WisdomTree Trust
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-CSR

 

 

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21864

 

 

WisdomTree Trust

(Exact name of registrant as specified in charter)

 

 

245 Park Avenue, 35th Floor

New York, NY 10167

(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Company

1209 Orange Street

Wilmington, DE 19801

(Name and address of agent for service)

 

 

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

Date of fiscal year end: June 30

Date of reporting period: June 30, 2016

 

 

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

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

 

 

 


Table of Contents

Item 1. Reports to Stockholders.

The Report to Shareholders is attached herewith.


Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Annual Report

June 30, 2016

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

WisdomTree Emerging Markets Dividend Fund (DVEM)

WisdomTree Europe Local Recovery Fund (EZR)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

WisdomTree Global SmallCap Dividend Fund (GSD)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

U.S. Equity ETFs:

WisdomTree Strong Dollar U.S. Equity Fund (USSD)

WisdomTree Weak Dollar U.S. Equity Fund (USWD)

Fixed Income ETFs:

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

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

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

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

Alternative ETFs:

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

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


Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1   

Performance Summaries (unaudited)

       3   

Description of Indexes (unaudited)

       20   

Shareholder Expense Examples (unaudited)

       22   

Schedules of Investments

    

WisdomTree Dynamic Currency Hedged Europe Equity Fund

       25   

WisdomTree Dynamic Currency Hedged International Equity Fund

       29   

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

       39   

WisdomTree Dynamic Currency Hedged Japan Equity Fund

       51   

WisdomTree Emerging Markets Dividend Fund

       57   

WisdomTree Europe Local Recovery Fund

       65   

WisdomTree Global Hedged SmallCap Dividend Fund

       68   

WisdomTree Global SmallCap Dividend Fund

       72   

WisdomTree Strong Dollar Emerging Markets Equity Fund

       79   

WisdomTree Strong Dollar U.S. Equity Fund

       81   

WisdomTree Weak Dollar U.S. Equity Fund

       85   

WisdomTree Fundamental U.S. Corporate Bond Fund

       88   

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund

       89   

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

       90   

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

       91   

WisdomTree Dynamic Bearish U.S. Equity Fund

       92   

WisdomTree Dynamic Long/Short U.S. Equity Fund

       95   

Statements of Assets and Liabilities

       97   

Statements of Operations

       101   

Statements of Changes in Net Assets

       105   

Financial Highlights

       109   

Notes to Financial Statements

       118   

Report of Independent Registered Public Accounting Firm

       135   

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

       136   

Trustees and Officers Information (unaudited)

       139   

Supplemental Information (unaudited)

       141   

General Information (unaudited)

       144   

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


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited)

 

Market Environment Overview

The U.S. equity market, as measured by the S&P 500® Index, returned 3.99% for the 12-month period ended June 30, 2016 (the “period”). While the U.S. equity market return for the period was positive, it was marked by several bouts of volatility. First was in late August and early September of 2015 on fears of a hard landing from China, second was January and February of 2016 on fears of a recession in the U.S. and disappointment from foreign central banks, and third was a result of Britain voting to leave the European Union in late June of 2016. Even though the first two periods had pull backs of over 10% and the last at around 7%, the S&P 500® Index rebounded each instance and finished the period near its all time high.

The international developed market, as measured by the MSCI EAFE Index, returned -10.19% in local currency terms and -10.16% in U.S. dollar terms. The small difference between the local currency and U.S. dollar returns masks the volatility in the foreign exchange markets tied to different central bank agendas around the world. In December, the Federal Reserve (Fed) raised interest rates for the first time since before the 08’ financial crisis, and was expected to hike another 2 to 4 times, but by the end of the period those expectations have been muted to expect no hike for the remaining 2016 calendar year. The European Central Bank (ECB) and Bank of Japan (BOJ) both took further measures throughout the period to stimulate growth in their respective domiciles by implementing Negative Interest Rate Policies (NIRP) and expectations are for them to continue with their aggressive easing policies. With continued easing from central banks and renewed concerns over global growth over the period, global bond yields continued to fall further from historic lows.

Emerging markets, as measured by the MSCI Emerging Markets Index, returned -12.06% over the period. Although the MSCI Emerging Markets Index has rebounded 6.41% over the past six months, it wasn’t enough to erase the damage done from fears of a Chinese slowdown and potential currency devaluation in the second half of 2015. Also, pressure from falling oil prices and the first Fed rate hike in almost a decade, weighed on emerging market equities in the second half of 2015.

WisdomTree Funds’ Performance Overview

The following table reflects the WisdomTree Funds’ performance (excluding those with less than six months of operating history) versus their capitalization-weighted benchmark indexes:

 

Ticker   WisdomTree Fund   Since
Inception
NAV Return
  Performance Benchmark   Since WT
Fund
Inception
Return
       Difference

EZR

  WisdomTree Europe Local Recovery Fund1   -13.76%   MSCI European Economic and Monetary Union (EMU) Index     -10.66%         -3.10%

HGSD

  WisdomTree Global Hedged SmallCap Dividend Fund2   4.20%   MSCI AC World Small Cap Local Currency Index     -0.87%         5.07%

GSD

  WisdomTree Global SmallCap Dividend Fund3   8.71%   MSCI AC World Small Cap Index     2.28%         6.43%

EMSD

  WisdomTree Strong Dollar Emerging Markets Equity Fund1   -2.88%   MSCI Emerging Markets Index     0.19%         -3.07%

USSD

  WisdomTree Strong Dollar U.S. Equity Fund4   5.62%   S&P 500® Index     1.16%         4.46%

USWD

  WisdomTree Weak Dollar U.S. Equity Fund4   -1.03%   S&P 500® Index     1.16%         -2.19%

DYB

 

WisdomTree Dynamic Bearish U.S. Equity Fund5

  0.06%
  S&P 500® Index     2.84%         -2.78%
        S&P 500® Inverse Daily Index     -3.65%         3.71%

DYLS

  WisdomTree Dynamic Long/Short U.S. Equity Fund5   6.88%   S&P 500® Index     2.84%         4.04%

 

WisdomTree Trust Annual Report June 30, 2016      1   


Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (concluded)

 

1 

Total returns shown are for the period October 29, 2015 (commencement of operations) through June 30, 2016.

2 

Total returns shown are for the period November 19, 2015 (commencement of operations) through June 30, 2016.

3 

Total returns shown are for the period November 12, 2015 (commencement of operations) through June 30, 2016.

4 

Total returns shown are for the period July 21, 2015 (commencement of operations) through June 30, 2016.

5 

Total returns shown are for the period December 23, 2015 (commencement of operations) through June 30, 2016.

Sources: WisdomTree, Bloomberg, as of 6/30/16

Two of the strongest relative performance advantages measured versus the requisite performance benchmarks came with respect to the WisdomTree Global SmallCap Dividend Fund (GSD) and WisdomTree Global Hedged SmallCap Dividend Fund (HGSD). This ultimately makes sense, in that both of these funds use a fundamentally weighted approach by focusing on dividend paying small caps, which have tended to historically do well during times of falling interest rates and higher volatility.

Two other strong relative performers since their respective inception were the WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS) and WisdomTree Dynamic Bearish U.S. Equity Fund (DYB). These funds apply a dynamic market hedge on a monthly basis determined by growth and value characteristics of the U.S. market. As a result of the quantitative signal, DYLS was hedged during the first two months of the 2016 year, which enabled it remain flat as the S&P 500® Index fell, helping drive the outperformance since inception. Also, as a result of the dynamic hedge, DYB was able to switch from a net short position during the first quarter to slight net long position in the second quarter, limiting the negative impact from being short the market and enabling it to outperform the S&P 500® Inverse Daily Index since inception.

WisdomTree Strong Dollar U.S. Equity Fund (USSD) was able to outperform its performance benchmark, the S&P 500® Index, by 4.46% over the period. By focusing on companies that generate at least 80% of their revenue from within the U.S., USSD was able to tilt towards Telecommunications, Utilities and Real Estate companies which benefited from a decline in interest rates and their revenue being more domestically focused. The WisdomTree Weak Dollar U.S. Equity Fund (USWD) underperformed its performance benchmark over the period, primarily as a result of the fund focusing on companies generating more than 40% of their revenue from outside the U.S., leaving the

fund susceptible to currency volatility and negative sentiment surrounding global growth. The WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD) underperformed its performance benchmark, the MSCI Emerging Markets Index, since inception due to its avoidance of the Energy and Materials sectors, which staged a rally during the first half of 2016.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 20 and 21 for the list of index descriptions.

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

 

2   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Financials

    22.9%   

Industrials

    13.0%   

Consumer Discretionary

    12.6%   

Consumer Staples

    11.3%   

Utilities

    10.4%   

Energy

    7.5%   

Telecommunication Services

    6.8%   

Materials

    6.3%   

Healthcare

    5.0%   

Information Technology

    3.8%   

Other Assets less Liabilities

    0.4%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Anheuser-Busch InBev N.V.

    4.5%   

TOTAL S.A.

    3.0%   

Telefonica S.A.

    2.7%   

Eni SpA

    2.3%   

Daimler AG, Registered Shares

    2.3%   

Siemens AG, Registered Shares

    2.3%   

BASF SE

    1.9%   

Allianz SE, Registered Shares

    1.9%   

Sanofi

    1.9%   

Banco Santander S.A.

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

The WisdomTree Dynamic Currency Hedged Europe Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Europe Equity Index.

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

 

WisdomTree Trust Annual Report June 30, 2016      3   


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Financials

    23.7%   

Industrials

    11.8%   

Consumer Discretionary

    11.6%   

Consumer Staples

    10.7%   

Healthcare

    9.0%   

Energy

    8.9%   

Telecommunication Services

    8.3%   

Materials

    5.9%   

Utilities

    5.7%   

Information Technology

    3.6%   

Other Assets less Liabilities

    0.8%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

BP PLC

    1.7%   

Royal Dutch Shell PLC, Class A

    1.6%   

Nestle S.A., Registered Shares

    1.6%   

China Mobile Ltd.

    1.5%   

GlaxoSmithKline PLC

    1.5%   

HSBC Holdings PLC

    1.4%   

TOTAL S.A.

    1.4%   

Novartis AG, Registered Shares

    1.4%   

Roche Holding AG, Genusschein

    1.4%   

Toyota Motor Corp.

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

The WisdomTree Dynamic Currency Hedged International Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International Equity Index.

The Fund had less than six months of operating history at the end of the reporting

period and therefore no comparative performance information is shown in this

shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.

 

4   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

Sector Breakdown as of 6/30/16

 

Sector   % of Net Assets  

Industrials

    24.1%   

Consumer Discretionary

    20.3%   

Financials

    19.2%   

Materials

    9.4%   

Information Technology

    8.3%   

Consumer Staples

    5.8%   

Healthcare

    4.5%   

Energy

    3.8%   

Utilities

    2.6%   

Telecommunication Services

    1.6%   

Other Assets less Liabilities

    0.4%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Saras SpA

    0.6%   

Euronav N.V.

    0.6%   

Navigator Co. S.A. (The)

    0.6%   

Air New Zealand Ltd.

    0.5%   

Television Broadcasts Ltd.

    0.5%   

Austevoll Seafood ASA

    0.5%   

UNIQA Insurance Group AG

    0.5%   

IOOF Holdings Ltd.

    0.4%   

Genworth Mortgage Insurance Australia Ltd.

    0.4%   

Genesis Energy Ltd.

    0.4%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index.

The Fund had less than six months of operating history at the end of the reporting

period and therefore no comparative performance information is shown in this

shareholder report. Comparative performance information for the most recent month-end is available at www.wisdomtree.com.

 

WisdomTree Trust Annual Report June 30, 2016      5   


Table of Contents

Performance Summary (unaudited)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

 

Sector Breakdown as of 6/30/16

 

Sector   % of Net Assets  

Consumer Discretionary

    21.5%   

Industrials

    19.2%   

Financials

    17.9%   

Information Technology

    10.1%   

Telecommunication Services

    8.3%   

Consumer Staples

    7.9%   

Healthcare

    7.0%   

Materials

    5.8%   

Utilities

    1.4%   

Energy

    0.9%   

Other Assets less Liabilities

    0.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Toyota Motor Corp.

    4.8%   

NTT DOCOMO, Inc.

    3.1%   

Nippon Telegraph & Telephone Corp.

    2.6%   

Japan Tobacco, Inc.

    2.4%   

Mitsubishi UFJ Financial Group, Inc.

    2.3%   

KDDI Corp.

    2.0%   

Canon, Inc.

    2.0%   

Sumitomo Mitsui Financial Group, Inc.

    2.0%   

Mizuho Financial Group, Inc.

    1.9%   

Nissan Motor Co., Ltd.

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

The WisdomTree Dynamic Currency Hedged Japan Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Currency Hedged Japan Equity Index.

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

 

6   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Dividend Fund (DVEM)

 

Sector Breakdown as of 6/30/16

 

Sector   % of Net Assets  

Financials

    23.6%   

Information Technology

    14.1%   

Telecommunication Services

    12.7%   

Energy

    11.4%   

Materials

    9.3%   

Consumer Staples

    9.2%   

Consumer Discretionary

    6.8%   

Industrials

    6.1%   

Utilities

    5.0%   

Healthcare

    0.9%   

Other Assets less Liabilities

    0.9%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

China Mobile Ltd.

    3.8%   

China Construction Bank Corp., Class H

    3.8%   

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.8%   

Ambev S.A.

    2.3%   

Samsung Electronics Co., Ltd.

    1.9%   

CNOOC Ltd.

    1.7%   

Gazprom PJSC, ADR

    1.6%   

Lukoil PJSC, ADR

    1.4%   

MMC Norilsk Nickel PJSC, ADR

    1.4%   

Wal-Mart de Mexico S.A.B. de C.V.

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

The WisdomTree Emerging Markets Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Dividend Index.

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

 

WisdomTree Trust Annual Report June 30, 2016      7   


Table of Contents

Performance Summary (unaudited)

WisdomTree Europe Local Recovery Fund (EZR)

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Financials

    32.6%   

Industrials

    24.7%   

Consumer Discretionary

    21.6%   

Materials

    8.3%   

Information Technology

    6.8%   

Energy

    5.7%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

TOTAL S.A.

    2.4%   

BASF SE

    1.7%   

Allianz SE, Registered Shares

    1.6%   

BNP Paribas S.A.

    1.3%   

Vinci S.A.

    1.1%   

Eni SpA

    1.1%   

AXA S.A.

    1.1%   

ING Groep N.V., CVA

    1.1%   

Deutsche Post AG, Registered Shares

    0.9%   

Industria de Diseno Textil S.A.

    0.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Europe Local Recovery Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Local Recovery Index.

The Fund returned -13.76% at net asset value (“NAV”) from Fund inception on October 29, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in Finland. The Fund’s position in Italy created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated October 23, 2015, the Fund’s net and gross annual expense ratios were 0.48% and 0.58%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/16

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       -13.76

Fund Market Price Returns

       -13.28

WisdomTree Europe Local Recovery Index

       -13.88

MSCI European Economic and Monetary Union (EMU) Index

       -10.66
1 

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

 

LOGO

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

 

8   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Financials

    26.4%   

Industrials

    19.2%   

Consumer Discretionary

    14.1%   

Materials

    10.7%   

Information Technology

    7.8%   

Utilities

    7.7%   

Consumer Staples

    5.5%   

Energy

    3.0%   

Healthcare

    2.9%   

Telecommunication Services

    2.3%   

Investment Company

    0.1%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Gramercy Property Trust

    1.0%   

DuPont Fabros Technology, Inc.

    0.9%   

Select Income REIT

    0.9%   

Lexmark International, Inc., Class A

    0.8%   

Government Properties Income Trust

    0.8%   

Joy Global, Inc.

    0.8%   

Consolidated Communications Holdings, Inc.

    0.7%   

Pattern Energy Group, Inc.

    0.7%   

Cogent Communications Holdings, Inc.

    0.7%   

Olin Corp.

    0.7%   
* The ten largest holdings shown is that of the Underlying Fund and are subject to change, and there are no guarantees the Underlying Fund will remain invested in any particular company. Excludes Underlying Fund’s investment of cash collateral for securities on loan (if any).

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

The Fund returned 4.20% at net asset value (“NAV”) from Fund inception on November 19, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most form its position in the United States of America. The Fund’s position in the United Kingdom created the greatest drag on performance. During the fiscal period, the Fund utilized forward foreign currency contracts as hedges to offset applicable international currency exposure from positions in international equities held in the Underlying Fund. The Fund’s use of forward foreign currency contracts detracted from performance as a result of the overall depreciation in the U.S. dollar against applicable international currencies during the period.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated November 6, 2015, the Fund’s net and gross annual expense ratios were 0.43% and 0.86%, respectively. The prospectus expense ratio includes 0.43% of acquired fund fees and expenses (“AFFEs”). The prospectus expense ratio may not correlate to the expense ratio in the Fund’s financial highlights and financial statements because the financial highlights and financial statements reflect only the operating expenses of the Fund and do not include AFFEs, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies. WisdomTree Asset Management, Inc. has contractually agreed to waive a portion of its management fee in an amount equal to the AFFEs attributable to the Fund’s investments in the Underlying Fund through July 31, 2018, unless earlier terminated by the Board of Trustees of WisdomTree Trust for any reason at any time.

Performance as of 6/30/16

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       4.20

Fund Market Price Returns

       4.91

WisdomTree Global Hedged SmallCap Dividend Index

       5.09

MSCI AC World Small Cap Local Currency Index

       -0.87
1 

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

LOGO

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

 

WisdomTree Trust Annual Report June 30, 2016      9   


Table of Contents

Performance Summary (unaudited)

WisdomTree Global SmallCap Dividend Fund (GSD)

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Financials

    26.4%   

Industrials

    19.2%   

Consumer Discretionary

    14.1%   

Materials

    10.7%   

Information Technology

    7.8%   

Utilities

    7.7%   

Consumer Staples

    5.5%   

Energy

    3.0%   

Healthcare

    2.9%   

Telecommunication Services

    2.3%   

Investment Company

    0.1%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Gramercy Property Trust

    1.0%   

DuPont Fabros Technology, Inc.

    0.9%   

Select Income REIT

    0.9%   

Lexmark International, Inc., Class A

    0.8%   

Government Properties Income Trust

    0.8%   

Joy Global, Inc.

    0.8%   

Consolidated Communications Holdings, Inc.

    0.7%   

Pattern Energy Group, Inc.

    0.7%   

Cogent Communications Holdings, Inc.

    0.7%   

Olin Corp.

    0.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Global SmallCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Global SmallCap Dividend Index.

The Fund returned 8.71% at net asset value (“NAV”) from Fund inception on November 12, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the United States of America. The Fund’s positon in the United Kingdom created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated October 30, 2015, the Fund’s annual expense ratio was 0.43%.

Performance as of 6/30/16

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       8.71

Fund Market Price Returns

       8.85

WisdomTree Global SmallCap Dividend Index

       8.85

MSCI AC World Small Cap Index

       2.28
1 

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

LOGO

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

 

10   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Information Technology

    38.5%   

Consumer Discretionary

    21.9%   

Industrials

    17.7%   

Healthcare

    14.1%   

Consumer Staples

    7.6%   

Other Assets less Liabilities

    0.2%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Samsung Electronics Co., Ltd.

    6.1%   

Taiwan Semiconductor Manufacturing Co., Ltd.

    4.0%   

Hyundai Motor Co.

    2.2%   

Hon Hai Precision Industry Co., Ltd.

    1.8%   

Hankook Tire Co., Ltd.

    1.5%   

Kia Motors Corp.

    1.4%   

Gruma S.A.B. de C.V., Class B

    1.3%   

Pou Chen Corp.

    1.3%   

Cadila Healthcare Ltd.

    1.3%   

Tong Yang Industry Co., Ltd.

    1.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Strong Dollar Emerging Markets Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Strong Dollar Emerging Markets Equity Index.

The Fund returned -2.88% at net asset value (“NAV”) from Fund inception on October 29, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in Taiwan. The Fund’s position in South Korea created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated October 23, 2015, the Fund’s annual expense ratio was 0.58%.

Performance as of 6/30/16

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       -2.88

Fund Market Price Returns

       -2.14

WisdomTree Strong Dollar Emerging Markets Equity Index

       -3.06

MSCI Emerging Markets Index

       0.19
1 

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

LOGO

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

 

WisdomTree Trust Annual Report June 30, 2016      11   


Table of Contents

Performance Summary (unaudited)

WisdomTree Strong Dollar U.S. Equity Fund (USSD)

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Financials

    25.6%   

Consumer Discretionary

    20.4%   

Utilities

    13.0%   

Healthcare

    11.6%   

Consumer Staples

    9.8%   

Industrials

    9.5%   

Telecommunication Services

    5.8%   

Information Technology

    5.1%   

Other Assets less Liabilities

    -0.8%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

AT&T, Inc.

    1.6%   

Verizon Communications, Inc.

    1.5%   

Home Depot, Inc. (The)

    1.2%   

Comcast Corp., Class A

    1.2%   

Wells Fargo & Co.

    1.1%   

Altria Group, Inc.

    1.1%   

Charter Communications, Inc., Class A

    1.0%   

UnitedHealth Group, Inc.

    1.0%   

CVS Health Corp.

    0.9%   

Medivation, Inc.

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

The WisdomTree Strong Dollar U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Strong Dollar U.S. Equity Index.

The Fund returned 5.62% at net asset value (“NAV”) from Fund inception on July 21, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Utilities sector. The Fund’s position in the Healthcare sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated July 16, 2015, the Fund’s annual expense ratio was 0.33%.

Performance as of 6/30/16

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       5.62

Fund Market Price Returns

       5.32

WisdomTree Strong Dollar U.S. Equity Index

       5.33

S&P 500® Index

       1.16
1 

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

LOGO

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

 

12   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

WisdomTree Weak Dollar U.S. Equity Fund (USWD)

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Information Technology

    24.8%   

Healthcare

    14.6%   

Industrials

    14.2%   

Materials

    12.0%   

Consumer Discretionary

    11.0%   

Consumer Staples

    9.6%   

Financials

    6.6%   

Energy

    6.4%   

Utilities

    0.7%   

Other Assets less Liabilities

    0.1%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Exxon Mobil Corp.

    1.6%   

Apple, Inc.

    1.6%   

Johnson & Johnson

    1.5%   

Microsoft Corp.

    1.3%   

General Electric Co.

    1.1%   

Procter & Gamble Co. (The)

    1.1%   

Philip Morris International, Inc.

    1.1%   

Chevron Corp.

    1.1%   

Coca-Cola Co. (The)

    1.1%   

PepsiCo, Inc.

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

The WisdomTree Weak Dollar U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Weak Dollar U.S. Equity Index.

The Fund returned -1.03% at net asset value (“NAV”) from Fund inception on July 21, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Consumer Staples sector. The Fund’s position in the Healthcare sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated July 16, 2015, the Fund’s annual expense ratio was 0.33%.

Performance as of 6/30/16

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       -1.03

Fund Market Price Returns

       -1.31

WisdomTree Weak Dollar U.S. Equity Index

       -1.36

S&P 500® Index

       1.16
1 

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

LOGO

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

 

WisdomTree Trust Annual Report June 30, 2016      13   


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Financials

    23.5%   

Healthcare

    17.1%   

Consumer Discretionary

    14.7%   

Industrials

    10.3%   

Telecommunication Services

    8.0%   

Energy

    7.8%   

Consumer Staples

    7.3%   

Information Technology

    6.5%   

Utilities

    1.8%   

Materials

    1.8%   

Other Assets less Liabilities

    1.2%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Time Warner, Inc., 3.60%, 7/15/25

    3.3%   

Home Depot, Inc. (The), 2.25%, 9/10/18

    3.2%   

Becton Dickinson and Co., 1.80%, 12/15/17

    3.2%   

Morgan Stanley, 4.88%, 11/1/22

    3.2%   

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

    3.2%   

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

    3.2%   

Wachovia Corp., 5.75%, 2/1/18

    3.2%   

Bear Stearns Cos. LLC (The), 6.40%, 10/2/17

    3.1%   

Citigroup, Inc., 5.50%, 9/13/25

    3.0%   

Halliburton Co., 3.50%, 8/1/23

    2.9%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Fundamental U.S. Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Corporate Bond Index.

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

 

14   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Healthcare

    18.3%   

Consumer Discretionary

    17.5%   

Telecommunication Services

    11.7%   

Information Technology

    10.6%   

Industrials

    9.6%   

Materials

    8.1%   

Utilities

    7.1%   

Consumer Staples

    6.1%   

Financials

    5.9%   

Energy

    2.1%   

Other Assets less Liabilities

    3.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Alcoa, Inc.,
6.15%, 8/15/20

    3.1%   

MGM Resorts International,
7.75%, 3/15/22

    3.1%   

L Brands, Inc.,
6.63%, 4/1/21

    3.0%   

Community Health Systems, Inc.,
5.13%, 8/15/18

    3.0%   

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

    3.0%   

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

    3.0%   

AmeriGas Finance LLC,
7.00%, 5/20/22

    3.0%   

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

    2.9%   

Cablevision Systems Corp.,
7.75%, 4/15/18

    2.9%   

CenturyLink, Inc.,
6.75%, 12/1/23, Series W

    2.8%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Fundamental U.S. High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. High Yield Corporate Bond Index.

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

 

WisdomTree Trust Annual Report June 30, 2016      15   


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Financials

    35.0%   

Healthcare

    18.6%   

Consumer Staples

    12.9%   

Information Technology

    8.9%   

Industrials

    8.1%   

Telecommunication Services

    7.3%   

Energy

    4.3%   

Materials

    2.0%   

Utilities

    1.5%   

Consumer Discretionary

    0.4%   

Other Assets less Liabilities

    1.0%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

AbbVie, Inc.,
1.75%, 11/6/17

    6.0%   

HSBC USA, Inc.,
1.63%, 1/16/18

    3.2%   

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

    3.2%   

United Technologies Corp.,
6.13%, 2/1/19

    3.2%   

International Business Machines Corp.,
5.70%, 9/14/17

    3.2%   

AT&T, Inc.,
5.50%, 2/1/18

    3.2%   

Verizon Communications, Inc.,
4.50%, 9/15/20

    3.0%   

American Express Credit Corp.,
1.13%, 6/5/17

    2.9%   

Stryker Corp.,
1.30%, 4/1/18

    2.9%   

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

    2.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-term Corporate Bond Index.

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

 

16   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Consumer Discretionary

    17.1%   

Financials

    16.6%   

Healthcare

    15.0%   

Telecommunication Services

    14.8%   

Industrials

    13.1%   

Materials

    9.7%   

Consumer Staples

    6.9%   

Energy

    3.0%   

Other Assets less Liabilities

    3.8%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Alcoa, Inc.,
6.15%, 8/15/20

    3.0%   

Frontier Communications Corp.,
8.88%, 9/15/20

    3.0%   

TransDigm, Inc.,
5.50%, 10/15/20

    3.0%   

DCP Midstream Operating L.P.,
2.50%, 12/1/17

    3.0%   

Gray Television, Inc.,
7.50%, 10/1/20

    3.0%   

CNH Industrial Capital LLC,
3.38%, 7/15/19

    3.0%   

HCA, Inc.,
8.00%, 10/1/18

    3.0%   

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

    3.0%   

T-Mobile USA, Inc.,
6.54%, 4/28/20

    3.0%   

Centene Corp.,
5.63%, 2/15/21

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

The WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Fundamental U.S. Short-term High Yield Corporate Bond Index.

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

 

WisdomTree Trust Annual Report June 30, 2016      17   


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Information Technology

    20.5%   

Financials

    17.3%   

Consumer Discretionary

    13.1%   

Healthcare

    13.0%   

Industrials

    11.5%   

Consumer Staples

    9.7%   

Energy

    6.9%   

Utilities

    3.0%   

Telecommunication Services

    2.7%   

Materials

    2.0%   

Other Assets less Liabilities

    0.3%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Cirrus Logic, Inc.

    3.4%   

Spectra Energy Corp.

    3.1%   

Clorox Co. (The)

    2.5%   

Kimco Realty Corp.

    2.4%   

MEDNAX, Inc.

    2.4%   

C.H. Robinson Worldwide, Inc.

    2.3%   

UGI Corp.

    2.1%   

Lockheed Martin Corp.

    2.0%   

Alere, Inc.

    1.7%   

Duke Realty Corp.

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

The WisdomTree Dynamic Bearish U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Bearish U.S. Equity Index.

The Fund returned 0.06% at net asset value (“NAV”) from Fund inception on December 23, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Financials sector. The Fund’s position in the Consumer Discretionary sector created the greatest drag on performance. During the fiscal period, the Fund utilized total return swap contracts to obtain short exposure to the S&P 500 Index. The Fund’s use of total return swap contracts detracted from performance as a result of the overall positive performance of the S&P 500 Index during the period which conversely generated net losses on the Fund’s total return swap contracts.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated December 10, 2015, the Fund’s net and gross annual expense ratios were 0.48% and 0.53%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through December 10, 2016, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/16

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       0.06

Fund Market Price Returns

       -0.02

WisdomTree Dynamic Bearish U.S. Equity Index

       0.26

S&P 500® Index

       2.84

S&P 500® Inverse Daily Index

       -3.65
1 

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

LOGO

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

 

18   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Performance Summary (unaudited)

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

 

Sector Breakdown† as of 6/30/16

 

Sector   % of Net Assets  

Information Technology

    20.5%   

Financials

    17.4%   

Consumer Discretionary

    13.1%   

Healthcare

    13.0%   

Industrials

    11.5%   

Consumer Staples

    9.8%   

Energy

    6.9%   

Utilities

    3.0%   

Telecommunication Services

    2.7%   

Materials

    2.0%   

Other Assets less Liabilities

    0.1%   

Total

    100.0%   

 

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

 

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

Top Ten Holdings* as of 6/30/16

 

Description   % of Net Assets  

Cirrus Logic, Inc.

    3.4%   

Spectra Energy Corp.

    3.1%   

Clorox Co. (The)

    2.5%   

Kimco Realty Corp.

    2.4%   

MEDNAX, Inc.

    2.4%   

C.H. Robinson Worldwide, Inc.

    2.3%   

UGI Corp.

    2.1%   

Lockheed Martin Corp.

    2.0%   

Alere, Inc.

    1.7%   

Duke Realty Corp.

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

The WisdomTree Dynamic Long/Short U.S. Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dynamic Long/Short U.S. Equity Index.

The Fund returned 6.88% at net asset value (“NAV”) from Fund inception on December 23, 2015 to June 30, 2016 (for more complete performance information please see the table below). The Fund benefited the most from its position in the Consumer Staples sector. The Fund’s position in the Energy sector created the greatest drag on performance. During the fiscal period, the Fund utilized total return swap contracts to periodically obtain short exposure to the S&P 500 Index. The Fund’s use of total return swap contracts contributed positively to performance as a result of the overall negative performance of the S&P 500 Index during the period(s) in which the Fund had short exposure to the S&P 500 Index.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of the Fund’s current prospectus dated December 10, 2015, the Fund’s net and gross annual expense ratios were 0.48% and 0.53%, respectively. WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through December 10, 2016, unless earlier terminated by the Board of Trustees of the Trust for any reason at any time.

Performance as of 6/30/16

 

        Cumulative Total Return  
        Since
Inception1
 

Fund NAV Returns

       6.88

Fund Market Price Returns

       6.68

WisdomTree Dynamic Long/Short U.S. Equity Index

       7.32

S&P 500® Index

       2.84
1 

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

LOGO

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

 

WisdomTree Trust Annual Report June 30, 2016      19   


Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this report:

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

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

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

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

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

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

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

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

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

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

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

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

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

The WisdomTree Weak Dollar U.S. Equity Index measures the performance of U.S. based companies that derive less than 60% of their revenue from the United States.

 

20   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Description of Indexes (unaudited) (concluded)

 

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

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

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

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

 

WisdomTree Trust Annual Report June 30, 2016      21   


Table of Contents

Shareholder Expense Examples (unaudited)

 

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

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from January 1, 2016 to June 30, 2016.

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 1/1/16 to 6/30/16” to estimate the expenses you paid on your account during the period.

Hypothetical example for comparison purposes

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

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

 

22   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Shareholder Expense Examples (unaudited) (continued)

 

 

      Beginning
Account Value
1/1/16
     Ending
Account Value
6/30/16
     Annualized
Expense Ratio
Based on the
Period‡
1/1/16 to
6/30/16
    Expenses Paid
During the
Period†
1/1/16 to
6/30/16
 

WisdomTree Dynamic Currency Hedged Europe Equity Fund

        

Actual1

   $ 1,000.00       $ 981.90         0.43 %1    $ 2.05   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.73         0.43 %1    $ 2.16   

WisdomTree Dynamic Currency Hedged International Equity Fund

        

Actual2

   $ 1,000.00       $ 1,018.20         0.35 %2    $ 1.70   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.12         0.35 %2    $ 1.76   

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

        

Actual1

   $ 1,000.00       $ 1,003.60         0.43 %1    $ 2.07   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.73         0.43 %1    $ 2.16   

WisdomTree Dynamic Currency Hedged Japan Equity Fund

        

Actual1

   $ 1,000.00       $ 920.00         0.43 %1    $ 1.99   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.73         0.43 %1    $ 2.16   

WisdomTree Emerging Markets Dividend Fund

        

Actual3

   $ 1,000.00       $ 1,050.10         0.32   $ 0.76   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.27         0.32   $ 1.61   

WisdomTree Europe Local Recovery Fund

        

Actual

   $ 1,000.00       $ 866.00         0.48 %4    $ 2.23   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.48         0.48 %4    $ 2.41   

WisdomTree Global Hedged SmallCap Dividend Fund

        

Actual

   $ 1,000.00       $ 1,053.50         0.00 %5    $ 0.00   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,024.86         0.00 %5    $ 0.00   

WisdomTree Global SmallCap Dividend Fund

        

Actual

   $ 1,000.00       $ 1,085.30         0.43   $ 2.23   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.73         0.43   $ 2.16   

WisdomTree Strong Dollar Emerging Markets Equity Fund

        

Actual

   $ 1,000.00       $ 1,009.30         0.58   $ 2.90   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,021.98         0.58   $ 2.92   

WisdomTree Strong Dollar U.S. Equity Fund

        

Actual

   $ 1,000.00       $ 1,072.50         0.33   $ 1.70   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.22         0.33   $ 1.66   

WisdomTree Weak Dollar U.S. Equity Fund

        

Actual

   $ 1,000.00       $ 1,032.20         0.33   $ 1.67   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.22         0.33   $ 1.66   

WisdomTree Fundamental U.S. Corporate Bond Fund

        

Actual6

   $ 1,000.00       $ 1,018.90         0.18 %6    $ 0.32   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.97         0.18 %6    $ 0.91   

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund

        

Actual7

   $ 1,000.00       $ 1,013.40         0.38 %7    $ 0.68   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.97         0.38 %7    $ 1.91   

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

        

Actual6

   $ 1,000.00       $ 1,006.60         0.18 %6    $ 0.32   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,023.97         0.18 %6    $ 0.91   

 

WisdomTree Trust Annual Report June 30, 2016      23   


Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

      Beginning
Account Value
1/1/16
     Ending
Account Value
6/30/16
     Annualized
Expense Ratio
Based on the
Period‡
1/1/16 to
6/30/16
    Expenses Paid
During the
Period†
1/1/16 to
6/30/16
 

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

        

Actual7

   $ 1,000.00       $ 1,017.30         0.38 %7    $ 0.68   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.97         0.38 %7    $ 1.91   

WisdomTree Dynamic Bearish U.S. Equity Fund

        

Actual

   $ 1,000.00       $ 990.80         0.48 %8    $ 2.38   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.48         0.48 %8    $ 2.41   

WisdomTree Dynamic Long/Short U.S. Equity Fund

        

Actual

   $ 1,000.00       $ 1,070.10         0.48 %8    $ 2.47   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.48         0.48 %8    $ 2.41   

 

The annualized expense ratio does not include AFFEs, which are fees and expenses incurred indirectly by a Fund through its investments in certain underlying investment companies.

 

Unless otherwise indicated in the footnotes below, expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/366 (to reflect the one-half year period).

 

1 

Fund commenced operations on January 7, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 176/366 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.43% through January 5, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

2 

Fund commenced operations on January 7, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 176/366 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.35% through January 5, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

3 

Fund commenced operations on April 7, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 85/366 (to reflect the period since commencement of operations).

 

4 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

5 

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

 

6 

Fund commenced operations on April 27, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 65/366 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.18% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

7 

Fund commenced operations on April 27, 2016. Actual expenses are calculated using the Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 65/366 (to reflect the period since commencement of operations). WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

8 

WisdomTree Asset Management, Inc. has contractually agreed to limit the management fee to 0.48% through December 10, 2016, unless earlier terminated by the Board of Trustees of the WisdomTree Trust for any reason.

 

24   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Austria – 1.0%      

Andritz AG

     153       $ 7,219   

Erste Group Bank AG*

     318         7,175   

EVN AG

     241         2,747   

Oesterreichische Post AG*

     128         4,125   

OMV AG

     363         10,169   

Telekom Austria AG*

     522         3,027   

UNIQA Insurance Group AG

     402         2,400   

Verbund AG

     312         4,405   

Voestalpine AG

     215         7,170   
     

 

 

 
Total Austria         48,437   
Belgium – 6.6%      

Ackermans & van Haaren N.V.

     12         1,469   

Ageas

     245         8,434   

Anheuser-Busch InBev N.V.

     1,588         207,469   

Bekaert S.A.

     100         4,329   

bpost S.A.

     404         10,271   

Cie d’Entreprises CFE

     39         3,543   

Cofinimmo S.A.

     44         5,169   

Colruyt S.A.

     152         8,371   

D’ieteren S.A./N.V.

     64         2,761   

Delhaize Group

     53         5,566   

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

     79         4,416   

Euronav N.V.

     597         5,468   

Melexis N.V.

     40         2,502   

Proximus SADP

     449         14,204   

Solvay S.A.

     114         10,560   

UCB S.A.

     53         3,957   

Umicore S.A.

     112         5,757   

Warehouses De Pauw

     27         2,527   
     

 

 

 
Total Belgium         306,773   
Finland – 4.9%      

Amer Sports Oyj

     50         1,364   

Cargotec Oyj Class B

     48         1,942   

Elisa Oyj

     204         7,796   

Fortum Oyj

     2,210         35,306   

Huhtamaki Oyj

     92         3,800   

Kemira Oyj

     198         2,345   

Kesko Oyj Class B

     124         5,251   

Kone Oyj Class B

     544         24,930   

Konecranes Oyj

     126         3,172   

Metso Oyj

     244         5,701   

Neste Oyj

     294         10,494   

Nokia Oyj

     9,525         54,020   

Nokian Renkaat Oyj

     195         6,939   

Orion Oyj Class B

     168         6,495   

Sampo Oyj Class A

     760         30,843   

Stora Enso Oyj Class R

     521         4,156   

Tieto Oyj

     74         2,017   

UPM-Kymmene Oyj

     744         13,555   

Valmet Oyj

     184         2,443   

Wartsila Oyj Abp

     190         7,715   
     

 

 

 
Total Finland         230,284   
France – 26.0%      

Accor S.A.

     125       4,817   

Aeroports de Paris

     59         6,491   

Air Liquide S.A.

     186         19,436   

Airbus Group SE

     616         35,401   

Alten S.A.

     32         1,889   

Amundi S.A.(a)

     206         8,571   

Arkema S.A.

     56         4,297   

Atos SE

     36         2,981   

AXA S.A.

     2,183         43,181   

BNP Paribas S.A.

     1,238         54,677   

Bollore S.A.

     870         2,948   

Bouygues S.A.

     231         6,654   

Bureau Veritas S.A.

     284         5,996   

Capgemini S.A.

     68         5,908   

Carrefour S.A.

     276         6,810   

Casino Guichard Perrachon S.A.

     143         7,978   

Christian Dior SE

     103         16,569   

Cie de Saint-Gobain

     387         14,770   

Cie Generale des Etablissements Michelin

     128         12,117   

CNP Assurances

     940         13,905   

Coface S.A.

     384         2,607   

Credit Agricole S.A.

     3,979         33,419   

Danone S.A.

     376         26,487   

Dassault Systemes

     64         4,855   

Edenred

     271         5,568   

Eiffage S.A.

     32         2,283   

Electricite de France S.A.

     3,918         47,749   

Engie S.A.

     3,229         52,051   

Essilor International S.A.

     56         7,394   

Euler Hermes Group

     94         7,859   

Eurazeo S.A.

     57         3,388   

Fonciere Des Regions

     42         3,733   

Gaztransport Et Technigaz S.A.

     59         1,796   

Groupe Eurotunnel SE Registered Shares

     127         1,347   

Havas S.A.

     253         1,960   

Hermes International

     29         10,856   

ICADE

     76         5,376   

Imerys S.A.

     64         4,090   

JCDecaux S.A.

     92         3,106   

Kering

     76         12,281   

Klepierre

     243         10,758   

L’Oreal S.A.

     247         47,198   

Legrand S.A.

     122         6,277   

LVMH Moet Hennessy Louis Vuitton SE

     259         39,132   

Metropole Television S.A.

     188         3,133   

Natixis S.A.

     5,441         20,606   

Nexity S.A.*

     84         4,264   

Orange S.A.

     2,110         34,353   

Pernod Ricard S.A.

     85         9,453   

Plastic Omnium S.A.

     49         1,377   

Publicis Groupe S.A.

     122         8,204   

Remy Cointreau S.A.

     28         2,410   

Renault S.A.

     146         11,101   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      25   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Rexel S.A.*

     276       $ 3,469   

Rubis SCA

     24         1,838   

Safran S.A.

     200         13,536   

Sanofi

     1,064         88,559   

Schneider Electric SE

     480         28,295   

SCOR SE

     291         8,672   

SEB S.A.

     28         3,388   

Societe BIC S.A.

     67         9,449   

Societe Generale S.A.

     969         30,368   

Sodexo S.A.

     84         9,030   

SPIE S.A.

     128         2,299   

Suez

     91         1,423   

Tarkett S.A.

     52         1,702   

Technip S.A.

     127         6,887   

Teleperformance

     28         2,394   

Television Francaise 1

     210         2,230   

Thales S.A.

     116         9,667   

TOTAL S.A.

     2,935         141,446   

Unibail-Rodamco SE

     73         18,949   

Valeo S.A.

     98         4,369   

Veolia Environnement S.A.

     205         4,434   

Vicat S.A.

     45         2,545   

Vinci S.A.

     387         27,383   

Vivendi S.A.

     3,792         71,195   

Wendel S.A.

     24         2,483   
     

 

 

 
Total France         1,207,877   
Germany – 25.1%      

Aareal Bank AG

     84         2,638   

adidas AG

     118         16,839   

Allianz SE Registered Shares

     633         89,873   

AURELIUS SE & Co. KGaA

     40         2,342   

Aurubis AG

     36         1,633   

Axel Springer SE

     103         5,392   

BASF SE

     1,179         89,905   

Bayer AG Registered Shares

     710         70,990   

Bayerische Motoren Werke AG

     825         60,299   

Bechtle AG

     20         2,098   

Beiersdorf AG

     70         6,602   

Bertrandt AG

     18         1,760   

Brenntag AG

     89         4,294   

Carl Zeiss Meditec AG Bearer Shares

     64         2,591   

Celesio AG

     321         9,058   

Commerzbank AG

     1,343         8,689   

Continental AG

     93         17,492   

Covestro AG(a)

     80         3,550   

Daimler AG Registered Shares

     1,811         107,678   

Deutsche Boerse AG

     164         13,399   

Deutsche Lufthansa AG Registered Shares

     620         7,253   

Deutsche Post AG Registered Shares

     1,251         34,988   

Deutsche Telekom AG Registered Shares

     4,844         82,228   

Deutsche Wohnen AG Bearer Shares

     248         8,410   

DMG MORI AG*

     60         2,820   

Drillisch AG

     88         3,367   

Duerr AG

     35         2,644   

E.ON SE

     3,568       35,778   

ElringKlinger AG

     90         1,764   

Evonik Industries AG

     636         18,894   

Fielmann AG

     49         3,573   

Fraport AG Frankfurt Airport Services Worldwide

     22         1,174   

Freenet AG

     77         1,974   

Fresenius Medical Care AG & Co. KGaA

     85         7,368   

Fresenius SE & Co. KGaA

     147         10,749   

Fuchs Petrolub SE

     48         1,725   

GEA Group AG

     128         6,012   

Hamburger Hafen und Logistik AG

     151         2,255   

Hannover Rueck SE

     200         20,844   

HeidelbergCement AG

     66         4,947   

Hella KGaA Hueck & Co.

     112         3,579   

Henkel AG & Co. KGaA

     136         14,636   

Hochtief AG

     75         9,640   

Hugo Boss AG

     148         8,369   

Infineon Technologies AG

     480         6,919   

K+S AG Registered Shares

     296         6,033   

KION Group AG

     52         2,509   

Krones AG

     20         2,106   

LANXESS AG

     36         1,571   

LEG Immobilien AG*

     64         5,965   

Linde AG

     151         21,028   

MAN SE

     164         16,742   

Merck KGaA

     93         9,407   

METRO AG

     337         10,284   

MTU Aero Engines AG

     18         1,676   

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     217         36,222   

NORMA Group SE

     39         1,842   

OSRAM Licht AG

     76         3,929   

ProSiebenSat.1 Media SE*

     154         6,709   

Rheinmetall AG

     22         1,300   

SAP SE

     603         44,991   

Siemens AG Registered Shares

     1,044         106,484   

Software AG

     58         1,968   

STADA Arzneimittel AG*

     56         2,889   

Suedzucker AG

     122         2,680   

Symrise AG

     35         2,378   

Talanx AG

     424         12,544   

Telefonica Deutschland Holding AG

     6,193         25,408   

ThyssenKrupp AG

     113         2,261   

TUI AG

     811         9,163   

United Internet AG Registered Shares

     22         909   

Volkswagen AG

     24         3,210   

Wacker Chemie AG

     38         3,312   

Wacker Neuson SE

     94         1,454   
     

 

 

 
Total Germany         1,166,006   
Ireland – 0.7%      

C&C Group PLC

     338         1,325   

CRH PLC

     621         17,937   

Glanbia PLC

     119         2,238   

Kerry Group PLC Class A

     44         3,904   

 

See Notes to Financial Statements.

 

26   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Paddy Power Betfair PLC

     20       $ 2,100   

Smurfit Kappa Group PLC

     216         4,751   
     

 

 

 
Total Ireland         32,255   
Italy – 10.5%      

A2A SpA

     2,749         3,598   

ACEA SpA

     154         1,870   

Anima Holding SpA(a)

     784         3,667   

Assicurazioni Generali SpA

     3,005         35,220   

Atlantia SpA

     922         22,913   

Azimut Holding SpA

     88         1,426   

Banca Generali SpA

     279         5,561   

Banca Mediolanum SpA

     1,087         7,409   

Banca Popolare dell’Emilia Romagna SC

     622         2,265   

Banca Popolare di Sondrio SCARL

     1,068         2,736   

Banco Popolare

     854         2,034   

Brembo SpA

     56         3,074   

Davide Campari-Milano SpA

     320         3,157   

De’ Longhi SpA

     142         3,373   

DiaSorin SpA

     40         2,444   

Enel SpA

     13,641         60,315   

Eni SpA

     6,713         108,287   

FinecoBank Banca Fineco SpA

     356         2,314   

Hera SpA

     1,635         4,465   

Industria Macchine Automatiche SpA

     52         3,122   

Infrastrutture Wireless Italiane SpA(a)

     668         2,942   

Intesa Sanpaolo SpA

     27,964         52,875   

Intesa Sanpaolo SpA RSP

     1,638         2,910   

Iren SpA

     2,290         3,536   

Luxottica Group SpA

     252         12,217   

MARR SpA

     116         2,192   

Mediobanca SpA

     1,182         6,769   

Moncler SpA

     85         1,335   

Parmalat SpA

     811         2,110   

Poste Italiane SpA(a)

     2,021         13,381   

Prysmian SpA

     200         4,364   

Recordati SpA

     196         5,879   

Salvatore Ferragamo SpA

     171         3,467   

Saras SpA

     3,206         5,553   

Snam SpA

     5,655         33,674   

Societa Cattolica di Assicurazioni SCRL

     659         4,151   

Societa Iniziative Autostradali e Servizi SpA

     170         1,463   

Telecom Italia SpA RSP*

     3,238         2,076   

Terna Rete Elettrica Nazionale SpA

     2,521         13,987   

UniCredit SpA

     9,995         21,875   

Unione di Banche Italiane SpA

     1,901         5,225   

Unipol Gruppo Finanziario SpA

     1,764         4,127   

UnipolSai SpA

     3,014         4,510   
     

 

 

 
Total Italy         489,868   
Netherlands – 6.2%      

Aalberts Industries N.V.

     42         1,262   

ABN AMRO Group CVA N.V.(a)

     693         11,467   

Aegon N.V.

     2,914         11,428   

Akzo Nobel N.V.

     195         12,212   

Arcadis N.V.

     142       2,141   

ASM International N.V.

     60         2,323   

ASML Holding N.V.

     164         16,104   

BE Semiconductor Industries N.V.

     79         2,147   

Boskalis Westminster

     88         3,020   

Flow Traders(a)

     104         3,577   

Gemalto N.V.

     31         1,887   

GrandVision N.V.(a)

     123         3,193   

Heineken Holding N.V.

     181         14,711   

Heineken N.V.

     313         28,781   

ING Groep N.V. CVA

     7,238         73,809   

Koninklijke Ahold N.V.

     654         14,459   

Koninklijke DSM N.V.

     212         12,245   

Koninklijke KPN N.V.

     3,144         11,369   

Koninklijke Philips N.V.

     1,068         26,572   

Koninklijke Vopak N.V.

     104         5,187   

NN Group N.V.

     562         15,481   

Randstad Holding N.V.

     82         3,294   

Wolters Kluwer N.V.

     308         12,510   
     

 

 

 
Total Netherlands         289,179   
Portugal – 1.1%      

CTT – Correios de Portugal S.A.

     185         1,462   

EDP – Energias de Portugal S.A.

     6,178         18,902   

Galp Energia, SGPS, S.A.

     1,040         14,442   

Jeronimo Martins, SGPS, S.A.

     504         7,928   

Navigator Co. S.A. (The)

     948         2,648   

NOS, SGPS S.A.

     688         4,166   
     

 

 

 
Total Portugal         49,548   
Spain – 15.5%      

Abertis Infraestructuras S.A.

     1,241         18,199   

Acciona S.A.

     42         3,044   

Acerinox S.A.

     364         4,016   

ACS Actividades de Construccion y Servicios S.A.

     473         12,819   

Almirall S.A.

     141         2,101   

Amadeus IT Holding S.A. Class A

     261         11,388   

Atresmedia Corp. de Medios de Comunicaion S.A.

     269         2,606   

Banco Bilbao Vizcaya Argentaria S.A.

     13,047         73,400   

Banco de Sabadell S.A.

     7,767         10,173   

Banco Santander S.A.

     22,048         83,991   

Bankia S.A.

     22,467         16,124   

Bankinter S.A.

     374         2,397   

Bolsas y Mercados Espanoles SHMSF S.A.

     240         6,676   

CaixaBank S.A.

     13,456         29,405   

Cia de Distribucion Integral Logista Holdings S.A.

     164         3,443   

Distribuidora Internacional de Alimentacion S.A.*

     674         3,895   

Ebro Foods S.A.

     220         5,030   

EDP Renovaveis S.A.

     341         2,568   

Enagas S.A.

     351         10,647   

Endesa S.A.

     1,471         29,465   

Ferrovial S.A.

     733         14,202   

Gas Natural SDG S.A.

     1,648         32,342   

Grifols S.A.

     150         3,376   

Grupo Catalana Occidente S.A.

     91         2,501   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      27   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Iberdrola S.A.

     8,891       $ 60,124   

Industria de Diseno Textil S.A.

     1,885         62,636   

Mapfre S.A.

     6,815         14,824   

Mediaset Espana Comunicacion S.A.

     427         4,775   

Obrascon Huarte Lain S.A.*

     668         2,323   

Prosegur Cia de Seguridad S.A.

     640         3,839   

Red Electrica Corp. S.A.

     180         16,032   

Repsol S.A.

     3,113         39,460   

Sacyr S.A.

     1,948         3,157   

Telefonica S.A.

     13,430         126,224   

Zardoya Otis S.A.

     278         2,597   
     

 

 

 
Total Spain               719,799   
Switzerland – 0.2%      

STMicroelectronics N.V.

     1,941         11,299   
United Kingdom – 1.8%      

CNH Industrial N.V.

     1,074         7,732   

Unilever N.V. CVA

     1,654         77,010   
     

 

 

 
Total United Kingdom               84,742   
TOTAL COMMON STOCKS
(Cost: $4,619,465)
              4,636,067   
RIGHTS – 0.0%      
Spain – 0.0%      

Acerinox S.A., expiring 7/13/16*

     364         183   

ACS Actividades de Construccion y Servicios S.A., expiring 7/18/16*

     473         333   
     

 

 

 
TOTAL RIGHTS
(Cost: $552)
              516   
TOTAL INVESTMENTS IN SECURITIES – 99.6%
(Cost: $4,620,017)
        4,636,583   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.4%

        18,159   
     

 

 

 
NET ASSETS – 100.0%             $ 4,654,742   
* 

Non-income producing security.

 

(a) 

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

 

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

RSP – Risparmio Italian Savings Shares

 

FINANCIAL DERIVATIVE INSTRUMENTS   

 

FOREIGN CURRENCY CONTRACTS     

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2016

    EUR        366,086        USD        407,986      $ 1,283   

7/5/2016

    EUR        480,472        USD        535,481        1,701   

7/5/2016

    EUR        480,493        USD        535,481        1,677   

7/5/2016

    EUR        480,474        USD        535,481        1,699   

7/5/2016

    EUR        480,457        USD        535,481        1,717   

7/5/2016

    EUR        1,354        USD        1,501        (3

7/5/2016

    EUR        360        USD        399        (1

7/5/2016

    USD        58,049        EUR        51,169        (1,202

7/5/2016

    USD        523,290        EUR        471,006        (26

7/5/2016

    USD        523,290        EUR        471,020        (11

7/5/2016

    USD        523,290        EUR        471,008        (24

7/5/2016

    USD        523,290        EUR        471,006        (27

7/5/2016

    USD        398,701        EUR        358,873        (11

8/2/2016

    EUR        433,958        USD        482,598        8   

8/2/2016

    EUR        433,943        USD        482,598        24   

8/2/2016

    EUR        433,964        USD        482,598        1   

8/2/2016

    EUR        433,963        USD        482,598        2   

8/2/2016

    EUR        330,651        USD        367,697        (9
                                    $ 6,798   

CURRENCY LEGEND

 

EUR – Euro

USD – U.S. dollar

 

See Notes to Financial Statements.

 

28   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 7.4%      

AGL Energy Ltd.

     18,691       $ 268,465   

Amcor Ltd.

     22,308         247,995   

Ansell Ltd.

     3,216         43,511   

Aristocrat Leisure Ltd.

     14,672         150,762   

Asaleo Care Ltd.

     44,224         69,151   

Asciano Ltd.

     15,677         103,540   

ASX Ltd.

     4,824         164,368   

Aurizon Holdings Ltd.

     49,449         177,471   

Australia & New Zealand Banking Group Ltd.

     85,733         1,539,743   

Bank of Queensland Ltd.

     600         4,731   

Bendigo & Adelaide Bank Ltd.

     5,627         40,223   

BHP Billiton Ltd.

     104,436         1,450,281   

Boral Ltd.

     25,725         119,143   

Brickworks Ltd.

     6,377         68,186   

Caltex Australia Ltd.

     1,810         42,992   

carsales.com Ltd.

     431         3,954   

CIMIC Group Ltd.

     12,863         342,406   

Cleanaway Waste Management Ltd.

     120,191         71,595   

Cochlear Ltd.

     1,809         163,322   

Commonwealth Bank of Australia

     42,201         2,336,918   

Computershare Ltd.

     14,068         96,056   

Cover-More Group Ltd.

     31,755         28,610   

Crown Resorts Ltd.

     15,677         147,198   

CSL Ltd.

     4,419         369,116   

CSR Ltd.

     33,162         89,880   

Downer EDI Ltd.

     30,750         87,007   

Fairfax Media Ltd.

     144,522         100,078   

Fortescue Metals Group Ltd.

     78,445         204,436   

Genworth Mortgage Insurance Australia Ltd.

     22,349         45,763   

GrainCorp Ltd. Class A

     1,604         10,307   

Harvey Norman Holdings Ltd.

     36,976         126,924   

Healthscope Ltd.

     38,383         81,739   

Iluka Resources Ltd.

     15,906         76,865   

Incitec Pivot Ltd.

     34,166         75,557   

Insurance Australia Group Ltd.

     85,020         345,017   

IOOF Holdings Ltd.

     7,435         43,348   

IRESS Ltd.

     11,054         89,634   

JB Hi-Fi Ltd.

     3,617         64,907   

Macquarie Group Ltd.

     5,169         265,185   

Magellan Financial Group Ltd.

     5,226         86,581   

National Australia Bank Ltd.

     75,300         1,425,819   

Navitas Ltd.

     24,317         99,404   

NIB Holdings Ltd.

     35,569         111,765   

Origin Energy Ltd.

     33,162         141,981   

Perpetual Ltd.

     3,792         116,103   

Platinum Asset Management Ltd.

     25,524         109,470   

Premier Investments Ltd.

     11,054         117,371   

Primary Health Care Ltd.

     29,946         88,076   

QBE Insurance Group Ltd.

     27,567         214,090   

Qube Holdings Ltd.

     48,041         79,055   

REA Group Ltd.

     2,815         124,694   

Rio Tinto Ltd.

     13,774         466,653   

Santos Ltd.

     27,535       95,132   

Select Harvests Ltd.

     10,852         54,462   

Sonic Healthcare Ltd.

     11,254         180,583   

Star Entertainment Grp Ltd. (The)

     10,340         41,575   

Steadfast Group Ltd.

     61,709         90,748   

Suncorp Group Ltd.

     35,769         324,397   

Super Retail Group Ltd.

     9,445         61,677   

Tabcorp Holdings Ltd.

     28,540         97,117   

Tatts Group Ltd.

     12,464         35,452   

Technology One Ltd.

     24,318         93,614   

Telstra Corp., Ltd.

     325,353         1,346,954   

TPG Telecom Ltd.

     10,450         92,595   

Treasury Wine Estates Ltd.

     19,093         131,220   

Wesfarmers Ltd.

     14,333         427,961   

Westpac Banking Corp.

     90,297         1,976,713   
     

 

 

 
Total Australia         17,987,646   
Austria – 0.3%      

EVN AG

     14,873         169,528   

OMV AG

     10,049         281,498   

Voestalpine AG

     7,910         263,804   
     

 

 

 
Total Austria         714,830   
Belgium – 1.9%      

Ackermans & van Haaren N.V.

     1,809         221,470   

Ageas

     6,230         214,454   

Anheuser-Busch InBev N.V.

     24,518         3,203,219   

bpost S.A.

     6,030         153,307   

Colruyt S.A.

     4,221         232,473   

Delhaize Group

     1,809         189,978   

Euronav N.V.

     3,618         33,136   

Proximus SADP

     10,453         330,673   

UCB S.A.

     1,072         80,031   
     

 

 

 
Total Belgium         4,658,741   
China – 3.0%      

Beijing Enterprises Holdings Ltd.

     27,000         152,437   

China Everbright International Ltd.

     95,000         105,311   

China Jinmao Holdings Group Ltd.

     402,000         112,963   

China Mobile Ltd.

     324,000         3,702,344   

China Overseas Land & Investment Ltd.

     98,000         309,489   

China Power International Development Ltd.

     201,000         73,840   

China Resources Power Holdings Co., Ltd.

     104,000         154,969   

China South City Holdings Ltd.

     402,000         77,727   

CITIC Ltd.

     460,000         668,837   

CNOOC Ltd.

     1,148,000         1,423,541   

Fosun International Ltd.

     100,500         129,545   

Guotai Junan International Holdings Ltd.

     202,000         68,479   

Lenovo Group Ltd.

     364,000         219,115   

Shanghai Industrial Holdings Ltd.

     41,000         92,591   

Shenzhen Investment Ltd.

     280,000         111,524   
     

 

 

 
Total China         7,402,712   
Denmark – 1.1%      

AP Moeller – Maersk A/S Class B

     104         135,187   

Coloplast A/S Class B

     3,216         239,010   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      29   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Danske Bank A/S

     14,474       $ 379,097   

DSV A/S

     1,207         50,502   

GN Store Nord A/S

     2,813         50,532   

Novo Nordisk A/S Class B

     18,586         993,855   

Novozymes A/S Class B

     2,010         95,926   

Pandora A/S

     1,404         190,155   

Rockwool International A/S Class B

     402         72,515   

Royal Unibrew A/S

     2,412         107,331   

SimCorp A/S

     603         29,498   

Sydbank A/S

     2,211         55,202   

Tryg A/S

     7,839         139,297   

Vestas Wind Systems A/S

     2,010         135,815   
     

 

 

 
Total Denmark         2,673,922   
Finland – 1.6%      

Elisa Oyj

     5,829         222,765   

F-Secure Oyj

     22,107         65,574   

Fortum Oyj

     28,744         459,198   

Kesko Oyj Class B

     3,617         153,178   

Kone Oyj Class B

     10,852         497,311   

Metso Oyj

     5,828         136,161   

Neste Oyj

     4,421         157,807   

Nokia Oyj

     142,799         809,870   

Nokian Renkaat Oyj

     4,019         143,011   

Orion Oyj Class B

     4,020         155,417   

Sampo Oyj Class A

     13,666         554,607   

Tieto Oyj

     5,024         136,968   

UPM-Kymmene Oyj

     16,681         303,921   
     

 

 

 
Total Finland         3,795,788   
France – 10.8%      

Accor S.A.

     3,044         117,312   

Aeroports de Paris

     1,408         154,904   

Airbus Group SE

     10,688         614,233   

Alten S.A.

     1,809         106,816   

Arkema S.A.

     1,206         92,540   

AXA S.A.

     58,286         1,152,924   

BioMerieux

     1,005         136,381   

BNP Paribas S.A.

     28,733         1,269,016   

Bouygues S.A.

     8,239         237,340   

Bureau Veritas S.A.

     8,138         171,822   

Capgemini S.A.

     1,608         139,697   

Casino Guichard Perrachon S.A.

     3,215         179,371   

Christian Dior SE

     2,622         421,789   

Cie de Saint-Gobain

     9,245         352,851   

CNP Assurances

     17,485         258,643   

Credit Agricole S.A.

     25,847         217,083   

Danone S.A.

     8,750         616,396   

Dassault Systemes

     1,408         106,805   

Edenred

     7,234         148,637   

Electricite de France S.A.

     85,450         1,041,389   

Elior Participations SCA(a)

     3,818         83,242   

Engie S.A.

     68,945         1,111,385   

Essilor International S.A.

     1,609         212,447   

Gaztransport Et Technigaz S.A.

     1,206       36,717   

Havas S.A.

     11,722         90,819   

Hermes International

     750         280,751   

Iliad S.A.

     201         40,752   

Imerys S.A.

     3,426         218,966   

Ingenico Group S.A.

     402         46,938   

Ipsen S.A.

     1,809         111,398   

Kering

     2,031         328,184   

Klepierre

     6,111         270,542   

L’Oreal S.A.

     5,498         1,050,576   

Legrand S.A.

     4,526         232,854   

LVMH Moet Hennessy Louis Vuitton SE

     6,396         966,366   

Metropole Television S.A.

     5,829         97,136   

Natixis S.A.

     129,364         489,931   

Neopost S.A.

     2,413         55,705   

Nexity S.A.*

     2,815         142,903   

Orange S.A.

     58,696         955,628   

Pernod Ricard S.A.

     2,212         245,988   

Publicis Groupe S.A.

     2,011         135,231   

Remy Cointreau S.A.

     1,207         103,881   

Renault S.A.

     4,413         335,535   

Rexel S.A.*

     3,705         46,573   

Rubis SCA

     1,608         123,137   

Safran S.A.

     5,632         381,168   

Sanofi

     25,227         2,099,702   

Schneider Electric SE

     11,889         700,821   

Societe Generale S.A.

     17,497         548,354   

Sodexo S.A.

     1,809         194,459   

Suez

     4,767         74,566   

Technip S.A.

     1,035         56,129   

Teleperformance

     1,207         103,210   

Television Francaise 1

     7,437         78,978   

Thales S.A.

     2,815         234,581   

TOTAL S.A.

     71,760         3,458,329   

Unibail-Rodamco SE

     1,206         313,045   

Valeo S.A.

     3,060         136,422   

Veolia Environnement S.A.

     13,467         291,294   

Vicat S.A.

     1,989         112,473   

Vinci S.A.

     11,551         817,307   

Vivendi S.A.

     80,470         1,510,828   
     

 

 

 
Total France         26,461,200   
Germany – 7.3%      

adidas AG

     3,027         431,957   

Allianz SE Registered Shares

     11,024         1,565,180   

AURELIUS SE & Co. KGaA

     1,207         70,680   

Axel Springer SE

     3,014         157,793   

BASF SE

     18,561         1,415,380   

Bayer AG Registered Shares

     3,321         332,052   

Bayerische Motoren Werke AG

     6,073         443,872   

Bechtle AG

     1,207         126,609   

Beiersdorf AG

     2,443         230,396   

Bertrandt AG

     604         59,049   

Brenntag AG

     2,413         116,424   

 

See Notes to Financial Statements.

 

30   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Carl Zeiss Meditec AG Bearer Shares

     3,819       $ 154,583   

Comdirect Bank AG

     10,451         106,353   

Commerzbank AG

     37,634         243,498   

Continental AG

     1,755         330,087   

CTS Eventim AG & Co. KGaA

     3,617         110,202   

Daimler AG Registered Shares

     27,662         1,644,728   

Deutsche Boerse AG

     3,016         246,405   

Deutsche Post AG Registered Shares

     20,902         584,590   

Deutsche Telekom AG Registered Shares

     84,823         1,439,896   

Deutsche Wohnen AG Bearer Shares

     6,230         211,270   

DMG MORI AG*

     2,813         132,207   

Drillisch AG

     404         15,458   

Duerr AG

     1,206         91,093   

E.ON SE

     37,780         378,836   

Evonik Industries AG

     8,239         244,754   

Fielmann AG

     2,413         175,936   

Fraport AG Frankfurt Airport Services Worldwide

     2,010         107,240   

Freenet AG

     1,409         36,120   

GEA Group AG

     4,019         188,754   

Gerresheimer AG

     604         46,293   

Hamburger Hafen und Logistik AG

     2,612         39,015   

Hannover Rueck SE

     2,813         293,166   

Henkel AG & Co. KGaA

     3,014         324,360   

Hochtief AG

     1,020         131,108   

Hugo Boss AG

     1,946         110,041   

Infineon Technologies AG

     14,471         208,593   

K+S AG Registered Shares

     3,818         77,812   

Krones AG

     1,207         127,119   

KUKA AG

     804         95,126   

LEG Immobilien AG*

     1,608         149,862   

Linde AG

     2,244         312,494   

MAN SE

     2,413         246,331   

Merck KGaA

     3,619         366,069   

METRO AG

     6,632         202,394   

OSRAM Licht AG

     2,010         103,924   

ProSiebenSat.1 Media SE*

     5,426         236,389   

RHOEN-KLINIKUM AG

     4,623         135,229   

SAP SE

     11,457         854,822   

Siemens AG Registered Shares

     14,419         1,470,684   

Software AG

     2,815         95,524   

Suedzucker AG

     5,427         119,226   

Talanx AG

     6,833         202,151   

Volkswagen AG

     2,537         339,345   

Wacker Chemie AG

     1,006         87,688   

Wirecard AG

     1,005         44,057   
     

 

 

 
Total Germany         17,810,224   
Hong Kong – 2.8%      

AIA Group Ltd.

     120,600         720,527   

Bank of East Asia Ltd. (The)

     80,400         308,834   

BOC Hong Kong Holdings Ltd.

     256,000         765,563   

CLP Holdings Ltd.

     99,500         1,013,219   

Dah Sing Banking Group Ltd.

     80,400         148,406   

Hang Seng Bank Ltd.

     40,300       687,255   

Hong Kong & China Gas Co., Ltd.

     220,300         401,529   

Hong Kong Exchanges and Clearing Ltd.

     19,800         478,797   

MTR Corp., Ltd.

     101,000         510,341   

New World Development Co., Ltd.

     204,000         206,420   

Power Assets Holdings Ltd.

     67,500         618,188   

Sino Land Co., Ltd.

     396,000         646,222   

Techtronic Industries Co., Ltd.

     1,500         6,236   

Wharf Holdings Ltd. (The)

     36,000         217,867   
     

 

 

 
Total Hong Kong         6,729,404   
Ireland – 0.2%      

CRH PLC

     6,921         199,911   

Grafton Group PLC

     6,632         43,867   

Greencore Group PLC

     9,847         40,478   

Paddy Power Betfair PLC

     1,606         168,605   
     

 

 

 
Total Ireland         452,861   
Israel – 0.6%      

Bank Hapoalim BM

     20,828         104,922   

Delek Automotive Systems Ltd.

     12,058         100,851   

First International Bank of Israel Ltd.

     4,221         51,679   

Frutarom Industries Ltd.

     1,005         46,295   

Harel Insurance Investments & Financial Services Ltd.

     28,538         99,669   

Israel Chemicals Ltd.

     59,905         232,085   

Mizrahi Tefahot Bank Ltd.

     4,221         48,665   

Nice Ltd.

     805         50,188   

Teva Pharmaceutical Industries Ltd.

     12,867         646,507   
     

 

 

 
Total Israel         1,380,861   
Italy – 3.0%      

A2A SpA

     100,296         131,257   

ACEA SpA

     899         10,916   

Anima Holding SpA(a)

     22,009         102,938   

Ansaldo STS SpA

     4,823         54,867   

Ascopiave SpA

     23,715         71,135   

Assicurazioni Generali SpA

     36,291         425,349   

Atlantia SpA

     16,078         399,570   

Banca Mediolanum SpA

     19,293         131,495   

Banca Popolare dell’Emilia Romagna SC

     15,049         54,804   

Banca Popolare di Milano SCARL

     76,981         31,498   

Banco Popolare

     20,616         49,105   

Credito Valtellinese

     123,977         56,594   

Davide Campari-Milano SpA

     1,050         10,359   

De’ Longhi SpA

     1,608         38,193   

DiaSorin SpA

     2,211         135,097   

Enel SpA

     181,701         803,405   

Eni SpA

     123,811         1,997,194   

ERG SpA

     396         4,505   

FinecoBank Banca Fineco SpA

     1,197         7,779   

Hera SpA

     49,047         133,933   

Intesa Sanpaolo SpA

     430,732         814,444   

Iren SpA

     92,060         142,161   

Luxottica Group SpA

     4,678         226,798   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      31   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Parmalat SpA

     25,724       $ 66,930   

Recordati SpA

     7,236         217,048   

Snam SpA

     98,689         587,662   

Terna Rete Elettrica Nazionale SpA

     44,224         245,358   

UniCredit SpA

     151,981         332,621   

Unione di Banche Italiane SpA

     37,193         102,225   
     

 

 

 
Total Italy         7,385,240   
Japan – 16.5%      

AIT Corp.

     12,900         104,493   

Alpen Co., Ltd.

     4,400         71,882   

Amada Holdings Co., Ltd.

     40,000         402,378   

Astellas Pharma, Inc.

     45,400         708,061   

Bank of Kyoto Ltd. (The)

     26,000         157,891   

Benesse Holdings, Inc.

     3,100         72,552   

Canon, Inc.

     44,700         1,269,020   

Chiba Bank Ltd. (The)

     34,000         159,411   

Dai-ichi Life Insurance Co., Ltd. (The)

     20,100         220,808   

Daicel Corp.

     20,100         206,310   

Daido Steel Co., Ltd.

     40,000         136,076   

Daihatsu Motor Co., Ltd.

     19,900         256,630   

Daiwa Securities Group, Inc.

     69,000         361,512   

Eagle Industry Co., Ltd.

     10,300         118,472   

FANUC Corp.

     3,400         547,997   

Fast Retailing Co., Ltd.

     1,200         319,329   

Fuji Heavy Industries Ltd.

     19,800         671,258   

Fujitsu Ltd.

     43,000         156,760   

Fukuoka Financial Group, Inc.

     32,000         104,494   

Gfoot Co., Ltd.

     10,300         70,983   

Gunma Bank Ltd. (The)

     47,000         169,510   

Hachijuni Bank Ltd. (The)

     46,700         202,113   

Hiday Hidaka Corp.

     3,000         72,726   

Hitachi Chemical Co., Ltd.

     20,100         370,887   

Hitachi Ltd.

     115,000         475,178   

Hitachi Metals Ltd.

     18,500         185,559   

Hokuhoku Financial Group, Inc.

     352,000         398,011   

Honda Motor Co., Ltd.

     38,400         962,901   

Hulic Co., Ltd.

     20,100         210,032   

Idemitsu Kosan Co., Ltd.

     15,300         329,892   

Iida Group Holdings Co., Ltd.

     7,400         150,250   

Isetan Mitsukoshi Holdings Ltd.

     32,500         287,016   

Isuzu Motors Ltd.

     26,200         318,849   

ITOCHU Corp.

     40,300         486,908   

Iyo Bank Ltd. (The)

     34,500         209,509   

J. Front Retailing Co., Ltd.

     21,300         219,042   

Japan Aviation Electronics Industry Ltd.

     6,000         81,528   

Japan Post Holdings Co., Ltd.

     50,600         612,093   

Japan Post Insurance Co., Ltd.

     15,900         324,075   

Japan Tobacco, Inc.

     27,100         1,083,841   

JSR Corp.

     20,100         263,716   

Kappa Create Co., Ltd.

     6,200         77,417   

Kawasaki Heavy Industries Ltd.

     105,000         291,695   

Kawasaki Kisen Kaisha Ltd.

     157,000         367,287   

KDDI Corp.

     34,200         1,037,768   

Keiyo Co., Ltd.

     100,100       509,330   

KFC Holdings Japan Ltd.

     4,200         75,902   

Komatsu Ltd.

     39,900         688,206   

Kuraray Co., Ltd.

     20,200         239,234   

Mazda Motor Corp.

     12,600         166,911   

McDonald’s Holdings Co., Japan Ltd.

     7,400         201,608   

Minebea Co., Ltd.

     39,200         261,741   

Mitsubishi Chemical Holdings Corp.

     60,100         272,234   

Mitsubishi Corp.

     40,200         700,630   

Mitsubishi Heavy Industries Ltd.

     121,000         480,509   

Mitsubishi Materials Corp.

     89,000         210,810   

Mitsubishi Motors Corp.

     39,900         182,407   

Mitsubishi Tanabe Pharma Corp.

     4,300         77,248   

Mitsubishi UFJ Financial Group, Inc.

     250,800         1,114,531   

Mitsui & Co., Ltd.

     60,400         714,450   

Mitsui Mining & Smelting Co., Ltd.

     157,000         258,631   

Mizuho Financial Group, Inc.

     623,000         900,584   

Modec, Inc.

     3,300         50,309   

MOS Food Services, Inc.

     2,600         74,029   

MS&AD Insurance Group Holdings, Inc.

     15,000         383,298   

Murata Manufacturing Co., Ltd.

     1,800         199,669   

Nachi-Fujikoshi Corp.

     68,000         204,815   

Nagaileben Co., Ltd.

     3,100         74,335   

Nakanishi, Inc.

     2,300         67,818   

NGK Spark Plug Co., Ltd.

     12,700         189,281   

Nippon Telegraph & Telephone Corp.

     31,900         1,492,543   

Nissan Motor Co., Ltd.

     100,800         901,884   

NOK Corp.

     9,400         157,873   

Nomura Real Estate Holdings, Inc.

     19,900         345,083   

NTN Corp.

     123,000         326,114   

NTT DOCOMO, Inc.

     75,100         2,025,189   

Oji Holdings Corp.

     45,000         171,947   

Panasonic Corp.

     47,900         411,345   

Resona Holdings, Inc.

     80,000         290,087   

Sega Sammy Holdings, Inc.

     20,200         216,393   

Seiko Epson Corp.

     20,000         318,355   

Sekisui House Ltd.

     21,500         372,933   

Shin-Etsu Chemical Co., Ltd.

     10,400         604,394   

SoftBank Group Corp.

     5,800         327,285   

Sojitz Corp.

     100,500         236,090   

Sompo Japan Nipponkoa Holdings, Inc.

     14,200         373,513   

Sony Financial Holdings, Inc.

     19,500         217,448   

Sparx Group Co., Ltd.

     36,500         64,753   

Sumco Corp.

     11,100         70,004   

Sumitomo Metal Mining Co., Ltd.

     35,000         350,887   

Sumitomo Mitsui Financial Group, Inc.

     38,300         1,092,366   

Sumitomo Mitsui Trust Holdings, Inc.

     115,000         369,695   

Sumitomo Rubber Industries Ltd.

     14,900         197,960   

Suzuki Motor Corp.

     9,100         244,243   

T&D Holdings, Inc.

     20,200         169,118   

Tabuchi Electric Co., Ltd.

     77,400         264,815   

Tokai Tokyo Financial Holdings, Inc.

     34,800         146,541   

Tokio Marine Holdings, Inc.

     19,300         633,425   

 

See Notes to Financial Statements.

 

32   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Toyo Tire & Rubber Co., Ltd.

     5,900       $ 63,722   

Toyota Motor Corp.

     67,500         3,324,008   

Yahoo Japan Corp.

     100,600         443,232   

Yamaha Corp.

     10,600         282,797   

Yokohama Rubber Co., Ltd. (The)

     6,600         81,833   
     

 

 

 
Total Japan         40,190,515   
Netherlands – 1.7%      

Aalberts Industries N.V.

     1,408         42,312   

Akzo Nobel N.V.

     3,018         189,000   

Arcadis N.V.

     3,151         47,521   

ASM International N.V.

     3,216         124,495   

BE Semiconductor Industries N.V.

     2,230         60,610   

BinckBank N.V.

     5,829         29,141   

Brunel International N.V.

     5,226         95,912   

Corbion N.V.

     2,813         67,518   

Euronext N.V.(a)

     1,608         59,201   

Gemalto N.V.

     805         48,999   

Heineken N.V.

     6,370         585,742   

IMCD Group N.V.

     1,809         71,495   

ING Groep N.V. CVA

     87,498         892,252   

Koninklijke Ahold N.V.

     13,467         297,727   

Koninklijke DSM N.V.

     2,664         153,868   

Koninklijke KPN N.V.

     52,657         190,415   

Koninklijke Philips N.V.

     14,966         372,350   

Koninklijke Vopak N.V.

     1,206         60,151   

NN Group N.V.

     5,223         143,873   

Randstad Holding N.V.

     2,012         80,815   

Steinhoff International Holdings N.V.

     25,000         143,257   

Wessanen

     9,446         99,693   

Wolters Kluwer N.V.

     5,476         222,415   
     

 

 

 
Total Netherlands         4,078,762   
New Zealand – 0.6%      

Contact Energy Ltd.

     35,367         130,476   

EBOS Group Ltd.

     11,456         133,481   

Freightways Ltd.

     24,719         113,903   

Genesis Energy Ltd.

     102,307         155,927   

Kiwi Property Group Ltd.

     110,743         117,518   

Mainfreight Ltd.

     4,824         57,135   

Metlifecare Ltd.

     33,564         132,191   

Mighty River Power Ltd.

     90,647         194,322   

Port of Tauranga Ltd.

     12,059         167,474   

TrustPower Ltd.

     30,348         166,426   

Z Energy Ltd.

     11,054         63,690   
     

 

 

 
Total New Zealand         1,432,543   
Norway – 1.5%      

Atea ASA*

     846         8,063   

Austevoll Seafood ASA

     18,891         157,464   

DNB ASA

     21,706         257,708   

Entra ASA(a)

     9,446         88,613   

Gjensidige Forsikring ASA

     12,861         213,173   

Kongsberg Gruppen ASA

     5,832         85,376   

Leroy Seafood Group ASA

     3,215       150,992   

Marine Harvest ASA*

     12,660         211,052   

Norsk Hydro ASA

     35,166         127,419   

Orkla ASA

     27,937         246,554   

Salmar ASA

     8,239         243,292   

SpareBank 1 SR-Bank ASA

     16,882         83,119   

Statoil ASA

     84,418         1,453,717   

Telenor ASA

     15,475         254,466   

TGS Nopec Geophysical Co. ASA

     1,610         26,205   
     

 

 

 
Total Norway         3,607,213   
Portugal – 0.3%      

CTT – Correios de Portugal S.A.

     8,440         66,704   

EDP – Energias de Portugal S.A.

     98,489         301,333   

Galp Energia, SGPS, S.A.

     16,079         223,287   

Jeronimo Martins, SGPS, S.A.

     9,446         148,595   

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

     16,883         47,509   
     

 

 

 
Total Portugal         787,428   
Singapore – 2.0%      

Asian Pay Television Trust

     221,100         87,067   

CapitaLand Ltd.

     140,900         321,393   

City Developments Ltd.

     19,900         120,355   

ComfortDelGro Corp., Ltd.

     60,300         123,208   

CWT Ltd.

     60,300         96,326   

DBS Group Holdings Ltd.

     40,200         470,727   

Great Eastern Holdings Ltd.

     1,741         26,583   

Hutchison Port Holdings Trust

     703,400         320,047   

Keppel Corp., Ltd.

     40,300         164,685   

M1 Ltd.

     40,200         81,541   

Olam International Ltd.

     80,400         110,812   

Oversea-Chinese Banking Corp., Ltd.

     51,400         331,872   

Pacc Offshore Services Holdings Ltd.

     241,200         65,412   

Pacific Radiance Ltd.

     23,000         4,272   

Rotary Engineering Ltd.

     70,701         19,699   

Sembcorp Industries Ltd.

     60,300         126,344   

Sembcorp Marine Ltd.

     158,700         182,766   

SIA Engineering Co., Ltd.

     80,400         219,832   

Singapore Airlines Ltd.

     23,300         184,544   

Singapore Exchange Ltd.

     20,100         113,799   

Singapore Technologies Engineering Ltd.

     79,100         185,129   

Singapore Telecommunications Ltd.

     306,600         940,826   

StarHub Ltd.

     20,100         56,601   

United Engineers Ltd.

     40,300         65,575   

United Overseas Bank Ltd.

     40,000         547,440   
     

 

 

 
Total Singapore         4,966,855   
Spain – 4.4%      

Amadeus IT Holding S.A. Class A

     5,922         258,392   

Atresmedia Corp. de Medios de Comunicaion S.A.

     7,636         73,974   

Banco Bilbao Vizcaya Argentaria S.A.

     201,860         1,135,634   

Banco Popular Espanol S.A.

     169,085         216,210   

Banco Santander S.A.

     340,142         1,295,752   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      33   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Bankia S.A.

     403,361       $ 289,481   

Bankinter S.A.

     13,061         83,694   

CaixaBank S.A.

     209,618         458,065   

Cia de Distribucion Integral Logista Holdings S.A.

     5,226         109,701   

Distribuidora Internacional de Alimentacion S.A.*

     14,069         81,307   

Duro Felguera S.A.

     67,345         82,299   

Ebro Foods S.A.

     3,819         87,315   

Enagas S.A.

     6,432         195,111   

Endesa S.A.

     13,868         277,782   

Ferrovial S.A.

     17,991         348,471   

Gas Natural SDG S.A.

     23,514         461,460   

Grifols S.A.

     4,421         99,507   

Grupo Catalana Occidente S.A.

     3,818         104,937   

Iberdrola S.A.

     74,404         503,146   

Industria de Diseno Textil S.A.

     33,906         1,126,645   

Mapfre S.A.

     111,493         242,524   

Mediaset Espana Comunicacion S.A.

     9,245         103,375   

Obrascon Huarte Lain S.A.*

     37,597         130,735   

Red Electrica Corp. S.A.

     2,413         214,913   

Repsol S.A.

     46,435         588,607   

Sacyr S.A.

     122,384         198,369   

Tecnicas Reunidas S.A.

     1,407         41,829   

Telefonica S.A.

     159,955         1,503,358   

Viscofan S.A.

     2,211         121,907   

Zardoya Otis S.A.

     22,122         206,688   
     

 

 

 
Total Spain         10,641,188   
Sweden – 3.3%      

AAK AB

     2,211         156,443   

AF AB Class B

     5,828         96,472   

Assa Abloy AB Class B

     8,160         165,748   

Atlas Copco AB Class A

     17,687         453,620   

Atrium Ljungberg AB Class B

     12,059         194,277   

Avanza Bank Holding AB

     1,809         68,964   

Axfood AB

     7,437         141,671   

Betsson AB*

     746         6,172   

Clas Ohlson AB Class B

     385         6,555   

Com Hem Holding AB

     7,636         64,304   

Electrolux AB Series B

     4,019         108,388   

Fabege AB

     10,250         172,755   

Hennes & Mauritz AB Class B

     2,181         63,453   

Hexpol AB

     7,435         75,467   

Husqvarna AB Class B

     7,140         52,711   

ICA Gruppen AB

     4,020         133,657   

Indutrade AB

     7,842         153,736   

Investment AB Latour Class B

     4,421         164,782   

Kinnevik AB Class B

     7,232         170,713   

Lifco AB Class B

     3,617         103,523   

Loomis AB Class B

     2,212         53,703   

Meda AB Class A

     7,435         134,173   

NetEnt AB*

     8,448         82,758   

Nordea Bank AB

     122,500         1,025,086   

Sandvik AB

     35,367         349,592   

Securitas AB Class B

     8,843         134,951   

Skandinaviska Enskilda Banken AB Class A

     55,787         480,326   

Skanska AB Class B

     9,848       203,871   

Svenska Cellulosa AB SCA Class B

     9,647         306,283   

Svenska Handelsbanken AB Class A

     28,941         347,728   

Swedbank AB Class A

     31,002         642,894   

Swedish Match AB

     4,613         159,253   

Tele2 AB Class B

     4,020         34,897   

Telefonaktiebolaget LM Ericsson Class B

     59,700         453,068   

Telia Co. AB

     120,802         566,320   

Thule Group AB (The)(a)

     5,025         71,318   

Trelleborg AB Class B

     7,035         123,468   

Volvo AB Class B

     28,540         279,583   

Wallenstam AB Class B

     20,701         167,485   
     

 

 

 
Total Sweden         8,170,168   
Switzerland – 7.9%      

ABB Ltd. Registered Shares*

     30,749         603,491   

Actelion Ltd. Registered Shares*

     805         134,855   

Adecco Group AG Registered Shares

     1,111         55,755   

Baloise Holding AG Registered Shares

     1,005         111,621   

Cie Financiere Richemont S.A. Registered Shares

     5,627         327,789   

Clariant AG Registered Shares*

     2,614         44,085   

Coca-Cola HBC AG*

     6,432         129,834   

Credit Suisse Group AG Registered Shares*

     21,744         230,118   

DKSH Holding AG

     2,010         131,428   

EMS-Chemie Holding AG Registered Shares

     403         207,871   

GAM Holding AG*

     7,837         83,261   

Geberit AG Registered Shares

     604         228,159   

Givaudan S.A. Registered Shares

     201         403,568   

Julius Baer Group Ltd.*

     3,016         120,151   

Kuehne + Nagel International AG Registered Shares

     4,220         589,986   

LafargeHolcim Ltd. Registered Shares*

     8,038         334,490   

Logitech International S.A. Registered Shares

     5,024         81,481   

Lonza Group AG Registered Shares*

     1,441         238,441   

Nestle S.A. Registered Shares

     50,001         3,857,088   

Novartis AG Registered Shares

     41,031         3,375,729   

OC Oerlikon Corp. AG Registered Shares*

     812         7,118   

Partners Group Holding AG

     603         257,956   

Roche Holding AG Genusschein

     12,839         3,375,147   

SGS S.A. Registered Shares

     201         459,275   

Sonova Holding AG Registered Shares

     1,006         133,211   

STMicroelectronics N.V.

     37,678         219,338   

Straumann Holding AG Registered Shares

     403         158,747   

Sulzer AG Registered Shares

     1,206         104,482   

Swiss Life Holding AG Registered Shares*

     603         138,587   

Swiss Re AG

     4,810         418,443   

Swisscom AG Registered Shares

     753         373,099   

Syngenta AG Registered Shares

     1,409         541,066   

UBS Group AG Registered Shares

     50,246         648,319   

Vontobel Holding AG Registered Shares

     1,410         60,861   

Zurich Insurance Group AG*

     4,019         987,629   
     

 

 

 
Total Switzerland         19,172,479   

 

See Notes to Financial Statements.

 

34   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
United Kingdom – 21.0%      

Abcam PLC

     6,632       $ 68,266   

Aberdeen Asset Management PLC

     35,770         133,602   

Admiral Group PLC

     5,024         136,336   

Aggreko PLC

     6,230         106,435   

Amec Foster Wheeler PLC

     8,039         52,658   

Ashmore Group PLC

     28,339         112,590   

AstraZeneca PLC

     31,661         1,890,632   

Aviva PLC

     51,861         273,082   

Babcock International Group PLC

     8,240         99,633   

BAE Systems PLC

     88,837         622,288   

Barclays PLC

     217,434         402,863   

BBA Aviation PLC

     32,156         94,913   

Bellway PLC

     2,815         71,423   

Berkeley Group Holdings PLC

     4,823         162,668   

BHP Billiton PLC

     62,585         788,781   

Big Yellow Group PLC

     13,062         136,373   

Bodycote PLC

     9,848         67,799   

Booker Group PLC

     40,593         94,095   

BP PLC

     716,754         4,198,164   

Brewin Dolphin Holdings PLC

     15,073         48,520   

British American Tobacco PLC

     42,227         2,733,828   

British Land Co. PLC (The)

     20,700         167,968   

Britvic PLC

     4,823         37,717   

BT Group PLC

     117,817         645,741   

Carnival PLC

     3,215         142,258   

Close Brothers Group PLC

     2,612         39,561   

CNH Industrial N.V.

     21,303         153,359   

Compass Group PLC

     26,970         512,681   

Countrywide PLC

     9,646         31,670   

Cranswick PLC

     3,015         84,115   

Croda International PLC

     2,137         89,673   

Dechra Pharmaceuticals PLC

     8,843         138,546   

Derwent London PLC

     2,413         84,287   

Diageo PLC

     29,815         831,610   

Direct Line Insurance Group PLC

     26,730         123,206   

Domino’s Pizza Group PLC

     19,899         88,395   

Drax Group PLC

     3,618         15,656   

DS Smith PLC

     22,309         115,205   

Dunelm Group PLC

     11,255         118,635   

easyJet PLC

     9,446         137,134   

Electrocomponents PLC

     31,955         111,151   

Essentra PLC

     6,632         45,481   

esure Group PLC

     23,714         90,696   

Foxtons Group PLC

     18,489         27,558   

Genus PLC

     360         7,531   

GlaxoSmithKline PLC

     165,437         3,548,451   

Greggs PLC

     4,220         54,721   

Halfords Group PLC

     15,073         64,781   

Halma PLC

     13,065         177,622   

Hammerson PLC

     19,495         140,208   

Hargreaves Lansdown PLC

     9,244         153,602   

Hays PLC

     50,254         65,601   

Hikma Pharmaceuticals PLC

     2,211       72,857   

HomeServe PLC

     27,535         193,982   

Howden Joinery Group PLC

     14,069         72,239   

HSBC Holdings PLC

     556,758         3,467,573   

Hunting PLC

     11,455         73,503   

IG Group Holdings PLC

     9,847         106,558   

IMI PLC

     8,842         114,299   

Imperial Brands PLC

     28,977         1,570,182   

Inchcape PLC

     9,847         82,667   

Informa PLC

     19,092         185,929   

Inmarsat PLC

     4,422         47,557   

Intertek Group PLC

     3,014         140,173   

Intu Properties PLC

     42,001         162,882   

ITV PLC

     20,702         49,731   

Jardine Lloyd Thompson Group PLC

     9,044         113,586   

John Wood Group PLC

     5,628         51,762   

Johnson Matthey PLC

     2,614         97,878   

Jupiter Fund Management PLC

     20,298         99,203   

Kingfisher PLC

     41,397         178,470   

Ladbrokes PLC

     57,289         85,468   

Land Securities Group PLC

     13,467         187,048   

Legal & General Group PLC

     122,410         312,057   

Lloyds Banking Group PLC

     991,310         716,394   

London Stock Exchange Group PLC

     1,207         40,838   

Mediclinic International PLC

     3,016         44,148   

Meggitt PLC

     17,687         95,971   

Melrose Industries PLC

     4,019         22,874   

Micro Focus International PLC

     3,216         69,345   

Mondi PLC

     6,633         123,695   

Moneysupermarket.com Group PLC

     22,912         83,004   

National Grid PLC

     113,557         1,663,761   

Old Mutual PLC

     121,999         326,666   

Pagegroup PLC

     19,294         76,629   

Pearson PLC

     21,705         280,577   

Pennon Group PLC

     9,847         124,461   

Persimmon PLC

     8,039         155,502   

PZ Cussons PLC

     14,068         61,816   

QinetiQ Group PLC

     23,312         69,308   

Reckitt Benckiser Group PLC

     11,061         1,107,497   

Redde PLC

     26,731         56,102   

RELX N.V.

     16,681         289,281   

RELX PLC

     21,708         399,305   

Renishaw PLC

     2,010         58,656   

Restaurant Group PLC (The)

     11,256         43,275   

Rightmove PLC

     1,809         88,218   

Rio Tinto PLC

     27,686         849,024   

Rotork PLC

     25,523         73,868   

Royal Dutch Shell PLC Class A

     146,332         4,005,251   

Royal Dutch Shell PLC Class B

     96,284         2,654,051   

Royal Mail PLC

     26,328         176,328   

SABMiller PLC

     16,343         954,728   

Saga PLC

     31,754         81,756   

Sage Group PLC (The)

     19,293         166,480   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      35   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Savills PLC

     8,642       $ 70,818   

Schroders PLC

     4,824         151,932   

Segro PLC

     32,960         182,721   

Severn Trent PLC

     7,034         228,964   

Sky PLC

     36,573         414,594   

Smith & Nephew PLC

     11,657         197,438   

Smiths Group PLC

     9,646         148,677   

Spirax-Sarco Engineering PLC

     2,815         140,740   

SSE PLC

     30,350         630,487   

St. James’s Place PLC

     12,058         126,535   

Stagecoach Group PLC

     11,657         36,012   

Standard Life PLC

     43,822         171,995   

TalkTalk Telecom Group PLC

     1,838         5,386   

Tate & Lyle PLC

     15,476         138,301   

Taylor Wimpey PLC

     103,915         183,783   

Ted Baker PLC

     1,809         58,764   

Telecom Plus PLC

     4,623         64,396   

Tullett Prebon PLC

     14,471         58,847   

Unilever N.V. CVA

     29,219         1,360,433   

Unilever PLC

     17,130         819,569   

United Utilities Group PLC

     16,681         230,796   

Vedanta Resources PLC

     32,825         182,850   

Victrex PLC

     4,019         81,180   

Vodafone Group PLC

     814,037         2,477,298   

Weir Group PLC (The)

     5,225         100,651   

WH Smith PLC

     4,622         97,253   

Whitbread PLC

     2,011         93,876   

William Hill PLC

     570         1,962   

WS Atkins PLC

     5,025         89,006   
     

 

 

 
Total United Kingdom               51,309,446   
TOTAL INVESTMENTS IN SECURITIES – 99.2%
(Cost: $250,645,080)
        241,810,026   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.8%

        1,995,609   
     

 

 

 
NET ASSETS – 100.0%             $ 243,805,635   
* 

Non-income producing security.

 

(a) 

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

 

CVA – Certificaten Van Aandelen (Certificate of Stock)

 

FINANCIAL DERIVATIVE INSTRUMENTS

 
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/1/2016

    USD        22,190        EUR        20,000      $ 29   

7/4/2016

    GBP        84,399        SEK        950,000        (700

7/5/2016

    AUD        2,143,711        USD        1,551,048        (45,159

7/5/2016

    AUD        2,813,584        USD        2,035,746        (59,248

7/5/2016

    AUD        2,813,560        USD        2,035,746        (59,231

7/5/2016

    AUD        2,813,669        USD        2,035,746        (59,312

7/5/2016

    AUD        2,813,487        USD        2,035,746        (59,176

7/5/2016

    AUD        275,127        USD        200,912        (3,947

7/5/2016

    CHF        3,235,432        USD        3,259,106        (62,011

7/5/2016

    CHF        4,246,342        USD        4,277,573        (81,226

7/5/2016

    CHF        4,246,321        USD        4,277,573      $ (81,205

7/5/2016

    CHF        4,246,389        USD        4,277,573        (81,275

7/5/2016

    CHF        4,246,206        USD        4,277,573        (81,086

7/5/2016

    CHF        408,015        USD        422,164        3,344   

7/5/2016

    DKK        1,502,806        USD        225,122        715   

7/5/2016

    DKK        1,972,139        USD        295,470        980   

7/5/2016

    DKK        1,972,092        USD        295,470        987   

7/5/2016

    DKK        1,972,233        USD        295,470        966   

7/5/2016

    DKK        1,972,073        USD        295,470        990   

7/5/2016

    DKK        194,412        USD        29,161        130   

7/5/2016

    EUR        5,446,956        USD        6,070,382        19,089   

7/5/2016

    EUR        7,148,902        USD        7,967,373        25,304   

7/5/2016

    EUR        7,148,922        USD        7,967,373        25,283   

7/5/2016

    EUR        7,149,217        USD        7,967,373        24,955   

7/5/2016

    EUR        7,148,678        USD        7,967,373        25,554   

7/5/2016

    EUR        704,910        USD        786,318        3,199   

7/5/2016

    GBP        290,647        CHF        377,542        (997

7/5/2016

    GBP        1,877,634        JPY        258,000,000        4,844   

7/5/2016

    GBP        5,045,216        USD        7,344,977        600,532   

7/5/2016

    GBP        6,622,048        USD        9,640,278        787,924   

7/5/2016

    GBP        6,622,162        USD        9,640,278        787,772   

7/5/2016

    GBP        6,622,071        USD        9,640,278        787,893   

7/5/2016

    GBP        6,621,852        USD        9,640,278        788,185   

7/5/2016

    GBP        676,248        USD        951,421        47,412   

7/5/2016

    ILS        463,121        USD        120,298        41   

7/5/2016

    ILS        607,735        USD        157,889        81   

7/5/2016

    ILS        607,683        USD        157,889        94   

7/5/2016

    ILS        607,788        USD        157,889        67   

7/5/2016

    ILS        607,735        USD        157,889        81   

7/5/2016

    ILS        60,478        USD        15,582        (122

7/5/2016

    JPY        316,710,989        USD        2,858,983        (228,170

7/5/2016

    JPY        415,699,288        USD        3,752,415        (299,630

7/5/2016

    JPY        415,677,524        USD        3,752,415        (299,418

7/5/2016

    JPY        415,708,669        USD        3,752,415        (299,721

7/5/2016

    JPY        415,684,653        USD        3,752,415        (299,487

7/5/2016

    JPY        38,458,482        USD        370,334        (4,542

7/5/2016

    NOK        803,365        USD        96,049        44   

7/5/2016

    NOK        1,054,401        USD        126,059        54   

7/5/2016

    NOK        1,054,380        USD        126,059        57   

7/5/2016

    NOK        1,054,359        USD        126,059        59   

7/5/2016

    NOK        1,054,366        USD        126,059        59   

7/5/2016

    NOK        105,233        USD        12,441        (135

7/5/2016

    NZD        64,450        USD        43,528        (2,373

7/5/2016

    NZD        84,589        USD        57,129        (3,115

7/5/2016

    NZD        84,590        USD        57,129        (3,116

7/5/2016

    NZD        84,591        USD        57,129        (3,117

7/5/2016

    NZD        84,587        USD        57,129        (3,114

7/5/2016

    NZD        8,083        USD        5,638        (119

7/5/2016

    SEK        5,658,337        USD        678,285        10,453   

7/5/2016

    SEK        7,426,122        USD        890,248        13,772   

7/5/2016

    SEK        7,426,716        USD        890,248        13,701   

7/5/2016

    SEK        7,426,237        USD        890,248        13,758   

7/5/2016

    SEK        7,426,603        USD        890,248        13,715   

7/5/2016

    SEK        739,945        USD        87,861        528   

7/5/2016

    SGD        543,297        USD        394,359        (9,309

7/5/2016

    SGD        712,988        USD        517,591        (12,157

7/5/2016

    SGD        712,914        USD        517,591        (12,102

7/5/2016

    SGD        712,922        USD        517,591        (12,108

 

See Notes to Financial Statements.

 

36   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2016

    SGD        713,007        USD        517,591      $ (12,172

7/5/2016

    SGD        69,162        USD        51,082        (305

7/5/2016

    USD        113,448        AUD        152,031        (246

7/5/2016

    USD        2,054,114        AUD        2,758,544        (102

7/5/2016

    USD        2,054,114        AUD        2,758,570        (83

7/5/2016

    USD        2,054,114        AUD        2,758,600        (61

7/5/2016

    USD        1,565,040        AUD        2,101,910        42   

7/5/2016

    USD        2,054,114        AUD        2,758,544        (102

7/5/2016

    USD        238,381        CHF        228,483        (3,847

7/5/2016

    USD        4,316,168        CHF        4,204,811          

7/5/2016

    USD        4,316,168        CHF        4,204,595        (222

7/5/2016

    USD        4,316,168        CHF        4,204,686        (128

7/5/2016

    USD        3,288,509        CHF        3,203,764        101   

7/5/2016

    USD        4,316,168        CHF        4,204,811          

7/5/2016

    USD        16,466        DKK        107,922        (350

7/5/2016

    USD        298,136        DKK        1,996,657        15   

7/5/2016

    USD        298,136        DKK        1,996,656        15   

7/5/2016

    USD        227,153        DKK        1,521,273        11   

7/5/2016

    USD        298,136        DKK        1,996,657        15   

7/5/2016

    USD        298,136        DKK        1,996,557          

7/5/2016

    USD        444,007        EUR        391,385        (9,198

7/5/2016

    USD        8,039,258        EUR        7,236,238        (163

7/5/2016

    USD        8,039,258        EUR        7,236,023        (402

7/5/2016

    USD        8,039,258        EUR        7,236,056        (366

7/5/2016

    USD        8,039,258        EUR        7,236,017        (409

7/5/2016

    USD        6,125,153        EUR        5,513,288        (169

7/5/2016

    USD        537,235        GBP        365,490        (48,648

7/5/2016

    USD        9,727,257        GBP        7,276,306        (290

7/5/2016

    USD        9,727,257        GBP        7,276,159        (487

7/5/2016

    USD        9,727,257        GBP        7,276,197        (436

7/5/2016

    USD        9,727,257        GBP        7,276,159        (487

7/5/2016

    USD        7,411,247        GBP        5,543,855        (221

7/5/2016

    USD        8,799        ILS        33,926        11   

7/5/2016

    USD        159,313        ILS        613,487        (11

7/5/2016

    USD        159,313        ILS        613,346        (48

7/5/2016

    USD        159,313        ILS        613,498        (8

7/5/2016

    USD        159,313        ILS        613,500        (8

7/5/2016

    USD        121,385        ILS        467,443        (6

7/5/2016

    USD        209,115        JPY        21,814,877        3,526   

7/5/2016

    USD        3,786,271        JPY        388,425,969        (74

7/5/2016

    USD        3,786,271        JPY        388,413,853        (192

7/5/2016

    USD        3,786,271        JPY        388,414,231        (188

7/5/2016

    USD        2,884,778        JPY        295,958,029        84   

7/5/2016

    USD        3,786,271        JPY        388,414,231        (188

7/5/2016

    USD        7,025        NOK        57,973        (97

7/5/2016

    USD        127,197        NOK        1,077,045        1,514   

7/5/2016

    USD        127,197        NOK        1,064,325        (6

7/5/2016

    USD        127,197        NOK        1,064,325        (6

7/5/2016

    USD        96,913        NOK        810,987        3   

7/5/2016

    USD        127,197        NOK        1,064,378          

7/5/2016

    USD        3,184        NZD        4,480        7   

7/5/2016

    USD        57,644        NZD        80,934        (3

7/5/2016

    USD        57,644        NZD        80,936        (2

7/5/2016

    USD        57,644        NZD        80,935        (2

7/5/2016

    USD        57,644        NZD        80,938          

7/5/2016

    USD        43,922        NZD        61,673        1   

7/5/2016

    USD        49,612        SEK        408,584        (1,388

7/5/2016

    USD        898,280        SEK        7,610,476        (45

7/5/2016

    USD        898,280        SEK        7,610,477      $ (45

7/5/2016

    USD        898,280        SEK        7,610,471        (46

7/5/2016

    USD        898,280        SEK        7,610,857          

7/5/2016

    USD        684,406        SEK        5,798,938        20   

7/5/2016

    USD        28,844        SGD        38,751        (52

7/5/2016

    USD        522,261        SGD        702,805        (79

7/5/2016

    USD        522,261        SGD        702,942        23   

7/5/2016

    USD        522,261        SGD        702,982        52   

7/5/2016

    USD        522,261        SGD        702,911          

7/5/2016

    USD        397,917        SGD        535,584        21   

8/2/2016

    DKK        1,842,779        USD        275,404        (47

8/2/2016

    DKK        1,842,666        USD        275,404        (30

8/2/2016

    DKK        1,403,871        USD        209,833        (12

8/2/2016

    DKK        178,146        USD        26,628        (1

8/2/2016

    DKK        1,842,592        USD        275,404        (19

8/2/2016

    DKK        1,842,685        USD        275,404        (33

8/2/2016

    EUR        7,243,425        USD        8,055,304        132   

8/2/2016

    EUR        7,243,184        USD        8,055,304        400   

8/2/2016

    EUR        7,243,535        USD        8,055,304        9   

8/2/2016

    EUR        7,243,516        USD        8,055,304        30   

8/2/2016

    EUR        5,519,024        USD        6,137,375        (148

8/2/2016

    EUR        700,372        USD        778,854        (7

8/2/2016

    GBP        6,338,603        USD        8,475,225        85   

8/2/2016

    GBP        6,338,987        USD        8,475,225        (428

8/2/2016

    GBP        6,338,517        USD        8,475,225        199   

8/2/2016

    GBP        4,829,111        USD        6,457,318        470   

8/2/2016

    GBP        613,060        USD        819,456        (247

8/2/2016

    GBP        6,338,574        USD        8,475,225        123   

8/2/2016

    ILS        588,773        USD        152,924        (39

8/2/2016

    ILS        588,475        USD        152,924        38   

8/2/2016

    ILS        588,681        USD        152,924        (15

8/2/2016

    ILS        588,730        USD        152,924        (28

8/2/2016

    ILS        448,482        USD        116,514        (2

8/2/2016

    ILS        56,914        USD        14,786          

8/2/2016

    NOK        1,052,298        USD        124,269        (1,481

8/2/2016

    NOK        1,039,894        USD        124,269        1   

8/2/2016

    NOK        1,039,908        USD        124,269          

8/2/2016

    NOK        792,376        USD        94,683        (6

8/2/2016

    NOK        100,548        USD        12,015          

8/2/2016

    NOK        1,039,927        USD        124,269        (3

8/2/2016

    NZD        63,076        USD        44,859        1   

8/2/2016

    NZD        63,077        USD        44,859        1   

8/2/2016

    NZD        63,076        USD        44,859        1   

8/2/2016

    NZD        63,078        USD        44,859          

8/2/2016

    NZD        48,065        USD        34,180        (2

8/2/2016

    NZD        6,099        USD        4,337          

8/2/2016

    SEK        7,142,759        USD        844,077        25   

8/2/2016

    SEK        7,142,859        USD        844,077        13   

8/2/2016

    SEK        7,142,845        USD        844,077        15   

8/2/2016

    SEK        7,143,193        USD        844,077        (26

8/2/2016

    SEK        5,442,695        USD        643,109        (48

8/2/2016

    SEK        690,661        USD        81,612        (3

8/3/2016

    AUD        820,109        USD        610,016        16   

8/3/2016

    AUD        820,101        USD        610,016        21   

8/3/2016

    AUD        820,099        USD        610,016        23   

8/3/2016

    AUD        820,123        USD        610,016        5   

8/3/2016

    AUD        624,895        USD        464,776        (24

8/3/2016

    AUD        79,298        USD        58,981        (1

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      37   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

June 30, 2016

 

  

 

 

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

8/3/2016

    CHF        2,485,160        USD        2,555,645      $ (160

8/3/2016

    CHF        2,485,378        USD        2,555,645        (383

8/3/2016

    CHF        2,485,482        USD        2,555,645        (491

8/3/2016

    CHF        1,893,497        USD        1,947,161        (162

8/3/2016

    CHF        240,319        USD        247,101        (50

8/3/2016

    CHF        2,485,112        USD        2,555,645        (110

8/3/2016

    JPY        428,046,172        USD        4,176,048        (96

8/3/2016

    JPY        428,028,633        USD        4,176,048        75   

8/3/2016

    JPY        428,052,854        USD        4,176,048        (162

8/3/2016

    JPY        428,044,502        USD        4,176,048        (80

8/3/2016

    JPY        326,148,978        USD        3,181,755        (250

8/3/2016

    JPY        41,388,269        USD        403,775        (21

8/3/2016

    SGD        640,409        USD        475,505        (214

8/3/2016

    SGD        640,210        USD        475,505        (67

8/3/2016

    SGD        640,317        USD        475,505        (146

8/3/2016

    SGD        640,238        USD        475,505        (87

8/3/2016

    SGD        487,864        USD        362,290        (113

8/3/2016

    SGD        61,901        USD        45,976        (6
                                    $ 1,756,731   

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

38   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.6%      
Australia – 12.9%      

Ainsworth Game Technology Ltd.

     1,049       $ 1,687   

ALS Ltd.

     1,263         4,599   

Altium Ltd.

     434         2,088   

Ansell Ltd.

     357         4,830   

AP Eagers Ltd.

     338         3,002   

APN Outdoor Group Ltd.

     227         1,166   

ARB Corp., Ltd.

     153         1,907   

Asaleo Care Ltd.

     2,071         3,238   

AUB Group Ltd.

     254         1,910   

Austal Ltd.

     1,062         957   

Automotive Holdings Group Ltd.

     1,555         4,354   

Beacon Lighting Group Ltd.

     871         882   

Blackmores Ltd.

     29         2,837   

Breville Group Ltd.

     465         2,593   

Brickworks Ltd.

     267         2,855   

BT Investment Management Ltd.

     943         5,533   

Cabcharge Australia Ltd.

     656         1,558   

carsales.com Ltd.

     617         5,660   

Cash Converters International Ltd.

     2,525         818   

Cedar Woods Properties Ltd.

     455         1,474   

Cleanaway Waste Management Ltd.

     3,349         1,995   

Corporate Travel Management Ltd.

     86         897   

CSG Ltd.

     1,045         1,159   

CSR Ltd.

     2,756         7,470   

Decmil Group Ltd.

     1,850         985   

Dicker Data Ltd.

     651         868   

Downer EDI Ltd.

     2,001         5,662   

DuluxGroup Ltd.

     876         4,122   

Eclipx Group Ltd.

     654         1,787   

ERM Power Ltd.

     1,534         959   

Estia Health Ltd.

     781         2,681   

Event Hospitality and Entertainment Ltd.

     312         3,376   

Evolution Mining Ltd.

     1,501         2,604   

Fairfax Media Ltd.

     8,371         5,797   

Flight Centre Travel Group Ltd.

     375         8,818   

Folkestone Education Trust

     1,183         2,352   

G8 Education Ltd.

     1,658         4,679   

Genworth Mortgage Insurance Australia Ltd.

     4,707         9,638   

GrainCorp Ltd. Class A

     376         2,416   

Greencross Ltd.

     311         1,565   

GUD Holdings Ltd.

     289         1,960   

GWA Group Ltd.

     587         914   

HFA Holdings Ltd.

     907         1,547   

Iluka Resources Ltd.

     1,177         5,688   

IMF Bentham Ltd.

     776         881   

Infomedia Ltd.

     1,742         752   

Invocare Ltd.

     281         2,749   

IOOF Holdings Ltd.

     1,662         9,690   

IPH Ltd.

     384         1,836   

IRESS Ltd.

     529         4,290   

JB Hi-Fi Ltd.

     355         6,370   

Lovisa Holdings Ltd.

     403         696   

MACA Ltd.

     3,535       $ 3,317   

McMillan Shakespeare Ltd.

     298         3,035   

Mineral Resources Ltd.

     629         3,892   

Monadelphous Group Ltd.

     811         4,505   

Monash IVF Group Ltd.

     806         1,092   

Mortgage Choice Ltd.

     997         1,448   

Myer Holdings Ltd.

     944         787   

MYOB Group Ltd.

     671         1,724   

MyState Ltd.

     580         1,784   

Navitas Ltd.

     1,376         5,625   

NIB Holdings Ltd.

     1,208         3,796   

Nine Entertainment Co. Holdings Ltd.

     7,807         6,104   

Northern Star Resources Ltd.

     999         3,675   

Nufarm Ltd.

     184         1,010   

Orora Ltd.

     3,247         6,673   

OZ Minerals Ltd.

     765         3,218   

Pacific Brands Ltd.

     936         732   

Pact Group Holdings Ltd.

     1,091         4,899   

Perpetual Ltd.

     238         7,287   

Premier Investments Ltd.

     396         4,205   

Primary Health Care Ltd.

     1,830         5,382   

Programmed Maintenance Services Ltd.

     1,691         2,210   

Qube Holdings Ltd.(a)

     1,816         2,988   

Regis Healthcare Ltd.

     1,428         4,987   

Regis Resources Ltd.

     973         2,478   

Retail Food Group Ltd.

     554         2,281   

Sandfire Resources NL

     357         1,390   

Select Harvests Ltd.

     438         2,198   

Servcorp Ltd.

     350         1,801   

Service Stream Ltd.

     460         269   

Seven Group Holdings Ltd.

     1,600         7,160   

Seven West Media Ltd.

     9,964         7,864   

SG Fleet Group Ltd.

     579         1,569   

Sigma Pharmaceuticals Ltd.

     2,836         2,386   

Sims Metal Management Ltd.

     445         2,591   

Sirtex Medical Ltd.

     36         685   

Slater & Gordon Ltd.

     3,622         1,052   

SmartGroup Corp. Ltd.

     188         805   

Southern Cross Media Group Ltd.

     3,834         3,554   

Spotless Group Holdings Ltd.

     6,405         5,341   

Steadfast Group Ltd.

     1,478         2,174   

Super Retail Group Ltd.

     698         4,558   

Technology One Ltd.

     425         1,636   

TFS Corp. Ltd.

     850         892   

Thorn Group Ltd.

     1,255         1,299   

Tox Free Solutions Ltd.

     410         791   

Villa World Ltd.

     776         1,202   

Virtus Health Ltd.

     356         1,821   

Webjet Ltd.

     330         1,742   

WPP AUNZ Ltd.

     3,121         2,440   
     

 

 

 
Total Australia         307,505   
Austria – 1.2%      

ams AG

     125         3,458   

Austria Technologie & Systemtechnik AG

     95         1,139   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      39   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

RHI AG

     137       $ 2,626   

S IMMO AG*

     193         1,801   

Schoeller-Bleckmann Oilfield Equipment AG

     20         1,207   

UNIQA Insurance Group AG

     1,954         11,666   

Verbund AG

     319         4,504   

Wienerberger AG

     102         1,428   

Zumtobel Group AG

     64         774   
     

 

 

 
Total Austria         28,603   
Belgium – 1.6%      

Cie d’Entreprises CFE

     63         5,724   

Econocom Group S.A./N.V.*

     204         2,337   

Euronav N.V.

     1,504         13,775   

Ion Beam Applications

     79         3,715   

Ontex Group N.V.

     92         2,888   

Recticel S.A.

     153         865   

Rezidor Hotel Group AB

     360         1,483   

Warehouses De Pauw

     76         7,113   
     

 

 

 
Total Belgium         37,900   
China – 1.8%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     1,000         1,184   

China South City Holdings Ltd.

     41,774         8,077   

China Travel International Investment Hong Kong Ltd.

     19,956         5,762   

CITIC Telecom International Holdings Ltd.

     10,678         4,019   

Dah Chong Hong Holdings Ltd.

     3,779         1,778   

Goldpac Group Ltd.

     3,835         1,073   

Guotai Junan International Holdings Ltd.

     17,052         5,781   

Shenwan Hongyuan HK Ltd.

     2,326         1,178   

Shougang Fushan Resources Group Ltd.

     19,903         3,540   

Shun Tak Holdings Ltd.

     4,918         1,547   

Sinotruk Hong Kong Ltd.

     3,651         1,572   

Yuexiu Property Co., Ltd.

     52,638         6,446   
     

 

 

 
Total China         41,957   
Denmark – 1.1%      

Alm Brand A/S

     435         2,897   

FLSmidth & Co. A/S

     103         3,659   

Matas A/S

     183         3,102   

NKT Holding A/S

     19         957   

Per Aarsleff Holding A/S

     43         934   

Rockwool International A/S Class B

     11         1,984   

Schouw & Co.

     49         2,711   

SimCorp A/S

     34         1,663   

Spar Nord Bank A/S

     582         4,650   

Sydbank A/S

     152         3,795   
     

 

 

 
Total Denmark         26,352   
Finland – 2.6%      

Cargotec Oyj Class B

     92         3,722   

Caverion Corp.

     458         2,926   

Citycon Oyj

     603         1,371   

Cramo Oyj

     121         2,488   

F-Secure Oyj

     301         893   

HKScan Oyj Class A

     296         1,019   

Kemira Oyj

     623         7,378   

Konecranes Oyj

     231       $ 5,815   

Lassila & Tikanoja Oyj

     171         3,163   

Oriola-KD Oyj Class B

     357         1,618   

PKC Group Oyj

     86         1,618   

Raisio Oyj Class V

     491         2,111   

Ramirent Oyj

     556         4,256   

Sanoma Oyj

     283         1,652   

Suominen Oyj

     187         835   

Technopolis Oyj

     391         1,542   

Tieto Oyj

     263         7,170   

Tikkurila Oyj

     170         3,071   

Uponor Oyj

     192         3,025   

Valmet Oyj

     357         4,739   

YIT Oyj

     315         2,257   
     

 

 

 
Total Finland         62,669   
France – 2.4%      

Albioma S.A.

     117         1,800   

Alten S.A.

     63         3,720   

Bourbon Corp.

     285         3,312   

Coface S.A.

     772         5,240   

Derichebourg S.A.

     284         726   

Gaztransport Et Technigaz S.A.

     249         7,581   

IPSOS

     114         3,237   

Jacquet Metal Service

     122         1,609   

Metropole Television S.A.

     535         8,916   

Neopost S.A.

     329         7,595   

Rallye S.A.

     439         7,594   

Saft Groupe S.A.

     51         2,070   

Tarkett S.A.

     86         2,814   
     

 

 

 
Total France         56,214   
Germany – 4.1%      

Aareal Bank AG

     247         7,756   

alstria office REIT-AG*

     516         6,959   

AURELIUS SE & Co. KGaA

     111         6,500   

Aurubis AG

     104         4,717   

BayWa AG

     77         2,306   

Bechtle AG

     32         3,357   

Bertrandt AG

     19         1,858   

CANCOM SE

     18         887   

Capital Stage AG

     249         1,635   

CompuGroup Medical SE

     55         2,291   

CropEnergies AG*

     219         1,241   

Drillisch AG

     215         8,226   

Elmos Semiconductor AG

     71         874   

ElringKlinger AG

     118         2,312   

Gerry Weber International AG

     124         1,445   

GFT Technologies SE

     49         974   

Grammer AG

     20         804   

Hamburger Hafen und Logistik AG

     232         3,465   

Indus Holding AG

     55         2,554   

Leoni AG

     95         2,597   

MLP AG

     459         1,635   

Nemetschek SE

     24         1,293   

 

See Notes to Financial Statements.

 

40   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Pfeiffer Vacuum Technology AG

     27       $ 2,524   

RHOEN-KLINIKUM AG

     213         6,231   

RIB Software AG

     95         920   

Salzgitter AG

     40         1,053   

SHW AG

     26         774   

Sixt SE

     68         3,473   

Takkt AG

     131         2,576   

TLG Immobilien AG

     198         4,153   

VTG AG

     56         1,618   

Wacker Neuson SE

     201         3,110   

Wuestenrot & Wuerttembergische AG

     261         4,712   

Zeal Network SE

     60         2,119   
     

 

 

 
Total Germany         98,949   
Hong Kong – 1.0%      

Chong Hing Bank Ltd.

     1,000         2,037   

Chu Kong Shipping Enterprises Group Co., Ltd.

     4,407         1,136   

Dah Sing Financial Holdings Ltd.

     800         4,919   

Hongkong & Shanghai Hotels Ltd. (The)

     1,549         1,569   

Lai Sun Development Co., Ltd.

     72,107         1,106   

Television Broadcasts Ltd.

     3,523         12,034   

Tradelink Electronic Commerce Ltd.

     6,356         1,278   

Vitasoy International Holdings Ltd.

     520         944   
     

 

 

 
Total Hong Kong         25,023   
Indonesia – 0.1%      

Bumitama Agri Ltd.

     4,247         2,414   
Ireland – 0.6%      

C&C Group PLC

     946         3,707   

Fyffes PLC

     437         670   

Greencore Group PLC

     752         3,091   

Irish Continental Group PLC

     294         1,372   

Origin Enterprises PLC

     424         2,558   

UDG Healthcare PLC

     288         2,279   
     

 

 

 
Total Ireland         13,677   
Israel – 2.7%      

Africa Israel Properties Ltd.

     204         3,152   

Amot Investments Ltd.

     1,018         4,150   

Avgol Industries 1953 Ltd.

     1,014         1,126   

B Communications Ltd.

     279         6,665   

Delek Automotive Systems Ltd.

     476         3,981   

Delek Group Ltd.

     49         9,526   

Direct Insurance Financial Investments Ltd.

     223         1,602   

El Al Israel Airlines

     1,647         1,095   

First International Bank of Israel Ltd.

     251         3,073   

Gazit-Globe Ltd.

     800         7,146   

Harel Insurance Investments & Financial Services Ltd.

     492         1,718   

Industrial Buildings Corp., Ltd.

     1,909         1,921   

Inrom Construction Industries Ltd.

     830         2,518   

Matrix IT Ltd.

     306         1,950   

Maytronics Ltd.

     480         1,421   

Melisron Ltd.

     118         4,743   

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

     35         1,318   

Shikun & Binui Ltd.

     2,212         3,765   

Shufersal Ltd.

     581       $ 1,945   

Strauss Group Ltd.

     135         2,120   
     

 

 

 
Total Israel         64,935   
Italy – 4.8%      

Anima Holding SpA(b)

     1,371         6,412   

Ansaldo STS SpA

     336         3,822   

Ascopiave SpA

     1,429         4,286   

Astaldi SpA

     428         1,729   

ASTM SpA

     272         2,955   

Autogrill SpA

     479         3,858   

Banca IFIS SpA

     83         1,674   

Banco Popolare

     1,593         3,794   

BasicNet SpA

     384         1,194   

Biesse SpA

     117         1,466   

Cairo Communication SpA

     386         1,930   

Cerved Information Solutions SpA

     439         3,451   

Cofide SpA

     3,121         1,193   

Credito Emiliano SpA

     777         4,692   

Credito Valtellinese

     6,792         3,101   

ERG SpA

     389         4,425   

Esprinet SpA

     157         899   

Geox SpA

     606         1,877   

Gruppo MutuiOnline SpA

     137         1,194   

Immobiliare Grande Distribuzione SIIQ SpA

     3,008         2,453   

Industria Macchine Automatiche SpA

     96         5,765   

Interpump Group SpA

     141         2,202   

Iren SpA

     4,021         6,209   

Italmobiliare SpA RSP

     38         1,083   

La Doria SpA*

     99         1,241   

Maire Tecnimont SpA

     607         1,525   

MARR SpA

     223         4,214   

Moleskine SpA

     339         811   

OVS SpA(b)

     515         2,995   

RAI Way SpA(b)

     222         999   

Saras SpA

     7,957         13,781   

Societa Cattolica di Assicurazioni SCRL

     334         2,104   

Societa Iniziative Autostradali e Servizi SpA

     618         5,317   

Tod’s SpA

     115         6,162   

TREVI – Finanziaria Industriale SpA

     864         1,186   

Zignago Vetro SpA

     247         1,504   
     

 

 

 
Total Italy         113,503   
Japan – 26.5%      

77 Bank Ltd. (The)

     704         2,443   

Accordia Golf Co., Ltd.

     182         1,902   

Adastria Co., Ltd.

     40         1,575   

Aderans Co., Ltd.

     150         738   

Advantest Corp.

     200         2,213   

Aichi Steel Corp.

     228         1,005   

Airport Facilities Co., Ltd.

     235         1,143   

AIT Corp.

     129         1,045   

Akita Bank Ltd. (The)

     396         1,127   

Alinco, Inc.

     154         1,444   

Amano Corp.

     200         3,462   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      41   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Aomori Bank Ltd. (The)

     487       $ 1,348   

Aoyama Trading Co., Ltd.

     100         3,665   

Arakawa Chemical Industries Ltd.

     105         963   

Arcland Sakamoto Co., Ltd.

     82         906   

Artnature, Inc.

     107         846   

As One Corp.

     35         1,404   

Asahi Broadcasting Corp.

     208         1,257   

ASKUL Corp.

     25         919   

Asunaro Aoki Construction Co., Ltd.

     156         1,043   

Avex Group Holdings, Inc.

     100         1,125   

Awa Bank Ltd. (The)

     350         1,818   

Azbil Corp.

     100         2,929   

Bando Chemical Industries Ltd.

     177         852   

Bank of Iwate Ltd. (The)

     33         1,238   

Bank of Nagoya Ltd. (The)

     492         1,525   

Bank of Okinawa Ltd. (The)

     42         1,224   

Bell System24 Holdings, Inc.

     101         806   

Belluna Co., Ltd.

     155         866   

Benesse Holdings, Inc.

     201         4,704   

Bic Camera, Inc.

     149         1,365   

BP Castrol K.K.(a)

     200         2,306   

Bunka Shutter Co., Ltd.

     111         884   

Calsonic Kansei Corp.

     171         1,287   

Capcom Co., Ltd.

     44         1,010   

Cawachi Ltd.

     100         2,382   

Central Glass Co., Ltd.

     207         886   

Chiyoda Integre Co., Ltd.

     65         1,196   

Chofu Seisakusho Co., Ltd.

     41         989   

Chugoku Bank Ltd. (The)

     239         2,418   

Ci:z Holdings Co., Ltd.

     100         2,186   

COMSYS Holdings Corp.

     200         3,225   

CONEXIO Corp.

     200         2,497   

Cosmo Energy Holdings Co., Ltd.

     119         1,443   

Daido Metal Co., Ltd.

     104         988   

Daifuku Co., Ltd.

     100         1,772   

Daihen Corp.

     185         802   

Daiichi Jitsugyo Co., Ltd.

     174         748   

Daiichikosho Co., Ltd.

     71         2,972   

Daiken Corp.

     410         1,299   

Daikoku Denki Co., Ltd.

     71         994   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     313         1,248   

DCM Holdings Co., Ltd.

     234         1,996   

Denka Co., Ltd.

     373         1,494   

Denyo Co., Ltd.

     95         977   

Descente Ltd.

     83         890   

Dexerials Corp.

     255         1,777   

DIC Corp.

     168         3,486   

Dip Corp.

     54         1,440   

DMG Mori Co., Ltd.

     144         1,364   

Doshisha Co., Ltd.

     46         879   

Doutor Nichires Holdings Co., Ltd.

     100         1,741   

Dowa Holdings Co., Ltd.

     427         2,177   

Dynam Japan Holdings Co., Ltd.

     3,600         5,114   

Ebara Corp.

     631       $ 3,451   

EDION Corp.

     200         1,643   

Eighteenth Bank Ltd. (The)

     551         1,337   

Eiken Chemical Co., Ltd.

     40         871   

Elecom Co., Ltd.

     100         2,074   

Enplas Corp.

     47         1,232   

Exedy Corp.

     30         638   

Fancl Corp.

     115         1,588   

Feed One Co., Ltd.

     845         939   

FIDEA Holdings Co., Ltd.

     1,019         1,331   

Financial Products Group Co., Ltd.

     95         966   

Foster Electric Co., Ltd.

     57         888   

FP Corp.

     68         3,281   

France Bed Holdings Co., Ltd.

     100         913   

Fudo Tetra Corp.

     1,300         1,951   

Fuji Oil Holdings, Inc.

     100         1,852   

Fujicco Co., Ltd.

     80         2,305   

Fujikura Ltd.

     323         1,474   

Fujimi, Inc.

     65         945   

Fujimori Kogyo Co., Ltd.

     71         1,334   

Fujitsu General Ltd.

     49         1,081   

Fukui Bank Ltd. (The)

     591         1,302   

Fukuyama Transporting Co., Ltd.

     309         1,626   

Furukawa Electric Co., Ltd.

     742         1,707   

Future Corp.

     200         1,456   

Gakkyusha Co., Ltd.

     112         1,246   

GCA Savvian Corp.

     105         885   

Gfoot Co., Ltd.

     110         758   

GMO Click Holdings, Inc.

     237         1,601   

Godo Steel Ltd.

     557         820   

Gree, Inc.

     400         2,254   

GS Yuasa Corp.

     758         2,882   

Gunma Bank Ltd. (The)

     887         3,199   

Gurunavi, Inc.

     81         2,333   

Hachijuni Bank Ltd. (The)

     984         4,259   

Hakuto Co., Ltd.

     142         1,179   

Hanwa Co., Ltd.

     949         4,903   

Happinet Corp.

     226         1,884   

Heiwa Corp.

     249         5,022   

Hiroshima Bank Ltd. (The)

     1,098         3,639   

HIS Co., Ltd.

     44         1,413   

Hitachi Kokusai Electric, Inc.

     123         2,041   

Hitachi Transport System Ltd.

     160         2,612   

Hokuetsu Industries Co., Ltd.

     289         1,614   

Hokuetsu Kishu Paper Co., Ltd.

     400         2,741   

Hokuhoku Financial Group, Inc.

     3,062         3,462   

Hokuto Corp.

     63         1,156   

Horiba Ltd.

     73         3,188   

Hyakugo Bank Ltd. (The)

     532         1,825   

Hyakujushi Bank Ltd. (The)

     677         1,960   

Ibiden Co., Ltd.

     210         2,354   

IBJ Leasing Co., Ltd.

     139         2,386   

Iino Kaiun Kaisha Ltd.

     330         1,209   

Imasen Electric Industrial

     186         1,530   

 

See Notes to Financial Statements.

 

42   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

IT Holdings Corp.

     60       $ 1,372   

Itochu Enex Co., Ltd.(a)

     200         1,758   

Iyo Bank Ltd. (The)

     430         2,611   

J Trust Co., Ltd.

     133         972   

J-Oil Mills, Inc.

     347         1,147   

Japan Aviation Electronics Industry Ltd.

     105         1,427   

Japan Pulp & Paper Co., Ltd.

     1,000         3,207   

Japan Radio Co., Ltd.

     371         933   

Japan Steel Works Ltd. (The)

     218         988   

Japan Transcity Corp.

     275         914   

Japan Wool Textile Co., Ltd. (The)

     284         1,957   

Jimoto Holdings, Inc.

     1,400         1,924   

Joshin Denki Co., Ltd.

     93         780   

K’s Holdings Corp.

     95         1,766   

kabu.com Securities Co., Ltd.

     900         2,886   

Kadokawa Dwango*

     73         956   

Kamei Corp.

     91         723   

Kandenko Co., Ltd.

     178         1,456   

Kasai Kogyo Co., Ltd.

     105         943   

Kato Sangyo Co., Ltd.

     48         1,124   

Kato Works Co., Ltd.

     324         1,238   

Kawasaki Kisen Kaisha Ltd.

     964         2,255   

Keiyo Bank Ltd. (The)

     602         2,247   

Kenedix, Inc.

     236         879   

KFC Holdings Japan Ltd.

     80         1,446   

Kitagawa Iron Works Co., Ltd.

     703         1,144   

Kitano Construction Corp.

     563         1,388   

Kito Corp.

     120         945   

Kitz Corp.

     300         1,415   

Koa Corp.

     192         1,348   

Kobe Bussan Co., Ltd.

     36         734   

Komeri Co., Ltd.

     100         2,594   

Konaka Co., Ltd.

     250         1,182   

Krosaki Harima Corp.

     493         1,139   

Kumagai Gumi Co., Ltd.

     312         879   

Kurabo Industries Ltd.

     637         1,124   

Kureha Corp.

     335         1,169   

KYB Corp.

     800         2,566   

KYORIN Holdings, Inc.

     73         1,422   

Kyoto Kimono Yuzen Co., Ltd.

     132         1,044   

Kyowa Exeo Corp.

     200         2,484   

Kyudenko Corp.

     36         1,063   

Leopalace21 Corp.

     189         1,317   

Life Corp.

     75         2,014   

Macnica Fuji Electronics Holdings, Inc.

     152         1,562   

Maeda Corp.

     141         1,100   

Maeda Road Construction Co., Ltd.

     142         2,410   

Makino Milling Machine Co., Ltd.

     252         1,270   

Mandom Corp.

     21         961   

Mani, Inc.

     54         915   

Marubun Corp.

     184         1,044   

Marvelous, Inc.

     126         1,026   

Matsui Securities Co., Ltd.

     429         3,521   

Megmilk Snow Brand Co., Ltd.

     68         2,370   

Meidensha Corp.

     264       $ 852   

Meiko Network Japan Co., Ltd.

     80         972   

Meisei Industrial Co., Ltd.

     198         851   

Meitec Corp.

     77         2,601   

Micronics Japan Co., Ltd.

     91         799   

Mie Bank Ltd. (The)

     899         1,551   

Miraca Holdings, Inc.

     80         3,447   

Mirait Holdings Corp.

     200         1,957   

Mitsubishi Shokuhin Co., Ltd.

     100         2,615   

Mitsubishi Steel Manufacturing Co., Ltd.

     737         1,106   

Mitsui Home Co., Ltd.

     302         1,275   

Mitsui Mining & Smelting Co., Ltd.

     1,000         1,647   

Mitsui Sugar Co., Ltd.

     266         1,258   

Mitsui-Soko Holdings Co., Ltd.

     451         1,200   

Miyazaki Bank Ltd. (The)

     583         1,443   

Mochida Pharmaceutical Co., Ltd.

     21         1,689   

Modec, Inc.

     100         1,525   

Monex Group, Inc.(a)

     600         1,345   

Morinaga & Co., Ltd.

     144         901   

Musashi Seimitsu Industry Co., Ltd.

     100         1,941   

Nachi-Fujikoshi Corp.

     623         1,876   

Nagaileben Co., Ltd.

     100         2,398   

Nakanishi, Inc.

     39         1,150   

NEC Networks & System Integration Corp.

     106         1,870   

NHK Spring Co., Ltd.

     454         3,655   

Nichias Corp.

     149         1,133   

Nichiha Corp.

     54         847   

Nichireki Co., Ltd.

     187         1,159   

Nihon House Holdings Co., Ltd.

     527         1,618   

Nihon Nohyaku Co., Ltd.

     223         998   

Nihon Parkerizing Co., Ltd.

     140         1,459   

Nihon Unisys Ltd.

     200         2,456   

Nikkon Holdings Co., Ltd.

     150         2,676   

Nippo Corp.

     112         1,900   

Nippon Coke & Engineering Co., Ltd.

     1,974         1,193   

Nippon Denko Co., Ltd.

     494         751   

Nippon Electric Glass Co., Ltd.

     764         3,165   

Nippon Flour Mills Co., Ltd.

     163         1,268   

Nippon Kayaku Co., Ltd.

     263         2,592   

Nippon Koei Co., Ltd.

     397         1,200   

Nippon Light Metal Holdings Co., Ltd.

     1,200         2,644   

Nippon Paper Industries Co., Ltd.

     200         3,484   

Nippon Parking Development Co., Ltd.

     791         948   

Nippon Road Co., Ltd. (The)

     393         1,506   

Nippon Soda Co., Ltd.

     241         963   

Nippon Steel & Sumikin Bussan Corp.

     616         1,976   

Nippon Suisan Kaisha Ltd.

     180         919   

Nippon Synthetic Chemical Industry Co., Ltd. (The)

     206         1,042   

Nippon Thompson Co., Ltd.

     248         747   

Nippon Valqua Industries Ltd.

     606         1,542   

Nipro Corp.

     290         3,579   

Nishi-Nippon Railroad Co., Ltd.

     257         1,330   

Nishimatsu Construction Co., Ltd.

     750         3,480   

Nissan Shatai Co., Ltd.

     100         991   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      43   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Nissha Printing Co., Ltd.

     34       $ 621   

Nisshin Oillio Group Ltd. (The)

     211         969   

Nisshin Steel Co., Ltd.

     200         2,534   

Nisshinbo Holdings, Inc.

     200         1,799   

Nissin Electric Co., Ltd.

     140         2,058   

Nissin Kogyo Co., Ltd.

     100         1,273   

Nitta Corp.

     56         1,259   

Nitto Boseki Co., Ltd.

     311         1,043   

Noevir Holdings Co., Ltd.

     73         2,220   

NOF Corp.

     173         1,425   

Nohmi Bosai Ltd.

     100         1,332   

Nomura Co., Ltd.

     90         1,339   

NTN Corp.

     924         2,450   

Obara Group, Inc.

     36         1,332   

Ohsho Food Service Corp.

     78         2,806   

Oita Bank Ltd. (The)

     665         1,906   

Okamura Corp.

     111         1,098   

Okasan Securities Group, Inc.

     790         3,488   

Oki Electric Industry Co., Ltd.

     2,000         2,651   

OKUMA Corp.

     225         1,459   

Okumura Corp.

     452         2,485   

Onward Holdings Co., Ltd.

     321         1,996   

Open House Co., Ltd.

     65         1,756   

Pal Co., Ltd.

     45         1,055   

Paltac Corp.

     100         2,019   

PanaHome Corp.

     230         1,809   

Penta-Ocean Construction Co., Ltd.

     300         1,576   

Plenus Co., Ltd.

     100         1,623   

Prima Meat Packers Ltd.

     289         870   

Raysum Co., Ltd.

     122         838   

Relia, Inc.

     188         1,954   

Relo Holdings, Inc.

     6         1,055   

Rengo Co., Ltd.

     550         3,549   

Resorttrust, Inc.

     126         2,705   

Ricoh Leasing Co., Ltd.

     77         1,955   

Riken Corp.

     540         1,653   

Roland DG Corp.

     68         1,206   

Round One Corp.

     330         2,644   

Ryobi Ltd.

     181         745   

Ryoden Corp.

     181         1,108   

Sac’s Bar Holdings, Inc.

     106         1,034   

Saizeriya Co., Ltd.

     46         818   

Sakai Chemical Industry Co., Ltd.

     356         958   

Sakata INX Corp.

     180         2,049   

San-A Co., Ltd.

     17         835   

San-Ai Oil Co., Ltd.

     129         729   

Sanden Holdings Corp.

     427         1,145   

Sangetsu Co., Ltd.

     96         1,793   

Sankyu, Inc.

     328         1,749   

Sanoh Industrial Co., Ltd.

     372         1,976   

Sanwa Holdings Corp.

     300         2,699   

Sanyo Chemical Industries Ltd.

     134         1,035   

Sanyo Denki Co., Ltd.

     248         1,112   

Sanyo Special Steel Co., Ltd.

     229         1,013   

Sanyo Trading Co., Ltd.

     87       $ 998   

Sato Holdings Corp.

     40         742   

SBI Holdings, Inc.

     504         4,957   

Seikagaku Corp.

     61         944   

Seiko Holdings Corp.

     477         1,423   

Sekisui Plastics Co., Ltd.

     274         852   

Senko Co., Ltd.

     280         1,679   

SFP Dining Co., Ltd.

     72         985   

Shiga Bank Ltd. (The)

     420         1,789   

Shikoku Chemicals Corp.

     112         873   

Shima Seiki Manufacturing Ltd.

     100         1,918   

Shimachu Co., Ltd.

     53         1,150   

Shinagawa Refractories Co., Ltd.

     680         1,266   

Shinmaywa Industries Ltd.

     201         1,236   

Shinsho Corp.

     996         1,612   

Ship Healthcare Holdings, Inc.

     100         3,090   

Shoei Co., Ltd.

     77         1,130   

Showa Denko K.K.

     300         2,810   

Showa Sangyo Co., Ltd.

     252         1,069   

Skylark Co., Ltd.

     269         3,398   

Sparx Group Co., Ltd.

     409         726   

St. Marc Holdings Co., Ltd.

     45         1,358   

Starts Corp., Inc.

     66         1,305   

Sumco Corp.

     396         2,497   

Sumitomo Bakelite Co., Ltd.

     233         1,074   

Sumitomo Densetsu Co., Ltd.

     91         985   

Sumitomo Forestry Co., Ltd.

     200         2,690   

Sumitomo Mitsui Construction Co., Ltd.

     1,666         1,397   

Sumitomo Osaka Cement Co., Ltd.

     559         2,392   

Sumitomo Riko Co., Ltd.

     101         802   

Sumitomo Seika Chemicals Co., Ltd.

     127         702   

Sumitomo Warehouse Co., Ltd. (The)

     322         1,591   

T-Gaia Corp.

     200         2,800   

Tabuchi Electric Co., Ltd.

     228         780   

Tadano Ltd.

     227         1,872   

Taiho Kogyo Co., Ltd.

     107         1,096   

Taikisha Ltd.

     43         1,062   

Taiyo Holdings Co., Ltd.

     59         1,809   

Takara Holdings, Inc.

     200         1,831   

Takeuchi Manufacturing Co., Ltd.

     53         676   

TASAKI & Co., Ltd.

     57         736   

Tatsuta Electric Wire and Cable Co., Ltd.

     568         1,589   

TechnoPro Holdings, Inc.

     73         2,259   

TOA Corp.

     116         1,032   

Tocalo Co., Ltd.

     88         1,417   

Tochigi Bank Ltd. (The)

     344         1,180   

Toda Corp.

     404         1,733   

Toenec Corp.

     217         1,098   

Toho Bank Ltd. (The)

     614         1,891   

Toho Holdings Co., Ltd.

     62         1,487   

Tokai Tokyo Financial Holdings, Inc.

     1,018         4,287   

Tokyo Dome Corp.

     259         1,169   

Tokyo Seimitsu Co., Ltd.

     100         2,307   

Tokyo Steel Manufacturing Co., Ltd.

     157         854   

 

See Notes to Financial Statements.

 

44   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Tokyo Tekko Co., Ltd.

     252       $ 892   

Tokyo TY Financial Group, Inc.

     48         1,106   

Tokyotokeiba Co., Ltd.

     804         1,575   

Tokyu Construction Co., Ltd.(a)

     200         1,811   

TOMONY Holdings, Inc.

     501         1,494   

Tomy Co., Ltd.

     100         839   

Tonami Holdings Co., Ltd.

     282         717   

Topy Industries Ltd.

     446         909   

Toshiba Machine Co., Ltd.

     452         1,357   

Toshiba Plant Systems & Services Corp.

     103         1,678   

Totetsu Kogyo Co., Ltd.

     49         1,348   

Towa Bank Ltd. (The)

     1,473         1,134   

Towa Pharmaceutical Co., Ltd.

     18         935   

Toyo Ink SC Holdings Co., Ltd.

     644         2,680   

Toyo Kohan Co., Ltd.

     312         739   

Toyo Securities Co., Ltd.

     1,012         1,884   

Toyo Tire & Rubber Co., Ltd.

     237         2,560   

Toyobo Co., Ltd.

     1,870         3,518   

Transcosmos, Inc.

     76         2,151   

TS Tech Co., Ltd.

     99         2,402   

Tsubaki Nakashima Co., Ltd.

     93         1,055   

Tsubakimoto Chain Co.

     283         1,727   

Tsugami Corp.

     233         877   

Tsumura & Co.

     113         3,052   

UACJ Corp.

     567         1,332   

UKC Holdings Corp.

     54         819   

Union Tool Co.

     37         1,007   

United Super Markets Holdings, Inc.

     88         898   

UNY Group Holdings Co., Ltd.

     600         5,036   

Valor Holdings Co., Ltd.

     100         2,648   

Vital KSK Holdings, Inc.

     200         1,887   

Wacoal Holdings Corp.

     269         2,643   

Wacom Co., Ltd.

     218         846   

Weathernews, Inc.

     28         981   

YAMABIKO Corp.

     159         1,142   

Yamagata Bank Ltd. (The)

     343         1,337   

Yamanashi Chuo Bank Ltd. (The)

     419         1,466   

Yaoko Co., Ltd.

     20         903   

Yellow Hat Ltd.

     100         2,208   

Yokohama Reito Co., Ltd.

     200         2,002   

Yondoshi Holdings, Inc.

     42         844   

Yumeshin Holdings Co., Ltd.

     500         3,231   

Yurtec Corp.

     112         761   

Yushin Precision Equipment Co., Ltd.

     49         862   

Zeon Corp.

     270         1,734   

ZERIA Pharmaceutical Co., Ltd.

     100         1,440   

Zojirushi Corp.

     44         830   
     

 

 

 
Total Japan         633,166   
Netherlands – 1.6%      

Arcadis N.V.

     289         4,358   

BE Semiconductor Industries N.V.

     165         4,485   

Beter Bed Holding N.V.

     113         2,479   

Brunel International N.V.

     339         6,222   

Corbion N.V.

     185       $ 4,440   

Flow Traders(b)

     196         6,741   

IMCD Group N.V.

     51         2,016   

Koninklijke BAM Groep N.V.

     149         543   

Refresco Group N.V.(b)

     187         2,780   

TKH Group N.V. CVA

     61         2,060   

Wessanen

     90         950   
     

 

 

 
Total Netherlands         37,074   
New Zealand – 3.8%      

Air New Zealand Ltd.

     8,510         12,697   

EBOS Group Ltd.

     516         6,012   

Freightways Ltd.

     691         3,184   

Genesis Energy Ltd.

     6,291         9,588   

Heartland Bank Ltd.

     2,958         2,486   

Infratil Ltd.

     2,256         5,134   

Kathmandu Holdings Ltd.

     1,063         1,158   

Kiwi Property Group Ltd.

     5,227         5,547   

Mainfreight Ltd.

     245         2,902   

Nuplex Industries Ltd.

     916         3,425   

NZX Ltd.

     3,753         2,673   

Port of Tauranga Ltd.

     107         1,486   

SKY Network Television Ltd.

     2,185         7,423   

SKYCITY Entertainment Group Ltd.

     2,442         7,966   

Steel & Tube Holdings Ltd.

     734         972   

Trade Me Group Ltd.

     1,750         5,771   

TrustPower Ltd.

     575         3,153   

Z Energy Ltd.

     1,619         9,328   
     

 

 

 
Total New Zealand         90,905   
Norway – 3.0%      

AF Gruppen ASA

     144         2,512   

Aker ASA Class A

     368         9,367   

Atea ASA*

     520         4,956   

Austevoll Seafood ASA

     1,428         11,903   

Borregaard ASA

     318         2,375   

Entra ASA(b)

     519         4,869   

Kongsberg Gruppen ASA

     153         2,240   

Norway Royal Salmon ASA

     88         1,288   

Ocean Yield ASA(a)

     880         6,362   

Protector Forsikring ASA

     225         2,003   

Selvaag Bolig ASA

     393         1,498   

SpareBank 1 Nord Norge

     406         1,917   

SpareBank 1 SMN

     522         2,913   

SpareBank 1 SR-Bank ASA

     816         4,018   

Sparebanken Vest

     196         829   

TGS Nopec Geophysical Co. ASA

     143         2,328   

Tomra Systems ASA

     264         2,800   

Veidekke ASA

     456         5,449   

XXL ASA(b)

     234         2,657   
     

 

 

 
Total Norway         72,284   
Portugal – 1.2%      

CTT – Correios de Portugal S.A.

     845         6,678   

Mota-Engil, SGPS, S.A.

     870         1,438   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      45   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Navigator Co. S.A. (The)

     4,855       $ 13,560   

Pharol, SGPS, S.A.

     10,858         1,254   

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

     2,307         6,492   
     

 

 

 
Total Portugal         29,422   
Singapore – 3.0%      

Accordia Golf Trust

     8,865         3,952   

Asian Pay Television Trust

     13,701         5,395   

Boustead Singapore Ltd.

     1,685         1,002   

China Aviation Oil Singapore Corp., Ltd.

     1,034         945   

Chip Eng Seng Corp., Ltd.

     2,705         1,276   

CWT Ltd.

     2,100         3,355   

First Resources Ltd.

     1,227         1,427   

GuocoLand Ltd.

     2,200         3,024   

Hyflux Ltd.

     2,430         1,083   

Keppel Infrastructure Trust

     2,461         905   

M1 Ltd.

     4,515         9,158   

Raffles Medical Group Ltd.

     3,000         3,366   

Religare Health Trust

     5,168         3,782   

Riverstone Holdings Ltd.

     1,174         789   

Sembcorp Marine Ltd.

     6,103         7,028   

Sheng Siong Group Ltd.

     5,700         3,748   

SMRT Corp., Ltd.

     3,600         4,026   

Super Group Ltd.

     3,139         1,924   

United Engineers Ltd.

     2,400         3,905   

Venture Corp., Ltd.

     1,408         8,662   

Yanlord Land Group Ltd.

     2,709         2,285   
     

 

 

 
Total Singapore         71,037   
Spain – 1.1%      

Applus Services S.A.

     189         1,839   

Cie Automotive S.A.

     177         2,953   

Duro Felguera S.A.

     970         1,186   

Faes Farma S.A.

     837         2,729   

Obrascon Huarte Lain S.A.*

     677         2,354   

Papeles y Cartones de Europa S.A.

     261         1,377   

Sacyr S.A.

     1,585         2,569   

Saeta Yield S.A.

     512         5,112   

Tecnicas Reunidas S.A.

     218         6,481   
     

 

 

 
Total Spain         26,600   
Sweden – 5.5%      

Acando AB

     817         1,523   

AddTech AB Class B

     100         1,251   

AF AB Class B

     202         3,344   

Alimak Group AB(b)

     128         1,209   

Atrium Ljungberg AB Class B

     278         4,479   

Avanza Bank Holding AB

     89         3,393   

B&B Tools AB Class B

     40         803   

Bilia AB Class A

     163         3,992   

Bjorn Borg AB*

     210         808   

Bravida Holding AB(b)

     324         1,931   

Bulten AB

     126         1,216   

Capio AB(b)

     183         1,004   

Clas Ohlson AB Class B

     191         3,252   

Cloetta AB Class B

     533       $ 1,824   

Com Hem Holding AB

     394         3,318   

Coor Service Management Holding AB(b)

     372         1,800   

Dustin Group AB(b)

     244         1,620   

Eltel AB(b)

     128         1,378   

Evolution Gaming Group AB(b)

     33         987   

Granges AB

     178         1,534   

Haldex AB

     134         1,269   

Hemfosa Fastigheter AB

     398         4,063   

HIQ International AB*

     289         1,671   

Holmen AB Class B

     206         6,560   

Indutrade AB

     186         3,646   

Inwido AB

     124         1,376   

ITAB Shop Concept AB Class B

     173         1,414   

JM AB

     174         4,331   

KappAhl AB

     245         1,073   

Kungsleden AB

     536         3,464   

Lagercrantz Group AB Class B

     96         901   

Lindab International AB

     147         1,122   

Loomis AB Class B

     191         4,637   

Mekonomen AB

     135         2,900   

Modern Times Group MTG AB Class B

     263         6,910   

MQ Holding AB

     268         1,012   

Munksjo Oyj*

     120         1,264   

Mycronic AB

     498         3,688   

NetEnt AB*

     312         3,056   

Nobia AB

     442         3,808   

Nobina AB(b)

     421         2,231   

Nordax Group AB(b)

     178         760   

NP3 Fastigheter AB

     315         1,532   

Peab AB

     852         6,411   

Ratos AB Class B

     1,596         7,725   

Rottneros AB

     1,242         901   

Scandi Standard AB

     189         1,344   

SkiStar AB

     127         1,844   

Sweco AB Class B

     225         3,880   

Thule Group AB (The)(b)

     98         1,391   

Wihlborgs Fastigheter AB

     218         4,431   
     

 

 

 
Total Sweden         131,281   
Switzerland – 1.3%      

Ascom Holding AG Registered Shares

     90         1,432   

Cembra Money Bank AG*

     132         9,234   

GAM Holding AG*

     787         8,361   

Gategroup Holding AG*

     37         1,952   

Implenia AG Registered Shares

     50         3,295   

Kudelski S.A. Bearer Shares*

     109         2,165   

Mobilezone Holding AG Registered Shares

     116         1,500   

U-Blox AG*

     6         1,290   

Valiant Holding AG Registered Shares

     12         1,154   
     

 

 

 
Total Switzerland         30,383   
United Arab Emirates – 0.0%      

Gulf Marine Services PLC

     1,156         726   

 

See Notes to Financial Statements.

 

46   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
United Kingdom – 15.7%      

A.G. Barr PLC

     344       $ 2,227   

Abcam PLC

     203         2,090   

Acacia Mining PLC

     194         1,170   

Assura PLC

     4,454         3,260   

AVEVA Group PLC

     90         2,038   

BCA Marketplace PLC

     1,163         2,612   

BGEO Group PLC*

     116         4,066   

Big Yellow Group PLC

     355         3,706   

Bloomsbury Publishing PLC

     838         1,795   

Bodycote PLC

     758         5,219   

Bovis Homes Group PLC

     494         4,814   

Brammer PLC

     754         605   

Card Factory PLC

     1,914         8,160   

Carillion PLC

     2,678         8,370   

Chesnara PLC

     265         974   

Cineworld Group PLC

     702         5,124   

Clarkson PLC

     75         2,213   

Clinigen Healthcare Ltd.*

     196         1,585   

Computacenter PLC

     316         3,115   

Concentric AB

     167         1,902   

Connect Group PLC

     1,422         2,813   

Countrywide PLC

     889         2,919   

Cranswick PLC

     85         2,371   

Crest Nicholson Holdings PLC

     734         3,493   

Dart Group PLC

     99         697   

Darty PLC

     1,219         2,747   

De La Rue PLC

     633         4,324   

Debenhams PLC

     5,947         4,396   

Dechra Pharmaceuticals PLC

     158         2,475   

DFS Furniture PLC

     934         2,612   

Diploma PLC

     280         3,120   

Drax Group PLC

     921         3,985   

E2V Technologies PLC

     399         1,091   

Electrocomponents PLC

     2,004         6,971   

Elementis PLC

     2,420         6,460   

Epwin Group PLC

     797         1,161   

esure Group PLC

     1,673         6,399   

Euromoney Institutional Investor PLC

     205         2,562   

Exova Group PLC

     507         1,220   

FDM Group Holdings PLC

     310         1,865   

Fenner PLC

     1,492         3,131   

Fidessa Group PLC

     131         3,441   

Foxtons Group PLC

     1,780         2,653   

Galliford Try PLC

     433         5,282   

GAME Digital PLC

     1,114         1,020   

Gamma Communications PLC

     167         860   

Genus PLC

     89         1,862   

Go-Ahead Group PLC

     82         2,144   

Halfords Group PLC

     768         3,301   

Hastings Group Holdings Ltd.(b)

     932         2,147   

Henry Boot PLC

     692         1,767   

Hill & Smith Holdings PLC

     250         2,973   

Home Retail Group PLC

     1,781         3,640   

HomeServe PLC

     700       $ 4,931   

Hunting PLC

     346         2,220   

Huntsworth PLC

     1,677         874   

Ibstock PLC(b)

     957         1,663   

Indivior PLC

     2,471         8,294   

ITE Group PLC

     998         1,908   

J D Wetherspoon PLC

     182         1,718   

James Fisher & Sons PLC

     83         1,539   

James Halstead PLC

     161         880   

John Laing Group PLC(b)

     942         2,833   

John Menzies PLC

     216         1,575   

Johnson Service Group PLC

     987         1,174   

JRP Group PLC

     1,577         2,319   

Kcom Group PLC

     2,589         3,651   

Keller Group PLC

     220         2,662   

Kier Group PLC

     451         6,349   

Ladbrokes PLC

     2,405         3,588   

Laird PLC

     1,044         4,586   

Lavendon Group PLC

     1,021         1,518   

LSL Property Services PLC

     509         1,660   

M&C Saatchi PLC

     298         1,131   

Marshalls PLC

     658         2,092   

Marston’s PLC

     887         1,597   

McCarthy & Stone PLC(b)

     341         782   

McKay Securities PLC

     714         1,575   

Melrose Industries PLC

     651         3,705   

Millennium & Copthorne Hotels PLC

     540         2,890   

Mitchells & Butlers PLC

     1,094         3,387   

Mitie Group PLC

     1,517         5,029   

MJ Gleeson PLC

     196         1,100   

Morgan Advanced Materials PLC

     1,282         3,978   

N Brown Group PLC

     1,609         3,747   

Northgate PLC

     585         2,551   

Novae Group PLC

     87         873   

Numis Corp. PLC

     812         2,155   

OneSavings Bank PLC

     622         1,760   

Oxford Instruments PLC

     115         1,093   

Pagegroup PLC

     2,186         8,682   

Pan African Resources PLC

     4,536         1,152   

PayPoint PLC

     275         3,320   

Pets at Home Group PLC

     1,152         3,588   

Photo-Me International PLC

     1,524         2,781   

Poundland Group PLC

     722         1,993   

Premier Farnell PLC

     1,882         4,145   

PZ Cussons PLC

     867         3,810   

Renishaw PLC

     159         4,640   

Restaurant Group PLC (The)

     853         3,280   

Ricardo PLC

     96         948   

Robert Walters PLC

     321         1,116   

RWS Holdings PLC

     572         1,705   

Safestore Holdings PLC

     472         2,330   

Senior PLC

     1,219         3,349   

Sepura PLC

     1,036         557   

Servelec Group PLC

     201         591   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      47   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Shanks Group PLC

     1,312       $ 1,371   

SIG PLC

     2,071         3,115   

Speedy Hire PLC

     1,211         538   

Spire Healthcare Group PLC(b)

     399         1,782   

Spirent Communications PLC

     1,670         1,814   

SSP Group PLC

     854         3,208   

Stagecoach Group PLC

     2,334         7,211   

SThree PLC

     347         1,154   

Stock Spirits Group PLC

     516         1,112   

SuperGroup PLC

     53         897   

Synthomer PLC

     765         3,320   

Telecom Plus PLC

     274         3,817   

Telit Communications PLC

     252         819   

Topps Tiles PLC

     729         1,033   

Tullett Prebon PLC

     316         1,285   

U & I Group PLC

     1,088         2,298   

Unite Group PLC (The)

     519         4,302   

Urban & Civic PLC

     489         1,353   

Utilitywise PLC

     422         695   

Vedanta Resources PLC

     1,615         8,996   

Vertu Motors PLC

     2,147         1,205   

Vesuvius PLC

     1,197         4,591   

Victrex PLC

     286         5,777   

Virgin Money Holdings UK PLC

     586         1,966   

Wilmington PLC

     644         2,172   

Xaar PLC

     171         956   

Zoopla Property Group PLC(b)

     437         1,554   
     

 

 

 
Total United Kingdom               374,662   

TOTAL COMMON STOCKS

(Cost: $2,371,969)

              2,377,241   
RIGHTS – 0.0%   
New Zealand – 0.0%      

SKYCITY Entertainment Group Ltd., expiring 7/5/16*

     263         34   
United Kingdom – 0.0%      
Sepura PLC, expiring 7/13/16*      345         24   

TOTAL RIGHTS

(Cost: $0)

              58   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%   
United States – 0.3%      

State Street Navigator Securities Lending Prime Portfolio, 0.52%(c)

(Cost: $7,393)(d)

     7,393         7,393   

TOTAL INVESTMENTS IN SECURITIES – 99.9%

(Cost: $2,379,362)

        2,384,692   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.1%

        2,843   
     

 

 

 
NET ASSETS – 100.0%             $ 2,387,535   

 

 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $1,371, which represents 0.1% of net assets.

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2016 (See Note 2).

 

(b)

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

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2016.

 

(d) 

At June 30, 2016, the total market value of the Fund’s securities on loan was $7,020 and the total market value of the collateral held by the Fund was $7,393.

CVA – Certificaten Van Aandelen (Certificate of Stock)

RSP – Risparmio Italian Savings Shares

 

FINANCIAL DERIVATIVE INSTRUMENTS   
FOREIGN CURRENCY CONTRACTS   
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2016

    AUD        30,536        USD        22,094      $ (643

7/5/2016

    AUD        40,074        USD        28,995        (844

7/5/2016

    AUD        40,075        USD        28,995        (845

7/5/2016

    AUD        40,073        USD        28,995        (844

7/5/2016

    AUD        40,072        USD        28,995        (843

7/5/2016

    CHF        7,112        USD        7,164        (136

7/5/2016

    CHF        9,332        USD        9,401        (179

7/5/2016

    CHF        9,332        USD        9,401        (179

7/5/2016

    CHF        9,332        USD        9,401        (179

7/5/2016

    CHF        9,332        USD        9,401        (178

7/5/2016

    DKK        16,582        USD        2,484        8   

7/5/2016

    DKK        21,732        USD        3,256        11   

7/5/2016

    DKK        21,732        USD        3,256        11   

7/5/2016

    DKK        21,733        USD        3,256        11   

7/5/2016

    DKK        21,732        USD        3,256        11   

7/5/2016

    EUR        36,911        USD        41,136        129   

7/5/2016

    EUR        48,442        USD        53,988        171   

7/5/2016

    EUR        48,442        USD        53,988        171   

7/5/2016

    EUR        48,444        USD        53,988        169   

7/5/2016

    EUR        48,440        USD        53,988        173   

7/5/2016

    GBP        17,700        JPY        2,426,493        (9

7/5/2016

    GBP        38,759        USD        56,427        4,613   

7/5/2016

    GBP        50,872        USD        74,059        6,053   

7/5/2016

    GBP        50,872        USD        74,059        6,053   

7/5/2016

    GBP        50,873        USD        74,059        6,052   

7/5/2016

    GBP        50,871        USD        74,059        6,055   

7/5/2016

    ILS        15,657        USD        4,067        1   

7/5/2016

    ILS        20,527        USD        5,333        3   

7/5/2016

    ILS        20,526        USD        5,333        3   

7/5/2016

    ILS        20,529        USD        5,333        2   

7/5/2016

    ILS        20,527        USD        5,333        3   

7/5/2016

    JPY        6,263,138        USD        56,538        (4,512

7/5/2016

    JPY        8,220,452        USD        74,204        (5,925

7/5/2016

    JPY        8,220,022        USD        74,204        (5,921

7/5/2016

    JPY        8,220,638        USD        74,204        (5,927

7/5/2016

    JPY        8,220,163        USD        74,204        (5,922

7/5/2016

    NOK        22,391        USD        2,677        1   

7/5/2016

    NOK        29,359        USD        3,510        1   

7/5/2016

    NOK        29,358        USD        3,510        2   

7/5/2016

    NOK        29,358        USD        3,510        2   

7/5/2016

    NOK        29,358        USD        3,510        2   

7/5/2016

    NZD        4,990        USD        3,370        (184

7/5/2016

    NZD        6,543        USD        4,419        (241

7/5/2016

    NZD        6,543        USD        4,419        (241

7/5/2016

    NZD        6,543        USD        4,419        (241

7/5/2016

    NZD        6,543        USD        4,419        (241

7/5/2016

    SEK        9,665        NZD        1,600        (1

7/5/2016

    SEK        107,672        USD        12,907        199   

7/5/2016

    SEK        141,291        USD        16,938        262   

7/5/2016

    SEK        141,293        USD        16,938        262   

7/5/2016

    SEK        141,302        USD        16,938        261   

 

See Notes to Financial Statements.

 

48   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2016

    SEK        141,300        USD        16,938      $ 261   

7/5/2016

    SGD        4,115        AUD        4,100        (5

7/5/2016

    SGD        1,172        CHF        850        1   

7/5/2016

    SGD        9,352        USD        6,788        (160

7/5/2016

    SGD        12,271        USD        8,908        (209

7/5/2016

    SGD        12,270        USD        8,908        (208

7/5/2016

    SGD        12,270        USD        8,908        (208

7/5/2016

    SGD        12,271        USD        8,908        (210

7/5/2016

    USD        2,486        AUD        3,331        (5

7/5/2016

    USD        28,473        AUD        38,237        (1

7/5/2016

    USD        28,473        AUD        38,238        (1

7/5/2016

    USD        28,473        AUD        38,237        (1

7/5/2016

    USD        21,696        AUD        29,139        1   

7/5/2016

    USD        28,473        AUD        38,238        (1

7/5/2016

    USD        806        CHF        773        (13

7/5/2016

    USD        9,232        CHF        8,994          

7/5/2016

    USD        9,232        CHF        8,993        (1

7/5/2016

    USD        9,232        CHF        8,994          

7/5/2016

    USD        7,034        CHF        6,853          

7/5/2016

    USD        9,232        CHF        8,994          

7/5/2016

    USD        279        DKK        1,829        (6

7/5/2016

    USD        3,198        DKK        21,417          

7/5/2016

    USD        3,198        DKK        21,417          

7/5/2016

    USD        2,437        DKK        16,321          

7/5/2016

    USD        3,198        DKK        21,416          

7/5/2016

    USD        3,198        DKK        21,417          

7/5/2016

    USD        4,629        EUR        4,080        (96

7/5/2016

    USD        53,016        EUR        47,720        (1

7/5/2016

    USD        53,016        EUR        47,719        (3

7/5/2016

    USD        53,016        EUR        47,719        (2

7/5/2016

    USD        53,016        EUR        47,719        (3

7/5/2016

    USD        40,395        EUR        36,360        (1

7/5/2016

    USD        6,350        GBP        4,320        (575

7/5/2016

    USD        72,725        GBP        54,400        (4

7/5/2016

    USD        72,725        GBP        54,401        (2

7/5/2016

    USD        72,725        GBP        54,400        (3

7/5/2016

    USD        55,413        GBP        41,451        (2

7/5/2016

    USD        72,725        GBP        54,400        (4

7/5/2016

    USD        457        ILS        1,762        1   

7/5/2016

    USD        5,237        ILS        20,167          

7/5/2016

    USD        5,237        ILS        20,162        (2

7/5/2016

    USD        5,237        ILS        20,167          

7/5/2016

    USD        3,994        ILS        15,381          

7/5/2016

    USD        5,237        ILS        20,167          

7/5/2016

    USD        6,362        JPY        663,684        107   

7/5/2016

    USD        72,868        JPY        7,475,382        (1

7/5/2016

    USD        72,868        JPY        7,475,149        (4

7/5/2016

    USD        72,868        JPY        7,475,156        (4

7/5/2016

    USD        72,868        JPY        7,475,156        (4

7/5/2016

    USD        55,520        JPY        5,695,963        2   

7/5/2016

    USD        301        NOK        2,484        (4

7/5/2016

    USD        3,447        NOK        29,188        41   

7/5/2016

    USD        3,447        NOK        28,843          

7/5/2016

    USD        3,447        NOK        28,843          

7/5/2016

    USD        3,447        NOK        28,844          

7/5/2016

    USD        2,628        NOK        21,992          

7/5/2016

    USD        379        NZD        533        1   

7/5/2016

    USD        4,340        NZD        6,093          

7/5/2016

    USD        4,340        NZD        6,094      $   

7/5/2016

    USD        4,340        NZD        6,094          

7/5/2016

    USD        4,340        NZD        6,094          

7/5/2016

    USD        3,307        NZD        4,643          

7/5/2016

    USD        1,452        SEK        11,958        (41

7/5/2016

    USD        16,633        SEK        140,919        (1

7/5/2016

    USD        16,633        SEK        140,919        (1

7/5/2016

    USD        16,633        SEK        140,919        (1

7/5/2016

    USD        12,675        SEK        107,395          

7/5/2016

    USD        16,633        SEK        140,926          

7/5/2016

    USD        764        SGD        1,026        (1

7/5/2016

    USD        8,747        SGD        11,771        (1

7/5/2016

    USD        8,747        SGD        11,773          

7/5/2016

    USD        8,747        SGD        11,774        1   

7/5/2016

    USD        8,747        SGD        11,773          

7/5/2016

    USD        6,668        SGD        8,975          

8/2/2016

    DKK        19,418        USD        2,902        (1

8/2/2016

    DKK        19,417        USD        2,902          

8/2/2016

    DKK        14,806        USD        2,213          

8/2/2016

    DKK        19,417        USD        2,902          

8/2/2016

    DKK        19,416        USD        2,902          

8/2/2016

    EUR        46,732        USD        51,972        3   

8/2/2016

    EUR        46,734        USD        51,972        1   

8/2/2016

    EUR        46,735        USD        51,972          

8/2/2016

    EUR        35,610        USD        39,600        (1

8/2/2016

    EUR        46,734        USD        51,972          

8/2/2016

    GBP        49,722        USD        66,478        (3

8/2/2016

    GBP        49,719        USD        66,478        1   

8/2/2016

    GBP        49,718        USD        66,478        2   

8/2/2016

    GBP        37,881        USD        50,653        4   

8/2/2016

    GBP        49,719        USD        66,478        1   

8/2/2016

    ILS        25,815        USD        6,705        (2

8/2/2016

    ILS        25,802        USD        6,705        2   

8/2/2016

    ILS        25,811        USD        6,705        (1

8/2/2016

    ILS        19,669        USD        5,110          

8/2/2016

    ILS        25,813        USD        6,705        (1

8/2/2016

    NOK        20,916        USD        2,470        (29

8/2/2016

    NOK        20,669        USD        2,470          

8/2/2016

    NOK        20,669        USD        2,470          

8/2/2016

    NOK        15,758        USD        1,883          

8/2/2016

    NOK        20,670        USD        2,470          

8/2/2016

    NZD        4,526        USD        3,219          

8/2/2016

    NZD        4,526        USD        3,219          

8/2/2016

    NZD        4,526        USD        3,219          

8/2/2016

    NZD        3,449        USD        2,453          

8/2/2016

    NZD        4,526        USD        3,219          

8/2/2016

    SEK        115,602        USD        13,661          

8/2/2016

    SEK        115,604        USD        13,661          

8/2/2016

    SEK        115,604        USD        13,661          

8/2/2016

    SEK        115,609        USD        13,661          

8/2/2016

    SEK        88,092        USD        10,409        (1

8/3/2016

    AUD        14,147        USD        10,523          

8/3/2016

    AUD        14,147        USD        10,523          

8/3/2016

    AUD        14,147        USD        10,523          

8/3/2016

    AUD        14,147        USD        10,523          

8/3/2016

    AUD        10,784        USD        8,021          

8/3/2016

    CHF        4,640        USD        4,772          

8/3/2016

    CHF        4,641        USD        4,772        (1

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      49   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

June 30, 2016

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

8/3/2016

    CHF        3,537        USD        3,637      $   

8/3/2016

    CHF        4,640        USD        4,772          

8/3/2016

    CHF        4,641        USD        4,772        (1

8/3/2016

    JPY        6,758,459        USD        65,936        (2

8/3/2016

    JPY        6,758,182        USD        65,936        1   

8/3/2016

    JPY        6,758,565        USD        65,936        (3

8/3/2016

    JPY        6,758,433        USD        65,936        (1

8/3/2016

    JPY        5,149,798        USD        50,239        (4

8/3/2016

    SGD        10,504        USD        7,799        (4

8/3/2016

    SGD        10,500        USD        7,799        (1

8/3/2016

    SGD        10,502        USD        7,799        (2

8/3/2016

    SGD        10,501        USD        7,799        (1

8/3/2016

    SGD        8,004        USD        5,944        (2
                                    $ (4,960

 

CURRENCY LEGEND

AUD – Australian dollar

CHF – Swiss franc

DKK – Danish krone

EUR – Euro

GBP – British pound

ILS – Israeli New shekel

JPY – Japanese yen

NOK – Norwegian krone

NZD – New Zealand dollar

SEK – Swedish krona

SGD – Singapore dollar

USD – U.S. dollar

 

See Notes to Financial Statements.

 

50   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
COMMON STOCKS – 100.0%      
Japan – 100.0%      
Air Freight & Logistics – 0.4%      

Kintetsu World Express, Inc.

     300       $ 3,611   

Mitsui-Soko Holdings Co., Ltd.

     1,000         2,661   

Shibusawa Warehouse Co., Ltd. (The)

     2,000         5,342   

Yamato Holdings Co., Ltd.

     300         6,844   
     

 

 

 
Total Air Freight & Logistics               18,458   
Airlines – 0.5%      

ANA Holdings, Inc.

     3,000         8,515   

Japan Airlines Co., Ltd.

     500         16,045   
     

 

 

 
Total Airlines               24,560   
Auto Components – 4.1%      

Aisin Seiki Co., Ltd.

     300         12,092   

Bridgestone Corp.

     1,500         47,797   

Denso Corp.

     1,300         45,327   

Eagle Industry Co., Ltd.

     300         3,451   

Exedy Corp.

     100         2,125   

FCC Co., Ltd.

     100         1,613   

Keihin Corp.

     200         3,047   

Koito Manufacturing Co., Ltd.

     200         9,114   

NGK Spark Plug Co., Ltd.

     300         4,471   

Nifco, Inc.

     100         5,205   

NOK Corp.

     300         5,038   

Stanley Electric Co., Ltd.

     200         4,225   

Sumitomo Electric Industries Ltd.

     1,000         13,067   

Sumitomo Rubber Industries Ltd.(a)

     600         7,971   

Tokai Rika Co., Ltd.

     100         1,460   

Toyoda Gosei Co., Ltd.

     300         5,296   

Toyota Boshoku Corp.

     200         4,125   

TS Tech Co., Ltd.

     100         2,426   

Yokohama Rubber Co., Ltd. (The)

     300         3,720   
     

 

 

 
Total Auto Components               181,570   
Automobiles – 10.3%      

Daihatsu Motor Co., Ltd.

     500         6,448   

Fuji Heavy Industries Ltd.

     1,500         50,853   

Honda Motor Co., Ltd.

     2,700         67,704   

Isuzu Motors Ltd.

     1,200         14,604   

Mazda Motor Corp.

     500         6,623   

Mitsubishi Motors Corp.

     1,100         5,029   

Nissan Motor Co., Ltd.

     9,100         81,420   

Suzuki Motor Corp.

     400         10,736   

Toyota Motor Corp.

     4,300         211,752   

Yamaha Motor Co., Ltd.

     300         4,506   
     

 

 

 
Total Automobiles               459,675   
Banks – 9.8%      

77 Bank Ltd. (The)

     1,000         3,470   

Aozora Bank Ltd.

     3,000         10,352   

Ashikaga Holdings Co., Ltd.

     1,000         3,187   

Bank of Kyoto Ltd. (The)

     1,000         6,073   

Chiba Bank Ltd. (The)

     1,000         4,689   

Daishi Bank Ltd. (The)

     1,000         3,168   

Ehime Bank Ltd. (The)

     2,000       $ 4,425   

Fukui Bank Ltd. (The)(a)

     2,000         4,406   

Fukuoka Financial Group, Inc.

     2,000         6,531   

Gunma Bank Ltd. (The)

     1,000         3,607   

Hachijuni Bank Ltd. (The)

     1,200         5,193   

Hiroshima Bank Ltd. (The)

     1,000         3,314   

Hokuetsu Bank Ltd. (The)

     1,000         1,686   

Hokuhoku Financial Group, Inc.

     5,000         5,654   

Hyakujushi Bank Ltd. (The)

     1,000         2,895   

Iyo Bank Ltd. (The)

     600         3,644   

Joyo Bank Ltd. (The)

     1,000         3,714   

Juroku Bank Ltd. (The)

     1,000         2,632   

Keiyo Bank Ltd. (The)

     1,000         3,733   

Kyushu Financial Group, Inc.

     500         2,466   

Mitsubishi UFJ Financial Group, Inc.

     23,000         102,210   

Mizuho Financial Group, Inc.

     57,700         83,409   

Musashino Bank Ltd. (The)

     200         4,499   

Nishi-Nippon City Bank Ltd. (The)

     2,000         3,490   

North Pacific Bank Ltd.

     1,600         4,320   

Ogaki Kyoritsu Bank Ltd. (The)

     1,000         2,749   

Oita Bank Ltd. (The)

     2,000         5,731   

Resona Holdings, Inc.

     5,300         19,218   

Seven Bank Ltd.

     1,500         4,620   

Shizuoka Bank Ltd. (The)

     1,000         6,989   

Sumitomo Mitsui Financial Group, Inc.

     3,100         88,416   

Sumitomo Mitsui Trust Holdings, Inc.

     7,000         22,503   

Suruga Bank Ltd.

     200         4,494   
     

 

 

 
Total Banks               437,487   
Beverages – 1.4%      

Asahi Group Holdings Ltd.

     400         12,890   

Coca-Cola East Japan Co., Ltd.

     200         3,815   

Coca-Cola West Co., Ltd.

     200         5,638   

Ito En Ltd.

     200         7,710   

Kirin Holdings Co., Ltd.

     1,300         21,834   

Suntory Beverage & Food Ltd.

     200         9,007   
     

 

 

 
Total Beverages               60,894   
Building Products – 1.0%      

Aica Kogyo Co., Ltd.

     200         4,533   

Asahi Glass Co., Ltd.(a)

     2,000         10,761   

Daikin Industries Ltd.

     200         16,598   

Sanwa Holdings Corp.

     400         3,599   

TOTO Ltd.

     200         7,915   
     

 

 

 
Total Building Products               43,406   
Capital Markets – 1.4%      

Daiwa Securities Group, Inc.

     4,000         20,957   

Ichiyoshi Securities Co., Ltd.

     500         3,558   

IwaiCosmo Holdings, Inc.

     600         4,936   

kabu.com Securities Co., Ltd.

     1,200         3,848   

Matsui Securities Co., Ltd.

     300         2,462   

Nomura Holdings, Inc.

     3,400         12,103   

Okasan Securities Group, Inc.

     1,000         4,416   

SBI Holdings, Inc.

     300         2,951   

Tokai Tokyo Financial Holdings, Inc.

     1,200         5,053   
     

 

 

 
Total Capital Markets               60,284   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      51   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
Chemicals – 3.9%      

Asahi Kasei Corp.

     2,000       $ 13,802   

DIC Corp.

     100         2,072   

Hitachi Chemical Co., Ltd.

     300         5,536   

JSR Corp.

     500         6,560   

Kaneka Corp.

     1,000         6,609   

Kansai Paint Co., Ltd.

     200         4,006   

Kuraray Co., Ltd.

     600         7,106   

Lintec Corp.

     100         1,948   

Mitsubishi Chemical Holdings Corp.

     2,100         9,512   

Mitsubishi Gas Chemical Co., Inc.

     1,000         5,176   

Mitsui Chemicals, Inc.

     1,000         3,626   

Nihon Parkerizing Co., Ltd.

     300         3,126   

Nippon Paint Holdings Co., Ltd.

     200         4,878   

Nippon Shokubai Co., Ltd.

     100         5,683   

Nippon Valqua Industries Ltd.

     2,000         5,088   

Nissan Chemical Industries Ltd.

     200         5,786   

Nitto Denko Corp.

     100         6,274   

Shin-Etsu Chemical Co., Ltd.

     400         23,246   

Showa Denko K.K.

     500         4,684   

Sumitomo Chemical Co., Ltd.

     3,000         12,223   

Taiyo Holdings Co., Ltd.

     100         3,066   

Taiyo Nippon Sanso Corp.

     500         4,552   

Teijin Ltd.

     1,000         3,285   

Toagosei Co., Ltd.

     400         3,657   

Toray Industries, Inc.

     1,000         8,474   

Tosoh Corp.

     1,000         4,562   

Toyo Ink SC Holdings Co., Ltd.

     1,000         4,162   

Toyobo Co., Ltd.

     2,000         3,763   

Ube Industries Ltd.

     1,000         1,638   
     

 

 

 
Total Chemicals               174,100   
Commercial Services & Supplies – 1.1%      

Dai Nippon Printing Co., Ltd.

     1,000         11,063   

Kokuyo Co., Ltd.

     200         2,840   

Okamura Corp.

     400         3,958   

Park24 Co., Ltd.

     200         6,853   

Secom Co., Ltd.

     200         14,725   

Toppan Printing Co., Ltd.

     1,000         8,558   
     

 

 

 
Total Commercial Services & Supplies               47,997   
Construction & Engineering – 1.2%      

COMSYS Holdings Corp.

     200         3,225   

Kajima Corp.

     1,000         6,901   

Kinden Corp.

     400         4,305   

Kyowa Exeo Corp.

     200         2,484   

Obayashi Corp.

     900         9,518   

Shimizu Corp.

     1,000         9,319   

Taikisha Ltd.

     200         4,938   

Taisei Corp.

     1,000         8,168   

Toda Corp.

     1,000         4,289   
     

 

 

 
Total Construction & Engineering               53,147   
Construction Materials – 0.1%      

Taiheiyo Cement Corp.

     1,000         2,349   
Containers & Packaging – 0.1%      

Toyo Seikan Group Holdings Ltd.

     200       $ 3,786   
Distributors – 0.2%      

Canon Marketing Japan, Inc.

     200         3,632   

Paltac Corp.

     200         4,037   
     

 

 

 
Total Distributors               7,669   
Diversified Financial Services – 0.4%      

IBJ Leasing Co., Ltd.

     300         5,149   

Japan Exchange Group, Inc.

     1,100         12,524   
     

 

 

 
Total Diversified Financial Services               17,673   
Diversified Telecommunication Services – 2.6%      

Nippon Telegraph & Telephone Corp.

     2,500         116,971   
Electric Utilities – 0.7%      

Chubu Electric Power Co., Inc.

     600         8,472   

Chugoku Electric Power Co., Inc. (The)

     600         7,597   

Hokuriku Electric Power Co.

     500         6,165   

Shikoku Electric Power Co., Inc.

     300         3,527   

Tohoku Electric Power Co., Inc.

     400         5,018   
     

 

 

 
Total Electric Utilities               30,779   
Electrical Equipment – 1.4%      

Fuji Electric Co., Ltd.

     1,000         4,114   

Furukawa Electric Co., Ltd.

     1,000         2,300   

GS Yuasa Corp.

     1,000         3,802   

Idec Corp.

     500         4,401   

Mabuchi Motor Co., Ltd.

     100         4,172   

Mitsubishi Electric Corp.

     2,000         23,550   

Nidec Corp.

     200         15,054   

Nitto Kogyo Corp.

     300         3,693   
     

 

 

 
Total Electrical Equipment               61,086   
Electronic Equipment, Instruments & Components – 3.1%      

Alps Electric Co., Ltd.

     200         3,722   

Amano Corp.

     200         3,462   

Azbil Corp.

     200         5,858   

Canon Electronics, Inc.(a)

     300         4,123   

Dexerials Corp.

     400         2,788   

Enplas Corp.

     100         2,621   

Hamamatsu Photonics K.K.

     100         2,783   

Hitachi High-Technologies Corp.

     200         5,422   

Hitachi Ltd.

     6,000         24,792   

Kyocera Corp.

     400         18,879   

Kyosan Electric Manufacturing Co., Ltd.

     1,000         3,246   

Macnica Fuji Electronics Holdings, Inc.

     300         3,082   

Murata Manufacturing Co., Ltd.

     200         22,186   

Nippon Electric Glass Co., Ltd.

     1,000         4,143   

Oki Electric Industry Co., Ltd.

     2,000         2,651   

Omron Corp.

     300         9,679   

Satori Electric Co., Ltd.

     600         3,901   

TDK Corp.

     100         5,527   

Yaskawa Electric Corp.

     200         2,579   

Yokogawa Electric Corp.

     400         4,468   
     

 

 

 
Total Electronic Equipment, Instruments & Components         135,912   

 

See Notes to Financial Statements.

 

52   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
Food & Staples Retailing – 2.0%      

Aeon Co., Ltd.

     800       $ 12,368   

Arcs Co., Ltd.

     200         4,749   

Axial Retailing, Inc.

     100         3,441   

Cawachi Ltd.

     200         4,765   

FamilyMart Co., Ltd.

     200         12,184   

Lawson, Inc.

     100         7,964   

Seven & I Holdings Co., Ltd.

     700         29,210   

Sundrug Co., Ltd.

     100         9,319   

UNY Group Holdings Co., Ltd.

     400         3,357   
     

 

 

 
Total Food & Staples Retailing               87,357   
Food Products – 1.0%      

Ajinomoto Co., Inc.

     300         7,036   

Kewpie Corp.

     200         6,336   

Megmilk Snow Brand Co., Ltd.

     100         3,485   

MEIJI Holdings Co., Ltd.

     100         10,166   

Nissin Foods Holdings Co., Ltd.

     100         5,449   

Toyo Suisan Kaisha Ltd.

     200         8,071   

Yakult Honsha Co., Ltd.

     100         5,147   
     

 

 

 
Total Food Products               45,690   
Gas Utilities – 0.6%      

Osaka Gas Co., Ltd.

     2,000         7,650   

Saibu Gas Co., Ltd.

     2,000         4,854   

Tokyo Gas Co., Ltd.

     3,000         12,294   
     

 

 

 
Total Gas Utilities               24,798   
Health Care Equipment & Supplies – 0.8%      

Hoya Corp.

     400         14,169   

Nihon Kohden Corp.

     100         2,793   

Nipro Corp.

     400         4,936   

Sysmex Corp.

     100         6,813   

Terumo Corp.

     200         8,471   
     

 

 

 
Total Health Care Equipment & Supplies               37,182   
Health Care Providers & Services – 0.4%      

Alfresa Holdings Corp.

     200         4,145   

Medipal Holdings Corp.

     200         3,267   

Miraca Holdings, Inc.

     100         4,308   

Ship Healthcare Holdings, Inc.

     100         3,090   

Suzuken Co., Ltd.

     100         3,129   
     

 

 

 
Total Health Care Providers & Services               17,939   
Health Care Technology – 0.1%      

M3, Inc.

     100         3,460   
Hotels, Restaurants & Leisure – 0.6%      

Accordia Golf Co., Ltd.

     500         5,225   

McDonald’s Holdings Co., Japan Ltd.

     200         5,449   

Oriental Land Co., Ltd.

     100         6,457   

Round One Corp.

     600         4,807   

Skylark Co., Ltd.

     400         5,053   
     

 

 

 
Total Hotels, Restaurants & Leisure               26,991   
Household Durables – 2.3%      

Fuji Corp., Ltd.

     600         3,802   

Haseko Corp.

     200         1,990   

Iida Group Holdings Co., Ltd.

     400       $ 8,122   

Nihon House Holdings Co., Ltd.

     1,900         5,834   

Nikon Corp.

     300         4,053   

Panasonic Corp.

     3,300         28,339   

Sangetsu Co., Ltd.

     200         3,735   

Sekisui Chemical Co., Ltd.

     600         7,334   

Sekisui House Ltd.

     1,200         20,815   

Sony Corp.

     400         11,650   

Starts Corp., Inc.

     200         3,954   

Sumitomo Forestry Co., Ltd.

     200         2,690   
     

 

 

 
Total Household Durables               102,318   
Household Products – 0.3%      

Pigeon Corp.

     200         5,897   

Unicharm Corp.

     300         6,682   
     

 

 

 
Total Household Products               12,579   
Independent Power & Renewable Electricity Producers – 0.2%   

Electric Power Development Co., Ltd.

     300         6,957   
Industrial Conglomerates – 0.1%      

Nisshinbo Holdings, Inc.

     300         2,699   

Seibu Holdings, Inc.

     200         3,371   
     

 

 

 
Total Industrial Conglomerates               6,070   
Insurance – 4.1%      

Dai-ichi Life Insurance Co., Ltd. (The)

     1,700         18,675   

Japan Post Holdings Co., Ltd.

     4,300         52,016   

Japan Post Insurance Co., Ltd.

     800         16,306   

MS&AD Insurance Group Holdings, Inc.

     1,000         25,553   

Sompo Japan Nipponkoa Holdings, Inc.

     300         7,891   

Sony Financial Holdings, Inc.

     1,000         11,151   

T&D Holdings, Inc.

     1,200         10,047   

Tokio Marine Holdings, Inc.

     1,200         39,384   
     

 

 

 
Total Insurance               181,023   
Internet & Catalog Retail – 0.2%      

Rakuten, Inc.

     400         4,299   

Start Today Co., Ltd.

     100         5,244   
     

 

 

 
Total Internet & Catalog Retail               9,543   
Internet Software & Services – 0.8%      

GMO Internet, Inc.

     200         2,061   

Kakaku.com, Inc.

     100         1,974   

Mixi, Inc.

     200         8,178   

Yahoo Japan Corp.

     5,500         24,232   
     

 

 

 
Total Internet Software & Services               36,445   
IT Services – 1.1%      

Fujitsu Ltd.

     2,000         7,291   

Itochu Techno-Solutions Corp.

     200         4,281   

Nomura Research Institute Ltd.

     200         7,291   

NS Solutions Corp.

     100         1,533   

NTT Data Corp.

     200         9,416   

Obic Co., Ltd.

     100         5,468   

Otsuka Corp.

     100         4,655   

SCSK Corp.

     100         3,729   

Transcosmos, Inc.

     200         5,660   
     

 

 

 
Total IT Services               49,324   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      53   


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
Leisure Products – 0.7%      

Bandai Namco Holdings, Inc.

     300       $ 7,699   

Heiwa Corp.

     200         4,033   

Sankyo Co., Ltd.

     200         7,467   

Sega Sammy Holdings, Inc.

     700         7,499   

Yamaha Corp.

     200         5,336   
     

 

 

 
Total Leisure Products               32,034   
Machinery – 5.7%      

Alinco, Inc.

     600         5,626   

Amada Holdings Co., Ltd.

     600         6,036   

Daifuku Co., Ltd.

     200         3,544   

DMG Mori Co., Ltd.

     200         1,895   

Ebara Corp.

     1,000         5,468   

FANUC Corp.

     300         48,353   

Giken Ltd.

     200         3,727   

Hino Motors Ltd.

     1,100         10,840   

Hitachi Construction Machinery Co., Ltd.

     300         4,331   

Hoshizaki Electric Co., Ltd.

     100         9,738   

IHI Corp.

     1,000         2,651   

JTEKT Corp.

     400         4,472   

Kawasaki Heavy Industries Ltd.

     3,000         8,334   

Komatsu Ltd.

     1,600         27,597   

Kubota Corp.

     1,000         13,330   

Kurita Water Industries Ltd.

     200         4,441   

Makita Corp.

     200         13,179   

Minebea Co., Ltd.

     700         4,674   

Mitsubishi Heavy Industries Ltd.

     5,000         19,856   

Miura Co., Ltd.

     200         4,447   

Nabtesco Corp.(a)

     200         4,733   

Nachi-Fujikoshi Corp.

     1,000         3,012   

Noritake Co., Ltd.

     2,000         4,542   

NSK Ltd.

     1,000         7,330   

NTN Corp.

     2,000         5,303   

OSG Corp.

     100         1,653   

Shinmaywa Industries Ltd.

     1,000         6,151   

Sodick Co., Ltd.

     200         1,528   

Sumitomo Heavy Industries Ltd.

     2,000         8,656   

Tadano Ltd.

     400         3,299   

THK Co., Ltd.

     200         3,379   
     

 

 

 
Total Machinery               252,125   
Marine – 0.3%      

Kawasaki Kisen Kaisha Ltd.

     2,000         4,679   

Mitsui OSK Lines Ltd.

     1,000         2,106   

Nippon Yusen K.K.

     3,000         5,234   
     

 

 

 
Total Marine               12,019   
Media – 0.6%      

CyberAgent, Inc.(a)

     100         6,014   

Daiichikosho Co., Ltd.

     100         4,186   

Dentsu, Inc.

     200         9,299   

Hakuhodo DY Holdings, Inc.

     400         4,765   

Toho Co., Ltd.

     100         2,753   
     

 

 

 
Total Media               27,017   
Metals & Mining – 1.5%      

Daido Steel Co., Ltd.

     1,000       $ 3,402   

Dowa Holdings Co., Ltd.

     1,000         5,098   

Hitachi Metals Ltd.

     600         6,018   

JFE Holdings, Inc.

     500         6,409   

Mitsubishi Materials Corp.

     2,000         4,737   

Mitsui Mining & Smelting Co., Ltd.

     1,000         1,647   

Nippon Light Metal Holdings Co., Ltd.

     1,600         3,525   

Nippon Steel & Sumitomo Metal Corp.

     1,100         20,994   

Nisshin Steel Co., Ltd.

     200         2,535   

Sumitomo Metal Mining Co., Ltd.

     1,000         10,025   

Yamato Kogyo Co., Ltd.

     200         4,511   
     

 

 

 
Total Metals & Mining               68,901   
Multiline Retail – 0.5%      

Isetan Mitsukoshi Holdings Ltd.

     500         4,416   

Izumi Co., Ltd.

     100         3,875   

J. Front Retailing Co., Ltd.

     600         6,170   

Marui Group Co., Ltd.

     200         2,675   

Takashimaya Co., Ltd.

     1,000         7,125   
     

 

 

 
Total Multiline Retail               24,261   
Oil, Gas & Consumable Fuels – 0.9%      

Idemitsu Kosan Co., Ltd.

     200         4,312   

JX Holdings, Inc.

     4,100         15,934   

Showa Shell Sekiyu K.K.

     1,000         9,280   

TonenGeneral Sekiyu K.K.

     1,000         9,065   
     

 

 

 
Total Oil, Gas & Consumable Fuels               38,591   
Paper & Forest Products – 0.2%      

Nippon Paper Industries Co., Ltd.

     200         3,484   

Oji Holdings Corp.

     2,000         7,642   
     

 

 

 
Total Paper & Forest Products               11,126   
Personal Products – 0.8%      

Kao Corp.

     400         23,117   

Pola Orbis Holdings, Inc.

     100         9,309   

Shiseido Co., Ltd.

     200         5,141   
     

 

 

 
Total Personal Products               37,567   
Pharmaceuticals – 5.7%      

Astellas Pharma, Inc.

     2,500         38,990   

Chugai Pharmaceutical Co., Ltd.

     500         17,716   

Daiichi Sankyo Co., Ltd.

     1,100         26,522   

Eisai Co., Ltd.

     300         16,633   

Hisamitsu Pharmaceutical Co., Inc.

     100         5,732   

Kaken Pharmaceutical Co., Ltd.

     100         6,521   

KYORIN Holdings, Inc.

     100         1,949   

Kyowa Hakko Kirin Co., Ltd.

     300         5,076   

Mitsubishi Tanabe Pharma Corp.

     600         10,779   

Ono Pharmaceutical Co., Ltd.

     300         12,960   

Otsuka Holdings Co., Ltd.

     600         27,599   

Santen Pharmaceutical Co., Ltd.

     200         3,119   

Shionogi & Co., Ltd.

     200         10,855   

Sumitomo Dainippon Pharma Co., Ltd.

     400         6,890   

Takeda Pharmaceutical Co., Ltd.

     1,400         60,372   

Tsumura & Co.

     100         2,701   
     

 

 

 
Total Pharmaceuticals               254,414   

 

See Notes to Financial Statements.

 

54   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
Professional Services – 0.5%      

Recruit Holdings Co., Ltd.

     500       $ 18,203   

TechnoPro Holdings, Inc.

     100         3,095   
     

 

 

 
Total Professional Services               21,298   
Real Estate Management & Development – 2.2%      

Aeon Mall Co., Ltd.

     200         2,601   

Airport Facilities Co., Ltd.

     1,000         4,864   

Daito Trust Construction Co., Ltd.

     100         16,220   

Daiwa House Industry Co., Ltd.

     800         23,254   

Hulic Co., Ltd.

     600         6,270   

Mitsui Fudosan Co., Ltd.

     1,000         22,726   

Nomura Real Estate Holdings, Inc.

     300         5,202   

NTT Urban Development Corp.

     400         4,258   

Open House Co., Ltd.

     100         2,702   

Sumitomo Real Estate Sales Co., Ltd.

     100         1,951   

Sun Frontier Fudousan Co., Ltd.

     200         2,026   

Tokyo Tatemono Co., Ltd.

     200         2,382   

Tokyu Fudosan Holdings Corp.

     600         3,708   
     

 

 

 
Total Real Estate Management & Development               98,164   
Road & Rail – 2.1%      

Central Japan Railway Co.

     100         17,667   

East Japan Railway Co.

     200         18,390   

Hankyu Hanshin Holdings, Inc.

     1,000         7,428   

Kintetsu Group Holdings Co., Ltd.

     1,000         4,269   

Nagoya Railroad Co., Ltd.

     1,000         5,624   

Nikkon Holdings Co., Ltd.

     100         1,784   

Nippon Express Co., Ltd.

     1,000         4,542   

Seino Holdings Co., Ltd.

     400         3,646   

Senko Co., Ltd.

     600         3,597   

Tobu Railway Co., Ltd.

     1,000         5,468   

Tokyu Corp.

     1,000         8,744   

West Japan Railway Co.

     200         12,607   
     

 

 

 
Total Road & Rail               93,766   
Semiconductors & Semiconductor Equipment – 0.9%      

Advantest Corp.

     400         4,425   

Disco Corp.

     100         8,958   

Mimasu Semiconductor Industry Co., Ltd.

     300         2,802   

Sumco Corp.

     500         3,153   

Tokyo Electron Ltd.

     200         16,717   

Tokyo Seimitsu Co., Ltd.

     200         4,615   
     

 

 

 
Total Semiconductors & Semiconductor Equipment         40,670   
Software – 0.9%      

Capcom Co., Ltd.

     100         2,297   

GungHo Online Entertainment, Inc.

     1,300         3,497   

Konami Holdings Corp.

     200         7,593   

Nexon Co., Ltd.

     100         1,469   

NSD Co., Ltd.

     200         3,174   

Oracle Corp.

     200         10,625   

Square Enix Holdings Co., Ltd.

     200         6,453   

Trend Micro, Inc.

     100         3,553   
     

 

 

 
Total Software               38,661   
Specialty Retail – 1.8%      

ABC-Mart, Inc.

     100       $ 6,677   

Aoyama Trading Co., Ltd.

     100         3,665   

DCM Holdings Co., Ltd.

     500         4,265   

Fast Retailing Co., Ltd.

     100         26,611   

Hikari Tsushin, Inc.

     100         8,354   

K’s Holdings Corp.

     200         3,718   

Kohnan Shoji Co., Ltd.

     200         3,688   

Pal Co., Ltd.

     100         2,344   

Sanrio Co., Ltd.

     200         3,548   

Shimachu Co., Ltd.

     100         2,170   

T-Gaia Corp.

     200         2,799   

USS Co., Ltd.

     400         6,562   

Yamada Denki Co., Ltd.

     1,200         6,316   
     

 

 

 
Total Specialty Retail               80,717   
Technology Hardware, Storage & Peripherals – 3.3%      

Brother Industries Ltd.

     500         5,303   

Canon, Inc.

     3,200         90,847   

FUJIFILM Holdings Corp.

     300         11,533   

Konica Minolta, Inc.

     1,100         7,934   

NEC Corp.

     3,000         6,931   

Ricoh Co., Ltd.

     1,400         12,064   

Seiko Epson Corp.

     800         12,734   
     

 

 

 
Total Technology Hardware, Storage & Peripherals               147,346   
Textiles, Apparel & Luxury Goods – 0.1%      

Asics Corp.

     100         1,672   

Seiko Holdings Corp.

     1,000         2,983   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               4,655   
Tobacco – 2.4%      

Japan Tobacco, Inc.

     2,700         107,984   
Trading Companies & Distributors – 4.9%      

Inaba Denki Sangyo Co., Ltd.

     200         6,794   

ITOCHU Corp.

     3,200         38,663   

Japan Pulp & Paper Co., Ltd.

     2,000         6,414   

Marubeni Corp.

     2,900         12,989   

MISUMI Group, Inc.

     200         3,573   

Mitsubishi Corp.

     2,300         40,086   

Mitsui & Co., Ltd.

     4,600         54,412   

Shinsho Corp.

     4,000         6,472   

Sojitz Corp.

     2,200         5,168   

Sumitomo Corp.

     2,800         27,962   

Toyota Tsusho Corp.

     500         10,654   

Yamazen Corp.

     500         3,962   

Yuasa Trading Co., Ltd.

     100         2,046   
     

 

 

 
Total Trading Companies & Distributors               219,195   
Transportation Infrastructure – 0.1%      

Japan Airport Terminal Co., Ltd.

     100         3,587   
Wireless Telecommunication Services – 5.6%      

KDDI Corp.

     3,000         91,032   

NTT DOCOMO, Inc.

     5,100         137,530   

SoftBank Group Corp.

     400         22,571   
     

 

 

 
Total Wireless Telecommunication Services               251,133   

TOTAL COMMON STOCKS

(Cost: $4,363,912)

              4,450,710   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      55   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%   
United States – 0.6%      

State Street Navigator Securities Lending Prime Portfolio, 0.52%(b)

(Cost: $26,201)(c)

     26,201       $ 26,201   

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $4,390,113)

        4,476,911   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.6)%

        (27,767
     

 

 

 
NET ASSETS – 100.0%             $ 4,449,144   
(a) 

Security, or portion thereof, was on loan at June 30, 2016 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2016.

 

(c) 

At June 30, 2016, the total market value of the Fund’s securities on loan was $25,056 and the total market value of the collateral held by the Fund was $26,201.

 

FINANCIAL DERIVATIVE INSTRUMENTS

 
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2016

    JPY        41,896,272        USD        378,202      $ (30,184

7/5/2016

    JPY        54,990,534        USD        496,386        (39,636

7/5/2016

    JPY        54,987,655        USD        496,386        (39,608

7/5/2016

    JPY        54,991,775        USD        496,386        (39,648

7/5/2016

    JPY        54,988,598        USD        496,386        (39,618

7/5/2016

    USD        19,487        JPY        2,032,884        329   

7/5/2016

    USD        492,294        JPY        50,503,456        (10

7/5/2016

    USD        492,294        JPY        50,501,881        (25

7/5/2016

    USD        492,294        JPY        50,501,930        (25

7/5/2016

    USD        492,294        JPY        50,501,930        (24

7/5/2016

    USD        375,083        JPY        38,480,890        11   

8/3/2016

    JPY        47,967,372        USD        467,973        (11

8/3/2016

    JPY        47,965,407        USD        467,973        8   

8/3/2016

    JPY        47,968,121        USD        467,973        (18

8/3/2016

    JPY        47,967,185        USD        467,973        (9

8/3/2016

    JPY        36,548,616        USD        356,551        (28
                                    $ (188,496

 

CURRENCY LEGEND

JPY – Japanese yen

USD – U.S. dollar

 

See Notes to Financial Statements.

 

56   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
COMMON STOCKS – 99.1%      
Brazil – 9.5%      

AES Tiete Energia S.A.

     301       $ 1,390   

Alupar Investimento S.A.

     427         1,866   

Ambev S.A.

     10,024         59,604   

Banco Bradesco S.A.

     1,102         9,291   

Banco do Brasil S.A.

     3,208         17,203   

Banco Santander Brasil S.A.

     2,807         15,929   

BB Seguridade Participacoes S.A.

     1,303         11,433   

BM&FBovespa S.A.

     802         4,506   

BR Malls Participacoes S.A.*

     391         1,568   

BRF S.A.

     200         2,817   

BTG Pactual Group

     300         1,727   

CCR S.A.

     1,704         8,936   

CETIP S.A. – Mercados Organizados

     200         2,734   

Cia de Saneamento Basico do Estado de Sao Paulo

     301         2,732   

Cia Hering

     301         1,394   

Cia Paranaense de Energia

     301         1,883   

Cia Siderurgica Nacional S.A.*

     1,704         4,159   

Cielo S.A.

     601         6,352   

Cosan S.A. Industria e Comercio

     200         2,079   

EcoRodovias Infraestrutura e Logistica S.A.*

     1,103         2,885   

Embraer S.A.

     200         1,092   

Equatorial Energia S.A.

     100         1,519   

Ez Tec Empreendimentos e Participacoes S.A.

     316         1,578   

Grendene S.A.

     301         1,546   

Itau Unibanco Holding S.A.

     401         3,257   

JBS S.A.

     601         1,876   

Klabin S.A.

     301         1,449   

Kroton Educacional S.A.

     401         1,702   

Light S.A.

     501         1,762   

Localiza Rent a Car S.A.

     100         1,077   

Lojas Renner S.A.

     200         1,479   

Mahle-Metal Leve S.A.

     200         1,433   

MRV Engenharia e Participacoes S.A.

     501         1,690   

Multiplan Empreendimentos Imobiliarios S.A.

     100         1,881   

Multiplus S.A.

     200         2,257   

Natura Cosmeticos S.A.

     501         3,988   

Odontoprev S.A.

     501         2,081   

Porto Seguro S.A.

     200         1,670   

Raia Drogasil S.A.

     100         1,971   

Smiles S.A.

     200         2,996   

Sul America S.A.

     100         488   

TIM Participacoes S.A.

     802         1,712   

TOTVS S.A.

     200         1,906   

Tractebel Energia S.A.

     501         5,991   

Transmissora Alianca de Energia Eletrica S.A.

     601         3,602   

Ultrapar Participacoes S.A.

     200         4,439   

Vale S.A.

     4,110         20,872   

Via Varejo S.A.

     802         1,865   

WEG S.A.

     601         2,577   
     

 

 

 
Total Brazil               242,244   
Chile – 2.0%      

AES Gener S.A.

     4,501       $ 2,201   

Aguas Andinas S.A. Class A

     5,644         3,236   

Banco de Chile

     41,142         4,408   

Banco de Credito e Inversiones

     46         1,987   

Banco Santander Chile

     96,903         4,672   

CAP S.A.

     424         1,446   

Cencosud S.A.

     727         2,074   

Cia Cervecerias Unidas S.A.

     136         1,591   

Colbun S.A.

     4,686         1,135   

Empresa Nacional de Electricidad S.A.

     3,122         2,884   

Empresa Nacional de Telecomunicaciones S.A.*

     141         1,277   

Empresas CMPC S.A.

     531         1,105   

Empresas COPEC S.A.

     496         4,362   

Enersis Americas S.A.

     25,482         4,363   

Inversiones Aguas Metropolitanas S.A.

     1,068         1,701   

Inversiones La Construccion S.A.

     109         1,195   

Itau CorpBanca

     251,398         2,133   

Ripley Corp. S.A.

     3,642         1,810   

S.A.C.I. Falabella

     597         4,552   

Sociedad Matriz del Banco de Chile S.A. Class B

     4,494         1,295   

SONDA S.A.

     684         1,255   
     

 

 

 
Total Chile               50,682   
China – 21.7%      

AAC Technologies Holdings, Inc.

     500         4,244   

Agricultural Bank of China Ltd. Class H

     20,000         7,296   

Anhui Conch Cement Co., Ltd. Class H

     500         1,200   

ANTA Sports Products Ltd.

     1,000         1,998   

BAIC Motor Corp., Ltd. Class H(a)

     1,500         1,054   

Bank of China Ltd. Class H

     50,000         19,915   

Bank of Communications Co., Ltd. Class H

     19,000         11,976   

Beijing Enterprises Holdings Ltd.

     500         2,823   

Beijing Enterprises Water Group Ltd.

     2,000         1,201   

Belle International Holdings Ltd.

     11,000         6,437   

Brilliance China Automotive Holdings Ltd.

     2,000         2,052   

Central China Securities Co., Ltd. Class H

     1,000         429   

China Communications Construction Co., Ltd. Class H

     1,000         1,070   

China Conch Venture Holdings Ltd.

     1,000         1,980   

China Construction Bank Corp. Class H

     146,000         96,355   

China Everbright Bank Co., Ltd. Class H*

     4,000         1,825   

China Everbright International Ltd.

     1,000         1,109   

China Galaxy Securities Co., Ltd. Class H

     1,500         1,340   

China Gas Holdings Ltd.

     2,000         3,047   

China Hongqiao Group Ltd.

     5,500         3,687   

China International Marine Containers Group Co., Ltd. Class H

     800         984   

China Jinmao Holdings Group Ltd.

     8,000         2,248   

China Lesso Group Holdings Ltd.

     1,000         529   

China Life Insurance Co., Ltd. Class H

     2,000         4,285   

China Lilang Ltd.

     2,000         1,271   

China Medical System Holdings Ltd.

     1,000         1,521   

China Mengniu Dairy Co., Ltd.

     1,000         1,738   

China Merchants Bank Co., Ltd. Class H*

     1,500         3,353   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      57   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

China Minsheng Banking Corp., Ltd. Class H

     2,000       $ 1,928   

China Mobile Ltd.

     8,500         97,129   

China National Building Material Co., Ltd. Class H

     2,000         871   

China Oilfield Services Ltd. Class H

     2,000         1,534   

China Overseas Land & Investment Ltd.

     2,000         6,316   

China Pacific Insurance Group Co., Ltd. Class H

     600         2,019   

China Petroleum & Chemical Corp. Class H

     16,000         11,549   

China Pioneer Pharma Holdings Ltd.

     2,000         433   

China Power International Development Ltd.

     4,000         1,469   

China Power New Energy Development Co., Ltd.

     1,000         584   

China Resources Cement Holdings Ltd.

     6,000         1,918   

China Resources Land Ltd.

     2,000         4,666   

China Shenhua Energy Co., Ltd. Class H

     2,500         4,595   

China Shineway Pharmaceutical Group Ltd.

     2,000         2,186   

China South City Holdings Ltd.

     6,000         1,160   

China State Construction International Holdings Ltd.

     2,000         2,635   

China Telecom Corp., Ltd. Class H

     4,000         1,784   

China Travel International Investment Hong Kong Ltd.

     4,000         1,155   

China Unicom Hong Kong Ltd.

     8,000         8,270   

China Vanke Co., Ltd. Class H

     500         980   

China Yongda Automobiles Services Holdings Ltd.

     1,000         419   

China Zhongwang Holdings Ltd.

     4,800         2,128   

CIFI Holdings Group Co., Ltd.

     6,000         1,469   

CITIC Ltd.

     8,000         11,632   

CITIC Securities Co., Ltd. Class H

     500         1,096   

CITIC Telecom International Holdings Ltd.

     3,000         1,129   

CNOOC Ltd.

     36,000         44,641   

Cosmo Lady China Holdings Co., Ltd.(a)

     1,000         512   

Country Garden Holdings Co., Ltd.

     18,000         7,564   

CPMC Holdings Ltd.

     1,000         424   

CSPC Pharmaceutical Group Ltd.

     2,000         1,779   

Dalian Wanda Commercial Properties Co., Ltd. Class H(a)

     200         1,227   

Evergrande Real Estate Group Ltd.

     15,000         9,184   

Far East Horizon Ltd.

     2,000         1,552   

Golden Eagle Retail Group Ltd.

     1,000         1,114   

GOME Electrical Appliances Holding Ltd.

     9,000         1,067   

Great Wall Motor Co., Ltd. Class H

     2,000         1,655   

Guangdong Investment Ltd.

     2,000         3,037   

Guangzhou Automobile Group Co., Ltd. Class H

     2,000         2,385   

Guotai Junan International Holdings Ltd.

     4,000         1,356   

Haitian International Holdings Ltd.

     1,000         1,758   

Haitong Securities Co., Ltd. Class H*

     800         1,345   

Hengan International Group Co., Ltd.

     500         4,170   

Huadian Power International Corp., Ltd. Class H

     2,000         951   

Huaneng Power International, Inc. Class H

     4,000         2,465   

Huishang Bank Corp., Ltd. Class H

     3,000         1,353   

Industrial & Commercial Bank of China Ltd. Class H

     50,000         27,649   

Intime Retail Group Co., Ltd.

     1,500         1,241   

Kunlun Energy Co., Ltd.

     4,000         3,295   

KWG Property Holding Ltd.

     2,500         1,447   

Lee & Man Paper Manufacturing Ltd.

     3,000         2,224   

Longfor Properties Co., Ltd.

     2,000         2,594   

Nine Dragons Paper Holdings Ltd.

     2,000         1,518   

Parkson Retail Group Ltd.

     5,500       $ 482   

People’s Insurance Co. Group of China Ltd. (The) Class H

     1,000         383   

PetroChina Co., Ltd. Class H

     10,000         6,819   

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

     1,500         6,603   

Qinqin Foodstuffs Group Cayman Co., Ltd.*

     100         142   

Shanghai Industrial Holdings Ltd.

     1,000         2,258   

Shengjing Bank Co., Ltd. Class H(a)

     500         515   

Shenzhen International Holdings Ltd.

     1,500         2,166   

Shenzhen Investment Ltd.

     4,000         1,593   

Shenzhou International Group Holdings Ltd.

     1,000         4,827   

Shimao Property Holdings Ltd.

     2,500         3,145   

Shui On Land Ltd.

     6,000         1,516   

Sino-Ocean Group Holding Ltd.

     4,500         1,943   

Sinopec Engineering Group Co., Ltd. Class H

     1,500         1,353   

Sinopharm Group Co., Ltd. Class H

     400         1,905   

SITC International Holdings Co., Ltd.

     1,000         523   

Skyworth Digital Holdings Ltd.

     2,000         1,634   

Sun Art Retail Group Ltd.

     3,500         2,450   

Sunac China Holdings Ltd.

     2,000         1,237   

TCL Communication Technology Holdings Ltd.

     2,000         1,841   

Tencent Holdings Ltd.

     300         6,810   

Tingyi Cayman Islands Holding Corp.

     2,000         1,885   

Want Want China Holdings Ltd.

     4,000         2,836   

Xingda International Holdings Ltd.

     6,000         1,377   

Xinyi Automobile Glass Hong Kong Enterprises Ltd.*

     250         88   

Xinyi Glass Holdings Ltd.

     2,000         1,469   

Xinyi Solar Holdings Ltd.

     4,000         1,573   

XTEP International Holdings Ltd.

     2,500         1,337   

Yingde Gases Group Co., Ltd.

     3,500         1,272   

Yuexiu Property Co., Ltd.

     14,000         1,714   

Yuexiu Transport Infrastructure Ltd.

     2,000         1,284   

Zhejiang Expressway Co., Ltd. Class H

     2,000         1,879   

Zijin Mining Group Co., Ltd. Class H

     4,000         1,335   
     

 

 

 
Total China               555,722   
Czech Republic – 0.7%      

CEZ AS

     816         13,871   

O2 Czech Republic AS

     323         2,875   
     

 

 

 
Total Czech Republic               16,746   
Hong Kong – 0.2%      

CP Pokphand Co., Ltd.

     18,000         1,879   

EVA Precision Industrial Holdings Ltd.

     6,000         572   

Kingboard Chemical Holdings Ltd.

     1,000         1,983   

Kingboard Laminates Holdings Ltd.

     3,000         1,837   
     

 

 

 
Total Hong Kong               6,271   
Hungary – 0.2%      

MOL Hungarian Oil & Gas PLC

     65         3,762   

OTP Bank PLC

     112         2,503   
     

 

 

 
Total Hungary               6,265   
India – 2.7%      

Ambuja Cements Ltd.

     222         838   

Asian Paints Ltd.

     59         877   

 

See Notes to Financial Statements.

 

58   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Axis Bank Ltd. GDR Reg S

     45       $ 1,746   

Bajaj Auto Ltd.

     20         797   

Bharat Petroleum Corp., Ltd.

     74         1,175   

Bharti Airtel Ltd.

     175         951   

Bharti Infratel Ltd.

     165         844   

Coal India Ltd.

     1,221         5,662   

Crompton Greaves Ltd.*

     950         1,038   

GAIL India Ltd.

     139         793   

HCL Technologies Ltd.

     159         1,721   

Hindustan Petroleum Corp., Ltd.

     60         886   

Hindustan Unilever Ltd.

     204         2,716   

ICICI Bank Ltd. ADR

     400         2,872   

Idea Cellular Ltd.

     447         706   

Infosys Ltd. ADR

     673         12,013   

ITC Ltd.

     535         2,920   

Larsen & Toubro Ltd. GDR Reg S

     88         1,949   

Lupin Ltd.

     33         753   

Mahindra & Mahindra Ltd. GDR

     84         1,781   

NMDC Ltd.

     1,123         1,561   

NTPC Ltd.

     524         1,213   

Oil & Natural Gas Corp., Ltd.

     978         3,134   

Reliance Industries Ltd. GDR(a)

     162         4,625   

Reliance Infrastructure Ltd.

     89         720   

State Bank of India GDR Reg S

     100         3,170   

Tata Communications Ltd.

     127         904   

Tata Consultancy Services Ltd.

     101         3,820   

Tata Power Co., Ltd.

     732         796   

Tech Mahindra Ltd.

     109         817   

UPL Ltd.

     102         831   

Vedanta Ltd. ADR

     301         2,369   

Wipro Ltd. ADR

     100         1,236   

Yes Bank Ltd.

     59         968   

Zee Entertainment Enterprises Ltd.

     128         866   
     

 

 

 
Total India               70,068   
Indonesia – 3.6%      

Adaro Energy Tbk PT

     27,900         1,795   

AKR Corporindo Tbk PT

     2,400         1,163   

Astra Agro Lestari Tbk PT*

     1,222         1,360   

Astra International Tbk PT

     20,900         11,706   

Bank Central Asia Tbk PT

     3,700         3,731   

Bank Danamon Indonesia Tbk PT

     4,300         1,152   

Bank Negara Indonesia Persero Tbk PT

     8,100         3,188   

Bank Rakyat Indonesia Persero Tbk PT

     8,400         6,866   

Bank Tabungan Negara Persero Tbk PT

     4,000         519   

Charoen Pokphand Indonesia Tbk PT

     1,700         482   

Global Mediacom Tbk PT

     6,300         470   

Gudang Garam Tbk PT

     600         3,133   

Indo Tambangraya Megah Tbk PT

     2,600         1,845   

Indofood CBP Sukses Makmur Tbk PT

     1,700         2,216   

Indofood Sukses Makmur Tbk PT

     5,700         3,128   

Jasa Marga Persero Tbk PT

     3,100         1,238   

Kalbe Farma Tbk PT

     13,400         1,552   

Lippo Karawaci Tbk PT

     8,700         754   

Matahari Department Store Tbk PT

     1,200         1,816   

Matahari Putra Prima Tbk PT

     5,100         598   

Media Nusantara Citra Tbk PT

     13,100         2,181   

Mitra Keluarga Karyasehat Tbk PT

     2,500         520   

Pakuwon Jati Tbk PT

     12,100         563   

Perusahaan Gas Negara Persero Tbk

     19,000         3,365   

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     4,700         491   

Semen Indonesia Persero Tbk PT

     4,300         3,043   

Summarecon Agung Tbk PT*

     4,100         562   

Surya Citra Media Tbk PT

     6,200         1,549   

Tambang Batubara Bukit Asam Persero Tbk PT

     2,700         1,573   

Telekomunikasi Indonesia Persero Tbk PT

     52,900         15,935   

Timah Persero Tbk PT

     8,900         471   

Unilever Indonesia Tbk PT

     2,400         8,188   

United Tractors Tbk PT

     2,500         2,800   

Vale Indonesia Tbk PT*

     11,300         1,557   

Wijaya Karya Beton Tbk PT

     6,900         504   
     

 

 

 
Total Indonesia               92,014   
Malaysia – 5.1%      

Alliance Financial Group Bhd

     1,400         1,399   

AMMB Holdings Bhd

     2,400         2,643   

Astro Malaysia Holdings Bhd

     3,500         2,544   

Axiata Group Bhd

     5,200         7,262   

Berjaya Sports Toto Bhd

     1,700         1,282   

British American Tobacco Malaysia Bhd

     300         3,922   

Cahya Mata Sarawak Bhd

     600         533   

Carlsberg Brewery Malaysia Bhd

     400         1,312   

CIMB Group Holdings Bhd

     1,700         1,843   

DiGi.Com Bhd

     5,600         6,640   

Felda Global Ventures Holdings Bhd

     4,400         1,648   

Gamuda Bhd

     1,500         1,808   

Genting Malaysia Bhd

     1,600         1,766   

HAP Seng Consolidated Bhd

     1,600         3,064   

Hong Leong Bank Bhd

     700         2,288   

Hong Leong Financial Group Bhd

     400         1,457   

IHH Healthcare Bhd

     1,000         1,637   

IJM Corp. Bhd

     1,900         1,645   

IOI Corp. Bhd

     2,200         2,368   

IOI Properties Group Bhd

     2,100         1,224   

KSL Holdings Bhd

     1,800         500   

Kuala Lumpur Kepong Bhd

     400         2,308   

Lafarge Malaysia Bhd

     600         1,165   

Mah Sing Group Bhd

     3,400         1,240   

Malayan Banking Bhd

     6,700         13,528   

Malaysia Airports Holdings Bhd

     700         1,063   

Maxis Bhd

     6,100         8,912   

MISC Bhd

     1,100         2,035   

Petronas Chemicals Group Bhd

     3,700         6,067   

Petronas Dagangan Bhd

     300         1,741   

Petronas Gas Bhd

     900         4,911   

PPB Group Bhd

     300         1,228   

Press Metal Bhd

     1,800         1,643   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      59   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Public Bank Bhd

     1,200       $ 5,775   

Sime Darby Bhd

     4,000         7,531   

SP Setia Bhd Group

     1,500         1,079   

Telekom Malaysia Bhd

     2,100         3,527   

Tenaga Nasional Bhd

     2,000         6,995   

Top Glove Corp. Bhd

     1,000         1,141   

UMW Holdings Bhd

     1,100         1,563   

Westports Holdings Bhd

     1,900         1,979   

YTL Corp. Bhd

     9,300         3,852   

YTL Power International Bhd

     6,400         2,238   
     

 

 

 
Total Malaysia               130,306   
Mexico – 3.6%      

Alfa S.A.B. de C.V. Class A

     1,303         2,223   

Alpek S.A. de C.V.

     1,203         1,957   

America Movil S.A.B. de C.V. Series L

     19,245         11,704   

Arca Continental S.A.B. de C.V.

     501         3,559   

Coca-Cola Femsa S.A.B. de C.V. Series L

     200         1,644   

Concentradora Fibra Danhos S.A. de C.V.

     601         1,084   

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

     702         6,437   

Gruma S.A.B. de C.V. Class B

     110         1,573   

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     301         1,768   

Grupo Aeroportuario del Pacifico S.A.B. de C.V. Class B

     301         3,064   

Grupo Aeroportuario del Sureste S.A.B. de C.V. Class B

     110         1,732   

Grupo Carso S.A.B. de C.V. Series A1

     401         1,696   

Grupo Financiero Banorte S.A.B. de C.V. Class O

     401         2,228   

Grupo Financiero Inbursa S.A.B. de C.V. Class O

     1,002         1,684   

Grupo Financiero Santander Mexico S.A.B. de C.V. Class B

     1,403         2,520   

Grupo Herdez S.A.B. de C.V.

     601         1,308   

Grupo Lala S.A.B. de C.V.

     601         1,307   

Grupo Mexico S.A.B. de C.V. Series B

     2,606         6,087   

Grupo Sanborns S.A.B. de C.V.

     1,203         1,588   

Grupo Televisa S.A.B. Series CPO

     200         1,035   

Industrias Bachoco S.A.B. de C.V. Series B

     301         1,228   

Infraestructura Energetica Nova S.A.B. de C.V.

     601         2,509   

Kimberly-Clark de Mexico S.A.B. de C.V. Class A

     902         2,109   

Macquarie Mexico Real Estate Management S.A. de C.V.*

     902         1,173   

Mexichem S.A.B. de C.V.

     501         1,050   

Wal-Mart de Mexico S.A.B. de C.V.

     11,928         28,389   
     

 

 

 
Total Mexico               92,656   
Philippines – 2.4%      

Aboitiz Equity Ventures, Inc.

     1,700         2,817   

Aboitiz Power Corp.

     4,100         4,013   

Alliance Global Group, Inc.

     3,800         1,195   

Ayala Corp.

     80         1,444   

Ayala Land, Inc.

     2,100         1,732   

Bank of the Philippine Islands

     1,080         2,233   

BDO Unibank, Inc.

     1,100         2,619   

DMCI Holdings, Inc.

     10,200         2,732   

Emperador, Inc.*

     7,700         1,187   

Energy Development Corp.

     18,500       $ 2,170   

First Gen Corp.

     2,800         1,482   

Globe Telecom, Inc.

     80         4,033   

International Container Terminal Services, Inc.

     850         1,111   

Jollibee Foods Corp.

     290         1,492   

LT Group, Inc.

     1,500         508   

Manila Electric Co.

     620         4,085   

Manila Water Co., Inc.

     2,200         1,267   

Metropolitan Bank & Trust Co.

     890         1,709   

Nickel Asia Corp.

     11,300         1,201   

Philippine Long Distance Telephone Co.

     240         10,968   

San Miguel Corp.

     1,110         1,848   

Semirara Mining & Power Corp.

     550         1,462   

SM Investments Corp.

     160         3,289   

SM Prime Holdings, Inc.

     3,700         2,147   

Universal Robina Corp.

     600         2,653   
     

 

 

 
Total Philippines               61,397   
Poland – 1.4%      

Asseco Poland S.A.

     95         1,252   

Bank Handlowy w Warszawie S.A.

     166         3,005   

Bank Pekao S.A.

     227         7,853   

CCC S.A.

     12         484   

Energa S.A.*

     820         1,967   

Eurocash S.A.

     51         594   

ING Bank Slaski S.A.

     68         2,119   

KGHM Polska Miedz S.A.*

     174         2,899   

Orange Polska S.A.

     1,644         2,104   

PGE Polska Grupa Energetyczna S.A.

     1,837         5,481   

PKP Cargo S.A.*

     69         575   

Polski Koncern Naftowy Orlen S.A.*

     184         3,207   

Polskie Gornictwo Naftowe i Gazownictwo S.A.

     3,024         4,275   

Warsaw Stock Exchange

     89         741   
     

 

 

 
Total Poland               36,556   
Russia – 8.2%      

Gazprom Neft PJSC ADR

     163         2,070   

Gazprom PJSC ADR

     9,588         41,324   

LSR Group PJSC GDR Reg S

     821         2,303   

Lukoil PJSC ADR

     875         36,549   

Magnitogorsk Iron & Steel OJSC GDR Reg S

     430         2,077   

MegaFon PJSC GDR Reg S

     220         2,288   

MMC Norilsk Nickel PJSC ADR

     2,639         35,072   

Mobile TeleSystems PJSC ADR

     1,817         15,045   

Novatek OJSC GDR Reg S

     92         9,384   

Novolipetsk Steel PJSC GDR

     574         7,462   

PhosAgro OJSC GDR Reg S

     217         3,201   

Rosneft PJSC GDR Reg S

     5,176         26,501   

Rostelecom PJSC ADR

     280         2,408   

RusHydro PJSC ADR

     2,344         2,133   

Sberbank of Russia PJSC ADR

     324         2,822   

Severstal PJSC GDR Reg S

     874         9,562   

Sistema JSFC GDR Reg S

     201         1,513   

Tatneft PJSC ADR

     202         6,207   

VTB Bank PJSC GDR Reg S

     1,438         2,954   
     

 

 

 
Total Russia               210,875   

 

See Notes to Financial Statements.

 

60   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
South Africa – 5.4%      

Aeci Ltd.

     209       $ 1,184   

African Rainbow Minerals Ltd.

     202         1,269   

Assore Ltd.

     150         1,844   

AVI Ltd.

     278         1,575   

Barclays Africa Group Ltd.

     519         5,106   

Barloworld Ltd.

     253         1,264   

Bidvest Group Ltd. (The)

     148         1,402   

Capitec Bank Holdings Ltd.

     32         1,300   

Clicks Group Ltd.

     188         1,575   

Coronation Fund Managers Ltd.

     340         1,553   

Discovery Ltd.

     161         1,347   

Distell Group Ltd.

     116         1,282   

Exxaro Resources Ltd.

     270         1,244   

FirstRand Ltd.

     2,812         8,610   

Foschini Group Ltd. (The)

     169         1,604   

Hyprop Investments Ltd.

     156         1,384   

Imperial Holdings Ltd.

     156         1,592   

Investec Ltd.

     171         1,053   

Liberty Holdings Ltd.

     171         1,413   

Life Healthcare Group Holdings Ltd.

     848         2,096   

Massmart Holdings Ltd.

     146         1,256   

MMI Holdings Ltd.

     1,154         1,784   

Mondi Ltd.

     65         1,190   

Mr. Price Group Ltd.

     135         1,901   

MTN Group Ltd.

     2,014         19,654   

Naspers Ltd. Class N

     19         2,906   

Nedbank Group Ltd.

     273         3,475   

Netcare Ltd.

     738         1,571   

Pick n Pay Stores Ltd.

     264         1,291   

PPC Ltd.

     879         480   

Rand Merchant Investment Holdings Ltd.

     531         1,494   

Remgro Ltd.

     74         1,287   

Resilient REIT Ltd.

     162         1,458   

Reunert Ltd.

     266         1,137   

RMB Holdings Ltd.

     646         2,481   

Sanlam Ltd.

     845         3,483   

Santam Ltd.

     81         1,269   

Sasol Ltd.

     452         12,258   

Shoprite Holdings Ltd.

     225         2,555   

Sibanye Gold Ltd.

     559         1,913   

SPAR Group Ltd. (The)

     128         1,765   

Standard Bank Group Ltd.

     760         6,632   

Telkom S.A. SOC Ltd.

     348         1,575   

Tiger Brands Ltd.

     101         2,500   

Truworths International Ltd.

     330         1,933   

Tsogo Sun Holdings Ltd.

     795         1,443   

Vodacom Group Ltd.

     1,347         15,443   

Woolworths Holdings Ltd.

     458         2,628   
     

 

 

 
Total South Africa               138,459   
South Korea – 7.6%      

Amorepacific Corp.

     4         1,498   

BNK Financial Group, Inc.

     68         476   

Coway Co., Ltd.

     34       $ 3,085   

DGB Financial Group, Inc.

     188         1,415   

Dongbu Insurance Co., Ltd.

     28         1,685   

Dongsuh Cos., Inc.

     36         1,042   

Doosan Heavy Industries & Construction Co., Ltd.

     81         1,491   

E-Mart, Inc.

     8         1,202   

Grand Korea Leisure Co., Ltd.

     22         507   

GS Holdings Corp.

     48         1,977   

GS Retail Co., Ltd.

     11         520   

Hana Financial Group, Inc.

     106         2,140   

Hankook Tire Co., Ltd.

     36         1,594   

Hanon Systems

     264         2,407   

Hansae Co., Ltd.

     15         491   

Hanssem Co., Ltd.

     3         414   

Hanwha Chemical Corp.

     23         474   

Hanwha Life Insurance Co., Ltd.

     293         1,473   

Hite Jinro Co., Ltd.

     75         1,553   

Hyosung Corp.

     13         1,405   

Hyundai Engineering & Construction Co., Ltd.

     37         1,071   

Hyundai Glovis Co., Ltd.

     6         893   

Hyundai Marine & Fire Insurance Co., Ltd.

     50         1,270   

Hyundai Mobis Co., Ltd.

     22         4,813   

Hyundai Motor Co.

     89         10,470   

Hyundai Steel Co.

     45         1,791   

Industrial Bank of Korea

     243         2,352   

Kangwon Land, Inc.

     91         3,294   

KB Financial Group, Inc.

     114         3,226   

KB Insurance Co., Ltd.

     20         486   

KEPCO Plant Service & Engineering Co., Ltd.

     23         1,294   

Kia Motors Corp.

     134         5,026   

Korea Electric Power Corp.

     107         5,611   

Korea Zinc Co., Ltd.

     5         2,205   

Korean Reinsurance Co.

     46         487   

KT&G Corp.

     74         8,769   

Kumho Petrochemical Co., Ltd.

     30         1,550   

LG Corp.

     55         3,042   

LG Display Co., Ltd.

     144         3,300   

LG Electronics, Inc.

     30         1,404   

LG Household & Health Care Ltd.

     2         1,939   

LG Uplus Corp.

     149         1,410   

Lotte Chemical Corp.

     4         983   

Lotte Shopping Co., Ltd.

     6         1,055   

LS Corp.

     35         1,705   

LS Industrial Systems Co., Ltd.

     33         1,362   

Meritz Securities Co., Ltd.

     183         512   

Mirae Asset Daewoo Co., Ltd.

     179         1,211   

NCSoft Corp.

     8         1,639   

POSCO

     68         11,896   

Posco Daewoo Corp.

     50         1,085   

S-1 Corp.

     18         1,688   

Samsung Electro-Mechanics Co., Ltd.

     26         1,131   

Samsung Electronics Co., Ltd.

     40         49,486   

Samsung Fire & Marine Insurance Co., Ltd.

     10         2,288   

Samsung SDS Co., Ltd.

     4         498   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      61   


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Samsung Securities Co., Ltd.

     41       $ 1,256   

Seah Besteel Corp.

     23         496   

Shinhan Financial Group Co., Ltd.

     134         4,421   

SK Holdings Co., Ltd.

     9         1,582   

SK Hynix, Inc.

     105         2,954   

SK Telecom Co., Ltd.

     49         9,167   

Tongyang Life Insurance Co., Ltd.

     55         485   

Woori Bank

     668         5,521   
     

 

 

 
Total South Korea               194,973   
Taiwan – 17.3%      

Accton Technology Corp.

     1,000         1,339   

Advanced Semiconductor Engineering, Inc.

     8,000         9,089   

Asia Cement Corp.

     4,000         3,459   

Asustek Computer, Inc.

     1,000         8,230   

Aten International Co., Ltd.

     1,000         2,697   

AU Optronics Corp.

     9,000         3,055   

Cathay Financial Holding Co., Ltd.

     7,000         7,595   

Cheng Shin Rubber Industry Co., Ltd.

     3,000         6,287   

Chicony Electronics Co., Ltd.

     1,000         2,247   

Chicony Power Technology Co., Ltd.

     1,000         1,113   

Chimei Materials Technology Corp.*

     2,000         911   

Chin-Poon Industrial Co., Ltd.

     1,000         2,148   

China Development Financial Holding Corp.

     13,000         3,131   

China Steel Corp.

     12,000         7,775   

China Synthetic Rubber Corp.

     2,000         1,438   

Chung-Hsin Electric & Machinery Manufacturing Corp.

     3,000         1,744   

Chunghwa Telecom Co., Ltd.

     6,000         21,668   

Clevo Co.

     1,000         842   

Compal Electronics, Inc.

     4,000         2,511   

Coxon Precise Industrial Co., Ltd.

     1,000         1,262   

CTBC Financial Holding Co., Ltd.

     9,000         4,701   

CTCI Corp.

     1,000         1,457   

Cyberlink Corp.

     1,000         2,130   

Delta Electronics, Inc.*

     2,000         9,672   

E.Sun Financial Holding Co., Ltd.

     3,000         1,767   

Elan Microelectronics Corp.

     1,000         1,108   

Elite Semiconductor Memory Technology, Inc.*

     2,000         1,820   

Elitegroup Computer Systems Co., Ltd.

     2,000         1,187   

Eternal Materials Co., Ltd.

     2,000         2,065   

Everlight Electronics Co., Ltd.

     1,000         1,621   

Far Eastern Department Stores Ltd.

     3,000         1,613   

Far Eastern New Century Corp.

     4,000         2,976   

Far EasTone Telecommunications Co., Ltd.

     2,000         4,830   

Farglory Land Development Co., Ltd.

     1,000         1,153   

Feng Hsin Steel Co., Ltd.

     1,000         1,259   

First Financial Holding Co., Ltd.

     5,000         2,619   

Formosa Chemicals & Fibre Corp.

     2,000         5,022   

Formosa Petrochemical Corp.

     2,000         5,425   

Formosa Plastics Corp.

     2,000         4,823   

Formosan Rubber Group, Inc.

     3,000         1,404   

Foxconn Technology Co., Ltd.

     1,000         2,337   

Fubon Financial Holding Co., Ltd.

     7,000         8,170   

Gigabyte Technology Co., Ltd.

     1,000         1,186   

Greatek Electronics, Inc.

     1,000       $ 1,172   

Highwealth Construction Corp.

     1,000         1,643   

Hon Hai Precision Industry Co., Ltd.

     11,000         28,132   

Hua Nan Financial Holdings Co., Ltd.

     5,000         2,588   

Innolux Corp.

     11,000         3,683   

Inventec Corp.

     6,000         4,250   

Kenda Rubber Industrial Co., Ltd.

     1,000         1,584   

King Yuan Electronics Co., Ltd.

     2,000         1,770   

King’s Town Bank Co., Ltd.

     2,000         1,324   

Kinik Co.*

     1,000         1,662   

Kinsus Interconnect Technology Corp.

     1,000         2,182   

Lite-On Technology Corp.

     3,000         4,101   

Long Chen Paper Co., Ltd.

     3,000         1,483   

MediaTek, Inc.

     2,000         15,128   

Mega Financial Holding Co., Ltd.

     9,000         6,779   

Merry Electronics Co., Ltd.

     1,000         2,157   

Micro-Star International Co., Ltd.

     2,000         3,664   

Nan Ya Plastics Corp.

     5,000         9,455   

Nanya Technology Corp.

     2,000         2,443   

Novatek Microelectronics Corp.

     1,000         3,704   

Pegatron Corp.

     2,000         4,203   

Pou Chen Corp.

     2,000         2,669   

Powertech Technology, Inc.

     1,000         2,216   

President Chain Store Corp.

     1,000         7,781   

Prince Housing & Development Corp.

     3,000         1,111   

Qisda Corp.

     4,000         1,414   

Quanta Computer, Inc.

     4,000         7,564   

Radiant Opto-Electronics Corp.

     1,000         1,556   

Realtek Semiconductor Corp.

     1,000         3,097   

Rechi Precision Co., Ltd.

     2,000         1,624   

Ruentex Industries Ltd.

     2,000         3,001   

Sercomm Corp.*

     1,000         2,232   

Siliconware Precision Industries Co., Ltd.

     4,000         6,070   

SinoPac Financial Holdings Co., Ltd.

     7,000         2,064   

Syncmold Enterprise Corp.

     1,000         1,640   

Synnex Technology International Corp.

     3,000         3,232   

Taiwan Cement Corp.

     4,000         3,974   

Taiwan Cogeneration Corp.

     2,000         1,541   

Taiwan Cooperative Financial Holding Co., Ltd.

     4,000         1,761   

Taiwan Fertilizer Co., Ltd.

     1,000         1,328   

Taiwan Mobile Co., Ltd.

     3,000         10,462   

Taiwan PCB Techvest Co., Ltd.

     1,000         935   

Taiwan Secom Co., Ltd.

     1,000         2,883   

Taiwan Semiconductor Manufacturing Co., Ltd.

     14,000         70,523   

Teco Electric and Machinery Co., Ltd.

     2,000         1,680   

Topco Scientific Co., Ltd.

     1,000         2,061   

Transcend Information, Inc.*

     1,000         3,025   

Tripod Technology Corp.

     1,000         1,937   

TSRC Corp.

     1,000         918   

Tung Ho Steel Enterprise Corp.

     2,000         1,181   

TXC Corp.

     1,000         1,386   

Uni-President Enterprises Corp.

     2,000         3,937   

United Integrated Services Co., Ltd.

     1,000         1,489   

United Microelectronics Corp.

     10,000         3,906   

 

See Notes to Financial Statements.

 

62   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Wan Hai Lines Ltd.

     4,000       $ 2,207   

Wistron Corp.

     3,000         2,083   

Wistron NeWeb Corp.

     1,000         2,545   

WPG Holdings Ltd.

     2,000         2,322   

WT Microelectronics Co., Ltd.

     1,000         1,259   

Yuanta Financial Holding Co., Ltd.

     7,000         2,257   

Yulon Nissan Motor Co., Ltd.

     1,000         6,184   
     

 

 

 
Total Taiwan               443,048   
Thailand – 5.5%      

Advanced Info Service PCL NVDR

     2,600         11,690   

Airports of Thailand PCL NVDR

     400         4,439   

Asia Plus Group Holdings PCL NVDR

     16,200         1,531   

Bangkok Dusit Medical Services PCL NVDR

     3,600         2,449   

Bangkok Expressway & Metro PCL

     10,600         2,081   

Bangkok Land PCL NVDR

     29,600         1,373   

Bank of Ayudhya PCL NVDR

     2,300         2,487   

Banpu PCL NVDR

     4,844         2,026   

BEC World PCL NVDR

     2,100         1,363   

Big C Supercenter PCL NVDR

     200         1,224   

BTS Group Holdings PCL NVDR

     11,200         3,060   

Bumrungrad Hospital PCL NVDR

     200         1,039   

Central Pattana PCL NVDR

     1,000         1,700   

Charoen Pokphand Foods PCL NVDR

     4,800         3,927   

CP ALL PCL NVDR

     2,400         3,432   

Delta Electronics Thailand PCL NVDR

     700         1,360   

Electricity Generating PCL NVDR

     400         2,134   

Glow Energy PCL NVDR

     1,000         2,440   

Hana Microelectronics PCL NVDR

     1,200         1,007   

Home Product Center PCL NVDR

     6,600         1,859   

Ichitan Group PCL NVDR

     3,300         1,136   

Indorama Ventures PCL NVDR

     2,000         1,651   

Intouch Holdings PCL NVDR

     3,200         4,940   

IRPC PCL NVDR

     8,700         1,178   

Kasikornbank PCL NVDR

     700         3,386   

Kiatnakin Bank PCL NVDR

     1,200         1,486   

Krung Thai Bank PCL NVDR

     9,100         4,221   

Land & Houses PCL NVDR

     11,300         2,910   

Minor International PCL NVDR

     1,200         1,375   

MK Restaurants Group PCL NVDR

     800         1,116   

Pruksa Real Estate PCL NVDR

     1,700         1,222   

PTT Exploration & Production PCL NVDR

     2,600         6,197   

PTT Global Chemical PCL NVDR

     3,100         5,227   

PTT PCL NVDR

     1,900         16,924   

Ratchaburi Electricity Generating Holding PCL NVDR

     1,200         1,742   

Robinson Department Store PCL NVDR

     900         1,735   

Siam Cement PCL (The) NVDR

     600         8,128   

Siam City Cement PCL NVDR

     200         1,685   

Siam Commercial Bank PCL (The) NVDR

     1,700         6,725   

Supalai PCL NVDR

     2,400         1,632   

Thai Oil PCL NVDR

     1,000         1,707   

Thai Union Group PCL NVDR

     3,200         2,003   

Thanachart Capital PCL NVDR

     1,300         1,295   

Tisco Financial Group PCL NVDR

     1,000         1,409   

TMB Bank PCL NVDR

     21,900       $ 1,346   

Total Access Communication PCL NVDR

     3,900         3,579   

TTW PCL NVDR

     4,400         1,402   
     

 

 

 
Total Thailand               139,978   
Turkey – 2.0%      

Akbank TAS

     1,064         3,045   

Anadolu Efes Biracilik ve Malt Sanayii AS

     212         1,434   

Arcelik AS

     441         2,903   

BIM Birlesik Magazalar AS

     78         1,520   

Celebi Hava Servisi AS

     64         517   

Cimsa Cimento Sanayi ve Ticaret AS

     268         1,412   

Dogus Otomotiv Servis ve Ticaret AS

     322         1,187   

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     1,845         1,835   

Enka Insaat ve Sanayi AS

     1,124         1,716   

Eregli Demir ve Celik Fabrikalari TAS

     5,504         7,771   

Ford Otomotiv Sanayi AS

     190         2,022   

Haci Omer Sabanci Holding AS

     375         1,229   

KOC Holding AS

     680         3,103   

Otokar Otomotiv Ve Savunma Sanayi A.S.

     32         1,079   

Turk Telekomunikasyon AS

     4,902         10,313   

Turk Traktor ve Ziraat Makineleri AS

     63         1,840   

Turkiye Garanti Bankasi AS

     1,082         2,852   

Turkiye Halk Bankasi AS

     401         1,191   

Turkiye Is Bankasi Group C

     1,873         2,970   
     

 

 

 
Total Turkey               49,939   

TOTAL COMMON STOCKS

(Cost: $2,451,364)

              2,538,199   
RIGHTS – 0.0%      
Chile – 0.0%      

Empresa Nacional de Telecomunicaciones S.A., expiring 7/22/16*

(Cost $0)

     38         37   
WARRANTS – 0.0%      
Thailand – 0.0%      

Banpu PCL, expiring 6/5/17*

(Cost: $0)

     1,600         419   

TOTAL INVESTMENTS IN SECURITIES – 99.1%

(Cost: $2,451,364)

        2,538,655   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.9%

        23,985   
     

 

 

 
NET ASSETS – 100.0%             $ 2,562,640   
* 

Non-income producing security.

 

(a) 

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

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      63   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Dividend Fund (DVEM)

June 30, 2016

 

  

 

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

   Contracts
To Deliver
     In
Exchange For
     Unrealized
Gain (Loss)
 

7/1/2016

     MYR        3,680         USD        905       $ (7

7/1/2016

     USD        646         IDR        8,500,000         (3
                                       $ (10

 

CURRENCY LEGEND

IDR – Indonesian rupiah

MYR – Malaysian ringgit

USD – U.S. dollar

 

See Notes to Financial Statements.

 

64   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Europe Local Recovery Fund (EZR)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
COMMON STOCKS – 99.7%      
Austria – 3.4%      

Conwert Immobilien Invest SE*

     588       $ 9,456   

Erste Group Bank AG*

     632         14,260   

Oesterreichische Post AG*

     267         8,604   

OMV AG

     406         11,373   

Raiffeisen Bank International AG*

     676         8,467   

UNIQA Insurance Group AG

     2,168         12,943   

Vienna Insurance Group AG Wiener Versicherung Gruppe

     567         10,712   

Voestalpine AG

     511         17,042   

Wienerberger AG

     1,008         14,110   
     

 

 

 
Total Austria               106,967   
Belgium – 4.5%      

Ackermans & van Haaren N.V.

     130         15,916   

Ageas

     253         8,709   

bpost S.A.

     394         10,017   

Cie d’Entreprises CFE

     182         16,535   

Cofinimmo S.A.

     98         11,513   

D’ieteren S.A./N.V.

     212         9,145   

Euronav N.V.

     1,684         15,423   

KBC Group N.V.*

     437         21,323   

Tessenderlo Chemie N.V.*

     252         8,585   

Umicore S.A.

     250         12,851   

Warehouses De Pauw

     128         11,981   
     

 

 

 
Total Belgium               141,998   
Finland – 4.4%      

Metsa Board Oyj

     2,506         12,667   

Neste Oyj

     480         17,133   

Nokian Renkaat Oyj

     467         16,618   

Outokumpu Oyj*

     1,900         7,928   

Sampo Oyj Class A

     629         25,527   

Stora Enso Oyj Class R

     1,806         14,406   

Tieto Oyj

     413         11,259   

UPM-Kymmene Oyj

     1,169         21,299   

Uponor Oyj

     666         10,492   
     

 

 

 
Total Finland               137,329   
France – 28.1%      

Accor S.A.

     503         19,385   

Aeroports de Paris

     131         14,412   

Air France-KLM*

     1,255         7,976   

Alstom S.A.*

     574         13,312   

Alten S.A.

     289         17,065   

Altran Technologies S.A.*

     964         12,819   

Amundi S.A.(a)

     200         8,321   

Atos SE

     174         14,407   

AXA S.A.

     1,742         34,458   

BNP Paribas S.A.

     895         39,528   

Bouygues S.A.

     486         14,000   

Capgemini S.A.

     269         23,370   

Cie de Saint-Gobain

     639         24,389   

CNP Assurances

     873         12,914   

Credit Agricole S.A.

     2,033         17,075   

Edenred

     523       $ 10,746   

Eiffage S.A.

     255         18,190   

Elior Participations SCA(a)

     643         14,019   

Elis S.A.

     412         7,223   

Euler Hermes Group

     182         15,217   

Eurazeo S.A.

     255         15,156   

Europcar Groupe S.A.*(a)

     1,390         11,983   

Eutelsat Communications S.A.

     554         10,478   

Faurecia

     437         13,950   

Fonciere Des Regions

     133         11,822   

Groupe Eurotunnel SE Registered Shares

     1,605         17,028   

Groupe Fnac S.A.*

     190         10,265   

Havas S.A.

     1,524         11,808   

ICADE

     142         10,044   

JCDecaux S.A.

     469         15,832   

Klepierre

     284         12,573   

Lagardere SCA

     595         12,989   

Metropole Television S.A.

     834         13,898   

Natixis S.A.

     2,929         11,093   

Nexity S.A.*

     230         11,676   

Peugeot S.A.*

     1,286         15,451   

Plastic Omnium S.A.

     289         8,121   

Renault S.A.

     228         17,336   

Rexel S.A.*

     1,007         12,658   

SEB S.A.

     107         12,945   

Societe Generale S.A.

     876         27,454   

Sopra Steria Group

     132         13,648   

SPIE S.A.

     413         7,417   

Television Francaise 1

     1,339         14,220   

Thales S.A.

     221         18,416   

TOTAL S.A.

     1,580         76,145   

Unibail-Rodamco SE

     76         19,728   

Vicat S.A.

     198         11,196   

Vinci S.A.

     496         35,095   

Vivendi S.A.

     1,318         24,745   

Wendel S.A.

     174         18,001   

Worldline S.A.*(a)

     530         15,471   
     

 

 

 
Total France               877,468   
Germany – 23.4%      

Aareal Bank AG

     333         10,457   

Allianz SE Registered Shares

     353         50,119   

Aurubis AG

     200         9,072   

Axel Springer SE

     227         11,884   

BASF SE

     704         53,684   

Bechtle AG

     152         15,944   

Bertrandt AG

     125         12,220   

Bilfinger SE*

     282         8,250   

Continental AG

     153         28,777   

CTS Eventim AG & Co. KGaA

     426         12,979   

Deutsche Bank AG Registered Shares*

     1,559         21,347   

Deutsche Boerse AG

     322         26,307   

Deutsche Lufthansa AG Registered Shares

     906         10,599   

Deutsche Post AG Registered Shares

     1,038         29,031   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      65   


Table of Contents

Schedule of Investments (continued)

WisdomTree Europe Local Recovery Fund (EZR)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Deutsche Wohnen AG Bearer Shares

     466       $ 15,803   

DMG MORI AG*

     372         17,484   

ElringKlinger AG

     399         7,819   

Fielmann AG

     180         13,124   

Fraport AG Frankfurt Airport Services Worldwide

     247         13,178   

Fuchs Petrolub SE

     272         9,775   

Hamburger Hafen und Logistik AG

     519         7,752   

Hella KGaA Hueck & Co.

     243         7,765   

Hugo Boss AG

     245         13,854   

Indus Holding AG

     259         12,027   

KION Group AG

     200         9,651   

Kloeckner & Co. SE*

     1,443         15,906   

LEG Immobilien AG*

     131         12,209   

Leoni AG

     521         14,242   

MAN SE

     243         24,807   

Muenchener Rueckversicherungs – Gesellschaft AG Registered Shares

     137         22,868   

Nemetschek SE

     203         10,938   

Nordex SE*

     560         15,818   

PATRIZIA Immobilien AG*

     317         7,600   

ProSiebenSat.1 Media SE*

     445         19,387   

Rheinmetall AG

     277         16,371   

Salzgitter AG

     378         9,946   

Sixt SE

     264         13,484   

Stroeer SE & Co KGaA

     316         14,479   

Talanx AG

     281         8,313   

ThyssenKrupp AG

     882         17,647   

TUI AG

     1,245         14,066   

United Internet AG Registered Shares

     307         12,688   

Volkswagen AG

     76         10,166   

Wacker Neuson SE

     721         11,154   

Wincor Nixdorf AG*

     190         11,031   

Wirecard AG

     262         11,486   

Zalando SE*(a)

     344         9,061   
     

 

 

 
Total Germany               732,569   
Ireland – 2.4%      

Bank of Ireland*

     64,839         13,326   

Irish Continental Group PLC

     1,553         7,246   

Kingspan Group PLC

     612         13,258   

Paddy Power Betfair PLC

     113         11,863   

Ryanair Holdings PLC ADR

     175         12,170   

Smurfit Kappa Group PLC

     710         15,618   
     

 

 

 
Total Ireland               73,481   
Italy – 14.3%      

Anima Holding SpA(a)

     2,475         11,576   

Ansaldo STS SpA

     886         10,079   

Assicurazioni Generali SpA

     1,198         14,041   

Atlantia SpA

     653         16,228   

Azimut Holding SpA

     577         9,352   

Banca Generali SpA

     574         11,440   

Banca IFIS SpA

     451         9,094   

Banca Mediolanum SpA

     1,218         8,301   

Banca Monte dei Paschi di Siena SpA*

     13,574         5,718   

Banca Popolare dell’Emilia Romagna SC

     2,396       $ 8,726   

Banca Popolare di Milano SCARL

     17,757         7,266   

Banca Popolare di Sondrio SCARL

     3,883         9,948   

Banco Popolare

     2,956         7,041   

Brembo SpA

     328         18,005   

Brunello Cucinelli SpA

     456         8,187   

Buzzi Unicem SpA

     754         13,134   

Cerved Information Solutions SpA

     1,180         9,275   

Credito Emiliano SpA

     1,771         10,693   

De’ Longhi SpA

     495         11,757   

Ei Towers SpA*

     217         11,008   

Eni SpA

     2,145         34,601   

FinecoBank Banca Fineco SpA

     1,307         8,494   

Intesa Sanpaolo SpA

     13,614         25,742   

Intesa Sanpaolo SpA RSP

     5,662         10,058   

Leonardo-Finmeccanica SpA*

     1,295         13,034   

Mediaset SpA

     3,012         10,480   

Mediobanca SpA

     1,842         10,549   

OVS SpA(a)

     2,803         16,302   

Poste Italiane SpA(a)

     1,856         12,289   

Prysmian SpA

     704         15,361   

Saras SpA

     4,737         8,204   

Societa Iniziative Autostradali e Servizi SpA

     1,323         11,384   

Tod’s SpA

     233         12,484   

UniCredit SpA

     4,999         10,941   

Unione di Banche Italiane SpA

     4,423         12,157   

UnipolSai SpA

     7,216         10,798   

Yoox Net-A-Porter Group SpA*

     613         14,158   
     

 

 

 
Total Italy               447,905   
Netherlands – 7.1%      

Aalberts Industries N.V.

     568         17,069   

ABN AMRO Group CVA N.V.(a)

     991         16,399   

Altice N.V. Class A*

     1,162         17,402   

Delta Lloyd N.V.

     1,958         6,917   

Euronext N.V.(a)

     355         13,070   

GrandVision N.V.(a)

     750         19,472   

IMCD Group N.V.

     255         10,078   

ING Groep N.V. CVA

     3,303         33,682   

Intertrust N.V.*(a)

     410         9,110   

Koninklijke BAM Groep N.V.

     1,959         7,136   

NN Group N.V.

     326         8,980   

PostNL N.V.*

     3,236         13,233   

Randstad Holding N.V.

     404         16,227   

Steinhoff International Holdings N.V.

     3,346         19,174   

TKH Group N.V. CVA

     421         14,218   
     

 

 

 
Total Netherlands               222,167   
Portugal – 2.0%      

Banco BPI S.A. Registered Shares*

     6,802         8,373   

Banco Comercial Portugues S.A. Registered Shares*

     609,115         12,316   

CTT – Correios de Portugal S.A.

     1,622         12,819   

Navigator Co. S.A. (The)

     4,405         12,303   

NOS, SGPS S.A.

     2,898         17,546   
     

 

 

 
Total Portugal               63,357   

 

See Notes to Financial Statements.

 

66   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe Local Recovery Fund (EZR)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
Spain – 9.7%      

Abertis Infraestructuras S.A.

     800       $ 11,732   

Aena S.A.(a)

     108         14,188   

Amadeus IT Holding S.A. Class A

     483         21,074   

Atresmedia Corp. de Medios de Comunicaion S.A.

     1,396         13,524   

Banco de Sabadell S.A.

     7,085         9,280   

Banco Popular Espanol S.A.

     9,192         11,754   

Bankia S.A.

     11,558         8,295   

Bankinter S.A.

     2,085         13,361   

Bolsas y Mercados Espanoles SHMSF S.A.

     412         11,461   

CaixaBank S.A.

     5,737         12,537   

Cia de Distribucion Integral Logista Holdings S.A.

     514         10,790   

Cie Automotive S.A.

     629         10,492   

Ferrovial S.A.

     597         11,560   

Fomento de Construcciones y Contratas S.A.*

     1,445         12,184   

Grupo Catalana Occidente S.A.

     569         15,639   

Indra Sistemas S.A.*

     998         10,526   

Industria de Diseno Textil S.A.

     872         28,975   

Mediaset Espana Comunicacion S.A.

     1,294         14,469   

Melia Hotels International S.A.

     1,341         14,399   

NH Hotel Group S.A.*

     2,891         12,140   

Repsol S.A.

     1,181         14,970   

Sacyr S.A.

     6,231         10,100   

Zardoya Otis S.A.

     1,069         9,988   
     

 

 

 
Total Spain               303,438   
United Kingdom – 0.4%      
International Consolidated Airlines Group S.A.      2,767         13,603   

TOTAL INVESTMENTS IN SECURITIES – 99.7%

(Cost: $3,650,440)

        3,120,282   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.3%

        8,120   
     

 

 

 
NET ASSETS – 100.0%             $ 3,128,402   

 

* Non-income producing security.

 

(a) 

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

 

ADR   – American Depositary Receipt
CVA   – Certificaten Van Aandelen (Certificate of Stock)
RSP   – Risparmio Italian Savings Shares

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      67   


Table of Contents

Schedule of Investments

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

June 30, 2016

 

  

 

 

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

WisdomTree Global SmallCap Dividend Fund(a)

     
(Cost: $30,307,348)      1,341,782       $ 35,194,942   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.0%

        6,621   
     

 

 

 
NET ASSETS – 100.0%             $ 35,201,563   
(a) 

Affiliated company (See Note 3).

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  
Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2016

    AUD        378,957        USD        274,188      $ (7,983

7/5/2016

    AUD        378,952        USD        274,188        (7,980

7/5/2016

    AUD        378,964        USD        274,188        (7,989

7/5/2016

    AUD        288,734        USD        208,907        (6,084

7/5/2016

    AUD        378,939        USD        274,188        (7,970

7/5/2016

    CHF        30,898        USD        31,124        (592

7/5/2016

    CHF        30,897        USD        31,124        (591

7/5/2016

    CHF        30,897        USD        31,124        (591

7/5/2016

    CHF        23,543        USD        23,716        (450

7/5/2016

    CHF        30,896        USD        31,124        (590

7/5/2016

    DKK        2,270        JPY        34,972        2   

7/5/2016

    DKK        154,138        USD        23,090        73   

7/5/2016

    DKK        154,116        USD        23,090        77   

7/5/2016

    DKK        154,123        USD        23,090        76   

7/5/2016

    DKK        117,430        USD        17,594        59   

7/5/2016

    DKK        154,111        USD        23,090        77   

7/5/2016

    EUR        4,800        JPY        549,936        28   

7/5/2016

    EUR        343,314        USD        382,608        1,203   

7/5/2016

    EUR        343,304        USD        382,608        1,215   

7/5/2016

    EUR        343,319        USD        382,608        1,198   

7/5/2016

    EUR        261,567        USD        291,514        927   

7/5/2016

    EUR        343,293        USD        382,608        1,227   

7/5/2016

    GBP        28,395        AUD        50,700        (207

7/5/2016

    GBP        11,388        CAD        19,600        (132

7/5/2016

    GBP        2,132        CHF        2,770        (7

7/5/2016

    GBP        733        HKD        7,570        (4

7/5/2016

    GBP        43,800        JPY        6,020,923        137   

7/5/2016

    GBP        71        MXN        1,735        (1

7/5/2016

    GBP        32,835        NZD        61,240        (278

7/5/2016

    GBP        5,818        SGD        10,430        (28

7/5/2016

    GBP        296,059        USD        431,011        35,240   

7/5/2016

    GBP        296,068        USD        431,011        35,228   

7/5/2016

    GBP        296,073        USD        431,011        35,222   

7/5/2016

    GBP        225,566        USD        328,393        26,857   

7/5/2016

    GBP        296,059        USD        431,011        35,239   

7/5/2016

    HKD        1,804,992        USD        232,463        (200

7/5/2016

    HKD        1,805,304        USD        232,463        (241

7/5/2016

    HKD        1,805,021        USD        232,463        (204

7/5/2016

    HKD        1,375,209        USD        177,115        (150

7/5/2016

    HKD        1,805,040        USD        232,463        (207

7/5/2016

    ILS        194,487        USD        50,519        17   

7/5/2016

    ILS        194,454        USD        50,519        26   

7/5/2016

    ILS        194,471        USD        50,519        22   

7/5/2016

    ILS        148,269        USD        38,492        (9

7/5/2016

    ILS        194,454        USD        50,519      $ 26   

7/5/2016

    INR        2,045,779        USD        30,272        4   

7/5/2016

    JPY        88,727,681        USD        800,954        (63,922

7/5/2016

    JPY        88,731,125        USD        800,954        (63,956

7/5/2016

    JPY        88,733,128        USD        800,954        (63,976

7/5/2016

    JPY        67,604,753        USD        610,252        (48,728

7/5/2016

    JPY        88,728,002        USD        800,954        (63,926

7/5/2016

    KRW        78,988,438        USD        66,193        (2,382

7/5/2016

    KRW        78,988,438        USD        66,249        (2,326

7/5/2016

    KRW        66,836,372        USD        56,032        (1,993

7/5/2016

    KRW        78,988,438        USD        66,202        (2,373

7/5/2016

    MXN        316,968        USD        17,161        (20

7/5/2016

    MXN        316,994        USD        17,161        (21

7/5/2016

    MXN        316,968        USD        17,161        (20

7/5/2016

    MXN        241,507        USD        13,076        (14

7/5/2016

    MXN        317,118        USD        17,161        (28

7/5/2016

    MYR        870,418        USD        210,765        (5,193

7/5/2016

    NOK        1,530        JPY        18,881        1   

7/5/2016

    NOK        1,099,237        USD        131,423        60   

7/5/2016

    NOK        1,099,267        USD        131,423        57   

7/5/2016

    NOK        1,099,223        USD        131,423        62   

7/5/2016

    NOK        837,539        USD        100,132        43   

7/5/2016

    NOK        1,099,231        USD        131,423        61   

7/5/2016

    NZD        248,778        USD        168,020        (9,160

7/5/2016

    NZD        248,781        USD        168,020        (9,162

7/5/2016

    NZD        248,788        USD        168,020        (9,167

7/5/2016

    NZD        189,550        USD        128,019        (6,978

7/5/2016

    NZD        248,777        USD        168,020        (9,159

7/5/2016

    PLN        1,030        JPY        26,952        3   

7/5/2016

    PLN        66,984        USD        16,968        59   

7/5/2016

    PLN        66,977        USD        16,968        60   

7/5/2016

    PLN        66,985        USD        16,968        58   

7/5/2016

    PLN        51,049        USD        12,932        45   

7/5/2016

    PLN        66,984        USD        16,968        59   

7/5/2016

    SEK        61,100        JPY        744,906        50   

7/5/2016

    SEK        837,307        USD        100,371        1,547   

7/5/2016

    SEK        837,258        USD        100,371        1,553   

7/5/2016

    SEK        837,325        USD        100,371        1,545   

7/5/2016

    SEK        637,996        USD        76,474        1,174   

7/5/2016

    SEK        837,312        USD        100,371        1,546   

7/5/2016

    SGD        95,364        USD        69,221        (1,634

7/5/2016

    SGD        95,353        USD        69,221        (1,626

7/5/2016

    SGD        95,344        USD        69,221        (1,619

7/5/2016

    SGD        72,654        USD        52,744        (1,238

7/5/2016

    SGD        95,355        USD        69,221        (1,628

7/5/2016

    TWD        16,008,501        USD        489,557        (6,600

7/5/2016

    TWD        15,380,718        USD        471,007        (5,693

7/5/2016

    USD        13,616        AUD        18,247        (29

7/5/2016

    USD        271,329        AUD        364,381        (11

7/5/2016

    USD        271,329        AUD        364,385        (8

7/5/2016

    USD        271,329        AUD        364,396          

7/5/2016

    USD        271,329        AUD        364,405        7   

7/5/2016

    USD        206,727        AUD        277,621        (10

7/5/2016

    USD        1,546        CHF        1,482        (25

7/5/2016

    USD        30,799        CHF        30,003        (2

7/5/2016

    USD        30,799        CHF        30,003        (1

7/5/2016

    USD        30,799        CHF        30,004        (1

7/5/2016

    USD        30,799        CHF        30,004          

 

See Notes to Financial Statements.

 

68   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

June 30, 2016

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/5/2016

    USD        23,470        CHF        22,864      $   

7/5/2016

    USD        1,147        DKK        7,518        (24

7/5/2016

    USD        22,849        DKK        153,023        1   

7/5/2016

    USD        22,849        DKK        153,023        1   

7/5/2016

    USD        22,849        DKK        153,011        (1

7/5/2016

    USD        22,849        DKK        153,015          

7/5/2016

    USD        17,411        DKK        116,598          

7/5/2016

    USD        19,000        EUR        16,748        (394

7/5/2016

    USD        378,618        EUR        340,799        (8

7/5/2016

    USD        378,618        EUR        340,790        (17

7/5/2016

    USD        288,474        EUR        259,651        (15

7/5/2016

    USD        378,618        EUR        340,796        (10

7/5/2016

    USD        378,618        EUR        340,806          

7/5/2016

    USD        21,403        GBP        14,561        (1,938

7/5/2016

    USD        426,517        GBP        319,049        (13

7/5/2016

    USD        426,517        GBP        319,044        (19

7/5/2016

    USD        426,517        GBP        319,058          

7/5/2016

    USD        426,517        GBP        319,051        (10

7/5/2016

    USD        324,966        GBP        243,080        (16

7/5/2016

    USD        11,544        HKD        89,571        2   

7/5/2016

    USD        230,038        HKD        1,784,677        7   

7/5/2016

    USD        230,038        HKD        1,784,711        11   

7/5/2016

    USD        230,038        HKD        1,784,667        6   

7/5/2016

    USD        230,038        HKD        1,784,623          

7/5/2016

    USD        175,271        HKD        1,359,744          

7/5/2016

    USD        2,509        ILS        9,674        3   

7/5/2016

    USD        49,992        ILS        192,511        (3

7/5/2016

    USD        49,992        ILS        192,514        (3

7/5/2016

    USD        49,992        ILS        192,524          

7/5/2016

    USD        49,992        ILS        192,515        (2

7/5/2016

    USD        38,091        ILS        146,685        (2

7/5/2016

    USD        306        INR        20,714          

7/5/2016

    USD        29,992        INR        2,025,065        (31

7/5/2016

    USD        39,841        JPY        4,156,224        672   

7/5/2016

    USD        792,587        JPY        81,309,915        (16

7/5/2016

    USD        792,587        JPY        81,307,378        (40

7/5/2016

    USD        792,587        JPY        81,311,500          

7/5/2016

    USD        792,587        JPY        81,309,439        (20

7/5/2016

    USD        603,879        JPY        61,948,866        (30

7/5/2016

    USD        230,497        JPY        23,800,000        1,494   

7/5/2016

    USD        2,645        KRW        3,057,883        10   

7/5/2016

    USD        67,888        KRW        78,193,388        (3

7/5/2016

    USD        57,456        KRW        66,163,639        (15

7/5/2016

    USD        67,876        KRW        78,193,388        9   

7/5/2016

    USD        67,935        KRW        78,193,388        (50

7/5/2016

    USD        852        MXN        15,898        10   

7/5/2016

    USD        16,982        MXN        313,305          

7/5/2016

    USD        16,982        MXN        313,289        (1

7/5/2016

    USD        16,982        MXN        313,305          

7/5/2016

    USD        12,940        MXN        238,733          

7/5/2016

    USD        16,982        MXN        313,290        (1

7/5/2016

    USD        2,186        MYR        8,854        11   

7/5/2016

    USD        213,788        MYR        861,564        (27

7/5/2016

    USD        6,526        NOK        53,855        (90

7/5/2016

    USD        130,052        NOK        1,088,214        (6

7/5/2016

    USD        130,052        NOK        1,088,214        (7

7/5/2016

    USD        130,052        NOK        1,088,269          

7/5/2016

    USD        130,052        NOK        1,088,296        3   

7/5/2016

    USD        99,090        NOK        829,180      $   

7/5/2016

    USD        8,344        NZD        11,740        17   

7/5/2016

    USD        166,268        NZD        233,450        (5

7/5/2016

    USD        166,268        NZD        233,447        (7

7/5/2016

    USD        166,268        NZD        233,457          

7/5/2016

    USD        166,268        NZD        233,463        5   

7/5/2016

    USD        126,683        NZD        177,876          

7/5/2016

    USD        843        PLN        3,261        (20

7/5/2016

    USD        16,791        PLN        66,510        (1

7/5/2016

    USD        16,791        PLN        66,512        (1

7/5/2016

    USD        16,791        PLN        66,512        (1

7/5/2016

    USD        16,791        PLN        66,515          

7/5/2016

    USD        12,797        PLN        50,693          

7/5/2016

    USD        4,984        SEK        41,046        (140

7/5/2016

    USD        99,324        SEK        841,500        (5

7/5/2016

    USD        99,324        SEK        841,500        (5

7/5/2016

    USD        99,324        SEK        841,542          

7/5/2016

    USD        75,678        SEK        641,197          

7/5/2016

    USD        99,324        SEK        841,522        (2

7/5/2016

    USD        3,437        SGD        4,617        (6

7/5/2016

    USD        68,500        SGD        92,180        (11

7/5/2016

    USD        68,500        SGD        92,198        3   

7/5/2016

    USD        68,500        SGD        92,194          

7/5/2016

    USD        68,500        SGD        92,189        (4

7/5/2016

    USD        52,191        SGD        70,244          

7/5/2016

    USD        9,832        TWD        316,395        (26

7/5/2016

    USD        471,895        TWD        15,225,684          

7/5/2016

    USD        491,689        TWD        15,847,140        (533

7/6/2016

    BRL        349,695        USD        96,255        (12,864

7/6/2016

    BRL        349,695        USD        96,176        (12,944

7/6/2016

    BRL        349,695        USD        96,017        (13,102

7/6/2016

    BRL        349,695        USD        96,176        (12,944

7/6/2016

    BRL        266,435        USD        73,267        (9,872

7/6/2016

    CAD        559,802        USD        427,935        (3,115

7/6/2016

    CAD        559,781        USD        427,935        (3,098

7/6/2016

    CAD        559,784        USD        427,935        (3,101

7/6/2016

    CAD        426,508        USD        326,049        (2,364

7/6/2016

    CAD        559,798        USD        427,935        (3,112

7/6/2016

    CLP        12,983,718        USD        18,777        (832

7/6/2016

    CLP        12,983,718        USD        18,777        (832

7/6/2016

    CLP        12,983,718        USD        18,756        (853

7/6/2016

    CLP        12,983,718        USD        18,779        (830

7/6/2016

    CLP        9,892,359        USD        14,350        (591

7/6/2016

    THB        9,701,356        USD        271,150        (4,456

7/6/2016

    USD        4,884        BRL        16,567        285   

7/6/2016

    USD        108,470        BRL        346,216        (436

7/6/2016

    USD        108,066        BRL        346,216        (32

7/6/2016

    USD        108,060        BRL        346,216        (26

7/6/2016

    USD        108,019        BRL        346,216        15   

7/6/2016

    USD        82,281        BRL        263,784        31   

7/6/2016

    USD        21,250        CAD        27,185        (318

7/6/2016

    USD        423,473        CAD        549,986        18   

7/6/2016

    USD        423,473        CAD        549,970        6   

7/6/2016

    USD        423,473        CAD        549,961        (1

7/6/2016

    USD        423,473        CAD        549,964        1   

7/6/2016

    USD        322,647        CAD        419,018        (2

7/6/2016

    USD        945        CLP        641,401        24   

7/6/2016

    USD        19,525        CLP        12,849,024        (120

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      69   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

June 30, 2016

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

7/6/2016

    USD        19,408        CLP        12,849,024      $ (2

7/6/2016

    USD        19,408        CLP        12,849,024        (2

7/6/2016

    USD        19,408        CLP        12,849,024        (3

7/6/2016

    USD        14,798        CLP        9,789,734        (13

7/6/2016

    USD        2,757        THB        97,093        1   

7/6/2016

    USD        272,848        THB        9,604,263          

7/7/2016

    PHP        4,568,663        USD        97,484        322   

7/7/2016

    USD        995        PHP        46,056        (16

7/7/2016

    USD        96,164        PHP        4,522,607        18   

7/7/2016

    USD        2,432        ZAR        36,061        29   

7/7/2016

    USD        48,466        ZAR        710,002        (5

7/7/2016

    USD        48,466        ZAR        710,014        (4

7/7/2016

    USD        48,466        ZAR        710,059        (1

7/7/2016

    USD        48,466        ZAR        710,025        (3

7/7/2016

    USD        36,931        ZAR        541,066        (1

7/7/2016

    ZAR        775,715        USD        48,977        (3,969

7/7/2016

    ZAR        775,825        USD        48,977        (3,977

7/7/2016

    ZAR        775,850        USD        48,977        (3,979

7/7/2016

    ZAR        591,077        USD        37,319        (3,025

7/7/2016

    ZAR        775,764        USD        48,977        (3,973

7/8/2016

    TRY        45,818        USD        15,369        (536

7/8/2016

    TRY        45,807        USD        15,369        (532

7/8/2016

    TRY        45,813        USD        15,369        (535

7/8/2016

    TRY        34,913        USD        11,713        (407

7/8/2016

    TRY        45,811        USD        15,369        (534

7/8/2016

    USD        763        TRY        2,222        8   

7/8/2016

    USD        15,209        TRY        43,814        1   

7/8/2016

    USD        15,209        TRY        43,810        (1

7/8/2016

    USD        15,209        TRY        43,811          

7/8/2016

    USD        15,209        TRY        43,807        (2

7/8/2016

    USD        11,590        TRY        33,385        (1

7/12/2016

    IDR        2,570,147,927        USD        187,739        (6,976

7/12/2016

    USD        1,927        IDR        25,538,847        8   

7/12/2016

    USD        192,993        IDR        2,544,609,080        (212

8/2/2016

    DKK        146,776        USD        21,937        (2

8/2/2016

    DKK        146,770        USD        21,937        (2

8/2/2016

    DKK        146,763        USD        21,937        (1

8/2/2016

    DKK        146,765        USD        21,937        (1

8/2/2016

    DKK        111,837        USD        16,715        (2

8/2/2016

    EUR        311,527        USD        346,456        17   

8/2/2016

    EUR        311,542        USD        346,456          

8/2/2016

    EUR        237,369        USD        263,971        1   

8/2/2016

    EUR        311,539        USD        346,456        4   

8/2/2016

    EUR        311,546        USD        346,456        (4

8/2/2016

    GBP        262,843        USD        351,443        4   

8/2/2016

    GBP        262,840        USD        351,443        8   

8/2/2016

    GBP        262,859        USD        351,443        (18

8/2/2016

    GBP        200,264        USD        267,770        4   

8/2/2016

    GBP        262,869        USD        351,443        (31

8/2/2016

    HKD        1,799,721        USD        232,037        (30

8/2/2016

    HKD        1,799,556        USD        232,037        (9

8/2/2016

    HKD        1,799,475        USD        232,037        2   

8/2/2016

    HKD        1,799,529        USD        232,037        (5

8/2/2016

    HKD        1,371,024        USD        176,793        5   

8/2/2016

    ILS        186,295        USD        48,387        (12

8/2/2016

    ILS        186,266        USD        48,387        (5

8/2/2016

    ILS        186,268        USD        48,387        (5

8/2/2016

    ILS        186,249        USD        48,387          

8/2/2016

    ILS        141,935        USD        36,868      $ (7

8/2/2016

    NOK        1,115,499        USD        133,304        1   

8/2/2016

    NOK        1,115,515        USD        133,304          

8/2/2016

    NOK        1,115,573        USD        133,304        (7

8/2/2016

    NOK        1,115,539        USD        133,304        (3

8/2/2016

    NOK        849,957        USD        101,568        (2

8/2/2016

    NZD        245,937        USD        174,906        3   

8/2/2016

    NZD        245,934        USD        174,906        4   

8/2/2016

    NZD        245,953        USD        174,906        (9

8/2/2016

    NZD        245,942        USD        174,906        (1

8/2/2016

    NZD        187,389        USD        133,266          

8/2/2016

    PHP        4,661,490        USD        99,002        (16

8/2/2016

    PLN        35,635        USD        8,982        (7

8/2/2016

    PLN        35,607        USD        8,982          

8/2/2016

    PLN        35,607        USD        8,982          

8/2/2016

    PLN        27,133        USD        6,844          

8/2/2016

    PLN        35,609        USD        8,982          

8/2/2016

    SEK        785,076        USD        92,773        2   

8/2/2016

    SEK        785,074        USD        92,773        2   

8/2/2016

    SEK        785,134        USD        92,773        (5

8/2/2016

    SEK        785,116        USD        92,773        (3

8/2/2016

    SEK        598,188        USD        70,685        (2

8/2/2016

    TRY        43,605        USD        15,045        (2

8/2/2016

    TRY        43,605        USD        15,045        (2

8/2/2016

    TRY        43,603        USD        15,045        (2

8/2/2016

    TRY        43,599        USD        15,045          

8/2/2016

    TRY        33,226        USD        11,464        (2

8/3/2016

    AUD        367,038        USD        273,014        10   

8/3/2016

    AUD        367,076        USD        273,014        (18

8/3/2016

    AUD        367,048        USD        273,014        2   

8/3/2016

    AUD        367,060        USD        273,014        (7

8/3/2016

    AUD        279,651        USD        208,013        8   

8/3/2016

    BRL        386,934        USD        120,065        355   

8/3/2016

    BRL        386,934        USD        119,747        37   

8/3/2016

    BRL        386,934        USD        119,718        8   

8/3/2016

    BRL        294,810        USD        91,250        41   

8/3/2016

    BRL        386,934        USD        119,601        (109

8/3/2016

    CHF        29,152        USD        29,976        (4

8/3/2016

    CHF        29,153        USD        29,976        (6

8/3/2016

    CHF        29,150        USD        29,976        (2

8/3/2016

    CHF        29,150        USD        29,976        (3

8/3/2016

    CHF        22,212        USD        22,842        (1

8/3/2016

    CLP        12,745,370        USD        19,296        100   

8/3/2016

    CLP        12,745,370        USD        19,186        (11

8/3/2016

    CLP        12,745,370        USD        19,198        1   

8/3/2016

    CLP        12,745,370        USD        19,192        (4

8/3/2016

    CLP        9,710,759        USD        14,639        13   

8/3/2016

    IDR        2,719,363,465        USD        205,312        (165

8/3/2016

    INR        2,070,796        USD        30,516        34   

8/3/2016

    JPY        81,549,238        USD        795,600        (18

8/3/2016

    JPY        81,545,897        USD        795,600        14   

8/3/2016

    JPY        81,551,943        USD        795,600        (45

8/3/2016

    JPY        81,550,352        USD        795,600        (29

8/3/2016

    JPY        62,132,876        USD        606,175        (12

8/3/2016

    KRW        72,165,855        USD        62,676        38   

8/3/2016

    KRW        72,165,855        USD        62,633        (5

8/3/2016

    KRW        61,063,416        USD        53,007        6   

8/3/2016

    KRW        72,165,855        USD        62,622        (15

 

See Notes to Financial Statements.

 

70   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

June 30, 2016

 

  

 

 

Settlement
Date
  Contracts
To Deliver
    In
Exchange For
    Unrealized
Gain (Loss)
 

8/3/2016

    MXN        312,294        USD        16,882      $   

8/3/2016

    MXN        312,319        USD        16,882        (1

8/3/2016

    MXN        312,318        USD        16,882        (1

8/3/2016

    MXN        312,318        USD        16,882        (1

8/3/2016

    MXN        238,023        USD        12,865        (2

8/3/2016

    MYR        794,970        USD        197,092        (230

8/3/2016

    SGD        92,106        USD        68,389        (31

8/3/2016

    SGD        92,078        USD        68,389        (10

8/3/2016

    SGD        92,077        USD        68,389        (9

8/3/2016

    SGD        92,075        USD        68,389        (8

8/3/2016

    SGD        70,159        USD        52,107        (9

8/3/2016

    THB        10,204,147        USD        289,775        29   

8/3/2016

    TWD        15,443,046        USD        479,077        (272

8/3/2016

    TWD        16,073,373        USD        499,018        103   

8/4/2016

    CAD        570,250        USD        439,118        (24

8/4/2016

    CAD        570,249        USD        439,118        (23

8/4/2016

    CAD        570,258        USD        439,118        (30

8/4/2016

    CAD        570,220        USD        439,118        (1

8/4/2016

    CAD        434,462        USD        334,568        (6

8/8/2016

    ZAR        696,460        USD        47,229        (1

8/8/2016

    ZAR        696,463        USD        47,229        (1

8/8/2016

    ZAR        696,527        USD        47,229        (5

8/8/2016

    ZAR        696,457        USD        47,229        (1

8/8/2016

    ZAR        530,683        USD        35,985        (3
                                    $ (358,512

 

CURRENCY LEGEND

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

CHF – Swiss franc

CLP – Chilean peso

DKK – Danish krone

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

IDR – Indonesian rupiah

ILS – Israeli New shekel

INR – Indian rupee

JPY – Japanese yen

KRW – South Korean won

MXN – Mexican peso

MYR – Malaysian ringgit

NOK – Norwegian krone

NZD – New Zealand dollar

PHP – Philippine peso

PLN – Polish zloty

SEK – Swedish krona

SGD – Singapore dollar

THB – Thai baht

TRY – Turkish New lira

TWD – New Taiwan dollar

USD – U.S. dollar

ZAR – South African rand

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      71   


Table of Contents

Schedule of Investments

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
COMMON STOCKS – 99.6%      
Australia – 3.8%      

ALS Ltd.

     14,509       $ 52,829   

AP Eagers Ltd.

     7,596         67,476   

BlueScope Steel Ltd.

     2,658         12,607   

carsales.com Ltd.

     9,346         85,735   

CSR Ltd.

     33,480         90,742   

Downer EDI Ltd.

     25,240         71,416   

DuluxGroup Ltd.

     18,132         85,327   

Event Hospitality and Entertainment Ltd.

     5,919         64,038   

Fairfax Media Ltd.

     107,955         74,756   

Genworth Mortgage Insurance Australia Ltd.

     30,749         62,963   

IRESS Ltd.

     7,764         62,956   

JB Hi-Fi Ltd.

     5,457         97,925   

Navitas Ltd.

     17,810         72,805   

Northern Star Resources Ltd.

     15,754         57,948   

Perpetual Ltd.

     2,447         74,922   

Premier Investments Ltd.

     6,576         69,824   

Primary Health Care Ltd.

     26,108         76,788   

Qube Holdings Ltd.

     4,053         6,670   

Seven Group Holdings Ltd.

     21,840         97,735   

Spotless Group Holdings Ltd.

     51,207         42,704   

Super Retail Group Ltd.

     9,318         60,848   
     

 

 

 
Total Australia               1,389,014   
Austria – 0.1%      

Schoeller-Bleckmann Oilfield Equipment AG

     532         32,116   
Belgium – 0.5%      

Bekaert S.A.

     1,862         80,602   

Econocom Group S.A./N.V.*

     3,035         34,763   

Warehouses De Pauw

     755         70,666   
     

 

 

 
Total Belgium               186,031   
Brazil – 1.6%      

BR Malls Participacoes S.A.*

     2,600         10,428   

Cia Siderurgica Nacional S.A.*

     42,435         103,579   

EcoRodovias Infraestrutura e Logistica S.A.*

     26,877         70,302   

EDP – Energias do Brasil S.A.

     14,145         60,134   

Grendene S.A.

     9,892         50,822   

Multiplus S.A.

     5,653         63,787   

Odontoprev S.A.

     15,558         64,636   

Smiles S.A.

     4,239         63,497   

Sul America S.A.

     1,100         5,370   

Transmissora Alianca de Energia Eletrica S.A.

     15,558         93,239   
     

 

 

 
Total Brazil               585,794   
Canada – 5.9%      

Aimia, Inc.

     8,996         54,723   

Algonquin Power & Utilities Corp.

     12,033         110,166   

Canadian Energy Services & Technology Corp.

     11,515         36,087   

Canadian Western Bank

     2,099         39,840   

Capital Power Corp.

     5,821         86,416   

Chartwell Retirement Residences

     7,302         88,667   

Chemtrade Logistics Income Fund

     538         7,390   

Corus Entertainment, Inc. Class B

     6,017         61,713   

Cott Corp.

     772       $ 10,736   

Dominion Diamond Corp.

     5,051         44,454   

Enbridge Income Fund Holdings, Inc.

     2,629         64,900   

EnerCare, Inc.

     5,215         68,666   

Enerplus Corp.

     18,244         119,548   

Ensign Energy Services, Inc.

     7,400         41,311   

Gibson Energy, Inc.

     7,248         83,659   

Just Energy Group, Inc.

     8,506         51,349   

Laurentian Bank of Canada

     1,092         40,562   

Manitoba Telecom Services, Inc.

     3,665         107,040   

Mullen Group Ltd.

     4,897         53,167   

Norbord, Inc.

     3,105         60,393   

North West Co., Inc. (The)

     2,853         64,718   

Pan American Silver Corp.

     9,332         152,911   

Parkland Fuel Corp.

     3,385         58,619   

Russel Metals, Inc.

     4,393         77,394   

Secure Energy Services, Inc.

     5,247         35,675   

Superior Plus Corp.

     8,170         67,061   

TransAlta Corp.

     24,848         128,574   

TransAlta Renewables, Inc.

     9,528         98,016   

Transcontinental, Inc. Class A

     600         8,090   

TransForce, Inc.

     3,301         60,977   

Westshore Terminals Investment Corp.

     3,469         49,977   

Yamana Gold, Inc.

     25,492         131,906   
     

 

 

 
Total Canada               2,164,705   
Chile – 0.3%      

Parque Arauco S.A.

     26,765         54,151   

Vina Concha y Toro S.A.

     26,793         42,294   
     

 

 

 
Total Chile               96,445   
China – 2.2%      

Beijing Tong Ren Tang Chinese Medicine Co., Ltd.

     28,000         33,169   

China Communications Services Corp., Ltd. Class H

     112,000         58,325   

China Lilang Ltd.

     56,000         35,587   

China National Building Material Co., Ltd. Class H

     84,000         36,597   

CIFI Holdings Group Co., Ltd.

     224,000         54,860   

CITIC Telecom International Holdings Ltd.

     28,000         10,539   

Jiangsu Expressway Co., Ltd. Class H

     56,000         77,814   

Jiangxi Copper Co., Ltd. Class H

     42,000         46,721   

Shanghai Pharmaceuticals Holding Co., Ltd. Class H*

     15,400         33,905   

Sinopec Engineering Group Co., Ltd. Class H

     12,000         10,828   

Sinotrans Ltd. Class H

     56,000         24,759   

SITC International Holdings Co., Ltd.

     84,000         43,960   

Sunac China Holdings Ltd.

     56,000         34,648   

TCL Communication Technology Holdings Ltd.

     56,000         51,539   

Weichai Power Co., Ltd. Class H

     28,000         28,657   

Xinyi Automobile Glass Hong Kong Enterprises Ltd.*

     14,000         4,908   

Xinyi Glass Holdings Ltd.

     112,000         82,290   

XTEP International Holdings Ltd.

     19,500         10,431   

Yuzhou Properties Co., Ltd.

     12,000         3,341   

Zhejiang Expressway Co., Ltd. Class H

     56,000         52,622   

Zhongsheng Group Holdings Ltd.

     17,000         9,204   

Zijin Mining Group Co., Ltd. Class H

     168,000         56,087   
     

 

 

 
Total China               800,791   

 

See Notes to Financial Statements.

 

72   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
Denmark – 0.3%      

Alm Brand A/S

     6,618       $ 44,075   

FLSmidth & Co. A/S

     1,834         65,152   
     

 

 

 
Total Denmark               109,227   
Finland – 0.7%      

Cargotec Oyj Class B

     1,428         57,778   

Caverion Corp.

     999         6,382   

Konecranes Oyj

     2,741         69,002   

Uponor Oyj

     3,105         48,914   

Valmet Oyj

     5,541         73,561   
     

 

 

 
Total Finland               255,637   
France – 0.6%      

Alten S.A.

     1,204         71,093   

IPSOS

     808         22,944   

Neopost S.A.

     3,882         89,618   

Saft Groupe S.A.

     1,169         47,454   
     

 

 

 
Total France               231,109   
Germany – 1.1%      

alstria office REIT-AG*

     5,317         71,710   

AURELIUS SE & Co. KGaA

     320         18,739   

Comdirect Bank AG

     4,939         50,261   

CompuGroup Medical SE

     1,050         43,732   

Hamburger Hafen und Logistik AG

     3,217         48,051   

Indus Holding AG

     1,120         52,010   

Sixt SE

     162         8,274   

Takkt AG

     430         8,456   

TLG Immobilien AG

     2,127         44,613   

Wacker Neuson SE

     2,769         42,836   
     

 

 

 
Total Germany               388,682   
Hong Kong – 0.8%      

Hong Kong Aircraft Engineering Co., Ltd.

     5,600         35,803   

Kingboard Chemical Holdings Ltd.

     35,000         69,387   

Kingboard Laminates Holdings Ltd.

     15,000         9,184   

Kowloon Development Co., Ltd.

     6,000         5,723   

Television Broadcasts Ltd.

     42,000         143,466   

Vitasoy International Holdings Ltd.

     28,000         50,818   
     

 

 

 
Total Hong Kong               314,381   
Indonesia – 0.7%      

Adaro Energy Tbk PT

     701,000         45,097   

AKR Corporindo Tbk PT

     64,400         31,195   

Bumitama Agri Ltd.

     70,000         39,788   

Lippo Karawaci Tbk PT

     359,500         31,154   

Media Nusantara Citra Tbk PT

     359,500         59,860   

Vale Indonesia Tbk PT*

     255,900         35,250   
     

 

 

 
Total Indonesia               242,344   
Ireland – 0.2%      

Greencore Group PLC

     2,000         8,221   

Irish Continental Group PLC

     12,563         58,619   
     

 

 

 
Total Ireland               66,840   
Israel – 0.7%      

Amot Investments Ltd.

     13,557       $ 55,269   

Delek Automotive Systems Ltd.

     8,464         70,791   

First International Bank of Israel Ltd.

     2,447         29,959   

Gazit-Globe Ltd.

     6,184         55,239   

Melisron Ltd.

     125         5,024   

Migdal Insurance & Financial Holding Ltd.*

     45,051         25,713   
     

 

 

 
Total Israel               241,995   
Italy – 0.9%      

Astaldi SpA

     4,253         17,180   

ASTM SpA

     6,017         65,375   

Industria Macchine Automatiche SpA

     1,358         81,544   

Interpump Group SpA

     800         12,496   

MARR SpA

     3,581         67,671   

RAI Way SpA(a)

     10,843         48,786   

Societa Cattolica di Assicurazioni SCRL

     7,024         44,245   
     

 

 

 
Total Italy               337,297   
Japan – 10.8%      

Adastria Co., Ltd.

     400         15,752   

ADEKA Corp.

     4,200         50,520   

Advantest Corp.

     800         8,851   

Aeon Delight Co., Ltd.

     1,400         38,006   

Aica Kogyo Co., Ltd.

     3,400         77,054   

Amano Corp.

     2,800         48,473   

Arcs Co., Ltd.

     2,800         66,486   

Ashikaga Holdings Co., Ltd.

     3,100         9,881   

Autobacs Seven Co., Ltd.

     4,200         59,362   

Bic Camera, Inc.

     800         7,330   

Capcom Co., Ltd.

     200         4,593   

Central Glass Co., Ltd.

     1,000         4,279   

Chiyoda Co., Ltd.

     1,400         30,787   

COMSYS Holdings Corp.

     4,200         67,714   

Daido Steel Co., Ltd.

     14,000         47,626   

DCM Holdings Co., Ltd.

     5,600         47,763   

Dip Corp.

     300         7,998   

DMG Mori Co., Ltd.

     3,800         36,004   

Dynam Japan Holdings Co., Ltd.

     39,200         55,683   

Eagle Industry Co., Ltd.

     2,800         32,206   

Ebara Corp.

     16,000         87,494   

Exedy Corp.

     2,800         59,499   

Fuji Oil Holdings, Inc.

     200         3,704   

Furukawa Co., Ltd.

     17,000         23,696   

Furukawa Electric Co., Ltd.

     3,000         6,901   

Glory Ltd.

     1,600         43,217   

GMO Internet, Inc.

     500         5,152   

Gree, Inc.

     1,600         9,015   

GS Yuasa Corp.

     2,000         7,603   

Harmonic Drive Systems, Inc.

     200         5,654   

Heiwa Corp.

     4,500         90,754   

Hitachi Kokusai Electric, Inc.

     1,300         21,567   

Hokkoku Bank Ltd. (The)

     14,000         37,664   

Hokuetsu Kishu Paper Co., Ltd.

     7,000         47,968   

Hyakujushi Bank Ltd. (The)

     14,000         40,530   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      73   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Itochu Enex Co., Ltd.

     1,400       $ 12,309   

Itoham Yonekyu Holdings, Inc.*

     1,000         10,245   

Japan Aviation Electronics Industry Ltd.

     1,000         13,588   

Juroku Bank Ltd. (The)

     3,000         7,896   

kabu.com Securities Co., Ltd.

     21,000         67,346   

KYORIN Holdings, Inc.

     300         5,846   

Kyowa Exeo Corp.

     900         11,177   

Kyudenko Corp.

     1,000         29,535   

Lintec Corp.

     2,800         54,532   

Maeda Road Construction Co., Ltd.

     1,000         16,970   

Megmilk Snow Brand Co., Ltd.

     500         17,424   

Meitec Corp.

     1,400         47,285   

Mitsubishi Shokuhin Co., Ltd.

     1,400         36,614   

Miura Co., Ltd.

     600         13,340   

Mochida Pharmaceutical Co., Ltd.

     1,400         112,584   

Morinaga Milk Industry Co., Ltd.

     1,000         6,940   

Musashino Bank Ltd. (The)

     300         6,749   

Nagase & Co., Ltd.

     6,200         67,929   

Nanto Bank Ltd. (The)

     3,000         9,533   

Nichi-iko Pharmaceutical Co., Ltd.

     1,400         28,317   

Nihon Kohden Corp.

     300         8,378   

Nihon M&A Center, Inc.

     1,400         90,204   

Nihon Parkerizing Co., Ltd.

     5,600         58,353   

Nikkon Holdings Co., Ltd.

     2,800         49,946   

Nippon Densetsu Kogyo Co., Ltd.

     2,800         46,726   

Nippon Flour Mills Co., Ltd.

     14,000         108,899   

Nippon Gas Co., Ltd.

     200         4,324   

Nippon Paper Industries Co., Ltd.

     4,200         73,159   

Nippon Steel & Sumikin Bussan Corp.

     16,000         51,311   

Nipro Corp.

     6,000         74,042   

Nissan Shatai Co., Ltd.

     4,200         41,636   

Nisshin Steel Co., Ltd.

     4,500         57,023   

NOF Corp.

     14,000         115,313   

North Pacific Bank Ltd.

     10,800         29,161   

Okasan Securities Group, Inc.

     2,500         11,039   

Oki Electric Industry Co., Ltd.

     5,000         6,628   

OKUMA Corp.

     1,000         6,482   

Onward Holdings Co., Ltd.

     2,000         12,438   

Open House Co., Ltd.

     300         8,106   

Paltac Corp.

     2,800         56,524   

PanaHome Corp.

     14,000         110,128   

Relo Holdings, Inc.

     100         17,585   

Rengo Co., Ltd.

     1,000         6,453   

Ricoh Leasing Co., Ltd.

     1,400         35,549   

Saibu Gas Co., Ltd.

     28,000         67,960   

San-In Godo Bank Ltd. (The)

     1,200         7,767   

Sanwa Holdings Corp.

     7,800         70,176   

Sapporo Holdings Ltd.

     2,800         80,869   

Seiko Holdings Corp.

     2,000         5,965   

Senshu Ikeda Holdings, Inc.

     2,500         9,285   

Showa Denko K.K.

     5,000         46,837   

SKY Perfect JSAT Holdings, Inc.

     11,200         51,420   

Sumitomo Osaka Cement Co., Ltd.

     1,000         4,279   

Sumitomo Warehouse Co., Ltd. (The)

     14,000         69,188   

T-Gaia Corp.

     4,200       $ 58,789   

Tadano Ltd.

     800         6,597   

Takara Holdings, Inc.

     7,000         64,071   

Toda Corp.

     1,000         4,289   

Toho Bank Ltd. (The)

     14,000         43,123   

Toho Holdings Co., Ltd.

     1,400         33,584   

Tokai Tokyo Financial Holdings, Inc.

     9,800         41,267   

Toppan Forms Co., Ltd.

     4,200         43,109   

Toyo Ink SC Holdings Co., Ltd.

     3,000         12,487   

Toyobo Co., Ltd.

     37,000         69,607   

Tsubakimoto Chain Co.

     1,000         6,102   

Tsumura & Co.

     1,800         48,619   

Universal Entertainment Corp.*

     2,800         58,653   

UNY Group Holdings Co., Ltd.

     8,400         70,498   

Ushio, Inc.

     4,200         48,923   

Yamato Kogyo Co., Ltd.

     1,400         31,578   

Yoshinoya Holdings Co., Ltd.

     2,800         38,238   

Zojirushi Corp.

     400         7,548   
     

 

 

 
Total Japan               3,963,180   
Malaysia – 0.6%      

Felda Global Ventures Holdings Bhd

     116,200         43,523   

Genting Plantations Bhd

     25,200         66,383   

KPJ Healthcare Bhd

     44,800         47,006   

Lafarge Malaysia Bhd

     26,600         51,663   
     

 

 

 
Total Malaysia               208,575   
Mexico – 0.2%      

Banregio Grupo Financiero S.A.B. de C.V.

     7,080         40,425   

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

     8,478         49,808   
     

 

 

 
Total Mexico               90,233   
Netherlands – 0.2%      

TKH Group N.V. CVA

     2,004         67,681   
New Zealand – 2.4%      

Air New Zealand Ltd.

     82,267         122,747   

EBOS Group Ltd.

     6,115         71,249   

Genesis Energy Ltd.

     103,226         157,328   

Infratil Ltd.

     39,189         89,174   

Kiwi Property Group Ltd.

     15,000         15,918   

SKY Network Television Ltd.

     29,451         100,051   

SKYCITY Entertainment Group Ltd.

     32,095         104,690   

Trade Me Group Ltd.

     27,185         89,642   

Z Energy Ltd.

     19,937         114,871   
     

 

 

 
Total New Zealand               865,670   
Norway – 1.8%      

Aker ASA Class A

     2,685         68,345   

Atea ASA*

     6,898         65,741   

Austevoll Seafood ASA

     9,794         81,637   

Kongsberg Gruppen ASA

     4,379         64,105   

Ocean Yield ASA

     8,604         62,206   

Salmar ASA

     7,414         218,930   

SpareBank 1 SR-Bank ASA

     8,478         41,742   

Veidekke ASA

     5,695         68,057   
     

 

 

 
Total Norway               670,763   

 

See Notes to Financial Statements.

 

74   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         
Philippines – 0.2%      

First Gen Corp.

     113,400       $ 60,017   

Manila Water Co., Inc.

     14,000         8,064   

Nickel Asia Corp.

     224,200         23,827   
     

 

 

 
Total Philippines               91,908   
Poland – 0.1%      

Asseco Poland S.A.

     3,847         50,703   
Portugal – 0.3%      

CTT – Correios de Portugal S.A.

     7,498         59,259   

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

     3,998         11,250   

Semapa-Sociedade de Investimento e Gestao

     4,687         51,555   
     

 

 

 
Total Portugal               122,064   
Russia – 0.1%      

LSR Group PJSC GDR Reg S

     17,754         49,800   
Singapore – 0.8%      

GuocoLand Ltd.

     32,200         44,260   

OUE Ltd.

     42,000         48,057   

SMRT Corp., Ltd.

     57,400         64,185   

United Engineers Ltd.

     5,100         8,299   

Venture Corp., Ltd.

     15,400         94,741   

Wing Tai Holdings Ltd.

     42,000         50,866   
     

 

 

 
Total Singapore               310,408   
South Africa – 0.7%      

Coronation Fund Managers Ltd.

     15,824         72,275   

DataTec Ltd.

     16,258         48,680   

Exxaro Resources Ltd.

     2,706         12,465   

Famous Brands Ltd.

     6,394         55,448   

Sibanye Gold Ltd.

     24,428         83,600   
     

 

 

 
Total South Africa               272,468   
South Korea – 0.7%      

Grand Korea Leisure Co., Ltd.

     1,372         31,625   

Hite Jinro Co., Ltd.

     3,147         65,161   

KEPCO Engineering & Construction Co., Inc.

     952         21,985   

Kumho Petrochemical Co., Ltd.

     980         50,623   

LS Industrial Systems Co., Ltd.

     1,106         45,657   

Seah Besteel Corp.

     1,218         26,277   
     

 

 

 
Total South Korea               241,328   
Spain – 0.1%      

Obrascon Huarte Lain S.A.*

     5,471         19,024   
Sweden – 1.2%      

AddTech AB Class B

     2,587         32,366   

Bilia AB Class A

     2,407         58,949   

Clas Ohlson AB Class B

     525         8,938   

Com Hem Holding AB

     4,519         38,055   

Hemfosa Fastigheter AB

     1,100         11,230   

Holmen AB Class B

     2,127         67,731   

Kungsleden AB

     1,800         11,632   

Modern Times Group MTG AB Class B

     2,811         73,852   

Ratos AB Class B

     8,674         41,984   

Sweco AB Class B

     3,063         52,817   

Wihlborgs Fastigheter AB

     2,727         55,424   
     

 

 

 
Total Sweden               452,978   
Switzerland – 0.4%      

Cembra Money Bank AG*

     1,302       $ 91,081   

Implenia AG Registered Shares

     50         3,295   

Tecan Group AG Registered Shares

     336         52,356   
     

 

 

 
Total Switzerland               146,732   
Taiwan – 2.8%      

Chicony Electronics Co., Ltd.

     28,000         62,928   

ChipMOS TECHNOLOGIES, Inc.

     42,000         44,722   

Farglory Land Development Co., Ltd.

     10,000         11,532   

Highwealth Construction Corp.

     17,000         27,930   

Inventec Corp.

     154,000         109,083   

King’s Town Bank Co., Ltd.

     56,000         37,063   

Powertech Technology, Inc.

     28,000         62,060   

Radiant Opto-Electronics Corp.

     14,000         21,786   

Realtek Semiconductor Corp.

     28,000         86,711   

Ruentex Industries Ltd.

     56,000         84,020   

Synnex Technology International Corp.

     84,000         90,486   

Taiwan Secom Co., Ltd.

     28,000         80,722   

Teco Electric and Machinery Co., Ltd.

     56,000         47,044   

Transcend Information, Inc.*

     14,000         42,357   

Wan Hai Lines Ltd.

     84,000         46,350   

Wistron Corp.

     98,000         68,049   

WPG Holdings Ltd.

     84,000         97,517   
     

 

 

 
Total Taiwan               1,020,360   
Thailand – 0.8%      

Bangchak Petroleum PCL (The) NVDR

     75,600         68,845   

Bangkok Airways Co., Ltd. NVDR

     13,500         8,875   

Banpu PCL NVDR

     181,957         76,117   

BEC World PCL NVDR

     74,200         48,143   

Jasmine International PCL

     29,200         4,695   

Pruksa Real Estate PCL NVDR

     99,400         71,424   

TTW PCL NVDR

     36,000         11,474   
     

 

 

 
Total Thailand               289,573   
Turkey – 0.2%      

Turk Traktor ve Ziraat Makineleri AS

     2,685         78,431   
United Kingdom – 4.8%      

A.G. Barr PLC

     5,275         34,144   

BGEO Group PLC*

     260         9,113   

Big Yellow Group PLC

     4,911         51,273   

Bodycote PLC

     13,235         91,117   

Brewin Dolphin Holdings PLC

     10,172         32,744   

Countrywide PLC

     3,900         12,804   

Dairy Crest Group PLC

     6,562         47,150   

Debenhams PLC

     65,212         48,208   

Dignity PLC

     1,162         39,921   

Diploma PLC

     4,295         47,856   

Drax Group PLC

     17,433         75,436   

Electrocomponents PLC

     25,660         89,255   

EMIS Group PLC

     2,461         30,349   

esure Group PLC

     13,011         49,762   

Ferroglobe PLC

     4,939         42,525   

Fidessa Group PLC

     2,039         53,561   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      75   


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Foxtons Group PLC

     1,535       $ 2,288   

Genus PLC

     1,484         31,047   

Go-Ahead Group PLC

     1,680         43,928   

Greggs PLC

     2,993         38,810   

Halfords Group PLC

     11,025         47,383   

Home Retail Group PLC

     16,004         32,712   

Hunting PLC

     5,425         34,810   

J D Wetherspoon PLC

     3,497         33,004   

JRP Group PLC

     5,000         7,352   

Ladbrokes PLC

     50,382         75,163   

Laird PLC

     10,270         45,113   

Lookers PLC

     13,907         19,892   

Marshalls PLC

     6,198         19,703   

Marston’s PLC

     26,877         48,397   

Mitie Group PLC

     15,614         51,765   

Morgan Advanced Materials PLC

     13,277         41,195   

N Brown Group PLC

     13,095         30,494   

NCC Group PLC

     7,302         25,750   

Novae Group PLC

     2,867         28,764   

OneSavings Bank PLC

     4,953         14,017   

PayPoint PLC

     350         4,225   

Photo-Me International PLC

     3,800         6,934   

Polypipe Group PLC

     7,178         24,987   

Poundland Group PLC

     1,489         4,110   

Rank Group PLC

     13,725         39,282   

Safestore Holdings PLC

     7,610         37,559   

Senior PLC

     3,000         8,241   

SIG PLC

     3,998         6,013   

St. Modwen Properties PLC

     2,000         7,176   

Synthomer PLC

     11,165         48,448   

Telecom Plus PLC

     3,133         43,641   

Tullett Prebon PLC

     9,808         39,885   

Vesuvius PLC

     14,323         54,933   

Zoopla Property Group PLC(a)

     857         3,047   
     

 

 

 
Total United Kingdom               1,755,286   
United States – 50.0%      

A. Schulman, Inc.

     1,862         45,470   

AAON, Inc.

     829         22,806   

Abaxis, Inc.

     351         16,578   

Abercrombie & Fitch Co. Class A

     7,820         139,274   

ABM Industries, Inc.

     3,385         123,485   

Advanced Drainage Systems, Inc.

     304         8,320   

Alexander & Baldwin, Inc.

     177         6,397   

Allegheny Technologies, Inc.

     11,837         150,922   

Alon USA Energy, Inc.

     1,500         9,720   

American States Water Co.

     2,601         113,976   

AMERISAFE, Inc.

     112         6,857   

Andersons, Inc. (The)

     1,414         50,254   

Apogee Enterprises, Inc.

     403         18,679   

Applied Industrial Technologies, Inc.

     3,049         137,632   

Archrock, Inc.

     5,359         50,482   

Artisan Partners Asset Management, Inc. Class A

     4,197         116,173   

Astoria Financial Corp.

     2,643         40,517   

ATN International, Inc.

     700       $ 54,467   

Axiall Corp.

     6,730         219,465   

AZZ, Inc.

     1,050         62,979   

Badger Meter, Inc.

     616         44,986   

BancFirst Corp.

     459         27,687   

Banner Corp.

     230         9,784   

BBCN Bancorp, Inc.

     4,099         61,157   

BGC Partners, Inc. Class A

     22,232         193,641   

Bob Evans Farms, Inc.

     1,946         73,851   

Boston Private Financial Holdings, Inc.

     4,603         54,223   

Brady Corp. Class A

     4,869         148,797   

Briggs & Stratton Corp.

     3,357         71,101   

Brink’s Co. (The)

     1,987         56,610   

Bristow Group, Inc.

     4,085         46,610   

Caleres, Inc.

     578         13,993   

California Water Service Group

     4,323         151,002   

Capitol Federal Financial, Inc.

     16,475         229,826   

Carpenter Technology Corp.

     3,063         100,865   

Cato Corp. (The) Class A

     2,559         96,525   

Chemical Financial Corp.

     1,792         66,824   

Chesapeake Lodging Trust

     4,883         113,530   

Children’s Place, Inc. (The)

     506         40,571   

ClubCorp Holdings, Inc.

     4,337         56,381   

Coca-Cola Bottling Co. Consolidated

     65         9,586   

Cogent Communications Holdings, Inc.

     6,129         245,528   

Cohen & Steers, Inc.

     5,863         237,100   

Colony Starwood Homes

     1,086         33,036   

Comfort Systems USA, Inc.

     581         18,923   

Commercial Metals Co.

     9,584         161,970   

Community Bank System, Inc.

     2,267         93,151   

CONMED Corp.

     1,414         67,490   

Consolidated Communications Holdings, Inc.

     9,654         262,975   

Core-Mark Holding Co., Inc.

     728         34,114   

CoreSite Realty Corp.

     1,526         135,341   

CSG Systems International, Inc.

     2,225         89,690   

Cubic Corp.

     686         27,550   

CVB Financial Corp.

     5,499         90,129   

Dean Foods Co.

     4,519         81,749   

Delek U.S. Holdings, Inc.

     3,600         47,556   

DeVry Education Group, Inc.

     1,500         26,760   

DineEquity, Inc.

     1,918         162,608   

Dolby Laboratories, Inc. Class A

     1,736         83,068   

DuPont Fabros Technology, Inc.

     7,024         333,921   

EastGroup Properties, Inc.

     2,323         160,101   

Ebix, Inc.

     1,288         61,695   

Education Realty Trust, Inc.

     3,763         173,625   

El Paso Electric Co.

     3,483         164,641   

Empire District Electric Co. (The)

     5,611         190,606   

Ensign Group, Inc. (The)

     380         7,984   

ESCO Technologies, Inc.

     952         38,023   

Essendant, Inc.

     1,932         59,042   

Exponent, Inc.

     1,064         62,148   

FBL Financial Group, Inc. Class A

     1,218         73,896   

Federal Signal Corp.

     2,993         38,550   

 

See Notes to Financial Statements.

 

76   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Fidelity & Guaranty Life

     668       $ 15,484   

Finish Line, Inc. (The) Class A

     2,937         59,298   

First Financial Bancorp

     3,735         72,646   

First Merchants Corp.

     1,260         31,412   

First Midwest Bancorp, Inc.

     3,441         60,424   

Forward Air Corp.

     1,134         50,497   

Franklin Electric Co., Inc.

     2,015         66,596   

Franklin Street Properties Corp.

     11,131         136,577   

G&K Services, Inc. Class A

     1,092         83,614   

Government Properties Income Trust

     12,075         278,449   

Gramercy Property Trust

     41,357         381,312   

Granite Construction, Inc.

     1,918         87,365   

Greenbrier Cos., Inc. (The)

     1,498         43,637   

H.B. Fuller Co.

     1,973         86,792   

Heartland Express, Inc.

     1,512         26,294   

Herman Miller, Inc.

     3,273         97,830   

Hersha Hospitality Trust

     4,015         68,857   

Hillenbrand, Inc.

     4,981         149,629   

Horace Mann Educators Corp.

     2,253         76,129   

Independent Bank Corp.

     1,246         56,942   

Infinity Property & Casualty Corp.

     215         17,342   

Innospec, Inc.

     882         40,563   

Insperity, Inc.

     1,484         114,609   

Interface, Inc.

     700         10,675   

International Bancshares Corp.

     2,881         75,165   

Intersil Corp. Class A

     14,313         193,798   

Interval Leisure Group, Inc.

     4,267         67,845   

Investors Real Estate Trust

     13,431         86,899   

John Bean Technologies Corp.

     535         32,753   

Joy Global, Inc.

     13,039         275,644   

Kaiser Aluminum Corp.

     840         75,944   

Kaman Corp.

     1,568         66,671   

KB Home

     1,160         17,644   

Kindred Healthcare, Inc.

     7,386         83,388   

Knoll, Inc.

     3,105         75,389   

La-Z-Boy, Inc.

     2,043         56,836   

LegacyTexas Financial Group, Inc.

     1,680         45,209   

Lexmark International, Inc. Class A

     7,764         293,091   

LTC Properties, Inc.

     2,797         144,689   

Mack-Cali Realty Corp.

     4,799         129,573   

Matson, Inc.

     2,029         65,516   

Matthews International Corp. Class A

     1,092         60,759   

MDC Holdings, Inc.

     5,415         131,801   

Meredith Corp.

     4,113         213,506   

Methode Electronics, Inc.

     755         25,844   

MGE Energy, Inc.

     2,853         161,237   

Minerals Technologies, Inc.

     504         28,627   

Mobile Mini, Inc.

     2,867         99,313   

Monotype Imaging Holdings, Inc.

     2,043         50,319   

MSA Safety, Inc.

     3,049         160,164   

Mueller Industries, Inc.

     1,973         62,899   

Mueller Water Products, Inc. Class A

     5,751         65,676   

NBT Bancorp, Inc.

     2,559         73,264   

Neenah Paper, Inc.

     952         68,896   

Nelnet, Inc. Class A

     474       $ 16,472   

New York REIT, Inc.

     12,326         114,016   

Nexstar Broadcasting Group, Inc. Class A

     1,330         63,281   

Northwest Bancshares, Inc.

     6,465         95,876   

Northwest Natural Gas Co.

     2,923         189,469   

Old National Bancorp

     6,772         84,853   

Olin Corp.

     9,766         242,587   

Ormat Technologies, Inc.

     448         19,604   

Otter Tail Corp.

     4,435         148,528   

Oxford Industries, Inc.

     456         25,819   

Park National Corp.

     1,050         96,369   

Parkway Properties, Inc.

     8,884         148,629   

Pattern Energy Group, Inc.

     11,039         253,566   

Pennsylvania Real Estate Investment Trust

     5,219         111,948   

Physicians Realty Trust

     5,303         111,416   

Potlatch Corp.

     3,791         129,273   

Power Integrations, Inc.

     1,176         58,882   

Primoris Services Corp.

     715         13,535   

Provident Financial Services, Inc.

     3,399         66,756   

QTS Realty Trust, Inc. Class A

     2,155         120,637   

Quaker Chemical Corp.

     602         53,698   

Ramco-Gershenson Properties Trust

     6,674         130,877   

Renasant Corp.

     1,512         48,883   

Rent-A-Center, Inc.

     5,723         70,278   

Retail Opportunity Investments Corp.

     6,716         145,536   

Rouse Properties, Inc.

     4,547         82,983   

S&T Bancorp, Inc.

     1,470         35,942   

Sabra Health Care REIT, Inc.

     7,302         150,677   

Sanderson Farms, Inc.

     938         81,268   

Saul Centers, Inc.

     1,372         84,666   

Scholastic Corp.

     1,456         57,672   

Schweitzer-Mauduit International, Inc.

     3,371         118,929   

SeaWorld Entertainment, Inc.

     11,333         162,402   

Select Income REIT

     12,572         326,746   

Selective Insurance Group, Inc.

     2,169         82,877   

ServisFirst Bancshares, Inc.

     462         22,818   

Shenandoah Telecommunications Co.

     1,736         67,808   

Simmons First National Corp. Class A

     1,050         48,494   

Simpson Manufacturing Co., Inc.

     2,447         97,807   

Sinclair Broadcast Group, Inc. Class A

     4,533         135,355   

SkyWest, Inc.

     1,156         30,588   

Sonic Corp.

     2,393         64,731   

South Jersey Industries, Inc.

     7,372         233,103   

SpartanNash Co.

     2,295         70,181   

STAG Industrial, Inc.

     7,792         185,528   

Standex International Corp.

     392         32,391   

State Auto Financial Corp.

     971         21,275   

Steelcase, Inc. Class A

     5,779         78,421   

Stepan Co.

     1,078         64,173   

Stewart Information Services Corp.

     377         15,612   

Sturm Ruger & Co., Inc.

     980         62,730   

Summit Hotel Properties, Inc.

     6,157         81,519   

Tahoe Resources, Inc.

     273         4,068   

Tennant Co.

     882         47,513   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      77   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Global SmallCap Dividend Fund (GSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
         

Terreno Realty Corp.

     2,825       $ 73,083   

Tessera Technologies, Inc.

     3,399         104,145   

Tetra Tech, Inc.

     2,169         66,686   

Tootsie Roll Industries, Inc.

     557         21,461   

Towne Bank

     2,295         49,687   

Trustmark Corp.

     4,677         116,223   

U.S. Ecology, Inc.

     899         41,309   

Union Bankshares Corp.

     2,057         50,828   

United Community Banks, Inc.

     500         9,145   

United Fire Group, Inc.

     1,400         59,402   

United States Steel Corp.

     7,316         123,348   

Universal Corp.

     2,517         145,332   

Universal Forest Products, Inc.

     798         73,967   

Universal Insurance Holdings, Inc.

     1,120         20,810   

Vishay Intertechnology, Inc.

     9,024         111,807   

Washington Real Estate Investment Trust

     5,275         165,951   

Watts Water Technologies, Inc. Class A

     1,148         66,882   

WD-40 Co.

     756         88,792   

Weis Markets, Inc.

     2,141         108,228   

WesBanco, Inc.

     1,722         53,468   

Westamerica Bancorporation

     1,582         77,929   

Worthington Industries, Inc.

     4,589         194,115   
     

 

 

 
Total United States               18,357,968   

TOTAL COMMON STOCKS

(Cost: $31,651,392)

              36,567,541   
RIGHTS – 0.0%      
New Zealand – 0.0%      
SKYCITY Entertainment Group Ltd., expiring 7/5/16* (Cost $0)      3,209         411   
WARRANTS – 0.0%      
Thailand – 0.0%      

Banpu PCL, expiring 6/5/17*

(Cost: $0)

     57,200         14,976   
EXCHANGE-TRADED NOTE –0.1%      
United States – 0.1%      

iPath MSCI India Index ETN*

(Cost: $37,286)

     630         40,982   

TOTAL INVESTMENTS IN SECURITIES – 99.7%

(Cost: $31,688,678)

        36,623,910   

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.3%

        92,161   
     

 

 

 
NET ASSETS – 100.0%             $ 36,716,071   
* Non-income producing security.

 

(a) 

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

CVA – Certificaten Van Aandelen (Certificate of Stock)

ETN – Exchange-Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

Reg S – Regulation S provides an exclusion from the registration requirements of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

 

FINANCIAL DERIVATIVE INSTRUMENTS  
FOREIGN CURRENCY CONTRACTS  

Settlement

Date

   Contracts
To Deliver
     In
Exchange For
     Unrealized
Gain (Loss)
 

7/1/2016

     JPY        1,100,000         GBP        7,933       $ (117

7/1/2016

     MXN        7,000         USD        378         (2

7/1/2016

     NOK        5,850         USD        697         (2

7/1/2016

     PLN        2,750         USD        690         (4

7/1/2016

     SGD        1,000         USD        742         (1

7/1/2016

     USD        9,176         GBP        6,800         (86

7/1/2016

     USD        79         GBP        60         1   

7/1/2016

     USD        11,478         SEK        97,250          

7/5/2016

     THB        435,000         USD        12,370         (9
                                       $ (220

 

CURRENCY LEGEND

GBP – British pound

JPY – Japanese yen

MXN – Mexican peso

NOK – Norwegian krone

PLN – Polish zloty

SEK – Swedish krona

SGD – Singapore dollar

THB – Thai baht

USD – U.S. dollar

 

See Notes to Financial Statements.

 

78   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
Brazil – 3.2%      

Embraer S.A.

     8,970       $ 48,997   

Iochpe Maxion S.A.

     9,510         40,667   

JBS S.A.

     24,827         77,494   

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     6,844         58,747   
     

 

 

 
Total Brazil               225,905   
Chile – 0.5%      

Vina Concha y Toro S.A.

     23,076         36,427   
China – 2.6%      

Minth Group Ltd.

     22,000         71,037   

Semiconductor Manufacturing International Corp.*

     423,000         33,805   

WH Group Ltd.(a)

     104,500         81,898   
     

 

 

 
Total China               186,740   
India – 15.3%      

Aurobindo Pharma Ltd.

     3,744         41,187   

Bharat Forge Ltd.

     6,970         78,509   

Cadila Healthcare Ltd.

     19,636         95,482   

Dishman Pharmaceuticals & Chemicals Ltd.

     32,616         67,291   

Dr Reddy’s Laboratories Ltd. ADR

     900         46,107   

Glenmark Pharmaceuticals Ltd.

     6,235         73,814   

Granules India Ltd.

     26,423         54,083   

HCL Technologies Ltd.

     2,665         28,841   

Infosys Ltd. ADR

     3,335         59,530   

Lupin Ltd.

     3,925         89,537   

Mindtree Ltd.

     5,488         54,059   

Strides Shasun Ltd.

     1,113         18,615   

Sun Pharmaceutical Industries Ltd.

     6,212         70,233   

Suven Life Sciences Ltd.

     2,382         7,277   

TAKE Solutions Ltd.

     10,447         27,187   

Tata Consultancy Services Ltd.

     1,480         55,983   

Tata Elxsi Ltd.

     1,547         38,896   

Tata Global Beverages Ltd.

     36,552         71,051   

Tech Mahindra Ltd.

     5,206         39,009   

Wipro Ltd. ADR(b)

     536         6,625   

Wockhardt Ltd.*

     5,011         69,335   
     

 

 

 
Total India               1,092,651   
Malaysia – 3.0%      

Genting Malaysia Bhd

     57,600         63,579   

MISC Bhd

     20,000         37,009   

Supermax Corp. Bhd

     130,100         69,382   

VS Industry Bhd

     157,300         46,041   
     

 

 

 
Total Malaysia               216,011   
Mexico – 6.7%      

Alfa S.A.B. de C.V. Class A

     43,670         74,514   

Controladora Vuela Cia de Aviacion S.A.B. de C.V. Class A*

     28,800         53,606   

Genomma Lab Internacional S.A.B. de C.V. Class B*

     67,600         68,666   

Gruma S.A.B. de C.V. Class B

     6,744         96,430   

Grupo Bimbo S.A.B. de C.V. Series A

     23,865         74,017   

Grupo Comercial Chedraui S.A. de C.V.(b)

     9,191         22,772   

Industrias Bachoco S.A.B. de C.V. Series B

     9,689       39,535   

Nemak S.A.B. de C.V.(a)(b)

     44,900         52,081   
     

 

 

 
Total Mexico               481,621   
Philippines – 1.3%      

International Container Terminal Services, Inc.

     27,610         36,092   

Jollibee Foods Corp.

     10,940         56,272   
     

 

 

 
Total Philippines               92,364   
Poland – 0.3%      

CD Projekt S.A.*

     3,374         23,337   
Singapore – 0.4%      

IGG, Inc.

     70,000         30,317   
South Africa – 0.5%      

DataTec Ltd.

     10,454         31,301   
South Korea – 28.2%      

AeroSpace Technology of Korea, Inc.*

     3,795         70,177   

Chabiotech Co., Ltd.*

     4,289         57,529   

Com2uS Corp.*

     386         44,067   

Dongkuk Structures & Construction Co., Ltd.

     10,579         58,688   

Doosan Corp.

     819         66,268   

Doosan Infracore Co., Ltd.*

     8,457         50,000   

Gamevil, Inc.*

     405         29,816   

Genexine Co., Ltd.*

     867         44,259   

Hankook Tire Co., Ltd.

     2,359         104,448   

Hansae Co., Ltd.

     736         24,089   

Humax Co., Ltd.

     922         10,886   

Hyundai Corp.

     1,290         25,871   

Hyundai Glovis Co., Ltd.

     618         92,015   

Hyundai Merchant Marine Co., Ltd.*

     2,169         27,681   

Hyundai Motor Co.

     1,350         158,810   

i-SENS, Inc.*

     1,863         59,359   

Kia Motors Corp.

     2,662         99,838   

Koh Young Technology, Inc.

     1,047         37,222   

Kumho Tire Co., Inc.*

     7,649         63,418   

LG Electronics, Inc.

     1,891         88,488   

LS Corp.

     1,537         74,858   

NCSoft Corp.

     254         52,042   

Nexen Tire Corp.

     4,187         47,982   

S&T Motiv Co., Ltd.

     980         55,473   

Samick Musical Instruments Co., Ltd.

     12,491         29,605   

Samsung Electronics Co., Ltd.

     351         434,236   

SK Hynix, Inc.

     2,548         71,672   

SL Corp.

     332         4,151   

Sung Kwang Bend Co., Ltd.

     4,208         33,610   
     

 

 

 
Total South Korea               2,016,558   
Taiwan – 35.3%      

Accton Technology Corp.

     44,000         58,923   

Adlink Technology, Inc.

     11,223         23,136   

Advanced Semiconductor Engineering, Inc.

     46,000         52,261   

Advantech Co., Ltd.

     5,000         37,896   

Aerospace Industrial Development Corp.

     26,000         35,463   

Alpha Networks, Inc.

     53,000         30,559   

Asia Optical Co., Inc.*

     33,000         27,109   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      79   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Asustek Computer, Inc.

     7,000       $ 57,612   

Bizlink Holding, Inc.

     10,000         61,068   

Cheng Uei Precision Industry Co., Ltd.

     16,000         20,782   

Chin-Poon Industrial Co., Ltd.

     19,000         40,816   

China Airlines Ltd.*

     226,000         67,886   

CMC Magnetics Corp.*

     95,000         11,073   

Compal Electronics, Inc.

     73,000         45,824   

Cub Elecparts, Inc.

     4,000         44,763   

CyberTAN Technology, Inc.

     58,000         33,712   

Delta Electronics, Inc.*

     14,000         67,702   

Depo Auto Parts Ind Co., Ltd.

     6,000         18,227   

Eclat Textile Co., Ltd.

     5,022         48,338   

Eva Airways Corp.*

     124,000         56,505   

Evergreen Marine Corp. Taiwan Ltd.

     108,000         40,007   

Feng TAY Enterprise Co., Ltd.

     12,000         49,475   

Flytech Technology Co., Ltd.

     8,000         25,295   

General Interface Solution Holding Ltd.

     3,000         7,300   

Getac Technology Corp.

     42,000         29,489   

Global Unichip Corp.

     6,000         13,615   

Hon Hai Precision Industry Co., Ltd.

     50,000         127,871   

Hota Industrial Manufacturing Co., Ltd.

     13,000         60,448   

IEI Integration Corp.

     12,000         14,266   

Inventec Corp.

     38,000         26,917   

Johnson Health Tech Co., Ltd.

     7,000         10,220   

Kenda Rubber Industrial Co., Ltd.

     12,000         19,009   

King Slide Works Co., Ltd.

     5,000         58,433   

Lite-On Technology Corp.

     33,000         45,113   

Makalot Industrial Co., Ltd.

     9,000         41,988   

Micro-Star International Co., Ltd.

     19,000         34,809   

Nan Ya Printed Circuit Board Corp.

     16,000         14,433   

Orient Semiconductor Electronics Ltd.*

     35,000         13,237   

Pegatron Corp.

     15,000         31,526   

Pihsiang Machinery Manufacturing Co., Ltd.

     6,000         12,703   

Posiflex Technology, Inc.

     3,000         14,415   

Pou Chen Corp.

     72,000         96,085   

Primax Electronics Ltd.

     37,000         48,230   

Qisda Corp.

     86,000         30,392   

Quanta Computer, Inc.

     22,000         41,601   

ScinoPharm Taiwan Ltd.

     48,000         64,949   

Sercomm Corp.*

     13,000         29,015   

Siliconware Precision Industries Co., Ltd.

     27,000         40,970   

Taiwan Semiconductor Manufacturing Co., Ltd.

     57,000         287,129   

Tong Hsing Electronic Industries Ltd.

     9,000         31,666   

Tong Yang Industry Co., Ltd.

     63,000         93,351   

TYC Brother Industrial Co., Ltd.

     60,000         48,917   

Visual Photonics Epitaxy Co., Ltd.*

     16,000         24,254   

Vivotek, Inc.

     14,000         37,236   

Wistron NeWeb Corp.

     9,000         22,905   

WUS Printed Circuit Co., Ltd.

     32,000         28,321   

Yang Ming Marine Transport Corp.*

     197,000         47,939   

Zeng Hsing Industrial Co., Ltd.

     3,000         13,903   

Zinwell Corp.

     9,000         11,104   
     

 

 

 
Total Taiwan               2,528,191   
Thailand – 2.1%      

Delta Electronics Thailand PCL NVDR

     13,300       25,832   

KCE Electronics PCL NVDR

     13,600         32,220   

Thai Union Group PCL NVDR

     69,000         43,198   

TTCL PCL NVDR

     78,000         48,611   
     

 

 

 
Total Thailand               149,861   
Turkey – 0.4%      

EGE Endustri VE Ticaret AS

     326         26,868   
TOTAL COMMON STOCKS
(Cost: $6,918,548)
              7,138,152   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%   
United States – 0.6%      

State Street Navigator Securities Lending Prime Portfolio, 0.52%(c)

(Cost: $46,548)(d)

     46,548         46,548   
TOTAL INVESTMENTS IN SECURITIES – 100.4%
(Cost: $6,965,096)
        7,184,700   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.4)%

        (29,121
     

 

 

 
NET ASSETS – 100.0%             $ 7,155,579   
* 

Non-income producing security.

 

(a) 

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

 

(b) 

Security, or portion thereof, was on loan at June 30, 2016 (See Note 2).

 

(c) 

Rate shown represents annualized 7-day yield as of June 30, 2016.

 

(d) 

At June 30, 2016, the total market value of the Fund’s securities on loan was $43,449 and the total market value of the collateral held by the Fund was $46,548.

ADR – American Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

See Notes to Financial Statements.

 

80   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Strong Dollar U.S. Equity Fund (USSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 100.8%      
United States – 100.8%      
Aerospace & Defense – 1.5%      

Huntington Ingalls Industries, Inc.

     44       $ 7,393   

Northrop Grumman Corp.

     31         6,891   

Spirit AeroSystems Holdings, Inc. Class A*

     119         5,117   
     

 

 

 
Total Aerospace & Defense               19,401   
Air Freight & Logistics – 0.6%      

C.H. Robinson Worldwide, Inc.

     101         7,499   
Airlines – 0.9%      

Alaska Air Group, Inc.

     84         4,897   

Southwest Airlines Co.

     163         6,391   
     

 

 

 
Total Airlines               11,288   
Banks – 6.9%      

Bank of America Corp.

     804         10,669   

BB&T Corp.

     154         5,484   

Citizens Financial Group, Inc.

     232         4,635   

Comerica, Inc.

     105         4,319   

Fifth Third Bancorp

     239         4,204   

First Republic Bank

     61         4,269   

Huntington Bancshares, Inc.

     419         3,746   

KeyCorp

     386         4,265   

M&T Bank Corp.

     42         4,966   

PNC Financial Services Group, Inc. (The)

     83         6,755   

Regions Financial Corp.

     562         4,783   

Signature Bank*

     26         3,248   

SunTrust Banks, Inc.

     156         6,409   

U.S. Bancorp

     177         7,138   

Wells Fargo & Co.

     309         14,625   
     

 

 

 
Total Banks               89,515   
Beverages – 1.2%      

Constellation Brands, Inc. Class A

     56         9,262   

Dr. Pepper Snapple Group, Inc.

     66         6,378   
     

 

 

 
Total Beverages               15,640   
Biotechnology – 1.7%      

Incyte Corp.*

     78         6,238   

Medivation, Inc.*

     180         10,854   

United Therapeutics Corp.*

     43         4,555   
     

 

 

 
Total Biotechnology               21,647   
Building Products – 0.4%      

Fortune Brands Home & Security, Inc.

     95         5,507   
Capital Markets – 2.2%      

Ameriprise Financial, Inc.

     41         3,684   

Charles Schwab Corp. (The)

     232         5,872   

E*TRADE Financial Corp.*

     216         5,074   

Raymond James Financial, Inc.

     72         3,549   

SEI Investments Co.

     79         3,801   

T. Rowe Price Group, Inc.

     54         3,940   

TD Ameritrade Holding Corp.

     88         2,506   
     

 

 

 
Total Capital Markets               28,426   
Commercial Services & Supplies – 1.6%      

Cintas Corp.

     41       $ 4,023   

Republic Services, Inc.

     109         5,593   

Rollins, Inc.

     110         3,220   

Waste Management, Inc.

     121         8,019   
     

 

 

 
Total Commercial Services & Supplies               20,855   
Communications Equipment – 0.5%      

Harris Corp.

     71         5,924   
Consumer Finance – 1.4%      

Ally Financial, Inc.*

     159         2,714   

Capital One Financial Corp.

     82         5,208   

Discover Financial Services

     75         4,019   

Synchrony Financial*

     219         5,537   
     

 

 

 
Total Consumer Finance               17,478   
Distributors – 0.4%      

Genuine Parts Co.

     55         5,569   
Diversified Consumer Services – 0.7%      

H&R Block, Inc.

     173         3,979   

ServiceMaster Global Holdings, Inc.*

     125         4,975   
     

 

 

 
Total Diversified Consumer Services               8,954   
Diversified Financial Services – 1.6%      

Berkshire Hathaway, Inc. Class B*

     63         9,122   

CBOE Holdings, Inc.

     74         4,930   

Leucadia National Corp.

     216         3,743   

Voya Financial, Inc.

     103         2,550   
     

 

 

 
Total Diversified Financial Services               20,345   
Diversified Telecommunication Services – 4.5%      

AT&T, Inc.

     490         21,173   

CenturyLink, Inc.

     146         4,236   

Frontier Communications Corp.(a)

     927         4,579   

SBA Communications Corp. Class A*

     35         3,778   

Verizon Communications, Inc.

     343         19,153   

Zayo Group Holdings, Inc.*

     202         5,642   
     

 

 

 
Total Diversified Telecommunication Services               58,561   
Electric Utilities – 6.8%      

Alliant Energy Corp.

     116         4,605   

American Electric Power Co., Inc.

     86         6,028   

Avangrid, Inc.

     59         2,718   

Duke Energy Corp.

     84         7,206   

Edison International

     78         6,058   

Entergy Corp.

     42         3,417   

Eversource Energy

     89         5,331   

Exelon Corp.

     130         4,727   

FirstEnergy Corp.

     120         4,189   

ITC Holdings Corp.

     107         5,010   

NextEra Energy, Inc.

     63         8,215   

PG&E Corp.

     92         5,881   

Pinnacle West Capital Corp.

     73         5,917   

Southern Co. (The)

     146         7,830   

Westar Energy, Inc.

     72         4,038   

Xcel Energy, Inc.

     154         6,896   
     

 

 

 
Total Electric Utilities               88,066   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      81   


Table of Contents

Schedule of Investments (continued)

WisdomTree Strong Dollar U.S. Equity Fund (USSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
Electrical Equipment – 0.6%      

Acuity Brands, Inc.

     19       $ 4,711   

Hubbell, Inc.

     33         3,481   
     

 

 

 
Total Electrical Equipment               8,192   
Electronic Equipment, Instruments & Components – 0.4%      

CDW Corp.

     115         4,609   
Food & Staples Retailing – 2.9%      

CVS Health Corp.

     124         11,872   

Kroger Co. (The)

     172         6,328   

Rite Aid Corp.*

     509         3,812   

Sysco Corp.

     156         7,916   

Whole Foods Market, Inc.

     213         6,820   
     

 

 

 
Total Food & Staples Retailing               36,748   
Food Products – 3.2%      

ConAgra Foods, Inc.

     96         4,590   

Hershey Co. (The)

     49         5,561   

Hormel Foods Corp.

     167         6,112   

J.M. Smucker Co. (The)

     35         5,334   

Pilgrim’s Pride Corp.(a)

     141         3,593   

Pinnacle Foods, Inc.

     106         4,907   

Tyson Foods, Inc. Class A

     80         5,343   

WhiteWave Foods Co. (The)*

     113         5,304   
     

 

 

 
Total Food Products               40,744   
Gas Utilities – 0.9%      

AGL Resources, Inc.

     92         6,069   

Atmos Energy Corp.

     63         5,123   
     

 

 

 
Total Gas Utilities               11,192   
Health Care Equipment & Supplies – 0.6%      

DexCom, Inc.*

     102         8,092   
Health Care Providers & Services – 8.3%      

Aetna, Inc.

     66         8,061   

AmerisourceBergen Corp.

     75         5,949   

Anthem, Inc.

     43         5,648   

Cardinal Health, Inc.

     82         6,397   

Centene Corp.*

     103         7,351   

Cigna Corp.

     45         5,759   

DaVita HealthCare Partners, Inc.*

     106         8,196   

Express Scripts Holding Co.*

     121         9,172   

HCA Holdings, Inc.*

     94         7,239   

Humana, Inc.

     33         5,936   

Laboratory Corp. of America Holdings*

     39         5,080   

MEDNAX, Inc.*

     99         7,170   

Quest Diagnostics, Inc.

     101         8,222   

UnitedHealth Group, Inc.

     88         12,426   

Universal Health Services, Inc. Class B

     37         4,962   
     

 

 

 
Total Health Care Providers & Services               107,568   
Health Care Technology – 1.0%      

athenahealth, Inc.*

     50         6,901   

Cerner Corp.*

     97         5,684   
     

 

 

 
Total Health Care Technology               12,585   
Hotels, Restaurants & Leisure – 1.6%      

Chipotle Mexican Grill, Inc.*

     13       $ 5,236   

Darden Restaurants, Inc.

     94         5,954   

Domino’s Pizza, Inc.

     38         4,992   

Marriott International, Inc. Class A(a)

     72         4,785   
     

 

 

 
Total Hotels, Restaurants & Leisure               20,967   
Household Durables – 1.4%      

D.R. Horton, Inc.

     166         5,226   

Lennar Corp. Class A

     73         3,365   

NVR, Inc.*

     4         7,122   

PulteGroup, Inc.

     139         2,709   
     

 

 

 
Total Household Durables               18,422   
Household Products – 0.9%      

Church & Dwight Co., Inc.

     47         4,836   

Clorox Co. (The)

     48         6,643   
     

 

 

 
Total Household Products               11,479   
Insurance – 4.1%      

Allstate Corp. (The)

     67         4,687   

American Financial Group, Inc.

     41         3,031   

Cincinnati Financial Corp.

     49         3,670   

CNA Financial Corp.

     108         3,393   

FNF Group

     90         3,375   

Hartford Financial Services Group, Inc. (The)

     123         5,459   

Lincoln National Corp.

     105         4,071   

Loews Corp.

     71         2,917   

Principal Financial Group, Inc.

     75         3,083   

Progressive Corp. (The)

     112         3,752   

Torchmark Corp.

     68         4,204   

Travelers Cos., Inc. (The)

     40         4,761   

Unum Group

     110         3,497   

W.R. Berkley Corp.

     38         2,277   
     

 

 

 
Total Insurance               52,177   
Internet Software & Services – 0.4%      

CoStar Group, Inc.*

     24         5,248   
IT Services – 2.5%      

Automatic Data Processing, Inc.

     66         6,064   

Broadridge Financial Solutions, Inc.

     71         4,629   

Fiserv, Inc.*

     51         5,545   

Jack Henry & Associates, Inc.

     63         5,498   

Paychex, Inc.

     92         5,474   

Vantiv, Inc. Class A*

     95         5,377   
     

 

 

 
Total IT Services               32,587   
Media – 4.6%      

CBS Corp. Class B Non-Voting Shares

     135         7,349   

Charter Communications, Inc. Class A*

     55         12,575   

Comcast Corp. Class A

     236         15,385   

DISH Network Corp. Class A*

     125         6,550   

Liberty Braves Group Series C*

     22         323   

Liberty Media Group Series C*

     37         702   

Liberty SiriusXM Group Series C*

     151         4,661   

Scripps Networks Interactive, Inc. Class A

     55         3,425   

 

See Notes to Financial Statements.

 

82   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

WisdomTree Strong Dollar U.S. Equity Fund (USSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  

Sirius XM Holdings, Inc.*(a)

     1,480       $ 5,846   

TEGNA, Inc.

     113         2,618   
     

 

 

 
Total Media               59,434   
Multi-Utilities – 4.6%      

Ameren Corp.

     98         5,251   

CenterPoint Energy, Inc.

     155         3,720   

CMS Energy Corp.

     106         4,861   

Consolidated Edison, Inc.

     86         6,918   

Dominion Resources, Inc.

     88         6,858   

DTE Energy Co.

     51         5,055   

NiSource, Inc.

     220         5,835   

Public Service Enterprise Group, Inc.

     92         4,288   

SCANA Corp.

     65         4,918   

TECO Energy, Inc.

     202         5,583   

WEC Energy Group, Inc.

     90         5,877   
     

 

 

 
Total Multi-Utilities               59,164   
Multiline Retail – 3.1%      

Dollar General Corp.

     91         8,554   

Dollar Tree, Inc.*

     97         9,141   

Kohl’s Corp.

     134         5,081   

Macy’s, Inc.

     160         5,378   

Nordstrom, Inc.(a)

     105         3,995   

Target Corp.

     119         8,309   
     

 

 

 
Total Multiline Retail               40,458   
Professional Services – 0.5%      

Verisk Analytics, Inc.*

     79         6,405   
Real Estate Investment Trusts (REITs) – 9.2%      

Alexandria Real Estate Equities, Inc.

     23         2,381   

American Campus Communities, Inc.

     53         2,802   

Apartment Investment & Management Co. Class A

     63         2,782   

AvalonBay Communities, Inc.

     20         3,608   

Boston Properties, Inc.

     20         2,638   

Brixmor Property Group, Inc.

     118         3,122   

Camden Property Trust

     38         3,360   

Crown Castle International Corp.

     60         6,086   

CubeSmart

     106         3,273   

DDR Corp.

     167         3,029   

Duke Realty Corp.

     127         3,386   

Equity LifeStyle Properties, Inc.

     28         2,241   

Equity Residential

     46         3,169   

Essex Property Trust, Inc.

     14         3,193   

Extra Space Storage, Inc.

     47         4,349   

Federal Realty Investment Trust

     20         3,311   

General Growth Properties, Inc.

     125         3,728   

HCP, Inc.

     78         2,760   

Host Hotels & Resorts, Inc.

     128         2,075   

Kilroy Realty Corp.

     31         2,055   

Kimco Realty Corp.

     112         3,515   

Macerich Co. (The)

     62         5,294   

Mid-America Apartment Communities, Inc.

     40         4,256   

National Retail Properties, Inc.

     61         3,155   

Omega Healthcare Investors, Inc.

     74         2,512   

Public Storage

     20       $ 5,112   

Realty Income Corp.

     54         3,745   

Regency Centers Corp.

     38         3,182   

Simon Property Group, Inc.

     26         5,639   

SL Green Realty Corp.

     23         2,449   

UDR, Inc.

     86         3,175   

Ventas, Inc.

     61         4,442   

VEREIT, Inc.

     301         3,052   

Vornado Realty Trust

     24         2,403   

Welltower, Inc.

     47         3,580   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               118,859   
Road & Rail – 2.5%      

AMERCO

     19         7,116   

CSX Corp.

     160         4,173   

JB Hunt Transport Services, Inc.

     35         2,833   

Norfolk Southern Corp.

     66         5,619   

Old Dominion Freight Line, Inc.*

     53         3,196   

Union Pacific Corp.

     113         9,859   
     

 

 

 
Total Road & Rail               32,796   
Semiconductors & Semiconductor Equipment – 0.3%      

First Solar, Inc.*

     75         3,636   
Software – 1.0%      

Intuit, Inc.

     75         8,371   

Workday, Inc. Class A*

     66         4,928   
     

 

 

 
Total Software               13,299   
Specialty Retail – 7.3%      

Advance Auto Parts, Inc.

     42         6,788   

AutoNation, Inc.*

     74         3,477   

AutoZone, Inc.*

     10         7,938   

Bed Bath & Beyond, Inc.

     102         4,408   

Best Buy Co., Inc.

     216         6,610   

CarMax, Inc.*

     63         3,089   

Home Depot, Inc. (The)

     122         15,578   

L Brands, Inc.

     88         5,907   

Lowe’s Cos., Inc.

     117         9,263   

O’Reilly Automotive, Inc.*

     26         7,049   

Ross Stores, Inc.

     148         8,390   

Tractor Supply Co.

     64         5,836   

Ulta Salon Cosmetics & Fragrance, Inc.*

     38         9,258   
     

 

 

 
Total Specialty Retail               93,591   
Textiles, Apparel & Luxury Goods – 1.2%      

Carter’s, Inc.

     62         6,601   

Hanesbrands, Inc.

     153         3,845   

Under Armour, Inc. Class A*(a)

     69         2,769   

Under Armour, Inc. Class C*

     69         2,529   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               15,744   
Thrifts & Mortgage Finance – 0.3%      

New York Community Bancorp, Inc.

     236         3,538   
Tobacco – 1.7%      

Altria Group, Inc.

     198         13,654   

Reynolds American, Inc.

     155         8,359   
     

 

 

 
Total Tobacco               22,013   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      83   


Table of Contents

Schedule of Investments (concluded)

WisdomTree Strong Dollar U.S. Equity Fund (USSD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
Trading Companies & Distributors – 0.8%      

Fastenal Co.

     87       $ 3,862   

HD Supply Holdings, Inc.*

     176         6,128   
     

 

 

 
Total Trading Companies & Distributors               9,990   
Water Utilities – 0.7%      

American Water Works Co., Inc.

     65         5,493   

Aqua America, Inc.

     106         3,780   
     

 

 

 
Total Water Utilities               9,273   
Wireless Telecommunication Services – 1.3%      

Sprint Corp.*(a)

     1,639         7,425   

T-Mobile U.S., Inc.*

     201         8,697   
     

 

 

 
Total Wireless Telecommunication Services               16,122   
TOTAL COMMON STOCKS
(Cost: $1,237,965)
              1,299,607   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.8%   
United States – 1.8%      

State Street Navigator Securities Lending Prime Portfolio, 0.52%(b)

(Cost: $23,876)(c)

     23,876         23,876   
TOTAL INVESTMENTS IN SECURITIES – 102.6%
(Cost: $1,261,841)
        1,323,483   

Liabilities in Excess of Cash and Other Assets – (2.6)%

        (34,165
     

 

 

 
NET ASSETS – 100.0%             $ 1,289,318   
* Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2016 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2016.

 

(c) 

At June 30, 2016, the total market value of the Fund’s securities on loan was $29,592 and the total market value of the collateral held by the Fund was $30,630. The total market value of the collateral includes non-cash U.S. Government securities collateral having a value of $6,754.

 

See Notes to Financial Statements.

 

84   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

WisdomTree Weak Dollar U.S. Equity Fund (USWD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 2.0%      

Boeing Co. (The)

     59       $ 7,663   

Honeywell International, Inc.

     76         8,840   

United Technologies Corp.

     73         7,486   
     

 

 

 
Total Aerospace & Defense               23,989   
Air Freight & Logistics – 0.4%      

Expeditors International of Washington, Inc.

     98         4,806   
Airlines – 0.3%      

United Continental Holdings, Inc.*

     91         3,735   
Auto Components – 2.1%      

BorgWarner, Inc.

     205         6,052   

Goodyear Tire & Rubber Co. (The)

     175         4,490   

Johnson Controls, Inc.

     187         8,277   

Lear Corp.

     59         6,004   
     

 

 

 
Total Auto Components               24,823   
Automobiles – 0.9%      

Ford Motor Co.

     587         7,378   

Tesla Motors, Inc.*(a)

     17         3,609   
     

 

 

 
Total Automobiles               10,987   
Banks – 0.9%      

CIT Group, Inc.

     97         3,095   

Citigroup, Inc.

     170         7,207   
     

 

 

 
Total Banks               10,302   
Beverages – 3.0%      

Brown-Forman Corp. Class B

     66         6,584   

Coca-Cola Co. (The)

     282         12,783   

Molson Coors Brewing Co. Class B

     46         4,652   

PepsiCo, Inc.

     117         12,395   
     

 

 

 
Total Beverages               36,414   
Biotechnology – 2.0%      

AbbVie, Inc.

     119         7,367   

Alexion Pharmaceuticals, Inc.*

     29         3,386   

BioMarin Pharmaceutical, Inc.*

     39         3,034   

Celgene Corp.*

     69         6,806   

OPKO Health, Inc.*(a)

     431         4,026   
     

 

 

 
Total Biotechnology               24,619   
Capital Markets – 1.9%      

BlackRock, Inc.

     22         7,536   

Franklin Resources, Inc.

     156         5,206   

Goldman Sachs Group, Inc. (The)

     37         5,497   

Morgan Stanley

     202         5,248   
     

 

 

 
Total Capital Markets               23,487   
Chemicals – 7.9%      

Air Products & Chemicals, Inc.

     54         7,670   

Albemarle Corp.

     107         8,486   

Ashland, Inc.

     36         4,132   

Celanese Corp. Series A

     62         4,058   

Dow Chemical Co. (The)

     173         8,600   

E.I. du Pont de Nemours & Co.

     82       5,314   

Eastman Chemical Co.

     79         5,364   

Ecolab, Inc.

     72         8,539   

FMC Corp.

     151         6,993   

International Flavors & Fragrances, Inc.

     34         4,286   

Monsanto Co.

     72         7,445   

Mosaic Co. (The)

     220         5,760   

PPG Industries, Inc.

     38         3,958   

Praxair, Inc.

     67         7,530   

Valspar Corp. (The)

     72         7,778   
     

 

 

 
Total Chemicals               95,913   
Communications Equipment – 1.6%      

Cisco Systems, Inc.

     305         8,751   

F5 Networks, Inc.*

     42         4,781   

Juniper Networks, Inc.

     137         3,081   

Motorola Solutions, Inc.

     43         2,837   
     

 

 

 
Total Communications Equipment               19,450   
Construction & Engineering – 0.5%      

Fluor Corp.

     117         5,766   
Containers & Packaging – 1.9%      

Avery Dennison Corp.

     72         5,382   

Ball Corp.

     79         5,711   

Crown Holdings, Inc.*

     144         7,296   

Sealed Air Corp.

     110         5,057   
     

 

 

 
Total Containers & Packaging               23,446   
Diversified Financial Services – 1.5%      

Intercontinental Exchange, Inc.

     16         4,095   

Moody’s Corp.

     51         4,779   

MSCI, Inc.

     55         4,242   

S&P Global, Inc.

     51         5,470   
     

 

 

 
Total Diversified Financial Services               18,586   
Electrical Equipment – 1.5%      

AMETEK, Inc.

     91         4,207   

Emerson Electric Co.

     133         6,937   

Rockwell Automation, Inc.

     65         7,464   
     

 

 

 
Total Electrical Equipment               18,608   
Electronic Equipment, Instruments & Components – 2.4%   

Amphenol Corp. Class A

     92         5,274   

Arrow Electronics, Inc.*

     91         5,633   

Avnet, Inc.

     117         4,740   

Corning, Inc.

     243         4,976   

Ingram Micro, Inc. Class A

     128         4,452   

Trimble Navigation Ltd.*

     150         3,654   
     

 

 

 
Total Electronic Equipment, Instruments & Components         28,729   
Energy Equipment & Services – 1.8%      

Baker Hughes, Inc.

     139         6,273   

FMC Technologies, Inc.*

     176         4,694   

Halliburton Co.

     146         6,612   

National Oilwell Varco, Inc.

     118         3,971   
     

 

 

 
Total Energy Equipment & Services               21,550   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      85   


Table of Contents

Schedule of Investments (continued)

WisdomTree Weak Dollar U.S. Equity Fund (USWD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
Food Products – 2.6%      

Archer-Daniels-Midland Co.

     186       $ 7,978   

Ingredion, Inc.

     45         5,823   

McCormick & Co., Inc. Non-Voting Shares

     48         5,120   

Mead Johnson Nutrition Co.

     56         5,082   

Mondelez International, Inc. Class A

     163         7,418   
     

 

 

 
Total Food Products               31,421   
Health Care Equipment & Supplies – 4.8%      

Abbott Laboratories

     161         6,329   

Baxter International, Inc.

     100         4,522   

Becton, Dickinson and Co.

     29         4,918   

Boston Scientific Corp.*

     251         5,866   

Cooper Cos., Inc. (The)

     19         3,260   

DENTSPLY SIRONA, Inc.

     93         5,770   

Edwards Lifesciences Corp.*

     47         4,687   

ResMed, Inc.

     52         3,288   

St. Jude Medical, Inc.

     77         6,006   

Teleflex, Inc.

     31         5,497   

Varian Medical Systems, Inc.*

     46         3,782   

Zimmer Biomet Holdings, Inc.

     39         4,695   
     

 

 

 
Total Health Care Equipment & Supplies               58,620   
Health Care Technology – 0.3%      

IMS Health Holdings, Inc.*

     148         3,753   
Hotels, Restaurants & Leisure – 2.3%      

Interval Leisure Group, Inc.

     27         429   

Las Vegas Sands Corp.

     105         4,567   

McDonald’s Corp.

     56         6,739   

Starwood Hotels & Resorts Worldwide, Inc.

     64         4,733   

Wynn Resorts Ltd.(a)

     63         5,710   

Yum! Brands, Inc.

     67         5,556   
     

 

 

 
Total Hotels, Restaurants & Leisure               27,734   
Household Durables – 1.0%      

Harman International Industries, Inc.

     70         5,027   

Whirlpool Corp.

     43         7,166   
     

 

 

 
Total Household Durables               12,193   
Household Products – 2.5%      

Colgate-Palmolive Co.

     116         8,491   

Kimberly-Clark Corp.

     59         8,112   

Procter & Gamble Co. (The)

     160         13,547   
     

 

 

 
Total Household Products               30,150   
Independent Power & Renewable Electricity Producers – 0.7%   

AES Corp.

     651         8,124   
Industrial Conglomerates – 2.5%      

3M Co.

     56         9,807   

Danaher Corp.

     65         6,565   

General Electric Co.

     433         13,631   
     

 

 

 
Total Industrial Conglomerates               30,003   
Insurance – 1.5%      

Aflac, Inc.

     94         6,783   

Marsh & McLennan Cos., Inc.

     113         7,736   

Reinsurance Group of America, Inc.

     36         3,492   
     

 

 

 
Total Insurance               18,011   
Internet & Catalog Retail – 1.4%      

Expedia, Inc.

     46       4,890   

Priceline Group, Inc. (The)*

     5         6,242   

TripAdvisor, Inc.*

     83         5,337   
     

 

 

 
Total Internet & Catalog Retail               16,469   
Internet Software & Services – 1.9%      

Alphabet, Inc. Class A*

     12         8,442   

eBay, Inc.*

     136         3,184   

Facebook, Inc. Class A*

     96         10,971   
     

 

 

 
Total Internet Software & Services               22,597   
IT Services – 3.7%      

Gartner, Inc.*

     52         5,065   

Global Payments, Inc.

     74         5,282   

International Business Machines Corp.

     66         10,017   

MasterCard, Inc. Class A

     71         6,252   

PayPal Holdings, Inc.*

     103         3,761   

Sabre Corp.

     114         3,054   

Visa, Inc. Class A

     97         7,195   

Western Union Co. (The)

     218         4,181   
     

 

 

 
Total IT Services               44,807   
Leisure Products – 0.7%      

Hasbro, Inc.

     44         3,696   

Mattel, Inc.

     156         4,881   
     

 

 

 
Total Leisure Products               8,577   
Life Sciences Tools & Services – 2.4%      

Agilent Technologies, Inc.

     116         5,146   

Illumina, Inc.*

     22         3,088   

Mettler-Toledo International, Inc.*

     11         4,014   

PerkinElmer, Inc.

     78         4,089   

Quintiles Transnational Holdings, Inc.*

     45         2,939   

Thermo Fisher Scientific, Inc.

     41         6,058   

Waters Corp.*

     29         4,079   
     

 

 

 
Total Life Sciences Tools & Services               29,413   
Machinery – 6.3%      

Caterpillar, Inc.

     115         8,718   

Cummins, Inc.

     43         4,835   

Deere & Co.

     50         4,052   

Flowserve Corp.

     153         6,911   

IDEX Corp.

     91         7,471   

Illinois Tool Works, Inc.

     65         6,771   

PACCAR, Inc.

     105         5,446   

Parker-Hannifin Corp.

     62         6,699   

Stanley Black & Decker, Inc.

     56         6,228   

WABCO Holdings, Inc.*

     63         5,769   

Wabtec Corp.

     85         5,970   

Xylem, Inc.

     169         7,546   
     

 

 

 
Total Machinery               76,416   
Media – 1.4%      

Discovery Communications, Inc. Class C*

     123         2,933   

Interpublic Group of Cos., Inc. (The)

     261         6,029   

Omnicom Group, Inc.

     91         7,416   
     

 

 

 
Total Media               16,378   

 

See Notes to Financial Statements.

 

86   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (concluded)

WisdomTree Weak Dollar U.S. Equity Fund (USWD)

June 30, 2016

 

  

 

 

Investments    Shares      Value  
Metals & Mining – 2.2%      

Alcoa, Inc.

     746       $ 6,915   

Freeport-McMoRan, Inc.

     776         8,645   

Newmont Mining Corp.

     277         10,836   
     

 

 

 
Total Metals & Mining               26,396   
Oil, Gas & Consumable Fuels – 4.6%      

Apache Corp.

     98         5,456   

Chevron Corp.

     123         12,894   

ConocoPhillips

     141         6,147   

Exxon Mobil Corp.

     212         19,873   

Hess Corp.

     88         5,289   

Spectra Energy Corp.

     176         6,447   
     

 

 

 
Total Oil, Gas & Consumable Fuels               56,106   
Personal Products – 0.5%      

Estee Lauder Cos., Inc. (The) Class A

     61         5,552   
Pharmaceuticals – 4.9%      

Bristol-Myers Squibb Co.

     113         8,311   

Eli Lilly & Co.

     87         6,851   

Johnson & Johnson

     148         17,952   

Merck & Co., Inc.

     190         10,946   

Pfizer, Inc.

     327         11,514   

Zoetis, Inc.

     87         4,129   
     

 

 

 
Total Pharmaceuticals               59,703   
Professional Services – 0.4%      

ManpowerGroup, Inc.

     75         4,825   
Real Estate Investment Trusts (REITs) – 0.4%      

Equinix, Inc.

     11         4,265   
Real Estate Management & Development – 0.4%      

CBRE Group, Inc. Class A*

     198         5,243   
Road & Rail – 0.3%      

Kansas City Southern

     45         4,054   
Semiconductors & Semiconductor Equipment – 5.9%      

Analog Devices, Inc.

     61         3,455   

Applied Materials, Inc.

     230         5,513   

Intel Corp.

     241         7,905   

KLA-Tencor Corp.

     48         3,516   

Lam Research Corp.

     46         3,867   

Linear Technology Corp.

     97         4,513   

Maxim Integrated Products, Inc.

     119         4,247   

Microchip Technology, Inc.

     97         4,924   

Micron Technology, Inc.*

     309         4,252   

NVIDIA Corp.

     97         4,560   

Qorvo, Inc.*

     52         2,874   

QUALCOMM, Inc.

     157         8,410   

Skyworks Solutions, Inc.

     41         2,594   

Texas Instruments, Inc.

     87         5,451   

Xilinx, Inc.

     109         5,028   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               71,109   
Software – 5.6%      

Activision Blizzard, Inc.

     103         4,082   

Adobe Systems, Inc.*

     46         4,406   

ANSYS, Inc.*

     57       5,173   

Autodesk, Inc.*

     69         3,736   

Cadence Design Systems, Inc.*

     142         3,451   

Citrix Systems, Inc.*

     55         4,405   

Electronic Arts, Inc.*

     51         3,864   

Microsoft Corp.

     302         15,453   

Oracle Corp.

     205         8,391   

Red Hat, Inc.*

     51         3,703   

Symantec Corp.

     227         4,662   

Synopsys, Inc.*

     66         3,569   

VMware, Inc. Class A*(a)

     61         3,490   
     

 

 

 
Total Software               68,385   
Specialty Retail – 0.2%      

Tiffany & Co.

     49         2,971   
Technology Hardware, Storage & Peripherals – 3.7%      

Apple, Inc.

     198         18,929   

EMC Corp.

     298         8,096   

HP, Inc.

     502         6,300   

NetApp, Inc.

     230         5,656   

Western Digital Corp.

     122         5,766   
     

 

 

 
Total Technology Hardware, Storage & Peripherals               44,747   
Textiles, Apparel & Luxury Goods – 1.1%      

Coach, Inc.

     93         3,789   

NIKE, Inc. Class B

     98         5,409   

PVH Corp.

     47         4,429   
     

 

 

 
Total Textiles, Apparel & Luxury Goods               13,627   
Tobacco – 1.1%      

Philip Morris International, Inc.

     127         12,918   
TOTAL COMMON STOCKS
(Cost: $1,218,821)
              1,209,777   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.3%   
United States – 1.3%      

State Street Navigator Securities Lending Prime Portfolio, 0.52%(b)

(Cost: $15,797)(c)

     15,797         15,797   
TOTAL INVESTMENTS IN SECURITIES – 101.2%
(Cost: $1,234,618)
        1,225,574   

Liabilities in Excess of Cash and Other Assets – (1.2)%

        (14,089
     

 

 

 
NET ASSETS – 100.0%             $ 1,211,485   
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at June 30, 2016 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of June 30, 2016.

 

(c) 

At June 30, 2016, the total market value of the Fund’s securities on loan was $15,389 and the total market value of the collateral held by the Fund was $15,797.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      87   


Table of Contents

Schedule of Investments

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

June 30, 2016

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 98.8%      
United States – 98.8%      

21st Century Fox America, Inc.
5.40%, 10/1/43

   $ 75,000       $ 87,446   

ABB Finance USA, Inc.
2.88%, 5/8/22

     63,000         65,687   

AbbVie, Inc.
1.75%, 11/6/17

     141,000         141,879   

Aetna, Inc.
3.20%, 6/15/26

     69,000         71,137   

American International Group, Inc.
4.50%, 7/16/44

     43,000         41,763   

Amgen, Inc.
5.15%, 11/15/41

     61,000         69,676   

Apple, Inc.

     

2.25%, 2/23/21

     51,000         52,507   

3.85%, 5/4/43

     69,000         69,451   

AT&T, Inc.
6.50%, 9/1/37

     107,000         132,602   

Bank of America Corp.
5.00%, 1/21/44

     108,000         125,416   

Bear Stearns Cos. LLC (The)
6.40%, 10/2/17

     147,000         156,207   

Becton Dickinson and Co.
1.80%, 12/15/17

     161,000         162,374   

Berkshire Hathaway Energy Co.
6.13%, 4/1/36

     73,000         97,106   

Berkshire Hathaway Finance Corp.
5.40%, 5/15/18

     79,000         85,466   

Caterpillar, Inc.
3.80%, 8/15/42

     65,000         66,398   

Celgene Corp.
2.88%, 8/15/20

     74,000         76,600   

Chevron Corp.
2.36%, 12/5/22

     124,000         125,972   

Citigroup, Inc.

     

2.05%, 12/7/18

     91,000         91,777   

5.50%, 9/13/25

     134,000         150,481   

Comcast Corp.
4.65%, 7/15/42

     70,000         80,517   

ConocoPhillips
6.50%, 2/1/39

     51,000         66,021   

CVS Health Corp.
4.88%, 7/20/35

     60,000         71,863   

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

     147,000         161,458   

EI du Pont de Nemours & Co.
2.80%, 2/15/23

     88,000         90,395   

EMC Corp.
1.88%, 6/1/18

     64,000         62,742   

Halliburton Co.
3.50%, 8/1/23

     141,000         146,476   

Home Depot, Inc. (The)
2.25%, 9/10/18

     158,000         162,750   

HSBC USA, Inc.
1.63%, 1/16/18

     114,000         113,822   

International Business Machines Corp.
4.00%, 6/20/42

   64,000       67,947   

JPMorgan Chase & Co.
5.63%, 8/16/43

     51,000         59,766   

Lockheed Martin Corp.
4.07%, 12/15/42

     66,000         70,552   

McKesson Corp.
3.80%, 3/15/24

     113,000         122,544   

Morgan Stanley
4.88%, 11/1/22

     148,000         162,290   

Mylan N.V.
3.95%, 6/15/26(a)

     30,000         30,422   

Northrop Grumman Corp.
3.25%, 8/1/23

     84,000         90,282   

Occidental Petroleum Corp.
4.10%, 2/1/21, Series 1

     114,000         124,866   

Oracle Corp.
4.30%, 7/8/34

     71,000         75,651   

Pacific Gas & Electric Co.
6.05%, 3/1/34

     68,000         90,869   

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

     124,000         126,992   

Philip Morris International, Inc.
5.65%, 5/16/18

     104,000         113,008   

Synchrony Financial
2.70%, 2/3/20

     110,000         110,392   

Time Warner, Inc.

     

4.88%, 3/15/20

     76,000         84,493   

3.60%, 7/15/25

     157,000         166,442   

Tyson Foods, Inc.
3.95%, 8/15/24

     89,000         96,234   

United Technologies Corp.
4.50%, 6/1/42

     61,000         70,032   

Verizon Communications, Inc.

     

4.15%, 3/15/24

     100,000         110,495   

4.40%, 11/1/34

     156,000         161,357   

Wachovia Corp.
5.75%, 2/1/18

     150,000         160,571   

Wal-Mart Stores, Inc.
5.25%, 9/1/35

     66,000         86,867   
TOTAL INVESTMENTS IN SECURITIES – 98.8%
(Cost: $4,938,847)
        5,008,061   

Cash and Other Assets in Excess of Liabilities – 1.2%

  

     60,948   
     

 

 

 
NET ASSETS – 100.0%             $ 5,069,009   
(a) 

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

 

See Notes to Financial Statements.

 

88   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

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

June 30, 2016

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 97.0%      
United States – 97.0%      

ADT Corp. (The)
4.13%, 6/15/23

   $ 124,000       $ 116,715   

AECOM
5.75%, 10/15/22

     63,000         64,575   

Alcoa, Inc.
6.15%, 8/15/20

     145,000         157,506   

AmeriGas Finance LLC
7.00%, 5/20/22

     142,000         150,608   

Ashland, Inc.
4.75%, 8/15/22

     89,000         88,889   

Cablevision Systems Corp.
7.75%, 4/15/18

     138,000         148,091   

California Resources Corp.
6.00%, 11/15/24

     214,000         105,395   

Calpine Corp.
5.75%, 1/15/25

     113,000         110,316   

CCO Holdings LLC
5.25%, 3/15/21

     134,000         139,261   

Centene Corp.
5.63%, 2/15/21(a)

     146,000         152,570   

CenturyLink, Inc.

     

5.80%, 3/15/22, Series T

     73,000         71,152   

6.75%, 12/1/23, Series W

     143,000         141,034   

CommScope Technologies Finance LLC
6.00%, 6/15/25(a)

     65,000         66,950   

Community Health Systems, Inc.

     

5.13%, 8/15/18

     151,000         153,360   

7.13%, 7/15/20

     78,000         72,703   

Cott Beverages, Inc.
6.75%, 1/1/20

     59,000         61,729   

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

     125,000         131,250   

DISH DBS Corp.

     

7.88%, 9/1/19

     105,000         116,025   

5.00%, 3/15/23

     76,000         69,350   

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

     100,000         96,500   

First Data Corp.
7.00%, 12/1/23(a)

     146,000         148,372   

Frontier Communications Corp.
6.88%, 1/15/25

     146,000         123,096   

Gray Television, Inc.
7.50%, 10/1/20

     86,000         90,085   

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

     147,000         151,042   

HRG Group, Inc.
7.75%, 1/15/22

     96,000         95,939   

Iron Mountain, Inc.
6.00%, 8/15/23

     62,000         65,565   

Kindred Healthcare, Inc.
8.75%, 1/15/23

     76,000         75,288   

KLX, Inc.
5.88%, 12/1/22(a)

     72,000         70,920   

L Brands, Inc.
6.63%, 4/1/21

   $ 136,000       $ 153,680   

MGM Resorts International
7.75%, 3/15/22

     137,000         155,324   

Micron Technology, Inc.
5.25%, 8/1/23(a)

     98,000         84,035   

Navient Corp.
6.13%, 3/25/24

     122,000         107,665   

Nielsen Finance LLC
5.00%, 4/15/22(a)

     120,000         122,850   

OneMain Financial Holdings LLC
6.75%, 12/15/19(a)

     69,000         67,534   

Platform Specialty Products Corp.
6.50%, 2/1/22(a)

     83,000         73,040   

Post Holdings, Inc.
6.00%, 12/15/22(a)

     105,000         108,019   

Regal Entertainment Group
5.75%, 3/15/22

     105,000         107,887   

Rite Aid Corp.
6.75%, 6/15/21

     75,000         78,951   

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

     106,000         86,655   

Springleaf Finance Corp.
7.75%, 10/1/21

     60,000         57,975   

Sprint Corp.
7.63%, 2/15/25

     111,000         88,384   

T-Mobile USA, Inc.

     

6.00%, 3/1/23

     89,000         92,449   

6.63%, 4/1/23

     69,000         73,356   

TreeHouse Foods, Inc.
6.00%, 2/15/24(a)

     69,000         73,485   

Vulcan Materials Co.
7.50%, 6/15/21

     76,000         91,679   

Western Digital Corp.
10.50%, 4/1/24(a)

     120,000         128,700   

Windstream Services LLC
7.75%, 10/1/21

     110,000         104,225   
TOTAL INVESTMENTS IN SECURITIES – 97.0%
(Cost: $4,850,516)
        4,890,179   

Cash and Other Assets in Excess of Liabilities – 3.0%

        150,788   
     

 

 

 
NET ASSETS – 100.0%             $ 5,040,967   
(a) 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      89   


Table of Contents

Schedule of Investments

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

June 30, 2016

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 99.0%      
United States – 99.0%      

Abbott Laboratories
2.00%, 3/15/20

   $ 60,000       $ 60,871   

AbbVie, Inc.
1.75%, 11/6/17

     300,000         301,871   

Altria Group, Inc.
9.25%, 8/6/19

     83,000         102,396   

American Express Credit Corp.

     

2.38%, 3/24/17

     114,000         115,126   

1.13%, 6/5/17

     146,000         146,000   

American International Group, Inc.
3.30%, 3/1/21

     86,000         88,941   

Apple, Inc.
2.25%, 2/23/21

     63,000         64,861   

AT&T, Inc.

     

5.50%, 2/1/18

     149,000         158,650   

2.30%, 3/11/19

     59,000         60,295   

Bank of America Corp.

     

6.88%, 4/25/18

     96,000         104,853   

7.63%, 6/1/19

     115,000         133,193   

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

     89,000         90,460   

Celgene Corp.
2.30%, 8/15/18

     73,000         74,377   

Chevron Corp.

     

1.35%, 11/15/17

     79,000         79,428   

1.96%, 3/3/20

     71,000         71,946   

Cisco Systems, Inc.
2.13%, 3/1/19

     62,000         63,703   

Citigroup, Inc.

     

1.75%, 5/1/18

     107,000         107,518   

2.05%, 12/7/18

     61,000         61,521   

2.65%, 10/26/20

     72,000         73,343   

ConocoPhillips
5.75%, 2/1/19

     92,000         101,276   

Consolidated Edison, Inc.
2.00%, 5/15/21

     75,000         75,873   

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

     120,000         125,069   

Dow Chemical Co. (The)
4.25%, 11/15/20

     79,000         86,514   

EI du Pont de Nemours & Co.
6.00%, 7/15/18

     94,000         103,012   

EMC Corp.
1.88%, 6/1/18

     86,000         84,310   

Exxon Mobil Corp.
1.82%, 3/15/19

     62,000         63,201   

Fidelity National Information Services, Inc.
3.63%, 10/15/20

     69,000         73,012   

General Mills, Inc.
5.65%, 2/15/19

     67,000         74,516   

HSBC USA, Inc.
1.63%, 1/16/18

     161,000         160,749   

International Business Machines Corp.
5.70%, 9/14/17

     151,000         159,542   

JPMorgan Chase & Co.

     

1.70%, 3/1/18, Series H

   93,000       93,537   

2.75%, 6/23/20

     69,000         71,139   

4.40%, 7/22/20

     71,000         77,524   

Kraft Heinz Foods Co.
6.13%, 8/23/18

     81,000         88,875   

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

     155,000         160,102   

McKesson Corp.
2.28%, 3/15/19

     115,000         117,658   

Medco Health Solutions, Inc.
7.13%, 3/15/18

     49,000         53,518   

PepsiCo, Inc.
7.90%, 11/1/18

     48,000         55,535   

Reynolds American, Inc.
2.30%, 6/12/18

     98,000         99,619   

Stryker Corp.
1.30%, 4/1/18

     144,000         144,097   

SunTrust Banks, Inc.
2.35%, 11/1/18

     98,000         99,581   

Synchrony Financial
2.70%, 2/3/20

     95,000         95,339   

Time Warner, Inc.
4.88%, 3/15/20

     16,000         17,788   

United Technologies Corp.
6.13%, 2/1/19

     142,000         159,706   

UnitedHealth Group, Inc.
1.90%, 7/16/18

     79,000         80,386   

Verizon Communications, Inc.
4.50%, 9/15/20

     135,000         149,989   

Wachovia Corp.
5.75%, 6/15/17

     102,000         106,403   

Walgreens Boots Alliance, Inc.
2.70%, 11/18/19

     97,000         100,299   

Wells Fargo & Co.
1.40%, 9/8/17

     132,000         132,429   
TOTAL INVESTMENTS IN SECURITIES – 99.0%
(Cost: $4,951,015)
        4,969,951   

Cash and Other Assets in Excess of Liabilities – 1.0%

  

     49,959   
     

 

 

 
NET ASSETS – 100.0%             $ 5,019,910   

 

See Notes to Financial Statements.

 

90   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

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

June 30, 2016

 

  

 

 

Investments    Principal
Amount
     Value  
CORPORATE BONDS – 96.2%      
United States – 96.2%      

ACCO Brands Corp.
6.75%, 4/30/20

   $ 101,000       $ 107,439   

Alcoa, Inc.
6.15%, 8/15/20

     141,000         153,161   

Ashland, Inc.
3.88%, 4/15/18

     62,000         63,472   

Cablevision Systems Corp.

     

8.63%, 9/15/17

     41,000         43,358   

8.00%, 4/15/20

     69,000         70,933   

Case New Holland Industrial, Inc.
7.88%, 12/1/17

     79,000         85,320   

Centene Corp.
5.63%, 2/15/21(a)

     143,000         149,435   

CenturyLink, Inc.
5.63%, 4/1/20, Series V

     97,000         101,001   

Cenveo Corp.
6.00%, 8/1/19(a)

     59,000         49,265   

Clear Channel Worldwide Holdings, Inc.
7.63%, 3/15/20, Series B

     23,000         22,000   

Cliffs Natural Resources, Inc.
8.25%, 3/31/20(a)

     120,000         120,600   

CNH Industrial Capital LLC
3.38%, 7/15/19

     153,000         150,322   

Community Health Systems, Inc.

     

5.13%, 8/15/18

     103,000         104,610   

8.00%, 11/15/19

     65,000         63,944   

7.13%, 7/15/20

     77,000         71,771   

Cott Beverages, Inc.
6.75%, 1/1/20

     114,000         119,272   

CSC Holdings LLC
8.63%, 2/15/19

     50,000         55,281   

DCP Midstream Operating L.P.
2.50%, 12/1/17

     154,000         150,920   

DISH DBS Corp.

     

4.25%, 4/1/18

     126,000         128,835   

7.88%, 9/1/19

     77,000         85,085   

Eagle Spinco, Inc.
4.63%, 2/15/21

     55,000         56,513   

Frontier Communications Corp.

     

8.50%, 4/15/20

     62,000         66,030   

8.88%, 9/15/20

     142,000         152,117   

GLP Capital L.P.
4.38%, 11/1/18

     139,000         143,344   

Gray Television, Inc.
7.50%, 10/1/20

     144,000         150,840   

Harsco Corp.
5.75%, 5/15/18

     137,000         129,807   

HCA, Inc.
8.00%, 10/1/18

     134,000         149,745   

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

     140,000         147,175   

Huntsman International LLC
4.88%, 11/15/20

     92,000         92,920   

iHeartCommunications, Inc.
10.00%, 1/15/18

   200,000       104,000   

Iron Mountain, Inc.
6.00%, 10/1/20(a)

     43,000         45,096   

KCG Holdings, Inc.
6.88%, 3/15/20(a)

     100,000         90,750   

MGM Resorts International

     

8.63%, 2/1/19

     69,000         77,832   

6.75%, 10/1/20

     112,000         122,920   

Michaels Stores, Inc.
5.88%, 12/15/20(a)

     122,000         126,727   

Nationstar Mortgage LLC
6.50%, 8/1/18

     154,000         149,572   

Navient Corp.

     

4.88%, 6/17/19

     47,000         45,473   

8.00%, 3/25/20

     145,000         148,535   

Nielsen Finance LLC
4.50%, 10/1/20

     33,000         33,743   

OneMain Financial Holdings LLC
6.75%, 12/15/19(a)

     73,000         71,449   

SBA Telecommunications, Inc.
5.75%, 7/15/20

     65,000         67,112   

Six Flags Entertainment Corp.
5.25%, 1/15/21(a)

     85,000         88,081   

Springleaf Finance Corp.
5.25%, 12/15/19

     96,000         89,760   

Sprint Communications, Inc.

     

9.00%, 11/15/18(a)

     137,000         146,419   

7.00%, 8/15/20

     72,000         64,440   

T-Mobile USA, Inc.
6.54%, 4/28/20

     145,000         149,533   

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

     148,000         151,330   

Vector Group Ltd.
7.75%, 2/15/21

     79,000         82,654   
TOTAL INVESTMENTS IN SECURITIES – 96.2%
(Cost: $4,809,766)
        4,839,941   

Cash and Other Assets in Excess of Liabilities – 3.8%

  

     191,694   
     

 

 

 
NET ASSETS – 100.0%             $ 5,031,635   
(a) 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      91   


Table of Contents

Schedule of Investments

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

June 30, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.7%      
United States – 99.7%      
Aerospace & Defense – 2.6%      

Boeing Co. (The)

     480       $ 62,337   

Lockheed Martin Corp.

     875         217,149   
     

 

 

 
Total Aerospace & Defense               279,486   
Air Freight & Logistics – 4.6%      

C.H. Robinson Worldwide, Inc.

     3,411         253,267   

Expeditors International of Washington, Inc.

     2,763         135,497   

United Parcel Service, Inc. Class B

     1,068         115,045   
     

 

 

 
Total Air Freight & Logistics               503,809   
Automobiles – 1.7%      

Ford Motor Co.

     6,852         86,130   

Harley-Davidson, Inc.

     2,301         104,235   
     

 

 

 
Total Automobiles               190,365   
Banks – 2.0%      

Fifth Third Bancorp

     5,372         94,493   

JPMorgan Chase & Co.

     2,021         125,585   
     

 

 

 
Total Banks               220,078   
Beverages – 0.8%      

Brown-Forman Corp. Class B

     907         90,482   
Biotechnology – 0.4%      

Amgen, Inc.

     301         45,797   
Chemicals – 1.0%      

Westlake Chemical Corp.

     2,413         103,566   
Communications Equipment – 3.6%      

Arista Networks, Inc.*

     1,508         97,085   

Brocade Communications Systems, Inc.

     12,790         117,412   

Cisco Systems, Inc.

     3,502         100,473   

Juniper Networks, Inc.

     3,457         77,748   
     

 

 

 
Total Communications Equipment               392,718   
Consumer Finance – 2.9%      

Navient Corp.

     8,759         104,670   

Santander Consumer USA Holdings, Inc.*

     9,335         96,430   

SLM Corp.*

     18,754         115,900   
     

 

 

 
Total Consumer Finance               317,000   
Containers & Packaging – 1.1%      

Packaging Corp. of America

     1,732         115,923   
Diversified Consumer Services – 1.1%      

H&R Block, Inc.

     5,211         119,853   
Diversified Telecommunication Services – 2.7%      

AT&T, Inc.

     3,870         167,223   

CenturyLink, Inc.

     950         27,560   

Verizon Communications, Inc.

     1,779         99,339   
     

 

 

 
Total Diversified Telecommunication Services               294,122   
Electrical Equipment – 1.3%      

Emerson Electric Co.

     1,469         76,623   

Rockwell Automation, Inc.

     580         66,596   
     

 

 

 
Total Electrical Equipment               143,219   
Food Products – 2.8%      

Cal-Maine Foods, Inc.

     1,386       61,427   

Lancaster Colony Corp.

     673         85,882   

Mead Johnson Nutrition Co.

     793         71,965   

Sanderson Farms, Inc.

     1,033         89,499   
     

 

 

 
Total Food Products               308,773   
Gas Utilities – 2.1%      

UGI Corp.

     5,173         234,078   
Health Care Equipment & Supplies – 2.8%      

Abbott Laboratories

     1,093         42,966   

Alere, Inc.*

     4,541         189,269   

St. Jude Medical, Inc.

     960         74,880   
     

 

 

 
Total Health Care Equipment & Supplies               307,115   
Health Care Providers & Services – 7.7%      

HCA Holdings, Inc.*

     2,038         156,946   

HealthSouth Corp.

     4,299         166,887   

MEDNAX, Inc.*

     3,588         259,879   

Quest Diagnostics, Inc.

     1,447         117,800   

Universal Health Services, Inc. Class B

     539         72,280   

VCA, Inc.*

     1,011         68,354   
     

 

 

 
Total Health Care Providers & Services               842,146   
Health Care Technology – 0.8%      

IMS Health Holdings, Inc.*

     3,599         91,271   
Hotels, Restaurants & Leisure – 1.9%      

Six Flags Entertainment Corp.

     1,738         100,717   

Wyndham Worldwide Corp.

     1,459         103,925   
     

 

 

 
Total Hotels, Restaurants & Leisure               204,642   
Household Durables – 0.6%      

Tupperware Brands Corp.

     1,088         61,233   
Household Products – 3.5%      

Clorox Co. (The)

     1,936         267,923   

Colgate-Palmolive Co.

     1,591         116,461   
     

 

 

 
Total Household Products               384,384   
Independent Power & Renewable Electricity Producers – 0.9%   

AES Corp.

     7,787         97,182   
Industrial Conglomerates – 1.0%      

3M Co.

     621         108,749   
Insurance – 4.0%      

AmTrust Financial Services, Inc.

     2,720         66,640   

Hartford Financial Services Group, Inc. (The)

     3,055         135,581   

Principal Financial Group, Inc.

     1,775         72,970   

Prudential Financial, Inc.

     1,078         76,905   

Unum Group

     2,817         89,552   
     

 

 

 
Total Insurance               441,648   
Internet & Catalog Retail – 0.8%      

HSN, Inc.

     1,815         88,808   
Internet Software & Services – 0.9%      

eBay, Inc.*

     4,346         101,740   
IT Services – 2.7%      

Paychex, Inc.

     2,240         133,280   

Sabre Corp.

     3,216         86,157   

Western Union Co. (The)

     3,991         76,547   
     

 

 

 
Total IT Services               295,984   

 

See Notes to Financial Statements.

 

92   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments (continued)

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

June 30, 2016

 

  

 

 

Investments    Shares      Value  
Life Sciences Tools & Services – 0.7%      

Charles River Laboratories International, Inc.*

     876       $ 72,217   
Machinery – 0.7%      

Proto Labs, Inc.*

     1,351         77,764   
Media – 3.0%      

Omnicom Group, Inc.

     1,574         128,265   

Scripps Networks Interactive, Inc. Class A

     1,314         81,823   

Sinclair Broadcast Group, Inc. Class A

     1,625         48,523   

Viacom, Inc. Class B

     1,547         64,154   
     

 

 

 
Total Media               322,765   
Multiline Retail – 1.1%      

Nordstrom, Inc.

     3,230         122,901   
Oil, Gas & Consumable Fuels – 6.9%      

CVR Energy, Inc.

     2,695         41,773   

Marathon Petroleum Corp.

     1,829         69,429   

ONEOK, Inc.

     1,812         85,979   

Spectra Energy Corp.

     9,213         337,472   

Tesoro Corp.

     764         57,239   

Valero Energy Corp.

     1,884         96,084   

Western Refining, Inc.

     3,121         64,386   
     

 

 

 
Total Oil, Gas & Consumable Fuels               752,362   
Personal Products – 0.6%      

Nu Skin Enterprises, Inc. Class A

     1,332         61,525   
Pharmaceuticals – 0.5%      

Catalent, Inc.*

     2,548         58,579   
Professional Services – 0.5%      

Robert Half International, Inc.

     1,482         56,553   
Real Estate Investment Trusts (REITs) – 7.5%      

Duke Realty Corp.

     6,525         173,957   

Forest City Realty Trust, Inc. Class A

     5,508         122,883   

Kimco Realty Corp.

     8,448         265,098   

Lamar Advertising Co. Class A

     2,259         149,772   

Sunstone Hotel Investors, Inc.

     8,940         107,906   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               819,616   
Semiconductors & Semiconductor Equipment – 7.7%      

Cirrus Logic, Inc.*

     9,600         372,384   

Integrated Device Technology, Inc.*

     3,489         70,234   

KLA-Tencor Corp.

     1,141         83,578   

Lam Research Corp.

     1,022         85,909   

Skyworks Solutions, Inc.

     1,296         82,011   

Synaptics, Inc.*

     1,076         57,835   

Teradyne, Inc.

     4,356         85,770   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               837,721   
Software – 4.9%      

Adobe Systems, Inc.*

     1,074         102,879   

Cadence Design Systems, Inc.*

     4,974         120,868   

Manhattan Associates, Inc.*

     1,540         98,760   

MicroStrategy, Inc. Class A*

     523         91,535   

Paycom Software, Inc.*

     2,670         115,371   
     

 

 

 
Total Software               529,413   
Specialty Retail – 2.9%      

American Eagle Outfitters, Inc.

     4,472       71,239   

Gap, Inc. (The)

     3,797         80,572   

Home Depot, Inc. (The)

     1,329         169,700   
     

 

 

 
Total Specialty Retail               321,511   
Technology Hardware, Storage & Peripherals – 0.7%   

Apple, Inc.

     827         79,061   
Thrifts & Mortgage Finance – 0.9%      

MGIC Investment Corp.*

     6,385         37,991   

Radian Group, Inc.

     5,810         60,540   
     

 

 

 
Total Thrifts & Mortgage Finance               98,531   
Tobacco – 2.0%      

Altria Group, Inc.

     1,807         124,611   

Philip Morris International, Inc.

     924         93,989   
     

 

 

 
Total Tobacco               218,600   
Trading Companies & Distributors – 0.8%      
Fastenal Co.      1,870         83,009   
TOTAL INVESTMENTS IN SECURITIES – 99.7%
(Cost: $10,697,092)
        10,896,299   

Cash and Other Assets in Excess of Liabilities – 0.3%

        30,838   
     

 

 

 
NET ASSETS – 100.0%             $ 10,927,137   
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      93   


Table of Contents

Schedule of Investments (concluded)

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

June 30, 2016

 

  

 

 

 

FINANCIAL DERIVATIVE INSTRUMENTS  
TOTAL RETURN SWAPS – SHORT EXPOSURE TO REFERENCE ENTITY  
Counterparty    Termination
Date
     Notional
Amount
     Fund Receives
Floating Rate
(per annum)
     Fund Pays Total Return of
Reference Entity
     Unrealized
Appreciation
 

Morgan Stanley & Co.

     4/7/17       $ 2,750,534         1-Month LIBOR less 0.02      S&P 500 Index       $ 5,589   

Bank of America Merrill Lynch

     4/7/17         930,094         1-Month LIBOR plus 0.02      S&P 500 Index         1,895   

Bank of America Merrill Lynch

     5/5/17         918,170         1-Month LIBOR plus 0.10      S&P 500 Index         1,930   

Morgan Stanley & Co.

     6/2/17         1,371,292         1-Month LIBOR         S&P 500 Index         2,787   

Bank of America Merrill Lynch

     6/7/17         2,269,475         1-Month LIBOR less 0.10      S&P 500 Index         4,271   
       $ 16,472   

LIBOR – London Interbank Offered Rate

 

See Notes to Financial Statements.

 

94   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Schedule of Investments

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

June 30, 2016

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.9%      
United States – 99.9%      
Aerospace & Defense – 2.5%      

Boeing Co. (The)

     748       $ 97,143   

Lockheed Martin Corp.

     1,389         344,708   
     

 

 

 
Total Aerospace & Defense               441,851   
Air Freight & Logistics – 4.6%      

C.H. Robinson Worldwide, Inc.

     5,421         402,509   

Expeditors International of Washington, Inc.

     4,419         216,708   

United Parcel Service, Inc. Class B

     1,706         183,770   
     

 

 

 
Total Air Freight & Logistics               802,987   
Automobiles – 1.8%      

Ford Motor Co.

     11,328         142,393   

Harley-Davidson, Inc.

     3,706         167,882   
     

 

 

 
Total Automobiles               310,275   
Banks – 2.0%      

Fifth Third Bancorp

     8,663         152,382   

JPMorgan Chase & Co.

     3,247         201,769   
     

 

 

 
Total Banks               354,151   
Beverages – 0.8%      

Brown-Forman Corp. Class B

     1,443         143,954   
Biotechnology – 0.4%      

Amgen, Inc.

     490         74,553   
Chemicals – 1.0%      

Westlake Chemical Corp.

     3,923         168,375   
Communications Equipment – 3.7%      

Arista Networks, Inc.*

     2,404         154,769   

Brocade Communications Systems, Inc.

     20,695         189,980   

Cisco Systems, Inc.

     5,607         160,865   

Juniper Networks, Inc.

     5,820         130,892   
     

 

 

 
Total Communications Equipment               636,506   
Consumer Finance – 2.9%      

Navient Corp.

     14,193         169,606   

Santander Consumer USA Holdings, Inc.*

     13,745         141,986   

SLM Corp.*

     30,127         186,185   
     

 

 

 
Total Consumer Finance               497,777   
Containers & Packaging – 1.1%      

Packaging Corp. of America

     2,733         182,920   
Diversified Consumer Services – 1.1%      

H&R Block, Inc.

     8,368         192,464   
Diversified Telecommunication Services – 2.7%      

AT&T, Inc.

     6,202         267,988   

CenturyLink, Inc.

     1,314         38,119   

Verizon Communications, Inc.

     2,871         160,317   
     

 

 

 
Total Diversified Telecommunication Services               466,424   
Electrical Equipment – 1.4%      

Emerson Electric Co.

     2,459         128,261   

Rockwell Automation, Inc.

     940         107,931   
     

 

 

 
Total Electrical Equipment               236,192   
Food Products – 2.8%      

Cal-Maine Foods, Inc.

     2,080       92,186   

Lancaster Colony Corp.

     1,091         139,223   

Mead Johnson Nutrition Co.

     1,303         118,247   

Sanderson Farms, Inc.

     1,599         138,537   
     

 

 

 
Total Food Products               488,193   
Gas Utilities – 2.1%      

UGI Corp.

     8,220         371,955   
Health Care Equipment & Supplies – 2.8%      

Abbott Laboratories

     1,550         60,930   

Alere, Inc.*

     7,257         302,472   

St. Jude Medical, Inc.

     1,542         120,276   
     

 

 

 
Total Health Care Equipment & Supplies               483,678   
Health Care Providers & Services – 7.8%      

HCA Holdings, Inc.*

     3,261         251,129   

HealthSouth Corp.

     6,883         267,198   

MEDNAX, Inc.*

     5,728         414,879   

Quest Diagnostics, Inc.

     2,305         187,650   

Universal Health Services, Inc. Class B

     868         116,399   

VCA, Inc.*

     1,623         109,731   
     

 

 

 
Total Health Care Providers & Services               1,346,986   
Health Care Technology – 0.9%      

IMS Health Holdings, Inc.*

     5,810         147,342   
Hotels, Restaurants & Leisure – 1.9%      

Six Flags Entertainment Corp.

     2,790         161,681   

Wyndham Worldwide Corp.

     2,357         167,889   
     

 

 

 
Total Hotels, Restaurants & Leisure               329,570   
Household Durables – 0.6%      

Tupperware Brands Corp.

     1,749         98,434   
Household Products – 3.5%      

Clorox Co. (The)

     3,081         426,379   

Colgate-Palmolive Co.

     2,533         185,416   
     

 

 

 
Total Household Products               611,795   
Independent Power & Renewable Electricity Producers – 0.9%   

AES Corp.

     12,497         155,962   
Industrial Conglomerates – 1.0%      

3M Co.

     981         171,793   
Insurance – 4.0%      

AmTrust Financial Services, Inc.

     4,374         107,163   

Hartford Financial Services Group, Inc. (The)

     4,765         211,471   

Principal Financial Group, Inc.

     2,878         118,315   

Prudential Financial, Inc.

     1,742         124,274   

Unum Group

     4,431         140,861   
     

 

 

 
Total Insurance               702,084   
Internet & Catalog Retail – 0.8%      

HSN, Inc.

     2,956         144,637   
Internet Software & Services – 0.9%      

eBay, Inc.*

     6,759         158,228   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      95   


Table of Contents

Schedule of Investments (concluded)

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

June 30, 2016

 

  

 

 

Investments    Shares      Value  
IT Services – 2.7%      

Paychex, Inc.

     3,553       $ 211,403   

Sabre Corp.

     5,191         139,067   

Western Union Co. (The)

     6,415         123,040   
     

 

 

 
Total IT Services               473,510   
Life Sciences Tools & Services – 0.7%      

Charles River Laboratories International, Inc.*

     1,402         115,581   
Machinery – 0.7%      

Proto Labs, Inc.*

     2,003         115,293   
Media – 3.0%      

Omnicom Group, Inc.

     2,514         204,866   

Scripps Networks Interactive, Inc. Class A

     2,117         131,825   

Sinclair Broadcast Group, Inc. Class A

     2,595         77,487   

Viacom, Inc. Class B

     2,521         104,546   
     

 

 

 
Total Media               518,724   
Multiline Retail – 1.0%      

Nordstrom, Inc.

     4,714         179,368   
Oil, Gas & Consumable Fuels – 6.9%      

CVR Energy, Inc.

     3,807         59,008   

Marathon Petroleum Corp.

     3,367         127,811   

ONEOK, Inc.

     2,922         138,649   

Spectra Energy Corp.

     14,787         541,648   

Tesoro Corp.

     1,143         85,634   

Valero Energy Corp.

     2,963         151,113   

Western Refining, Inc.

     4,562         94,114   
     

 

 

 
Total Oil, Gas & Consumable Fuels               1,197,977   
Personal Products – 0.6%      

Nu Skin Enterprises, Inc. Class A

     2,168         100,140   
Pharmaceuticals – 0.5%      

Catalent, Inc.*

     3,679         84,580   
Professional Services – 0.5%      

Robert Half International, Inc.

     2,311         88,188   
Real Estate Investment Trusts (REITs) – 7.5%      

Duke Realty Corp.

     10,384         276,837   

Forest City Realty Trust, Inc. Class A

     8,856         197,577   

Kimco Realty Corp.

     13,426         421,308   

Lamar Advertising Co. Class A

     3,574         236,956   

Sunstone Hotel Investors, Inc.

     13,964         168,546   
     

 

 

 
Total Real Estate Investment Trusts (REITs)               1,301,224   
Semiconductors & Semiconductor Equipment – 7.6%      

Cirrus Logic, Inc.*

     15,304         593,642   

Integrated Device Technology, Inc.*

     5,718         115,104   

KLA-Tencor Corp.

     1,821         133,388   

Lam Research Corp.

     1,650         138,699   

Skyworks Solutions, Inc.

     2,040         129,091   

Synaptics, Inc.*

     1,374         73,853   

Teradyne, Inc.

     7,122         140,232   
     

 

 

 
Total Semiconductors & Semiconductor Equipment               1,324,009   
Software – 4.9%      

Adobe Systems, Inc.*

     1,714       164,184   

Cadence Design Systems, Inc.*

     7,913         192,286   

Manhattan Associates, Inc.*

     2,458         157,632   

MicroStrategy, Inc. Class A*

     818         143,166   

Paycom Software, Inc.*

     4,266         184,334   
     

 

 

 
Total Software               841,602   
Specialty Retail – 2.9%      

American Eagle Outfitters, Inc.

     7,524         119,857   

Gap, Inc. (The)

     5,679         120,509   

Home Depot, Inc. (The)

     2,090         266,872   
     

 

 

 
Total Specialty Retail               507,238   
Technology Hardware, Storage & Peripherals – 0.7%      

Apple, Inc.

     1,311         125,332   
Thrifts & Mortgage Finance – 0.9%      

MGIC Investment Corp.*

     10,743         63,921   

Radian Group, Inc.

     9,533         99,334   
     

 

 

 
Total Thrifts & Mortgage Finance               163,255   
Tobacco – 2.0%      

Altria Group, Inc.

     2,873         198,122   

Philip Morris International, Inc.

     1,478         150,342   
     

 

 

 
Total Tobacco               348,464   
Trading Companies & Distributors – 0.8%      
Fastenal Co.      3,024         134,235   
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $17,116,472)
        17,337,806   

Cash and Other Assets in Excess of Liabilities – 0.1%

        20,511   
     

 

 

 
NET ASSETS – 100.0%             $ 17,358,317   
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

96   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Statements of Assets and Liabilities

WisdomTree Trust

June 30, 2016

 

  

 

 

      WisdomTree
Dynamic
Currency
Hedged Europe
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund
     WisdomTree
Dynamic
Currency
Hedged Japan
Equity Fund
     WisdomTree
Emerging
Markets
Dividend Fund
 

ASSETS:

              

Investments, at cost

   $ 4,620,017       $ 250,645,080       $ 2,379,362       $ 4,390,113       $ 2,451,364   

Foreign currency, at cost

     6,286         366,981         5,265         25,944         7,514   

Investments in securities, at value1 (Note 2)

     4,636,583         241,810,026         2,384,692         4,476,911         2,538,655   

Cash

     6         175,073         169         1,074         761   

Foreign currency, at value

     6,274         364,796         5,264         26,021         7,519   

Unrealized appreciation on foreign currency contracts

     8,112         4,009,795         31,126         348           

Receivables:

              

Investment securities sold

     7,057         239,195         5,270         148,912         842   

Capital shares sold

             4,851,945                           

Dividends and interest

     3,737         654,118         4,354         8,825         22,718   

Foreign tax reclaims

     5,492         119,134         1,030         3,734         370   

Total Assets

     4,667,261         252,224,082         2,431,905         4,665,825         2,570,865   

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

     1,314         2,253,064         36,086         188,844         10   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

                     7,393         26,201           

Investment securities purchased

     9,482         6,096,389                         7,258   

Advisory fees (Note 3)

     1,707         68,137         882         1,619         654   

Service fees (Note 2)

     16         857         9         17         9   

Foreign capital gains tax

                                     294   

Total Liabilities

     12,519         8,418,447         44,370         216,681         8,225   

NET ASSETS

   $ 4,654,742       $ 243,805,635       $ 2,387,535       $ 4,449,144       $ 2,562,640   

NET ASSETS:

              

Paid-in capital

   $ 4,636,302       $ 254,690,494       $ 2,486,735       $ 4,695,993       $ 2,461,927   

Undistributed net investment income

     32,869         502,119         7,692         11,043         21,255   

Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions

     (37,672      (4,280,913      (107,182      (156,660      (7,558

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

     23,243         (7,106,065      290         (101,232      87,016   

NET ASSETS

   $ 4,654,742       $ 243,805,635       $ 2,387,535       $ 4,449,144       $ 2,562,640   

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

     200,004         10,050,004         100,004         200,004         100,004   

Net asset value per share

   $ 23.27       $ 24.26       $ 23.87       $ 22.25       $ 25.63   

 

1     Includes market value of securities out on loan of:

                   $ 7,020       $ 25,056           

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      97   


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Trust

June 30, 2016

 

  

 

 

      WisdomTree
Europe Local
Recovery Fund
     WisdomTree
Global Hedged
SmallCap
Dividend Fund
     WisdomTree
Global
SmallCap
Dividend Fund
     WisdomTree
Strong Dollar
Emerging
Markets
Equity Fund
     WisdomTree
Strong Dollar
U.S. Equity
Fund
 

ASSETS:

              

Investments, at cost

   $ 3,650,440       $       $ 31,688,678       $ 6,965,096       $ 1,261,841   

Investment in affiliates, at cost (Note 3)

             30,307,348                           

Foreign currency, at cost

     4,018         711         46,891         948           

Investments in securities, at value1 (Note 2)

     3,120,282                 36,623,910         7,184,700         1,323,483   

Investment in affiliates, at value (Note 3)

             35,194,942                           

Cash

     4         34,727         27,564         4,928         1,085   

Foreign currency, at value

     3,995         723         47,169         973           

Unrealized appreciation on foreign currency contracts

             186,058         1                   

Receivables:

              

Investment securities sold

             329,811                           

Dividends and interest

     840                 85,975         14,907         1,552   

Foreign tax reclaims

     4,642                 4,592                   

Total Assets

     3,129,763         35,746,261         36,789,211         7,205,508         1,326,120   

LIABILITIES:

              

Unrealized depreciation on foreign currency contracts

             544,570         221                   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

                             46,548         23,876   

Investment securities purchased

                     59,843                 12,580   

Advisory fees (Note 3)

     1,349                 12,944         3,355         341   

Service fees (Note 2)

     12         128         132         26         5   

Total Liabilities

     1,361         544,698         73,140         49,929         36,802   

NET ASSETS

   $ 3,128,402       $ 35,201,563       $ 36,716,071       $ 7,155,579       $ 1,289,318   

NET ASSETS:

              

Paid-in capital

   $ 3,715,306       $ 31,291,133       $ 31,833,728       $ 7,016,455       $ 1,248,278   

Undistributed net investment income

     4,571         7,284         107,044         22,320         3,879   

Accumulated net realized loss on investments, foreign currency contracts and foreign currency related transactions

     (61,237      (625,948      (159,520      (102,911      (24,481

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

     (530,238      4,529,094         4,934,819         219,715         61,642   

NET ASSETS

   $ 3,128,402       $ 35,201,563       $ 36,716,071       $ 7,155,579       $ 1,289,318   

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

     150,004         1,700,005         1,400,004         300,004         50,000   

Net asset value per share

   $ 20.86       $ 20.71       $ 26.23       $ 23.85       $ 25.79   

1     Includes market value of securities out on loan of:

                           $ 43,449       $ 29,592   

 

See Notes to Financial Statements.

 

98   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree Trust

June 30, 2016

 

  

 

 

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

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

Bond Fund

 

ASSETS:

         

Investments, at cost

  $ 1,234,618      $ 4,938,847      $ 4,850,516      $ 4,951,015      $ 4,809,766   

Investments in securities, at value1 (Note 2)

    1,225,574        5,008,061        4,890,179        4,969,951        4,839,941   

Cash

    539        10,291        69,866        6,486        101,020   

Receivables:

         

Dividends and interest

    1,503        51,417        82,508        44,230        92,261   

Total Assets

    1,227,616        5,069,769        5,042,553        5,020,667        5,033,222   

LIABILITIES:

         

Payables:

         

Investment of cash collateral for securities loaned (Note 2)

    15,797                               

Advisory fees (Note 3)

    330        742        1,568        739        1,569   

Service fees (Note 2)

    4        18        18        18        18   

Total Liabilities

    16,131        760        1,586        757        1,587   

NET ASSETS

  $ 1,211,485      $ 5,069,009      $ 5,040,967      $ 5,019,910      $ 5,031,635   

NET ASSETS:

         

Paid-in capital

  $ 1,252,519      $ 4,998,703      $ 4,998,967      $ 5,000,791      $ 4,999,958   

Undistributed net investment income

    2,106        1,230        2,337        1,001        1,502   

Accumulated net realized loss on investments

    (34,096     (138            (818       

Net unrealized appreciation (depreciation) on investments

    (9,044     69,214        39,663        18,936        30,175   

NET ASSETS

  $ 1,211,485      $ 5,069,009      $ 5,040,967      $ 5,019,910      $ 5,031,635   

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

    50,000        100,002        100,002        100,002        100,002   

Net asset value per share

  $ 24.23      $ 50.69      $ 50.41      $ 50.20      $ 50.32   

1     Includes market value of securities out on loan of:

  $ 15,389                               

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      99   


Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree Trust

June 30, 2016

 

  

 

 

     WisdomTree
Dynamic
Bearish U.S.
Equity Fund
    WisdomTree
Dynamic
Long/Short U.S.
Equity Fund
 

ASSETS:

   

Investments, at cost

  $ 10,697,092      $ 17,116,472   

Investments in securities, at value

    10,896,299        17,337,806   

Cash

    6,343        8,530   

Unrealized appreciation on swap contracts

    16,472          

Receivables:

   

Investment securities sold

           38,086   

Dividends

    12,353        19,278   

Total Assets

    10,931,467        17,403,700   

LIABILITIES:

   

Payables:

   

Investment securities purchased

           38,866   

Advisory fees (Note 3)

    4,291        6,458   

Service fees (Note 2)

    39        59   

Total Liabilities

    4,330        45,383   

NET ASSETS

  $ 10,927,137      $ 17,358,317   

NET ASSETS:

   

Paid-in capital

  $ 11,152,428      $ 17,111,859   

Undistributed (Distributions in excess of) net investment income

    (16,472     236,356   

Accumulated net realized loss on investments and swap contracts

    (424,498     (211,232

Net unrealized appreciation on investments and swap contracts

    215,679        221,334   

NET ASSETS

  $ 10,927,137      $ 17,358,317   

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

    450,004        650,004   

Net asset value per share

  $ 24.28      $ 26.70   

 

See Notes to Financial Statements.

 

100   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Statements of Operations

WisdomTree Trust

For the Periods Ended June 30, 2016

 

  

 

 

     WisdomTree
Dynamic
Currency
Hedged Europe
Equity Fund1
    WisdomTree
Dynamic
Currency
Hedged
International
Equity Fund1
    WisdomTree
Dynamic
Currency
Hedged
International
SmallCap
Equity Fund1
    WisdomTree
Dynamic
Currency
Hedged Japan
Equity Fund1
    WisdomTree
Emerging
Markets
Dividend Fund2
 

INVESTMENT INCOME:

         

Dividends3

  $ 133,736      $ 3,231,330      $ 57,009      $ 58,522      $ 37,425   

Securities lending income (Note 2)

    899        21,926        184        46          

Total investment income

    134,635        3,253,256        57,193        58,568        37,425   

EXPENSES:

         

Advisory fees (Note 3)

    10,017        182,073        5,660        9,583        1,854   

Service fees (Note 2)

    92        2,003        52        88        26   

Total expenses

    10,109        184,076        5,712        9,671        1,880   

Expense waivers (Note 3)

    (1,043     (22,759     (590     (998       

Net expenses

    9,066        161,317        5,122        8,673        1,880   

Net investment income

    125,569        3,091,939        52,071        49,895        35,545   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

         

Net realized gain (loss) from:

         

Investment transactions

    (28,453     (4,362,233     (53,609     (70,136     (9,709

Foreign currency contracts and foreign currency related transactions

    11,083        244,251        (50,450     (88,375     362   

Net realized loss

    (17,370     (4,117,982     (104,059     (158,511     (9,347

Net change in unrealized appreciation (depreciation) from:

         

Investment transactions4

    16,566        (8,835,054     5,330        86,798        86,997   

Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    6,677        1,728,989        (5,040     (188,030     19   

Net change in unrealized appreciation (depreciation)

    23,243        (7,106,065     290        (101,232     87,016   

Net realized and unrealized gain (loss) on investments

    5,873        (11,224,047     (103,769     (259,743     77,669   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ 131,442      $ (8,132,108   $ (51,698   $ (209,848   $ 113,214   

 

1     For the period January 7, 2016 (commencement of operations) through June 30, 2016.

        

   

 

2     For the period April 7, 2016 (commencement of operations) through June 30, 2016.

        

       

 

3     Net of foreign withholding tax of:

  $ 22,331      $ 344,894      $ 6,667      $ 6,531      $ 4,593   

 

4     Net of foreign capital gain taxes of:

                              $ 294   

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      101   


Table of Contents

Statements of Operations (continued)

WisdomTree Trust

For the Periods Ended June 30, 2016

 

  

 

 

     WisdomTree
Europe Local
Recovery Fund1
    WisdomTree
Global Hedged
SmallCap
Dividend Fund2
    WisdomTree
Global
SmallCap
Dividend Fund3
    WisdomTree
Strong Dollar
Emerging
Markets
Equity Fund1
    WisdomTree
Strong Dollar
U.S. Equity
Fund4
 

INVESTMENT INCOME:

         

Dividends5

  $ 86,686      $      $ 683,088      $ 46,335      $ 33,729   

Dividends from affiliates (Note 3)

           494,233                        

Securities lending income (Note 2)

    2,052                      289        68   

Total investment income

    88,738        494,233        683,088        46,624        33,797   

EXPENSES:

         

Advisory fees (Note 3)

    13,532        65,771        68,095        19,755        5,019   

Service fees (Note 2)

    103        673        697        150        67   

Total expenses

    13,635        66,444        68,792        19,905        5,086   

Expense waivers (Note 3)

    (2,333     (65,771                     

Net expenses

    11,302        673        68,792        19,905        5,086   

Net investment income

    77,436        493,560        614,296        26,719        28,711   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

         

Net realized gain (loss) from:

         

Investment transactions

    (60,720            (158,683     (92,384     (24,481

Investment transactions in affiliates (Note 3)

           58,285                        

In-kind redemptions

                  287,682               (32,769

In-kind redemptions in affiliates (Note 3)

           228,974                        

Foreign currency contracts and foreign currency related transactions

    (297     (711,317     3,230        (12,858       

Net realized gain (loss)

    (61,017     (424,058     132,229        (105,242     (57,250

Net change in unrealized appreciation (depreciation) from:

         

Investment transactions

    (530,158     4,887,594        4,935,232        219,604        61,642   

Foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (80     (358,500     (413     111          

Net change in unrealized appreciation (depreciation)

    (530,238     4,529,094        4,934,819        219,715        61,642   

Net realized and unrealized gain (loss) on investments

    (591,255     4,105,036        5,067,048        114,473        4,392   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ (513,819   $ 4,598,596      $ 5,681,344      $ 141,192      $ 33,103   

 

1     For the period October 29, 2015 (commencement of operations) through June 30, 2016.

        

       

 

2     For the period November 19, 2015 (commencement of operations) through June 30, 2016.

        

       

 

3     For the period November 12, 2015 (commencement of operations) through June 30, 2016.

        

       

 

4     For the period July 21, 2015 (commencement of operations) through June 30, 2016.

        

 

 

 

   

 

 

   

 

 

   

 

 

 

 

5     Net of foreign withholding tax of:

  $ 15,961             $ 45,468      $ 6,270          

 

See Notes to Financial Statements.

 

102   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Statements of Operations (continued)

WisdomTree Trust

For the Periods Ended June 30, 2016

 

  

 

 

     WisdomTree
Weak Dollar
U.S. Equity
Fund1
    WisdomTree
Fundamental
U.S. Corporate
Bond Fund2
    WisdomTree
Fundamental
U.S. High Yield
Corporate
Bond Fund2
    WisdomTree
Fundamental
U.S. Short-Term
Corporate  Bond
Fund2
    WisdomTree
Fundamental
U.S. Short-Term
High Yield
Corporate
Bond Fund2
 

INVESTMENT INCOME:

         

Dividends

  $ 28,513      $      $      $      $   

Interest

           23,896        50,819        13,664        53,985   

Securities lending income (Note 2)

    69                               

Total investment income

    28,582        23,896        50,819        13,664        53,985   

EXPENSES:

         

Advisory fees (Note 3)

    4,857        2,529        4,347        2,525        4,348   

Service fees (Note 2)

    65        40        40        40        40   

Total expenses

    4,922        2,569        4,387        2,565        4,388   

Expense waivers (Note 3)

           (903     (906     (902     (906

Net expenses

    4,922        1,666        3,481        1,663        3,482   

Net investment income

    23,660        22,230        47,338        12,001        50,503   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

         

Net realized loss from:

         

Investment transactions

    (34,207     (138            (818       

In-kind redemptions

    (20,268                            

Net realized gain (loss)

    (54,475     (138            (818       

Net change in unrealized appreciation (depreciation)

    (9,044     69,214        39,663        18,936        30,175   

Net realized and unrealized gain (loss) on investments

    (63,519     69,076        39,663        18,118        30,175   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ (39,859   $ 91,306      $ 87,001      $ 30,119      $ 80,678   
1 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

2 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      103   


Table of Contents

Statements of Operations (concluded)

WisdomTree Trust

For the Periods Ended June 30, 2016

 

  

 

 

     WisdomTree
Dynamic
Bearish U.S.
Equity Fund1
    WisdomTree
Dynamic
Long/Short U.S.
Equity Fund1
 

INVESTMENT INCOME:

   

Dividends

  $ 49,267      $ 100,794   

Interest

    7,696          

Total investment income

    56,963        100,794   

EXPENSES:

   

Advisory fees (Note 3)

    27,816        23,340   

Service fees (Note 2)

    231        193   

Total expenses

    28,047        23,533   

Expense waivers (Note 3)

    (2,624     (2,202

Net expenses

    25,423        21,331   

Net investment income

    31,540        79,463   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

   

Net realized gain (loss) from:

   

Investment transactions

    (3,714     (73,286

In-kind redemptions

    7,830        22,377   

Swap contracts

    (1,578,839     67,471   

Net realized gain (loss)

    (1,574,723     16,562   

Net change in unrealized appreciation from:

   

Investment transactions

    199,207        221,334   

Swap contracts

    16,472          

Net change in unrealized appreciation

    215,679        221,334   

Net realized and unrealized gain (loss) on investments

    (1,359,044     237,896   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ (1,327,504   $ 317,359   
1 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

 

See Notes to Financial Statements.

 

104   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Statements of Changes in Net Assets

WisdomTree Trust

  

 

 

      WisdomTree
Dynamic
Currency
Hedged Europe
Equity Fund
    

WisdomTree
Dynamic
Currency

Hedged
International
Equity Fund

    

WisdomTree
Dynamic
Currency

Hedged
International
SmallCap
Equity Fund

     WisdomTree
Dynamic
Currency
Hedged Japan
Equity Fund
     WisdomTree
Emerging
Markets
Dividend Fund
 
      For the Period
January 7, 2016*
through
June 30, 2016
     For the Period
January 7, 2016*
through
June 30, 2016
     For the Period
January 7, 2016*
through
June 30, 2016
     For the Period
January 7, 2016*
through
June 30, 2016
     For the Period
April 7, 2016*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

           

Net investment income

   $ 125,569       $ 3,091,939       $ 52,071       $ 49,895       $ 35,545   

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

     (17,370      (4,117,982      (104,059      (158,511      (9,347

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

     23,243         (7,106,065      290         (101,232      87,016   

Net increase (decrease) in net assets resulting from operations

     131,442         (8,132,108      (51,698      (209,848      113,214   

DIVIDENDS:

              

Net investment income

     (113,002      (2,752,751      (47,502      (37,001      (12,501

CAPITAL SHARE TRANSACTIONS:

              

Net proceeds from sale of shares

     4,636,202         254,690,394         2,486,635         4,695,893         2,461,827   

Net increase in net assets resulting from capital share transactions

     4,636,202         254,690,394         2,486,635         4,695,893         2,461,827   

Net Increase in Net Assets

     4,654,642         243,805,535         2,387,435         4,449,044         2,562,540   

NET ASSETS:

              

Beginning of period

   $ 100       $ 100       $ 100       $ 100       $ 100   

End of period

   $ 4,654,742       $ 243,805,635       $ 2,387,535       $ 4,449,144       $ 2,562,640   

Undistributed net investment income included in net assets at end of period

   $ 32,869       $ 502,119       $ 7,692       $ 11,043       $ 21,255   

SHARES CREATED AND REDEEMED:

              

Shares outstanding, beginning of period

     4         4         4         4         4   

Shares created

     200,000         10,050,000         100,000         200,000         100,000   

Shares redeemed

                                       

Shares outstanding, end of period

     200,004         10,050,004         100,004         200,004         100,004   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      105   


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

  

 

 

      WisdomTree
Europe Local
Recovery Fund
     WisdomTree
Global Hedged
SmallCap
Dividend Fund
    

WisdomTree

Global

SmallCap
Dividend Fund

    

WisdomTree
Strong Dollar
Emerging

Markets
Equity Fund

     WisdomTree
Strong Dollar
U.S. Equity
Fund
 
      For the Period
October 29, 2015*
through
June 30, 2016
     For the Period
November 19, 2015*
through
June 30, 2016
     For the Period
November 12, 2015*
through
June 30, 2016
     For the Period
October 29, 2015*
through
June 30, 2016
     For the Period
July 21, 2015*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

           

Net investment income

   $ 77,436       $ 493,560       $ 614,296       $ 26,719       $ 28,711   

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

     (61,017      (424,058      132,229         (105,242      (57,250

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

     (530,238      4,529,094         4,934,819         219,715         61,642   

Net increase (decrease) in net assets resulting from operations

     (513,819      4,598,596         5,681,344         141,192         33,103   

DIVIDENDS:

              

Net investment income

     (73,190      (459,192      (511,968      (2,068      (24,832

CAPITAL SHARE TRANSACTIONS:

              

Net proceeds from sale of shares

     3,715,311         33,057,923         34,057,555         7,016,355         2,499,007   

Cost of shares redeemed

             (1,995,864      (2,510,960              (1,218,060

Net increase in net assets resulting from capital share transactions

     3,715,311         31,062,059         31,546,595         7,016,355         1,280,947   

Net Increase in Net Assets

     3,128,302         35,201,463         36,715,971         7,155,479         1,289,218   

NET ASSETS:

              

Beginning of period

   $ 100       $ 100       $ 100       $ 100       $ 100   

End of period

   $ 3,128,402       $ 35,201,563       $ 36,716,071       $ 7,155,579       $ 1,289,318   

Undistributed net investment income included in net assets at end of period

   $ 4,571       $ 7,284       $ 107,044       $ 22,320       $ 3,879   

SHARES CREATED AND REDEEMED:

              

Shares outstanding, beginning of period

     4         5         4         4         4   

Shares created

     150,000         1,800,000         1,500,000         300,000         100,000   

Shares redeemed

             (100,000      (100,000              (50,004

Shares outstanding, end of period

     150,004         1,700,005         1,400,004         300,004         50,000   
* Commencement of operations.

 

See Notes to Financial Statements.

 

106   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Trust

  

 

 

      WisdomTree
Weak Dollar
U.S. Equity
Fund
     WisdomTree
Fundamental
U.S. Corporate
Bond Fund
     WisdomTree
Fundamental
U.S. High Yield
Corporate
Bond Fund
     WisdomTree
Fundamental
U.S. Short-Term
Corporate  Bond
Fund
     WisdomTree
Fundamental
U.S. Short-Term
High  Yield
Corporate
Bond Fund
 
      For the Period
July 21, 2015*
through
June 30, 2016
     For the Period
April 27, 2016*
through
June 30, 2016
     For the Period
April 27, 2016*
through
June 30, 2016
     For the Period
April 27, 2016*
through
June 30, 2016
     For the Period
April 27, 2016*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

           

Net investment income

   $ 23,660       $ 22,230       $ 47,338       $ 12,001       $ 50,503   

Net realized loss on investments

     (54,475      (138              (818        

Net change in unrealized appreciation (depreciation) on investments

     (9,044      69,214         39,663         18,936         30,175   

Net increase (decrease) in net assets resulting from operations

     (39,859      91,306         87,001         30,119         80,678   

DIVIDENDS:

              

Net investment income

     (21,554      (21,000      (45,001      (11,000      (49,001

CAPITAL SHARE TRANSACTIONS:

              

Net proceeds from sale of shares

     2,502,016         4,998,603         4,998,867         5,000,691         4,999,858   

Cost of shares redeemed

     (1,229,218                                

Net increase in net assets resulting from capital share transactions

     1,272,798         4,998,603         4,998,867         5,000,691         4,999,858   

Net Increase in Net Assets

     1,211,385         5,068,909         5,040,867         5,019,810         5,031,535   

NET ASSETS:

              

Beginning of period

   $ 100       $ 100       $ 100       $ 100       $ 100   

End of period

   $ 1,211,485       $ 5,069,009       $ 5,040,967       $ 5,019,910       $ 5,031,635   

Undistributed net investment income included in net assets at end of period

   $ 2,106       $ 1,230       $ 2,337       $ 1,001       $ 1,502   

SHARES CREATED AND REDEEMED:

              

Shares outstanding, beginning of period

     4         2         2         2         2   

Shares created

     100,000         100,000         100,000         100,000         100,000   

Shares redeemed

     (50,004                                

Shares outstanding, end of period

     50,000         100,002         100,002         100,002         100,002   
* Commencement of operations.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      107   


Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Trust

  

 

 

     

WisdomTree

Dynamic

Bearish U.S.
Equity Fund

    

WisdomTree

Dynamic

Long/Short U.S.
Equity Fund

 
      For the Period
December 23, 2015*
through
June 30, 2016
     For the Period
December 23, 2015*
through
June 30, 2016
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

  

Net investment income

   $ 31,540       $ 79,463   

Net realized gain (loss) on investments and swap contracts

     (1,574,723      16,562   

Net change in unrealized appreciation on investments and swap contracts

     215,679         221,334   

Net increase (decrease) in net assets resulting from operations

     (1,327,504      317,359   

DIVIDENDS AND DISTRIBUTIONS:

     

Net investment income

             (56,252

Return of capital

     (15,750        

Total dividends and distributions

     (15,750      (56,252

CAPITAL SHARE TRANSACTIONS:

     

Net proceeds from sale of shares

     26,967,888         18,363,769   

Cost of shares redeemed

     (14,697,597      (1,266,659

Net increase in net assets resulting from capital share transactions

     12,270,291         17,097,110   

Net Increase in Net Assets

     10,927,037         17,358,217   

NET ASSETS:

     

Beginning of period

   $ 100       $ 100   

End of period

   $ 10,927,137       $ 17,358,317   

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

   $ (16,472    $ 236,356   

SHARES CREATED AND REDEEMED:

     

Shares outstanding, beginning of period

     4         4   

Shares created

     1,050,000         700,000   

Shares redeemed

     (600,000      (50,000

Shares outstanding, end of period

     450,004         650,004   
* Commencement of operations.

 

See Notes to Financial Statements.

 

108   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Financial Highlights

WisdomTree Trust

 

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

 

 

WisdomTree Dynamic Currency Hedged Europe Equity Fund    For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.25   

Investment operations:

  

Net investment income1

     0.70   

Net realized and unrealized loss

     (1.11

Total from investment operations

     (0.41

Dividends to shareholders:

  

Net investment income

     (0.57

Net asset value, end of period

   $ 23.27   

TOTAL RETURN2

     (1.81 )% 

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 4,655   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.43 %3 

Expenses, prior to expense waivers

     0.48 %3 

Net investment income

     6.02 %3 

Portfolio turnover rate4

     25

 

   
WisdomTree Dynamic Currency Hedged International Equity Fund    For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.18   

Investment operations:

  

Net investment income1

     0.79   

Net realized and unrealized loss

     (0.35

Total from investment operations

     0.44   

Dividends to shareholders:

  

Net investment income

     (0.36

Net asset value, end of period

   $ 24.26   

TOTAL RETURN2

     1.82

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 243,806   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.35 %3 

Expenses, prior to expense waivers

     0.40 %3 

Net investment income

     6.79 %3 

Portfolio turnover rate4

     28
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      109   


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

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

 

 

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund    For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.24   

Investment operations:

  

Net investment income1

     0.52   

Net realized and unrealized loss

     (0.41

Total from investment operations

     0.11   

Dividends to shareholders:

  

Net investment income

     (0.48

Net asset value, end of period

   $ 23.87   

TOTAL RETURN2

     0.36

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 2,388   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.43 %3 

Expenses, prior to expense waivers

     0.48 %3 

Net investment income

     4.42 %3 

Portfolio turnover rate4

     50

 

   
WisdomTree Dynamic Currency Hedged Japan Equity Fund    For the Period
January 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.38   

Investment operations:

  

Net investment income1

     0.28   

Net realized and unrealized loss

     (2.22

Total from investment operations

     (1.94

Dividends to shareholders:

  

Net investment income

     (0.19

Net asset value, end of period

   $ 22.25   

TOTAL RETURN2

     (8.00 )% 

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 4,449   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.43 %3 

Expenses, prior to expense waivers

     0.48 %3 

Net investment income

     2.50 %3 

Portfolio turnover rate4

     22
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

110   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

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

 

 

WisdomTree Emerging Markets Dividend Fund    For the Period
April 7, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.53   

Investment operations:

  

Net investment income1

     0.36   

Net realized and unrealized gain

     0.87   

Total from investment operations

     1.23   

Dividends to shareholders:

  

Net investment income

     (0.13

Net asset value, end of period

   $ 25.63   

TOTAL RETURN2

     5.01

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 2,563   

Ratios to average net assets of:

  

Expenses

     0.32 %3 

Net investment income

     6.14 %3 

Portfolio turnover rate4

     4

 

   
WisdomTree Europe Local Recovery Fund    For the Period
October 29, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.70   

Investment operations:

  

Net investment income1

     0.52   

Net realized and unrealized loss

     (3.87

Total from investment operations

     (3.35

Dividends to shareholders:

  

Net investment income

     (0.49

Net asset value, end of period

   $ 20.86   

TOTAL RETURN2

     (13.76 )% 

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 3,128   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.48 %3 

Expenses, prior to expense waivers

     0.58 %3 

Net investment income

     3.32 %3 

Portfolio turnover rate4

     22
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      111   


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

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

 

 

WisdomTree Global Hedged SmallCap Dividend Fund    For the Period
November 19, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 20.23   

Investment operations:

  

Net investment income1

     0.39   

Net realized and unrealized gain

     0.45   

Total from investment operations

     0.84   

Dividends to shareholders:

  

Net investment income

     (0.36

Net asset value, end of period

   $ 20.71   

TOTAL RETURN2

     4.20

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 35,202   

Ratios to average net assets3 of:

  

Expenses, net of expense waivers

     0.00 %4,5 

Expenses, prior to expense waivers

     0.43 %4 

Net investment income

     3.23 %4 

Portfolio turnover rate6

     3

 

   
WisdomTree Global SmallCap Dividend Fund    For the Period
November 12, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.58   

Investment operations:

  

Net investment income1

     0.61   

Net realized and unrealized gain

     1.52   

Total from investment operations

     2.13   

Dividends to shareholders:

  

Net investment income

     (0.48

Net asset value, end of period

   $ 26.23   

TOTAL RETURN2

     8.71

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 36,716   

Ratios to average net assets of:

  

Expenses

     0.43 %4 

Net investment income

     3.88 %4 

Portfolio turnover rate6

     8
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

Annualized.

 

5 

Amount represents less than 0.005%.

 

6 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

112   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

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

 

 

WisdomTree Strong Dollar Emerging Markets Equity Fund    For the Period
October 29, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.58   

Investment operations:

  

Net investment income1

     0.12   

Net realized and unrealized loss

     (0.83

Total from investment operations

     (0.71

Dividends to shareholders:

  

Net investment income

     (0.02

Net asset value, end of period

   $ 23.85   

TOTAL RETURN2

     (2.88 )% 

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 7,156   

Ratios to average net assets of:

  

Expenses

     0.58 %3 

Net investment income

     0.78 %3 

Portfolio turnover rate4

     74

 

   
WisdomTree Strong Dollar U.S. Equity Fund    For the Period
July 21, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.85   

Investment operations:

  

Net investment income1

     0.43   

Net realized and unrealized gain

     0.94   

Total from investment operations

     1.37   

Dividends to shareholders:

  

Net investment income

     (0.43

Net asset value, end of period

   $ 25.79   

TOTAL RETURN2

     5.62

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 1,289   

Ratios to average net assets of:

  

Expenses

     0.33 %3 

Net investment income

     1.89 %3 

Portfolio turnover rate4

     23
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized.

 

3 

Annualized.

 

4 

Portfolio turnover rate is not annualized and excludes the value of the portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      113   


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

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

 

 

WisdomTree Weak Dollar U.S. Equity Fund    For the Period
July 21, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.88   

Investment operations:

  

Net investment income1

     0.36   

Net realized and unrealized loss

     (0.63

Total from investment operations

     (0.27

Dividends to shareholders:

  

Net investment income

     (0.38

Net asset value, end of period

   $ 24.23   

TOTAL RETURN2

     (1.03 )% 

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 1,211   

Ratios to average net assets of:

  

Expenses

     0.33 %3 

Net investment income

     1.61 %3 

Portfolio turnover rate4

     21

 

   
WisdomTree Fundamental U.S. Corporate Bond Fund    For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 49.96   

Investment operations:

  

Net investment income1

     0.22   

Net realized and unrealized gain

     0.72   

Total from investment operations

     0.94   

Dividends to shareholders:

  

Net investment income

     (0.21

Net asset value, end of period

   $ 50.69   

TOTAL RETURN2

     1.89

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 5,069   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.18 %3 

Expenses, prior to expense waivers

     0.28 %3 

Net investment income

     2.50 %3 

Portfolio turnover rate4

     3
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

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

 

See Notes to Financial Statements.

 

114   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

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

 

 

WisdomTree Fundamental U.S. High Yield Corporate Bond Fund    For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 50.19   

Investment operations:

  

Net investment income1

     0.47   

Net realized and unrealized gain

     0.20   

Total from investment operations

     0.67   

Dividends to shareholders:

  

Net investment income

     (0.45

Net asset value, end of period

   $ 50.41   

TOTAL RETURN2

     1.34

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 5,041   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.38 %3 

Expenses, prior to expense waivers

     0.48 %3 

Net investment income

     5.31 %3 

Portfolio turnover rate4

     0

 

   
WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund    For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 49.98   

Investment operations:

  

Net investment income1

     0.12   

Net realized and unrealized gain

     0.21   

Total from investment operations

     0.33   

Dividends to shareholders:

  

Net investment income

     (0.11

Net asset value, end of period

   $ 50.20   

TOTAL RETURN2

     0.66

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 5,020   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.18 %3 

Expenses, prior to expense waivers

     0.28 %3 

Net investment income

     1.35 %3 

Portfolio turnover rate4

     14
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      115   


Table of Contents

Financial Highlights (continued)

WisdomTree Trust

 

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

 

 

WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund    For the Period
April 27, 2016*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 49.95   

Investment operations:

  

Net investment income1

     0.51   

Net realized and unrealized gain

     0.35   

Total from investment operations

     0.86   

Dividends to shareholders:

  

Net investment income

     (0.49

Net asset value, end of period

   $ 50.32   

TOTAL RETURN2

     1.73

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 5,032   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.38 %3 

Expenses, prior to expense waivers

     0.48 %3 

Net investment income

     5.66 %3 

Portfolio turnover rate4

     0

 

   
WisdomTree Dynamic Bearish U.S. Equity Fund    For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 24.30   

Investment operations:

  

Net investment income1

     0.08   

Net realized and unrealized loss

     (0.06

Total from investment operations

     0.02   

Distributions to shareholders:

  

Return of capital

     (0.04

Net asset value, end of period

   $ 24.28   

TOTAL RETURN2

     0.06

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 10,927   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.48 %3 

Expenses, prior to expense waivers

     0.53 %3 

Net investment income

     0.60 %3 

Portfolio turnover rate4

     4
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

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

 

See Notes to Financial Statements.

 

116   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Financial Highlights (concluded)

WisdomTree Trust

 

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

 

 

WisdomTree Dynamic Long/Short U.S. Equity Fund    For the Period
December 23, 2015*
through
June 30, 2016
 

Net asset value, beginning of period

   $ 25.13   

Investment operations:

  

Net investment income1

     0.24   

Net realized and unrealized gain

     1.49   

Total from investment operations

     1.73   

Dividends to shareholders:

  

Net investment income

     (0.16

Net asset value, end of period

   $ 26.70   

TOTAL RETURN2

     6.88

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 17,358   

Ratios to average net assets of:

  

Expenses, net of expense waivers

     0.48 %3 

Expenses, prior to expense waivers

     0.53 %3 

Net investment income

     1.80 %3 

Portfolio turnover rate4

     70
* Commencement of operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

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

 

See Notes to Financial Statements.

 

WisdomTree Trust Annual Report June 30, 2016      117   


Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of June 30, 2016, the Trust offered 97 investment funds (each a “Fund”, collectively, the “Funds”). In accordance with Accounting Standard Update (“ASU”) 2013-08, Financial Services-Investment Companies, each Fund listed below qualifies as an investment company and is applying the accounting and reporting guidance for investment companies. These notes relate only to the Funds listed in the table below:

 

Fund   Commencement
of Operations
 

WisdomTree Dynamic Currency Hedged Europe Equity Fund (“Dynamic Currency Hedged Europe Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    January 7, 2016   

WisdomTree Dynamic Currency Hedged International Equity Fund (“Dynamic Currency Hedged International Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    January 7, 2016   

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (“Dynamic Currency Hedged International SmallCap Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    January 7, 2016   

WisdomTree Dynamic Currency Hedged Japan Equity Fund (“Dynamic Currency Hedged Japan Equity Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    January 7, 2016   

WisdomTree Emerging Markets Dividend Fund (“Emerging Markets Dividend Fund”)

    April 7, 2016   

WisdomTree Europe Local Recovery Fund (“Europe Local Recovery Fund”)

    October 29, 2015   

WisdomTree Global Hedged SmallCap Dividend Fund (“Global Hedged SmallCap Dividend Fund” and also referred to herein as “Currency Hedged Equity Fund”)

    November 19, 2015   

WisdomTree Global SmallCap Dividend Fund (“Global SmallCap Dividend Fund”)

    November 12, 2015   

WisdomTree Strong Dollar Emerging Markets Equity Fund (“Strong Dollar Emerging Markets Equity Fund”)

    October 29, 2015   

WisdomTree Strong Dollar U.S. Equity Fund (“Strong Dollar U.S. Equity Fund”)

    July 21, 2015   

WisdomTree Weak Dollar U.S. Equity Fund (“Weak Dollar U.S. Equity Fund”)

    July 21, 2015   

WisdomTree Fundamental U.S. Corporate Bond Fund (“Fundamental U.S. Corporate Bond Fund”)

    April 27, 2016   

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

    April 27, 2016   

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

    April 27, 2016   

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

    April 27, 2016   

WisdomTree Dynamic Bearish U.S. Equity Fund (“Dynamic Bearish U.S. Equity Fund”)

    December 23, 2015   

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

    December 23, 2015   

Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset Management, Inc. (‘‘WTAM’’), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered trademark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

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

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day a Fund is open for business as of the regularly scheduled close of regular trading on the New York Stock Exchange, normally 4:00 p.m. Eastern time (the “NAV

 

118   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Notes to Financial Statements (continued)

 

Calculation Time”). NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell shares in the secondary market through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees. Equity securities (including preferred stock) traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities (including preferred stock) are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask price. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated exchange-traded funds (“ETFs” or “ETF”) which are valued at their last sale or official closing price on the exchange on which they are principally traded or at their NAV per share in instances where the affiliated ETF has not traded on its principal exchange. Fixed income securities (including short-term debt securities with remaining maturities of 60 days or less) generally are valued at current market quotations or mean prices obtained from broker-dealers or independent pricing service providers. Broker-dealers or independent pricing service providers, in determining the value of securities may consider such factors as recent transactions, indications from broker-dealers yields and quoted prices on similar securities, and market sentiment for the type of security. U.S. fixed income assets may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time, except, forward foreign currency contracts on Asian currencies for Global Hedged SmallCap Dividend Fund are valued using WM/Reuters closing spot and forward rates as of 2:00 p.m. Singapore time. Swap contracts are generally marked to market daily based upon values from independent pricing service providers or quotations from broker-dealers to the extent available.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments, which include derivatives, will be fair valued in accordance with the Fund’s pricing policy. The Board of Trustees of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, independent pricing service provider or broker-dealer quotation, or such prices are deemed to not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV Calculation Time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

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

Level 1 – quoted prices in active markets for identical securities

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

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

The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.

Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as

 

WisdomTree Trust Annual Report June 30, 2016      119   


Table of Contents

Notes to Financial Statements (continued)

 

amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).

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

Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Over-the-counter financial derivative instruments derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued on the basis of broker-dealer quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative instruments can be estimated by an independent pricing service provider using a series of techniques including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use valuation techniques and observable inputs as described above and have an appropriate level of market activity are categorized as Level 2 of the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate.

Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use, among other potential considerations, related or comparable securities, recent transactions, market multiples, and other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Pricing Committee conducts back testing of the methodologies used to value Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.

The following is a summary of the fair valuations according to the inputs used as of June 30, 2016 in valuing each Fund’s assets:

 

Dynamic Currency Hedged Europe Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 4,636,067       $       $   

Rights*

     516                   

Total

   $ 4,636,583       $       $   

Unrealized Appreciation on Foreign Currency Contracts

             8,112           

Unrealized Depreciation on Foreign Currency Contracts

             (1,314        

Total - Net

   $ 4,636,583       $ 6,798       $   

 

Dynamic Currency Hedged International Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 241,810,026       $       $   

Total

   $ 241,810,026       $       $   

Unrealized Appreciation on Foreign Currency Contracts

             4,009,795           

Unrealized Depreciation on Foreign Currency Contracts

             (2,253,064        

Total - Net

   $ 241,810,026       $ 1,756,731       $   

 

120   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Notes to Financial Statements (continued)

 

 

Dynamic Currency Hedged International SmallCap Equity Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Australia

   $ 305,816       $ 1,689       $   

United Kingdom

     373,291                 1,371 ** 

Other*

     1,695,074                   

Rights*

             58           

Investment of Cash Collateral for Securities Loaned

             7,393           

Total

   $ 2,374,181       $ 9,140       $ 1,371   

Unrealized Appreciation on Foreign Currency Contracts

             31,126           

Unrealized Depreciation on Foreign Currency Contracts

             (36,086        

Total - Net

   $ 2,374,181       $ 4,180       $ 1,371   

 

Dynamic Currency Hedged Japan Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 4,450,710       $       $   

Investment of Cash Collateral for Securities Loaned

             26,201           

Total

   $ 4,450,710       $ 26,201       $   

Unrealized Appreciation on Foreign Currency Contracts

             348           

Unrealized Depreciation on Foreign Currency Contracts

             (188,844        

Total - Net

   $ 4,450,710       $ (162,295    $   

 

Emerging Markets Dividend Fund    Level 1        Level 2      Level 3  

Common Stocks

                            

China

   $ 555,492         $ 230       $   

Other*

     1,982,477                     

Rights*

     37                     

Warrants*

     419                     

Total

   $ 2,538,425         $ 230       $   

Unrealized Depreciation on Foreign Currency Contracts

               (10        

Total - Net

   $ 2,538,425         $ 220       $   

 

Europe Local Recovery Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 3,120,282       $       $   

 

Global Hedged SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Exchange-Traded Fund

   $ 35,194,942       $       $   

Total

   $ 35,194,942       $       $   

Unrealized Appreciation on Foreign Currency Contracts

             186,058           

Unrealized Depreciation on Foreign Currency Contracts

             (544,570        

Total - Net

   $ 35,194,942       $ (358,512    $   

 

WisdomTree Trust Annual Report June 30, 2016      121   


Table of Contents

Notes to Financial Statements (continued)

 

 

Global SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

China

   $ 795,883       $ 4,908       $   

Other*

     35,766,750                   

Rights*

             411           

Warrants*

     14,976                   

Exchange-Traded Note

     40,982                   

Total

   $ 36,618,591       $ 5,319       $   

Unrealized Appreciation on Foreign Currency Contracts

             1           

Unrealized Depreciation on Foreign Currency Contracts

             (221        

Total - Net

   $ 36,618,591       $ 5,099       $   

 

Strong Dollar Emerging Markets Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 7,138,152       $       $   

Investment of Cash Collateral for Securities Loaned

             46,548           

Total

   $ 7,138,152       $ 46,548       $   

 

Strong Dollar U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,299,607       $       $   

Investment of Cash Collateral for Securities Loaned

             23,876           

Total

   $ 1,299,607       $ 23,876       $   

 

Weak Dollar U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 1,209,777       $       $   

Investment of Cash Collateral for Securities Loaned

             15,797           

Total

   $ 1,209,777       $ 15,797       $   

 

Fundamental U.S. Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $       $ 5,008,061       $   

 

Fundamental U.S. High Yield Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $       $ 4,890,179       $   

 

Fundamental U.S. Short-Term Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $       $ 4,969,951       $   

 

Fundamental U.S. Short-Term High Yield Corporate Bond Fund    Level 1      Level 2      Level 3  

Corporate Bonds

   $       $ 4,839,941       $   

 

Dynamic Bearish U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 10,896,299       $       $   

Total

   $ 10,896,299       $       $   

Unrealized Appreciation on Swap Contracts

             16,472           

Total - Net

   $ 10,896,299       $ 16,472       $   

 

122   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Notes to Financial Statements (continued)

 

 

Dynamic Long/Short U.S. Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 17,337,806       $       $   
  * Please refer to Schedule of Investments for a breakdown of the valuation by industry type and country.
  ** Securities are being fair valued by the Pricing Committee.

The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.

There were no transfers into or out of any fair value measurement levels during the periods ended June 30, 2016.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically foreign currency contracts and swaps contracts during the period ended June 30, 2016 which are detailed in each Fund’s schedule of investments. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security or where the counterparty to a derivative contract might default on its obligations. The Funds’ derivative agreements contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV over a specified time period. If an event occurred at June 30, 2016 that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund, as disclosed on page 128. At June 30, 2016, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.

As of June 30, 2016, the effects of such derivative instruments on each Fund’s financial position as reflected in the Statements of Assets and Liabilities are presented in the summary below:

 

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

Dynamic Currency Hedged Europe Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts    $ 8,112       Unrealized depreciation on foreign currency contracts    $ 1,314   

Dynamic Currency Hedged International Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      4,009,795       Unrealized depreciation on foreign currency contracts      2,253,064   

Dynamic Currency Hedged International SmallCap Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      31,126       Unrealized depreciation on foreign currency contracts      36,086   

Dynamic Currency Hedged Japan Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      348       Unrealized depreciation on foreign currency contracts      188,844   

Emerging Markets Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts            Unrealized depreciation on foreign currency contracts      10   

Global Hedged SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      186,058       Unrealized depreciation on foreign currency contracts      544,570   

Global SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on foreign currency contracts      1       Unrealized depreciation on foreign currency contracts      221   

Dynamic Bearish U.S. Equity Fund

           

Equity contracts

   Unrealized appreciation on swap contracts      16,472       Unrealized depreciation on swap contracts        

 

WisdomTree Trust Annual Report June 30, 2016      123   


Table of Contents

Notes to Financial Statements (continued)

 

For the periods ended June 30, 2016, 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    Amount of Realized
Gain or (Loss) on Derivatives
Recognized1
     Change in Unrealized
Appreciation or (Depreciation) on
Derivatives Recognized2
 

Dynamic Currency Hedged Europe Equity Fund3

     

Foreign exchange contracts

   $ 13,246       $ 6,798   

Dynamic Currency Hedged International Equity Fund3

     

Foreign exchange contracts

     124,370         1,756,731   

Dynamic Currency Hedged International SmallCap Equity Fund3

     

Foreign exchange contracts

     (48,764      (4,960

Dynamic Currency Hedged Japan Equity Fund3

     

Foreign exchange contracts

     (86,360      (188,496

Emerging Markets Dividend Fund4

     

Foreign exchange contracts

     (631      (10

Europe Local Recovery Fund5

     

Foreign exchange contracts

     (1,519        

Global Hedged SmallCap Dividend Fund6

     

Foreign exchange contracts

     (711,317      (358,512

Global SmallCap Dividend Fund7

     

Foreign exchange contracts

     758         (220

Strong Dollar Emerging Markets Equity Fund5

     

Foreign exchange contracts

     (34,075        

Dynamic Bearish U.S. Equity Fund8

     

Equity contracts

     (1,578,839      16,472   

Dynamic Long/Short U.S. Equity Fund8

     

Equity contracts

     67,471           

 

  1 

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

 

Foreign exchange contracts

   Net realized gain (loss) from foreign currency contracts and foreign currency
related transactions

Equity contracts

   Net realized gain (loss) from swap contracts

 

  2 

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

 

Foreign exchange contracts

   Net change in unrealized appreciation (depreciation) from foreign currency
contracts and translation of assets and liabilities denominated in foreign
currencies

Equity contracts

   Net change in unrealized appreciation (depreciation) from swap contracts

 

  3 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  4 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  5 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  8 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

 

124   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Notes to Financial Statements (continued)

 

During the period ended June 30, 2016, the volume of derivative activity (based on the average of month-end balances) for the Funds was as follows:

 

      Average Notional  
Fund    Foreign
currency contracts
(to deliver)
     Foreign
currency contracts
(to receive)
     Swap
contracts
 

Dynamic Currency Hedged Europe Equity Fund1

  

Foreign exchange contracts

   $ 2,677,572       $ 5,041,249       $   

Dynamic Currency Hedged International Equity Fund1

  

Foreign exchange contracts

     70,687,431         138,412,194           

Dynamic Currency Hedged International SmallCap Equity Fund1

  

Foreign exchange contracts

     1,395,248         2,691,090           

Dynamic Currency Hedged Japan Equity Fund1

  

Foreign exchange contracts

     2,159,241         4,282,116           

Emerging Markets Dividend Fund2

  

Foreign exchange contracts

     1,117         522           

Europe Local Recovery Fund3

  

Foreign exchange contracts

     897         575           

Global Hedged SmallCap Dividend Fund4

  

Foreign exchange contracts

     13,509,767         26,478,452           

Global SmallCap Dividend Fund5

  

Foreign exchange contracts

     10,235         12,310           

Strong Dollar Emerging Markets Equity Fund3

  

Foreign exchange contracts

     291         676           

Dynamic Bearish U.S. Equity Fund6

  

Equity contracts

                     8,864,184   

Dynamic Long/Short U.S. Equity Fund6

  

Equity contracts

                     1,244,146   

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  3 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  4 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premiums and discounts, is accrued daily.

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 Statements of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

 

WisdomTree Trust Annual Report June 30, 2016      125   


Table of Contents

Notes to Financial Statements (continued)

 

Expenses/Reimbursements — Under the investment advisory agreement for each Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of any currency, or the partition or repatriation of any security or other asset, related to the execution of portfolio transactions or any creation or redemption transactions); (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees); (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes); (ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.

The internal expenses of pooled investment vehicles in which the Funds may invest (acquired fund fees and expenses) are not expenses of the Funds and are not paid by WTAM.

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

Currency Transactions — The Funds may enter into foreign currency contracts to facilitate local securities settlements or to protect against currency exposure. The Funds, other than the Currency Hedged Equity Funds, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts — 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 does not require an initial margin deposit and no commissions are charged at any stage for trades. However, if a Fund is in an unrealized loss position on a Forward Contract, it may be required to pledge collateral (or additional collateral) to the counterparty. If a Fund is in an unrealized gain position on a Forward Contract, it may receive collateral from the counterparty.

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

Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured or were sold.

Currency, Interest Rate and Total Return Swaps — The Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund each 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 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 Dynamic Bearish U.S. Equity Fund and the Dynamic Long/Short U.S. Equity Fund each 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.

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

 

126   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Notes to Financial Statements (continued)

 

investments of cash collateral for securities on loan along with the obligations to return such collateral are included on the Statements of Assets and Liabilities. The total value of securities received as collateral for securities on loan is included in a footnote following each Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees, all of which are included in the securities lending income earned by the Funds and disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Dividends received while a security is out on loan are not considered Qualified Dividend Income (“QDI”) under the specific criteria issued by the Internal Revenue Service and are subject to taxation at the shareholder’s ordinary income tax rate instead of the lower long-term capital gains tax rate. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

Master Netting Arrangements — ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions.

In order to better define its contractual rights and to secure rights that will help a Fund mitigate its counterparty risk, a Fund may enter into an International Swaps and Derivatives Association, Inc. Master Agreement (“ISDA Master Agreement”) or similar agreement with its counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter derivatives (“OTC”), including Forward Contracts, and typically contains, among other things, collateral posting terms, netting and rights of set-off provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, a Fund may, under certain circumstances, offset with the counterparty certain derivative financial instruments’ payables and receivables to create a single net payment. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of a default (close-out netting) or similar event, including the bankruptcy or insolvency of the counterparty.

Collateral requirements generally differ by type of derivative. Collateral terms are contract-specific for OTC derivatives (e.g. foreign exchange contracts, options and certain swaps). Generally, for transactions traded under an ISDA Master Agreement, the collateral requirements are calculated by netting the marked to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by a Fund and the counterparty. Generally, the amount of collateral due from or to a counterparty must exceed a minimum transfer amount threshold before a transfer is required to be made. To the extent amounts due to a Fund from its derivatives counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from a counterparty’s non-performance.

A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower, collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower. For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to an ISDA Master Agreement or Lending Agreement, if any, in the Statements of Assets and Liabilities. Therefore, all qualifying transactions are presented on a gross basis in the Statements of Assets and

 

WisdomTree Trust Annual Report June 30, 2016      127   


Table of Contents

Notes to Financial Statements (continued)

 

Liabilities. As of June 30, 2016, the impact of netting of assets and liabilities and the offsetting of collateral pledged or received based on contractual netting/set-off provisions in the ISDA Master Agreement and the Lending Agreement are detailed in the following table:

 

     Assets     Liabilities  
    Gross Amounts in
the Statements of
Assets and  Liabilities
    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
                Gross Amounts in
the Statements of
Assets and Liabilities
    Gross Amounts Not Offset
in the Statements of
Assets and Liabilities
       
Fund     Financial
Instruments
    Collateral
Received
    Net
Amount
             Financial
Instruments
    Collateral
Pledged
    Net
Amount
 

Dynamic Currency Hedged Europe Equity Fund

  

             

Foreign Currency Contracts

  $ 8,112      $      $      $ 8,112              $ 1,314      $      $      $ 1,314   

Dynamic Currency Hedged International Equity Fund

  

                                                       

Foreign Currency Contracts

    4,009,795                      4,009,795                2,253,064                      2,253,064   

Dynamic Currency Hedged International SmallCap Equity Fund

  

                                                       

Securities Lending

    7,020               (7,020 )1                                            

Foreign Currency Contracts

    31,126                      31,126                36,086                      36,086   

Dynamic Currency Hedged Japan Equity Fund

  

       

Securities Lending

    25,056               (25,056 )1                                            

Foreign Currency Contracts

    348                      348          188,844                      188,844   

Emerging Markets Dividend Fund

                                                                       

Foreign Currency Contracts

                                        10                      10   

Global Hedged SmallCap Dividend Fund

                                                                       

Foreign Currency Contracts

    186,058        (51            186,007                544,570        (51            544,519   

Global SmallCap Dividend Fund

                                                                       

Foreign Currency Contracts

    1                      1                221                      221   

Strong Dollar Emerging Markets Equity Fund

  

                                                       

Securities Lending

    43,449               (43,449 )1                                      

Strong Dollar U.S. Equity Fund

                                                                       

Securities Lending

    29,592               (29,592 )1                                      

Weak Dollar U.S. Equity Fund

                                                                       

Securities Lending

    15,389               (15,389 )1                                            

Dynamic Bearish U.S. Equity Fund

                                                                       

Swap Contracts

    16,472                      16,472                                       
  1

The amount of collateral presented has been limited such that the net amount by counterparty cannot be less than zero.

Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. In order to qualify for the special tax treatment accorded RICs and their shareholders, each Fund must, among other things, distribute with respect to each taxable year an amount equal to or greater than the sum of 90% of its investment company taxable income and 90% of its net tax-exempt interest income. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with the requirements of the Code and the U.S. Treasury regulations. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital.

 

128   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Notes to Financial Statements (continued)

 

3. ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (‘‘MCM’’) to provide sub-advisory services to the Funds, except for Fundamental U.S. Corporate Bond Fund, Fundamental U.S. High Yield Corporate Bond Fund, Fundamental U.S. Short-Term Corporate Bond Fund and Fundamental U.S. Short-Term High Yield Corporate Bond Fund which are sub-advised by Voya Investment Management Co., LLC (‘‘Voya IM’’). MCM and Voya IM are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate, which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for 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

 

Dynamic Currency Hedged Europe Equity Fund

     0.48 %1 

Dynamic Currency Hedged International Equity Fund

     0.40 %2 

Dynamic Currency Hedged International SmallCap Equity Fund

     0.48 %1 

Dynamic Currency Hedged Japan Equity Fund

     0.48 %1 

Emerging Markets Dividend Fund

     0.32

Europe Local Recovery Fund

     0.58 %3 

Global Hedged SmallCap Dividend Fund

     0.43 %4 

Global SmallCap Dividend Fund

     0.43

Strong Dollar Emerging Markets Equity Fund

     0.58

Strong Dollar U.S. Equity Fund

     0.33

Weak Dollar U.S. Equity Fund

     0.33

Fundamental U.S. Corporate Bond Fund

     0.28 %5 

Fundamental U.S. High Yield Corporate Bond Fund

     0.48 %6 

Fundamental U.S. Short-Term Corporate Bond Fund

     0.28 %5 

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

     0.48 %6 

Dynamic Bearish U.S. Equity Fund

     0.53 %7 

Dynamic Long/Short U.S. Equity Fund

     0.53 %7 

 

  1 

WTAM has contractually agreed to limit the advisory fee to 0.43% through January 5, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason.

 

  2 

WTAM has contractually agreed to limit the advisory fee to 0.35% through January 5, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason.

 

  3 

WTAM has contractually agreed to limit the advisory fee to 0.48% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason.

 

  4 

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

 

  5 

WTAM has contractually agreed to limit the advisory fee to 0.18% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason.

 

  6 

WTAM has contractually agreed to limit the advisory fee to 0.38% through October 31, 2017, unless earlier terminated by the Board of Trustees of the Trust for any reason.

 

  7 

WTAM has contractually agreed to limit the advisory fee to 0.48% through December 10, 2016, unless earlier terminated by the Board of Trustees of the Trust for any reason.

Each Fund may purchase shares of affiliated ETFs in secondary market transactions to reduce cash balances. For these transactions, WTAM waives its advisory fees for each Fund’s investment in affiliated funds. The waivers may be reduced to offset the incremental costs related to these investments (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of its advisory fee. The dollar amount of advisory fees waived during the period for the Funds, if any, are shown in the Statements of Operations.

Affiliated holdings are funds which are managed by, or an affiliate of, WTAM. Transactions with affiliated funds during the period ended June 30, 2016 are as follows:

 

Fund    Value at
11/19/20151
     Purchases/
Additions
     Sales/
Reductions
     Value at
6/30/2016
     Dividend
Income
 

Global Hedged SmallCap Dividend Fund1

  

WisdomTree Global SmallCap Dividend Fund

   $       $ 33,653,532       $ 3,633,443       $ 35,194,942       $ 494,233   

 

  1 

Commencement of operations.

 

WisdomTree Trust Annual Report June 30, 2016      129   


Table of Contents

Notes to Financial Statements (continued)

 

During the period ended June 30, 2016, certain Funds engaged in purchase and sale transactions with funds that have a common investment adviser, WTAM. These interfund purchase and sale transactions were at fair value and complied with Rule 17a-7 under the 1940 Act. For the periods ended June 30, 2016, the cost of purchases, proceeds from sales and the net realized gain or loss recognized upon the disposal of securities resulting from interfund transactions are shown in the following table:

 

Fund    Purchases      Sales      Net Realized
Gain/Loss
 

Dynamic Currency Hedged Europe Equity Fund1

   $ 62,533       $ 305,433       $ (26,962

Dynamic Currency Hedged International Equity Fund1

     4,710,319         12,014,467         40,076   

Dynamic Currency Hedged International SmallCap Equity Fund1

     242,827         240,061         (37,503

Dynamic Currency Hedged Japan Equity Fund1

     146,165         254,059         (25,218

Europe Local Recovery Fund2

     126,734         265,201         (25,856

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

4. CAPITAL SHARE TRANSACTIONS

As of June 30, 2016, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of creation units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding purchases and sales resulting from in-kind capital share transactions and short-term investments) and the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions (excluding short-term investments) for the periods ended June 30, 2016 are shown in the following table. Realized gains and losses on sales resulting from in-kind capital share redemptions, as shown on the Statements of Operations, are not recognized by the Funds for tax purposes.

 

                      In-kind Capital Share Transactions  
Fund    Purchases      Sales      Purchases      Sales  

Dynamic Currency Hedged Europe Equity Fund1

   $ 1,114,011       $ 1,104,800       $ 4,637,906       $   

Dynamic Currency Hedged International Equity Fund1

     37,688,280         35,108,631         252,442,784           

Dynamic Currency Hedged International SmallCap Equity Fund1

     1,226,405         1,255,974         2,456,276           

Dynamic Currency Hedged Japan Equity Fund1

     931,630         1,250,000         4,752,418           

Emerging Markets Dividend Fund2

     1,126,218         105,906         1,444,299           

Europe Local Recovery Fund3

     877,216         747,359         3,583,452           

Global Hedged SmallCap Dividend Fund4

     810,638         1,639,127         32,842,894         1,994,316   

Global SmallCap Dividend Fund5

     3,818,603         2,001,477         32,109,115         2,353,702   

Strong Dollar Emerging Markets Equity Fund3

     9,658,920         3,675,463         1,027,475           

Strong Dollar U.S. Equity Fund6

     391,396         377,785         2,502,086         1,214,204   

Weak Dollar U.S. Equity Fund6

     335,229         344,443         2,508,798         1,223,292   

Fundamental U.S. Corporate Bond Fund7

     5,109,705         162,838                   

Fundamental U.S. High Yield Corporate Bond Fund7

     4,854,839                           

Fundamental U.S. Short-Term Corporate Bond Fund7

     5,518,669         668,070                   

Fundamental U.S. Short-Term High Yield Corporate Bond Fund7

     4,811,138                           

Dynamic Bearish U.S. Equity Fund8

     9,742,832         201,705         7,224,368         6,071,287   

Dynamic Long/Short U.S. Equity Fund8

     6,213,746         6,094,033         18,330,183         1,282,515   

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

130   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Notes to Financial Statements (continued)

 

 

  2 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  3 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  4 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

  8 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

6. FEDERAL INCOME TAXES

At June 30, 2016, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation
     Gross Unrealized
Depreciation
     Net Unrealized
Appreciation/
(Depreciation)
 

Dynamic Currency Hedged Europe Equity Fund

   $ 4,628,609       $ 234,918       $ (226,944    $ 7,974   

Dynamic Currency Hedged International Equity Fund

     250,674,192         4,364,499         (13,228,665      (8,864,166

Dynamic Currency Hedged International SmallCap Equity Fund

     2,381,579         137,734         (134,621      3,113   

Dynamic Currency Hedged Japan Equity Fund

     4,393,802         284,511         (201,402      83,109   

Emerging Markets Dividend Fund

     2,451,832         146,190         (59,367      86,823   

Europe Local Recovery Fund

     3,652,384         64,246         (596,348      (532,102

Global Hedged SmallCap Dividend Fund

     30,309,781         4,885,161                 4,885,161   

Global SmallCap Dividend Fund

     31,708,505         5,836,169         (920,764      4,915,405   

Strong Dollar Emerging Markets Equity Fund

     7,010,431         465,267         (290,998      174,269   

Strong Dollar U.S. Equity Fund

     1,261,903         128,370         (66,790      61,580   

Weak Dollar U.S. Equity Fund

     1,234,661         74,320         (83,407      (9,087

Fundamental U.S. Corporate Bond Fund

     4,938,847         71,231         (2,017      69,214   

Fundamental U.S. High Yield Corporate Bond Fund

     4,850,516         79,918         (40,255      39,663   

Fundamental U.S. Short-Term Corporate Bond Fund

     4,951,015         20,283         (1,347      18,936   

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

     4,809,766         55,640         (25,465      30,175   

Dynamic Bearish U.S. Equity Fund

     10,698,145         480,147         (281,993      198,154   

Dynamic Long/Short U.S. Equity Fund

     17,118,651         813,682         (594,527      219,155   

At June 30, 2016, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

Fund    Undistributed
Ordinary Income
     Undistributed
Capital and Other
Losses
     Net Unrealized
Appreciation/
(Depreciation)
     Currency and
Other Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

Dynamic Currency Hedged Europe Equity Fund

   $ 32,869       $ (22,180    $ 7,974       $ (223    $ 18,440   

Dynamic Currency Hedged International Equity Fund

     502,119         (2,440,517      (8,864,166      (82,295      (10,884,859

Dynamic Currency Hedged International SmallCap Equity Fund

     9,168         (110,421      3,113         (1,060      (99,200

Dynamic Currency Hedged Japan Equity Fund

     11,043         (341,394      83,109         393         (246,849

Emerging Markets Dividend Fund

     21,704         (7,539      86,823         (275      100,713   

Europe Local Recovery Fund

     4,571         (59,293      (532,102      (80      (586,904

Global Hedged SmallCap Dividend Fund

     7,284         (944,277      4,885,161         (37,738      3,910,430   

Global SmallCap Dividend Fund

     121,647         (154,296      4,915,405         (413      4,882,343   

Strong Dollar Emerging Markets Equity Fund

     22,320         (57,576      174,269         111         139,124   

Strong Dollar U.S. Equity Fund

     3,879         (24,419      61,580                 41,040   

Weak Dollar U.S. Equity Fund

     2,106         (34,053      (9,087              (41,034

Fundamental U.S. Corporate Bond Fund

     1,230         (138      69,214                 70,306   

Fundamental U.S. High Yield Corporate Bond Fund

     2,337                 39,663                 42,000   

Fundamental U.S. Short-Term Corporate Bond Fund

     1,001         (818      18,936                 19,119   

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

     1,502                 30,175                 31,677   

Dynamic Bearish U.S. Equity Fund

             (423,445      198,154                 (225,291

Dynamic Long/Short U.S. Equity Fund

     236,356         (209,053      219,155                 246,458   

 

WisdomTree Trust Annual Report June 30, 2016      131   


Table of Contents

Notes to Financial Statements (continued)

 

The tax character of distributions paid during the periods ended June 30, 2016, was as follows:

 

      Periods Ended June 30, 2016  
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Long-Term
Capital Gains
     Distributions Paid
from Return of
Capital
 

Dynamic Currency Hedged Europe Equity Fund1

   $ 113,002       $       $   

Dynamic Currency Hedged International Equity Fund1

     2,752,751                   

Dynamic Currency Hedged International SmallCap Equity Fund1

     47,502                   

Dynamic Currency Hedged Japan Equity Fund1

     37,001                   

Emerging Markets Dividend Fund2

     12,501                   

Europe Local Recovery Fund3

     73,190                   

Global Hedged SmallCap Dividend Fund4

     459,192                   

Global SmallCap Dividend Fund5

     511,968                   

Strong Dollar Emerging Markets Equity Fund3

     2,068                   

Strong Dollar U.S. Equity Fund6

     24,832                   

Weak Dollar U.S. Equity Fund6

     21,554                   

Fundamental U.S. Corporate Bond Fund7

     21,000                   

Fundamental U.S. High Yield Corporate Bond Fund7

     45,001                   

Fundamental U.S. Short-Term Corporate Bond Fund7

     11,000                   

Fundamental U.S. Short-Term High Yield Corporate Bond Fund7

     49,001                   

Dynamic Bearish U.S. Equity Fund8

                     15,750   

Dynamic Long/Short U.S. Equity Fund8

     56,252                   

 

  * Includes short-term capital gains if any.

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  3 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  4 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

  8 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

At June 30, 2016, for Federal tax purposes, the Funds have capital loss carryforwards available to offset future capital gains as indicated in the below table. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.

 

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

Dynamic Currency Hedged Europe Equity Fund

   $ 20,788       $ 1,392       $ 22,180   

Dynamic Currency Hedged International Equity Fund

     2,440,517                 2,440,517   

Dynamic Currency Hedged International SmallCap Equity Fund

     78,190         32,231         110,421   

Dynamic Currency Hedged Japan Equity Fund

     176,490         164,904         341,394   

Emerging Markets Dividend Fund

     7,539                 7,539   

Europe Local Recovery Fund

     7         10         17   

Global Hedged SmallCap Dividend Fund

     389,960         554,317         944,277   

Global SmallCap Dividend Fund

     153,941         355         154,296   

Strong Dollar Emerging Markets Equity Fund

     55,884         1,692         57,576   

Strong Dollar U.S. Equity Fund

     650                 650   

Weak Dollar U.S. Equity Fund

     4,609                 4,609   

Fundamental U.S. Corporate Bond Fund

     138                 138   

Fundamental U.S. High Yield Corporate Bond Fund

                       

Fundamental U.S. Short-Term Corporate Bond Fund

     818                 818   

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

                       

Dynamic Bearish U.S. Equity Fund

     423,445                 423,445   

Dynamic Long/Short U.S. Equity Fund

     209,053                 209,053   

 

132   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Notes to Financial Statements (continued)

 

Capital losses incurred after October 31 (“post-October capital losses”) and late year ordinary losses incurred after December 31 within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.

During the periods ended June 30, 2016, the following Funds incurred and will elect to defer post-October capital losses and late year ordinary losses as follows:

 

Fund    Late Year
Ordinary Loss
     Short-Term
Post-October
Capital Losses
     Long-Term
Post-October
Capital Losses
 

Dynamic Currency Hedged Europe Equity Fund1

   $       $       $   

Dynamic Currency Hedged International Equity Fund1

                       

Dynamic Currency Hedged International SmallCap Equity Fund1

                       

Dynamic Currency Hedged Japan Equity Fund1

                       

Emerging Markets Dividend Fund2

                       

Europe Local Recovery Fund3

             59,180         96   

Global Hedged SmallCap Dividend Fund4

                       

Global SmallCap Dividend Fund5

                       

Strong Dollar Emerging Markets Equity Fund3

                       

Strong Dollar U.S. Equity Fund6

             24,046         (277

Weak Dollar U.S. Equity Fund6

             29,444           

Fundamental U.S. Corporate Bond Fund7

                       

Fundamental U.S. High Yield Corporate Bond Fund7

                       

Fundamental U.S. Short-Term Corporate Bond Fund7

                       

Fundamental U.S. Short-Term High Yield Corporate Bond Fund7

                       

Dynamic Bearish U.S. Equity Fund8

                       

Dynamic Long/Short U.S. Equity Fund8

                       

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  3 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  4 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

  8 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

At June 30, 2016, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:

 

Fund    Undistributed
Net Investment
Income/(Loss)
     Accumulated
Net Realized
Gain/(Loss)
     Paid-in Capital  

Dynamic Currency Hedged Europe Equity Fund

   $ 20,302       $ (20,302    $   

Dynamic Currency Hedged International Equity Fund

     162,931         (162,931        

Dynamic Currency Hedged International SmallCap Equity Fund

     3,123         (3,123        

Dynamic Currency Hedged Japan Equity Fund

     (1,851      1,851           

Emerging Markets Dividend Fund

     (1,789      1,789           

Europe Local Recovery Fund

     325         (220      (105

Global Hedged SmallCap Dividend Fund

     (27,084      (201,890      228,974   

Global SmallCap Dividend Fund

     4,716         (291,749      287,033   

Strong Dollar Emerging Markets Equity Fund

     (2,331      2,331           

Strong Dollar U.S. Equity Fund

             32,769         (32,769

Weak Dollar U.S. Equity Fund

             20,379         (20,379

Fundamental U.S. Corporate Bond Fund

                       

Fundamental U.S. High Yield Corporate Bond Fund

                       

Fundamental U.S. Short-Term Corporate Bond Fund

                       

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

                       

Dynamic Bearish U.S. Equity Fund

     (48,012      1,150,225         (1,102,213

Dynamic Long/Short U.S. Equity Fund

     213,145         (227,794      14,649   

 

WisdomTree Trust Annual Report June 30, 2016      133   


Table of Contents

Notes to Financial Statements (concluded)

 

These differences are primarily due to redemptions-in-kind, distribution re-designations, non-deductible excise tax, passive foreign investment companies (“PFICs”) and swaps.

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 periods ended June 30, 2016, 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. The current tax year ended June 30, 2016 remains subject to examination by taxing authorities.

 

134   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Report of Independent Registered Public Accounting Firm

 

The Board of Trustees and Shareholders of WisdomTree Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Dynamic Currency Hedged Europe Equity Fund, WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Local Recovery Fund, WisdomTree Global Hedged SmallCap Dividend Fund, WisdomTree Global SmallCap Dividend Fund, WisdomTree Strong Dollar Emerging Markets Equity Fund, WisdomTree Strong Dollar U.S. Equity Fund, WisdomTree Weak Dollar U.S. Equity Fund, WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund, WisdomTree Dynamic Bearish U.S. Equity Fund and WisdomTree Dynamic Long/Short U.S. Equity Fund, seventeen of the investment funds constituting the WisdomTree Trust (the “Trust”), as of June 30, 2016, and the related statements of operations, the statements of changes in net assets and the financial highlights for each of the periods presented therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of June 30, 2016, by correspondence with the custodian and others, or by other appropriate auditing procedures where replies from others were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Dynamic Currency Hedged Europe Equity Fund, WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, WisdomTree Emerging Markets Dividend Fund, WisdomTree Europe Local Recovery Fund, WisdomTree Global Hedged SmallCap Dividend Fund, WisdomTree Global SmallCap Dividend Fund, WisdomTree Strong Dollar Emerging Markets Equity Fund, WisdomTree Strong Dollar U.S. Equity Fund, WisdomTree Weak Dollar U.S. Equity Fund, WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund, WisdomTree Dynamic Bearish U.S. Equity Fund and WisdomTree Dynamic Long/Short U.S. Equity Fund, seventeen of the investment funds constituting the WisdomTree Trust, at June 30, 2016, the results of their operations, the changes in their net assets and the financial highlights for each of the periods presented therein, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

August 25, 2016

 

WisdomTree Trust Annual Report June 30, 2016      135   


Table of Contents

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

 

Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree Dynamic Currency Hedged Europe Equity Fund, WisdomTree Dynamic Currency Hedged International Equity Fund, WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund, WisdomTree Dynamic Currency Hedged Japan Equity Fund, and the WisdomTree Emerging Markets Dividend Fund (each, a “Fund” and, collectively, the “Funds”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on December 10-11, 2015, the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide each Fund with investment advisory services, and the Sub-Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which Mellon Capital Management Corporation (the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of each Fund.

In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM and Broadridge Financial Solutions, Inc., an independent provider of investment company data. The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from WTAM representatives and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services to be Provided to the Funds. The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s and the Sub-Adviser’s operational capabilities and resources. The Board also discussed the proposed role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Funds. The Board noted that the strategies represented by the Funds are unique, based on WTI’s intellectual property and are only available for use by the Funds through WTAM. The Board noted WTAM’s belief that shareholders will invest in the Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM will provide oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements.

Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the Agreements.

Comparative Analysis of the Funds’ Performance, Advisory Fees and Fund Expenses. As the Funds had not yet commenced operations, the Board was not able to review the Funds’ performance. The Board discussed with WTAM representatives the portfolio management team and the investment strategies to be employed in the management of each Fund’s assets. The Board noted the reputation and experience of WTAM and the Sub-Adviser.

The Board considered the fees to be paid to WTAM by each Fund. The Board examined the fee to be paid by each Fund in light of fees paid to other investment advisers by comparable funds and the method of computing the Fund’s fee. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by each Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fees will be paid by WTAM (out of its fees paid by the Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM will provide to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk to be borne by WTAM that is associated with the Funds’ unitary fee structure, which includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund grows to a sufficient size. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser supported the Board’s approval of the Agreements.

 

136   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

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

 

Analysis of Profitability and Economies of Scale. As the Funds had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Funds had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it were determined that material economies of scale had not been shared with the Funds, the Board would seek to have those economies of scale shared with the Funds in connection with future renewals.

* * * * * *

In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM and the Sub-Adviser, of other funds advised by WTAM and the Sub-Adviser. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the Agreements.

Approval of Investment Advisory and Sub-Advisory Agreements with respect to the WisdomTree Fundamental U.S. Corporate Bond Fund, WisdomTree Fundamental U.S. High Yield Corporate Bond Fund, WisdomTree Fundamental U.S. Short-Term Corporate Bond Fund, and the WisdomTree Fundamental U.S. Short-Term High Yield Corporate Bond Fund (each, a “Fund” and, collectively, the “Funds”)

At a meeting of the Board of Trustees (the “Board”) of the WisdomTree Trust (the “Trust”) held on March 21-22, 2016, the Trustees (the “Trustees”), including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the Trust (the “Independent Trustees”), considered the approval of the Investment Advisory Agreement (the “Advisory Agreement”), pursuant to which WisdomTree Asset Management, Inc. (“WTAM”) will provide each Fund with investment advisory services, and the Sub-Advisory Agreement (together with the Advisory Agreement, the “Agreements”), pursuant to which Voya Investment Management Co. LLC (“Voya” or the “Sub-Adviser”) will coordinate the investment and reinvestment of the assets of each Fund.

In considering whether to approve the Agreements, the Trustees considered and discussed information and analysis provided by WTAM and Broadridge Financial Solutions, Inc., an independent provider of investment company data. The Independent Trustees were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of WTAM and the Sub-Adviser. In considering the approval of the Agreements, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

Analysis of Nature, Extent, and Quality of Services to be Provided to the Funds. The Board considered information provided to them at the meeting and in previous presentations throughout the year from WTAM representatives regarding the nature, extent, and quality of the services provided to the WisdomTree funds, recognizing WTAM’s operational capabilities and resources. The Board considered WTAM’s reasons for recommending that Voya be appointed as the sub-adviser to the Funds, including its due diligence concerning Voya. WTAM representatives noted Voya’s expertise in fixed income portfolio management, performance track record, understanding of the exchange-traded fund business and experience managing rules-based passive strategies. The Board also received materials from Voya detailing its investment philosophy and met with representatives of Voya, who discussed with the Board that investment philosophy and process and the backgrounds and qualifications of the fixed income investment grade and high yield credit portfolio management teams. The Board also discussed the proposed role of WisdomTree Investments, Inc. (“WTI”), the parent of WTAM, as index provider to the Funds. The Board noted that the strategies represented by the Funds are unique, based on WTI’s intellectual property and are only available for use by the Funds through WTAM. The Board noted WTAM’s belief that shareholders will invest in the Funds on the strength of WTI’s intellectual property and WTAM’s industry standing and reputation and with the expectation that WTAM will have a continuing role in providing advisory services to the Funds based on the WTI indexes. The Board also noted the extensive responsibilities that WTAM will have as investment adviser to the Funds, including: the selection of, and supervisory responsibilities and activities over, the Sub-Adviser, including oversight of the Sub-Adviser’s adherence to each Fund’s investment strategy and restrictions, monitoring of the Sub-Adviser’s buying and selling of securities and derivatives transactions, review of Sub-Adviser performance, review of proxies voted by the Sub-Adviser and oversight of, and the provision of consultation to, the Sub-Adviser with respect to the creation of custom creation or redemption baskets for authorized participants; oversight of the daily valuation of the Funds’ portfolio holdings; oversight of general Fund compliance with federal and state laws; and implementation of Board directives as they relate to the Funds. The Board also considered research support available to, and management capabilities of, the Funds’ management personnel and that WTAM will provide oversight of day-to-day Fund operations, including fund accounting, tax matters, administration, compliance and legal assistance in meeting disclosure and regulatory requirements.

Based on review of this information and the other factors considered at the meeting, the Board concluded that the nature, extent and quality of services to be provided by WTAM and the Sub-Adviser under the Advisory Agreement and Sub-Advisory Agreement, respectively, are adequate and appropriate and supported the Board’s approval of the Agreements.

 

WisdomTree Trust Annual Report June 30, 2016      137   


Table of Contents

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

 

Comparative Analysis of the Funds’ Performance, Advisory Fees and Fund Expenses. As the Funds had not yet commenced operations, the Board was not able to review the Funds’ performance. The Board discussed with representatives of WTAM and Voya the portfolio management team and the investment strategies to be employed in the management of each Fund’s assets. The Board noted the reputation and experience of WTAM and Voya.

The Board considered the fees to be paid to WTAM by each Fund. The Board examined the fee to be paid by each Fund in light of fees paid to other investment advisers by comparable funds and the method of computing the Fund’s fee. The Board noted the proposed fee waiver arrangements. The Board also considered the fee to be paid to the Sub-Adviser in relation to the fee to be paid to WTAM by each Fund and the respective services to be provided by the Sub-Adviser and WTAM. The Board also noted the Sub-Adviser’s fees will be paid by WTAM (out of its fees paid by the Funds) and not the Funds. The Board considered the meaningful differences in the services that WTAM will provide to the Funds as compared to the Sub-Adviser, including that the role of the Sub-Adviser in making investment recommendations with respect to a Fund is a rules-based function, with oversight by WTAM in seeking to ensure compliance with such rules. The Board also considered the entrepreneurial and expense risk to be borne by WTAM that is associated with the Funds’ unitary fee structure, which includes minimum fees (such as those to the Sub-Adviser), regardless of whether the asset size of a Fund grows to a sufficient size. Based on this review, the Board concluded that the fees to be paid to WTAM and the Sub-Adviser supported the Board’s approval of the Agreements.

Analysis of Profitability and Economies of Scale. As the Funds had not yet commenced operations, WTAM representatives were not able to review the dollar amount of expenses allocated and profit received by WTAM, or any economies of scale. The Board considered potential benefits to WTAM and the Sub-Adviser from acting as investment adviser and sub-adviser, respectively. The Board also considered the uncertainty of the estimated asset levels and the renewal requirements for advisory agreements and their ability to review the advisory fees annually after the initial term of the Agreements. The Board determined that because the Funds had not yet commenced operations, economies of scale were not a factor, but, to the extent in the future it were determined that material economies of scale had not been shared with the Funds, the Board would seek to have those economies of scale shared with the Funds in connection with future renewals.

* * * * * *

In evaluating the Agreements, the Board considered the conclusions and determinations discussed above and also relied on its knowledge, gained through meetings and other interactions with WTAM and the Sub-Advisers, of other funds advised by WTAM and the Sub-Advisers. In light of the foregoing, the Board, including a majority of the Independent Trustees, determined to approve the Agreements.

 

138   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Trustees and Officers Information (unaudited)

 

The Board of Trustees is responsible for overseeing the management and affairs of the Funds and the Trust. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.

The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York, NY 10167.

Independent Trustees

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
  Other
Directorships
Held by Trustee

During the Past
5 Years
David G. Chrencik^
(1948)
  Trustee, 2014- present   Chief Financial Officer of Sarus Indochina Select LP (hedge fund) since 2012; Chief Financial Officer of GeoGreen BioFuels, Inc. (biodiesel fuel producer) from 2010 to 2014; Audit Partner at PricewaterhouseCoopers LLP (public accounting firm) from 1972 to 2009 (includes positions prior to becoming Audit Partner and predecessor firms).   97   Trustee,
Vericimetry
Funds
(2011-2014)
Joel Goldberg#
(1945)
  Trustee, 2012- present  

Attorney, Of Counsel/Partner at Stroock

& Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.

  97   Director,
Better
Business
Bureau
(Metropolitan
New York,
Long Island
and the Mid-
Hudson
Region)
Toni Massaro†
(1955)
  Trustee, 2006- present   Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor at the Rogers College of Law since 1990.   97   None
Melinda A. Raso Kirstein‡
(1955)
  Trustee, 2014- present   Retired, Merrill Lynch Investment Management, Vice President; Senior Portfolio Manager, Fixed Income Management; Director, Tax Exempt Fund Management.   97   Associate
Alumnae of
Douglass
College,
Member of
Investment
Committee
Victor Ugolyn
(1947)
  Trustee, 2006- present; Chairman of the Board of Trustees, 2006- present   Private Investor, 2005 to present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds from 1991 to 2004.   97   Member of the
Board of
Governors of
Naismith
Memorial
Basketball Hall
of Fame,
Member of the
Board of
Directors of
the New York
Society of
Security
Analysts
(NYSSA)

 

* As of June 30, 2016.

 

^ Chair of the Audit Committee.

 

# Chair of the Contracts Review Committee.

 

Chair of the Governance and Nominating Committee.

 

Chair of the Investment Committee.

 

WisdomTree Trust Annual Report June 30, 2016      139   


Table of Contents

Trustees and Officers Information (unaudited) (concluded)

 

Interested Trustee and Officers

 

Name

and Year of Birth
of Trustee/Officer

 

Position(s) Held with
the Trust, Term of
Office and Length
of Time Served

 

Principal Occupation(s)
During the Past 5 Years

  Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer*
 

Other
Directorships
Held by Trustee

During the Past
5 Years

Jonathan Steinberg**
(1964)
  Trustee, 2005- present President, 2005- present   President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.   97   Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.
David Castano**
(1971)
  Treasurer, 2013- present   Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006.   97   None
Terry Jane Feld**
(1960)
  Chief Compliance Officer, 2012- present  

Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life

Insurance Co., 2004 to 2007.

  97   None
Ryan Louvar**
(1972)
  Secretary and Chief Legal Officer, 2013- present   General Counsel, WisdomTree Asset Management, Inc. since 2013; Vice President and Senior Managing Counsel, State Street, 2005 to 2013.   97   None
Sarah English**
(1977)
  Assistant Secretary, 2013- present   Investment Management Counsel, WisdomTree Asset Management, Inc. since 2010 (includes prior positions at WisdomTree Asset Management, Inc.); Attorney, NYFIX, Inc. from 2006 to 2009.   97   None

Clint Martin**

(1977)

  Assistant Treasurer, 2015-present   Fund Manager, Fund Accounting & Administration, WisdomTree Asset Management, Inc., since 2012; Vice President of Legg Mason & Co. and served as Assistant Treasurer from 2010 to 2012 and Assistant Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.   97   None

 

* As of June 30, 2016.

 

** Elected by and serves at the pleasure of the Board.

 

140   WisdomTree Trust Annual Report June 30, 2016


Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds’ periods ended June 30, 2016, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2017.

Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the periods ended June 30, 2016, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income
 

Dynamic Currency Hedged Europe Equity Fund1

   $ 113,002   

Dynamic Currency Hedged International Equity Fund1

     2,641,150   

Dynamic Currency Hedged International SmallCap Equity Fund1

     47,502   

Dynamic Currency Hedged Japan Equity Fund1

     37,001   

Emerging Markets Dividend Fund2

     12,501   

Europe Local Recovery Fund3

     73,190   

Global Hedged SmallCap Dividend Fund4

     459,192   

Global SmallCap Dividend Fund5

     511,968   

Strong Dollar Emerging Markets Equity Fund3

     2,068   

Strong Dollar U.S. Equity Fund6

     24,832   

Weak Dollar U.S. Equity Fund6

     21,554   

Fundamental U.S. Corporate Bond Fund7

       

Fundamental U.S. High Yield Corporate Bond Fund7

       

Fundamental U.S. Short-Term Corporate Bond Fund7

       

Fundamental U.S. Short-Term High Yield Corporate Bond Fund7

       

Dynamic Bearish U.S. Equity Fund8

       

Dynamic Long/Short U.S. Equity Fund8

     56,252   

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  3 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  4 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

  8 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

The Funds designate the following amount of ordinary income distributions paid during the periods ended June 30, 2016 from qualified short-term gains and qualified interest income:

 

Fund    Qualified
Short-Term
Gains
     Qualified
Interest
Income
 

Dynamic Currency Hedged Europe Equity Fund1

     0.00      0.00

Dynamic Currency Hedged International Equity Fund1

     0.00      0.00

Dynamic Currency Hedged International SmallCap Equity Fund1

     0.00      0.00

Dynamic Currency Hedged Japan Equity Fund1

     0.00      0.00

Emerging Markets Dividend Fund2

     0.00      0.00

Europe Local Recovery Fund3

     0.00      0.00

Global Hedged SmallCap Dividend Fund4

     0.00      0.00

Global SmallCap Dividend Fund5

     0.00      0.00

Strong Dollar Emerging Markets Equity Fund3

     0.00      0.00

Strong Dollar U.S. Equity Fund6

     0.00      0.00

Weak Dollar U.S. Equity Fund6

     0.00      0.00

Fundamental U.S. Corporate Bond Fund7

     0.00      100.00

Fundamental U.S. High Yield Corporate Bond Fund7

     0.00      100.00

 

WisdomTree Trust Annual Report June 30, 2016      141   


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Supplemental Information (unaudited) (continued)

 

Fund    Qualified
Short-Term
Gains
     Qualified
Interest
Income
 

Fundamental U.S. Short-Term Corporate Bond Fund7

     0.00      100.00

Fundamental U.S. Short-Term High Yield Corporate Bond Fund7

     0.00      100.00

Dynamic Bearish U.S. Equity Fund8

     0.00      0.00

Dynamic Long/Short U.S. Equity Fund8

     0.00      0.00

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  3 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  4 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

  8 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

The following represents the percentage of dividends paid during the periods ended June 30, 2016, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction
 

Dynamic Currency Hedged Europe Equity Fund1

       

Dynamic Currency Hedged International Equity Fund1

       

Dynamic Currency Hedged International SmallCap Equity Fund1

       

Dynamic Currency Hedged Japan Equity Fund1

       

Emerging Markets Dividend Fund2

       

Europe Local Recovery Fund3

       

Global Hedged SmallCap Dividend Fund4

     32.10

Global SmallCap Dividend Fund5

     30.67

Strong Dollar Emerging Markets Equity Fund3

       

Strong Dollar U.S. Equity Fund6

     91.54

Weak Dollar U.S. Equity Fund6

     100.00

Fundamental U.S. Corporate Bond Fund7

       

Fundamental U.S. High Yield Corporate Bond Fund7

       

Fundamental U.S. Short-Term Corporate Bond Fund7

       

Fundamental U.S. Short-Term High Yield Corporate Bond Fund7

       

Dynamic Bearish U.S. Equity Fund8

       

Dynamic Long/Short U.S. Equity Fund8

     30.19

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  3 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  4 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

  8 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

The Funds intend to elect to pass through to shareholders the credit for taxes paid during the periods ended June 30, 2016, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Dynamic Currency Hedged Europe Equity Fund1

   $ 144,452       $ 20,568   

Dynamic Currency Hedged International Equity Fund1

     3,201,886         303,853   

Dynamic Currency Hedged International SmallCap Equity Fund1

     62,942         6,437   

Dynamic Currency Hedged Japan Equity Fund1

     65,052         6,529   

Emerging Markets Dividend Fund2

     41,880         4,559   

Europe Local Recovery Fund3

     93,100         14,539   

 

142   WisdomTree Trust Annual Report June 30, 2016


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Supplemental Information (unaudited) (concluded)

 

Fund    Gross Foreign
Income
     Foreign
Taxes Paid
 

Global Hedged SmallCap Dividend Fund4

   $       $   

Global SmallCap Dividend Fund5

               

Strong Dollar Emerging Markets Equity Fund3

     52,605         6,269   

Strong Dollar U.S. Equity Fund6

               

Weak Dollar U.S. Equity Fund6

               

Fundamental U.S. Corporate Bond Fund7

               

Fundamental U.S. High Yield Corporate Bond Fund7

               

Fundamental U.S. Short-Term Corporate Bond Fund7

               

Fundamental U.S. Short-Term High Yield Corporate Bond Fund7

               

Dynamic Bearish U.S. Equity Fund8

               

Dynamic Long/Short U.S. Equity Fund8

               

 

  1 

For the period January 7, 2016 (commencement of operations) through June 30, 2016.

 

  2 

For the period April 7, 2016 (commencement of operations) through June 30, 2016.

 

  3 

For the period October 29, 2015 (commencement of operations) through June 30, 2016.

 

  4 

For the period November 19, 2015 (commencement of operations) through June 30, 2016.

 

  5 

For the period November 12, 2015 (commencement of operations) through June 30, 2016.

 

  6 

For the period July 21, 2015 (commencement of operations) through June 30, 2016.

 

  7 

For the period April 27, 2016 (commencement of operations) through June 30, 2016.

 

  8 

For the period December 23, 2015 (commencement of operations) through June 30, 2016.

 

WisdomTree Trust Annual Report June 30, 2016      143   


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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 Foreside Fund Services, LLC, Three Canal Plaza Suite 100, Portland, ME, 04101.

The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.

Shareholder Reports and Quarterly Portfolio Disclosure

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

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

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

Frequency Distribution of Discounts & Premiums

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

 

144   WisdomTree Trust Annual Report June 30, 2016


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The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of June 30, 2016:

 

WisdomTree Domestic Earnings and Dividend Funds

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree High Dividend Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree U.S. Quality Dividend Growth Fund (DGRW)

 

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS)

 

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

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

 

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

 

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

 

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

 

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

WisdomTree Europe Hedged SmallCap Equity Fund (EUSC)

 

WisdomTree Europe Local Recovery Fund (EZR)

 

WisdomTree Europe Quality Dividend Growth Fund (EUDG)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Germany Hedged Equity Fund (DXGE)

 

WisdomTree Global ex-U.S. Hedged Dividend Fund (DXUS)

 

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

 

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International Equity Fund (DWM)

 

WisdomTree International Hedged Equity Fund (HDWM)

 

WisdomTree International Hedged Quality Dividend Growth Fund (IHDG)

 

WisdomTree International Hedged SmallCap Dividend Fund (HDLS)

 

WisdomTree International High Dividend Fund (DTH)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International Quality Dividend Growth Fund (IQDG)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Japan Hedged Capital Goods Fund (DXJC)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

WisdomTree Japan Hedged Financials Fund (DXJF)

 

WisdomTree Japan Hedged Health Care Fund (DXJH)

 

WisdomTree Japan Hedged Quality Dividend Growth Fund (JHDG)

 

WisdomTree Japan Hedged Real Estate Fund (DXJR)

 

WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)

 

WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)

 

WisdomTree Japan Quality Dividend Growth Fund (JDG)

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Korea Hedged Equity Fund (DXKW)

 

WisdomTree United Kingdom Hedged Equity Fund (DXPS)

  

WisdomTree Global/Global ex-U.S. and Emerging/Frontier Markets

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

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

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Emerging Markets Consumer Growth Fund (EMCG)

 

WisdomTree Emerging Markets Dividend Fund (DVEM)

 

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

 

WisdomTree Emerging Markets High Dividend Fund (DEM)

 

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

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

 

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

 

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

 

WisdomTree Global High Dividend Fund (DEW)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

WisdomTree Global SmallCap Dividend Fund (GSD)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree Dollar Sensitive Equity Funds

 

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

 

WisdomTree Strong Dollar U.S. Equity Fund (USSD)

 

WisdomTree Weak Dollar U.S. Equity Fund (USWD)

 

WisdomTree Currency Strategy Funds

 

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

 

WisdomTree Brazilian Real Strategy Fund (BZF)

 

WisdomTree Chinese Yuan Strategy Fund (CYB)

 

WisdomTree Commodity Currency Strategy Fund (CCX)

 

WisdomTree Emerging Currency Strategy Fund (CEW)

 

WisdomTree Indian Rupee Strategy Fund (ICN)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Barclays U.S. Aggregate Bond Enhanced Yield Fund (AGGY)

 

WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND)

 

WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)

 

WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)

 

WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND)

 

WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

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

 

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

 

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

 

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

 

WisdomTree Japan Interest Rate Strategy Fund (JGBB)

 

WisdomTree Strategic Corporate Bond Fund (CRDT)

 

WisdomTree Western Asset Unconstrained Bond Fund (UBND)

 

WisdomTree Alternative Funds

 

WisdomTree CBOE S&P 500 PutWrite Strategy Fund (PUTW)

 

WisdomTree Coal Fund (TONS)

 

WisdomTree Continuous Commodity Index Fund (GCC)

 

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

 

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

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)


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

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

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition, when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. High-yield or “junk” bonds have lower credit ratings and involve a greater risk to principal. While the Fundamental Fixed Income Funds attempt to limit credit and counterparty exposure, the value of an investment in the Funds may change quickly and without warning in response to issuer or counterparty defaults and changes in the credit ratings of the Fund’s portfolio investments. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

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


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WisdomTree Trust

245 Park Avenue, 35th Floor

New York, NY 10167

 

LOGO

 

LOGO

 

International Equity ETFs:

WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ)

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM)

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS)

WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP)

WisdomTree Emerging Markets Dividend Fund (DVEM)

WisdomTree Europe Local Recovery Fund (EZR)

WisdomTree Global Hedged SmallCap Dividend Fund (HGSD)

WisdomTree Global SmallCap Dividend Fund (GSD)

WisdomTree Strong Dollar Emerging Markets Equity Fund (EMSD)

U.S. Equity ETFs:

WisdomTree Strong Dollar U.S. Equity Fund (USSD)

WisdomTree Weak Dollar U.S. Equity Fund (USWD)

Fixed Income ETFs:

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

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

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

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

Alternative ETFs:

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

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

WTGM-1713


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Item 2. Code of Ethics.

 

  (a) The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.

 

  (c) There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

 

  (d) The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions.

 

  (f) The code of ethics is attached hereto as exhibit 12(a)(1).

Item 3. Audit Committee Financial Expert.

The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the Registrant’s audit committee is David Chrencik, who is an independent Trustee of the Trust, as that term is defined under Item 3(a) (2).

Item 4. Principal Accountant Fees and Services.

Audit Fees

 

  (a) The aggregate fees billed for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for the fiscal period are $414,560.


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Audit-Related Fees

 

  (b) The aggregate fees billed for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $0.

Tax Fees

 

  (c) The aggregate fees billed for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $14,900.

All Other Fees

 

  (d) The aggregate fees billed for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0.

 

  (e)(1) Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.

 

  (e)(2) The Registrant’s Audit committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

 

  (f) The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

 

  (g) The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for the fiscal period from the commencement of operations July 21, 2015 to June 30, 2016 was $14,900.

 

  (h) Not applicable.


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Item 5. Audit Committee of Listed registrants.

The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are David Chrencik, Melinda Raso Kirstein and Victor Ugolyn.

Item 6. Investments.

 

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

 

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

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

Item 11. Controls and Procedures.

 

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


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

Item 12. Exhibits.

 

  (a)(1) Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto.

 

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

 

  (a)(3) Not applicable.

 

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


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SIGNATURES

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

 

(Registrant)   

WisdomTree Trust

  

 

By (Signature and Title)   

/s/ Jonathan L. Steinberg

  
   Jonathan L. Steinberg, President   
   (principal executive officer)   

Date: September 1, 2016

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: September 1, 2016

 

By (Signature and Title)   

/s/ David Castano

  
   David Castano, Treasurer   
   (principal financial officer)   

Date: September 1, 2016