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 8,817,557 | — | |||||||||
| Total |
$ | 54,176,599 | $ | 8,817,557 | $ | — | ||||||
| SmallCap Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 94,753,928 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 21,619,333 | — | |||||||||
| Total |
$ | 94,753,928 | $ | 21,619,333 | $ | — | ||||||
| WisdomTree Domestic and International Earnings Funds | 73 |
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Notes to Financial Statements (continued)
| LargeCap Value Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 34,992,902 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 952,848 | — | |||||||||
| Total |
$ | 34,992,902 | $ | 952,848 | $ | — | ||||||
| LargeCap Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 22,241,851 | $ | — | $ | — | ||||||
| India Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 840,925,927 | $ | — | $ | — | ||||||
| Rights |
— | 8,888 | — | |||||||||
| Total |
$ | 840,925,927 | $ | 8,888 | $ | — | ||||||
In January 2010, FASB issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU 2010-06 will require reporting entities to make new disclosures about amounts and reasons for significant transfers in and out of Level 1 and Level 2 fair value measurements as well as inputs and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements that fall in either Level 2 or Level 3, and information on purchases, sales, issuances and settlements on a gross basis in the reconciliation of activity in Level 3 fair value measurements. The new and revised disclosures are required to be implemented for fiscal years beginning after December 15, 2009, except for the disclosures surrounding purchases, sales, issuances and settlements on a gross basis in the reconciliation of Level 3 fair value measurements, which are effective for fiscal years beginning after December 15, 2010. Management is currently evaluating the impact the adoption of ASU No. 2010-06 may have on the Fund’s financial statement disclosures.
Derivative and Hedging Disclosure — GAAP 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 application of this disclosure is effective for fiscal years beginning November 15, 2008 and interim periods within those fiscal years. The Funds did not invest in derivative instruments for the fiscal year ended March 31, 2010.
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 is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premiums and discounts, is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates deemed appropriate by the investment adviser. Realized and unrealized foreign exchange gains or losses on investments are included as a component of net realized and unrealized gain or loss on foreign currency transactions 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 — WisdomTree Asset Management (“WTAM”) has agreed to pay all expenses of the Funds (other than the India Earnings Fund), 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s chief compliance officer; (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.
Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of chief compliance officer (“CCO”) services to the Funds, 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 service fee paid by each Fund of up to 0.0044% of each Fund’s average daily net assets.
| 74 | WisdomTree Domestic and International Earnings Funds |
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Notes to Financial Statements (continued)
Trustees fees, which are included in Service Fees on the Statements of Operations, of $361,436 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the fiscal year ended March 31, 2010. Expenses in excess of 0.0044% were paid by WTAM. WTAM has agreed to limit the total expenses of the India Earnings Fund to 0.88%. Due to the growth of Fund assets, India Earnings Fund’s operating expenses, as measured in basis points, did not exceed 0.88%.
Security Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Fund’s 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 collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. 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. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.
The securities lending income earned by the Funds is disclosed on the Statements of Operations.
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments in which a Fund may invest include short-term obligations issued by the U.S. Government, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
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. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. 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 Federal income tax regulations which may differ from GAAP. 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, which exceed earnings and profit for tax purposes, are reported as a tax return of capital. The India Earnings Fund has filed an election to treat the WisdomTree India Investment Portfolio, Inc. as a “pass-through” entity for tax purposes.
3. ADVISER FEES AND TRANSACTIONS
As investment adviser, WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM also arranges for sub-advisory, transfer agency, custody, fund administration, and all other non-distribution related services necessary for the Funds to operate. Under the Investment Advisory Agreement for each Fund (other than the India Earnings Fund), WTAM agrees to pay all expenses of the Funds, except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s CCO, interest expenses and taxes, brokerage expenses, and other expenses connected with the execution of portfolio transactions, any distribution fees or expenses, legal fees or expenses and extraordinary expenses. The Investment Advisory Agreement for the India Earnings Fund does not require WTAM to pay any Fund expenses, except sub-advisory fees.
Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund (other than the India Earnings 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 of up to 0.0044%. As of October 1, 2009, WTAM provides CCO services to the Trust. WTAM has agreed to limit net annual operating expenses for the India Earnings Fund to 0.88%. The fees paid to WTAM for providing advisory services are listed below.
| WisdomTree Domestic and International Earnings Funds | 75 |
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Notes to Financial Statements (continued)
| Fund | Fee Rate | |||
| Total Earnings Fund |
0.28 | % | ||
| Earnings 500 Fund |
0.28 | % | ||
| MidCap Earnings Fund |
0.38 | % | ||
| SmallCap Earnings Fund |
0.38 | % | ||
| LargeCap Value Fund |
0.38 | % | ||
| LargeCap Growth Fund |
0.38 | % | ||
| India Earnings Fund |
0.68 | % | ||
Each Fund may purchase shares of an affiliated exchange traded fund(s) in secondary market transactions. For the fiscal year ended March 31, 2010, there were no transactions in affiliated ETFs.
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2010, 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 designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying index and an amount of cash. The WisdomTree India Earnings Fund issues and redeems shares on a cash basis only. 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 in-kind purchases and redemptions and short-term investments) for the fiscal year ended March 31, 2010 were as follows:
| Fund | Purchases | Sales | ||||||
| Total Earnings Fund |
$ | 7,930,234 | $ | 4,706,486 | ||||
| Earnings 500 Fund |
16,991,117 | 11,751,798 | ||||||
| MidCap Earnings Fund |
24,390,581 | 5,483,342 | ||||||
| SmallCap Earnings Fund |
41,860,344 | 8,432,452 | ||||||
| LargeCap Value Fund |
19,567,007 | 19,640,105 | ||||||
| LargeCap Growth Fund |
8,148,299 | 8,721,516 | ||||||
| India Earnings Fund |
585,003,347 | 172,154,261 | ||||||
For the fiscal year ended March 31, 2010, the cost of in-kind purchases and the proceeds from in-kind redemptions were as follows:
| Fund | Purchases | Redemptions | ||||||
| Total Earnings Fund |
$ | 40,733,281 | $ | 22,987,404 | ||||
| Earnings 500 Fund |
16,172,397 | 23,770,791 | ||||||
| MidCap Earnings Fund |
25,040,226 | 18,908,305 | ||||||
| SmallCap Earnings Fund |
78,086,272 | 52,889,752 | ||||||
| LargeCap Value Fund |
3,701,018 | — | ||||||
| LargeCap Growth Fund |
8,869,970 | — | ||||||
| India Earnings Fund |
— | — | ||||||
Gains and losses on in-kind redemptions are not recognized at the Fund level for tax purposes.
| 76 | WisdomTree Domestic and International Earnings Funds |
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Notes to Financial Statements (continued)
6. FEDERAL INCOME TAXES
At March 31, 2010, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
| Fund | Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized Depreciation |
Net Unrealized Appreciation (Depreciation) |
||||||||||||
| Total Earnings Fund |
$ | 50,374,404 | $ | 1,538,623 | $ | (2,518,387 | ) | $ | (979,764 | ) | ||||||
| Earnings 500 Fund |
81,271,661 | 3,583,790 | (5,692,989 | ) | (2,109,199 | ) | ||||||||||
| MidCap Earnings Fund |
58,613,936 | 5,707,292 | (1,327,072 | ) | 4,380,220 | |||||||||||
| SmallCap Earnings Fund |
111,362,561 | 8,070,205 | (3,059,505 | ) | 5,010,700 | |||||||||||
| LargeCap Value Fund |
31,194,678 | 5,270,000 | (518,928 | ) | 4,751,072 | |||||||||||
| LargeCap Growth Fund |
17,974,550 | 4,300,327 | (33,026 | ) | 4,267,301 | |||||||||||
| India Earnings Fund |
725,312,085 | 140,543,045 | (24,920,315 | ) | 115,622,730 | |||||||||||
At March 31, 2010, the components of accumulated earning/loss on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income and Other Ordinary Losses |
Undistributed Capital and Other Gains/(Losses) |
Net Unrealized Appreciation (Depreciation) |
Currency (Depreciation) |
Total Accumulated Earnings/ (Losses) |
|||||||||||||||
| Total Earnings Fund |
$ | 23,247 | $ | (5,038,242 | ) | $ | (979,764 | ) | $ | — | $ | (5,994,759 | ) | |||||||
| Earnings 500 Fund |
37,252 | (16,907,536 | ) | (2,109,199 | ) | — | (18,979,483 | ) | ||||||||||||
| MidCap Earnings Fund |
26,152 | (9,229,419 | ) | 4,380,220 | — | (4,823,047 | ) | |||||||||||||
| SmallCap Earnings Fund |
45,160 | (8,206,920 | ) | 5,010,700 | — | (3,151,060 | ) | |||||||||||||
| LargeCap Value Fund |
13,902 | (12,277,266 | ) | 4,751,072 | — | (7,512,292 | ) | |||||||||||||
| LargeCap Growth Fund |
6,807 | (27,836 | ) | 4,267,301 | — | 4,246,272 | ||||||||||||||
| India Earnings Fund |
447,862 | (28,719,079 | ) | 115,622,730 | (4,561 | ) | 87,346,952 | |||||||||||||
The tax character of distributions paid during the period ended March 31, 2010 and the year ended March 31, 2009, was as follows:
| Year Ended March 31, 2010 |
Year Ended March 31, 2009 |
|||||||||||
| Fund | Distributions Paid from Ordinary Income* |
Distributions Paid from Long-Term Capital Gains |
Distributions Paid from Ordinary Income* |
|||||||||
| Total Earnings Fund |
$ | 540,172 | $ | — | $ | 459,975 | ||||||
| Earnings 500 Fund |
1,068,776 | — | 1,621,994 | |||||||||
| MidCap Earnings Fund |
437,001 | — | 345,011 | |||||||||
| SmallCap Earnings Fund |
411,568 | — | 255,760 | |||||||||
| LargeCap Value Fund |
551,890 | — | 620,423 | |||||||||
| LargeCap Growth Fund |
770,937 | 208 | 20,745 | |||||||||
| India Earnings Fund |
1,343,522 | — | 1,428,048 | |||||||||
| * | Includes short-term capital gains. |
At March 31, 2010, for Federal income tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
| Fund | Capital Loss Available Through 2016 |
Capital Loss Available Through 2017 |
Capital Loss Available Through 2018 |
Capital Loss Available Total |
||||||||||||
| Total Earnings Fund |
$ | 133,369 | $ | 451,951 | $ | 3,393,418 | $ | 3,978,738 | ||||||||
| Earnings 500 Fund |
194,476 | 1,286,040 | 10,811,338 | 12,291,854 | ||||||||||||
| MidCap Earnings Fund |
354,730 | 1,545,771 | 6,328,159 | 8,228,660 | ||||||||||||
| SmallCap Earnings Fund |
31,705 | 1,465,208 | 4,654,874 | 6,151,787 | ||||||||||||
| LargeCap Value Fund |
281,843 | 1,085,926 | 10,909,497 | 12,277,266 | ||||||||||||
| LargeCap Growth Fund |
— | — | — | — | ||||||||||||
| India Earnings Fund |
1,179 | 20,567,350 | 7,978,486 | 28,547,015 | ||||||||||||
| WisdomTree Domestic and International Earnings Funds | 77 |
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Notes to Financial Statements (concluded)
Capital and currency losses incurred after October 31 (“post-October capital losses”) and 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, 2010, the following Funds incurred and will elect to defer net post-October capital and currency losses as follows:
| Fund | Post-October Capital Losses |
Post-October Currency Losses |
||||||
| Total Earnings Fund |
$ | 1,059,504 | $ | — | ||||
| Earnings 500 Fund |
4,615,682 | — | ||||||
| MidCap Earnings Fund |
1,000,759 | — | ||||||
| SmallCap Earnings Fund |
2,055,133 | — | ||||||
| LargeCap Value Fund |
— | — | ||||||
| LargeCap Growth Fund |
27,836 | — | ||||||
| India Earnings Fund |
172,064 | — | ||||||
At March 31, 2010, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:
| Fund | Undistributed Net Investment Income/(Loss) |
Accumulated Net Realized Gain/(Loss) |
Paid-in Capital | |||||||||
| Total Earnings Fund |
$ | (1,662 | ) | $ | (3,034,061 | ) | $ | 3,035,723 | ||||
| Earnings 500 Fund |
— | 2,457,148 | (2,457,148 | ) | ||||||||
| MidCap Earnings Fund |
654 | (3,583,995 | ) | 3,583,341 | ||||||||
| SmallCap Earnings Fund |
(48,351 | ) | (12,443,898 | ) | 12,492,249 | |||||||
| LargeCap Value Fund |
699 | (698 | ) | (1 | ) | |||||||
| LargeCap Growth Fund |
(8 | ) | 9 | (1 | ) | |||||||
| India Earnings Fund |
882,899 | (859,030 | ) | (23,869 | ) | |||||||
These differences are primarily due to redemptions-in-kind and the tax treatment of income earned from investments in partnerships and/or foreign currency transactions.
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, 2010, the Funds did not have any liabilities for unrecognized tax benefits. 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 U.S. Internal Revenue Service, New York, and various states. Generally, each of the tax years in the four year period ended March 31, 2010, remains subject to examination by taxing authorities.
7. SUBSEQUENT EVENT
In accordance with GAAP provisions, management of the Funds has evaluated the possibility of subsequent events existing in the Funds’ financial statements through the date the financial statements were issued. Management has determined that there are no material events that would require disclosure in the Funds’ financial statements.
| 78 | WisdomTree Domestic and International Earnings Funds |
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Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying consolidated statements of assets and liabilities, including the consolidated schedules of investments, of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree LargeCap Value Fund, WisdomTree LargeCap Growth Fund, and WisdomTree India Earnings Fund (seven of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2010, and the related consolidated statements of operations, the consolidated statements of changes in net assets and the financial highlights for each of the periods indicated therein. These consolidated financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these consolidated financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, 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. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2010, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree LargeCap Value Fund, WisdomTree LargeCap Growth Fund, and WisdomTree India Earnings Fund of WisdomTree Trust at March 31, 2010, the results of their operations, the changes in their net assets and the financial highlights for each of the indicated periods, in conformity with U.S. generally accepted accounting principles.
New York, New York
May 26, 2010
| WisdomTree Domestic and International Earnings Funds | 79 |
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Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)
Approval of Investment Advisory Agreement. The Trust and the Investment Adviser have entered into an investment advisory agreement covering each Fund discussed herein. At a meeting held on March 19, 2010, the Board of Trustees re-approved the Investment Advisory Agreement for each Fund. The Board reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality and extent of the services to be provided to the Funds by WTAM; (ii) the performance of the Funds; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationship with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; (v) whether the fee levels reflect these economies of scale for the benefit of investors; and(vi) the fees charged by the Investment Adviser for non-registered funds.
The Board also considered the nature and quality of the services to be provided by WTAM to the Funds, recognizing WTAM’s operational capabilities and resources. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Advisers and oversight of the Sub-Advisers’ compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.
The Board gave substantial consideration to the fees payable under the Advisory Agreement. In this connection, the Board evaluated WTAM’s anticipated costs and profitability in serving as investment adviser to the Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Adviser. The Board also examined the fees to be paid by each Fund in light of fees paid to other investment managers by comparable funds and the method of computing each Fund’s fee. After comparing the fees with those of comparable funds and in light of the quality and extent of services to be provided and the costs anticipated to be incurred by WTAM, the Board concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable. The Board also re-approved the Sub-Advisory Agreement between WTAM and Mellon Capital Management (“MCM”), on behalf of each Fund, using essentially the same criteria it used in connection with the Advisory Agreement. The Board considered MCM’s operational capabilities and resources and MCM’s experience in serving as an adviser to ETFs, noting that MCM currently provides investment advisory and management services to other ETFs. The Board considered the investment performance of the Funds, and the expertise and performance of the MCM personnel. The Board also noted that Bank of New York Mellon Corporation, an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian, transfer agent and securities lending agent and receives compensation for acting in these capacities and is responsible for, among other things, coordinating the Funds’ audits, financial statements and tax returns, managing expenses and budgeting for the Funds, processing trades on behalf of each Fund and custodying Fund assets. As such, the Board concluded that the benefits accruing to MCM and its affiliates by virtue of their relationship to the Trust are reasonable and fair in comparison with the anticipated costs of providing the relevant services. The Board noted that WTAM, not the Funds, pays the fees to MCM under the Sub-Advisory Agreement for each Fund.
Based on these considerations and the overall high quality of the personnel, operations, financial condition, investment advisory capabilities, methodologies, and performance of WTAM and MCM, the Board determined that the re-approval of the Advisory Agreements and the Sub-Advisory Agreements was in the best interests of each Fund. After full consideration of these and other factors, the Board, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Advisory Agreements and Sub-Advisory Agreements.
| 80 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net asset value (“NAV”) of each Fund and the market trading price of shares of each Fund. For these purposes, the “market price” is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. The term “premium” is sometimes used to describe a market price in excess of NAV and the term “discount” is sometimes used to describe a market price below NAV. The chart presents information about the size and frequency of premiums or discounts. As with other exchange traded funds, the market price of Fund shares is typically slightly higher or lower than the Fund’s per share NAV. Factors that contribute to the differences between market price and NAV include the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may contribute to differences between the NAV and market price of Fund shares. Many non-U.S. markets close prior to the close of the U.S. securities exchanges. Developments after the close of such markets as a result of ongoing price discovery may be reflected in a Fund’s market price but not in its NAV (or vice versa).
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree Total Earnings Fund |
||||||||||||||||||||
| February 23, 2007 – March 31, 2010 |
0 – 24.9 | 313 | 37.13 | % | 464 | 55.04 | % | |||||||||||||
| 25 – 49.9 | 17 | 2.02 | % | 27 | 3.20 | % | ||||||||||||||
| 50 – 74.9 | 3 | 0.36 | % | 7 | 0.83 | % | ||||||||||||||
| 75 – 99.9 | 5 | 0.59 | % | 0 | 0.00 | % | ||||||||||||||
| 100 – 124.9 | 0 | 0.00 | % | 1 | 0.12 | % | ||||||||||||||
| 125 – 174.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 175 – 199.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 0 | 0.00 | % | 1 | 0.12 | % | ||||||||||||||
| >250 | 4 | 0.47 | % | 1 | 0.12 | % | ||||||||||||||
| Total | 342 | 40.57 | % | 501 | 59.43 | % | ||||||||||||||
| WisdomTree Earnings 500 Fund |
||||||||||||||||||||
| February 23, 2007 – March 31, 2010 |
0 – 24.9 | 301 | 35.70 | % | 461 | 54.69 | % | |||||||||||||
| 25 – 49.9 | 19 | 2.25 | % | 38 | 4.51 | % | ||||||||||||||
| 50 – 74.9 | 3 | 0.36 | % | 6 | 0.71 | % | ||||||||||||||
| 75 – 99.9 | 5 | 0.59 | % | 4 | 0.47 | % | ||||||||||||||
| 100 – 124.9 | 3 | 0.36 | % | 0 | 0.00 | % | ||||||||||||||
| 125 – 174.9 | 1 | 0.12 | % | 1 | 0.12 | % | ||||||||||||||
| 175 – 199.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| >250 | 1 | 0.12 | % | 0 | 0.00 | % | ||||||||||||||
| Total | 333 | 39.50 | % | 510 | 60.50 | % | ||||||||||||||
| WisdomTree MidCap Earnings Fund |
||||||||||||||||||||
| February 23, 2007 – March 31, 2010 |
0 – 24.9 | 396 | 46.98 | % | 355 | 42.10 | % | |||||||||||||
| 25 – 49.9 | 20 | 2.37 | % | 38 | 4.51 | % | ||||||||||||||
| 50 – 74.9 | 6 | 0.71 | % | 13 | 1.54 | % | ||||||||||||||
| 75 – 99.9 | 4 | 0.47 | % | 1 | 0.12 | % | ||||||||||||||
| 100 – 124.9 | 2 | 0.24 | % | 3 | 0.36 | % | ||||||||||||||
| 125 – 174.9 | 1 | 0.12 | % | 2 | 0.24 | % | ||||||||||||||
| 175 – 199.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 0 | 0.00 | % | 1 | 0.12 | % | ||||||||||||||
| >250 | 0 | 0.00 | % | 1 | 0.12 | % | ||||||||||||||
| Total | 429 | 50.89 | % | 414 | 49.11 | % | ||||||||||||||
| WisdomTree Domestic and International Earnings Funds | 81 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (continued)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree SmallCap Earnings Fund |
||||||||||||||||||||
| February 23, 2007 – March 31, 2010 |
0 – 24.9 | 388 | 46.02 | % | 295 | 34.99 | % | |||||||||||||
| 25 – 49.9 | 64 | 7.59 | % | 48 | 5.69 | % | ||||||||||||||
| 50 – 74.9 | 13 | 1.54 | % | 8 | 0.95 | % | ||||||||||||||
| 75 – 99.9 | 3 | 0.36 | % | 1 | 0.12 | % | ||||||||||||||
| 100 – 124.9 | 4 | 0.47 | % | 10 | 1.19 | % | ||||||||||||||
| 125 – 174.9 | 1 | 0.12 | % | 1 | 0.12 | % | ||||||||||||||
| 175 – 199.9 | 1 | 0.12 | % | 1 | 0.12 | % | ||||||||||||||
| 200 – 249.9 | 2 | 0.24 | % | 0 | 0.00 | % | ||||||||||||||
| >250 | 2 | 0.24 | % | 1 | 0.12 | % | ||||||||||||||
| Total | 478 | 56.70 | % | 365 | 43.30 | % | ||||||||||||||
| WisdomTree LargeCap Value Fund |
||||||||||||||||||||
| February 23, 2007 – March 31, 2010 |
0 – 24.9 | 299 | 35.46 | % | 444 | 52.66 | % | |||||||||||||
| 25 – 49.9 | 18 | 2.14 | % | 31 | 3.68 | % | ||||||||||||||
| 50 – 74.9 | 10 | 1.19 | % | 7 | 0.83 | % | ||||||||||||||
| 75 – 99.9 | 9 | 1.07 | % | 4 | 0.47 | % | ||||||||||||||
| 100 – 124.9 | 5 | 0.59 | % | 2 | 0.24 | % | ||||||||||||||
| 125 – 174.9 | 2 | 0.24 | % | 2 | 0.24 | % | ||||||||||||||
| 175 – 199.9 | 1 | 0.12 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 2 | 0.24 | % | 0 | 0.00 | % | ||||||||||||||
| >250 | 6 | 0.71 | % | 1 | 0.12 | % | ||||||||||||||
| Total | 352 | 41.76 | % | 491 | 58.24 | % | ||||||||||||||
| WisdomTree LargeCap Growth Fund |
||||||||||||||||||||
| December 4, 2008 – March 31, 2010 |
0 – 24.9 | 202 | 51.40 | % | 169 | 43.01 | % | |||||||||||||
| 25 – 49.9 | 9 | 2.29 | % | 7 | 1.78 | % | ||||||||||||||
| 50 – 74.9 | 0 | 0.00 | % | 1 | 0.25 | % | ||||||||||||||
| 75 – 99.9 | 4 | 1.02 | % | 0 | 0.00 | % | ||||||||||||||
| 100 – 124.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 125 – 174.9 | 0 | 0.00 | % | 1 | 0.25 | % | ||||||||||||||
| 175 – 199.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| >250 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| Total | 215 | 54.71 | % | 178 | 45.29 | % | ||||||||||||||
| WisdomTree India Earnings Fund |
||||||||||||||||||||
| February 22, 2008 – March 31, 2010 |
0 – 24.9 | 33 | 5.57 | % | 36 | 6.08 | % | |||||||||||||
| 25 – 49.9 | 49 | 8.28 | % | 32 | 5.41 | % | ||||||||||||||
| 50 – 74.9 | 47 | 7.94 | % | 28 | 4.73 | % | ||||||||||||||
| 75 – 99.9 | 46 | 7.77 | % | 24 | 4.05 | % | ||||||||||||||
| 100 – 124.9 | 46 | 7.77 | % | 20 | 3.38 | % | ||||||||||||||
| 125 – 174.9 | 38 | 6.42 | % | 27 | 4.56 | % | ||||||||||||||
| 175 – 199.9 | 24 | 4.05 | % | 16 | 2.70 | % | ||||||||||||||
| 200 – 249.9 | 30 | 5.07 | % | 22 | 3.72 | % | ||||||||||||||
| >250 | 42 | 7.09 | % | 32 | 5.41 | % | ||||||||||||||
| Total | 355 | 59.96 | % | 237 | 40.04 | % | ||||||||||||||
| * | Basis point (bps), is a unit that is equal to 1/100th of 1%. |
| 82 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Trustee and Officer Information (unaudited)
The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WisdomTree Asset Management and other service providers. 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., 380 Madison Avenue, 21st Floor, New York, NY 10017.
Interested Trustee and Officers
| Name (year of birth) |
Position |
Term of Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee/Officer+ |
Other Directorships | |||||||
| Jonathan Steinberg (1964) |
Trustee, President* | Trustee and Officer since 2005 |
President, WisdomTree Trust since 2005; Chief Executive Officer of WisdomTree Investments, Inc. and Director of WisdomTree Investments, Inc. since 1989. | 42 | None. | |||||||
| Amit Muni (1969) |
Treasurer*, Assistant Secretary* | Officer since 2008 |
Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. since March 2008; International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer from 2003 to 2008. | 42 | None. | |||||||
| Richard Morris (1967) |
Secretary*, Chief Legal Officer* | Officer since 2005 |
General Counsel of WisdomTree Asset Management since 2009; Deputy Counsel of WisdomTree Investments, Inc. since 2005; Senior Counsel at Barclays Global Investors, N. A. from 2002 to 2005. | 42 | None. | |||||||
| + | As of March 31, 2010. |
| * | Elected by and serves at the pleasure of the Board of Trustees |
| WisdomTree Domestic and International Earnings Funds | 83 |
Table of Contents
Trustee and Officer Information (unaudited) (concluded)
Independent Trustees
| Name |
Position |
Term of Office and Length of |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee+ |
Other Directorships Held by Trustee | |||||||
| Gregory Barton (1961)* | Trustee | Trustee since 2006 |
Executive Vice President of Business and Legal Affairs, General Counsel and Secretary of TheStreet.com, 2009 to present; General Counsel of Martha Stewart Living Omnimedia, Inc. from 2007 to 2008; Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2004 to 2007; Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2002 to 2004; President from 2001 to 2002, Chief Financial Officer from 2000 to 2002, Vice President of Business Development from 1999 to 2001 and General Counsel and Secretary from 1998 to 2002 of WisdomTree Investments, Inc. | 42 | None. | |||||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 |
Dean Emerita at University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 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. | 42 | None. | |||||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees | Trustee since 2006 |
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 1991 to 2004. | 42 | Trustee on Board of Trustees of Naismith Memorial Basketball Hall of Fame; Member of the Board of Overseers of Stanford University’s Hoover Institution. | |||||||
| + | As of March 31, 2010. |
| * | Chair of the Audit Committee. |
| ** | Chair of the Governance and Nominating Committee. |
| 84 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds fiscal year ended March 31, 2010, 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 2011.
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, 2010, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income |
|||
| Total Earnings Fund |
$ | 540,173 | ||
| Earnings 500 Fund |
1,068,776 | |||
| MidCap Earnings Fund |
437,001 | |||
| SmallCap Earnings Fund |
411,374 | |||
| LargeCap Value Fund |
551,890 | |||
| LargeCap Growth Fund |
342,333 | |||
| India Earnings Fund |
1,514,900 | |||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2010, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction |
|||
| Total Earnings Fund |
100.00 | % | ||
| Earnings 500 Fund |
100.00 | |||
| MidCap Earnings Fund |
100.00 | |||
| SmallCap Earnings Fund |
99.95 | |||
| LargeCap Value Fund |
100.00 | |||
| LargeCap Growth Fund |
44.40 | |||
| India Earnings Fund |
N/A | |||
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income |
Foreign Taxes Paid |
||||||
| Total Earnings Fund |
$ | — | $ | — | ||||
| Earnings 500 Fund |
— | — | ||||||
| MidCap Earnings Fund |
— | — | ||||||
| SmallCap Earnings Fund |
— | — | ||||||
| LargeCap Value Fund |
— | — | ||||||
| LargeCap Growth Fund |
— | — | ||||||
| India Earnings Fund |
5,576,739 | 171,378 | ||||||
| WisdomTree Domestic and International Earnings Funds | 85 |
Table of Contents
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained by calling 866-909-9473; or writing to: WisdomTree Trust, c/o ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203.
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 Securities and Exchange Commission (“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 866-909-9473 or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, upon request on the SEC’s website at www.sec.gov and are also available by calling the Trust at 1-866-909-WISE. You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330); (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The Fund’s 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.
| 86 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols as of March 31, 2010:
| WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA Equity Income Fund (DTH)
WisdomTree Global Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree World ex-U.S. Growth Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Emerging Markets Equity Income Fund (DEM)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree International Hedged Equity Fund (HEDJ) |
WisdomTree International Dividend Sector Funds
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree International Real Estate Fund (DRW)
WisdomTree Domestic and International Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree LargeCap Growth Fund (ROI)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Income Funds
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Emerging Currency Fund (CEW)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Japanese Yen Fund (JYF)
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)
WisdomTree Dreyfus South African Rand Fund (SZR) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission (“SEC”) as series of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, or 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 can not invest directly in an index.
There are risks associated with investing including possible loss of principal. In addition to the normal risks of investing, 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 increase the impact of events and developments associated with the region which can adversely affect performance. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility. Investments in emerging frontier markets are generally less liquid and less efficient than developed markets. Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk and the effect of varied economic conditions. Derivatives can be volatile and may be less liquid than other securities. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting issuers. Unlike typical exchange-traded funds, there are no indexes that the currency funds attempt to track or replicate. Thus, the ability of the currency Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Please read the Funds’ prospectus for specific details regarding each 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 in large amounts of 50,000 shares or more.
Table of Contents
380 Madison Avenue, 21st Floor
New York, NY 10017
1.866.909.WISE (9473)
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WisdomTree Earnings ETFs
WisdomTree Total Earnings Fund
WisdomTree Earnings 500 Fund
WisdomTree MidCap Earnings Fund
WisdomTree SmallCap Earnings Fund
WisdomTree LargeCap Value Fund
WisdomTree LargeCap Growth Fund
WisdomTree India Earnings Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS002527 (05/2011)
Table of Contents
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International Dividend and Sector Funds
Annual Report
March 31, 2010
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA Equity Income Fund (DTH)
WisdomTree Global Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree World ex-U.S. Growth Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Emerging Markets Equity Income Fund (DEM)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree International Hedged Equity Fund (HEDJ)
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree International Real Estate Fund (DRW)
Table of Contents
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| Schedules of Investments | ||||
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| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
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“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the Trust.
1
Table of Contents
Management’s Discussion of Funds’ Performance
(unaudited)
International Dividend and Sector Funds
The international equity markets, measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, rallied 54.44% in the 12-months that ended March 31, 2010 (the “period”). This large rally in the markets did not quite make up for the vicious declines that sent the MSCI EAFE Index down 46.51% for the 12-months ended March 31, 2009. As of the Funds’ fiscal year-end, the MSCI EAFE Index still had losses of 17.38% cumulatively on a 2-year basis. An improving global economy, led by emerging market nations, created expectations of improved earnings for international equities both this year and beyond.
On a regional basis, international returns were greatly impacted by the returns of non-U.S. currencies relative to the U.S. dollar. The Australian dollar led all the currencies in the EAFE region, with a gain of 33%. The euro gained 2% and the yen and British pound each gained about 6%. These gains magnified returns, especially for Australian equities and the Pacific ex-Japan region, where Australia comprises a large share of the Pacific ex-Japan regional indexes.
| Ticker | WisdomTree Fund | 1 Year Return |
Capitalization-Weighted Benchmark Index |
1 Year Return |
1 Year Return Fund vs Index | |||||
| DNH |
WisdomTree Pacific ex-Japan Equity Income Fund | 93.79% | MSCI Pacific ex-Japan Value Index | 86.29% | 7.50% | |||||
| DGS |
WisdomTree Emerging Markets SmallCap Dividend Fund | 86.26% | MSCI Emerging Markets Small Cap Index | 118.10% | -31.84% | |||||
| DBN |
WisdomTree International Basic Materials Sector Fund | 83.44% | S&P Developed ex-U.S. BMI Materials Sector Index | 80.66% | 2.78% | |||||
| DRW |
WisdomTree International Real Estate Fund | 74.20% | Dow Jones Global ex-U.S. Select Real Estate Securities Index | 69.22% | 4.98% | |||||
| DFE |
WisdomTree Europe SmallCap Dividend Fund | 74.18% | MSCI Europe Small Cap Index | 82.91% | -8.73% | |||||
| DEM |
WisdomTree Emerging Markets Equity Income Fund | 73.33% | MSCI Emerging Markets Index | 81.08% | -7.75% | |||||
| DND |
WisdomTree Pacific ex-Japan Total Dividend Fund | 70.97% | MSCI Pacific ex-Japan Index | 82.20% | -11.23% | |||||
| DLS |
WisdomTree International SmallCap Dividend Fund | 66.50% | MSCI EAFE Small Cap Index | 70.02% | -3.52% | |||||
| DEW |
WisdomTree Global Equity Income Fund | 62.13% | Spliced Cap-Weighted Benchmark Index1 | 67.94% | -5.81% | |||||
| DIM |
WisdomTree International MidCap Dividend Fund | 59.59% | MSCI EAFE Mid Cap Index | 57.25% | 2.34% | |||||
| DOO |
WisdomTree International Dividend ex-Financials Fund | 56.27% | MSCI EAFE Value Index | 58.52% | -2.25% | |||||
| DTH |
WisdomTree DEFA Equity Income Fund | 53.57% | MSCI EAFE Value Index | 58.52% | -4.95% | |||||
| DWM |
WisdomTree DEFA Fund | 51.43% | MSCI EAFE Index | 54.44% | -3.01% | |||||
| DOL |
WisdomTree International LargeCap Dividend Fund | 49.56% | MSCI EAFE Index | 54.44% | -4.88% | |||||
| DNL |
WisdomTree World ex-U.S. Growth Fund | 46.04% | Spliced Cap-Weighted Benchmark Index2 | 58.32% | -12.28% | |||||
| DKA |
WisdomTree International Energy Sector Fund | 37.29% | S&P Developed ex-U.S. BMI Energy Sector Index | 49.63% | -12.34% | |||||
| GULF |
WisdomTree Middle East Dividend Fund | 35.25% | MSCI Arabian Markets ex Saudi Arabia Index | 42.02% | -6.77% | |||||
| DFJ |
WisdomTree Japan SmallCap Dividend Fund | 34.37% | MSCI Japan Small Cap Index | 34.24% | 0.13% | |||||
| DXJ |
WisdomTree Japan Total Dividend Fund | 33.33% | MSCI Japan Index | 37.87% | -4.54% | |||||
| DBU |
WisdomTree International Utilities Sector Fund | 26.42% | S&P Developed ex-U.S. BMI Utilities Sector Index | 28.93% | -2.51% |
WisdomTree International Hedged Equity Fund (HEDJ) did not have one full year’s worth of returns as it was launched on December 31, 2009.
| 2 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Management’s Discussion of Funds’ Performance
(unaudited) (concluded)
WisdomTree’s international dividend weighted funds are designed to track indexes based on the dividend stream generated by the companies included in the index. There are two primary factors that drive performance differentials versus market cap-weighted benchmarks: aggregate exposure to a sector or country and stock selection within a sector or country, both of which are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather they are objectively determined at the re-balancing dates based on the dividend stream.
The Pacific ex-Japan Equity Income Fund (DNH) had a percentage of its assets invested in Australia and was the Trust’s best performing fund during the period. The Fund’s returns were largely driven by the 33% gains in the Australian dollar discussed above. Australian financial stocks, in particular, which comprised nearly half of the fund, performed well during this period.
As with the downturn, in which small cap stocks led the broader markets on the way down during the year ended March 31, 2009, small cap stocks led the markets higher during the year ended March 31, 2010. The perceived tendency of small cap stocks to out-perform larger capitalization companies during the initial recovery phases of a bull market and their relative underperformance in recessions and bear markets is tied to many investors’ views that small cap stocks are more sensitive to the changing economic conditions than large capitalization stocks. This general tendency was played out during the period as many small cap stocks saw significant relative gains.
On a regional basis, the WisdomTree Emerging Markets SmallCap Fund (DGS) was the Trust’s second best performing Fund over the period, with the emerging market nations leading the global recovery. Consistent with that small cap theme, WisdomTree’s International SmallCap Dividend Fund (DLS) significantly out-performed the International LargeCap Dividend Fund (DOL).
The Japanese equity markets lagged the broader international markets, as Japan was one of the worst performing equity markets in the developed world. Japanese companies were plagued by the strength of the Japanese yen, which hurt exports and the competitiveness of Japanese companies.
WisdomTree’s international fund with the lowest performance in the period was the International Utilities Sector Fund (DBU). Utilities are viewed as being less cyclical and less tied to a global economic recovery, so these stocks typically lag the market during strong up trends.
Of WisdomTree’s four international sector funds, two dramatically out-performed the broad international markets. The two sectors that out-performed were international real estate and basic materials, while international energy and utilities companies lagged the broader international market. Real estate and materials stocks declined more during the downturn, and correspondingly reversed and sprang back up more in the upturn. Stagnating profits in the energy sector caused investors to become less enthusiastic about this sector.
The views expressed in this report reflect those of WisdomTree Asset Management only through the end of the period of the report as stated on the cover. The portfolio managers’ views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Past performance is no guarantee of future results.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 27-29 for the list of index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore index returns do not reflect deductions for fees or expenses and are 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 that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month end performance information visit www.wisdomtree.com.
| WisdomTree International Dividend and Sector Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree DEFA Fund (DWM)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| BP PLC |
2.4% | |||
| HSBC Holdings PLC |
1.6% | |||
| Banco Santander S.A. |
1.6% | |||
| TOTAL S.A. |
1.5% | |||
| Vodafone Group PLC |
1.4% | |||
| ENI SpA |
1.4% | |||
| China Mobile Ltd. |
1.3% | |||
| Telefonica S.A. |
1.3% | |||
| Nestle S.A. |
1.3% | |||
| Novartis AG |
1.2% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Dividend Index of Europe, Far East Asia and Australasia (DEFA) Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index of Europe, Far East Asia and Australasia (WisdomTree DEFA Index). The Fund currently seeks to achieve its investment objective by investing substantially all of its assets directly in the stocks that make up its underlying index.
The WisdomTree DEFA Fund (Ticker Symbol: DWM) returned 51.43% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). For much of the period, the Fund operated as a “fund of funds” comprised of three WisdomTree ETFs: WisdomTree Europe Total Dividend Fund (DEB), WisdomTree Pacific ex-Japan Total Dividend Fund (DND) and the WisdomTree Japan Total Dividend Fund (DXJ). The fund of funds structure was unwound at the end of January, 2010. The Fund now holds individual securities. The Fund benefited from an underweighted position to Japan, which had below average return. This underweighting had a notable contribution to performance. The Untied Kingdom created drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value | Fund Market Price | WisdomTree DEFA Index |
MSCI EAFE Index | |||||||||||||
| One Year |
51.43 | % | 51.83 | % | 52.90 | % | 54.44 | % | ||||||||
| Three Year |
-6.98 | % | -7.12 | % | -6.38 | % | -7.02 | % | ||||||||
| Since Inception1 |
0.99 | % | 1.01 | % | 1.74 | % | 0.22 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The Investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 4 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree DEFA Equity Income Fund (DTH)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| BP PLC |
4.1% | |||
| HSBC Holdings PLC |
2.7% | |||
| TOTAL S.A. |
2.7% | |||
| Banco Santander S.A. |
2.5% | |||
| Vodafone Group PLC |
2.4% | |||
| ENI SpA |
2.3% | |||
| Telefonica S.A. |
2.3% | |||
| Novartis AG |
2.1% | |||
| Royal Dutch Shell PLC Class A |
1.9% | |||
| Deutsche Telekom AG |
1.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree DEFA Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree DEFA Equity Income Index.
The WisdomTree DEFA Equity Income Fund (Ticker Symbol: DTH) returned 53.57% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to Japan, which lagged international peers. This underweighting had a significant contribution to positive Fund performance. The United Kingdom created a drag on performance and an overweight to Italy, which underperformed its peers, also created a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value | Fund Market Price | WisdomTree DEFA Equity Income Index |
MSCI EAFE Value Index |
|||||||||||||
| One Year |
53.57 | % | 52.85 | % | 54.86 | % | 58.52 | % | ||||||||
| Three Year |
-8.23 | % | -8.68 | % | -7.52 | % | -8.40 | % | ||||||||
| Since Inception1 |
-0.20 | % | -0.46 | % | 0.89 | % | -0.65 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Global Equity Income Fund (DEW)
(Formerly, WisdomTree Europe Equity Income Fund)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| General Electric Co. |
3.7% | |||
| BP PLC |
2.2% | |||
| AT&T, Inc. |
2.0% | |||
| Bank of America Corp. |
1.9% | |||
| Pfizer, Inc. |
1.7% | |||
| TOTAL S.A. |
1.5% | |||
| BCE, Inc. |
1.5% | |||
| Banco Santander S.A. |
1.5% | |||
| HSBC Holdings PLC |
1.4% | |||
| Vodafone Group PLC |
1.3% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Global Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Global High-Yielding Equity Index. The Global High-Yielding Equity Index is a fundamentally weighted index that measures the performance of high dividend-yielding companies in the U.S., developed and emerging markets. Prior to June 19, 2009, the Fund was known as the WisdomTree Europe Equity Income Fund and had a different investment objective. Between June 19, 2009 and January 28, 2010, the Fund operated as a “fund of funds.” During this period, the Fund attempted to achieve its investment objective by investing in other WisdomTree Funds whose underlying securities are included in the Global High-Yielding Equity Index. The Fund of Funds structure was discontinued at the end of January 2010. The Fund now holds individual securities. The Fund currently seeks to achieve its investment objective by investing substantially all of its assets directly in the stocks that make up its underlying index.
The WisdomTree Global Equity Income Fund (Ticker Symbol: DEW) returned 62.13% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund was previously comprised of three Wisdom Tree ETFs; Emerging Markets Equity Income Fund (DEM), DEFA Equity Income Fund (DTH) and Equity Income Fund (DHS). The Fund benefited from an underweighted position to the United States, which had below average return. This underweighting had a notable contribution to performance. Germany had below average return; the overweight position in the country contributed a notable to drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value | Fund Market Price | Spliced WisdomTree Index1 |
Spliced Cap-Weighted Benchmark Index2 |
|||||||||||||
| One Year |
62.13 | % | 61.75 | % | 62.60 | % | 67.94 | % | ||||||||
| Three Year |
-8.29 | % | -8.40 | % | -8.04 | % | -9.46 | % | ||||||||
| Since Inception3 |
-0.46 | % | -0.62 | % | 0.08 | % | -1.16 | % | ||||||||
| 1 | WisdomTree Europe Equity Income Index through June 19, 2009; WisdomTree Global Equity Income Index thereafter. |
| 2 | MSCI Europe Value Index through June 19, 2009; MSCI AC World Index thereafter. |
| 3 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 6 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe SmallCap Dividend Fund (DFE)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Euronav N.V. |
2.3% | |||
| Electrocomponents PLC |
1.8% | |||
| Uponor Oyj |
1.4% | |||
| Intermediate Capital Group PLC |
1.3% | |||
| Melrose PLC |
1.3% | |||
| DS Smith PLC |
1.2% | |||
| KappAhl AB |
1.2% | |||
| Fabege AB |
1.1% | |||
| Veidekke ASA |
1.1% | |||
| Tieto Oyj |
1.0% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Europe SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index.
The WisdomTree Europe SmallCap Dividend Fund (Ticker Symbol: DFE) returned 74.18% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to France, which lagged international peers. This underweighting had a notable contribution to positive Fund performance. Spain also underperformed and contributed to a drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value | Fund Market Price | WisdomTree Europe SmallCap Dividend Index |
MSCI Europe SmallCap Index |
|||||||||||||
| One Year |
74.18 | % | 73.13 | % | 76.16 | % | 82.91 | % | ||||||||
| Three Year |
-12.39 | % | -12.70 | % | -12.21 | % | -9.12 | % | ||||||||
| Since Inception1 |
-1.55 | % | -2.01 | % | -1.35 | % | 1.48 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan Total Dividend Fund (DXJ)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Toyota Motor Corp. |
3.8% | |||
| NTT DoCoMo, Inc. |
3.7% | |||
| Nippon Telegraph & Telephone Corp. |
3.1% | |||
| Honda Motor Co., Ltd. |
3.0% | |||
| Canon, Inc. |
3.0% | |||
| Takeda Pharmaceutical Co., Ltd. |
2.3% | |||
| Mitsubishi UFJ Financial Group, Inc. |
2.0% | |||
| Mitsubishi Corp. |
1.9% | |||
| Mizuho Financial Group, Inc. |
1.4% | |||
| Panasonic Corp. |
1.3% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Japan Total Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Japan Dividend Index. Effective as of the close of business on April 1, 2010, the WisdomTree Japan Total Dividend Fund will be renamed the WisdomTree Japan Hedged Equity Fund. The Fund will continue to be a Japan “total market” fund, but will now also seek to hedge against fluctuations between the value of the Japanese yen and the U.S. dollar.
The WisdomTree Japan Total Dividend Fund (Ticker Symbol: DXJ) returned 33.33% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweight position to Energy, which had above average returns and had a contribution to positive Fund performance. Telecommunications Services created a significant drag on returns over the period.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value | Fund Market Price | WisdomTree Japan Dividend Index |
MSCI Japan Index | |||||||||||||
| One Year |
33.33 | % | 30.06 | % | 33.78 | % | 37.87 | % | ||||||||
| Three Year |
-8.26 | % | -8.21 | % | -8.50 | % | -9.03 | % | ||||||||
| Since Inception1 |
-3.38 | % | -3.20 | % | -3.50 | % | -4.23 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 8 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree World ex-U.S. Growth Fund (DNL)
(Formerly, WisdomTree Japan Equity Income Fund)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| BP PLC |
11.8% | |||
| Royal Dutch Shell PLC Class A |
5.3% | |||
| Royal Dutch Shell PLC Class B |
4.5% | |||
| BHP Billiton Ltd. |
4.2% | |||
| CNOOC Ltd. |
3.3% | |||
| AstraZeneca PLC |
2.8% | |||
| Petroleo Brasileiro S.A. |
2.7% | |||
| BHP Billiton PLC |
2.6% | |||
| Hennes & Mauritz AB Class B |
2.5% | |||
| Inditex S.A. |
2.1% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree World ex-U.S. Growth Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree World ex-U.S. Growth Index. This Index is a fundamentally weighted index that measures the performance of growth companies in the developed and emerging markets outside of the United States. Effective June 19, 2009, the WisdomTree Japan Equity Income Fund changed its investment objective and was renamed the WisdomTree World ex-U.S. Growth Fund.
The WisdomTree World ex-U.S. Growth Fund (Ticker Symbol: DNL) returned 46.04% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweighted position to Materials, which had above average returns and had a notable contribution to positive Fund performance. Utilities stocks had below average returns and an overweight position in the sector contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
Spliced WisdomTree Index1 |
Spliced Cap-Weighted Benchmark Index2 |
|||||||||||||
| One Year |
46.04 | % | 42.86 | % | 46.84 | % | 58.32 | % | ||||||||
| Three Year |
-3.15 | % | -3.30 | % | -2.89 | % | -2.04 | % | ||||||||
| Since Inception3 |
2.13 | % | 2.21 | % | 2.47 | % | 3.12 | % | ||||||||
| 1 | WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree World ex-U.S. Growth Index thereafter. |
| 2 | MSCI Japan Value Index through June 19, 2009; MSCI AC World ex-U.S.A. Growth Index thereafter. |
| 3 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
Sector Breakdown† as of 3/31/10‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Hitachi Koki Co., Ltd. |
1.0% | |||
| Yokogawa Electric Corp. |
1.0% | |||
| Takefuji Corp. |
0.9% | |||
| DIC Corp. |
0.9% | |||
| Onward Holdings Co., Ltd. |
0.8% | |||
| Denki Kagaku Kogyo KK |
0.8% | |||
| Yaskawa Electric Corp. |
0.8% | |||
| Nippon Kayaku Co., Ltd. |
0.8% | |||
| NHK Spring Co., Ltd. |
0.8% | |||
| Nidec Sankyo Corp. |
0.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Japan SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index.
The WisdomTree Japan SmallCap Dividend Fund (Ticker Symbol: DFJ) returned 34.37% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to Utilities, which had below average returns. This underweighting had a notable contribution to positive Fund performance. Consumer Staples stocks had below average returns and an overweight position in the sector contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Japan SmallCap Dividend Index |
MSCI Japan SmallCap Index |
|||||||||||||
| One Year |
34.37 | % | 32.79 | % | 36.47 | % | 34.24 | % | ||||||||
| Three Year |
-6.02 | % | -5.99 | % | -5.63 | % | -7.97 | % | ||||||||
| Since Inception1 |
-3.97 | % | -3.56 | % | -3.50 | % | -5.97 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The Investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 10 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| China Mobile Ltd. |
7.9% | |||
| Commonwealth Bank of Australia |
6.1% | |||
| BHP Billiton Ltd. |
4.9% | |||
| Westpac Banking Corp. |
4.7% | |||
| Australia & New Zealand Banking Group Ltd. |
4.4% | |||
| National Australia Bank Ltd. |
4.4% | |||
| CNOOC Ltd. |
4.0% | |||
| Telstra Corp., Ltd. |
3.3% | |||
| Wesfarmers Ltd. |
2.5% | |||
| Hang Seng Bank 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. |
The WisdomTree Pacific ex-Japan Total Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Pacific ex-Japan Dividend Index.
The WisdomTree Pacific ex-Japan Total Dividend Fund (Ticker Symbol: DND) returned 70.97% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, Please see below). Australia contributed modestly to positive returns. Hong Kong and Singapore contributed to a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Pacific ex-Japan Dividend Index |
MSCI Pacific ex-Japan Index |
|||||||||||||
| One Year |
70.97 | % | 69.38 | % | 73.87 | % | 82.20 | % | ||||||||
| Three Year |
2.66 | % | 2.31 | % | 3.99 | % | 2.40 | % | ||||||||
| Since Inception1 |
10.90 | % | 10.83 | % | 12.20 | % | 10.10 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an Investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Commonwealth Bank of Australia |
10.3% | |||
| Australia & New Zealand Banking Group Ltd. |
9.3% | |||
| National Australia Bank Ltd. |
8.2% | |||
| Wesfarmers Ltd. |
7.6% | |||
| Telstra Corp. Ltd. |
6.0% | |||
| QBE Insurance Group Ltd. |
4.1% | |||
| Singapore Airlines Ltd. |
3.3% | |||
| Suncorp-Metway Ltd. |
3.2% | |||
| AMP Ltd. |
3.1% | |||
| Leighton Holdings Ltd. |
2.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Pacific ex-Japan Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Pacific ex-Japan Equity Income Index.
The WisdomTree Pacific ex-Japan Equity Income Fund (Ticker Symbol: DNH) returned 93.79% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweighted position to Australia, which had higher returns than its regional peers and had a significant contribution to positive Fund performance. A slight overweight to New Zealand which underperformed its regional peers created a drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Pacific ex-Japan Equity Income Index |
MSCI Pacific ex-Japan Value Index |
|||||||||||||
| One Year |
93.79 | % | 91.48 | % | 95.61 | % | 86.29 | % | ||||||||
| Three Year |
2.27 | % | 1.72 | % | 2.91 | % | 0.50 | % | ||||||||
| Since Inception1 |
10.83 | % | 10.52 | % | 11.59 | % | 8.33 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 12 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International LargeCap Dividend Fund (DOL)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| BP PLC |
3.3% | |||
| Banco Santander S.A. |
2.2% | |||
| HSBC Holdings PLC |
2.1% | |||
| Nestle S.A. |
2.0% | |||
| TOTAL S.A. |
2.0% | |||
| ENI SpA |
1.9% | |||
| Vodafone Group PLC |
1.8% | |||
| Telefonica S.A. |
1.8% | |||
| China Mobile Ltd. |
1.7% | |||
| Novartis AG |
1.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International LargeCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index.
The WisdomTree International LargeCap Dividend Fund (Ticker Symbol: DOL) returned 49.56% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to Japan, which lagged international peers. This underweighting had a notable contribution to positive Fund performance. The United Kingdom created a drag on performance and an overweight to Italy, which underperformed its peers, also created a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree International LargeCap Dividend Index |
MSCI EAFE Index | |||||||||||||
| One Year |
49.56 | % | 48.13 | % | 49.87 | % | 54.44 | % | ||||||||
| Three Year |
-6.34 | % | -6.62 | % | -6.40 | % | -7.02 | % | ||||||||
| Since Inception1 |
0.94 | % | 0.66 | % | 1.30 | % | 0.22 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Dividend ex-Financials Fund (DOO)
(Formerly, WisdomTree International Dividend Top 100 Fund)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| BT Group PLC |
3.5% | |||
| Telecom Italia SpA |
2.5% | |||
| Portugal Telecom, SGPS, S.A. |
2.4% | |||
| Sandvik AB |
2.3% | |||
| Deutsche Post AG |
2.1% | |||
| Vallourec S.A. |
2.1% | |||
| Mediaset SpA |
2.1% | |||
| Parmalat SpA |
2.1% | |||
| United Utilities Group PLC |
2.0% | |||
| Enel SpA |
1.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Dividend ex-Financials Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index. Effective May 7, 2009, the WisdomTree International Dividend Top 100 Fund changed its investment objective and was renamed the WisdomTree International Dividend ex-Financials Fund. The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector.
The WisdomTree International Dividend ex-Financials Fund (Ticker Symbol: DOO) returned 56.27% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to Japan, which lagged international peers and had a significant contribution to positive Fund performance. Overweights to France and Sweden also created positive return contributions. The United Kingdom created a notable drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
Spliced WisdomTree Index1 |
MSCI EAFE Value Index |
|||||||||||||
| One Year |
56.27 | % | 56.07 | % | 56.86 | % | 58.52 | % | ||||||||
| Three Year |
-8.19 | % | -8.56 | % | -7.97 | % | -8.40 | % | ||||||||
| Since Inception2 |
0.93 | % | 0.60 | % | 1.35 | % | -0.65 | % | ||||||||
| 1 | WisdomTree International Dividend Top 100 Index through May 7, 2009; WisdomTree International Dividend ex-Financials Index thereafter. |
| 2 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 14 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International MidCap Dividend Fund (DIM)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Vallourec S.A. |
1.2% | |||
| Suncorp-Metway Ltd. |
1.0% | |||
| Mediaset SpA |
1.0% | |||
| voestalpine AG |
1.0% | |||
| Segro PLC |
0.9% | |||
| Safran S.A. |
0.8% | |||
| Telecom Italia SpA RSP |
0.8% | |||
| Leighton Holdings Ltd. |
0.7% | |||
| British Land Co. PLC |
0.7% | |||
| Ferrovial S.A. |
0.7% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International MidCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index.
The WisdomTree International MidCap Dividend Fund (Ticker Symbol: DIM) returned 59.59% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). MidCap stocks in France, Sweden, and Finland contributed positively to performance. The United Kingdom, Spain and Japan contributed a drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree International MidCap Dividend Index |
MSCI EAFE MidCap Index |
|||||||||||||
| One Year |
59.59 | % | 57.80 | % | 60.93 | % | 57.25 | % | ||||||||
| Three Year |
-6.57 | % | -7.02 | % | -6.85 | % | -9.16 | % | ||||||||
| Since Inception1 |
2.68 | % | 2.30 | % | 2.70 | % | -0.57 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 15 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International SmallCap Dividend Fund (DLS)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Bendigo and Adelaide Bank Ltd. |
1.0% | |||
| Euronav N.V. |
0.8% | |||
| YIT Oyj |
0.7% | |||
| Aurubis AG |
0.6% | |||
| West Australian Newspapers Holdings Ltd. |
0.6% | |||
| Goodman Fielder Ltd. |
0.6% | |||
| Orion Oyj Class B |
0.6% | |||
| Electrocomponents PLC |
0.6% | |||
| Challenger Financial Services Group Ltd. |
0.6% | |||
| APN News & Media 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. |
The WisdomTree International SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index.
The WisdomTree International SmallCap Dividend Fund (Ticker Symbol: DLS) returned 66.50% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweighted position to Australia, which had higher returns than its regional peers and had a significant contribution to positive Fund performance. The Fund experienced a drag on returns from an overweight position to Japan.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree International SmallCap Dividend Index |
MSCI EAFE SmallCap Index |
|||||||||||||
| One Year |
66.50 | % | 65.35 | % | 68.85 | % | 70.02 | % | ||||||||
| Three Year |
-7.97 | % | -8.22 | % | -7.43 | % | -7.89 | % | ||||||||
| Since Inception1 |
1.40 | % | 1.24 | % | 1.74 | % | 0.00 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 16 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets Equity Income Fund (DEM)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Nan Ya Plastics Corp. |
3.8% | |||
| Banco do Brasil S.A. |
3.5% | |||
| Formosa Petrochemical Corp. |
3.3% | |||
| Formosa Chemicals & Fibre Corp. |
2.8% | |||
| Cia Siderurgica Nacional S.A. |
2.6% | |||
| Kumba Iron Ore Ltd. |
2.6% | |||
| Mechel |
2.5% | |||
| China Steel Corp. |
2.3% | |||
| Formosa Plastics Corp. |
2.3% | |||
| Impala Platinum Holdings 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. |
The WisdomTree Emerging Markets Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Equity Income Index.
The WisdomTree Emerging Markets Equity Income Fund (Ticker Symbol: DEM) returned 73.33% for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an underweighted position to China, which lagged its emerging markets peers. This underweighting had a notable contribution to positive Fund performance. An overweight position in Taiwan, which lagged its emerging market peers created a drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.63%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Emerging Markets Equity Income Index |
MSCI Emerging Markets Index |
|||||||||||||
| One Year |
73.33 | % | 72.09 | % | 76.16 | % | 81.08 | % | ||||||||
| Since Inception1 |
4.98 | % | 4.04 | % | 5.85 | % | -2.47 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on July 13, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 17 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Discount Investment Corp. |
3.3% | |||
| Nan Ya Printed Circuit Board Corp. |
1.7% | |||
| Ford Otomotiv Sanayi A.S. |
1.4% | |||
| Lite-On Technology Corp. |
1.4% | |||
| Aneka Tambang Tbk PT |
1.2% | |||
| Shufersal Ltd. |
1.1% | |||
| Unipetrol A.S. |
1.1% | |||
| U-Ming Marine Transport Corp. |
1.0% | |||
| AES Tiete S.A. |
0.9% | |||
| Woolworths Holdings Ltd. |
0.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Emerging Markets SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index.
The WisdomTree Emerging Markets SmallCap Dividend Fund (Ticker Symbol: DGS) returned 86.26% for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). The Fund benefited from an overweight position to Turkey, which outperformed its emerging market peers and had a significant contribution to positive Fund performance. The Fund was underweight India which outperformed its emerging market peers . This underweighting created a drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.63%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Emerging Markets SmallCap Dividend Index |
MSCI Emerging Markets SmallCap Index |
|||||||||||||
| One Year |
86.26 | % | 87.24 | % | 91.75 | % | 118.10 | % | ||||||||
| Since Inception1 |
-2.45 | % | -2.27 | % | -1.37 | % | -5.57 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on October 30, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 18 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Middle East Dividend Fund (GULF)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Industries Qatar |
8.7% | |||
| Maroc Telecom |
8.6% | |||
| Mobile Telecommunications Co. KSC |
7.2% | |||
| Qatar National Bank S.A.Q |
5.3% | |||
| Qatar Telecom Q-Telephone QSC |
4.4% | |||
| Orascom Construction Industries |
4.0% | |||
| Ezz Steel |
3.9% | |||
| Telecom Egypt |
3.4% | |||
| Commercial Bank of Qatar |
3.2% | |||
| National Bank of Kuwait |
2.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Middle East Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Middle East Dividend Index.
The WisdomTree Middle East Dividend Fund (Ticker Symbol: GULF) returned 35.25% for the year ended March 31, 2010 (for more complete performance information, please see below). Qatar performed well over the period and as an overweighted country had a notable positive contribution to performance. Oman and Jordan created drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual net expense ratio of the Fund is 0.88% and the gross expense ratio is 1.30%. The net expense ratio reflects a contractual reimbursement of 0.42%. Fund expenses are capped by contract at 0.88% through March 31, 2011.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Middle East Dividend Index |
MSCI Arabian Markets ex-Saudi Arabia Index |
|||||||||||||
| One Year |
35.25 | % | 37.59 | % | 42.21 | % | 42.02 | % | ||||||||
| Since Inception1 |
-21.11 | % | -20.57 | % | -18.20 | % | -25.34 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on July 16, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 19 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Hedged Equity Fund (HEDJ)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| BP PLC |
2.4% | |||
| HSBC Holdings PLC |
1.6% | |||
| Banco Santander S.A. |
1.5% | |||
| TOTAL S.A. |
1.5% | |||
| Vodafone Group PLC |
1.4% | |||
| Telefonica S.A. |
1.4% | |||
| Nestle S.A. |
1.3% | |||
| ENI SpA |
1.3% | |||
| Novartis AG |
1.2% | |||
| China Mobile Ltd. |
1.2% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Hedged Equity Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree DEFA International Hedged Equity Index. The Fund was launched using a “fund of funds” structure in which the Fund attempted to achieve its investment objective by investing in other WisdomTree Funds whose underlying securities are included in the WisdomTree DEFA International Hedged Equity Index. As of January 28, 2010, the Fund began investing substantially all of its assets directly in securities and ceased operation as a “fund of funds”. The Fund currently seeks to achieve its investment objective by investing substantially all of its assets directly in the stocks that make up its underlying index.
The WisdomTree International Hedged Equity Fund (Ticker Symbol: HEDJ) returned 1.98% from its inception on December 31, 2009 through March 31, 2010 (for more complete performance information, please see below). The currency hedge that was placed on the Fund was profitable for the period primarily due to the decline of the Euro. The Fund benefited from an underweighted position to Japan, which had below average return. This underweighting had a notable contribution to performance. The Untied Kingdom created drag on returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Cumulative Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree DEFA International Hedged Equity Index |
MSCI EAFE Local Currency Index |
|||||||||||||
| Since Inception1 |
1.98 | % | 2.43 | % | 2.68 | % | 4.29 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on December 31, 2009. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 20 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Basic Materials Sector Fund (DBN)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| BHP Billiton Ltd. |
11.7% | |||
| BASF SE |
10.7% | |||
| BHP Billiton PLC |
7.4% | |||
| Rio Tinto PLC |
6.3% | |||
| Rio Tinto Ltd. |
3.2% | |||
| Holcim Ltd. |
3.0% | |||
| Air Liquide S.A. |
2.9% | |||
| Antofagasta PLC |
2.9% | |||
| Lafarge S.A. |
2.4% | |||
| voestalpine AG |
2.2% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Basic Materials Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Basic Materials Sector Index.
The WisdomTree International Basic Materials Sector Fund (Ticker Symbol: DBN) returned 83.44% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). International materials stocks outperformed the broader international market. The United Kingdom, Germany and Australia were significant contributors to performance. Ireland created a drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree International Basic Materials Sector Index |
S&P Developed ex-U.S. BMI Materials Sector Index |
|||||||||||||
| One Year |
83.44 | % | 79.74 | % | 84.97 | % | 80.66 | % | ||||||||
| Three Year |
-0.21 | % | -0.93 | % | 0.47 | % | N/A | |||||||||
| Since Inception1 |
6.66 | % | 6.20 | % | 7.48 | % | -5.97 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on October 13, 2006. S&P Developed ex-U.S. Sector Index total returns are based on the index’s inception date of April 1, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 21 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Energy Sector Fund (DKA)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| BP PLC |
8.6% | |||
| TOTAL S.A. |
7.1% | |||
| Royal Dutch Shell PLC Class A |
6.7% | |||
| Statoil ASA |
6.4% | |||
| ENI SpA |
6.4% | |||
| CNOOC Ltd. |
6.1% | |||
| Royal Dutch Shell PLC Class B |
5.9% | |||
| Repsol YPF S.A. |
4.5% | |||
| Saipem SpA |
4.2% | |||
| Technip S.A. |
4.1% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Energy Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Energy Sector Index.
The WisdomTree International Energy Sector Fund (Ticker Symbol: DKA) returned 37.29% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). International energy stocks underperformed the broader international market. Singapore was one of the few countries that contributed positively to performance. The United Kingdom, Spain, and Japan all created a drag on portfolio returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree International Energy Sector Index |
S&P ex-U.S. BMI Energy Sector Index |
|||||||||||||
| One Year |
37.29 | % | 36.95 | % | 39.30 | % | 49.63 | % | ||||||||
| Three Year |
-0.54 | % | -0.99 | % | -0.12 | % | N/A | |||||||||
| Since Inception1 |
2.94 | % | 2.48 | % | 3.53 | % | -3.45 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on October 13, 2006. S&P Developed ex-U.S Sector Index total returns are based on the index’s inception date of April 1, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 22 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Utilities Sector Fund (DBU)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Electricite de France |
6.9% | |||
| RWE AG |
6.8% | |||
| Enel SpA |
6.8% | |||
| GDF Suez |
6.8% | |||
| E.ON AG |
6.6% | |||
| Iberdrola S.A. |
6.0% | |||
| Gas Natural SDG S.A. |
4.2% | |||
| National Grid PLC |
3.4% | |||
| Fortum Oyj |
3.3% | |||
| Snam Rete Gas SpA |
2.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Utilities Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Utilities Sector Index.
The WisdomTree International Utilities Sector Fund (Ticker Symbol: DBU) returned 26.42% at net asset value (“NAV”) for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). International utilities stocks underperformed the broader international market. Spain, the United Kingdom, and Japan had notable drags on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree International Utilities Sector Index |
S&P ex-U.S. BMI Utilities Sector Index |
|||||||||||||
| One Year |
26.42 | % | 25.39 | % | 26.65 | % | 28.93 | % | ||||||||
| Three Year |
-6.62 | % | -7.04 | % | -6.28 | % | N/A | |||||||||
| Since Inception1 |
-0.86 | % | -1.10 | % | -0.44 | % | -12.10 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on October 13, 2006. S&P Developed ex-U.S Sector Index total returns are based on the index’s inception date of April 1, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend and Sector Funds | 23 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Real Estate Fund (DRW)
Country Breakdown† as of 3/31/10
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/10
| Description | % of Net Assets | |||
| Westfield Group |
6.6% | |||
| Unibail-Rodamco SE |
5.0% | |||
| Sun Hung Kai Properties Ltd. |
4.8% | |||
| Gecina S.A. |
4.3% | |||
| Cheung Kong (Holdings) Ltd. |
3.8% | |||
| Land Securities Group PLC |
2.7% | |||
| Segro PLC |
2.7% | |||
| Stockland |
2.5% | |||
| Hang Lung Properties Ltd. |
2.1% | |||
| Klepierre |
2.1% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Real Estate Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Real Estate Index.
The WisdomTree International Real Estate Fund Ticker Symbol: (DRW) returned 74.20% for the fiscal year ended March 31, 2010 (for more complete performance information, please see below). Hong Kong, France and Singapore all contributed positively to returns over the period. Spain created a drag on the portfolio returns.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market 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.
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 are not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/10
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree International Real Estate Index |
Dow Jones Global ex-U.S. Select Real Estate Securities Index |
|||||||||||||
| One Year |
74.20 | % | 72.12 | % | 76.17 | % | 69.22 | % | ||||||||
| Since Inception1 |
-15.71 | % | -16.12 | % | -15.54 | % | -17.95 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on June 5, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 24 | WisdomTree International Dividend and Sector Funds |
Table of Contents
| Cumulative Returns as of 3/31/10 (unaudited) | ||||||||||||||||||||||||||||
| Total Return NAV (%) | Market Price (%) | |||||||||||||||||||||||||||
| 1-Year | 3-Year | Since Inception |
1-Year | 3-Year | Since Inception |
|||||||||||||||||||||||
| WisdomTree DEFA Fund |
51.43 | % | -19.50 | % | 3.79 | % | 51.83 | % | -19.87 | % | 3.89 | % | ||||||||||||||||
| MSCI EAFE Index |
54.44 | % | -19.61 | % | 0.82 | % | 54.44 | % | -19.61 | % | 0.82 | % | ||||||||||||||||
| WisdomTree DEFA Index |
52.90 | % | -17.94 | % | 6.74 | % | 52.90 | % | -17.94 | % | 6.74 | % | ||||||||||||||||
| WisdomTree DEFA Equity Income Fund |
53.57 | % | -22.71 | % | -0.76 | % | 52.85 | % | -23.85 | % | -1.72 | % | ||||||||||||||||
| MSCI EAFE Value Index |
58.52 | % | -23.13 | % | -2.42 | % | 58.52 | % | -23.13 | % | -2.42 | % | ||||||||||||||||
| WisdomTree DEFA Equity Income Index |
54.86 | % | -20.91 | % | 3.44 | % | 54.86 | % | -20.91 | % | 3.44 | % | ||||||||||||||||
| WisdomTree Global Equity Income Fund |
62.13 | % | -22.86 | % | -1.73 | % | 61.75 | % | -23.13 | % | -2.32 | % | ||||||||||||||||
| Spliced Cap-Weighted Index Benchmark(1) |
67.94 | % | -25.77 | % | -4.32 | % | 67.94 | % | -25.77 | % | -4.32 | % | ||||||||||||||||
| Spliced WisdomTree Index(3) |
62.60 | % | -22.23 | % | 0.30 | % | 62.60 | % | -22.23 | % | 0.30 | % | ||||||||||||||||
| WisdomTree Europe SmallCap Dividend Fund |
74.18 | % | -32.75 | % | -5.75 | % | 73.13 | % | -33.46 | % | -7.40 | % | ||||||||||||||||
| MSCI Europe Small Cap Index |
82.91 | % | -24.94 | % | 5.74 | % | 82.91 | % | -24.94 | % | 5.74 | % | ||||||||||||||||
| WT Europe SmallCap Dividend Index |
76.16 | % | -32.34 | % | -5.01 | % | 76.16 | % | -32.34 | % | -5.01 | % | ||||||||||||||||
| WisdomTree Japan Total Dividend Fund |
33.33 | % | -22.80 | % | -12.21 | % | 30.06 | % | -22.67 | % | -11.61 | % | ||||||||||||||||
| MSCI Japan Index |
37.87 | % | -24.72 | % | -15.13 | % | 37.87 | % | -24.72 | % | -15.13 | % | ||||||||||||||||
| WT Japan Dividend Index |
33.78 | % | -23.40 | % | -12.62 | % | 33.78 | % | -23.40 | % | -12.62 | % | ||||||||||||||||
| WisdomTree World ex-U.S. Growth Fund |
46.04 | % | -9.15 | % | 8.31 | % | 42.86 | % | -9.57 | % | 8.64 | % | ||||||||||||||||
| Spliced Cap-Weighted Index Benchmark(2) |
58.32 | % | -5.99 | % | 12.36 | % | 58.32 | % | -5.99 | % | 12.36 | % | ||||||||||||||||
| Spliced WisdomTree Index(4) |
46.84 | % | -8.42 | % | 9.70 | % | 46.84 | % | -8.42 | % | 9.70 | % | ||||||||||||||||
| WisdomTree Japan SmallCap Dividend Fund |
34.37 | % | -17.00 | % | -14.23 | % | 32.79 | % | -16.91 | % | -12.82 | % | ||||||||||||||||
| MSCI Japan Small Cap Index |
34.24 | % | -22.07 | % | -20.83 | % | 34.24 | % | -22.07 | % | -20.83 | % | ||||||||||||||||
| WT Japan SmallCap Dividend Index |
36.47 | % | -15.96 | % | -12.63 | % | 36.47 | % | -15.96 | % | -12.63 | % | ||||||||||||||||
| WisdomTree Pacific ex-Japan Total Dividend Fund |
70.97 | % | 8.20 | % | 48.01 | % | 69.38 | % | 7.08 | % | 47.67 | % | ||||||||||||||||
| MSCI Pacific ex-Japan Index |
82.20 | % | 7.39 | % | 44.04 | % | 82.20 | % | 7.39 | % | 44.04 | % | ||||||||||||||||
| WT Pacific ex-Japan Dividend Index |
73.87 | % | 12.44 | % | 54.70 | % | 73.87 | % | 12.44 | % | 54.70 | % | ||||||||||||||||
| WisdomTree Pacific ex-Japan Equity Income Fund |
93.79 | % | 6.96 | % | 47.63 | % | 91.48 | % | 5.25 | % | 46.08 | % | ||||||||||||||||
| MSCI Pacific ex-Japan Value Index |
86.29 | % | 1.51 | % | 35.44 | % | 86.29 | % | 1.51 | % | 35.44 | % | ||||||||||||||||
| WT Pacific ex-Japan Equity Income Index |
95.61 | % | 8.99 | % | 51.54 | % | 95.61 | % | 8.99 | % | 51.54 | % | ||||||||||||||||
| WisdomTree International LargeCap Dividend Fund |
49.56 | % | -17.83 | % | 3.60 | % | 48.13 | % | -18.59 | % | 2.53 | % | ||||||||||||||||
| MSCI EAFE Index |
54.44 | % | -19.61 | % | 0.82 | % | 54.44 | % | -19.61 | % | 0.82 | % | ||||||||||||||||
| WisdomTree International LargeCap Dividend Index |
49.87 | % | -17.99 | % | 5.04 | % | 49.87 | % | -17.99 | % | 5.04 | % | ||||||||||||||||
| WisdomTree International Dividend ex-Financials Fund |
56.27 | % | -22.61 | % | 3.58 | % | 56.07 | % | -23.55 | % | 2.29 | % | ||||||||||||||||
| MSCI EAFE Value Index |
58.52 | % | -23.13 | % | -2.42 | % | 58.52 | % | -23.13 | % | -2.42 | % | ||||||||||||||||
| Spliced WisdomTree Index(5) |
56.86 | % | -22.06 | % | 5.22 | % | 56.86 | % | -22.06 | % | 5.22 | % | ||||||||||||||||
| WisdomTree International MidCap Dividend Fund |
59.59 | % | -18.45 | % | 10.56 | % | 57.80 | % | -19.60 | % | 8.98 | % | ||||||||||||||||
| MSCI EAFE Mid Cap Index |
57.25 | % | -25.05 | % | -2.14 | % | 57.25 | % | -25.05 | % | -2.14 | % | ||||||||||||||||
| WisdomTree International MidCap Dividend Index |
60.93 | % | -19.18 | % | 10.63 | % | 60.93 | % | -19.18 | % | 10.63 | % | ||||||||||||||||
| WisdomTree International SmallCap Dividend Fund |
66.50 | % | -22.05 | % | 5.40 | % | 65.35 | % | -22.68 | % | 4.77 | % | ||||||||||||||||
| MSCI EAFE Small Cap Index |
70.02 | % | -21.86 | % | -0.02 | % | 70.02 | % | -21.86 | % | -0.02 | % | ||||||||||||||||
| WisdomTree International SmallCap Dividend Index |
68.85 | % | -20.68 | % | 6.78 | % | 68.85 | % | -20.68 | % | 6.78 | % | ||||||||||||||||
| WisdomTree Emerging Markets Equity Income Fund |
73.33 | % | n/a | 14.13 | % | 72.09 | % | n/a | 11.37 | % | ||||||||||||||||||
| MSCI Emerging Markets Index |
81.08 | % | n/a | -6.56 | % | 81.08 | % | n/a | -6.56 | % | ||||||||||||||||||
| WT Emerging Markets Equity Income Index |
76.16 | % | n/a | 16.71 | % | 76.16 | % | n/a | 16.71 | % | ||||||||||||||||||
| WisdomTree Emerging Markets SmallCap Dividend Fund |
86.26 | % | n/a | -5.81 | % | 87.24 | % | n/a | -5.39 | % | ||||||||||||||||||
| MSCI Emerging Markets Small Cap Index |
118.10 | % | n/a | -12.94 | % | 118.10 | % | n/a | -12.94 | % | ||||||||||||||||||
| WT Emerging Markets SmallCap Dividend Index |
91.75 | % | n/a | -3.29 | % | 91.75 | % | n/a | -3.29 | % | ||||||||||||||||||
| WisdomTree Middle East Dividend Fund |
35.25 | % | n/a | -33.28 | % | 37.59 | % | n/a | -32.50 | % | ||||||||||||||||||
| MSCI Arabian Markets ex-Saudi Arabia Index |
42.02 | % | n/a | -39.27 | % | 42.02 | % | n/a | -39.27 | % | ||||||||||||||||||
| WT Middle East Dividend Index |
42.21 | % | n/a | -29.03 | % | 42.21 | % | n/a | -29.03 | % | ||||||||||||||||||
| WisdomTree International Dividend and Sector Funds | 25 |
Table of Contents
| Cumulative Returns as of 3/31/10 (unaudited) (concluded) | ||||||||||||||||||||||||||||
| Total Return NAV (%) | Market Price (%) | |||||||||||||||||||||||||||
| 1-Year | 3-Year | Since Inception |
1-Year | 3-Year | Since Inception |
|||||||||||||||||||||||
| WisdomTree International Hedged Equity Fund |
n/a | n/a | 1.98 | % | n/a | n/a | 2.43 | % | ||||||||||||||||||||
| MSCI EAFE Local Currency Index |
44.68 | % | n/a | 4.29 | % | 44.68 | % | n/a | 4.29 | % | ||||||||||||||||||
| WisdomTree DEFA International Hedged Equity Index |
43.59 | % | n/a | 2.68 | % | 43.59 | % | n/a | 2.68 | % | ||||||||||||||||||
| WisdomTree International Basic Materials Sector Fund |
83.44 | % | -0.63 | % | 25.01 | % | 79.74 | % | -2.76 | % | 23.14 | % | ||||||||||||||||
| S&P Developed ex-U.S. BMI Materials Sector Index* |
80.66 | % | n/a | -11.58 | % | 80.66 | % | n/a | -11.58 | % | ||||||||||||||||||
| WT Int’l Basic Materials Sector Index |
84.97 | % | 1.41 | % | 28.39 | % | 84.97 | % | 1.41 | % | 28.39 | % | ||||||||||||||||
| WisdomTree International Energy Sector Fund |
37.29 | % | -1.61 | % | 10.55 | % | 36.95 | % | -2.93 | % | 8.86 | % | ||||||||||||||||
| S&P Developed ex-U.S. BMI Energy Sector Index* |
49.63 | % | n/a | -6.78 | % | 49.63 | % | n/a | -6.78 | % | ||||||||||||||||||
| WT International Energy Sector Index |
39.30 | % | -0.36 | % | 12.76 | % | 39.30 | % | -0.36 | % | 12.76 | % | ||||||||||||||||
| WisdomTree International Utilities Sector Fund |
26.42 | % | -18.58 | % | -2.96 | % | 25.39 | % | -19.68 | % | -3.77 | % | ||||||||||||||||
| S&P Developed ex-U.S. BMI Utilities Sector Index* |
28.93 | % | n/a | -22.73 | % | 28.93 | % | n/a | -22.73 | % | ||||||||||||||||||
| WT International Utilities Sector Index |
26.65 | % | -17.69 | % | -1.53 | % | 26.65 | % | -17.69 | % | -1.53 | % | ||||||||||||||||
| WisdomTree International Real Estate Fund |
74.20 | % | n/a | -38.25 | % | 72.12 | % | n/a | -39.10 | % | ||||||||||||||||||
| Dow Jones Global ex-U.S. Select Real Estate Securities Index |
69.22 | % | n/a | -42.79 | % | 69.22 | % | n/a | -42.79 | % | ||||||||||||||||||
| WT Int’l Real Estate Index |
76.17 | % | n/a | -37.90 | % | 76.17 | % | n/a | -37.90 | % | ||||||||||||||||||
| * | The inception date of the S&P Developed ex-U.S. Indexes is 4/1/08. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
Please see pages 27 through 29 for the list of index descriptions.
| 26 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Description of Indexes (unaudited)
Below are descriptions of each index referenced in this Annual Report:
The WisdomTree Dividend Index of Europe, Far East Asia and Australasia (WisdomTree DEFA) measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States.
The WisdomTree DEFA International Hedged Equity Index measures the performance 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 DEFA Index.
The WisdomTree DEFA Equity Income Index measures the performance of companies with high dividend yields selected from the WisdomTree DEFA Index.
The WisdomTree Global Equity Income Index measures the performance of high dividend-paying companies selected from the WisdomTree Dividend Index and the WisdomTree World ex-U.S. Index.
The WisdomTree Europe Equity Income Index measures the performance of companies with high dividend yields selected from the WisdomTree Europe Dividend Index.
The WisdomTree Europe SmallCap Dividend Index measures the performance of the small-capitalization segment of the European dividend-paying market.
The WisdomTree Japan Dividend Index measures the performance 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 DEFA Index.
The WisdomTree World ex-U.S. Growth Index measures the stock performance of growth companies selected from developed and emerging markets outside the U.S.
The WisdomTree Japan Equity Income Index measures the performance of companies with high dividend yields selected from the WisdomTree Japan Dividend Index.
The WisdomTree Japan SmallCap Dividend Index measures the performance of dividend-paying small-capitalization companies in Japan.
The WisdomTree Pacific ex-Japan Dividend Index measures the performance of dividend-paying companies incorporated in the Pacific region, excluding Japan.
The WisdomTree Pacific ex-Japan Equity Income Index measures the performance of companies with high dividend yields selected from the WisdomTree Pacific ex-Japan Dividend Index.
The WisdomTree International LargeCap Dividend Index measures the performance of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector.
The WisdomTree International Dividend Top 100 Index measures the performance of the 100 highest dividend-yielding companies in the WisdomTree International LargeCap Dividend Index.
The WisdomTree International MidCap Dividend Index measures the performance of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree International SmallCap Dividend Index measures the performance of the small-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.
The WisdomTree Emerging Markets Equity Income Index measures the performance of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.
| WisdomTree International Dividend and Sector Funds | 27 |
Table of Contents
Description of Terms and Indices (unaudited) (continued)
The WisdomTree Emerging Markets SmallCap Dividend Index measures the performance of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.
The WisdomTree Middle East Dividend Index measures the performance 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 International Sector Indexes are derived from the WisdomTree DEFA Index, and measure the performance of dividend-paying companies in developed markets outside the U.S. and Canada, within their specific international sectors.
The WisdomTree International Real Estate Index measures the performance 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 MSCI EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan.
The MSCI EAFE Value Index measures the performance of value stocks in the MSCI EAFE Index.
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 US & Canada.
The MSCI EAFE Small Cap Index measures the performance of small-capitalization stocks in the MSCI EAFE Index.
The MSCI Europe Small-Cap Index measures the performance of small-capitalization stocks in the MSCI Europe Index.
The MSCI Europe Value Index measures the performance of value stocks in the MSCI Europe Index.
The MSCI AC World Index measures the performance of the world stock market indexes covered by MSCI.
The MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index and measures the performance of stocks in Australia, Hong Kong, Singapore and New Zealand.
The MSCI Pacific ex-Japan Value Index measures the performance of value stocks in the MSCI Pacific ex-Japan Index.
The MSCI Japan Index is a capitalization weighted index that monitors the performance of stocks in Japan.
The MSCI Japan Value Index measures the performance of value stocks in the MSCI Japan Index.
The MSCI AC World ex-USA Growth Index measures the performance of growth stocks in the developed and emerging markets covered by MSCI excluding the U.S.
The MSCI Japan Small Cap Index measures the performance of small cap stocks in the MSCI Japan Index.
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 Arabian Markets ex Saudi Arabia Index is a free float-adjusted market capitalization index that is designed to measure the performance of stocks in the Gulf Cooperation Council (GCC) countries and the neighboring region: the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan, and Morocco.
| 28 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Description of Terms and Indices (unaudited) (concluded)
The S&P Developed ex-U.S. BMI Sector Indexes are indexes that track specific sectors of developed global markets outside the United States.
The Dow Jones Global ex-U.S. Select Real Estate Securities Index is designed to provide measures of real estate securities that serve as proxies for direct real estate investing in the international markets and is weighted by float-adjusted market cap.
| 1 | Spliced Cap-Weighted Index — MSCI Europe Value Index through June 19, 2009, MSCI AC World Index thereafter. |
| 2 | Spliced Cap-Weighted Index — MSCI Japan Value Index through June 19, 2009, MSCI AC World ex-USA Growth Index thereafter. |
| 3 | Spliced WisdomTree Index — WisdomTree Europe Equity Income Index through June 19, 2009; WisdomTree Global Equity Income Index thereafter. |
| 4 | Spliced WisdomTree Index — WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree World ex-U.S. Growth Index thereafter. |
| 5 | Spliced WisdomTree Index — WisdomTree International Dividend Top 100 Index through May 7, 2009; WisdomTree International Dividend ex-Financials Index thereafter. |
Index performance information assumes the reinvestment of gross dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
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 International Dividend and Sector Funds | 29 |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2009 to March 31, 2010.
Actual expenses
The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During Period 10/01/09 to 3/31/10” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| 30 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Shareholder Expense Examples (unaudited) (continued)
| Beginning Account Value 10/01/2009 |
Ending Account Value 3/31/10 |
Annualized Expense Ratio Based on the Period 10/01/09 to 3/31/10 |
Expenses Paid During the Period† 10/01/09 to 3/31/10 |
|||||||||||||
| WisdomTree DEFA Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,014.00 | 0.17 | %** | $ | 0.84 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,024.10 | 0.17 | %** | $ | 0.84 | ||||||||
| WisdomTree DEFA Equity Income Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 995.24 | 0.58 | % | $ | 2.91 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||||||
| WisdomTree Global Equity Income Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,039.15 | 0.25 | %** | $ | 1.29 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.67 | 0.25 | %** | $ | 1.28 | ||||||||
| WisdomTree Europe SmallCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,031.36 | 0.58 | % | $ | 2.96 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||||||
| WisdomTree Japan Total Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,036.14 | 0.48 | % | $ | 2.46 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.52 | 0.48 | % | $ | 2.44 | ||||||||
| WisdomTree World ex-U.S. Growth Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,115.42 | 0.58 | %*** | $ | 3.05 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.05 | 0.58 | % | $ | 2.91 | ||||||||
| WisdomTree Japan SmallCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,001.71 | 0.58 | % | $ | 2.92 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||||||
| WisdomTree Pacific ex-Japan Total Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,067.31 | 0.48 | % | $ | 2.50 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.52 | 0.48 | % | $ | 2.44 | ||||||||
| WisdomTree Pacific ex-Japan Equity Income Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,074.17 | 0.58 | % | $ | 3.02 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||||||
| WisdomTree International LargeCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,014.26 | 0.48 | % | $ | 2.43 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.52 | 0.48 | % | $ | 2.44 | ||||||||
| WisdomTree International Dividend ex-Financials Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,020.84 | 0.58 | % | $ | 2.94 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||||||
| WisdomTree International MidCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,028.56 | 0.58 | % | $ | 2.96 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||||||
| WisdomTree International SmallCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,057.92 | 0.58 | % | $ | 3.00 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||||||
| WisdomTree Emerging Markets Equity Income Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,116.30 | 0.63 | % | $ | 3.35 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.77 | 0.63 | % | $ | 3.20 | ||||||||
| WisdomTree Emerging Markets SmallCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,128.15 | 0.63 | %*** | $ | 3.34 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.79 | 0.63 | % | $ | 3.17 | ||||||||
| WisdomTree International Dividend and Sector Funds | 31 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/2009 |
Ending Account Value 3/31/10 |
Annualized Expense Ratio Based on the Period 10/01/09 to 3/31/10 |
Expenses Paid During the Period† 10/01/09 to 3/31/10 |
|||||||||||||
| WisdomTree Middle East Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,006.05 | 0.88 | % | $ | 4.42 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,020.52 | 0.88 | % | $ | 4.46 | ||||||||
| WisdomTree International Hedged Equity Fund* |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,019.79 | 0.47 | %** | $ | 1.18 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.60 | 0.47 | %** | $ | 2.35 | ||||||||
| WisdomTree International Basic Materials Sector Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,144.74 | 0.58 | % | $ | 3.10 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
| WisdomTree International Energy Sector Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 989.34 | 0.58 | % | $ | 2.88 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
| WisdomTree International Utilities Sector Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 953.38 | 0.58 | % | $ | 2.82 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
| WisdomTree International Real Estate Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,003.98 | 0.58 | % | $ | 2.90 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||||||
| † | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect one-half year period) except for actual return information which reflects the 91 day period for WisdomTree International Hedged Equity Fund. |
| * | Commencement of investment operations for the International Hedged Equity Fund is December 31, 2009. |
| ** | Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when the Fund operated as a “fund of funds.” |
| *** | Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the India Earnings Fund that are paid indirectly by the Fund. The Fund invests a portion of its assets in the WisdomTree India Earnings Fund in order to achieve exposure to securities in India. |
| 32 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.0% | ||||||||
| Australia – 9.3% | ||||||||
| AGL Energy Ltd. |
28,766 | $ | 396,835 | |||||
| Amcor Ltd. |
72,681 | 426,278 | ||||||
| AMP Ltd. |
140,469 | 807,098 | ||||||
| APN News & Media Ltd. |
64,259 | 136,244 | ||||||
| Aristocrat Leisure Ltd. |
65,165 | 270,947 | ||||||
| Australia & New Zealand Banking Group Ltd. |
137,087 | 3,190,929 | ||||||
| AXA Asia Pacific Holdings Ltd. |
82,082 | 476,142 | ||||||
| Bank of Queensland Ltd. |
4,232 | 45,796 | ||||||
| Bendigo and Adelaide Bank Ltd. |
38,753 | 355,694 | ||||||
| BHP Billiton Ltd. |
88,956 | 3,559,047 | ||||||
| BlueScope Steel Ltd.* |
126,618 | 338,189 | ||||||
| Boral Ltd. |
49,244 | 253,564 | ||||||
| Brambles Ltd. |
96,881 | 654,467 | ||||||
| Coca-Cola Amatil Ltd. |
36,722 | 379,184 | ||||||
| Commonwealth Bank of Australia |
85,018 | 4,392,520 | ||||||
| Computershare Ltd. |
28,104 | 322,957 | ||||||
| Crown Ltd. |
53,627 | 402,632 | ||||||
| CSL Ltd. |
10,471 | 350,122 | ||||||
| CSR Ltd. |
163,232 | 247,956 | ||||||
| David Jones Ltd. |
40,250 | 175,481 | ||||||
| Downer EDI Ltd. |
37,566 | 260,668 | ||||||
| Fairfax Media Ltd. |
264,056 | 436,255 | ||||||
| Foster’s Group Ltd. |
95,328 | 462,858 | ||||||
| Goodman Fielder Ltd. |
183,583 | 240,957 | ||||||
| Harvey Norman Holdings Ltd. |
60,606 | 201,371 | ||||||
| Incitec Pivot Ltd. |
140,099 | 446,207 | ||||||
| Insurance Australia Group Ltd. |
69,829 | 248,679 | ||||||
| Leighton Holdings Ltd. |
20,189 | 722,688 | ||||||
| Lend Lease Group(a) |
86,933 | 690,994 | ||||||
| Macquarie Group Ltd. |
15,101 | 654,906 | ||||||
| Metcash Ltd. |
70,986 | 269,740 | ||||||
| National Australia Bank Ltd. |
125,791 | 3,177,383 | ||||||
| OneSteel Ltd. |
95,092 | 340,393 | ||||||
| Orica Ltd. |
17,023 | 418,582 | ||||||
| Origin Energy Ltd. |
31,097 | 472,376 | ||||||
| QBE Insurance Group Ltd. |
55,017 | 1,051,860 | ||||||
| Rio Tinto Ltd. |
13,246 | 953,174 | ||||||
| Santos Ltd. |
21,739 | 292,513 | ||||||
| Sims Metal Management Ltd. |
10,175 | 202,285 | ||||||
| Sonic Healthcare Ltd. |
31,715 | 418,305 | ||||||
| Suncorp-Metway Ltd. |
110,117 | 863,145 | ||||||
| TABCORP Holdings Ltd. |
41,615 | 263,555 | ||||||
| Telstra Corp., Ltd. |
866,480 | 2,377,942 | ||||||
| Toll Holdings Ltd. |
40,672 | 276,994 | ||||||
| Wesfarmers Ltd. |
62,429 | 1,821,581 | ||||||
| Westpac Banking Corp. |
133,933 | 3,422,381 | ||||||
| Woodside Petroleum Ltd. |
22,245 | 957,584 | ||||||
| Woolworths Ltd. |
37,667 | 968,034 | ||||||
| WorleyParsons Ltd. |
11,853 | 276,878 | ||||||
| Total Australia | 40,372,370 | |||||||
| Investments | Shares | Value | ||||||
| Austria – 0.9% | ||||||||
| Bank Austria Creditanstalt AG*(b) |
3,774 | $ | — | |||||
| Erste Group Bank AG |
20,141 | 847,561 | ||||||
| OMV AG |
18,167 | 682,881 | ||||||
| Telekom Austria AG |
46,890 | 656,675 | ||||||
| Verbund-Oesterreichische Elektrizitaetswirtschafts AG Class A* |
13,300 | 528,909 | ||||||
| voestalpine AG |
30,681 | 1,243,358 | ||||||
| Total Austria | 3,959,384 | |||||||
| Belgium – 1.1% | ||||||||
| Anheuser-Busch InBev N.V. |
21,688 | 1,094,460 | ||||||
| Belgacom S.A. |
32,876 | 1,286,492 | ||||||
| Mobistar S.A. |
11,144 | 687,072 | ||||||
| Solvay S.A. |
7,787 | 801,939 | ||||||
| UCB S.A. |
18,212 | 779,077 | ||||||
| Total Belgium | 4,649,040 | |||||||
| Denmark – 0.3% | ||||||||
| Novo Nordisk A/S Class B |
19,820 | 1,540,743 | ||||||
| Finland – 1.7% | ||||||||
| Fortum Oyj |
48,694 | 1,193,228 | ||||||
| Kone Oyj Class B |
18,855 | 780,688 | ||||||
| Neste Oil Oyj* |
45,972 | 803,063 | ||||||
| Nokia Oyj |
124,796 | 1,946,972 | ||||||
| Rautaruukki Oyj |
28,530 | 617,663 | ||||||
| Sampo Oyj Class A |
43,613 | 1,159,010 | ||||||
| UPM–Kymmene Oyj |
56,693 | 753,688 | ||||||
| Total Finland | 7,254,312 | |||||||
| France – 13.1% | ||||||||
| Accor S.A. |
19,131 | 1,060,296 | ||||||
| Aeroports de Paris |
6,425 | 529,966 | ||||||
| Air Liquide S.A. |
7,291 | 876,841 | ||||||
| Alstom S.A. |
6,525 | 407,634 | ||||||
| AXA S.A. |
56,117 | 1,250,598 | ||||||
| BNP Paribas |
18,815 | 1,447,574 | ||||||
| Bourbon S.A. |
7,497 | 324,665 | ||||||
| Bouygues S.A. |
27,202 | 1,369,957 | ||||||
| Carrefour S.A. |
17,134 | 827,321 | ||||||
| Casino Guichard Perrachon S.A. |
9,709 | 823,048 | ||||||
| Christian Dior S.A. |
9,282 | 991,947 | ||||||
| CNP Assurances |
6,783 | 641,731 | ||||||
| Compagnie de Saint-Gobain |
32,843 | 1,582,058 | ||||||
| Credit Agricole S.A. |
93,383 | 1,637,580 | ||||||
| Danone |
17,058 | 1,029,420 | ||||||
| Electricite de France |
50,279 | 2,748,512 | ||||||
| France Telecom S.A. |
171,501 | 4,110,906 | ||||||
| GDF Suez |
87,376 | 3,381,333 | ||||||
| ICADE |
4,962 | 553,307 | ||||||
| Klepierre |
20,015 | 787,553 | ||||||
| Lafarge S.A. |
13,635 | 961,220 | ||||||
| Lagardere SCA |
13,269 | 537,910 | ||||||
| Legrand S.A. |
32,619 | 1,032,359 | ||||||
| L’Oreal S.A. |
9,623 | 1,013,805 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund (DWM)
March 31, 2010
| Investments | Shares | Value | ||||||
| LVMH Moet Hennessy Louis Vuitton S.A. |
12,794 | $ | 1,498,142 | |||||
| Neopost S.A. |
7,708 | 617,125 | ||||||
| PagesJaunes Groupe |
53,026 | 610,014 | ||||||
| Pernod-Ricard S.A. |
10,344 | 879,957 | ||||||
| PPR |
9,989 | 1,332,283 | ||||||
| Safran S.A. |
46,385 | 1,211,336 | ||||||
| Sanofi-Aventis S.A. |
51,404 | 3,838,725 | ||||||
| Schneider Electric S.A. |
15,778 | 1,853,965 | ||||||
| Societe Generale |
17,421 | 1,097,646 | ||||||
| Sodexo |
12,703 | 760,588 | ||||||
| Suez Environnement S.A. |
36,160 | 833,734 | ||||||
| Thales S.A. |
13,276 | 533,883 | ||||||
| TOTAL S.A. |
110,851 | 6,446,674 | ||||||
| Vallourec S.A. |
6,425 | 1,297,964 | ||||||
| Veolia Environnement |
29,273 | 1,017,166 | ||||||
| Vinci S.A. |
22,191 | 1,310,212 | ||||||
| Vivendi S.A. |
73,551 | 1,972,025 | ||||||
| Total France | 57,038,980 | |||||||
| Germany – 8.0% | ||||||||
| Allianz SE |
21,404 | 2,688,518 | ||||||
| BASF SE |
55,382 | 3,441,123 | ||||||
| Bayer AG |
25,270 | 1,712,377 | ||||||
| Bayerische Motoren Werke AG |
11,154 | 515,861 | ||||||
| Beiersdorf AG |
10,709 | 641,705 | ||||||
| Deutsche Bank AG |
8,934 | 689,412 | ||||||
| Deutsche Boerse AG |
9,856 | 731,888 | ||||||
| Deutsche Post AG |
77,463 | 1,346,350 | ||||||
| Deutsche Telekom AG |
352,830 | 4,790,850 | ||||||
| E.ON AG |
93,177 | 3,446,335 | ||||||
| Fresenius Medical Care AG & Co. KGaA |
16,596 | 938,101 | ||||||
| K+S AG |
10,169 | 618,222 | ||||||
| Linde AG |
6,500 | 776,963 | ||||||
| MAN SE |
9,138 | 766,359 | ||||||
| Merck KGAA |
7,850 | 637,310 | ||||||
| Metro AG |
12,426 | 738,454 | ||||||
| Muenchener Rueckversicherungs AG |
11,360 | 1,846,851 | ||||||
| RWE AG |
32,839 | 2,914,899 | ||||||
| SAP AG |
32,056 | 1,555,426 | ||||||
| Siemens AG |
24,846 | 2,492,857 | ||||||
| ThyssenKrupp AG |
43,208 | 1,488,219 | ||||||
| Volkswagen AG |
2,278 | 220,389 | ||||||
| Total Germany | 34,998,469 | |||||||
| Hong Kong – 4.8% | ||||||||
| Cheung Kong (Holdings) Ltd. |
65,000 | 837,122 | ||||||
| China Merchants Holdings International Co., Ltd. |
108,000 | 397,800 | ||||||
| China Mobile Ltd. |
598,500 | 5,757,846 | ||||||
| China Overseas Land & Investment Ltd. |
134,000 | 302,698 | ||||||
| China Resources Enterprise |
108,000 | 401,278 | ||||||
| China Unicom Hong Kong Ltd. |
480,000 | 540,291 | ||||||
| CLP Holdings Ltd. |
103,000 | 736,217 | ||||||
| CNOOC Ltd. |
1,748,300 | 2,877,545 | ||||||
| Hang Lung Group Ltd. |
68,000 | 360,812 | ||||||
| Hang Lung Properties Ltd. |
175,000 | 705,436 | ||||||
| Investments | Shares | Value | ||||||
| Hang Seng Bank Ltd. |
97,500 | $ | 1,358,649 | |||||
| Henderson Land Development Co., Ltd. |
75,000 | 528,353 | ||||||
| Hong Kong & China Gas Co., Ltd. |
162,000 | 403,920 | ||||||
| Hong Kong Exchanges and Clearing Ltd. |
39,300 | 655,953 | ||||||
| Hongkong Electric Holdings Ltd. |
93,000 | 551,554 | ||||||
| Hutchison Whampoa Ltd. |
132,000 | 965,601 | ||||||
| MTR Corp. |
78,000 | 295,337 | ||||||
| New World Development Ltd. |
148,000 | 289,721 | ||||||
| Shanghai Industrial Holdings Ltd. |
58,000 | 265,921 | ||||||
| Sino Land Co., Ltd. |
210,000 | 411,632 | ||||||
| Sinotrans Shipping Ltd. |
488,500 | 233,407 | ||||||
| Sun Hung Kai Properties Ltd. |
66,000 | 992,801 | ||||||
| Television Broadcasts Ltd. |
45,000 | 217,909 | ||||||
| Wharf Holdings Ltd. |
136,000 | 766,289 | ||||||
| Total Hong Kong | 20,854,092 | |||||||
| Ireland – 0.2% | ||||||||
| CRH PLC |
28,701 | 717,676 | ||||||
| Italy – 4.8% | ||||||||
| A2A SpA |
325,065 | 610,945 | ||||||
| Atlantia SpA |
36,706 | 858,244 | ||||||
| Edison SpA |
434,091 | 662,551 | ||||||
| Enel SpA |
676,911 | 3,791,941 | ||||||
| ENI SpA |
250,589 | 5,889,678 | ||||||
| Finmeccanica SpA |
48,186 | 644,180 | ||||||
| Mediaset SpA |
160,962 | 1,385,193 | ||||||
| Mediobanca SpA* |
91,306 | 982,809 | ||||||
| Parmalat SpA |
288,577 | 791,685 | ||||||
| Saipem SpA |
32,193 | 1,248,003 | ||||||
| Snam Rete Gas SpA |
180,339 | 915,672 | ||||||
| Telecom Italia SpA |
725,110 | 1,045,902 | ||||||
| Telecom Italia SpA RSP |
793,456 | 896,477 | ||||||
| Terna Rete Elettrica Nazionale SpA |
172,634 | 748,075 | ||||||
| Unione di Banche Italiane SCPA |
40,516 | 547,674 | ||||||
| Total Italy | 21,019,029 | |||||||
| Japan – 12.6% | ||||||||
| ACOM Co., Ltd. |
5,530 | 90,549 | ||||||
| Advan Co., Ltd. |
7,300 | 51,719 | ||||||
| Advantest Corp. |
5,200 | 130,111 | ||||||
| Aeon Co., Ltd. |
16,100 | 182,814 | ||||||
| Aeon Credit Service Co., Ltd. |
5,500 | 65,336 | ||||||
| Aichi Corp. |
4,100 | 17,771 | ||||||
| Aisin Seiki Co., Ltd. |
8,100 | 242,723 | ||||||
| Ajinomoto Co., Inc. |
24,000 | 237,842 | ||||||
| Amada Co., Ltd. |
25,000 | 209,760 | ||||||
| Asahi Breweries Ltd. |
12,500 | 234,509 | ||||||
| Asahi Glass Co., Ltd. |
34,000 | 383,155 | ||||||
| Asahi Kasei Corp. |
34,000 | 183,027 | ||||||
| Astellas Pharma, Inc. |
13,300 | 481,812 | ||||||
| Bank of Yokohama Ltd. (The) |
21,000 | 102,932 | ||||||
| Belluna Co., Ltd. |
3,750 | 15,933 | ||||||
| Bridgestone Corp. |
18,400 | 314,281 | ||||||
| Brother Industries Ltd. |
13,400 | 162,051 | ||||||
| Canon Marketing Japan, Inc. |
15,800 | 215,255 | ||||||
See Notes to Financial Statements.
| 34 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund (DWM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Canon, Inc. |
35,200 | $ | 1,631,164 | |||||
| Casio Computer Co., Ltd. |
10,900 | 83,873 | ||||||
| Chiba Bank Ltd. (The) |
26,000 | 155,544 | ||||||
| Chiyoda Integre Co., Ltd. |
7,700 | 103,831 | ||||||
| Chubu Electric Power Co., Inc. |
15,700 | 392,668 | ||||||
| Chuetsu Pulp & Paper Co., Ltd. |
7,000 | 12,586 | ||||||
| Chugai Pharmaceutical Co., Ltd. |
10,500 | 197,549 | ||||||
| Chugoku Electric Power Co., Inc. (The) |
10,600 | 210,775 | ||||||
| Chuo Mitsui Trust Holdings, Inc. |
51,000 | 191,577 | ||||||
| Citizen Holdings Co., Ltd. |
2,000 | 13,677 | ||||||
| CKD Corp. |
2,900 | 24,270 | ||||||
| Coca-Cola West Co., Ltd. |
10,000 | 163,634 | ||||||
| Cosmo Oil Co., Ltd. |
33,000 | 79,816 | ||||||
| Credit Saison Co., Ltd. |
5,200 | 80,693 | ||||||
| Dai Nippon Printing Co., Ltd. |
22,000 | 297,367 | ||||||
| Daiichi Sankyo Co., Ltd. |
29,400 | 550,935 | ||||||
| Daikin Industries Ltd. |
3,400 | 139,180 | ||||||
| Daikoku Denki Co., Ltd. |
1,000 | 17,616 | ||||||
| Dainippon Sumitomo Pharma Co., Ltd. |
16,900 | 155,001 | ||||||
| Daito Trust Construction Co., Ltd. |
4,700 | 226,851 | ||||||
| Daiwa House Industry Co., Ltd. |
27,000 | 304,848 | ||||||
| Daiwa Securities Group, Inc. |
7,000 | 36,858 | ||||||
| DENSO Corp. |
11,200 | 333,819 | ||||||
| DIC Corp. |
100,000 | 216,182 | ||||||
| East Japan Railway Co. |
3,600 | 250,428 | ||||||
| Eisai Co., Ltd. |
10,800 | 385,467 | ||||||
| Electric Power Development Co., Ltd. |
5,200 | 171,404 | ||||||
| FamilyMart Co., Ltd. |
5,200 | 165,561 | ||||||
| Fanuc Ltd. |
2,600 | 276,027 | ||||||
| Fast Retailing Co., Ltd. |
1,800 | 313,035 | ||||||
| FUJIFILM Holdings Corp. |
5,100 | 175,749 | ||||||
| Fujitsu Ltd. |
26,000 | 170,291 | ||||||
| Fukuoka Financial Group, Inc. |
41,500 | 176,322 | ||||||
| Furukawa Electric Co., Ltd. |
26,000 | 135,231 | ||||||
| Hakuhodo DY Holdings, Inc. |
200 | 10,531 | ||||||
| Hamamatsu Photonics K.K. |
7,400 | 209,313 | ||||||
| Hankyu Hanshin Holdings, Inc. |
27,000 | 125,118 | ||||||
| Hirose Electric Co., Ltd. |
800 | 92,295 | ||||||
| Hiroshima Bank Ltd. (The) |
44,000 | 186,002 | ||||||
| Hisamitsu Pharmaceutical Co., Inc. |
5,100 | 189,667 | ||||||
| Hitachi Capital Corp. |
7,400 | 105,409 | ||||||
| Hitachi Chemical Co., Ltd. |
9,900 | 214,020 | ||||||
| Hitachi Construction Machinery Co., Ltd. |
8,200 | 193,855 | ||||||
| Hitachi High-Technologies Corp. |
7,300 | 167,578 | ||||||
| Hitachi Koki Co., Ltd. |
11,200 | 120,702 | ||||||
| Hitachi Metals Ltd. |
8,000 | 84,161 | ||||||
| Hokkaido Electric Power Co., Inc. |
10,700 | 205,435 | ||||||
| Hokuhoku Financial Group, Inc. |
76,000 | 166,738 | ||||||
| Hokuriku Electric Power Co. |
7,400 | 162,825 | ||||||
| Honda Motor Co., Ltd. |
46,700 | 1,649,294 | ||||||
| Honeys Co., Ltd. |
3,320 | 28,496 | ||||||
| HOYA CORP. |
6,400 | 175,959 | ||||||
| Ibiden Co., Ltd. |
2,600 | 89,598 | ||||||
| Idec Corp. |
8,900 | 79,913 | ||||||
| Investments | Shares | Value | ||||||
| Idemitsu Kosan Co., Ltd. |
800 | $ | 60,616 | |||||
| Inabata & Co., Ltd. |
13,300 | 62,771 | ||||||
| Isetan Mitsukoshi Holdings Ltd. |
600 | 6,453 | ||||||
| Ito En Ltd. |
2,600 | 40,263 | ||||||
| ITOCHU Corp. |
49,000 | 429,484 | ||||||
| Itochu Techno-Solutions Corp. |
5,000 | 164,277 | ||||||
| Izumi Co., Ltd. |
600 | 7,872 | ||||||
| Japan Steel Works Ltd. (The) |
8,000 | 91,695 | ||||||
| Japan Tobacco, Inc. |
135 | 502,783 | ||||||
| JFE Holdings, Inc. |
13,100 | 527,841 | ||||||
| JGC Corp. |
8,000 | 142,808 | ||||||
| Joyo Bank Ltd. (The) |
34,000 | 151,734 | ||||||
| JS Group Corp. |
13,100 | 266,795 | ||||||
| JSR Corp. |
9,900 | 206,921 | ||||||
| JTEKT Corp. |
600 | 7,089 | ||||||
| Kajima Corp. |
51,000 | 124,989 | ||||||
| Kaneka Corp. |
25,000 | 162,136 | ||||||
| Kansai Electric Power Co., Inc. (The) |
20,800 | 476,815 | ||||||
| Kao Corp. |
15,100 | 382,994 | ||||||
| Kawasaki Heavy Industries Ltd. |
33,000 | 91,117 | ||||||
| KDDI Corp. |
95 | 492,080 | ||||||
| Kintetsu Corp. |
34,000 | 105,886 | ||||||
| Kirin Holdings Co., Ltd. |
18,000 | 265,646 | ||||||
| Kokuyo Co., Ltd. |
600 | 5,002 | ||||||
| Komatsu Ltd. |
23,100 | 484,546 | ||||||
| Konami Corp. |
7,300 | 140,859 | ||||||
| Konica Minolta Holdings, Inc. |
13,000 | 151,787 | ||||||
| Kubota Corp. |
25,000 | 227,954 | ||||||
| Kuraray Co., Ltd. |
13,500 | 181,753 | ||||||
| Kurita Water Industries Ltd. |
3,400 | 96,244 | ||||||
| Kyocera Corp. |
2,500 | 243,739 | ||||||
| Kyowa Hakko Kirin Co., Ltd. |
17,000 | 175,567 | ||||||
| Kyushu Electric Power Co., Inc. |
13,900 | 302,724 | ||||||
| Lawson, Inc. |
5,200 | 222,046 | ||||||
| Mabuchi Motor Co., Ltd. |
2,700 | 155,458 | ||||||
| Makita Corp. |
5,900 | 194,478 | ||||||
| Marubeni Corp. |
52,000 | 323,330 | ||||||
| Marui Group Co., Ltd. |
28,500 | 206,796 | ||||||
| Matsui Securities Co., Ltd. |
600 | 4,289 | ||||||
| Medipal Holdings Corp. |
12,200 | 144,536 | ||||||
| Mitsubishi Chemical Holdings Corp. |
53,400 | 273,172 | ||||||
| Mitsubishi Corp. |
38,700 | 1,014,715 | ||||||
| Mitsubishi Estate Co., Ltd. |
8,000 | 130,993 | ||||||
| Mitsubishi Gas Chemical Co., Inc. |
27,000 | 162,682 | ||||||
| Mitsubishi Heavy Industries Ltd. |
49,000 | 202,943 | ||||||
| Mitsubishi Tanabe Pharma Corp. |
18,000 | 254,281 | ||||||
| Mitsubishi UFJ Financial Group, Inc. |
211,000 | 1,106,485 | ||||||
| Mitsubishi UFJ Lease & Finance Co., Ltd. |
1,820 | 66,224 | ||||||
| Mitsui & Co., Ltd. |
37,600 | 632,166 | ||||||
| Mitsui Engineering & Shipbuilding Co., Ltd. |
6,000 | 14,961 | ||||||
| Mitsui Fudosan Co., Ltd. |
9,000 | 152,857 | ||||||
| Mitsui O.S.K. Lines Ltd. |
52,000 | 373,416 | ||||||
| Mizuho Financial Group, Inc. |
390,000 | 772,153 | ||||||
| MS&AD Insurance Group Holdings |
13,330 | 370,199 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund (DWM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Namco Bandai Holdings, Inc. |
10,100 | $ | 98,471 | |||||
| NGK Insulators Ltd. |
1,000 | 20,409 | ||||||
| Nikon Corp. |
7,800 | 170,375 | ||||||
| Nippon Electric Glass Co., Ltd. |
8,000 | 112,757 | ||||||
| Nippon Express Co., Ltd. |
44,000 | 189,298 | ||||||
| Nippon Mining Holdings, Inc. |
25,000 | 114,913 | ||||||
| Nippon Oil Corp. |
44,000 | 218,022 | ||||||
| Nippon Paper Group, Inc. |
7,500 | 193,038 | ||||||
| Nippon Steel Corp. |
55,000 | 216,021 | ||||||
| Nippon Telegraph & Telephone Corp. |
41,100 | 1,733,027 | ||||||
| Nippon Television Network Corp. |
1,340 | 182,414 | ||||||
| Nippon Yusen K.K. |
51,000 | 201,402 | ||||||
| Nipponkoa Insurance Co., Ltd. |
17,000 | 105,340 | ||||||
| Nisshin Seifun Group, Inc. |
13,500 | 174,385 | ||||||
| Nisshin Steel Co., Ltd. |
52,000 | 108,519 | ||||||
| Nissin Foods Holdings Co., Ltd. |
5,200 | 175,021 | ||||||
| Nitori Co., Ltd. |
300 | 22,795 | ||||||
| Nitto Denko Corp. |
7,400 | 287,479 | ||||||
| NOK Corp. |
600 | 9,035 | ||||||
| Nomura Real Estate Holdings, Inc. |
8,900 | 137,348 | ||||||
| Nomura Research Institute Ltd. |
7,800 | 177,804 | ||||||
| NSK Ltd. |
26,000 | 205,351 | ||||||
| NTN Corp. |
27,000 | 121,939 | ||||||
| NTT DoCoMo, Inc. |
1,327 | 2,022,312 | ||||||
| Obayashi Corp. |
27,000 | 119,917 | ||||||
| Odakyu Electric Railway Co., Ltd. |
18,000 | 149,872 | ||||||
| OJI Paper Co., Ltd. |
43,000 | 188,677 | ||||||
| Onward Holdings Co., Ltd. |
17,000 | 132,631 | ||||||
| Oracle Corp. |
6,600 | 306,196 | ||||||
| Oriental Land Co., Ltd. |
2,600 | 181,421 | ||||||
| Osaka Gas Co., Ltd. |
51,000 | 182,845 | ||||||
| Otsuka Corp. |
2,500 | 158,926 | ||||||
| Panasonic Corp. |
46,700 | 714,694 | ||||||
| Panasonic Electric Works Co., Ltd. |
25,000 | 315,711 | ||||||
| Park24 Co., Ltd. |
16,200 | 165,745 | ||||||
| Point, Inc. |
60 | 3,596 | ||||||
| Promise Co., Ltd. |
6,500 | 60,311 | ||||||
| Resona Holdings, Inc. |
10,000 | 126,498 | ||||||
| Ricoh Co., Ltd. |
18,000 | 281,250 | ||||||
| Sankei Building Co., Ltd. (The) |
6,300 | 39,240 | ||||||
| Sankyo Co., Ltd. |
2,600 | 128,692 | ||||||
| Secom Co., Ltd. |
4,800 | 210,103 | ||||||
| Sega Sammy Holdings, Inc. |
9,800 | 118,724 | ||||||
| Seikagaku Corp. |
600 | 6,274 | ||||||
| Seiko Epson Corp. |
7,300 | 113,438 | ||||||
| Sekisui Chemical Co., Ltd. |
18,000 | 122,132 | ||||||
| Sekisui House Ltd. |
17,000 | 169,927 | ||||||
| Seven & I Holdings Co., Ltd. |
15,900 | 384,397 | ||||||
| Sharp Corp. |
24,000 | 300,257 | ||||||
| Shikoku Electric Power Co., Inc. |
5,000 | 141,749 | ||||||
| Shimizu Corp. |
33,000 | 137,735 | ||||||
| Shin-Etsu Chemical Co., Ltd. |
7,400 | 430,030 | ||||||
| Shinko Electric Industries Co., Ltd. |
600 | 9,285 | ||||||
| Shinko Shoji Co., Ltd. |
2,200 | 19,000 | ||||||
| Investments | Shares | Value | ||||||
| Shionogi & Co., Ltd. |
7,800 | $ | 148,420 | |||||
| Shiseido Co., Ltd. |
18,500 | 401,916 | ||||||
| Shizuoka Bank Ltd. (The) |
18,000 | 156,999 | ||||||
| Showa Corp.* |
800 | 6,370 | ||||||
| Showa Denko K.K. |
99,000 | 223,555 | ||||||
| Showa Shell Sekiyu K.K. |
14,900 | 100,779 | ||||||
| SMC Corp. |
800 | 108,647 | ||||||
| Softbank Corp. |
600 | 14,788 | ||||||
| Sohgo Security Services Co., Ltd. |
600 | 6,954 | ||||||
| Sojitz Corp. |
54,700 | 105,958 | ||||||
| Sompo Japan Insurance, Inc. |
26,000 | 176,969 | ||||||
| Sony Corp. |
13,300 | 509,568 | ||||||
| Square Enix Holdings Co., Ltd. |
600 | 13,125 | ||||||
| Stanley Electric Co., Ltd. |
9,900 | 192,088 | ||||||
| Starzen Co., Ltd. |
35,000 | 93,268 | ||||||
| Sumitomo Chemical Co., Ltd. |
42,000 | 205,415 | ||||||
| Sumitomo Corp. |
39,800 | 457,887 | ||||||
| Sumitomo Electric Industries Ltd. |
16,100 | 197,459 | ||||||
| Sumitomo Metal Industries Ltd. |
159,000 | 481,560 | ||||||
| Sumitomo Mitsui Financial Group, Inc. |
13,100 | 433,208 | ||||||
| Sumitomo Real Estate Sales Co., Ltd. |
380 | 16,511 | ||||||
| Sumitomo Realty & Development Co., Ltd. |
11,000 | 209,429 | ||||||
| Sumitomo Rubber Industries, Inc. |
23,300 | 205,471 | ||||||
| Sumitomo Trust & Banking Co., Ltd. (The) |
42,000 | 246,319 | ||||||
| Suzuken Co., Ltd. |
5,200 | 183,369 | ||||||
| Suzuki Motor Corp. |
7,300 | 161,172 | ||||||
| T&D Holdings, Inc. |
4,400 | 104,208 | ||||||
| Taisei Corp. |
72,000 | 158,733 | ||||||
| Taiyo Nippon Sanso Corp. |
17,000 | 166,289 | ||||||
| Takeda Pharmaceutical Co., Ltd. |
29,200 | 1,285,938 | ||||||
| Takefuji Corp. |
18,370 | 78,246 | ||||||
| TDK Corp. |
4,400 | 292,894 | ||||||
| Teijin Ltd. |
43,000 | 144,499 | ||||||
| Terumo Corp. |
1,900 | 101,263 | ||||||
| THK Co., Ltd. |
600 | 13,099 | ||||||
| Tobu Railway Co., Ltd. |
26,000 | 144,414 | ||||||
| Toho Co., Ltd. |
600 | 9,670 | ||||||
| Toho Gas Co., Ltd. |
24,000 | 130,993 | ||||||
| Tohoku Electric Power Co., Inc. |
14,000 | 296,062 | ||||||
| Tokai Rika Co., Ltd. |
600 | 12,322 | ||||||
| Token Corp. |
70 | 2,002 | ||||||
| Tokio Marine Holdings, Inc. |
9,000 | 253,607 | ||||||
| Tokyo Electric Power Co., Inc. (The) |
21,600 | 576,062 | ||||||
| Tokyo Electron Ltd. |
800 | 53,082 | ||||||
| Tokyo Gas Co., Ltd. |
58,000 | 255,736 | ||||||
| Tokyo Tatemono Co., Ltd. |
21,000 | 75,514 | ||||||
| Tokyu Corp. |
26,000 | 108,797 | ||||||
| Tokyu Land Corp. |
31,000 | 118,440 | ||||||
| Tokyu Livable, Inc. |
2,200 | 20,060 | ||||||
| TonenGeneral Sekiyu K.K. |
22,000 | 185,766 | ||||||
| Toppan Printing Co., Ltd. |
24,000 | 216,781 | ||||||
| Toray Industries, Inc. |
26,000 | 151,926 | ||||||
| TOTO Ltd. |
18,000 | 122,710 | ||||||
| Toyo Seikan Kaisha Ltd. |
600 | 10,634 | ||||||
See Notes to Financial Statements.
| 36 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund (DWM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Toyoda Gosei Co., Ltd. |
600 | $ | 16,830 | |||||
| Toyota Boshoku Corp. |
600 | 11,533 | ||||||
| Toyota Motor Corp. |
52,200 | 2,092,134 | ||||||
| Toyota Tsusho Corp. |
10,000 | 156,892 | ||||||
| Trend Micro, Inc. |
5,000 | 174,443 | ||||||
| Ube Industries Ltd. |
6,000 | 15,411 | ||||||
| UNY Co., Ltd. |
2,200 | 18,200 | ||||||
| Ushio, Inc. |
1,200 | 20,368 | ||||||
| USS Co., Ltd. |
3,560 | 241,931 | ||||||
| Yamada Denki Co., Ltd. |
200 | 14,769 | ||||||
| Yamaha Corp. |
10,000 | 129,174 | ||||||
| Yamatake Corp. |
7,400 | 173,121 | ||||||
| Yamato Holdings Co., Ltd. |
16,800 | 236,250 | ||||||
| Yamazen Corp. |
9,900 | 42,062 | ||||||
| Yokogawa Electric Corp.* |
15,600 | 135,899 | ||||||
| Total Japan | 55,020,454 | |||||||
| Netherlands – 2.5% | ||||||||
| Akzo Nobel N.V. |
17,350 | 990,581 | ||||||
| Heineken N.V. |
19,770 | 1,017,867 | ||||||
| Koninklijke Ahold N.V. |
48,404 | 646,440 | ||||||
| Koninklijke DSM N.V. |
20,136 | 899,527 | ||||||
| Koninklijke KPN N.V. |
96,107 | 1,525,397 | ||||||
| Koninklijke Philips Electronics N.V. |
59,832 | 1,921,958 | ||||||
| Reed Elsevier N.V. |
44,338 | 539,824 | ||||||
| STMicroelectronics N.V. |
72,803 | 726,016 | ||||||
| Unilever N.V. CVA |
58,763 | 1,780,675 | ||||||
| Wolters Kluwer N.V. |
33,295 | 723,301 | ||||||
| Total Netherlands | 10,771,586 | |||||||
| New Zealand – 0.3% | ||||||||
| Contact Energy Ltd.* |
76,701 | 348,308 | ||||||
| Fletcher Building Ltd. |
59,275 | 351,189 | ||||||
| Telecom Corp. of New Zealand Ltd. |
269,550 | 415,033 | ||||||
| Total New Zealand | 1,114,530 | |||||||
| Norway – 1.2% | ||||||||
| Fred Olsen Energy ASA |
26,301 | 1,008,049 | ||||||
| Orkla ASA |
93,849 | 830,865 | ||||||
| Statoil ASA |
156,359 | 3,624,678 | ||||||
| Total Norway | 5,463,592 | |||||||
| Portugal – 0.8% | ||||||||
| Banco Espirito Santo S.A. |
86,962 | 470,673 | ||||||
| Brisa Auto-Estradas de Portugal S.A. |
77,179 | 655,826 | ||||||
| EDP-Energias de Portugal S.A. |
172,498 | 686,917 | ||||||
| Galp Energia, SGPS, S.A. Class B |
43,455 | 756,154 | ||||||
| Portugal Telecom, SGPS, S.A. |
100,456 | 1,125,203 | ||||||
| Total Portugal | 3,694,773 | |||||||
| Singapore – 2.4% | ||||||||
| CapitaLand Ltd. |
180,000 | 511,141 | ||||||
| Cosco Corp.(Singapore) Ltd. |
326,000 | 289,146 | ||||||
| DBS Group Holdings Ltd. |
38,000 | 388,684 | ||||||
| Fraser and Neave Ltd. |
78,000 | 267,802 | ||||||
| Jardine Cycle & Carriage Ltd. |
21,000 | 441,315 | ||||||
| Keppel Corp., Ltd. |
95,000 | 619,720 | ||||||
| Investments | Shares | Value | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
136,000 | $ | 847,294 | |||||
| Pacific Century Regional Developments Ltd. |
1,530,000 | 213,404 | ||||||
| SembCorp Industries Ltd. |
105,000 | 310,182 | ||||||
| SembCorp Marine Ltd. |
141,000 | 422,581 | ||||||
| SIA Engineering Co., Ltd. |
163,000 | 413,898 | ||||||
| Singapore Airlines Ltd. |
86,000 | 935,017 | ||||||
| Singapore Airport Terminal Services Ltd. |
252,000 | 477,665 | ||||||
| Singapore Exchange Ltd. |
93,000 | 508,887 | ||||||
| Singapore Press Holdings Ltd. |
113,000 | 308,759 | ||||||
| Singapore Technologies Engineering Ltd. |
164,000 | 374,207 | ||||||
| Singapore Telecommunications Ltd. |
588,000 | 1,333,257 | ||||||
| StarHub Ltd. |
208,000 | 340,703 | ||||||
| United Overseas Bank Ltd. |
69,000 | 948,593 | ||||||
| Wilmar International Ltd. |
104,000 | 498,408 | ||||||
| Total Singapore | 10,450,663 | |||||||
| Spain – 7.3% | ||||||||
| Abertis Infraestructuras, S.A. |
30,272 | 583,695 | ||||||
| Acciona, S.A. |
3,209 | 356,530 | ||||||
| ACS Actividades de Construccion y Servicios, S.A. |
14,579 | 673,869 | ||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
188,200 | 2,579,638 | ||||||
| Banco de Sabadell S.A. |
97,492 | 539,274 | ||||||
| Banco Espanol de Credito S.A. |
66,050 | 697,103 | ||||||
| Banco Pastor S.A. |
46,417 | 269,755 | ||||||
| Banco Popular Espanol S.A. |
97,904 | 721,982 | ||||||
| Banco Santander S.A. |
518,882 | 6,908,653 | ||||||
| Bolsas y Mercados Espanoles S.A. |
22,714 | 609,154 | ||||||
| Cia Espanola de Petroleos S.A. |
10,031 | 282,860 | ||||||
| Criteria Caixacorp S.A. |
260,221 | 1,291,873 | ||||||
| Ferrovial S.A. |
85,526 | 833,221 | ||||||
| Fomento de Construcciones y Contratas S.A. |
15,212 | 557,912 | ||||||
| Gas Natural SDG S.A. |
85,560 | 1,582,592 | ||||||
| Gestevision Telecinco S.A. |
48,592 | 764,013 | ||||||
| Iberdrola S.A. |
194,578 | 1,652,103 | ||||||
| Inditex S.A. |
28,917 | 1,909,621 | ||||||
| Mapfre S.A. |
199,804 | 734,283 | ||||||
| Red Electrica Corp. S.A. |
8,069 | 433,833 | ||||||
| Repsol YPF S.A. |
72,615 | 1,722,416 | ||||||
| Telefonica S.A. |
241,425 | 5,729,827 | ||||||
| Zardoya Otis, S.A. |
22,888 | 397,342 | ||||||
| Total Spain | 31,831,549 | |||||||
| Sweden – 2.8% | ||||||||
| Atlas Copco AB Class A |
67,288 | 1,047,139 | ||||||
| Hennes & Mauritz AB Class B |
36,551 | 2,382,392 | ||||||
| Nordea Bank AB |
102,455 | 1,014,300 | ||||||
| Sandvik AB |
96,264 | 1,207,145 | ||||||
| Skanska AB Class B |
66,474 | 1,211,809 | ||||||
| Svenska Cellulosa AB Class B* |
55,990 | 791,966 | ||||||
| Svenska Handelsbanken AB Class A |
41,700 | 1,226,028 | ||||||
| Tele2 AB Class B |
60,922 | 1,020,022 | ||||||
| Telefonaktiebolaget LM Ericsson Class B |
80,961 | 856,070 | ||||||
| TeliaSonera AB* |
190,560 | 1,356,982 | ||||||
| Total Sweden | 12,113,853 | |||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 37 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree DEFA Fund (DWM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Switzerland – 5.5% | ||||||||
| Adecco S.A. |
18,352 | $ | 1,043,530 | |||||
| Compagnie Financiere Richemont S.A. Class A |
43,921 | 1,703,762 | ||||||
| Geberit AG |
5,801 | 1,039,997 | ||||||
| Holcim Ltd.* |
16,632 | 1,242,008 | ||||||
| Kuehne + Nagel International AG |
6,571 | 666,121 | ||||||
| Nestle S.A. |
106,850 | 5,481,830 | ||||||
| Novartis AG |
94,377 | 5,106,427 | ||||||
| Roche Holding AG |
19,562 | 3,178,093 | ||||||
| SGS S.A. |
782 | 1,080,260 | ||||||
| Swisscom AG |
3,111 | 1,137,345 | ||||||
| Syngenta AG |
2,279 | 633,976 | ||||||
| Zurich Financial Services AG |
7,212 | 1,852,077 | ||||||
| Total Switzerland | 24,165,426 | |||||||
| United Kingdom – 19.2% | ||||||||
| Admiral Group PLC |
39,860 | 798,120 | ||||||
| Antofagasta PLC |
83,831 | 1,322,498 | ||||||
| Associated British Foods PLC |
56,812 | 843,253 | ||||||
| AstraZeneca PLC |
64,415 | 2,871,731 | ||||||
| Aviva PLC |
169,717 | 991,931 | ||||||
| BAE Systems PLC |
192,523 | 1,084,338 | ||||||
| BG Group PLC |
34,517 | 597,153 | ||||||
| BHP Billiton PLC |
75,730 | 2,596,172 | ||||||
| BP PLC |
1,092,770 | 10,333,624 | ||||||
| British American Tobacco PLC |
70,976 | 2,445,577 | ||||||
| British Land Co. PLC |
120,683 | 880,721 | ||||||
| British Sky Broadcasting Group PLC |
72,836 | 665,120 | ||||||
| BT Group PLC |
1,129,707 | 2,123,216 | ||||||
| Cable & Wireless Communications PLC |
332,856 | 279,467 | ||||||
| Cable & Wireless Worldwide* |
332,856 | 464,517 | ||||||
| Centrica PLC |
241,218 | 1,075,391 | ||||||
| Compass Group PLC |
139,616 | 1,113,982 | ||||||
| Diageo PLC |
94,717 | 1,589,060 | ||||||
| Drax Group PLC |
96,362 | 546,097 | ||||||
| Eurasian Natural Resources Corp. PLC |
61,331 | 1,108,954 | ||||||
| GlaxoSmithKline PLC |
220,259 | 4,228,175 | ||||||
| HSBC Holdings PLC |
692,439 | 7,016,412 | ||||||
| Imperial Tobacco Group PLC |
39,659 | 1,209,191 | ||||||
| International Power PLC |
149,786 | 724,574 | ||||||
| J. Sainsbury PLC |
138,278 | 687,154 | ||||||
| Legal & General Group PLC |
493,635 | 659,314 | ||||||
| Man Group PLC |
204,129 | 747,789 | ||||||
| Marks & Spencer Group PLC |
164,527 | 923,663 | ||||||
| National Grid PLC |
142,183 | 1,383,571 | ||||||
| Pearson PLC |
66,636 | 1,047,191 | ||||||
| Prudential PLC |
117,795 | 978,291 | ||||||
| Reckitt Benckiser Group PLC |
17,058 | 935,909 | ||||||
| Reed Elsevier PLC |
74,586 | 594,548 | ||||||
| Rio Tinto PLC |
34,624 | 2,050,951 | ||||||
| Royal Dutch Shell PLC Class A |
167,044 | 4,839,733 | ||||||
| Royal Dutch Shell PLC Class B |
151,324 | 4,167,362 | ||||||
| RSA Insurance Group PLC |
333,574 | 645,148 | ||||||
| SABMiller PLC |
44,482 | 1,303,613 | ||||||
| Investments | Shares | Value | ||||||
| Scottish & Southern Energy PLC |
47,774 | $ | 797,877 | |||||
| Segro PLC |
191,729 | 929,505 | ||||||
| Severn Trent PLC |
35,442 | 642,456 | ||||||
| Standard Chartered PLC |
75,816 | 2,067,221 | ||||||
| Standard Life PLC |
205,054 | 623,026 | ||||||
| Tesco PLC |
204,129 | 1,348,342 | ||||||
| Unilever PLC |
54,040 | 1,586,183 | ||||||
| United Utilities Group PLC |
107,357 | 910,331 | ||||||
| Vodafone Group PLC |
2,723,040 | 6,278,483 | ||||||
| WM Morrison Supermarkets PLC |
158,619 | 706,188 | ||||||
| Total United Kingdom | 83,763,123 | |||||||
| United States – 0.2% | ||||||||
| Kraft Foods, Inc. Class A |
22,189 | 670,991 | ||||||
| TOTAL COMMON STOCKS (Cost: $423,249,816) |
431,464,635 | |||||||
| RIGHTS – 0.0% | ||||||||
| Germany – 0.0% | ||||||||
| Volkswagen AG, expiring 4/13/10* |
2,278 | 1,418 | ||||||
| Spain – 0.0% | ||||||||
| Banco Pastor S.A., expiring 4/19/10* |
46,417 | 6,029 | ||||||
| TOTAL RIGHTS (Cost: $0) |
7,447 | |||||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $423,249,816) |
431,472,082 | |||||||
| SHORT-TERM INVESTMENT – 0.7% | ||||||||
| MONEY MARKET FUND – 0.7% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(c) |
||||||||
| (Cost: $3,252,437) | 3,252,437 | 3,252,437 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $426,502,253) |
434,724,519 | |||||||
| Foreign Currency and Other Assets in Excess of Liabilities – 0.3% |
1,181,085 | |||||||
| NET ASSETS – 100.0% | $ | 435,905,604 | ||||||
RSP – Risparmio Italian Savings Shares
| * | Non-income producing security. |
| (a) | Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (b) | Escrow security – additional shares issued as a result of a corporate action. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
See Notes to Financial Statements.
| 38 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree DEFA Equity Income Fund (DTH)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.3% | ||||||||
| Australia – 11.4% | ||||||||
| Amcor Ltd. |
76,648 | $ | 449,545 | |||||
| AMP Ltd. |
74,021 | 425,305 | ||||||
| Australia & New Zealand Banking Group Ltd. |
72,073 | 1,677,619 | ||||||
| AXA Asia Pacific Holdings Ltd. |
64,598 | 374,721 | ||||||
| Bendigo and Adelaide Bank Ltd. |
6,068 | 55,695 | ||||||
| Brambles Ltd. |
72,691 | 491,055 | ||||||
| Challenger Financial Services Group Ltd. |
36,501 | 140,710 | ||||||
| Commonwealth Bank of Australia |
44,623 | 2,305,481 | ||||||
| Crown Ltd. |
69,342 | 520,620 | ||||||
| FKP Property Group |
578,266 | 379,494 | ||||||
| Foster’s Group Ltd. |
91,295 | 443,276 | ||||||
| Leighton Holdings Ltd.(a) |
15,184 | 543,529 | ||||||
| Lend Lease Group(b) |
15,625 | 124,197 | ||||||
| Macquarie Group Ltd. |
11,711 | 507,887 | ||||||
| National Australia Bank Ltd. |
67,011 | 1,692,646 | ||||||
| Orica Ltd. |
18,729 | 460,531 | ||||||
| QBE Insurance Group Ltd. |
28,717 | 549,035 | ||||||
| Suncorp-Metway Ltd. |
84,742 | 664,245 | ||||||
| Telstra Corp., Ltd. |
498,938 | 1,369,271 | ||||||
| Wesfarmers Ltd. |
41,910 | 1,222,869 | ||||||
| Westpac Banking Corp. |
68,805 | 1,758,170 | ||||||
| Total Australia | 16,155,901 | |||||||
| Austria – 0.7% | ||||||||
| Bank Austria Creditanstalt AG*(c) |
3,058 | — | ||||||
| Telekom Austria AG |
24,568 | 344,065 | ||||||
| voestalpine AG |
14,485 | 587,009 | ||||||
| Total Austria | 931,074 | |||||||
| Belgium – 1.0% | ||||||||
| Belgacom S.A. |
19,657 | 769,211 | ||||||
| Mobistar S.A. |
4,951 | 305,249 | ||||||
| Solvay S.A. |
3,697 | 380,733 | ||||||
| Total Belgium | 1,455,193 | |||||||
| Finland – 1.7% | ||||||||
| Fortum Oyj(a) |
26,029 | 637,831 | ||||||
| Neste Oil Oyj* |
21,989 | 384,115 | ||||||
| Poyry Oyj |
14,102 | 205,125 | ||||||
| Rautaruukki Oyj(a) |
15,291 | 331,044 | ||||||
| Sampo Oyj Class A |
20,442 | 543,244 | ||||||
| UPM-Kymmene Oyj(a) |
25,643 | 340,903 | ||||||
| Total Finland | 2,442,262 | |||||||
| France – 14.7% | ||||||||
| Accor S.A. |
10,523 | 583,216 | ||||||
| Bouygues S.A. |
13,484 | 679,086 | ||||||
| Casino Guichard Perrachon S.A. |
4,953 | 419,874 | ||||||
| Compagnie de Saint-Gobain |
16,663 | 802,662 | ||||||
| Credit Agricole S.A. |
49,707 | 871,670 | ||||||
| France Telecom S.A. |
103,558 | 2,482,301 | ||||||
| GDF Suez |
51,209 | 1,981,719 | ||||||
| Klepierre |
8,649 | 340,322 | ||||||
| Lagardere SCA(a) |
7,062 | 286,285 | ||||||
| Investments | Shares | Value | ||||||
| Legrand S.A. |
14,089 | $ | 445,903 | |||||
| Neopost S.A. |
3,671 | 293,911 | ||||||
| PagesJaunes Groupe(a) |
28,332 | 325,933 | ||||||
| PPR |
4,347 | 579,781 | ||||||
| Safran S.A. |
20,985 | 548,020 | ||||||
| Sanofi-Aventis S.A. |
27,577 | 2,059,383 | ||||||
| Schneider Electric S.A. |
8,681 | 1,020,045 | ||||||
| Suez Environnement S.A. |
15,652 | 360,885 | ||||||
| TOTAL S.A. |
65,158 | 3,789,343 | ||||||
| Vallourec S.A. |
3,026 | 611,306 | ||||||
| Veolia Environnement |
13,692 | 475,764 | ||||||
| Vinci S.A. |
12,952 | 764,718 | ||||||
| Vivendi S.A. |
44,112 | 1,182,716 | ||||||
| Total France | 20,904,843 | |||||||
| Germany – 9.0% | ||||||||
| Allianz SE |
11,763 | 1,477,529 | ||||||
| BASF SE |
29,395 | 1,826,439 | ||||||
| Deutsche Post AG |
39,613 | 688,496 | ||||||
| Deutsche Telekom AG |
191,149 | 2,595,489 | ||||||
| E.ON AG |
52,010 | 1,923,692 | ||||||
| K+S AG |
6,514 | 396,017 | ||||||
| MAN SE(a) |
5,355 | 449,098 | ||||||
| Muenchener Rueckversicherungs AG |
6,313 | 1,026,335 | ||||||
| RWE AG |
19,160 | 1,700,705 | ||||||
| ThyssenKrupp AG |
22,414 | 772,009 | ||||||
| Total Germany | 12,855,809 | |||||||
| Hong Kong – 1.1% | ||||||||
| CLP Holdings Ltd. |
57,024 | 407,592 | ||||||
| Hang Seng Bank Ltd. |
60,118 | 837,736 | ||||||
| Hongkong Electric Holdings Ltd. |
57,518 | 341,121 | ||||||
| Total Hong Kong | 1,586,449 | |||||||
| Italy – 7.1% | ||||||||
| A2A SpA |
147,818 | 277,817 | ||||||
| Atlantia SpA |
18,027 | 421,499 | ||||||
| Edison SpA(a) |
191,472 | 292,243 | ||||||
| Enel SpA |
375,975 | 2,106,149 | ||||||
| ENI SpA |
141,305 | 3,321,139 | ||||||
| Mediaset SpA |
80,536 | 693,070 | ||||||
| Mediobanca SpA* |
50,237 | 540,746 | ||||||
| Parmalat SpA |
119,686 | 328,348 | ||||||
| Snam Rete Gas SpA |
96,674 | 490,863 | ||||||
| Telecom Italia SpA |
317,884 | 458,517 | ||||||
| Telecom Italia SpA RSP |
392,643 | 443,623 | ||||||
| Terna Rete Elettrica Nazionale SpA |
84,988 | 368,279 | ||||||
| Unione di Banche Italiane SCPA |
21,884 | 295,816 | ||||||
| Total Italy | 10,038,109 | |||||||
| Japan – 1.6% | ||||||||
| Daiichi Sankyo Co., Ltd. |
21,900 | 410,391 | ||||||
| Eisai Co., Ltd.(a) |
7,800 | 278,392 | ||||||
| Mitsui O.S.K. Lines Ltd. |
60,000 | 430,865 | ||||||
| Mizuho Financial Group, Inc.(a) |
258,200 | 511,205 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Equity Income Fund (DTH)
March 31, 2010
| Investments | Shares | Value | ||||||
| Takeda Pharmaceutical Co., Ltd.(a) |
14,800 | $ | 651,776 | |||||
| Total Japan | 2,282,629 | |||||||
| Netherlands – 3.4% | ||||||||
| Akzo Nobel N.V. |
8,276 | 472,510 | ||||||
| Koninklijke DSM N.V.(a) |
7,467 | 333,570 | ||||||
| Koninklijke KPN N.V. |
49,715 | 789,070 | ||||||
| Koninklijke Philips Electronics N.V.(a) |
30,690 | 985,842 | ||||||
| Reed Elsevier N.V. |
28,929 | 352,216 | ||||||
| STMicroelectronics N.V. |
33,194 | 331,022 | ||||||
| Unilever N.V. CVA |
39,472 | 1,196,107 | ||||||
| Wolters Kluwer N.V. |
20,326 | 441,562 | ||||||
| Total Netherlands | 4,901,899 | |||||||
| New Zealand – 0.2% | ||||||||
| Telecom Corp. of New Zealand Ltd. |
185,427 | 285,506 | ||||||
| Norway – 1.9% | ||||||||
| Fred Olsen Energy ASA |
9,952 | 381,434 | ||||||
| Orkla ASA |
46,596 | 412,524 | ||||||
| Statoil ASA |
82,293 | 1,907,697 | ||||||
| Total Norway | 2,701,655 | |||||||
| Portugal – 1.0% | ||||||||
| Brisa Auto-Estradas de Portugal S.A. |
41,048 | 348,804 | ||||||
| EDP-Energias de Portugal S.A. |
104,964 | 417,985 | ||||||
| Portugal Telecom, SGPS, S.A. |
55,805 | 625,069 | ||||||
| Total Portugal | 1,391,858 | |||||||
| Singapore – 2.3% | ||||||||
| DBS Group Holdings Ltd. |
52,000 | 531,884 | ||||||
| K1 Ventures Ltd. |
995,000 | 120,990 | ||||||
| Keppel Corp., Ltd. |
83,000 | 541,440 | ||||||
| Pacific Century Regional Developments Ltd. |
952,000 | 132,785 | ||||||
| Singapore Airlines Ltd. |
63,000 | 684,954 | ||||||
| Singapore Airport Terminal Services Ltd. |
168,180 | 318,785 | ||||||
| Singapore Exchange Ltd. |
62,000 | 339,258 | ||||||
| Singapore Technologies Engineering Ltd. |
230,000 | 524,802 | ||||||
| Total Singapore | 3,194,898 | |||||||
| Spain – 11.2% | ||||||||
| Abertis Infraestructuras, S.A.(a) |
14,964 | 288,531 | ||||||
| ACS Actividades de Construccion y Servicios, S.A. |
9,647 | 445,902 | ||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
102,068 | 1,399,036 | ||||||
| Banco de Sabadell S.A.(a) |
46,980 | 259,868 | ||||||
| Banco Espanol de Credito S.A.(a) |
30,389 | 320,731 | ||||||
| Banco Pastor S.A.(a) |
27,337 | 158,871 | ||||||
| Banco Popular Espanol S.A.(a) |
49,451 | 364,671 | ||||||
| Banco Santander S.A.* |
277,832 | 3,697,980 | ||||||
| Bolsas y Mercados Espanoles S.A.(a) |
9,383 | 251,637 | ||||||
| Criteria Caixacorp S.A. |
113,435 | 563,151 | ||||||
| Fomento de Construcciones y Contratas S.A.(a) |
7,919 | 290,435 | ||||||
| Gas Natural SDG S.A. |
45,184 | 835,763 | ||||||
| Gestevision Telecinco S.A.(a) |
29,906 | 470,212 | ||||||
| Iberdrola S.A. |
114,727 | 974,112 | ||||||
| Inditex S.A. |
16,310 | 1,077,080 | ||||||
| Investments | Shares | Value | ||||||
| Mapfre S.A.(a) |
97,328 | $ | 357,682 | |||||
| Repsol YPF S.A. |
40,327 | 956,550 | ||||||
| Telefonica S.A. |
137,957 | 3,274,184 | ||||||
| Total Spain | 15,986,396 | |||||||
| Sweden – 3.0% | ||||||||
| Hennes & Mauritz AB Class B(a) |
20,875 | 1,360,631 | ||||||
| Sandvik AB |
51,123 | 641,080 | ||||||
| Skanska AB Class B |
27,787 | 506,552 | ||||||
| Svenska Handelsbanken AB Class A |
21,213 | 623,686 | ||||||
| Tele2 AB Class B |
26,713 | 447,258 | ||||||
| TeliaSonera AB(a) |
100,867 | 718,276 | ||||||
| Total Sweden | 4,297,483 | |||||||
| Switzerland – 4.1% | ||||||||
| Compagnie Financiere Richemont S.A. Class A |
21,156 | 820,673 | ||||||
| Holcim Ltd.* |
8,063 | 602,111 | ||||||
| Novartis AG |
54,193 | 2,932,204 | ||||||
| Swisscom AG |
1,396 | 510,361 | ||||||
| Zurich Financial Services AG |
3,886 | 997,944 | ||||||
| Total Switzerland | 5,863,293 | |||||||
| United Kingdom – 23.9% | ||||||||
| Aberdeen Asset Management PLC |
83,383 | 164,429 | ||||||
| Antofagasta PLC |
46,490 | 733,415 | ||||||
| AstraZeneca PLC |
36,519 | 1,628,079 | ||||||
| Aviva PLC |
89,974 | 525,864 | ||||||
| BP PLC |
611,361 | 5,781,248 | ||||||
| British American Tobacco PLC |
51,199 | 1,764,133 | ||||||
| British Land Co. PLC |
54,209 | 395,607 | ||||||
| BT Group PLC |
560,874 | 1,054,129 | ||||||
| Cable & Wireless Communications PLC |
145,347 | 122,034 | ||||||
| Cable & Wireless Worldwide* |
145,347 | 202,839 | ||||||
| Centrica PLC |
125,697 | 560,379 | ||||||
| Drax Group PLC |
44,738 | 253,537 | ||||||
| Electrocomponents PLC |
28,059 | 93,638 | ||||||
| GlaxoSmithKline PLC |
124,758 | 2,394,901 | ||||||
| HSBC Holdings PLC |
380,956 | 3,860,187 | ||||||
| Intermediate Capital Group PLC |
14,050 | 57,757 | ||||||
| International Power PLC |
79,807 | 386,058 | ||||||
| Investec PLC |
11,459 | 93,690 | ||||||
| Legal & General Group PLC |
254,302 | 339,654 | ||||||
| Man Group PLC |
92,524 | 338,945 | ||||||
| Marks & Spencer Group PLC |
74,484 | 418,157 | ||||||
| National Grid PLC |
78,615 | 764,996 | ||||||
| Pearson PLC |
41,459 | 651,532 | ||||||
| Prudential PLC |
63,439 | 526,863 | ||||||
| Royal Dutch Shell PLC Class A |
93,267 | 2,702,206 | ||||||
| Royal Dutch Shell PLC Class B |
85,620 | 2,357,917 | ||||||
| RSA Insurance Group PLC |
185,835 | 359,414 | ||||||
| Scottish & Southern Energy PLC |
25,661 | 428,566 | ||||||
| Segro PLC |
106,305 | 515,368 | ||||||
| Severn Trent PLC |
16,951 | 307,270 | ||||||
| Standard Life PLC |
110,032 | 334,316 | ||||||
See Notes to Financial Statements.
| 40 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree DEFA Equity Income Fund (DTH)
March 31, 2010
| Investments | Shares | Value | ||||||
| United Utilities Group PLC |
54,169 | $ | 459,325 | |||||
| Vodafone Group PLC |
1,481,521 | 3,415,926 | ||||||
| Total United Kingdom | 33,992,379 | |||||||
| TOTAL COMMON STOCKS (Cost: $151,369,436) |
141,267,636 | |||||||
| RIGHTS – 0.0% | ||||||||
| Spain – 0.0% | ||||||||
| Banco Pastor S.A., expiring 4/19/10*(a) |
27,337 | 3,551 | ||||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $151,369,436) |
141,271,187 | |||||||
| SHORT-TERM INVESTMENT – 0.7% | ||||||||
| MONEY MARKET FUND – 0.7% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(d) |
||||||||
| (Cost: $1,035,452) | 1,035,452 | 1,035,452 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.9% | ||||||||
| MONEY MARKET FUND – 5.9% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(e) |
||||||||
| (Cost: $8,375,068)(f) | 8,375,068 | 8,375,068 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 105.9% (Cost: $160,779,956) |
150,681,707 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (5.9)% |
(8,384,209 | ) | ||||||
| NET ASSETS – 100.0% | $ | 142,297,498 | ||||||
RSP – Risparmio Italian Savings Shares
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (c) | Escrow security – additional shares issued as a result of a corporate action. |
| (d) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (e) | Interest rate shown reflects yield as of March 31, 2010. |
| (f) | At March 31, 2010, the total market value of the Fund’s securities on loan was $6,879,952 and the total market value of the collateral held by the Fund was $8,375,068. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 41 |
Table of Contents
Schedule of Investments
WisdomTree Global Equity Income Fund (DEW)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.1% | ||||||||
| Australia – 5.7% | ||||||||
| Amcor Ltd. |
12,452 | $ | 73,032 | |||||
| AMP Ltd. |
11,880 | 68,259 | ||||||
| Australia & New Zealand Banking Group Ltd. |
11,715 | 272,686 | ||||||
| AXA Asia Pacific Holdings Ltd. |
10,494 | 60,874 | ||||||
| Brambles Ltd. |
11,814 | 79,808 | ||||||
| Commonwealth Bank of Australia |
7,249 | 374,525 | ||||||
| Crown Ltd. |
11,264 | 84,570 | ||||||
| Foster’s Group Ltd. |
14,828 | 71,996 | ||||||
| Leighton Holdings Ltd. |
865 | 30,964 | ||||||
| Macquarie Group Ltd. |
1,903 | 82,530 | ||||||
| National Australia Bank Ltd. |
10,890 | 275,073 | ||||||
| Orica Ltd. |
3,047 | 74,923 | ||||||
| QBE Insurance Group Ltd. |
4,664 | 89,170 | ||||||
| Suncorp-Metway Ltd. |
13,772 | 107,951 | ||||||
| Telstra Corp., Ltd. |
81,037 | 222,396 | ||||||
| Wesfarmers Ltd. |
6,809 | 198,676 | ||||||
| Westpac Banking Corp. |
11,176 | 285,580 | ||||||
| Total Australia | 2,453,013 | |||||||
| Austria – 0.3% | ||||||||
| Telekom Austria AG |
3,960 | 55,458 | ||||||
| voestalpine AG |
2,266 | 91,830 | ||||||
| Total Austria | 147,288 | |||||||
| Belgium – 0.6% | ||||||||
| Belgacom S.A. |
3,201 | 125,260 | ||||||
| Mobistar S.A. |
803 | 49,508 | ||||||
| Solvay S.A. |
605 | 62,306 | ||||||
| Total Belgium | 237,074 | |||||||
| Brazil – 2.0% | ||||||||
| Banco do Brasil S.A. |
22,300 | 371,604 | ||||||
| Centrais Eletricas Brasileiras S.A. |
900 | 13,263 | ||||||
| Cia Siderurgica Nacional S.A. |
21,800 | 432,897 | ||||||
| CPFL Energia S.A. |
600 | 11,999 | ||||||
| Natura Cosmeticos S.A. |
500 | 10,161 | ||||||
| Redecard S.A. |
400 | 7,374 | ||||||
| Souza Cruz S.A. |
800 | 27,873 | ||||||
| Total Brazil | 875,171 | |||||||
| Canada – 6.2% | ||||||||
| Bank of Montreal |
2,155 | 130,950 | ||||||
| Bank of Nova Scotia |
3,728 | 186,960 | ||||||
| BCE, Inc. |
21,843 | 642,663 | ||||||
| Canadian Oil Sands Trust |
5,043 | 151,357 | ||||||
| Enerplus Resources Fund |
4,853 | 115,137 | ||||||
| Great-West Lifeco, Inc. |
900 | 25,868 | ||||||
| Husky Energy, Inc. |
4,428 | 127,138 | ||||||
| Manulife Financial Corp.* |
2,200 | 43,456 | ||||||
| Penn West Energy Trust |
11,445 | 242,651 | ||||||
| Power Financial Corp. |
2,110 | 69,671 | ||||||
| Royal Bank of Canada |
4,531 | 265,460 | ||||||
| Sun Life Financial, Inc. |
1,400 | 45,082 | ||||||
| Toronto-Dominion Bank (The) |
3,633 | 271,074 | ||||||
| Investments | Shares | Value | ||||||
| Transcanada Corp. |
9,661 | $ | 354,426 | |||||
| Total Canada | 2,671,893 | |||||||
| Chile – 0.3% | ||||||||
| Aguas Andinas S.A. Class A |
102,253 | 45,792 | ||||||
| Banco Santander Chile |
1,446,835 | 94,985 | ||||||
| Total Chile | 140,777 | |||||||
| Czech Republic – 0.7% | ||||||||
| CEZ AS |
1,450 | 68,565 | ||||||
| Komercni Banka AS |
691 | 140,378 | ||||||
| Telefonica O2 Czech Republic AS |
3,003 | 70,201 | ||||||
| Total Czech Republic | 279,144 | |||||||
| Finland – 0.8% | ||||||||
| Fortum Oyj |
4,235 | 103,777 | ||||||
| Metso Oyj |
101 | 3,268 | ||||||
| Neste Oil Oyj |
3,575 | 62,450 | ||||||
| Rautaruukki Oyj |
2,486 | 53,821 | ||||||
| Sampo Oyj Class A |
3,135 | 83,312 | ||||||
| UPM-Kymmene Oyj |
4,169 | 55,423 | ||||||
| Total Finland | 362,051 | |||||||
| France – 7.9% | ||||||||
| Accor S.A. |
1,716 | 95,106 | ||||||
| Bouygues S.A. |
1,724 | 86,825 | ||||||
| Casino Guichard Perrachon S.A. |
803 | 68,072 | ||||||
| Compagnie de Saint-Gobain |
2,406 | 115,898 | ||||||
| Credit Agricole S.A. |
9,320 | 163,437 | ||||||
| France Telecom S.A. |
16,390 | 392,871 | ||||||
| GDF Suez |
9,116 | 352,777 | ||||||
| Klepierre |
1,364 | 53,671 | ||||||
| Lagardere SCA |
1,155 | 46,822 | ||||||
| Legrand S.A. |
2,288 | 72,413 | ||||||
| Neopost S.A. |
594 | 47,557 | ||||||
| PagesJaunes Groupe |
4,389 | 50,491 | ||||||
| PPR |
704 | 93,896 | ||||||
| Safran S.A. |
2,910 | 75,994 | ||||||
| Sanofi-Aventis S.A. |
4,743 | 354,196 | ||||||
| Schneider Electric S.A. |
1,408 | 165,445 | ||||||
| Suez Environnement S.A. |
2,541 | 58,587 | ||||||
| TOTAL S.A. |
11,052 | 642,743 | ||||||
| Vallourec S.A. |
345 | 69,696 | ||||||
| Veolia Environnement |
2,233 | 77,591 | ||||||
| Vinci S.A. |
2,079 | 122,749 | ||||||
| Vivendi S.A. |
7,172 | 192,293 | ||||||
| Total France | 3,399,130 | |||||||
| Germany – 4.8% | ||||||||
| Allianz SE |
2,007 | 252,096 | ||||||
| BASF SE |
4,774 | 296,629 | ||||||
| Deutsche Post AG |
6,435 | 111,844 | ||||||
| Deutsche Telekom AG |
30,437 | 413,284 | ||||||
| E.ON AG |
8,448 | 312,466 | ||||||
| K+S AG |
1,056 | 64,199 | ||||||
| MAN SE |
748 | 62,731 | ||||||
See Notes to Financial Statements.
| 42 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global Equity Income Fund (DEW)
March 31, 2010
| Investments | Shares | Value | ||||||
| Muenchener Rueckversicherungs AG |
990 | $ | 160,949 | |||||
| RWE AG |
3,260 | 289,369 | ||||||
| ThyssenKrupp AG |
3,542 | 121,998 | ||||||
| Total Germany | 2,085,565 | |||||||
| Greece – 0.2% | ||||||||
| Hellenic Telecommunications Organization S.A. |
939 | 11,676 | ||||||
| Piraeus Bank S.A.* |
7,933 | 69,450 | ||||||
| Total Greece | 81,126 | |||||||
| Hong Kong – 0.8% | ||||||||
| CLP Holdings Ltd. |
16,000 | 114,364 | ||||||
| Hang Seng Bank Ltd. |
9,900 | 137,955 | ||||||
| Hongkong Electric Holdings Ltd. |
17,500 | 103,787 | ||||||
| Total Hong Kong | 356,106 | |||||||
| Israel – 0.4% | ||||||||
| Bezeq Israeli Telecommunication Corp., Ltd. |
11,680 | 33,166 | ||||||
| Israel Chemicals Ltd. |
10,740 | 145,361 | ||||||
| Total Israel | 178,527 | |||||||
| Italy – 3.9% | ||||||||
| A2A SpA |
24,013 | 45,131 | ||||||
| Atlantia SpA |
2,937 | 68,672 | ||||||
| Edison SpA |
31,108 | 47,480 | ||||||
| Enel SpA |
61,072 | 342,115 | ||||||
| ENI SpA |
22,957 | 539,566 | ||||||
| Fondiaria-Sai SpA |
248 | 3,738 | ||||||
| Mediaset SpA |
13,090 | 112,649 | ||||||
| Mediobanca SpA* |
7,073 | 76,133 | ||||||
| Parmalat SpA |
19,448 | 53,354 | ||||||
| Snam Rete Gas SpA |
27,225 | 138,235 | ||||||
| Telecom Italia SpA |
51,634 | 74,477 | ||||||
| Telecom Italia SpA RSP |
63,778 | 72,059 | ||||||
| Terna Rete Elettrica Nazionale SpA |
17,905 | 77,588 | ||||||
| Unione di Banche Italiane SCPA |
2,629 | 35,537 | ||||||
| Total Italy | 1,686,734 | |||||||
| Japan – 1.0% | ||||||||
| Daiichi Sankyo Co., Ltd. |
4,400 | 82,453 | ||||||
| Eisai Co., Ltd. |
1,100 | 39,260 | ||||||
| Mitsui O.S.K. Lines Ltd. |
11,000 | 78,992 | ||||||
| Mizuho Financial Group, Inc. |
41,800 | 82,759 | ||||||
| Takeda Pharmaceutical Co., Ltd. |
3,300 | 145,329 | ||||||
| Total Japan | 428,793 | |||||||
| Malaysia – 1.2% | ||||||||
| British American Tobacco Malaysia Bhd |
1,000 | 13,532 | ||||||
| Nestle Malaysia Bhd |
8,000 | 83,728 | ||||||
| Petronas Dagangan Bhd |
11,300 | 31,350 | ||||||
| Petronas Gas Bhd |
26,300 | 79,013 | ||||||
| Public Bank Bhd |
9,132 | 32,586 | ||||||
| Sime Darby Bhd |
92,000 | 245,653 | ||||||
| YTL Power International Bhd |
13,000 | 8,728 | ||||||
| Total Malaysia | 494,590 | |||||||
| Investments | Shares | Value | ||||||
| Netherlands – 1.9% | ||||||||
| Akzo Nobel N.V. |
1,353 | $ | 77,248 | |||||
| Koninklijke DSM N.V. |
1,221 | 54,545 | ||||||
| Koninklijke KPN N.V. |
8,074 | 128,150 | ||||||
| Koninklijke Philips Electronics N.V. |
4,994 | 160,420 | ||||||
| Reed Elsevier N.V. |
4,708 | 57,321 | ||||||
| STMicroelectronics N.V. |
5,390 | 53,751 | ||||||
| Unilever N.V. CVA |
6,413 | 194,331 | ||||||
| Wolters Kluwer N.V. |
3,300 | 71,689 | ||||||
| Total Netherlands | 797,455 | |||||||
| New Zealand – 0.1% | ||||||||
| Telecom Corp. of New Zealand Ltd. |
30,118 | 46,373 | ||||||
| Norway – 1.0% | ||||||||
| Fred Olsen Energy ASA |
1,595 | 61,132 | ||||||
| Orkla ASA |
4,968 | 43,983 | ||||||
| Statoil ASA |
13,365 | 309,824 | ||||||
| Total Norway | 414,939 | |||||||
| Philippines – 0.2% | ||||||||
| Globe Telecom, Inc. |
1,700 | 37,619 | ||||||
| Philippine Long Distance Telephone Co. |
800 | 42,841 | ||||||
| Total Philippines | 80,460 | |||||||
| Poland – 0.2% | ||||||||
| Polskie Gornictwo Naftowe I Gazownictwo S.A. |
35,033 | 44,941 | ||||||
| Telekomunikacja Polska S.A. |
9,017 | 51,230 | ||||||
| Total Poland | 96,171 | |||||||
| Portugal – 0.5% | ||||||||
| Brisa Auto-Estradas de Portugal S.A. |
6,666 | 56,644 | ||||||
| EDP-Energias de Portugal S.A. |
17,050 | 67,896 | ||||||
| Portugal Telecom, SGPS, S.A. |
9,064 | 101,526 | ||||||
| Total Portugal | 226,066 | |||||||
| Russia – 0.7% | ||||||||
| Gazprom Neft JSC, ADR |
1,600 | 41,936 | ||||||
| Mechel, ADR |
5,000 | 142,100 | ||||||
| Novolipetsk Steel OJSC Reg S, GDR* |
3,400 | 117,810 | ||||||
| Total Russia | 301,846 | |||||||
| Singapore – 1.0% | ||||||||
| DBS Group Holdings Ltd. |
11,000 | 112,514 | ||||||
| Keppel Corp., Ltd. |
11,000 | 71,757 | ||||||
| Singapore Airlines Ltd. |
11,000 | 119,595 | ||||||
| Singapore Exchange Ltd. |
11,000 | 60,191 | ||||||
| Singapore Technologies Engineering Ltd. |
33,000 | 75,298 | ||||||
| Total Singapore | 439,355 | |||||||
| South Africa – 1.9% | ||||||||
| ABSA Group Ltd. |
900 | 17,439 | ||||||
| African Bank Investments Ltd. |
32,441 | 157,259 | ||||||
| ArcelorMittal South Africa Ltd.* |
7,976 | 100,526 | ||||||
| Exxaro Resources Ltd. |
2,946 | 50,504 | ||||||
| FirstRand Ltd. |
14,229 | 39,138 | ||||||
| Impala Platinum Holdings Ltd. |
2,500 | 72,849 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global Equity Income Fund (DEW)
March 31, 2010
| Investments | Shares | Value | ||||||
| Kumba Iron Ore Ltd. |
2,500 | $ | 120,133 | |||||
| Standard Bank Group Ltd. |
4,900 | 76,463 | ||||||
| Telkom S.A. Ltd. |
34,675 | 161,242 | ||||||
| Tiger Brands Ltd. |
500 | 12,486 | ||||||
| Total South Africa | 808,039 | |||||||
| South Korea – 0.2% | ||||||||
| SK Telecom Co., Ltd. |
414 | 63,484 | ||||||
| Spain – 6.3% | ||||||||
| Abertis Infraestructuras, S.A. |
2,431 | 46,874 | ||||||
| ACS Actividades de Construccion y Servicios, S.A. |
1,573 | 72,707 | ||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
16,577 | 227,219 | ||||||
| Banco de Sabadell S.A. |
7,634 | 42,227 | ||||||
| Banco Espanol de Credito S.A. |
4,939 | 52,127 | ||||||
| Banco Popular Espanol S.A. |
8,041 | 59,298 | ||||||
| Banco Santander S.A. |
47,581 | 633,517 | ||||||
| Bolsas y Mercados Espanoles S.A. |
1,529 | 41,005 | ||||||
| Criteria Caixacorp S.A. |
22,736 | 112,873 | ||||||
| Enagas |
842 | 18,485 | ||||||
| Fomento de Construcciones y Contratas S.A. |
1,287 | 47,202 | ||||||
| Gas Natural SDG S.A. |
7,337 | 135,712 | ||||||
| Gestevision Telecinco S.A. |
6,185 | 97,247 | ||||||
| Iberdrola S.A. |
18,634 | 158,216 | ||||||
| Inditex S.A. |
2,651 | 175,067 | ||||||
| Mapfre S.A. |
21,702 | 79,755 | ||||||
| Repsol YPF S.A. |
6,556 | 155,507 | ||||||
| Telefonica S.A. |
22,901 | 543,518 | ||||||
| Total Spain | 2,698,556 | |||||||
| Sweden – 1.5% | ||||||||
| Hennes & Mauritz AB Class B |
3,388 | 220,830 | ||||||
| Sandvik AB |
5,205 | 65,270 | ||||||
| Skanska AB Class B |
4,521 | 82,417 | ||||||
| Svenska Handelsbanken AB Class A |
3,454 | 101,551 | ||||||
| Tele2 AB Class B |
4,345 | 72,749 | ||||||
| TeliaSonera AB |
16,390 | 116,714 | ||||||
| Total Sweden | 659,531 | |||||||
| Switzerland – 2.5% | ||||||||
| Compagnie Financiere Richemont S.A. Class A |
3,443 | 133,559 | ||||||
| Holcim Ltd.* |
1,589 | 118,660 | ||||||
| Novartis AG |
10,251 | 554,648 | ||||||
| Swisscom AG |
231 | 84,451 | ||||||
| Zurich Financial Services AG |
741 | 190,292 | ||||||
| Total Switzerland | 1,081,610 | |||||||
| Taiwan – 4.1% | ||||||||
| Advanced Semiconductor Engineering, Inc. |
141,000 | 128,755 | ||||||
| Asia Cement Corp. |
10,000 | 9,761 | ||||||
| Asustek Computer, Inc. |
41,000 | 71,393 | ||||||
| AU Optronics Corp. |
87,000 | 98,895 | ||||||
| Chang Hwa Commercial Bank |
224,000 | 101,568 | ||||||
| Far Eastern New Century Corp. |
51,000 | 56,046 | ||||||
| Far EasTone Telecommunications Co., Ltd. |
22,000 | 26,324 | ||||||
| First Financial Holding Co., Ltd. |
191,000 | 104,948 | ||||||
| Formosa Chemicals & Fibre Corp. |
50,000 | 116,978 | ||||||
| Investments | Shares | Value | ||||||
| Formosa Petrochemical Corp. |
72,000 | $ | 189,760 | |||||
| Formosa Plastics Corp. |
4,000 | 8,817 | ||||||
| HTC Corp. |
6,000 | 70,092 | ||||||
| MediaTek, Inc. |
1,000 | 17,350 | ||||||
| Mega Financial Holding Co., Ltd. |
325,000 | 188,299 | ||||||
| Nan Ya Plastics Corp. |
92,000 | 187,720 | ||||||
| Siliconware Precision Industries Co. |
71,000 | 85,626 | ||||||
| Taiwan Cement Corp. |
40,000 | 37,723 | ||||||
| Taiwan Mobile Co., Ltd. |
24,000 | 45,192 | ||||||
| Taiwan Semiconductor Manufacturing Co., Ltd. |
95,000 | 183,969 | ||||||
| United Microelectronics Corp.* |
73,000 | 38,732 | ||||||
| Total Taiwan | 1,767,948 | |||||||
| Thailand – 0.3% | ||||||||
| Advanced Info Service PCL |
3,300 | 8,803 | ||||||
| PTT Chemical PCL |
40,200 | 118,107 | ||||||
| Total Thailand | 126,910 | |||||||
| Turkey – 0.4% | ||||||||
| Tupras Turkiye Petrol Rafine |
1,200 | 27,198 | ||||||
| Turk Telekomunikasyon A.S. |
17,400 | 58,297 | ||||||
| Turkcell Iletisim Hizmet A.S. |
15,600 | 94,797 | ||||||
| Total Turkey | 180,292 | |||||||
| United Kingdom – 13.5% | ||||||||
| Antofagasta PLC |
7,557 | 119,217 | ||||||
| AstraZeneca PLC |
5,929 | 264,325 | ||||||
| Aviva PLC |
32,119 | 187,723 | ||||||
| BAE Systems PLC |
9,700 | 54,633 | ||||||
| BP PLC |
101,303 | 957,957 | ||||||
| British American Tobacco PLC |
8,316 | 286,539 | ||||||
| British Land Co. PLC |
5,764 | 42,065 | ||||||
| BT Group PLC |
96,098 | 180,610 | ||||||
| Cable & Wireless Communications PLC |
23,617 | 19,829 | ||||||
| Cable & Wireless Worldwide* |
23,617 | 32,959 | ||||||
| Centrica PLC |
20,416 | 91,018 | ||||||
| Diageo PLC |
4,100 | 68,785 | ||||||
| Drax Group PLC |
7,271 | 41,206 | ||||||
| GlaxoSmithKline PLC |
20,262 | 388,957 | ||||||
| HSBC Holdings PLC |
60,181 | 609,808 | ||||||
| International Power PLC |
12,969 | 62,736 | ||||||
| Legal & General Group PLC |
69,616 | 92,981 | ||||||
| Man Group PLC |
15,037 | 55,085 | ||||||
| Marks & Spencer Group PLC |
12,100 | 67,930 | ||||||
| National Grid PLC |
12,771 | 124,274 | ||||||
| Pearson PLC |
6,743 | 105,967 | ||||||
| Prudential PLC |
16,807 | 139,583 | ||||||
| Royal Dutch Shell PLC Class A |
15,890 | 460,378 | ||||||
| Royal Dutch Shell PLC Class B |
14,681 | 404,305 | ||||||
| RSA Insurance Group PLC |
30,184 | 58,377 | ||||||
| Scottish & Southern Energy PLC |
4,169 | 69,627 | ||||||
| Segro PLC |
14,102 | 68,367 | ||||||
| Severn Trent PLC |
2,761 | 50,048 | ||||||
| Standard Life PLC |
17,875 | 54,311 | ||||||
| United Utilities Group PLC |
8,800 | 74,619 | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Global Equity Income Fund (DEW)
March 31, 2010
| Investments | Shares | Value | ||||||
| Vodafone Group PLC |
240,636 | $ | 554,832 | |||||
| Total United Kingdom | 5,789,051 | |||||||
| United States – 26.0% | ||||||||
| AGL Resources, Inc. |
384 | 14,842 | ||||||
| Alcoa, Inc. |
3,300 | 46,992 | ||||||
| Alliant Energy Corp. |
570 | 18,958 | ||||||
| Allstate Corp. (The) |
2,300 | 74,313 | ||||||
| Altria Group, Inc. |
13,158 | 270,002 | ||||||
| AMB Property Corp. |
608 | 16,562 | ||||||
| Ameren Corp. |
1,686 | 43,971 | ||||||
| American Electric Power Co., Inc. |
1,952 | 66,719 | ||||||
| American Water Works Co., Inc. |
608 | 13,230 | ||||||
| Arthur J. Gallagher & Co. |
606 | 14,877 | ||||||
| AT&T, Inc. |
32,850 | 848,844 | ||||||
| Atmos Energy Corp. |
444 | 12,685 | ||||||
| AvalonBay Communities, Inc. |
384 | 33,158 | ||||||
| Avery Dennison Corp. |
600 | 21,846 | ||||||
| Bank of America Corp. |
45,500 | 812,175 | ||||||
| BB&T Corp. |
3,800 | 123,082 | ||||||
| Boston Properties, Inc. |
600 | 45,264 | ||||||
| Bristol-Myers Squibb Co. |
9,840 | 262,728 | ||||||
| Capitol Federal Financial |
310 | 11,613 | ||||||
| Caterpillar, Inc. |
2,500 | 157,125 | ||||||
| CBS Corp. Class B |
4,471 | 62,326 | ||||||
| CenterPoint Energy, Inc. |
1,936 | 27,801 | ||||||
| CenturyTel, Inc. |
1,638 | 58,083 | ||||||
| Cincinnati Financial Corp. |
1,032 | 29,825 | ||||||
| Comerica, Inc. |
1,000 | 38,040 | ||||||
| Consolidated Edison, Inc. |
1,424 | 63,425 | ||||||
| Constellation Energy Group, Inc. |
900 | 31,599 | ||||||
| Diamond Offshore Drilling, Inc. |
700 | 62,167 | ||||||
| Dominion Resources, Inc. |
2,420 | 99,486 | ||||||
| Dow Chemical Co. (The) |
6,600 | 195,162 | ||||||
| DPL, Inc. |
504 | 13,704 | ||||||
| DTE Energy Co. |
952 | 42,459 | ||||||
| Duke Energy Corp. |
6,618 | 108,006 | ||||||
| Duke Realty Corp. |
2,052 | 25,445 | ||||||
| E.I. du Pont de Nemours & Co. |
4,856 | 180,837 | ||||||
| Eastman Chemical Co. |
300 | 19,104 | ||||||
| Eaton Corp. |
600 | 45,462 | ||||||
| Edison International |
1,000 | 34,170 | ||||||
| Eli Lilly & Co. |
5,314 | 192,473 | ||||||
| Equity Residential |
1,942 | 76,029 | ||||||
| Exelon Corp. |
2,270 | 99,449 | ||||||
| Federal Realty Investment Trust |
258 | 18,785 | ||||||
| Fidelity National Financial, Inc. Class A |
1,250 | 18,525 | ||||||
| Fifth Third Bancorp |
2,100 | 28,539 | ||||||
| FirstEnergy Corp. |
1,406 | 54,961 | ||||||
| Fortune Brands, Inc. |
500 | 24,255 | ||||||
| Frontier Communications Corp. |
4,050 | 30,132 | ||||||
| General Electric Co. |
87,100 | 1,585,220 | ||||||
| Genuine Parts Co. |
696 | 29,399 | ||||||
| H.J. Heinz Co. |
1,220 | 55,644 | ||||||
| Investments | Shares | Value | ||||||
| Harley-Davidson, Inc. |
1,300 | $ | 36,491 | |||||
| Hartford Financial Services Group, Inc. |
2,000 | 56,840 | ||||||
| HCP, Inc. |
1,784 | 58,872 | ||||||
| Health Care REIT, Inc. |
674 | 30,485 | ||||||
| Integrys Energy Group, Inc. |
616 | 29,186 | ||||||
| International Paper Co. |
2,000 | 49,220 | ||||||
| KeyCorp |
2,200 | 17,050 | ||||||
| Kimberly-Clark Corp. |
1,580 | 99,350 | ||||||
| Kimco Realty Corp. |
3,734 | 58,400 | ||||||
| Kraft Foods, Inc. Class A |
5,556 | 168,013 | ||||||
| Legg Mason, Inc. |
500 | 14,335 | ||||||
| Leggett & Platt, Inc. |
928 | 20,082 | ||||||
| Liberty Property Trust |
796 | 27,016 | ||||||
| Lincoln National Corp. |
1,300 | 39,910 | ||||||
| Lorillard, Inc. |
787 | 59,214 | ||||||
| Ltd. Brands, Inc. |
1,376 | 33,877 | ||||||
| M&T Bank Corp. |
540 | 42,865 | ||||||
| Marsh & McLennan Cos., Inc. |
1,734 | 42,344 | ||||||
| Masco Corp. |
2,500 | 38,800 | ||||||
| Mattel, Inc. |
1,328 | 30,199 | ||||||
| Maxim Integrated Products, Inc. |
1,274 | 24,703 | ||||||
| MeadWestvaco Corp. |
872 | 22,280 | ||||||
| Merck & Co., Inc. |
10,364 | 387,095 | ||||||
| Microchip Technology, Inc. |
912 | 25,682 | ||||||
| Nationwide Health Properties, Inc. |
600 | 21,090 | ||||||
| New York Community Bancorp, Inc. |
2,788 | 46,114 | ||||||
| Newell Rubbermaid, Inc. |
1,200 | 18,240 | ||||||
| NiSource, Inc. |
1,928 | 30,462 | ||||||
| NSTAR |
404 | 14,310 | ||||||
| OGE Energy Corp. |
396 | 15,420 | ||||||
| Old Republic International Corp. |
1,456 | 18,462 | ||||||
| Oneok, Inc. |
438 | 19,995 | ||||||
| Paychex, Inc. |
1,418 | 43,533 | ||||||
| Pepco Holdings, Inc. |
1,442 | 24,730 | ||||||
| Pfizer, Inc. |
41,752 | 716,047 | ||||||
| PG&E Corp. |
1,258 | 53,364 | ||||||
| Philip Morris International, Inc. |
8,405 | 438,405 | ||||||
| Pinnacle West Capital Corp. |
600 | 22,638 | ||||||
| Pitney Bowes, Inc. |
1,162 | 28,411 | ||||||
| Plum Creek Timber Co., Inc. |
774 | 30,116 | ||||||
| PPG Industries, Inc. |
654 | 42,772 | ||||||
| Progress Energy, Inc. |
1,476 | 58,095 | ||||||
| ProLogis |
4,004 | 52,853 | ||||||
| Qwest Communications International, Inc. |
11,380 | 59,404 | ||||||
| R.R. Donnelley & Sons Co. |
1,428 | 30,488 | ||||||
| Rayonier, Inc. |
402 | 18,263 | ||||||
| Realty Income Corp. |
708 | 21,729 | ||||||
| Regency Centers Corp. |
462 | 17,311 | ||||||
| Regions Financial Corp. |
9,522 | 74,748 | ||||||
| Reynolds American, Inc. |
2,188 | 118,108 | ||||||
| Sara Lee Corp. |
2,876 | 40,063 | ||||||
| SCANA Corp. |
548 | 20,599 | ||||||
| Senior Housing Properties Trust |
800 | 17,720 | ||||||
| Sonoco Products Co. |
378 | 11,639 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 45 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Global Equity Income Fund (DEW)
March 31, 2010
| Investments | Shares | Value | ||||||
| Southern Co. |
3,516 | $ | 116,591 | |||||
| Southern Copper Corp. |
3,700 | 117,179 | ||||||
| Spectra Energy Corp. |
3,083 | 69,460 | ||||||
| SunTrust Banks, Inc. |
2,700 | 72,333 | ||||||
| TECO Energy, Inc. |
1,216 | 19,322 | ||||||
| Textron, Inc. |
1,500 | 31,845 | ||||||
| U.S. Bancorp |
10,700 | 276,916 | ||||||
| Ventas, Inc. |
780 | 37,034 | ||||||
| Verizon Communications, Inc. |
14,296 | 443,462 | ||||||
| Vornado Realty Trust |
902 | 68,281 | ||||||
| Vulcan Materials Co. |
400 | 18,896 | ||||||
| Weyerhaeuser Co. |
1,000 | 45,270 | ||||||
| Whiting USA Trust I |
216 | 4,076 | ||||||
| Windstream Corp. |
4,432 | 48,264 | ||||||
| Xcel Energy, Inc. |
1,890 | 40,068 | ||||||
| Total United States | 11,205,933 | |||||||
| TOTAL COMMON STOCKS (Cost: $41,003,620) |
42,661,001 | |||||||
| SHORT-TERM INVESTMENT – 0.5% | ||||||||
| MONEY MARKET FUND – 0.5% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(a) |
||||||||
| (Cost: $232,114) | 232,114 | 232,114 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 99.6% (Cost: $41,235,734) |
42,893,115 | |||||||
| Cash, Foreign Currency and Other Assets in Excess of and Liabilities – 0.4% |
148,670 | |||||||
| NET ASSETS – 100.0% | $ | 43,041,785 | ||||||
| ADR | – American Depositary Receipt |
| GDR | – Global Depositary Receipt |
| RSP | – Risparmio Italian Savings Shares |
| * | Non-income producing security. |
| (a) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
See Notes to Financial Statements.
| 46 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.8% | ||||||||
| Austria – 1.8% | ||||||||
| Flughafen Wien AG |
6,145 | $ | 306,151 | |||||
| Schoeller-Bleckmann Oilfield Equipment AG |
1,932 | 101,980 | ||||||
| Semperit AG Holding |
3,779 | 147,827 | ||||||
| Total Austria | 555,958 | |||||||
| Belgium – 4.5% | ||||||||
| Arseus N.V. |
6,201 | 75,935 | ||||||
| Compagnie d’entreprises CFE |
1,867 | 103,929 | ||||||
| Euronav N.V. |
30,808 | 683,655 | ||||||
| EVS Broadcast Equipment S.A. |
3,260 | 185,443 | ||||||
| Omega Pharma S.A. |
2,641 | 131,810 | ||||||
| Tessenderlo Chemie N.V. |
5,059 | 169,490 | ||||||
| Total Belgium | 1,350,262 | |||||||
| Denmark – 0.7% | ||||||||
| Auriga Industries Class B* |
6,161 | 116,459 | ||||||
| Rockwool International A/S Class B |
917 | 98,668 | ||||||
| Total Denmark | 215,127 | |||||||
| Finland – 6.2% | ||||||||
| Alma Media Corp. |
15,710 | 154,752 | ||||||
| Amer Sports Oyj Class A |
7,004 | 82,830 | ||||||
| Citycon Oyj(a) |
66,419 | 265,121 | ||||||
| F-Secure Oyj(a) |
29,611 | 100,567 | ||||||
| Lassila & Tikanoja Oyj(a) |
6,997 | 146,370 | ||||||
| Poyry Oyj |
13,687 | 199,089 | ||||||
| Stockmann Oyj Abp Class B |
4,856 | 177,013 | ||||||
| Tieto Oyj(a) |
13,604 | 315,506 | ||||||
| Uponor Oyj(a) |
22,603 | 412,885 | ||||||
| Total Finland | 1,854,133 | |||||||
| France – 3.5% | ||||||||
| Canal Plus |
22,595 | 179,496 | ||||||
| Derichebourg S.A.*(a) |
26,224 | 122,099 | ||||||
| GFI Informatique |
20,305 | 83,248 | ||||||
| Groupe Steria SCA |
4,192 | 129,950 | ||||||
| Ingenico |
3,915 | 98,081 | ||||||
| IPSOS |
2,386 | 84,441 | ||||||
| Rubis |
1,745 | 152,531 | ||||||
| Saft Groupe S.A. |
1,677 | 66,588 | ||||||
| Sechilienne-Sidec |
4,145 | 137,411 | ||||||
| Total France | 1,053,845 | |||||||
| Germany – 5.3% | ||||||||
| Bauer AG |
2,161 | 96,932 | ||||||
| BayWa AG |
2,452 | 92,567 | ||||||
| Bechtle AG |
4,256 | 131,128 | ||||||
| CTS Eventim AG |
1,835 | 93,358 | ||||||
| Gerresheimer AG |
3,667 | 114,866 | ||||||
| Gerry Weber International AG |
2,796 | 97,230 | ||||||
| Gildemeister AG |
9,393 | 126,626 | ||||||
| H&R WASAG AG |
4,786 | 100,701 | ||||||
| Indus Holding AG |
8,852 | 166,968 | ||||||
| Kontron AG |
8,485 | 83,134 | ||||||
| Pfeiffer Vacuum Technology AG |
2,276 | 174,000 | ||||||
| Investments | Shares | Value | ||||||
| Sixt AG |
4,216 | $ | 135,087 | |||||
| Takkt AG |
15,884 | 184,837 | ||||||
| Total Germany | 1,597,434 | |||||||
| Ireland – 2.5% | ||||||||
| C&C Group PLC |
46,688 | 211,947 | ||||||
| FBD Holdings PLC |
8,834 | 87,486 | ||||||
| FBD Holdings PLC Redemption Shares*† |
2,660 | — | ||||||
| Glanbia PLC |
31,791 | 128,576 | ||||||
| Greencore Group PLC |
73,626 | 138,726 | ||||||
| United Drug PLC |
49,185 | 171,039 | ||||||
| Total Ireland | 737,774 | |||||||
| Italy – 9.9% | ||||||||
| Actelios SpA |
13,898 | 68,452 | ||||||
| Ascopiave SpA |
40,912 | 92,725 | ||||||
| Astaldi SpA |
9,868 | 75,241 | ||||||
| Autostrada Torino-Milano SpA |
11,421 | 160,719 | ||||||
| Banco di Desio e della Brianza SpA |
11,283 | 65,648 | ||||||
| Biesse SpA* |
10,403 | 84,598 | ||||||
| Brembo SpA |
14,766 | 114,485 | ||||||
| Buzzi Unicem SpA RSP |
10,998 | 90,107 | ||||||
| Cairo Communication SpA |
33,822 | 132,259 | ||||||
| Cementir Holding SpA |
21,424 | 86,169 | ||||||
| Credito Artigiano SpA |
78,824 | 190,489 | ||||||
| Danieli & C Officine Meccaniche SpA |
3,339 | 89,818 | ||||||
| Danieli & C Officine Meccaniche SpA RSP |
6,245 | 92,275 | ||||||
| De’Longhi SpA |
20,933 | 91,913 | ||||||
| Enia SpA |
14,049 | 113,108 | ||||||
| Fiat SpA RSP |
20,358 | 172,165 | ||||||
| Fondiaria-Sai SpA RSP |
15,709 | 165,370 | ||||||
| Immobiliare Grande Distribuzione |
47,509 | 96,362 | ||||||
| Industria Macchine Automatiche SpA |
7,127 | 141,953 | ||||||
| Intek SpA |
50,195 | 34,639 | ||||||
| Italcementi SpA RSP |
19,410 | 126,066 | ||||||
| KME Group SpA |
195,232 | 80,571 | ||||||
| Landi Renzo SpA |
6,995 | 31,021 | ||||||
| Maire Tecnimont SpA |
49,842 | 190,184 | ||||||
| MARR SpA |
19,528 | 180,603 | ||||||
| Piaggio & C. SpA |
64,270 | 205,234 | ||||||
| Total Italy | 2,972,174 | |||||||
| Netherlands – 6.5% | ||||||||
| Aalberts Industries N.V. |
15,272 | 244,048 | ||||||
| Arcadis N.V. |
7,392 | 156,633 | ||||||
| BinckBank N.V. |
13,951 | 247,290 | ||||||
| Brit Insurance Holdings N.V. |
22,242 | 253,885 | ||||||
| CSM |
9,458 | 294,345 | ||||||
| Exact Holding N.V. |
7,118 | 190,267 | ||||||
| Grontmij CVA |
3,777 | 84,326 | ||||||
| Kardan N.V.* |
21,400 | 131,549 | ||||||
| Mediq N.V. |
6,189 | 114,310 | ||||||
| Ten Cate N.V. |
2,277 | 59,710 | ||||||
| TKH Group N.V. |
8,428 | 176,191 | ||||||
| Total Netherlands | 1,952,554 | |||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2010
| Investments | Shares | Value | ||||||
| Norway – 2.2% | ||||||||
| Atea ASA |
20,095 | $ | 170,119 | |||||
| Sparebank 1 SMN |
20,028 | 161,959 | ||||||
| Veidekke ASA |
39,824 | 325,398 | ||||||
| Total Norway | 657,476 | |||||||
| Portugal – 0.9% | ||||||||
| BANIF SGPS S.A. |
92,000 | 140,668 | ||||||
| Mota Engil, SGPS, S.A. |
28,621 | 125,592 | ||||||
| Total Portugal | 266,260 | |||||||
| Spain – 2.7% | ||||||||
| Banco Guipuzcoano S.A. |
18,614 | 146,082 | ||||||
| Campofrio Food Group S.A.* |
7,414 | 70,023 | ||||||
| Duro Felguera S.A. |
13,120 | 140,246 | ||||||
| La Seda de Barcelona S.A. Class B*†(a) |
17,637 | — | ||||||
| NH Hoteles S.A.* |
41,335 | 176,460 | ||||||
| Tubacex S.A. |
36,175 | 145,132 | ||||||
| Viscofan S.A. |
4,926 | 129,575 | ||||||
| Total Spain | 807,518 | |||||||
| Sweden – 11.8% | ||||||||
| AarhusKarlshamn AB |
6,104 | 166,234 | ||||||
| B&B Tools AB Class B |
8,469 | 124,440 | ||||||
| Cardo AB(a) |
5,979 | 210,598 | ||||||
| Clas Ohlson AB Class B |
11,720 | 214,142 | ||||||
| Fabege AB(a) |
48,407 | 328,229 | ||||||
| HQ AB* |
7,250 | 132,972 | ||||||
| Indutrade AB |
7,816 | 179,191 | ||||||
| Intrum Justitia AB(a) |
15,354 | 195,205 | ||||||
| KappAhl AB |
37,298 | 357,588 | ||||||
| Kungsleden AB |
26,104 | 205,836 | ||||||
| Loomis AB Class B |
10,907 | 140,941 | ||||||
| Mekonomen AB |
7,107 | 159,481 | ||||||
| NCC AB Class B* |
15,608 | 273,254 | ||||||
| Niscayah Group AB |
13,055 | 25,214 | ||||||
| Saab AB Class B |
11,333 | 173,215 | ||||||
| SKF AB Class A |
4,960 | 88,352 | ||||||
| SkiStar AB |
6,356 | 121,433 | ||||||
| SSAB AB Class B(a) |
15,385 | 250,538 | ||||||
| Wihlborgs Fastigheter AB |
10,166 | 215,411 | ||||||
| Total Sweden | 3,562,274 | |||||||
| Switzerland – 0.3% | ||||||||
| Mobilezone Holding AG |
10,867 | 94,882 | ||||||
| United Kingdom – 40.0% | ||||||||
| Ashtead Group PLC |
90,105 | 130,461 | ||||||
| Atkins WS PLC |
15,628 | 146,978 | ||||||
| BBA Aviation PLC |
81,701 | 241,296 | ||||||
| BlueBay Asset Management PLC |
25,385 | 138,739 | ||||||
| Bodycote PLC |
54,251 | 172,898 | ||||||
| Brewin Dolphin Holdings PLC |
72,489 | 159,660 | ||||||
| Britvic PLC |
33,447 | 235,414 | ||||||
| Carpetright PLC |
12,339 | 149,736 | ||||||
| Chaucer Holdings PLC |
262,903 | 195,411 | ||||||
| Chesnara PLC |
44,043 | 156,834 | ||||||
| Investments | Shares | Value | ||||||
| Chloride Group PLC |
25,983 | $ | 82,808 | |||||
| Cineworld Group PLC |
36,525 | 103,745 | ||||||
| Collins Stewart PLC |
92,852 | 123,946 | ||||||
| Computacenter PLC |
18,959 | 88,290 | ||||||
| Cranswick PLC |
7,502 | 91,607 | ||||||
| Dairy Crest Group PLC |
31,197 | 175,946 | ||||||
| Davis Service Group PLC |
37,232 | 238,842 | ||||||
| Delta PLC |
38,660 | 111,569 | ||||||
| Domino Printing Sciences PLC |
24,165 | 141,932 | ||||||
| Domino’s Pizza UK & IRL PLC |
20,359 | 104,290 | ||||||
| DS Smith PLC |
178,888 | 365,787 | ||||||
| Dunelm Group PLC |
20,966 | 117,481 | ||||||
| Electrocomponents PLC |
161,561 | 539,158 | ||||||
| Elementis PLC |
194,216 | 167,926 | ||||||
| Euromoney Institutional Investor PLC |
32,202 | 254,006 | ||||||
| Evolution Group PLC |
20,448 | 39,315 | ||||||
| F&C Asset Management PLC |
271,666 | 256,320 | ||||||
| Fenner PLC |
48,972 | 158,154 | ||||||
| Filtrona PLC |
50,171 | 166,060 | ||||||
| Forth Ports PLC |
4,471 | 94,135 | ||||||
| Game Group PLC |
42,710 | 63,653 | ||||||
| Go-Ahead Group PLC |
8,953 | 190,539 | ||||||
| Greggs PLC |
15,544 | 114,710 | ||||||
| Halma PLC |
58,307 | 223,061 | ||||||
| Headlam Group PLC |
25,490 | 104,398 | ||||||
| HMV Group PLC(a) |
86,413 | 110,828 | ||||||
| Hunting PLC |
10,728 | 100,162 | ||||||
| Intermediate Capital Group PLC |
92,406 | 379,863 | ||||||
| Interserve PLC |
39,364 | 129,424 | ||||||
| ITE Group PLC |
54,987 | 119,526 | ||||||
| Kcom Group PLC |
161,768 | 120,239 | ||||||
| Keller Group PLC |
8,200 | 84,085 | ||||||
| Kier Group PLC |
7,024 | 117,202 | ||||||
| Laird PLC |
53,890 | 100,629 | ||||||
| Marshalls PLC |
80,504 | 108,684 | ||||||
| Marston’s PLC |
135,552 | 188,553 | ||||||
| Melrose PLC |
112,831 | 376,880 | ||||||
| Moneysupermarket.com Group PLC |
105,122 | 108,433 | ||||||
| Morgan Crucible Co. PLC |
67,619 | 208,938 | ||||||
| Morgan Sindall PLC |
9,405 | 77,752 | ||||||
| Mothercare PLC |
10,668 | 97,175 | ||||||
| National Express Group PLC |
75,904 | 263,668 | ||||||
| Northern Foods PLC |
134,187 | 118,465 | ||||||
| Paragon Group of Cos. PLC |
20,016 | 41,141 | ||||||
| PayPoint PLC |
10,559 | 56,059 | ||||||
| Premier Farnell PLC |
90,053 | 308,173 | ||||||
| PV Crystalox Solar PLC |
83,285 | 60,641 | ||||||
| Renishaw PLC |
17,463 | 173,110 | ||||||
| Restaurant Group PLC |
36,112 | 127,633 | ||||||
| Rightmove PLC |
12,560 | 128,412 | ||||||
| Robert Wiseman Dairies PLC |
14,234 | 107,029 | ||||||
| Safestore Holdings PLC |
13,395 | 29,259 | ||||||
| Savills PLC |
21,810 | 115,131 | ||||||
| Schroders PLC |
10,891 | 189,491 | ||||||
See Notes to Financial Statements.
| 48 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe SmallCap Dividend Fund (DFE)
March 31, 2010
| Investments | Shares | Value | ||||||
| Senior PLC |
116,017 | $ | 194,289 | |||||
| Severfield-Rowen PLC |
34,313 | 102,537 | ||||||
| Shaftesbury PLC |
24,748 | 144,380 | ||||||
| Smiths News PLC |
50,254 | 86,140 | ||||||
| Spectris PLC |
18,485 | 232,030 | ||||||
| Speedy Hire PLC |
111,863 | 51,330 | ||||||
| Spirax-Sarco Engineering PLC |
10,094 | 214,822 | ||||||
| Sthree PLC |
32,843 | 169,386 | ||||||
| Telecom Plus PLC |
13,848 | 62,598 | ||||||
| Tullett Prebon PLC |
59,273 | 314,420 | ||||||
| Victrex PLC |
9,395 | 125,483 | ||||||
| Wellstream Holdings PLC |
9,761 | 96,982 | ||||||
| Wincanton PLC |
30,628 | 93,500 | ||||||
| Workspace Group PLC |
262,025 | 95,392 | ||||||
| WSP Group PLC |
16,579 | 73,183 | ||||||
| Total United Kingdom | 12,048,162 | |||||||
| TOTAL COMMON STOCKS (Cost: $31,153,867) |
29,725,833 | |||||||
| SHORT-TERM INVESTMENT – 0.6% | ||||||||
| MONEY MARKET FUND – 0.6% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $188,601) | 188,601 | 188,601 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.2% | ||||||||
| MONEY MARKET FUND – 7.2% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $2,169,018)(d) | 2,169,018 | 2,169,018 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 106.6% (Cost: $33,511,486) | 32,083,452 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (6.6)% |
(1,988,788 | ) | ||||||
| NET ASSETS – 100.0% | $ | 30,094,664 | ||||||
RSP – Risparmio Italian Savings Shares
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0% of net assets. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $1,756,761 and the total market value of the collateral held by the Fund was $2,169,018. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 49 |
Table of Contents
Schedule of Investments
WisdomTree Japan Total Dividend Fund (DXJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.6% | ||||||||
| Advertising – 0.0% | ||||||||
| Hakuhodo DY Holdings, Inc. |
238 | $ | 12,532 | |||||
| Agriculture – 0.9% | ||||||||
| Japan Tobacco, Inc. |
128 | 476,712 | ||||||
| Apparel – 0.3% | ||||||||
| Onward Holdings Co., Ltd. |
20,182 | 157,456 | ||||||
| Auto Manufacturers – 7.1% | ||||||||
| Honda Motor Co., Ltd. |
46,312 | 1,635,591 | ||||||
| Suzuki Motor Corp. |
7,214 | 159,273 | ||||||
| Toyota Motor Corp. |
52,000 | 2,084,118 | ||||||
| Total Auto Manufacturers | 3,878,982 | |||||||
| Auto Parts & Equipment – 2.7% | ||||||||
| Aisin Seiki Co., Ltd. |
7,908 | 236,969 | ||||||
| Bridgestone Corp. |
18,312 | 312,778 | ||||||
| DENSO Corp. |
11,014 | 328,275 | ||||||
| JTEKT Corp. |
502 | 5,931 | ||||||
| NOK Corp. |
502 | 7,559 | ||||||
| Showa Corp.* |
820 | 6,529 | ||||||
| Stanley Electric Co., Ltd. |
8,614 | 167,136 | ||||||
| Sumitomo Electric Industries Ltd. |
15,800 | 193,780 | ||||||
| Sumitomo Rubber Industries, Inc. |
18,924 | 166,881 | ||||||
| Tokai Rika Co., Ltd. |
502 | 10,310 | ||||||
| Toyoda Gosei Co., Ltd. |
502 | 14,081 | ||||||
| Toyota Boshoku Corp. |
502 | 9,649 | ||||||
| Total Auto Parts & Equipment | 1,459,878 | |||||||
| Banks – 7.3% | ||||||||
| Bank of Yokohama Ltd. (The) |
23,018 | 112,824 | ||||||
| Chiba Bank Ltd. (The)(a) |
27,000 | 161,526 | ||||||
| Chuo Mitsui Trust Holdings, Inc. |
40,014 | 150,310 | ||||||
| Fukuoka Financial Group, Inc. |
44,504 | 189,085 | ||||||
| Hiroshima Bank Ltd. (The) |
46,008 | 194,490 | ||||||
| Hokuhoku Financial Group, Inc. |
75,020 | 164,588 | ||||||
| Joyo Bank Ltd. (The) |
33,018 | 147,351 | ||||||
| Mitsubishi UFJ Financial Group, Inc. |
209,134 | 1,096,700 | ||||||
| Mizuho Financial Group, Inc.(a) |
386,375 | 764,976 | ||||||
| Resona Holdings, Inc. |
9,961 | 126,005 | ||||||
| Shizuoka Bank Ltd. (The) |
20,008 | 174,513 | ||||||
| Sumitomo Mitsui Financial Group, Inc. |
12,959 | 428,546 | ||||||
| Sumitomo Trust & Banking Co., Ltd. (The) |
45,010 | 263,971 | ||||||
| Total Banks | 3,974,885 | |||||||
| Beverages – 1.3% | ||||||||
| Asahi Breweries Ltd. |
12,614 | 236,647 | ||||||
| Coca-Cola West Co., Ltd. |
10,010 | 163,798 | ||||||
| Ito En Ltd.(a) |
2,700 | 41,812 | ||||||
| Kirin Holdings Co., Ltd. |
20,008 | 295,281 | ||||||
| Total Beverages | 737,538 | |||||||
| Building Materials – 2.3% | ||||||||
| Asahi Glass Co., Ltd. |
33,018 | 372,088 | ||||||
| Daikin Industries Ltd. |
3,320 | 135,905 | ||||||
| JS Group Corp. |
13,116 | 267,121 | ||||||
| Investments | Shares | Value | ||||||
| Panasonic Electric Works Co., Ltd. |
26,014 | $ | 328,516 | |||||
| TOTO Ltd. |
20,008 | 136,399 | ||||||
| Total Building Materials | 1,240,029 | |||||||
| Chemicals – 4.7% | ||||||||
| Asahi Kasei Corp. |
33,018 | 177,740 | ||||||
| DIC Corp. |
58,022 | 125,433 | ||||||
| Hitachi Chemical Co., Ltd. |
9,814 | 212,161 | ||||||
| JSR Corp. |
9,814 | 205,123 | ||||||
| Kaneka Corp. |
26,014 | 168,712 | ||||||
| Mitsubishi Chemical Holdings Corp. |
52,118 | 266,614 | ||||||
| Mitsubishi Gas Chemical Co., Inc. |
27,012 | 162,754 | ||||||
| Nitto Denko Corp. |
7,110 | 276,213 | ||||||
| Shin-Etsu Chemical Co., Ltd. |
7,310 | 424,800 | ||||||
| Showa Denko K.K. |
62,010 | 140,027 | ||||||
| Sumitomo Chemical Co., Ltd. |
46,010 | 225,027 | ||||||
| Taiyo Nippon Sanso Corp. |
16,022 | 156,722 | ||||||
| Ube Industries Ltd. |
5,020 | 12,894 | ||||||
| Total Chemicals | 2,554,220 | |||||||
| Commercial Services – 1.6% | ||||||||
| Dai Nippon Printing Co., Ltd. |
23,004 | 310,938 | ||||||
| Park24 Co., Ltd. |
15,822 | 161,877 | ||||||
| Secom Co., Ltd. |
5,116 | 223,935 | ||||||
| Sohgo Security Services Co., Ltd. |
502 | 5,818 | ||||||
| Toppan Printing Co., Ltd. |
22,002 | 198,734 | ||||||
| Total Commercial Services | 901,302 | |||||||
| Computers – 1.5% | ||||||||
| Fujitsu Ltd. |
27,000 | 176,841 | ||||||
| Itochu Techno-Solutions Corp. |
5,208 | 171,110 | ||||||
| Otsuka Corp.(a) |
2,404 | 152,823 | ||||||
| TDK Corp. |
4,506 | 299,950 | ||||||
| Total Computers | 800,724 | |||||||
| Cosmetics/Personal Care – 1.4% | ||||||||
| Kao Corp. |
15,014 | 380,813 | ||||||
| Shiseido Co., Ltd.(a) |
17,308 | 376,019 | ||||||
| Total Cosmetics/Personal Care | 756,832 | |||||||
| Distribution/Wholesale – 6.7% | ||||||||
| Advan Co., Ltd. |
7,214 | 51,110 | ||||||
| Canon Marketing Japan, Inc. |
15,612 | 212,693 | ||||||
| Hitachi High-Technologies Corp. |
7,214 | 165,604 | ||||||
| Inabata & Co., Ltd. |
13,308 | 62,809 | ||||||
| ITOCHU Corp. |
52,016 | 455,919 | ||||||
| Marubeni Corp. |
53,000 | 329,548 | ||||||
| Mitsubishi Corp. |
38,700 | 1,014,715 | ||||||
| Mitsui & Co., Ltd. |
37,518 | 630,787 | ||||||
| Sojitz Corp. |
54,304 | 105,191 | ||||||
| Sumitomo Corp. |
39,608 | 455,679 | ||||||
| Toyota Tsusho Corp. |
9,910 | 155,480 | ||||||
| Yamazen Corp. |
9,914 | 42,122 | ||||||
| Total Distribution/Wholesale | 3,681,657 | |||||||
| Diversified Financial Services – 1.0% | ||||||||
| ACOM Co., Ltd.(a) |
5,544 | 90,778 | ||||||
See Notes to Financial Statements.
| 50 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Total Dividend Fund (DXJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| Aeon Credit Service Co., Ltd. |
5,422 | $ | 64,410 | |||||
| Credit Saison Co., Ltd. |
5,400 | 83,797 | ||||||
| Daiwa Securities Group, Inc. |
6,006 | 31,624 | ||||||
| Hitachi Capital Corp. |
7,210 | 102,702 | ||||||
| Mitsubishi UFJ Lease & Finance Co., Ltd. |
1,802 | 65,569 | ||||||
| Promise Co., Ltd.(a) |
5,410 | 50,198 | ||||||
| Takefuji Corp.(a) |
14,818 | 63,116 | ||||||
| Total Diversified Financial Services | 552,194 | |||||||
| Electric – 5.3% | ||||||||
| Chubu Electric Power Co., Inc. |
15,516 | 388,066 | ||||||
| Chugoku Electric Power Co., Inc. (The) |
10,412 | 207,037 | ||||||
| Electric Power Development Co., Ltd. |
5,400 | 177,997 | ||||||
| Hokkaido Electric Power Co., Inc.(a) |
9,808 | 188,308 | ||||||
| Hokuriku Electric Power Co.(a) |
7,210 | 158,645 | ||||||
| Kansai Electric Power Co., Inc. (The) |
20,620 | 472,689 | ||||||
| Kyushu Electric Power Co., Inc. |
13,710 | 298,586 | ||||||
| Shikoku Electric Power Co., Inc. |
5,008 | 141,975 | ||||||
| Tohoku Electric Power Co., Inc. |
13,806 | 291,959 | ||||||
| Tokyo Electric Power Co., Inc. (The) |
21,414 | 571,101 | ||||||
| Total Electric | 2,896,363 | |||||||
| Electrical Components & Equipment – 0.7% | ||||||||
| Brother Industries Ltd. |
13,304 | 160,890 | ||||||
| Casio Computer Co., Ltd. |
10,700 | 82,334 | ||||||
| Furukawa Electric Co., Ltd. |
24,000 | 124,829 | ||||||
| Ushio, Inc. |
1,304 | 22,133 | ||||||
| Total Electrical Components & Equipment | 390,186 | |||||||
| Electronics – 2.9% | ||||||||
| Advantest Corp. |
4,400 | 110,094 | ||||||
| Chiyoda Integre Co., Ltd. |
7,624 | 102,806 | ||||||
| Hamamatsu Photonics K.K. |
7,010 | 198,282 | ||||||
| Hirose Electric Co., Ltd. |
720 | 83,065 | ||||||
| HOYA CORP. |
5,924 | 162,872 | ||||||
| Ibiden Co., Ltd. |
2,700 | 93,044 | ||||||
| Idec Corp. |
8,502 | 76,340 | ||||||
| Kyocera Corp. |
2,604 | 253,879 | ||||||
| Mabuchi Motor Co., Ltd. |
2,722 | 156,725 | ||||||
| NGK Insulators Ltd. |
1,012 | 20,654 | ||||||
| Nippon Electric Glass Co., Ltd. |
6,018 | 84,821 | ||||||
| Shinko Shoji Co., Ltd. |
502 | 4,335 | ||||||
| Yamatake Corp. |
7,210 | 168,676 | ||||||
| Yokogawa Electric Corp.* |
11,720 | 102,098 | ||||||
| Total Electronics | 1,617,691 | |||||||
| Engineering & Construction – 1.3% | ||||||||
| JGC Corp. |
6,018 | 107,427 | ||||||
| Kajima Corp. |
49,014 | 120,122 | ||||||
| Obayashi Corp. |
28,012 | 124,411 | ||||||
| Shimizu Corp. |
33,006 | 137,761 | ||||||
| Taisei Corp. |
61,024 | 134,535 | ||||||
| Yurtec Corp. |
16,000 | 80,993 | ||||||
| Total Engineering & Construction | 705,249 | |||||||
| Entertainment – 0.6% | ||||||||
| Oriental Land Co., Ltd. |
2,600 | 181,421 | ||||||
| Investments | Shares | Value | ||||||
| Sankyo Co., Ltd. |
2,700 | $ | 133,642 | |||||
| Toho Co., Ltd. |
502 | 8,091 | ||||||
| Total Entertainment | 323,154 | |||||||
| Environmental Control – 0.2% | ||||||||
| Kurita Water Industries Ltd. |
3,320 | 93,979 | ||||||
| Food – 1.4% | ||||||||
| Ajinomoto Co., Inc. |
24,002 | 237,862 | ||||||
| Nisshin Seifun Group, Inc. |
12,506 | 161,545 | ||||||
| Nissin Foods Holdings Co., Ltd. |
5,200 | 175,021 | ||||||
| Starzen Co., Ltd. |
31,022 | 82,668 | ||||||
| Yokohama Reito Co., Ltd. |
14,000 | 100,385 | ||||||
| Total Food | 757,481 | |||||||
| Forest Products & Paper – 0.7% | ||||||||
| Chuetsu Pulp & Paper Co., Ltd. |
5,006 | 9,001 | ||||||
| Nippon Paper Group, Inc. |
7,306 | 188,045 | ||||||
| OJI Paper Co., Ltd. |
46,022 | 201,937 | ||||||
| Total Forest Products & Paper | 398,983 | |||||||
| Gas – 1.1% | ||||||||
| Osaka Gas Co., Ltd. |
53,014 | 190,065 | ||||||
| Toho Gas Co., Ltd. |
26,002 | 141,920 | ||||||
| Tokyo Gas Co., Ltd. |
58,020 | 255,825 | ||||||
| Total Gas | 587,810 | |||||||
| Hand/Machine Tools – 0.8% | ||||||||
| Hitachi Koki Co., Ltd.(a) |
10,914 | 117,620 | ||||||
| Makita Corp. |
5,924 | 195,269 | ||||||
| SMC Corp. |
720 | 97,782 | ||||||
| THK Co., Ltd. |
502 | 10,960 | ||||||
| Total Hand/Machine Tools | 421,631 | |||||||
| Healthcare-Products – 0.2% | ||||||||
| Terumo Corp. |
2,102 | 112,029 | ||||||
| Home Builders – 1.0% | ||||||||
| Daiwa House Industry Co., Ltd. |
20,022 | 226,062 | ||||||
| Sekisui Chemical Co., Ltd. |
20,008 | 135,756 | ||||||
| Sekisui House Ltd. |
20,022 | 200,134 | ||||||
| Token Corp. |
88 | 2,517 | ||||||
| Total Home Builders | 564,469 | |||||||
| Home Furnishings – 2.8% | ||||||||
| Panasonic Corp. |
46,312 | 708,756 | ||||||
| Sharp Corp. |
25,002 | 312,793 | ||||||
| Sony Corp. |
13,308 | 509,874 | ||||||
| Total Home Furnishings | 1,531,423 | |||||||
| Household Products/Wares – 0.0% | ||||||||
| Kokuyo Co., Ltd. |
502 | 4,185 | ||||||
| Insurance – 1.8% | ||||||||
| MS&AD Insurance Group Holdings |
13,030 | 361,867 | ||||||
| Nipponkoa Insurance Co., Ltd. |
20,022 | 124,066 | ||||||
| Sompo Japan Insurance, Inc. |
27,000 | 183,776 | ||||||
| T&D Holdings, Inc. |
4,216 | 99,850 | ||||||
| Tokio Marine Holdings, Inc. |
8,624 | 243,011 | ||||||
| Total Insurance | 1,012,570 | |||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Total Dividend Fund (DXJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| Internet – 0.3% | ||||||||
| Matsui Securities Co., Ltd. |
502 | $ | 3,589 | |||||
| Trend Micro, Inc. |
4,908 | 171,234 | ||||||
| Total Internet | 174,823 | |||||||
| Iron/Steel – 2.6% | ||||||||
| Hitachi Metals Ltd. |
7,018 | 73,830 | ||||||
| JFE Holdings, Inc. |
13,116 | 528,486 | ||||||
| Nippon Steel Corp. |
56,010 | 219,988 | ||||||
| Nisshin Steel Co., Ltd. |
53,000 | 110,606 | ||||||
| Sumitomo Metal Industries Ltd. |
157,002 | 475,509 | ||||||
| Total Iron/Steel | 1,408,419 | |||||||
| Leisure Time – 0.5% | ||||||||
| Daikoku Denki Co., Ltd. |
502 | 8,843 | ||||||
| Sega Sammy Holdings, Inc. |
9,818 | 118,942 | ||||||
| Yamaha Corp. |
10,010 | 129,303 | ||||||
| Total Leisure Time | 257,088 | |||||||
| Machinery-Construction & Mining – 1.3% | ||||||||
| Aichi Corp. |
4,702 | 20,380 | ||||||
| Hitachi Construction Machinery Co., Ltd.(a) |
8,004 | 189,221 | ||||||
| Komatsu Ltd. |
23,006 | 482,575 | ||||||
| Total Machinery-Construction & Mining | 692,176 | |||||||
| Machinery-Diversified – 2.0% | ||||||||
| Amada Co., Ltd. |
26,014 | 218,268 | ||||||
| CKD Corp. |
502 | 4,201 | ||||||
| Fanuc Ltd. |
2,700 | 286,644 | ||||||
| Japan Steel Works Ltd. (The) |
6,018 | 68,978 | ||||||
| Kawasaki Heavy Industries Ltd. |
33,006 | 91,134 | ||||||
| Kubota Corp. |
26,014 | 237,200 | ||||||
| Mitsubishi Heavy Industries Ltd. |
52,016 | 215,434 | ||||||
| Total Machinery-Diversified | 1,121,859 | |||||||
| Media – 0.3% | ||||||||
| Nippon Television Network Corp. |
1,276 | 173,702 | ||||||
| Metal Fabricate/Hardware – 0.6% | ||||||||
| NSK Ltd. |
26,000 | 205,351 | ||||||
| NTN Corp. |
28,012 | 126,510 | ||||||
| Total Metal Fabricate/Hardware | 331,861 | |||||||
| Miscellaneous Manufacturing – 0.9% | ||||||||
| FUJIFILM Holdings Corp. |
5,204 | 179,333 | ||||||
| Konica Minolta Holdings, Inc. |
13,000 | 151,787 | ||||||
| Nikon Corp. |
6,618 | 144,557 | ||||||
| Total Miscellaneous Manufacturing | 475,677 | |||||||
| Office/Business Equipment – 3.7% | ||||||||
| Canon, Inc. |
35,010 | 1,622,360 | ||||||
| Ricoh Co., Ltd. |
20,008 | 312,625 | ||||||
| Seiko Epson Corp. |
5,314 | 82,576 | ||||||
| Total Office/Business Equipment | 2,017,561 | |||||||
| Oil & Gas – 1.4% | ||||||||
| Cosmo Oil Co., Ltd. |
29,006 | 70,156 | ||||||
| Idemitsu Kosan Co., Ltd. |
720 | 54,555 | ||||||
| Nippon Mining Holdings, Inc. |
26,014 | 119,574 | ||||||
| Investments | Shares | Value | ||||||
| Nippon Oil Corp. |
46,008 | $ | 227,972 | |||||
| Showa Shell Sekiyu K.K. |
15,122 | 102,280 | ||||||
| TonenGeneral Sekiyu K.K. |
23,004 | 194,244 | ||||||
| Total Oil & Gas | 768,781 | |||||||
| Packaging & Containers – 0.0% | ||||||||
| Toyo Seikan Kaisha Ltd. |
502 | 8,897 | ||||||
| Pharmaceuticals – 7.5% | ||||||||
| Astellas Pharma, Inc. |
13,308 | 482,102 | ||||||
| Chugai Pharmaceutical Co., Ltd. |
10,416 | 195,969 | ||||||
| Daiichi Sankyo Co., Ltd. |
28,908 | 541,715 | ||||||
| Dainippon Sumitomo Pharma Co., Ltd. |
18,618 | 170,758 | ||||||
| Eisai Co., Ltd.(a) |
10,704 | 382,040 | ||||||
| Hisamitsu Pharmaceutical Co., Inc. |
4,804 | 178,659 | ||||||
| Kyowa Hakko Kirin Co., Ltd.(a) |
17,022 | 175,794 | ||||||
| Medipal Holdings Corp. |
11,700 | 138,612 | ||||||
| Mitsubishi Tanabe Pharma Corp. |
20,008 | 282,647 | ||||||
| Seikagaku Corp. |
502 | 5,249 | ||||||
| Shionogi & Co., Ltd. |
6,618 | 125,929 | ||||||
| Suzuken Co., Ltd. |
5,200 | 183,369 | ||||||
| Takeda Pharmaceutical Co., Ltd.(a) |
28,716 | 1,264,623 | ||||||
| Total Pharmaceuticals | 4,127,466 | |||||||
| Real Estate – 1.2% | ||||||||
| Daito Trust Construction Co., Ltd. |
3,324 | 160,437 | ||||||
| Mitsubishi Estate Co., Ltd. |
6,018 | 98,540 | ||||||
| Mitsui Fudosan Co., Ltd. |
6,018 | 102,211 | ||||||
| Nomura Real Estate Holdings, Inc. |
5,400 | 83,335 | ||||||
| Sankei Building Co., Ltd. (The) |
4,610 | 28,714 | ||||||
| Sumitomo Real Estate Sales Co., Ltd.(a) |
142 | 6,170 | ||||||
| Sumitomo Realty & Development Co., Ltd. |
1,012 | 19,267 | ||||||
| Tokyo Tatemono Co., Ltd. |
17,008 | 61,159 | ||||||
| Tokyu Land Corp.(a) |
26,002 | 99,344 | ||||||
| Tokyu Livable, Inc. |
502 | 4,577 | ||||||
| Total Real Estate | 663,754 | |||||||
| Retail – 3.3% | ||||||||
| Aeon Co., Ltd. |
14,600 | 165,781 | ||||||
| Belluna Co., Ltd. |
3,666 | 15,576 | ||||||
| Citizen Holdings Co., Ltd. |
2,224 | 15,209 | ||||||
| FamilyMart Co., Ltd. |
5,300 | 168,745 | ||||||
| Fast Retailing Co., Ltd. |
1,906 | 331,469 | ||||||
| Honeys Co., Ltd. |
3,352 | 28,770 | ||||||
| Isetan Mitsukoshi Holdings Ltd. |
502 | 5,399 | ||||||
| Izumi Co., Ltd. |
502 | 6,587 | ||||||
| Lawson, Inc. |
5,400 | 230,586 | ||||||
| Marui Group Co., Ltd.(a) |
23,218 | 168,470 | ||||||
| Nitori Co., Ltd. |
264 | 20,060 | ||||||
| Point, Inc. |
58 | 3,476 | ||||||
| Seven & I Holdings Co., Ltd. |
15,708 | 379,756 | ||||||
| UNY Co., Ltd. |
2,016 | 16,678 | ||||||
| USS Co., Ltd. |
3,332 | 226,436 | ||||||
| Yamada Denki Co., Ltd. |
238 | 17,575 | ||||||
| Total Retail | 1,800,573 | |||||||
See Notes to Financial Statements.
| 52 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Total Dividend Fund (DXJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| Semiconductors – 0.1% | ||||||||
| Shinko Electric Industries Co., Ltd. |
502 | $ | 7,768 | |||||
| Tokyo Electron Ltd. |
620 | 41,139 | ||||||
| Total Semiconductors | 48,907 | |||||||
| Shipbuilding – 0.0% | ||||||||
| Mitsui Engineering & Shipbuilding Co., Ltd. |
5,020 | 12,518 | ||||||
| Software – 1.2% | ||||||||
| Konami Corp. |
6,214 | 119,904 | ||||||
| Nomura Research Institute Ltd. |
7,720 | 175,980 | ||||||
| Oracle Corp. |
5,924 | 274,835 | ||||||
| Square Enix Holdings Co., Ltd. |
502 | 10,981 | ||||||
| Zenrin Co., Ltd. |
6,500 | 77,911 | ||||||
| Total Software | 659,611 | |||||||
| Telecommunications – 7.6% | ||||||||
| KDDI Corp. |
86 | 445,462 | ||||||
| Nippon Telegraph & Telephone Corp. |
40,102 | 1,690,945 | ||||||
| NTT DoCoMo, Inc.(a) |
1,339 | 2,040,599 | ||||||
| Softbank Corp. |
502 | 12,373 | ||||||
| Total Telecommunications | 4,189,379 | |||||||
| Textiles – 0.9% | ||||||||
| Kuraray Co., Ltd. |
13,506 | 181,834 | ||||||
| Teijin Ltd. |
46,022 | 154,655 | ||||||
| Toray Industries, Inc.(a) |
26,000 | 151,926 | ||||||
| Total Textiles | 488,415 | |||||||
| Toys/Games/Hobbies – 0.2% | ||||||||
| Namco Bandai Holdings, Inc. |
10,106 | 98,529 | ||||||
| Transportation – 3.4% | ||||||||
| East Japan Railway Co. |
3,512 | 244,306 | ||||||
| Hankyu Hanshin Holdings, Inc. |
27,012 | 125,173 | ||||||
| Kintetsu Corp. |
33,018 | 102,828 | ||||||
| Mitsui O.S.K. Lines Ltd. |
53,000 | 380,597 | ||||||
| Nippon Express Co., Ltd. |
46,008 | 197,937 | ||||||
| Nippon Yusen K.K. |
41,014 | 161,967 | ||||||
| Odakyu Electric Railway Co., Ltd. |
20,008 | 166,591 | ||||||
| Tobu Railway Co., Ltd. |
27,000 | 149,968 | ||||||
| Tokyu Corp. |
27,000 | 112,982 | ||||||
| Yamato Holdings Co., Ltd. |
17,622 | 247,809 | ||||||
| Total Transportation | 1,890,158 | |||||||
| TOTAL COMMON STOCKS (Cost: $57,271,400) |
54,012,298 | |||||||
| SHORT-TERM INVESTMENT – 0.4% | ||||||||
| MONEY MARKET FUND – 0.4% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $193,191) | 193,191 | 193,191 | ||||||
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.4% | ||||||||
| MONEY MARKET FUND – 11.4% | ||||||||
| Dreyfus Institutional Preferred Money Market |
||||||||
| (Cost: $6,240,050)(d) | 6,240,050 | $ | 6,240,050 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 110.4% (Cost: $63,704,641) | 60,445,539 | |||||||
| Liabilities in Excess of Cash and Other |
(5,694,826 | ) | ||||||
| NET ASSETS – 100.0% | $ | 54,750,713 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $5,945,247 and the total market value of the collateral held by the Fund was $6,240,050. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 53 |
Table of Contents
Schedule of Investments
WisdomTree World ex-U.S. Growth Fund (DNL)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 97.7% | ||||||||
| Australia – 8.3% | ||||||||
| BHP Billiton Ltd. |
26,288 | $ | 1,051,758 | |||||
| Coca-Cola Amatil Ltd. |
10,016 | 103,423 | ||||||
| CSL Ltd. |
2,916 | 97,503 | ||||||
| Incitec Pivot Ltd. |
32,044 | 102,058 | ||||||
| Metcash Ltd. |
13,439 | 51,067 | ||||||
| Orica Ltd. |
4,971 | 122,233 | ||||||
| Origin Energy Ltd. |
6,561 | 99,664 | ||||||
| Santos Ltd. |
3,899 | 52,464 | ||||||
| Sims Metal Management Ltd. |
2,179 | 43,320 | ||||||
| Sonic Healthcare Ltd. |
4,836 | 63,784 | ||||||
| Woolworths Ltd. |
10,302 | 264,759 | ||||||
| Total Australia | 2,052,033 | |||||||
| Belgium – 0.8% | ||||||||
| Colruyt S.A. |
467 | 115,164 | ||||||
| Delhaize Group |
899 | 72,378 | ||||||
| Total Belgium | 187,542 | |||||||
| Brazil – 6.7% | ||||||||
| Centrais Eletricas Brasileiras S.A. |
13,200 | 194,520 | ||||||
| Cia de Bebidas das Americas |
2,456 | 192,027 | ||||||
| Light S.A. |
11,188 | 151,581 | ||||||
| Natura Cosmeticos S.A. |
5,400 | 109,743 | ||||||
| Petroleo Brasileiro S.A. |
30,300 | 672,145 | ||||||
| Redecard S.A. |
8,417 | 155,163 | ||||||
| Souza Cruz S.A. |
5,600 | 195,107 | ||||||
| Total Brazil | 1,670,286 | |||||||
| Canada – 5.2% | ||||||||
| Brookfield Properties Corp. |
7,785 | 120,088 | ||||||
| Canadian Natural Resources Ltd. |
1,438 | 106,544 | ||||||
| Enbridge, Inc. |
4,023 | 192,079 | ||||||
| EnCana Corp. |
6,612 | 205,943 | ||||||
| George Weston Ltd. |
1,016 | 70,250 | ||||||
| Goldcorp, Inc. |
1,503 | 56,221 | ||||||
| Loblaw Cos. Ltd. |
2,174 | 80,377 | ||||||
| RioCan Real Estate Investment Trust(a) |
5,653 | 102,969 | ||||||
| Talisman Energy, Inc. |
3,980 | 68,141 | ||||||
| Thomson Reuters Corp. |
7,861 | 286,376 | ||||||
| Total Canada | 1,288,988 | |||||||
| China – 0.7% | ||||||||
| China Citic Bank Corp., Ltd. Class H |
155,000 | 116,180 | ||||||
| Guangzhou R&F Properties Co., Ltd. Class H |
33,600 | 55,043 | ||||||
| Total China | 171,223 | |||||||
| Denmark – 0.2% | ||||||||
| H. Lundbeck A/S |
3,045 | 57,503 | ||||||
| Finland – 0.4% | ||||||||
| Kone Oyj Class B |
2,416 | 100,034 | ||||||
| France – 0.4% | ||||||||
| Bureau Veritas S.A. |
1,787 | 95,027 | ||||||
| Germany – 0.2% | ||||||||
| Volkswagen AG |
627 | 60,660 | ||||||
| Investments | Shares | Value | ||||||
| Hong Kong – 5.6% | ||||||||
| China Overseas Land & Investment Ltd. |
30,000 | $ | 67,768 | |||||
| CNOOC Ltd. |
490,300 | 806,990 | ||||||
| Hang Lung Group Ltd. |
9,000 | 47,755 | ||||||
| Hang Lung Properties Ltd. |
30,000 | 120,932 | ||||||
| Henderson Land Development Co., Ltd. |
14,000 | 98,626 | ||||||
| MTR Corp. |
33,500 | 126,844 | ||||||
| Shanghai Industrial Holdings Ltd. |
14,000 | 64,188 | ||||||
| Sinotrans Shipping Ltd. |
116,000 | 55,425 | ||||||
| Total Hong Kong | 1,388,528 | |||||||
| Indonesia – 3.1% | ||||||||
| Astra International Tbk PT |
41,500 | 191,093 | ||||||
| Bank Central Asia Tbk PT |
250,500 | 151,410 | ||||||
| Bank Mandiri Tbk PT |
168,000 | 98,775 | ||||||
| Bank Rakyat Indonesia |
117,000 | 106,077 | ||||||
| Indo Tambangraya Megah PT |
27,400 | 114,574 | ||||||
| Unilever Indonesia Tbk PT |
85,000 | 113,495 | ||||||
| Total Indonesia | 775,424 | |||||||
| Israel – 2.2% | ||||||||
| Bezeq Israeli Telecommunication Corp., Ltd. |
55,594 | 157,862 | ||||||
| Israel Chemicals Ltd. |
27,682 | 374,664 | ||||||
| Total Israel | 532,526 | |||||||
| Japan – 1.6% | ||||||||
| Chugai Pharmaceutical Co., Ltd. |
3,600 | 67,731 | ||||||
| Fast Retailing Co., Ltd. |
600 | 104,345 | ||||||
| Kyowa Hakko Kirin Co., Ltd. |
6,000 | 61,965 | ||||||
| Mitsubishi Tanabe Pharma Corp. |
6,000 | 84,760 | ||||||
| TonenGeneral Sekiyu K.K. |
8,000 | 67,551 | ||||||
| Total Japan | 386,352 | |||||||
| Malaysia – 2.1% | ||||||||
| British American Tobacco Malaysia Bhd |
4,400 | 59,539 | ||||||
| Digi.Com Bhd |
3,400 | 23,535 | ||||||
| Petronas Dagangan Bhd |
16,200 | 44,945 | ||||||
| Petronas Gas Bhd |
41,400 | 124,378 | ||||||
| Plus Expressways Bhd |
72,000 | 74,604 | ||||||
| Telekom Malaysia Bhd |
71,400 | 75,296 | ||||||
| Tenaga Nasional Bhd |
52,600 | 129,323 | ||||||
| Total Malaysia | 531,620 | |||||||
| Mexico – 1.2% | ||||||||
| Grupo Financiero Inbursa S.A. Class O |
27,600 | 96,290 | ||||||
| Kimberly-Clark de Mexico S.A.B de C.V. Class A |
16,700 | 94,710 | ||||||
| Telefonos de Mexico S.A.B de CV |
144,800 | 113,723 | ||||||
| Total Mexico | 304,723 | |||||||
| Netherlands – 0.7% | ||||||||
| Koninklijke Ahold N.V. |
12,921 | 172,561 | ||||||
| Norway – 0.6% | ||||||||
| Fred Olsen Energy ASA |
3,567 | 136,714 | ||||||
| Philippines – 0.6% | ||||||||
| SM Investments Corp. |
18,190 | 148,933 | ||||||
See Notes to Financial Statements.
| 54 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree World ex-U.S. Growth Fund (DNL)
March 31, 2010
| Investments | Shares | Value | ||||||
| Singapore – 1.1% | ||||||||
| Jardine Cycle & Carriage Ltd. |
6,000 | $ | 126,090 | |||||
| Wilmar International Ltd. |
33,000 | 158,149 | ||||||
| Total Singapore | 284,239 | |||||||
| South Africa – 6.8% | ||||||||
| ABSA Group Ltd. |
9,738 | 188,688 | ||||||
| African Bank Investments Ltd. |
19,065 | 92,418 | ||||||
| Bidvest Group Ltd. |
4,129 | 76,604 | ||||||
| Gold Fields Ltd. |
4,706 | 59,082 | ||||||
| Kumba Iron Ore Ltd.(a) |
10,243 | 492,209 | ||||||
| MTN Group Ltd. |
7,928 | 120,907 | ||||||
| Nedbank Group Ltd. |
8,075 | 153,936 | ||||||
| RMB Holdings Ltd. |
21,014 | 92,623 | ||||||
| Shoprite Holdings Ltd. |
6,973 | 69,028 | ||||||
| Standard Bank Group Ltd. |
16,681 | 260,302 | ||||||
| Tiger Brands Ltd. |
3,210 | 80,163 | ||||||
| Total South Africa | 1,685,960 | |||||||
| South Korea – 1.4% | ||||||||
| LG Chem Ltd. |
630 | 133,912 | ||||||
| LG Corp. |
1,015 | 63,693 | ||||||
| Samsung Securities Co., Ltd.* |
809 | 43,616 | ||||||
| SK Energy Co., Ltd. |
862 | 92,565 | ||||||
| Total South Korea | 333,786 | |||||||
| Spain – 2.7% | ||||||||
| Bankinter, S.A. |
3,457 | 28,814 | ||||||
| Inditex S.A. |
7,855 | 518,729 | ||||||
| Indra Sistemas S.A. |
2,732 | 56,115 | ||||||
| Zardoya Otis, S.A. |
3,767 | 65,396 | ||||||
| Total Spain | 669,054 | |||||||
| Sweden – 4.3% | ||||||||
| Assa Abloy AB Class B |
3,109 | 61,039 | ||||||
| Atlas Copco AB Class A |
9,852 | 153,317 | ||||||
| Atlas Copco AB Class B |
5,769 | 81,121 | ||||||
| Hennes & Mauritz AB Class B |
9,489 | 618,492 | ||||||
| Ratos AB Class B* |
2,377 | 79,101 | ||||||
| Swedish Match AB |
2,825 | 67,750 | ||||||
| Total Sweden | 1,060,820 | |||||||
| Switzerland – 1.3% | ||||||||
| Compagnie Financiere Richemont S.A. Class A |
8,586 | 333,064 | ||||||
| Taiwan – 1.3% | ||||||||
| Quanta Computer, Inc. |
68,520 | 132,906 | ||||||
| Taiwan Mobile Co., Ltd. |
70,000 | 131,809 | ||||||
| Wistron Corp. |
34,769 | 63,171 | ||||||
| Total Taiwan | 327,886 | |||||||
| Turkey – 1.8% | ||||||||
| Akbank TAS |
32,640 | 210,138 | ||||||
| Turkcell Iletisim Hizmet A.S. |
38,978 | 236,859 | ||||||
| Total Turkey | 446,997 | |||||||
| Investments | Shares | Value | ||||||
| United Kingdom – 36.4% | ||||||||
| Admiral Group PLC |
4,144 | $ | 82,976 | |||||
| Amlin PLC |
3,699 | 21,776 | ||||||
| Antofagasta PLC |
13,513 | 213,178 | ||||||
| Ashmore Group PLC |
12,315 | 49,261 | ||||||
| AstraZeneca PLC |
15,603 | 695,609 | ||||||
| BG Group PLC |
9,902 | 171,307 | ||||||
| BHP Billiton PLC |
18,889 | 647,552 | ||||||
| BP PLC |
309,480 | 2,926,554 | ||||||
| Capita Group PLC (The) |
3,941 | 45,224 | ||||||
| Compass Group PLC |
31,752 | 253,346 | ||||||
| Drax Group PLC |
17,150 | 97,191 | ||||||
| Eurasian Natural Resources Corp. PLC |
9,424 | 170,399 | ||||||
| Firstgroup PLC |
7,764 | 42,280 | ||||||
| G4S PLC |
14,125 | 56,030 | ||||||
| Inmarsat PLC |
4,585 | 52,580 | ||||||
| International Power PLC |
24,480 | 118,419 | ||||||
| Investec PLC |
7,842 | 64,117 | ||||||
| Pearson PLC |
11,332 | 178,083 | ||||||
| Reckitt Benckiser Group PLC |
5,193 | 284,921 | ||||||
| Royal Dutch Shell PLC Class A |
45,715 | 1,324,492 | ||||||
| Royal Dutch Shell PLC Class B |
40,285 | 1,109,422 | ||||||
| RSA Insurance Group PLC |
49,416 | 95,573 | ||||||
| SABMiller PLC |
9,602 | 281,401 | ||||||
| Smith & Nephew PLC |
4,755 | 47,353 | ||||||
| Total United Kingdom | 9,029,044 | |||||||
| TOTAL COMMON STOCKS (Cost: $20,216,830) |
24,231,527 | |||||||
| EXCHANGE-TRADED FUND – 1.4% | ||||||||
| United States – 1.4% | ||||||||
| WisdomTree India Earnings Fund*(b) |
||||||||
| (Cost: $328,051) | 15,387 | 358,979 | ||||||
| RIGHTS – 0.0% | ||||||||
| Germany – 0.0% | ||||||||
| Volkswagen AG, expiring 4/13/10* |
||||||||
| (Cost: $0) | 627 | 390 | ||||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $20,544,881) |
24,590,896 | |||||||
| SHORT-TERM INVESTMENT – 0.8% | ||||||||
| MONEY MARKET FUND – 0.8% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(c) |
||||||||
| (Cost: $209,172) | 209,172 | 209,172 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 55 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree World ex-U.S. Growth Fund (DNL)
March 31, 2010
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6% | ||||||||
| MONEY MARKET FUND – 1.6% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(d) |
||||||||
| (Cost: $385,003)(e) | 385,003 | $ | 385,003 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 101.5% (Cost: $21,139,056) |
25,185,071 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (1.5)% |
(379,882 | ) | ||||||
| NET ASSETS – 100.0% | $ | 24,805,189 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Affiliated Companies (See Note 4). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (d) | Interest rate shown reflects yield as of March 31, 2010. |
| (e) | At March 31, 2010, the total market value of the Fund’s securities on loan was $361,474 and the total market value of the collateral held by the Fund was $385,003. |
See Notes to Financial Statements.
| 56 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.6% | ||||||||
| Advertising – 0.4% | ||||||||
| Asatsu-DK, Inc. |
9,400 | $ | 199,689 | |||||
| Moshi Moshi Hotline, Inc. |
25,750 | 492,458 | ||||||
| Total Advertising | 692,147 | |||||||
| Agriculture – 0.3% | ||||||||
| Hokuto Corp. |
23,500 | 482,122 | ||||||
| Apparel – 2.0% | ||||||||
| Atsugi Co., Ltd. |
24,000 | 30,565 | ||||||
| Gunze Ltd. |
146,000 | 539,062 | ||||||
| Japan Wool Textile Co., Ltd. (The) |
72,000 | 560,188 | ||||||
| Onward Holdings Co., Ltd. |
170,000 | 1,326,306 | ||||||
| Sanyo Shokai Ltd.(a) |
168,000 | 638,271 | ||||||
| Total Apparel | 3,094,392 | |||||||
| Auto Manufacturers – 0.6% | ||||||||
| Kanto Auto Works Ltd. |
30,200 | 242,402 | ||||||
| Nissan Shatai Co., Ltd. |
21,000 | 167,658 | ||||||
| Shinmaywa Industries Ltd. |
147,000 | 544,328 | ||||||
| Total Auto Manufacturers | 954,388 | |||||||
| Auto Parts & Equipment – 5.4% | ||||||||
| Eagle Industry Co., Ltd. |
2,000 | 15,753 | ||||||
| Exedy Corp. |
16,200 | 395,811 | ||||||
| FCC Co., Ltd. |
31,400 | 623,363 | ||||||
| Keihin Corp. |
29,100 | 562,442 | ||||||
| Musashi Seimitsu Industry Co., Ltd. |
21,500 | 458,117 | ||||||
| NHK Spring Co., Ltd. |
135,000 | 1,239,619 | ||||||
| Nifco, Inc. |
51,700 | 1,189,587 | ||||||
| Nippon Seiki Co., Ltd. |
58,000 | 685,895 | ||||||
| Nissin Kogyo Co., Ltd. |
43,300 | 707,147 | ||||||
| Showa Corp.* |
91,400 | 727,757 | ||||||
| Takata Corp. |
28,800 | 738,493 | ||||||
| Teikoku Piston Ring Co., Ltd. |
6,800 | 50,942 | ||||||
| Tokai Rika Co., Ltd. |
30,900 | 634,601 | ||||||
| TS Tech Co., Ltd.(a) |
30,000 | 562,500 | ||||||
| Total Auto Parts & Equipment | 8,592,027 | |||||||
| Banks – 5.8% | ||||||||
| Akita Bank Ltd. (The) |
80,000 | 321,918 | ||||||
| Aomori Bank Ltd. (The) |
71,000 | 167,166 | ||||||
| Awa Bank Ltd. (The) |
71,000 | 423,234 | ||||||
| Bank of Nagoya Ltd. (The) |
83,000 | 337,543 | ||||||
| Bank of Saga Ltd. (The) |
82,000 | 235,188 | ||||||
| Daishi Bank Ltd. (The) |
146,000 | 506,250 | ||||||
| Fukui Bank Ltd. (The) |
92,000 | 292,423 | ||||||
| Higo Bank Ltd. (The) |
74,000 | 411,815 | ||||||
| Hokkoku Bank Ltd. (The) |
138,000 | 512,479 | ||||||
| Hokuetsu Bank Ltd. (The) |
166,000 | 271,811 | ||||||
| Hyakugo Bank Ltd. (The) |
91,000 | 427,536 | ||||||
| Juroku Bank Ltd. (The) |
162,000 | 643,215 | ||||||
| Keiyo Bank Ltd. (The) |
93,000 | 448,876 | ||||||
| Kiyo Holdings, Inc. |
474,000 | 629,024 | ||||||
| Miyazaki Bank Ltd. (The) |
62,000 | 187,778 | ||||||
| Investments | Shares | Value | ||||||
| Musashino Bank Ltd. (The) |
15,400 | $ | 442,355 | |||||
| Ogaki Kyoritsu Bank Ltd. (The) |
88,000 | 304,195 | ||||||
| Oita Bank Ltd. (The) |
67,000 | 246,661 | ||||||
| San-In Godo Bank Ltd. (The) |
59,000 | 492,509 | ||||||
| Toho Bank Ltd. (The) |
82,000 | 261,515 | ||||||
| Tokyo Tomin Bank Ltd. (The) |
30,700 | 408,392 | ||||||
| Yachiyo Bank Ltd. (The) |
13,700 | 317,135 | ||||||
| Yamagata Bank Ltd. (The) |
123,000 | 542,337 | ||||||
| Yamanashi Chuo Bank Ltd. (The) |
70,000 | 307,898 | ||||||
| Total Banks | 9,139,253 | |||||||
| Beverages – 1.2% | ||||||||
| Coca-Cola Central Japan Co., Ltd. |
28,800 | 352,295 | ||||||
| Ito En Ltd.(a) |
53,000 | 820,751 | ||||||
| Mikuni Coca-Cola Bottling Co., Ltd. |
41,900 | 331,379 | ||||||
| Takara Holdings, Inc. |
77,000 | 431,807 | ||||||
| Total Beverages | 1,936,232 | |||||||
| Building Materials – 1.8% | ||||||||
| Central Glass Co., Ltd. |
155,000 | 766,374 | ||||||
| Fujitec Co., Ltd. |
78,000 | 464,127 | ||||||
| Sanwa Holdings Corp. |
209,000 | 697,859 | ||||||
| Sumitomo Osaka Cement Co., Ltd. |
285,000 | 494,114 | ||||||
| Takara Standard Co., Ltd. |
75,000 | 466,342 | ||||||
| Total Building Materials | 2,888,816 | |||||||
| Chemicals – 9.8% | ||||||||
| ADEKA Corp. |
67,400 | 673,711 | ||||||
| Aica Kogyo Co., Ltd. |
66,800 | 744,923 | ||||||
| Denki Kagaku Kogyo K.K. |
301,000 | 1,294,970 | ||||||
| DIC Corp. |
619,000 | 1,338,164 | ||||||
| Earth Chemical Co., Ltd. |
17,500 | 531,892 | ||||||
| Fujimi, Inc. |
24,000 | 423,801 | ||||||
| Lintec Corp. |
24,400 | 477,346 | ||||||
| Nihon Parkerizing Co., Ltd. |
63,000 | 854,249 | ||||||
| Nippon Chemical Industrial Co., Ltd. |
20,000 | 47,945 | ||||||
| Nippon Kayaku Co., Ltd. |
143,000 | 1,242,680 | ||||||
| Nippon Paint Co., Ltd.(a) |
96,000 | 628,767 | ||||||
| Nippon Synthetic Chemical Industry Co., Ltd. (The) |
3,000 | 20,644 | ||||||
| NOF Corp.* |
152,000 | 601,884 | ||||||
| Sanyo Chemical Industries Ltd. |
96,000 | 574,315 | ||||||
| Sumitomo Bakelite Co., Ltd. |
171,000 | 980,907 | ||||||
| T. Hasegawa Co., Ltd.(a) |
33,900 | 512,273 | ||||||
| Taiyo Ink Manufacturing Co., Ltd. |
29,100 | 780,132 | ||||||
| Toagosei Co., Ltd. |
243,000 | 1,032,438 | ||||||
| Tokai Carbon Co., Ltd. |
89,000 | 518,151 | ||||||
| Tokyo Ohka Kogyo Co., Ltd. |
29,000 | 539,095 | ||||||
| Toyo Ink Manufacturing Co., Ltd. |
231,000 | 1,038,313 | ||||||
| Zeon Corp. |
95,000 | 555,116 | ||||||
| Total Chemicals | 15,411,716 | |||||||
| Commercial Services – 2.2% | ||||||||
| Meitec Corp.(a) |
39,100 | 766,182 | ||||||
| Park24 Co., Ltd. |
117,500 | 1,202,162 | ||||||
| Sohgo Security Services Co., Ltd. |
55,100 | 638,627 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 57 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| TKC Corp. |
14,800 | $ | 273,699 | |||||
| Toppan Forms Co., Ltd. |
53,600 | 591,986 | ||||||
| Total Commercial Services | 3,472,656 | |||||||
| Computers – 1.4% | ||||||||
| NEC Fielding Ltd. |
38,000 | 514,855 | ||||||
| NS Solutions Corp. |
36,300 | 658,481 | ||||||
| Otsuka Corp.(a) |
15,600 | 991,695 | ||||||
| Total Computers | 2,165,031 | |||||||
| Cosmetics/Personal Care – 1.6% | ||||||||
| Fancl Corp.(a) |
36,700 | 695,980 | ||||||
| Kose Corp.(a) |
16,300 | 382,904 | ||||||
| Lion Corp. |
133,000 | 670,409 | ||||||
| Mandom Corp. |
16,800 | 458,476 | ||||||
| Pigeon Corp. |
9,300 | 346,361 | ||||||
| Total Cosmetics/Personal Care | 2,554,130 | |||||||
| Distribution/Wholesale – 2.6% | ||||||||
| Ai Holdings Corp. |
126,100 | 426,451 | ||||||
| Inaba Denki Sangyo Co., Ltd. |
16,200 | 375,700 | ||||||
| Itochu Enex Co., Ltd. |
91,900 | 484,875 | ||||||
| Iwatani Corp. |
150,000 | 439,854 | ||||||
| Nagase & Co., Ltd. |
68,000 | 850,728 | ||||||
| Ryoden Trading Co., Ltd. |
80,000 | 420,377 | ||||||
| Ryoshoku Ltd. |
7,900 | 185,241 | ||||||
| Sinanen Co., Ltd. |
87,000 | 360,327 | ||||||
| Yamazen Corp. |
121,300 | 515,369 | ||||||
| Total Distribution/Wholesale | 4,058,922 | |||||||
| Diversified Financial Services – 2.5% | ||||||||
| Century Tokyo Leasing Corp. |
37,455 | 519,095 | ||||||
| Fuyo General Lease Co., Ltd. |
21,200 | 600,107 | ||||||
| IBJ Leasing Co., Ltd. |
29,600 | 590,796 | ||||||
| Ichiyoshi Securities Co., Ltd. |
45,900 | 313,892 | ||||||
| NEC Capital Solutions Ltd. |
31,400 | 405,606 | ||||||
| Okasan Securities Group, Inc. |
14,000 | 66,973 | ||||||
| Takefuji Corp.(a) |
318,080 | 1,354,836 | ||||||
| Tokai Tokyo Financial Holdings |
5,000 | 20,869 | ||||||
| Total Diversified Financial Services | 3,872,174 | |||||||
| Electric – 0.3% | ||||||||
| Okinawa Electric Power Co., Inc. (The) |
7,700 | 402,140 | ||||||
| Electrical Components & Equipment – 0.4% | ||||||||
| Hitachi Cable Ltd.(a) |
227,000 | 677,793 | ||||||
| Electronics – 5.9% | ||||||||
| Eizo Nanao Corp. |
21,500 | 530,367 | ||||||
| Fujitsu General Ltd. |
10,000 | 45,484 | ||||||
| Horiba Ltd. |
23,300 | 670,773 | ||||||
| Idec Corp. |
36,300 | 325,939 | ||||||
| Kaga Electronics Co., Ltd.(a) |
38,700 | 417,069 | ||||||
| Nichicon Corp. |
38,300 | 471,782 | ||||||
| Nidec Copal Corp. |
37,000 | 527,836 | ||||||
| Osaki Electric Co., Ltd. |
2,000 | 17,680 | ||||||
| Ryosan Co., Ltd. |
29,900 | 761,900 | ||||||
| Sanshin Electronics Co., Ltd. |
51,700 | 437,104 | ||||||
| Investments | Shares | Value | ||||||
| Sato Corp. |
36,400 | $ | 519,276 | |||||
| Star Micronics Co., Ltd. |
75,400 | 829,529 | ||||||
| Taiyo Yuden Co., Ltd. |
27,000 | 426,787 | ||||||
| Toyo Corp. |
60,200 | 528,940 | ||||||
| Ulvac, Inc. |
800 | 20,779 | ||||||
| Yaskawa Electric Corp. |
138,000 | 1,262,735 | ||||||
| Yokogawa Electric Corp.* |
171,900 | 1,497,502 | ||||||
| Total Electronics | 9,291,482 | |||||||
| Engineering & Construction – 5.2% | ||||||||
| Japan Airport Terminal Co., Ltd. |
31,300 | 434,797 | ||||||
| Kyowa Exeo Corp. |
69,000 | 570,077 | ||||||
| Maeda Corp. |
145,000 | 431,400 | ||||||
| Maeda Road Construction Co., Ltd. |
61,000 | 497,453 | ||||||
| NEC Networks & System Integration Corp. |
36,900 | 489,288 | ||||||
| Nippo Corp. |
68,000 | 522,517 | ||||||
| Nishimatsu Construction Co., Ltd. |
218,000 | 284,632 | ||||||
| Okumura Corp.(a) |
153,000 | 535,435 | ||||||
| Sanki Engineering Co., Ltd. |
67,000 | 471,811 | ||||||
| Shinko Plantech Co., Ltd. |
60,200 | 533,450 | ||||||
| SHO-BOND Holdings Co., Ltd.(a) |
23,300 | 456,824 | ||||||
| Taikisha Ltd. |
39,200 | 632,217 | ||||||
| Takasago Thermal Engineering Co., Ltd.(a) |
73,000 | 578,906 | ||||||
| Toda Corp. |
154,000 | 555,415 | ||||||
| Toshiba Plant Systems & Services Corp. |
58,000 | 652,997 | ||||||
| Toyo Engineering Corp. |
140,000 | 537,885 | ||||||
| Total Engineering & Construction | 8,185,104 | |||||||
| Entertainment – 1.0% | ||||||||
| Avex Group Holdings, Inc.(a) |
62,000 | 536,130 | ||||||
| Mars Engineering Corp. |
15,200 | 310,539 | ||||||
| Toei Co., Ltd. |
67,000 | 342,744 | ||||||
| Tokyotokeiba Co., Ltd. |
245,000 | 348,727 | ||||||
| Total Entertainment | 1,538,140 | |||||||
| Food – 5.1% | ||||||||
| Ariake Japan Co., Ltd. |
30,600 | 446,687 | ||||||
| Ezaki Glico Co., Ltd. |
59,000 | 688,881 | ||||||
| Fuji Oil Co., Ltd. |
31,500 | 445,328 | ||||||
| J-Oil Mills, Inc. |
135,000 | 423,320 | ||||||
| Kato Sangyo Co., Ltd. |
21,900 | 359,062 | ||||||
| Maruha Nichiro Holdings, Inc.(a) |
299,000 | 425,589 | ||||||
| MEGMILK SNOW BRAND Co., Ltd. |
22,801 | 355,045 | ||||||
| Mitsui Sugar Co., Ltd. |
138,000 | 460,788 | ||||||
| Morinaga & Co., Ltd. |
213,000 | 474,144 | ||||||
| Morinaga Milk Industry Co., Ltd. |
142,000 | 559,247 | ||||||
| Nichirei Corp.(a) |
153,000 | 573,095 | ||||||
| Nippon Beet Sugar Manufacturing Co., Ltd. |
152,000 | 370,890 | ||||||
| Nippon Flour Mills Co., Ltd. |
79,000 | 393,985 | ||||||
| Nippon Suisan Kaisha Ltd.(a) |
256,600 | 744,206 | ||||||
| Nisshin Oillio Group Ltd. (The) |
93,000 | 450,867 | ||||||
| Yokohama Reito Co., Ltd. |
129,000 | 924,979 | ||||||
| Total Food | 8,096,113 | |||||||
See Notes to Financial Statements.
| 58 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| Forest Products & Paper – 0.8% | ||||||||
| Daio Paper Corp. |
63,000 | $ | 517,134 | |||||
| Hokuetsu Kishu Paper Co., Ltd.(a) |
148,000 | 739,683 | ||||||
| Total Forest Products & Paper | 1,256,817 | |||||||
| Gas – 0.4% | ||||||||
| Saibu Gas Co., Ltd. |
234,000 | 656,122 | ||||||
| Hand/Machine Tools – 2.1% | ||||||||
| Asahi Diamond Industrial Co., Ltd. |
78,000 | 716,224 | ||||||
| Disco Corp. |
300 | 18,461 | ||||||
| Hitachi Koki Co., Ltd.(a) |
139,100 | 1,499,077 | ||||||
| OSG Corp.(a) |
61,500 | 648,962 | ||||||
| Union Tool Co. |
14,800 | 414,191 | ||||||
| Total Hand/Machine Tools | 3,296,915 | |||||||
| Healthcare-Products – 1.2% | ||||||||
| Hogy Medical Co., Ltd. |
8,100 | 373,619 | ||||||
| Nihon Kohden Corp. |
39,400 | 725,257 | ||||||
| Nipro Corp. |
11,000 | 212,607 | ||||||
| Paramount Bed Co., Ltd. |
32,000 | 626,370 | ||||||
| Total Healthcare-Products | 1,937,853 | |||||||
| Home Builders – 1.0% | ||||||||
| Mitsui Home Co., Ltd. |
82,000 | 449,315 | ||||||
| PanaHome Corp. |
91,000 | 607,706 | ||||||
| Token Corp. |
16,040 | 458,678 | ||||||
| Total Home Builders | 1,515,699 | |||||||
| Home Furnishings – 1.7% | ||||||||
| Canon Electronics, Inc. |
36,700 | 811,846 | ||||||
| Nidec Sankyo Corp.(a) |
136,000 | 1,203,682 | ||||||
| Noritz Corp. |
46,000 | 709,396 | ||||||
| Total Home Furnishings | 2,724,924 | |||||||
| Household Products/Wares – 0.3% | ||||||||
| Kokuyo Co., Ltd. |
61,800 | 515,221 | ||||||
| Housewares – 0.7% | ||||||||
| Noritake Co., Ltd. |
94,000 | 272,624 | ||||||
| Sangetsu Co., Ltd. |
33,700 | 764,958 | ||||||
| Total Housewares | 1,037,582 | |||||||
| Iron/Steel – 1.5% | ||||||||
| Aichi Steel Corp. |
90,000 | 403,574 | ||||||
| Godo Steel Ltd. |
153,000 | 343,857 | ||||||
| Kyoei Steel Ltd. |
21,600 | 455,856 | ||||||
| Nippon Metal Industry Co., Ltd.(a) |
168,000 | 273,288 | ||||||
| Topy Industries Ltd. |
233,000 | 528,639 | ||||||
| Yodogawa Steel Works Ltd. |
94,000 | 421,511 | ||||||
| Total Iron/Steel | 2,426,725 | |||||||
| Leisure Time – 0.6% | ||||||||
| Mizuno Corp. |
81,000 | 358,016 | ||||||
| Round One Corp. |
45,600 | 300,128 | ||||||
| Tokyo Dome Corp. |
94,000 | 267,594 | ||||||
| Total Leisure Time | 925,738 | |||||||
| Lodging – 0.4% | ||||||||
| Resorttrust, Inc.(a) |
46,360 | 680,218 | ||||||
| Investments | Shares | Value | ||||||
| Machinery-Construction & Mining – 0.7% | ||||||||
| Aichi Corp. |
84,800 | $ | 367,551 | |||||
| Tadano Ltd.(a) |
136,000 | 736,473 | ||||||
| Total Machinery-Construction & Mining | 1,104,024 | |||||||
| Machinery-Diversified – 4.2% | ||||||||
| Chugai Ro Co., Ltd. |
157,000 | 462,061 | ||||||
| CKD Corp. |
99,500 | 832,716 | ||||||
| Daifuku Co., Ltd. |
111,000 | 874,315 | ||||||
| Hisaka Works Ltd. |
19,000 | 184,429 | ||||||
| Komori Corp. |
59,500 | 738,019 | ||||||
| Max Co., Ltd. |
18,000 | 192,444 | ||||||
| Miura Co., Ltd. |
23,900 | 622,822 | ||||||
| Nabtesco Corp. |
58,000 | 773,416 | ||||||
| Sintokogio Ltd. |
66,500 | 552,981 | ||||||
| Toshiba Machine Co., Ltd. |
155,000 | 660,210 | ||||||
| Toyo Kanetsu K.K. |
35,000 | 70,794 | ||||||
| Tsubakimoto Chain Co. |
146,000 | 701,563 | ||||||
| Total Machinery-Diversified | 6,665,770 | |||||||
| Metal Fabricate/Hardware – 2.2% | ||||||||
| Hanwa Co., Ltd. |
165,000 | 699,272 | ||||||
| JFE Shoji Holdings, Inc.(a) |
162,000 | 683,091 | ||||||
| Kitz Corp. |
142,000 | 828,232 | ||||||
| MISUMI Group, Inc. |
29,600 | 607,585 | ||||||
| Oiles Corp. |
30,952 | 503,169 | ||||||
| Onoken Co., Ltd. |
20,200 | 181,809 | ||||||
| Total Metal Fabricate/Hardware | 3,503,158 | |||||||
| Mining – 1.3% | ||||||||
| Chuo Denki Kogyo Co., Ltd. |
70,000 | 556,614 | ||||||
| DOWA Holdings Co., Ltd.(a) |
161,000 | 970,066 | ||||||
| Nippon Denko Co., Ltd. |
74,000 | 551,991 | ||||||
| Total Mining | 2,078,671 | |||||||
| Miscellaneous Manufacturing – 1.8% | ||||||||
| Amano Corp. |
76,500 | 696,720 | ||||||
| KUREHA Corp. |
86,000 | 416,930 | ||||||
| Shin-Etsu Polymer Co., Ltd. |
62,300 | 474,051 | ||||||
| Tamron Co., Ltd. |
37,600 | 630,959 | ||||||
| Tokai Rubber Industries, Inc. |
43,700 | 597,695 | ||||||
| Total Miscellaneous Manufacturing | 2,816,355 | |||||||
| Office Furnishings – 0.3% | ||||||||
| Itoki Corp. |
14,800 | 38,014 | ||||||
| Okamura Corp. |
80,000 | 511,130 | ||||||
| Total Office Furnishings | 549,144 | |||||||
| Office/Business Equipment – 0.3% | ||||||||
| Canon Finetech, Inc. |
25,700 | 449,420 | ||||||
| Oil & Gas – 0.2% | ||||||||
| AOC Holdings, Inc. |
52,200 | 322,898 | ||||||
| Pharmaceuticals – 3.0% | ||||||||
| Kaken Pharmaceutical Co., Ltd. |
76,000 | 627,097 | ||||||
| Kyorin Co., Ltd. |
15,000 | 217,038 | ||||||
| Miraca Holdings, Inc. |
29,600 | 902,825 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 59 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| Mochida Pharmaceutical Co., Ltd. |
68,000 | $ | 647,688 | |||||
| Nippon Shinyaku Co., Ltd. |
58,000 | 657,342 | ||||||
| Seikagaku Corp. |
29,400 | 307,404 | ||||||
| SSP Co., Ltd.(a) |
74,000 | 560,702 | ||||||
| Toho Holdings Co., Ltd. |
44,300 | 580,300 | ||||||
| ZERIA Pharmaceutical Co., Ltd. |
17,000 | 181,207 | ||||||
| Total Pharmaceuticals | 4,681,603 | |||||||
| Real Estate – 1.3% | ||||||||
| Goldcrest Co., Ltd. |
26,930 | 712,734 | ||||||
| Heiwa Real Estate Co., Ltd. |
172,500 | 518,756 | ||||||
| Sumitomo Real Estate Sales Co., Ltd.(a) |
17,620 | 765,595 | ||||||
| Total Real Estate | 1,997,085 | |||||||
| Retail – 9.5% | ||||||||
| Alpen Co., Ltd. |
22,400 | 358,151 | ||||||
| AOKI Holdings, Inc. |
29,400 | 393,930 | ||||||
| Arcs Co., Ltd. |
30,910 | 417,140 | ||||||
| ASKUL Corp.(a) |
22,300 | 423,853 | ||||||
| Chiyoda Co., Ltd. |
37,200 | 459,426 | ||||||
| Circle K Sunkus Co., Ltd. |
39,400 | 488,705 | ||||||
| DCM Japan Holdings Co., Ltd. |
94,100 | 539,786 | ||||||
| Don Quijote Co., Ltd. |
18,300 | 457,108 | ||||||
| Doutor Nichires Holdings Co., Ltd. |
36,400 | 482,658 | ||||||
| EDION Corp. |
76,700 | 790,476 | ||||||
| H2O Retailing Corp.(a) |
92,000 | 629,152 | ||||||
| Heiwado Co., Ltd. |
30,800 | 395,548 | ||||||
| Izumiya Co., Ltd. |
74,000 | 324,700 | ||||||
| Kojima Co., Ltd. |
2,000 | 17,915 | ||||||
| Komeri Co., Ltd. |
21,000 | 547,250 | ||||||
| K’s Holdings Corp. |
21,120 | 518,733 | ||||||
| Matsumotokiyoshi Holdings Co., Ltd. |
15,600 | 353,104 | ||||||
| Ministop Co., Ltd. |
23,100 | 268,478 | ||||||
| Nishimatsuya Chain Co., Ltd. |
43,900 | 456,665 | ||||||
| Parco Co., Ltd. |
50,700 | 427,564 | ||||||
| Plenus Co., Ltd. |
37,000 | 497,742 | ||||||
| Point, Inc. |
12,870 | 771,319 | ||||||
| Ryohin Keikaku Co., Ltd. |
14,800 | 624,850 | ||||||
| Saizeriya Co., Ltd. |
29,900 | 539,826 | ||||||
| Seiko Holdings Corp.* |
37,000 | 97,410 | ||||||
| Shimachu Co., Ltd. |
21,700 | 463,076 | ||||||
| Sundrug Co., Ltd. |
15,700 | 373,009 | ||||||
| Tsuruha Holdings, Inc. |
14,000 | 501,926 | ||||||
| United Arrows Ltd. |
61,800 | 677,260 | ||||||
| Valor Co., Ltd. |
37,600 | 307,029 | ||||||
| WATAMI Co., Ltd.(a) |
14,820 | 271,214 | ||||||
| Xebio Co., Ltd. |
16,600 | 335,056 | ||||||
| Zensho Co., Ltd.(a) |
96,100 | 718,899 | ||||||
| Total Retail | 14,928,958 | |||||||
| Semiconductors – 0.4% | ||||||||
| Sanken Electric Co., Ltd.* |
168,000 | 641,866 | ||||||
| Investments | Shares | Value | ||||||
| Software – 2.0% | ||||||||
| Capcom Co., Ltd.(a) |
31,400 | $ | 593,455 | |||||
| FUJI SOFT, Inc. |
21,600 | 361,310 | ||||||
| IT Holdings Corp. |
30,400 | 370,240 | ||||||
| Nihon Unisys Ltd. |
51,200 | 343,562 | ||||||
| NSD Co., Ltd. |
46,200 | 555,250 | ||||||
| Sumisho Computer Systems Corp. |
30,000 | 435,359 | ||||||
| Zenrin Co., Ltd. |
40,800 | 489,041 | ||||||
| Total Software | 3,148,217 | |||||||
| Storage/Warehousing – 0.5% | ||||||||
| Mitsui-Soko Co., Ltd. |
92,000 | 344,606 | ||||||
| Sumitomo Warehouse Co., Ltd. (The) |
95,000 | 421,929 | ||||||
| Total Storage/Warehousing | 766,535 | |||||||
| Telecommunications – 0.9% | ||||||||
| Hikari Tsushin, Inc.(a) |
36,900 | 599,467 | ||||||
| Hitachi Kokusai Electric, Inc. |
84,000 | 839,640 | ||||||
| Total Telecommunications | 1,439,107 | |||||||
| Textiles – 1.2% | ||||||||
| Kurabo Industries Ltd. |
230,000 | 391,374 | ||||||
| Nitto Boseki Co., Ltd.* |
220,000 | 468,536 | ||||||
| Seiren Co., Ltd. |
62,500 | 387,949 | ||||||
| Toyobo Co., Ltd. |
432,000 | 688,870 | ||||||
| Total Textiles | 1,936,729 | |||||||
| Toys/Games/Hobbies – 0.2% | ||||||||
| Tomy Co., Ltd. |
49,400 | 384,880 | ||||||
| Transportation – 2.4% | ||||||||
| Fukuyama Transporting Co., Ltd.(a) |
134,000 | 669,713 | ||||||
| Iino Kaiun Kaisha Ltd. |
68,500 | 456,716 | ||||||
| Kintetsu World Express, Inc. |
14,500 | 374,449 | ||||||
| Nippon Konpo Unyu Soko Co., Ltd. |
58,000 | 656,721 | ||||||
| Sankyu, Inc. |
162,000 | 799,251 | ||||||
| Seino Holdings Corp. |
73,000 | 520,312 | ||||||
| Senko Co., Ltd. |
88,000 | 323,031 | ||||||
| Total Transportation | 3,800,193 | |||||||
| TOTAL COMMON STOCKS (Cost: $159,995,607) |
155,693,205 | |||||||
| SHORT-TERM INVESTMENT – 0.4% | ||||||||
| MONEY MARKET FUND – 0.4% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $616,854) | 616,854 | 616,854 | ||||||
See Notes to Financial Statements.
| 60 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 10.5% | ||||||||
| MONEY MARKET FUND – 10.5% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $16,486,133)(d) | 16,486,133 | $ | 16,486,133 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 109.5% (Cost: $177,098,594) |
172,796,192 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (9.5)% |
(14,946,281 | ) | ||||||
| NET ASSETS – 100.0% | $ | 157,849,911 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $15,671,174 and the total market value of the collateral held by the Fund was $16,486,133. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 61 |
Table of Contents
Schedule of Investments
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.8% | ||||||||
| Australia – 55.2% | ||||||||
| AGL Energy Ltd. |
35,383 | $ | 488,118 | |||||
| Amcor Ltd. |
89,093 | 522,536 | ||||||
| AMP Ltd. |
172,215 | 989,503 | ||||||
| APN News & Media Ltd. |
73,447 | 155,725 | ||||||
| Aristocrat Leisure Ltd.(a) |
79,881 | 332,134 | ||||||
| Australia & New Zealand Banking Group Ltd. |
168,062 | 3,911,923 | ||||||
| AXA Asia Pacific Holdings Ltd. |
100,625 | 583,707 | ||||||
| Bank of Queensland Ltd. |
5,169 | 55,936 | ||||||
| Bendigo and Adelaide Bank Ltd.(a) |
47,510 | 436,070 | ||||||
| BHP Billiton Ltd. |
109,050 | 4,362,989 | ||||||
| BlueScope Steel Ltd.* |
155,200 | 414,530 | ||||||
| Boral Ltd. |
60,367 | 310,838 | ||||||
| Brambles Ltd. |
118,634 | 801,417 | ||||||
| Coca-Cola Amatil Ltd. |
45,019 | 464,858 | ||||||
| Commonwealth Bank of Australia |
104,217 | 5,384,451 | ||||||
| Computershare Ltd. |
34,441 | 395,778 | ||||||
| Crown Ltd. |
65,785 | 493,915 | ||||||
| CSL Ltd. |
12,819 | 428,632 | ||||||
| CSR Ltd. |
200,104 | 303,966 | ||||||
| David Jones Ltd. |
49,335 | 215,090 | ||||||
| Downer EDI Ltd. |
44,524 | 308,950 | ||||||
| Fairfax Media Ltd.(a) |
323,714 | 534,817 | ||||||
| Foster’s Group Ltd. |
116,851 | 567,361 | ||||||
| Goodman Fielder Ltd. |
224,903 | 295,191 | ||||||
| Harvey Norman Holdings Ltd. |
74,290 | 246,837 | ||||||
| Incitec Pivot Ltd. |
171,745 | 546,997 | ||||||
| Insurance Australia Group Ltd. |
85,600 | 304,844 | ||||||
| Leighton Holdings Ltd.(a) |
24,745 | 885,775 | ||||||
| Lend Lease Group(b) |
59,988 | 476,819 | ||||||
| Macquarie Group Ltd. |
18,506 | 802,576 | ||||||
| Metcash Ltd. |
87,019 | 330,663 | ||||||
| National Australia Bank Ltd. |
154,217 | 3,895,402 | ||||||
| OneSteel Ltd. |
116,566 | 417,261 | ||||||
| Orica Ltd. |
20,859 | 512,906 | ||||||
| Origin Energy Ltd. |
38,108 | 578,876 | ||||||
| QBE Insurance Group Ltd. |
67,433 | 1,289,239 | ||||||
| Rio Tinto Ltd. |
16,234 | 1,168,189 | ||||||
| Santos Ltd. |
26,642 | 358,486 | ||||||
| Sims Metal Management Ltd. |
12,556 | 249,621 | ||||||
| Sonic Healthcare Ltd. |
38,875 | 512,742 | ||||||
| Suncorp-Metway Ltd. |
134,987 | 1,058,087 | ||||||
| TABCORP Holdings Ltd. |
50,994 | 322,953 | ||||||
| Telstra Corp., Ltd. |
1,062,306 | 2,915,361 | ||||||
| Toll Holdings Ltd. |
49,849 | 339,494 | ||||||
| Wesfarmers Ltd. |
76,527 | 2,232,939 | ||||||
| Westpac Banking Corp. |
164,205 | 4,195,920 | ||||||
| Woodside Petroleum Ltd. |
27,268 | 1,173,810 | ||||||
| Woolworths Ltd. |
46,180 | 1,186,816 | ||||||
| WorleyParsons Ltd. |
14,510 | 338,943 | ||||||
| Total Australia | 49,099,991 | |||||||
| Investments | Shares | Value | ||||||
| Hong Kong – 27.4% | ||||||||
| Cheung Kong Holdings Ltd. |
82,015 | $ | 1,056,255 | |||||
| China Merchants Holdings International Co., Ltd. |
152,539 | 561,852 | ||||||
| China Mobile Ltd. |
727,113 | 6,995,163 | ||||||
| China Overseas Land & Investment Ltd. |
145,707 | 329,144 | ||||||
| China Resources Enterprise |
152,009 | 564,795 | ||||||
| China Unicom (Hong Kong) Ltd. |
602,477 | 678,152 | ||||||
| CLP Holdings Ltd. |
124,031 | 886,540 | ||||||
| CNOOC Ltd. |
2,138,240 | 3,519,351 | ||||||
| Hang Lung Group Ltd. |
51,000 | 270,609 | ||||||
| Hang Lung Properties Ltd. |
139,000 | 560,318 | ||||||
| Hang Seng Bank Ltd. |
120,327 | 1,676,740 | ||||||
| Henderson Land Development Co., Ltd. |
60,000 | 422,682 | ||||||
| Hong Kong & China Gas Co., Ltd. |
193,539 | 482,558 | ||||||
| Hong Kong Exchanges and Clearing Ltd. |
47,604 | 794,555 | ||||||
| Hongkong Electric Holdings Ltd. |
113,025 | 670,316 | ||||||
| Hutchison Whampoa Ltd. |
171,000 | 1,250,892 | ||||||
| MTR Corp. |
89,530 | 338,993 | ||||||
| New World Development Ltd. |
166,022 | 325,001 | ||||||
| Shanghai Industrial Holdings Ltd. |
64,006 | 293,458 | ||||||
| Sino Land Co., Ltd. |
260,022 | 509,683 | ||||||
| Sinotrans Shipping Ltd. |
598,000 | 285,726 | ||||||
| Sun Hung Kai Properties Ltd. |
69,000 | 1,037,928 | ||||||
| Television Broadcasts Ltd. |
57,002 | 276,028 | ||||||
| Wharf Holdings Ltd. |
110,017 | 619,888 | ||||||
| Total Hong Kong | 24,406,627 | |||||||
| New Zealand – 1.5% | ||||||||
| Contact Energy Ltd.* |
94,029 | 426,997 | ||||||
| Fletcher Building Ltd. |
72,663 | 430,510 | ||||||
| Telecom Corp. of New Zealand Ltd. |
330,461 | 508,818 | ||||||
| Total New Zealand | 1,366,325 | |||||||
| Singapore – 14.7% | ||||||||
| CapitaLand Ltd. |
159,000 | 451,507 | ||||||
| Cosco Corp. (Singapore) Ltd.(a) |
392,000 | 347,684 | ||||||
| DBS Group Holdings Ltd. |
116,000 | 1,186,510 | ||||||
| Fraser and Neave Ltd. |
98,070 | 336,709 | ||||||
| Jardine Cycle & Carriage Ltd. |
24,250 | 509,613 | ||||||
| Keppel Corp., Ltd. |
112,000 | 730,618 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
158,000 | 984,357 | ||||||
| Pacific Century Regional Developments Ltd.(a) |
1,486,000 | 207,267 | ||||||
| SembCorp Industries Ltd. |
136,000 | 401,760 | ||||||
| SembCorp Marine Ltd. |
168,800 | 505,899 | ||||||
| SIA Engineering Co., Ltd. |
196,000 | 497,693 | ||||||
| Singapore Airlines Ltd. |
115,400 | 1,254,662 | ||||||
| Singapore Airport Terminal Services Ltd. |
295,172 | 559,498 | ||||||
| Singapore Exchange Ltd.(a) |
109,000 | 596,438 | ||||||
| Singapore Press Holdings Ltd. |
129,000 | 352,477 | ||||||
| Singapore Technologies Engineering Ltd. |
199,000 | 454,068 | ||||||
| Singapore Telecommunications Ltd. |
719,450 | 1,631,312 | ||||||
| StarHub Ltd. |
252,080 | 412,906 | ||||||
| United Overseas Bank Ltd. |
77,000 | 1,058,574 | ||||||
| Wilmar International Ltd. |
133,000 | 637,388 | ||||||
| Total Singapore | 13,116,940 | |||||||
See Notes to Financial Statements.
| 62 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
March 31, 2010
| Investments | Shares | Value | ||||||
| TOTAL COMMON STOCKS (Cost: $85,571,748) |
$ | 87,989,883 | ||||||
| SHORT-TERM INVESTMENT – 1.3% | ||||||||
| MONEY MARKET FUND – 1.3% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(c) |
||||||||
| (Cost: $1,136,149) | 1,136,149 | 1,136,149 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.0% | ||||||||
| MONEY MARKET FUND – 3.0% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund,
0.11%(d) |
||||||||
| (Cost: $2,705,022)(e) | 2,705,022 | 2,705,022 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 103.1% (Cost: $89,412,919) |
91,831,054 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (3.1)% |
(2,797,756 | ) | ||||||
| NET ASSETS – 100.0% | $ | 89,033,298 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (d) | Interest rate shown reflects yield as of March 31, 2010. |
| (e) | At March 31, 2010, the total market value of the Fund’s securities on loan was $2,557,537 and the total market value of the collateral held by the Fund was $2,705,022. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 63 |
Table of Contents
Schedule of Investments
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.7% | ||||||||
| Australia – 81.1% | ||||||||
| Adelaide Brighton Ltd. |
247,502 | $ | 586,098 | |||||
| Amcor Ltd. |
271,322 | 1,591,320 | ||||||
| AMP Ltd. |
633,074 | 3,637,478 | ||||||
| APN News & Media Ltd.(a) |
488,199 | 1,035,096 | ||||||
| Aristocrat Leisure Ltd.(a) |
250,824 | 1,042,891 | ||||||
| Austereo Group Ltd. |
154,562 | 242,589 | ||||||
| Australia & New Zealand Banking Group Ltd. |
468,720 | 10,910,240 | ||||||
| Bank of Queensland Ltd. |
79,545 | 860,792 | ||||||
| Bendigo and Adelaide Bank Ltd. |
162,968 | 1,495,801 | ||||||
| Billabong International Ltd.(a) |
88,027 | 912,990 | ||||||
| Boral Ltd. |
194,363 | 1,000,802 | ||||||
| Bradken Ltd. |
13,128 | 92,299 | ||||||
| Centennial Coal Co., Ltd. |
224,779 | 878,895 | ||||||
| Challenger Financial Services Group Ltd. |
294,478 | 1,135,203 | ||||||
| Challenger Infrastructure Fund Class A(b) |
359,004 | 504,153 | ||||||
| Commonwealth Bank of Australia |
234,441 | 12,112,572 | ||||||
| ConnectEast Group(b) |
2,472,551 | 1,021,244 | ||||||
| Consolidated Media Holdings Ltd.(a) |
329,802 | 953,532 | ||||||
| Corporate Express Australia Ltd.(a) |
121,306 | 622,394 | ||||||
| Crane Group Ltd. |
52,234 | 429,569 | ||||||
| Cromwell Group |
906,103 | 607,116 | ||||||
| Crown Ltd. |
214,295 | 1,608,929 | ||||||
| CSR Ltd. |
580,398 | 881,649 | ||||||
| David Jones Ltd.(a) |
214,878 | 936,822 | ||||||
| Envestra Ltd.(b) |
1,472,241 | 689,161 | ||||||
| Fairfax Media Ltd.(a) |
803,944 | 1,328,220 | ||||||
| FKP Property Group |
935,796 | 614,128 | ||||||
| Flight Centre Ltd.(a) |
61,811 | 1,190,263 | ||||||
| Goodman Fielder Ltd. |
709,319 | 930,999 | ||||||
| GUD Holdings Ltd. |
13,000 | 110,491 | ||||||
| GWA International Ltd.(a) |
251,875 | 767,529 | ||||||
| Hills Industries Ltd. |
1,186 | 2,874 | ||||||
| Incitec Pivot Ltd. |
544,205 | 1,733,259 | ||||||
| Leighton Holdings Ltd.(a) |
80,239 | 2,872,246 | ||||||
| Lend Lease Group(b) |
205,884 | 1,636,485 | ||||||
| Monadelphous Group Ltd. |
51,527 | 723,599 | ||||||
| National Australia Bank Ltd. |
380,441 | 9,609,644 | ||||||
| Peet Ltd. |
88,934 | 187,744 | ||||||
| Perpetual Ltd.(a) |
25,502 | 825,799 | ||||||
| QBE Insurance Group Ltd. |
248,857 | 4,757,849 | ||||||
| Sigma Pharmaceuticals Ltd. |
545,376 | 232,767 | ||||||
| Suncorp-Metway Ltd. |
472,864 | 3,706,514 | ||||||
| Telstra Corp., Ltd. |
2,573,445 | 7,062,487 | ||||||
| UGL Ltd.(a) |
70,316 | 971,320 | ||||||
| Wesfarmers Ltd. |
305,667 | 8,918,887 | ||||||
| West Australian Newspapers Holdings Ltd.(a) |
163,925 | 1,193,136 | ||||||
| Total Australia | 95,165,875 | |||||||
| New Zealand – 4.4% | ||||||||
| Air New Zealand Ltd. |
719,943 | 648,761 | ||||||
| Fletcher Building Ltd. |
206,076 | 1,220,947 | ||||||
| Sky City Entertainment Group Ltd. |
276,170 | 630,980 | ||||||
| Investments | Shares | Value | ||||||
| Telecom Corp. of New Zealand Ltd. |
867,288 | $ | 1,335,384 | |||||
| Vector Ltd. |
489,711 | 736,646 | ||||||
| Warehouse Group Ltd. (The) |
247,458 | 658,439 | ||||||
| Total New Zealand | 5,231,157 | |||||||
| Singapore – 13.2% | ||||||||
| First Ship Lease Trust |
1,347,000 | 592,543 | ||||||
| Jaya Holdings Ltd.(a) |
1,630,000 | 781,159 | ||||||
| K1 Ventures Ltd. |
5,818,000 | 707,457 | ||||||
| MobileOne Ltd. |
623,000 | 926,891 | ||||||
| SIA Engineering Co., Ltd. |
518,700 | 1,317,110 | ||||||
| Singapore Airlines Ltd. |
355,000 | 3,859,662 | ||||||
| Singapore Airport Terminal Services Ltd. |
762,330 | 1,444,994 | ||||||
| Singapore Post Ltd. |
987,000 | 741,282 | ||||||
| Singapore Technologies Engineering Ltd. |
893,000 | 2,037,602 | ||||||
| StarHub Ltd. |
737,000 | 1,207,203 | ||||||
| Straits Asia Resources Ltd.(a) |
549,000 | 848,210 | ||||||
| Venture Corp., Ltd. |
157,000 | 979,250 | ||||||
| Total Singapore | 15,443,363 | |||||||
| TOTAL COMMON STOCKS (Cost: $109,884,005) |
115,840,395 | |||||||
| SHORT-TERM INVESTMENT – 1.4% | ||||||||
| MONEY MARKET FUND – 1.4% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(c) |
||||||||
| (Cost: $1,668,925) | 1,668,925 | 1,668,925 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.7% | ||||||||
| MONEY MARKET FUND – 12.7% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(d) |
||||||||
| (Cost: $14,887,120)(e) | 14,887,120 | 14,887,120 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 112.8% (Cost: $126,440,050) |
132,396,440 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (12.8)% |
(15,057,834 | ) | ||||||
| NET ASSETS – 100.0% | $ | 117,338,606 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (d) | Interest rate shown reflects yield as of March 31, 2010. |
| (e) | At March 31, 2010, the total market value of the Fund’s securities on loan was $14,111,153 and the total market value of the collateral held by the Fund was $14,887,120. |
See Notes to Financial Statements.
| 64 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.1% | ||||||||
| Australia – 8.3% | ||||||||
| Australia & New Zealand Banking Group Ltd. |
65,311 | $ | 1,520,223 | |||||
| BHP Billiton Ltd. |
52,205 | 2,088,673 | ||||||
| Commonwealth Bank of Australia |
36,871 | 1,904,968 | ||||||
| National Australia Bank Ltd. |
54,326 | 1,372,233 | ||||||
| QBE Insurance Group Ltd. |
41,472 | 792,895 | ||||||
| Telstra Corp., Ltd. |
379,911 | 1,042,617 | ||||||
| Wesfarmers Ltd. |
33,345 | 972,955 | ||||||
| Westpac Banking Corp. |
53,178 | 1,358,854 | ||||||
| Woodside Petroleum Ltd. |
15,721 | 676,744 | ||||||
| Woolworths Ltd. |
26,273 | 675,211 | ||||||
| Total Australia | 12,405,373 | |||||||
| Austria – 0.4% | ||||||||
| Bank Austria Creditanstalt AG*(a) |
1,715 | — | ||||||
| Verbund-Oesterreichische Elektrizitaetswirtschafts AG Class A(b) |
13,874 | 551,736 | ||||||
| Total Austria | 551,736 | |||||||
| Belgium – 0.6% | ||||||||
| Belgacom S.A. |
21,266 | 832,173 | ||||||
| Denmark – 0.5% | ||||||||
| Novo Nordisk A/S Class B |
8,688 | 675,377 | ||||||
| Finland – 1.4% | ||||||||
| Fortum Oyj(b) |
33,327 | 816,666 | ||||||
| Nokia Oyj |
79,529 | 1,240,751 | ||||||
| Total Finland | 2,057,417 | |||||||
| France – 14.5% | ||||||||
| Accor S.A. |
7,867 | 436,012 | ||||||
| Air Liquide S.A. |
6,262 | 753,090 | ||||||
| AXA S.A. |
37,039 | 825,434 | ||||||
| BNP Paribas |
8,589 | 660,814 | ||||||
| Bouygues S.A. |
11,993 | 603,996 | ||||||
| Carrefour S.A. |
16,470 | 795,260 | ||||||
| Christian Dior S.A. |
215 | 22,977 | ||||||
| Compagnie de Saint-Gobain |
14,725 | 709,308 | ||||||
| Credit Agricole S.A. |
44,219 | 775,432 | ||||||
| Danone |
10,765 | 649,649 | ||||||
| Electricite de France |
25,283 | 1,382,101 | ||||||
| France Telecom S.A. |
75,448 | 1,808,500 | ||||||
| GDF Suez |
42,406 | 1,641,055 | ||||||
| Lafarge S.A. |
7,532 | 530,979 | ||||||
| L’Oreal S.A. |
6,351 | 669,093 | ||||||
| LVMH Moet Hennessy Louis Vuitton S.A. |
7,633 | 893,803 | ||||||
| PPR |
406 | 54,150 | ||||||
| Sanofi-Aventis S.A. |
23,193 | 1,731,996 | ||||||
| Schneider Electric S.A. |
6,880 | 808,422 | ||||||
| Societe Generale |
8,193 | 516,217 | ||||||
| Sodexo |
1,293 | 77,418 | ||||||
| TOTAL S.A. |
51,181 | 2,976,493 | ||||||
| Veolia Environnement |
15,846 | 550,610 | ||||||
| Vinci S.A. |
11,701 | 690,856 | ||||||
| Investments | Shares | Value | ||||||
| Vivendi S.A. |
43,908 | $ | 1,177,247 | |||||
| Total France | 21,740,912 | |||||||
| Germany – 9.6% | ||||||||
| Allianz SE |
11,823 | 1,485,066 | ||||||
| BASF SE |
29,910 | 1,858,438 | ||||||
| Bayer AG |
11,591 | 785,443 | ||||||
| Deutsche Post AG |
42,654 | 741,350 | ||||||
| Deutsche Telekom AG |
157,824 | 2,142,990 | ||||||
| E.ON AG |
47,275 | 1,748,559 | ||||||
| Muenchener Rueckversicherungs AG |
6,804 | 1,106,160 | ||||||
| RWE AG |
18,027 | 1,600,136 | ||||||
| SAP AG |
14,649 | 710,801 | ||||||
| Siemens AG |
12,617 | 1,265,893 | ||||||
| ThyssenKrupp AG |
23,744 | 817,818 | ||||||
| Volkswagen AG |
1,492 | 144,346 | ||||||
| Total Germany | 14,407,000 | |||||||
| Hong Kong – 5.4% | ||||||||
| Cheung Kong (Holdings) Ltd. |
6,000 | 77,273 | ||||||
| China Mobile Ltd. |
265,919 | 2,558,263 | ||||||
| CLP Holdings Ltd. |
62,110 | 443,946 | ||||||
| CNOOC Ltd. |
1,102,529 | 1,814,664 | ||||||
| Hang Lung Properties Ltd. |
28,000 | 112,870 | ||||||
| Hang Seng Bank Ltd. |
65,495 | 912,663 | ||||||
| Hutchison Whampoa Ltd. |
125,000 | 914,395 | ||||||
| Sino Land Co., Ltd. |
26,000 | 50,964 | ||||||
| Sun Hung Kai Properties Ltd. |
70,442 | 1,059,619 | ||||||
| Wharf Holdings Ltd. |
19,000 | 107,055 | ||||||
| Total Hong Kong | 8,051,712 | |||||||
| Italy – 4.7% | ||||||||
| Atlantia SpA |
20,559 | 480,701 | ||||||
| Enel SpA |
335,798 | 1,881,084 | ||||||
| ENI SpA |
119,701 | 2,813,373 | ||||||
| Mediobanca SpA* |
64,100 | 689,966 | ||||||
| Snam Rete Gas SpA |
145,191 | 737,208 | ||||||
| Telecom Italia SpA |
317,422 | 457,851 | ||||||
| Total Italy | 7,060,183 | |||||||
| Japan – 10.0% | ||||||||
| Astellas Pharma, Inc. |
19,900 | 720,906 | ||||||
| Canon, Inc. |
32,500 | 1,506,047 | ||||||
| Honda Motor Co., Ltd. |
33,000 | 1,165,454 | ||||||
| JFE Holdings, Inc. |
21,200 | 854,217 | ||||||
| Kansai Electric Power Co., Inc. (The) |
28,300 | 648,744 | ||||||
| Mitsubishi Corp. |
43,800 | 1,148,437 | ||||||
| Mitsubishi UFJ Financial Group, Inc. |
168,300 | 882,566 | ||||||
| Mitsui & Co., Ltd. |
61,200 | 1,028,951 | ||||||
| Mizuho Financial Group, Inc.(b) |
331,598 | 656,524 | ||||||
| Nippon Telegraph & Telephone Corp. |
24,194 | 1,020,166 | ||||||
| NTT DoCoMo, Inc.(b) |
807 | 1,229,846 | ||||||
| Panasonic Corp. |
58,200 | 890,689 | ||||||
| Takeda Pharmaceutical Co., Ltd.(b) |
25,900 | 1,140,609 | ||||||
| Tokyo Electric Power Co., Inc. (The) |
30,100 | 802,753 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 65 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International LargeCap Dividend Fund (DOL)
March 31, 2010
| Investments | Shares | Value | ||||||
| Toyota Motor Corp. |
30,400 | $ | 1,218,408 | |||||
| Total Japan | 14,914,317 | |||||||
| Netherlands – 2.4% | ||||||||
| Koninklijke KPN N.V. |
59,274 | 940,788 | ||||||
| Koninklijke Philips Electronics N.V.(b) |
38,705 | 1,243,305 | ||||||
| Unilever N.V. CVA |
47,579 | 1,441,770 | ||||||
| Total Netherlands | 3,625,863 | |||||||
| Norway – 1.3% | ||||||||
| Statoil ASA |
87,180 | 2,020,986 | ||||||
| Portugal – 0.5% | ||||||||
| Portugal Telecom, SGPS, S.A. |
65,718 | 736,105 | ||||||
| Singapore – 1.6% | ||||||||
| CapitaLand Ltd. |
24,000 | 68,152 | ||||||
| DBS Group Holdings Ltd. |
57,000 | 583,027 | ||||||
| Singapore Airlines Ltd. |
87,000 | 945,889 | ||||||
| Singapore Telecommunications Ltd. |
332,500 | 753,925 | ||||||
| Total Singapore | 2,350,993 | |||||||
| Spain – 8.1% | ||||||||
| ACS Actividades de Construccion y Servicios, S.A. |
13,608 | 628,987 | ||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
99,452 | 1,363,178 | ||||||
| Banco Popular Espanol S.A.(b) |
57,045 | 420,672 | ||||||
| Banco Santander S.A. |
246,367 | 3,280,253 | ||||||
| Criteria Caixacorp S.A. |
172,406 | 855,914 | ||||||
| Iberdrola S.A. |
110,512 | 938,324 | ||||||
| Inditex S.A. |
14,757 | 974,523 | ||||||
| Repsol YPF S.A. |
44,503 | 1,055,604 | ||||||
| Telefonica S.A. |
110,934 | 2,632,837 | ||||||
| Total Spain | 12,150,292 | |||||||
| Sweden – 2.1% | ||||||||
| Hennes & Mauritz AB Class B |
19,060 | 1,242,329 | ||||||
| Nordea Bank AB(b) |
57,940 | 573,604 | ||||||
| Sandvik AB |
54,471 | 683,063 | ||||||
| TeliaSonera AB*(b) |
99,293 | 707,068 | ||||||
| Total Sweden | 3,206,064 | |||||||
| Switzerland – 6.7% | ||||||||
| Holcim Ltd.* |
10,146 | 757,661 | ||||||
| Nestle S.A. |
58,775 | 3,015,391 | ||||||
| Novartis AG |
44,637 | 2,415,161 | ||||||
| Roche Holding AG |
9,712 | 1,577,837 | ||||||
| SGS S.A. |
480 | 663,075 | ||||||
| Swisscom AG |
1,267 | 463,200 | ||||||
| Zurich Financial Services AG |
4,628 | 1,188,493 | ||||||
| Total Switzerland | 10,080,818 | |||||||
| United Kingdom – 21.0% | ||||||||
| AstraZeneca PLC |
29,233 | 1,303,257 | ||||||
| Aviva PLC |
111,513 | 651,751 | ||||||
| BAE Systems PLC |
82,525 | 464,802 | ||||||
| BHP Billiton PLC |
44,221 | 1,515,982 | ||||||
| BP PLC |
517,202 | 4,890,847 | ||||||
| British American Tobacco PLC |
44,511 | 1,533,689 | ||||||
| Investments | Shares | Value | ||||||
| British Sky Broadcasting Group PLC |
53,541 | $ | 488,923 | |||||
| BT Group PLC |
476,286 | 895,151 | ||||||
| Centrica PLC |
120,137 | 535,591 | ||||||
| Diageo PLC |
54,895 | 920,969 | ||||||
| GlaxoSmithKline PLC |
98,369 | 1,888,328 | ||||||
| HSBC Holdings PLC |
311,596 | 3,157,370 | ||||||
| Imperial Tobacco Group PLC |
22,958 | 699,983 | ||||||
| National Grid PLC |
62,918 | 612,250 | ||||||
| Reckitt Benckiser Group PLC |
9,805 | 537,964 | ||||||
| Rio Tinto PLC |
22,549 | 1,335,689 | ||||||
| Royal Dutch Shell PLC Class A |
69,857 | 2,023,953 | ||||||
| Royal Dutch Shell PLC Class B |
70,210 | 1,933,536 | ||||||
| Scottish & Southern Energy PLC |
20,790 | 347,215 | ||||||
| Standard Chartered PLC |
36,802 | 1,003,454 | ||||||
| Tesco PLC |
157,189 | 1,038,287 | ||||||
| Unilever PLC |
31,001 | 909,942 | ||||||
| Vodafone Group PLC |
1,173,099 | 2,704,801 | ||||||
| Total United Kingdom | 31,393,734 | |||||||
| TOTAL COMMON STOCKS (Cost: $156,718,874) |
148,261,055 | |||||||
| RIGHTS – 0.0% | ||||||||
| Germany – 0.0% | ||||||||
| Volkswagen AG, expiring 4/13/10* (Cost: $0) |
1,492 | 929 | ||||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $156,718,874) |
148,261,984 | |||||||
| SHORT-TERM INVESTMENT – 0.9% | ||||||||
| MONEY MARKET FUND – 0.9% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(c) |
||||||||
| (Cost: $1,281,520) | 1,281,520 | 1,281,520 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.1% | ||||||||
| MONEY MARKET FUND – 4.1% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(d) |
||||||||
| (Cost: $6,188,050)(e) | 6,188,050 | 6,188,050 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 104.1% (Cost: $164,188,444) |
155,731,554 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (4.1)% |
(6,107,264 | ) | ||||||
| NET ASSETS – 100.0% | $ | 149,624,290 | ||||||
| * | Non-income producing security. |
| (a) | Escrow security – additional shares issued as a result of a corporate action. |
| (b) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (d) | Interest rate shown reflects yield as of March 31, 2010. |
| (e) | At March 31, 2010, the total market value of the Fund’s securities on loan was $5,886,074 and the total market value of the collateral held by the Fund was $6,188,050. |
See Notes to Financial Statements.
| 66 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International Dividend ex-Financials Fund (DOO)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.9% | ||||||||
| Australia – 4.9% | ||||||||
| Foster’s Group Ltd. |
258,265 | $ | 1,253,986 | |||||
| Orica Ltd. |
87,332 | 2,147,424 | ||||||
| Origin Energy Ltd. |
60,785 | 923,349 | ||||||
| Telstra Corp., Ltd. |
660,768 | 1,813,392 | ||||||
| Wesfarmers Ltd. |
67,415 | 1,967,065 | ||||||
| Total Australia | 8,105,216 | |||||||
| Austria – 2.1% | ||||||||
| OMV AG |
38,882 | 1,461,539 | ||||||
| Telekom Austria AG |
143,064 | 2,003,551 | ||||||
| Total Austria | 3,465,090 | |||||||
| Belgium – 3.4% | ||||||||
| Anheuser-Busch InBev N.V. |
29,811 | 1,504,378 | ||||||
| Belgacom S.A. |
72,346 | 2,831,017 | ||||||
| Solvay S.A. |
11,459 | 1,180,098 | ||||||
| Total Belgium | 5,515,493 | |||||||
| Finland – 3.0% | ||||||||
| Fortum Oyj(a) |
64,161 | 1,572,242 | ||||||
| Nokia Oyj |
91,791 | 1,432,053 | ||||||
| UPM-Kymmene Oyj(a) |
139,636 | 1,856,349 | ||||||
| Total Finland | 4,860,644 | |||||||
| France – 16.1% | ||||||||
| Accor S.A. |
37,930 | 2,102,193 | ||||||
| Cap Gemini S.A. |
22,395 | 1,105,138 | ||||||
| Compagnie de Saint-Gobain |
35,662 | 1,717,851 | ||||||
| France Telecom S.A. |
122,853 | 2,944,806 | ||||||
| Lafarge S.A. |
23,263 | 1,639,960 | ||||||
| Lagardere SCA |
40,471 | 1,640,648 | ||||||
| PPR |
18,171 | 2,423,557 | ||||||
| Sanofi-Aventis S.A. |
19,397 | 1,448,520 | ||||||
| Schneider Electric S.A. |
16,988 | 1,996,143 | ||||||
| Technip S.A. |
17,912 | 1,459,050 | ||||||
| TOTAL S.A. |
23,076 | 1,342,013 | ||||||
| Vallourec S.A. |
17,380 | 3,511,068 | ||||||
| Veolia Environnement |
47,021 | 1,633,867 | ||||||
| Vivendi S.A. |
54,009 | 1,448,071 | ||||||
| Total France | 26,412,885 | |||||||
| Germany – 10.5% | ||||||||
| BASF SE |
46,061 | 2,861,969 | ||||||
| Bayer AG |
17,474 | 1,184,095 | ||||||
| Deutsche Post AG |
202,412 | 3,518,034 | ||||||
| Deutsche Telekom AG |
174,428 | 2,368,445 | ||||||
| E.ON AG |
36,727 | 1,358,421 | ||||||
| Metro AG |
20,755 | 1,233,431 | ||||||
| RWE AG |
18,475 | 1,639,902 | ||||||
| SAP AG |
13,623 | 661,017 | ||||||
| ThyssenKrupp AG |
72,401 | 2,493,718 | ||||||
| Total Germany | 17,319,032 | |||||||
| Hong Kong – 0.8% | ||||||||
| CNOOC Ltd. |
804,000 | 1,323,312 | ||||||
| Investments | Shares | Value | ||||||
| Italy – 10.9% | ||||||||
| Enel SpA |
536,284 | $ | 3,004,173 | |||||
| ENI SpA |
83,804 | 1,969,674 | ||||||
| Mediaset SpA |
402,149 | 3,460,778 | ||||||
| Parmalat SpA |
1,233,023 | 3,382,686 | ||||||
| Telecom Italia SpA RSP |
3,698,745 | 4,178,983 | ||||||
| Terna Rete Elettrica Nazionale SpA(a) |
440,389 | 1,908,338 | ||||||
| Total Italy | 17,904,632 | |||||||
| Japan – 5.1% | ||||||||
| Astellas Pharma, Inc. |
21,700 | 786,114 | ||||||
| Canon, Inc. |
24,400 | 1,130,693 | ||||||
| Daiichi Sankyo Co., Ltd. |
58,700 | 1,099,997 | ||||||
| Eisai Co., Ltd.(a) |
36,800 | 1,313,442 | ||||||
| Fujitsu Ltd. |
82,000 | 537,072 | ||||||
| Konica Minolta Holdings, Inc. |
55,500 | 648,015 | ||||||
| Ricoh Co., Ltd. |
50,000 | 781,250 | ||||||
| Takeda Pharmaceutical Co., Ltd.(a) |
26,600 | 1,171,436 | ||||||
| TDK Corp. |
13,400 | 891,995 | ||||||
| Total Japan | 8,360,014 | |||||||
| Netherlands – 7.6% | ||||||||
| Akzo Nobel N.V. |
36,589 | 2,089,013 | ||||||
| Koninklijke DSM N.V. |
36,613 | 1,635,597 | ||||||
| Reed Elsevier N.V. |
118,084 | 1,437,695 | ||||||
| STMicroelectronics N.V. |
165,418 | 1,649,605 | ||||||
| TNT N.V. |
79,303 | 2,278,082 | ||||||
| Unilever N.V. CVA |
54,952 | 1,665,192 | ||||||
| Wolters Kluwer N.V. |
81,264 | 1,765,380 | ||||||
| Total Netherlands | 12,520,564 | |||||||
| Norway – 1.6% | ||||||||
| Orkla ASA |
171,781 | 1,520,813 | ||||||
| Statoil ASA |
48,009 | 1,112,934 | ||||||
| Total Norway | 2,633,747 | |||||||
| Portugal – 2.4% | ||||||||
| Portugal Telecom, SGPS, S.A. |
354,431 | 3,969,966 | ||||||
| Singapore – 1.7% | ||||||||
| Singapore Airlines Ltd. |
263,000 | 2,859,411 | ||||||
| Singapore Airport Terminal Services Ltd. |
380 | 720 | ||||||
| Total Singapore | 2,860,131 | |||||||
| Spain – 1.9% | ||||||||
| ACS Actividades de Construccion y Servicios, S.A. |
26,194 | 1,210,736 | ||||||
| Repsol YPF S.A. |
78,213 | 1,855,199 | ||||||
| Total Spain | 3,065,935 | |||||||
| Sweden – 4.5% | ||||||||
| Sandvik AB |
295,437 | 3,704,764 | ||||||
| SKF AB Class B |
134,786 | 2,402,813 | ||||||
| Svenska Cellulosa AB Class B* |
89,601 | 1,267,387 | ||||||
| Total Sweden | 7,374,964 | |||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 67 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Dividend ex-Financials Fund (DOO)
March 31, 2010
| Investments | Shares | Value | ||||||
| Switzerland – 2.4% | ||||||||
| Holcim Ltd.* |
24,443 | $ | 1,825,300 | |||||
| Novartis AG |
23,102 | 1,249,973 | ||||||
| Roche Holding AG |
5,131 | 833,596 | ||||||
| Total Switzerland | 3,908,869 | |||||||
| United Kingdom – 19.2% | ||||||||
| AstraZeneca PLC |
35,928 | 1,601,732 | ||||||
| BP PLC |
237,081 | 2,241,923 | ||||||
| British American Tobacco PLC |
47,207 | 1,626,583 | ||||||
| BT Group PLC |
3,082,380 | 5,793,148 | ||||||
| Diageo PLC |
85,964 | 1,442,211 | ||||||
| GlaxoSmithKline PLC |
90,668 | 1,740,497 | ||||||
| Home Retail Group PLC |
416,457 | 1,711,972 | ||||||
| J. Sainsbury PLC |
208,542 | 1,036,322 | ||||||
| Marks & Spencer Group PLC |
365,048 | 2,049,397 | ||||||
| National Grid PLC |
192,729 | 1,875,430 | ||||||
| Royal Dutch Shell PLC Class B |
70,983 | 1,954,824 | ||||||
| Sage Group PLC (The) |
334,488 | 1,213,158 | ||||||
| Severn Trent PLC |
109,612 | 1,986,932 | ||||||
| United Utilities Group PLC |
387,025 | 3,281,768 | ||||||
| Vodafone Group PLC |
879,176 | 2,027,106 | ||||||
| Total United Kingdom | 31,583,003 | |||||||
| United States – 0.8% | ||||||||
| Kraft Foods, Inc. Class A |
42,979 | 1,299,685 | ||||||
| TOTAL COMMON STOCKS (Cost: $153,530,560) |
162,483,182 | |||||||
| SHORT-TERM INVESTMENT – 0.2% | ||||||||
| MONEY MARKET FUND – 0.2% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $428,358) | 428,358 | 428,358 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5% | ||||||||
| MONEY MARKET FUND – 2.5% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $4,105,033)(d) | 4,105,033 | 4,105,033 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 101.6% (Cost: $158,063,951) |
167,016,573 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (1.6)% |
(2,679,041 | ) | ||||||
| NET ASSETS – 100.0% | $ | 164,337,532 | ||||||
RSP – Risparmio Italian Savings Shares
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $3,899,284 and the total market value of the collateral held by the Fund was $4,105,033. |
See Notes to Financial Statements.
| 68 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.3% | ||||||||
| Australia – 9.8% | ||||||||
| AGL Energy Ltd. |
22,448 | $ | 309,677 | |||||
| Amcor Ltd. |
102,561 | 601,526 | ||||||
| Aristocrat Leisure Ltd.(a) |
90,765 | 377,388 | ||||||
| AXA Asia Pacific Holdings Ltd. |
132,055 | 766,026 | ||||||
| Billabong International Ltd.(a) |
25,549 | 264,987 | ||||||
| BlueScope Steel Ltd.* |
168,471 | 449,976 | ||||||
| Boral Ltd. |
61,244 | 315,354 | ||||||
| Brambles Ltd. |
135,623 | 916,184 | ||||||
| Coca-Cola Amatil Ltd. |
61,363 | 633,623 | ||||||
| Computershare Ltd. |
28,365 | 325,956 | ||||||
| Crown Ltd. |
78,170 | 586,901 | ||||||
| CSR Ltd. |
219,474 | 333,390 | ||||||
| Fairfax Media Ltd.(a) |
252,563 | 417,267 | ||||||
| Felix Resources Ltd. In Specie*† †† |
16,737 | 1,562 | ||||||
| Harvey Norman Holdings Ltd.(a) |
97,792 | 324,925 | ||||||
| Incitec Pivot Ltd. |
198,214 | 631,299 | ||||||
| Insurance Australia Group Ltd. |
108,802 | 387,472 | ||||||
| Leighton Holdings Ltd.(a) |
30,328 | 1,085,625 | ||||||
| Lend Lease Group(b) |
62,149 | 493,996 | ||||||
| Metcash Ltd. |
54,550 | 207,284 | ||||||
| OneSteel Ltd. |
127,986 | 458,141 | ||||||
| Orica Ltd. |
27,034 | 664,744 | ||||||
| Sims Metal Management Ltd. |
13,472 | 267,832 | ||||||
| Sonic Healthcare Ltd. |
64,280 | 847,821 | ||||||
| Suncorp-Metway Ltd. |
182,020 | 1,426,752 | ||||||
| TABCORP Holdings Ltd. |
43,866 | 277,811 | ||||||
| Tatts Group Ltd. |
107,031 | 241,666 | ||||||
| Toll Holdings Ltd. |
49,320 | 335,891 | ||||||
| WorleyParsons Ltd. |
16,407 | 383,256 | ||||||
| Total Australia | 14,334,332 | |||||||
| Austria – 2.9% | ||||||||
| EVN AG |
12,208 | 212,430 | ||||||
| Oesterreichische Post AG |
11,861 | 346,500 | ||||||
| Raiffeisen International Bank Holding AG(a) |
13,382 | 637,373 | ||||||
| Strabag SE |
10,939 | 278,565 | ||||||
| Telekom Austria AG |
57,587 | 806,482 | ||||||
| Vienna Insurance Group |
10,031 | 530,702 | ||||||
| voestalpine AG |
34,455 | 1,396,300 | ||||||
| Total Austria | 4,208,352 | |||||||
| Belgium – 1.2% | ||||||||
| Cofinimmo |
2,200 | 310,631 | ||||||
| Mobistar S.A. |
6,984 | 430,591 | ||||||
| UCB S.A. |
14,359 | 614,253 | ||||||
| Umicore |
12,027 | 420,757 | ||||||
| Total Belgium | 1,776,232 | |||||||
| Denmark – 0.5% | ||||||||
| D/S Norden |
7,607 | 331,136 | ||||||
| H. Lundbeck A/S |
11,438 | 216,000 | ||||||
| TrygVesta A/S |
3,167 | 209,410 | ||||||
| Total Denmark | 756,546 | |||||||
| Investments | Shares | Value | ||||||
| Finland – 3.5% | ||||||||
| Elisa Oyj* |
16,864 | $ | 348,441 | |||||
| Kesko Oyj Class B(a) |
7,915 | 312,083 | ||||||
| Metso Oyj |
15,284 | 494,477 | ||||||
| Neste Oil Oyj* |
36,246 | 633,164 | ||||||
| Nokian Renkaat Oyj* |
8,901 | 231,605 | ||||||
| Outokumpu Oyj(a) |
16,489 | 362,558 | ||||||
| Pohjola Bank PLC |
20,006 | 225,223 | ||||||
| Rautaruukki Oyj(a) |
24,422 | 528,726 | ||||||
| Sanoma Oyj* |
25,269 | 560,740 | ||||||
| UPM-Kymmene Oyj(a) |
61,426 | 816,610 | ||||||
| Wartsila Oyj |
11,953 | 606,510 | ||||||
| Total Finland | 5,120,137 | |||||||
| France – 11.3% | ||||||||
| Aeroports de Paris |
5,598 | 461,751 | ||||||
| Arkema S.A. |
2,194 | 81,372 | ||||||
| Bourbon S.A. |
1,480 | 64,093 | ||||||
| Bureau Veritas S.A. |
5,321 | 282,954 | ||||||
| Cap Gemini S.A. |
12,537 | 618,670 | ||||||
| Casino Guichard Perrachon S.A. |
9,368 | 794,141 | ||||||
| Ciments Francais S.A. |
3,262 | 313,336 | ||||||
| Dassault Systemes S.A. |
2,195 | 130,074 | ||||||
| Eiffage S.A. |
5,375 | 278,516 | ||||||
| Eramet(a) |
1,371 | 472,772 | ||||||
| Etablissements Maurel et Prom |
26,369 | 429,764 | ||||||
| ICADE |
4,591 | 511,938 | ||||||
| Imerys S.A. |
7,135 | 440,625 | ||||||
| Ipsen S.A. |
1,002 | 49,019 | ||||||
| Klepierre |
23,412 | 921,218 | ||||||
| Lagardere SCA(a) |
13,386 | 542,653 | ||||||
| Legrand S.A. |
28,211 | 892,850 | ||||||
| M6-Metropole Television |
20,640 | 534,821 | ||||||
| Neopost S.A. |
6,165 | 493,588 | ||||||
| Nexans S.A. |
1,904 | 162,590 | ||||||
| Nexity |
9,142 | 359,968 | ||||||
| PagesJaunes Groupe(a) |
71,060 | 817,478 | ||||||
| Publicis Groupe S.A. |
14,194 | 608,443 | ||||||
| Remy Cointreau S.A. |
6,851 | 354,581 | ||||||
| Sa des Ciments Vicat |
3,454 | 271,116 | ||||||
| Safran S.A. |
43,070 | 1,124,765 | ||||||
| SCOR SE |
29,368 | 743,097 | ||||||
| SEB S.A. |
403 | 26,782 | ||||||
| Societe BIC S.A. |
4,048 | 310,511 | ||||||
| Societe Immobiliere de Location pour l’Industrie et le Commerce |
2,575 | 325,741 | ||||||
| Societe Television Francaise 1 |
28,746 | 534,239 | ||||||
| Technip S.A. |
9,773 | 796,075 | ||||||
| Vallourec S.A. |
8,403 | 1,697,555 | ||||||
| Zodiac Aerospace |
1,945 | 95,849 | ||||||
| Total France | 16,542,945 | |||||||
| Germany – 3.8% | ||||||||
| Adidas AG |
7,234 | 387,618 | ||||||
| Bilfinger Berger AG |
5,133 | 343,071 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 69 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Celesio AG |
21,277 | $ | 681,457 | |||||
| Fielmann AG |
3,540 | 285,530 | ||||||
| Fraport AG Frankfurt Airport Services Worldwide |
6,563 | 346,202 | ||||||
| Gea Group AG |
15,416 | 357,947 | ||||||
| Hamburger Hafen Und Logistik AG |
4,761 | 180,959 | ||||||
| Henkel AG & Co. KGaA |
12,897 | 598,654 | ||||||
| Hochtief AG |
5,753 | 484,344 | ||||||
| Salzgitter AG |
2,663 | 247,655 | ||||||
| SMA Solar Technology AG |
276 | 33,891 | ||||||
| Suedzucker AG |
13,352 | 295,208 | ||||||
| Symrise AG |
13,510 | 322,283 | ||||||
| Tognum AG |
19,089 | 359,544 | ||||||
| Wacker Chemie AG |
2,170 | 324,159 | ||||||
| Wincor Nixdorf AG |
4,543 | 308,279 | ||||||
| Total Germany | 5,556,801 | |||||||
| Hong Kong – 3.2% | ||||||||
| Beijing Enterprises Holdings Ltd. |
39,000 | 270,976 | ||||||
| China Resources Enterprise |
206,162 | 766,002 | ||||||
| Guangdong Investment Ltd. |
460,808 | 249,255 | ||||||
| Hang Lung Group Ltd. |
95,000 | 504,076 | ||||||
| Hopewell Holdings Ltd. |
102,662 | 304,097 | ||||||
| Hysan Development Co., Ltd. |
158,000 | 456,824 | ||||||
| New World Development Ltd. |
257,482 | 504,041 | ||||||
| Shanghai Industrial Holdings Ltd. |
109,000 | 499,749 | ||||||
| Sino-Ocean Land Holdings Ltd. |
112,000 | 98,662 | ||||||
| Sinotrans Shipping Ltd. |
747,000 | 356,919 | ||||||
| Television Broadcasts Ltd. |
62,074 | 300,589 | ||||||
| Wheelock & Co., Ltd. |
97,000 | 286,077 | ||||||
| Yuexiu Property Co., Ltd. |
372,000 | 100,130 | ||||||
| Total Hong Kong | 4,697,397 | |||||||
| Italy – 5.7% | ||||||||
| A2A SpA |
366,424 | 688,677 | ||||||
| Banca Carige SpA |
152,769 | 418,074 | ||||||
| Beni Stabili SpA |
500,654 | 485,721 | ||||||
| Buzzi Unicem SpA |
12,701 | 160,257 | ||||||
| Credito Emiliano SpA* |
69,815 | 483,669 | ||||||
| Edison SpA(a) |
447,493 | 683,007 | ||||||
| ERG SpA |
14,063 | 198,469 | ||||||
| Fondiaria-Sai SpA |
14,825 | 223,465 | ||||||
| Geox SpA |
29,397 | 204,255 | ||||||
| Hera SpA |
103,067 | 242,800 | ||||||
| Iride SpA |
124,352 | 241,454 | ||||||
| Lottomatica SpA |
12,624 | 241,191 | ||||||
| Mediaset SpA |
164,427 | 1,415,012 | ||||||
| Mediolanum SpA |
60,036 | 351,949 | ||||||
| Parmalat SpA |
196,526 | 539,151 | ||||||
| Prysmian SpA |
17,473 | 344,001 | ||||||
| Societa Cattolica di Assicurazioni S.c.r.l.* |
7,789 | 246,198 | ||||||
| Telecom Italia SpA RSP |
967,807 | 1,093,465 | ||||||
| Total Italy | 8,260,815 | |||||||
| Japan – 18.4% | ||||||||
| ACOM Co., Ltd.(a) |
22,130 | 362,360 | ||||||
| Aeon Mall Co., Ltd. |
10,000 | 210,938 | ||||||
| Investments | Shares | Value | ||||||
| Aisin Seiki Co., Ltd. |
19,200 | $ | 575,342 | |||||
| Ajinomoto Co., Inc. |
55,000 | 545,056 | ||||||
| Asahi Breweries Ltd. |
29,400 | 551,565 | ||||||
| Asahi Kasei Corp. |
102,000 | 549,080 | ||||||
| Bank of Yokohama Ltd. (The) |
102,000 | 499,957 | ||||||
| Chiba Bank Ltd. (The)(a) |
72,000 | 430,736 | ||||||
| Chuo Mitsui Trust Holdings, Inc. |
98,000 | 368,129 | ||||||
| Daito Trust Construction Co., Ltd. |
10,400 | 501,969 | ||||||
| Daiwa House Industry Co., Ltd. |
50,000 | 564,533 | ||||||
| Electric Power Development Co., Ltd. |
10,600 | 349,401 | ||||||
| Hitachi Construction Machinery Co., Ltd.(a) |
22,900 | 541,375 | ||||||
| Hokkaido Electric Power Co., Inc.(a) |
17,500 | 335,991 | ||||||
| Hokuriku Electric Power Co.(a) |
13,000 | 286,045 | ||||||
| JS Group Corp. |
34,300 | 698,554 | ||||||
| JSR Corp. |
24,000 | 501,627 | ||||||
| Konica Minolta Holdings, Inc. |
51,500 | 601,311 | ||||||
| Kuraray Co., Ltd. |
34,500 | 464,480 | ||||||
| Kyowa Hakko Kirin Co., Ltd.(a) |
44,000 | 454,409 | ||||||
| Lawson, Inc. |
13,200 | 563,656 | ||||||
| Makita Corp. |
13,300 | 438,399 | ||||||
| Marui Group Co., Ltd. |
51,400 | 372,958 | ||||||
| Mitsubishi Chemical Holdings Corp. |
114,500 | 585,734 | ||||||
| Mitsubishi Tanabe Pharma Corp. |
44,000 | 621,575 | ||||||
| Nikon Corp. |
15,000 | 327,643 | ||||||
| Nippon Express Co., Ltd. |
117,000 | 503,360 | ||||||
| Nippon Mining Holdings, Inc. |
67,500 | 310,266 | ||||||
| Nippon Paper Group, Inc. |
14,200 | 365,486 | ||||||
| Nippon Yusen K.K. |
120,000 | 473,887 | ||||||
| Nitto Denko Corp. |
16,300 | 633,230 | ||||||
| Nomura Real Estate Holdings, Inc. |
16,600 | 256,177 | ||||||
| Nomura Research Institute Ltd. |
17,300 | 394,360 | ||||||
| OJI Paper Co., Ltd. |
100,000 | 438,784 | ||||||
| Oracle Corp. |
15,668 | 726,892 | ||||||
| Osaka Gas Co., Ltd. |
100,000 | 358,519 | ||||||
| Panasonic Electric Works Co., Ltd. |
67,000 | 846,104 | ||||||
| Sankyo Co., Ltd. |
6,800 | 336,580 | ||||||
| Sekisui Chemical Co., Ltd. |
46,000 | 312,115 | ||||||
| Sekisui House Ltd. |
42,000 | 419,820 | ||||||
| Shikoku Electric Power Co., Inc. |
10,600 | 300,507 | ||||||
| Shionogi & Co., Ltd. |
18,000 | 342,509 | ||||||
| Shiseido Co., Ltd.(a) |
33,600 | 729,966 | ||||||
| Shizuoka Bank Ltd. (The) |
50,000 | 436,109 | ||||||
| Showa Shell Sekiyu K.K. |
41,900 | 283,399 | ||||||
| Sompo Japan Insurance, Inc. |
80,000 | 544,521 | ||||||
| Stanley Electric Co., Ltd. |
9,700 | 188,207 | ||||||
| Sumitomo Chemical Co., Ltd. |
103,000 | 503,756 | ||||||
| Sumitomo Realty & Development Co., Ltd. |
21,000 | 399,818 | ||||||
| Sumitomo Rubber Industries, Inc. |
18,000 | 158,733 | ||||||
| TDK Corp. |
13,300 | 885,338 | ||||||
| Tokyo Tatemono Co., Ltd. |
45,000 | 161,815 | ||||||
| Tokyu Land Corp. |
59,000 | 225,417 | ||||||
| TonenGeneral Sekiyu K.K. |
58,104 | 490,626 | ||||||
| Toppan Printing Co., Ltd. |
49,000 | 442,594 | ||||||
| Toray Industries, Inc.(a) |
76,000 | 444,092 | ||||||
See Notes to Financial Statements.
| 70 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Toyota Tsusho Corp. |
27,900 | $ | 437,729 | |||||
| Trend Micro, Inc. |
11,000 | 383,776 | ||||||
| Yamaha Corp. |
21,900 | 282,891 | ||||||
| Yamato Holdings Co., Ltd. |
42,000 | 590,625 | ||||||
| Total Japan | 26,910,831 | |||||||
| Netherlands – 2.8% | ||||||||
| Fugro N.V. CVA |
8,934 | 584,967 | ||||||
| Imtech N.V. |
7,124 | 228,552 | ||||||
| Koninklijke Boskalis Westminster N.V. |
16,066 | 616,841 | ||||||
| Koninklijke DSM N.V.(a) |
17,069 | 762,516 | ||||||
| SBM Offshore N.V. |
17,329 | 347,380 | ||||||
| STMicroelectronics N.V. |
83,775 | 835,433 | ||||||
| Wolters Kluwer N.V. |
29,198 | 634,298 | ||||||
| Total Netherlands | 4,009,987 | |||||||
| New Zealand – 0.8% | ||||||||
| Contact Energy Ltd.* |
44,030 | 199,946 | ||||||
| Fletcher Building Ltd. |
74,995 | 444,326 | ||||||
| Telecom Corp. of New Zealand Ltd. |
339,865 | 523,298 | ||||||
| Total New Zealand | 1,167,570 | |||||||
| Norway – 0.5% | ||||||||
| Fred Olsen Energy ASA |
19,626 | 752,214 | ||||||
| Portugal – 1.8% | ||||||||
| Banco BPI S.A. Registered Shares |
88,519 | 235,717 | ||||||
| Banco Comercial Portugues S.A. Class R*(a) |
222,048 | 247,573 | ||||||
| Banco Espirito Santo S.A. |
92,066 | 498,298 | ||||||
| Brisa Auto-Estradas de Portugal S.A. |
67,419 | 572,891 | ||||||
| Cimpor Cimentos de Portugal SGPS S.A. |
57,829 | 437,800 | ||||||
| Jeronimo Martins, SGPS, S.A. |
32,474 | 329,554 | ||||||
| Sonae(a) |
210,860 | 251,077 | ||||||
| Total Portugal | 2,572,910 | |||||||
| Singapore – 3.8% | ||||||||
| Cosco Corp.(Singapore) Ltd.(a) |
389,000 | 345,023 | ||||||
| Fraser and Neave Ltd. |
118,402 | 406,516 | ||||||
| Jardine Cycle & Carriage Ltd. |
26,904 | 565,387 | ||||||
| Keppel Land Ltd. |
56,000 | 147,005 | ||||||
| SembCorp Industries Ltd. |
171,000 | 505,154 | ||||||
| SembCorp Marine Ltd. |
208,360 | 624,462 | ||||||
| SIA Engineering Co., Ltd. |
185,536 | 471,122 | ||||||
| Singapore Exchange Ltd.(a) |
127,000 | 694,932 | ||||||
| Singapore Press Holdings Ltd. |
167,148 | 456,711 | ||||||
| Singapore Technologies Engineering Ltd. |
356,000 | 812,303 | ||||||
| StarHub Ltd. |
255,594 | 418,662 | ||||||
| UOL Group Ltd. |
37,000 | 103,215 | ||||||
| Total Singapore | 5,550,492 | |||||||
| Spain – 4.8% | ||||||||
| Acerinox S.A. |
19,192 | 378,494 | ||||||
| Antena 3 de Television S.A. |
38,066 | 421,328 | ||||||
| Banco Pastor S.A.(a) |
73,618 | 427,836 | ||||||
| Bankinter, S.A.(a) |
34,817 | 290,203 | ||||||
| Bolsas y Mercados Espanoles S.A.(a) |
16,266 | 436,229 | ||||||
| Enagas |
20,581 | 451,836 | ||||||
| Investments | Shares | Value | ||||||
| Ferrovial S.A. |
98,632 | $ | 960,904 | |||||
| Fomento de Construcciones y Contratas S.A.(a) |
16,531 | 606,287 | ||||||
| Gestevision Telecinco S.A. |
55,540 | 873,256 | ||||||
| Grupo Catalana Occidente S.A. |
11,602 | 236,579 | ||||||
| Indra Sistemas S.A. |
18,000 | 369,721 | ||||||
| Red Electrica Corp. S.A. |
8,604 | 462,597 | ||||||
| Sociedad General de Aguas de Barcelona S.A. Class A |
10,714 | 288,637 | ||||||
| Tecnicas Reunidas, S.A. |
5,727 | 360,725 | ||||||
| Zardoya Otis, S.A.(a) |
26,447 | 459,127 | ||||||
| Total Spain | 7,023,759 | |||||||
| Sweden – 5.5% | ||||||||
| Alfa Laval AB |
29,369 | 433,781 | ||||||
| Assa Abloy AB Class B |
25,163 | 494,030 | ||||||
| Atlas Copco AB Class B |
37,636 | 529,215 | ||||||
| Hakon Invest AB |
23,897 | 458,217 | ||||||
| Kinnevik Investment AB Class B |
19,506 | 360,469 | ||||||
| Ratos AB Class B* |
20,599 | 685,489 | ||||||
| Scania AB Class B |
43,471 | 689,786 | ||||||
| Securitas AB Class B |
40,213 | 430,235 | ||||||
| Skanska AB Class B |
51,441 | 937,760 | ||||||
| SKF AB Class B |
31,016 | 552,918 | ||||||
| SSAB AB Class A(a) |
22,173 | 399,897 | ||||||
| Svenska Cellulosa AB Class B* |
46,290 | 654,762 | ||||||
| Swedish Match AB |
22,194 | 532,261 | ||||||
| Tele2 AB Class B |
50,756 | 849,812 | ||||||
| Total Sweden | 8,008,632 | |||||||
| Switzerland – 3.0% | ||||||||
| Baloise Holding AG |
4,812 | 427,459 | ||||||
| BKW FMB Energie AG |
2,940 | 218,849 | ||||||
| EMS-Chemie Holding AG |
3,752 | 515,452 | ||||||
| Geberit AG |
3,669 | 657,774 | ||||||
| Partners Group Holding AG |
3,003 | 425,964 | ||||||
| Schindler Holding AG |
5,260 | 457,761 | ||||||
| Schindler Holding AG Participating Shares |
4,505 | 397,192 | ||||||
| Sulzer AG |
3,721 | 362,360 | ||||||
| Swatch Group AG (The) |
6,259 | 372,846 | ||||||
| Swatch Group AG (The) Class B |
1,739 | 555,462 | ||||||
| Total Switzerland | 4,391,119 | |||||||
| United Kingdom – 16.0% | ||||||||
| Admiral Group PLC |
25,590 | 512,391 | ||||||
| Amlin PLC |
39,449 | 232,240 | ||||||
| Ashmore Group PLC |
94,779 | 379,122 | ||||||
| Balfour Beatty PLC |
40,110 | 177,783 | ||||||
| British Land Co. PLC |
136,290 | 994,618 | ||||||
| Bunzl PLC |
27,831 | 304,384 | ||||||
| Burberry Group PLC |
29,435 | 319,024 | ||||||
| Cable & Wireless Communications PLC |
240,635 | 202,038 | ||||||
| Cable & Wireless Worldwide* |
240,635 | 335,818 | ||||||
| Capita Group PLC (The) |
21,090 | 242,015 | ||||||
| Carillion PLC |
51,033 | 252,982 | ||||||
| Close Brothers Group PLC |
20,092 | 236,201 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 71 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International MidCap Dividend Fund (DIM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Cobham PLC |
65,593 | $ | 255,710 | |||||
| Daily Mail & General Trust N.V. Class A |
37,874 | 285,877 | ||||||
| Drax Group PLC |
64,507 | 365,570 | ||||||
| Firstgroup PLC |
40,938 | 222,935 | ||||||
| G4S PLC |
81,957 | 325,098 | ||||||
| Hammerson PLC |
123,309 | 735,845 | ||||||
| Hays PLC |
197,082 | 324,365 | ||||||
| Home Retail Group PLC |
93,647 | 384,964 | ||||||
| ICAP PLC |
48,479 | 274,884 | ||||||
| IMI PLC |
46,167 | 462,203 | ||||||
| Inmarsat PLC |
32,731 | 375,352 | ||||||
| Intercontinental Hotels Group PLC(a) |
22,497 | 352,177 | ||||||
| International Power PLC |
120,101 | 580,976 | ||||||
| Investec PLC |
53,528 | 437,650 | ||||||
| Johnson Matthey PLC |
12,808 | 339,221 | ||||||
| Kingfisher PLC |
116,397 | 378,550 | ||||||
| Ladbrokes PLC |
80,122 | 193,244 | ||||||
| Legal & General Group PLC |
652,312 | 871,248 | ||||||
| London Stock Exchange Group PLC |
19,920 | 214,689 | ||||||
| Man Group PLC |
247,169 | 905,458 | ||||||
| Marks & Spencer Group PLC |
161,200 | 904,985 | ||||||
| Meggitt PLC |
72,702 | 337,131 | ||||||
| Next PLC |
13,198 | 433,234 | ||||||
| Northumbrian Water Group PLC |
47,305 | 203,144 | ||||||
| Pennon Group PLC |
23,137 | 183,379 | ||||||
| Provident Financial PLC |
23,129 | 304,357 | ||||||
| RSA Insurance Group PLC |
328,618 | 635,563 | ||||||
| Sage Group PLC (The) |
121,962 | 442,345 | ||||||
| Schroders PLC |
19,434 | 414,776 | ||||||
| Segro PLC |
270,413 | 1,310,966 | ||||||
| Severn Trent PLC |
21,890 | 396,799 | ||||||
| Smith & Nephew PLC |
90,151 | 897,765 | ||||||
| Smiths Group PLC |
33,939 | 584,837 | ||||||
| Standard Life PLC |
226,797 | 689,089 | ||||||
| Tate & Lyle PLC |
68,794 | 473,974 | ||||||
| Thomas Cook Group PLC |
68,237 | 279,267 | ||||||
| Tomkins PLC |
100,307 | 359,088 | ||||||
| TUI Travel PLC |
74,173 | 339,227 | ||||||
| United Utilities Group PLC |
102,375 | 868,086 | ||||||
| Vedanta Resources PLC(a) |
11,379 | 479,160 | ||||||
| Whitbread PLC |
14,513 | 324,498 | ||||||
| Total United Kingdom | 23,336,302 | |||||||
| TOTAL COMMON STOCKS (Cost: $155,218,125) |
144,977,373 | |||||||
| RIGHTS – 0.0% | ||||||||
| Spain – 0.0% | ||||||||
| Banco Pastor S.A., expiring 4/19/10*(a) (Cost: $0) |
73,618 | 9,563 | ||||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $155,218,125) |
144,986,936 | |||||||
| Investments | Shares | Value | ||||||
| SHORT-TERM INVESTMENT – 0.6% | ||||||||
| MONEY MARKET FUND – 0.6% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(c) |
||||||||
| (Cost: $856,102) | 856,102 | $ | 856,102 | |||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.6% | ||||||||
| MONEY MARKET FUND – 9.6% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(d) |
||||||||
| (Cost: $14,078,114)(e) | 14,078,114 | 14,078,114 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 109.5% (Cost: $170,152,341) |
159,921,152 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (9.5)% |
(13,852,210 | ) | ||||||
| NET ASSETS – 100.0% | $ | 146,068,942 | ||||||
RSP – Risparmio Italian Savings Shares
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $1,562, which represents .0011% of net assets. |
| †† | Restricted security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (d) | Interest rate shown reflects yield as of March 31, 2010. |
| (e) | At March 31, 2010, the total market value of the Fund’s securities on loan was $13,384,845 and the total market value of the collateral held by the Fund was $14,078,114. |
See Notes to Financial Statements.
| 72 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.5% | ||||||||
| Australia – 15.1% | ||||||||
| Adelaide Brighton Ltd. |
520,287 | $ | 1,232,067 | |||||
| Ansell Ltd. |
80,569 | 897,756 | ||||||
| APN News & Media Ltd.(a) |
1,134,623 | 2,405,665 | ||||||
| Ausenco Ltd.(a) |
140,675 | 568,121 | ||||||
| Austal Ltd. |
93,807 | 219,557 | ||||||
| Austbrokers Holdings Ltd. |
134,985 | 635,586 | ||||||
| Austereo Group Ltd. |
421,522 | 661,588 | ||||||
| Bank of Queensland Ltd. |
191,866 | 2,076,268 | ||||||
| Bendigo and Adelaide Bank Ltd.(a) |
469,117 | 4,305,789 | ||||||
| Bradken Ltd. |
186,245 | 1,309,438 | ||||||
| Cabcharge Australia Ltd.(a) |
163,644 | 862,151 | ||||||
| Campbell Brothers Ltd. |
42,106 | 1,142,018 | ||||||
| Centennial Coal Co., Ltd. |
563,240 | 2,202,291 | ||||||
| Challenger Financial Services Group Ltd. |
626,071 | 2,413,484 | ||||||
| ConnectEast Group(b) |
4,408,548 | 1,820,873 | ||||||
| Consolidated Media Holdings Ltd.(a) |
707,282 | 2,044,913 | ||||||
| Corporate Express Australia Ltd.(a) |
245,209 | 1,258,113 | ||||||
| Crane Group Ltd. |
97,932 | 805,386 | ||||||
| Cromwell Group |
307,688 | 206,160 | ||||||
| David Jones Ltd.(a) |
519,110 | 2,263,209 | ||||||
| Downer EDI Ltd. |
208,754 | 1,448,532 | ||||||
| Envestra Ltd.(b) |
2,036,343 | 953,219 | ||||||
| FKP Property Group |
1,503,040 | 986,389 | ||||||
| Fleetwood Corp., Ltd. |
27,670 | 228,572 | ||||||
| Flight Centre Ltd.(a) |
120,167 | 2,313,994 | ||||||
| Gloucester Coal Ltd.* |
154,458 | 1,275,923 | ||||||
| Goodman Fielder Ltd. |
1,901,689 | 2,496,014 | ||||||
| GUD Holdings Ltd. |
165,405 | 1,405,825 | ||||||
| Gunns Ltd.(a) |
851,988 | 375,359 | ||||||
| GWA International Ltd.(a) |
426,988 | 1,301,144 | ||||||
| Hastie Group Ltd. |
507,608 | 710,509 | ||||||
| Hastings Diversified Utilities Fund(a)(b) |
765,449 | 836,055 | ||||||
| Healthscope Ltd.(a) |
257,698 | 1,045,454 | ||||||
| Hills Industries Ltd. |
441,064 | 1,068,752 | ||||||
| Invocare Ltd.(a) |
139,182 | 760,102 | ||||||
| Iress Market Technology Ltd.(a) |
119,656 | 878,610 | ||||||
| JB Hi-Fi Ltd. |
48,235 | 898,731 | ||||||
| Macmahon Holdings Ltd. |
1,779,879 | 1,192,573 | ||||||
| Melbourne It Ltd. |
134,558 | 213,044 | ||||||
| Monadelphous Group Ltd. |
91,583 | 1,286,109 | ||||||
| Peet Ltd. |
262,596 | 554,354 | ||||||
| Perpetual Ltd.(a) |
36,998 | 1,198,060 | ||||||
| Seek Ltd. |
124,932 | 919,644 | ||||||
| Sigma Pharmaceuticals Ltd. |
1,218,655 | 520,122 | ||||||
| Spotless Group Ltd. |
339,296 | 887,555 | ||||||
| Sunland Group Ltd.*(a) |
1,137,078 | 819,278 | ||||||
| Ten Network Holdings Ltd.* |
665,338 | 1,160,293 | ||||||
| Tower Australia Group Ltd. |
274,682 | 668,110 | ||||||
| Transfield Services Ltd. |
213,977 | 793,451 | ||||||
| UGL Ltd.(a) |
150,488 | 2,078,787 | ||||||
| West Australian Newspapers Holdings Ltd.(a) |
364,594 | 2,653,715 | ||||||
| Investments | Shares | Value | ||||||
| Wotif.com Holdings Ltd. |
255,376 | $ | 1,699,377 | |||||
| Total Australia | 64,958,089 | |||||||
| Austria – 0.9% | ||||||||
| Flughafen Wien AG |
22,523 | 1,122,121 | ||||||
| Schoeller-Bleckmann Oilfield Equipment AG |
29,277 | 1,545,369 | ||||||
| Semperit AG Holding |
29,400 | 1,150,072 | ||||||
| Total Austria | 3,817,562 | |||||||
| Belgium – 1.9% | ||||||||
| Compagnie d’entreprises CFE |
11,917 | 663,378 | ||||||
| Compagnie Maritime Belge S.A. |
49,767 | 1,593,257 | ||||||
| Euronav N.V. |
164,130 | 3,642,181 | ||||||
| EVS Broadcast Equipment S.A. |
15,565 | 885,404 | ||||||
| Omega Pharma S.A. |
14,059 | 701,672 | ||||||
| Tessenderlo Chemie N.V. |
25,463 | 853,080 | ||||||
| Total Belgium | 8,338,972 | |||||||
| Denmark – 0.2% | ||||||||
| Auriga Industries Class B* |
48,767 | 921,821 | ||||||
| Finland – 4.3% | ||||||||
| Amer Sports Oyj Class A |
17,759 | 210,020 | ||||||
| Cargotec Oyj Class B |
51,670 | 1,497,572 | ||||||
| Citycon Oyj(a) |
314,390 | 1,254,933 | ||||||
| Comptel Oyj |
188,070 | 221,395 | ||||||
| F-Secure Oyj(a) |
180,431 | 612,794 | ||||||
| Huhtamaki Oyj(a) |
82,806 | 904,201 | ||||||
| Kemira Oyj*(a) |
68,338 | 731,423 | ||||||
| Lassila & Tikanoja Oyj(a) |
40,577 | 848,827 | ||||||
| Orion Oyj Class B(a) |
111,532 | 2,471,969 | ||||||
| Outotec Oyj(a) |
37,872 | 1,365,668 | ||||||
| Poyry Oyj |
41,980 | 610,634 | ||||||
| Stockmann Oyj Abp Class B(a) |
29,064 | 1,059,455 | ||||||
| Technopolis PLC |
45,643 | 227,275 | ||||||
| Tieto Oyj(a) |
74,458 | 1,726,839 | ||||||
| Tikkurila Oy*(a) |
17,084 | 352,062 | ||||||
| Uponor Oyj(a) |
79,229 | 1,447,264 | ||||||
| YIT Oyj |
127,344 | 2,946,485 | ||||||
| Total Finland | 18,488,816 | |||||||
| France – 2.1% | ||||||||
| Canal Plus |
63,075 | 501,071 | ||||||
| Derichebourg S.A.*(a) |
149,919 | 698,025 | ||||||
| Groupe Steria SCA |
30,750 | 953,235 | ||||||
| Havas S.A. |
202,949 | 1,023,472 | ||||||
| Ingenico |
18,076 | 452,851 | ||||||
| IPSOS |
16,389 | 580,012 | ||||||
| Rallye S.A. |
59,664 | 2,205,176 | ||||||
| Rubis |
13,528 | 1,182,486 | ||||||
| Saft Groupe S.A. |
13,535 | 537,430 | ||||||
| Sechilienne-Sidec |
22,100 | 732,636 | ||||||
| Total France | 8,866,394 | |||||||
| Germany – 3.2% | ||||||||
| Aurubis AG |
52,464 | 2,708,586 | ||||||
| Bauer AG |
14,667 | 657,892 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Bechtle AG |
28,253 | $ | 870,477 | |||||
| Carl Zeiss Meditec AG |
34,022 | 545,517 | ||||||
| Comdirect Bank AG |
121,112 | 1,220,881 | ||||||
| CTS Eventim AG |
11,807 | 600,699 | ||||||
| Deutsche Beteiligungs AG |
8,173 | 188,775 | ||||||
| Gerresheimer AG |
17,066 | 534,580 | ||||||
| Gerry Weber International AG |
20,502 | 712,950 | ||||||
| Gildemeister AG |
57,443 | 774,385 | ||||||
| H&R WASAG AG |
20,026 | 421,361 | ||||||
| Indus Holding AG |
49,898 | 941,186 | ||||||
| Kontron AG |
29,574 | 289,760 | ||||||
| Krones AG(a) |
15,393 | 793,244 | ||||||
| MLP AG |
72,058 | 760,610 | ||||||
| Pfeiffer Vacuum Technology AG |
12,524 | 957,461 | ||||||
| Sixt AG |
21,993 | 704,686 | ||||||
| Takkt AG |
18,193 | 211,706 | ||||||
| Total Germany | 13,894,756 | |||||||
| Hong Kong – 2.1% | ||||||||
| China Pharmaceutical Group Ltd. |
848,000 | 524,219 | ||||||
| China Travel International Investment Hong Kong Ltd. |
3,292,000 | 894,577 | ||||||
| Citic 1616 Holdings Ltd. |
2,882,000 | 976,169 | ||||||
| Dah Chong Hong Holdings Ltd. |
3,091,000 | 2,077,997 | ||||||
| Hongkong & Shanghai Hotels (The) |
723,000 | 1,117,364 | ||||||
| Shenzhen Investment Ltd. |
1,644,000 | 609,775 | ||||||
| Shougang Concord International Enterprises Co., Ltd. |
5,780,000 | 1,220,807 | ||||||
| Sun Hung Kai & Co., Ltd. |
507,189 | 401,064 | ||||||
| Vitasoy International Holdings Ltd. |
1,300,364 | 1,023,249 | ||||||
| Total Hong Kong | 8,845,221 | |||||||
| Ireland – 1.0% | ||||||||
| C&C Group PLC |
210,543 | 955,791 | ||||||
| FBD Holdings PLC |
10,130 | 100,321 | ||||||
| FBD Holdings PLC Redemption Shares*† |
14,316 | — | ||||||
| Fyffes PLC |
75,236 | 38,517 | ||||||
| Glanbia PLC |
200,585 | 811,249 | ||||||
| Greencore Group PLC |
420,031 | 791,419 | ||||||
| Paddy Power PLC |
24,179 | 862,082 | ||||||
| United Drug PLC |
220,129 | 765,491 | ||||||
| Total Ireland | 4,324,870 | |||||||
| Italy – 3.5% | ||||||||
| Autostrada Torino-Milano SpA |
53,995 | 759,830 | ||||||
| Azimut Holding SpA |
75,536 | 958,197 | ||||||
| Banco di Desio e della Brianza SpA |
38,166 | 222,062 | ||||||
| Biesse SpA* |
64,755 | 526,596 | ||||||
| Brembo SpA |
89,108 | 690,878 | ||||||
| Buzzi Unicem SpA RSP |
62,508 | 512,129 | ||||||
| Cairo Communication SpA |
174,569 | 682,645 | ||||||
| Cementir Holding SpA |
104,571 | 420,594 | ||||||
| Credito Artigiano SpA |
88,692 | 214,336 | ||||||
| Enia SpA |
71,623 | 576,633 | ||||||
| Fiat SpA RSP(a) |
89,260 | 754,860 | ||||||
| Investments | Shares | Value | ||||||
| Fondiaria-Sai SpA RSP |
93,766 | $ | 987,085 | |||||
| Immobiliare Grande Distribuzione |
333,383 | 676,199 | ||||||
| Impregilo SpA |
226,893 | 785,175 | ||||||
| Industria Macchine Automatiche SpA |
45,525 | 906,750 | ||||||
| Italcementi SpA RSP |
95,997 | 623,489 | ||||||
| Maire Tecnimont SpA |
261,143 | 996,454 | ||||||
| MARR SpA |
152,017 | 1,405,919 | ||||||
| Piaggio & C. SpA |
246,924 | 788,506 | ||||||
| Recordati SpA |
182,507 | 1,391,564 | ||||||
| Total Italy | 14,879,901 | |||||||
| Japan – 27.1% | ||||||||
| ADEKA Corp. |
97,000 | 969,585 | ||||||
| Aica Kogyo Co., Ltd. |
91,600 | 1,021,481 | ||||||
| Amano Corp. |
116,600 | 1,061,928 | ||||||
| Avex Group Holdings, Inc. |
99,700 | 862,132 | ||||||
| Canon Electronics, Inc. |
45,000 | 995,452 | ||||||
| Capcom Co., Ltd.(a) |
37,200 | 703,074 | ||||||
| Central Glass Co., Ltd. |
245,000 | 1,211,366 | ||||||
| Century Tokyo Leasing Corp. |
55,410 | 767,936 | ||||||
| Circle K Sunkus Co., Ltd. |
73,900 | 916,632 | ||||||
| Daifuku Co., Ltd. |
120,500 | 949,144 | ||||||
| Daishi Bank Ltd. (The) |
245,000 | 849,529 | ||||||
| DCM Japan Holdings Co., Ltd. |
126,400 | 725,068 | ||||||
| Denki Kagaku Kogyo K.K. |
347,000 | 1,492,872 | ||||||
| DIC Corp. |
667,000 | 1,441,931 | ||||||
| DOWA Holdings Co., Ltd.(a) |
184,000 | 1,108,647 | ||||||
| Ehime Bank Ltd. (The) |
73,000 | 205,469 | ||||||
| Ezaki Glico Co., Ltd. |
81,000 | 945,751 | ||||||
| Fancl Corp.(a) |
75,200 | 1,426,096 | ||||||
| Fukuyama Transporting Co., Ltd.(a) |
254,000 | 1,269,456 | ||||||
| Fuyo General Lease Co., Ltd. |
32,000 | 905,822 | ||||||
| Goldcrest Co., Ltd. |
59,540 | 1,575,796 | ||||||
| Gunze Ltd. |
247,000 | 911,976 | ||||||
| H2O Retailing Corp.(a) |
144,000 | 984,760 | ||||||
| Hanwa Co., Ltd. |
212,000 | 898,459 | ||||||
| Heiwa Real Estate Co., Ltd. |
237,500 | 714,228 | ||||||
| Hikari Tsushin, Inc.(a) |
41,300 | 670,948 | ||||||
| Hitachi Cable Ltd.(a) |
295,000 | 880,833 | ||||||
| Hitachi Capital Corp. |
87,700 | 1,249,237 | ||||||
| Hitachi Koki Co., Ltd.(a) |
140,700 | 1,516,320 | ||||||
| Hitachi Kokusai Electric, Inc. |
137,000 | 1,369,413 | ||||||
| Hitachi Transport System Ltd. |
86,500 | 1,219,183 | ||||||
| Hokkoku Bank Ltd. (The) |
241,000 | 894,981 | ||||||
| Hokuetsu Kishu Paper Co., Ltd.(a) |
214,500 | 1,072,041 | ||||||
| Hyakugo Bank Ltd. (The) |
202,000 | 949,037 | ||||||
| Hyakujushi Bank Ltd. (The) |
203,000 | 790,796 | ||||||
| IBJ Leasing Co., Ltd. |
56,900 | 1,135,686 | ||||||
| Inaba Denki Sangyo Co., Ltd. |
21,400 | 496,295 | ||||||
| IT Holdings Corp. |
41,400 | 504,208 | ||||||
| Ito En Ltd.(a) |
82,200 | 1,272,939 | ||||||
| Izumi Co., Ltd. |
48,100 | 631,107 | ||||||
| JFE Shoji Holdings, Inc. |
200,000 | 843,322 | ||||||
| Juroku Bank Ltd. (The) |
263,000 | 1,044,232 | ||||||
See Notes to Financial Statements.
| 74 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Kaken Pharmaceutical Co., Ltd. |
154,000 | $ | 1,270,698 | |||||
| Kandenko Co., Ltd. |
129,000 | 820,056 | ||||||
| Keiyo Bank Ltd. (The) |
174,000 | 839,833 | ||||||
| Kiyo Holdings, Inc. |
784,800 | 1,041,473 | ||||||
| Kokuyo Co., Ltd. |
75,500 | 629,436 | ||||||
| Komeri Co., Ltd. |
32,500 | 846,934 | ||||||
| Komori Corp. |
67,800 | 840,970 | ||||||
| Kose Corp.(a) |
34,700 | 815,138 | ||||||
| KUREHA Corp. |
151,000 | 732,053 | ||||||
| Kyowa Exeo Corp. |
85,000 | 702,269 | ||||||
| Lion Corp. |
173,000 | 872,035 | ||||||
| Meitec Corp.(a) |
37,000 | 725,032 | ||||||
| Miraca Holdings, Inc. |
46,600 | 1,421,340 | ||||||
| Miura Co., Ltd. |
42,800 | 1,115,347 | ||||||
| Mochida Pharmaceutical Co., Ltd. |
94,000 | 895,334 | ||||||
| Moshi Moshi Hotline, Inc. |
30,050 | 574,693 | ||||||
| Musashino Bank Ltd. (The) |
30,200 | 867,474 | ||||||
| Nagase & Co., Ltd. |
77,000 | 963,324 | ||||||
| NHK Spring Co., Ltd. |
171,000 | 1,570,184 | ||||||
| Nichirei Corp.(a) |
249,000 | 932,684 | ||||||
| Nidec Sankyo Corp.(a) |
145,000 | 1,283,337 | ||||||
| Nifco, Inc. |
65,700 | 1,511,719 | ||||||
| Nippon Kayaku Co., Ltd. |
172,000 | 1,494,692 | ||||||
| Nippon Paint Co., Ltd. |
190,000 | 1,244,435 | ||||||
| Nippon Shokubai Co., Ltd. |
130,000 | 1,175,621 | ||||||
| Nippon Suisan Kaisha Ltd.(a) |
378,300 | 1,097,167 | ||||||
| Nissin Kogyo Co., Ltd. |
71,900 | 1,174,223 | ||||||
| NOF Corp. |
234,000 | 926,584 | ||||||
| NS Solutions Corp. |
46,100 | 836,253 | ||||||
| Ogaki Kyoritsu Bank Ltd. (The) |
192,000 | 663,699 | ||||||
| Okasan Securities Group, Inc. |
51,000 | 243,975 | ||||||
| Okinawa Electric Power Co., Inc. (The) |
20,400 | 1,065,411 | ||||||
| Okumura Corp.(a) |
232,000 | 811,901 | ||||||
| Onward Holdings Co., Ltd. |
194,000 | 1,513,549 | ||||||
| OSAKA Titanium Technologies Co. |
19,500 | 808,674 | ||||||
| Otsuka Corp. |
15,300 | 972,624 | ||||||
| PanaHome Corp. |
169,000 | 1,128,596 | ||||||
| Park24 Co., Ltd. |
194,300 | 1,987,915 | ||||||
| Plenus Co., Ltd. |
49,700 | 668,588 | ||||||
| Point, Inc. |
25,490 | 1,527,654 | ||||||
| Rengo Co., Ltd. |
155,000 | 912,350 | ||||||
| Resorttrust, Inc. |
70,200 | 1,030,011 | ||||||
| Ryohin Keikaku Co., Ltd. |
15,800 | 667,070 | ||||||
| Ryosan Co., Ltd. |
32,200 | 820,507 | ||||||
| Saibu Gas Co., Ltd. |
644,000 | 1,805,736 | ||||||
| Sangetsu Co., Ltd. |
47,000 | 1,066,856 | ||||||
| Sankyu, Inc. |
226,000 | 1,115,004 | ||||||
| Sanwa Holdings Corp. |
290,000 | 968,322 | ||||||
| Sanyo Shokai Ltd.(a) |
270,000 | 1,025,792 | ||||||
| Seino Holdings Corp. |
140,000 | 997,860 | ||||||
| Shimachu Co., Ltd. |
29,000 | 618,857 | ||||||
| Sohgo Security Services Co., Ltd. |
61,400 | 711,646 | ||||||
| Star Micronics Co., Ltd. |
82,500 | 907,641 | ||||||
| Sumitomo Bakelite Co., Ltd. |
224,000 | 1,284,931 | ||||||
| Investments | Shares | Value | ||||||
| Sumitomo Osaka Cement Co., Ltd. |
446,000 | $ | 773,245 | |||||
| Sumitomo Real Estate Sales Co., Ltd.(a) |
27,930 | 1,213,568 | ||||||
| Sumitomo Warehouse Co., Ltd. (The) |
199,000 | 883,829 | ||||||
| Tadano Ltd.(a) |
144,000 | 779,794 | ||||||
| Taiyo Ink Manufacturing Co., Ltd. |
39,800 | 1,066,984 | ||||||
| Takara Holdings, Inc. |
160,000 | 897,260 | ||||||
| Takasago Thermal Engineering Co., Ltd.(a) |
116,000 | 919,906 | ||||||
| Takefuji Corp.(a) |
237,060 | 1,009,738 | ||||||
| Toagosei Co., Ltd. |
312,000 | 1,325,599 | ||||||
| Toda Corp. |
224,000 | 807,877 | ||||||
| Tokai Carbon Co., Ltd. |
127,000 | 739,383 | ||||||
| Tokai Rika Co., Ltd. |
54,700 | 1,123,387 | ||||||
| Tokai Rubber Industries, Inc. |
87,400 | 1,195,389 | ||||||
| Tokyo Tomin Bank Ltd. (The) |
50,000 | 665,133 | ||||||
| Toppan Forms Co., Ltd. |
70,800 | 781,952 | ||||||
| Toshiba Machine Co., Ltd. |
199,000 | 847,624 | ||||||
| Toyo Corp. |
80,200 | 704,668 | ||||||
| Toyo Ink Manufacturing Co., Ltd. |
295,000 | 1,325,985 | ||||||
| Toyobo Co., Ltd. |
537,000 | 856,303 | ||||||
| Yaskawa Electric Corp. |
129,000 | 1,180,383 | ||||||
| Yokogawa Electric Corp.* |
161,600 | 1,407,774 | ||||||
| Total Japan | 116,506,456 | |||||||
| Netherlands – 3.4% | ||||||||
| Aalberts Industries N.V. |
91,497 | 1,462,132 | ||||||
| Arcadis N.V. |
52,217 | 1,106,454 | ||||||
| BinckBank N.V. |
77,878 | 1,380,434 | ||||||
| Brit Insurance Holdings N.V. |
104,364 | 1,191,281 | ||||||
| CSM |
58,424 | 1,818,230 | ||||||
| Exact Holding N.V. |
34,881 | 932,386 | ||||||
| Grontmij CVA |
24,414 | 545,070 | ||||||
| Kardan N.V.* |
150,582 | 925,647 | ||||||
| Koninklijke BAM Groep N.V.(a) |
146,835 | 1,144,410 | ||||||
| Mediq N.V. |
44,192 | 816,218 | ||||||
| Nutreco Holding N.V. |
28,978 | 1,829,152 | ||||||
| Sligro Food Group N.V. |
26,733 | 892,735 | ||||||
| TKH Group N.V. |
32,020 | 669,391 | ||||||
| Total Netherlands | 14,713,540 | |||||||
| New Zealand – 2.1% | ||||||||
| Auckland International Airport Ltd.(a) |
757,870 | 1,043,228 | ||||||
| Fisher & Paykel Healthcare Corp., Ltd. |
672,185 | 1,564,392 | ||||||
| Freightways Ltd. |
177,286 | 397,507 | ||||||
| Infratil Ltd. |
496,010 | 605,344 | ||||||
| Mainfreight Ltd. |
207,838 | 934,969 | ||||||
| Sky City Entertainment Group Ltd. |
651,326 | 1,488,118 | ||||||
| Sky Network Television Ltd. |
240,684 | 911,951 | ||||||
| Tower Ltd. |
205,620 | 288,877 | ||||||
| Vector Ltd. |
830,609 | 1,249,440 | ||||||
| Warehouse Group Ltd. (The) |
184,208 | 490,143 | ||||||
| Total New Zealand | 8,973,969 | |||||||
| Norway – 0.8% | ||||||||
| Kongsberg Gruppen AS |
63,575 | 1,167,457 | ||||||
| Sparebank 1 SMN(a) |
112,927 | 913,202 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 75 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Veidekke ASA |
164,341 | $ | 1,342,814 | |||||
| Total Norway | 3,423,473 | |||||||
| Portugal – 1.2% | ||||||||
| BANIF SGPS S.A. |
533,164 | 815,209 | ||||||
| Mota Engil, SGPS, S.A.(a) |
191,240 | 839,181 | ||||||
| Portucel Empresa Produtora de Pasta e Papel S.A.*(a) |
304,174 | 868,429 | ||||||
| REN – Redes Energeticas Nacionais S.A.(a) |
401,582 | 1,662,744 | ||||||
| Semapa-Sociedade de Investimento e Gestao |
105,277 | 1,118,234 | ||||||
| Total Portugal | 5,303,797 | |||||||
| Singapore – 6.1% | ||||||||
| Allgreen Properties Ltd. |
1,266,000 | 1,077,601 | ||||||
| Cityspring Infrastructure Trust |
1,428,237 | 618,063 | ||||||
| CSE Global Ltd. |
1,617,000 | 1,145,045 | ||||||
| First Ship Lease Trust |
2,440,000 | 1,073,352 | ||||||
| Goodpack Ltd. |
491,000 | 614,606 | ||||||
| Guocoland Ltd. |
559,102 | 951,799 | ||||||
| Hi-P International Ltd. |
844,000 | 383,348 | ||||||
| Ho Bee Investment Ltd. |
159,000 | 204,714 | ||||||
| Hong Leong Asia Ltd. |
683,000 | 2,217,961 | ||||||
| Hyflux Ltd.(a) |
449,000 | 1,091,950 | ||||||
| Jaya Holdings Ltd.(a) |
3,015,000 | 1,444,905 | ||||||
| K1 Ventures Ltd. |
5,559,000 | 675,963 | ||||||
| Kim Eng Holdings Ltd. |
419,000 | 605,400 | ||||||
| KS Energy Services Ltd.(a) |
642,000 | 596,974 | ||||||
| MobileOne Ltd. |
1,087,800 | 1,618,414 | ||||||
| Pacific Century Regional Developments Ltd. |
3,279,000 | 457,355 | ||||||
| Singapore Airport Terminal Services Ltd. |
759,000 | 1,438,683 | ||||||
| Singapore Post Ltd. |
2,236,000 | 1,679,339 | ||||||
| Straits Asia Resources Ltd.(a) |
1,422,000 | 2,197,003 | ||||||
| Tat Hong Holdings Ltd.(a) |
1,271,000 | 790,937 | ||||||
| United Engineers Ltd. |
619,000 | 1,013,919 | ||||||
| UOB-Kay Hian Holdings Ltd. |
562,000 | 679,361 | ||||||
| Venture Corp., Ltd. |
367,000 | 2,289,074 | ||||||
| Wing Tai Holdings Ltd. |
855,000 | 1,106,935 | ||||||
| Total Singapore | 25,972,701 | |||||||
| Spain – 1.4% | ||||||||
| Campofrio Food Group S.A.* |
64,670 | 610,784 | ||||||
| Duro Felguera S.A. |
94,901 | 1,014,443 | ||||||
| FAES FARMA S.A. |
71,711 | 331,365 | ||||||
| FAES FARMA S.A.*(c) |
5,975 | 27,609 | ||||||
| La Seda de Barcelona S.A. Class B*†(a) |
160,685 | — | ||||||
| NH Hoteles S.A.*(a) |
252,934 | 1,079,783 | ||||||
| Sol Melia S.A. |
127,584 | 1,099,678 | ||||||
| Tubacex S.A. |
190,152 | 762,878 | ||||||
| Viscofan S.A. |
44,781 | 1,177,931 | ||||||
| Total Spain | 6,104,471 | |||||||
| Sweden – 5.3% | ||||||||
| AarhusKarlshamn AB |
42,444 | 1,155,902 | ||||||
| Axfood AB(a) |
42,455 | 1,250,585 | ||||||
| Cardo AB |
25,226 | 888,536 | ||||||
| Castellum AB(a) |
179,062 | 1,810,027 | ||||||
| Investments | Shares | Value | ||||||
| Clas Ohlson AB Class B |
70,977 | $ | 1,296,856 | |||||
| Elekta AB Class B |
28,912 | 811,480 | ||||||
| Fabege AB(a) |
239,027 | 1,620,747 | ||||||
| Intrum Justitia AB(a) |
82,720 | 1,051,672 | ||||||
| KappAhl AB |
225,754 | 2,164,378 | ||||||
| Kungsleden AB |
133,621 | 1,053,632 | ||||||
| Loomis AB Class B |
59,255 | 765,696 | ||||||
| Mekonomen AB |
39,238 | 880,497 | ||||||
| NCC AB Class B |
79,905 | 1,398,920 | ||||||
| Nordnet AB Class B |
61,634 | 206,389 | ||||||
| Peab AB |
345,747 | 2,132,995 | ||||||
| Saab AB Class B |
64,589 | 987,188 | ||||||
| SkiStar AB |
22,029 | 420,868 | ||||||
| SSAB AB Class B(a) |
63,522 | 1,034,428 | ||||||
| Svenska Handelsbanken AB Class B |
26,216 | 764,952 | ||||||
| Wihlborgs Fastigheter AB |
58,946 | 1,249,029 | ||||||
| Total Sweden | 22,944,777 | |||||||
| Switzerland – 0.2% | ||||||||
| Bucher Industries AG |
7,502 | 1,019,226 | ||||||
| United Kingdom – 16.6% | ||||||||
| Arriva PLC |
156,079 | 1,735,424 | ||||||
| Ashtead Group PLC |
519,242 | 751,801 | ||||||
| Atkins WS PLC |
87,575 | 823,624 | ||||||
| BBA Aviation PLC |
370,182 | 1,093,298 | ||||||
| Bloomsbury Publishing PLC |
119,792 | 207,152 | ||||||
| BlueBay Asset Management PLC |
148,405 | 811,092 | ||||||
| Bodycote PLC |
278,651 | 888,063 | ||||||
| Brewin Dolphin Holdings PLC |
386,967 | 852,310 | ||||||
| Britvic PLC |
178,906 | 1,259,215 | ||||||
| Carpetright PLC |
69,873 | 847,923 | ||||||
| Chaucer Holdings PLC |
1,617,190 | 1,202,027 | ||||||
| Chemring Group PLC |
11,684 | 586,824 | ||||||
| Cineworld Group PLC |
295,016 | 837,962 | ||||||
| Computacenter PLC |
184,820 | 860,685 | ||||||
| Croda International PLC |
75,041 | 1,066,585 | ||||||
| Dairy Crest Group PLC |
168,647 | 951,141 | ||||||
| Davis Service Group PLC |
187,975 | 1,205,854 | ||||||
| De La Rue PLC |
68,479 | 962,410 | ||||||
| DS Smith PLC |
706,615 | 1,444,874 | ||||||
| Electrocomponents PLC |
739,557 | 2,468,036 | ||||||
| Euromoney Institutional Investor PLC |
128,108 | 1,010,501 | ||||||
| Evolution Group PLC |
118,275 | 227,404 | ||||||
| F&C Asset Management PLC |
918,031 | 866,173 | ||||||
| Filtrona PLC |
265,488 | 878,733 | ||||||
| Forth Ports PLC |
18,203 | 383,257 | ||||||
| Game Group PLC |
228,904 | 341,148 | ||||||
| Go-Ahead Group PLC |
37,328 | 794,419 | ||||||
| Greggs PLC |
109,084 | 805,009 | ||||||
| Halfords Group PLC |
185,743 | 1,331,286 | ||||||
| Halma PLC |
255,386 | 977,011 | ||||||
| Hill & Smith Holdings PLC |
41,589 | 217,333 | ||||||
| HMV Group PLC(a) |
504,273 | 646,750 | ||||||
| Homeserve PLC |
25,978 | 706,156 | ||||||
See Notes to Financial Statements.
| 76 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International SmallCap Dividend Fund (DLS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Hunting PLC |
147,608 | $ | 1,378,145 | |||||
| IG Group Holdings PLC |
269,989 | 1,647,196 | ||||||
| Intermediate Capital Group PLC |
363,405 | 1,493,885 | ||||||
| Interserve PLC |
218,246 | 717,567 | ||||||
| ITE Group PLC |
301,904 | 656,254 | ||||||
| Jardine Lloyd Thompson Group PLC |
171,191 | 1,441,222 | ||||||
| Keller Group PLC |
49,086 | 503,340 | ||||||
| Kesa Electricals PLC |
433,386 | 834,245 | ||||||
| Kier Group PLC |
45,509 | 759,359 | ||||||
| Laird PLC |
276,680 | 516,646 | ||||||
| Marshalls PLC |
436,362 | 589,107 | ||||||
| Marston’s PLC |
553,448 | 769,845 | ||||||
| Melrose PLC |
533,566 | 1,782,225 | ||||||
| Michael Page International PLC |
194,291 | 1,178,880 | ||||||
| Micro Focus International PLC |
122,939 | 935,228 | ||||||
| Millennium & Copthorne Hotels PLC |
130,792 | 962,431 | ||||||
| Mitie Group PLC |
187,712 | 651,201 | ||||||
| Mondi PLC |
270,617 | 1,905,126 | ||||||
| Moneysupermarket.com Group PLC |
522,970 | 539,440 | ||||||
| Morgan Crucible Co. PLC |
393,426 | 1,215,657 | ||||||
| Morgan Sindall PLC |
61,855 | 511,362 | ||||||
| Mothercare PLC |
71,300 | 649,471 | ||||||
| N. Brown Group PLC |
211,672 | 702,535 | ||||||
| National Express Group PLC |
314,973 | 1,094,122 | ||||||
| Northern Foods PLC |
803,107 | 709,012 | ||||||
| PayPoint PLC |
65,714 | 348,886 | ||||||
| Premier Farnell PLC |
424,474 | 1,452,604 | ||||||
| PV Crystalox Solar PLC |
465,927 | 339,247 | ||||||
| PZ Cussons PLC |
238,412 | 984,766 | ||||||
| Renishaw PLC |
76,824 | 761,552 | ||||||
| Restaurant Group PLC |
204,051 | 721,193 | ||||||
| Rightmove PLC |
65,301 | 667,632 | ||||||
| Rotork PLC |
39,569 | 842,112 | ||||||
| Schroders PLC |
57,512 | 1,000,643 | ||||||
| Severfield-Rowen PLC |
203,900 | 609,313 | ||||||
| Shaftesbury PLC |
112,446 | 656,010 | ||||||
| Spectris PLC |
81,460 | 1,022,515 | ||||||
| Spirax-Sarco Engineering PLC |
53,596 | 1,140,636 | ||||||
| St. James’s Place PLC |
194,804 | 769,773 | ||||||
| Sthree PLC |
189,028 | 974,905 | ||||||
| Tullett Prebon PLC |
187,647 | 995,393 | ||||||
| Ultra Electronics Holdings PLC |
25,358 | 577,368 | ||||||
| Victrex PLC |
46,201 | 617,075 | ||||||
| VT Group PLC(a) |
78,499 | 893,064 | ||||||
| WH Smith PLC |
111,937 | 825,045 | ||||||
| Wincanton PLC |
202,437 | 617,992 | ||||||
| Workspace Group PLC |
637,075 | 231,931 | ||||||
| Total United Kingdom | 71,234,636 | |||||||
| TOTAL COMMON STOCKS (Cost: $409,881,028) |
423,533,448 | |||||||
| Investments | Shares | Value | ||||||
| SHORT-TERM INVESTMENT – 1.1% | ||||||||
| MONEY MARKET FUND – 1.1% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(d) |
||||||||
| (Cost: $4,572,583) | 4,572,583 | $ | 4,572,583 | |||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 14.8% | ||||||||
| MONEY MARKET FUND – 14.8% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(e) |
||||||||
| (Cost: $63,580,513)(f) | 63,580,513 | 63,580,513 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 114.4% (Cost: $478,034,124) |
491,686,544 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (14.4)% |
(61,816,323 | ) | ||||||
| NET ASSETS – 100.0% | $ | 429,870,221 | ||||||
RSP – Risparmio Italian Savings Shares
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0% of net assets. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (c) | A bonus share security is booked under an unlisted line that will assimilate into an ordinary line on a later date not currently disclosed. |
| (d) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (e) | Interest rate shown reflects yield as of March 31, 2010. |
| (f) | At March 31, 2010, the total market value of the Fund’s securities on loan was $58,859,877 and the total market value of the collateral held by the Fund was $63,580,513. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 77 |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets Equity Income Fund (DEM)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.2% | ||||||||
| Argentina – 0.1% | ||||||||
| Petrobras Energia S.A. ADR |
38,216 | $ | 637,443 | |||||
| Brazil – 12.2% | ||||||||
| AES Tiete S.A. |
167,992 | 1,644,433 | ||||||
| Banco do Brasil S.A. |
1,125,400 | 18,753,514 | ||||||
| Cia de Saneamento Basico do Estado de Sao Paulo |
105,400 | 1,904,606 | ||||||
| Cia Energetica de Minas Gerais |
162,532 | 2,094,602 | ||||||
| Cia Siderurgica Nacional S.A. |
718,200 | 14,261,785 | ||||||
| CPFL Energia S.A. |
305,698 | 6,113,275 | ||||||
| EDP – Energias do Brasil S.A. |
74,600 | 1,426,625 | ||||||
| Equatorial Energia S.A. |
105,000 | 920,155 | ||||||
| Iochpe Maxion S.A. |
44,200 | 687,258 | ||||||
| Light S.A. |
263,755 | 3,573,483 | ||||||
| Positivo Informatica S.A. |
30,800 | 306,844 | ||||||
| Redecard S.A. |
256,000 | 4,719,225 | ||||||
| Souza Cruz S.A. |
172,820 | 6,021,151 | ||||||
| Tractebel Energia S.A. |
325,498 | 3,620,292 | ||||||
| Total Brazil | 66,047,248 | |||||||
| Chile – 2.4% | ||||||||
| Banco de Chile |
38,904,491 | 3,715,110 | ||||||
| Banco Santander Chile |
72,456,484 | 4,756,790 | ||||||
| CorpBanca S.A. |
141,244,886 | 1,184,331 | ||||||
| Lan Airlines S.A. |
131,037 | 2,324,805 | ||||||
| Madeco S.A.* |
17,262,359 | 1,029,656 | ||||||
| Total Chile | 13,010,692 | |||||||
| China – 0.5% | ||||||||
| Jiangsu Expressway Co., Ltd. Class H |
562,000 | 530,537 | ||||||
| Shanghai Forte Land Co. Class H |
1,578,000 | 497,907 | ||||||
| Zhejiang Expressway Co., Ltd. Class H |
1,964,000 | 1,773,107 | ||||||
| Total China | 2,801,551 | |||||||
| Czech Republic – 4.5% | ||||||||
| CEZ AS |
237,214 | 11,217,046 | ||||||
| Komercni Banka AS |
21,339 | 4,335,047 | ||||||
| Telefonica O2 Czech Republic AS |
291,421 | 6,812,564 | ||||||
| Unipetrol A.S.* |
226,663 | 1,957,748 | ||||||
| Total Czech Republic | 24,322,405 | |||||||
| Hungary – 0.8% | ||||||||
| Magyar Telekom Telecommunications PLC |
1,038,833 | 4,242,218 | ||||||
| Indonesia – 1.3% | ||||||||
| Aneka Tambang Tbk PT |
8,378,500 | 2,209,836 | ||||||
| Astra Agro Lestari Tbk PT |
757,000 | 2,046,508 | ||||||
| Berlian Laju Tanker Tbk PT |
2,282,594 | 158,034 | ||||||
| Indo Tambangraya Megah PT |
582,200 | 2,434,498 | ||||||
| Total Indonesia | 6,848,876 | |||||||
| Israel – 6.0% | ||||||||
| Bezeq Israeli Telecommunication Corp., Ltd. |
1,860,624 | 5,283,331 | ||||||
| Clal Industries and Investments Ltd. |
82,972 | 570,478 | ||||||
| Discount Investment Corp. |
211,754 | 5,903,949 | ||||||
| Elbit Imaging Ltd.* |
19,501 | 444,470 | ||||||
| Investments | Shares | Value | ||||||
| Gazit-Globe Ltd. |
54,481 | $ | 571,908 | |||||
| Israel Chemicals Ltd. |
825,114 | 11,167,544 | ||||||
| Israel Discount Bank Ltd. Class A* |
419,399 | 959,307 | ||||||
| Koor Industries Ltd. |
37,322 | 1,037,550 | ||||||
| Oil Refineries Ltd. |
955,923 | 556,851 | ||||||
| Partner Communications Co., Ltd. |
114,450 | 2,571,388 | ||||||
| Shufersal Ltd. |
359,925 | 2,122,966 | ||||||
| Strauss Group Ltd. |
82,758 | 1,261,224 | ||||||
| Total Israel | 32,450,966 | |||||||
| Malaysia – 5.9% | ||||||||
| Berjaya Sports Toto Bhd |
624,378 | 857,515 | ||||||
| British American Tobacco Malaysia Bhd |
136,200 | 1,843,001 | ||||||
| Gamuda Bhd |
1,045,700 | 929,653 | ||||||
| Kuala Lumpur Kepong Bhd |
515,200 | 2,634,438 | ||||||
| Lafarge Malayan Cement Bhd |
366,400 | 713,256 | ||||||
| Malaysian Bulk Carriers Bhd |
997,900 | 972,815 | ||||||
| Petronas Dagangan Bhd |
449,100 | 1,245,970 | ||||||
| Petronas Gas Bhd |
845,700 | 2,540,729 | ||||||
| Public Bank Bhd |
1,808,235 | 6,452,439 | ||||||
| Sime Darby Bhd |
2,711,700 | 7,240,621 | ||||||
| Telekom Malaysia Bhd |
2,712,500 | 2,860,515 | ||||||
| UMW Holdings Bhd |
566,800 | 1,103,366 | ||||||
| YTL Power International Bhd |
3,376,465 | 2,266,848 | ||||||
| Total Malaysia | 31,661,166 | |||||||
| Mexico – 0.9% | ||||||||
| Grupo Aeroportuario del Centro Norte S.A.B de C.V. |
200,800 | 381,227 | ||||||
| Grupo Aeroportuario del Pacifico S.A.B de C.V. Class B |
281,300 | 1,048,263 | ||||||
| Grupo Aeroportuario del Sureste S.A.B de C.V. Class B |
155,900 | 827,613 | ||||||
| Kimberly-Clark de Mexico S.A.B de C.V. Class A |
485,296 | 2,752,252 | ||||||
| Total Mexico | 5,009,355 | |||||||
| Philippines – 1.7% | ||||||||
| Globe Telecom, Inc. |
80,218 | 1,775,127 | ||||||
| Philippine Long Distance Telephone Co. |
134,868 | 7,222,407 | ||||||
| Total Philippines | 8,997,534 | |||||||
| Poland – 1.9% | ||||||||
| Cyfrowy Polsat S.A. |
120,952 | 661,334 | ||||||
| Polskie Gornictwo Naftowe I Gazownictwo S.A. |
2,144,643 | 2,751,181 | ||||||
| Telekomunikacja Polska S.A. |
1,071,196 | 6,086,042 | ||||||
| TVN S.A. |
143,079 | 902,675 | ||||||
| Total Poland | 10,401,232 | |||||||
| Russia – 2.5% | ||||||||
| Mechel ADR* |
481,903 | 13,695,683 | ||||||
| South Africa – 13.9% | ||||||||
| ABSA Group Ltd. |
316,855 | 6,139,539 | ||||||
| Aeci Ltd. |
62,329 | 548,693 | ||||||
| African Bank Investments Ltd. |
535,707 | 2,596,854 | ||||||
| ArcelorMittal South Africa Ltd.* |
275,348 | 3,470,368 | ||||||
| Astral Foods Ltd. |
27,299 | 421,903 | ||||||
See Notes to Financial Statements.
| 78 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Equity Income Fund (DEM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Barloworld Ltd. |
114,241 | $ | 766,745 | |||||
| FirstRand Ltd. |
2,432,422 | 6,690,531 | ||||||
| Foschini Ltd. |
117,665 | 1,073,476 | ||||||
| Grindrod Ltd. |
386,976 | 806,732 | ||||||
| Impala Platinum Holdings Ltd. |
406,223 | 11,837,189 | ||||||
| Imperial Holdings Ltd. |
98,471 | 1,344,734 | ||||||
| Investec Ltd. |
144,816 | 1,232,246 | ||||||
| Kumba Iron Ore Ltd.(a) |
293,071 | 14,082,988 | ||||||
| Lewis Group Ltd. |
55,049 | 423,514 | ||||||
| Massmart Holdings Ltd. |
84,493 | 1,248,420 | ||||||
| Metropolitan Holdings Ltd. |
390,679 | 897,972 | ||||||
| Nedbank Group Ltd.(a) |
248,765 | 4,742,285 | ||||||
| Pretoria Portland Cement Co., Ltd. |
406,857 | 1,894,690 | ||||||
| Reunert Ltd. |
125,238 | 988,916 | ||||||
| RMB Holdings Ltd. |
561,161 | 2,473,435 | ||||||
| Sanlam Ltd. |
1,021,364 | 3,458,809 | ||||||
| Santam Ltd. |
49,402 | 689,171 | ||||||
| Telkom S.A. Ltd. |
812,756 | 3,779,385 | ||||||
| Tiger Brands Ltd. |
76,424 | 1,908,532 | ||||||
| Woolworths Holdings Ltd. |
502,441 | 1,541,404 | ||||||
| Total South Africa | 75,058,531 | |||||||
| South Korea – 2.2% | ||||||||
| Daehan Steel Co., Ltd. |
48,302 | 531,495 | ||||||
| Daishin Securities Co., Ltd.* |
33,330 | 463,960 | ||||||
| Seah Besteel Corp. |
15,668 | 227,102 | ||||||
| SK Telecom Co., Ltd. ADR |
270,261 | 4,664,705 | ||||||
| SK Telecom Co., Ltd. |
5,404 | 828,666 | ||||||
| S-Oil Corp. |
80,371 | 4,048,917 | ||||||
| Woori Investment & Securities Co., Ltd.* |
77,050 | 1,069,146 | ||||||
| Total South Korea | 11,833,991 | |||||||
| Taiwan – 32.6% | ||||||||
| Ability Enterprise Co., Ltd. |
306,001 | 508,749 | ||||||
| AcBel Polytech, Inc. |
190,918 | 160,812 | ||||||
| Acer, Inc. |
1,230,280 | 3,633,738 | ||||||
| Advanced Semiconductor Engineering, Inc. |
4,359,000 | 3,980,446 | ||||||
| Advantech Co., Ltd. |
349,554 | 746,261 | ||||||
| Alpha Networks, Inc. |
316,069 | 299,070 | ||||||
| Altek Corp. |
188,770 | 332,270 | ||||||
| Asia Cement Corp. |
1,602,624 | 1,564,373 | ||||||
| Asia Optical Co., Inc. |
181,474 | 363,428 | ||||||
| AU Optronics Corp. |
5,262,390 | 5,981,872 | ||||||
| Avermedia Technologies, Inc. |
91,460 | 127,580 | ||||||
| Chang Hwa Commercial Bank |
2,434,000 | 1,103,646 | ||||||
| China Steel Chemical Corp. |
137,050 | 386,233 | ||||||
| China Steel Corp. |
12,277,240 | 12,699,393 | ||||||
| China Synthetic Rubber Corp. |
290,184 | 289,654 | ||||||
| Chinese Maritime Transport Ltd. |
138,218 | 356,012 | ||||||
| Chroma ATE, Inc. |
275,389 | 598,332 | ||||||
| Chung Hsin Electric & Machinery Manufacturing Corp. |
298,000 | 174,063 | ||||||
| Chung Hwa Pulp Corp. |
587,000 | 311,448 | ||||||
| Chunghwa Picture Tubes* |
7,979,000 | 912,015 | ||||||
| Chunghwa Telecom Co., Ltd. |
5,252,060 | 10,269,945 | ||||||
| Investments | Shares | Value | ||||||
| Compal Communications, Inc. |
715,647 | $ | 728,987 | |||||
| Compal Electronics, Inc. |
2,917,173 | 3,816,630 | ||||||
| Continental Engineering Corp. |
725,000 | 283,078 | ||||||
| CTCI Corp. |
339,992 | 354,894 | ||||||
| Delta Electronics, Inc. |
1,378,823 | 4,363,364 | ||||||
| Depo Auto Parts Industries Co., Ltd. |
121,000 | 296,042 | ||||||
| D-Link Corp. |
474,368 | 489,932 | ||||||
| Far EasTone Telecommunications Co., Ltd. |
2,160,209 | 2,584,796 | ||||||
| Faraday Technology Corp. |
221,708 | 411,889 | ||||||
| Feng Hsin Iron & Steel Co. |
288,000 | 487,890 | ||||||
| First Financial Holding Co., Ltd. |
4,540,675 | 2,494,955 | ||||||
| Formosa Chemicals & Fibre Corp. |
6,533,750 | 15,286,152 | ||||||
| Formosa Petrochemical Corp. |
6,778,250 | 17,864,460 | ||||||
| Formosa Plastics Corp. |
5,542,140 | 12,215,813 | ||||||
| Formosa Taffeta Co., Ltd. |
2,028,000 | 1,615,606 | ||||||
| Fortune Electric Co., Ltd. |
103,739 | 90,157 | ||||||
| Gemtek Technology Corp. |
118,544 | 191,862 | ||||||
| GeoVision, Inc. |
26,000 | 106,430 | ||||||
| Getac Technology Corp. |
326,182 | 268,583 | ||||||
| Greatek Electronics, Inc. |
448,540 | 461,845 | ||||||
| HannStar Display Corp.* |
5,183,000 | 1,142,421 | ||||||
| Holtek Semiconductor, Inc. |
182,654 | 260,828 | ||||||
| Holystone Enterprise Co., Ltd. |
219,498 | 351,108 | ||||||
| Hsin Kuang Steel Co., Ltd. |
153,935 | 168,195 | ||||||
| Huaku Development Co., Ltd. |
109,000 | 282,814 | ||||||
| Hung Poo Real Estate Development Corp. |
142,000 | 188,242 | ||||||
| Inventec Appliances Corp. |
599,224 | 543,411 | ||||||
| Inventec Co., Ltd. |
1,619,630 | 925,634 | ||||||
| Kinsus Interconnect Technology Corp. |
257,515 | 674,641 | ||||||
| KYE Systems Corp. |
287,275 | 286,750 | ||||||
| LEE Chang Yung Chem Industries Corp. |
593,357 | 700,639 | ||||||
| LITE-ON IT Corp. |
523,619 | 566,355 | ||||||
| Lite-On Technology Corp. |
1,946,579 | 2,583,548 | ||||||
| Macronix International |
1,886,626 | 1,247,533 | ||||||
| Mega Financial Holding Co., Ltd. |
8,063,000 | 4,671,554 | ||||||
| Merida Industry Co., Ltd. |
98,350 | 149,888 | ||||||
| Mitac International |
1,250,758 | 575,007 | ||||||
| Nan Ya Plastics Corp. |
9,991,340 | 20,386,637 | ||||||
| Nan Ya Printed Circuit Board Corp. |
756,880 | 3,002,925 | ||||||
| Novatek Microelectronics Corp., Ltd. |
522,705 | 1,629,441 | ||||||
| Oriental Union Chemical Corp. |
753,000 | 629,515 | ||||||
| Powertech Technology, Inc. |
287,000 | 1,025,710 | ||||||
| Quanta Computer, Inc. |
1,936,990 | 3,757,119 | ||||||
| Radiant Opto-Electronics Corp. |
285,211 | 393,806 | ||||||
| Shih Wei Navigation Co., Ltd. |
310,901 | 401,377 | ||||||
| Siliconware Precision Industries Co. |
3,076,130 | 3,709,798 | ||||||
| Silitech Technology Corp. |
85,641 | 312,814 | ||||||
| Sincere Navigation |
403,325 | 512,443 | ||||||
| Sonix Technology Co., Ltd. |
96,716 | 244,546 | ||||||
| Star Travel Taiwan Co., Ltd.*† |
58,589 | — | ||||||
| Taiwan Cement Corp. |
1,681,000 | 1,585,300 | ||||||
| Taiwan Secom Co., Ltd. |
294,000 | 470,282 | ||||||
| Teco Electric and Machinery Co., Ltd. |
1,252,000 | 549,953 | ||||||
| Ton Yi Industrial Corp. |
834,000 | 326,951 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 79 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets Equity Income Fund (DEM)
March 31, 2010
| Investments | Shares | Value | ||||||
| Tsann Kuen Enterprise Co., Ltd. |
55,837 | $ | 99,866 | |||||
| TSRC Corp. |
655,000 | 872,426 | ||||||
| Tung Ho Steel Enterprise Corp. |
804,243 | 912,934 | ||||||
| U-Ming Marine Transport Corp. |
929,000 | 1,883,859 | ||||||
| Unimicron Technology Corp. |
785,670 | 1,008,126 | ||||||
| Uni-President Enterprises Corp. |
1,840,717 | 2,095,281 | ||||||
| United Microelectronics Corp.* |
7,753,000 | 4,113,548 | ||||||
| Universal Scientific Industrial Co., Ltd. |
1,088,486 | 695,770 | ||||||
| Wah Lee Industrial Corp. |
212,079 | 289,156 | ||||||
| Yang Ming Marine Transport Corp. |
1,588,571 | 595,251 | ||||||
| Yeun Chyang Industrial Co., Ltd. |
204,361 | 178,570 | ||||||
| Yungtay Engineering Co., Ltd. |
149,716 | 123,986 | ||||||
| Total Taiwan | 176,338,663 | |||||||
| Thailand – 4.6% | ||||||||
| Advanced Info Service PCL |
1,751,090 | 4,670,837 | ||||||
| Airports of Thailand PCL* |
1,107,300 | 1,309,857 | ||||||
| Asian Property Development PCL |
866,700 | 140,720 | ||||||
| Bangkok Expressway PCL |
498,088 | 315,782 | ||||||
| BEC World PCL |
995,700 | 763,673 | ||||||
| Electricity Generating PCL |
296,098 | 732,576 | ||||||
| Esso Thailand PCL |
2,027,613 | 454,622 | ||||||
| Glow Energy PCL |
668,400 | 795,837 | ||||||
| Kiatnakin Bank PCL |
509,198 | 433,058 | ||||||
| Kim Eng Securities Thailand PCL |
196,500 | 71,709 | ||||||
| Krung Thai Bank PCL |
4,732,900 | 1,785,724 | ||||||
| Precious Shipping PCL |
1,335,296 | 780,488 | ||||||
| PTT Chemical PCL |
864,700 | 2,540,482 | ||||||
| Quality Houses PCL |
3,362,500 | 251,655 | ||||||
| Ratchaburi Electricity Generating Holding PCL |
711,596 | 797,753 | ||||||
| Siam Cement PCL |
511,696 | 4,066,982 | ||||||
| Siam City Bank PCL |
763,200 | 743,492 | ||||||
| Thai Oil PCL |
1,213,694 | 1,876,750 | ||||||
| Thai Union Frozen Products PCL |
422,384 | 493,119 | ||||||
| Thanachart Capital PCL |
806,300 | 618,408 | ||||||
| Tisco Financial Group PCL |
285,482 | 238,380 | ||||||
| Total Access Communication PCL |
889,600 | 1,031,699 | ||||||
| Total Thailand | 24,913,603 | |||||||
| Turkey – 5.2% | ||||||||
| Anadolu Hayat Emeklilik A.S. |
134,754 | 400,137 | ||||||
| Anadolu Sigorta |
353,923 | 316,210 | ||||||
| Arcelik A.S. |
350,907 | 1,417,736 | ||||||
| Dogus Otomotiv Servis ve Ticaret A.S.* |
65,694 | 254,628 | ||||||
| EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. |
341,251 | 627,712 | ||||||
| Ford Otomotiv Sanayi A.S. |
376,989 | 2,724,267 | ||||||
| Tupras Turkiye Petrol Rafine |
245,322 | 5,560,116 | ||||||
| Turcas Petrolculuk A.S. |
47,328 | 151,728 | ||||||
| Turk Hava Yollari |
412,839 | 1,410,303 | ||||||
| Turk Telekomunikasyon A.S. |
2,535,756 | 8,495,832 | ||||||
| Investments | Shares | Value | ||||||
| Turkcell Iletisim Hizmet A.S. |
1,017,856 | $ | 6,185,237 | |||||
| Vestel Beyaz Esya Sanayi ve Ticaret A.S. |
209,556 | 627,759 | ||||||
| Total Turkey | 28,171,665 | |||||||
| TOTAL COMMON STOCKS (Cost: $450,462,988) |
536,442,822 | |||||||
| WARRANTS – 0.0% | ||||||||
| Thailand – 0.0% | ||||||||
| Ticon Industrial Connection PCL, expiring 1/22/14* |
||||||||
| (Cost: $0) | 69,333 | 1,651 | ||||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $450,462,988) |
536,444,473 | |||||||
| SHORT-TERM INVESTMENT – 0.2% | ||||||||
| MONEY MARKET FUND – 0.2% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $1,171,962) | 1,171,962 | 1,171,962 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.1% | ||||||||
| MONEY MARKET FUND – 1.1% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $6,134,049)(d) | 6,134,049 | 6,134,049 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.5% (Cost: $457,768,999) |
543,750,484 | |||||||
| Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.5)% |
(2,760,891 | ) | ||||||
| NET ASSETS – 100.0% | $ | 540,989,593 | ||||||
ADR – American Depositary Receipt.
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0% of net assets. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $5,911,721 and the total market value of the collateral held by the Fund was $6,134,049. |
See Notes to Financial Statements.
| 80 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.3% | ||||||||
| Argentina – 0.3% | ||||||||
| Petrobras Energia S.A. ADR*(a) |
63,157 | $ | 1,053,459 | |||||
| Brazil – 5.5% | ||||||||
| AES Tiete S.A. |
331,900 | 3,248,889 | ||||||
| American Banknote S.A. |
15,500 | 145,386 | ||||||
| Amil Participacoes S.A. |
88,500 | 684,317 | ||||||
| Brookfield Incorporacoes S.A. |
161,200 | 713,554 | ||||||
| Cia de Saneamento de Minas Gerais-COPASA |
83,522 | 1,188,692 | ||||||
| Cia Paranaense de Energia |
44,900 | 935,888 | ||||||
| Drogasil S.A. |
10,268 | 160,461 | ||||||
| Equatorial Energia S.A. |
187,800 | 1,645,762 | ||||||
| Estacio Participacoes S.A. |
8,600 | 104,085 | ||||||
| Gafisa S.A. |
47,700 | 323,399 | ||||||
| Industrias Romi S.A. |
53,835 | 372,535 | ||||||
| Iochpe Maxion S.A. |
91,200 | 1,418,054 | ||||||
| Localiza Rent A Car S.A. |
45,900 | 480,938 | ||||||
| Log-In Logistica Intermodal S.A.* |
44,600 | 205,170 | ||||||
| Lojas Renner S.A. |
29,300 | 671,140 | ||||||
| M Dias Branco S.A. |
17,297 | 421,594 | ||||||
| MRV Engenharia e Participacoes S.A. |
90,600 | 634,560 | ||||||
| Obrascon Huarte Lain Brasil S.A. |
45,962 | 1,054,857 | ||||||
| Odontoprev S.A. |
9,600 | 332,157 | ||||||
| PDG Realty S.A. Empreendimentos e Participacoes |
61,200 | 510,257 | ||||||
| Porto Seguro S.A. |
80,700 | 804,875 | ||||||
| Positivo Informatica S.A. |
57,500 | 572,841 | ||||||
| Rossi Residencial S.A. |
73,700 | 507,934 | ||||||
| Totvs S.A. |
13,340 | 798,292 | ||||||
| Transmissora Alianca de Energia Eletrica S.A. |
38,800 | 833,960 | ||||||
| Total Brazil | 18,769,597 | |||||||
| Chile – 2.3% | ||||||||
| Cia Cervecerias Unidas S.A. |
167,011 | 1,247,546 | ||||||
| CorpBanca S.A. |
316,715,860 | 2,655,645 | ||||||
| Empresas La Polar S.A. |
115,432 | 635,728 | ||||||
| Inversiones Aguas Metropolitanas S.A. |
740,709 | 916,799 | ||||||
| Madeco S.A. |
32,379,413 | 1,931,350 | ||||||
| Ripley Corp. S.A. |
179,266 | 149,972 | ||||||
| Sonda S.A. |
308,649 | 479,369 | ||||||
| Total Chile | 8,016,409 | |||||||
| China – 3.9% | ||||||||
| Anhui Expressway Co. Class H* |
1,232,030 | 840,954 | ||||||
| Beijing Capital Land Ltd. Class H |
1,876,000 | 736,899 | ||||||
| China Oilfield Services Ltd. Class H |
698,000 | 1,024,792 | ||||||
| China Shipping Development Co., Ltd. Class H(a) |
614,000 | 1,002,681 | ||||||
| Dalian Port PDA Co., Ltd. Class H |
1,098,000 | 514,729 | ||||||
| Datang International Power Generation Co., Ltd. Class H(a) |
1,378,000 | 624,694 | ||||||
| Great Wall Motor Co., Ltd. Class H(a) |
569,500 | 1,183,784 | ||||||
| Guangzhou Shipyard International Co., Ltd. Class H |
152,000 | 262,707 | ||||||
| Harbin Power Equipment Co., Ltd. Class H |
142,000 | 117,225 | ||||||
| Investments | Shares | Value | ||||||
| Huaneng Power International, Inc. Class H(a) |
724,000 | $ | 420,524 | |||||
| Jiangsu Expressway Co., Ltd. Class H |
920,000 | 868,495 | ||||||
| Shanghai Forte Land Co. Class H |
3,480,000 | 1,098,046 | ||||||
| Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H |
1,066,000 | 345,966 | ||||||
| Sinotrans Ltd. Class H |
2,565,000 | 710,234 | ||||||
| Weiqiao Textile Co. Class H |
1,399,500 | 1,110,271 | ||||||
| Wumart Stores, Inc. Class H |
549,000 | 1,107,234 | ||||||
| Xiamen International Port Co., Ltd. Class H |
1,682,000 | 314,101 | ||||||
| Zhuzhou CSR Times Electric Co., Ltd. Class H |
529,000 | 1,002,857 | ||||||
| Total China | 13,286,193 | |||||||
| Czech Republic – 1.2% | ||||||||
| Unipetrol A.S.* |
454,446 | 3,925,169 | ||||||
| Indonesia – 2.1% | ||||||||
| Aneka Tambang Tbk PT |
15,647,000 | 4,126,908 | ||||||
| Bakrie Sumatera Plantations Tbk PT |
2,412,500 | 131,237 | ||||||
| Berlian Laju Tanker Tbk PT |
5,213,433 | 360,950 | ||||||
| Indofood Sukses Makmur Tbk PT |
3,599,500 | 1,493,281 | ||||||
| Kalbe Farma Tbk PT |
1,131,000 | 232,427 | ||||||
| Perusahaan Perkebunan London Sumatra Indonesia Tbk PT |
801,000 | 862,663 | ||||||
| Total Indonesia | 7,207,466 | |||||||
| Israel – 8.2% | ||||||||
| Clal Industries and Investments Ltd. |
244,908 | 1,683,877 | ||||||
| Delek Group Ltd. |
5,382 | 1,232,502 | ||||||
| Discount Investment Corp. |
403,939 | 11,262,291 | ||||||
| Elbit Imaging Ltd.* |
33,682 | 767,686 | ||||||
| Gazit-Globe Ltd. |
98,829 | 1,037,447 | ||||||
| Israel Discount Bank Ltd. Class A* |
880,204 | 2,013,324 | ||||||
| Koor Industries Ltd. |
77,072 | 2,142,599 | ||||||
| Oil Refineries Ltd. |
1,848,991 | 1,077,087 | ||||||
| Ormat Industries |
48,131 | 367,407 | ||||||
| Osem Investments Ltd. |
28,079 | 431,342 | ||||||
| Shufersal Ltd. |
666,141 | 3,929,137 | ||||||
| Strauss Group Ltd. |
149,589 | 2,279,721 | ||||||
| Total Israel | 28,224,420 | |||||||
| Malaysia – 4.8% | ||||||||
| Alliance Financial Group Bhd |
696,300 | 614,759 | ||||||
| Berjaya Sports Toto Bhd |
1,513,141 | 2,078,134 | ||||||
| Gamuda Bhd |
2,588,128 | 2,300,911 | ||||||
| Genting Plantation Bhd |
129,800 | 276,551 | ||||||
| IGB Corp. Bhd |
903,600 | 523,545 | ||||||
| KNM Group Bhd* |
1,112,400 | 245,533 | ||||||
| Kulim Malaysia Bhd |
77,400 | 168,704 | ||||||
| Lafarge Malayan Cement Bhd |
885,800 | 1,724,350 | ||||||
| Malaysian Bulk Carriers Bhd |
2,343,848 | 2,284,928 | ||||||
| MMC Corp. Bhd |
439,922 | 329,065 | ||||||
| Nestle Malaysia Bhd |
114,400 | 1,197,307 | ||||||
| Parkson Holdings Bhd |
516,443 | 934,094 | ||||||
| SP Setia Bhd |
1,183,526 | 1,516,597 | ||||||
| UMW Holdings Bhd |
909,126 | 1,769,758 | ||||||
| WCT Bhd |
417,400 | 351,885 | ||||||
| Total Malaysia | 16,316,121 | |||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 81 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Mexico – 2.5% | ||||||||
| ALFA S.A.B de C.V. Class A |
176,600 | $ | 1,395,578 | |||||
| Banco Compartamos S.A. de C.V. |
110,708 | 626,150 | ||||||
| Embotelladoras Arca S.A.B de C.V. |
361,300 | 1,249,355 | ||||||
| Grupo Aeroportuario del Centro Norte S.A.B de C.V. |
413,300 | 784,667 | ||||||
| Grupo Aeroportuario del Pacifico S.A.B de C.V. Class B |
561,729 | 2,093,281 | ||||||
| Grupo Aeroportuario del Sureste S.A.B de C.V. Class B |
309,302 | 1,641,965 | ||||||
| Mexichem S.A.B de C.V. |
302,240 | 891,375 | ||||||
| Total Mexico | 8,682,371 | |||||||
| Philippines – 1.5% | ||||||||
| Aboitiz Power Corp. |
3,601,397 | 976,258 | ||||||
| Banco de Oro Unibank, Inc. |
946,800 | 869,489 | ||||||
| Energy Development Corp. |
10,964,250 | 1,213,128 | ||||||
| Jollibee Foods Corp. |
482,810 | 630,356 | ||||||
| Manila Water Co., Inc. |
663,000 | 231,074 | ||||||
| Megaworld Corp. |
17,420,000 | 493,419 | ||||||
| Metropolitan Bank & Trust |
775,710 | 858,276 | ||||||
| Total Philippines | 5,272,000 | |||||||
| Poland – 0.9% | ||||||||
| Asseco Poland S.A. |
16,949 | 337,423 | ||||||
| Cyfrowy Polsat S.A. |
165,257 | 903,582 | ||||||
| TVN S.A. |
277,962 | 1,753,642 | ||||||
| Total Poland | 2,994,647 | |||||||
| Russia – 0.0% | ||||||||
| TMK OAO Reg S GDR* |
1,422 | 29,364 | ||||||
| South Africa – 11.1% | ||||||||
| Aeci Ltd. |
80,571 | 709,280 | ||||||
| African Oxygen Ltd.(a) |
244,685 | 720,666 | ||||||
| Astral Foods Ltd. |
62,991 | 973,519 | ||||||
| Aveng Ltd. |
214,268 | 1,097,022 | ||||||
| AVI Ltd. |
372,203 | 1,206,222 | ||||||
| Barloworld Ltd. |
150,726 | 1,011,620 | ||||||
| City Lodge Hotels Ltd. |
34,761 | 369,196 | ||||||
| Foschini Ltd. |
235,073 | 2,144,608 | ||||||
| Grindrod Ltd. |
608,260 | 1,268,045 | ||||||
| Group Five Ltd. |
33,989 | 171,705 | ||||||
| Illovo Sugar Ltd. |
290,727 | 1,175,742 | ||||||
| Imperial Holdings Ltd. |
143,677 | 1,962,073 | ||||||
| Investec Ltd. |
314,269 | 2,674,129 | ||||||
| JSE Ltd. |
43,553 | 384,294 | ||||||
| Lewis Group Ltd. |
142,204 | 1,094,033 | ||||||
| Massmart Holdings Ltd. |
180,790 | 2,671,249 | ||||||
| Medi-Clinic Corp., Ltd. |
373,693 | 1,373,881 | ||||||
| Metropolitan Holdings Ltd. |
919,840 | 2,114,244 | ||||||
| Mondi Ltd.(a) |
143,556 | 1,051,656 | ||||||
| Mr. Price Group Ltd.(a) |
93,134 | 504,733 | ||||||
| Northam Platinum Ltd.(a) |
295,292 | 1,930,026 | ||||||
| Reunert Ltd. |
223,906 | 1,768,028 | ||||||
| Santam Ltd. |
98,133 | 1,368,981 | ||||||
| Investments | Shares | Value | ||||||
| Spar Group Ltd. (The) |
142,163 | $ | 1,442,159 | |||||
| Tongaat Hulett Ltd. |
99,486 | 1,395,306 | ||||||
| Truworths International Ltd. |
292,545 | 2,083,362 | ||||||
| Wilson Bayly Holmes-Ovcon Ltd. |
19,588 | 316,200 | ||||||
| Woolworths Holdings Ltd. |
1,034,497 | 3,173,662 | ||||||
| Total South Africa | 38,155,641 | |||||||
| South Korea – 8.0% | ||||||||
| Bukwang Pharmaceutical Co., Ltd.* |
31,930 | 455,760 | ||||||
| Busan Bank |
105,242 | 1,130,134 | ||||||
| Cheil Industries, Inc. |
7,557 | 426,791 | ||||||
| Cheil Worldwide, Inc. |
4,055 | 1,200,605 | ||||||
| CJ CheilJedang Corp. |
1,065 | 211,786 | ||||||
| CJ Corp. |
12,007 | 715,252 | ||||||
| Daegu Bank |
77,332 | 1,035,468 | ||||||
| Daehan Steel Co., Ltd. |
89,847 | 988,639 | ||||||
| Daewoong Pharmaceutical Co., Ltd.* |
1,528 | 67,524 | ||||||
| Daishin Securities Co., Ltd.* |
64,660 | 900,079 | ||||||
| Dongbu Insurance Co., Ltd.* |
21,290 | 607,775 | ||||||
| Dongkuk Steel Mill Co., Ltd. |
21,660 | 440,302 | ||||||
| Halla Climate Control Corp. |
95,200 | 1,144,302 | ||||||
| Hanjin Heavy Industries & Construction Holdings Co., Ltd. |
12,772 | 142,795 | ||||||
| Hanjin Shipping Holdings Co., Ltd.* |
9,533 | 172,301 | ||||||
| Hankook Tire Co., Ltd. |
46,308 | 877,906 | ||||||
| Hanwha Chem Corp. |
87,790 | 1,070,752 | ||||||
| Hite Brewery Co., Ltd. |
1,194 | 150,378 | ||||||
| Hotel Shilla Co., Ltd. |
22,588 | 453,177 | ||||||
| Hyundai Marine & Fire Insurance Co., Ltd.* |
59,962 | 969,822 | ||||||
| Hyundai Securities Co.* |
121,430 | 1,459,585 | ||||||
| Korea Investment Holdings Co., Ltd.* |
22,221 | 610,785 | ||||||
| Korea Kumho Petrochemical Co.* |
10,900 | 267,334 | ||||||
| Korean Reinsurance Co.* |
72,997 | 645,163 | ||||||
| LG Telecom Ltd. |
290,270 | 1,980,542 | ||||||
| LIG Insurance Co., Ltd.* |
25,200 | 489,991 | ||||||
| LS Industrial Systems Co., Ltd. |
13,781 | 978,050 | ||||||
| Namhae Chemical Corp. |
15,010 | 253,384 | ||||||
| S1 Corp. |
14,898 | 614,907 | ||||||
| Samsung Fine Chemicals Co., Ltd. |
11,507 | 516,643 | ||||||
| Seah Besteel Corp. |
12,447 | 180,415 | ||||||
| SFA Engineering Corp. |
9,290 | 390,829 | ||||||
| SKC Co., Ltd. |
18,636 | 308,829 | ||||||
| STX Corp. Co., Ltd.* |
12,909 | 232,178 | ||||||
| STX Engine Co., Ltd. |
7,800 | 147,183 | ||||||
| STX Offshore & Shipbuilding Co., Ltd. |
26,090 | 297,460 | ||||||
| Taihan Electric Wire Co., Ltd.* |
28,420 | 427,010 | ||||||
| Tong Yang Securities, Inc.* |
31,005 | 287,730 | ||||||
| Woongjin Coway Co., Ltd. |
33,720 | 1,044,576 | ||||||
| Woongjin Thinkbig Co., Ltd. |
4,564 | 101,651 | ||||||
| Woori Investment & Securities Co., Ltd.* |
150,340 | 2,086,118 | ||||||
| Youngone Holdings Co., Ltd. |
9,100 | 245,305 | ||||||
| Yuhan Corp. |
3,736 | 569,588 | ||||||
| Total South Korea | 27,296,804 | |||||||
See Notes to Financial Statements.
| 82 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2010
| Investments | Shares | Value | ||||||
| Taiwan – 32.1% | ||||||||
| Ability Enterprise Co., Ltd. |
686,944 | $ | 1,142,095 | |||||
| AcBel Polytech, Inc. |
392,000 | 330,185 | ||||||
| Advantech Co., Ltd. |
619,139 | 1,321,797 | ||||||
| ALI Corp. |
160,164 | 366,645 | ||||||
| Alpha Networks, Inc. |
676,914 | 640,508 | ||||||
| Altek Corp. |
389,294 | 685,230 | ||||||
| Ambassador Hotel (The) |
63,601 | 69,393 | ||||||
| AmTRAN Technology Co., Ltd. |
398,531 | 459,921 | ||||||
| Asia Optical Co., Inc. |
387,770 | 776,566 | ||||||
| AV Tech Corp. |
87,260 | 324,223 | ||||||
| Avermedia Technologies, Inc. |
160,094 | 223,319 | ||||||
| BES Engineering Corp. |
352,557 | 85,813 | ||||||
| Bright Led Electronics Corp. |
100,394 | 136,407 | ||||||
| Catcher Technology Co., Ltd. |
519,860 | 1,276,814 | ||||||
| Cheng Uei Precision Industry Co., Ltd. |
305,110 | 600,459 | ||||||
| Chicony Electronics Co., Ltd. |
603,899 | 1,606,822 | ||||||
| China Steel Chemical Corp. |
236,200 | 665,656 | ||||||
| China Synthetic Rubber Corp. |
641,544 | 640,372 | ||||||
| Chinese Maritime Transport Ltd. |
255,935 | 659,219 | ||||||
| Chroma ATE, Inc. |
615,143 | 1,336,509 | ||||||
| Chung Hsin Electric & Machinery Manufacturing Corp. |
687,000 | 401,280 | ||||||
| Chung Hwa Pulp Corp. |
1,671,422 | 886,815 | ||||||
| Chunghwa Picture Tubes* |
15,161,000 | 1,732,931 | ||||||
| Compal Communications, Inc. |
1,361,922 | 1,387,310 | ||||||
| Continental Engineering Corp. |
1,589,000 | 620,429 | ||||||
| CTCI Corp. |
772,788 | 806,660 | ||||||
| Cyberlink Corp. |
81,680 | 379,363 | ||||||
| CyberTAN Technology, Inc. |
152,868 | 212,277 | ||||||
| DA CIN Construction Co., Ltd. |
181,661 | 106,395 | ||||||
| Depo Auto Parts Industries Co., Ltd. |
225,000 | 550,491 | ||||||
| D-Link Corp. |
1,064,129 | 1,099,044 | ||||||
| Elite Semiconductor Memory Technology, Inc. |
238,590 | 375,262 | ||||||
| Epistar Corp. |
364,665 | 1,211,416 | ||||||
| Eternal Chemical Co., Ltd. |
847,287 | 865,749 | ||||||
| Everlight Electronics Co., Ltd. |
326,256 | 1,012,937 | ||||||
| Far Eastern Department Stores Co., Ltd. |
708,877 | 587,048 | ||||||
| Faraday Technology Corp. |
451,936 | 839,607 | ||||||
| Farglory Land Development Co., Ltd. |
601,968 | 1,281,348 | ||||||
| Feng Hsin Iron & Steel Co. |
744,094 | 1,260,541 | ||||||
| First Steamship Co., Ltd. |
72,569 | 116,081 | ||||||
| Formosa International Hotels Corp. |
13,240 | 144,874 | ||||||
| Formosa Taffeta Co., Ltd. |
3,408,032 | 2,715,008 | ||||||
| Fortune Electric Co., Ltd. |
213,780 | 185,790 | ||||||
| Gemtek Technology Corp. |
229,632 | 371,657 | ||||||
| GeoVision, Inc. |
73,000 | 298,822 | ||||||
| Getac Technology Corp. |
435,032 | 358,212 | ||||||
| Giant Manufacturing Co., Ltd. |
220,560 | 639,636 | ||||||
| Gigabyte Technology Co., Ltd. |
921,228 | 893,439 | ||||||
| Global Unichip Corp. |
16,506 | 74,843 | ||||||
| Great Wall Enterprise Co. |
384,250 | 395,043 | ||||||
| Greatek Electronics, Inc. |
775,179 | 798,172 | ||||||
| Hannstar Board Corp. |
377,735 | 353,257 | ||||||
| Investments | Shares | Value | ||||||
| HannStar Display Corp.* |
8,915,000 | $ | 1,965,017 | |||||
| Holtek Semiconductor, Inc. |
342,927 | 489,695 | ||||||
| Holystone Enterprise Co., Ltd. |
389,607 | 623,214 | ||||||
| Hsin Kuang Steel Co., Ltd. |
450,548 | 492,286 | ||||||
| Huaku Development Co., Ltd. |
453,100 | 1,175,623 | ||||||
| Hung Poo Real Estate Development Corp. |
555,680 | 736,637 | ||||||
| Inventec Appliances Corp. |
1,221,225 | 1,107,478 | ||||||
| Inventec Co., Ltd. |
3,805,665 | 2,174,974 | ||||||
| ITE Technology, Inc. |
95,337 | 183,121 | ||||||
| Kindom Construction Co., Ltd. |
801,000 | 619,200 | ||||||
| King Slide Works Co., Ltd. |
74,217 | 445,190 | ||||||
| King Yuan Electronics Co., Ltd. |
1,384,076 | 673,341 | ||||||
| Kinsus Interconnect Technology Corp. |
451,385 | 1,182,544 | ||||||
| KYE Systems Corp. |
525,040 | 524,081 | ||||||
| Largan Precision Co., Ltd. |
76,088 | 1,144,027 | ||||||
| LEE Chang Yung Chem Industries Corp. |
1,069,517 | 1,262,891 | ||||||
| Lien Hwa Industrial Corp. |
317,255 | 154,342 | ||||||
| LITE-ON IT Corp. |
1,300,549 | 1,406,696 | ||||||
| Lite-On Technology Corp. |
3,502,825 | 4,649,036 | ||||||
| Macronix International |
4,412,917 | 2,918,044 | ||||||
| Merida Industry Co., Ltd. |
220,550 | 336,124 | ||||||
| Micro-Star International Co., Ltd. |
679,774 | 425,956 | ||||||
| Mitac International |
2,145,145 | 986,180 | ||||||
| Nan Ya Printed Circuit Board Corp. |
1,456,400 | 5,778,273 | ||||||
| Nantex Industry Co., Ltd. |
99,757 | 72,875 | ||||||
| Novatek Microelectronics Corp., Ltd. |
922,838 | 2,876,786 | ||||||
| Opto Technology Corp. |
222,000 | 186,643 | ||||||
| Oriental Union Chemical Corp. |
1,814,940 | 1,517,308 | ||||||
| Pan-International Industrial |
157,340 | 260,103 | ||||||
| Pou Chen Corp. |
1,676,600 | 1,369,978 | ||||||
| Powertech Technology, Inc. |
494,834 | 1,768,489 | ||||||
| Radiant Opto-Electronics Corp. |
538,806 | 743,959 | ||||||
| Radium Life Tech Co., Ltd.* |
634,605 | 533,533 | ||||||
| Realtek Semiconductor Corp. |
324,969 | 876,939 | ||||||
| Richtek Technology Corp. |
80,275 | 859,421 | ||||||
| Ruentex Development Co., Ltd. |
1,280,000 | 1,813,716 | ||||||
| Shih Wei Navigation Co., Ltd. |
629,475 | 812,661 | ||||||
| Shihlin Electric & Engineering Corp. |
600,214 | 728,580 | ||||||
| Shin Zu Shing Co., Ltd. |
72,319 | 307,421 | ||||||
| Shining Building Business Co., Ltd.* |
318,901 | 351,456 | ||||||
| Silitech Technology Corp. |
168,655 | 616,033 | ||||||
| Sincere Navigation |
837,791 | 1,064,452 | ||||||
| Sonix Technology Co., Ltd. |
157,074 | 397,161 | ||||||
| Star Travel Taiwan Co., Ltd.*† |
48,401 | — | ||||||
| Synnex Technology International Corp. |
609,300 | 1,343,000 | ||||||
| Taiwan Cogeneration Corp. |
380,666 | 206,167 | ||||||
| Taiwan Glass Industrial Corp. |
775,041 | 822,435 | ||||||
| Taiwan Navigation Co., Ltd. |
389,000 | 505,266 | ||||||
| Taiwan Secom Co., Ltd. |
616,014 | 985,374 | ||||||
| Teco Electric and Machinery Co., Ltd. |
2,030,442 | 891,891 | ||||||
| Ton Yi Industrial Corp. |
1,418,000 | 555,895 | ||||||
| Transcend Information, Inc. |
313,963 | 1,136,902 | ||||||
| Tripod Technology Corp. |
299,103 | 1,012,456 | ||||||
| Tsann Kuen Enterprise Co., Ltd. |
65,984 | 118,014 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 83 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
March 31, 2010
| Investments | Shares | Value | ||||||
| TSRC Corp. |
1,014,000 | $ | 1,350,595 | |||||
| Tung Ho Steel Enterprise Corp. |
1,850,647 | 2,100,756 | ||||||
| TXC Corp. |
298,133 | 522,892 | ||||||
| U-Ming Marine Transport Corp. |
1,749,000 | 3,546,684 | ||||||
| Unimicron Technology Corp. |
1,404,400 | 1,802,044 | ||||||
| Universal Scientific Industrial Co., Ltd. |
2,037,391 | 1,302,319 | ||||||
| Wah Lee Industrial Corp. |
629,971 | 858,925 | ||||||
| Wistron NeWeb Corp. |
241,747 | 437,699 | ||||||
| WPG Holdings Co., Ltd. |
916,671 | 1,498,055 | ||||||
| Yang Ming Marine Transport Corp. |
3,545,314 | 1,328,460 | ||||||
| Yeun Chyang Industrial Co., Ltd. |
571,356 | 499,248 | ||||||
| Yieh Phui Enterprise |
949,113 | 385,527 | ||||||
| Yulon Motor Co., Ltd. |
696,447 | 773,026 | ||||||
| Yungtay Engineering Co., Ltd. |
363,976 | 301,422 | ||||||
| Zinwell Corp. |
215,424 | 404,963 | ||||||
| Zyxel Communications Corp. |
465,570 | 368,697 | ||||||
| Total Taiwan | 109,979,886 | |||||||
| Thailand – 8.3% | ||||||||
| Airports of Thailand PCL |
2,334,900 | 2,762,020 | ||||||
| Asian Property Development PCL |
1,038,700 | 168,646 | ||||||
| Bangkok Expressway PCL |
1,045,802 | 663,026 | ||||||
| BEC World PCL |
1,610,678 | 1,235,343 | ||||||
| Central Pattana PCL |
378,700 | 242,434 | ||||||
| Charoen Pokphand Foods PCL |
6,389,962 | 2,964,263 | ||||||
| CP ALL PCL |
2,734,490 | 2,325,606 | ||||||
| Electricity Generating PCL |
601,412 | 1,487,953 | ||||||
| Esso Thailand PCL |
4,371,882 | 980,243 | ||||||
| Glow Energy PCL |
1,417,476 | 1,687,732 | ||||||
| Kiatnakin Bank PCL |
1,286,606 | 1,094,222 | ||||||
| Kim Eng Securities Thailand PCL |
1,105,102 | 403,284 | ||||||
| Land and Houses PCL |
7,461,008 | 1,395,983 | ||||||
| Minor International PCL |
1,612,236 | 548,464 | ||||||
| Precious Shipping PCL |
2,179,326 | 1,273,829 | ||||||
| Preuksa Real Estate PCL |
629,128 | 340,490 | ||||||
| PTT Aromatics & Refining PCL |
1,101,700 | 979,554 | ||||||
| Quality Houses PCL |
6,467,700 | 484,052 | ||||||
| Ratchaburi Electricity Generating Holding PCL |
1,588,996 | 1,781,386 | ||||||
| Siam City Bank PCL |
1,048,200 | 1,021,132 | ||||||
| Thai Union Frozen Products PCL |
1,319,210 | 1,540,132 | ||||||
| Thanachart Capital PCL |
1,658,300 | 1,271,868 | ||||||
| Tisco Financial Group PCL |
381,752 | 318,766 | ||||||
| Total Access Communication PCL |
1,366,339 | 1,584,590 | ||||||
| Total Thailand | 28,555,018 | |||||||
| Turkey – 5.6% | ||||||||
| Aksigorta A.S.(a) |
483,533 | 676,603 | ||||||
| Anadolu Hayat Emeklilik A.S. |
145,033 | 430,659 | ||||||
| Anadolu Sigorta |
599,156 | 535,312 | ||||||
| Arcelik A.S.(a) |
699,303 | 2,825,327 | ||||||
| Dogus Otomotiv Servis ve Ticaret A.S.* |
198,381 | 768,919 | ||||||
| EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. |
481,451 | 885,602 | ||||||
| Ford Otomotiv Sanayi A.S. |
676,906 | 4,891,582 | ||||||
| Selcuk Ecza Deposu Ticaret ve Sanayi A.S. |
532,893 | 966,223 | ||||||
| Investments | Shares | Value | ||||||
| Sinpas Gayrimenkul Yatirim Ortakligi A.S. |
490,732 | $ | 818,854 | |||||
| Tofas Turk Otomobil Fabrikasi A.S.(a) |
401,734 | 1,504,325 | ||||||
| Tupras Turkiye Petrol Rafine |
1,541 | 34,926 | ||||||
| Turcas Petrolculuk A.S. |
137,792 | 441,745 | ||||||
| Turk Hava Yollari |
797,119 | 2,723,045 | ||||||
| Vestel Beyaz Esya Sanayi ve Ticaret A.S. |
545,677 | 1,634,665 | ||||||
| Yapi Kredi Sigorta A.S. |
19,116 | 141,907 | ||||||
| Total Turkey | 19,279,694 | |||||||
| TOTAL COMMON STOCKS (Cost: $282,333,783) |
337,044,259 | |||||||
| EXCHANGE TRADED FUND – 0.8% | ||||||||
| United States – 0.8% | ||||||||
| WisdomTree India Earnings Fund*(a)(b) |
||||||||
| (Cost: $2,293,121) | 116,940 | 2,728,210 | ||||||
| RIGHTS – 0.0% | ||||||||
| Poland – 0.0% | ||||||||
| Asseco Poland S.A., expiring 6/30/10* |
||||||||
| (Cost: $0) | 15,395 | — | ||||||
| WARRANTS – 0.0% | ||||||||
| Thailand – 0.0% | ||||||||
| Ticon Industrial Connection PCL, expiring 1/22/14* |
||||||||
| (Cost: $0) | 87,000 | 2,072 | ||||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $284,626,904) |
339,774,541 | |||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.6% | ||||||||
| MONEY MARKET FUND – 3.6% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $12,303,099)(d) | 12,303,099 | 12,303,099 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 102.7% (Cost: $296,930,003) |
352,077,640 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (2.7)% |
(9,323,225 | ) | ||||||
| NET ASSETS – 100.0% | $ | 342,754,415 | ||||||
ADR – American Depositary Receipt.
GDR – Global Depositary Receipt.
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0% of net assets. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Affiliated Companies (See Note 4). |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $11,443,096 and the total market value of the collateral held by the Fund was $12,303,099. |
See Notes to Financial Statements.
| 84 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree Middle East Dividend Fund (GULF)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.6% | ||||||||
| Egypt – 17.6% | ||||||||
| Arab Cotton Ginning* |
40,321 | $ | 29,732 | |||||
| Canal Shipping Agencies Co. |
4,998 | 7,888 | ||||||
| Commercial International Bank Egypt S.A.E |
158 | 1,867 | ||||||
| Egyptian Co. For Mobile Services |
6,845 | 266,800 | ||||||
| Egyptian Financial & Industrial Co. |
4,671 | 20,335 | ||||||
| Egyptian Financial Group-Hermes Holding |
5,042 | 29,084 | ||||||
| Elswedy Cables Holding Co. |
1,229 | 16,781 | ||||||
| Ezz Steel* |
127,550 | 489,490 | ||||||
| Orascom Construction Industries |
10,504 | 503,452 | ||||||
| Orascom Telecom Holding S.A.E |
238,973 | 244,355 | ||||||
| Sidi Kerir Petrochemcials Co. |
62,147 | 165,018 | ||||||
| Telecom Egypt |
136,587 | 421,966 | ||||||
| Total Egypt | 2,196,768 | |||||||
| Jordan – 2.6% | ||||||||
| Arab Bank |
8,175 | 124,500 | ||||||
| Arab Potash Co. |
2,119 | 103,124 | ||||||
| Jordanian Electric Power Co. |
17,302 | 95,240 | ||||||
| Total Jordan | 322,864 | |||||||
| Kuwait – 16.7% | ||||||||
| Boubyan Petrochemicals Co. |
55,000 | 106,042 | ||||||
| Commercial Bank of Kuwait S.A.K* |
37,500 | 121,363 | ||||||
| Injazzat Real Estate Co. KSCC* |
30,000 | 13,014 | ||||||
| Kuwait Finance House |
65,599 | 252,955 | ||||||
| Kuwait Projects Co. Holdings KSC |
72,500 | 129,799 | ||||||
| Mobile Telecommunications Co. KSC* |
192,624 | 901,942 | ||||||
| National Bank of Kuwait |
86,625 | 357,893 | ||||||
| National Mobile Telecommunication Co. KSC* |
27,500 | 149,595 | ||||||
| United Ahli Bank* |
31,350 | 59,365 | ||||||
| Total Kuwait | 2,091,968 | |||||||
| Morocco – 9.4% | ||||||||
| Attijariwafa Bank |
1,516 | 52,886 | ||||||
| Douja Promotion Groupe Addoha S.A. |
3,422 | 46,677 | ||||||
| Maroc Telecom |
56,058 | 1,075,910 | ||||||
| Total Morocco | 1,175,473 | |||||||
| Oman – 3.8% | ||||||||
| Bank Muscat S.A.O.G |
34,497 | 75,804 | ||||||
| Galfar Engineering & Contracting S.A.O.G |
8,455 | 10,234 | ||||||
| Oman Telecommunications Co. |
88,160 | 294,019 | ||||||
| Raysut Cement Co. |
17,153 | 71,285 | ||||||
| Renaissance Services S.A.O.G |
12,646 | 26,015 | ||||||
| Total Oman | 477,357 | |||||||
| Qatar – 31.6% | ||||||||
| Commercial Bank of Qatar |
19,474 | 395,175 | ||||||
| Doha Bank QSC |
18,950 | 264,340 | ||||||
| Industries Qatar |
34,486 | 1,091,848 | ||||||
| Masraf Al Rayan |
37,060 | 138,399 | ||||||
| Qatar Electricity & Water Co. |
7,515 | 212,960 | ||||||
| Qatar Fuel Co.* |
1,450 | 76,447 | ||||||
| Qatar Insurance Co. |
2,015 | 35,301 | ||||||
| Qatar Islamic Bank |
15,295 | 337,252 | ||||||
| Investments | Shares | Value | ||||||
| Qatar National Bank S.A.Q |
17,846 | $ | 662,534 | |||||
| Qatar Shipping Co.* |
8,636 | 92,958 | ||||||
| Qatar Telecom Q-Telephone QSC* |
13,487 | 554,775 | ||||||
| United Development Co.* |
11,728 | 92,748 | ||||||
| Total Qatar | 3,954,737 | |||||||
| United Arab Emirates – 16.9% | ||||||||
| Abu Dhabi Commercial Bank PJSC |
400,736 | 225,844 | ||||||
| Air Arabia |
602,418 | 160,732 | ||||||
| Bank of Sharjah |
227,554 | 106,559 | ||||||
| DP World Ltd. |
477,162 | 245,738 | ||||||
| Dubai Financial Market |
469,594 | 242,915 | ||||||
| Dubai Investments PJSC* |
415,102 | 115,275 | ||||||
| Dubai Islamic Bank PJSC |
399,244 | 295,656 | ||||||
| First Gulf Bank PJSC |
54,695 | 268,040 | ||||||
| Gulf Navigation Holding |
304,270 | 49,704 | ||||||
| National Bank of Abu Dhabi PJSC |
91,380 | 298,546 | ||||||
| Tamweel PJSC*† |
65,235 | — | ||||||
| Union National Bank PJSC/Abu Dhabi* |
115,910 | 110,135 | ||||||
| Total United Arab Emirates | 2,119,144 | |||||||
| TOTAL COMMON STOCKS (Cost: $11,191,851) |
12,338,311 | |||||||
| SHORT-TERM INVESTMENT – 0.0% | ||||||||
| MONEY MARKET FUND – 0.0% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(a) |
||||||||
| (Cost: $3,377) | 3,377 | 3,377 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 98.6% (Cost: $11,195,228) |
12,341,688 | |||||||
| Foreign Currency and Other Assets in Excess of Liabilities – 1.4% |
173,583 | |||||||
| NET ASSETS – 100.0% | $ | 12,515,271 | ||||||
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate of fair valued securities is $0, which represents 0% of net assets. |
| (a) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 85 |
Table of Contents
Schedule of Investments
WisdomTree International Hedged Equity Fund (HEDJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 98.9% | ||||||||
| Australia – 9.0% | ||||||||
| AGL Energy Ltd. |
608 | $ | 8,387 | |||||
| Amcor Ltd. |
1,531 | 8,979 | ||||||
| AMP Ltd. |
2,956 | 16,984 | ||||||
| APN News & Media Ltd. |
2,387 | 5,061 | ||||||
| Aristocrat Leisure Ltd. |
1,372 | 5,705 | ||||||
| ASX Ltd. |
223 | 6,947 | ||||||
| Australia & New Zealand Banking Group Ltd. |
2,885 | 67,153 | ||||||
| AXA Asia Pacific Holdings Ltd. |
1,727 | 10,018 | ||||||
| Bank of Queensland Ltd. |
88 | 952 | ||||||
| Bendigo and Adelaide Bank Ltd. |
816 | 7,490 | ||||||
| BHP Billiton Ltd. |
1,873 | 74,937 | ||||||
| BlueScope Steel Ltd.* |
2,665 | 7,118 | ||||||
| Boral Ltd. |
1,035 | 5,329 | ||||||
| Brambles Ltd. |
2,037 | 13,761 | ||||||
| Coca-Cola Amatil Ltd. |
772 | 7,971 | ||||||
| Commonwealth Bank of Australia |
1,790 | 92,482 | ||||||
| Computershare Ltd. |
927 | 10,653 | ||||||
| Crown Ltd. |
1,130 | 8,484 | ||||||
| CSL Ltd. |
222 | 7,423 | ||||||
| CSR Ltd. |
3,437 | 5,221 | ||||||
| David Jones Ltd. |
1,059 | 4,617 | ||||||
| Downer EDI Ltd. |
1,760 | 12,212 | ||||||
| Fairfax Media Ltd. |
5,558 | 9,183 | ||||||
| Foster’s Group Ltd. |
2,006 | 9,740 | ||||||
| Goodman Fielder Ltd. |
3,860 | 5,066 | ||||||
| Harvey Norman Holdings Ltd. |
1,274 | 4,233 | ||||||
| Incitec Pivot Ltd. |
2,948 | 9,389 | ||||||
| Insurance Australia Group Ltd. |
1,471 | 5,239 | ||||||
| Leighton Holdings Ltd. |
425 | 15,213 | ||||||
| Lend Lease Group(a) |
512 | 4,070 | ||||||
| Macquarie Group Ltd. |
318 | 13,791 | ||||||
| Metcash Ltd. |
1,495 | 5,681 | ||||||
| National Australia Bank Ltd. |
2,649 | 66,912 | ||||||
| OneSteel Ltd. |
2,001 | 7,163 | ||||||
| Orica Ltd. |
358 | 8,803 | ||||||
| Origin Energy Ltd. |
653 | 9,919 | ||||||
| QBE Insurance Group Ltd. |
1,158 | 22,140 | ||||||
| Rio Tinto Ltd. |
279 | 20,077 | ||||||
| Santos Ltd. |
458 | 6,163 | ||||||
| Sims Metal Management Ltd. |
215 | 4,274 | ||||||
| Sonic Healthcare Ltd. |
668 | 8,811 | ||||||
| Suncorp-Metway Ltd. |
2,319 | 18,177 | ||||||
| TABCORP Holdings Ltd. |
876 | 5,548 | ||||||
| Telstra Corp., Ltd. |
18,238 | 50,052 | ||||||
| Toll Holdings Ltd. |
856 | 5,830 | ||||||
| Wesfarmers Ltd. |
1,313 | 38,311 | ||||||
| Westpac Banking Corp. |
2,820 | 72,059 | ||||||
| Woodside Petroleum Ltd. |
469 | 20,189 | ||||||
| Woolworths Ltd. |
792 | 20,354 | ||||||
| WorleyParsons Ltd. |
291 | 6,798 | ||||||
| Total Australia | 861,069 | |||||||
| Investments | Shares | Value | ||||||
| Austria – 0.9% | ||||||||
| Erste Group Bank AG |
358 | $ | 15,065 | |||||
| OMV AG |
467 | 17,554 | ||||||
| Telekom Austria AG |
1,051 | 14,719 | ||||||
| Verbund – Oesterreichische Elektrizitaetswirtschafts AG Class A |
353 | 14,038 | ||||||
| voestalpine AG |
644 | 26,098 | ||||||
| Total Austria | 87,474 | |||||||
| Belgium – 1.1% | ||||||||
| Anheuser-Busch InBev N.V. |
508 | 25,636 | ||||||
| Belgacom S.A. |
794 | 31,070 | ||||||
| Mobistar S.A. |
238 | 14,674 | ||||||
| Solvay S.A. |
164 | 16,889 | ||||||
| UCB S.A. |
389 | 16,641 | ||||||
| Total Belgium | 104,910 | |||||||
| Denmark – 0.4% | ||||||||
| Novo Nordisk A/S Class B |
488 | 37,936 | ||||||
| Finland – 1.6% | ||||||||
| Fortum Oyj |
1,122 | 27,494 | ||||||
| Kone Oyj Class B |
504 | 20,868 | ||||||
| Neste Oil Oyj* |
982 | 17,154 | ||||||
| Nokia Oyj |
2,657 | 41,452 | ||||||
| Rautaruukki Oyj |
608 | 13,163 | ||||||
| Sampo Oyj Class A |
826 | 21,951 | ||||||
| UPM-Kymmene Oyj |
1,206 | 16,033 | ||||||
| Total Finland | 158,115 | |||||||
| France – 13.6% | ||||||||
| Accor S.A. |
409 | 22,668 | ||||||
| Aeroports de Paris |
135 | 11,136 | ||||||
| Air Liquide S.A. |
155 | 18,641 | ||||||
| Alstom S.A. |
139 | 8,684 | ||||||
| AXA S.A. |
1,194 | 26,609 | ||||||
| BNP Paribas |
347 | 26,697 | ||||||
| Bourbon S.A. |
190 | 8,228 | ||||||
| Bouygues S.A. |
580 | 29,210 | ||||||
| Carrefour S.A. |
365 | 17,624 | ||||||
| Casino Guichard Perrachon S.A. |
207 | 17,548 | ||||||
| Christian Dior S.A. |
198 | 21,160 | ||||||
| CNP Assurances |
140 | 13,245 | ||||||
| Compagnie de Saint-Gobain |
700 | 33,719 | ||||||
| Credit Agricole S.A. |
1,989 | 34,879 | ||||||
| Danone |
363 | 21,906 | ||||||
| Electricite de France |
1,139 | 62,264 | ||||||
| Fonciere Des Regions |
132 | 14,566 | ||||||
| France Telecom S.A. |
3,889 | 93,220 | ||||||
| GDF Suez |
1,997 | 77,281 | ||||||
| Gecina S.A. |
180 | 19,957 | ||||||
| ICADE |
103 | 11,485 | ||||||
| Klepierre |
397 | 15,621 | ||||||
| Lafarge S.A. |
290 | 20,444 | ||||||
| Lagardere SCA |
282 | 11,432 | ||||||
| Legrand S.A. |
693 | 21,933 | ||||||
See Notes to Financial Statements.
| 86 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Equity Fund (HEDJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| L’Oreal S.A. |
300 | $ | 31,606 | |||||
| LVMH Moet Hennessy Louis Vuitton S.A. |
271 | 31,733 | ||||||
| Neopost S.A. |
164 | 13,130 | ||||||
| PagesJaunes Groupe |
1,129 | 12,988 | ||||||
| Pernod-Ricard S.A. |
219 | 18,630 | ||||||
| PPR |
214 | 28,542 | ||||||
| Safran S.A. |
986 | 25,749 | ||||||
| Sanofi-Aventis S.A. |
1,094 | 81,697 | ||||||
| Schneider Electric S.A. |
335 | 39,364 | ||||||
| Societe Generale |
370 | 23,313 | ||||||
| Sodexo |
270 | 16,166 | ||||||
| Suez Environnement S.A. |
768 | 17,708 | ||||||
| Thales S.A. |
283 | 11,381 | ||||||
| TOTAL S.A. |
2,508 | 145,856 | ||||||
| Unibail-Rodamco SE |
88 | 17,861 | ||||||
| Vallourec S.A. |
136 | 27,474 | ||||||
| Veolia Environnement |
624 | 21,683 | ||||||
| Vinci S.A. |
473 | 27,927 | ||||||
| Vivendi S.A. |
1,567 | 42,014 | ||||||
| Total France | 1,294,979 | |||||||
| Germany – 7.8% | ||||||||
| Allianz SE |
450 | 56,524 | ||||||
| BASF SE |
1,197 | 74,375 | ||||||
| Bayer AG |
538 | 36,457 | ||||||
| Bayerische Motoren Werke AG |
227 | 10,498 | ||||||
| Beiersdorf AG |
227 | 13,602 | ||||||
| Deutsche Bank AG |
168 | 12,964 | ||||||
| Deutsche Boerse AG |
210 | 15,594 | ||||||
| Deutsche Post AG |
1,648 | 28,643 | ||||||
| Deutsche Telekom AG |
7,511 | 101,987 | ||||||
| E.ON AG |
1,982 | 73,308 | ||||||
| Fresenius Medical Care AG & Co. KGaA |
354 | 20,010 | ||||||
| K+S AG |
218 | 13,253 | ||||||
| Linde AG |
139 | 16,615 | ||||||
| MAN SE |
195 | 16,354 | ||||||
| Merck KGAA |
167 | 13,558 | ||||||
| Metro AG |
263 | 15,630 | ||||||
| Muenchener Rueckversicherungs AG |
222 | 36,092 | ||||||
| RWE AG |
735 | 65,241 | ||||||
| SAP AG |
681 | 33,044 | ||||||
| Siemens AG |
561 | 56,286 | ||||||
| ThyssenKrupp AG |
903 | 31,102 | ||||||
| Volkswagen AG |
48 | 4,644 | ||||||
| Total Germany | 745,781 | |||||||
| Hong Kong – 5.4% | ||||||||
| Cheung Kong (Holdings) Ltd. |
3,000 | 38,636 | ||||||
| China Merchants Holdings International Co., Ltd. |
6,000 | 22,100 | ||||||
| China Mobile Ltd. |
12,000 | 115,446 | ||||||
| China Resources Enterprise |
2,000 | 7,431 | ||||||
| China Unicom Hong Kong Ltd. |
14,000 | 15,759 | ||||||
| CLP Holdings Ltd. |
2,000 | 14,295 | ||||||
| CNOOC Ltd. |
36,000 | 59,253 | ||||||
| Hang Lung Properties Ltd. |
3,000 | 12,093 | ||||||
| Investments | Shares | Value | ||||||
| Hang Seng Bank Ltd. |
2,000 | $ | 27,870 | |||||
| Henderson Land Development Co., Ltd. |
3,000 | 21,134 | ||||||
| Hong Kong & China Gas Co., Ltd. |
4,000 | 9,973 | ||||||
| Hong Kong Exchanges and Clearing Ltd. |
1,100 | 18,360 | ||||||
| Hongkong Electric Holdings Ltd. |
2,000 | 11,861 | ||||||
| Hutchison Whampoa Ltd. |
3,000 | 21,946 | ||||||
| MTR Corp. |
2,000 | 7,573 | ||||||
| New World Development Ltd. |
1,000 | 1,958 | ||||||
| Shanghai Industrial Holdings Ltd. |
3,000 | 13,755 | ||||||
| Sino Land Co., Ltd. |
6,000 | 11,761 | ||||||
| Sinotrans Shipping Ltd. |
10,000 | 4,778 | ||||||
| Sun Hung Kai Properties Ltd. |
3,000 | 45,127 | ||||||
| Swire Pacific Ltd. Class A |
1,500 | 18,043 | ||||||
| Wharf Holdings Ltd. |
3,000 | 16,903 | ||||||
| Total Hong Kong | 516,055 | |||||||
| Ireland – 0.2% | ||||||||
| CRH PLC |
612 | 15,311 | ||||||
| Italy – 4.8% | ||||||||
| A2A SpA |
6,919 | 13,004 | ||||||
| Atlantia SpA |
780 | 18,238 | ||||||
| Edison SpA |
9,242 | 14,106 | ||||||
| Enel SpA |
14,410 | 80,722 | ||||||
| ENI SpA |
5,335 | 125,390 | ||||||
| Finmeccanica SpA |
1,026 | 13,716 | ||||||
| Mediaset SpA |
3,097 | 26,652 | ||||||
| Mediobanca SpA* |
1,942 | 20,904 | ||||||
| Parmalat SpA |
6,143 | 16,853 | ||||||
| Saipem SpA |
751 | 29,113 | ||||||
| Snam Rete Gas SpA |
4,859 | 24,672 | ||||||
| Telecom Italia SpA |
15,437 | 22,266 | ||||||
| Telecom Italia SpA RSP |
16,890 | 19,083 | ||||||
| Terna Rete Elettrica Nazionale SpA |
4,392 | 19,032 | ||||||
| Unione di Banche Italiane SCPA |
840 | 11,355 | ||||||
| Total Italy | 455,106 | |||||||
| Japan – 12.4% | ||||||||
| ACOM Co., Ltd. |
150 | 2,456 | ||||||
| Advan Co., Ltd. |
1,000 | 7,085 | ||||||
| Advantest Corp. |
100 | 2,502 | ||||||
| Aeon Co., Ltd. |
400 | 4,542 | ||||||
| Aeon Credit Service Co., Ltd. |
100 | 1,188 | ||||||
| Aichi Corp. |
300 | 1,300 | ||||||
| Aisin Seiki Co., Ltd. |
100 | 2,997 | ||||||
| Asahi Breweries Ltd. |
400 | 7,504 | ||||||
| Astellas Pharma, Inc. |
400 | 14,491 | ||||||
| Belluna Co., Ltd. |
850 | 3,611 | ||||||
| Bridgestone Corp. |
400 | 6,832 | ||||||
| Brother Industries Ltd. |
600 | 7,256 | ||||||
| Canon Marketing Japan, Inc. |
400 | 5,450 | ||||||
| Canon, Inc. |
1,100 | 50,974 | ||||||
| Casio Computer Co., Ltd. |
100 | 769 | ||||||
| Chiyoda Integre Co., Ltd. |
300 | 4,045 | ||||||
| Chubu Electric Power Co., Inc. |
400 | 10,004 | ||||||
| Chugai Pharmaceutical Co., Ltd. |
100 | 1,881 | ||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 87 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Equity Fund (HEDJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| Chugoku Electric Power Co., Inc. (The) |
100 | $ | 1,988 | |||||
| Chuo Mitsui Trust Holdings, Inc. |
3,000 | 11,269 | ||||||
| CKD Corp. |
500 | 4,185 | ||||||
| Coca-Cola West Co., Ltd. |
100 | 1,636 | ||||||
| Credit Saison Co., Ltd. |
100 | 1,552 | ||||||
| Daiichi Sankyo Co., Ltd. |
800 | 14,991 | ||||||
| Daikoku Denki Co., Ltd. |
300 | 5,285 | ||||||
| DENSO Corp. |
100 | 2,981 | ||||||
| Dentsu, Inc. |
100 | 2,630 | ||||||
| DIC Corp. |
1,000 | 2,162 | ||||||
| Eisai Co., Ltd. |
100 | 3,569 | ||||||
| Electric Power Development Co., Ltd. |
100 | 3,296 | ||||||
| FamilyMart Co., Ltd. |
100 | 3,184 | ||||||
| FUJIFILM Holdings Corp. |
100 | 3,446 | ||||||
| Fukuoka Financial Group, Inc. |
1,000 | 4,249 | ||||||
| Hamamatsu Photonics K.K. |
200 | 5,657 | ||||||
| Heiwa Corp. |
400 | 4,114 | ||||||
| Hiroshima Bank Ltd. (The) |
3,000 | 12,682 | ||||||
| Hisamitsu Pharmaceutical Co., Inc. |
100 | 3,719 | ||||||
| Hitachi Capital Corp. |
100 | 1,424 | ||||||
| Hitachi Chemical Co., Ltd. |
100 | 2,162 | ||||||
| Hitachi Construction Machinery Co., Ltd. |
100 | 2,364 | ||||||
| Hitachi High-Technologies Corp. |
200 | 4,591 | ||||||
| Hitachi Koki Co., Ltd. |
300 | 3,233 | ||||||
| Hokkaido Electric Power Co., Inc. |
100 | 1,920 | ||||||
| Hokuhoku Financial Group, Inc. |
3,000 | 6,582 | ||||||
| Hokuriku Electric Power Co. |
100 | 2,200 | ||||||
| Honda Motor Co., Ltd. |
1,200 | 42,380 | ||||||
| Honeys Co., Ltd. |
80 | 687 | ||||||
| HOYA CORP. |
300 | 8,248 | ||||||
| Idec Corp. |
300 | 2,694 | ||||||
| Inabata & Co., Ltd. |
800 | 3,776 | ||||||
| ITOCHU Corp. |
3,000 | 26,295 | ||||||
| Itochu Techno-Solutions Corp. |
200 | 6,571 | ||||||
| Japan Tobacco, Inc. |
4 | 14,897 | ||||||
| JFE Holdings, Inc. |
400 | 16,117 | ||||||
| JS Group Corp. |
400 | 8,146 | ||||||
| JSR Corp. |
100 | 2,090 | ||||||
| Kajima Corp. |
3,000 | 7,352 | ||||||
| Kansai Electric Power Co., Inc. (The) |
700 | 16,047 | ||||||
| KDDI Corp. |
1 | 5,180 | ||||||
| Komatsu Ltd. |
700 | 14,683 | ||||||
| Konami Corp. |
100 | 1,930 | ||||||
| Kyokuto Securities Co., Ltd. |
400 | 3,771 | ||||||
| Kyushu Electric Power Co., Inc. |
400 | 8,711 | ||||||
| Lawson, Inc. |
100 | 4,270 | ||||||
| Makita Corp. |
100 | 3,296 | ||||||
| Marubeni Corp. |
3,000 | 18,654 | ||||||
| Marui Group Co., Ltd. |
800 | 5,805 | ||||||
| Medipal Holdings Corp. |
400 | 4,739 | ||||||
| Mitsubishi Chemical Holdings Corp. |
500 | 2,558 | ||||||
| Mitsubishi Corp. |
1,100 | 28,842 | ||||||
| Mitsubishi Heavy Industries Ltd. |
3,000 | 12,425 | ||||||
| Mitsubishi UFJ Financial Group, Inc. |
5,500 | 28,842 | ||||||
| Investments | Shares | Value | ||||||
| Mitsubishi UFJ Lease & Finance Co., Ltd. |
40 | $ | 1,455 | |||||
| Mitsui & Co., Ltd. |
500 | 8,406 | ||||||
| Mitsui O.S.K. Lines Ltd. |
3,000 | 21,543 | ||||||
| Mizuho Financial Group, Inc. |
10,000 | 19,799 | ||||||
| MS&AD Insurance Group Holdings |
100 | 2,777 | ||||||
| Namco Bandai Holdings, Inc. |
100 | 975 | ||||||
| Nippon Express Co., Ltd. |
3,000 | 12,907 | ||||||
| Nippon Mining Holdings, Inc. |
500 | 2,298 | ||||||
| Nippon Oil Corp. |
3,000 | 14,865 | ||||||
| Nippon Paper Group, Inc. |
100 | 2,574 | ||||||
| Nippon Steel Corp. |
3,000 | 11,783 | ||||||
| Nippon Telegraph & Telephone Corp. |
1,100 | 46,383 | ||||||
| Nippon Television Network Corp. |
40 | 5,445 | ||||||
| Nippon Yusen K.K. |
3,000 | 11,847 | ||||||
| Nisshin Steel Co., Ltd. |
1,000 | 2,087 | ||||||
| Nissin Foods Holdings Co., Ltd. |
100 | 3,366 | ||||||
| Nitto Denko Corp. |
100 | 3,885 | ||||||
| Nomura Real Estate Holdings, Inc. |
100 | 1,543 | ||||||
| Nomura Research Institute Ltd. |
200 | 4,559 | ||||||
| NTT DoCoMo, Inc. |
35 | 53,339 | ||||||
| OJI Paper Co., Ltd. |
3,000 | 13,164 | ||||||
| Oracle Corp. |
200 | 9,279 | ||||||
| Osaka Gas Co., Ltd. |
3,000 | 10,756 | ||||||
| Panasonic Corp. |
2,000 | 30,608 | ||||||
| Park24 Co., Ltd. |
700 | 7,162 | ||||||
| Promise Co., Ltd. |
200 | 1,856 | ||||||
| Resona Holdings, Inc. |
100 | 1,265 | ||||||
| Sankei Building Co., Ltd. (The) |
100 | 623 | ||||||
| Secom Co., Ltd. |
100 | 4,377 | ||||||
| Sega Sammy Holdings, Inc. |
100 | 1,211 | ||||||
| Seiko Epson Corp. |
100 | 1,554 | ||||||
| Seven & I Holdings Co., Ltd. |
400 | 9,670 | ||||||
| Shikoku Electric Power Co., Inc. |
100 | 2,835 | ||||||
| Shin-Etsu Chemical Co., Ltd. |
100 | 5,811 | ||||||
| Shinko Shoji Co., Ltd. |
900 | 7,773 | ||||||
| Showa Denko K.K. |
3,000 | 6,774 | ||||||
| Showa Shell Sekiyu K.K. |
400 | 2,705 | ||||||
| Sojitz Corp. |
1,500 | 2,906 | ||||||
| Sony Corp. |
400 | 15,325 | ||||||
| Stanley Electric Co., Ltd. |
100 | 1,940 | ||||||
| Sumitomo Chemical Co., Ltd. |
3,000 | 14,673 | ||||||
| Sumitomo Corp. |
1,100 | 12,655 | ||||||
| Sumitomo Electric Industries Ltd. |
400 | 4,906 | ||||||
| Sumitomo Metal Industries Ltd. |
4,000 | 12,115 | ||||||
| Sumitomo Mitsui Financial Group, Inc. |
400 | 13,228 | ||||||
| Sumitomo Rubber Industries, Inc. |
700 | 6,173 | ||||||
| Sumitomo Trust & Banking Co., Ltd. (The) |
3,000 | 17,594 | ||||||
| Suzuken Co., Ltd. |
100 | 3,526 | ||||||
| Suzuki Motor Corp. |
100 | 2,208 | ||||||
| T&D Holdings, Inc. |
50 | 1,184 | ||||||
| Taisei Corp. |
1,000 | 2,205 | ||||||
| Takeda Pharmaceutical Co., Ltd. |
800 | 35,231 | ||||||
| Takefuji Corp. |
480 | 2,045 | ||||||
| TDK Corp. |
100 | 6,657 | ||||||
See Notes to Financial Statements.
| 88 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Hedged Equity Fund (HEDJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| Teijin Ltd. |
3,000 | $ | 10,081 | |||||
| Tohoku Electric Power Co., Inc. |
400 | 8,459 | ||||||
| Tokio Marine Holdings, Inc. |
100 | 2,818 | ||||||
| Tokyo Electric Power Co., Inc. (The) |
700 | 18,669 | ||||||
| Tokyo Gas Co., Ltd. |
1,000 | 4,409 | ||||||
| Tokyu Livable, Inc. |
100 | 912 | ||||||
| Toyota Motor Corp. |
1,500 | 60,119 | ||||||
| Toyota Tsusho Corp. |
100 | 1,569 | ||||||
| USS Co., Ltd. |
110 | 7,475 | ||||||
| Yamaha Corp. |
100 | 1,292 | ||||||
| Yamatake Corp. |
200 | 4,679 | ||||||
| Yamazen Corp. |
800 | 3,399 | ||||||
| Yokogawa Electric Corp.* |
400 | 3,485 | ||||||
| Total Japan | 1,182,160 | |||||||
| Netherlands – 2.5% | ||||||||
| Akzo Nobel N.V. |
370 | 21,125 | ||||||
| Corio N.V. |
187 | 12,508 | ||||||
| Heineken N.V. |
421 | 21,675 | ||||||
| Koninklijke Ahold N.V. |
1,030 | 13,756 | ||||||
| Koninklijke DSM N.V. |
429 | 19,165 | ||||||
| Koninklijke KPN N.V. |
2,045 | 32,458 | ||||||
| Koninklijke Philips Electronics N.V. |
1,273 | 40,892 | ||||||
| Reed Elsevier N.V. |
943 | 11,481 | ||||||
| STMicroelectronics N.V. |
1,316 | 13,017 | ||||||
| Unilever N.V. CVA |
1,250 | 37,878 | ||||||
| Wolters Kluwer N.V. |
708 | 15,381 | ||||||
| Total Netherlands | 239,336 | |||||||
| New Zealand – 0.2% | ||||||||
| Contact Energy Ltd.* |
1,615 | 7,334 | ||||||
| Fletcher Building Ltd. |
1,246 | 7,382 | ||||||
| Telecom Corp. of New Zealand Ltd. |
5,674 | 8,737 | ||||||
| Total New Zealand | 23,453 | |||||||
| Norway – 1.2% | ||||||||
| Fred Olsen Energy ASA |
560 | 21,463 | ||||||
| Orkla ASA |
1,826 | 16,166 | ||||||
| Statoil ASA |
3,427 | 79,444 | ||||||
| Total Norway | 117,073 | |||||||
| Portugal – 0.9% | ||||||||
| Banco Espirito Santo S.A. |
1,853 | 10,029 | ||||||
| Brisa Auto-Estradas de Portugal S.A. |
1,827 | 15,525 | ||||||
| EDP-Energias de Portugal S.A. |
4,592 | 18,286 | ||||||
| Galp Energia, SGPS, S.A. Class B |
926 | 16,113 | ||||||
| Portugal Telecom, SGPS, S.A. |
2,137 | 23,937 | ||||||
| Total Portugal | 83,890 | |||||||
| Singapore – 2.2% | ||||||||
| CapitaLand Ltd. |
3,000 | 8,519 | ||||||
| Cosco Corp.(Singapore) Ltd. |
7,000 | 6,209 | ||||||
| Fraser and Neave Ltd. |
1,000 | 3,433 | ||||||
| Keppel Corp., Ltd. |
1,000 | 6,523 | ||||||
| Oversea-Chinese Banking Corp., Ltd. |
1,000 | 6,230 | ||||||
| Pacific Century Regional Developments Ltd. |
27,000 | 3,766 | ||||||
| SembCorp Industries Ltd. |
1,000 | 2,954 | ||||||
| Investments | Shares | Value | ||||||
| SembCorp Marine Ltd. |
3,000 | $ | 8,991 | |||||
| SIA Engineering Co., Ltd. |
3,000 | 7,618 | ||||||
| Singapore Airlines Ltd. |
3,000 | 32,617 | ||||||
| Singapore Airport Terminal Services Ltd. |
7,000 | 13,269 | ||||||
| Singapore Exchange Ltd. |
3,000 | 16,416 | ||||||
| Singapore Land Ltd. |
3,000 | 14,592 | ||||||
| Singapore Press Holdings Ltd. |
3,000 | 8,197 | ||||||
| Singapore Technologies Engineering Ltd. |
7,000 | 15,972 | ||||||
| Singapore Telecommunications Ltd. |
12,000 | 27,209 | ||||||
| StarHub Ltd. |
4,000 | 6,552 | ||||||
| United Overseas Bank Ltd. |
1,000 | 13,748 | ||||||
| Wilmar International Ltd. |
1,000 | 4,792 | ||||||
| Total Singapore | 207,607 | |||||||
| Spain – 7.2% | ||||||||
| Abertis Infraestructuras, S.A. |
644 | 12,417 | ||||||
| Acciona, S.A. |
68 | 7,555 | ||||||
| ACS Actividades de Construccion y Servicios, S.A. |
362 | 16,732 | ||||||
| Banco Bilbao Vizcaya Argentaria S.A. |
4,117 | 56,431 | ||||||
| Banco de Sabadell S.A. |
2,076 | 11,483 | ||||||
| Banco Espanol de Credito S.A. |
1,369 | 14,449 | ||||||
| Banco Pastor S.A. |
935 | 5,434 | ||||||
| Banco Popular Espanol S.A. |
2,084 | 15,368 | ||||||
| Banco Santander S.A. |
11,048 | 147,099 | ||||||
| Bolsas y Mercados Espanoles S.A. |
482 | 12,927 | ||||||
| Cia Espanola de Petroleos S.A. |
214 | 6,035 | ||||||
| Criteria Caixacorp S.A. |
5,299 | 26,307 | ||||||
| Ferrovial S.A. |
1,934 | 18,842 | ||||||
| Fomento de Construcciones y Contratas S.A. |
323 | 11,846 | ||||||
| Gas Natural SDG S.A. |
1,822 | 33,701 | ||||||
| Gestevision Telecinco S.A. |
1,035 | 16,273 | ||||||
| Iberdrola S.A. |
4,141 | 35,160 | ||||||
| Inditex S.A. |
616 | 40,679 | ||||||
| Mapfre S.A. |
3,863 | 14,197 | ||||||
| Red Electrica Corp. S.A. |
207 | 11,129 | ||||||
| Repsol YPF S.A. |
1,547 | 36,695 | ||||||
| Telefonica S.A. |
5,460 | 129,584 | ||||||
| Zardoya Otis, S.A. |
486 | 8,437 | ||||||
| Total Spain | 688,780 | |||||||
| Sweden – 2.7% | ||||||||
| Atlas Copco AB Class A |
1,508 | 23,468 | ||||||
| Hennes & Mauritz AB Class B |
779 | 50,775 | ||||||
| Nordea Bank AB |
2,181 | 21,592 | ||||||
| Sandvik AB |
2,049 | 25,694 | ||||||
| Skanska AB Class B |
1,416 | 25,813 | ||||||
| Svenska Cellulosa AB Class B* |
1,190 | 16,832 | ||||||
| Svenska Handelsbanken AB Class A |
887 | 26,079 | ||||||
| Tele2 AB Class B |
1,297 | 21,716 | ||||||
| Telefonaktiebolaget LM Ericsson Class B |
1,857 | 19,636 | ||||||
| TeliaSonera AB* |
4,055 | 28,876 | ||||||
| Total Sweden | 260,481 | |||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 89 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Hedged Equity Fund (HEDJ)
March 31, 2010
| Investments | Shares | Value | ||||||
| Switzerland – 5.6% | ||||||||
| Adecco S.A. |
390 | $ | 22,176 | |||||
| Compagnie Financiere Richemont S.A. Class A |
935 | 36,270 | ||||||
| Geberit AG |
123 | 22,051 | ||||||
| Holcim Ltd.* |
354 | 26,435 | ||||||
| Kuehne + Nagel International AG |
139 | 14,091 | ||||||
| Nestle S.A. |
2,484 | 127,439 | ||||||
| Novartis AG |
2,194 | 118,710 | ||||||
| Roche Holding AG |
436 | 70,834 | ||||||
| SGS S.A. |
16 | 22,103 | ||||||
| Swisscom AG |
67 | 24,494 | ||||||
| Syngenta AG |
48 | 13,353 | ||||||
| Zurich Financial Services AG |
152 | 39,034 | ||||||
| Total Switzerland | 536,990 | |||||||
| United Kingdom – 19.1% | ||||||||
| Admiral Group PLC |
848 | 16,980 | ||||||
| Antofagasta PLC |
1,878 | 29,627 | ||||||
| Associated British Foods PLC |
1,209 | 17,945 | ||||||
| AstraZeneca PLC |
1,372 | 61,166 | ||||||
| Aviva PLC |
3,613 | 21,117 | ||||||
| BAE Systems PLC |
4,098 | 23,081 | ||||||
| BG Group PLC |
733 | 12,681 | ||||||
| BHP Billiton PLC |
1,655 | 56,737 | ||||||
| BP PLC |
24,275 | 229,553 | ||||||
| British American Tobacco PLC |
1,754 | 60,437 | ||||||
| British Land Co. PLC |
1,480 | 10,801 | ||||||
| British Sky Broadcasting Group PLC |
1,694 | 15,469 | ||||||
| BT Group PLC |
24,047 | 45,195 | ||||||
| Cable & Wireless Communications PLC |
7,086 | 5,949 | ||||||
| Cable & Wireless Worldwide* |
7,086 | 9,889 | ||||||
| Centrica PLC |
5,133 | 22,884 | ||||||
| Compass Group PLC |
2,972 | 23,713 | ||||||
| Diageo PLC |
2,014 | 33,789 | ||||||
| Drax Group PLC |
2,052 | 11,629 | ||||||
| Eurasian Natural Resources Corp. PLC |
1,368 | 24,735 | ||||||
| GlaxoSmithKline PLC |
4,801 | 92,162 | ||||||
| HSBC Holdings PLC |
14,921 | 151,193 | ||||||
| Imperial Tobacco Group PLC |
844 | 25,733 | ||||||
| International Power PLC |
3,190 | 15,431 | ||||||
| J. Sainsbury PLC |
2,944 | 14,630 | ||||||
| Land Securities Group PLC |
1,484 | 15,262 | ||||||
| Legal & General Group PLC |
10,508 | 14,035 | ||||||
| Man Group PLC |
4,345 | 15,917 | ||||||
| Marks & Spencer Group PLC |
3,502 | 19,660 | ||||||
| National Grid PLC |
3,027 | 29,456 | ||||||
| Pearson PLC |
1,488 | 23,384 | ||||||
| Prudential PLC |
2,462 | 20,447 | ||||||
| Reckitt Benckiser Group PLC |
419 | 22,989 | ||||||
| Reed Elsevier PLC |
1,587 | 12,650 | ||||||
| Rio Tinto PLC |
776 | 45,966 | ||||||
| Royal Dutch Shell PLC Class A |
3,556 | 103,027 | ||||||
| Royal Dutch Shell PLC Class B |
3,222 | 88,732 | ||||||
| RSA Insurance Group PLC |
7,101 | 13,734 | ||||||
| Investments | Shares | Value | ||||||
| SABMiller PLC |
947 | $ | 27,753 | |||||
| Scottish & Southern Energy PLC |
1,018 | 17,002 | ||||||
| Segro PLC |
3,211 | 15,567 | ||||||
| Severn Trent PLC |
755 | 13,686 | ||||||
| Standard Chartered PLC |
1,612 | 43,953 | ||||||
| Standard Life PLC |
4,365 | 13,262 | ||||||
| Tesco PLC |
4,345 | 28,700 | ||||||
| Unilever PLC |
1,150 | 33,755 | ||||||
| United Utilities Group PLC |
2,287 | 19,393 | ||||||
| Vodafone Group PLC |
57,968 | 133,656 | ||||||
| WM Morrison Supermarkets PLC |
3,377 | 15,035 | ||||||
| Total United Kingdom | 1,819,547 | |||||||
| United States – 0.1% | ||||||||
| Kraft Foods, Inc. Class A |
238 | 7,197 | ||||||
| TOTAL COMMON STOCKS (Cost: $9,129,004) |
9,443,250 | |||||||
| RIGHTS – 0.0% | ||||||||
| Germany – 0.0% | ||||||||
| Volkswagen AG, expiring 4/13/10* |
48 | 30 | ||||||
| Spain – 0.0% | ||||||||
| Banco Pastor S.A., expiring 4/19/10* |
935 | 121 | ||||||
| TOTAL RIGHTS (Cost: $0) |
151 | |||||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $9,129,004) |
9,443,401 | |||||||
| SHORT-TERM INVESTMENT – 0.8% | ||||||||
| MONEY MARKET FUND – 0.8% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $70,917) | 70,917 | 70,917 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $9,199,921) |
9,514,318 | |||||||
| Foreign Currency and Other Assets in Excess of Liabilities – 0.3% |
30,700 | |||||||
| NET ASSETS – 100.0% | $ | 9,545,018 | ||||||
| RSP | – Risparmio Italian Savings Shares |
| * | Non-income producing security. |
| (a) | Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
See Notes to Financial Statements.
| 90 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International Basic Materials Sector Fund (DBN)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% | ||||||||
| Australia – 20.1% | ||||||||
| Adelaide Brighton Ltd. |
71,092 | $ | 168,349 | |||||
| BHP Billiton Ltd. |
143,631 | 5,746,543 | ||||||
| BlueScope Steel Ltd.* |
147,490 | 393,937 | ||||||
| Boral Ltd. |
57,942 | 298,351 | ||||||
| Felix Resources Ltd. In Specie*† †† |
12,885 | 1,203 | ||||||
| Incitec Pivot Ltd. |
159,621 | 508,383 | ||||||
| OneSteel Ltd. |
110,060 | 393,972 | ||||||
| Orica Ltd. |
24,401 | 600,001 | ||||||
| Rio Tinto Ltd. |
21,625 | 1,556,122 | ||||||
| Sims Metal Management Ltd. |
11,513 | 228,886 | ||||||
| Total Australia | 9,895,747 | |||||||
| Austria – 2.2% | ||||||||
| voestalpine AG |
26,596 | 1,077,812 | ||||||
| Belgium – 1.9% | ||||||||
| Solvay S.A. |
6,144 | 632,736 | ||||||
| Umicore |
7,801 | 272,913 | ||||||
| Total Belgium | 905,649 | |||||||
| Denmark – 0.2% | ||||||||
| Auriga Industries Class B |
4,153 | 78,502 | ||||||
| Finland – 2.7% | ||||||||
| Outokumpu Oyj(a) |
10,597 | 233,005 | ||||||
| Rautaruukki Oyj(a) |
20,406 | 441,782 | ||||||
| UPM-Kymmene Oyj(a) |
50,151 | 666,717 | ||||||
| Total Finland | 1,341,504 | |||||||
| France – 7.9% | ||||||||
| Air Liquide S.A. |
11,875 | 1,428,129 | ||||||
| Arkema S.A. |
4,325 | 160,407 | ||||||
| Ciments Francais S.A. |
2,390 | 229,575 | ||||||
| Eramet(a) |
1,017 | 350,700 | ||||||
| Imerys S.A. |
5,628 | 347,560 | ||||||
| Lafarge S.A. |
16,519 | 1,164,531 | ||||||
| Sa des Ciments Vicat |
2,360 | 185,244 | ||||||
| Total France | 3,866,146 | |||||||
| Germany – 16.4% | ||||||||
| Aurubis AG |
6,227 | 321,484 | ||||||
| BASF SE |
84,426 | 5,245,753 | ||||||
| K+S AG |
13,444 | 817,325 | ||||||
| Lanxess AG |
4,437 | 204,816 | ||||||
| Linde AG |
6,938 | 829,319 | ||||||
| Salzgitter AG |
2,087 | 194,088 | ||||||
| Symrise AG |
8,862 | 211,404 | ||||||
| Wacker Chemie AG |
1,666 | 248,871 | ||||||
| Total Germany | 8,073,060 | |||||||
| Hong Kong – 0.5% | ||||||||
| China Agri-Industries Holdings Ltd. |
174,000 | 240,226 | ||||||
| Ireland – 1.7% | ||||||||
| CRH PLC |
33,530 | 838,881 | ||||||
| Investments | Shares | Value | ||||||
| Italy – 0.5% | ||||||||
| Buzzi Unicem SpA |
10,851 | $ | 136,914 | |||||
| Italcementi SpA |
9,914 | 114,829 | ||||||
| Total Italy | 251,743 | |||||||
| Japan – 13.2% | ||||||||
| Air Water, Inc. |
11,000 | 125,963 | ||||||
| Asahi Kasei Corp. |
57,000 | 306,839 | ||||||
| DIC Corp. |
88,000 | 190,240 | ||||||
| JFE Holdings, Inc. |
23,100 | 930,774 | ||||||
| JSR Corp. |
11,800 | 246,633 | ||||||
| Kaneka Corp. |
24,000 | 155,651 | ||||||
| Kuraray Co., Ltd. |
18,000 | 242,337 | ||||||
| Mitsubishi Chemical Holdings Corp. |
76,500 | 391,342 | ||||||
| Mitsubishi Gas Chemical Co., Inc. |
34,000 | 204,859 | ||||||
| Nippon Mining Holdings, Inc. |
51,500 | 236,721 | ||||||
| Nippon Paper Group, Inc. |
7,800 | 200,760 | ||||||
| Nippon Steel Corp. |
115,000 | 451,680 | ||||||
| Nisshin Steel Co., Ltd. |
69,000 | 143,996 | ||||||
| OJI Paper Co., Ltd. |
54,000 | 236,943 | ||||||
| Shin-Etsu Chemical Co., Ltd. |
14,000 | 813,570 | ||||||
| Showa Denko K.K. |
94,000 | 212,265 | ||||||
| Sumitomo Chemical Co., Ltd. |
64,000 | 313,014 | ||||||
| Sumitomo Metal Industries Ltd. |
274,000 | 829,859 | ||||||
| Taiyo Nippon Sanso Corp. |
14,000 | 136,943 | ||||||
| Ube Industries Ltd. |
51,000 | 130,993 | ||||||
| Total Japan | 6,501,382 | |||||||
| Netherlands – 1.3% | ||||||||
| Koninklijke DSM N.V. |
14,267 | 637,344 | ||||||
| New Zealand – 0.8% | ||||||||
| Fletcher Building Ltd. |
61,428 | 363,945 | ||||||
| Norway – 0.9% | ||||||||
| Yara International ASA |
10,287 | 447,133 | ||||||
| Portugal – 1.1% | ||||||||
| Cimpor Cimentos de Portugal SGPS S.A. |
48,996 | 370,929 | ||||||
| Portucel Empresa Produtora de Pasta e Papel S.A.(a) |
66,326 | 189,363 | ||||||
| Total Portugal | 560,292 | |||||||
| Spain – 0.7% | ||||||||
| Acerinox S.A. |
16,747 | 330,275 | ||||||
| Sweden – 1.1% | ||||||||
| Holmen AB Class B(a) |
6,855 | 185,257 | ||||||
| SSAB AB Class A(a) |
20,344 | 366,910 | ||||||
| Total Sweden | 552,167 | |||||||
| Switzerland – 5.5% | ||||||||
| EMS-Chemie Holding AG |
2,910 | 399,778 | ||||||
| Holcim Ltd.* |
19,976 | 1,491,723 | ||||||
| Syngenta AG |
2,959 | 823,139 | ||||||
| Total Switzerland | 2,714,640 | |||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 91 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Basic Materials Sector Fund (DBN)
March 31, 2010
| Investments | Shares | Value | ||||||
| United Kingdom – 21.0% | ||||||||
| Antofagasta PLC |
89,372 | $ | 1,409,912 | |||||
| BHP Billiton PLC |
106,348 | 3,645,817 | ||||||
| Bunzl PLC |
26,802 | 293,130 | ||||||
| Eurasian Natural Resources Corp. PLC |
55,182 | 997,771 | ||||||
| Johnson Matthey PLC |
11,067 | 293,110 | ||||||
| Mondi PLC |
34,788 | 244,905 | ||||||
| Rio Tinto PLC |
52,002 | 3,080,337 | ||||||
| Vedanta Resources PLC(a) |
7,988 | 336,368 | ||||||
| Total United Kingdom | 10,301,350 | |||||||
| TOTAL COMMON STOCKS (Cost: $49,977,971) |
48,977,798 | |||||||
| SHORT-TERM INVESTMENT – 0.2% | ||||||||
| MONEY MARKET FUND – 0.2% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $106,239) | 106,239 | 106,239 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.5% | ||||||||
| MONEY MARKET FUND – 5.5% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $2,691,022)(d) | 2,691,022 | 2,691,022 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 105.4% (Cost: $52,775,232) |
51,775,059 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (5.4)% |
(2,637,759 | ) | ||||||
| NET ASSETS – 100.0% | $ | 49,137,300 | ||||||
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $1,203, which represents .0024% of net assets. |
| †† | Restricted security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $2,559,133 and the total market value of the collateral held by the Fund was $2,691,022. |
See Notes to Financial Statements.
| 92 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International Energy Sector Fund (DKA)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.6% | ||||||||
| Australia – 10.2% | ||||||||
| Beach Energy Ltd. |
19,322 | $ | 13,124 | |||||
| Centennial Coal Co., Ltd. |
28,942 | 113,164 | ||||||
| Gloucester Coal Ltd.* |
3,892 | 32,150 | ||||||
| New Hope Corp., Ltd. |
26,438 | 125,456 | ||||||
| Santos Ltd. |
94,321 | 1,269,153 | ||||||
| Whitehaven Coal Ltd. |
5,797 | 27,295 | ||||||
| Woodside Petroleum Ltd. |
40,971 | 1,763,685 | ||||||
| WorleyParsons Ltd. |
54,979 | 1,284,270 | ||||||
| Total Australia | 4,628,297 | |||||||
| Austria – 3.0% | ||||||||
| OMV AG |
32,803 | 1,233,035 | ||||||
| Schoeller-Bleckmann Oilfield Equipment AG |
2,775 | 146,477 | ||||||
| Total Austria | 1,379,512 | |||||||
| Finland – 3.2% | ||||||||
| Neste Oil Oyj |
83,713 | 1,462,342 | ||||||
| France – 13.6% | ||||||||
| Etablissements Maurel et Prom |
65,969 | 1,075,168 | ||||||
| Technip S.A. |
22,779 | 1,855,499 | ||||||
| TOTAL S.A. |
55,873 | 3,249,362 | ||||||
| Total France | 6,180,029 | |||||||
| Hong Kong – 6.1% | ||||||||
| CNOOC Ltd. |
1,696,318 | 2,791,987 | ||||||
| Italy – 10.9% | ||||||||
| ENI SpA |
123,439 | 2,901,228 | ||||||
| ERG SpA |
11,024 | 155,580 | ||||||
| Saipem SpA |
49,094 | 1,903,193 | ||||||
| Total Italy | 4,960,001 | |||||||
| Japan – 6.2% | ||||||||
| AOC Holdings, Inc. |
1,400 | 8,660 | ||||||
| Cosmo Oil Co., Ltd. |
13,000 | 31,443 | ||||||
| Idemitsu Kosan Co., Ltd. |
400 | 30,308 | ||||||
| Itochu Enex Co., Ltd. |
3,000 | 15,828 | ||||||
| Modec, Inc. |
200 | 3,590 | ||||||
| Nippon Oil Corp. |
209,000 | 1,035,606 | ||||||
| San-Ai Oil Co., Ltd. |
1,000 | 4,013 | ||||||
| Showa Shell Sekiyu K.K. |
103,900 | 702,748 | ||||||
| Sinanen Co., Ltd. |
16,000 | 66,267 | ||||||
| TonenGeneral Sekiyu K.K. |
111,250 | 939,386 | ||||||
| Total Japan | 2,837,849 | |||||||
| Netherlands – 4.3% | ||||||||
| Fugro N.V. CVA |
27,831 | 1,822,276 | ||||||
| SBM Offshore N.V. |
7,703 | 154,416 | ||||||
| Total Netherlands | 1,976,692 | |||||||
| Norway – 6.9% | ||||||||
| Aker ASA Class A |
6,541 | 180,724 | ||||||
| Statoil ASA |
126,674 | 2,936,527 | ||||||
| Total Norway | 3,117,251 | |||||||
| Investments | Shares | Value | ||||||
| Portugal – 3.8% | ||||||||
| Galp Energia, SGPS, S.A. Class B |
99,292 | $ | 1,727,766 | |||||
| Singapore – 0.4% | ||||||||
| Straits Asia Resources Ltd. |
130,000 | 200,851 | ||||||
| Spain – 6.6% | ||||||||
| Cia Espanola de Petroleos S.A. |
33,384 | 941,382 | ||||||
| Repsol YPF S.A. |
86,763 | 2,058,004 | ||||||
| Total Spain | 2,999,386 | |||||||
| United Kingdom – 24.4% | ||||||||
| BG Group PLC |
75,415 | $ | 1,304,698 | |||||
| BP PLC |
413,228 | 3,907,632 | ||||||
| Hunting PLC |
2,601 | 24,284 | ||||||
| JKX Oil & Gas PLC |
3,187 | 13,633 | ||||||
| John Wood Group PLC |
10,819 | 59,639 | ||||||
| Royal Dutch Shell PLC Class A |
104,772 | 3,035,538 | ||||||
| Royal Dutch Shell PLC Class B |
97,305 | 2,679,715 | ||||||
| Tullow Oil PLC |
4,382 | 83,088 | ||||||
| Wellstream Holdings PLC |
1,672 | 16,613 | ||||||
| Total United Kingdom | 11,124,840 | |||||||
| TOTAL COMMON STOCKS (Cost: $52,594,060) |
45,386,803 | |||||||
| SHORT-TERM INVESTMENT – 0.6% | ||||||||
| MONEY MARKET FUND – 0.6% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(a) |
||||||||
| (Cost: $261,366) | 261,366 | 261,366 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.2% (Cost: $52,855,426) |
45,648,169 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (0.2)% |
(79,481 | ) | ||||||
| NET ASSETS – 100.0% | $ | 45,568,688 | ||||||
| * | Non-income producing security. |
| (a) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 93 |
Table of Contents
Schedule of Investments
WisdomTree International Utilities Sector Fund (DBU)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.7% | ||||||||
| Australia – 2.3% | ||||||||
| AGL Energy Ltd. |
35,695 | $ | 492,423 | |||||
| Origin Energy Ltd. |
40,809 | 619,905 | ||||||
| Total Australia | 1,112,328 | |||||||
| Austria – 1.3% | ||||||||
| EVN AG |
6,687 | 116,360 | ||||||
| Verbund – Oesterreichische Elektrizitaetswirtschafts AG Class A(a) |
13,433 | 534,198 | ||||||
| Total Austria | 650,558 | |||||||
| Finland – 3.3% | ||||||||
| Fortum Oyj(a) |
65,576 | 1,606,916 | ||||||
| France – 16.1% | ||||||||
| Electricite de France |
61,970 | 3,387,604 | ||||||
| GDF Suez |
86,808 | 3,359,352 | ||||||
| Veolia Environnement |
34,534 | 1,199,973 | ||||||
| Total France | 7,946,929 | |||||||
| Germany – 13.4% | ||||||||
| E.ON AG |
88,063 | 3,257,183 | ||||||
| RWE AG |
37,972 | 3,370,521 | ||||||
| Total Germany | 6,627,704 | |||||||
| Hong Kong – 5.1% | ||||||||
| China Resources Power Holdings Co., Ltd. |
36,000 | 77,057 | ||||||
| CLP Holdings Ltd. |
144,822 | 1,035,149 | ||||||
| Hong Kong & China Gas Co., Ltd. |
241,360 | 601,791 | ||||||
| Hongkong Electric Holdings Ltd. |
137,386 | 814,793 | ||||||
| Total Hong Kong | 2,528,790 | |||||||
| Italy – 15.1% | ||||||||
| A2A SpA |
333,219 | 626,270 | ||||||
| Edison SpA(a) |
398,408 | 608,089 | ||||||
| Enel SpA |
600,173 | 3,362,068 | ||||||
| Hera SpA |
137,216 | 323,246 | ||||||
| Iride SpA |
156,213 | 303,318 | ||||||
| Snam Rete Gas SpA |
279,390 | 1,418,604 | ||||||
| Terna Rete Elettrica Nazionale SpA |
186,437 | 807,888 | ||||||
| Total Italy | 7,449,483 | |||||||
| Japan – 12.8% | ||||||||
| Chubu Electric Power Co., Inc. |
30,400 | 760,326 | ||||||
| Chugoku Electric Power Co., Inc. (The) |
18,600 | 369,850 | ||||||
| Electric Power Development Co., Ltd. |
11,600 | 382,363 | ||||||
| Hokkaido Electric Power Co., Inc. |
17,700 | 339,831 | ||||||
| Hokuriku Electric Power Co. |
13,500 | 297,046 | ||||||
| Kansai Electric Power Co., Inc. (The) |
37,000 | 848,181 | ||||||
| Kyushu Electric Power Co., Inc. |
23,100 | 503,088 | ||||||
| Osaka Gas Co., Ltd. |
102,000 | 365,689 | ||||||
| Shikoku Electric Power Co., Inc. |
10,400 | 294,837 | ||||||
| Tohoku Electric Power Co., Inc. |
24,400 | 515,993 | ||||||
| Tokyo Electric Power Co., Inc. (The) |
41,100 | 1,096,117 | ||||||
| Tokyo Gas Co., Ltd. |
121,000 | 533,519 | ||||||
| Total Japan | 6,306,840 | |||||||
| Investments | Shares | Value | ||||||
| New Zealand – 1.1% | ||||||||
| Contact Energy Ltd.* |
85,393 | $ | 387,780 | |||||
| Vector Ltd. |
105,066 | 158,045 | ||||||
| Total New Zealand | 545,825 | |||||||
| Portugal – 2.0% | ||||||||
| EDP-Energias de Portugal S.A. |
248,979 | 991,477 | ||||||
| Spain – 12.9% | ||||||||
| Enagas |
21,930 | 481,452 | ||||||
| Gas Natural SDG S.A. |
113,096 | 2,091,922 | ||||||
| Iberdrola S.A. |
350,868 | 2,979,114 | ||||||
| Red Electrica Corp. S.A. |
9,285 | 499,212 | ||||||
| Sociedad General de Aguas de Barcelona S.A. Class A |
11,663 | 314,204 | ||||||
| Total Spain | 6,365,904 | |||||||
| Switzerland – 0.6% | ||||||||
| BKW FMB Energie AG |
4,115 | 306,313 | ||||||
| United Kingdom – 13.7% | ||||||||
| Centrica PLC |
299,582 | 1,335,588 | ||||||
| Drax Group PLC |
62,381 | 353,522 | ||||||
| International Power PLC |
120,757 | 584,149 | ||||||
| National Grid PLC |
173,961 | 1,692,800 | ||||||
| Northumbrian Water Group PLC |
69,383 | 297,954 | ||||||
| Pennon Group PLC |
37,903 | 300,412 | ||||||
| Scottish & Southern Energy PLC |
57,714 | 963,886 | ||||||
| Severn Trent PLC |
24,332 | 441,065 | ||||||
| United Utilities Group PLC |
91,256 | 773,803 | ||||||
| Total United Kingdom | 6,743,179 | |||||||
| TOTAL COMMON STOCKS (Cost: $62,586,115) |
49,182,246 | |||||||
| SHORT-TERM INVESTMENT – 0.0% | ||||||||
| MONEY MARKET FUND – 0.0% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(b) |
||||||||
| (Cost: $31,051) | 31,051 | 31,051 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.5% | ||||||||
| MONEY MARKET FUND – 5.5% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(c) |
||||||||
| (Cost: $2,697,022)(d) | 2,697,022 | 2,697,022 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 105.2% (Cost: $65,314,188) |
51,910,319 | |||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (5.2)% |
(2,562,303 | ) | ||||||
| NET ASSETS – 100.0% | $ | 49,348,016 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (c) | Interest rate shown reflects yield as of March 31, 2010. |
| (d) | At March 31, 2010, the total market value of the Fund’s securities on loan was $2,560,708 and the total market value of the collateral held by the Fund was $2,697,022. |
See Notes to Financial Statements.
| 94 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International Real Estate Fund (DRW)
March 31, 2010
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 99.1% | ||||||||
| Australia – 17.4% | ||||||||
| Abacus Property Group |
651,405 | $ | 239,157 | |||||
| Astro Japan Property Group(a) |
487,112 | 163,190 | ||||||
| Australand Property Group |
723,935 | 338,876 | ||||||
| CFS Retail Property Trust |
487,397 | 838,795 | ||||||
| Charter Hall Office REIT |
1,770,238 | 463,071 | ||||||
| Charter Hall Retail REIT |
864,549 | 444,375 | ||||||
| Commonwealth Property Office Fund |
526,876 | 437,652 | ||||||
| Dexus Property Group |
1,124,971 | 836,369 | ||||||
| FKP Property Group |
359,642 | 236,020 | ||||||
| GPT Group |
2,835,438 | 1,496,441 | ||||||
| GPT Group In Specie*† †† |
2,305,813 | — | ||||||
| ING Office Fund(b) |
812,120 | 436,061 | ||||||
| Lend Lease Group(b) |
145,110 | 1,153,418 | ||||||
| Stockland |
563,792 | 2,064,730 | ||||||
| Westfield Group |
499,612 | 5,530,339 | ||||||
| Total Australia | 14,678,494 | |||||||
| Belgium – 0.9% | ||||||||
| Cofinimmo |
5,217 | 736,619 | ||||||
| Finland – 0.3% | ||||||||
| Citycon Oyj |
74,651 | 297,980 | ||||||
| France – 16.1% | ||||||||
| Fonciere Des Regions(a) |
15,157 | 1,672,503 | ||||||
| Gecina S.A. |
33,008 | 3,659,695 | ||||||
| ICADE |
10,353 | 1,154,452 | ||||||
| Klepierre |
44,200 | 1,739,187 | ||||||
| Mercialys S.A. |
12,684 | 456,528 | ||||||
| Societe Immobiliere de Location pour l’Industrie et le Commerce |
5,012 | 634,024 | ||||||
| Unibail-Rodamco SE |
20,953 | 4,252,724 | ||||||
| Total France | 13,569,113 | |||||||
| Germany – 0.6% | ||||||||
| Alstria Office REIT-AG |
20,530 | 233,345 | ||||||
| Deutsche Euroshop AG |
8,363 | 275,148 | ||||||
| Total Germany | 508,493 | |||||||
| Hong Kong – 26.0% | ||||||||
| Champion Real Estate Investment Trust(a) |
1,725,000 | 824,211 | ||||||
| Cheung Kong (Holdings) Ltd. |
249,238 | 3,209,886 | ||||||
| China Overseas Land & Investment Ltd. |
270,400 | 610,818 | ||||||
| GZI Real Estate Investment Trust |
607,233 | 258,074 | ||||||
| Hang Lung Group Ltd. |
109,649 | 581,805 | ||||||
| Hang Lung Properties Ltd. |
434,283 | 1,750,622 | ||||||
| Henderson Land Development Co., Ltd. |
195,320 | 1,375,971 | ||||||
| Hopewell Holdings Ltd. |
119,500 | 353,974 | ||||||
| Hysan Development Co., Ltd. |
159,115 | 460,048 | ||||||
| Kowloon Development Co., Ltd. |
252,398 | 319,857 | ||||||
| Link REIT (The) |
380,446 | 937,800 | ||||||
| New World Development Ltd. |
372,125 | 728,463 | ||||||
| Regal Real Estate Investment Trust |
1,898,000 | 466,880 | ||||||
| Shenzhen Investment Ltd. |
562,000 | 208,451 | ||||||
| Sino Land Co., Ltd. |
606,305 | 1,188,451 | ||||||
| Investments | Shares | Value | ||||||
| Sino-Ocean Land Holdings Ltd. |
266,500 | $ | 234,762 | |||||
| Sun Hung Kai Properties Ltd. |
269,871 | 4,059,517 | ||||||
| Sunlight Real Estate Investment Trust |
1,160,000 | 286,837 | ||||||
| Swire Pacific Ltd. Class A |
114,959 | 1,382,818 | ||||||
| Swire Pacific Ltd. Class B |
387,298 | 849,944 | ||||||
| Wharf Holdings Ltd. |
296,545 | 1,670,875 | ||||||
| Wheelock & Co., Ltd. |
56,231 | 165,839 | ||||||
| Total Hong Kong | 21,925,903 | |||||||
| Japan – 13.4% | ||||||||
| Aeon Mall Co., Ltd. |
7,196 | 151,791 | ||||||
| DA Office Investment Corp. |
174 | 371,873 | ||||||
| Daito Trust Construction Co., Ltd. |
11,400 | 550,235 | ||||||
| Daiwa House Industry Co., Ltd. |
58,000 | 654,859 | ||||||
| Frontier Real Estate Investment Corp. |
36 | 279,709 | ||||||
| Fukuoka REIT Co. |
42 | 224,069 | ||||||
| Japan Excellent, Inc. |
62 | 295,933 | ||||||
| Japan Logistics Fund, Inc. |
24 | 192,380 | ||||||
| Japan Prime Realty Investment Corp. |
194 | 432,057 | ||||||
| Japan Real Estate Investment Corp. |
86 | 733,540 | ||||||
| Japan Retail Fund Investment Corp. |
460 | 541,524 | ||||||
| Kenedix Realty Investment Corp. |
74 | 198,859 | ||||||
| MID REIT, Inc. |
99 | 202,789 | ||||||
| Mitsubishi Estate Co., Ltd. |
53,589 | 877,474 | ||||||
| Mitsui Fudosan Co., Ltd. |
46,308 | 786,503 | ||||||
| Mori Hills REIT Investment Corp.(a) |
54 | 118,645 | ||||||
| Mori Trust Sogo REIT, Inc. |
45 | 394,906 | ||||||
| Nippon Accommodations Fund, Inc. |
34 | 175,021 | ||||||
| Nippon Building Fund, Inc. |
114 | 982,128 | ||||||
| Nippon Commercial Investment Corp. |
150 | 202,590 | ||||||
| Nomura Real Estate Holdings, Inc. |
15,065 | 232,489 | ||||||
| Nomura Real Estate Office Fund, Inc. |
76 | 427,012 | ||||||
| Orix JREIT, Inc. |
73 | 330,859 | ||||||
| Premier Investment Corp. |
55 | 180,999 | ||||||
| Sumitomo Real Estate Sales Co., Ltd.(a) |
3,566 | 154,944 | ||||||
| Sumitomo Realty & Development Co., Ltd. |
20,279 | 386,091 | ||||||
| Tokyo Tatemono Co., Ltd. |
42,751 | 153,728 | ||||||
| Tokyu Land Corp.(a) |
45,168 | 172,570 | ||||||
| Tokyu REIT, Inc. |
48 | 252,483 | ||||||
| Top REIT, Inc. |
49 | 221,821 | ||||||
| United Urban Investment Corp. |
70 | 403,039 | ||||||
| Total Japan | 11,282,920 | |||||||
| Netherlands – 4.4% | ||||||||
| Corio N.V. |
19,658 | 1,314,933 | ||||||
| Eurocommercial Properties N.V. |
11,909 | 479,393 | ||||||
| Nieuwe Steen Investments Funds N.V. |
18,844 | 400,953 | ||||||
| Vastned Offices/Industrial N.V. |
14,600 | 265,708 | ||||||
| VastNed Retail N.V. |
7,813 | 522,774 | ||||||
| Wereldhave N.V. |
7,290 | 699,956 | ||||||
| Total Netherlands | 3,683,717 | |||||||
| New Zealand – 0.9% | ||||||||
| AMP NZ Office Trust |
362,625 | 192,975 | ||||||
| Goodman Property Trust |
426,291 | 302,475 | ||||||
| Kiwi Income Property Trust |
332,771 | 236,118 | ||||||
| Total New Zealand | 731,568 | |||||||
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 95 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Real Estate Fund (DRW)
March 31, 2010
| Investments | Shares | Value | ||||||
| Singapore – 9.4% | ||||||||
| Ascendas Real Estate Investment Trust(a) |
574,901 | $ | 789,535 | |||||
| Ascott Residence Trust |
377,000 | 334,380 | ||||||
| Cambridge Industrial Trust |
742,472 | 246,951 | ||||||
| CapitaCommercial Trust |
745,635 | 576,007 | ||||||
| CapitaLand Ltd. |
334,589 | 950,122 | ||||||
| CapitaMall Trust |
747,786 | 946,734 | ||||||
| CDL Hospitality Trusts(b) |
479,432 | 617,272 | ||||||
| City Developments Ltd.(a) |
38,103 | 288,897 | ||||||
| Frasers Centrepoint Trust |
300,432 | 287,957 | ||||||
| Frasers Commercial Trust |
1,775,070 | 190,451 | ||||||
| Keppel Land Ltd. |
120,168 | 315,451 | ||||||
| Lippo-Mapletree Indonesia Retail Trust |
530,782 | 182,236 | ||||||
| Mapletree Logistics Trust |
921,285 | 560,132 | ||||||
| Singapore Land Ltd. |
75,544 | 367,440 | ||||||
| Starhill Global REIT |
668,526 | 267,783 | ||||||
| Suntec Real Estate Investment Trust |
807,828 | 774,285 | ||||||
| UOL Group Ltd. |
96,000 | 267,802 | ||||||
| Total Singapore | 7,963,435 | |||||||
| Sweden – 1.9% | ||||||||
| Castellum AB(a) |
48,758 | 492,864 | ||||||
| Fabege AB(a) |
58,355 | 395,682 | ||||||
| Hufvudstaden AB Class A(a) |
43,621 | 374,267 | ||||||
| Wihlborgs Fastigheter AB |
14,407 | 305,275 | ||||||
| Total Sweden | 1,568,088 | |||||||
| United Kingdom – 7.8% | ||||||||
| British Land Co. PLC |
160,964 | 1,174,685 | ||||||
| Derwent London PLC |
12,674 | 262,616 | ||||||
| Hammerson PLC |
99,605 | 594,392 | ||||||
| Land Securities Group PLC |
224,548 | 2,309,383 | ||||||
| Segro PLC |
459,994 | 2,230,057 | ||||||
| Total United Kingdom | 6,571,133 | |||||||
| TOTAL COMMON STOCKS (Cost: $94,425,178) |
83,517,463 | |||||||
| SHORT-TERM INVESTMENT – 1.0% | ||||||||
| MONEY MARKET FUND – 1.0% | ||||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.02%(c) |
||||||||
| (Cost: $803,300) | 803,300 | 803,300 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.2% | ||||||||
| MONEY MARKET FUND – 5.2% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.11%(d) |
||||||||
| (Cost: $4,427,036)(e) | 4,427,036 | 4,427,036 | ||||||
| Investments | Shares | Value | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 105.3% (Cost: $99,655,514) |
$ | 88,747,799 | ||||||
| Liabilities in Excess of Foreign Currency and Other Assets – (5.3)% |
(4,472,220 | ) | ||||||
| NET ASSETS – 100.0% | $ | 84,275,579 | ||||||
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0% of net assets. |
| †† | Restricted security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2010 (See Note 2). |
| (b) | Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2010. |
| (d) | Interest rate shown reflects yield as of March 31, 2010. |
| (e) | At March 31, 2010, the total market value of the Fund’s securities on loan was $4,143,550 and the total market value of the collateral held by the Fund was $4,427,036. |
See Notes to Financial Statements.
| 96 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Statements of Assets and Liabilities
WisdomTree International Dividend and Sector Funds
March 31, 2010
| WisdomTree DEFA Fund |
WisdomTree DEFA Equity Income Fund |
WisdomTree Global Equity Income Fund1 |
WisdomTree Europe SmallCap Dividend Fund |
WisdomTree Japan Total Dividend Fund |
WisdomTree World ex-U.S. Growth Fund2 |
|||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||
| Investments, at cost |
$ | 426,502,253 | $ | 160,779,956 | $ | 41,235,734 | $ | 33,511,486 | $ | 63,704,641 | $ | 20,811,005 | ||||||||||||
| Investment in affiliate, at cost |
— | — | — | — | — | 328,051 | ||||||||||||||||||
| Foreign currency, at cost |
832,024 | 159,360 | 168,410 | 62,947 | — | 70,395 | ||||||||||||||||||
| Investments in securities, at value (including securities on loan)3 |
434,724,519 | 150,681,707 | 42,893,115 | 32,083,452 | 60,445,539 | 24,826,092 | ||||||||||||||||||
| Investment in affiliate, at value |
— | — | — | — | — | 358,979 | ||||||||||||||||||
| Cash |
— | — | 49,557 | — | 254,507 | — | ||||||||||||||||||
| Foreign currency, at value |
835,503 | 159,272 | 170,507 | 63,360 | — | 70,718 | ||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||
| Dividends and interest |
1,417,609 | 422,641 | 136,154 | 123,423 | 504,246 | 123,017 | ||||||||||||||||||
| Investment securities sold |
— | — | — | 95,863 | — | 64,473 | ||||||||||||||||||
| Unrealized appreciation on foreign currency contracts |
— | — | 79 | — | — | — | ||||||||||||||||||
| Foreign tax reclaims |
369,354 | 89,443 | 28,270 | 27,767 | — | 619 | ||||||||||||||||||
| Total Assets |
437,346,985 | 151,353,063 | 43,277,682 | 32,393,865 | 61,204,292 | 25,443,898 | ||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||
| Due to custodian |
— | — | — | — | 189,043 | — | ||||||||||||||||||
| Payables: |
||||||||||||||||||||||||
| Collateral for securities on loan (Note 2) |
— | 8,375,068 | — | 2,169,018 | 6,240,050 | 385,003 | ||||||||||||||||||
| Investment securities purchased |
— | — | — | 39,443 | — | — | ||||||||||||||||||
| Advisory fees (Note 3) |
177,397 | 70,631 | 20,940 | 14,468 | 21,902 | 11,951 | ||||||||||||||||||
| Service fees (Note 2) |
1,626 | 536 | 159 | 110 | 201 | 92 | ||||||||||||||||||
| Unrealized depreciation on foreign currency contracts |
27 | 16 | 52 | 674 | 2,383 | 1,483 | ||||||||||||||||||
| Distribution |
1,262,331 | 609,314 | 214,746 | 75,488 | — | 240,180 | ||||||||||||||||||
| Total Liabilities |
1,441,381 | 9,055,565 | 235,897 | 2,299,201 | 6,453,579 | 638,709 | ||||||||||||||||||
| NET ASSETS |
$ | 435,905,604 | $ | 142,297,498 | $ | 43,041,785 | $ | 30,094,664 | $ | 54,750,713 | $ | 24,805,189 | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Paid-in capital |
$ | 646,420,212 | $ | 221,437,461 | $ | 63,961,941 | $ | 55,564,169 | $ | 62,291,289 | $ | 33,987,711 | ||||||||||||
| Undistributed net investment income |
1,129,494 | 260,617 | 62,883 | 82,669 | 423,472 | 36,952 | ||||||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(219,881,026 | ) | (69,304,372 | ) | (22,642,472 | ) | (24,121,643 | ) | (4,697,717 | ) | (13,268,401 | ) | ||||||||||||
| Net unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
8,236,924 | (10,096,208 | ) | 1,659,433 | (1,430,531 | ) | (3,266,331 | ) | 4,048,927 | |||||||||||||||
| NET ASSETS |
$ | 435,905,604 | $ | 142,297,498 | $ | 43,041,785 | $ | 30,094,664 | $ | 54,750,713 | $ | 24,805,189 | ||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
9,450,000 | 3,400,000 | 1,050,000 | 800,000 | 1,300,000 | 500,000 | ||||||||||||||||||
| Net asset value per share |
$ | 46.13 | $ | 41.85 | $ | 40.99 | $ | 37.62 | $ | 42.12 | $ | 49.61 | ||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Europe Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree Global Equity Income Fund thereafter. |
| 2 | This information reflects the investment objective and strategy of the WisdomTree Japan Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree World ex-U.S. Growth Fund thereafter. |
| 3 | Market values of securities on loan were as follows: $0, $6,879,952, $0, $1,756,761, $5,945,247 and $361,474, respectively (Note 2). |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 97 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
| WisdomTree Japan SmallCap Dividend Fund |
WisdomTree Pacific ex-Japan Total Dividend Fund |
WisdomTree Pacific ex-Japan Equity Income Fund |
WisdomTree International LargeCap Dividend Fund |
WisdomTree International Dividend ex-Financials Fund |
WisdomTree International MidCap Dividend Fund |
|||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||
| Investments, at cost |
$ | 177,098,594 | $ | 89,412,919 | $ | 126,440,050 | $ | 164,188,444 | $ | 158,063,951 | $ | 170,152,341 | ||||||||||||
| Foreign currency, at cost |
98,648 | 149,936 | 390,429 | 175,339 | 1,150,593 | 136,381 | ||||||||||||||||||
| Investments in securities, at value (including securities on loan)2 |
172,796,192 | 91,831,054 | 132,396,440 | 155,731,554 | 167,016,573 | 159,921,152 | ||||||||||||||||||
| Foreign currency, at value |
98,352 | 149,873 | 390,442 | 175,763 | 1,168,475 | 136,278 | ||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||
| Dividends and interest |
1,410,269 | 304,506 | 790,398 | 499,214 | 407,537 | 581,950 | ||||||||||||||||||
| Investment securities sold |
— | — | — | — | — | — | ||||||||||||||||||
| Capital shares sold |
12,522,508 | — | — | — | — | — | ||||||||||||||||||
| Foreign tax reclaims |
— | 118 | — | 119,652 | 298,746 | 102,357 | ||||||||||||||||||
| Total Assets |
186,827,321 | 92,285,551 | 133,577,280 | 156,526,183 | 168,891,331 | 160,741,737 | ||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||
| Due to custodian |
— | — | 11 | — | — | — | ||||||||||||||||||
| Payables: |
||||||||||||||||||||||||
| Collateral for securities on loan (Note 2) |
16,486,133 | 2,705,022 | 14,887,120 | 6,188,050 | 4,105,033 | 14,078,114 | ||||||||||||||||||
| Investment securities purchased |
12,423,828 | — | — | — | — | — | ||||||||||||||||||
| Advisory fees (Note 3) |
66,941 | 35,994 | 57,638 | 60,569 | 79,602 | 70,556 | ||||||||||||||||||
| Service fees (Note 2) |
508 | 330 | 437 | 555 | 604 | 535 | ||||||||||||||||||
| Unrealized depreciation on foreign currency contracts |
— | — | — | 12 | — | — | ||||||||||||||||||
| Distribution |
— | 510,907 | 1,293,468 | 652,707 | 368,560 | 523,590 | ||||||||||||||||||
| Total Liabilities |
28,977,410 | 3,252,253 | 16,238,674 | 6,901,893 | 4,553,799 | 14,672,795 | ||||||||||||||||||
| NET ASSETS |
$ | 157,849,911 | $ | 89,033,298 | $ | 117,338,606 | $ | 149,624,290 | $ | 164,337,532 | $ | 146,068,942 | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Paid-in capital |
$ | 178,163,107 | $ | 101,545,497 | $ | 124,543,235 | $ | 192,928,445 | $ | 304,118,792 | $ | 218,860,416 | ||||||||||||
| Undistributed net investment income |
1,271,266 | 50,779 | 118,893 | 318,572 | 271,354 | 579,567 | ||||||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(17,266,658 | ) | (14,986,088 | ) | (13,292,502 | ) | (35,170,764 | ) | (149,016,786 | ) | (63,137,737 | ) | ||||||||||||
| Net unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
(4,317,804 | ) | 2,423,110 | 5,968,980 | (8,451,963 | ) | 8,964,172 | (10,233,304 | ) | |||||||||||||||
| NET ASSETS |
$ | 157,849,911 | $ | 89,033,298 | $ | 117,338,606 | $ | 149,624,290 | $ | 164,337,532 | $ | 146,068,942 | ||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
3,800,000 | 1,450,000 | 2,050,000 | 3,300,000 | 3,850,000 | 3,000,000 | ||||||||||||||||||
| Net asset value per share |
$ | 41.54 | $ | 61.40 | $ | 57.24 | $ | 45.34 | $ | 42.69 | $ | 48.69 | ||||||||||||
| 1 | Market values of securities on loan were as follows: $15,671,174, $2,557,537, $14,111,153, $5,886,074, $3,899,284 and $13,384,845, respectively (Note 2). |
See Notes to Financial Statements.
| 98 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
| WisdomTree International SmallCap Dividend Fund |
WisdomTree Emerging Markets Equity Income Fund |
WisdomTree Emerging Markets SmallCap Dividend Fund |
WisdomTree Middle East Dividend Fund |
WisdomTree International Hedged Equity Fund |
WisdomTree International Basic Materials Sector Fund |
|||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||
| Investments, at cost |
$ | 478,034,124 | $ | 457,768,999 | $ | 294,636,882 | $ | 11,195,228 | $ | 9,199,921 | $ | 52,775,232 | ||||||||||||
| Investment in affiliate, at cost |
— | — | 2,293,121 | — | — | — | ||||||||||||||||||
| Foreign currency, at cost |
183,247 | 850,374 | 2,286,712 | 92,285 | 14,694 | 7,984 | ||||||||||||||||||
| Investments in securities, at value (including securities on loan)1 |
491,686,544 | 543,750,484 | 349,349,430 | 12,341,688 | 9,514,318 | 51,775,059 | ||||||||||||||||||
| Investment in affiliate, at value |
— | — | 2,728,210 | — | — | — | ||||||||||||||||||
| Cash |
— | 37,886 | — | — | — | — | ||||||||||||||||||
| Foreign currency, at value |
179,266 | 857,132 | 2,297,587 | 92,179 | 14,809 | 7,976 | ||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||
| Dividends and interest |
3,006,394 | 1,930,518 | 868,191 | 96,512 | 28,638 | 181,982 | ||||||||||||||||||
| Investment securities sold |
821,715 | 2,540,883 | 1,319,438 | — | — | — | ||||||||||||||||||
| Capital shares sold |
— | 6,802 | 5,138 | — | — | — | ||||||||||||||||||
| Due from affiliate (Note 7) |
— | — | — | 26,683 | — | — | ||||||||||||||||||
| Unrealized appreciation on foreign currency contracts |
— | — | 1,200 | 13 | 64,966 | — | ||||||||||||||||||
| Foreign tax reclaims |
141,253 | — | 381 | — | 269 | 28,284 | ||||||||||||||||||
| Total Assets |
495,835,172 | 549,123,705 | 356,569,575 | 12,557,075 | 9,623,000 | 51,993,301 | ||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||
| Due to custodian |
— | — | 765,290 | — | — | — | ||||||||||||||||||
| Payables: |
||||||||||||||||||||||||
| Collateral for securities on loan (Note 2) |
63,580,513 | 6,134,049 | 12,303,099 | — | — | 2,691,022 | ||||||||||||||||||
| Investment securities purchased |
386,837 | — | 553,773 | — | — | — | ||||||||||||||||||
| Advisory fees (Note 3) |
208,250 | 282,638 | 176,080 | 6,960 | 3,717 | 25,285 | ||||||||||||||||||
| Service fees (Note 2) |
1,580 | 1,974 | 1,240 | 2,092 | 34 | 192 | ||||||||||||||||||
| Other fees |
— | — | — | — | 774 | — | ||||||||||||||||||
| Unrealized depreciation on foreign currency contracts |
227 | 46,147 | 15,678 | — | 47,643 | — | ||||||||||||||||||
| Distribution |
1,787,544 | 1,669,304 | — | 32,752 | 25,814 | 139,502 | ||||||||||||||||||
| Total Liabilities |
65,964,951 | 8,134,112 | 13,815,160 | 41,804 | 77,982 | 2,856,001 | ||||||||||||||||||
| NET ASSETS |
$ | 429,870,221 | $ | 540,989,593 | $ | 342,754,415 | $ | 12,515,271 | $ | 9,545,018 | $ | 49,137,300 | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Paid-in capital |
$ | 629,918,462 | $ | 499,741,498 | $ | 307,691,649 | $ | 19,561,549 | $ | 9,273,253 | $ | 64,345,151 | ||||||||||||
| Undistributed net investment income |
2,201,624 | 1,702,660 | 1,369,349 | 75,807 | 165,529 | 117,334 | ||||||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(215,885,076 | ) | (46,489,206 | ) | (21,468,453 | ) | (8,285,186 | ) | (208,267 | ) | (14,323,902 | ) | ||||||||||||
| Net unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
13,635,211 | 86,034,641 | 55,161,870 | 1,163,101 | 314,503 | (1,001,283 | ) | |||||||||||||||||
| NET ASSETS |
$ | 429,870,221 | $ | 540,989,593 | $ | 342,754,415 | $ | 12,515,271 | $ | 9,545,018 | $ | 49,137,300 | ||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
9,150,000 | 10,400,000 | 7,700,000 | 800,000 | 200,002 | 1,700,000 | ||||||||||||||||||
| Net asset value per share |
$ | 46.98 | $ | 52.02 | $ | 44.51 | $ | 15.64 | $ | 47.72 | $ | 28.90 | ||||||||||||
| 1 | Market values of securities on loan were as follows: $58,859,877, $5,911,721, $11,443,096, $0, $0 and $2,559,133, respectively (Note 2). |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 99 |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree International Dividend and Sector Funds
March 31, 2010
| WisdomTree International Energy Sector Fund |
WisdomTree International Utilities Sector Fund |
WisdomTree International Real Estate Fund |
||||||||||
| ASSETS: |
||||||||||||
| Investments, at cost |
$ | 52,855,426 | $ | 65,314,188 | $ | 99,655,514 | ||||||
| Foreign currency, at cost |
72,265 | 27,641 | 86,713 | |||||||||
| Investments in securities, at value (including securities on loan)1 |
45,648,169 | 51,910,319 | 88,747,799 | |||||||||
| Foreign currency, at value |
72,173 | 28,013 | 86,686 | |||||||||
| Receivables: |
||||||||||||
| Dividends and interest |
43,866 | 176,552 | 369,104 | |||||||||
| Investment securities sold |
— | — | 10,101 | |||||||||
| Foreign tax reclaims |
9,537 | 11,111 | 45,474 | |||||||||
| Total Assets |
45,773,745 | 52,125,995 | 89,259,164 | |||||||||
| LIABILITIES: |
||||||||||||
| Payables: |
||||||||||||
| Collateral for securities on loan (Note 2) |
— | 2,697,022 | 4,427,036 | |||||||||
| Advisory fees (Note 3) |
22,201 | 24,034 | 41,211 | |||||||||
| Service fees (Note 2) |
168 | 182 | 313 | |||||||||
| Distribution |
182,688 | 56,741 | 515,025 | |||||||||
| Total Liabilities |
205,057 | 2,777,979 | 4,983,585 | |||||||||
| NET ASSETS |
$ | 45,568,688 | $ | 49,348,016 | $ | 84,275,579 | ||||||
| NET ASSETS: |
||||||||||||
| Paid-in capital |
$ | 59,995,433 | $ | 70,799,176 | $ | 141,595,707 | ||||||
| Undistributed (Distributions in excess of) net investment income |
14,755 | 152,662 | (4,372,206 | ) | ||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(7,233,979 | ) | (8,199,877 | ) | (42,033,330 | ) | ||||||
| Net unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(7,207,521 | ) | (13,403,945 | ) | (10,914,592 | ) | ||||||
| NET ASSETS |
$ | 45,568,688 | $ | 49,348,016 | $ | 84,275,579 | ||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
1,850,000 | 2,300,000 | 3,150,000 | |||||||||
| Net asset value per share |
$ | 24.63 | $ | 21.46 | $ | 26.75 | ||||||
| 1 | Market values of securities on loan were as follows: $0, $2,560,708 and $4,143,550, respectively (Note 2). |
See Notes to Financial Statements.
| 100 | WisdomTree International Dividend and Sector Funds |
Table of Contents
WisdomTree International Dividend and Sector Funds
For the Year Ended March 31, 2010
| WisdomTree DEFA Fund |
WisdomTree DEFA Equity Income Fund |
WisdomTree Global Equity Income Fund1 |
WisdomTree Europe SmallCap Dividend Fund |
WisdomTree Japan Total Dividend Fund |
WisdomTree World ex-U.S. Growth Fund2 |
WisdomTree Japan SmallCap Dividend Fund |
||||||||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||||||||||
| Dividends3 |
$ | 9,695,975 | $ | 6,176,161 | $ | 1,008,785 | $ | 858,735 | $ | 1,379,793 | $ | 669,528 | $ | 2,424,794 | ||||||||||||||
| Dividends from affiliate |
9,274,697 | — | 871,653 | — | — | 56 | ||||||||||||||||||||||
| Interest |
2,759 | 80 | — | 5 | 10 | — | 36 | |||||||||||||||||||||
| Securities lending income (Note 2) |
175,996 | 166,824 | 22,061 | 7,572 | 6,283 | 1,642 | 58,084 | |||||||||||||||||||||
| Total investment income |
19,149,427 | 6,343,065 | 1,902,499 | 866,312 | 1,386,086 | 671,226 | 2,482,914 | |||||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||||||
| Advisory fees (Note 3) |
1,906,153 | 817,991 | 192,050 | 143,484 | 301,825 | 124,544 | 538,931 | |||||||||||||||||||||
| Service fees (Note 2) |
17,473 | 6,205 | 1,457 | 1,088 | 2,766 | 945 | 4,088 | |||||||||||||||||||||
| Total expenses |
1,923,626 | 824,196 | 193,507 | 144,572 | 304,591 | 125,489 | 543,019 | |||||||||||||||||||||
| Expense waiver/reimbursement (Note 2) |
(1,178,246 | ) | — | (107,067 | ) | — | — | (709 | ) | — | ||||||||||||||||||
| Net expenses |
745,380 | 824,196 | 86,440 | 144,572 | 304,591 | 124,780 | 543,019 | |||||||||||||||||||||
| Net investment income |
18,404,047 | 5,518,869 | 1,816,059 | 721,740 | 1,081,495 | 546,446 | 1,939,895 | |||||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||||||
| Investment transactions |
(143,525,202 | ) | (26,660,467 | ) | (10,562,075 | ) | (8,124,296 | ) | (3,299,729 | ) | (6,374,282 | ) | (9,144,340 | ) | ||||||||||||||
| Investment transactions from affiliate |
61,114 | — | (42,012 | ) | — | — | — | — | ||||||||||||||||||||
| In-kind redemptions |
2,477,514 | 4,593,651 | — | 948,002 | 4,125,960 | 38,211 | 1,165,808 | |||||||||||||||||||||
| In-kind redemptions from affiliate |
51,543,735 | — | 4,084,584 | — | — | — | — | |||||||||||||||||||||
| Foreign currency related transactions |
249,949 | 81,496 | 47,678 | 10,983 | 12,264 | 92,942 | (51,651 | ) | ||||||||||||||||||||
| Net realized gain (loss) |
(89,192,890 | ) | (21,985,320 | ) | (6,471,825 | ) | (7,165,311 | ) | 838,495 | (6,243,129 | ) | (8,030,183 | ) | |||||||||||||||
| Net change in unrealized appreciation (depreciation) from: |
||||||||||||||||||||||||||||
| Investment transactions |
215,776,912 | 65,315,690 | 16,604,907 | 15,920,871 | 9,624,389 | 13,419,951 | 28,645,563 | |||||||||||||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
11,520 | (3,407 | ) | 4,265 | 572 | (5,706 | ) | 4,913 | (8,396 | ) | ||||||||||||||||||
| Net change in unrealized appreciation (depreciation) |
215,788,432 | 65,312,283 | 16,609,172 | 15,921,443 | 9,618,683 | 13,424,864 | 28,637,167 | |||||||||||||||||||||
| Net realized and unrealized gain on investments |
126,595,542 | 43,326,963 | 10,137,347 | 8,756,132 | 10,457,178 | 7,181,735 | 20,606,984 | |||||||||||||||||||||
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 144,999,589 | $ | 48,845,832 | $ | 11,953,406 | $ | 9,477,872 | $ | 11,538,673 | $ | 7,728,181 | $ | 22,546,879 | ||||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Europe Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree Global Equity Income Fund thereafter. |
| 2 | This information reflects the investment objective and strategy of the WisdomTree Japan Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree World ex-U.S. Growth Fund thereafter. |
| 3 | Net of foreign withholding tax of $1,038,037, $610,593, $112,728, $63,984, $103,845, $32,609 and $182,468, respectively. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 101 |
Table of Contents
Statements of Operations (continued)
WisdomTree International Dividend and Sector Funds
For the Year Ended March 31, 2010
| WisdomTree Pacific ex-Japan Total Dividend Fund |
WisdomTree Pacific ex-Japan Equity Income Fund |
WisdomTree International LargeCap Dividend Fund |
WisdomTree International Dividend ex-Financials Fund1 |
WisdomTree International MidCap Dividend Fund |
WisdomTree International SmallCap Dividend Fund |
WisdomTree Emerging Markets Equity Income Fund |
||||||||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||||||||||
| Dividends2 |
$ | 3,854,394 | $ | 3,967,319 | $ | 4,646,397 | $ | 6,159,818 | $ | 4,133,178 | $ | 12,587,427 | $ | 13,925,727 | ||||||||||||||
| Interest |
31 | 131 | — | 55 | 98 | — | 96 | |||||||||||||||||||||
| Securities lending income (Note 2) |
7,990 | 24,188 | 104,164 | 101,392 | 85,455 | 235,542 | 3,985 | |||||||||||||||||||||
| Total investment income |
3,862,415 | 3,991,638 | 4,750,561 | 6,261,265 | 4,218,731 | 12,822,969 | 13,929,808 | |||||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||||||
| Advisory fees (Note 3) |
515,347 | 478,866 | 566,262 | 827,192 | 706,723 | 2,151,998 | 2,252,886 | |||||||||||||||||||||
| Service fees (Note 2) |
4,724 | 3,633 | 5,191 | 6,276 | 5,361 | 16,325 | 15,735 | |||||||||||||||||||||
| Total expenses |
520,071 | 482,499 | 571,453 | 833,468 | 712,084 | 2,168,323 | 2,268,621 | |||||||||||||||||||||
| Net investment income |
3,342,344 | 3,509,139 | 4,179,108 | 5,427,797 | 3,506,647 | 10,654,646 | 11,661,187 | |||||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||||||
| Investment transactions |
(8,986,019 | ) | (6,359,796 | ) | (14,067,917 | ) | (63,033,741 | ) | (27,495,339 | ) | (92,114,506 | ) | (26,806,256 | ) | ||||||||||||||
| In-kind redemptions |
13,604,206 | 8,284,574 | 2,448,233 | 60,386 | (3,441,944 | ) | 6,230,830 | 1,867,987 | ||||||||||||||||||||
| Foreign currency related transactions |
79,234 | 66,995 | 29,314 | 78,060 | 77,574 | 95,389 | 262,328 | |||||||||||||||||||||
| Net realized gain (loss) |
4,697,421 | 1,991,773 | (11,590,370 | ) | (62,895,295 | ) | (30,859,709 | ) | (85,788,287 | ) | (24,675,941 | ) | ||||||||||||||||
| Net change in unrealized appreciation (depreciation) from: |
||||||||||||||||||||||||||||
| Investment transactions |
34,500,518 | 26,164,496 | 43,896,313 | 111,482,124 | 75,762,619 | 240,537,038 | 171,201,712 | |||||||||||||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
(13,258 | ) | (2,159 | ) | (1,480 | ) | 24,337 | (4,133 | ) | (18,195 | ) | 39,302 | ||||||||||||||||
| Net change in unrealized appreciation (depreciation) |
34,487,260 | 26,162,337 | 43,894,833 | 111,506,461 | 75,758,486 | 240,518,843 | 171,241,014 | |||||||||||||||||||||
| Net realized and unrealized gain on investments |
39,184,681 | 28,154,110 | 32,304,463 | 48,611,166 | 44,898,777 | 154,730,556 | 146,565,073 | |||||||||||||||||||||
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 42,527,025 | $ | 31,663,249 | $ | 36,483,571 | $ | 54,038,963 | $ | 48,405,424 | $ | 165,385,202 | $ | 158,226,260 | ||||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree International Dividend Top 100 Fund through May 8, 2009 and the investment objective and strategy of the WisdomTree International Dividend ex-Financials Fund thereafter. |
| 2 | Net of foreign withholding tax of $66,385, $69,695, $455,107, $629,371, $404,995, $893,132 and $1,757,719, respectively. |
See Notes to Financial Statements.
| 102 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Statements of Operations (concluded)
WisdomTree International Dividend and Sector Funds
For the Year Ended March 31, 2010
| WisdomTree Markets SmallCap Dividend Fund |
WisdomTree Middle East Dividend Fund |
WisdomTree International Hedged Equity Fund |
WisdomTree International Basic Materials Sector Fund |
WisdomTree International Energy Sector Fund |
WisdomTree International Utilities Sector Fund |
WisdomTree International Real Estate Fund |
||||||||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||||||||||
| Dividends1 |
$ | 6,201,098 | $ | 451,191 | $ | 45,910 | $ | 968,747 | $ | 1,411,763 | $ | 1,659,553 | $ | 3,040,576 | ||||||||||||||
| Dividends from affiliate |
3,771 | |||||||||||||||||||||||||||
| Interest |
— | 88 | — | — | 16 | 25 | 28 | |||||||||||||||||||||
| Net securities lending income (Note 2) |
17,147 | — | — | 42,218 | 35,735 | 84,435 | 19,297 | |||||||||||||||||||||
| Total investment income |
6,222,016 | 451,279 | 45,910 | 1,010,965 | 1,447,514 | 1,744,013 | 3,059,901 | |||||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||||||
| Advisory fees (Note 3) |
1,216,575 | 68,024 | 7,339 | 235,173 | 212,920 | 212,676 | 408,884 | |||||||||||||||||||||
| Service fees (Note 2) |
8,497 | — | 67 | 1,784 | 1,615 | 1,613 | 3,102 | |||||||||||||||||||||
| Custody/accounting |
— | 11,266 | — | — | — | — | — | |||||||||||||||||||||
| Printing |
— | 1,354 | — | — | — | — | — | |||||||||||||||||||||
| Professional fees |
— | 36,202 | — | — | — | — | — | |||||||||||||||||||||
| IOPV Fees2 |
— | 715 | — | — | — | — | — | |||||||||||||||||||||
| Insurance |
— | 4,187 | — | — | — | — | — | |||||||||||||||||||||
| Directors |
— | 6,951 | — | — | — | — | — | |||||||||||||||||||||
| Other |
— | 1,580 | 1,529 | — | — | — | — | |||||||||||||||||||||
| Total expenses |
1,225,072 | 130,279 | 8,935 | 236,957 | 214,535 | 214,289 | 411,986 | |||||||||||||||||||||
| Expenses waiver/reimbursement (Note 2) |
(7,705 | ) | (41,869 | ) | (1,799 | ) | — | — | — | — | ||||||||||||||||||
| Net expenses |
1,217,367 | 88,410 | 7,136 | 236,957 | 214,535 | 214,289 | 411,986 | |||||||||||||||||||||
| Net investment income |
5,004,649 | 362,869 | 38,774 | 774,008 | 1,232,979 | 1,529,724 | 2,647,915 | |||||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||||||
| Investment transactions |
(9,032,787 | ) | (5,248,461 | ) | (1,132 | ) | (5,301,695 | ) | (3,494,869 | ) | (4,924,801 | ) | (24,244,089 | ) | ||||||||||||||
| Investment from affiliate |
— | — | (207,135 | ) | — | — | — | — | ||||||||||||||||||||
| In-kind redemptions |
2,029,121 | — | — | 1,369,234 | 186,152 | (3,612,270 | ) | (4,943,410 | ) | |||||||||||||||||||
| Foreign currency related transactions |
(137,654 | ) | (46,068 | ) | 152,569 | 13,428 | 11,751 | 9,129 | 30,863 | |||||||||||||||||||
| Net realized loss |
(7,141,320 | ) | (5,294,529 | ) | (55,698 | ) | (3,919,033 | ) | (3,296,966 | ) | (8,527,942 | ) | (29,156,636 | ) | ||||||||||||||
| Net change in unrealized appreciation (depreciation) from: |
||||||||||||||||||||||||||||
| Investment transactions |
81,765,537 | 7,718,940 | 314,397 | 23,822,038 | 10,499,468 | 12,796,691 | 55,857,321 | |||||||||||||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
13,152 | 12,361 | 106 | 168 | (1,244 | ) | 1,251 | (2,863 | ) | |||||||||||||||||||
| Net change in unrealized appreciation (depreciation) |
81,778,689 | 7,731,301 | 314,503 | 23,822,206 | 10,498,224 | 12,797,942 | 55,854,458 | |||||||||||||||||||||
| Net realized and unrealized gain on investments |
74,637,369 | 2,436,772 | 258,805 | 19,903,173 | 7,201,258 | 4,270,000 | 26,697,822 | |||||||||||||||||||||
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 79,642,018 | $ | 2,799,641 | $ | 297,579 | $ | 20,677,181 | $ | 8,434,237 | $ | 5,799,724 | $ | 29,345,737 | ||||||||||||||
| 1 | Net of foreign withholding tax of $961,742, $10,675, $4,669, $95,905, $150,942, $222,590 and $265,079, respectively. |
| 2 | IOPV – Indicative Optimized Portfolio Value – is the real time estimation of net asset value of Fund. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 103 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree International Dividend and Sector Funds
| WisdomTree DEFA Fund |
WisdomTree DEFA Equity Income Fund |
WisdomTree Global Equity Income Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 20101 |
For the Year Ended March 31, 2009 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 18,404,047 | $ | 15,464,077 | $ | 5,518,869 | $ | 8,663,791 | $ | 1,816,059 | $ | 1,749,282 | ||||||||||||
| Net realized loss on investments and foreign currency related transactions |
(89,192,890 | ) | (74,997,792 | ) | (21,985,320 | ) | (45,078,074 | ) | (6,471,825 | ) | (11,691,791 | ) | ||||||||||||
| Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
215,788,432 | (184,596,085 | ) | 65,312,283 | (61,460,788 | ) | 16,609,172 | (12,399,286 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
144,999,589 | (244,129,800 | ) | 48,845,832 | (97,875,071 | ) | 11,953,406 | (22,341,795 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(19,292,972 | ) | (16,276,475 | ) | (5,586,535 | ) | (9,694,798 | ) | (1,835,881 | ) | (1,903,608 | ) | ||||||||||||
| Total dividends |
(19,292,972 | ) | (16,276,475 | ) | (5,586,535 | ) | (9,694,798 | ) | (1,835,881 | ) | (1,903,608 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
448,192,327 | 161,237,933 | 37,579,579 | 43,349,186 | 53,291,535 | 11,191,402 | ||||||||||||||||||
| Cost of shares redeemed |
(440,378,667 | ) | (23,832,508 | ) | (26,664,294 | ) | (88,064,007 | ) | (39,154,020 | ) | (15,281,113 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
7,813,660 | 137,405,425 | 10,915,285 | (44,714,821 | ) | 14,137,515 | (4,089,711 | ) | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
133,520,277 | (123,000,850 | ) | 54,174,582 | (152,284,690 | ) | 24,255,040 | (28,335,114 | ) | |||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 302,385,327 | $ | 425,386,177 | $ | 88,122,916 | $ | 240,407,606 | $ | 18,786,745 | $ | 47,121,859 | ||||||||||||
| End of year |
$ | 435,905,604 | $ | 302,385,327 | $ | 142,297,498 | $ | 88,122,916 | $ | 43,041,785 | $ | 18,786,745 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 1,129,494 | $ | 1,453,194 | $ | 260,617 | $ | 129,136 | $ | 62,883 | $ | 29,123 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
9,450,000 | 6,750,000 | 3,100,000 | 4,000,000 | 700,000 | 800,000 | ||||||||||||||||||
| Shares created |
9,950,000 | 3,150,000 | 950,000 | 900,000 | 1,350,000 | 200,000 | ||||||||||||||||||
| Shares redeemed |
(9,950,000 | ) | (450,000 | ) | (650,000 | ) | (1,800,000 | ) | (1,000,000 | ) | (300,000 | ) | ||||||||||||
| Shares outstanding, end of year |
9,450,000 | 9,450,000 | 3,400,000 | 3,100,000 | 1,050,000 | 700,000 | ||||||||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Europe Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree Global Equity Income Fund thereafter. |
See Notes to Financial Statements.
| 104 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend and Sector Funds
| WisdomTree Europe SmallCap Dividend Fund |
WisdomTree Japan Total Dividend Fund |
WisdomTree World ex- U.S. Growth Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 20101 |
For the Year Ended March 31, 2009 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 721,740 | $ | 1,727,740 | $ | 1,081,495 | $ | 396,753 | $ | 546,446 | $ | 487,648 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(7,165,311 | ) | (15,159,973 | ) | 838,495 | (4,312,780 | ) | (6,243,129 | ) | (7,972,305 | ) | |||||||||||||
| Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
15,921,443 | (8,989,483 | ) | 9,618,683 | (8,038,239 | ) | 13,424,864 | (2,209,540 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
9,477,872 | (22,421,716 | ) | 11,538,673 | (11,954,266 | ) | 7,728,181 | (9,694,197 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(776,003 | ) | (1,802,430 | ) | (934,315 | ) | (559,727 | ) | (859,811 | ) | (623,658 | ) | ||||||||||||
| Total dividends |
(776,003 | ) | (1,802,430 | ) | (934,315 | ) | (559,727 | ) | (859,811 | ) | (623,658 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
11,402,548 | 5,396,168 | 101,037,653 | 23,587,836 | 4,767,425 | 34,446,745 | ||||||||||||||||||
| Cost of shares redeemed |
(3,476,359 | ) | (14,483,079 | ) | (76,103,751 | ) | (20,865,377 | ) | (8,075,928 | ) | (32,637,287 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
7,926,189 | (9,086,911 | ) | 24,933,902 | 2,722,459 | (3,308,503 | ) | 1,809,458 | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
16,628,058 | (33,311,057 | ) | 35,538,260 | (9,791,534 | ) | 3,559,867 | (8,508,397 | ) | |||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 13,466,606 | $ | 46,777,663 | $ | 19,212,453 | $ | 29,003,987 | $ | 21,245,322 | $ | 29,753,719 | ||||||||||||
| End of year |
$ | 30,094,664 | $ | 13,466,606 | $ | 54,750,713 | $ | 19,212,453 | $ | 24,805,189 | $ | 21,245,322 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 82,669 | $ | 85,533 | $ | 423,472 | $ | 202,032 | $ | 36,952 | $ | 238,931 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
600,000 | 800,000 | 600,000 | 600,000 | 600,000 | 600,000 | ||||||||||||||||||
| Shares created |
300,000 | 100,000 | 2,600,000 | 600,000 | 100,000 | 800,000 | ||||||||||||||||||
| Shares redeemed |
(100,000 | ) | (300,000 | ) | (1,900,000 | ) | (600,000 | ) | (200,000 | ) | (800,000 | ) | ||||||||||||
| Shares outstanding, end of year |
800,000 | 600,000 | 1,300,000 | 600,000 | 500,000 | 600,000 | ||||||||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree Japan Equity Income Fund Through June 19, 2009 and the investment objective and strategy of the WisdomTree World ex-U.S. Growth Fund thereafter. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 105 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend and Sector Funds
| WisdomTree Japan SmallCap Dividend Fund |
WisdomTree Pacific ex- Japan Total Dividend Fund |
WisdomTree Pacific ex- Japan Equity Income Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 1,939,895 | $ | 1,289,490 | $ | 3,342,344 | $ | 4,088,227 | $ | 3,509,139 | $ | 2,557,366 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(8,030,183 | ) | (3,088,286 | ) | 4,697,421 | (19,224,355 | ) | 1,991,773 | (13,129,775 | ) | ||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
28,637,167 | (20,694,507 | ) | 34,487,260 | (25,679,971 | ) | 26,162,337 | (14,757,865 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
22,546,879 | (22,493,303 | ) | 42,527,025 | (40,816,099 | ) | 31,663,249 | (25,330,274 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(1,520,747 | ) | (1,401,224 | ) | (3,574,407 | ) | (5,131,577 | ) | (3,645,372 | ) | (3,396,394 | ) | ||||||||||||
| Total dividends |
(1,520,747 | ) | (1,401,224 | ) | (3,574,407 | ) | (5,131,577 | ) | (3,645,372 | ) | (3,396,394 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
89,835,686 | 89,524,062 | 79,698,811 | 11,716,010 | 132,484,504 | 19,158,117 | ||||||||||||||||||
| Cost of shares redeemed |
(19,090,019 | ) | (74,851,551 | ) | (66,704,221 | ) | (74,690,124 | ) | (64,722,763 | ) | (25,838,928 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
70,745,667 | 14,672,511 | 12,994,590 | (62,974,114 | ) | 67,761,741 | (6,680,811 | ) | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
91,771,799 | (9,222,016 | ) | 51,947,208 | (108,921,790 | ) | 95,779,618 | (35,407,479 | ) | |||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 66,078,112 | $ | 75,300,128 | $ | 37,086,090 | $ | 146,007,880 | $ | 21,558,988 | $ | 56,966,467 | ||||||||||||
| End of year |
$ | 157,849,911 | $ | 66,078,112 | $ | 89,033,298 | $ | 37,086,090 | $ | 117,338,606 | $ | 21,558,988 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 1,271,266 | $ | 779,958 | $ | 50,779 | $ | 166,898 | $ | 118,893 | $ | 181,506 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
2,100,000 | 1,700,000 | 1,000,000 | 2,000,000 | 700,000 | 900,000 | ||||||||||||||||||
| Shares created |
2,200,000 | 2,400,000 | 1,600,000 | 200,000 | 2,850,000 | 300,000 | ||||||||||||||||||
| Shares redeemed |
(500,000 | ) | (2,000,000 | ) | (1,150,000 | ) | (1,200,000 | ) | (1,500,000 | ) | (500,000 | ) | ||||||||||||
| Shares outstanding, end of year |
3,800,000 | 2,100,000 | 1,450,000 | 1,000,000 | 2,050,000 | 700,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 106 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend and Sector Funds
| WisdomTree International LargeCap Dividend Fund |
WisdomTree International Dividend ex-Financials Fund |
WisdomTree International MidCap Dividend Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 20101 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 4,179,108 | $ | 5,162,514 | $ | 5,427,797 | $ | 14,443,615 | $ | 3,506,647 | $ | 5,930,107 | ||||||||||||
| Net realized loss on investments and foreign currency related transactions |
(11,590,370 | ) | (22,204,870 | ) | (62,895,295 | ) | (88,685,093 | ) | (30,859,709 | ) | (46,740,889 | ) | ||||||||||||
| Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
43,894,833 | (52,812,028 | ) | 111,506,461 | (81,123,650 | ) | 75,758,486 | (59,916,972 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
36,483,571 | (69,854,384 | ) | 54,038,963 | (155,365,128 | ) | 48,405,424 | (100,727,754 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(4,322,343 | ) | (5,333,253 | ) | (5,343,066 | ) | (16,564,667 | ) | (3,633,344 | ) | (6,683,004 | ) | ||||||||||||
| Total dividends |
(4,322,343 | ) | (5,333,253 | ) | (5,343,066 | ) | (16,564,667 | ) | (3,633,344 | ) | (6,683,004 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
51,077,680 | 22,669,776 | 31,436,210 | 67,590,960 | 24,227,874 | 40,945,171 | ||||||||||||||||||
| Cost of shares redeemed |
(12,543,062 | ) | (23,212,075 | ) | (21,099,564 | ) | (180,841,245 | ) | (11,264,602 | ) | (64,304,797 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
38,534,618 | (542,299 | ) | 10,336,646 | (113,250,285 | ) | 12,963,272 | (23,359,626 | ) | |||||||||||||||
| Net Increase (Decrease) in Net Assets |
70,695,846 | (75,729,936 | ) | 59,032,543 | (285,180,080 | ) | 57,735,352 | (130,770,384 | ) | |||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 78,928,444 | $ | 154,658,380 | $ | 105,304,989 | $ | 390,485,069 | $ | 88,333,590 | $ | 219,103,974 | ||||||||||||
| End of year |
$ | 149,624,290 | $ | 78,928,444 | $ | 164,337,532 | $ | 105,304,989 | $ | 146,068,942 | $ | 88,333,590 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 318,572 | $ | 431,313 | $ | 271,354 | $ | 108,563 | $ | 579,567 | $ | 389,124 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
2,500,000 | 2,500,000 | 3,700,000 | 6,100,000 | 2,800,000 | 3,500,000 | ||||||||||||||||||
| Shares created |
1,100,000 | 500,000 | 750,000 | 1,100,000 | 500,000 | 700,000 | ||||||||||||||||||
| Shares redeemed |
(300,000 | ) | (500,000 | ) | (600,000 | ) | (3,500,000 | ) | (300,000 | ) | (1,400,000 | ) | ||||||||||||
| Shares outstanding, end of year |
3,300,000 | 2,500,000 | 3,850,000 | 3,700,000 | 3,000,000 | 2,800,000 | ||||||||||||||||||
| 1 | This information reflects the investment objective and strategy of the WisdomTree International Dividend Top 100 Fund through May 8, 2009 and the investment objective and strategy of the WisdomTree International Dividend ex-Financials Fund thereafter. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 107 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend and Sector Funds
| WisdomTree International SmallCap Dividend Fund |
WisdomTree Emerging Markets Equity Income Fund |
WisdomTree Emerging Markets SmallCap Dividend Fund |
||||||||||||||||||||||
| For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 10,654,646 | $ | 15,980,484 | $ | 11,661,187 | $ | 9,330,409 | $ | 5,004,649 | $ | 2,759,319 | ||||||||||||
| Net realized loss on investments and foreign currency related transactions |
(85,788,287 | ) | (112,005,258 | ) | (24,675,941 | ) | (18,274,116 | ) | (7,141,320 | ) | (10,501,006 | ) | ||||||||||||
| Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
240,518,843 | (157,302,313 | ) | 171,241,014 | (83,998,031 | ) | 81,778,689 | (23,540,489 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
165,385,202 | (253,327,087 | ) | 158,226,260 | (92,941,738 | ) | 79,642,018 | (31,282,176 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(10,659,948 | ) | (17,493,804 | ) | (11,953,872 | ) | (9,437,988 | ) | (5,378,463 | ) | (2,648,831 | ) | ||||||||||||
| Total dividends |
(10,659,948 | ) | (17,493,804 | ) | (11,953,872 | ) | (9,437,988 | ) | (5,378,463 | ) | (2,648,831 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
53,490,158 | 97,916,304 | 236,686,308 | 137,978,782 | 239,409,467 | 44,020,889 | ||||||||||||||||||
| Cost of shares redeemed |
(22,651,964 | ) | (65,549,182 | ) | (19,323,942 | ) | (24,057,509 | ) | (22,624,786 | ) | (11,125,217 | ) | ||||||||||||
| Net increase in net assets resulting from capital share transactions |
30,838,194 | 32,367,122 | 217,362,366 | 113,921,273 | 216,784,681 | 32,895,672 | ||||||||||||||||||
| Net Increase (Decrease) in Net Assets |
185,563,448 | (238,453,769 | ) | 363,634,754 | 11,541,547 | 291,048,236 | (1,035,335 | ) | ||||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 244,306,773 | $ | 482,760,542 | $ | 177,354,839 | $ | 165,813,292 | $ | 51,706,179 | $ | 52,741,514 | ||||||||||||
| End of year |
$ | 429,870,221 | $ | 244,306,773 | $ | 540,989,593 | $ | 177,354,839 | $ | 342,754,415 | $ | 51,706,179 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 2,201,624 | $ | 1,642,627 | $ | 1,702,660 | $ | 786,207 | $ | 1,369,349 | $ | 151,662 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
8,400,000 | 7,900,000 | 5,700,000 | 3,200,002 | 2,100,000 | 1,200,002 | ||||||||||||||||||
| Shares created |
1,250,000 | 1,800,000 | 5,200,000 | 3,000,000 | 6,300,000 | 1,300,000 | ||||||||||||||||||
| Shares redeemed |
(500,000 | ) | (1,300,000 | ) | (500,000 | ) | (500,002 | ) | (700,000 | ) | (400,002 | ) | ||||||||||||
| Shares outstanding, end of year |
9,150,000 | 8,400,000 | 10,400,000 | 5,700,000 | 7,700,000 | 2,100,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 108 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend and Sector Funds
| WisdomTree Middle East Dividend Fund |
WisdomTree Hedged Equity Fund |
WisdomTree International Basic Materials Sector Fund |
||||||||||||||||||
| For the Year Ended March 31, 2010 |
For the Period July 16, 2008* through March 31, 2009 |
For the Period December 31, 2009* through March 31, 2010 |
For the Year Ended |
For the Year Ended March 31, 2009 |
||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||
| Net investment income |
$ | 362,869 | $ | 235,712 | $ | 38,774 | $ | 774,008 | $ | 1,338,674 | ||||||||||
| Net realized loss on investments and foreign currency related transactions |
(5,294,529 | ) | (3,081,850 | ) | (55,698 | ) | (3,919,033 | ) | (17,313,365 | ) | ||||||||||
| Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
7,731,301 | (6,568,200 | ) | 314,503 | 23,822,206 | (23,070,470 | ) | |||||||||||||
| Net increase (decrease) in net assets resulting from operations |
2,799,641 | (9,414,338 | ) | 297,579 | 20,677,181 | (39,045,161 | ) | |||||||||||||
| DIVIDENDS: |
||||||||||||||||||||
| Net investment income |
(431,581 | ) | — | (25,814 | ) | (670,355 | ) | (2,053,360 | ) | |||||||||||
| Total dividends |
(431,581 | ) | — | (25,814 | ) | (670,355 | ) | (2,053,360 | ) | |||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||
| Net proceeds from sale of shares |
7,047,766 | 20,350,628 | 9,273,253 | 10,926,459 | 7,868,329 | |||||||||||||||
| Cost of shares redeemed |
(4,179,148 | ) | (3,657,697 | ) | — | (4,255,513 | ) | (37,817,240 | ) | |||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
2,868,618 | 16,692,931 | 9,273,253 | 6,670,946 | (29,948,911 | ) | ||||||||||||||
| Net Increase (Decrease) in Net Assets |
5,236,678 | 7,278,593 | 9,545,018 | 26,677,772 | (71,047,432 | ) | ||||||||||||||
| NET ASSETS: |
||||||||||||||||||||
| Beginning of period |
$ | 7,278,593 | $ | — | $ | — | $ | 22,459,528 | $ | 93,506,960 | ||||||||||
| End of period |
$ | 12,515,271 | $ | 7,278,593 | $ | 9,545,018 | $ | 49,137,300 | $ | 22,459,528 | ||||||||||
| Undistributed (Distributions in excess of) net investment income included in net assets at end of period |
$ | 75,807 | $ | 187,348 | $ | 165,529 | $ | 117,334 | $ | (6,523 | ) | |||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||
| Shares outstanding, beginning of period |
600,004 | — | — | 1,400,000 | 2,600,000 | |||||||||||||||
| Shares created |
500,000 | 900,004 | 200,002 | 450,000 | 200,000 | |||||||||||||||
| Shares redeemed |
(300,004 | ) | (300,000 | ) | — | (150,000 | ) | (1,400,000 | ) | |||||||||||
| Shares outstanding, end of period |
800,000 | 600,004 | 200,002 | 1,700,000 | 1,400,000 | |||||||||||||||
| * | Commencement of investment operations. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 109 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree International Dividend and Sector Funds
| WisdomTree International Energy Sector Fund |
WisdomTree International Utilities Sector Fund |
WisdomTree International Real Estate Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 1,232,979 | $ | 1,593,494 | $ | 1,529,724 | $ | 2,551,271 | $ | 2,647,915 | $ | 3,889,118 | ||||||||||||
| Net realized loss on investments and foreign currency related transactions |
(3,296,966 | ) | (6,188,971 | ) | (8,527,942 | ) | (7,412,736 | ) | (29,156,636 | ) | (27,840,200 | ) | ||||||||||||
| Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies |
10,498,224 | (17,878,242 | ) | 12,797,942 | (22,651,867 | ) | 55,854,458 | (50,145,090 | ) | |||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
8,434,237 | (22,473,719 | ) | 5,799,724 | (27,513,332 | ) | 29,345,737 | (74,096,172 | ) | |||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(1,249,410 | ) | (1,852,260 | ) | (1,445,458 | ) | (2,592,420 | ) | (7,422,149 | ) | (2,071,270 | ) | ||||||||||||
| Total dividends |
(1,249,410 | ) | (1,852,260 | ) | (1,445,458 | ) | (2,592,420 | ) | (7,422,149 | ) | (2,071,270 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
17,214,761 | 23,273,271 | 23,269,335 | 12,930,102 | 27,636,033 | 27,103,803 | ||||||||||||||||||
| Cost of shares redeemed |
(1,163,114 | ) | (34,176,584 | ) | (6,730,720 | ) | (32,930,600 | ) | (5,903,444 | ) | (23,279,174 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
16,051,647 | (10,903,313 | ) | 16,538,615 | (20,000,498 | ) | 21,732,589 | 3,824,629 | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
23,236,474 | (35,229,292 | ) | 20,892,881 | (50,106,250 | ) | 43,656,177 | (72,342,813 | ) | |||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 22,332,214 | $ | 57,561,506 | $ | 28,455,135 | $ | 78,561,385 | $ | 40,619,402 | $ | 112,962,215 | ||||||||||||
| End of year |
$ | 45,568,688 | $ | 22,332,214 | $ | 49,348,016 | $ | 28,455,135 | $ | 84,275,579 | $ | 40,619,402 | ||||||||||||
| Undistributed (Distributions in excess of) net investment income included in net assets at end of year |
$ | 14,755 | $ | 17,351 | $ | 152,662 | $ | 59,267 | $ | (4,372,206 | ) | $ | 220,428 | |||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
1,200,000 | 1,800,000 | 1,600,000 | 2,400,000 | 2,400,000 | 2,700,002 | ||||||||||||||||||
| Shares created |
700,000 | 600,000 | 1,050,000 | 400,000 | 1,050,000 | 700,000 | ||||||||||||||||||
| Shares redeemed |
(50,000 | ) | (1,200,000 | ) | (350,000 | ) | (1,200,000 | ) | (300,000 | ) | (1,000,002 | ) | ||||||||||||
| Shares outstanding, end of year |
1,850,000 | 1,200,000 | 2,300,000 | 1,600,000 | 3,150,000 | 2,400,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 110 | WisdomTree International Dividend and Sector Funds |
Table of Contents
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree DEFA Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 32.00 | $ | 63.02 | $ | 64.15 | $ | 49.94 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
2.00 | 1.89 | 1.70 | 0.86 | ||||||||||||
| Net realized and unrealized gain (loss) |
14.24 | (31.04 | ) | (1.92 | ) | 13.58 | ||||||||||
| Total from investment operations |
16.24 | (29.15 | ) | (0.22 | ) | 14.44 | ||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(2.11 | ) | (1.87 | ) | (0.91 | ) | (0.21 | ) | ||||||||
| Capital gains |
— | — | (0.00 | )2 | (0.02 | ) | ||||||||||
| Total dividends and distributions to shareholders |
(2.11 | ) | (1.87 | ) | (0.91 | ) | (0.23 | ) | ||||||||
| Net asset value, end of period |
$ | 46.13 | $ | 32.00 | $ | 63.02 | $ | 64.15 | ||||||||
| TOTAL RETURN3 |
51.43 | % | (46.61 | )% | (0.44 | )% | 28.94 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 435,906 | $ | 302,385 | $ | 425,386 | $ | 128,303 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.19 | %** | 0.48 | % | 0.48 | % | 0.48 | %4 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.48 | % | 0.51 | %4 | ||||||||
| Net investment income |
4.63 | % | 4.01 | % | 2.54 | % | 1.97 | %4 | ||||||||
| Portfolio turnover rate5 |
97 | % | 30 | % | 10 | % | 11 | % | ||||||||
| * | Commencement of investment operations. |
| ** | Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when the Fund operated as a “fund of funds.” |
| 1 | Based on average shares outstanding. |
| 2 | Amount represents less than $0.005. |
| 3 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 4 | Annualized. |
| 5 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 111 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree DEFA Equity Income Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 28.43 | $ | 60.10 | $ | 63.62 | $ | 49.77 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.56 | 2.45 | 2.20 | 1.19 | ||||||||||||
| Net realized and unrealized gain (loss) |
13.44 | (31.09 | ) | (3.78 | ) | 12.94 | ||||||||||
| Total from investment operations |
15.00 | (28.64 | ) | (1.58 | ) | 14.13 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.58 | ) | (3.03 | ) | (1.94 | ) | (0.28 | ) | ||||||||
| Total dividends to shareholders |
(1.58 | ) | (3.03 | ) | (1.94 | ) | (0.28 | ) | ||||||||
| Net asset value, end of period |
$ | 41.85 | $ | 28.43 | $ | 60.10 | $ | 63.62 | ||||||||
| TOTAL RETURN2 |
53.57 | % | (48.27 | )% | (2.72 | )% | 28.41 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 142,297 | $ | 88,123 | $ | 240,408 | $ | 184,498 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.61 | %3 | ||||||||
| Net investment income |
3.91 | % | 5.27 | % | 3.32 | % | 2.71 | %3 | ||||||||
| Portfolio turnover rate4 |
36 | % | 40 | % | 16 | % | 19 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 112 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Global Equity Income Fund | For the Year Ended March 31, 20101 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 26.84 | $ | 58.90 | $ | 63.15 | $ | 49.83 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income2 |
2.07 | 2.32 | 2.16 | 1.09 | ||||||||||||
| Net realized and unrealized gain (loss) |
14.28 | (31.66 | ) | (4.38 | ) | 12.55 | ||||||||||
| Total from investment operations |
16.35 | (29.34 | ) | (2.22 | ) | 13.64 | ||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(2.20 | ) | (2.72 | ) | (2.03 | ) | (0.32 | ) | ||||||||
| Capital gains |
— | — | (0.00 | )3 | — | |||||||||||
| Total dividends and distributions to shareholders |
(2.20 | ) | (2.72 | ) | (2.03 | ) | (0.32 | ) | ||||||||
| Net asset value, end of period |
$ | 40.99 | $ | 26.84 | $ | 58.90 | $ | 63.15 | ||||||||
| TOTAL RETURN4 |
62.13 | % | (50.56 | )% | (3.76 | )% | 27.39 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 43,042 | $ | 18,787 | $ | 47,122 | $ | 50,520 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.26 | %** | 0.58 | % | 0.58 | % | 0.58 | %5 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.65 | %5 | ||||||||
| Net investment income |
5.49 | % | 5.16 | % | 3.32 | % | 2.44 | %5 | ||||||||
| Portfolio turnover rate6 |
94 | % | 47 | % | 21 | % | 24 | % | ||||||||
| * | Commencement of investment operations. |
| ** | Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when the Fund operated as a “fund of funds.” |
| 1 | This information reflects the investment objective and strategy of the WisdomTree Europe Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree Global Equity Income Fund thereafter. |
| 2 | Based on average shares outstanding. |
| 3 | Amount represents less than $0.005. |
| 4 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 5 | Annualized. |
| 6 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 113 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Europe SmallCap Dividend Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 22.44 | $ | 58.47 | $ | 70.15 | $ | 50.42 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.99 | 2.50 | 2.32 | 1.31 | ||||||||||||
| Net realized and unrealized gain (loss) |
15.37 | (35.53 | ) | (9.78 | ) | 18.89 | ||||||||||
| Total from investment operations |
16.36 | (33.03 | ) | (7.46 | ) | 20.20 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.18 | ) | (3.00 | ) | (4.22 | ) | (0.47 | ) | ||||||||
| Total dividends to shareholders |
(1.18 | ) | (3.00 | ) | (4.22 | ) | (0.47 | ) | ||||||||
| Net asset value, end of period |
$ | 37.62 | $ | 22.44 | $ | 58.47 | $ | 70.15 | ||||||||
| TOTAL RETURN2 |
74.18 | % | (56.75 | )% | (10.72 | )% | 40.14 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 30,095 | $ | 13,467 | $ | 46,778 | $ | 147,316 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.62 | %3 | ||||||||
| Net investment income |
2.92 | % | 6.03 | % | 3.33 | % | 2.99 | %3 | ||||||||
| Portfolio turnover rate4 |
55 | % | 63 | % | 22 | % | 47 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 114 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Japan Total Dividend Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 32.02 | $ | 48.34 | $ | 57.00 | $ | 50.32 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.73 | 0.57 | 0.64 | 0.56 | ||||||||||||
| Net realized and unrealized gain (loss) |
9.89 | (16.09 | ) | (8.82 | ) | 6.33 | ||||||||||
| Total from investment operations |
10.62 | (15.52 | ) | (8.18 | ) | 6.89 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(0.52 | ) | (0.80 | ) | (0.48 | ) | (0.21 | ) | ||||||||
| Total dividends to shareholders |
(0.52 | ) | (0.80 | ) | (0.48 | ) | (0.21 | ) | ||||||||
| Net asset value, end of period |
$ | 42.12 | $ | 32.02 | $ | 48.34 | $ | 57.00 | ||||||||
| TOTAL RETURN2 |
33.33 | % | (32.36 | )% | (14.39 | )% | 13.71 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 54,751 | $ | 19,212 | $ | 29,004 | $ | 51,301 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
| Expenses, prior to expense reimbursements |
0.48 | % | 0.48 | % | 0.48 | % | 0.54 | %3 | ||||||||
| Net investment income |
1.72 | % | 1.38 | % | 1.17 | % | 1.40 | %3 | ||||||||
| Portfolio turnover rate4 |
13 | % | 11 | % | 1 | % | 6 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 115 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree World ex-U.S. Growth Fund | For the Year Ended March 31, 20101 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 35.41 | $ | 49.59 | $ | 59.42 | $ | 50.14 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income2 |
1.11 | 0.75 | 0.65 | 1.18 | ||||||||||||
| Net realized and unrealized gain (loss) |
14.94 | (13.89 | ) | (9.50 | ) | 8.44 | ||||||||||
| Total from investment operations |
16.05 | (13.14 | ) | (8.85 | ) | 9.62 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.85 | ) | (1.04 | ) | (0.98 | ) | (0.34 | ) | ||||||||
| Total dividends to shareholders |
(1.85 | ) | (1.04 | ) | (0.98 | ) | (0.34 | ) | ||||||||
| Net asset value, end of period |
$ | 49.61 | $ | 35.41 | $ | 49.59 | $ | 59.42 | ||||||||
| TOTAL RETURN3 |
46.04 | % | (26.84 | )% | (14.96 | )% | 19.22 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 24,805 | $ | 21,245 | $ | 29,754 | $ | 95,069 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.58 | %6 | 0.58 | % | 0.58 | % | 0.58 | %4 | ||||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | % | 0.64 | %4 | ||||||||
| Net investment income |
2.54 | % | 1.70 | % | 1.18 | % | 3.00 | %4 | ||||||||
| Portfolio turnover rate5 |
121 | % | 47 | % | 1 | % | 6 | % | ||||||||
| * | Commencement of investment operations. |
| 1 | This information reflects the investment objective and strategy of the WisdomTree Japan Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree World ex-U.S. Growth 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. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 4 | Annualized. |
| 5 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 6 | Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the India Earnings Fund that are paid indirectly by the Fund. The Fund invests a portion of its assests in the WisdomTree India Earnings Fund in order to achieve exposure to securities in India. |
See Notes to Financial Statements.
| 116 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
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, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 31.47 | $ | 44.29 | $ | 52.33 | $ | 50.69 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.79 | 0.64 | 0.69 | 0.95 | ||||||||||||
| Net realized and unrealized gain (loss) |
9.96 | (12.97 | ) | (8.12 | ) | 0.74 | ||||||||||
| Total from investment operations |
10.75 | (12.33 | ) | (7.43 | ) | 1.69 | ||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(0.68 | ) | (0.49 | ) | (0.61 | ) | (0.05 | ) | ||||||||
| Total dividends to shareholders |
(0.68 | ) | (0.49 | ) | (0.61 | ) | (0.05 | ) | ||||||||
| Net asset value, end of period |
$ | 41.54 | $ | 31.47 | $ | 44.29 | $ | 52.33 | ||||||||
| TOTAL RETURN2 |
34.37 | % | (27.98 | )% | (14.23 | )% | 3.34 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 157,850 | $ | 66,078 | $ | 75,300 | $ | 99,419 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.64 | %3 | ||||||||
| Net investment income |
2.09 | % | 1.68 | % | 1.44 | % | 2.75 | %3 | ||||||||
| Portfolio turnover rate4 |
45 | % | 16 | % | 3 | % | 25 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 117 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Pacific ex-Japan Total Dividend Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 37.09 | $ | 73.00 | $ | 67.57 | $ | 49.71 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.79 | 2.86 | 2.69 | 1.40 | ||||||||||||
| Net realized and unrealized gain (loss) |
24.23 | (34.08 | ) | 4.61 | 16.85 | |||||||||||
| Total from investment operations |
26.02 | (31.22 | ) | 7.30 | 18.25 | |||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.71 | ) | (4.69 | ) | (1.87 | ) | (0.39 | ) | ||||||||
| Total dividends to shareholders |
(1.71 | ) | (4.69 | ) | (1.87 | ) | (0.39 | ) | ||||||||
| Net asset value, end of period |
$ | 61.40 | $ | 37.09 | $ | 73.00 | $ | 67.57 | ||||||||
| TOTAL RETURN2 |
70.97 | % | (42.77 | )% | (10.58 | )% | 36.80 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 89,033 | $ | 37,086 | $ | 146,008 | $ | 74,329 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
| Expenses, prior to expense reimbursements |
0.48 | % | 0.48 | % | 0.48 | % | 0.54 | %3 | ||||||||
| Net investment income |
3.11 | % | 4.76 | % | 3.42 | % | 3.31 | %3 | ||||||||
| Portfolio turnover rate4 |
18 | % | 31 | % | 12 | % | 21 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 118 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Pacific ex-Japan Equity Income Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 30.80 | $ | 63.30 | $ | 67.08 | $ | 49.02 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
2.23 | 3.00 | 3.24 | 2.18 | ||||||||||||
| Net realized and unrealized gain (loss) |
26.27 | (31.22 | ) | (3.40 | ) | 16.40 | ||||||||||
| Total from investment operations |
28.50 | (28.22 | ) | (0.16 | ) | 18.58 | ||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(2.06 | ) | (4.28 | ) | (3.48 | ) | (0.52 | ) | ||||||||
| Capital gains |
— | — | (0.14 | ) | — | |||||||||||
| Total dividends and distributions to shareholders |
(2.06 | ) | (4.28 | ) | (3.62 | ) | (0.52 | ) | ||||||||
| Net asset value, end of period |
$ | 57.24 | $ | 30.80 | $ | 63.30 | $ | 67.08 | ||||||||
| TOTAL RETURN2 |
93.79 | % | (44.42 | )% | (0.69 | )% | 38.02 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 117,339 | $ | 21,559 | $ | 56,966 | $ | 87,205 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.63 | %3 | ||||||||
| Net investment income |
4.25 | % | 6.25 | % | 4.42 | % | 5.11 | %3 | ||||||||
| Portfolio turnover rate4 |
25 | % | 55 | % | 16 | % | 7 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 119 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International LargeCap Dividend Fund |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 31.57 | $ | 61.86 | $ | 62.55 | $ | 49.86 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.50 | 2.11 | 1.80 | 0.85 | ||||||||||||
| Net realized and unrealized gain (loss) |
13.91 | (29.98 | ) | (1.11 | ) | 12.14 | ||||||||||
| Total from investment operations |
15.41 | (27.87 | ) | 0.69 | 12.99 | |||||||||||
| Dividends to shareholders: |
||||||||||||||||
| Net investment income |
(1.64 | ) | (2.42 | ) | (1.38 | ) | (0.30 | ) | ||||||||
| Total dividends to shareholders |
(1.64 | ) | (2.42 | ) | (1.38 | ) | (0.30 | ) | ||||||||
| Net asset value, end of period |
$ | 45.34 | $ | 31.57 | $ | 61.86 | $ | 62.55 | ||||||||
| TOTAL RETURN2 |
49.56 | % | (45.57 | )% | 0.93 | % | 26.08 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 149,624 | $ | 78,928 | $ | 154,658 | $ | 87,569 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.48 | % | 0.48 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.48 | % | 0.52 | %3 | ||||||||
| Net investment income |
3.54 | % | 4.38 | % | 2.69 | % | 1.99 | %3 | ||||||||
| Portfolio turnover rate4 |
26 | % | 30 | % | 15 | % | 8 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 120 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
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, 20101 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 28.46 | $ | 64.01 | $ | 66.37 | $ | 49.77 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income2 |
1.50 | 2.93 | 2.29 | 1.03 | ||||||||||||
| Net realized and unrealized gain (loss) |
14.24 | (34.43 | ) | (2.86 | ) | 15.80 | ||||||||||
| Total from investment operations |
15.74 | (31.50 | ) | (0.57 | ) | 16.83 | ||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(1.51 | ) | (4.05 | ) | (1.79 | ) | (0.22 | ) | ||||||||
| Capital gains |
— | — | — | (0.01 | ) | |||||||||||
| Total dividends and distributions to shareholders |
(1.51 | ) | (4.05 | ) | (1.79 | ) | (0.23 | ) | ||||||||
| Net asset value, end of period |
$ | 42.69 | $ | 28.46 | $ | 64.01 | $ | 66.37 | ||||||||
| TOTAL RETURN3 |
56.27 | % | (49.95 | )% | 1.05 | % | 33.83 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 164,338 | $ | 105,305 | $ | 390,485 | $ | 278,743 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %4 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.60 | %4 | ||||||||
| Net investment income |
3.81 | % | 5.90 | % | 3.28 | % | 2.30 | %4 | ||||||||
| Portfolio turnover rate5 |
69 | % | 55 | % | 24 | % | 8 | % | ||||||||
| * | Commencement of investment operations. |
| 1 | This information reflects the investment objective and strategy of the WisdomTree International Dividend Top 100 Fund through May 8, 2009 and the investment objective and strategy of the WisdomTree International Dividend ex-Financials 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. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 4 | Annualized. |
| 5 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 121 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
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, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 31.55 | $ | 62.60 | $ | 67.56 | $ | 50.13 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.26 | 1.82 | 1.92 | 1.08 | ||||||||||||
| Net realized and unrealized gain (loss) |
17.27 | (30.64 | ) | (4.95 | ) | 16.73 | ||||||||||
| Total from investment operations |
18.53 | (28.82 | ) | (3.03 | ) | 17.81 | ||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(1.39 | ) | (2.23 | ) | (1.81 | ) | (0.38 | ) | ||||||||
| Capital gains |
— | — | (0.12 | ) | — | |||||||||||
| Total dividends and distributions to shareholders |
(1.39 | ) | (2.23 | ) | (1.93 | ) | (0.38 | ) | ||||||||
| Net asset value, end of period |
$ | 48.69 | $ | 31.55 | $ | 62.60 | $ | 67.56 | ||||||||
| TOTAL RETURN2 |
59.59 | % | (46.43 | )% | (4.61 | )% | 35.57 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 146,069 | $ | 88,334 | $ | 219,104 | $ | 168,889 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.61 | %3 | ||||||||
| Net investment income |
2.88 | % | 3.80 | % | 2.76 | % | 2.53 | %3 | ||||||||
| Portfolio turnover rate4 |
49 | % | 32 | % | 18 | % | 44 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 122 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International SmallCap Dividend Fund |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 29.08 | $ | 61.11 | $ | 67.80 | $ | 50.35 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
1.20 | 1.91 | 1.86 | 1.43 | ||||||||||||
| Net realized and unrealized gain (loss) |
17.91 | (31.83 | ) | (7.08 | ) | 16.28 | ||||||||||
| Total from investment operations |
19.11 | (29.92 | ) | (5.22 | ) | 17.71 | ||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(1.21 | ) | (2.11 | ) | (1.41 | ) | (0.26 | ) | ||||||||
| Capital gains |
— | — | (0.06 | ) | — | |||||||||||
| Total dividends and distributions to shareholders |
(1.21 | ) | (2.11 | ) | (1.47 | ) | (0.26 | ) | ||||||||
| Net asset value, end of period |
$ | 46.98 | $ | 29.08 | $ | 61.11 | $ | 67.80 | ||||||||
| TOTAL RETURN2 |
66.50 | % | (49.23 | )% | (7.79 | )% | 35.21 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 429,870 | $ | 244,307 | $ | 482,761 | $ | 298,315 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | % | 0.60 | %3 | ||||||||
| Net investment income |
2.87 | % | 4.31 | % | 2.71 | % | 3.33 | %3 | ||||||||
| Portfolio turnover rate4 |
63 | % | 43 | % | 17 | % | 39 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 123 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Emerging Markets Equity Income Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Period July 13, 2007* through March 31, 2008 |
|||||||||
| Net asset value, beginning of period |
$ | 31.11 | $ | 51.82 | $ | 50.68 | ||||||
| Investment operations: |
||||||||||||
| Net investment income1 |
1.48 | 2.01 | 1.12 | |||||||||
| Net realized and unrealized gain (loss) |
21.00 | (20.76 | ) | 0.51 | ||||||||
| Total from investment operations |
22.48 | (18.75 | ) | 1.63 | ||||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(1.57 | ) | (1.96 | ) | (0.49 | ) | ||||||
| Total dividends to shareholders |
(1.57 | ) | (1.96 | ) | (0.49 | ) | ||||||
| Net asset value, end of period |
$ | 52.02 | $ | 31.11 | $ | 51.82 | ||||||
| TOTAL RETURN2 |
73.33 | % | (36.21 | )% | 3.23 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 540,990 | $ | 177,355 | $ | 165,813 | ||||||
| Ratios to average net assets of: |
||||||||||||
| Net expenses |
0.63 | % | 0.63 | % | 0.63 | %3 | ||||||
| Net investment income |
3.26 | % | 4.96 | % | 3.18 | %3 | ||||||
| Portfolio turnover rate4 |
44 | % | 67 | % | 3 | % | ||||||
| * | Commencement of investment operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 124 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Emerging Markets SmallCap Dividend Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Period October 30, 2007* through March 31, 2008 |
|||||||||
| Net asset value, beginning of period |
$ | 24.62 | $ | 43.95 | $ | 51.50 | ||||||
| Investment operations: |
||||||||||||
| Net investment income1 |
1.02 | 1.56 | 0.37 | |||||||||
| Net realized and unrealized gain (loss) |
20.00 | (19.57 | ) | (7.87 | ) | |||||||
| Total from investment operations |
21.02 | (18.01 | ) | (7.50 | ) | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(1.13 | ) | (1.32 | ) | (0.05 | ) | ||||||
| Total dividends to shareholders |
(1.13 | ) | (1.32 | ) | (0.05 | ) | ||||||
| Net asset value, end of period |
$ | 44.51 | $ | 24.62 | $ | 43.95 | ||||||
| TOTAL RETURN2 |
86.26 | % | (40.81 | )% | (14.57 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 342,754 | $ | 51,706 | $ | 52,742 | ||||||
| Ratios to average net assets of: |
||||||||||||
| Net expenses |
0.63 | %5 | 0.63 | % | 0.63 | %3 | ||||||
| Net investment income |
2.59 | % | 4.98 | % | 1.99 | %3 | ||||||
| Portfolio turnover rate4 |
38 | % | 64 | % | 6 | % | ||||||
| * | Commencement of investment operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 5 | Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the India Earnings Fund that are paid indirectly by the Fund. The Fund invests a portion of its assests in the WisdomTree India Earnings Fund in order to achieve exposure to securities in India. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 125 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
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, 2010 |
For the Period July 16, 2008* through March 31, 2009 |
||||||
| Net asset value, beginning of period |
$ | 12.13 | $ | 24.59 | ||||
| Investment operations: |
||||||||
| Net investment income1 |
0.53 | 0.32 | ||||||
| Net realized and unrealized gain (loss) |
3.68 | (12.78 | ) | |||||
| Total from investment operations |
4.21 | (12.46 | ) | |||||
| Dividends to shareholders: |
||||||||
| Net investment income |
(0.70 | ) | — | |||||
| Total dividends to shareholders |
(0.70 | ) | — | |||||
| Net asset value, end of period |
$ | 15.64 | $ | 12.13 | ||||
| TOTAL RETURN2 |
35.25 | % | (50.67 | )% | ||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||
| Net assets, end of period (000’s omitted) |
$ | 12,515 | $ | 7,279 | ||||
| Ratios to average net assets of: |
||||||||
| Expenses, net of expense reimbursements/waivers |
0.88 | % | 0.88 | %3 | ||||
| Expenses, prior to expense reimbursements/waivers |
1.30 | % | 1.49 | %3 | ||||
| Net investment income |
3.63 | % | 2.86 | %3 | ||||
| Portfolio turnover rate4 |
96 | % | 26 | % | ||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 126 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Hedged Equity Fund | For the Period December 31, 2009* through March 31, 2010 |
|||
| Net asset value, beginning of period |
$ | 46.92 | ||
| Investment operations: |
||||
| Net investment income1 |
0.29 | |||
| Net realized and unrealized gain (loss) |
0.64 | |||
| Total from investment operations |
0.93 | |||
| Dividends to shareholders: |
||||
| Net investment income |
(0.13 | ) | ||
| Total dividends to shareholders |
(0.13 | ) | ||
| Net asset value, end of period |
$ | 47.72 | ||
| TOTAL RETURN2 |
1.98 | % | ||
| RATIOS/SUPPLEMENTAL DATA: |
||||
| Net assets, end of period (000’s omitted) |
$ | 9,545 | ||
| Ratios to average net assets of: |
||||
| Expenses, net of expense reimbursements |
0.47 | %**3 | ||
| Expenses, prior to expense reimbursements |
0.58 | %3 | ||
| Net investment income |
2.53 | %3 | ||
| Portfolio turnover rate4 |
79 | % | ||
| * | Commencement of investment operations. |
| ** | Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when the Fund operated as a “fund of funds.” |
| 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. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 127 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Basic Materials Sector Fund |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 16.04 | $ | 35.96 | $ | 32.03 | $ | 25.46 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.47 | 0.65 | 0.61 | 0.25 | ||||||||||||
| Net realized and unrealized gain (loss) |
12.80 | (19.29 | ) | 3.58 | 6.32 | |||||||||||
| Total from investment operations |
13.27 | (18.64 | ) | 4.19 | 6.57 | |||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(0.41 | ) | (1.28 | ) | (0.26 | ) | — | |||||||||
| Capital gains |
— | — | (0.00 | )2 | — | |||||||||||
| Total dividends and distributions to shareholders |
(0.41 | ) | (1.28 | ) | (0.26 | ) | — | |||||||||
| Net asset value, end of period |
$ | 28.90 | $ | 16.04 | $ | 35.96 | $ | 32.03 | ||||||||
| TOTAL RETURN3 |
83.44 | % | (52.10 | )% | 13.09 | % | 25.81 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 49,137 | $ | 22,460 | $ | 93,507 | $ | 6,406 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %4 | ||||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | % | 0.88 | %4 | ||||||||
| Net investment income |
1.91 | % | 2.21 | % | 1.62 | % | 1.89 | %4 | ||||||||
| Portfolio turnover rate5 |
25 | % | 53 | % | 11 | % | 0 | %6 | ||||||||
| * | Commencement of investment operations. |
| 1 | Based on average shares outstanding. |
| 2 | Amount represents less than $0.005. |
| 3 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 4 | Annualized. |
| 5 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 6 | Amount represents less than 1%. |
See Notes to Financial Statements.
| 128 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Energy Sector Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 18.61 | $ | 31.98 | $ | 28.55 | $ | 25.44 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.80 | 1.01 | 0.79 | 0.22 | ||||||||||||
| Net realized and unrealized gain (loss) |
6.07 | (12.84 | ) | 3.18 | 2.92 | |||||||||||
| Total from investment operations |
6.87 | (11.83 | ) | 3.97 | 3.14 | |||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(0.85 | ) | (1.54 | ) | (0.53 | ) | (0.03 | ) | ||||||||
| Capital gains |
— | — | (0.01 | ) | — | |||||||||||
| Total dividends and distributions to shareholders |
(0.85 | ) | (1.54 | ) | (0.54 | ) | (0.03 | ) | ||||||||
| Net asset value, end of period |
$ | 24.63 | $ | 18.61 | $ | 31.98 | $ | 28.55 | ||||||||
| TOTAL RETURN2 |
37.29 | % | (37.05 | )% | 13.84 | % | 12.36 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 45,569 | $ | 22,332 | $ | 57,562 | $ | 22,840 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %3 | ||||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | % | 0.69 | %3 | ||||||||
| Net investment income |
3.36 | % | 3.49 | % | 2.43 | % | 1.82 | %3 | ||||||||
| Portfolio turnover rate4 |
16 | % | 38 | % | 13 | % | 1 | % | ||||||||
| * | Commencement of investment 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. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 129 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Utilities Sector Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 2006* through March 31, 2007 |
||||||||||||
| Net asset value, beginning of period |
$ | 17.78 | $ | 32.73 | $ | 29.71 | $ | 24.96 | ||||||||
| Investment operations: |
||||||||||||||||
| Net investment income1 |
0.87 | 1.25 | 0.55 | 0.18 | ||||||||||||
| Net realized and unrealized gain (loss) |
3.77 | (14.74 | ) | 2.75 | 4.61 | |||||||||||
| Total from investment operations |
4.64 | (13.49 | ) | 3.30 | 4.79 | |||||||||||
| Dividends and distributions to shareholders: |
||||||||||||||||
| Net investment income |
(0.96 | ) | (1.46 | ) | (0.28 | ) | (0.04 | ) | ||||||||
| Capital gains |
— | — | (0.00 | )2 | — | |||||||||||
| Total dividends and distributions to shareholders |
(0.96 | ) | (1.46 | ) | (0.28 | ) | (0.04 | ) | ||||||||
| Net asset value, end of period |
$ | 21.46 | $ | 17.78 | $ | 32.73 | $ | 29.71 | ||||||||
| TOTAL RETURN3 |
26.42 | % | (42.00 | )% | 11.05 | % | 19.18 | % | ||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 49,348 | $ | 28,455 | $ | 78,561 | $ | 23,768 | ||||||||
| Ratios to average net assets of: |
||||||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | % | 0.58 | %4 | ||||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | % | 0.68 | %4 | ||||||||
| Net investment income |
4.17 | % | 4.53 | % | 1.62 | % | 1.38 | %4 | ||||||||
| Portfolio turnover rate5 |
17 | % | 50 | % | 13 | % | 1 | % | ||||||||
| * | Commencement of investment operations. |
| 1 | Based on average shares outstanding. |
| 2 | Amount represents less than $0.005. |
| 3 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 4 | Annualized. |
| 5 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 130 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Financial Highlights (concluded)
WisdomTree International Dividend and Sector Funds
March 31, 2010
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Real Estate Fund | For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
For the Period June 5, 2007* through March 31, 2008 |
|||||||||
| Net asset value, beginning of period |
$ | 16.92 | $ | 41.84 | $ | 51.89 | ||||||
| Investment operations: |
||||||||||||
| Net investment income1 |
0.96 | 1.35 | 1.22 | |||||||||
| Net realized and unrealized gain (loss) |
11.39 | (25.46 | ) | (9.32 | ) | |||||||
| Total from investment operations |
12.35 | (24.11 | ) | (8.10 | ) | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(2.52 | ) | (0.81 | ) | (1.95 | ) | ||||||
| Total dividends to shareholders |
(2.52 | ) | (0.81 | ) | (1.95 | ) | ||||||
| Net asset value, end of period |
$ | 26.75 | $ | 16.92 | $ | 41.84 | ||||||
| TOTAL RETURN2 |
74.20 | % | (57.85 | )% | (15.90 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 84,276 | $ | 40,619 | $ | 112,962 | ||||||
| Ratios to average net assets of: |
||||||||||||
| Net expenses |
0.58 | % | 0.58 | % | 0.58 | %3 | ||||||
| Net investment income |
3.76 | % | 4.55 | % | 3.17 | %3 | ||||||
| Portfolio turnover rate4 |
19 | % | 35 | % | 15 | % | ||||||
| * | Commencement of investment operations. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. |
| 3 | Annualized. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree International Dividend and Sector Funds | 131 |
Table of Contents
March 31, 2010
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust pursuant to a Trust Instrument dated December 15, 2005. As of March 31, 2010, the Trust offered 42 investment funds (each a “Fund,” collectively, the “Funds”). The Funds described herein, commenced operations on June 16, 2006, except as follows; The WisdomTree International Basic Materials Sector Fund, WisdomTree International Energy Sector Fund, WisdomTree International Utilities Sector Fund commenced operations on October 13, 2006. The WisdomTree International Real Estate Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Middle East Dividend Fund and WisdomTree International Hedged Equity Fund, commenced operations on June 5, 2007, July 13, 2007, October 30, 2007, July 16, 2008 and December 31, 2009, respectively.
These financial statements relate only to the WisdomTree DEFA Fund (“DEFA Fund”), WisdomTree DEFA Equity Income Fund (“DEFA Equity Income Fund”), WisdomTree Global Equity Income Fund, formerly WisdomTree Europe Equity Income Fund (“Global Equity Income Fund”), WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund”), WisdomTree Japan Total Dividend Fund (“Japan Total Dividend Fund”), WisdomTree World ex-U.S. Growth Fund, formerly WisdomTree Japan Equity Income Fund (“World ex-U.S. Growth Fund”), WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund”), WisdomTree Pacific ex-Japan Total Dividend Fund (“Pacific ex-Japan Total Dividend Fund”), WisdomTree Pacific ex-Japan Equity Income Fund (“Pacific ex-Japan Equity Income Fund”), WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund”), WisdomTree International Dividend ex-Financials Fund, formerly the WisdomTree International Dividend Top 100 Fund (“International Dividend ex-Financials Fund”), WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund”), WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund”), WisdomTree Emerging Markets Equity Income Fund (“Emerging Markets Equity Income Fund”), WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund”), WisdomTree Middle East Dividend Fund (“Middle East Dividend Fund”), WisdomTree International Hedged Equity Fund (“International Hedged Equity Fund”), WisdomTree International Basic Materials Sector Fund (“International Basic Materials Sector Fund”), WisdomTree International Energy Sector Fund (“International Energy Sector Fund”), WisdomTree International Utilities Sector Fund (“International Utilities Sector Fund”) and WisdomTree International Real Estate Fund (“International Real Estate Fund”), together the “International Dividend and Sector Funds.”
Each Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). Each Fund described herein is considered to be non-diversified.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) has become 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 Codification has superseded all existing non-SEC accounting and reporting standards.
Guarantees — 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 expect the risk of loss to be remote.
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 the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. The Fund may rely on an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask prices. Securities for which market quotations are not readily available are valued at fair value as determined by management and in
| 132 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
accordance with procedures approved by the Board of Trustees. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
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 valued in accordance with the Fund’s pricing policy and procedures. 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). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be “fair valued.” 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. Transactions in Fund shares will be priced at NAV only if you purchase or redeem shares directly from a Fund in Creation Units, which are typically in blocks or 50,000 shares or more. Fund shares purchased or sold on a national securities exchange at market prices, which may be higher or lower than NAV. Each Fund may invest in money market funds which are valued at NAV.
Fair Value Measurement — GAAP provides guidance on fair value measurements. This standard defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosure about fair value measurements.
Various inputs are used in determining the value of the Funds’ investments. These inputs are 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 assumption in determining the fair value of 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; (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 net asset value is computed and that may materially affect the value of the Fund’s investments).
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
The following is a summary of the inputs used as of March 31, 2010 in valuing each Fund’s assets carried at fair value:
| DEFA Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 431,464,635 | $ | — | $ | — | ||||||
| Rights |
7,447 | — | — | |||||||||
| Money Market Fund |
— | 3,252,437 | — | |||||||||
| Total |
431,472,082 | 3,252,437 | — | |||||||||
| Other Financial Instruments* |
— | (27 | ) | — | ||||||||
| Total – Net |
$ | 431,472,082 | $ | 3,252,410 | $ | — | ||||||
| DEFA Equity Income Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 141,267,636 | $ | — | $ | — | ||||||
| Rights |
3,551 | — | — | |||||||||
| Money Market Fund |
— | 9,410,520 | — | |||||||||
| Total |
141,271,187 | 9,410,520 | — | |||||||||
| Other Financial Instruments* |
— | (16 | ) | — | ||||||||
| Total – Net |
$ | 141,271,187 | $ | 9,410,504 | $ | — | ||||||
| WisdomTree International Dividend and Sector Funds | 133 |
Table of Contents
Notes to Financial Statements (continued)
| Global Equity Income Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 42,661,001 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 232,114 | — | |||||||||
| Total |
42,661,001 | 232,114 | — | |||||||||
| Other Financial Instruments* |
— | 27 | — | |||||||||
| Total – Net |
$ | 42,661,001 | $ | 232,141 | $ | — | ||||||
| Europe SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 29,725,833 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 2,357,619 | — | |||||||||
| Total |
29,725,833 | 2,357,619 | — | |||||||||
| Other Financial Instruments* |
— | (674 | ) | — | ||||||||
| Total – Net |
$ | 29,725,833 | $ | 2,356,945 | $ | — | ||||||
| Japan Total Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 54,012,298 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 6,433,241 | — | |||||||||
| Total |
54,012,298 | 6,433,241 | — | |||||||||
| Other Financial Instruments* |
— | (2,383 | ) | — | ||||||||
| Total – Net |
$ | 54,012,298 | $ | 6,430,858 | $ | — | ||||||
| World ex-U.S. Growth Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 24,231,527 | $ | — | $ | — | ||||||
| Rights |
390 | — | — | |||||||||
| Money Market Fund |
— | 594,175 | — | |||||||||
| Affiliated Funds |
358,979 | — | — | |||||||||
| Total |
24,590,896 | 594,175 | — | |||||||||
| Other Financial Instruments* |
— | (1,483 | ) | — | ||||||||
| Total – Net |
$ | 24,590,896 | $ | 592,692 | $ | — | ||||||
| Japan SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 155,693,205 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 17,102,987 | — | |||||||||
| Total |
$ | 155,693,205 | $ | 17,102,987 | $ | — | ||||||
| Pacific ex-Japan Total Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 87,989,883 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 3,841,171 | — | |||||||||
| Total |
$ | 87,989,883 | $ | 3,841,171 | $ | — | ||||||
| Pacific ex-Japan Equity Income Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 115,840,395 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 16,556,045 | — | |||||||||
| Total |
$ | 115,840,395 | $ | 16,556,045 | $ | — | ||||||
| 134 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
| International LargeCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 148,261,055 | $ | — | $ | — | ||||||
| Rights |
929 | — | — | |||||||||
| Money Market Fund |
— | 7,469,570 | — | |||||||||
| Total |
148,261,984 | 7,469,570 | — | |||||||||
| Other Financial Instruments* |
— | (12 | ) | — | ||||||||
| Total – Net |
$ | 148,261,984 | $ | 7,469,558 | $ | — | ||||||
| International Dividend ex-Financials Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 162,483,182 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 4,533,391 | — | |||||||||
| Total |
$ | 162,483,182 | $ | 4,533,391 | $ | — | ||||||
| International MidCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 144,975,811 | $ | — | $ | 1,562 | ||||||
| Rights |
9,563 | — | — | |||||||||
| Money Market Fund |
— | 14,934,216 | — | |||||||||
| Total |
$ | 144,985,374 | $ | 14,934,216 | $ | 1,562 | ||||||
| International SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 423,533,448 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 68,153,096 | — | |||||||||
| Total |
423,533,448 | 68,153,096 | — | |||||||||
| Other Financial Instruments* |
— | (227 | ) | — | ||||||||
| Total – Net |
$ | 423,533,448 | $ | 68,152,869 | $ | — | ||||||
| Emerging Markets Equity Income Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 536,442,822 | $ | — | $ | — | ||||||
| Warrants |
— | 1,651 | — | |||||||||
| Money Market Fund |
— | 7,306,011 | — | |||||||||
| Total |
536,442,822 | 7,307,662 | — | |||||||||
| Other Financial Instruments* |
— | (46,147 | ) | — | ||||||||
| Total – Net |
$ | 536,442,822 | $ | 7,261,515 | $ | — | ||||||
| Emerging Markets SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 337,044,259 | $ | — | $ | — | ||||||
| Warrants |
— | 2,072 | — | |||||||||
| Money Market Fund |
— | 12,303,099 | — | |||||||||
| Affiliated Funds |
2,728,210 | — | — | |||||||||
| Total |
339,772,469 | 12,305,171 | — | |||||||||
| Other Financial Instruments* |
— | (14,478 | ) | — | ||||||||
| Total – Net |
$ | 339,772,469 | $ | 12,290,693 | $ | — | ||||||
| WisdomTree International Dividend and Sector Funds | 135 |
Table of Contents
Notes to Financial Statements (continued)
| Middle East Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 12,338,311 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 3,377 | — | |||||||||
| Total |
12,338,311 | 3,377 | — | |||||||||
| Other Financial Instruments* |
— | 13 | — | |||||||||
| Total – Net |
$ | 12,338,311 | $ | 3,390 | $ | — | ||||||
| International Hedged Equity Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 9,443,250 | $ | — | $ | — | ||||||
| Rights |
151 | — | — | |||||||||
| Money Market Fund |
— | 70,917 | — | |||||||||
| Total |
9,443,401 | 70,917 | — | |||||||||
| Other Financial Instruments* |
— | 17,323 | — | |||||||||
| Total – Net |
$ | 9,443,401 | $ | 88,240 | $ | — | ||||||
| International Basic Materials Sector Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 48,976,595 | $ | — | $ | 1,203 | ||||||
| Money Market Fund |
— | 2,797,261 | — | |||||||||
| Total |
$ | 48,976,595 | $ | 2,797,261 | $ | 1,203 | ||||||
| International Energy Sector Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 45,386,803 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 261,366 | — | |||||||||
| Total |
$ | 45,386,803 | $ | 261,366 | $ | — | ||||||
| International Utilities Sector Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 49,182,246 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 2,728,073 | — | |||||||||
| Total |
$ | 49,182,246 | $ | 2,728,073 | $ | — | ||||||
| International Real Estate Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Investments in Securities |
||||||||||||
| Common Stocks |
$ | 83,517,463 | $ | — | $ | — | ||||||
| Money Market Fund |
— | 5,230,336 | — | |||||||||
| Total |
$ | 83,517,463 | $ | 5,230,336 | $ | — | ||||||
| * | Other financial instruments include foreign forward currency contracts. The fair value of these contracts is represented by net unrealized appreciation or depreciation in this table. |
| 136 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:
| DEFA Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 90,390 | ||
| Realized gain (loss) |
(167,101 | ) | ||
| Change in unrealized appreciation (depreciation) |
76,711 | |||
| Net purchases (sales) |
— | |||
| Transfers in and/or out of Level 3 |
— | |||
| Balance as of March 31, 2010 |
$ | — | ||
| DEFA Equity Income Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 83,193 | ||
| Realized gain (loss) |
(388,598 | ) | ||
| Change in unrealized appreciation (depreciation) |
305,405 | |||
| Net purchases (sales) |
— | |||
| Transfers in and/or out of Level 3 |
— | |||
| Balance as of March 31, 2010 |
$ | — | ||
| Global Equity Income Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 12,272 | ||
| Realized gain (loss) |
(98,453 | ) | ||
| Change in unrealized appreciation (depreciation) |
86,181 | |||
| Net purchases (sales) |
— | |||
| Transfers in and/or out of Level 3 |
— | |||
| Balance as of March 31, 2010 |
$ | — | ||
| Europe SmallCap Dividend Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 34,069 | ||
| Realized gain (loss) |
(359,629 | ) | ||
| Change in unrealized appreciation (depreciation) |
318,864 | |||
| Net purchases (sales) |
(1,485 | ) | ||
| Transfers in and/or out of Level 3 |
8,181 | |||
| Balance as of March 31, 2010 |
$ | — | ||
| Pacific ex-Japan Total Dividend Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 102,910 | ||
| Realized gain (loss) |
(219,691 | ) | ||
| Change in unrealized appreciation (depreciation) |
123,693 | |||
| Net purchases (sales) |
(6,912 | ) | ||
| Transfers in and/or out of Level 3 |
— | |||
| Balance as of March 31, 2010 |
$ | — | ||
| Pacific ex-Japan Equity Income Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 82,865 | ||
| Realized gain (loss) |
(160,936 | ) | ||
| Change in unrealized appreciation (depreciation) |
78,071 | |||
| Net purchases (sales) |
— | |||
| Transfers in and/or out of Level 3 |
— | |||
| Balance as of March 31, 2010 |
$ | — | ||
| WisdomTree International Dividend and Sector Funds | 137 |
Table of Contents
Notes to Financial Statements (continued)
| International MidCap Dividend Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 55,963 | ||
| Realized gain (loss) |
34,015 | |||
| Change in unrealized appreciation (depreciation)* |
(13,564 | ) | ||
| Net purchases (sales) |
(74,852 | ) | ||
| Transfers in/or out of Level 3 |
— | |||
| Balance as of March 31, 2010 |
$ | 1,562 | ||
| * | The net change in unrealized appreciation (depreciation) relating to investments still held by the Fund at 3/31/10 is $250. |
| International SmallCap Dividend Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 1,207,451 | ||
| Realized gain (loss) |
(5,099,441 | ) | ||
| Change in unrealized appreciation (depreciation) |
3,902,174 | |||
| Net purchases (sales) |
(71,829 | ) | ||
| Transfers in/or out of Level 3 |
61,645 | |||
| Balance as of March 31, 2010 |
$ | — | ||
| Middle East Dividend Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | 147,943 | ||
| Realized gain (loss) |
(77,820 | ) | ||
| Change in unrealized appreciation (depreciation) |
(21,686 | ) | ||
| Net purchases (sales) |
(48,437 | ) | ||
| Transfers in/or out of Level 3 |
— | |||
| Balance as of March 31, 2010 |
$ | — | ||
| International Basic Materials Sector Fund | Common Stocks | |||
| Balance as of April 1, 2009 |
$ | — | ||
| Realized gain (loss) |
72,490 | |||
| Change in unrealized appreciation (depreciation)* |
7,090 | |||
| Net purchases (sales) |
(78,377 | ) | ||
| Transfers in and/or out of Level 3 |
— | |||
| Balance as of March 31, 2010 |
$ | 1,203 | ||
| * | The net change in unrealized appreciation (depreciation) relating to investments still held by the Fund at 3/31/10 is $248. |
In January-2010, FASB issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about Fair Value Measurements.” ASU 2010-06 will require reporting entities to make new disclosures about amounts and reasons for significant transfers in and out of Level 1 and Level 2 fair value measurements as well as inputs and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements that fall in either Level 2 or Level 3, and information on purchases, sales, issuances and settlements on a gross basis in the reconciliation of activity in Level 3 fair value measurements. The new and revised disclosures are required to be implemented for fiscal years beginning after December 15, 2009, except for the disclosures surrounding purchases, sales, issuances and settlements on a gross basis in the reconciliation of Level 3 fair value measurements, which are effective for fiscal years beginning after December 15, 2010. Management is currently evaluating the impact the adoption of ASU No. 2010-06 may have on the Fund’s financial statement disclosures.
Derivative and Hedging Disclosure — GAAP 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 application of this disclosure is effective for fiscal years beginning November 15, 2008 and interim period within those fiscal years. The funds that have invested in derivatives, specifically forward currency contracts, for the fiscal year ended March 31, 2010 are detailed in the forward currency contract table herein. The volume of derivatives that is presented in the forward foreign currency contracts table is consistent with the derivative activity during the year ended March 31, 2010. The Funds’ management is not aware of any credit-risk contingent feature on forward foreign currency contracts held by the Funds.
| 138 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
The Funds listed below have invested in derivatives, specifically forward foreign currency contracts (“Forward Contracts”) as described on page 141, for the period ended March 31, 2010. The Forward Contracts are subject to credit risk which is where the financial condition of an issuer of a money market security may cause it to default or become unable to pay interest or principal due on the security, therefore, the counterparty to a derivative contract might default on its obligations. The effect of such derivative instruments on each Fund’s financial position and financial performance as reflected in the Statement of Assets and Liabilities and Statements of Operations are presented in the summary below.
| Asset Derivatives | Liability Derivatives | |||||||||||
| Derivatives not designated as hedging instruments, carried at fair value | Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | ||||||||
| DEFA Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | $ | — | Unrealized depreciation on forward foreign currency contracts | $ | 27 | ||||||
| DEFA Equity Income Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | — | Unrealized depreciation on forward foreign currency contracts | 16 | ||||||||
| Global Equity Income Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | 79 | Unrealized depreciation on forward foreign currency contracts | 52 | ||||||||
| Europe Small Cap Dividend Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | — | Unrealized depreciation on forward foreign currency contracts | 674 | ||||||||
| Japan Total Dividend Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts |
— | Unrealized depreciation on forward foreign currency contracts |
2,383 | ||||||||
| World ex-U.S. Growth Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | — | Unrealized depreciation on forward foreign currency contracts | 1,483 | ||||||||
| International LargeCap Dividend Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | — | Unrealized depreciation on forward foreign currency contracts | 12 | ||||||||
| International SmallCap Dividend Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | — | Unrealized depreciation on forward foreign currency contracts | 227 | ||||||||
| Emerging Markets Equity Income Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | — | Unrealized depreciation on forward foreign currency contracts | 46,147 | ||||||||
| Emerging Markets SmallCap Dividend Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | 1,200 | Unrealized depreciation on forward foreign currency contracts | 15,678 | ||||||||
| Middle East Dividend Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | 13 | Unrealized depreciation on forward foreign currency contracts | — | ||||||||
| International Hedged Equity Fund |
||||||||||||
| Foreign exchange contracts |
Unrealized appreciation on forward foreign currency contracts | 64,966 | Unrealized depreciation on forward foreign currency contracts | 47,643 | ||||||||
| WisdomTree International Dividend and Sector Funds | 139 |
Table of Contents
Notes to Financial Statements (continued)
| Derivatives not designated as hedging instruments, carried at fair value |
Derivative Instruments | Amount of Realized Gain or (Loss) on Derivatives Recognized in Income |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income |
|||||||||
| DEFA Fund |
Forward Foreign Currency Contracts | $ | (6,541,499 | ) | $ | 3,503 | ||||||
| DEFA Equity Income Fund |
Forward Foreign Currency Contracts | 16,223 | 269 | |||||||||
| Global Equity Income Fund |
Forward Foreign Currency Contracts | (375,657 | ) | 71 | ||||||||
| Europe Small Cap Dividend Fund |
Forward Foreign Currency Contracts | 20,581 | (2,333 | ) | ||||||||
| Japan Total Dividend Fund |
Forward Foreign Currency Contracts | (13,605 | ) | (3,292 | ) | |||||||
| World ex-U.S. Growth Fund |
Forward Foreign Currency Contracts | (270,231 | ) | (1,331 | ) | |||||||
| Japan SmallCap Dividend Fund |
Forward Foreign Currency Contracts | (7,159 | ) | 655 | ||||||||
| Pacific ex-Japan Total Dividend Fund |
Forward Foreign Currency Contracts | (14,920 | ) | 730 | ||||||||
| Pacific ex-Japan Equity Income Fund |
Forward Foreign Currency Contracts | (10,359 | ) | (538 | ) | |||||||
| International LargeCap Dividend Fund |
Forward Foreign Currency Contracts | 43,598 | 1,365 | |||||||||
| International Dividend ex-Financials Fund |
Forward Foreign Currency Contracts | 175,203 | 270 | |||||||||
| International MidCap Dividend Fund |
Forward Foreign Currency Contracts | (37,065 | ) | (1,992 | ) | |||||||
| International SmallCap Dividend Fund |
Forward Foreign Currency Contracts | 133,557 | 2,419 | |||||||||
| Emerging Markets Equity Income Fund |
Forward Foreign Currency Contracts | 102,704 | (45,998 | ) | ||||||||
| Emerging Markets SmallCap Dividend Fund |
Forward Foreign Currency Contracts | (59,186 | ) | (14,363 | ) | |||||||
| Middle East Dividend Fund |
Forward Foreign Currency Contracts | (5,103 | ) | 13 | ||||||||
| International Hedged Equity Fund |
Forward Foreign Currency Contracts | 99,455 | 17,323 | |||||||||
| International Basic Material Sector Fund |
Forward Foreign Currency Contracts | (38,825 | ) | (1 | ) | |||||||
| International Energy Sector Fund |
Forward Foreign Currency Contracts | 4,890 | 86 | |||||||||
| International Utilities Sector Fund |
Forward Foreign Currency Contracts | (1,281 | ) | 44 | ||||||||
| International Real Estate Fund |
Forward Foreign Currency Contracts | 393 | 87 | |||||||||
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 is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premium and discounts, is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates deemed appropriate by the investment adviser. Realized and unrealized foreign exchange gains or losses on investments are included as a component of net realized and unrealized gain or loss on foreign currency transactions 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 — WisdomTree Asset Management, Inc. (“WTAM”) has agreed to pay all expenses of the Funds (other than the Middle East Dividend Fund), 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s chief compliance officer; (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.
Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of chief compliance officer (“CCO”) services to the Funds, 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 service fee paid by each Fund, of up to 0.0044% of each Fund’s average daily net assets. Trustees fees, which are included in Service Fees on the Statements of Operations, of $361,436 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the year ended March 31, 2010. Expenses in excess of 0.0044% were paid by WTAM. WTAM has agreed to limit the total expenses of the Middle East Dividend Fund to 0.88%.
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 in connection with distributions to shareholders. The Funds, other than the International Hedged Equity Fund, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of a Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.
| 140 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
Forward Foreign Currency Transactions — A forward foreign currency contract (“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 has no margin deposit requirement, and no commissions are charged at any stage for trades.
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 foreign currency contracts by the Funds. Realized gains and losses on forward foreign currency contracts include net gains or losses recognized by the Funds on contracts which have matured.
The following forward foreign currency contracts were open at March 31, 2010:
| Fund Name | Settlement Date | Contracts To Deliver |
In Exchange For |
Unrealized Gain (Loss) |
||||||||||||||||||
| DEFA Fund |
4/01/10 | USD | 71 | NZD | 100 | $ | — | |||||||||||||||
| 4/01/10 | USD | 72 | SGD | 100 | — | |||||||||||||||||
| 4/06/10 | AUD | 177,000 | USD | 162,433 | (27 | ) | ||||||||||||||||
| 4/06/10 | USD | 34 | NOK | 200 | — | |||||||||||||||||
| $ | (27 | ) | ||||||||||||||||||||
| DEFA Equity Income Fund |
||||||||||||||||||||||
| 4/01/10 | USD | 71 | NZD | 100 | $ | — | ||||||||||||||||
| 4/06/10 | AUD | 109,818 | USD | 100,780 | (16 | ) | ||||||||||||||||
| $ | (16 | ) | ||||||||||||||||||||
| Global Equity Income Fund |
||||||||||||||||||||||
| 4/01/10 | USD | 42,885 | MYR | 139,719 | $ | (52 | ) | |||||||||||||||
| 4/06/10 | GBP | 61,000 | USD | 92,610 | 79 | |||||||||||||||||
| $ | 27 | |||||||||||||||||||||
| Europe Small Cap Dividend Fund |
||||||||||||||||||||||
| 4/01/10 | EUR | 61,844 | USD | 83,007 | $ | (674 | ) | |||||||||||||||
| Japan Total Dividend Fund |
||||||||||||||||||||||
| 4/01/10 | USD | 254,507 | JPY | 23,558,420 | $ | (2,383 | ) | |||||||||||||||
| World ex-U.S. Growth Fund |
||||||||||||||||||||||
| 4/01/10 | ZAR | 502,421 | USD | 66,930 | $ | (1,483 | ) | |||||||||||||||
| Pacific ex-Japan Total Dividend Fund |
||||||||||||||||||||||
| 4/01/10 | USD | 358 | SGD | 500 | $ | — | ||||||||||||||||
| International LargeCap Dividend Fund |
||||||||||||||||||||||
| 4/06/10 | AUD | 80,000 | USD | 73,416 | $ | (12 | ) | |||||||||||||||
| International Midcap Dividend Fund |
||||||||||||||||||||||
| 4/01/10 | USD | 71 | NZD | 100 | $ | — | ||||||||||||||||
| International SmallCap Dividend Fund |
||||||||||||||||||||||
| 4/01/10 | EUR | 35,533 | USD | 47,867 | $ | (213 | ) | |||||||||||||||
| 4/01/10 | USD | 358 | SGD | 500 | — | |||||||||||||||||
| 4/06/10 | AUD | 96,000 | USD | 88,099 | (14 | ) | ||||||||||||||||
| 4/06/10 | USD | 17 | NOK | 100 | — | |||||||||||||||||
| $ | (227 | ) | ||||||||||||||||||||
| Emerging Markets Equity Income Fund |
||||||||||||||||||||||
| 4/01/10 | USD | 37,886 | CLP | 19,844,846 | $ | (69 | ) | |||||||||||||||
| 4/01/10 | ZAR | 22,879,664 | USD | 3,069,365 | (46,078 | ) | ||||||||||||||||
| $ | (46,147 | ) | ||||||||||||||||||||
| WisdomTree International Dividend and Sector Funds | 141 |
Table of Contents
Notes to Financial Statements (continued)
| Fund Name | Settlement Date | Contracts To Deliver |
In Exchange For |
Unrealized Gain (Loss) |
||||||||||||||||||
| Emerging Markets SmallCap Dividend Fund |
||||||||||||||||||||||
| 4/01/10 | KRW | 1,670,000,000 | USD | 1,476,047 | 65 | |||||||||||||||||
| 4/01/10 | USD | 466,966 | KRW | 527,858,810 | (433 | ) | ||||||||||||||||
| 4/01/10 | USD | 270,101 | MYR | 879,990 | (330 | ) | ||||||||||||||||
| 4/01/10 | USD | 168,371 | MYR | 552,931 | 1,135 | |||||||||||||||||
| 4/01/10 | ZAR | 7,405,818 | USD | 933,509 | $ | (14,915 | ) | |||||||||||||||
| $ | (14,478 | ) | ||||||||||||||||||||
| Middle East Dividend Fund |
||||||||||||||||||||||
| 4/05/10 | QAR | 238,375 | USD | 65,470 | $ | 13 | ||||||||||||||||
| International Hedged Equity Fund |
||||||||||||||||||||||
| 4/08/10 | AUD | 933,489 | USD | 834,416 | $ | (22,210 | ) | |||||||||||||||
| 4/08/10 | CHF | 558,637 | USD | 517,753 | (13,003 | ) | ||||||||||||||||
| 4/08/10 | GBP | 1,165,498 | USD | 1,757,039 | (10,881 | ) | ||||||||||||||||
| 4/08/10 | NOK | 655,508 | USD | 110,159 | (271 | ) | ||||||||||||||||
| 4/08/10 | SGD | 282,447 | USD | 200,809 | (1,220 | ) | ||||||||||||||||
| 4/08/10 | USD | 3,701,725 | EUR | 2,729,707 | 8,158 | |||||||||||||||||
| 4/08/10 | USD | 1,207,456 | JPY | 107,600,832 | 55,881 | |||||||||||||||||
| 4/08/10 | USD | 242,627 | SEK | 1,739,815 | 884 | |||||||||||||||||
| 5/10/10 | AUD | 980,619 | USD | 896,727 | 5 | |||||||||||||||||
| 5/10/10 | CHF | 566,105 | USD | 537,995 | 13 | |||||||||||||||||
| 5/10/10 | EUR | 2,903,109 | USD | 3,928,255 | (38 | ) | ||||||||||||||||
| 5/10/10 | GBP | 1,213,633 | USD | 1,840,584 | (16 | ) | ||||||||||||||||
| 5/10/10 | JPY | 111,646,077 | USD | 1,195,073 | 25 | |||||||||||||||||
| 5/10/10 | NOK | 688,322 | USD | 115,787 | (1 | ) | ||||||||||||||||
| 5/10/10 | SEK | 1,882,587 | USD | 261,598 | — | |||||||||||||||||
| 5/10/10 | SGD | 295,522 | USD | 211,344 | (3 | ) | ||||||||||||||||
| $ | 17,323 | |||||||||||||||||||||
Currency Legend:
| AUD – Australian dollar | NOK – Norwegian krone | |
| CHF – Swiss franc | NZD – New Zealand dollar | |
| CLP – Chilean peso | QAR – Qatar riyal | |
| EUR – Euro | SEK – Swedish krona | |
| GBP – British pound | SGD – Singapore dollar | |
| JPY – Japanese yen | USD – U.S. dollar | |
| KRW – South Korean won | ZAR – South African rand | |
| MYR – Malaysian ringgit |
Security Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Fund’s 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 collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. 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. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receives a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.
The securities lending income earned by the Funds is disclosed on the Statements of Operations.
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments in which a Fund may invest include short-term obligations issued by the U.S. Government, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods
| 142 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
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. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. 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 Federal income tax regulations which may differ from GAAP. 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, which exceed earnings and profit for tax purposes, are reported as a tax return of capital.
3. ADVISER FEES AND TRANSACTIONS
As investment adviser, WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM also arranges for sub-advisory, transfer agency, custody, fund administration, and all other non-distribution related services necessary for the Funds to operate. Under the Investment Advisory Agreement for each Fund, WTAM agrees to pay all expenses of the Funds (other than the Middle East Dividend Fund), except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s CCO, interest expenses and taxes, brokerage expenses, and other expenses connected with the execution of portfolio transactions, any distribution fees or expenses, legal fees or expenses and extraordinary expenses. The Investment Advisory Agreement for the Middle East Dividend Fund does not require WTAM to pay any Fund expenses, sub-advisory fees.
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 in exchange for a fee of up to 0.0044%. As of October 1, 2009, WTAM provides CCO services to the Trust. WTAM has agreed to limit net annual operating expenses for the Middle East Dividend Fund to 0.88%. The fees paid to WTAM for providing advisory services are listed below.
| Fund | Fee Rate | |||
| DEFA Fund |
0.48 | % | ||
| DEFA Equity Income Fund |
0.58 | % | ||
| Global Equity Income Fund |
0.58 | % | ||
| Europe SmallCap Dividend Fund |
0.58 | % | ||
| Japan Total Dividend Fund |
0.48 | % | ||
| World ex-U.S. Growth Fund |
0.58 | % | ||
| Japan SmallCap Dividend Fund |
0.58 | % | ||
| Pacific ex-Japan Total Dividend Fund |
0.48 | % | ||
| Pacific ex-Japan Equity Income Fund |
0.58 | % | ||
| International LargeCap Dividend Fund |
0.48 | % | ||
| International Dividend ex-Financials Fund |
0.58 | % | ||
| International MidCap Dividend Fund |
0.58 | % | ||
| International SmallCap Dividend Fund |
0.58 | % | ||
| Emerging Markets Equity Income Fund |
0.63 | % | ||
| Emerging Markets SmallCap Dividend Fund |
0.63 | % | ||
| Middle East Dividend Fund |
0.68 | % | ||
| International Hedged Equity Fund |
0.48 | % | ||
| International Basic Materials Sector Fund |
0.58 | % | ||
| International Energy Sector Fund |
0.58 | % | ||
| International Utilities Sector Fund |
0.58 | % | ||
| International Real Estate Fund |
0.58 | % | ||
| WisdomTree International Dividend and Sector Funds | 143 |
Table of Contents
Notes to Financial Statements (continued)
Each Fund may purchase shares of an affiliated ETF in secondary market transactions. For the fiscal year ended March 31, 2010, there were transactions in affiliated ETFs. For the period June 19, 2009 (December 31, 2009 for Hedged Equity) through January 28, 2010, the WisdomTree DEFA, Global Equity Income and International Hedged Equity Funds each operated as a fund of fund. During this period, WTAM waived an amount of advisory fees based on each Fund’s allocation to its Underlying Funds. Beginning August 20, 2009, the Emerging Markets SmallCap Dividend Fund and World ex-U.S. Growth Fund held shares of the India Earnings Fund and each Fund waived an amount based on the allocation to its Underlying Funds through March 31, 2010. The table below indicates the waiver amounts. Please see Note 7 for further information on Other Affiliated Parties and Transactions.
WTAM waived a portion of its investment advisory fees with respect to its investments in affiliated funds for the year ended March 31, 2010 as follows:
| Fund | Advisory Fees Waived |
|||
| DEFA Fund |
$ | 1,178,246 | ||
| Global Equity Income Fund |
107,067 | |||
| World ex-U.S. Growth Fund |
709 | |||
| Emerging Markets SmallCap Dividend Fund |
7,705 | |||
| International Hedged Equity Fund |
1,799 | |||
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2010, there was 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 consist of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying index and an amount of cash. The Middle East Dividend Fund issues and redeems shares on a cash basis only. 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 in-kind purchases and redemptions and short-term investments) for the fiscal year ended March 31, 2010 were as follows:
| Fund | Purchases | Sales | ||||||
| DEFA Fund |
$ | 792,887,574 | $ | 377,849,395 | ||||
| DEFA Equity Income Fund |
50,573,320 | 49,821,843 | ||||||
| Global Equity Income Fund |
70,411,868 | 30,810,806 | ||||||
| Europe SmallCap Dividend Fund |
13,378,170 | 13,711,677 | ||||||
| Japan Total Dividend Fund |
7,694,187 | 8,531,149 | ||||||
| World ex-U.S. Growth Fund |
25,601,864 | 26,272,073 | ||||||
| Japan SmallCap Dividend Fund |
42,583,440 | 42,719,654 | ||||||
| Pacific ex-Japan Total Dividend Fund |
18,337,914 | 18,031,079 | ||||||
| Pacific ex-Japan Equity Income Fund |
20,348,961 | 20,604,189 | ||||||
| International LargeCap Dividend Fund |
29,799,389 | 30,093,257 | ||||||
| International Dividend ex-Financials Fund |
96,505,483 | 97,592,396 | ||||||
| International MidCap Dividends Fund |
58,929,301 | 58,778,940 | ||||||
| International SmallCap Dividend Fund |
228,148,408 | 230,010,183 | ||||||
| Emerging Markets Equity Income Fund |
282,053,505 | 155,842,221 | ||||||
| Emerging Markets SmallCap Dividend Fund |
193,158,886 | 72,864,634 | ||||||
| Middle East Dividend Fund |
11,592,682 | 9,339,439 | ||||||
| International Hedged Equity Fund |
4,742,667 | 4,563,906 | ||||||
| International Basic Materials Sector Fund |
10,344,349 | 9,918,272 | ||||||
| International Energy Sector Fund |
5,787,877 | 5,805,503 | ||||||
| International Utilities Sector Fund |
6,247,587 | 6,134,856 | ||||||
| International Real Estate Fund |
13,458,014 | 18,331,088 | ||||||
| 144 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
For the fiscal year ended March 31, 2010, the cost of in-kind purchases and the proceeds from in-kind redemptions were as follows:
| Fund | Purchases | Redemptions | ||||||
| DEFA Fund |
$ | 32,710,600 | $ | 439,256,702 | ||||
| DEFA Equity Income Fund |
37,333,379 | 26,669,392 | ||||||
| Global Equity Income Fund |
13,576,767 | 38,903,582 | ||||||
| Europe SmallCap Dividend Fund |
11,402,687 | 3,480,510 | ||||||
| Japan Total Dividend Fund |
101,040,644 | 75,289,742 | ||||||
| World ex-U.S. Growth Fund |
4,170,910 | 6,742,035 | ||||||
| Japan SmallCap Dividend Fund |
89,783,968 | 18,989,827 | ||||||
| Pacific ex-Japan Total Dividend Fund |
79,192,745 | 66,806,193 | ||||||
| Pacific ex-Japan Equity Income Fund |
131,423,008 | 64,448,605 | ||||||
| International LargeCap Dividend Fund |
50,983,728 | 11,956,579 | ||||||
| International Dividend ex-Financials Fund |
31,377,933 | 20,536,471 | ||||||
| International MidCap Dividend Fund |
24,187,379 | 11,109,477 | ||||||
| International SmallCap Dividend Fund |
53,286,552 | 22,629,902 | ||||||
| Emerging Markets Equity Income Fund |
98,350,509 | 7,924,534 | ||||||
| Emerging Markets SmallCap Dividend Fund |
104,501,075 | 10,086,013 | ||||||
| Middle East Dividend Fund |
— | — | ||||||
| International Hedged Equity Fund |
9,158,510 | — | ||||||
| International Basic Materials Sector Fund |
10,876,562 | 4,241,087 | ||||||
| International Energy Sector Fund |
17,103,089 | 1,158,745 | ||||||
| International Utilities Sector Fund |
23,149,677 | 6,640,344 | ||||||
| International Real Estate Fund |
27,489,594 | 5,870,929 | ||||||
Gains and losses on in-kind redemptions are not recognized at the Fund level for tax purposes.
6. FEDERAL INCOME TAXES
At March 31, 2010, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
| Fund | Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized Depreciation |
Net Unrealized Appreciation (Depreciation) |
||||||||||||
| DEFA Fund |
$ | 426,512,815 | $ | 17,257,495 | $ | (9,045,791 | ) | $ | 8,211,704 | |||||||
| DEFA Equity Income Fund |
162,525,696 | 9,264,510 | (21,108,499 | ) | (11,843,989 | ) | ||||||||||
| Global Equity Income Fund |
41,236,407 | 2,445,491 | (788,783 | ) | 1,656,708 | |||||||||||
| Europe SmallCap Dividend Fund |
33,810,345 | 2,329,228 | (4,056,121 | ) | (1,726,893 | ) | ||||||||||
| Japan Total Dividend Fund |
64,356,243 | 1,322,695 | (5,233,399 | ) | (3,910,704 | ) | ||||||||||
| World ex-U.S. Growth Fund |
21,142,222 | 4,278,644 | (235,795 | ) | 4,042,849 | |||||||||||
| Japan SmallCap Dividend Fund |
177,578,703 | 5,835,805 | (10,618,316 | ) | (4,782,511 | ) | ||||||||||
| Pacific ex-Japan Total Dividend Fund |
90,337,473 | 8,335,527 | (6,841,946 | ) | 1,493,581 | |||||||||||
| Pacific ex-Japan Equity Income Fund |
126,761,931 | 10,130,655 | (4,496,146 | ) | 5,634,509 | |||||||||||
| International LargeCap Dividend Fund |
165,724,485 | 7,395,681 | (17,388,612 | ) | (9,992,931 | ) | ||||||||||
| International Dividend ex-Financials Fund |
158,639,330 | 20,106,705 | (11,729,462 | ) | 8,377,243 | |||||||||||
| International MidCap Dividend Fund |
170,675,414 | 10,459,048 | (21,213,310 | ) | (10,754,262 | ) | ||||||||||
| International SmallCap Dividend Fund |
481,398,471 | 54,252,810 | (43,964,737 | ) | 10,288,073 | |||||||||||
| Emerging Markets Equity Income Fund |
468,719,318 | 85,910,006 | (10,878,840 | ) | 75,031,166 | |||||||||||
| Emerging Markets SmallCap Dividend Fund |
305,080,175 | 51,795,974 | (4,798,509 | ) | 46,997,465 | |||||||||||
| Middle East Dividend Fund |
12,931,382 | 802,665 | (1,392,359 | ) | (589,694 | ) | ||||||||||
| International Hedged Equity Fund |
9,207,294 | 385,359 | 78,335 | 307,024 | ||||||||||||
| International Basic Materials Sector Fund |
53,232,595 | 4,783,717 | (6,241,253 | ) | (1,457,536 | ) | ||||||||||
| International Energy Sector Fund |
53,146,414 | 2,052,614 | (9,550,859 | ) | (7,498,245 | ) | ||||||||||
| International Utilities Sector Fund |
65,983,892 | 416,815 | (14,490,388 | ) | (14,073,573 | ) | ||||||||||
| International Real Estate Fund |
109,575,606 | 1,227,991 | (22,055,798 | ) | (20,827,807 | ) | ||||||||||
| WisdomTree International Dividend and Sector Funds | 145 |
Table of Contents
Notes to Financial Statements (continued)
At March 31, 2010, the components of accumulated earnings/loss on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income and Other Ordinary Losses |
Undistributed Capital and Other Gains/(Losses) |
Net Unrealized Appreciation (Depreciation) |
Currency Unrealized Appreciation (Depreciation) |
Total Accumulated Earnings/(Losses) |
|||||||||||||||
| DEFA Fund |
$ | 1,140,030 | $ | (219,881,026 | ) | $ | 8,211,704 | $ | 14,684 | $ | (210,514,608 | ) | ||||||||
| DEFA Equity Income Fund |
260,601 | (67,558,632 | ) | (11,843,989 | ) | 2,057 | (79,139,963 | ) | ||||||||||||
| Global Equity Income Fund |
62,962 | (22,641,799 | ) | 1,656,708 | 1,972 | (20,920,157 | ) | |||||||||||||
| Europe SmallCap Dividend Fund |
99,456 | (23,839,571 | ) | (1,726,893 | ) | (2,497 | ) | (25,469,505 | ) | |||||||||||
| Japan Total Dividend Fund |
434,459 | (4,057,102 | ) | (3,910,704 | ) | (7,229 | ) | (7,540,576 | ) | |||||||||||
| World ex-U.S. Growth Fund |
35,469 | (13,265,235 | ) | 4,042,849 | 4,395 | (9,182,522 | ) | |||||||||||||
| Japan SmallCap Dividend Fund |
1,345,649 | (16,860,932 | ) | (4,782,511 | ) | (15,402 | ) | (20,313,196 | ) | |||||||||||
| Pacific ex-Japan Total Dividend Fund |
50,779 | (14,061,534 | ) | 1,493,581 | 4,975 | (12,512,199 | ) | |||||||||||||
| Pacific ex-Japan Equity Income Fund |
118,893 | (12,970,621 | ) | 5,634,509 | 12,590 | (7,204,629 | ) | |||||||||||||
| International LargeCap Dividend Fund |
318,560 | (33,634,723 | ) | (9,992,931 | ) | 4,939 | (43,304,155 | ) | ||||||||||||
| International Dividend ex-Financials Fund |
271,354 | (148,441,407 | ) | 8,377,243 | 11,550 | (139,781,260 | ) | |||||||||||||
| International MidCap Dividend Fund |
617,417 | (62,652,514 | ) | (10,754,262 | ) | (2,115 | ) | (72,791,474 | ) | |||||||||||
| International SmallCap Dividend Fund |
2,520,285 | (212,839,404 | ) | 10,288,073 | (17,195 | ) | (200,048,241 | ) | ||||||||||||
| Emerging Markets Equity Income Fund |
1,676,228 | (35,558,533 | ) | 75,031,166 | 99,234 | 41,248,095 | ||||||||||||||
| Emerging Markets SmallCap Dividend Fund |
1,663,123 | (13,626,970 | ) | 46,997,465 | 29,148 | 35,062,766 | ||||||||||||||
| Middle East Dividend Fund |
107,910 | (6,581,135 | ) | (589,694 | ) | 16,641 | (7,046,278 | ) | ||||||||||||
| International Hedged Equity Fund |
172,890 | (208,267 | ) | 307,024 | 118 | 271,765 | ||||||||||||||
| International Basic Materials Sector Fund |
117,334 | (13,866,539 | ) | (1,457,536 | ) | (1,110 | ) | (15,207,851 | ) | |||||||||||
| International Energy Sector Fund |
14,755 | (6,942,991 | ) | (7,498,245 | ) | (264 | ) | (14,426,745 | ) | |||||||||||
| International Utilities Sector Fund |
152,662 | (7,530,173 | ) | (14,073,573 | ) | (76 | ) | (21,451,160 | ) | |||||||||||
| International Real Estate Fund |
624,600 | (37,110,044 | ) | (20,827,807 | ) | (6,877 | ) | (57,320,128 | ) | |||||||||||
The tax character of distributions paid during the fiscal year ended March 31, 2010 and March 31, 2009, was as follows:
| Year Ended March 31, 2010 | Year Ended March 31, 2009 | |||||||||||
| Fund | Distributions Paid from Ordinary Income* |
Distributions Paid from Ordinary Income* |
Return of Capital |
|||||||||
| DEFA Fund |
$ | 19,292,972 | $ | 16,276,475 | $ | — | ||||||
| DEFA Equity Income Fund |
5,586,535 | 9,694,798 | — | |||||||||
| Global Equity Income Fund |
1,835,881 | 1,903,608 | — | |||||||||
| Europe SmallCap Dividend Fund |
776,003 | 1,802,430 | — | |||||||||
| Japan Total Dividend Fund |
934,315 | 559,727 | — | |||||||||
| World ex-U.S. Growth Fund |
859,811 | 623,658 | — | |||||||||
| Japan SmallCap Dividend Fund |
1,520,747 | 1,401,224 | — | |||||||||
| Pacific ex-Japan Total Dividend Fund |
3,574,407 | 5,131,577 | — | |||||||||
| Pacific ex-Japan Equity Income Fund |
3,645,372 | 3,396,394 | — | |||||||||
| International LargeCap Dividend Fund |
4,322,343 | 5,333,253 | — | |||||||||
| International Dividend ex-Financials Fund |
5,343,066 | 16,564,667 | — | |||||||||
| International MidCap Dividend Fund |
3,633,344 | 6,683,004 | — | |||||||||
| International SmallCap Dividend Fund |
10,659,948 | 17,493,804 | — | |||||||||
| Emerging Markets Equity Income Fund |
11,953,872 | 9,437,988 | — | |||||||||
| Emerging Markets SmallCap Dividend Fund |
5,378,463 | 2,648,831 | — | |||||||||
| Middle East Dividend Fund |
431,581 | — | — | |||||||||
| International Hedged Equity Fund |
25,814 | N/A | N/A | |||||||||
| International Basic Materials Sector Fund |
670,355 | 2,037,349 | 16,011 | |||||||||
| International Energy Sector Fund |
1,249,410 | 1,852,260 | — | |||||||||
| International Utilities Sector Fund |
1,445,458 | 2,592,420 | — | |||||||||
| International Real Estate Fund |
7,422,149 | 2,071,270 | — | |||||||||
| * | Includes short-term capital gains. |
| 146 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
At March 31, 2010, for Federal income tax purposes, the Funds have capital loss carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
| Fund | Capital Loss Available Through 2015 |
Capital Loss Available Through 2016 |
Capital Loss Available Through 2017 |
Capital Loss Available Through 2018 |
Capital Loss Available Total |
|||||||||||||||
| DEFA Fund |
$ | — | $ | 1,113,913 | $ | 31,593,366 | $ | 187,019,410 | $ | 219,726,689 | ||||||||||
| DEFA Equity Income Fund |
3,223 | 1,088,572 | 24,469,991 | 41,582,445 | 67,144,231 | |||||||||||||||
| Global Equity Income Fund |
— | 251,233 | 6,927,464 | 15,414,669 | 22,593,366 | |||||||||||||||
| Europe SmallCap Dividend Fund |
— | 1,116,689 | 6,092,078 | 16,382,086 | 23,590,853 | |||||||||||||||
| Japan Total Dividend Fund |
61,971 | 147,026 | 456,605 | 3,305,242 | 3,970,844 | |||||||||||||||
| World ex-U.S. Growth Fund |
60,955 | 723,789 | 3,657,374 | 8,823,117 | 13,265,235 | |||||||||||||||
| Japan SmallCap Dividend Fund |
6,631 | 450,744 | 2,793,131 | 13,069,045 | 16,319,551 | |||||||||||||||
| Pacific ex-Japan Total Dividend Fund |
2,486 | 434,717 | 1,942,155 | 11,545,171 | 13,924,529 | |||||||||||||||
| Pacific ex-Japan Equity Income Fund |
— | 292,646 | 2,237,436 | 10,381,107 | 12,911,189 | |||||||||||||||
| International LargeCap Dividend Fund |
12,856 | 911,666 | 10,714,056 | 21,950,675 | 33,589,253 | |||||||||||||||
| International Dividend ex-Financials Fund |
— | 1,247,174 | 40,771,676 | 106,422,557 | 148,441,407 | |||||||||||||||
| International MidCap Dividend Fund |
— | 2,200,353 | 10,045,031 | 49,400,362 | 61,645,746 | |||||||||||||||
| International SmallCap Dividend Fund |
— | 2,417,649 | 31,684,635 | 176,124,517 | 210,226,801 | |||||||||||||||
| Emerging Markets Equity Income Fund |
— | 166,963 | 3,240,763 | 32,150,807 | 35,558,533 | |||||||||||||||
| Emerging Markets SmallCap Dividend Fund |
— | — | 4,224,150 | 9,367,814 | 13,591,964 | |||||||||||||||
| Middle East Dividend Fund |
— | — | 41,648 | 6,522,827 | 6,564,475 | |||||||||||||||
| International Hedged Equity Fund |
— | — | — | 208,267 | 208,267 | |||||||||||||||
| International Basic Materials Sector Fund |
— | 606,109 | 911,737 | 12,348,688 | 13,866,534 | |||||||||||||||
| International Energy Sector Fund |
— | 45,822 | 1,245,793 | 4,858,681 | 6,150,296 | |||||||||||||||
| International Utilities Sector Fund |
— | 13,301 | 1,722,994 | 5,793,876 | 7,530,171 | |||||||||||||||
| International Real Estate Fund |
261,244 | 12,351,482 | 23,011,711 | 35,624,437 | ||||||||||||||||
Capital losses, currency losses and passive foreign investment company (“PFIC”) losses incurred after October 31 (“post-October losses”) 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, 2010, the following Funds incurred and will elect to defer net post-October losses as follows:
| Fund |
Post-October PFIC Losses |
Post-October Currency Losses |
Post-October Capital Losses |
|||||||||
| DEFA Fund |
$ | — | $ | 11,108 | $ | 154,337 | ||||||
| DEFA Equity Income Fund |
5,676 | 29,138 | 414,401 | |||||||||
| Global Equity Income Fund |
— | — | 48,433 | |||||||||
| Europe SmallCap Dividend Fund |
2,235 | 5,889 | 248,718 | |||||||||
| Japan Total Dividend Fund |
— | — | 86,258 | |||||||||
| World ex-U.S. Growth Fund |
— | 7,320 | — | |||||||||
| Japan SmallCap Dividend Fund |
— | — | 541,381 | |||||||||
| Pacific ex-Japan Total Dividend Fund |
26,361 | 33,037 | 137,005 | |||||||||
| Pacific ex-Japan Equity Income Fund |
311,654 | 20,451 | 59,432 | |||||||||
| International LargeCap Dividend Fund |
— | 30,373 | 45,470 | |||||||||
| International Dividend ex-Financials Fund |
— | 31,185 | — | |||||||||
| International MidCap Dividend Fund |
— | 12,551 | 1,006,768 | |||||||||
| International SmallCap Dividend Fund |
— | 107,849 | 2,612,603 | |||||||||
| Emerging Markets Equity Income Fund |
— | 62,575 | — | |||||||||
| Emerging Markets SmallCap Dividend Fund |
— | 108,731 | 35,006 | |||||||||
| Middle East Dividend Fund |
— | 23,566 | 16,660 | |||||||||
| International Hedged Equity Fund |
— | — | — | |||||||||
| International Basic Materials Sector Fund |
— | 1,634 | 5 | |||||||||
| International Energy Sector Fund |
705 | 11,851 | 792,695 | |||||||||
| International Utilities Sector Fund |
— | 6,430 | 2 | |||||||||
| International Real Estate Fund |
— | 3,127 | 1,485,607 | |||||||||
| WisdomTree International Dividend and Sector Funds | 147 |
Table of Contents
Notes to Financial Statements (continued)
At March 31, 2010, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:
| Fund | Undistributed Net Investment Income/(Loss) |
Accumulated Net Realized Gain/ (Loss) |
Paid-in Capital | |||||||||
| DEFA Fund |
$ | 565,225 | $ | (53,758,549 | ) | $ | 53,193,324 | |||||
| DEFA Equity Income Fund |
199,147 | (2,063,282 | ) | 1,864,135 | ||||||||
| Global Equity Income Fund |
53,582 | (4,092,486 | ) | 4,038,904 | ||||||||
| Europe SmallCap Dividend Fund |
51,399 | (847,881 | ) | 796,482 | ||||||||
| Japan Total Dividend Fund |
74,260 | (2,884,081 | ) | 2,809,821 | ||||||||
| World ex-U.S. Growth Fund |
111,386 | (149,597 | ) | 38,211 | ||||||||
| Japan SmallCap Dividend Fund |
72,160 | (749,184 | ) | 677,024 | ||||||||
| Pacific ex-Japan Total Dividend Fund |
115,944 | (8,360,954 | ) | 8,245,010 | ||||||||
| Pacific ex-Japan Equity Income Fund |
73,620 | (3,517,663 | ) | 3,444,043 | ||||||||
| International LargeCap Dividend Fund |
30,494 | (1,803,882 | ) | 1,773,388 | ||||||||
| International Dividend ex-Financials Fund |
78,060 | 1,549,236 | (1,627,296 | ) | ||||||||
| International MidCap Dividend Fund |
317,140 | 3,213,605 | (3,530,745 | ) | ||||||||
| International SmallCap Dividend Fund |
564,299 | (5,495,347 | ) | 4,931,048 | ||||||||
| Emerging Markets Equity Income Fund |
1,209,138 | (2,015,245 | ) | 806,107 | ||||||||
| Emerging Markets SmallCap Dividend Fund |
1,591,501 | (3,345,486 | ) | 1,753,985 | ||||||||
| Middle East Dividend Fund |
(42,829 | ) | 42,829 | — | ||||||||
| International Hedged Equity Fund |
152,569 | (152,569 | ) | — | ||||||||
| International Basic Materials Sector Fund |
20,204 | (1,356,490 | ) | 1,336,286 | ||||||||
| International Energy Sector Fund |
13,835 | (174,705 | ) | 160,870 | ||||||||
| International Utilities Sector Fund |
9,129 | 3,688,278 | (3,697,407 | ) | ||||||||
| International Real Estate Fund |
181,600 | 4,846,638 | (5,028,238 | ) | ||||||||
The differences are primarily due to redemptions-in-kind, currency gain/loss and Passive Foreign Investment Companies (“PFICs”).
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, 2010, the Funds did not have any liabilities for unrecognized tax benefits. 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 U.S. Internal Revenue Service, New York, and various states. Generally, each of the tax years in the four year period ended March 31, 2010, remains subject to examination by taxing authorities.
7. OTHER AFFILIATED PARTIES AND TRANSACTIONS
Affiliated holdings are funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the fiscal year ended March 31, 2010 are as follows:
| Affiliated Fund Name | Value at 3/31/2009 |
Purchases/ Additions |
Sales/ Reductions |
Value at 3/31/2010 |
Dividend Income |
|||||||||||||||
| DEFA Fund* |
||||||||||||||||||||
| Europe Total Dividend Fund |
$ | — | $ | 265,303,510 | $ | 301,435,629 | $ | — | $ | 7,147,274 | ||||||||||
| Japan Total Dividend Fund |
— | 49,765,939 | 53,116,395 | — | 628,803 | |||||||||||||||
| Pacific ex-Japan Total Dividend Fund |
— | 56,357,438 | 68,479,712 | — | 1,498,620 | |||||||||||||||
| Total |
$ | — | $ | 371,426,887 | $ | 423,031,736 | $ | — | $ | 9,274,697 | ||||||||||
| Global Equity Income Fund* |
||||||||||||||||||||
| DEFA Equity Income Fund |
$ | — | $ | 21,736,553 | $ | 23,718,037 | $ | — | $ | 551,489 | ||||||||||
| Emerging Markets Equity Income Fund |
— | 4,588,735 | 5,358,536 | — | 114,399 | |||||||||||||||
| Equity Income Fund |
— | 9,570,281 | 10,861,568 | — | 205,765 | |||||||||||||||
| Total |
$ | — | $ | 35,895,569 | $ | 39,938,141 | $ | — | $ | 871,653 | ||||||||||
| 148 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
| Affiliated Fund Name | Value at 3/31/2009 |
Purchases/ Additions |
Sales/ Reductions |
Value at 3/31/2010 |
Dividend Income |
|||||||||||||||
| World ex-U.S. Growth Fund |
||||||||||||||||||||
| India Earnings Fund |
$ | — | $ | 328,051 | $ | — | $ | 358,979 | $ | 56 | ||||||||||
| Emerging Markets SmallCap Dividend Fund |
||||||||||||||||||||
| India Earnings Fund |
$ | — | $ | 2,293,122 | $ | — | $ | 2,728,210 | $ | 3,771 | ||||||||||
| International Hedged Equity Fund** |
||||||||||||||||||||
| Europe Total Dividend Fund |
$ | — | $ | 3,410,817 | $ | 3,225,892 | $ | — | $ | — | ||||||||||
| Japan Total Dividend Fund |
— | 557,296 | 566,799 | — | — | |||||||||||||||
| Pacific ex-Japan Total Dividend Fund |
— | 741,350 | 709,637 | — | — | |||||||||||||||
| Total |
$ | — | $ | 4,709,463 | $ | 4,502,328 | $ | — | $ | — | ||||||||||
| * | Operated as a Fund of Fund from June 19, 2009 through January 28, 2010. |
| ** | Operated as a Fund of Fund from commencement of investment operation (December 31, 2009) through January 28, 2010. |
As of March 31, 2010, the sub-adviser owed to the Middle East Dividend Fund $26,683 in connection with the sub-adviser’s treatment of a rights offering.
8. SUBSEQUENT EVENT
Effective April 1, 2010, the WisdomTree Japan Total Dividend Fund (Ticker Symbol: DXJ) was renamed the WisdomTree Japan Hedged Equity Fund. The Fund continues to be a Japan “total market” Fund, but will now also seek to hedge against fluctuations between the value of the Japanese yen and the U.S. dollar.
In accordance with GAAP provisions, management of the Funds has evaluated the possibility of subsequent events existing in the Funds’ financial statements through the date the financial statements were issued. Management has determined that there are no material events that would require disclosure in the Funds’ financial statements.
| WisdomTree International Dividend and Sector Funds | 149 |
Table of Contents
Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree DEFA Fund, WisdomTree DEFA Equity Income Fund, WisdomTree Global Equity Income Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Japan Total Dividend Fund, WisdomTree World ex-US Growth Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Pacific ex-Japan Total Dividend Fund, WisdomTree Pacific ex-Japan Equity Income Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Middle East Dividend Fund, WisdomTree International Hedged Equity Fund, WisdomTree International Basic Materials Sector Fund, WisdomTree International Energy Sector Fund, WisdomTree International Utilities Sector Fund and WisdomTree International Real Estate Fund (twenty-one of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2010, and the related statements of operations, the statements of changes in net assets and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, 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. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2010, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree DEFA Fund, WisdomTree DEFA Equity Income Fund, WisdomTree Global Equity Income Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Japan Total Dividend Fund, WisdomTree World ex-US Growth Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Pacific ex-Japan Total Dividend Fund, WisdomTree Pacific ex-Japan Equity Income Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International MidCap Dividend Fund and WisdomTree International SmallCap Dividend Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, and WisdomTree Middle East Dividend Fund, WisdomTree International Hedged Equity Fund, WisdomTree International Basic Materials Sector Fund, WisdomTree International Energy Sector Fund, WisdomTree International Utilities Sector Fund and WisdomTree International Real Estate Fund of WisdomTree Trust at March 31, 2010, the results of their operations, the changes in their net assets and the financial highlights for each of the indicated periods, in conformity with U.S. generally accepted accounting principles.
New York, New York
May 26, 2010
| 150 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)
Approval of Investment Advisory Agreement. The Trust and the Investment Adviser have entered into an investment advisory agreement covering each Fund discussed herein. At a meeting held on March 19, 2010, the Board of Trustees re-approved the Investment Advisory Agreement for each Fund. The Board reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality and extent of the services to be provided to the Funds by WTAM; (ii) the performance of the Funds; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationship with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; (v) whether the fee levels reflect these economies of scale for the benefit of investors; and (vi) the fees charged by the Investment Adviser for non-registered funds.
The Board also considered the nature and quality of the services to be provided by WTAM to the Funds, recognizing WTAM’s operational capabilities and resources. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Advisers and oversight of the Sub-Advisers’ compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.
The Board gave substantial consideration to the fees payable under the Advisory Agreement. In this connection, the Board evaluated WTAM’s anticipated costs and profitability in serving as investment adviser to the Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Adviser. The Board also examined the fees to be paid by each Fund in light of fees paid to other investment managers by comparable funds and the method of computing each Fund’s fee. After comparing the fees with those of comparable funds and in light of the quality and extent of services to be provided and the costs anticipated to be incurred by WTAM, the Board concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable. The Board also re-approved the Sub-Advisory Agreement between WTAM and Mellon Capital Management (“MCM”), on behalf of each Fund, using essentially the same criteria it used in connection with the Advisory Agreement. The Board considered MCM’s operational capabilities and resources and MCM’s experience in serving as an adviser to ETFs, noting that MCM currently provides investment advisory and management services to other ETFs. The Board considered the investment performance of the Funds, and the expertise and performance of the MCM personnel. The Board also noted that Bank of New York Mellon Corporation, an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian, transfer agent and securities lending agent and receives compensation for acting in these capacities and is responsible for, among other things, coordinating the Funds’ audits, financial statements and tax returns, managing expenses and budgeting for the Funds, processing trades on behalf of each Fund and custodying Fund assets. As such, the Board concluded that the benefits accruing to MCM and its affiliates by virtue of their relationship to the Trust are reasonable and fair in comparison with the anticipated costs of providing the relevant services. The Board noted that WTAM, not the Funds, pays the fees to MCM under the Sub-Advisory Agreement for each Fund.
Based on these considerations and the overall high quality of the personnel, operations, financial condition, investment advisory capabilities, methodologies, and performance of WTAM and MCM, the Board determined that the re-approval of the Advisory Agreements and the Sub-Advisory Agreements was in the best interests of each Fund. After full consideration of these and other factors, the Board, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Advisory Agreements and Sub-Advisory Agreements.
| WisdomTree International Dividend and Sector Funds | 151 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net asset value (“NAV”) of each Fund and the market trading price of shares of each Fund. For these purposes, the “market price” is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. The term “premium” is sometimes used to describe a market price in excess of NAV and the term “discount” is sometimes used to describe a market price below NAV. The chart presents information about the size and frequency of premiums or discounts. As with other exchange traded funds, the market price of Fund shares is typically slightly higher or lower than the Fund’s per share NAV. Factors that contribute to the differences between market price and NAV include the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may contribute to differences between the NAV and market price of Fund shares. Many non-U.S. markets close prior to the close of the U.S. securities exchanges. Developments after the close of such markets as a result of ongoing price discovery may be reflected in a Fund’s market price but not in its NAV (or vice versa).
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree DEFA Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 129 | 12.70 | % | 67 | 6.60 | % | |||||||||||||
| 25 – 49.9 | 186 | 18.33 | % | 57 | 5.62 | % | ||||||||||||||
| 50 – 74.9 | 170 | 16.75 | % | 41 | 4.04 | % | ||||||||||||||
| 75 – 99.9 | 94 | 9.26 | % | 30 | 2.96 | % | ||||||||||||||
| 100 – 124.9 | 52 | 5.12 | % | 24 | 2.36 | % | ||||||||||||||
| 125 – 174.9 | 56 | 5.52 | % | 32 | 3.15 | % | ||||||||||||||
| 175 – 199.9 | 10 | 0.99 | % | 8 | 0.79 | % | ||||||||||||||
| 200 – 249.9 | 15 | 1.48 | % | 9 | 0.89 | % | ||||||||||||||
| >250 | 18 | 1.77 | % | 17 | 1.67 | % | ||||||||||||||
| Total | 730 | 71.92 | % | 285 | 28.08 | % | ||||||||||||||
| WisdomTree DEFA Equity Income Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 125 | 12.32 | % | 107 | 10.55 | % | |||||||||||||
| 25 – 49.9 | 144 | 14.19 | % | 92 | 9.06 | % | ||||||||||||||
| 50 – 74.9 | 138 | 13.60 | % | 48 | 4.73 | % | ||||||||||||||
| 75 – 99.9 | 89 | 8.77 | % | 39 | 3.84 | % | ||||||||||||||
| 100 – 124.9 | 41 | 4.04 | % | 32 | 3.15 | % | ||||||||||||||
| 125 – 174.9 | 38 | 3.74 | % | 36 | 3.55 | % | ||||||||||||||
| 175 – 199.9 | 12 | 1.18 | % | 11 | 1.08 | % | ||||||||||||||
| 200 – 249.9 | 13 | 1.28 | % | 17 | 1.67 | % | ||||||||||||||
| >250 | 19 | 1.87 | % | 14 | 1.38 | % | ||||||||||||||
| Total | 619 | 60.99 | % | 396 | 39.01 | % | ||||||||||||||
| WisdomTree Global Equity Income Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 157 | 15.48 | % | 100 | 9.85 | % | |||||||||||||
| 25 – 49.9 | 173 | 17.04 | % | 52 | 5.12 | % | ||||||||||||||
| 50 – 74.9 | 140 | 13.79 | % | 43 | 4.24 | % | ||||||||||||||
| 75 – 99.9 | 101 | 9.95 | % | 36 | 3.55 | % | ||||||||||||||
| 100 – 124.9 | 58 | 5.71 | % | 20 | 1.97 | % | ||||||||||||||
| 125 – 174.9 | 47 | 4.63 | % | 22 | 2.17 | % | ||||||||||||||
| 175 – 199.9 | 8 | 0.79 | % | 5 | 0.49 | % | ||||||||||||||
| 200 – 249.9 | 12 | 1.18 | % | 7 | 0.69 | % | ||||||||||||||
| >250 | 18 | 1.77 | % | 16 | 1.58 | % | ||||||||||||||
| Total | 714 | 70.34 | % | 301 | 29.66 | % | ||||||||||||||
| WisdomTree Europe SmallCap Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 129 | 12.72 | % | 105 | 10.35 | % | |||||||||||||
| 25 – 49.9 | 112 | 11.03 | % | 106 | 10.44 | % | ||||||||||||||
| 50 – 74.9 | 101 | 9.95 | % | 68 | 6.70 | % | ||||||||||||||
| 75 – 99.9 | 55 | 5.42 | % | 63 | 6.21 | % | ||||||||||||||
| 100 – 124.9 | 29 | 2.86 | % | 59 | 5.81 | % | ||||||||||||||
| 125 – 174.9 | 32 | 3.15 | % | 67 | 6.60 | % | ||||||||||||||
| 175 – 199.9 | 7 | 0.69 | % | 19 | 1.87 | % | ||||||||||||||
| 200 – 249.9 | 12 | 1.18 | % | 12 | 1.18 | % | ||||||||||||||
| >250 | 13 | 1.28 | % | 26 | 2.56 | % | ||||||||||||||
| Total | 490 | 48.28 | % | 525 | 51.72 | % | ||||||||||||||
| 152 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (continued)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree Japan Total Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 99 | 9.76 | % | 86 | 8.48 | % | |||||||||||||
| 25 –49.9 | 101 | 9.95 | % | 68 | 6.70 | % | ||||||||||||||
| 50 –74.9 | 100 | 9.85 | % | 53 | 5.22 | % | ||||||||||||||
| 75 –99.9 | 85 | 8.37 | % | 44 | 4.33 | % | ||||||||||||||
| 100 –124.9 | 51 | 5.02 | % | 34 | 3.35 | % | ||||||||||||||
| 125 –174.9 | 60 | 5.91 | % | 69 | 6.80 | % | ||||||||||||||
| 175 –199.9 | 23 | 2.27 | % | 13 | 1.28 | % | ||||||||||||||
| 200 –249.9 | 22 | 2.17 | % | 19 | 1.87 | % | ||||||||||||||
| >250 | 33 | 3.25 | % | 55 | 5.42 | % | ||||||||||||||
| Total | 574 | 56.55 | % | 441 | 43.45 | % | ||||||||||||||
| WisdomTree World ex–U.S. Growth Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 102 | 10.05 | % | 98 | 9.65 | % | |||||||||||||
| 25 – 49.9 | 107 | 10.54 | % | 66 | 6.50 | % | ||||||||||||||
| 50 – 74.9 | 110 | 10.84 | % | 56 | 5.52 | % | ||||||||||||||
| 75 – 99.9 | 82 | 8.08 | % | 50 | 4.93 | % | ||||||||||||||
| 100 – 124.9 | 46 | 4.53 | % | 34 | 3.35 | % | ||||||||||||||
| 125 – 174.9 | 49 | 4.83 | % | 52 | 5.12 | % | ||||||||||||||
| 175 – 199.9 | 12 | 1.18 | % | 20 | 1.97 | % | ||||||||||||||
| 200 – 249.9 | 21 | 2.07 | % | 30 | 2.96 | % | ||||||||||||||
| >250 | 34 | 3.35 | % | 46 | 4.53 | % | ||||||||||||||
| Total | 563 | 55.47 | % | 452 | 44.53 | % | ||||||||||||||
| WisdomTree Japan SmallCap Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 107 | 10.53 | % | 64 | 6.31 | % | |||||||||||||
| 25 – 49.9 | 121 | 11.92 | % | 75 | 7.39 | % | ||||||||||||||
| 50 – 74.9 | 95 | 9.36 | % | 48 | 4.73 | % | ||||||||||||||
| 75 – 99.9 | 80 | 7.88 | % | 52 | 5.12 | % | ||||||||||||||
| 100 – 124.9 | 64 | 6.31 | % | 32 | 3.15 | % | ||||||||||||||
| 125 – 174.9 | 64 | 6.31 | % | 63 | 6.21 | % | ||||||||||||||
| 175 – 199.9 | 16 | 1.58 | % | 11 | 1.08 | % | ||||||||||||||
| 200 – 249.9 | 21 | 2.07 | % | 31 | 3.05 | % | ||||||||||||||
| >250 | 35 | 3.45 | % | 36 | 3.55 | % | ||||||||||||||
| Total | 603 | 59.41 | % | 412 | 40.59 | % | ||||||||||||||
| WisdomTree Pacific ex-Japan Total Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 106 | 10.45 | % | 85 | 8.38 | % | |||||||||||||
| 25 – 49.9 | 135 | 13.31 | % | 72 | 7.09 | % | ||||||||||||||
| 50 – 74.9 | 80 | 7.88 | % | 47 | 4.63 | % | ||||||||||||||
| 75 – 99.9 | 80 | 7.88 | % | 40 | 3.94 | % | ||||||||||||||
| 100 – 124.9 | 51 | 5.02 | % | 34 | 3.35 | % | ||||||||||||||
| 125 – 174.9 | 65 | 6.40 | % | 44 | 4.33 | % | ||||||||||||||
| 175 – 199.9 | 21 | 2.07 | % | 16 | 1.58 | % | ||||||||||||||
| 200 – 249.9 | 24 | 2.36 | % | 32 | 3.15 | % | ||||||||||||||
| >250 | 30 | 2.96 | % | 53 | 5.22 | % | ||||||||||||||
| Total | 592 | 58.33 | % | 423 | 41.67 | % | ||||||||||||||
| WisdomTree Pacific ex–Japan Equity Income Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 111 | 10.94 | % | 81 | 7.98 | % | |||||||||||||
| 25 – 49.9 | 114 | 11.23 | % | 72 | 7.09 | % | ||||||||||||||
| 50 – 74.9 | 91 | 8.97 | % | 46 | 4.53 | % | ||||||||||||||
| 75 – 99.9 | 76 | 7.49 | % | 46 | 4.53 | % | ||||||||||||||
| 100 – 124.9 | 49 | 4.83 | % | 36 | 3.55 | % | ||||||||||||||
| 125 – 174.9 | 60 | 5.91 | % | 53 | 5.22 | % | ||||||||||||||
| 175 – 199.9 | 16 | 1.58 | % | 17 | 1.67 | % | ||||||||||||||
| 200 – 249.9 | 26 | 2.56 | % | 26 | 2.56 | % | ||||||||||||||
| >250 | 28 | 2.76 | % | 67 | 6.60 | % | ||||||||||||||
| Total | 571 | 56.27 | % | 444 | 43.73 | % | ||||||||||||||
| WisdomTree International Dividend and Sector Funds | 153 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (continued)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree International LargeCap Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 141 | 13.88 | % | 90 | 8.87 | % | |||||||||||||
| 25 – 49.9 | 183 | 18.03 | % | 53 | 5.22 | % | ||||||||||||||
| 50 – 74.9 | 130 | 12.81 | % | 43 | 4.24 | % | ||||||||||||||
| 75 – 99.9 | 100 | 9.85 | % | 31 | 3.05 | % | ||||||||||||||
| 100 – 124.9 | 52 | 5.12 | % | 31 | 3.05 | % | ||||||||||||||
| 125 – 174.9 | 55 | 5.42 | % | 28 | 2.76 | % | ||||||||||||||
| 175 – 199.9 | 10 | 0.99 | % | 9 | 0.89 | % | ||||||||||||||
| 200 – 249.9 | 14 | 1.38 | % | 8 | 0.79 | % | ||||||||||||||
| >250 | 23 | 2.27 | % | 14 | 1.38 | % | ||||||||||||||
| Total | 708 | 69.75 | % | 307 | 30.25 | % | ||||||||||||||
| WisdomTree International Dividend ex-Financials Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 127 | 12.50 | % | 94 | 9.26 | % | |||||||||||||
| 25 – 49.9 | 155 | 15.27 | % | 73 | 7.19 | % | ||||||||||||||
| 50 – 74.9 | 152 | 14.98 | % | 48 | 4.73 | % | ||||||||||||||
| 75 – 99.9 | 66 | 6.50 | % | 26 | 2.56 | % | ||||||||||||||
| 100 – 124.9 | 55 | 5.42 | % | 36 | 3.55 | % | ||||||||||||||
| 125 – 174.9 | 45 | 4.43 | % | 46 | 4.53 | % | ||||||||||||||
| 175 – 199.9 | 15 | 1.48 | % | 16 | 1.58 | % | ||||||||||||||
| 200 – 249.9 | 10 | 0.99 | % | 10 | 0.99 | % | ||||||||||||||
| >250 | 15 | 1.48 | % | 26 | 2.56 | % | ||||||||||||||
| Total | 640 | 63.05 | % | 375 | 36.95 | % | ||||||||||||||
| WisdomTree International MidCap Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 129 | 12.70 | % | 111 | 10.93 | % | |||||||||||||
| 25 – 49.9 | 151 | 14.88 | % | 97 | 9.56 | % | ||||||||||||||
| 50 – 74.9 | 145 | 14.29 | % | 39 | 3.84 | % | ||||||||||||||
| 75 – 99.9 | 55 | 5.42 | % | 37 | 3.65 | % | ||||||||||||||
| 100 – 124.9 | 51 | 5.02 | % | 30 | 2.96 | % | ||||||||||||||
| 125 – 174.9 | 40 | 3.94 | % | 47 | 4.63 | % | ||||||||||||||
| 175 – 199.9 | 15 | 1.48 | % | 12 | 1.18 | % | ||||||||||||||
| 200 – 249.9 | 6 | 0.59 | % | 13 | 1.28 | % | ||||||||||||||
| >250 | 16 | 1.58 | % | 21 | 2.07 | % | ||||||||||||||
| Total | 608 | 59.90 | % | 407 | 40.10 | % | ||||||||||||||
| WisdomTree International SmallCap Dividend Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 115 | 11.33 | % | 74 | 7.29 | % | |||||||||||||
| 25 – 49.9 | 147 | 14.48 | % | 68 | 6.71 | % | ||||||||||||||
| 50 – 74.9 | 136 | 13.40 | % | 31 | 3.06 | % | ||||||||||||||
| 75 – 99.9 | 108 | 10.64 | % | 32 | 3.15 | % | ||||||||||||||
| 100 – 124.9 | 77 | 7.59 | % | 27 | 2.66 | % | ||||||||||||||
| 125 – 174.9 | 73 | 7.19 | % | 25 | 2.46 | % | ||||||||||||||
| 175 – 199.9 | 20 | 1.97 | % | 11 | 1.08 | % | ||||||||||||||
| 200 – 249.9 | 14 | 1.38 | % | 19 | 1.87 | % | ||||||||||||||
| >250 | 24 | 2.36 | % | 14 | 1.38 | % | ||||||||||||||
| Total | 714 | 70.34 | % | 301 | 29.66 | % | ||||||||||||||
| 154 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (continued)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree Emerging Markets Equity Income Fund |
||||||||||||||||||||
| July 13, 2007 – March 31, 2010 |
0 – 24.9 | 53 | 7.10 | % | 54 | 7.24 | % | |||||||||||||
| 25 – 49.9 | 55 | 7.37 | % | 32 | 4.29 | % | ||||||||||||||
| 50 – 74.9 | 84 | 11.26 | % | 18 | 2.41 | % | ||||||||||||||
| 75 – 99.9 | 74 | 9.92 | % | 27 | 3.62 | % | ||||||||||||||
| 100 – 124.9 | 64 | 8.58 | % | 21 | 2.82 | % | ||||||||||||||
| 125 – 174.9 | 98 | 13.14 | % | 24 | 3.22 | % | ||||||||||||||
| 175 – 199.9 | 32 | 4.29 | % | 11 | 1.47 | % | ||||||||||||||
| 200 – 249.9 | 27 | 3.62 | % | 10 | 1.34 | % | ||||||||||||||
| >250 | 37 | 4.96 | % | 25 | 3.35 | % | ||||||||||||||
| Total | 524 | 70.24 | % | 222 | 29.76 | % | ||||||||||||||
| WisdomTree Emerging Markets SmallCap Dividend Fund |
||||||||||||||||||||
| October 30, 2007 – March 31, 2010 |
0 – 24.9 | 58 | 8.66 | % | 41 | 6.11 | % | |||||||||||||
| 25 – 49.9 | 59 | 8.81 | % | 24 | 3.58 | % | ||||||||||||||
| 50 – 74.9 | 64 | 9.55 | % | 30 | 4.48 | % | ||||||||||||||
| 75 – 99.9 | 52 | 7.76 | % | 21 | 3.13 | % | ||||||||||||||
| 100 – 124.9 | 58 | 8.66 | % | 25 | 3.73 | % | ||||||||||||||
| 125 – 174.9 | 74 | 11.04 | % | 19 | 2.84 | % | ||||||||||||||
| 175 – 199.9 | 27 | 4.03 | % | 6 | 0.90 | % | ||||||||||||||
| 200 – 249.9 | 35 | 5.22 | % | 11 | 1.64 | % | ||||||||||||||
| >250 | 46 | 6.87 | % | 20 | 2.99 | % | ||||||||||||||
| Total | 473 | 70.60 | % | 197 | 29.40 | % | ||||||||||||||
| WisdomTree Middle East Dividend Fund |
||||||||||||||||||||
| July 16, 2008 – March 31, 2010 |
0 – 24.9 | 14 | 2.85 | % | 12 | 2.44 | % | |||||||||||||
| 25 – 49.9 | 35 | 7.11 | % | 15 | 3.04 | % | ||||||||||||||
| 50 – 74.9 | 29 | 5.89 | % | 8 | 1.63 | % | ||||||||||||||
| 75 – 99.9 | 29 | 5.89 | % | 6 | 1.22 | % | ||||||||||||||
| 100 – 124.9 | 37 | 7.52 | % | 3 | 0.61 | % | ||||||||||||||
| 125 – 174.9 | 64 | 13.01 | % | 11 | 2.24 | % | ||||||||||||||
| 175 – 199.9 | 30 | 6.10 | % | 1 | 0.20 | % | ||||||||||||||
| 200 – 249.9 | 52 | 10.57 | % | 8 | 1.63 | % | ||||||||||||||
| >250 | 123 | 25.00 | % | 15 | 3.05 | % | ||||||||||||||
| Total | 413 | 83.94 | % | 79 | 16.06 | % | ||||||||||||||
| WisdomTree International Hedged Equity Income Fund |
||||||||||||||||||||
| June 16, 2006 – March 31, 2010 |
0 – 24.9 | 8 | 12.90 | % | 2 | 3.23 | % | |||||||||||||
| 25 – 49.9 | 10 | 16.13 | % | 0 | 0.00 | % | ||||||||||||||
| 50 – 74.9 | 13 | 20.97 | % | 1 | 1.61 | % | ||||||||||||||
| 75 – 99.9 | 13 | 20.97 | % | 2 | 3.23 | % | ||||||||||||||
| 100 – 124.9 | 8 | 12.90 | % | 0 | 0.00 | % | ||||||||||||||
| 125 – 174.9 | 3 | 4.84 | % | 1 | 1.61 | % | ||||||||||||||
| 175 – 199.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| 200 – 249.9 | 0 | 0.00 | % | 0 | 0.00 | % | ||||||||||||||
| >250 | 1 | 1.61 | % | 0 | 0.00 | % | ||||||||||||||
| Total | 56 | 90.32 | % | 6 | 9.68 | % | ||||||||||||||
| WisdomTree International Dividend and Sector Funds | 155 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (concluded)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||||||||||
| Basis Point Differential* |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||||||||||
| WisdomTree International Basic Materials Sector Fund |
||||||||||||||||||||
| October 13, 2006 – March 31, 2010 |
0 – 24.9 | 112 | 12.02 | % | 100 | 10.73 | % | |||||||||||||
| 25 – 49.9 | 113 | 12.12 | % | 64 | 6.87 | % | ||||||||||||||
| 50 – 74.9 | 124 | 13.31 | % | 52 | 5.58 | % | ||||||||||||||
| 75 – 99.9 | 78 | 8.37 | % | 33 | 3.54 | % | ||||||||||||||
| 100 – 124.9 | 55 | 5.90 | % | 25 | 2.68 | % | ||||||||||||||
| 125 – 174.9 | 43 | 4.61 | % | 41 | 4.40 | % | ||||||||||||||
| 175 – 199.9 | 13 | 1.39 | % | 12 | 1.29 | % | ||||||||||||||
| 200 – 249.9 | 11 | 1.18 | % | 15 | 1.61 | % | ||||||||||||||
| >250 | 20 | 2.15 | % | 21 | 2.25 | % | ||||||||||||||
| Total | 569 | 61.05 | % | 363 | 38.95 | % | ||||||||||||||
| WisdomTree International Energy Sector Fund |
||||||||||||||||||||
| October 13, 2006 – March 31, 2010 |
0 – 24.9 | 81 | 8.68 | % | 76 | 8.15 | % | |||||||||||||
| 25 – 49.9 | 97 | 10.41 | % | 69 | 7.40 | % | ||||||||||||||
| 50 – 74.9 | 90 | 9.66 | % | 51 | 5.47 | % | ||||||||||||||
| 75 – 99.9 | 85 | 9.12 | % | 29 | 3.11 | % | ||||||||||||||
| 100 – 124.9 | 83 | 8.91 | % | 31 | 3.33 | % | ||||||||||||||
| 125 – 174.9 | 71 | 7.62 | % | 47 | 5.04 | % | ||||||||||||||
| 175 – 199.9 | 16 | 1.72 | % | 15 | 1.61 | % | ||||||||||||||
| 200 – 249.9 | 22 | 2.36 | % | 9 | 0.97 | % | ||||||||||||||
| >250 | 26 | 2.79 | % | 34 | 3.65 | % | ||||||||||||||
| Total | 571 | 61.27 | % | 361 | 38.73 | % | ||||||||||||||
| WisdomTree International Utilities Sector Fund |
||||||||||||||||||||
| October 13, 2006 – March 31, 2010 |
0 – 24.9 | 81 | 8.69 | % | 71 | 7.62 | % | |||||||||||||
| 25 – 49.9 | 124 | 13.30 | % | 48 | 5.15 | % | ||||||||||||||
| 50 – 74.9 | 123 | 13.20 | % | 53 | 5.69 | % | ||||||||||||||
| 75 – 99.9 | 104 | 11.16 | % | 48 | 5.15 | % | ||||||||||||||
| 100 – 124.9 | 55 | 5.90 | % | 30 | 3.22 | % | ||||||||||||||
| 125 – 174.9 | 48 | 5.15 | % | 51 | 5.47 | % | ||||||||||||||
| 175 – 199.9 | 17 | 1.82 | % | 12 | 1.29 | % | ||||||||||||||
| 200 – 249.9 | 11 | 1.18 | % | 11 | 1.18 | % | ||||||||||||||
| >250 | 16 | 1.72 | % | 29 | 3.11 | % | ||||||||||||||
| Total | 579 | 62.12 | % | 353 | 37.88 | % | ||||||||||||||
| WisdomTree International Real Estate Fund |
||||||||||||||||||||
| June 5, 2007 – March 31, 2010 |
0 – 24.9 | 81 | 10.48 | % | 62 | 8.02 | % | |||||||||||||
| 25 – 49.9 | 98 | 12.68 | % | 47 | 6.08 | % | ||||||||||||||
| 50 – 74.9 | 83 | 10.74 | % | 26 | 3.36 | % | ||||||||||||||
| 75 – 99.9 | 58 | 7.50 | % | 28 | 3.62 | % | ||||||||||||||
| 100 – 124.9 | 48 | 6.21 | % | 31 | 4.01 | % | ||||||||||||||
| 125 – 174.9 | 57 | 7.37 | % | 31 | 4.01 | % | ||||||||||||||
| 175 – 199.9 | 22 | 2.85 | % | 21 | 2.72 | % | ||||||||||||||
| 200 – 249.9 | 16 | 2.07 | % | 11 | 1.42 | % | ||||||||||||||
| >250 | 22 | 2.85 | % | 31 | 4.01 | % | ||||||||||||||
| Total | 485 | 62.75 | % | 288 | 37.25 | % | ||||||||||||||
| * | Basis point (bps), is a unit that is equal to 1/100th of 1%. |
| 156 | WisdomTree International Dividend and Sector Funds |
Table of Contents
Trustee and Officer Information (unaudited)
The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WisdomTree Asset Management and other service providers. 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., 380 Madison Avenue, 21st Floor, New York, NY 10017.
Interested Trustee and Officers
| Name (year of birth) |
Position |
Term of Office Time Served |
Principal Occupation(s) During the Past 5 Years |
Number of Portfolios in Fund Complex Overseen by Trustee/Officer† |
Other Directorships Held by | |||||||
| Jonathan Steinberg (1964) |
Trustee, President* | Trustee and Officer since 2005 |
President, WisdomTree Trust since 2005; Chief Executive Officer of WisdomTree Investments, Inc. and Director of WisdomTree Investments, Inc. since 1989. | 42 | None. | |||||||
| Amit Muni (1969) |
Treasurer,* Assistant Secretary* | Officer since 2008 |
Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. since March 2008; International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer from 2003 to 2008. | 42 | None. | |||||||
| Richard Morris (1967) |
Secretary,* Chief Legal Officer* |
Officer since 2005 |
General Counsel of WisdomTree Asset Management since 2009; Deputy Counsel of WisdomTree Investments, Inc. since 2005; Senior Counsel at Barclays Global Investors, N.A. from 2002 to 2005. | 42 | None. | |||||||
| † | As of March 31, 2010. |
| * | Elected by and serves at the pleasure of the Board of Trustees. |
| WisdomTree International Dividend and Sector Funds | 157 |
Table of Contents
Trustee and Officer Information (unaudited) (concluded)
Independent Trustees
| Name (year of birth) |
Position |
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† |
Other Directorships Held by Trustee | |||||||
| Gregory Barton (1961)* |
Trustee | Trustee since 2006 |
Executive Vice President of Business and Legal Affairs, General Counsel and Secretary of TheStreet.com, 2009 to present; General Counsel of Martha Stewart Living Omnimedia, Inc. from 2007 to 2008; Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2004 to 2007; Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2002 to 2004; President from 2001 to 2002, Chief Financial Officer from 2000 to 2002, Vice President of Business Development from 1999 to 2001 and General Counsel and Secretary from 1998 to 2002 of WisdomTree Investments, Inc. | 42 | None. | |||||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 |
Dean Emerita at University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 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. | 42 | None. | |||||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees | Trustee since 2006 |
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 1991 to 2004. | 42 | Trustee on Board of Trustees of Naismith Memorial Basketball Hall of Fame; Member of the Board of Overseers of Stanford University’s Hoover Institution. | |||||||
| † |
As of March 31, 2010. |
| * | Chair of the Audit Committee. |
| ** | Chair of the Governance and Nominating Committee. |
| 158 | WisdomTree International Dividend and Sector Funds |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds fiscal year ended March 31, 2010, 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 2011.
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, 2010, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund |
Qualified Dividend Income |
|||
| DEFA Fund |
$ | 18,295,047 | ||
| DEFA Equity Income Fund |
4,793,856 | |||
| Global Equity Income Fund |
1,569,758 | |||
| Europe SmallCap Dividend Fund |
830,043 | |||
| Japan Total Dividend Fund |
1,035,137 | |||
| World ex-U.S. Growth Fund |
740,941 | |||
| Japan SmallCap Dividend Fund |
1,692,141 | |||
| Pacific ex-Japan Total Dividend Fund |
2,472,271 | |||
| Pacific ex-Japan Equity Income Fund |
3,363,413 | |||
| International LargeCap Dividend Fund |
4,074,318 | |||
| International Dividend ex-Financials Fund |
4,766,835 | |||
| International MidCap Dividend Fund |
3,717,184 | |||
| International SmallCap Dividend Fund |
10,204,715 | |||
| Emerging Markets Equity Income Fund |
7,865,835 | |||
| Emerging Markets SmallCap Dividend Fund |
3,606,327 | |||
| Middle East Dividend Fund |
409,314 | |||
| International Hedged Equity Fund |
7,674 | |||
| International Basic Materials Sector Fund |
589,583 | |||
| International Energy Sector Fund |
954,464 | |||
| International Utilities Sector Fund |
1,374,550 | |||
| International Real Estate Fund |
1,643,450 | |||
The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2010 to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income |
Foreign Taxes Paid |
||||||
| DEFA Fund |
$ | 8,033,479 | $ | 750,293 | ||||
| DEFA Equity Income Fund |
4,274,631 | 267,193 | ||||||
| Global Equity Income Fund |
573,065 | 62,821 | ||||||
| Europe SmallCap Dividend Fund |
824,681 | 57,366 | ||||||
| Japan Total Dividend Fund |
1,339,615 | 100,822 | ||||||
| World ex-U.S. Growth Fund |
641,601 | 19,699 | ||||||
| Japan SmallCap Dividend Fund |
2,278,261 | 171,394 | ||||||
| Pacific ex-Japan Total Dividend Fund |
3,592,365 | 60,742 | ||||||
| Pacific ex-Japan Equity Income Fund |
3,550,329 | 58,551 | ||||||
| International LargeCap Dividend Fund |
3,485,285 | 242,302 | ||||||
| International Dividend ex-Financials Fund |
4,230,438 | 304,865 | ||||||
| International MidCap Dividend Fund |
3,408,014 | 284,988 | ||||||
| International SmallCap Dividend Fund |
11,214,314 | 758,314 | ||||||
| Emerging Markets Equity Income Fund |
13,506,260 | 1,757,175 | ||||||
| Emerging Markets SmallCap Dividend Fund |
6,124,382 | 951,127 | ||||||
| Middle East Dividend Fund |
449,773 | 10,675 | ||||||
| International Hedged Equity Fund |
46,127 | 4,562 | ||||||
| WisdomTree International Dividend and Sector Funds | 159 |
Table of Contents
Supplemental Information (unaudited) (concluded)
| Fund | Gross Foreign Income |
Foreign Taxes Paid |
||||||
| International Basic Materials Sector Fund |
$ | 593,281 | $ | 30,576 | ||||
| International Energy Sector Fund |
803,943 | 50,016 | ||||||
| International Utilities Sector Fund |
1,226,855 | 242,115 | ||||||
| International Real Estate Fund |
2,917,504 | 204,970 | ||||||
| 160 | WisdomTree International Dividend and Sector Funds |
Table of Contents
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained by calling 866-909-9473; or writing to: WisdomTree Trust, c/o ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203.
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 Securities and Exchange Commission (“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 866-909-9473 or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, upon request on the SEC’s website at www.sec.gov, and are also available by calling the Trust at 1-866-909-WISE. You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330), (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102 or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The Fund’s 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.
| WisdomTree International Dividend and Sector Funds | 161 |
Table of Contents
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols as of March 31, 2010:
| WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA Equity Income Fund (DTH)
WisdomTree Global Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree World ex-U.S. Growth Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Emerging Markets Equity Income Fund (DEM)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree International Hedged Equity Fund (HEDJ) |
WisdomTree International Dividend Sector Funds
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree International Real Estate Fund (DRW)
WisdomTree Domestic and International Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree LargeCap Growth Fund (ROI)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Income Funds
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Emerging Currency Fund (CEW)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Japanese Yen Fund (JYF)
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)
WisdomTree Dreyfus South African Rand Fund (SZR) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission (“SEC”) as series of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree investments, Inc., serves as the investment adviser to the WisdomTree Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, or 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 can not invest directly in an index.
There are risks associated with investing including possible loss of principal. In addition to the normal risks of investing, 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 increase the impact of events and developments associated with the region which can adversely affect performance. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility. Investments in emerging frontier markets are generally less liquid and less efficient than developed markets. Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk and the effect of varied economic conditions. Derivatives can be volatile and may be less liquid than other securities. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting issuers. Unlike typical exchange-traded funds, there are no indexes that the currency funds attempt to track or replicate. Thus, the ability of the currency Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Please read the Funds’ prospectus for specific details regarding each 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 in large amounts of 50,000 shares or more.
Table of Contents
380 Madison Avenue, 21st Floor
New York, NY 10017
1.866.909.WISE (9473)
www.wisdomtree.com
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WisdomTree International Dividend and Sector ETFs
WisdomTree DEFA Fund
WisdomTree DEFA Equity Income Fund
WisdomTree Global Equity Income Fund
WisdomTree Europe SmallCap Dividend Fund
WisdomTree Japan Total Dividend Fund
WisdomTree World ex-U.S. Growth Fund
WisdomTree Japan SmallCap Dividend Fund
WisdomTree Pacific ex-Japan Total Dividend Fund
WisdomTree Pacific ex-Japan Equity Income Fund
WisdomTree International LargeCap Dividend Fund
WisdomTree International Dividend ex-Financials Fund
WisdomTree International MidCap Dividend Fund
WisdomTree International SmallCap Dividend Fund
WisdomTree Emerging Markets Equity Income Fund
WisdomTree Emerging Markets SmallCap Dividend Fund
WisdomTree Middle East Dividend Fund
WisdomTree International Hedged Equity Fund
WisdomTree International Basic Materials Sector Fund
WisdomTree International Energy Sector Fund
WisdomTree International Utilities Sector Fund
WisdomTree International Real Estate Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS002528 (05/2011)
Table of Contents
| Item 2. | Code of Ethics. |
The Registrant has adopted a code of ethics (the “Code of Ethics”) that applies to persons appointed by the Registrant’s Board of Trustees as the President and Chief Executive Officer, Chief Financial Officer, Treasurer and/or Chief Accounting Officer, and any persons performing similar functions. For the fiscal year ended March 31, 2010, there were no amendments to any provision of the Code of Ethics. A copy of this code is filed with this Form N-CSR under Item 12(a) (1).
(b) Not applicable.
(c) The Trust has not amended its Code of Ethics during the period covered by the shareholder report presented in Item 1 hereto.
(d) The Trust has not granted a waiver or an implicit waiver from a provision of its Code of Ethics.
(e) Not applicable.
(f) The Trust’s Code of Ethics is attached hereto as an exhibit.
| 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 Greg Barton, 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. |
The principal accountant fees disclosed in item 4(a), 4(b), 4(c), 4(d) and 4(g) are for the forty-two funds of the Registrant for which the fiscal year-end is March 31, 2010 and whose annual financial statements are reported in Item 1.
(a) Audit Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2010 for professional services rendered by the principal accountant for the audit of the Trust’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements are as follows:
2010: $664,511
2009: $857,500
(b) Audit-Related Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2010 for professional services rendered for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Trust’s financial statements and are not reported above in Item 4(a) are as follows:
2010: $0
2009: $0
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(c) Tax Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2010 for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning are as follows:
2010: $358,000
2009: $323,598
(d) All Other Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2010 for products and services provided by the principal accountant, other than the services reported above in Items 4(a) through (c) are as follows:
2010: $154,720
2009: $123,090
(e) Audit Committee Pre-Approval Policies and Procedures.
(i) 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.
(ii) The Registrant’s Audit Committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c) (7) (A) of Rule 2-01 of Regulation S-X.
(f) The percentage of hours expended on the principal accountant’s engagement to audit the Trust’s financial statements for the most recent fiscal year attributable 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 Trust’s accountant for services rendered to the Trust, the Advisor or any entity controlling, controlled by, or under common control with the Advisor that provides ongoing services to the Trust (except for any sub-advisor whose role is primarily portfolio management and is sub-contracted with or overseen by another investment advisor) that for the fiscal year ended March 31, 2010 are as follows:
2010: $512,720
2009: $446,688
Table of Contents
(h) Not applicable.
| Item 5. | Audit Committee of Listed Registrants. |
The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are Greg Barton, Toni Massaro and Victor Ugolyn.
| Item 6. | Schedule of Investments. |
The schedule is included as part of the report to shareholders filed under Item 1 of this form.
| 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. |
Not applicable.
| Item 11. | Controls and Procedures. |
(a) Based on their evaluation of the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) as of a date within 90 days prior to the filing date of this report, the President and Treasurer of the Registrant have concluded that such disclosure controls and procedures are reasonably designed and effective to ensure that material information relating to the Registrant, is made known to them by others within those entities.
(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30 a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s second fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
| Item 12. | Exhibits. |
| (a)(1) | Code of Ethics for Senior Officers that is the subject of Item 2 is attached. | |
| (a)(2) | Certification of each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as a part of EX-99.CERT. | |
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| (a)(3) | Not applicable. | |
| (b) | Certification of each principal executive officer and principal financial officer of the Registrant as required by Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto as a part of EX-99.906CERT. | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
WisdomTree Trust
| By: | /s/ JONATHAN L. STEINBERG | |
| Name: | Jonathan L. Steinberg | |
| Title: | President | |
| Date: | June 8, 2010 | |
| By: | /s/ AMIT MUNI | |
| Name: | Amit Muni | |
| Title: | Treasurer | |
| Date: | June 8, 2010 | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| By: | /s/ JONATHAN L. STEINBERG | |
| Name: | Jonathan L. Steinberg | |
| Title: | President | |
| Date: | June 8, 2010 | |
| By: | /s/ AMIT MUNI | |
| Name: | Amit Muni | |
| Title: | Treasurer | |
| Date: | June 8, 2010 | |