Edgar Filing: WisdomTree Trust

WisdomTree Trust - Currency, Fixed Income and Alternative Funds

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, 21^st 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: February 28, 2013

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

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

Item 1.

Reports to Stockholders.

The Report to Shareholders is attached herewith.

LOGO

WisdomTree Trust

Currency, Fixed Income and Alternative Funds

Semi-Annual Report

February 28, 2013

Currency Funds:

WisdomTree Brazilian Real Fund (BZF)

(formerly, WisdomTree Dreyfus Brazilian Real Fund)

WisdomTree Chinese Yuan Fund (CYB)

(formerly, WisdomTree Dreyfus Chinese Yuan Fund)

WisdomTree Commodity Currency Fund (CCX)

(formerly, WisdomTree Dreyfus Commodity Currency Fund)

WisdomTree Emerging Currency Fund (CEW)

(formerly, WisdomTree Dreyfus Emerging Currency Fund)

WisdomTree Indian Rupee Fund (ICN)

(formerly, WisdomTree Dreyfus Indian Rupee Fund)

Fixed Income Funds:

WisdomTree Asia Local Debt Fund (ALD)

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

WisdomTree Emerging Markets Local Debt Fund (ELD)

WisdomTree Euro Debt Fund (EU)

WisdomTree Global Corporate Bond Fund (GLCB)

Alternative Funds:

WisdomTree Global Real Return Fund (RRF)

WisdomTree Managed Futures Strategy Fund (WDTI)

Table of Contents


Performance Summaries (unaudited)			1
Description of Terms and Indexes (unaudited)			14
Shareholder Expense Examples (unaudited)			18
Schedules of Investments (unaudited)
WisdomTree Brazilian Real Fund			20
WisdomTree Chinese Yuan Fund			21
WisdomTree Commodity Currency Fund			22
WisdomTree Emerging Currency Fund			23
WisdomTree Indian Rupee Fund			24
WisdomTree Asia Local Debt Fund			25
WisdomTree Australia & New Zealand Debt Fund			27
WisdomTree Emerging Markets Corporate Bond Fund			28
WisdomTree Emerging Markets Local Debt Fund			29
WisdomTree Euro Debt Fund			32
WisdomTree Global Corporate Bond Fund			33
WisdomTree Global Real Return Fund (consolidated)			35
WisdomTree Managed Futures Strategy Fund (consolidated)			36
Statements of Assets and Liabilities (unaudited)			37
Statements of Operations (unaudited)			40
Statements of Changes in Net Assets (unaudited)			43
Financial Highlights (unaudited)			47
Notes to Financial Statements (unaudited)			54
Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)			73
General Information (unaudited)			74

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

Performance Summary (unaudited)

WisdomTree Brazilian Real Fund (BZF)

(formerly, WisdomTree Dreyfus Brazilian Real Fund)

Investment Breakdown† as of 2/28/13



Investment Type	% of Net Assets
U.S. Government Obligations		98.5%
Repurchase Agreement		4.6%
Other Assets less Liabilities^‡		-3.1%
Total		100.0%

†	The Fund’s investment breakdown may change over time. It does not include derivatives (if any).

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

Top Holdings* as of 2/28/13



Description	% of Net Assets
U.S. Treasury Bill, 0.04%, 3/28/13		45.2%
U.S. Treasury Bill, 0.11%, 4/18/13		40.6%
U.S. Treasury Bill, 0.03%, 3/07/13		12.7%
Citigroup, Inc., tri-party repurchase agreement, 0.20%, 3/01/13^††		4.6%

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

††	Fully collateralized by U.S. Government agency security.

The WisdomTree Brazilian Real Fund (the “Fund”) seeks to achieve total returns reflective of both money market rates in Brazil available to foreign investors and changes in value of the Brazilian real relative to the U.S. dollar. The Brazilian real is a developing market currency, which can experience periods of significant volatility. Although the Fund invests in very short-term, investment grade instruments, the Fund is not a “money market” fund and it is not the objective of the Fund to maintain a constant share price.

The Fund returned 5.00% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund outperformed the change in the spot currency rate by 2.37% based on NAV for the six-month period. This was largely due to the Fund’s investments in U.S. money market instruments and forward currency contracts.

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 price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for fund shares and investors’ assessments of the underlying value of 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 also do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated January 1, 2013, the Fund’s annual expense ratio was 0.45%.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			3 Year			Since Inception¹
Fund NAV Returns		5.00	%		-7.93	%		3.60	%		3.84	%
Fund Market Price Returns		5.22	%		-7.58	%		3.50	%		3.59	%
Brazilian real		2.63	%		-13.16	%		-2.92	%		-3.60	%
JP Morgan Emerging Local Markets Index Plus (ELMI+) Brazil		5.18	%		-7.45	%		4.37	%		5.21	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on May 14, 2008.

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.


WisdomTree Currency, Fixed Income and Alternative Funds			1

Performance Summary (unaudited)

WisdomTree Chinese Yuan Fund (CYB)

(formerly, WisdomTree Dreyfus Chinese Yuan Fund)

Investment Breakdown† as of 2/28/13



Investment Type	% of Net Assets
U.S. Government Obligations		67.6%
Time Deposits		24.2%
Repurchase Agreement		9.4%
Other Assets less Liabilities^‡		-1.2%
Total		100.0%

†	The Fund’s investment breakdown may change over time. It does not include derivatives (if any).

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

Top Holdings* as of 2/28/13



Description	% of Net Assets
U.S. Treasury Bill, 0.04%, 3/28/13		39.0%
U.S. Treasury Bill, 0.11%, 4/18/13		20.4%
Citigroup, Inc., tri-party repurchase agreement, 0.20%, 3/01/13^††		9.4%
U.S. Treasury Bill, 0.02%, 3/07/13		8.2%
Deutsche Bank AG, 1.60%, 3/22/13		6.1%
Standard Chartered Bank, 1.71%, 3/22/13		6.1%
Barclays Bank PLC, 1.50%, 3/22/13		6.0%
JPMorgan Chase & Co., 1.25%, 3/22/13		6.0%

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

††	Fully collateralized by U.S. Government agency security.

The WisdomTree Chinese Yuan Fund (the “Fund”) seeks to achieve total returns reflective of both money market rates in China available to foreign investors and changes in value of the Chinese yuan relative to the U.S. dollar. The Chinese yuan is a developing market currency, which can experience periods of significant volatility. Although the Fund invests in very short-term, investment grade instruments, the Fund is not a “money market” fund and it is not the objective of the Fund to maintain a constant share price.

The Fund returned 2.46% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund outperformed the change in the spot currency rate by 0.47% based on NAV for the six-month period. This outperformance was largely the result of the Fund’s investments in U.S. money market instruments, forward currency contracts, and locally-denominated time deposits.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			3 Year			Since Inception¹
Fund NAV Returns		2.46	%		1.41	%		1.77	%		1.78	%
Fund Market Price Returns		2.34	%		1.45	%		1.64	%		1.54	%
Chinese yuan		1.99	%		1.15	%		3.13	%		2.47	%
JP Morgan Emerging Local Markets Index Plus (ELMI+) China		2.53	%		2.24	%		2.64	%		2.99	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on May 14, 2008.


2		WisdomTree Currency, Fixed Income and Alternative Funds

Performance Summary (unaudited)

WisdomTree Commodity Currency Fund (CCX)

(formerly, WisdomTree Dreyfus Commodity Currency Fund)

Investment Breakdown† as of 2/28/13



Investment Type	% of Net Assets
U.S. Government Obligations		92.6%
Repurchase Agreement		6.4%
Other Assets less Liabilities^‡		1.0%
Total		100.0%

†	The Fund’s investment breakdown may change over time. It does not include derivatives (if any).

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

Top Holdings* as of 2/28/13



Description	% of Net Assets
U.S. Treasury Bill, 0.04%, 3/28/13		58.6%
U.S. Treasury Bill, 0.11%, 4/18/13		34.0%
Citigroup, Inc., tri-party repurchase agreement, 0.20%, 3/01/13^††		6.4%

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

††	Fully collateralized by U.S. Government agency securities.

The WisdomTree Commodity Currency Fund (the “Fund”) seeks to achieve total returns reflective of money market rates in selected commodity-producing countries and changes in value of such countries’ currencies relative to the U.S. dollar. The term “commodity currency” generally is used to describe the currency of a country whose economic success is commonly identified with the production and export of commodities (such as precious metals, oil, agricultural products or other raw materials) and whose value is closely linked to the value of such commodities. The Fund intends to invest in commodity-producing countries, such as Australia, Brazil, Canada, Chile, Colombia, Indonesia, Malaysia, New Zealand, Norway, Peru, Russia and South Africa. This list may change based on market developments. Although this Fund invests in very short-term, investment grade instruments, the Fund is not a “money market” fund and it is not the objective of the Fund to maintain a constant share price.

The Fund returned 1.96% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund outperformed its benchmark, the Barclays Commodity Producers Currency Index (CPCI-6), by 0.50% based on NAV for the six-month period. This outperformance was largely the result of the Fund’s allocation to the Chilean peso and New Zealand dollar.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			Since Inception¹
Fund NAV Returns		1.96	%		-2.87	%		2.71	%
Fund Market Price Returns		1.72	%		-2.52	%		2.62	%
Barclays Commodity Producers Currency Index (CPCI-6)		1.46	%		-5.06	%		1.43	%
Equal-Weighted Commodity Currency Composite		2.35	%		-2.04	%		3.51	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on September 24, 2010.


WisdomTree Currency, Fixed Income and Alternative Funds			3

Performance Summary (unaudited)

WisdomTree Emerging Currency Fund (CEW)

(formerly, WisdomTree Dreyfus Emerging Currency Fund)

Investment Breakdown† as of 2/28/13



Investment Type	% of Net Assets
U.S. Government Obligations		70.1%
Repurchase Agreement		28.7%
Other Assets less Liabilities^‡		1.2%
Total		100.0%

†	The Fund’s investment breakdown may change over time. It does not include derivatives (if any).

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

Top Holdings* as of 2/28/13



Description	% of Net Assets
Citigroup, Inc., tri-party repurchase agreement, 0.20%, 3/01/13^††		28.7%
U.S. Treasury Bill, 0.09%, 3/14/13		25.7%
U.S. Treasury Bill, 0.11%, 4/18/13		22.2%
U.S. Treasury Bill, 0.02%, 3/07/13		15.8%
U.S. Treasury Bill, 0.04%, 3/28/13		6.4%

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

††	Fully collateralized by U.S. Government agency securities.

The WisdomTree Emerging Currency Fund (the “Fund”) seeks to achieve total returns reflective of both money market rates in selected emerging market countries available to foreign investors and changes to the value of these currencies relative to the U.S. dollar. Emerging market currencies can experience periods of significant volatility. Although the Fund invests in short-term, investment grade instruments, the Fund is not a “money market” fund and it is not the objective of the Fund to maintain a constant share price.

The Fund returned 4.03% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund outperformed its industry benchmark, the JP Morgan Emerging Local Markets Index Plus, by 0.58% based on NAV for the six-month period. This was largely due to the Fund’s underweight in Hong Kong and Singapore relative to the benchmark.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			3 Year			Since Inception¹
Fund NAV Returns		4.03	%		-0.70	%		2.10	%		4.13	%
Fund Market Price Returns		3.63	%		-0.57	%		1.96	%		3.81	%
JP Morgan Emerging Local Markets Index Plus (ELMI+)		3.45	%		0.84	%		2.28	%		4.57	%
Equal-Weighted Emerging Currency Composite		4.02	%		-0.07	%		2.88	%		4.95	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on May 6, 2009.


4		WisdomTree Currency, Fixed Income and Alternative Funds

Performance Summary (unaudited)

WisdomTree Indian Rupee Fund (ICN)

(formerly, WisdomTree Dreyfus Indian Rupee Fund)

Investment Breakdown† as of 2/28/13



Investment Type	% of Net Assets
U.S. Government Obligations		74.3%
Repurchase Agreement		25.1%
Other Assets less Liabilities^‡		0.6%
Total		100.0%

†	The Fund’s investment breakdown may change over time. It does not include derivatives (if any).

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

Top Holdings* as of 2/28/13



Description	% of Net Assets
U.S. Treasury Bill, 0.04%, 3/28/13		39.0%
Citigroup, Inc., tri-party repurchase agreement, 0.20%, 3/01/13^††		25.1%
U.S. Treasury Bill, 0.11%, 4/18/13		23.1%
U.S. Treasury Bill, 0.03%, 3/07/13		12.2%

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

††	Fully collateralized by U.S. Government agency security.

The WisdomTree Indian Rupee Fund (the “Fund”) seeks to achieve total returns reflective of both money market rates in India available to foreign investors and changes in value of the Indian rupee relative to the U.S. dollar. The Indian rupee is a developing market currency, which can experience periods of significant volatility. Although the Fund invests in very short-term, investment grade instruments, the Fund is not a “money market” fund and it is not the objective of the Fund to maintain a constant share price.

The Fund returned 6.50% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund outperformed the change in the spot currency rate by 2.98% based on NAV for the six-month period. This was the result of the Fund’s investments in U.S. money market instruments and forward currency contracts.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			3 Year			Since Inception¹
Fund NAV Returns		6.50	%		-2.57	%		0.10	%		0.76	%
Fund Market Price Returns		4.36	%		-3.44	%		-0.47	%		0.34	%
Indian rupee		3.52	%		-8.98	%		-4.93	%		-4.81	%
JP Morgan Emerging Local Markets Index Plus (ELMI+) India		5.26	%		-3.03	%		0.44	%		1.68	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on May 14, 2008.


WisdomTree Currency, Fixed Income and Alternative Funds			5

Performance Summary (unaudited)

WisdomTree Asia Local Debt Fund (ALD)

Country Breakdown† as of 2/28/13



Country	% of Net Assets
Thailand		11.1%
Malaysia		11.0%
South Korea		10.8%
Australia		10.7%
Indonesia		10.7%
United States		9.7%
Philippines		5.6%
New Zealand		5.5%
China		5.4%
India		5.0%
Hong Kong		4.6%
Singapore		4.5%
Other Assets less Liabilities^‡		5.4%
Total		100.0%

†	The Fund’s country breakdown may change over time. It does not include derivatives (if any).

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

Top Ten Holdings* as of 2/28/13



Description	% of Net Assets
Citigroup, Inc., tri-party repurchase agreement, 0.20%, 3/01/13^††		9.7%
Indonesia Government, 7.38%, 9/15/16, Series FR55		3.8%
Malaysian Government, 3.84%, 8/12/15, Series 0110		3.5%
Korea Treasury Bond, 4.50%, 3/10/15, Series 1503		3.4%
Republic of Philippines, 4.95%, 1/15/21		3.4%
Malaysian Government, 4.01%, 9/15/17, Series 0210		3.2%
Queensland Treasury Corp., 6.00%, 7/21/22, Series 22		3.1%
Indonesia Government, 7.00%, 5/15/22, Series FR61		3.1%
Thailand Government Bond, 2.80%, 10/10/17		3.1%
Korea Treasury Bond, 2.75%, 9/10/17, Series 1709		2.8%

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

††	Fully collateralized by U.S. Government agency securities.

The WisdomTree Asia Local Debt Fund (the “Fund”) seeks a high level of total return consisting of both income and capital appreciation. The Fund attempts to achieve its objective through investments in fixed income instruments denominated in the currencies of a broad range of Asian countries.

The Fund returned 3.56% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund underperformed its industry benchmark, the HSBC Asian Local Bond Index, by 1.34% based on NAV for the six-month period. This was the result of the Fund’s investments in shorter duration securities that underperformed as central banks in Asia cut interest rates.

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 also do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated January 1, 2013, the Fund’s annual expense ratio was 0.55%.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			Since Inception¹
Fund NAV Returns		3.56	%		2.24	%		4.64	%
Fund Market Price Returns		3.53	%		2.54	%		4.57	%
HSBC Asian Local Bond Index		4.90	%		4.77	%		6.98	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on March 17, 2011.


6		WisdomTree Currency, Fixed Income and Alternative Funds

Performance Summary (unaudited)

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

Country Breakdown† as of 2/28/13



Country	% of Net Assets
Australia		86.1%
New Zealand		12.0%
Other Assets less Liabilities^‡		1.9%
Total		100.0%

†	The Fund’s country breakdown may change over time. It does not include derivatives (if any).

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

Top Ten Holdings* as of 2/28/13



Description	% of Net Assets
Inter-American Development Bank, 6.00%, 5/25/16		4.1%
Australian Government Bond, 5.50%, 4/21/23, Series 133		4.1%
New Zealand Government Bond, 6.00%, 12/15/17, Series 1217		3.7%
Tasmanian Public Finance, 6.50%, 4/15/15, Series 15		3.6%
Australian Government Bond, 4.25%, 7/21/17, Series 135		3.5%
Australian Government Bond, 5.50%, 1/21/18, Series 132		3.4%
Treasury Corp. of Victoria, 5.50%, 11/15/18, Series 1118		3.4%
Australian Government Bond, 5.75%, 5/15/21, Series 124		3.3%
Export Development Canada, 5.25%, 8/10/15		3.2%
Australian Government Bond, 4.50%, 4/15/20, Series 126		3.0%

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

The Wisdom Tree Australia & New Zealand Debt Fund (the “Fund”) seeks a high level of total return consisting of both income and capital appreciation. The Fund attempts to achieve its investment objective through investments in fixed income instruments denominated in Australian or New Zealand dollars.

The Fund returned 0.58% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund underperformed its industry benchmark, the Citigroup Australian Broad Investment-Grade Bond Index, by 0.03% based on NAV for the six-month period. This was the result of the Fund’s investments in shorter duration securities that underperformed as the Royal Bank of Australia cut interest rates.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			3 Year			Since Inception¹
Fund NAV Returns		0.58	%		1.86	%		8.70	%		5.10	%
Fund Market Price Returns		0.22	%		2.52	%		8.53	%		4.84	%
Citigroup Australian Broad Investment-Grade Bond Index²		0.61	%		2.85	%		13.05	%		10.39	%
BofA Merrill Lynch New Zealand Dollar One-Month LIBID Constant Maturity Index		4.52	%		0.89	%		8.74	%		5.44	%
Spliced Australia & New Zealand Debt Composite		1.19	%		3.16	%		9.99	%		6.15	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on June 25, 2008.

Previously, the Fund’s performance was compared to the BofA Merrill Lynch New Zealand Dollar One-Month LIBID Constant Maturity Index as its primary benchmark. The Fund’s investment adviser has elected to compare the Fund’s performance to the Citigroup Australian Broad Investment-Grade Bond Index because it believes this is the most appropriate measure for comparison to the Fund’s performance.


WisdomTree Currency, Fixed Income and Alternative Funds			7

Performance Summary (unaudited)

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

Country Breakdown† as of 2/28/13



Country	% of Net Assets
Brazil		26.1%
Russia		21.6%
Mexico		20.0%
Jamaica		4.0%
Hong Kong		3.6%
India		3.3%
Indonesia		3.3%
United Arab Emirates		3.2%
Kazakhstan		2.9%
Colombia		2.8%
Qatar		2.8%
Venezuela		2.6%
Peru		1.9%
Other Assets less Liabilities^‡		1.9%
Total		100.0%

†	The Fund’s country breakdown may change over time. It does not include derivatives (if any).

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

Top Ten Holdings* as of 2/28/13



Description	% of Net Assets
Petroleos Mexicanos, 5.50%, 1/21/21		6.7%
Petrobras International Finance Co., 5.38%, 1/27/21		5.7%
Cemex Finance LLC, 9.50%, 12/14/16		4.4%
Centrais Eletricas Brasileiras SA, 5.75%, 10/27/21		4.1%
VimpelCom Holdings B.V., 7.50%, 3/01/22		4.1%
Digicel Group Ltd., Private Placement, 8.25%, 9/30/20		4.0%
Vale Overseas Ltd., 4.38%, 1/11/22		3.7%
Braskem Finance Ltd., 5.75%, 4/15/21		3.4%
Vedanta Resources PLC, 8.25%, 6/07/21		3.3%
PT Pertamina (Persero), 5.25%, 5/23/21		3.3%

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

The WisdomTree Emerging Markets Corporate Bond Fund (the “Fund”) seeks a high level of total return consisting of both income and capital appreciation. The Fund attempts to achieve its objective through investments in debt securities issued by corporate entities that are domiciled in, or economically tied to, emerging market countries.

The Fund returned 4.44% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund underperformed its industry benchmark, the JP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad, by 0.47% based on NAV for the six-month period. This was the result of the Fund’s overweight to investments in emerging market corporate bonds in the Oil & Gas sector.

Performance as of 2/28/13


	Cumulative Total Return
	6-Month			Since Inception¹
Fund NAV Returns		4.44	%		10.33	%
Fund Market Price Returns		4.47	%		10.78	%
JP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad		4.91	%		10.23	%

¹	Total returns are calculated based on the commencement of Fund trading on the NASDAQ on March 8, 2012.


8		WisdomTree Currency, Fixed Income and Alternative Funds

Performance Summary (unaudited)

WisdomTree Emerging Markets Local Debt Fund (ELD)

Country Breakdown† as of 2/28/13



Country	% of Net Assets
Mexico		10.4%
Brazil		10.2%
Malaysia		10.2%
Indonesia		10.0%
Turkey		7.0%
Russia		6.7%
Poland		6.6%
South Africa		6.3%
South Korea		4.9%
Thailand		4.8%
Philippines		3.7%
Peru		3.4%
China		3.3%
Chile		3.3%
Colombia		3.2%
United States		2.8%
Other Assets less Liabilities^‡		3.2%
Total		100.0%

†	The Fund’s country breakdown may change over time. It does not include derivatives (if any).

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

Top Ten Holdings* as of 2/28/13



Description	% of Net Assets
Federal Republic of Brazil, 10.25%, 1/10/28		3.2%
Republic of Chile, 5.50%, 8/05/20		3.1%
Russian Foreign Bond, 7.85%, 3/10/18		2.8%
Citigroup, Inc., tri-party repurchase agreement, 0.20%, 3/01/13^††		2.8%
Republic of Philippines, 4.95%, 1/15/21		2.1%
Poland Government Bond, 4.75%, 4/25/17, Series 0417		1.9%
Turkey Government Bond, 9.00%, 1/27/16		1.9%
Malaysian Government, 4.38%, 11/29/19, Series 0902		1.9%
Poland Government Bond, 5.75%, 4/25/14, Series 0414		1.8%
Federal Republic of Brazil, 12.50%, 1/05/22		1.8%

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

††	Fully collateralized by U.S. Government agency securities.

The WisdomTree Emerging Markets Local Debt Fund (the “Fund”) seeks a high level of total return consisting of both income and capital appreciation. The Fund attempts to achieve its objective through investments in fixed income instruments denominated in the local currencies of emerging market countries.

The Fund returned 6.23% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund underperformed its industry benchmark, the JP Morgan Government Bond Index — Emerging Markets (GBI-EM) Global Diversified Index, by 1.05% based on NAV for the six-month period. This was the result of the Fund’s overweight to investments in Asia relative to the index.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			Since Inception¹
Fund NAV Returns		6.23	%		4.80	%		6.54	%
Fund Market Price Returns		5.90	%		5.10	%		6.29	%
JP Morgan GBI-EM Global Diversified Index		7.28	%		6.09	%		7.42	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on August 9, 2010.


WisdomTree Currency, Fixed Income and Alternative Funds			9

Performance Summary (unaudited)

WisdomTree Euro Debt Fund (EU)

Country Breakdown† as of 2/28/13



Country	% of Net Assets
Germany		19.5%
Luxembourg		18.7%
France		17.4%
Netherlands		9.8%
Belgium		9.5%
Finland		8.7%
Sweden		4.8%
Austria		4.8%
Denmark		4.2%
Other Assets less Liabilities^‡		2.6%
Total		100.0%

†	The Fund’s country breakdown may change over time. It does not include derivatives (if any).

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

Top Ten Holdings* as of 2/28/13



Description	% of Net Assets
Bundesrepublik Deutschland, 4.75%, 7/04/28, Series 98		7.0%
France Government Bond OAT, 3.50%, 4/25/20		5.3%
France Government Bond OAT, 4.25%, 4/25/19		5.2%
International Bank for Reconstruction & Development, 3.88%, 5/20/19		4.7%
Nordic Investment Bank, 3.00%, 4/08/14		4.7%
Council of Europe Development Bank, 3.00%, 7/13/20		4.7%
European Union, 3.38%, 5/10/19		4.7%
Landwirtschaftliche Rentenbank, 3.75%, 2/11/16		4.4%
KFW, 4.13%, 7/04/17		3.7%
Netherlands Government Bond, 5.50%, 1/15/28		3.5%

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

The WisdomTree Euro Debt Fund (the “Fund”) seeks a high level of total return consisting of both income and capital appreciation. The Fund attempts to achieve its objective through investments in fixed income instruments denominated in euros.

The Fund returned 4.48% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund underperformed its industry benchmark, the BofA Merrill Lynch Euro Government Index, by 3.41% based on NAV for the six-month period. This was a result of the Fund’s avoidance of debt from Portugal, Italy, Ireland, and Spain.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			3 Year			Since Inception¹
Fund NAV Returns		4.48	%		3.50	%		1.50	%		-1.17	%
Fund Market Price Returns		4.27	%		7.64	%		1.42	%		-1.29	%
BofA Merrill Lynch Euro Government Index²		7.89	%		4.44	%		2.94	%		2.01	%
BofA Merrill Lynch Euro Currency One-Month LIBID Constant Maturity Index		3.75	%		-2.10	%		-0.85	%		-2.31	%
Spliced Euro Debt ex-Greece, Ireland, Italy, Portugal & Spain Composite		4.68	%		3.84	%		2.07	%		-0.56	%
Spliced Euro Debt Composite		7.89	%		4.44	%		2.83	%		-0.09	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on May 14, 2008.

Previously, the Fund’s performance was compared to the BofA Merrill Lynch Euro Currency One-Month LIBID Constant Maturity Index as its primary benchmark. The Fund’s adviser has elected to compare the Fund’s performance to the BofA Merrill Lynch Euro Government Index because it believes this is the most appropriate measure for comparison to the Fund’s performance.


10		WisdomTree Currency, Fixed Income and Alternative Funds

Performance Summary (unaudited)

WisdomTree Global Corporate Bond Fund (GLCB)

Country Breakdown† as of 2/28/13



Country	% of Net Assets
United States		51.0%
United Kingdom		9.5%
Russia		4.4%
Italy		4.4%
Mexico		3.5%
France		3.2%
Brazil		3.0%
Hong Kong		2.9%
Germany		2.9%
Spain		2.9%
Netherlands		2.6%
Australia		2.5%
Belgium		2.3%
Canada		1.5%
Colombia		1.0%
Luxembourg		0.4%
Other Assets less Liabilities^‡		2.0%
Total		100.0%

†	The Fund’s country breakdown may change over time. It does not include derivatives (if any).

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

Top Ten Holdings* as of 2/28/13



Description	% of Net Assets
Bank of America Corp., 3.30%, 1/11/23		3.3%
HSBC Bank PLC, 3.88%, 10/24/18		3.1%
Citigroup, Inc., 4.50%, 1/14/22		3.1%
Intesa Sanpaolo SpA, 3.88%, 1/16/18		3.0%
Goldman Sachs Group, Inc. (The), 5.75%, 1/24/22		3.0%
Daimler Chrysler Group LLC, 8.25%, 6/15/21		2.9%
Hutchison Whampoa International 12 II Ltd., 2.00%, 11/08/17		2.9%
Royal Bank of Scotland Group PLC, 6.13%, 12/15/22		2.9%
Nara Cable Funding Ltd., 8.88%, 12/01/18		2.9%
Wells Fargo & Co., 2.10%, 5/08/17		2.9%

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

The WisdomTree Global Corporate Bond Fund (the “Fund”) seeks a high level of total return consisting of both income and capital appreciation. The Fund seeks to achieve its investment objective through investment in debt securities issued by corporate entities that are organized in or maintain their principal place of business in countries throughout the world, including the U.S. The issuers of such debt will include public, private, and state-owned or sponsored corporations.

The Fund returned 1.00% on net asset value (“NAV”) since its inception on January 31, 2013 through February 28, 2013 (for more complete performance information please see below). The Fund outperformed its industry benchmark, the Barclays Global Credit Index (Hedged), by 0.30% based on NAV for the period. This was the result of the Fund’s overweight in investments in global high yield bonds.

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 also do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated January 11, 2013, the Fund’s net and gross annual expense ratios were 0.45% and 0.50%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the Management Fee to 0.45% through January 10, 2014.

Performance as of 2/28/13


	Cumulative Total Return
	Since Inception¹
Fund NAV Returns		1.00	%
Fund Market Price Returns		0.89	%
Barclays Global Credit Index (Hedged)		0.70	%
Global Corporate Bond Composite (Hedged)		0.75	%

¹	Total returns are calculated based on the commencement of Fund trading on the NASDAQ on January 31, 2013.


WisdomTree Currency, Fixed Income and Alternative Funds			11

Performance Summary (unaudited)

WisdomTree Global Real Return Fund (RRF) (consolidated)

Country Breakdown† as of 2/28/13



Country	% of Net Assets
United States		50.9%
Mexico		5.1%
South Africa		4.7%
United Kingdom		4.7%
Sweden		4.4%
Turkey		4.4%
France		4.3%
Brazil		4.3%
Canada		4.3%
Australia		4.2%
Other Assets less Liabilities^‡		8.7%
Total		100.0%

†	The Fund’s country breakdown may change over time. It does not include derivatives (if any).

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

Top Ten Holdings* as of 2/28/13



Description	% of Net Assets
U.S. Treasury Bill, 0.07%, 3/21/13		20.7%
U.S. Treasury Bill, 0.07%, 4/18/13		8.5%
U.S. Treasury Inflation Indexed Notes, 1.13%, 1/15/21		6.1%
U.S. Treasury Inflation Indexed Bond, 2.38%, 1/15/25		6.1%
U.S. Treasury Inflation Indexed Notes, 1.38%, 1/15/20		6.0%
Swedish Government Index Linked Bond, 4.00%, 12/01/20, Series 3102		4.4%
Morgan Stanley, Inflation Linked, Private Placement, 5.40%, 5/15/15		4.3%
Australian Index Linked Bond, 4.00%, 8/20/20, Series 20CI		4.2%
U.S. Treasury Inflation Indexed Notes, 2.13%, 1/15/19		3.3%
Turkey Government Index Linked Bond 4.00%, 4/01/20		2.7%

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

The WisdomTree Global Real Return Fund (the “Fund”) seeks total returns (capital appreciation plus income) that exceed the rate of inflation over long-term investment horizons.

The Fund returned 0.36% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund underperformed its industry benchmark, the BofA Merrill Lynch Global Diversified Inflation-Linked Index by 2.89% based on NAV for the six-month period. This was the result of the negative performance of its allocation to commodity strategies.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			Since Inception¹
Fund NAV Returns		0.36	%		-0.19	%		-0.54	%
Fund Market Price Returns		-1.96	%		-1.23	%		-2.83	%
BofA Merrill Lynch Global Diversified Inflation-Linked Index		3.25	%		4.01	%		5.57	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on July 14, 2011.


12		WisdomTree Currency, Fixed Income and Alternative Funds

Performance Summary (unaudited)

WisdomTree Managed Futures Strategy Fund (WDTI) (consolidated)

Investment Breakdown† as of 2/28/13



Investment Type	% of Net Assets
U.S. Government Obligations		90.3%
Other Assets less Liabilities^‡		9.7%
Total		100.0%

†	The Fund’s investment breakdown may change over time. It does not include derivatives (if any).

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

Top Holdings* as of 2/28/13



Description	% of Net Assets
U.S. Treasury Bill, 0.11%, 4/18/13		82.5%
U.S. Treasury Bill, 0.07%, 4/04/13		6.1%
U.S. Treasury Bill, 0.04%, 3/14/13		1.7%

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

The WisdomTree Managed Futures Strategy Fund (the “Fund”) seeks to achieve positive total returns in rising or falling markets.

The Fund returned -1.42% on net asset value (“NAV”) for the six-month period ended February 28, 2013 (for more complete performance information please see below). The Fund underperformed its industry benchmark, the Diversified Trends Indicator by 0.61% based on NAV for the six-month period. This was primarily due to deductions for Fund expenses and transaction costs.

Performance as of 2/28/13


	Average Annual Total Return
	6-Month*			1 Year			Since Inception¹
Fund NAV Returns		-1.42	%		-6.07	%		-8.38	%
Fund Market Price Returns		-1.25	%		-5.95	%		-8.41	%
Diversified Trends Indicator		-0.81	%		-4.98	%		-7.27	%

*	Returns of less than one year are cumulative.

¹	Total returns are calculated based on the commencement of Fund trading on the NYSE Arca on January 5, 2011.

Alpha Financial Technologies, LLC (“AFT”) has developed, maintained and owns rights to the methodology that is employed in connection with the Diversified Trends Indicator^™ (“DTI”). DTI^® is a registered mark of AFT. The Fund is not sponsored, endorsed, sold or promoted by AFT. The DTI was created, compiled, maintained and is owned by AFT without regard to the Fund. The DTI is licensed on an “as is” basis without warranties or guarantees or other terms concerning merchantability, absence of defects, fitness or use for a particular purpose, timeliness, accuracy, completeness, currentness or quality. Neither AFT nor its affiliates make any warranties or guarantees as to the results to be obtained in connection with the use of the DTI or an investment in the Fund, and AFT and its affiliates shall have no liability in connection with any Fund investment.


WisdomTree Currency, Fixed Income and Alternative Funds			13

Description of Terms and Indexes (unaudited)

Below are descriptions of certain terms and of each index referenced in this report.

Barclays Commodity Producers Currency Index (CPCI-6):

The Barclays Commodity Producers Currency Index (“CPCI-6”) tracks the performance of long positions in the equally weighted six commodity currencies versus the U.S. dollar, expressed through one-month cash settled forward rate agreements. The six commodity currencies included in CPCI-6 are the Australian dollar, Brazilian real, Canadian dollar, Norwegian krone, Russian ruble, and South African rand. These currencies are selected to represent six resource rich economies, diversified in terms of geography, major commodities items exported and across developed and emerging economies.

Barclays Global Credit Index (Hedged):

The Barclays Global Credit Index (Hedged) contains investment-grade and high-yield credit securities from the Barclays Multiverse Index, which is a broad-based measure of the global fixed-income bond market. The Barclays Multiverse Index is the union of the Barclays Global Aggregate Index and the Barclays Global High Yield Index and captures investment grade and high yield securities in all eligible currencies. The Barclays Multiverse Index family includes a wide range of standard and customized subindices by sector, quality, maturity, and country.

BofA Merrill Lynch Euro Currency One-Month LIBID Constant Maturity Index:

The BofA Merrill Lynch Euro Currency One-Month LIBID Constant Maturity Index tracks a consistent investment in one-month euro-denominated bank deposits.

BofA Merrill Lynch Euro Government ex-Greece, Ireland, Italy, Portugal & Spain Index:

The BofA Merrill Lynch Euro Government ex-Greece, Ireland, Italy, Portugal & Spain Index is a subset of the BofA Merrill Lynch Euro Government Index. It is a market capitalization-weighted index that tracks the performance of euro-denominated sovereign debt publicly issued by Euro member countries excluding Greece, Ireland, Italy, Portugal and Spain as the country of risk.

BofA Merrill Lynch Euro Government Index:

The BofA Merrill Lynch Euro Government Index is a market capitalization-weighted index that tracks the performance of euro-denominated sovereign debt publicly issued by Euro member countries.

BofA Merrill Lynch Global Diversified Inflation-Linked Index:

The BofA Merrill Lynch Global Diversified Inflation-Linked Index is a broad, market value-weighted, capped total return index designed to measure the performance of inflation-linked sovereign debt that is publicly issued and denominated in the issuer’s own domestic market and currency.

BofA Merrill Lynch New Zealand Dollar One-Month LIBID Constant Maturity Index:

The BofA Merrill Lynch New Zealand Dollar One-Month LIBID Constant Maturity Index tracks a consistent investment in one-month New Zealand dollar-denominated bank deposits.

Citigroup Australian Broad Investment-Grade Bond Index:

The Citigroup Australian Broad Investment-Grade Bond Index is a market capitalization weighted index designed to represent the Australian fixed-coupon bond market, including government, semi-government, and investment grade credit markets (including supranational issuers).


14		WisdomTree Currency, Fixed Income and Alternative Funds

Description of Terms and Indexes (unaudited) (continued)

Diversified Trends Indicator:

The Diversified Trends Indicator (“DTI”) is a long/short rules-based index that consists of ten commodity sectors and eight financial sectors. Each month the DTI Index sector exposure is rebalanced back to the fixed weights, 50% physical commodities and 50% financials (when energy is long) and approximately 40% commodities and 60% financials (when energy is flat). Each sector (other than the energy sector) is positioned either long or short depending on the current market environment (the energy sector is positioned as either “long” or “flat” (i.e., no exposure)). The DTI Index individual market components, sectors and related weightings, as well as other aspects of the calculation of the DTI Index, are subject to change at any time.

Equal-Weighted Commodity Currency Composite:

A composite incorporating equal-weighted exposures to the currencies within the Commodity Currency Fund was constructed as a benchmark for Fund performance. Returns for the individual emerging market currencies are represented by the return of the country subindices of the JP Morgan Emerging Local Markets Index Plus (ELMI+). Returns for the individual developed market countries are represented by the returns of the BofA Merrill Lynch One-Month Constant Maturity LIBID Index for each country. The JP Morgan indices use a weighted basket of one-month, two-month and three-month currency forwards collateralized with U.S. money market rates to proxy the returns for emerging currency positions. The BofA Merrill Lynch indices track a consistent investment in one-month bank deposits denominated in the specified currency. Within the composite, currency exposures are rebalanced back to equal-weight at the end of the month in which the Fund rebalances its portfolio. Changes to currencies within the Fund are reflected in the composite at the end of the month they are added to, or deleted from, the Fund.

Equal-Weighted Emerging Currency Composite:

A composite incorporating equal-weighted exposure to the currencies within the Emerging Currency Fund was constructed as an additional gauge of Emerging Currency Fund performance. Currently, the composite tracks the returns for the currencies of the following countries: Brazil, Chile, Mexico, Poland, Indonesia, South Africa, Turkey, India, China, Russia and South Korea, using the total returns of the country subindices of the JP Morgan Emerging Local Markets Index Plus (ELMI+). Each subindex uses a weighted basket of one-month, two-month and three-month currency forwards (deliverable or nondeliverable) collateralized with U.S. money market rates to proxy the total returns of an investment in local-currency money market instruments. Currency exposures are rebalanced back to equal-weighting at the end of the month in which the Emerging Currency Fund intends to rebalance, and currency changes are reflected in the composite at the end of the month they are reflected in the Fund.

Euro Zone Area:

The area encompassing the European Union Member States whose currency is the euro and in which there is a single monetary policy. It currently comprises Belgium, Germany, Greece, Spain, Estonia, Ireland, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

Forward Currency Contracts:

A forward currency contract is an agreement to buy or sell a specific currency at a future date at a price set at the time of the contract. A forward contract may either be deliverable or non-deliverable. A deliverable forward currency contract is an agreement by two parties to transact in currencies at a specific rate on a future date upon which each party delivers the promised currency. A non-deliverable forward currency contract is an agreement by two parties to transact in currencies at a specific rate on a future date and then cash settle the agreement with a simple exchange of the market value difference between the current market rate and the initial agreed-upon rate.


WisdomTree Currency, Fixed Income and Alternative Funds			15

Description of Terms and Indexes (unaudited) (continued)

Global Corporate Bond Composite (Hedged):

The Global Corporate Bond Composite (Hedged) consists of a blend of 75% Barclays Global Aggregate Corporate Index — Hedged USD and 25% Barclays Global High Yield Index — Hedged USD. The Barclays Global Aggregate Index provides a broad-based measure of the global investment grade fixed-rate debt markets. The Barclays Global High-Yield Index provides a broad-based measure of the global high-yield fixed income markets.

HSBC Asian Local Bond Index:

The HSBC Asian Local Bond Index (“ALBI”) tracks the total return performance of a bond portfolio which consists of local currency denominated, high quality and liquid bonds in Asia ex-Japan. The ALBI includes bonds from the following countries: Korea, Hong Kong, India, Singapore, Taiwan, Malaysia, Thailand, the Philippines, Indonesia and China.

JP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad:

The JP Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad is a market capitalization weighted index consisting of U.S. dollar-denominated emerging market corporate bonds. The index serves as a global corporate benchmark representing Asia, Latin America, Europe and Middle East / Africa. U.S. dollar-denominated corporate issues from index-eligible countries are narrowed further by only including issues with more than $300 million current face outstanding and at least five years to maturity (at the time of inclusion into the index).

JP Morgan Emerging Local Markets Index Plus (ELMI+):

The JP Morgan Emerging Local Markets Index Plus (ELMI+) and its underlying country and regional subindices track the total returns for local-currency denominated money market instruments in emerging market countries.

JP Morgan Emerging Local Markets Index Plus (ELMI+) Brazil:

The Brazil subindex uses a weighted basket of one-month, two-month and three-month currency forwards collateralized with U.S. money market rates to proxy the total returns of an investment in Brazilian real money market instruments. The returns are reported in U.S. dollar terms.

JP Morgan Emerging Local Markets Index Plus (ELMI+) China:

The China subindex uses a weighted basket of one-month, two-month and three-month currency forwards collateralized with U.S. money market rates to proxy the total returns of an investment in Chinese yuan money market instruments. The returns are reported in U.S. dollar terms.

JP Morgan Emerging Local Markets Index Plus (ELMI+) India:

The India subindex uses a weighted basket of one-month, two-month and three-month currency forwards collateralized with U.S. money market rates to proxy the total returns of an investment in Indian rupee money market instruments. The returns are reported in U.S. dollar terms.

JP Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversified Index:

The JP Morgan Government Bond Index-Emerging Markets (GBI-EM) Global Diversified Index tracks the performance of local currency debt issued by emerging market governments, whose debt is accessible by most of the international investor base. The index incorporates a constrained market-capitalization methodology in which individual


16		WisdomTree Currency, Fixed Income and Alternative Funds

Description of Terms and Indexes (unaudited) (concluded)

issuer exposures are capped at 10% (with the excess distributed to smaller issuers) for greater diversification among issuing governments. The returns are reported in U.S. dollar terms.

JP Morgan New Zealand Government Bond Index:

The JP Morgan New Zealand Government Bond Index is a market capitalization weighted index of locally denominated, fixed rate government debt.

LIBID:

London Interbank Bid Rate or the rate at which banks are willing to borrow for a discrete period of time.

Sovereign Debt:

Debt that is the direct obligation of a government issuer.

Spliced Australia & New Zealand Debt Composite:

A spliced index which tracks the BofA Merrill Lynch New Zealand Dollar One-Month LIBID Constant Maturity Index through October 24, 2011. Thereafter, the composite tracks an 80% / 20% weighted exposure to the local currency bond markets of Australia and New Zealand, respectively. Performance for Australia is proxied by the total returns of the Citigroup Australian Broad Investment-Grade Bond Index. Performance for the New Zealand bond market is proxied by the JP Morgan New Zealand Government Bond Index. Country exposures are rebalanced back to target weighting quarterly.

Spliced Euro Debt Composite:

A spliced index which tracks the BofA Merrill Lynch Euro Currency One-Month LIBID Constant Maturity Index through October 18, 2011. Thereafter, the composite tracks the BofA Merrill Lynch Euro Government Index.

Spliced Euro Debt ex-Greece, Ireland, Italy, Portugal & Spain Composite:

Spot Rate:

A “spot” rate is the foreign exchange market price at which a currency will be delivered on the settlement date. Spot rate is the starting point for all foreign exchange transactions. The Brazilian real “spot” return rate relative to the U.S. Dollar calculated by WisdomTree is the rate of return percentage difference between the end of period spot rate and the beginning of period spot rate using WM/Reuters London closing rates. The Chinese yuan and Indian rupee “spot” return rate relative to the U.S. Dollar calculated by WisdomTree is the rate of return percentage difference between the end of period spot rate and the beginning of period spot rate using Tullett Prebon Singapore closing rates.

Index returns do not reflect expenses paid by the Funds. Index returns assume reinvestment of distributions. It is not possible to invest directly in an index.


WisdomTree Currency, Fixed Income and Alternative Funds			17

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 September 1, 2012 to February 28, 2013 for all funds except WisdomTree Global Corporate Bond Fund for which the period is January 31, 2013 (commencement of operations) to February 28, 2013.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 9/1/12 to 2/28/13” 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.


18		WisdomTree Currency, Fixed Income and Alternative Funds

Shareholder Expense Examples (unaudited) (concluded)


	Beginning Account Value 9/1/12		Ending Account Value 2/28/13		Annualized Expense Ratio Based on the Period 9/1/12 to 2/28/13			Expenses Paid During the Period† 9/1/12 to 2/28/13
WisdomTree Brazilian Real Fund
Actual	$	1,000.00	$	1,050.00		0.45	%	$	2.29
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.56		0.45	%	$	2.26
WisdomTree Chinese Yuan Fund
Actual	$	1,000.00	$	1,024.60		0.45	%	$	2.26
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.56		0.45	%	$	2.26
WisdomTree Commodity Currency Fund
Actual	$	1,000.00	$	1,019.60		0.55	%	$	2.75
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.07		0.55	%	$	2.76
WisdomTree Emerging Currency Fund
Actual	$	1,000.00	$	1,040.30		0.55	%	$	2.78
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.07		0.55	%	$	2.76
WisdomTree Indian Rupee Fund
Actual	$	1,000.00	$	1,065.00		0.45	%	$	2.30
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.56		0.45	%	$	2.26
WisdomTree Asia Local Debt Fund
Actual	$	1,000.00	$	1,035.60		0.55	%	$	2.78
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.07		0.55	%	$	2.76
WisdomTree Australia & New Zealand Debt Fund
Actual	$	1,000.00	$	1,005.80		0.45	%	$	2.24
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.56		0.45	%	$	2.26
WisdomTree Emerging Markets Corporate Bond Fund
Actual	$	1,000.00	$	1,044.40		0.60	%	$	3.04
Hypothetical (5% return before expenses)	$	1,000.00	$	1,021.82		0.60	%	$	3.01
WisdomTree Emerging Markets Local Debt Fund
Actual	$	1,000.00	$	1,062.30		0.55	%	$	2.81
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.07		0.55	%	$	2.76
WisdomTree Euro Debt Fund
Actual	$	1,000.00	$	1,044.80		0.35	%	$	1.77
Hypothetical (5% return before expenses)	$	1,000.00	$	1,023.06		0.35	%	$	1.76
WisdomTree Global Corporate Bond Fund*
Actual	$	1,000.00	$	1,010.00		0.45	%	$	0.36
Hypothetical (5% return before expenses)	$	1,000.00	$	1,022.56		0.45	%	$	2.26
WisdomTree Global Real Return Fund (consolidated)
Actual	$	1,000.00	$	1,003.60		0.60	%	$	2.98
Hypothetical (5% return before expenses)	$	1,000.00	$	1,021.82		0.60	%	$	3.01
WisdomTree Managed Futures Strategy Fund (consolidated)
Actual	$	1,000.00	$	985.80		0.95	%	$	4.68
Hypothetical (5% return before expenses)	$	1,000.00	$	1,020.08		0.95	%	$	4.76

†

Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 181/365 (to reflect the one-half year period) except “Actual” expenses for WisdomTree Global Corporate Bond Fund are calculated by multiplying by 29/365 (to reflect the period since commencement of operations).

*	Commencement of operations was on January 31, 2013.


WisdomTree Currency, Fixed Income and Alternative Funds			19

Schedule of Investments (unaudited)

WisdomTree Brazilian Real Fund (BZF)

February 28, 2013


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS – 98.5%
Treasury Bills – 98.5%
U.S. Treasury Bills
0.03%, 3/07/13^*	$	7,000,000	$	6,999,966
0.04%, 3/28/13^*		25,000,000		24,999,185
0.11%, 4/18/13^*		22,450,000		22,446,639

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $54,445,891)				54,445,790
REPURCHASE AGREEMENT – 4.6%
United States – 4.6%
Citigroup, Inc., tri-party repurchase agreement dated 2/28/13, 0.20% due 3/1/13; Proceeds at maturity – $2,555,088 (fully collateralized by Ginnie Mae, 3.50% due 9/20/42; Market value – $2,682,828)
(Cost: $2,555,074)		2,555,074		2,555,074
TOTAL INVESTMENTS IN SECURITIES – 103.1% (Cost: $57,000,965)^(a)				57,000,864
Liabilities in Excess of Cash and Other Assets – (3.1)%				(1,711,934	)

NET ASSETS – 100.0%			$	55,288,930

^*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


20		WisdomTree Currency, Fixed Income and Alternative Funds

Schedule of Investments (unaudited)

WisdomTree Chinese Yuan Fund (CYB)

February 28, 2013


Investments	Principal Amount			Value
U.S. GOVERNMENT OBLIGATIONS – 67.6%
Treasury Bills – 67.6%
U.S. Treasury Bills
0.02%, 3/07/13^*	$	18,000,000		$	17,999,914
0.04%, 3/28/13^*		86,117,000			86,114,191
0.11%, 4/18/13^*		45,000,000			44,993,264

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $149,107,614)					149,107,369
TIME DEPOSITS – 24.2%
China – 24.2%
Barclays Bank PLC 1.50%, 3/22/13		83,043,993	CNH		13,348,978
Deutsche Bank AG 1.60%, 3/22/13		83,212,493	CNH		13,376,064
JPMorgan Chase & Co. 1.25%, 3/22/13		82,899,640	CNH		13,325,774
Standard Chartered Bank 1.71%, 3/22/13		83,048,342	CNH		13,349,677

TOTAL TIME DEPOSITS (Cost: $53,275,889)					53,400,493
REPURCHASE AGREEMENT – 9.4%
United States – 9.4%
Citigroup, Inc., tri-party repurchase agreement dated 2/28/13, 0.20% due 3/1/13; Proceeds at maturity – $20,637,957 (fully collateralized by Fannie Mae, 4.00% due 5/1/42; Market value – $21,669,735)
(Cost: $20,637,842)	$	20,637,842			20,637,842
TOTAL INVESTMENTS IN SECURITIES – 101.2% (Cost: $223,021,345)^(a)					223,145,704
Liabilities in Excess of Cash, Foreign Currency and Other Assets – (1.2)%					(2,647,180	)

NET ASSETS – 100.0%				$	220,498,524

Principal amount is reported in U.S. dollars, except for those denoted in the following currency:

CNH – Offshore Chinese renminbi

^*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			21

Schedule of Investments (unaudited)

WisdomTree Commodity Currency Fund (CCX)

February 28, 2013


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS – 92.6%
Treasury Bills – 92.6%
U.S. Treasury Bills
0.04%, 3/28/13^*	$	13,750,000	$	13,749,552
0.11%, 4/18/13^*		8,000,000		7,998,802

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $21,748,393)				21,748,354
REPURCHASE AGREEMENT – 6.4%
United States – 6.4%
Citigroup, Inc. tri-party repurchase agreement dated 2/28/13, 0.20% due 3/1/13; Proceeds at maturity – $1,500,516 (fully collateralized by Ginnie Mae, 3.50% – 5.50% due 9/20/42 – 5/15/38; Market value – $1,575,533)
(Cost: $1,500,508)		1,500,508		1,500,508
TOTAL INVESTMENTS IN SECURITIES – 99.0% (Cost: $23,248,901)^(a)				23,248,862
Cash and Other Assets in Excess of Liabilities – 1.0%				228,381

NET ASSETS – 100.0%			$	23,477,243

^*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


22		WisdomTree Currency, Fixed Income and Alternative Funds

Schedule of Investments (unaudited)

WisdomTree Emerging Currency Fund (CEW)

February 28, 2013


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS – 70.1%
Treasury Bills – 70.1%
U.S. Treasury Bills
0.02%, 3/07/13^*	$	50,000,000	$	49,999,760
0.09%, 3/14/13^*		81,500,000		81,497,148
0.04%, 3/28/13^*		20,524,000		20,523,330
0.11%, 4/18/13^*		70,274,000		70,263,481

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $222,284,194)				222,283,719
REPURCHASE AGREEMENT – 28.7%
United States – 28.7%
Citigroup, Inc., tri-party repurchase agreement dated 2/28/13, 0.20% due 3/1/13; Proceeds at maturity – $90,971,863 (fully collateralized by Fannie Mae, 3.00% – 5.00% due 1/1/22 – 8/1/39, Freddie Mac, 5.00% due 5/1/41 and Ginnie Mae, 5.00% due 4/20/40; Market value – $95,519,926)
(Cost: $90,971,358)		90,971,358		90,971,358
TOTAL INVESTMENTS IN SECURITIES – 98.8% (Cost: $313,255,552)^(a)				313,255,077
Cash and Other Assets in Excess of Liabilities – 1.2%				3,931,757

NET ASSETS – 100.0%			$	317,186,834

^*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			23

Schedule of Investments (unaudited)

WisdomTree Indian Rupee Fund (ICN)

February 28, 2013


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS – 74.3%
Treasury Bills – 74.3%
U.S. Treasury Bills
0.03%, 3/07/13^*	$	1,850,000	$	1,849,991
0.04%, 3/28/13^*		5,897,000		5,896,808
0.11%, 4/18/13^*		3,500,000		3,499,476

TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $11,246,294)				11,246,275
REPURCHASE AGREEMENT – 25.1%
United States – 25.1%
Citigroup, Inc. tri-party repurchase agreement dated 2/28/13, 0.20% due 3/1/13; Proceeds at maturity – $3,802,204 (fully collateralized by Ginnie Mae, 3.50% due 9/20/42; Market value – $3,992,292)
(Cost: $3,802,182)		3,802,182		3,802,182
TOTAL INVESTMENTS IN SECURITIES – 99.4% (Cost: $15,048,476)^(a)				15,048,457
Cash and Other Assets in Excess of Liabilities – 0.6%				84,392

NET ASSETS – 100.0%			$	15,132,849

^*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


24		WisdomTree Currency, Fixed Income and Alternative Funds

Schedule of Investments (unaudited)

WisdomTree Asia Local Debt Fund (ALD)

February 28, 2013


Investments	Principal Amount			Value

FOREIGN GOVERNMENT AGENCIES – 6.8%
Australia – 6.2%
New South Wales Treasury Corp. 6.00%, 4/01/16, Series 16		6,020,000	AUD	$	6,670,391
Queensland Treasury Corp. 6.00%, 7/21/22, Series 22		13,580,000	AUD		15,723,380
Western Australian Treasury Corp. 7.00%, 4/15/15, Series 15		7,990,000	AUD		8,850,887

Total Australia					31,244,658
New Zealand – 0.6%
Queensland Treasury Corp. 7.13%, 9/18/17		3,320,000	NZD		3,109,379
TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $34,267,279)					34,354,037
FOREIGN GOVERNMENT OBLIGATIONS – 67.7%
Australia – 0.9%
Australian Government Bond 6.25%, 4/15/15, Series 119		2,042,000	AUD		2,244,136
Eurofima 5.63%, 10/24/16		2,270,000	AUD		2,472,529

Total Australia					4,716,665
China – 4.8%
China Government Bond 1.00%, 12/01/13		31,500,000	CNY		5,027,660
3.30%, 10/27/14		17,220,000	CNY		2,826,308
1.80%, 12/01/15		27,000,000	CNY		4,303,881
2.48%, 12/01/20		33,500,000	CNY		5,274,094
2.36%, 8/18/21		35,000,000	CNY		5,421,709
3.10%, 6/29/22		6,500,000	CNY		1,057,829

Total China					23,911,481
Hong Kong – 4.6%
Hong Kong Government Bond 1.69%, 12/22/14		46,000,000	HKD		6,091,200
1.65%, 6/15/15		81,650,000	HKD		10,871,673
1.51%, 2/24/27		47,950,000	HKD		6,273,688

Total Hong Kong					23,236,561
Indonesia – 10.7%
Indonesia Government 11.25%, 5/15/14, Series FR51		45,196,000,000	IDR		5,060,923
7.38%, 9/15/16, Series FR55		169,710,000,000	IDR		19,221,284
5.25%, 5/15/18, Series FR66		61,000,000,000	IDR		6,483,580
12.80%, 6/15/21, Series FR34		48,120,000,000	IDR		7,508,906
7.00%, 5/15/22, Series FR61		134,135,000,000	IDR		15,667,776

Total Indonesia					53,942,469
Malaysia – 11.0%
Malaysian Government 3.21%, 5/31/13, Series 0509		42,530,000	MYR		13,766,426
3.43%, 8/15/14, Series 0211		23,360,000	MYR		7,600,266
3.84%, 8/12/15, Series 0110		53,320,000	MYR		17,571,515
4.01%, 9/15/17, Series 0210		47,980,000	MYR		16,059,739

Total Malaysia					54,997,946

New Zealand – 3.7%
New Zealand Government Bond 6.00%, 4/15/15, Series 415		12,379,000	NZD	$	10,970,447
6.00%, 12/15/17, Series 1217		8,222,000	NZD		7,689,201

Total New Zealand					18,659,648
Philippines – 5.6%
Republic of Philippines 4.95%, 1/15/21		607,000,000	PHP		17,020,662
3.90%, 11/26/22		184,000,000	PHP		4,857,872
6.25%, 1/14/36		200,000,000	PHP		6,329,980

Total Philippines					28,208,514
Singapore – 4.5%
Singapore Government Bond 2.25%, 6/01/21		11,226,000	SGD		9,723,371
3.00%, 9/01/24		14,360,000	SGD		13,001,499

Total Singapore					22,724,870
South Korea – 10.8%
Korea Treasury Bond 4.50%, 3/10/15, Series 1503		17,870,000,000	KRW		17,120,989
4.00%, 9/10/15, Series 1509		14,000,000,000	KRW		13,376,401
2.75%, 9/10/17, Series 1709		15,240,000,000	KRW		14,113,367
4.25%, 6/10/21, Series 2106		9,521,000,000	KRW		9,672,130

Total South Korea					54,282,887
Thailand – 11.1%
Thailand Government Bond 5.25%, 5/12/14		350,000,000	THB		12,105,271
3.13%, 12/11/15		194,699,000	THB		6,586,723
4.13%, 11/18/16		179,780,000	THB		6,283,356
3.25%, 6/16/17		86,790,000	THB		2,940,422
2.80%, 10/10/17		463,685,000	THB		15,394,295
3.63%, 6/16/23		367,000,000	THB		12,355,946

Total Thailand					55,666,013
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $340,256,953)					340,347,054
SUPRANATIONAL BONDS – 10.4%
Australia – 3.6%
Asian Development Bank 5.50%, 2/15/16		6,540,000	AUD		7,132,463
International Finance Corp. 5.75%, 6/24/14		5,486,000	AUD		5,818,181
Nordic Investment Bank 6.00%, 4/06/15		4,900,000	AUD		5,308,428

Total Australia					18,259,072
China – 0.6%
Asian Development Bank 2.85%, 10/21/20		14,500,000	CNY		2,316,786
International Finance Corp. 1.80%, 1/27/16		5,000,000	CNY		787,584

Total China					3,104,370

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			25

Schedule of Investments (unaudited) (concluded)

WisdomTree Asia Local Debt Fund (ALD)

February 28, 2013


Investments	Principal Amount			Value

India – 5.0%
European Bank for Reconstruction & Development 5.25%, 6/06/14		286,450,000	INR	$	5,212,766
Inter-American Development Bank 2.50%, 3/11/13		293,000,000	INR		5,373,880
4.75%, 1/10/14		752,000,000	INR		13,647,719
4.75%, 10/25/15		39,800,000	INR		717,541

Total India					24,951,906
New Zealand – 1.2%
Inter-American Development Bank 6.25%, 6/22/16		1,616,000	NZD		1,456,952
International Bank for Reconstruction & Development 5.38%, 12/15/14		5,010,000	NZD		4,316,923

Total New Zealand					5,773,875
TOTAL SUPRANATIONAL BONDS (Cost: $55,993,892)					52,089,223
REPURCHASE AGREEMENT – 9.7%
United States – 9.7%
Citigroup, Inc. tri-party repurchase agreement dated 2/28/13, 0.20% due 3/1/13; Proceeds at maturity – $48,561,059 (fully collateralized by Fannie Mae, 3.5% due 5/1/42 and Ginnie Mae, 4.50%-5.00% due 10/15/39 – 4/20/41; Market value – $50,988,829)
(Cost: $48,560,789)	$	48,560,789			48,560,789
TOTAL INVESTMENTS IN SECURITIES – 94.6% (Cost: $479,078,913)^(a)					475,351,103
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 5.4%					27,327,508

NET ASSETS – 100.0%				$	502,678,611

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

AUD – Australian dollar

CNY – Chinese yuan

HKD – Hong Kong dollar

IDR – Indonesian rupiah

INR – Indian rupee

KRW – South Korean won

MYR – Malaysian ringgit

NZD – New Zealand dollar

PHP – Philippines peso

SGD – Singapore dollar

THB – Thai baht

^(a)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


26		WisdomTree Currency, Fixed Income and Alternative Funds

Schedule of Investments (unaudited)

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

February 28, 2013


Investments	Principal Amount			Value

FOREIGN GOVERNMENT AGENCIES – 37.3%
Australia – 37.3%
Australian Capital Territory 5.50%, 6/07/18		850,000	AUD	$	944,130
Export Development Canada 5.75%, 2/11/14		1,020,000	AUD		1,070,627
5.25%, 8/10/15		2,150,000	AUD		2,312,520
New South Wales Treasury Corp. 5.50%, 8/01/14, Series 14		690,000	AUD		732,326
6.00%, 4/01/15, Series 15		150,000	AUD		162,917
5.50%, 3/01/17, Series 17		790,000	AUD		877,323
6.00%, 2/01/18, Series 18		1,265,000	AUD		1,440,668
6.00%, 5/01/20, Series 520		230,000	AUD		267,793
Northern Territory Treasury Corp. 5.75%, 7/14/14		500,000	AUD		530,433
6.25%, 10/20/15		500,000	AUD		551,468
4.75%, 9/20/18		200,000	AUD		215,809
Queensland Treasury Corp. 5.75%, 11/21/14, Series 14		100,000	AUD		107,142
6.00%, 10/21/15, Series 15		300,000	AUD		329,449
6.00%, 4/21/16, Series 16		1,000,000	AUD		1,106,854
6.00%, 9/14/17, Series 17		1,700,000	AUD		1,933,527
South Australian Government Financing Authority 5.75%, 4/20/15, Series 15		1,780,000	AUD		1,924,661
5.75%, 9/20/17, Series 17		1,405,000	AUD		1,571,770
Tasmanian Public Finance 5.50%, 6/23/14, Series 14		850,000	AUD		898,886
6.50%, 4/15/15, Series 15		2,355,000	AUD		2,578,194
Treasury Corp. of Victoria 5.75%, 11/15/16, Series 1116		1,020,000	AUD		1,136,363
5.50%, 11/15/18, Series 1118		2,125,000	AUD		2,392,757
Western Australian Treasury Corp. 5.50%, 4/23/14, Series 14		800,000	AUD		843,066
7.00%, 4/15/15, Series 15		805,000	AUD		891,735
6.00%, 10/16/23, Series 23		1,515,000	AUD		1,798,231
TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $26,761,966)					26,618,649
FOREIGN GOVERNMENT OBLIGATIONS – 33.1%
Australia – 21.8%
Australian Government Bond
4.75%, 6/15/16, Series 130		900,000	AUD		979,434
4.25%, 7/21/17, Series 135		2,275,000	AUD		2,463,260
5.50%, 1/21/18, Series 132		2,150,000	AUD		2,459,075
5.25%, 3/15/19, Series 122		1,400,000	AUD		1,610,423
4.50%, 4/15/20, Series 126		1,925,000	AUD		2,146,184
5.75%, 5/15/21, Series 124		1,970,000	AUD		2,386,204
5.50%, 4/21/23, Series 133		2,385,000	AUD		2,890,965
4.75%, 4/21/27, Series 136		550,000	AUD		626,539

Total Australia					15,562,084
New Zealand – 11.3%
New Zealand Government Bond
6.00%, 4/15/15, Series 415		770,000	NZD		682,385
6.00%, 12/15/17, Series 1217		2,790,000	NZD		2,609,204
5.00%, 3/15/19, Series 319		1,290,000	NZD		1,170,208
6.00%, 5/15/21, Series 521		1,665,000	NZD		1,617,793
5.50%, 4/15/23, Series 423		2,085,000	NZD	$	1,983,886

Total New Zealand					8,063,476
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $23,306,362)					23,625,560
SUPRANATIONAL BONDS – 27.7%
Australia – 27.0%
Asian Development Bank
5.25%, 5/13/14		650,000	AUD		683,435
6.00%, 1/20/15		600,000	AUD		647,981
5.50%, 2/15/16		200,000	AUD		218,118
6.00%, 2/22/18		1,500,000	AUD		1,707,293
Council of Europe Development Bank
5.75%, 9/16/14		550,000	AUD		583,143
5.63%, 12/14/15		300,000	AUD		323,367
European Investment Bank
5.38%, 5/20/14		840,000	AUD		883,378
6.13%, 1/23/17		1,065,000	AUD		1,184,347
Inter-American Development Bank
6.00%, 5/25/16		2,645,000	AUD		2,933,835
6.50%, 8/20/19		450,000	AUD		531,332
International Bank For Reconstruction & Development
5.50%, 10/21/14		910,000	AUD		969,427
International Finance Corp.
5.75%, 6/24/14		640,000	AUD		678,752
5.75%, 3/16/15		1,170,000	AUD		1,262,008
5.75%, 7/28/20		500,000	AUD		570,784
KFW
6.00%, 1/29/15		380,000	AUD		408,937
5.75%, 5/13/15		690,000	AUD		746,095
6.25%, 12/04/19		1,345,000	AUD		1,555,111
Landwirtschaftliche Rentenbank
6.00%, 7/15/14		220,000	AUD		233,988
5.75%, 7/15/15		250,000	AUD		269,289
6.50%, 4/12/17		250,000	AUD		283,520
Nordic Investment Bank
6.00%, 8/20/14		850,000	AUD		907,518
6.00%, 4/06/15		1,560,000	AUD		1,690,030

Total Australia					19,271,688
New Zealand – 0.7%
European Investment Bank
6.50%, 9/10/14		182,000	NZD		158,249
KFW
6.38%, 2/17/15		400,000	NZD		350,368

Total New Zealand					508,617
TOTAL SUPRANATIONAL BONDS (Cost: $19,905,819)					19,780,305
TOTAL INVESTMENTS IN SECURITIES – 98.1% (Cost: $69,974,147)^(a)					70,024,514
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 1.9%					1,335,270

NET ASSETS – 100.0%				$	71,359,784

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

AUD – Australian dollar

NZD – New Zealand dollar

^(a)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			27

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

February 28, 2013


Investments	Principal Amount		Value

FOREIGN CORPORATE BONDS – 94.9%
Brazil – 26.1%
Braskem Finance Ltd. 5.75%, 4/15/21	$	4,138,000	$	4,350,073
Centrais Eletricas Brasileiras S.A. 5.75%, 10/27/21		4,849,000		5,212,675
CSN Resources S.A. 6.50%, 7/21/20		2,139,000		2,304,772
Fibria Overseas Finance Ltd. 7.50%, 5/04/20		1,120,000		1,258,600
Odebrecht Finance Ltd. 6.00%, 4/05/23		3,670,000		4,170,037
Oi S.A., Private Placement 5.75%, 2/10/22^(a)		3,726,000		3,889,012
Petrobras International Finance Co. 5.38%, 1/27/21		6,647,000		7,273,579
Vale Overseas Ltd. 4.38%, 1/11/22		4,469,000		4,653,056

Total Brazil				33,111,804
Colombia – 2.8%
Ecopetrol S.A. 7.63%, 7/23/19		2,825,000		3,573,625
Hong Kong – 3.6%
Hutchison Whampoa International 11 Ltd. 4.63%, 1/13/22		1,765,000		1,939,133
Noble Group Ltd. 6.75%, 1/29/20		2,403,000		2,661,322

Total Hong Kong				4,600,455
India – 3.3%
Vedanta Resources PLC 8.25%, 6/07/21		3,718,000		4,238,520
Indonesia – 3.3%
PT Pertamina (Persero) 5.25%, 5/23/21		3,870,000		4,218,300
Jamaica – 4.0%
Digicel Group Ltd., Private Placement 8.25%, 9/30/20^(a)		4,650,000		5,024,325
Kazakhstan – 2.9%
KazMunayGaz National Co. 6.38%, 4/09/21		3,167,000		3,729,143
Mexico – 20.0%
Cemex Finance LLC 9.50%, 12/14/16^(b)		5,172,000		5,611,620
Grupo Bimbo SAB de CV 4.50%, 1/25/22		2,848,000		3,098,724
Mexichem SAB de CV 4.88%, 9/19/22^(b)		950,000		1,004,625
Mexichem SAB de CV, Private Placement 4.88%, 9/19/22^(a)		3,200,000		3,384,000
Petroleos Mexicanos 5.50%, 1/21/21		7,449,000		8,529,105
Southern Copper Corp. 5.25%, 11/08/42		3,830,000		3,742,389

Total Mexico				25,370,463

Peru – 1.9%
Volcan Cia Minera S.A.A., Private Placement 5.38%, 2/02/22^(a)	$	2,246,000	$	2,431,295
Qatar – 2.8%
Qtel International Finance Ltd. 4.75%, 2/16/21^(b)		3,156,000		3,526,830
Russia – 21.6%
Evraz Group S.A. 6.75%, 4/27/18		3,776,000		3,945,920
Gazprom OAO Via Gaz Capital S.A. 4.95%, 5/23/16		3,491,000		3,717,915
LUKOIL International Finance B.V. 6.13%, 11/09/20		3,598,000		4,101,720
Rosneft Oil Co. Via Rosneft International Finance Ltd. 3.15%, 3/06/17^(b)		1,190,000		1,200,413
Rosneft Oil Co. Via Rosneft International Finance Ltd., Private Placement 3.15%, 3/06/17^(a)		3,200,000		3,228,000
Severstal OAO Via Steel Capital S.A. 6.70%, 10/25/17^(b)		2,142,000		2,350,845
TNK-BP Finance S.A. 7.25%, 2/02/20^(b)		3,118,000		3,772,780
VimpelCom Holdings B.V. 7.50%, 3/01/22^(b)		4,642,000		5,193,238

Total Russia				27,510,831
Venezuela – 2.6%
Petroleos de Venezuela S.A. 8.50%, 11/02/17		3,268,200		3,247,774
TOTAL FOREIGN CORPORATE BONDS (Cost: $117,976,477)				120,583,365
FOREIGN GOVERNMENT AGENCIES – 3.2%
United Arab Emirates – 3.2%
MDC-GMTM B.V. 5.50%, 4/20/21 (Cost: $3,836,531)		3,456,000		4,060,800
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 14.3%
United States – 14.3%
Dreyfus Institutional Preferred Money Market Fund, 0.11%^(c)
(Cost: $18,179,610)^(d)		18,179,610		18,179,610
TOTAL INVESTMENTS IN SECURITIES – 112.4% (Cost: $139,992,618)^(e)				142,823,775
Liabilities in Excess of Cash and Other Assets – (12.4)%				(15,772,450	)

NET ASSETS – 100.0%			$	127,051,325

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

^(b)	Security, or portion thereof, was on loan at February 28, 2013.

^(c)	Interest rate shown reflects yield as of February 28, 2013.

^(d)	At February 28, 2013, the total market value of the Fund’s security on loan was $17,814,551 and the total market value of the collateral held by the Fund was $18,179,610.

^(e)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


28		WisdomTree Currency, Fixed Income and Alternative Funds

Schedule of Investments (unaudited)

WisdomTree Emerging Markets Local Debt Fund (ELD)

February 28, 2013


Investments	Principal Amount		Value

FOREIGN GOVERNMENT OBLIGATIONS – 84.9%
Brazil – 8.3%
Federal Republic of Brazil
12.50%, 1/05/16^(a)		8,833,000 BRL	$	5,294,171
12.50%, 1/05/22^(a)		43,665,000 BRL		31,637,303
10.25%, 1/10/28^(a)		88,789,000 BRL		57,640,322
Letra Tesouro Nacional
9.63%, 7/01/16^(b)		36,735,000 BRL		13,894,641
Nota do Tesouro Nacional
10.00%, 1/01/21		42,860,000 BRL		22,422,606
10.00%, 1/01/23, Series F		37,215,000 BRL		19,546,349

Total Brazil				150,435,392
Chile – 3.1%
Bonos del Banco Central de Chile en Pesos 6.00%, 1/01/17		180,000,000 CLP		390,325
Republic of Chile 5.50%, 8/05/20^(a)		23,822,500,000 CLP		55,853,577

Total Chile				56,243,902
China – 3.3%
China Government Bond
1.00%, 12/01/13		43,000,000 CNY		6,863,155
3.30%, 10/27/14		29,330,000 CNY		4,813,915
1.80%, 12/01/15		109,000,000 CNY		17,374,926
1.40%, 8/18/16		27,000,000 CNY		4,224,964
2.56%, 6/29/17		19,500,000 CNY		3,151,035
2.48%, 12/01/20		59,000,000 CNY		9,288,702
2.36%, 8/18/21		63,500,000 CNY		9,836,529
3.10%, 6/29/22		27,000,000 CNY		4,394,060

Total China				59,947,286
Colombia – 3.2%
Republic of Colombia
12.00%, 10/22/15^(a)		37,453,000,000 COP		24,875,103
7.75%, 4/14/21		44,031,000,000 COP		30,844,205
9.85%, 6/28/27		2,762,000,000 COP		2,381,225

Total Colombia				58,100,533
Indonesia – 9.9%
Indonesia Government
11.00%, 10/15/14, Series FR26		75,811,000,000 IDR		8,670,971
9.50%, 6/15/15, Series FR27		148,891,000,000 IDR		17,097,050
10.75%, 5/15/16, Series FR30		49,065,000,000 IDR		6,015,947
7.38%, 9/15/16, Series FR55		178,000,000,000 IDR		20,160,206
6.25%, 4/15/17, Series FR60		59,346,000,000 IDR		6,529,927
10.00%, 7/15/17, Series FR28		50,000,000,000 IDR		6,253,128
5.25%, 5/15/18, Series FR66		85,548,000,000 IDR		9,092,743
11.00%, 11/15/20, Series FR31		139,526,000,000 IDR		19,804,635
8.25%, 7/15/21, Series FR53		103,330,000,000 IDR		12,894,260
7.00%, 5/15/22, Series FR61		158,910,000,000 IDR		18,561,645
8.38%, 9/15/26, Series FR56		212,086,000,000 IDR		26,779,460
8.25%, 6/15/32, Series FR58		212,499,000,000 IDR		26,715,281

Total Indonesia				178,575,253
Malaysia – 10.2%
Malaysian Government
3.43%, 8/15/14, Series 0211		83,873,000 MYR		27,288,401

3.84%, 8/12/15, Series 0110		74,363,000 MYR	$	24,506,200
3.81%, 2/15/17, Series 0207		41,190,000 MYR		13,666,403
4.01%, 9/15/17, Series 0210		90,070,000 MYR		30,147,993
3.31%, 10/31/17, Series 0512		62,495,000 MYR		20,316,304
4.38%, 11/29/19, Series 0902		98,452,000 MYR		33,761,693
3.42%, 8/15/22, Series 0112		41,005,000 MYR		13,216,905
4.39%, 4/15/26, Series 0311		58,070,000 MYR		20,265,218

Total Malaysia				183,169,117
Mexico – 7.6%
Mexican Bonos Desarr
9.50%, 12/18/14, Series MI10		231,859,000 MXN		19,789,310
7.75%, 12/14/17, Series M10		306,176,000 MXN		27,122,944
8.50%, 12/13/18, Series M10		243,144,000 MXN		22,597,125
6.50%, 6/10/21, Series M		350,798,000 MXN		30,367,289
7.75%, 5/29/31, Series M		147,140,000 MXN		14,062,876
8.50%, 11/18/38, Series M 30		227,148,000 MXN		23,534,282

Total Mexico				137,473,826
Peru – 3.4%
Republic of Peru
9.91%, 5/05/15		11,120,000 PEN		5,102,878
8.60%, 8/12/17		17,648,000 PEN		8,629,810
7.84%, 8/12/20		38,750,000 PEN		18,926,095
8.20%, 8/12/26		17,050,000 PEN		9,231,508
6.95%, 8/12/31		22,530,000 PEN		10,922,380
6.90%, 8/12/37		17,148,000 PEN		8,434,477

Total Peru				61,247,148
Philippines – 3.7%
Republic of Philippines
7.88%, 2/19/19, Series 1048		260,400,000 PHP		7,978,564
4.95%, 1/15/21		1,337,000,000 PHP		37,490,322
3.90%, 11/26/22		118,000,000 PHP		3,115,374
6.25%, 1/14/36		176,000,000 PHP		5,570,383
7.63%, 9/29/36, Series 25-9		342,770,000 PHP		11,632,692

Total Philippines				65,787,335
Poland – 6.6%
Poland Government Bond
5.75%, 4/25/14, Series 0414		101,630,000 PLN		32,848,463
4.75%, 4/25/17, Series 0417		105,850,000 PLN		34,813,215
5.50%, 10/25/19, Series 1019^(a)		73,738,000 PLN		25,604,441
5.25%, 10/25/20, Series 1020		34,025,000 PLN		11,723,676
5.75%, 9/23/22, Series 0922		40,382,000 PLN		14,530,078

Total Poland				119,519,873
Russia – 5.3%
Russian Agricultural Bank OJSC Via RSHB Capital SA
8.70%, 3/17/16		235,300,000 RUB		7,934,921
Russian Foreign Bond
7.85%, 3/10/18		1,430,000,000 RUB		50,484,909
Russian Government Bond—OFZ
6.80%, 12/11/19, Series 6210		466,760,000 RUB		15,618,328
7.60%, 7/20/22, Series 6209		422,790,000 RUB		14,734,199
Russian Railways Via Rzd Capital PLC
8.30%, 4/02/19		227,800,000 RUB		7,622,451

Total Russia				96,394,808

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			29

Schedule of Investments (unaudited) (continued)

WisdomTree Emerging Markets Local Debt Fund (ELD)

February 28, 2013


Investments	Principal Amount		Value

South Africa – 4.5%
Republic of South Africa
8.25%, 9/15/17, Series R203		181,460,000 ZAR	$	22,208,166
7.25%, 1/15/20, Series R207		169,612,000 ZAR		19,892,412
10.50%, 12/21/26, Series R186		184,850,000 ZAR		26,308,868
6.25%, 3/31/36, Series R209		143,138,600 ZAR		12,736,587

Total South Africa				81,146,033
South Korea – 4.9%
Korea Treasury Bond
4.50%, 3/10/15, Series 1503		28,632,260,000 KRW		27,432,155
2.75%, 9/10/17, Series 1709		19,790,000,000 KRW		18,327,003
5.00%, 6/10/20, Series 2006		29,259,220,000 KRW		30,843,283
3.75%, 6/10/22, Series 2206		11,570,000,000 KRW		11,425,955

Total South Korea				88,028,396
Thailand – 4.8%
Thailand Government Bond 3.13%, 12/11/15		439,830,000 THB		14,879,575
4.13%, 11/18/16		464,390,000 THB		16,230,548
2.80%, 10/10/17		649,460,000 THB		21,562,006
5.13%, 3/13/18		517,275,000 THB		18,979,576
3.65%, 12/17/21		317,940,000 THB		10,796,494
3.58%, 12/17/27		147,870,000 THB		4,792,236

Total Thailand				87,240,435
Turkey – 6.1%
Turkey Government Bond 10.00%, 6/17/15		43,837,000 TRY		26,626,594
9.00%, 1/27/16		56,986,000 TRY		34,391,518
10.50%, 1/15/20		39,612,000 TRY		26,846,261
9.50%, 1/12/22		33,250,000 TRY		21,845,933

Total Turkey				109,710,306
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $1,528,839,047)				1,533,019,643
SUPRANATIONAL BONDS – 9.1%
Brazil – 1.9%
Asian Development Bank 9.25%, 4/30/13		10,120,000 BRL		5,153,159
International Bank For Reconstruction & Development 10.00%, 1/21/15		2,270,000 BRL		1,232,765
International Finance Corp. 9.25%, 9/16/13		12,965,000 BRL		6,702,507
8.25%, 1/15/14		2,950,000 BRL		1,530,132
5.00%, 12/21/15		39,910,000 BRL		19,744,055

Total Brazil				34,362,618
Chile – 0.2%
International Bank for Reconstruction & Development 4.25%, 1/28/15		1,450,000,000 CLP		3,065,215
Indonesia – 0.1%
Inter-American Development Bank 4.50%, 2/04/16		26,400,000,000 IDR		2,736,328

Mexico – 2.8%
Inter-American Development Bank 8.00%, 1/26/16		21,632,000 MXN	$	1,905,039
7.50%, 12/05/24		167,197,000 MXN		15,298,755
International Bank for Reconstruction & Development 6.50%, 9/11/13		166,935,000 MXN		13,303,379
4.63%, 11/17/15		23,600,000 MXN		1,916,376
7.50%, 3/05/20		76,245,000 MXN		7,125,695
International Finance Corp. 6.00%, 1/28/16		128,810,000 MXN		10,796,373

Total Mexico				50,345,617
Russia – 1.4%
European Bank for Reconstruction & Development 6.50%, 2/09/15		59,610,000 RUB		1,981,763
6.75%, 5/12/17		236,850,000 RUB		8,050,655
European Investment Bank 6.50%, 12/15/15		103,750,000 RUB		3,475,832
6.50%, 9/30/16		212,800,000 RUB		7,155,302
6.75%, 6/13/17		115,470,000 RUB		3,913,132
International Bank for Reconstruction & Development 5.25%, 11/24/14		41,550,000 RUB		1,349,443

Total Russia				25,926,127
South Africa – 1.8%
European Investment Bank 8.00%, 10/21/13		38,630,000 ZAR		4,378,123
8.50%, 11/04/14		88,915,000 ZAR		10,442,833
9.00%, 12/21/18		50,360,000 ZAR		6,403,988
6.00%, 10/21/19		22,200,000 ZAR		2,446,461
International Bank for Reconstruction & Development 8.75%, 3/01/17		65,380,000 ZAR		8,137,579
International Finance Corp. 7.38%, 3/04/15		11,490,000 ZAR		1,342,613

Total South Africa				33,151,597
Turkey – 0.9%
European Investment Bank 9.63%, 4/01/15		16,450,000 TRY		9,940,038
7.25%, 1/25/16		3,245,000 TRY		1,905,884
14.00%, 7/05/16		5,210,000 TRY		3,623,668

Total Turkey				15,469,590
TOTAL SUPRANATIONAL BONDS (Cost: $172,251,809)				165,057,092
REPURCHASE AGREEMENT – 2.8%
United States – 2.8%
Citigroup, Inc. tri-party repurchase agreement dated 2/28/13, 0.20% due 3/1/13; Proceeds at maturity – $50,012,613 (fully collateralized by Ginnie Mae, 3.50% – 4.50% due 8/15/42 – 10/15/39; Market value – $52,512,952)
(Cost: $50,012,335)		50,012,335		50,012,335

See Notes to Financial Statements.


30		WisdomTree Currency, Fixed Income and Alternative Funds

Schedule of Investments (unaudited) (concluded)

WisdomTree Emerging Markets Local Debt Fund (ELD)

February 28, 2013


Investments	Principal Amount		Value

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8%
United States – 0.8%
Dreyfus Institutional Preferred Money Market Fund, 0.11%^(c)
(Cost: $14,421,148)^(d)		14,421,148	$	14,421,148
TOTAL INVESTMENTS IN SECURITIES – 97.6% (Cost: $1,765,524,339)^(e)				1,762,510,218
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 2.4%				43,174,779

NET ASSETS – 100.0%			$	1,805,684,997

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

BRL – Brazilian real

CLP – Chilean peso

CNY – Chinese yuan

COP – Colombian peso

IDR – Indonesian rupiah

KRW – South Korean won

MXN – Mexican peso

MYR – Malaysian ringgit

PEN – Peruvian nuevo sol

PHP – Philippines peso

PLN – Polish zloty

RUB – Russian ruble

THB – Thai baht

TRY – Turkish new lira

ZAR – South African rand

^(a)	Security, or portion thereof, was on loan at February 28, 2013.

^(b)	Represents a zero coupon bond. Rate shown reflects the effective yield at reporting date.

^(c)	Rate shown represents annualized 7-day yield as of February 28, 2013.

^(d)	At February 28, 2013, the total market value of the Fund’s securities on loan was $13,255,177 and the total market value of the collateral held by the Fund was $14,421,148.

^(e)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			31

Schedule of Investments (unaudited)

WisdomTree Euro Debt Fund (EU)

February 28, 2013


Investments	Principal Amount			Value

FOREIGN GOVERNMENT AGENCIES – 4.8%
Luxembourg – 4.8%
European Financial Stability Facility
2.75%, 7/18/16		105,000	EUR	$	147,329
3.38%, 7/05/21		45,000	EUR		66,035

TOTAL FOREIGN GOVERNMENT AGENCIES (Cost: $208,304)					213,364
FOREIGN GOVERNMENT OBLIGATIONS – 64.0%
Austria – 4.8%
Republic of Austria
3.50%, 7/15/15		30,000	EUR		42,343
4.65%, 1/15/18, Series 2		45,000	EUR		69,844
3.90%, 7/15/20		65,000	EUR		100,226

Total Austria					212,413
Belgium – 9.5%
Belgium Kingdom
3.50%, 6/28/17, Series 63		50,000	EUR		72,642
3.75%, 9/28/20, Series 58		95,000	EUR		142,201
European Union
3.38%, 5/10/19		140,000	EUR		207,961

Total Belgium					422,804
Denmark – 4.2%
Kingdom of Denmark
1.75%, 10/05/15		70,000	EUR		95,207
2.75%, 3/16/16		65,000	EUR		91,416

Total Denmark					186,623
Finland – 4.0%
Finnish Government Bond
3.50%, 4/15/21		70,000	EUR		106,152
4.00%, 7/04/25		45,000	EUR		71,625

Total Finland					177,777
France – 12.7%
France Government Bond OAT
4.00%, 4/25/18		65,000	EUR		97,931
4.25%, 4/25/19		150,000	EUR		231,347
3.50%, 4/25/20		160,000	EUR		237,492

Total France					566,770
Germany – 9.8%
Bundesrepublik Deutschland
3.25%, 7/04/21		80,000	EUR		122,109
4.75%, 7/04/28, Series 98		176,000	EUR		312,463

Total Germany					434,572
Luxembourg – 4.4%
Luxembourg Government Bond
3.75%, 12/04/13		35,000	EUR		46,988
3.38%, 5/18/20		100,000	EUR		149,548

Total Luxembourg					196,536
Netherlands – 9.8%
Netherlands Government Bond
4.50%, 7/15/17		70,000	EUR		106,708
4.00%, 7/15/18		60,000	EUR		91,204
3.50%, 7/15/20		55,000	EUR		82,861

5.50%, 1/15/28		85,000	EUR	$	156,613

Total Netherlands					437,386
Sweden – 4.8%
Kingdom of Sweden
0.88%, 9/02/13		20,000	EUR		26,259
3.13%, 5/07/14		70,000	EUR		94,805
0.63%, 2/20/15		70,000	EUR		92,532

Total Sweden					213,596
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $2,771,403)					2,848,477
SUPRANATIONAL BONDS – 28.6%
Finland – 4.7%
Nordic Investment Bank 3.00%, 4/08/14		155,000	EUR		209,086
France – 4.7%
Council of Europe Development Bank 3.00%, 7/13/20		145,000	EUR		208,913
Germany – 9.7%
KFW
4.13%, 7/04/17		110,000	EUR		165,451
5.50%, 1/22/18, Series 213		45,000	EUR		71,910
Landwirtschaftliche Rentenbank
3.75%, 2/11/16		135,000	EUR		194,038

Total Germany					431,399
Luxembourg – 9.5%
European Investment Bank
3.63%, 10/15/13		80,000	EUR		106,945
2.88%, 7/15/16		75,000	EUR		105,902
International Bank for Reconstruction & Development
3.88%, 5/20/19		137,000	EUR		209,550

Total Luxembourg					422,397
TOTAL SUPRANATIONAL BONDS (Cost: $1,269,436)					1,271,795
TOTAL INVESTMENTS IN SECURITIES – 97.4% (Cost: $4,249,143)^(a)					4,333,636
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 2.6%					113,763

NET ASSETS – 100.0%				$	4,447,399

Principal amount is reported in U.S. dollars, except for those denoted in the following currency:

EUR – Euro

^(a)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


32		WisdomTree Currency, Fixed Income and Alternative Funds

Schedule of Investments (unaudited)

WisdomTree Global Corporate Bond Fund (GLCB)

February 28, 2013


Investments	Principal Amount		Value

CORPORATE BONDS – 48.5%
United States – 48.5%
AbbVie, Inc., Private Placement
1.75%, 11/06/17^(a)	$	60,000	$	60,818
American International Group, Inc.
5.85%, 1/16/18		110,000		129,689
AT&T, Inc.
5.50%, 2/01/18		90,000		106,463
Bank of America Corp.
3.30%, 1/11/23		250,000		249,722
Caterpillar, Inc.
3.90%, 5/27/21		180,000		199,861
CCO Holdings LLC
6.63%, 1/31/22		30,000		32,625
Citigroup, Inc.
4.50%, 1/14/22		210,000		234,113
Comcast Corp.
3.13%, 7/15/22		110,000		112,988
Daimler Chrysler Group LLC
8.25%, 6/15/21		200,000		222,500
Denbury Resources, Inc.
8.25%, 2/15/20		50,000		56,375
DPL, Inc.
7.25%, 10/15/21		30,000		32,325
Energy Future Intermediate Holding Co. LLC
10.00%, 12/01/20		50,000		57,000
Foresight Energy LLC, Private Placement
9.63%, 8/15/17^(a)		30,000		32,400
Freeport-McMoRan Copper & Gold, Inc.
2.15%, 3/01/17		190,000		192,717
General Electric Capital Corp.
6.88%, 1/10/39		140,000		185,200
Goldman Sachs Group, Inc. (The)
5.75%, 1/24/22		190,000		223,303
Kraft Foods Group, Inc.
5.00%, 6/04/42		50,000		54,792
Kratos Defense & Security Solutions, Inc.
10.00%, 6/01/17		80,000		88,700
Pacific Gas & Electric Co.
6.05%, 3/01/34		120,000		154,455
PepsiCo, Inc.
5.00%, 6/01/18		60,000		71,016
Reynolds Group Issuer, Inc.
9.00%, 4/15/19		100,000		106,500
Ryerson, Inc., Private Placement
9.00%, 10/15/17^(a)		100,000		109,875
Samson Investment Co., Private Placement
9.75%, 2/15/20^(a)		50,000		53,437
Sprint Nextel Corp.
7.00%, 8/15/20		30,000		32,775
Taylor Morrison Communities, Inc., Private Placement
7.75%, 4/15/20^(a)		100,000		108,000
Tenet Healthcare Corp.
8.00%, 8/01/20		50,000		54,750
Time Warner Cable, Inc.
5.85%, 5/01/17		100,000		116,418


Investments	Principal Amount			Value

United Technologies Corp.
3.10%, 6/01/22	$	180,000		$	188,659
Verizon Communications, Inc.
5.50%, 2/15/18		120,000			142,432
Wells Fargo & Co.
2.10%, 5/08/17		210,000			217,177
Zayo Group LLC
8.13%, 1/01/20		30,000			33,675

TOTAL CORPORATE BONDS (Cost: $3,641,936)					3,660,760
FOREIGN CORPORATE BONDS – 47.0%
Australia – 2.5%
BHP Billiton Finance USA Ltd.
1.63%, 2/24/17		110,000			112,336
FMG Resources August 2006 Pty Ltd., Private Placement
6.00%, 4/01/17^(a)		70,000			73,325

Total Australia					185,661
Belgium – 2.3%
Anheuser-Busch InBev Worldwide, Inc. 5.38%, 1/15/20		140,000			169,121
Brazil – 3.0%
Petrobras International Finance Co.
5.38%, 1/27/21		100,000			109,426
Vale Overseas Ltd.
4.38%, 1/11/22		110,000			114,530

Total Brazil					223,956
Canada – 1.5%
Royal Bank of Canada
1.50%, 1/16/18		50,000			50,429
Xstrata Finance Canada Ltd., Private Placement
3.60%, 1/15/17^(a)		60,000			63,246

Total Canada					113,675
Colombia – 1.0%
Ecopetrol S.A. 7.63%, 7/23/19		60,000			75,678
France – 3.2%
Electricite de France S.A.
4.63%, 9/11/24		50,000	EUR		77,292
Pernod-Ricard S.A.
4.45%, 1/15/22		150,000			165,421

Total France					242,713
Germany – 2.9%
E.ON International Finance B.V.
5.50%, 10/02/17		50,000	EUR		77,514
Volkswagen Leasing GmbH
3.25%, 5/10/18		100,000	EUR		143,058

Total Germany					220,572
Hong Kong – 2.9%
Hutchison Whampoa International 12 II Ltd., Private Placement 2.00%, 11/08/17^(a)		220,000			221,508

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			33

Schedule of Investments (unaudited) (concluded)

WisdomTree Global Corporate Bond Fund (GLCB)

February 28, 2013


Investments	Principal Amount			Value

Italy – 4.4%
Intesa Sanpaolo SpA
3.88%, 1/16/18	$	230,000		$	226,205
Wind Acquisition Finance S.A., Private Placement
11.75%, 7/15/17^(a)		100,000			105,750

Total Italy					331,955
Luxembourg – 0.4%
Intelsat Jackson Holdings S.A. 7.25%, 10/15/20		30,000			32,288
Mexico – 3.5%
Cemex Finance LLC
9.50%, 12/14/16		140,000			151,900
Petroleos Mexicanos
5.50%, 1/21/21		100,000			114,800

Total Mexico					266,700
Netherlands – 2.6%
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA 4.75%, 1/15/18		130,000	EUR		196,852
Russia – 4.4%
Gazprom OAO Via Gaz Capital S.A.
4.95%, 5/23/16		200,000			213,000
TNK-BP Finance S.A.
7.25%, 2/02/20		100,000			121,000

Total Russia					334,000
Spain – 2.9%
Nara Cable Funding Ltd., Private Placement 8.88%, 12/01/18^(a)		210,000			220,500
United Kingdom – 9.5%
BP Capital Markets PLC
1.38%, 11/06/17		150,000			150,528
HSBC Bank PLC
3.88%, 10/24/18		160,000	EUR		236,053
Royal Bank of Scotland Group PLC
6.13%, 12/15/22		210,000			221,129
Tesco PLC
6.13%, 2/24/22		60,000	GBP		108,925

Total United Kingdom					716,635
TOTAL FOREIGN CORPORATE BONDS (Cost: $3,565,796)					3,551,814

	Shares
PREFERRED STOCK – 2.5%
United States – 2.5%
GMAC Capital Trust I
8.13%, 2/15/40^(b)
(Cost: 185,992)		6,940			184,188
TOTAL INVESTMENTS IN SECURITIES – 98.0% (Cost: $7,393,724)^(c)					7,396,762
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 2.0%					154,697

NET ASSETS – 100.0%				$	7,551,459

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

EUR – Euro

GBP – British pound

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

^(b)	Rate shown reflects the current rate on securities with variable or step rates.

^(c)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


34		WisdomTree Currency, Fixed Income and Alternative Funds

Schedule of Investments (unaudited)

WisdomTree Global Real Return Fund (RRF) (consolidated)

February 28, 2013


Investments	Principal Amount			Value

U.S. GOVERNMENT OBLIGATIONS – 50.9%
Treasury Bills – 29.4%
U.S. Treasury Bills
0.04%, 3/14/13^*(a)	$	9,000		$	9,000
0.07%, 3/21/13^*		1,000,000			999,962
0.07%, 4/18/13^*		410,000			409,944

Total Treasury Bills					1,418,906
Treasury Bond – 6.1%
U.S. Treasury Inflation Indexed Bond 2.38%, 1/15/25		180,000			294,550

Treasury Notes – 15.4%
U.S. Treasury Inflation Indexed Notes
2.13%, 1/15/19		120,000			156,923
1.38%, 1/15/20		230,000			290,928
1.13%, 1/15/21		240,000			296,811

Total Treasury Notes					744,662
TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost: $2,338,710)					2,458,118
FOREIGN GOVERNMENT OBLIGATIONS – 36.1%
Australia – 4.2%
Australian Index Linked Bond 4.00%, 8/20/20, Series 20CI		102,000	AUD		202,103
Canada – 4.3%
Canadian Government Real Return Index Linked Bond 4.25%, 12/01/26, Series VS05		75,901	CAD		116,526
3.00%, 12/01/36		58,840	CAD		90,066

Total Canada					206,592
France – 4.3%
France Government Index Linked Bond 1.60%, 7/25/15, Series OATe		55,000	EUR		91,097
2.10%, 7/25/23, Series OATi		70,000	EUR		118,812

Total France					209,909
Mexico – 5.1%
Mexican Udibonos
4.00%, 6/13/19		1,278,775	MXN		117,141
4.50%, 12/04/25		1,229,591	MXN		128,007

Total Mexico					245,148
South Africa – 4.7%
Republic of South Africa Index Linked Bond 2.50%, 1/31/17, Series R211		858,385	ZAR		106,438
5.50%, 12/07/23, Series R197		738,383	ZAR		120,609

Total South Africa					227,047
Sweden – 4.4%
Swedish Government Index Linked Bond 4.00%, 12/01/20, Series 3102		840,000	SEK		214,486
Turkey – 4.4%
Turkey Government Index Linked Bond 4.50%, 2/11/15		131,315	TRY		80,564
4.00%, 4/01/20		194,773	TRY		131,516

Total Turkey					212,080

United Kingdom – 4.7%
U.K. Treasury Index Linked Gilt 1.25%, 11/22/27		50,000	GBP	$	123,780
1.25%, 11/22/32		45,000	GBP		102,068

Total United Kingdom					225,848
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost: $1,694,739)					1,743,213
SUPRANATIONAL BOND – 4.3%
Brazil – 4.3%
Morgan Stanley, Inflation Linked, Private Placement 5.40%, 5/15/15^(b)
(Cost: $220,991)		350,000	BRL		207,315
TOTAL INVESTMENTS IN SECURITIES – 91.3% (Cost: $4,254,440)^(c)					4,408,646
Cash, Foreign Currency and Other Assets in Excess of Liabilities – 8.7%					422,738

NET ASSETS – 100.0%				$	4,831,384

Principal amount is reported in U.S. dollars, except for those denoted in the following currencies:

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

EUR – Euro

GBP – British pound

MXN – Mexican peso

SEK – Swedish krona

TRY – Turkish new lira

ZAR – South African rand

^*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	All or a portion of this security is held by the broker as collateral for open futures contracts.

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

^(c)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			35

Schedule of Investments (unaudited)

WisdomTree Managed Futures Strategy Fund (WDTI) (consolidated)

February 28, 2013


Investments	Principal Amount		Value
U.S. GOVERNMENT OBLIGATIONS – 90.3%
Treasury Bills – 90.3%
U.S. Treasury Bills
0.04%, 3/14/13^*(a)	$	1,925,000	$	1,924,955
0.07%, 4/04/13^*		6,700,000		6,699,591
0.11%, 4/18/13^*		91,100,000		91,086,363
TOTAL INVESTMENTS IN SECURITIES – 90.3% (Cost: $99,711,206)^(b)				99,710,909
Cash and Other Assets in Excess of Liabilities – 9.7%				10,672,117

NET ASSETS – 100.0%			$	110,383,026

^*	Interest rate shown reflects the discount rate at time of purchase.

^(a)	All or a portion of this security is held by the broker as collateral for open futures contracts.

^(b)	Aggregate cost for Federal income tax purposes is substantially the same as for book purposes.

See Notes to Financial Statements.


36		WisdomTree Currency, Fixed Income and Alternative Funds

Statements of Assets and Liabilities (unaudited)

WisdomTree Currency, Fixed Income and Alternative Funds

February 28, 2013


	WisdomTree Brazilian Real Fund			WisdomTree Chinese Yuan Fund		WisdomTree Commodity Currency Fund			WisdomTree Emerging Currency Fund			WisdomTree Indian Rupee Fund
ASSETS:

Investments, at cost	$	57,000,965		$	223,021,345	$	23,248,901		$	313,255,552		$	15,048,476

Foreign currency, at cost		—			10,784		—			—			—
Investments in securities, at value (including repurchase agreements of $2,555,074, $20,637,842, $1,500,508, $90,971,358 and $3,802,182, respectively) (Note 2)		57,000,864			223,145,704		23,248,862			313,255,077			15,048,457

Cash		291,792			1,138,438		124,000			1,600,558			103,583

Deposits at broker for forward foreign currency contracts		—			20,000		—			5,250,000			—

Foreign currency, at value		—			10,808		—			—			—

Unrealized appreciation on forward foreign currency contracts		2,080,562			1,411,200		338,309			1,363,497			—

Receivables:

Interest		14			15,847		8			505			21
Total Assets		59,373,232			225,741,997		23,711,179			321,469,637			15,152,061
LIABILITIES:

Unrealized depreciation on forward foreign currency contracts		114,312			40,676		223,838			1,554,505			13,942

Payables:

Investment securities purchased		—			—		—			480,000			—

Capital shares purchased		3,949,325			5,123,952		—			2,112,836			—

Advisory fees (Note 3)		20,465			78,082		10,018			134,387			5,219

Service fees (Note 2)		200			763		80			1,075			51
Total Liabilities		4,084,302			5,243,473		233,936			4,282,803			19,212
NET ASSETS	$	55,288,930		$	220,498,524	$	23,477,243		$	317,186,834		$	15,132,849
NET ASSETS:

Paid-in capital	$	111,541,306		$	216,315,456	$	28,872,222		$	344,687,748		$	17,714,007

Accumulated net investment loss		(304,162	)		—		(158,454	)		(1,209,479	)		(69,403	)

Undistributed net investment income		—			50,091		—			—			—

Accumulated net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions		(57,914,363	)		2,638,048		(5,350,957	)		(26,099,952	)		(2,497,794	)

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		1,966,149			1,494,929		114,432			(191,483	)		(13,961	)
NET ASSETS	$	55,288,930		$	220,498,524	$	23,477,243		$	317,186,834		$	15,132,849
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)		2,800,000			8,600,000		1,100,000			15,000,000			700,000
Net asset value per share	$	19.75		$	25.64	$	21.34		$	21.15		$	21.62

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			37

Statements of Assets and Liabilities (unaudited) (continued)

WisdomTree Currency, Fixed Income and Alternative Funds

February 28, 2013


	WisdomTree Asia Local Debt Fund			WisdomTree Australia & New Zealand Debt Fund			WisdomTree Emerging Markets Corporate Bond Fund			WisdomTree Emerging Markets Local Debt Fund			WisdomTree Euro Debt Fund
ASSETS:

Investments, at cost	$	479,078,913		$	69,974,147		$	139,992,618		$	1,765,524,339		$	4,249,143

Foreign currency, at cost		1,191,008			344,572			—			3,509,582			26,677

Investments in securities, at value (including repurchase agreements of $48,560,789, $0, $0, $50,012,335 and $0, respectively and securities on loan) (Note 2)¹		475,351,103			70,024,514			142,823,775			1,762,510,218			4,333,636

Cash		21,238,673			20,701			706,392			30,298,523			5,049

Deposits at broker for forward foreign currency contracts		990,000			—			—			—			—

Foreign currency, at value		1,192,279			343,120			—			3,510,830			26,237

Unrealized appreciation on forward foreign currency contracts		162,154			—			—			1,576,620			—

Receivables:

Interest		5,046,947			996,324			1,757,616			29,065,721			83,706

Foreign tax reclaims		20,348			—			—			—			—

Capital shares sold		—			—			—			5,289,660			—
Total Assets		504,001,504			71,384,659			145,287,783			1,832,251,572			4,448,628
LIABILITIES:

Unrealized depreciation on forward foreign currency contracts		1,112,488			—			—			394,538			—

Payables:

Collateral for securities on loan (Note 2)		—			—			18,179,610			14,421,148			—

Investment securities purchased		—			—			—			10,991,475			—

Advisory fees (Note 3)		208,735			24,634			56,434			753,387			1,214

Service fees (Note 2)		1,670			241			414			6,027			15
Total Liabilities		1,322,893			24,875			18,236,458			26,566,575			1,229
NET ASSETS	$	502,678,611		$	71,359,784		$	127,051,325		$	1,805,684,997		$	4,447,399
NET ASSETS:

Paid-in capital	$	506,514,425		$	74,927,572		$	123,778,838		$	1,811,807,298		$	4,382,170

Undistributed (Distributions in excess of) net investment income		(501,601	)		14,508			(50,857	)		(1,669,206	)		3,136

Accumulated net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions		1,368,431			(3,615,682	)		492,187			(2,491,549	)		(23,004	)

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		(4,702,644	)		33,386			2,831,157			(1,961,546	)		85,097
NET ASSETS	$	502,678,611		$	71,359,784		$	127,051,325		$	1,805,684,997		$	4,447,399
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)		9,600,000			3,200,000			1,600,002			34,100,000			200,000
Net asset value per share	$	52.36		$	22.30		$	79.41		$	52.95		$	22.24

¹	Market value of securities out on loan were as follows: $0, $0, $17,814,551, $13,255,177 and $0, respectively.

See Notes to Financial Statements.


38		WisdomTree Currency, Fixed Income and Alternative Funds

Statements of Assets and Liabilities (unaudited) (concluded)

WisdomTree Currency, Fixed Income and Alternative Funds

February 28, 2013


	WisdomTree Global Corporate Bond Fund		WisdomTree Global Real Return Fund¹			WisdomTree Managed Futures Strategy Fund¹
ASSETS:

Investments, at cost	$	7,393,724	$	4,254,440		$	99,711,206

Foreign currency, at cost		5,610		560			—

Investments in securities, at value (Note 2)		7,396,762		4,408,646			99,710,909

Cash		47,043		329,816			8,329,647

Deposits at broker for swap contracts		—		110,000			1,800,000

Foreign currency, at value		5,578		557			—

Unrealized appreciation on forward foreign currency contracts		30,799		—			1,739,576

Unrealized appreciation on swap contracts		—		9,183			—

Receivables:

Interest		73,891		14,805			—

Variation margin		—		—			23,491
Total Assets		7,554,073		4,873,007			111,603,623
LIABILITIES:

Unrealized depreciation on swap contracts		—		16,599			887,992

Unrealized depreciation on forward foreign currency contracts		—		—			144,833

Payables:

Swap Contracts		—		21,004			—

Advisory fees (Note 3)		2,589		2,244			81,211

Service fees (Note 2)		25		16			376

Variation margin		—		1,760			106,185
Total Liabilities		2,614		41,623			1,220,597
NET ASSETS	$	7,551,459	$	4,831,384		$	110,383,026
NET ASSETS:

Paid-in capital	$	7,496,431	$	4,702,476		$	125,572,671

Accumulated net investment loss		—		—			(1,606,894	)

Undistributed net investment income		20,422		369			—

Accumulated net realized gain (loss) on investments, swap contracts, futures contracts, forward foreign currency contracts and foreign currency related transactions		1,152		(9,573	)		(14,288,020	)

Net unrealized appreciation on investments, swap contracts, futures contracts, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		33,454		138,112			705,269
NET ASSETS	$	7,551,459	$	4,831,384		$	110,383,026
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)		100,002		100,000			2,700,000
Net asset value per share	$	75.51	$	48.31		$	40.88

¹	Consolidated.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			39

Statements of Operations (unaudited)

WisdomTree Currency, Fixed Income and Alternative Funds

For the Six Months Ended February 28, 2013


	WisdomTree Brazilian Real Fund			WisdomTree Chinese Yuan Fund		WisdomTree Commodity Currency Fund			WisdomTree Emerging Currency Fund			WisdomTree Indian Rupee Fund
INVESTMENT INCOME:

Interest	$	25,026		$	598,397	$	10,769		$	136,987		$	7,986
Total investment income		25,026			598,397		10,769			136,987			7,986
EXPENSES:

Advisory fees (Note 3)		133,504			542,997		66,310			790,035			35,051

Service fees (Note 2)		1,305			5,309		530			6,320			343
Total expenses		134,809			548,306		66,840			796,355			35,394
Net investment income (loss)		(109,783	)		50,091		(56,071	)		(659,368	)		(27,408	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

Net realized gain (loss) from:

Investment transactions		—			765,049		—			170			(138	)

Forward foreign currency contracts and foreign currency related transactions		2,179,295			2,516,721		250,277			12,030,595			1,358,824
Net realized gain		2,179,295			3,281,770		250,277			12,030,765			1,358,686
Net change in unrealized appreciation (depreciation) from:

Investment transactions		(1,975	)		1,465		21			(4,888	)		(36	)

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		822,150			2,673,236		271,098			(475,608	)		(63,700	)
Net change in unrealized appreciation (depreciation)		820,175			2,674,701		271,119			(480,496	)		(63,736	)
Net realized and unrealized gain on investments		2,999,470			5,956,471		521,396			11,550,269			1,294,950
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	2,889,687		$	6,006,562	$	465,325		$	10,890,901		$	1,267,542

See Notes to Financial Statements.


40		WisdomTree Currency, Fixed Income and Alternative Funds

Statements of Operations (unaudited) (continued)

WisdomTree Currency, Fixed Income and Alternative Funds

For the Six Months Ended February 28, 2013


	WisdomTree Asia Local Debt Fund			WisdomTree Australia & New Zealand Debt Fund			WisdomTree Emerging Markets Corporate Bond Fund		WisdomTree Emerging Markets Local Debt Fund			WisdomTree Euro Debt Fund
INVESTMENT INCOME:

Interest¹	$	6,658,132		$	1,065,181		$	2,165,798	$	35,856,497		$	42,097

Securities lending income (Note 2)		—			—			6,310		56,630			—
Total investment income		6,658,132			1,065,181			2,172,108		35,913,127			42,097
EXPENSES:

Advisory fees (Note 3)		1,234,959			124,978			275,861		4,037,005			7,866

Service fees (Note 2)		9,879			1,222			2,023		32,296			99
Total expenses		1,244,838			126,200			277,884		4,069,301			7,965
Net investment income		5,413,294			938,981			1,894,224		31,843,826			34,132
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

Net realized gain (loss) from:

Investment transactions		2,521,923			(2,040	)		492,187		5,816,867			(27,166	)

In-kind redemptions		(872,390	)		—			—		(1,593,438	)		—

Forward foreign currency contracts and foreign currency related transactions		2,155,000			13,988			—		1,076,009			4,162
Net realized gain (loss)		3,804,533			11,948			492,187		5,299,438			(23,004	)
Net change in unrealized appreciation (depreciation) from:

Investment transactions		7,079,867			(1,109,467	)		718,258		43,630,759			174,725

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		(1,427,175	)		(20,682	)		—		474,212			(1,184	)
Net change in unrealized appreciation (depreciation)		5,652,692			(1,130,149	)		718,258		44,104,971			173,541
Net realized and unrealized gain (loss) on investments		9,457,225			(1,118,201	)		1,210,445		49,404,409			150,537
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	14,870,519		$	(179,220	)	$	3,104,669	$	81,248,235		$	184,669

¹	Net of foreign withholding tax of $282,049, $7,719, $0, $912,385 and $0, respectively.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			41

Statements of Operations (unaudited) (concluded)

WisdomTree Currency, Fixed Income and Alternative Funds

For the Six Months Ended February 28, 2013


	WisdomTree Global Corporate Bond Fund¹			WisdomTree Global Real Return Fund²			WisdomTree Managed Futures Strategy Fund²
INVESTMENT INCOME:

Dividends	$	3,524		$	—		$	—

Interest³		19,604			46,429			40,006

Securities lending income (Note 2)		1			—			—
Total investment income		23,129			46,429			40,006
EXPENSES:

Advisory fees (Note 3)		2,979			14,469			601,096

Service fees (Note 2)		26			106			2,784
Total expenses		3,005			14,575			603,880
Expense reimbursements/waivers (Note 3)		(298	)		—			—
Net expenses		2,707			14,575			603,880
Net investment income (loss)		20,422			31,854			(563,874	)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

Net realized gain (loss) from:

Investment transactions		—			12,530			81

Swap contracts		—			(27,493	)		(1,323,077	)

Futures contracts		—			4,736			(771,413	)

Forward foreign currency contracts and foreign currency related transactions		1,152			574			143,402
Net realized gain (loss)		1,152			(9,653	)		(1,951,007	)
Net change in unrealized appreciation (depreciation) from:

Investment transactions		3,038			28,095			(101	)

Swap contracts		—			(15,761	)		(974,065	)

Futures contracts		—			(16,140	)		(934,716	)

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		30,416			(705	)		1,719,763
Net change in unrealized appreciation (depreciation)		33,454			(4,511	)		(189,119	)
Net realized and unrealized gain (loss) on investments		34,606			(14,164	)		(2,140,126	)
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS	$	55,028		$	17,690		$	(2,704,000	)

¹	The Fund commenced operations on January 31, 2013.

²	Consolidated.

³	Net of foreign withholding tax of $0, $5 and $116, respectively.

See Notes to Financial Statements.


42		WisdomTree Currency, Fixed Income and Alternative Funds

Statements of Changes in Net Assets

WisdomTree Currency, Fixed Income and Alternative Funds


	WisdomTree Brazilian Real Fund						WisdomTree Chinese Yuan Fund						WisdomTree Commodity Currency Fund
	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

Net investment income (loss)	$	(109,783	)	$	(450,950	)	$	50,091		$	(920,872	)	$	(56,071	)	$	(195,386	)

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions		2,179,295			(65,202,439	)		3,281,770			7,128,056			250,277			(4,293,548	)

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		820,175			6,206,104			2,674,701			(7,300,448	)		271,119			(1,601,460	)
Net increase (decrease) in net assets resulting from operations		2,889,687			(59,447,285	)		6,006,562			(1,093,264	)		465,325			(6,090,394	)
DISTRIBUTIONS:
Capital gains		—			(25,195,148	)		(1,872,010	)		(10,040,030	)		—			(9,617,534	)
CAPITAL SHARE TRANSACTIONS:

Net proceeds from sale of shares		—			4,311,095			—			35,880,965			—			2,764,841

Cost of shares redeemed		(11,542,540	)		(336,980,034	)		(51,018,595	)		(325,247,645	)		(2,104,555	)		(42,500,144	)
Net decrease in net assets resulting from capital share transactions		(11,542,540	)		(332,668,939	)		(51,018,595	)		(289,366,680	)		(2,104,555	)		(39,735,303	)
Net Decrease in Net Assets		(8,652,853	)		(417,311,372	)		(46,884,043	)		(300,499,974	)		(1,639,230	)		(55,443,231	)
NET ASSETS:

Beginning of period	$	63,941,783		$	481,253,155		$	267,382,567		$	567,882,541		$	25,116,473		$	80,559,704

End of period	$	55,288,930		$	63,941,783		$	220,498,524		$	267,382,567		$	23,477,243		$	25,116,473
Accumulated net investment loss included in net assets at end of period	$	(304,162	)	$	(194,379	)	$	—		$	—		$	(158,454	)	$	(102,383	)

Undistributed net investment income included in net assets at end of period	$	—		$	—		$	50,091		$	—		$	—		$	—
SHARES CREATED AND REDEEMED:

Shares outstanding, beginning of period		3,400,000			16,600,000			10,600,000			22,000,000			1,200,000			2,900,004

Shares created		—			200,000			—			1,400,000			—			100,000

Shares redeemed		(600,000	)		(13,400,000	)		(2,000,000	)		(12,800,000	)		(100,000	)		(1,800,004	)
Shares outstanding, end of period		2,800,000			3,400,000			8,600,000			10,600,000			1,100,000			1,200,000

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			43

Statements of Changes in Net Assets (continued)

WisdomTree Currency, Fixed Income and Alternative Funds


	WisdomTree Emerging Currency Fund						WisdomTree Indian Rupee Fund						WisdomTree Asia Local Debt Fund
	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

Net investment income (loss)	$	(659,368	)	$	(1,644,529	)	$	(27,408	)	$	(68,208	)	$	5,413,294		$	10,815,908

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions		12,030,765			(47,039,558	)		1,358,686			(3,856,466	)		3,804,533			(6,431,727	)

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		(480,496	)		13,138,967			(63,736	)		962,627			5,652,692			(29,030,849	)
Net increase (decrease) in net assets resulting from operations		10,890,901			(35,545,120	)		1,267,542			(2,962,047	)		14,870,519			(24,646,668	)
DIVIDENDS AND DISTRIBUTIONS:

Net investment income		—			—			—			—			(6,541,858	)		(5,252,991	)

Capital gains		—			(18,712,971	)		—			(2,624,184	)		(2,461,230	)		—
Total dividends and distributions		—			(18,712,971	)		—			(2,624,184	)		(9,003,088	)		(5,252,991	)
CAPITAL SHARE TRANSACTIONS:

Net proceeds from sale of shares		54,881,030			44,287,261			—			6,835,909			84,424,393			63,870,347

Cost of shares redeemed		(23,106,324	)		(300,918,511	)		(4,407,772	)		(7,080,979	)		(10,484,271	)		(271,185,914	)
Net increase (decrease) in net assets resulting from capital share transactions		31,774,706			(256,631,250	)		(4,407,772	)		(245,070	)		73,940,122			(207,315,567	)
Net Increase (Decrease) in Net Assets		42,665,607			(310,889,341	)		(3,140,230	)		(5,831,301	)		79,807,553			(237,215,226	)
NET ASSETS:

Beginning of period	$	274,521,227		$	585,410,568		$	18,273,079		$	24,104,380		$	422,871,058		$	660,086,284

End of period	$	317,186,834		$	274,521,227		$	15,132,849		$	18,273,079		$	502,678,611		$	422,871,058
Accumulated net investment loss included in net assets at end of period	$	(1,209,479	)	$	(550,111	)	$	(69,403	)	$	(41,995	)	$	—		$	—
Undistributed (Distributions in excess of) net investment income included in net assets at end of period	$	—		$	—		$	—		$	—		$	(501,601	)	$	626,963
SHARES CREATED AND REDEEMED:

Shares outstanding, beginning of period		13,500,000			25,600,000			900,000			900,000			8,200,000			12,400,002

Shares created		2,600,000			2,100,000			—			300,000			1,600,000			1,200,000

Shares redeemed		(1,100,000	)		(14,200,000	)		(200,000	)		(300,000	)		(200,000	)		(5,400,002	)
Shares outstanding, end of period		15,000,000			13,500,000			700,000			900,000			9,600,000			8,200,000

See Notes to Financial Statements.


44		WisdomTree Currency, Fixed Income and Alternative Funds

Statements of Changes in Net Assets (continued)

WisdomTree Currency, Fixed Income and Alternative Funds


	WisdomTree Australia & New Zealand Debt Fund						WisdomTree Emerging Markets Corporate Bond Fund						WisdomTree Emerging Markets Local Debt Fund						WisdomTree Euro Debt Fund
	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Six Months Ended February 28, 2013 (unaudited)			For the Period March 8, 2012* through August 31, 2012			For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012¹
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

Net investment income	$	938,981		$	1,025,474		$	1,894,224		$	1,286,423		$	31,843,826		$	56,316,074		$	34,132		$	76,508

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions		11,948			(2,060,374	)		492,187			—			5,299,438			(20,572,567	)		(23,004	)		(284,034	)

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies		(1,130,149	)		(411,047	)		718,258			2,112,899			44,104,971			(83,736,883	)		173,541			(86,338	)
Net increase (decrease) in net assets resulting from operations		(179,220	)		(1,445,947	)		3,104,669			3,399,322			81,248,235			(47,993,376	)		184,669			(293,864	)
DIVIDENDS AND DISTRIBUTIONS:

Net investment income		(943,296	)		(1,008,547	)		(1,975,983	)		(1,255,521	)		(34,740,656	)		(41,647,949	)		(30,996	)		(98,414	)

Capital gains		—			(3,657,564	)		—			—			(4,207,599	)		(1,076,270	)		(39,094	)		—
Total dividends and distributions		(943,296	)		(4,666,111	)		(1,975,983	)		(1,255,521	)		(38,948,255	)		(42,724,219	)		(70,090	)		(98,414	)
CAPITAL SHARE TRANSACTIONS:

Net proceeds from sale of shares		27,402,899			20,079,540			63,819,328			59,959,360			576,968,682			230,110,323			—			2,156,571

Cost of shares redeemed		—			(21,502,070	)		—			—			(10,667,478	)		(358,014,383	)		(2,153,464	)		(524,146	)
Net increase (decrease) in net assets resulting from capital share transactions		27,402,899			(1,422,530	)		63,819,328			59,959,360			566,301,204			(127,904,060	)		(2,153,464	)		1,632,425
Net Increase (Decrease) in Net Assets		26,280,383			(7,534,588	)		64,948,014			62,103,161			608,601,184			(218,621,655	)		(2,038,885	)		1,240,147
NET ASSETS:

Beginning of period	$	45,079,401		$	52,613,989		$	62,103,311		$	150		$	1,197,083,813		$	1,415,705,468		$	6,486,284		$	5,246,137

End of period	$	71,359,784		$	45,079,401		$	127,051,325		$	62,103,311		$	1,805,684,997		$	1,197,083,813		$	4,447,399		$	6,486,284
Undistributed (Distributions in excess of) net investment income included in net assets at end of period	$	14,508		$	18,823		$	(50,857	)	$	30,902		$	(1,669,206	)	$	1,227,624		$	3,136		$	—
SHARES CREATED AND REDEEMED:

Shares outstanding, beginning of period		2,000,000			2,000,000			800,002			2			23,400,000			26,300,002			300,000			225,000

Shares created		1,200,000			900,000			800,000			800,000			10,900,000			4,400,000			—			100,000

Shares redeemed		—			(900,000	)		—			—			(200,000	)		(7,300,002	)		(100,000	)		(25,000	)
Shares outstanding, end of period		3,200,000			2,000,000			1,600,002			800,002			34,100,000			23,400,000			200,000			300,000

*	Commencement of operations.

¹	This information reflects the investment objective and strategy of the WisdomTree Euro Fund through October 18, 2011 and the investment objective of the WisdomTree Euro Debt Fund thereafter.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			45

Statements of Changes in Net Assets (concluded)

WisdomTree Currency, Fixed Income and Alternative Funds


	WisdomTree Global Corporate Bond Fund		WisdomTree Global Real Return Fund¹						WisdomTree Managed Futures Strategy Fund¹
	For the Period January 31, 2013* through February 28, 2013 (unaudited)		For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012
INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

Net investment income (loss)	$	20,422	$	31,854		$	79,289		$	(563,874	)	$	(2,047,491	)

Net realized gain (loss) on investments, forward foreign currency contracts, swap contracts, futures contracts and foreign currency related transactions		1,152		(9,653	)		(257,260	)		(1,951,007	)		(35,644,324	)

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts, swap contracts, futures contracts and translation of assets and liabilities denominated in foreign currencies		33,454		(4,511	)		47,134			(189,119	)		(3,147,533	)
Net increase (decrease) in net assets resulting from operations		55,028		17,690			(130,837	)		(2,704,000	)		(40,839,348	)
DIVIDENDS AND DISTRIBUTIONS:

Net investment income		—		(54,497	)		(62,328	)		—			—

Capital gains		—		—			(4,620	)		—			(4,681,860	)
Total dividends and distributions		—		(54,497	)		(66,948	)		—			(4,681,860	)
CAPITAL SHARE TRANSACTIONS:

Net proceeds from sale of shares		7,496,281		—			—			—			97,249,988

Cost of shares redeemed		—		—			(96	)		(36,201,468	)		(131,992,847	)
Net increase (decrease) in net assets resulting from capital share transactions		7,496,281		—			(96	)		(36,201,468	)		(34,742,859	)
Net Increase (Decrease) in Net Assets		7,551,309		(36,807	)		(197,881	)		(38,905,468	)		(80,264,067	)
NET ASSETS:

Beginning of period	$	150	$	4,868,191		$	5,066,072		$	149,288,494		$	229,552,561

End of period	$	7,551,459	$	4,831,384		$	4,868,191		$	110,383,026		$	149,288,494
Accumulated net investment loss included in net assets at end of period	$	—	$	—		$	—		$	(1,606,894	)	$	(1,043,020	)
Undistributed (Distributions in excess of) net investment income included in net assets at end of period	$	20,422	$	369		$	23,012		$	—		$	—
SHARES CREATED AND REDEEMED:

Shares outstanding, beginning of period		2		100,000			100,002			3,600,000			4,600,002

Shares created		100,000		—			—			—			2,100,000

Shares redeemed		—		—			(2	)		(900,000	)		(3,100,002	)
Shares outstanding, end of period		100,002		100,000			100,000			2,700,000			3,600,000

*	Commencement of operations.

¹	Consolidated.

See Notes to Financial Statements.


46		WisdomTree Currency, Fixed Income and Alternative Funds

Financial Highlights

WisdomTree Currency, Fixed Income and Alternative Funds

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


WisdomTree Brazilian Real Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Year Ended August 31, 2011			For the Year Ended August 31, 2010			For the Year Ended August 31, 2009			For the Period May 14, 2008* through August 31, 2008
Net asset value, beginning of period	$	18.81		$	28.99		$	27.65		$	24.47		$	26.47		$	25.19
Investment operations:
Net investment income (loss)¹		(0.03	)		(0.09	)		(0.10	)		(0.07	)		0.04			0.15
Net realized and unrealized gain (loss)		0.97			(4.36	)		4.68			3.53			(1.34	)		1.13
Total from investment operations		0.94			(4.45	)		4.58			3.46			(1.30	)		1.28
Dividends and distributions to shareholders:
Net investment income		—			—			—			(0.02	)		(0.17	)		—
Capital gains		—			(5.73	)		(3.24	)		(0.26	)		(0.53	)		—
Total dividends and distributions to shareholders		—			(5.73	)		(3.24	)		(0.28	)		(0.70	)		—
Net asset value, end of period	$	19.75		$	18.81		$	28.99		$	27.65		$	24.47		$	26.47

TOTAL RETURN²		5.00	%		(16.14	)%		17.98	%		14.24	%		(3.92	)%		5.08	%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	55,289		$	63,942		$	481,253		$	221,177		$	112,573		$	121,740
Ratios to average net assets of:
Net expenses		0.45	%³		0.45	%		0.45	%		0.45	%		0.45	%		0.45	%³
Net investment income (loss)		(0.37	)%³		(0.38	)%		(0.36	)%		(0.28	)%		0.19	%		1.99	%³
Portfolio turnover rate⁴		N/A⁵			N/A⁵			0	%		0	%		0	%		N/A⁵



WisdomTree Chinese Yuan Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Year Ended August 31, 2011			For the Year Ended August 31, 2010			For the Year Ended August 31, 2009			For the Period May 14, 2008* through August 31, 2008
Net asset value, beginning of period	$	25.22		$	25.81		$	24.84		$	25.31		$	25.39		$	24.87
Investment operations:
Net investment income (loss)¹		0.01			(0.06	)		(0.09	)		(0.07	)		0.08			0.14
Net realized and unrealized gain (loss)		0.61			0.02			1.21			(0.40	)		0.32			0.38
Total from investment operations		0.62			(0.04	)		1.12			(0.47	)		0.40			0.52
Dividends and distributions to shareholders:
Net investment income		—			—			—			—			(0.48	)		—
Capital gains		(0.20	)		(0.55	)		(0.15	)		—			—			—
Total dividends and distributions to shareholders		(0.20	)		(0.55	)		(0.15	)		—			(0.48	)		—
Net asset value, end of period	$	25.64		$	25.22		$	25.81		$	24.84		$	25.31		$	25.39

TOTAL RETURN²		2.46	%		(0.15	)%		4.50	%		(1.86	)%		1.58	%		2.09	%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	220,499		$	267,383		$	567,883		$	586,278		$	136,660		$	284,393
Ratios to average net assets of:
Net expenses		0.45	%³		0.45	%		0.45	%		0.45	%		0.45	%		0.45	%³
Net investment income (loss)		0.04	%³		(0.22	)%		(0.34	)%		(0.28	)%		(0.36	)%		2.04	%³
Portfolio turnover rate⁴		0	%		0	%		0	%		8	%		0	%		N/A⁵

*	Commencement of investment operations.

¹	Based on average shares outstanding.

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	The Fund invested in short-term securities with maturities less than or equal to 365 days. SEC rules exclude such securities from portfolio turnover calculations.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			47

Financial Highlights (continued)

WisdomTree Currency, Fixed Income and Alternative Funds

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


WisdomTree Commodity Currency Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Period September 24, 2010* through August 31, 2011
Net asset value, beginning of period	$	20.93		$	27.78		$	25.10
Investment operations:
Net investment loss¹		(0.05	)		(0.11	)		(0.13	)
Net realized and unrealized gain (loss)		0.46			(1.68	)		2.90
Total from investment operations		0.41			(1.79	)		2.77
Dividends and distributions to shareholders:
Capital gains		—			(5.06	)		(0.09	)
Net asset value, end of period	$	21.34		$	20.93		$	27.78

TOTAL RETURN²		1.96	%		(5.75	)%		11.06	%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	23,477		$	25,116		$	80,560
Ratios to average net assets of:
Net expenses		0.55	%³		0.55	%		0.55	%³
Net investment loss		(0.47	)%³		(0.48	)%		(0.46	)%³
Portfolio turnover rate⁴		N/A⁵			N/A⁵			N/A⁵



WisdomTree Emerging Currency Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Year Ended August 31, 2011			For the Year Ended August 31, 2010			For the Period May 6, 2009* through August 31, 2009
Net asset value, beginning of period	$	20.33		$	22.87		$	21.89		$	21.22		$	19.98
Investment operations:
Net investment loss¹		(0.05	)		(0.10	)		(0.10	)		(0.09	)		(0.02	)
Net realized and unrealized gain (loss)		0.87			(1.38	)		1.92			0.94			1.26
Total from investment operations		0.82			(1.48	)		1.82			0.85			1.24
Dividends and distributions to shareholders:
Capital gains		—			(1.06	)		(0.84	)		(0.18	)		—
Net asset value, end of period	$	21.15		$	20.33		$	22.87		$	21.89		$	21.22

TOTAL RETURN²		4.03	%		(6.36	)%		8.44	%		4.01	%		6.21	%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	317,187		$	274,521		$	585,411		$	337,106		$	38,200
Ratios to average net assets of:
Net expenses		0.55	%³		0.55	%		0.55	%		0.55	%		0.55	%³
Net investment loss		(0.46	)%³		(0.47	)%		(0.46	)%		(0.39	)%		(0.33	)%³
Portfolio turnover rate⁴		N/A⁵			N/A⁵			0	%		0	%		0	%

*	Commencement of investment operations.

¹	Based on average shares outstanding.

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	The Fund invested in short-term securities with maturities less than or equal to 365 days. SEC rules exclude such securities from portfolio turnover calculations.

See Notes to Financial Statements.


48		WisdomTree Currency, Fixed Income and Alternative Funds

Financial Highlights (continued)

WisdomTree Currency, Fixed Income and Alternative Funds

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


WisdomTree Indian Rupee Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Year Ended August 31, 2011			For the Year Ended August 31, 2010			For the Year Ended August 31, 2009			For the Period May 14, 2008* through August 31, 2008
Net asset value, beginning of period	$	20.30		$	26.78		$	25.10		$	23.79		$	24.47		$	24.69
Investment operations:
Net investment income (loss)¹		(0.04	)		(0.08	)		(0.09	)		(0.08	)		0.02			0.15
Net realized and unrealized gain (loss)		1.36			(3.12	)		2.06			1.39			(0.51	)		(0.37	)
Total from investment operations		1.32			(3.20	)		1.97			1.31			(0.49	)		(0.22	)
Dividends and distributions to shareholders:
Net investment income		—			—			—			—			(0.19	)		—
Capital gains		—			(3.28	)		(0.29	)		—			—			—
Total dividends and distributions to shareholders		—			(3.28	)		(0.29	)		—			(0.19	)		—
Net asset value, end of period	$	21.62		$	20.30		$	26.78		$	25.10		$	23.79		$	24.47

TOTAL RETURN²		6.50	%		(11.93	)%		7.86	%		5.51	%		(1.97	)%		(0.89	)%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	15,133		$	18,273		$	24,104		$	22,586		$	11,893		$	9,789
Ratios to average net assets of:
Net expenses		0.45	%³		0.45	%		0.45	%		0.45	%		0.45	%		0.45	%³
Net investment income (loss)		(0.35	)%³		(0.37	)%		(0.34	)%		(0.29	)%		0.09	%		1.93	%³
Portfolio turnover rate⁴		N/A⁵			N/A⁵			0	%		0	%		0	%		N/A⁵



WisdomTree Asia Local Debt Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Period March 17, 2011* through August 31, 2011
Net asset value, beginning of period	$	51.57		$	53.23		$	49.85
Investment operations:
Net investment income¹		0.63			1.29			0.60
Net realized and unrealized gain (loss)		1.20			(2.37	)		3.21
Total from investment operations		1.83			(1.08	)		3.81
Dividends and distributions to shareholders:
Net investment income		(0.76	)		(0.58	)		(0.43	)
Capital gains		(0.28	)		—			—
Total dividends and distributions to shareholders		(1.04	)		(0.58	)		(0.43	)
Net asset value, end of period	$	52.36		$	51.57		$	53.23

TOTAL RETURN²		3.56	%		(2.00	)%		7.66	%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	502,679		$	422,871		$	660,086
Ratios to average net assets of:
Net expenses		0.55	%³		0.55	%		0.55	%³
Net investment income		2.41	%³		2.51	%		2.52	%³
Portfolio turnover rate⁴		32	%		62	%		0	%

*	Commencement of investment operations.

¹	Based on average shares outstanding.

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	The Fund invested in short-term securities with maturities less than or equal to 365 days. SEC rules exclude such securities from portfolio turnover calculations.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			49

Financial Highlights (continued)

WisdomTree Currency, Fixed Income and Alternative Funds

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


WisdomTree Australia & New Zealand Debt Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012¹			For the Year Ended August 31, 2011			For the Year Ended August 31, 2010			For the Year Ended August 31, 2009			For the Period June 25, 2008* through August 31, 2008
Net asset value, beginning of period	$	22.54		$	26.31		$	22.24		$	23.68		$	23.53		$	24.93
Investment operations:
Net investment income (loss)²		0.38			0.67			(0.08	)		(0.07	)		(0.02	)		0.09
Net realized and unrealized gain (loss)		(0.25	)		(0.70	)		5.40			1.08			0.30			(1.49	)
Total from investment operations		0.13			(0.03	)		5.32			1.01			0.28			(1.40	)
Dividends and distributions to shareholders:
Net investment income		(0.37	)		(0.69	)		—			—			(0.13	)		—
Capital gains		—			(3.05	)		(1.25	)		(2.45	)		—			—
Total dividends and distributions to shareholders		(0.37	)		(3.74	)		(1.25	)		(2.45	)		(0.13	)		—
Net asset value, end of period	$	22.30		$	22.54		$	26.31		$	22.24		$	23.68		$	23.53

TOTAL RETURN³		0.58	%		0.76	%		24.85	%		4.32	%		1.30	%		(5.62	)%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	71,360		$	45,079		$	52,614		$	17,790		$	9,471		$	2,353
Ratios to average net assets of:
Net expenses		0.45	%⁴		0.45	%		0.45	%		0.45	%		0.45	%		0.45	%⁴
Net investment income (loss)		3.38	%⁴		2.99	%		(0.35	)%		(0.30	)%		(0.11	)%		1.96	%⁴
Portfolio turnover rate⁵		3	%		9	%		0	%		0	%		0	%		N/A⁶



WisdomTree Emerging Markets Corporate Bond Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Period March 8, 2012* through August 31, 2012
Net asset value, beginning of period	$	77.63		$	75.03
Investment operations:
Net investment income²		1.62			1.63
Net realized and unrealized gain (loss)		1.82			2.54
Total from investment operations		3.44			4.17
Dividends to shareholders:
Net investment income		(1.66	)		(1.57	)
Net asset value, end of period	$	79.41		$	77.63

TOTAL RETURN³		4.44	%		5.64	%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	127,051		$	62,103
Ratios to average net assets of:
Net expenses		0.60	%⁴		0.60	%⁴
Net investment income		4.12	%⁴		4.47	%⁴
Portfolio turnover rate⁵		20	%		0	%

*	Commencement of investment operations.

¹	This information reflects the investment objective and strategy of the WisdomTree New Zealand Dollar Fund through October 24, 2011 and the investment objective of the WisdomTree Australia & New Zealand Debt Fund thereafter.

²	Based on average shares outstanding.

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	The Fund invested in short-term securities with maturities less than or equal to 365 days. SEC rules excludes such securities from portfolio turnover calculations.

See Notes to Financial Statements.


50		WisdomTree Currency, Fixed Income and Alternative Funds

Financial Highlights (continued)

WisdomTree Currency, Fixed Income and Alternative Funds

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


WisdomTree Emerging Markets Local Debt Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Year Ended August 31, 2011			For the Period August 9, 2010* through August 31, 2010
Net asset value, beginning of period	$	51.16		$	53.83		$	50.08		$	50.23
Investment operations:
Net investment income²		1.13			2.41			2.40			0.10
Net realized and unrealized gain (loss)		2.03			(3.26	)		3.79			(0.25	)
Total from investment operations		3.16			(0.85	)		6.19			(0.15	)
Dividends and distributions to shareholders:
Net investment income		(1.22	)		(1.77	)		(2.44	)		—
Capital gains		(0.15	)		(0.05	)		—			—
Total dividends and distributions to shareholders		(1.37	)		(1.82	)		(2.44	)		—
Net asset value, end of period	$	52.95		$	51.16		$	53.83		$	50.08

TOTAL RETURN³		6.23	%		(1.45	)%		12.64	%		(0.30	)%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	1,805,685		$	1,197,084		$	1,415,705		$	195,319
Ratios to average net assets of:
Net expenses		0.55	%⁴		0.55	%		0.55	%		0.55	%⁴
Net investment income		4.34	%⁴		4.76	%		4.65	%		3.31	%⁴
Portfolio turnover rate⁵		25	%		43	%		30	%		0	%



WisdomTree Euro Debt Fund	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012¹			For the Year Ended August 31, 2011			For the Year Ended August 31, 2010			For the Year Ended August 31, 2009			For the Period May 14, 2008* through August 31, 2008
Net asset value, beginning of period	$	21.62		$	23.32		$	20.54		$	23.19		$	24.07		$	25.04
Investment operations:
Net investment income (loss)²		0.17			0.35			0.05			(0.01	)		0.35			0.29
Net realized and unrealized gain (loss)		0.80			(1.61	)		2.73			(2.64	)		(0.63	)		(1.26	)
Total from investment operations		0.97			(1.26	)		2.78			(2.65	)		(0.28	)		(0.97	)
Dividends and distributions to shareholders:
Net investment income		(0.15	)		(0.44	)		—			—			(0.60	)		—
Capital gains		(0.20	)		—			—			—			—			—
Total dividends and distributions to shareholders		(0.35	)		(0.44	)		—			—			(0.60	)		—
Net asset value, end of period	$	22.24		$	21.62		$	23.32		$	20.54		$	23.19		$	24.07

TOTAL RETURN³		4.48	%		(5.37	)%		13.53	%		(11.43	)%		(1.13	)%		(3.87	)%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	4,447		$	6,486		$	5,246		$	12,836		$	9,857		$	19,256
Ratios to average net assets of:
Net expenses		0.35	%⁴		0.35	%		0.35	%		0.35	%		0.35	%		0.35	%⁴
Net investment income (loss)		1.52	%⁴		1.63	%		0.21	%		(0.03	)%		1.61	%		3.73	%⁴
Portfolio turnover rate⁵		2	%		26	%		N/A⁶			N/A⁶			N/A⁶			N/A⁶

*	Commencement of investment operations.

¹	This information reflects the investment objective and strategy of the Wisdom Tree Euro Fund through October 18, 2011 and the investment objective of the WisdomTree Euro Debt Fund thereafter.

²	Based on average shares outstanding.

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	The Fund invested in short-term securities with maturities less than or equal to 365 days. SEC rules excludes such securities from portfolio turnover calculations.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			51

Financial Highlights (continued)

WisdomTree Currency, Fixed Income and Alternative Funds

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


WisdomTree Global Corporate Bond Fund	For the Period January 31, 2013* through February 28, 2013 (unaudited)
Net asset value, beginning of period	$	74.76
Investment operations:
Net investment income¹		0.20
Net realized and unrealized gain		0.55
Total from investment operations		0.75
Net asset value, end of period	$	75.51

TOTAL RETURN²		1.00	%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	7,551
Ratios to average net assets of:
Expenses, net of expense reimbursements/waivers		0.45	%³
Expenses, prior to expense reimbursements/waivers		0.50	%³
Net investment income		3.43	%³
Portfolio turnover rate⁴		0	%



WisdomTree Global Real Return Fund (consolidated)	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Period July 14, 2011* through August 31, 2011
Net asset value, beginning of period	$	48.68		$	50.66		$	49.99
Investment operations:
Net investment income¹		0.32			0.79			0.05
Net realized and unrealized gain (loss)		(0.15	)		(2.10	)		0.62
Total from investment operations		0.17			(1.31	)		0.67
Dividends and distributions to shareholders:
Net investment income		(0.54	)		(0.62	)		—
Capital gains		—			(0.05	)		—
Total dividends and distributions to shareholders		(0.54	)		(0.67	)		—
Net asset value, end of period	$	48.31		$	48.68		$	50.66

TOTAL RETURN²		0.36	%		(2.54	)%		1.34	%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	4,831		$	4,868		$	5,066
Ratios to average net assets of:
Net expenses		0.60	%³		0.60	%		0.60	%³
Net investment income		1.32	%³		1.65	%		0.68	%³
Portfolio turnover rate⁴		1	%		3	%		0	%⁵

*	Commencement of investment operations.

¹	Based on average shares outstanding.

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. For the WisdomTree Global Corporate Bond Fund, the total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2 and 3).

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.


52		WisdomTree Currency, Fixed Income and Alternative Funds

Financial Highlights (concluded)

WisdomTree Currency, Fixed Income and Alternative Funds

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


WisdomTree Managed Futures Strategy Fund (consolidated)	For the Six Months Ended February 28, 2013 (unaudited)			For the Year Ended August 31, 2012			For the Period January 5, 2011* through August 31, 2011
Net asset value, beginning of period	$	41.47		$	49.90		$	50.18
Investment operations:
Net investment loss¹		(0.18	)		(0.40	)		(0.27	)
Net realized and unrealized loss		(0.41	)		(7.25	)		(0.01	)
Total from investment operations		(0.59	)		(7.65	)		(0.28	)
Dividends and distributions to shareholders:
Capital gains		—			(0.78	)		—
Net asset value, end of period	$	40.88		$	41.47		$	49.90

TOTAL RETURN²		(1.42	)%		(15.47	)%		(0.56	)%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)	$	110,383		$	149,288		$	229,553
Ratios to average net assets of:
Net expenses		0.95	%³		0.95	%		0.95	%³
Net investment loss		(0.89	)%³		(0.91	)%		(0.91	)%³
Portfolio turnover rate⁴		N/A⁵			N/A⁵			0	%

*	Commencement of investment operations.

¹	Based on average shares outstanding.

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	The Fund invested in short-term securities with maturities less than or equal to 365 days. SEC rules excludes such securities from portfolio turnover calculations.

See Notes to Financial Statements.


WisdomTree Currency, Fixed Income and Alternative Funds			53

Notes to Financial Statements (unaudited)

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust pursuant to a Trust Instrument dated December 15, 2005. As of February 28, 2013, the Trust offered 47 investment funds (each a “Fund”, collectively the “Funds”). These notes relate only to Funds listed in the table below:


Fund		Commencement of Operations
WisdomTree Brazilian Real Fund (“Brazilian Real Fund”) (formerly, WisdomTree Dreyfus Brazilian Real Fund)		May 14, 2008
WisdomTree Chinese Yuan Fund (“Chinese Yuan Fund”) (formerly, WisdomTree Dreyfus Chinese Yuan Fund)		May 14, 2008
WisdomTree Commodity Currency Fund (“Commodity Currency Fund”) (formerly, WisdomTree Dreyfus Commodity Currency Fund)		September 24, 2010
WisdomTree Emerging Currency Fund (“Emerging Currency Fund”) (formerly, WisdomTree Dreyfus Emerging Currency Fund)		May 6, 2009
WisdomTree Indian Rupee Fund (“Indian Rupee Fund”) (formerly, WisdomTree Dreyfus Indian Rupee Fund)		May 14, 2008
WisdomTree Asia Local Debt Fund (“Asia Local Debt Fund”)		March 17, 2011
WisdomTree Australia & New Zealand Debt Fund (“Australia & New Zealand Debt Fund”)		June 25, 2008
WisdomTree Emerging Markets Corporate Bond Fund (“Emerging Markets Corporate Bond Fund”)		March 8, 2012
WisdomTree Emerging Markets Local Debt Fund (“Emerging Markets Local Debt Fund”)		August 9, 2010
WisdomTree Euro Debt Fund (“Euro Debt Fund”)		May 14, 2008
WisdomTree Global Corporate Bond Fund (“Global Corporate Bond Fund”)		January 31, 2013
WisdomTree Global Real Return Fund (“Global Real Return Fund”) (consolidated)		July 14, 2011
WisdomTree Managed Futures Strategy Fund (“Managed Futures Strategy Fund”) (consolidated)		January 5, 2011

Consolidation of Subsidiaries

The financial statements of the Managed Futures Strategy Fund and Global Real Return Fund are consolidated and each includes the accounts of a wholly-owned and controlled Cayman Islands subsidiary (each, a “Subsidiary,” together, the “Subsidiaries”). For the Managed Futures Strategy Fund and Global Real Return Fund, the accompanying financial statements reflect the financial position and results of operations of each Fund on a consolidated basis with its respective Subsidiary. All intercompany accounts and transactions have been eliminated in consolidation. Each Fund seeks to gain exposure to commodity markets, in whole or in part, through investments in its Subsidiary. Each Fund’s investment in its Subsidiary may not exceed 25% of the Fund’s total assets at the end of each fiscal quarter.

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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. Therefore, no liabilities have been recorded in connection with these indemnifications.

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. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees. Fixed income securities generally are valued at current market quotations or mean prices obtained from dealers or independent pricing services. Dealers or independent pricing services, in determining the value of securities may consider such factors as recent transactions, indications from dealers, yields and prices on similar securities, and market sentiment for the type of security. U.S. fixed income assets may be valued as of the announced closing


54		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)

time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Forward foreign currency contracts generally are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time for Europe and the Americas, and Tullett Prebon closing spot and forward rates as of 2:00 p.m. Singapore time for Asia. Futures contracts generally are valued at the settlement price on the primary exchange on which they trade. Swap contracts are generally marked to market daily based upon values from third party vendors or quotations from market makers to the extent available. Short-term debt securities with remaining maturities of 60 days or less generally are valued on the basis of amortized cost 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 and derivatives will be valued in accordance with the Fund’s pricing policy and procedures approved by the Board of Trustees. In addition, securities may be valued using fair value pricing and may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities. Each Fund may invest in money market funds which are valued at such money market fund’s NAV per share.

Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classifications of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)

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 NAV 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 valuation techniques and significant inputs used in determining the fair market values of financial instruments are as follows:

Financial instruments are valued by pricing service providers that use broker dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the service providers’ internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. Short-term investments having a maturity of 60 days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. Over-the-counter financial derivative instruments, such as forward foreign currency contracts or swaps agreements, derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker dealer quotations or pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative contracts can be estimated by a pricing service provider using a series of techniques, including simulation pricing


WisdomTree Currency, Fixed Income and Alternative Funds			55

Notes to Financial Statements (unaudited) (continued)

models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, curves, dividends and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

WisdomTree Asset Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust, has established a fair valuation committee (the “Valuation Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, the Valuation Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Determination of this value may include significant unobservable inputs and therefore would be reflected as Level 3 of the fair value hierarchy. The Valuation Committee may employ a market-based valuation approach which may use related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Valuation Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Valuation Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events.

Also, when observable inputs become available, the Valuation Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

There were no Level 3 securities during the six months ended February 28, 2013.

No transfers between Level 1 and Level 2 fair value measurements occurred during the six months ended February 28, 2013.

The following is a summary of the fair valuations according to the inputs used as of February 28, 2013 in valuing each Fund’s assets:


Brazilian Real Fund	Level 1		Level 2			Level 3
Repurchase Agreement	$	—	$	2,555,074		$	—
U.S. Government Obligations		—		54,445,790			—
Total		—		57,000,864			—
Unrealized Appreciation on Forward Foreign Currency Contracts		—		2,080,562			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(114,312	)		—
Total - Net	$	—	$	58,967,114		$	—


Chinese Yuan Fund	Level 1		Level 2			Level 3
Repurchase Agreement	$	—	$	20,637,842		$	—
Time Deposits		—		53,400,493			—
U.S. Government Obligations		—		149,107,369			—
Total		—		223,145,704			—
Unrealized Appreciation on Forward Foreign Currency Contracts		—		1,411,200			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(40,676	)		—
Total - Net	$	—	$	224,516,228		$	—


Commodity Currency Fund	Level 1		Level 2			Level 3
Repurchase Agreement	$	—	$	1,500,508		$	—
U.S. Government Obligations		—		21,748,354			—
Total		—		23,248,862			—
Unrealized Appreciation on Forward Foreign Currency Contracts		—		338,309			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(223,838	)		—
Total - Net	$	—	$	23,363,333		$	—


56		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)


Emerging Currency Fund	Level 1		Level 2			Level 3
Repurchase Agreement	$	—	$	90,971,358		$	—
U.S. Government Obligations		—		222,283,719			—
Total		—		313,255,077			—
Unrealized Appreciation on Forward Foreign Currency Contracts		—		1,363,497			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(1,554,505	)		—
Total - Net	$	—	$	313,064,069		$	—


Indian Rupee Fund	Level 1		Level 2			Level 3
Repurchase Agreement	$	—	$	3,802,182		$	—
U.S. Government Obligations		—		11,246,275			—
Total		—		15,048,457			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(13,942	)		—
Total - Net	$	—	$	15,034,515		$	—


Asia Local Debt Fund	Level 1		Level 2			Level 3
Foreign Government Agencies	$	—	$	34,354,037		$	—
Foreign Government Obligations		—		340,347,054			—
Repurchase Agreement		—		48,560,789			—
Supranational Bonds		—		52,089,223			—
Total		—		475,351,103			—
Unrealized Appreciation on Forward Foreign Currency Contracts		—		162,154			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(1,112,488	)		—
Total - Net	$	—	$	474,400,769		$	—


Australia & New Zealand Debt Fund	Level 1		Level 2		Level 3
Foreign Government Agencies	$	—	$	26,618,649	$	—
Foreign Government Obligations		—		23,625,560		—
Supranational Bonds		—		19,780,305		—
Total	$	—	$	70,024,514	$	—


Emerging Markets Corporate Bond Fund	Level 1		Level 2		Level 3
Foreign Corporate Bonds	$	—	$	120,583,365	$	—
Foreign Government Agencies		—		4,060,800		—
Money Market Fund		—		18,179,610		—
Total	$	—	$	142,823,775	$	—


Emerging Markets Local Debt Fund	Level 1		Level 2			Level 3
Foreign Government Obligations	$	—	$	1,533,019,643		$	—
Money Market Fund		—		14,421,148			—
Repurchase Agreement		—		50,012,335			—
Supranational Bonds		—		165,057,092			—
Total		—		1,762,510,218			—
Unrealized Appreciation on Forward Foreign Currency Contracts		—		1,576,620			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—		(394,538	)		—
Total - Net	$	—	$	1,763,692,300		$	—


WisdomTree Currency, Fixed Income and Alternative Funds			57

Notes to Financial Statements (unaudited) (continued)


Euro Debt Fund	Level 1		Level 2		Level 3
Foreign Government Agencies	$	—	$	213,364	$	—
Foreign Government Obligations		—		2,848,477		—
Supranational Bonds		—		1,271,795		—
Total	$	—	$	4,333,636	$	—


Global Corporate Bond Fund	Level 1		Level 2		Level 3
Corporate Bonds	$	—	$	3,660,760	$	—
Foreign Corporate Bonds		—		3,551,814		—
Preferred Stock		184,188		—		—
Total		184,188		7,212,574		—
Unrealized Appreciation on Forward Foreign Currency Contracts		—		30,799		—
Total - Net	$	184,188	$	7,243,373	$	—


Global Real Return Fund (consolidated)	Level 1			Level 2			Level 3
Foreign Government Obligations	$	—		$	1,743,213		$	—
Supranational Bond		—			207,315			—
U.S. Government Obligations		—			2,458,118			—
Total		—			4,408,646			—
Unrealized Appreciation on Swap Contracts		—			9,183			—
Unrealized Depreciation on Swap Contracts		—			(16,599	)		—
Unrealized Depreciation on Futures Contracts		(8,664	)		—			—
Total - Net	$	(8,664	)	$	4,401,230		$	—


Managed Futures Strategy Fund (consolidated)	Level 1			Level 2			Level 3
U.S. Government Obligations	$	—		$	99,710,909		$	—
Total		—			99,710,909			—
Unrealized Appreciation on Forward Foreign Currency Contracts		—			1,739,576			—
Unrealized Depreciation on Forward Foreign Currency Contracts		—			(144,833	)		—
Unrealized Depreciation on Swap Contracts		—			(887,992	)		—
Unrealized Appreciation on Futures Contracts		383,224			—			—
Unrealized Depreciation on Futures Contracts		(384,409	)		—			—
Total - Net	$	(1,185	)	$	100,417,660		$	—

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically forward foreign currency contracts, swaps contracts and futures contracts during the period ended February 28, 2013 which are detailed in the tables herein. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security or where the counterparty to a derivative contract might default on its obligations. The Funds’ derivative agreements contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV or net assets over a specified time period. If an event occurred that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivative agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund as reflected in each respective derivative footnote.


58		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)

As of February 28, 2013, the following Funds posted securities and/or cash as collateral for derivative agreements as follows:


Fund	Value of Collateral Posted
Chinese Yuan Fund	$	20,000
Emerging Currency Fund		5,250,000
Asia Local Debt Fund		990,000
Global Real Return Fund (consolidated)		110,000
Managed Futures Strategy Fund (consolidated)		3,724,955

The effect of derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

Fund

Asset Derivatives

Liability Derivatives

Derivative Type

Balance Sheet Location

Value

Balance Sheet Location

Value

Brazilian Real Fund

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

2,080,562

Unrealized depreciation on forward foreign currency contracts

114,312

Chinese Yuan Fund

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

1,411,200

Unrealized depreciation on forward foreign currency contracts

40,676

Commodity Currency Fund

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

338,309

Unrealized depreciation on forward foreign currency contracts

223,838

Emerging Currency Fund

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

1,363,497

Unrealized depreciation on forward foreign currency contracts

1,554,505

Indian Rupee Fund

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

—

Unrealized depreciation on forward foreign currency contracts

13,942

Asia Local Debt Fund

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

162,154

Unrealized depreciation on forward foreign currency contracts

1,112,488

Emerging Markets Local Debt Fund

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

1,576,620

Unrealized depreciation on forward foreign currency contracts

394,538

Global Corporate Bond Fund

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

30,799

Unrealized depreciation on forward foreign currency contracts

—

Global Real Return Fund (consolidated)

Commodity contracts

Unrealized appreciation on swap contracts

—

Unrealized depreciation on swap contracts

16,599

Unrealized appreciation on futures contracts*

—

Unrealized depreciation on futures contracts*

8,664

Interest rate contracts

Unrealized appreciation on swap contracts

9,183

Unrealized depreciation on swap contracts

—

Managed Futures Strategy Fund (consolidated)

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

1,739,576

Unrealized depreciation on forward foreign currency contracts

144,833

Unrealized appreciation on futures contracts*

7,007

Unrealized depreciation on futures contracts*

12,208

Commodity contracts

Unrealized appreciation on swap contracts

—

Unrealized depreciation on swap contracts

887,992

Unrealized appreciation on futures contracts*

376,217

Unrealized depreciation on futures contracts*

265,806

Interest rate contracts

Unrealized appreciation on futures contracts*

—

Unrealized depreciation on futures contracts*

106,395

Includes cumulative appreciation (depreciation) of futures contracts as reported in the futures table. Only current day’s variation margin is reported within the Statement of Assets and Liabilities.


WisdomTree Currency, Fixed Income and Alternative Funds			59

Notes to Financial Statements (unaudited) (continued)

The effect of derivative instruments on each Fund’s financial performance as reflected in the Statements of Operations are presented in the summary below:


Fund Derivative Type	Amount of Realized Gain or (Loss) on Derivatives Recognized¹			Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized²
Brazilian Real Fund
Foreign exchange contracts	$	2,179,295		$	822,150
Chinese Yuan Fund
Foreign exchange contracts		2,444,573			2,673,287
Commodity Currency Fund
Foreign exchange contracts		250,277			271,098
Emerging Currency Fund
Foreign exchange contracts		12,030,595			(475,608	)
Indian Rupee Fund
Foreign exchange contracts		1,358,824			(63,700	)
Asia Local Debt Fund
Foreign exchange contracts		1,951,804			(1,432,859	)
Australia & New Zealand Debt Fund
Foreign exchange contracts		65,423			—
Emerging Markets Local Debt Fund
Foreign exchange contracts		4,144,787			196,941
Euro Debt Fund
Foreign exchange contracts		(31,288	)		—
Global Corporate Bond Fund
Foreign exchange contracts		330			30,799
Global Real Return Fund (consolidated)
Commodity contracts		(24,109	)		(33,858	)
Interest rate contracts		1,352			1,957
Managed Futures Strategy Fund (consolidated)
Foreign exchange contracts		207,086			1,782,790
Commodity contracts		(1,463,486	)		(1,895,690	)
Interest rate contracts		(694,688	)		(76,118	)

Realized gains (losses) on derivatives are located on the Statement of Operations as follows:


Foreign exchange contracts		Net realized gain (loss) from forward foreign currency contracts, foreign currency related transactions and futures contracts
Commodity contracts		Net realized gain (loss) from futures contracts and swap contracts
Interest rate contracts		Net realized gain (loss) from futures contracts and swap contracts

Change in unrealized appreciation (depreciation) is located on the Statement of Operations as follows:


Foreign exchange contracts		Net change in unrealized appreciation (depreciation) from forward foreign currency contracts, foreign currency related transactions and futures contracts
Commodity contracts		Net change in unrealized appreciation (depreciation) from futures contracts and swap contracts
Interest rate contracts		Net change in unrealized appreciation (depreciation) from futures contracts and swap contracts

During the six months ended February 28, 2013, the volume of derivative activity was as follows:


	Average Notional						Average Market Value
Fund Derivative Type	Forward foreign currency contracts (to deliver)		Forward foreign currency contracts (to receive)		Swap contracts		Futures contracts (long)		Futures contracts (short)
Brazilian Real Fund
Foreign exchange contracts	$	130,253,561	$	45,522,383		—		—		—
Chinese Yuan Fund
Foreign exchange contracts		446,468,653		165,338,370		—		—		—
Commodity Currency Fund
Foreign exchange contracts		47,940,996		13,278,127		—		—		—


60		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)


	Average Notional						Average Market Value
Fund Derivative Type	Forward foreign currency contracts (to deliver)		Forward foreign currency contracts (to receive)		Swap contracts		Futures contracts (long)		Futures contracts (short)
Emerging Currency Fund
Foreign exchange contracts	$	561,059,550	$	157,010,132		—		—		—
Indian Rupee Fund
Foreign exchange contracts		30,109,015		7,680,536		—		—		—
Asia Local Debt Fund
Foreign exchange contracts		95,227,127		1,412,679		—		—		—
Australia & New Zealand Debt Fund
Foreign exchange contracts		631,980		—		—		—		—
Emerging Markets Local Debt Fund
Foreign exchange contracts		112,075,373		10,856,110		—		—		—
Global Corporate Bond Fund
Foreign exchange contracts		433,586		868,777		—		—		—
Global Real Return Fund (consolidated)
Interest rate contracts		—		—	$	220,000		—		—
Commodity contracts		—		—		1,208,317	$	168,703		—
Managed Futures Strategy Fund (consolidated)
Commodity contracts		—		—		43,336,356		10,199,035	$	8,761,356
Foreign exchange contracts		29,872,753		38,530,469		—		21,809,895		8,186,169
Interest rate contracts		—		—		—		9,913,190		9,670,987

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. Interest income including amortization of premiums and discounts is accrued daily.

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statement of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of forward foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statement 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 — Under the Investment Advisory Agreement for each Fund, WTAM has agreed to pay all expenses of each 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 (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Repurchase Agreements — Each Fund’s custodian or a third party custodian under tri-party repurchase agreements may take possession of the collateral pledged for investments in repurchase agreements. The underlying collateral is valued on a daily basis at fair value to ensure that the value, including accrued interest, is at least equal to the repurchase price. In the event of default of the


WisdomTree Currency, Fixed Income and Alternative Funds			61

Notes to Financial Statements (unaudited) (continued)

obligation to repurchase, a Fund has the right to liquidate the collateral and apply the proceeds in satisfaction of the obligations. Under certain circumstances, in the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings.

Forward Foreign Currency Contracts — 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 Contracts by the Funds. Realized gains and losses on forward contracts include net gains or losses recognized by the Funds on contracts which have matured. Each Fund may enter into Forward Contracts to manage its foreign currency exposure or to facilitate settlement of foreign currency denominated portfolio transactions. A Fund may invest in both Forward Contracts and U.S. dollar denominated money market securities in an attempt to create a “synthetic” investment in a foreign currency denominated instrument.

The following Forward Contracts were open at February 28, 2013:


Fund Name	Settlement Date		Contracts To Deliver			In Exchange For		Unrealized Gain (Loss)
Brazilian Real Fund	03/04/2013	BRL		30,810,253	USD		15,639,722	$	56,164
	03/04/2013	BRL		30,810,253	USD		15,627,823		44,265
	03/04/2013	USD		14,745,981	BRL		30,810,253		837,577
	03/04/2013	USD		14,743,864	BRL		30,810,253		839,694
	04/02/2013	BRL		50,644	USD		25,533		6
	04/02/2013	BRL		7,835,755	USD		3,950,469		910
	04/02/2013	USD		13,930,204	BRL		27,941,343		153,439
	04/02/2013	USD		13,935,137	BRL		27,941,343		148,507
	05/03/2013	USD		15,620,655	BRL		30,972,634		(63,060	)
	05/03/2013	USD		15,608,846	BRL		30,972,634		(51,252	)
								$	1,966,250
Chinese Yuan Fund
	03/18/2013	CNY		3,711,463	USD		558,467	$	(2,448	)
	03/18/2013	CNY		5,900,812	USD		934,782		(4,707	)
	03/18/2013	CNY		16,231,808	USD		2,578,934		(5,389	)
	03/18/2013	CNY		16,223,308	USD		2,585,594		2,624
	03/18/2013	CNY		16,226,095	USD		2,579,050		(4,363	)
	03/18/2013	CNY		16,208,204	USD		2,578,051		(2,514	)
	03/18/2013	USD		27,689,221	CNY		175,793,325		299,448
	06/07/2013	USD		17,796,518	CNY		111,833,319		(12,995	)
	07/16/2013	CNH		16,005,865	USD		2,552,770		(2,283	)
	07/16/2013	CNH		16,014,166	USD		2,563,087		6,709
	07/16/2013	CNH		15,974,232	USD		2,545,694		(4,309	)
	07/16/2013	CNH		15,960,394	USD		2,546,127		(1,668	)
	07/16/2013	USD		36,952,634	CNH		231,914,733		68,447
	07/16/2013	USD		36,960,879	CNH		231,914,734		60,202
	10/15/2013	USD		68,773,362	CNY		439,633,716		973,770
								$	1,370,524
Commodity Currency Fund
	03/04/2013	AUD		2,805,677	USD		2,863,221	$	(9,090	)
	03/04/2013	BRL		6,143,031	USD		3,108,821		1,729
	03/04/2013	CAD		2,892,637	USD		2,817,549		3,837
	03/04/2013	CLP		1,410,681,459	USD		2,984,937		2,839


62		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)


Fund Name	Settlement Date		Contracts To Deliver			In Exchange For		Unrealized Gain (Loss)
Commodity Currency Fund (continued)	03/04/2013	NOK		16,508,998	USD		2,894,335	$	9,004
	03/04/2013	NZD		3,558,947	USD		2,933,462		(17,261	)
	03/04/2013	RUB		91,634,266	USD		2,996,738		2,414
	03/04/2013	USD		2,912,826	AUD		2,805,677		(40,514	)
	03/04/2013	USD		3,078,133	BRL		6,143,031		28,958
	03/04/2013	USD		2,905,465	CAD		2,892,637		(91,752	)
	03/04/2013	USD		2,894,893	CLP		1,410,681,459		87,205
	03/04/2013	USD		2,891,028	NOK		16,508,998		(5,697	)
	03/04/2013	USD		2,908,158	NZD		3,558,947		42,565
	03/04/2013	USD		2,897,435	RUB		91,634,266		96,890
	03/04/2013	USD		2,915,987	ZAR		26,153,341		(1,219	)
	03/04/2013	ZAR		26,153,341	USD		2,951,428		36,660
	04/02/2013	USD		2,944,658	BRL		5,836,607		(2,756	)
	06/04/2013	USD		2,923,388	AUD		2,884,192		9,030
	06/04/2013	USD		2,943,711	CAD		3,028,375		(3,933	)
	06/04/2013	USD		2,958,761	CLP		1,416,507,037		(3,950	)
	06/04/2013	USD		2,938,931	NOK		16,823,614		(9,049	)
	06/04/2013	USD		2,913,477	NZD		3,556,273		17,178
	06/04/2013	USD		2,939,713	RUB		91,229,595		(1,925	)
	06/04/2013	USD		2,956,526	ZAR		26,526,688		(36,692	)
								$	114,471
Emerging Currency Fund
	03/04/2013	BRL		283,615	USD		144,510	$	1,060
	03/04/2013	BRL		42,838,073	USD		21,745,215		78,090
	03/04/2013	USD		21,323,301	BRL		42,554,911		200,604
	03/04/2013	USD		289,172	BRL		566,777		(2,501	)
	04/02/2013	BRL		284,060	USD		143,211		33
	04/02/2013	USD		21,752,584	BRL		42,972,229		(92,724	)
	05/03/2013	CLP		67,425,016	USD		141,441		126
	05/03/2013	CLP		67,295,029	USD		140,991		(51	)
	05/03/2013	COP		251,683,744	USD		140,214		2,238
	05/03/2013	COP		251,634,859	USD		137,807		(143	)
	05/03/2013	IDR		1,379,465,080	USD		141,920		(356	)
	05/03/2013	IDR		1,382,015,768	USD		141,964		(576	)
	05/03/2013	INR		7,754,592	USD		141,999		(486	)
	05/03/2013	INR		7,749,229	USD		141,979		(407	)
	05/03/2013	KRW		154,145,790	USD		141,600		(239	)
	05/03/2013	KRW		154,234,285	USD		141,681		(239	)
	05/03/2013	MXN		1,817,395	USD		142,214		804
	05/03/2013	MXN		1,816,177	USD		140,521		(794	)
	05/03/2013	MYR		430,883	USD		138,838		(97	)
	05/03/2013	MYR		430,957	USD		138,438		(521	)
	05/03/2013	PHP		5,746,544	USD		141,575		146
	05/03/2013	PHP		5,756,016	USD		141,321		(341	)
	05/03/2013	THB		4,254,509	USD		142,101		(121	)
	05/03/2013	THB		4,256,328	USD		142,209		(74	)
	05/03/2013	TRY		252,429	USD		141,449		2,178
	05/03/2013	TRY		252,160	USD		138,963		(160	)
	05/03/2013	USD		21,210,456	CLP		10,129,053,487		18,844
	05/03/2013	USD		282,176	CLP		134,739,039		221
	05/03/2013	USD		21,176,603	COP		37,924,437,129		(385,972	)


WisdomTree Currency, Fixed Income and Alternative Funds			63

Notes to Financial Statements (unaudited) (continued)


Fund Name	Settlement Date		Contracts To Deliver			In Exchange For		Unrealized Gain (Loss)
Emerging Currency Fund (continued)	05/03/2013	USD		279,169	COP		503,118,354	$	(3,353	)
	05/03/2013	USD		21,094,276	IDR		209,318,498,433		494,625
	05/03/2013	USD		283,715	IDR		2,766,217,723		1,590
	05/03/2013	USD		21,107,773	INR		1,155,439,504		122,600
	05/03/2013	USD		283,075	INR		15,509,668		1,904
	05/03/2013	USD		21,249,041	KRW		23,204,165,446		102,550
	05/03/2013	USD		284,864	KRW		308,336,571		(1,144	)
	05/03/2013	USD		21,252,137	MXN		272,454,525		(52,673	)
	05/03/2013	USD		284,983	MXN		3,633,161		(2,290	)
	05/03/2013	USD		20,923,366	MYR		64,676,217		(68,998	)
	05/03/2013	USD		278,077	MYR		862,038		(119	)
	05/03/2013	USD		21,107,128	PHP		858,321,348		17,176
	05/03/2013	USD		283,391	PHP		11,491,505		(571	)
	05/03/2013	USD		21,187,412	THB		635,156,242		44,948
	05/03/2013	USD		284,312	THB		8,509,468		147
	05/03/2013	USD		21,163,641	TRY		37,823,659		(295,485	)
	05/03/2013	USD		280,988	TRY		504,405		(2,697	)
	05/03/2013	USD		21,338,777	ZAR		194,903,051		206,766
	05/03/2013	USD		290,891	ZAR		2,606,971		(2,704	)
	05/03/2013	ZAR		1,304,456	USD		146,386		2,185
	05/03/2013	ZAR		1,302,603	USD		145,743		1,746
	05/07/2013	CNH		881,376	USD		141,156		(53	)
	05/07/2013	CNH		882,090	USD		141,213		(109	)
	05/07/2013	PLN		444,091	USD		140,957		1,874
	05/07/2013	PLN		443,901	USD		138,812		(211	)
	05/07/2013	RUB		4,298,723	USD		140,942		1,909
	05/07/2013	RUB		4,291,879	USD		138,896		84
	05/07/2013	USD		21,108,147	CNH		132,115,894		58,583
	05/07/2013	USD		282,059	CNH		1,763,433		466
	05/07/2013	USD		21,178,455	PLN		66,495,690		(353,021	)
	05/07/2013	USD		283,618	PLN		887,787		(5,576	)
	05/07/2013	USD		21,219,356	RUB		647,561,707		(275,330	)
	05/07/2013	USD		282,208	RUB		8,590,398		(4,369	)
								$	(191,008	)
Indian Rupee Fund
	05/03/2013	USD		5,133,798	INR		279,073,233	$	(6,027	)
	05/03/2013	USD		4,980,971	INR		270,865,198		(4,017	)
	05/03/2013	USD		4,980,513	INR		270,865,197		(3,559	)
	05/03/2013	USD		49,399	INR		2,670,000		(339	)
								$	(13,942	)
Asia Local Debt Fund
	03/21/2013	PHP		200,000,000	USD		4,944,376	$	25,537
	03/21/2013	USD		296,182	CNH		1,840,000		(640	)
	03/21/2013	USD		117,507	CNH		730,000		(254	)
	03/21/2013	USD		592,568	CNH		3,685,000		(680	)
	03/21/2013	USD		1,173,662	CNH		7,326,000		3,046
	03/21/2013	USD		4,994,838	HKD		38,706,000		(4,235	)
	03/21/2013	USD		118,678	HKD		920,000		(56	)
	03/21/2013	USD		3,479,442	INR		192,100,000		79,357
	03/21/2013	USD		4,866,180	PHP		200,000,000		52,659
	03/21/2013	USD		28,433,468	SGD		34,713,000		(337,023	)


64		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)


Fund Name	Settlement Date		Contracts To Deliver			In Exchange For		Unrealized Gain (Loss)
Asia Local Debt Fund (continued)	03/21/2013	USD		704,444	SGD		864,000	$	(5,129	)
	03/21/2013	USD		589,444	SGD		723,000		(4,253	)
	03/21/2013	USD		1,177,563	SGD		1,446,000		(7,181	)
	03/21/2013	USD		587,399	SGD		723,000		(2,208	)
	03/21/2013	USD		2,327,067	SGD		2,877,000		1,555
	03/21/2013	USD		25,277,244	TWD		729,627,662		(701,643	)
	03/21/2013	USD		573,656	TWD		16,583,000		(15,101	)
	03/21/2013	USD		287,478	TWD		8,311,000		(7,544	)
	03/21/2013	USD		574,506	TWD		16,617,000		(14,806	)
	03/21/2013	USD		285,920	TWD		8,326,000		(5,481	)
	03/21/2013	USD		1,131,482	TWD		33,407,000		(6,254	)
								$	(950,334	)
Emerging Markets Local Debt Fund
	03/04/2013	USD		695,478	BRL		1,374,403	$	(317	)
	03/04/2013	USD		406,257	CNH		2,528,547		196
	03/04/2013	USD		730,661	COP		1,326,990,282		594
	03/04/2013	USD		3,282,849	MYR		10,176,831		10,091
	03/04/2013	USD		362,751	PEN		935,171		(422	)
	03/04/2013	USD		730,254	PLN		2,321,515		1,035
	03/04/2013	USD		732,325	RUB		22,381,680		(961	)
	03/04/2013	USD		731,323	THB		21,800,729		1,475
	03/04/2013	USD		739,975	TRY		1,332,732		987
	03/04/2013	USD		725,647	ZAR		6,430,140		(9,013	)
	03/21/2013	CLP		1,450,000,000	USD		3,045,579		(11,820	)
	03/21/2013	RUB		368,737,000	USD		12,193,684		176,989
	03/21/2013	TRY		33,175,000	USD		18,426,461		27,672
	03/21/2013	USD		546,343	CLP		264,348,000		11,048
	03/21/2013	USD		1,003,621	CLP		478,918,000		6,202
	03/21/2013	USD		732,730	CLP		347,937,000		913
	03/21/2013	USD		548,110	CLP		261,613,000		3,514
	03/21/2013	USD		183,576	CLP		87,933,000		1,835
	03/21/2013	USD		554,104	CLP		263,637,000		1,788
	03/21/2013	USD		182,040	CLP		86,451,000		246
	03/21/2013	USD		182,294	CLP		86,471,000		35
	03/21/2013	USD		183,317	CLP		87,149,000		441
	03/21/2013	USD		182,763	CLP		86,840,000		343
	03/21/2013	USD		917,249	CNH		5,714,000		539
	03/21/2013	USD		183,510	CNH		1,144,000		240
	03/21/2013	USD		538,671	IDR		5,349,000,000		14,582
	03/21/2013	USD		1,630,700	IDR		16,201,000,000		44,986
	03/21/2013	USD		1,899,433	IDR		18,755,000,000		40,416
	03/21/2013	USD		547,885	IDR		5,389,000,000		9,504
	03/21/2013	USD		541,463	IDR		5,328,000,000		9,617
	03/21/2013	USD		549,799	IDR		5,338,000,000		2,316
	03/21/2013	USD		549,948	IDR		5,329,000,000		1,235
	03/21/2013	USD		32,307,121	KRW		34,819,000,000		(186,803	)
	03/21/2013	USD		368,000	KRW		391,000,000		(7,305	)
	03/21/2013	USD		552,939	KRW		587,000,000		(11,435	)
	03/21/2013	USD		1,293,607	KRW		1,372,000,000		(27,946	)
	03/21/2013	USD		2,153,471	RUB		67,598,000		49,466
	03/21/2013	USD		362,129	RUB		11,339,000		7,395


WisdomTree Currency, Fixed Income and Alternative Funds			65

Notes to Financial Statements (unaudited) (continued)


Fund Name	Settlement Date		Contracts To Deliver			In Exchange For		Unrealized Gain (Loss)
Emerging Markets Local Debt Fund (continued)	03/21/2013	USD		1,092,937	RUB		33,436,000	$	(3,298	)
	03/21/2013	USD		2,171,872	RUB		66,800,000		5,060
	03/21/2013	USD		3,986,784	RUB		122,474,000		4,497
	03/21/2013	USD		364,471	RUB		11,190,000		197
	03/21/2013	USD		1,822,514	RUB		55,900,000		(800	)
	03/21/2013	USD		10,992,420	THB		338,434,642		343,798
	03/21/2013	USD		27,339,300	THB		840,000,000		797,368
	03/21/2013	USD		18,423,493	TRY		33,175,000		(24,704	)
	03/22/2013	USD		1,091,567	ZAR		9,355,000		(51,493	)
	03/22/2013	USD		363,520	ZAR		3,120,000		(16,644	)
	03/22/2013	USD		1,090,100	ZAR		9,431,000		(41,577	)
								$	1,182,082
Global Corporate Bond Fund
	05/16/2013	EUR		555,374.00	USD		752,664	$	26,191
	05/16/2013	GBP		74,520.00	USD		117,683		4,608
								$	30,799
Managed Futures Strategy Fund (consolidated)
	03/21/2013	JPY		1,275,416,000	USD		15,496,404	$	1,670,881
	03/21/2013	JPY		8,677,000	USD		100,225		6,167
	03/21/2013	JPY		22,349,000	USD		244,627		2,364
	03/21/2013	USD		477,351	JPY		39,340,000		(50,905	)
	03/21/2013	USD		61,534	JPY		5,155,000		(5,654	)
	03/21/2013	USD		242,117	JPY		20,425,000		(20,710	)
	03/21/2013	USD		234,981	JPY		21,132,000		(5,910	)
	03/21/2013	USD		13,168,876	JPY		1,220,390,000		60,164
	06/19/2013	JPY		1,220,390,000	USD		13,177,592		(60,824	)
	06/19/2013	JPY		16,642,000	USD		179,698		(830	)
								$	1,594,743

Currency Legend:

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

CLP – Chilean peso

CNH – Chinese renminbi

CNY – Chinese yuan

COP – Colombian peso

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

IDR – Indonesian rupiah

INR – Indian rupee

JPY – Japanese yen

KRW – South Korean won

MXN – Mexican peso

MYR – Malaysian ringgit

NOK – Norwegian krone

NZD – New Zealand dollar

PEN – Peruvian nuevo sol

PHP – Philippine peso

PLN – Polish zloty

RUB – Russian ruble

SGD – Singapore dollar

THB – Thai baht

TRY – Turkish new lira

TWD – New Taiwan dollar

USD – U.S. dollar

ZAR – South African rand

Currency, Interest Rate and Total Return Swaps — Each Fund may enter into swap agreements, including interest rate swaps, currency swaps and total return swaps. A typical interest rate swap involves the exchange of a floating interest rate payment for a fixed


66		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)

interest rate payment. A typical foreign cross-currency swap involves the exchange of cash flows based on the notional difference among two or more currencies (e.g., the U.S. dollar and the Brazilian real). A typical total return swap involves the payment of the total return on a reference asset in return for payments equal to a rate of interest on another reference asset. The total return typically includes appreciation or depreciation on the reference asset, plus any interest or dividend payments. Swap agreements may be used to achieve exposure to, for example, currencies, interest rates, indexes and money market securities without actually purchasing such currencies or securities. The Managed Futures Strategy Fund and the Global Real Return Fund may enter into swaps transactions based on commodities or commodity indexes. Each Fund may use swap agreements to invest in a market without owning or taking physical custody of the underlying securities in circumstances in which direct investment is restricted for legal reasons or is otherwise impracticable. Swap agreements will tend to shift a Fund’s investment exposure from one type of investment to another or from one payment stream to another. Depending on their structure, swap agreements may increase or decrease a Fund’s exposure to long- or short-term interest rates (in the United States or abroad), foreign currencies, corporate borrowing rates, or other factors, and may increase or decrease the overall volatility of a Fund’s investments and its share price.

Detailed below is the cross-currency interest rate swap agreement outstanding as of February 28, 2013:

Fund

Counterparty

Termination
Date

Fixed Rate
Notional
Amount
(000)

Fund Receives
Fixed Rate
(per annum)

Floating Rate
Notional
Amount
(000)

Fund Pays
Floating Rate
(per annum)

Unrealized
Appreciation

Global Real Return Fund (consolidated)

UBS AG

7/14/16

5 CLF

1.89

220

6-Month LIBOR

9,183

Detailed below are the total return swap agreements outstanding as of February 28, 2013:

Fund

Counterparty

Termination
Date

Notional
Amount
(000)

Fund Pays
Fixed/Floating Rate
(per annum)

Fund Receives Total Return of
Reference Entity

Unrealized
Depreciation

Global Real Return Fund (consolidated)

JPMorgan Chase

Bank, N.A.

7/16/13

486

0.30%

Credit Suisse Commodity
Benchmark Excess Return Index

—

UBS AG

12/13/13

727

3-Month
U.S. Treasury Bill
Index + 0.80%

AFT CTI Modified Index

(16,599

)

Managed Futures Strategy Fund (consolidated)

UBS AG

4/15/13

39,099

3-Month
U.S. Treasury Bill
Index + 0.45%

AFT CTI Modified Index

(887,992

)

Abbreviations:

AFT CTI – The Alpha Financial Technologies Commodity Trends Indicator

CLF – Chilean Unidad de Fomento

LIBOR – London Interbank Offered Rate

Futures Contracts — Each Fund may transact in currency futures contracts and U.S. Treasury futures contracts. The Managed Futures Strategy Fund and Global Real Return Fund may transact in commodity, currency and U.S. Treasury futures contracts. When a Fund purchases a listed futures contract, it agrees to purchase a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. When a Fund sells a listed futures contract, it agrees to sell a specified reference asset (e.g., commodity, currency or Treasury security) at a specified future date. The price at which the purchase and sale will take place is fixed when the Fund enters into the contract. The exchange clearing corporation is the ultimate counterparty for all exchange-listed contracts, so credit risk is limited to the creditworthiness of the exchange’s clearing corporation. Margin deposits are posted as performance bonds with the clearing broker and, in turn, with the exchange clearing corporation.

Each Fund may buy and sell index futures contracts. An index futures contract is a bilateral agreement pursuant to which two parties agree to take or make delivery of an amount of cash equal to a specified dollar amount times the difference between the index value at the close of trading of the contract and the price at which the futures contract is originally struck. No physical delivery of the securities comprising the index is made. Instead, settlement in cash must occur upon the termination of the contract, with the settlement being the difference between the contract price, and the actual level of the index at the expiration of the contract. Generally, contracts are closed out prior to the expiration date of the contract.

Upon entering into a futures contract, a Fund is required to deliver to a broker an amount of cash and/or government securities equal to a certain percentage of the contract amount. This amount is known as the “initial margin”. Subsequent payments, known as “variation margin”, generally are made or received by the Fund each day depending on the fluctuations in the value of the underlying futures contracts, except that in the case of certain futures contracts payments may be made or received at settlement. Such variation margin is recorded for financial statement purposes on a daily basis as an unrealized gain or loss on futures until the financial futures contract is closed, at which time the net gain or loss is reclassified to realized gain or loss on futures. When a Fund purchases or sells a futures contract, the Fund is required to “cover” its position in order to limit the risk associated with the use of


WisdomTree Currency, Fixed Income and Alternative Funds			67

Notes to Financial Statements (unaudited) (continued)

leverage and other related risks. To cover its position, a Fund will segregate assets consisting of cash or liquid securities that, when added to any amounts deposited with a futures commission merchant as margin, are equal to the market value of the futures contract or otherwise “cover” its position in a manner consistent with the 1940 Act or the rules and SEC interpretations thereunder. If a Fund continues to engage in the described securities trading practices and properly segregates assets, the segregated assets will function as a practical limit on the amount of leverage which a Fund may undertake and on the potential increase in the speculative character of a Fund’s outstanding portfolio securities. Additionally, such segregated assets will generally ensure the availability of adequate funds to meet the obligations of a Fund arising from such investment activities.

The following futures contracts were open at February 28, 2013:


Fund		Number of Contracts		Notional Value			Expiration Date		Unrealized Appreciation/ (Depreciation)
Global Real Return Fund (consolidated)	Futures Contracts Long
	Gold 100 Ounce Futures		1	$	157,810			Apr-13	$	(8,664	)

Managed Futures Strategy Fund (consolidated)	Futures Contracts Short
	Australian Dollar Currency Futures		22		(2,230,800	)		Jun-13		(306	)
	British Pound Currency Futures		59		(5,592,463	)		Jun-13		(9,640	)
	Canadian Dollar Currency Futures		11		(1,065,240	)		Jun-13		7,007
	Cocoa Futures		16		(342,880	)		Jul-13		11,240
	Coffee Futures		9		(492,413	)		Jul-13		23,554
	Copper Futures		19		(1,685,063	)		May-13		(66	)
	Corn Futures		40		(1,369,500	)		Jul-13		91,848
	Euro Foreign Exchange Currency Futures		88		(14,381,400	)		Jun-13		(1,214	)
	Gold 100 Ounce Futures		7		(1,105,860	)		Jun-13		(304	)
	Lean Hogs Futures		18		(658,620	)		Jun-13		47,635
	Live Cattle Futures		21		(1,049,580	)		Jun-13		26,724
	Natural Gas Futures		41		(1,467,390	)		Jun-13		(26,764	)
	Silver Futures		4		(569,720	)		Jul-13		59,436
	Soybean Futures		25		(1,794,063	)		Jul-13		16,950
	Sugar #11 (World) Futures		17		(350,146	)		May-13		8,504
	Swiss Franc Currency Futures		16		(2,137,600	)		Jun-13		(1,048	)
	U.S. Long Bond (CBT) Futures		58		(8,339,313	)		Jun-13		(105,278	)
	Wheat Futures (CBT)		22		(788,150	)		Jul-13		80,386
										228,664
	Futures Contracts Long
	Cotton Futures		8		343,760			Jul-13		9,940
	Gasoline RBOB Futures		8		1,015,728			Jun-13		(23,506	)
	Heating Oil Futures		8		1,013,914			Jun-13		(37,101	)
	U.S. 10yr Treasury Notes Futures		63		8,287,453			Jun-13		(1,117	)
	WTI Crude Futures		30		2,785,200			Jun-13		(178,065	)
										(229,849	)
	Total								$	(1,185	)

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high-grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the collateral received for securities on loan along with the obligation to return the collateral are included on the Statements of Assets and Liabilities. 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


68		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)

interest received on investment of cash collateral or receive 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 include short-term obligations issued by the U.S. Government, its agencies, non-U.S. Government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations 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 that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital to the extent of a shareholder’s tax basis, and thereafter as capital gain.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management (“MCM”) to provide sub-advisory services to the Currency, Fixed Income and Alternative Funds, except for Emerging Markets Corporate Bond Fund and Global Corporate Bond Fund which are sub-advised by Western Asset Management Company (“WAMCO”). MCM and WAMCO are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund administration, securities lending, 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 for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table.


Fund	Advisory Fee Rate
Brazilian Real Fund		0.45	%
Chinese Yuan Fund		0.45	%
Commodity Currency Fund		0.55	%
Emerging Currency Fund		0.55	%
Indian Rupee Fund		0.45	%
Asia Local Debt Fund		0.55	%
Australia & New Zealand Debt Fund		0.45	%
Emerging Markets Corporate Bond Fund		0.60	%
Emerging Markets Local Debt Fund		0.55	%
Euro Debt Fund		0.35	%
Global Corporate Bond Fund		0.50	%*
Global Real Return Fund (consolidated)		0.60	%
Managed Futures Strategy Fund (consolidated)		0.95	%

For Global Corporate Bond Fund, WTAM has contractually agreed to limit its advisory fee to 0.45% through January 10, 2014. This agreement may be terminated by: (i) the Board of Trustees of the Trust, for any reason at any time, or (ii) by the Adviser, upon 90 days’ prior written notice to the Trust, effective as of the close of business on the last day of the then-current one-year period. For Global Corporate Bond Fund, WTAM waived $298 of its advisory fee for the six months ended February 28, 2013.


WisdomTree Currency, Fixed Income and Alternative Funds			69

Notes to Financial Statements (unaudited) (continued)

Each Fund may purchase shares of affiliated exchanged traded funds (“ETF”) in secondary market transactions. For the six months ended February 28, 2013, there were no transactions in affiliated ETFs.

4. CAPITAL SHARE TRANSACTIONS

As of February 28, 2013, 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. Generally, Funds issue and redeem shares on a cash basis, however, shares may also be issued or redeemed in kind. 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 capital share transactions and short-term investments) for the six months ended February 28, 2013 were as follows:


Fund	Purchases		Sales
Brazilian Real Fund	$	—	$	—
Chinese Yuan Fund		—		—
Commodity Currency Fund		—		—
Emerging Currency Fund		—		—
Indian Rupee Fund		—		—
Asia Local Debt Fund		184,822,104		124,458,078
Australia & New Zealand Debt Fund		28,908,268		1,763,962
Emerging Markets Corporate Bond Fund		26,515,187		18,580,673
Emerging Markets Local Debt Fund		794,509,941		341,322,656
Euro Debt Fund		75,305		2,143,795
Global Corporate Bond Fund⁺		857,185		—
Global Real Return Fund (consolidated)		18,830		189,700
Managed Futures Strategy Fund (consolidated)		—		—

For the period January 31, 2013 through February 28, 2013.

For the six months ended February 28, 2013, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:


Fund	Purchases		Sales
Asia Local Debt Fund	$	6,642,279	$	6,284,569
Emerging Markets Corporate Bond Fund		54,805,783		—
Emerging Markets Local Debt Fund		90,325,460		5,787,114
Global Corporate Bond Fund⁺		6,543,812		—

For the period January 31, 2013 through February 28, 2013.

Realized gains and losses on in-kind redemptions are not recognized by the Funds for tax purposes.

6. FEDERAL INCOME TAXES

At February 28, 2013 the cost of investments (including securities on loan) for Federal income tax purposes was substantially the same as for book purposes, as indicated below:


Fund	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciaton			Net Unrealized Appreciation/ (Depreciation)
Brazilian Real Fund	$	57,000,965	$	—	$	(101	)	$	(101	)
Chinese Yuan Fund		223,021,345		124,604		(245	)		124,359
Commodity Currency Fund		23,248,901		—		(39	)		(39	)
Emerging Currency Fund		313,255,552		—		(475	)		(475	)
Indian Rupee Fund		15,048,476		—		(19	)		(19	)
Asia Local Debt Fund		479,078,913		4,160,183		(7,887,993	)		(3,727,810	)


70		WisdomTree Currency, Fixed Income and Alternative Funds

Notes to Financial Statements (unaudited) (continued)


Fund	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciaton			Net Unrealized Appreciation/ (Depreciation)
Australia & New Zealand Debt Fund	$	69,974,147	$	489,484	$	(439,117	)	$	50,367
Emerging Markets Corporate Bond Fund		139,992,618		3,038,657		(207,500	)		2,831,157
Emerging Markets Local Debt Fund		1,765,524,339		30,066,520		(33,080,641	)		(3,014,121	)
Euro Debt Fund		4,249,143		111,500		(27,007	)		84,493
Global Corporate Bond Fund		7,393,724		38,292		(35,254	)		3,038
Global Real Return Fund (consolidated)		4,254,440		202,186		(47,980	)		154,206
Managed Futures Strategy Fund (consolidated)		99,711,206		—		(297	)		(297	)

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 six months ended February 28, 2013, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended August 31, 2012, remains subject to examination by taxing authorities.

7. NEW ACCOUNTING PRONOUNCEMENT

In December 2011, FASB issued Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). These disclosures are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position. They also improve transparency in the reporting of how companies mitigate credit risk, including disclosure of related collateral pledged or received. In addition ASU 2011-11 facilitates comparison between those entities that prepare their financial statements on the basis of US GAAP and those entities that prepare their financial statements on the basis of IFRS. ASU 2011-11 requires entities to: disclose both gross and net information about both instruments and transactions eligible for offset in the financial statements; and disclose instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. At this time, management is evaluating the implications of ASU 2011-11 and its impact on the financial statements.

8. LEGAL MATTER

On December 1, 2011, Research Affiliates, LLC (“Research Affiliates”) filed a complaint in the United States District Court for the Central District of California, naming the Trust, WTAM, and its parent company, WisdomTree Investments, along with other parties, as defendants. The complaint alleged that the fundamentally weighted investment methodology developed by WisdomTree Investments and employed by the Trust infringes three of plaintiff’s patents. The complaint sought both unspecified monetary damages to be determined and an injunction to prevent further infringement.

On November 7, 2012, Research Affiliates agreed to withdraw its suit and defendants agreed to withdraw their counterclaims and entered into a settlement agreement. Under the settlement, all parties exchanged releases for all existing claims. The other material terms of the settlement are as follows:

•

Research Affiliates agreed not to sue the Trust, WTAM and WisdomTree Investments (the “WisdomTree Parties”) for any future claims arising under any current patents held by Research Affiliates, as well as any future patents relating to fundamentally-weighted indexes and strategies that may issue under existing or future patent applications that may be filed by Research Affiliates within the next eight years, subject to reduction by up to three years if Research Affiliates is acquired. The covenant not to sue extends to service providers and customers of the WisdomTree Parties in connection with their products and services.

•

Research Affiliates and the WisdomTree Parties agreed that the covenants not to sue do not include a right under each party’s patents to copy the other party’s methodologies. They have further agreed that it is not copying if Research Affiliates introduces an index or strategy that uses at least three fundamental factors to weight its indexes and they are not predominantly dividend- or earnings-weighted, or any of the WisdomTree Parties introduces an index or strategy that is weighted by less than three fundamental factors.

•

The parties also agreed not to challenge the other party’s patents or patent applications.


WisdomTree Currency, Fixed Income and Alternative Funds			71

Notes to Financial Statements (unaudited) (concluded)

•

Research Affiliates agreed to a one-time payment of $0.7 million to WisdomTree Investments. The WisdomTree Parties and the other defendants were not required to make any current or future payments to Research Affiliates.

All other terms of the settlement are confidential and the settlement will not affect the current methodologies and fees for any of the Trust’s Funds.

WTAM and WisdomTree Investments had previously contractually agreed to indemnify the Trust and pay any losses, claims and damages (including legal fees) incurred by the Trust or a Fund in connection with the complaint so the Trust incurred no out-of-pocket expense in connection with this lawsuit.


72		WisdomTree Currency, Fixed Income and Alternative Funds

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

Approval of Investment Advisory Agreements for Global Corporate Bond Fund. At a meeting held on December 5, 2012, the Board of Trustees (the “Board”) approved the Investment Advisory Agreement for the Global Corporate Bond Fund with a management fee of 0.50%. In approving the Investment Advisory Agreement, the Board reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality, and extent of the services to be provided by WTAM to the Fund; (ii) the costs of services to be provided and the profits to be realized by WTAM from its relationships with the Fund; (iii) the extent to which economies of scale would be realized as the Fund grows; and (iv) whether the fee levels reflect these economies of scale for the benefit of investors.

The Board considered the nature and quality of the services to be provided by WTAM to the Fund, recognizing WTAM’s operational capabilities and resources. The Board also noted the extensive responsibilities that WTAM has as investment adviser to the Fund, including the selection of the Fund’s sub-adviser, 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 Fund.

The Board gave substantial consideration to the fees payable to WTAM. The Board examined the fees to be paid by the Fund in light of fees paid to other investment managers by comparable funds and the method of computing the 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 the Fund is fair and reasonable. In addition, the Board noted that WTAM has contractually agreed to limit the management fee to 0.45% through January 10, 2014. The Board also evaluated WTAM’s costs and profitability in serving as investment adviser to the Fund, including the costs associated with the personnel, systems and equipment necessary to manage the Fund and the costs associated with compensating the sub-adviser.

At the December 5, 2012 Board Meeting, the Board also approved the Sub-Advisory Agreement between WTAM and WAMCO, on behalf of the Fund, using essentially the same criteria it used in connection with the Investment Advisory Agreement. The Board considered WAMCO’s operational capabilities and resources and WAMCO’s experience in serving as an adviser to ETFs and other funds. The Board considered the expertise and performance of the WAMCO personnel. The Board noted that WTAM, not the Fund, pays the fees to WAMCO under the Sub-Advisory Agreement for the 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 WAMCO, the Board determined that the approval of this Investment Advisory Agreement and this Sub-Advisory Agreement was in the best interests of the 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 Investment Advisory Agreement and Sub-Advisory Agreement for the Fund.


WisdomTree Currency, Fixed Income and Alternative Funds			73

General Information (unaudited)

Proxy Voting Policies, Procedures and Record

A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (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 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov or are also available by calling the Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330), (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102 or (iii) sending your request electronically to publicinfo@sec.gov.

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

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


74		WisdomTree Currency, Fixed Income and Alternative Funds

The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of February 28, 2013:

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 Hedged Equity Fund (DXJ)

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

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

WisdomTree Australia Dividend Fund (AUSE)

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 Europe Hedged Equity Fund (HEDJ)

WisdomTree China Dividend ex-Financials Fund (CHXF)

WisdomTree International Dividend
Sector Funds

WisdomTree Commodity Country Equity Fund (CCXE)

WisdomTree Global Natural Resources Fund (GNAT)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

WisdomTree Global ex-U.S. 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 India Earnings Fund (EPI)

WisdomTree Currency Funds

WisdomTree Brazilian Real Fund (BZF)

WisdomTree Chinese Yuan Fund (CYB)

WisdomTree Commodity Currency Fund (CCX)

WisdomTree Emerging Currency Fund (CEW)

WisdomTree Indian Rupee Fund (ICN)

WisdomTree Fixed Income Funds

WisdomTree Asia Local Debt Fund (ALD)

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

WisdomTree Emerging Markets Local Debt Fund (ELD)

WisdomTree Euro Debt Fund (EU)

WisdomTree Global Corporate Bond Fund (GLCB)

WisdomTree Alternative Funds

WisdomTree Global Real Return Fund (RRF)

WisdomTree Managed Futures Strategy Fund (WDTI)

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers.

Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. One of the risks associated with the Managed Futures Strategy Fund (WDTI) and the Global Real Return Fund (RRF) is the complexity of the different factors which contribute to each Fund’s performance, as well as their correlation (or non-correlation) to other asset classes. These factors include use of long and short positions in commodity futures contracts, currency forward contracts, swaps and other derivatives. An investment in WDTI is speculative and involves a substantial degree of risk. WDTI should not be used as a proxy for taking long only (or short only) positions in commodities or currencies. In markets without sustained price trends or markets that quickly reverse or “whipsaw” WDTI may suffer significant losses. Unlike typical exchange-traded funds, there are no indexes that the Currency Funds, Fixed Income Funds, WDTI or RRF attempt to track or replicate. Thus, the ability of these Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.

WisdomTree Trust

380 Madison Avenue, 21st Floor

New York, NY 10017

LOGO

Currency Funds

WisdomTree Brazilian Real Fund

(formerly, WisdomTree Dreyfus Brazilian Real Fund)

WisdomTree Chinese Yuan Fund

(formerly, WisdomTree Dreyfus Chinese Yuan Fund)

WisdomTree Commodity Currency Fund

(formerly, WisdomTree Dreyfus Commodity Currency Fund)

WisdomTree Emerging Currency Fund

(formerly, WisdomTree Dreyfus Emerging Currency Fund)

WisdomTree Indian Rupee Fund

(formerly, WisdomTree Dreyfus Indian Rupee Fund)

Fixed Income Funds

WisdomTree Asia Local Debt Fund

WisdomTree Australia & New Zealand Debt Fund

WisdomTree Emerging Markets Corporate Bond Fund

WisdomTree Emerging Markets Local Debt Fund

WisdomTree Euro Debt Fund

WisdomTree Global Corporate Bond Fund

Alternative Funds

WisdomTree Global Real Return Fund

WisdomTree Managed Futures Strategy Fund

WisdomTree Fund shares are distributed by ALPS Distributors, Inc.

WIS005154 4/2014

Item 2.

Code of Ethics.

Not applicable.

Item 3.

Audit Committee Financial Expert.

Not applicable.

Item 4.

Principal Accountant Fees and Services.

Not applicable.

Item 5.

Audit Committee of Listed registrants.

Not applicable.

Item 6.

Investments.

(a)	Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

(b)	Not applicable.

Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8.

Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9.

Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10.

Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

Item 11.

Controls and Procedures.

(a)

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12.

Exhibits.


(a)(1)		Not applicable.

(a)(2)		Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(3)		Not applicable.

(b)		Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes- Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant)		WisdomTree Trust



By (Signature and Title)*		/s/ Jonathan L. Steinberg
		Jonathan L. Steinberg, President
		(principal executive officer)


Date		May 8, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By (Signature and Title)*		/s/ Jonathan L. Steinberg
		Jonathan L. Steinberg, President
		(principal executive officer)


Date		May 8, 2013


By (Signature and Title)*		/s/ David Castano
		David Castano, Treasurer
		(principal financial officer)


Date		May 8, 2013

*	Print the name and title of each signing officer under his or her signature.